Full text of Survey of Current Business : March 1929
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UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF BUSINESS MARCH, 1929 No, 91 IMPORTANT NOTICE In addition to figures given fromGovernment sources, Mere are also incorporated far completeness of service figures from other sources generally accepted by the trades, the authority and responsibility for which are fiot^d in the "Sources of Data" bn pages 139-142 of the February, 1929, semiannual issue\ U. S. G O V E R N M E N T PR1MTIN* OFFICSr 19t» INTRODUCTION The SURVEY, OF CURRENT BUSINESS is designed to present each month a picture of the business situation by,-setting forth the principal facts regarding the various lines of trade and industry. The figures reported ai-e very largely those already In existence. The chief function of the department is to bring together these data which* if available at all, are scattered in hundreds of different publications. A portion of these data are collected by Government departments, other figures are compiled by technical journals, and still others are reported by trade associations. At semiannual intervals detailed tables > are published giving, for each item, monthly figures for the past two years and yearly comparisons, where available, back to l9l3; also plank lines sufficient for six months have been.l&ft at the bottom of each table, enabling those >vho care to do so to enter new figures as soon as they appear (see February, 1929, is£ue). In the intervening months the, more important cdmp&risons only are given in the table entitled '* Trend of business movements." ^ 1 WEEKLY SUPPLEMENT ! / ' ' * ' • " Realizing that current statistics are highly perish>ie atnd that to be of use tkey must reach the business man at tte earliest possible moment, the clepartment has arranged to distribute supplement^ every week to subscribers in the United States, £he supplements are usually mailed op Saturdays and ^ive such information as tyas been received during the week ending on the preceding Tuesdav* The monthly information contain^! in these bulletins is republishe|d in the SURVEY, and the supplements also contain charts and tables of Weekly data. RELATIVE AND IND]EX NUMpfeRS To facilitate comparison between different important items and to chart series expressed in different units, relative numbers (often called "index, numbers," a term referring mote particularly to a special kind of number described below) have been calculated. The monthly average for 1923-1925 has usually be&n u^ed as a bask ecpial to 100. Th0 relative'number are computed by allowing the monthly average for tlie base y6ar or period to eqiual .( 100<; M t|ie movement lo^ ^current month is greater than'the bask, the relative nujnber will be greater th^n 100, and vice versa. The difference between 100 and the relatiy^ number will give: at once the per cent increase; or decrease compared with the base period. Thus a relative number of 11,6 paeans an increase of 1^ per cerlt over the base period, while a relative number of 80 meins a decrease of 20 per cent from th6 base. Relative numbers may also be tised to calculate the approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative Dumber at/one nqtoiith is 1?0 and for a later montfy it ifc 144 there has been an increase of 20 per cent. , When two or more series of rel&tiye numbers are combined d*y a ^syst^m of weightings, the resulting series is denominated an indtex number. The index, number, by combining; many relative numbers, is designed to show the trend of ah entire group of industries or for the country as a whole, instead of for the single commodity or industry \^hich the relative number covers. v Comparisons witti the base year or with other periods are made in the s&me ma,nner as in the case of relative numbers. , RATIO CHARTS In most instances, the charts Used in the SURVEY OF CURRENT BUSINESS are of the, type termed "Ratio Charts" (logarithmic scale), notably the Business Indicator charts on, page 2. These charts show the percentage increase and allow direct comparisons between the slope of One curve and that of any other curve regardless of its location on:the diagram; that is, a 10 per cent increase in an iterb. is given the same vertical movement whether its curve is near the bottom or near the top of the ctiart. The difference between this and the ordinary arithmetic form of chart can be inade elea,r by an example. If a certain item having a relative number of 400 in one month increases 10 per cent in the following month, its relative number will be 440, arid on an ordinary chart would be plotted 40 equidistant sc^ale points higlpr than the preceding months. Another movement with a relative Dumber pf, say, 50 also increases 10 per cent, making its relative number 55. On th& ordinary, (Arithmetic) scale this item wOuld rise[ Only £ equidistant points, whereas the previous item rose 40 points, 3ret,each showed thfe same percentage increase. The ratio charts avoid difficulty and give to each of the two movenients exactly the ^ain^ vertical rise, and hence the slopes of the two li^es a,re directly comparable. TJie ratio charts compare percentage changes, while the arithmetic charts compare absolute changes. J RECORD As an aid to readers in comparing present data with montl^y statistics in previous year3, the department is compiling a RECORD BOOK^ OF BUSINESS STATISTICS, in whicty diata now parried In the SURVEY OF CURRENT BUSINESS are shown by months as far back as 1909, if available: Full descriptions of the figures #nd reports of how the data are tised in actual practice by business firms are contained in the RECORD BOOK. The sections covering textiles and metals have already been issued and may be obtained for 10 cents per copy from the Superintendent of Documents, Gov*cirnment Printing Office, Washington,, D. C. (Do not send stamps.) Notices of other sections ]wili be given in the SURVEY as they are issued. METHODS OF tJSE \ Methods of using and interpreting current business statistics have been collected by the department from many business concerns, and are; described in a booklet entitled "How to tFse Current Business Statistics/' together with methods of .collecting statistics. This booklet may be obtained from the Superintendent of Documents, GoveTnipabnt,Printing Office, Washington, D. C^, &t 15 cents per copy. (Do not send stamps.) \ This issue presents practically complete data for the month of January and contains text covering the early weeks of February (page 1], for which the basic figures In table and chart form are presented regularly in the weekly supplements. As most data covering a particular month's business are not available until from 15 to 30 days after the close of the month, a complete picture of that month's operations can not be presented at an early date, but the weekly, supplements give every week th$ latest data available. SURVEY OF CURRENT BUSINESS P U B L I S H E D BY U N I T E D STATES D E P A R T M E N T OF COMMERCE Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year; single copies (monthly), 10 cents, semiannual issues, 25 cents. Foreign subscriptions, 32.25; single copies (monthly issues), including postage, 14 cents; semiannual issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY, 35.50 a year. Make remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted No. 91 March, 1929 WASHINGTON CONTENTS SUMMARIES INDEX BY SUBJECTS Preliminary summary for February Business conditions in January Monthly business indicators (table and chart) Wholesale prices (table and charts) Indexes of business Automobiles, building, mining, manufacturing (charts) _ Electric power, transportation (charts) Page 1 4 2,3 6,7 15 8 NEW DETAILED TABLES Fabricated structural steel Steel castings Steel boilers Malleable castings Census of manufactures, 1927 Agricultural machinery _ 18 19 20 20 21 21 Table page 9 10 11 11 11 22 24 28 27,29 12 12 12 13 14 5 14 14 14 30 30 31 32 34 34 36,39 40 42 43 44 46 PRELIMINARY SUMMARY FOR FEBRUARY The volume of money turnover during the early weeks of February, as indicated by check payments, was greater than in the corresponding period of the previous year. Industrial activity, as reflected by steel-plant operations, was greater than in either the previous month or January, 1928. Activity in automobile factories, as indicated by Detroit employment, showed expansion over both the preceding month and the same month of last year. The volume of new building contracts awarded during February was lower than in either the preceding month or February, 1928. Bituminous coal output was higher in February than in either the previous month or the same month of last year. The production of lumber showed declines from both periods. Loans and discounts of Federal reserve member banks at the end of February were somewhat higher than at the end of the preceding month, showing a gain also over a year ago. Interest rates on call money showed practically no change from the previous month, but were higher than a year ago. Time-money rates Digitized averaged lower than in January, but were higher than in for FRASER http://fraser.stlouisfed.org/ 37164—29 1 Federal Reserve Bank of St. Louis Textiles Metals and metal products Fuels Automobiles and rubber Hides and leather Paper and printing Building construction and housing __ Lumber products Stone, clay, and glass products Chemicals and oils Foodstuffs and tobacco __ Transportation and public utilities -Employment and wages Distribution movement (trade, etc.)Banking, finance, and insurance Foreign exchange and trade Text page February, 1928. Stock prices reached a new high point during the month and on the whole averaged higher than in the previous month or February of last year. Prices for bonds averaged lower than in either prior period, reflecting higher interest rates. Brokers' loans reached a new high point during February but declined toward the close of the month. On the whole, brokers' loans were higher, however, than in the preceding month or February of last year. The Federal reserve ratio at the end of the month was higher than at the end of the preceding month but showed a decline from a year ago. The primary distribution of goods, as indicated by carloadings, was greater than in either the previous month or the corresponding period a year ago. The general index of wholesale prices showed practically no change from the previous month but was higher than a year ago. Prices for wheat averaged higher than in January but were lower than a year ago. Prices for cotton and iron and steel showed practically no change from the level which prevailed in January but reflected gains over a year ago. (1) MONTHLY BUSINESS INDICATORS, 1923-1928 [Ratio charts-see explanations on inside front cover. The curves on check payments, wholesale trade, sales of mail-order houses, and 10-cent chains, and department stores have been adjusted for normal seasonal variations, and manufacturing production for the varying number of working days in the month as well] 1923 I 1924 I 1925 I 1926 I 1927 | J928 J 1923 I J924 I. 1925 I J926 I J92t I 1928 1923 1924 1925 1926 MONTHLY BUSINESS INDICATORS The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 19251 inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators may be seen at a glance. Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated, as noted below. In this manner a more understanding month-to-month comparison may be made. MONTHLY AVERAGE 1923 ITEM mi 1925 1926 1937 1927 1928 Dec. 1929 1928 Jan. Feb Mar Apr. May June July Aug. Sept Oct. 1Nov. Dec. Jan. 1993-1925 monthly a?erage=100 Industrial production: * Total manufacturing * Total minerals. _ Pig iron Steel ingots Automobiles Cement Lumber (5 species) Cotton (consumption) Wool (consumption) Raw material output: Animal products. Crops Forest products Crude petroleum Bituminous coal Copper _ . Power and construction : Electric power Building contracts (37 States) 101.0 105.0 111 7 104.8 101.7 92.1 98.6 105.9 112 8 94.0 96.0 86.7 88.7 90.8 99.8 96.2 89,7 94.6 105.0 99.0 101.5 106.4 107.5 108.1 105.2 104.4 92.6 108.0 107.0 109.0 113. 1 108.4 110.0 101.5 108.5 89.7 106. C 107.0 101.0 104.6 85.7 116.3 94.9 120.2 97.0 111.0 99.0 107.0 106.0 103.0 103.0 105.5 90.2 96,1 120.2 91.9 115.4 109.8 40.4 70.1 118.0 96.5 78.6 82.9 75.8 106.8 105.0 114.2 94.7 88.0 95,2 111.0 103.0 97.1 117.0 97.9 70.8 86.7 111.6 102.0 110.0 105.0 107.1 130.4 125.0 82.3 96.3 113.3 98.7 110.0 103.0 106.6 124.5 124.0 108.4 98.4 102.3 82.0 100.0 104.0 96.0 96.0 97.0 99.0 88.0 96.0 94.0 97.0 95.0 92.0 104.0 104.0 109.0 113.0 119.0 120.0 98.0 81.0 77.0 81.0 99.0 97.0 104.0 98.0 93.0 88.2 86.0 81.0 87.0 96.0 96.0 99 4 96.9 103.7 104.6 122.3 122.2 122.1 117.8 110.9 122.2 117.5 108.0 92.5 99.5 109 7 99.0 94.3 94.4 101.5 94.9 100.9 73 9 93.4 100.2 106.4 110.2 104.9 114.9 101.9 103.8 102.2 106.6 105.7 92.5 89.7 110.0 105.0 109.9 121.6 128.8 139.3 101.2 112.5 92.7 110.0 99.0 103.1 108.3 120.0 140.8 97.4 99.5 87.1 111.0 101.0 102.8 110.3 118.6 140.6 92.7 85.7 80.4 113.0 105.0 105.0 120.9 139.5 150.9 90.4 102.6 95.2 116.0 108.0 102.5 120.0 125.6 143.9 79.1 95.9 91.8 114. C 111.0 114.0 113.0 112.9 110.5 134.5 123.2 120.1 77.7 141.1 124.5 113.0 112.0 112.8 116.3 70.7 98.1 117.0 118.0 115.2 129.9 121.6 78.7 120.6 119.0 104.1 130.2 108 6 105.7 96.8 114.0 108.0 116.0 108.0 97.0 92.0 102.0 93.0 92.0 72.0 52.0 87.0 114.0 178.0 251.0 179.0 152.0 101.0 97.0 88.0 90.0 78.0 84.0 84.0 76.0 122.5 118.1 122.9 126.8 124.5 129.5 123.8 129.4 84.1 82.6 83.3 94.4 94.8 115.6 105.7 99.6 111.8 111.0 111.3 116.7 118.8 131.1 129.5 129.8 96.0 114.0 84.0 133.5 118.1 131.4 98.1 109.6 122.6 133.3 146.0 143.8 144.9 137.0 144.5 136.7 142.2 139.8 142.4 149.8 145.2 158.0 154.6 157.7 163.9 92.7 117.6 111.0 106.8 121.4 95.2 96.0 103.7 132.7 142.4 143.5 142.2 123.7 118.8 114.2 129.1 111.1 98.2 88.6 Unfilled orders: General index U. 8. Steel Corporation 121.7 125.8 Stocks: General index Manfd. commodities (28) Cotton Copper (refined) 94.5 102.0 103.5 114.6 120.8 122.7 133.3 128.7 129.9 126.8 122.4 116.3 108.3 105.0 107.5 116.0 132.9 138.4 141.3 137.2 93.8 103.2 103.0 106.3 127.0 116.7 111.6 114.7 120.0 120.2 118.5 120.2 117.3 118.3 115.4 111.3 110. 7 113.7 119.7 124.0 102.5 91.4 106.2 145.5 163.1 123.8 195.9 178.8 159.1 135.8 117.7 95.5 74.7 58.6 52.4 89.5 155.1 181.4 187.7 169.8 106.4 113.9 73.1 64.8 85.4 58.4 84.2 85.2 76.8 77.1 64.4 58.6 52.0 48.5 48.4 45.8 40.3 46.1 57.8 55.4 Employment: Factories 106.6 96.3 97.8 99.9 97.6 98.1 97.1 97.4 97.6 99.9 . Prices: Farm products, to producers Wholesale, all commodities . Retail food Cost of living (including food) 87.0 83.6 91.3 90.6 87.2 84.6 82.1 98.0 91.2 96.7 101.0 98.0 98.0 99.0 92.0 98.0 88.0 99.0 97.8 93.1 91.6 100.8 Transportation : * Car loadings Freight, net ton-miles 99.8 102.2 Finance: Member bank loans and discounts Interest rate (commercial paper) . Federal reserve ratio . Price, corporation bonds Price, railroad stocks Price, industrial stocks Failures (liabilities) 94.1 98.5 107.4 112.9 116.2 90.0 93.5 100.9 99.0 104.1 96.9 96.0 96.4 99.9 103.6 108.0 86.0 96.1 117.9 133.4 86.1 91.9 122.0 132.4 106.0 106.8 87.2 80.4 94.3 76.2 80.7 91.9 71.5 83.2 90.7 81.2 89.5 89.8 81.6 92.1 91.2 81.4 90.8 91.8 76.8 81.1 91.4 73.9 71.6 91.2 75.2 76.2 91.3 77.1 74.8 90.3 74.7 75.9 91.7 74.7 77.4 93.1 71.5 72.7 78.6 76.9 93.9 93.5 71.0 83.3 93.6 79.0 86.1 93.4 106.5 98.6 94.9 100.7 99.3 99.3 97.8 99.3 101.4 107.2 105.1 105.1 100.7 102.2 99 3 97.1 97.1 96.4 102.8 99.3 94.7 97.0 96.1 95.6 95.7 95.3 96.7 97.9 96.9 97.6 98.2 99.4 97.1 96.0 96.0 96.5 104.9 107.6 103.6 102.9 104.2 103.6 101.3 101.2 101.6 102.8 102.0 102.1 103.0 105.4 104.8 105.1 104.1 103. 3 102.3 102.3 99.9 98.7 99.9 99.2 98.4 98.1 97.9 98.4 98.0 S8.0 98.0 99.3 99.3 99.3 98.7 98.0 Distribution (values): Bank debits, 141 cities Wholesale trade.. Department stores, sales Mail-order houses, sales 10-cent chains, sales .. Imports.. ... Exports • Seasonal adjustments. 74.0 71.1 158.2 94.1 108.0 137.0 150.0 105.5 112.6 136.9 95.3 111.0 128.0 147.0 102.5 107.4 97.6 102.8 106.8 105.1 104.7 95.9 101.9 109.1 106.0 106.5 96.8 92.7 111.9 101.0 103.0 110.0 113.0 109.0 107.8 119.6 98.0 106.0 115.0 125.0 114.3 105.5 132.5 95.0 106.0 120.0 138.0 108.0 106.8 117.3 95.4 99.1 112.5 162.7 171.4 102.2 126.8 112.8 89.1 113.0 174.5 214.8 95.6 123.2 92.8 86.5 115.6 171.1 193.7 120.3 142.1 96.3 105.0 113.0 140.0 104.6 108.2 149.6 99.1 105.0 116.0 142.0 108.7 97.8 164.8 95.6 105.0 113.0 142.0 117.8 110.8 98.0 101.8 129.0 97.2 95.7 105.8 121.9 92.8 95.5 116.9 169.1 193.5 112.3 120.9 92.8 96.0 115.8 164.7 191.2 106.3 123.3 95.8 95.6 115.7 170.1 204.8 129.3 161.8 91.6 103.0 117.0 147.0 106.9 95.9 168.8 98.7 104.0 132.0 144.0 109.6 111.1 165.4 92.5 104.0 144.0 153.0 98.2 102.3 140.4 94.2 108.0 153.0 148.0 98.4 99.8 149.9 100.6 106.0 160.0 144.0 107.3 100.1 156.9 96.4 120.0 154.0 165.0 99.0 111.1 161.0 165.1 97.4 100.0 105.0 107. 0 140.0 141.0 148.0 151.0 110.0 101.1 145.1 143.5 172.3 94.9 117.0 165.0 163. 6 105.0 125.3 187.2 101.3 107.0 136.0 145.8 114.1 129.3 83.0 106.4 127.0 82.0 102.9 132.4 85.2 105.8 102.4 101.5 96.1 105.2 100.0 105.0 113.6 117.3 129.2 124.6 88.4 127.3 101.6 90.9 116.0 176.0 210.4 82.5 126.9 104.4 89.2 115.0 178.9 213.6 85.2 128.4 113.2 84.7 112.3 169.6 202.1 70.3 126.6 119.0 88.9 110.9 170.3 206.1 69.8 125.6 124.8 90.0 109.8 173.8 213.4 137.3 127.3 130.6 86.5 111.0 178.5 226.9 80.1 128.3 129.8 127.6 124.8 87,0 84.5 111.3 112.0 176.4 186.0 234.5 252.6 82.5 95.8 135.4 124. 8 80.2 110.7 180.3 229.0 96.2 128.7 124.8 89.9 189.3 275.0 127.1 BUSINESS CONDITIONS IN JANUARY The index of manufacturing production for January, allowing for seasonal conditions, showed a gain over the previous month and January last year. The principal gains over a year ago occurred in the output in automobiles, rubber tires, and iron and steel. Mineral production, after adjustment for seasonal conditions, also showed gains over the previous month and January of last year. COMMODITY STOCKS Stocks of commodities held at the end of January were lower than at the end of the preceding month, but were higher than a year ago. Contrasted with a tribution of goods, as indicated by car loadings, was greater than a year ago. Wholesale trade showed larger volume than in either the preceding month or the corresponding month of 1928. All lines of wholesale business showed gains as compared with December except hardware and furniture, which declined. Wholesale trade was greater in all lines than in January, 1928, except dry goods and men's clothing, which declined, and hardware, which showed no change. Sales by department stores showed gains over both the preceding month and January of last year. Merchandise stocks, held by department stores at the end PRODUCTION STOCKS AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES [1923-1925 monthly average=100. Adjustment has been made for the seasonal movement and relative number of working days for production. Unfilled orders are principally those of iron, steel, building materials, and textiles. January, 1929, is the latest month plotted] 1923 1924 1925 year ago, stocks of textiles, lumber, and chemicals and oils, among the manufactured commodities, declined. SALES The general index of unfilled orders showed a substantial gain over the preceding month, but was lower than a year ago. All groups entering into the index showed larger forward business than at the end of the preceding month. With the exception of textiles, all groups showed declines from a year ago. New orders for basic materials and machinery and equipment placed in January was generally greater than in either the preceding month or January of 1928. The dis- 1926 1927 1928 of the month, were smaller than at the end of either the previous month or January a year ago. Sales by mail-order houses showed a seasonal decline from the preceding month, but were considerably larger than a year ago. The volume of business, transacted by 10-cent chains, also showed a seasonal decline from the previous month, but were considerably greater than a }rear ago. Sales by grocery chains showed gains over both the preceding month and January of last year. Business of other chains showed declines from December, but in all cases increased business was recorded as compared with January of the preceding year. PRICES Wholesale prices, although showing no change from December, averaged 1 per cent higher than in January, 1928. As compared with the preceding month, gains in prices for farm products, foods, metals and metal products, house-furnishing goods, and certain miscellaneous items were counterbalanced by declines in prices for hides and leather and fuel and lighting. Compared with a year ago, gains in prices for fuel and lighting, metals and metal products, and building materials were more than sufficient to offset declines in hides and leather, textiles, and house-furnishing goods. Classified by state of manufacture, prices for raw materials and finished products advanced as compared with the The cost-of-living index showed a decline from both the preceding month and January of last year. As compared with the previous month, all items showed lower prices, except fuel and light, which showed no change. As compared with last year, all items were lower except food and fuel, which showed no change. EMPLOYMENT The general index of factory employment showed a seasonal decline from the preceding month, but was 3 per cent higher than a year ago. It is to be noted that this index does not include any of the newer industries, such as aircraft, radio, rayon, etc., where employment conditions are known to be good. Compared with the previous month, declines in employ- PRICE COMPARISONS [Prices at wholesale are relative to 1926; farm prices and the cost of living are relative to the average for 1923-1925. January, 1929, is latest month plotted] 1923 1924 1925 1926 1928 1927 1923 1924 1925 1926 1927 1928 1928 1923 1924 1925 1926 1927 1928 preceding month, while prices for nonagricultural commodities and semimanufactures showed no change. As compared with last year, prices for nonagricultural commodities and finished manufactured products were higher, while raw materials and semimanufactures were lower. The index for prices received by farmers for their produce was lower than in either the previous month or January of last year. As compared with the preceding month, all price gains recorded in fruits and vegetables, grains, meat animals, and certain unclassified items were insufficient to offset the decline in the prices for dairy and poultry products. ment in food factories, textiles, lumber, paper and printing, chemicals, stone, clay and glass, nonferrous metals and tobacco manufactures were more than sufficient to offset unemployment in leather factories and automobile factories. As compared with a year ago all groups showred larger employment except textiles, leather, stone, clay and glass, and tobacco, which declined, and lumber and paper and printing, which showed no change. Factory pay-roll payments in January were likewise lower than in the preceding month, but were almost 6 per cent higher than a year ago. As compared with the preceding month, pay-roll payments were lower in all industrial groups, except leather, which showed a gain. WHOLESALE PRICES FOR SPECIFIED COMMODITIES ( Relative numbers, 1926 monthly average taken as 100. January, 1929, is latest month plotted. Data from which these charts are drawn are given on the opposite page] WHEAT, NO. 2, HARD .WINTER FLOUR, WINTER •• ••• "* •. >• * * *, . . . • »| • \ ' .* . •t . i ..' - \ N. • a *• .., • • ••' ••• 60 \M/ ,••* .. * ^ BEEF, CARCASS CATTLE, STEERS 180 ..• r •* *•< ^. , QfY * • •' .•' 100 .O.ATS CORN, NO. 2 HOGS, HEAVY HAMS, SMOKED .' • 160 % 140 •• .• I .., •• .« •'* ' •• •• •• •• .»' •'* a 120 innl lUUj •-*• 80, • », ... .•' 60 AA/ SUGAR, SUGAR, RAW 120 .. . 100 • • • • •., ... ... GRANULATED . . . . •• '' \ *. •* COTTONSEED OIL *. *' .. ..« i ... ' RUBBER, SMOKED SHEETS IOC 75 , .. 80 .* * . • .. •s 50 60 •w 140 25 \A/V vvv AAA COTTON PRINT CLOTH COTTON YARN COTTON RAW V^0(DL, '/4 BLOOD COMBING . . 120 v ••, .•( .» -J •• .•' • 80 ,-' ... .. ** .* 1 100 •• ^ VW AAA WORSTED YARNS 190 (WV SILK, RAW HIDES, PACKERS 1 .•' •• . . •• .- \ 160 L EATHER.SOLE, OAK .. *• 1 «., *•• f 130 t 100 70 Av AW. AAA- PETROLEUM LE ATHER,CHROME, CALF BITUMINOUS COAL 140 k"* ** 1 * * ** ZINC . •• . •* '.^ . . % - 100 60 COKE TIN ISO AA/ VW COPPER INGOTS PIG IRON, FOUNDRY 120 . . . ... . .. . 100 •• '•*' . ,4 80 60 L AAA STEEL BEAMS 120 AAA/ VW LU MBER,PINE, FLOORING 100 CEMENT BRICK, COMMON 1 80 i 60 AAA, AAA i\ AAA f H m m Ii ' i 1 4,: . • si i i f :3 « Si.il.i..r 19, *< •• - ... n§ ! i 1 1 N 1 1 n 1 I i WHOLESALE PRICES FOR SPECIFIED COMMODITIES NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics, no-nferrous metals from the Engineering and Mining Journal-Press, except tin, which is from the American Metal Market. All other prices are from U". *S. Department of Labor, Bureau of Labor Statistics. So far as possible all quotations represent prices to producer or at mill. EELATIVE PRICE ACTUAL PRICE (dollars) 1926 average =100 Unit COMMODITIES Decem- January, ber, 1928 1929 January, Novem- Decem- Janu- Decem- Januber, 1928 ber, 1928 ary, 1929 ber, 1927 ary, 1928 1928 FARM PRODUCTS-AVERAGE PRICE TO PRODUCER Wheat Corn. . Potatoes Cotton CottonseedCattle, beef Hogs _ Lambs _ _ . . _ . _ _. Bushel Bushel Bushel ___ Pound TonPound Pound Pound _ _ . . _ „_ . 0.982 .761 .579 .180 37.74 .0894 .0793 .1141 0.985 .802 .589 .179 38.05 .0897 .0818 .1223 1.152 .752 .936 .186 37.40 .0848 .0781 .1134 72 108 31 118 137 143 72 99 73 109 31 119 139 138 67 99 73 115 32 119 140 139 69 106 84 107 51 124 137 129 69 98 85 108 50 123 138 131 66 98 1.172 1.414 .858 .486 .574 1.059 25. 691 .205 .55 14. 175 8.780 6.275 13. 775 1.217 1.405 .915 .523 .600 1.044 28. 136 .202 .55 13. 531 9.100 8.388 15. 594 1.293 1.425 .886 .564 .932 1.085 23.227 .190 .50 15.800 8.320 6.050 12.650 77 87 118 110 80 112 117 114 120 150 73 81 93 76 92 113 113 83 111 303 117 120 149 71 95 101 79 91 121 122 87 109 332 115 120 142 74 127 114 82 90 114 129 126 114 239 112 107 163 70 85 95 84 92 117 131 134 114 274 108 10% 166 67 92 92 6.131 5.500 .039 .052 .103 .245 .245 .244 .51 .235 6.340 5.519 .038 .050 .103 .240 .245 .232 .48 .235 7.450 6.700 .045 .057 .101 .220 .230 .212 .49 .235 74 76 89 92 81 154 154 79 113 103 73 76 91 94 87 149 144 79 113 103 75 76 88 92 87 146 144 76 107 103 84 91 106 101 84 136 139 70 116 103 88 92 104 104 85 134 135 69 109 103 Pound Yard. Yard Pound Yard. __ Yard. _ _ Yard Pound Dozen pair.. .378 .078 .091 1.575 .975 2.008 1.998 4.998 10. 290 .382 .076 .090 1.575 .975 2.008 1.998 4.998 10.290 .369 .080 .098 1.425 1.000 1.935 2.093 5.145 10. 290 105 103 97 108 94 100 92 82 85 106 103 97 110 94 100 92 81 85 107 101 97 110 94 100 92 81 85 104 105 113 98 97 96 96 81 86 103 106 105 99 97 97 97 83 85 Pound.. Pound Square foot— Pound Pair Pair .226 .250 .500 .590 6.750 4.85 .205 .219 .530 .590 6.750 4.85 .261 .300 .535 .590 6.750 4.75 159 140 108 135 106 161 144 110 135 106 146 126 117 135 106 100 178 144 118 135 102 186 173 118 135 106 98 Net ton Net ton Long ton Short ton Barrel 4.006 4.547 13. 040 2.750 1.210 4.005 4.514 12. 987 2.750 1.185 4.121 4.619 13. 130 2.780 1.220 93 96 95 70 64 93 95 95 67 64 93 94 94 67 63 96 99 97 68 65 96 96 95 68 65 Long ton Long ton Long ton Pound Pound Pound Pound Pound 19. 510 17. 500 33. 000 .1584 .206 .0650 .5021 .0635 19. 260 17. 500 33.000 .1660 .213 .0665 .4916 .0635 19. 010 17. 000 33. 000 .1385 .188 .0650 .5564 .0564 94 94 94 114 108 76 78 85 95 94 94 115 108 77 77 87 93 94 94 120 112 79 75 87 92 92 94 100 99 77 90 78 92 92 94 100 99 77 85 77 M feet Thousand 37.19 12.00 36.55 11.50 35.26 12.75 83 73 82 73 81 70 79 68 78 78 Barrel Cwt- „ _ Pound Ton Cwt _._ Cwt 1.650 1.900 .179 15.500 2.488 3.250 1.650 1.900 .198 15. 500 2.450 3.250 1.683 1.800 .402 15. 500 2.525 3.250 97 9738 107 88 94 95 97 37 107 87 94 95 97 41 107 86 94 97 92 84 107 88 94 97 92 83 107 88 94 FARM PRODUCTS-MARKET PRICE Bushel Wheat, No. 1, northern spring (Minneapolis) Wheat, No. 2, red, winter (Chicago) Bushel Corn, contract grade No. 2, cash (Chicago) _. __ Bushel _ . Oats, contract grades, cash (Chicago) Bushel Barley, feeding (Chicago) ___ Bushel Rye, No. 2, cash (Chicago) Bushel Tobacco, leaf, average sales, warehouse (Kentucky) Cwt Cotton, middling upland (New York) ._ _ _ _ _ _ _ _ _ Pound _ Wool, H blood combing, Ohio and Pennsylvania fleeces (Boston) Pound Cattle, steers, good to choice, corn fed (Chicago) Cwt Hogs, heavy (Chicago) Cwt Sheep, ewes (Chicago) Cwt Sheep, lambs (Chicago) Cwt FOOD Flour, standard patents (Minneapolis) _ Flour, winter straights (Kansas City) Sugar, 96° centrifugal (New York) Sugar, granulated, in barrels (New York) Cottonseed oil, prime yellow (New York) Beef, fresh, carcass, good native steers (Chicago) Beef, fresh, carcass, steers (New York). Pork, smoked hams (Chicago) Butter, creamery, 92 score (New York) Oleomargarine, standard, uncolored (Chicago) _ Barrel Barrel Pound Pound Pound _ _ Pound _ _ _ _ _ Pound Pound Pound Pound TEXTILES Cotton yarns, carded, white, northern, mule spun, 22-1-cones (Boston) Cotton-print cloth, 64 x 60-38^"-5.35— yards to pound Cotton sheeting, brown 4/4 Trion (New York) Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston) Woman's dress goods, French, 39 inches at mills, serge Suitings, unfinished worsted — 13-ounce, mill Suitings, serge, 11-ounce, 56-58 inch Silk, Japan, 13-15 _ _ Hosiery, women's, pure silk, mill LEATHER Hides, green salted, packers' heavy native steers (Chicago) Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Leather, chrome calf, dull or bright "B" grades (Boston) . Leather, sole, oak, scoured backs, heavy (Boston) Boots and shoes, men's black calf, blucher (Massachusetts) Boots and shoes, men's dress welt tan calf oxford (St. Louis) FUEL Coal, bituminous, mine-run (composite price) Coal, bituminous, prepared sizes (composite price) Coal, anthracite, chestnut (composite price) Coke, Connellsville (range of prompt and future) furnace— at ovens. _. Petroleum, crude, Kansas- Oklahoma— at wells METALS Pig iron, foundry No. 2, northern (Pittsburgh). Pig iron, basic, valley furnace Steel billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Brass, sheets, mill Lead, pig, desilverized, for early delivery (New York) Tin, Straits (New York) _ _ Zinc, slab, western (St. Louis). _ _ _ _ _ _ _ _ BUILDING MATERIAL AND MISCELLANEOUS Lumber, pine, southern, yellow flooring, mill Brick, common red, domestic building (New York) _ Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district) _ . Steel beams, mill (Pittsburgh) Rubber, smoked sheets (New York). _ __ Sulphuric acid, 66° (New York) Wood pulp, sulphite, domestic, unbleached, news grade (New York)__ Newsprint, rolls, contract, mill _ 8 NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION [Relative numbers, monthly average, 1923-1925, taken as 100] MINERAL PRODUCTION AND RAILROAD TON-MILEAGE [Relative numbers, monthly average, 1923-1925, taken as 100] FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC-POWER PRODUCTION [Relative numbers, monthly average, 1923-1925, taken as 100] . ; '* REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES Imports of wool in January showed sizeable gains over both the preceding month and January, 1928. The consumption of wool by textile mills was likewise greater than in either prior period. Stocks of wool at the end of 1928 were about 2 per cent greater than at the end of the preceding year. ^ The consumption of cotton was considerably greater than in either prior period. Stocks of cotton held at the end of January, both at mills and in public storage, were lower than a year ago. Raw cotton exports in January showed a gain of 12 per cent over the same month of 1928. Cotton prices paid to producers were lower than in either the previous month Stocks of raw silk, both at manufacturing plants and at warehouses, were greater at the end of January than at the end of the preceding month. Warehouse stocks were greater also than a year ago, but inventories at mills were lower. The price index for silk goods showed no change from the previous month but was lower than a year ago. Imports of rayon were lower than in December but 25 per cent greater than a year ago. Rayon prices showed no change from either the previous month or January of last year. More men's and boys' suits were cut in December than in November, but a decline was registered from the output of 1927. THE TEXTILE INDUSTRIES [Relative numbers, monthly average 1923-1925, taken as 100. Where available, January, 1929, is latest month plotted] '£6 Lt | I I I I I I I I I I I I I I I I J j j I i ! I I I I I I I I I 1923 1924 1925 1926 ! ; Ii i hII ii II iIIi I i iIIi 19271928 RAW 11 I i i I i i ! i i ! i i I i i I i i I i i 1923 1924 or January a year ago, but the wholesale price for cotton, showing a decline from December, averaged higher than a year ago. Spindle activity at cotton mills, reduced to a ratio to plant capacity, was higher than in either the previous month or January of last year. Imports of silk were greater than in either period. Deliveries of silk to consuming establishments were also larger than in either the previous month or January a year ago, while machinery activity in silk mills also showed gains over both periods. 37164—29 2 ! 1 1 ! i i ! n . i i I i i I LJ ! i .' ! i i I ! i 1 1 i I i i 1923 1924 1925 1926 I I I I I I I I I I I I I I I I I I IIt 1927 1928 The production of hosiery in December showed a decline from both the preceding month and December, 1927. Net shipments of hosiery by manufacturers likewise declined from both periods. Hosiery stocks held by manufacturers at the end of 1928 were lower than at the end of 1927. Textiles spread with pyroxylin during January showed a substantial gain over both the preceding month and the corresponding month of 1928. Unfilled orders for pyroxylin-coated textiles at the end of January were greater than at the end of December. 10 METALS The consumption of iron ore by furnaces was greater in January than in either the preceding month or January of last year. Pig-iron production likewise showed gains over both periods. Wholesale prices for pig-iron, though showing no appreciable change from the preceding month, averaged higher than a year ago. The production of steel ingots was greater than in either the previous month or January of last year. Reduced to a ratio to plant capacity the output of steel ingots showed a gain of almost 9 per cent over January, 1928. Unfilled steel orders at the end of January were greater than at the end of the previous New orders for fabricated steel plate were smaller than in either the preceding month or January of last year. Shipments of cold finished steel bars showed gains over both periods. New orders for steel boilers, measured in square feet of heating surface, showed a decline from the previous month but were 25 per cent greater than a year ago. Production of steel barrels was larger than in either period. Shipments of lock washers also showed gains over both periods. New orders for machine tools were larger than in either the preceding month or January of last year, with shipments also showing gains over both prior periods. New orders for foundry equipment were like- THE METAL INDUSTRIES [Relative numbers, monthly average 1923-1925, taken as 100. January, 1929, is latest month plotted. Curve covering zinc stocks is plotted from 12 months' moving monthly averages plotted on the end month] 1923 1923 1924 1925 1926 1927 1928 1923 1924 1925 (926 1927 1928 1926 1927 1928 1923 1924 1925 1926 1927 1928 month, but showed a decline from the same month of last year. Earnings of the United States Steel Corporation for the year 1928 showed a gain of almost 18 per cent over the preceding year. The output of steel sheets by independent manufacturers showed a gain in January over both the preceding month and the same month of 1928. Reduced to ratio to capacity, steel sheet production in January was 23 per cent greater than in January of last year. Unfilled orders for steel sheets at the end of January showed a gain of 10 per cent over the previous month, but declined six per cent from a year ago. The production of track work in January was smaller than in December but greater than a year ago. wise larger than in either the previous month or January, 1928. Unfilled orders for foundry equipment at the end of January were almost three times as large as a year ago. New orders for mechanical stokers were likewise greater than in January, 1928. Domestie shipments of industrial pumps also showed gains over a year ago, while new orders and unfilled orders for industrial pumps were greater than in either the previous month or January of last year. New orders for electric hoists showed gains over both periods. Shipments, new orders, and unfilled orders for electric overhead cranes and new orders and shipments for woodworking machinery also recorded advances over both the preceding month and the same month of 1928. 11 HIDES AND LEATHER FUELS The output of bituminous coal in January showed substantial gains over both the preceding month and January of last year. Anthracite production was likewise greater than in either prior period. Prices for coal, both bituminous and anthracite, averaged lower than in either prior period. AUTOMOBILES AND RUBBER The output of automobiles, both passenger cars and trucks, showed gains of more than 70 per cent over both the preceding month and January of last year. Imports of hides and skins during January exceeded those of either the previous month or the corresponding month of last year. Increases from December of imports of cattle hides and sheepskins more than offsetting declines in imports of calfskins and goatskins. Prices of cattle hides and calfskins averaged lower than for either the preceding month or the corresponding month of last year. Leather prices, however, showed little change upper leather being slightly higher than in December and slightly lower than a THE FUEL INDUSTRIES [Relative numbers, monthly average 1923-1925 taken as 100. January, 1929, is latest month plotted where data were available] The gain in the output over a year ago of passenger cars was about 71 per cent, while the production of trucks was almost twice as large as in January of the previous year. The output of automobiles in Canada during January was more than 150 per cent greater than in January of the previous year. Domestic exports of automobiles showed substantial gains over both the previous month and the same month of 1928. Canadian exports were likewise greater than in either period. The imports of crude rubber in January showed considerable gains over both the previous month and the corresponding period of last year. The wholesale price of rubber averaged higher than in the preceding month but was about 50 per cent lower than a year ago. year ago, while sole leather was unchanged from either period. The output of sole leather was greater than for either prior period, and exports, although smaller than a year ago, greatly exceeded those for the previous month. Exports of upper leather were smaller than for either prior period. Shoe prices were the same as during the previous month but slightly higher than in January, 1928. Production of boots and shoes was considerably larger than in December and slightly larger than a year ago. Exports also exceeded those of both prior periods. More cattle, calves, and sheep were slaughtered during January than during the previous month and more cattle and hogs than in January, 1928. The number of hogs slaughtered in January, however, was slightly less than during the previous month. 12 BUILDING AND CONSTRUCTION STONE AND CLAY PRODUCTS Construction costs on the whole averaged slightly above those for the previous month but showed 110 uniform tendency as compared with January, 1928. Contracts awarded for new buildings were smaller both in square footage and in value than for either the previous month or for January, 1928, increases in contracts for commercial and industrial buildings as compared with both periods being more than offset The production and shipments of Portland cement, while slightly larger than a year ago, declined seasonally from the previous month. Stocks of cement were larger than at the end of either prior period and prices, while the same as in December, were slightly ower than a year ago. New contracts let for concrete pavements during January were slightly smaller than during the previous month despite the substantial THE AUTOMOBILE AND RUBBER INDUSTRIES [Relative numbers, monthly average 1923-1925 taken as 100. Where available, January, 1929, is latest month plotted] 300 AUTOMOBILE EXPORTS -iql. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 _ i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 n 1 1 1 1 1 1 1 I 1 1 i t 1 1 1 1 1 1 1 1 1 1 1 1 1 n 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 JOb 1921 1922 1923 1924 1926 1926 1927 19211922 1921 by declines in contracts for residential and public buildings. LUMBER AND LUMBER PRODUCTS The production of lumber was generally greater than for either the previous month or for the corresponding month of last year, declines for the previous month being recorded only in the case of California redwood and California white pine, while the output of Douglas fir, California redwood, Northern pine, and walnut was less than a year ago. Lumber shipments were greater during January in most instances than for either prior period, North Carolina pine being the only species for which shipments were less than during the previous month, while Southern pine and Douglas fir showed declines from January, 1928. New orders for lumber were also greater in most instances than during the previous month. 1921 1923 1924 1925 uiiui 1926 1927 1928 1923 .1924 1925 1926 1927 1928 . . I n l n h i l i lIlli l i i illli l l M . . i l.i.i! . i ii M il M l li ! li increase in road contracts, but were much larger than a year ago. Federal aid highways completed also greatly exceeded those finished during January, 1928 New orders and shipments of porcelain plumbing fixtures considerably exceeded those of the previous month, but were smaller than in January, 1928. Unfilled orders and stocks, on the other hand, were less than at the end of December, but much greater than a year ago. New orders and shipments for vitreous china fixtures were greater than during either prior period. Unfilled orders also exceeded those at the end either of December or January, 1928, and stocks, while less than at the end of the previous month, were greater than a year ago. New orders for terra cotta were greater both in quantity and in value than during December, the value of such orders also exceeding those of January, 1928. 13 FOODSTUFFS AND TOBACCO The visible supply of wheat at the end of January in both the United States and Canada was considerably larger than a year ago. Receipts of wheat at principal domestic markets showed a decline from the previous year, but shipments showed gains. Exports of wheat, including flour, showed declines from both the preceding month and January of last year. Prices for wheat, averaging higher than in December, were lower than a year ago. The visible supply of corn at the end of January was 7 per cent smaller than a year ago. Corn exports, including meal, were considerably greater than a year Receipts of butter at the principal markets showed gains over both the previous month and January a year ago. Storage holdings of butter at the end of January were 13 per cent lighter than a year ago. The wholesale price of butter averaged lower than in either the previous month or the same month of last year. Receipts of cheese at primary markets showed a decline from a year ago. Storage holdings of cheese were 33 per cent greater than last year. Imports of raw sugar were greater in January than in either the previous month or January a year ago. Meltings of sugar at refineries were also greater than in either prior period. Stocks of raw sugar held at THE TOBACCO INDUSTRIES [Relative numbers, monthly average 1923-1925 taken as 100. Where available, January, 1929, is latest month plotted] 1923 1924 1925 1926 1927 1928 1923 1924 1925 1926 1927 1928 1923 1924 1925 1926 f927 1928 1923 1924 1925 (926 1927 1928 ago. Receipts and shipments of corn at principal primary markets showed gains over last year. Receipts and shipments of cattle at principal markets showed a decline from last year. Local slaughter of cattle was also smaller than in January, 1928. The output of inspected beef was greater than in either the preceding month or January of last year, the indicated consumption of beef also showing gains over both periods. Exports of beef products were greater than in either the previous month or January of last year. Cold storage holdings of beef at the end of the month were considerably larger than a year ago. Prices for beef averaged higher than for last year. Receipts of hogs at primary markets were smaller than in January but shipments showed a gain. of last year, refineries at the end of January were 15 per cent heavier than a year ago. Shipments of refined sugar by refineries showed gains over both the previous month and the same month a year earlier. Imports of coffee were larger than in December, but showed a decline from a year ago. The world's visible supply of coffee at the end of January was 4 per cent greater than a year ago. Clearances of coffee for the United States showed a gain over the previous month, but were smaller than a year ago. The price of coffee averaged higher than in either the previous month or January, 1928. Imports of tea and cocoa showed gains over the previous month. Tea imports were also greater than a year ago but cocoa imports declined from the previous month. 14 TRANSPORTATION DISTRIBUTION MOVEMENT Freight carloadings in January showed a gain of almost 4 per cent over a year ago. As compared with January, 1928, increases were registered in the loadings of coal and coke, ores, and miscellaneous merchandise, all other groups showing declines. Freight car surplusages were considerably smaller than a year ago. Shipments of railroad locomotives by manufacturers were more than 50 per cent smaller than a year ago BANKING AND FINANCE Check payments outside New York City showed a gain of 13 per cent over a year ago. Loans and discounts of Federal reserve member banks at the end of Sales by mail-order houses and chain 10-cent stores showed substantial gains over January, 1928. Magazine advertising also showed a considerable gain. Advertising in newspapers was greater than in January of last year. Postal receipts in 100 representative cities were greater than a year ago. Mail dispatched by air continued to show further growth in business volume. GOLD, SILVER, AND FOREIGN EXCHANGE Receipts of gold at the mint were smaller than in either the previous month or January, 1928. The output of gold at the Rand mines was greater than in either prior period. Imports of gold showed gains over both periods, while gold exports showed declines. WHOLESALE TRADE [Relative numbers, monthly average 1923-1925 taken as 100. January, 1929, is latest month plotted. Curves are adjusted for seasonal variation] 1 WEARING APPAREL . .. I . . !l]> I . . , . I , . I , , I, i i , l M! i i l n in In l . t I HARDWARE AND FURNITURE . I ! . I i . l . . I, , l u l l i l n In h i t i i h i l i i l u I l i l n In I i i l i l t 1923 1924 1925 1926 1927 January were 5 per cent smaller than at the end of the preceding month but were greater than a year ago. The Federal reserve ratio showed a substantial gain during the month, but was lower than a year ago. Interest rates on time loans averaged higher than in either period, while call-loan renewal rates, averaging lower than in December, were higher than in January, 1928. New sales of life insurance were almost 19 per cent larger than in January, 1928. Prices for stocks, both industrial and railroads, averaged higher than in either the previous month or the same month of last year. Bond prices averaged lower than a year ago. Dividend and interest payments scheduled for February were considerably larger than a year ago. 1 1 I ( I 1 I I I I I 1924 I I I I ] 1 l_ I I I I I 1925 I 1 I 1 I 1 1 I I I I I 1926 The price of silver at New York averaged lower than in either the previous month or January of last year. Exchange on the principal currencies showed only slight change from the preceding month, the principal changes being downward. Exchange on Netherlands, Sweden, and Japan showed declines from December. Contrasted with a year ago, exchange rates were generally lower, declines occurring in the British pound, the Italian lira, the Dutch guilder, the Swedish krone, the Swiss franc, the Japanese yen, the Indian rupee, the Argentine peso, the Brazilian milreis, and the Chilean peso. Imports of merchandise showed gains over both the preceding month and January a year ago. Merchandise exports likewise showed gains over both previous periods. 15 INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production, prices, trade, etc., by commodities or groups. They consist in general of weighted combinations of series of individual relative numbers; often the individual relative numbers are also given. The function of index and relative numbers is explained on the inside front cover. All of the index numbers, except where noted, are based on the average of the years 1923 to 1925, while maxima and minima are given only since 1923, thus eliminating the abnormal period prior to 1923. Complete descriptions and figures for earlier years may be found in the following issues of the Survey (later data being available in the latest semiannual issues): Production, in the July; 1928, issue (No. 83), pages 18 to 22; stocks in the August, 1928, issue (No. 84), pages 20 to 22; new orders in the September, 1928, issue (No. 85), page 19; unfilled orders in the January, 1928, issue (No.^77), pages 22 and 23; wholesale trade in the January, 1928, issue (No. 77), page 21; mail-order and chain stores in the May, 1928, issue (No. 81), pages 20 and 21; department stores in the April, 1928, issue (No. 80), pages 20 and 21; employment, based on 1923 as 100, in the August, 1928, issue (No. 84), page 108; farm prices, in the August, 1928, issue (No. 84), page 27; wholesale prices (Department of Labor), in the November, 1927, issue (No. 75), page 24, and the June, 1928, issue (No. 82), page 23; wholesale prices, commercial, in the August, 1928, issue (No. 84), page 26; cost of living in the August, 1928, issue (No. 84), page 27, and the June, 1926, issue (No. 58), page 24. Relative to 1923-1925 monthly average as 100 1939 PEB CENT INCREASE (+) .&g OB DECBEASE (— ) Novem- Decem- January Novem- December ber ber ber anuary January, 1929, from January, 1929, December, from January, 1928 1928 114 112 109 113 116 117 + 6.4 + 3.5 + 10.5 + 10.4 106 105 108 107 103 115 92 92 99 114 100 135 124 119 113 111 119 114 103 117 80 90 99 118 126 159 150 125 109 113 123 111 104 120 87 98 92 130 129 159 143 127 116 117 117 116 103 119 92 96 134 124 + 6.4 + 3.5 -4.9 + 4.5 -1.0 -0.8 + 5.7 -2.0 + 45. 7 -4.6 + 9.4 + 11.4 + 8.3 + 8.4 0.0 + 3.5 0.0 + 4.3 + 35.4 + 8.8 159 147 131 0.0 + 2.8 + 3.1 + 17.8 + 18.5 + 10. 1 103 103 87 91 124 99 103 92 89 121 112 112 96 99 132 113 117 103 110 138 + 0.9 + 4.5 + 7.3 + 11. 1 + 4.5 + 14.1 + 3.9 + 12.0 + 23.6 + 14.0 105 109 109 95 102 105 103 93 118 115 98 115 127 105 133 110 114 91 133 106 113 103 129 100 112 91 -3.0 -5.7 -0.9 -11.7 +26. 5 -4.8 + 8.7 -2.2 92 68 101 114 71 119 88 66 92 126 71 79 96 61 107 80 89 81 93 70 98 110 77 131 92 55 95 126 78 119 96 35 102 85 95 - 87 + 4.3 -36.4 + 7.4 -32. 5 + 21.8 -26.9 0.0 -42.6 -4.7 + 6.3 + 6.7 + 6.9 45 38 60 55 11 22 168 109 107 96 231 237 121 104 74 57 148 169 98 99 100 45 81 193 179 122 94 119 258 205 152 124 69 70 206 192 114 104 94 72 100 238 -25.0 -16. 1 + 36.2 + 2.9 -51.5 + 24.0 + 16.3 + 5.1 -6.0 + 60.0 + 23.5 + 23.3 76 71 54 18 65 93 91 111 109 100 86 83 111 98 95 81 80 99 38 97 84 80 116 119 104 76 71 111 122 104 81 78 111 41 101 + 6.6 +9.9 0.0 -66.4 -2.9 0.0 -2.5 + 12. 1 + 7.9 +4.1 1928 1927 Maximuni since Jan. 1, 1923 Minimum since Jan. 1, 1923 117 117 81 83 101 99 95 99 105 106 116 117 127 121 106 119 110 139 134 130 129 162 166 131 79 82 59 77 92 91 80 47 86 92 87 84 66 93 101 98 88 112 94 110 96 47 97 107 106 140 117 122 95 99 93 105 95 113 93 53 96 105 111 137 110 113 124 120 125 133 138 134 129 124 125 123 84 90 77 1 88 0 82 93 75 85 105 101 85 105 124 49 106 107 110 100 124 421 131 148 160 187 79 26 76 68 64 44 251 205 199 266 353 266 112 112 151 161 148 PRODUCTION TOTAL INDUSTRIAL Unadjusted, except for working days Adjusted for seasonal variations MANUFACTURING Total (adjusted for working days only) Total (adjusted for seasonal variations) Iron and steel Textiles Food products Paper and printing Lumber, _ _ _ Automobiles Leather and shoes Cement, brick, and glass Nonferrous metals. . Petroleum refining Rubber tires _ « Tobacco manufactures MINERALS Total (adjusted for working days only) Total (adjusted for seasonal variations) Bituminous coal Anthracite coal Crude petroleum . Iron-ore shipments _ Copper _ ^ vr^* Zinc Lead Silver .. ANIMAL PRODUCTS (Marketings) Total Wool _ _ Livestock Poultry and eggs_ Dairy products Fish _ CROPS (Marketings) Total Grains * Vegetables * Fruits *_ _ Cotton products * Miscellaneous crops * FOREST PRODUCTS Total _ _ Lumber _ Pulpwood Gum (rosin and turpentine) *__ Distilled wood * Fluctuations between maximum and minimum due largely to seasonal conditions: Minerals and Manufacturingiareradjusted for seasonal variations except where noted. * 16 INDEXES OF BUSINESS—Continued 1938 1937 1939 PEE CENT INCREASE (+) OB DECREASE (— ) Maximum since Jan. 1, 1923 138 179 143 141 118 129 73 70 71 67 85 75 91 94 101 98 90 89 11 1 179 133 78 94 75 100 94 104 112 103 87 102 113 114 99 114 101 80 88 111 67 98 82 134 82 135 133 129 137 141 137 -2.8 + 6.2 120 129 138 152 133 125 178 123 185 155 125 88 79 78 78 74 78 64 66 77 46 84 111 81 113 123 118 123 130 70 132 109 107 112 79 127 128 119 125 154 69 133 80 109 115 85 134 141 114 119 169 68 128 99 115 114 87 118 143 125 107 136 75 156 133 107 120 96 129 147 125 113 154 77 164 132 111 124 108 124 152 125 112 173 76 157 145 114 + 3.3 + 12.5 -3. 9 + 3.4 0.0 -0. 9 + 12.3 -1.3 -4. 3 + 9. 8 + 2.7 + 7.8 + 27. 1 -7. 5 + 7.8 + 9. 6 5. 9 + 2.4 + 11.8 + 22. 7 + 46. 5 -0. 9 157 163 202 136 153 69 68 43 54 73 152 135 187 113 144 150 136 183 104 137 139 127 168 105 128 154 155 170 126 135 157 163 174 97 135 147 155 161 89 124 -6.4 -4.9 -7.5 -8.2 -8. 1 + 5.8 + 22. 0 -4.2 -15.2 -3. 1 167 154 157 204 142 Relative to 1923-1925 monthly average as 100 Minimum since Jan. 1, 1923 67 62 66 49 56 68 76 71 51 63 72 69 85 57 52 81 77 89 64 79 74 72 76 49 84 71 72 83 35 62 80 83 86 64 78 + 12.7 + 15.3 + 3.6 + 82. 9 + 25. 8 -1.2 + 7.8 -3.4 0.0 -1.3 124 119 130 128 167 128 118 125 131 82 86 87 71 43 68 82 88 72 97 100 101 88 61 110 98 113 105 85 90 103 70 48 82 90 99 83 88 85 106 85 76 94 82 106 78 99 100 117 90 66 105 98 114 110 85 88 108 69 52 59 86 120 94 93 92 116 84 75 99 82 130 81 + 9.4 + 4.5 + 7.4 + 21.7 + 44.2 + 67.8 -4.7 + 8.3 -13.8 + 5.7 + 8.2 + 9.4 -1.2 -1. 3 + 5.3 0. 0 + 22.6 + 3.8 208 64 149 167 105 176 208 132 -36.5 + 25.7 305 224 413 224 160 170 184 62 77 47 82 79 70 55 146 188 250 144 105 125 118 279 204 350 182 156 164 178 104 187 121 146 90 100 87 158 218 289 169 107 130 130 305 220 413 224 155 170 184 112 222 140 177 91 106 102 -63.3 + 0. 9 -66. 1 — 21. 0 -41.3 -37.6 -44.6 + 7.7 + 18.7 + 15. 7 + 21. 2 + 1.0 + 6.0 + 17. 2 187 117 71 83 122 116 186 96 88 91 122 113 187 92 93 88 -50.3 -4.3 + 5.7 -3.3 Novem- Decem- January Novem- Decem- January January,1929, January, 1929, from Defrom Janber ber ber ber cember, 1928 uary, 1928 PRODUCTION— Continued NEW ORDERS Total Textiles Iron and steel _ Lumber > _ Paper and printing Stone and clav products _-- _ _ _ STOCKS Grand total Total manufactured goods Food stuffs __ _ _ _ Textiles Iron and steel Nonferrous metals Lumber Stone, clay, etc _ Leather Rubber _ Paper _ _ _ Chemicals and oils Total raw materials Foodstuffs Textiles __ Metals __ _ Chemicals and oils _ __ _ __ _ _ '. UNFILLED ORDERS Total . Textiles Iron and steel _ Transportation equipment Lumber WHOLESALE TRADE Grand total, all classes Groceries Meats Dry goods Men's clothing _ Boots and shoes Hardware Drugs Furniture _ _ _ _ _ __ _ RETAIL TRADE MAIL-ORDER HOUSES (4 houses) CHAIN STORES: Ten-cent _ _ _ Grocery _ _ Wearing apparel _ _ __ Drug _ __ Cigar _ _ _ Candy _ _ __ _ Shoe DEPARTMENT STORES: Sales Stocks 17 INDEXES OF BUSINESS—Continued Relative to monthly average indicated 1929 1928 1937 PER CENT INCREASE (+ ) OR DECREASE (— ) Maximum since Jan. 1, 1923 Minimum since Jan. 1, 1923 111 119 122 113 113 117 103 107 106 109 120 113 111 92 96 92 86 85 88 94 85 84 86 90 84 83 94 101 101 88 91 94 101 93 93 89 104 84 93 93 100 101 87 88 92 102 92 89 88 99 85 93 92 97 100 86 85 96 100 91 84 86 91 87 92 95 102 97 95 90 87 101 94 89 98 101 96 94 96 102 98 95 88 88 101 95 87 99 98 95 98 95 98 97 95 85 91 100 94 82 97 86 100 103 -1.0 -3.9 -1.0 0.0 -3.4 + 3.4 -1.0 -1. 1 -5.7 -2.0 -12.2 + 5.3 + 5.1 + 3.3 + 1.0 -3.0 + 10.5 0.0 -5.2 0.0 + 3.3 -2.4 + 12.8 -5.5 + 14. 9 + 12.0 109 114 124 111 108 123 105 108 106 109 119 115 111 84 93 87 75 82 79 86 86 81 81 85 84 81 92 101 101 84 94 86 103 95 93 86 104 85 91 93 101 102 85 90 87 105 97 89 88 100 87 98 90 98 99 83 81 93 102 94 82 85 90 84 93 96 102 97 98 92 79 103 97 91 106 99 98 92 98 104 100 98 88 84 105 97 88 108 100 96 100 95 100 96 96 82 87 103 95 78 102 81 96 102 -3. 1 -3.8 -4.0 -2.0 -6.8 + 3.6 -1.9 -2. 1 -11.4 -5.6 -19.0 0.0 + 2.0 + 5.6 + 2.0 -3.0 + 15.7 + 1.2 -6.5 + 1.0 + 1.1 -4.9 + 20.0 -10.0 + 14.3 + 9.7 152 178 253 162 166 252 108 125 108 108 98 122 81 79 137 120 136 141 153 162 86 137 123 141 138 158 153 90 137 125 144 138 154 152 91 134 110 109 150 155 146 86 134 112 108 143 159 148 90 133 115 109 146 149 148 92 0.7 + 2. 7 + 0.9 + 2.1 -6.3 0.0 + 2.2 -2.9 -8.0 -24.3 + 5. 8 -3.2 -2.6 + 1.1 105 114 107 127 114 112 113 116 104 111 127 94 94 85 98 94 81 97 90 95 97 79 97 104 102 114 98 83 97 90 97 99 88 97 104 101 117 97 83 98 90 97 99 89 96 106 99 121 97 81 98 91 96 99 89 97 102 100 116 96 84 102 96 96 96 80 97 104 98 116 96 84 103 97 96 96 80 97 106 99 114 96 83 104 97 96 97 81 0.0 + 1.9 + 1.0 -1.7 0.0 -1.2 + 1.0 0.0 0.0 + 1.0 + 1.3 + 1.0 0.0 0.0 -5. 8 -1.0 + 2.5 + 6.1 + 6. 6 0.0 -2. 0 -9.0 128 103 109 106 96 93 93 93 97 95 99 95 98 95 99 95 98 94 100 94 97 97 96 95 97 96 97 95 97 97 99 95 0.0 + 1.0 + 2.1 0.0 1.0 + 3.2 -1.0 + 1.1 106 112 85 95 103 105 102 105 102 105 103 102 102 100 103 101 + 1.0 + 1.0 + 1.0 -3.8 Novem Decem- January Novem- Decem- January January, 1929 January, 1929, from Decem from January, ber ber ber ber ber, 1928 1928 EMPLOYMENT (Relative to 1926 monthly average as 100) Number employed, by industries: Total, all classes __ Food products Textiles. _ _ . _ Iron and steel Lumber Leather Paper and printing _ . _ Chemicals Stone, clay, and glass Metal products other than iron and steelTobacco products Vehicles MiscellaneousAmount of pay roll, by industries: Total, all classes Food products Textiles Iron and steel. _ _ Lumber £ Leather Paper and printing-. Chemicals _ _ _ _ _ ___ Stone, clay, and glass Metal products other than iron and steeL Tobacco products Vehicles- _ « __ Miscellaneous PRICE INDEX NUMBERS FARM PRICES (Relative to 1909-1914 average as 100) All groups Grains Fruits and vegetablesMeat animals. £)airy and poultry Cotton and cottonseed. _ Unclassified _ _ WHOLESALE PRICES Department of Labor Indexes (Relative to 1926 monthly average as 100) All commodities Farm products _ _ Food, etc Hides and leather products Textile products Fuel and lighting. __ __ _ _ Metals and metal products Building materials. _ __ _ _ Chemicals. House-furnishing goods Miscellaneous. __ Classified by state of manufacture: Semimanufactured articles Finished products Raw materials Nonagricultural commodities _ Commercial Indexes (Relative to 1926 monthly average as 100) Dun's Bradstreet's 37164—29 _ _ . 18 INDEXES OF BUSINESS—Continued Maximum since Jan. 1, 1923 172 167 186 177 179 208 123 176 Relative to monthly average indicated Minimum since Jan. 1, 1923 158 141 161 160 156 174 118 171 1938 1927 Novem- December ber PER CENT INCREASE (+) OR DECREASE (-) 1929 January, 1929, January, 1929, January Novem- Decem- January from Decem- from January, ber ber ber, 1928 1928 PRICE INDEX NUMBERS— Contd. COST OF LIVING National Industrial Conference Board Indexes (Relative to July, 1914) All items weighted Food (Department of Labor) Shelter Clothing Fuel and light (combined) Fuel Light Sundries FABRICATED 164 157 167 171 163 184 122 173 163 155 166 172 163 184 122 172 164 156 166 171 163 184 122 173 163 157 160 172 162 183 121 171 161 155 159 169 163 184 121 170 162 156 160 171 163 184 121 171 —0 6 —0 6 —0 6 —1 2 0 0 0 0 0 0 -0.6 —1 2 0 0 —4 2 —1 7 0 0 0 0 —0 8 -1.2 STRUCTURAL STEEL NEW ORDERS MONTH 1922 1923 1925 1924 1926 1927 1928 1922 1923 Short tons SeptemberOctober NovemberDecember.. Total Monthly average . 227,760 243,360 290,160 243,360 224,940 228,200 221,680 208,640 187,380 194,320 225,550 256,780 208,800 208,800 234,000 252,000 195,000 243,750 232,500 262,500 211,750 265,650 257,950 234,850 240,160 221,920 206,720 206,720 May.... June July-August. 180,960 165,360 162,240 184,080 192,340 208,640 224,940 192,340 229,020 284,540 274,130 267,190 266,400 262,800 248,400 284,400 232, 500 225,000 341,250 270,000 308,000 300,000 296,450 354,200 194,560 176,320 152,000 185,440 165,360 159,120 171,600 249,600 211,900 211,900 267,320 247,760 270,660 298,420 239,430 253,310 216,000 230,400 223,200 259,200 262,500 288,750 236,250 262,500 21,842,240 2204,693 2,442,960 203,580 2,640,600 220,050 2,980,730 248,394 2,894,400 241,200 3,052,500 254,375 1924 1925 1926 1927 1928 85 58 58 65 70 55 69 67 61 79 73 68 68 58 53 52 59 59 64 69 59 74 73 69 79 80 78 77 92 319,550 250,250 242,550 256,400 64 58 50 61 53 51 55 80 65 65 82 76 73 60 64 62 72 65 63 64 3,287,600 273,967 67 65 72 67 1924 1925 1926 1927 1928 YEAR Per cent of capacity JanuaryFebruary.. March April 195,600 189,080 202,120 221,680 190,850 201,260 239,430 246,370 234,000 216,000 277,200 277,200 195,000 198,750 217,500 228,750 204,050 173,250 227,150 238,700 May.— June July August- 221,680 237,980 254,280 231,460 253,310 256,780 274,130 267,190 270,000 298,800 298,800 280,800 228,750 255,000 255,000 281,250 261,800 261,800 265,650 288,750 September. October November. December- 254,280 247,760 211,900 202,120 267,190 291,480 246,370 263, 720 284,400 284,400 252,000 241,200 266,250 247,500 243,750 236,250 273,350 319, 550 281,050 277,200 77 84 71 76 68 68 Total 68 71 ANNUAL ORDERS Per cent of capacity Short tons 1 1 . . 213,500 93.. 215,390 218,400 1 1 . . 226,600 96.. 1917.. 231,200 1918.. 247,400 74 63 67 225,000 227,000 231,000 238,000 242,000 258,000 1,215,000 1,416,480 1,987,200 2,056,320 1,713,360 1,733,760 11. 99. 192019211922.. 1923- 55 I 58 69 71 72 Reported by 435 firms Short tons 73 74 79 77 2,669,940 2,998,080 3,214,800 2,853,750 3,072,300 222,495 249,840 267,900 237,813 256,025 1927 1928 69 70 68 64 MONTHLY CAPACITY Short tons Total Monthly average. 1926 73 78 93 78 SHIPMENTS MONTH 1925 Per cent of capacity 258,400 January... February.. March April 1924 255,800 265,100 271, 500 291,300 300,300 266,000 276,000 283,000 304,000 312,000 1,723,680 1,788,480 1,188,600 2,334,720 2,433,600 12. 94. 1925.. 12. 96. 1927_ 1928.. 313,400 329,900 343,700 363,000 373,500 326,000 347,000 360,000 375,000 385, 000 2,660,160 2,894,400 3,060,000 3,280,200 i Fabricated structural steel data compiled by the Bridge Builders and Structural Society up to April, 1922, and since then by U. S. Department of Commerce, Bureau of the Census, including reports from the Structural Steel Society. Percentages of capacity calculated from reports of the Bridge Builders and Structural Society up to April, 1922, and applied to estimated total capacity each year based on a special annual survey by the Bureau of the Census. Beginning with April, 1922, reports received from 212 firms (and in addition 30 firms now out of business) with a total capacity of 245,140 tons in 1922, 253,020 tons in 1923, 266,155 tons in 1924, 282,675 tons in 1925, 291,315 tons in 1926, 312,895 tons in 1927, and 322,960 tons in 1928, have been prorated to the estimated total capacity of the United States, 304,000 tons in 1922 and 312,000 tons in 1923, 326,000 tons in 1924, 347,000 in 1925, 360,000 tons in 1926, 375,000 tons in 1927, and 385,000 tons in 1928 for comparison with previous figures. •Nine months. 19 STEEL CASTINGS NEW ORDERS, TOTAL MONTH 1930 1921 1929 1925 1924 1923 1926 1923 1927 1920 1921 1923 1922 1925 1927 1926 1928 Per cent of capacity Short tons 126, 481 69, 872 104, 179 112, 322 108, 063 112, 399 91, 502 81, 930 101, 495 94, 938 172, 101 126, 986 83, 812 113, 770 90, 353 118, 196 93, 518 87, 556 91, 540 81, 403 91, 448 91, 076 83, 755 84, 086 65 69 103 81 32 30 26 21 37 40 51 73 98 87 133 92 52 68 94 69 76 60 61 64 80 73 81 66 75 66 62 56 62 62 57 57 78, 417 66, 437 72, 294 71, 160 84, 451 73, 785 79, 798 71, 325 73, 043 91, 199 74, 569 63, 938 86, 796 72, 107 66, 992 81, 286 80 71 66 65 19 19 17 20 76 86 68 67 91 85 57 59 59 50 40 37 57 48 53 52 60 53 57 51 50 63 52 44 59 49 45 55 76, 005 62, 198 83, 221 80, 510 91, 388 86, 957 115, 605 105, 893 69, 740 77, 836 73, 477 90, 143 52, 742 52, 160 63, 075 77, 436 82, 762 78, 860 84, 742 96, 373 67 50 44 39 24 32 40 33 94 80 67 73 55 50 50 47 56 61 67 85 45 59 63 77 50 56 53 65 36 36 44 54 56 54 58 65 997, 358 392, 165 1, 002, 0251,167, 644; 1,000, 963 981, 343 1, 039, 682 922, 919 1, 000, 283 83, 113 32, 680 83, 502 97, 304| 83, 414 81, 779 86, 640 76, 910 83, 357 67 26 68 75 62 60 62 53 57 45, 724 48, 687 62, 454 89, 822 January February.. March April 81, 290 85, 849 128, 363 101, 371 39, 608 37, 230 32, 709 26, 045 May 100, 088 88, 252 82, 188 81, 443 24, 118 95, 513 117, 834 23, 983 106, 175 109, 756 21, 830 83, 996 73, 600 25, 408 82, 613 76, 208 June July August 83, 142 62, 057 55, 313 48, 002 September ._ October November December _. Total Monthly average 116, 437 98, 319 82, 393 89, 892 29, 697 39, 847 50, 391 41, 299 71, 506 64, 677 63, 870 61, 016 79, 988 68, 019 54, 538 50, 321 RAILWAY SPECIALTIES MONTH 1924 1920 1922 1921 1923 1924 1925 MISCELLANEOUS 1926 1927 1928 1920 1921 1922 1923 1924 1925 1926 58, 954 55, 010 63, 541 63, 862 1928 1927 Short tons January. . February March April May June July August 29, 608 15, 968 26, 469 30, 147 17, 636 24,970 67, 272 13, 446 32, 112 45, 356 9,065 55,124 Mo. av 29, 658 44, 804 75, 929 49, 896 52, 392 38,299 35, 012 39, 797 53, 368 46, 485 50, 229 27, 678 53, 461 41, 355 34, 680 32, 279 41, 276 41, 096 30, 992 32, 810 51, 682 55, 702 61, 091 56, 015 23, 640 19, 594 19, 263 16, 980 19, 255 23, 717 30, 342 34, 698 62, 848 60, 127 78, 411 62, 583 40, 214 46, 698 51, 057 43, 622 51, 787 43, 631 48, 800 47, 759 54, 602 53, 583 55, 673 49, 124 50, 172 49, 980 52, 763 51, 276 28, 946 39, 455 31, Oil 21, 144 34, 995 55, 123 22, 597 56, 278 20, 483 47, 399 25, 171 43, 803 16, 013 15, 208 14, 139 15, 117 41, 381 45, 026 40, 869 49, 340 62, 697 53, 853 45, 508 24, 998 37, 498 31, 034 29, 229 28, 616 43, 540 51, 128 44, 097 42, 160 55, 605 51, 744 44, 244 48, 829 43, 558 43, 901 46, 912 42, 794 51, 801 49, 510 46, 509 56, 115 35, 234 26, 736 34, 535 43, 928 16, 557 18, 886 24, 029 20, 294 48, 331 49, 096 46, 839 49, 371 34, 478 37, 145 35, 885 33, 637 39, 913 43, 816 40, 531 51, 658 40, 930 50, 776 47, 498 52, 670 34, 346 35, 535 35, 436 38, 324 47, 528 52, 124 50, 197 52, 445 44, 965 8,105 31, 974 8,775 . . 34, 789 7,691 37, 640 10, 291 52, 132 61, 149 43, 127 33, 273 55, 137 55, 903 28, 092 34, 210 42, 490 36, 985 25, 309 21, 705 34, 877 24, 277 28, 050 27, 259 33, 323 18, 180 30, 969 24, 413 41, 187 24, 793 23, 144 18, 768 68, 106 49, 223 35, 554 40, 521 37, 028 27, 532 27, 985 27, 379 36, 092 39, 405 50, 857 63, 947 21, 268 29, 734 39, 459 53, 223 22, 761 18, 396 28, 980 16, 625 28, 678 27, 639 39, 881 39, 112 September October November December Total 63, 633 52, 272 93, 690 55, 613 13, 140 20, 961 26, 362 21, 005 41, 955 37, 264 32, 169 29, 234. 429, 643 172, 445 521, 760 558, 474 517, 077 423, 647 404, 945 384, 103 389, 863 567, 715 219, 720 478, 265 609, 170 483, 886 557, 696 634, 737 538, 816610, 420 35, 804 14, 370 43, 480 46, 540 43, 090 35,304 33, 745 32, 009 32, 489 47, 310 18, 310 39, 855 50, 764 40,324 46, 475 52, 895 44, 901 50, 868 PRODUCTION Total CAPACITY Railway specialties Miscellaneous YEAR MONTH 1926 1927 1928 1926 1927 1928 1926 1927 Per cent capacity Short tons 1928 96, 947 87, 307 95, 795 89, 170 115, 503 103, 148 113, 719 95, 036 74, 454 87, 727 93, 989 86, 016 69 69 83 81 60 51 38, 935 62 60 42, 944 71 64 49, 995 66 58 45, 718 34, 037 35, 322 41, 232 39, 189 28, 714 37, 719 38, 448 32, 619 May June July August 103, 080 99, 070 90, 897 85, 067 87, 241 88, 065 80,045 87, 418 93, 333 91, 746 78, 648 87, 742 74 71 65 61 60 63 46, 063 35, 236 61 62 36, 564 34, 596 55 53 32, 677 32, 576 60 60 28, 163 32, 397 36, 599 30, 742 27, 501 27, 157 82, 870 83, 087 88, 757 85, 067 70, 409 62, 813 59, 387 58, 708 75, 761 87, 952 82, 385 82, 203 59 59 64 61 49 43 41 40 1, 139, 859 968, 810 1, 021, 956 94, 988 80, 734 85, 163 68 56 Total Mo. av 1926 1927 1928 58, 009 52, 851 65, 508 68, 001 PER CENT OFCAPACITY i mi US'«s« H *&,£ Short tons (average monthly) 53, 333 53, 848 61, 916 55, 847 52, 005 53, 469 47, 469 55, 021 45, 740 50,008 55, 541 53, 397 1913.. 87, 800 1914.. 88,700 1915.. 92, 500 1916.. 98, 000 1917.. 107, 200 56, 734 61, 004 1918.. 111, 700 51, 147 1919. .116, 600 60, 585 1920 . 124, 800 1921.. 125, 400 51 24, 424 25, 618 25, 311 58, 446 44, 791 50, 450 1922.. 123, 300 60 26, 915 21, 947 29, 471 56, 172 40, 866 58, 481 56 25, 024 19, 146 30, 799 63, 733 40, 241 51, 586 1923.. 129, 100 56 29, 591 19, 358 26, 484 55, 476 39, 350 55, 719 1924.. 135, 700 1925.. 137, 300 427, 016 370, 654 371, 564 712, 843 598, 156 650, 392 1926. _ 139, 800 58 35, 585 30, 888 30, 964 59, 404 49, 846 54, 199 1927.. 144, 800 1928.. 147, 400 57, 017 62, 506 58, 220 56, 904 NEW ORDERS Rail- MisRail- Misway celway celTotal speci- lane- Total speci- lanealties ous alties ous Short tons January February March April September October.. November December 46, 979 48, 856 44, 799 50, 262 38, 500 38,700 42, 200 42, 400 46, 400 49, 300 50, 000 50, 300 55, 600 60, 800 60, 764 45, 814 66, 501 106, 454 95, 457 30, 638 22, 857 31, 537 59,002 40, 379 30, 126 69 80 22,957! 52 59 34, 964! 72 75 47, 452 109 139 55, 078 89 87 61 46 79 85 91 46, 400 46,600 51, 800 51, 800 54, 300 65, 300 70, 000 73, 000 73, 600 69, 000 113, 971 48, 171 83, 113 32, 680 83, 335 51, 084 16, 788 35, 803 14, 370 43, 480 62, 887! 102 110 31, 383 41 36 47, 310 67 69 18, 310 26 28 39, 855 68 80 96 45 65 25 58 57, 300 61, 500 61, 600 63, 500 66, 600 67, 700 71, 800 74, 200 75, 700 76, 300 78, 200 79, 700 97, 303 83, 413 81, 778 86, 640 76, 910 83, 357 46, 539 43, 090 35, 304 33, 745 32, 008 32, 489 50, 764 40, 323 46, 474 52, 895 44, 902 50, 868 75 61 60 62 53 57 81 71 70 54 57 61 53 69 48 57 48 64 i Compiled by the 17. <S. Department of Commerce, Bureau of the Census, from reports of 130 identical firms, including reports collected through the Steel Founders' Society. These firms have a monthly capacity of 147,400 tons, at present representing over 80 per cent of the capacity of the industry for commercial castings (as distinguised from castings used in further manufacture in the same plant), of which 67,700 tons is usually devoted to railway specialties and represents the complete capacity of that branch, while 79,700 tons is generally devoted to miscellaneous castings. New orders for 1925 were 6 per cent larger than the production of direct steel castings manufactured for sale and interplant transfer by steel works and rolling mills, and represented 83 per cent of the total of these direct steel castings and of steel castings manufactured in the foundry and machine shop industry according to the census of manufacture for 1925. Railway specialties include such items as bolsters, side arms, draft arms, couplers, and cast steel car wheels. Owing to reports from additional firms, these figures represent revisions of those shown in the Record Book of Business Statistics, Metals ana Machinery Section. This table revises all data previously shown on this subject in the SURVEY OF CURRENT BUSINESS. 20 STEEL BOILERS, NEW ORDERS GRAND TOTAL TOTAL HORIZONTAL RETURN TUBULAR WATER TUBE MONTH 1927 1928 1927 1927 1928 1928 1927 1928 STEEL HEATING 1927 MISCELLANEOUS 1928 1927 1928 Number 1,244 1,171 1,462 1,567 1,328 1,236 1,682 1,765 1,229 1,137 1,440 1,539 114 110 132 121 84 98 132 132 115 106 199 188 89 87 113 106 559 595 853 1,059 769 682 859 1,020 13 5 11 19 19 4 16 13 1,672 1,795 1,822 1,907 1,836 1, 887 1,932 2,018 1,663 1,773 1,770 1,881 1,828 1,861 1,911 2,001 122 147 113 142 114 138 138 122 169 194 189 191 141 156 148 199 1,064 1,071 1,088 1,135 1,269 1,215 1,299 1,288 7 6 16 11 13 9 8 18 _ _ _ _ _ 1,347 1,250 1,700 1,775 - - January February March April 1,597 1,538 1,459 1,246 1,749 1,803 1,660 1,343 1,575 1,529 1,445 1,223 1,731 1,793 1,650 1,321 79 72 97 80 104 86 95 72 174 124 116 117 135 160 108 71 1,023 1,062 944 750 1,151 1,195 1,055 883 11 11 18 14 17 6 43 8 19,108 1,592 19, 672 1,639 18, 870 1, 573 19, 441 1,620 1,329 111 1,315 110 1,882 157 1,513 126 11, 203 934 12,685 1,057 142 12 174 15 - _ - - - - May June July August - September October November December - - - Total Monthly average Thousands of square feet Januarv February March April May June July August September October November December 1,431 1,488 1,665 1,645 993 1,285 1,470 1,460 1,411 1, 462 1,634 1,639 974 1,084 1,448 1,406 672 795 714 714 347 525 725 595 133 142 217 233 141 123 132 128 255 286 419 522 359 320 437 536 6 2 4 9 12 1 9 9 1,529 1,524 1,984 1, 825 1,661 1,666 1,738 1,691 1,526 1,500 1,554 1,763 1,654 1,635 1,683 1,677 677 581 537 739 770 649 587 560 187 240 244 237 176 188 198 233 504 526 549 566 568 568 685 632 2 2 9 5 3 5 4 8 1,327 1,088 1,266 1,024 1,453 1,500 1,460 1,308 1,308 1,079 1,257 1,011 1,418 1,482 1,454 1,230 445 338 534 396 436 514 593 609 220 153 133 142 154 193 131 87 495 468 445 326 591 567 497 392 9 9 14 7 8 2 11 4 17, 796 1,483 _ _ _ _ 17, 685 1,474 17, 144 1,429 17, 145 1,429 7,142 595 6,910 576 2,281 190 1,884 157 5,361 447 6,152 513 78 7 76 6 - - . . -- _. - Total Monthly average • 1 Compiled by the U". S. Department of Commerce, Bureau of the Census, from reports of 72 firms estimated to represent about 90 per cent of the capacity of the industry. Data for classifications included in these totals, covering the principal types of stationary and marine boilers are given in press releases. This table revises all data previously shown on this subject in the SUEVEY OF CURRENT BUSINESS and in the Record Book of Business Statistics, Metals and Machinery Section. MALLEABLE CASTINGS 1 [Short tons] 1923 1924 1925 1926 1927 MONTH 1928 1923 - . 76, 818 75, 810 68, 306 80, 030 71, 654 74, 724 63, 057 58, 488 2 568, 887 271,111 75, 550 77, 203 80, 600 66, 923 57, 583 39, 985 36, 562 40, 188 45, 105 54, 638 51, 862 63, 523 689, 722 57, 477 71, 188 64, 825 65, 889 67, 608 65, 714 63, 343 61, 727 61,042 62, 798 73, 195 65, 248 70, 622 793, 199 66, 100 1926 1927 1928 Ratio to capacity (per cent) 66, 776 71, 161 80, 116 72, 241 65, 106 66, 358 60, 384 62, 218 63, 399 62, 321 50, 946 55, 561 76, 587 64, 716 56, 627 62, 335 72, 205 64, 612 62, 747 64, 310 53,046 57, 096 50, 807 52, 458 46, 698 53, 824 696, 765 58,064 61, 072 65, 359 70, 070 63, 380 67,003 67, 090 60, 290 68,606 62, 665 70, 054 . 63, 560 59, 432 779, 481 64, 957 73.6 69.2 61.1 68.7 62.1 63.6 52.6 47.7 62.7 65.2 68.5 56.6 48.9 34.1 31.0 33.9 38.0 45.6 43.4 52.9 262.3 48.4 SHIPMENTS January February March April May June July August _ September October November December Total Monthly average 1925 PRODUCTION Total January February March April May June July August September October November December Total Monthly average 1924 75, 214 75, 565 70, 470 76, 522 59, 649 71, 619 59, 498 55, 450 2 543, 987 2 67, 998 77, 261 70, 257 73, 916 65, 361 62, 263 44, 213 42, 109 40, 601 44, 055 49, 417 47, 934 56, 112 673, 499 56, 125 63, 980 65, 135 71, 199 70, 829 69, 721 67, 668 62, 573 60, 242 62, 347 69, 100 64,043 67, 337 794, 174 66, 181 60, 817 68, 628 76, 151 72, 322 64, 379 68, 128 60, 552 62, 420 60,067 58, 993 49, 618 49, 663 751, 738 62, 645 58.9 53.9 54.8 56.4 55.2 52.7 51.3 50.6 52.2 61.8 55.8 59.9 57.4 61.1 68.9 62.7 56.9 57.3 52.9 54.6 56.4 55.5 45.9 49.4 52.0 57.8 65.7 59.1 57.2 58.5 49.3 52.4 47.6 50.0 44.4 51.2 62.7 66.8 73.0 66.0 70.7 69.9 63.1 72.1 66.3 73.4 66.8 63.4 55.3 56.6 53.8 67.9 61, 597 68, 767 66, 376 64, 427 57, 311 54, 456 53, 484 51, 368 46, 161 48,062 43, 202 57, 579 672, 790 56,066 62, 328 64, 419 70, 288 62, 056 63, 847 61, 071 60, 964 66, 128 61, 163 65,780 59, 664 61, 319 759, 027 63, 252 NEW ORDERS 54, 747 60, 775 71, 609 66, 811 63, 385 62, 316 54, 240 57, 193 52, 722 48, 724 44, 983 49, 989 687, 494 57, 291 55, 432 61, Oil 71, 224 65, 001 65, 823 66, 737 60, 084 66, 962 61, 736 63, 510 58, 346 56, 861 752, 727 62, 727 65, 232 52, 451 51, 976 54, 731 48, 958 63, 893 50, 438 56, 828 » 444, 507 2 55, 563 88, 232 76, 221 72, 319 56, 645 39, 705 30, 191 35, 941 38, 548 53, 163 59, 946 53,304 62, 249 666, 464 55, 539 67, 312 55, 638 64, 619 66, 360 59, 232 55, 693 65, 220 56, 511 58, 098 75, 039 63, 895 63, 144 750, 761 62, 563 74, 545 67, 188 69, 174 63, 096 59, 109 55, 796 52, 455 62, 264 57, 155 55, 085 47, 345 49, 558 712, 770 59, 398 i Compiled by the U. S. Department of Commercet Bureau of the Census, representing reports from 137 establishments covering most of the industry. New orders were furnished by 133 firms. This table revises all data on malleable castings previously shown, on this subject, in the SURVEY OF CURRENT BUSINESS and the Record Book of Business Statistics, Metals and Machinery Section. 1 http://fraser.stlouisfed.org/Eight months. Federal Reserve Bank of St. Louis 21 AGRICULTURAL MACHINERY : [Relative numbers, 1923-35 monthly aver age=100] SHIPMENTS PRODUCTION Total MONTH 1933 1934 1925 1926 1927 1923 1928 1924 1925 1927 1926 1928 January. February March. April 108.9 113.5 118.0 118.1 96.1 98.9 97.4 98.5 98.5 103.6 106.6 105.8 130.7 130.7 133.4 133.5 119.6 121.4 119.1 122.7 130.7 72.4 69.9 86.4 119.0 103.7 136.5 79.5 93.2 103.2 152.2 140.4 143.9 107.2 109.0 135.6 176.4 187.4 148.3 101.3 105.1 138.4 146.3 152.3 May. June July August _ 115.9 108.0 103.3 95.6 88.6 80.1 74.6 76.3 104.9 103.4 101.9 108.0 129.4 125.8 122.8 122.6 119.3 116.7 113.8 115.6 146.0 142.6 142.5 146.1 91.8 90.2 92.9 92.9 79.6 79.3 87.6 92.6 114.9 112.9 116.9 127.0 122.3 118.8 118.5 117.1 106.2 112.4 115.0 127.5 145.5 148.5 154.6 159.1 95.8 101.1 132.0 123.5 157.2 179.2 81.7 79.6 104.9 84.7 121.5 153.4 60.5 64.3 84.5 77.0 87.3 108.2 63.4 73.0 103.8 82.8 90.7 124.3 145.4 92.1 89.8 118.2 134.0 141.1 174.2 September October. November December Mo. av.._ 104.1 87.2 108.7 125.5 117.4 107.6 88.2 121.9 113.0 90.6 126.3 109.2 98.7 138.0 113.5 104.4 142.9 Foreign Domestic 154.1 180.7 156.4 154.3 149.1 167.6 158.5 177.6 1923 1921 1925 1926 1927 115.7 81.5 75.1 85.6 119.4 105.6 168.8 86.7 97.4 108.9 147.4 133.5 216.0 117.8 107.3 142.8 176.7 185.1 187.2 107.0 100.4 137.8 147.5 154.8 186.6 219.3 211.7 21(9.7 108.9 91.0 126.6 118.6 95.2 133.9 112.7 105.0 141.9 102.9 105.3 135.7 1928 116.8 159.4 216.8 184.4 1923 1924 1925 24.6 42.5 90.8 42.1 70.8 73.1 52.1 118.3 98.0 71.2 129.6 141.4 1926 1927 1928 116.9 93.5 109.9 177.3 176.2 218.2 175.0 199.8 211.4 140.3 139.2 201.8 124.0 123.0 158.8 234.0 188.3 202.7 241.0 387.5 76.4 76.5 59.2 61.3 96.5 114.4 112.4 134.4 145.7 197.5 125.3 233.8 182.1 277.0 77. 4 100.9 81.8 110.7 129.1 109.4 91.2 125.7 99.8 178.0 63.4 81.0 68.4 80.0 79.6 67.1 69.2 103.0 121.9 125.6 71.7 95.4 80.4 82.4 88.9 74.3 79.7 147.9 95.8 133.8 354.0 280.3 257.4 294.0 92.5 90.5 117.1 132.1 136.8 160.3 155.9 191.4 162.5 141.8 153.9 176.2 158.5 166.8 186.2 100.9 73.9 96.9 144.4 222.5 83.9 66.4 86.3 124.4 206.1 90.4 65.7 117.6 124.5 187.5 169.3 99.5 180.4 219.7 90.2 86.0 123.7 143.5 163.6 245.5 i Compiled by the Federal Reserve Bank of Chicago covering 83 manufacturers estimated to represent 80 per cent of the industry. The production figures are based on the employment data of 82 firms and the figures on the value of goods shipped by 83 firms (56 reporting foreign shipments). The total shipment group is made up of three separate groups, the heavy, light, and barn equipment groups. The heavy group is comprised of threshers, tractors, and combines; the light group consists of all classes of agricultural machinery and equipment not included in the heavy machinery and bayn equipment groups. For the 3-year period, July, 1925, to June, 1928, inclusive, the average distribution of total sales were as follows: Heavy group, 45.1 per cent; light group, 52.7; and barn equipment, 2.2. Details for each class, segregated as to foreign and domestic shipments, are shown separately in the monthly summaries of the Federal Reserve Bank of Chicago. These data revise all previously shown, on this subject, in the SURVEY OF CURRENT BUSINESS and the Record Book of Business Statistics, Metals and Machinery Section. ADDITIONAL PRELIMINARY RETURNS, CENSUS OF MANUFACTURES, 1927 VALUE OF PRODUCTS INDUSTRY Pei1925 1927 cent inThousands of crease dollars (2) 80, 151 8.7 87, 129 Acids Adding machines, calculating machines, and cash registers _. 106, 845 98, 384 123, 557 127, 831 Aluminum manufactures 3,021 3,216 Artificial limbs.. ., 162, 950 175, 082 Bags, other than paper Buttons 32, 458 29, 130 Clay products and nonclay re429, 972 444, 808 fractories 85, 392 81, 790 Clocks, watches, and parts Cloth hats and caps. . 41, 214 43, 823 Compressed and liquified gases 46, 003 50, 547 C onf ectionery 391, 927 379, 081 Cast-iron pipe 95, 089 100, 919 Cordage and twine, jute goods, 122, 736 139, 122 and linen goods. __ . Corsets and allied garments 77, 218 77, 115 Cutlery (not including silver and plated cutlery) and edge tools _ _ 76, 688 80, 263 Brooms, 18, 445 21, 714 10, 904 Domestic oil burners _._ 110, 309 95, 420 Druggists' preparations Explosives __ 69, 669 72, 490 33, 971 57, 706 Ethyl alcohol Felt goods 41, 895 43, 776 Bone black, carbon black, and lamp black . 14, 262 14, 565 Files 12, 974 13, 541 Cottonseed products 275, 651 4,588 4, 536 Flags and banners Fertilizers _.. 190, 385 206, 773 Flavoring extracts and flavor94, 212 ing sirups 107, 219 Excelsior ___ _ _ _ _ _ _ 4,821 4,901 Fountain and stylographic pens. 23, 255 24, 035 Bread and other bakery prod2 ucts 1, 377, 731 1, 268, 195 Fur-felt hats 99, 300 80, 066 Furniture, store and office fixtures 879, 706 868, 146 Lithographing . 97, 050 98, 721 Generators, transformers, mo115, 130 110, 185 tors, and electric fans 208, 254 Hardware Glue and gelatin 31, 196 25, 764 31, 588 Handkerchiefs 3,571 Gold leaf 3,746 Lumber and timber products. _. 1, 214, 646 1, 421, 162 Icecream 301, 512 286, 176 58, 163 57, 666 Ice refrigerators 8,810 10,114 Jewelry and instrument cases. __ Macaroni, spaghetti, vermi45, 353 43, 489 celli, and noodles,. 7,203 6,019 Manufactured fuel. _. 164, 865 166, 816 Jewelry 184, 290 186, 969 Manufactured ice . PERSONS EMPLOYED 1927 1935 Number Per cent increase (2) 8.6 -3.3 6.4 -6.9 -10.3 14, 372 14, 798 592 11, 164 9,642 13, 296 14, 353 562 11, 404 11,513 8.1 3.1 5.3 -2.1 16 3 -3.3 4.4 -6.0 9.9 3.4 -5.8 25, 822 6,250 38, 549 63, 163 22, 892 25, 841 6,552 36, 299 63, 600 23,033 -0.1 -4.6 6.2 -0.7 -0.6 -11.8 0.1 22, 972 13, 778 24, 319 14, 525 -5.5 -5.1 -4.5 -15.1 17, 178 4,450 16, 407 4,725 4.7 -5.8 15.6 4.0 -41.1 -4.3 10, 138 5,803 1,180 5,452 -2.1 -4.2 9,685 4.7 5,697 1.9 1,395 -15.4 5.9 5,146 1,553 3,948 18, 384 -1.1 1,046 -7.9 18, 612 1,505 4,209 3.2 -6.2 1,031 19, 644 1.5 -5.3 5,011 1,272 3,360 3,890 1,300 3,490 28.8 -2.2 -3.7 8.6 171, 899 160,411 24.0 15, 927 15, 156 7.2 5.1 1.3 186, 303 180, 895 -1.7 16, 348 16, 957 3.0 -3.6 13.8 -1.6 -3.2 4.5 21.1 -4.7 -14.5 5.4 0.9 -12.9 4.3 19.7 -1.2 -1.4 47, 834 3,226 3,325 30 6,659 1,148 -0.2 1,146 418, 166 467, 090 -10.5 21,912 23, 043 -4.9 9,551 9,360 2.0 2,673 2,748 -2.7 4,587 274 24, 116 22, 089 4,560 0.6 246 11.4 23, 837 1.2 24, 915 -11.3 VALUE OF PRODUCTS INDUSTRY Per 1927 1925 cent inThousands of crease dollars (2) 134, 343 93, 636 43.5 98, 834 96, 514 21, 718 27, 588 -51.9 13, 264 1.7 19, 489 19, 170 Motion pictures Mattresses and bed springs Mechanical refrigerators Men's straw hats Men's collars, _ Mirror and picture frames Metal doors, shutters, and win50, 078 dow sash and frames.-65, 280 Motor-vehicle bodies and motor-vehicle parts 1, 151, 426 1, 523, 280 Mirrors 31, 425 34, 949 Musical instruments 75, 491 101, 181 Millinery 209, 495 Nitrogen and fixed-nitrogen compounds 29, 659 25, 254 Paper and wood pulp 1, 138, 090 Peanuts, walnuts, and other nuts, processed 55, 647 Phonographs 94, 816 61, 057 Plated ware. 56, 720 54, 330 Potassium compounds 9,228 6,071 Rice cleaning and polishing 54, 130 53, 498 Rubber goods, other than tires, inner tubes, and boots and shoes.. -_. 230, 646 219, 869 Saddlery and harness 30, 084 27, 356 Safes and vaults, not including 20, 277 18, 440 burial vaults Saws 22, 628 24, 709 Silversmithing and silverware .. 30, 204 32, 532 22, 032 Soda-water apparatus ___ 23, 929 Shirts _ _ 241, 650 225, 963 Sodium compounds _ _ _ 109, 632 109, 522 Slaughtering and meat packing, wholesale 3, 057, 216 3, 050, 286 Stereotyping and electrotyping. 25, 549 22,361 Stoves and ranges, domesticheating apparatus, and steam fittings 483, 444 493, 233 Suspenders, garters, and other elastic woven goods 26, 985 27, 504 Tin plate and terneplate 193, 894 190, 918 Textile machinery and parts 117,018 121, 653 Tin cans and utensils 253, 479 260, 360 Tin and other foils, not including gold and silver; collapsible tubes 32, 302 30, 060 Tobacco pipes 7,274 7,299 Umbrellas, parasols, and canes ._ 23, 157 27, 299 Wall plaster, wall board, and floor composition 83, 856 90, 957 Washing machines, wringers, driers, and ironing machines, 74, 951 69, 568 for household use Wood turned and shaped and 42, 091 35, 491 other wooden goods 30.4 PERSONS EMPLOYED Per cent inNumber crease (2) 8, 415 5,573 51.0 13, 474 11, 285 3,263 3,270 7,187 -54.5 4,460 4,230 5.4 1927 8,042 1925 6,791 18.4 -24.4 181,489 228, 382 -20.5 -10.1 4,308 4, 153 3.7 -25.4 16, 582 20, 079 -17.4 33, 311 -18.2 123, 360 55.3 4.4 52.0 1.2 7,345 14, 066 11,752 11, 267 11, 290 24.8 4.1 1,524 1,296 17.6 4.9 36, 876 -9.1 4,023 41, 886 -12.0 4,570 -12.0 -9.1 -8.4 -7.2 8.6 6.9 0.1 3,616 -6.4 4,710 -11.2 5,587 -12.4 2,372 19.6 49, 864 14.7 3,386 4.182 4,896 2,838 57, 216 0.2 119, 095 120, 422 14.3 4,502 4,283 -1.1 5.1 -2.0 87,664 89, 774 -1.9 1.6 -3.8 -2.6 4,061 3,835 5.9 26, 155 29, 721 27, 869 29, 901 -6.2 -0.6 7.5 -0.3 -15.2 3,642 1,807 3,308 -7.8 10, 014 -2.4 3,618 0.7 1,970 -8.3 3,731 -11.3 10, 978 -8.8 7.7 7,789 7,077 10.1 18.6 11, 856 10, 352 14.5 1 Compiled by the U". <S. Department of Commerce, Bureau of the Census, from reports collected in connection with the census of manufactures. Data for other indus tries2 will appear as they are completed. Statistics in greater detail may be obtained from the bureau's preliminary statements on the respective industries. A minus sign (—) denotes decrease. 22 TREND OF BUSINESS MOVEMENTS The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. These data represent continuations of the figures presented in the latest semiannual number (February, 1929), in which monthly figures for 1927 and 1928 may be found, together with explanations as to the sources and exact extent of the figures quoted. The figures given below should always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the end of the month referred to. For explanations or relative numbers, including base periods, see introduction on inside front cover. 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" .tfrgfrfrbJaifarA August September 1929 October November December PER CENT INCREASE (+) OR DECREASE (— ) 1928 January January Jan., 1929, from Dec., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 Jan., 1929, from Jan., 1928 1927 1928 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 TEXTILES Wool Eeceipts at Boston: Total thous. of lbs._ Domestic thous. of lbs._ Foreign thous. of lbs__ Imports: In condition imported- _ thous. of lbs._ Grease equivalent thous. of lbs._ Consumption by textile mills, grease equivalent thous. of lbs_. Stodks, grease equivalent, end of quarter: Total thous. oflbs— Held by manufacturers _thous. oflbs.. Held by dealers _ thous. of lbs._ Machinery, activity, hourly: LoomsWide per ct. of hours active-Narrow . per ct. of hours active.. Carpet and rug per ct. of hours active.. Sets of cards per ct. of hours active. _ Combs _.per ct. of hours active. . Spinning spindlesWoolen .per ct. of hours active.. Worsteds per ct. of hours active. . Prices: Raw, territory, fine, scoured .dolls, perlb.. Raw, Ohio and Pa. fleeces, Y± blood, combing, grease.-.dolls. per lb._ Worsted yarn ._ _ dolls, per lb_. Women's dress goods, French serge, 39-in dolls, per yd.. Suiting 13-oz dolls, per yd Cotton Receipts into sight thous. of bales Imports, unmanufactured _. bales. _ Exports, unmanufactured (including linters) bales.. Consumption by textile mills bales. . Stocks, domestic, end of month: Total, mills and w'houses— thous. of bales. _ Mills thous. of bales.. Warehouses _ thous. of bales.. Stocks, world visible, end of month: Total thous. of bales _ American thous of bales Prices: To producer dolls, per Ib. In New York middling dolls, per Ib 29, 720 25, 802 3,918 10, 315 7,156 3,159 8,090 4,598 3,492 12, 746 9,322 3,424 14,524 7,293 7,231 19, 673 4,532 15, 141 17, 281 +35.5 8,044 -37.9 9,237 +109. 4 +13.8 -43.7 +63.9 343, 549 219, 189 124, 360 300, 892 210,521 90,371 -12.4 -4.0 —27.3 14, 472 16, 078 14, 510 17, 015 20, 730 24,193 15, 587 18, 488 20, 293 24, 411 36, 523 38, 835 24, 759 28,353 +80.0 +59.1 +47.5 +37.0 266, 659 304, 825 244, 603 278, 255, -8.3 -8.7 43,492 51, 477 50, 079 45,888 54, 031 45, 087 551, 529 538, 354' -2.4 16, 211 411, 217 16,069 342, 996 -0.9 -16.6 9, 477, 744 7, 405, 021 8,731,933 6, 575, 685 45, 103 +17.7 +19.8 3 303, 668 3 168, 458 a 135, 210 2 309, 566 2 152, 394 2 157, 171 2 369, 816 2 158, 346 2 211, 470 -16.3 -3.8 -25.7 +1.9 -9.5 +16.2 55 48 63 77 65 59 53 62 85 74 67 66 67 93 82 70 66 68 89 81 69 55 62 83 74 69 63 65 84 83 62 52 68 78 75 0.0 +14.5 +4.8 +1.2 +12.2 +11.3 +21.2 -4.4 +7.7 +10.7 74 58 80 62 88 68 85 72 80 66 82 69 78 66 +2.5 +4.5 +5.1 +4.5 1.14 1.14 1.10 1.12 1.14 1.12 1.17 .54 1.60 .54 1.58 .54 1.58 .55 1.55 .55 1.58 .55 1.58 .50 1.43 0.0 0.0 1.03 2.008 .99 2.008 .98 2. 008 .98 2.008 .98 2.008 .98 2.008 1.00 1.935 0.0 0.0 -2.0 +3.8 509 25, 258 2,027 18, 508 3,927 27, 840 2,902 39, 213 2,343 39, 630 1,112 54, 939 915 41, 445 -52.5 +38.6 +21.5 +32.6 814, 569 1, 251, 966 1, 451, 505 1, 088, 253 534, 352 492, 221 610, 884 618, 788 815, 871 668, 389 728, 935 586, 142 -25.0 +25.1 +11.9 +14.0 259, 489 526, 729 -1.8 -4.3 +10.0 +10.5 1,971 782 1,189 3,366 720 2,646 5,831 1,195 4,636 6,820 1,567 5,253 7,056 1,741 5,315 6,383 1,768 4,615 6,722 1,709 5,014 -9.5 +1.6 -13.2 -5.0 +3.5 -8.0 3,480 1,790 4,114 2,563 6,198 4,645 7,130 5,438 7,766 5,900 7,607 5, 510 7,163 5,470 -2.0 -6.6 +6.2 +0.7 .188 .193 .176 .185 .181 .196 .178 .199 .180 .205 .179 .202 .186 .190 -0.6 — 1.5 -3.8 +6.3 28, 244 7,431 209 87.7 28, 277 6,961 196 90.6 30, 315 8,694 246 103.9 30, 597 8,524 241 108.1 30, 622 7,711 219 99.1 30,758 9,225 261 111.6 31, 717 8,263 227 101.0 +0.4 +19.6 +19.2 +12.6 -3.0 +11.6 +15.0 +10.5 14, 046 11, 574 27, 044 18, 839 10, 248 34, 836 17, 621 8,476 39, 041 18, 675 8,568 44, 752 20, 157 8,204 43, 618 18,311 8,836 43, 246 18, 934 13, 444 38, 287 -9.2 +7.7 -0.9 —3 3 -34.3 +13.0 .369 .514 .358 .501 .372 .495 .375 .511 .378 .506 .382 .510 .369 .523 +1.1 +0.8 +3 5 -2.5 284, 899 401, 953 307, 402 394, 742 492, 556 282, 763 341, 841 375, 163 347, 949 388, 634 519, 770 348, 712 279, 207 225, 189 276, 098 391, 743 468, 861 363, 206 342, 806 317, 078 345, 354 389, 195 440, 585 403, 300 297, 669 194, 114 266, 947 367, 223 313, 893 401, 676 +22.8 +40.8 +25.1 -0.7 -6.0 +11.0 +15.2 +63.3 +29.4 +6.0 +40.4 +0.4 3,676 56, 087 1 4,389 54, 248 5,840 50, 661 6,069 51, 337 6,472 34, 963 +3.9 +1.3 -6.2 +46.8 1 -7.9 -11.2 Cotton Yarn Machinery activity of spindles: Active spindles _ _ . thousands. . Total activity millions of hours Activity per spindle hours Ratio capacity. _ per cent.. Carded sales yarn: Production thous of Ibs Stocks, end of month thous. of lbs._ Unfilled orders, end of mo thous. of Ibs Prices: 22/1 cones, Boston dolls, per Ib 40/ls, southern spinning dolls, per Ib 214, 544 Cotton Goods Cotton textiles: 302, 470 Production thous. of vds 253, 688 New orders.._ __thous. of yds._ 340, 810 387, 151 324, 073 Shipments thous. of yds 278, 110 441, 667 Stocks, end of month thous. of yds 417, 245 Unfilled orders, end of mo... thous. of yds._ 288, 964 398, 005 Fine cotton goods, production.. pieces ._ 136, 237 113, 627 Cotton cloth: 3,753 Imports thous. of sq. yds_. 3,139 43, 928 Exports thous. of sq. yds._ 34, 694 2 Quarter ending in month indicated. 3 Quarter ending Dec. 31,1927. 3, 334, 232 3, 302, 466 3, 261, 613 3,563,096 3, 589, 989 3, 507, 854 +6.9 +8.7 +7.5 5, 770, 419 3, 135, 814 -45.7 63, 016 551, 846 61,248 524, 525 -2.8 -5.0 23 TREND OF BUSINESS MOVEMENTS—Continued 1938 The cumulative* shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October 1939 November December January PEE CENT INCREASE (+) OE DECEEASE (— ) 1938 January Jan., 1929 from Dec., 1928 Jan., 1929 from Jan., 1928 CUMULATIVE TOTAL FBOM JAN. 1 THBOUGH DEC. 31 1937 1938 erct. increase (+X or decrease! (-).I cumulative! 1928 from 1927 TEXTILES-Continued Cotton Goods— Continued Fabric for tire manufacture, consumption. __ thous. of lbs_. Elastic webbing, shipments thous. of dolls.. Prices: Print cloth, 64 x 60 dolls, per 3^.. Sheeting, brown dolls, per yd__ Cotton goods (Fairchild), rel. to 1911-1913.. 21, 854 1,399 17, 797 1,478 20, 295 1,624 17, 038 1,462 15, 373 1,260 1,412 16,040 1,159 .075 .091 163 .074 .089 160 .078 .090 163 .078 .090 164 .078 .091 165 .076 .090 165 .080 .098 166 -2.6 -1.1 0.0 -5.0 -8.2 -0.6 70, 748 71, 743 46, 283 35, 819 54 4.4 69, 805 74,483 45, 767 33, 410 61 6.0 83, 935 87, 175 50,984 32,046 66 6.0 82, 700 82, 657 49, 136 36, 566 65 5.5 79, 112 74, 417 47, 587 38, 678 62 5.6 82,518 87, 082 54, 576 36, 374 65 5.6 68, 737 75, 665 44, 673 40, 751 62 4.7 +20.0 +15.1 +22.2 -10.7 +4.8 +19.1 54, 495 74,682 66, 079 75, 161 77, 320 73,687 76, 289 79, 437 73, 753 83, 995 82, 259 80,212 49,826 +4.3 +17.0 +14.7 -6.0 +4.8 0.0 +11.5 -4.5 9,320 50, 821 7,202 47, 797 8,272 49, 940 7,441 47, 709 7,631 45, 026 9,105 57,349 7,405 52,420 +19.3 +23.0 50, 975 24,429 50, 464 22, 786 49, 381 26, 676 49, 806 25, 373 48,908 22, 836 49, 943 25, 778 47, 528 26,700 89.8 54.1 52.1 92.7 54.0 66.9 102.0 50.5 69.3 94.5 51.8 60.3 92.7 52.6 58.5 94.7 48.0 61.0 94.6 50.7 77.3 4.851 1.16 5.096 1.16 5.145 1.16 5.047 1.16 4.998 1.16 4.998 1.16 5.145 1.19 +2.1 +5.1 +12.9 -3.5 +2.2 +0.1 -8.7 -5.3 +4.3 -21.1 0.0 -2.9 1,248 2,976 1.50 924 2,814 1.50 1,238 2,663 1.50 1,004 2,434 1.50 1,759 2,850 1.50 1,707 1,366 2,915 1.50 2,045 1,895 666 1,601 1,852 647 1,562 1,884 711 1,515 1,543 463 1,758 1,501 304 2,207 2,021 269 394 360 385 358 404 340 4343 <297 274 262 354 294 159 161 174 <230 263 99 43,474 4 3, 735 48,656 43,207 4 4,079 3,255 3,755 8,128 3,810 3,957 3,852 4,166 7,849 4,342 3,888 3,810 4,144 7,699 4,751 4,609 3,002 3,360 7,510 3,386 4,403 3,578 3,033 7,983 3,109 5,380 1,098 1,306 1,570 1,236 1,016 1,402 1,370 1,213 1,297 1,514 1,228 1,483 4 < 4 4 1, 147 1, 168 1, 164 1, 163 4951 4873 4 1, 210 *819 1,041 937 1,253 1,428 1,022 +9.5 917 +7.3 1,202 +3.6 1,309 +74.4 +1.9 +2.2 +4.2 +9.1 1,896 1,696 1,645 41,605 4 1, 508 1,987 2,313 +31.8 -14.1 47, 766 20, 657 43,617 21,004 30,874 25, 615 31, 503 25,651 51,656 36,496 57, 109 34, 109 48, 922 39, 268 5,596 4,241 3,853 4 844 3,914 4,561 5,712 4,499 3,824 5,366 4,419 3,316 4,763 3,875 3,543 5,389 4,303 4,286 4,093 3,077 3,609 12, 110 10,244 12,576 7,960 5,553 7,081 43.6 10, 746 47.7 10,593 51.0 10,621 53.0 10,815 44.6 10,865 48.8 10,902 +12.1 +21.8 177, 979 222, 246 +24.9 16, 725 1,013,493 980, 525 593, 138 901, 194 -11.1 891, 586 -9.1 558, 750 -5.8 Cotton Finishing White, dyed and printed (outside mills): Billings, finished goods .thous. of yds._ New orders, gray yardage.. -thous. of yds._ Shipments, finished goods .cases. _ Stocks, finished goods, end mo cases.. Operating activity per ct. of capacity.. Unfilled orders, end of month days.. Printed only (mills and outside): Production thous. of yds.. Stocks, end of month thous. of yds.. Silk Imports, raw thous. of lbs._ Deliveries (consumption) bales. _ Stocks, end of month: At warehouses bales.. At manufacturing plants bales.. Silk machinery activity: Broad looms. _ per cent of normal. . Narrow looms per cent of normal. _ Spinning spindles per cent of normal. . Prices: Raw, Japanese, 13-15, N. Y_ .dolls, per lb__ Silk goods, Fairchild index. .dolls, per yd.. +27.4 +65.1 +9.4 i.o +25.0 86,379 551, 379 88,353 571, 010 +2.3 +3.6 -2.5 -3.0 794, 192 Rayon Imports . . . . thous. of lbs._ Stocks, bonded, end of month — thous. of lbs_. Price, 150 denier, A grade, N. Y_. dolls, per lb_. 16,210 12,880 -20.5 24,291 24,752 5,579 22,564 -7.1 21,844 -11.7 5,147 -7.7 Clothing Men's and boys' garments cut: Suits.. thous. of garments.. Separate trousers thous. of garments.. Overcoats •. thous. of garments.. Overalls: Cut thous. of dozen garments.. Net shipments.. thous. of dozen garments.. Unfilled orders end of mo thous. of dozen garments.. 4,327 3,801 Hosiery Production thous. of dozen pairsNet shipmentsthous. of dozen pairs.. Stocks, end of month thous. of dozen pairs.. New orders thous. of dozen pairs. _ Unfilled orders, end of mo. thous. of dozen pairs.. 44,985 45,357 41,230 42, 160 -8.3 -7.0 46,908 42, 616 -9.1 Knit Underwear Production _ _ thous. of dozen garments Net shipments thous. of dozen garments Stocks, end of mo.. -thous. of dozen garments.. New orders _ _ thous. of dozen garments Unfilled orders, end of month thous. of dozen garments.. Burlaps and Fibers Imports: Burlaps... thous. of lbs__ Fibers (unmanufactured) long tons 12, 738 13,245 13, 171 13, 340 +3.4 +0.7 13,482 13, 164 -2.4 +10.6 +16.7 -6.5 -13.1 569, 671 303,598 619, 969 313,715 +8.8 +3.3 +13.1 +31.7 +11.0 +39.8 +21.0 +18.8 42,713 32,682 61, 134 +43.1 47, 995 +46.9 170,723 134,088 -21.5 Pyroxylin Coated Textiles Pyroxylin spread.. _ .. thous. of Ibs Shipments billed thous. of linear yards Unfilled orders, end mo. thous. of linear yards.. Fur sales by dealers.. thous. of dollars.. Buttons Fresh-water pearl buttons: Production ..ratio to capacity. . Stocks, end of month thous. of gross.. «Revised. 24 TREND OF BUSINESS MOVEMENTS—Continued 1938 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September 1939 October November December PER CENT INCREASE (+) OR DECREASE (-) 1938 Jan., 1929 from Dec., 1928 January January Jan., 1929 from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1937 1938 Per ct. increase (+) or decrease (-) cumulative 1928 from 1927 IRON AND STEEL Iron Manganese ore, imports thous. of long tons.. Iron ore: Imports.. thous. of long tons.. Consumption thous. of long tons.. Stocks, end of monthTotal _ thous. of long tons. . At furnaces..thous. of long tons.. OnLakeErie docks.thous. of long tons.. Pig-iron production: Total, United States... thous. of long tons.. Merchant furnaces thous. of long tons.. Canada . thous. of long tons. . Furnaces in blast, end of month: Furnaces .. number.. Capacity.. long tons per day.. Per cent of total— per cent.. Ohio gray-iron foundries: MeltingsActual long tons.. Normal long tons . Ratio to normal per cent of normal.. Stocks, end of month.. per cent of normal.. Receipts per cent of normal. . Malleable castings: Production short tons.. Operating activity per ct. of capacity.. Shipments short tons. _ New orders - short tons.. Wholesale prices: Foundry, No. 2, northern dolls, per long ton.. Basic (valley furnace) ..dolls, per long ton.. Composite pig iron dolls, per long ton.. 26 15 26 16 21 15 9 -28.6 +66.7 309 226 4,761 211 4,608 170 5,025 223 4,897 205 4,997 180 5,195 251 4,303 -12.2 +4.0 -28.3 +20.7 2,622 52, 933 2,487 56,823 31, 754 26, 036 5,718 35, 808 29, 708 6,100 39, 555 33, 082 6,473 40,080 33,626 6,454 35,147 29,452 5,695 30, 189 24,878 5,311 33,350 27, 062 6,288 -14.1 -15.5 -6.7 -9.5 -8.1 -15.5 3,137 575 92 3,062 585 91 3,374 644 93 3,302 648 95 3,370 722 103 3,442 791 88 2,870 715 65 +2.1 +9.6 -14.6 +19.9 +10.6 +4.8 36,232 8,886 709 37,838 +4.4 7,626 -14.2 1,037 +46.3 183 98, 730 54.0 197 106, 755 58.1 197 108, 800 58.5 194 108, 575 57.6 201 110, 675 60.9 202 111, 985 62.2 185 96, 640 52.9 12, 932 12, 497 103.4 129 99 14, 586 16, 155 90.2 131 90 20, 112 19, 349 103.9 134 103 17, 249 18, 849 91.6 130 95 14, 284 18, 182 72.5 124 85 68,606 72.1 66, 962 66, 128 62, 665 66.3 61, 736 61, 163 70, 054 73.4 63, 510 65, 780 63, 560 66.8 58, 346 59, 664 59, 432 63.4 56, 861 61, 319 73, 169 77.5 77, 188 77, 091 61, 072 62.7 55,432 62,328 +23.1 +22.2 +35.7 +25.7 +19.8 +23.6 +39.2 +23.7 18.26 16.00 17.78 18.64 16.19 18.04 18.86 17.10 18.40 19.39 17.50 18.96 19.51 17.50 19.06 19.26 17.50 19.05 19.01 17.00 18.37 -1.3 0.0 -0.1 +1.3 +2.9 +3.7 12,881 14, 422 12, 551 86, 141 13, 655 17, 021 14,504 82,931 17, 953 22, 621 19, 819 78, 349 16, 846 17, 362 13, 252 77, 785 9,345 12, 281 12,096 74, 352 11,248 9,605 8,224 77, 015 9,037 11,009 11, 511 79, 400 +20.4 -21.8 -32.0 +3.6 38, 693 36, 212 31,809 182,367 26, 760 41, 989 36, 527 167, 063 30, 098 52, 505 53,522 145, 051 26, 770 36,328 28, 502 135, 889 12, 542 25,368 26, 268 122,487 32,938 17, 888 15,866 136, 986 15, 914 16, 951 15, 753 13, 770 18, 092 16, 533 12, 853 23,062 23,394 10, 825 19, 219 16, 931 6,670 13, 932 14,798 209 -32.4 -5.1 +7.3 +9.2 +0.5 +1.2 +15.9 +2.1 +17.6 13,977 16, 097 86.8 129 88 184, 766 223,441 194,040 +5.0 197, 329 -11.7 696, 765 779, 481 +11.9 687, 494 672, 790 752, 727 +9.5 759, 027 +12.8 +24.5 -12.8 -28.6 -3.0 245, 340 226, 795 226, 131 158, 048 -35.6 162, 562 -28.3 157, 694 -30.3 24, 743 +162. 6 19, 292 -29.5 18, 230 -39.6 120, 522 +11.8 +33.1 -7.3 -13.0 +13.7 278, 267 257, 461 251, 679 339, 781 +22.1 335, 734 +30.4 337, 876 +34.2 14, 512 9,407 8,998 12, 581 +117. 6 10, 661 -32.5 9,990 -39.2 +15.3 -11.8 -9.9 177, 430 162, 041 164, 608 160, 341 161, 489 168, 068 48, 714 +10.6 +8.0 Oast-Iron Boilers and Radiators Round boilers: Production . thous. of Ibs . Shipments ...thous. oflbs.. New orders thous. of Ibs . Stocks, end of month thous. oflbs.. Square boilers: Production . thous. of Ibs . Shipments. ..thous. oflbs.. New orders . .thous. of Ibs _ Stocks, end of month thous. of lbs_. Radiators: Production ..thous. sq. ft. heating surface.. Shipments thous. sq. ft. heating surface.. New orders ..thous. sq. ft. heating surface.. Stocks, end of month thous. sq. ft. heating surface.. Gas-fired boilers: Shipments dollars.. Shipments.. thous. B. t. u . Production thous. B. t. u__ Stocks, end of month thous. B. t. u_. -9.6 -0.3 +2.1 77, 267 72, 902 63, 082 54, 776 47, 572 52, 599 288, 954 239, 048 168, 547 778, 337 395, 265 322,000 169, 376 622, 687 351, 367 274, 760 187, 196 596, 143 250, 315 202, 868 233, 073 598, 518 153, 744 128,380 83,300 581, 451 115, 100 88,463 202, 075 704, 044 4,148 88 100 4,648 91 109 4,259 87 108 4,019 85 103 4,489 88 116 3,991 81 84 +11.7 +3.5 -12.6 +12.5 +8.6 +38.1 3,698 17, 418 3,751 19, 399 3,673 17, 365 3,977 16, 423 4,109 4,276 11,900 +3.3 -3.9 75, 761 51 25, 311 50, 450 87, 952 60 29, 471 58,481 82, 385 56 30, 799 51,586 82, 203 56 26,484 55, 719 93, 410 64 35, 689 57, 721 74,454 51 28, 714 45, 740 +13.6 +14.3 +34.8 +3.6 +25.5 +25.5 +24.3 +26.2 968, 810 1, 021, 956 +5.5 370, 654 598, 156 371, 564 650, 392 +0.2 +8.7 82, 762 56 35, 234 47, 528 78, 860 54 26,736 52, 124 84, 742 58 34,545 50, 197 96, 373 125, 800 86 66, 293 59, 507 91,448 62 41, 276 50, 172 +30.5 +32.3 +50.9 +13.5 +37.6 +38.7 +60.6 +18.6 922, 919 1,000,283 +8.4 43, 928 52, 445 384, 103 538, 816 389, 863 +1.5 610, 420 +13.3 318, 907 101.0 369, 243 103.5 358, 402 104.8 302, 182 95.1 391, 404 109.9 316, 541 89.6 +29.5 +15.6 +23.7 +22.7 3, 287, 276 3, 947, 953 +20.1 146, 832 44, 519 322, 876 370,936 539, 960 150, 600 49, 800 354, 925 344, 614 525, 161 174, 028 63, 014 307, 790 346, 041 565, 739 191, 429 66, 750 296, 687 323,421 592, 094 198, 874 63, 739 362, 229 438, 390 652, 602 170, 453 59, 508 274, 126 302,921 694, 197 +3.9 -4.5 +22.1 +35.5 +10.2 +16.7 +7.1 +32.1 +44.7 -6.0 3, 152, 173 3, 354, 694 3,780,096 +19.9 3, 794, 626 +13.1 96, 589 -25.1 +19.2 86, 892 -31.1 +1.8 132, 733 +142. 6 +52.2 846, 845 +21.1 -16.9 2, 663, 937 2, 153, 533 1, 943, 973 Crude Steel Steel ingots, production: United States, total thous. of long tons.. 4,178 Ratio to capacity _.. per cent.. 82 Canada .. thous. of long tons 89 U. S. Steel Corporation: Unfilled orders, end of month . _ thous. of long tons. . 3,624 Earnings thous. of dolls.. 18, 597 Steel castings: ProductionTotal short tons 87, 742 Ratio to capacity per cent . . 60 Railroad specialties short tons 27, 157 Miscellaneous short tons _ . 60, 585 New ordersTotal _ short tons 81, 286 Ratio to capacity per cent.. 55 Railroad specialties short tons. . 25, 171 Miscellaneous short tons 56, 115 Sheets, black, blue, galvanized, and full finished: ProductionTotal net tons 329, 396 Ratio to capacity per cent.. 92.8 Stocks, end of monthTotal _ _ net tons . 154, 461 Unsold _. net tons,. 51, 636 324, 691 New orders net tons 254, 397 Unfilled orders, end of month net tons.. 498, 023 43, 398 49, 857 +14.9 907 1,241 +36.8 164, 297 193, 203 +17.6 25 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1928 1929 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 Perct. in- crease or de- August September October November December January crease Jan., 1929 from Dec., 1928 Jan., 1928 +1.3 +2.8 -0.2 +21.3 +17.4 +10.8 +15.7 +3.7 6, 630, 569 7, 397, 785 +11.6 6, 624, 753 7, 403, 726 +11.8 -9.6 +7.1 160, 631 139, 645 -13.1 +31.2 +32.4 1.80 2.47 0.0 +0.1 0.0 +0.8 0.0 +2.8 +5.6 +3.2 January Jan., 1929 from 1927 1928 cumulative 1928 from 1927 IRON AND STEEL— Continued Crude Steel— Continued Steel barrels: Production barrels 677, 313 Ratio to capacity . . percent 57.8 Shipments barrels.. 675, 600 Stocks, end of month . barrels . 57, 544 Unfilled orders, end of month barrels __ 1, 064, 358 Track work, production . short tons. 11, 040 Iron, steel, and heavy hardware 215 sales rel. to Jan., 1921 Lock washers, shipments . thous. of dolls.. 282 Wholesale prices: Steel billets, Bessemer. .dolls, per long ton 32.00 Iron and steel, comp.. .dolls, per long ton.. 34.93 1.85 Structural steel beams dolls, per 100 Ibs Composite finished steel-dolls, per 100 Ibs.. 2.48 558,492 475, 906 563, 647 4 551, 113 48.4 47.1 43.7 48.0 474, 159 568, 353 4549, 913 548, 581 46, 465 56, 376 45, 365 54, 353 957, 117 1, 357, 443 1, 661, 710 1, 351, 797 593, 255 50.2 595, 640 55, 059 996, 820 10, 767 656, 021 56.4 661, 009 50, 071 823, 872 207 257 236 269 210 255 32.00 32.80 35.48 33.00 35.92 1.85 2.52 1.90 2.52 1.90 2.53 1.90 2.55 242, 550 63 281, 050 73 246,400 265, 650 69 273, 350 71 211, 750 55 204, 050 53 +7.8 +7.8 0.0 0.0 +25.5 +25.5 +34.0 +34.0 32, 724 41 11, 055 50, 276 35, 787 45 11, 101 45, 010 -19.1 -19.6 -27.0 +25.5 -8.6 -8.9 -0.4 +11.7 1, 244 4 993 -20.0 -5.0 +25.2 -13.6 19, 108 17, 796 19, 672 17, 685 2,713 +16.3 +8.2 +7.0 +33.7 +20.3 +29.0 31,106 35, 043 +12.7 35, 974 +17.0 35.17 1.85 2.50 9,996 9,332 221 290 157 219 33.00 36.20 33.00 36.24 33.00 35.27 11,061 8,379 9,493 +22.4 +22.9 Fabricated Steel Products Structural steel, fabricated: New orders (prorated) short tons _ Ratio to capacity per cent Shipments (prorated) short tons.. Ratio to capacity per cent.. Steel plate, fabricated, new orders: Total. . short tons Ratio to capacity _ _ _ . per cent _ Oil-storage tanks short tons Steel bars, cold finished, shipments. short tons.. Steel boilers, new orders: Quantity.. number Area _. thous. of sq. ft . Steel furniture: Business group— Shipments. ..thous. of dolls.. New orders thous. of dolls Unfilled orders, end mo.thous. of dolls.. ShelvingShipments thous. of dolls New orders thous. of dolls Unfilled orders, end mo. thous. of dolls.. Iron and steel: Exports long tons Imports long tons Enameled Ware Baths: Shipments _ .pieces. . Stocks, end of month... pieces.. New orders pieces. . Unfilled orders, end of month pieces. . Lavatories: Shipments _ pieces. . Stocks, end of month pieces.. New orders , pieces Sinks: Shipments pieces. . Stocks, end of month pieces.. New orders pieces.. Miscellaneous sanitary ware: Shipments pieces Stocks, end of month pieces. . New orders pieces.. Small ware (all except baths) : Unfilled orders, end of month pieces.. Enameled sheet-metal ware: Shipments dozen pieces Porcelain flat ware: New ordersTotal thous. of sq. ft Ratio to capacity per cent.. Shipments— Total .thous. of sq. ft Ratio to capacity per cent.. 4 350, 4350 91 288, 750 319, 550 83 273, 350 71 250, 250 65 319, 550 83 47, 245 60 24, 807 42, 993 40, 281 50 18, 572 43, 893 53, 983 68 23, 960 50, 867 4 4 4 4 2, 018 1, 691 2,565 4 4 1, 749 1, 453 4 54, 418 68 32, 381 46, 902 4 4 64 273, 4350 71 4 4 4 40, 4441 51 15, 152 40, 045 4 4 4 1, 343 1, 308 1,075 1,243 1,917 1, 803 1, 500 3,117 3,611 2,410 3,626 3,906 2,579 3,248 2,000 1, 660 1, 460 3, 052, 500 3, 284, 050 +7.6 2, 853, 750 3, 068, 450 +7.5 497, 707 532, 810 +7.1 210, 974 408, 369 242, 763 +15.1 504, 908 +23.6 +3.0 -0.6 2,619 2,118 2,754 2,689 2,062 2,095 836 863 734 678 800 754 954 959 760 916 875 721 791 829 757 971 1,099 819 680 769 680 +22.8 +42.8 +32.6 +42.9 +8.2 +20.4 7,264 7,351 9,297 +28.0 9, 601 +30.6 287, 297 54, 062 228, 056 47, 685 256, 870 50, 176 256, 886 50, 038 221, 810 41, 628 274, 296 45, 573 205, 766 49, 903 +23.7 +33.3 +9.5 -8.7 2, 180, 970 552, 907 2, 862, 997 +31.3 589, 716 +6.7 103, 878 122, 167 96, 876 68, 263 86, 342 134, 749 76, 074 53, 303 939, 174 147, 656 90, 665 44, 842 68,783 58, 425 175, 104 63, 756 39, 182 69, 415 188, 738 66, 991 35, 073 4 165, 738 72, 677 45, 561 71, 519 155, 418 78, 190 36, 473 +18.8 +7.8 +5.1 —10.5 -2.9 +21.4 -14.3 —3 8 114, 070 161, 276 102, 140 94, 383 168, 211 89, 126 99, 250 180, 651 91, 575 79, 218 195, 323 81, 693 71, 607 207, 940 68, 293 81, 701 230, 527 80, 614 4 86, 529 202, 755 93, 951 +14.1 +10.9 +18.0 -5.6 +13.7 -14.2 116, 497 216, 338 111, 740 230, 725 110, 396 89, 309 242, 837 92, 490 73, 623 258, 426 74, 700 93, 321 276, 037 86, 866 4 93, 158 234, 675 4 96, 509 +26.8 96,830 101, 777 216, 255 99, 749 54, 003 95, 958 41, 692 44, 910 103, 509 44, 707 46, 129 116, 110 43, 899 44, 159 125, 108 37, 852 34, 971 128, 259 28, 838 41, 197 137, 588 42, 036 4 111, 258 2,854 2,676 3,159 3, 193 174, 072 155, 483 129, 154 358, 811 352, 484 417, 387 6,233 6,551 58 49 4 4 4 4 1, 131, 207 1, 116, 352 -1.3 1, 146, 867 1, 220, 800 +6.4 1, 251, 657 1, 265, 220 +1.1 1, 272, 225 1, 369, 278 +7.6 1, 313, 952 +6.8 +16.3 +0.2 +17.6 -10.0 1, 317, 163 +0.2 1, 335, 008 1,426,336 +6.8 39, 744 131, 427 4 39, 798 +17.8 +7.3 563, 731 558,671 -0.9 +45.8 +3.7 +4.7 +5.6 558, 381 562, 623 +0.8 100, 160 -5.8 +11.1 4 4 30, 760 130, 873 118, 100 328, 875 324, 445 319, 871 3, 916, 930 4, 193, 867 +7.1 7,428 6,839 66 61 5,101 45 5,421 45 73,108 70, 967 -2.9 6,108 54 7,700 6,602 59 5,153 46 5,473 76, 818 72, Oil -6.3 65,164 89, 222 96, 528 90, 427 114, 272 71, 335 78, 342 -37.6 92, 955 74, 253 1,402 4 11, 243 98,065 92, 971 76, 757 1,505 11, 333 85, 798 75, 252 1,125 4 9, 867 62, 533 j 53, 442! 928 4 8, 048 82, 976 67, 297 1,080 68, 840 +32.7 +20.5 +25.9 +18.6 44, 238i 50, 723 55 5,495 4 68 46 Machinery Vacuum cleaners, shipments number. . Washing machines, shipments: Total number Electric _ number Water softeners, shipments .units . . Water systems, shipments units. . Pumps: Domestic shipmentsPitcher, hands, etc units. . Power, horizontal type units.. Steam, power, and centrifugalNew orders. .. thous. of dolls Shipments.. thous. of dolls _ Unfilled orders, end mo.thous. of dolls. _ < Revised. 4 50, 953 2, 531 4 1,579 1,520 3,023 4 4 80, 770 1,187 10, 190 42, 538 2, 017 4 1,405 1,369 3.056 4 4 42, 315 2, 732 4 1,708 1,634 3,128 4 37, 563 2, 093 4 2,084 1,494 3,714 4 4 56,728 2, 124 2,265 1,424 1,593 3, 538| 3,800 1,695 1,481 4 1,268 7, 943 1, 038, 614 1, 019, 460 944, 506 775, 661 18, 118 100, 843 -14.8 -0.2 50, 408 1, 591 +14.7 +6.6 +42.4 +0.6 521, 653 13, 133 1,137 1,138 3,112 +19.0 -7.0 +7.4 +49.1 +30.1 +22.1 17, 179 16, 799 4 -1.8 1,000,204 +16.4 -1.5 4 7,930 -8.9 +5.9 820, 430 +5.8 16, 189 -10.6 117, 736 +16.8 550, 386 +5.5 25, 980 +97.8 17, 998 17, 364 +4.8 +3.4 26 TERND OF BUSINESS MOVEMENTS—Continued 1929 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August Septem- October November ber December PER CENT INCREASE (+) OR DECREASE (— ) 1928 January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 Per ct. increase (+) or decrease (-) cumuative 1928 from 1927 CUMULATIVE TOTAL ROM JAN. 1 THROUGH DEC. 31 1928 1927 i IRON AND STEEL— Continued Machin cry— C ontinued Agricultural machinery and equipment: Shipments219.7 Total rel. to 1923-25 187.5 Domestic rel to 1923-25 Foreign rel to 1923-25 387.5 Production rel. to 1923-25 146.1 Foundry equipment: New orders rel. to 1922-24 278.0 154.1 Shipments rel to 1922-24 Unfilled orders, end of mo.-rel. to 1922-24_. 467.2 Stokers, mechanical, sales: Quantity number 162 Power horsepower.. 51, 572 Machine tools: 241 New orders rel to 1922-24 Shipments rel to 1922-24 208 Unfilled orders, end of mo.-.rel. to 1922-24.. 428 Electric hoists: New orders — 402 Quantity number Value . dollars . . 180, 365 Shipments dollars.. 193,248 Electric overhead cranes: Shipments thous of dolls 564 821 New order thous. of dolls.. 1,952 Unfilled orders, end of mo— thous. of dolls.. Woodworking machinery: 1,641 New orders thous. of dolls.. Cancellations .thous. of dolls.. 6 2,058 Unfilled orders, end of mo— thous. of dolls. . Shipments . ..thous. of dolls.. 1,436 Shipments number of machines.. 1,170 Electric industrial trucks and tractors: Shipments, domesticR Tractors number of vehicles _ All other types number of vehicles.. 85 Exports number of vehicles . 6 Fire-extinguishing equipment, shipments: Motor vehicles number. _ 125 Hand types . ._ ..number.. 47,490 Patents issued: Total, all classes _. . _ number.3,390 Agricultural implements number. _ 29 Internal-combustion engines number 43 ' 179.2 145.7 354.0 145.5 153.4 129.1 280.3 148.5 108.2 79.6 257.4 154.6 4123.9 493.8 4280.8 4168.1 155.0 142.3 229.5 171.5 170.0 129.7 529.5 185.0 254.3 462.6 197.8 264.0 403.9 166.5 234.6 333.8 180.5 177.3 336.1 161 65, 060 100 27, 219 116 30, 938 102 49, 212 97 42, 392 265 205 441 284 221 504 290 242 563 274 245 596 292 255 676 447 228, 510 172,986 405 209, 594 202,829 522 258, 867 215, 863 475 188, 693 211, 815 533 253, 194 213, 663 346 160, 852 133,842 464 713 2,188 806 775 2,165 701 725 2,189 623 559 2,092 852 1,383 2,547 432 358 1,735 1,639 26 2,265 1,413 1,050 1,585 140 2,035 1,666 1,170 1,295 21 1,838 1,502 985 1,360 36 1,792 1,353 957 1,949 50 2,367 1,420 998 11 102 » 5 109 20 9 117 6 10 126 17 121 19 5 98 9 143 42, 193 139 49, 128 126 41,954 100 41, 596 90 45,067 73 43, 175 3,039 40 42 4,323 59 67 3,494 39 63 3,309 34 54 3,835 47 51 3,504 +25.1 +51.7 -18.3 +2.0 +8.4 132.7 116. 4! -24.4 +0.7 120.6 -4.9 75 26, 572 -13.9 +6.6 218 +4.1 149 293 +13.4 +34.0 +21.8 +108.8 +31.2 +12.2 +34.2 +0.9 +36.8 +147. 4 +21.7 +43.3 +38.9 +32.1 +5.0 +4.3 +54.0 +57.4 +59.6 115.7 116.8 109.9 130.7 u § 1,456 1,130 920 51 +36.0 +52.3 +178. 7 +29.3 +59.5 1,374 483, 602 1,490 508,687 +8.4 +5.2 +33.9 +71.1 +130. 7 +97.2 +286. 3 +46.8 3,293 5,245 +59.3 1, 619, 782 2,447,970 +51.1 1, 540, 300 2,263,935 +47.0 9,308 7,126 -23.4 7,976 7,598 -4.7 +70.2 +117.4 +62.6 +25.7 +8.5 15, 037 182 -60.0 -20.0 -0.8 +27.6 +11.8 +111. 1 -10.0 +23.3 +8.3 +4.4 +15.9 +9.4 +38.2 +4.4 0.0 -5.6 135 994 130 1,434 588, 583 106 -21.5 1,215 +22.2 145 +11. 5 1,315 -8.3 557, 317 -5.3 41, 731 616 777 42,375 +1.5 496 -19.5 640 -17.6 +26.6 +30.6 +25.9 +24.1 +54.5 +0.8 829, 978 968, 657 1, 476, 506 1, 694, 346 824, 844 523, 572 909, 051 +9.5 1,060,094 +9.4 1, 627, 849 +10.3 1, 916, 471 +13.1 983, 460 +19.2 550,080 +5.1 15,508 12, 243 16,961 +12.8 325 +78.6 16, 216 +4.6 12,022 -18. NONFERROUSIMETALS Copper Production: 85, 382 4 85, 577 78, 341 Mines ... short tons.. 86, 480 76, 952 103, 386 85, 795 100, 720 103, 137 Smelter short tons . 88, 517 Refined (N. and S. America) . _ .short tons.. 143, 560 137, 018 149, 199 155,448 147, 905 World production, blister short tons.. * 161, 838 4 157, 518 < 176, 623 4 183, 813 4 179, 240 84,889 88, 707 100, 371 99, 822 83, 398 Domestic shipments, refined short tons . 38, 635 36,190 45, 168 Exports . . short tons.. 45, 171 41, 186 Stocks (North and South America), end of mo: 45,648 65, 466 51, 812 52, 153 Refined short tons . 54, 793 244, 854 4 249, 995 238, 923 239, 142 241, 732 Blister short tons .1584 .1472 .1520 .1578 .1453 Wholesale price electrolytic dolls per Ib Wire Cloth 86, 681 68, 469 101, 151 77, 429 154, 472 122, 723 178, 083 4 143, 546 100, 135 64,824 52, 523 52, 095 62, 749 250, 096 .1660 96, 476 223, 560 .1385 46 412 1,064 37 30 449 425 1,189 414 315 +1.3 -2.2 +4.4 -0.6 +18.0 +35.9 -4.2 0.0 +4.8 -35.0 +11.9 +19.9 +8.5 +2.7 +5.4 -3. -3.2 -10. -10.3 -9. -32.7 -4. 430 387 1,120 408 285 403 423 1,099 412 320 466 442 1,068 419 266 423 395 1,092 422 425 391 1,099 419 449 457 453 459 482 469 48 441 +3.e ..long tons. 7,200 6,883 6,475 7,145 7,155 8,79 5,415 +22. S +62. long tons long tons long tons dolls, per Ib. 18, 456 1,718 6,584 4 4. 808 19, 924 3,508 8,187 .4807 20,907 4,598 8,048 4. 4901 22, 067 3,603 6,221 4. 5085 24, 563 2,428 5,250 4.5021 24,23 2,61 9,49 .491 15,244 2,518 5^727 4.5564 Reports in operation, end of month... number. Per cent of total per cent Production short tons Stocks, end of month short tons Ore, Joplin district: Shipments _. short tonsStocks, mines, end of month short tonsPrice, slab, prime western dolls per Ib * Revised. 66, 428 57.4 52, 157 44,41€ 61,96£ 53.4 49, 361 47,91£ 59,832 51. t 50, 25£ 46,068 61, 544 53. C 50, 26C 46,542 61,544 53.0 50,591 45,441 63,31 54. 49,70 45,41 72,204 57.0 52,414 42, 163 -2.£ +2.8 -1.7 -OJ -12. -4. —5. +7. 43, 466 39, 302 .062£> 41,42$ 48, 47^ .062, 41, 16f > 53,20f ) .062,) 49, 24 51, 01, .062* 79,308 25,760 .0635 48,77 27,30C .063 37, 612 49, 905 .0564 -38.*> +6.() 0.() +29. -45. +12. 5,463 5,042 5,226 4,909 -4.3 -2.6 +10. Production . Shipments Stocks end of month New orders Unfilled orders end of mo Make and hold orders, end of month thous. of sq. ft.. thous of sq. ft thous of sq. ft thous of sq ft thous of sq. ft thous of sq ft 30 4,719 Tin Deliveries (consumption) Stocks, end of month: World visible supply United States Imports. Wholesale price, Straits, N. Y -1.3 +59. +7.£ +3. +80. S +65. -2.1 -11. 72,490 78,865 71,20 80,508 +13.1 +8.8 Zinc 613, 548 61»,595 689, 03e 597,382 -13.3 +1.0 27 TREND OF BUSINESS MOVEMENTS—Continued 1939 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October November December PER CENT INCREASE (+) OR DECREASE (— ) 1928 January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Peretincrease ( } or-t decrease (-) cumulative 1928 from 1927 NONFERROUS METALS-Continued Lead Production . short tons.. Ore shipments: Joplin district short tons.. Utah short tons.. Receipts in U S ore short tons . Stocks, U S and Mexico, end mo short tons. . Price, pig, desilverized, N.Y dolls, perlb.. 53, 403 55, 167 58, 118 58,021 * 57, 225 58, 897 54, 406 +8.3 687, 273 651, 130 -5.3 6,125 78,811 53, 575 156, 976 .0625 9,326 65, 353 51, 978 155, 482 .0645 10, 514 71,887 55, 610 152, 746 .0650 9,102 91, 538 55, 660 156, 879 .0639 10, 374 67, 395 53, 953 161, 460 .0650 6,097 71,412 53, 881 155, 270 .0665 7,463 75,855 55, 970 157, 417 .0650 -41.2 -18.3 +6.0 -5.9 -0.1 -3.7 -3.8 -1.4 +2.3 +2.3 104, 099 822, 352 660, 125 98, 683 853, 817 638,337 -5.2 +3.8 -3.3 4,756 939 3,817 5,308 999 4,309 5,796 1,191 4,605 5,630 1,274 4,357 4,986 837 4,149 6,093 1,217 4,877 4,929 894 4,034 +22.2 +23.6 +45.4 +36.1 +17.5 +20.9 60, 112 13, 108 47,004 59, 677 12, 338 47, 339 -0.7 -5.9 +0.7 325, 688 147, 470 161, 034 17, 184 448, 155 188, 711 216, 481 42, 963 579, 715 244, 512 270, 417 64,786 469,884 197,028 242, 561 30, 295 528, 391 199, 785 275, 400 53, 206 322, 284 135,704 145, 252 41,328 283,049 114, 059 146, 786 22, 204 -39.0 +13.9 -32.1 +19.0 -47.3 -1.0 -22.3 +86.1 5, 458, 232 4,822,010 -11.7 2,028,983 1, 963, 904 -3.2 3, 130, 703 2,473,896 -21.0 298, 546 384, 210 +28.7 127, 797 142, 487 150,845 139, 183 153,813 152, 258 131, 792 112, 923 103, 290 . 102,802 151, 106 165, 745 125, 536 149, 304 +33.8 +20.4 +61.2 +11.0 1, 668, 725 1, 688, 162 37, 846 44, 377 55, 850 50, 606 56, 469 54, 596 36,042 23, 567 40, 649 36, 896 32,678 35, 689 +12.8 +56.6 +24.4 +3.4 425, 080 421, 161 3232,878 +6.6 +21.1 926, 725 +2.9 Other Metal Products Babbitt metal, consumption: Total apparent thous. of lbs._ Direct by producers thous. of lbs_. Sale to consumers __thous. of lbs__ Band instruments, shipments: Total .dollars Cup mouthpieces dollars. _ Saxophones dollars. _ Wood wind dollars. _ Pails and tubs, galvanized: Production dozens. . Shipments dozens. . Other galvanized ware: Production dozens.. Shipments _ dozens. _ 33, 553 34, 012 1, 795, 625 1,763,401 +7.6 +4.5 515, 428 +21.3 481, 421 +14.3 Electrical Equipment Electrical mfrs., new orders 2 2 281, 988 (quarterly) thous. of dolls. . 264, 466 Electrical porcelain, shipments: 92, 359 Standard dollars.. 111, 803 112, 210 128, 255 152, 143 SpeciaL dollars.. 129,813 129, 587 148, 999 146, 476 129, 835 649, 599 493, 067 539,810 518, 956 440, 079 High tension .dollars 4,328 Glazed nail knobs thous. of pieces. . 4,213 5,257 3,767 5,350 2,401 1,614 Unglazed nail knobs .thous. of pieces.. 3,042 2,644 2,796 2,542 Tubes thous. of pieces. . 2,807 1,997 2,694 3,111 Laminated phenolic products, shipments dollars. _ 1, 356, 179 1, 243, 476 1,365,690 1, 139, 205 1, 062, 194 Outlet boxes and covers, shipments pieces. . 3, 049, 567 2, 915, 560 3, 123, 321 3, 071, 288 1, 784, 587 Vulcanized fiber: 591 577 Shipments total thous. of dolls. . 649 568 585 2,805 Consumption thous. of Ibs. _ 2,362 2,748 2,971 2,731 122, 124 126, 151 156,243 163, 491 128, 077 Industrial reflectors sales .. units 2,138 2,384 2,151 Power cables shipments thous of ft 2,197 2,405 1,029,483 +11.1 924,437 1, 091, 391 1, 713, 685 1, 553, 294 6, 147, 103 29, 426 41, 071 12, 943 21, 963 14, 588 22, 844 77, 212 115, 394 408, 401 3,363 1,091 1,127 +18.1 -9.4 +39.6 +69.7 +56. 6 677, 861 2, 139, 038 7, 823, 380 12, 282, 199 +57.0 27, 050, 375 32, 795, 023 +21.2 663 2,355 137,417 1 710 8,912 7,450 -16.4 28, 851 32, 875 +13.9 1, 534, 634 1, 539, 606 +0.3 24 041 Electrical Equipment Flexible cord: Shipments thous. of ft Stocks end of month thous. of ft Welding sets, new orders: Single operator units Multiple operator units Panel boards and cabinets, shipments (quarterly) thous. of dolls Nonmetallic conduits, shipments._thous. of ft_. Electric furnaces new orders kilowatts Manufactured mica: Shipments thous. of dolls Unfilled orders, end of mo —thous. of dolls .. Delinquent accounts, electrical trade: Amount dollars .. Delinquent firms number 51,062 47, 351 43, 854 44, 193 54,973 43, 214 63, 726 39, 013 44, 544 41, 461 35,082 51, 396 228 8 234 7 297 58 218 24 291 90 128 7 6,960 6,493 2 1, 357 7,376 4,226 8,804 4,719 247 285 302 326 1,564 4,733 8,109 259 254 10, 769 283 290 7,543 7,171 267 244 167, 136 1,384 141, 101 1,223 163, 281 1,257 147, 737 1,107 170, 226 1,107 131, 447 1,056 184, 500 1,361 -22. £ -4.6 233, 907 205, 793 28, 114 402, 154 350, 617 51, 537 231, 728 205, 646 26,082 +71.9 +73.5 +70.4 +70.5 +83.3 +97.6 AUTOMOBILES * Production: United StatesTotal number of cars. _ 461, 298 4 415, 293 400, 593 4358, 872 Passenger cars number of cars 60, 705 Trucks number of cars. _ 56, 421 Canada31, 245 Total number of cars 21, 193 24, 274 Passenger cars... number of cars.. 16, 572 6,971 Trucks - number of cars. _ 4,621 Exports (assembled): From United States49,007 Total number of cars.. 30, 559 32, 815 Passenger cars number of cars 22, 494 16, 192 Trucks number of cars. . 8,065 From Canada11,011 Total number of cars 8,670 7,985 6,279 Passenger cars number of cars 3,026 Trucks number of cars__ 2,391 Shipments (General Motors Co.): 186, 653 167, 460 To dealers number of cars To users number of cars.. 187, 463 148, 784 2 Quarter ending in month indicated. * Quarter ending Dec. 31, 1927. 2 397, 112 339, 976 57, 136 4 4 256, 933 217, 254 39, 679 4 4 4 284 305 18, 536 13, 016 5,520 11, 769 8,154 3,615 9,425 6,734 2,691 21, 501 17, 164 4,337 46, 524 29, 951 16,573 46,893 29,684 17, 209 29, 954 20,945 9,009 37, 665 24, 631 13, 034 9,705 6,696 3,009 8,783 4,906 3,877 6,646 4,510 2,136 8,971 5,640 3,331 120, 876 140,883 3821 8,085 2,937 527 251 1,620 182 +15.3 +90.5 +32.8 +266. 7 +9 7 +20.1 2,830 +74.7 297 +63.2 3,247 113,846 5,043 +55.3 89,343 -21.5 64, 132 -28.8 -22.4 3, 401, 326 4, 358, 150 +28.1 2, 946, 601 3,827,260 +29.9 454, 725 530, 890 +16.7 8,463 +128. 1 +154. 1 6,705 +154. 9 +156. 0 1,758 +61.2 +146. 7 179, 054 146, 827 32, 227 242, 382 +35.4 196, 741 +34.0 45, 641 +41.6 32,060 20,476 11, 584 +25.7 +17.5 +17.6 +20.3 +44.7 +12.5 384, 195 278, 748 105,447 507, 954 +32.2 369, 073 +32.4 138, 872 +31.7 3,502 1,838 1,664 +35.0 +156.2 +25.1 +206. 9 +55.9 +100. 2 57, 414 39,900 17, 514 79, 748 +38.9 55, 972 +40.3 23, 776 +35.8 1, 810, 806 +15.9 1,842,443 +18.5 127, 580 125, 181 +260. 0 +1.9 1, 562, 748 35, 441 47, 587 104,488 107, 278 +212. 4 -2.6 1, 554, 577 33, 442 91,410 4 Revised. * See table on p. 9 of the February, 1929, issue for earlier data. 28 TREND OF BUSINESS MOVEMENTS—Continued 1938 The cumulative^ shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September 1929 October November December 1928 January January PEE CENT INCREASE (+) OR DECREASE (— ) Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 AUTOMOBILES— Continued Accessories and parts: ShipmentsOriginal equipment.. rel. to Jan., 1925.. Replacement parts rel. to Jan., 1925 Accessories rel. to Jan., 1925 Service parts rel to Jan , 1925 Exports ...thous. of dolls.. Rim production thous of rims New passenger-car registrations: Total number of cars._ Highest price group number of cars Second highest group number of cars.. Third highest group .number of cars.. Lowest price group number of cars.. Miscellaneous ._ number of cars. . 230 176 147 148 13, 858 2,319 218 185 122 140 10, 079 2,316 200 184 91 141 17, 522 2,115 163 149 78 122 13, 151 1, 213 164 131 73 120 11, 182 1,101 329, 827 11, 482 76,968 76, 158 164, 682 537 271, 782 11, 600 60,730 61, 579 137, 403 470 284, 656 12, 264 56, 936 59, 451 155, 514 491 212, 065 7,950 35,084 52, 294 115, 981 756 154, 603 6,914 27,966 37, 283 82,045 395 41, 108 1,552 1,618 41, 301 1,410 1,577 50, 360 1,702 1,497 46, 041 1,695 1,617 163 137 79 142 7,604 1,812 20, 068 1,835 +79.5 +163. 9 +66.7 +1.3 106, 343 20, Oil 143, 610 +35.0 24, 243 +21.1 2, 623, 538 3, 133, 196 +19.4 128, 138 +16.4 110, 125 654, 627 +2.2 640, 708 832, 974 +25.8 662, 258 1, 195, 806 1, 509, 897 +26.3 7,560 -48.4 14, 641 135, 843 6,817 32, 515 43, 330 52, 630 551 FUELS Coal and Coke Bituminous: ProductionUnited States thous. of short tons Canada thous of short tons Exports thous. of long tons. . Consumption — By vessels thous. of long tons By electric-power plants thous of short tons By railroads thous. of short tons By coke plantsUnited States thous. of short tons.. Canada thous. of short tons Stocks held by consumers thous. of short tons PricesMine aver, (spot) -dolls, per short ton.. Wholesale, comp.. dolls, per short ton.. Retail, composite. dolls, per short ton_. Anthracite: Production thous. of short tons Exports thous. of long tons Stocks, end of mo. in yds of dealers no. of days' supply PricesWholesale, comp. ..dolls, per long ton__ Retail, composite. dolls, per short ton.. Coke: Production, U. S.— Beehive thous of short tons By-product thous . of short tons _ _ Production, Canada. -thous. of short tons.. Exports thous. of long tons Price, furnace, Connellsville dolls per short ton Crude petroleum: Production thous. of bbls . Stocks at end of monthTotal (comparable). thous. of bbls.. Tank farms and pipe lines thous. of bbls Refineries thous of bbls CaliforniaLight thous. of bbls Heavy thous. of bbls Imports thous. of bbls Consumption (run to stills) .thous. of bbls.. Refinery operation per ct. of capacity Price, Kansas-Oklahoma dolls, per bbl__ Oil wells completed number MexicoProduction thous. of bbls Exports . thous. of bbls VenezuelaProduction thous. of bbls Exports thous. of bbls . Gasoline: Production— Raw (at refineries) thous. of bbls.. Natural gas (at plants) -thous. of bbls. _ Exports. thous. of bbls Consumption thous. of bbls._ Stocks, end of month— 1 Raw (at refineries) thous. of bbls.. Natural gas (at plants) -thous. of bbls.. PricesWholesale, New York.. -dolls, per gal.. Retail, wagon 50 cities— .dolls, per gal.. Retail distribution, 41 States.thous. of gals.. Kerosene: Production thous. of bbls Exports thous. of bbls Consumption. thous. of bbls . Stocks at refineries, end mo_thous. of bbls.. Price, 150° water white dolls, per gal.. * Revised. 356 313 333 3,441 7,403 3,421 7,627 3,828 8,433 6,194 269 6,180 270 6,726 294 41,100 4 42,400 43, 380 1,519 1,093 +18.6 +16.4 -16.1 +7.9 319 -5.6 -11.0 284 334 301 3, 740 8,084 6,830 296 917 3,838 6,595 284 4 44, 208 1,698 850 51, 456 6,168 257 +2.8 +1.4 +13.8 +16.7 1.74 4.009 8.74 1.81 4.019 8.84 4 1.83 4.020 8.96 4 1.85 4.008 9.07 1.81 4.006 9.11 1.85 4.005 9.09 4 1.85 4.093 9.21 +2.2 0.0 -0.2 6,036 265 8,554 405 7,457 306 6,226 259 7,337 298 5,690 233 +17.8 +15.1 +28.9 +27.9 57 53 13. 040 14. 93 13.040 14.98 13.040 15.06 13.040 15.07 12. 987 15.06 13. 130 15.08 -0.4 -0.1 312 3,959 194 77 421 4,219 210 100 416 4, 133 205 121 398 4,317 213 98 479 4,360 221 104 376 3,897 182 65 +20.4 +1.0 +3.8 +6.1 +27.4 +11.9 +21.4 +60.0 4 2.78 2.88 2.88 2.91 2.87 2.75 * 76, 404 79, 662 76, 031 79, 448 81, 979 367, 619 368, 431 372, 913 4 326, 852 40, 767 327, 902 40, 529 330, 395 42, 518 4 16,524 98, 529 6,908 77, 149 81 1.210 1,195 16, 995 99, 975 6,807 79,520 78 1.210 1,059 19, 196 99, 738 8,075 76, 830 76 1.185 1,205 0.0 74, 115 2,884 76, 137 +2.7 3,213 +11.4 80,096 2,982 76, 734 2,983 7,207 43, 885 1,981 719 4,376 -39.3 47, 715 +8.7 2,308 +16. 5 1,037 +44.2 -4.2 0.0 -1.1 72, 713 +3.2 +12.7 359, 260 +1.2 +3.8 317, 680 41, 580 +0.8 +4.9 +4.0 +2.2 20, 493 94, 327 6,145 69, 067 72 1.220 764 +13.0 -0.2 +18.6 -3.4 -2.6 -2.0 +13.8 -6.3 +5.7 +31.4 +11.2 +5.6 -2.9 +57.7 2.75 77, 829 368, 816 * 366, 750 326, 399 42, 417 4 367, 907 4 328, 101 39, 806 326, 153 40, 597 4 4 4 4 18, 310 95, 057 6,141 81, 582 83 1.210 1,247 16, 870 96, 563 7,140 4 79, 894 84 1.210 1,192 4,047 2,212 3,716 2,244 3,904 2,731 3,724 2,199 9,478 8,615 10, 520 9,283 11,291 9, 660 12, 270 10, 010 34, 335 3,983 4,506 22, 602 33, 066 608 40, 648 741 .180 .160 807, 565 .180 .160 777, 079 4,908 2,087 4 2, 545 4 8, 886 .080 4,968 1,229 4 3, 632 4 9, 001 .078 4 11, 521 9,982 33, 907 3, 929 3,675 26, 644 4 3,748 1,808 9,031 8,933 34, 101 3, 445 4,452 33, 336 4 27, 075 414 4 4 4 -1.3 -1.1 -0.1 288 3,995 191 70 4 -5.9 54 12. 853 14.76 4 3,834 41, 336 0.0 -2.2 -1.3 6,883 278 4 4,076 51,500 41,800 4 4 492, 755 -4.8 17,487 +0.3 14, 439 -10.3 41, 888 3,695 8,304 7,021 300 517, 763 17,427 16, 095 .180 .160 988, 358 5,389 1,653 4 3, 269 4 8, 887 .072 4 4 33, 669 3, 488 4,670 29, 722 4 4 4 26, 378 436 .180 .163 915, 036 4 5, 060 2,068 4 3, 264 4 8, 593 .086 4 4 34, 403 3, 731 3,919 30, 680 4 4 4 16, 670 97, 097 6,703 79, 607 82 1.210 1,224 4 4 4 26, 640 402 .180 .163 896, 934 4 5, 190 1,749 4 3, 469 4 8, 614 .082 33, 171 3, 769 4,610 26, 052 4 4 29, 185 404 4 4 4 4 -0.1 901, 129 900, 364 58, 383 828, 835 79, 583 +36.3 912, 713 +10.1 14, 442 12, 540 -13.2 64, 121 48, 421 4 770 2,955 50, 144 -21.8 33, 622 -30.6 6,994 6,837 -6.1 -0.3 +64.7 +46.0 64, 437 54, 593 108, 099 +67.8 100, 617 +84.3 27, 981 3, 405 3,692 20, 778 +1.3 +1.4 +22.6 -15.2 +22.7 +17.0 +22.0 +8.8 330, 435 38, 657 43, 103 297, 780 377, 183 +14.2 42, 286 +9.4 52, 422 +21.6 328, 832 +10.4 37, 368 740 +22.9 +21.9 +8.8 +0.1 .178 .160 .170 .143 612, 219 1.1 0.0 +4.7 +11.9 8, 777, 249 9, 724, 013 +10.8 4,700 1,896 2,956 8,865 .077 « 5, 058 4 2, 350 4 2, 799 4 7, 670 .070 -5.4 +54.3 -18.6 -1.5 -1.3 -7.1 -19.3 +5.6 +15.6 +10.0 56, 114 19, 278 37, 491 60, 156 +7.2 21, 494 +11.5 37,008 -1.3 4 4 4 4 29 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September PER CENT INCREASE (-f ) OR DECREASE (— ) 1929 1938 October November December 1938 January January Jan., 1929, from Jan., 1928 Jan., 1929, from Dec., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1938 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 FUELS— Continued Coal and Coke— Continued Gas and fuel oils: Production thous of bbls C onsumption— By vessels thous of bbls By electric pow. plants. thous. of bbls__ By railroads thous of bbls Stocks at refineries, end mo thous. of bbls Price, Okla. 24-26, refineries.dolls. per bbL. Lubricating oil: Production _ .thous. of bbls __ Consumption thous. of bbls.. Stocks at refineries, end mo.thous. of bbls.. Price, cylinder oil dolls, per gal Asphalt: Production thous. of short tons Stocks, end of month. thous. of short tons_. Imports___ _ -thous. of short tons.. Coke: Production thous. of short tons Stocks, end of month -thous. of short tons.. Wax: Production _ thous. of lbs_. Stocks, end of month thous. of lbs_. 4 37, 390 4 37, 004 4 36, 941 4 35, 771 37,293 36,838 433,013 -1.2 +11.6 393, 066 425, 755 +8.3 4,564 612 4,087 4 39, 236 .650 4,053 612 4,363 4 39, 900 .650 4,558 621 4,877 4 39, 599 .650 4,235 632 4,490 4 37, 878 .650 4,235 844 3,915 876 -7.6 +3.8 +3.5 +48.7 +5.0 32, 522 .625 -6.9 0.0 +6.1 -21.9 50, 050 6,779 48, 703 51, 126 7,121 34, 926 .625 3,783 589 4,047 4 30, 665 .800 2.891 2,035 7,711 .229 2,833 1,995 7,742 .236 2,979 2,123 7,830 .240 2,748 1,763 7,921 .246 2,993 1,699 8,340 .271 2,945 1, 521 8,649 .299 4 2, 654 4 1, 592 4 7, 988 .245 -1.6 -10.5 +3.7 +10.3 +11.0 31, 701 21, 669 34, 659 23, 136 +9.3 +6.8 316 226 13 306 4203 4 320 213 11 4244 228 11 170 236 11 188 229 12 4202 4249 7 +10.6 -3.0 +9.1 -6.9 -8.0 +71.4 3,419 3,298 -3.5 156 102 -34.6 136 402 119 <402 125 4404 131 4419 132 437 138 404 103 4331 +4.5 -7.6 +34.0 +22.1 1,145 1,425 +24.5 50, 428 4 85, 417 54, 546 4 92, 814 56, 665 103, 949 54, 685 110, 344 58, 885 4 55, 378 123, 521 4 149, 725 +7.7 +11.9 +6.3 -17.5 584, 347 630, 144 58, 345 45, 338 43, 748 4 91, 860 "World shipments plantation long tons 39, 732 44, 058 36, 624 Imports (including latex) long tons_ . 30, 874 48,819 62, 224 55, 351 58, 302 Consumption by tire mfrs thous of Ibs World stocks, end of month: 4 228, 185 ^201,078 4 198, 481 4 178, 876 World total long tons 61, 957 68, 995 68, 851 United States long tons 66, 421 4 35, 755 4 35, 243 27, 966 4 22, 328 Europe . long tons 17, 687 Producing countries long tons 21, 828 16, 589 34,500 109, 400 74, 500 67, 900 Afloat long tons 76, 700 Wholesale price, smoked sheets, .193 .187 .182 New York dolls per pound .182 90, 150 43, 519 41, 604 48, 134 39, 108 43, 709 +32.3 +47.2 602, 196 426, 257 514, 995 646, 802 +7.4 435, 989 +2.3 600,423 +16.6 -3.5 +33.1 4 54, 429 4 79, 622 4 4 +&3 +22.0 +2" +7.8 RUBBER Crude Rubber 230, 497 66, 166 24, 161 37,870 102, 300 57, 586 36, 540 276, 670 110, 243 69, 594 27, 453 69, 380 .179 .400 Tires and Tubes Pneumatic tires: Production Stocks, end of month ShipmentsDomestic Export Inner tubes: Production . . Stocks, end of month ShipmentsDomestic Export Solid and cushion: Production Stocks, end of month ShipmentsDomestic Exports thousands thousands 5,607 7,539 5,101 7,324 5,495 8,640 4,556 9,434 4,204 10, 218 4,026 7,491 48, 536 58, 539 +20.6 thousands thousands 6,131 179 5,191 168 4,096 191 3,539 209 3,201 242 3,924 132 46, 199 2,017 53, 781 +16.4 2,022 -0.2 thousands thousands 6,264 10, 466 5,327 10, 158 5,197 11, 464 4,198 11, 820 3,888 12, 087 4,086 9,760 52, 697 60, 175 +14.2 thousands thousands 6,886 132 5,245 121 4,138 108 3,618 133 3,466 178 4,469 90 53, 556 1,198 56, 574 1,315 thousands thousands 52 149 43 151 47 153 36 151 32 152 37 164 570 514 thousands thousands 49 5 42 2 43 3 34 3 28 3 31 3 509 63 478 -6.1 43 -31.7 4,613 764 2,598 1,251 688 39.1 4,966 780 3,179 1,007 1,085 40.0 5,914 609 4,009 1,296 1,222 31.2 2,447 1,025 984 797 2,177 600 874 703 773 29.6 21, 996 6,515 21, 632 -1.7 10, 746 +64.9 21,289 21, 451 21, 932 18, 686 15,811 17, 682 200, 308 235, 152 +17.4 11, 642 9,244 729 49, 511 9,207 9,199 875 49, 751 9,813 9,580 1,262 50, 111 8,602 7,921 1,317 48, 691 7, 321 5,586 1,108 50, 903 10, 786 6,314 793 43, 796 102, 165 83, 493 10, 944 117,028 +14.5 94, 131 +12.7 11, 404 +4.2 3,461 2,725 2,297 2,649 4 2, 771 3,431 27, 162 37,645 +38.6 2,209 917 46 5,633 1,703 893 29 5,501 1,655 958 328 5,212 1,906 885 63 4,723 4 1, 730 4805 4143 4 4, 534 2,243 916 675 3,148 18,607 7,945 1,014 22, 478 +20.8 10, 990 +38.3 2,452 +141.8 6,306 1,888 2,068 2,360 193 583 5,393 1,412 1,731 2,250 186 754 5,837 1,387 2,026 2,424 216 559 5,201 1,203 1,811 2,186 201 566 188 623 5,630 1,388 2,257 1,984 218 433 i +5.6 +9.8 -9.8 Other Rubber Products Rubber-proofed fabrics: ProductionTotal thous of yds Auto fabrics thous of yds Raincoat fabrics thous. of yds All other thous of yds New orders auto fabrics thous of yds Production, relative to capacity, .per cent_. Rubber heels: Production thous. of pairs Shipments— To shoe manufacturers. thous. of pairs. _ To repair trade thous of pairs For export thous of pairs Stocks, end of month thous of pairs Rubber soles: Production thous. of pairs.. Shipments— To shoe manufacturers.thous. of pairs.. To repair trade thous of pairs For export thous. of pairs Stocks, end of mouth thous. of pairs.. Mechanical rubber goods, shipments: Total thous. of dolls Belting.. ... . . . thous. of dolls . Hose thous. of dolls All other thous. of dolls Rubber bands, shipments thous. of Ibs.. Rubber flooring, shipments thous. of sq. ft._ < Revised. 30 TREND OF BUSINESS MOVEMENTS—Continued 1938 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September 1929 October November December 1938 January January PEE CENT INCREASE (+) OR DECREASE (— ) Jan. 1929, from Dec., 1928 Jan. 1929, from Jan., 1928 +28.0 -23.2 +63.6 -9.6 +22.9 +6.2 -23.5 +13.8 +8.5 -1.1 CUMULATIVE TOTAL FROM JAN, 1 THROUGH DEC. 31 1937 1938 Per ct. increase (+) or decrease (-) cumulative 1928 from 1927 HIDES AND LEATHER Hides Imports: Total hides and skins _thous. of lbs._ 47, 056 4,053 Calfskins thous. of lbs__ 26, 540 Cattle hides .. thous. of lbs._ 7,951 Goatskins thous. of lbs._ Sheepskins ... thous. of lbs_. 6,773 Stocks, end of month: Total hides and skins ___thous. of Ibs.. 243, 591 197, 086 Cattle hides thous. of lbs._ Calf and kip skins thous. of lbs_. 25, 758 Sheep and lamb skins thous. of Ibs.. 20, 747 Prices: Green salted, packers' heavy native steers dolls, per lb_. .236 Calfskins, country, No. 1 dolls, per lb_. .275 Inspected slaughter of livestock: United StatesCattle thous. of animals. _ 717 Calves thous. of animals 369 Swine - -thous . of animals . . 2,545 1,196 Sheep thous. of animals. _ Canada105 Cattle and calves.. .thous. of animals. . 140 Swine thous. of animals.. 62 Sheep— thous. of animals.. 34, 448 2,707 18, 504 6,728 4,902 35,982 4,310 17, 883 7,993 3,785 34, 720 1,900 10, 103 5,773 4,517 30,228 3,395 13, 118 6,537 4,116 249, 272 203, 227 24, 059 21, 986 253, 921 209, 902 23, 118 20, 901 259, 330 215, 668 22,946 20, 716 267, 503 221, 679 24, 733 21,091 .246 .275 ,219 .246 .203 .242 .226 .250 .205 .219 .261 .300 -9.3 -12.4 -21.5 -27.0 764 352 2,508 1,307 801 405 3,713 1,409 762 378 4,455 1,189 667 341 5,782 1,053 736 369 5,738 1,150 711 383 5, 479 1,151 +10.3 +8.2 -0.8 +9.2 +3.5 -3.7 +4.7 -0.1 9,519 4,878 43, 636 12, 883 96 161 86 111 200 142 106 232 135 72 239 50 71 249 35 66 271 26 -1.4 +4.2 -30.0 +7.6 -8.1 +34.6 1,148 2,540 618 1,115 2,547 639 -2.9 +0.3 +3.4 1,463 25, 701 1,324 23,510 1,447 25, 711 1,264 23, 184 4 1, 212 22, 277 1,284 1,223 23,095 +5.9 +5.0 15,829 296, 802 16, 136 292, 074 +1.9 -1.6 89, 508 72, 439 996 .67 85,990 72, 243 733 .65 83, 388 75,188 825 .63 80,931 77, 363 1,063 .59 78, 632 80, 061 775 .59 +36.0 0.0 -16. 7 0.0 9,833 10, 176 +3.5 809, 041 810, 329 +0.2 -8.6 38, 679 2,608 21, 456 5,911 5,060 36,409 3,410 18, 856 5,448 5,117 446, 116 44,208 236, 159 81, 294 57, 307 505, 750 47, 436 275, 481 90, 765 63, 265 +13.4 +7.3 +16.7 +11.7 +10.4 244, 242 204, 224 23,825 16, 193 8,467 -11.1 4,683 -4.0 49, 714 +13.9 13,487 +4.7 Leather Sole and belting leather: ProductionSole only._thous. of backs, bends, sides.. Sole and belting thous. of lbs_. Stocks, end of month— In process of tanning thous. of lbs__ Finished.. thous. of lbs._ Exports .. thous. of lbs__ Price oak, scoured backs. dolls, per lb._ Upper leather: Production thous. of sq. ft. _ Stocks, end of month— In process of tanning._.thous. of sq. ft.. Finished thous. of sq. ft_. Exports thous. of sq. ft Chrome calf, "B" grades, .dolls, per sq. ft.. Leather Products Shoes: Production .thous. of pairs. . Exports - thous. of pairs. _ Wholesale pricesMen's black calf blucher, Mass dolls, per pair.. Men's dress welt, tan calf oxford, St. Louis-dolls, per pair.. Women's black kid, dress welt, lace, oxford dolls, per pair.. Gloves, cut dozen pairs.. 1,054 .59 85, 396 54,828 1,265 .59 73, 150 66, 380 72,092 62, 619 62, 804 71 415 147, 602 253, 854 9,000 .57 146, 010 247, 386 9,093 .57 143, 265 251, 350 11, 174 .55 138, 803 253, 470 10, 268 .49 136, 922 251, 406 11, 030 .50 10, 998 .53 149, 952 245,931 15, 532 .54 03 +6.0 -29.2 -1.9 148, 256 135, 559 34, 974 331 31, 000 275 33, 393 340 < 26, 443 403 21, 909 355 423 26, 210 388 +19.2 +9.0 343,608 5,514 344, 352 +0.2 4,331 -21.5 6.75 6.75 6.75 6.75 6.75 6.75 6.75 0.0 0.0 • 5.00 5.00 5.00 4.85 4.85 4.85 4.75 0.0 +2.1 4.00 237,043 4.00 213, 945 4.00 236, 907 4.00 223, 500 4.25 179, 330 4.25 4.03 177, 884 0.0 +5.5 114, 668 138, 309 147, 611 17, 233 108, 166 122, 771 133, 006 21, 953 131, 558 146, 383 118, 182 23, 884 145, 120 141, 775 118, 548 19, 627 135, 785 129, 322 125, Oil 27, 171 150,363 144, 069 131, 898 25, 832 142, 034 139, 851 159, 575 21, 082 222, 116 221, 008 44, 682 120, 643 2.53 201, 646 204, 378 42, 510 124, 048 2.53 228, 434 231, 800 40,032 149, 112 2.53 222, 934 221, 262 40, 242 126, 790 2.53 208, 564 207, 358 40, 684 179, 548 2.49 234, 062 235, 326 41, 364 115, 240 2.45 116, 120 77 200, 480 162, 184 102,821 74 186, 396 169, 625 122, 415 81 217, 290 189, 240 123, 646 90 223, 645 207, 056 115, 049 84 208, 484 185, 121 123, 822 114, 768 197, 224 173, 872 107,834 197, 532 164, 648 120, 927 222, 430 200, 362 122, 761 233, 924 201, 416 179, 334 170, 840 214, 228 40, 838 52, 108 209, 044 39, 744 3.25 35, 687 43,800 191, 287 48, 229 3.25 36, 380 37, 018 188, 980 45, 289 3.25 2, 614, 580 2, 551, 900 -2.4 +10.7 +11.4 +5.5 -4.9 +5.9 1, 589, 679 +3.0 1, 650, 716 — 17 3 +22.5 : 245, 599 1, 605, 919 1, 637, 233 +1.0 -0.8 250, 879 +2.1 209, 106 210, 016 44, 726 156, 164 2.53 +12.2 +13.5 +2.8 -35.8 -1.6 +11.9 ! 2, 587, 992 +17.1 ; 2, 581, 014 —7 5 -26.2 1, 431, 169 -3.2 2, 583, 126 2, 589, 862 -0.2 +0.3 1, 493, 521 +4.4 119, 525 84 187, 848 172, 952 +7.6 +3.6 1, 485, 495 1, 414, 952 -4.7 212, 191 +1.8 +13.0 2, 086, 949 2, 075, 972 2, 381, 102 +14.1 2 126 39] +2.4 115, 033 215, 133 207, 727 120, 263 209, 020 196, 882 114,211 186, 829 177,808 +4.5 -2.8 -5.2 +5.3 +11.9 +10.7 1, 474, 521 2, 062, 749 1, 987, 065 1, 397, 393 -5.2 2, 399, 030 +16.3 2, 153, 930 +8.4 196, 187 213, 162 195, 047 157, 466 +23.9 1, 881, 866 2, 206, 587 +17.3 34, 691 26, 254 187, 223 53, 674 3.25 34, 469 19, 139 195, 322 52, 624 3.25 38,003 21, 406 25,905 37, 731 207, 449 46, 522 3.25 PAPER AND PRINTING Wood Pulp Mechanical: Production . short tons _ Consumption and shipments. ..short tons.. Stocks, end of month short tons Imports short tons Chemical: Production short tons Consumption and shipments. ..short tons.. Stocks, end of month short tons . Imports short tons Price, sulphite.. dolls, per 100 lbs__ Newsprint Paper Production: United States, total short tons Ratio to capacity per cent.. Canada short tons Consumption by publishers short tons Shipments: United States short tons Canada _. short tons . Imports short tons Exports: Canada short tons Stocks, end of month: At millsUnited States. short tons.. Canada short tons.. At publishers short tons.. In transit to publishers ..short tons.. Price, roll, f. o. b. mill,,. , . dolls, per cwt . * Revised. 3.25 +10 3 +11.8 +46 7 —43.3 0.0 6.6 31 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February , 1929, "Survey" September August PER CENT INCREASE (+) OR DECREASE (— ) 1939 October November December 1938 January 1938 January Jan. 1929, from Dec., 1928 Jan. 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1937 1938 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 PAPER AND PBINTING-Continued Printing Book publication: American manufacture no of titles Imported no of titles Sales books: New orders „_ thous. of books Shipments thous. of books Printing activity weighted index number.. Cash checks, shipments thous. of checksBlank forms new orders thous of sets 507 118 551 169 835 261 933 160 765 104 797 264 12, 538 13, 738 97 68,482 58, 108 11, 837 11, 976 105 85,489 50, 114 13, 958 14, 605 113 86, 889 67, 957 12,730 13,080 112 81, 204 59,429 11, 123 12,462 114 77, 008 63, 614 12,866 12, 167 9,236 81.6 230, 950 236, 682 81,816 213, 626 233, 104 47,709 8,344 83.0 224, 971 234,449 87,097 217, 361 228,880 45, 271 9,365 82.3 243, 794 240, 391 81,022 240,930 245, 133 43, 627 8,666 82.2 241,924 248, 147 93,203 222, 693 235,228 47, 693 7,632 72.4 205, 046 197, 148 94,174 196, 164 197, 029 55, 624 117,009 48, 108 116, 197 53, 344 127,989 73, 235 136, 100 49, 982 148, 906 43,447 8,799 1,354 8,491 35 1,863 +37.6 12,329 11,897 108 75, 144 43, 173 +15.7 -2.4 +4.4 +2.3 145, 599 143, 172 148,804 147, 948 +17.7 +20.6 912,461 414, 290 935, 919 +2.6 611,429 +47.6 8,958 78.7 247,962 237, 095 83, 661 230,738 247, 085 56,999 7,833 75.5 203,882 204, 128 80,417 189, 744 196, 984 49,032 +17.4 +8.7 +25.9 +20.3 -11.2 +17.6 +25.4 +2.5 +14.4 +4.2 +21.6 +16.2 +4.0 +21.6 +25.4 +16.2 135,392 49,304 153, 747 62, 181 -9.1 -11.9 +13.5 -20.7 90, 616 +2.2 +3.3 Box Board Operation thous. of inch hours Operation per ct. of capacity Production _. __ . . short tons New orders short tons Unfilled orders, end of month short tons Consumption of waste paper short tons__ Shipments short tons Stocks, end of month . short tons Stocks of waste paper, end of month: On hand short tons In transit and unshipped purchases—tons. _ 101, 295 +4.7 2,477,324 2,682,845 2,476,241 2,695,047 +8.3 +8.8 2,379,475 2, 481, 135 +5.6 +7.5 96, 756 2, 512, 059 2, 667, 207 Other Paper 3,092 2,431 2,644 2,196 2,718 130,416 89 133, 024 85,836 117,374 86 120,895 82,403 132, 633 87 133,429 81, 579 126, 001 90 124, 615 82, 395 122, 221 87 122, 221 82, 395 131, 999 95 132, 791 79, 699 121, 509 90 125, 033 68, 265 -8.0 +9.2 +8.6 -4.0 +8.6 +5.6 +6.2 +15.9 77 79 81 80 83 86 84 80 77 82 81 82 83 87 +5.2 0.0 -2.4 -5.7 i 1( 10 8 10 6 10 8 11 9 +42.9 +33.3 -9.1 -11.1 100, 779 89 100, 174 93,340 83,582 84 86, 173 91, 977 96,053 85 94,900 93,416 96, 907 87 91, 286 93,930 90,979 81 88, 159 96, 123 101, 604 81 91, 240 96,740 96, 223 91 93, 144 87, 895 +11.7 0.0 +3.5 +0.6 +5.6 -11.0 -2.0 +10.1 39 331 84 38, 938 53, 535 34,885 80 34,885 53, 361 39, 680 84 39, 839 53, 788 37, 463 88 36, 076 54, 418 35, 263 80 33,817 55, 805 40, 020 92 34,001 52, 445 37, 471 93 35, 550 52, 410 +13.5 +15.0 +0.5 -6.0 110, 677 109, 154 72, 438 100, 138 102, 437 70, 140 112, 529 115, 563 61, 422 102, 703 101, 483 61, 340 93, 374 91, 785 62, 015 106, 160 104, 397 62, 474 99, 588 98, 946 60, 838 728, 073 78 729, 162 393, 696 663, 771 84 681, 104 378, 839 747, 104 83 749 79 370, 212 728, 644 90 712, 049 374, 467 661, 932 79 648, 044 386, 431 751, 565 91 729, 777 385, 755 thous. of sq. ft.. thous. of sq. ft.. thous. of sq. ft.. 441, 792 364, 756 77, 036 434, 371 359, 553 74, 818 454, 662 374, 342 80, 320 454, 354 370, 302 84, 052 415, 958 348, 090 67, 868 .per cent of normal ..per cent of normal.. per cent of normal . 79 77 84 79 78 80 88 89 83 82 82 79 71 72 68 Binder's board, production short tons Book paper: Production. . short tons Katio to capacity . per cent Shipments . short tons Stocks, end of month .. . short tons New orders— Coated p. ct. of normal production.. Uncoated.-p. ct. of normal production.. Unfilled orders, end of monthCoated p. ct. of normal production.. Uncoated.-p. ct. of normal production.. Wrapping paper: Production short tons Ratio to capacity . . per cent Shipments short tons.. Stocks, end of month short tons Fine paper: Production . short tons Ratio to capacity . . per cent Shipments short tons Stocks, end of month short tons All other grades: Production _ short tons Shipments short tons Stocks, end of month short tons Total paper (inc. newsprint and box board) : Production short tons Ratio to capacity percent Shipments short tons Stocks, end of month . short tons 2,547 29,686 35, 664 +20.1 1, 331, 551 1, 506, 934 +13.2 1, 324, 016 1, 499, 184 +13.2 1,087,155 1, 127, 981 +3.8 1,057,467 1, 111, 259 +5.1 +2.7 +6.8 •j • 446, 717 458, 763 +2.4 -44 447, 853 453, 299 +1.2 +13.7 +13.7 +0.7 +6.6 +5.5 +2.3 1, 197, 896 1, 193, 456 1, 221, 547 1, 223, 549 +2.0 +2.5 678, 198 82 663, 868 344, 345 +13.5 +15.2 +12.6 -0.2 +10.8 +11.0 +9.9 +12.0 8, 022, 452 8, 413, 777 +4.9 8, 025, 944 8, 344, 849 +4.0 433, 141 354, 992 78, 149 347, 622 227,280 70, 342 +4.1 +24.6 +2.0 +56.2 +15.1 +11.1 4, 720, 249 3, 784, 861 935, 388 5, 012, 380 4, 047, 919 915, 802 +6.2 +7.0 -2.1 78 78 77 69 67 75 +9.9 +13.0 +8.3 +16.4 +13.2 +2.7 +0.1 Paper Board Shipping Boxes Production: Total.. Corrugated Solid fiber Operating activity: Total.. Corrugated Solid fiber Other Paper Products Rope paper sacks, shipments—index number Abrasive paper and cloth: D omestic shipments reams Foreign shipments reams.. BUILDING 106 111 102 113 107 93 99, 789 17, 875 95, 131 18, 281 98, 576 20,085 91, 405 18, 601 97, 708 19, 214 94, 916 17, 184 80, 505 17, 112 -2.9 -10.6 +17.9 +0.4 979, 981 192, 596 7,712 7,930 6,454 4,886 3,328 2,672 2,473 -19.7 +8.0 60, 243 177 181 191 207 200 101. 21 177 181 191 208 201 101. 13 179 184 191 209 202 100. 67 177 182 190 210 202 100.79 175 181 190 209 202 101. 23 177 183 190 210 203 100.30 178 183 192 205 199 98.59 204 213 198 20 204 213 198 201 204 213 197 201 204 213 197 201 204 212 197 201 204 212 197 201 205 214 196 200 1, 090, 303 +11.1 222, 960 +15.8 CONSTRUCTION AND HOUSING Rental advertisements, Minneapolis.. number.. Building Costs Building materials: Frame house, 6-room .. rel. to 1913 Brick house, 6-room rel. to 1913 Concrete factory costs (Aberthaw) ..rel. to 1914.. Building costs (Eng. News Record) _rel. to 1913.. Building costs (A. <?. C.) rel. to 1913.. Plumbing fixtures, 6 pieces dollars Construction costs (Am. Appraisal) : Frame rel. to 1913.. Brick, wood frame rel. to 1913.. Brick, steel frame rel. to 1913.. Digitized for Reinforced concrete FRASER rel. to 1913.. +1.1 -0.6 0.0 +1.1 0.0 -1.0 +0.5 +2. +0.5 +2.0 -0.9 +10.2 0.0 0.0 0.0 0.0 -0. -0. +0. +0. 58, 279 -3.3 32 TREND OF BUSINESS MOVEMENTS—Continued 1938 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August Septem- October ber 1939 November December January 1928 January PER CENT INCREASE (+) OR DECREASE (— ) Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Perct. increase ( } or t decrease (-) cumulative 1928 from 1927 BUILDING CONSTRUCTION AND HOUSING— Continued Contracts and Losses Contracts awarded (36 States) : Commercial buildings thous. of sq. ft.. Industrial buildings thous. of sq. ft__ Residential buildings thous. of sq. ft.. Educational buildings thous. of sq. ft__ Other public and semipublic buildings thous. of sq. ft_. Grand total thous. of sq. ft_. Contracts awarded, value (36 States): Commercial buildings thous. of dolls.. Industrial buildings thous. of dolls Residential buildings . _ _ thous. of dolls. . Educational buildings thous. of dolls Other public and semipublic buildings thous . of dolls. _ Public works and utilities.. thous. of dolls.. Grand total -- -thous. of dolls _ Contracts awarded, Canada thous. of dolls.. Building volume (A. U. C.) rel. to 1913.. Fire losses: United States and Canada (Journal of Commerce) thous. of dolls.. Canada (Monetary 7mes)_.thous. of dolls.. 11,974 8,548 42, 859 5,418 11, 442 10, 348 38, 744 5, 651 13, 194 9,705 48, 298 4,876 13, 050 6,518 40, 532 4,290 10, 992 6,092 36, 191 4,136 15,250 7,085 27, 898 2,631 10, 803 4,412 37, 516 3,380 +38.7 +16.3 -22.9 -36.4 +41.2 +60.6 -25.6 -22.2 141,496 68,095 474, 277 53,063 132, 143 -6.6 91, 538 +34.4 548, 329 +15.6 60,626 +14.3 6,392 78, 638 6,278 73, 146 6,477 82,906 5,218 70, 599 4,661 63,094 2,863 56,331 3,955 60, 271 -38.6 -10.8 -27.6 -6.5 74, 972 812, 393 70,022 -6.6 930, 721 +14.6 57, 178 41, 318 207, 521 33, 559 58, 525 112,925 196, 850 37,088 63, 263 61, 170 234, 654 30, 746 65, 469 35,434 194,028 28, 719 64, 352 33,647 174, 731 25,033 98,644 60,439 132, 862 17, 171 65, 981 34,833 186, 904 22,854 +53.3 +79.6 -24.0 -31.4 +49.5 +73.5 -28.9 -24.9 897, 172 475, 614 2, 489, 588 368, 794 847, 556 -5.5 602, 603 +26.7 2, 715, 111 +9.1 386,490 +4.8 45, 470 114, 714 499, 760 39, 449 239 51, 317 115, 808 572, 513 45, 439 266 46,820 146, 041 582, 693 44, 585 243 40, 079 88,503 452, 234 29,038 222 42,842 75, 199 415, 803 18, 905 182 23, 142 61, 811 394, 069 41,963 148 30, 287 -46.0 -23.6 69, 676 -17.8 -11.3 410, 535 -5.2 -4.0 20, 480 +122. 0 +104. 9 125 -18.7 +18.4 639, 519 1, 211, 252 6, 083, 949 418, 951 564, 460 -11.7 1, 288, 559 +6.4 6, 404, 779 +5.3 472, 033 +12.7 17, 724 2,356 17, 183 1,739 22,414 1,795 22, 588 1,662 31,204 1,646 36, 225 2,664 320, 597 22, 667 303, 268 24, 279 386, 671 88 423, 218 434, 884 991, 781 340, 875 40, 837 14, 897 37.73 427,623 90 464, 558 444, 566 954, 846 320, 883 75, 504 14,104 37.73 296, 343 315, 144 322, 754 293, 657 64, 265 44, 264 17.32 337, 527 301, 267 302, 610 297, 686 65, 795 39, 330 18.06 43, 261 2,959 +16.1 +61.8 -39.4 -10.0 396, 256 86 413, 295 392, 674 952, 395 300, 262 61, 759 7,562 37.58 418, 717 381, 589 425, 009 97 79 87 426, 220 345, 816 398, 047 473, 900 332, 069 417, 700 978, 954 1, 005, 916 1, 200, 031 352, 826 286, 515 306, 168 66, 332 62, 213 61, 693 16, 453 9,249 11,507 35.26 36.55 37.19 +11.4 +10.1 +15.1 +25.8 +2.8 +6.9 -0.8 +24.4 -1.7 +1.5 -10.3 -6.6 -10.9 -16.2 -17.8 -7.0 -30.1 +3.7 310, 220 269, 484 269, 484 238, 149 60, 947 47, 598 17.92 299, 029 272, 618 299, 029 393, 930 59, 193 41, 939 16.38 410, 493 397, 571 444, 514 357, 604 85, 299 2,280 15.23 +5.7 +8.7 +16.8 +2.4 +42.4 +43.0 +8.0 -23.0 -25.5 -21.5 +12.8 -1.2 -5.4 +7.1 LUMBER PRODUCTS Softwood Lumber Southern pine: Production (computed) M ft. b. m__ 425,493 Operation per cent of full time.. 87 Shipments (computed) M ft. b. m__ 468,672 New orders (computed) ..M ft. b. m__ 479, 370 Stocks, end of mo. (computed) .M ft. b. m__ 1. 019, 050 Unfilled orders, end mo.(comp.).M ft. b. m_ _ 339, 038 Exports lumber - M ft. b. m 43, 287 Exports, timber M ft. b. m__ 7,465 Price, flooring dolls, per M ft. b. m__ 36.34 Douglas fir: Production (computed) ...M ft. b. m__ 358, 566 Shipments (computed) _.M ft. b. m__ 389, 454 New orders (computed) -M ft. b. m__ 381, 396 Unfilled orders (computed) M ft. b. m__ 257, 845 Exports, lumber M ft. b. m__ 59, 236 Exports timber M! ft. b. m 40, 837 Price, No. 1 common .dolls, per M ft. b. m_. 17.75 Price, flooring, 1x4, "B" and better, V. G _ dolls, per M ft. b. m_. 37.19 California redwood: Production (computed) M ft. b. m__ 41, 137 Shipments (computed) __M ft. b. m__ 43, 983 New orders (computed) M ft. b. m.. 39, 855 Unfilled orders, end mo. (eomp.).M ft. b.m__ 45,093 California white pine: 145, 491 118, 310 Shipments M ft. b. m__ Stocks, end of month -M ft. b. m__ 516, 764 New orders - M ft. b. m . 102, 805 Unfilled orders, end of month __M ft. b. m__ 181, 014 North Carolina pine: Production (computed) M ft. b. m__ 45, 437 Shipments (computed) M ft. b. m.. 48, 643 New orders - M ft. b. m__ 49, 560 Northern pine: LumberProduction M ft. b. m . 57, 335 Shipments - -M ft. b. m._ 47, 755 New orders M ft. b. m__ 41,435 Lath12, 318 Production thousands _ . Shipments thousands. _ 11, 099 Northern hemlock: Production M ft. b. m._ 20, 449 22, 661 Shipments M ft. b. m_. 316, 039 296,343 349, 165 403, 331 84,299 59, 984 17.70 5, 173, 558 4, 994, 053 -3.5 5, 135, 886 5, 241, 265 5, 228, 488 5, 211, 506 +1.8 -0.6 711,430 182, 126 708,883 163, 577 -6.4 -10.2 5,927,070 5,878,066 5, 937, 153 4, 934, 872 -16.7 5,081,313 —13.6 5, 249, 119 -11.6 685, 855 519, 887 767,745 +11.9 496, 533 -4.5 459, 181 444, 542 451, 973 +16.2 38.85 40.61 40.88 41.05 44.44 34.04 +8.3 +30.6 34, 329 33, 107 33, 519 47, 916 27, 851 32, 744 33, 115 40, 350 45, 834 38, 715 38, 848 32, 783 29, 919 28, 213 29, 524 32, 379 29, 560 30, 944 34, 801 35, 756 39, 454 30, 201 38, 763 50, 415 -1.2 +9.7 +17. 9 s +10.4 -25.1 +2.5 -10.2 -29.1 487,314 507, 591 515, 918 122, 708 105, 246 538, 136 86, 716 188, 747 126, 086 119,074 552, 422 100, 760 183, 493 107, 501 94, 587 562, 528 81, 755 181, 665 76, 164 79,072 566, 914 81,452 214, 016 69, 930 100, 633 535, 998 95,905 176, 506 46, 736 79, 796 609, 181 65, 307 191, 837 -8.2 +27.3 -5.5 +17.7 -17.5 +49.6 +26.1 -12.0 +46.9 -8.0 1, 091, 803 1, 107, 698 1, 227, 464 +12.4 1, 203, 379 +8.6 1, 012, 963 1,064,312 37, 457 39,900 50, 890 48,090 51,590 58, 870 51, 198 50, 218 58, 310 46, 802 42, 651 66, 430 45, 136 38, 976 48, 440 40, 019 37, 030 38, 920 +15.8 -8.6 -27.1 +12.8 +5.3 +24.5 613, 851 613, 655 499, 039 587, 412 -4.3 604, 708 -1.5 649,150 +30.1 51, 618 44, 618 44, 209 55,031 51, 378 41, 109 26,718 41, 308 30, 282 19, 679 27, 632 25, 179 23, 818 33, 167 35,363 33, 550 29, 451 32,703 +210 +20.0 +40.4 -29.0 +12.6 +8.1 486,440 451, 720 411, 144 497, 289 494, 809 450, 981 +2.2 +9.5 +9.7 12,419 8,897 11, 777 8,937 5,230 6,560 4,118 5,121 4,692 6,952 7,315 5,300 +13.9 +35.8 -35.9 -31.2 118, 894 119,970 105,379 97, 244 -11.4 -18.9 15, 315 19, 951 16, 425 21, 042 16, 359 17, 139 14, 172 11,858 192, 678 228, 074 197, 243 +2.4 200, 737 -12.0 2,749 3,299 12, 625 2,635 4,741 2,857 3,419 12, 249 4,174 5,483 2,806 3,478 11, 668 3,033 5,117 2,460 2,734 11, 396 3,649 6,082 11, 425 7,485 -5.8 -12.4 -12.4 +5.1 Hardwood Lumber Walnut lumber: Production M ft. b. m__ Shipments .. M ft. b. m _ Stocks, end of month M ft. b. m__ New orders. M ft. b. m__ Unfilled orders, end of month._M ft. b. m.. Walnut logs: Purchased M ft. log measure Made into lumber and veneer M ft. log measure.. Stocks, end of month. _.M ft. log measure.. Northern hardwoods: Production -M ft. b. m__ Shipments M ft. b. m__ 2,931 2,863 13, 166 2,990 5,270 2,974 3,163 12, 305 3,307 5,664 3,063 2,687 13,264 2,628 5,389 +20.9 +15.7 +8.0 -9.4 -6.9 -2.9 +17.7 -7.2 +25.8 +5.1 35,545 34,768 34, 517 36, 060 -2.9 +3.7 34, 782 36, 852 +6.6 2,736 2,274 2,702 2,504 2,014 2,285 2,255 +1.3 +1.3 35, 262 29, 327 -16.8 2,579 3,058 2,643 2,684 2,606 2,636 2,888 2,359 2,489 1,884 2,538 1,557 2,416 3,041 +2.0 -17.4 +5.0 -48.8 31, 742 30, 686 -3.3 20, 073 27. 597 16, 624 25, 086 16, 727 31, 473 21,642 30,646 34, 639 23, 562 347, 236 329. 100 357, 356 330. 423 +2.9 4-0.4 37,543 24. 164 33 TREND OF BUSINESS MOVEMENTS—Continued 1929 1938 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August Septem- October November December PER CENT INj CREASE (-f ) OR DECREASE (— ) 1928 Jan., 1929, from Dec., 1928 January January Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 iPerct. increase (+) or decrease (-) cumulative 1928 from 1927 LUMBER PRODUCTS— Continued Hardwood Lumber—Continued Lower Michigan hardwoods: 4,915 5, 502 4,411 5,541 6,257 7,934 Production M ft. b. m 6,467 7,349 6,137 5,695 7,280 8,147 Shipments M ft b. m 20, 915 23,502 23, 509 19, 434 23, 206 30, 821 Stocks, end of month M ft. b. m Gum: 529 532 518 517 543 543 Stocks, total, end of month. mill. ft. b. m__ 396 410 398 372 376 400 Stocks, unsold, end of month-mill, ft. b. m__ 133 132 134 142 145 143 Unfilled orders, end of month.mill. ft. b. m_. Oak: 954 959 918 938 907 1,051 Stocks, total, end of month..mill. ft. b. m__ 775 800 746 741 768 865 Stocks, unsold, end of month-mill, ft. b. m__ 161 159 171 166 170 186 Unfilled orders, end of month.mill. ft. b. m... All hardwoods: 270 263 285 274 289 315 Production mill ft b m 285 293 315 308 263 296 Shipments _ .mill. ft. b. m.. 293 289 323 274 1 323 330 New orders mill ft b m 2,731 2,722 2,771 2,757 : 2,696 2,954 Stocks, total, end of month._mill. ft. b. m__ 2,164 2,211 2,132 2,107 2,142 2,331 Stocks, unsold, end month. .mill. ft. b. m__ 566 557 589 589 615 624 Unfilled orders, end month_.mill. ft. b. m__ Production, 10 species M ft. b. m._ 2,206,862 1, 927, 716 2, 114, 273 1,991,913 1, 785, 505 2, 052, 155 2, 002, 727 170, 457 204,979 184, 054 208, 045 162, 221 240, 384 239, 145 Exports, planks, joists, etc M ft. b. m Retail yards, Minneapolis district: 17,860 17, 632 18, 242 5,489 13, 302 * 7, 807 * 4, 764 Sales M ft. b. m 84,984 86,807 81,035 79, 400 4 84, 686 75, 810 72, 771 Stocks, end of month... _ M ft. b. m Retail yards, Kansas City district: 6,140 6,497 4,333 4,035 7,008 5,494 4,763 Sales M ft. b. m 45, 529 45, 326 45, 364 45, 361 42, 505 44, 458 | 41,842 Stocks, end of month... _M ft. b. m 80,339 90, 048 ! Flooring Maple flooring: Production M ft. b. m._ Shipments M ft. b. m__ Stocks, end of month _.M ft. b. m.. New orders _ _ M ft. b m Unfilled orders, end of month _M ft. b. in Oak flooring: Production M ft. b. m._ Shipments M ft b m Stocks, end of month M ft b m New orders. _..M ft. b. m__ Unfilled orders, end of month.. M ft. b. m._ Doors at Wholesale Fir, manufacturing plants: Production _ _ number Shipments number Stocks, end of month number New orders _ number. _ Unfilled orders, end of month number.. Wooden Furniture Household furniture and case goods: Shipments dolls , average per firm Unfilled orders dolls., average per firm.. Grand Rapids district: Unfilled order, end of month _. No. of days' production New orders No. of days' production Shipments No. of days' production. Outstanding accounts, end of month No. of days' sales Cancellations _ _ .per cent of new orders. Plant operation per cent of full time Piano benches and stools: New orders (average per firm) dollars.. Unfilled orders, end of month (average per firm) dollars.. ShipmentsValue (average per firm) dollars Quantity (total) pieces.. Plywood and Veneer Douglas fir plywood: Production thous. of sq. ft. of surface.. Shipments thous. of sq. ft. of surface New orders (sales) -thous. of sq. ft. of surface.. Unfilled orders, end of month thous. of sq. ft. of surface Stocks, end of month thous. of sq. ft. of surface. _ Other plywood: New orders thous. of sq. ft. of surface.. Shipments thous. of sq. ft. of surface.. Unfilled orders, end of month thous. of sq. ft. of surface Bushel baskets: Production dozens.. Shipments dozens.. Stocks, end of month dozens.. Rotary-cut veneer: Receipts number of carloads . Purchases number of carloads.. Revised. 3,960 3,701 3,795 83, 169 82,454 ! +3.5 -8.4 3, 216 -18. & 3,306 -10.7 3.415 -10.0 +2.5 27, 909, 648 26, 164. 320 | -6.5 +0.5 2, 159, 316 2, 323, 681 +7.6 -29.7 +63.9 133, 401 158, 604 +18.9 +8.1 -6.2 +14.9 +15.5 +7.4 +2.0 -9.0 +8.4 69,284 67, 998 -1.9 -12.4 +5.8 -11.6 -29.5 +0.2 -13.9 +11.5 -26.5 +0.4 -12.4 114, 759 109,952 94, 3S9 93, 124 -17.7 -15.3 104, 349 89, 760 -14.0 526,000 513, 074 531, 429 531, 008 +1.0 +3.5 506, 436 533, 563 +5.4 655, 804 626, 782 -4.4 8,413 9,515 23,232 8,851 10, 187 7,675 7,929 22,554 7,110 10, 106 8,204 8,543 21, 352 7,230 7,940 8,721 6,230 21,960 6,537 7,157 8,866 5,784 24, 674 5,382 7,988 51,529 51, 860 67, 864 49, 427 47, 026 45,926 45, 020 68, 456 43, 141 47,099 51, 225 45, 652 72, 689 38, 132 41, 151 45, 794 37, 232 80, 331 43, 753 48, 052 38, 747 31, 665 87, 856 29,033 1 30, 956 . 314, 154 344, 643 267, 118 227, 311 344, 094 273, 076 305, 555 238, 399 237, 769 300, 106 372, 158 362, 004 243, 946 285, 147 215, 872 244, 857 254, 110 251, 837 253, 418 217, 608 203, 776 i 166, 886 277, 431 247, 799 295, 919 253, 005 268, 826 216, 207 311, 347 219, 981 65,947 57, 288 65, 010 58, 576 70, 030 50, 266 59, 855 51, 136 41, 962 45, 885 53 30 31 49 31 30 38 31 37 50 50 35 39 18 26 56 7.0 92.0 65 9.0 101.0 65 10.0 103.0 65 6.0 100.0 59 17.0 99.0 6,396 9,508 9,929 7,812 8,014 7,043 85,OCO -21.1 3,012 3,178 2,385 1,066 2,851 i 107, 819 2,323 5,251 6,020 8,343 9,826 9,760 10,972 8,594 9,790 9,315 10, 519 5,918 7,617 i.... 106, 180 137, 005 84, 578 -20.3 102,918 -24.9 11,094 10,988 11,030 9,426 9,257 10, 245 13, 079 12, 003 12,654 9,291 9,133 8,336 8,426 7, 921 9,212 12, 743 13, 530 16, 030 +51.2 +70.8 +74.0 8,024 7,715 6,628 5,307 6,863 9,001 +31.2 7,358 7,309 7,704 7,747 8,433 7,316 4,239 2,961 3,381 3,177 4,411 4,235 5,773 4,147 3,749 2,973 3,426 3,746 34,509 34,956 41, 138 +19.2 36, 583 +4.7 7,771 5,114 24, 733 5,999 8, 019 7,346 7,252 28,721 8,161 9,154 35,947 38, 080 82, 239 i 53 888 1 . . . 45, 925 +24.2 +61.1 -22.1 +25. 6 -25.7 41, 335 51, 033 ... It !__ 23 1 55 i 7.0 95.0 .:: ::::::. -13.2 2,469 2,575 -8.6 +38.8 +26.0 +45.5 5,131 5,469 5,817 6,778 6,811 5,971 2,863 243, 056 262, 810 570, 726 177,982 285, 813 409, 110 156, 521 156, 407 420, 671 114, 184 75, 337 464, 733 81, 302 111, 244 434,942 135, 090 126, 602 331, 992 95,832 58, 896 406, 694 +66.2 +41.0 +13.8 +115. o; -23.7 -18. 4 2, 715, 339 2,562,088 2, 171, 713 -20.0 2, 234, 611 -12.8 259 325 244 199 337 255 222 190 206 178 175 241 80 132 -15.0 +118.8 -35.4 +82.6 98 97 185 +88.8 20fi -1-112. 4 -12.3 +108.6 34 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" 1929 PER CENT INCEEASE (+) OR 1938 DECREASE (— ) August September October November December January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1938 1937 iPerct. increase (+) or decrease (-) cumulative 1928 from 1927 STONE, CLAY, AND GLASS PRODUCTS Clay Products Face brick, averages per plant: Production - .. _ thousands. . Shipments thousands . . Stocks, end of month _ thousands Unfilled orders, end of month.. thousands __ Common brick: Stocks, end of month— Burned thousands Unburned thousands Shipments _. .thousands.. Unfilled orders, end of month. .thousands.. Plants closed down number Price, red, New York dolls, per thous.. Porcelain plumbing fixtures: Net new orders pieces Shipments pieces Unfilled orders, end of month pieces.. Stocks end of month pieces Vitreous china plumbing fixtures: New orders pieces.. Shipments pieces. _ Unfilled orders, end of month pieces.. Stocks, end of month pieces.. 'Terra cotta, new orders: Quantity - net tons.. Value thous. of dolls.. Portland Cement Production . .. — thous. of bbls.. Operation per ct. of capacity.. Shipments _ thous. of bbls. _ Stocks, end of month thous. of bbls.. -Stocks, clinker, end of month... thous. of bbls.. Wholesale prices, composite dolls, per bbl.. 890 841 2,282 989 900 850 2,523 1, 101 902 819 2,320 855 658 840 2,553 843 735 532 2,755 892 491, 088 206, 938 218, 339 221,625 498, 691 257, 692 167, 078 213, 274 21 12.50 454,931 91,226 122, 078 145,427 49 12.50 537,712 287, 162 180,360 204, 189 67 12.00 461,357 106,440 136,033 182,791 84 12.00 13.50 707 436 3,568 891 482 402 2,958 761 11.50 517,897 68,611 131, 338 219, 233 91 12.75 -3.8 +46.7 +8.5 -18.0 +29.5 +20.6 -0.1 +17.1 8,758 -1.9 8,801 +10.6 8,929 7,959 2,211,243 2, 230, 660 -4.2 +0.9 -9.8 +10.5 -27.4 +26.7 -10.5 -0.1 +56.8 -3.7 +21.2 12, 960 22, 970 65, 029 47, 690 9,939 16, 525 54,583 50,953 22, 665 17, 018 50, 558 50,956 11, 715 14,657 38,268 47,550 12, 195 9,350 35, 545 47,044 13, 471 11,849 35, 497 45,296 18,545 13, 239 22, 639 37, 374 317, 305 267, 710 353, 034 477, 593 180,758 215,284 318, 508 510,864 222, 190 236, 781 303, 917 531, 119 221, 575 201,925 323, 567 554, 422 231, 771 165, 712 389, 626 622, 590 276, 144 260, 829 404,941 570, 141 237, 727 240, 829 329,482 544, 461 +19.1 +57.4 +3.9 -8.4 +16.2 +8.3 +22.9 +4.7 12, 058 1,123 10,570 1,005 15, 597 1,460 9,998 949 9,453 982 10, 056 1,086 10, 850 949 +6.4 +10.6 -7.3 +14.4 . 147, 135 14, 479 18, 739 93.1 21, 970 19, 374 9,357 1.683 17,884 91.7 20, 460 16, 749 7,566 1.650 17, 533 87.1 19, 836 14, 579 5,944 1.650 15, 068 77.4 11, 951 17, 769 5,953 1.650 12, 189 60.4 7,384 * 22, 650 <7,422 1.650 9,781 46.5 5,735 26, 696 9,627 1.660 9,768 49.4 6,541 25, 116 9,672 1.683 -19.8 -23.0 -22.3 +17.9 +29.7 0.0 +0.1 -5.9 +12.9 +6.3 -0.5 -2.0 171,908 175,968 +2.4 170, 922 175, 455 +2.7 12, 145 599 26, 105 1,169 9,427 13, 413 598 9,337 19,025 845 8,692 < 41, 962 < 1, 076 « 8, 163 16, 057 557 7,835 10, 728 458 8,480 -61.7 -48.2 -4.0 +49.7 +21.6 -7.6 189, 349 8,285 115, 918 193,913 7,628 106, 550 +2.4 -7.9 -8.1 16, 889 9,254 14, 752 9,630 7,068 3,856 8,430 5,213 8,080 5,166 7,461 6,089 5,902 . -7.7 4, 103 +17.9 +26.4 +48.4 125, 768 73, 952 148, 078 +17.7 93, 502 +26.4 12, 159 10,897 11, 140 11,640 10, 579 11,426 8,825 +29.5 111, 390 130, 648 +17.3 2,686 2,322 78.7 2,122 2,433 8,084 6,173 2,389 71.6 2,721 2,261 8,415 6,302 2,146 66.8 2,950 1,990 8, 872 6,455 1,970 63.8 2,599 1,874 9,510 6,542 2,367 73.6 3,089 2,435 9,306 6,460 2,207 76.9 2,680 1,958 10, 140 6,327 +7.2 +20.2 +15.4 -4.3 +18.9 +15.3 +29.9 +24.4 -2.1 -8.2 -1.3 +2.1 25,316 28, 447 +12.4 27,068 25,495 29, 317 28, 012 3,190 43.0 44.2 43.0 4,193 50.5 53.2 51.9 4,245 54.2 51.1 51.9 3,949 54.6 39.0 45.0 2,685 34.8 39.7 36.5 34, 916 39,044 +11.8 36.5 44.5 42.5 1.8 4.3 1.7 4.3 1.7 4.1 1.6 4.2 1.5 4.7 1.2 4.2 2, 685, 034 3, 079, 675 +14.7 2,933,371 3, 012, 173 +2.7 148,755 14, 171 +1.1 -2.1 Highways Federal-aid highways: Completed— Cost thous. of dolls.. Distance . .miles.. Under construction, end of month...miles.. 'Concrete pavements, new contracts: Total ..thous. of sq. yds.. Roads thous. of sq. yds.. Plate Glass Production, polished. thous. of sq. ft.. Glass Containers Actual production: Quantity gross.. Relation to capacity ._ per cent.. New orders . .... gross.. •Shipments gross . Unfilled orders, end of month gross.. Illuminating Glassware Production: Total number of turns Ratio to capacity per ct of capacity New orders per ct. of capacity 'Shipments per ct of capacity Unfilled orders, end of month number of weeks' supply -Stocks, end mo number of weeks' supply 9,547 80.9 1,909 2,654 8,467 6,297 2,985 +8.0 CHEMICALS AND OILS Chemicals -Sulphuric acid: 429, 264 559, 952 +33.0 -23.3 Exports thous. of Ibs . 291, 035 581, 760 441, 867 632, 942 322, 787 0.0 0.0 .78 .78 Price wholesale dolls per 100 Ibs .78 .78 .78 .78 .78 Nitrate of soda: -2.0 +19.8 83, 698 48, 385 45, 575 85, 391 69, 867 Imports . long tons . 75, 318 36, 644 -6.5 +13.1 282, 300 285, 900 275, 000 293, 600 274, 500 242, 800 Production in Chile metric tons 259, 400 Potash salts: 22, 412 28,242 24, 639 24,724 Imports (commercial) . ... -long tons . 57, 327 43, 313 31, 646 +10.3 -21.9 Production in France 40, 000 37, 400 38, 538 31, 290 (KgO content) metric tons 35,200 34,300 Sales in Germany 82, 463 202, 010 107, 146 76, 507 (K2O content) metric tons 108, 696 140, 818 •Superphosphate (acid phosphate): 372, 817 358,008 +6.6 +4.1 294, 381 Production _. .. short tons . 276, 811 350,958 322,452 349, 685 Stocks, end of month ...short tons.. 1, 414, 615 1, 424, 169 41,566,402 1, 832, 363 2, 058, 284 2, 288, 258 2, 196, 736 +11.2 +4.2 101, 540 +15.2 +21.4 91, 165 75,680 107, 008 123, 248 154, 443 82, 876 Shipments short tons Fertilizer: 87, 632 +50.8 +13.8 94, 085 66, 134 99, 751 103, 575 99, 149 86, 289 Exports long tons 112, 659 450, 600 * 626, 560 +300. 0 -28.1 84, 947 62, 903 Consumption, Southern States-short tons.. 138,470 151, 128 Dyes and dyestuffs, exports: 92 239 -37.0 -61.5 146 231 400 237 157 Vegetable . thous. of Ibs.. 1,715 58 5,194 2,436 1,926 1,335 1.330 Coal tar thous. of lbs._ < Revised. +8.3 +9.9 ) 7, 512, 347 7, 001, 959 736, 025 1, 611, 342 1, 032, 909 +40.3 3, 163, 500 +96.3 268, 997 357, 703 +33.0 372, 040 410, 316 +10.3 -6.8 1, 239, 506 1, 421, 216 +14.7 3, 293, 543 3, 892, 320 +18.2 1, 615, 084 1, 911, 908 +18.4 1, 273, 176 1,210,426 -4.9 4, 579, 369 5, 603, 846 +22.4 3,771 26, 763 3,158 -16.3 32, 271 +20.6 35 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September 1929 October November December PEE CENT INCREASE (+) OR DECREASE (— ) 1928 January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL PROM JAN. 1 THROUGH DEC. 31 1927 1928 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 CHEMICALS AND OILS— Continued Arsenic Crude: Production short tons.. Stocks, end of month short tons.. Refined: Production . . short tons Stocks, end of month short tons Price index numbers: Drugs and Pharmaceuticals rel. to Aug., 1914.. Chemicals rel. to 1913-14.. Oils and fats rel. to 1913-14 . 2,086 2,999 1,079 2,978 1,238 3,024 1,622 3,419 1,215 3,274 1,158 1,407 13, 929 803 1,618 799 1,971 835 2,344 802 2,766 1,030 3,282 827 2,496 10, 315 164 113 121 164 113 121 113 124 113 124 113 124 113 125 112 130 12, 267 1,283 11, 580 1,263 12, 519 1,109 -5.6 -7.5 +13.9 -1.6 156, 560 9,700 132, 098 -15.6 10, 133 +4.5 12, 684 1,417 11, 162 1,214 11, 343 831 -12.0 -1.6 -14.3 +46.1 156, 390 7,899 146, 354 -6.4 11, 891 +50.5 1,095 127 24 4.50 1,498 174 42 4.50 17, 596 2,840 1,630 3.50 +36.8 +37.0 +75.0 0.0 -91.5 -93.9 -97.4 +28.6 12, 134 11, 173 682, 480 51, 937 624, 047 52, 925 699, 551 47, 234 -8.6 +1.9 -10.8 +12.0 8, 032, 315 414, 495 7, 490, 536 416, 836 232, 740 42, 698 222, 325 28, 103 344, 798 39, 249 -4.5 -34.2 -35.5 -28.4 145, 093 1, 126, 152 56, 104 48, 495 33, 384 43, 915 0.0 +0.8 16, 485 +18.4 9,294 -9.9 +0.9 -3.8 Wood Chemicals Acetate of lime: Production4 8, 605 4 10, 526 4 12, 315 United States ..thous. of lbs._ 4 9, 486 1,242 999 Canada.. thous. of lbs_. None. 446 ShipmentsUnited States thous. of lbs__ * 12, 840 4 13, 355 4 10, 407 4 13, 119 Canada _ -thous. of Ibs 348 990 1,123 2,098 Stocks, end of month — 4 2, 863 United States thous. of Ibs.. 4 3, 134 4 2, 078 4 7, 950 183 349 Canada thous. of Ibs . 140 283 449 Exports __ -thous. of Ibs.. 1,141 36 20 4.00 Price, wholesale dolls, per cwt 3.88 4.00 4.50 Methanol, crude: ProductionUnited States gallons. _ * 535, 803 4 495, 555 4 641, 823 4 745, 430 Canada. _ .gallons.. 45, 768 None. 53, 146 18,816 Stocks at crude plants, end of monthUnited States. _ gallons.. * 287, 492 4 229, 683 4 314, 171 4 284, 685 34, 399 Canada . . ...gallons.19, 682 37,933 13, 665 United States Canada Exports Wood at chemical plants: ConsumptionUnited States Canada. _. Stocks, end of monthUnited States Canada Daily capacity— Total _ Shutdown. Methanol, refined: ProductionUnited States Canada Stocks, end of monthUnited States Canada Shipments — United States Canada Price, wholesale, N. Y 160, 156 64, 817 14, 000 164, 972 67, 314 32, 540 161, 723 57, 814 20, 408 167, 012 53, 426 34,583 219, 545 47, 287 69, 407 4 55, 085 None. 449,444 2,160 4 65, 182 5,366 4 73, 633 6,248 73, 591 6, 386 71, 043 6,630 68, 559 5,858 cords . 4 509, 435 4 514, 204 4 550, 412 4 532, 516 cords. . 73, 119 73, 700 72, 760 73, 759 622, 937 72, 399 494, 740 72,933 gallons.. gallons.. ..gallons.. cords cords. . _ A -7.9 -6.7 +0.6 -33.9 -87.1 +2.6 -13.6 -36.7 +31.5 309, 060 567, 752 +83.7 -3.5 +3.8 +3.6 +13.2 859, 905 49, 086 760, 740 -11.5 51,081 +4.1 560, 568 74, 440 -20.6 +0.7 -11.7 -2.0 5, 414, 154 300, 138 5, 982, 579 +10.5 432, 450 +44.1 ...cords.. cords.. ^3,482 1,053 4 3, 486 4 1, 083 4 3, 486 4668 4 3, 485 4370 3,452 388 3,336 202 3,293 249 -3.4 -47.9 +1.3 -1&9 gallons.. gallons.. 436, 811 14, 700 355, 353 38,600 487, 384 56,700 536, 782 39, 500 667, 468 57, 600 494, 501 59,800 496,073 38, 700 -25.9 +3.8 -0.3 +54.5 gallons.. gallons.. 396, 730 26, 715 300,478 33, 101 325, 914 23,339 422, 640 21, 751 464, 063 38,912 503, 054 35,534 455, 316 29, 198 +8.4 +10.5 -8.7 +21.7 gallons.. gallons.. dolls, per gal.. 497,971 22,076 .48 415, 340 25, 396 .48 493, 712 48,330 .51 494,047 42,989 615, 515 33, 869 .58 506,624 47, 629 .58 482, 666 17, 775 .48 -18.7 +5.0 +40.6 +168.0 0.0 +20.8 5, 723, 997 293, 303 6, 044, 639 316, 444 +5.6 +7.9 18,764 16, 128 9,263 18, 613 15,269 11,295 20,685 20, 718 9,907 19,220 19,294 8,132 19,898 18,236 8,953 15, 282 13,911 8,701 13, 050 10,098 9,463 -23.2 +17.1 -23.7 +37.8 -2,8 -8.1 173, 630 162, 087 184, 981 168, 555 +6.5 +4.0 35,092 23,039 32, 268 18, 554 35, 310 37, 465 33, 611 16, 274 38,636 38, 854 36, 347 16, Oil 35, 524 34, 293 32, 723 17, 147 33, 642 31, 660 29, 068 20, 148 33, 596 35, 576 35, 733 18, 071 29, 607 31, 332 29, 878 17, 973 -0.1 +13.5 +12.4 +13.5 +22.9 +19.6 -10.3 +0 5 408, 888 406, 045 390, 540 397, 419 386, 462 374, 920 -2.8 -4.8 -4.0 42, 724 73,304 .52 34, 312 73, 595 .52 33, 924 79, 509 .53 28, 160 83, 472 .59 27, 360 90, 371 .61 8,175 79, 837 .61 7,764 72, 035 .60 -70.1 +5.3 -11.7 +10.8 0.0 +1.7 406, 514 339, 713 -16.4 145, 357 227, 517 9.59 116, 029 230, 672 9.18 115, 235 216,917 9.31 117, 168 246, 178 9.59 125, 706 271, 187 9.34 45, 203 227,409 8.87 41, 160 200, 262 9.54 +9.8 -64.0 -16.1 +13.6 -5.0 -7.0 1, 406, 414 37, 623 114,074 35,473 112, 964 36,942 111,728 35, 771 112,680 33, 630 115,216 37, 765 120, 956 29,200 85,413 +12.3 +5.0 +29.3 +41.6 414, 858 420, 516 +1.4 6,274 6,898 6,257 6,027 6,486 5,704 6,882 5,944 6,750 6,883 7,347 7,869 5,771 10, 621 +8.8 +27.3 +14.3 -25.9 79, 778 75, 118 -5.8 225, 668 822, 813 211, 828 845, 762 219,525 845,645 211,960 827, 633 209, 125 898, 610 238, 703 938, 737 198, 646 605, 771 +14.1 +20.2 +4.5 +55.0 2,782,356 2,693,949 -3.2 Ethyl Alcohol Production . , thous of gals Withdrawn for denaturization.. thous. of gals. . Warehouse stocks, end of month. thous. of gals.. Explosives (Black powder, permissible, and other high explosives) Production ..thous. of Ibs. . Shipments thous. of lbs_. r New orders thous. of lbs_. Stocks, end of month thous. of lbs_. Naval Stores Turpentine (gum): Net receipts, southern ports barrels.. Stocks at port, end of month barrels.. Price, southern, New York.. dolls, per gal.. Rosin (gum): Net receipts, southern ports .barrels.. Stocks at 3 ports, end of month barrels.. Price, B, New York dolls, per bbl__ Rosin (wood): Production barrels.. Stocks, end of month barrels.. Turpentine (wood): Production barrels.. Stocks, end of month barrels.. Pine oil: Production _. gallonsStocks, end of month gallons.. 4 Revised. 1, 199, 261 - 14.7 36 TREND OF BUSINESS MOVEMENTS—Continued 1929 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October November December January 1928 January PEE CENT INCREASE (+) OR DECREASE (— ) Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 CHEMICALS AND OILS— Continued Roofing Roofing, felt: Production, dry felt tons.. Stocks, end of month, dry felt ..tons.. Prepared roofing: Shipments. . _ thous. of roof squares. . 25, 574 3,356 24, 343 3,427 2,447 3, 774 1,444 56, 364 19, 716 23, 930 3,367 17, 424 4,045 14, 475 4,600 3,222 80, 914 20, 754 3,681 82, 176 22, 897 5,570 71, 918 30, 955 3,928 70, 010 57, 087 2,884 74, 261 46,949 9, 405 59, 870 26, 872 21 743 3,088 303, 311 281, 420 -69.3 +24.0 +74.7 70, 713 704, 365 225, 519 55, 006 -22.2 762, 773 +8.3 276,271 +22.5 -7.2 Fats and Oils Total vegetable oils and copra: Exports thous. of lbs__ Imports thous. of lbs._ Copra imports short tons Copra' or coconut oil: Imports thous. of lbs_. Consumption in oleomargarine thous. of lbs_. Oleomargarine: Production . - thous. of Ibs.. Consumption .. .. thous. of lbs_. Animal glues: Shipments -- thous. of lbs_. -26.6 +6.1 -17.8 12, 581 34,008 31, 534 29,672 36,444 35, 164 32, 751 -3.5 +7.4 293, 369 290, 638 11,910 14,452 15, 714 16, 026 14, 839 15, 455 13, 191 +4.2 +17.2 122, 575 23, 610 24, 965 28, 446 29,002 30, 631 30, 137 30, 569 32, 755 28,899 28, 526 29, 474 27, 847 26, 205 27, 729 +2.0 -2.4 +12.5 +0.4 276, 714 274, 577 159, 852 +30.4 &* 316,489 +14^4 317, 475 +15.6 6,780 6,256 7,528 6,958 6,325 6,108 6,814 -3.4 -10.4 75, 140 79, 441 +5.7 869, 738 1, 519, 076 1, 010, 791 707, 392 420, 883 903, 031 869, 599 701, 116 566, 530 1, 182, 175 1, 323, 367 1, 328, 703 420, 026 748, 093 991, 366 318, 741 570, 704 760, 990 -40.6 +6.7 -25.4 +31.8 +31.1 +30.3 5, 616, 815 5, 902, 232 4, 930, 020 4, 612, 930 -12.2 -21.8 20, 863 15, 346 126, 584 67, 951 280, 383 123, 167 272, 893 143, 080 219, 532 133, 837 237, 127 141, 595 182, 334 170, 499 +8.0 +5.8 +30.1 -17.0 1, 806, 754 1, 460, 201 -19.2 19, 677 236, 200 .094 2,062 61, 889 159, 629 .099 2,437 204, 255 220,449 .099 2,678 223, 886 322, 857 .096 2,621 217, 211 431, 694 .103 2,522 205, 804 511, 162 .103 2,283 143, 230 539, 445 .101 2,162 -5.3 +18.4 0.0 -9.5 +43.7 -5.2 +2.0 +5.6 1, 592, 888 1, 328, 463 -16.6 24, 621 26, 933 +9.4 34, 760 19, 794 944 185, 723 61, 350 22, 013 405, 150 124, 196 60, 015 387, 160 160, 899 40, 482 315, 442 182, 173 60, 272 337, 989 237, 067 34, 135 258, 150 176, 416 53, 249 +7.1 +30.1 -43.4 +30.9 +34,4 -35.9 2,648,053 2, 085, 350 -21.2 440, 550 290, 510 -34.1 1,025 426 310 3,812 1,260 615 6,600 2,348 2,585 2,140 2,862 1,243 770 199! 1,257 369 283 1,063 723 577 3,312 -52.1 +42.2 -15.4 -49.0 -51.0 -67.9 20, 163 11, 692 18, 104 10, 624 -20.0 -9.1 137 1,068 62 1,254 1,014 1,209 515 1,417 115 1,533 69 1,411 101 1,181 -40.0 -8.0 -31.7 +19.5 2,929 21, 820 2,240 17, 619 -23.5 -10.3 13, 571 .098 14, 443 .098 15, 437 .101 13, 622 .102 8,375 .101 .100 13, 023 .098 127, 407 -1.0 170, 859 +2.0 +34.1 16, 051 52, 392 26, 257 38, 772 30, 071 51, 894 31, 468 44, 131 26, 141 46, 569 22, 859 27, 056 44, 367 -50.9 -48.5 206, 416 663, 299 274, 837 +33.1 561, 549 -15.3 92, 108 32, 728 84, 221 46, 105 114, 523 78, 069 73, 322 39, 508 138, 239 158, 204 84, 423 30, 365 140, 775 173, 890 43, 532 35, 627 142, 532 197, 219 32, 963 21, 415 130, 063 188, 742 22, 537 16, 762 82, 368 152, 560 23, 542 14, 284 -8.7 -4.3 -31.6 -21.7 +57. 9 +23.7 -4.3 +17. 3 481, 256 314, 495 522, 787 305, 522 +8.6 -2.9 10, 394 14, 588 17, 939 22, 528 22, 058 28,272 10, 561 15, 955 7,641 11, 866 3,399 9,559 5,956 11, 560 -55.5 -19.4 -42.9 -17.3 168, 307 226, Oil 96, 270 150, 036 -42.8 -33.6 29, 220 30, 928 48, 957 80, 633 53, 242 25, 032 IS, 647 -53.0 +34.2 296, 741 413, 746 +39.4 1.19 1.19 1.16 1.16 i i 0'•,\ 1. , 1.21 1.35 +5.2 -10.4 1.38 1.45 1.44 1.45 1.39 1.42 1.51 +2.2 -6.0 1.06 1.07 1.10 1.12 1.11 1.14 1.33 +2.7 -14.3 45, 289 9,690 * 42, 246 7,600 45, 759 7,794 42, 823 7,246 +8.3 +2.6 +6.9 +7.6 500, 850 80, 788 521, 448 +4.1 90, 380 +11.9 +8.1 +8.5 +1.6 -7.5 109, 178 123, 812 17. 702 113, 129 +3.6 126, 736 +2.4 19. 791 -4-11.8 -0.9 Cottonseed Cottonseed: Receipts at mills short tons Consumption (crush) _. short tons__ Stocks at mills, end of month_ .short tons.. Cottonseed oil, crude: Production thous. of lbs._ Stocks, end of month.. thous. of lbs__ Cottonseed oil, refined: Production -thous. of lbs._ Stocks, end of month thous. oflbs.. Price, yellow, prime, N. Y dolls, per lb_. Consumption in oleomarg thous. of lbs._ Cottonseed cake and meal: Production . - short tons.. Stocks, end of month short tons.. Exports .short tons. . 169, 498 73, 795 117, 484 Flaxseed Minneapolis and Duluth: Receipts thous. of bushs.. Shipments _ .thous. of bushs.. Stocks, end of month thous. of bushs.. Mill receipts at DuluthSuperior - -thous. of bushs.. Imports thous. of bushs. . Linseed oil: Shipments from Minneapolis.thous. of lbs__ Price, New York dolls, perlb.. Linseed cake and meal: Shipments from Minneapolis.thous. of lbs._ Exports ..thous. of lbs_. FOODSTUFFS Wheat Visible supply, end of month: United States ...thous. of bushs.. Canada thous. of bushs_. Receipts, principal markets _.. thous. of bushs. _ Shipments, principal markets.thous. of bushs.. Exports: United StatesWheat only thous. of bushs_. Including wheatflour.thous.of bushs. . CanadaIncluding wheat flour.thous. of bushs_. Prices: No. 1, Northern spring, Minneapolis. _. .dolls, per bush__ No. 2 Red Winter, St. Louis dolls, per bush.. No. 2 Hard Winter, Kansas City.. ...dolls, per bush.. Wheat Flour Grinding of wheat: United States thous. of bushs ^. Canada . -thous. of bushs . Production: United States, actual thous. of bushs.. United States, prorated thous. of bbls.. Canada thous. of bbls.. 4 Revised. 4 47, 657 7,330 4 48, 014 8, 554 4 52, 890 9,473 4 10, 370 11, 563 1.590 4 10, 512 11, 197 1, 892J 4 11, 587 13,316 2.130 4 4 9, 909 11, 200 2.175 4 9, 269 10,229 1.672 10, 022 1.698 4 4 9, 242 10, 502 1.579 37 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October November December PER CENT INCREASE (+) OR DECREASE ( — ) 1928 1939 January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 1927 1928 +6.3 +7.3 8, 665, 202 9,105,982 +5.1 111, 596 113, 521 +1.7 +45. 8 +10.0 0.0 +21.8 12, 814 9,262 FOODSTUFFS— Continued Wheat Flour— Continued Production, grain offal Capacity operated flour mills Consumption (computed) Stocks, all positions, end of month (computed) Exports: United States Canada Wholesale prices: Standard patents IMinn Winter, straights Kansa^ City thous. of Ibs per cent thous of bbls 4 819, 994 58 10, 431 4 820, 934 66 9,077 4 910, 900 66 12, 536 4 780, 189 61 10, 401 thous. of bbls 7,400 8,500 7,900 932 925 1,020 890 1,381 1,171 1,199 1,159 dolls per bbl 6.62 6.59 6.41 dolls per bbl 5.66 5.65 5.59 1,018 9,985 21,467 15,778 5,193 .97 668 7,114 19, 658 11, 949 6,541 .99 27, 271 15, 687 2,403 .39 988 727, 305 57 9,420 7,500 thous. of bbls thous. of bbls 4 791, 828 59 4 745, 242 55 8,207 +8.9 +3.5 7,150 7,730 939 933 1,369 933 1,245 766 6.23 6.13 6.34 7.45 +3.4 5.50 5.52 6.70 +0.4 -17.6 870 2,271 13, 323 9,044 7,725 .94 2,124 7,223 26, 921 11, 868 7, 535 .90 6,288 17, 790 42, 712 18, 564 6, 550 .86 12, 357 28, 012 39, 876 19, 838 8,364 .92 1,661 30, 078 36, 001 19, 551 8,330 .89 +96 5 +57.5 -6.6 +6.9 +27.7 +7.0 -6.9 +10.8 +1.5 +0.4 +3.4 14, 375 18, 004 2,308 .43 1,100 13, 872 17, 882 1,653 .45 1,292 10, 834 16, 935 822 .47 1,112 11, 196 17, 118 951 .49 896 9,919 16, 212 703 .52 824 10, 495 21, 519 623 .56 . 1, 040 15, 968 16, 499 17, 760 13, 988 11, 580 9,956 23, 611 6,313 8,758 21, 710 8,084 14, 830 16, 797 8,962 11, 639 7,377 9,627 5,263 6,476 9,250 6,873 .73 .67 .62 55 2,636 1,440 709 .98 6,001 1,927 2,471 1.00 6,770 4,437 3,098 1.05 27, 476 42, 805 45, 533 11, 949 -6.8 10, 747 +16.0 -14.9 5.53 4 Corn Exports including meal thous of bushs Visible supply end of month thous of bushs Keceipts, principal markets.. _thous. of bushs.. Shipments, prin. markets thous. of bushs.. Grindings (starch, glucose) thous. of bushs.. Price, No 2, Chicago dolls per bush 14, 976 26, 900 +79.6 247, 412 137, 093 85, 548 331, 047 +33.8 212, 465 +55.0 86, 922 +1.6 -5.5 -11.4 -5.3 -24.7 -26.1 +12.8 +6.1 -7.1 -8.0 -20.8 148, 787 154, 281 +3.7 10, 179 10, 583 +4.0 10, 245 11, 403 +11.3 12, 461 -14.0 -20.1 121, 366 149, 620 +23.3 6,401 2,359 1,901 -3.4 +278. 6 -66.9 +19.8 65, 507 102, 498 +56.5 8,932 2,277 40, 555 57, 597 +42.0 .57 .60 .93 +5.3 -35.5 1,515 4,143 1,401 1.06 2,083 5,726 499 1.06 1 477 3,656 519 1.09 41, 751 27, 925 -33.1 197 1.04 -60.5 -1.9 -62.0 -4.6 36, 173 14, 671 -59.4 25, 564 26, 477 25, 093 -5.2 +104. 6 327, 898 255, 778 -22.0 338, 269 1, 197, 924 2, 113, 697 1, 935, 761 947, 584 Oats Receipts, principal markets... thous. of bushs.. Visible supply, end of month.. thous. of bushs.. Exports, including meal thous. of bushs Price, contract grades, Chi dolls, per bush.. Grindings, Canada thous. of bushs . Production, oatmeal and rolled oats, Canada thous, of Ibs Barley Receipts, principal markets. __ thous. of bushs.. Visible supply, end of month. .thous. of bushs.. Exports. thous. of bushs Price, fair to good, malting, Chicago dolls per bush Bye Receipts, principal markets thous. of bushs.. Visible supply, end of month. -thous. of bushs.. Exports, including flour thous. of bushs _ Price No 2 Chicago dolls per bush Total Grains Total grain exports, incl. flour. thous. of bushs.. 12, 264 Bice Southern paddy, receipts at mills bbls__ Shipments: Total from mills pockets (100 Ibs ) New Orleans pockets (100 Ibs.) Stocks, end of month pockets (100 Ibs ) Exports pockets (100 Ibs.) Imports pockets (100 Ibs.) Other Crops Apples: Cold-storage holdings, end of month thous. of bbls Car-lot shipment carloads Potatoes: Car-lot shipments carloads Onions, car -lot shipments __ _. carloads Citrus fruits, car-lot shipments carloads.. Hay, all tame, receipts.. _ tons.. 346, 076 777, 583 1, 245, 714 1, 277, 631 1, 053, 585 202, 697 251, 453 205, 384 96, 643 147, 464 695, 660 1, 108, 564 2, 142, 144 2, 886, 600 2, 792, 141 126, 668 152, 906 228, 255 408, 917 542, 283' 6,026 8,864 15, 412 16, 663 29, 774 9, 634, 168 10, 247, 434 2, 103, 510 2, 016, 420 +6.4 -4.1 +7.6 +45.2 -24.2 -6.2 +29.2 +44.3 98, 505 116, 102 +17.9 +51.3 -0.9 +51.2 -21.8 +14.4 +68.1 +53.3 +4.5 246, 151 32, 368 105, 993 696, 008 250, 626 +1.8 33, 759 +4.3 94, 176 -11.1 642, 987 -7.6 1,631 18, 085 8,733 44, 034 10, 392 19, 331 4 9, 052 8,161 6,859 7,656 15, 538 2,561 4,254 59, 774 20, 267 6,009 3,636 64, 511 28, 921 4,115 5,868 60, 558 17, 593 2,158 11,671 54, 962 12, 872 1,611 13, 314 42, 958 19, 479 2,436 15, 226 65, 854 19, 665 3,114 9,057 63,009 1,829 814 336 1,007 2,191 1,067 563 1,069 4 4 1,510 598 253 910 1,635 567 178 1,051 1,771 660 234 1,080 366, 012 355, 846 1 4 867j 419, 676 431, 078 1,119 387, 750 397, 395 974 84 4,170 9, 208, 835 10, 252, 010 +11.3 853, 581 1, 118, 120 146, 342 -28.7 158, 323 2, 106, 310 504, 921 -6.9 469, 435 76, 593 52, 744 +157. 2 5,307 5,305 -7.6 3, 099, 943 3, 793, 709 +22.4 522, 071 335, 984 -35. 6 Cattle and Beef Cattle movements, primary markets: Receipts thousands Shipments, total thousands Shipments, stocker and feeder, .thousands __ Local slaughter .thousands. _ Beef products: Production, inspected thous. of Ibs. _ Apparent consumption thous. of lbs_. Exports thous. of lbs._ Cold-storage holdings, end of month thous of Ibs Prices: Cattle corn-fed Chicago dolls per 100 Ibs Steer rounds, No. 2. ...dolls, per lb_. Western dressed steers. N. Y.-dolls. per lb.. 4 Revised. 398, 056 407, 512 4 1,419 4 418, 882 433, 958 647 4 4 2, 541 1,327 799 1, 195 430, 688 421, 850 4 1, 276 31, 065 37, 223 58, 036 15.11 .244 .260 16.19 .259 .284! 14.63 .255 .282 4 4 1, 963 4 944 4 497 1, 038 410, 226 397, 635 4 934 4 79, 633 14.28 .253 .262 4 4 98, 913 93, 932 14.28 .245 .245 13.53 .240 .245 4 71,651 15.80 .220 .230! +8.3 -5.2 -29.6 +15.5 -7.7 -14.1 -23.9 -2.7 +14.5 +8.2 +21.1 +8.5 +29.1 +14.9 -5.0 +31.1 -5.3 -2.0 0.0 14 4 +9.1 +6.5 22, 764 9,173 3,612 13, 459 21, 477 9,008 3,966 12, 307 -5.7 -1.8 +9.8 -8.6 5, 277, 126 4, 727, 008 -10.4 5, 359, 806 4,813,352 -10.2 13, 314 -31.2 19, 358 38 TREND OF BUSINESS MOVEMENTS—Continued 1938 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October 1929 November December PER CENT INCREASE (+) OR DECREASE (— ) 1938 January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1937 1928 Perct. increase ( } or t decrease (-) cumulative 1928 from 1927 FOODSTUFFS— Continued Hogs and Pork Hog movements, primary markets: Receipts .. ..-_ thousands. . Shipments, total thousands . Shipments, stocker and feeder__thousands__ Local slaughter thousands . . Pork products, total: Production, inspected thous. of lbs__ Apparent consumption thous. of lbs__ Exports thous. of lbs_. Cold-storage holdings, end of month: Total thous. of Ibs Fresh and cured thous. of Ibs., Lard (included in pork products) : Production _ thous. of Ibs.. Exports .thous. of Ibs.. Cold-storage holdings, end of month thous. of lbs_. Prices: Hogs, heavy, Chicago.— dolls, per 100 Ibs.. Hams, smoked, Chicago dolls, per lb._ Lard, prime contract, N. Y _ _ .dolls, per lb__ 4 4,773 1,529 48 3,230 2,523 1,160 43 1,363 2,600 1,093 55 ],50C 466, 696 550, 185 81, 924 434, 296 588, 472 65, 617 C23, 716 675, 222 75, 384 859, 903 682, 015 641, 977 515, 087 516, 634 4 529, 019 * 755, 256 433, 160 * 461, 762 4 670, 039 92, 401 50, 658 80, 135 46, 158 113,968 59, 8C5 141, 720 67, 716 196, 500 86, 358 ~~~89,~ 932 177,888 126, 890 33, 474 *6/,257 1 85, 217 141, 571 84, 007 +66.1 +68.5 11.71 .249 .128 12.43 .254 .132 10. o; .26C .124 9.02 .243 .121 8.78 .244 .117 9.10 .232 .121 8.32 .212 .124 +3.6 -4.9 +3.4 +9.4 +9.4 -2.4 2,362 1,250 564 1,097 3,386 2,161 1,080 1,213 3,938 2,485 1,466 1,403 2,053 1,091 544 1,016 1,610 693 193 917 1,876 837 188 1,040 1,705 705 116 994 +16.5 +20.8 -2.6 +13.4 +10.0 +18.7 +62.1 +4.6 23, 939 12, 482 4,901 11, 459 25, 597 13, 323 5,009 12, 252 +6.9' +6.7 +2.2 +6.9 44, 525 44, 443 1,691 49, 237 49, 042 2,113 54, 107 52,077 4,321 45, 546 4 44, 756 * 5, 472 41, 079 * 41, 051 4 5, 623 45, 485 47, 140 4,009 47, 081 47, 055 4,404 +10.7 +14.8 -28.7 -3.4 +0.2 -9.0 501, 746 503, 569 522, 549 523, 560 +4.1 +4.0 5.72 14.31 5.50 14.16 5.35 13.08 5.31 12.69 6.28 13.78 8.39 15.59 6.05 12.65 56, 888 49, 798 52, 201 4 60, 392 82, 915 88, 715 64, 219 +7.0 Production, inspected.thous. of Ibs.. 909, 277 902, 414 1, 108, 511 1, 197, 158 1, 376, 212 1, 439, 221 1, 370, 298 Cold-storage holdings, end mo... thous. of Ibs. _ 949, 547 731, 111 631, 192 4 674, 516 942, 707 1, 166, 299 879, 919 Apparent consumption thous. of Ibs.. 1,002,140 1, 074, 207 1, 149, 147 <1, 083, 627 1, 030, 724 1, 105, 886 1, 120, 118 +4.6 +23.7 +7.3 +5.0 13, 509, 707 13, 827, 884 +32.5 -1.3 12, 568, 779 12, 668, 257 +2.4 344, 209 +3.4 3, 666 1,341 65 ^2,311 4 4, 075 1,475 62 * 2, 602 741, 385 969, 121 ' 041, 378 * 633, 827 109, 671 88, 592 5,306 1,849 77 3,443 +6.0 +23.7 -2.1 -2.0 -4.6 +2.3 -39.0 -8.0 41, 410 15, 045 922 26, 345 974, 060 935, 467 627, 668 4 676, 377 122, 577 98, 794 +0.5 -1.0 +11.8 +4.1 -7.2 +24.1 7, 730, 761 6, 705, 555 984, 349 8, 579, 288 +11. 0< 7, 330, 460 ; +9.3 1, 084, 785 +10.2 739,645 655, 638 +29.7 +25.1 +32.4 +27.8 1, 556, 747 681, 303 1, 749, 749 +12.4 759, 686 +11.5 5,061 1,891 47 3,166 979, 643 838, 072 190, 557 70, 660 ~"+4.~I ""+27." 3 46, 527 17, 190 735 29, 284 +12.4 +14. 3 -20. 3 +11.2 Sheep and Lambs Sheep movement, primary market: Receipts thousands.. Shipments, total. . thousands.. Shipments, stocker and feeder-thousands.. Local slaughter . > thousands.. Lamb and mutton: Production, inspected thous. of lbs__ Apparent consumption _ . thous . of Ibs . . Cold-storage holdings, end mo.thous. of Ibs.. Prices: Sheep, ewes, Chicago dolls, per 100 Ibs.. Sheep, lambs, Chicago— dolls, per 100 Ibs.. +33.6 +38.7 +13.1 +23.2 Miscellaneous Meats Cold-storage holdings, end mo__. thous. of lbs__ +38.1 Total Meats +0.8 Poultry Receipts at 5 markets . thous. of lbs__ Cold-storage holdings, end mo_ ..thous. of lbs_. 60,812 69, 965 * 79, 173 4 109, 684 22,361 40, 749 23, 859 43, 578 * 35, 613 58,093 30, 130 66, 170 24, 284 71, 352 27, 129 73, 410 23, 236 * 77, 677 832, 632 1, 113, 495 168, 963 121, 152 810, 723 253, 265 504, 854 145, 725 30, 969 102, 431 29, 347 118, 154 -55.7 -6.6 +5.5 -13.3 62,389 14, 300 53, 921 -20.1 +15.7 170, 690 205,096 254, 394 168, 946 +20.2 +21.4 1, 144, 242 1, 340, 415 +17. 1 355, 904 Fish Total catch, prin. ports... thous. of bbls.. Cold-storage holdings, 15th of mo.thous. of lbs__ Canned salmon: Shipments United States cases Exports, Canada cases.. *78,090 Butter Production (factory) Receipt, 5 markets . Cold-storage holdings, creamery, end of month Apparent consumption _ _ Wholesale price, New York thous. of lbs_. thous. of lbs__ 142,688 55, 339 119, 084 44, 969 104, 702 * 41, 884 87, 522 36, 616 92, 594 36, 863 102,827 44,925 106, 295 42, 271 + 11.1 +21.9 -3.3 +6.3 1, 496, 495 582, 456 1, 456, 709 578, 773 -2.7 -0.6 thous. of lbs_. thous. of Ibs. . dolls, per lb._ 136, 175 186,461 .47 128, 071 168, 408 .49 105, 811 148, 598 .48 4 70, 985 158, 627 .51 4 43, 783 166, 048 .51 24,750 1574, 57 .48 28,273 159, 687 .49 -43.5 -5.2 -5.9 -12 5 -1.4 —2 0 2, 088, 221 2, 047, 769 -l.» 41, 578 18, 727 35, 189 37,431 18, 222 41,291 39,003 4 18, 665 48, 357 24, 351 14,180 40, 872 24, 690 11, 691 37,340 21,510 13, 781 40, 192 29,238 14, 409 37, 408 -12.9 +17.9 +7.6 -26.7 -4.4 +7.4 482, 095 218, 164 491, 093 468, 883 196, 614 471, 966 -2.7 -9.9* -3.9 101, 498 5,597 215 15,788 98,339 6,744 141 17, 123 97, 421 9,410 204 24,282 * 89, 970 9,379 278 15,431 4 85, 730 8,836 190 5,573 74, 095 7,291 244 1,500 55, 862 5,347 257 1,324 -13.6 +32.6 -17.5 +36.4 +28.4 -5.1 -73.1 +13.3 79, 797 3,387 110, 534 81, 402 +2.0 2,601 -23.2 114, 152 +3. S 83,906 .26 81,833 .27 82, 318 .26 4 74, 325 .25 4 68, 075 .26 57, 832 .26 41, 793 .29 -15.0 -3.8 +38.4 -13.8 Cheese Total, all varieties: Production (factory) thous. of Ibs.. Receipts, 5 markets . . .. thous. of Ibs.. Apparent consumption thous. of lbs_. Cold-storage holdings, end mo. _ _ ... thous. of Ibs.. Imports thous. of Ibs.. Exports, United States thous. of lbs_. Exports, Canada thous. of Ibs.. American whole milk: Cold-storage holdings, end of month thous. of Ibs Wholesale price, New York dolls, per Ib f Eggs Receipts, 5 markets . . thous. of cases Cold-storage holdings, end of month: Case thous. of cases Frozen. _ thous. of lbs._ 4 Revised. 1,076 939 4794 54« 606 918 862 +51.5 +6.5 9,944 89, 196 8,542 82,255 6,247 73, 327 4 3, 542 * 64, 201 1,415 4 56, 181 246 48,084 26 38, 575 -82.6 -14.4 +24.7 16, 204 16, 138 -0.4 39 TREND OF BUSINESS MOVEMENTS—Continued 1929 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October November December 1938 January January PER CENT INCREASE (-f) OR DECREASE (— ) Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Per ct. increase ( } or-t decrease (-) cumu~ lative 1928 from 1927 FOODSTUFFS-Continued Milk Condensed milk: Total stocks, mfrs., end mo.— Case goods thous. of Ibs Bulk goods thous. of lbs__ Unsold stocks, mfrs., end mo.— Case goods thous. of lbs_ Bulk goods thous Exports thous of Ibs Wholesale price, New York-dolls, per case_. Evaporated milk: Manufacturers' stocks, end of mo.— Total, case goods thous. of Ibs Unsold, case goods thous. of Ibs Exports _ __ thous. of Ibs _ Wholesale price, New York-dolls, per caseProduction, condensed and evaporated milk thous. of Ibs Powdered milk: Manufrs.' stocks, end mo thous. of lbs._ Exports thous. of Ibs Net new orders _. -thous. of lbs__ Fluid milk: ReceiptsBoston (includ. or earn). -thous. of qts_. Greater New York thous. of qts__ ProductionMinneapolis, St. Paul. ..thous. of lbs._ Consumption in manufacture of oleomargarine thous. of lbs._ 18,864 * 14, 759 4 8, 165 14, 398 10, 393 6,088 20, 618 8,457 -27.8 -25.4 -49.6 -28.0 13, 588 3, 640 3,335 6.18 9,4*28 * 3, 556 2,892 6.18 5,339 2,742 3,432 6.18 15, 151 5,216 3,819 6.00 -43.4 -22.9 +18.7 0.0 -64.8 -47.4 -10.1 +3.0 34, 887 38,624 +10. 7 165, 682 134, 259 5,583 4.58 158, 293 164, 989 138, 808 4 136, 271 6,276 5,264 4.58 4.58 153, 283 133, 835 4,821 4.58 137, 113 112, 430 6,021 4.58 118, 444 95, 120 7,360 4.58 -10.5 -16.0 +24.9 0.0 +15.8 +18.2 -18.2 0.0 68, 048 76, 791 +12. 8 152, 451 136, 170 121, 287 82, 285 108, 290 108,812 119, 410 +0.5 -8.9 1, 855, 720 19, 941 526 6,736 18, 857 322 5,662 16, 864 313 6,284 * 13, 824 502 6,188 4 13, 366 365 5,945 12, 355 372 5,496 8,334 236 4,880 -7.6 +1.9 -7.6 +48.2 +57.6 +12.6 3,326 65, 380. 19, 081 117, 162 17, 329 113, 552 18, 385 116, 849 * 16, 886 108, 685 4 17, 087 24, 413 21, 572 20, 274 21, 678 7,014 8,530 9,151 8,931 8,624 8,036 4 89, 047 315, 722 417, 983 465, 386 104, 841 257, 825 436, 122 357, 506 57, 602 229, 477 404,450 234, 429 16, 087 194, 351 285, 122 221, 196 68,900 255, 768 332, 872 221, 334 66, 428 26, 725 7,413 61, 799 32, 920 11,971 48,231 25, 007 14, 887 44,824 19, 168 8,213 50,026 28,042 8,243 40, 958 29, 542 3,184 .042 .056 .063 127 .039 .052 .062 126 .039 .051 .060 124 .039 .052 .060 122 .038 .050 .061 122 .043 .057 .063 129 168, 638 370, 339 630, 548 154, 547 323, 317 446, 210 123, 919 287, 075 288, 393 92, 648 259, 469 125, 449 638, 996 237, 350 457, 157 925 1,655 809 882 993 1,033 1,148 +4.0 -10.0 10, 859 12, 022 +10. 7 5,515 793 1,181 5,378 702 1,040 5,390 693 1,157 5,393 752 1,287 5,267 783 1,034 5,038 732 1,139 4,862 782 1,224 -4.3 -6.5 +10.2 +3.6 -6.4 -6.9 1,057 548 .173 997 570 .173 1,330 667 .178 993 544 .181 4 1, 166 673 .181 1,176 678 .183 1,248 687 .148 8,086 179, 106 .325 9,754 194, 681 .325 10, 512 209, 701 .310 9,417 224, 717 .310 9,264 240, 738 .310 4,011 13, 461 .1213 3,724 6,388 .1163 15, 326 5,450 .1125 33,805 6,636 .1055 48,268 14, 164 .1050 30, 542 19, 332 27,837 17,604 2^,949 14,429 24, 159 8, 367 3,246 6.18 21, 821 6,351 3,405 6.18 17, 818 4,840 2,531 6.18 161, 679 101, 819 6,343 4.45 4 17, 490 109, 709 213, 032 1, 823, 436 -1.7 4,018 +20. 8 71, 558 +9.4 214, 375 +0.6> 26, 140 7,190 -6.8 +11.8 76, 233 93, 495 +22. & Sugar Raw: Imports— From Hawaii, Porto Rico— long tons.- * 107, 202 From foreign countries long tons.. 274, 366 471, 175 Meltings, 8 ports _. ._ . long tons Stocks at refineries, end month—long tons.. 488, 161 Refined: 82, 773 Shipments, 2 ports long tons 34, 049 Stocks, 2 ports long tons 11,329 Exports, including maple long tons.. Prices: .041 Wholesale, 96° centrif., N. Y._ dolls, per lb._ .055 Wholesale, granulated, N. Y. dolls, per lb._ .063 Retail granulated, N. Y .dolls, per lb._ 129 Retail average, 51 cities relative to 1913 Cuban movement (raw) : Receipts at Cuban ports long tons.. 182, 414 348, 808 Exports.. long tons 829, 437 Stocks, end of month . long tons Coffee Imports _ thous. of bags.. 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 U. S thous. of bags.. Price, Rio No. 7, Brazil grades ...dolls, per lb_. Tea Imports ..thous. of Ibs.. Stocks, United Kingd., end mo.. thous. of Ibs.. Price, Formosa, fine, New York. -dolls, per lb_. 45, 026 +328. 3 219, 926 +31.6 307, 050 +16.7 192,968 +0.1 +53.0 +16.3 +8.4 +14.7 +11.6 +22.1 +46.3 -5.1 +0.4 +158. 9 1,201,213 1, 360, 682 +13.3 3, 675, 702 3, 443, 615 -6.3 4, 882, 351 4, 726, 175 -3.2 809, 800 713, 862 -11.8 111, 764 111, 895 +0.1 238, 129 +589. 7 +168. 3 4, 258, 418 212, 161 -8.5 +11.9 4, 064, 126 177, 801 +264. 4 +157. 1 3, 970, 201 3, 976, 268 -6.8 -2.2 10,073 8,160 251, 387 4252,927 .322 .325 -2.6 -3.8 +1.7 0.0 -11.6 -12.3 -3.2 -5.5 15, 686 14, 119 -10.0 +0.9 —5.8 +0.7 -1.3 +1.1 +23.6 14, 934 7,984 13, 660 7,299 -8.5 -8.fr +8.7 +4.4 +3.9 +23.4 -0.6 -0.9 89, 601 89, 983 -0.4 +24.0 +24.7 +11.2 —5.1 -1.1 -23.8 244, 173 189,726 Cocoa Shipments from the Gold Coast and Nigeria, Africa** long tons Imports... _ long tons Spot price, Accra, New York .Idolls.. 59, 863 15, 753 .1038 47, 996 16, 600 .1363 269, 974 +10.6 169, 298 -10.8 TOBACCO Consumption (tax-paid withdrawals): 427, 716 413, 532 Large cigars thousands 601,877 586, 267 723, 318 630, 531 411, 910 Small cigarettes thousands 10, 627, 344 9, 126, 271 9, 921, 537 8,536,426 7, 515, 101 10, 160, 263 8,369,087 25, 369 33, 160 30, 146 33, 002 31, 789 34,981 35, 333 Manufac. tobacco and snufL. thous. of lbs._ Exports: 68, 566 45, 804 78, 170 42,958 57,509 26, 833 Unmanufactured thous. of lbs._ 88, 509 Cigarettes .... thousands 860, 791 961, 827 956,846 1, 114, 381 1, 109, 392 1, 010, 368 962, 574 142, 869 142, 034 174, 741 135,470 133, 718 122, 627 Sales of loose-leaf, warehouses thous. of lbs._ 70, 579 25. 691 9.896 23. 227 7.871 Price, leaf, Kentucky dolls, per 100 Ibs.. 11. 580 12. 077 Stocks, end of quarter: Chewing, smoking, snuff, and 2 21,373,637 31,519,935 1,275,639 export thous of Ibs 2 278, 845 2 308, 707 3 300, 543 Cigar tobacco thous. of lbs__ 21,750,089 21,680,461 31,922,743 Total, including imported thous. of Ibs.. 2 Quarter ending in month indicated. Quarter ending Dec. 1927. +3.8 +35.2 +30.7 +3.4 6, 571, 375 6, 453, 669 +21.4 97, 176, 607 105, 915, 965 384, 112 394, 075 +0.5 -33.2 -8.9 +22.3 +6.6 +5.0 +29.0 +7.7 -9.7 +4.1 -1.8 +9.0-2.5 583, 843 +14.1 511, 788 7, 093, 039 11, 706, 110 +65. 0 817, 969 -15.2 964,245 -9.6 -7.2 -9.0 4 Revised. 40 TREND OF BUSINESS MOVEMENTS—Continued | 1938 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" September August PER CENT INCREASE (+) OR DECREASE (— ) 1929 October November December 1938 January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 Perct increase (+) or decrease (-) cumulative 1928 from 1927 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 TRANSPORTATION River and Canal Cargo Traffic Panama Canal: Total cargo traffic. . .thous. of long tons.. In American vessels thous. of long tons._ In British vessels . thous. of long tons _ Sault Ste Marie canals thous of short tons New York State canals thous. of short tons . Cape Cod Canal short tons_. Suez Canal thous. of met. tons Welland Canal __ short tons.. St. Lawrence Canal short tons Mississippi River Govt. barges short tons.. Ohio River, Pittsburgh, Pa., to Wheeling, W. Va short tons Allegheny River . _ short tons _ Monongahela River __ _ _ short tons_. Ohio River tonnage originating, quantity: Pittsburgh district thous short tons Huntington district thous short tons Cincinnati district thous short tons Louisville district thous short tons Total thous short tons 2, 715! 1,111; 750 1, 262 2,859 1,218 806 2,372 1,019 698 +5.3 +9.6 +7.5 +20. 5 +19. 5 +15. 5 29, 104 15, 347 6,982 83, 355 29, 394 +1.0 13, 560 -11.6 8,195 +17.4 86, 993 +4.4 153, 838; 3, 0501 109, 793 84, 838 < 135, 439 141, 496 < 73, 095 2,647 None. None. 105, 521 -8.0 +93. 6 -0.3 +27.9; 825, 147 29, 598 7, 447, 459 7, 912, 952 1, 147, 236 1, 373, 457 +66.4 32, 622 +10.2 7, 433, 617 -0.1 8, 411, 542 +6.3 1, 435, 560 +25.1 940, 397 963, 766 1, 010, 860 764, 893 478, 265 517, 488 1, 034, 775 302, 344 288,629 377, 744 88, 940 161, 860 346, 670 81,585 2, 304, 619 2, 305, 681 2, 396, 557 2, 302, 719 2, 114, 671 2, 287, 541 2, 327, 246 -37.5 -45.1 +8.2 3 2, 385 3 1, 281 3139 3 1, 140 3 4, 945 -11.3 -2.0 +33.1 -7.5 -7.1 2,502 2,582 2,313 2,425 1,145 1,140 1,195 1,103 691 602 679 707 10,458 12, 812 13, 603 13, 680 328 536 411 517 140, 464 160, 903 130, 566 148, 691 2,749 2,622 2,634 2,602 996, 833 1, 115, 190 1, 008, 483 1,115,601 1, 359, 561 1, 150, 058 1, 270, 051 1, 082, 545 120, 444 * 148, 218 148, 377 113, 903 2 2, 932 2 1, 423 2139 » 1, 178 25,673 135, 655 2 2 602 1, 394 2185 2 1, 090 2 5, 271 2 -7.6 9, 622, 134 10,175,011 +9.0 2, 946, 695 2, 873, 495 -1.7 24, 402, 468 26, 097, 158 +5.7 -2.5 +6.9 10, 021 5,255 547 4,132 19, 956 +4.5 -0.6 -8.7 —5.6 +0.6 +9.1 +8.8| +33.1J -4.4J +6.6 9,587 5,286 599 4,375 19,846 Ocean Traffic j Clearances, vessels in foreign trade: Total • thous. of net tons American thous. of net tons . Foreign thous of net tons 8,377 3,173 5,204 7,365 2,912 4,453 7,806 3,252 4,554 7,764 3,612 4,152 5,956 2,388 3, 568 5,484 1,950 3,534 5,163 1,865 3,298 -7.9 -19.3 -1.0 +6.2 +4.6 +7.2 12, 537 2,245 27,833 24, 483 7,148 4,318 4,913 1,382 3,880 1,812 7,413 3,392 9,294 2,888 +91.1 +87.2 -20.2 +17.5 235 242 260 169 94 cars cars cars 201, 864 114, 355 47, 615 103,906 53, 170 21, 809 105, 017 54, 263 21, 128 222, 539 104,272 75, 799 411, 320 199,443 159, 147 278, 213 136, 959 92, 243 403, 792 182, 001 169, 463 -32.4 -31.3 -42.0 -31.1 -24.7 -45.6 cars cars cars 8 None. 8 279 None. 159 44 None. 44 None. None. None. None. None. None. 79 None. 11 4 3 None. 79, 732 31,804 47, 928 +5.7 +7.1 +5.0 None. +97.5 None. None. None None. +3.5 51,635,806 51,577,903 -19.1 -3.0 2,378^742 2, 511, 537 -24.8 -7.6 1, 546, 967 1, 520, 376 -15.1 -8.8 +13.9 9, 781, 664 9, 301, 746 -6.2 3, 422, 609 3, 334, 430 -20.5 1, 891, 773 1,908,716 +8.8 -31.5 -1.3 13, 245, 186 13, 155, 475 -21.6 +4.8 19,368,865 19,845,623 -22.2 -0.1 +5.6 -1.7 -4.9 -2.6 +0.9 -0.7 +2.5 75,440 29,694 45, 647 Shipbuilding Completed during month: Total gross tons Steel seagoing gross tons Building or under contract, end of month: Merchant vessels thous of gross tons 214 Freight Cars Surplus (daily av. last week of month): Total Box Coal Shortage (daily av. last week of month): Total Box Coal Car loadings: Total _ Grain and grain products.__ Livestock Coal and coke Forest products Ore __ _ . Merchandise and 1. c. 1 Miscellaneous _ __ cars 4, 230, 809 5, 586, 284 4, 700, 796 4,245,028 4,413,778 3,570,978 3, 448, 895 181, 968 * 187, 679 cars _ 231, 181 295, 779 219, 298 209, 556 242, 080 133, 599 164, 412 154, 620 117, 998 * 127, 647 138, 908 cars 98, 944 832, 480 952, 746 869, 199 940, 402 857, 547 < 752, 787 cars 686, 417 218, 647 4 233, 119 cars.. 266, 137 322, 538 265, 872 260, 103 275, 108 151, 639 319, 579 240, 988 35, 671 4 32, 795 52,069 cars 253, 085 1, 297, 461 1, 079, 167 1,048,664 1, 167, 683 915, 552 4 927, 707 cars 1,027,132 cars 1,667,913 2, 233, 769 1, 871, 652 1, 608, 987 1, 597, 528 1, 243, 595 4 1, 187, 161 Railroad Operations Operating revenue: Freight Passenger thous of dolls thous of dolls Operating expenses Net operating income Freight carried thous of dolls thous of dolls mills ton miles 421, 007 85, 102 557,856 383, 908 128 414 42, 406 423, 347 80, 098 556,044 375,646 134, 513 43, 778 492, 275 69, 564 i 617, 782 401, 160 166, 315 48,206 59, 769 2 585 59, 60C 2, 581 59, 371 2,578 7,954 13.4 114 32C 7C 7,81£ 13.5 92 26C 8,177 13. £ 102 331 4 34 22 41 2* 8] IS 415, 124 65,156 531,219 374, 154 113, 695 41,965 1 4 4 337, 382 78, 483 457, 426 363, 384 56, 63^ 36, 271 367, 184 76, 523 495,816 357, 570 94,386 37, 645 Railway Equipment Locomotive (Am. Ry. Assn.): Owned, end of monthQuantity number Tractive power mills of Ibs In bad order, end of month— p t f t~t~l~" iiiuuuei- Installed number Retired number New orders. number Shipments, manufacturers' (Census)— Total number Steam, domestic number Electric, domestic number Unfilled orders (railroads), end of mo.— Tn railrnnd h ~ ~ ~ V» 4 Unfilled orders, manufacturers' '(Census)— 204 Total number Steam domestic number m Electric domestic number 2t Exports, steam number 2C i J Quarter ending in month indicated. 58, 758 2, 562 58, 633 2,560 60, 679 2,597 -0.2 -0.1 -3.4 -1.4 4,671 15.1 68 313 41 7,931 13.6 132 420 59 8,161 14.0 8,733 14.5 154 25< +2.9 +2.9 -15.9 -43.8 -52.5 —6.5 -3.4 -27.9 -8.9 +40.0 1,955 3, 572 656 3e 35 2C 44 36 4 2< 1 i 2f None 47 22 23 -47.7 -83.3 +50.0 -51.1 -72.7 -73.9 1,074 726 148 9£ It 104 11 97 2e 112 35 236 42 151 +110. 7 22 +20.0 +56.3 +90.9 17i 11? 2r 31 17C) IK11 2£)i iI 152 104 i 31 2J 282 238 27 4 278 222 -1.4 161 +5.£ 38 -22.2 13 +350. C +25.2 +55.9 -44.7 22s +38.5 4 Revised. I 59, 097 2, 571 4 236 28 11 18 3 Quarter ending Dec. 31, 1927. 1,390 3,333 353 -28.9 -6.7 -46.2 550 -48.8 367 -49.4 92 i -37.8 199 1 -12.7 41 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" 1939 1928 PER CENT INCREASE (+) OR DECREASE ( — ) August September October November December January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Perct, increase (+) or decrease (-) cumulative 1928 from 1927 j TRANSPORTATION-Continued Railway Equipment— Continued Freight cars (Am. Ry. Assn.): Owned, end of month—1 4 Quantity cars 2, 299, 157 2, 296, 273 2, 292, 096 42, 287, 563 42, 282, 133 2, 276, 289 2, 309, 577 -0.3 Capacity mills, of Ibs -0.2 -0.7 210, 483 210, 335 210, 092 4 209, 826 4 209, 539 209, 091 210, 649 In bad order, end of month+1.5 +0.1 Quantity cars 149, 252 148, 333 138, 238 139, 053 134, 267 136, 319 136, 115 6.2 6.2 +3 3 +3 3 Per cent of total in use per cent 6.0 6.6 6.2 6.6 6.0 New orders cars 767 1,236 1,635 6,100 4,668 12, 452 2,098 +166. 8 +493. 5 ShipmentsTotal cars 1, 639 3,220 2,507 1,640 5,295 1, 814 774 +10.7 +134. 4 -8.9 Domestic cars 1,327 3,000 2,345 1,549 5,261 525 576 -60.4 Unfilled orders (railroads)— 12, 671 +121. 9 +52.3 5,437 Total cars 8,177 6,619 13, 850 28, 121 18, 464 From manufacturers _ ..cars.. 1,880 10, 109 5,673 3,878 10, 271 24, 109 15, 459 +138. 5 +56.0 2,562 In railroad shops cars 2,504 3,557 2,741 3,579 4,012 3,005 +56.6 +33.5 Passenger cars: 11 New orders cars 56 589 2 228 615 +107. 3 -62.9 ShipmentsTotal cars 68 181 147 146 166 111 78 -38.7 +42.3 Domestic.. cars 68 150 143 144 2 166 109 3 68 -27.3 +60.3 2 52,2 812 Owned or leased, end of quarter cars.. 52, 949 —0 3 13 53 495 2 1, 173 853 Unfilled orders, end of quarter cars.. 3364 —27 3 +134 3 58, 959 37, 039 -37.2 54,291 53, 524 39, 436 -27.4 37, 984 -29. 0 1,195 1,773 +48.4 1,420 1,378 13.2 1,232 1,131 -17.9 Passenger Travel National parks: Visitors number Automobiles entered ...number-Arrivals from abroad: Immigrants number United States citizens number.. Departures abroad: Emigrants. _ number.. United States citizens number Passports issued number.. Pullman company operations: Revenue thous. of dolls.. Passengers carried. _ thousands . Hotel room occupancy per ct. of capacity.. 499, 633 98, 523 222, 698 44, 873 68, 997 10, 466 39, 517 4,875 40, 910 5,001 24,629 63, 191 29,317 80,233 29, 917 49, 831 24, 805 23,198 18, 357 18,911 6,488 50, 323 9,866 8,093 42, 105 8,056 7,479 34, 643 8,494 6,549 22, 380 9,441 8,264 25, 173 8,051 9,"513 7,593 3,312 63 7,297 3,081 68 6, 650 2,738 72 5,751 2,466 70 6,529 2,758 67 73 4 67. 9 «.66. 1 4 4 68, 784 15,985 68, 432 16, 496 72, 464 18, 565 71, 213 17, 649 11,530 14, 328 1,887 11, 010 13,911 1,918 11, 765 14,928 2,247 10,623 13, 661 1,770 11, 386 14, 514 1,811 9,956 12, 467 1,137 4 173, 952 61, 810 178, 346 67,967 186,000 72,000 193, 000 78, 000 198, 000 85,000 196, 573 79, 013 736, 223 8.121 717, 810 8.121 795, 140 8.129 759, 254 8.137 796, 280 46,242 7,473 50, 591 6,679 +13.0 +49.4 -8.6 +11.9 1,976,367 373, 495 2, 059, 824 388, 002 +4.2 +3.9 18, 146 19,909 323,885 412, 485 290, 297 -10.4 442, 599 +7.3 5,323 27, 126 8,896 "+18.~2 "~+6.~9 70, 122 405, 989 182, 430 77, 599 +10.7 451,972 +,11. 3 189, 305 +3.8 6,963 2,886 72 +1.4 80,953 35, 198 80, 846 33,924 -0.1 -3.6 127, 490 158, 288 21, 506 +9.0 130, 648 164, 361 21,404 +2.5 +3.8 -0.5 Warehouses Public merchandise warehouses, space occupiedper ct. of total 66. 4 68. 8 68.1 67 6 PUBLIC UTILITIES Telephone companies: Operating revenue thous. of dolls.. Operating income thous. of dolls.. Telegraph companies: Commercial telegraph tolls.thous. of dolls.. Operating revenue thous. of dolls Operating income thous. of dolls.. Gas and electric companies: Gross earnings thous. of dolls. _ Net earnings thous. of dolls.. Electric railways (212 companies) : Passengers carried thous. of persons.. Average fare _. ...cents Electric power production: Total mills, of kw. hours By water power mills, of kw. hours. . By fuels mills, of kw. hours. . In street railways, manfg. plants, etc. - .mills, of kw. hours.. In central stations mills, of kw. hours Electric power production (Canada): Total mills, of kw. hours.. By water power mills, of kw. hours.. Exported..- _ mills, of kw. hours Electric power, gross revenue „ thous. of dolls ._ 4 7,510 3,045 4,465 382 7,128 1,308 1,292 146 148, 200 4 4 4 4 7, 282 2, 792 4, 490 355 6, 927 1,278 1,260 130 156, 100 4 4 4 4 7, 922 2, 873 5, 049 4 4 4 374 7, 548 4 1,457 1,436 155 165, 200 4 4 66, 026 16,783 814, 172 8 025 799, 843 2,113,073 2, 214, 724 +4.8 857, 399 +10.6 775, 177 +0.4 -1.8 9, 394, 314 -1.3 7, 750 2, 786 4, 964 7,870 2,755 5,115 7,265 2,739 4,526 80, 205 29, 873 50, 332 87, 852 +9.5 34, 750 +16.3 53, 103 +5.5 373 7, 377 407 7,463 598 6,667 5,451 74, 754 5,025 -7.8 82, 827 +10.8 1, 438 1,413 137 1,438 1,411 123 1,324 1, 304 124 171, 700 14, 218 14, 017 1,633 15, 898 +11.8 15, 673 +11.8 1,588 -2,8 4 4 4 *jj Consumption of electrical energy By geographical divisions: United States rel. to 1923-25 120.8 New England rel. to 1923-25 102.2 North Central rel. to 1923-25 132.4 Middle Atlantic rel. to 1923-25 118.3 Southern... rel. to 1923-25 112.8 Western rel. to 1923-25 127.5 By industry: Allindustry.rel. to 1923-25 120.8 Chemical and allied products rel. to 1923-25 _ 119.2 Food and kindred products _rel. to 1923-25. . 128.3 Rolling mills and steel plants.. rel. to 1923-25.. 125.4 Metal working plants rel. to 1923-25.. 125.8 Metal groups. rel. to 1923-25.. 125.5 2 Quarter ending in month indicated. 9, 268, 039 134.5 115.3 149.7 136.0 127.5 150.8 132.0 119.3 143.5 133.4 129.7 148.7 133. 3 126.0 145.7 138.9 127.6 156.7 127. 3 120.2 133.8 126.8 121.2 124.0 132.5 127.6 138.8 126.7 120.5 118.4 115.2 117.0 U6.2 124.8 115.0 +4.1 +11.9 +6.2 +10.8 +3.7 +18.6 -0.1 +9.0 -3.4 -0.6 134.5 132.0 133.3 127.3 132.5 118. 4 +4.1 +11.9 132.0 142.0 129.4 138.0 135.7 130.0 132. 8 113. 7| 129.2 128.0 124.2 102.4 -2.7 +12.6 +4.0 +25.0 141.2 144.2 143.0 144.7 144.5 144.6 142.2 148.8 153.5 131.3 140.5 117.4 137.5 135.8 139.2 124.4 143.5 142.6 s Quarter ending Dec. 31, 1927. +7.9 -1.2 +2.4 +16.9 +15.7 +14.6 4 Revised. 42 TREND OF BUSINESS MOVEMENTS—Continued 1929 1928 The cumulative* shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" PER CENT INCREASE (+) OR 1928 DECREASE (— ) August September October November December January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 PUBLIC UTILITIES-Continued Consumption of electrical energy— Con. By industry— Continued Leather and its products ___rel. to 1923-25__ Lumber and its products ...rel. to 1923-25. _ Paper and pulp rel. to 1923-25.. Rubber and its products rel. to 1923-25. . Shipbuilding rel. to 1923-25.. Stone, clay, and glass rel. to 1923-25.. Textiles rel. to 1023-25.. Automobiles, including repair parts rel. to 1923-25.. 94.7 111.6 129.1 138.4 67.3 135.3 97.3 106.9 111.3 132.0 151.2 72.3 152.0 112.5 103.8 109.3 133.3 146.4 73.8 144.7 121.0 94.0 111.8 135.2 143.8 102.2 149.1 132.5 93.7 107.3 127.4 124.8 91.8 136.6 126.3 94.3 107.4 126.2 148.2 108.2 137.4 129.4 112.2 107.7 121.3 120.4 94.2 105.2 116.7 +0.6 +0.1 -0.9 +18.8 +17.9 +0.6 +2.5 -16.0 -0.3| +4.0 +23. 1 +14. 9 +30. 6 +10.9 143.2 161.0 141.2 127.1 130.0 149.4 135.2 +14.9 +10.5 75.6 84.3 94 81 77 89.0 124.0 86.8 97.1 135.4 294, 829 38, 077 466,357 30, 812 109 78.8 86.0 95 82 74 90.4 126.0 86.9 97.0 131.3 285, 936 38,090 475, 753 31, 960 110 79.3 85.8 97 82 74 88.0 125.3 * 87. 3 95.7 126.0 274,397 38, 179 475,043 78.9 85.3 98 80 75 87.7 122.3 88.1 78.1 84.8 97 81 75 85.7 -1.0 -0.6 -1.0 +1.3 0.0 -2.3 -5.1 +2.7 +6.6 +1.3 0.0 +0.4 -1.0 +8.3 +7.8 +4.4 -0.6 +29.6 +14.7 +2.6 110 109 108 82.3 82.6 91 80 75 85.4 117.9 80.5 90 3 102.6 223,502 35, 492 457,275 25, 615 97 -0.9 +11.3 13, 862 865 106.5 92.0 102 83 77 118.9 135.0 14,168 868 110.2 94.0 105 87 78 119.1 137.7 14, 094 14, 217 13,938 -2.0 +4.3 94.3 110 85 82 92.5 108 82 79 13, 361 685 88.9 88.6 98 79 76 100.8 79.6 -1.9 -1.8 -3.5 -3.7 +4.4 +10.2 +3.8 +3.9 90.0 97.8 91.0 96.9 110.8 92.5 112.8 119.8 62, 010 28.31 29.72 26.30 28.08 230.9 238.1 110 101 101 104.6 109.7 EMPLOYMENT AND WAGES Employment in factories: 74.2 Massachusetts rel. to 1919-23.. 82.5 New York State rel. to 1923.. 91 New Jersey rel. to 1923.. 81 Pennsylvania rel. to 1923 74 Delaware. _ rel. to 1923.. 88.1 Marylandrel. to 1924.. Iowa rel. to!923._ 124.0 85.6 Illinois-rel. to 1923.. 97.9 Wisconsin rel. to 1923.. 134.7 Detroit rel. to 1923.. Detroit number. _ 293,457 37, 385 Milwaukee number-New York State number.. 456, 303 31, 137 Oklahoma nuinber.. 106 Ohio rel. to 1923.. "Total pay roll: New York State (weekly).. thous. of dolls.. 13, 411 877 Oklahoma (weekly) thous. of dolls.. 108.7 Wisconsin rel. to 1923.. 89.0 New York State rel. to 1923.. 99 New Jersey rel. to 1923.. 83 Pennsylvania __rel. to 1923 76 Delaware rel. to 1923.. Employment, Canada rel. to Jan. 1920.. 119.5 139.4 Ohio construction. rel. to 1923.. Employment, trade-unions: United States per cent of total. . 91.0 Canada per cent of total.. 97.6 Anthracite mines: Employment rel. to 1923-25. _ 107.9 86.7 Pay roll rel. to 1923-25.. Federal civilian employees, Washington, D. C., end of month number.. 62, 111 Average weekly earnings, factories: 29.13 Illinois dolls.. New York State dolls.. 29.39 26.60 Wisconsin ...dolls.. 28.15 Oklahoma dolls 234.4 Massachusetts rel. to 1914.. New York - r e l . to 1914 235.5 109 New Jersey rel. to 1923.. 102 Pennsylvania . _rel. to 1923 Delaware rel. to 1923 102 107.6 Illinois rel. to 1923.. Wisconsin - rel. to 1923 111.0 Average weekly earnings (National Industrial Conference Board) Grand total (both sexes) dollars 27.35 Total male dollars.. 30.30 31.77 Skilled male . . dollars 24.78 Unskilled male dollars. _ 17.04 Total women . _ . _. dollars. . Average weekly hours: Nominal (both sexes) hours 49.6 Actual (both sexes) . . hours47.9 Wages, road labor, by districts: 48 New England cents per hour Middle Atlantic cents per hour. _ 41 34 South Atlantic cents per hour East SoutlF Central _. cents per hour 25 West South Central cents per hour.. 29 East North Central cents per hour.. 39 West North Central cents per hour.. 38 Mountain cents per hour, . 50 Pacific. cents per hour. 53 42 United States, average cents per hour. Wage rates, U. S. Steel Corp. .cents per hour.. 50 Wages, steel sheet workers per cent of base. 125.5 Applicants per 100 jobs, employment agencies: United States number.. 129 Eastern States _ number 223 Central States... ..number132 Southern States number 121 Western States number 69 Canada ..number. 109 4 Revised. 107.3 93.5 107 85 77 116.7 * 128. 1 123.3 268, 601 38, 995 472,054 87.2 289, 611 40, 707 469, 125 4108.7 89.3 90.0 95.8 87.0 93.4 85.0 113.4 « 108. 8 114.6 106.8 62,016 62,244 62, 140 60, 743 28.57 29.78 27.25 27.16 230.2 238.6 112 106 104 105.5 113.7 28.38 29.67 26.87 29.55 30.12 28.40 225.6 237.7 111 104 103 104.8 112 1 229.9 241.3 113 105 108 109 2 118.5 27.76 30.93 32.42 25.27 17.33 27.76 30.70 35. 26 24.72 17.34 27.42 29.75 31.21 24.34 17.16 27.73 30.06 31.47 24.76 17.24 27 24 29.80 31 22 24.66 17.23 49.8 48.2 49.6 48.0 49.6 47.8 49.6 48.5 49.5 47.9 48 42 24 25 26 38 39 52 54 43 50 125.5 51 41 26 26 30 40 39 49 54 42 50 125.5 50 41 27 27 31 40 40 42 53 42 50 [ 125.5 51 44 28 26 30 53 39 50 125. 5 107 120 126 91 63 98 117 128 133 142 62 114 134 i 142 125 1 153 71 143 +12.2 120.2 98.7 4 29.71 225.8 238.1 112 102 104 82.2 93.2 27.49 29.22 23.60 26 73 232.1 234 1 109 98 100 101.6 98.4 -17.8 -2.3 +3.4 —1.4 +1.7 -1.8 —1 3 -0.9 o( -3! 7 -2.7 +1.7 +2.8 +4.1 +4.0 M 46 52 45 23 26 31 45 38 44 52 36 50 125.5 53 48 24 25 26 39 37 41 50 37 50 125.5 +2.0 +2.3 -17.9 0.0 +3.3 +9.8 0.0 -4.3 -1.9 -7.7 0.0 0.0 —1.9 -6.2 —4.2 +4.0 +19.2 +15.4 +2.7 +7.3 +4.0 -2.7 0.0 0.0 100 146 146 193 69 135 156 15 16 283 80 170 192 203 188 87 161 +56.0 +5.5 +12.3 +46.6 +15.? -8.2 -19.8 —19.2 +50.5 -8.0 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Perct. in- crease (+) or de- 7-7 cumulative Iy28 from 1927 43 TREND OF BUSINESS MOVEMENTS—Continued 1939 1928 "The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October November December 1938 January January PER CENT INCREASE (+) OR DECREASE (— ) Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1938 1937 Perct. increase ( or-tf decrease (-) cumulative 1928 from 1927 EMPLOYMENT AND WAGES— Contd. Factory Labor Turnover (Percentage of number on pay roll) Departures: 4 4 29. 2 60.6 41.9 Total per cent (annual basis) 42.3 35. 3 4 4 31.9 31.9 Voluntary quits.. ..per cent (annual basis).. 40.3 25. 6 20.1 5.0 4.7 '4.8 Lay offs per cent (annual basis) 5.1 4.7 4 4. 4 Discharges.. per cent (annual basis).. 5.3 5.3 5.3 4.9 4 4 56.9 57.1 38.1 Accessions per cent (annual basis) 55.7 50.1 Industrial disputes: 4 4 42 <48 Disputes number 59 43 45 Workers involved number 129,210 4 63, 650 Ml, 420 4 39, 665 39, 713 Man-days lost in month number 3, 577, 599 4 2, 605, 713 4 1,304, 647 < 1,304, 285 1, 016, 427 27.8 15.9 8.3 3.6 33.4 34.8 25.1 4.7 5.0 56.2 +19.2 +24.9 0.0 +13.6 +47.5 +25.2 +57.9 -43.4 +38.9 +68.3 1 1 i 4 62 81, 676 2, 135, 092 4 4 DISTRIBUTION MOVEMENT Retail Sales Mail-order houses: Total sales, 2 houses thous. of dolls Sears, Roebuck & Co thous. of dolls Montgomery Ward & Co-_thous. of dolls.. "Ten-cent chain stores: Total sales (4 chains) thous. of dollsTotal stores operated (4 chains). .number.. F. W. Woolworth & Co thous. of dolls.. Stores operated number S. S. Kresge Co thous. of dolls.. Stores operated number McCrory Stores Corp .thous. of dolls.. Stores operated. . number S. H. Kress & Co.. thous. of dolls Stores operated number Metropolitan thous. of dolls.. Stores operated number F. & W. Grand thous. of dolls.. Stores operated number. W. T. Grant Co thous. of dolls Stores operated number.. {Restaurant chains: Total sales (3 chains) . ..thous. of dolls Stores operated number Average per store dollars.. Childs Co., sales . . . thous. of dolls Waldorf System (Inc.), sales. _ thous. of dolls.. J. R. Thompson Co. sales . thous. of dolls Other chain stores: Isaac Silver & Bros thous. of dolls Stores operated.. number . Hartman Corporation thous. of dolls. Stores operated number J. C, Penny Co thous. of dolls Stores operated number United Cigar Stores Co thous. of dolls.. Stores operated number A. Schulte (Inc.) . thous. of dolls Stores operated number G. C. Murphy Co thous. of dolls.. Stores operated number Installment sales in New England dept. stores; ratio to total sales per cent 37,465 24, 240 13,225 -36.3 +26.5 -31.0 +20.8 -43.3 +37.1 31, 895 2,431 17, 108 1,591 8,658 436 2,369 221 3,760 183 692 91 800 62 2,624 4 158 -62.5 +0.2 -61.1 +0.1 -63.7 +0.6 -62.7 +0.4 -65.3 -0.5 -71.2 0.0 -67.7 0.0 -67.8 +3.8 +5.1 +9.4 +3.2 +8.6 +4.2 +16.7 +13.6 +3.6 +10.2 +5 5 +15.3 +19.8 4,704 372 12, 645 2,184 4,808 369 13, 019 2,346 —5 7 +0.3 -5.9 -7.8 1,363 1,296 1,227 -4.9 1,207 1,255 1,224 1,235 610 30 632 31 1,305 31 365 31 19, 443 1,020 6,797 3,315 1,955 298 1,056 120 19, 301 1,021 6,816 3,227 1,935 299 1, 132 130 25, 104 1,023 9,700 3,348 2,995 299 2,450 133 8,6?I ],C23 5,736 3,331 1,665 300 814 133 312 22 907 19 7, 729 4 914 5,562 3,151 1,826 300 598 113 8.2 9.0 7.5 6.2 1,755 83, 354 419, 047 2,279 99, 897 423, 991 2,871 112, 783 465, 635 2,845 110, 012 424, 465 2,580 105, 516 541, 561 2,093 97, 443 27, 951 3,115 29, 261 3, 074 34, 196 3,583 31,713 3,202 39, 972 4,331 10, 183 81, 180 9,748 79, 877 12, 020 99, 310 * 11, 591 4 94, 191 3,165 32,886 2,879 32, 382 3,669 37,554 4 45,944 28, 986 17,008 50, 814 30, 004 20, 810 63, 587 37, 002 26, 585 61, 628 36, 172 25, 456 74, 386 42,434 31, 952 47,400 29, 271 18, 129 41,050 2,552 21,812 1,675 11, 272 468 3,116 224 4,850 185 985 97 1,236 74 3,996 191 42, 906 2,586 22, 637 1,698 11,914 474 3,344 224 5,011 190 1,116 100 1,443 76 4,708 199 48, 992 2,615 26, 895 1,718 12, 925 481 3,471 224 5,701 192 1,232 104 1,756 80 5,418 203 46, 799 2,637 24, 660 1,725 13, 034 492 3,444 226 5,661 194 1,271 106 1,719 81 5,515 207 89,445 2,655 45, 439 1,727 24, 844 506 7,216 228 11, 946 194 2,774 109 3,388 82 10, 328 213 33, 512 2,659 17, 658 1,728 9,019 509 2,692 229 4,143 193 798 109 1,096 82 3,328 221 4, 577 369 12,404 2,217 4,590 366 12, 541 2,190 4,802 367 13,084 2,266 4,617 369 12, 512 2,160 4,987 371 13,442 2,369 1,170 1,215 1,267 1,250 1,190 1,185 1,269 460 26 1,416 19 12, 886 981 6,627 3,271 1,912 300 873 118 512 29 2,192 19 16, 477 1,006 6,622 3,288 1,962 299 1,046 119 12.1 4 4 495,304 292, 901 202,403 579,328 +17.0 346, 973 +18.5 232,355 +14.8 503, 916 539, 757 +7.1 272, 752 287,317 +5.3 133, 767 147, 363 +10.2 +4.3 39,336 41, 031 58,061 65, 046 +12.0 12, 271 13, 559 +10.5 12,882 17, 160 +33.2 43, 325 54, 988 +26.9 -2.2 +0 8 -2.9 -6.9 58, 111 55, 576 -4.4 28, 802 26, 376 -8.4 14, 960 14, 622 -2.3 -2.5 +5.6 -0.9 14, 349 14, 585 +1.6 -72.0 0.0 +40.9 +17.0 5,611 6,658 +18. 7 -65.7 0.0 -40.9 —0 5 -44.4 +0.3 -66.8 0.0 +11.5 +11.9 +3.1 +5 7 -8.8 0.0 +36.1 +17.7 151, 964 176, 666 +16.3 1,954 < 94, 156 144, 289 -18.9 -7.7 31,615 3,466 30, 579 3,438 * 12, 841 100, 025 10, 967 83,154 3,950 39, 046 3,626 36, 025 4 +37.0 +32.3 +26.8 +39.9 +0.9 80, 179 80, 903 29,040 24, 512 -15.6 10, 224 12, 119 +18.5 +7.1 +3.5 29, 889 1, 115, 229 1,065,498 29, 532 -1.2 1, 194, 284 +7.1 3, 542, 232 -232. 4 -20.9 -20.0 +3.4 +0.8 376, 039 40, 312 377, 344 40, 569 +0.3 +0.6 10, 468 78, 220 -14.6 -16.9 133, 434 1, 037, 893 132, 579 1,036,095 -0.6 -0.2 3,416 34, 117 -8.2 -7.7 +4.8 +6.3 +6.1 +5.6 39, 508 408, 719 41, 103 417, 831 +4.0 +2.2 8.6 Advertising Magazine advertising-- . Newspaper advertising Air mail, weight dispatched thous. of lines thous. of lines. . pounds.. Postal Business Postal receipts: 50 selected cities . ..thous. of dolls 50 industrial cities thous. of dolls.. Money orders: Domestic paid (50 cities)— Quantity number. Value thous. of dolls.. Domestic issued (50 cities)— Quantity... __ _„ number.. Value thous. of dolls.. 4 Revised. 3,480 35, 711 4 4 44 TREND OF BUSINESS MOVEMENTS—Continued 1938 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" August September October 1929 November Decem- January ber ] 1938 January PER CENT INCREASE (+) OR DECREASE (— ) Jan., 1929, from Dec., 1928 Per ct, increase ( } or t decrease (-) cumulative 1928 from 1927 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 Jan., 1929, from Jan., 1928 1937 1938 BANKING AND FINANCE Life Insurance (Association of Life Insurance Presidents) Amount of new insurance (45 companies) : Ordinary thous of dolls Industrial __thous. of dolls.. Group thous. of dolls Total insurance thous of dolls Premium collections (45 companies) : Ordinary thous. of dolls _. Industrial __ thous. of dolls.. Group thous. of dolls.. Total thous. of dolls.. Admitted life insurance assets (41 companies): Grand total mills, of dolls.. Mortgage loans — Total mills of dolls Farm mills, of dolls . All other _ mills, of dolls.. Bonds and stocks (book value): Total _ . mills, of dolls.. Government mills, of dolls.. Railroad mills, of dolls . Public utility mills of dolls All other. mills, of dolls.. Policy loans and premium notes mills, of dolls.. 534, 112 626, 594 198, 949 193, 365 56, 926 277, 943 876, 885 1,011,004 659, 844 233, 530 72, 119 965, 493 667, 633 810, 127 659, 843 202, 948 246, 045! 265, 998 53, 569 224, 330! 98, 637 924, 150 1,280, 502 1 1, 024, 478 580, 462 236, 303 46, 841 863, 606 -18.6 +13.7 7, 804, 406 8, 199, 375 +5.1 +8.1 +12.6 2, 667, 333 2, 692, 522 +0.9 -56.0 +110. 6 824, 372 1, 366, 328 +65.7 -20.0 +18.6 11, 296, 111 12, 288, 225 +8.8 143, 386 50, 228 5,705 199, 319 135, 743 49, 343 5,738 190, 824 154, 489 55, 691 6,447 216, 627 155, 032 49, 154 6,577 210, 763 181, 752 96, 864 7,078 285, 694 1 148,947 54, 564 7,618 211, 129 -11.5 -44.5 +26.3 -21. 7 +8.0 -1.4 +17.3 +5.9 1, 740, 316 1, 873, 934 +7.7 662, 506 +10.0 602, 264 87, 979 +35.3 65, 045 2, 407, 625 2, 624, 419 +9.0 12, 406 12, 510 12,634 12, 742 5,382 1,602 3,780 5,429 1,604 3,825 5,484 1,606 3,878 5,517 1,603 3,914 5,103 1 615 3,488 4,704 927 2,411 1,138 228 4,718 930 2,406 1,151 231 4,752 939 2,410 1,163 240 4,816 949 2,437 1,180 250 4 417 938 2,311 1,004 164 1,486 1,497 1,510 1,523 1 383 702,275 273, 055 163, 568 104,287 86, 288 75, 077 43, 503 578, 193 218, 788 136, 379 90,916 71, 371 60, 739 38,872 764, 577 316, 574 176, 739 112, 916 85,408 72, 940 55, 743 722, 495 296,968 167, 479 104,294 81, 768 71, 986 54, 865 -19.9 -13.3 -18.9 —24.2 -32.5 -26.3 -10.7 +16.5 +16.7 +24.2 +11.1 +5.9 +18.7 +6.3 8, 531, 545 3, 438, 062 1, 898, 798 1, 286, 886 1, 049, 908 857, 891 502,438 -9.3 -2.9 3112 —1.0 -1.9 —8. 3 -5.8 +5.6 +5.9 +5.9 +5.8 -3.1 0.0 -14.0 -4.1 -0.9 +3.9 -9.9 -19.1 -16.1 37, 884 25, 001 1,871 +3.8 -5.2 +0.1 +44.4 +12.5 +13.5 160, 867 53, 806 8,938 223,611 11 704 (Life Insurance Sales Research Bureau) Sales of ordinary life insurance (81 companies) : United States total . .. thous. of dolls.. Eastern manuf. dist thous. of dolls.. Western manuf. dist.. .thous. of dolls.. Western agric. district ..thous. of dolls.. Southern district thous. of dolls. . Far western district thous. of dolls.. Canada total, 15 companies.thous. of dolls.. 886,048 352, 806 199, 625 132, 957 108, 046 92, 614 56, 647 709, 452 305, 721 161, 832 100, 769 72,892 68, 238 50, 575 609,228 261, 898 130, 338 90, 662 68, 847 57, 483 47, 569 8,936,665 +4.7 3, 648, 065 +6.1 2, 005, 524 +5.6 1, 345, 140 +4.5 1, 055, 200 +0.5 882, 736 +2.9 580, 674 +15. & (Life Insurance Lapses) Total New England Middle Atlantic East No. Central West No Central South Atlantic East So. Central West So Central Mountain Pacific 2 2 98 2 103 2 109 2 104 2 gg 2 101 2 101 2 86 2 96 2 94 rel. to 1925-26 rel. to 1925-26. . rel. to 1925-26.. rel. to 1925-26 rel. to 1925-26 rel. to 1925-26 . .rel. to 1925-26 rel. to 1925-26 rel. to 1925-26 rel to 1925-26 3 97 107 3104 112 114 3 98 108 103 101 115 2101 2 100 2 98 2 94 2 107 2 2 107 91 2 93 294 - |! 1 Banking Check payments: New York City Outside New York City Canada . _ Federal reserve banks: Bills discounted mills, of dolls . mills, of dolls.. mills, of dolls . 391, 557 281, 460 19, 704 35, 102 23, 401 1,813 38, 726 24, 450 1,681 45, 189 27, 705 2,395 45, 469 25, 880 2,376 52, 727 29, 659 2,121 54, 719 28, 126 2,124 1,039 1,651 394 2,765 2,325 69.5 1,026 1,704 545 2,751 2,414 66.8 932 1,710 671 2,773 2,419 67.2 990 1,766 716 2,722 2,411 65.2 1,151 1,829 738 2,719 2,564 61.9 821 1,645 646 2,835 2,437 69.4 423 1,577 812 2,971 2,452 73.7 15,729 6,405 12, 871 15, 952 6,401 13, 226 16, 067 6,430 13, 368 16, 260 6,375 13, 460 16, 963 6,376 14, 041 16, 122 6,053 13, 395 15, 265 6,575 13, 888 -5.0 -5.1 -4.6 5,051 8.80 5,514 9.29 5,880 9.62 6,392 9.66 6,440 9.54 6,735 9.48 4,420 8.99 +4.6 -0.6 +52.4 +5.5 4,235 4,570 4,907 5,290 5,330 5,559 3,816 +4.3 +45.7 6.25 6.87 5.38 4.63 5.00 5 04 4 84 7.00 7.26 5.63 4.50 5.00 5.04 5.12 7.13 6.98 5.50 4.50 5.00 5.04 5.24 6.93 6.67 5.38 4.50 5.00 5.04 5.31 7.38 8.60 *5.38 4.50 5.00 5.04 5.33 7.75 7.05 5.38 4.75 5.00 5.04 5.33 4.38 4.24 4.00 3.38 3.50 5.06 4.50 +5.0 -18.0 0.0 +5.6 0.0 0.0 0.0 +76.9 +66.3 I +34.5 +40.5 +42.9 -0.4 +18.4 4,299 4,352 4,345 4,334 4,406 4, 410 4,193 +0.1 +5.1 Government debt, gross, endmo_mills. of dolls.. 17, 648 Customs receipts thous. of dolls 52, 797 Total ordinary receipts _ __ thous. of dolls 173, 495 Expenditures chargeable to ordinary receipts thous. of dolls 308, 594 U. S. money in circulation: Daily average mills of dolls ! 4, 743 2 Quarter ending in montf i indicated 17, 367 50, 410 557, 398 17, 544 59, 741 187, 627 17, 493 48, 436 145, 156 17, 310 45, 803 649, 105 17, 379 45, 549 163, 889 18, 050 41, 975 168, 840 +0.4 -0.6 -74.8 482, 600 368, 653 213, 629 384, 019 371, 595 349, 142 4,804 4,837 4,785 500, 211 +27.7 306, 195 +8.8 23, 384; +18.7 +5.6 -7.9 -3.5 mills of dolls Total investments mills of dolls Total reserve mills of dolls Total deposits mills of dolls Reserved ratio per cent Federal reserve member banks: Total loans and discounts mills of dolls Total investments mills of dolls Net demand deposits mills of dolls Brokers' loans, end of month: To N. Y. Stock Ex. membersTotal mills of dolls Ratio to market value per cent By New York F. R. member banks mills, of dolls Interest rates: Time loans, 90 days per cent Call loans renewal per cent Prime com. paper (4-6 mos.) per cent.. Prime bankers' acceptances per cent N. Y. Fed. Res. Bank (redisc.)__per cent.. Federal land banks per cent Intermediate credit banks per cent Deposits, New York State savings banks, end of month mills of dolls 4 -28.7 +94.1 -10.1 +4.3 -12.5 -20.4 -4.6 +4.3 -0.6 -5.0 +12.1 -5.8 " j '•" I ! | i Public Finance 5,008 4,860 4,748 » Quarluer ending Dec. 31, 19 27. -3.7 I 591, 946 +8.5 -2.9 4, 087, 815 565, 500 3, 920, 048 -4.5 -4.1 -3.2 +6.4 3, 755, 205 +4.2 52 08 4 3, 604, 775 Revised. 45 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" 1939 PER CENT INCREASE (+) OR 1928 DECREASE (— ) August September October November December January January Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 Per.ctincrease ( } or t decrease (-) cumulative 1928 from 1927 BANKING AND FINANCE— Continued. Gold and Silver Gold: Domestic receipts at mint fine ounces.. 98, 769 Rand output __ _ . fine ounces 891, 863 Monetary stock of U. S.— daily average... .mills, of dolls.. 4,118 Imports thous. of dolls 2,445 Exports thous. of dolls 1,698 Silver: Production —• United States thous. of fine oz 4,776 Canada . thous. offineoz 2,252 Stocks, end of monthUnited States thous. offineoz__ 263 Canada thous. of fine oz.. 720 Imports thous of dolls 6,496 Exports thous. of dolls 9,246 Price at New York dolls, per fine oz__ .589 83, 247 857, 731 4,125 4,273 3,810 121, 539 897, 720 4 102, 893 872, 484 4,133 14, 331 4 992 4 4,352 2,051 4,087 2,177 972, 927 -7.6 981, 313 +3.9 10, 130, 630 10, 358, 596 77, 220 859, 761 68, 042 876, 452 73, 624 843, 857 -11.9 +1.9 4,151 29, 591 22, 916 4,142 24, 950 1,636 4,115 48, 577 1,378 4,377 38, 320 52, 086 -0.7 +94.7 -15.8 -6.0 +26.8 -97.4 195, 022 201, 455 4 4 4 4 4 5, 273 1, 815 4,909 1,747 4,980 1,433 -6.9 -3.7 -1.4 +21.9 59, 412 20, 761 56, 149 20, 328 68, 119 +23.7 87, 381 +15.5 4 4, 756 1, 459 4 872 1,457 5, 739 6,229 .575 856 718 7,319 4 7, 252 .581 4 4 905 346 5, 448 7, 674 .580 1,011 1,011 5,120 8,489 .573 594 334 8,260 8,264 .570 574 1,141 6,305 6,692 .571 -41.2 -67.0 +61.3 -2.7 -0.5 +3.5 -70.7 +31.0 +23.5 -0.2 55, 073 75, 624 58, 202 33, 957 34, 990 40, 601 40, 774 53, 877 47, 634 16,877 19, 096 22, 229 14, 727 13, 567 5,662 2 20, 810 2,572 13, 490 17, 268 4,232 15, 446 17, 224 7,932 16, 690 32, 024 5,164 2,504 3,287 17, 783 18, 933 4,059 2 43 085 3,065 2,023 528 1,369 126 1,838 519 1,202 117 159 174 1,943 498 1,324 121 2 116 214 2,535 614 1,769 152 135 1,635 454 1,073 108 255 ( 120 36 59 60 4 22 51 8 6 10 237 35 74 73 8 6 24 15 4 3 212 33 79 94 13 18 47 14 6 7 217 46 85 105 202 30 69 107 13 11 46 8 6 6 202 30 75 92 11 25 47 24 9 15 286 54 423 210 171 71 11 307 60 376 168 187 43 13 226 87 503 225 190 78 10 276 100 412 200 157 62 14 257 104 441 250 219 65 5 240 116 499 351 374 66 thous. of dolls thous. of dolls 333, 400 182, 000 408, 600 262, 500 586, 750 388, 600 400, 560 234, 220 566, 500 382, 100 853, 575 516, 375 753, 200 460, 600 thous. of dolls. _ thous of dolls thous. of dolls thous. of dolls. . 151, 400 109, 450 35, 200 146, 100 118, 450 20, 400 7,250 198, 150 156, 200 29, 400 12, 550 166, 340 118, 500 34, 900 12, 900 184, 400 141, 200 26,900 16, 300 337, 200 215, 000 39, 100 22, 200 Business Failures ^Liabilities: Total commercial thous. of dolls Manufacturing establishments ._ __ .thous. of dolls.. Trade establishments thous.' of dolls.. Agents and brokers thous. of dolls. . Banks (quarterly)... thous. of dolls. . X/iabilities (Canada) thous. of dolls. Firms: Total commercial .. number _ Manufacturing establishments. - .number. _ Trade establishments number Agents and brokers number. _ Banks (quarterly) number. _ Firms (Canada) number By groups: ManufacturersMetals number Textiles _ number Lumber. ..number _ Chemicals number.. Printing and engraving number _ Foodstuffs number.. Leather, etc number Liquors and tobacco _ number . Stone, clay, and glass number.. All other.. . _ number TradersGeneral stores _ number Foods and tobacco number. _ Clothing _ number Household furniture number. . Chemicals and paints number.. Books and paper number.. All other.. number.. 2,~589 4 1,852 493 1,241 112 28 18 12 +0.9 +2.3 . 168,898 -13.4 560, 760 +178.4 55 -2.1 +13. 1 520, 105 486, 559 +12.2 +21.1 -18.3 +41.1 -31.0 211, 506 228, 194 80, 405 143, 449 25, 287 182, 478 -13.7 225, 301 -1.3 81, 781 +1.7 129, 650 -9.6 36, 457 +44.2 2,643 +30.5 553 +23.3 1,946 +33.6 144 +25.6 4 a 84 +110. 9 210 -13.6 -4.1 +11.0 -9.1 +5.6 +38.1 -11.9 23, 146 5,682 16, 082 1,382 394 2,016 23, 942 5,924 16, 471 1,441 372 1,875 +3.4 +4.3 +2.4 +4.3 -5.6 -7.0 35 0.0 -14.3 74 +8.7 +1.4 81 -14.0 +13.6 3 -15.4 +266. 7 21 +127. 3 +19.0 43 +2.2 +9.3 14 +200. 0 +71.4 7 +50.0 +28.6 10 +150. 0 +50.0 265 +41.6 +7.9 374 703 850 75 264 461 140 104 91 2,620 443 793 970 98 172 496 157 75 94 2,626 +18.4 +12.8 +14.1 +30.7 -34.8 +7.6 +12.1 -27.9 +3.3 +0.2 +16.0 -4.2 -21.3 +1.6 -33.3 -26,1 -11.1 1,214 4,821 2,978 2,758 799 142 3,370 1,042 5,153 3,153 2,768 803 144 3,405 +6.9 +5.9 +0.4 +0.5 +1.4 +1.0 +50.7 +35.1 +13.3 +12.1 5, 580, 548 3, 471, 398 5, 907, 911 3, 703, 924 +5.9 +6.7 292, 600 182, 800 33, 800 21, 000 +82.9 +52.3 +45.4 +36.2 +15.2 +17.6 +15.7 +5.7 2, 099, 150 1, 555, 475 349, 500 124, 675 2, 223, 987 1, 630, 542 365, 455 130, 550 +5.9 +4.8 +4.6 +4.7 38.57 4 2,241 +32.1 14, 871 -6.1 26,446 +69.1 6,318 +27.2 3 30, 545 +107. 0 3,249 -26.9 +1.6 +7.9 158, 575 79, 808 577, 073 -52.8 +21.2 -2.3 +68.1 1, 592, 598 777, 126 7, 301, 417 1, 426, 490 -10.4 648, 120 -16.6 7,712,112 +5.6 185 100 +11.5 521 +13.2 446 +40.4 368 +70.8 99 +1.5 2 3 +240. 0 389 +44.2 ! 346 -6.4 Dividend and Interest Payments Orand total. Interest payments ._ Dividend payments: Total Industrial and misc Steam railroads ._ Street railways Aver, payments on industrial stocks (quarterly) 6,750 2 dolls, pershare.. 9. 10 29.25 New Security Issues Foreign loans in the U. S thous. of dolls _ Foreign governments thous. of dolls •Total corporation. __ .thous. of dolls. . 199, 426 Purpose of issue — New capital- ___ _ . thous. of dolls 180, 716 Refunding thous of dolls 18, 710 Type of securityStocks _ thous. of dolls 73, 892 Bonds and notes thous. of dolls.. 125, 534 Class of industryRailroads thous. of dolls.. 13, 726 Public utilities thous. of dolls. _ 97, 776 Industrials thous. of dolls 32, 989 Oil thous. of dolls. _ Land and buildings thous. of dolls. . ""16," 256 Shipping and misc Lhous. of dolls.. 44, 678 ;States and municipalities: Permanent loans thous. of do!3s__ 4 78, 445 Temporary loans. thous. of doiis__ i 63, 543 'Tax-exempt securities outstand- . ing, end of month mills, of dolls.. 16,911 2 Quarter ending in montli indicated 108, 949 43,500 428, 184 65, 121 36, 750 655, 604 102, 527 15, 000 760, 629 59, 298 13,000 993, 328 28,000 15, 750 970, 276 391, 158 37, 026 600, 473 55, 131 702, 055 58, 574 931, 673 61,655 827, 729 142, 547 4 412, 045 -11.2 +100.9 165, 028 +131.2 -13.6 5, 373, 128 1, 928, 189 6,008,312 +11.8 1, <Oo,SUO -11.6 4 4 141, 045 436, 0281 1, 756, 258 5, 545, 160 3, 530, 651 +101.0 4, 181, 464 -24.6 726, 740 2, 625, 026 1, 551, 022 263, 112 809, 365 1, 688, 926 1, 389, 129! -6.0 716, 793 +14. 7 172, 047 256, 137 202, 239 98, 234 57," 517 70, 194 4 70, 170 73, 419 16, 932i 390, 610 264, 994 447, 080 313, 549 684, 681 308, 647 632, 738 337, 538 45, 830 214, 466 114, 233 7,000 85, 627 163, 749 57, 800 151, 851 154, 752 99, 616 73, 745 222, 866 79, 479 199, 708 228, 959 54, 169 43, 492; 362, 028 61, 613 202, 134 234, 405 134, 570 69, 009 17, 900 115, 451! 26, 183| 69, 766 20, 325 4 4 98, 233 82, 552! 17, 007J 4 173,824 14, 496 4 4 3 4 17,072 4 17, 109| 17, 126 Quarte rending E ec. 31, 1927 -82.3o on -7.6 +348. 6 +9.4 -22.6 78, 222 -22.5 210, 155 +1.2 118, 902 +2.4 2,200 +148. 4 78, 741 +58.7 74, 331 -95. 1 4 -21.2 -3.8 +97.1 -12.4 -75.9 962, 807 2, 986, 503 1, 174, 984 425, 338 668, 992 1, 009, 033 103, 139 73, 320 -32.4 -72.3 1, 478, 569 624, 873 4 16, 270| -39.6 -22.4 +0.1 +5.3 4 Revised. -2-1.5 -12.1 +32.0 -38. 1 +21.0 +67.4 46 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey'9 August September October 1939 November December January 1928 January PER CENT INCREASE (+) OR DECREASE (— ) Jan., 1929, from Dec., 1928 Jan., 1929, from Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 1927 1928 [ Per ct. increase (+) or decrease (-) cumulative 1928 from 1927 BANKING AND FINANCE- Continued Agricultural Finances Loans outstanding, end mo.: Federal farm loan banks ___thous. of dolls.. 1, 187, 365 1, 189, 345 1, 190, 278 1, 191, 724 1, 193, 846 1, 195, 089 1, 158, 717 Joint-stock land banks thous of dolls 608, 706 608 451 607, 632 605, 595 605, 199 604, 375 608, 798 Federal intermediate credit banks ^. thous. of dolls.. 66, 978 68, 619 76, 547 78, 685 81, 277 79, 462 74, 888 747 583 455 S58 497 445 1,244 Stocks and Bonds Stock prices, average daily closing: 25 industrials, average dolls, per share.. 267. 16 25 railroads, average dolls, per share.. 121. 57 10"? stocks average dolls per share 151.24 Southern cotton mills dolls, per share. . 104. 82 Stock sales, N. Y. Stock Exch.thous. of shares67, 704 Bond sales: Miscellaneous thous. of dolls.. 173, 561 Liberty-Treasury thous. of dolls.. 9,988 Total thous. of dolls.. 183, 549 Bond prices: Highest-grade rails .p. ct. of par, 4% bond.. 89.66 Second-grade rails.. p. ct. of par, 4% bond.. 80.99 Public utility p. ct. of par, 4% bond.. 79.08 Industrial P ct of par 4% bond 77.97 Comb, price index._p. ct. of par, 4% bond.. 81.68 Bond prices, 1st of following month: 5 Liberty bonds p. ct. of par.. 103. 88 16 foreign govt. and city p. ct. of par.. 104. 77 Comb, price index, 66 bonds, .p. ct. of par.. 100.36 Bond yields: Municipal (20) per cent.. 4.18 II. 8. Treasury notes and certificates, 3-6 months per cent.. 4.36 Liberty and Treasury bonds per cent.. 3.56 Long-term real-estate bonds issued: Grand total thous. of dolls.. 21, 947 Purpose of issueFinance construction... thous. of dolls.. 9,970 Real-estate mortgage- -thous. of dolls.. 5,590 Acquisitions and improvements thous. of dolls.. 3,252 Kind of structureOffice and commercial. -thous. of dolls.. 4,785 Hotels thous. of dolls.. 2,200 Apartments thous. of dolls.. 3,145 Corporation Stockholders 283.99 124. 82 +0.1 +3.1 -0.7 -2.2 -2.2 +6.1 —64. 2 103. 31 90, 907 293. 51 123.40 154.95 103. 19 99, 077 316. 15 130. 07 175. 63 102. 58 115, 435 286. 66 126. 10 187. 33 101. 97 92,837 344. 17 132. 40 179. 25 101.04 110, 804 242. 25 118. 29 142. 13 112. 25 56, 963 +20.1 +5.0 -4.3 -0.9 +19.4 +42.1 +11.9 +26.1 -10.0 +94.5 584, 491 920, 551 +57. 5 190, 582 10, 467 201, 049 226, 621 11, 949 238, 570 210, 897 10, 569 221, 466 190, 010 16, 947 206, 957 235, 427 13, 772 249, 199 269, 374 20, 864 290, 238 +23.9 -18.7 +20.4 -12.6 34 0 -14.1 3, 390, 462 289, 901 3, 680, 363 2, 783, 471 -17.9 178, 315 -38.5 2, 961, 786 -19. & 91.05 82.51 79.51 78.18 82.53 90. 72 81.98 81.12 78.34 82.79 91.30 83.11 81.30 78.57 83.31 89.83 81.87 80.34 78.23 82.34 90.09 81. 27 80.16 78.89 82.39 97.04 88.75 79.66 81.28 86.15 +0.3 -0.7 -0 ? +0.8 +0.1 —7.2 -8.4 +0.6 103. 11 104.55 100. 40 103. 85 104. 59 100. 53 103. 75 104. 20 100. 57 103. 45 103. 77 100. 09 102. 49 104. 52 100. 08 105. 94 105. 90 102. 60 —0 9 +0.7 0.0 —3 3 -1.3 -2.5 4.16 4.16 4.14 4.17 4.19 3.87 +0.5 +8.3 4.57 3.54 4.70 3.55 4.25 3.48 4.35 3.53 4.65 3.59 3.31 3.35 +6.9 +1.7 +40.5 +7.2 52, 116 64, 864 61, 360 37, 952 61, 065 61, 167 +60.9 -0.2 570, 742 682, 285 +19.5- 4,460 32, 955 33, 290 11,898 12, 590 14, 980 12, 530 7,622 13, 610 11,245 32, 759 12, 900 +8.6 +47.5 -58.5 -12.8 270, 198 137, 215 252, 920 -6.4 212, 829 +55.1 530 1,509 26, 550 11, 750 26, 200 2,510 400 270 15, 018 9,900 8,423 11, 095 300 1,970 11, 325 12, 535 1,530 2,905 1 ^4 87 -4.4 6,533 +123.0 +301.0 63, 843 89, 537 +40.2 +10.7 -56. 8 +89.9 -32.6 186, 503 48, 266 61, 495 200, 109 44, 760 42, 202 +7.3 -7.3 -31.4 3 142, 622 3 2, 854 -0.3 -2.3 +8.0 +3.8 99, 174 1, 612 24. 15 3 394, 756 1, 539 3 25. 11 -3.2 -7.8 +0.8 +4.7 +4.7 -3.8 449, 077 2 5, 432 3 418, 295 3 5, 247 -0.6 +0.1 +7.4 +3.5 29,000 650 4,309 ( Quarterly) Pennsylvania Railroad Co.: Domestic number.. Foreign number.. U. S. Steel Corp. common stock: Domestic number ._ Foreign _ .numberShares held by brokers per ct. of totalAmerican Telephone & Telegraph Co.: Domestic numberForeign number— FOREIGN EXCHANGE RATES Europe: England France . Italy Belgium Netherlands Sweden... Switzerland... Asia: Japan India America: Canada Argentina Brazil Chile dolls, per £ sterlingdolls, per franc. . dolls, per liradolls, per franc.. dolls, per guilder. . dolls, per kronedolls, per franc.. 2 2 154, 415 2 3, 032 2 2 102, 457 2 1, 748 2 23, 95 2 154, 008 2 2, 963 2 2 2 451, 603 2 5. 426 4.85 .039 .052 .139 .401 .268 .193 4.85 .039 .052 .139 .401 .268 .193 4.85 .039 .052 .139 .401 .267 .192 4.85 .039 .052 .139 .401 .267 .193 4.85 .039 .052 .139 .402 .268 . 193 4.85 .039 .052 .139 .401 .267 .192 4.88 .039 .053 .139 .403 .269 .193 0.0 0.0 0.0 0.0 -0.2 -0.4 -0.5 -0.6 0.0 -1.9 1 O.O -0.5 -0.7 -0.5' .451 .363 .458 .363 .462 .365 .464 .365 4.59 .365 4.56 .365 .469 .367 -0.7 0.0 -2.8! -0. 5 dolls, per Canadian doll.. 1.000 1.000 1.000 dolls, per gold peso.. .957 .956 .959 dolls, per milreis.. .119 .119 .120 .121 .121 .121 dolls, per paper peso.. 2 Quarter ending in month indicated. 1.000 .958 .119 .121 .998 .958 .119 .121 .998 .958 .119 .121 .998 .971 .120 .122! 0.0 0.0 0,0 0.0 0.0 -1.3 -0.8 -0.8 ..dolls, per yen.. dolls, per rupee.. 3 Quarter ending Dec. 31, 1927. 47 TREND OF BUSINESS MOVEMENTS—Continued 1928 The cumulatives shown are through December except where otherwise noted. Earlier data for items shown here may be found on pages 27 to 138 of the February, 1929, "Survey" 1929 PER CENT INCREASE (+) OR 1928 DECREASE (— ) August September October Novem- December ber January January Jan., 1929, Jan., 1929, Dec., 1928 Jan., 1928 CUMULATIVE TOTAL FROM JAN. 1 THROUGH DEC. 31 from from 1927 1928 Perct. increase (+) or decrease (-) cumulative 1928 from 1927 U. S. FOREIGN TRADE Imports 319, 617 353, 359 326, 493 339, 036 102, 511 13, 780 18, 569 26, 408 121, 231 17, 220 22, 298 10, 071 33, 436 107, 368 15, 076 18, 672 10, 618 28, 140 110, 655 14,028 18, 499 10, 952 29, 186 23, 089 76, 891 42, 168 84, 399 47, 403 78, 757 41, 632 74,928 40, 692 76, 518 37, 027 37, 540 6,296 41,610 6,745 41, 229 50, 029 6,778 47, 192 97, 431 33, 679 100, 954 35, 324 92,868 31, 942 6,270 96, 798 32, 823 6,615 107, 507 32, 001 110, 289 117, 624 108, 427 117, 691 142, 049 133, 395 37, 207 33, 776 63, 365 74, 980 42,007 35, 370 71, 182 89, 177 44, 563 30, 605 62, 506 80, 392 45, 013 28, 810 71, 233 76, 283 47, 659 28, 780 70, 591 79, 557 48, 302 28, 724 61, 221 66, 302 379, 872 421, 647 550, 894 544, 863 475, 602 491, 000 410, 778 149, 196 15, 167 24, 579 192, 860 20, 048 46, 291 14, 275 59, 173 269, 352 28, 928 57, 961 16, 936 97, 991 274, 429 65, 563 16, 173 238, 865 26, 385 44, 679 16, 030 94, 840 118, 926 85, 851 115,403 87, 288 126, 812 89, 478 118,425 77, 373 43, 766 17, 348 33, 805 49, 094 19, 719 59, 973 15, 517 8,011 371, 312 71, 805 27, 542 Grand total thous. of dolls . 346, 715 By grand divisions: EuropeTotal thous. of dolls.. 107, 785 France thous. of dolls.. 15, 074 Germany _ _ _ -thous. of dolls.. 21,011 Italy thous. of dolls 6,875 United Kingdom thous. of dolls. . 27, 517 North AmericaTotal .thous. of dolls.. 78, 190 Canada thous of dolls 43, 236 South AmericaTotal thous. of dolls.. 51, 079 Argentina thous. of dolls. 8,965 Asia and OceaniaTotal thous of dolls • 100, 886 Japan .-thous. of dolls.. 38, 991 Africa total thous. of dolls 8,782 By classes and commodities: Crude materials thous. of dolls.. 122, 186 Foodstuffs, crude, and food animals . _ _ ..thous. of dolls.. 45, 940 Manufactured foodstuffs .. -thous. of dolls.. 30, 060 Semimanufactures -thous. of dolls.. 66, 337 Finished manufactures thous. of dolls.. 82, 192 4, 184, 743 4, 091, 120 -2.2: 1, 264, 072 1, 248, 898 158, 565 221, 979 101, 812 348, 435 +10. r 985, 458 475,028 960, 264 488, 999 -2.6 +2.9' 518, 275 97, 240 569, 507 99, 485 +9.9' +2.3 1, 323, 682 402, 105 93, 255 1, 222, 354 384, 346 90, 092 -7. 7 -4.4 -3.4- +6.5 1, 601, 647 1, 466, 544 -8.4 -1.3 +5.9 -0.1 +0.2 -0.9 +15.3 +4.3 +20.0 504, 571 450, 596 749, 651 878,278 549, 542 405, 496 762, 622 906, 916 +8.9 -10. ft +1.7 +3.& 4, 865, 375 5, 128, 809 +5.4 207, 577 20, 670 42, 648 14, 530 74, 392 2, 310, 403 228, 781 481, 681 2, 374, 836 +2. 8 240, 691 +5.2 467, 205 -3.0 162, 135 +23.2 847, 277 +0.9* 103, 668 69, 001 87, 319 54, 180 1, 253, 027 836, 532 1, 322, 882 916, 156 +9.5> 49, 837 18, 396 42, 695 14, 938 34, 812 12, 557 438, 159 163, 486 480, 696 178, 899 +9.7 +9.4 414, 859 93, 006 39, 136 12, 630 543, 041 90, 075 37, 195 12, 099 538, 324 78, 908 27, 755 11,466 465, 987 480, 317 72, 255 26, 108 8 814 401, 913 +3.1 +19.5 756, 699 257, 570 107, 088 4, 758, 864 5, 029, 682 116,656 +8.9 +5.7 +8.4- 6,543 5,257 7,239 5,555 368, 636 337, 943 +8.7 +9.1 97, 153 167,800 12, 126 15, 856 200, 554 108, 970 357, 931 8,846 :::::::: 6,747 9,573 +20.7 -1.2 -5.4 -6.6 -2.7 Exports Grand total, including reexports thous. of dolls.. By grand division: EuropeTotal-. thous. of dolls.. France thous. of dolls.. Germany_ thous. of dolls.. Italy thous. of dolls.. United Kingdom thous. of dolls.. North AmericaTotal-thous. of dolls.. Canada thous. of dolls.. South America— Total _._ thous. of dolls.. Argentina ... . . thous. of dolls __ Asia and OceaniaTotal . thous. of dolls.. Japan thous. of dolls.. Africa, total . thous. of dolls.. Total domestic exports only thous. of dolls.. By classes of commodities: Crude materials thous of dolls Foodstuffs, crude, and food animals thous. of dolls.. Manufactured foodstuffs... thous. of dolls.. Semimanufactures ..thous. of dolls. Finished manufactures thous. of dolls.. Agricultural exports (quantities) : All commodities rel. to 1910-14.. All commodities except cotton. rel. to 1910-14 . 9,955 52, 826 11,457 7,544 31,111 105,462 +3.2 +19.5 131,651 840,059 +5.6 833, 738 +10. 2 288, 054 +11.8 52, 375 120, 188 176, 354 194, 006 152, 077 120, 631 112, 058 -20.7 +7.7 1, 192, 776 1, 293, 264 29, 308 34, 751 55, 873 199, 005 42, 363 35, 762 51, 095 165, 451 52, 381 51, 645 59, 999 202, 662 31, 532 45, 887 60, 861 206, 038 27, 390 45, 530 58, 153 182, 837 28, 667 48, 524 67, 653 214, 842 18, 077 43, 291 63, 851 164, 636 +4.7 +6.6 +16.3 +17.5 +58.6 421, 107 463, 299 699, 727 1, 981, 955 293, 487 -30. 3 467, 033 +0.& 716, 512 +2.4 2, 259, 386 +14. 0 75 138 201 192 160 133 113 +17.7 126 168 232 172 166 155 127 -16.9 -6.6 114, 175 113, 904 106, 066 111, 856 112, 341 143, 955 102, 967 170, 092 94, 621 133, 245 96, 958 97, 296 79, 506 84, 428 +2.5 -27.0 +22.0 1, 087, 864 1, 238, 798 1, 222, 196 +12.3 1, 374, 131 +10. 9> +12.1 +6.0 +30.5 +22.0 CANADIAN FOREIGN TRADE Total trade: Imports Exports.. thous. of dolls.. _thous. of dolls.. o +15.2 PUBLICATIONS" Of THE BEPARTJ\ljENT j6F , { Recent i>ul$ieaifcions of the Department of Commerce haying .tfee mdsfc direct interest to readers of 'the STJBVET o? „ „„_._ ;; BtraiNESS are listed below, A complete list may bes obtained by &ldrassmg the Division of Publications, Department pf Commerce, ^ at\Washnigtpn^ Copies pf^the publications^may be purchased Crosir the Buperint^ndfent^ot Documents, Government t Printing Qffice, Wasliing^ ; ?\' V" ' — OFFICE, 0r^^^ <'?;•':'* ' " /> Airports and Landing Fields., Aeronautics Bull6ti& No. : (fpridaerly Information Bulletin JSTo. 5); 11 pages. January eo^itioh^, Lists^all existingyand proposed airports and landing v ; . fiel'ds in1 the United^ Stat^showing their classification. ; i AeroniaUtical Publications. - Aeroriaijtics, Bulletin No. 6 (f6r~ N ;, anefly IliforMatiQii Bujljetin No* 6) ; 5, pages. Issue of January , , ' ' ' "™*«**»« OF STANDARDS W£-*t«; JBurean of Stajidards ^»ri^a!_c|^feesearch, ^ebu, 1929^ !]Pi^es .3S5-465, iUjistrations, ^i^ates, jctmrtSj .Thisl joupnal contains x the papers formerly issued-as the I'echnoloigic and Scientific faper^ <series? which series bave be^n f^eontihued..1 The articles in the journal arj§ fenown as Ihe. Research\Papprs series, and are assiied -separately affer ^ufclicatipri in" th^ Journal. Single copies, %$$\; Annual subscription^ ,$2f7^ ^ ^ / .Radio Service Bulletin, jJanttary, 1^29* , 28 pages. Issued *• n^onthly }by the .Raciio ' lUvision of the Department of^GomTechnical ] eth;0d ^of ITsi iaaerce^ , Contains list1 of radip fictions and references tov current Wave Length 5^0 mu in Spfectrofchotdmfctric Analysis of Sugar radio literature.. Single Copies, 6*0; annual subscription, 25,0. ^•dducts,,J# B?/fi. ^Peter?,an4 F: ^/PhfelDps,11 .Research Pa^er , \ Report of Airway Marking Committee, ii-f 10 pagesr $ Jllug. Nd. 3$,. ; pp. 33^342^1 qhart/ Price, 5^. ^ \ \— Report; ~by^a committed of>ti$ Aerbnatttics Branch of i&e i fiefleetlng fiotr0r of Bbryllmtii, Chromium, *£$ Several Other 4 JGfepa^tinfcnt of Commence ;on the' requirements ^ for, airway, JM^tals, by WM: CaJ>1^4tz and Hi Stair. , &es$iren Paper M6, 39. marking', with rjecoiamfendations , tor a standard sysfein ojf ,p;p. 343-354, 1 illits., 6 Charts. Contains data: on tlje'ultra-tfolet v si^li aia.rking for u^eijfchrd%houtthe country, , ,, * , ^ r reflecting ^OT^e^ql^rioiis metals. Price, &fa > \ r Survey qf J^oriutilfeed W$od hi Virginia, Beporl <af SubcomNote o|t|t!ffez®»Ele<itrie Generator for Audio-Frequencies, n by, mittee of Rational Ccbtohitke; on Wood August^^ H^n^.; -Hwarch-Papqr^Jsfo. 40» "|)p.\ 355-358, l pages, 19 iltiis^ ma|>: Stu&y <of woo(J waste -from tKe forests filus.; 1 |>l|i%. J^es^ribfcs experiments Jn^|>rodudBg audible of yirginia, .With siigge£tibr& for ^he^ utilisation ,bf thfe /frequencies b^ uselof small -crysfcate 'differing m Jtheit periods \ljaBabet/v There , is included favDiblidgraphy. Price, ^ of Vibration, /[ ' ^ ^ ' ' ' . _, (For Information concerning the , ',; . ptibli^tioS, cation and disinfeotioJi t>f . of the Censu4) , • Census .of Religious Bodies, 1926. Den6minational- reports, sfaowJBg kistory^doctrine,v aiid organization/ wjth .general statistics concerning membership, value and amount ,_of church "jirbpe^ty, debt, expenditures, £tdu: \^ ^ / M African Churcti Cdfcgregatlcfoal Holin^s Onureh. Paper* 8 pages, &rice ^« Eastern t>rthod^x Gharches.- Paper, 43 pages,, p^e 10£.t T < ' < I ,v Free Christian Zipn Ghorcb pf Cnrtst: Paper, 7 pages, price S£* ,i Free Church of God m Glirfst Paperj8pagesrR0ce8j6. i;ntherafls;. Paper, 148 pages, pr^ce200. , * , , <' v / ' ' n' Peateeo^tal Assemblies 0f tlie World* Paper, 9 pages, pricfc 8$. \ ,' Social, Brethreii. Paper, ff pages, prick 6fc. < 7, ; Ghurches of Civistr Paper, 11 pugefc, price £0. ,'; Polish National Oatholip €m&csJi of America, Pjapei:, Births StiUMrthi and infant Mortality Btati^tfes, Part I. This volume coEttains only rate tables vand, general tables. Text wi}t be presented:tt Patt II. " , /, , Financial Statistics of Cities having a population of over 30iOdO»l 19^7. ^ Preliminary sumloa^ry showing assessed ivalua^ '"tjtoti ^ad tax levies, revenues, govefninental-eQst payments, comparison of re venue receipts apd governmentalr^st^ayments jndebted^ss, ^tc. , ' , , ^ J ^ 1 JRIIEE^U OF FOREIGN AND Alaska fishery andt Fiir^Se^I Industries in l»2l'by Ward T. Bower. Bdcgmeiit No. 1040.1 (Appendix IV ^io Report of U. S^Commi^on^- v fisheries for 1928; pp. 01-^171^16 o! f l l i i s . Prce L '•- ^'\1 T^ ;: v - ^ ^ . ; Precipitation of Lead and Copper front Solution on Sponge Iron/by. Gk jL: Ofeghit, He E. Key^, Virgil Mflter, and W, A. : Sloan.:v Bulleti^^ 2Sl ^viii 4-131 pages, ^ illus,,x6 pages plates, 35 charts. Pescri^tion of Experiments ^n use ,ot sponge iron as\ a pt-ecipitant oJ l^ad and copper.; price, 3§#. . " Subsidence anjBt/. Ground Movement in Cdpper and Iroijt Mines of U^ar Peninsula of 3W(iehIgany by W. R. Crane. Bulletin 295; vix4 60 p^ges^ 40 illus., S plates. ; Stijdy of cause anm nature 'of subsideiice of land ovdr copper aild irpn mines ii Michigan, Prfeej 40£. , \ i Mineral feesources of United S&fctes, 1?27. Tlxe reports QH miner^l^respurces Nare first issiied in the fotm of; ^bulletjns, ot , Which tlfe ( following have feeei^ ^rfeitsod )&ince the February an4 tn&y be .obtained at the price indicated; Gold, Silver, C^pperi Le&d,^and ^inc in California an4 Oregon in 1927. «{Pt. lt pp. 255^m) Price, 100. - . „ Natural Oasifl 1927, , (Pt»K,\pp. 189^137.) ?rice, 6 , Me and Soapstone in 1S27; (PtvII, pp. N ; BlIKEAU (5P NAtlG^TIQN American Documented Seagoing Merchant Vessels of 500 Gros& Tons and Qv^f, Jaii., 19294 i^^ pages. Published inonthlyf J "Single ^bjpies, 10£;7annual subjscriptioh, 75^, , ,4 , , , Merchant Vessels of United States (Including Yachts and GovJ / Alo|itlily Summary oft,F<>reigii Conimerce of Unitefl, States^ i ? Dec., Ui#8« Farts I and, II. ^Part^ I contains statistics ol the namp, dim^i^io^, tonnage, jp^iac^ where built,^naaeo^ pwner^ \ f exports of dqnx^ic merchandise, and imports by articles for • and Hotne port'oi e^ch.vesserin^hie merchant marine. Price, $2, BecemHer;.1^27 and .192Srahd f or 12 months fcrid^d iDfecember, ^1927 -and 1B2^. Part II contains summaries cof export^ arid COASt ANi> GEOPE^IC StlBVEY impprjfc trg;de; monjthly average import and export prices; TMe Table,? ;New York flLarbbr and Vicinity for Year 1929. i statistics, of trade with Alaska, Hawaii, and Porto Kico. vSinglj& gerial No. 429; li+23, pages. Price, 5$. ' , copies, , Part I? lOfe 3Part II, ty» *L Annual subscription* 01,25. ' ' : . , .Trap^' Financing and JJxehange^n potto Eico aid jBCaiti»/I)y , ;tt. H. Dashiell, a$s%tant trad6 commissioner, an,d, SainuelH. Liglit kj&ir Lower Mississippi River and Tribftartes, Fifv Boriaker, cbnsuL Trtfd0 Information Bulletin N^p. 5,95 ; ii+17 tef^th Lighthouse Bi^rietT 19^8, corrected to Dec.^5i Cprr-. 'vpages, Discusses the planner o| financing trade iti.Porio Ric,o tarns all aids to navigation maintained, by tie United, States' andteaiti, banking 1 facilities of, the two countries, and exchange on the Mississippi ^iyer '"below t}ie moiith "of -the Missouri operations i n Haiti. Price, lO^.i ' , , ' , ,, ' < Eiver^ ,and on ^he, Ya^op 6anal and Bed Kiverv f rice, 20^. ' Pl^cttical Equipment Market in Spain, ^Trade Information ' ' OFFICE Bulletin" ^o/59&; ii-f 41 p%es. ~ Shows the amount of ^electricity Index jgeiiejaied^ its t various uses, and the^ra^es cha^ged^ wiffi a list Patents Issued from fUpited States Patdnt ^ ' " of ^yHroelectnc plants in. operation in Spain. Price, 10^; t , Frbncii and German Inland Waterways, ^y E. ^Chamberlain^ Inde? of 15pad^-Marks I^u«d %ni Uniterd Sftate*? Patent ^rade Infornia^ion Bulletin 'No^ 5!97;,ji+12 pag^s. Contains a Officer 19^ ' 64^Apages. Contains lists of trademark , regis- % ^ipparisoji of the traffic on the inland waterways of .France and tranta" and ^applicants, labels jategistrarits, and la'clAssifiecl list y for the ye^rs 1913 and 1925. Price, 10^. » r « of trade-marks afrd prints. " / ( also be\purcbased from tne bureau or its t p|&ces) -< ^-' * ^ x riio§tx£n^^ ' " " •'* * "' ' ' - tjbis y e a r c m s t s o 0 pages bttart§, i:eq0i:yingin cdn' le de$aij;41ie .economic^, botfadts domestic relatkais withfof^^acbtoW^^ ^ , v v l? - , >; ::,'?,.*>' v ''-•' »s *';;'-» ^ ^untti |ii^75a pages of t& f ^ , ^ -"\ -^ ; ' ;• , ^^ , Views arid tabl^66 chctirts^nc} \ p ; , / 1C large* £6loced -v ' ' /r t^ ' • , ' • - v ' ij> ' • ' ' r • \ ' -^f-i ' , - ^ r ' < ' ' . i - v -•--" —in be^iness o^^5 faQtoy^ ; v \uniyersity ^tody-^ v ' ! i , ' ", .\ ^ ; / ' PART I aM FA&T H , , ' , , ; are pbtainabfe upon'r^miMtoce\ol;$2.25.for tlie Qpoiplet^set, or $1.00 for" Volume I ^and/$3..25, fo^ Volume II, '" f / ,{ totheSuperintendei^^^^ ,A// //; - "> i > , gr any &i&tect;pi6^^ / ^ ^ y , . > r "'*!>-' ", > ' ' // ( •*••! /v '' ' >. i * XT i v j * - * '7 ^ ''tj' ' * /•' i< ' i' ^ ' ' i ' < ' i xK ^ "' •*. ' ( , T ", 'lk 'V < * i 1" ' * >, * / ' ^ ^ '* f ',