Full text of Survey of Current Business : May 1923
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MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS BUREAU OF THE CENSUS : COMPILED BY BUREAU OF FOREIGN AND DOMESTIC COMMERCE No. 21 MAY : BUREAU OF STANDARDS 1923 CONTENTS Summary for March., Business indicators (diagrams and table) Wholesale price comparisons (diagrams and table) Comparison of wholesale price index numbers ( d i a g r a m ) . . . . . Business conditions in March Monthly indexes of unfilled orders and stocks Index number of production and marketing Trend of business movements: Textiles Metals Fuel and power Paper and printing Rubber and automobiles Glass and optical goods Building and construction Hides and leather Chemicals, naval stores, and oils Foodstuffs Tobacco Transportation Labor. Price index numbers Distribution movement Public finance Banking and finance Page. 1 2 4 6 7 20 23 25 26 28 29 30 31 31 33 34 36 39 39 40 40 41 42 42 Page. Trend of business movements—Continued. Foreign exchange and trade 44 Trade and industry of foreign countries 45 Detailed tables: World production of cotton and wheat. 47 Production (Table 1) 48 Textiles (Tables 2 to 10) 49 Metals (Tables 11 to 20) 58 Fuels (Tables 21 to 25) 68 Automobiles and rubber (Tables 26 to 28) 73 Hides and leather (Tables 29 to 32) 76 Paper (Tables 33 to 39) 80 Building construction and materials (Tables 40 to 57) 87 Chemicals and fats and oils (Tables 58 to 66) 105 Foodstuffs and tobacco (Tables 67 to 89) 114 Transportation (Tables 90 to 96) 136 Distribution movements (Tables 97 to 105) 143 Labor and price indexes (Tables 106 to lia) 152 Banking and finance (Tables 114 to 127) 160 Foreign exchange and trade of United States (Tables 128 to 134) 174 Trade and industry of foreign countries (Tables 135 to 145) 181 World production of sugar, flaxseed, and rice 192 Sources of data 193 Index 197 SUMMARY FOR MARCH. Further increase in production was noted in March, while an increasing consumptive demand apparently digested the goods produced without an appreciable increase in stocks. For many important commodities, such as cotton goods, crude petroleum, automobiles, and pig iron, production exceeded any previous month on record, while new high records since the end of the war were made in the production of zinc, face brick, and anthracite coal, and many commodities had the largest output since 1920. Stocks of commodities tended to decline in spite of the increased production, while sales and unfilled orders continued to increase. The principal field of activity was still in the building and metal trades, both as to sales and actual output, though enamelware 43622°—23 1 sales declined perceptibly from February. Orders for steel castings and fabricated structural steel and the awards of building contracts all touched high levels. The transportation situation also reflected the increased distribution of commodities in the record car loadings for this season of the year, while the net car shortage was reduced. Employment in factories continued to increase, and wages were increased in a number of the basic industries. Sales of mail-order houses were at high levels for this season of the year. Prices of commodities at wholesale continued to increase in March and the cost of living rose slightly. Retail food prices were unchanged. Farmers received more for crops than in February but less for live stock. BUSINESS INDICATORS. (1913 monthly average=100. See explanation on inside front cover.) PIG-IRON PRODUCTION. 1921 COTTON CONSUMPTION. BITUMINOUS COAL PRODUCTION. 1020 ilOflfc I02> <«2 I.OOQ BO O 600 z A too L. \ \ / r wJ 40 1020 1022 1021 BANK CLEARINGS OUTSIDE NEW YORK CITY (VALUES), EXPORTS (VALUES). NET FREIGHT TON-MILES. 1020 A r^ ~i—/— I / i / l/v/ ft M 1021 1022 \ X NUMBERS I z X Z x -*^*^ 2 eo 100 f» MI 40 10 DEFAULTED UABILITIES (VALUES). 1020 1021 1022 PRICE OF 25 INDUSTRIAL STOCKS. WHO!JSSALE PRICES. 1.000. 1020 1021 1022 800 600 | I 400 «i —P f / 40 / / 9 90 ^ i 1 vvrv i V A w H 40 I \-»-80 1 1 t 40 1 30 10 j 10 BUSINESS INDICATORS. The following table gives comparative index numbers for a selected list of important business movements. It is believed that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which index numbers can be calculated, using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of index numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the absolute value of the two sets of data. In either group, however, the upward or downward trend of the index numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. 1922 MONTHLY AVERAGE. 1928 COMMODITY. 1920 1921 1922 Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar 138 1 9 1 3 monthly average-100. Production: Pig iron* Steel ingots Copper Anthracite coal Bituminous coal Crude petroleum Cotton (consumption)*4 Beef Pork Unfilled orders: Steel Corporation Stocks: Crude petroleum Cotton (mills and warehouses) **... Prices: Wholesale index, all commodities (Dept. Labor) Retailfood (Dept. Labor) Retail coal, bitum.—U. S. average (Dept. Labor) Farm crops (Dept. Agriculture) l ... Fannlive stock (Dept. Agriculture). Business finances: Defaulted liabilities Price 25 industrial stocks* Price 25 railroad stocks* Banking: Bank clearings, New York City Bank clearings, outside N. Y. City.. Commercial paper interest rate... Distribution: Imports (value) Exports (value) Sales, mail-order houses Transportation! Freight, net ton-miles 119 135 99 97 116 178 111 121 111 54 64 39 99 87 189 85 109 116 87 110 81 58 85 222 102 121 129 64 79 37 89 103 197 98 98 123 79 107 61 115 126 225 108 119 118 81 111 75 («) 40 216 92 106 105 170 90 96 70 76 109 150 152 183 234 161 199 187 226 203 147 153 149 142 207 238 168 197 109 107 108 184 67 90 123 90 51 224 103 124 133 92 119 93 1 56 220 106 125 149 94 113 92 2 43 225 95 119 117 71 100 98 2 56 225 109 127 109 79 108 95 65 103 219 103 131 101 103 130 101 112 113 231 111 141 113 111 131 101 112 114 230 120 134 146 121 126 103 111 117 242 109 124 183 126 147 110 114 126 249 127 125 188 117 132 101 102 106 234 118 107 156 86 89 95 98 101 113 117 116 114 117 123 125 211 171 225 151 235 128 244 103 249 87 250 83 251 138 253 184 252 191 252 193 6 241 176 6 243 156 247 141 142 142 139 143 139 148 139 150 141 155 142 155 139 153 140 154 140 156 145 156 147 156 144 157 142 159 188 113 111 179 105 108 179 112 117 177 115 115 175 118 118 175 119 119 175 118 119 184 114 112 205 110 109 205 110 110 208 118 105 207 123 104 206 126 106 205 130 107 203 134 106 230 136 64 229 169 75 320 149 68 315 153 70 322 163 74 195 166 76 168 166 74 176 170 77 177 178 82 162 184 83 152 191 83 177 182 76 256 187 74 217 190 74 179 198 79 213 199 78 257 275 127 205 212 113 230 228 76 195 184 84 237 221 83 238 212 79 244 228 74 255 233 70 233 224 65 215 225 68 219 233 72 249 267 76 220 246 76 240 260 80 251 288 80 213 230 80 270 294 331 264 140 181 188 174 154 204 144 121 161 171 159 211 145 154 196 169 149 194 174 162 174 169 145 154 188 146 157 200 151 190 185 179 268 195 184 277 196 166 287 214 162 243 198 148 232 137 105 114 104 120 90 103 106 99 111 125 144 139 132 138 119 (•) 154 120 117 117 271 129 142 142 251 87 169 290 1019 monthly average- 1OO. Production: Lumber * Building contracts (floor space) Stocks: Beef Pork Business finances: Bond prices index (40 issues) Banking: Debits to individual accounts, outside New York City Federal Reserve, bills discounted... Federal Reserve, total reserves Federal Reserve, ratio 100 72 85 69 114 102 95 64 103 111 107 125 126 128 132 130 122 111 129 116 124 95 123 100 124 101 96 83 109 83 99 89 128 139 70 97 43 85 27 70 31 67 29 74 27 76 24 83 21 94 20 91 20 81 22 67 28 47 40 50 48 68 48 82 42 92 102 86 87 107 102 104 107 108 108 109 111 112 110 107 107 107 106 104 114 132 97 87 91 91 122 122 97 28 144 154 84 37 141 156 99 33 142 155 94 30 143 156 92 29 143 155 98 24 144 154 93 20 145 158 90 21 146 158 94 22 146 156 105 24 147 155 98 34 146 152 112 33 144 144 112 31 147 153 96 31 146 152 112 38 145 150 •Monthly statistics on the movements since January, 1913, or as fan back as available, are given on pages 47-49 of the December Survey (No. 16). » Monthly prices are for the 15th of the month indicated. * Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hard and soft woods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of 84,552,000,000 board Zest reported by the census. ' »Less than 1. * Yearly figures are monthly averages for the crop year ending July 31 of year indicated. »Does not include stocks of topped oil or crude oil held at refineries; this omission reduced the January stocks by about 15,000,000 barrels. COMPARISON OP PRESENT WHOLESALE PRICES WITH PEAK AND PREWAR. (Relative prices 1913=100.) INDEX NUMBERS _20O WHEAT 300 400 700 I PRODUCTS. PRICE TO PRODUCER CORN POTATOES COTTON COTTON SEED WOOL CATTLE. BEEF HOGS LAMBS WHEAT. SPRING WHEAT, WINTER CORN. NO. 2 OATS BARLEY RYE. NQ 2 TOBACCO.BURLEY COTTON. MIDDLING WOOL. OHIO. UNWASHED CATTLE. STEERS HOGS. HEAVY SHEEP. EWES SHEEP. LAMBS FLOUR.SPRING FLOUR. WINTER. SUGAR. RAW SUGAR. GRANULATED "COTTONSEED OIL BEEF. CARCASS BEEF, STEER. ROUNDS PORK. LOINS COTTON YARN COTTON. PRINT CLOTH COTTON, SHEETING WORSTED YARN WOMEN'S DRESS GOODS SUITINGS SILK. RAW HIDES. PACKERS HIDES. CALFSKINS LEATHER. SOLE LEATHER. CHROME BOOTS AND SHOES {BOSTON) COAL. BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM PIG IRON. FOUNDRY PIG IRON. BASIC STEEL BILLETS. BESSEMER COPPER LEAD TIN ZINC LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON. NEW YORK BRICK. COMMON. CHICAGO CEMENT STEEL BEAMS RUBBER. CRUDE SULPHURIC ACID PRICE PRICE IN MAR. 1923 DECEMBER WHOLESALE PRICE COMPARISONS.—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS. NOTE.—Prices to the producer on farm products are from U. 8. Department of Agriculture, Bureau of Agricultural Economics, All other prices are from U. 3. Department of Labor, Bureau of Labor Statistics, except market price of wool compiled by U. 8. Department of Commerce, Bureau of the Census. As far as possible all quotations represent prices to the producer or at the mill. See diagram on opposite page. COMMODITIES. Date and m a x i m u m relative price. Jan., 1933. Mar., 1933. Feb., 1923. crease ( - ) in Mar. from Feb. Relative price. (1913 average=100.) Farm products—Average price to producer: Wheat. Corn. Potatoes.... Cotton Cottonseed. WooL Cattle, beef. Hogs... Lambs • Farm products—Market price: Wheat, No. 1, northern, spring (Chicago) Wheat, No. 2, red, winter (Chicago) Corn, contract grades, No. 2, cash (Chicago) Oats, contract grades, cash (Chicago) Barley, fair to good, malting (Chicago) Rye, No. 2, cash (Chicago) Tobacco, burW, good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool, unwashed, fine (Ohio) Cattle, steers, good to choice, corn fed (Chicago) Hogs, heavy (Chicago) Sheep, ewes (Chicago) Sheep, lambs (Chicago) Food: Flour, standard patents (Minneapolis) Flour, winter straights (Kansas City) Sugar, 96° centrifugal (New York) , Sugar, granulated, in barrels (New York) Cottonseed oil, prime summer yellow (New York) Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds No. 2 (Chicago) Pork, loins, fresh (Chicago) Clothing: Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) Cotton, print cloth, 27 Inches, 64 x 60-7.60 yards to pound (Boston) Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York) Worsted yarns: 2/32's crossbred stock, white, in skeia (Boston) Women's dress goods, storm serge, all-wool, double warp, 50 inches (New York) Suitings, wool, dyed blue, 65-56 inches, 16-ounce Middlesex (New York) Silk, raw Japanese, Kansai No. 1 (New York) Hides, green salted, packer's, heavy native steers (Chicago) Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Leather, sole, hemlock, middle, No. 1 (Boston) Leather, chrome calf, dull or bright, " B " grades (Boston) Boots and shoes, men's black calf, blucher (Massachusetts) Men's dress welt tan calf (St. Louis) Fuels: Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati) Coal, anthracite, chestnut (New York tidewater) Coke, Connellsville (range of prompt and future) furnace—at ovens Petroleum, crude, Kansas-Oklahoma—at wells Metals: Pig iron, foundry No. 2, northern (Pittsburgh) Pig iron, basic, valley furnace Steel billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Lead, pig, desilverized, for early delivery (New York) Tin, pig, for early delivery (New York) Zinc, slab, western, early delivery (New York) Building materials and miscellaneous: Lumber, pine, southern, yellow flooring, l i 4 , " B " and better (Hattiesburg district). Lumber, Douglas fir, No. 1, common, s 18,1 x 8 x 10 (State of Washington) Brick, common red, domestic building (New York) Brick, common building, salmon, run of kiln (Chicago) Cement, Portland, net without bags to trade, 1 o. b. plant (Chicago district) Steel beams, mill (Pittsburgh) Rubber, Para Island, fine (New York) Sulphurio add, «6* (New York) Per cent increase (+) or de- June, July, June, July, May, July, May, July, Apr., 1920 1920 1920 1920 1920 1918 1919 1919 1920 326 300 706 312 321 344 183 256 239 131 114 108 216 199 211 93 104 175 133 120 107 231 207 211 94 102 178 May, May, Sept., June, Mar., Mar., Mar., Apr., Mar., Mar., July, Apr., Feb., 1920 1920 1917 1920 1918 1918 1919 1920 1920 1919 1919 1918 1920 354 302 331 296 325 451 352 331 350 218 266 319 263 131 128 114 117 104 137 208 215 236 115 98 148 182 136 138 118 122 107 136 208 226 236 110 94 143 188 May, May, May, May, July, Sept., July, Sept., 1920 1917 1920 1920 1919 1920 1920 1919 328 363 598 526 374 201 211 254 145 145 151 158 149 119 103 104 146 145 176 171 150 114 105 105 May, Apr., May, Jan., Oct., July, Jan., Aug., Aug., Mar., Nov., Mar., Aug., 1920 1920 1920 1920 1918 1920 1920 1919 1919 1917 1919 1920 1919 348 478 427 289 292 291 466 283 490 211 473 308 292 192 227 197 219 169 221 225 109 86 124 167 210 153 198 232 206 225 176 227 241 108 88 124 167 210 153 Sept., Oct., Aug., Mar., 1922 1921 1920 1920 336 201 637 375 256 200 338 145 222 200 292 185 222 200 300 198 July, Sept., July, Mar., June, May, June, 1917 1920 1917 1917 1917 1918 1915 346 330 388 230 261 224 386 180 175 145 93 178 88 125 183 179 154 98 185 94 130 202 Feb., Jan., Feb., Oct., Sept., June, Jan., Feb., 1920 1920 1920 1920 1920 1917 1913 1016 455 407 381 251 195 331 124 250 220 212 305 178 158 132 34 70 221 212 305 177 173 139 38 70 230 135 123 123 237 213 223 95 100 180 133 134 118 123 106 130 208 240 232 109 98 153 183 145 146 208 201 163 112 111 100 203 238 208 225 184 227 237 105 88 No quo-[ tation. 209 153 205 172 108 193 109 141 236 +1.5 +2.5 +15.0 +2.6 +2.9 +5.7 +1.1 -2.0 +1.1 -2.2 -2.9 0.0 +0.8 -0.9 -4.4 0.0 +6.2 -1.7 -0.9 +4.3 +7.0 -2.7 -0.7 +0.7 +18.2 +17.5 +8.7 -1.8 +5.7 -4.8 +2.5 +2.6 +1.0 0.0 +4.5 0.0 -1.7 -2.8 0.0 -0.5 0.0 0.0 0.0 +2.7 +7.0 +10.4 +14.5 +11.7 + 10.2 +4.3 +16.0 +8.5 +4.1 +11.3 36 0.0 -1.1 0.0 +5.0 -5.3 70 0.0 305 175 173 146 COMPARISON OF WHOLESALE PRICES BY GROUPS. (U. S. Department of Labor Index numbers. Relative prices 1913-100.) 1917 1916 J M M J S N J M M 1918 J 8 N J M M J 1919. 8 N J M M J S 1920 N J M M J 1921 S N J M M 1922 J S N J M M J 1923 f i N j M OUV 300 \\ \ / \ 280 / \ — 260 / \ / #20 \ \ / \ \ \ \ j i / \ 1 1 1 INDEX NUMBER r J / A r / \ • I / / • i20 A 1 s — * V p. - *-& / \ 80 60 40 20 n f ( \ i. \ \ I I V \ \ \ — \ / / N.. K y J / / \ -V \ I \ j \ / { 191: 5 A\ ER/ GE 100 / \ \ j \ , \ J. i -"-si i \ J \ \ \ r 1 \ 200 /v \ zt 1 240 \ ^~ -5=5= ^ = 1 BUSINESS CONDITIONS IN MARCH. The following pages contain a review by principal industries of the more important statistics shown in the table on the "Trend of Business Movements" (page 25). Summaries of production, stocks, sales, and price changes are given also. COURSE OP PRODUCTION SINCE RELATIVE PRODUCTION (1919=100). Maximum since end of 1919. PRODUCTION. On account of the larger number of working days in March, comparison with February is made by allowing an addition of 10 per cent to the latter figures. Even with this allowance, production in March exceeded February and in many cases made new high records. The index of mineral production on a 1919 base was 125.8 in March, as compared with 124.3 in January and the high record of 131.8 in October, 1920. The index of animal products marketings was 113.6 in March, as against 113.4 in January and the high mark of 119.6 in May, 1922. Out of 47 commodities for which production figures are now available on a 1919 base, March production exceeded February by more than 10 per cent in 39 cases, as against only 8 declines from the adjusted February figures. Three of the declines were in the lumber group and two were seasonal declines among the food commodities, showing a decrease from February. Compared with March, 1922, there were 40 increases and only 7 decreases, the declines occurring in many of of the same commodities showing a decrease from February. New high records since 1919 were made in March by cotton consumption and production of anthracite coal, crude petroleum, zinc, North Carolina pine and Douglas fir lumber, oak flooring, wrapping paper, clay fire brick and enamel baths, while new high records since monthly figures became available at the beginning of 1921, were made by by-product coke, copper, passenger automobiles, and trucks. COMBINED PRODUCTION I N D E X 1922 Maxi- Minimum mum 1921 1922 since since aver- averend of end of age. age. Feb. Mar. 1919. 1919. Manufacturing (total)... Manufacturing (62 identical commod.) Raw materials, total Minerals . Animal products.... Crops Forestry 1 126.7 119.7 153.4 131.7 119.6 194.6 127.9 74.0 72.9 62.5 79.7 49.1 60.6 1928 Jan. Feb. 80.9 102.8 93.3 97.5 112.1 85.5 82.1 97.8 108.0 99.0 106.3 112.6 109.9 82.3 93.6 2114.0 2 100.9 119.7 93.2 93.6 115.6 96.1 116.2 124.3 "i06."5 "i25."8 87.8 102.5 113.4 95.4 113.6 96.3 77.8 114.5 73.4 85.7 99.3 106.9 96.7 2118.6 2109.1 126.7 For details of individual commodities, see pp. 23 and 24. Mar. 94 92 107 79 130 51 71 125 109 152 110 178 126 203 121 201 169 468 135 92 93 80 104 103 91 76 99 86 111 93 91 83 97 94 92 60 99 71 120 85 110 90 Cotton (consumption) 120 Sole leather 95 Boots and shoes U13 103 82 79 80 101 122 110 122 117 123 99 146 124 113 103 91 30 79 124 130 83 127 104 105 138 140 '114 127 129 181 119 121 94 105 100 54 57 37 47 95 113 128 144 119 112 84 94 97 101 76 71 92 131 172 180 94 121 115 105 153 103 85 81 130 79 105 68 75 102 70 128 42 82 52 91 51 49 110 91 79 109 77 107 120 91 42 113 146 157 98 140 116 122 92 105 35 86 129 121 86 120 98 107 106 109 93 134 154 172 92 142 110 134 121 121 110 155 178 121 64 71 35 59 82 94 117 119 96 111 100 102 138 138 114 127 129 91 90 82 108 104 92 97 114 103 37 149 113 58 153 105 50 120 126 108 180 164 138 68 53 150 94 319 123 FUELS: Anthracite coal Bituminous coal Beehive coke By-product coke Crude petroleum Gasoline Kerosene Gas and fuel Lubricating oil Electric power 121 137 127 3 155 178 177 116 153 135 145 (2) 41 11 8 62 112 98 71 93 89 98 157 68 56 110 CLOTHING: METALS: Pig iron Steel ingots Copper Zinc Silver Gold (receipts) TOBACCO: Cigars4 4 Cigarettes Manufactured tobacco4 LUMBER: Yellow pine Western pine North Carolina pine... California white and sugar pine California redwood Douglas fir Michigan hardwoods.. Michigan softwoods... Northern hardwoods.. Hemlock Oak flooring Maple flooring 272 182 138 122 120 161 120 319 139 8 57 121 122 102 89 82 105 91 106 103 78 109 79 60 59 88 57 123 83 114 135 117 62 68 81 78 226 114 19 90 108 61 28 72 44 171 92 15 134 107 54 37 118 68 202 92 47 120 108 74 49 134 74 242 113 143 138 116 135 126 135 135 121 55 64 69 93 64 87 79 89 104 79 94 85 71 102 102 105 120 107 120 111 105 82 90 85 105 91 107 95 53 109 117 110 105 121 120 119 113 119 106 103 119 102 121 118 102 86 109 100 116 117 135 122 113 142 142 30 18 104 104 65 117 109 84 100 96 116 137 103 151 112 , 130 131 187 3 184 124 13 43 34 3 61 48 106 120 117 125 104 37 63 105 122 79 92 144 142 77 47 68 67 64 81 65 84 126 100 67 103 111 102 121 119 131 147 148 Baths, enamel Lavatories, enamel... Sinks, enamel Buildings (contracted for) 267 235 214 65 86 80 149 112 110 120 127 122 209 195 172 152 154 135 199 166 240 182 182 267 229 210 72 102 64 111 114 102 141 77 48 44 27 28 21 33 42 47 PAPER: Mechanical wood pulp Chemical wood pulp.. Newsprint Newspapers (printed). Book paper Wrapping paper Paper board Fine paper C o r r u g a t e d paper boxes5 Solidfiberpaper boxes5 BUILDING EQUIPMENT: 102.2 81.2 Wheat flour Beef products Pork products..... Lamb and mutton Sugar (meltings) Oleomargarine Cottonseed oil Condensed milk Butter Cheese Ice cream • Corn products Silica brick Clay fire brick Face brick. Cement Glass bottles (Relative monthly production 1919=100.) 1922 1923 Minimum 1920 1921 1922 since aver- aver- averend age. age. Feb. Mar. Feb. Mar. of 1919. FOODSTUFFS: STONE, CLAY, AND SAND PRODUCTS: NUMBER.1 1919. 77 65 130 113 134 139 TRANSPORT VEHICLES: Automobiles, passen6 231 ger « 131 Motor trucks 135 Locomotives 79 Ships •June, 1922. 1 Since November, 1921. 2 Less than 1. «Since Jan. 1,1921. 6 32 9 2 4 184 83 93 67 As represented by tax-paid withdrawals. & Relative to last 6 months of 1919. s Since July 1,1923. 231 131 126 7 8 COURSE OP PRODUCTION SINCE STOCKS. 1919. (Average monthly production 1919-100.) INDEX NUMBERS WHEAT FLOUR BEEF PRODUCTS PORK PRODUCTS LAMB AND MUTTON SUGAR (MELTINGS) OLEOMARGARINE COTTONSEED O L W CORN PRODUCT8 COTTON (CONSUMPTION) SOLE LEATHER BOOTS AND 8HOE8 ANTHRACITE COAL BITUMINOUS COAL BEEHIVE COKE BY-PRODUCT COKE CRUDE PETROLEUM Figures on stocks of commodities at the end of March show a continuation of the rapid consumption previously noted. In spite of record productive activity in March, stocks did not increase, and a declining tendency was more predominant. Among the food commodities, which are largely subject to seasonal conditions, there were 6 increases and 10 decreases in March, while among the other Commodities there were 5 increases, 13 decreases, and 2 unchanged. Compared with a year ago, there were 12 increases and 4 decreases among the foodstuffs and 6 increases and 15 decreases among the other commodities. GASOLINE KEROSENE GAS AND FUEL OIL COMPARISON OF MARCH PRODUCTION WITH PRE-WAR. (Average monthly production 1913=100.) LUBRICATING OIL ELECTRIC POWER INDEX NUMBERS PIG IRON STEEL-INGOT COPPER WHEAT FLOUR ZINC SILVER • E E F PRODUCTS GOLD (RECEIPTS) ^ORK PRODUCTS CIGARS LAMB! AND MUTTON CIGARETTES MANFD. TOBACCO OLEOMARGARINE; YILLOW PINE WESTERN PINE NORTH CAROLINA PINE (CONSUMPTION COTTON CALIFORNIA WHITE PINE CALIFORNIA REOWOOD (CONSUMPTION DOUGLAS FIR MICHIGAN HARDWOODS MICHIGAN SOFTWOODS ANTHRACITE COAL. BITUMINOUS COAL] NORTHERN HARDWOODS HEMLOCK BEEHIVE COKE OAK FLOORING MAPLE FLOORING BY-PRODUCT COKE. MECHANICAL WOOD PULP CRUDE PETROLEUM CHEMICAL WOOD PULP NEWSPAPERS (PRINTED* NEWSPRINT PAPER PIG IRON STEEL-INGOTS BOOK PAPER WRAPPING PAPER COPPER PAPER BOARD FINE PAPER CORRUGATED PAPER BOXE8 ZINC 8ILVER SOLID FIBER PAPER BOXE8 SILICA BRICK CLAY FIRE BRICK GOLD CIGARS FACE BRICK CEMENT GLASS BOTTLES BATHS. ENAMEL LAVATORIES. ENAM EL SINK8. ENAMEL 'BUILDINGS (CONTRACTED) AUTOMOBILE8. PASSENGER* MOTOR TRUCKS LOCOMOTIVE8 •HIPS The cumulative data representing the production record of the first quarter of 1923, in all lines for which comparable data are available, indicate without exception advances over the same quarter of the years 1921 and 1922. NORTHERN HARDWOODS OAK FLOORING CEMENT BATHS (ENAMEL) LAVATORIES O (ENAMEL) JINKS (ENAMEL) LOCOMOTIVES AUTOMOBILE8 ( PASSENGER > COURSE OF COMMODITY STOCKS SINCE 1919 (TAKEN AT E N D OP MONTH) . (Relative stocks 1919-100.) STOCKS OF COMMODITIES SINCE 1919. (Taken at end of each month.) INDEX NUMBERS 400, 600 RELATIVE STOCKS (1919=100). BB.BP PRODUCT8 1922. 1923. 1922 1920 averaverFeb. Mar. Feb. Mar. 1919. 1919. age. age. Maxi- Mini. PORK PRODUCT8 LAMB AND MUTTON, SUGAR ( R A W ) COTTONSEED OIL WHEAT (VISIBLE) FOODSTUFFS. WHEAT FLOUR Beef products Pork products Lamb and mutton Sugar (raw) Cottonseed oil Wheat (visible) Wheatflour Corn (visible) Oats (visible) Butter 70 97 183 110 110 89 95 174 69 EGGS POULTRY FISH 82 70 73 146 181 159 136 51 241 239 153 178 162 101 61 85 75 81 146 247 528 31 27 122 143 108 152 277 222 115 217 276 301 95 122 183 215 102 61 COFFEE APPLES Poultry Fish* Coffee Apples Rice (domestic). RICEIDOME8TIO COTTON (TOTAL) CRUDE PETROLEUM.' 43 85 324 157 107 93 76 622 211 81 79 101 72 72 145 166 159 91 Pig iron (merchant)... Zinc Tin BUTTER CHEESE. 124 20 129 38 928 25 437 44 200 8 191 28 149 54 ,482 108 316 16 174 6 156 28 240 (l) 183 30 110 27 177 72 391 360 50 Crude petroleum. Gasoline Kerosene Gas and fuel oil... Lubricating oil... CORN (VISIBLE) OATS (VISIBLE ) 27 33 31 70 74 67 41 34 34 287 437 172 57 59 72 135 146 123 64 80 77 769 1,300 1,482 290 316 210 14 34 79 28 80 125 82 133 57 41 61 98 125 103 172 178 111 204 190 154 42 92 68 130 87 184 38 102 79 298 63 173 868 124 13 54 C1) 171 44 94 223 251 908 108 7 37 1 143 27 104 132 215 CLOTHING MATERIALS. GASOLINE KEROSENE Cotton (total).... QA8AND FUELOIL LUBRICATING OIL 87 102 114 104 145 134 134 151 143 223 168 100 172 143 190 171 110 172 157 201 181 107 162 147 232 239 91 166 148 235 60 108 332 132 213 232 67 97 244 114 171 139 112 161 304 58 29 202 51 27 401 127 72 105 161 103 103 157 170 50 31 53 104 109 129 98 141 234 199 100 182 193 179 78 89 164 149 126 74 98 159 180 92 178 185 98 55 73 128 76 103 200 222 80 211 269 135 73 103 149 107 129 73 96 195 218 88 216 263 167 90 122 141 119 63 91 175 165 109 208 257 95 40 48 141 94 118 61 101 175 150 107 217 248 95 36 49 111 47 90 106 118 121 119 132 95 38 95 97 120 89 116 84 129 96 26 134 19 FUELS. PIG IRON(MERCHANt) ZINC TIN YELLOW PINE MICHIGAN HARDWOOD8 MICHIGAN SOFTWOODS OAK FLOORING MAPLE FLOORING SILICA BRICK CONSTRUCTION MATERIALS. 'FACE BRICK CEMENT Yellow pine Michigan hardwoods. Michigan softwoods... Oak flooring Maple flooring Silica brick Face brick Cement^ Baths (enamel) Lavatories (enamel).. Sinks (enamel) Rosin« Turpentine 4 BATHS (ENAMEL) LAVATORIE8,( ENAMEL) 8INKS( ENAMEL) ROBIN TURPENTINE MECHANICAL WOOD PULP CHEMICAL WOOD PULP NEWSPRINT (AT MILLS) BOOK PAPER PAPER. WRAPPING PAPER PAPER BOARD Mechanical wood pulp. Chenical wood p u l p . . . Newsprint (at mills)... Book paper Wrapping paper Paper board Fine paper FINE PAPER .OTHER-AGRICULTURAL PRODUCTS TOBACCO (TOTAL) FLAX SEED I I I I I MAXIMUM SINCE (919 • 1919 Tobacco (total) Flaxseed FEBRUARY* STOCKS OF COMMODITIES COMPARED WITH PRE-WAB. (Taken at the end of each month.) RELATIVE STOCKS 1920 average. Cementa Tohap/v) Flaxseed 1921 average. 1922 average. 127 71 89 89 150 109 38 99 183 258 80 114 33 134 256 270 89 183 152 84 196 127 375 91 131 74 177 315 268 60 161 234 48 89 134 256 87 130 10 i Relative to 1914. 9 194 607 371 63 171 211 71 148 167 312 123 145 6 Feb. 264 356 159 58 156 243 37 27 111 281 121 2 Relative to stocks at end of 1913. 132 1,578 19 102 117 550 1,242 116 167 149 Index number less than 1. a On 15th of month. a Relative to stocks at end of 1919 < Relative to season beginning Apr. 1, 1919. SALES. 1928 Mar. 210 533 405 77 187 199 72 158 76 321 126 95 121 112 114 99 1 (1913=100). 1922 Feb. 108 99 125 115 101 117 101 143 138 175 131 130 132 112 OTHER AGRICULTURAL PRODUCTS. MARCH 1923 M I N I M U M SINCE Wheat (visible) Corn (visible) Oats (visible) Coffee Cotton (total) Crude petroleum Pig iron (merchant) *.. Zinc . Tin . .. 55 81 123 79 29 21 34 41 13 Mar. 249 317 138 64 142 247 32 25 220 281 116 150 1 Orders for future production of commodities continue to increase. Of the 13 individual commodities for which March sales figures are now available, all but the 3 classes of enamelware showed increased sales over February. Distribution through wholesalers and retailers and the distributing services of advertising and postal transport also showed greatly increased activity. Except for the issue of new bonds, security sales were considerably higher than in February. 10 Compared with a year ago the 13 individual commodities and the 6 distribution movements and services for which March figures are available all show large increases, while, among the securities, increases occurred in stocks and life insurance, but sales and new issues of bonds declined. COMPARISON OF SALES IN DIFFERENT LINES OF BUSINESS. RELATIVE SALES (1919=100). Maximum since end of 1919. 1923 1922 Minimum 1921 1922 since 1920 aver- averend age. of Feb. Mar. Feb. Mar. 1919. INDIVIDUAL COMMODITIES. 14 8 28 12 27 25 7 23 17 21 33 35 97 333 104 53 73 65 34 54 36 77 120 34 92 69 59 77 73 43 119 63 74 45 42 85 750 134 129 156 139 125 201 84 120 95 60 61 725 91 70 93 81 52 136 57 97 70 44 119 600 162 91 130 108 52 199 87 122 84 53 216 390 2,125 167 199 186 167 212 201 190 169 40 5 71 106 47 111 26 127 148 114 65 81 89 121 73 105 81 121 119 91 84 45 109 106 78 106 72 122 140 87 127 86 126 118 118 147 118 87 71 124 95 77 141 90 61 101 95 80 119 110 88 118 114 110 164 113 123 120 113 147 106 124 163 111 150 91 132 160 107 126 168 108 152 135 162 109 122 98 110 91 113 82 119 110 144 129 122 114 78 103 83 108 91 112 106 100 122 125 110 178 152 72 105 100 120 55 94 184 102 83 111 163 114 87 136 196 122 87 81 113 116 85 109 150 351 Pig iron (merchant) 2,125 Freight cars 199 Structural steel 215 Baths, enamel 262 Lavatories, enamel 222 Sinks, enamel 205 Sanitary pottery 336 Oak flooring 135 Maple flooring 167 Redwood lumber 193 Clay fire brick 129 Leather belting Abrasive paper and cloth 148 129 Fine cotton goods 147 Paper 168 Printingi l 147 Optical goods 284 113 149 131 62 336 129 167 193 73 99 DISTRIBUTION MOVEMENT. Wholesalers' Mail-order houses 1 Chain stores l 114 136 280 Postal receipts l Telephone receipts * Telegraph tolls * Railroad revenues: Passengers * Freight 1 Advertising: Magazine Newspaper 159 169 125 95 114 SECURITIES. Stocks Bonds Municipal bonds (new) 1 . Life insurance l 1 Items based on value. 2 62 100 139 103 Relative proportion of order's to total transactions. PRICES. Farmers' prices for crops continued to advance in March and rose to 34 per cent above the 1913 average, but the index of live-stock prices received by farmers declined during the month to within 6 per cent of the pre-war average. The wholesale price index of the Department of Labor increased from 157 to 159, due principally to metals, building materials and chemicals. The fuel and lighting group again declined. The Federal Reserve Board's regrouping shows no change in raw products, due to the decline in mineral products, but a slight increase in consumers' goods and a 5 per cent advance in producers' goods. The Reserve Board's index for international comparison rose from 166 to 169 in March, with substantial increases in the prices of both imported and exported goods. Dun's index number increased from 158 to 160, while Bradstreet's remained unchanged at 151. The retail food index remained unchanged in March at 42 per cent above the 1913 level. Taking up the individual prices shown in the diagram and table on pages 4 and 5, farm prices declined for only one commodity, hogs, while potatoes made an especially large increase. The market price of farm products, however, in general declined, with cotton and hogs the chief exceptions. Manufactured food products advanced, except pork and carcass beef, while flour was practically stationary. In the clothing group, cotton goods and woolen dress goods advanced, while other items were unchanged or declined slightly. Coke and petroleum advanced in price, while coal was unchanged. The metal group showed pronounced advances throughout, while lumber also made a good advance. Brick, cement, and sulphuric acid showed little change, and rubber declined. The greatest relative advances occurred in sugar, tin, potatoes, iron, steel, copper, and Douglas fir lumber, all over 10 per cent, while rubber with a decline of 5.3 per cent showed the greatest decrease. TEXTILES. Wool consumption in March was about 8£ per cent higher than in February but slightly lower than in January. Machinery activity was also considerably greater than in February. Wool receipts at Boston were the highest since last July, with foreign receipts the highest since March, 1921. The average price of raw wool to the producer rose to over 37 cents, the highest recorded since June, 1920, while among the wool products an increase in the price of dress goods was the only change. Imports of wool for January were the highest since April, 1921. Consumption of cotton by textile mills in March broke all records, and at 623,105 bales was about 8,000 greater than in May, 1917, the previous high month. Mill stocks of cotton for March 31 were greater than those held on the last day of February while warehouse stocks continued to decline, and the total stocks of 4,413,000 bales at the end of March were the lowest reported for this season of the year EXPORTS AND CONSUMPTION OF COTTON. I.OOO 900 11 since 1914. More spindles were active in March than in February, the March activity making a record of 255 hours per spindle. Exports of raw cotton declined to 318,210 bales in March. Imports of cotton, exclusive of linters, declined to 53,219 bales. Fabric consumption by tire manufacturers in February was the highest on record since such data have become available. Prices of cotton and cotton goods made substantial advances during March. highest since February, 1920. The forward business of these furnaces as represented by their unfilled orders was the largest since October, 1920, and represents approximately four months' production based upon the March rate. PRODUCTION OF PIG IRON AND STEEL INGOTS AND U. S. STEEL CORP.'S UNFILLED ORDERS. STOCKS OF COTTON: NUMBER OF J)AYS' SUPPLY AT DAILY RATE OF CONSUMPTION. 35a f • 0 Q. Q. D s CO 250 CO I o 200 cc in CO Z v ^> \ i •7' 9 I 1920 I 1921 I 100 According to a special report of the Department of Agriculture, it is estimated that the cotton acreage intended to be planted in 1923, will be 12 per cent greater than the 1922 acreage and 9 per cent greater than the average for the past 5 years. Silk deliveries to mills declined from February and stocks of raw silk again decreased. The price of silk declined. IRON AND STEEL. 11923 LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS. 160 Pig-iron production broke all previous records in March at 3,521,275 tons, and steel-ingot production, allowing for companies not reporting, amounted to 3,888,897 tons, the highest since March, 1920. Unfilled orders of the United States Steel Corporation increased to 7,403,000 tons, the highest since January, 1921. Unfilled orders for locomotives increased to 2,316, a new high record, and freight-car orders were the largest in recent years. The productive activity of merchant pig-iron furnaces was greater than at any time since the end of 1921, while the sales of merchant pig iron were the 1922 1920 1921 12 Bookings of commercial steel castings amounted to 143,564 tons, the highest on record and equal to 148 per cent of plant capacity. Railway specialties were booked to double the capacity of shops devoted to this class of castings, while miscellaneous bookings were 115 per cent of capacity. Sales of fabricated structural steel again advanced in March, reaching 95 per cent of plant capacity. The following figures compiled by the Bureau of the Census show the total tonnage booked during the past 12 months by 168 firms, with a monthly capacity of 225,155 tons, and the estimated total sales for the United States based on a capacity of 250,000 tons per month at the rate of sales to capacity of the reporting firms. BOOKINGS OF FABRICATED STRUCTURAL STEEL. YEAR AND MONTH. Actual tonnage booked. Per cent Estimated total of capacity. bookings. NONFERROUS METALS. Copper production rose to 122,194,000 pounds in March, exceeding previous figures for over two years, and the price advanced to 17 cents per pound. Zinc production at 97,462,000 pounds was the highest since 1917, while stocks on March 31 were close to the lowest on record. The movement of zinc at St. Louis increased and the price of slab zinc rose. Stocks of tin almost doubled in March and were the highest since May, 1920. The price of tin advanced. The movement of lead at St. Louis increased and the price continued to advance in March. FUELS. Production of coal and coke increased in March, with anthracite production the largest since 1918, and both kinds of coke exceeding previous monthly figures since 1920. The bituminous output was slightly less than in January. PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL. 1922. 198,228 182,112 163,615 154,547 153,797 144,519 129,816 109,435 130,853 April May June July.. August September October . November December SS 81 73 69 68 64 58 49 58 220,000 202,500 182,500 172,500 170,000 160,000 145,000 122,500 145,000 U68,227 2 178,822 3 210,716 75 80 95 197,500 200,000 237,500 /"> \ 1923. January February March 1 Reported by 166 firms with a capacity of 224,455 tons. 2 Reported by 166 firms with a capacity of 224,755 tons, a Reported by 153 firms with a capacity of 220,790 tons. Meltings of gray iron foundries in Ohio rose from 68 per cent of normal in February to 83 per cent in March. Sheet production in independent mills rose to almost 93 per cent of capacity. Shipments of sheets exceeded production, and sales in turn exceeded shipments, all three items making new high records, except for sales in December, 1922. Unfilled orders for sheets were the highest since December, 1920, and unsold stocks the lowest since that date. Sales of stokers increased slightly but were less than in March, 1922, measured by horsepower. Shipments of steel furniture were the largest in value since October, 1920. Production of steel barrels at 48 per cent of capacity and unfilled orders at 627,143 barrels at the end of March both were the largest on record, while shipments were slightly smaller than the high mark of last June.1 i The Steel Barrel Manufacturers' Association has entered into cooperative arrangements with the Department of Commerce for the wider distribution of the statistics compiled and issued by that association. The statistics are issued daily and monthly and cover the sales, production, shipments, and unfilled orders of steel barrels and drums specified by kind and size; shipments are distributed by states. Persons desiring to obtain this service may either apply direct to the secretary of the association, 1428 Bulkley Building, Cleveland, Ohio, from whom a statement of the subscription charges for the various reports may be obtained; or, if they prefer, may send their names to the Survey of Current Business for forwarding to the association. 3* I 7 iii'liUSSsHlBhiliHsHiSiHlilSsHiei'f 1030 | 1821 | 1023 | 1923 Exports of coal and coke showed a decline in February and storage of anthracite was about the same as in January. Prices of coal and coke showed little change in March. The production of petroleum continued to brfcak records in March, with an output of 56,132,000 barrels. Stocks again rose, but represented a smaller number of days' supply, due to the rise in consumption. The price of crude petroleum rose and more oil wells were completed than in February. Gasoline production in February, according to figures just made available, amounted to 568,652,078 gallons, a slight decline from January, but more than 40 per cent larger than in February, 1922. Stocks of gasoline reached a new high record at 1,130,340,767 gallons. Production on a daily average was one per cent greater than in January, while consumption on this basis was almost 7 per cent less. 13 PRODUCTION OF BEEHIVE AND BY-PRODUCT COZE. AUTOMOBILES. The output of automobiles made a new high record in March with 318,424 passenger cars and 34,593 trucks. Internal revenue tax collections increased in March on passenger cars and trucks, but declined on accessories; passenger car taxes were the highest collected since December, 1920. 36 y <o30 V I O25 O h U.I5 O J I \ v / \l <o Q 5 20 v BUTTONS. Reports furnished to the Department of Commerce by the National Association of Button Manufacturers show the following weekly comparisons regarding stocks of finished fresh-water pearl buttons and machinery activity by 17 companies representing 95.2 per cent of the machine capacity of the association members.0 \ / \ Q Z D \ 4 \ / A \ \ STOCKS ON HAND (GROSS). WEEK ENDING— 1922 1821 1923 Production figures for kerosene, lubricating oil and gas and fuel oils were considerably larger than in February, 1922, while stocks were smaller. Production and shipments of newsprint paper made a considerable increase in March and consumption by publishers was almost as great as the record made last October. Stocks declined in all positions and the price of newsprint, except Canadian, advanced over the February quotations. PRODUCTION AND STOCKS OP NEWSPRINT PAPER. 11,930,906 11,920,613 11,976,769 12,040,558 M3.6 !52.1 ^2,1 153.2 33.8 45.1 51.4 51.4 13,508,275 13,493,976 13,532,540 13,564,760 11,938,300 11,997,520 12,043,674 12,108,272 54.2 54,2 54.5 52.1 51.1 51.1 49.5 49.8 13,399,376 i 13,340,008 13,373,501 13,454,219 13,467,402 11,909,903 11,895,817 11,941,118 12,000.472 12,020,933 53.1 !51.0 53.3 54.2 52.8 49.0 48.7 48.6 50.3 50.5 13,344,945 13,357,190 113,455,624 11,988,674 12,082,463 12,161,789 54.0 54.8 155.6 50.2 50.1 48.5 . BUILDING CONSTRUCTION. 260 y \ 240 y V/ / 200 "V -\ CO 160 CO 120 12,100,792 1 Based on reports from 16 firms. 320 O 19221 13,832,294 13.. 20 27... 10... 17 24... March— 3... 10 17... 24... 31 April— 7. 14 21 1923 13,611,979 13,638,275 13,646,436 13,671,499 February— 3 PAPER AND PRINTING. G December 30 (previous year).. January— 6 19221 PER CENT OF MACHINE ACTIVITY. • . / CT»Oh V \A 40 1920 I I92I i %1922 i I ||923 Production of corrugated paper boxes in March was the highest on record, but solid fibre board production declined. Activity of printing establishments and their purchases and sales declined in February, but were all considerably higher than a year ago. The cost of building continued to rise in March and averaged about 4 per cent greater than in February and about 110 per cent above the pre-war average. The contracts awarded in March for building in 27 northeastern states amounted to 64,920,000 square feet, valued at $333,518,000. The volume of building awards was the largest in over three years, but the value of the March awards was smaller than for several months in 1922. Contracts for residential buildings comprised over 60 per cent of the total floor space and were over 7,000,000 square feet in excess of any recent month. Business and industrial building contracts for March were larger than in March, 1922, but all public and semipublic buildings showed a decline from a year ago. Fire losses were slightly smaller than in February. a The National Association of Button Manufacturers has entered into cooperative arrangements with the Depatrment of Commerce for the wider distribution of the statistics compiled and issued by that association. The statistics cover the quantity and price of orders received, quantity of button stocks on hand, and machinery activity weekly for freshwater pearl buttons specified by kind and grade. Persons desiring to obtain this service may either apply direct to the secretary of the association, 1182 Broadway, New York City, or, if they prefer, may send their names to the Survsy of Current Business for forwarding to the association. A limit sd number of free copies is available for distribution by the association. If the demand for these becomes greater than the supply, a charge will be made by the association sufficient to cover merely the cost of distribution. 14 VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES. 1920 1919 1921 BUILDING MATERIALS. Production of all species of lumber was larger than in March, 1922, by a good margin, while only Michigan hardwoods showed a smaller output this year in March than in February. Shipments in March were greater than in either the previous month or the corresponding month last year. Stocks declined during March except for Michigan softwoods. Prices of lumber advanced. Large increases occurred in March in the production, shipments, new orders, and unfilled orders for both oak and maple flooring. In all cases, except production of maple flooring, these figures are the highest of any month in recent years. Stocks of both kinds of flooring declined. j 12 m -I HI 1 £ 10 f L / 1 1 \ j ^ / / v/\ i i \J y / \ 1 1 \ i i ! i I IKl i I 1923. Brick production made a good increase in March, with clay fire brick the highest since 1919, and silica brick the highest since March, 1920. Shipments exceeded production and stocks declined, except for 1923 face brick in both cases. Unfilled orders increased, with face-brick orders the highest on record. Cement production and shipments were about 50 per cent greater than a year ago, while stocks declined. Concrete paving contracts let in March were smaller than in February and also less than a year ago. Shipments of sanitary enamel ware increased but new orders declined for all classes. Stocks increased in March, except for lavatories. Reports from the Tubular Plumbing Goods Association0 show a large increase in sales in March, totaling 470,717 pieces, valued at §445,999. Comparisons with previous months are shown on page 65. HIDES AND LEATHER. PRODUCTION AND STOCKS OF PORTLAND CEMENT. 14 1922 The production of sole leather increased in March and exceeded any month of 1922. Increases also occurred in the production of skivers and oak and union harness. Production of boots and shoes reached a level in March not previously attained since statistics on this movement have become available. Sales of belting rose and exceeded previous months since October, 1920. Prices of hides declined, while boots and shoes showed a similar tendency. o The Tubular Plumbing Goods Association has completed cooperative arrangements with the Department of Commerce for the wider distribution of the statistics compiled and issued by that association. These statistics are issued semi weekly and cover manufacturers' sales, in 3-day intervals, of the classes of goods listed in the accompanying table. The figures are given in much greater detail in the regular reports, specifying the quantity subdivided by sizes, which have been sold in particular states, cities, or territories. Persons desiring to obtain this service may do so by applying either to the secretary of the association at 25 Broad Street, New York City, or, if they prefer, may send their names to the Survey of Current Business for forwarding to the association. If there is a large demand for these sheets, a charge will probably be made by the association to cover the cost of printing and mailing. 15 OILS AND CHEMICALS. OTHER CROPS. Receipts of turpentine and rosin at southern ports exceeded the March, 1922, receipts, while stocks on hand were more than 20 per cent lower than a year ago. The price-index numbers of the various classes of chemicals all rose during March, especially crude drugs. The price of sulphuric acid remained unchanged. The production of cottonseed oil was less than in March, 1922, but stocks of both cottonseed oil and cotton seed were higher. The price of cottonseed oil advanced rather sharply in March. Receipts of flaxseed at Minneapolis and Duluth were slightly heavier than in February, while stocks were considerably lower than a year ago. Shipments of linseed oil and oil cake from Minneapolis were greater than a year ago. Receipts and shipments of rice were considerably less in March than a year ago but stocks were greater. Carlot shipments of apples, potatoes, onions, and citrus fruit were larger than in February or than in March, 1922. Cold-storage holdings of apples made a seasonal decline, still exceeding the corresponding 1922 figures. Plantings of white potatoes intended for 1923 will be 9.1 per cent less than the 1922 plantings, according to the Department of Agriculture, while intended sweet-potato plantings will be 2.5 per cent less. CEREALS. Wheat movement for March was about the same as a year ago, but the visible supply was 28,000,000 bushels larger. The 1923 winter-wheat estimate of 572,000,000 bushels by the Department of Agriculture on April 1 points to the smallest crop since 1918. Prices of wheat and flour in general declined in March. Wheat-flour production for February, figures for which have just become available, was slightly higher than a year ago, and consumption and stocks were also greater. Corn movement was much smaller than in March, 1922, and the visible supply was 20,000,000 bushels less. Grindings increased slightly, but were still under the figures for a year ago. The wholesale price of corn increased during March. The visible supply of oats was 60 per cent less than the supply on March 31, 1922. Prices of oats rose, while the prices of barley and rye declined. Car loadings of grain and grain products declined slightly, both as compared with February and with March a year ago. According to reports to the Department of Agriculture, intended planting of spring wheat will be 5.5 per cent less than last year's acreage, corn and oats each will be 2.6 per cent greater, and barley 5.7 per cent greater. Reports furnished to the Department of Commerce by the Iowa-Nebraska Canners' Association show spot stocks of corn on March 31 as 2347302 cases, while total future sales for the first quarter of the year amounted to 869,225 cases.a « The Iowa-Nebraska Canners7 Association has entered into cooperative arrangements with the Department of Commerce for the wider distribution of trade statistics collected, compiled, and issued by that association. These statistics cover periodic reports on acreage planted to sweet corn and the production, stocks, and sales of canned corn. Persons desiring to obtain this service may either apply direct to the secretary of the association, at Marshalltown, Iowa, or, if they prefer, may send their names to the Survey of Current Business for forwarding to the association. A limited number of free copies are available for distribution by the secretary of the association. If the demand for these is greater than the supply, a charge will be made by the association sufficient to cover merely the cost of distribution. MEATS AND DAIRY PRODUCTS. The movement and slaughter of live stock in March was slightly less than a year ago for beef and sheep but greater for hogs; slight exceptions to the above trends occurred in the increased slaughter of sheep and the smaller stocker and feeder shipments of hogs. INSPECTED SLAUGHTER, CONSUMPTION, AND COLD-STORAGE HOLDINGS OF B E E F . 600 > 460 400 ¥ r U/V 7 1"I J *M 1, /, \ AJ n1 SLA UGh T E R r H \ \\ A V a V \l: V V' \ \ V CL 3 0 0 23 ^ 200 ISO loo \_ % % \\ \\ _J * \ r- J \ / 60 0 February slaughter of live stock was considerably larger than a year ago and consumption of meat was also larger. Exports of beef were slightly less than in February, 1922, but pork exports were greater. Cold-storage holdings of meats and dairy products at the end of March were considerably in excess of stocks held a year ago, except butter and eggs. Milk production in the Minneapolis district was much higher than in March, 1922. Receipts of dairy products were larger than a year ago and prices were higher. Receipts of poultry also were higher than last year, but the fish catch was. smaller. 16 SUGAR AND COFFEE. Meltings of sugar increased in March but were slightly less than a year ago. Stocks of raw sugar at refineries were slightly higher than at the end of March, 1922. Prices of sugar continued to rise. Receipts of sugar in Cuba were almost identical with the March, 1922, receipts, but exports were considerably larger and stocks smaller than a year ago. cent greater, indicating pronounced consumption of raw materials. PANAMA CANAL TRAFFIC. / J CUBA. 126 Oft j J j r\ 90 72 M 18 \ ( \ 1 i \\ r\\ \ r A */ > 11 \\ > \\ ^ V \ 0 )USANDf 5 OF LONG EXPORTS FROM C - STOCKS OP RAW SUGAR IN CUBA AND SUGAR ^ \ k V / A UJ cc Q z D 7 r A f i i 1 1 1 1 I • I 1 v. \ A 4 ' A, A / ;/• i ^ - 0 i 2 i I 1821 f923 The visible supply of coffee, both domestic and world, was smaller than a year ago, and receipts in Brazil were also less. A larger amount, however, was cleared from Brazil to the United States. 0 SHORTAGE, SURPLUS, BAD-ORDER, FREIGHT TOBACCO. RAILROAD TRANSPORTATION. Freight-car loadings for March were not only the greatest on record for this season of the year but on a level not normally reached until about midsummer or early fall. As compared with a year ago, the March average loadings of ore were 150 per cent greater, while coal and forest products were upward of 40 per IV 0 850 —^« I V \ V 1 i I s/ \ u 450 g /^ o*7 /*- 250 200 (00 \ / \ \ 50 1920 / 1 V\> 1 I f I\ 1 iC I l\ 1 l\ tz 1 \\ / \\J 1 1 1 \ 1 ^ TZ TI \ \ \ \ >^ zr \ ZJ J, v \ \ ! \ / \ 1 \/ i: J S J I JPL |I J ^ * \ '/ / / A \ 1 */ \ 2/ V / ^. 300 / 1 zt 31 |V 350 \ t 1 1 ' / / 1 \ \j" / / 800 150 A 1 A /L 1 \ \ \ \ / Co OF y | i WATER TRANSPORTATION. Total cargo traffic through the Panama Canal was slightly less in February than in January, but the average daily traffic was greater and the amount carried in American vessels surpassed previous months in this respect. The Sault Ste. Marie and Erie Canals were still closed to navigation in March. Movement of vessels in foreign trade through American ports was about the same as a year ago, but the proportion of American ships was considerably smaller. Ocean freight rates to Europe advanced slightly after a succession of declines, but the rate to Great Britain still declined slightly. AND TOTAL LOADINGS CARS. y Increases took place in March in the output of manufactured tobacco products, as indicated by taxpaid withdrawals, but, except for cigars, the March figures were lower than for January. Stocks of unmanufactured tobacco at the end of March were higher than a year ago. 3< | 1923 1922 1921 1920 A* V -A 1921 192 \R SH OR 1 f* ' 5 < I 1923 17 March witnessed a reduction in both the surplus and shortage of freight cars, especially the latter, indicating a better distribution of railway equipment for traffic requirements, as well as reducing the average daily net shortage from 65,000 to less than 55,000 cars. The number of bad-order cars was reduced to the lowest point in two years. Railway operatingfiguresfor February show declines in both revenues and expenses, with net operating income smaller than a year ago. Pullman passenger traffic in March was greater than a year ago. SALES OP MAIL-ORDER H O U S E S AND CHAIN TEN-CENT STORES. LABOR. Employment in factories continued to increase in March, snowing a gain of 27 per cent over a year ago in 1,428 representative firms throughout the United States. Unemployment figures for Pennsylvania again declined, with a decrease of 94 per cent from a year ago. FACTORY EMPLOYMENT. 140 A ( 130 120 09. GC UJ CQ A /JM t —/* D Z 110 X f Ft f •/r ft 1y / \ UJ Q Z 100 if \ % i i i i I 1922 I 1923 February reports of state and municipal employment agencies show a decline in workers registered and an increase in positions available. Applicants exceeded jobs offered by only 5 per cent in. February. Immigration increased slightly and emigration was the lowest in recent years. 1924 DISTRIBUTION. An increase of 25 per cent in mail-order house sales brought the March total above any month back to March, 1920. Chain-store sales were 39 per cent greater than in February and made a record for any month outside of the December holiday trade. Candy sales increased slightly in March but were much less than in January, owing, no doubt, to the Lenten season. 43622°—23 2 PUBLIC FINANCE. A very slight increase again occurred in the total interest-bearing debt of the Government, but Liberty bonds outstanding decreased slightly. Customs receipts made a new high record of $62,172,000 and total ordinary receipts were $90,000,000 in excess of the March figures last year, including the incometax payments. Government disbursements were less than a year ago. Per capita money circulation again increased. BANKING AND FINANCE. 1921 A VERAGE 90 I Large increases occurred in March in magazine and newspaper advertising in postal receipts and in theater receipts. Both magazine and newspaper advertising made new high records since 1920. Debits and bank clearings were about 17 per cent larger than in February, with about the same relative increase in New York City as outside. Compared with a year ago, New York City debits increased about 10 per cent and clearings about 5 per cent, but in outside cities the increases were about 13 and 21 per cent, respectively. In the Federal Reserve banks there was an increase in discounts and a decline in investments. Note circulation, total reserves, and the reserve ratio declined slightly, while deposits increased. Member banks increased both their loans and their investments, while demand deposits declined. Interest rates rose to 5 per cent for both call and time money. Savings deposits continued to increase, with a gain of about 1 per cent during the month. All districts except Boston, Minneapolis, and Kansas City showed a gain over February, and postal savings also increased slightly. Life-insurance sales made a large increase over February and two of the three classes established new high records. 18 BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS. 24 incorporations declined perceptibly from both the previous month and the corresponding month last year. In a larger volume of sales, prices of industrial stocks advanced and railroad stocks declined slightly. Bond sales also increased in March but prices declined throughout all groups. \ NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED LIABILITIES. § 20 u. o CO I \ 3.000 \ l6 ft 2.700 It 12 ; 2.100 1 CO Q UJ CC Q 2.400 > * / "Vi. D A \ I i 80 16 70 8 30 6 20 a Q. < _ J D -> • 11923 i g I K i i i i i i | i• i § 1913 JULY i \ 1% Z i i\ \ \ i i I 1933 S '• 1 i I 2 0 < "» 4 10 z H O O 10 40 f J D •a IP20 1 12 60 f 14 60 i ^ o 1921 I 1922 1920 INTEREST RATES AND BOND PRICES. 1 BONO INDEX NUMBER INTEREST RATES PER CENT < V/ 0 GOLD AND SILVER. NO Pf ,ie» v \ \ Business failures were slightly larger in March and defaulted liabilities increased 19 per cent. Dividend payments for all classes of corporations were higher than a year ago, as were interest payments, but new Domestic gold receipts declined in March but both imports and exports increased, the import balance being reduced to $5,559,000. Silver production made a noticeable increase, while imports and exports almost balanced. The price of silver advanced. FOREIGN EXCHANGE AND TRADE. Little change occurred in the foreign exchanges in March, the chief increases occurring in the exchanges of Chile, France, Italy, and Belgium, while Brazil showed the greatest decline. The general index was unchanged. Exports from the United States in March amounted to $350,000,000, the highest since last November. 19 EXPORTS FROM THE UNITED STATES AND THE UNITED KINGDOM. 400 r h f 300 CO DC 111 # i r m \ / > Z 200 US Q *A z " ^ i 100 / A. V 13 AVERAG E 1920 1921 1922 1923 Owing to the much larger number of classifications required under the new tariff act and the difficulty in getting the declarations properly made out, all import statistics have been greatly delayed. It is expected that these difficulties will be overcome shortly and that the statistics can again be brought up to date. Figures for imports during January, 1923, have just become available Since these can not easily be fitted into the table on the " Trend of Business Movements/ ' the imports of those items usually reported in the Survey are given in the accompanying tableComparison is made with the quantities imported in January, 1922. With the exception of rice and mechanical wood pulp, the imports of the commodities here shown in quantities point to a marked increase in the volume of our import trade during the fiscal year 1923 as compared with 1922. In point of value, the total goods imported into the United States since the beginning of the fiscal year was 43 per cent greater than the corresponding period a year ago. IMPORTS OF SPECIFIED COMMODITIES. January, 1923. GRAND TOTAL IMPORTS FOODSTUFFS: Rice Coffee Tea Sugar Vegetable oils HIDES AND SKINS: Total Cattle hides Calfskins Sheep and lamb skins., Goat and kid skins TEXTILES: Cotton Wool Silk Fiber Burlap RUBBER METALS: Iron and steel Tin PAPER: Mechanical wood pulp. Chemical wood p u l p . . . Newspaper print CHEMICALS: Potash Nitrate of soda January, 1922. Percentage increase (+) or decrease ( - ) , January, 1923, from January, 1922. CUMULATIVE TOTAL FROM JULY 1. 1922-23 1921-22 Percentage increase (+) or decrease (—), cumulative 192223 from 1921-22. thous. of dolls.. 319,000 217,185 +46.9 2,012,110 1,405,857 +43.1 .thous. of lbs. .thous. of lbs. .thous. of lbs. long tons. .thous. of lbs. 11,922 115,608 8,738 240,034 63,112 8,640 119,353 6,966 314,939 49,060 +38.0 -3.1 +25.4 -23.8 +28.6 40,222 721,709 70,649 1,866,116 339,529 44,848 717,404 57,921 1,379,777 233,133 -10.3 +0.6 +22.0 +35.2 +45.6 .thous. of lbs. .thous. of lbs. ..thous. of lbs. .thous. of lbs. .thous. of lbs. 59,327 33,126 4,596 <9,397 8,854 27,833 15,934 2,272 3,213 5,530 +113.2 + 108.0 +102.3 + 192.5 +60.1 402,030 240,671 44,311 45,557 48,344 212,185 104,019 27,944 26,588 47,617 +89.5 + 131.4 +58.6 +71.3 +1.5 bales. .thous. of lbs. .thous. of lbs. . .long tons .thous. of lbs. 105,215 56,313 5,603 47,106 61,013 42,093 22,152 4,593 14,612 37,781 +150.0 +154.2 +22.0 +222.4 1 +61.5 277,802 250,323 38,873 198,956 307,153 201,253 94,560 37,020 107,986 260,856 +38.0 +164.7 +5.0 +84.2 +17.7 thous. of lbs. 82,653 54,011 +53.0 446,735 307,327 +45.6 ..thous. of long tons. thous. of lbs. 119 13,165 13 9,103 +815.4 +44.6 728 82,119 82 41,784 +787.8 +96.5 .short tons. ..short tons, .short tons. 30,447 116,426 106,988 20,920 95,525 82,482 +45.5 +21.9 +29.7 166,189 753,620 650,294 172,011 491,359 524,594 -3.4 +53.4 +24.0 ..long tons. ..long tons. 20,409 109,064 17,591 9,470 +16.0 +1,051.7 136,497 453,983 90,275 117,196 +51.2 +287.4 20 MONTHLY INDEXES OF UNFILLED ORDERS AND STOCKS. The availability of accurate data, covering the past three or four years,, on unfilled orders and stocks of basic commodities and the growing need for such indexes as may sensitively reflect the situation in industry has led the Department of Commerce, supplementing its production index, to compile similar indexes for unfilled orders and stocks. In compiling these index numbers we have taken the data published regularly as a part of the Survey of Current Business. Data on stocks and unfilled orders are lacking for many of the items on which we have production figures, so that these index numbers are not as accurate, but it is believed that the trends can be shown well enough for all practical purposes. It is interesting to note that stocks at the end of February were, with the exception of four months last summer, the lowest since September, 1920. On the other hand, unfilled orders were the highest since August, 1920. The accompanying diagram shows graphically the relation between these two items and production. For purposes of this graphic comparison the indexes on production and stocks have been recomputed to a 1920 base. The high point in stocks on hand during the past depression occurred in March, 1921, while the low point for production was reached in July and that for unfilled orders in August, 1921. Maximum stocks went to over 50 per cent above the 1919 average, while production at the minimum declined about 25 per cent and unfilled orders about 60 per cent from their respective averages in 1919 and 1920. RELATIVE PRODUCTION, STOCKS AND UNFILLED ORDERS IN BASIC INDUSTRIES. 1922 I J923 21 UNFILLED-ORDER INDEX. This index is based upon the following eight items: Unfilled orders for steel (United States Steel Corporation), locomotives, merchant pig iron, steel sheets (independent steel mills), maple flooring, oak flooring, clay fire brick, and face brick. The index is formed by weighting each item arithmetically, as far as possible, by the value added to it in the process of manufacture in 1919, as ascertained by the Census of Manufactures. The average unfilled orders in 1920 is taken as 100 in calculating relative figures. The following table lists the items included in this index with their respective weights: Weight used. INDUSTRY OR PRODUCT. Cotton (total) Merchant pig iron L u m b e r (includes yellow pine, California w h i t e pine, Michigan hardwoods, Michigan softwoods, having a total weighting of 46, a n d oak a n d maple flooring, h a v i n g a weighting of 10), total weighting P a p e r a n d p n l p (include mechanical wood p u l p , chemical wood p u l p , having a weighting of 5, a n d n e w s p r i n t , book, fine, a n d wrapping paper a n d paper board, h a v i n g a weighting of i t ) , total weighting... Oils a n d naval stores (include kerosene, gas, a n d fuel oils a n d lubricating oil, h-iving a weighting of 19, a n d rosin, t u r p e n t i n e , flaxseed, and cottonseed oil, w i t h a weighting of 7), total weighting Brick a n d enamel ware (include clay fire a n d face brick, w i t h a total weighting of 7, a n d lavatories, b a t h s , sinks, a n d miscellaneous enamel ware,, having a weighting of 4) total weighting Nonferrous metals (include zinc a n d t i n ) , w i t h a weighting of Total weighting 56 16 26 11 168 The index is formed by weighting each item or series of items arithmetically, as far as possible, by the value added to it in the process of manufcture in 4 Locomotives 1919, as ascertained by the Census of Manufactures 9 Merchant pig iron 57 Steel (independent sheets and United States Steel Corporation). for the year 1919. The average stocks in 1919 is 10 Maple and oak flooring 7 Face and clay fire brick taken as 100 in calculating relative figures. 87 Total weighting The following table gives the monthly indexes of unfilled orders and stocks from January, 1920, to INDEX OF STOCKS ON HAND. date. The stock index, because of its more compreThis index is based upon the 31 individual items hensive nature, is divided into various group index shown by groups with their respective weights in the numbers, while the unfilled-order index represents the combined total of 8 commodities. table at the top of next column: INDUSTRY OR PRODUCT. Weight used. PRODUCTION, STOCKS AND WHOLESALE PRICES. 1923 22 INDEX NUMBERS OF STOCKS AND UNFILLED ORDERS. UNFILLED ORDERS. STOCKS. By groups. Total. Cotton. Pig iron. Lumber. Paper and pulp. Brick Oils and naval and enamel stores. ware. Nonferrous ; metals. Total, index. Relative to 1920. ! Relative to 1919. 100.0 254.2 225.3 | 195.3 100.0 107.5 139.7 115.8 100.0 9S. 7 125. 7 97.1 100.0 60.2 132.1 67.3 100.0 115.9 141.9 128.9 100.0 82.8 109.8 103.2 100.0 112.2 173.7 132.1 100.0 83.6 107. 5 100.6 100.6 98.0 93.3 94.6 117.7 111.3 105. 0 98.7 57.4 59.9 48.8 60.2 84.7 83.8 87.3 93.8 75.6 79.6 74.6 81.2 100.6 93 2 87.8 84.7 86.8 87.5 87.9 92.8 2*0.3 278.8 214.7 204.5 104.0 110.3 111.9 113.8 May June Julv August 101.8 99.3 95. 7 101.2 88.3 79.4 70.3 63.7 62.5 61.4 58.8 49.2 100.3 111.9 120.9 131.5 82.8 83.4 83.2 83.0 93.2 95.9 96.5 105.2 92.5 89.5 84 4 80.9 378.0 259.3 152.3 240.8 115.5 111.7 107.4 101.7 September October.. November December 109.3 121.7 132.9 142.0 76.2 104.5 128.1 141.7 39.1 50.8 68.3 105.4 135. 5 146.0 146.6 149.2 81.5 82.8 89.0 97.3 125.6 137.9 158.1 167.4 73.3 70.5 73 9 82.5 2,83.2 255. 2 252.2 2.50.8 94.7 86.6 75 7 66.3 January February March April 147.4 151.7 152.2 146.8 142.4 140.7 135. 8 130. 7 138.4 136.0 142.6 146.4 149.3 149.6 150.3 145. 9 106.9 113.1 120.9 12.5.6 182.0 189.5 188.9 184.4 94 8 104.2 112.7 110.4 234.7 302.3 301.5 232.8 60.3 55.4 50.2 48.0 May June July.. August 143.1 142.1 136.4 130.3 124.0 113.4 99.6 92.1 144.2 145.3 146.1 132.7 141.9 147.9 147.4 146.8 122.7 117.1 111.9 109.2 181.5 181.2 171.3 164.8 107 7 111.1 111.5 111.9 245.2 247.2 247.8 192.7 46.8 44.7 41.8 40.3 September October November December 131.0 132. 4 130. 9 132. 9 111.9 131. 5 143.2 143.1 124.6 108.6 106.3 114.0 137. 2 132.6 124.2 130.3 102.6 95.8 95.1 96.4 166.2 162.5 162 6 150.1 108 2 101 1 104 8 112 0 187.5 197.0 146 2 170.5 41 43 43 42 129.6 126.6 125.4 117.2 129.6 119.7 109.4 96.3 120.7 113.7 112.2 92.6 136.3 137.8 133.2 127.3 98.3 101.4 105.5 105.1 142.5 136.2 125.7 124.0 107 9 110.0 117 8 111.5 145 7 149.3 ! 2-56.3 225.3 41 2 41.1 47 2 57.6 May... June July August 106.1 104.0 103.0 99.6 82.0 67.7 53! 1 69.4 64.3 50.9 33.1 117.2 120.2 121.7 123.8 122.0 122.3 121.8 121.6 63.0 65 6 65.8 66.9 106.4 122.9 124.1 125.3 88.3 117.7 122.0 123.6 31.3 32.6 39.0 48.1 125.7 135. 7 134.9 132.8 133.0 145 9 149.8 140.3 104.1 98 8 94.1 92.8 88.5 90 8 94.2 97.9 162.2 182 0 263.0 203.5 September October Novembrr December 108.9 113.8 112.1 109.8 103.0 97.6 91.8 91.1 97.8 203 8 194.7 259.5 72.1 71 8 71.3 74.9 119.3 110.5 110.2 112.7 99.4 90.9 57.2 57.9 51.2 12a 5 123.5 119.6 92.7 93.4 92.4 129.0 125. 8 119.2 102.0 102.2 101.7 235.0 144.7 276.0 84.5 93.2 100.5 1919 monthly average 1920 monthly average 1921 monthly avera?o 1922 monthly average January February March April .. 1920. 1921. January February. •March April 1922. 1923. January.. February. March 100.0 46.5 61.6 0 7 9 1 23 INDEX NUMBERS OF PRODUCTION AND MARKETING. In recent numbers of the Survey there have been published detailed discussions of certain index numbers of production and 'marketing dealing particularly with raw materials. The following tables give the recent figures for each of these index numbers, compared with the corresponding months of 1922. The methods of compiling these indices and the weighting factors used are discussed in detail in the issues of the Survey referred to. INDEX OF FORESTRY PRODUCTION.1 (Relative production 1919=100.) 1928 1922 Jan. 110.3 102.6 115.6 101.3 46.6 109.1 142.9 57.8 94.6 67.4 98.8 92.2 61.6 84.3 »58.2 115.0 108.3 79.8 113.3 51.7 109.4 128.3 65.7 112.1 Distilled wood Grand total 87.8 Total 75.2 69 0 96 7 61.8 86 4 75.8 123.7 101.9 Wool Cattle and calves Hogs Sheep... Eggs Poultry Fish Milk 102.7 139.8 175.1 80.9 119.6 88.8 100.4 94.4 a 107. 8 97.6 123.8 109.7 53.6 83.7 90.4 184.3 148.5 98.4 98.2 150.7 63.9 123.1 64.3 85.7 Pulp wood Feb. 124.6 32.3 109.5 95.5 38.9 68.7 76.2 47.9 71.6 ,--- 99.3 98.1 106.9 200 180 102.5 118.7 113.4 95.4 113.6 61.1 79.0 91.3 64.7 163.9 66.6 107.3 117.9 44.1 88.9 133.9 66.9 40.9 370.9 54.8 115.0 37.7 91.4 142.0 72.2 71.8 220.8 45.4 115.9 33.6 69.5 120.1 60.3 80.3 119.3 67.1 106.9 52.4 73.2 131.8 63.1 178.8 86.6 89.4 122.5 Feb. Mar. 1923 1922 Feb. Mar. Dec. Jan. Feb. Mar. 96.3 77.8 141.3 114.5 73.4 389 0 72.1 93 0 30.4 39.8 162.9 207.0 64.2 79.6 42.5 81.6 213.6 249.9 143.9 108.8 54.4 178.6 208.8 250.5 119.4 117.5 48.7 179.9 156.3 208.6 68.6 83.2 33.0 119.1 64.4 174.9 69.1 96.4 43.9 64.9 64.9 Total grains 151.6 104.9 168.2 152.2 103.8 96.5 90.4 133.5 44.3 58 7 145 8 259.0 148.2 133.9 216.5 41.6 200.9 327.7 77.2 176.6 5.4 87.7 113.9 399.8 109.8 179.6 11.4 109.7 136.4 351.8 91.7 145.3 74.9 80.3 104.8 340.4 152.7 149.4 187.8 81.2 123.7 466.9 93.6 154.3 85.8 112.0 98.6 157.6 Grand total Corn Wheat Oats. Barley Rye Rice . . . . Total vegetables f\ Jan. Potatoes (white) Sweet potatoes... Tomatoes Onions Cabbage Celery (Average monthly marketings 1919=100.) 68.9 1919 / VVER/ GE 43.2 121.1 120.2 92.1 77.4 128.5 180.2 198.3 0.4 13.1 204.6 0.1 183.7 8.1 12.4 178.9 05 Apples Peaches Citrus fruit Grapes... Pears.. Watermelons Cantaloupes Strawberries 4.3 15.6 36.4 10.8 61.6 74.8 57.5 61.0 90.8 93.7 81.3 82.3 45.5 38.5 51.1 18.5 143.7 107.0 83.0 60.5 39.0 37.2 16.3 44.5 46.3 138.3 79.7 38.7 . 60.6 91.0 35.7 35.5 56.9 23.9 49.8 11.1 71.4 85.9 155.1 562.0 69.1 69.9 79.9 415.7 57.2 42.6 39.6 18.5 Total miscellaneous * 74.2 35.6 118.1 95.3 45.9 Totalfruits "1920 60 Dec. (Relative production 1919-100.) I N D E X NUMBERS OP MARKETINGS OF ANIMAL PRODUCTS. z Mar. I N D E X OF C R O P MARKETINGS.1 i For complete table and discussion, see August, 1922 (No. 12), issue of the Survey. > Revised. x 1923 1922 Mar. Feb. Dec. 97.5 Total lumber. .. (Relative marketings 1919=100.) i For complete table and discussion, see June, 1922 (No. 10), issue of the Survey. Mar. Feb. Western and sugar pine and white fir Douglas fir Redwood . Hemlock Maple, birch, and beech INDEX OF MARKETINGS OF ANIMAL PRODUCTS.1 / Cotton. Cotton seed Total cotton products— Hay... Tobacco . Flaxseed Cane sugar DC < < < o o O z 1 69.1 50.7 8.9 For complete table and discussion, see July, 1922 (No. 11), issue of the Survey. 24 INDEX NUMBERS OF MANUFACTURING PRODUCTION.1 I N D E X OF M I N E R A L P R O D U C T I O N . 1 (Relative production 1919=100.) 1922 1922 Feb. 1923 Mar. Dec. Jan. Feb. Mar. Feb. 116.2 119.7 2 124.3 106.5 125.8 147.9 131.5 119.3 153.5 110.4 75.2 173.0 122.6 121.2 58.1 113.0 70.1 71.7 88.6 159 0 121.7 114.8 0.3 97.6 132.2 215.8 84.2 107.0 163.2 131.3 118.7 34.9 113.5 59.6 67.6 82.1 2 104.8 2 95.7 2 137.0 2 126.2 122.9 112.6 70 5 73.4 109.9 100.1 114.0 146.9 129.3 65.5 129.4 96.5 117.3 120.3 2 125.2 126.4 106.9 1 For complete table and discussion, see September, 1922 (No. 13), issue of the Survey. 8 Revised. I N D E X OF M I N E R A L PRODUCTION.1 1923 Dec. Jan. Feb. Mar. 99.1 120.8 129.9 132.9 114.4 134.7 258.0 141.3 121.7 284.7 141.1 121.0 267.8 118.7 76.7 310.5 131.8 123.6 65.2 124.5 112.1 45.5 82.9 277.4 130.8 117.1 0.3 109.5 145.7 344.8 53.4 100.1 128.1 136.9 39.1 125.2 95.2 42.9 76.8 Total, excluding lead, gold, and silver 103.9 2 117.5 107.3 150.9 2 139.0 196.3 179.9 44.7 46.6 93.7 102.8 140.9 120.2 127.8 161.9 206.6 41.6 121.1 S 142.5 2 2 107.3 85.0 105.4 2 50.0 2 80.6 « 43.3 2 32.0 104.0 2 61.0 91.8 2 2 2 93.9 87.1 164.6 65.7 107.2 67.6 61.7 123.5 52.0 195.9 124.6 99.6 69.9 2 45.1 2 89.8 2 42.7 2 34.7 84.2 68.5 153.7 128.2 91.4 77.2 2 45.0 2 95.0 2 45.0 2 35.0 107.7 «66.3 166.0 86.3 95.3 95.8 116.8 105.4 131.2 107.0 126.8 123.7 137.6 114.9 125.8 126.3 135.4 103.2 114.5 114.0 128.6 118.8 129.5 64.0 71.0 19.7 79.8 96.5 17.5 121.1 113.2 94.2 126.7 132.4 102.7 117.5 118.8 92.8 138.2 138.5 126.5 67.2 89.8 113.1 130.0 117.2 140.4 88.8 131.9 100.4 146.9 94.4 184.3 •107.8 206.5 97.6 177.5 123.8 221.3 Total 96.5 108.7 110.4 3 125.3 111.9 141.2 78.1 90.4 78.5 107.8 76.0 101.1 88.2 110.9 77.2 109.8 TEXTILES: Cotton (consumption) Wool (consumption) Total LEATHER: Sole leather Boots and shoes Total PAPER AND PRINTING: Wood pulp Paper Printing (paper purchases). Consumption by printers, newspaper printing Total CHEMICALS, ETC.: 1 For complete table and discussion, see May, 1922 (No. 9), issue of the Survey. 2 Revised. INDEX NUMBERS OF MINERAL PRODUCTION. Coke Petroleum products Cottonseed oil.... Turpentine and rosin Total (Average monthly production 1919=100.) S T O N E , CLAY, AND GLASS: Brick Glass bottles Cement 200 180 Total 2 99.0 2 100.6 89.7 126.7 112.2 2 98.8 157.0 2 72.2 2 95.7 2 60.0 2 46.2 115.8 2 69.9 107.0 102.5 85.6 96.4 91.3 102.1 3 97.1 90.5 124.7 151.5 86.3 97.3 109.5 111.5 115.1 123.2 96.5 117.7 144.7 111.6 128.8 136.4 99.1 119.1 127.0 111.2 " 128.9 • 2 138.2 105.5 119.3 128.3 123.5 116.2 134.1 103.9 119.1 128.9 146.0 118.5 2132.7 63.7 113.4 76.1 51.0 77.9 127.8 61.1 57.2 116.7 152.2 117.9 208.8 2 124.3 155.4 121.9 3 101.8 116.6 140.4 84.3 66.6 135.9 153.0 52.2 67.4 96.0 105.9 149.5 142.2 124.0 131.0 58.4 ' 81.0 63.9 85.4 67.0 99.9 102.3 73.0 129.6 111.3 80.0 115.1 93.7 3 82.0 120.8 96.6 79.0 147.7 68.9 81.7 97.4 99.8 3 95.8 102.4 3 METALS, EXCEPT IRON AND STEEL: 160 Copper smelting and refining Zinc smelting and refining.. Enamel ware Lead / 1919 > VVER/ • < * • *** 46.1 58.9 142.2 113.5 Total metals, except iron and steel 140 29.0 2107.6 69.4 112.0 178.7 196.9 113.0 i 132.2 2 105.2 2 106.7 121.1 111.0 212.2 189.9 137.0 126.2 2 120.4 127.4 225.5 146.9 93.9 115.4 146.7 3154.0 2 142.8 2 166.5 91.8 75.9 70.6 107.9 89.8 82.1 74.5 95.2 80.1 104.9 94.9 120.9 92.2 86.1 104.4 103.1 63.5 113.9 76.9 90.3 85.4 106.8 94.3 90.5 10.9 74.4 85.7 1.8 105.0 124.3 12.3 137.6 133.8 4.1 3147.7 158.7 6.1 167.6 158.9 7.1 214.6 193.1 53.1 70.6 89.1 95.9 104.1 130.5 TOBACCO: Manufactured tobacco and snuff... Cigars Cigarettes ••MM on 80 \ 60 Total 40 MISCELLANEOUS: 20 Shipbuilding A utomobiles Rubber tires Total I 109.3 89.3 83.2 127.8 49.0 90.9 50.7 51.8 109.9 47.6 166.8 Meats .. ... Wheat flour Sugar meltings... Ice cream Butter Cheese Condensed milk. . Glucose and starch Oleomargarine (production) Rice i. LUMBER: 225.8 115.3 93.9 Total.. Petroleum.. Bituminous coal Anthracite coal Iron ore Copper Lead Zinc Gold Silver 2 2118.6 Total Mar. Mar. 107.9 Pig iron Steel ingots Locomotives (Relative production 1909-1913= 100.) Feb. Feb. 96.7 I R O N AND STEEL: 1922 Jan. 82.1 Total index FOODSTUFFS: Total Total, excluding lead, gold, and silver Dec. Lumber Flooring 96.1 129.4 107.3 92.1 Total production Petroleum. Bituminous coal Anthracite coal Iron ore Copper ... Lead Zinc... Gold Silver Mar. 1923 5 \ in D > _J D O > o z 1 For 2 complete table and discussion, see January, 1923 (No. 17), issue of the Survey. Subject to revision; partly estimated. 3 Revised. TREND OP BUSINESS MOVEMENTS. The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. The numerical data for the latest months are given and in addition index numbers for the last four months and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered to make clear such distinctions and in general to facilitate the use of the table: February, 192S.—This column gives the February figures corresponding to those for March shown in the next column—in other words, cover the previous month, and in some cases, where indicated by a footnote, refer to the previous quarter; that is, ending December 31, 1922. March, 1928.—In this column are given the figures covering the month of March, or, as in the case of stocks, etc., the situation on March 31 or April 1. In a few cases (usually where returns are reported quarterly only) the figures are for the quarter ending March 31 or the condition on that date. Where this column is left blank, nofiguresfor March were available at the time of going to press (May 7). Corresponding month, February, 1922, or March, 1922.—Thefiguresin this column present the situation exactly a year previous to those in the "March, 1923," column (that is, generally March, 1922), but where no figures are available for March, 1923, the February, 1922,figureshave been inserted in this column for comparison with the February, 1923, figures. In the case of quarterly figures, this column shows the corresponding quarter of 1922. Cumulative total through latest month.—-These columns set forth, for those items that can properly be cumulated, the cumulative total for the first three months of the calendar years 1922 and 1923, respectively, except where the March, 1923,figuresare lacking, in which case the cumulative total for two months in each year is given. Percentage increase (+) or decrease (—) cumulative, 1923 from 1922.—This column shows the per cent by which the cumulated total for the three months ending March, 1923, is greater (+) or less (—) than the total for the corresponding period ending March, 1922. Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period stated in this column. Wherever possible, the year 1913 is taken as a base, and if no pre-war figures are available, 1919 is usually taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921 and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen. Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase (+) or decrease (—) March from February.—The last column shows the per cent increase or decrease of the figure for the last month compared with the preceding month. NOTE.—Because of the confusion resulting from the new tariff schedules, the Bureau of Customs Statistics, Treasury Department, has not been able to compile the import figures for either February or March. All import figures are therefore omitted from this table. January imports are given on page 19. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. March, 1923. Corresponding month, February or March, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 184,123 Percentage increase (+) or decrease (-) cumulative 1923 from 1922. I N D E X NUMBERS. 1923 1922 BASE YEAR OR Percentage increase (+ J PERIOD. Feb. Mar. Dec. Jan. Feb. Mar. or decrease Mar. from Feb. TEXTILES. Wool. Consumption by textile mills, grease equivalent thous of lbs 57,916 Receipts at Boston: Domestic thous. of lbs.. 5,990 Foreign thous. of lbs.. 40,885 Total thous. of lbs.. 46,875 Stocks (reported quarterly), grease equiv.: Total thous. of lbs.. t518,844 Held by manufacturers thous. of lbs.. t302,160 Held by dealers . . thous. of lbs. t216,683 Machinery activity: Looms, wide per ct. of hours active.. 79.7 Looms, narrow per ct. of hours active.. 74.3 Looms, carpet and rug.. .per ct. of hours active.. 81.9 Sets of cards per ct. of hours active.. 95.0 Combs per ct. of hours, act v e . . 93.3 Spinning spindlesWoolen per ct. of hours active.. 94.6 Worsted per ct. of hours active.. 95.8 1 62,859 60,368 166,422 9,337 55,200 64,537 10,899 29,047 39,946 38,131 53,947 92,078 501,134 288,200 213,141 + 10.6 1921 122 137 132 144 131 142 + 8.5 22,050 - 4 2 . 2 135,151 + 150.5 157, 201 + 70.7 1913 1913 1913 99 224 135 81 550 213 58 659 227 50 740 244 44 69 775 1,046 250 344 +55.9 +35.0 +37.7 -3.4 95 157 ! -4.6 62 ! -1.6 98 i 1920 i 1920 i 1920 164 63 92.9 85.7 63.1 63.5 1921 1921 96 107 92 99 123 115 126 131 116 116 135 134 87.1 103.9 117.2 78.2 88.4 82.3 1921 1921 1921 150 118 109 152 124 92 162 132 116 168 133 116 160 133 105 170 + 6.3 145 + 9.0 132 ! +25.7 98.6 102.1 85.9 70.8 1921 1921 113 101 119 86 126 120 127 116 132 117 137 125 Average for last two quarters. t Previous quarter ending December 31. (25) + 16.4 + 15.5 + 3.8 + 6.7 26 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. CorrespondFebruary, 1923. March, 1928. month, February or March, 1922. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. or decrease cumulative 1922 1923 1923 from 1922. 1923 1992 BASE YEAR OR PERIOD. Feb. Mar. centage increase Dec. 'eb. Mar. irease Mar. from Feb. TEXTILES—Continued. Wool—Continued. Xiooms and spindles: Woolen spindles., per ct. of active to total.. Worsted spindles, per ct. of active to total.. Wide looms per ct. of active to total.. Narrow looms per ct. of active to total.. Carpet looms per ct. of active to total. Prices: Raw wool to producer, all grades dolls, per lb. Unwashed,fine Ohio,Boston.. dolls, perlb. Worsted yarn dolls, per lb. Wool dress goods dolls, per yd. Men's suitings dolls, per yd. 1913 1913 1913 1913 1913 87 .353 .52 1.750 .993 3.510 .373 .51 1.750 1.035 3.510 .250 .39 1.250 .815 2.835 566,924 623,105 519,761 2,022 2,804 2,734 66,229 359,657 2,035 2,378 2,335 53,219 318,210 1,557 3,752 3,593 59,957 461,484 156,811 1,275,834 224,763 1,151,303 +43.3 36,751 11,834 48.885 13,596 48,406 9,431 112,150 23,849 124,529 36,427 +11.0 +52.7 1913 1921 399,024 383,818 497,511 440,066 397,800 1,057,867 1,298,321 751,505 1,380,324 319,917 + 22.7 +83.7 35,308 8,449 227 35,501 9,531 255 31,873 7,779 211 +6.0 .277 .290 .487 .080 .126 .284 .307 .502 .082 .128 .160 .183 .353 .060 .096 626,400 501 837,000 9,900 2,568 688,500 559 865,800 10,800 2,168 36,231 44,615 8.771 33,515 39,436 8.624 2,994 3,470 437 689 433 1,516 + 3.5 + 3.3 + 3.6 0.0 + 2.4 1913 1913 1913 1913 1913 150 177 161 145 184 1913 108 1913 1913 1913 1913 1913 116 213 117 295 63 -15.2 -14.6 -19.6 -11.5 100 131 141 +33.0 + 14.9 1919 1919 45 104 72 1913 112 105 + 5.7 - 1.9 0.0 + 4.2 0.0 Cotton. •Consumption by textile mills Stocks, end of month: Mills thous. of bales. Warehouses thous. of bales. Visible supply thous. of bales. Imports, unmanufactured bales. Exports, unmanufactured bales. Manufactured goods: Cotton cloth exports thous. of sq. yds. Fabric consump. by tire mfrs. thous. of lbs. Fine cotton goods: Production pieces. Sales pieces. Machinery activity, spindlesActive thousands. Total activity mills, of hours. Activity per spindle hours. Prices: Raw cotton to producer dolls, per lb. Raw cotton, New York dolls, per lb. Cotton yarn dolls, per lb. Print cloth dolls, per yd. Sheeting dolls, per yd. 1,518,795 1,800,404 106,050 100,069 +18.5 118 + 9.9 + 0.6 +24.7 + 14.7 86 116 117 117 117 + 0.5 + 12.8 + 12.3 133 143 143 173 157 + + + + + 107 113 458 1,133 1,157 119 185 141 1 46 24 502 306 587 1913 1913 1913 1913 1913 2.5 5.9 3.1 2.5 1.6 +9.9 + U.6 +3.4 +9.1 -15.6 Knit Underwear. Production doz. Orders received thous. of doz. Shipments doz. Cancellations doz. Unfilled orders, end of month.. .thous. of doz. 668,700 1,932,300 1,950,300 2,048 2,228 463 648,900 1,976,400 2,552,500 36,900 11,700 43,200 1,535 + .09 +8.8 +29.1 + 17.1 1920 2 1920 2 1920 2 1920 2 1920 26,651 22,077 6.027 82,600 +26.4 3 1920 1920 1913 3,521 4,044 2,036 2,818 5,311 6,786 503 920 530 1,918 253 505 347 1,070 674 993 833 Silk. Consumption, raw Stocks, raw, end of month Prices, raw, Japanese, N. Y bales. bales. dolls, per lb. 104,426 124 56 180 195 203 225 149 43 166 24: -7.5 -U.6 -1.7 METALS. Iron and Steel. Production: Pig iron thous. of long tons. Steel ingots (prorated).thous. of long tons. Merchant pig iron: Production thous. of long tons. Sales thous. of long tons. Shipments thous. of long tons. Unfilled orders thous. of long tons. 2 Six months' average, July to December, inclusive. 9,745 + 83.5 11,378 + 67. 1,399 2,112 1,387 8 +107.6 +112.7 + 66 1913 1913 80 112 121 131 126 153 + 17.6 + 16.5 1914 1914 1914 1914 67 153 104 113 245 11 12" 152 127 95 + + + + Eleven months' average, February to December, inclusive. 15.1 33.5 22.4 26.5 27 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. March, 1923. Corresponding month, February or March, 1922. DATA. INDEX NUMBERS. Percentage increasei (+) CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 or decrease (-) cumulative 1923 from 1922. 1923 1923 1922 BASE YEAR OR PERIOD. Feb. Mar. Percentage increase (+) or decrease Mar. Dec. Jan. Feb. Mar. from Feb. METALS—Continued. Iron a n d Steel—Continued. Merchant pig iron—Continued. Stocks, merchant thous. of long t o n s . . 279 246 539 1914 Stocks, steel p l a n t s . . . thous. of long t o n s . . furnaces 73 65 181 1921 - 11.8 - 11.0 72 71 96 30 41 36 40 1920 1920 1920 1913 1922 56 70 47 49 80 72 90 61 78 124 104 107 103 54 152 181 133 46 74 136 150 127 48 Steel castings: Total bookings short tons.. 90,152 143,564 47,892 119,431 334,321 + 179.9 Railroad specialties short tons.. 39,845 76,409 23,791 62,450 164,133 + 162.8 170,188 i +198.7 short t o n s . . 50,307 67,155 24,101 56,981 E x p o r t s (comparable) Miscellaneous bookings thous. of long t o n s . . 109 135 178 432 349 - 19.2 E x p o r t s (total) thous. of long tons. . 135 166 210 507 425 - 16.2 217 j!+ 59.2 288 ||+ 91.8 + 33.5 59 + 23.9 98 ! + 23.0 Unfilled orders, U. S. Steel Corp., thous. of long t o n s . . 7,284 7,403 4,494 Foundry production, Ohio, .per ct. of normal.. 67.80 83.20 39.97 1913 1921 70 151 76 193 114 295 117 287 123 j 125 + 1.6 327 • 402 ! + 22.7 29.27 32.27 20.96 1913 130 131 171 180 183 10.2 1913 1913 1913 1913 1913 1913 1913 121 109 125 125 124 121 99 122 109 125 125 122 122 169 142 154 173 149 147 132 175 145 156 177 151 149 132 179 154 162 181 158 157 139 48 . 1920 1920 1920 1920 1920 1920 71 64 73 21 759 81 97 87 193 46 817 120 126 284 73 492 107 152 144 179 74 577 117 139 127 180 79 521 132 163 167 231 90 520 122 end of month Wholesale prices: Pig i r o n Foundry No. 2, Northern dolls, per long t o n . . Basic, Valley furnace... dolls, per long t o n . . 26.25 30.13 17.94 Steel billets, Bessmer. .dolls, per long t o n . . 39.63 44.38 28.00 Iron and steel dolls, per long t o n . . 42.61 47.01 32.97 Composite pig iron.. . .dolls, per long t o n . . 27.98 30.36 19.26 dolls, per 100 l b s . . 2.72 2.83 2.09 Composite finished steel.dolls. per 100 l b s . . 2.61 2.70 2.02 Structural steel beams... dolls, per 100 l b s . . 2.10 2.20 1.40 Composite steel F i n i s h e d Iron a n d Steel. Sheets, blue, black, and galvanized: Production short tons.. i 237,919 279,475 Shipments short t o n s . . 287,203 Sale short tons.. [ 253,197 325,526 Unfilled orders short t o n s . . j 547,897 619,823 217,808 166,247 149,407 272,357 314,617 45, 673 107, 970 374,813 448,336 777,914 + 107.5 753,348 + 121.9 85.4 831,212 359,522 654,586 + 82.1 1921 1921 2 1921 91 97 106 150 159 120 180 222 181 184 182 221 173 236 257 227 + 31.2 276 j+ 17.3 267 + 3.9 635,000 + 57.5 1913 1913 114 87 202 154 152 115 207 150 209 159 249 + 18.8 190 + 18.8 +357. 3 1913 1920 1920 14 36 4 13 32 4 176 18 75 197 13 68 178 12 92 + 36.2 245 + 37.2 15 18.2 1920 1920 1920 1913 18 19 15 138 25 29 17 114 120 1G8 22 221 135 190 21 128 168 239 18 74 175 248 24 405 1920 12 17 26 24 23 339,536 Unsold stocks short t o n s . . j 29,123 29,084 Total stocks short tons. J 148,360 136,347 Shipments barrels.. 193,992 254,573 Production p e r c t . of capacity.. 41.0 48.1 603, 774 627,143 168,476 27.7 281,794 200, 000 237,500 95 193,500 77 403,100 39 35 4 157 + + + + + - 16.5 31.9 28.6 13.1 99.9 81 . Steel barrels: Unfilled orders barrels.. Structural steel: ; Sales (prorated) Sales short t o n s . . p e r c t . of capacity.. Iron a n d Steel P r o d u c t s . Locomotives: j Shipments— j Total number.. 207 282 Domestic number.. ! 196 269 Foreign number.. 11 13 Unfilled orders— +693. 0 - 35.2 j Total number.. 2,220 2,316 Domestic number..! 2,141 2,214 Foreign .number.. Freight cars: Orders, domestic 79 102 number.. 7,800 42,500 330 255 75 12,000 63,690 + 43 . + 3.4 + 29.1 +444.9 Ship construction: Vessels under construction thous. of gross t o n s . . 270 197 New vessels completed thous. of gross tons.. 21 97 25 61 - 37.1 1919 1919 + 19.0 1919 Stokers: Sales number.. 131 123 s horsepower.. 66,769 69,180 116 69,716 272 399 46.7 139,536 219,219 + 57.1 a Six months' average, July to December, inclusive. 32 50 132 89 250 62 158 56 . 53 + 6 1 131 -3.6 28 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL NOTE.—Detailed tables covering all items are given in this number. Consult index a t end of bulletin. February, 1923. March, 1923. Corresponding month, February or March, 1922. DATA. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 Percentage1 increase (+) or decrease (-) cumulative 1923 from 1922. INDEX BASE YEAR OR PERIOD. NUMBERS. Percentage increase 1923 1922 or decrease Feb. Mar. j Dec.Jan. Mar. Feb. I Mar. from Feb. METALS—Continued. Iron and Steel Products—Continued. Steel furniture, shipments thous. of dolls.. 1,307 j 1,709 1,087 3,038 4,379 + 44.1 1919 107 i 120 152 188 150 + 30.8 Agricultural pumps: Shipments—Total thous. of dolls.. 384 Pitcher, hand, etc number.. 53,950 47, 626 Power pumps number.. 2, 676 2,107 number.. 254,593 470,717 84.9 value.. 238,690 445,994 + 86.9 Production thous. of l b s . . 102,641 122,194 62,305 125,569 337,176 1+168.5 1913 61 103 110 101 120 + 19.0 Exports thous. of lbs.. 49,751 64,394 80,853 186,845 189,762 |!+ 1.6 1913 115 71 107 71 91 + 29.4 Wholesale price, electrolytic, .dolls, per l b . . .155 .169 .127 1913 81 90 93 108 9.0 Tubular plumbing goods: Sales.. Sales Copper and Brass. Copper: Brass stopcocks: Orders received Orders shipped number of pieces.. number of pieces.. 645,314 481,740 ! Zinc. Production thous. of lbs.. 84,886 '. Stocks, end of month thous. of lbs.. 21,728 | Receipts, St. Louis thous. of l b s . . 11,096 53,064 20,0-12 ] 120, 524 35,306 20,187 Shipments, St. Louis thous. of l b s . . 14,171 22,506 24,313 . . .dolls, per l b . . .076 .082 .050 Price, slab, prime western 97,462 145,502 274,982 -|+ 89.0 169 + 14.8 45 4*1 27 25 - 7 . 8 « | 48 ! 40 128 + 218.7 50 79 + 58.8 130 141 92 1 148 1 1913 1913 158 148 50,299 58,268 i| + 15.8 1913 39 73 .; 63 84,688 50,233 ! - 40.7 1913 110 86 | 59 1913 83 I 86 ;! 127 125 j Tin. + 7.9 I Stocks, end of month long t o n s . . Wholesale price, pig tin dolls, per l b . . 4,067 3,086 1913 76 j 167 .489 .291 1913 68 I 11,792 14,828 20,232 51,336 40,558 I - 21.0 1913 212 5,402 7,939 7,325 22,626 20,163 | - 10.9 1913 78 84 .082 .085 .047 1913 107 17 0 20 2,054 .423 ! 182 ! 111 j 220 + 98.0 94 j 109 201 + 15.3 65 Lead. Receipts, St. Louis thous. of l b s . . Shipments, St. Louis thous. of l b s . . Wholesale price, pig, desilverized.dolls, per l b . . 369 ij 252 73 i 16 6 25 1 62 2 1 + 25.7 7 9 + 47.0 1 178 i 15 8 13 + 9 255 | 78 I 3.7 FUEL AND POWER. Coal and Coke. Production: Bituminous coal thous. of short t o n s . . 42,160 46,807 50,193 128,744 139,090 Anthracite coal thous. of short t o n s . . 7,273 8, 900 8, 757 21,777 25,386 8.0 1913 16 2 117 126 16 0 + 16.6 1913 15 1 26 11 1 114 12 0 44 53 53 10 117 + 1 . 117 + 22.4 62 + 18.0 202 29 8 293 25 6 307 + 15.9 13 3 4 145 + + Beehive coke thous. of short t o n s . . 1,482 1,749 732 1,777 4,709 + 165.0 1913 By-product coke thous. of short t o n s . . 2,810 3,256 2,137 5,835 9,166 + 57.1 1913 mills, of kw. h o u r s . . «4,324 4,711 3,821 11,093 13,789 + 24.3 18 1 142 147 114 1919 1921 107 thous. of long t o n s . . 133 15 2 5 4 Public-utility electric power Storage, anthracite 9.0 Exports: Bituminous thous. of long t o n s . . 806 1,220 1,187 2,645 3,118 + 17.9 1909-13 74 18 0 134 99 73 Anthracite thous. of long t o n s . . 330 400 295 794 1,086 + 36.8 1909-13 95 102 13 3 124 15 1 1 1 + 51.4 1 1 9 + 21.2 3 Coke thous. of long t o n s . . 71 25 87 247 + 183.9 1909-13 44 34 168 107 97 1 4 + 38.0 3 Wholesale prices: Bituminous— Kanawha, f. o. b . Cincinnati dolls, per short t o n . . 4.89 4.89 3.60 1913 164 164 268 256 222 222 Mine average dolls, per short t o n . . 3.59 3.17 2.12 1913 179 172 336 354 292 258 - 11.7 Anthracite, chestnut, .dolls, per long t o n . . 10.63 10.63 10.64 1913 200 200 200 200 200 200 00 . Coke, Connellsville.. .dolls, per short t o n . . 7.13 7.31 3.25 1913 125 13 3 287 338 292 300 + 2.5 10. 79 9.96 8.77 1913 177 182 225 228 224 207 - 7.7 14.90 14.13 13.14 1913 189 19 8 209 207 214 203 - 5 . 2 56,132 46,634 1913 197 225 242 249 234 2 1 + 15.9 7 1913 199 21 1 252 241 23 4 247 00 . Retail prices: Bituminous, Chicago.dolls, per short t o n . . Anthracite, chestnut, New York dolls, per short t o n . . Petroleum. Crude petroleum: Production thous. of b b l s . . 48,413 Stocks, end of month thous. of b b l s . . 255,385 * Revised '•> 258,738221,588 130,589 156,012 + 19.5 & Does notnclude stocks of topped oil held a t refineries; this omission reduced t h e January stocks by about 15,000,000 barrels. i + 13 . 29 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. March, 1923. Corresponding month, February or March, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. Percentage increase (+) 1922 1923 131,610 39,178 52,490 165,518 + 25.8 17,875 - 54.4 35,357 - 32.6 1923 1922 or decrease (-) cumulative 1923 from 1922. Percentage increase or decrease Feb. Mar. Dec. Jan. Feb. Mar. Mar. from Feb. FUEL AND POWER—Continued. Petroleum—Continued. Crude petroleum—Continued. Stocks, end of month Consumption Imports Shipments from Mexico Price, Kansas-Oklahoma.. Oil wells completed Gasoline: Production Exports Domestic consumption Stocks, end of month Kerosene oil: Production Stocks Gas and fuel oil: Production Stocks Lubricating oil: Production Stocks day's supply. thous. of bbls. thous. of bbls. thous. of bbls. .dolls, per bbl. number. 144 49,691 4,368 M0,175 1.725 1,094 568,652 thous. of gals. 66,968 thous. of gals. 373,564 thous. of gals. thous. of gals. 1,130,341 139 57,898 o, 840 13,222 1.850 1,248 146 47,095 14,004 17,274 2.250 1,323 3,617 3,550 - 1 . 9 1913 1913 1919 1913 1913 1913 128 182 814 781 241 72 126 216 944 800 241 83 123 262 520 567 134 75 121 266 517 554 145 76 124 228 294 471 185 69 1919 1919 1919 1919 121 124 92 171 143 172 133 181 177 154 152 187 189 191 155 212 172 218 130 239 1919 1919 86 110 92 107 116 94 109 92 92 91 398,223 52,814 262,926 807,379 842,846 140,840 545,643 180,375 272,763 167,220 331,423 340,137 thous. of gals. 902,563 thous. of gals. 1,276,876 761,085 1,321,589 1,619,196 1,891,939 4- 16.8 1919 1919 120 172 134 162 153 169 156 164 69,123 253,568 143,437 164,576 + 14.7 1919 1919 98 157 104 147 127 146 123 149 + + + + + 3.5 16.5 33.7 29.9 7.2 14.1 223 + 2.3 142 166 77,498 238,859 120 265 394 612 198 78 110 148 thous. of gals. thous. of gals. thous. of gals. thous. of gals. 68,506 1,192,475 + 41.5 194,615 + 38.2 816,692 + 49.7 392,822 15.5 PAPER AND PRINTING. Wood Pulp. Mechanical: Production Consumption and shipment.. Stocks, end of month Chemical: Production Consumption and shipment.. Stocks, end of month short tons. .short tons. short tons. 103,534 111,599 58,032 124,175 120,386 60,163 143,596 129,931 139,390 351,513 335,203 358,006 + 362,578 + 18 . 82 . 1919 1919 1919 82 81 82 119 108 90 89 100 43 108 108 43 86 92 38 103 + 19.9 100 + 7.9 39 4- 3.7 short tons. .short tons. short tons. 175,923 175,724 50,840 189,602 187,298 51,670 170,995 167,112 56,867 473,309 463,285 550,062 4- 11.6 543,826 + 17.4 1919 1919 1919 90 89 99 106 104 106 105 104 87 114 113 94 109 110 95 118 + 7.8 117 + 6.6 96 + 1 6 . 114,611 114,415 1,194 129,294 132,292 1,989 117,507 117,142 2,791 321,101 316,855 6,164 371,357 + 15.7 370,363 -I- 16.9 4,247 - 31.9 1919 1919 1913 85 84 23 103 102 78 104 104 57 111 108 30 100 100 33 113 + 12.8 115 4- 15.6 55 4- 66.6 257,855 23,197 7,800 171,807 55,051 165,148 245,841 20,199 7,688 163,586 54,368 190,547 228,994 28,180 5,910 167,498 27,406 169,574 531,247 + 11.7 1919 1919 1919 1919 1919 1919 102 116 68 112 66 105 100 118 68 108 67 119 104 80 94 107 110 128 111 96 89 111 124 124 113 97 90 111 134 116 107 84 89 105 133 134 3.717 3.785 3.800 3.770 3.748 3.840 3.615 3.482 3.601 1919 1919 1919 98 95 83 97 95 84 97 96 90 101 102 88 100 104 89 101 4- 1.4 103 - 1.0 90 + 1.1 short tons. short tons. 89,265 38,043 96,087 31,480 77,889 38,367 220,763 282,670 + 28.0 1919 1919 91 124 102 121 116 114 128 123 117 120 126 4- 7.6 - 17.3 short tons. short tons. 198,031 62,901 153,704 63,908 298,902 407,504 36.3 1919 1919 95 118 118 132 114 106 129 106 122 116 short tons. short tons. 77,813 48,421 86,776 43,213 70,141 64,931 197,967 247,292 + 25.0 1919 1919 107 108 121 119 129 118 143 88 135 89 150 + 11.5 79 - 10.8 short tons. short tons. 32,377 39,772 35,144 36,978 29,346 35,123 83,414 102,467 1919 1919 93 97 102 95 108 100 122 105 113 108 123 + 100 - Newsprint Paper. Production short tons. Shipments short tons. Exports short tons. Stocks, end of month: Total short tons. At mills short tons. Jobbers short tons. Publishers .short tons. In transit to publishers short tons. Consumption short tons. Prices: Contract, domestic dolls, per 100 lbs. Contract, Canadian dolls, per 100 lbs. Spot market, domestic, .dolls, per 100 lbs. Other Paper. Book: Production Stocks Paperboard: Production Stocks Wrapping; Production Stocks Fine: Production Stocks 475,769 * Revised. 22.8 - 4.7 - 12.9 - 1.4 - 4.8 - 1.2 + 15.4 8.5 7.0 30 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. Febru- March, 1923. Corresponding month, February or March, 1922. DATA. CUMULATIVE TOTAL THROUGH LATEST MONTH. Percentage increase (+) or decrease (-) cumulative 1923 from 1922. 1922 1923 501,817 274,738 3,665 1,008,012 1,278,917 + 26.9 8,599 7,621 - 11.4 102,893 38,015 57 273,358 461,069 52,542 36,151 75 58,833 16,670 78 155,286 175,250 55.5 70.1 INDEX BASE YEAR OR PERIOD. NUMBERS. Percentage increase 1922 (+ J or decrease (-) Mar. from Feb. Feb. Mar. Dec. Jan. Feb. 97 115 10 115 121 23 118 108 23 129 106 13 119 110 15 96 136 144 137 151 + 10.7 . . . 1+ 16.9 . . . ! i + 10.7 112 129 103 112 ! + 8.4 | j - 28.9 4.0 Mar. PAPER AND PRINTING—Continued. Other Paper—Continued. Total, all grades (including newsprint): Production Stocks Exports (total printing) short tons.. 614,364 short tons.. 262,734 short tons.. | 2,384 P a p e r Boxes. 20 + 33.4 j Corrugated board: Production (Container Club) thous. of sq. f t . . Production (Nat'l Ass'n).. thous. of sq. f t . . Machinery activity per cent of normal.. Solid fiber board: Production (Container Club) thous. of sq. f t . . Production (Nat'l Ass'n). .thous. of sq. f t . . Machinery activity per cent of normal.. Folding boxes: Production New orders 3,181 1919 1919 1919 per cent of capacity.. per cent of capacity.. Other Paper P r o d u c t s . Labels: New orders per cent of capacity.. Rope paper sacks: Shipments index n u m b e r . . Abrasive paper a n d cloth: Domestic sales reams.. Foreign sales reams.. 146,006 142,174 75 161, 166, 2 1919 118 143 146 148 117 143 145 121 121 146 61.6 1921 139 207 190 223 208 91 111 91 105 130 + 23.8 1919 1919 87 60 110 82 136 139 129 113 154 ;|+ 19.5 126 | + 12.0 Sept.220 1918 1918 1918 104, 11 1921 1921 «1921 87,804 10,352 100 54.3 68.5 92.0 1919 85 104 91 133 91 116 103 175 88 137 129 160 97 129 121 166 94 120 119 147 74,634 7,506 191,181 18,488 285,521 30,901 12.9 + 49.3 + 67.1 Printing. Activity, weighted Paper purchases, q u a n t i t i e s . . Paper purchases, value Sales.. .* index .index index index number. number. number. number. RUBBER. Crude: Consumption by tire mfrs.. .thous. of l b s . . Wholesale price, Para. N. Y .dolls, per l b . . Tires: ProductionPneumatic thousands.. Solid thousands.. Inner tubes thousands.. Domestic s h i p m e n t s Pneumatic thousands.. Solid thousands.. Inner tubes thousands.. Stocks, end of m o n t h Pneumatic thousands.. Solid thousands.. Inner tubes thousands.. 34,235 . 307 ,594 .290 20,771 .161 66,419 110,016 + 65.6 1921 1913 103 20 149 20 161 28 191 34 191 38 232 j+ 21.5 36 - 5.5 3,218 75 4,039 1,866 80 r,875 2,040 49 3,018 6,785 129 7,958 10,211 239 12,867 + 50.5 + 85.3 61.7 1921 1921 1921 115 112 115 140 140 134 140 218 11 5 172 230 175 177 213 179 213 I + 20.1 226 + 6.7 216 + 20.7 2,589 03 3,002 1,323 77 1,828 2,074 48 2,091 5,233 118 5,683 8,906 + 70.2 201 + 70.3 10,579 + 86.2 1921 1921 1921 82 84 74 109 110 91 154 147 107 157 138 164 136 144 131 174 + 20.7 175 + 22.2 167 + 27.5 5,224 .270 0,772 i,671 266 ',741 5,183 182 0,991 1921 1921 1921 111 79 134 123 79 153 109 100 125 111 114 128 124 117 148 135 + 8.5 1.3 115 + 14.6 111 75 150 70 162 73 184 83 231 + 25.0 131 + 58.6 133 43 12 129 70 28 168 77 15 171 109 19 209 + 21.1 149 + 33.8 40 + 21.2 AUTOMOBILES. Production: 318, Passenger cars n u m b e r . . 4 254,050 34, Trucks n u m b e r . . 4 21,815 Shipments: 36,147 43,774 By railroad carloads. 43,000 58,320 Driveways number of machines. 882 1,900 By boat number of machines. ' S i x m o n t h s ' average, J u l y t o December, inclusive 152,959 19,701 343,823 42,372 27,753 16,917 560 02,746 34,509 883 * Revised. 790,780 75,785 + 131.7 + 78.9 1919 1919 115,149 + 83.5 131,947 +281. 7 3,510 +297.5 1920 1920 1920 94 •Twelve months' average, July. 1921, to June, 1922. 31 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE .--Detailed tables covering all items are given in this number. Consult index at end of bulletin. Februsry, 1923. March, 1923. Corresponding month, February or March, CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 1922. Percentage increase (+) or decrease cumulative 1923 from 1922. INDEX NUMBERS. 1923 1922 BASE YEAR OR PERIOD. Feb. Mar. Percentage increase or decrease Mar. Dec. Jan. Feb. Mar. from Feb. AUTOMOBILES—Continued. Internal-revenue taxes collected on: Passenger automobiles and motorcvcles - .thous. of dolls.. Automobile trucks and wagons thous. of dolls.. Automobile accessories and parts thous. of dolls.. + 37.1 5,887 8,070 3,845 9,018 21,689 +140.5 1920 37 55 73 Ill 84 116 710 725 487 1,341 2,334 + 66.6 1920 31 39 61 63 56 67 + 3,476 3,378 2,674 6,810 10,097 + 48.3 1920 56 63 72 76 82 79 - 2 . 8 1919 81 67 73 80 82 79 - 3 . 7 i 1921 7 1921 7 1921 99 121 117 135 156 165 134 142 146 188 154 151 143 117 128 111 155 152 — 7.1 1.9 1913 1919 233 259 327 64 351 93 + 25.1 42 334 76 439 45 number.. number. number.. 1913 1913 1913 169 169 173 192 195 199 197 198 201 165 198 192 205 209 209 214 + 5.6 + 4.0 + 4.4 number.. 1914 152 152 192 197 197 204 + 1913 100 202 111 126 105 195 + 85.7 68 19 82 121 97 33 151 62 64 35 122 76 40 112 -7.2 584 - 8 . 9 1919 1919 1919 1919 1919 1919 2.1 GLASS AND OPTICAL GOODS. Bottles production .index number.. Illuminating glassware: Net orders per ct. of capacity.. Actual production per ct. of capacity.. Shipments billed per ct. of capacity.. Spectacle frames and mountings: Sales (shipments) index number. Unfilled orders (value) .index number 68.9 55.7 55.2 55.6 51.9 54.2 42.9 46.3 39.8 92 - - 19.7 1.1 BUILDING AND CONSTRUCTION. Building Costs. Building materials: Frame house index Brick house index Building costs index Concrete factory costs (1st of following month) index 174 162 3.6 Construction and Losses. Building volume index number.. Contracts awarded, floor space: Business buildings thous. ofsq. ft.. Industrial buildings thous. of sq. ft.. Residential buildings thous. ofsq. ft.. Educational buildings thous. of sq. ft.. Hospitals and institutions.thous. ofsq. ft.. Public buildings thous. of sq. f t.. Social and recreational buildings thous. ofsq. ft.. Religious and memorial buildings thous. ofsq. ft.. Grand total thous. of sq. ft.. Contracts awarded, value: Business buildings thous. of dolls.. Industrial buildings .thous. of dolls.. Residential buildings thous. of dolls.. Educational buildings thous. of dolls.. Hospitals and institutions .thous. of dolls.. Public buildings thous. of dolls.. Public works and utilities.thous. of dolls.. Social and recreational buildings thous. of dolls.. Religious and memorial buildings thous. of dolls.. Grand total thous. of dolls.. Fire losses thous. of dolls.. 7,044 5,096 22,668 3,992 692 110 1,354 22,800 17,179 86,540 10,237 2,344 9,886 7,673 39,286 4,092 1,172 8,953 4,165 30,348 5,071 804 20,028 9,615 64,921 9,397 2,526 274 377 641 1,643 1,362 3,063 3,811 + 24.4 + 13.8 + 78.7 + 33.3 + 89 116 188 64 + 40.3 + 50.7 + 73.7 214 + 2.5 318 + 69.4 159 + 149.1 64 107 130 84 89 83 83 143 89 201 + 40.9 139 + 56.0 92 64 143 222 152 71 130 87 232 226 180 133 102 265 33 124 122 53 218 219 116 113 1919 62 108 26 77 45 170 143 105 171 92 51 270 633 892 795 41,611 64,920 51,957 1,879 112,279 1,920 + 2.2 145,478 + 29.6 1919 1919 142 64 179 111 30,999 27,518 101,040 22,108 4,949 49,758 24,270 121,551 25,575 5,212 1,902 51,997 112,694 54,698 273,007 50,752 18,330 3,549 91,925 106,050 86,496 377,037 58,564 13,673 3,837 98,700 1919 1919 1919 1919 1919 1919 1919 116 25 107 132 237 63 51 147 57 172 30,185 44,076 37,034 164,267 22,550 5,869 1,486 42,586 8,693 9,272 8,228 18,525 1919 57 118 3,345 229,938 42,771 6,170 333,518 41,160 4,880 293,637 39,911 13,129 637,430 107,878 12,211 - 7.0 780,789 + 22.5 | 120,546 + n.7 ;' 1919 1919 1919 156 83 131 156 137 178 100 212. 1,197,849 1,343,650 + 12.2 i 1917 1917 88 88 101 95 88 1913 189 178 794 - 5.9 ; + 58.1 + 38.1 + 15.4 -25.4 + 8.1 I + 7.4 j 23,587 + 27.3 2 157 160 170 124 112 130 158 140 87 208 107 60 195 + 21.3 + + + + + + + 42.2 34.6 62.6 2.0 18.6 87.2 41.1 6.7 59 139 62 35 81 125 133 + 84 86 101 163 107 107 197 109 84 94 82 114 89 81 + 20.2 — 1.0 216 220 221 230 + 4.2 72 191 155 184 + 84.5 + 45.0 - 3.8 Lumber. Southern pine: 428,103 Production (computed) M ft. b. m.. 400,113 480,966 Stocks pnd of mo fcomouted^ M ft b m 1,118,834 1,107,612 1,208,089 Price, "B r " 52.95 40.96 50.80 and better dolls, per M ft. b. m.. 2 Six months' average, July to December, inclusive. i*J b V / \ ^ J V O , v l i U V/A AJLL\J* ^V/VSJ-U L*/l-fcl/V'v*y . It! A V . K* • i l l . . 7 Twelve months' average, May, 1931, to April, 1922. 32 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. March, 1923. CUMULATIVE TOTAL Corresponding month, February or March, 1922. THROUGH LATEST MONTH. 1922 INDEX NUMBERS. Percentage increase 1923 Percentage increase (+) or decrease (-) cumulative 1922 BASE YEAE OR 1923 or decrease PERIOD. 1923 from 1922. Feb. Mar. Dec. Jan. Feb. Mar. Mar. from Feb. BUILDING AND CONSTRUCTIONContinued, Lumber—Continued. Douglas fir: Production (computed) M ft. b. m. 403,561 Shipments (computed) M ft. b. m. 480,289 Price, No. 1 common.dolls per M. ft. b. m. 19.50 California redwood: Prod uction (computed) M ft. b. m. 43,896 Shipments (computed) M ft. b. m. 52,740 Orders received (computed).. .M ft. b. m. 59,658 California white pine: Production M ft. b. m. 22,699 44,282 Shipments M ft. b. m. 367,597 Stocks M f t . b . m. Michigan softwood: Production M ft. b. m. 5,556 Shipments M ft. b. m. 5,839 Stocks, end of month M ft. b. m. 48,436 Michigan hardwood: 15,552 Production M ft. b. m. 13,600 Shipments M ft. b. m. 106,114 Stocks, end of month M ft. b. m. Western pine: Production (computed) M ft. b. m. < 59,148 Shipments (computed) M ft. b. m. <116,557 Stocks, end of mo. (computed).M ft. b. m. «766,391 North Carolina pine: Production (computed) M ft. b. m. 41,090 Shipments (computed) M ft. b. m. 48,930 Northern pine: Lumber— 33,702 Production M ft. b. m. 42,883 Shipments M ft. b. m. Lath9,671 Production M ft. b. m. 10,845 Shipments M ft. b. m. Northern hemlock: 22,320 Production M ft. b. m. 19,109 Shipments Mft. b. m. Northern hardwood: 43,938 Production M ft. b. m. 28,823 Shipments I -M ft. b. m. Exports: 132,544 Planks, scantling, joists M ft. b. m Composite lumber prices: 48.52 Hardwoods dolls, per M ft. b. m. 36.12 Softwoods dolls, per M ft. b. m. Flooring. Oak flooring: Production M ft. b. m. Shipments Mft. b. m. Orders booked M ft. b. m. Stocks, end of month M ft. b. m. Unfilled orders,end of month..M ft. b. m. Maple flooring: Production M ft. b. m. Shipments M ft. b. m. Orders booked M ft. b. m. Stocks, end of month M ft. b. m. Unfilled orders,end of month. .M ft. b. m. 1,156,342 1,343,501 + 16.2 1,045,319 1,573,551 + 50.5 1917 1917 1913 116 107 136 115 114 124 104 123 212 122 156 212 116 149 212 148 + 27.8 182 + 22.8 236 + 10.3 118,918 116,100 127,367 140,744 + 18.4 157,333 + 35.5 193,958 + 52.3 1918 1918 1918 87 131 135 130 156 169 84 188 179 99 150 235 117 185 208 160 + 36.3 216 + 17.2 233 + 12.1 7,290 30,327 314,258 36,935 78,507 90,259 + 144.4 153,540 + 95.6 1918 1918 1918 18 75 142 14 95 118 87 174 180 53 166 163 43 139 139 75 + 73.9 176 + 26.8 126 - 9.4 5,981 7,128 53,490 4,211 6,103 50,752 11,903 17,906 18,780 + 57.8 19,504 + 8.9 1917 1917 1917 18 34 51 24 34 48 35 57 43 42 37 44 32 33 46 35 + 7.6 40 + 22.1 50 + 10.4 14,365 16,961 102,477 11,478 9,173 123,330 39,161 28,701 48,046 + 22.7 47,761 + 66.4 1917 1917 1917 46 28 58 55 52 59 49 65 55 48 56 43 47 52 - 7.6 54 + 24.7 46 - 3.4 123,152 143,090 725,954 66,509 116,551 823,200 143,687 288,697 246,393 + 71.5 388,358 + 34.5 1917 1917 1920 38 81 103 61 106 93 64 99 101 59 117 94 54 106 87 113 + 108.2 130 + 22.8 - 5.3 61,460 68,110 52,290 50,050 145,670 123,410 143,500 - 1.5 160,160 + 29.8 1919 1919 149 128 153 156 134 144 120 134 120 152 180 + 49.6 212 + 39.2 38,714 52,720 34,783 34,295 75,925 88,304 107,152 + 41.1 145,331 + 64.6 1920 1920 86 99 84 86 96 + 14.9 105 + 22.9 10,607 17,741 9,018 9,061 20,230 19,686 29,303 + 44.8 36,665 + 86.2 1920 1920 94 135 101 171 111 + 9.7 271 + 59.0 28,334 28,432 20,290 21,051 54,291 46,849 42.3 77,268 69,076 + 47.4 1913 1913 71 59 59 52 75 + 26.9 78 48.8 49,070 40,512 38,698 31,675 93,757 76,575 135,011 + 44.0 107,106 + 39.9 1913 1913 128.773 159,869 434,517 392,089 - 9.8 1909-13 50.19 36.96 37.82 27.59 24,421 25,031 33,458 25,301 56,936 32,236 34,964 39,641 25,297 65,823 20,367 22,690 23,479 28,090 24,935 56,911 54,115 53,148 84,130 47.8 84,157 + 55.5 103,236 + 94.2 1919 1919 1919 1919 1919 259 274 263 321 288 305 378 385 312 344 352 408 392 236 564 412 402 494 283 695 366 417 548 281 785 483 + 32.0 582 + 39.7 649 + 18.5 281 0.0 + 15.6 11,333 11,354 16,033 25,539 40,200 12,344 15,329 18,321 23,161 42,434 9,232 10,611 12,323 34,187 14,905 29,530 27,091 27,479 37,606 + 27.3 39,952 + 7.5 58,835 + 114.1 1919 1919 1919 1919 1919 92 67 57 222 31 92 90 84 221 39 136 108 102 163 58 139 112 173 162 94 113 96 113 165 105 + 8.9 129 + 35.0 129 + 14.3 150 - 9.3 + 5.6 515,698 589,561 21.50 402,459 367,988 11.50 59,844 61,794 66,878 48,884 44,507 48,604 39,463 56,156 333,169 1921 1920 4 Revised. 125 71 107 145 148 149 155 114 173 + 11.7 160 + 40.6 90 65 73 74 72 - 2.8 92.2 93.1 109.0 115.4 116.2 120.2 + 3.4 56.2 55.6 69.3 70.8 72.8 74.5 + 2.3 33 TREND OF BUSINESS MOVEMENTS-€ontinued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1928. March, 1928. Corresponding month, February or March, 1922. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 or decrease (-) cumulative 1923 from 1922. 1923 1922 BASE YEAR OR PERIOD. Percentage increase or decrease Feb. Mar. Dec. Jan. Feb. Mar. from Feb. BUILDING AND CONSTRUCTION— Continued. Brick. Clay fire brick (computed): Production thousands. Shipments thousands. Stocks, end of month.. thousands. New orders thousands. Unfilled orders thousands. Silica brick (computed): Production thousands. Shipments thousands. Stocks, end of month thousands. Face brick (32 identical plants): Production thousands. Stocks, in sheds and kilns thousands. Unfilled orders thousands. Shipments thousands. Prices: Common red, New York.dolls, per thous. Common salmon, Chicago.dolls per thous. 56,075 53,222 163,426 67,164 88,713 66,456 70,624 159,180 99,330 118,284 42,626 38,694 149,034 43,098 31,537 107,430 100,038 187,335 + 74.4 181,415 + 81.3 110,261 231,377 + 109.8 14,544 14,418 45,492 16,793 17,804 44,481 9,120 7,837 36,944 22,364 23,346 16,012 70,751 51,296 13,660 23,004 73,756 62,139 22,384 42,133 156,906 59,852 37,991 20.00 8.73 20.00 8.65 16.25 8.55 8,085 5,963 < 13,502 1.75 10,326 13,055 1.75 6,685 7,002 13,848 1.50 15,254 13,218 6,272 4,725 5,684 3,737 9,602 7,979 number. number. number. 82,912 40,124 129,847 92,473 42,000 116,514 number. number. number. 83,469 56,543 156,033 number. number. number. number. number. number. + + + + 18.5 32.7 2.6 47.9 46.5 1919 1919 1919 1919 1919 68 59 106 70 32 84 76 107 84 34 106 108 112 99 72 128 114 118 126 80 111 105 118 131 95 131 139 115 193 126 45,645 +104.1 46,503 + 99.2 1919 1919 1919 47 52 65 56 97 78 108 102 102 111 103 103 109 119 + 15.5 127 + 23.5 107 - 2.2 90,390 59,165 - 34.5 55,131 - 22.7 51 170 52 57 93 176 71,285 1919 1919 1919 8 1920 117 100 133 64 95 1913 1913 255 170 248 173 266 177 305 178 25,669 + 68.3 21,708 + 64.2 1913 1913 1913 1913 56 44 126 148 113 15,565 13,025 14,912 - 4.2 10,602 - 18.6 1919 1919 74 78 65,243 70,587 63,815 166,243 261,008 + 57.0 171,369 380,279 +121.9 1919 1919 1919 104,876 50,127 148,121 91,039 126,228 95,891 224,740 279,461 + 24.3 244,429 474,847 + 94.3 99,085 59,806 167,607 114,677 61,391 149,144 90,764 152,980 95,137 238,301 330,301 + 38.6 251,362 512,735 +104.0 44,766 49,367 75,431 56,359 54,332 67,642 44,912 86,334 48,062 119,189 154,380 +129.5 137,847 236,500 + 71.6 401,165 330,260 48,259 22,646 397,982 328,588 48,120 21,274 350,350 274,082 46,416 29,852 1921 1921 1921 1921 .139 .135 1913 1913 + + + + 43.7 4.2 21.1 63.9 305 177 305 175 - 0.0 0.9 100 73 102 158 105 81 120 173 129 + 22.2 140 + 73.2 116 - 3.3 0.0 173 66 62 141 138 128 - 9.4 109 - 20.9 35 79 59 42 147 217 226 160 Cement. Production thoue. of bbls. Shipments thous. of bbls. Stocks, end of month thous. of bbls. Price, Portland dolls, per bbl. Concrete paving contracts: Total thous. ofsq. yds. Roads thous. ofsq. yds. Sanitary ware. Baths, enamel: Orders shipped Stocks Orders received Lavatories, enamel: Orders shipped Stocks Orders received Sinks, enamel: Orders shipped Stocks Orders received Miscellaneous, enamel: Orders shipped Stocks Orders received number '189 167 91 229 82 137 240 95 186 267 + 11.5 100 + 4.7 167 - 10.3 1919 1919 1919 154 73 93 199 90 130 200 43 169 182 40 212 + 25.6 36 - 11.3 201 - 5.1 1919 1919 1919 135 103 81 166 122 108 189 52 151 182 48 190 210 + 15.7 49 + 2.7 169 - 11.0 1919 1919 1919 125 101 84 158 108 115 167 70 156 158 62 180 + 26.0 + 10.1 161 - 10.3 93 - 0.8 - 0.5 - 0.3 65 - 6.1 HIDES AND LEATHER. Hides. Stocks, end of month: Total hides and skins thous. of lbs. Cattle hides thous. of lbs.. Calf and kip skins thous. of lbs.. Sheep and lamb skins thous. of lbs.. Prices: Green salted, packer's heavy native steers dolls, per lb.. Calfskins, country No. 1 dolls, per lb.. < Revised. 43622°—23 3 .199 .167 .193 .165 s Ten months' average, March to December, inclusive. 69 111 85 108 105 3.0 1.2 34 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1928. March, 1928. Corresponding month, February or March, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 INDEX NUMBERS. Percentage increase 1928 (+) ordecumulative 1923 from 1922. 1922 BASE YEAR OR PERIOD. Percentage increase 1928 or decrease Feb. Mar. Dec. Jan. Feb. Mar. Mar. from Feb. HIDES AND LEATHER—Continued. Leather. Production: Sole leather, .thous. of bks., bends, sides.. Skivers doz.. Oak and union harness stuffed sides.. Finished sole and belting thous. of lbs.. Finished upper thous. of sq. ft.. Stocks, end of month: Sole and belting thous. of lbs.. XTpper . thous. of sq. ft.. Stocks, in process of tanning: Sole and belting thous. of lbs.. Upper thous. of sq. ft.. Exports: Sole thous. of lbs.. Upper thous. of sq. ft.. Leather Products. Belting sales: Quantity thous. of lbs.. Amount thous. of dolls.. Boots and shoes: Production thous. of pairs.. Exports thous. of pairs.. Wholesale prices— Men's black calf, blucher dolls, per pair.. Men's dress welt, tan calf, St. Louis dolls, per pair.. Women's black kid, Goodyear welt, St. Louis dolls, per pair.. 1,449 36,948 139,365 25,496 78,209 1,698 40,935 145,843 29,806 88,721 25,275 77,510 164,270 390,357 163,061 388,070 200,072 449,915 1921 1921 111,239 164,878 111,261 161,687 99,594 175,300 1921 1921 1,796 4,992 1,677 7,049 1,435 8,078 3,457 18,076 4,405 + 27.4 19,062 + 5.5 1913 1913 442 822 520 972 374 625 991 1,659 1,480 + 49.3 2,722 + 64.1 1920 1920 44 30,249 548 34,356 616 29,350 455 79,021 1,167 95,316 + 20.6 1,642 + 40.7 1919 1913 89 46 6.55 6.50 6.62 1913 217 204 210 210 209 4.85 4.85 4.85 1913 153 153 153 153 153 0.0 4.25 4.25 5.75 1913 158 158 142 142 142 0.0 13,894 773,179 85,105 807,782 15,569 831,784 91,273 769,174 1920 1920 1920 1920 72 65 111 84 76 105 138 148 135 104 128 131 120 91 + 12.1 + 7.6 + 7.2 - 4.8 439 516 72,424 702 589 89,519 9 1,539 4,709 76,961 222,369 4,802 + 2.0 83,558 + 8.6 250,951 + 12.9 82 1919 1919 1919 1921 1921 91 176 122 116 153 103 106 17.2 10.8 4.6 16.9 13.4 - 0.7 0.6 - 99 134 + + + + + 84 129 0.0 1.9 92 100 111 - 6.6 + 41.2 79 73 + 17.6 + 18.2 38 + 13.6 + 12.4 57 - 0.8 CHEMICALS. Production: Acetate of lime thous. of lbs.. Wood alcohol galls.. Consumption, wood, carbonized cords.. Stocks, wood, at chemical plants cords.. Exports: Sulphuric acid thous. of lbs.. Dyes and dyestufls thous. of dolls.. Total fertilizer long tons.. Price index numbers: Crude drugs index number.. Essential oils index number.. Drugs and Pharmaceuticals index number. Chemicals weighted index number. Price, sulphuric acid 66° N. Y.dolls, per 100lbs. 9,660 25,983 46,007 + 77.1 534,812 1,461,286 2,538,134 + 73.7 57,874 156,898 280,538 + 78.8 899,781 1,003 498 66,566 2,357 1,493 185,233 2,097 - 11.0 1,505 + 0.8 230,611 + 24.5 102 114 + 59.9 87 163 1909-13 1909-13 1,167 1,722 1,772 1,383 1,784 2,034 + 52.9 87 + 23.6 64 64 50 1909-13 .70 .70 barrels. barrels. 5,914 29,238 5,431 14,596 3,301 19,280 13,595 barrels. barrels. 46,644 282,610 48,445 222,501 44/ 282,428 143,811 115 148 208 124 239 125 253 128 + + 5.8 2.4 116 137 135 132 133 156 164 173 176 178 + + 70 70 70 0.8 1.1 0.0 139 136 1917 1913 1913 123 70 1914 1914 204 NAVAL STORES. Turpentine (3 principal ports): Net receipts Stocks Rosin (3 principal ports): Net receipts Stocks 21,671 + 59.4 163,056 + 13.4 1919 1919 21 163 107 144 1919 1919 149 - 8.2 - 50.1 125 122 83 141 87 111 + 4.0 - 21.3 9 Not exactly comparable with monthly figures prior to July, 1922. The index numbers have been computed by chain relatives and take account of the percentage variation rather than the absolute variation in the figures, and hence show the trend of the movement irrespective of the change in the number of firms reporting. 79 141 199 114 169 35 TREND OF BUSINESS NUMERICAL NOTE.—Detailed tables covering all items are given i n this number. Consult index a t end of bulletin. Febniarv, March, 1923. Corresponding month, February or March, 1922. MOVEMENTS—Continued. DATA. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 INDEX Percentage increase (+) or decrease (-) cumulative 1923 from 1922. 1923 NUMBERS. 1922 BASE YEAR OR PERTOD. Percentage increase ( 1923 v or decrease Feb. Mar. Dec. Jan. Feb. Mar. I from Feb. FATS AND OILS. Total vegetable oils: 5,232 - 21.0 10,459 32,398 21,069 - 35.0 1913 34 36 14,620 30,787 39,066 + 26.9 1913 121 132 15,263 44,345 60,077 + 35.5 1913 103 129 1919 50 20 153 1919 72 57 111 96 87 03 1919 82 66 127 132 91 56 - 3 8 . 1 1913 139 159 134 149 150 thous. of l b s . . 6,619 Production thous. of l b s . . 18,688 Consumption tbous of l b s . . 19,722 19,722 short t o n s . . 302,831 159,922 101,293 Exports 32 23 174 168 124 168 174 166 0.0 59 47.2 Oleomargarine: Cottonseed. Cottonseed stocks Cottonseed oil: Stocks thous. of l b s . . 83,667 60,137 54,907 Production thous. of l b s . . 100,403 62,170 72,758 dolls, per l b . . .109 .118 .115 Minneapolis thous. of b u s h s . . 257 309 257 763 1,035 Duluth thous. of b u s h s . . 43 75 120 302 Minneapolis thous. of b u s h s . . 58 81 86 Duluth thous. of b u s h s . . 35 45 127 Price, New York 267,139 307,865 15.2 - 28.1 103 + 8.3 Flaxseed. i Receipts: 33 j + 20.2 + 35.6 1913 254 - 15.9 1913 367 262 - 28.6 1913 52 + 39.7 343 445 + 29.7 1913 4 + 28.6 1913 7 + 183.3 1 - 57.5 7 I+ 74.4 Shipments: Stocks: Minneapolis thous. of b u s h s . . 6 17 Duluth thous. of b u s h s . . 40 17 84 Shipments from Minneapolis .thous. of l b s . . 8,404 8,080 7,232 20,337 26,535 + 30.5 1913 13,407 15,372 9,283 40,384 46,150 -f 14.3 1913 1913 Linseed oil: 53 i - Linseed-oil cake: Shipments from Minneapolis.thous. of l b s . . 3.9 + 14.7 Vegetable and Animal Oils. (Following figures are quarterly.) Crude vegetable oil: Production Consumption Stocks thous. of l b s . . 0 754,337 0 .thous. of l b s . . 1 700,790 0 thous. of l b s . . 338,272 562,311 487,7% 1919 0 123 84 130 ... 654,620 523,292 1919 10 96 82 110 j 279,963 376,807 1919 10 72 74 97 |- 25.5 103 - 6.6 55 67 - 17.2 - 28.2 Refined vegetable oil: 0 Production thous. of l b s . . 462,214 331,733 349,726 1919 10 96 75 71 Consumption thous. of l b s . . i° 299,396 250,668 244,851 1919 10 69 70 Stocks thous. of l b s . . 0 193,278 282,109 352,302 1919 Production thous. of l b s . . 0 503,442 306,389 263,993 1919 |i° 138 74 141 Consumption thous. of l b s . . 358,307 301,788 1919 !io127 92 130 65 16.3 10 109 ,124 46.0 Cottonseed oil—Crude: Stocks 0 426,226 thous. of l b s . . 0106,988 60,137 55,117 1919 ! | i°90 50 96 51 86 i - 39.1 I 109 54 j - 15.9 - 43.8 P e a n u t oil—Crude a n d virgin: Production thous. o f l b s . . 10 3,256 1,700 11,074 1919 8 ij-- 47.8 thous. o f l b s . . 10 2, 045 2,354 11,552 1919 1048 , 10 14 15 Consumption 22 4 Stocks thous. of l b s . . 10 1,661 979 6,699 1919 10 50 ! 28 7 4 ;+ 15.1 4 - 41.1 109 i+ 16.4 Coconut or copra oil—Crude: Production thous. o f l b s . . 10 50,460 58,750 53,404 1919 1066 j 99 94 Consumption thous. of l b s . . 10 96,794 93,368 70,448 1919 10 59 67 92 Stocks thous. of l b s . . 10 94,031 85,996 112,014 1919 10 51 72 61 55 Production thous. o f l b s . . 10 28,964 28,222 26,984 1919 0 114 111 119 116 Consumption thous. of l b s . . 10 27,957 25,803 28,904 1919 129 125 115 - 7 . 7 Stocks thous. of l b s . . 6,186 5,672 7,546 1919 10 103 10121 94 77 158,753 - 3.5 - 2.6 Corn oil—Crude: 10 - 8.3 137 - 2.3 207 7.4 71 Linseed oil: 10 Production thous. of l b s . . 155,148 124,941 1919 10 121 110 140 Consumption thous. o f l b s . . 10 90,917 97,669 74,396 1919 10 146 157 192 Stocks thous. of l b s . . 10 81,551 71,629 155,252 1919 10 189 237 125 10 1 + 109 - 12.2 Fish oil: Production thous. of l b s . . 20,765 4,694 1,940 1919 i°279 24 252 Consumption thous. o f l b s . . 10 31,354 10 46,038 thous. of l b s . . 27,507 16,387 1919 10 371 167 320 30,886 32,737 1919 1099 Stocks 0 Previous quarter ending Dec. 81. 73 1. 103 57 - 77.4 281 - 12.3 - 32.9 36 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. Februarv, 1923. March, 1923. Corresponding month, February or March, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1923 Percentage increase (+) or decrease ( } t or decrease (-) 1922 INDEX NUMBERS. Percentage increase cumulative 1923 from 1922. 1922 BASE YEAR OR PERIOD. Feb. 1923 Mar. Dec. Jan. Feb. Mar. from Feb. Mar. FATS AND OILS—Continued. Vegetable and Animal Oils—Continued. Animal fats: Production Consumption Stocks Greases: Production Consumption Stocks Derivatives: Production Consumption Stocks 542,641 thous. of lbs. thous. of lbs. •0 149,592 thous. of lbs. ° 115,848 650,926 147,979 132,060 530,176 144,620 177,468 1919 1919 1919 10 127 L 106 O 10121 144 100 129 148 104 84 177 4- 20.0 103 - 1.1 96 + 14.0 thous. of lbs. thous. of lbs. thous. of lbs. 107,725 1 98,823 1 77,517 I 61,234 47,314 | 70,463 1919 1919 1919 106 142 119 105 142 127 62 . 155 + 9 1 150 + 18.4 70 + 12.9 526,803 268,134 146,423 483,256 209,989 179,186 1919 1919 1919 o 155 10 92 o 101 183 101 218 130 72 99 - 8.5 128 - 1 3 . 80 4- 10.1 10 98,702 io 65,4G9 10 41,907 thous. of lbs. io 576,049 271,779 thous. of lbs. 132,975 thous. of lbs. Oil Seeds and Nuts. (Reported quarterly.) Peanuts, hulled: Consumption Stocks Copra: Consumption Stock Corn germs: Consumption Stocks Flaxseed: Consumption Stocks short tons. short tons. 10 2,893 i°277 1,161 541 3,492 463 1919 1919 10 14 - 59.9 + 95.3 short tons. short tons. io 39,148 io 10,472 45,239 7,070 40,844 15,299 1919 1919 10 64 10 30 107 + 15.6 32 - 32.5 short tons. short tons. io 39,726 10 470 38,243 684 39,464 343 1919 1919 10 104 10 68 108 41 108 56 104 - 3.7 81 - 45.5 short tons. short tons. o 240,843 io 64,656 232,183 27,136 187,968 27,806 1919 1919 10 122 10 320 109 93 139 217 134 - 3.6 91 - 58.0 Exports, including flour thous. of bushs. 12,197 135,697 Visible supply thous. of bushs. 21,618 Receipts, principal markets.. thous. of bushs. 10,740 Shipments, prin. markets thous. of bushs. Wheat flour: 9,425 Production thous. hi bbls. 7,984 Consumption thous. of bbls. 7,700 Stocks thous. of bbls. Prices: 1.244 No. 1, northern, Chicago, .dolls, per bush. 1.360 No. 2, red winter, Chicago.dolls, per bush. i Flour, standard patents, I Minneapolis dolls, per bbl. Flour, winter straights, .j 6.713 Kansas City dolls, per bbl. 10,725 128,085 21,746 13,621 14,371 99,764 20,220 14,135 1913 1913 1919 1919 92 210 72 58 121 194 64 71 138 2C6 144 122 105 274 119 95 102 264 09 54 1914 1919 1919 95 97 80 100 119 64 114 135 82 104 114 78 97 98 82 110 134 131 128 136 138 133 134 - 145 146 145 i- 1.3 •. FOODSTUFFS. Wheat. Corn. Exports, including meal thous. of bushs. Visible supply., thous. of bushs.. Receipts, principal markets.. .thous. of bushs.. Shipments, prin. markets thous. of bushs.. Grindings (starch, glucose).. .thous. of bushs.. Prices, contract grades, No. 2, Chicago dolls, per bush.. 9,232 7,893 7,500 40,344 35,441 - 12.2 60,378 37,006 80,979 + 34.1 43,297 + 17.0 18,728 16,884 19,562 + 17,310 + 4.5 2.5 1.216 1.321 1.352 1.357 1913 1913 153 140 148 138 6.625 7.813 1913 174 170 5.600 6.781 1913 174 176 152 145 7,764 31, 266 26, 222 16,090 5,946 22,936 51,040 31,035 23,891 6,685 1913 1913 1919 1919 1913 527 533 389 360 142 543 607 207 270 159 117 217 250 158 109 175 263 250 255 132 .737 .740 .575 1913 139 159 134 16,023 27,683 966 18,568 24,044 874 1913 1913 1913 87 405 14 74 371 92 101 186 30 64,627 141, 462 85,126 17, 810 24,046 - 62.8 95,067 55,144 16, 812 • 32.8 35.2 5.6 - 12.1 - 5.6 -f 0.6 !+ 26.8 146 | | I .5.569 29, 877 31, 287 16, 533 5,336 90 249 69 68 2.3 2.9 06 . 211 356 209 187 127 184 j - 12.7 372 - 4.6 175 I- 16.2 150 163 1+ 1.4 77 159 32 90 + 15.9 138 - 13.1 29 - 9.5 189 |+ 2.7 142 ji+ 11.4 Other Grains. Oats: Receipts, prin. markets... thous. of bushs.. Visible supply thous. of bushs.. Exports, including meal, .thous. of bushs.. 15,340 ; 64,644 2, 770 49,534 3,717 57,226 15.5 2,337 - 37.1 Previous quarter ending Dec. 31. 109 177 16 37 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. Febru1928. March, 1928. Corresponding month, February or March, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 INDEX NUMBERS. Percentage increase 1923 (+) or decrease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. 1928 1922 Feb. Mar. Percentage increase or decrease Mar. Dec. Jan. Feb. Mar. from Feb. FOODSTUFFS-Continued. Other Grains—Continued. Oats—Continued. Prices, contract grades, Chicago dolls, per bush.. Barley: Receipts, prin. markets...thous. of bushs.. Exports thous. of bushs.. Prices, fair to good, malting, Chicago dolls, per bush.. Rye: Receipts, prin. markets... thous. of bushs.. Exports, including flour, .thous. of bushs.. Price, No. 2, Chicago dolls, per bush.. 0.457 0.462 0.393 2,556 1,191 3,403 1,012 3,291 836 .663 .644 4,749 5,974 .864 3,679 1,382 .827 3,254 954 1.021 6,110 3,317 29,222 41,209 21,757 41,006 41,867 41,184 392 56,178 396 65,448 1,302 119,813 308,106 30,866 20,586 42,304 94,241 86,192 203,914 33,422 174,302 34,706 154,055 66,903 130,662 115,582 2,292 5,362 1,930 2,933 22,224 724 106 105 122 117 122 123 + 1.1 1913 1913 26 32 36 57 47 52 42 45 28 82 38 + 33.1 69 - 15.0 1913 101 103 110 104 107 15,604 + 155.4 10,811 +225.9 1913 1913 1913 123 780 156 550 555 367 251 615 2,442 2, 229 3,854 140 137 136 160 284 - 22.5 892 - 76.9 130 - 4 . 3 113, 727 75,499 I - 33.6 1913 1919 170 131 202 106 129 130 118 121 141 106 105 - 25.5 105 - 0 . 5 3,262 1,740 - 46.7 223,178 - 2 7 . 6 1919 1919 163 167 214 196 209 154 156 166 64 92 65 + 1 0 . 107 + 16.5 - 8 . 5 1919 131 166 164 136 121 81 - 33.3 - 11.5 1919 1919 204 128 190 213 287 109 281 151 251 106 215 - 14.5 111 + 3.8 11,832 52,068 3,527 24,767 19,790 + 67.3 52,447 + 0.7 4,720 + 33.8 31,410 + 26.8 1919 1919 1919 1919 1919 178 69 88 59 128 111 43 148 42 167 374 121 77 88 190 310 120 107 110 188 223 92 90 80 179 132 79 153 81 205 1,622 632 282 994 4,666 1,891 758 2,743 4,804 |+ 3.0 1,869 - 9.2 689 - 9.1 2,913 + 6.2 1919 1919 1919 1919 69 66 55 72 79 7 1 64 87 89 95 81 87 91 85 64 95 69 63 48 76 73 62 45 84 336,393 718,111 709,031 39,321 795,963 + 10.8 787,670 + 11.1 39,696 + 1.0 1913 1919 1913 98 74 91 119 89 131 124 88 79 125 94 92 107 83 84 116 + 37.9 7,914 1,722 9,735 + 23.0 2,864 + 66.3 106 - 0 . 5 Total Grains. Total grain exports, incl. flour, thous. of bushs.. Carloadings of grain and grain products, .cars..Other Crops. Rice: Receipts at mills thous. of bbls.. Shipments, total from mills, .thous. of lbs.. Shipments, through New Orleans ^ thous. of lbs.. Stocks, end of month— Domestic, at mills and dealers thous. of lbs.. Exports thous. of lbs.. Apples: Cold-storage holdings thous. of bbls.. Car-lot shipments carloads.. Potatoes, car-lot shipments carloads.. Onions, car-lot shipments carloads.. Citrus fruit, car-lot shipments carloads.. 3,877 6,257 j 1,398 9,659 1,413 11,045 1,426 559 210 870 1,502 554 198 956 + + + 40.9 14.3 70.0 1.1 14.3 Cattle and Beef. Cattle movement, primary markets: Receipts thousands.. Shipments, total thousands.. Shipments, stocker and feeder.thousands.. Slaughter thousands.. Beef products: Inspected slaughter produc. .thous. of lbs.. Apparent consumption thous. of lbs.. Exports thous. of lbs.. Cold-storage holdings (1st of following month)... thous. of lbs.. Prices, Chicago: Cattle, corn-fed dolls, per 100 lbs.. Beef, fresh native steers.dolls, per 100 lbs.. Beef, steer rounds, No. 2 dolls, per lOOlbs.. + 5.3 - 0.9 - 5.7 + 9.9 366,801 368,908 11,415 329,038 15,744 I 17,808 100,591 91,327 69,516 1919 31 29 48 48 43 38 - 9.9 9.356 14.80 9 263 . 1 .50 4 8.731 14.50 1913 1913 118 112 124 112 99 120 98 119 94 114 98 - 1.0 112 - 2.0 13.80 14 .50 19.80 1913 97 101 106 103 105 in + 6.0 4,490 1,669 64 2,819 4,926 1,703 69 3,234 3,411 1,181 74 2,246 1919 1919 1919 1919 97 111 83 90 142 158 88 133 134 120 140 85 111 132 143 92 128 Hogs and Pork. Hog movement, primary markets: Receipts, primary markets thousands.. Shipments, primary markets, .thousands.. Shipments, stocker and feeder.thousands.. Slaughter thousands.. 11,302 4,295 163 7,016 14,722 5,259 199 9,448 + + + + 30.6 22.4 22.1 34.7 91 99 99 89 1 134 139 61 + 9.7 + 2.0 + 7.8 + 14.7 38 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. March, 1923. Corresponding month, February or March, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 19*23 INDEX NUMBERS. Per centage increase (+ ) or decrease (-) cumulative 1923 from 1922. BASE YEAR OR Percentage increase 1923 ( v PERIOD. or decrease (-) Mar. from Feb. Jan. Feb. Feb. Mar. FOODSTUFFS—Continued. Hogs and Pork—Continued. Pork products: Inspected slaughter produc. .thous. Apparent consumption thous. Exports thous. Cold-storage holdings (1st of following month) thous. i of lbs.. of lbs.. of lbs.. 752,492 491,156 163,745 of lbs.. Hogs, heavy, Chicago.. .dolls, per 100 lbs.. Pork, loins, fresh, Chicago dolls, per 100 lbs. 1,660,137 + 29.0 1,076,789 23.0 545,081 + 39.7 1913 1919 1913 123 141 168 677, 253 1919 67 8.163 10. 338 1913 15. 60 14.80 19. 80 1,366 646 169 708 1,430 646 114 805 1,465 594,090 1,287,110 393,499 875,582 185,197 124,411 390,089 842,781 928,952 7.838 118 i 257 134 152 209 239 156 175 : 200 226 + 13.1 74 92 102 + 10.2 118 124 94 98 + 4 1 . 1913 114 133 105 100 - 5.1 60 53 63 + 53 47 . Prices: Sheep and Mutton. Sheep movement, primary markets: Receipts, primary markets thousands. Shipments, primary markets. - thousands. Shipments, stocker and feeder.thousands. Slaughter thousands. Lamb and mutton: Inspected slaughter p r o d u c thous. of lbs. Cold-storage holdings (1st of following month)...thous. of lbs. Prices: Sheep, ewes, Chicago dolls, per 100 lbs. Sheep, lambs, Chicago...dolls, per 100 lbs. 495 454 780 2,466 2,410 30,754 68,269 77,405 1919 62 54 1919 1919 29 72 56 25 74 + 13.4 1913 59 64 72 60 30 65 1919 - 0.0 20 - 32.5 76 + 13.7 85 81 66 71 67 29 67 68 79 + 15.2 148 182 143 188 153 + 6.4 183 - 2 . 5 5,758 6,632 2,878 1919 34 34 6.719 14.613 7.150 14.250 7.094 1913 14.563 1913 130 182 151 187 11,647 27,070 15,518 16,816 25,475 1919 124 61 107 41 79 45 65 67 44 89 + 33.2 27 - 37.9 thous. of lbs. 23,619 17,154 13,189 1919 76 67 371 221 119 87 - 27.4 thous. of lbs. 113,503 94,920 08,470 1919 133 103 78 150 183 170 - 16.4 12,719 20,034 25,000 63,309 42,9°2 - 32.1 1919 28 35 18 28 + 57.5 40,662 50,409 15,573 2,124 44,919 125,510 139,194 85 36,589 41,035 1919 3,778 4,002 70 86 98 90 164 105 79 72 89 77 1,947 + 10.9 + 12.2 + 5.9 1919 14,586 110 + 24.0 96 + 23. S 179 + 107.2 16 56 Fish. Total catch, prin. fishing ports, .thous. of lbs. Cold-storage holdings, 15th ofmo. thous. of lbs. Poultry. Receipts at five markets Cold-storage holdings (1st of following month) 2,021 9.0 8.3 2.3 4,332 2,221 143 34,831 4,700 677 18,623 53,634 51,064 35,050 84,508 - 34.6 + 65.5 1919 133 Dairy Products. Condensed and evaporated milk: • Exports .thous. of lbs. Receipts at 5 markets: Butter thous. of lbs. Cheese thous. of lbs. Eggs thous. of cases. Cold-storage holdings (1st of following mo.): Creamery butter thous. of lbs. American cheese thous. of lbs. Case eggs thous. of cases. Wholesale prices at 5 markets: Butter dolls, per lt>. Cheese dolls, per l b . Fluid milk: ReceiptsBoston (including cream) thous. of qts. G reater Ne w Y ork thous. of cans. Production—Minneapolis...thous. of lbs. 12,575 1,025 8,910 20,693 13 4,821 14,463 449 1919 9,113 1916-20 1916-20 40 40 16 29 29 10,745 950 1916-20 () " 26 6 63 67 63 64 84 103 148 207 109 144 189 .485 .241 .371 1919 .249 .199 1919 13,081 2,002 15,421 15,080 2,295 18,118 13,438 41,704 42,518 2,209 6,167 6,467 14,812 41,541 49,616 long tons. 342,715 510,653 535,357 1,242,681 1,104,508 long tons. 124,1G4 284,800 .492 72 86 (ii) 9 - 45.9 39 - 30.1 12 85 83 83 80 82 - 1.4 78 - 3.2 110 100 134 216 115 + 15.3 153 + 14,6 254 + 1T.5 + 2.0 + 4.9 + 19.4 1919 104 128 182 - 11.1 1919 128 165 70 105 157 + 49.0 1919 172 287 47 130 298 +129.4 1913 1913 145 225 Sugar. Raw: Meltings, 7 ports Stocks at refineries, end of month 273,811 11 Index number less than 1. 39 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1928. Corresponding month, February or March, 1922. March, 1928. INDEX NUMBERS. Percentage' increase! CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1928 or decrease BASE YEAR OR cumulative 1923 from 1922. Percent age increase PERIOD. 1922 1923 or decrease Jan. Feb. Mar. Mar. from Feb. Feb. Mar. Dec. 1909-13 2,045 3,673 90 160 997 1,071 + 7.5 283 209 - 51.7 FOODSTUFFS—Continued. Sugar—Continued. Refined: Exports long tons. Cane, domestic: Receipts at New Orleans long tons., Prices: Wholesale, 96° centrifugal, N. Y dolls, per lb. Wholesale, refined, N. Y dolls, per lb. Retail, average 51 cities... .index number. Cuban movement: Receipts at Cuban ports -long tons. Exports long tons. Stocks long tons. 29,438 31,632 108,468 232,624 65,788 - 71.7 1,506 728 909 11,843 36,133 +205.1 .062 .039 .052 .073 .073 1913 18 1913 1913 1913 1,567,637 2,044,946 + 30.4 832,847 1,431,603 + 71.9 112 121 118 176 171 158 208 17.7 201 + 17.8 185 + 17.1 1919 1919 1919 261 157 124 207 146 71 261 + 26.4 199 + 36.3 101 + 42.1 78 63 96 67 52 104 63 58 93 6. - 7.4 64 + 10.8 77 - 16.9 117 118 97 122 120 211 117 - 2.7 153 - 27.4 84 280 89 273 80 357 + 13.4 389 + 9 1 . 681,939 474,764 460,009 861,736 647,008 653,692 861,174 512,251 799,619 7,491 1,090 889 6,936 1,208 739 9,404 1,453 913 2,986 2,632 - 11.9 1913 1913 1913 1,187 828 1,155 601 1,159 464 3,386 1,290 3,568 + 5.4 2,122 + 64.5 1913 1913 507 4,623 575 5,043 529 3,636 1,420 10,467 1,641 + 15.6 15,017 + 43.5 1913 1913 32,611 36,451 38,120 104,791 106,152 + 1 3 . 1913 Coffee. Visible supply (1st of following month): World thous. of bags. United States thous. of bags. Receipts, total, Brazil thous. of bags. Clearances: Total, Brazil, for world ihous. of bags. Total, Brazil, for U. S thous. of bags. TOBACCO. Consumption (tax-paid withdrawals): Large cigars millions. Small cigarettes millions. Manufactured tobacco and snuff thous. of lbs. Exports: Unmanufactured leaf. thous. of lbs. Cigarettes thousands. Sales at loose-leaf warehouses thous. of lbs. Price, wholesale, Burley good leaf, dark red, Louisville dolls, per 100lbs. Stocks (reported quarterly): Chewing, smoking, snuff, export mills, of lbs. Cigar tobacco mills, of lbs. Total, including imported mills, of lbs. 26,740 761,695 34,998 31,641 01 32,967 90,867 100,033 + 1 . 937,438 1,002,398 2,581,559 2,606,862 + 1 0 . 22,626 174,493 115,087 - 34.0 19,645 241 89 413 99 + 1 . 18 100 103 133 470 70 85 394 24 118 439 86 208 208 1909-13 1913 1919 82 105 519 91 27.50 27.50 27.50 1913 208 208 208 1,068 10 347 "1,491 1,328 442 1,847 1,303 402 1,785 1913 1913 1913 i°145 i°85 10127 161 109 145 43 132 94 121 10 101 + 18.3 485 + 23.1 28 - 35.4 208 0.0 164 + 24.3 119 + 27.4 150 + 23 9 TRANSPORTATION—WATER. Cargo Traffic. Panama Canal: In American vessels.. .thous. of long tons. In British vessels thous. of long tons. Total cargo traffic thous. of long tons. 959 376 1,563 380 276 838 740 553 1,645 1,735 + 134.5 783 + 41.6 3,155 + 91.8 1915 1915 1915 208 151 206 252 157 236 483 242 377 425 222 391 526 205 384 1913 107 181 80 113 209 78 109 172 86 87 130 72 107 + 22.9 160 + 23.2 88 + 22.6 108 174 83 107 171 82 102 150 83 92 127 78 104 + 13.1 145 + 14.5 88 + 12,2 Vessels in Foreign Trade. Entered in United States ports: Total thous. of net tons. American thous. of net tons. Foreign thous. of net tons. Cleared from United States ports: Total thous. of net tons American thous. of net tons. Foreign thous. of net tons. 3,878 1,527 2,352 4,765 1,882 2,883 4,753 2,127 2,626 12,774 5,922 6,852 13,464 + 5.4 5,430 - 8.3 8,034 + 17.3 1913 93 166 70 4,113 1, 587 2,526 4,650 1, 817 2,833 4,864 2,181 2,684 12,875 6,088 6,788 13,315 3.4 5,277 - 13.3 8,037 + 18.4 1913 1913 1913 90 148 67 10 Previous quarter ending Dec. 31. 40 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. Febru- Sk. March, 1928. Corresponding month, February or March, 1922. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. (+) or de- 1922 1928 1922 BASE YEAR OR PERIOD. cumulative 1923 from 1922. Percentage increase or decrease Mar. from Feb. Feb. Mar. Dec. Jan. Feb. Mar. 34.7 33.1 29.1 28.3 27.1 25.3 24.4 22.9 21.8 21.7 - 0.5 21.1 21.4 + 1 4 . 10 14 + 19.2 - 21.9 - 10.3 TRANSPORTATION—WATER—Con. Index of Ocean Freight Rates. United States Atlantic t o United Kingdom, .weighted index number. All Europe weighted index number. Jan.,'20 Jan.,'20 TRANSPORTATION—RAIL. Freight Cars. Surplus (daily av. last week of month): Box number.. Coal number.. Total number.. Shortage (daily av. last week of month): Box number.. Coal number.. Total number.. Bad-order cars, total (1st of following month) number Car loadings (weekly average): Total cars.. Grain and grain products cars.. Live stock cars.. Coal cars.. Forest products cars.. Ore cars.. Merchandise and miscellaneous cars Freight carried mills. of ton-miles.. 2,739 4,845 15,819 3,266 3,785 14,196 88,491 72,566 206,746 1919 1919 1919 116 129 129 108 96 109 33,857 38,771 80,633 30,849 29,281 255 77 423 1919 1919 1919 2 2 2 1 2 2 202 870 343 141 916 303 178 923 334 162 - 8.9 697 - 24.5 285 - 14,4 215,552 206,312 334,628 1913 219 222 143 139 143 137 - 4.3 848,269 41,209 32,064 185,492 66,646 10,310 497,505 32,616 916,492 41,006 31,145 185,414 74,950 13,336 555,261 827,400 41,184 18,092 131,116 52,734 5,250 495,258 28,451 70,285 26.4 96 131 88 108 88 11 92 104 102 106 55 74 93 14 105 120 105 130 102 107 100 25 103 132 106 121 105 109 118 29 102 138 106 106 97 105 117 28 105 119 114 105 95 105 132 36 118 55,602 1919 1919 1919 1919 1919 1919 1919 1913 < 294,630 < 73,621 <401,577 * 324,572 <47,702 2,357 571,742 157,357 797,354 662,204 77,334 6,913 693,420 170,255 948,799 784,640 99,733 7,639 + 21.3 + 8.2 19.0 + 18.5 4- 29.0 + 10.5 1913 1913 1913 1913 1913 1913 167 128 157 179 80 102 200 140 186 199 139 114 206 171 201 223 132 132 207 158 197 225 102 130 185 138 175 207 65 112 127 !+ 14.0 8.0 - 0.5 -2.9 0.0 + 12.5 + 29.4 + 11.6 Railroad Operations. Revenue: Freight Passengers Total, operating Operating expense Net operating income Pullman passengers carried thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. thous of. dolls.. thousands.. 79,152 446,639 375,825 38,859 2,313 2,637 LABOR. Number employed: United States (1,428 firms) thousands.. 554 New York State thousands.. Wisconsin index number.. Total pay roll: 14,329 New York State thous. of dolls.. Wisconsin index number.. A v. weekly earnings, Wisconsin. index number.. Unemployment, Pennsylvania (1st of 17,903 following month) number.. Employment agency operations: Workers registered number.. 175,807 Jobs registered number.. 167,866 Workers placed number.. 127,965 1.05 Average applicants per job number.. 38,760 Immigration number.. 8,844 Emigration number.. 2,037 567 1,605 1921 1914 12 1915 100 100 97 103 101 100 120 115 120 124 114 121 128 116 125 131 119 126 15,262 11,901 1914 12 1915 12 1915 195 185 191 200 187 243 251 209 241 245 203 241 262 210 257 ! + 6.5 264 I + 0.8 210 + 0.0 14,940 278,850 i» 1921 117 106 169,217 178,384 135,226 95 53,330 10,630 231,981 139,055 122,227 1.67 24,539 15,696 1921 1921 1921 1921 1913 1913 102 93 87 110 15 115 119 129 97 21 31 85 123 122 63 37 37 101 136 134 74 32 23 87 144 135 61 33 17 84 3.7 153 6.3 143 5.7 55 9.5 45 + 37.6 21 + 20.2 1913 1913 105 108 112 117 123 104 126 106 130 107 134 + 3.1 106 - 0.9 611,224 347,817 397,664 64,815 45,704 548,952 - 10.2 505,252 + 45.3 389,968 + 31.0 130,343 30.976 +101.1 - 32.2 6 1.9 2.3 0.8 - 16.6 PRICE INDEX NUMBERS. Farm prices: Crops (15th of month) index number.. Livestock (15th of month)..index number.. 4 Revised. n First quarter 13 of year. Nine months' average, April to December, inclusive. 41 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. Febru- Sk. Corresponding month, February or March, 1922. March, 1928. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1928 Percentage increase <+) or decrease (-) cumulative 1923 from 1922. INDEX NUMBERS. 1923 1922 BASE YEAR OR PERIOD. Percentage increase or decrease Feb. Mar. Dec. Jan. Feb. Mar. from Feb. PRICE INDEX NUMBERS—Continued. Wholesale prices: Department of L a b o r Farm products index number.. Food, etc index number. Cloths and clothing index number. Fuel and lighting index number. Metals and metal products index number. Building material index number. Chemicals and drugs. .index number. House-furnish, goods, .index number. Miscellaneous index number. All commodities index number. Fed. Reserve Bd. (Dept. Labor prices)— Total raw products index number. Agricultural prod, .index number. Animal products, -index number. Forest products.. .index number. Mineral products, .index number. Producers.' goods index number. Consumers' goods index number.. All commodities index number. Federal Reserve Board Index— Goods imported...... .index number.. Goods exported index number. All commodities index number. Dun's' (1st of following month)., index number. Bradstreet's (1st of following month)..index number.. Retail prices, food index number. Cost of lining: Bureau of Labor statistics (quarterly)— Food index number, Clothing index number.. Housing index number Fuel and light index number.. Furniture and house furnishings index number.. Miscellaneous index number.. Total index number.. National Industrial Conference Board— Food index number.. Shelter index number.. Clothing index number.. Fuel and light index number.. Sundries index number.. All items weighted index number.. Foreign wholesale prices: United KingdomBritish Board Trade. . .index number.. London Economist.. ..index number., U.S. Fed. Res. Bd.. .index number.. France— Gen. Stat. Bureau index number.. U. S. Fed. Res. Bd....index number. Italy (Bachi) index number. Sweden index number. Switzerland index number. 1913 1913 1913 1913 145 144 194 216 143 141 196 218 142 141 199 212 143 143 201 206 110 156 123 177 117 141 109 155 125 175 117 142 131 185 130 182 122 156 133 188 131 184 124 156 139 192 132 184 126 157 149 198 135 185 127 159 7.2 3.1 2.3 0.5 0.8 1.3 1913 1913 1913 1913 1913 1913 1913 1913 146 140 121 166 177 118 148 141 147 141 122 165 178 120 150 142 167 161 128 210 208 135 157 156 168 164 125 215 213 136 155 156 167 170 123 220 207 141 155 157 167 174 123 227 202 148 156 159 0.0 + 2.9 0.0 + 3.2 - 2.4 + 5.0 + 0.6 1913 1913 1913 110 142 146 111 144 147 138 174 164 139 146 154 + 5 5 . 180 . 187 193 + 3 2 . 165 166 + 18 . 1913 140 137 153 154 158 160 + 1 3 . 1913 1913 126 142 125 139 149 147 149 144 151 142 151 142 1913 1913 1913 1913 150 °184 o 161 0 181 139 176 161 176 147 172 162 1G 8 142 - 3.4 . 174 + 1 2 0.0 162 1913 1913 1913 °218 °207 °174 207 203 167 208 201 170 217 + 200 169 - 4.3 0.5 0.6 1914 1914 1914 1914 1914 1914 142 169 156 177 177 158 139 165 154 174 174 155 147 167 156 187 171 159 144 167 160 187 171 158 142 1G7 162 187 171 158 142 170 168 186 173 159 0.0 1.8 3.7 1.0 1.2 1.0 1913 1913 1913 165 158 167 163 160 168 155 158 166 157 161 167 158 164 170 160 + 163 175 + 1.3 0.6 1913 1913 1913 1913 1914 Previous quarter ending Dec. 31. 130 137 172 191 1913 1913 1913 1913 1913 1913 10 131 135 174 191 306 283 562 166 171 307 287 533 164 171 362 315 580 155 170 387 324 575 156 175 422 355 582 158 181 424 372 586 162 0 + + + - 0.7 1.4 1.0 2.8 + 13 . 0.0 0.0 0.0 2.9 + 0.5 + + + 4.8 1.0 2.5 2.8 42 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. Febru1923 March, 1928. Corresponding month, Febru- ary or March, ]DATA. CUMULATIVE TOTAL THROUGH LATEST MONTH. (+) or decrease (-) cumulative 1922 1923 1922. INDEX NUMBERS. Percentage increase Per- centage in- 1923 from 1922. 1923 1922 BASE YEAR OR PERIOD. crease {+ J Feb. Mar. Dec. or decrease (-) Mar. Jan. Feb. Mar. from Feb. PRICE INDEX NUMBERS—Continued. CanadaCanadian Dept. Labor .index U S Fed. Res. Bd index Australia index India (Calcutta) index JapanBank of Japan index U. S. Fed. Res. Bd index number.. number.. number.. number.. 1913 1913 1914 1914 169 149 147 179 166 150 146 182 165 147 161 176 165 148 163 179 166 152 161 180 167 + 155 + 163 + 181 + number.. number.. 1913 1913 204 185 201 182 183 173 184 176 192 183 196 185 1913 1913 1913 1913 1913 1913 1913 1913 1913 1913 1913 1919 1919 1919 1919 1919 161 156 175 210 183 341 232 204 0.6 2.0 1.2 0.6 + 2.1 + 1.1 DISTRIBUTION MOVEMENT. Mail-order houses, total sales...thous. of dolls.. Sears, Roebuck & Co thous. of dolls.. Montgomery Ward & Co. .thous. of dolls.. 14 Chain stores, total sales thous. of dolls.. F. W. Woolworth Co thous. of dolls.. S S Kresge Co thous. of dolls McCrory Stores Corp thous. of dolls.. S. H. Kress & Co thous. of dolls.. J. C. Penney Co thous. of dolls.. United Cigar Stores Co thous. of dolls.. Owl Drug Co thous. of dolls.. Music (4 chains) index number.. Grocery (21 chains) index number.. Drag (8 chains) index number.. Cigar (3 chains) index number.. Shoe (5 chains) index number.. Total department-store sales (306 stores) weighted index number.. Total department-store stocks (265 stores) weighted index number.. American Wholesale Corp., total sales thous. of dolls. Wholesale trade: Hardware weighted index number.. Phoes 26,178 17,115 9,063 19,506 11,231 5,016 1,257 2,002 2,823 5,158 823 32,730 19,755 12,975 27,158 15,780 6 950 1,772 2,656 4,387 6,281 935 23,832 15,801 8,031 19,677 11,847 4 481 1,205 2,134 3,153 6,013 860 61,812 42,402 19,410 52,137 31,444 11 842 3,211 5,601 7,713 15,705 2,424 86,315 55,800 30,515 65,929 38,060 16,895 4,256 6,718 10,010 16,879 2,614 + + + + + -f+ 39.6 31.6 57.2 26.5 21 0 42 7 32.5 + + + + 19.9 29.8 7.5 7.8 194 236 75 130 115 109 81 + 25.0 + + + + -h + + + + 15.4 43.2 39.2 40.5 38 6 41.0 32.7 55.4 21.8 + 13.6 + 9.1 + 18.2 + 16.0 + 22. 7 +105.6 123 + 38.2 1919 2,472 2 226 7 165 9 098 101 186 100 89 1919 2,377 80 109 118 108 105 115 125 + 8.7 + 27 0 1913 132 163 136 311 174 181 + 4.0 58 50 80 62 94 49 71 82 70 88 76 114 51 64 83 57 73 85 99 57 110 88 56 105 75 113 59 101 82 56 101 75 106 56 81 108 83 113 80 121 54 82 + 31.7 + 48.2 + 11.9 188 + 14.8 125 + 25.8 152 + 20.7 32,007 32,398 25,309 113,949 104,363 - 8.4 1919 1919 1919 1919 1919 1919 1920 2,002 83,496 23,082 2,298 105,023 27,870 1,717 93,592 24,283 16 5,727 254,878 65,634 15 7,429 278,941 75,887 + 29.7 + 9.4 + 15.6 1913 1919 1919 124 90 111 140 112 132 114 120 159 141 108 136 164 100 126 5,877 6,700 6,285 18,605 19,343 + 4.0 1920 81 87 94 93 81 92 22,366 22,389 22,904 1919 92 91 89 89 89 89 + 16 141 48 311 197 517 243,989 16,110 62 172 641 082 310,473 18,458 40 288 550,758 325,955 1919 1913 1913 1913 92 127 291 320 89 152 913 573 80 141 773 510 78 174 354 425 4,611 41.61 4,656 41.98 4,436 40.60 1919 1919 90 88 90 88 96 93 92 89 .weighted index PviTPfaflr.. Dry goods weighted index number.. Groceries,. , weighted index miTPb^r , Drugs . .. weighted index wrn'bOT Meat packing weighted index number. Candy sales by manufacturers .thous. of dolls. Magazine advertising (for following month) thous. of lines. Newspaper advertising .thous. of lines. Postal receipts thous. of dolls. Internal-revenue taxes collected on— theater ftdmissions thous. r>f dolls 1,089 211 290 232 243 287 248 215 261 198 238 392 274 256 243 351 341 247 242 245 582 215 286 200 203 497 952 629 406 454 446 268 394 273 660 279 229 610 238 296 223 ,433 2,862 1,273 1,283 1,994 221 244 340 255 209 265 263 370 253 288 81 95 204 96 88 149 165 166 159 188 125 129 161 123 145 116 124 110 179 135 71 86 165 104 146 + 6.7 + 14.2 -3.6 + 1.2 + 14.0 PUBLIC FINANCE. U. S. interest-bearing debt. . .mills, of dolls. Liberty and Victory Loans and War Saving securities mills, of dolls. Customs receipts thous of dolls Ordinary receipts . thous. of dolls Ordinary disbursements thous. of dolls. Money held outside U. S. Treasury and Federal Reserve System: Total mills, of dolls. Per capita dollars. 101 191 917 410 739,408 156 829 1,052 157 796,179 + 55 0 + 14 7 + 7.7 «Includes F. W. Woolworth, S. S. Kresge, McCrory Stores Corp., and S. H. Kress Co. only. 1 Cumulative for four-month period, January to April, inclusive. 5 78 78 234 182 327 1 062 546 429 94 90 95 91 0.1 — 0 2 4- 28. 7 +224 6 + 27.2 + + 10 0.9 43 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. March, 1923. Corresponding month, February or March, 1922. DATA. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 Percentage increase (+) or decrease (-) cumulative 1923 from 1922. INDEX NUMBERS. 1922 BASE YEAR OR PERIOD. Percentage increase 1923 or dej crease I Feb. I Mar. Dec. Jan. Feb. Mar. from Feb. Mar. BANKING A N D F I N A N C E . Banking. Debits to individual accounts: New York City mills, of dolls. 20,397 56,005 63,647 | + 13.6 1919 102 109 19,567 17,367 48,739 56,138 I + 15. 2 1919 81 84 100 mills, of dolls. 19,019 16,905 22,541 Outside New York City 99 112 112 mills, of dolls. 16,784 19,768 18,720 51,356 56,330 9.7 1913 195 237 240 251 Outside New York C i t y . . . . m i l l s , of dolls. 13,217 15,543 12,778 35,550 45,311 27.5 1913 185 221 260 93 1 1 + 18.5 1 + 15.7 Bank clearings: New York City + 213 251 + 17.8 230 270 + 17.6 Federal Reserve Banks: Bills discounted mills, of dolls. 596 700 636 1919 37 33 33 31 31 36 + 17.4 Total investments mills, of dolls. 571 504 544 1919 74 92 119 92 96 85 - 11.7 Notes in circulation mills, of dolls. 2,247 2,232 2,182 1919 83 83 94 84 86 85 - 0.7 Total reserves mills, of dolls. 3,202 3,176 3,103 1919 141 142 144 147 146 145 - 0.8 Total deposits mills, of dolls. 1,952 1,976 1,805 1919 91 93 98 103 101 per cent. 76.2 75.5 77.8 1919 156 155 144 153 152 102 + 150 - Total loans and discounts...mills, of dolls. Reserve ratio 1.2 0.9 Federal Reserve member banks: 11,639 11,783 10,842 1921 91 91 95 96 + 1-2 Total investments mills, of dolls. 4,690 4,714 3,702 1921 110 110 143 144 139 140 + 0.5 Net demand deposits mills, of dolls. 11,525 11,082 10,309 1919 97 97 106 109 109 105 - 3.8 New York call loans per cent. 4.78 5.23 4.35 1913 155 137 149 137 150 164 + 9.4 Commercial paper, 60-90 days per cent. 4.63 5.00 4.80 1913 87 + 8.0 Total, 11 Fed. Res. dists. 16 ..thous. of dolls. 6,240,600 6,276,223 5,729,505 99 Interest rates: 83 Saving deposits (bal. to credit of depositors): 1920 108 108 115 117 118 118 1920 104 105 109 111 112 112 New York dist thous. of dolls. 1,158,610 1,155,719 1,085,788 thous. of dolls. 1,809,394 1,825,991 1,704,841 1920 111 111 118 118 118 119 Boston dist 0.6 0.2 + 0.9 Philadelphia dist thous. of dolls. 446.773 449,252 427,104 1920 109 110 112 113 115 115 Cleveland dist thous. of dolls. 412,811 415,526 374,372 1920 109 108 118 119 120 120 Richmond dist thous. of dolls. 285,829 287,828 259,576 1920 113 115 124 126 127 128 + 0.7 Atlanta dist thous. of dolls. 176,536 179,131 156,967 1920 105 107 120 121 120 122 + 1.5 Chicago dist thous. of dolls. 827,691 834,622 757,209 1920 102 102 110 110 112 111 0.8 St. Louis dist thous. of dolls. 125.774 126,838 111,675 1921 106 106 118 119 120 121 0.8 0.6 0.7 Minneapolis dist...- thous. of dolls. 88,992 87,987 79,057 1920 109 110 117 120 124 123 1.1 Kansas City dist thous. of dolls. 100,096 96,619 87,962 1920 112 114 123 130 130 125 3.5 Dallas dist thous. of dolls. 56,755 57,958 52,030 1920 111 116 122 122 127 129 2.1 San Francisco dist thous. of dolls. 877,113 885,590 744,599 1920 113 111 123 128 130 132 1.0 thous. of dolls. 131,980 132,180 144,018 1913 364 362 333 331 332 333 0.2 thous. of policies. thous. of policies. number of policies. 209 167 437 520 205 1,791 1,767 150 144 215 145 282 684 + 31.4 + 21.4 104 51 130 237 879 850 2,227 2,288 1913 1913 1913 1913 193 669 thous. of policies. 159 551 73 710 157 187 185 154 156 419,839 132,833 15,215 567,888 1,086,938 347,512 1,354,544 1913 1913 1913 1913. 274 318 315 256 385 265 302 214 217 221 1,374 99.8 283 291 377 29.5 113 179 126 + 11.5 217 213 + 19.1 252 + 31.7 + 12.9 U . S. Postal Savings Life Insurance. Policies, new: Ordinary Industrial Group Total insurance 19.0 - 1 . 3 + 82.3 + 2.7 176 + 42.5 194 !|+ 23.8 Amount of new insurance: Ordinary thous. of dolls. 415,006 541,388 Industrial thous. of dolls. 114,758 137,853 Group Total insurance thous. of dolls. thous. of dolls. 9,933 19,848 53©, 698 699,089 35,922 1,470,373 365,289 + 24.6 + 5.1 43,482 + 21.0 1,763,315 + 19.9 513 1,053 4,549 384 259 411 + 30.5 •266 + 20.1 Business Finances. Business failures: number.. 1,508 1,682 2,463 thous. of dolls.. Firms Liabilities 40,628 48,393 71,608 282,800 372,535 7,517 218,012 5,316 - 29.3 1913 174 184 136 138,231 - 36.6 1913 320 315 256 190 232 310 Total dividend and interest payments (for following month) thous. of dolls.. 363,235 151,290,700 151,175,460 Dividend payments (for following mo.): Total thous. of dolls.. 78,210 88,275 86,376 15 373,401 15 383,850 + 2.8 1913 110 124 204 107 112 126 Indust. and misc. corp thous. of dolls.. 46,100 56,900 55,550 i» 195,750 15 202,400 + 3.4 1913 117 144 152 106 120 148 Steam railroads thous. of dolls.. 28,900 23,100 22,875 is 103,425 15 104,455 + 1.0 1913 115 92 100 112 117 thous. of dolls.. 3,210 8,275 7,951 15 31,576 is 32,595 + 2.6 1913 64 162 298 128 G5 thous. of dolls.. 9,527 14,692 8,505 19,340 34,780 + 79.8 1913 54 74 82 92 S3 Street railways U. S. Steel Corp.'s earnings 15 Cumulative for four-month period, January to April, inclusive. 18 Exclusive of St. Louis district. + 23.4 93 - 20.1 169 + 157.8 129 + 54.2 44 TREND OF BUSINESS MOVEMENTS—Continued. N U M E R I C A L DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. Corresponding month, February or March, March, 1923. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 INDEX NUMBERS. Percentage increase (+) or decrease BASE YEAR OR PERIOD. (-) cumulative 1922. 1923 1922 ( } t or decrease (-) Mar. Feb. Mar. Dec. Jan. Feb. Mar. from 1923 from 1922. 1923 Percentage increase Feb. BANKING AND FINANCE—Continued. Business Finances—Continued. New capital issues: Corporations thous. of dolls.. States and municipalitiesPermanent loans thous. of dolls.. Temporary loans thous. of dolls.. New incorporations thous. of dolls.. Telephone earnings: Total operating revenue.. .thous. of dolls.. Total operating income thous. of dolls.. Telegraph earnings: Commercial telegraph tolls.thous. of dolls Telegraph and cable operating revenue thous. of dolls.. Operating income thous. of dolls.. Credit conditions: Orders per ct. of total transactions.. Indebtedness .per ct. of total transactions.. Payments per ct. of total transactions.. 237,009 313,928 233,724 696,135 1,184,320 + 70.1 1913 148 207 316 461 173 229 + 32.1 72,706 4,074 700,708 69,758 125,903 48,157 731,866 292,684 61,385 2,166,923 240,249 - 17.9 52.739 - 14.1 2,111,221 - 2 . 6 1913 1913 1913 263 120 343 370 102 425 276 87 472 287 121 528 214 10 407 205 -4.1 41,317 13,447 36,998 8,073 75,181 16,222 84,158 23,326 + 11.9 + 43.8 1913 1913 282 218 300 244 324 249 326 266 315 362 8,166 6,950 14,401 17,152 4- 19.1 1919 91 107 116 118 108 10,094 1,413 8,932 883 18,518 1,925 21,224 3,374 + 14.6 1919 1919 88 54 102 100 107 138 110 120 100 80 500,819 + 75.3 1 291 - 28.5 i 31.1 40.0 52.2 32.2 40.1 52.6 26.9 38.1 49.7 1916 1916 1916 93 102 87 97 98 90 100 127 90 107 107 96 113 103 95 117 + 103 0.0 3.5 90 - 1.1 115.03 65.28 116.03 65.06 89.20 57.98 1913 1913 149 68 153 70 187 74 190 74 198 79 199 - 0.9 0.3 22,694 25,855 22,734 54,313 1913 234 328 284 292 328 373 + 13.9 187,150 61,207 248,357 195,146 66,599 261,745 237,852 180,639 418,491 616,436 531,233 1,147,669 •1919 1919 1919 203 52 100 333 7G 130 249 45 92 300 32 94 202 20 81 274 28 85 + 4.3 + 8.8 + 5.4 84.18 69.31 68.40 73.80 73.42 4.14 81.15 67.42 67.41 72.25 71. (15 4.13 83.33 70.06 64.65 71.80 71.85 4.39 1915 1915 1915 1915 1915 1913 92 91 84 102 92 99 93 93 88 102 94 99 94 93 94 92 94 93 93 93 105 97 94 106 96 93 105 90 93 130,247 2,814 138,895 2,915 1913 1913 *° 191 io 20 191 20 185 25 187 + 1.2 25 — 0.2 92,711 1,355 26.24 105,261 1,399 22.02 1913 1913 1913 10 254 91 43 223 89 51 224 + 89 51 - 255,421 2,524 195,608 2,217 1913 1913 10 345 i°209 368 213 463 234 480 242 + 3.6 + 3.8 72,284 704 8,383 1,399 64,494 213,156 45 11 57,154 - £5.6 20,203 +469.5 47 104 618 111 49 90 158 18 - 10.8 88,798 3,558 56 108 498 35 44 15,951 10,392 70,629 228 33,488 963 300 + 90.3 130 +642.8 4,729 3,792 2,191 .643 30.875 6,110 4,626 4,732 .676 32. 310 4,186 6,953 4,302 .644 33. 209 12,002 18,235 15,371 16,029 + 33.0 14,243 - 21.9 13,844 - 9 . 9 91 263 132 107 114 93 195 132 110 116 85 127 42 108 112 110 155 90 113 117 Stocks and Bonds. Stock prices, closing: 25 industrials, average dolls, per share.. 25 railroads, average dolls, per share.. Stock sales, N. Y. Stock Exchange thous. of shares.. Bond sales: Miscellaneous thous. of dolls.. Liberty-Victory thous. of dolls.. Total thous. of dolls.. Bond prices: Highest-grade rails..p. ct. of par, 4% bond.. Second-grade rails..p. ct. of par, 4% bond.. Public utility p. ct. of par, 4% bond.. Industrial p. ct. of par, 4% bond.. Comb price index .p. ct. of par, 4% bond.. Municipal bond yield per cent 68,757 + 26.6 596,481 204,045 800,526 - 3.2 01.0 30.2 ! 92 7S 4.3 90 89 - 3 . 3 91 - 2 . 2 - 2.9 93 93 3.1 0.0 102 Corporation Stockholders. ( The following figures are quarterly.) Pennsylvania Railroad Co.: Domestic number 10 134,609 10 Foreign number 2,820 U . S . Steel Corporation, common stock: Domestic number.. 10 92,281 Foreign. number.. 10 1,365 Shares held by brokers, .per cent of total.. i°26.28 American Telephone & Telegraph Co.: Domestic number.. 10 246,494 10 Foreign number 2,430 250 90 1042 10 0.5 0.7 0.2 Gold and Silver. Gold: Domestic receipts at mint fine ounces.. Rand output thous. of ounces.. Imports thous. of dolls.. Exports thous. of dolls.. Silver: Production thous. of fine oz.. Imports thous. of dolls.. Exports thous. of dolls.. Price at New York dolls, per fine oz.. Price at London.. .pence per standard oz.. 10 206, 203 - 3 . 3 Previous quarter ending Dec. 31. 1913 1913 1913 1913 541 23 48 31 631 13 1913 1913 1913 1913 1913 70 160 130 109 123 75 233 82 108 121 + 29.2 + 22.0 + 116.0 + 5.1 + 4.6 45 TREND OF BUSINESS MOVEMENTS—Continued. N U M E R I C A L DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February 1923. March, 1923. Corresponding month, February or March, CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 1922. Percentage increase (+) or decrease cumulative 1923 from 1922. INDEX NUMBERS. BASE YEAR OR PERIOD. 1923 1922 Feb. Mar. Percentage increase Dec. Jan. or decrease ( ) Mar. from Feb. Feb. Mar. FOREIGN EXCHANGE RATES. Europe: England dolls per £ sterling France dolls per franc Italy dolls, per lire.. Belgium dolls, per franc.. Germany dolls per mark.. Netherlands dolls, per guilder.. Sweden dolls, per krone.. Switzerland dolls, per franc. Asia: Japan dolls per yen. India dolls, per rupee.. Americas: Canada dolls, per Can. doll.. Argentina dolls, per gold peso.. Brazil dolls, per milreis.. Chile dolls, per paper peso.. General index foreign exchange, index number. 4.69 .061 .048 .054 .00004 .395 .266 .188 4.70 .063 .049 .055 .00005 .395 .266 .186 4 38 .090 .051 .084 .004 .378 .267 .194 Par val. Par val. Par val. Par val. Par val. Par val. Par val. Par val. 90 45 25 43 2 94 97 101 90 47 26 44 2 94 98 101 .484 .318 .485 .316 .473 .278 Par val. Par val. 95 58 .987 .842 .114 .120 .981 .841 .111 .127 .969 .828 .137 .114 Par val. Par val. Par val. Par val. 95 37 26 34 96 35 25 31 96 32 25 28 96 33 25 28 +0.2 +3.3 +2.1 + 1.9 0.06 0.03 0.02 0.02 99 101 98 98 100 97 98 99 97 98 99 96 - 0.0 0.0 0.0 1.1 95 57 98 63 98 65 97 65 97 + 65 - 0.2 0.6 97 86 42 58 70 99 89 37 64 P a r val. 96 86 41 53 69 70 99 88 35 66 68 99 87 35 61 67 98 - 0 . 6 87 - 0 . 1 34 — 2.6 65 + 5.8 67 0.0 U. S. FOREIGN TRADE.17 EXPORTS BY GRAND DIVISIONS. Europe: Total France Germany Italy United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa, total Grand total thous. thous. thous. thous. thous of dolls of dolls.. of dolls.. of dolls.. of dolls 159,647 13,791 24,442 10,705 71,597 164,798 20,475 25,031 12,851 63,630 180,182 19,080 35,658 6,558 72 788 458,147 52,864 81,380 21,461 191 111 514 104 + 12.2 57,552 + 8.9 7.2 75,559 39,045 + 81.9 218,830 1913 1913 1913 1913 1913 103 125 75 86 108 144 149 122 100 148 149 195 84 244 163 152 182 89 236 170 128 108 83 163 145 132 + 160 + 85 + 196 + 129 — thous. of dolls.. thous. of dolls.. 74,742 44,497 90,849 53,644 73,542 44,493 191,261 112,380 243,959 147,049 + 27.6 + 30.8 1913 1913 119 105 147 132 170 157 156 146 149 132 181 160 + 21.6 + 20.6 thous of dolls thous of dolls 20,937 9,780 22 943 9 105 17 199 6 987 45 148 19,420 65,204 + 44.4 28 095 + 44 7 1913 1913 115 136 141 152 181 215 175 201 171 213 188 199 + 47,012 17,662 4,930 307,269 58,080 23,64^ 4,493 341,162 53,799 22,785 5,258 329,980 152,152 69,558 12,834 859,448 146,801 - 3 . 5 54,670 - 21.4 13,902 + 8.3 983,970 + 14.5 ! 1913 1913 1913 1913 252 361 180 121 311 438 218 159 269 389 157 166 241 257 186 162 271 339 204 148 335 454 186 165 + 23.5 + 33.9 — 8.9 + 11.0 sterling.. sterling.. sterling.. sterling.. 83,855 37,141 26,739 19,462 90,002 40,726 27,732 21,226 87,879 4.5,261 22,095 20,309 233,642 111,490 66,880 54,595 273,557 + 17.1 j 125,205 + 12.4 84,759 + 26. 7 62,395 + 14.3 ! 1913 1913 1913 1913 108 133 86 103 137 187 94 126 148 175 13S 123 156 129 135 131 154 114 121 140 + 168 + 118 + 132 + sterling.. sterling.. sterling.. sterling.. 57,510 2,864 9,470 44,324 60,921 2,646 11,564 45,935 64,581 3,270 8,465 51,760 186,063 8,885 22,366 151,584 185,370 8,874 30,406 143,394 1913 1913 1913 1913 133 101 118 HO 148 120 Rr> ir.i 136 153 124 161 155 131 105 163 129 139 97 199 134 sterling.. sterling.. sterling.. sterling.. 9,823 1,300 6,492 2,021 9,086 1,639 5,586 1,858 10,154 2,709 5,015 2,428 28,787 7,140 14,353 7,288 1913 1913 1913 111 171 KM) III \H 93 mr, W Nti 108 98 122 82 100 7.5 123 + 26.1 105 - 14.0 1913 107 127 111 88 thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. 3.2 48.5 2.4 20.0 11.1 9.6 TRADE AND INDUSTRY OF FOREIGN COUNTRIES. United Kingdom. Imports (values): Total thous. of £ Food, drink, tobacco.thous. of £ Raw material thous. of £ Manufactured articles, thous. of £ Exports (values): Total thous. of £ Food,drink, tobacco, .thous. of £ Raw material thous. of £ Manufactured articles.thous. of £ Reexports (values): Total thous. of £ Food, drink, tobacco, .thous. of £ Raw material thous. of £ Manufactured articles.thous. of £ 7 - 0.4 -0.1 + 35.9 - 5.4 0.3 28,707 4,626 - 35. 2 , IS,016 + 25. 5 1 6,051 - 17.0 J See headnote at beginning of this table, p. 25. 163 131 m IO.r> 19f> 7.3 9.7 3.7 9.1 + 5.9 - 7.6 + 22.1 + 3.6 76 - 8.1 46 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Detailed tables covering all items are given in this number. Consult index at end of bulletin. February, 1923. March, 1923. Corresponding month, February or March, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTII. 1922 1923 (+) or decrease (-) cumulative Percentage increase INDEX NUMBERS. Percentage increase BASE YEAR OR PERIOD. 1923 from 1922. 1923 1922 or decrease Feb. Mar. Dec. Jan. Feb. Mar. Mar. from Feb. TRADE AND INDUSTRY OF FOREIGN COUNTRIES—Continued. United Kingdom—Continued. Exports of key commodities (quantities): Cotton piece goods thous. of sq. yds.. Woolen and worsted tissues thous. ofsq. yds.. Iron and steel thous. of long tons.. Coal thous. of long tons.. Production: Pig iron thous. of long tons.. Steel ingots thous. of long tons.. Coal thous. of metric tons.. Stocks, zinc short tons... 342,980 337,906 304,293 895,919 1,081,484 + 20.7 1920 108 - 1.5 17,718 318 5,903 14,466 369 7,180 15,057 296 5,201 42,865 774 13,236 54,464 + 27.1 1,041 + 34.5 18,730 + 41.5 1920 1913 1913 100 - 18.4 + 16.0 + 21.6 543 707 22,608 221 634 803 28,000 938 390 549 25,161 7,140 978 1,296 63,241 1,745 + 78.4 2,134 + 64.7 72,172 + 14.1 1913 1913 1913 1920 66 12,500 1,004 151 157 14,319 9,866 1,760 92 84 27,501 3,632 186 164 38,558 3,598 316 336 + 40.2 -0.9 + 30.1 + 104.9 1920 1913 1913 1913 65,308 58,646 91,870 78,565 79,337 60,847 185,107 154,949 225,264 + 21.7 202,846 + 30.9 1913 1913 97 150 142 194 126 357 122 209 40.7 + 34.0 2,959 428 7,129 2,271 562 6,614 1,861 3,533 6,042 5,092 9,761 17,747 7,469 + 46.7 4,132 - 57.7 23,483 32.3 1913 1913 1913 72 36 67 106 27 72 170 68 485 127 24 116 129 - 23.3 31.3 + 7.2 44 47 1,028 65 42 108 75 3,712 150 + 38.9 95 26.7 3,475 - 6.4 1913 1913 1913 40 48 143 50 34 167 194 49 55 167 92 + 16.8 + 13.6 + 23.8 +324.4 Belgium. Production: Zinc Coal Pig iron Steel ingots short thous. of metric thous. of metric thous. of metric tons.. tons.. tons.. tons.. Canada. Total trade: Imports thous. of dolls.. Exports thous. of dolls.. Exports of key commodities (quantities): Canned salmon thous. of pounds.. Cheese thous. of pounds.. Wheat thous. of bushs., Production: Pig iron thous. of long tons., Steel ingots thous. of long tons Bank clearings. mills, of dolls. Employment: Applications number. Vacancies number. PlacementsRegular numberCasual number. Newsprint paper: Production short tons. Shipments short tons. Stocks short tons. Exports short tons. Business failures: Firms number. Liabilities thous. of dolls. Building contracts awarded thous. of dolls. 42 1,152 185 + ?.4.6 30,866 30;939 37,345 22,571 79,578 45,571 82,997 + 4.3 64,327 + 41.2 1913 1913 90 56 101 76 12,013 15,497 10,624 9,002 22,449 18,120 27,552 22.7 29,882 + 64.9 1913 1913 35 137 54 139 46 20.1 1919 1919 1919 1919 lit 118 76 128 128 129 63 172 77 +47.7 149 + 12.1 111 83 218 39 235 138 147 61 15r 148 140 92 150 137 134 85 153 158 15.7 154 + 14,7 100 + 18.2 215 397 42 186 - 13.5 370 - 6 . 8 62 + 49.9 91,935 91,087 10,689 84,395 106,361 104,496 12,639 11?, 450 85,973 87,572 7,919 95,196 245,685 251,603 298,093 + 21.3 290,623 + 15.5 233,626 280,634 327 5,507 13,312 283 5,134 19,955 212 4,445 13,466 861 17,439 32,577 940 + 9.2 16,697 - 4.3 43,108 + 32.3 1913 1913 1913 203 441 33 139 320 42 20; 399 164 217 436 31 thous. of bushs. thous. of bushs. thous. of bushs. thous. of bushs. 18,263 4,426 6,025 6,229 18,661 1,956 3,177 7,403 27,600 4,485 2,556 2,661 54,343 17,876 9,166 7,861 48,449 19,740 15,450 20,483 1913 1913 1913 1913 223 48 86 80 321 28 50 80 81 11 6 61 134 85 122 205 217 + 2.2 12 - 55.8 62 - 47.3 + 18.8 thous. of bushs. thous. of bushs. thous. of bushs. 5,180 800 2,600 7,400 4,810 2,000 2,800 1913 1913 1914 272 5 30: 186 46 385 129 11 330 172 46 275 286 + 42.9 Argentina. Grain shipments: Wheat Corn Oats Flaxseed Visible supply: Wheat Corn Flaxseed 4,000 - 10.8 + 10.4 + 68.6 + 160.6 + 53.8 47 WORLD PRODUCTION OF COTTON.* New crop available Peru. United States. Mexico. India. Brazil. Egypt. June. World total. Country August. August. November. September. September. Thousands of bales (478 poands net). Normal consumption (1909-1913) 1909-1913 average 1914 1915 1916 1917 20,660 24,630 18,470 18,970 18,370 106 129 113 127 125 13,033 18,135 11,192 11,450 11,302 193 108 95 103 135 3,584 4,356 3,126 3,756 3,390 322 387 282 281 345 1,453 1,337 989 1,048 1,304 1918 1919 1920 1921 18,580 19,925 20,940 15,330 129 155 164 157 12,041 11,421 13,440 7,954 203 199 188 126 3,324 4,850 3,013 3,735 339 384 451 612 999 1,155 1,251 W2 1922, latest estimates 18,100 9,762 1115 »4,348 553 1,015 1 From private sources. »1922 acreage 12,496,000 c o m p a r e d w i t h 11,976,900 i n 1921. WORLD PRODUCTION OF WHEAT * Country New crop available... Argentina. Australia. India. United States. Spain. Italy. January. World total. January. March. July. August. August. France. Germany. Rumania. Canada* August. August. August. September. Millions of bushels. Normal consumption 37 (1909-1913) 301 531 136 236 361 221 34 110 197 161 394 263 234 157 114 169 173 80 85 103 25 179 152 351 312 377 323 282 687 891 1,026 636 637 130 116 139 152 143 183 170 171 177 140 317 283 223 205 135 152 146 142 U10 »82 87 49 1916 1917 3,586 4,199 1 2,609 i 2,288 1918.. 1919.. 1920.. 1921.. 1 2,804 > 2, 743 »2,868 13,069 184 172 214 170 115 76 46 146 370 280 377 250 921 968 833 814 136 129 139 146 183 170 141 194 226 «187 «237 <323 »86 »80 «83 «108 •18 •66 «70 «76 189 193 263 301 1922, latest estimates. 1923, latest estimates. »3,107 181 194 128 105 366 425 856 125 162 <243 <76 «83 400 3,577 1909-1913 average.. 1914.... 1915 1 2 78 4 Russia excluded. No accurate statistics are available. New boundaries. Excludes Alsace-Lorraine. * Former kingdom, Bessarabia and Bukowina. » Excludes Dobruja. . • Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received. by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested. 48 PRODUCTION. Table 1.—INDEX NUMBERS. Based on data from Government sources. [Base year in bold-faced type.] DEPARTMENT OF COMMERCE INDEXES. Manufacturing. Raw materials. YEAR AND MONTH. Minerals.1 als.i ings.s Animal products. 3 Forestry.4 Total identical Grand AgriculcomTotal.5 modi- total.' ture.* Mining." tles.e Relative to 1909-13 average 1909-13 monthly average. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average FEDERAL RESERVE BOARD INDEXES. ~ " Manufacturing.^ Basic cpmmodities.11 Relative to 1913. Relative to 1919. 100.0 109.8 102.4 111.2 127.2 100.0 88.3 96.6 114.8 134.4 135.2 113.6 126.2 98.2 108.8 100.0 113.9 93.3 99.0 100.0 93.9 112.1 112.6 100.0 95.4 97.5 106.3 100.0 101.6 85.5 111.5 100.0 98.5 102.8 108.0 100.0 100.6 100.0 97.8 102.2 May.... June July.... August. 98.6 107.6 97.2 103.4 95.1 101.8 92.3 98.2 83.1 89.0 102.2 126.8 102.6 101.8 90.9 96.4 93.2 92.3 86.9 93.0 91.7 95.4 96.2 110.6 September.. October November.. December.. 97.1 110.4 93.7 87.6 93.2 103.7 90.1 85.1 152.7 176.6 121.6 118.3 94.9 100.1 97.9 103.4 88.9 92.5 96.2 January.. February. March April 95.4 99.1 120.8 67.8 93.0 96.1 116.2 62.5 102.3 96.3 77.8 54.5 96.4 87.8 102.5 106.9 May.... June July.... August. 80.1 97.3 98.9 106.8 72.7 85.6 84.6 91.4 86.3 75.6 80.1 116.4 September. October November.. December.. 128.2 142.9 136.0 129.9 114.8 127.8 123.0 119.7 132.9 114.4 134.7 124.3 106.5 125.8 1917 monthly average.. 1918 monthly average.. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 1922 monthly average.. 100.0 90.4 95.2 98.4 100.0 115.7 85.6 91.3 100.0 98.0 85.9 96.4 116.0 110.5 100.2 105.0 80.6 97.6 79.7 81.4 74.4 81.4 73.6 82.2 93.4 116.7 84.7 83.9 76.7 82.8 84.4 87.1 80.1 90.7 76.9 77.0 75.1 78.7 120.9 135.6 107.2 106.1 81.5 88.8 88.2 83.4 86.9 81.2 115.3 130.9 104.6 93.9 81.6 93.9 86.0 82.0 90.2 94.6 89.5 81.3 79.3 82.7 85.6 83.5 85.7 99.3 101.7 98.2 93.2 93.6 74.1 85.2 82.3 93.6 83.8 82.1 96.7 92.7 88.9 77.7 70.7 57.4 90.0 94.9 117.1 58.6 87.0 80.2 90.9 84.7 86.5 90.5 94.9 85.3 119.6 113.6 105.7 101.0 122.1 127.9 116.2 125.4 95.5 91.5 90.4 107.5 100.5 102.7 97.8 102.1 106.8 112.3 103.4 110.1 82.6 75.1 79.8 106.7 67.9 70.6 65.4 67.5 98.1 99.1 95.3 104.6 92.1 94.2 94.8 93.9 165.8 194.6 160.3 141.3 99.2 111.5 112.7 118.7 118.2 118.2 116.6 98.1 133.8 153.2 136.8 128.3 100.7 108.2 108.4 103.8 104.8 113.6 112.9 107.9 128.8 154.2 137.9 121.3 99.9 118.5 120.1 124.5 100.3 107.5 109.4 106.9 106.9 115.5 115.6 114.5 73.4 113.4 95.4 113.6 106.9 115.6 114.0 100.9 118.6 109.3 106.6 73.3 77.7 131.4 116.6 134.2 108. 7 99.5 112.7 120.7 120.1 125.7 1921. 1922. 1923. January... February.. March April May.. June.. July.. 1 Weighted average of 9 commodities representing about 87 per cent of the total mineral production: for details, see May, 1922, issue (No. 9) and September, 1922, issue (No. 13) of Survey of Current Business. 2 Weighted average of 26 commodities representing about 94 per cent of the total crop production: for details, see July, 1922, issue (No. 11) of Survey of Current Business. 3 Weighted average of 9 commodities representing about 99 per cent of marketed live stock and live-stock products: for details, see June, 1922, issue (No. 10) of Survey of Current Business. 4 Weighted average of 13 commodities representing about 80 per cent of forest products marketed: for details see August, 1922, issue (No. 12) of Survey of Current Business. & Weighted average of above groups: for details see September, 1922, issue (No. 13) of Survey of Current Business. 6 Weighted average oi 62 commodities with comparable monthly figures from January, 1920, and representing about 36 per cent of the entire manufacturing industry, based on value added by manufacture: for details, see January, 1923, issue (No. 17) of Survey of Current Business. 7 Weighted average of 70 commodities with comparable monthly figures from November, 1921, and representing about 44 per cent of the entire manufacturing industry: for details, see January, 1923, issue (No. 17) of Survey of Current Business. 8 Weighted average of 14 commodities: for details, see March, 1922, issue of Federal Reserve Bulletin. 9 Weighted average of 7 commodities: for details, see March, 1922, issue of Federal Reserve Bulletin. 10 Weighted average of 34 commodities: for details, see March, 1922, issue of Federal Reserve Bulletin. 11 Weighted average of 22 commodities corrected for seasonal variations: for details, see December, 1922, issue of Federal Reserve Bulletin. 49 WOOL. Table 2.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government and non-Government sources,1 [Base year in bold-faced type.] RECEIPTS AT BOSTON. YEAR AND MONTH. ForTotal. Domes- eign. tic. CONIMSUMPPORTS TION (un(in manugrease facequivatured). lent). 2 STOCKS» (in grease equivalent). Held b y Total. manufacturers. Relative to 1921. Relative to 1913. Held by dealers.6 RECEIPTS AT BOSTON. ForTotal. Domes- eign. tic. Relative to last two quarters of 1920. 100 1914 mo. av. 149 1915 mo. av. 191 STOCKS« (in grease equivalent) Held b y Total. manufacturers. Held b y dealers.6 Thousands of pounds. A.—INDEX NUMBERS. 1913 mo. av. CONIMSUMPPORTS TION (un(in manugrease facequivatured). lent).2 B.-NUMERICAL 100 118 112 1OO 1OO 18,761 13,488 5,278 228 171 27,906 15,894 12,012 21,680 391 272 35,801 15,142 20,660 DATA. 34,393 12,651 1916 mo. av. 196 127 371 296 36,683 17,100 19,583 37,432 1917 mo. av. 225 130 468 277 42,215 17,510 24,705 35,083 1918 mo. av. 224 113 506 299 41,956 • 15,275 26,682 37,811 1919 mo. av. 213 132 419 294 39,918 22,093 37,158 17,825 1920 mo. av. 122 65 266 171 31OO 8 1OO »1OO 22,890 8,809 14,030 21,635 1921 mo. av. 152 89 315 211 1OO «101 «135 «83 28,590 11,977 16,613 26,717 1922 mo. av. 193 118 383 248 124 '96 U58 '63 36,147 15,909 20,238 31,328 3 845,258 < 533,473 «247,412 * 286,061 54,510 >307,723 '291,318 7216,405 20,044 7,851 12,193 14,745 48,183 100 132 83 14,226 12,830 1,395 5,952 47,103 3 529,174 >188,917 44,125 1921. May 107 58 231 117 109 June 76 95 26 47 107 July 145 183 47 74 95 27,157 24,693 2,464 9,397 42,126 August 31,294 27,327 3,967 15,867 48,141 167 203 75 125 109 September.. 91 109 43 17,028 14,740 2,288 14,592 49,824 72 81 50 115 72 113 October 121 13,536 10,885 2,651 9,086 531,070 242,845 288,225 504,372 252,103 252,269 479,151 277,926 201,225 525,174 293,867 231,307 518,844 302,160 216,683 501,341 288,200 213,141 53,589 95 137 73 November.. 84 81 90 87 121 15,696 10,965 4,731 10,946 53,463 December.. 102 112 78 99 112 19,183 15,091 4,092 12,520 49,441 January 143 103 247 175 118 26,886 13,825 13,061 22,152 52,280 February... 135 99 224 220 122 25,246 13,407 11,839 27,834 53,774 60,368 1922. March 213 81 550 340 137 39,946 10,899 29,047 43,071 April 182 72 465 308 96 34,194 9,655 24,539 38,988 42,574 May 218 124 460 261 119 40,972 16,717 24,255 32,956 52,533 June 195 217 140 134 119 36,656 29,278 7,378 16,940 52,621 July 380 300 583 265 106 71,307 40,516 30,791 33,484 46,902 August 227 162 395 272 130 42,635 21,809 20,825 34,472 57,340 September.. 114 64 241 6 220 124 October 109 64 225 200 168 214 659 362 132 1923. January 244 50 740 445 144 February... 250 44 131 March 344 69 April 286 60 775 1,046 862 58 143 227 71 58 412 December.. 151 134 November.. 91 142 6 95 157 62 12,710 27,892 54,771 11,893 25,261 59,282 9,715 21,731 27,084 63,313 42,643 7,855 34,788 45,817 58,367 6,723 39,066 56,313 63,348 46,875 63 8,594 45,789 164 67 8,637 31,446 98 160 21,304 20,530 99 5,990 40,885 64,537 9,337 55,200 53,586 8,109 45,477 57,916 62,859 May June July sumption a 2jepQ,rt77l67lt OJ (summertc.JD urcuiti uj t/tc \sc'ii8'uo, in uuupciaiiiuii wii;.u^i/ . o . x/cfu'i frf'tcw uj siyi n,uii*uic, x>i*icixt* uj xiyi wuiwubiiu* JCAMIWIMVH' 3 These figures have been revised to include only comparable reports each month and thus do not contain the figures for the American Woolen Company and a few small firms, for which estimates had been made in previous compilations. Stocks include wool, tops and noils. 8 Average of the last two quarters of 1920. * Average of the first three quarters of 1921. 5 Includes U. S. Government stocks. < Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. J i Average of the last three quarters of 1922. 43622°—23 4 50 COTTpN. Table 3.—INDEX NUMBERS. Based on data from Government sources. [Base year in bold-faced type; numerical data on opposite page.] YEAR AND MONTH. Production (crop estimate).4 STOCKS, END OF MONTH. Gln- Receipts into sight. Relative to 1909-1913 average. 1909-1913 monthly average. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average. 1919 monthly average. 1920 monthly average. 1921 monthly average. 1922 monthly average. 100 Imports. Exports. Relative to 1914. Relative to 1913. Mills. Warehouses. Relative to 1913. ElseStocks where un(com- 6 ginned.' puted). World visible, s Relative to 1914. Relative to 1913. 1OO 1OO 2 1OO 2 100 124 123 86 2 101 2 105 86 86 104 166 96 88 88 99 158 81 109 87 80 114 55 92 77 92 47 88 87 144 75 103 103 78 246 71 61 62 114 74 76 75 152 70 87 ConsumpTotal tion. domestic ginned. 100 97 97 111 117 113 100 111 85 102 100 171 161 141 100 97 99 100 127 100 100 100 100 177 248 123 144 182 166 77 112 116 105 140 153 139 111 153 146 83 91 177 108 192 234 86 116 155 119 174 164 95 131 205 88 255 263 112 148 165 106 213 152 45 104 94 1921. January... February. March April 43 118 83 76 252 66 138 68 82 262 49 134 52 91 244 50 May June July August.. 102 117 92 44 85 227 66 332 379 298 98 321 312 328 145 285 286 143 47 156 151 70 91 205 95 231 216 48 96 182 89 244 192 144 51 65 52 55 17 85 158 83 211 161 52 28 97 149 75 197 159 281 120 133 63 45 54 226 31 73 101 184 83 245 205 190 127 50 346 168 154 120 103 242 104 283 343 50 146 50 92 147 253 109 240 123 301 279 13 149 64 22 127 300 88 106 219 129 296 200 4 149 January... February. March April 76 207 65 109 197 124 263 175 140 40 270 47 98 181 118 239 157 126 45 295 63 108 159 116 213 118 116 37 74 84 134 109 182 83 110 May June July August.. 51 71 65 112 106 145 60 97 42 62 68 106 88 99 111 34 83 33 42 51 95 69 91 85 12 109 62 76 88 334 September.. October.... November. December.. 58 1932. 85 92 87 45 71 81 September.. October November. December.. 76 284 116 9 23 51 103 104 79 183 219 72 194 132 110 111 138 103 246 60 118 78 52 78 109 179 244 118 120 144 128 238 15 125 61 26 126 337 84 109 145 143 231 5 123 12 72 518 65 148 198 109 327 49 117 150 159 88 262 44 127 118 129 120 133 34 107 151 135 75 140 112 1923. January... February. March April 36 May.. June. July.. See footnotes on opposite page also. 1 Except receipts into sight, compiled by New Orleans Cotton Exchange, and world visible supply of American cotton, compiled by Commercial and Financial Chronicle. Production estimates from V. S. Department of Agriculture, Bureau of Agricultural Economics; imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; consumption and domestic stocks from U. S. Department of Commerce^ Bureau of the Census. Linters are not included in the statistics in this table, except in the exports. It should be noted that the monthly averages of stocks (except visible supply) and consumption are based on the crop year ending July 31 of the year stated, while for ginnings the average is for the crop grown in the year stated. Other averages are based on the calendar years. 2 These figures are for fiscal years ending June 30 of the year given; those following are for calendar years. * All bales are running bales counting round as half bales, except for imports which are given in equivalent 500-pound bales. 51 COTTON. Table 4.—NUMERICAL DATA. From Government sources*1 [Base year in bold-faced type; index numbers on opposite page.] YEAR AND MONTH. Production (crop estimate) . < STOCKS, END OF MONTH. Ginnings.5 Receipts into sight. Imports. Exports. Consumption. Total domestic ginned. Mills. Ware- Elsewhere (comhouses. puted).6 Stocks unginned.7 World visible.s Bales.3 I 1909-13 mo. av 13,033,235 1,077,758 1,346,275 1,761,029 4,125,050 1,305,575 1,766,241 1,053,233 2,666,879 3,256,082 466,447 7,054,911 1,326,773 3,116,900 2,611,238 3,275,139 4,448,002 585,810 533,134 6,650,295 1,704,731 3,197,001 1,748,565 2,047,505 3,470,325 23,103 401,570 565,709 5,799,680 1,890,108 2,690,708 1,218,872 1,841,476 2,756,811 930,820 18,781 342,696 547,207 5,724,746 1,500,619 2,689,271 1,534,856 2,204,884 2,826,666 1,050,988 29,226 546,432 480,495 7,301,170 1,454,170 3,382,971 2,463,863 2,287,925 3,601,306 940;762 49,999 513,261 534,978 6,374,867 1,595,339 3,056,972 1,722,556 2,542,491 4,063,364 1,036,637 23,137 540,435 407,723 8,437,245 1,181,390 4,484,135 2,771,712 2,983,776 4,588,529 30,953 510,814 492,485 6,788,292 1,430,645 3,755,328 1,602,318 1,198,281 3,230,285 1,228,320 24,024 605,381 366,463 10,402,402 1,263,961 5,645,482 3,492,959 1,256,228 793,739 28,055 493,426 395,115 10,816,949 1,327,155 5,503,139 3,986,655 4,670,831 1,203,092 2 20,309 2 727,048 482,194 1,325,487 1,035,730 a 20,558 2 763,775 468,840 11,191,820 922,348 1,256,604 33,798 696,583 1916 mo. av 11,499,930 946,993 1,186,402 32,064 1917 mo. av 11,302,375 937,354 959,945 1918 mo. a v . 12,040,532 992, * 7 1919 mo. a v . 11,420,763 943,794 1920 mo. a v . 13,439,603 1,195,914 1921 mo. a v . 7,958,641 664,815 1922 mo. a v . 9,964,000 810,754 984,931 January... 460,094 February. 1,256,228 1913 mo. av 14,156,486 1914 mo. av 16,134,930 1915 mo. av 3,094,382 1921. 4,821,886 March 589,856 27,282 375,180 438,218 10,046,779 1,336,542 5,252,852 3,457,385 4,475,521 April 607,218 18,731 319,933 409,247 9,350,944 1,315,706 5,026,894 3,008,344 4,434,379 May.... 845,725 10,542 477,389 440,714 8,456,753 1,280,723 4,738,267 2,437,763 6,668,667 June 659,900 9,849 495,590 461,917 7,526,072 1,203,364 4,300,386 2,022,322 4,454,124 607,788 3,452 598,962 410,142 6,534,360 1,111,147 3,723,213 1,700,000 620,214 5,631 423,491 467,059 6,146,788 1,006,066 3,463,964 1,676,758 7,491,991 3,723,986 3,944,690 4,108,428 July.... 8,433,000 August.. 8,203,000 485,787 September. 7,037,000 2,434,605 1,179,916 6,362 532,839 484,718 7,593,912 1,118,045 4,312,135 2,163,732 5,057,386 October 6,537,000 3,725,962 2,016,263 31,269 874,510 494,317 9,995,040 1,398,138 4,984,831 3,612,071 1,331,424 4,519,489 November.. 6,537,000 993,607 1,763,850 51,440 648,695 527,940 9,886,499 1,655,359 5,292,941 2,938,199 337,817 4,622,596 December.. 7,953,641 242,395 1,526,858 61,006 639,825 510,925 9,047,675 1,738,138 5,206,663 2,102,874 95,422 4,617,751 January... 30,096 914,329 42,093 475,910 526,698 8,137,761 1, 4,621,708 1,847,385 65,326 February. 65,326 478,213 54,761 338,440 472,336 7,464,656 1,595,242 4,214,862 1,654,552 1922. 4,322,285 3,890,580 March 536,624 59,957 461,484 519,761 6,556,720 1,557,023 3,752,258 1,247,439 3,592,532 April 443,759 15,115 612,659 443,509 5,546,080 1,461,340 3,213,483 871,257 3,398,909 May 608,951 14,320 469,397 495,337 4,611,822 1,420,428 2,559,451 631,943 3,000,680 June 506,575 12,607 491,079 509,218 3,640,993 1,330,903 1,953,478 356,612 2,567,689 392,922 8,587 373,742 458,002 2,831,553 1,218,388 1,488,165 125,000 546,895 14,481 273,308 527,404 2,574,783 1,024,994 1,549,789 8,911,877 2,839,888 July.... 11,065,000 August.. 11,400,000 September. 10,575,000 3,065,835 1,393,812 »4,628 368,890 495,344 4,282,756 1,065,117 3,217,639 5,846,042 2,228,591 October 10,135,000 4,256,833 2,331,478 26,816 798,664 533,950 5,709,672 1,379,770 4,329,902 1,589,209 3,637,150 November.. 10,135,000 1,178,305 2,155,597 49,550 858,337 577,561 5,919,520 1,721,425 4,198,095 410,904 3,876,414 December.. 9,964,000 280,763 1,510,011 68,525 607,853 527,945 5,996,240 1,921,295 4,074,945 130,141 3,811,650 872,132 105,215 473,436 610,375 5,468,294 1,986,605 3,481,689 3,359,121 410,188 66,329 359,657 566,924 4,826,397 2,021,903 2,804,494 2,733,781 53,219 318,210 623,105 4,412,334 2,034,535 2,377,799 2,335,063 262,753 877,396 1,889,218 1,966,441 817,171 1,597,056 1923. January... February. March April 130,141 May.. June. July.. See footnotes on opposite page also. « The yearly figures represent the latest revised estimates of total production for the year (not a monthly average). The monthly figures show the current estimates of total production as reported each month. J J ' *" * ~ ~ ' ' -1-1 '- ' J J Tith October. January figures cover the first 16 days of the month, ^ ^ _ ^ , and mill and warehouse stocks, and corrected at the end of each o o a j r f crop year by reports to the Bureau of theCensus. ' 7 Computed from total crop and ginnings to date. September figures are as of Sept. 25, January as of Jan. 16; otherwise as of last day of the month. • These figures represent world visible supply of American cotton. 9 Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. 52 COTTON MANUFACTURES. Table 5.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA, From commercial and trade sources,1 [Base year in bold-faced type.] COTTON ! CLOTH YEAR AND MONTH. Exports.3 Relative to 1913. FINE COTTON GOODS.* Pro- New Produc- Sales. duc- orders retion. tion. ceived. Relative to 1920. Relative to 1919. FINE COTTON GOODS.' COTTON CLOTH KNIT UNDERWEAR.^ UnCanShipcellaments. tions. Production. filled orders, Ex- 3 end of ports. mo. Thous. of yards. Relative to 6 months' average, J u l y - D e c , 1920. Sales. 1913 mo av '93 1915 mo. av Orders received. Shipments. SEE e £ o ? f Dozens. B.—NUMERICAL DATA. 1 * 100 Production. Number of pieces. A.—INDEX NUMBERS. 1914 mo. av KNIT UNDERWEAR.^ 117 237,062 I 2 34,572 43,195 1916 mo. av 139 51,687 1917 mo. av 172 63,719 1918 mo. av 122 M13 7 59 45,348 7 434,188 1919 mo. a v . . . . 154 100 1OO 56,920 383,523 1920 mo. av 184 90 26 1OO 6 1OO «1OO «1OO «1OO 68,311 346,238 116,693 591,450 1921 mo. a v . . . . 124 92 81 86 591 101 20 219 45,969 354,274 361,714 507,300 596,175 461,775 9,900 1,102,350 1922 mo. av 132 101 81 106 778 140 28 357 48,913 385,772 361,091 627,825 785,475 641,925 13,950 1,795,550 107 92 72 84 468 95 18 164 39,767 351,053 323,132 498,600 472,500 437,400 9,000 823,500 131 103 74 100 549 114 17 175 48,395 393,526 331,815 | 589,500 554,400 522,900 8,100 878,400 July 134 98 69 88 425 102 24 188 49,668 374,653 306,589 i 520 200 429,300 469,800 11,700 943,200 August 152 94 117 101 706 134 15 159 56,381 359,703 521,458 599,400 712,800 613,800 7,200 801,000 September 168 101 120 105 1,356 145 18 344 62,290 386,929 537,402 9,000 1,726,200 174 103 70 114 832 153 17 357 64,489 394,864 314,858 620,100 1,368,900 839,700 675,900 663,300 October 701,100 8,100 1,791,000 November 144 98 43 114 539 105 52 396 53,422 373,943 191,440 674,100 540,000 480,600 25,200 1,987,200 December 108 117 99 102 444 115 40 384 39,842 449,913 440,578 603,000 448,200 528,300 19,800 1,928,700 January 84 84 51 104 1,018 154 20 400 31,037 320,719 229,380 9,900 2,011,500 88 88 45 110 553 135 31 386 32,707 339,348 202,208 615,600 1,027,800 558,000 648,000 708,300 February 619,200 15,300 1,940,400 March 131 104 72 113 458 141 24 306 48,406 397,800 319,917 668,700 462,600 648,900 11,700 1,535,400 April 139 96 61 110 407 117 46 320 51,615 366,323 273,626 G48,000 411,300 535,500 22,500 1,606,500 May 163 170 163 135 99 105 78 262 17,100 1,458,000 21 91 111 253 9,900 1,269,900 72 105 630 20 39 314 500,400 598,500 710,100 823,500 1,316,400 290 347,368 518,068 93,964 322,396 18,900 35 60,448 62,850 60,238 50,068 378,974 695 109 130 155 179 39 116 113 110 807 Juno July. August 18,900 1,577,700 September 138 108 129 98 652 170 24 414,782 574,439 138 97 149 115 1,201 131 18 336 464 51,302 October 50,985 372,996 666,787 November 124 107 88 113 1,006 137 29 455 45,934 411,527 December 112 114 88 93 1,133 119 17 502 41,367 435,785 105 105 125 107 1,157 185 46 587 38,893 99 104 86 106 497 182 20 511 36,751 132 130 99 116 554 189 22 432 48,885 497,511 7 264,810 446,677 6 100,950 «459,000 6 49,900 6 502,350 1921. May. 1922. 98 107 404,202 375,944 410,858 667,800 814,500 649,800 701,100 540,000 784,800 619,200 636,300 780,300 11,700 1,687,500 603,000 9,000 2,332,800 393,453 657,900 579,600 681,300 1,212,300 666,900 1,015,200 629,100 14,400 2,286,900 391,480 549,000 1,143,900 546,300 8,100 2,523,600 401,786 556,440 22,500 2,950,200 383,818 635,400 1,167,300 501,300 626,400 8.50,500 399,024 837,000 9,900 2,567,700 440,066 688,500 558,900 865,800 10,800 2,168,100 1923. January February March April May June :::::::::: July i 1 Except exports of cotton cloth from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The figures for knit underwear are secured from " ' ' ' *' ' the Knit-Goods Manufacturers of America,:; those relating to fine cotton goods -from the Fine Cotton Goods Exchange. „ „ --• »These figures are for fiscal years ending June 30 of the years specified: others are for calendar years. ires «Includes duck and other cloth, bleached, unbleached, and colored. Beginning with January, 1921, the figur are reported in square yards instead of linear yards, which probably makes the figures slightly smaller than when given in linear yards. « Reported by 24 identical mills in the New Bedford district, representing about 50 per cent of this industry in New England and from 20 to 30 per cent throughout the United States. 6 Prorated from percentages of normal production, as reported by the association, representing mills of an estimated normal production of 900,000 dozens per month. Reports on production cover from 50 to 60 mills, while for other items the reports cover from 30 to 40 mills. « Average for last six months of year. » Nine months' average, April to December. ll_ „ T__ _ OA _ * J - 1 _ _ _ _ _. .-. _± £3 _ .J • n i l n A o n AHA ^A« M n 1 AM J\ A * • WAA Mf« 53 MISCELLANEOUS TEXTILES. Table 6.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government and non- Government sources.1 [Base year in bold-faced type.] ELAS- FIBERS TIC (unmanuWEBfacBING. tured).4 RAW SILK. Y E A R AND M O N T H . Imports. 2 Rel. to 1913. Consumption.s Stocks, end of month. Relative to 1920. A.—INDEX 1909-1913 monthly average. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average Sales. Relative to Thous. of pounds. 1909-1913 averag Stocks, end of month. FIBERS (unmanufactured).4 BURLAP. Imports. Long tons. Thous. of pounds. 28,613 32,596 32,960 32,769 41,060 33,922 40,653 36,366 36,890 47,398 39,514 45,185 Thous. of yards. Bales. B-NUMERICAL DATA. 100 114 115 115 100 90 109 120 144 100 112 108 100 95 2,850 2,566 3,094 3,406 120 107 109 140 117 133 3,619 4,060 4,627 3,308 4,377 82 96 75 46 92 98 87 85 61 56 43 38 187 166 140 195 41 52 54 63 95 119 192 210 199 174 72 89 92 96 195 203 188 214 92 87 77 56 37,917 36,519 34,047 32,147 317,830 51,312 4,825 26,941 30,635 21,315 32,350 12,620 11,593 13,778 33,318 31,886 27,274 33,817 20,410 22,gl5 128 108 99 101 4,829 4,307 5,936 5,763 27,209 33,846 32,325 32,790 20,541 15,521 17,866 18,899 11,197 12,553 11,353 12,894 23,486 27,537 21,401 13,264 43,513 36,721 33,557 34,350 41 37 39 93 89 148 128 5,445 3,808 4,729 6,746 31,229 26,816 24,955 20,930 23,036 19,304 19,601 24, 804 12, ,\ , 14,41c 12,830 12,567 11,760 10,713 11,126 25,110 31,409 30,233 50,064 43,462 79 80 84 76 51 65 97 53 111 92 122 110 4,593 3,801 3,406 3, 0S7 33,842 22,107 26,651 24,247 31,139 28,982 22,077 19,268 11,605 11,835 12,307 11,147 14,612 18,462 27,874 15,212 37,781 31,345 41,240 37,200 87 111 77 83 58 72 165 214 108 76 4,602 5,077 4,102 5,982 33, 284 29,529 24,996 34,772 20,826 26,895 27,474 32,515 12,758 16,334 13,915 17,561 22, 120 23,648 16,500 20,542 56,007 72,503 36,575 25,747 100 96 100 97 577 t 4,230 > 7,826 5,702 5,428 34,212 37,471 36,467 129 5 118 150 162 111 31,042 36,795 45,893 47,159 49,174 14,753 14,147 14,716 14,260 * 22,145 29,065 26 553 37,045 100 93 117 165 180 5,603 34,680 36,231 33,51.") 38,193 47,087 44,615 39,436 28,657 14,147 13,713 17,223 47,106 3 1OO 151 172 1OO 42 63 May.... June July.... August. 169 151 208 202 153 190 181 184 40 30 35 37 76 September.. October November.. December.. 191 134 166 237 175 150 140 117 45 38 38 48 January.. FebruaryMarch April 161 133 120 108 190 124 149 140 May.... June July.... August. 164 178 144 210 * 148 275 200 190 average.. average.. average.. average.. average-. average.. Consumption.3 Imports. 2 NUMBERS. 127 142 162 116 154 169 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly ELASTIC WEBBING. Imports. Sales. Rel. to 1919 RAW SILK. BURLAP. 1OO 79 94 116 111 95 118 71 li,7O7 1921. 85 77 88 1922. September.. October November.. December.. 102 93 & 40,100 51,038 55,067 37,613 1923. January... February. March April 61,013 May.. June. July.. 1 1 mports of total raw silk, unmanufactured fibers and burlap are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; consumption and stocks at warehouses of raw silk are from the Silk A ssociation of America; sales of elastic webbing are from the Webbing Manufacturers Exchange. > Total unmanufactured silk, including raw silk, cocoons, and waste. 3 Consumption figures represent withdrawals from warehouses. Note that February to December, 1920, inclusive, is used as the base period. «Includes flax, hemp, istle, jute, kapok, manila. New Zealand flax, sisal, etc. B Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. 54 ACTIVE TEXTILE MACHINERY. Table 7.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type.] COTTON.3 WOOL.* YEAR AND MONTH. Woolen Worsted spindles. spindles. Wide looms. Narrow looms. Woolen Worsted Wide Carpet | Active looms. ! spindles. spindles. spindles. looms. Relative to 1913. average.. average.. average.. average.. average.. « 100 101 110 116 121 « 100 104 100 122 115 « 100 99 95 116 116 * 100 126 121 100 102 102 105 109 78 85 89 93 4 74 77 74 90 85 4 74 73 70 86 86 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average.. average. average. average.. average.. 118 105 88 94 108 108 104 100 114 105 119 105 90 79 99 82 118 111 111 114 109 109 91 81 68 72 83 80 77 74 84 78 88 78 64 71 93 118 104 96 97 100 53 77 91 105 118 62 77 86 100 70 79 90 97 74 59 63 104 107 106 108 41 53 68 76 57 67 78 87 46 96 Carpet looms. Active spindles. Thousands. B.—NUMERICAL DATA. 99 104 118 109 105 Narrow looms, Per cent of active to total. A.—INDEX NUMBERS. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly COTTON.3 WOOL.2 * 100 <73 77 70 92 «68 67 71 80 74 30,246 30,920 30,720 31,807 32,984 61 54 67 56 33,624 33,429 34,458 33,071 33,086 51 58 66 71 50 40 43 46 31,509 32, 497 32,148 32,597 47 49 50 32,836 32,665 32,446 32,931 76 70 71 73 1921. January.. February., March April , 57 64 74 May.... June... July.... August. 103 104 103 101 122 122 118 124 108 109 108 105 103 103 104 99 108 108 107 109 79 80 79 78 90 90 87 92 80 81 80 78 75 September. October November.. December.. 101 104 101 97 123 124 122 118 103 104 99 95 104 103 107 108 101 107 109 109 112 113 114 114 78 80 78 75 91 92 90 87 76 74 75 78 79 95 104 109 108 116 116 101 84 93 100 100 115 116 116 116 114 112 105 104 73 80 84 83 86 86 75 62 112 112 109 108 91 92 92 101 85 86 92 99 93 115 115 115 116 105 105 106 107 86 86 84 83 110 109 109 110 109 120 122 120 97 104 109 109 104 108 112 114 121 122 124 125 110 112 115 116 85 84 84 85 110 113 117 122 123 127 109 112 116 118 118 118 126 125 128 117 117 117 85 87 90 75 74 72 74 33,875 34,206 34,428 34,439 60 78 79 79 79 34,441 33,755 31,873 31,390 67 68 68 75 63 64 64 65 78 78 78 79 31,653 31,877 31,975 32,499 81 89 90 72 77 81 81 82 83 84 85 33,297 33,859 34,665 34,968 86 85 87 35,241 35,308 35,501 35,516 77 73 70 73 74 1922. January.. February.. March April May.... June.. . July.... August. September. October November.. December.. 65 1923. January.. February. March April May.. June. July.. 1 Data from 77. S. Department of Commerce, Bureau of the Census. 2 Formerly reported as of the first of the following month representing previous month's operations but now reported as of the month to which the figures apply. In the present table each figure shows the activity for the month to which it is credited. a The monthly averages are for cotton crop years (beginning Aug. 1 and ending July 31). Figures opposite any one year represent the monthly average number of active cotton spindles for the period beginning Aug. 1 of the preceding year. « Data for 1913 collected by the National Association of Wool Manufacturers. 55 HOURLY ACTIVITY IN TEXTILE MACHINERY. Table 8.—(A) INDEX NUMBEKS AND (B) NUMERICAL DATA, Based on data from Government sources.1 [Base year in bold-faced type.] WOOL. 2 WOOL. 2 Spinning spindles. Looms. WIDE. NARROW. CARPET cards. AND RUG. WOOL- WOR- Spinning spindles. Looms. Sets of Combs. Y E A R AND MONTH. WIDE. Relative to 1921. NARROW. CARPET AND RUG. 100 1922monthly average. 100 102 100 100 150 124 Sets of cards. Combs. WOOLEN. WORSTED. Total Activity activity spindle of in spindles place. Millions of hours. Hours. Per cent of active hours to total reported. A.—INDEX NUMBERS. 1921 monthly average. COTTON. B.—NUMERICAL DATA. 100 102 100 100 68.8 120 96 68.4 63.9 65.3 51.3 76.9 71.5 89.1 71.9 90.8 81.9 78.6 7,723 1920. October 67 108 76 74 75 45.9 52.3 55.3 54.1 61.6 53.3 61.5 November 59 105 60 55 64 57 40.3 39.6 53.8 42.9 49.0 46.1 46.6 December 48 45 83 47 42 44 30 33.3 28.8 42.5 33.9 37.1 31.6 34.8 1921. January 44 52 71 50 55 49 55 30.0 33.3 36.5 35.7 49.0 35.5 44.7 February 80 67 70 69 83 69 76 54.7 42.9 36.1 49.4 73.8 49.5 62.1 82 70 90 100 92 91 61.7 52.7 35.7 64.2 88.7 65.9 74.3 74 105 106 107 106 73.4 63.2 38.0 75.0 94.6 77.1 86.5 March 90 April 107 May.... 116 109 86 112 111 113 109 80.1 69.9 44.1 80.2 98.6 81.4 89.6 June 120 115 92 115 108 114 114 82.5 73.7 47.1 82.1 95.9 81.8 93.4 July.... 115 110 82 111 98 111 105 79.2 70.6 42.1 79.4 87.4 80.0 85.7 August.. 111 108 112 110 102 110 108 76.7 69.0 57.4 78.9 91.2 78.8 88.5 7,320 200 September. 108 113 128 110 110 110 113 74.2 72.5 65.5 79.0 97.6 79.1 92.2 7,379 202 October 109 114 136 115 112 114 112 75.1 73.0 69.9 82.0 99.5 81.7 91.9 7,583 207 November. 104 116 142 110 105 109 107 71.3 74.3 72.7 78.8 93.8 78.1 87.4 7,689 210 113 137 102 111 103 105 67.1 72.2 70.3 72.9 9a 6 74.4 86.2 7,726 210 215 December.. • 1922. January 94 106 148 105 108 104 105 64.8 68.0 76.1 75.4 96.3 74.6 86.1 7,932 February 96 107 150 118 109 113 101 65.9 68.1 76.9 84.4 97.2 81.6 82.7 7,120 193 March 92 99 152 124 92 119 86 63.1 63.5 78.2 88.4 82.3 85.9 70.8 7,779 211 April 85 84 146 121 82 118 76 58.4 53.4 74.8 86.2 72.7 84.8 62.1 6,636 180 May.... June July.... August.. 91 93 91 92 123 125 120 120 89.7 79.2 88.6 65.3 7,493 203 91 90 91.0 81.2 68.5 7,646 207 88.2 80.4 66.1 7,045 191 88.8 85.5 71.4 8,033 217 147 125 141 127 137 123 150 94 124 80 62.4 55.2 84 63.8 59.9 81 62.8 62.5 75.5 72.1 70.4 87 63.6 58.3 76.8 86.2 September. 105 112 158 128 105 123 103 72.4 91.3 93.2 88.1 84.0 7,761 209 114 122 144 131 119 126 115 78.6 71.3 77.7 80.9 October.... 74.0 93.8 3106.4 90.6 94.0 8,289 223 November. 116 114 163 131 3 125 125 114 80.0 72.7 83.7 93.7 3 111.4 89.7 93.7 8,710 234 December.. 123 115 162 132 3 116 126 120 84.5 73.3 83.3 94.4 3 103.8 90.5 98.6 8,228 221 249 1923. January 126 131 168 133 3 116 127 116 86.7 83.7 86.3 95.1 3 103.0 91.6 95.4 9,266 February 116 116 160 ! 133 105 132 117 79.7 74.3 81.9 95.0 93.3 94.6 95.8 8,449 227 March 135 134 170 ! 145 132 137 125 92.9 85.7 87.1 <103.9 3 117.2 98.6 102.1 9,531 255 April May.. June.. July.. 1 Compiled by 77. S. Department of Commerce, Bureau of the Census. Formerly reported as of the first of t h e following month representing previous month's operations b u t now reported as of the month to which the figures apply. In t h e present table each figure shows the activity for t h e month to which i t is credited. 3 Overtime was reported sufficient t o offset all idle hours and leave a n excess for October of 34,775 hours, or 6.4 per cent, for November of 65,380 hours, or 11.4 per cent, for December an excess of 20,427 hours, or 3.8 per cent, for J a n u a r y 16, 994 hours, or 3 per cent, a n d for March 98,726 h o u r s , or 17.2 per cent. * Overtime was reported sufficient t o offset all idle hours a n d leave a n excess for March of 62,490 hours, or 3.9 per cent. & Overtime was reported sufficient to offset all idle hours a n d leave an excess for March of 11,720,315 hours, or 2.1 per cent. 1 56 TEXTILE WHOLESALE PRICES. Table 9.—INDEX NTJMBEES. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] COTTON.8 YEAR AND MONTH. COTTON YARN. COTTON GOODS. Carded, white, Middling Price to upland, northern, producer, mule spun, New all grades. York. 22/1 cones, Boston. Print cloth, 27", Boston. WOOL.2 UnSheetings, Ohio, washed, fine, un4/4 Ware price to Shoals, washed, producer, LL, New York. all grades. Boston. WORSTED YARN. WOMEN'S DRESS GOODS. 3/32's crossbred stock, Boston. Storm Wool-dyed, serge, all blue, Japanese, wool, 55/56", Kansai double MiddleNo. 1, warp, 50", sex, New York. New York. New York. SUITINGS. SILK, RAW. Relative to 1913. 1913 monthly av.... 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av 100.0 88.3 74.1 112.5 179.1 100.0 94.6 79.4 113.1 183.7 100.0 88.0 81.0 120.0 181.2 100.0 88.1 83.5 121.5 192.2 100.0 91.2 84.0 117.6 192.7 100.0 105.3 134.7 165.2 282.6 100.0 109.1 122.7 140.9 250.0 100.0 82.4 101.4 135.2 200.8 100.0 88.9 99.1 135.4 193.4 100.0 94.4 101.2 127.8 204.4 100.0 101.5 91.2 133.7 150.9 1918 monthly av 1919 monthly av 1920 monthly av 1921 monthly av.... 1922 monthly a v — 245.8 246.6 267.5 102.5 143.3 248.5 253.9 264.9 118.8 165.9 267.5 240.8 283.8 133.3 160.5 327.5 287.0 363.8 146.3 189.9 317.3 273.5 343.5 143.0 168.4 346.1 305.3 228.3 101.1 173.6 290.9 277.3 277.3 140.9 200.0 271.5 209.5 234.9 151.7 181.9 260.4 234.2 238.3 156.6 149.0 261.5 259.5 270.5 182.8 200.7 172.3 244.0 227.4 165.8 198.4 1921. January February March April 95.8 98.3 85.8 78.3 130.6 108.7 92.1 94.9 135.6 129.8 114.2 112.2 167.5 153.0 130.4 124.1 155.2 150.8 141.9 124.3 117.3 118.5 113.1 107.1 140.9 140.9 150.0 150.0 148.1 148.1 154.5 154.5 186.2 157.3 157.3 157.3 198.1 198.1 198.1 198.1 158.9 157.5 161.6 158.9 May June July August 78.3 81.6 80.0 81.6 101.1 94.1 96.6 108.6 115.4 116.7 112.6 122.3 124.1 124.1 124.3 136.8 119.9 115.8 115.8 117.6 95.8 92.2 92.8 92.2 145.5 140.9 131.8 127.3 160.9 154.5 148.1 148.1 157.3 157.3 157.3 157.3 189.3 189.3 189.3 183.5 154.8 157.5 157.5 148.1 105.0 165.0 147.5 • 135.0 159.8 154.0 142.3 143.4 160.0 170.2 160.0 154.2 168.4 185.5 174.0 167.5 151.6 167.6 172.0 173.5 92.8 94.6 93.4 101.1 131.8 131.8 131.8 140.9 148.1 148.1 148.0 160.9 157.3 146.5 144.9 144.9 183.5 183.5 183.5 183.5 164.3 165.6 197.0 209.0 1922. January February March April 136.6 129.1 132.5 133.3 140.0 141.2 143.2 141.5 147.5 141.6 142.5 141.3 167.5 163.2 173.0 173.3 159.6 159.6 156.7 147.7 107.7 133.5 149.7 148.5 159.1 172.7 177.3 172.7 164.5 167.4 160.9 167.4 144.9 144.9 144.9 144.9 183.5 183.5 183.5 183.5 185.8 180.4 165.6 179.1 May June July August 132.5 155.8 170.0 172.5 162.9 172.7 174.6 171.1 149.4 161.4 166.4 169.5 184.9 188.4 190.7 187.5 150.8 162.2 172.0 174.1 173.7 196.4 194.6 189.2 186.3 213.6 218.2 218.2 173.8 183. 7 180.3 180.3 144.9 144.9 144.9 144.9 198.1 198.1 198.1 212.6 197.9 200.6 193.9 195.2 September October November December.. . 175.8 166.7 186.7 198.3 167.9 178.0 200.1 201.0 166.5 171.2 182.6 186.0 190.7 207.5 222.9 223.2 175.6 176.4 190.1 195.6 189.2 192.8 198.8 211.4 218.2 227.2 231.8 227.2 186.7 193.1 212.4 212.4 144.9 146.4 168.9 168.9 212.6 212.6 221.4 221.4 1923. January Februarv March April 204.2 216.0 230.8 236 6 214.7 226.4 239.9 226.3 191.5 196.7 202.9 199.8 227.3 231.9 237.7 229.3 197.1 205.5 208.3 210.4 211.4 211.4 223.3 236.0 236.0 231.8 . 231.8 218.9 225.3 225.3 225.3 168.9 176.4 184.0 184.0 221.4 227.2 227.2 227.2 September October November December . May July "j I li 1 See footnotes on opposite page. ! 210.0 228.9 216.8 226.2 224.8 241.0 237.0 255.8 i 57 TEXTILE WHOLESALE PRICES. Table 10.—NUMERICAL DATA. From Government sources,1 [ Base year in bold-faced type; index numbers on opposite page.] COTTON.2 YEAR AND MONTH. COTTON YARN. Per yard. SO. 1 2 0 $0,128 $0,248 1914 monthly a v . . . . .106 .121 .218 WORSTED YARN. WOOL.* Carded, white, Sheetings, Un4/4 Ware washed, Price to Middling Northern, Print mule producer, upland, cloth, 27", shoals, price to all grades. New York. Boston. spun, producer, LL, 22/1 cones, New York. all grades. Boston. Per pound. 1913 monthly av COTTON GOODS. Ohio, fine, unwashed, Boston. 2/32's crossbred stock, Boston. $0,035 .030 .029 .042 .066 $0,061 .056 .052 .072 .118 Per yard. .195 .168 .210 .087 .103 $0.22 .24 .27 .31 .55 $0,777 $0,563 .640 .500 .788 .557 .290 .64 .61 .61 .31 .44 $0,167 .176 .225 1915 monthly a v . . . . .089 .102 .198 .135 .145 .297 1917 monthly a v . . . . .215 .235 .449 1918monthly a v . . . . .295 .318 .662 1919monthly a v . . . . .296 .325 .596 1920 monthly a v . . . . .321 .339 .703 1921 monthly a v . . . .123 .152 .331 1922 monthly av .172 .212 .397 .113 .099 .126 .051 .066 .115 .167 .336 .058 .095 .196 .31 .118 .139 .321 .053 .093 .198 .31 .103 .118 .283 .045 .087 .189 .33 1.200 .094 .121 .278 .043 .076 .179 .33 May.... June July.... August.. .094 .129 .043 .074 .160 .098 .120 .289 .043 .071 .154 .096 .124 .279 .043 .071 .098 .139 .303 .047 September. October.... November. December.. .126 .204 .396 .058 .198 .197 .421 .064 .276 SUITINGS. SILK, RAW. Storm serge, all Wool-dyed Japanese, blue, Kansai, wool, 55/56", No. 1, double Middlesex, New York. warp 50", New York. New York. Per pound. 1916 monthly av 1921. January February March April WOMEN'S DRESS GOODS. Per pound. $1,545 1.459 1.564 1.974 3.158 $3,640 3.694 3.318 4.867 5.494 6.273 8.880 8.273 6.035 7.219 1.050 .762 1.556 1.088 2.109 1.465 1.627 1.318 1.825 1.340 4.040 4.009 4.179 2.933 3.101 1.150 1.047 3.060 5.782 1.150 .885 3.060 5.733 .885 3.060 5.880 1.200 3.060 5.782 .32 1.250 2.925 5.635 .31 1.200 2.925 5.733 .155 .29 1.150 2.925 5.733 .072 .154 .28 1.150 2.835 5.390 .093 .155 .29 1.150 .885 2.835 5.978 .103 .158 .29 1.150 .824 2.835 6.027 .472 .578 .510 .381 .169 1.179 1.413 .177 .182 .397 .060 .105 .156 .29 1.150 .815 2.835 7.154 .162 .183 .382 .058 .107 .169 .31 1.250 .815 2.835 7.595 .163 .179 .365 .058 .098 .180 .35 1.278 .815 2.835 6.762 .155 .181 .351 .056 .098 .223 .38 1.300 .815 2.835 6.566 1922. January February March April .159 .183 .353 .060 .096 .250 .39 1.250 .815 2.835 6.027 .160 .181 .350 .060 .091 .248 .38 1.300 .815 2.835 6.517 May.... June July August.. .159 .187 .204 .207 .208 .221 .223 .219 .370 .400 .412 .420 .064 .065 .066 .065 .093 .100 .106 .107 .290 .328 .325 .316 .41 .815 .815 3.060 3.060 3.060 3.285 7.203 .47 .48 .48 1.350 1.427 1.400 1.400 September. October.... November.. December.. .211 .215 .412 .066 .108 .316 .48 1.450 .815 3.285 7.644 .200 .228 .424 .072 .108 .322 .50 1.500 .824 3.285 8.330 .224 .256 .452 .077 .117 .332 .51 1.650 .950 3.420 7.889 .238 .257 .460 .077 .120 .353 .50 1.650 .950 3.420 8.232 1923. January February March April .245 .275 .474 .259 .290 .307 .502 .284 .260 .495 .815 7.301 7.056 7.105 .121 .353 .52 1.700 .950 3.420 8.183 .126 .353 .52 1.750 .993 3.510 8.771 .082 .128 .373 .51 1.750 1.035 3.510 8.624 .079 .129 .51 1.750 1.035 3.510 9.310 .078 .487 .277 .815 May. June. July. of prices received by producers throughout the United I Economics. All other prices are averages of weekly quotations compiled by the U. S. Department of Labor Bureau of Labor Statistics, except wool prices from compilation by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, until June, 1922, and beginning with June, 1922, compiled by U. S. Department of Commerce, Bureau of the Census. 8 The prices of cotton and wool to the producer represent a composite of all grades as they come from the farms. The market prices, especially in the case of wool, are quoted on a specific grade above the average and include handling and transportation charges. 58 PIG IRON. Table 11.—INDEX NTTMBEBS. Based on data from Government and non-Government sources*1 [Base year in bold-faced type; numerical data on opposite page.] MERCHANT PIG IRON. IRON ORE MOVE-3 MENT. At Sault Ste. Marie Canals. YEAR AND MONTH. Stocks on hand. PRODUCTION. Production. Sales. 1918 monthly average 1919 monthlv avpracre 1920 monthlv average 1921 monthly average 1922 monthly average . .. 100 65 ! 94 132 i Unfilled orders. Relative to 1914. 100 75 97 100 100 100 100 Meltings.* Pig iron. Foundry, No. Basic 2 North- (valley furern nace). (Pittsburgh). 124 126 126 100 133 129 145 186 118 119 155 125 176 263 Composite iron.8 Relative to 1913. 100 87 93 132 259 100 127 98 ... Steel plants making some merchant iron. WHOLESALE PRICES. Relative to 1921. 128 . Merchant furnaces only. Relative to 1913. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average Shipments. OHIO FOUNDRY IRON. 100 88 93 134 265 221 «1OO 53 »1OO 250 215 189 281 157 169 100 88 92 132 259 222 47 54 44 44 57 85 88 87 71 109 99 84 63 38 84 43 May June July August 34 48 39 34 54 85 91 112 93 158 150 159 83 42 36 24 43 78 92 116 95 149 141 150 54 34 32 40 38 77 140 26 63 60 80 80 117 132 37 113 95 138 55 92 84 137 124 132 September October November 45 38 29 85 67 87 130 136 38 61 91 79 77 • 72 126 143 49 79 69 85 40 143 131 137 6 55 54 48 78 72 67 79 117 142 129 136 64 63 64 61 71 72 93 100 137 127 132 64 60 69 71 69 76 95 112 133 123 132 64 51 79 76 70 125 153 104 82 151 193 121 67 89 96 130 80 72 71 122 1 81 65 240 114 114 59 82 234 131 142 136 125 135 188 194 287 284 148 156 165 161 1921. . 1922. January . . . . March April , 17 117 123 109 44 69 239 161 167 155 75 111 106 41 49 170 158 66 115 32 165 159 51 68 89 21 38 24 163 71 95 82 245 283 162 94 83 74 348 202 181 180 83 79 58 55 77 71 80 57 64 16 229 210 210 206 46 111 102 72 89 112 303 297 211 103 20 21 222 73 57 25 25 306 185 189 191 121 September October November December 66 92 111 July ... August 90 83 112 May . . June 113 245 114 88 30 41 295 171 169 173 40 38 35 35 287 327 402 180 175 177 183 179 181 16 1923. 126 February March . April 121 152 127 95 117 115 209 130 138 133 279 159 116 147 36 37 32 139 141 67 154 126 35 202 205 197 205 211 204 May July. See footnotes on opposite page also. Iron ore movement from the U. S. War Department, Engineer Corps;figuresfor pig-iron production (anthracite and coke, not including charcoal iron) furnished by the Iron Age; merchant pig iron by the American Pig Iron Association, representing about 60 per cent of total merchant production and about 90 per cent of production in strictly merchant furnaces: Ohio foundry iron by Ohio State Foundrymen's Association; wholesale prices, average of weekly quotations, from U. S. Department of Labor, Bureau of Labor Statistics, except composite pig iron, which is compiled by the American Metal Market. 8 No allowance made for seasonal variation in computing these index numbers. Thefiguresrepresent the total iron ore movement, both for the United States canal and the Canadian canal which is equivalent to about 85 per cent of the total iron ore production of the United States. Figures for 1913 to 1922 represent monthly averages computed from the total movement for the year on a six months' basis during the equivalent of which period th^ cotal movement takes place. The canals, however, are open irom April to December, inclusive ; and the monthly data here shown covers the entire season during which the canals are open. 59 PIG IRON. Table 12.—NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] MERCHANT PIG IRON. IRON ORE MOVEMENT. 2 Stocks on hand. j PRODUC! TION. At Sault Ste. Marie YEAR AND MONTH. Production. Sales. Shipments. Unfilled orders. Canals. 8,018,226 5,235,628 7,535,601 10,575,351 10,229,015 1915 mo. a v . . 1916 mo. av 1917 mo. av 2,560,342 1,920,813 2,471,881 3,253,280 3,182,165 10,091,883 7,820,465 9,463,416 3,765,887 7,037,890 1913 mo. av 3,208,837 2,548,573 3,034,510 1,378,641 2,240,021 503,450 586,016 168,494 269,513 1918 mo. a v . . . . . . 1919 mo. av 1920 mo. av 1921 mo. av 1922 mo, a v . Steel plants making some merchant MeltIngs. 4 iron. Pig iron. Foundry No. 2 North- | em (Pitts- ! Basic (valley furnace) Composite iron. 6 Dollars per long ton. $16.00 13.90 14.87 21.07 41.39 §14.75 12.88 13.74 19.76 38.90 $15.42 13.52 14.15 20.31 39.99 20.71 51.82 34.46 30.31 44.90 25.13 27.03 32.51 27.70 42.25 21.74 24.26 34.38 29.91 43.80 24.05 24.81 210,243 219,175 213,672 179,431 19.34 19.64 16.67 24.14 25.36 23.84 22.09 21.86 22.00 20.75 19.38 18.20 24.47 23.08 21.57 20.29 598,700 522,047 510,990 547,708 160,457 145,327 148,540 174,842 U4.94 26.09 24.20 20.80 22.% 22.96 22.66 21.96 19.13 19.19 19.00 18.63 20.99 21.15 20.92 20.42 894,961 911,065 1,070,027 1,484,267 580,263 546,403 539,363 445,216 179,216 167,805 180,912 154,202 23.13 31.17 39.97 48.40 21.26 20.84 20.96 22.71 18.15 17.75 17.94 20.00 20.42 19.31 19.26 20.77 24.60 332,724 i 1,305,073 759,572 425,425 412,697 145,854 360,379 483,511 585,653 189,477 330,549 2,432,964 3,435,852 1,111,934 1,093,545 480,650 289,145 634,959 323,645 188,422 100,741 148,945 135,892 121,469 99,227 113,682 80,283 132,821 208,227 178,575 144,198 127,137 200,181 1,103,487 1,012,307 1,004,149 1,040,857 693,270 698,600 702,289 637,820 108,432 143,762 203,145 240,484 279,938 201,604 157,487 210,485 224,280 304,325 258,725 201,485 1,131,668 1,026,769 942,829 924,922 228,467 260,094 504,631 791,970 234,987 251,348 346,571 378,884 378,925 | 329,964 WHOLESALE PRICES. burgh). I Per cent of normal. Long tons. Short tons. 1914 mo. a v . . . . . . Merchant furnaces only. OHIO FOUNDRY IRON. ! 1921. | August 4,384,949 1,221,221 1,064,833 864,555 954,193 September. 3,610,454 3,209,886 493,122 985,529 1,246,676 1,415,481 May ...j 2,747,361 June ...| 6,640,152 July .....I 4,356,760 October November. M December.. 1922. January February... March April 80,634 2,072,114 228,667 192,804 252,957 246,884 May June — July August.. 1,379,850 6,617,660 8, 942, 659 8,936,377 2,306,679 2,361,028 2,405,365 1,816,170 250,089 282,961 251,612 191,965 386,736 273,461 244,666 222,842 407,856 368,222 381,636 295,899 1,420,713 1,378,223 1,240,206 1,065,280 333,613 309,079 244, 808 158,877 130,865 93,407 70,907 45,366 49.48 50.75 58.54 71.97 25.76 25.96 26.02 32.37 24.25 26.60 23.91 24.29 24.54 24.74 September October November December 6,658,148 5,871,802 3,658,414 10,864 2,033,720 220,882 301,295 386,069 427,975 181,832 186,583 236,382 256,354 295,802 370,992 378,039 929,205 834,322 739,355 1,154,914 150, 524 156,908 187,562 231,129 30,943 30,679 47,855 76,737 62.68 61.42 63.32 61.02 36.65 33.57 29.65 27.40 32.63 30.90 27.75 24.81 32.48 31.82 29.46 26.73 459,208 437,010 503,155 532,956 502,936 688,931 919,971 220,114 424,021 432,894 529,600 513,979 1,243,327 1,516,489 1,917,505 1,642,630 275,094 278,531 246,027 264,578 75,142 72,519 65,438 66,510 59.34 67.80 83.20 28.77 29.27 32.27 32.77 25.80 26.25 3013 31.00 27.31 27.98 30.36 31.44 i 1,644,951 1,629,991 2,035,794 j 1923. January February... March April 2,637,844 2,849, 703 3,086,898 3,229,604 2,994,187 3,521,275 2,547,551 25.00 j May.. June. July-. See footnotes on opposite page also. Eleven months' average, February-December, 1921. < Represents percentages of actual to normal melt of gray iron 'oundries in Ohio. Prior to September, 1921, reports represent the month beginning with the 15th day of the calendar month. September, 1921, figures are for the period Sept. 15 to 30 only. Subsequent figures are for calendar months. * Ten months' average, March-December, 1921. • The composite pig iron price compiled by the American Metal Market is the average price of 10 tons of iron distributed as follow*: One ton each of Bessemer Valley; No. 2 foundry valley; No. 2 X foundry at Philadelphia and at Buffalo; No. 2 foundry at Clevelend and at Chicago; two tons each of basic valley and No. 2 Southern foundry, Cincinnati.' 7 Less than one. 3 60 CRUDE STEEL. Table 13.—INDEX NUMBERS. Based on data from Government and non-Government sources, [Base year in bold-faced type; numerical data on opposite page.O STEEL COMMERCIAL U. S. STEEL INCORP.2 GOTS.* STEEL CASTINGS.* SHEETS—BLUE, BLACK, AND GALVANIZED. 3 •g 03 1 r 3 © H i sat 1 tn 1 1 YEAR AND MONTH. WHOLESALE PRICES. 28^ ft P Relative to Relative to 1920. 1913 m o . av.. 1914 m o . av. 1915 m o . av.. 1916 m o . av.. 1917 m o . av.. 1OO 75 103 137 144 90 67 94 175 98 100 70 88 100 52 95 100 78 87 165 181 243 215 1918 m o . av., 1919 m o . av.. 1920 m o . av., 1921 m o . av., 1922 m o . av., 142 111 135 64 110 1OO 36 100 153 37 100 36 125 146 101 170 90 96 136 105 129 68 74 100 50 111 100 95 97 May June July August 55 45 36 52 28 29 24 28 24 28 18 26 31 30 28 29 87 82 77 68 60 45 57 62 50 29 55 101 105 93 September.. October November.. December.. 53 73 75 65 35 50 61 45 38 66 78 54 34 39 50 39 77 73 72 72 63 72 51 40 62 77 75 48 1922. January February March April 75 82 112 115 52 56 72 114 76 70 90 176 36 47 61 74 72 70 76 41 54 74 68 May.... June... July.... August. 128 124 117 104 117 135 100 96 161 195 122 82 95 85 105 September. October November.. December.. 112 135 136 131 148 115 92 104 214 129 83 107 1923. January February March April 153 138 160 156 157 136 217 181 150 288 1913. Relative to 1920. Relative to 1913, !S3 a Relative to 1913. 170 271 100 83 93 177 269 100 87 94 154 266 100 88 95 163 259 100 86 92 161 202 174 187 131 115 215 191 249 155 144 220 193 211 156 134 213 188 222 152 134 252 100 841 514 100 51 106 100 54 145 100 34 50 183 157 218 134 132 1,164 1,010 922 57 47 39 53 46 31 40 63 36 29 27 27 144 144 125 115 146 346 139 123 165 159 145 137 170 165 153 144 166 159 148 141 90 91 90 72 795 799 851 683 58 76 72 56 99 96 63 35 34 36 31 20 113 113 113 113 123 116 106 134 135 132 129 138 134 133 130 136 134 128 127 50 71 97 108 81 96 91 717 759 817 611 46 64 87 103 52 73 193 188 19 21 46 57 109 109 109 114 99 127 125 125 131 126 124 122 126 124 121 122 125 95 98 101 77 94 86 93 128 123 104 133 85 88 91 103 397 387 350 343 124 118 105 125 125 190 102 125 53 64 59 55 132 136 136 140 106 106 109 116 139 140 142 151 127 129 130 137 127 130 131 138 104 105 98 103 113 117 116 114 61 75 85 82 118 142 141 120 110 115 118 107 370 538 492 110 130 134 126 134 148 123 284 55 55 47 73 153 155 146 142 137 141 136 132 166 166 160 154 146 149 149 149 146 148 146 147 141 127 170 117 123 125 92 83 129 152 139 163 117 132 122 577 521 520 144 127 167 179 180 231 74 79 90 145 154 172 132 139 146 156 162 179 151 158 165 149 157 163 100 36 1921. May.. June.. July.. See footnotes on opposite page also. 1 Yearlyfiguresrepresentthe monthly averages of total production of all companies as compiled annually by the A merican Iron and Steel Institute. The institute reports monthly productionfiguresfor 30 companies which produced 84.2 per cent of the total output of the country in 1920, 87.48 per cent in 1921, and 84.13 per cent in 1922. In order to make the monthlyfigurescomparable, they have been calculated to a 100 per cent production on the basis of theabove percentages, the 1923figuresbeing calculated on the 1922 average. 2 Unfilled orders of steel and earnings reported by U. S. Steel Corporation. * Sheets, blue, black, and galvanized, reported by the National Association of Sheet and Tin Plate Manufacturers, representing almost all the independent sheet manufacturers and about 70 per cent of the total output of sheets. * Bookings ofcommercialsteel castings reported by the Steel Founders Society and principal nonmemberfirmsto the U.S. Department of Commerce, Bureau of the Census. Reports are by 65 identicalfirmswith a capacity of 96,900 tons per month, of which 58,700 tons are usually devoted to railway specialties. This represents over two-thirds of the castings capacity of the United States devoted to commercial castings (as distinguished from castings used in further manufacture in the same plant). 5 Railway specialties include such items as bolsters, side arms, draft arms, couplers, and cast steel car wheels, and are reported by identical firms throughout. 61 CRUDE STEEL. Table 14.—NUMERICAL DATA. From Government and non-Government sources, [Base year in bold-faced type; index numbers on opposite page.] 5 II YEAR AND MONTH Long tons, 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. SHEETS—BLUE, BLACK, AND GALVANIZED. 3 U. S. STEEL CORP.a S 38 J2.fi Short tons. 23,742 17,830 24,985 46,282 25,942 a v . . . 2,523,344 1,901,649 av a v . . . 2,607,018 3,450,160 av, 3,634,933 av. 2~ ttl " 3 3 0 H © ° Thou- Thousands of sands ol long tons. dollars 5,907 4,115 5,189 9,720 10,716 ipmen ts. COMMERCIAL STEEL CASTINGS.4 sold stoc ks. STEEL INGOTS.i p (fl WHOLESALE PRICES. IS*? §25 P o> Dolls, Dolls. Dolls, per per per long pound. long ton. ton. Short tons. 11,432 5,972 10,866 27,798 24,608 Dolls, per pound. 25.79 0.016 26.32 O.O172 0.0166 20.08 .013 22.92 .0152 .0143 22.44 .015 24.76 .0163 .0153 43.95 .028 40.50 .0280 .0267 .043 70.10 .0446 .0419 8,635 15,595 40,601 1918 mo. a v . . . 3,587,585 5,995 11,966 9,733 1919mo. a v . . . 2,807,900 1920 mo. a v . . . 3,406,783 66,109 26,519 39,590 10,023 14,724 5,331 7,726 1921 mo. a v . . . 1,602,933 23,973 9,574 14,399 5,648 8,471 1922mo. a v . . . 2,773,630 66,264 33,265 32,999 171,489 111,989 5,590 172,161 140,844 689,853 85,409 106,175 46,989 87,702 75,329 232,551 190,864 108,709 28,770 182,519 203,869 346,449 1921. May June July August 1,387,698 1,147,012 918,354 1,300,950 18,622 19,381 15,785 18,539 7,350 4,673 6,870 12,253 12,031 11,112 11,669 5,482 5,118 4,830 4,532 7,732 £,824 5,157 6,503 106,969 83,374 49,096 94,900 September OctoberNovember.... December 1,342,867 1,848,205 1,897,578 1,631,336 23,435 32,961 40,522 29,912 10,032 17,605 20,726 14,389 13,403 15,356 19,796 15,523 4,561 4,287 4,251 4,268 1922. January February March April 1,894,071 2,074,197 2,817,961 2,905,638 34,459 37,080 47,892 75,665 20,081 18,578 23,791 46,560 14,378 18,502 24,101 29,105 May.... June July.... August. 3,222,562 3,134,436 2,956,263 2,632,333 September.... October November December 1923. January February March April 47.27 40.54 56.26 34.46 33.99 .032 .028 .028 .021 .017 56.68 I .0379 50.32 I .0332 65.59 .0363 40.74 37.86 .0231 .0354 .0312 .0368 .0253 .0222 246,571 202,191 185,153 184,363 37.00 37.00 32.25 29.60 .022 .022 .021 .019 43.32 41.87 38.14 35.99 .0283 .0263 .0248 .0276 .0264 .0246 .0234 7,258 8,204 6,440 4,967 106,454 101,078 44,427 100,035 139,283 231,536 131,577 101,511 44,639 130,374 134,578 249,922 127,983 100,345 47,591 124,611 88,894 212,239 82,198 80,551 38,200 96,997 49,713 141,047 29.00 29.00 29.00 29.00 .019 35.34 .018 35.46 .017 34.71 .015 33.99 .0237 .0230 .0228 .0223 .0225 .0222 .0213 .0211 4,242 4,141 4,494 5,097 4,654 6,1S1 8,505 7,750 86,130 122,436 166,247 184,979 28.00 28.00 28.00 29.50 .015 33.35 .015 .014 32.97 .015 34.42 .0217 .0214 .0209 .0216 .0206 .0201 .0202 77,600 42,796 34,804 89,365 51,694 37,671 66,166 32,372 33,794 63,416 21,843 41,573 5,254 5,636 5,776 5,950 8,825 10,712 9,834 10,615 364,075 437,853 409,885 379,249 34.00 35.00 35.00 36.10 .016 36.49 .016 36.96 .017 37.50 .018 39.79 .0218 .0222 .0223 .0236 .0211 .0215 .0217 .0229 2,821,561 3,414,258 3,434,324 3,304,279 97,919 56,781 75,709 34,276 22,131 28,271 41,138 41,433 38,768 40,618 6,692 6,902 6,840 6,746 7,020 8,566 9,663 9,323 202,600 243,476 242,562 205,239 123,439 21,241 190,027 188,863 378,574 128,981 20,690 223,874 208,916 376,394 131,782 30,084 230,320 172,774 321,487 120,000 27,500 216,266 399,624 505,766 39.50 40.00 37.75 36.50 .021 43.79 .021 43.60 .021 42.08 .020 40.53 .0251 .0257 .0257 .0257 .0243 .0244 .0242 .0244 3,865,083 3,469,651 4,043,750 3,947,793 L03,581 47,879 55,702 90,152 39,845 50,307 143,564 76,409 67,155 6,911 7,284 7,403 10,561 9,527 14,692 260,520 237,919 279,475 131,550 32,229 248,337 252,489 511,346 148,360 29,123 217,808 253,197 547,897 136,347 29,084 287,203 325,526 619,823 37.30 39.63 44.38 .020 41.17 .021 42.61 .022 47.01 .0259 .0272 .0247 .0261 .0270 113,423 117,754 103,591 100,093 89,109 90,771 107,970 101,863 48,542 65,087 56,478 51,511 97,590 81,561 67,234 90,534 64,538 44,064 56,893 88,513 40,085 80,000 72,922 128,200 42,439 110,129 103,057 145,673 45,673 149,407 272,357 314,617 34,166 177,855 264,629 395,620 218,743 94,853 22,177 210,460 21,609 179,100 101,639 19,586 228,398 115,242 19,184 212,748 203,023 181,381 215,200 176,200 268,032 143,563 175,495 June.. July.. See footnotes on opposite page also. 1J pounds These products, according to the Iron Age, constitute 88 per cent of the United States output of finished steel. s Average of weekly prices compiled by the Iron Trade Review on the following 14 products: Pig iron, billets, slabs, sheet bars, wire rods, steel bars, plates, structural shapes, black galvanized and blue annealed sheets, tin plates, wire nails, and black pipe. Fig iron average in turn is average of 13 different quotations. • Average of weekly prices from U. S. Department of Labor, Bureau of Labor Statistics. 62 IRON AND STEEL PRODUCTS. Table 15.—INDEX NUMBERS. Based on data from Government and non-Government sources. [Base year in bold-faced type; numerical data on opposite page.] FRT. CARS. ]LOCOMOTIVES. Shipments. YEAR AND MONTH. Relative to 1913. 1913 monthly 1914 monthly 1915 monthly 1916monthly 1917 monthly average.. average.. average.. average.. average.. average.. average.. average.. average.. average.. 121 73 65 37 35 Foreign. monthly monthly monthly monthly monthly Domestic. 100 57 90 100 100 100 63 80 48 20 25 67 52 20 42 22 100 23 88 100 31 19 15 13 16 28 25 28 21 23 152 19 63 18 143 For compari-6 son. ShipImports. ments. 8 Total. 7 Total.* Value. Relative Relative to 1922. to 1913. Relative to 1913. STEEL FURNITURE. Relative to 1919. 9 8 5 8 21 100 1OO 101 142 145 130 1OO 1OO 100 139 138 120 56 128 220 235 1OO 90 89 98 102 62 100 143 119 .. . STEEL. Exports. Under Per con- Comcent struc- pleted.^ Sales. of cation.3 pacity. Relative Relative Relative to 1913. to 1920. to 1919. Relative to 1920. 100 39 37 75 110 1918 1919 1920 1921 1922 DoTotal. mestic. I R O N AND Orders. Unfilled o r d e r s . Do- ForTotal. mestic. eign. FABRICATED STRUCTURAL STEEL.-' SHIPS. 127 125 130 87 168 111 106 107 70 128 194 160 180 80 61 53 101 138 38 229 56 74 67 66 62 47 47 38 33 34 40 37 112 102 90 87 41 47 55 59 50 52 41 41 86 96 98 113 1OO 162 104 119 53 20 67 30 8 31 47 24 22 69 92 1 56 50 45 44 38 32 28 26 26 14 18 119 135 137 98 95 108 110 105 114 202 230 80 87 154 176 62 49 78 81 95 80 124 119 50 43 53 70 108 107 120 117 161 145 137 130 94 87 87 147 137 135 82 77 56 52 273 188 116 112 104 104 1OO 1921. July 25 26 19 August 31 39 29 40 September October November December 35 25 9 29 24 14 13 7 May . . 1922. January February March... April.. 2 28 57 19 18 18 46 48 13 27 62 25 17 66 16 23 24 20 11 13 16 25 45 42 16 28 5 62 67 5 10 36 32 12 71 4 4 16 19 29 58 14 15 17 24 105 138 114 300 23 12 17 18 15 11 2 9 16 18 25 47 56 55 80 104 29 24 19 18 19 22 6 5 23 25 174 125 130 15 3 212 191 181 178 14 9 13 10 83 82 79 July... August 23 37 42 49 49 61 111 118 18 53 7 24 47 45 61 78 September October November December. 39 47 52 69 103 121 131 176 7 13 17 18 111 116 122 120 151 159 168 168 27 28 28 22 99 121 176 221 22 22 22 22 5 10 8 12 167 152 128 152 127 115 97 115 48 46 47 54 77 79 76 90 10 288 656 528 360 117 135 133 152 75 68 92 197 178 245 183 13 12 15 18 135 168 175 167 190 239 248 236 21 18 24 22 128 74 26 24 150 159 190 74 80 448 23 207 209 249 46 48 405 93 4 6 7 59 98 150 144 188 May Jiinp. _ . .,-.- 6 1923. February March April 71 May July See footnotes on opposite page also. i Locomotive shipments and unfilled orders reported direct by principal locomotive companies: Freight car orders by domestic railroads compiled by the Iron Trade Review; vessels under construction and vessels completed, V. S. Department of Commerce, Bureau of Navigation; fabricated structural steel by the Bridge Builders and Structural Society up to April, ltol, and since then compiled by U.S. Department of Commerce, Bureau of the Census, including reports from the Structural Steel Society; iron and steel exports Dy U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; steel furniture comp iled by the TJ. S. Department of Commerce, Bureau of the Census, including reports from the National Association of Steel Furniture Manufacturers. * Gross ton represents in units of 100 cubic feet the entire cubical capacity of the vessel, including crew and engine space. 1 Tonnage under construction on the first of the month refers to the gross tons of shipping, building or under contract to build for private owners. Includes only steel vessels of over 100 gross tons. Does not include Government ships or ships building or contracted for by U. S. Shipping Board. * Includes ocean-going, lake and river vessels built and officially numbered by the U. S. Department of Commerce, Bureau of Navigation. Includes vessels of the U. S. Shipping Board and private American owners, but not vessels built for foreign owners. 63 IRON AND STEEL PRODUCTS. Table 16.—NUMEBICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] FBT. CARS. LOCOMOTIVES. Shipments. Unfilled orders. ForDoTotal. mestic. eign. Domestic. Number of cars. Number of locomotives. 1913 mo. av. 1914 mo. av. 1915 mo. av. 1916 mo. av. 1917 mo. av. 306 119 114 230 336 371 223 199 112 106 Gross tons. 2 31,881 26,354 18,760 27,118 75,112 10,500 6,000 9,500 15,000 12,500 1918 mo. av. 1919 mo. av. 1920 mo. av. 1921 mo. av. 1922 mo. av. Under Comconstruc- pleted.4 tion.* 1921. May June July August September. October November. December.. 1922. January February... March April May June July August.. September. October November. December.. 1923. January February March April 110 1,323 337 75 288 80 245 57 236 95 237 106 209 75 308 29 318 265 74 11 207 44 40 239 39 35 330 21 13 617 54 621 Dollars. 95,567 228,801 26,556 129,123 24,027 135,800 293,207 23,533 138,800" 503,971 25,906 124,617 536,980 26,974 218,549 121,208 444,835 351,158 119,617 366,663 1,155,691 613,617 234,438 235,945 124,708 412,030 105,973 83,100 183,980 26,795 160,783 139,473 14,052 26,837 36,626 10,088 60,761 142,553 107,152 250 1,500 900 150 645,224 581,631 519,564 513,863 109,393 164,335 84,918 78,415 66,400 87,700 79,400 78,200 102 117 139 143 107 191 179 122 550 6,500 7,000 550 439,735 365,686 319,426 296,944 89,709 50,265 61,599 46,108 147 173 255 515 66 75 102 11,000 14,500 12,000 31,500 260,599 222,559 197,011 211,918 18,250 13,100 13,700 1,610 811 130 1,035 119 113 1,463 1,347 145 133 1,538 1,420 159 144 1,619 1,501 210 194 1,592 1,498 229 217 1,788 196 2,220 2,141 2,316 2,214 2,204 2,111 169,073 907,933 1,471,609 943,986 1,077,336 75,646 12,570 9,044 10,633 9,706 113,300 128,700 131,300 94,100 94,838 106,584 125,516 134,447 13,178 13,910 10,997 10,798 52,764 38,359 6,203 34,308 100,300 109,300 193,500 220,000 140,784 112,812 178,113 184,991 160,905 135,758 210,095 200,735 13,405 11,537 14,149 18,720 220,727 209,060 218,999 249,394 21,419 16,959 19,356 11,511 202,500 182,500 172,500 170,000 187,732 177,067 128,326 119,067 231,260 220,112 159,338 146,961 23,097 39,154 72,425 50,050 1,056,735 109,207 104,474 106,486 124,613 130,728 10 76,393 134,095 174,260 128,503 140,250 151,474 95,701 1,062,495 1,227,447 1,204,310 1,376,152 104,581 109,461 134,885 124,444 135,182 165,624 1,307,173 124 101 116 118 118 94 10,350 12,700 18,500 23,255 255,431 258,373 257,328 251,858 15,834 33,815 27,720 43,294 160,000 145,000 122,500 145,000 79 102 93 13,390 7,800 42,500 9,800 302,047 280,278 269,911 14,292 21,392 24,978 197,500 200,000 237,500 1,699 207 Long tons. 96,267 121 108 120 90 596 201 Per ct. of normal. 167 137 116 147 67 217 Short tons. 429 131 99 122 282 Shipments. 8 894 206 791 70 114 128 151 STEEL FURNITURE. Sales. 16,000 2,000 6,667 1,838 14,998 497 495 712 926 DION AND STEEL. IMPer EXPORTS. PORTS cent of caFor paccomity. parison/ Total.? Total.* Orders. YEAR AND MONTH. DoForTotal. mestic. eign. SHIPS. FABRICATED STRUCTURAL STEELS 75 95 119,011 1,018,189 922,318 817,829 793,281 782,053 871,012 890,362 1,027,417 983,834 967,125 1,087,228 1,058,382 1,015,463 945,768 943,087 1,362,470 1,709,206 May.. June. July.. See footnotes on opposite page also. * 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 survey by the Bureau of the Census (see January, 1923, issue, No. 17, p . 13, for details). Beginning with April, reports received from 168 firms with a total capacity of 220,790 tons have been prorated to the estimated total capacity of the United States, 250,000 tons for comparison with previous figures. 6 This column gives a total of pig iron and rolled products as used in the Iron Trade Review, which is comparable each month Back to 1913. i Beginning with January. 1922, all commodities are given in quantities in the export reports, many of which were previously available only on a value basis. This column gives the total of all pig iron and rolling-mill products as compiled by the U. S. Department of Commerce. Bureau of Foreign and Domestic Commerce. 8 These data comprise shipments from 22 manufacturers, representing practically the entire production ot stock goods, which include sections, counters,office and vault verticals, safes and interiors, desks and tables, and small miscellaneous articles, exclusive of shelving and lockers. 64 MISCELLANEOUS METAL PRODUCTS. Table 17.—INDEX NUMBERS. Based on data from Government and non-Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] PATENTS GRANTED BY THE U. S. PATENT OFFICE.? YEAR AND MONTH. Total Agriculpatents, tural impleall classes. ments.8 Relative to 1913. 1913 m o n t h l y average. STOKERS. STEEL BARBELS AND DRUMS. Sales. Number. Total horsepower. Relative to 1919. Shipments. Production. Unfilled orders. Relative t o 1921. 100 118 1OO 1914 m o n t h l y average. 1915 m o n t h l y average. 127 110 1916 m o n t h l y average. 130 120 1917 m o n t h l y average. 121 110 1918 m o n t h l y average. 114 109 1919 m o n t h l y average. 109 86 100 1OO 1920 m o n t h l y average. 110 82 78 125 1921 m o n t h l y average.. 112 72 31 52 1OO 1OO 2 1OO 1922 monthly average. 113 62 56 115 172 195 142 16 21 70 74 101 75 20 33 73 88 128 78 22 44 81 106 76 41 56 111 118 140 85 29 78 80 93 104 67 32 58 80 123 1921. January February March April , , , May June July August 100 96 57 42 65 86 , 127 106 50 85 139 96 61 47 69 , 104 41 23 33 131 82 26 106 75 121 108 104 105 95 103 148 145 109 41 116 113 97 25 38 111 76 84 35 65 57 32 68 100 54 50 132 82 53 118 139 82 61 116 109 , 105 109 September October November December 132 67 47 71 1922. January February March April , May June July August 90 91 150 179 99 September October November December 41 76 133 128 71 68 158 201 238 197 218 97 159 207 243 87 106 120 149 237 178 182 143 132 230 230 59 49 77 184 213 138 136 54 68 120 169 206 122 107 44 41 68 173 213 165 105 51 250 180 222 181 127 91 62 158 184 182 221 114 61 56 127 173 236 257 53 131 227 276 267 1923. January February March April 106 110 See footnotes on opposite page also. i Patents granted compiledf rom the official records on file in the U. S. Department of the Interior, U. S. Patent Office, Division of Publications; stoker sales from the Stoker Manufacturers' Association, said to represent approximately 99 per cent of the industry; steel barrels and drums from the Steel Barrel Manufacturers' Association; per agricultural pump shipments compiled by the Federal Reserve Bank of Chicagoin. cooperation with the National Association of Farm Equipment Manufacturers and covers 22 firms, except for May and June, when only 21 firms reported; brass stop cocks from The National Association of Brass Manufacturers; tubular plumbing sales from The Tubular Plumbing Goods Association. a Relative to six months' average, July to December, 1921. 3 These figures include, besides the articles shown in the other two columns, the value of cylinders shipped separately. 4 Data represent the total of 22 different classes of stop cocks reported to the association by its members. & Figures areincomplete owing to the failure of 2 or 3 member companies to report. 6 Average for last seven months of 1922. 65 MISCELLANEOUS METAL PRODUCTS. Table 18.—NUMERICAL DATA. From Government and non-Government sources,1 [Base year in bold-faced type; index numbers on opposite page.] PATENTS GRANTED BY THE U. S. PATENT OFFICE.7 STOKERS. STEEL BARRELS AND DRUMS. AgriTotal culpattural ents, imple-8 all classes. ments. Shipments. Number. Number. 1913 mo 1914 mo 1915 mo 1910 mo 1917 mo av av av av av 3 601 • Number of pieces. Number. Value. 87 2,828 3 329 191S mo av 1919 mo av 1920 mo av 1921 mo av 1922 mo. av... Dollars. Orders Orders received. shipped. 95 3 422 Per cent of capacity. Total.3 79 97 87 3 664 Unfilled orders. Power Pitcher, pumps hand, and and hydrowindpneumill matic pumps. pumps. Number. Production. Total horsepower. Number. TUBU LAR PLUM B I N G SAI iES. Shipments. Sales. YEAR AND MONTH. BRASS STOPCOCKS.* AGRICULTURAL PUMPS. 3 214 86 3,073 68 234 3 097 65 183 65 919 3,157 73 27 262 112,042 17.4 3,201 57 49 130 60,409 192, 386 34.0 2 S32 52 37 10,921 78,587 12.8 52,732 2 234,557 332,228 e172,719 6 163,353 I 1921. January February March . . Vpril 2,870 59 46 17,521 81,763 15.3 3,629 62 52 23,053 91,248 15.4 2, 997 60 96 29, 651 124,251 20.5 M-iv 3 940 67 68 40 889 89 610 16 1 TllFIG 2,937 53 76 30 597 89,548 15.0 2,703 98 34,073 96,754 16.2 243,490 3 593 45 84 116 44 586 155 521 22 9 247 320 16 6 July Autrust 2 718 no 36 401 32 54 17 596 117 112 165,899 25.2 240 616 255,423 3,711 2,994 65 60 21,626 130,199 19.7 226,677 59 58 20 224 124 006 13 3 193 814 3 433 66 81 15 6 204 204 45 75 34 157 35,663 89 216 3,045 2 823 3,084 1922. January February March April 48 2, 955 September October November.... December 101,830 248,315 47, 626 43 65 116 125 69,716 62 027 168 476 16.9 27 7 200 214 36 1 281 794 350,445 47 630 44,123 2,107 2 774 384 200 2 858 475 607 465 504 May 3 935 05 143 61 391 3 291 576 957 53 109 37 239 40 1 410, 477 427 739 52,853 3 089 225,372 266 944 42 2 June July . . . August 56,893 3 519 2 788 32 177 70 230 220 992 40 0 334 881 53 942 3 590 636 356 604 359 3 621 56 160 83 310 244 271 41 2 309 044 60 534 3 674 September..,. October November December z,760 115 40,505 206,448 37.0 322,632 50,799 3,376 3,832 47 43 158 63,167 .189,484 35.9 287,141 55,735 3,030 35 35,808 194,069 37.1 385,881 131,699 201,319 38.7 .. . . . 5 5 96 5 208 5 109 307 123 768 282 194 644 268 277 926 9(J4 228 592,665 350,447 338,307 163,508 3,403 615,456 353,476 381,182 188,264 187,175 48,350 2,950 532,455 338,236 267,955 247,439 244,602 424,107 48,744 3,035 545,398 379,008 224,313 281,582 240,160 342 515 $160,086 2,974 3,578 72 145 83,270 206,021 31.7 518,463 528,003 787,887 683,022 311,738 378, 403 48 131 66,769 193,992 41.0 603,774 56,570 52,132 2,797 3,226 1923. January February March April 40 2,676 537,294 645,314 481,740 254,593 238,690 123 69,180 254,573 48.1 627,143 73,371 3,635 646,140 470, 717 445, 994 2,997 3,097 See footnotes on opposite page also. ? It should be noted that inasmuch as patents are granted on Tuesdays only, the number of patents shown for a given month represents the total, peculiar to the month in question, of either 4 or 5 Tuesdays. s Data include patents granted falling within the official classification of "agricultural implements; planters, harrows and diggers, plows, harvesters, scattering unloaders, and threshing implements." AOOOQO OQ_ 66 NONFERROUS METALS. Table 19.—INDEX NUMBEBS. Based on data from Government and non-Government sources,1 [Base year in bold-faced type; numerical data on opposite page.] COPPER. YEAR AND MONTH. ExProduc- p o r t s Pigs, tion smelter). ingots, etc. TIN. PriceIngots, electrolytic (New York). Stocks. ImportsBars, blocks, etc. ZINC. PricePig (New York). LEAD. ShipProduction Receipts ments from (total Stocks. at St. Louis.* priSt. mary). Louisa PricePrime western (New York). ShipReceipts ments from at St. St. Louis.s Louis.' PricePig, desilverized (New York). Relative to 1913. 1913 1914 1915 1916 1917 monthly av. monthly av. monthly av. monthly av. monthly av. 100 100 100 100 107 76 78 113 95 110 175 187 92 113 171 137 100 87 97 147 135 1OO 78 84 96 132 100 94 113 157 154 1918 monthly av. 1919 monthly av. 1920 monthly av. 1921 monthly av. 1922 monthly av.. 156 105 99 39 81 83 52 73 73 86 157 122 114 80 85 17 55 180 127 134 124 78 110 47 117 190 146 112 67 72 1921. January February— March April 84 75 87 50 78 87 55 59 82 82 78 79 138 192 188 132 27 55 32 May.... June July.... August. 24 19 17 21 46 71 67 59 82 82 80 75 139 138 136 95 September.. October November.. December.. 21 24 22 18 85 74 103 87 76 81 83 86 1932. January February— March April 25 37 61 75 75 75 115 100 May.... June July.... August. 90 93 92 98 September.. October November.. December.. 1923. January February March April 100 49 35 43 132 100 100 100 100 100 100 99 110 160 276 95 107 114 168 90 247 241 159 275 289 268 372 106 109 89 131 88 104 155 207 149 132 138 62 108 101 92 99 196 124 114 114 49 66 212 203 193 73 75 142 127 139 90 104 164 131 201 192 309 138 91 83 56 110 169 131 184 105 132 79 73 64 68 90 62 54 57 187 192 202 200 78 55 52 33 60 69 62 101 92 89 90 133 153 141 163 51 30 57 62 113 106 92 97 21 43 37 54 72 65 62 59 62 67 54 51 211 221 227 213 31 20 24 27 67 32 40 64 92 85 82 243 220 181 256 78 73 51 56 113 103 100 100 95 111 71 92 61 46 72 60 61 65 73 50 50 73 76 200 174 165 164 64 62 69 72 52 65 44 49 105 107 107 107 82 81 80 72 76 167 148 95 97 165 110 71 68 65 68 82 78 92 88 162 158 148 127 70 39 73 57 89 93 90 89 84 87 87 87 104 128 196 152 131 133 86 70 70 72 95 99 110 109 99 73 70 53 98 101 61 48 93 101 100 103 83 74 79 71 87 87 87 90 67 155 146 201 <77 158 94 174 72 77 82 84 115 138 139 148 110 101 120 107 71 91 138 108 108 182 111 220 194 88 94 109 103 160 147 169 162 102 141 193 193 May.. June.. July.. See footnotes on opposite page. 90 102 110 87 83 86 90 356 212 369 282 97 78 84 70 107 107 107 116 83 46 79 94 98 103 113 372 369 265 294 124 129 80 140 126 133 131 133 43 71 65 63 41 27 25 22 122 203 182 168 256 59 76 61 59 118 124 129 127 351 340 242 252 125 165 110 73 140 152 165 166 43 40 128 104 125 130 141 133 255 50 79 62 78 62 178 185 78 188 271 301 67 NONFERROUS METALS, Table 20.—NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] COPPER. PriceExProducImIngots, tion Produc- ports— electrop o r t s - Price— (total Bars, tion Pigs, Pig lytic Stocks. blocks, priYEAR AND MONTH. (smelter), ingots, (New (New etc. etc. York). mary). York). Receipts Stocks. at St.2 Louis. I I Dollars Thousands of pounds.! per j pound. 1913 monthly a v . 1914 monthly av. 102,040 70,461 SO.157 95,845 | T ™,r S us 1 ' 1,847 7/3,245 j .134 1,700 53,567 j .173 2,079 1915 monthly a v . 115,668 1916 monthly a v . 160,654 I 55,260 I .275 3,153 1917 monthly av. 157,177 79,818 .294 2, 535 1918 monthly av. 159,045 i 58,726 .247 312 1919 monthly av. 107,202 | 36,653 .191 1,015 1920 monthly av. 100,755 i 51,771 .180 3,322 1921 monthly av. 39,336 I 51,293 .126 2,351 1922 monthly a v . 82,561 ! 60,683 .134 2,481 January... February. March April 85,929 j 54,855 .129 2,546 76,508 j 62,480 .129 3,546 89,127 | 38,720 .122 3,476 51,107 j 41,495 .125 2,441 24,235 I 32,259 .128 2,571 19,434 j 50,172 .128 2,546 17,790 I 47,324 .125 2,521 21,414 I 41,249 .117 1,761 May.... June July.... August. September.. October November.. December.. 1922. January... February.. March April ; ' Thou- Dollars I ^ds of per 9,560 S0.449 8, 351 . 353 9,273 .376 .433 14,085 . .594 12,908 Pricej Ship- P r i c e Ship- Prime Pig, ments west- Receipts j ments desilat St. from from St. ern Louis.s St. 8 verized Louis.2 (New (New Louis. York). York). Dollars per pound. Thousands of pounds. pounds. | pound. 57,780 58,840 81,586 111,242 111,596 28,385 S 0 . 0 5 8 .053 j 26,834 28,506 j 30,541 .144 30,490 35,190 I 44,323 .140 32,482 J 07, 442 i 76,461 .093 47,759 81,.318 ! 2 7 , 6 7 5 40,190 ! 27,360 Thousands of pounds. 5,476 I 8,752 Dollars per pound. S0.044 .039 15,048 9,299 15,838 9,516 .046 14,670 7,810 .068 20,390 11,425 .091 11,876 7,475 10,503 4,517 11,225 .852 86,320 82,482 ! .'54,369 60,0G0 .083 8,995 12,070 .074 .655 76,500 74,970 | 31,430 57,666 .074 7,195 7,975 .058 2,584 5,270 3,028 2,484 2,022 4,133 3,566 5,201 .503 79,962 80,886 | 31,644 54,881 .081 11,024 7,298 .081 .299 35,932 159,6.57 j 13,549 20,739 .052 10,490 4,866 .046 .325 62,280 72,770 18,194 21,149 .061 16,905 9,627 .058 .355 51,832 151,906 , .059 7,311 4,445 .050 35,538 156,040 i 17,025 .054 8,392 2,630 .047 .288 31,482 164,504 j 19,564 .052 7,733 4,948 .041 .304 33,100 162,886 | 21,539 15,271 14,476 9,163 28,002 .326 17,586 .052 8,916 5,402 .043 .322 36,052 171,624 .054 13,308 6,819 .050 38,886 179,778 9,087 .049 12,044 6,416 .045 .278 30,990 184,816 11,406 .048 9,894 4,428 .044 .266 29,242 173,098 8,594 5,426 6,613 7,596 18,985 .290 18,053 .047 14,011 4,922 .044 .268 28,734 i 162,270 | 25,402 .048 11,098 4,553 .046 .276 29,034 141,648 j 24,302 .051 9,955 5,681 .047 .289 42,270 134,098 I 24,862 .052 9,208 3,833 .047 .326 44,026 133,216 | 34,593 .053 14,006 4,318 .047 17,585 17,110 19,198 20,016 20,927 60,170 .120 1,756 24,614 52,486 .127 2,041 22,348 72,786 .130 1,316 18,595 61,518 .136 1,696 5,796 4,352 6,886 8,880 25,848 53,130 52,862 80,853 70,145 .136 1,331 9,103 .320 47,412 * 131,356 J 19,414 29,052 .051 19,500 8,514 .047 .129 1,406 9,295 .305 45,026 128,248 j 10,698 31,323 .049 11,604 6,787 .047 .127 3,086 15,783 .291 53,064 120,524 ; 20,187 24,313 .050 20,232 7,325 .047 .126 2,731 10,526 .305 51,012 103,456 ' 15,854 13,132 .052 15,434 6,108 .051 27,065 37,416 62,305 77,026 92, 048 95,222 93,486 99,726 62,891 65,604 63,596 62,612 .132 1,921 8,490 .309 .136 2,371 12,552 .315 .137 3,616 12,683 .315 .138 2,806 8,219 .325 September.. October November.. December.. 94,975 iO3, 371 101,607 104,675 58,167 .138 1,236 «7,379 .323 52,185 .137 2,859 15,086 .346 55, 788 .136 2,699 8,944 50,362 .141 3,704 16,643 January.. February. March April 112,341 75,617 S .146 3,354 13,165 102,641 49,751 j 155 2,054 122,194 64,394 I 169 May.... June July.... August. LEAD. ZINC TIN. 54,838 57,094 63,834 62,846 ! 20,344 10,856 .055 28,082 24,323 23,G50 .055 59,152 \ .057 20,222 11,306 .058 57,236 j 16,977 13,158 .060 14,486 11,002 .058 43,258 | 13,355 22,364 .066 16,112 12,284 .059 37,612 | 11,791 16,882 .069 19,245 10,935 .062 36,086 19,531 21,610 .072 18,618 14,410 .067 .369 66,268 79,880 80,400 38,994 18,044 17,331 .075 13,254 9, 615 .072 .377 85,682 36,504 17,328 16,646 .074 13,805 6,382 .073 . 393 92,634 33,148 11, KM I 13,556 .073 13,938 6, «22 .078 .423 84,886 21,728 11,096 ! 14,171 .076 11,792 5,402 .082 4,067 .489 97,462 20,042 35,366 j 22,506 .082 14,828 7,939 .085 3,577 .463 93,732 17,952 28,851 j 17,498 .077 16,470 6,814 .083 80,818 May.. June.. July.. 1 Copper production, representing smelter production from domestic ores, for 1913 through 1920, from U. S. Geological Survey, 1921 and 1922 figures from A merican Bureau of Metal Statistics representing mine production; Stocks of tin from New York Mdal Exchange; Production and stocks of total primary zinc from A merican Zinc Institute', Receipts and shipments of zinc and lead at St. Louis from Merchants Exchange of St. Louis; Exports and imports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; Wholesale prices from U. S. Department of Labor, Bureau of Labor Statistics, representing average of weekly prices. 2 Converted from data in slabs of 80 pounds each. 8 Converted from data in pigs of 50 pounds each. * Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. 68 COAL. Table 21.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] BITUMINOUS. ANTHRACITE. COKE. Production. Prices. Production. YEAR AND MONTH. Exports.a j Wholei sale, j Mine I K a n a - | Retail, aver- ; w h a Chiage. 5 I f.o.b. cago. Cincinnati. Rela- ! Relative to I live to 1913. 5-yr.av. Production. Relative to 1913. Relative t o 1913. Stocks, 1 W Y end of | Exmonth.3 P ° r t s - Relative to 1921. 1OO 1909-13 monthly average. chest- chest- j nut, nut, New I New York. York. I Relative to 5-yr.av. Beehive. Byproduct. Relative to 1913. i Relative to 1913. ; 137 100 loo ; 1914 monthly average...! 88 105 93 100 : 102 1915 monthly average... 93 127 9 1 100 : 102 1910 monthly average... 105 144 150 122 i 101 1917 monthly average... 163 264 208 1918 monthly average...; 115 121 151 210 1919 monthly average...! 98 136 211 1920 monthly average...j 119 261 1921 monthly average...; 87 1922monthly a v e r a g e . . • January : February \ March April IOO 120 ! 99 111 I 100 ioo 100 ; 97 103 | 100 103 |i ! 96 121 105 105 ii 144 109 161 112 121 177 136 108 129 129 187 143 96 129 156 459 206 176 9S 140 157 207 207 178 99 85 84 295 237 198 If 3 205 265 255 197 101 79 115 225 232 189 j 105 j 78 105 214 221 187 | 71 132 213 221 May 85 228 218 221 June 87 302 205 209 July 78 241 195 August.. 89 154 IOO Exports. ConPublic utility plants. nelisville. Relative to 5-yr.av. Rela- j| Relative to il tive to 1913. ;| 1919. 100 100 100 1913 monthly average... WholeRetail, j. sale, Price. ELECTRIC POWER PRODUC- I TION. IOO ; ioo I 69 IOO 100 100 88 68 74 111 91 73 150 120 133 99 176 143 338 132 91 204 172 245 155 59 198 73 194 IOO 179 177 62 242 94 443 113 121 198 194 17 157 32 149 105 •68 200 197 24 224 52 293 122 23 101 209 204 227 109 31 215 178 52 101 200 200 41 33 37 213 98 101 53 107 200 199 21 167 34 205 105 179 105 67 128 191 189 12 179 102 79 151 193 190 11 150 21 136 101 179 106 105 172 195 190 8 133 27 127 100 209 177 96 131 135 198 192 6 122 26 119 101 197 186 178 98 149 130 198 192 9 131 25 115 105 82 106 152 90 110 193 ISO 144 97 154 100 201 191 10 189 186 157 103 131 107 201 191 15 24 31 104 121 134 164 131 112 134 110 November 92 98 191 186 188 93 135 114 201 191 17 167 42 122 112 December 79 70 184 175 185 81 140 106 201 191 18 176 32 113 118 94 103 59 74 171 137 78 18 180 113 | 117 133 95 189 20 169 125 :j 107 115 125 102 133 118 65 182 164 104 38 200 200 200 201 190 89 108 185 177 182 182 82 126 40 185 179 172 183 111 51 56 43 56 31 252 214 180 72 49 273 232 184 47 33 380 245 185 1 2 39 481 302 192 2 September October January February March April May Juno.... July.... August. 164 164 189 26 202 189 19 210 41 44 34 38 21 189 15 240 30 246 118 14 189 16 244 40 277 118 19 189 16 235 38 441 110 5 220 19 169 36 525 126 September. 103 107 410 336 225 65 31 198 212 22 212 48 456 125 October 113 157 356 291 227 112 141 198 198 31 265 53 402 134 November. 114 147 334 291 225 112 152 198 198 41 276 52 295 136 December.. 117 134 336 268 225 111 133 200 209 44 289 168 287 142 January 126 99 354 256 228 114 124 200 207 53 293 107 338 147 February 106 73 292 222 224 102 115 200 214 53 265 97 292 133 March 117 111 258 222 207 17 1 139 200 203 62 307 134 300 145 April 107 63 303 222 200 259 May. Juno. July. See footnotes on opposite page also. 1 Except anthracite stocks from t h e Anthracite Bureau of Information a n d weighted average m i n e prices of bituminous coal t h r o u g h o u t t h e U n i t e d States from the Coal Age. Data on production of coal a n d coke a n d of electric power a t public utility p l a n t s from U. S. Department of the Interior, Geological Survey; exports from U. S. Dejxirtment of Commerce, Bureau of Foreign and Domestic Commerce; wholesale and rotaU prices are monthly averages from U. S. Department of Labor, Bureau of Labor Statistics. 69 COAL. Table 22.—NUMERICAL DATA. From Government sources.1 [ Base year in bold-faced type; index numbers on opposite page.] Production. Exports. 2 Mine average.* Wholesale, ProStocks, Ex- Whole- Retail, sale, ducend of tion. month.3 ports. chest- chestnut, nut, New New York. York. Kana- Retail, wha Chi- f.o.b. cago. Cincinnati. Thous. of short tons. Thous. of long tons. 1909-13 monthly av. 1913 monthly av.... 39,869 1914 monthly a v . . . 35,225 1915 monthly a v . . . 36,885 1916 monthly a v . . . 41,877 1,098 1,499 1,150 1,397 1,581 $1.23 1.14 1.12 1.85 $2.20 $4.81 2.20 2.20 2.68 4.93 4.89 4.87 7,627 7,569 7,416 7,298 45,983 48,282 38,S22 47,389 34,660 33,709 1,789 1,663 1,497 2,866 1,722 919 3.25 2.58 2.59 5.64 2.55 3.63 4.58 3.88 4.11 5. 85 4. 56 5.20 6.95 6. 55 6.86 8.48 8.58 9.50 8,301 8,236 7,341 7,467 7,539 4,393 1921. January February March April 41,148 31,524 31,055 28,154 | 2,248 [ 1,257 1,152 1,453 3.26 2.62 ! 5.60 5.10 4.85 4.85 May June July August.. 34,057 34,635 31,047 35,291 2,500 2. 68 2. 52 2. 40 2. 42 4. 85 4.60 4.60 4.10 September October November December 35,893 44,686 36,805 31,627 4.10 4.10 4.10 3.85 6.92 770 2.37 2.33 2.35 2.26 January February March April 37,600 40,951 : 50,193 i 644 814 1,187 715 2.27 2.20 2.12 2.24 May June July August 20,501 I 22,309 j 17,003 ! 22,328 340 541 366 426 September October November December 40,964 1,175 45,173 1,729 45, 262 1,618 46,450 I 1,469 1923. January February March April 50,123 42,160 46,807 42,554 1917 1918 1919 1920 1921 1922 monthly monthly monthly monthly monthly monthly av... av... av... av... av... av... Thous. of short tons. Dollars per short ton. )ols. per Dols. per D ^ short long ton. ton. Thous. of long tons. 288 346 $5.31 5.32 319 i 295 5.33 347 462 370 370 402 2,673 1,478 348 197 Price. Production. Prices. Prices. Y E A R AND MONTH. COKE. ANTHRACITE. BITUMINOUS. $6.97 7.00 7.17 7.34 8.46 5.94 j 9.19 6.86 | 10. 81 8.27 9.50 > 12.33 10.53 I 13.52 13.70 10.60 Beehive. Byproduct. Thous. of short tons. 2,799 | 1,059 935 1,945 j 2,292 j 1,172 2,955 j 1,589 Exports. ELECTRIC POWER PRODUCTION. Connellsville. Public utility plants. Thous. Dols. per of long short tons. ton. 73 49 Thous. of kw. hours. $2.44 67 1 81 1 79 87 3 25 1,587 | 2,095 1,748 ', 2,565 471 : 1,660 2,375 670 104 126 53 68 23 38 8.25 6.00 4.74 10.82 3.65 7.14 2,278 1,888 1,772 1,519 38 27 25 19 5.53 5.19 5.00 3.72 3,541,493 3,166,041 3,394,987 3,239,471 3.33 3.09 2.91 2.80 3,263,766 3,244,093 3,269,709 3,410,701 2,764 ! 1,870 2,540 i 2,166 3,243,403 3,663,618 3,411,532 3,971,714 i l 15,780 I 3,315 2,650 1,695 1, 212 1, 329 1, 079 1,092 806 1,220 9.48 ! 7,681 9.11 ! 7,983 7,677 8.99 8.60 I 7,985 14. 54 14.23 13.90 13.17 1,137 1,789 289 10.64 291 10.64 308 I 10.64 369 ! 10.14 7,752 8,071 7,309 7,459 2,119 2,817 3,495 3,971 434 | 496 I 388 | 373 . 10.24 10.36 10. .50 10. 54 13. 24 13. 24 13.36 13.36 390 1,590 232 1,408 181 1,297 248 1,383 16 20 19 18 4,123 3,500 3,601 3,747 287 308 329 306 10.66 10.66 10. 66 10. 65 13.34 13.30 13.30 13.30 289 8.92 7,385 7,858 7,110 6,203 514 1,423 1,734 1,766 1,860 18 22 30 23 3.19 3.28 2.97 2.75 3,374,703 3,574,339, 3,639,393 3,819,692 3. 75 3.60 3.60 3.60 8.91 8.50 8.77 8.77 6,258 6,762 8 757 26 3,674 3,567 3,344 2,775 224 10.64 275 10.63 13.21 13.14 13.14 13.14 549 732 528 1,903 1,795 2,137 2,227 30 32 25 28 2.75 3.04 3.25 4.48 3,805,218 3,466,699 3,820,812 3,596,520 3.10 3.36 4.67 5.92 4.70 5.10 5.39 6.64 8.68 8.85 8.92 9.22 35 84 116 161 1,930 1,247 500 141 2,537 2,580 2,486 1,794 22 29 28 26 6.00 6.75 10.75 12.80 3,823,591 3,835,430 3,871,324 4,074,908 5.04 4.38 4.11 4.13 7.39 6.39 6.39 5.89 10.83 10. 94 10.83 10.82 4,979 8,578 8,535 8,430 38 152 236 137 89 | 10.53 405 10. .53 440 10.52 382 10.64 14.79 13.83 13.83 14.54 35 39 38 123 11 13 4 ,049, 204 4,332, 405 1,233 2,244 2,806 2,925 3,063 4.36 3.59 3.17 5.64 4.89 4.89 4.89 10.98 10.79 9.96 8,713 7,773 8,900 105 114 356 330 400 14.45 14.90 14.13 1,478 1,482 1,749 1,776 3,100 2,810 3,256 3,206 2.77 | 2.63 I 8.59 8.63 8.50 8.57 7.56 9.06 616 879 1,422 295 | 10.64 109 ! 10.66 61 40 17 29 (6) 10.62 10.63 10.63 10.02 13.14 13.14 13.14 15.33 865 575 329 416 477 432 458 450 539 606 878 1,138 9.80 7 19 7 00 8.25 7.13 7.31 6.31 ,413, 627 4,611, 446 4, 753, 826 4,324,161 4,710,609 May.. June.. July.. See footnote on opposite page also. s Does not include bunker coal on vessels engaged in the foreign trade. » Average mine price of coal in 14 representative fields weighted by the production • Excluding Hudson Coal Company. in6each field. « Index number less than 1. No quotation. 70 PETROLEUM. Table 23.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] GASOLINE. CRUDE PETROLEUM. Stocks. Production." YEAR AND MONTH. Held at end of month.2 Relative to 1913. Number of days' supply. Imports. Con- | sumption. Relative to 1919. Total 3 Mexico. Price, KansasOklahoma. 1OO 82 127 154 213 100 86 62 212 297 610 704 158 160 201 201 224 767 829 681 100 98 109 107 165 166 170 177 208 197 225 216 May.... June July.... August. 137 1918 mo. av 1919 mo. av 1920 mo. av 1921 mo. av 1922 mo. av 143 152 178 189 222 99 105 127 152 234 109 1OO 79 96 132 1921. January... February.. March April 184 172 199 194 120 126 133 139 68 81 83 89 May June July August — 204 196 195 199 148 155 161 162 September October... November December. 178 173 184 204 1922. January -.. February.. March April Domestic Stocks, Exports.5 consump- endo? 4 tion. montli. Relative to 1919. 1OO 100 104 122 144 1OO 118 139 138 122 Production. Relative to 1913. 1OO 97 102 115 169 100 107 113 121 135 Oil wells completed. 135 190 100 87 48 98 87 72 113 76 73 246 337 594 699 724 235 244 364 182 192 93 110 127 77 91 90 1OO 123 130 157 153 1OO 173 143 157 91 1OO 124 131 156 82 1OO 98 134 167 227 180 207 195 856 765 749 744 364 207 187 187 115 91 77 140 118 127 129 176 171 148 185 103 79 121 116 121 144 151 158 616 691 542 226 190 197 190 195 650 793 269 259 161 127 107 107 92 73 60 136 130 127 131 130 124 89 156 124 155 160 176 169 159 145 120 107 103 100 103 616 784 876 929 191 208 211 220 817 776 814 107 166 228 241 49 47 56 70 126 134 131 133 114 154 150 117 153 159 122 109 109 97 105 124 187 199 211 225 116 128 126 149 814 944 786 206 182 216 188 851 781 800 864 241 241 241 241 72 72 83 91 135 121 143 143 163 124 172 99 92 133 135 149 171 181 189 224 220 225 225 235 244 249 250 136 137 140 133 945 821 672 565 223 221 230 242 861 786 791 642 241 241 206 134 95 104 113 107 156 159 173 167 182 176 191 117 174 177 198 204 181 175 164 149 September.. October November.. December.. 219 231 230 242 251 253 252 252 138 133 127 123 435 499 496 520 227 244 248 262 526 648 560 567 134 134 134 134 99 87 91 75 163 172 172 177 146 139 136 154 177 171 168 152 146 153 164 187 1923. January... February.. March April 249 234 271 241 243 247 121 8 124 120 517 8 294 394 266 8 228 265 554 471 612 145 185 198 195 76 69 78 189 172 191 191 218 223 155 130 154 212 239 267 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. av av av av av j | | j 7 May.. June.. July.. See footnotes on opposite page also. Except shipments of crude petroleum from Mexico. Crude petroleum production, stocks, imports, and consumption, and completion of oil wells, from U. S. Department of the Interior, Geological Survey; wholesale price of crude petroleum, average for the month, from U. S. Department of Labor, Bureau of Labor Statistics; data on gasoline from U. S. Department of the Interior, Bureau of Mines. a Figures for earlier years adjusted to represent approximate net stocks to conform with data for current months. * Mexican petroleum shipments from the three ports, Tampico, Port Lobos, and Tuxpam, form the best current measure of Mexican oil production. These figures are compiled from those published in the Oil Trade Journal. Current month is approximate from the Wall Street Journal. < Stocks held by refiners. 1 71 PETROLEUM. Table 24.—NUMERICAL DATA. From Government sources.* [Base year in bold-faced type; index numbers on opposite page. ] GASOLINE. CRUDE PETROLEUM. Stocks. YEAR AND MONTH. Production^ Held at end of month. 2 Number Imports. of days' suppl; on daily rate of Thousands of barrels. consumption. 1913 monthly average.. 1914 m o n t h l y average., 1915 m o n t h l y average.. 1916 m o n t h l y average., 1917 m o n t h l y average.. 1918 monthly average.. 1919 m o n t h l y average.. 1920 m o n t h l y average.. 1921 m o n t h l y average.. 1922 m o n t h l y average. 1921. January February March April 20,704 22,147 23,425 25,064 27,943 104,962 123, 709 145,914 144,556 128,201 29,661 31,531 36,911 39,137 45,933 103,886 110,026 133,115 159,237 245,673 Consumption. Total Price, Oil wells shipments KansascomOklafrom pleted. Mexico.3 homa. Per barrel. Thousands of barrels, 1,484 1,437 1,512 1,714 159 2,514 126 3,144 116 4,401 21,808 21,774 22,772 26,549 31,478 2,159 $0,934 1,766 .798 2,743 .583 3,318 1.258 4,608 1.775 Number of wells. Exports.5 Domestic consumption. Stocks, end of month. 4 Thousands of gallons. 1,592 1,389 763 1,565 1,383 237,546 34,676 218,420 343,946 5,319 7,280 12,814 15,093 15,611 2.197 2.279 3.404 1.704 1,796 1,487 1,747 2,024 1,218 1,445 297,526 329,821 406,879 429,462 516,853 46,926 30,667 52,979 43,817 48,295 260,265 286,320 354,848 376,382 447,104 386,202 472,411 464,485 630,757 791,022 54,065 52,497 45,392 56,624 294, 751 225,195 346,165 333,291 571,984 680,540 713,043 747,223 92 9,054 111 10,442 153 10,362 34,423 34,873 43,732 43,748 48,863 13,193 11,384 12,303 10,104 49,534 39,362 45,248 42,562 18,481 16,506 16,173 16,066 3.400 1.938 1.750 1.750 1,825 1,224 460,432 388,188 419,795 426,215 9,148 10,255 8,047 3,352 41,463 42,893 41,479 42,583 14,026 17,122 5,806 5,582 1 500 . 1 188 . 1 000 . 1 000 . 1,405 1,471 1,162 952 448,568 430,344 419,642 431,577 39,859 38,128 27,383 47,831 354,263 445,025 457,758 503,513 800,496 750,644 684,237 567,646 9,139 11,635 12,994 13,753 41,702 45,314 45,987 47,905 17,634 16,746 17,571 19,397 1.000 2.250 788 752 899 1,108 416,913 410,956 431,887 439,031 35,055 47,116 45,867 35,990 438,084 454,992 350,548 313,001 515,326 456,270 495,590 586,087 44,906 39,609 47,095 40,997 18,364 16,852 17,274 18,663 2.250 1,151 2.250 1,143 49,856 38,170 52,814 58,007 282,717 262,926 380,407 385,264 705,711 807,379 854,232 892, .568 38,138 125,589 79 35, 524 132,222 94 41,105 139,499 96 40, 233 146,399 103 42,189 155,267 116 40, 548 162,463 114 40, 461 168,821 126 41,109 169,682 124 September.. October.... November.. December.. 36,763 35, 832 38,108 42,173 172.874 124 174,149 119 178,260 116 185,623 120 1922. January February March April 43,141 40,814 46.634 44.635 221, 588 146 235,962 173 13,097 12,077 14,004 11,659 May June July.... August. 46,456 45,559 46,593 46,521 247,093 255,817 261,395 262,707 158 159 162 154 14,018 12,182 9,971 8,385 48.571 48,192 50,093 52,831 18,587 16,977 17,068 13,868 September. October November.. December.. 45,291 47,885 47/531 50,137 263, 761 265,073 265, 017 264,578 160 ^ 6,462 7,408 7,364 7,713 49.572 53,240 54, 072 57,181 11,367 13, 989 12,085 12,240 51,467 48,413 56,132 252,961 3 255,385 258,738 7,667 s 4,368 5,840 57,929 8 49,691 57,898 11,960 10,175 13,222 May.... June.... July.... August. Production. 196,228 135 208,851 148 154 147 143 1.550 2.125 1,574 1,452 2.250 j i ! \ 1,323 2.250 1,442 444,623 398,223 472,278 472,920 2.250 2.250 1.925 1.250 1,511 1,654 1,798 1,709 513,659 525,941 569,711 549,958 55,824 53;835 58,631 36,010 499,242 506,964 566,112 583,688 856,607 824,966 772,909 703,738 536,492 566,279 567,101 585,050 44,846 42, 757 41,572 47,223 507,935 490, 393 481,280 434,400 690,051 723, 584 776,724 883,793 623,823 568,652 630,701 58,505 66,968 68,506 443,128 373,564 440,000 1,002,857 1,130,341 1,259,209 1.250 1,572 1.250 1,388 1.250 1,450 1.250 1,197 1.350 1,208 1.725 1,094 1.850 1,248 1923. January February March April 140 9 144 139 1.825 May.. June.. July.. See footnotes on opposite page also. " Exports of gasoline," as used by the Bureau of Mines, includes the items " gasoline" a n d " a l l other n a p h t h a , etc.," as reported by the U. S. Department of Commerce, less exports to the Philippine Islands. 8 Represents production transported from field of production, does not include oil consumed at locality of production. 7 Covers first 21 days only, during which period t h e old tariff law was in effect. 8 Beginning February, 1923, stock figures exclude stocks of oil topped in Mexico, also excludes stocks of imported oil held at refineries. No comparable figures to those now being issued are available for previous m o n t h s , except for Decembef, 1922, with comparable stocks of 250,231,000 barrels, and January, 1923, with comparable stocks of 249,794,000 barrels. Imports of crude petroleum beginning February, 1923, will exclude topped oil:, on this basis the January, 1923, imports were only 5,069,000 T barrels. , £ Consumption calculated on the new basis was 56,210,000 barrels in January, 1923, while day's supply was 140 at the end of December, 1922, and 138 at the end of January, 1923, on this basis. 5 72 PETROLEUM PRODUCTS. Table 25.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type.] GAS AND FUEL OIL. KEROSENE OIL. Production. YEAR AND MONTH. Stocks. Production. Production. KEROSENE OIL. LUBRICATING OIL. Stocks. Production. Stocks. GAS AND FUEL OIL. Production. Stocks. Stocks. LUBRICATING OIL. Production. Stocks. Thousands of gallons. Relative to 1919. B —NUMERICAL A.—INDEX NUMBERS. DATA. 2 122,526 1917 monthly average 68 2 173 82 2 81 85 2 76 133,501 2 521,273 524,036 2 621,860 60,137 1918 monthly average 78 135 96 71 99 89 152,113 404,847 610,116 548,221 70,122 144,234 1919 monthly average 100 1OO 100 100 100 100 195,136 300,582 635,607 770,362 70,563 161,491 1920 monthly average 99 126 146 89 124 85 193,341 379,472 738,454 687, 858 87,226 137,212 1921 monthly average 83 134 127 151 104 143 162,094 402, 522 805,318 1,164, 926 73,155 231,172 1922 monthly average 98 100 140 172 116 143 192,194 301,618 892,186 1,327,662 81,563 230, 678 September 102 126 132 100 122 81 199,140 379,301 836,700 771,127 86,230 130,450 October November 110 128 130 104 132 84 213, 742 383, 828 823,115 799,024 93,230 136, 195 110 133 129 105 129 88 214,804 398,992 822,638 808, 803 91,180 142,181 December 108 131 135 109 129 99 210,668 393,071 859,131 837,404 90,895 160,522 1920. 1921. 105 139 132 120 122 114 205,375 418,748 836,684 921,028 85,909 1S3,813 February 84 143 115 129 103 125 163,082 430,045 732,542 993,127 72, 432 201,628 March 87 149 119 130 169,248 446, 367 758,335 1,005,318 73,003 223,414 80 153 128 137 103 108 138 April 155 156,157 458,667 813,444 1,056,485 76,457 249, 593 May 74 151 129 162 145,225 452,438 817,368 261,760 145 130 89 162 141,637 435,057 826,355 1,163,389 1,248,664 70,000 73 151 162 99 June 63,089 July 71 137 127 165 93 160 138, 724 412,202 807,428 1,269,419 65,893 260, 883 258,638 August 74 130 123 161 94 150 143,652 389,893 784,450 1,243,146 66,473 242, 530 September 79 124 124 160 98 143 788,408 1,229,254 69,053 230,227 94 111 161 108 134 334, 580 833,775 1,238,269 75,971 216,770 November 90 113 131 126 154,017 182,454 371,235 October 166 109 141 175,240 340,026 799,257 1,279,451 77,005 228,038 December.... 87 113 136 173 117 134 170,315 341,009 865,769 1,331,265 82,573 216,766 89 86 92 109 135 171 120 107 134 172 162 104 157 147 172,917 167,220 245, 231 110 105 98 152 February.. March April 97 108 125 167 103 May 89 89 106 147 172 106 108 142 172 95 151 149 January 1 ; 1922. January June 99 94 July August 327,484 858,111 1,319,481 74,314 761,085 849,106 1,321,589 69,123 253,568 178, 785 331,423 321,428 188,809 325,836 791,643 73,391 72,945 236,886 ' 147 1,250,278 1,282,801 113 114 140 173,824 173,650 318,890 317,574 936,742 1,321,438 903,057 1,326,940 79,848 80,138 226,293 141 176 130 140 192,924 324,586 959,029 126 137 184,383 285,520 944,289 91,715 88,824 226,691 177 1,358,870 1,366,612 237,230 226,904 ' 220,668 September 101 90 144 177 116 133 197,935 270, 577 917, 858 1,364,957 82, 057 214, 728 October November 110 85 145 178 124 135 215, 203 256, 259 921,606 1,368,749 87,341 217,775 120 86 140 176 127 140 234,436 257,879 891,590 1,352,348 89,271 226,430 i December 116 94 153 169 127 146 226,239 281,050 972 111 1,304,728 89,785 235 735 1923. 109 92 156 164 123 149 212,447 275,437 989,376 1,265,074 87,078 240,690 • February 92 91 142 166 110 148 180,375 272,763 902,563 1,276,876 77,498 238,859 March. 98 94 15? 163 129 146 190,701 283,340 970,891 1,254,122 90,745 235,263 January April May June Julv ! 1 1 Data from U. S. Department of the Interior, Bureau of Mines; stocks are refiners' holdings at end of month. ~ Six months' average, July-December, inclusive. 73 AUTOMOBILES. Table 26.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Data from Government and non-Government sources,1 1918 mo av 1919 mo av 1920 mo. av.. 1921 mo. av.. 1922 mo. av.. Automobile accessories and parts. Automobile trucks and wagons. Passenger automobiles and motor cycles. Trucks. Passenger cars. By boat. Driven away. By railroad. Automobile accessories and parts. INTERNAL REVENUE TAXES * ON— Thousands of dollars. Number of machines. B.—NUMERICAL DATA. A . — I N D E X NUMBERS. 1913 mo av 1914 mo av 1915 mo av 1916 mo av 1917 mo av PRODUCTION. 3 SHIPMENTS.* Carloads. Relative to 1920. Relative to 1919. Relative t o L920. Automobile trucks and wagons. INTERNAL REVENUE TAXES < ON— Passenger automobiles and motor cycles. By boat. Driven away. YEAR AND MONTH. By railroad. SHIPMENTS.* Trucks. PRODUCTION, s Passenger cars. [Base year in bold-faced type.] 28 7 38, 458 1 958 33 8 45,307 2,115 6 167 77 49 23 16 048 68 218 108 90 28 22 598 124 468 7 500 107 105 41 22 462 145,066 10 680 77 199 18 938 64 56 72 113 1OO 1OO 114 102 100 1OO 1OO 13 456 6 84 5 90 5 101 1OO 1OO 1OO 20,922 5 138,138 2 6 , 3 6 4 23 726 39,239 4,698 5 $5,824 s $1,138 26,837 6,967 1,263 4,250 156,930 $4,305 78 31 40 93 46 ; 61 54 79 16,290 12,037 1,859 127,916 12,090 4,270 687 3,374 132 61 103 141 77 | 90 63 69 27,646 25,380 4,837 194,514 20,254 6,238 799 2,946 May 89 39 51 77 66 68 18,608 15,193 2 381 5 355 832 2,873 June July A ugust 97 48 84 65 77 20 269 18 834 3 947 4,497 973 3,369 93 40 79 79 72 19 514 15,533 3 726 99 39 91 35 85 1921. September... October November... December... 1922. January. February March. April May June July A ugust. September... October. November... December... 1923. January February March April 165 574 10,766 3 873 505 3 042 3 595 167 705 13 080 8 428 1,281 3,999 2,959 13,648 2,465 670 6,777 2,226 144,669 134,734 12,813 4,414 514 4,565 10,528 1,402 106,042 10,010 5,427 655 3,357 7,501 188 70,690 8,307 3,999 474 2,863 15,357 7,479 143 81,693 9,416 2,567 457 1,751 19,636 10,173 180 109,171 13,195 2,606 397 2,385 16 917 560 152 959 19 761 3,845 487 2,674 22,381 2,960 197,216 22,342 4,377 731 2,231 981 1,254 2,684 613 1,324 3,123 3,555 3,813 41 56 40 77 120 121 50 121 101 94 20 758 15 218 63 105 52 35 159 19,002 13,840 33 47 98 49 63 53 41 107 17,808 12,971 68 27 30 52 79 14,264 19 4 38 32 78 59 77 51 57 38 67 12, 310 73 94 19 3 59 36 37 36 41 26 4 79 50 37 31 56 27 753 31,334 133 43 12 111 75 55 39 150 57 63 143 85 63 58 63 52 164 73 157 168 90 98 78 63 34 324 28 760 7 366 232 431 23 788 6,834 158 78 72 168 190 162 99 83 93 113 52 99 71 263 027 25 984 7,848 73 84 33,857 28 100 36 754 7,737 49 105 34,230 29 116 32 814 7 030 10 096 224 770 248 122 21 837 24 467 8 632 8,002 187,661 19,188 21,512 7,190 770 11,587 891 3,479 5,559 5,112 915 3,576 765 3,066 139 157 124 130 130 129 94 150 215 180 125 103 166 25,950 71 90 82 30,055 27,100 35,203 7,605 216,099 156 73 82 82 61 80 72 84 27,232 5,070 215,284 150 76 73 61 72 26,900 27,376 27,500 1,300 207,269 21,683 20,050 136 77 90 170 162 156 70 70 108 28 8 699 3,016 77 109 15 162 73 43,600 223,706 254,650 19,377 21,815 3,243 56 728 882 799 83 35,228 36,147 7,732 184' 76 82 30,027 19 111 84 63 171 5,887 209 149 40 231 131 116 57 79 43,774 58,320 1,900 318,424 34,593 8,070 710 725 3,476 3,378 212 148 95 44,400 58,100 4,443 168 May Jane July 1 Automobile shipments from National Automobile Chamber of Commerce; current automobile production data from U. S. Department of Commerce, Bureau of the Census; yearly figures 1913-1921 from National Automobile Chamber of Commerce; internal revenue taxes on automobiles and accessories from U. S. Treasury Department, Bureau of Internal Revenue. 2 Represents shipments from factories covering almost the entire automobile production of the United States. s Total of membership of the National Automobile Chamber of Commerce, to which are added reports from outside manufacturers, representing practically complete production. Annual figures through 1921 represent complete production as compiled by National Automobile Chamber of Commerce. * Data represent internal revenue taxes collected under the revenue acts of 1918 and 1921. For taxes on automobiles and motor cycles ("including tires, inner tubes, parts, and accessories therefor, sold in connection therewith") the rate is 5 per cent and payable by the manufacturer. For taxes on automobile trucks and automobile wagons ("including tires, etc., sold on or in connection therewith") the rate is 3 per cent and payable by the manufacturer. For taxes on "automobile accessories and parts sold to any person other than a manufacturer (of automobiles)" the rate is 5 per cent and payable by the manufacturer. & Six months' average, July to December, inclusive. 74 RUBBER. Table 27.—INDEX NUMBERS. Based on data from commercial and trade sources. [Base year in bold-faced type; numerical data on opposite page.] AUTOMOBILE TIRES.* Pneumatic tires. Y E A R AND M O N T H . Production. Ship- ProducStocks. ments, tion. domestic Raw material consumed. Solid tires. Inner tubes. Ship- ProducStocks. ments, domestic. tion. ShipStocks. ments, Fabrics. domestic. Crude rubber. av. av. av. av. av. 100 123 191 233 350 83 100 138 100 152 67 100 39 44 67 97 37 44 67 96 279 227 295 270 21 21 22 22 115 104 95 94 91 113 127 152 117 120 143 166 117 118 132 171 247 359 286 343 22 20 20 20 106 131 123 114 70 71 75 73 114 104 79 90 113 103 95 95 109 109 98 101 358 493 536 607 22 26 27 26 82 74 91 102 114 112 140 132 79 79 79 75 76 84 110 119 115 100 141 129 118 103 149 135 559 691 665 449 24 20 20 157 135 124 114 128 173 158 184 163 187 202 238 74 74 76 138 144 137 158 152 151 144 164 162 165 157 188 370 528 589 563 22 21 21 22 155 168 171 151 113 120 136 125 155 149 134 167 234 242 243 218 102 106 152 162 140 147 136 150 135 142 157 172 160 161 3 459 770 578 812 21 24 27 28 175 179 216 128 148 169 164 131 167 236 213 276 114 117 115 138 144 175 164 177 203 191 191 232 856 34 38 36 34 <150 1921 monthly a v . 1922 monthly a v . 100 141 100 116 100 128 100 141 100 132 100 133 39 45 64 91 126 123 109 107 51 56 85 94 33 41 60 78 122 119 110 108 45 49 72 87 60 66 81 82 132 132 123 117 May June July August.. 116 127 141 167 106 99 92 109 139 145 152 98 104 134 196 104 84 102 141 157 166 99 80 95 158 September October November December 106 106 97 101 79 84 93 107 88 70 104 145 126 94 92 84 104 114 104 115 88 67 110 1922. January February... March April 113 115 146 132 99 111 123 130 84 82 109 110 104 115 134 117 115 134 153 158 May June July.... August.. 150 156 136 160 131 120 115 110 138 164 141 159 132 139 136 169 September October November December 138 147 150 146 109 111 118 109 131 136 125 154 1923. January February... March April 172 177 213 111 124 135 157 136 174 <123 4 343 100 100 See footnotes on opposite page. 100 131 185 May.. June. July.. 100 281 462 489 358 586 1918 monthly a v . 1919monthlyav. 1920monthly a v . 1921. January February.. March April Wholesale price, Imports. Para Island, New York. Relative to 1913. Relative to 1921. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917monthly INDIA RUBBER.' 60 41 23 23 75 RUBBER. Table 28.— NUMERICAL DATA. Based on data from commercial and trade sources, [Base year in bold-faced type; index numbers on opposite page.] AUTOMOBILE TIRES. 1 Pneumatic tires. Inner tubes. Raw material consumed. Solid tires. INDIA RUBBER.* I Whole- YEAR AND MONTH. : Ship- Produc! ProducStocks. ments, ! tion. domestic. tion. ShipStocks, ments, Produc- Stocks. domestic. tion. Shipments, domestic. ! j , Fabrics. j | I price, Imports. Para Island, New York. Pounds. Number. Per pound. 1913 m o n t h l y a v . 9,656,720 1914 monthly a v . sale Crude rubber. * 658,946 $0,807 11,922,097 I .616 1915 monthly a v . 18,456,827 .557 1916 monthly a v . 22,507, 517 .669 1917monthlyav. 33,803,190 j .648 1918 monthly a v . . 27,163,276 . 42,771,284 1919 monthly a v . . •2,736,292 1920 monthly a v . . .549 44,661,702 4 121.234 .483 47,212,178 1921 monthly a v . . 1,818,315 4,213,384 1,905,616 12,258,517 4,568,067 1922 monthly a v . . 2,558,178 4,866,757 2,435,158 3,178,0 6,038,662 1921. January ' February. .I 703,430 [ 5,319,605 .333 17,922,039 34,606,109 .182 193,388 57,404 ; 9,257,355 j 27,301,029 56,594,921 .183 2,292,287 35,354 230,862 3,054,703 65,550 43,960 ! 6,696,317 965,417 740,824 5, 586,163 1,042,617 21,220 303,753 j 29,116 2,598,143 | 6,625,435 26,911,753 .173 819,892 5,193,018 1,073,756 916,627 5,415,464 1,129,881 23,355 i 304,374 29,599 2,952,058 7,823,657 21,933,165 .168 I 1,163,314 4, 597,103 1,614,651 1,346,483 5,044, 861 1,643,690 28, 710 j 283, S00 43,926 4, 474,965 12,075,298 28, 508,995 .180 April 1,651,418 4,527,445 1,785,951 1,762,122 4,916,772 1,983,571 28,859 ; 269,985 42,080 6,524,668 17,191,149 26,087,408 .178 May 2,100,917 4, 451,668 2, 085, 882 2,210,040 4,751,880 2,342,567 35,156 | 264,633 40,122 7, 863,738 21,050,554 23, 890, 838 .179 June 2,313,265 4,154,456 2,643, 850 2,359,928 3,835, 098 3, 232,673 28,395 [ 240,336 49,867 8,044,486 34,624, 748 .164 July j 2,570,524 3,892,037 2,757,581 3,020,981 3,122,815 I 3,603,248 35,123 ! 220,003 55, 678 9,565,128 j 23,719,637 27,647,874 .164 August ! 3,043,187 3,934,583 2,894,422 4,430,152 3,649,319 3,804,060 55,694 I 216,367 | I 66,866 11,131,256 j 30,634,353 33,103,804 .165 September \ 1,929,268 j 3,340, 798 2,047,929 3, 274, 822 3, 827, 830 2,645, 758 37,441 | 161,832 50, 276 7, 580, 858 October I 1,928,271 [ 3,545,030 1,675,169 2,843,918 4,732,016 2,016,371 46,274 I 163, 299 45,911 6,905,681 j 19,602,342 N o v e m b e r . . ; . . . . j 1,7.56,555 | 3,908,342 1,342,519 2,126,211 5, 203, 568 1, 540, 299 43,537 | 173,451 34,556 6,349,808 | 17,608,993 51, 731,184 .215 December 3,696,519 1,980,264 2,070.098 4, 731,021 2, 522, 710 40,478 | 168, 515 39.520 6,365,014 j 18,049,077 58,644, 821 .211 January 2,055,134 ! 4,174,216 1,596,806 2,343,393 5, 246,647 1, 889, 724 40, 224 181, 769 33,294 7,706,622 j 21,180,446 54,010, 946 .193 February 2,084,308 1,562,365 2, 596,774 6,141, 956 1,702,583 39,492 183, 448 36,805 6,710,973 ! 18,466,916 66, 744, 240 .163 March | 2,645,790 | 5,183,286 j 2,073,963 3,017,511 6,991,118 2,090,737 49,433 182,197 48,350 9,431,205 26,771,245 64,215,222 .161 April 2,401,187 j 5,464,336 j 2,086,651 2,650,573 7,230,096 2,329,343 46,664 173,748 52,309 8,623,915 24,125,450 43,407, 359 .171 March 1,839,738 4,691,329 21,207,555 19,476,415 34,546,411 .174 47,642,303 .210 May 2,721,503 j 5,523,095 2,639, 273 2,970,696 7,189,552 2,938,947 57,640 170,904 60, 711 10,161,225 29,068, 462 35, 727, 058 .176 June | 2,838,890 j 5,042,147 3,133,260 3,130,629 6,186,534 3,973,679 66,089 169, 808 63,408 10,119,500 29,654, 934 50, 952,024 .169 July ! 2,476,636 I 4, 834,106 August 2,905,209 2,695,095 3,068,199 5,675,839 3,630,744 71, 505 176,375 6Q,425 9,616,542 28,180,511 56, 854,758 .172 4,629,392 3,029,823 3, 808,224 5,207,228 4, 220,055 84,313 189,698 69,435 11,005,868 33,738,981 54,332,275 .176 9,131, 868 28,051,063 September 2,504,744 4,612,037 2, 502,106 3,501, 442 5,164,757 3,558,971 82,767 200,016 66,797 44,344,862 .171 October 2,674,662 4,682,958 2, 588, 770 3, 787,758 5,4«8,033 3, 420,680 85,480 213,942 71,275 10,064,943 30,893,542 74,315,183 .196 November 2,733,134 4,964,976 3,850,908 6,210,053 3,075,023 85,775 234,684 61,4bt> 9,014,858 28,671,802 55,819,047 .219 December 2,656,942 4,599,208 2,379,708 2,934,079 3,411,074 5,732,125 3,825,949 77,221 244,061 64,570 9,500,735 28,809,000 78,416,074 .223 82,652,532 .272 1923. I January ! 3,127,270 4,695,916 2,994,297 3,951,885 5,838,310 3,748,651 83,343 262,462 60,611 10,997,350 34,186,395 February j 3,217,987 5,224,387 2,588,639 4,039,202 6,771,958 3,001,697 75,457 270,191 63,394 11,833,502 34,235,455 .307 March | 3,865,726 5,670,601 3,322,637 4,875,414 7,740,945 3,828,315 79,788 265,843 77,144 13,596,336 i 41,593,860 .290 April | .274 May.. June. July.. 1 Data furnished by the Rubber Association of America. The.number of firms has increased from 36 in November, 1920, to a maximum of 66 in 1922. It is stated by the Rubber Association that this variation in the number of firms does not change the totals to any great degree, except for the omission of the Firestone Tire Company, beginning in September, 1921. 3 India-rubber imports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; wholesale prices, average weekly, from U. S. Departmen to Labor. Bureau of Labor Statistics. 3 Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. < Computed from census data for the year indicated. The figures are not directly comparable but are given here to show the production of automobile tires as ascertained from the census of manufactures for the years 1911 and 1919. 76 HIDES AND LEATHER—PRODUCTION AND STOCKS. Table 29.—INDEX NUMBERS. sources,1 Based on data from Government and non- Government [Base year in bold-faced type; numerical data on opposite page.] STO<:KS OF HIDES A N D SKI YEAR AND MONTH. Cattle hides. Calf and kip skins. Sheep and lamb skins.6 SOLE AND BELTING LEATHERS ! Stocks Stocks, in end of , process m o n t h , of t a n ning* Total hides and skins. UPPER LEATHERS Produc- Stocks, Stocks Producin tion of end of process tion of ! finished m o n t h . of t a n - finis lied leather. ning. leather. OAK SOLE AND BOOTS LEATH- SKIV- U N I O N AND ERS. H A R - SHOES" ER. NESS.3 SALES OF BELTING.5 P r o d u c - , Quan! t i o n . j tity. Value. Production Relative t o 1919. Relative to 1921. 1915 mo. av.. 19ir>mo av 1917 mo. a v 88 191Smo.av.. 1919 mii. a v . . 1920 mo. a v 1921 mo. av.. 100 89 1OO 115 116 111 109 137 120 95 100 100 95 98 109 105 94 95 September October November. . December... 89 87 84 84 1022. January February... March April 86 82 81 1921. January February March . April May June July August May June July August September.. October November. . December... 1923. January February... March April 4 214 100 82 100 81 1922mo.av.. « 107 106 119 104 10S 91 1OO 82 1OO 117 115 96 i 95 '• 99 110 107 103 103 97 91 101 104 104 106 107 105 95 95 105 1()9 92 96 99 101 90 89 91 88 84 83 96 86 85 79 82 78 79 80 93 99 91 90 86 92 92 93 85 83 ' 73 86 79 7Q 79 79 59 110 86 98 95 93 112 90 96 98 82 i 44 60 74 73 44 40 43 41 49 44 60 60 47 51 43 42 49 4G 4S 39 40 42 44 42 37 36 38 37 32 32 91 [ 89 | 106 97 : 43 44 53 53 37 38 46 45 95 90 i 82 i 100 55 60 69 83 47 53 57 71 102 110 109 , 101 ! 67 70 66 64 58 63 61 Ill 110 ; 124 ! 73 02 1)0 ; 73 71 63 58 84 87 63 63 72 92 108 109 121 83 81 76 86 143 80 89 95 93 138 132 117 134 59 i 63 66 63 68 82 99 100 99 9s 101 94 99 i 100 9^ 99 98 102 98 99 : i 98 105 ' Qs j 85 93 96 99 101 107 99 97 106 76 101 104 104 99 100 10S ' 96 98 108 108 115 111 98 98 107 107 116 121 114 127 103 106 103 103 1 53 S3 S3 95 93 90 90 107 94 99 87 106 113 109 111 107 104 129 121 134 115 90 79 82 71 126 113 129 107 102 99 90 89 70 72 74 80 107 112 88 88 100 97 99 101 116 113 96 92 107 103 102 96 100 96 99 96 126 141 98 145 j 100 98 135 i 100 101 100 101 60 101 101 115 S7 9S 86 S2 Si 80 77 77 77 77 111 171 100 122 80 7S 99 100 9s 42 100 12G 96 100 100 100 l')2 100 102 100 102 1OO 101 100 96 100 % 100 88 66 86 88 52 i 85 ! 87 ! 40 <6 * 40 j 79 83 87 90 96 97 103 96 91 97 72 83 82 97 80 80 ! 71 69 81 84 88 70 69 65 87 93 92 89 ' ; i ! | . 88 ' 92 92 89 100 102 90 88 87 87 88 90 90 96 98 102 100 100 98 98 95 93 87 85 96 100 93 92 84 100 110 99 116 92 108 ! 131 141 i 134 153 2 108 95 101 2 97 : 131 109 ; 79 83 79 79 146 211 110 ; 112 ! 145 142 113 110 88 77 91 157 159 121 176 117 122 58 • 68 : j May June July 1 i 1 See footnotes on opposite page also. ] Based on figures compiled by the IT. S. Department of Commerce, Bureau of the Census. The data embrace returns from packers, tanners, dealers, importers, and manufacturers. As given in the detailed monthly reports, which can be obtained upon request from the Bureau of the Census, the returns for hides and skins are expressed in numbers of hides and skins. For the above summary these have been reduced to p pounds on the basis of the average weights of each class. Similarly data on leather u e r s o ides ha have been converted to pounds or square f t ffrom reports iin skins, sides, b k b t t pounds, etc. h b td t d feet t ki id backs, butts, d t * Prior to July, 1922, these figures were compiled by the Tanners' Council. Since July, 1922, they have been compiled by the Bureau of the Census and for skiver and been compiled by t e u u f e u e nd th g fi f J l y, 1922 t d i t ly harness production represent returns from a much larger number of firms than reported to the Tanners' Council. H Tanne cil Hence the figures from July, 1922, on are not directly , comparable with those for preceding months The index numbers in Table 27 for the months after July 1922 have been computed by chain relatives and take account months. July, 1922, of the percentage variation rather than the absolute variation in the figures. The index numbers show the trend of the industries irrespective of the change in the number pg f fi ti of firms reporting. HIDES AND LEATHER—PRODUCTION AND STOCKS. Table 30.—NUMERICAL DATA. From Government and non-Government sources. [ Base year in bold-faced type: index numbers on opposite page.] STOCKS OF HIDES AND SKINS.i Cattle YEAR AND MONTH. hides. Calf Sheep and and kip lamb skins. skins. 6 SOLE AND BELTING LEATHER.1 Total hides and skins. Stocks, end of month. ess of tanning. finished leather. mo. mo. mo. mo. ProI Stocks, ducStocks, in proc- tion of end of ess of finmonth. tan- ished ning. leather. av. av. av. av. Stuffed sides. || 1,053,073 UG, 039 ii !| 1,876,285 I 15,032 jl 1,535,290 ' 13,274 57,986 j! 1,499,225 ! 10,053 25,751 72,903 i; 1,154,780 95,244 90,974 50,266 104,8S5 32,935 27,452 430,897 , 193,528 355,025 | 180,434 111,217 100,679 25,657 I 423,021 24,557 |i 428,109 1921. January February.. March April 32,900 31,225 32,427 32,481 502, 451 494, 995 475, 081 400, 114 100,705 I 110,787 111,082 112,321 ; 22,444 I 425,942 135,515 21,205 ( 427,508 140,005 25,502 I 485,009 j 152,580 24,000 ! 419,308 j 158,224 I 25,242 ' 420,712 I 102,498 20,122 ; 410,553 , 106,4G2 25,028 ! 417,145 : 174,941 20,985 I 411,505 | 173,8-18 53,532 02,448 03,217 70,418 07,545 ' 1,507,185 ! 20,083 09,901 | 1,070,240 I 19,890 ; 17,533 05,900 j 1,7X9,390 20.149 73,557 1,753,755 ; : [ I 49,507 55,879 60,002 02,551 74,503 70,290 77,510 00,700 I j j I 79,942 09,880 55,495 58,225 3G9,2G8 35G, 950 318,078 322,317 59,909 00,325 50,424 53,270 September.. 301,094 29G,429 October November. . 285,203 December... 283,909 53,821 53,022 51,502 49,083 31,515 32,GG3 33,410 31,654 380,430 382,114 370,235 364,700 193,013 194,754 193,841 195,897 112,402 110,044 115,422 110,220 25,083 27,693 29,544 28,431 ,: 408,038 i 413,375 !j 415,304 ! 415,790 VJ22. January February. . . 277,100 March ! 274,082 April j 209,828 48,005 45,302 40,410 40,858 30,703 32,012 29, 852 29,591 309,039 355,134 350,350 340,277 199,324 204,471 200,072 199,177 105,712 103,311 99,594 100,258 27,486 24,200 25,275 22,416 422,318 431,704 449,915 477,709 May Juno July August 50,187 53,721 53,828 54,282 27,855 j 339,977 27,428 I 341,427 24,155 339,052 28,236 ! 342,500 August September.. October November.. December... Thous. of pairs. Pounds. Thous. ofdols. 754,274 846,604 739,028 707,423 27,602 23,793 26,990 1,171 1,199 1,354 710,214 1,365 094,899 1,662 548 300,090 718 427,395 I 180, 531 184, 707 189, 0:53 191, 898 389,519 393,890 387, 759 3G9,408 May Juno July QuanValue. tity. 203,596 1919 mo. av. 1920 mo. av. 1921 mo. av. 339,548 58,414 1922 mo. av. 275,293 52,281 104,216 160,770 SALES O F BELTING.* Production. Production.2 Backs, | Thousands of square feet, bends, and Dozens, sides, i Thousands of pounds. 1915 1916 1917 1918 OAK SOLE AND BOOTS LEATH- SKIV- UNION AND ERS. HAR- SHOES.' ER. NESS.3 UPPER LEATHERS ! 201,935 200,278 201,009 259,9X2 l': ii 33,335 j | 402,512 j: 204,137 34,388 | 451,003 || 197,200 34,405 ' 409,507 197,010 34,700 410,353 j 193,070 207, 232 50, 229 ' 20, 18' 281,073 50,410 20,403 294, 970 60,090 23, 522 305,570 55,975 22,878 111,002 109,378 110,070 I 108,439 j 190,039 I 99,009 j 22,576 192,151 99,295 j 23,640 185,927 97,549 j 23,554 177,072 97,873 I 22,822 30,302 33,570 48,955 50,420 |j 1,190,950 ii 1,177. 888 i! 1,351,140 !; 1,422,727 | 42,236 56,971 70,194 69,922 309,474 285,575 300,146 288,584 GOG 600 626 552 14,499 j 57,480 14,753 57,196 12,321 44,971 21,430 J 48,286 308,872 300,109 328,514 340,500 572 539 548 570 24,133 311,709 299,867 262,820 258,852 525 501 439 433 59,815 65,067 78,100 94,598 25,120 24,551 29,350 26.852 302,904 314,054 373,610 373,116 510 524 625 615 452,051 104,434 [ 67,275 I j 1,320,635 10,099 ; 90,813 437,151 I 1.9,099 65,570 • I 1,358,973 16,815 I 95,953 432,185 102,337 62,807 ' 1,307,594 '• 25,239 115,561 j 407,794 105,277 30,629 130,103 70,007 ; 1,500,304 | 26,227 24,831 22,686 27,676 388,686 424,377 487,469 590,618 636 721 780 967 ' j ! j 177,120 177,709 175,500 170,051 j 179,574 j 181,885 I 175,300 i 170,179 ' !j 14,234 j 13,987 1 16,867 13,484 ! ! 1,501,220 ; I1 1,521,521 ; 1,431,373 ! 1,007,302 : | 1,092,840 ! | 1,477,597 | ! 1,539,032 | 1 1,327,037 1 18,950 17,021 19,451 16,005 23,535 349, 648 303,8X6 378, 588 384,423 174,082 109,356 108,771 108,967 I 97,555 I 100,324 1 100,590 I 106,481 25, 2GG 26,158 25, 044 25,6.50 413,250 I 104, 19 L 415,334 158, 126 402,509 i 102,545 395,450 ' 157,090 73, 170 i 1,490,938 81, X75 1, 550, 790 1, 482,074 SI, 774 1,473,652 77, 948 34,040 131,265 49,152 133,146 33, 797 134,589 32,993 130,706 28., 288 30, 366 30,076 27.853 475,380 499, 943 467,816 451,957 826 785 375,099 401,105 397,982 108,012 106,900 104,270 j 111,239 163f061 111,261 2S,250 25,490 29,806 392,951 ; 100,941 390,357 ! 104,878 3X8,070 ; 161,687 84,021 j 1,654,064 j 7x,209 I 1,449,040 88,721 \ 1,698,054 30, 416 ' 144,213 30, 948 139,365 40, 935 145,843 30,711 30,249 34,356 571,036 441,863 520,379 928 815 972 I 1923. January 309,904 February... 330,260 328,588 March April 42,164 48,259 48,120 22,971 22,646 21,274 May. June. July. See footnotes on opposite page also. Beginning December, 1919, these statistics cover amount of harness leather " stuffed" rather than that produced, but it is stated that the variation between these items is small. 4 Includes estimated production of firms outside Tanners' Council. s Data on sales of oak leather belting from the Leather Belting Exchange, and is estimated to represent from 65 to 75 per cent of the industry. » Includes skins with and without wool, but does not include weight of wool. i Compiled by U. S. Department of Commerce, Bureau of the Census, from over 1,000 firms each month. Figures for the years 1919 and 1921 are those reported by t h e census of manufactures for those years. Production in 1914 totaled 252,516,603 pairs, or an average of 21,043,000 pairs per month. 3 78 HIDES AND LEATHER—TRADE AND PRICES. Table 31.—INDEX NUMBERS. Based on data from Government sources. [Base year in bold-faced type; numerical data on opposite page.] EXPORTS OF LEATHERS WHOLESALE PRICES.2 IMPORTS OF HIDES AND SKINS.i Hides. AND MONTH. Total 1 Total CalfSole, j Upper. boots | hides i skins. and | arid ! shoes, i skins, j 1 3 Cattle hides. Leather. Green Wosalted, CalfSole, Chrome Men's Men's m e n ' s Goat- Sheep- packers' skins, hemlock, calf, black black dress skins. skins. heavy country middle " B " kid, calf, welt native No. 1 No. 1 grades blucher tan calf Goodsteers year (Chi(Bos(Bos(Bos(St. (Chicago). ton). ton). Louis). welt (St. ton). cago). Louis). Relative to 1909-1913 average. 4 Relative to 1913. Relative to 1913. » 100 * 100 ! 91 | 107 !| 100 1900-1913, monthly av 1913 monthly average. Boots and shoes. 191-1 monthly average 55 1915 monthly average. 81 I I 104 ! 100 111 114 100 142 179 107 118 ! 132 100 102 100 100 104 100 105 119 106 100 138 106 167 127 115 150 107 110 100 104 | 1916 monthly average. 106 1917 monthly average. 90 132 178 215 190 215 153 180 191S monthly average. 63 83 164 197 172 222 181 178 146 1919 monthly average. 136 134 214 363 187 360 244 245 220 1920 monthly average. 82 130 17C 195 189 366 288 257 255 1921 monthly average. 64 72 76 79 127 193 225 195 169 1922 m o n t h l y average 82 97 98 85 124 164 209 150 145 May.... June July.... August.. 17 29 23 33 64 78 79 91 46 115 65 90 131 195 225 158 167 35 j 56 103 97 112 113 104 76 82 128 195 225 158 167 49 | 74 80 66 105 74 59 76 81 124 195 225 158 167 36 ! 129 86 81 123 107 76 121 195 225 158 167 18 I 38 40 55 41 May.... June July.... August. 94 71 85 41 77 82 85 83 61 77 85 121 195 225 158 167 61 52 58 97 55 80 82 121 194 217 153 158 36 59 35 62 67 84 86 77 121 186 217 153 158 67 65 57 70 70 76 90 74 121 186 217 153 158 50 63 91 74 38 46 54 55 65 82 71 75 33 83 122 67 68 61 43 29 78 84 25 85 106 85 71 90 87 76 73 121 124 124 124 173 173 158 154 217 217 213 209 153 153 153 145 158 44 90 61 89 39 104 88 121 79 124 154 209 145 138 91 54 105 63 138 92 100 91 128 158 209 145 138 76 46 93 53 125 59 28 99 124 j 161 209 145 138 73 52 140 91 194 68 167 109 124 161 209 145 138 90 50 1922. January February March April 50 38 September.. October November. . December... September. October November. December.. 1923. January February March April 160 : 5 & r 158 140 73 74 50 118 ;| 5 53 | M35 116 97 124 173 205 152 141 33 63 161 || 145 209 116 i 125 123 104 124 173 204 153 141 24 86 60 149 jj 99 211 90 : 119 124 100 124 167 204 153 142 44 72 63 140 ij 96 186 96 ! 110 111 85 124 167 294 153 142 36 79 57 138 67 173 108 j 178 210 153 142 65 86 88 8 167 56 109 108 6 124 69 6 124 6 167 210 153 142 64 80 73 105 88 88 209 153 142 200 153 142 33 98 1 |j -> 158 102 May. June. July. 158 See footnotes on opposite page. 79 HIDES AND LEATHER—TRADE AND PRICES. Table 32.—NUMERICAL DATA. From Government sources. [Base year in bold-faced type; index numbers on opposite page.] EXPORTS OF LEATHER. * IMPORTS OF HIDES 4ND SKINS.1 WHOLESALE PRICES.' Hides. YEAR AND MONTH. Sole. Total Upper.3 boots and shoes. Total hides and skins. Green, Cattle hides. Calfskins. Thou- ThouThousands of sands of sands of pounds. sq. it. pairs. 3,657 2,229 10,222 1,869 1,198 1,300 6,175 3,908 17,023 7,288 3,559 6,744 1,237 1,100 1,780 1,403 455 1,574 3 137 4 310 3 142 538 1917 monthly average. 1918 monthly average. 1919 monthly average. 1920 monthly average. 1921 monthly average. 1922 monthly average. 1921. May June . July August 765 598 849 747 471 624 1 088 5,289 5,684 $0,184 $ 0 , 1 8 9 $0,282 $ 0 , 2 7 0 5,495 .196 .302 .210 .280 6,257 .242 .215 .309 .285 8,461 .262 .338 .388 .450 $3.11 3.17 3.25 3.71 $3.17 $3.00 3:28 3.00 3.35 3.00 3.44 4.01 5,380 2,928 3,995 4,630 5.68 5.65 7.77 8.14 5.18 '4.74 33,505 44 050 34 378 38 090 b, 383 6,589 4 501 5 882 17,343 21 496 20 066 15 475 3,762 9,241 6 063 10,078 6,108 5 522 3 110 5 674 .119 .169 .370 .525 140 156 360 525 139 153 140 162 .350 .340 525 7.00 7 00 7 00 7 00 5.00 5 00 5 00 5 00 5 5 5 5 32,806 26 243 25 149 27,686 5,427 3 544 2,411 3,907 16,327 11 064 11,816 13,337 6,772 7 949 5,468 5,757 3,222 2 898 4,440 4,031 .141 .160 148 155 .158 .165 5.00 4 85 4.85 4.85 5.00 4 75 4 75 4.75 27 833 35 190 30,344 31,935 2,272 3,013 1,971 1,702 15 934 23,286 14,908 16,348 5,530 5,563 6,908 8,708 3,213 2,294 4,517 3,780 38 118 45,133 39 742 59,881 2 624 4 268 3,616 6,229 19,907 26 491 23,960 37,192 7,228 7 508 4,801 5,540 6,438 6,584 7 628 6 391 421 533 6 50 587 68,892 63 650 59 951 7 021 4,992 7 049 478 59,327 932 4 4.75 5.63 7.60 8.95 7.00 6.51 858 1 796 1 677 1 9 , 1 6 0 4 8,199 7,473 18,629 6,321 25,671 34,053 6,607 33,683 8,686 .579 .598 .970 .985 .521 .443 7 981 8 046 6 731 6,478 19&3. January February.... March April 4 .535 .484 .528 .534 .358 .350 2 450 1 845 2 210 1,064 635 Dollars per pair. .406 .371 .685 .368 .149 .160 May June July August 1 156 per .327 .301 .393 .312 .139 .180 4 403 5,595 8,078 6 578 860 (Boston). 6,999 4,372 7,086 6,896 3,822 5,136 1 036 1,435 1 070 September October November December ton). 7,409 5,197 11,138 6,684 5,260 6,745 1922. January February.... March. April . 986 (Boston). 30,890 18,421 33,940 22,922 15,015 27,035 52,589 30,158 62,070 42,499 29,003 45,938 2 072 2 347 1 311 3,822 3 682 5 874 5,843 (Chicago). sq. ft. September October November.... December 858 Women's black kid, Goodyear (St. Louis). welt (St. Louis). Dollars 842 451 Sole Dollars per pound. Thousands of pounds. < 42,854 4 6,815 41,490 | 6,372 5,576 827 46,350 4,076 53,856 1,412 5,221 1,623 60,526 8,845 6,834 8,967 10,623 Boots and shoes. CalfMen's Goat Sheep salted, skins, hem- Chrome Men's dress skins. skins. i packers' country lock, calf/'B" black heavy calf, welt i native No. 1 middle, grades Blucher tan calf No. 1 (Bossteers (Chicago). 1909-1913,monthly av. 1913 monthly average. 2,605 1914monthly average. 4,319 1915 monthly average. 6,751 1916 monthly average. 7,540 Leather. 2,465 632 525 4.50 4.38 6.60 7.66 5.06 4.34 00 00 00 00 .145 .140 .340 .340 .340 .340 .500 .500 7.00 6.75 6.75 6.75 .165 .160 .139 .134 .138 .138 .135 .131 .340 .350 .350 .350 .465 .465 .425 .415 6.7" 6.75 6.62 6.50 4.85 4.85 4.85 4.60 4.75 4; 75 5.75 4.19 6,375 5 297 1,465 8,841 .146 .134 .350 168 152 360 425 .182 .201 .186 .182 .350 .350 .435 .435 6.50 6 50 6.50 6.50 4.60 4 60 4.60 4.60 4 15 4 15 4 15 4.15 4,369 9,514 7 408 7,858 5 7,144 6,625 6 268 5,817 .213 .227 .228 .204 .183 .197 .189 .160 .350 .350 .350 .350 .465 .465 .450 .450 6.40 6.35 6.35 6.35 4.81 4.85 4.85 4.85 4.23 4.25 4.25 4.25 8,854 9,397 548 .200 .199 .450 6.450 616 193 .163 .167 .165 .166 6.55 6.55 6.50 6.50 4.85 4.85 4 85 4 85 4.25 4.25 4 25 4 25 417 321 301 560 322 390 455 463 515 454 389 434 529 504 5 6,689 9,870 6 764 6,547 4,596 5 30,220 40,087 40 439 35,647 33,126 6 188 6 6 .350 .350 .525 525 6 May June. July 1 Data from TJ. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 2 Data from U. S. Department of Labor, Bureau of Labor Statistics, represent average monthly prices. 3 Includes calf and kip, goat and kid, grain and finished splits. « Represent five-year (1909-1913) monthly average imports for total hides and skins, total goatskins and total sheepskins. Calfskins and cattle hides based on four-year average, 1910-1913. & Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. 6 December quotation. 80 NEWSPRINT PAPER. Table 33.—INDEX NUMBERS. sources.1 Based on data front Government [Base year in bold-faced type; numerical data on opposite page.] STOCKS, END OF MONTH. O At Total. mills. YEAR AND MONTH. Relative to 1919. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly av av av av av 1918 monthly av 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av Relative to 1913. 144 168 In Pub- transit to lish- pubers.* lishers.3 fc3 Contract, domestic. Con- Spot tract, mar- Activity. « Cana- ket, dodian. mestic. Rel. to Sept., 1920. R e l a t i v e to 1919. Paper purchases. 5 Sales' (value). Relative to 1918. 100 141 128 100 213 178 6 163 254 92 100 110 89 Jobbers. PRINTING. PRICES. 217 6 133 92 271 224 1OO 286 255 109 332 106 89 360 100 99 I 100 ioo I ioo 100 100 100 97 77 93 | 39 111 125 74 122 I 60 103 95 70 110 ! 78 100 100 127 105 137 135 69 104 136 141 89 120 100 100 213 118 85 78 IOO IOO 100 126 95 106 121 | 174 185 151 85 | 89 115 I 104 149 105 105 108 90 94 101 101 84 91 106 379 321 365 354 69 70 30 35 122 125 127 125 135 164 175 147 107 96 81 78 130 133 137 138 78 71 73 100 95 109 104 163 159 158 145 175 177 177 151 162 146 131 121 82 75 82 75 75 71 75 79 113 90 95 92 180 162 162 152 69 77 82 72 80 83 88 241 252 361 405 51 17 30 35 111 99 98 107 130 111 107 113 72 65 63 60 125 107 109 120 58 69 61 62 107 105 98 93 141 140 128 128 151 146 132 131 118 120 117 120 57 62 75 67 76 81 86 77 77 78 83 141 148 132 150 393 413 407 435 31 20 35 44 109 105 102 126 96 97 100 60 63 73 76 121 116 115 109 61 77 64 67 99 113 111 115 131 113 113 110 120 111 110 110 95 97 85 84 91 94 83 95 91 93 92 111 105 105 82 98 92 93 151 146 139 149 92 85 103 98 90 84 102 100 450 450 426 422 70 23 78 93 98 I 102 j 69 68 68 65 105 112 108 98 71 66 67 74 110 105 119 124 101 95 95 95 96 90 85 91 93 111 116 118 104 96 104 116 101 86 91 103 89 150 133 175 139 113 111 105 116 113 112 107 117 444 460 439 446 72 81 59 54 95 99 101 114 104 98 88 83 63 60 59 65 97 107 110 125 87 75 83 100 123 118 112 111 95 96 95 95 95 96 95 96 116 109 116 123 102 96 102 109 157 137 132 145 109 114 112 104 110 113 111 104 7 363 644 536 538 64 31 36 57 114 111 111 104 79 83 82 72 79 81 94 125 116 114 107 103 115 123 110 122 135 133 128 94 97 102 97 96 96 97 96 85 94 94 127 124 116 137 117 116 109 129 156 160 145 160 111 100 113 108 100 115 584 30 33 55 111 113 107 96 97 84 89 90 111 111 105 124 134 133 124 116 134 101 100 101 102 104 103 97 94 129 120 121 119 166 147 1921. January February March April May.... June July.... August.. September. October November. December.. 1922. January February March April May.... June July.... August. September.. October November.. December.. ioo I 84 83 85 85 90 1923. January February March April May.. June. July.. See footnotes on opposite page. 90 81 NEWSPRINT PAPER. Table 34.—NUMEBICAL DATA. From Government sources.1 [Base year in bold-faced typer index numbers on opposite page.] STOCKS, END OF MONTH. PRODUCTION. YEAR AND MONTH. IMEXSHIPMENTS. PORTS.8 PORTS JobTotal. At mills. bers. In Pubtransit lishers. 8 to publishers.3 CONSUMPTION BY PUBLISHERS. average average. average average average 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average average average average average 18,320 26,290 30,701 39,019 46,593 3,601 105,024 106,049 49,689 114,543 114,880 52,311 125,215 | 60,822 125,997 102,103 102,172 | 66,040 120,641 121,035 j 85,772 8,062 9,189 3,822 1,403 2,153 228,761 226,743 253,399 236,714 24,035 23,929 23,324 29,940 22,837 8,664 6,701 6,451 6,100 154,952 155,185 144,712 188,797 171,121 41,155 40,983 52,006 28,211 36,657 110,248 142,091 148,760 147,957 170,738 113,251 1921. ConSpot Contract, tract, market, domes- Cana- domestic. dian. tic. Per 100-pound roll. Short tons. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly PRICES. 113,858 5,066 4,597 6,395 7,822 «31,713 6124,789 3&721 83.651 5.107 5.054 3.604 4.922 5.142 3.498 84.290 9.143 5.042 3.649 I j 123,83*0 j 103,040 107,532 115,408 116,176 96,281 104,919 122,091 69,448 58,893 66,791 64,778 2,472 2,530 1,096 1,278 278,508 286,023 289,914 285,780 32,417 39,176 41,789 35,106 9,234 8,294 7,060 6,773 201,952 206,640 211,S56 214,049 34,905 31,913 29,209 29,852 141,559 135,334 154,278 148,427 6.076 5.921 5.862 5.409 6.385 6.458 6.480 5.507 6.945 6.279 5.623 5.206 May.... June July.... August. 78,868 87,724 94,247 102,277 82,776 92,293 95,357 100,668 44,238 46,220 66,118 74,211 1,854 254,636 226,623 225,118 244,476 31,198 26,629 25,519 27,128 6,198 5,620 5,495 5,157 193,436 166,174 169,124 186,927 23,804 28,270 24,980 25,264 152,278 148,604 139,121 132,808 5.248 5.227 4.770 4.762 5.497 5.322 4.824 4.758 5.056 5.129 5.013 5.160 September. October November. December.. 101,884 104,604 107,877 95,785 109,110 104,492 107,070 72,004 75,598 74,544 79,637 248,461 239,751 234,258 227,235 30,241 23,015 23,127 23,934 5,229 5,460 6,333 6,560 187,872 179,765 178,449 169,319 25,119 31,511 26,349 27,422 140,758 160,563 158,193 163,560 4.886 4.188 4.194 4.102 4.388 4.069 4.002 4.018 4.185 4.070 4.170 3.666 1922. January... February. March.... April 105,808 97,786 117,507 111,861 103,192 96,521 117,142 115,167 82,482 82,390 78,031 77,369 3,345 224,959 234,294 228,994 212,427 26,550 27,815 28,180 24,874 5,993 5,884 5,910 5,668 163,496 173,512 167,498 151,643 28,920 27,083 27,406 30,242 156,333 149,862 169,574 176,801 3.756 3.629 3.615 3.570 3.484 3.479 3.482 3.497 3.685 3.581 3.601 3.548 May.... June July.... August.. 129,950 127,230 120,839 133,236 130,043 128,644 123,050 134,490 81,352 84,337 80,337 81,780 2,576 2,903 2,139 1,940 216,438 225,632 231,833 260,111 24,781 23,367 21,156 19,902 5,438 5,234 5,150 5,642 150,443 166,385 171,410 193,623 35,776 30,646 34,117 40,944 174,670 168,207 159,496 157,655 3.541 3.574 3.540 3.522 3.501 3.492 3.476 3.500 3.548 3.475 3.551 3.643 September. October November.. December.. 125,402 130,682 127,983 119,404 126,494 7 66,570 129,749 ' 118,010 128,077 98,115 98,494 119,847 2,299 1,131 1,280 2,059 260,923 252,805 253,442 238,707 18,810 19,745 19,651 19,208 6,255 6,816 7,031 8,174 193,812 179,279 176,208 166,143 42,046 46,965 50,552 45,182 172,802 192,431 188,647 182,374 3.504 3.605 3.788 3.604 3.510 3.499 3.528 3.522 3.660 3.789 3.830 3.873 January... February. March April 127,452 114,611 129,294 123,656 114,415 132,292 1,064 1,194 253,927 257,855 245,841 23,004 23,197 20,199 7,720 7,800 172,319 171,807 163,586 50,884 55,051 54,368 175,552 165,148 190,547 3.745 3.717 3.770 3.707 3.785 3.748 3.794 3.800 3.840 January February March. April.. 106,988 601 1,066 1,261 1,117 704 1,256 1,599 2,537 836 2,791 1,989 May.. June. July.. i Except printing activity from United Typothetae of America and printing purchases and sales from American Writing Paper Company. Other data from the Federal Trade Commission, except imports and exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. a Prior to Sept. 1,1916, includes only paper valued at not above 2.5 cents per pound; from Sept. 1, 1916, to Apr. 24,1920, not above 5 cents per pound, and from Apr. 24,1920, to date not above 8 cents per pound. 1 Reported by about 660 of the principal publishers. * Printing activity based on productive hours reported by plants in 52 cities in 30 states, each department being weighted for the combined index number. * Purchases of printing paper and sales of printed product by about 350 concerns, doing from 20 to 25 per cent of the total commercial printing business of th« country. As the paper industry was abnormal in 1919, index numbers based on that year are not regarded as true indices; therefore 1918 was taken as a base. * Stocks on hand end of year. T Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. 43622°—23 6 PAPER AND BOOKS. Table 35.—INDEX NUMBERS. Based on data from Government and non-Government sources,1 [Base year in bold-faced type; numerical data on opposite page.] BOOK PUBLICATION. PAPER. Paper board. Book. YEAR AND MONTH. Production. ProStocks. duction. Wrapping. Production. Stocks. Total, all grades. Fine. ProStocks. duction. Imican Exports manu- ported fac- books. < (total Stocks. print- tured Ing). Relative to 1919. Relative to 1913. 1913 m o n t h l y average. 100 1914 m o n t h l y average. 94 100 116 1915 m o n t h l y average. 76 95 1916 m o n t h l y average. 90 66 76 89 53 93 2 78 290 285 103 274 1OO 79 117 114 100 120 94 1OO 48 101 112 70 78 90 123 126 114 94 36 77 80 86 89 100 1920 m o n t h l y average. 100 121 1921 m o n t h l y average. 79 115 1922 m o n t h l y average. 107 121 99 1OO 119 85 111 123 67 135 123 66 121 117 | 78 82 100 ! 79 65 1918 m o n t h l y average. 1919 m o n t h l y average. 96 2 116 1917 m o n t h l y average. 75 105 120 107 1OO 113 71 105 2 100 284 78 85 36 100 118 100 100 50 20 22 80 33 76 39 71 55 74 56 59 24 2 94 100 79 76 114 101 113 112 1920. September. October November. December.. 38 119 121 79 121 73 47 109 82 100 81 65 95 82 86 90 S3 79 94 82 104 94 67 101 79 114 105 67 107 85 124 107 55 109 82 123 109 61 112 74 122 125 40 38 68 60 98 43 61 31 60 59 53 42 21 17 76 100 78 45 59 77 S2 48 19 11 12 18 47 39 1921. January... February. March April 84 108 112 124 130 91 65 74 ! 106 76 78 | 119 86 67 I 121 79 May June July August.. 69 ; 71 64 j 125 76 127 80 119 69 78 111 85 125 125 119 116 September. October November. "December.. 82 112 99 95 102 112 61 46 96 48 58 34 112 61 111 78 121 78 113 57 108 72 117 97 115 103 108 102 103 98 110 63 89 105 112 96 92 105 I 102 88 41 92 91 104 104 65 50 92 99 106 83 41 115 93 96 117 106 110 114 93 122 92 116 112 96 122 89 115 114 100 96 91 124 95 118 107 108 97 97 115 102 121 118 132 121 119 102 95 115 121 92 118 101 128 106 125 96 97 102 119 108 125 109 121 124 130 105 100 114 120 110 131 113 123 118 130 109 1C5 115 123 98 122 102 118 113 97 102 107 117 115 118 120 110 128 127 114 115 103 123 111 115 116 122 106 122 122 122 121 97 129 122 116 122 103 134 116 114 114 106 129 January... 128 123 129 106 143 February. 117 120 122 116 135 March 126 199 150 90 12 15 1922. January.., February. March April May June July.... August. September. October November. December.. 100 89 83 118 111 110 98 121 104 118 99 125 100 111 100 124 100 108 100 118 108 122 105 129 106 113 108 119 110 123 100 20 10 23 29 25 30 24 21 23 13 17 23 38 64 54 78 54 74 58 43 22 72 43 55 50 80 105 91 60 90 113 1923. April May.. June. July.. See footnotes on opposite page. 13 15 20 39 43 42 83 PAPER AND BOOKS. Table 36.—NUMERICAL DATA. from Government and non-Government sources,^ [Base year in bold-faced type; index numbers on opposite page.] BOOK P U B LICATION, PAPER. Book. YEAR AND MONTH. Production. Stocks. Paper board. Production. Stocks. Wrapping. Production. Stocks. Fine. Production. Stocks. Total, all grades. Production. Stocks. Exports (total printing). American i Im* manu-j ported4 fac- j books. ture.s I Short tons. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 m o n t h l y average average average average average ! \ \ 814 ! 74,357 2 36,845 150,382 ! 2 42,411 2 28,431 160,582 2 46,196 31,643 162,503 54,380 23,719 36,234 38,221 192,787 138,744 179,676 42,908 63,365 62,186 21,124 20,826 24,563 25,005 218,743 196,604 133,818 105,227 January... February. March April 64,382 28,880 56,687 33,587 59,832 | 37,721 51,380 ! 38,255 May.... June July.... August.. 52,642 53,934 48,527 59,711 September. October November. December.. 62,416 72,139 73,544 70,798 I ' 73,466 69,408 I 77,889 70,507 1918 monthly 1919 monthly 1920 m o n t h l y 1921 monthly 1922 m o n t h l y average average average average average 1920. September.... October November. December.. 1921. 1922. May June July August.. 2 53,551 ! 24,030 2 38,249 42,222 48,968 53,104 70,917 73,100 65,920 54,308 19,570 20,700 25,586 35,800 105,806 123,832 139,723 128,186 58,479 60,723 67,394 70,780 44,620 46,352 49,879 51,713 122,801 130,177 112,265 138,530 67,979 68,097 64,720 63,276 35,586 32,343 37,060 38,757 160,207 181,775 172,582 149,047 38,463 39,334 38,367 37,367 12,198 15,580 7,828 3,121 3,367 695 648 621 581 604 75 67 81 113 116 477 796 498 491 49 88 64 122 205 92 159 34,207 34,526 31,208 27,233 28,400 I 643,018 28,968 ! 621,964 30,185 518,144 30,312 445,539 165,340 173,980 192,843 214,396 | 8,238 ; 5,881 i 10,562 I 9,273 45,241 51,276 57,536 58,622 22,756 19,242 19,058 15,631 34,748 37,397. 39,355 40,083 420,468 407,966 440,777 422,012 248,941 273,228 297,337 293,765 8,185 6,551 3,341 2,587 622 631 481 669 53,084 50,332 45,090 56,167 59,503 61,139 61,710 62,811 17,485 17,511 16,327 18,833 41,143 40,808 39,885 37,903 3S3,995 403,657 370,429 442,519 291,089 j 2,894 288,787 j 1,678 279,544 | 1,902 274,009 2,756 383 495 780 58,962 57,169 59,780 63,018 59,095 64,518 65,905 64,850 56,313 52,378 50,205 48,848 20,555 24,635 24,609 25,843 35,994 33,957 33,3S9 34,000 477,926 542,408 535, 876 508,284 262,807 244,657 248,927 253,644 1,948 1,441 1,822 2,343 515 717 530 672 184 85 103 84 145,198 153,704 192,308 164,327 62,713 63,908 71,986 69,756 65,791 62,035 70,141 61,562 54,506 59,251 64,931 68,401 27,405 26,663 29,346 27,420 35,331 | 506,195 35,804 | 501,817 35,123 j 593,860 35,806 528,461 264,971 274,738 289,523 284,862 3,421 1,513 3,665 4,512 564 521 635 606 79 112 111 119 39,491 41,456 38,520 37,473 176,790 183,759 165,551 195,115 65,702 67,079 64,033 59,627 71,494 68,371 65,481 74,315 70,906 71,259 69,368 62,444 30,129 31,291 27, 767 33,081 30,985 589,971 38,674 | 593,335 37,621 | o52,914 37,889 i 635,107 285, 729 293,066 280,660 264,480 3,893 4,611 3,672 3,288 346 585 538 415 113 103 87,782 92,865 93,065 36,717 38,458 36,770 36,231 198,248 196,769 198,947 185,397 57,899 52,968 55,864 54,693 70,329 74,630 77,300 74,822 54,843 48,661 45,539 64,625 31,576 33, 774 31,666 30,932 36,213 36,496 36,880 36,742 623,088 644,267 641,544 607,241 249,516 239,833 238,101 258,000 3,624 2,048 2,586 3,572 650 742 732 918 217 124 123 151 97,318 89,265 96,087 38,882 38,043 31,480 209,473 198,031 57,434 62,901 82,703 77,813 86,776 48,123 48,421 43,213 34,946 32,377 35,144 38,822 ! 664,553 39,772 I 614,364 36,978 ! 253,966 262,734 2,056 2,384 3,181 551 638 81 88 87 89,564 76,093 I 30,668 I 28,647 | 32,444 i 20,207 30,088 11,799 219^ gf.O j 40,499 54,702 26,097 55,465 61,228 5 238.113 | 238,999 ' 181,910 271,395 268,623 --[ 94,142 ] 93,849 59,500 57,851 69,324 54,300 '-'32,500 ! 493,304 2 23S 195 136 110 504,294 82,574 ^ 83,517 74,435 87,922 September.. October November.. December... 60,626 206 763 616 733 728 515,863 611,218 446,360 584,817 | 70; 763 I 76,235 | 92,039 60,499 81,827 I January February March April I Number. i ! | I 39,639 40,253 37,569 35,160 34,576 36,845 29,268 37,389 36,630 94 99 70 1923. January... February. March April May... June.. July... i Data on production and stocks of paper at mills from Federal Trade Commission; exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce (1913 monthly average-4,772 tons); book publication from ''The Publishers' Weekly/' » Stocks at end of year. • Between 10 and 15 per cent of the books manufactured in America are new editions, the remainder being new books; while about 95 per cent of the books manufactured in this country are by American authors. * Books imported are books of foreign manufacture catalogued and marketed by American publishers. 84 PAPER BOXES. Table 37.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from non-Goverment sources.1 [ Base year in bold-faced type.] CORRUGATED BOARDS SOLID FIBER BOARDS SOLID FIBER BOARDS CORRUGATED BOARD.* Production. Production. Production i Total. Con- ! tainer Club. Rela- • tive to 1922. YEAR AND MONTH. Nat'l Ass'n Box Mfrs. Relative to 1919. Relative to 1922. Con- tainer Club. Total. Nat'l Ass'n Box Mfrs. RelaRelative to tive to 1919. 1922. Operating time. Per ci. of normal. Total. Nat'l Ass'n Box Mfrs. Container Club. Thousands of square feet. Operating time. Container Club. Total. Per ct. mal. i of nor- Nat'l Ass'n Box Mfrs. Thousands of square feet. B—NUMERICAL DATA. A—INDEX NUMBERS. • I 1917 mo average 1919 mo average 1920 mo average 1921 mo average 1922 mo. average 2 2 1OO 117 1920. September October November 1OO 1OO 109 92 79 89 65 100 2 1OO 104 104 1OO 45 66 114 116 116 95 37 53 18 37 30 47 41 53 48 53 75 27 34 35 93 53 89 54 98 49 89 70 106 78 106 94 i 36 2 2 96 45,291 65 77,358 81 1 50,858 53,045 81 121,705 124,460 75,002 38,403 85 77 70 202,204 U06,834 111,168 68,949 124,846 77,299 88 55,278 22,021 ; 58,777 69 48,554 36 18 773 22 9,374 34 24,129 38 32,273 44,031 51,050 56,716 38 39 41 47 56,438 57 798 62,278 75,003 54 64 65 53 147,929 134,189 83,548 113,574 106,983 87,692 48 55 57 60 108,775 120,957 140,913 151,114 80,567 89,893 102,898 116,198 ! 1921. May July Au°ust SeDtember October November December 1922. February March April May June July August 125 100 82 53 88 117 38 60 61 83 23 75 84 96 36 40 49 73 80 98 90 100 116 48 51 76 75 109 45 91 109 67" 80 83 113 53 69 87 40 64 162,128 116 78 64 55 65 149 90 133 167,356 201,302 127 120 132 95 114 55 100 57 94 134 156 72 131 142 147 126 122 161 150 137 201 130 121 73 66 54 60 70 .. .. ... . September October November December 1923. January February March April ! ! j 44 27,171 53 38 281 60 47,391 60 45 071 67 49,720 71 81 45,078 53 911 81 47 361 89 1 63 719 40,946 84 67,831 59,510 8,321 46,497 58 47,196 42,146 5,050 28,208 31,064 38,015 34,916 64 69 56,341 61,736 75,503 45,847 50,606 58,833 10,494 70,284 55,625 14,659 120,972 41,156 74 52,963 44,154 8,809 123,501 128,604 43,855 78 60,367 72,698 87 69,833 48,328 57,749 12,039 12 084 256,679 141,097 115,582 96 102,578 68,172 34,406 78 264,905 151,156 113,749 88 97,222 61,841 35,381 175 79 302,589 146,881 155,708 89 100,195 61,621 38,574 78 76 11,130 16,670 143 141 179 116 105 165 80 289,129 150,799 138,330 84 89,781 53,404 36,377 129 136 149 117 112 153 75 260,594 145,582 115,012 84 90,784 57,159 33,625 146 144 183 123 129 135 76 294,743 153,402 95,396 65,729 29,667 137 184 115 103 164 75 288,180 52,542 36,151 215 107 112 117 83 327,932 75 78 88,693 151 146,006 161,661 166,644 141,341 142,174 166,271 88 143 56,979 25,698 162 156 111 86 82,677 56 287 May June July 1 2 Data from The Container Club and National Association of Corrugated and Fibre Box Manufacturers. Average of last six months of year. » Per cent of normal operating time and left-hand production column represent 17 and 16 identical firms, respectively, as reported by The Container Club, except that, for the first three of the six months of 1919 reported, two companies are omitted which do not appreciably affect the total. The figures in the right-hand production column are from 17 identical firms as reported by the National Association of Corrugated and Fibre Box Manufacturers. No index numbers have been calculated on the per cent of operating time. The column showing the total represents the combined production of the reporting members of both associations. * Per cent of normal operating time and left-hand production column reported Dy The Container Club from six or seven firms. The right-hand figures are from the National Association of Corrugated and Fibre Box Manufacturers, comprising three firms, except November, 1921, when four firms reported, and December, 1921, when two firms reported. No index numbers have been calculated on the per cent of operating time. The column showing the total represents the combined production of the reporting members of both associations. & Stocks at end of year. 85 OTHER PAPER PRODUCTS. Table 38.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government and non-Government sources. [Base year in bold-faced type.] ROPE PAPER SACKS.*! ABRASIVE PAPER AND CLOTHE FOLDING PAPER BOXES.' Produc- New Produc- New tion. orders. tion. orders. Shipments. Domes- Foreign tic sales, sales. Produc- New orders. tion. Relative to 1921. Relative to average.4 Relative to 1919. FOLDING PAPER BOXES.1 YEAR AND MONTH. LABELS 1 A.—INDEX LABELS.* Produc-j New ;' Domestic tion. j orders. ' sales. B.—NUMERICAL !. 100 100 1920 m o n t h l y average |. 109 125 100 1921 m o n t h l y average 100 144 145 46 30 45 85 79 63 90 97 70 100 100 «100 110 45.9 65.9 47.9 69.4 39.0 Foreign sales. Reams. Per cent of capacity. NUMBERS. 1919 m o n t h l y average ABRASIVE PAPER AND CLOTH. 44.2 82.7 DATA. 68,150 73,969 45,948 72,394 9,171 11,476 4,280 8,836 1921. January... February . March April May.... June July.... August.. ' 4,387 85 67 47 106 96 26 39 48 21.0 14.5 17.7 11.4 26,436 64 48 34 39.0 37.8 24.5 28.5 32,764 3,138 85 101 61 37 41.4 46.4 33.3 44.5 41,404 3,393 77 52 70 65 44.2 33.6 30.2 23.2 47,538 5,958 88 1922 m o n t h l y average 87 102 43 40.7 42.1 33.9 45.2 46,544 3,963 110 103 114 71 35 39.2 52.8 40.0 50.5 48,671 3,192 187 88 September. October November.. December.. 1922. January... February. March April 97 91 145 67 62 45 40.6 46.7 35.3 64.0 41,969 4,142 110 111 138 126 87 76 42 50.3 53.4 53.8 55.7 51,595 3,879 107 137 146 139 133 50 48.9 65.4 57.0 61.4 145 138 128 153 123 44 66.4 65.9 49.9 76.4 54,929 59,904 54,430 45,195 4,540 4,019 5,858 4,896 57,129 59,418 74,634 72,930 5,521 123 132 122 79 111 80 64 56.3 63.0 47.6 34.9 136 110 115 79 90 66 53 62.3 52.9 44.9 34.7 100 100 108 183 71 84 60 45.9 47.8 42.3 80.7 118 143 131 139 91 87 60 54.3 68.5 51.0 61.6 146 148 162 207 114 110 82 67.0 70.7 63.3 91.7 151 134 182 192 107 84 69.5 64.2 71.0 85.0 May.... June July.... August. 151 186 195 186 103 112 75 69.4 89.1 75.9 82.0 156 168 163 243 114 108 70 71.6 80.3 63.6 107.2 155 180 176 203 116 106 105 71.1 86.1 68.7 89.7 175 151 253 213 127 114 67 80.3 72.4 98. G 94.1 September. October.... November.. December.. 161 138 230 154 123 74.1 66.2 89. 6 | 68.0 133 183 201 123 104 63.9 63.6 71.5 i 89.0 154 116 207 136 126 117 120 112 135 139 175 70.5 117 143 190 111 139 53.5 145 121 223 91 136 121 146 208 105 129 113 130 154 126 80. 9 60.0 76,364 73,433 71,923 77,838 79,945 81,736 76,257 67,120 5,461 7,506 7,745 6,885 6,421 9,632 6,184 •12,338 9,560 16,007 12,766 1923. January February March April 66.3 58.0 98.7 55.5 70.1 92.0 92,815 87,804 104,902 8,956 10,352 11,593 May. June. July.. i Folding paper boxes and labels from the Association of Folding Box and Label Manufacturers; said to represent approximately C per cent for the folding box industry O and 75 per cent for the label industry. 3 Rope paper sacks from Rope Paper Sack Manufacturers' Association, said to represent approximately 95 per cent of the industry. 1 Data compiled by the Abrasive Paper and Cloth Manufacturers' Exchange estimated to represent 90 per cent of the industry. The totals given include the sales of garnet, emery, flint, and artificial (silicon, carbide, and aluminous oxide) paper, cloth, and combinations. Figures are stated in equivalent reams, 9 by 11 inches in size. The data submitted show that in 1919 the total domestic sales were made up of the following approximate percentages: garnet 39, emery 8, flint 32, and artificial 20 per cent. « Twelve months' average, July, 1921, to June, 1922. Numerical data not furnished by the association. & Not available. 86 WOOD PULP. Table 39.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government sources, l [ Base year in bold-faced type.] CHEMICAL. MECHANICAL. Y E A R AND MONTH. ConPro- sump- Stocks Imend tion at of ducports.2 tion. a n d ship- mo. ments. Rel. to 5-yr.av. Relative to 1919. MECHANICAL. I ConConCon- ! S f o r k s Pro- sump- Stocks Im- Produc- sump- Stocks ImImend duc- tion atof ports.5 tion. tion and at end of ports.2 Production. of ports.1 and ship- month. shiption. ship- mo. mo, ments. ments. ments. Rel. to 5-yr.av. Relative to 1919. Short tons. B.~NUMERICAL DATA. A.—INDEX NUMBERS. 1909-1913 m o . av. 1913 m o . av 1914 m o . av 1915 m o . av 1916 mo. av 1OO 85 88 104 3 73 100 90 1OO 109 87 102 91 1OO 110 88 106 3 94 386 1OO 78 108 117 98 118 102 90 97 132 103 81 66 62 61 74 75 79 September.. October November.. December.. 1917 m o . av 1918 m o . 1919 m o . 1920 m o . 1921 m o . 1922 mo. av av av av av 1921. January February... March April 110 88 132 141 93 102 117 97 107 CHEMICAL. 80 3 48 1OO 122 150 128 138 16,463 13,991 18,105 14,504 8 112,145 21,877 106, 824 125,678 117,804 3 145,567 109,817 3 131,170 120,600 154,251 132,308 120,079 106,214 166,889 127,802 136,664 25,521 855 31,130 38,091 32,861 35,100 157,797 3 44,799 159,375 23,257 158,930 3 33,671 158,008 15,4.56 16,855 161,247 1 6 0 , 3 7 5 5 3 , 7 2 5 188,156 185,536 19,375 33, 720 127,467 16,000 127,786 53, 411 166,438 17,693 165,198 52, 518 33,230 32,728 36,147 50,153 44, 457 85,556 129,325 160,572 3 83 3 63 1OO 63 99 130 128 141 220 174 335 120,817 131,525 105,668 123,495 77 74 75 70 100 113 113 106 139 61 69 81 140,999 117,884 142,850 159,442 123,661 108,857 116,820 124,161 146,964 155,997 182,027 217,308 14,076 3,275 2,684 5,687 134,354 125,913 119,482 109,364 123,524 119,157 119,602 112,860 53,853 60,609 60,489 56,984 35,478 15,682 17,622 20,848 64 75 67 77 112 111 102 99 80 109 164 173 97,963 80,337 75,405 73,666 89,182 90,357 95,386 103,153 226,089 216,069 196,088 166,601 7,072 8,117 15,329 16,405 118,138 109,052 102,768 121,510 114,995 109,689 107,573 122,753 60,127 59,490 54,685 53,442 20,322 27,698 41,756 44,181 91 79 80 87 255 221 279 459 66,965 82,511 108,186 121,804 95,894 100,777 112,229 114,087 137,672 119,406 115,363 123,080 2S, 958 26,397 35,504 28,498 126,514 151,699 163,601 151,031 131,174 158,050 162,840 147,380 48, 782 42,431 43,192 40,843 65,206 56,419 71,204 117,068 109,175 98, 742 143,596 147,608 106,957 98,315 129,931 127,286 125,298 125,725 139,390 159,712 20.920 9,138 12,425 11,797 157,746 144,568 170,995 149,859 153,774 142,399 167,112 153,542 50,815 52,984 56,867 53,184 95,525 66,443 48,376 65,140 51,658 78,932 90,638 83r562 1OO 117 79 102 99 1OO 116 79 104 120,589 108,617 95 101 118 141 13 16 35 78 74 42 49 93 100 73 85 147 140 127 108 55 68 90 101 79 84 93 95 89 77 75 80 176 160 216 173 101 94 82 99 102 92 1922. January February... March April 90 82 119 122 89 81 108 10b 81 82 90 104 127 56 75 72 98 90 106 93 96 89 104 96 106 99 374 260 190 255 May.... June July.... August. 138 123 103 91 119 115 108 116 119 125 122 102 71 97 104 82 102 102 105 101 97 107 92 99 96 98 202 309 355 327 167,197 148,328 124,691 109,870 144,042 138,459 129,847 139,935 182,867 192,736 187,580 157,515 11,626 15,951 17,181 13,545 164,497 164,931 154,617 172,750 168,095 161,181 156,313 171,898 49,586 53,336 51,640 52,442 85 85 99 89 110 112 112 100 82 62 52 43 *116 106 113 112 105 107 119 117 104 96 124 83 87 281 429 497 607 102,350 102,934 120,143 107,301 132,667 131,793 135,270 121,120 127,198 95,339 80,212 66,393 * 19,153 25.921 27,475 30,447 170,329 181,708 180,603 169,770 171,452 191,435 187,564 167,493 51,319 66,498 44,631 46,908 108 108 130,593 111,599 120,386 32,467 184,537 175,923 100 130,297 103, 534 124,175 66,097 103 94 95 96 456 92 114 109 118 113 86 180,804 175,724 187,298 50,641 | 116,426 50,840 51,670 May.... June July.... August. September.. October November.. December.. 1923. January February... March April: 157 167 185 197 110 117 58,032 60,163 4 71,784 109,459 126,937 154,850 May.. June.. July.. 1 Imports from V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; all other data from Federal Trade Commission, except production for 1914 and 11916 from U.S. Department of Agriculture, Forest Service. Importfiguresconverted from long to short tons to agree with production and stocks. * Stocks at end of year. * Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days are included with October. 87 CONSTRUCTION COSTS AND GLASS. Table 40.— (A) INDEX NUMBERS AND (B) NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type.] BUILDING MATERIAL PRICE INDEXES^ SPECTACLE FRAMES AND M O U N T - ILLUMINATING GLASSWARE/ INGS; Sales billed Unfilled (value). orders. Y E X R JLND MONTH. Rel. to 1 Relative to average, May, 1 1919. \\ 1921-April, 1922. Relative to 1913. Rel. to 1913. Rel. to 1919. A.—INDEX NUMBERS. 100 ILLUMINATING GLASSWARES Net orders. Actual Shipproduc- ments tion. billed. Per cent of capacity. B.—NUMERICAL DATA 1915 monthly average. 100 93 98 1916 monthly average. 137 149 1917 monthly average. 189 169 1918 monthly average. 203 1919 monthly average. 208 1920 monthly average. 239 1913 monthly average. 100 1914 monthly average.. 100 182 186 100 110 121 219 298 100 104 179 1921 monthly average. 1922 monthly average. 100 202 177 139 100 127 8100 8100 8 100 218 45 36.7 8 36.2 8 35.7 77 126 122 119 271 46 46.3 44.0 42.6 91 170 339 May 176 211 90 60 101 June 172 210 117 54 83 97 July 167 204 90 48 49 42 August.. 161 193 94 50 71 41 248 54 37.0 31.9 30.8 218 49 30.5 35.1 31.3 79 141 39 18.0 15.2 28.3 54 179 27 25.9 14.7 19.1 September. 160 188 114 50 93 62 73 218 35 34.0 22.6 2P>.2 October 157 183 109 70 134 101 114 243 41 49.3 36.6 40.7 November. 166 173 154 166 101 138 143 138 218 44 50.6 51.7 4b. 1 December.. 173 179 153 169 118 99 141 128 220 43 36.2 51.2 4o. 6 January... February. March April 174 179 169 162 109 116 41 40.0 42.0 3o. 0 174 152 152 91 169 100 99 121 117 233 45 36.4 43.9 41.* 169 173 152 165 202 117 128 111 259 42 42.9 46.3 39.* 168 172 152 165 150 107 j 120 115 257 44 39.2 43.4 41.1 41.1 1922. May 173 176 157 167 179 123 125 115 259 37 45. 5 45. 3 June 178 181 169 170 187 132 108 114 277 29 48.3 39.2 40.* July 181 184 171 173 118 101 76 93 210 31 37.1 27.4 33. 1 August.. 189 193 174 185 154 112 79 93 252 30 41.1 28.7 33.1 September. 193 197 189 129 150 121 119 285 46 55.1 43.7 42.6 October.... 196 199 189 127 160 150 139 342 68 58.7 54.2 49. 6 November. 196 201 193 122 169 160 153 378 73 61.9 57.8 54.6 December.. 192 198 190 192 192 192 192 111 135 156 165 327 64 49.6 56.6 58.8 January... February. 195 198 199 201 209 51.5 55.7 51.9 52.3 55.2 54.2 March April 209 192 197 126 134 142 146 334 49.1 197 205 105 188 154 155 351 68.9 197 214 195 151 143 152 439 79 92 55.6 204 May. June. July. 1 Except building material price indexes, from t h e TJ. S. Department of Commerce, Bureau of Standards, Division of Building and Housing and Bureau of the Census, which is based on prices paid for material b y contractors in some 60 cities of t h e United States. T h e prices are weighted by t h e relative importance of each commodity in t h e construction of a six-room house. 3 1 This index number, furnished through t h e courtesy of t h e Aberthaw Construction Co., is designed to show t h e relative changes in the cost of constructing a standard concrete factory building. T h e company believes that t h e year 1914 gives a normal base and that July, 1920, with an index number of 265, represented the peak of costs., » The construction cost inderx, computed b y t h e Engineering News Record, is based upon the costs of steel (structural shapes, Pittsburgh base), cement (f. o. b . Chicagoexclusive of bags), lumber (southern pine, New York base), a n d the rates paid common labor in t h e steel industry througn 1920, after which common labor rates are averages reported from about 20 cities by correspondents of t h e Engineering News Record. T h e prices are weighted on the basis of the total production of steel, cement, and lumber, and t h e total supply of common Jabor. ' ^-1 • " " • " " • • . . . . . . . ,. .. .. tid b , based on 1913 costi. industry. .^ _ j „ , the capacity of the industry, based on a norc r mal capacity of 6,000 turns. 7 Data from the Optical Manufacturers Association, representing about 60 per cent of the industry. 8 Twelve months' average, May, 1921-April, 1922. 88 BUILDING STATISTICS—CONTRACTS AWARDED. Table 41.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [ Base year i n bold-faced t y p e ; numerical d a t a on opposite page.] SOUTHERN CONSTRUCTIONS BUSINESS BUILDINGS. RESIDENTIAL BUILDINGS. INDUSTRIAL BUILDINGS. EDUCATIONAL BUILDINGS. HOSPITALS AND INSTITUTIONS. Value. NumNumNumNumNumber of Square ber of Square ber of Square ber of Square ber of Square projfeet. Value. projfeet. Value. projfeet. Value. proj- feet. Value. projfeeti Value. ects. ects. ects. 2 ects. ects. Relative to 1921. Relative to 1919. Y E A R AND MONTH. 1915 m o n t h l y 1916 m o n t h l y 1917 m o n t h l y 1918 m o n t h l y average.. average.. average.. average.. 1919 m o n t h l y 1920 m o n t h l y 1921 m o n t h l y 1922 m o n t h l y average.. average.. average.. average.. 3 42 3 63 371 3 118 100 168 100 81 77 100 74 5C 100 79 82 122 100 100 21 36 48 94 3 94 390 3 62 3 43 49 57 42 36 43 23 51 43 100 115 34 63 31 47 45 18 14 18 27 36 21 25 30 39 52 96 114 33 41 71 89 43 51 86 106 44 49 96 137 85 155 174 69 87 191 227 63 33 71 110 212 25 159 179 146 35 83 137 112 161 149 143 175 410 430 239 101 391 252 148 173 131 94 540 185 142 207 364 159 138 197 S3 100 60 103 152 100 57 85 128 100 67 103 159 100 102 137 166 100 114 177 238 100 144 204 254 100 100 110 122 100 142 242 267 100 121 179 221 1921. 29 52 92 123 46 50 80 81 35 35 48 55 61 50 67 May.... June July.... August. 82 90 116 82 82 87 73 87 61 61 66 75 87 75 98 104 43 38 35 39 28 28 21 18 48 43 32 25 117 119 92 118 93 90 69 117 106 85 114 173 214 223 216 244 195 228 233 246 235 287 281 September.. October November.. December.. 133 115 86 200 89 94 81 78 78 86 56 50 122 111 72 65 42 56 55 46 21 31 33 22 26 43 41 132 133 117 106 108 109 112 109 135 127 128 143 193 122 221 169 178 172 225 183 151 77 130 147 193 52 68 97 113 70 116 147 174 43 75 115 115 54 24 19 33 40 57 85 77 158 187 90 82 151 157 107 107 172 1S7 64 78 143 190 104 121 265 380 121 132 257 369 63 94 122 133 198 270 218 235 164 237 160 202 I 212 "0 j 1S9 | 206 116 111 97 97 107 111 95 84 170 152 130 113 54 53 45 53 47 34 54 88 56 47 75 158 193 186 159 171 157 156 121 118 199 193 154 143 219 303 301 270 322 273 331 444 409 322 169 141 176 151 320 234 379 465 258 172 338 287 136 95 81 98 74 70 62 48 62 68 49 36 57 50 33 62 65 68 45 150 165 166 128 114 128 143 124 143 157 173 170 143 127 81 67 190 175 114 122 213 175 131 143 127 131 104 55 194 295 276 116 163 262 305 105 77 83 113 122 64 76 107 103 92 92 130 134 42 46 71 35 40 60 47 51 64 109 107 186 216 122 112 158 143 232 231 63 93 143 150 112 208 214 305 140 222 226 360 65 76 96 112 130 188 318 183 87 152 ISO 154 January... February. March April .j 1922. January.. February. March April May June July August September.. October November.. December.. 1923. January February March April 156 172 226 130 | ; 125 j 131 ; 241 I 94 32 48 25 57 87 5S 195 194 425 360 May.. June.. July.. See footnotes on opposite page also. * Southern construction from Manufacturers9 Record. Other d a t a compiled b y t h e F. W.Dodge Co., covering small towns a n d r u r a l districts as well as large cities. Prior t o May, 1921, these figures covered 25 northeastern states a n d t h e District of Columbia. T h e states are those n o r t h a n d east of, a n d including, N o r t h Dakota, South Dakota, Iowa. Missouri, Tennessee, a n d Virginia, together with portions of eastern Kansas a n d Nebraska. Beginning May, 1921, N o r t h Carolina a n d South Carolina were added to the list, but this addition is stated to have little effect upon the total. 89 BUILDING STATISTICS—CONTRACTS AWARDED. Table 42.—NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] SOUTHERN CONSTRUCTION.2 BUSINESS BUILDINGS. Thousands of dollars. N u m - Thou- Thouber of sands sands of proj- square of ects. feet. dollars. Y E A R AND MONTH. INDUSTRIAL BUILDINGS. RESIDENTIAL BUILDINGS. N u m - Thouber of sands of proj- square ects. feet. Thousands of dollars. N u m - Thouber of sands of proj- square ects. feet. Thousands of dollars. 3 5,308 3 8,050 3 9,042 »15,075 $8,912 15,212 20,668 40,202 319,000 318,167 3 12,583 3 8,667 1,092 9,240 $33,806 895 6,870 26,638 844 5,437 27,662 7,936 1,053 41,358 636 12,772 511 10,652 42,744 3,999 20,157 11,460 2,414 17,047 4,118 25,866 6,083 70,767 47,177 73,154 112,285 HOSPITALS AND INSTITUTIONS. N u m - Thou- Thou- Num- Thou- Thouber of sands sands ber of sands sands of of proj- square of of proj- square ects. feet. dollars. ects. feet. dollars. $34,832 40,275 29,548 25,381 1915 mo. av. 1916 mo. av. 1917 mo. av. 1918 mo. av. 1919 mo. av 1920 mo. av 1921 mo. av.. $37,523 46,273 1922mo. av.. EDUCATIONAL BUILDINGS. 274 323 2,981 5,463 49,080 14,444 27,084 166 1,915 $9,960 170 227 275 2,190 3,382 4,549 14,358 20,319 25,279 49 49 54 60 3 6 8 $3,266 523 3,962 891 5,845 7,219 1921. January... February.. March April...... 8,108 14,351 25,362 33,889 506 549 870 880 3,262 3,277 4,424 5,084 20,528 17,020 22,776 29,176 250 197 296 288 2,359 1,786 2,341 3,497 15,437 9,037 10,640 12,919 1,573 2,085 3,833 4,556 6,724 8,319 14,382 17,948 30,732 36,294 60,701 75,006 73 81 160 228 1,257 1,625 2,969 3,328 6,905 8,647 19,031 22,640 782 94 587 660 4,779 1,146 2,698 4,482 May June July August 22,630 24,842 31,935 22.531 896 952 795 954 5,63.? 5,645 6,070 6,940 24,494 24,494 33,240 35,277 275 244 221 251 3,543 3,581 2,641 2,292 20,404 18,502 13,604 10,832 4,683 4,758 3,6S4 4,729 18,804 18,227 13,961 17.949 82,982 75,175 60,452 80,329 287 355 371 358 4,668 3,731 4,369 4,457 24,462 23,441 28,602 27,959 645 1,507 1,582 879 3,288 12,762 8,223 4,840 September. October... November. December. 36,469 31.532 23,610 55,029 971 1,029 880 847 7,174 7,991 5,158 4,583 41,259 37,405 24,221 22,056 269 357 350 290 2,706 3,984 4,197 2,846 11,283 18,419 17,695 14,553 5,286 5,314 4,681 4,236 21,709 21,978 22,666 21,901 95,303 89,650 90,324 100,897 321 202 147 144 4,238 3,228 3,416 3,297 26,459 22,429 18,212 15,046 1,987 680 531 760 11,878 5,200 4,506 6,343 1922. January... February.. March April 21,143 35,774 40,548 52,993 744 4,811 815 6,264 1,252 8,953 1,255 10,419 23,696 39,240 49,758 58,711 271 205 306 345 3,033 2,417 4,165 5,130 19,695 10,733 24,270 24,312 3,410 3,079 6,322 7,484 18,083 16,490 30,348 31,666 75,728 75,728 121,551 132,478 107 130 238 316 2,001 2,325 5,071 7,277 12,067 13,110 25,575 36,719 727 995 804 865 5,369 7,749 5,212 6,584 May June July August 58,338 49,341 52,054 56, 828 1,270 9,841 ,213 10,289 ,059 8,780 ,057 7,793 57,515 51,489 44,020 38,122 344 339 285 335 5,941 4,305 6,870 11,262 23,893 20,277 31,883 67,374 7,705 7,454 6,347 6,857 31,604 31,519 24,392 23,712 140,933 136,359 108,951 100,883 364 503 499 449 6,161 8,132 6,901 5,228 32,925 44,245 40,690 32,055 1,179 860 1,396 1,712 8,437 5,607 11,024 9,383 September.. October November.. December.. 42,977 47,342 62,116 35, 822 9,074 6,873 6,427 5,710 45,907 32,037 29,938 25,868 306 396 430 314 4,569 7,242 6,415 4,202 26,385 27,640 29,242 19,298 6,005. 6,599 6,623 5,111 23,059 25,814 28,759 24.950 101,428 110,776 122,469 120,139 237 211 135 112 3,644 3,343 2,180 2,330 21,214 17,437 13,058 14,251 714 1,085 1,016 427 5,331 8,541 9,977 3,417 1923. January February... March April 34,449 36,095 66,398 5,870 7,044 9,886 9,561 30,975 30,999 44,076 45,322 265 295 450 440 4,410 5,096 7,673 5,997 21,944 27,518 37,034 24,913 4,342 4,272 7,459 8,647 24,586 22,668 39,286 39,174 111,730 101,040 164,267 163,476 105 154 238 249 2,153 13,906 3,992 22,108 43092 | 22,550 5,849 I 35,822 480 692 1,172 672 2,855 4,949 5,869 5,015 ,003 ,066 ,022 1,239 1,331 May.. June.. July.. See footnotes on opposite page also. 2 Covers all classes of building in the states of Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia. 3 Estimates made by the F. W. Dodge Co. 90 BUILDING STATISTICS—CONTRACTS AWARDED. Table 43.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] PUBLIC WORKS AND PUBLIC UTILITIES. PUBLIC BUILDINGS. YEAR AND MONTH. Number of Square proj- feet. ects. ij Num- SOCIAL AND RECREATIONAL BUILDINGS. RELIGIOUS AND MEMORIAL BUILDINGS. GRAND TOTAL.' F;RE I | LOSSES.] NumNumNumber of Square ber of Square i berof Square Value. | proj- j feet, Value. proj- feet. Value. proj- feet. V a l u e . ects. ects. ects. Relative to 1919. 1913 1914 1915 1916 1917 monthly average., monthly average.. monthly average.. monthly average., monthly average., 1918 monthly average., 1919 monthly average. 1920 monthly average. 1921 monthly average., v Yl2 monthly average. 33 28 36 53 65 100 96 91 83 100 137 147 164 100 January... February. March April 57 49 68 100 May June July August.. 100 198 100 113 91 112 100 100 100 109 87 117 100 81 115 130 126 173 100 110 161 106 120 132 157 241 229 98 100 72 100 98 91 102 130 123 124 153 100 70 95 131 100 100 166 108 242 133 66 188 117 234 96 222 203 249 36 40 85 124 58 44 81 115 62 82 112 156 39 77 108 215 61 77 136 280 62 53 74 142 83 97 186 72 72 80 196 41 49 87 105 33 36 57 74 52 47 76 103 .58 115 127 99 109 130 134 113 158 88 138 87 165 125 160 133 149 173 135 145 155 127 112 107 148 150 136 137 115 136 121 128 143 146 146 122 148 170 191 178 161 261 287 204 144 226 299 198 110 115 94 112 77 77 68 76 113 106 99 103 107 129 149 115 74 64 291 123 69 193 234 136 79 192 132 124 82 65 85 84 63 67 122 119 102 78 157 109 97 79 168 95 96 88 165 151 105 84 275 209 111 115 249 183 104 108 119 118 100 90 89 87 81 76 115 103 89 92 114 125 117 129 77 38 83 96 100 53 219 145 84 63 170 123 49 52 120 144 45 51 124 180 77 58 114 121 72 62 108 113 91 57 118 134 85 120 171 102 142 179 246 108 156 156 265 74 70 135 157 65 64 111 125 77 83 137 164 172 131 178 138 89 70 109 106 279 281 263 157 224 216 1,237 233 183 193 187 194 153 138 189 119 135 145 134 141 188 255 113 202 291 200 146 179 211 221 218 218 440 360 323 301 383 340 323 284 166 164 144 152 128 130 111 116 160 163 150 133 108 164 96 77 94 89 62 115 87 155 113 118 102 156 171 177 141 86 70 120 99 66 59 125 99 78 51 147 85 69 26 172 94 61 35 176 168 134 91 233 262 223 84 232 231 191 84 133 139 132 103 95 100 101 83 126 118 114 100 185 179 137 212 116 64 159 153 139 71 133 128 57 72 128 193 62 72 102 146 68 86 105 133 64 107 130 137 81 125 133 167 64 55 74 87 89 143 201 86 107 197 286 92 154 180 139 138 101 107 155 166 163 191 184 146 1921. September. October November. December.. 1922. January... February. March April May June.... July.... August.. September. October November.. December.. 1923. January... February. March April May., June. July.. See footnotes on opposite page. 131 180 91 BUILDING STATISTICS—CONTRACTS AWARDED. Table 44.—NUMERICAL DATA. From commercial and trade sources,1 [Base year in bold-faced type; index numbers on opposite page.] PUBLIC WORKS AND PUBLIC UTILITIES. PUBLIC BUILDINGS. YEAR AND MONTH. \ n m i Tyloll INUin-i itlOll- 1913 monthly 1914 monthly 1915 monthly 1910 monthly 1917 monthly av av av av. . . . . av Number of projects. Thousands of dollars. GRAND TOTAL.' Num- Thou- Thou- Num- Thou- Thou- Num- Thouber sands sands ber ! sands ber sands sands of of of of of ! of j oj square of dollars. proj- s q u a r e dollars. proj- | square feet. ects. feet. feet. ects. i • ects. av. . . av. . . av... av. .. av. . . 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthlv Thnn- RELIGIOUS AND MEMORIAL BUILDINGS. SOCIAL AND RECREATIONAL BUILDINGS. , FIRE LOSSES. Thou- I Thousands of dollars. sands i of | dollars. 571,475 60,020 78,341 113,082 134,086 654 47 45 172 236 43 252 39 , 282 January February March.. April 27 23 32 47 113 1,079 324 2,482 202 | 2,271 404 j 2,781 May June July August 51 61 63 53 273 1,846 977 152 1,402 1,130 238 1,793 150 1,490 45 501 2,620 45 212 35 30 36 ! 18 ! 39 45 $1,119 2,218 1,859 2,703 841,834 l| 111 j 1,265 S6,964 j; 91 j 444 S3,127 6,862 46,683 422 3,446 4,821 33,491 140, 770 214,' 990 833, 4 1 6 27 ,571 7, 594 79 9 050 9, 164 115 767 5,033 6,520 • 32,267 211, 102 196, ,648 143 1,071 7,172 8,971 j 47,745 279,410 4, 274 ; 56 367 2,834 15,513 111,608 35,320 ; 48 368 | 2,253 3,361 16,807 100,677 25,889 67 430 \ 2,487 5,981 26,709 164,092 28,581 827 6,138 7,176 34,494 220,886 22,179 135 715 35,751 242,094 23,957 1,161 7,919 35,738 227,711 29,001 10,136 174 1,276 6,440 31,717 212,491 33,356 ; 8,502 162 907 4,497 7,075 9,356 6,204 7,530 155 7,684 35,246 220,721 25,829 | 11,693 150 1,222 8,144 41,702 246,186 25,502 1,383 I 6,632 137 928 8,096 40,436 222,480 27,955 113 1,222 6,713 96 491 6,891 37,818 192,311 26,179 87 1,002 6,149 76 510 6,181 35,272 198,518 28.908 914 6,356 62 455 21,193 64 787 3,941 77 629 788 51,997 127 1,362 8,228 109 795 940 75,251 134 1,432 156 1,092 534 47,195 704 38,265 130 1, 030 1, 456 46,847 118 1; 518 237 24,186 69 204 18,547 91 495 979 558 33,958 124 1, 368 48,043 173 2,723 i 19,533 129 64,999 164 1,451 J 9,975 52 967 166 1,710 i 10,202 895 46,902 151 1,529 949 44,797 152 1,624 861 35,414 135 1,990 1,523 808 35,141 132 119 884 538 26,397 332 2,143 423 27,833 172 942 318 18,735 92 705 338 377 1,902 249 1,380 109 27 ,721 Ij 34 ,241 1931. September. October November.. December.. 1922. j January I February i March. April. May June July August... September. October November. December.. 1923. January February March April 812 ! 5, 328 9 461 j 9,317 | 2,261 7,778 5,735 3,246 3,369 3,367 4,882 4,880 8,288 jj 42 480 2,506 1,197 '63,817 I 160 192 484 2,422 1,259 57,940 j 13,961 201 51 452 13,837 1,220 10,181 198 1,952 11,966 1,598 10,618 1,433 ! 10,085 50 270 2,603 1,272 2,381 3,223 79,162 I 149 1,435 ; 49,825 j 157 2,555 20,260 33 12,446 198 1,337 36 1,325 1,144 1,750 1,915 50,379 919 41,477 29 198 149 266 194 1,155 31 200 1,557 373 25,929 75 26 110 794 471 30,185 95 35 274 1,486 839 j 42,5.S6 41 264 1,431 1,260 60,926 44 42 560 27,516 461 24,875 161 139 110 1,855- 12,005 1,077 6,565 87 57 870 4,279 326 2 429 116 814 I 5,622 1,354 ! 8,693 1,643 9,272 148 1,736 j 11,609 i 8,889 160 1,035 153 1,162 122 | 992 83 | 375 7,259 7,224 5,979 2,624 5,073 30,261 166,320 38,663 4,782 30,061 177,473 29,304 9,250 51,957 293,637 39,911 10,746 58,146 353,162 31,010 11,358 59,639 362,590 29,809 11,249 60,526 343,440 24,103 9,902 51,705 i 350,081 36,668 | 10,457 54,019 I 322,007 21,580 9,108 44,275 | 271,493 41,515 9,568 46,806 | 253,137 ij 40,065 9,079 7,080 46,946 j 244,366 | 30,776 38,603 I 215,213 j 47,426 58 395 2,696 6,126 38,947 | 217,333 73 633 3,345 6,338 41,611 i 229,938 42,771 119 S92 64,920 333,518 41,160 164 1,270 6,170 1.0,546 8,931 12,336 64,527 357,475 32,638 i 36,615 I May.. June. July.. * Data compiled by the F. W. Dodge Co., covering small towns and rural districts as well as large cities in 27 northeastern states, except fire losses in the United States and Canada,included here for convenience, compiled by the New York Journal of Commerce. Prior to May, 1921, the building figures covered 25 northeastern states and the District of Columbia. Thestates are those north and east of, and including, North Dakota, South Dakota, Iowa, Missouri, Tennessee, and Virginia, together with portions of eastern Kansas and Nebraska. Beginning May, 1921, North Carolina and South Carolina w ere added to the list, but this addition is stated to have little effect upon the total, * Grand total includes military and naval buildings and miscellaneous, in addition to the groups listed in this and the preceding table (p. 89j. 92 HARDWOOD LUMBER AND FURNITURE. Table 45.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.1 NORTHERN HARDWOODS. MICHIGAN HARDWOODS; Logs. Lumber. YEAR AND MONTH. Production. Stocks, Ship- end of ments. month. Production. Shipments. PurShipchases. ments. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average. average. average. average. average. 100 1OO 2 100 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average. average. average. average. 78 76 67 46 4S 69 75 50 30 40 2 90 2 75 January... February. March April 54 60 71 76 May.... June July.... August. September. October November. December.. 100 j 110 I 87 89 110 Stocks on hand. Made into Purchases. lumber and veneer. Stocks on hand. Relative to 1922. I Relative to 1913. Relative to 1917. FURNITURE. WALNUT. | Ship- Unfilled ments. orders. Relative to 1920. I : 1 0 0 |. 78 87 103 119 74 56 103 116 121 98 94 110 131 108 75 22 16 28 21 65 71 73 77 102 133 170 175 60 56 37 34 21 27 26 26 71 81 81 80 25 21 21 31 31 48 55 January.. February. March April 54 46 41 May.... June.... July.... August. September. October November. December.. 100 100 60 23 29 36 43 61 37 54 59 12 14 18 18 162 140 111 63 65 61 77 ,85 60 53 50 68 20 17 25 28 79 74 C9 67 29 25 18 52 96 118 128 100 72 78 82 74 31 32 32 23 35 28 29 34 66 58 55 57 111 94 137 104 102 75 125 107 73 109 123 125 52 51 44 45 38 33 40 51 58 59 57 54 109 90 75 80 110 160 162 170 120 108 95 93 107 117 96 47 45 44 52 42 46 43 55 51 49 49 72 74 81 107 154 143 164 145 63 89 102 100 65 56 52 55 43 54 148 155 149 314 124 112 3 55 100 100 100 100 100 100 1921. 1922. 61 103 106 108 76 134 111 87 30 96 122 101 67 127 127 140 57 60 75 58 26 26 24 18 114 113 111 109 110 112 72 91 127 112 100 105 136 102 99 85 67 65 63 21 29 35 42 80 122 138 107 105 70 102 108 127 79 106 113 110 78 76 73 90 82 94 101 46 56 58 41 128 125 84 82 168 160 150 119 94 116 85 83 105 54 51 53 77 93 95 1923. January... February. March April May., June. July.. 47 46 93 HARDWOOD LUMBER AND FURNITURE. Table 46.—NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] MICHIGAN HARDWOODS.1 NORTHERN HARDWOODS." WALNUTS Logs. Lumber. Production. YEAR AND MONTH. Stocks, : Production. Ship- ; merits. '•. Stocky j PurPur- Shipon ments. hand. Ij 1 i chases. I ; ! : | Made I into Stocks on I and hand. I veneer. Thousands of feet, log measure. T h o u s a n d s of feet, board measure. 1!) 13 m o n t h l y average FURNITURES Ship- Unfilled ments. orders. Value, average per firm. ! i 28,318 j 25,390 [ 31,034 j 19,911 I 1914 m o n t h l y average 1915 m o n t h l y average 24,755 | 22,007 | 1910 m o n t h l y average 25,2% I 20,041 | 1917 m o n t h l y average 27,763 31,396 j 2 223,961 31,001 \ 30,105 [ 1918 m o n t h l y average 21,573 21,570 | ^201,053 j 29,211 ! 27,813 1919 m o n t h l y average 21,119 23,427 | a 109,080 j 32,732 ' 33,328 1920 m o n t h l y average 18,099 15,504 j s 122,408 | 34,20o 27,509 ! 1921 m o n t h l y average ] 2,052 9, 350 j 105, 984 ! 27 ; 838 19,007 ' 1922 m o n t h l y average 13,191 124,072 I 20,500 34,204 12,471 $40,266 $128,088 23,949 8,812 1,807 1,927 I 10,214 I 1,460 1,327 2,087 I 1921. 15,119 145,801 28,779 5,108 159,101 37,551 9,253 |j | 19,837 8,897 102,504 48,279 10,937 !! 21,224 0,593 172,757 49,456 15,801 ij 10,780 0,740 157,938 45,973 10, (Y.'A 24,187 25,391 15,551 8,450 182, 474 39,023 15,445 j 21,505 22,108 1Q, 100 8,092 182,283 31,519 9,382 May.... June July.... August.. 7,003 10,000 January.February March April 8,013 179,029 17,809 11,151 | 15,935 14,800 18,302 I 21,791 22,833 ! 23,819 22,9(35 19,007 | : 20,103 31, 301 21,075 27,228 35,700 8,180 24,377 28,813 39,899 5,750 15,078 100,309 0,985 41,384 17,195 154,948 5,189 32,812 40,810 8,580 11,330 150,747 14.709 29,853 j 32,432 I 25,282 I 31,309 5,959 Heptember... October November... December 29,874 29,057 14,896 10,881 148,631 31,399 25,841 I ; 1,325 12,787 8,047 129,070 23,600 19,059 |, 1,902 1,489 I 0,278 j 1,784 10,496 j 11,478 9,173 123,330 38,698 31,075 2,217 1,840 13,402 10,790 127,966 29,404 27,228 2,260 14,479 11,800 130,444 30,932 27,971 14,274 10,235 131,136 25,576 40,623 0,815 | 9,708 i 177,070 1922. January... February. March April May.... June July.... August. September. October.... November. December.. January... February. March April 1,113 1,951 392 1,398 23,084 33,860 1,270 2,643 24,118 32,828 10,824 1,619 1,615 2,643 30,180 30,586 1,707 11,067 1,269 1,343 2,923 23,234 22,662 2,176 1,535 11,633 2,053 11,504 1,682 1,487 I 1,324 I 1,399 2,846 2,125 2,072 1,773 20,900 1,960 33,301 26,944 37,172 45,394 53,835 12,109 12,444 128,515 21,376 41,228 1,719 2,251 11,314 12,575 10,073 121,257 22,522 43,103 1,675 1,852 11,083 1,003 1,031 1,050 1,333 13,057 13,100 122,956 20, 412 39,080 1,137 1,535 10,713 1,027 1,045 1,636 32,977 58,286 12,417 14,599 113,394 20,874 36,202 1,603 2,345 j 10,054 1,486 1,405 1,591 37,639 71,789 12,322 13,525 109, 786 22,879 41,653 1,843 2,661 ! 9,036 1,583 1,500 1,528 40,474 74,007 14,439 18,383 109,035 30,272 36,722 1,807 2,06S j 8,508 1,851 1,458 1,871 34,820 52,697 18,129 17,200 107,124 42,003 37,771 2,245 2,472 8,529 2,454 1,986 1,957 34,282 68,575 15,552 13,000 106,114 43,938 28,823 2,028 2,410 I 8,351 2,337 1,582 2,412 33,524 64,802 14,365 16,961 102,477 42,346 68.030 25,970 25,290 May., June. July.. 1 Data on Michigan hardwoods (chiefly maple, birch, basswood, and beech) are actual figures reported by about 40 mills each month to the Michigan Hardwood Manufacturers' Association. The number of mills varies from 35 to 62, but 44 is the highest number reporting since the beginning of 1920. 2 Quarterly average. 8 Ten months' average. 4 Compiled by the Northern Hemlock and Hardwood Manufacturers' Association representing chiefly Wisconsin and upper Michigan mills. These figures represent actual reports from 60 to 75 milLs each month. The hardwoods cut are mostly maple, birch, and beech. 5 Compiled by A merican Walnut Manufacturers' Association from reports of identical firms representing from 50 to 00 per cent of the walnut lumber industry. • Combined figures representing average shipments and unfilled orders per firm from reports of 50 identical firms of the National Association of Chair Manufacturers, from 42 to 58 firms of the Southern Furniture Manufacturers Association, and from about 100 firms of the National A lliance of Case Goods Associations. 94 PINE LUMBER. Table 47.—INDEX NUMBERS. From Government and non-Government sources* [Base year in bold-faced type; numerical data on opposite page.] YELLOW PINE.i YEAR AND MONTH. Pricey "B" Pro- Stocks, and duc- end of better, tion. month. Hattiesburg. Relative to 1917. 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average. average. average. average. average. 100 87 90 85 89 103 11)21. January February March April 79 91 87 May.... June July.... August. 92 87 87 94 Rel. to 1913. Production. Relative to 1917. 197 1OO 89 99 100 70 117 160 148 139 133 23 20 58 68 39 44 57 67 138 141 140 141 100 110 99 95 67 155 184 206 189 114 68 87 88 86 239 95 94 94 91 147 234 156 CALIFORNIA WHITE PINE.3 Rel. to 1920. NORTH CAROLINA NORTHERN PINEJ Lumber. Production. 1OO 104 104 123 68 110 100 81 92 WESTERN PINE.2 Ship- Stocks, end of ments. month. Production. Shipments. PINE.* Lath. Production. Shipments. Relative to 1919. Relative to 1920. Relative to 1918. 100 117 113 91 144 100 92 111 74 126 122 120 117 113 7 10 11 17 24 59 61 72 82 115 122 125 127 102 143 131 132 78 75 58 34 83 96 87 75 125 123 120 119 32 38 61 99 75 81 106 120 ProShip- ! duc- ments.! tion. 100 85 111 1OO 55 96 1OO 90 131 1OO 155 175 153 100 93 90 163 135 140 138 128 60 59 66 72 24 32 36 48 55 56 65 69 42 78 146 213 33 63 71 84 49 60 62 68 95 97 84 113 122 143 139 151 104 127 126 134 49 55 50 62 97 124 125 134 175 205 181 261 79 86 91 92 73 93 102 89 112 111 67 50 115 150 116 109 122 160 136 150 109 84 30 80 94 83 51 175 93 38 55 200 173 120 72 95 115 124 126 96 132 134 126 110 103 93 91 39 18 14 36 76 75 95 103 143 142 118 108 56 46 86 129 57 51 68 97 63 54 94 140 93 74 143 138 124 149 153 158 100 128 156 156 1OO 121 108 100 139 144 100 100 September.. October November.. December.. 93 95 100 92 86 1922. January February March April 94 88 101 94 85 85 182 189 178 180 May June July.... August. 113 118 105 113 81 80 80 81 184 198 196 200 146 150 130 161 147 158 141 147 86 90 90 116 177 170 250 119 167 127 214 84 130 145 161 169 163 154 163 117 116 114 130 189 212 207 197 157 171 214 345 155 158 162 160 180 163 166 186 September.. October November.. December.. 105 104 105 95 93 93 215 216 214 216 149 158 134 64 127 102 96 99 97 104 113 101 215 233 161 87 204 185 184 174 141 187 184 180 131 113 66 48 112 107 105 160 135 78 45 345 160 159 161 168 161 134 190 204 185 144 1923. January February March April 109 94 114 84 82 81 220 221 230 232 59 54 113 117 106 130 94 87 82 53 43 75 166 139 176 163 139 126 99 86 105 94 101 111 124 135 171 271 225 120 120 180 134 152 212 79 82 84 96 124 May.. June.. July.. See footnotes on opposite page also. 1 The ngures given for production and stocks of yellow pine are computed from data furnished by the Southern Pine Association. The method of computing is first to find the per cent which the actual production of the mills reporting is to the normal production of these same mills. This per cent is then applied to the normal production of 192 mills. Assuming that the mills reporting are a good sample of the industry, the resulting figure in each month is equivalent to the actual production of the 192 identical mills and hence shows the trend of the industry. The same procedure is followed in the case of stocks. The normal monthly production of the 192 mills is given as 484,065,392 feet and the normal stocks of the same mills as 1,262,450,326 feet. By normal production the Southern Pine Association means the average output for the first 4 months of 1916 and normal stocks refer to the average stocks during the 16 months ending with April, 1916. 2 The Western Pine Manufacturers' Association has supplied figures showing the actual and normal production for the mills reporting in each of the periods shown. From these figures the per cent of normal production is obtained in each case, and this per cent is applied to the normal production of 54 identical mills. The normal monthly production of these 54 mills is given as 148,000,000 board feet and is estimated to represent 70 per cent of the output of the western pine territory. a Actual figures reported by about 20 mills each month to the California White and Sugar Pine Association; the number of mills varies from 13 to 26. * Northern pine from the Northern Pine Manufacturers' Association, and includes reports from some 24 mills, both member and nonmember, located chiefly in Minnesota. 95 PINE LUMBER. Table 48.—NUMERICAL DATA. From Government and non-Government sources. [Base year in bold-faced type; index numbers on opposite page.] YELLOW PINE.i Stocks, end of month. Pricey "B" and better, Hattiesburg. Thousands of feet, board measure. Per M feet. Production. YEAR AND MONTH. WESTERN PINE.2 423,529 1,371,652 1917 mo. av 368,309 1,116,259 1918 mo. av 937,748 380,533 1919mo.av 1,187,587 1920mo. a v . . . . 358,031 1921 mo. a v . . . . 375,438 1,211,174 1,177,627 436,467 1922 mo. av $31.54 33.76 55.00 74.53 35.98 45.46 CALIFORNIA WHITE PINE.s Lumber. Production. Ship- Stocks, end of ments. month. Production. Shipments. Stocks. Production. Shipments. Thousands of feet, board measure. Thousands of feet, board measure. NORTH CAROLINA NORTHERN PINE.4 109,357 110,423 113,424 j 97,784 I 52,561 31,900 265,113 113,794 109,032 | 48,263 37,284 287,645 134,467 110,697 :881,924 58,368 36,036 267,276 40,273 50,139 74,437 76,810 1,063,658 34,204 27,768 39,110 29,114 370,303 119,956 128,669 866,388 44, 512 48,357 66,387 45,784 382,216 Lath. Production. Shipments. Thousands. 9,581 8,669 12,574 6,357 9,882 11,097 Production. Shipments. Thousands of feet, board measure. 34,230 33, 514 30,164 52,543 32,179 29,791 29,052 52, 496 I I 1921. January February...... March April 998,258 3,659 5,482 5,576 8,971 22,922 342,177 29,180 24,040 5,250 5,336 6,217 6,643 13,521 28,693 21,805 73,942 1,015,276 53,423 30,273 I 325,209 42,068 24,790 9,265 11,135 26,999 23,604 75,868 1,072,349 75,357 31,097 382,202 51,035 27,553 11,870 13,051 29,316 29,995 76,120 1,103,480 68,597 26,914 i 371,804 50,558 24,890 11,949 11,504 3C,989 32, 879 90,397 1,120,913 69,240 36,150 I 403,083 54,047 I 31,209 12,854 16,589 31,360 28,553 91,996 1,101,300 58,940 36,543 324,761 43,767 39,920 16,795 12,708 32,396 30,758 105,780 1,085,943 58,348 47,808 427,720 33,881 47,327 8,878 10,995 39,347 42, 406 96,496 1,056,576 35,445 37,018 363,698 12,275 41,799 3,659 7,635 42,497 42, 980 82,505 1,052,423 26,278 34.827 401,677 19,205 25,458 5,311 4,582 43,190 40,530 35,385 82, 874 966,705 20,318 24,287 381,316 22,530 28,444 6,052 42,490 32,270 41,793 89,272 907,712 9,327 23,893 378,640 18,612 25,565 5,160 50,890 41,090 66,509 116,551 823,200 7,290 30,327 314,258 34,783 34, 295 9,018 52,290 50,050 108,186 132,001 805, 870 19,149 32,730 287,452 52,096 48,416 13,430 54,180 50,330 384,300 1,302,849 1,284,291 1,287,447 . 31.92 63,126 63,126 1,027,624 366,631 1,248,058 J 30.71 74,324 74,453 291,843 334,054 36.89 24,698 42,793 1,073,594 33.99 22,274 48,603 1,056,161 May.... June... July.... August. 3S7,736 1,223,441 367,357 I 1,225,461 370,310 I 1,256,643 396,062 j 1,225,839 31.78 32.52 109,266 119,831 108,354 103,948 September October November December. 391,948 | 1,183,042 401,484 | 1,083,311 423,702 I 1,087,727 389,832 1,125,979 35.79 84,984 42.57 47.41 43.57 82.144 63,155 37.145 1922. January February March April. [ I 396,120 j 373,626 428,103 397,553 ! May.... June.... July.... August. 477,898 499,247 446,468 479,138 September October November December 445, 258 441,986 443,389 400,815 1923. January February March April 462,571 400,113 480,966 1,172,652 1,200, 704 1,208,089 1,159,422 1,111,878 1,095,580 1,091,060 1,117,534 1,207,900 1, 273, 446 1,274,418 1,218,843 1,146,677 1,118,834 1.107,612 32.39 32.27 41.96 43.53 40.96 41.35 42.48 45.63 45.22 46.12 49.45 49.86 49.27 49.69 50.78 50.80 52.95 53.53 7,554 361,100 24,319 12,087 18,665 372,835 23,722 16,117 19,600 367,371 26,396 18,028 2,664 11,221 4,947 21,539 19,215 9,255 24,423 20,020 4,717 9,061 8,748 15,883 160,087 162,776 778,475 60,951 37,878 223,196 68,252 58,428 18,115 9,986 52,990 57,890 163,816 173,981 758,551 93,099 53,327 347,278 65,662 58,398 20,287 10, 896 54,250 52,360 141,898 155,837 794,040 89,366 40,405 386,171 62,065 57,409 I 19, 880 13,574 55,370 53,480 175,630 161,840 796,220 131,500 68,128 430,529 65,741 64,980 18,877 21,936 54,6C0 59,930 162, 479 140,278 856,094 112,959 65,051 376,117 52, 803 56,363 15,324 21,948 55,230 61,180 173,178 112,163 919,186 122,692 59,088 494,537 45,688 53, 526 12,909 10,183 57, 400 65,660 149,253 106,071 993,484 84,497 58.828 489,042 26,693 52,741 7,503 10,085 55,090 59,500 70,050 109,622 894,211 45,501 55,471 478,054 19,219 41,717 4,329 6,121 45,731 46,214 64,093 128,711 830,534 28,097 53,102 432,247 34,736 49,728 9,025 8,759 40,950 43,120 59,148 116,557 766,391 22,699 44,282 367,597 33,702 42,883 9,671 10,845 41,090 48,930 123,152 143,090 725,954 39,463 56,156 333,169 61,460 68,110 38,714 52,720 10,607 17,241 49,748 43,039 11,896 14,342 May.. June.. July.. See footnotes on opposite page also. 5 rom repo Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association^ Inc., for mills varying in number from 31 to 56. The computed figures given are obtained by first determining for a given month the per cent whii the actual production is of the normal production of the identical mills ich reporting. This per cent is then applied to an arbitrary figure of 70,000,000 board feet, which represents the approximate monthly average normal production of the mills which reported in 1919. A similar per cent of actual shipments to normal production is applied to the same figure to obtain the computed shipment figures. The resulting figures represent a computed production as of identical mills for each month. The figures are of the same order of magnitude as the actual reported production and shipments, but avoid the rather wide variations due to different mills reporting in different months. « Data from U. S. Department of Labor. Bureau of Labor Statistics, and represent average weekly prices for the month. The 1913 monthly average on which the index numbers are based, is $23.04 per thousand feet. 96 LUMBER—MISCELLANEOUS SPECIES. Table 49.—INDEX NUMBERS. From Government and non-Government sources. [Base year in bold-faced type; numerical data on opposite page.] DOUGLAS FIR.i Shipments. Price,2 No. 1, common. Relative to 1917. YEAR AND MONTH. Rel. to 1913. Production. 1909-1913 mo. av. 1913 mo. av 1914 mo. av 1915 mo. av 1916 mo. av 1917 mo. av 1918mo. av. 1919 mo. av. 1920mo. av. 1921 mo. av. 1922mo. av. 1921. May.... June July.... August.. MICHIGAN SOFTWOODS.* Produetion. NORTHERN HEMLOCK.* ! Stocks, end of |month. R e l a t i v e t o 1917. Production. Shipments. R e l a t i v e t o 1913. 100 CALIFORNIA REDWOOD.* Production. TOTAL LUMBER. Ship- Orders rements. ceived. Exports: Produc- Boards, Hardtion^ planks. wood. etc.7 Softwood. Rel. to Rel. to 1920. Rel. to Relative to 1918. 1913. 100 172 100 95 100 96 95 Rel. to 5-yr. av. 84 53 84 1OO 100 98 103 51 94 91 97 48 107 112 198 67 74 2 69 89 104 1OO 1OO 100 85 48 107 110 276 65 72 2 50 80 102 97 115 139 94 71 109 104 325 53 37 3 52 72 53 118 124 106 94 72 85 92 129 39 40 70 45 51 106 100 103 80 56 126 126 166 45 46 49 62 72 131 154 166 103 72 92 111 125 55 37 76 52 50 122 81 99 45 91 97 125 46 50 75 60 59 108 76 79 60 78 83 125 27 34 71 60 44 86 77 48 82 94 113 114 37 41 74 59 57 129 118 116 87 59 97 98 114 31 62 j 71 42 66 113 104 122 83 56 107 113 114 26 74 63 31 91 113 117 155 86 69 105 97 125 48 64 60 31 77 135 171 198 87 62 99 93 125 31 41 61 26 47 105 117 105 100 102 125 26 32 56 55 116 107 136 18 34 51 35 115 114 124 24 34 48 121 136 125 51 46 47 May.... June July.... August.. 133 151 147 57 54 46 140 160 147 72 48 47 136 138 158 51 43 58 77 85 122 122 128 109 65 136 133 179 63 50 43 69 81 168 190 215 118 69 September. October November. December.. 137 129 212 63 53 50 67 138 114 212 49 48 51 63 136 110 212 25 49 47 104 123 212 35 57 43 September. October.... November. December.. 1922. January February March April 1923. January February March April May. June. July.. 1921. 100 121 2 100 113 1OO 89 82 1OO COMPOSITE PRICES.** 85 100 119 139 85 33 87 131 135 84 71 54 58 130 156 169 95 90 66 60 126 126 148 96 74 72 169 183 219 114 76 90 133 162 148 120 85 136 165 144 112 60 77 140 125 168 112 62 48 77 176 182 204 107 65 53 56 84 188 179 122 156 212 42 37 44 71 59 150 235 116 149 212 32 33 46 59 52 117 185 208 148 182 236 35 40 50 75 78 160 216 233 128 185 151 236 60 65 9 102 9 92 73 74 72 100.0 196.4 I 100.0 55.7 61.6 94.9 91.6 85.4 53.6 52.8 51.9 50.1 82.1 81.5 84.1 92.9 49.7 53.3 55.8 55.3 92.6 92.2 93.1 90.6 55.2 56.2 55.6 55.6 90.5 93.6 97.7 98.0 58.2 62.0 61.6 62.6 97.5 101.0 101.8 108.4 67.7 67.1 67.8 69.1 109.0 115.4 116.2 120.2 69.3 70.8 72.8 74.5 119.3 73.8 See footnotes on opposite page also. The figures of production and shipments of Douglas fir were obtained by applying the percentage figures of actual production and shipments to normal production of reporting mills as supplied by the West Coast Lumbermen's A ssociation to the actual production of 124 mills for May, 1920. The production in that month was 447,654,540 board feet. '* Data from U. S. Department of Labor, Bureau of Labor Statistics, and represent average weekly prices for the month for the State of Washington. 7 3 Data on Michigan softwoods (chiefly hemlock) are actual figures reported by about 40 mills each month to the Michigan Hardwood Manufacturers Association. The number of mills varies from 35 to 62, but 44 is the highest number reporting since the beginning of 1920. 4 Compiled by the Northern Hemlock and Hardwood Manufacturers' A ssociation, representing chiefly Wisconsin and upper Michigan mills, from actual reports of from 60 to 75 mills each month. 1 97 LUMBER—MISCELLANEOUS SPECIES. Table 50.—NUMERICAL DATA. From Government and non-Government sources. [Base year in bold-faced type; index numbers on opposite page.] MICHIGAN SOFTWOODS.s DOUGLAS FIR.1 Priced No.l, common. YEAR AND MONTH. NORTHERN HEMLOCK.* CALIFORNIA REDWOODS TOTAL LUMBER. Exports: Boards, planks, etc 7 Stocks, end of month. T h o u s a n d s of feet, board measure. COMPOSITE PRICES.s T h o u s a n d s of feet, board measure. 1909-1913 mo. a v . 1913 mo. av $9,208 37,664 36,442 2,197,334 1914 mo. av 7.917 32,339 2,102,537 1915 mo. av 875 37,603 30,718 31,798 34,653 2,086,531 35,659 2,262,175 10.375 1916 mo. 17,741 1917 mo. av 349,165 323,201 1918 mo. a v . . . 361, 251 1922 m o . a v . . . 375,128 374,680 380, 850 297,737 440,241 40S, S4S 15. 875 18.250 25. 417 29.917 11. S33 15.250 1931. May June. July August 320,515 316,039 273, 064 329, 020 358,565 314,248 267,245 363,937 11.500 11.500 11.500 10.500 j 337,973 | 374,681 316,486 366,176 312,477 301,688 10.500 10.500 11.500 11.500 350,081 422,157 330,831 346,500 357, 988 439, 11. 500 12. 500 11.500 11.500 464,686 488,861 476,199 475,878 487, 518 518,407 445,625 430,215 13. 500 13. 500 11. 500 16. 500 9,832 12,406 8, 846 10,863 477,222 482,145 474,961 364,436 415,442 369.332 356.333 398, 815 19. 500 19. 500 .500 19.500 10, 901 8,548 4, 299 6,112 1919mo. a v . . . 1920 mo. a v . . . 1921 mo. av . . . September October N ovember December 403,802 402,459 September October November December 355,432 335, 735 298,505 35,327 33,643 30,056 27,290 16,986 23,483 13,200 12,857 6,494 7,034 8,108 9,559 N, 021 4, 752 6,363 2,141,144 1,874,419 2,069,522 2,059,875 1,762,264 2,270,551 37,460 36,404 44,243 39,618 49,035 85,220 85,452 109,268 129,227 100,587 128,515 19,638 23,051 28,394 1,948,155 79,665 40,539 21,786 22, 817 1,926,225 106,862 16,107 32,334 21,935 13,682 1,794,298 106,388 22,278 20,657 48,748 33, 797 33,417 1,919,598 105,848 15,705 11,782 11,835 9,953 24,124 33,127 28,188 17,076 I 29,817 33,417 48,814 33,280 35,024 44,599 56, 820 30,235 1, 824,442 1, 888,226 1,916,251 1,765,825 100,585 123,264 110,902 151,268 20,633 13,368 20,290 24,793 5,720 6,083 6,103 8,157 45,799 21,551 22,444 75,431 66,576 63,677 64,703 18,234 22,615 13, 867 11,931 21,051 21,913 34,057 37,536 44,507 35.888 39,922 38,841 48,604 42, 479 1,865,240 1,837,104 2,078,404 2,103,965 148,675 125,973 159,869 132, 807 62,945 42,412 36,703 61, 945 2,497,962 2,641, 883 2, 405, 874 2, 583,080 135,953 152,379 115,858 123,233 2, 452,180 106,943 110,152 115, 243 115.097 37,386 32, 648 48, 884 47.099 27,187 35,630 33,879 j 39,240 45,614 ! 34,818 62,827 I 54,118 9,345 53,607 8, 489 54,454 8, 701 50,0.85 10,149 45,633 25,073 23,649 17,963 19,997 32,333 28,171 27, 888 20,425 50, 901 52,531 66, 105 31,527 2, 466, 850 2, 359, 837 1,954,228 503,701 19.500 42, 799 19.500 52, 740 21.500 61,796 40.93 128,773 52,744 589,561 5 40.81 132,534 21.500 37.82 39.10 130,772 480,289 34.29 34.05 35.13 38.79 See footnotes on opposite page also. The California Redwood Association has furnished to the Bureau of the Census figures on the actual production, shipments, and orders received by 7 identical mills the Figures in this column represent the total cut of 10 species of lumber—yellow pine, Douglas fir, hemlock, western pine, redwood, maple, birch, beech, white fir, and sugar pine—representing over 70 per cent of the total cut of lumber in the United States. Annual figures for 1913 and 1914 are from actual reports to the U. S. Department of A griculture, Forest Service, and from 1915 through 1920 are computed on the basis of actual reports to the Forest Service. Monthly figures for 1920 are obtained by prorating the cut of each species as reported by the associations whose figures are carried in these columns to the Forest Service totals. For subsequent months prorating is done on an approximate average for the years 1917 to 1920. 7 Exports of lumber are from U. S. pepartment of Commerce, Bureau of Foreign and Domestic Commerce. 8 These ^.^w^ i*xv for the first week in each month as published in "Lumber," and r< represent a combined weighted average for the respective series of l u m b e r , based on ^—v^v, indices are iw. m ^ "iou v.^wv iu w v n xiLuiauii cio [juunaiicu in ±ju,iuuci, nLxu. quotations ojn various grades for each species, and the species weighted according to annual production of the previous year, changing about May of each year, when the new production figures are available. The soiivyuou muex is based upon seven species: Yellow pine, .uougias fir, rsortn uaroima pine, wnne pine, nemiocK, sp i enow « :,_i^ ™, softwood index oasea Douglas nr, North Carolina white hemlock, spruce, and cypress. The 9hardwood index is based upon 13 species: Maple, birch, basswood, elm, beech, oak, gum, ash, cottonwood, chestnut, poplar, hickory, and walnut. Paitly estimated. 43622°—2; 98 FLOORING AND NAVAL STORES. Table 51.—INDEX NUMBEBS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] MAPLE FLOORING. Produc- Ship- Stocks, Orders end of tion. m e n t s . month. booked. YEAR AND MONTH. Unfilled orders, Produc- Shipend of tion. ments. month. Relative to 1919. 71 . 1921. January February . March April 1OO 30 42 51 61 13 206 72 209 57 209 49 202 75 187 94 185 184 76 200 49 110 92 92 72 67 90 216 222 218 50 57 91 90 208 100 118 104 115 121 109 ,173 159 135 98 78 130 118 151 84 107 1OO 53 47 81 74 36 42 62 57 200 67 69 66 80 80 93 113 117 June July August 1OO 70 69 101 108 . . May 77 84 September October November December 75 1933. January February March April May July August September October November December 103 199 180 Unfilled Net Net orders, receipts Stocks receipts Stocks end of (3 ports). (3 ports). (3 ports). month. 3 ports). 77 70 27 53 100 1OO 114 148 167 73 151 161 186 343 Relative to 1919-20.* 131 85 100 1OO 122 183 80 156 232 98 191 187 250 210 174 147 277 288 92 78 294 109 184 193 160 130 104 258 226 230 398 174 150 173 192 240 165 358 383 100 143 207 151 84 100 1OO 161 135 100 178 143 109 123 100 375 149 141 149 128 157 389 256 456 147 80 151 151 150 137 162 166 83 206 85 444 50 59 166 65 99 88 443 56 36 134 46 17 127 174 209 444 51 55 94 33 155 158 145 21 153 199 229 413 84 92 91 52 150 25 189 211 194 397 127 169 124 104 27 204 229 200 418 153 220 119 141 156 154 23 193^ 212 180 391 138 239 157 157 28 235 261 250 393 134 222 170 162 167 164 1 68 203 64 83 70 16 28 223 280 273 371 132 192 179 154 162 i 105 102 198 38 244 353 451 308 287 153 187 140 156 46 254 325 389 232 290 161 206 171 153 36 262 301 214 242 288 151 215 203 168 32 31 39 289 249 274 378 223 305 321 312 293 288 344 46 21 22 172 107 62 163 149 141 296 462 86 36 109 69 79 104 166 180 176 190 126 143 87 98 186 259 263 47 305 298 66 328 261 557 188 352 361 420 477 404 501 69 65 59 401 350 225 230 530 492 205 212 15 35 53 415 450 425 234 513 225 83 385 491 370 127 154 164 358 427 360 235 496 57 486 393 211 445 103 180 142 110 155 54 440 480 213 486 174 129 189 176 136 108 163 80 102 395 402 196 174 167 83 127 58 352 408 392 236 564 163 144 199 174 139 . . 58 103 150 158 85 134 1923. January February March April 100 36 63 84 100 103 83 114 83 90 1919monthly a v . . . 1920monthly a v . . . 1921 monthly a v . . . 1922 monthly a v . . . 76 100 112 138 173 . 1917 monthly av Stocks, end of month. Relative to 1913. 1909-1913 mo. a v . . . 1913 monthly av 1914 monthly av. . 1916 monthly av Orders booked. ROSIN.2 TURPENTINE.* OAK FLOORING. 112 162 173 94 412 402 494 283 695 68 125 122 169 113 96 165 113 105 366 417 548 281 785 39 94 83 141 123 129 150 129 111 483 582 649 281 908 36 47 87 111 107 49 116 101 95 166 Mav July 1 1 1 1 See footnotes on opposite page. li 99 FLOORING AND NAVAL STORES. Table 52.—NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] MAPLE FLOORING. YEAR AND MONTH. Produc- Ship- S endo1' tion. m e n t s . month, Or<lcrs TURPENTINES OAK FLOORING. Unfilled orders, Producend of tion. month. Ship- Unfilled Orders Stocks, orders, end of booked. month. end of month. a Stocks ROSIN.* Net receipts Stocks [3 ports). (3 ports). Barrels. Thousands of feet, board measure. 1909-1913 mo. av. 4,572 4,572 4,719 11,780 6,160 1913 monthly a v . 6,675 6,009 6,104 9,000 7,250 1914 monthly a v . 7,464 6,877 7,419 16,500 5,800 26,494 1915 monthly a v . 9,205 8,894 9,525 20,900 7,100 22,807 59,721 92,260 275,273 11,563 11,470 11,429 22,500 15,250 26,312 74,513 93,023 325,956 1917 monthly a v . . 11,120 10,446 8,956 24,900 20,900 23,034 111,396 80,202 322,345 1918 monthly a v . . 4,858 4,781 26,500 7,900 12,736 119,138 46,423 270,594 | 1916 monthly a v . 1919 monthly a v . . 11,848 15,448 1920monthly a v . . 8,259 15,963 8,121 30,749 11,935 27,768 5,289 4,250 30,886 4,754 4,963 30,620 8,101 7,300 31,314 7,479 6,741 31,896 4,299 5,947 7,253 8,630 10,039 10,383 1921 monthly a v . . 8,378 1922 monthly a v . . 11,418 1921. January February March April May.... June July.... August. September.. October November.. December.. 1922. January February March April 38,289 26,723 10,193 20,209 10,101 11,070 11,782 14,433 15,038 15,240 31,092 55,937 200,621 10,745 7,800 6,343 23,237 12,902 21,869 34,013 68,983 200,226 12,411 13,595 14,058 33,729 10,816 21,436 46,315 71,835 314,974 22,877 23,945 23,723 23,006 33,060 22,425 24,819 84,653 303,873 I 5,113 | 4,269 4,182 5,217 39,949 3,620 8,919 ] 51,563 36,234 , 310,905 6,112 5,508 5,966 5,355 39,843 4,095 | 5,455 | 41,755 25,935 6,392 8,464 10,474 12,742 39,998 3,666 j 8,430 | 29,299 18,507 i 289,971 8,150 10,222 11,981 14,002 37,213 6,111 ! 14,055; 28,412 29,356 ! 301,713 25,768 I 38,418 58,293 ; 312,507 8,311 7,963 31,896 10,162 12,702 11,869 35,764 8,234 32,271 8,100 9,897 10,311 12,609 9,038 13,636 13,767 12,186 37,588 7,721 7,813 32,268 6,968 8,961 12,895 12,737 10,996 35,201 8,438 9,469 31,180 10,564 10,541 15,717 15,670 15,256 35,352 9,240 316,440 33,468 I 36,949 78,883 | 9,969 36,435 I 48,775 88,097 335,674 9,722 33,773 52,861 90,430 328,907 11,095 \ 308,341 7,510 9,472 28,893 9,632 10,868 14,900 16,837 16,667 33,415 9,552 29,204 I 55,-509 86,008 324,486 10,851 11,066 28,516 14,897 14,597 16,266 21,209 27,559 27,742 20,808 23,328 : 58,066 78,115 313,904 11,329 11,141 28,383 I 14,517 17,481 16,933 19,544 23,771 20,922 21,022 95,501 307,496 11,713 9,042 30,865 j 6,927 13,894 17,510 18,065 13,070 21,763 20,888 ; 24,551 j 63,913 23,070 I 66,965 I 113,524 336,680 11,024 8,533 33,329 7,051 12,226 19,262 14,970 13,606 27,467 21,330 7,054 | 53,423 61,209 327,932 9,274 7,947 34,248 8,105 11,818 17,282 16,455 16,063 28,856 20,907 3,240 ; 33,204 38,533 299,305 9,232 10,611 34,187 12,323 14,905 20,367 22,690 23,479 28,090 24,935 3,301 19,280 44,069 282,428 9,093 10,631 32,174 13,853 17,839 19,892 22,227 29,951 26,615 33,501 13,139 11,081 58,015 255,326 19,076 13,920 11,078 11,950 25,098 26,330 25,076 22,668 21,914 23,495 24,082 27,669 25,251 28,646 24,261 27,037 30,608 24,472 21,310 25, 971 23,534 20,245 20,712 21,054 40,417 38,434 35,637 37,173 28,659 31,306 32,306 34,346 ; 4,601 10,731 16, 491 25, 849 93,019 100,556 98, 368 106, 008 251,823 287,138 308, 027 329,268 12,093 11,791 11,281 14,444 22,397 23,903 25,672 21,991 20,120 35, 957 29,797 i 29,601 100,522 335,702 21, 872 26,357 29,185 23,973 19,014 32,296 26,454 | 31, 949 79, 385 332, 747 20,580 26,828 26,431 29, 269 19,132 35,209 26,582 j 40,161 105,800 352, 465 22,324 23,473 24,510 23,948 21,230 40,925 24,835 j 44,774 111,108 349,917 | May.... June July.... August. 10,701 11,866 10,434 13,047 September.. October November.. December.. 12,518 1923. January February March , April , 14,163 5,106 8,991 12,214 5,537 j 83,914 13,648 13,606 I 28,793 14,280 j 26, 719 12,956 j 2-1,528 j j 14,002 i 23, 272 , j 12,705 23,111 j 12,243 24,344 13,010 23,908 12,762 25,156 13,442 12,755 i 13,929 13,269 25,023^ 24,481 36,084 27,473 24,162 30,137 25,447 50,398 10,326 38,758 67,967 338,957 11,333 11,354 25,539 16,033 40,200 24,421 25,031 33,458 25,301 56,936 5,914 29,238 46,644 2H2,610 12,344 15,329 23,161 18,321 42,434 32,236 34,964 39,641 25,297 65,823 5,431 14,596 48,445 222,501 16,267 15,312 65,058 202,391 May.. June.. July.. l/VStsC*! ISGIA. I I U W I U I ^ l l l U U O b l V » *• V»V>V/AJJ I/O CkllVJ. OV\JKsl%.O Cb\j VllVJ. \J I 1111/11 t i l \J I I U 1 U C l l l U l t CkllKJL l\J\3HL Ckl> O Cfrl/JLOWl I V klL\Jy kJQ V' Board of Trade, Jacksonville Chamber of Commerce, Pensacola Chamber of Commerce, and the Naval Stores Review. 2 Monthly averages for years refer to seasons beginning April 1, of year indicated. said to represent it 90 per cent of the reports of Savannah 100 BRICK. Table 53.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] CLAY FIRE BRICK.2 YEAR AND MONTH. Produc- Shiption. ments. SILICA BRICK.3 New Unfilled Produc- Shipments. orders. orders. | tion. Stocks. WHOLESALE PRICES. FACE BRICK.< s tto r K S oc k s » - Common j brick, Produc- s t o r k s Unfilled Ship- salmon, tion. »*ocKs. orders. ments. run of kiln, Chicago. Relative to 1920. Relative to 1919. 1913 m o n t h l y a v . Common brick, red, NewYork. Relative to 1913. 100 100 84 92 1914 m o n t h l y a v . 1915 m o n t h l y av.. 1916 m o n t h l y av., 97 122 1917 m o n t h l y a v . . 100 135 1918monthly a v . . . 151 1919 m o n t h l y a v . . . 100 100 123 95 189 145 186 182 213 333 232 265 50 31 49 45 229 227 235 186 251 251 21S 229 177 170 172 172 221 221 225 225 232 229 229 221 120 195 106 100 111 103 100 117 ! 45 38 37 35 100 105 182 ! 95 58 79 75 92 144 178 85 39 77 66 63 24 45 198 40 76 60 45 38 58 89 40 98 34 196 34 108 47 175 51 79 30 106 17 28 13 27 37 99 123 157 71 99 18 103 142 175 85 126 22 99 139 181 77 122 27 100 153 185 73 137 33 32 33 34 28 101 126 188 67 121 34 101 137 176 63 134 100 100 1920 m o n t h l y a v . . . 120 1921 m o n t h l y a v . . . 63 1922 m o n t h l y a v . . . 92 90 110 105 90 81 70 93 99 1OO 100 100 1OO 157 100 . 176 64 121 LSI &100 232 1921. January February— March April... 83 63 97 33 52 51 97 38 May.... June July.... August. 49 45 99 41 53 43 103 44 43 43 103 33 103 47 September October November December ' ; j ! 49 51 102 50 60 63 100 59 1932. January P'ebruary March April ! ! May.... June.... July.... August. September... October November... December... 1923. January February March April 52 j 63 5s 102 67 60 105 59 68 02 59 100 61 10) 70 84 76 107 84 82 76 108 89 92 95 93 102 87 97 110 111 114 117 96 104 113 116 110 117 110 99 90 91 99 112 108 102 36 37 32 29 ! 29 27 28 25 I ! 25 32 34 42 ; 48 61 72 79 85 76 76 72 99 163 38 119 186 58 84 52 103 207 52 63 171 174 175 1S1 46 65 126 171 170 170 173 173 232 255 248 255 177 178 186 177 302 307 307 290 178 182 176 177 255 232 225 266 178 177 175 305 305 305 47 73 213 53 52 67 211 76 65 70 i 59 47 56 88 126 216 100 75 87 144 199 118 87 82 81 69 76 76 89 S3 209 91 112 99 97 81 91 187 188 93 183 176 90 140 147 86 165 150 173 151 147 152 154 138 139 149 207 167 189 94 95 182 160 134 151 81 101 151 161 105 145 78 108 149 182 96 110 111 107 112 105 106 108 112 99 128 114 118 12ti 80 102 102 111 129 191 149 137 111 105 118 131 95 103 103 109 102 208 186 98 131 139 115 193 126 119 127 107 147 217 226 160 ! May.. June.. July.. See footnotes on opposite page also. 1 Except wholesale prices, monthly averages, from U. S. Department of Labor, Bureau of Labor Statistics. The sources of the other data in this table are: Clay fire and silica brick from the Refractories Manufacturers' Association and face brick from the American Face Brick Association. 2 Figures for 1921 are from reports of 68 identical mills with a monthly capcity of 78,645,942 bricks, which is estimated by the association to represent from 68tto 70pper , y p cent of the total clay fire brick capacity of the United States. Figures for 1919, 1920, and 1922 are computed to this capacity respectively from reports from 53 56 and , , capacity, respectively, 53, 56, y c capacity of t 73,526,103, mills having a monthly capacity for the years in question of 71572186 60 mills having a monthly capacity for the years in question of 71,5 2,186 and 73526103 and 73,307,190 bricks. 101 BRICK. Table 54.—NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] CLAY FIRE BRICK.* YEAR AND MONTH. Stocks. New orders. Unfilled orders. ProShipducStocks. tion. m e n t s . WHOLESALE PRICES. FACE BRICK. 1 SILICA BRICK.3 Production. Thousands of bricks. Common Combrick, mon UnShip- salmon, brick, Stocks, filled ments. run of red, orders. kiln, New ChiYork. cago. Thousands of bricks. Per thousand. 1013 monthly average.. $4.94 1914 monthly average. 4.87 5. 53 1915 monthly average. 4.78 6.05 1916 m o n t h l y average.. 4.78 8.04 1917 monthly average. 4.95 8.89 7.45 11.93 191* monthly average.. 1919 monthly average.. 50,727 50,648 138,810 51,434 93,746 14,062 14,008 41,750 15,647 34,010 27,525 1920 monthly average.. 60,715 62,438 129,235 I 61,809 182,513 14,904 15,580 42,911 I 18,362 53,269 48,430 •> 13,967 1921 monthly average.. 32,029 29,114 136,967 22,958 35,976 5,246 4,865 41,563 j 16,383 61,983 17,489 1922 monthly average.. 46,512 45,353 152,632 49,075 54,836 11,095 10,522 38,287 i 22,460 i 60,655 33,257 $6.56 8.95 15.96 11.44 21.85 13,328 9.33 15.25 20,202 8.71 17.36 1 921. January February March April 53,244 41,298 42,2*4 26,527 45,377 118,290 19,954 71,428 10,866 8,066 37,035 7,044 67,470 j 13,816 4,273 11.31 16. 50 35,674 123,914 20,811 56,565 9,319 5,583 40,771 5,351 66,715 13,520 6,352 11.21 16. 50 31,923 134,275 17,196 41,839 8,927 4,763 44,934 7,357 59,579 14,023 11,068 11.58 16. 25 25,791 135,011 19,499 35,546 3,326 4,156 44,104 13,779 55,286 18,587 13,759 9.17 15.00 May 24,958 22,791 I 137,178 21,075 33,830 2,442 5,161 41,385 19,184 53,280 19,524 13,789 8.74 14.50 June 26,967 21,862 I 142,283 22,397 34,365 I 3,879 2,455 42,809 22,266 59,586 23,276 17,537 8.41 14.50 July 21,909 21,587 142,604 16,851 29,629 1,847 3,150 41,507 21,771 61,577 21,222 17,018 8.49 14.75 August : 26,189 26,485 142,308 24,190 27,334 3,836 3,752 41,591 23,921 62,880 19,987 19,179 8.51 14. 75 September ; 24,641 25,931 141,017 25,512 27,033 4,633 3,883 42,341 19,649 63,807 18,309 16,876 8.46 15. 25 j 30,409 32,115 139,311 30,133 25,149 4,554 4,806 42,089 21,491 59,969 17,393 18,764 8.57 15.00 31,921 29,230 142,002 29,964 25,883 4,572 5,282 18,607 63,327 15,979 11,690 8.63 15.50 34,000 30,596 145,406 27,915 23,108 4,754 7,321 41,379 38,812 16,178 70,314 14,228 8,733 8.93 14.50 < Jetober November | ! December WYZ'l. January j 30,121 31,301 138,574 31,222 23,751 6,581 8,246 36,344 | 11,438 72,391 14,569 6,491 8.40 15.23 February : 34,683 30,043 146,911 35,941 30,357 6,663 7,263 35,743 ! 10,495 71,800 21,040 9,130 8.38 16.75 March 42,626 38,694 149,034 43,098 31,537 9,120 7,837 36,944 I 19,756 73,520 27,403 17,589 8.55 16. 25 A pril 41,446 38*458 150,292 45,851 39,402 9,830 10,485 36,316 22,587 67,511 32,512 23,851 8.52 16. 75 May.... June.... July.... August. 46,794 48,367 47,266 51,828 44,120 45,772 45,851 49,075 152,259 153,517 158,236 162,876 51,041 57,805 55,681 52,300 45,300 56,861 67,557 74,399 12,233 11,578 11,332 9,666 10,704 10,676 12,533 11,687 29,264 37,845 38,747 i 28,673 21,922 37,572 25,756 35,743 63,807 59, 804 49,959 51,080 47,572 43,283 40,434 41,781 29,202 28,923 23 t 379 26,361 8.73 8.78 9.16 20.15 20.15 8.72 19.00 September 48; 839 52,693 156,899 59,771 79,511 12,861 11,332 I 37,108 24,076 46,855 38,313 20,870 8.80 16.75 October 55,996 59,299 152,101 51,120 70,860 15,755 13,161 j 39,730 28,555 54,473 36, 836 21,075 8.97 15. 25 November 56,546 54,423 155,876 54,187 71,096 13,871 11,359 ! 42,269 23,689 54,689 28,947 20,255 8.70 14.75 1 )ecembcr 53,637 54,502 155,011 50,884 67,400 13,653 10,977 I 45,081 23,309 61,908 26,388 15,296 8.75 17.48 January 64,804 57,569 153,977 64,883 75,421 14,308 14,281 46,174 ! 20,149 64,877 41,087 19,087 8.77 20.00 February 56,075 53,222 163,426 67,164 88,713 14,544 14,418 45,492 16,012 70,751 51,296 13,660 8.73 20.00 March 66,456 70,624 159,180 99,330 118,284 16,793 17,804 44,481 23,004 73,756 62,139 22,384 8.65 20.00 19.81 192.3. April May.. June.. July.. See footnotes on opjiosite page also. Figures for 1921 are from reports of 15 identical mills with a monthly capacity of 27,305,500 bricks, which is estimated by the association to represent from 78 to 80 per cent of the total silica brick producing capacity of the United States. Figures for earlier years are computed to this capacity from reports of 12 identical mills with a monthly capacity of 25,448,833 bricks. * The figures on face brick include data from 32 identical firms reporting to the American Face Brick Association each month. Comparable monthly data for the months of 1919 and 1920 are shown in the April "Survey," (No. 20.) •' Ten months' average. 3 102 SANITARY WARE. Table 55.—INDEX NUMBERS. Baaed on data from commercial and trade sources. [Base year in bold-faced type; numerical data on opposite page.] ENAMELED WARE. 1 BATHS. YEAR AND MONTH. Orders shipped. Stocks. LAVATORIES. Orders received. Orders shipped. Stocks. MISCELLANEOUS. SINKS. Orders received, Orders shipped Stocks. Orders received. Orders shipped. Stocks. Orders received. SANITARY POTTERY.« Orders received. Relative to 1919. 1913 mo. av.. 1914 mo. av.. 1915 mo. av.. 1916 mo. av.. 1917 mo. av.. 115 123 136 148 96 1918 m o . av.. 1919 m o . av.. 1920 mo. av. 1921 mo. av.. 1922 mo. av.. 56 144 100 100 149 50 120 179 104 111 108 106 122 122 129 103 143 136 144 98 89 78 31 71 95 47 61 116 40 82 96 61 100 1OO 100 100 100 100 112 73 100 110 100 53 100 31 109 59 59 127 78 77 122 89 100 65 73 119 112 76 100 34 43 129 195 55 156 172 73 139 156 84 142 125 23 30 42 47 102 136 129 139 49 59 84 84 65 65 73 67 75 96 128 123 64 78 86 85 54 50 104 98 129 130 82 101 118 121 54 52 78 71 16 21 32 32 72 78 103 115 117 125 115 117 120 132 84 70 32 33 44 42 53 1921. January February... March April 65 71 78 100 214 280 301 271 May.... June July.... August. 101 118 142 163 236 202 154 116 114 123 124 135 84 87 95 92 63 74 83 87 124 123 121 134 84 88 94 103 September.. October November.. December.. 157 183 148 112 75 71 96 126 59 60 145 169 120 85 67 72 92 111 70 134 170 130 105 102 85 91 106 110 71 71 131 154 117 97 118 103 101 115 92 108 75 71 53 67 54 85 1922. January February... March April 140 152 189 226 127 135 167 143 84 70 91 154 138 154 199 222 73 73 90 75 109 93 130 188 135 135 166 181 103 103 122 107 96 81 108 160 137 125 158 174 104 101 108 107 130 84 115 153 124 52 52 81 May June July August. 237 238 204 227 113 90 71 54 215 184 142 118 235 224 184 206 56 49 45 42 262 221 151 134 200 197 160 174 82 66 56 47 222 189 141 117 178 171 142 150 97 83 79 74 192 177 147 135 95 97 129 171 September.. October November.. December.. 219 228 217 229 50 64 79 82 114 110 128 137 193 191 197 200 38 40 43 43 135 '127 148 166 178 177 46 44 49 52 128 117 158 151 167 154 149 167 63 63 63 70 138 124 150 156 205 166 165 160 1923. January February... March Apjil 240 267 95 100 191 186 167 199 182 229 43 40 232 212 201 214 182 210 47 48 49 223 190 188 158 199 72 62 68 223 180 161 May.. June.. July.. See footnotes on opposite page. 103 SANITARY WARE. Table 56.—NUMERICAL DATA. From commercial and trade sources. [Base year in bold-faced type; index numbers on opposite page.] ENAMELED WARE; LAVATORIES. BATHS. YEAR AND MONTH. Orders shipped. Stocks. Orders received. Orders shipped. Stocks. MISCELLANEOUS. SINKS. Orders received. Orders shipped. Orders Orders Orders Orders Stocks. received. shipped. Stocks. received. received. Pieces Number. 1913 mo. av.. 39,831 47,754 42,450 49,527 per kiln. 53,428 1914 mo. av.. 57,789 70,626 1915 mo. av.. 46,977 55,769 1916 mo. av.. 51,181 65,230 33,172 44,888 31,555 34,655 29,367 40,887 22,201 74,293 1917 mo. av.. 48,419 1918 mo. av.. 19,495 60,530 21,514 1919 mo. av.. 34,608 42,175 69,872 1920 mo. av.. 51,441 20,951 36,774 1921 mo. av.. 41,510 75,324 40,911 1922 mo. a v . . 72,228 41,228 90,153 132,369 34,322 45,768 139,751 73,612 51,438 58,169 89,331 43,302 109,318 77,533 53,438 46,811 62,097 59,263 59,140 69,052 82,501 117,204 117,750 52,323 56,278 56,733 61,667 117,422 121,969 132,453 128,354 46,686 66,328 77,293 54,924 45,176 118,272 94,091 100,912 111,834 67,381 102,190 101,566 126,228 104,543 78,062 68,558 62,349 58,483 32,697 33,097 SANITARY POTTERY, a 145,329 35,089 23,405 77,034 25,427 54,584 125,814 88,018 28,383 79,869 41,900 430 57,502 31,062 47,410 27,691 145 60,231 66,458 93,740 66,333 111,764 91,879 64,577 33,640 89,394 31,803 183 122,366 44,287 67,429 59,337 537 40,979 52,181 69,623 67,141 80,752 97,924 107,730 106,862 47,243 44,442 59,456 61,120 29,494 27,738 36,737 37,020 65,831 22,553 70 80,533 21,757 90 94,389 32,810 139 96,524 29,571 137 67,487 66,924 65,861 73,047 105,916 110,776 118,638 129,570 63,250 68,858 60,449 71,191 29,341 32,674 33,155 35,616 91,737 28,661 137 93,365 35,084 140 95,792 29,505 189 105,781 36,788 179 73,101 92,820 70,899 57,430 127,822 107,332 114,830 133,014 77,359 97,104 62,228 62,222 37,268 43,792 33,330 27,518 138,757 73,877 73,660 90,764 98,905 129,586 129,505 152,980 135,071 84,791 71,434 95,137 140,620 38,831 35,446 44,912 49,402 192,546 162, 788 111,455 98,765 109,377 107,671 87,492 95,235 102,747 82,831 70,789 59,400 195,503 166,095 123,938 102,617 52,826 99,232 56,340 : 93,800 59,645 I 108,976 59,595 I 124,052 90,456 97,379 96,645 103,418 58,034 55,512 61,183 64,908 170,693 156,033 148,121 116,539 99,085 59,580 114,677 61,391 56,315 114,567 1931. January February.. March , April 22,444 24,499 27,157 34,573 May June July.... August. 90,303 16,340 118,205 21,302 127,128 29,460 114,391 32,625 35,011 40,933 49,314 56,515 99,525 85,062 64,969 49,009 35,717 September October November December 54,377 63,217 51,259 38,818 31,474 30,010 40,667 53,140 1922. January February March April 48,425 52,575 65,243 78,130 53,422 56,759 70,587 60,260 107,566 63,047 70,654 91,039 101,482 May.... June July.... August. 82,100 82,378 70,700 78,435 47,694 37,846 29,756 22,775 150,475 128,876 99,235 82,536 ! 107,708 102,345 84,077 94,219 September October November December 75,766 78,834 74,943 79,204 21,195 26,799 33,126 34,517 79,722 76,737 89,690 95,633 88,161 87,325 90,324 91,592 1923. January... February.. March April 85,703 82,912 92,473 40,530 133,198 40,124 129,847 42,000 ! 116,514 91,116 83,469 104,876 43,973 47,187 61,861 57,024 62,279 41,173 41,993 58,420 49,134 63,815 60,535 56,543 50,127 47,846 48,022 53,481 49,060 54,428 61,378 63,882 81*, 978 51,677 49,961 80,124 68,414 95,891 59,806 94,134 38,359 227 82,017 45,137 288 80,980 31,537 232 91,643 29,879 367 83,242 54,545 535 80,742 35,240 222 86,334 48,062 225 85,528 63,910 347 50,644 48,507 40,187 42,634 77,788 66,636 62,981 59,088 80,341 74,159 61,491 56,516 409 419 555 737 112,951 103, 089 139,373 132,847 47,450 43,669 42,429 47,336 49,975 50,101 50,451 56,284 195,984 167,607 149,144 53,255 44,766 56,359 57,616 49,367 54,332 57,813 8S0 51,832 712 62,935 65,199 710 6S8 93,427 1,280 75,431 67,642 May.. June.. July.. 1 Data furnished by the Enameled Sanitary Ware Manufacturers' Association and said to represent approximately 98 per cent of the total output in the United States. The Association explains that orders shipped are the best current index of the industry. Orders received are likely to pyramid during periods of great activity to be followed by cancellations if the demand drops off. Stocks always increase during the winter and spring months because more efficient work at the enameling ovens can be done in cold weather and manufacturers operate at maximum capacity as long as they can finance operations and find storage capacity for the products. 1 Data furnished by Sanitary Potters' A ssociation and include the following articles, with percentages of total orders in 1920: Siphon jets 6.5iper cent, washdowns 54 per cent, reverse traps 4.3 per cent, small tanks 27.7 per cent, large tanks 5.2 per cent, and lavatories (not reported prior to July, 1920) 2.3 per cent. 104 CEMENT. Table 57.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA Based on data from Government and non-Government sources.1 [Base year in bold-faced type.] CONCRETE PAVEMENTS CONTRACTED PORTLAND CEMENT. CONCRETE PAVEMENTS CONTRACTED FOR. PORTLAND CEMENT. FOR. Production. YEAR AND MONTH. Wholesale price, Stocks net, Ship4 ments. at end of without Total. period.2 bags, Chicago district. Relative to 1913. Roads. Relative to 1919. Production. Shipments. Thousands of barrels. A.—INDEX NUMBERS. 1913 monthly 1914 monthly 1915 monthly 1916 monthly J.917 monthly average. average. average. average. average. 100 96 93 99 101 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average. average. average. average. 77 87 109 107 124 96 109 107 131 1921. May.... June July.... August. 121 121 125 133 September. October November.. December.. 1922. January February March April 100 97 100 14 1 94 153 93 166 47 166 80 180 91 153 87 128 143 139 167 131 137 116 85 7,391 Roads. 7,203 7,241 7,879 7,559 11,220 12,773 11,463 8,361 10,354 81.002 7,353 7,160 7,627 7,735 118 92 Thous. of square yds. 7,675 89 75 Total.* B.—NUMERICAL DATA. 1OO 102 107 102 period.2 Wholesale price, net, without bags, Chicago district. Per barrels Stocks at end of 1.19 1.53 159 1OO 73 105 148 3 100 71 107 142 5,923 6,691 8,335 8,191 9,489 5,910 7,124 8,026 7,921 9,714 10,454 5,257 8,941 10,160 9,741 1.67 1.66 1.80 1.54 1.61 4,455 3,264 4,686 6,595 3 3,435 2,4i>4 3,602 4,863 111 99 93 74 170 170 170 170 168 168 104 84 180 158 108 75 9,281 9,296 9,568 10,244 9,488 10, 577 10,301 12,340 12,450 11,150 10,414 8,280 1.70 1.70 1.70 1.70 7,465 7,472 4,628 3,763 6,176 5,428 3,717 2,584 152 164 70 50 62 48 81 106 159 148 148 148 93 103 87 70 74 111 89 70 10,027 10,506 8,921 6,559 11,329 12,114 5,195 3,697 6,953 5,348 9,091 11,938 1.59 1.50 1.50 1.50 4,132 4,576 3,891 3,102 2,535 3,816 3,049 2,408 56 56 87 120 40 44 95 116 119 126 123 129 148 148 148 148 60 74 216 255 78 232 265 4,291 4,278 6,685 9,243 2,931 3,285 7,002 8,592 13,316 14,142 13,848 14,470 1.50 1.50 1.50 1.50 2,655 3,308 9,602 11,371 2,357 2,689 7,979 9,112 June July.... August. 146 147 151 152 172 182 187 194 115 96 75 51 148 158 158 163 244 174 206 137 241 147 185 102 11,176 11,245 11, 557 11,664 12,749 13,470 13,850 14,361 12,893 10,718 8,433 5,746 1.50 1.60 1.60 1.64 10,852 7,769 9,195 6,117 8, 271 5,044 6,348 3,497 September. October November.. December.. 149 160 148 113 168 174 138 42 37 47 81 173 173 173 171 142 105 79 84 127 81 81 90 11,424 12,287 11,349 8,671 12,444 12,854 10,167 4,858 4,724 4,149 5,320 9,142 1.75 1.75 1.75 1.73 6,319 4,680 3,528 3,744 4,374 2,797 2,789 3,095 1923. January February March April 100 105 129 148 73 81 140 175 102 121 116 102 158 173 173 173 141 128 165 62 138 109 132 7,704 8,085 9,880 11,322 5,419 5,963 10,326 12,917 11,470 13,502 13,045 11,450 1.60 1.75 1.75 1.75 2,956 6,272 5,684 7,370 2,140 j 4,725 3,737 4,550 May.... May.. June.. July.. I 1 Data on cement is from the U. S. Department of the Interior, Geological Survey, except prices, which are average of weekly prices reported by the U. S. Department of Labor, Bureau of Labor Statistics; data on concrete pavements for roads, streets, and alleys from Portland Cement Association, Highways Bureau. 2 Yearly figures represent stocks at end of year, not an average of monthly stocks, except for 1921 and 1922. 3 Of the numerical 1919 monthly average, 3,221,000 yards was actually reported. The remainder is the prorated portion of a total of 3,338,309 yards for the year of pavement less than 6 inches thick not allocated by class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts. 4 Includes streets and alleys besides roads. 105 FLAXSEED AND COTTONSEED. Table 58.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From commercial and trade sources,1 [Base year in bold-faced type.] FLAXSEED. FLAXSEED. DULUTH MINNEAPOLIS. YEAR AND MONTH. COTSEED. Stocks, ShipReShipReend of ceipts.2 ments.2 Stocks.3 ceipts.2 ments. 8 Stocks.3 month. MINNEAPOLIS. Receipts. 2 Shipments. 2 Relative to 1919. Relative to 1913. 1918 m.av. 1919 m.av. 1920 m.av. 1921 m.av. •1922 m. av. 1921. January... February.. March April. Stocks.3 Receipts. 2 Shipments. 2 Stocks.3 Thousands of bushels. Short tons. 100 100 100 100 100 100 943 156 233 1,036 1,099 69 30 98 44 49 75 647 47 228 457 538 54 50 39 47 35 34 512 78 90 487 382 948 79 62 63 56 58 56 49 741 97 130 596 613 1,360 83 33 34 31 502 98 194 341 377 846 31 16 8 96 524 83 52 346 338 208 4 100 575 105 60 182 175 119 53 56 53 22 33 61 67 26 18 129 2,751 2,060 33 97 40 25 28 58 552 51 226 412 278 758 73 416 35 41 41 71 469 114 970 362 454 1,117 44 69 30 31 26 8 61 412 107 69 317 281 230 172 55 106 32 50 56 141 177 1,557 1,639 1,635 1 630 484,832 424,557 302,126 191 813 129,624 108 573 99 821 120,801 46 44 476 5 5 59 59 430 68 1,182 1,185 1,110 44 61 418 14 16 59 37 416 95 975 47 426 41 66 52 25 598 73 993 422 730 51 457 45 46 48 21 519 79 501 1,419 1 319 74 494 55 85 33 19 333 116 567 935 921 37 129 461 28 23 32 24 353 201 1,065 1,150 1,074 471 35 286 248 881 29 18 507 17 5 57 95 278 28 29 23 509 10 3 60 83 269 36 59 126 398 39 28 36 76 559 197 928 399 309 978 122 108 364 54 79 24 143 169 848 559 863 654 41 135 315 76 86 20 150 783 948 545 59 170 37 54 8 121 211 92 733 36 1,148 389 335 395 385 594 227 73 58 38 22 11 14 302 204 257 198 161 120 86 53 170 116 151 151 6 12 5 5 5 3 6 81 6 136 66 65 131 88 52 120 45 127 52 176 1922. January... February.. March April 32 103 22 77 27 55 21 34 May 31 29 29 8 June July August 24 18 22 12 32 6 14 9 39 49 30 2 4 September. October November. December.. 95 113 9 50 17 91 124 33 109 64 117 24 67 76 11 50 79 27 37 5 3 7 4 1923. January... February.. March April 489,442^ 512,448 296,219 364,434 313,118 59 55 September. October November. December. 661,192 50 63 May June .July August Stocks, end of month. B.—NUMERICAL DATA. A.—INDEX NUMBERS. 1913 m.av. 1914 m.av. 1915 m. av. 1916 m.av. 1917 m.av. COTTONSEED. DULUTH. 33 52 52 40 12 4 50 20 9 84 3 5 290 45 68 87 147 81 5 13 5 4 226 28 51 141 49 134 36 1 3 114 50 13 94 150 11 368 77 70 21 47 9 12 79 893 176 21 514 189 334 61 22 150 859 193 76 1,126 667 615 90 86 25 167 600 182 55 929 940 674 53 72 12 153 630 118 26 544 788 340 13 4 7 5 33 3 3 103 469 123 12 136 365 70 1 59 257 58 6 43 35 40 1 31 309 81 17 75 45 17 486 62 9 55 26 9 14 <4) 4 2 (4) May June July 1 Except cottonseed stocks at mills from U. S. Department of Commerce, Bureau of the Census. Data on flaxseed from the Northwestern Miller. Monthly figures are totals of weeklyfigureswith first and last weeks of month prorated. 3 Stocks at end of week nearest the end of the month. * Index number less than 1. 2 390,970 732,651 767.318 620,117 414,122 254,015 101,293 45 970 23,319 19,431 13 880 55,995 403,223 771,197 857,734 784,386 527,839 302,831 159,922 106 CHEMICALS—FOREIGN TRADE. Table 59.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type.] IMPORTS. Potash.' Nitrate of soda. EXPORTS. Dyes Sulphuric and dyeacid. stuffs. IMPORTS. Total fertilizer.* Potash.) Nitrate of soda. EXPORTS. Sulphuric Dyes and Total acid. dyestuffs. fertilizer.' Y E A R AND M O N T H . Pounds. Long tons. Relative to 5-year average 1909-1913. Dollars. Long tons. B.—NUMERICAL D A T A . A.-INDEX NUMBERS. 43,177 45,143 64,349 101,535 128,601 613,692 828,937 103,391 18,247 6,304 772 831 1,098,015 6,476,002 5,538,625 5,293,426 44,749 209,255 662,832 1,342,280 85,639 30,647 32,747 28,627 153,766 33,955 110,160 30,767 45,039 6,691,220 1,774,627 2,415,922 1,067,934 1,039,208 1,401,492 75 762 3,357 14,880 8,739 20,103 1,423,703 2,702,388 571,658 433,200 18,713 54,509 117,994 74,620 77,973 4,615 1,895 2,480 1,286 103 74 62 64 4,231 7,300 8,496 4,001 80,305 29,532 46,201 29,810 1,903,970 2,285,806 673,314 1,345,096 1,335,531 548,420 717,693 372,033 106,153 76,292 64,408 65,829 128 133 90 177 1,370 2,091 1,535 2,110 53 73 63 52 3,007 5,153 3,378 8,757 37,778 37,847 20,791 33,045 787,647 817,159 553,587 1,083,892 396,524 605,096 444,283 610,666 54,518 75,391 65,399 53,676 46 31 36 12 101 225 115 107 1,564 1,665 1,731 1,362 102 61 98 62 14,023 15,735 13,731 17,060 19,646 13,250 15,629 5,365 620,961 1,379,564 705,218 658,995 452,574 481,927 500,918 394,230 105,358 63,259 101,497 63,663 83 98 104 118 22 44 54 69 119 102 163 324 2,271 1,167 1,722 1,194 65 50 64 84 17,591 20,793 21,925 24,883 9,470 19,160 23,452 29,891 728,337 625,631 1,003,128 1,991,368 657,042 337,826 498,274 345,550 67,011 51,656 66,566 87,311 May June July August. 60 130 250 115 149 115 73 98 350 404 169 110 1,061 1,194 1,454 1,604 153 64 56 94 12,585 27,367 52,912 24,288 64,130 49,442 31,307 42,474 2,148,293 2,481,290 1,034,756 672,533 306,938 345,578 420,805 464,273 158,149 66,793 57,854 97,525 September.. October November.. December.. *16 49 49 71 42 157 245 105 79 84 87 1,292 1,564 1,670 1,772 54 67 89 64 '3,359 10,248 10,322 14,959 <52,081 67,929 258,144 482,036 512,997 531,986 373,727 452,498 483,264 512,619 55,518 69,509 92,074 65,710 97 253 156 71 114 1,383 1,784 2,034 20,409 109,064 956,328 438,592 702,355 400,069 516,227 588,675 72,424 100 155 723 1OO 83 30 32 28 86 30 4 4 1OO 105 149 235 298 1OO 179 1,055 903 863 2,291 4,639 4 16 70 41 95 356 79 255 71 104 1,090 289 394 174 169 4,843 4,920 9,339 1,976 1,497 18 53 114 72 1931. January February March April 20 35 40 19 186 68 107 69 310 372 110 219 May.... June July.... August. 14 24 16 41 87 88 48 77 September.. October November.. December.. 74 65 81 1922. January February March April 1909-1913 monthly a v . . 1914 monthly average.. 1915 monthly average.. 1916 monthly average.. 1917 monthly average.. 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923. January February March April average.. average.. average.. average.. average.. 100 105,954 45,174 May.. June.. July.. I 1 Data compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. * Includes potash imported as chemicals and also the muriate and sulphate used in fertilizers. 8 Largely pnosphate rock. * Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. 89,519 107 CHEMICALS—PRODUCTION AND PRICES. Table 60.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government and non-Government sources. [Base year in bold-faced type.] PRODUCTION.* YEAR AND MONTH. COXSUMP- STOCKS1 TION.1 Acetate Wood Wood, of carbonlime. alcohol. ized. PRODUCTION.1 WHOLESALE PRICES. phuric and Essen- Crude Wood, pharma- tial4 drugs.5 Chem- I| acid icals.s 66° ceutioils. New cals.3 Wood, Acetate Wood carbonof ized. lime. alcohol. Thousands of pounds. Relative to 1913. Gallons. Dollars per 100 pounds. Cords. B.—NUMERICAL DATA. A.—INDEX NUMBERS. 1913 m o . a v . 1OO 1OO Wood. York. 7 Relative to August, 1914. 1914 m o . a v . Sulphuric acid 66° New York.7 Sul- Drugs I Relative to 1920. WHOLECON- | SUMP- STOCKS.1 SALE PBICE. TION.1 » 100 1OO 100 | ioo I jSl.OO I; l . o o 1915 m o . a v . 129 I ! 'i 1916 m o . a v . 200 j; 169 I I i i J 2.00 '; 1 . 7 0 1917 m o . a v . 212 1918 m o . a v . 1.30 1.60 1920 m o . a v . 100 100 1OO 100 196 265 202 255 1921 m o . a v . 39 46 42 84 129 158 134 153 163 95 112 91 1922 mo. av . 81 87 81 108 120 137 174 155 76 28 33 31 90 129 165 136 143 90 3,355 29 31 28 88 126 159 135 147 90 3,474 21 25 22 83 125 151 130 148 90 2,603 24 24 23 82 123 142 126 158 90 29 31 29 81 119 138 123 147 41 37 85 117 138 126 151 54 57 51 84 116 135 127 147 70 72 64 102 118 137 132 145 90 85 | 85 [ 85 i 3,552 4,785 6,517 8,465 197,230 | 21,670 j 688,899 258,599 !]' 28,491 j 721,696 362,317 ! 38,982 I 714,027 458,553 48,382 ' 865,258 , .90 39 8,330 7,993 9,660 7,390 468,818 ! 49,559 457,656 j 49,465 534,812 | 57,874 416,112 43,775 .80 7,064 | 7,495 ! 8,718 ! 9,253 889,219 404,847 | 44,496 50,207 ! 904,909 ; 441,149 943,793 475.376 56,570 58,887 881,858 508,644 279 1919 m o . a v . 1921. May June July August September October November December 201 1922. January February.. March Apnl May June July.... August. September October November December 1923. January... February.. March April 213 185 242 j 1.00 I; 635,438 76,028 846,204 j| 291,697 ! 32,064 j 714,302 911,211 550,594 , 61,371 j 9,883 12,150 4,704 !| 211,078 198,675 160,724 155,020 74 65 103 117 ! 136 134 144 72 65 111 115 | 136 139 148 84 76 105 135 155 156 65 58 106 116 j in | 135 177 158 80 80 80 84 116 115 ! 115 115 135 133 130 135 177 177 159 157 156 152 80 80 71 70 121 128 °13f 137 131 122 121 123 182 195 196 204 149 154 160 164 74 73 70 70 9,537 12,217 15, 440 16,814 135 124 208 173 132 125 239 176 133 128 253 178 16,544 . 933,171 13,894 ; 773,179 15,569 j 831,784 132 134 253 180 70 70 70 71 58 64 62 69 72 75 74 76 80 77 105 107 112 104 78 101 127 138 85 105 132 148 78 98 126 135 111 113 109 104 136 147 137 114 122 112 95 128 131 120 91 177 178 537,803 664,933 835. 6.87 942,008 762,013 ; 742,857 ! 702,445 j 697,566 ' 23,483 21,641 16, 827 17,744 875,010 936,S59 899,781 895,826 1.12 .91 .80 .90 .90 .90 .90 .85 .85 .85 .80 .80 .84 .80 .80 .70 .70 59,486 937,748 956,425 74,5*2 95,530 I 926,351 102,650 ! 881,603 .70 .70 .70 .70 833,767 807,782 769,174 .70 .70 .70 .70 104,180 85,105 91,273 May.. June.. July.. I i Compiled from reports of the National Wood Chemical Association to which are added reports from the principal nonmember firms. Total reports for each month vary from firms with a capacity of 3,200 cords to 4,-500 cords daily; all months are therefore prorated to a daily capacity of 4,500 cords, representing about 90 per cent of the industry, on the basis of capacity reporting each month. i August, 1914. • The chemical price index from Chemical and Metallurgical Engineering includes quotations on 25 commodities selected on the basis of their importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production plus total imports in the year 1919. Thefiguresare averages of weekly prices. i Wholesale average monthly price of sulphuric acid from United States Department of Labor, Bureau of Labor Statistics. 108 FATS, OILS, AND RAW MATERIALS. Table 61.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page. ] ANIMAL FATS, GREASES, AND DERIVATIVES. TOTAL ANIMAL FATS. Y E A R AND M O N T H . Production. Consumption. TOTAL GREASES. Stocks. Consumption. TOTAL DERIVATIVES. Production. Consumption. 100 103 142 80 100 107 129 182 100 109 100 90 95 85 82 135 Production. 132 106 87 105 111 105 93 81 93 100 78 90 Stocks. Stocks. Relative to 1919. 100 133 164 127 100 124 122 136 100 97 93 114 111 96 143 166 118 103 132 129 115 119 119 100 102 139 135 114 127 106 108 106 106 167 232 137 121 128 127 111 123 74 89 82 106 140 157 148 121 101 162 155 80 88 93 92 104 99 77 101 144 141 124 148 100 90 91 104 129 179 117 84 142 140 119 142 119 118 112 127 105 85 67 62 183 151 176 218 101 91 114 130 103 69 72 103 96 199 128 80 100 112 129 139 100 103 107 1920. Jan. 1 to Mar. 3 1 . . . Apr. 1 to June 30... July 1 to Sept. 30... Oct. 1 to Dec. 3 1 . . . 124 119 94 109 1921. Jan. 1 to Mar. 3 1 . . . Apr. 1 to June 30... July 1 to Sept. 30... Oct. 1 to Dec. 3 1 . . . 1922. Jan. 1 to Mar. 3 1 . . . April 1 to June30... July 1 to Sept. 30... Oct. 1 to Dec. 3 1 . . . 1919 quarterly average.. 1920 quarterly average.. 1921 q u a r t e r l y a v e r a g e . . 1922 quarterly average.. 1923. Jan. 1 to Mar. 31.... 119 150 RAW MATERIALS FOR VEGETABLE OILS. PEANUTS—HULLED.i COPRA. FLAXSEED. CORN GERMS. YEAR AND MONTH. donsumption. stnrks ' Con«Jon» t o c K S - i| sumption. storks »tocKs. Conuonsumption. , SHOCKS. con- Sf |j Stocks. sumption. Relative to 1919. 100 1919 quarterly average. 1920 quarterly average.. 1OO 60 100 48 100 100 100 64 104 250 1921 quarterly average.. 18 50 26 84 53 105 192 1922 quarterly average. 3 82 48 101 58 99 141 73 90 128 109 103 156 56 42 101 51 104 250 61 31 112 49 106 209 49 30 55 45 103 353 1920. Jan. 1 to Mar. 31 Apr. 1 to June 30.... July 1 to Sept. 30... Oct. 1 to Dec. 31 1921. Jan. 1 to Mar. 31 { Apr. 1 to June 30 July 1 to Sept. 30... Oct.ltoDec.31.... 1922. Jan. 1 to Mar. 31 April 1 to June 30... July 1 to Sept. 30.... Oct. 1 to Dec. 31 1923. Jan. 1 to Mar. 31 5 6 10 12 1,161 8 12 10 36 10 9 3 41 14 63 52 103 101 13 33 13 74 48 103 169 9 63 49 96 44 94 179 14 12 4 64 30 104 68 122 320 4 97 69 108 41 109 93 3 75 47 96 61 66 83 2 64 29 91 76 90 170 2 93 47 108 56 139 217 107 32 104 81 134 91 See footnote on page 113. 109 FATS, OILS, AND RAW MATERIALS. Table 62.—NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] ANIMAIi FATS, GREASES, AND DERIVATIVES. TOTAL ANIMAL FATS. TOTAL GREASES. TOTAL DERIVATIVES. ProducContion. sumption. Stocks. ProducContion. sumption. S t o c k s . Y E A R AND M O N T H . ProducContion. sumption. Stocks. i Thousands of pounds. 1919 quarterly average. 367,518 144,308 138,071 69,648 51,565 67,374 264,740 208,804 183,695 1920 quarterly average. 410,676 149,276 183,033 86,384 50,273 69,695 284,478 204,039 165,241 1921 quarterly average. 473,351 154,017 226.668 85,258 45,150 95,407 340,325 183,764 174,864 1922 quarterly average. 511,436 138,982 175,396 94,626 61,249 53,711 480,906 227,104 156,808 457,460 436,845 346,900 401,499 134,460 163,829 160,077 138,737 197,143 229,794 163,105 142,090 92,231 90,129 54,927 66,925 66,036 90,892 348,321 280,087 230,681 278,824 232,593 219,040 194,382 170,141 170,567 80,290 82,884 61,535 51,677 52,675 35,204 164,487 512,557 496,082 419,742 465,024 153,439 155,957 153,237 153;434 230,025 320,015 189,089 167,542 89,311 88,433 77,492 85,794 38,068 45,699 42,174 54,657 94,633 105,859 99,407 81,728 252,894 267,532 429,836 411,036 166,644 183,151 193,489 191,771 191,337 181,377 141,169 185,571 144,620 129,838 131,879 149,592 177,468 247,235 161,034 115,848 98,823 97,772 83,206 98,702 61,234 60,635 57,658 65,469 70,463 57,445 45,029 41,907 483,256 398,792 465,527 576,049 209,989 Oct. 1 to Dec. 3 1 . . . 530,176 516,487 456,441 542,641 271,779 179,186 188,476 126,595 132,975 1923. Jan. 1 to Mar. 31. . . 650,926 147,979 132,060 107,725 77,517 47,314 526,803 268,134 146,423 1920. Jan. 1 to Mar. 31 Apr. 1 to June 3 0 . . . July 1 to Sept. 30... Oct. 1 to Dec. 3 1 . . . . 183,186 142,725 1921. Jan. 1 to Mar. 3 1 . . . . Apr. 1 to June 3 0 . . . July 1 to Sept. 30... Oct. 1 to Dec. 3 1 . . . . 1922. Jan. 1 to Mar. 31 April 1 to June 30... July 1 to Sept. 30... 189,511 237,138 RAW MATERIALS FOR VEGETABLE OILS. PEANUTS—HULLED. COPRA. CORN GERMS. FLAXSEED, YEAR AND MONTH. Consumption. Stocks. Consumption. Consumption. Stocks. Stocks. Consumption. Stocks. Tons. 1919 quarterly average. 1920 quarterly average. 1921 quarterly average. 35,426 2,980 2,931 2,581 11,148 33,184 2,001 319 42,153 25,276 21,161 34,674 22,184 10,665 5,869 10,705 36,645 36,395 30,830 36; 889 842 536 448 491 172,934 179,382 182,182 170,371 29,853 74,703 57,409 42,019 1,709 2,276 3,716 4,218 129,474869 1,330 1,064 30,921 23,808 25,784 20,591 19,901 9,366 6,786 6,606 46,987 37,163 41,105 20,323 915 430 415 382 177,397 179,402 183,168 177,561 46,484 74,539 62,485 115,302 2,822 4,325 1,584 2,992 4,021 1,450 970 1,564 17,372 14,113 26,382 26,776 3,100 2,821 10,849 6,705 22,978 27,088 35,012 38,242 441 406 370 576 177,611 177,285 162,747 211,086 30,063 50,557 53,354 95,662 463 344 191 277 40,844 Oct. 1 to Dec. 3 1 . . . 3,492 3,046 893 2,893 39,148 15,299 10,507 6,542 10,472 39,464 35.086 33,279 39,726 343 510 641 470 187,968 96,358 156,316 240,843 1923. Jan. 1 to Mar. 3 1 . . . 1,161 541 45,239 7,070 38,243 1922 quarterly average . 1920. Jan. 1 to Mar. 3 1 . . . . Apr. 1 to June 3 0 . . . July 1 to Sept. 30... Oct. 1 to Dec. 3 1 . . . . 1921. Jan. Apr. July Oct. 1 to M a r . 3 1 . . . . 1 to June 3 0 . . . 1 to Sept. 3 0 . . . 1 to Dec. 31 1922. Jan. 1 to Mar. 31 Apr. 1 to June 30... July 1 to Sept. 3 0 . . . 31,741 26,964 See footnote on page 113. 232,183 27,806 24,852 50,763 64,656 27,136 110 ARGENTINE MOVEMENT OF GRAIN AND FLAXSEED. Table 63.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from commercial and trade sources,1 [Base year in bold-faced type.] SHIPMENTS.* SHIPMENTS.' VISIBLE SUPPLY.* Wheat. Corn. Oats. Flaxseed. Wheat. Corn. Flaxseed. Wheat. Corn. Oats. VISIBLE SUPPLY.* Flaxseed. Wheat. Corn. Flaxseed. YEAR AND MONTH. Relative to 1913 or 1914. • Thousands of bushels. \.—INDEX NUMBERS B.—NUMERICAL DATA. 1 I 1913 monthly average 1914 monthly average 1915 monthly average ; 1916 monthly average | 1917 monthly average 100 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1OO 1OO 8,611 3,002 7,681 7,027 2,745 35 149 1OO 179 219 194 82 60 90 63 396 299 326 15 30 14 1,83 106 71 104 11 60 39 | 276 103 <209 116 40 37 82 116 178 359 179 91 46 100 164 195 200 62 60 125 92 158 108 104 394 59 45 32 147 140 63 30 61 71 46 275 70 32 50 85 93 29 412 104 18 11 66 186 143 23 440 ! 157 49 153 255 17 549 • 43 38 82 329 137 821 ! 86 65 35 122 255 172 385 69 123 79 280 143 229 330 36 113 88 97 71 149 275 20 79 72 149 357 ' 63 51 9 125 27 . . 37 97 14 . 83 67 112 September. October November. December 40 92 32 May June July August 71 89 1921. January . February March April 1OO 99 100 114 192 243 12 51 19 58 122 137 192 32 55 23 155 114 92 495 January 87 37 43 76 229 69 275 •• February March April 223 321 86 50 57 46 302 385 35 80 80 68 272 186 219 48 28 22 286 80 385 May 137 54 29 149 247 158 154 43 51 55 25 J09 112 161 214 June July August 143 129 92 69 99 45 25 154 71 34 220 220 137 137 15,770 11,204 14,435 9,428 2,352 5,118 2,036 3,408 4,618 1,557 3,336 2,761 3,222 2,099 8,959 9,965 15,383 5,308 12,017 1OO 1OO 1,700 6,234 14,378 9,412 9,325 3,055 1,903 2,357 2,298 1,626 1 223 6,054 8,927 13,503 9 943 5,081 2,874 1,695 9,655 7,379 5,923 3,133 467 4,641 10,256 4,740 3,496 5,193 7,647 10,445 3,717 1,304 2,752 3,324 4,174 3,064 7,130 2,992 4,240 3,814 4,101 3,617 6,233 6,830 3,767 3,633 < 1,520 2,617 1,457 | 2,867 1,708 1 520 2,557 3,373 2,525 2 022 2,820 6,203 5,109 1 850 2,405 3,700 6 600 1 600 1,000 2 000 i 3,000 3,200 4 000 6,782 10,259 19,466 17,772 1,969 1,798 4,040 4,506 2,720 4,075 9,344 3,236 8,510 6,600 3,700 1,850 4,800 6,000 8 000 5,200 6 000 2,800 2 400 2,000 1,726 2 336 1,055 2 782 12,487 9 990 7,978 8 616 2,632 1 193 4,163 3,302 1,934 5,162 1,859 2 590 3,145 2 960 5,200 4 000 4,800 3 200 2,600 1 400 1,400 3 600 7 530 19 213 27,600 18,852 5 788 7,603 4,485 3,398 2 196 4 414 2,556 1,789 2,538 2,662 2,661 2,271 5 920 7 030 4,810 7,400 2 400 2 000 1,600 2,800 2 000 2,220 2,800 2,800 11 782 13 622 13,265 8,482 8,491 6 842 8,001 7,168 1,461 2 809 1,290 1,258 3,627 3 749 5,380 5,129 5,550 3 700 3,328 1,850 5,200 3,200 2,400 1,200 1.800 1,600 1,600 1,000 5,234 5 199 6,449 6 972 9,790 16,356 16,335 17 637 501 317 1,861 2,563 2,296 2,025 1,850 1,850 2,590 3,330 4,000 7 600 7,200 4 000 1,000 1 000 1,000 2 400 11 525 18,263 18,661 17,773 13,358 4,426 1,956 2,629 6 248 6,025 3,177 1,374 6,851 6,229 7,403 6,280 4,440 5,180 7,400 8,510 1 600 2 000 2,600 4,000 4,800 480 978 2,588 964 800 600 728 1,415 2,374 515 j 1922. September October . November December 61 . . 1923. January February March . . ... April May June 62 10 56 71 60 104 16 77 71 114 217 137 75 104 100 206 137 112 2 6 69 81 61 129 114 330 134 85 122 205 172 46 275 212 28 118 187 200 23 357 217 12 62 222 286 549 206 17 27 188 329 659 ( 812 107 800 ... July j 1 Shipments of wheat, corn, and oats as reported in the Northwestern Miller. Shipments and visible supply of flaxseed as reported in the Oil, Paint, and Drug Reporter. Visible supply of wheat and corn in chief ports reported by Modern Miller. 1 Monthly figures are totals of weekly figures with first and last week of month prorated. 1 At end of week nearest end of the month. * Ten-month average. Ill VEGETABLE OILS. Table 64.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government sources,1 [Base year in bold-faced type.j] LIN- LINSEED SEED OIL OIL. CAKE. COTTONSEED OIL, CRUDER VEGETABLE OILS. Shipments Stocks Pro- I Ex- Total 2 imend of ducfrom Minneapolis. month tion. ! ports. ports.' YEAR AND MONTH. Relative to 1913 Relative to 1919. LIN- LINOLEOMAR- | SEED SEED COTTONSEED OIL GARINE. OIL. CAKE. OIL, CRUDER VEGETABLE OILS. OLEOMARGARINE. Pro- Conduc- sumption. tion.' Total Eximports.8 ports.4 Production. Shipments from Minneapolis. 1913 monthly av.. 100 78 65 70 1917 monthly a v . 1918 monthly a v . 1919 monthly a v . 1920 monthly a v . 1921 monthly a v . 1922 monthly a v . 73 61 66 52 54 61 53 61 40 50 54 ! I*.—NUMERICAL D A T A . 100 3 100 3 99 3 100 3 105 | 105 15,210 11,868 9,862 10,662 198 ! 241 ! 254 254 147 127 161 227 245 253 148 126 11,158 9,271 10,026 7,856 8,157 8.156 109 58 3 1OO 3 124 3 96 3 141 41 36 61 58 76 24 3 172 3 305 3 316 3 334 3 133 249 154 147 135 71 245 139 127 74 99 161 52 213 195 178 194 161 191 171 180 175 43 68 51 27 21 65 61 78 70 116 74 91 141 104 64 94 150 119 28 37 37 43 211 127 225 149 136 176 154 152 149 181 148 164 8,316 8,694 7,441 5,955 8,060 12,804 15,594 17,932 1 0 0 I; 69 I 57 ! 62 100 61 85 110 100 110 107 59 106 99 100 91 99 | 71 30,166 20,684 17,188 18,706 |: I j ! 18,428 j: 15,998 |; 18,473 |; 12,009 I 15,068 j 10,790 ! I ! ! 5,152 J 19,345 1 1 6,125 I 19,483 1 1 9,354 j 17,747 1 1 9,306 ; 12,446 51,167 102,678 111,508 99,669 92,222 184,674 182,890 131,336 | 8,239 j | 10,744 | ! 10,822 | ! l 12,529 45,177 27,117 48,135 31,785 16,497 21,280 18,678 18,410 17,723 21,497 17,565 19,411 15,745 15,356 9,283 4,159 97,567 68,996 54,907 31,682 103,646 90,735 72,758 24,345 12,114 9,825 10,459 4,785 49,060 50,008 81,270 64,363 16,167 14,620 15,970 13,930 16,887 12,195 15,263 13,686 7,952 8,271 5,795 5,536 4,452 3,607 4,248 5,297 23,801 12,194 6,897 10,039 12,858 7,217 7,232 13,354 3,373 2,810 2,298 65,851 52,606 50,735 38,830 13,863 12,530 12,280 13,043 12,765 10,040 14,974 I 11,754 I 136 136 167 168 11,237 11,702 11,014 9,955 15,164 16,357 15,642 20,172 54,906 96,872 115,247 106,988 98,608 : | 178,406 I 183,522 | ! 140,569 I 174 166 166 10,051 8,404 8,080 8,661 17,371 13,407 I 15,372 I 15,930 I 92,129 83,667 60,137 145,292 I 75 49 20 17 September.. October November.. December.. 55 57 49 39 27 42 52 59 53 107 116 104 1922. January February... March April 42 44 48 40 52 51 31 14 101 72 57 33 94 82 66 22 42 34 36 16 229 234 380 301 134 121 132 115 142 103 129 115 6,457 6,648 7,232 6,069 May June July August 52 54 15 12 14 18 25 13 7 10 12 7 7 12 12 10 308 246 237 182 115 104 101 108 108 85 126 99 September.. October November.. December.. 74 77 72 65 50 54 52 67 57 101 120 111 89 162 166 127 15 18 47 42 U28 258 194 293 118 148 157 174 58 44 51 96 87 132 91 56 32 23 18 295 168 55 53 1923. January February... March April 167 166 22,688 20,297 21,361 20,814 12,317 7,614 11,120 17,803 36 37 52 66 27 23,566 21,589 23,481 19,507 14,055 8,900 11,005 17,112 55 67 61 64 8,357 ] 10,869 10,260 11,190 9,220 I 15,541 9,700 ! 19,799 100,403 62,170 2,584 I ; j| 1 1 1 1 19, 044 26, 877 29, 081 30, 014 17, 518 14, 969 13,967 13,012 16,774 15,065 May........ June.... July August 84 23,937 29,217 30,733 30,790 17,840 15,389 71,782 I 47,291 j 19,613 47,299 33,462 17,747 18,763 23,556 1 7,922 1 29,561 | 6,054 | 16,197 61 I 61 I 21 I ^36, 850 3 65, 295 3-67, 495 3 71,390 3 28,499 53, 298 21,251 34,479 11,162 45,605 174 176 171 121 30 11,788 10,437 17,599 16,863 21,964 6,978 82,238 j 117,305 11,861 j 11,798 I 11,787 I 12,404 I 167,472 170,569 ; 71,291 • 169,156 I 162,623 i| 40,305 164,327 I 149,306 j I 36,811 116,364 I 78,810 I 21,489 64 65 59 41 34 I 40 I k 29,042 321,387 102 . . . J i 17,758 3 26,441 |*12 ,002 |j 31,641 3 20,636 |«12 ,151 I! 16,977 3 30,133 !*12 ,709 105,437 I 109,372 96,213 I 110,445 105, 656 100,955 102, 898 109,099 57,011 78,290 1921. January February.. March . April....... Consumption** Thousands of pounds. Relative to 1913. A.—INDEX NUMBERS. 1914 monthly a v . . 1915 monthly a v . . | 1916 monthly a v . . I Production. Stocks, end of month. 4,279 7 27, 452 5,330 55,073 41,595 13,701 12,180 62,732 9,218 6,619 5,232 63,112 14,232 I 16,113 17,944 16,180 19,028 19,806 21,060 19,965 20,378 20,633 19,722 19,722 May June July 1 Except shipments of linseed oil and cake and meal from Minneapolis Chamber of Commrece. The sources of the other data are: Imports and exports of vegetable oils from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; Cottonseed oil from the U. S. Department of Commerce, Bureau of the Census; and. Oleomargarine production and consumption from the U. S. Treasury Department, Bureau of Internal Revenue. 2 Includes cottonseed, corn, and linseed oils. 8 These figures are for fiscal years beginning July 1 of year stated. * The following oils areincluded: Chinesenut, cocoa butter, coconut, cottonseed, olive (inedible), olive (edible), palm, palm kernel, peanut, rapeseed, soya bean. Whore certain of these are reportedi n gallons, they have been converted into pounds, allowing 7} pounds per gallon. 6 Colored and uncolored ,as represented by tax-paid withdrawals. e Figures for 1917 to 1922 are monthly averages of cottonseed-oil production and stocks on hand at the end of the month during cotton crop years (beginning August 1 of the preceding year and ending July 31 of the year to which the figure is credited). 7 Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October. 112 VEGETABLE AND FISH OILS. Table 65.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in "bold-faced type; numerical data on opposite page.] TOTAL CRUDE VEGETABLE OILS. Production. YEAR AND MONTH. Consumption. TOTAL REFINED VEGETABLE OILS. Production. Stocks. Consump, tion. Stocks. COTTONSEED OILCRUDE. Production. Consumption. PEANUT OILCRUDE AND VIRGIN. Stocks. Production. Consumption. 100 100 40 20 13 100 Stocks. Relative to 1919. 1919 quarterly 1920 quarterly 1921 quarterly 1922 quarterly average. average. average. average. 100 82 87 75 100 80 79 72 1930. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 105 48 43 132 113 57 56 123 96 73 51 96 1922. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 84 35 51 130 82 50 47 110 97 100 75 66 64 74 76 57 100 74 79 67 100 124 104 79 83 63 65 88 112 67 44 99 1921. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 100 89 65 98 67 51 100 15 44 26 | 106 54 29 107 74 56 80 85 150 145 86 118 114 25 15 166 128 58 19 138 128 41 30 141 6 11 16 28 29 48 54 190 136 138 91 86 54 50 72 |! |; i 103 66 38 96 74 93 85 65 143 117 45 109 135 43 40 138 140. 149 34 45 90 31 53 45 48 21 19 25 14 78 61 34 50 |j ' ! 75 30 24 69 49 67 84 124 66 34 74 12 33 141 92 29 19 130 50 11 49 51 31 6 15 22 16 12 4 28 20 5 7 109 54 100 100 85 103 1933. Jan. 1 to Mar. 31 J ' j 74 59 56 67 COCONUT OR COPRA OIL—CRUDE. Y E A R AND MONTH. Production. Consumption. Stocks. C O R N OIL—CRUDE. Production. Consumption. Stocks. 39 127 LINSEED OIL. Production. Consumption. 139 15 T O T A L F I S H OIL. 1 Produc- Consumption. Stocks. ! tion. Stocks. Relative to 1919. 1919 quarterly average. 1920 quarterly average. 1921 quarterly average. | 1922 quarterly average. 100 61 52 86 1OO 70 57 72 100 60 47 72 100 101 91 109 100 101 1920. Jan. 1 to Mar. 31... Apr. 1 to June 30.. July 1 to Sept. 30. Oct. 1 to Dec. 31... 74 58 62 50 93 70 53 63 56 65 65 54 132 102 116 54 125 99 113 63 1921. Jan. 1 to Mar. 31.. Apr. 1 to June 30.. July 1 to Sept. 30. Oct. l t o Dec. 31.. 43 37 64 66 58 50 62 59 42 45 50 51 64 78 103 114 60 71 87 103 72 84 70 61 Il l 63 94 67 59 70 92 129 95 104 125 109 88 100 82 55 1922. Jan. 1 to Mar. 31... Apr. 1 to June 30.. July 1 to Sept. 30., Oct. 1 to Dec. 31... 1923. Jan. 1 to Mar. 3J. 100 101 119 1OO 113 126 183 1OO 120 152 154 100 100 201 152 231 123 200 301 104 107 111 106 123 123 121 104 118 159 51 242 319 190 188 110 91 104 90 69 111 135 73 91 121 105 105 95 121 81 141 138 146 187 127 106 189 13 31 284 279 114 137 175 371 119 136 120 99 94 88 101 77 110 62 91 140 157 196 188 192 237 148 106 125 24 108 540 252 167 320 395 320 73 109 133 103 137 98 109 119 1OO 107 107 101 207 109 57 231 69 113 91 84 85 See footnote on opposite page. 1C5 113 VEGETABLE AND FISH OILS. Table 66.—NUMERICA1 DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page. TOTAL CRUDE VEGETABLE OILS. Production. Y E A R AND MONTH. Consumption. Stocks. TOTAL REFINED VEGETABLE OILS. Production. Consumption. Stocks. COTTONSEED O I L CRUDE. PEANUT OILCRUDE AND VIRGIN. Stocks. Production. 357,501 329,038 1 1 1 , 2 7 1 Production. Consumption. Consump- Stocks. tion. Thousands of pounds. 1919 quarterly average 1920 quarterly average 1921 quarterly average 1922 quarterly average 578,748 471,776 504,318 434,658 635,803 506,533 511,121 504,034 459,447 378,498 332,003 324,227 I 710,472 466,795 357,407 283,591 344,575 354,760 266,122 21,902 53,088 24,038 352,768 293,529 223,992 263,612 283,729 240,124 285,347 317,757 232,600 283,350 323,940 221,954 94,597 88,668 57,301 3,271 9,683 5,599 21,267 10,639 7,086 33,354 13,453 3,594 142, 724 45,507 33,357 156,801 1,207 2,311 3,498 15,166 25,624 28,779 15,498 45,571 32,691 33,166 21,989 I 1920. , 605,931 , 422,606 319,008 327,692 444,688 494,688 251,416 134,228 497,967 264,127 200,612 286,368 303,342 424,016 410,244 243,293 333,517 406,334 276,403 i 427,625 250,289 ! 277,387 766,481 628,997 51,875 594,291 422,783 192,412 63,185 455;02l 052,230 329,053 325,521 710,468 611,266 465,952 326,390 612,525 437, S04 273,298 253,595 363,313 481,294 309,791 179,066 448,890 264,764 331,487 305,542 233,124 406,697 332,772 126,3S5 308,262 481,779 154,281 142,990 491,979 459,680 288,757 128, S50 418,473 166,078 37,851 50,576 100,167 6,825 11,633 9,833 10,442 11,213 10,352 13,354 7,635 18,848 14,761 8,121 12,080 1922. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept, 30...... Oct. 1 to Dec. 31 487,796 523,292 202 045 % 316,395 294,453 | 297,309 754,337 ! 700,790 376, S07 297,830 283,997 33S.272 349,726 141,128 111,421 402,214 244,851 176,337 239,911 299,396 352,302 | 263,993 254,089 I 43,768 96,297 | 119,195 193,278 ! 503,442 301,788 95,775 64,025 426,226 55,117 12,194 54,906 106,988 11,074 6,831 1,236 3,256 11,552 8,487 6,260 2,045 6,699 1923. Jan. 1 to Mar. 31 562;311 279,963 331,733 250,66S ! 2S2,109 | 306,389 358,307 60,137 1,700 2,354 Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 1931. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 , 654,620 COCONUT OR COPRA OIL—CRUDE. Production. Y E A R AND MONTH. Consumption. Stocks. CORN OIL—CRUDE. Production. Consumption. Stocks. L I N S E E D OIL. Production. 4,876 1,141 1,661 979 TOTAL FISH OIL. Consumption. Stocks, Production. Consump- Stocks. tion. Thousands of pounds. 105,564 155,220 24,350 22,408 8,027 113,232 47,286 65,425 8,230 9,791 44,609 73,525 60,274 75,721 93,277 73; 143 111,401 24,655 •21,870 26,623 22,692 17,987 25,369 6,589 7,093 7,236 121,318 120,703 114,361 53,551 59,706 85,754 78,457 99,611 100,718 16,507 12,490 19,008 12,046 19,559 29,446 45,225 52,873 46,684 39,682 31,047 33,607 98,501 73,475 55,623 66,499 87,287 100,593 101,219 84,009 32,213 24,928 28,221 13,256 27,998 22,211 25,272 14,153 7,271 6,703 6,845 5,537 117,226 121,407 126,138 120,502 58,219 57,944 57,310 40,731 67,842 64,371 77,503 104,111 4,188 19,943 26,284 15,612 18,373 10,796 8,863 10,153 40,109 30,767 49,714 60,310 1921. Jan. 1 to Mar. 31... Apr. 1 to June 30.. July 1 to Sept. 30... Oct. 1 to Dec. 31... 23,062 19,900 34,439 35,588 61,531 52,771 64,992 61,802 65,447 70,239 77,219 79,667 15,670 19,028 25,004 27,779 13,395 15,848 19,568 23,135 5,469 5,841 7,335 9,726 118,787 118,781 107,716 137,528 38,134 66,505 65,324 68,861 122,308 83,144 69,601 123,391 1,038 2,585 23,384 22,952 11,194 13,453 17,139 36,450 53,296 60,467 53,637 44,093 1922. Jan. 1 to Mar. 31 Apr. 1 to June 30 July l t o Sept. 30 Oct. l t o Dec. 31 53,404 47,444 34,217 50,460 70,448 62,046 73,597 96,794 112,014 131,001 108,557 94,031 26,984 23,917 26,626 28,964 28,904 21,306 23,307 27,957 7,546 7,073 8,139 6,186 124,941 70,349 103,400 158,753 74,396 92,605 89,096 90,917 155,252 97,034 69,036 81,551 1,940 8,892 44,433 20,765 16,387 31,324 38,720 31,354 32,737 48,412 59,547 46,038 1923. Jan. 1 to Mar. 31.. 58,750 93,368 85,996 28,222 25,803 5,672 155,148 97,669 71,629 4,694 1919 quarterly 1920 quarterly 1921 quarterly 1922 quarterly average. average. average. average.. 53,886 32,805 28,247 46,381 1920. Jan. 1 to Mar.31... Apr. 1 to June 30.. July 1 to Sept. 30.. Oct. 1 to Dec. 31... I 27,507 I 30,886 i The figures given on pages 108, 109, 112, and 113 represent the movement of certain more important vegetable and animal fats and oils, as reported quarterly by the Bureau of (he Census, Department of Commerce. The data cover factory production, factory consumption, and factory and warehouse stocks. The stock figures reler to the amount on hand at the end of each quarter. 43622°—23 8 114 FARM PRODUCTS, WHOLESALE PRICES. Table 67.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.fl WHEAT FLOUR. YEAR AND MONTH. WHEAT. StandWinter ard straights, patents, Kansas MinneCity. apolis. No. 1, northern spring, Chicago. RYE. No. 2, red winter, Chicago. No. 2, cash, Chicago. OATS. CORN. COTTONSEED OIL. By sample, fair to Cash, good Chimalting, cago. Chicago. Cash, contract grades No. 2, Chicago. Summer, yellow prime, New York. BARLEY. CATTLE. HOGS. Steers, good to Heavy, choice, Chicorn cago. fed, Chicago. SHEEP. Ewes, Chicago. Lambs, Chicago. 100 R e l a t i v e to 1913. 1914 m o n t h l y average. 100 111 1915 m o n t h l y average.. 145 1913 m o n t h l y average. 100 107 100 114 146 147 100 102 100 121 133 172 100 98 100 112 113 132 100 111 117 1916 m o n t h l y average. 159 158 155 137 175 139 121 132 1917 m o n t h l y average.. 249 274 254 231 294 210 170 262 191S m o n t h l y average.. 268 245 224 305 207 206 257 1919 m o n t h l y average.. %278 281 239 241 195 186 255 226 100 91 94 147 212 100 100 100 106 102 113 151 100 85 115 188 108 127 153 220 277 332 212 108 139 193 206 170 103 111 210 218 170 101 112 241 200 187 73 124 222 116 97 85 83 116 110 112 103 111 110 113 74 79 86 94 140 121 129 132 104 119 141 207 207 1920 m o n t h l y average.. 277 301 285 256 294 202 212 1921 m o n t h l y average.. 182 183 161 146 191 102 103 93 1922 m o n t h l y average.. 159 159 1-10 126 139 101 105 100 January February March April 210 200 191 173 216 207 208 181 204 185 181 160 199 195 170 141 259 234 227 211 120 110 114 102 121 115 115 101 109 106 104 May.... June July.... August. 191 197 194 177 198 200 179 167 175 168 150 142 159 146 125 125 231 202 192 168 105 102 103 101 104 100 99 98 98 91 104 118 121 99 95 99 103 97 116 116 88 57 62 66 151 138 133 125 September.. October November.. December.. 182 162 156 150 174 164 153 152 150 142 134 137 130 121 119 119 167 139 126 135 97 89 102 92 94 97 86 75 77 77 136 122 114 115 98 1C4 101 97 95 95 82 81 67 62 59 81 113 109 112 135 April 153 174 170 178 153 174 176 176 141 153 148 152 121 140 138 141 127 156 160 164 93 101 103 102 100 106 105 104 91 92 94 118 139 159 158 96 102 103 99 118 124 122 112 130 151 149 156 182 187 170 May.... June July.... August. 176 164 170 153 174 167 162 144 158 137 142 129 138 118 117 107 166 139 135 114 109 97 103 91 107 99 99 89 99 98 103 100 162 154 147 136 101 104 114 122 125 122 121 104 126 100 117 114 160 147 163 160 September.. October November.. December.. 138 140 146 148 139 149 148 152 124 129 134 140 109 119 129 134 112 122 136 140 94 106 108 110 102 115 118 122 102 111 116 117 117 127 130 134 126 120 123 124 110 112 99 99 105 114 137 133 167 173 180 191 1923. January.. February. March April , 145 146 145 152 145 145 146 149 131 136 133 137 128 138 134 139 137 136 130 134 104 107 106 107 117 122 123 124 114 118 118 127 149 150 163 162 115 110 109 106 94 98 95 148 143 153 161 182 188 183 168 204 128 1921. 1922. January February March May.. June.. July.. See footnote on opposite page. 115 FARM PRODUCTS, WHOLESALE PRICES. Table 68.—NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] COT- I WHEAT FLOUR. YEAR AND MONTH. Standard patents, Minneapolis. WHEAT. ! No. 1, north- Winter straights, ern spring, Chicago. Kansas City. No. 2, red winter, Chicago. Per barrel. RYE. BARLEY. No. 2, cash, Chicago. By sample, fair to good, malting, Chicago. OATS. | CORN. Cash, Chicago. Cash, contract, grades No. 2 , Chicago. TON- ! CATi SEED i TLE. HOGS. ) OIL. i Summer, yellow, prime, New York. Steers, I good to choice, Heavy, Ewes, Lambs, corn Chicago. Chicago. Chicago. fed, Chicago. Per I pound. Per bushel. Per 100 pounds. $4,584 88.507 $8,365 5.096 4.125 $0,913 1.041 $0,986 1914 monthly average 1.005 .768 .615 .419 .695 .066 9.039 8.361 5.044 8.115 1915 monthly average 6.663 5.612 1.344 1.307 1.092 .704 .496 .730 .068 8.702 7.131 5.929 9.233 $0,636 $0,625 $0,376 $0,073 $7,794 1913 monthly average 83.847 $0,625 SHEEP. $4,687 1916 monthly average 7.264 6.091 1.417 1.351 1.113 .867 .455 .825 .106 9.573 9.615 7.166 10.017 1917 monthly average 11.391 10.551 2.321 2.278 1.871 1.315 .637 1.637 .154 12.809 15.705 10.332 16.092 17.325 | 10.304 2.235 2.209 1.940 1.305 . 775 1.605 .201 16.424 17.600 11.288 1919 monthly average 11.998 10.695 2.563 2.357 1.534 1.217 .700 1.597 .241 17.496 18. 244 9.351 16.125 1920 monthly average 12.675 11.579 2.600 2.522 1.873 1.263 .796 1.414 .154 14.486 14.187 8.744 15.904 1918 monthly average 1921 monthly average 8.338 7.051 1.467 1.437 1.214 .635 .387 .580 .079 ' 8.764 8.447 3.414 9.994 l'»22 monthly average 7.282 6.130 1. 2S2 1.238 .883 .633 .396 .623 .101 ; 9.438 9.393 5.787 13.183 10.925 1921. January 9.625 8.295 1.861 1.961 1.647 .750 .454 .681 .084 9.840 9.305 3.450 February A arch f 9.181 7.962 1.688 1.919 1.488 .688 .430 .665 .070 9.312 9.156 3.688 9.438 8 730 7 993 ! 1 650 1 679 1 446 .714 .432 .649 .062 9 563 9 463 4.031 10 031 April 7.950 6.980 I 1.461 1.386 1.339 .635 .378 .578 .059 8.719 8.225 4.406 10.313 • 11.790 • May 8.745 7.625 1.600 1.568 1.467 .657 .392 .616 .072 8.425 8.195 4.125 June 9 006 7 700 1 531 1 438 1 284 638 377 .613 .075 8 094 8 125 2.688 10.781 ! July 8.900 6.895 i 1.370 1.229 1.222 .645 .370 .613 .086 8.406 9.725 2.906 10.3S8 j A ugust.. 8.120 6.418 1.294 1.237 1 1.065 .629 .359 .569 .088 8.775 9.690 3.075 9. 740 i September 8.318 6.681 i 1.365 1.276 i 1.060 .607 .384 .538 .099 8.375 7.950 3.156 8. 813 October 7.425 6.3Q5 ' 1.298 1.193 .882 .553 .346 .469 .088 8.875 7.945 2.915 8.490 7.170 5.900 I 1.226 1.176 .804 .554 .354 .482 .082 8.563 6.838 2.750 8.719 6.881 5.860 1.254 1.177 .858 .548 .364 .482 .083 8.219 6.744 3.781 10. 500 November . December 1922. 7.000 5.875 1.285 1.196 .809 .582 .375 .484 .086 8.150 7.765 5.260 12.170 February. 7.975 6.700 1.400 1.382 6.781 1.352 1.357 .393 .572 .575 .101 .115 8.638 7.813 8.144 .633 .644 .398 March April .992 1.021 8.731 9.900 10.338 6.094 7.094 14.175 14.563 6.785 1.386 1.391 1.043 .640 .393 .588 .115 8.406 10.206 6.989 13. 219 May 8.060 6 675 1 446 1.356 1.056 .679 .403 .618 .117 8.615 10.425 5.900 12.475 June... July 7.500 7 788 6.406 6 235 1.249 1 292 1.160 1 152 .886 858 .608 .372 .112 .107 10.228 10.090 11.438 .371 8.863 9.700 4.688 .641 .609 .643 5.475 12.735 August 6.995 5.525 1.178 1.057 .723 .568 .335 .622 .099 10.375 8.688 5.344 12.438 January. . . . September 6 344 5 360 1 129 1 071 715 590 384 .635 .085 10.713 9.169 4.938 13 031 October 6 435 5 719 1 178 776 660 .432 .691 .092 10.245 9.360 5.325 13.500 November 6.713 5.706 1.228 1 177 1.273 .868 .678 .445 .722 .094 10.500 8.244 6.438 14.050 December 6 775 5 860 1 274 1 325 890 689 459 .734 .097 10.581 8.256 6.219 14.869 14.175 1923. January February 6 630 5 569 1 199 1 258 872 .649 .441 .711 .108 9.780 8.180 6.950 6 713 5 569 1 244 1 360 .864 .666 .457 .737 .109 9.356 7.838 6.719 14.613 March 6 625 5 600 1 216 1 321 .827 .663 .462 .740 .118 9.263 8.163 7.150 14.250 April 6.956 5 744 1.253 1.320 .853 .670 .466 .793 .117 9.015 7.965 7.565 13. 055 May June 1 JuJy 1 From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. 116 CROP PRODUCTION. Table 69.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type.] WHEAT. CORN. Winter. OATS. Total. Spring. BARLEY. RYE. TOTAL, BREAD GRAINS. RICE. POTATOES. APPLES (total). HAY, TAME. TOTAL VALUE OF CROPS (2) YEAR AND MONTH. Relative to 5-year average, 1909-1913. A.—INDEX NUMBERS. 1909-1913 average 100 100 100 100 100 100 100 100 100 100 100 100 100 1914 final estimate 155 84 119 99 101 107 123 104 99 115 143 106 107 1915finalestimate 153 144 149 111 137 126 155 123 121 101 130 13a 121 1916 final estimate 109 64 93 95 111 100 140 99 171 80 110 138 159 1917 final estimate 94 91 93 113 141 116 180 117 145 124 94 126 236 1918finalestimate 128 145 134 92 136 141 261 112 161 115 96 116 251 1919 final estimate 172 85 141 104 105 81 216 110 175 91 81 131 270 1920 final estimate 138 91 121 118 132 104 173 122 218 113 127 133 191 1921 final estimate 136 88 119 113 95 85 177 109 157 101 56 125 122 1922 final estimate 133 110 125 107 107 102 274 111 175 127 115 147 157 June estimate 138 101 124 115 105 231 3112 102 161 July estimate 129 101 119 106 105 100 235 108 163 120 108 137 August estimate 123 107 117 111 111 105 228 113 162 123 114 141 September estimate— i» 113 119 106 111 107 228 110 162 123 117 141 October estimate 123 109 118 105 109 108 228 109 164 121 115 141 November estimate 123 109 118 107 109 108 228 110 164 121 116 141 December estimate 133 110 125 107 107 102 274 111 175 127 115 147 1922. 1923. June estimate | July estimate August estimate Thous. of tons. Thousands of bushels. B.—NUMERICAL 1909-1913 average 1914 final estimate 441,602 245,059 686,697 684,990 206,027 891,017 2,708,334 1,131,175 181,886 2,672,804 1,141,060 194,953 Millions of dollars. DATA. 34,916 4,743,008 42,779 4,942,613 23,926 3 5 6 , 6 2 7 176,482 409,921 252,200 23,649 6 5 , 9 8 7 $5,702 6,112 70,071 6,907 1915 final estimate 673,947 351,854 1,025,801 2,994,763 1,549,030 228,851 54,050 5,852,525 28,947 359,721 230,011 85,920 1916 final estimate 480,553 155,765 636,318 2,566,927 1,251,837 182,309 48,862 4,686,253 40,861 286,953 193,905 91,192 9,054 1917 final estimate 412,901 223,754 636,655 3,065,233 1,592,740 211,759 62,933 5,569,320 34,739 442,108 166,749 83,308 13,479 1918 final estimate 565,099 356,339 921,438 2,502,665 1,538,124 256,225 91,041 5,309,493 38,606 411,860 169,625 76,660 14,331 1919 final estimate 760,677 207,602 968,279 2,816,318 1,184,030 147,608 75,542 5,191,777 41,985 322,867 142,086 86,359 15,423 1920 final estimate 610,597 222,430 833,027 3,208,584 1,496,281 189,332 60,490 5,787,714 52,066 403,296 223,677 87,855 10,909 1921finalestimate 600,316 214,589 814,905 3,068,569 1,078,341 154,946 61,675 5,178,436 37,612 361,659 99,002 82,379 6,934 1922 final estimate 586,204 270,007 856,211 2,890,712 1,215,496 186,110 95,497 5,244,026 41,965 451,185 203,628 96,687 8,961 June estimate 607,333 247,175 854,508 1,304,664 191,246 80,815 3 5,290,978 179,810 106,000 .Tuly estimate 569,276 247,660 816,936 2,860,245 1,186,626 181,586 81,998 5,128,457 39,085 428,607 189,549 90,400 August estimate 541,809 263,392 805,201 3,016,950 1,251,156 191,507 79,623 5,344,414 38,700 439,900 202,000 93,100 92,886 1922. September estimate 541,809 276,665 818,474 2,874,759 1,255,004 193,850 79,623 5,221,710 38,810 438,398 206,567 October estimate 541,809 268,314 810,123 2,853,399 1,229,774 196,431 79,623 5,169,350 39,159 433,015 203,667 92,886 November estimate 541,809 268,314 810,123 2,896,108 1,229,774 196,431 79,623 5,212,059 39,159 433,015 205,539 92,886 December estimate 586,204 270,007 856,211 2,890,712 1,215,496 186,110 95,497 5,244,026 41,965 451,185 203,628 96,687 1923. June estimate July estimate August estimate 1 Yearly figures represent the latest revised estimates of total production for the year as reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics. 2 Estimated total value of all crops based on prices at the farm on Dec. 1. 3 June figures for total grains include corn as estimated on Tuly 1. Ill FRUITS, VEGETABLES, AND HAY. Table 70.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type.] CITWHITE RUS POTAFRUIT.2 TOES. APPLES. YEAR AND MONTH. Coldstorage holdings.s ONIONS. HAY. ! APPLES. J Relative to 1919. 106 102 76 91 70 80 Car-lot shipments. Receipts. Number of carloads. Tons. B.—NUMERICAL DATA. 1,839 6,950 11,397 1,304 1,587 75 92 4,754 12,055 1,596 191S m o n t h l y average.. 108 84 63 94 105 103 1,865 5,737 1919 m o n t h l y average.. 100 100 1OO 1OO 1OO 1OO 1,735 6,796 126 111 97 124 3,946 8,580 1921 m o n t h l y average.. 166 118 139 121 111 58 2,883 8,042 1922 m o n t h l y average.. 172 114 108 133 124 64 2,977 7,735 1920. September. October November. December.. 162 34 120 211 104 31 240 391 549 58 208 282 80 544 37,284 340 143 166 168 4, 162 23,087 131 168 64 68 6 787 8,875 1920 m o n t h l y average.. HAY. Coldstorage holdings. 3 A.—INDEX NUMBERS. 1916 m o n t h l y average.. ONIONS. Thous. of barrels. Receipts. Car-lot shipments. 1917 m o n t h l y average.. CIT- ; WHITE RUS ! POTAFRUIT.2 TOES. 11,043 3,417 5,398 5,975 7,500 5,836 1,811 3,147 7,708 9,084 14,105 1,835 12-1,870 15,005 1,740 120,675 14,627 2,163 119,102 18,206 1,932 69,948 19, 9S3 2,166 76,873 125,388 18,058 3,675 31,233 4,910 97,009 24,852 2,918 101,363 9,612 1,186 109,982 9,789 9,276 11,210 10,617 13,871 2,038 98,005 11,884 1,769 94,419 16,087 1,724 79,284 14,847 2,511 63,861 1921. January... February. March April May.... June July August. 26 8 181 92 117 81 6, 384 6,046 172 79 102 78 4, 718 6,698 84 208 107 66 5,695 41 197 53 3, 650 2,210 2,819. 22 368 272 210 127 161 96 139 46 1, 119 1,496 8,712 14,461 2,423 55,519 6 144 118 47 45 445 422 7,7")0 17,645 822 54,752 131 September. October November. December. 18 94 114 85 47 1,220 5,063 17,041 1,482 56,819 50 67 107 118 57 3,384 3,613 16,115 2,048 68,515 193 68 174 193 50 3,667 26,040 3,362 46 517 94 288 64 792 5,076 43, 250 2,608 210 213 150 72 54 3,643 6,103 16, 729 1,248 54 5,739 13,146 35,117 14, 464 5,991 9,178 10, 496 1,148 60,801 76,960 65,717 64, 727 16,663 1,781 13,181 1,022 113 111 170 331 70 1922. January... 313 62 164 111 102 69 5,429 February. 249 69 128 88 59 61 4,313 4,217 4,682 March 178 43 167 148 42 57 3,090 2,933 April 111 26 137 134 178 54 1,930 1,761 8,841 6,928 8,998 7,407 May 54 17 115 137 134 54 944 1,146 6,205 June 18 18 71 148 54 66 314 1,192 3,855 July 3 56 2,387 2,421 4,312 1,980 35 45 122 75 50 63 August 37 117 126 70 205 35 159 251 77 84 431 84 225 269 62 November.. 318 276 132 132 116 December.. 389 121 190 77 January . . 374 120 198 107 February. 310 92 179 90 March 223 79 205 153 April 132 40 September.. October 145 1,452 71 5,521 71 6,743 57 5,376 69 3,877 67 2,292 6,481 110 81 76 13,903 29,313 18, 740 8,229 8,171 6,257 5,362 2,699 22,224 724 20,131 3,102 20,530 22,136 18, 3S1 17,530 2,325 10,244 23,795 33,711 19,547 11,589 10, 706 9,659 11,045 1,888 4,519 7,101 945 1,298 2,201 83,594 73,125 68,723 65,177 64,8S7 83,510 60,067 84,163 1,526 92,749 74,362 85,988 86,132 16,049 1,909 83,423 13,481 1,398 69,014 22,917 1,413 83,359 21,745 1,315 80,969 4,361 4,687 2,018 May.. June.. July.. 1 Except receipts of hay at 11 principal markets, which are compiled from weekly reports to the Hay Trade Journal; other data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. * Oranges, lemons, and grapefruit. 1 As of 1st of the month. 118 MOVEMENT OF CEREALS. Table 71.—INDEX NUMBERS. Based on data from Government and non-Government sources.1 [Base rear in bold-faced type; numerical data on opposite page.! WHEAT FLOUR. - YEAR AND MONTH. ConProduc- sumption. > tion. Relative to 1914. 1913 monthly a v . . . 1914 monthly av 1915 monthly av. 1916 monthly a v . . . 1917 monthly av 1918 monthly a v . . . 1919 monthly a v . . . 1920 monthly a v . . . 1921 monthly a v . . . 1922 monthly a v . . . WHEAT. Visible supply. 3 Stocks. BARLEY. CORN. ShipReceipts. 4 ments. 4 Visible sup-3 piy- Relative to 1919. j Relative : Relative to 1919. to 1913. Relative to 1913. Ship- GrindReceipts. * ments^ ings. RYE. OATS. Visible supply. Receipts at principal interior markets. Relative to 1919. Relative to 1913. 100 300 1OO 1OO 93 105 91 82 1OO 127 ioo 100 107 114 96 61 108 183 111 126 93 140 109 106 104 150 132 138 116 118 70 148 120 136 f 102 101 51 1 60 69 ' 125 141 71 64 116 1 oo 73 103 82 103 165 153 146 68 106 1OO 1OO 144 1OO 100 41 100 1OO 129 86 215 308 137 114 93 128 94 101 95 127 86 117 71 120 109 121 42 287 86 89 104 105 76 134 115 122 256 189 214 116 37 199 86 270 108 114 77 177 111 116 315 219 244 133 37 414 92 268 92 83 68 144 92 96 190 262 41 170 81 193 84 62 130 67 75 294 175 196 152 75 73 87 23 108 55 196 94 64 69 72 78 420 227 239 96 34 101 74 195 97 95 98 63 82 74 91 303 77 154 86 24 119 47 177 May 87 98 54 52 86 113 211 142 241 112 28 106 62 173 June July. August 83 77 57 41 96 105 326 235 244 109 43 113 99 198 110 95 75 69 129 208 118 216 198 107 216 124 89 96 203 161 190 244 100 138 34 137 197 218 71 480 197 347 138 143 88 170 195 202 158 244 305 424 92 355 143 126 111 233 132 266 230 239 44 232 125 98 260 81 217 103 144 147 23 154 106 52 401 105 144 98 145 157 56 91 115 82 264 76 68 323 265 197 143 19 181 65 389 98 110 77 235 362 347 332 123 25 97 80 210 55 72 57 95 58 533 389 360 142 26 March April 100 81 119 64 60 194 173 64 50 71 54 607 470 207 97 270 136 159 100 36 21 May June July August 83 89 58 132 92 128 371 181 32 90 58 95 67 110 208 127 36 106 97 75 79 126 173 294 126 126 124 86 86 193 108 245 393 265 268 220 112 84 119 163 246 129 136 141 88 94 154 183 153 161 141 166 124 235 255 217 1921. J anuary February March April September October November December 96 ! ! 397 1922. January . . . . February September October November December 1923. January February March April 140 138 85 80 387 87 251 110 74 45 405 371 321 353 141 94 275 85 25 111 81 245 211 135 45 1,088 123 220 216 146 56 263 161 51 926 608 108 115 207 204 ; • 144 96 248 135 137 153 160 161 153 45 605 113 189 114 135 82 266 144 122 217 250 158 109 47 550 101 1S6 104 114 78 274 119 95 263 250 255 132 42 555 109 177 97 98 82 264 69 54 356 209 187 127 2X 367 77 69 68 372 175 182 142 38 284 90 159 13S 70 63 113 101 120 82 126 249 May June July 98 123 1 See footnotes on opposite page. 119 MOVEMENT OF CEREALS. Table 72.—NUMERICAL DATA. Based on data from Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] WHEAT FLOUR." Produc- sCon-p um tion, tion. YEAR AND MONTH. WHEAT. ShipVisible Visible ReReStocks. supply. 5 ceipts .* ments. 4 supply. 2 ceipts.4 I 51,378 9,703 9;338 9,919 9,815 1914 monthly average. 1915 monthly average. 1916 monthly average. 1917 monthly average. 9,317 11,091 9,146 10,102 10,467 1918 monthly average. 47,725 31,220 55,640 18,861 26,330 21,619 14,198 8,404 8,857 15,352 10,476 5,346 Receipts at principal Interior markets. 21,158 17,447 32,517 16,335 19,919 23,252 24,318 23,107 8,655 3,444 5,999 21,539 26,476 24,774 14,995 17,985 28,409 32,814 7,435 4,664 73,833 9,058 8,385 5,276 9,438 10,233 4,952 6,907 1,294 1,648 1,809 1,936 1,912 13,525 8,845 9,653 18,949 21,552 ; 6,142 2,777 3,988 3,712 2,573 5,353 28,335 18,512 19,264 5,566 6,118 7,746 3,815 3,321 3,367 19,063 22,298 15,478 40,968 46,738 16,717 11,316 15,253 9,731 33,632 34,142 33,903 30,740 12,855 20,570 22,152 40,690 30,114 34,401 37,562 60,455 19,016 21,994 10,841 13,420 61,824 69,917 69,198 67,728 67,423 70,470 64,644 55,837 8,237 8,943 65,353 7,148 69,030 9,283 7,220 91,060 8,924 7,066 9,100 9,368 6,764 6,400 5,820 6,000 5,900 74,036 66,928 35,654 42,317 28,978 21,209 22,558 23,344 19,190 14,996 15,599 18,162 15,977 24,745 35,277 25,495 39,348 26,196 33,973 11,541 17,375 13,431 21,102 13,637 3,147 3,754 2,203 3,670 2,075 1,398 4,023 3,111 1,304 3,588 2,137 1,5-14 May.... June July.... August. 8,406 8,087 10,720 13,266 7,989 5;100 5,400 7,090 8,363 26,875 21,027 35,493 49,369 27,000 30,172 61,994 68,643 22,517 21,001 25,741 52,464 17,708 27,363 17,519 13,490 21,319 35,240 17,658 29,381 21,282 21,576 19,127 21,565 4,696 2,551 1,369 4,577 3,859 1,465 4,195 3,073 2,557 5,772 6,387 6,208 September.. October November.. December.. 13,349 13,917 10,166 8,856 11,660 87,197 119,943 133,702 135,823 61,406 41,568 25,576 23,975 40,300 28,758 19,455 13,634 13,262 22,328 18,197 27,109 36,561 34,496 15,467 39,723 26,961 21,160 12,770 17,403 6,092 5,086 5,488 6,569 4,013 3,006 6,174 2,102 1,987 9,365 8,265 10,425 9,241 7.776 6,001 1,704 2,346 9,496 8,991 7,300 7,893 7,500 9,658 9,720 6,000 7,823 6,898 5,700 120,804 107,791 99,764 88,772 17,458 22,700 20,220 15,630 11,335 11,536 14,135 10,684 30,383 9,232 39,502 52,097 58,330 31,035 14,552 29,393 31,842 23,891 12,019 July.... August. 8,073 8,136 10,321 12,271 7,245 7,368 7,909 10,080 67,853 48.816 40,513 44,097 29,070 20,997 39,534 60,644 25,474 21,927 21,612 48,846 31,170 33,068 22,304 10,007 27,083 31,157 25.975 24,380 23,691 19', 463 26,009 21, 728 September October November December 12,540 13,581 13,424 11,049 11,081 11,510 11,708 10,991 7,700 78,958 131,048 127,409 136,893 57; 735 48,300 42,493 45,331 32,081 28,076 27,300 24,280 13, 952 10, 436 12,846 18,236 35, 296 32,477 23,925 37,466 19,136 23,252 14,206 13,991 10,137 9,425 9,326 7, 7,400 7,7 00 140,71 135, 128,085 37,615 21,618 21,746 21,901 18,936 10,740 13,621 12,567 22,133 29,877 31,266 37,558 31,287 26,222 16.976 22,521 16,533 16,090 14,274 1921 monthly average. 1922 monthly average. 1921. January February March April •.. 1922. January February March April May June 1923. January. February March April 6,825 7,725 7,976 6,248 7,746 10,126 10,248 10,164 5,500 5.500 7,037 8,100 8,300 8,900 9,100 Visible supply. 3,817 8,569 1920 monthly average. OATS. 4,195 37,735 9,433 Grindings. 31,493 27,038 36,369 35,009 1919 monthly average. 8,156 Ship- RYE. Thousands of bushels. Thousands of barrels. 1913 monthly average. BARLEY. CORN. 44,767 51,040 5,411 5,055 4,875 20,694 17,415 22,200 19,784 22,651 18,384 27,299 24,025 24,844 23,692 17,800 17,880 6,685 3,291 3,254 4,211 1,881 1,417 16,483 17,711 15,340 9,371 4,705 2,933 5,323 3,269 19,594 17,555 16,811 25,371 47,950 42,743 36,667 38,355 22,418 23,776 23,375 20,955 35,968 35,464 32,940 32,391 22,635 16,023 18,568 16,867 30,861 27,683 24,044 21,932 5,179 2,265 1,267 5,946 2,358 1,589 5,294 2,283 5;650 4,121 4,564 1,824 1,430 14,085 6,108 5,081 11,980 6,733 4,607 6,403 4,104 4,557 4,215 7,868 7,832 7,121 5,530 3,776 7,176 5,336 2,556 4,749 5,946 3,403 3,679 | ! 5,270 May. June. July. 1 Wheat flour production, consumption, and stocks reported by U. S. Grain Corporation, prior to July, 1920, later months from Russell's Commercial News; Visible supply of wheat and corn from Bradstreet's; Receipts and shipments of wheat and corn and receipts and visible supply (at nearest week to end of month) of oats, compiled by Chicago Board of Trade, from the Price Current-Grain Reporter; receipts of barley and rye compiled from reports of commercial organizations by Federal Reserve Board; grindings of corn by the wet process in the manufacture of cornstarch, glucose, etc., compiled by the American Manufacturers Association of Products from Corn and comprise the entire production of the United States. 2 Consumption calculated from production, stocks, imports, and exports. Stocks represent flour in all positions, calculated from actual reports bearing a known relation 3to total stocks. Aggregate stocks in United States and Canada east of the Rocky Mountains, on nearest Saturday to end of the month. • At principal primary markets. » For monthly production figures since January, 1914, see page 47 in tbte October, 1922 (No. 14) issue of the Survey. 120 CEREAL EXPORTS. Table 73.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type.] EXPORTS OF GRAIN (Including flour and meal as grains). YEAR AND MONTH. Barley Corn and | and barley corn flour.2 meal.3 Oats and oatmeal.* Rye and rye flour. r> Wheat and wheat6 flour. Total grains. Barley and barley2 flour. Corn and corn meal.3 Oats and oatmeal.4 Rye and «rye flour.3 ! Wheat and wheat flour.e Relative to 1913. Thousands of bushels. A.—INDEX NUMBERS. B.—NUMERICAL DATA. 100 100 100 1,461 4,223 298 291 310 123 736 854 792 102 196 153 118 67 191 168 149 554 2,211 1,874 1,488 874 4,185 4,603 4,751 3,018 223 8,993 8,791 9,370 155 189 1,138 1,320 1,224 93 31 42 260 358 184 45 22 99 879 2,183 3,195 1,622 2,571 146 187 215 249 169 171 173 169 222 201 1,897 3,369 1,489 2,153 1,536 3,922 1,325 1,771 10,997 13,835 10,815 5,551 1,357 698 2,979 205 91 107 43 136 203 324 250 32 19 14 16 3,546 2,482 1,142 1,376 228 194 174 208 204 180 184 186 2,991 1,324 1,567 631 5,753 8,561 13,679 10,559 May.... June July.... August. 31 94 144 315 206 287 361 331 21 19 20 56 1,329 1,585 604 2,070 266 270 255 562 209 235 237 435 458 1,372 2,108 4,602 September.. October November.. December.. 367 143 172 57 448 224 106 248 22 28 11 19 2,400 1,291 446 1,274 327 213 163 126 326 191 132 139 29 32 57 69 460 527 543 446 17 14 92 67 745 780 615 2,545 126 92 121 May.... June July.... August. 69 79 172 143 268 280 341 292 103 236 153 76 3,543 3,215 1,803 2,983 September.. October November.. 251 201 107 52 231 244 183 117 161 123 111 30 7,202 1,442 45 82 69 175 211 184 16 32 29 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average., average., average. average.. average. 100 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average. average. average. average.. 130 231 102 147 105 January.. February. March April 38 151 128 102 Total grains. 100 21 99 109 112 100 7 11,907 12,133 23,034 18,230 14,070 20,764 13,973 39,560 34,817 30,903 | 1,359 3,375 4,938 2,512 3,985 17,413 22,259 25,636 29,643 19,337 35,406 35,878 j 35,191 j 46,002 | 41,672 977 575 413 494 5,480 3,836 1,765 2,127 27,105 23,074 20,765 24,801 42,306 37,370 38,189 38,612 8,694 12,139 15,234 13,970 628 569 604 1,677 2,055 2,456 936 3,105 31,624 32,178 30,413 66,963 43,459 48,714 49,295 90,323 5,357 2,082 2,511 830 18,937 9,470 4,475 10,488 678 844 343 573 3,720 2,001 691 1,975 38,950 25,366 19,453 15,014 67,642 39,763 27,473 28,880 176 170 202 174 421 465 836 1,002 19,437 22,254 22,936 18,817 511 436 2,770 2,035 1,154 1,209 954 3,945 14,982 10,991 14,371 10,244 36,505 35,355 41,867 36,043 120 153 160 327 170 208 209 290 1,015 1,153 2,519 2,086 11,306 11,805 14,395 12,325 3,104 7,114 4,631 2,286 5,491 4,984 2,795 4,623 14,267 18,200 19,098 38,964 35,183 43,256 43,438 60,284 2,442 267 211 148 138 295 213 172 129 3,671 2,940 1,563 762 9,769 10,312 7,722 4,944 4,870 3,721 3,356 915 11,163 2,235 5,484 3,785 31r839 25,077 17,579 16,428 61,312 44,285 35,704 26,834 2,229 3,854 892 105 102 90 118 141 105 661 1,191 1,012 7,388 8,894 7,764 497 966 874 3,455 5,974 1,382 12,519 12,197 10,725 24,520 29,222 21,757 1921. 1922. January.. February. March April December.. j 3,538 1923. January.. February. March April May.. June.. July.. 1 2 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. * Oatmeal converted at 5.21 bushels to 100 pounds. s Ryeflourconverted at 6 bushels to the barrel. Barleyflourconverted at 5.5 bushels to the barrel. • Wheatflourconverted at 4.5 bushels to the barrel. 3 Com meal converted at 4 bushels to the barrel. 121 RICE. Table 74.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Data from Government and non-Government sources.1 [Base year in bold-faced type.] SHIPMENTS. RECEIPTS AT MILLS. Total from mills. New Orleans. YEAR AND MONTH. STOCKS, END OF MONTH. IMEXDomestic at | Foreign PORTS, PORTS mills in wareand house. dealers. RECEIPTS AT MILLS. Total from mills. Barrels of 162 pounds. 2 Relative to 1919. New Orleans. 97 i house. 196,238 757,281 258,484 1,021,642 237,759 275,513 872,667 285,396 191,510 193,597 212,140 179,760 222,059 682,788 432,807 446,741 67 77 ! and dealers. B.—NUMERICAL DATA. 141 7 169,718 80 105 EXIMDomes- i tic at ! Foreign PORTS. PORTS mills in ware- In pockets of 100 pounds. A.—INDEX N U M B E R S . 1913 monthly av.. 1914 monthly av.. 1915 monthly av.. 1916 monthly av.. 1917 monthly av.. STOCKS, END OF MONTH. SHIPMENTS. 142 13 203,340 78 77 93 156 18 107 101 126 92 132 35 105 108 108 111 163 55 468,036 640,627 591; 159 479,349 652,912 642,918 104 114 109 84 168 328 45 633,910 699,754 278,75S 100 100 100 100 609,477 611,661 254,825 87 159 104 100 81 100 105 100 91 104 639,610 554,723 222,175 1,287,057 131 157 125 159 48 47 143 796,277 957,589 318,147 1,291,023 137 130 108 154 39 109 837,657 797,973 275,358 1,253,992 January February March April 106 78 135 160 183 198 170 169 138 145 147 136 299 239 197 196 57 53 49 42 43 36 34 56 127 124 145 647,457 472,774 825,360 973,141 1,121,878 1,210,239 1,037,009 1,036,690 351,341 2,430,782 370,537 | 1,935,844 374,494 | 1,600,937 347,113 | 1,593,049 May.... June July.... August. 188 72 63 161 232 129 137 149 151 120 130 150 184 130 79 86 46 55 35 41 56 69 14 52 167 235 201 197 1,144,416 439,510 385,328 980,719 1,420,264 787,344 839,608 910,458 384,232 305,436 331,005 382,944 September.. October November.. December.. 126 193 140 145 123 142 122 124 107 81 85 109 85 119 139 155 28 63 55 51 19 86 45 51 174 129 109 114 767,628 1,177,836 855,773 885,383 752,036 871,375 744,597 759,564 159 163 214 51 141 167 196 82 73 131 166 63 185 204 190 165 57 61 38 46 63 39 31 36 75 128 213 135 966,825 992,952 1,301,984 309,256 79 56 53 120 94 63 50 63 51 49 63 25 15 15 100 149 105 83 156 171 164 77 174 247 287 24 (4) »38 31 78 32 136 121 81 124 281 251 215 194 1918 monthly av.. 1919 monthly av.. 1920 monthly av.. 1921 monthly av.. 1922 monthly av.. 23,004 41,904 56,327 109,114 172,990 139,944 811,658 257,359 136,090 314,063 268,712 123,070 109,706 327,177 63,532 448,412 52;946 342,952 145,893 136,722 126,950 108,139 58,242 49,298 46,417 76,162 399,020 390,326 455,792 589,076 1,493,210 1,059,100 640,711 696,742 117,425 141,692 90,049 105,255 76,182 94,001 19,182 71,016 524,253 737,697 632,650 619,817 271,444 205,417 215,978 277,821 686,344 968,175 1,128,925 1,258,454 71,272 162,187 140,779 130,482 25,201 117,191 60,589 68,901 545,767 406,029 340,996 359,166 862,554 1,020,375 1,198,126 499,480 185,931 333,436 423,044 161,537 1,505,521 147,276 1,653,294 I 155,881 1,540,545 i 97,920 1,335,899 i 117,115 86,395 236,723 400,867 669,032 422,883 90,891 44,793 21,106 448,897 481,812 283,198 267,552 519,652 200,198 142,528 135,916 226,831 { 972,422 163,092 j 761,982 ! 131,332 | 515,190 | 126,421 i | 402,278 107,001 38 48 127 109 909,359 1,913,275 1,780,126 1,272,415 790,466 1,424,934 1,287,207 940,319 243,967 397,074 436,506 417,324 151 106 111 952,293 392,191 395,697 529,193 1,015,520 561,779 654,482 707,736 347,405 2,283,793 308,663 2,039,140 205,855 I 1,743,020 I 315,485 I 1,575,051 ; 1921. 1922. January... February.., March April.. 15 7 3 74 79 46 44 85 September.. October November.. December.. 149 314 292 209 129 233 210 154 1923. January February March , April 156 64 65 87 166 May.... June July.... August. 107 116 0) 621,405 1,409,775 2,003,659 2,325,937 61,475 53,447 42,752 48,996 86,100 34,653 20,521 20,664 •51,285 41,744 (*) 105,842 42,948 119,218 312, 840 408,321 329,792 261,182 119,415 152,075 398,S32 343,462 474,538 334,215 347,034 May.. June.. July.. 1 Receipts, shipments and stocks at mills from Rice Millers' A ssociation, comprising movement of the whole rice crop except California rice. Shipments of rice through New Orleans compiled by New Orleans Board of Trade. Stocks of foreign rice in warehouses and imports and exports from U. S. Department of Commerce, Bureau of Foreign and sDomestic Commerce, data for rough rice being reduced to the equivalent clean rice at 162 pounds of rough to 100 pounds of clean. Rough rice barrels of 162 pounds are equivalent to clean rice pockets of 100 pounds each. * Covers first 21 days only, during which period the old tariff law was in effect; other 9 days included in October figures. 4 Because of the confusion resulting from the new tariff schedules, effective Sept. 22,1922, data on foreign goods held in warehouses are not available. 122 LIVE-STOCK MOVEMENT. Table 75.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.5 CATTLE. Y E A R AND M O N T H . Shipments. Total receipts. STOCKER AND FEEDER. SHEEP. HOGS. TOTAL. Shipments. Total Total slaugh- receipts. STOCKER ter. AND TOTAL. Shipments. Total Total slaugh- receipts. STOCKER ter. TOTAL. AND FEEDER. Total slaughter. FEEDER. Relative to 1919. 1917 m o n t h l y average.. 93 1918 monthly a v e r a g e . . 102 93 95 1919 monthly a v e r a g e . . 100 91 1OO 100 1920 monthly a v e r a g e . . 76 92 1921 monthly a v e r a g e . . 80 66 80 1922 monthly average.. 94 92 84 85 97 109 100 91 81 91 85 101 100 95 92 98 100 81 56 65 71 61 67 72 101 83 75 84 81 100 100 100 100 100 100 107 90 83 74 86 87 103 87 89 45 78 102 107 94 82 60 80 84 108 1920. 67 87 114 90 117 113 89 94 99 58 110 95 72 39 67 82 50 82 82 76 36 92 69 90 56 85 95 96 64 91 68 47 80 62 115 98 123 104 111 111 121 103 64 78 57 128 138 135 116 108 132 131 92 75 89 68 134 183 165 118 126 130 106 104 72 117 97 109 148 124 68 63 73 112 50 127 106 45 59 85 46 68 87 126 58 140 120 79 15 57 104 58 38 52 64 107 68 116 103 67 11 48 76 54 67 83 90 108 106 84 77 15 57 100 73 54 76 95 83 74 18 58 94 75 49 67 81 52 85 21 77 77 47 66 88 96 44 82 15 63 65 28 55 74 73 23 77 71 78 24 64 95 91 81 95 87 71 31 78 68 110 70 93 127 93 90 141 113 102 86 71 134 96 112 82 66 76 65 105 53 75 81 114 55 66 72 97 83 64 71 87 91 53 63 79 83 72 87 95 78 83 51 75 105 107 116 116 136 139 143 192 118 September. October November. December.. 88 62 May June July August.. 67 40 80 1921. January... February. March April May June July August.. September. October November. December.. 113 94 78 104 67 116 96 118 114 60 102 79 134 126 138 127 44 109 93 91 88 90 94 47 149 85 73 35 73 76 55 1922. January... February. March April 81 32 73 90 02 29 54 72 99 89 65 25 56 74 82 75 79 54 17 47 64 100 93 101 75 25 69 81 101 76 106 75 31 64 88 80 41 76 74 35 59 91 97 81 41 61 75 97 97 82 44 97 76 99 91 103 96 176 114 99 65 109 93 146 197 181 101 161 150 100 118 73 126 115 101 131 121 84 81 95 87 134 61 139 133 67 44 59 78 91 64 85 95 142 158 134 72 30 60 85 69 48 63 76 120 85 140 111 29 53 67 73 45 62 84 132 92 143 128 20 53 76 79 79 72 May June July...August.. September. October.... November. December.. 150 111 93 78 1923. January... February. March April May.. June. July.. See footnote on opposite page. 123 LIVE-STOCK MOVEMENT. Table 76,—NUMERICAL DATA. From Government sources,1 [Base year in bold-faced type; index numbers on opposite page.] CATTLE. YEAR AND MONTH. SHEEP. HOGS. Shipments. Shipments. _l Total Total Total slaugh- receipts. STOCKER receipts. STOCKER ter. AND TOTAL. TOTAL. AND I FEEDER. FEEDER. Shipments. Total I Total slaugh- receipts. STOCKER TOTAL. AND FEEDER. Total slaughter. Thousands of animals. 1,027 1,185 1,194 1,273 1,228 1,277 2,157 2,572 2,536 2,272 2,194 2,395 1, 618 1, 869 2,265 1, 876 2, 014 1, 859 352 432 578 430 258 346 808 1,011 1,210 1,043 944 969 756 855 1,054 915 1,072 890 1,397 1,308 1,101 958 2,859 2,421 1,754 1,564 1,488 1,640 2,034 2,607 234 227 324 568 818 806 1,029 1,486 706 845 1,002 1,099 37 935 1,068 1,400 1,520 1,452 1,726 2,465 2,680 2,896 3,027 2,471 1,566 796 1,059 857 259 1,632 2,001 1,499 710 1,218 978 1,010 891 4,700 4,009 3,382 3,230 43 51 81 57 1,666 1,391 1,261 1,136 3,032 2, G04 2,119 2,097 1,792 1,516 1,750 1,677 62 88 107 924 1,005 844 997 3,328 3,579 2,727 2,656 39 33 17 23 1,045 1,143 919 931 2,270 2,474 1,808 1,722 1,916 1,850 1,776 2,500 123 89 139 404 926 768 772 1,123 1,015 1,093 1,006 1,335 935 742 2,655 3,214 3,687 3,931 41 45 33 35 951 1,219 1^297 1,775 1,697 1,992 2,370 2,147 2,618 3,042 2,068 1,664 555 731 511 202 1,428 1,668 1,094 881 1,200 1,341 988 804 927 822 994 4,278 3,613 3,411 3,067 27 62 74 56 1,787 1,327 1,181 1,067 2,4S4 2,286 2,246 2,000 1,835 1,400 1,465 1,227 183 169 143 97 656 677 564 761 780 678 780 701 669 1,035 1,086 1,058 1,002 1,106 3,737 3,776 2,980 3,037 70 57 31 31 1,149 1,114 1,025 1,065 2,571 2,677 1,940 1,976 1,692 1,700 1,677 1,951 145 182 204 350 832 777 717 904 852 924 956 1,021 597 845 710 357 1,241 1,569 1,345 847 1,107 1,299 1,138 994 3,062 3,682 4,421 5,004 33 49 55 46 1,153 1,299 1,501 1,657 1,917 2,365 2,918 3,362 2,241 3,311 2,288 1,516 524 1,138 757 256 1,241 2,196 1,465 708 1,008 1,069 881 821 281 210 756 559 554 1,087 870 5,306 4,490 4,926 64 1,887 1,669 1,703 3,395 2,819 3,234 1,636 1,366 1,430 171 169 114 729 646 897 708 805 1,094 2,104 2,054 1,866 1,649 1,933 382 408 440 336 292 406 747 850 894 818 717 887 1,109 1,241 1,141 1,034 923 1,036 3,159 3,766 3,737 3,549 3,425 3,672 1,784 1,887 1,678 1,970 295 272 218 283 783 799 734 992 1,069 940 1,043 4,263 3,709 2,850 2,525 2,294 2,209 2,427 1,392 489 580 553 279 1,087 1,172 1,166 650 1,172 1,049 1,207 785 2,391 2,789 3,872 4,195 47 January... February. March April 1,644 1,190 1,565 1,494 205 1C6 237 238 465 600 612 995 728 948 892 May.... June July.... August. 1,542 1,580 1,343 1,867 214 209 122 355 597 593 492 846 J 1,906 | 2,311 1,928 1,417 395 622 497 245 911 1,194 • 997 January February March April... I 1,416 1,622 1,470 233 243 282 235 6^3 586 632 562 May.... June July August. 1,878 1,759 1,709 2,149 365 315 223 September. October November. December.. 2,373 2,936 2,427 1,825 1,876 1,426 1,502 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 m o n t h l y 1922 monthly average. average. average. average. average. average. 64 81 75 61 42 49 1920. May June July August j | j ! September October November. December.. I 43 27 36 60 54 1921. September October November. December.. 1,101 687 586 935 693 ! 1,053 706 ! 988 | 1922. 925 1923. January... February. March April May.. June. July.. 1 These figures represent the movement at between 60,and 70 markets; data procured from the U. S. Department of AgricvMure, Bureau of Agricultural Economics. 124 MEAT PRODUCTS. Table 77.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] EXPORTS. YEAR AND MONTH. Pork products. & Beef products, s Beef products.? Relative to 1913. 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. Pork products.s APPARENT CONSUMPTION OF MEAT.« PRODUCTIONINSPECTED SLAUGHTERS COLD-STORAGE HOLDINGS. 2 Lamb and mutton. 9 Beef. Relative to 191£ Pork. Lamb and mutton. Relative to 1913. Beef. Pork. WHOLESALE PRICES. Beef (fresh). Pork. Good Steer native rounds, Loins, fresh, steers, No. 2, Chicago. Chicago. Chicago. Relative to 1913. Relative to 1919. av.. av.. av.. av.. av.. 100 1OO 1OO 100 1OO 1OO 1OO 1OO 94 89 96 96 98 105 102 103 138 313 106 108 84 100 95 96 147 236 47 67 40 116 116 82 82 153 107 99 109 132 239 78 70 53 137 89 64 96 115 167 124 164 1918 mo. av.. 1919mo. av.. 1920 mo. av.. 1921 mo. av.. 1922 mo. av.. 229 473 108 94 66 154 117 70 104 129 171 169 198 268 235 1OO 1OO 1OO 131 120 84 100 1OO 180 171 212 156 143 70 99 183 121 111 67 93 149 178 163 207 169 112 43 85 324 109 116 78 82 155 126 111 151 151 106 27 70 41 121 129 67 90 178 116 111 144 172 117 51 105 298 102 116 71 79 140 127 120 150 155 97 46 108 189 114 128 75 88 167 124 118 131 209 132 40 110 104 101 110 67 77 157 115 122 150 213 136 35 101 80 118 94 85 91 152 124 122 192 212 136 28 85 70 119 87 86 89 166 123 110 184 121 94 25 61 71 125 99 93 93 188 127 96 162 110 74 26 45 82 114 118 77 83 175 133 87 121 130 69 33 44 89 99 133 66 74 168 127 83 95 156 67 35 51 77 111 144 72 85 172 119 90 108 168 91 33 60 47 98 123 59 74 141 112 97 114 152 131 31 67 34 119 118 64 89 134 112 101 133 110 101 29 74 34 106 105 56 80 145 112 110 159 160 1921. May June July August September... October November... December.... 1922. January February March . .. April May June .. July August September... October November... December... 121 141 27 76 25 124 133 63 94 170 112 116 146 146 24 83 27 125 149 70 94 178 112 123 135 163 112 21 94 44 119 117 65 89 167 114 130 160 156 101 20 91 39 127 109 71 95 173 120 125 173 146 102 20 81 40 131 101 72 98 196 120 114 191 153 97 22 61 41 141 113 72 102 196 120 107 173 152 107 28 47 41 134 146 67 93 201 120 107 125 190 79 40 50 43 124 183 61 88 257 120 106 102 1923. January February March April 239 92 48 68 54 125 188 81 94 209 119 103 104 200 84 48 82 71 .107 156 66 83 175 114 105 105 226 116 42 92 68 112 111 100 38 102 79 112 111 103 May July ! ; I See footnotes on opposite page also. 1 Exports reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; cold-storage holdings from the U. S. Department of Agriculture, Bureau of Agricultural Economics: production of beef and pork from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry. Apparent consumption has been computed from the inspected slaughter plus imports less exports and the change in storage holdings. Wholesale prices are average for the month from U. S. Department of Labor, Bureau of Labor Statistics. a Cold-storage holdings are distinctly seasonal. No allowance for this has been made in calculating index numbers. Figures represent storage holdings on the first day of each month. » Total dressed weight slaughtered under Federal inspection, including veal with beef. The slaughter under Federal inspection, according to census figures in 1919, amounted to 68 per cent of the total number of animals slaughtered in the United States in the case of hogs, 82 per cent in the case of beef and 91 per cent for lamb. 125 MEAT PRODUCTS. Table 78.—NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] YEAR AND MONTH. Pork products. & Beef products.* Beef products.? Lamb and mutton.9 Pork products.s Beef. Pork. WHOLESALE PRICES. APPARENT CONSUMPTION O F MEAT.* PRODUCTIONINSPECTED SLAUGHTERS COLD-STORAGE HOLDINGS. 2 EXPORTS. Lamb and mutton. Beef (fresh). Good Steer native rounds, Loins, fresh, steers, No. 2, Chicago. Chicago. Chicago. Pork. Beef. Thousands of pounds. 1913 mo av 82,058 76,826 1914 mo av 113,205 1915 mo av 1916 mo. av.. 120,932 1917 mo. av.. 108, 209 13,625 12 163 42,609 32,105 32,502 112,462 186,647 609,290 638,684 3,383 4,477 187,554 219,803 128,004 138,308 123,924 64,444 32,053 19,545 15,249 14, 456 258,167 240,140 168,108 104,457 65,900 856,059 912,053 904,425 771,441 034,537 5,580 8,413 15,362 27,222 3,454 June July August 141,041 127,908 171,561 174,917 15,911 13,192 18,018 18,499 122,188 109,553 i 96,220 1 8-1,091 954,618 983,380 1,003,562 922,0.39 25,129 15,877 8,714 6,751 September .. October November... December... 173,989 99,202 90, 248 106,440 18,568 12,773 10,043 9,420 67,334 59,822 63,486 80,333 773,852 557,016 408,506 397,590 5,903 5,993 6,840 7,520 1922. January February March April 127,023 138,055 124,411 90,132 9,109 12,404 17,808 13,735 84,808 78,293 73,781 69,516 462,637 546,100 608, 747 677,253 6,444 3,914 2,863 2,878 99,440 119,855 133 426 127,667 19,145 19,894 15,281 13,751 64,507 56,852 50,706 47,030 690,296 2,071 2,310 3,720 3,308 120,124 125,716 124,574 156,067 13,832 13,165 14, 568 10,780 ' 48,291 53,572 67, 814 95;628 739,425 1918mo. av.. 1919 mo. av.. 1920 mo. av.. 1921 mo. av.. 1922 mo. av.. Dollars per pound. 343,402 482,846 328 805 : Pork. 464,139 364,210 521, 302 396,865 469,328 558,919 527, 898 566,370 451,389 580,989 428,233 415,434 538,286 372,858 561,614 417,199 620,503 52,389 51 226 44,125 43,219 33,645 i $0,131 .133 .124 .130 .162 $0,149 .154 .143 .162 .244 .221 .224 .213 .145 .145 .295 .315 .307 .225 .214 .158 .155 .160 .160 .223 .195 .223 .285 .144 .125 .114 .108 .274 .240 j .180 .141 .118 .128 .132 .144 .160 .169 .198 .236 .151 .161 .170 .164 .238 .200 .238 .256 .149 .140 .140 .139 .284 .258 .185 .152 .155 I .145 .135 .138 .145 145 145 153 1 SO. 1 3 0 i .136 .129 365,063 427,141 429,322 321,411 .138 36,641 43,890 35,255 41,134 34,858 465,686 447,129 413,968 ' 365,273 402,488 360,829 279,897 416,303 433,965 496,926 .221 37,367 39,118 35,040 44,433 351,545 394,414 343,882 407,509 390,985 471,333 439,480 424,972 .165 45,290 48,486 40,149 34,558 398,359 414,455 370,210 330,245 464,925 525,838 489,336 469,521 37,515 30,754 33,656 29,299 379, 993 329,038 395,747 356,787 482,083 393,499 375,276 405,764 33,226 36,427 34 033 37,430 418,682 419,197 400,152 425,163 475,985 49S,674 468,760 485,361 .145 37,917 37,777 35,156 35,102 440,185 549,195 548,421 561,360 718,736 .155 .155 .167 .233 .230 .163 .150 1921. May May June July August September... October ', November... December... 1 7.7J, 453 861,638 826,535 3,376 3,473 3,458 3,633 558,434 431,921 452,005 351,405 560,758 391,699 347, 792 619,355 406,110 451,662 407,349 422,022 427,661 480, 622 529, 514 392,487 567,622 341,040 642,093 381,718 693,020 336,393 594,090 408, 248 568,137 363,071 508,909 427,393 644,495 429,692 720,687 407,330 567,065 437,813 525,889 448,765 488,252 483, 293 458, 501 547,624 424,178 881,748 706,118 455, 9,86 416,119 392,804 .160 .149 .160 .160 .164 .173 .164 .154 .145 .145 .145 .145 .148 .155 .155 .155 i 1923. January February March April 196,139 163,745 1S5,197 12,537 : 11,415 15,744 116,255 114,113 100,591 91 327 May June July 4,523 5,980 5 758 I 6 632 ' 619,317 745,190 842,781 928 952 429,162 907,645 366,801 752,492 42,574 34,831 418,762 368,908 585,633 491,156 i See footnotes on opposite page also. meat produced under Federal inspection only. bacon, ham, shoulders, lard, neutral lard, and canned, fresh, and pickled pork. fresh, canned, pickled, and cured beef, and oleo oil and tallow. beef, frozen, cured, and in process of cure. pork, frozen, dry salt, and pickled, both cured and in process of cure, and lard. Frozenlamb and mutton. 4 Includes 5 Includes 6 Includes 7 Includes 8 Includes 9 I .154 .148 . 156 ! . 148 ' 126 MILK. Table 79.—INDEX NUMBERS. Based on data from Government and non-Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] CONDENSED AND EVAPORATED MILK (case goods). FLUID MILK. YEAR AND MONTH. Receipts j at I Greater New York.2 Receipts Producat i tion, Boston | Minne(includ- apolisins St. cream).3! Paul.4 Relative to 1913. 1913 monthly average Exports. ICE CREAM. Stocks.^ Production. Relative i Relative t o 1920. to 1919. Relative to 1919. 100 1914 monthly average 101 1915 monthly average 106 9 1916 monthly average 108 26 1917 monthly average 110 90 1918 monthly average.. 118 125 136 143 149 93 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 1922 monthly average.. 100 50 80 77 65 91 1OO 1OO 1OO 1OO 76 48 1OO 111 71 34 79 110 106 109 108 170 115 185 1 22 11)21. May.... 153 119 225 113 13 52 148 June 161 123 229 111 31 79 203 July.... 162 118 179 81 24 103 244 August. 149 110 165 89 43 105 174 September. 151 108 137 73 54 78 142 October.... 144 106 140 74 45 79 67 November. 124 100 136 58 26 77 December.. 134 103 171 55 31 84 January... February. March.... April 137 113 192 55 26 84 41 128 104 182 52 28 78 49 148 103 207 62 35 69 66 144 110 192 69 34 62 92 May.... June July.... August. 166 165 161 154 125 129 226 224 189 155 94 22 22 12 16 65 77 83 72 161 207 222 200 150 1922. September. October.... November.. December.. 125 US 95 75 67 149 112 146 58 15 70 153 118 160 66 23 55 143 108 160 50 17 39 144 109 53 14 31 1923. January February.. March April 145 110 225 14 134 100 216 18 153 254 May.. June. July.. See footnotes on opposite page also. State and parts of Pennsylvania, New Jersey, Connecticut, Massachusetts, and Vermont 127 MILK. Table 80.—NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] FLUID MILK. CONDENSED AND EVAPORATED MILK (case goods). ICE CREAM. M I L K DELIVERIES TO M I L K P L A N T S . For manufacture o— f I YEAR AND MONTH. ReReProceipts ceipts duction, at at Great- Boston Minneapoliser (inNew cluding St. York.2 cream) Paul.4 average...! 1,496 average... | 1,513 average...! 1,590 average... 1,613 average... | 1,652 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average... average... average... average... average... j 1,763 1,873 2,036 2^144 2,233 Stocks.6 Production. Total. Soft Milk cheese, chocoice late, cream, whole Butter. conmilk densed powder, milk, etc. etc. Fluid milk. Cheese (American). 1 Thousands of gallons. Thousands of pounds. Thousands of pounds. 1,377 1,904 6,307 18,307 35,705 11,727 12,193 13,059 13,865 14,116 14,953 Exports. -I: Thousands of Thoucans, 40 sands of quarts quarts. each. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly Production. 5,715 7,145 7,786 12,141 13,224 110,639 143,956 109,427 102,751 45,928 71,072 34,252 224,689 24,140 177,099 15,625 147,197 10,470 11,098 12,358 12,193 II 1921. May:... June July.... August. 2,289 2,414 2,427 2,229 15,525 16,054 15,383 14,311 16,098 16,376 12,758 11,773 163,288 160,140 117,015 127,444 9,186 21,700 17,338 30,360 116,55' 178,367 232,374 235,056 16,382 22,516 27,065 19,363 434,411 I 174,457 J 84,621 459,518 182,052 j 96,789 377,353 j 182,790 | 107,963 364,293 | 166,209 72,747 50,770 57,699 25,550 44,994 70,733 59,189 19,426 42,738 2,262 2,155 1,853 2,012 14,045 13,786 13,115 13,484 9,767 9,996 9,739 12,226 105,292 38,061 106,134 32,232 84,072 I 18,126 78,813 j 22,238 174,254 177,672 172,410 188,709 15,725 7,417 5,277 4,526 320,441 196,734 234,332 272,196 176,592 ! 56,510 95,640 31,900 123,120 41,060 140,880 ! 49,425 26,256 25,066 32,938 37,170 35,994 25,089 28,586 15,542 27,604 9,610 34,564 | 10,157 1922. January February March April 2,050 1,908 2,209 2,156 14,743 13,523 13,438 14,428 13,698 13,031 14,812 13,687 79,366 74,557 88,759 99,861 18,352 19,951 25,006 24,234 189,355 176,332 155,650 139,418 4,518 5,436 7,286 10,231 290,644 | 150,617 • 51,959 273,865 131,235 55,871 353,014 \ 147,449 : 74,033 333,838 ; 95,983 92,983 35,703 38,041 49,942 66,986 41,080 38,350 61,369 43,749 May.... June July.... August. 2,479 2,475 2,412 2,302 16,287 16,889 16,377 15,402 16,114 16,019 13,509 11,042 134,826 136,528 107,870 96,475 15,711 15,706 8,823 11,247 145,667 173,817 187,367 161,846 17,854 22,922 24,604 22,228 422,697 407,426 353,526 299,451 110,260 110,301 112,272 96,623 125,364 111,458 96,184 77,991 101,505 92,566 77,183 69,397 45,134 46,323 31,211 27,746 40,434 46,778 36,676 27,693 September.. October November.. December.. 2,233 2,285 2,133 2,154 14,589 15,422 14,097 14,243 10,396 11,430 11,439 13,510 83,917 73,449 71,924 76,029 10,549 16,066 12,004 9,850 158,371 122,715 86,788 69,041 16,649 268,880 259,520 183,798 187,381 102,057 110,223 96,378 94,235 67,101 56,174 37,588 42,823 49,044 52,467 34,912 37,693 29,045 26,288 9,108 11,506 21,632 14,368 5,101 1,124 1923. January February March , April , 2,170 2,002 2,295 14,357 13,081 15,080 16,077 15,421 18,118 199,739 215,522 275,167 17,351 106,893 40,341 44,845 57,356 55,355 52,407 76,592 13,308 17,187 26,735 1,896 3,732 7,591 September October November.. December. 10,239 12,719 • ! ! I 53,830 63,789 41,624 37,605 ; j | | 11,285 10,368 20,221 34,633 May.. June.. July.. See footnotes on opposite page also. Receipts of milk, excluding cream, in the metropolitan area around New York City, including many large cities in New Jersey. Receipts of milk by rail, including cream. Production of whole milk by members of the Twin City Milk Association, including most of the area within a 40-mile radius of Minneapolis and St. Paul. 6 Production compiled by months but issued quarterly; figures not available at time of going to press. 6 Include bulk goods also and are given as of the first day of the month. 3 3 4 128 BUTTER AND CHEESE. Table 81.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type.] Production. YEAR AND MONTH. Coid- WholeReceipts storage sale holdprice, at 5 ings mar- (cream- 5 markets, s kets.* ery), Relative to 1919. BUTTER. CHEESE. BUTTER. Relative to 1916-20. Production, s Cold- WholeReceipts storage sale holdprice, at 5 ings mar- (Amer- 5 markets.* ican).* kets.? Relative Relative to to 1919. 191G-20. Relative to 1919. Production. Cold- WholeReceipts storage sale hold- price at 5 t ings mar-2 (cream- 5 markets. kets.e ery), Thousands of pounds. A.—INDEX NUMBERS. 100 92 1918 mo. av 1919 mo. av 100 1920 mo. av 99 120 89 94 104 118 100 100 99 86 72 100 85 91 104 105 100 85 104 68,181 100 83 103 90 82 70 1921 mo. av 121 103 95 1922 m o . av 129 118 94 1921. January February... March April 81 67 104 85 47 70 92 94 78 61 74 83 51 69 67 81 94 78 48 77 70 78 47 80 111 So 26 74 93 87 38 85 72,344 45,871 71,965 39,269 87,712 47,448 93,095 54,207 58,906 56,556 67,677 80,363 .209 .208 .199 .183 128,554 145,766 129,341 108,727 3,830 68,893 93,139 13,202 92, 829 67, 410 62, 494 103,329 .360 .377 .367 .362 27,979 32,648 30, 728 26,976 18,809 22,756 23,940 19,819 18,980 15,481 33,130 46,287 .175 87,756 81,547 67,253 69,284 46,419 112,039 41,351 96,380 38,678 73,850 38,475 47,773 .410 .466 .494 .526 23,444 25,613 18,113 15,233 17,729 18,238 16,107 13,749 53,625 49,473 40,852 37,291 48,123 40,662 50,409 .506 .492 .485 12,887 12,575 15,573 33,617 26, 593 20,693 14,463 66 105 118 94 60 111,898 154 136 147 76 108 79 111 64 111,638 September October November December 124 110 164 72 92 91 125 117 95 160 78 84 101 121 97 81 138 76 53 83 116 71 99 81 116 73 45 69 92 66 62 74 67 63 70 90 97 58 67 40 64 61 47 51 68 74 66 62 40 16 29 59 127 202 120 62 119 150 136 183 61 105 116 140 147 122 121 101 199 91 113 90 171 79 99 84 131 83 70 99 110 89 1923. January February- • • March April 109 179 September October November December 61 64 59 84 100 84 51 56 42 61 89 65 125 65 109 144 70 112 133 105 48 85 79 90 83 89 29 83 77 72 80 110 16 82 56 78 9 (*) 39 89,932 84,374 70,024 71,400 71,745 65,764 77,521 83,881 43,785 37,282 26,819 16,122 8,910 4,821 35,077 36,951 27,143 27, 833 19,567 j 13,466 21,619 I 17,814 19,180 | 34,948 12,863 J 41,284 16,382 13,455 11,237 May.... June... July.... 1 2 8 4 5 Data from U. S. Department of Agriculture, Bureau of Agricultural Economics. Boston, New York, Philadelphia, Chicago, and San Francisco. Total of weekly figures with first and last weeks of month prorated. Includes whole milk, part skim, and full skim. Holdings on first day of month. Production compiled by months but issued quarterly; figures not available at time of going to press. e Average of weekly prices of creamery butter, 92 score, at Boston, New York, Philadelphia, Chicago, and San Francisco. * Average of weekly prices of American cheese, No. 1 fresh twins, at Boston, New York, Wisconsin, Chicago, and San Francisco. .263 10,684 I 27,691 11,319 I 21,430 14,580 15,00-3 15,757 10,745 110 7 .250 12,077 13,076 17,411 19,159 135 23 .251 .365 .375 .371 .363 155 150 I .293 48,412 35,047 22,582 9,113 130,633 203 11,387 ! 34,115 11,274 I 25,000 12,675 17,477 14,145 14,294 41,697 38,894 44,919 42,694 49 178 12,228 13,122 17,994 23,919 37,172 119,077 48 201 .502 .493 .455 .441 14,841 49 133 May.... June July.... August. 58,682 41,486 27,103 14,732 38,664 $0,310 38,147 .280 30,585 .216 30,828 .211 23,768 21,615 13,537 11,722 120 143 63 66,410 $0,593 25,771 16,281 59,341 22,126 13,814 .586 53,491 22,076 14,805 .429 52,745 21,871 16,958 .403 .425 .461 .451 .435 136 55 93 22,338 92,292 90,116 77,983 65,129 53 38 98 30,939 27,996 35,593 38,841 37,178 25,850 44,679 38,552 '"I;" 50,546 14 181 85 Dollars per pound. .316 .324 .392 .448 131 181 91 Thousands of pounds. 7,712 21,682 61,991 82,838 165 91 107 116 Cold- Whole-! Receipts storage sale hold- price, at 5 ings mar- (Amer- 5 markets. 2 ican).* kets.? 60,208 82,882 61,786 62,337 May.... J ime... July August. 1922. January February March April 56,364 51,825 53,939 50,305 70 96 1917 m o . av Dollars per pound. Production.3 B.—NUMERICAL DATA. 100 1916-1920 mo. av 1916 mo. av CHEESE. 46,635 45,163 42,969 34,055 .152 .153 .185 .200 .200 .214 .220 .206 .188 .200 .200 .216 .247 .249 .259 .256 .249 .241 j 129 POULTRY, EGGS, AND FISH. Table 82.—(A) INDEX LUMBERS AND (B) NUMERICAL DATA, From Government sources.1 [Base year in bold-faced type.] POULTRY. YEAR AND MONTH. Receipts at 5 markets. 3 EGGS. Coldstorage holdIngs.s FISH, POULTRY. ReI Cold- 1 Total 1 ColdColdceipts i storage I catch, storage Receipts storage at 5 Jholdlngs principal holdat 5 2 hold(case 1 fishing ings.* markets. 1 marings.a eggs).3 1 ports. 1 kets.s Ji tol91G!S>.|| Mativetol919. Relative to 1919. Thousands of pounds. 1916-1920 monthly average.. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average FISH. ColdTotal Receipts storage catch, Coldat 5 2 holdings principal storage (case fishing holdings. markets. eggs).3 ports. Thousands of cases.6 Thousands of pounds. B.—NUMERICAL DATA. A.—INDEX NUMBERS. 1917 monthly average.. 1918 monthly average.. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 1922 monthly average.. EGGS. 100 3,689 5 78 & 13,518 5 78 & 13,549 5 14,300 I 6 82 3,118 85 100 97 108 119 100 90 78 94 70 72 82 101 100 73 72 19,804 19,148 21,481 15,999 ! 40,352 66,565 46,853 48,224 54,569 1,188 1,027 1,229 1,357 4,472 3,413 4,089 3,355 4,132 5,102 92 107 61 100 16,936 | 18,549 i 62,501 17,358 | 61,764 15,675 | 45,296 13,608 | 44,268 16,260 I 35,288 57 23,554 i 78 68 54 46 24,523 14,260 10,963 10,191 79,025 81,096 79,001 62,315 648 1,168 1,977 2,498 408 43 43 1,926 11,869 14,806 14,059 10,048 48,320 42,116 33,411 28,444 43 52 65 77 10,719 11,874 10,392 15,128 47,651 35,408 27,268 21,188 2,101 1,539 1,129 1,100 4,909 6,844 7,534 7,605 11,920 17,505 14,983 17,267 26,346 32,311 40,160 47,431 95 99 18,400 21,525 | 47,674 62,124 20,064 25,602 34,876 65,167 919 732 399 538 7,210 6,269 4,380 2,403 14,870 16,667 10,235 9,065 54,469 58,899 61,228 59,126 1921. January.. February. March April 124 72 55 51 119 122 119 94 55 98 166 210 11 1 1 52 54 60 52 76 72 53 41 32 177 130 95 93 133 186 204 206 93 109 241 314 30 38 52 98 77 62 34 45 195 170 119 65 115 76 67 57 156 155 133 103 68 86 164 245 24 5 78 124 107 76 78 61 41 28 22,865 15,010 13,189 11,196 103,697 103,350 88, 710 68,470 805 1,026 1,947 2,911 179 13 950 13,539 21,472 18,623 13,160 48,320 37,621 25,475 17, 485 73 82 84 79 76 58 52 46 218 162 131 87 126 218 266 275 87 91 108 116 28 34 41 52 14,552 16,207 16,709 15,571 50,818 38,602 34,837 30,659 2,587 1,929 1,561 1,028 4,648 8,056 9,811 10,161 15,168 15,757 18,738 20,167 17,074 20,818 25,601 32,227 September. October November.. December.. 87 109 228 371 42 39 45 78 69 59 41 41 260 215 155 102 101 79 55 67 27,671 25,984 30,238 51, 781 815 702 491 79 17,229 21,489 45,171 73,458 9,608 7,924 5,726 3,257 17,671 17,602 13,715 9,505 41,427 54,755 54,503 48, 689 1923. January.. February.. March April 221 119 87 150 183 171 143 72 86 179 36 6 45 67 65 44 27 43,735 23,619 17,154 100,170 121,632 113,503 94,920 853 1,025 2,124 1,311 213 13 449 7,885 11,647 15,518 40,032 27,070 16,816 May.... June July.... August. September.. October November.. December.. 85 81 58 101 59 52 1922. January.. February. March April May.... June July.... August. 12 May.. June. July.. 8 4 Holdings on first of month. As of 15th of the month. & Excluding Portland and Seattle. 43622°—23- I Economics, except fish catch representing landings of fresh fish from vessels at Boston and ^rtment of Commerce, Bureau of Fisheries. f weekly figures with first and last weeks of month prorated. 6 One case of eggs equals 30 dozen, or about 45 pounds net. 7 Index number less than 1. 130 COFFEE AND TEA. Table 83.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government and non-Government sources.1 [Base year in bold-faced type.] COFFEE. Visible supply.6 Receipts COFFEE. TEA. Clearances from Brazil. To United Brazil.* Total.3 United YEAR AND MONTH. World total. States. States. 4 Imports into U.S. Imports into U.S. Receipts World total. United 1917 monthly a v . . 1918 monthly a v . . 1919 monthly a v . . 1920 monthly a v . . 1921 monthly av.. 1922monthly av.. 1OO 121 1OO 94 90 122 111 99 89 112 111 135 107 104 131 127 138 129 107 155 142 128 82 121 134 147 82 72 139 61 103 106 132 102 63 61 80 84 136 91 66 75 89 58 90 162 143 92 89 111 101 131 148 77 75 60 94 105 127 137 98 109 104 73 55 163 53 108 92 113 121 78 88 101 62 July August 75 74 73 77 99 98 111 62 90 127 101 79 125 95 September... October November December 77 76 75 77 89 121 123 102 117 107 131 171 84 69 103 112 62 110 116 199 165 112 69 123 96 110 202 135 January February March.. April 79 85 111 127 127 158 85 78 73 77 106 98 83 141 61 96 86 117 108 118 170 127 133 80 68 May June.. . July August 76 May 1921. .. Juno „ Imports into U.S. Imports into U.S. Thousands of pounds. Thousands of bags.& 1OO 1OO 125 121 84 Total.3 To United States.4 B.—NUMERICAL DATA. 1OO 1OO in Brazil.- States. A.—INDEX NUMBERS. 1909-1913 mo. av 1913 monthly a v . . 1 0 0 1914 monthly a v . . 99 1915 monthly a v . . 80 1916 monthly a v . . 78 Clearances from Brazil. Visible supply." Relative to 5-year average. Relative to 1913. TEA. 75,659 8,241 11,797 11,679 9,441 9,200 1,894 1,689 1,072 1,103 474 1,970 1,249 1,261 544 102,438 97,241 8,493 7,187 7,425 7,770 8,891 8,839 2,633 1,009 1,014 610 107,209 10,566 1,960 1,162 1,261 762 813 536 91,788 359 111,130 11,044 6,747 8,663 8,720 8,639 9,034 9,032 8,920 8,867 9,076 1,593 955 990 1,151 1,207 393 491 71,044 7,418 84,256 8,151 8,842 8,814 1,691 558 831 891 637 108,118 7,567 1,686 1,140 1,064 1,003 513 6,374 894 1,036 499 111,956 103,837 8,093 2 058 994 123,191 4 383 1,079 727 776 218 2,037 345 76,762 5,094 1,747 1,154 975 386 83,703 5,080 1 710 1,216 998 310 94,897 7 844 1 685 1,156 1,121 1,218 514 63,546 8 391 1,306 1,060 673 78,174 9 220 1,175 1,055 783 1 298 1,171 1,145 952 124,955 152,776 9 258 11 162 9,263 9 234 9,404 9,185 1,616 1 387 1,064 1 009 1,259 499 327 119,353 968 6,966 5 030 1 453 1,195 913 821 1,159 1,072 464 667 100,455 8,944 8 872 8,577 8,600 1,039 765 122,093 438 703 754 337 1 146 1,086 1,124 337 657 732 325 1,089 1,041 425 95,060 90,591 69,166 433 1922. September October November December 1923. January.. February. March April May June July 80 78 75 73 73 63 55 61 57 59 80 71 86 161 68 46 69 76 126 120 65 - 74 86 83 114 105 108 91 117 74 72 48 99 109 50 108 154 141 212 72 44 104 119 70 51 104 97 67 52 105 65 43 93 63 58 59 64 52 55 7 78 87 7 96 216 188 177 161 122 173 110 124 176 153 106 120 211 77 117 153 27 68 54 124 8,775 8 513 8 461 8 242 7 953 7 721 7,491 6 936 6,104 904 948 940 1 033 554 1,083 1 521 835 106,847 96,132 7 6,617 5,593 5,634 5,367 7,208 9,657 59,318 134,273 * 7,938 17 821 838 993 1,175 738 121,737 10,239 957 993 959 481 131,016 9 048 976 1 004 1,226 693 115,608 8 738 819 889 1,187 828 1 090 739 1,155 601 1 208 257 669 212 1,033 I 1 Data on coffee except imports received from the New York Coffee and Sugar Exchange, Inc.; Imports of coffee and tea from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 1 Represents total receipts at Rio and Santos. Represents tota lclearances from Rio, Santos, and Victoria. Represents tota lclearances from Rio, Santos, Victoria, and Bahia. A bag of coffee averages 132 pounds. « Given as of the 1st day of the month. 7 Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days inHucied with October. 8 4 5 131 PRODUCTION AND STOCKS OF SUGAR. Table 84.—NUMERICAL DATA. From Government sources.1 1 YEAR AND MONTH. Production, refined. Sales, refined. Stocks, end of month, refined. Stocks, Receipts, end of raw. month, raw. '' CANE SUGAR. REFINERIES. Production. Stocks, enclof month. Sales. npiiv- BEET SUGAR. Production. Jjellverles * Stocks, end of month. Sales. Deliveries. ; Short tons. 1922. July August September October November December 1923. January February March April ! 500,116 492,634 95,719 562,971 313,457 4, 447 10,660 541,104 312, 756 130,236 573, 244 280,939 1,108 4,737 356, 770 200,074 226, 668 276,138 182,951 653 2, 457 306,049 486,020 143,118 248, 427 105, 868 12, f,09 4,307 11.971 317,410 287,389 164,108 336,335 104, 732 99,227 23, 203 222,033 128,342 177,470 168, 598 40,947 107, 682 294,652 582,103 186,578 251,028 71,053 38,014 i None. 5 836 89,514 54,977 29,680 49,035 19,033 33,124 10,749 212,334 218,844 109,309 72, 525 79,662 80,160 298, 332 428,066 69,306 89,110 46, 907 83, 702 83,935 107,421 477,780 36,463 57,707 29,450 56,902 55,471 5,241 419,167 68, 449 63, 854 257 307,557 146,989 111,867 j II May July 1 Compiled by the U. S. Department of Commerce, Bureau of the Census. No figures are available prior to July, 1922. WAGES, COMMON LABOR.1 Table 85.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from trade and commercial sources.1 [Base year in bold-faced type.] Relative to 1913.2 Per hour. Per hour. Per 10-hour day. YEAR AND MONTH. YEAR AND MONTH. A.—INDEX NUMBERS. February 1,1913.. February 1,1916.. May 1,1916 December 16,1916 May 1,1917 October 1,1917... April 16,1918 August 1,1918.... Relative to 1913.2 Per 10-hour day. 100 110 $0.20 .22 125 .25 138 .275 150 .30 165 .33 190 .38 210 1 2 3 A.—INDEX NUMBERS. B.—NUMERICAL DATA. .42 $2.00 2.20 2.50 2.75 3.00 3.30 3.80 4.20 October 1,1918... February 1,1920.. May 16,1921 July 16,1921 August 29, 1921... September 1,1922. April 16,1923 231 253 204 185 B.—NUMERICAL DATA. 3 SO.42 .46 .37 *.37 150 .30 180 .36 200 .40 In effect in plants of United States Steel Corp. in the Pittsburgh district beginning on dates mentioned. Per 10-hour day. Basic 8-hour day adopted with provisions for payment of time and a half for overtime. * Basic 8-hour day abrogated. $4.62 5.06 4.07 3.70 3.00 3.60 4.00 132 SUGAR. Table 86.—INDEX NUMBERS. Based on data from Government and non- Government sources.1 I Base year in bold-faced type; numerical data on opposite page.] EX! PORTS. RAW SUGAR. CUBAN MOVEMENT. PRICES. Wholesale. YEAR AND MONTH. Receipts, LouisiImports. ana crop at New Orleans. Meltings.2 Stocks, at refineries.2 Refined, including maple. Retail. |_ Raw, 96° centrifugal, N.Y. Granulated, Index, in bbls., 51 cities N.Y. Receipts, Cuban ports. Stocks, end of month. Relative Relative to 1913. 1909-1913 m o n t h l y a v e r a g e . 1913 m o n t h l y average 1914 m o n t h l y average 1915 m o n t h l y average 1916 m o n t h l y average Relative to 1919. to 19091913. 1OO 65 492 1,214 1,992 100 115 112 117 1OO 62 53 87 105 109 149 170 131 206 59 45 50 29 54 57 79 1OO 104 92 130 85 1OO 110 157 437 January... February. March April 65 151 213 219 26 8 10 8 40 80 133 107 May June July August... 166 95 70 145 September. October November. December.. Relative to 1913. Relative to 1919. 100 133 165 1OO 110 130 161 1OO 108 120 146 1,274 5J3 1,859 1,164 1,176 2,314 179 183 215 372 137 133 181 182 209 297 144 139 169 176 205 353 146 133 110 120 181 258 866 593 387 441 153 151 173 155 177 166 184 170 176 162 176 176 25 104 92 95 127 276 264 167 140 2,039 2,067 2,272 2,012 140 120 127 134 148 133 128 137 80 92 118 100 13 50 231 245 81 85 82 78 144 75 86 65 1,206 585 573 1,077 123 119 117 106 January... February. March April 179 255 326 269 50 18 6 7 90 128 165 164 90 172 287 332 2,159 2,045 3,673 4,149 May.... June July.... August. 254 264 257 242 7 13 16 24 178 164 163 166 285 290 324 276 September. October November., December.. 3 99 110 137 81 11 15 234 283 96 86 95 70 137 209 9 4 6 77 105 157 150 1917 m o n t h l y a v e r a g e . 1918 m o n t h l y a v e r a g e . 1919 m o n t h l y a v e r a g e . 1920 m o n t h l y a v e r a g e . 1921 m o n t h l y a v e r a g e . 19.22 m o n t h l y a v e r a g e . . 100 100 100 100 87 89 95 j 95 100 I 103 77 175 77 141 221 215 193 155 208 202 114 133 143 152 191 153 142 129 136 144 53 29 40 75 41 46 87 215 122 213 190 131 122 121 117 133 125 122 118 19 11 31 47 30 37 76 72 184 171 150 142 104 107 112 114 112 115 121 122 113 116 118 122 60 154 261 218 37 61 157 158 18 64 124 155 4,959 5,560 3,010 1,358 116 131 147 148 123 137 154 158 120 129 138 147 168 104 89 56 174 166 162 108 162 131 101 72 189 99 72 47 436 200 132 90 138 155 160 163 146 154 160 162 144 144 147 151 27 19 14 26 66 59 59 31 53 36 8 7 84 130 298 343 160 997 1,071 151 176 208 223 158 171 201 215 151 158 185 152 207 261 171 95 146 199 142 43 71 101 117 1921. 27 1922. 1923. January... February. March April May.. June. July.. See footnotes on opposite page. 133 SUGAR. Table 87.—NUMERICAL DATA. Based on data from Government and non- Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] RAW SUGAR. Receipts, LouisiStocks, ana Imports. crop at Meltings.^ at refineries2 New Orleans. Y E A R AND M O N T H . EXPORTS. Refined, including maple. WHOLESALE PRICE. CUBAN MOVEMENT. Raw, Granulated, Receipts, 96Q in Cuban centrifports. bbls., ugal, N.Y. N. Y. Exports. Stocks, end of month. I Per pound. Long tons. 1909-1913 monthly average. 1913 monthly average 1914 monthly average 1915 monthly average 175,664 201,437 196,569 205,716 10,109 8,501 14,050 1919 monthly average.. 183,802 192,219 261,149 1920 monthly average.. 1921 monthly average.. 1922 monthly average. 298,685 229,266 361,7S9 9,545 7,286 8,154 4,704 8,812 9,236 2,953 1,926 14,524 35,838 58,812 16,184 1916 monthly average $0,035 .038 .047 .058 $0,043 .047 .056 .069 .063 .064 .075 .130 .048 .047 .077 .078 . 089 .126 .062 .059 .076 257,174 325,233 95,428 338,430 299,891 423,659 105,357 150,022 195,854 37,602 15,152 54,891 34,371 34,739 68,341 4,279 1,248 3,604 1,224 130,610 261,686 433,186 347,499 105,275 114,476 172,679 245,904 25,583 17,503 11,428 13,022 .054 .053 254,931 671 1,035 4,400 4,029 339,850 298,372 309,800 414,545 263,539 251,827 159,416 133,421 141,103 161,695 206,865 176,462 2,063 8,125 37,394 39,675 262,817 277,910 268,283 254,135 January.. February. March April 314,939 448,321 571,836 473,137 8,039 2,895 909 1,206 May.... June July.... August. 446,678 460,480 451,011 425,960 174,232 193,092 239,966 141,821 2,400 37,912 45,824 1917 monthly average.. 1918 monthly average.. 81,311 Long tons. 330,192 325,273 644,484 288,005 314,662 329,161 290,391 309, 747 335,519 496,806 1,130,682 499,290 .061 .054 465,925 730,565 709,262 635,836 504,534 675,218 655,611 372,208 857,767 .071 .078 .073 1,231,716 60,197 61,040 67,096 59,400 .049 .047 .044 .047 .063 .057 .055 .058 474,426 174,348 95,777 130,619 244,109 133,535 149,774 283,340 1,383,036 1,431,143 1,372,605 1,225,285 137,390 71,664 82,253 62,419 35,617 17,261 16,908 31,817 .043 .042 .041 .037 .056 .052 .052 .050 63,030 35,780 103,718 156,660 98,745 120,386 245,669 233,838 1,183,488 1,103,449 967,515 913,486 291,601 415,723 535,357 531,962 85,602 163,817 273,811 316,973 63,766 60,390 108,468 122,516 .036 .038 .039 .040 .048 .049 .052 .052 199,102 507,361 861,174 720,509 121,775 198,821 512,251 512,430 115,786 414,512 7«9,619 997,291 1,187 2,066 2,609 3,939 577,330 532,052 530,334 540,024 271,890 277,150 309,413 262,959 146,454 164,184 88,887 40,100 .041 .046 .052 .052 .053 555,852 342,736 294,169 183,441 565,350 540,354 526,849 349,979 1,043,420 844.622 650,164 460,987 1,842 312,909 280,003 309,274 227,333 180,577 94,043 69,185 44,828 12,870 5,896 3,893 2,671 .048 .054 .056 .057 .063 .066 .068 .069 90,378 61,713 46,013 87,489 213,728 191, 770 191,160 101, 760 341,329 228, 902 49,495 45,349 251,140 342,715 510,653 486,421 80,617 124,164 284,800 327,081 4,718 29,438 31,630 .053 .067 .073 .086 .092 501, 271 681,939 861,736 563,325 309,831 474,764 647,008 461,321 276,288 460,009 653,692 756,155 I 1921. January February March April 113,618 265,898 I 374,090 385,079 May.. 381,651 June.. July.. 166,017 123,782 August j I September.. | October ! November.. December.. 918.621 980,071 1922. 3 September... October November... December... .059 1923. January.. February. March April 240,034 33,899 1,506 728 .062 .073 .078 May.. June.. July.. 1 Receipts, stocks, and meltings and Cuban movement reported by the Statistical Sugar Trade Journal: Imports and exports from U.S. Department of Commerce, Bureau of Foreign and Domestic Commerce; Wholesale and retail sugar prices, from U. S. Department of Labor, Bureau of Labor Statistics. 2 Figures include reports from seven ports: Boston, New York, Philadelphia, Savannah, New Orleans, Galveston, and San Francisco until 1921, when Baltimore was added upon completion of refinery in that city. Prior to that year it is stated that little sugar moved through Baltimore. Meltings are calculated from weekly reports, the odd days being prorated. Stocks represent the amount of raw sugar in the hands of refiners on the dates nearest the end of the month as reported for each port. 3 Covers first 21 days only, during which period the old tariff law was in effect. 134 TOBACCO. Table 88.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] MANUFACTURED PRODUCTS. UNMANUFACTURED. Consumption (tax-paid withdrawals). Stocks.* ProducSales, tion loose leaf Exports, Chewing, (crop smoking, wareleaf. esti- 5 houses. snuff, mate). and export types. YEAR AND MONTH. I Relative j to ; ! 1909-1913. 1909-1913 monthly average Wholesale price. Cigar types. Burley, ManuTotal, including good leaf, factured imported dark red, tobacco Louisand types. ville. snuff.3 Relative : Relative to 1919. Large cigars.* Small cigarettes.* Exports. Cigarettes. Relative to 1913. to 1000-101.'{. 100 1OO 1913 m o n t h l y average 96 117 100 100 1OO 1OO 1OO 1OO 1OO 1OO 1914 m o n t h l y average 104 92 103 93 101 111 99 95 108 104 1915 m o n t h l y average 107 114 113 109 104 100 87 115 90 116 126 105 99 115 105 93 163 184 1917 m o n t h l y average 125 1918 m o n t h l y average 144 67 107 203 124 137 114 110 120 126 124 148 142 149 133 145 138 131 1916 m o n t h l y average 1919 m o n t h l y average ! ! 1920 m o n t h l y average 147 5 1OO 159 1921 monthly # avcrage ! 107 90 1922 m o n t h l y average | 133 51 75 99 169 109 100 227 303 77 87 277 112 93 300 524 112 245 96 93 341 699 114 259 90 105 287 683 92 131 222 87 89 327 368 102 130 208 95 91 344 495 246 73 73 301 246 81 79 318 419 246 96 345 443 246 84 293 337 218 85 319 220 208 93 326 134 208 87 89 321 65 208 100 99 396 342 407 1921. January February.. March April 162 258 173 26 May June July August 9 4 15 64 September. October November. December.. 95 59 100 76 102 139 107 128 151 169 168 105 138 93 124 168 152 97 135 208 91 125 94 97 370 208 101 101 377 306 208 140 83 97 327 432 73 231 424 405 413 519 481 208 1922. January February.. March April 91 24 6 May June July August 2 1 142 62 136 64 136 102 136 September. October.... November. December.. 2 143 71 133 105 186 127 118 70 88 71 103 84 241 280 208 85 79 266 208 97 90 355 567 208 127 95 103 92 145 92 208 109 208 208 127 103 82 105 130 103 98 409 610 405 492 362 100 99 428 594 208 97 110 347 561 91 108 349 443 208 118 93 102 208 103 96 112 208 123 208 208 131 71 273 439 545 1923. January... February. March April 70 43 28 133 85 101 132 121 413 119 150 100 88 80 208 164 208 208 94 99 91 470 357 394 485 208 May June July See footnotes on opposite page also. 1 Stocks held by manufacturers and dealers reported by the U. S. Department of Commerce, Bureau of the Census; Production of manufactured tobacco and snuii, cigars. and cigarettes by the U. S. Treasury Department. Bureau of Internal Revenue; Crop production by the U. S. Department of Agriculture, Bureau of Agricultural Economics, Exports by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; Wholesale prices from U. S. Department of Labor, Bureau of Labor Statistics, Sales of tobacco from loose-leaf warehouses compiled by Federal Reserve Board from reports of State authorities of Kentucky, North Carolina, South Carolina,and Virginia, which states grow about 75 per cent of the total tobacco crop. 2 Held by manufacturers and dealers on first day of each quarter. Yearly figures are quarterly averages. 135 TOBACCO. Table 89.—NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] MANUFACTURED PRODUCTS. UNMANUFACTURED. Wholesale price. Stocks.2 YEAR AND MONTH. Sales, Production loose leaf Exports, Chewing, (crop waresmoking, estimate) houses. leaf. snuff, and export types. Cigar types. Consumption (tax-paid withdrawals). Exports. Burley, ManuTotal, good factured including leaf, Large Small imported dark red, tobacco cigars.4 cigarettes.4 Cigarettes. and types. Louis- snuff.8 ville. Dollars Thouper 100 sands of pounds. pounds. Thousands of pounds. 1909-1913 m o n t h l y average 1913 m o n t h l y average 1914 m o n t h l y average 1915 m o n t h l y average 1916 m o n t h l y average 996,176 31,417 953,734 36,754 1,034,679 1,062,237 1,153,278 28,827 35,877 39,784 835,462 915,451 853,156 344,971 361,114 313,142 1,244,524 1,343,396 ! 1,225,555 I 14.65 13.79 15.23 36, 745 36,863 38,847 1917 1918 1919 1920 1921 1922 1,249,276 1,439,071 1,465,481 1,582,225 1,069,693 1,324,840 82,149 65,280 74,254 41,601 21,186 33,656 63,826 38,946 42,946 35,907 889,484 970,465 1,018,253 1,001,387 1,199,209 1,147,767 277,846 283,495 296,095 323,643 340,656 377,769 1,217,963 1,073,084 1,381,713 1,408,311 1,621,288 1,605,059 22.30 36.57 32. 35 34.18 29.28 27. 50 133,397 212,073 142,286 21,577 46,852 41,735 45,445 43,320 1,061,696 297,472 1,446,914 1,363,499 367,854 1,818,781 932,157 889,266 7,753 3,367 12,248 52,939 40,220 47,328 53,156 52,815 948,324 991,564 1,020,874 1,069,693 48,421 62,764 113,873 80,352 33,009 43,465 29,236 38, 772 January February.. March April 80,076 74,772 19,645 4,582 32,265 25,635 32,967 40,704 May June July August 1,414,641 1,425,000 1,338 1,196 1,953 50,655 39,844 29,991 32,319 28,958 September. October November. December.. 1,353,000 1,353,000 1,355,000 1,324, 840 52,413 83,778 58,241 70,560 33,102 58,353 39, 787 36,955 57,463 34,998 22,626 41,652 26,740 31,641 Thousands. m o n t h l y average. m o n t h l y average. m o n t h l y average. m o n t h l y average. m o n t h l y average. m o n t h l y average. 3 36,990 630,959 1,296,308 193,234 597,849 549,932 586,844 1,404,636 1,497,029 2,107,525 200,602 173,015 354,889 40,24S 41,423 35,339 33,324 32,208 35,019 629,991 587,796 589,363 661,418 563,218 574,300 2,944,272 3,888,075 4,426,649 3,718,526 4,238,423 4,463,752 584,977 1,012,128 1,350,981 1,319,489 711,973 956,334 32.50 32.50 32.50 32.50 27,153 30,007 35,478 31,056 462,798 496,724 561,344 548,104 3,901,560 4,119,377 4,470,292 3,801,672 1,723,331 810,189 856,801 650,790 28.75 27.50 27.50 27.50 31,351 34,539 32,018 36,873 555,479 618,495 564,599 622,039 4,136,085 4,219,727 4,161,218 5,136,577 425,908 259,558 125,710 660,333 27.50 27.50 27.50 27.50 34,803 37,414 30,772 25,035 614,428 635,808 615,171 463,624 4,797,398 4,881,826 4,235,407 2,999,935 787,162 590,472 834,670 818,752 27.50 27.50 27.50 27.50 34,215 32,456 38,120 31,376 443,261 447,226 529,162 501,394 3,705,516 3,125,819 3,636,032 3,453,061 781,738 797,423 1,002,398 928,955 27.50 27.50 27.50 27.50 35,846 38,233 35,449 41,476 569,209 615,253 585,874 641,164 4,601,373 5,301,643 5,246,812 6,373, 890 1,094,728 1,179,420 700,044 1,052,855 27.50 27.50 27.50 27.50 37,108 35,755 33,838 26,361 625,772 693,941 679,300 561,042 5,554,301 1,148,533 4,497, 685 1,084,477 4, 524, 272 856,247 3,544,624 849,188 27.50 27.50 27.50 27.50 37,090 32,611 36,451 559,183 507,266 674,515 5,349,771 4,623,431 5,043,327 810,469 369,802 1,234,013 $13.20 j | | | ! 1921. January February.. March April May June July August September. October November. December.. 1,235,156 359,095 1,672,017 1,136,484 338,202 1,547,440 1,174,8 313,316 1,561,848 1,303,255 401,633 1,784,551 1922. 1,119,605 413,540 1,616,396 993,398 382,586 1,457,439 1,068,042 346,604 1,491,301 1,327,731 441,590 1,846,555 1923. January... February. March April 907,729 761,695 937,438 May June July See footnotes on opposite page also. Represents the total of plug, twist, fine-cut, smoking tobacco, and snuff. * The Internal Revenue reports the number of large cigars, i. e., those weighing over three pounds per thousand, and the number of small cigars weighing less than the above amount. Likewise they report the number of large and small cigarettes, the former weighing more than three pounds per thousand. Large cigars and small cigarettes represent more than 90 per cent of the total number manufactured in each case and are the only ones given in this table. & Yearly figures on crop production represent the latest revised estimates as reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics. The 6monthly figures for 1921 and 1922 are the current monthly estimates of total production. Partly estimated. Kentucky sales for first half year not available and are estimated as equal to the sum of the sales in the other States, which is approximately the normal proportion of Kentucky sales to the total. 3 136 TRANSPORTATION—WATER. Table 90.—INDEX NUMBERS. Based on data from Government and non-Government sources. [Base year in bold-faced type; numerical data on opposite page.] MISSISSIPPI RIVER CARGO TRAFFIC. CARGO TRAFFIC THROUGH CANALS. New York State CaRenals.s ceipts at St. Louis. In In Ameri- British Total Total Total can vessels. cargo. cargo. cargo. Panama Canal. 2 YEAR AND MONTH. Sault Ste. Marie3 Canal. Shipments from St. Louis. vessels. 1 Relative to 1915. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average INDEX OF OCEAN FREIGHT RATES.* VESSELS IN FOREIGN TRADE. Entered. Governmentowned barges. Ameri- Forcan. eign. ForTotal. Ameri- eign. can. Relative to 1913. Relative to 1913. Rel. to 1919. United States, Atlantic ports to- Cleared. Total. United Kingdom. AH Europe. Relative to January, 1920. R e l a t i v e t o 1913. | 1OO 1OO 1OO 1OO 1OO 69 80 50 103 1OO 1OO 88 1OO 93 91 80 93 90 93 100 100 1OO 1OO 89 71 42 112 113 85 92 107 87 39 71 63 115 62 45 120 129 86 97 123 90 99 67 154 144 113 50 39- 141 141 74 92 133 76 92 84 100 96 119 154 107 45 29 145 131 65 82 125 68 126 85 141 86 48 59 231 1OO 155 63 86 167 68 95 208 129 192 99 55 84 349 153 228 82 120 227 87 126 237 169 236 61 56 71 609 423 221 79 117 201 84 116 44.9 36.0 300 184 280 83 70 78 411 571 225 85 122 211 85 120 . 29.0 25.5 228 187 126 195 62 49 89 395 394 210 88 120 162 90 112 50.6 40 1 106 171 81 83 115 472 441 226 91 124 237 96 137 42.7 37.6 173 131 174 82 97 80 840 513 221 97 128 201 104 42.5 36.8 209 110 206 75 91 131 934 668 245 101 139 206 100 131 129 42.9 36.7 211 114 185 65 40 978 507 228 85 122 247 90 134 41.8 210 200 242 67 124 91 60 767 458 232 79 119 216 83 120 37.0 36.0 32.3 195 129 210 33 121 94 685 388 247 72 118 220 68 110 190 234 10 17 49 658 676 217 71 109 195 80 112 33.5 32.4 28.8 188 7 100.0 7 100.0 1921. May June July August ... September October November. December 1922. January February March. April.. j 27.2 198 151 198 1 628 700 167 53 88 164 60 89 31.7 27.1 208 151 206 1 136 700 15G 70 93 148 67 90 34.7 29.1 252 157 236 25 352 645 181 80 107 83 108 33.1 28.3 274 162 257 6 72 346 651 IS 4 184 174 191 77 109 27.3 25.4 May June... . July August 334 174 151 839 790 123 210 79 115 27.9 25.7 61 144 427 90 125 61 181 149 183 286 103 86 83 597 259 105 107 27.5 28.8 309 679 380 94 102 25.7 103 147 210 244 232 126 297 795 819 244 222 80 146 200 33 81 42 264 264 284 240 September October November December 298 203 141 244 106 236 279 355 106 356 89 142 269 86 145 137 357 206 483 242 425 222 526 205 1923. January February March.. 271 101 141 138 110 76 74 291 250 77 80 119 276 350 113 95 91 316 170 425 456 209 133 113 276 171 139 18 83 78 87 377 87 31 239 289 272 82 391 172 86 109 150 384 130 72 87 127 j ir.o 88 107 145 , 29.2 25.9 24.6 27.0 23.4 25.3 22.7 28.0 27.1 24.0 107 83 102 25.3 22.9 78 92 21.8 21.1 88 104 24.4 May... June July 23.1 21.9 22.6 22.6 1 i See footnotes on opposite page also. i Panama Canal traffic reported by The Panama Canal; Tonnage entered and cleared in foreign trade, U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; Sault Ste. Marie Canal traffic, U. S. War Department, Engineer Corps; New York State canal traffic from New York State Superintendent of Public Works; receipts and shipments of cargo by river at St. Louis (almost all by Mississippi River) from Merchants Exchange of St. Louis; Cargo tonnage on Government-owned barge line (rom U. S. War Department, Mississippi- Warrior service; Index of ocean freight rates from the Federal Reserve Board, Division of Analysis and Research. * Represents tonnage of cargo carried by commercial vessels. Yearly figures refer to fiscal years ending June 30. 8 Figures for 1913 to 1922 represent monthly averages for eight months during which the canals are usually open. * The index of ocean freight rates represents rates to 7 ports in the United Kingdom and a total of 17 ports for all of Europe. The index numbers are weighted by the geometric means of these rates. The weights include the relative importance of each port and also the relative importance of the 5 principal products—grain, provisions, cotton, cottonseed oil, and sack flour. 137 TRANSPORTATION—WATER. Table 91.—NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] ! CARGO TRAFFIC THROUGH CANALS. P a n a m a Canal. 2 Y E A R AND MONTH. In American vessels. In British vessels. Total cargo. 1918 1919 1920 1921 174 856 229,907 378,928 mo. mo. mo. mo. av av av. av. 1922 mo. av. 1921. May June July 122 977 431,613 540,378 Total cargo. 17,594 8,738 265 232 185 7,414 7,883 6,923 627 669 217 973 576,385 156,412 781, 208 235,856 961,61)1 310,161 337,792 1,142,549 10,710 8, 529 166 177 203 208 262 5,038 10,449 14,827 12,548 5,754 9,174 13,845 24,133 16,313 15,745 20 175 9,910 6,032 8,259 August 380,367 202,004 839,273 7,498 105 179 211 197 September . October November.. December.. 384,101 383,083 356,019 754, 894 343,185 209,475 367,495 236,625 349,270 6,482 6,652 3,265 1,031 269 198 262 37 360 282 380 12Q 459 9 64 498 862 277 276 287 297 608 539 480 466 481 625 563,512 318 813 I 158 507 977 507 268 475 366 746 1 211 100 335,516 1,165,950 3 317 8,066 10 235 10,286 542,639 649,367 651,015 880,831 371, 801 432,190 378, 635 443,471 10,986 11,233 9,468 1,838 775 339 959 293 407 170 1 591 932 376 279 1 563 278 May ,Tunftt July August September. October.... November.. December.. 1923. Januarj 7 .. February March April... 807 298 838 074 %0 ()89 046 047 1,138,188 1, 445,863 1, 426, 860 1,535,102 American. Foreign. Total. 1,174 1 033 1 233 1 512 1 65S 3,264 3 028 2 768 2 803 2 416 4,440 4 061 4 101 4 315 4 074 1,250 1,000 1,340 1 537 1,666 3,233 3,017 2,826 2,895 2,467 4,483 4,017 1 538 1,828 2,678 2 121 2,064 2,667 2,590 3 659 3,892 5,344 5,182 1,563 2,083 2,836 2,507 2,184 2,189 2,816 2,704 2,787 5,423 2,639 2,756 3,748 4,271 5,653 5,211 5,395 2 861 2 962 3,164 5 324 5 616 5,757 6,172 2 114 3 059 2,513 2,582 2 910 3 094 3,362 3,223 6 153 5,875 5,805 2,759 5,435 2,577 ! 5,295 5,245 2,350 4,859 2,306 ! 3,092 2, 702 2,748 2,434 2,903 2,096 2,200 2,586 5,021 3 894 1 931 2 295 J 4 127 2,626 4 753 2 459 I 4 627 2,051 1 856 2,181 2 389 1 2 2 2 3 4 4 4 8,731 13,392 36,939 49, cS41 2,592 2,636 4,166 4,433 4,133 5,024 639 34,412 38 476 2 463 9 054 14,155 23,050 15,665 18 725 33,310 37,050 44, S29 5S,345 2, 593 2, S85 6,985 10,535 16,480 8,575 38, 785 30,420 27,155 26,085 44,263 39,984 33,843 59,062 2,676 2,718 2, 895 24 890 5,405 13 940 13,725 61 61 56 56 1 1 2 2 26 525 6,155 8,079 8,139 293 073 319 169 1 Total. 130 100 4 365 12,680 792 735 694 720 708,982 985,775 855,440 953,053 13,637 Foreign. T h o u s a n d s of n e t tons. 6 4,437 4,750 5,609 407,871 257 843 588 214 230 217 194 407 239, 850 1923. January February March April. American. 3,965 4,078 183,376 130 888 282 813 Cleared Entered Governmentowned barges. Tons. 372 297 341 235 316,221 415 794 Shipments from at St. St. Louis. Louis. Receipts 9,965 6,921 8,911 11,486 11,227 1913 mo av 1914 mo av 182,325 70 738 Total cargo. V E S S E L S IN FOREIGN TRADE. New York State Canals.' Thousands of short tons. Long tons 1915 mo. av 1916 mo av 1917 mo av Sault Ste. Marie Canal. 3 M I S S I S S I P P I RIVER j CARGO TRAFFIC. 1 33 250 16,935 2 870 2 603 3 187 3,035 5,471 2 601 2 945 j 5 548 6 622 3 435 6,540 3,505 2,621 2 625 3 053 2,903 2,554 3 028 3 286 3,274 5 175 5 653 6 339 6,178 2,553 144 127 329 871 963 832 127 168 3,287 935 169 684 495 5,995 5,398 4,949 986 025 864 884 227 226 321 25,415 31,890 14,650 26 920 15,055 69 000 69,415 71 545 52,125 281 2S7 338 13,075 14,055 15,260 5,495 11,530 4,720 12,535 16,855 21, 786 24,134 14, .837 39,779 2,808 3,390 3,193 2,456 3,470 2,897 2,722 2,562 6,278 6,287 5,915 5,018 3,050 3,358 3,446 2,132 3,429 2,778 2,799 2,643 6,479 6,136 6,245 4,775 37 316 | 2 021 1 527 1 882 2 799 2 352 2 883 4 821 3 878 4 765 1 873 1 587 1 817 2 678 2 526 2 833 4 552 4 113 4 650 May.. . June.. July.. I 1 See footnotes on opposite page also. & About two-thirds of this traffic is through the Erie Canal and one-third through the Champlain Canal. Figures for 1913 to 1922 represent monthly averages for seven months, during which the canals are usually open. • Net ton represents 100 cubic feet internal carrying capacity after prescribed allowances for crew and engine space. 1 January, 1920. 138 FREIGHT-CAR MOVEMENT. Table 92.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] SURPLUS. 2 YEAR AND MONTH. Box cars. Coal cars. BADORDER CARS.e SHORTAGE.* Total cars.3 Box cars. Coal cars. Total cars.3 September October November December 1922. January February March . . April May June July August October November December 1923. January February March. . . . April 36 153 217 Ore. Merchandise L.C.L., Total.* and miscellaneous. Relative to 1919. 1OO 1OO 1OO 1OO 111 13 227 616 339 108 156 204 179 6 11 8 205 58 120 91 140 377 213 467 347 89 94 100 110 87 78 1OO 106 84 100 1OO 118 46 81 79 94 90 84 24 24 18 15 87 88 73 79 63 78 81 85 82 • 92 86 79 1OO 206 100 89 113 122 91 88 218 120 171 2 3 3 127 103 96 99 211 229 218 2 2 3 141 86 208 337 262 217 303 255 94 95 86 84 75 74 161 1 179 1 3 16 3 205 98 81 226 104 83 89 88 235 145 73 82 249 154 84 88 189 218 208 178 215 197 1 1 1 5 113 84 214 170 20 173 130 3 51 28 130 91 42 13 139 176 1 233 293 149 248 161 193 175 116 129 129 108 96 1 2 2 115 311 109 196 3 2 1 2 9 85 73 259 161 195 174 179 92 6 7 87 10 75 158 103 72 37 189 329 243 5 2 3 2 350 927 479 1,126 1 6 3 3 355 5 8 202 8 3 4 10 6 5 14 8 7 26 5 (6) 43 79 82 3 15 46 1 1OO 1OO 103 106 96 94 112 105 79 85 84 85 93 87 95 87 96 95 97 95 95 94 103 101 76 57 21 15 108 105 118 99 90 116 92 248 142 91 92 241 130 112 111 229 212 97 87 108 96 88 3 2 2 3 208 219 222 129 131 106 99 95 108 86 12 11 89 88 92 96 212 84 7 217 20 226 108 102 215 229 129 144 539 741 213 132 193 1,020 553 870 343 141 916 178 923 162 697 303 334 285 137 28 103 None. 1 (5) 88 74 94 85 55 82 74 93 14 105 102 41 99 26 110 91 90 47 107 98 53 110 49 144 114 89 119 106 81 43 116 103 56 97 102 170 90 177 118 109 106 122 97 100 140 134 110 105 125 119 124 117 124 166 136 118 111 109 118 130 102 107 100 77 25 118 150 103 105 29 28 36 52 102 106 105 106 118 114 123 117 143 121 105 109 118 139 106 97 105 117 143 105 99 95 105 132 96 100 136 137 May July Coal. Forest products. 94 100 3 12 to to May June July August . . . . Live stock. 88 8 36 100 19 co 1931. January February March April Grain and grain products. Relative t o 1913. Relative to 1919. 1916 monthly av. 1917 monthly av... 1918monthly av... 1919monthly av... 1920monthly av... 1921 monthly av... 1922 monthly a v . . . Total. AVERAGE LOADINGS PER WEEK. See footnotes on opposite page. 139 FREIGHT-CAR MOVEMENT. Table 93.—NUMERICAL DATA. From commercial and trade sources,1 [Base year in bold-faced type; index numbers on opposite page.l SURPLUS.2 YEAR AND MONTH. Box cars. Coal cars. BADORDER CARS.6 SHORTAGES Total cars.3 Box cars. Coal cars. Total cars.3 Total. AVERAGE LOADINGS PER WEEK. Grain and grain products. Live stock. Coal. Forest i prod- i ucts. I Ore. Merchandise L. C. L., Total.* and miscellaneous. Number of cars. 1916 monthly 1917 monthly 191S monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly av...' av... 6,437 a v . . . [ 29,251 av... 82,135 av... 15,985 a v . . . I 127,982 av... 47,675 1921, January February March April 132,374 134,711 141,901 167,700 163,676 308,717 310,554 38,973 34,829 44,066 47,597 810 650 123 276 191,234 213,180 243,586 270,319 40,235 36,758 37.208 33,455 31,638 28,377 26,166 26,993 174,968 149,092 131,951 131,314 44,739 53,406 51,070 47,578 8,866 8,873 6,677 5,730 372,517 397,519 438,447 448,422 683,651 683,088 698,627 698,156 50 310 83 67 339 663 3,905 739 309,971 341,337 354,611 376,417 38,214 40,582 56,585 59,973 26,652 | 157,122 27,4S6 155,001 23,979 145,420 27,643 155,376 49,463 49,880 41,558 45,010 23,684 29,069 30,389 31,769 455,605 456,036 448,886 487,854 758,438 762,827 750,717 812,265 2,478 5,301 264 24 142 4,339 None. 37 3,621 11,219 302 110 374,087 364,372 345,201 320,292 55,272 50,478 37,998 42,032 29,907 162,882 36,834 196,206 31,524 j 154,434 29,100 130,297 46,443 52,392 48,846 44,752 28,554 21,490 7,830 5,470 512,322 559,386 469,524 424,479 840,318 929,022 756,624 682,869 330,681 245,100 206,746 371,538 546 373 255 369 36 100 77 374 642 599 423 842 313,190 331,050 334,628 320,083 50,460 51,199 41,184 32,874 32,568 29,113 18,092 27,114 168,720 190,126 131,116 72,528 48,960 50,124 52,734 56,052 4,410 4,151 5,250 9,654 421,722 486,143 495,258 521,106 734,442 768,741 827,400 727,488 195,439 147,558 131,267 54,566 305,198 339,225 174.927 70,455 1,094 1,397 16,550 35,819 3,148 6,633 13,835 1,714 4,803 24,973 58,670 327,704 340,822 324,583 345,013 42,186 39,614 50,227 56,177 29,550 29,201 26,723 29,665 82,494 93,736 75,639 98,499 60,714 62,621 55,181 57,838 18,384 54,054 63,528 66,264 540,546 563,043 547,143 556,560 782,670 851,700 828,029 873,369 201 265 859 5,062 3,486 1,584 2,026 3,651 5,843 3,716 5,595 14, 981 66,529 91,039 67,468 38,397 38,954 47,273 42,848 36,525 130,325 179,239 133, 786 82,927 321,674 291,654 [ 249,960 226, 288 51,308 52,140 53,076 50,721 35,026 40,353 38, 853 33,669 170,512 195,145 195, 890 188, 255 56,871 59,655 61,813 56,979 52,448 46,836 28,987 9,522 559,981 587,910 556,176 934,816 992,651 947,373 838,948 6,976 2,739 3,266 7,208 4,845 3,785 26,588 15,819 14,196 26, 815 33,857 30,849 38,477 38,771 29,281 73,269 80,633 68,986 216,011 209,471 215,552 206,312 47,222 41.209 41,006 38,432 34,500 32,064 31,145 31,556 193,085 185,492 185,414 176,584 66,646 74,950 77,166 10,909 10,310 13,336 19,429 480,989 497,505 555,261 581,867 847,363 848,269 916,492 940,991 75,605 1,981 154,499 90,897 23,592 68,680 189,396 24,194 339,026 172,834 65,901 28,964 18,991 43,148 1,146 26,653 4,200 25,868 444 15,852 179,219 173,520 171,119 178,037 90,685 172,850 255,055 229,443 324,186 413,450 495,904 492,352 306 468 26 87 108 71 8 108 May.... June July.... August. 155,040 146,298 93,013 69,238 165,102 162,537 161,723 130,596 394,040 373,791 321,781 246,740 263 187 3,710 641 September.. October November.. December.. 42,093 22,628 113,874 191,707 98,048 33,643 132,692 221,614 172,420 80,203 282.926 470,516 1922, January... February.. March April 132,174 95,361 88,491 94,653 145,913 97,634 72,566 235,077 69,714 60,101 21,367 3,850 September.. October November.. December.. 1923. January February March April May.... June July.... August. 112,934 | 52,360 24,174 82,056 1,896 51,579 32,955 176,695 193,787 30,105 153,672 28,858 138,555 30,827 j I | | 56,828 60,476 47,928 56,629 37,434 4 7 2 , 4 9 5 801,616 44,142 485,104 850,923 17,367 455,916 754,717 30, 291 526,873 842,302 May.. June.. July.. 1 Data from the American Railway Association. Association reports the number of which are idle (surplus) 2 Daily average for the last period (7 or 8 days)of the filled(shortage). of Canadian roads. Thethese twofiguresrepresents the net freight carssituation for the country and also the number of requests for cars which can not be month, exclusive The difference between freight-car as a 3whole. The car shortages can not ordinarily befilledfrom the idle cars because of the uneven geographical distribution of the latter. Includes other classes than groups listed. * Total includes coke shipments in addition to commodity groups listed. 6 Index number less than 1. e Number of railroad freight cars in need of repairs on first day of each month. Note that 1913 is the base year, having a monthly average of 150,909 cars in need of repairs. 140 RAILWAY OPERATIONS. Table 94.—INDEX NUMBERS. Based on data from Government and non-Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] LOCOMOTIVES IN BAD ORDER. REVENUES. YEAR AND MONTH. Freight. ger. Total operating. Freight. Passenger. TOTAL OPERATING EXPENSES. Total. I Relative to 1919. 1OO 1OO 1OO 1914 m o . av 94 94 95 101 93 101 1916 m o . av 57 121 102 118 1917 m o . av 52 133 120 132 G3 79 103 l.')0 161 1OO 168 171 169 72 204 1% 203 1921 m o . av 100 78 91 97 185 1(17 1X2 1922 m o . av 100 101 1S9 156 1918 m o . av | 1919 m o . av 1920 m o . av TON-MILE OPERATION. PASTffE SENPULLGERMAN MILE OPERACO. TION. EXPRESS EARNINGS. , Total Percent Tons Receipts Passen- Passen- |j operat- Operatgers ing on valu- carried per ton- carried ing ingers ation. 1 mile. mile. revecome. 1 mile. carried. nues. Relative to 191.1. 1913 m o . av 1915 m o . av NET OPERATING INCOMES 1OO 96 95 109 131 184 203 267 211 204 1OO 89 117 146 136 96 72 8 86 108 R e l a t i v e t o 1919. 3 3 1OO 100 96 100 3 102 3 82 <92 100 3 129 3 98 120 U44 99 102 112 102 128 100 117 130 3 1OO 3 81 1OO 1OO 3 105 1 1 68 133 118 126 116 48 121 135 137 150 1OO 2 137 146 138 158 129 60 105 177 110 126 124 74 114 164 102 12X 103 100 173 12 6 1920. September October November December 1921. January February March April May June July August September October November December 1922. January February March April May June July August September October November December 1923. January February March April 83 86 85 88 98 248 94 272 97 9S 226 j 243 198 ! 252 247 185 ! 232 219 200 | 216 j 91 92 1X4 1X3 89 97 161 154 159 92 100 181 169 ISO 91 101 172 158 170 90 101 177 162 174 90 98 182 173 1*1 92 94 178 1S9 181 91 97 200 190 198 91 95 201 175 195 89 97 227 154 210 89 98 194 144 183 93 95 163 154 167 86 157 146 155 93 167 128 157 2X0 290 2X3 281 243 212 220 207 209 210 200 210 208 219 203 193 96 100 200 140 186 94 101 163 145 163 95 98 181 149 92 90 188 167 84 85 169 175 111 102 1X5 176 116 106 201 169 119 116 230 157 111 111 220 147 108 109 206 171 176 186 174 186 196 216 205 201 186 179 199 185 196 200 187 213 225 236 225 223 197 175 210 225 207 230 97 91 207 158 94 92 185 138 93 87 94 225 153 133 80 150 161 152 165 168 13 145 83 156 171 133 144 167 13 85 59 137 175 125 130 163 12 0 4 127 169 129 133 161 10 109 169 119 128 140 91 177 101 111 135 9 98 184 10S 129 143 11 13 51 43 49 47 94 183 100 118 138 62 52 103 172 105 123 134 1 85 64 103 175 114 134 133 9 133 116 81 104 172 129 140 151 91 111 178 128 143 91 146 85 113 177 117 139 120 176 99 134 171 103 120 119 112 75 107 177 94 108 117 83 64 94 172 101 113 85 49 162 96 118 104 104 160 85 102 104 139 53 91 116 120 167 92 114 107 84 78 90 180 96 119 103 103 86 102 177 100 124 108 128 95 106 174 116 144 105 116 80 99 168 124 140 103 88 52 111 162 124 14X 69 98 56 125 156 114 144 106 142 79 144 156 105 131 107 132 87 139 156 98 118 108 132 100 132 154 110 132 113 102 108 138 150 104 65 72 119 140 113 80 10 4 130 112 127 88 May.. June.. July.. ,Sec footnotes on opposite page also. i Data on locomotives in bad order for period 1916 to May, 1918, from Bureau of Railway Economics, from June, 1918, to February, 1920, from the U. S. Railroad Administration and since February, 1920, from the American Railway Association; data on revenues and expenses, from the Interstate Commerce Commission, represent Class I roads, those having annual operating revenues in excess of $1,000,000; data on ton-mile and passcnger-milc operation and percentage of net operating income on tentative valuation are from tho Hureau of Railway Economics; Pullman passenger traffic furnished by The Pullman Co.; express earnings are reports of the American Railway Express Co. to the Interstate Commerce Commission, to which are added reports of the Southeastern Express Co. from the time of its organization in May, 1921. 141 RAILWAY OPERATIONS. Table 95.—NUMERICAL DATA. From Government and non-Government sources, [Base year in bold-faced type; index numbers on opposite page.] LOCOMOTIVES IN BAD ORDER. YEAR AND MONTH. REVENUES. Total Passen- operatFreight. ger. ing. Per ct. to number in use. TOTAL OPERATING EXPENSES, NET OPERATING INCOME.2 Receipts per tonmile. PASSENGERMILE OPERATION. THE PULLMAN CO. Passengers carried. 1 mile. Passengers carried. Thousands of dollars. Per ct. on valuation. Tons carried 1 mile. Per cent. Total. $176,916 $57,548 $255 ,139 $181,732 173,916 165,943 54,230 241, 608 178, 864 171,926 53,798 256, 630 198,031 214,784 58,980 302, 104 236,177 238,184 68,935 337, 539 2S8,183 334, 767 86, 056 410, 549 296,410 368, 287 98,334 432, 005 360,304 107,285 518, 785 485, 861 327,328 383,651 96,172 464, 429 333,918 371,304 89,670 468, 104 NET TON-MILE OPERATIOx\. Thousands of tons. Cents. I Thousands. 27,338,291 26,163,146 4 25,232, 208 * 31,126,359 36,409,975 33,033,629 37,411,868 28,729,900 31,275,680 0.719 .723 .722 .707 .715 .849 .973 1.052 1.275 1.176 3 2,822,922 3 2,880, 582 3 3,649,161 2,882,163 3,289,738 3,556,382 3,863,192 3,904,056 3,110,759 2,877,435 $59,900 3 5.15 53,451 3 4.17 70, 002 3 4.20 87, 265 6.16 81, 232 5.26 57, 759 3.51 43,024 2.46 4,846 0.09 51,329 3.08 64,722 3.82 Number. EXPRESS EARNINGS. Tota i Ouer- Thousands of dollars. 3 2,072,018 a 2,182,396 3 2,021,039 2,326, 425 2,691,212 2,397,260 3,112,128 $12,613 $2,092 3,271,282 16,306 3,615 2,600.416 15,640 260 2,645,699 13,006 116 1913 monthly a v . . . 1914 monthly a v . . . 1915monthly a v . . . 1916monthly a v . . . 15.5 1917 monthly a v . . . 14.2 1918 monthly a v . . . 17.2 1919monthly a v . . . 27.1 1920 monthly a v . . . 21.1 1921 monthly a v . . . 24.6 1922 monthly a v . . . 27. 2 21.0 26.5 19.2 25.7 26.8 1920. September... October November... December... 25.9 25.0 25.8 26.1 438,882 480,375 436,891 386,564 129,857 113,902 106, 652 114,830 618,926 641,827 592, 054 550, 580 509,720 526,544 513,614 510,769 79,676 86,641 50,964 3,302 4.12 4.30 3.02 022 40,999,843 42,562,687 37,458,630 34,722,365 1.154 1.226 1.255 1.217 4,294,113 3,761,875 3,518,107 3,640,548 3,422,673 2,974,833 2,692,723 2,759,442 21,217 21,002 20, 570 20,345 24.4 25.7 26.6 26.7 26.8 26.0 24.9 25.6 25.3 25.6 25. Q 25.2 324,935 284,217 320,774 304,774 313,133 322,236 314,821 353, 815 354,841 401,952 342,371 2S8,666 105, 203 88,463 97,313 90,649 93,517 99,753 108,886 109,192 100,600 88,903 82, 638 88,723 470,389 406,496 459,048 433,398 444,860 461,585 462,940 505,732 498, 348 536,723 465,933 425,275 442,196 384,646 400,111 375,697 379,865 380,856 362,756 382,106 377,767 397,959 368,087 351,450 1,526 5,165 30,807 29,857 36,943 51,067 69,324 90,160 87, 606 105,521 66, 868 49,657 0.14 (5) 2.23 2.42 2.70 3.31 4.19 4.71 4.40 5.09 3.85 3.28 29,824,391 24,913,294 26,825,588 25,578,883 28,218,768 28,140,661 28,412,404 30,381,958 30,864, 054 36,670,230 29,221,710 25,706, 855 1215 1.274 1.320 1.316 1.236 1.261 1.234 1.280 1.271 1.229 1.273 1.239 3,358,000 2,857,000 3,056,000 2 ; 832, 811 2,969,406 3,214,896 3,637,499 3,622,956 3^,291,820 2,910,493 2,656,590 2,844,671 2,657,771 2,307,168 2,633,165 2,443,961 2,553,188 2,774,177 2,903,775 2,970,079 2,890,136 2,476,852 2,245,621 2,349,099 17,704 177 16,992 195 18,023 221 17,403 277 16,929 18 16,779 184 16,767 107 11,431 154 15,127 186 14,951 202 14,801 88 10,770 1,305 23.4 25.2 26.0 25.5 25.8 24.9 22.7 30.0 31.5 32.3 30.0 29.4 24.1 25.9 26.4 26.7 26.1 25.5 22.5 26.9 28.2 30.7 29.4 28.9 277,112 294,630 354,306 288,849 319, 362 331,872 299,169 326,486 355,402 406,106 389,501 364,106 83,736 73,621 80,563 83,461 85, 533 96, 012 100,668 101, 502 97,504 90,133 84,790 98,464 395,777 401,577 475,247 416,869 448, 948 473,785 443,183 473, 877 500, 203 550, 052 523,012 513,576 337,632 324,572 361,163 336,178 355, 589 363,984 340,726 387,100 408,561 428,972 409,453 404,898 29,632 47,702 83,483 50,272 61,981 76,594 69, 239 52, 580 58,457 85,255 78,869 79,155 2.75 4.68 5.96 4.01 4.45 4.88 4.12 2.70 2.89 4.05 4.46 5.15 27,150,745 28,450,913 32,904,832 24,727,919 27, 855, 386 29,048, 643 27,073,021 30,452, 607 34,270, 2G3 39,260,029 38,046,185 36,222, 280 1.164 1.152 1.198 1.291 1.271 1.249 1.209 1.168 1.120 1.125 1.119 1.109 2,698,888 2,396,439 2,592,731 2,701,720 2,821,701 2,269,479 3,495,000 3,504,000 3,221,000 2,956,538 2,759,938 3,111,789 2,444,584 2, 111, 766 2,356,701 2,461, 456 2,561,599 2,986,541 2,890, 939 3,063, 092 2,990,265 2,716,144 2,440,127 2,725,171 13,131 13,132 13,440 12, 980 13,583 13,272 12,991 8,644 13,408 13,543 13,672 14, 275 113 103 82 80 103 103 151 168 197 95 99 26.3 25.5 25.1 23.7 24.2 24.5 24.9 23.2 366,721 326,699 91,103 79,152 88,229 502,160 446,639 535,541 408,815 375,825 417,913 60,874 38,859 83,568 5.56 3.73 5.84 37,668,368 32,616,323 1.078 2,933,269 2,688,993 2,313, 420 2,636,742 12,995 105 1921. January February March April M-iy June July August September October November December 22.6 23.3 23.1 23.9 24.6 . . . j 24.2 | 25.0 i 24.7 ! 24.5 j 24.4 | 24.9 24.7 24.6 24.2 | 24.2 I 25.1 ' 1922. January February March April May June July August September October November December 1923. January February March April May June July 5 34,942,744 281 269 246 211 See footnotes on opposite page also. Net railway operating income includes net operating revenue (equal to the difference between total operating revenue and total operating expenses) from which there have been deducted railway tax accruals, uncollectible railway revenues, equipment and joint facility rents. A Fiscal year ending June 30 of year indicated. 4 These figures are from Interstate Commerce Commission reports. * Deficit. 2 142 PUBLIC UTILITY EARNINGS. Table 96.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type.] TELEPHONE COMPANIES. Y E A R AND M O N T H . GAS AND ELECTRIC COMPANIES. TELEGRAPH COMPANIES. ComTotal Net operat- operat- mercial teleing reveing nues. income. graph tolls. Telegraph Gross earnings. Net earnings. TELEGRAPH COMPANIES. Total Net operat- operating reveing nues. income. Telegraph Comand mercial cable Operatteleing operat- income. graph ing tolls. revenue. Gross earnings. Net earnings. $13,132 $3,710 $29,369 S1O,132 13,722 14,527 10,452 18,700 3 709 4,139 4 7S5 4,700 $5,89S S7,674 $1,711 30 710 31,592 35 479 39,508 10,478 11,112 12,657 12,304 6,287 9,113 8,043 8,435 8,477 10,005 11,698 10,371 10,608 1,282 1,636 1,438 1,265 1,697 44,119 50,734 61,342 63,252 66,199 12,232 13,609 14,311 16,812 18, 612 rcveTIHO. Relative to 1913. Thousands of dollars. Relative to 1913. Relative to 1919. (B) NUMERICAL DATA. (A) INDEX NUMBERS. 104 111 125 142 1OO 100 112 129 127 154 188 231 270 30C 125 138 140 204 239 January February... March April 262 253 271 277 May.... June.... July.... August. September October November December GAS AND ELECTRIC COMPANIES. TELEPHONE COMPANIES. 70 105 1OO 10-5 108 121 135 83 1OO 120 106 111 84 1OO 110 103 105 78 1OO 88 77 104 150 173 209 215 225 121 134 141 1GG 184 20,225 24,635 30,320 30,265 40,204 4,649 5,104 5,415 7,573 8,882 173 181 213 232 108 98 112 103 104 94 107 101 42 37 93 75 237 217 222 215 179 168 172 168 34,394 33,206 35,650 36,398 6,434 6,706 7,896 8,599 8,183 7,412 8,535 7,823 10,480 9,457 10,772 10,163 689 599 1,524 1,228 69,546 63,820 05,325 63,245 18,167 17,067 17,457 16,981 278 280 275 278 223 218 184 193 107 109 103 108 102 105 99 105 76 88 50 78 212 204 198 198 161 147 137 131 36,560 36,743 36,160 36,566 8,275 8,084 6,829 7,178 8,123 8,283 7,805 8,239 10,315 10,601 9,989 10,615 1,251 1,434 816 1,270 62,163 59,905 58,212 58,098 16,284 14,873 13,926 13,267 275 289 287 288 219 220 220 172 110 110 99 104 107 108 98 104 112 86 80 111 203 217 225 241 150 170 193 210 36,067 37,905 37,657 37,871 8,132 8,168 8.172 6,398 8,333 8,371 7.526 7,884 10,812 10,913 9,857 10,486 1,835 1,409 1,311 1,815 59,702 63,753 66,004 70,800 15,182 17,240 19,514 21,232 January February... March April 291 282 300 305 220 218 244 250 98 91 107 102 102 97 64 54 100 78 241 224 231 223 220 202 201 1% 38,183 36,998 39,393 40,058 8,149 8,073 9,070 9,272 7,451 6,950 8,117 7,766 9,586 8,932 10,302 9,808 1,042 883 1,643 1,275 70,899 65,661 67,725 65,581 22,246 20,500 20,360 19,886 May.... June.... July.... August. 305 307 304 309 243 246 217 231 113 115 108 120 108 109 103 113 123 128 83 119 222 215 210 214 181 166 147 132 40,059 40,252 39,889 40,572 9,013 8,585 8,620 8,744 8,198 9,079 10,882 10,967 10,363 11,381 2,008 2,101 1,364 1,944 65,295 63,259 61,612 62,974 18,364 16,834 14,867 13,353 September. October November.. December.. 312 319 317 24 245 273 236 249 122 126 114 116 114 117 108 107 128 129 100 138 220 238 247 257 160 171 215 218 40,930 41,930 41,691 42,489 9,092 10,125 8,707 9,246 9,261 9,564 8,678 8,796 11,521 11,820 10,885 10,850 2,090 2,109 1,636 2,265 64,484 16,255 17,325 21,771 22,106 326 315 266 362 118 108 110 100 120 86 42,841 41,317 9,879 13,447 8,986 8,166 11,130 10,094 1,961 1,413 1913 m o . a v . . 1914 mo. a v . . 1915 m o . a v . . 191G mo. av., 1917 mo. av.. 1918 mo. 1919 mo. 1920 mo. 1921 mo. 1922 mo. av av av av av 100 1OO 103 110 125 121 7,590 1921. 1922. 9,137 8,055 72,539 75,502 1923. January.. February. March April 1 Telephone earnings are the combined reports of 13 largest telephone companies, and telegraph earnings are the combined reports of the Western Union and Postal Telegraph Cos., as reported to the Interstate Commerce Commission; gas and electric earnings are the combined reports to the U.S. Department of Commerce, Bureau of the Census, of 73 companies or systems operating gas, electric light, heat, power and traction services and comprising most of the large companies in the United States. (Jross earnings are in general the gross operating revenues, while net earnings in general represent the gross less operating expenses and taxes, but owing to, a lack of uniformity in the accounts of individual companies, it has not been possible to secure these actual itemsf or each company, andin such cases the nearest comparable figures have been taken. Also in some cases the figures for prior years do not cover exactly the same subsidiaries owing to acquisitions, consolidations, etc., but these dilVercnccs arc not believed to be great in the aggregate. 143 WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS. Table 97.—INDEX NUMBERS. From Government sources,1 [Base year in bold-faced type.] HARDWARE. Y E A R AND MONTH. 100.0 1920 monthly a v e r a g e . . . 115.6 1921 monthly a v e r a g e . . . 79.9 1921 monthly a v e r a g e . . . 84.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 77.8 97.3 99.9 91.9 83.1 83.6 66.4 69.4 79.1 84.0 65.3 66.8 74.4 78.6 76.2 79. 5 85.5 96.9 | 88.2 94.1 61.6 61.6 55.8 90.2 78.2 68.1 57.4 83.0 40.2 37.1 72.0 64.8 52.3 51.1 46.7 31.1 50.2 114.3 102.2 69.0 88.9 81.7 114.6 94.5 62.1 78.0 72.0 60.3 82.7 54.1 88.0 121.1 68.5 86.4 79.8 78.0 109.6 57.7 77.2 78.5 69,9 93.2 91.4 39.0 88.7 58.6 64.7 97.4 94.8 53.4 83.6 73.1 103.9 104.8 105.5 60.1 74.3 78.7 85.7 92.7 80.1 85.8 62.8 62.3 47.9 73.0 55.1 49.5 62.8 51.3 74.2 76.0 74.3 62.7 75.9 83.5 I May June July August.. September. October November. December.. 71.9 70.5 93.1 92.1 75.3 67.4 87.3 91.7 100.0 100.0 100.0 100.0 59.4 65.1 56.6 63.1 66.6 62.8 61.5 65.9 76.2 74.0 37.4 41.1 56.6 44.2 47.4 58.7 100.5 73.7 98.1 84.6 66.3 93.2 75.5 36.7 54.3 61.3 61.1 78.2 80.5 64.7 71.5 67.4 I 1921. January... February. March April •2 © 1 I | 1919 monthly a v e r a g e . . . SHOES. 78.1 88.6 84.5 84.0 84.8 81.9 71.5 70.5 85.7 74.0 81.6 82.0 71.6 53.8 75.7 76.5 70.1 89.6 82.1 82.1 63.9 78.7 70.1 75.6 65.2 68.9 80.8 76.2 91.6 86.1 90.8 73.0 82.4 64.6 80.3 71.7 93.0 82.1 86.1 83.2 104.7 91.5 95.4 80.8 85.0 62.6 84.1 87.2 93.4 82.6 100 3 61.3 88.0 88.2 67.8 52.3 40.0 55.7 59.6 43.9 76.3 60.3 77.8 78.1 77.1 92.8 84.3 81.2 72.6 75.1 58.3 72.1 88.4 69.3 93.3 70.6 65.0 67.2 60.9 51.3 69.0 79.4 85.3 77.4 68.5 68.8 45.3 71.7 74.2 66.3 46.6 58.1 55.7 68.9 64.3 50.7 39.3 48.9 62.9 75.9 54.2 65.9 58.4 56.2 51.6 41.3 57.2 65.8 71.6 81.9 85.6 89.9 78.9 65.1 82.7 59.6 76.6 73.8 89.4 84.6 85.5 70.6 68.4 102.8 110.6 59.2 57.7 94.8 84.7 59.7 85.6 74.5 74.8 75.3 91.9 43.5 50.0 70.4 65.1 92.7 95.7 91.3 80.1 86.1 61.8 59.2 56.2 75.7 97.5 100.5 86.1 92.6 78.9 78.4 74.1 81.0 81.7 88.6 78.1 80.2 77.5 76,5 76.8 79.8 105.6 113.0 98.1 105.8 60.5 58.8 45.2 66.0 93.5 75.3 84.8 98.2 106.8 77.6 98.6 74.5 84.6 101.2 108.4 77.2 89.0 67.4 79.8 90.6 103.9 67.4 79.1 57.4 79.3 76.0 92.1 57.3 83.4 77.6 102.8 116.6 100.2 148.8 71.4 68.6 92.4 84.9 96.4 124.8 55.7 86.2 59.9 82.4 90.7 83.8 87.9 92.2 98.5 82.8 78.1 74.0 68.8 68.7 65.5 42.4 44.2 41.2 36.8 43.3 45.7 68.8 52.2 39.3 65.0 42.5 56.4 68.2 65.8 49.9 49.5 54.1 51.7 44.8 53.2 93.2 87.3 70.7 62.4 1922. January... February. March April May June — July August.. 91.7 81.3 89.5 September. October November. December.. 95.1 92.6 98.9 97.8 93.1 94.3 83.1 83.2 112.8 105.8 86.5 103.9 99.8 82.8 89.8 85.5 79.2 100.7 97.0 90.3 112.8 97.9 114.3 98.6 109; 5 96.5 94.8 80.3 80.2 90.1 84.0 80.0 103.2 87.1 109.1 91.7 74.2 86.4 107.1 115.8 110.7 106.0 66.3 36.4 56.8 45.6 66.7 74.6 58.1 56.1 56.6 79.9 79.5 54.6 71.8 75.2 57.8 70.1 55.1 41.2 39.7 50.2 40.9 53.0 71.3 71.7 61.4 57.5 63.5 73.6 60.0 80.9 87.1 73.3 70.2 62.0 54.1 73.6 83.7 76.2 84.1 85.4 79.4 80.8 77.3 80.3 87.7 65.5 72.9 62.6 78.9 81.8 45.9 56.3 55.7 64.4 76.6 49.8 57.7 81.9 56.0 67.3 84.1 46.7 67.7 62.8 76.7 68.4 I 1923. January... February. March 46.8 87.8 82.1 108.2 77.6 72.4 103.2 91.6 88.5 122.0 89.4 113.3 103.1 56.3 57.7 52.1 80.6 47.3 72.8 81.0 April May.. June. 1 2 Compiled by the Federal Reserve Board, Division of Analysis and Research. Represents a combined weighted index based upon the total value of their production in the year 1919. For detail and methods of computation, see Federal Reserve Bulletin for April, 1923. 144 WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS. Table 98.—INDEX NUMBERS. From Government sources.1 [Base year in bold-faced type. GROCERIES. Has. o "SI'S Citj climo nd. rk. 1 5 1 ins as * * < 1 Dallas. I line icts. S Licago ft lanta o Cle\ elar t-l 3 nFra ncis 1 .5 2 Phi ade Y E A R AND MONTH. n 11 I2 CRUGS. H C 3 s Relative to 1919. 100.0 1919 monthly average.. 100.0 1920 monthly average.. 1921 monthly average.. 1922 monthly average.. 100.0 100.0 100.0 100.0 100.0 74.1 100.0 77.1 72.2 74.7 70.8 78.6 93.0 69.1 76.7 79.1 74.4 75.6 | 72.8 79.8 73.4 72.5 70.2 78.9 91.0 70.7 January February March April 73.4 72.6 82.5 74.5 70.3 63.1 77.3 74.2 71.5 I 74.6 66.4 67.9 88.5 72.4 72.4 79.2 84.0 73.1 | 71.2 79.7 77.2 81.7 74.6 65.4 68.2 80.9 71.5 70.4 71.8 84.9 74.5 82.2 82.7 100.2 92.2 May June 74.1 77.6 77.1 82.0 69.7 75.3 79.6 74.5 75.1 69.5 76.9 68.0 86.0 71.9 73.0 77.2 | 71.0 71.8 : 70.8 77.9 ! 73.3 81.1 73.9 83.5 87.6 91.9 81.1 84 8 76 0 69 0 76.6 84.8 72.1 72.3 80.6 83.4 80.9 69.6 75.3 79.8 74.2 66.0 79.8 79.7 81.6 78.5 76.1 i 69.9 67.3 ! 70.1 78.2 71.7 02.6 65.6 62 2 76 3 66 2 63.8 59.8 76.8 64.0 65.8 64.5 72.3 62.0 59.0 57.0 69.5 60.7 63.9 61.7 72.7 65.1 62.6 62.3 74.0 62.0 69.3 69.2 76.9 68.8 74.0 76.4 74.1 72.4 77.4 100.0 100.0 111.9 96.6 100.5 100.0 100.0 100.0 100.0 100.0 100.0 85.4 90.1 112.5 107.7 113.6 89.3 115.9 93.1 115.5 79.2 74.2 94.2 91.7 96.5 92.9 110.4 99.9 97.0 .8 96.0 .1 101.2 116.4 88.0 110.0 88.1 '9.7 85.8 105.0 83:4 101.4 93.8 135.0 96.0 I 112.3 1921. July August. September. October November. December.. 73.8 68.6 80.9 76.0 78.2 69.2 j 90.1 75.7 67.9 112.2 91.5 94.0 89.0 105.8 98.4 I 87.5 ! 94.2 I 95.7 ! 93.1 67.8 66.5 66.1 69.5 94.3 91.9 104.5 91.9 93.5 94.3 91.1 100.1 92.6 94.6 95.6 101.1 106.6 109.5 106.8 110.5 84.6 83.1 85.2 86.5 76.5 87.2 95.6 96.1 95.8 97.6 84.9 81.7 74.1 64.0 101.8 107.5 96.6 81.7 75.7 76.8 61.6 95.4 103.3 91.9 77.5 103.5 107.1 94.0 88.0 102.7 111.6 95.4 85.2 122.0 114.5 104.7 106.4 90.3 93.3 81.8 75.0 92.0 95.4 85.3 77.6 105.0 104.3 97.1 94.8 94.6 93.9 83.3 75.9 125.2 137.4 111.9 109.0 60.3 57.2 70.9 60.9 65.0 59.7 78.3 69.9 78.9 75.4 89.7 81.8 56.5 60.2 67.5 61.3 89.5 76.8 97.5 102.4 103.2 129.4 97.4 110.3 111.1 123.2 105.3 90.5 85.8 94.4 94.2 113. 7 93.6 79.4 77.8 96.7 86.3 89.6 84.8 97.8 84.4 82.0 78.1 88.1 76.1 103.0 106.9 131.4 105.3 71.8 72. 2 08.1 76.9 68.4 79.7 G8.2 75. 6 77.6 91.4 81.5 91.4 89.1 100.2 87.3 92.2 64.5 67.2 64.8 73.1 97.4 108.3 105.3 99.8 96.6 99.6 93.6 102.9 99.6 104.1 101.7 104.0 109.1 113.1 107.1 114.4 85.2 84.1 81.6 86.0 92.7 94.9 81.5 91.9 89.4 95.5 89.5 78.6 78.7 80.2 92.7 109.7 112.5 106. 6 133.4 87.8 92.6 80.4 72.3 92.1 98.5 90.9 89.1 97.4 104.4 98.5 96.3 96.5 98.4 84.4 76.1 125.4 126.5 121.0 109.6 73.5 75.4 73.5 ! 94.2 58.8 85.2 110.0 102.0 125.1 92.9 116.4 1922. January... February.. March April May ) 74.1 June j 82.1 79.0 July August ! 74.5 ! 86.4 71.7 75.2 72.9 78.8 70.1 77.0 90.5 98.7 81.1 95.4 95.9 88.8 76.4 85.4 87.7 79.6 77.3 80.0 83.9 73.1 79.2 81.7 81.6 74.1 78.8 85.0 83.3 73.0 76.9 80.9 74.7 68.7 87.4 86.2 84. 3 73.5 101.2 107.9 100.9 87.0 108.2 124.2 114.6 104.6 111.1 102.9 99.0 111.0 125.8 108.7 104.5 115.6 115.8 116.6 121.3 93.6 93.8 95.1 83.9 74.9 74.9 79.7 79.3 69.8 83. 6 76.2 73.7 SO. 4 07.1 64.1 74.6 75.4 72.0 81.8 79.6 81.9 82.4 63.7 67.7 71.8 71.5 79.4 ! 72.8 94.9 100.6 69.9 I 96.7 76.3 ' 94.2 93.1 113.4 106.3 120.6 120.2 117.5 131.0 127.8 116.1 137.4 112.9 93.1 108.3 September. October November.. December.. I 1923. January February March April 73.3 61.1 101.3 100.7 93.2 101.9 111.3 ! 104.9 113.5 83.7 90.7 137.7 May.. June. 1 Compiled by the Federal Reserve Board. Division of Analysis and Research. 2 Represents a combined weighted index based upon the total value of their production in the year 1919. For details and methods of computation, see "Federal Reserve Bulletin" for April, 1923. 145 WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS. Table 99.—INDEX NUMBERS. From Government sources.1 [Base year in bold-faced type.] DRY GOODS. YEAR AND MONTH. TOTAL, MEAT INDEX. 2 Weighted index, 9 districts. New York. Cleveland. Richmond. Kansas City. Atlanta. Dallas. 100.0 INDEX OF WHOLESan FranSALE cisco. TRADED 100.0 Relative to 1919. 1921 monthly average.. 54.5 1922 monthly average.. 50.1 100.0 114.9 80.2 80.9 1921. January.. February. March April 05.0 55.9 51.7 52.8 04.1 80.7 100.7 88.0 May June July.... August. 53.1 54.0 58.6 57.9 September. October November.. December.. 1919 monthly average.. 1920 monthly average.. 100.0 100.0 100.0 100.0 100.0 100.0 100.0 80.9 78.3 09.7 70.0 84.1 70.0 84.2 91.7 75.2 124. 6 121.3 88. 8 80. 8 89.7 97.8 100.0 111.0 73.7 75.0 62.1 90.5 101.4 96.0 70.0 82.1 104.9 88.0 66.9 77.1 95.7 79.0 50.9 63.7 86.6 64.2 64.0 71.4 95.7 84.0 60.6 69.9 78.2 67.6 75.9 100.3 143.1 129.0 00.9 89.1 107.0 80.2 65.4 72.7 95.4 94.8 68.7 69.5 80.6 73.9 79.1 80.0 75.7 105.2 88.2 89.9 72.5 105.2 74.0 70.6 67.3 93.2 66.7 67.4 69.2 103.2 50.9 56.2 60.2 85.6 78.3 80.0 78.4 104.2 64.8 61.7 85.5 126.4 100.5 115.1 127.8 165.0 77.8 70. 0 80.0 110.0 80.9 88.5 75.1 101.4 70.9 72.8 71.0 80.4 54.7 01.3 43.1 45.6 115.2 104.9 74.2 64.9 111.8 104.3 86.1 86.8 106.5 101.1 81.1 63.8 119.2 109.9 71.9 44.5 115.5 99.3 60.2 37.0 113.6 103.3 83.0 52.8 99.0 82.4 67.3 55.7 170.2 141.7 114.7 99.2 125.8 127.0 82.3 47.9 123.3 113.2 98.6 67.1 82.1 83.8 68.4 62.1 1922. January.. February. March April 49.3 48.9 51.3 48.3 81.4 80.2 88.2 74.6 81.4 91.9 90.3 77.2 77.0 75.9 65.0 63.7 88.4 71.3 78.5 66.2 52.0 55.6 71.8 62.6 87.5 79.6 91.1 74.7 85.0 62.1 60.8 48.7 128.4 110.1 124.2 105.2 05.7 78.0 78.3 72.1 77.3 74.7 92.3 82.4 64.2 62.9 74.3 65.8 May June... July.... August. 58.2 02.0 59.2 55.9 79.0 78.9 80.2 112.7 77.7 79.3 70.6 105.5 74.1 72.2 62.2 96.0 61.6 67.4 73.6 106.6 59.7 50.2 68.3 94.9 94.5 84.0 85.3 109.1 57.5 69.7 86.2 122.3 98.5 108.4 113.5 155.0 71.0 09.7 89.2 131.7 87.9 90.6 93.0 125.4 72.6 76.9 72.1 83.6 September.. October November.. December.. 00.5 67.8 54.1 56.8 110.1 108.3 94.4 72.8 105.6 107.6 94.1 80.8 102.4 105.0 95.1 90.8 109.3 100.0 87.1 60.5 90.9 97.2 79.1 51.3 130.8 103.9 89.6 69.9 98.7 85.1 73.6 52.9 152.8 141.4 118.9 92.9 125.4 123.0 87.5 48.9 129.3 121.2 123.6 76.4 88.1 92.4 84.0 75.0 1923. January.. February. March April 59.3 55.8 53.7 105.4 100.8 113.0 96.0 108.6 116.7 101.7 98.2 110.7 105.3 95.0 102.3 89.4 80.6 123.5 108.2 92.6 111.6 91.3 86.6 59.8 154.8 152.0 161.0 108.8 94.7 89.4 104.3 92.6 118.7 78.2 75.8 83.4 May.. June.. 91.2 88.5 83. G 100.0 I 1 Compiled by the Federal Reserve Board, Division of Analysis and Research. 2 Represents a combined weighted index based upon the total value of their production in the year 1919. For details and methods of computation see Federal Reserve Bulletin for April, 1923. a Weighted average based upon the total volume of wholesale trade in lines separately shown on this and the preceding page. 43622°—23- -10 146 DISTRIBUTION MOVEMENT. Table 100.—INDEX NUMBERS. Based on data from Government and non-Government sources,1 [Base year in bold-faced type; numerical data on opposite page.] THEATERS. Y E A R AND M O N T H . Taxes on Sales by admis- manufacsions. 2 turers. 3 Relative to 1920. POSTAL RECEIPTS. Relative to 1919. 74 80 1OO 73 66 57 41 77 100 70 77 93 1OO 113 113 124 128 143 148 150 165 152 185 206 186 192 41 42 23 22 26 1921. January... February. March April 108 109 102 93 69 68 74 109 104 124 112 May.... June July August. 99 102 80 82 65 62 57 50 106 107 95 105 84 89 97 92 48 68 82 100 111 118 119 145 89 81 87 75 132 91 64 58 114 111 132 120 65 62 57 55 59 121 121 106 116 74 76 94 63 86 86 110 124 135 135 159 81 92 101 81 82 136 126 152 133 1918 monthly 1919 monthly 1920 m o n t h l y 1921 monthly 1922 monthly average average average average average September. October November. December.. 75 100 95 8 94 159 200 to 1919. 16 18 15 35 21 73 75 110 154 188 121 129 73 1OO 114 103 108 120 129 135 137 101 89 109 107 115 104 87 85 108 120 124 116 100 117 112 113 102 90 112 116 150 134 110 102 27 31 19 1OO 95 94 116 122 91 113 124 140 74 46 39 29 169 194 Relative 140 129 103 90 18 1OO 180 134 Newspaper.* Relative to 1913. Relative to 1913. 1OO 101 103 118 131 average.. average.. average.. average.. average.. Magazine.4 Foreign. Domestic. 1OO 106 116 131 130 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly ADVERTISING. MONEY ORDERS ISSUED. CANDY. 116 108 93 92 121 156 153 148 105 126 120 120 114 141 164 188 108 100 125 1922. January... February. March April May.... June July.... August. 77 64 September... October November... December 162 179 168 19 188 177 20 226 44 29 1923. January.. February. March April May.. June. July.. 185 Pee footnotes on opposite page also. 1 Internal revenue taxes on admissions to theaters, cabarets, etc., and candy sales from U. S. Treasury Department, Bureau of Internal Revenue: postal receipts in 50 selected cities and money orders (quarterly data), from U. S. Post Office Department; magazine advertising as reported by Printer's Ink; newspaper advertising compiled by Nao York Evening Post. hence, the data for 1922 are not quite as comprehensive as the earlier data. However, the variance is not such as will not allow comparison. 147 DISTRIBUTION MOVEMENT. Table 101.—NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] MONEY ORDERS ISSUED. Y E A R AND M O N T H . Domestic. Number. Thousands of dollars. 1913 monthly average.. 1914 monthly average.. 1915 monthly average.. $13,543 1916 monthly average.. 1917 monthly average.. 14,611 17,066 1918 monthly average 1919 monthly average $5,408 6 $37,411 18,380 7,247 6,892 39,670 5,603 30,538 20,688 20,759 22, 878 7,121 7,416 36,838 27,525 26,872 29,320 20,013 19,115 22,723 20,593 May June July...-. August. 7,152 7,368 5,823 5,930 25,980 24,767 22,516 19,992 19,504 19,752 17,509 19,289 September. October November.. December.. 6,123 6,416 6,995 6,690 19,202 27,076 32,595 39,798 20,407 21,670 21,806 26,727 January... February. March April 6,453 5,867 6,285 5,439 52,360 30,280 25,309 23,116 20,957 20,394 24,283 22,098 May June July August.. 5,818 5,547 4,621 4,710 24,783 22,645 21,791 23,336 22,317 22,169 19,543 21,372 September. October November. December.. 4,789 5,396 5,485 6,825 24,897 34,255 33,990 43,693 22,764 24,777 24,812 29,150 6,766 5,877 6,700 39,958 32,007 32,398 24,935 23,082 27,870 24,374 1920 monthly average 1921 monthly average j 1922 monthly average 27,707 Value. ADVERTISING. Magazine. 4 Foreign. Number. Newspaper. Thousands of agate lines. Value. 24,683 26,058 28,602 32,358 32,004 SI 66,097 ! 107,446 171,278 195,552 216,798 988 718 655 560 407 823,561 17,322 10,933 9,078 6,843 1,224 31,490 35,185 36,605 37,072 40,698 252,262 306,777 341,781 308,475 319,643 405 6,389 7,275 4,402 3,698 4,298 1,344 1,890 2,305 1,480 1,573 415 226 216 253 1,161 1,147 1,415 1,490 61,440 62,671 61,067 83,859 95,832 86,661 90,792 1921. January.., February. March.... April 7,803 7,864 1,105 ! 331,880 181 , 3,584 36,301 j 299,297 175 | 96,516 86,970 73,203 71,177 1,325 1,467 1,522 1,421 84,153 97,748 93,998 94,611 1,112 1,383 1,515 1,717 85,944 75,342 93,592 97,160 1,830 1,644 1,351 1,243 3,375 | 85,107 74,974 91,503 89,966 1,713 39,312 1,462 1,580 1,655 1,680 97,086 90,796 77,966 77,393 1,485 1,907 1,877 1,817 87,904 105,637 100,616 100,601 1,399 90,422 83,496 105,023 1,574 1,257 33,157 ; 280,109 159 | 2,849 39,520 | 349 I 4,984 322,616 1922. 40,005 297,488 184 3,010 41,395 311,572 191 3,350 36,504 294,439 3,962 44,889 375,273 6,871 j 1923. January... February. March April May.June. 1,730 2,002 2,298 2,270 I See footnotes on opposite page also. Computed on the basis of a 5 per cent excise tax prior to January, 1922, and since January, 1922, on the basis of a 3 per cent tax (revenue act of 1918 superseded by revenue act of 1921). 4 These figures represent the number of lines of advertising carried by the leading magazines dated for the month noted. & Compiled from 22 identical cities: New York, Chicago, Philadelphia, Detroit, Cleveland, St. Louis, Boston, Baltimore, Los Angeles. Buffalo, San Francisco, Milwaukee, Washington, Cincinnati, New Orleans, Minneapplis, Indianapolis, Columbus, Louisville, St. Paul, Birmingham, and Houston. For the years 1916 to 1918 no reports were available for Boston, Louisville, Houston, and Columbus. The totals for those years were computed from the actual reports of the 18 other cities, allowing 13.85 per cent of the total to the four missing cities, the average ratio of those cities to the total in the subsequent years. 6 Six months' average, July to December, inclusive. 3 148 RETAIL TRADE. Table 102.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [ Base year in bold-faced type; numerical data on opposite page.] 1 TEN-CENT STORES MAIL-ORDER HOUSES. Total sales. YEAR AND MONTH. 4 2 houses.2 houses.3 MontSears, Roebuck gomery Ward & Co. & Co. Total.< F. W. Woolworth Co. Relative to 1919. S. S. KresRC Co. MISCELLANEOUS. S.H. McCrory Kress & Stores Co. Corp. J. C. Penney Co. United Cigar Owl Drus Co. American Wholesale Corp. Stores Co. Rein live to 1913. 1913 mo. av 1914 mo. av 1915 mo av 1916 mo. av 1917 mo av 1OO 105 1OO 1OO 1OO 100 100 1OO 1OO 105 1OO 121 1OO 103 1OO 107 1OO 106 91 110 101 120 i is 124 120 115 158 104 115 135 183 105 111 112 101 154 156 141 131 199 126 140 319 121 117 1% 154 187 199 161 148 227 146 164 564 145 130 1 5° 191ft mo. av 1919 mo av 1920 mo. av 1921 mo. av 1922 mo. av 203 208 201 182 162 274 178 196 811 176 174 156 100 264 270 267 208 180 322 213 234 1 092 210 205 91 (] 103 264 266 278 246 213 387 266 269 1,623 269 253 233 72 188 186 191 258 223 421 264 268 1,767 257 270 213 79 204 191 233 293 253 492 317 284 1,857 247 278 1S3 69 189 196 173 179 151 291 201 197 1,255 242 264 237 65 173 176 165 193 166 314 210 206 232 249 198 95 244 252 223 253 214 420 263 276 1,243 1,698 260 266 219 78 203 206 195 233 199 398 245 241 1,696 263 258 165 May . . June. July August 60 160 151 161 233 203 383 222 244 1,732 256 249 151 62 159 206 229 195 384 222 251 1,745 251 263 160 49 133 139 134 131 225 233 231 1,-197 254 273 238 159 157 166 242 195 211 370 56 390 249 244 1,526 250 271 286 September October. . . November December 73 188 222 1S6 192 89 218 230 83 211 80 217 203 214 65 175 161 211 178 59 84 156 198 77 196 185 70 194 174 1921. January February March April 1922. January February March April Mav June July August September October November December 1923. January February March April 236 205 389 238 239 260 313 261 470 304 271 273 237 461 266 2, 220 245 290 261 253 22'J 274 268 1,940 2,422 253 296 224 503 438 786 540 530 2,245 309 331 134 169 197 172 326 216 182 210 247 183 215 341 204 238 236 265 229 132 163 244 471 267 1,433 1,792 199 194 244 281 235 270 308 984 1,089 246 175 243 222 244 254 154 182 193 270 233 444 276 280 1,849 128 261 265 448 271 274 1.54 1.54 444 153 168 235 464 1,455 1, 556 247 246 135 254 157 287 304 275 57 263 272 279 251 248 1,813 154 225 228 253 241 261 137 289 225 76 190 268 180 214 284 308 257 326 545 319 335 113 277 254 332 318 269 571 352 311 288 260 246 202 311 2,160 2, 696 274 250 245 286 491 110 2,599 244 252 237 202 109 287 261 351 582 497 952 660 610 2,862 340 370 138 243 238 256 242 200 446 273 229 1,273 221 263 311 232 215 274 203 454 1,283 209 253 174 248 392 286 629 279 394 223 290 272 245 341 296 1,994 255 288 181 241 348 69 58 : 406 253 July See footnotes on opposite- page. 326 198 ' 149 RETAIL TRADE. Table 103.—NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] MAIL-ORDER HOUSES. YEAR AND MONTH. Total. 3 Sears, Roebuck & Co. TEN-CENT STORES. Montgomery Ward & Co. Total. 4 F. W. Woolworth Co. s. s. Kresge Co. McCrory Stores Corp. MISCELLANEOUS. S. H. Kress & Co. J. C. Penney Co. United CiKar Stores Co. Owl Drug Co. American Wholesale Corp. Thousands of dollars. 1013 mo. av. 1914 mo. av. $11,27/5 11,M7 1015 mo. av. IHU) mo. av. $7,972 $1,105 1,341 $4/50 411 $S9S 6,333 1,715 46X 1,030 102 7, 257 2, 200 566 1,255 70L 2, 9X5 381 1,807 8,174 2, 508 1,469 1,210 3, 576 443 2,071 1,763 1,778 4, 336 500 2,130 2,104 2, 39X 5,172 667 2,944 2, 115 3, 569 6, 637 823 3, 1X8 1,187 2, 409 3, XX7 6,339 879 2, 905 5,433 1,427 2, 554 4,0X6 6,079 902 2,502 8,336 3,215 903 1,773 2,759 859 3,240 9,138 3, 468 946 1,850 2, 732 5,713 810 2,702 20,133 11,831 4,642 1,185 2,475 3, 732 0,413 804 2,987 6,464 18,589 10,963 4,392 1,102 2,160 3, 720 6,494 837 2, 255 8,427 $3,3 10 3,420 13,49* 0, 3X9 17,407 12,237 1917 mo. av. 20,982 191 s mo. av. 1919 mo. av. 8,544 $/>,/» 1 9 5, SOI 4,113 9, 582 5,178 11,278 11,850 6, 592 12,806 22,891 16,544 6,664 14,520 S, 931 3,026 800 29,772 21,494 8, 838 16,575 9,958 3, 556 957 1920 mo. av. 30,233 21,217 9,192 19,023 11,711 4, 270 1,197 1921 m o . av. 21,206 14, ,834 6,330 20,558 12,302 4,656 1922 m o . av. 22,969 15,180 7,706 23,356 13,942 January 21,320 19,465 15,598 14,003 5,721 5,462 14,227 February 15,405 March 27,502 20,106 7,396 April 22,839 16,375 $2,40/5 360 $1,300 1,303 304 2, 192 991 1,380 1921. May 1X, 060 12, 239 5,321 18,572 11,203 4,232 1,001 2,110 3, 806 0,309 810 2,057 June 17,900 11,094 6,806 18,272 10,741 4,245 999 2,255 3,835 0,180 855 2,183 July 15,005 10,676 17,956 10,744 4,087 1,048 2,077 3,290 0,203 888 3,250 August.. 17,900 12,477 4,329 5,483 19,273 11,641 4,311 1,122 2,191 3,354 6,100 882 3,912 September. 21,163 14,800 6,363 18, 842 11,325 4,300 1,069 2,148 4,263 6,231 840 • 4,270 October 24,9X2 17,378 7,604 23, 564 14, 408 5,190 1,235 2,731 5,323 6,691 943 3, 461 November.. 23,767 16,180 7,581 21,796 13,107 5,098 1,200 2,385 4,883 6,029 849 2,700 December. 24, 500 17,081 7,425 40,062 24,191 8,086 2,430 4,755 4,938 7,613 1,108 1,831 January... 19,782 5,594 5,785 9,517 3,598 901 1,632 2,105 4,898 18,198 14, 188 12, 413 15,711 February. 16,749 10,080 3,763 1,045 1,835 2,395 4,794 760 1,806 March 23,832 15, 801 8,031 19,677 11,847 4,481 1,205 2,134 3,153 0,013 800 2,226 April 22,071 14, 713 7,358 22,429 13,439 5,208 1,386 2, 396 3,943 0,012 825 2,107 12,884 1,242 2,511 4,067 0,226 848 1,750 1,219 2,508 3,988 5,932 891 1,848 1,293 2,250 3,202 6,100 895 3, 468 12,960 4,903 4,945 4,901 5,122 1,369 2,225 3,424 6,064 938 3,073 5,423 6,019 6,313 10,515 1,386 2, 304 4,753 6,421 891 2,764 1,436 2,797 5,932 6,074 1,089 3,234 1, 585 2, 582 5,717 6,025 820 2, 763 2,908 5,477 6,297 8,385 1,203 1,856 1922, May 21,855 14,478 6,377 June 19,565 10,910 8,655 July 17,355 12,245 5,110 August.. 17,709 12,156 5, 553 21, 540 21,104 21,001 21,676 September October 21,464 30,222 November December 31, 201 32, 379 14,375 19,933 20,197 20,756 1923. January February... 27,407 26,178 March 32,730 April 30,691 12, 432 12,557 3,133 7,089 22, (520 13,507 10,289 26,026 15,774 11,004 25,314 14,834 11,623 46,415 27,455 18,930 8,477 19, 265 11,049 4,929 1,227 2,060 2,800 5,440 856 4,249 17,115 9,063 19,506 11,231 5,016 1,257 2,002 2,823 5,158 823 2,377 19,755 12,975 27,158 15,780 6,950 1,772 2,656 4,387 6,281 935 2,472 19,178 11,513 13,940 1,466 May. June. July. 1 This table is submitted in response to a demand for publication of the figures of sales of individual stores, which have been compiled from published reports. These figures represent money values of sales. On account of the tremendous increase in J. C. Penney Co. sales, this store is not included in our total of 10-cent store sales. Data on American Wholesale Corporation placed here for convenience. Mail-order and chain store sales are reported directly by the companies or compiled from the Commercial and Financial Chronicle, except the index of four mail-order houses. 2 Compiled by the Federal Reserve Board, Division of Analysis and Research, and the index, based upon the combined average sales in 1919, includes Sears, Roebuck & Co., Montgomery Ward & Co., Larkin Co., and the National Cloak & Suit Co. 3 Includes Sears, Roebuck & Co. and Montgomery Ward & Co. 11ncludes F. W. Wool worth & Co., S. S. Kresge Co., McCrory, and S. II. Kress & Co. 150 RETAIL SALES. Table 104.—INDEX NUMBEBS. Based on data from Government sources,1 [Base year in bold-faced type.] CHAIN STORES. DEPARTMENT STORES. Federal Reserve District. YEAR AND MONTH. Total for 9 disFive Shoe Music tricts, Grocery and ten Drug San New AtChi(8 Phila- Rich(21 (5 (4 Boston York delphia mond lanta Chicago Minne- Dallas' Fran- weight- chains). (4 apolis* chains). chains). chains). chains). ed (24 cisco chains). (21 (24 (64 (70 (35 (18 (19 (306 stores). stores). (31 stores). stores). stores). stores). stores). stores). stores). stores). Relative to 1919. 1919 mo. 1920 mo. 1921 mo. 1922 mo. a v . . . 100 av... 116 a v . . . 114 a v . . . 118 100 118 113 116 100 119 117 119 100 113 106 101 100 119 101 94 100 122 106 110 100 113 105 102 100 120 99 92 100 121 116 121 100 119 110 111 100 143 127 144 100 118 124 141 100 119 123 127 100 133 132 129 100 121 118 115 100 110 109 123 134 178 102 135 143 185 106 134 139 169 101 129 136 188 107 138 136 185 115 129 130 182 114 120 122 164 117 136 139 180 117 130 122 188 109 131 134 181 142 142 139 137 112 130 126 215 119 123 114 150 137 151 134 181 112 143 135 155 119 127 132 179 January— February.. March April 109 86 121 118 107 89 119 116 109 88 126 125 92 84 118 108 91 88 113 101 92 87 112 110 82 108 115 93 88 113 98 108 94 117 111 101 88 117 112 126 120 132 123 86 93 121 112 118 112 125 123 120 117 132 135 86 83 141 140 79 78 82 75 May June July August 118 122 78 83 114 113 78 74 121 113 90 107 112 77 76 106 95 74 75 113 105 81 108 108 84 94 103 99 71 70 115 108 93 113 113 109 81 84 120 119 116 122 112 110 108 116 121 122 124 121 130 128 129 128 137 128 101 87 65 60 56 72 September. October November.. December.. 98 128 124 188 92 139 131 189 91 139 136 171 84 120 117 178 120 110 155 100 112 113 158 100 111 108 146 91 114 104 149 108 124 115 181 95 125 120 172 122 138 136 149 113 142 134 242 120 125 116 147 128 138 125 173 103 135 119 150 82 99 107 173 January— February.. March April 100 84 110 125 85 109 119 97 88 112 132 76 72 94 106 74 73 85 98 77 94 112 71 91 107 75 71 91 87 100 84 111 110 90 80 101 113 138 130 149 139 95 101 118 135 117 115 123 121 111 109 124 125 80 81 104 156 72 75 81 79 May June July August.. 123 122 82 88 118 115 78 78 126 109 87 95 103 103 71 73 98 86 70 74 117 110 106 101 81 93 97 89 65 68 133 112 96 119 115 108 80 87 138 137 135 139 130 127 126 130 123 124 126 128 129 123 127 127 127 122 101 87 81 81 83 99 September. October November.. December.. 114 135 135 197 107 145 142 199 107 144 147 186 91 119 122 185 114 113 162 114 122 131 185 105 120 107 164 101 105 105 149 113 137 132. 204 106 130 130 186 141 149 162 166 136 157 152 279 129 133 122 161 135 127 127 179 118 121 122 165 118 119 121 204 106 92 127 108 91 129 106 98 149 84 80 115 78 106 93 120 92 77 105 81 73 115102 135 123 165 159 188 116 117 163 129 125 145 116 110 135 71 136 95 '88 96 101 1920. September. October November.. December.. 1921. 1922. 1923. January.... February.. March April MayJune. July1 Compiled by the Federal Reserve Board, Division of A nab/sis and Research, Index numbers are based upon dollar values. » With the exception of the 4 music chains which operate only locally through the West, these data include the larger individual chain-store systems ,which in the aggregate cover practically the entire country. 13.337 unit stores are represented by the 21 grocery chains; 1,708 unit stores by the 4 five and ten cent chains; 463 unit stores by the 8 drug store chains; 2,732 unit stores by the 3 cigar chains; 276 unit stores by the 5 shoe chains; and 58 unit stores by the 4 music chains. ' I n calculating bases estimates are made for sales of stores in the Minneapolis and Dallas districts for the months of 1919 for which there are no reports. 151 DEPARTMENT STORE STOCKS. Table 105.—INDEX NUMBERS. Based on data from Government sources, [Base year in bold-faced type.] VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS. YEAR AND MONTH. Index for PhilaRichSan MinneUnited Dallas Atlanta Chicago Boston New York delphia mond Francisco States 2 apolis. (24 stores). (64 stores). (13 stores). (19 stores). (22 stores). (59 stores). (16 stores). (19 stores). (29 stores). (265 stores) 100.0 126.1 107.7 111.2 100.0 100.0 119.9 106.4 112.5 100.0 100.0 100.0 100.0 100.0 133.6 105.4 109.2 133.7 113.9 111.6 151.9 124.0 122.4 100.0 118.4 97.0 101.7 100.0 135.7 114.1 114.9 142.8 116.0 108.9 132.7 113.3 114.4 135.4 113.1 113.9 January... February.. March April 107.0 114.7 126.6 134.4 116.8 128.0 142.8 148.6 106.0 115.5 127.9 127.7 111.1 125.3 149.4 143.0 111.0 127.9 129.6 130.9 133.6 137.3 147.5 163.1 99.6 111.9 122.9 120.0 108.4 124.6 133.4 134.7 99.7 111.8 139.3 131.1 113.9 124.3 138.3 142.0 May.... June July.... August. 130.9 123.5 119.2 124.5 137.2 131.0 130.2 138.0 122.7 120.8 102.2 121.5 133.8 131.6 130.8 135.0 125.7 129.9 135.0 141.3 152.4 150.6 146.7 150.8 125.7 120.5 120.0 126.3 143.9 134.9 149.7 169.2 131.3 136.2 134.3 141.6 136.7 133.4 131.5 139.5 September.. October November.. December.. 136.8 141.9 140.4 113.6 148.7 149.9 143.0 114.7 127.8 130.6 123.9 111.7 149.2 149.2 137.4 101.8 154.2 160.4 150.4 108.2 167.6 175.4 166.8 130.5 129.2 129.2 122.8 92.7 181.8 174.7 156.6 101.6 148.2 151.8 147.0 120.4 150.8 153.8 146.3 114.3 January... February.. March April 97.4 99.7 106.4 109.6 101.4 106.4 114.4 117.5 95.8 99.4 107.2 105.6 87.1 95.4 103.4 106.5 101.2 110.1 113.2 115.7 112.9 119.3 126.4 128.4 88.6 88.7 72.5 95.7 100.8 110.5 117.5 117.4 100.1 103.3 109.2 112.8 101.1 105.9 111.6 115.0 May.... June July.... August. 107.3 103.2 100.7 102.1 115.4 109.2 105.1 110.6 105.4 102.1 97.9 104.9 104.3 99.7 97.7 104.3 111.2 107.3 105.6 113.4 123.7 119.5 117.3 118.2 97.6 96.5 97.5 103.4 106.5 110.6 107.9 123.7 112.7 107.3 109.7 120.3 112.2 108.2 106.1 111.9 September.. October November.. December.. 113.0 120.1 125.8 106.6 122.4 127.6 130.0 109.0 114.9 119.7 121.0 103.0 121.4 124.5 124.0 96.8 126.0 131.6 128.6 103.4 131.6 138.7 137.6 114.5 109.2 111.9 111.9 90.8 133.6 131.2 133.5 99.2 124.9 126.3 127.9 104.0 123.1 127.6 128.6 105.6 January February March April 99.1 103.6 110.7 112.2 105.1 106.5 120.7 121.6 95.9 104.7 116.3 113.9 90.8 102.4 111.7 110.6 101.7 110.6 117.3 116.4 106.9 117.7 127.0 124.6 88.5 95.6 103.3 98.7 107.3 115.5 113.8 106.2 111.7 120.9 122.2 101.4 108.7 118.2 117.5 May June July.... August. 110.9 106.2 103.7 105.0 116.5 110.4 104.5 109.1 110.1 109.8 105.6 111.9 107.0 103.7 99.8 105.0 111.7 104.9 103.2 109.3 122.8 115.7 113.6 125.0 102.5 99.2 97.8 102.0 110.1 100.4 99.6 111.0 114.4 107.0 108.1 112.1 114.0 108.3 105.5 111.8 September.. October November.. December.. 116.9 125.1 130.0 110.5 120.2 120.5 131.4 110.4 121.6 127.5 126.7 105.9 119.5 130.3 126.0 103.2 118.5 121.3 123.1 101.2 128.9 134. 8 136 8 115.2 107.7 112.6 115.5 97.2 117.7 119.6 118.9 94.1 118.0 120.0 124.2 107.6 120.4 125.6 128.3 107.5 104.0 111.5 119.9 106.6 113.0 124.6 102.2 116.5 127.5 99.6 113.0 124.3 105.2 111.9 118.9 111.4 125.3 134.8 100.0 107.2 117.0 96.0 105.8 114.3 107.4 117.7 125.1 105.2 115.2 124.9 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av 1920. 1921. 1922. 1923. January February March April May.. June.. July.. 1 Data compiled by the Federal Reserve Board, Division of Analysis and Research, and are based upon dollar amounts as reported to the Board. Weighted index based upon the number of employees in retail stores as shown by the lat°st available census data. For details see Federal Reserve Bulletin for February, 1923. 2 152 EMPLOYMENT AGENCY OPERATIONS. Table 106.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] JOBS REGISTERED. WORKERS REGISTERED. YEAR AND MONTH. East- Cen- South- WestTotal. tral ern ern ' Total. ern States. States. States. States. East- Cen- South- WestEast- Cen- South- Western tral ern Total. ern tral ern ern ern States. States. States. States. States. States. States. States. Relative t o 6 m o n t h s ' avera ge, 6 months' average, 1921.. 1922 monthly average... 1921. July August . September October November. December 100 109 1OO 1OO 115 106 1OO 114 WORKERS PLACED. Applicants per job. July-December, 1921. 1OO 1OO 1OO 1OO 159 143 171 100 149 100 157 100 153 100 140 100 157 100 115 «84 98 128 95 101 114 98 95 2 97 »103 «87 109 * 105 131 83 76 108 106 98 85 116 115 111 115 97 109 8 94 MOO 6 94 95 101 «97 6 94 102 100 «104 93 99 101 97 U06 101 101 105 «96 104 122 112 115 <105 101 109 104 110 94 122 120 105 119 145 97 97 101 85 85 92 98 94 84 94 85 96 124 79 79 84 78 76 100 162 100 73 102 117 690 104 137 116 109 91 91 103 98 98 93 105 90 81 91 85 119 98 95 85 95 131 99 87 103 79 106 81 110 129 134 127 133 129 97 128 124 135 144 113 76 177 202 157 160 195 218 159 253 167 202 60 154 99 101 90 1922. January February March April Mav June July August September October November December 1923. January February.. March April 86 55 92 76 108 86 70 81 85 102 98 102 85 119 93 85 85 100 115 112 117 99 102 119 125 120 114 105 109 106 113 93 138 139 149 142 130 187 114 136 111 164 128 180 115 165 166 146 119 186 216 215 128 245 279 192 118 123 110 114 153 182 159 193 153 195 169 145 174 168 187 65 115 115 112 107 137 192 153 218 138 201 180 146 191 145 206 60 112 123 102 117 206 173 236 190 166 182 167 243 54 129 112 125 205 212 187 120 143 136 230 191 212 199 173 198 187 235 56 104 108 103 117 . 93 161 188 147 182 159 142 170 158 155 99 70 93 69 123 131 134 146 121 140 85 90 122 133 127 127 99 64 69 101 113 100 123 74 136 153 144 146 97 134 150 137 156 103 74 87 104 84 115 59 144 146 156 144 114 135 138 139 147 121 61 84 93 81 96 73 153 146 164 149 138 143 132 148 143 146 55 May July 70 See footnotes o n o p p o s i t e page. 153 EMPLOYMENT AGENCY OPERATIONSTable 107.—NUMERICAL DATA Data from Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] YEAR AND MONTH. Total. WORKERS PLACED. JOBS REGISTERED. WORKERS REGISTERED. East- Cen- South- WestEast- Cen- South- WestEast- Cen- South- Westtral era ern ern ern ern ern ern tral ern ern tral Total. Total. States. States. States. States. States. States. States. States. States. States. States. States. Applicants per job. Number. 1 6 months' average, 1921.. 202,132 1922 monthly avcrasre...! 220,774 ** 14,066 I 24,068 15,972 27,660 116,866 186,283 29, 967 53, 068 8,599 25,232 42, 799 91 000 12, 817 39,675 94, 478 144,936 23,941 43,072 6,835 20,630 33,479 67,500 10,494 33.462 1.73 1.26 42,913 2116,713 14,028 |6 22,652 39,149 8130,234 13,062 j 23,923 41,215 * 119,919 14,559 29,247 111,353 118,415 131,359 30,353 '2 51,694 j »8,080 8 21,226 !j 89,600 28,935 |3 56,213 j 8,646 ' 24,621 j | 95,427 , 34,446 j<55,874 ! 8,680 ! 32,359 ;! 107,354 23,464 41,745 *5,924 8 18,467 22,707 3 44,531 6,760 21,429 26,029 45,091 7,969 28,265 1.76 1.74 L56 7,460 18,875 25,341 24,568 | 42,250 6,667 19,211 21,537 | 34,828 6,230 17,533 1.57 1.81 2.06 45,314 124,700 131,828 1921. July August September 196,306 206,368 204,940 October November. December.. 220,052 40,942 195,322 38,137 189,806 '! 33,437 136,597 13,240 29,273 124,780 12,022 20,383 119,958 17,4S3 18,928 139,953 31,412 j 63,120 107, S02 29,407 1 50,138 92,315 25,247 41,371 12,446 i 32,975 101,662 7,237 | 21,020 92,696 6,505 | 19,192 80,128 i 1922. January February March April May June July..... August.. September. October November.. December.. 1923. January February March April j I 172,838 206,405 | 231,981 213,167 21,515 38,465 47,040 42,829 114,492 127,344 146,298 132,202 10,744 11.971 13,988 15,869 26,087 28,625 24,655 22,267 100,599 108.163 139,055 161,768 21,022 25,379 37,445 41,673 262,025 259,451 238,186 233 140 73,396 46,706 48,256 45,257 142,727 159,799 137,062 139,874 19,131 25,281 16,081 15,053 26,771 27,665 I 36,787 32,954 217,382 252,106 212,581 224,235 49,365 49,813 47,536 45,757 225,896 241,155 209,490 172,509 48,399 126,649 50,516 140,233 42,587 128,033 38,806 87,227 16,406 17,597 16,517 13,023 34,442 239.751 32, 810 248.164 22,'353 188,323 16,503 143,265 56,014 56,319 44,040 39,222 203,928 175,807 169,217 44,410 124,328 40,722 104,718 36,441 101,577 17,343 17,847 16,200 14,167 13,530 17,669 159,002 167,866 178,384 22,821 24,616 31,979 29,684 36,608 34,026 54,640 58,006 26,971 16,614 26,524 23,219 1.72 1.91 1.67 1.32 12,552 41,305 166,757 1129,878 23,984 48,431 191,301 ! 102,672 13,179 49,187 ! 159,884 | 115,930 11,872 50,774 169,711 37,544 38,323 34,804 35,033 83,813 10,879 34,521 94,080 17,298 41,600 74,950 11,453 38,672 82,323 9,941 42 412 1.21 1.03 1.12 1.04 109,190 14,872 59,673 121,864 16,406 53,574 96,515 12,537 35,231 70,993 10,378 22,672 179,644 187,949 149,962 115,595 39,749 41,433 31,033 31,729 78,250 11,435 85,348 12,762 73,238 10,773 54,719 8,666 50,206 48,406 31,918 20,481 .94 .97 1.11 1.20 45,745 76,253 j 12,520 24,484 43,707 82,985 | 12,408 28,766 43,611 87,281 ' 12,792 34,700 126,777 127,965 135,226 35,836 58,947 10,648 21,346 32,983 59,965 10,059 24,958 31,608 63,825 9,757 30,036 1.28 1.05 43,004 45,139 63,776 78,938 114,100 7,301 8,630 9,840 12,247 29,272 29,015 27,994 28,910 92,924 82,513 122,227 120, 763 I 6,524 7,257 9,084 9,854 .95 May.. June.. July.. i Compiled from weekly reports to the U. S. Department of Labor, Employment Service, by state and municipal employment agencies. Eastern states included in the report are Connecticut, District of Columbia, Massachusetts, New Jersey, New York, and Rhode Island (Delaware, Maryland, and Pennsylvania, now reporting, are excluded to show true comparison). Central states are Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Southern states include Alabama, Arkansas, Georgia, Kentucky, North Carolina, Oklahoma, Texas, and Virginia. Western states include Arizona, California, Colorado, Idaho, Oregon, and Washington; Montana is included beginning with March, its figures being so small as not to affect the total. 6 ' One week in July estimated for South Dakota. First two weeks in July estimated for Arkansas. • One week in August estimated for Iowa and Michigan. « First two weeks in July estimated for Washington. 'Month of September for South Dakota and one week for Iowa estimated. 154 LABOR. Table 108.—INDEX NUMBEKS. Baaed on data from Government sources. [Base year in bold-faced type; numerical data on opposite page.l FACTORY EMPLOYMENT. United I I States.* I I YEAR AND MONTH. Xpw ew ^ Employees on pay roll. Relative to 1921. 1913 mo. av. 1914 mo. a v . . . 1915 mo. av 1916 mo. av 1917 mo. av 1918 mo. av 1919 mo. av 1920 mo av 1921 mo. av 1922 mo. av ^ Kork.3 Total pay roll. Relative to 1914. Illinois. Detroit. N u m b e r of employees. Relative toMav, 1921? Relative to 1920. RAILWAY EMPLOYMENT. Wisconsin Relative to 1915 (first q u a r t e r ) . Relative to 1916. Relative t o 1913. 1OO 100 103 105 112 106 141 128 160 125 100 1OO 126 166 136 198 146 105 118 26 25 128 210 140 258 186 112 178 15 32 120 227 136 284 209 116 194 17 35 124 100 110 107 121 281 135 342 254 122 249 44 70 97 201 94 191 202 101 191 6 1OO 49 68 105 211 107 210 196 100 82 64 37 40 80 64 98 30 123 284 138 361 262 131 281 131 344 263 130 263 122 306 251 106 241 113 270 104 98 217 25 100.0 103 100 214 35 101.6 102 100 218 50 98.6 December 1922. January. February. . . . March.... April Relative to Apr.-Dec. average. 1OO 114 September October. November.... December EMIGRATION.5 Average Total Number Total Pennsylweekly of empay roll. earnings. ployees. compenvania. station. 121 May .. June . . July August IMMIGRATION. 4 1OO 1920. September . . . 1921. January February . . . . March April UNEMPLOYMENT. 101 99 208 101 96 201 98 95 97 1 1(M» 39 24 87 79 126 75 67 239 120 78 82 222 0 222 0 110 63 58 218.0 214.0 102 57 58 213.3 216.4 97 62 51 7 268 7 206 65 93.1 200.6 215.5 94 89 60 64 64 91.5 191.6 96 91 69 59 196 62 88.6 177.0 209.4 199.7 96 88 49 80 93 189 67 89.4 166.8 186.7 99 100 39 74 98 93 190 106.0 66 92.0 185.5 201.6 102 175 186 112 41 75 99 96 194 112.1 109.2 108.2 103.9 65 93.5 179.6 192.0 104 183 107 41 90 63 94.4 181.6 192.4 106 194 105 39 76 64 93.9 176.5 188.0 105 184 105 38 58 34 94.5 179.2 189.7 99 176 102 26 67 105.5 105.7 107.4 107.0 64 95.6 167.9 175.6 94 168 122 19 31 69 96.5 184.5 191.2 94 159 119 15 28 75 99.5 186.7 187.6 95 177 117 21 31 85 101.9 193.1 189.5 96 166 106 25 49 110.4 114.9 110.1 111.2 96 104.7 206.3 197.2 99 177 31 J02 109.5 219.3 102 45 53 107.3 199.9 89 182 158 30 103 200.4 186.3 82 63 47 45 60 99 108.6 216.7 199.5 97 184 38 46 38 93 110.1 220.6 200.3 104 195 31 56 34 99 111.1 229.2 206.3 110 209 21 60 35 102 116.4 247.1 212.3 111 204 34 120.1 251.3 209.3 109 202 14 11 56 104 37 37 108 204 23 100 99 195 101 99 193 96 99 198 100 97 191 100 100 195 103 101 200 100.0 7 191 104 100 194 May June July.... August 107 101 200 110 111 103 205 103 204 111 105 212 September October November December 113 107 221 117 110 227 120 113 237 120 115 243 124 114 241 114 120 7 245 0 203.0 8 32 128 116 241 120 124.7 261.6 210.0 8 33 17 131 119 257 125 125.5 263.9 210.4 7 45 21 1923. January February March April 131 113.0 114.9 117.2 119.0 128 6 4 May July See footnotes on opposite page also. Data on employment in Except railway em" lew York De-part1,428 United States factories" basis of reliable ment of Labor; Wisconsin fai statistics, b the.Pennsyh^ania Department of Labor and Industry, Bureau of Employment; Immigration and emigration statistics from U. S. Department of Labor,B by t h P Bureau ttiti of Immigration; index of Illinois employment from " The Employment Bulletin." 3 Information is from 1,428 factories, usually employing over 500 workers each. 1 155 LABOR. Table 109.—NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] FACTORY EMPLOYMENT. United States.2 Y E A R AND MOJSTH. New York. 3 Total p a y roll. Thousands. 1913 monthly 1914 monthly 1915 monthly 1910 monthly 1917 monthly Employees o n pay roll. Thousands of dollars. average average average average average 478 494 579 604 1918 monthly average 614 573 12,481 13,490 16,711 11,943 12,524 Employees o n pay roll. 594 1,559 1,710 464 500 1,647 1,733 177,533 97,845 161,260 Total c o m pensation. UNEMPLOYMENT. 1,S42 ! 1,913 i 2,013 j 1,661 1,645 EMIGRATIONS Number. 118,936 110, 923 30,187 30, .502 30,240 §122,381 144,957 217,818 236,927 305,212 233,408 222,432 IMMIGRATION.1 Pennsylvania. Thousands !| Number of dollars, j; unemployed. Number. $5,942 6,377 8,366 9,892 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average Detroit. RAILWAY EMPLOYMENT. 50,994 52,817 32,015 20,067 12,19S 17,654 10,100 19,752 IS, 019 51,798 s 263,027 169,577 35, 672 57,804 34,403 43,041 20,192 1920. 588 577 545 506 September. October November. December. . 16,884 12,894 44,973 12,734 62,878 2,165 2,136 2,068 1,976 16,681 15,655 14,330 94,852 32,506 103,209 40,047 89,224 34,386 93,233 ^327,536 41,935 1921. January February.. March April 1,628 1,613 1,588 1,581 467 476 480 471 May June July August 1,574 1,527 1,510 1,526 461 453 444 443 September. October.... November.. December.. 1,545 1,560 1,567 1,493 461 472 471 471 January— February.. March April 1,557 1,565 1,605 1,617 464 478 484 478 11,330 113,099 11,563 121,763 11,901 132,620 11,546 151,000 1,552 1,545 1,570 1,578 May June July August 1,669 1,722 1,730 1,728 482 490 490 # 501 11,857 170,126 1,628 12,199 180,971 1,685 222,933 September. October November. December.. 1,767 1,819 1,864 1,877 511 528 540 548 1,938 1,999 2,037 2,040 547 554 14,341 14,329 567 15,262 12,955 88,572 12,335 116,193 11,929 113,406 11,641 110,331 11,219 118,803 ll,2S0 116,789 11,550 115,975 11,571 111,403 11,465 113,136 11,744 60,951 1,805 1,677 1,593 1,543 j 1,576 1,586 1,635 1,680 1,718 1,754 1,732 1,637 i 252,442 75,384 29.447 67,483 29,562 74,147 26,236 233,645 70,780 32,700 238,625 82,048 30,029 232,520 7 233,228 57,803 40,950 214,339 263,000 46,367 37,791 227,746 294,985 48,707 38,352 223,973 282,125 48,814 45,752 237,603 276,675 45,975 38,956 225,304 276,345 44,648 29,646 214,921 269,322 30,897 34,130 205,179 321,893 22,633 15,585 194,523 313,835 17,643 14,423 210,704 308,540 24,539 15,696 203,413 278,850 29,166 24,962 210,672 215,410 167,405 124,005 99,210 30,X*0 23,147 30, 236 26,944 53,242 30,834 55,033 19,499 1922. 12,136 183,494 1,468 193,571 12, 580 176,640 1,594 224,977 13,145 165,015 1,709 238,735 13,514 175,147 1,804 255,514 14,061 181,325 1,820 249,287 14,460 184,022 1,789 247,673 202,959 213,790 1 221,139 I 227,344 1,780 250,052 82,790 56,052 37,880 28,398 67,016 71,192 66,130 43,984 22,333 20,615 17,903 14,940 38, 253 38,700 53,330 17,261 17,847 17,279 18,830 1923. January... February. March April May June July 11,502 8,844 10,030 11,605 See footnotes on opposite page also. * Figures represent reports from 1,648 firms in New York State employing more than one-third of the factory workers of the State. The 1914 average upon which the index numbers aro calculated is an average of the 7 months, June to December, 1914, inclusive. As originally published by the New York Deimrtmrnt of Labor, the index numbers are based on June, 1914, and have been recalculated to the 7-tnouth average. « Includes total admitted, both immigrants and nonimmigrants. « Nine months' average, April to December. & Includes total departed, both emigrants and noneinigranls. i Average for the quarter begiuning with the mouth for which figures aro shown 156 COST OF LIVING. Table 110.—INDEX NUMBERS. Based on data from Government and non-Government sources. [Base year in bold-faced type.] FOOD. SHEL- CLOTHTER. ING. Y E A R AND M O N T H . FUEL SUNALL I AND LIGHT. D R I E S . ITEMS. FOOD. FURNITURE FUEL AND MISHOUSAND HOUSE CELLA- TOTAL. ING. LIGHT. FUR- NEOUS. NISHINGS. CLOTHING. 1 Compiled by the U: S. Department of Labor. 2 Compiled by the National Industrial ( onference Hoard. 100.0 100.0 100.0 100.0 100.0 105. 0 101.0 100.0 101. 0 104.0 103.0 103. 0 105. 0 104. 7 101.5 | 101.0 110.6 107.4 105.1 126.0 1913, average 1914, July 1914, December 120. 0 102. 3 108.4 127.8 113.3 us. 2 157.0 1X7 0 119.1 205. 3 100.1 109.2 124.1 147.9 150.6 213.6 140.5 165.8 142. 4 174. 1 195. 5 241.6 119.8 151.2 244. 3 181.7 188. 3 198. 5 223.0 143.0 183.4 289.6 204.8 208.5 149.3 199.7 160.0 181.1 230.1 207.8 177.3 141.5 172.7 161.2 180.1 205.1 201.6 167.3 144.7 222.6 159.0 181.6 247.7 208.8 180.4 153.1 192.1 160.0 180.7 224.7 207.8 177.3 150.0 184.4 161.0 181.1 218.0 206.8 174.3 138.7 175.5 160.9 175.8 206.5 203.3 166.9 141.0 172.3 160.9 174.4 202.9 201. o 166.6 171.3 161.1 183.8 ; 202.0 201.1 166.3 161.9 186.4 i 20S. 2 200.5 169. 5 217.4 200.3 1C8.8 100.0 100 1OO 1OO 1OO 1OO 1OO 1915, July 1915 December 100 100 103 102 100 101 1916, July 111 102 120 ; 101 104 109 140 105 ' Mo 126 117 100.0 131 | 1916 December 1917, July 1917 December. 1918 December I . 19is, average for 2 months.. 1919, av. 2mos.(June, Dec). 1919, average 3 months 1920, monthly average 1920, av. 2mos. (June, Dec.) 1921, monthly average 1921, av.3 mos. (May, Sept., Dec.) 1922, monthly average 1922, quarterly average 173 118 1S5 138 152 159 l 205 129 154 205 201 144 168 164 185 172 198 : 156 169 166 183 184 167 142 166 155 179 173 157 186 1921. 166 162 168 162 164 159 169 169 169 169 157 160 161 157 179 179 179 179 183 180 178 178 165 164 163 163 150 142 139 139 169 169 165 165 156 156 154 155 178 177 174 174 178 177 174 174 161 158 155 155 139 141 142 139 165 165 165 165 156 153 154 153 174 174 174 181 174 174 172 172 155 155 156 155 140 September October November Docem ber 171 171 169 169 155 153 153 152 i June . July.. August 178 148 Mav 165 165 167 167 155 157 160 156 1X7 1S7 186 1*7 172 172 171 171 156 157 158 159 152 145 144 178 179 179 185 185 185 183 163 ! 162 1922. January February March April May June July August September October November December 14a 145 147 139.8 \ j 146.6 171.5 i 1923. January February March April . ... 144 142 142 167 167 170 160 162 168 187 171 158 187 171 158 186 173 159 142.0 162.4 174.4 186.2 1 1 Index numbers represent retail prices on the first day of the month, except food, which is the retail food index of the U. S. Bureau of Labor Statistics for the 15th it rcta of the preceding month. Beginnin,, with March, 1922, all prices shown are as of the 15th of the month indicated. The index is weighted according to the estimated ginning war, on the following basis: Food 43.1 percent, shelter 17.7 per cent, clothing 13.2 per cent, fuel and light 5.6 per cent, consumption of average wagei earners before the \ sundries 20.4 per cent. 2 Index numbers represent averages for the month in 32 cities: food prices reported by 15 to 25 dealers in each city, fuel and light by 10 to 15 firms, including public utilities, in each city; other quotations secured directly from records. Rentals are based on 250 to 950 houses and apartments in each city, and for each item of clothing, furniture, and miscellaneous, four quotations are secured in each city (live in New York City). 157 PRICES. Table 111.—INDEX NUMBERS. Based on data from Government sources,1 [Base year in bold-faced type.] WHOLESALE PRICE INDEX NUMBERS. (Revised.) (Compiled by U. S. Department of Labor.) Farm YEAR AND MONTH. Relative to 1913. 100 85 127 100 93 88 120 100 92 94 120 100 101 134 181 100 100 100 106 100 95 95 121 100 98 101 127 100 102 101 114 100 108 110 124 100 103 95 111 175 228 253 295 180 ISO 169 170 181 241 199 220 231 187 162 192 129 157 172 201 204 165 109 202 215 169 200 130 124 125 153 184 254 195 176 148 156 175 196 128 117 177 194 206 226 147 149 146 167 186 203 153 142 208 224 234 238 109 113 164 192 198 168 107 111 139 137 141 146 173 172 172 171 200 191 186 184 138 133 124 117 165 163 160 156 134 133 129 129 209 196 180 179 126 125 123 119 145 142 141 142 145 144 148 155 106 107 107 108 109 104 109 113 124 124 121 120 142 140 139 136 178 180 180 180 181 187 197 199 116 116 114 113 156 159 163 158 131 131 129 127 179 180 178 178 118 118 119 121 141 142 141 140 153 153 110 104 January February March April 122 131 130 129 131 135 137 137 176 174 172 171 195 191 191 194 112 110 109 113 157 156 155 156 124 123 125 124 178 177 175 175 117 117 117 116 138 141 142 143 142 142 139 139 98 105 112 115 95 108 117 115 May.... June July . . . August. 132 131 135 131 138 140 142 138 175 179 180 181 216 225 254 271 119 120 121 126 160 167 170 172 122 122 121 122 176 176 173 173 116 114 114 115 148 150 155 155 139 141 142 139 118 119 118 114 us 119 119 112 September.. October-.... November.. December.. 133 138 143 145 138 140 113 144 183 188 192 194 244 226 218 216 134 135 133 131 180 183 185 185 124 124 127 130 173 176 179 182 116 120 122 153 154 156 156 140 143 145 147 110 110 118 123 109 110 105 104 1923. January February... March April 143 142 143 141 141 141 143 196 199 201 218 212 206 133 139 149 154 188 192 198 204 131 132 135 184 184 185 124 126 127 126 156 157 159 159 144 142 142 126 130 134 10f) 107 106 1913 1914 1915 1916 i;io. mo. mo. mo. av av av av 100 103 104 123 100 102 105 121 1917 mo. 1918 mo. 1919 mo. 1920 mo. 1921 mo. 1922 mo. av av av av av av 190 218 231 218 124 133 167 188 207 220 144 139 May June July August. 118 114 119 123 September October November December I 1921. 152 92 150 91 1922. May.. June.. July.. i Wholesale prices and retail food prices from the U. S. Department of Labor, Bureau of Labor Statistics; farm prices from the U. S. Department of Agriculture, Bureau f Agricultural Economics. - m e leucin IUUU pnue IIIUOA uuuipiiou u the larger cities as of the 15th of the month. • As of the 15th of each month. Farm prices represent the relative average prices to farmers of the 10 leading crops and leading live stock respectively. 158 WHOLESALE PRICES. Table 112.—INDEX NTJMBEKS. Based on data from Government and non-Government sources.1 [Base year in bold-faced type.] COMPILED BY FEDERAL AgriculMineral Animal Forest tural products. products. products. products. RESERVE BOARD. (Revised.) Total raw Producers' products. goods. Consumers' goods. All commodities. DUN'S. BRADSTREET'S Y E A R AND MONTH. 21 quotations. 35 21 11 quotations, quotations.; quotations. 300 117 199 404 quotations. quotations. quotations. quotations. commodiRelative to 1913. 100 102 112 130 211 100 103 98 119 174 100 92 90 102 135 1OO 92 97 138 191 1OO 99 101 126 187 1OO 92 97 143 184 100 101 102 119 163 100 98 101 243 250 255 134 145 203 221 186 110 125 157 211 312 166 185 181 180 236 185 208 205 218 229 142 159 181 179 214 135 128 January... February. March April 157 148 138 128 120 117 119 108 197 179 169 160 224 204 194 189 166 155 150 141 May.... June July.... August. 134 126 122 123 106 103 113 114 159 158 155 152 186 178 172 169 September. October November. December.. 141 135 130 130 105 107 103 103 154 162 175 169 January... February. March.... April 130 140 141 145 109 121 122 120 May.... June July.... August . 152 116 147 138 September. October November. December.. 1013 monthly 1011 monthly 1015 monthly 1916 monthly 1017 monthly average. average. average. average. average. 100 101 100 97 107 128 170 191 211 231 159 151 194 206 226 147 149 190 191 207 141 142 203 203 204 123 132 160 152 145 139 180 170 168 161 170 160 155 148 164 154 150 144 137 134 129 123 140 135 135 135 137 133 128 125 156 153 154 157 145 142 141 142 138 137 132 135 117 115 116 120 168 174 178 179 137 138 137 137 126 126 125 125 155 154 153 151 141 142 141 140 134 134 135 136 120 121 123 123 167 166 165 167 178 177 178 180 139 146. 147 148 123 118 120 122 146 148 150 149 138 141 142 143 136 136 140 137 123 124 126 125 122 123 130 127 174 186 188 191 202 211 241 261 157 159 171 173 125 127 129 129 150 151 154 149 148 150 155 155 139 140 144 143 127 129 131 131 136 147 160 161 1918 monthly a v e r a g e . . . 1919 monthly a v e r a g e . . . 1920 monthly a v e r a g e . . . 1921 monthly a v e r a g e . . . 1922 monthly a.vwage.. - 127 177 105 123 199 132 132 129 128 199 204 207 210 236 218 209 208 168 166 166 167 132 135 136 135 150 152 155 157 153 154 156 156 142 145 151 153 131 136 145 150 104 170 174 125 123 123 215 213 207 202 168 167 167 136 141 148 155 155 156 156 157 159 153 154 158 160 149 149 151 151 159 148 1921. 1923. January... February. March April May... June.. July... 220 227 1 First eight columns give the revised wholesale price index numbers of the U. S. Department of Labor, Bureau of Labor Statistics, as reclassifled by the Federal Reserve Board into the groupings as shown. The weights are the same as those used by the Bureau of Labor Statistics and the total of all commodities is therefore the same as the revised J >epartment of Labor index. Dun's and Bradntreet's index numbers are calculated as of the first of each month, but really refer to prices in the preceding month; the index numbers have been calculated to a 1913 base from the actual figures as published in these Journals. Bradstreet's index is the sum of prices per pound of the commodities, while Dun's is weighted by the amount "annually consumed by each inhabitant." 159 FOREIGN PRICE COMPARISONS. Table 113.—INDEX NUMBERS. From Government and non-Government sources. [Base year in bold-faced type.] UNITED STATES.1 All Goods G o o d s comimexmodiported. ported. ties. YEAR AND MONTH. 1 8 40 quota- quotations tions. 90 quotations. FRANCE. UNITED KINGDOM. Lon- British U.S. don Board Fed. of Res. Economist. Trade. Board. (3) (6) (2) Gen. Stat. Bureau. (4) CANADA. ITALY U.S. Fed. (5) Res. Board. (6) SWITSWEZERD E N . LAND. 7 () (8) 100 1913 monthly av 1OO 100 1OO 1OO 1OO Can. U.S. Bank U.S. Fed. Dept. Fed. of Res. of Japan. Res. Board. Labor. Board. (10) (6). (6) (9) Rel. to Julv, 1914. Relative to 1913. 100 99 123 100 i 101 137 100 ! 100 JAPAN. 1OO 100 100 133 (12) 1OO 101 96 1OO 110 95 INDIA (Calcutta). Relative t o July, 1914. Relative to 1913. 100 AUSTRALIA. (u) 97 100 141 1916 monthlv av 160 187 j 202 135 117 132 1917 monthlv av 204 262 ! 299 177 149 155 339 225 1918 monthly av 174 1919 monthly av 222 211 235 241 409 206 193 170 357 364 217 207 235 180 1920 monthly a v . . . . 191 235 239 283 314 314 510 478 624 347 326 246 250 259 218 204 1921 monthly av 108 136 148 181 202 201 345 321 578 211 196 182 167 200 181 167 181 1922 monthly av 124 157 158 159 161 167 327 298 562 162 166 165 149 196 180 154 1921. July 103 126 198 196 330 312 520 211 179 176 163 196 178 159 183 104 127 145 146 178 August 179 194 195 331 302 542 198 177 174 166 199 177 160 184 September 106 149 146 183 191 194 344 301 580 182 181 1 172 158 207 192 160 187 October 107 146 145 170 185 187 331 295 599 175 - 184 169 149 219 202 156 184 108 143 145 166 176 177 332 292 595 174 182 168 145 214 197 151 180 m 141 142 162 171 172 326 287 595 172 178 170 145 209 193 148 180 November .. . . December •\ 1922. January 110 139 142 159 168 170 314 286 577 170 176 168 144 206 191 147 178 February 110 142 146 158 165 167 306 283 562 166 171 169 149 204 147 179 111 144 147 160 163 168 307 287 533 164 171 166 150 201 185 182 146 182 115 144 149 159 163 167 314 299 527 165 163 166 152 198 180 148 182 March April . . . . May 119 155 158 162 164 171 317 302 524 164 161 167 154 194 183 155 187 June 124 163 161 163 163 169 325 303 537 164 160 165 153 197 187 156 183 July 129 165 165 163 163 171 325 306 558 165 161 16*; 154 201 195 157 181 August 127 162 165 158 159 168 331 297 571 163 163 164 149 195 187 155 178 128 September October . . . . 157 164 156 157 165 329 293 582 158 163 163 144 193 179 158 176 135 163 165 158 155 163 337 293 601 155 163 162 145 190 174 159 177 November 137 173 164 159 157 165 352 306 596 154 169 164 147 188 172 162 178 December 138 174 164 158 155 166 362 315 580 155 170 165 147 183 173 161 176 January 139 180 165 161 157 167 387 324 575 156 175 165 148 184 176 163 179 February 146 187 166 164 158 170 422 355 582 158 181 166 152 192 183 161 180 March 154 193 169 163 160 175 424 372 586 162 186 167 155 196 185 163 181 1923. April 165 May June July i D a t a i n t h e first three columns are original compilations of t h e Federal Reserve Board constructed for t h e purpose of international price comparisons; basic prices a r e obtained from trade journals a n d private firms a n d weighted according t o t h e 1913 volume imported a n d exported, respectively, for ' ' i m p o r t e d g o o d s " a n d " e x p o r t e d goods.'-1 T h e total index n u m b e r includes also goods produced, weighted b y production i n 1913, and goods consumed, weighted b y consumption in 1913. 3 Compiled b y t h e London Economist; quotations on 44 commodities, mostly r a w materials, unweighted. 8 Compiled b y British Government Board of Trade; quotations on 150 commodities. 4 Compiled b y Bulletin dela Statistique Generale of t h e French Ministry of Labor a n d Social Welfare; quotations on 45 commodities, mostly raw materials, unweighted. & Compiled b y Prof. Bachi; quotations on 38 commodites u n t i l 1920, thereafter 76 commodities. e Compiled b y t h e Federal Reserve Board on t h e same basis as their United States index for international price comparison. Detailed descriptions of these index n u m bers m a y be found i n t h e following n u m b e r s of t h e Federal Reserve Bulletin; United Kingdom, February, 1922, p p . 147-153; Canada, July, 1922, p p . 801-806; France, August, 1922, p p . 922-929; J a p a n , September, 1922, p p . 1052-1059. i Compiled b y Svensk Handelstidning as of t h e middle of each m o n t h ; 47 quotations. s Compiled b y Neue Zuricher Zeitung as of t h e first of each m o n t h ; quotations on 71 commodities. ms on 92 commodities, weighted by consumption. 160 PUBLIC FINANCE. Table 114.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type.J YEAR AND MONTH 1918 monthly 1919 monthly 1920 monthly 1921 montlily 1922 monthly average... average average . average average 1921. January February March. . . . April 1OO 1OO 1OO 4 4 4 11 92 101 103 66 96 107 67 10S 106 7 71 154 168 82 84 48 100 45 57 576 1,313 92 93 1OO 58 642 2,250 1OO 1OO 96 99 101 8SS 742 110 109 94 96 98 687 651 100 99 91 87 144 506 463 91 89 98 360 682 112 112 80 412 617 107 106 1.527 943 106 105 868 103 102 94 98 97 94 97 94 97 110 152 94 96 96 96 371 648 102 101 94 93 1,243 825 102 101 93 95 75 99 98 95 99 346 402 566 94 September October... November December 512 96 95 1,142 468 95 94 394 535 95 93 324 570 98 1,227 580 103 317 127 152 2<J1 94 94 93 92 94 92 1922. January . . . February. March April 95 92 93 92 92 94 i ' 88 99 491 94 93 92 93 91 406 96 94 320 90 i ' 913 573 90 91 89 89 88 88 127 328 426 91 8S 92 89 134 342 418 90 SS 90 90 88 146 S7 90 85 141 147 553 3S4 89 86 7S4 340 359 3S3 88 89 86 87 91 May June July August September. October November December 89 200 754 535 92 89 vS4 151 499 723 93 90 90 84 157 376 327 94 91 89 SO 141 773 510 96 93 89 78 174 354 425 92 89 89 78 1S2 327 429 94 90 89 7S 234 1,062 546 95 91 88 . . . 85 90 1923. January February. March April Per capita. Thousands of dollars. Millions of dolls. Dollars. Millions of dollars. B.—NUMERICAL DATA. 94 May June... July August Total. NUMBERS 4 ! MONEY IN CIRCULATION.* Total Total Customs ordinary o r d i n a r y expendireceipts.** receipts, s tures.^ 1 Relative to 1919. Relative to 1913. A..—INDEX average average average average average.. U. S. GOVERNMENT FINANCES. Total Total Cus- Total inter- Liber- toms ordi- ordiTotal nary nary Total. Per Interest* Liberty est4 exrecapita. bearing.3 loans. bear- loans.; ceipts.^ re- pendiceipts. tures.^ ing.s Relative to 1919. 1913 monthly 1914 monthly 1915 monthlj' 1916 inontlily 1917 monthly U.S. GOVERNMENT DEBT. MONEY IN CIRCULATION.8 U.S. GOVERNMENT FINANCES. U. S. GOVERNMENT DEBT. 78 202 401 531 826,573 S966 968 970 972 2,713 SI,466 18,830 11,986 25,234 24,336 23,598 22,846 9,313 20,726 20,537 19,828 IS, 019 15,228 23,756 23,820 23,741 23,760 20,228 20,165 20,102 20,056 23,710 23,739 23,534 23,680 19,995 19,844 19,776 19,611 23,675 23,201 23,365 23,189 19,717 19,537 19,491 19,408 23,152 23,238 22 904 22,954 19,372 19,129 18,458 18,405 23,139 22,710 22,716 22,795 18,361 IS,292 17,751 17,534 22,558 22,XI7 22,698 22,476 17,584 17,418 17,336 16,584 22,354 22,366 22,389 22,327 16,119 16,141 16,110 16,084 24,360 17,482 17,766 15,286 26,961 26,160 38,197 25,925 21,153 29,204 40,417 25,485 24,723 19,796 26,449 23,357 26,408 24,843 26,155 ! 27,251 33,652 40,288 33,804 35,578 38,862 37,492 39,012 53,135 40,136 41,647 37,502 46,346 48,311 j 62,172 53,736 360,343 61,223 58,159 64,972 93,181 856,898 58,355 60,950 60,374 95,658 $4,018 $38.59 347,834 387,300 536,006 414,323 305,474 747,211 1,280,447 422,039 370,485 263,578 4,500 4,915 5,385 4,927 4,497 42.53 46.00 50.29 45.62 40.97 217,328 24S,564 921,628 296,171 388,179 351,102 536,476 494,091 5,501 5,233 5,206 5,051 51.29 48.73 48.41 46.91 223,706 750 017 209,068 242,443 368,451 469,614 321,819 291,158 5,020 5,012 4,866 4,737 46.57 46.43 45.02 43.77 689,328 237 848 195,483 740 293 266,524 304,158 324,483 329 766 4,672 4 663 4,607 4 553 43.11 42 98 42.41 191,001 175,651 550,758 197,920 231,247 4,707 4,412 4 433 4,449 206,376 472,936 204,977 216,778 237,961 454,809 301,239 226,974 466,273 213,558 197,517 641,082 241,830 182,206 325,955 242,561 314,770 218,697 218,026 304,132 411,110 186,322 289,944 241,717 243,989 310,473 4,418 4,376 4,337 4,394 4,521 4,570 4,617 4,733 4,509 4,611 4,656 301,848 May July 1 From V. S. Treasury Department, except money in circulation, prior to July 1, 1922, from the Federal Reserve Board. 1 Represents money held outside of the U. S. Treasury and the Federal Reserve system; figures for years 1917 to 1920 are as of Dec. 31. « Figures for the years 1913 to 1920 are as of June 30. «Includes Liberty and Victory Loans and War Savings Securities; figures for the years 1913 to 1919 are as of June 30. 6 Monthly averages for fiscal years ending June 30, 1913 to 1920. 41 85 43.22 40.46 40 60 40.69 40.36 39.87 39.47 39.93 41.04 41.44 41.80 42.81 40.74 41.61 41.98 161 LIFE INSURANCE—NEW BUSINESS. Table 115.—(A) INDEX NUMBERS AND From commercial (B) NUMERICAL DATA. sources,1 and trade [Base year in bold-faced type.] ORDINARY INSURANCE (40 companies). Y E A R AND MONTH. Number of Value. policies. INDUSTRIAL INSURANCE (6 companies). Number of Value. policies. GROUP TOTAL INSUR- INSURANCE ANCE (40 com(11 companies). panies) Value. Num- | ber of Value. policies. ORDINARY INSURANCE (40 companies). Thou- ] sands of1 policies. Thousands of dollars. INDUSTRIAL INSURANCE GROUP INSURANCE (11 companies). (6 companies). I Thou- I sands of Dolicies. Thousands of dollars. TOTAL INSURANCE (40 companies). ThouNumThouber of sands of sands of policies. dollars. policies. Thousands of dollars. Relative to 1913. A.—INDEX NUMBERS. B.—NUMERICAL 100 100 100 100 100 100 100 107 122 142 97 104 127 150 108 113 109 109 106 112 113 119 182 221 350 755 107 112 111 114 145 232 265 212 211 157 273 332 274 300 114 122 132 145 153 127 150 179 202 1,204 1,992 1,895 508 1,276 January February... March April 193 212 246 246 253 267 311 311 128 133 180 177 228 184 413 368 663 464 May June July.... August. 227 224 205 191 300 292 267 250 172 145 113 117 241 202 158 163 555 383 283 357 September. October November. December.. 191 200 192 224 231 250 244 317 133 177 153 174 186 249 210 244 319 297 1922. January February... March April 172 193 226 218 232 274 318 310 142 150 180 151 May.... June July..-. August.. 228 222 215 201 326 319 308 292 164 152 143 135 September. October.... November. December.. 191 257 203 209 250 283 385 126 164 161 172 1923. January February March April 205 215 282 251 302 315 411 369 144 145 176 250 1913 m o n t h l y a v . 1914 monthly av. 1915 m o n t h l y av.. 1916 m o n t h l y avl. 1917 monthly av.. 1918 monthly av.. 1919 monthly av.. 1920 monthly a v . . 1921 monthly a v . . 1922 monthly a v . . 100 1G1 107 125 146 119 157 141 252 153 301 156 256 287 163 74 74 79 90 105 $131,839 128,358 136,700 167,970 197,310 DATA. 380 410 429 415 414 951,909 55,217 58,128 58,645 61,484 4 4 8 25 60 $1,445 2,628 3,188 5,052 10,908 454 484 507 504 519 $185,193 186,203 198,015 231,667 269,702 66,099 17,401 28,785 27,377 7,335 18,440 540 638 696 707 738 289,882 466,866 558,043 473,951 531,951 107 172 196 157 156 206,382 360,180 437,623 361,803 395,277 433 465 500 550 93,044 55 134 149 104,813 51 582 118,233 487 484 621 507 93,357 77,901 1921. 295 127 163 139 141 234 243 177 291 143 157 182 152 277 182 333,787 352,027 410,146 410,624 181 129 285 268 237 226 168 166 152 141 395,445 385,075 352,134 329,124 232 1,757 143 181 159 182 220 250 234 308 141 148 142 166 200 214 256 237 920 513 1,053 1,687 146 157 187 161 228 259 307 300 241 223 213 198 689 1,164 766 672 175 164 154 146 187 1,162 256 996 243 1,144 265 4,549 217 221 266 401 948 687 1,374 2,298 5,974 629 433,118 5,324 641 449,217 118,478 40 43 43 9,581 803 538,205 95,759 48 6,709 652 550 431 446 125,232 104,909 81,872 84,583 44 45 29 36 8,023 5,529 4,088 5,153 820 716 587 528,699 495,512 438,093 418,859 305,191 329,232 321,236 417,621 507 672 581 662 96,805 129,165 109,087 126,646 22 28 24 210 4,607 4,293 3,350 25,388 649 406,603 723 433,673 569,655 127 143 167 161 305,528 361,571 419,839 408,361 538 569 684 572 103,725 110,954 132,833 123,208 49 51 40 13,287 7,420 15,215 24,379 665 712 850 733 422,540 479,945 567,888 555,948 305 299 285 268 164 159 149 429,236 420,362 405,609 384,328 624 579 542 512 125,084 115,959 110,423 102,901 61 58 55 44 9,962 16,814 11,068 9,709 793 743 701 661 564,282 553,135 527,099 496,938 137 170 169 1&5 245 281 287 384 141 150 155 185 338,789 372,902 389,367 507,436 480 653 97,257 132,790 125,960 137,707 49 57 61 406 16,785 14,392 16,524 65,730 621 773 766 839 452,831 520,084 531,852 710,873 152 159 209 186 398,150 415,006 541,388 485,874 547 551 112,678 114,758 60 73 104 13,701 9,933 710 524,528 539,698 950 208,105 879 1,137 72 ,179 158 128 154 283 156 291 194 377 250 393 623 611 91,866 137,853 19,848 33,199 513,092 583 820 May.. June. July.. 1 Compiled by the Association of Life Insurance Presidents. The data represent only new business that has been paid for, exclusive of revivals, increases, and dividend additions. The 40 companies whose new business is included in this table had in force 77.1 per cent of the total legal reserve life insurance outstanding in the United States as of Dec. 31, 1920. 43622°—23 11 162 SAVINGS DEPOSITS. Table 116.—INDEX NUMBERS. Based on data from Government and non- Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] BALANCE T O CREDIT O F DEPOSITORS—END O F M O N T H . Federal Reserve Districts. YEAR AND MONTH. Total New Boston. Y o r k . deposits. 4 Philadelphia. Cleve- Richland. mond. Atlanta. Chicago. New York Rel. to 1921. Relative to 1920. Relative to 1913. Relative to 1920. 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly a v . . 1918 monthly av 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av 1OO 103 105 111 115 100 112 111 ll'j 100 103 101 103 102 107 103 102 103 106 May June.. . July August September October November December... 1920. September October November December 1921. January February. March April United State Stages postal San St. M i n n e - Kansas Dallas. Fran- savings savings. banks.? Louis. apolis. City. cisco. 1OO 106 111 1OO 102 103 101 102 102 103 104 102 105 109 106 107 107 107 108 107 103 107 106 103 107 106 105 103 103 102 105 105 1OO 106 109 86 1OO 106 114 1OO 149 187 282 360 117 129 143 153 422 406 411 388 348 1OO 103 111 1OO 110 118 1OO 107 116 102 101 102 106 102 103 102 105 106 103 410 102 104 104 108 107 103 408 102 104 106 106 109 108 106 116 116 115 106 106 107 105 105 107 105 105 103 98 99 99 108 108 109 109 109 110 107 108 108 106 106 106 107 113 108 107 103 99 109 110 107 106 107 107 113 108 108 102 101 107 110 108 106 109 108 108 106 106 106 114 111 110 108 109 109 110 107 106 103 101 100 101 99 99 108 107 106 111 110 109 108 105 106 108 106 106 154 383 382 382 102 103 108 108 105 105 110 110 109 111 106 105 100 102 99 100 107 106 109 110 104 104 105 106 152 378 374 100 106 110 1OO 103 106 1OO 108 113 101 101 101 102 101 102 103 102 102 105 102 106 106 106 100 405 147 411 149 412 411 406 398 391 105 102 108 105 109 111 104 102 102 106 113 105 106 107 103 111 108 110 111 106 103 104 108 115 110 109 107 104 111 109 109 113 105 102 104 109 111 111 109 108 104 111 109 109 113 105 102 106 109 112 111 113 108 105 111 110 108 115 107 102 106 110 114 116 111 108 105 111 110 109 117 108 102 107 110 116 113 110 May June July . August 108 105 111 109 109 119 109 102 109 109 117 114 111 110 106 113 109 111 123 111 104 110 110 119 118 114 110 106 113 109 109 119 111 103 109 110 119 118 114 342 110 107 113 108 110 119 111 103 111 109 118 117 115 341 September. October November December 111 111 107 108 108 109 114 114 108 108 111 113 122 123 111 114 104 106 112 113 120 122 108 114 123 115 107 115 118 112 118 124 120 110 118 119 119 120 122 116 117 118 123 338 336 114 113 113 113 117 111 112 112 118 118 113 115 115 119 120 126 127 121 120 119 120 128 122 120 124 123 130 130 120 110 112 111 122 127 129 128 130 132 1922. January. February March April 1923. January February March April May June July- 112 115 117 118 118 119 121 123 123 125 370 156 366 364 364 3 158 362 358 352 162 347 335 168 ' 333 331 332 333 333 I ! See footnotes on opposite page also. Savings deposits in each Federal Reserve district (including both commercial and savings banks) compiled by Federal Reserve Bank of that district from reports of identical banks, as follows: Boston, 64 banks, New York, 30, Philadelphia, 75, Cleveland, 18, Richmond. 93, Atlanta, 82, Chicago, 210, St. Louis, 35, Minneapolis, 15, City, 58, Dallas, 112, San Francisco. 75. Deposits in savings banks of New York State furnished by Savings Banks Association of the State of New York; postal savings from U. S. Post Office Department. 163 SAVINGS DEPOSITS. Table 117.—NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] BALANCE TO CREDIT OF DEPOSITORS—END OF MONTH. Federal Reserve Districts. YBAR AND MONTH. ! Total ! deposits.* Boston. New York. Philadelphia. Cleveland. mond. Atlanta. Chicago. St. Louis. Minneapolis. Kansas City. Dallas. San Francisco. United! New States [ York postal | State sav- j savings 2 banks. ! ings. Thousands of dollars. 1913 monthly a v . $1,724,607 $39,750 j 1914 monthly a v . 1,772,357 59,145 ' 1915 monthly a v . 1,805,366 74,349 1916 monthly a v . 1,918,453 112,159 1917 m o n t h l y a v . 1,989,013 143,193 1918 m o n t h l y a v . 2,016,806 167,653 $580, 743 2,223,216 161,373 673,382 2,465,491 163,434 2,635,572 154,124 1919 m o n t h l y a v . 1920 m o n t h l y a v . $5,303,453 $1,036,420 $1,532,056 1921 m o n t h l y a v . 5,613,184 1,064,315 1,653,162 414,669 387,425 244,718 155,710 767,556 77,010 84,962 j 47,774 715,883 1922 m o n t h l y a v . 5,830,313 1,100,456 1,728,301 424,527 382,759 268,646 162,360 770,803 79,643 91,125 I 52,177 768,128 138. lt>K 150,106 765,302 72,561 78,811 j 161,150 5,409,646 1,0.50,981 1,560,069 394,235 357,003 229,055 150,449 775,339 73,145 81,244 47,399 47,507 683,574 October 690,619 | 162,S10 November 5,444,878 1,052,661 1,569,705 397,192 360,732 229,536 150,055 783,164 74,428 82,885 47,719 696,801 December 5,579,592 1,059,000 1,634,502 410,551 377,093 229,430 152,388 794,942 76.195 84,139 48,184 713,168 1921. January 5,616,000 1,065,210 1,631,063 416,540 400,243 238,639 153,590 789,240 102,562 77,107 84,278 48,117 711,973 | 163,656 February 5,612,037 1,055,824 1,633,408 418,981 399,924 239,084 153,257 785,427 103,480 77,742 84,209 48,412 715,769 | 163,356 March 5,624,685 1,065,907 1,639,233 418,389 397,790 241,773 156,666 777,107 103,618 78,234 84,373 48,342 716,871 2,574,697 | 161,249 April 5,607,272 1,068,590 1,638,088 416,813 390,251 243,956 156,285 770,941 104,219 77,838 84,411 47,909 712,190 158,097 $389,559 $345,252 $225,478 1920. September $146,652 $751,130 $104,871 $71,707 $77,017 j$44,800 I 162,352 2,532,653 163,434 May.... 5,607,005 1,065,954 1,638,673 415,886 388,850 244,367 158,836 769,830 105,548 76,824 85,015 48,196 714,574 June 5,660,678 1,067,743 1,672,087 414,349 392,492 243,289 160,629 772,881 106,343 77,236 85,432 48,222 726,318 July.... 5,610,650 1,066,782 1,659,333 413,893 384,153 244, (i70 156,584 761,697 104,060 76,666 84, 963 46,981 714,928 151,9S2 August. 5,583,752 1,061,725 1,654,316 412,108 381,385 245,075 155,8f)9 754,558 103,833 76,180 83,926 47,465 711,145 ! 151,77S September.. 5,576,928 1,061,285 1,657,028 409,904 379,358 245,192 155,548 751,811 103, 788 76,611 84,148 46,545 709,498 October 5.580,504 1,062,542 1,653,338 409,581 378,789 250,397 153,371 753,117 105,279 76,273 84,824 46,815 711,457 November.. 5,585,234 1,061,106 1,656,392 409,463 377,166 249,300 152,814 757,370 106,551 76,168 85,769 47,033 712,653 December.. 5,693,453 1,069,106 1,704,986 420,123 378,702 250,878 155,071 766,690 109,165 77,239 88,190 49,248 733,220 1922. January 5,688,827 1,078,2,32 1,698,444 425,438 375,639 254,299 109,248 77,971 85,651 5,721,488 1,081,935 1,698,535 426,470 374,773 255,034 758,258 110,704 78.196 86,562 March 5.729,505 5,734,744 1,085,788 1,704,841 427,104 374,372 259,576 757,209 111,675 79,057 87,962 1,092,416 1,700,636 426,745 376,115 262,969 154,090 153,640 156,967 158,711 755,236 February 755,475 111,990 79,152 89,133 49.738 49,836 52,030 50,464 1,091,620 1,701,562 423,582 268,659 160,156 758,091 114,341 78,241 90,046 50,983 747,296 1,097,919 1,738,814 424,063 276,648 163,106 771,873 78,830 91,824 52,710 768,704 1,102,250 1,728,753 423,963 766,807 1,104,435 1,728,310 422,128 377,299 381,994 377,989 380,941 420,090 419,573 419,046 436,122 155,305 2,648,432 April July.... August. 5,747,535 5,846,485 5,818,494 5,828,834 September.. 5,875,517 1,108,924 1,744,493 October 5,910,788 1,114,412 1,741,543 November.. 5,940,127 1,116,546 1,746,127 December.. 6,121,406 1,130,998 1,807,550 1923. January 6,195,322 1,150,793 1,805,923 February 6,240,600 1,158,610 1,809,394 March 6,276,223 1,155,719 1,825,991 449,252 415,526 May.... June April 2,623,039 152,390 150,358 148,567 147,089 2,696,104 734,089 145,569 144,668 758,249 144,610 744,599 144,018 742,928 142,326 139,959 137,736 I'M, 124 135,482 269,238 162,844 115,556 763,522 I 114,733 79,165 91,269 52,694 269,220 163,216 766,325 116,715 78,395 91,075 52,639 772,150 383,995 274,199 162,414 772,263 117,136 92,282 134,230 278,077 167,791 782,594 789,559 133,477 393,214 276,936 169,285 792,984 407,761 278,891 176,096 815,805 118,058 120,589 124,197 98,593 53,357 53,269 53,629 54,779 782,673 389,013 80,827 80,841 81,246 83,793 831,018 442,083 411,325 284,707 177,338 818,513 125,229 86,027 99,797 54.739 864,077 131,566 416,773 412,811 285,829 176,536 827,691 125,774 88,992 100,096 56,755 877,113 131,980 179,131 834,622 126,838 87,987 57,958 885,590 94,116 94,986 96,619 2,791,353 796,128 133,103 2,892,3f 132,282 132,ISO 132,255 June.. July.. See footnote on opposite page also. 2 Yearly figures from 1914 to 1920, inclusive, are averages of deposits on June 30 and December 31 of each year; 1913 figures are for December 31; 1921 is average of quarterly figures. » Approximate figure calculated from deposits and withdrawals. « Because no data covering deposits in the St. Louis district are available for 1920 the total here shown is for the 11 districts, exclusive of St. Louis, for which comparable data since 1920 are available. 164 BANKING. Table 118.—INDEX NUMBERS. Based on data from Government and non-Government Sources.1 [Base year in bold-faced type; numerical data on opposite page.] DEBITS TO INDIVIDUAL ACCOUNTS.- CONDITION OF REPORTING MEMBER BANKS.* CONDITION' OF FEDERAL RESERVE BANKS.3 BANK CLEARINGS. INTEREST RATES. I YF.AR AND MONTIT. Notes Total Iu Xen Outside In Xew Outside Bills in cir- investdisNew New York York count- cula- m e n t s . York York City. City. tion. Citv. ed. City. Total reserves. Commercial Total de- New doubleTotal Net n ReTotal loans York a deserve6 and dis- invest- mde- d nnme call posits. ratio. counts. m e n t s . posits. loans. paper, (>O-!)O days. Relative to 1910. Vl'.l monfhlv average 1014 monthly average 1915 mon'lilv averiire101G monthly avenge 1017 monthly average 1018 monthly 1010 monihlv 1020 monthly 1021 monthly 1022 monthly average average average average.. average.. 1O2K January February March.. April Relative to 1021. Relative to 1019. Relative to 1919. Relat ive o 10!3. Relative to 1013. 1OO 1OO 06 1OO 10s; 78 1SS 60 60 166 so 59 151 107 S2 166 101 116 102 1 Itio 134 1 1^7 160 12 is 3 24 5S 39 23 60 1S9 205 60 73 79 91 90 114 1OO 1OO 240 243 1OO 1OO 1OO 1OO 1OO 100 99 114 257 275 132 120 116 07 09 205 So 01 205 102 57 122 90 122 100 230 212 22S 91 97 28 85 104 144 96 154 92 100 126 103 9S 104 236 237 127 us 76 98 108 99 101 84 184 190 124 117 77 106 108 93 74 93 99 107 99 99 S5 95 212 226 IIS 112 69 111 95 101 106 101 SO 90 107 211 107 10S 63 114 so 110 103 100 94 246 100 98 : 1OO 127 1S9 113 140 76 210 135 228 134 96 216 132 96 203 131 1 May 85 88 201 200 97 104 66 117 S8 115 101 99 96 214 120 June 87 89 214 210 92 101 49 120 S7 121 100 102 95 196 117 July August. SO S5 105 200 85 97 45 123 8S 126 98 96 95 179 111 75 S5 185 201 95 45 127 S7 133 % 97 94 179 103 September October November . December 79 $8 199 20S 72 94 44 131 89 137 97 101 93 162 102 S7 95 203 225 68 92 43 134 90 141 96 9S 96 165 97 S6 85 213 215 61 61 90 47 137 90 145 95 102 97 159 90 93 eo 137 91 142 94 106 96 160 89 85 101 100 234 225 94 95 219 84 195 186 1922. January February March . April 100 99 237 102 94 23 S May 106 98 Juno July August ins 98 97 90 Septeml>er October November December 1J)23. January February March April.. June Juno July ! 211 SI 1 ! i 44 83 56 140 92 154 92 107 97 143 I 37 83 74 141 91 156 91 110 97 155 84 | 33 83 92 93 155 91 110 97 137 83 213 26 82 110 i« 143 95 156 91 115 101 137 79 244 228 24 S2 122 143 07 155 91 123 104 125 74 255 234 24 SI 120 144 100 154 90 131 105 130 70 93 233 223 20 81 118 14.3 97 158 90 132 104 122 65 90 215 225 21 82 117 146 97 158 90 135 103 126 68 94 94 219 234 110 105 249 266 94 98 220 245 102 112 240 25S 22 86 117 146 95 156 92 133 105 141 72 i 1 24 88 113 147 95 155 94 135 106 157 76 ! i 34 33 89 95 146 96 152 94 135 105 154 76 94 119 144 98 144 95 143 106 149 SO I 109 112 251 289 31 84 92 147 103 153 96 144 109 137 80 93 96 213 230 31 86 96 146 101 152 98 139 109 150 80 111 112 251 270 36 85 85 145 102 150 99 14Q 105 164 87 101 107 228 261 33 85 79 145 99 153 99 138 105 155 S9 i "i ' See footnotes on opposite page. I • 165 BANKING. Table 119.—NUMERICAL DATA. From Government and non- Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] DEBITS TO INDIVIDUAL ACCOUNTS. 2 BANK CLEARINGS. CONDITION OF FEDERAL RESERVE BANKS.3 Notes ReIn New Outside In New Outside Bills In cir- Total Total Total New New disserve York investredeYork York York count- cula- ments. serves. posits. ratfo.e City. City. tion. City. ed. City. & YEAR AND MONTH. Per cent. Millions of dollars. CONDITION OF REPORTING MEMBER BANKS.* Total loans and dis- counts. New Net Total York invest- demand call ments. deposits. loans. Millions of dollars. Commercial doublename paper, 60-90 days. Per cent. $7,886 $5,749 5.78 5,508 3.45 9,184 1915 mo. a v . 3.18 6,918 1913 mo. a v . 1914 mo. av. 5,879 4.52 3.44 3.42 4.73 $29 $384 1916 mo. a v . 13,298 7,713 24 185 $144 14,784 9,734 224 606 231 1,261 14,878 19,650 20,261 16,194 18,158 11,801 13,944 15,801 12,212 13,135 94.6 1.91 75.6 3.40 586 1917 m o . a v . , 1918 mo. av 1919 mo. av INTEREST RATES. $20,343 $17,536 1920 mo. av 1921 mo. av 1922mo. a v . . . . 1921. January February... March April 20,087 17,258 19,988 20,067 15,914 16,937 2.53 $1,154 September.. October November.. December.. 1922. January February... March April 1,738 57.0 $9,260 5.27 1,937 50.2 10,576 6.51 2,126 2,672 3,149 1,922 43.5 1,744 01.4 6.02 1,851 77.5 10,953 4,230 11,302 10,178 10,855 49.0 49.9 50.8 55.0 12,908 12,761 12,591 12,248 3,346 12,028 11,884 11,660 11,491 3,317 3,384 2,557 3,154 685 1,755 2,664 338 550 2,215 618 13,650 10,915 12,989 12.152 2,456 3,091 3,052 2,931 2,830 452 458 406 371 2,320 1,808 2,357 1,809 2,422 1,841 2,505 1,726 1,870 2,735 2,634 2,538 2,481 393 289 269 266 2,558 1,706 2,625 1,686 2,685 1,695 2,788 1,691 57.6 60.8 63.4 66.8 263 253 278 356 2,879 2,992 1_, 717 1,739 1,743 1,765 69.0 70.8 72.7 71.1 11,573 11,422 11,335 11,220 10,919 10,851 10,842 10,846 $11,927 $3,364 May June July August. September.. October November.. December.. 18,264 18,573 14,785 14,529 17,353 16,719 16,682 16,349 15,766 15,536 15,348 15,847 17,628 15,619 16,849 16,340 14,984 15,355 15,186 14,833 14,556 11,520 12,067 11,478 11,541 16,102 15,517 16,684 17,492 14,900 20,575 17,554 11,980 12,948 12,377 12,926 1,403 17,610 15,079 16,027 16,822 18,476 1,180 2,457 2,409 2,366 2,443 17,296 15,340 18,720 18,759 12.153 10,682 12,810 12,237 850 721 636 500 2,184 2,174 2,182 2,158 3,059 1,779 438 544 650 3,081 1,772 3,103 1,805 3,125 1,833 77.2 78.1 77.8 78.3 19,215 20,111 18,337 16,938 13,131 13,448 12,797 12,940 471 469 380 404 2,141 2,124 2,127 2,153 722 711 697 691 3,130 3,148 3,181 3,196 1,870 1,939 1,888 1,882 78.0 77.5 79.2 79.2 10,906 10,783 10,739 10,761 17,285 19,G68 17,332 18,899 13,427 15,272 14,098 14,826 420 469 650 630 2,243 2,299 2,330 2,464 3,203 1,840 1,842 78.4 77.6 76.4 72.1 10,988 11,249 11,219 11,329 4,468 3,212 19,778 16,784 19,768 18,010 16,591 13,250 15,585 15,005 597 2,204 2,247 2,232 2,223 76.9 76.2 75.5 77.0 11,425 11,639 11,783 11,839 4,849 16,642 14,730 20,397 17,367 20,717 16,481 21,654 22,063 19,713 18,287 17,148 17,168 16,315 15,817 19,215 16,522 22,322 18,399 19,027 17,098 20,851 19,558 January 22,087 19,666 February... 19,019 16,905 March 22,541 19,567 April 20,478 18,732 7.75 1,991 2,190 15,130 19,065 7.81 7.25 466 592 20,033 16,543 6.69 1,911 2,618 17,297 June July.... August. 4.44 5.86 5.42 7.34 6.55 4.40 1,158 1,936 2,396 2,287 2,064 1,772 1,650 1,492 1,309 1,182 564 704 2,937 2,990 3,203 1,860 3,149 1,900 3,227 3,202 3,176 3,179 1,991 3,338 3,392 3,355 3,447 3,229 3,268 3,307 3,430 3,560 3,615 3,692 3,702 3,865 4,122 4,405 4,450 4,532 4,541 4,543 4,823 10,643 10,495 10,186 10,138 7.82 6.88 7.63 6.45 7.58 10,153 10,046 10,002 9,968 6.81 6.94 6.22 6.75 5.70 6.40 5.69 5.94 9,866 10,192 10,270 10,174 5.15 5.90 5.25 5.63 5.06 5.19 5.10 5.13 10,271 10,245 10,309 10,676 4.56 4.90 11,049 11,124 11,043 10,942 11,085 11,162 11,095 11,255 4.94 4.88 4.35 4.80 4.35 4.58 3.97 4.13 3.88 4.00 4.25 4.05 3.78 3.93 4.48 4.18 5.00 4.38 4.90 4.38 4.73 4.63 4.35 4.63 4.78 4.63 1923. 596 700 t337 542 571 504 1,952 1,976 1,909 4,690 4,714 4,634 11,537 11,525 11,082 11,156 5.23 5.00 4.94 5.13 May.. June.. July.. 1 Figures for Debits to individual accounts, condition of Federal Reserve Banks, and condition of reporting member banks are from the Federal Reserve Board; Bank clearings from Bradstreets; Interest rates in New York market from the Commercial and Financial Chronicle. a Debits of banks in about 150 of the larger clearing-house centers, covering weekly totals the first and last weeks of the month being prorated. « Condition as of last Wednesday of the month. Prior to April, 1921, figures are of last Friday of month. * Includes reports from more than 800 banks in the leading cities in the United States on condition as of last Wednesday of month. Prior to April, 1921, figures are as of last Friday ofmonth. & This column has been recomputed so as to include clearings from 117 identical cities in each year. Estimates had to be made for a few of the smaller cities in the earlier years to complete the data. 6 Prior to March, 1921, net deposits were used in calculating reserve ratios. 166 STOCKS AND BONDS. Table 120.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1OO 100 129 170 147 1918 monthlv average 1919 monthlv average 1920 monthly average 1921 monthly average 1922 monthly average Relative to 1915. Relative to 1921. Relative to 1913. 1OO 110 173 377 270 207 314 67 1OO 124 162 290 49 1OO 99 73 58 53 1OO 105 94 111 99 98 98 98 97 96 96 97 114 113 114 115 231 147 230 221 157 100 122 129 77 63 57 57 95 71 72 74 98 98 99 99 98 98 100 101 115 116 118 118 254 262 134 159 159 129 70 76 98 97 99 100 154 141 54 92 60 54 78 101 82 74 75 75 77 80 77 73 79 77 101 102 107 107 101 102 105 105 102 103 107 106 117 115 112 101 185 186 221 255 168 166 257 265 87 92 91 93 106 109 129 132 91 91 93 96 83 84 88 90 102 102 102 104 108 108 110 112 105 105 107 107 107 109 110 111 98 99 99 98 222 234 328 440 268 263 333 371 97 52 76 77 136 100 136 145 94 95 98 99 96 95 97 99 93 92 93 95 106 105 106 107 113 111 112 113 107 107 108 108 in 110 111 111 93 94 94 94 418 347 219 258 322 277 265 312 61 53 48 38 122 105 98 101 99 96 94 94 99 97 93 93 97 96 94 93 108 107 105 105 113 111 111 111 108 107 106 107 110 109 108 109 93 92 93 94 314 371 330 284 285 283 254 249 38 69 38 45 95 118 88 92 94 94 90 92 92 89 93 93 91 106 105 102 110 107 107 93 93 93 292 328 373 300 262 274 248 32 26 28 94 81 85 25 77 100 103 96 100 105 98 100 108 101 100 115 139 182 184 136 169 74 75 67 64 75 91 90 78 78 97 89 87 79 83 95 88 88 77 81 95 87 84 70 73 91 98 100 85 78 105 1OO 111 1OO 107 109 107 104 106 148 148 144 146 65 65 63 79 78 77 77 83 82 81 81 81 79 78 78 70 71 71 72 83 84 80 80 98 97 97 98 104 84 95 92 147 125 125 121 65 62 64 64 77 78 80 78 81 82 79 77 79 81 72 70 72 73 80 75 77 96 97 102 105 127 130 136 140 65 64 65 66 79 78 81 84 83 83 88 91 83 83 87 80 105 108 111 111 143 149 153 163 65 68 70 74 91 92 94 96 93 92 93 94 May June July . August 115 114 117 123 166 166 170 178 76 74 77 82 97 97 98 100 September October November 121 120 119 114 184 191 182 187 83 83 76 74 101 99 97 97 112 190 198 199 195 74 79 78 76 96 96 93 . . . . May June July . August September October December Total bonds. 17 103 101 112 114 95 100 103 97 62 Liberty and Victory bonds. 87 13 IS 26 31 28 1OO 105 98 i Miscellaneous bonds. 58 80 112 132 1OO 93 95 91 96 1921. Relative to 1919. 1OO 58 209 280 222 1OO 93 88 96 83 January February March .. April NEW YORK STOCK EXCHANGE SALES. Stocks (shares). Municipal bonds. 16 foreign government and city. 6 Liberty and Victory bonds. Combined index (67 bonds).* I N Relative to Relative to 1913. 1921. 10 industrial bonds.4 Z 10 public utility bonds.4 1 18 10 second-grade rails.4 in 10 highest4grade rails. en 1 BOND YIELDS." BOND PRICE INDEX. Combined index (40 bonds).4 YEAR AND MONTH. Combined index (103stocks).2 STOCK PRICES. 77 1922. January February . . . March April .. .. 1 1923. January February March April May June July See footnotes on opposite page also. 1 Bond price index based on 4 per cent bond and bond sales from Dow, Jones & Co.; combined indexes for 103 stocks and 67 bonds, respectively, 6 Liberty and Victory bonds, 16 foreign government and city bonds, compiled by the New York Trust Co.; municipal bond yields from The Bond Buyer: and stock prices and sales from the Annalist. * Includes 25 railroads, 10 iron and steel, 5 railroad equipment, 9 motor (including accessories), 5 rubber tires, 5 shipping, 5 sugar, 5 leather and shoe, 5 tobaceo, 10 copper, 10 oil, and 9 New York bank and trust companies taken as of the last day of the month. 167 STOCKS AND BONDS, Table 119.—NUMERICAL DATA. From commercial and trade sources*1 [Base year in bold-faced type; index numbers on opposite page.] STOCK PRICES. YEAR AND MONTH. BOND YIELDS.*! BOND PRICE INDEX. ComCom10 10 Combined high- sec10 bined 10 bined 25 25 index public indus- index ond utility trial est Index indus- rail- 3 (40 (67 (103 trials.s roads. bonds). grade grade bonds.4 bonds. 4 bonds). rails.< rails.4 stocks).2 Dollars per share. Per cent of par value of 4 per cent bond. NEW YORK STOCK EXCHANGE SALES. 16 for6 eign MuMisLiberty Libgov- niciTotal cellaand erty ernpal Stocks. neous Victory bonds. and ment bonds. bonds. bonds. Victory. and city. Per cent of par value. Per cent. Thousands of shares. Thousands of dollars, par value. 76.76 89.79 75.55 73.82 70.51 4.23 14,448 80.49 92.45 78.00 77.59 75.89 4.06 19,404 69.12 75.58 87.43 72.42 72.36 71.35 4.26 15,378 $41,499 56,959 79,623 79,623 94,199 94,199 61,866 $40,842 85,690 61.34 69.84 80.02 66.12 1913 monthly a v . $58.19 $82.97 4.45 6,924 $41,499 1914 monthly a v . 58.08 77.57 4.16 3,992 56,959 1915 monthly a v . 75.35 73.16 1916 monthly a v . 99.14 1917 monthly a v . 85.44 1918 monthly av 69.36 4.60 11,948 47,544 117,059 164,603 191$ monthly av 105. 77 62.06 69.07 77.89 66.33 61.77 70.76 4.49 26,073 71,322 236,814 308,136 1920 monthly av 107.21 55.94 59.70 71.33 58.54 51.99 60.12 5.00 1921 monthly a v . . 84.57 79.38 53.21 60.15 74.39 61.43 53.92 55.28 85.38 93.20 92.42 5.08 1922monthly a v . . 97.08 98.58 62.38 74.11 85.42 71.76 67.50 74.00 94.93 99.54 101.43 4.23 88,563 235,406 323,969 14,334 115,686 173,130 288,816 21,729 206,948 136,442 343,390 1921. January February... March , April 91.84 90.38 87.85 89.70 86.03 86.13 83.83 84.73 53.87 53.84 52.03 51.59 60.41 74.92 60.89 51.41 58.81 83.54 91.82 60.25 73.81 59.91 52.09 58.98 82.85 91.50 88.52 59.21 73.14 59.13 52.19 56.13 83.19 91.51 89.00 59.39 72.52 59.13 52.85 56.42 83.40 91.54 89.92 5.06 5.05 5.07 5.11 15,976 112,065 181,421 293,486 10,147 71,300 149,014 220,314 15,907 87,072 135,918 222,990 15,273 92,283 135,429 227,712 May June July August. 87.56 71.39 80.50 77.62 85.53 72.71 72.95 70.22 53.59 51.18 53.28 52.98 59.46 72.25 59.84 52.88 56.16 83.32 91.43 90.81 57.75 70.31 58.17 51.67 54.06 82.73 91.32 90.31 58.89 72.56 60.06 53.04 53.66 84.71 92.03 92.25 59.59 73.66 61.08 53.87 53.69 84.98 92.16 93.03 5.12 5.18 5.26 5.24 17,601 113,177 128,023 241,200 18,174 92,132 217,741 309,873 9,295 109,535 143,182 252,717 10,992 100,246 127,718 227,964 September. October.... November. December.. 81.12 82.42 86.11 88.39 74.10 75.43 79.14 81.73 54.10 53.51 54.19 54.40 60.74 74.72 62.75 55.10 54.41 86.41 93.74 94.01 59.83 74.52 62.83 55.63 51.16 87.24 95.43 95.03 62.13 78.59 65.80 91.17 98.21 98.64 81.62 67.59 57.18 59.12 55.69 64.10 54.22 91.07 97.72 98.25 5.22 5.13 5.00 4.50 12,807 12,883 15,332 17,622 119,819 118,408 183,320 188,880 88 74 90.93 82.99 86. 47 54.21 56.57 70.22 83.23 68.46 61.07 71.63 91.93 97.50 70.71 82.95 68.47 62.34 72.07 92.63 98.29 93 79 93 53 89. 20 57.98 71.85 83.33 70.06 64.65 71.80 93.72 99.39 94 59 61.62 73.69 84.60 72.20 66.58 73.59 95.21 99.90 99.00 100.90 101.85 102.84 4.38 4.41 4.39 4.35 15,394 16,185 22,734 30,468 191,216 228,613 419,829 187,368 121,981 309,349 237,852 180,639 418,491 264,341 182,582 446,923 97.56 96.84 62.92 74.72 I 84.80 72.83 74.28 | 85.29 71.89 68.65 67.92 68.47 69.83 74.42 61.49 75.73 96.79 95.03 96.03 96.86 100.11 100.13 100.84 100.27 102.71 101.89 102.24 100.27 4.15 4.18 4.18 4.19 28,911 24,036 15,149 17,850 229,460 144,967 374.427 197,772 126,121 323,893 188,691 114,284 302,975 222,863 89,855 ! 312,718 100.32 99.31 4.15 4.09 4.14 4.18 21,775 203.184 88,909 ' 292,093 25,676 201,506 163,616 365,122 22,882 181,457 89,420 270,877 19,692 177,670 106,317 283,987 4.16 4.14 4.13 20,208 214.185 22,694 187,150 25,855 195,146 176.642 1922. January February March April May June July August.. September. October.... November. December.. 1923. January February... March April 96.76 99.06 99.06 63.72 75.44 j 88.09 73.18 103.65 103.68 67.64 76.80 ! 89.01 75.05 ! I 74.10 74.64 102.02 107.02 i 68. 70 77.47 | 89.29 74. 71.59 76.28 96.34 101. 65 111.25 68.53 75.96 ! 85.93 73.29 70.75 75.53 95.06 100.68 106.09 63.46 74.10 j 84.68 70.52 69.28 73.79 94.53 96.53 109.08 61.71 74.11 84.82 70.29 68.91 74.38 95.00 9.57 101. 59 100.35 100.21 100.84 94.67 110.35 61.71 73.76 84.46 69.82 68.34 74.43 94.26 99.29 99.22 115.03 65.28 73.42 84.18 69.31 68.40 73.80 116.03 65.06 71.65 81.15 67.42 67.41 72.25 113.46 63.04 18,728 207,123 218,018 214,625 219,342 76,239 61,207 66,599 60,351 326,942 336.426 397,945 408,222 290,424 248,357 261,745 236,993 May.. June. July.. See footnotes on opposite page also. » Prices are averages, as taken at the end of each week, of the closing prices for these stocks on New York Stock Exchange. * These indices are combined from the yields of the average prices of the bonds for each day of the month, the average yields for the 10 bonds of each class being capitalized at 4 per cent to give the index. * Includes 6 Liberty and Victory bonds, 16 foreign government and city, 20 railroads, 10 public utilities, and 5 telegraph and telephone issues taken as of the last day of the month. « Average market yield of bonds of 20 large cities at the first of each mouth. 168 CORPORATE AND MUNICIPAL FINANCING. Table 122.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] DIVIDEND AND INTEREST PAYMENTS. BUSINESS FAILURES. CORPORATE ISSUES. Total corporate securities. Dividend Payments.s 8 B 3 3 § Hi *§! Ill I! av. 100 av. 114 av. 138 av. 106 av. 1918 mo. 1919 mo. 1920 mo. 1921 mo. 1922 mo. av. av. av. av. av. 1OO 131 111 72 67 1OO 70 96 161 217 s 1 *0 IP I Relative to 1913. 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. SOUTHERN BOND ISSUES.™ 3 0» YEAR AND MONTH. NEW MUNICIPAL BOND ISSUES.* Relative to 1920. Relative to 1913. 1OO 101 105 120 134 100 98 95 111 129 1OO 1OO 95 94 117 147 99 95 106 105 1OO 109 105 123 132 140 125 130 117 112 98 96 96 96 95 129 122 124 122 119 184 189 160 208 1OO 26 58 1OO 113 129 1OO 67 86 100 93 1OO 87 87 133 1OO 109 121 122 109 3 Relative to 1922. 1OO 59 32 61 81 62 40 55 123 148 60 42 108 230 229 106 613 725 385 406 153 192 188 190 122 114 115 110 108 January February... March April 142 123 100 111 229 268 297 170 722 380 554 573 244 112 188 238 164 108 113 127 159 108 123 149 101 113 115 93 283 131 64 162 188 218 101 285 73 9 17 36 139 140 75 229 82 54 76 353 211 57 1,037 218 215 188 276 150 102 261 310 May June July August 101 99 108 117 251 152 188 189 349 392 164 337 161 197 230 117 75 87 146 109 70 97 140 111 83 86 113 118 95 49 181 84 130 131 124 101 5 1 106 7 118 55 66 42 76 27 82 29 86 128 60 38 225 367 320 309 173 112 107 102 September . October November. December . 110 128 149 183 163 234 235 385 284 292 214 359 160 241 165 204 80 131 90 92 99 155 69 126 60 93 124 50 64 175 108 64 150 75 187 232 3 4 20 31 152 43 120 173 79 25 72 113 300 69 216 221 296 367 357 921 183 148 115 127 January... February.. March April 204 174 184 162 325 320 315 322 490 343 425 460 244 114 190 245 196 105 110 124 145 103 117 144 100 111 115 92 292 125 64 162 153 148 207 325 36 35 42 31 140 85 173 196 87 52 103 120 268 226 369 307 227 263 370 433 33 120 162 12 139 62 171 68 May June July August 147 130 131 128 195 168 176 177 545 173 368 375 164 194 232 120 73 84 141 106 67 78 134 108 82 83 111 117 93 43 167 80 292 240 166 162 110 70 19 47 167 169 137 53 134 119 54 44 286 289 527 122 365 499 352 247 37 48 62 48 111 148 67 87 September October... November. December. in 128 130 136 162 152 177 256 377 378 469 472 163 241 174 218 79 131 90 94 97 155 129 60 93 124 51 62 176 108 66 201 124 159 316 173 22 22 90 135 143 72 80 127 72 43 80 386 383 162 128 350 221 157 276 108 150 116 87 70 101 94 81 1923. January... February.. March April 159 113 126 114 217 179 213 227 528 407 291 681 310 119 191 252 204 107 112 126 152 106 120 148 100 112 117 93 298 128 65 169 461 173 229 152 90 113 197 103 833 124 287 214 205 121 10 79 77 68 97 19 7 231 64 189 189 348 137 158 76 1OO 1921. 1922. 70 See footnotes on opposite page also. 1 Business failures are from Dun's Review; Dividend and interest payments, New capital issues, and New incorporations from the New York Journal of Commerce; Municipal bond issues from The Bond Buyer; Southern bond issues from the Manufacturers' Record; Stock. Bonds, and Total Corporate securities from Commercial and Financial Chronicle. 2 Represents the value of the authorized capital of new enterprises incorporated in the principal eastern states. »Monthly data for the period 1913-1921 will be found in the October SURVEY (NO. 24), page 46. * Includes bank dividends not separately shown for those months where such payments are reported. The total interest payments may be obtained by subtracting total dividend payments from total interest and dividend payments, monthly data of which for the period 1913-1921 were published in the September SUBVEY (NO. 13), p. 51. It is to be noted that the total dividend and interest payments for July, 1918, should be stated as $333,011,000, instead of $633,011,000. 169 CORPORATE AND MUNICIPAL FINANCINGc Table 123.—NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] DIVIDEND AND INTEREST PAYMENTS. BUSINESS FAILURES. CORPORATE ISSUES. Total corporate securities. Dividend payments.3 2 III 3 £39 1 I Ila 3 I 1 •dJEo SB" Number of firms. SOUTHERN BOND ISSUES. i « © d « II Y E A R AND MONTH. NEW MUNICIPAL BOND ISSUES.^ 3 2 T h o u s a n d s of dollars. 1913 monthly a v . 1,336 $22,723 $172,301 $148,103 1914 monthly a v . 1,523 29,826 120,306 148,948 68,481 36,530 24,549 5,368 119,710 37,159 1915 monthly a v . 1,846 25,191 164,915 155,426 66,019 36,374 23,613 5,149 119,613 41,049 12,894 1916 monthly a v . 1,416 16,351 276,925 177,919 77,176 44,986 26,005 6,020 182,208 41,450 24,367 $69,838 | $38,527 $24,733 $4,906 $137,145 $34,049 $40,268 23,838 1917 monthly a v . 1,155 15,203 373,198 J 199,095 89,856 56,542 26,038 6,493 127,498 37,078 32,704 1918 monthly a v . 834 13,585 183,275 227,061 85,184 53,788 24,135 6,318 112,068 21,902 39,428 1919 monthly a v . . 538 9,441 1,056,519 265,764 79,745 48,264 23,705 5,977 251,764 64,183 37,508 1920 monthly a v . . 740 24,593 1,249,920 284,573 80,248 50,140 23,832 6,074 258,886 $89,253^*157. ,935 $225,825 $21,357 64,472 55,341 1921 monthly a v . . 1,638 52,284 663,260 278,484 76,965 45,200 23,668 5,970 219,572 23,271 177,963 151,828 49,407 118,385 63,503 1922 monthly a v . . 1,973 51,991 700,013 282,073 75,132 43,259 23,433 5,855 284,978 51,969 204,078 194,587 61,460 104,730 30,432 1,243,460 $26,316 1921. January 1,895 52,137 361,925 114,350 61,450 24,900 13,900 257,423 65,305 219,258 209,146 74,181 60,586 February 1,641 60,852 654,376 | 165,220 75,720 41,450 27,850 6,420 298,708 8,381 221,221 184,608 73,364 41,270 March 1,336 67,409 954,700 277,846 78,956 47,301 28,505 3,150 138,701 15,421 119,009 122,254 63,988 105,252 April 1,487 38,568 987,895 351,981 88,486 57,501 22, 950 7,925 390,668 32,478 361,324 172,425 94,052 124,930 May.... 1,356 57,066 601,044 238,061 52,251 27,100 20,500 4,650 177,638 4,056 185,746 171,494 76,521 70,007 Juno — 1,320 34,639 675,978 292,168 60,811 37,250 21,151 2,401 179,114 800 87,419 60,930 125,976 45,482 July.... 1,444 42,774 281,759 340,166 102,303 54,100 28,003 8,900 170,474 94,841 104,031 185,972 108,925 42,930 August. 1,562 42,904 580,141 173,860 76,160 42,950 29,110 4,100 138,929 6,100 66,811 64,815 105,194 41,249 September I 1,466 j 37,021 489,846 | 236,801 56,201 1 38,150 1 14,901 3,150 205,792 2,500 239,780 178,172 64,108 100,798 i 73,529 October | 1,713 j 53,059 503,394 j 356,779 91,445 | 59,850 23,000 8,595 103,149 3,420 67,468 56,151 14,737 125,126 | 59,543 November 1,988 53,470 367,956 ; I 245,051 62,750 26,750 30,700 5,300 255,938 18,030 189,774 161,596 46,208 121,488 | 40,184 December 2,444 87,502 618,572 j 301,951 64,150 48,550 12,450 3,150 318,335 27,933 273,803 254,442 47,293 313,740 ; 51,075 ! [ January 2,723 73,796 843,653 361,925 136,925 55,300 24,650 14,325 209,662 32,333 220, 597 195,739 57,191 77,288 13,228 February 2,331 72,608 591,404 169,350 73,250 39,650 27,450 6,150 202, 749 30,894 134,774 117,467 48,201 89,493 48,157 10,444 March 2,463 71,608 731,866 280.950 76,850 45,250 28,450 3,150 283,724 37,413 273,163 231,800 78,716 125,903 05,2ol 45,113 April 2,167 73,059 792,372 363, 235 S6,376 j 55,550 22,875 7,951 445,196 27,792 309,852 271,976 65,008 147,300 4,940 17,881 May.... 1,960 44,403 938,195 242,451 50,851 25,900 20,401 4,551 400,700 98,532 264,274 301,783 01,024 124,425 | 14,720 29,176 01,770 109, 994 19,245 38;949 120,008 24,811 17,529 22,829 1922. 30,701 June.... 1,740 38,242 297,557 286.951 58,751 30,050 20,600 2,101 329,304 02,888 207,013 208,725 July.... 1,753 40,010 634,259 344,210 98,210 51,700 27, 450 8,200 227,976 17,300 210,810 121,014 j 112,550 August. 1,714 40,280 646,605 178,100 74,300 41,525 28,850 3,925 222,012 41,745 82,971 98.566 20,150 83,957 19,471 September.. 1,566 30,908 650,044 242,075 55,175 37,400 14,750 3,025 276,320 154,689 213,992 280,180 82,500 119,209 43,650 18,511 October 1,708 34,647 651,577 356,570 91,370 59,790 22,950 8,030 170,582 19,801 225,123 103,184 81,740 75,125 00,328 26,586 November.. 1,737 40,265 808,720 257,053 62,790 26,820 30,650 5,320 217,714 19,478 113,242 98,070 34,051 53,497 40,045 24,072 December.. 1,814 58,069 813,901 322,246 65,570 49,800 12,510 3,200 433,200 80 ; 710 126,028 179,909 27,375 94,100 35,153 21,401 1923. January.. 2,126 49,210 909,694 459,510 142,710 58,700 24,800 14,610 632,784 135,874 487,515 445,463 177,920 97,785 48,005 20,832 February. 1,508 40,628 700,708 175,855 74,655 40,700 27,655 237,609 177,889 2:;l, 095 72,700 4,074 20,202 March 1,682 48,393 500,819 282,800 78,210 46,100 28,900 3,210 April 1,520 51,492 1,006,258 372,535 88,275 56,900 23,100 6,300 313,928 I 8,275 80,315 20,509 09,758 17,848' 25,400 See footnotes on opposite page also. •' Includes stocks for new capital and refunding purposes. Includes both long and short term bonds and notes representing new capital and refunding capital. 7 Includes all forms of corporate securities floated for purposes of new capital. 8 Includes all forms of corporate securities floated for purposes of refunding. 9 Sales by States and municipalities of New Bond Issues. 10 The South herein represented consists of Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Missouri, North Carolina, Oklahoma', South Carolina, Tennessee, Texas, Virginia, West Virginia. 6 170 CORPORATION STOCKHOLDERS. Table 124.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Data from commercial and trade sources,1 [Base year in bold-faced type.] PENNSYLVANIA RAILROAD CO. YEAR AND MONTH. AMERICAN U. S. STEEL CORP. TELEPHONE PENNSYLVANIA (COMMON AND TELE- RAILROAD CO. STOCK). GRAPH CO. Stockholders. Stockholder?. Per- Stockholders centage of shares held DoDoDoForForForby meseign. meseign. brok- mes- eign. tic. tic. tic. ers. Stockholders. Domestic. Relative to 1913. Foreign. average average average average average 112 105 *101 117 61 95 128 20 107 100 111 '129 61 78 100 1OO 1OO 108 105 115 Foreign. Percentage of shares held by brokers. 1OO 91 Domestic. Foreign. Number. B.—NUMERICAL DATA. 100 107 ' 1OO 72,714 113 78,682 89 117 122 81,603 107 127 114 85,343 101 148 96 93,331 11,258 11,839 11,816 6,884 2,235 41,436 64,314" 1,484 43.22 96,035 73,510 1,475 40.65 115,482 174 13 213 85 59 247 122 126,424 190 15 252 88 44 308 193 138,450 187 26 235 90 47 409 221 136,181 1,773 1,727 1,500 1,743 2,869 March. 167 14 198 87 65 231 113 121,326 June September-.. 172 14 207 86 62 247 113 124,943 176 13 216 84 60 252 113 181 13 228 82 49 259 149 188 13 249 84 47 272 192 12 251 87 44 289 1918 quarterly average 1919 quarterly average 1920 quarterly average 1921 quarterly average 1922 quarterly average Domestic. AMERICAN TELEPHONE AND TELEGRAPH CO. Stockholders. Stockholders. Number. A.—INDEX NUMBERS. 1913 quarterly 1914 quarterly 1915 quarterly 1916 quarterly 1917 quarterly U. S. STEEL CORP. (COMMON STOCK). 141 16 155 97 84 180 110 102,798 153 15 177 96 79 217 119 111,316 1,529 51.48 53,205 1,697 46.73 56,932 62,279 47,777 »42,020 2 1,980 45.87 39,365 939 55.08 67,504 44,531 1,191 51.88 78,597 88,085 1,300 30.35 131,643 104,621 1,341 22.45 163,703 97,580 1,380 24.36 217,599 r,595 82,246 1,337 33.46 122,999 1,525 85,909 1,320 32.09 131,558 127,768 1,472 89,665 1,287 30.69 134,112 131,659 1,409 94,520 1,256 25.17 137,901 170 137,007 1,386 103,093 1,283 24.27 144,716 188 139,702 1,373 103,976 1,334 22.61 153,649 1,041 1,175 1,270 1,187 999 1,143 1,239 1,267 2,013 2,297 1920. ., .,, T>ftOATn"hftr 1,173 1,173 1,174 1,547 1921. March June . . 1,774 1,953 2,146 2,180 S^ptflTnhfir 190 12 254 89 42 325 206 138,243 1,362 105,355 1,368 21.49 172,770 DivftTTihftr 191 26 256 90 42 345 209 138,847 2,852 106,061 1,379 21.44 183,676 191 26 254 43 368 2,915 105,261 195,608 236 47 378 136,940 2,888 97,989 24.09 201,303 49 430 134,279 2,851 94,789 25.05 228,592 51 463 234 134,609 2,820 92,281 1,399 1,370 1,384 1,365 22.02 26 213 215 222 138,895 188 26.28 246,494 2,217 2,233 2,309 2,431 51 480 242 136,247 2,814 92,711 1,365 26.24 255,421 2,524 1922. March September December . . . 185 25 229 185 25 223 91 90 91 89 187 25 224 89 1923. March June 1 These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the respective companies and represent the number of holders of common stock on their books at the end of each quarter, i. e., December figures are for Dec. 31 or Jan. 1. » Dec. 31 figures; other quarters of 1915 not available. 171 CREDIT CONDITIONS. Table 125.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Based on data from commercial and trade sources.1 [Base year in bold-faced type.] PAYMENTS. YEAR AND MONTH. United Pacific Moun- North Middle South tain Agrlcui- Agricul- Agricul2 States average. Coast. Section. 3 tiiral.* tural. & tural^ United Pacific Moun- North Middle South 2 tain Agricul- Agricul- AgriculStates average. Coast. Section.3 tural.* tural. & tural, e East.? Relative to 1916. 1916 mo av 1917 mo. av . 1918 mo av 1919 mo. av 1920 mo av 1921 mo. av 1922 mo av 1920. September October November December 1921. January February March April May June July August 100 105 106 110 108 97 87 104 103 97 96 1OO 99 103 110 112 105 87 111 108 105 101 Percentage of total recorded transactions. A.—INDEX NUMBERS. B.—NUMERICAL DATA. 1OO 103 102 108 106 96 84 1OO 113 106 111 107 1OO 106 112 99 84 98 87 96 96 97 102 105 99 93 104 109 100 95 100 95 99 96 100 98 90 100 101 104 105 93 103 107 101 91 100 109 101 102 99 102 100 100 104 99 101 97 105 102 96 92 107 116 111 10-4 93 86 99 97 100 100 102 102 102 107 108 89 101 95 100 106 89 103 90 93 94 93 95 92 93 103 97 91 56.6 57.5 58.4 60.7 59.4 53.4 47.6 107 92 105 108 84 94 115 112 56.2 58.4 57.2 56.9 53.3 52.8 55.4 58.0 49.5 57.2 57.1 56.7 60.0 58.8 53.4 46.8 65.8 61.6 52.6 58.6 62.5 63.3 59.3 49.5 58.2 62.2 58.9 59.9 60.1 54.2 45.9 55.5 56.8 55.2 48.4 43.2 58.5 61.6 61.1 56.1 1 i 52.3 i 63.1 61.3 59.4 56.9 55.6 55.6 56.4 53.7 58.2 59.8 46.4 59.3 60.0 57.7 51.9 54.0 51.3 53.9 49.3 47.2 61.2 57.3 54.2 56.8 54.3 50.3 57.8 53.3 55.3 54.4 49.8 57.8 46.1 51.2 52.9 50.2 52.3 57.0 62.1 i i 57.9 ' 58.6 59.2 49.2 57.4 57.1 60.2 . 54.4 60.8 65.5 62.6 58.6 j ! 55.0 54.9 55.9 54.3 57.8 57.6 60.6 61.2 51.6 58.9 55.3 58.4 58.6 51.4 57.1 98 87 51.8 49.2 89 92 91 92 49.3 50.3 54.6 53.1 58.1 49.4 56.9 50.0 60.7 53.1 54.6 51.0 48.4 92 94 93 85 50.1 48.1 49.7 46.4 52.7 50.2 55.0 48.2 48.2 48.1 58.1 53.6 46.2 48.6 47.7 49.6 48.5 46.0 45. 2 53.7 52.5 51.2 48.6 48.5 51.2 41.5 35. 1 45.8 45.2 46.7 49.5 42.9 45. 8 45.9 47.4 48.0 101 Soptember October Novcmbor Oocembor 94 89 90 91 96 94 103 107 91 94 88 83 1922. January February March \pril 91 87 90 84 93 89 97 85 83 83 100 82 97 83 88 87 91 87 91 88 92 June July August 90 88 84 82 95 93 90 86 83 88 71 60 89 94 77 71 91 85 86 78 92 89 81 84 89 92 90 September October November December 83 82 85 90 76 81 81 84 82 64 71 79 80 80 83 86 74 75 81 86 87 86 87 91 92 89 92 1923. January February March April. 90 95 96 May 55.0 1OO 102 102 108 107 98 1OO 107 101 103 103 93 79 95 100 104 99 99 East.? 85 90 83 52.5 55.2 57.4 I 93 96 i 56.2 64.5 62.3 57.5 49.0 58.7 60.2 61.0 60.1 57.6 50.6 49.8 48.2 54.3 54.2 47.5 45.7 55.0 53 1 44.0 45.6 49.5 51.9 52.8 48.0 52.7 50.3 52.8 50.9 45.3 42.2 44.6 41.2 53.0 49.5 49.8 45.4 45.6 44.3 40. 1 41.6 41.2 46.2 47.9 42.8 43.7 46.7 50.0 43.1 42.4 43.0 44.8 ; ! 50.7 52.5 51.5 53.2 44.1 44.1 46.1 i 52.9 54.0 53.1 48.5 49.4 51.9 42.8 39.1 : 52.8 51.0 52.7 54 9 37.5 53.5 51.5 58.5 56.0 l i 52.7 52.2 52.6 \1av June July 1 Compiled by the Credit Clearing House from reports to it by ir enufacturers and wholesalers on items of credit facts from their ledgers concerning merchants or jobbers to whom they sell. The numerical data given above show the percentage which the number of payment items reported bears to the total number of transactions reported. Theacommodities covered by these transactions are largely textiles. The year 1916 is taken as a base, as payments were abnormally high in 1919. California, Oregon, and Washington. 3 Arizona, New Mexico, Colorado, Utah. Nevada, Idaho, and Wyoming. * Montana, North and South Dakota, Minnesota, and Wisconsin. 1 Kansas, Nebraska, Iowa, Missouri, Illinois, Indiana, Kentucky, and Ohio. 8 Texas, Oklahoma, Arkansas, Louisiana, Mississippi, Alabama, Tennessee, Georgia, Florida, North and South Carolina. 7 States east of and including Pennsylvania, West Virginia, and Virginia. 172 CREDIT CONDITIONS. Table 126.—INDEX NUMBERS. Based on data from commercial and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] ORDERS YEAR AND MONTH. INDEBTEDNESS. United Pacific Moun- North Middle South 2 tain States Agricul- Agricul- Agriculaverage. Coast. Section.^ tural.* t u r a l . ' tural.6 East. 7 United Pacific Moun- North Middle South tain States Agricul- Agricul- Agricul2 average. C o a s t . Section. 3 tural.4 tural. & tural.e East.' Relative to 1916 1916 mo. av. 1917 mo. av 1918 mo. av 1919 mo. av 1920 mo. av 1921 mo. av 1922 mo. av 1920. September October November December 1921. January . February March April. May June July August September October November December 1922. January February March April May June July August September October November December 100 101 1OO 1OO 1OO 1OO 1OO 1OO 1OO 1OO 1OO 1OO 1OO 1OO 1OO 100 105 98 101 99 104 93 98 96 93 94 94 92 102 94 97 109 106 99 106 91 89 98 90 94 92 85 103 94 100 106 108 102 104 88 81 90 91 87 81 101 94 94 102 99 103 93 94 101 89 78 82 92 110 94 90 87 94 98 89 94 99 93 105 108 99 89 112 119 110 94 112 94 94 97 91 116 89 92 90 94 107 112 108 98 96 113 115 106 109 93 102 113 89 96 93 85 106 90 97 106 110 106 109 100 99 98 99 104 91 95 83 82 90 98 99 99 104 96 100 112 99 104 106 100 74 73 69 77 85 71 67 108 104 114 102 107 108 108 63 59 58 81 71 58 59 97 82 91 85 93 103 96 88 73 83 94 93 88 90 81 66 96 76 74 84 84 86 84 72 81 93 92 84 87 79 80 79 76 78 82 77 80 68 85 92 82 86 93 80 88 94 92 91 93 82 70 82 78 88 84 83 99 92 105 97 100 96 99 91 82 78 95 88 95 94 98 101 96 95 92 95 99 96 89 91 112 105 95 101 92 80 93 87 94 91 99 92 89 109 104 98 97 89 84 90 90 91 92 88 87 98 82 90 91 103 102 94 94 92 107 87 92 80 97 91 100 107 86 101 111 111 96 95 103 90 98 94 107 89 67 79 89 94 99 76 105 104 106 111 107 103 102 93 89 88 96 96 95 90 109 117 110 108 113 105 107 92 88 93 88 90 93 94 102 103 91 88 114 99 108 111 106 111 90 94 86 89 106 100 99 91 86 95 95 104 98 95 94 100 105 114 117 101 75 109 102 98 108 117 106 113 110 105 99 95 107 115 111 11C 118 121 109 110 97 114 114 121 102 119 110 107 106 115 114 112 110 109 125 116 105 111 106 112 108 116 93 97 90 99 87 85 92 105 77 96 82 97 83 96 101 88 89 105 117 108 118 96 101 83 109 115 99 126 125 109 87 89 96 126 110 106 110 107 106 97 113 114 112 121 117 101 103 104 83 117 130 123 131 121 103 108 101 103 96 118 119 101 105 108 109 87 117 120 120 118 119 104 126 111 109 112 100 100 98 113 105 90 127 134 134 135 127 116 134 , 1923. 107 107 113 103 117 103 April May July See footnotes on opposite page also. i Compiled by the Credit Clearing House from reports to it by manufacturers and wholesalers on items of credit facts from their ledgers concerning merchants or jobbers to whom they sell. The numerical data given above show the percentage which the number of items reported relating to orders or to creation of indebtedness bears to the total number of transactions reported. As one transaction may cover both an order and an indebtedness or a payment, the sum of the percentages of orders, indebtedness, and pavments will usually exceed 100 per cent. The commodities covered are largely textiles, and the individual orders are stated to average from $250 to $600, depending on trade conditions. The year 1916 is taken as a base, as it is believed to bo more nearly normal than 1919, in which orders and payments were unusually large and Indebtedness unusually small. 173 CREDIT CONDITIONS. Table 127.—NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] ORDERS. INDEBTEDNESS. South Middle United Pacific M o u n - North tain Agricul- Agricul- Agricul2 States tural. 6 1 average. Coast. Section.3 tural.* tural.' YEAR AND MONTH. East.? United Pacific M o u n - North Middle S o u t h tain Agricul- Agricul- AgriculStates 2 tural.s tural. 6 average. Coast. Section^ tural. 4 East.' Perccnta *e of total recorded t ransactions. i 27.6 28.0 28.2 28.3 28.0 24.6 26.9 33.2 33.1 31.3 31.3 31.2 25.9 32.9 30.6 3° 2 29.7 30.5 28.8 25.0 28.5 25.8 25.4 28.0 27.3 26.3 23.8 27.1 27.2 27.5 28.7 29.3 29.8 25.6 29.3 27.7 27.4 27.5 28.2 27.4 24.9 27.5 26.3 27.4 28.0 27.4 27.2 22.9 23.3 38.8 36.2 35. 2 36.6 1920. September • October November December 29.7 29.2 26.3 20 3 32.6 30.0 27.5 25 1 29.3 29.6 25.0 21.0 29.2 27.3 23.2 19.8 31.2 29.9 26.6 23.2 29.5 29.5 27.5 19.7 28.6 28.7 26.1 17.7 36.2 1921. January February March April 17.5 24.4 23.8 23 3 19.5 24.3 23.8 26.4 17.7 25.4 24.7 20.8 2C.8 19.3 25.2 24.9 25.1 16.0 24.3 23.3 22.6 15.6 23.8 23.0 22.6 June„ July August 22.7 25.0 27.4 27.2 23.4 27.3 31.9 30.4 25.0 23.8 27.2 27.3 23.8 25.8 28.5 28.3 23.2 24.5 26.3 27.2 21.9 25.1 26.6 25.4 September October November December 27.0 27.1 24.6 25.5 27.2 26.4 22.4 27.6 27.4 29.7 24.1 26.8 27.9 27.1 25.5 26.0 28.3 29.6 27.3 26.3 24.6 22.7 20.1 23.6 1922. January February March April 25.4 25.6 26.9 24.8 29.3 31.0 32.0 28.9 26.9 27.4 28.6 22.9 27.9 28.9 30.6 26.8 25.3 24.8 26.0 25.3 23.1 22.7 23.4 22.5 May June July August. 24.1 26. 4 27.9 30.0 28.3 30.6 34.7 38.2 23.5 27.0 27.3 30.2 22.2 29.5 32.1 33.9 26.9 26.7 28.1 30.3 September October November.. December 29.5 26.4 27.9 27.7 35.1 34.3 34.8 37.0 29.6 30.8 33.4 34.4 31.0 28.2 29.5 30.7 30.0 27.9 30.2 29.0 1923. January February March April i 24.2 23.9 22.0 20.0 23.4 29.0 28.1 23.4 23.6 22.9 24.7 24.2 26.2 28.6 24.3 24.8 27.0 30.2 32.5 29.2 26.5 25.8 25.3 40.2 35.6 37.8 27.9 31.6 22.7 30.6 27.3 35.9 27.2 38.3 31.6 36.5 33.6 35.8 27.3 34.5 28.8 36.3 31.5 39.2 38.1 40.9 35.7 42.2 39.9 42.3 40.0 39.7 34.1 38.1 36.0 41.9 38.9 21.8 21.9 23.4 25.3 44.8 43. 1 42.7 35.0 40.6 42.8 37.4 27.2 21.9 22.9 23.7 43.6 45.5 41.5 44.5 41.1 49.3 45.8 29.5 31.1 32.2 45.4 40.2 37.9 42.1 42.9 43.9 33.6 35.7 39.4 42.6 32.8 29.4 29.4 36.5 35.2 28.1 29.4 34.7 41.9 34.3 33.2 36.9 37.9 33.1 30.1 36.5 37.8 37.3 33.7 34.8 37.7 36.0 34.5 34.7 38.9 37.3 38.2 35.6 39.1 37.2 35.9 34.3 33.6 37.1 43.0 41.8 35.8 39.1 40.5 42.7 36.7 38.0 42.0 42.5 36.0 42.1 40.2 42.2 38.4 36.8 36.7 40.3 41.0 37.2 36.0 41.5 45.1 43.0 40.4 42.6 41.5 38.9 37.2 41.9 37.8 44.1 44.4 45.0 45.7 41.6 40.0 41.7 44.7 43 5 43.2 42.8 45.2 44 8 44.2 43.5 42.3 45.2 41.5 46.2 32.9 41.9 36.1 37.6 39.2 40.5 41.8 37.5 38.0 43.2 32.1 34.7 38.1 38.5 39.4 39.2 40.5 35.0 43.3 27.6 36.2 39.3 36.2 33.5 31.7 34.9 37.1 44.1 36.9 38.4 36.6 38.0 33.8 34.1 40.6 38.1 37.4 35.5 38.1 38.0 43.6 36.2 34.9 32.0 30.9 34.9 38. 7 33.6 37.8 , 35.7 35.4 34.1 35.4 35.7 42.3 31.3 33.1 27.4 30.5 31.0 39.6 : 38.8 36.1 35.0 35.5 34.7 35.6 42.8 39.0 34.5 38.5 39.2 30.6 43.3 34.5 33.0 33. 7 30.9 , 34.7 33.9 ; 41.1 34.2 1916 mo. av 1917 mo av 1918 mo. av 1919 mo. av 1920 mo av 1921 mo. av 1922 mo. av 46.8 45.9 45.7 52.2 44.4 44.9 45.0 48.0 43.2 45.5 42 4 47.1 43.9 45.6 49 4 52.5 41 4 40 0 40.1 May June l I July . i i Sec footnotes on opposite page also. 3 California, Oregon, and Washington. 3 Arizona, New Mexico, Colorado, Utah,Nevada, Idaho, and Wyoming. 4 Montana, North and South Dakota, Minnesota, and Wisconsin. & Kansas, Nebraska, Iowa, Missouri, Illinois, Indiana, Kentucky, and Ohio. 6 Texas, Oklahoma, Arkansas, Louisiana, Mississippi, Alabama, Tennessee, Georgia, 7 States east of and including Pennsylvania, West Virginia, and Virginia. Florida, North and South Carolina. 174 FOREIGN EXCHANGE. Table 128.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] EUROPE. YEAR AND MONTH. England. France. Italy. ASIA. BelGer- Nether- Swegium. many. lands. den. THE AMERICAS. Switz3 erland. Japan. India. Can- Argen- Brazil. ada. ! tina. Chile. INDEX NUMBERS Relative to par. Par value 1914 average.. 1915 average. 1916 average. 1917 average. 1918 average 1919 average 1920 average 1921 average 1922 average 1920. September October November. December j 1921. I January I February March April May.... June July.... August. September. October.... November. December.. 1922. January February March April May.... June July.... August.. September. October.... November.. December.. 1923. January February March April 100 100 100 100 100 100 1OO 100 100 100 106 103 98 94 87 97 100 98 99 98 88 80 99 102 100 90 71 109 103 103 77 119 107 104 78 96 103 82 89 94 69 <100 73 98 100 101 92 100 101 ioo ! 72 91 71 59 66 13 97 95 98 103 75 36 26 38 7 86 76 88 101 79 39 22 38 5 84 84 90 97 54 90 76 40 42 25 40 96 59 99 85 40 72 35 22 37 78 75 84 103 71 34 20 36 77 74 82 103 63 84 54 71 31 19 33 75 71 80 102 61 80 51 72 72 31 18 32 77 73 80 101 55 82 47 73 77 33 18 35 82 80 37 19 39 85 80 36 20 38 81 38 24 82 43 27 78 42 26 42 83 84 88 75 40 23 40 5 79 79 86 96 47 75 40 22 39 5 77 79 87 97 50 83 86 88 65 62 <» 63 56 90 91 115 94 62 63 61 58 60 81 59 82 47 73 83 85 57 83 48 74 62 85 89 97 53 81 47 76 62 39 90 97 54 89 77 43 43 93 54 90 74 42 61 63 56 63 53 62 36 90 36 32 72 50 52 77 38 22 37 4 79 81 89 97 54 90 72 38 55 79 38 21 37 3 83 85 94 96 56 91 76 39 60 61 82 37 21 36 2 87 87 97 96 55 92 76 39 56 61 40 23 39 2 91 91 101 56 93 78 39 55 64 2 2 2 1 91 93 101 95 57 95 39 52 65 94 97 101 95 58 96 86 41 53 69 101 95 57 97 86 42 58 70 101 95 57 84 42 58 72 100 95 59 85 42 61 72 59 59 85 42 65 71 85 42 66 70 100 85 41 70 70 87 42 23 40 90 45 25 43 90 47 26 44 91 48 28 44 91 47 27 44 91 46 26 42 91 43 24 40 92 41 23 39 1 1 1 0.4 0.3 0.14 0.06 0.06 91 40 22 37 91 38 22 36 92 36 23 33 95 37 26 34 35 25 31 0.03 32 25 28 0.02 97 33 25 23 35 26 30 0.02 94 97 96 96 96 97 97 99 97 59 100 84 39 99 95 59 100 84 35 70 67 100 96 61 100 85 37 63 67 101 98 37 64 70 100 97 99 97 0.02 76 94 60 97 97 98 97 99 88 36 66 68 65 99 87 35 61 67 97 95 65 97 65 98 87 34 65 67 33 63 67 64 May.. June. July.. See footnotes on opposite page also. 1 Daily averages oi noon rates ror cable transfers reported to the Treasury daily by the New York Federal Reserve Bank. inclusive, where given, are weekly averages of commercial quotations from the Annalist. 2 Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents. Average figures for the years 1914 to 1918, 175 FOREIGN EXCHANGE. Table 129.—NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.j ASIA. EUROPE. England. France. Italy. Belgium. Germany. Switzer-i Netherlands. Sweden. land. ! Japan. THE AMERICAS. India.* Canada. Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per pound lire. mark. guilder. krone. franc. franc. yen. sterling. franc. | rupee. Argentina. Rate per Brazil. Chile. YEAR AND MONTH. Par value 1914 average.. 1915 average.. 1916 average.. 1917 average.. 1918 average.. 1919 average.. 1920 average.. 1921 average.. 1922 average.. 1920. September... October November... December 1921. January February March April $4.87 5.14 4.78 4.76 4.76 4.76 4.43 3.66 3.85 4.43 $0,193 .199 .182 .170 .174 .178 .137 .070 .075 .082 S0.193 .195 .169 .155 .137 .134 .114 .050 .043 .048 $0,193 $0,238 .128 .074 .074 .077 .030 .018 .012 .0023 $0,402 .391 .344 .337 .385 $0,268 .255 .205 .226 .262 $0,193 .194 .187 .191 .211 $0,499 .491 .495 .507 .513 $0,487 $1,000 Rate per Rate per paper milreis. peso. ; $0,965 $0,324 .941 .964 .997 .229 .190 .169 .174 .190 .533 .512 .504 .483 .478 .403 .389 .263 .287 .956 .896 .985 .234 .236 .249 .999 .990 .907 .731 .818 .253 .267 .225 .131 .129 $0,195 * ! .226 .184 .120 .122 3.51 .067 .043 .072 .017 .313 .202 .163 .514 .336 .904 .846 .183 .168 3.47 .065 .039 .069 .015 .309 .197 .159 .513 .306 .909 .814 .175 .156 3.44 .060 .036 .064 .013 .302 .191 .155 .508 .297 .893 .769 .166 .140 3.49 .059 .035 .062 .014 .310 .196 .154 .503 .269 .863 .787 .153 .142 3.74 .064 .035 .068 .016 .329 .214 .157 .487 3.88 .072 .036 .075 .016 .342 .223 .164 .487 3,91 .070 .038 .074 .016 .344 .228 .171 3 93 .072 .046 .074 .016 .348 .236 .174 May June July August.. 3.98 .084 .053 .084 .016 .356 .235 3.78 .081 .050 .080 .014 .333 3.63 .078 .045 .076 .013 3.65 .078 .043 .075 September... October November... December 3.72 .073 .042 3.87 .073 .040 .876 .794 .151 .143 .277 .881 .804 .156 .144 .486 .260 .878 .782 .151 .148 .485 .263 .891 .739 .140 .130 .179 .485 .265 .897 .718 .137 .119 .226 .170 .480 .245 .888 .699 .116 .109 .318 .210 .165 .480 .231 .882 .658 .104 .104 .012 .310 .211 .168 .484 .242 .898 .666 .118 .102 .072 .010 .317 .218 .172 .482 .264 .899 .696 .124 .107 .071 .007 .335 .229 .182 .477 .274 .914 .731 .127 .117 3.97 .072 .041 .069 .004 .350 .232 .188 .479 .269 .126 .110 .078 .044 .075 .005 .363 .245 .194 .479 .274 .915 .928 .735 4.16 .748 .127 .108 4.22 .082 .044 .078 .005 .367 .249 .194 .476 .278 .948 .772 .126 .101 4.36 .087 .049 .083 .005 .376 .261 .195 .474 .281 .963 .826 .132 .104 4.38 .090 .051 .084 .004 .378 .267 .194 .473 .278 .969 .828 .137 .114 4.41 .092 .054 .085 .003 .379 .260 .194 .474 .278 .978 .807 .136 .113 May June July.... August.. 4.45 .091 .053 .084 .387 .258 .192 .474 .288 .824 .137 .119 4.45 .088 .050 .082 .003 .387 .258 .190 .478 .819 .137 .126 4.45 .082 .046 .078 .002 .388 .259 .191 .478 .818 .136 .130 .045 .075 .001 .388 .263 .190 .477 .821 .134 .137 September October November December 4.43 .077 .043 .072 .0007 .265 .188 4.44 .074 .042 .069 .0003 .390 .266 .184 4.48 .069 .045 .064 .0001 .393 .184 .484 4.61 .072 .050 .066 .0001 1922. January February March April 1923. January February March April 4.46 .290 .997 .481 .287 1.000 .811 .125 .137 .481 .288 1.001 .814 .113 .136 .295 1.000 .822 .119 .124 .306 .994 .856 .119 .124 .189 4.65 .067 .049 .061 .00007 .188 .487 .317 .991 .847 .114 .128 4.69 .061 .048 .054 .00004 .395 .266 .188 .484 .318 .987 .842 .114 .120 4.70 .063 .049 .055 .00005 .395 .266 .186 .485 .316 .981 .841 .111 .127 4.66 .070 .050 .058 .00004 .392 .182 .487 .314 .832 .106 .123 May. June. July. See footnotes on opposite page also. 8 The foreign exchange index number recently computed by the Federal Reserve Board is based upon the average rates of exchange for 17 countries, Germany excluded, and is here substituted for the weighted geometric average previously published. The index represents the "aggregative" average of cable transfer rates on these countries and is based on the total volume of imports and exports of merchandise, gold, and silver from and to each country for the preceding 12 months. The countries used in computing the index are Belgium, Denmark, England, France, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, Canada, Argentina, Brazil, Chile, China, India, and Japan. The method of computation and the reasons for the change are explained in detail in the Federal Reserve Bulletin for October, 1922, page 1260. 4 Average value of the paper peso in 1913. 176 IMPORTS INTO THE UNITED STATES. Table 130.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] FROM NORTH AMERICA. FROM EUROPE. YEAR AND MONTH. Total. GerFrance. many. Italy. United Kingdom. Total. Canada. FROM ASIA FROM AND OCEANIA. AFRICA FROM SOUTH AMERICA. Total. GRAND TOTAL. Argentina. Total. Japan. Total. 1OO 100 116 193 271 1OO 1OO 1OO 107 83 100 109 146 99 184 261 133 256 308 165 330 378 467 207 277 305 360 169 414 473 218 419 633 294 254 170 140 358 249 174 Relative to 1913. 1913 monthly average.. 1914 monthly average.. 1915 monthly average.. 1916 monthly average.. 1917 monthly average.. 100 91 63 73 64 100 75 56 78 71 1OO 1918 monthly average.. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 1922 monthly average.. 37 87 0 142 43 89 119 48 88 102 44 115 103 64 81 24 3 0 6 1OO 100 93 109 66 44 107 136 113 115 1OO 1OO 1OO 106 113 115 95 131 125 112 169 167 103 224 291 56 250 318 114 297 348 189 427 431 88 194 236 131 211 256 1OO 116 163 216 302 308 347 384 149 181 1OO 220 370 455 697 893 779 812 234 335 1 1920. September October November December . 148 325 308 49 88 95 115 118 37 102 85 30 72 32 45 123 48 96 100 43 126 122 52 114 101 103 83 86 76 100 107 1931. January February. March April 63 101 94 .- 106 456 377 1,074 287 703 313 605 532 243 380 275 503 217 444 380 369 358 266 77 198 289 186 269 83 243 278 160 249 115 120 284 264 198 117 115 276 264 151 321 214 243 258 223 189 35 152 144 175 215 178 189 108 222 140 195 142 159 144 395 172 130 256 169 185 251 232 287 208 170 186 276 115 137 204 246 158 124 98 54 109 66 146 199 119 191 218 200 304 82 119 94 48 134 71 156 200 144 312 227 311 71 130 117 92 44 118 81 143 204 103 132 194 120 150 85 165 248 141 179 143 126 120 99 39 47 122 117 97 109 173 160 243 226 107 162 164 275 207 62 50 225 202 202 300 273 488 218 345 141 159 95 92 47 100 92 174 212 138 339 228 58 69 117 178 170 152 245 291 248 101 209 272 318 112 63 147 225 219 144 222 93 55 98 195 180 139 208 239 223 235 230 523 91 119 78 145 144 171 327 145 100 56 121 112 221 239 200 285 265 360 217 169 106 87 78 63 104 120 123 170 181 435 246 185 169 117 116 70 87 139 243 272 166 386 372 306 252 174 112 259 284 160 63 223 237 370 104 September October November December 228 119 119 2 141 197 99 . 221 168 103 May June... July August 214 65 93 ... . 85 107 97 101 1922. January February March April 155 45 88 . 42 93 82 September October November December 102 79 . .. 84 76 May June July August . 329 465 194 188 | 113 70 95 141 164 237 167 394 244 326 95 200 151 85 157 201 249 395 235 395 397 569 203 185 131 . 96 162 106 67 147 149 218 293 239 400 300 418 394 195 135 102 70 195 137 206 312 237 450 308 402 461 196 144 123 90 186 148 222 251 548 361 376 896 221 1923. January 258 February March April See footnotes on opposite page. 177 IMPORTS INTO THE UNITED STATES. Table 131.—NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] FROM NORTH AMERICA. FROM EUROPE. FROM SOUTH AMERICA. FROM ASIA AND OCEANIA. FROM AFRICA GRAND TOTAL. YEAR AND MONTH. Total. France. Germany. Italy. United Kingdom. Total. Argentina. Total. $11,844 $16,522 $2,131 19,127 13,669 4,690 26,857 14,800 7,890 35,634 19,771 9,691 49,902 34,473 14,855 $26,344 26,265 30,489 50,865 71,455 $8,245 8,808 9,026 15,174 21,139 $1,978 1,638 2,887 5,158 Canada. | Total. Japan. Total. Thousands of dollars. $11,578 $15,351 $4,610 $22,663 $ 3 2 , 4 8 5 $149,383 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average. average. average. average. average. $72,056 65,293 45,529 52,776 45,929 8,685 6,493 9,074 8,220 12,449 3,746 485 13 4,601 4,297 5,020 3,040 23,949 21,525 25,457 23,340 36,783 42,455 54,870 72,665 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average. average. average. average.. 26,510 62,544 102,320 63,745 82,604 4,959 10,318 13,805 11,824 11,901 26 884 7,403 6,690 9,798 2,028 4,922 6,280 5,191 5,317 12,385 25,766 42,821 19,900 29,745 81,218 96,481 138,555 62,904 68,551 37,641 41,225 50,989 27,953 30,333 50,911 57,294 63,417 24,635 29,933 19,032 16,597 17,315 4,994 7,138 86,837 99,696 123,058 54,447 72,918 25,162 34,154 34,548 20,939 29,524 7,126 9,349 12,524 3,365 4,933 252,601 325,364 439,873 209,096 259,377 91,041 34,277 33,613 26,824 19,335 105,548 100,163 101,828 89,222 53,977 71,619 63,013 59,581 62,355 47,379 40,127 35,884 22,883 14,971 8,098 9,454 100,119 97,157 94,205 70,061 26,437 21,240 15,566 11,864 4,227 700 3,015 3 457 363,290 333,196 321,209 266,057 4,391 3,148 5,064 4,140 208,797 214,530 251,969 254,579 149,106 148,216 199,303 246,039 1920. September October.... November December 87,797 82,035 67,432 12,325 11,749 11,712 11,896 9,645 7,923 7,558 5,666 4,035 4,365 5,320 1921. January February March April 59,579 54,830 76,798 69,156 10,012 11,578 14,200 11,591 4,630 4,952 7,368 6,676 3,339 2,061 5,299 5,413 I 17,438 18,885 27,090 26,172 64,179 78,798 92,112 89,669 34,232 32,874 31,215 31,285 30,750 26,509 32,685 30,535 5,730 5,316 8,413 5,345 49,898 51,244 45,309 61,079 11,711 10,678 23,637 May.... June July.... August. 60,804 54,718 56,754 59,139 11,823 10,785 11,316 10,923 6,456 6,975 8,217 7,309 7,131 4,946 5,018 5,728 19,374 14,842 14,984 15,983 69,603 54,575 47,351 50,583 26,143 23,289 23,627 23,695 23,358 19,620 19,700 23,799 4,854 4,062 4,638 6,646 48,871 53,648 52,737 59,849 22,760 20,253 25,106 25,646 2,275 3,129 1,618 1,399 » 204,911 185,690 178,159 194,769 September. October November. December.. 63,408 66,769 70,254 72,733 13,565 10,677 13,930 11,484 6,785 7,625 5,914 7,372 5,438 6,917 5,607 5,393 18,299 19,215 21,888 24,626 46,349 53,443 56,317 51,869 24,189 29,416 28,767 26,709 17,133 17,712 26,717 27,106 2,818 51,170 2,995 1 47,241 1 4,803 ! 53,345 4,307 j 78,969 22,700 17,077 22,519 40,242 1,233 2,843 4,315 6,819 179,292 188,008 210,948 237,496 1922. January February March April 68,113 71,491 85,796 65,667 10,654 11,656 13,025 10,742 7,224 8,901 9,633 8,497 4,590 3,180 5,501 3,598 20,805 26,499 33,362 22,124 56,529 57,701 73,235 63,323 25,214 20,137 25,937 21,296 22,793 25,114 23,745 22,889 5,229 6,193 4,727 4,440 65,237 27,941 55,146 j 22,406 63,057 19,370 58,725 18,990 4,513 6,291 10,339 6,470 217,185 215,743 256,178 217,023 May June July.... August.. 73,949 76,470 75,095 84,627 11,591 10,025 9,059 13,390 8,520 9,595 9,598 10,737 5,584 4,791 5,155 4,017 25,439 27,141 27,938 31,486 71,718 72,322 76,935 78,849 28,249 30,733 33,682 32,185 33,032 29,158 29,964 27,389 6,082 7,891 8,234 7,920 69,831 80,535 66,479 86,713 29,693 35,825 20,261 38,362 4,287 1,975 3,655 3,835 252,817 260,461 251,772 281,376 81,682 116,525 94,630 97,200 11,146 17,495 12,227 11,800 10,683 13,021 10,247 10,817 4,395 7,258 6,767 8,971 31,851 45,537 33,722 31,036 53,191 81,050 70,946 66,812 28,081 46,809 34,695 36,982 27,646 38,861 39,416 39,186 8,405 8,408 8,528 9,595 64,402 104,624 79,122 81,139 26,870 46,954 34,454 33,156 1,875 4,024 7,791 9,125 298,493 276,099 291,906 293,464 103,643 14,273 13,788 8,593 33,579 72,105 30,597 41,413 11,676 95,013 31,041 17,730 329,903 September s October November.. December.. 1923. January February March April 4,688 1 Compiled by the U.S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent imports of merchandise only. Up to J > and including May, 1921, import values represented "actual market value or wholesale price at the time of exportation to the United States, in the principal markets of the country from whence exported, including the value of all containers and coverings, whether holding liquids or solids, and all other costs, charges, and expenses incident to placing the merchandise in condition, packed ready for shipment to the United States." (Tariff act of 1913.) Beginning with June, 1921, the import values are either the actual foreign market value, as defined above, or "the export value, including any export tax imposed by the country of exportation," whichever is higher. (Emergency tariff act of May 27,1921.) 2 Figures for September, 1922, include only the first 21 days of September, during which the old tariff law was in force. 43622° -12 178 EXPORTS FROM THE UNITED STATES. Table 132.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] YEAR AND MONTH. Total. GerFrance. many. TO SOUTH AMERICA. TO NORTH AMERICA. TO EUROPE. Italy. United Kingdom. TO ASIA AND OCEANIA. TO AFRICA GRAND TOTAL. Total. Canada. Total. tlna. Total. Japan. Total. 1OO 1OO 1OO 85 67 88 85 116 73 128 143 Relative to 1913. 1913 monthly average.. 1914 monthly average.. 1915 monthly average.. 1916 monthly average.. 1917 monthly average.. 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly 100 89 100 111 1OO 1OO 1OO 1OO 1OO 1OO 45 124 102 80 77 62 172 325 3 343 203 93 86 98 100 49 96 1 1OO 386 319 154 150 150 140 226 175 187 221 (•) 533 340 210 206 213 195 263 298 178 251 257 605 349 220 220 207 191 290 438 205 248 580 <•) 26 626 346 563 386 216 182 301 284 432 586 338 319 298 439 88 473 328 321 241 426 389 502 605 573 331 158 146 106 274 159 188 147 187 202 311 377 252 181 139 173 90 192 145 152 143 154 174 265 350 193 154 368 68 448 289 336 260 446 475 353 190 317 292 339 1920. September October November 559 611 251 average.. average.. average.. average.. average.. 254 271 617 111 544 326 358 258 490 477 414 232 710 363 639 286 398 506 499 173 352 688 327 348 279 166 448 225 316 162 503 529 550 440 576 316 159 132 397 190 222 134 318 359 493 423 506 235 153 104 258 159 192 143 234 266 311 315 365 187 106 65 208 171 188 146 170 160 256 233 240 164 77 70 344 179 150 148 168 234 236 193 159 99 105 347 163 131 184 146 143 161 263 328 167 163 109 124 209 158 204 280 154 157 213 204 155 203 127 130 145 173 174 117 114 120 233 218 174 177 142 168 125 150 121 174 167 114 113 253 374 110 157 157 202 90 125 116 293 123 109 133 111 229 123 140 158 296 340 483 502 173 83 74 154 143 124 133 150 134 283 202 173 122 124 166 142 143 119 138 81 141 132 116 97 113 103 May June July August 568 551 147 . . 535 184 141 142 . 206 323 165 1922. January February March April 339 282 140 October November December 254 487 159 July 412 199 191 May 120 296 260 1931. January February March April 460 311 75 122 86 108 119 316 252 148 152 106 168 147 147 142 115 141 135 136 100 105 132 147 125 149 172 129 150 184 311 242 135 157 89 144 142 132 149 176 149 179 182 151 166 276 127 151 143 147 171 160 197 127 96 69 151 153 124 144 90 199 112 171 168 154 144 105 590 202 166 537 134 361 438 180 218 270 164 154 249 308 271 149 314 198 162 161 270 250 308 178 145 154 218 204 197 146 135 121 159 Sfiptp/mbftr 132 172 74 193 144 168 165 169 196 224 241 209 151 October November December 165 236 99 296 170 178 174 164 194 296 416 178 179 173 249 93 272 182 173 167 183 184 286 412 228 184 149 195 84 244 163 170 157 181 215 269 389 157 166 152 182 89 236 170 156 146 175 201 241 257 186 162 128 108 83 163 145 149 132 171 213 271 339 204 148 132 160 85 196 129 181 160 188 199 335 454 186 165 1923. January February March... April May.. . See footnotes on opposite page. 179 EXPORTS FROM THE UNITED STATES. Table 133.—NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page. | TO EUROPE. YEAR AND MONTH. Total. GerFrance. many. Italy. United Kingdom. TO NORTH AMERICA. Total. TO SOUTH AMERICA. Canada.; Total. TO ASIA AND OCEANIA. TO AFRICA GRAND TOTAL. Argentina. Total. Japan. Total. j 84,582 j 2,201 I 4,403 | 6,400 | 8,925 817,319 14,700 20,099 39,211 45,567 85,208 3,479 3,811 9,096 15,528 $2,411 2,110 3,095 4,501 4,282 22,815 30,530 31,495 19,620 18,209 4,933 8,160 13,806 6,071 4,648 512,424 660,035 685,668 373,761 319,328 604,686 Thousands of dollars. 1913 monthly average.. 8124,964 812,827 8 2 9 , 3 2 8 I $6,556 849,228 850,098 833,599 813,210 1914 monthly average.. 111,603 14,175 49,081 ; 40,132 | 25.8S5 : 7,584 13,191 j 8,161 1915 monthly average.. 214;451 41,733 99,870 i 46,567 i 28,754 : 12,011 981 j 22,477 1916 monthly average.. 317,773 71,735 77,046 j 50,409 j. 18,350 25,294 I 157,282 188 1917 monthly average.. 338,538 78,399 105,081 | 69.077 , 25,991 34,920 107,450 Is) 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average.. average.. average.. average.. average.. 1920. September October November December 1921. January February March April May June July August.. September. October November.. December.. 1922. January February March April May June.... July.... August. September. October November. December.. 1923. January , February March April 8207,002 176,135 296,223 456,887 519,459 26,343 41,015 36,890 30,980 17,955 12,575 171,774 189,880 161,319 78,510 71,323 110,457 107,983 160,764 94,132 76,312 73,906 01,1X7 80,988 49,473 48,057 25,226 36,812 51,993 22,777 18.839 8,759 12,992 17,811 9,236 7,962 50,250 74,775 86,932 53,782 45,918 142,479 160,440 125,001 138,854 168,127 87,264 21, 782 21, 858 9,904 7,632 86,738 54, 471 59, 828 61,180 179,333 71,624 12,067 17,116 751,211 169,741 69,339 65, 285 68,893 9,023 15,411 676,528 161,591 61,700 67, 251 26, 045 23, 207 ! 86,508 18,333 16,592 720,287 158,528 54,373 61, 430 22,846 13,893 654,271 45,179 38, 804 24, 228 16, 441 95,201 111,381 85,362 22,029 12,091 486,454 96,083 48,108 28,621 12,166 53,915 10,410 8,806 386,680 94,309 48,988 20,718 7,345 44,422 12,148 5,776 340,404 321,558 77,600 432,306 74,447 7,730 372,174 56,349 25,953 196,992 18,745 31,027 173,617 22,247 313,277 47,205 19,797 29,375 423,310 79,085 | 32,449 35,689 357,198 59,010 35,061 26,997 388,344 38,010 I 58,439 31,945 325,219 35,825 48,812 29,357 238,816 20,432 38,837 26,004 199,256 19,597 30,503 16,908 110,794 93,450 78,155 175,239 13,582 19,133 13,634 | 84,247 176,799 9,863 20,485 22,537 80,287 89,647 50,483 18,036 7,090 40,586 12,297 4,642 329,710 177,814 12,708 30,796 22,743 64,439 92,071 49,100 17,496 7,388 45,483 17,057 4,034 336,899 183,195 13,946 36,324 13,674 71,315 87,357 51,996 15,548 7,257 35,374 14,588 3,708 325,181 206,228 15,050 38,284 13,944 85,257 102,141 08.362 13,919 5,486 40,402 16,548 4,198 306,888 177,246 21,579 36,774 9,857 59,475 87,138 19,499 2,662 324,863 25,849 26,206 18,554 84,951 77,128 44,750 i 15,308 5,179 5,318 43,897 196,054 50,677 25,159 4,163 343,331 153,071 19,259 24,326 13,249 60,640 71,57<J 41,194 j 13.320 5,100 51,256 26,126 4,865 294,092 154,961 17,231 21,741 15,001 69,105 62,210 35,111 i I 10,205 7,237 58,807 30,718 4,010 296,198 149,042 128,938 180,182 183,143 17,753 16,054 19,080 22,076 23,669 22,053 35,658 31,048 9,266 5,637 64,933 53', 390 57,995 32,606 13,853 59,717 35,301 6,558 11,028 72,788 73,512 44,493 72,291 71,124 43,402 14,0*8 17, \\fii 18,300 278,848 250,620 329,9S0 318,470 74,480 71,050 44,288 IS,158 75,246 75,K96 47,944 62,346 75,616 49, 514 55,264 85,573 56,492 20,929 19,530 18,800 54,726 27,985 3,232 43,534 18,788 4,344 53,799 22,785 5,258 41,874 14,041 3,9(51 8,064 43,074 16,030 6,534 307,569 9,023 46,811 16,363 4,780 335,117 7,378 43,251 16,024 4,282 301,157 7,053 37,795 10,646 4,751 301,775 6,187 6,246 6,987 8,411 168,754 20,117 | 26,105 186,701 22,945 28,191 158,634 21,243 20,315 154,886 18,466 26,317 9,473 11,933 18,111 13,042 164,595 206,019 22,025 21,716 12,674 70,853 83,985 55,363 20,621 8,991 38,841 12,556 5,049 313,197 30,215 28,981 19,384 83,928 89,124 58,460 20,079 8,900 51,197 21,690 4,301 370, 719 215,802 31,928 27,385 17,800 89, 731 86,858 [ 55,989 22,304 8,430 49,598 21,455 5,490 380,000 186,727 25,062 24,742 15,989 80,412 85,262 j 52,833 22,128 9,871 46,517 20,237 3,792 344,324 189,659 23,286 26,086 15,489 83, (>03 78,368 48,90S 21,324 9,210 41,709 13,366 4,479 335,539 159,647 13,791 24,442 10,705 71,597 74,742 44,497 20,937 9,780 47,012 17,662 4,930 307,269 164,798 20,475 25,031 12,851 63,630 90,849 53,644 22,943 9,105 58,080 23,642 4,493 341,162 May.. June. 1 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent exports, including reexports, of merchandise only. Values are those at time of exportation in the ports of the United States whence exported, except reexports from boDdecf warehouses, which are expressed in their import value. »Total for year 1917 is $3,275. No figures for 1918. 180 GOLD AND SILVER. Table 134.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government and non-Government sources,1 [ Base year in bold-faced type.] SILVEB GOLD. DomesPrice Price in in ImEx- tic re- Rand I m Ex- Proceipts out- ports. ports. due— New Lonports. ports. put. tion. York. don. at Domestic Band ports. receipts output. at mint. Ex- Im- ports. mint. YEAR AND MONTH. SILVER GOLD. Thousands of dollars. Fine ounces. 1OO 1OO 1OO 1OO 1OO 1OO 1OO 1OO 243 105 95 72 82 108 92 92 34 107 103 96 85 112 83 86 170 90 105 90 112 111 110 114 405 76 103 149 134 107 136 148 45 58 96 199 403 102 162 172 401 48 95 249 381 85 186 207 351 42 93 246 181 85 169 223 26 54 92 176 82 80 105 134 40 58 80 197 100 83 113 125 36 45 128 88 110 145 45 89 76 162 14 163 102 98 99 126 9 48 92 130 56 109 94 118 5 48 93 110 44 80 99 124 1,096 14 45 94 233 45 77 100 124 826 10 43 93 121 27 72 98 127 . 1,210 1,599 49 60 94 151 98 70 101 136 9 63 97 263 72 72 103 138 September. 1,245 October... 887 November. 966 December. 596 31 38 95 76 111 145 87 94 97 150 99 251 85 119 150 1921. 634 January... February.. 803 1,644 March 1,538 April May June July . . . August 1923. January... February.. March April.. May June July August September October... November. December. 1923. January... February.. March April 8 67 96 198 91 92 68 114 141 28 61 93 185 137 70 110 129 500 11 51 76 127 45 160 136 109 123 631 13 48 31 233 82 108 121 231 21 48 70 161 98 71 70 75 74 110 23 46 11 217 541 111 124 169 44 55 86 184 131 21 52 92 212 109 115 119 244 119 130 117 129 116 127 810 8 62 101 233 120 360 12 70 103 165 74 76 86 78 100 461 18 102 213 106 114 125 345 45 109 116 498 35 132 196 263 96 93 87 91 128 230 71 62 126 132 116 393 60 81 71 56 107 114 618 111 18 136 47 49 44 104 96 195 127 155 132 42 90 93 85 110 110 108 113 112 116 158 300 ports. ports. Produe— tion. Price In New York. Price in London. 104 108 Ounces. Thousands of dollars. Thou- Dollars Pence peri sands of per standard fine fine ounce, ounces. ounce. 0.925 fine.i B.—NUMERICAL ]DATA. A - I N D E X NUMBERS. 1918 mo.av. 97 1919 mo.av. 120 1920 mo.av. 673 1921 mo.av. 1,085 1922 mo. av. 432 Ex- i Relative to 1913. 1913 mo.av. 1 0 0 1914 mo.av. 90 1915 mo.av. 709 1916 rnaav. 1,077 1917 mo.av. 867 Im- 112 117 117 $5,309 $7,650 148,050 7 3 2 , 7 7 9 $2,989 $5,231 5,567 $0,598 2 7 . 5 7 3 4,300 6,038 4,782 698,275 2,163 .548 25.313 18,551 155,083 157,830 2,874 4,467 23.675 757,823 2,619 6,247 .497 37,663 772,128 2,689 .657 31.315 5,883 6,201 57,166 12,999 133,597 751,855 .814 112,495 4,445 7,011 5,978 40.851 46,038 30,990 5,170 6,378 35,729 57,604 22,931 3,422 30,682 26,841 1,991 3,073 86,472 71,093 62,377 80,183 86,314 701,722 694,174 679,801 676,216 585,577 5,948 7,451 7,338 5,270 5,iX)l 21,071 19,918 9,468 4,298 5,234 5,651 4,723 4,714 4,477 4,623 .968 1.111 1.009 .627 .675 47.516 57.059 61. 590 36.841 34.338 33,634 42,627 87,272 80,662 2,725 1,036 66,664 66,322 70,775 71,303 651,593 558,137 671,123 681,382 4,835 4,862 3,872 3,298 6,691 5,337 2,919 2,319 4,907 5,465 6,077 4,437 .660 .592 .560 .593 39.985 34.745 32.479 34.250 58,171 43,576 64,247 84,902 1,063 67,052 63,821 88,474 93,128 687,776 678,490 689,555 711,526 6,956 3,627 4,513 7,853 2,353 1,424 5,113 3,743 4,277 4,022 3,902 4,017 .598 .585 .603 .616 34.165 34.971 37.481 38.096 56,251 128,643 99,379 90,388 691,096 707,825 704,236 681,847 4,488 7,510 5,912 5,516 4,947 4,782 4,804 7,145 4,212 4,724 3,790 3,897 .662 .682 .658 40.082 41.442 38.750 35.645 75,919 66,608 70,629 71,768 335,000 77,000 227,728 511,338 6,496 4,786 6,953 4,800 3,977 7,092 4,302 5,109 3,938 3,878 4,186 4,139 .655 .653 .644 .666 35.035 33.891 33.269 34.080 629 786 675,697 738,635 752,490 5,512 6,346 6,957 4,944 5 677 6,004 6,269 3,861 4 258 4,760 4,341 5,562 .712 .711 .702 .694 36.023 35.900 35.644 34.957 35.305 34.498 32.066 31.383 66,085 47,107 51,299 31,666 26,571 28,739 33,488 12,244 710 384 774 3,735 672 2,449 7,576 607 2,162 863 1,732 963 1,579 .710 8,994 12,977 42,987 19,092 3 407 1 601 956 81 839 76,880 92,399 103,262 24, 464 20,866 18,308 26,440 1,399 17, 592 3,431 2,710 89,561 119,294 104, 708 82,901 747,089 778,159 764, 476 790, 712 6,370 3,940 5,855 7,848 3,735 3,269 6,599 6,913 5,325 5,161 4,870 5,052 .695 32,820 8,383 15,951 8,472 1,399 10,392 69,425 72,284 64,494 65 043 764,000 704,000 5,825 3,792 4,626 6,921 2,191 4,732 5,190 4,729 6,110 .657 644 680 .652 .638 .643 .676 .669 31.928 30.875 32.310 32 346 May . June Geological Survey. Commerce; Domestic receipts of unrefined gold L Rand gold output from the Engineering and Mining Journal; d — which are from U. 8. Department of Interior, 181 CANADIAN INDUSTRY. Table 135.—(A) INDEX NUMBERS AND (B) NUMERICAL DATA. Data from Government and non-Government sources.1 [Base year in bold-faced type.] jj NEWSPRINT PAPER. RAILROAD OPERATIONS.2 Net operating revenue. Contracts | award-; ed. | 13 Y E A R AND M O N T H . R i m n ,5JrQ INGS. j| a 3 Production. Relative to 1913. Relative to 1919. Shipments. 1918 monthly 1919 monthly 1920 monthly 1921 monthly av. av. av. av. 100 63 22 26 22 1OO 96 77 122 135 100 86 70 111 118 91 26 49 67 63 81 135 117 136 114 75 43 17 48 114 104 111 92 91 100 109 101 135 92 100 108 99 134 106 100 85 135 84 100 108 114 114 1921. January February March April 106 95 98 103 99 91 94 98 120 136 148 172 104 96 137 86 28 55 32 May.... June July.... August. 73 81 103 107 74 83 98 111 166 135 154 126 SO 77 104 118 84 83 55 113 84 81 89 99 September.. October November.. December.. 103 112 111 117 100 116 108 117 135 106 115 110 111 119 121 132 61 59 52 138 178 153 133 1922. January February March April 121 116 128 124 123 118 129 122 93 76 63 69 123 128 172 111 26 33 42 92 May.... June July.... August. 140 138 134 146 140 138 126 144 66 55 91 94 137 157 139 152 September.. October November.. December.. 140 145 144 138 136 143 142 147 112 112 118 61 1923. January February March , April 148 137 158 140 134 154 92 85 100 1922 monthly a v . , Exports. Contracts awarded. Freight carried 1 mile. Net operating revenue. Thousands of tons. Dollars. $6,224,251 5,342,357 4,342,064 6,915,408 7,323,404 B.—NUMERICAL 22 44 55 70 82 av. av. av. av. av. RAILROAD OPERATIONS.* Thousands of dollars. Stocks. Short tons. A.—INDEX NUMBERS. 1913 monthly 1914 monthly 1915 monthly 191G monthly 1917 monthly BUILDINGS. NEWSPRINT PAPER. DATA. 12,233 24,382 30,384 38,601 45,026 61,527 67,284 $32,013 20,163 6,993 8,276 7,070 1,919,413 l,83S,608 1,471,776 2,349,614 2,598,892 73,601 67,738 90,546 62,386 67,922 73,250 67,342 91,013 13,352 12,597 10,687 17,045 10,600 50,425 55,203 59,469 62,969 63,077 8,320 15,836 21,301 20,011 25,987 2,585,756 2,245, S83 2,605,416 2,199,492 2,437,023 4,088, 726 2,650, 772 419,703 3,034,176 3,953,921 71,518 63,607 65,619 69,221 67,360 61,575 64,185 66,260 15,118 17,110 18,663 21,632 57,342 52,836 75,774 47,464 8,948 17,641 10,257 21,622 2,195,008 2,002,311 2,122,115 1,759,032 3 2,072,166 a 1,431,832 1,367,768 24 49,308 54,715 68,977 72,295 49,980 56,412 66,869 75,435 20,920 17,007 19,367 15,919 44,178 42,380 57,318 65,322 26,860 26,437 17,741 36,307 1,603,459 1,549,754 1,701,480 1,900,867 1,476,234 1,883,S49 2, 219,649 5,194,575 101 160 103 53 68,983 75,481 74,537 78,599 68,164 79,056 73,380 79,433 17,030 13,399 14,482 13,896 61,207 65,708 67,055 72,660 19,566 18,997 16,640 19,119 2,643,289 3,423,734 2,939,166 2,553,683 6,287,477 9,969,263 6,393,845 3,862,28S 99 105 127 90 57 21 81,418 78,294 85,973 83,731 83,555 80.. 476 87,572 82,924 11,727 9,535 ?;919 ' 8,726 67,701 70,729 95,196 61,453 8,393 10, 718 13,466 29,428 1,901,153 2,011,226 2,436,149 1,728,754 3 861,527 8 140,316 3,568,803 1,315,876 109 111 83 79 102 91 63 40 94,502 92,588 90,282 98,141 94,812 93,901 85,447 97,764 8,375 6,893 11,513 11,813 75,783 80,480 77,004 84,024 34,827 35,620 26,694 25,188 1,954,699 1,743,831 1,787,837 1,902,073 3,936,176 2,464,101 144 148 171 155 92 76 67 164 157 226 218 116 117 189 149 34 94,444 97,467 97,148 92,563 92,210 97,362 96,232 99,902 11,083 14,085 14,913 7,623 79,558 81,552 91, 532 85,506 29,314 24,270 21,454 52,472 3,017,717 4,332,260 4,193,S()2 2,234,769 7, 273,576 11,711,2X1 9,2S3,522 2,140,033 150 153 206 31 42 135 107 99,797 91,935 106,361 95,010 91,087 104,496 11,614 10,689 12,639 82,789 84,395 113,450 9,841 13,312 2,587,896 2,051,212 851,980 U, 821,424 96 22 20 1,259,159 19,955 30,844 May.. June. 1 Production, shipments, and mill stocks of newsprint, comprising practically total production of Canada, furnished by the News Print Service Bureau; exports of newsprint paper and railroad operations compiled by Canadian Department of Trade and Commerce: building contracts from McLean Jiuilding Reports (Ltd.). 2 Annual figures cover all railroads in Canada; monthly reports cover all railroads with annual operating revenues of $500,000 or over, which include 98 per cent of the total revenues of all roads. 3 Deficit. 182 CANADIAN FINANCE AND TRADE. Table 136.—INDEX NUMBERS. From Government and non-Government sources.1 [ Base year in bold-faced type; numerical data on opposite page.] BUSINESS FAILURES. YEAR AND MONTH. BANK CLEARINGS. BOND E M P L O Y M E N T SERVICE O F CANADA. ISSUES. Government Corpo- Appliiabil F i r m s . Lities. - ; and M u n i c - ration cations. provin- ipal. b o n d s . cial. Relative to 1913. 1913 monthly average.. 1914 monthly average.. 1915 monthly average.. 1916 monthly average.. 1917 monthly average.. 100 85 82 111 1OO 159 1OO 194 405 97 95 393 132 61 82 1,271 1918 monthly average.. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 1922 monthly average.. 144 45 75 1,312 174 34 61 1,457 210 54 133 220 181 131 304 303 168 178 344 613 186 128 392 413 161 110 204 167 105 305 183 91 177 1OO 73 57 43 25 161 144 1921. January February March April 51 27 46 73 75 September October November December Regular. Casual.2 (value). Imports. 1OO 59 i 1OO 31 ! 68 57 76 44 126 92 10 144 83 137 109 1OO 107 110 62 83 59 87 66 54 290 33 81 170 80 78 87 108 98 85 100 16 102 86 75 117 122 96 81 71 152 104 81 188 103 112 197 49 63 170 132 531 90 36 41 157 229 127 189 421 336 341 321 251 208 113 150 226 98 42 292 81 78 146 86 129 153 74 214 107 67 137 134 26 110 69 8 89 58 2 59 97 193 190 45 204 124 140 52 43 249 72 233 117 50 81 390 88 166 103 9."> 126 164 261 211 221 33 113 1OO 93 129 185 120 130 189 1OO 290 97 159 60 184 1OO 1OO 151 122 87 Canned C h e e s e . W h e a t . salmon. 1OO 121 125 206 313 1OO 77 81 1OO 237 l Ex- ports. Relative to 1913. 100 161 May June July Vacancies. E X P O R T S OF KEY COMMODIT IES (quantities )• TOTAL Relative to 1920. 1OO 185 Placements. FOREIGN TRADE. 3 129 44 40 102 72 180 191 110 188 44 47 131 255 297 184 95 201 188 167 116 198 472 118 167 151 324 | 777 246 122 126 132 114 221 107 190 317 164 85 192 180 299 309 47 122 102 86 72 235 106 259 610 134 252 68 208 146 409 216 73 156 91 57 44 185 115 279 289 124 349 200 187 349 70 44 126 93 51 38 198 107 277 104 65 412 168 143 224 203 495 441 483 23 110 65 107 102 90 57 56 138 137 92 97 150 150 110 72 12 36 167 139 320 51 29 158 101 76 39 35 54 142 194 106 27 150 126 340 2,668 186 105 95 91 71 139 112 73 07 72 86 104 56 8 21 May June 186 175 423 123 272 110 104 85 140 62 24 170 238 110 204 170 103 94 113 163 277 4 60 50 110 229 237 135 145 109 120 68 101 140 138 98 97 55 158 88 102 233 J U ly August 45 4i 118 110 224 163 HI 10 75 133 138 45 7 94 124 1922. January Ffibmarv March April September October November December 1923. January February . March April : ! 88 77 159 91 182 79 162 130 149 120 126 108 232 445 149 110 ! 156 141 141 152 120 330 330 153 449 156 186 156 259 127 166 357 452 202 204 333 8 19 62 ; 102 73 67 104 136 420 100 129 660 194 207 399 3,246 130 168 1 79 61 46 106 126 357 170 68 485 167 217 436 191 1 165 219 111 83 51 218 122 209 127 24 116 133 215 397 None. 266 423 S9 77 39 235 117 187 168 3 85 149 186 370 161 113 90 164 250 129 4 79 47 52 237 i ' Mav July I See footnotes on opposite page. 183 CANADIAN FINANCE AND TRADE. Table 137.—NUMEBICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] BUSINESS FAILURES. BANK CLEARINGS. Firms. YEAR AND MONTH. Millions ofdollars. 1913 monthly a v . . . $775 659 637 859 1,021 1914 monthly a v . . . 1915 monthly a v . . . 1916 monthly a v . . . 1917 monthly a v . . . j September.. 14,584 15,483 12,179 13,014 59,805 59,518 64,271 60,050 59,590 81,256 87,640 87,186 23,000 22,571 30,655 36,452 11,825 .10,624 16,319 21,779 9,118 51,476 54,294 79,337 47,861 47,098 47,004 60,847 32,652 1,935 1,520 1,266 4,708 5,602 1,861 | 3,533 6,042 6,475 42,233 37,345 42,144 39,432 1,080 1,740 16,765 5,454 6,315 3,095 45,892 40,816 40,486 65,857 41,690 35,382 36,606 73,179 25,785 23,439 23,970 49,271 9,253 6,801 6,176 7,275 66,121 61,669 60,757 67,355 70,459 73,107 71,821 74,486 1,089 1,192 1,767 1,325 3,156 14,207 7,093 11,760 17,470 9,487 17,179 11,587 450 7,650 3,800 10,383 54,007 64,699 42,494 32,877 59,763 56,797 29,337 24,456 36,615 43,010 20,586 13,971 8,296 10,003 6,859 6,973 60,318 66,875 76,194 70,205 72,934 103,905 131,826 112,038 7,825 19,230 19,758 37,593 16,636 55,316 8,816 40,669 15,904 13,536 25,665 | 26,095 10,935 J 5,550 4,493 3,225 46,131 36,866 33,388 30,939 15,539 12,013 14,385 15,497 65,308 91,870 65,635 58,646 78,565 4,492 4,151 5,671 4,840 1,165 340 309 212 192 6,873 6,121 4,445 4,724 1,442 1,267 1,223 1,127 266 362 210 248 5,877 1,529 2,832 3,849 6,234 175 11,878 4,387 3,990 5,784 1,206 237 253 310 315 3,590 4,960 4,619 5,534 5,600 20,000 I 4,370 9,078 375 1,814 12,579 330 327 283 5,507 November 1,614 December 1,549 1922. 34,777 21,971 13,488 11,647 229 273 222 284 1,491 1,757 12,942 8,378 5,092 12,076 10,540 2,888 11,442 5,993 4,095 16,081 13,145 4,026 16,492 15,804 53,195 34,602 23,031 20,330 None. 1,291 October Thousands of bushels. 60,734 59,692 56,440 62,363 1,000 6,092 1,245 *' 68,502 57,644 62,406 65,147 4,700 1,319 1 $55,934 $31,422 37,953 51,600 39,287 37,996 64,858 42,350 98,268 70,538 Thousands of pounds. Whea 7,732 9,985 12,384 11,007 21,980 9,002 23,500 4,000 1,426 dollars. ' 22,849 21,736 24,604 57,249 3,459 5,415 3,544 4,119 1,466 Thousands of Cneese 6,561 145 171 201 199 1,418 (quantities). Canned Regular. Casual Imports. Exports salmon: 81,934 66,315 69,468 44,076 5,671 1,294 E X P O R T S OF K E Y COMMODITIES 72,252 71,971 92,601 65,311 3,203 1,440 1,249 (value). 132,181 105,730 107,222 100,869 78,831 10,500 304 TOTAL 80,294 76,643 88,711 103,347 66,886 4,917 2,583 4,466 7,052 7,290 12,840 1922 monthly a v . . August 58,000 64,429 9,749 13,395 27,125 5,441 2,831 4,232 2,455 400 Vacancies. Number. 194 167 159 139 627 1921 monthly av . . &r Thousands of dollars* 199 271 1920 monthly av . . 52 F O R E I G N TRADED Placements. v 152 $1,388 $4,422 89,647 $6,171 7,032 3,644 2,562 7,118 241 5,542 1,888 2,698 17,901 219 4,158 1,312 17,385 3,540 148 1,138 56,198 2,365 2,708 115 351 May.. June. July.. Govern-! nient Munic- Corporation and provin- ipal. bonds. j cial. 1,035 843 1,845 4,221 4,771 1918 monthly a v . . . 1919 monthly a v . . . 1921. January February March April Liabilities. Number. E M P L O Y M E N T SERVICE OF CANADA. BOND ISSUES. 18,250 5,754 None. 9,661 628 5,121 3,846 5,121 6,729 41,533 44,240 45,690 40,165 35,002 39,157 30,502 2,050 8,000 5,000 10,500 42,794 33,535 36,239 44,974 19,910 17,165 26,649 39,292 15,940 13,849 16,330 26,076 42,560 40,037 43,123 76,427 34,396 32,517 38,175 80,762 52,340 42,509 37,740 38,596 3,465 2,500 6,544 None. 34,350 13,668 9,558 3,097 23,754 4,563 6,997 4,219 7,500 21,370 2,182 10,645 2,842 17,925 i 4,000 7,500 9,650 7,750 23,376 24,766 6,588 9,926 8,027 5,299 5,156 5,727 3,648 3,976 5,127 2,563 2,683 14,573 12,684 10,533 11,135 9,546 12,533 j 3,484 11,446 9,181 7,486 4,983 1,873 8,715 2,351 3,348 1,214 1,028 1,012 216 775 5,178 3,363 15,561 1,931 24,370 8,301 15,258 5,571 8,112 6,003 3,649 3,972 21,182 10,710 10,776 17,923 17,346 5,079 1,821 7,145 21,131 16,008 29,254 8,371 34,492 j January February. March April May June July August.. September. October.... November. December.. 1923. January February... March April j 1,304 1,110 1,298 1,440 1,563 1,500 1,295 1,028 1,152 6,056 5,134 None. 2,250 118,000 450 7,500 143,550 8,450 None. 7,125 10,500 6,633 9,730 9,002 9,182 7,391 5,806 1,758 2,986 2,239 2,959 2,271 3,142 428 562 6,103 9,740 7,129 6,614 May.. June. July.. 1 Data on operations of Canadian employment service prorated from weekly reports of Dominion Department of Labor, Employment Service of Canada; foreign trade from Department of Trade and Commerce, Dominion Bureau of Statistics; issues of Canadian bonds compiled by The Financial Post; bank clearings and business failures from BradstreeVs. « Placements are termed casual when employment lasts 1 week or less. a Yearly figures represent the monthly averages for the Canadian fiscal year which ends Mar. 31 of the succeeding year 184 COAL PRODUCTION IN FOREIGN COUNTRIES. Table 138.—INDEX NUMBERS. From Government sources.1 [Base year in bold-faced type; niunerical data on opposite page.]. COAL. YEAR AND MONTH. United Kingdom. Germany.1 France.1 Belgium. LIGNITE. Union oi CzechoNetherSouth slovakia. Poland. lands. Japan. Canada. Africa. Germany. Czechoslovakia. 100 100 Relative to 1913. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average.. average.. average.. average.. average.. 100 1918 monthly average.. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 1922 monthly average. 100 92 100 100 100 100 100 105 96 100 91 107 124 96 94 100 96 94 114 118 132 147 137 109 115 100 91 112 117 67 79 230 181 181 210 210 244 78 74 130 131 111 115 108 128 141 157 81 78 85 74 68 63 70 65 229 235 229 235 125 130 134 147 90 98 131 136 137 141 139 144 135 139 85 87 90 84 87 85 70 76 82 221 179 188 186 118 104 122 114 85 78 74 62 134 122 131 135 138 136 143 95 91 97 91 97 78 83 79 85 56 83 82 82 182 216 212 199 109 104 102 92 70 74 78 91 135 132 131 141 129 138 139 146 99 100 95 103 80 72 81 77 82 84 89 223 238 233 239 101 108 112 123 83 83 78 83 135 123 125 124 143 145 144 152 92 84 97 98 92 103 91 49 90 68 91 86 107 84 '238 212 247 224 107 112 125 123 72 86 47 75 103 101 151 139 169 146 90 51 105 95 72 62 65 77 91 94 <365 «389 246 230 248 252 119 118 110 109 52 63 60 50 124 122 124 119 157 144 157 167 92 81 83 88 95 95 61 56 75 71 <374 4 385 < 354 343 255 269 260 250 103 118 113 116 92 99 101 101 116 116 117 112 163 166 164 164 76 76 58 105 84 77 74 280 135 123 125 85 77 84 67 48 52 71 73 62 74 65 79 80 80 57 87 84 161 64 154 185 *94 106 61 81 98 95 93 74 78 82 8 98 41 67 »98 73 75 75 75 94 96 93 97 100 103 86 108 January... February.. March April 77 73 69 24 76 76 72 75 95 84 87 107 93 95 90 May.... J une July.... August. 24 24 64 55 65 68 74 96 95 886 71 75 8 94 73 76 74 75 100 98 97 107 74 83 8 103 75 77 72 85 71 104 100 112 96 «80 »85 78 77 57 61 64 101 100 103 108 3 107 89 112 8 85 64 109 113 110 112 90 123 1920. September.. October November.. December.. 1 72 100 103 121 138 161 96 101 108 110 74 92 81 1921. September.. October November.. December.. 84 93 1922. January.. February. March April May.... June July.... August. September. October t November.. December.. 1923. January.. February. March April 93 115 61 See footnotes on opposite page. 77 185 COAL PRODUCTION IN FOREIGN COUNTRIES. Table 139.—NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] LIGNITE. COAL. YEAR AND MONTH. United Kingdom. Germany. 1 Unionof Bel- CzechoN therFrance.1 gium. slovakia. Poland. lands. Japan. Canada. South Africa. Germany. Czechoslovakia. Thousands of metric tons. 2 1,904 1913 monthly average.. 24,342 15,842 3,404 1914 monthly average.. 22,499 13,449 2,294 1,393 1,189 1,776 665 7,269 161 803 1,858 1,031 641 1,918 6,975 7,329 156 1,135 1915 monthly average.. 21,443 12,239 1,628 1,181 189 1,707 1,003 626 1916 monthly average.. 21,711 13,264 1,405 216 1,908 1,095 757 7,849 1917 monthly average.. 21,044 13,979 1,776 2,410 1,243 251 2,197 1,062 785 7,962 1918 monthly average.. 19,286 13,376 2,188 1,157 283 2,336 1,133 747 8,389 1919 monthly average.. 19,458 !9,723 1 1,822 1,540 283 2,606 1,035 776 7,820 1,411 2,890 1,866 534 328 2,437 1,001 867 9,303 1,641 3,213 1,817 970 631 327 1,938 888 870 10,249 1,756 1,850 381 2,049 845 735 11,428 1,559 874 1920 monthly average.. 19,402 10,950 1 1921 monthly average.. 13,758 11,351 1 1922 monthly average. 21,293 10,861 3,596 1,770 825 3 23,883 11,550 3,213 1,909 966 526 357 2,223 1,018 872 10,103 1,779 9,960 11,870 3,283 1,967 924 509 367 2,315 1,002 905 10,493 1,627 November.. 16,191 11,814 3,171 1,634 1,015 560 358 2,375 1,119 913 9,839 1,664 December.. 3 23,891 11,926 3,317 2,052 874 522 367 2,602 1,114 937 10,110 1,722 January.. 18,854 12,009 3,246 2,041 1,027 557 345 2,101 965 10,071 1,817 February., 17,661 12,009 2,875 1,778 998 566 279 1,849 880 811 10,039 1,749 March 1,867 1920. September.. October 1921. 16,712 11,460 2,969 1,800 1,039 609 293 2,173 840 873 9,876 April 60 11,906 3,009 1,712 1,012 661 290 2,018 705 897 10,374 1,750 May.... 60 8,771 2,919 1,592 926 447 284 1,933 789 9,369 1,597 60 10,295 3,258 1,700 988 666 337 1,844 844 877 10,058 1,696 July.... 15,463 10,731 3,218 1,777 944 658 330 1,804 883 873 10,068 1,685 August. 16,869 11,727 3,386 1,840 1,014 660 311 1,642 1,036 10,606 1,786 June 3 20,980 11,607 3,393 1,876 949 659 348 1,792 947 10,359 1,766 October 17,251 11,977 3,337 1,906 861 672 372 1,920 939 818 10,567 1,618 November.. 18,174 11,708 3,309 1,818 964 711 364 1,983 887 832 10,479 1,860 December.. 3 22,951 11,923 3,632 1,965 914 703 373 2,191 944 824 11,029 1,883 September.. 1922. January.. 17,990 12,166 3,533 1,872 1,028 729 371 1,894 787 653 10,979 1,718 February.. 20,090 11,456 3,390 1,760 692 330 1,995 818 499 10,091 March 825,161 13,418 3,807 1,968 861 386 2,212 980 12,260 April 18,352 11,289 3,278 1,726 584 1,067 808 675 350 2,191 533 10,634 974 2,018 1,827 May.... s19,466 12,120 3,442 1,708 854 734 384 2,113 594 827 June 3 20,699 9,038 3,415 1, 675 740 753 359 2,096 715 813 July.... 18,916 9, 589 3,513 1,669 778 4 2,930 387 1,961 684 823 August. 3 19,371 10,206 3,682 1,695 911 4 3,123 393 1,942 563 September. 3,007 398 1,833 420 2,099 2,843 405 1,758 793 11,437 10,487 11,411 12,147 1,040 772 11,823 1,407 1,129 773 12,078 1,449 2,189 1,144 776 11,896 1,103 1,152 742 11,897 1,567 819 9,104 1,585 1,474 3 26,098 10,157 3,705 1,721 729 4 October 21,552 10, 753 3,836 1,819 666 4 November.. 27,228 10,456 3,753 1,805 891 4 20,598 9,684 3,799 1,818 848 2,758 390 2,063 January... «21,564 1,732 4,200 1,994 912 2,164 437 2,389 February. 22,608 1,604 880 March 1,559 1,590 1,681 28,000 December.. 8 3,095 1923. April i Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official sources. Figures for France include lignite (averagin g 66,000 tons (averaging 203,000 tons monthly in 1919 and 264,000 tons in 1920) is included with France instead of wi p | gg , g g , y , ) ith Germany pe r month in 1913|. Beginning 1919, Alsace-Lorraine ( d b i i th S d i t i t (784000 t th) i i i l l t f d U Sili h d i d ibl f t h t i l t f and beginning 1920 the Saar district (784,000 tons per month) is similarly transferred. Upper Silesia, whose disorders were responsible for the curtailment of German production i n May, 1921, was included as a whole with Germany until June, 1922, since which time only the part of Upper Silesia allotted to Germany is included. 2 One metric ton is equivalent to 2,204.6 pounds. * Five weeks period; other months cover 4 weeks. * Includes upper Silesia. The old territory produced 837,000 tons in July. 186 METAL PRODUCTION IN FOREIGN COUNTRIES. Table 140.—INDEX NUMBERS. Based on data from Government and non-Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] PIG IRON. YEAR AND MONTH. ZINC. STEEL INGOTS. United King- Canada. France. Belgium. Luxemburg. dom. United Kingdom. Relative to 1913. Stocks In United Kingdom. Production in Belgium. Relative to Apr.-Dec. average, Canffda. France. Belgium. Luxemburg. Relative to 1920. 1920. 1913 monthly average. 1914 monthly average. 1915 monthly average. 1916 monthly average. 1917 monthly average. 1918 monthly average. 1919 monthly average. 1920 monthly average. 1921 monthly average. 1922 monthly average. 1920. September October November December 100 87 86 88 92 1OO 69 81 104 104 1OO 88 72 78 25 48 106 81 96 60 25 87 62 47 112 125 115 64 100 100 56 57 112 100 71 87 23 4 100 96 82 120 122 41 4 109 60 128 149 47 89 50 125 161 38 72 100 100 72 102 63 29 100 58 3 5 77 33 (•) 52 11 46 10 24 103 89 46 14 64 45 27 118 106 62 51 50 65 35 38 47 64 63 32 62 97 65 85 82 80 •100 70 21 100 115 94 76 32 79 134 51 60 57 61 35 38 41 41 138 85 79 117 114 128 111 64 76 82 79 79 54 60 59 59 72 65 73 102 84 75 77 110 116 114 121 54 51 51 46 45 39 13 34 77 76 56 11 46 68 61 31 67 63 65 59 49 48 54 71 62 20 57 65 60 63 77 118 93 66 37 33 22 22 38 39 33 35 18 68 60 74 62 62 62 56 59 31 27 13 14 56 61 57 55 84 82 80 76 62 62 71 71 19 23 29 36 42 47 44 48 67 63 69 60 64 83 49 60 52 72 76 17 16 23 31 76 82 70 81 72 68 62 56 71 78 88 105 45 44 57 55 48 46 63 62 51 66 86 63 38 48 34 25 80 80 93 82 39 41 52 47 76 75 101 99 50 37 28 27 117 110 127 121 57 56 61 74 67 68 71 70 72 63 74 82 18 38 72 92 90 93 100 58 55 56 74 113 123 127 130 23 20 19 17 126 118 128 137 79 85 83 77 72 78 73 75 87 88 94 85 41 62 60 103 109 104 105 83 82 134 138 131 133 16 12 3 3 141 157 160 168 80 73 67 42 103 73 87 77 122 43 1921. January... February. March April 68 75 54 45 7 49 69 71 46 May June July August.. 65 1 11 67 65 64 60 September. October November. December.. 18 28 32 32 52 60 57 48 56 1922. January... February. March April 34 35 46 46 38 40 50 40 72 May.... June July.... August.. 48 43 47 4S 27 35 38 33 102 September. October November.. December.. 50 56 58 62 30 44 42 106 1923. January... February. March April 64 74 67 69 67 66 62 59 59 68 69 74 89 88 96 99 103 116 118 118 49 52 77 112 71 111 126 See footnotes on opposite page. 55 54 152 161 185 187 METAL PRODUCTION IN FOREIGN COUNTRIES. Table 141.—NUMERICAL DATA. From Government and non-Government sources,1 [Base year in bold-faced type; index numbers on opposite page.] STEEL INGOTS. PIG IRON • United United King- Canada. France. Belgium. Luxemburg. dom. YEAR AND MONTH. Thousands of long tons.* Kingdom. Stocks in United Canada. France. Belgium. Luxemburg. Thousands of long tons.4 Thousands of metric tons. 5 ZINC. Kingdom. Thousands of metric tons. 5 Production in Belgium. ! Short tons. i 1(J13 monthly average 1914 monthly average 434 207 212 639 87 396 205 101 744 58 224 121 152 653 62 221 116 733 68 49 133 713 76 91 87 124 163 766 106 163 8 8 97 83 754 6 11 110 785 87 145 1 127 817 130 186 1 90 855 1916 monthly average . 1918 monthly average 1919 monthly average . 1920 monthly average 1921 monthly average 1922 monthly average 84 756 89 109 106 799 140 151 1 73 612 1 667 68 201 21 51 658 77 182 28 32 81 276 93 92 246 104 50 280 73 58 81 755 218 302 56 65 50 63 419 134 140 485 250 373 130 116 i ! ! 1920. September October Xovember December 408 j 3 25,477 7,740 17,945 6, 106 5, 430 10,393 741 348 106 74 885 99 300 111 70 25,954 8,483 105 371 125 81 544 111 324 122 73 21,520 403 683 94 356 118 86 505 97 314 120 66 18,987 9,007 8,841 54 349 127 86 747 56 312 121 74 19 640 9 359 642 464 386 60 41 293 112 95 493 40 268 121 72 13 635 9,161 58 292 105 83 484 59 264 100 63 15 239 7 199 60 300 106 28 359 53 251 98 20 16 158 5 115 39 292 96 72 71 27 257 110 58 19 538 4,762 14 1 56 283 76 52 244 64 57 21 280 285 69 80 83 6 55 3 64 245 55 62 21 002 10 54 267 45 71 117 54 223 27 58 20,331 *94 50 255 45 74 434 72 232 28 56 19 473 4 806 4 817 5,457 5 512 158 236 44 244 40 88 429 56 236 35 50 256 47 405 72 206 33 77 83 17 275 272 275 48 295 61 100 94 443 47 71 15 738 301 74 102 381 75 43 277 40 302 64 82 14 297 28X 32 312 94 102 32S 33 315 80 7" 12 781 300 34 323 92 42 316 84 76 9 335 42 34 385 383 118 114 97 133 131 419 390 394 J 94 533 549 404 30 22 367 324 106 97 101 7 140 6 795 23 29 442 462 400 16 33 US 113 114 32 428 119 115 127 364 416 150 369 447 154 149 473 521 63 28 60 397 115 151 407 430 171 182 135 4 108 139 2 990 410 177 415 169 132 134 408 179 123 441 290 157 74 221 : 1921. January February March April ; May June July - . September October November December ! 1 18 374 1 '; 5 500 6 019 6 801 8 122 1923. January February.. . March April ... 142 May 408 June July \ugust 369 399 412 September October November December 430 482 25 462 556 30 503 163 175 152 37 165 565 54 494 35 514 172 154 160 159 601 546 52 513 48 47 . . 534 144 358 100 124 128 131 I 5 979 5 221 4 804 4 454 842 707 9 8 9 9 092 543 866 359 9 733 9 160 9 877 10 6% 10 12 12 13 880 133 401 040 1923. January February March April 568 543 41 486 165 142 624 44 306 151 88 707 034 65 803 93S 11 739 12 .500 14 319 1 Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official reports, except zinc stocks in United Kingdom, and zinc production in Belgium reported by American Bureau of Metal Statistics; iron and steel production in United Kingdom reported by British Federation of Iron and Steel Manufacturers; Canadian production by Department of Trade and Commerce, Dominion Bureau of Statistics. 2 Index number less than 1. 8 Average for 9 months, April-December. * A long ton contains 2,240 pounds. 0 A metric ton is equivalent to 2,204.6 pounds. 188 EMPLOYMENT IN FOREIGN COUNTRIES. Table 142.—INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] UNITED KINGDOM. YEAR AND MONTH. Trade unions. Compulsory Insurance. GERMANY. BELGIUM. NETHER- SWEDEN. LANDS. NORWAY. DENMARK. Relative to 1919. Relative to 1913. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average.. average. average. average. average. 100 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average. average.. average.. average. 101 100 100 87 100 101 102 102 1OO 99 102 102 102 1OO 96 100 101 102 102 102 99 99 100 101 100 90 90 1OO 81 96 AUSCANADA. TRALIA. Relative to 1913. 2 95 8 102 3 102 100 98 97 101 99 1OO 88 90 99 95 1OO 98 96 100 101 1OO 99 99 101 101 1OO 97 100 103 95 96 98 94 92 100 99 99 77 80 100 100 99 84 84 89 97 102 87 3 102 101 101 102 100 97 100 99 98 95 105 105 102 92 100 97 93 90 90 87 83 83 85 90 87 86 87 88 90 90 89 88 90 94 95 90 88 86 81 95 96 92 101 100 100 95 97 100 99 91 1920. September. October November. December.. 100 97 98 96 January... February. March April 95 93 92 84 95 94 92 May.... June July.... August. 79 79 85 85 September. October November., December.. 97 96 95 85 100 99 100 91 4 100 1921. 99 99 83 79 70 71 85 88 90 99 100 100 101 70 79 81 80 87 86 86 85 91 90 87 87 102 102 102 6101 85 January... February. March April 85 85 85 85 87 89 100 100 102 102 91 92 93 94 May.... June July August.. 85 86 87 87 90 91 91 91 102 102 102 102 96 97 97 September. October.... November. December.. 87 91 91 91 91 102 102 101 100 99 99 99 99 91 93 79 79 86 85 84 95 97 97 78 84 75 80 76 83 77 84 78 76 75 84 95 91 84 82 80 4 95 <94 4 95 *97 1922. 84 82 91 95 95 96 68 71 73 75 78 76 76 78 77 78 94 80 82 84 95 90 91 94 94 96 90 91 90 97 96 92 101 99 97 97 85 95 95 94 90 87 82 87 82 72 91 91 99 100 See footnotes on opposite page. 97 4 97 4 97 100 1923. January... February. March April 4 189 EMPLOYMENT IN FOREIGN COUNTRIES. Table 143.—NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] UNITED KINGDOM. YEAR AND MONTH. GERMANY. Trade- Compulsory unions. Insurance. BEL- NETHERGIUM. LANDS. SWEDEN. NORWAY. AUSDENMARK. CANADA. TRALIA. Per cent employed. 97.3 96.1 94.9 83.8 85.4 94.2 90.4 95.6 93.3 92.2 95.8 96.1 98.4 97.6 97.9 99.2 99.1 92.5 90.1 92.3 95.1 90.8 »92.07 s 98.13 3 98.13 93.5 91.7 90.7 94.2 92.9 95.6 94.5 94.6 73.9 76.9 98.6 98.4 97.7 82.7 83.1 82.6 89.3 94.2 80.1 82.1 3 98.50 96.58 95.37 87.47 93.00 94.2 93.4 93.5 88.8 90.7 4 93.8 98.4 98.4 97.1 92.8 96.8 97.8 99.0 99.2 97.6 97.6 84.7 84.6 96.2 86.3 86.7 96.3 96.2 97.2 98.5 78.4 93.5 90.0 91.1 92.8 89.1 87.5 97.8 94.7 96.3 93.9 96.2 95.9 96.3 94.2 95.5 95.8 96.1 95.9 94.2 93.6 92.8 82.6 95.9 95.8 92.8 86.6 97.1 95.5 93.0 84.2 98.2 97.8 96.5 93.2 97.3 96.7 93.9 84.9 96.74 93.91 89.76 86.95 January... February. March April 93.1 91.5 90.0 82.4 91.8 90.5 88.7 85.0 95.5 95.3 96.3 96.1 80.7 77.3 68.5 68.8 83.5 83.6 86.1 88.1 79.8 79.2 75.4 75.8 88.7 85.1 83.9 82.9 80.3 76.8 76.4 78.3 86.93 83.88 83.52 83.73 May June July.... August.. 77.8 76.9 83.3 83.7 82.7 82.2 85.2 96.3 97.0 97.5 97.8 67.7 77.1 78.6 78.3 90.6 91.9 92.4 92.7 74.7 72.1 72.2 73.2 82.2 79.1 82.1 82.7 81.4 83.2 83.3 82.3 84.54 86.85 90.90 91.29 September. October November. December.. 85.2 84.4 84.1 83.5 87.8 87.2 84.3 98.7 82.3 86.4 86.1 88.6 93.2 93.1 90.0 83.4 74.2 72.8 71.4 66.1 82.9 82.9 80.7 79.1 83.4 81.6 79.2 74.8 91.53 92.58 88.94 84.91 January... February. March April 83.2 83.7 83.7 83.0 83.8 84.8 85.6 85.6 96.7 97.3 98.9 99.1 65.2 67.9 69.4 71.4 76.5 74.9 74.9 76.8 71.1 66.9 72.1 76.0 86.10 90.8 91.1 80.0 78.1 85.9 88.1 May June July.... August.. 83.6 84.3 85.4 85.6 86.5 87.3 87.7 88.0 99.3 99.4 99.4 99.3 93.0 94.0 94.6 95.6 89.5 90.5 90.6 90.8 76.7 78.5 79.8 82.6 82.2 84.5 87.5 88.5 83.9 86.8 87.1 88.9 92.60 94.70 95.90 96.40 September.. October November.. December.. 85.4 86.0 85.8 86.0 88.0 88.0 87.6 87.8 99.2 98.6 98.0 97.2 96.2 96.1 96.2 96.2 91.0 90.5 89.0 85.6 84.7 84.9 82.9 78.3 88.9 89.5 88.2 84.9 89.4 88.7 84.8 79.7 97.20 96.00 93.80 93.90 87.3 88.2 95.6 96.1 96.9 82.2 78.6 78.5 92.20 86.9 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average. average. average. average. average. 97.9 97.7 98.9 99.6 99.4 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average.. average.. average.. average.. average.. 96.4 95.8 1920. September.. October November.. December... 1921. 6 98.4 <88.6 4 87.5 4 88.6 •90.5 1922. 90.40. 89.60 «90.8 4 90.4 4 90.4 4 91.4 1923. January... February.. March April 1 Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official sources. Canadian figures furnished direct by Dominion Department of Labour, Employment Service of Canada. The figures, except in the case of British compulsory insurance, which relate to the operations of the (Jovernmcnt labor bureau, represent tho percentage of trade-union members employed. They have been converted, by inverting, from the original figures showing percentage unemployed. a December. 8 Average of quarters, March, June, September, and December. 4 Quarter ending this month. 6 The report for December covers 6,075,755 organized workers of whom only 97,687, or 1.6 per cent, were unemployed 190 FOREIGN TRADE OF THE UNITED KINGDOM. Table 144.—INDEX NUMBEKS. Based on data from Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] IMPORTS (values). YEAR AND MONTH. Total. Food, drink, and tobacco. Raw material. Manufactured articles. Total. Food, drink, Raw and material. tobacco. EXPORTS OF KEY COMMODITIES * (quantities). REEXPORTS (values). EXPORTS (values). Manufactured articles. Total. Food, Mandrink, Raw ufacand tured matetorial. artibacco. cles. Woolton- 100 1OO 1OO 84 82 87 109 73 75 71 90 98 96 91 92 96 113 100 50 96 1OO 1OO 1OO 91 103 84 83 82 115 131 102 94 123 144 120 138 1918 monthly av 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av 4 1OO 1OO 157 137 89 132 103 64 47 (8) 100 140 100 84 85 Coal. Relative to 1913. Relative to 1920. 100 89 77 100 Iron and steel. tissues. Relative to 1913. 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av and 1OO 78 65 67 47 1OO 43 43 33 46 70 35 82 (8) (3) 75 (3) (3) 77 93 (3) (3) 68 64 (3) (3) (3) (3) 80 i 59 52 48 171 163 145 95 37 87 99 28 25 22 43 212 244 229 138 152 102 174 154 150 269 142 105 (3) 252 266 252 235 254 156 208 272 203 289 192 181 196 96 127 136 115 91 143 98 190 78 90 131 163 106 119 137 111 146 138 95 137 86 91 100 66 94 100 142 1921. January February March April 196 (3) 70 69 87 28 48 34 34 183 203 158 189 212 142 132 233 109 163 92 117 67 63 57 151 197 109 145 156 113 101 170 88 117 82 83 66 48 41 28, 146 210 76 155 153 107 100 166 97 215 76 80 63 41 36 32 140 219 70 126 137 137 50 152 93 191 72 87 50 46 39 10 May June July August 135 207 71 120 98 77 25 113 79 147 64 75 39 34 25 138 215 78 109 87 90 19 98 78 168 49 90 41 33 17 126 174 86 112 99 99 48 107 103 230 76 90 48 36 15 (4) 13 138 209 83 113 117 115 121 116 109 206 88 105 57 37 18 51 September October November December 136 200 87 111 146 122 120 128 94 204 72 84 72 28 32 56 132 184 91 116 142 128 126 147 114 230 96 88 96 50 38 56 139 171 128 111 144 132 121 149 108 222 90 84 98 49 47 59 133 162 118 113 136 117 133 138 101 183 80 102 89 52 50 70 119 140 105 110 145 105 121 151 93 162 75 93 92 71 61 66 108 133 86 103 133 101 118 140 111 171 100 105 68 54 54 66 137 187 94 126 148 120 145 151 111 204 94 99 82 68 71 85 126 166 91 118 127 111 127 1,29 101 175 88 88 82 64 63 67 139 178 108 125 133 112 150 131 98 162 85 92 92 83 165 107 117 119 112 132 118 95 121 90 91 84 57 78 128 161 103 115 138 103 138 141 91 108 90 120 129 156 103 126 137 114 153 138 82 97 77 85 86 75 73 78 80 66 132 120 93 119 122 121 123 143 116 105 109 116 84 101 119 105 97 93 108 98 90 107 ]03 62 58 74 79 67 125 76 96 96 86 107 152 135 70 91 100 93 58 113 173 158 173 163 141 138 148 147 160 188 175 82 97 156 131 140 196 154 168 135 121 132 153 131 139 124 105 97 161 163 199 107 108 100 127 98 123 111 122 105 88 82 76 108 93 91 100 80 65 86 92 97 117 . . 1922. January February March . April May June July . . . . September . . . . . . . . October November December 1923. January February March April 133 149 112 129 138 129 114 118 1 137 152 131 155 129 134 May June July See footnotes on opposite page. 84 102 61 83 65 100 77 89 191 FOREIGN TRADE OF THE UNITED KINGDOM. Table 145.—NUMERICAL DATA. From Government sources,1 [Base year in bold-faced type; index numbers on opposite page.] IMPORTS (values). YEAR AND MONTH. Total. EXPORTS (values). EXPORTS OF KEY COMMODITIES 2 (quantities). REEXPORTS (values). Food, Food, Food, 1 ManuWoolen drink, Raw Manudrink, Raw Manudrink, Raw fac- Cotton and Iron facfacand mate- tured Total. and mate- tured Total. and mate- tured and piece rial. articles. rial. articles. totoarti- goods. worsted steel. torial. tissues. bacco. bacco. cles. bacco. Thousands of square yards. Thousands of pounds sterling (£). 64,061 24,184 23,485 16,134 43,770 2,716 5,825 34,281 35,893 2,412 4,893 28,219 58,053 24,995 19,711 13,374 73,491 31,740 23,881 15,121 32,072 2,090 4,363 24,411 79,042 34,931 28,066 15,766 42,190 2,458 5,362 32,783 88,680 37,893 32,067 18,214 43,923 1,361 5,597 35,301 1913 monthly av. 1914 monthly av. 1915 monthly av. 1916 monthly av. 1917 monthly av. 24,853 23,343 22,219 37,902 20,425 19,160 117,051 96,974 93,742 S3,996 49,158 47,750 50,888 52,908 37,005 25,504 17,739 16,547 30,467 23,394 24,980 20,374 May.... June July.... August. 86,308 88,182 80,757 88,581 50,094 51,915 42,090 50,584 16,711 18,389 20,232 19,589 I September.. October November.. December.. 87,118 84,742 89,259 85,312 48,410 44,475 41,246 39,063 1922. January February March April 76,488 69,275 87,879 80,661 May.... J une July.... August. 1918 monthly av. 1919 monthly av. 1920 monthly av. 1921 monthly av. 1922 monthly av.. 109,678 135,513 161,379 90,669 38,207 53,834 59,292 41,785 66,553 111,289 59,316 60,041 1,001 5,083 2,775 10,107 4,241 12,138 3,122 5,322 3,027 8,501 33,880 52,663 93,394 49,048 47,452 3 14,718 3 13,417 3 12,460 315,432 3 13,874 414 1,048 3 308,321 3 8,208 2,575 3 298,782 3 13,706 4,437 370,138 22,178 242,938 2,220 9,562 2,236 348,862 15,438 137 9,131 1,329 5,336 2,455 7,956 1,453 4,488 2,007 8,255 1,867 4,549 1,835 8,131 1,756 4,095 2,271 1,566 3,615 5,806 620 2,579 13,729 18,534 8,921 8,648 1,194 336 3,575 7,571 3,842 10,249* 2,520 4,171 1,815 4,585 92,756 68,222 66,809 59,868 3,852 3,075 2,897 3,729 7,668 5,881 5,832 2,936 79,746 58,177 56,969 52,019 9,955 8,004 8,888 8,524 2,160 1,552 2,851 2,543 4,904 4,386 4,074 3,844 19,282 17,600 18,005 18,194 43,088 38,152 43,172 51,346 2,101 2,439 2,702 3,124 1,437 1,125 2,775 7,058 38,662 33,658 36,705 39,936 7,232 7,083 9,362 9,998 1,958 2,229 3,062 2,744 3,418 2,616 4,082 4,683 20,465 21,256 29,946 27,792 17,905 18,691 17,913 18,291 63,842 62,265 62,894 59,375 3,300 3,466 3,586 3,187 6,997 7,359 7,046 7,746 44,009 50,238 51,094 47,368 8,595 10,386 9,823 9,204 2,710 3,057 2,944 2,435 33,972 32,257 45,261 40,097 24,565 20,220 22,095 21,404 17,710 16,576 20,309 18,962 63,147 58,335 64,581 55,508 2,861 2,754 3,270 3,011 7,032 6,869 8,465 7,376 51,824 48,000 51,760 44,336 8,459 10,174 10,154 9,200 88,814 84,298 81,784 82,661 43,075 39,936 38,817 37,762 25,358 25,242 24,237 24,141 20,207 18,857 18,579 20,326 58,045 52,146 60,419 60,032 3,045 3,044 2,806 3,105 8,757 7,671 8,041 8,900 45,073 40,565 48,455 47,149 September.. October November.. December.. 76,944 85,015 95,600 94,912 35,555 38,617 45,501 42,292 21,848 26,409 30,223 32,499 19,244 19,726 19,587 19,838 62,511 60,399 66,491 58,883 3,154 3,066 3,408 2,796 10,099 9,211 10,101 9,493 1923. January February March April 99,700 83,855 90,002 47,398 37,141 40,726 30,288 26,739 27,732 21,707 19,462 21,226 66,939 57,510 60,921 3,364 2,864 2,646 9,372 9,470 11,564 3 565,415 3 478,763 3 395,417 3 438,318 3 415,001 6,117 4,920 270 3,628 279 3,196 195 2,916 324 190 290 143 284 2,646 2,937 2,078 2,055 5,350 2,865 2,041 1,962 2,134 249,613 244,949 232,043 186,849 13,877 10,693 9,121 10,209 236 1,850 2,219 2,216 2,567 145,769 152,782 177,530 212,403 7,566 7,235 8,045 8,232 102 3,822 5,143 4,818 4,263 2,057 2,164 2,060 2,501 265,386 353,825 363,633 330,476 6,104 11,109 10,978 11,574 133 2,155 2,276 2,709 2,323 4,015 5,323 5,015 4,704 2,285 2,575 2,428 2,168 339,348 252,278 304,293 302,598 15,813 11,995 15,057 14,002 254 8,965 8,720 8,317 7,504 2,152 1,611 1,436 1,288 4,548 4,787 4,795 4,110 2,264 2,230 2,084 2,105 341,959 312,435 443,937 378,353 16,585 16,145 17,305 17,632 ! 273 237 252 48,361 47,010 51,964 44,932 6,381 8,277 9,148 8,479 1,399 1,453 1,583 1,391 3,103 4,456 5,200 4,969 1,869 2,360 2,354 2,108 396,368 354,690 399,117 360,965 13,834 12,877 16,484 17,521 279 ! 7,083 348 6,196 373 6,571 341 5,955 53,135 44,324 45,935 9,798 9,823 9,086 1,687 1,300 1,639 5,938 6,492 5,586 2,172 2,021 1,858 400,598 342,980 337,906 22,280 17,718 14,466 354 318 1 1 j ] May.. June.. July.. Thousands of long tons. I 1921. January February March April ! ! I j ! 47,491 58,938 64,291 47,382 39,429 Coal. 1 1 3 Compiled from British official reports by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Figures include exports and reexports. Figures for years 1913-1919, inclusive, are in linear yards. * Less than 1 per cent. NOTE.—See p. 175 for exchange rate on pound sterling. 168 150 163 69 64 76 156 194 205 224 296 258 1,700 1,729 1,968 607 •14 <8 816 3,103 3,407 3,407 3,594 4,309 4,021 4,014 5,201 4,097 5,057 4,794 5,064 270 j 6,146 5,647 5,903 7,180 192 WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED.* FLAXSEED. CANE SUGAR. Java. World total. YEAR. May. United States.i Brazil. Oct. Oct. Porto Rico. Cuba. Dec. Hawaii. Dec. Nov. Argentina. World total. India. United States. Canada. Jan. India. Apr. Aug. Aug. Dec. Thousands of bushels. Thousands of short tons. 1909-1913 average.. 1914 1915 1916 1917 1918 1919 1920 1921 9,971 11,293 12,776 13,442 14,508 13,324 13,799 13,656 14,698 1,514 1,054 1,797 2,009 1,960 1,478 1,473 1,579 1,858 1922 latestest...., 1923, latest est •15,182 1,986 4 242 »38 344 486 413 493 440 496 580 676 311 247 139 311 246 284 122 176 * 328 i Louisiana and Texas. 8 567 646 593 645 577 600 556 522 522 363 346 484 503 454 406 485 490 408 2,295 2,967 3,437 3,442 3,957 4,597 4,209 4,408 • 4,476 532 •592 • 393 •4,595 110,992 94,559 103,287 82,151 41,063 61,821 61,692 87,964 83,288 31,989 36,928 45,040 39,289 4,032 19,588 30,775 42,038 50,470 •3,347 8 * Exports. 19,870 15,448 15,880 19,040 21,040 20,600 9,400 16,760 10,800 19,505 13,749 14,030 14,296 9,164 13,369 7,256 10,774 8,029 12,040 7,175 10,628 8,260 5,935 6,055 5,473 7,998 4,112 32,272 46,297 2,614 2,757 2,950 3,058 3,708 2,617 3,361 2,826 2,911 17,360 12,238 5,685 From private sources. «Louisiana and Texas. WORLD PRODUCTION OF BEET SUGAR * World total.* United States. GerNetherCzechom a n y . slovakia. Russia. Poland. l a n d s . Belglum. France. Italy. Spain. Denmark. YEAR. Sweden. Thousands of short tons. 1909-1913 average... 1914 1915 1916 1917 1918 1919 1920 1921 8,432 8,331 6,056 5,808 5,208 4,592 3,490 4,997 5,570 610 722 374 821 765 761 726 1,089 1,074 2,296 2,721 1,678 1,721 1,726 1,484 808 1,212 1,429 1,017 1,004 812 805 584 688 559 770 720 1,726 1,879 1,824 1,457 1,134 318 86 55 55 1922 latest estimates »5,690 727 1,635 « 799 i 1217 » Crops in all countries here given are harvested beginning in September. 239 293 263 249 106 195 198 246 316 264 286 215 182 263 314 421 276 215 120 140 136 78 152 268 325 759 334 150 204 221 121 171 370 315 209 166 166 160 162 120 185 150 244 116 112 117 139 154 169 91 104 151 128 168 143 124 149 156 149 168 158 > 292 •319 »302 496 «291 U90 «102 279 * From private sources. 154 170 140 151 144 141 141 181 259 *80 * Includes Ukraine; data from private sources. WORLD PRODUCTION OF RICE.* New orop available. India. Egypt. United States. Italy. Spain. Japan. Dutch * East Indies. Philippines. Apr. World total. Apr. Aug. Sept. Sept. Nov. Dec. Dec. Millions of pounds (cleaned). Normal consumption (1909-1913) 1909-1913 1914 1915 1916 1917 1918 1919 1920.... 1921 110,780 102,986 114,500 112,300 122,000 97,400 117,200 90,777 120,797. 1922 latest estimates • 14,602 875 67,891 518 646 741 763 708 716 712 662 997 •41 297 337 320 329 322 282 412 394 356 14,009 17,909 17,569 18,360 17,143 17,184 19,106 19,849 17,336 7,349 7,826 8,323 8,465 7,051 6,480 5,669 ,124 1,404 ,100 1,289 1.745 2,210 1,977 2,127 2,560 •633 373 19,067 6,451 8,517 72,950 61,022 73,526 77,932 81,198 55,218 71,613 62,793 74,437 553 81 542 237 487 692 607 634 472 681 657 804 1,135 965 1,072 1,166 1,446 1,045 74,222 >33 1,166 ' 8 i Java and Madura. ' Acreage about hall of normal: Summer crop only given. 1922 acreage 296,500 compared with 286,400 acres in 1921. •Data compiled by XT. 8, Department of Agriculture, Bureau of Agricultural Economic*, and corrected monthly in accordance with latest available information received by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in th« order ai in whioh crops are harvested. 193 SOURCES OF DATA. CURRENT PUBLICATIONS DATS Of PUBLICATION. I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN. AUSTRALIAN COMMONWEALTH'S B U REAU OF CENSUS AND STATISTICS. BANK OF JAPAN Price index for Australia Federal Reserve Bulletin Price index for Japan Federal Reserve Bulletin Second week of month. , BRITISH BOARD OF TRADE Price index for United Kingdom. British Board of Trade Journal. CANADIAN DEPARTMENT OF LABOR. . . . Price index for Canada Employment in Canadian trade unions Operations of Canadian employment service... Foreign trade of Canada Canadian railroad operations Canadian iron and steel production Wholesale trade. Labour Gazette (Canauiauj Employment Employment , Foreign trade of Canada Operating Revenues, etc., of Railways * Press releases* Business Conditions Second week of month. CANADIAN DEPARTMENT AND COMMERCE. OF TRADE FEDERAL RESERVE BANK OF ATLANTA . FEDERAL RESERVE BANK OF BOSTON. FEDERAL RESERVE BANK OF CHICAGO. FEDERAL LAND. FEDERAL FEDERAL CITY. FEDERAL YORK. RESERVE BANK OF CLEVERESERVE BANK OF DALLAS. . RESERVE BANK OF KANSAS RESERVE BANK OF N E W FEDERAL RESERVE BANK OF PHILADELPHIA. FEDERAL RESERVE BANK OF RICHMOND. FEDERAL RESERVE FRANCISCO. BANK OF SAN FEDERAL RESERVE BOARD. Savings deposits in First Federal Reserve District. Savings deposits in Seventh Federal Reserve District. A gricultural pumps Savings deposits in Fourth Federal Reserve District. Wholesale trade Wholesale trade Foreign exchange rates ana index Savings deposits in Second Federal District. Savings deposits in Third Federal District. Wholesale trade Savings deposits in Fifth Federal District. Wholesale trade Savings deposits in Twelfth Federal District. Wholesale trade Foreign exchange index numbers Debits to individual accounts Reserve Monthly Review Business Conditions.. Reserve Condition of Federal Reserve banks Condition of reporting member banks Monthly. Monthly. Monthly. Business Conditions. Business Review Monthly. Monthly. Monthly. Business Conditions. Business Conditions. Monthly. Monthly. Federal Reserve Bulletin and daily state- Daily and monthly. ment.* Monthly. Monthly Review Reserve Business and Financial Conditions. Reserve Monthly. Semimonthly. Semimonthly. Monthly. Monthly. Monthly. Monthly. Business and Financial Conditions Business and Agricultural Conditions Business and Agricultural Conditions Business Conditions Business Conditions Federal Reserve Bulletin Federal Reserve Bulletin and weekly press releases.* Federal Reserve Bulletin and weekly press releases.* Federal Reserve Bulletin and weekly press releases.* Federal Reserve Bulletin Monthly. Monthly (second week of menth). Sunday newspapers and monthly. Federal Reserve Bulletin.. Federal Reserve Bulletin.. Monthly. Monthly. FEDERAL TRADE COMMISSION., Money held outside U. S- Treasury and Federal Reserve Systems to July 1,1022. Wholesale price index numbers Department store trade; in cooperation with National Retail Dry Goods Association. Index numbers of department store, mail order and chain store trade. Barley and rye receipts Sales of loose leaf tobacco Index of ocean freight rates Index numbers of production Wholesale trade Paper and wood pulp production, prices, etc.. FRENCH MINISTRY OF LABOR AND SOCIAL WELFARE. ILLINOIS DEPARTMENT OF LABOR INDIAN DEPARTMENT OF STATISTICS... INTERSTATE COMMERCE COMMISSION.. Price index for France Telephone operating revenue and income Telegraph operations and income Express operations and income Milk receipts at Boston The Employment Bulletin Federal Reserve Bulletin Preliminary statement of operations of Class I roads. Not published Not published Not published Not published New York State factory employment and earnings. New York State canal traffic Annual report Friday morning newspapers and monthly. Friday afternoon newspapers and monthly. Monthly. Bulletin de la Statistique Generale Employment in Illinois Price index for India Railway revenues and expenses Monthly. Monthly. MASSACHUSETTS DEPARTMENT OF PUBLIC UTILITIES. NEW YORK STATE DEPARTMENT OF LABOR. N E W YORK STATE DEPARTMENT OF PUBLIC WORKS. PANAMA CANAL PENNSYLVANIA DEPARTMENT OF LABOR AND INDUSTRY. U. S. DEPARTMENT OF AGRICULTURE— BUREAU OF ANIMAL INDUSTRY. U. S. DEPARTMENT OF AGRICULTURE— BUREAU OF AGRICULTURAL ECONOMICS. U. S. DEPARTMENT OF AGRICULTUREFOREST SERVICE. U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS. Panama Canal traffic Unemployment in Pennsylvania Beef, pork, and lamb production Prices of farm products to producer . Wool consumption and stocks Crop production Cold-storage holdings and fish frozen Movement of cattle, hogs, and sheep Receipts of butter, cheese, eggs and poultry. Production of dairy products Car lot shipments of fruits and vegetables Farm labor, wages, supply, etc World crop production Live stock on farms Total lumber production from 1913 to 1920... Wood pulp production, 1914 and 1916 , Cotton ginned Cotton consumed and on hand Active textile machinery Federal Reserve Bulletin.. Monthly. Federal Reserve Bulletin.. Federal Reserve Bulletin.. Federal Reserve Bulletin. Federal Reserve Bulletin. Federal Reserve Bulletin. Monthly press releases *... Monthly. Monthly. Monthly. Monthly. Monthly. Newsprint, 20th to 25th of the month; other paper and wood pulp, 1st of following month. Monthly. Second week of month. Monthly. Labor Market Bulletin and press releases •. Monthly. Yearly. Last weekly issue of month. , Semimonthly. , Last weekly issue of month or first of next month. Monthly. Monthly Crop Reporter * First weekly issue of month. Market Reporter * Monthly Crop Reporter« and press Releases about 1st of month (cotton) and 10th (other crops). releases.* Fourth weekly issue of month. Market Reporter * Third weekly issue of month. Market Reporter» Weekly. Market Reporter * Quarterly. Market Reporter» 2 Third weekly issue of month. Market Reporter Monthly. Monthly Crop Reporter* Weekly. Foreign crops and markets* Annually. Market Reporter« Production of Lumber, Lath and Shingles Yearly. Pulpwood consumption and Wood-pulp. Yearly. Production. Semimonthly during season. Preliminary report on ginnings * Preliminary report on cotton consumed.. 15th of month. Reports on wool machinery and on cotton 20th of month. spindles.* Census of hides, skins, and leather * , First week of month. The Panama Canal Record Semimonthly report * Market Reporter * Leather, hides and shoes, production and stocks. 18th of month. Preliminary report on cotton seed.. Cotton seed and cottonseed oil Quarterly (one month after end of Stocks of tobacco held by manufacturers and Statement on stocks of leaf tobacco. quarter). dealers. • Multigraphed or mimeographed sheets. . » This is not necessarily the source of the figures published in the SURVEY as many of them are obtained direct from the compilers pnor to publication in the respective journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the SURVEY. «Beginning Jan. 7,1922, combined into new publication called Weather, Cropt, and Markets, issued weekly. 43622°—23- -13 194 SOURCES OF DATA—Continued. CURRENT PUBLICATION. DATE OF PUBLICATION. I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued. U. S. DEPARTMENT OF COMMERCE— BUREAU OF THE CENSUS—Contd. U. 8. DEPARTMENT OF COMMERCEBUREAU OF FISHERIES. U. S. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE. U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION. U. S. DEPARTMENT OF COMMERCEBUREAU OF STANDARDS. U . S . GRAIN CORPORATION U. 8. DEPARTMENT OF THE INTERIORBUREAU OF MINES. U. S. DEPARTMENT OF THE INTERIORGEOLOGICAL SURVEY. U. S. DEPARTMENT OF THE INTERIOR— U. 8. PATENT OFFICE. U. S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE. U. S. DEPARTMENT OF LABOR—BUREAU OF IMMIGRATION. U. 8. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS. U. S. POST OFFICE DEPARTMENT U. S. TREASURY DEPARTMENT U. S. TREASURY DEPARTMENTBUREAU OF THE MINT. U. S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE. U. S. WAR DEPARTMENT—ENGINEER CORPS. U. ti. WAR DEPARTMENT— MISSISSIPPI WARRIOR SERVICE. WISCONSIN INDUSTRIAL COMMISSION.. . Production indexes of raw materials and Survey of Current Business... manufactures. Fats and oils, production, consumption, and Statistics of fats and oils * . . . stocks. Fabricated structural steel sales from April Press release • 1922. Press release* Automobile production Pressrelease* Sugar statistics Pressrelease* Steel castings sales Press release* Steel furniture shipments Survey of Current Business. Earnings of public utilities Monthly statement Fish catch at principal fishing ports All imports and exports Tonnage of vessels, entered and cleared in United States foreign trade. Data on trade, employment and coal and iron production of foreign countries. Wholesale price of wool Warehouse stocks of rice Vessels under construction and vessels completed. Building material price indices Monthly. Quarterly (one month aftor end of quarter). 15th of month. 20th of month. 20th of month. 20th of month. 20th of month. Monthly. Monthly Summary of Foreign Commerce. (Parti.)1 Monthly Summary of Foreign Commerce. (Part II.) Various foreign sources Last week of month. Wholesale Prices Monthly Summary of Foreign Commerce. (Part II.) Commerce Reports Yearly. Monthly. Middle of next month First weekly issue of month (Mondays). Not published Wheat flour production, prior to July, 1920— No longer published Refined petroleum products, production, etc.. Refinery Statistics* Portland cement, production, etc Coal and coke production Report on Portland cement output * Weekly report on production ofcoal * Crude petroleum, production, etc Electric power production Annual figures on non-ferrous metal production. Patents granted Number on pay roll—United States factories.. Employment agency operations Preliminary statistics on petroleum * Production of electric power * Mineral Resources Second week of month. 20th of month. Second or third weekly issue of month (Saturdays). 25th of month. End of month. Annually. Not published Immigration and emigration statistics Industrial Survey * Report of Activities of State and Munici•loyment Agencies. pal Employn Not published.. Wholesale prices of commodities, including farm products, food, clothing, metals, etc. Wholesale price index Retail price index of foods Retail coal pric&s United States postal savings Postal receipts Government debt, receipts and disbursements. Money in circulation from July 1, 1922 Domestic receipt? of gold at mint Monthly Labor Review Monthly Labor Review Monthly Labor Review Postal Savings News Bulletin Statement of Postal Receipts * Daily Statement of the U. fe. Treasury Federal Reserve Bulletin Not published First week of month. Every 4 or 5 weeks. Wholesale Prices of Commodities.. Monthly. Monthly. Monthly. 12th of month. 7th of month. Last day of month. Monthly. Oleomargarine production Consumption of manufactured tobacco, snuff, cigars, cigarettes, and oleomargarine. Internal Revenue taxes on specified articles .. Iron ore movement : Sault Ste. Marie Canal traffic Barge traffic on Mississippi River. Not published Statement of tax-paid products * Classified collections of Internal Revenue Monthly statistical report Monthly statistical report Not published 25th of month. Monthly during season. Monthly during season. Wisconsin factory earnings and employment. Bulletin on Wisconsin labor market * 15th of month. First week of month. II.—REPORTS FROM TRADE ASSOCIATIONS AND PBIYATE ORGANIZATIONS. (Excluding individual firms reporting data to be combined with other firms or trade associations.) ABERTHAW CONSTRUCTION CO ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE. AMERICAN MANUFACTURERS ASSOCIATION off PRODUCTS PROM CORN. AMERICAN BUREAU OF METAL STATISTICS. Building costs Sales of abrasive paper and cloth Corn ground into starch, glucose, etc Copper production Silver production Zinc production in Belgium Zinc stocks in United Kingdom AMERICAN FACB BRICK ASSOCIATION. Face brick production, stocks, etc AMERICAN IRON AND STEEL INSTITUTE Steel ingot production AMERICAN PETROLEUM INSTITUTE... Gasoline and Kerosene Consumption by States. AMERICAN PIG IRON ASSOCIATION Merchant pig iron production, etc AMERICAN RAILWAY ASSOCIATION Freight car surplus (Car Service Division). Freight car shortage Car loadings Bad-order cars AMERICAN TELEPHONE AND TELE- Stockholders in the company , GRAPH Co. AMERICAN WALNUT MANUFACTURERS' ASSOCIATION. AMERICAN WRITING PAPER COMPANY. AMERICAN ZINC INSTITUTE ANTHRACITE BUREAU OF INFORMATION ASSOCIATION OF LIFE INSURANCE PRESIDENTS. BOSTON CHAMBER OF COMMERCE BRIDGE BUILDERS AND STRUCTURAL SOCIETY. BUREAU OF RAILWAY ECONOMICS... Construction trade papers., Not published Not published Not published Not published Not published Not published Not published Press release to trade papers *. Special statement Not published Car Surplusages and Shortages.*. Car Surplusages and Shortages.*. Information Bulletin * Information Bulletin * Financia 1 papers Walnut lumber and logs Not published Press release to trade papers * Statement of anthracite shipments" Not published Weekly. Weekly. Weekly. Third week of month. Quarterly. Not published. Purchases and sales of paper Production and stocks of sine Anthracite shipments and stocks New life insurance business 7th of month. Receipts of wool at Boston Fabricated structural steel sales before April, 1922. Number of tons carried 1 mile Average receipts per ton-mile Passengers carried 1 mile Railway employment Locomotives in bad order • •• Per cent of earnings on valuation * Multigraphed or mimeographed sheets. Trade papers No longer published. 15th of month. 15th of month. Daily. Monthly. Summary of operating statistics Not published Monthly. Summary of operating statistics Not published. Not published Not published > Imports and exports of gold and silver in Part II. 195 SOURCES OF DATA—Continued. CURRENT PUBLICATION. DATE OF PUBLICATION. II.-REPORTS FROM TRADE ASSOCIATIONS AND PRITATB OBGANIZATIONS-Continued. (Excluding individual firms reporting data to be combined with other firms or trade associations.) CALIFORNIA REDWOOD ASSOCIATION . . Redwood lumber production, etc Not published.. CALIFORNIA "WHITE AND SUGAR PINE ASSOCIATION. CHICAGO BOARD or TRADE Sugar pine lumber production, etc Not published.. Wheat, corn and oats, receipts, etc Trade papers CONTAINER CLUB Production of paper box board Not published.. CREDIT CLEARING Credit conditions HOUSE. DAIRTMEN'8 LEAGUE ASSOCIATION, INC. F. W. DODGE CO COOPERATIVE Credit Milk deliveries to milk plants Daily. Weekly. Not published Building statistics—Contracts awarded Statement on Building Statistics.. EMPLOYERS' ASSOCIATION OF DETROIT. Detroit factory employment ENAMELED SANITARY MANUFACTURERS ASSOCIATION. FEDERATION OF IRON AND STEEL Enameled sanitary ware. Not published British iron and steel production Trade papers FINE COTTON GOODS EXCHANGE Fine cotton goods production and sales Trade papers ILLUMINATING GLASSWARE GUILD Monthly. Weekly press release Illuminating glassware production, orders, etc. Not published MANUFACTURERS (British). Second week of month. JACKSONVILLE CHAMBER OF COMMERCE Turpentine and rosin receipts Naval Stores Review Weekly. KNIT GOODS MANUFACTURERS AMERICA. LEATHER BELTING EXCHANGE Knit underwear production, etc Monthly report * Monthly. OF MAPLE FLOORING MANUFACTURERS' ASSOCIATION. MCLEAN BUILDING REPORTS, L T D . . . MERCHANTS' EXCHANGE OF ST. LOUIS. MICHIGAN HARDWOOD MANUFACTURERS' ASSOCIATION. MINNEAPOLIS CHAMBER OF COMMERCE. Sales of leather belting Monthly report i not published) Maple flooring production, etc N ot published Canadian building contracts Canadian Building Review Receipts and shipments of lead and zinc Mississippi River traffic Hardwood and softwood lumber, production and shipments. Linseed oil and oil-cake shipments Receipts and shipments at St. Louis.. Not published... Not published* Monthly. 3d month. Monthly statements NATIONAL ALLIANCE OF CASE GOODS ASSOCIATIONS. NATIONAL ASSOCIATION OF BRASS MANUFACTURERS. NATIONAL ASSOCIATION OF CHAIR MANUFACTURERS. NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANUFACTURERS. NATIONAL ASSOCIATION OP FARM EQUIPMENT MANUFACTURERS. NATIONAL ASSOCIATION OF STEEL FURNITURE MANUFACTURERS. NATIONAL ASSOCIATION OF SHEET AND TIN PLATE MANUFACTURERS. NATIONAL ASSOCIATION OF WOOL MANUFACTURERS. NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. NATIONAL BOTTLE MANUFACTURERS' ASSOCIATION. NATIONAL INDUSTRIAL CONFERENCE BOARD. NATIONAL RETAIL DRY GOODS ASSOCIATION. NATIONAL WOOD CHEMICAL ASSOCIATION. N E W ORLEANS BOARD OF TRADE Unfilled orders and shipments of furniture Not published in form used.. Brass stop cocks, orders and shipments Not published Rice distribution through New Orleans Monthly report First week of month. NEW ORLEANS COTTON EXCHANGE Cotton receipts into sight Monthly report First week of month. Chair shipments and unfilled orders Not published in form used A Production of paper-box board Not published Agricultural pumps Steel furniture shipments , Business conditions (Chicago Federal Reserve). Not published Monthly. Sheet-metal production and stocks Not published 1913 figures for active textile machinery No longer published Production and shipments of passenger cars and trucks. Glass bottle production index Traffic bulletin * (production figures not published). Not published Second week of month. Cost of living Monthly press release 21st of month. Department store trade (set Federal Reserve Federal Reserve Bulletin.. Board). Production ot wood aloohol and acetate of lime. Not published NEWS PRINT SERVICE BUREAU Canadian newsprint production, etc Monthly bulletin N E W YORK COFFEE AND SUGAR E X CHANGE. N E W YORK METAL EXCHANGE Coffee receipts, stocks, etc Monthly statement Stocks of tin Trade papers N E W YORK TRUST COMPANY NORTH CAROLINA PINE ASSOCIATION.. NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION. NORTHERN PINE MANUFACTURERS' ASSOCIATION. OAK FLOORING MANUFACTURERS' ASSOCIATION. OHIO FOUNDRYMEN'S ASSOCIATION. . . OPTICAL MANUFACTURERS' ASSOCIATION. PENNSYLVANIA RAILROAD CO PENSACOLA CHAMBER OF COMMERCE. PHILADELPHIA MILK EXCHANGE PORTLAND CEMENT ASSOCIATION PULLMAN COMPANY REFRACTORIES MANUFACTURERS' ASSOCIATION. RICE MILLERS' ASSOCIATION ROPE PAPER SACK MANUFACTURERS' ASSOCIATION. RUBBER ASSOCIATION OF AMERICA SANITARY POTTERS' ASSOCIATION SAVANNAH BOARD OF TRADE SAVINGS BANKS ASSOCIATION OF STATE OF N E W YORK. SILK ASSOCIATION OF AMERICA Indexes of stock and bond prices The Index North Carolina pine, production, etc Hemlock and hardwood lumber production, Not published etc. Not published Northern pine lumber and lath Not published Oak flooring, production, etc Not published Ohio foundry iron production Monthly report * (not published;. Not published Spectacle frames and mountings, sales, etc Monthly. Stockholders in the company Turpentine and rosin receipts Milk receipts at Philadelphia Cement paving contracts Pullman passenger traffic Fire-clay brick production, etc Silica brick production, etc Rice receipts, stocks, etc Shipments of rope paper sacks Si f Financial papers Naval Stores Review Not published Concrete Highway Magazine.. Not published Not published Not published. Mo: Not pub Automobile tires, tubes, and raw material Sanitary pottery orders Turpentine and rosin receipts .._ Savings banks deposits in New York State.... Monthly reports (not published)_ Not published Naval Stores Review Not published Monthly press release to trade papers *.. Raw silk consumption, etc * Multigraphed or mimeographed sheets. First week of month. First week of month. Monthly. Quarterly. Weekly. Monthly. Weekly. 5th of month. 196 SOURCES OF DATA—Continued. DATA. DATE OF PUBLICATION. CURRENT PUBLICATION. II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued. (Excluding individual firms reporting data to be combined with other firms or trade associations.) SOUTHERN FURNITURE MANUFACTURERS 'ASSOCIATION. SOUTHERN PINE ASSOCIATION STEEL BARREL MANUFACTURERS' ASSOCIATION. STEEL FOUNDERS' SOCIETY STOKER MANUFACTURERS' ASSOCIATION. STRUCTURAL STEEL SOCIETY TANNERS' COUNCIL TUBULAR PLU?IBING GOODS ASSOCIATION. TWIN CITY MILK PRODUCERS' ASSOCIATION. U. S. STEEL CORPORATION UNITED TYPOTHETAE OF AMERICA WEST COAST LUMBERMEN'S ASSOCIATION. WEBBING MANUFACTURERS' EXCHANGE. WESTERN PINE MANUFACTURERS' ASSOCIATION. Furniture shipments and unfilled orders. Not published in form used Yellow pine production and stocks Steel barrel s hipments Sales of steel castings Sales of stokers Not published in form used Monthly reports * (not published).. Not published Not published Sales of fabricated structural steel Leather production through May, 1922.. Tubular plumbing sales Not published Not published Semi weekly reports Milk production, Minnesota Not published Unfilled orders Earnings Stockholders Wages of common labor Printing activity Press release * Press release * Financial papers Special reports • Typothetae Bulletin Douglas fir lumber production, etc Not published Sales of elastic webbing Not published Western pine lumber production, etc. Not published lOlh of month. Monthly. Quarterly. Occasionally. Monthly. DATE OF PUBLICATION. ID.—REPORTS FROM TECHNICAL PERIODICALS. ENGINEERING NEWS RECORD Composite pig iron and steel prices New York stock sales N ew Yoflfc closing stock prices Foreign exchange rates, 1914 to 1918 State and municipal bond issues Muncipalbond yields Visible supply oi wheat and corn B auk clearings, United States and Canada Price index Business failures, Canada Price index for France Chemical price index Mine price of bituminous coal Cotton (visible supply) , Interest rates Mail order and chain store sales New corporate securities New York bond sales New York bond prices Mexican petroleum shipments Business failures Price index Rand gold production Silver prices Construction cost and volume index FINANCIAL POST Canadian bond issues AMERICAN METAL MARKET THE ANNALIST THE BOND BUYER BRADSTREET'S BULLETIN DE LA STATISTIQUE GENERALE CHEMICAL AND METALLURGICAL ENGINEERING.. COAL AGE COMMERCIAL AND FINANCIAL CHRONICLE Dow, JONES & Co. (WALL STREET JOURNAL) DUN'S REVIEW ENGINEERING AND MINING JOURNAL-PRESS First or second week of month (daily). First weekly issue of month (Mondays). Weekly (Mondays). Weekly (Mondays). First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Weekly (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Monthly. Weekly (Wednesdays). Weekly (Thursdays). Weekly (Saturdays). Weekly (Saturdays). Second or third weekly Issue of month (Saturdays). Last issue of month. First week of month (dailv). First week of month (daily). 20th of month (daily). First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month. Weekly (Thursdays). FRANKFURTER ZEITUNG Price index for Germany HAY TRADE JOURNAL Hay receipts IRON AGE LONDON ECONOMIST Pig-iron production Composite finished steel price Iron and steel prices Railway freight car orders Price index for United Kingdom LUMBER Price indices of lumber First weekly issue of month (Thursdays). Weekly (Thursdays). Weekly (Thursdays). First weekly issue of month (Thursdays). 10th of month. First weekly issue of month (Fridays). Southern construction Southern bond issues Milk receipts at Greater New York Monthly. Monthly. Weekly. Argentine visible supply of wheat and corn Weekly. Turpentine and rosin, receipts and stocks Weekly (Saturdays). IRON TRADE REVIEW MANUFACTURERS' RECORD MILK REPORTER , MODERN MILLER NAVAL STORES REVIEW , NEUE ZURICHER ZEITUNG Price index for Switzerland NEW YORK JOURNAL OF COMMERCE Dividend and Interest payments New capital issues New corporations Fire losses Newspaper advertising Flaxseed, receipts, etc Argentine grain shipments Wheat flour production for 1917 Price indices of drugs, oils, etc Argentine shipments and supply of flaxseed Mexican petroleum shipments Magazine advertising... i Book production Wheat flour production, from July, 1920 Sugar stocks, receipts, meltings, and Cuban statistics... Price Index for 8weden Monthly. Weekly (Fridays). N E W YORK EVENING POST NORTHWESTERN MILLER OIL, PAINT, AND DRUG REPORTER OIL TRADE JOURNAL PRINTERS' INK PUBLISHERS' WEEKLY RUSSELL'S COMMERCIAL NEWS STATISTICAL SUGAR TRADE JOURNAL SVENSK HANDELSTIDNING First week of month (dally). First week of month (daily). First week of month (daily). 10th of month (daily). Not published. Weekly (Wednesdays). Weekly (Wednesdays). Weekly (Mondays). Weekly (Mondays). 10th of month (monthly). Second week of month. Third week of month. Weekly compilation (dally). Weekly (Fridays). IN X. Page numbers refer to data in detailed tables (47-192) only. Items in the table on "Trend of Business Movements" (pp. 26-47) and in the text are arranged in groups which should make reference easy without the necessity of an index. Note that only the page containing the index number tables is given here. Where the numerical data for these items are in a separate table, they will always be found on the page opposite the index numbers. Page. Abrasives, paper and cloth 85 Acetate of lime, production 107 Advertising, magazine and newspaper.. 146 Agricultural implements, patents granted 64 American Telephone & Telegraph Co., stockholders 170 American Wholesale Corporation, sales. 148 Animal fats, production, consumption and stocks 108 Apples: Production (crop estimate) 116 Stocks and shipments 117 Argentina: Flaxseed, shipments and stocks 110 Foreign exchange rate 174 Grain, shipments and stocks 110 Australia: Employment 188 Price index 159 Automobiles: Production and shipments 73 Taxes 73 Tires and tubes 74 Bad-ordor cars 138 Bad-odor locomotives 140 Banks: Clearings, Canada 182 Clearings, condition and debits 164 Barley: Exports 120 Production (crop estimate) 116 Receipts (market) 118 Wholesale price 114 Beef, consumption, cold-storage holdings, exports, production and prices.. 124 Belgium: Coal production 184 Employment 188 Foreign exchange rate 174 Metal production 186 Belting, leather, sales 76 Bonds, issues 168 Boots and shoes: Exports and prices 78 Production 76 Book publications 82 Bottles, glass, production 87 Boxes, paper, production, etc 84, 85 Brazil: Coffee, receipts, and clearances 130 Foreign exchange rate 174 Bricks, production, stocks, etc 100 British India: Foreign exchange rates 174 Price index 159 Page. Building: 88 90 Contracts awarded 87 Costs 87 Volume, index Building contracts, Canada 181 Building materials, price index 157 Burlap, imports 53 Business failures 168 Butter, production, receipts, prices, etc. 128 Canada: Bank clearings, bonds, and business failures 182 Coal production 184 Employment 182,188 Exports of key commodities 182 Foreign exchange rate 174 Foreign trade 182 Iron and steel production 186 Paper, buildings, and railroad operations 181 Price index 159 Canals, traffic through 136 Candy, sales 146 Capital issues, new 168 Cars, freight: Loadings, shortage and surplus... . 138 Orders for construction 62 Castings, steel 60 Cattle: Receipts, shipments and slaughter. 122 Wholesale price 114 Cement, production, stocks, prices, etc. 104 Cereals: Exports 120 Production, United States 116 Receipts, production, etc 118 Shipments and stocks, Argentina. . 110 Chain stores, sales 148, 150 Cheese: Cold-storage holdings 128 Exports from Canada 182 Production, receipts, and prices. . . 128 Chemicals: Exports and imports 106 Price index 157 Production, prices, wood consumption, and stocks 107 Chile, foreign exchange 174 Cigars and cigarettes, consumption. . . . 134 Citrus fruits, car-lot shipments 117 Clothing, cost of, index numbers... 156,157 Coal: Exports from United K i n g d o m . . . . 190 Exports from United States 68 Foreign production 184 Loadings 138 Production, stocks, and prices. . . . 68 (197) Page. Coconut oil, consumption and stocks... 112 Coffee, imports, stocks, and Brazilian movement 130 Coke, production, exports, and prices.. 68 Cold-storage holdings: Apples 117 Butter and cheese 128 Eggs, fish, and poultry 129 Meats 124 Common labor, wages 131 Comparison, volume of production. . . . 48 Concrete pavements, contracts 104 Condensed and evaporated milk 126 Condition, banks 164 Construction: Contracts awarded, building. . . . 88, 90' Contracts, building, Canada 181 Cost And volume indexes 87 Copper, exports, prices, and production 66 Copra, consumption and stocks for oil.. 108 Corn: Exports from United States 120 Production (crop estimate) 116 Receipts, shipments, grindings, and visible supply 118 Shipments and visible supply, Argentina 110 Wholesale price 114 Corn germs, consumption and stocks for oil 108 Corn oil, production, consumption, and stocks 112 Corporate issues 168 Corporation stockholders 124 Cost of living 156 Costs, building construction 87 Cotton: Consumption, ginnings, receipts, exports, imports, stocks, and production 50 Prices 56 Spindles, active 54, 55 World production 47 Cotton fabrics: Cloth, exports 52 Consumption by tire manufacturers. 74 Exports from United Kingdom. . . . 190 Fine goods, production and sale 52 Knit underwear, production 52 Price, wholesale, print cloth and sheetings 56 Cotton yarn, price, wholesale 56 Cottonseed oil: Production, c o n s u m p t i o n , a n d stocks 111,112 Wholesale price 114 198 I N D E X—Continued. Page numbers refer to data in detailed tables (47-192) only. Items in the table on "Trend of Business Movements" (pp. 26-47) and in the text are arranged in groups which should make reference easy without the necessity of an index. Note that only the page containing the index number tables is given here. Where the numerical data for these items are in a separate table, they will always be found on the page opposite the index numbers. Page. Cottonseed stocks 105 Credit conditions: Indebtedness and orders, wholesale trade 172 Payments, wholesale trade 171 Crops: Cotton 50 Food crops, production and value.. 116 Prices, index numbers 157 Prices, producers' and wholesale... 114 Tobacco 134 Cuba, sugar movement 132 Customs, receipts 160 Czechoslovakia, coal production 184 Debits to individual accounts 164 Debt, United States Government 160 Denmark, employment 188 Department stores: Sales 148,150 Stocks 151 Detroit, employment 154 Dividend and interest payments 168 Dress goods, wholesale price 56 Drugs and pharmaceuticals, wholesale price index 107 Dyes and dyestuffs, exports from United States 106 Earnings: Express companies 140 Labor, Wisconsin factories 154 Public utility 142 Railroads 140 Telephone and telegraph companies 142 Eggs, cold-storage holdings and receipts. 129 Elastic webbing, sales 53 Electric power, production 68 Emigration 154 Employment: Agencies, State and municipal.... 152 Canada 182 Factories and railroads 154 Foreign countries 188 Enameled ware, orders, shipments, and stocks 102 Expenditures, United States Government 160 Exports. (See Foreign trade and individual commodities.) Express earnings, revenues, and incomes 140 Fabricated structural steel, sales 62 Factories, employment in 154 Farm prices, index 114 Farm products, prices 157 Federal reserve banks, condition of 164 Federal Reserve Board: Price index 158 Production indexes 48 Federal reserve districts: Page. Department store stocks 151 Dry goods 145 Groceries and drugs 144 Hardware and shoes 443 Retail sales, department and chain 151 stores 150 Savings deposits 162 Wholesale trade index numbers.. 143, 144,145 Fertilizer, exports 106 Fiber, imports 53 Fish, catch and cold-storage holdings. . 129 Fish oil, production, consumption, and stocks 112 Flaxseed: Consumption and stocks for oil...-.. 108 Receipts, shipments, and stocks... 105 Shipments and visible supply, Argentina 110 World production 192 Flooring, production, shipments, stocks, etc 98 Flour, wheat: Production, consumption, and stocks 118 Wholesale price 114 Food, cost of, index numbers 156,157 Foreign countries: Coal production 184 Employment 188 Metal production 186 Price comparisons 159 Foreign exchange rates and index numbers 174 Foreign trade: Canada 182 United Kingdom 190 United States imports 176 United States exports 178 Vessels in United States ports 136 Forest products, car loadings 138 France: Coal production 184 Foreign exchange 174 Iron and steel production 186 Price index 159 Freight cars: Bad order, loadings, shortage, and surplus 138 Orders for construction 62 Freight rates, ocean 136 Fruits, car-lot shipments 117 Fuel, cost of, index numbers 156,157 Furnishings, cost of, index numbers.. 156, 157 Furniture, shipments and unfilled orders 92 Furniture, steel, shipments 62 Gas and electric companies, earnings.. 142 Gas and fuel oil, production and stocks.. 72 Gasoline, consumption, exports, production, and stocks 70 Germany: Coal and lignite production 184 Employment 188 Foreign exchange rates 174 Glass, bottles and illuminating ware, production, etc 87 Gold receipts, exports, imports, and Rand output 180 Government finances: Debt, receipts, and disbursements 160 Grains: Exports 120 Loadings 138 Production, United States. 116 Production, world, wheat 47 Receipts, shipments and visible supply 118 Shipments and visible supply, Argentina 110 Grease, production, consumption, and stocks 108 Hay: Production 116 Receipts 117 Hides and skins: Imports and prices 78 Production and stocks 76 Hogs: Receipts, shipments, and slaughter. 122 Wholesale price 114 Housing, cost of, index numbers 156 Ice cream, production 126 Illinois, employment 154 Illuminating glassware, production, etc. 87 Immigration 154 Imports. (See Foreign trade and individual commodities.) Indebtedness, wholesale trade 172 Index numbers, wholesale trade, Federal reserve districts 143,144,145 India. (See British India.) India rubber, prices and imports 74 Insurance, life, new business 161 Interest rates 164 Internal revenue, automobile taxes... 73 Iron and steel (see also Pig iron .and steel): Crude steel, production, stocks, prices, etc 60 Export, imports, production and prices 58, 62 Exports from United Kingdom.... 190 Finished products 62 Iron, foundry, Ohio 58 Iron ore movement, Sault Ste. Marie canals 58 199 INDEX—Continued. Page numbers refer to data in detailed tables (47-192) only. Items in the table on "Trend of Business Movements" (pp. 26-47) and in the text are arranged in groups which should make reference easy without the necessity of an index. Note that only the page containing the index number tables is given here. Where the numerical data for these items are in a separate table, they will always be found on the page opposite the index numbers. Page. Issues, new capital 168 Italy: Foreign exchange 174 Price index 159 Japan: Coal production 184 Foreign exchange rates 174 Price index 159 Jobs, registered and applicants for 152 , Kerosene oil, production and stocks 72 Kresge, S. S. Co., sales 148 Kress, S. H. & Co., sales 148 Labels, paper, production, and orders.. 85 Labor: Earnings 154 Employments 152, 154 Lamb and mutton, cold-storage holdings and production 124 Lead, receipts, shipments, and prices... 66 Leather: Belting, sales of 76 Exports and prices 78 Production and stocks 76 Life insurance, new business 161 Light, cost of, index numbers 156,157 Lignite, foreign production 184 Linseed oil: Production,consumption,and stocks 112 Shipments Ill Linseed-oil cake, shipments Ill Live stock: Loadings 138 Prices, index numbers 157 Receipts, shipments, and slaughter. 122 Living, cost of 156, 157 Locomotives: Bad order 140 Shipments and unfilled orders 62 Lubricating oil, production and stocks. 72 Lumber, production, stocks, prices, etc 92, 94, 96 Luxemburg, iron and steel production. 186 McCrory Stores Corp., sales 148 Magazine, advertising 146 Mail-order houses, retail sales 148 Manufacturing indexes. . 48 Moat and meat products, production, holdings, consumption, exports, and prices 124 Metal production, foreign 186 Metal products, patents granted by the U. S. Patent office 64 Metals, price index 157 Mexico, petroleum shipments 70 Milk, production, receipts, etc 126 Mississippi River, cargo traffic 136 Money in circulation 160 Money orders, domestic and foreign 146 Montgomery Ward & Co., sales 148 Municipal bonds, issues 168 Municipal bonds, yields 166 Page. Mutton, production and cold-storage holdings Naval stores, receipts and stocks Netherlands: Coal production Employment Foreign exchange rates New capital issues New corporations New York State:" Canal traffic Employment Savings-bank deposits New York Stock Exchange, sales Newspaper advertising Newsprint paper: Canada, production, etc Production, exports, stocks, prices, etc Nitrate of soda, imports Nonferrous metals, production, exports, prices, etc Norway, employment Oats: Exports Production (crop estimate) Receipts and visible supply Shipments, Argentina Wholesale price Ocean freight rates Ohio, foundry, iron production Oils: Essential, wholesale price index... Vegetable and fish Oleomargarine, production and consumption Onions, car-lot shipments Optical goods, sales and unfilled orders. Ore, car loadings (see also Iron ore) Owl Drug Co., sales Panama Canal, traffic Paper: Boxes, corrugated and iSolid fiber.. Folding boxes, labels, and sacks Newsprint Production and stocks, other grades. Patents granted, metals Pay roll: New York and Wisconsin factories Payments, dividend and interest Peanut oil, production, consumption, and stocks Peanuts, hulled, consumption and stocks for oil Penny, J. C, Co., sales Pennsylvania Railroad Co., stockholders Petroleum, crude, production, consumption, etc Pig iron: Prices, production, etc 124 98 184 188 174 168 168 L36 154 162 166 146 181 80 106 19 188 120 116 118 110 114 136 58 107 112 Ill 117 87 138 148 136 84 85 80 82 64 154 168 112 108 148 170 70 58 Pig iron—Continued. Page. Production, foreign countries 186 Poland, coal production 184 Pork, production, consumption, coldstorage holdings, exports, and prices. 124 Postal receipts 146 Potash, imports 106 Potatoes: Car-lot shipments 117 Production (crop estimate) 116 Pottery, sanitary, orders received 102 Poultry, receipts, and cold-storage holdings 129 Power, electric, production 68 Price index (see also Individual commodities) : Bradstreet's (wholesale) 158 Building and construction costs 87 Department of Labor (wholesale).. 157 Drugs and chemicals 107 Dun's (wholesale) 158 Farm products 157 Federal Reserve Board (wholesale). 158 Food, retail 157 Foreign 159 Stocks and bonds 166 Prices: Brick 100 Butter and cheese 128 Cement 104 Coal and coke 68 Comparison, wholesale 159 Drugs and chemicals 107 Farm products 114 Flour 114 Hides and leather products 78 Iron and steel 60 Lumber 94, 96 Meats 124 Newsprint paper 80 Nonferrous metals 66 Petroleum 70 Pig iron 58 Rubber 74 Silver 180 Sugar 132 Textiles 56 Tobacco 134 Printing, activity and sales 80 Production. (See Individual commodities.) Production indexes 48 Public finance 160 Public utility earnings 142 Railroad operations, Canada 181 Railroads: Employment 154 Financial operations and traffic 140 Freight car movement 138 Raw materials, Department of Commerce indexes 48 200 INDEX—Continued. Page numbers refer to data in detailed tables (47-192) only. Items in the table on "Trend of Business Movements" (pp. 26-47) and in the text are arranged in groups which should make reference easy without the necessity of an index. Note that only the page containing the index number tables is given here. Where the numerical data for these items are in a separate table, they will always be found on the page opposite the index numbers. Page. Receipts, United States Government.. 160 Retail sales, Federal reserve districts.. 150 Retail trade ^ 148 Rice: Exports, imports, receipts, shipments, and stocks 121 Production (crop estimate) 116 World production 192 Rope paper sacks, shipments 85 Rosin, receipts and stocks 98 Rubber: Consumption by tire manufacturers 74 Imports and prices 74 Rye: Exports.... 120 Production (crop estimate) 116 Receipts 118 Wholesale price 114 St. Louis, lead and zinc movement.... 66 Sales, retail 148 Sales, wholesale, Federal reserve districts 143,144,145 Salmon, canned, exports from Canada.. 182 Sanitary ware, orders, shipments and stocks 102 Sault Ste. Marie Canal traffic 136 Savings deposits 162 Sears, Roebuck & Co., sales 148 Sheep: Receipts, shipments, and slaughter. 122 Wholesale price 114 Shelter, prices of, index numbers 156 Ships, building and movements 62 Silk, consumption, imports, and stocks. 53 Silk, raw, wholesale price 56 Silver, exports, imports, production, and prices 180 South Africa, coal production 184 Spectacle frames and mountings, sales and unfilled orders 87 Steel: 1 >arrels and drums 64 Castings 60 Prices, production, etc 60 Production, foreign countries 186 Sheets, production, stocks, etc 60 Stokers, sales 64 Structural, sales 62 Steel furniture, shipments 62 Steel ingots, production 60 Stockholders, corporations 170 Sugar: Page. Exports, stocks, prices, production, etc 131,132/ World production 192 Suitings, wool, wholesale price 56 Sulphuric acid: Exports 106 WTiolesale price 107 Sweden: Employment 188 Foreign exchange rates 174 Price index 159 Switzerland: Foreign exchange rates 174 Price index 159 Taxes: Automobiles and accessories 73 Theater admissions 146 Tea, imports into United States 130 Telegraph and telephone, revenues and earnings 142 Ten-cent store, sales 148 Textiles: Active machinery 54,55 Cotton 50 Knit underwear 52 Silk and miscellaneous 53 Wholesale prices 56 Wool 49 Theaters, taxes 146 Tin, imports, prices and stocks 66 Tires, production, stocks, and shipments 74 Tobacco, production, exports, prices, etc 134 Turpentine, receipts and stocks 98 Underwear, knit, production, shipments, orders, etc 52 Unemployment, Pennsylvania 154 United Cigar Stores Co., sales 148 United Kingdom: Coal production 184 Employment 188 Foreign exchange rates 174 Imports, exports, and reexports 190 Iron and steel production 186 Price index 159 Zinc stocks 186 United States, factory employment 154 United States Government: Debt, receipts, and expenditures.. 160 Postal receipts 146 United States, postal savings 162 o United States Steel Corp.: Earrings and unfilled orders 60 Stockholders 170 Value of crops 116 Vegetable oils: Exports and imports Ill Production, c o n s u m p t i o n and stocks 112 Vessels, construction, cleared, and entered 136 Wages, common labor 131 Walnut, lumber and logs 92 Ward, Montgomery & Co., sales 148 Webbing elastic, sales 53 Wheat: Exports from Canada 182 Exports from United States 120 Production (crop estimate) 116 Receipts, shipments and visible supply 118 Shipments and visible supply, Argentina 110 Wholesale price ' 114 World production 57 Wheat flour: Production, consumption, and stocks 118 Wholesale price 114 Wholesale sales, Federal reserve districts 143;144,145 Wisconsin, employments 154 Wood alcohol, production, stocks of wood, etc 107 Wood pulp, production, consumption, imports, an'' stocks 86 Wool: Consumption, imports, receipts, and stocks 49 Machinery, active 54, 55 Price, wholesale 56 Woolens, exports, United Kingdom.. 190 Woolworth, F. W., Co., sales 148 Workers, registered and placed 152 World production: Cotton and wheat 47 Sugar, flaxseed, and rice 192 Worsted yarn, wholesale price 56 Zinc: Price, production, stocks, etc 66 Production in Belgium 186 Stocks in United Kingdom 186