Full text of Survey of Current Business : November 1925
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MONTHLY SUPPLEMENT TO COMMERCE UNITED STATES DEPARTMENT OF COMMERO|||: WASHINGTON SURVEY OF CURRENT BUSIN NOVEMBER, 1925 No. 51 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC BUREAU OF STANDARDS IMPORTANT NOTICE In addition to figures given from Government sources, there are also incorporated f service figures from other sources generally accepted by the trades, the authority and for which are noted in the "Sources of Data'* on pages 152-155 of the August, 1925, Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents; issues, 25 cents, Foreign subscriptions, $2,25; single copies (monthly issues), including postage, 14 cents; \8dn^^k|lial issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY, $5.50 a yiia^^^lafc^ remittances only to Superintendent of Documents, Washington, D. C., by postal money order^ express order,•.<o'f(!few,. . York draft. Currency at sender's risk. Postage stamps or foreign money not accepted \J );<\l v "^* WASHINGTON : GOVERNMENT PRINTING OFFICE : 1928 INTRODUCTION The STTKVEY OF CURBENT BUSINESS is (designed to present each month a j>icture of the business situation t>y setting forth the principal facts regarding the variops lines of trade and industry. At semiannual intervals detailed tables are publisned giving, for each item, monthly figures for the past two years and yearly comp^risons, where available, back to 1913; also blank lines sufficient for six months have been left at the bottom of each table enabling those who care to do so to enter new figures as soon as they appear (see Issue for August, 1925, No. 48), In the intervening naonths the more important comparisons only are given m the table entitled "Trend of business movements" as in the present number. ADVANCE SHEETS Realizing that current statistics are highly perishable and that to be of use they must reach the business man at the earliest possible moment, the department has arranged to distribute advance leaflets every week to subscribers i& the United States. The leaflets are usually mailed pn Tuesdays and give such information as has been received during the preceding week. The information contained in these leaflets is also reputed in " Commerce Reports," issued Weekly by th© Bureau of Foreign and Domestic Commerce. Tlte monthly bulletin is distributed as quickly as it can b<e completed and printed, per cent over the base period, while a relative number of 80 means a decrease of 20 per cent from the base. Kelative numbers may also be used to calcinate the approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative number at one month is 120 and for a later month it is 144 thei*e has been an increase of 20 per c6nt. In many instances comparable figures for the prewar years are not available, and in such cases the year 1919 has usually been taken as the base. For some industries 1919 can not be regarded fts a proper base, due to extraordinary conditions in the industry, and some more representative period has been chosen, jn many cases relative numbers of less importance have been temporarily omitted. Most of the relative numbers appear in a special section of the semiannual issues, as in' Tables 103 to 123 of the August, 1925, number, thus allowing easy comparison on a pre-war base for all items for whicn relatives could be computed. INDEX NUMBERS When two or more series of relative numbers are combined by a system of weightings the resulting series is denominated an index number. The index number, by combining many relative numbers, is 4esigned to show the trend of an entire group of industries or for thef country as a whole, instead of for thp single commodity or industry whioh the relative number covers. Comparisons with the base year or BASIC DATA with other periods are made in the same manner as in Tlhe figures reported in th£ accompanying tables ai-e the case of relative numbers* very largely th,pse already in existence. The chief BATIO CHARTS function of the department is to bring together these data which, if available at all, are scattered in hunIn many instances the charts used in the SU&VEY dreds of different publications. A portion of these OF CURRENT BUSINESS are of the type termed " Ratio data are collected by Government departments, other Charts" (logarithmic scale), notably the Business figures are compiled by technical journals, and still Indicator charts on page 2, These charts show the others are reported by trade associations, percentage increase and allow direct comparisons between the slope of one curve and that of any other RELATIVE NUMBERS curve regardless of its location on the diagram; that ,. To facilitate comparison between difterent items and is, a 10 per cent increase in an item is given the same render the trend ipr a movement more apparent, rela- vertical movement whether its curve isvnear the bottive nutiafrfcrs (oftto calledi "index numbers," a term tom or near the top of the chart. referring more particularly to a special kind of number The difference between this and the ordinary form described below) have been calculated. The relative of a chart can be made clear by an example. If a numbers enable the reader to see at a glance the certain item, having a relative number of 400 in one general upward or downward tendency of a move- pionth, increases 10 per cent in the following month, ment which can not so easily be grasped from the its relative number will be 440, ^ and on an ordinary chart would be plotted 40 equidistant scale points actual figures* In computing these relative numbers the last pre- Mgher than the preceding mpnth. Another moveWar year, 1913, or in some instances a five-year a^er? ment with a relative number pf, say, 50 also increases aee, 1909-1913, has been used as a ba&0 equal to 100 10 per cent, making its relative number 55. On the ordinary (arithmetic) scale this it&mi woiild rise only 5 wnerever ppssible* The relative numbers are copaputed by Allowing the equidistant points, whereas the previous item rose 40 monthly average for the Base year or period to equal points, yet eachi showed the same percentage increase. 100. ;If the movement for a current month is greater The ratio charts avoid this difficulty and give^to each than the base, the relative number will be greater th£n of the two movements exactly the same vertical rise 100, and vice vcirsa. The difference between 100 and ^nd hence the slopes of the two tines are directly the relative number will give at onipe the per cent comparable. The ratio charts compare percentage increase ot decrease compared with the base period. changes, while the arithmetic charts compare absolute TEtis a relatiye number of 115 meians an increase of 15 changes. This issue presents practically complete data for the month of September and also items covering October, 1925. received up to November 12. As most data covering a particular month's business are not available until from IS to 30 days after the close of the month, a complete picture of that month's, operations, including relative numbers, cumulative totals, text, and charts, can not be presented in printed form under 4$ days after its close, but the advance lea fats described above give considerable information as early as 1$ days after its close, and present almost every week the latest data available* UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS NOVEMBER No. 51 1925 CONTENTS TEXT MATERIAL Page Preliminary summary for October _____________________. 1 Course of business in September: General conditions ________________________________ 7 Summary of indexes of business _____________________ 8 Review by principal branches of industry and commerce. 10 BASIC CHARTS Business indicators ____________________________________ 2 Wholesale prices in October ____________________________ 4 Employment in manufacturing industries ________________ 6 Production, stocks, and unfilled orders ___________________ 8 Comparison of wholesale and retail food price index numbers ____________________________________ _ __________ 9 GENERAL TEXT TABLES Business indicators____________________________________3 Wholesale price comparisons ___________________________ 5 Business summary ____________________________________ 7 Indexes of business (production, prices, sales, etc.) ________ 24 TREND OF BUSINESS MOVEMENTS Textiles. Metals _ _ Fuels Automobiles and rubber Hides and leather Paper and printing Buttons, glass, and optical goods Building construction and housing Chemicals and oils Foodstuffs Tobacco Transportation and public utilities Employment and distribution Banking and finance and foreign exchange United States foreign trade Canadian trade and industry Page _ 27 _ 28 30 31 32 33 34 34 36 38 41 41 43 44' 47 47 NEW DETAILED DATA Wholesale prices for naval stores and women's dress goods-_ 22 Visible supply of oats and barley 23 Manufacturers' stocks of powdered milk 23 PRELIMINARY SUMMARY FOR OCTOBER Industrial production increased in October, with gains recorded both over September and over a year ago, in the output of such basic commodities as pig iron, steel ingots, and zinc. Unfilled orders for steel and for locomotives at the end of the month were also higher than at the end of September or on October 31, 1924. Consumption of raw materials in manufacture, as indicated by receipts or deliveries of wool, silk, tin, and corn, was larger than a year ago, but the output of locomotives and ships declined. Trade reports indicate considerable increases in October over both the previous month and a year ago in sales of mail-order houses and 10-cent chains, magazine advertising, and postal receipts, while check payments rose to a new high level. The movement of goods into consumption, as shown by loadings of carload freight by railroads, was larger than a year ago, 67301—25f 1 the changes from September being largely of a seasonal nature. Traffic through the Sault Ste. Marie Canals was also greater than in either the previous month or a year ago. Financial indicators also increased over both September, 1925, and October, 1924, in new security issues, new incorporations, money in circulation, interest rates on both call money and commercial paper, stock sales, and prices, and loans, investments, and deposits in reporting member-banks of the Federal reserve system. The reserve ratio of the Federal reserve banks at the end of October was lower than either the end of September or a year ago. Dividend payments were larger than a year ago. Business failures were less than a year ago, both in number and liabilities. The number of failures increased over September, while liabilities were less. BUSINESS INDICATORS: 1920-1925 [Ratio charts—see explanation on inside front cover. Except for " Net freight ton-miles," latest month plotted is September, 1925; August is latest plotted for " Net freight ton-miles," while the curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production for the varying number of working days] I920 1 1921' 1922 1923 1924 1925 RELATIVE TO 1913 AS 100 1920 RELATIVE 1921 1922'1923' 1924 1925 TO 1919 AS 100 BANK DEBITS, 141 CENTERS 300 200 PRICES 25 INDUSTRIAL STOCKS INTEREST RATES, COMMERCIAL PAPER J WHOLESALE PRICES (DEPT.OFLABOR) -DEPT. STORE TRADE (359, STORES) 300 200 100 MAIL-ORDER SALES (4 HOUSES) ARM PRICES (DEPT. OF AGRICULTURE) COTTON CONSUMPTION GENERAL MANUFACTURING PRODUCTION (641 COMMODITIES) PIG IRON PRODUCTION l±J co -LUMBER PRODUCTIONH Q (5 SPECIES )- Z 20 300 200 AUTOMOBILE PRODUCTION- 100 80 60 40 X PASSENGER CARS AND TRUCKS)_ 20 200 FACTORY 20 EMPLOYMENT 20 BUSINESS INDICATORS The following table gives comparative relative 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 relative 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 relative 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 relative numbers, compared to previous months, does reflect the-present tendency in each item and will give a basis for business judgment. Where available at the time of going to press, November 15, October Indicators have been included, thus bringing this table up to date. It should be noted that the charts on page 2 show September data as the latest plotted, except for freight ton-miles, which shows August. 1924 MONTHLY AVERAGE 192S COMMODITY 1920 1921 1922 1923 1924 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. 1913 monthly average- 100 Production: Pig iron Steel ingots Copper . . Cement (shipments) — ... Anthracite coal . Bituminous coal Electric energy (gross revenue sales) Crude petroleum . .. _ _ Cotton (consumption).. Beef Pork Unfilled orders: United States Steel Corporation Stocks: Crude petroleum . Cotton (total) Pricesri Wholesale index Retail food Retail coal, bituminous Farm products _ Business finances: Defaulted liabilities _ Price 25 industrial stocks Price 25 railroad stocks Banking: Clearings, New York City Clearings, outside.. ... . Commercial paper interest rate .. . . Distribution: Imports (value)..., ..... . - ..... Exports (value).... . . Sales, mail-order Transportation: Freight, net ton-miles ,. 120 54 135 64 99 38 108 107 98 99 119 87 283 312 178 189 105 97 119 113 113 117 87 114 80 131 58 85 349 224 109 126 130 130 144 120 153 104 118 407 295 117 130 160 96 102 101 70 74 122 74 101 128 126 130 164 225 228 99 102 93 101 84 90 434 382 386 285 295 298 99 75 77 133 132 135 151 153 115 80 112 124 228 100 106 397 288 94 146 103 97 124 134 231 101 121 427 289 114 167 118 98 124 133 139 89 106 462 272 106 149 152 116 141 131 74 97 116 506 273 114 134 191 132 166 144 69 97 130 522 287 127 146 199 126 149 134 81 94 98 480 261 118 105 152 139 166 145 139 93 94 457 292 125 129 115 127 142 137 195 98 85 449 297 128 131 109 114 137 137 226 107 89 429 329 114 132 116 104 127 136 237 102 93 421 322 106 127 136 104 122 133 245 112 99 420 325 104 145 107 106 136 132 249 116 113 429 323 96 135 96 106 138 132 240 5 117 54 56 59 60 68 82 85 89 82 75 69 63 60 59 63 61 45 56 130 185 170 90 127 155 152 198 234 287 338 343 153 125 112 45 349 44 350 348 346 338 335 337 337 340 344 84 161 193 193 172 160 126 103 80 226 203 207 205 147 153 197 116 149 142 188 124 154 146 190 135 150 146 169 134 147 143 165 132 150 144 159 139 149 147 164 132 108 184 67 229 228 136 169 64 75 197 185 72 198 198 81 161 242 195 205 82 86 68 152 149 169 138 153 157 160 161 150 152 154 151 171 171 170 172 137 139 146 146 161 151 169 151 150 158 136 198 238 176 149 201 202 213 231 233 238 235 85 84 92 95 96 98 95 156 151 161 147 155 152 159 146 157 160 160 155 160 160 158 159 160 148 149 152 118 154 137 207 1 133 313 104 117 144 97 160 159 168 144 70 158 162 170 143 163 162 161 151 163 134 129 233 245 248 256 272 280 308 92 96 96 97 101 102 103 257 205 230 226 264 268 258 245 274 284 325 339 267 296 290 302 305 297 256 276 329 275 212 230 276 284 282 265 277 314 290 317 322 273 309 308 297 317 323 293 313 353 134 118 80 90 71 64 59 57 57 59 64 66 66 71 72 70 70 71 72 76 80 .. 294 331 264 140 177 212 201 181 154 168 185 188 204 259 284 137 105 115 139 131 185 170 192 208 198 224 232 223 258 233 219 218 218 228 234 251 134 160 207 255 238 214 216 179 219 193 179 156 164 184 203 238 196 211 279 364 351 411 308 299 318 322 262 271 248 255 309 464 121 133 143 158 139 128 135 151 129 123 136 131 139 153 122 83 136 138 143 157 146 148 151 143 141 145 59 85 55 94 49 90 41 88 31 81 26 96 21 89 19 76 94 111 111 113 114 112 111 111 111 106 121 117 116 124 123 113 119 137 123 1919 monthly average- 100 Production : Lumber1..... Building contracts Stocks: Beef Pork Business finances: Bond prices (40 issues) Banking: Debits outside New York City Federal ReserveBills discounted Total reserves _ Ratio . .... 140 102 126 105 20 61 28 44 42 46 110 109 110 110 110 110 101 104 119 107 124 102 72 86 69 117 102 133 106 129 108 119 88 139 135 90 93 66 98 42 83 29 70 32 91 34 88 21 104 21 91 86 87 107 104 108 ilu 114 91 95 107 108 106 110 121 100 91 60 70 127 154 153 166 155 17 58 12 11 16 14 22 21 21 21 24 24 30 33 30 28 39 19 15 14 13 132 91 . . 97 122 144 146 146 149 146 144 143 143 139 141 138 137 137 136 135 134 132 131 132 80 122 154 152 160 165 164 160 157 154 145 155 151 154 154 153 153 154 149 144 144 i Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture. J Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000 board feet reported by the census. WHOLESALE PRICES IN OCTOBER [Bars denote percentages of increase or decrease in the wholesale prices of specified commodities as compared with the same month of 1924 and 1923] COMMODITIES DECREASE INCREASE 20 10 0 10 20 COMPARISON WITH SAME MONTH COMPARISON WITH SAME MONTH 1924 DECREASE INCREASE COMPARISON WITH PREVIOUS MONTH 50 40 30 20 10 0 10 20 30 40 50 60 1923 DECREASE 40 30 20 INCREASE 10 0 10 20 30 40 50 30 40 50 FARM PRODUCTS. AVERAGE PRICE TO PRODUCER WHEAT — CORN POTATOES COTTON COTTONSEED CATTLE. BEEF HOGS LAMBS - WHEAT. SPRING WHEAT, WINTER CORN NO. 2 OATSBARLEY RYE, NO.2 TOBACCO, BURLEY COTTON WOOLJ^ GREASE (BOSTON)—CATTLE, STEERS HOGS, HEAVY SHEEP, EWES SHEEP, LAMBS FLOUR, SPRING FLOUR, WINTER SUGAR. RAW SUGAR, GRANULATED COTTONSEED OIL BEEF, CARCASS BEEF. STEER ROUNDS HAMS, SMOKED (CHICAGO)— COTTON YARN COTTON PR I NT CLOTH COTTON, SHEET ING WORSTED YARN WOMEN'S DRESS GOODS SUITINGS SILK, RAW HIDES, PACKER'S HIDES, CALFSKINS LEATHER, CHROME ( BOSTON )LEATHER, SOLE, OAK BOOTS AND SHOES (BOSTON)--BOOTS AND SHOES (ST. LOUIS) COAL. BITUMINOUS-COAL, ANTHRACITE COKE PETROLEUM PIG IRON, FOUNDRY f IG IRON, BASIC STEEL BILLETS. BESSEMER COPPER - LEAD TIN ZINC LUMBER. PINE, SOUTHERN LUMBER, DOUGLAS FIR BRICK, COMMON (NEWYORK)CEMENT STEEL. BEAMS RUBBER CRUDE SULPHURIC ACID 20 10 Q 10 20 DECREASE INCREASE 50 40 30 20 JO Q 40 50 INCREASE DECREASE * NO CHANGE * if NO QUOTATION DECREASE AVAILABLE INCREASE 60 WHOLESALE PRICE COMPARISONS NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; nonferrous metals from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill. See diagram on page 4. PER CENT INCREASE (+) OR DECREASE (— ) ACTUAL PRICE (dollars) Unit COMMODITIES RELATIVE PRICE (1913 average- 100) October, October, Sep- OctoSeptem- October, October, 1925, from 1925, from tember, ber, 1924 Septem- October, ber, 1925 1925 1925 1925 1924 ber, 1925 October, 1924 FARM PRODUCTS— AVERAGE PRICE TO PRODUCERS Wheat Corn . . Potatoes Cotton Cottonseed Cattle, beef. Hogs Lambs . . . . . . .... 1.444 Bushel .988 Bushel 1.211 Bushel .225 Pound 33.48 Ton Pound.. .. .0627 .1150 Pound .1195 Pound 1.364 .830 1.256 .215 32.82 .0631 .1116 .1204 1.297 1.089 .688 .231 31.95 .0552 .0945 .1035 -5.5 16.0 +3.7 —4.4 -2.0 +0.6 -3.0 +0.8 +5.2 23.8 +82.6 -6.9 +2.7 +14.3 +18.1 +16.3 182 160 203 188 154 106 153 196 172 134 210 179 151 107 149 197 164 176 115 193 147 94 126 170 Bushel Bushel Bushel Bushel Bushel Bushel Cwt Pound Pound Cwt Cwt Cwt Cwt 1.555 1.667 .917 .398 .751 .883 25.00 .236 .50 12. 438 12. 881 6.188 15. 094 1.549 1.635 .828 .402 .743 .838 25.00 .220 .51 11. 906 11. 694 6.406 14. 813 1.486 1.528 1.105 .522 .908 1.275 24.50 .245 .57 9.50 10.78 5.810 13. 440 0.4 -1.9 97 +1.0 10.1 -5.1 0.0 -6.8 +2.0 -4.3 -9.2 +3.5 -1.9 +4.2 +7.0 -25.1 -23.0 -18.2 -34.3 +2.0 -10.2 -10.5 +25.3 +8.5 +10.3 +10.2 170 169 147 106 120 139 189 184 200 146 154 132 194 170 166 132 107 119 132 189 172 204 140 140 137 190 163 155 177 139 145 200 186 192 228 112 129 124 172 Barrel Barrel Pound Pound Pound Pound Pound Pound 8.310 7.431 .043 .054 .107 .185 .173 .292 8.263 7.410 .039 .050 .099 .185 .160 .283 8.013 6.669 .060 .073 .113 .172 .136 .216 -0.6 -0.3 -9.3 -7.4 -7.5 0.0 -7.5 -3.1 +3.1 +11.1 -35.0 -31.5 -12.3 +7.6 +17.6 +31.0 181 193 122 127 147 143 132 175 180 193 110 117 136 143 122 170 175 173 172 171 155 132 104 130 Pound Yard Yard Pound Yard Yard Pound Pound Pound Square foot. Pound Pair Pair .423 .067 .106 1.650 .800 3.600 6.615 .177 .198 .460 .460 6.40 5.15 .430 .067 .108 1.650 .800 3.600 6.664 .174 .200 .460 .460 6.40 5.15 .449 .066 .103 1.750 .775 3.690 5.733 .163 .194 .460 .445 6.25 4.88 +1.7 0.0 +1.9 0.0 0.0 0.0 +0.7 -1.7 +1.0 0.0 0.0 0.0 0.0 -4.2 +1.5 +4.9 -5.7 +3.2 -2.4 +16.2 +6.7 +3.1 0.0 +3.4 +2.4 +5.5 171 194 172 212 254 233 179 96 105 171 103 206 163 174 194 176 212 254 233 183 95 106 171 103 206 163 181 192 168 225 246 239 158 88 103 171 99 201 154 Short ton. _ Long ton... Short ton__ Barrel 3.49 11. 272 3.70 1.550 3.39 11.284 6.53 1.600 3.39 11. 480 3.13 1.250 29 +0.1 +76.5 +3.2 0.0 -1.7 +108. 6 +28.0 ,159 212 152 170 154 212 268 171 154 216 128 134 20.89 18.63 34.25 .143 .0951 .605 .0882 21.26 19.00 35.75 .129 .0824 .500 .0632 +1.6 +1.8 2. 1 07 0.0 +7.2 .+13. 8 -1.7 19 -4.2 +10.9 +15.4 +20.8 +39.6 128 124 136 94 218 127 141 131 127 133 94 218 137 160 133 129 139 85 189 113 115 47.41 16.50 14.75 40.31 16.50 14.00 +2.1 0.0 0.0 +17.6 0.0 +5.4 202 179 225 206 179 225 175 179 213 -2.9 -0.0 +31.0 0.0 -2.9 -2.5 +19f . 0 0.0 173 129 73 70 168 129 96 70 173 129 33 70 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, burley, good leaf, dark red (Louisville) -. Cotton, middling upland (New York) Wool, $£ blood combing, Ohio and Pennsylvania fleeces (Boston) Cattle, steers, good to choice, corn fed (Chicago) . Hogs, heavy (Chicago) .. Sheep, ewes (Chicago) Sheep, lambs (Chicago) . . . _ FOOD Flour, standard patents (Minneapolis) Flour, winter straights (Kansas City) Sugar, 96° centrifugal (New York) . _ Sugar, granulated, in barrels (New York) Cottonseed oil, prime summer yellow (New York) Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds No. 2 (Chicago) Pork, smoked hams (Chicago) .. . ._ .. CLOTHING Cotton yarns carded, white northern, mulespun, 22-1 cones (Boston) Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston) Cotton, sheeting, brown 4/4 Ware Shoals L. L. (New York) Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) Women's dress goods, French, 35-36 inches at mills, serge Suitings, wool, dyed blue, 65-56 inches, 16-ounce Middlesex (N. Y.) Silk, raw Japanese, Kansas No 1 (New York) Hides, green salted, packer's heavv native steers (Chicago) . Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Leather, chrome calf, dull or bright " B " grades (Boston) Leather, sole, oak, scoured backs, heavy (Boston) Boots and shoes, men's black calf, blucher (Massachusetts) Boots and shoes, men's dress welt tan calf (St. Louis).... FUEL Coal, bituminous, mine run lump, Kanawha (Cincinnati) Coal, anthracite, chestnut (New York tidewater) Coke, Councils ville (range of prompt and future) furnace— at ovens PetrolftTini, prudft, TTRnsas-Oklqlinma— ^t wplls 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, delivered, for early delivery (New York) Tin, pig, for early delivery (New York) Zinc, sl?b, western (St. Louis) . . Long ton... 20.56 Long ton... 18.30 Long ton — 35.00 Pound ,1 .144 Pound . 0951 Pound .564 Pound .0775 BUILDING MATERIAL AND MISCELLANEOUS Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district) 46.42 Mfeet Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (Washington) 16.50 M feet Brick, common red, domestic building (New York) Thousand- 14.75 Cement, Portland, net without bags to trade, f. o. b., plant (Chicago 1.75 district) Barrel Steel beams, mill (Pittsburgh) . . Cwt 1.95 Rubber, Para Island, fine (New York) .590 Pound Sulphuric acid, 66° (New York) Cwt .70 1.70 1.95 .773 .70 1.75 2.00 .262 .70 EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR GROUPS [Drawn from data compiled by U. S. Department of Labor, and representing weighted indexes based upon number of wage earners in the respective industries in 1919. Average monthly employment 1923=100. September, 1925, is latest month plotted] 120 100 BO' - J ', i i i i i I i i t I i i i I i i i I VEHICLES FOR LAND TRANSPORTATION AMPED AND ENAMELED WARE OTHER THAN IRON AND STEEL STONE, CLAY, AND GLASS PRODUCTS BUSINESS SUMMARY {Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average—enable comparisons to be made of the relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, and details of this summary are given in the table entitled "Indexes of Business," beginning on p. 24] YEARLY AVERAGE September September, 1925, from August, 1925 128 97 136 111 69 125 165 145 121 114 142 107 105 131 166 166 123 149 126 104 190 129 166 155 + 1.7 + 30.7 -11.3 -2.8 + 81.0 -1.5 0.0 -6.6 + 7.9 -2.0 -1. 6 -5.5 -1.6 + 8.4 + 12.2 + 66.7 134 46 133 51 142 52 147 52 + 3.5 0.0 +9.7 + 13.0 74 172 83 93 106 169 92 119 87 183 83 95 89 195 87 98 113 191 95 122 +27.0 -2.1 + 9.2 + 24.5 + 6.6 + 13.0 + 3.3 + 2.5 63 71 77 94 67 73 77 95 63 72 79 95 71 78 86 98 73 78 86 98 69 78 85 98 -5.5 0.0 -1.2 0.0 + 9.5 + 8.3 + 7.6 + 3.2 109 84 108 79 112 79 110 81 127 82 125 83 127 84 + 1.6 + 1.2 + 15.5 + 3.7 108 116 139 100 101 195 110 139 117 118 119 70 115 112 160 126 154 98 125 123 85 -0.8 -20. 1 -13.3 + 5.9 + 3.4 + 21.4 September 123 117 118 119 152 108 101 97 121 117 73 111 142 88 109 121 122 108 129 124 146 90 114 152 128 110 193 119 148 93 119 74 135 52 129 44 133 46 SALES (based on value) : Mail-order houses (4 houses) Ten-cent chains (5 chains) Wholesale trade Department stores (359 stores) 99 165 83 124 105 185 82 125 69 163 78 91 PRICES (recomputed to 1919 base) : Producers', farm products Wholesale, all commodities Retail food Cost of living (including food) 65 75 78 94 64 73 78 95 103 93 TRANSPORTATION : Net freight ton-mile operation 115 119 Car loadings (monthly total) Net available car surplus (end of mo.) . _ 25 1924 119 113 113 118 131 117 102 121 144 106 STOCKS (45 commodities; seasonal adjustment) UNFILLED ORDERS (relative to 1920) CHECK PAYMENTS (141 cities — Seasonal adjustment) FACTORY EMPLOYMENT (1919 base)__ September, 1925, from September, 1924 August August 1923 PRODUCTION: Manufacturing (64 commodities— Adjusted) i. _ Raw materials, total Minerals . .. - _ - Animal products Crops Forest products Electric power. Building (awards— floor space) PER CENT INCREASE (+) OR DECREASE (— ) 1925 1924 July July i See p. 28, Jan., 1925, issue (No. 41), for details of adjustment. COURSE OF BUSINESS IN SEPTEMBER GENERAL CONDITIONS The production of manufactured commodities in September was 2 per cent greater than in the previous month and 8 per cent larger than a year ago. The output of raw materials was seasonally larger than in August but 2 per cent smaller than in September, 1924. Commodity stocks after adjustment for normal seasonal influences were 4 per cent larger than at the end of August and 10 per cent greater than a year ago, while manufacturers' unfilled orders on September 30 showed no change from the previous month but were 13 per cent greater than a year ago. Contracts awarded for new construction during September were smaller than in the preceding month but considerably above a year ago. The volume of wholesale trade was 9 per cent larger than in August and 3 per cent greater than a year ago, while retail trade recorded similar advances over these two comparative periods. Check payments, after adjustment for seasonal variations, were 2 per cent larger than in August and 16 per cent greater than a year ago, while car loadings were more than 3 per cent larger than in September, 1924. Wholesale prices showed no change from the preceding month but were more than 8 per cent greater, on the average, than a year ago. Prices paid producers for their farm products were, on the other hand, 6 per cent lower than in the preceding month and 9 per cent higher than in September, 1924, while retail food prices and the cost of living, though higher than a year ago, were lower than in August. Factory employment continued to increase and both employment and pay rolls were 5 per cent greater than a year ago. Stock prices and interest rates both averaged higher. Business failures were smaller than in either the previous month or a year ago. 8 SUMMARY OF INDEXES OF BUSINESS PRODUCTI ON September production registered an increase of 2 per cent in manufacturing as compared with the previous month and 8 per cent as compared with September, 1924. All industrial groups, for which data are available, participated in the general increase over a year ago, except foodstuffs which registered an 8 per cent decline, while, as compared with August, September production was larger in all groups, except foodstuffs, lumber, and stone and clay products, which declined, and leather and paper and printing, which showed no change. The production of raw materials was 31 per cent larger than in August and 2 per cent smaller than in September a year ago. All classes of commodities entering into this index declined from a year ago, except forest products, the increase in this group being insufficient to offset the declines in mineral production and in the marketings of crops and animal products. The output of minerals was 11 per cent smaller than in August and 2 per cent smaller than a year ago, all classes of minerals participating in the decline from the previous month except bituminous coal and zinc, while as compared with September, 1924, the increases in the production of zinc, copper, iron ore, petroleum, and bituminous coal were insufficient to offset the declines in anthracite coal, lead, gold, and silver. Animal marketings were 3 per cent smaller than in August and 6 per cent smaller than a year ago, the principal declines from the previous month occurring in the marketings of wool, cattle, eggs, fish, and milk. As compared with a year ago, all groups were marketed in smaller quantities except eggs, fish, and milk. Crop marketings were 81 per cent greater than in August but 2 per cent smaller than a year ago, the increased marketings of vegetables, fruits, cotton, and miscellaneous products being insufficient to offset a 35 per cent decline from September, 1924, in the marketings of grains. RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES [1920 monthly average=100. This chart shows stocks of manufactured commodities only, while adjustment has been made for both stocks and production for the respective seasonal movements. Unfilled orders are principally those for iron, stesl, and building materials. September, 1925, is latest month plotted] 160 ^-•PRODUCTION 64 COMMODITIES COMMODITY STOCKS SALES The index of stocks of commodities held on September 30, recorded an increase of 4 per cent over the preceding month and 10 per cent over a year ago after adjustment for normal seasonal conditions. As compared with the previous month all classes of commodities were held in larger quantities except manufactured goods, while, as compared with a year ago, larger stocks of commodities were held for all groups except manufactured foodstuffs. Unfilled orders for basic materials, principally iron, steel, and building materials, showed no change from the previous month but were 13 per cent larger than a year ago. Unfilled orders for building materials, though 10 per cent smaller than at the end of August, were 12 per cent greater than a year ago, while iron and steel orders unfilled at the end of September were 6 per cent greater than at the end of August and 12 per cent larger than on September 30, 1924. 9 The index of wholesale trade was 9 per cent greater than for the previous month and 3 per cent higher than a year ago, increases over a year ago occurring in all classes except dry goods. As compared with the preceding month, wholesale trade in all lines was higher. Retail trade, as measured by department-store sales, was 25 per cent larger than in August and 3 per cent greater than a year ago. Mail-order houses reported an increase of 27 per cent over the preceding month and 7 per cent over a year ago, while, with the exception of 10-cent chains and drug chains, other chain-store systems had larger sales than in August. As compared with a year ago all types of chain stores had larger business. PRICES On the whole, producers received less for their farm products in September than in August, but the general average was 9 per cent greater than a year ago. With the exception of prices for dairy products and poultry, all farm products were lower than in August, while with the exception of unclassified items, all prices were higher than a year ago, the greatest increases occurring in fruits and vegetables and meat animals. The wholesale price index of the United States Department of Labor remained stationary for the third consecutive month but the general level was higher than a year ago. Declines from August in the prices of farm products, cloths and clothing, fuel and lighting, house furnishings, and miscellaneous goods were sufficient to offset increases in prices of food, building materials, and chemicals. As compared with last year, all groups registered increases with the exception of metals and metal products and house furnishings. As regrouped by the Federal Reserve Board, this index shows a decline of 2 per cent in producers' goods and an increase of almost 1 per cent in consumers' goods from the quotations prevailing in August. Increases over a year ago in producers' goods of 1 per cent and in consumers' goods of 7 per cent may be compared with an increase in raw products of more than 9 per cent. Commercial price-index numbers for October 1 exhibited practically the same conditions with respect to the previous month and a year ago. The cost of living declined almost 1 per cent from the previous month but was still 2 per cent above a year ago, the decline from the preceding month in the general index being due to decreased costs of food, shelter, and sundries. EMPLOYMENT Factory employment in September was 1 per cent greater than in August and 5 per cent larger than a year ago, all industrial groups sharing in the increase over the previous month except textile and miscellaneous factories, which showed no change, while, as compared with last year, employment in tobacco factories and food factories was alone smaller. Factory pay rolls were 1 per cent smaller than in August and 5 per cent greater than a year ago, the principal declines from the preceding month occurring in the pay rolls of textile, iron and steel, leather, stone, clay and glass, and nonferrous metals factories, while, as compared with a year ago, declines in pay rolls were noted in food products, textile, and tobacco factories. COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS WITH INDEX OF ALL COMMODITIES AT WHOLESALE [U.S. Department of Labor index numbers. Relative prices, 1913=100. September, 1925, is latest month plotted] 1917 100 67301-! 1918 1919 1920 1921 1922 1923 1924 10 REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES Receipts of wool at Boston declined seasonally from the previous month but were slightly larger than in September, 1924, due to larger receipts of foreign wool. For the first nine months of this year, Boston wool receipts were 4 per cent greater than for the corresponding period a year ago, an increase of 67 per cent in receipts of foreign wool more than offsetting a decline of 29 per cent in domestic receipts. Wool consumption by textile mills was 5 per cent greater in September than in the previous month, and about the same as a year ago. There were corresponding increases in the machinery activity of woolen mills for all classes of spindles and looms, except carpet and rug looms. Prices of raw wools showed a slight decline, both from the previous month and a year ago. Cotton brought into sight during September increased seasonally from the previous month and was 26 per cent greater than in September, 1924. Imports of raw cotton were also much larger than for either the previous month or a year ago, while exports, which continued their seasonal increase over the previous month, were only slightly larger than in September, 1924. Cotton consumption by textile mills was larger in September than in August or a year ago. Spindle activity also increased over the previous month but in a somewhat smaller ratio than cotton consumption. Deliveries of silk from warehouses were less than in August but were 15 per cent greater than a year ago. Stocks at warehouses at the end of September, on the other hand, were much greater than at the end of the previous month and slightly larger than a year ago. Prices of raw silk increased from the previous month and averaged 22 per cent greater than in September, 1924. SPINDLE ACTIVITY IN COTTON MILLS [September, 1925, is latest month plotted] RAW COTTON CONSUMPTION AND EXPORTS [September, 1925, is latest month plotted] 150 1921 IRON AND STEEL Stocks of raw cotton at mills and warehouses continued their, seasonal increase and were half again as large as at the end of September, 1924. The world visible supply of cotton also exceeded that of a year ago in about the same proportion. Cotton-finishing establishments showed a substantial increase in business during September, both from the previous month and from September, 1924. Prices of raw cotton declined slightly from the previous month, although the price to producers was slightly greater than a year ago. Prices of cotton yarns and of cloth were slightly higher than in August. Stocks of iron ore at the furnaces and on Lake Erie docks continued their seasonal increase and were almost as great as at the end of September, 1924. Shipments from the mines, on the other hand, declined from August, although exceeding those of a year ago. The consumption of iron ore and the production of pig iron were practically the same as for the previous month and were about one-third larger than for the corresponding month a year ago. The number and capacity of furnaces in blast increased over the previous month and September, 1924. The wholesale price of iron products averaged slightly higher than in August but was less than a year ago. Steel-ingot production was slightly greater than in August and considerably greater than a year ago. Bookings of steel castings, on the other hand, declined from both periods, railroad specialties and miscellaneous castings each showing a smaller amount of new business. For the first nine months of 1925 steelingot production increased, while bookings of steel castings declined, from the corresponding period of last year. Unfilled orders reported by the United 11 States Steel Corporation showed an upward trend in September as compared both with the previous month and a year ago. The sheet steel industry showed greater activity during September than for either the previous month or a year ago, production, shipments, sales, and unfilled orders increasing over both periods. Production, shipments, and stocks of steel barrels also exceeded those of either the previous month or September, 1924, and the unfilled orders, while declining from the previous month, also exceeded those of a year ago. Sales of fabricated structural steel were slightly larger than in August while shipments were the same as in the previous month, both sales and shipments being considerably greater than in September, 1924. Bookings of fabricated steel plate, on the other hand, declined from the previous month, despite an increase in bookings of oil-storage tanks, but increased from a year ago. Orders for machine tools, while practically the same as in the previous month, greatly exceeded those of a year ago, and sales of mechanical stokers exceeded those of both prior periods, both in number and in horsepower. PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS [September, 1925, is latest month plotted) 14,000 600 The following table shows the total sales and production of farm equipment by manufacturers during the past three years, as compiled by the Bureau of the Census in its annual tabulation of farm equipment manufacturers : FARM EQUIPMENT PRODUCTION AND SALES Number of estab- Production lishments CLASS AND YEAR Total, all groups: 1924 1923 1922 - - - Machinery for plowing, harrowing, rolling, planting, and cultivating: 1924 1923 1922 Machinery for harvesting and haying: 1924 1923 1922 Machinery for preparing crops for market or use: 1924 1923 .. . 1922 Tractor and tractor engines: 1924 1923 1922 Horse-drawn vehicles, barnyard, and miscellaneous equipment: 1924 1923 1922 MANUFACTURERS' SALES Domestic For export 949 $329, 170, 367 1,135 364,854,106 986 209, 639, 897 $283, 414, 229 $55, 319, 372 311, 976, 047 222, 907, 764 49,349,294 54, 987, 347 58, 670, 026 22,943,817 48, 194, 598 52, 857, 538 8,811,360 45, 519, 015 41, 781, 372 19, 446, 576 27, 007, 211 31, 050, 479 20, 073, 031 15, 768, 755 12, 877, 557 3, 481, 210 176 181 196 23, 695, 367 30, 761, 122 18, 293, 848 19, 531, 667 22, 918, 124 19, 873, 381 2, 834, 092 5, 838, 104 62 78 86 88, 581, 125 93, 782, 550 53, 242, 822 79, 924, 586 77, 418, 955 53, 860, 771 20, 001, 231 14, 681, 512 6, 680, 948 116, 387, 513 139, 859, 036 95, 712, 839 108, 756, 167 127, 730, 951 101, 601, 917 7, 903, 934 9, 196, 575 5, 612, 445 27,498,664 21, 663, 241 6, 755, 546 2,401,641 3,486,997 NONFERROUS METALS The production of copper at the mines was slightly less and smelter output 5 per cent greater than in August. Shipments of refined copper also declined from the previous month but were half again as large as a year ago. Stocks of refined copper were slightly less and those of blister slightly greater than at the end of August. The wholesale price of electrolytic copper, while averaging slightly less than in August, was 11 per cent greater than a year ago. COPPER PRODUCTION AND EXPORTS [September, 1925, is latest month plotted] 12 Stocks of tin were much smaller at the end of September than at the end of either the previous month or a year ago. Tin deliveries were slightly less than during August and considerably greater than in September, 1924. The wholesale price of tin showed little change from the previous month, but averaged 16 per cent greater than a year ago. A decline in the production of zinc and in the shipments from the Joplin district was accompanied by a slight increase in the number of retorts in operation and by a considerable decline in stocks. Compared with a year ago production and shipments showed substantial increases. Prices averaged slightly greater than during August and were 25 per cent higher than a year ago. A slight increase from August in shipments of lead ore from the Joplin district accompanied a slight decline in the production of lead. September prices of desilverized pig lead at New York averaged higher than for either the previous month or a year ago. Gasoline movements all declined from August, but for the other refined oils increases were made in most cases. Compared with a year ago, almost all movements of refined oils were larger, except prices. PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL [September, 1925, is latest month plotted] AUTOMOBILES RELATIVE PRODUCTION AND STOCKS OF ZINC [1913 monthly average=100. September, 1925, is latest month plotted] 225 PASSENGER AUTOMOBILE PRODUCTION [September, 1925, is latest month plotted. Cumulative curve shows production through September] COAL AND COKE A small increase in the production of bituminous coal in September accompanied the shutdown in anthracite output. Prices both of bituminous and anthracite coal were slightly higher than for either the previous month or a year ago. The production of coke, both beehive and by-product, slightly exceeded that of the previous month and was considerably larger than a year ago. Coke prices continued to rise and were 18 per cent greater than for September, 1942. Slight declines took place from August in production, stocks, imports, and consumption of crude petroleum, as well as in the number of oil wells completed, while the price averaged 10 per cent lower. Compared with September, 1924, production and consumption increased while imports and stocks declined. The output of automobiles increased, passenger-car output being 3 per cent greater and trucks almost 90 per cent greater than a year ago. For the first nine months of this year, passenger-car production in the United States was 7 per cent greater and truck production 30 per cent greater than in the 1924 period. 13 RUBBER PAPER AND PRINTING Imports of rubber were 21 per cent less in September than in the previous month, being slightly less also than a year ago. For the first nine months of 1925, however, rubber imports exceeded those of the corresponding months of last year by 24 per cent. The price of rubber continued to fall, averaging 11 per cent less than in August but was more than two and onehalf times the price in September, 1924. Production and shipments of pneumatic tires and inner tubes also declined from the previous month while stocks of these commodities showed little change. Production of mechanical wood pulp was greater than in August but less than a year ago. For chemical wood pulp, on the other hand, the converse was true, the September production being less than that of the previous month but greater than a year ago. Shipments of mechanical wood pulp in September exceeded those of both prior periods, while shipments of chemical wood pulp declined both from the previous month and from September, 1924. HIDES AND LEATHER NEWSPEINT PAPER PRODUCTION AND MILL STOCKS * [September, 1925, is latest month plotted] Imports of hides were slightly less than in August, an increase of 40 per cent in imports of cattle hides being offset by decreases in calfskins, goatskins, and sheepskins. Compared with a year ago imports also declined, the only class showing an increase from September, 1924, being goatskins. Prices of cattle hides were slightly higher and those of calfskins slightly lower than for the previous month. The production of sole leather was less and the production of harness and skivers greater than for either the previous month or a year ago. Exports of sole leather also declined from both prior periods while exports of upper leather increased substantially. IMPORTS OF HIDES AND SKINS [September, 1925, is latest month plotted] 80,000 1,000 The production of boots and shoes was 4 per cent larger during September than during the previous month but was less than a year ago. The production, shipments, imports, and exports of newsprint paper exceeded those of August and of a year ago. Stocks at mills, however, declined from both prior periods. Production of book, wrapping, fine, and other paper declined from August but except for wrapping paper was greater than a year ago. Stocks of wrapping paper and of fine paper declined from both prior periods and those of book paper increased. For the first nine months of 1925 the production of all grades of paper was greater than for the corresponding months of last year, the percentage of increase varying from 2 per cent in the case of newsprint paper to 20 per cent in the case of fine paper. The production of paper-board shipping boxes during September exceeded that of August by 3 per cent, the increase in the production of corrugated boxes more than offsetting a slight decline in the production of solid fiber boxes. Compared with a year ago, production was 20 per cent greater, both classes of boxes participating in the increase. Operating activity in the industry was likewise greater than for either the previous month or for a year ago. Shipments of rope-paper sacks were less and sales of abrasive paper and cloth greater than for either of the prior periods with which comparison is made. 14 BUILDING CONSTRUCTION AND HOUSING Industrial building costs were slightly lower than during either the previous month or for September, 1924. Material costs for houses, on the other hand, showed little change from the previous month, although declining from a year ago. Contracts awarded for new construction in 36 States were considerably less both in floor space and in value than during August but were much larger than a year ago. The only classes of buildings which showed an increase from the previous month were industrial buildings which were much greater, both in square footage and in value, and educational buildings which showed a slightly higher value than, in August. Compared with a year ago, awards were greater for all types of buildings with the single exception of educational buildings, for which the square footage was slightly less. For the calendar year thus far, awards exceeded those of the corresponding period of 1925, both in square footage and in value, all types of buildings participating in the advance. The smaller chart shows strikingly the course and composition of building since 1920, it having been constructed with a view to showing the ratio between each major group and the total as adduced from building contracts awarded in 27 Northeastern States. The first point plotted covers the average for the 12 months ending January, 1921; the second point the 12 months ending February, 1921, etc. By this means it has been possible 'to show the changes occurring since the present building wave set in. RELATIVE PROPORTION OP EACH CLASS IN TOTAL BUILDING AWARDS [September, 1925, is latest month plotted] 10 COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS [September, 1925, is latest month plotted. Cumulatives for 1925 are through September] 550 1 1 I ! ] I I I i I 550 I I I I I 1 I I I 1925-CUMULATIVES-1925 LDING CONTRACTS AWARDED (27 STATES) I 2 3 4 5 6 7 8 9 10 IIYR. 1924-CUMULATIVES- 1924 TOTAL AUTOMOBILE PRODUCTION 15 for the corresponding period of 1924; the production of oak flooring also exceeded that of last year, although the production of maple flooring was slightly lower. The paving-brick industry exhibited diminished activity as compared with the previous month, declines in orders, production, and shipments being LUMBER accompanied by an increase in cancellations. Stocks The production of most varieties of lumber showed at the end of the month, however, were smaller than a decrease from the previous month but an increase on August 31. Production, orders, shipments, and over September, 1924, exceptions to this being Douglas stocks were greater and unfilled orders less than for fir and* North Carolina pine, which increased from September, 1924. Production, shipments, and stocks of Portland August, and northern pine, which declined from a cement were less than in August, although greater year ago. Shipments of Douglas fir, southern pine, than a year ago. For the year to date production North Carolina pine, and California white pine were exceeded the corresponding months of last year by larger than for either of the prior periods with which 9 per cent and shipments by 10 per cent. Paving comparison is made. Shipments of California redcontracts awarded were slightly greater in September wood and western pine, while declining from the prethan in the previous month despite a considerable vious month, were larger than in September, 1924, and decline in contracts for paving roads. For the year shipments of northern pine were less than for the preto date total concrete-paving awards were 18 per vious month or for a year ago. New orders for lumber cent greater and those for roads 15 per cent greater were uniformly less than in August and, except for than for the corresponding period of last year. BookCalifornia redwood, were greater than in September, ings for architectural terra cotta were considerably 1924. Changes in the stocks of lumber reported larger, both in tonnage and in value, than for either showed no uniform tendency, those for southern pine the previous month or for a year ago. and for hardwoods being slightly less than in August, Orders, shipments, and stocks of enameled sanitary but greater than a year ago, while those of western ware were less than for August but greater than a pine and California white pine were greater than in year ago, all classes of sanitary ware participating August but less than a year ago. The composite lumin this movement with the exception of sinks, for ber price, both for softwoods and hardwoods, exceeded which the orders and shipments exceeded those of that of the previous month despite a decline in the the previous month, and of miscellaneous ware, for price of Douglas fir. Compared with a year ago, howwhich the orders and shipments were less than a ever, hardwoods were slightly lower and softwoods year ago. somewhat higher in price. Fire losses in the United States and Canada, while 9 per cent greater than in August, were 14 per cent less than in September, 1924. For the first nine months of this year fire losses exceeded those of the corresponding period of last year by 4 per cent. CHEMICALS AND OILS PLYWOOD 1 [In square feet of surface] MONTH, 1925 Bookings Shipments Unfilled orders Imports of potash exceeded and those of nitrate of soda were less than for either the previous month or a year ago. IMPORTS OF POTASH AND NITRATE OF SODA April May June July August September 3, 610, 613 3, 678, 158 3, 855, 390 4, 456, 689 5, 014, 010 4, 571, 384 4, 685, 524 3, 980, 092 4, 420, 218 4, 123, 987 4, 179, 225 4, 973, 545 4, 164, 782 4, 255, 887 4, 440, 400 5, 002, 599 6, 416, 777 6, 627, 911 i Compiled by the Plywood Manufacturers Association from reports of 20 members (only 18 members in April), of which 2 or 3 report on shipments only. These data represent the business of building up veneers into plywood of from 319 8 thicknesses. Details as to kinds of wood and nature of cores are shown in the association's report. The production and shipments of maple flooring were greater and those of oak flooring less than for the previous month, although the production and shipments of both types of flooring considerably exceeded those of September, 1924. Bookings, unfilled orders, and stocks of flooring, on the other hand, declined from the previous month, though exceeding those of a year ago, except in the case of stocks of maple flooring, which were 10 per cent less than at the end of September, 1924. For the first nine months of the current year bookings and shipments of both kinds of flooring were considerably larger than [September, 1925, is latest month plotted] 16 ACID PHOSPHATE 1 {Reduced to tons of 16 per cent available phosphoric acid, which is equivalent to 320 pounds per ton] August, 1925 United States: % Production Stocks, end of2 month . _ . Consumption Northern States:' Production Stocks, end of month Consumption 2 .. . Southern States:3 Production. . Stocks, end of2month Consumption __. September, 1925 September, 1924 285,003 1,471,305 122, 710 301, 348 1, 473, 129 338, 956 260, 777 1,230,052 292, 158 105,836 604,244 92, 724 92,644 424, 753 280, 747 79, 286 428, 191 247,242 179, 167 867, 061 29, 986 208, 704 1, 048, 376 58, 209 181, 491 801,861 44,916 1 Compiled by the National Fertilizer Association from reports of acidulators representing about 80 per cent of the industry; figures in greater detail are obtainable from the association. 2 Figures computed by adding production to stocks at beginning of month and subtracting from this sum the stocks at the end of month, hence indicating disappearance or shipments from plants, and not, actually, fertilizer used. 3 The south line of Virginia projected westward marks the division between the northern and southern States for the purposes of this report. Price indexes of chemicals were, in general, higher than for either the previous month or for September, 1924, exceptions being in the price index for oils and fats, which declined from August, 1925, and in that of crude drugs, which was less than for September, 1924. Keceipts of turpentine and rosin again declined from the previous month, those of turpentine being slightly less and those of rosin slightly greater than a year ago. Stocks of turpentine and rosin were considerably less than for either the previous month or for September, 1924. The production of cottonseed oil and stocks of cottonseed and cottonseed oil continued to increase seasonally and were also much larger than a year ago. Receipts, shipments, and stocks of flaxseed at the two northern markets also continued their seasonal increases and were much greater than in September, 1924. The linseed market, as evidenced by shipments of linseed oil and cake from Minneapolis, was more active than during either August, 1925, or September, 1924, shipments of oil and cake during the first nine months of this year exceeding those of the corresponding period of 1924 by 51 per cent and 60 per cent, respectively. CEREALS The visible supply of wheat, both in the United States and in Canada, continued to increase seasonally, although that in the United States was considerably less than a year ago. Trade in this commodity, as evidenced by the receipts and shipments at the principal markets, was more active during September than during the previous month but was considerably smaller than a year ago. Prices of wheat and wheat flour averaged slightly lower than during August but exceeded those of a year ago. A decline in the receipts of corn at the principal markets was accompanied by a decline in prices as compared with August, 1925, and September a year ago. The^visible supply of corn was also less than for either of these prior periods. Receipts of oats also declined, both from the previous month and a year ago, this decline, however, being accompanied by a marked increase in the visible supply. Prices of oats were 4 per cent less than in August and 20 per cent less than a year ago. Receipts of barley in September exceeded those of the previous month by 25 per cent, while receipts of rye were almost three and a half times as great as in August. Compared with last year September receipts of barley* were 7 per cent greater and those of rye 54 per cent less. Prices of barley and of rye averaged less than in either the previous month or in September, 1924. Trade in rice continued to advance seasonally but was not as large as a year ago. Stocks, however, were almost as great as at the end of September, 1924. Carlot shipments of apples, potatoes, and onions were greater and those of citrus fruits less than for either the previous month or a year ago. MEATS AND DAIRY PRODUCTS Receipts and slaughter of cattle and calves were less than for either the previous month or for September, 1924. Shipments, on the other hand, due to the seasonal increase in demand for stocker and feeder cattle, increased from August, although they were considerably less than a year ago. Total receipts of cattle for the first nine months of this year were slightly in excess of those for the corresponding months of 1924, the increase in cattle and calves slaughtered more than offsetting the decline in shipments. Prices of cattle showed comparatively little change from the previous month, there being a small advance in the price of corn-fed cattle and a decline in that of No. 2 beef steers. Cattle prices were considerably higher, however, than a year ago. The movement and slaughter of hogs was considerably larger during September than during the previous month but was less than a year ago. Receipts of hogs at primary markets for the first nine months of 1924 were 19 per cent short of last year's totaL Cold-storage holdings of pork products were also considerably smaller than at the end of either the previous month or of September, 1924. Prices of hogs and of pork products declined slightly from the previous month but were considerably higher than at this time last ye&r. The movement of sheep was heavier than during the previous month but was 13 per cent less than a year ago. Local slaughtering at the primary markets, however, declined slightly from August and the coldstorage holdings at the end of September were less than for either the previous month or a year ago. Prices of ewes averaged slightly less and those of lambs slightly greater than in August, both classes being higher in price than a year ago. 17 Poultry receipts at five markets were larger than in August but less than a year ago, while cold-storage holdings declined from the previous month, but exceeded those of September, 1925. Cold-storage holdings of fish, on the other hand, increased seasonally from the previous month and were almost as large as a year ago. A decline, both in the receipts and cold-storage holdings of butter, as compared both with the previous month and with September, 1924, was accompanied by an increase in price from both prior periods. Total receipts of butter for the year to date were 5 per cent less than for the corresponding months of last year. Receipts of cheese, while less than in August, exceeded those of a year ago. The total receipts for the year to date were also in excess of last year and the cold-storage holdings at the end of September were larger than those at the end of either the previous month or of September, 1924. The price of cheese, while remaining the same as in August, was 19 per cent higher than a year ago. Receipts of eggs declined seasonally from August but were slightly larger than a year ago. Cold-storage holdings also declined seasonally but exceeded those at the end of last September. Stocks of sugar at the refineries, while 20 per cent less than at the end of August, were greater than a year ago. Prices of sugar showed little change from August but were considerably less than a year ago. A decline in the receipts of raw sugar at Cuban ports was accompanied by an increase in exports, which resulted in a 28 per cent decline in stocks at the end of September as compared with the previous month. Cuban stocks of sugar, however, were more than double those reported at this time last year. Exports of Cuban sugar up to the end of September were 15 per cent, or 500,000 tons, greater than for the corresponding months of last year. RAW SUGAR: IMPORTS, MELTINGS, AND REFINERY STOCKS [September, 1925, is latest month plotted] RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT PRIMARY MARKETS [1919 monthly averages^lOO. September, 1925, is latest month plotted] 300 200 Imports of coffee during September exceeded those for either the previous month or a year ago. For the first nine months of this year, however, imports fell 12 per cent short of those in the corresponding period of last year. The visible supply of coffee was also less than for either the previous month or a year ago. Clearances of Brazilian coffee for the United States declined from August and were slightly less than for September, 1924. Imports of tea, on the other hand, exceeded those of either the previous month or a year ago, total imports for the first nine months of 1925 being 9 per cent greater than for the corresponding months of last year. TOBACCO 20 SUGAR AND COFFEE Meltings of sugar increased over August and were also larger than in September, 1924. The meltings for the first nine months were 8 per cent greater than for the corresponding months of last year. 67301—25 3 The consumption of tobacco, as shown by the taxpaid withdrawals from warehouses, exceeded that of the previous month but except for cigarettes was less than in September, 1924. For the first nine months of 1925 the consumption of cigarettes was greater and that of cigars and other tobacco less than for the corresponding period of last year. Exports of cigarettes were considerably less and those of unmanufactured leaf considerably greater than for either the previous month or a year ago. For the year to date, however, exports of unmanufactured tobacco were 30 per cent less than for the corresponding months of last year, while exports of cigarettes showed a decline of 24 per cent. Sales of loose-leaf tobacco at warehouses increased seasonally andj^were much larger than a year ago. Prices, however, showed little change from either period. RELATIVE CONSUMPTION OF CIGARETTES AND CIGARS [1913 monthly average=100. September, 1925, is latest month plotted] higher than a year ago. Bad-order cars were fewer on September 30 than at the end of either prior period. Shipments of locomotives by the principal manufacturers were less than for either the previous month or a year ago, due to the falling off in domestic shipments. For the year to date total locomotive shipments were 23 per cent less than last year despite an increase in the shipments abroad. Unfilled orders, however, increased from the previous month and were only 6 per cent less than at the end of September, 1924. SHORTAGE, SURPLUS, AND BAD-ORDER FREIGHT CARS [September, 1925, is latest month plotted[ SHIPPING The total tonnage of vessels completed during September was two and one-half times that of the previous month, due to the very much larger tonnage of steel-seagoing vessels, but was less than that reported for September, 1924. For the first nine months of 1925 the tonnage of new vessels was slightly less than that of last year despite an increase in the tonnage of seagoing vessels completed during 1925. fc O 200 RAILROADS Loadings of freight cars showed a decline from August, owing to the latter data comprising a five-week period. Loadings increased over a year ago, but grain, livestock, and fuel loadings were less. For the year to date carloadings were 6 per cent greater than for the corresponding period of last year, all classes except grain and livestock increasing over last year. The number of surplus cars declined during September. Surplus coal cars, however, existed in much larger numbers than in August and were somewhat DISTRIBUTION MOVEMENT Sales by the leading mail-order houses showed the customary seasonal increases and were also substantially greater than at this time last year. Tencent-store chain sales, however, showed little change from the previous month, although they ranged from 10 to 20 per cent greater than a year ago. For the first nine months of 1925 mail-order and 10-cent chain store sales were from 11 to 15 per cent greater than for the corresponding months of last year. LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS [September, 1925, is latest month plotted] 4.000 19 SALES OF ORDINARY LIFE INSURANCE, BY GEOGRAPHICAL DISTRICTS SALES BY MAIL-ORDER HOUSES AND IO-CENT CHAIN STORES [September, 1925, is latest month plotted] [September, 1925, is latest month plotted] 1,000 800 600 400 200 oc Q NATIONAL ADVERTISING IN NEWSPAPERS » O 100 CO (Number of lines for 44 identical cities) Total Automobile advertising Automobile accessories Cigars, cigarettes, and tobacco Financial . Food groceries beverages Hotels and resorts Household furniture Men's clothing Musical instruments Radio and electrical ___.. - - Hailroads and steamships Shoes - Toilet articles and medical preparations _. . Women's wear Miscellaneous - - § *> June July August September 24, 030, 002 18, 933, 978 20, 379, 631 24, 668, 100 3, 299, 019 1, 749, 082 1, 210, 447 1, 074, 855 4,269 249 3, 849, 085 1, 382, 178 1, 331, 776 996, 762 3, 971, 791 6, 275, 985 1, 244, 408 1, 048, 335 653, 293 2, 602, 860 5, 246, 217 1, 488, 319 891, 552 902, 686 2, 922 431 952, 702 425, 731 506,933 106, 665 406 587 883, 297 204, 856 208, 872 38, 370 292 397 464, 355 425, 846 74, 563 49, 372 312, 430 221, 432 1, 037, 279 393, 280 69, 341 743 807 2,530 307 246, 211 2 010,835 132, 712 1, 570 418 42, 479 1 474 620 243, 691 3, 561, 249 84, 467 3, 606, 498 3, 367, 983 34,003 229, 061 2, 990, 192 31,204 2, 593, 891 3, 843, 537 236, 496 4, 696, 639 i eo 40 1 UNITED STATES TOTAL 2 3 4 5 6 20 10 1922 EASTERN MANUFACTURING WESTERN MANUFACTURING WESTERN AGRICULTURAL SOUTHERN FAR WESTERN 1923 1924 1925 September magazine and newspaper advertising exhibited the usual fall increases and were each in excess of last year's figures. Postal receipts both at the largest cities and at other centers were substantially greater than for August and were 10 per cent greater than a year ago. Delinquent accounts as reported by the electrical trade, on the other hand, were considerably less than a year ago. LIFE INSURANCE New insurance issued during September was somewhat smaller, both in number of policies and in the amount of insurance, than that issued during August but was considerably greater in both respects than in September of last year, all types of policies showing the same general tendency. For the year to date, however, the number of new policies was 11 per cent greater and the amount 20 per cent greater than for the corresponding period of last year. Premium collections also declined from August but increased from a year ago. Geographically the decline in ordinary life insurance sales from August was about equally divided, the smallest declines from the previous month, however, and the largest increases from a year ago, being shown in the South. BANKING Check payments for New York City and for the country outside were each 5 per cent greater than in August and were 17 and 14 per cent larger, respectively, than in September, 1924. Cumulative figures showed a 19 per cent gain for New York City and a 12 per cent gain for the country outside New York. During September the Federal reserve hanks reported larger deposits, a greater amount of bills discounted, larger total investments, and an increase in notes in circulation, as compared with the previous month. Total reserves, however, declined slightly and the reserve ratio fell to 72.5, the lowest point it has reached since 1922. 20 BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS [September, 1925, is latest month plotted] 3,000i reported by trading establishments and by agents and brokers. The number of commercial failures, however, was greater and the liabilities reported less than in September, 1924. For the first nine months of 1925, a greater number of firms failed, but the liabilities of such firms were considerably less than for the corresponding months of last year. Manufacturing establishments showed declines in both respects, while trade establishments and agents and brokers showed increases. LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS [September, 1925, is latest month plotted] Member banks also reported an increase in loans^ and discounts and in deposits but showed a decline from the previous month in investments. Compared with September, 1924, Federal reserve banks showed a slight increase in deposits, a very large increase in bills discounted, but a smaller amount of notes in circulation, investments, and reserves, while member banks showed increases in deposits, loans, and investments. Interest rates at New York on call loans averaged higher than in August and were more than double those of a year ago. Kates on commercial paper also increased slightly from the previous month and were one-third greater than in September, 1924. CORPORATION PROFITSl S3 O a> & Railroads, Class I ""3 2 cc "I 11 Machinery a Miscellaneous H 1 Motors and accessories 1 TJ Total railroad and telephone RAILROAD AND TELEPHONE INDUSTRIAL <D P O -a-i H TOTAL INVESTMENTS/ 1921 1922 1923 1924 1925 New securities were issued in somewhat larger amounts in September than in the previous month but fell considerably short of the amount of such issues a year ago. For the year to date, however, the amount of new security issues was 18 per cent greater than for the first nine months of last year. New incorporations, on the other hand, were very much less in September than in August, but were 20 per cent greater than a year ago. The capitalization of such incorporations during the first nine months of 1924, however, was more than one-third greater than during the corresponding months of last year. 1 YEAR Grand total, 9 groups (In millions of dollars) TOTAL LOANS AND DISCOUNTS NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES 365 102 !^ Number of corporations 14 13 15 11 263 193 70 64 48 18 12 22 13 16 12 8 11 36 10 11 10 5 18 34 1,115 4 8 221 6 8 297 5 9 307 3 9 290 979 136 185 36 262 35 277 30 255 35 13 19 [September, 1925, is latest month plotted] 1923 1,613 The year First quarter 338 451 Second quarter _ _ 432 Third quarter _ _ 392 Fourth quarter _ 498 135 163 117 38 27 154 47 47 125 30 43 102 20 46 1924 The year . 1,563 First quarter 378 332 Second quarter __ Third quarter. _. 410 Fourth quarter. _ 443 425 140 107 87 91 98 115 34 46 22 30 20 18 22 21 79 26 20 18 15 50 11 13 14 12 35 9 9 8 9 18 5 5 4 4 30 1,138 9 238 8 225 5 323 8 352 987 151 203 35 188 37 287 36 309 43 1925 Half year First quarter Second quarter _ _ 295 128 167 98 37 61 68 34 34 48 20 28 26 11 15 24 12 12 11 5 6 20 9 11 438 204 234 1 823 376 447 528 248 280 90 44 46 Data from the Federal Reserve Bank of New York. Business failures in September were less both in number and in the amount of liabilities than in August, all classes of firms participating in the decline in the number except manufacturing establishments, while an increase in the amount of liabilities was Prices of stocks and bonds averaged slightly higher during September than during the previous month and were considerably higher than a year ago. Sales. 21 of stocks on the New York Stock Exchange also increased over both periods, while sales of bonds were greater than in the previous month despite a decline in the amount of Government bonds sold. COMPARISON OF WHOLESALE PRICES AND STOCK PRICES [Twelve-month moving averages. September, 1925, is latest month plotted] U.S.DEPT OF LABOR VHOLESALE PRICE INDEX]\ ! i i ! i i iM 1918 I 1919 I 1920 GOLD AND SILVER An increase in the exports of gold from the previous month and from a year ago was accompanied by a decline from the above periods in imports. A further decline took place in the gold receipts at the United States mint, September receipts being 11 per cent less than those for the previous month and 27 per cent less than for a year ago, and the cumulative receipts for the first nine months of 1925 being 4 per cent less than for the corresponding months of last year. The Rand output also declined slightly, both from the previous month and September, 1924, its cumulative output being 2 per cent less than for the nine months total of 1924. Silver production showed a further decline, being 6 per cent less than in August and 16 per cent less than ' i i f i Mi i 1922 1923 I I 1924 i n ii I 1925 I GOLD: SHOWING EXCESS OF IMPORTS AND EXPORTS [September, 1925, is latest month plotted] 1 9 2 1 | ]922 I 1923 | J924 | 1925 22 a year ago, while on the cumulative basis production was 1 per cent less than in 1924. Imports and exports of silver also declined both from the previous month and from September a year ago, the cumulative imports being 12 per cent less than in 1924. A slight further advance in price occurred. year, imports and exports increased 12 to 15 per cent over the 1924 period. IMPORTS AND EXPORTS OF MERCHANDISE [September, 1925, is latest month plotted] FOREIGN EXCHANGE AND TRADE Outside of large increases in the rates on Italy and Brazil, and a decrease of 2 per cent on Belgium, exchange, rates showed little change from the previous month. Except for the Latin countries of Europe, the principal exchanges were all higher than a year ago, the chief increases being in the Latin American and Indian currencies. Imports increased 3 per cent over August and 22 per cent over a year ago, while exports were 11 per cent greater than in August but 2 per cent less than in September, 1924. For the first 9 months of the WHOLESALE PRICES OF NAVAL STORES ' 1914 1913 1915 1916 1917 1920 1919 1918 1921 1922 1923 1924 1925 MONTH Dollars per gallon TURPENTINE 0.425 .453 .455 .458 0.458 .510 .480 .488 0.453 .445 .450 .473 0.573 .578 .530 .553 0.550 .540 .513 .488 0.490 .474 .439 .426 0.755 .709 .720 .773 1.885 1.985 2.238 2.575 0.724 .609 .584 .591 0.909 .903 .869 .866 1.522 1.493 1.548 1.524 1.007 1.022 1.024 .965 0.929 .938 .918 .958 May June July August .408 .405 .398 .383 .460 .473 .498 .480 .488 .435 .430 .420 .410 .435 .415 .468 .520 .448 .420 .428 .507 .636 .700 .622 .831 1.095 1.176 1.724 2.475 1.868 1.599 1.624 .717 .604 .613 .633 .944 1.110 1.207 1.194 1.167 1.046 .943 .951 .901 .844 .837 .893 1.060 .990 .969 1.013 September. October November D ecember .423 .415 .453 .463 .423 .478 .458 .478 .398 .415 .538 .570 .465 .463 .480 .525 .423 .485 .535 .505 .661 .658 .798 .716 1.683 1.600 1.689 1.656 1.473 1.230 1.098 .790 .718 .755 .810 .814 1.298 1.530 1.578 1.403 .971 1.007 .954 .938 .887 .880 .851 .837 1.121 January February... March April Dollars per barrel ROSIN January February March April 5.95 5.75 6.50 5.50 4.00 4.40 4.25 4.15 3.60 3.50 3.40 3.40 5.95 5.75 5.40 5.20 6.60 6.55 6.28 6.00 7.12 6.97 6.59 6.07 14.25 13.46 12.33 12.19 18.59 18.13 18.08 18.50 8.81 7.50 5.85 4.95 5.35 5.33 5.19 5.21 6.12 6.97 6.15 6.23 5.77 5.80 5.73 5.78 8.24 8.28 8.09 7.95 May . June July August 4.75 4.80 4.00 4.25 4.10 4.05 4.20 3.95 3.65 3.20 3.45 3.25 4.30 5.10 5.50 6.65 6.30 6.30 6.00 5.85 7.73 9.98 11.00 11.53 12.05 14.28 16.45 17.85 19.75 16.70 12.41 13.90 5.26 5.05 5.05 4.97 5.30 5.35 5.54 5.99 6.07 5.83 5.82 5.75 5.59 5.53 5.59 5.81 8.91 8.91 9.98 10.89 September October November December 4.20 4.00 4.00 4.10 3.75 3.85 3.75 3.75 3.25 3.70 4.80 6.00 6.15 6.25 6.55 6.80 6.00 6.80 6.85 7.18 13.64 15.16 15.96 14.94 17.33 17.13 17.48 17.07 13.71 12.83 11.83 9.06 5.43 5.60 5.68 5.33 6.36 6.87 6.58 6.22 5.85 5.84 5.78 5.67 6.12 7.16 7.60 7.60 14.19 . 1 Data from U. S. Department of Labor, Bureau of Labor Statistics, and represent average prices in the New York market. Quotations for rosin cover grades common to good. WHOLESALE PRICES OF WOMEN'S DRESS GOODS > 1915 1916 1917 1918 1920 1919 1921 1922 1923 1924 1925 MONTH Dollars per yard January February March April . . _ May June .. July August September October . November December . . ._ - 0.301 .301 .315 .315 0.325 .374 .374 .374 0.558 .558 .558 .606 0.873 .873 .873 .873 0.922 .922 .752 .752 1.055 1.085 1.085 1.085 0.946 .725 .725 .725 0.650 .650 .650 .650 0.725 .738 .750 .750 0.775 .775 .775 .775 0.784 .800 .800 .800 .315 .315 .315 .315 .374 .398 .422 .461 .655 .655 .728 .849 .873 .907 .907 .907 .825 .825 .871 .970 1.085 1.085 1.085 1.085 .725 .725 .725 .725 .650 .650 .650 .650 .750 .750 .750 .750 .775 .775 .775 .775 .800 .800 .800 .800 .315 .315 .325 .325 .485 .485 .509 .534 .849 .849 .849 .849 .907 .922 .922 .922 .970 .972 1.019 1.019 1.085 1.085 1.085 1.085 .725 .660 .650 .650 .650 .655 .725 .725 .750 .775 .775 .775 .775 .775 .775 .775 1 Data represent average prices at the mills for French serge 35-36" as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. 23 VISIBLE SUPPLY OF OATS AND BARLEY 1914 1913 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 MONTH Thousands of bushels January February March April _ 12,283 16,041 17,058 OATS 29,434 25, 999 23,875 15, 129 39, 048 37, 477 30, 477 25, 772 24, 317 22, 738 22, 302 16, 321 46, 837 40, 883 38, 251 31, 412 15, 359 15, 360 19, 897 24, 075 34, 436 31, 267 26,098 23, 740 13, 120 11, 970 10, 203 8,577 36,958 37, 391 37,042 33, 429 71,602 74, 384 68, 920 59, 538 33, 165 29, 937 26, 180 23, 585 18, 712 19, Oil 17, 739 11, 568 77, 579 76, 519 67,509 50, 995 10, 016 16, 778 19, 652 10, 275 8,891 8,062 24,452 14,915 5,298 2,070 3,975 17, 993 14, 658 11, 582 31, 512 18, 957 10, 429 8,829 8,088 22, 672 14,994 10,081 22,090 17, 690 19, 747 21, 133 21, 234 7,028 4,200 4,398 9,532 30, 462 37, 399 42, 148 65, 475 50, 917 44,610 38, 224 40, 073 14,492 9,234 6,138 10, 962 7,427 6,322 3,922 13, 210 37, 520 37, 530 28,020 54,715 37, 310 31, 913 37, 742 38, 636 38, 269 17,452 18,909 25, 248 25, 126 44, 218 51, 430 53, 313 53,645 16,878 20,660 20,956 19, 737 30, 277 26, 859 33,294 37, 473 22, 708 22, 475 19, 124 15, 118 30, 983 37,939 37, 269 36, 096 71, 154 74, 720 72, 852 71, 323 37, 458 36, 461 34,887 34, 725 18, 510 22, 236 19, 858 21, 350 50, 690 71, 157 71, 997 76, 902 69,960 11, 570 May June . . . July August 29,294 September.October . November Denembfir 35, 453 32, 386 37,048 Thousands of bushels BARLEY January.. February March April _ 5,954 5,868 5,931 3,687 8,199 7,267 6,372 3,368 7,542 6,222 4,670 3,162 6,266 6,875 5,700 4,733 7,050 6,390 6,253 5,063 5,224 5,741 6,428 5,989 10, 237 10, 742 12, 421 15,393 3,599 3,415 3,428 3,629 2,983 2,619 2,420 1,956 2,689 2,022 1,587 1,633 2,996 2,704 2,600 2,344 2,495 1,764 1,593 849 3,939 3,850 3,834 2,773 June July August May 2,800 2,904 2,115 2,302 2,647 2,181 1,538 2,003 1,865 1,142 518 732 3,569 3,280 2,342 2,841 2,466 1,951 1,703 3,746 3,575 2,122 1,087 2,085 10, 179 11, 030 9,528 7,352 3,484 2,795 3,061 2,387 1,773 1,782 2,226 3,818 1,310 1,681 819 1,469 1,284 1,163 838 1,642 768 471 293 863 1,809 1,657 1,099 3,367 September October November December 5,182 7,052 8,027 8,427 6,207 7,246 8,563 7,296 3,841 4,656 7,345 7,151 4,450 6,248 7,345 6,831 6,067 6,416 5,643 5,066 3,308 4,088 6,597 7,555 6,021 4,860 3,235 3,500 3,843 3,723 3,700 4,186 4,643 4,223 3,557 2,953 2,224 2,770 2, 753 3,142 2,935 3,310 3,148 3,259 4,700 5,209 5,481 5,282 6,036 1923 1924 1925 * Data from Bradstreet's representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. MANUFACTURERS' 1920 1921 MONTH STOCKS OF POWDERED MILK 1922 1923 1924 January February March April May June July August - . - .. - . -. 1922 CASE GOODS 398 398 327 196 407 402 329 277 358 536 386 261 267 242 243 235 226 245 256 282 470 468 538 1,081 509 639 532 512 369 214 301 329 236 285 153 349 164 170 162 150 342 466 466 549 470 162 1,205 952 815 481 505 485 285 353 374 393 224 778 81 221 214 185 162 319 180 214 527 150 9 2 481 348 327 196 345 402 329 277 355 536 386 261 267 242 243 235 226 245 256 282 509 639 402 386 306 153 164 203 214 261 143 322 164 170 162 150 342 466 466 549 505 485 285 351 319 375 206 369 42 210 195 170 162 319 180 206 527 5,368 15, 286 9,255 7,762 8,126 6,915 5,636 5, 794 1,798 1,688 2,485 1,716 8,446 9,328 9,973 10,207 3,824 3,291 3,094 3,369 BULK GOODS 11, 973 17, 199 11, 488 11, 272 10, 331 8,777 8,590 9,166 2,546 2,934 5,012 3,855 10, 744 12, 136 13, 279 13, 702 5,841 5,137 4,836 5,594 9,174 13, 263 7,813 8,075 12, 127 11,933 12, 950 10,044 10, 719 9,206 8,412 5,719 5,836 6,823 6,763 6,130 13, 819 14, 821 16,003 14, 679 7,831 7,634 7,814 9,228 2,226 6,078 2,348 2,460 8,224 8,155 4,636 4,099 5,399 4,218 2,645 1,916 2,573 2,528 3, 175 2,855 9,909 10, 379 11, 333 11, 461 4,835 4,311 4,614 6,496 12, 791 11, 775 11, 890 12,368 10, 264 8,701 8,616 9,594 4,180 3,634 2,514 2,117 7,702 8,810 7,778 9,290 14, 156 11,827 8,805 8,017 8,107 6,656 4,639 5,249 5,563 7,685 6,108 7,389 9,340 1,958 1,703 717 1,186 3,817 5,544 2,948 7,975 11,091 9,367 6,029 5,259 5,546 January February March . .. April September October November December 1921 UNSOLD STOCKS Thousands of pounds May June July August 1920 TOTAL STOCKS Thousands of pounds September October November December 1925 i Data from U. S, Department of Agriculture, Bureau of Agricultural Economics, covering stocks of powdered milk derived from whole milk, skim milk and unskimmed milk as of the end of the month. 24 INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production, prices, trade, etc., in various groups of industry and commerce. They consist in general of weighted combinations of series of individual relative numbers; often the individual relative numbers making up the series are also given. The function of index and relative numbers is explained on the inside front cover. A condensed form of this table is given on page 7. PER CENT INCREASE (+) OB DECREASE (-) 1925 1924 Mini- Maximum since Jan. 1, 1920 since Jan. 1, 1920 179 73 97 121 152 97 114 149 + 30.7 -2.0 146 216 137 121 241 148 176 136 131 145 62 105 41 0 0 17 74 38 57 80 121 194 86 106 93 128 158 114 92 105 122 196 93 97 85 132 158 102 94 115 128 189 109 104 78 126 166 99 109 117 136 214 102 116 108 136 165 126 94 114 142 212 116 121 109 135 164 122 89 105 126 206 121 5 94 133 161 125 80 98 -11.3 -2.8 + 4.3 -95.9 -13.8 -1.5 -1.8 + 2.5 -10. 1 6.7 + 9.0 + 11.0 95.2 + 20.5 + 5.6 -3.0 + 26.3 26.6 -16.2 1S8 227 143 177 153 245 390 155 190 80 19 58 64 54 30 21 45 94 117 201 88 110 74 122 100 130 143 108 183 94 86 89 89 92 115 141 110 83 125 86 134 73 100 115 134 111 215 96 75 75 111 91 141 147 107 115 109 68 91 88 88 155 143 104 42 105 73 116 78 95 144 139 246 242 254 405 278 170 49 43 58 50 19 19 73 104 141 153 21 21 129 227 107 163 38 43 193 231 161 260 175 88 69 104 113 162 14 25 105 135 105 152 75 56 135 135 164 267 149 61 59 51 20 24 111 108 76 264 87 124 122 90 245 89 119 118 96 215 88 125 124 80 261 106 130 135 129 130 147 160 115 121 182 162 195 127 156 71 64 77 54 32 57 63 69 92 69 71 70 37 101 101 129 71 67 126 71 100 138 131 158 119 100 109 109 117 78 87 138 81 102 143 141 165 115 111 114 114 112 92 95 135 87 102 148 134 164 118 120 128 128 116 95 105 148 82 106 172 152 190 127 156 miim July SepAugust tember July SepAugust tember September, 1925, from August, 1925 September, 1925, from September 1924 PRODUCTION (Relative to 1919 monthly average as 100) RAW MATERIALS Grand total - MINERALS Total Petroleum .............. • Bituminous coal Anthracite coal - -Iron ore * Copper Lead Zinc ..... . Gold _ Silver .. . ANIMAL PRODUCTS (marketings) Total Wool* Cattle and calves Hogs Sheep Eggs* Poultry * Fish Milk (New York) CROPS (marketings) Total Grains * Vegetables* Fruits* Cotton products* Miscellaneous crops * --- -2.8 nr\ — 63. of3.7 + 7.4 + 27.5 n. 4 A 1.6 -5.5 — 4. 9 -16.0 -15. 1 13.4 + 8.0 -7. 1 -2.8 +1_ K.o. oC 5.0 + 25.2 + 3.7 190 151 199 332 234 110 + 81.0 + 11.9 + 89. 5 + 118.4 + 212. 0 + 96. 4 -1. 6 -34. 6 + 23.6 + 27.7 + 33. 7 + 25. 0 131 135 59 231 107 129 132 72 216 105 — 1. 5 + 22. 0 6. 5 -1.9 + 8.4 + 12. 7 25. 0 + 0. 5 + 19.3 121 121 108 91 116 160 89 106 171 162 186 120 118 123 123 103 97 118 159 89 106 182 148 183 123 121 + 1.7 + 1.7 4 6 + 6.6 + 1.7 0 6 0.0 0.0 + 6.4 -8.6 + 1.6 + 2.5 + 2.5 + 7.9 + 7.9 8 0 + 5.4 + 24.2 + 17.8 + 2.3 + 3.9 + 23.0 + 10.4 + 11.6 + 4.2 + 0.8 FOREST PRODUCTS Total Lumber . ........ Pulpwood .. Gum (rosin and turpentine) * Distilled wood 1. 5 MANUFACTURING Grand total (adjusted for working days) Grand total (unad j usted) Foodstuffs Textiles Iron and steel Lumber.. ..... . „ Leather Paper and printing Chemicals, oils, etc _. Stone and clay products Metals, excepting iron and steel Tobacco Miscellaneous . * Fluctuations between maximum and minimum due largely to seasonal conditions. 25 INDEXES OF BUSINESS—Continued Maximum since Jan. 1, 1920 Minimum since Jan. 1, 1920 155 233 189 115 175 91 73 89 58 86 162 239 187 115 175 PER CENT INCREASE (+) OR DECREASE ( — ) 1925 1924 September, 1925, from August, 1925 September, 1925, from September 1924 August September 129 145 95 89 161 133 156 100 87 164 134 145 118 90 165 133 149 104 83 171 142 158 124 78 183 148 160 161 79 177 + 4.2 + 1.2 + 29.8 + 1.3 -3.3 + 10.4 + 10.3 + 36. 4 -12.2 + 7.3 84 70 68 56 89 121 112 82 100 164 120 114 83 102 159 127 119 116 100 157 125 122 87 91 172 125 118 93 91 171 139 133 159 87 167 + 11.2 + 12. 7 + 71.0 -4. 4 -2.3 + 9.4 + 11.8 + 37. 1 -13.0 + 12. 7 116 112 153 40 32 25 44 31 96 46 32 107 46 34 97 51 36 113 52 36 121 52 38 109 0.0 + 5.6 -9.9 + 13AO + 11.8 + 12. 4 126 129 136 135 133 150 * 82 60 59 43 62 88 58 46 78 93 44 83 110 79 67 83 93 56 83 107 102 68 92 106 69 93 117 116 71 83 99 45 85 111 85 79 87 97 65 83 108 105 78 95 109 1 73 94 120 112 82 + 9.2 +12.4 + 12.3 + 13.3 + 11.1 + 6.7 + 5. 1 + 3.3 + 2.8 + 5. 8 + 1. 1 + 2.6 -3. 4 + 15. 5 148 49 69 74 106 87 89 113 + 27.0 + 6.6 366 214 259 187 193 282 186 84 55 119 109 106 109 72 163 72 206 148 128 177 113 172 91 201 152 138 180 108 169 110 210 145 137 189 124 183 104 259 166 136 181 122 195 128 241 171 142 202 120 191 136 243 169 142 202 129 2. 1 + 6.3 + 0. 8 1. 2 0.0 0.0 + 7.5 + 13.0 + 23.6 + 15.7 + 16.6 + 3.6 + 6.9 + 4.0 210 151 80 100 91 123 93 126 119 137 95 124 98 131 122 143 + 24. 5 + 9.2 + 2.5 + 4. 4 85 94 79 80 93 83 98 84 94 81 93 84 82 85 95 81 79 93 87 98 84 96 81 93 84 80 89 89 86 85 93 89 99 89 97 90 91 90 91 90 90 87 85 93 93 99 91 99 91 90 91 90 91 92 87 86 94 95 100 97 100 94 92 92 90 July July SepAugust tember STOCKS (Relative to 1919 monthly average as 100) (Corrected for seasonal variation) Total .. Raw foodstuffs . Raw materials for manufacture Manufactured foodstuffs.. Manufactured commodities (Unadjusted Index) Total _ _ .... _ _ Raw foodstuffs Raw materials for manufacture Manufactured foodstuffs Manufactured commodities UNFILLED ORDERS (Relative to 1020 monthly averages as 100) (Iron, Steel, and Building Materials) Total (8 commodities) Iron and steel _._ Building materials WHOLESALE . TRADE (Relative to 1910 monthly average as 100) (Distributed by Federal Reserve Districts) Grand total, all classes _ Hardware (10 districts) Shoes (8 districts) Groceries (11 districts) Drugs (7 districts) Dry goods (8 districts) Meats. _ _ RETAIL TRADE - (Relative to 1910 monthly average as 100) MAIL-ORDER HOUSES (4 houses) CHAIN STORES: Ten-cent (5 chains) Music (4 chains). _ _ _ . Grocery (27 chains) Drug (9 chains) . Cigar (3 chains) Candy (5 chains) Shoe (6 chains) _ DEPARTMENT STORES: Sales (359 stores) Stocks (314 stores) EMPLOYMENT .. _ (Relative to 1923 monthly average as 100) Number employed, by industries: Total, all classes Food products Textiles Iron and steel Lumber Leather ... Paper and printing Chemicals . Stone, clay, and glass Metals, except iron and steel Tobacco products Vehicles Miscellaneous .. I 3 i n i 6 Tan. 1. 1921 _ '. 87 97 I 84 80 93 91 100 88 95 79 95 84 82 + 1.1 + 2.2 0. 0 + 1.2 + 1. 1 + 2.2 + 1.0 + 6.6 + 1.0 + 3.3 + 2.2 + 1.1 0.0 + 4.6 -5.2 + 3. 6 + 7.5 + 1. 1 + 4.4 0.0 + 10.2 + 5.3 + 19.0 -3.2 + 9.5 + 9.8 26 INDEXES OF BUSINESS—Continued 1924 Maximum since Jan. 1, 1920 Minimum since Jan. 1, 1920 July August PER CENT INCREASE (+) OR DECREASE (— ) 1925 Sep- tember July September, September, 1925, from Sep1925, from August tember August, 1925 September 1924 1 EMPLOYMENT— Continued (Relative to 1923 monthly average as 100) Amount of pay roll, by industries: Total, all classes Food products „. Textiles. Iron and steel Lumber „ __ Leather Paper and printing Chemicals Stone, clay, and glass Metals, except iron and steel Tobacco products__ Vehicles Miscellaneous PRICE INDEX NUMBERS FARM PRICES (Relative to 1009-1014 average as 100) All groups. Gram Fruits and vegetablesMeat animals ... Dairy and poultry., Cotton and cotton seed Unclassified WHOLESALE PRICES Department of Labor Indexed (Relative to 1913) All commodities Fftrrri prod nets Food, etc « Cloths and clothing Fuel and lighting Metals and metal products Building materials. . Chemicals House-furnishing goods Miscellaneous .;._ . federal Reserve Board Regrouping of Department of Labor Indexes (Relative to 1913) All commodities _ Producers' 1goods.. Consumers goods .. .. Total raw products Agricultural products. Animal products Forest products Mineral products Commercial Indexes (Relative to 1013) Dun's (1st of following month) Bradstreet's (1st of following month) COST OF LIVING National Industrla Conference Board Indexes (Relative to July, 1014) All items weighted Food (Dept. Labor). Shelter Clothing Fuel and light . Sundries 81 > 98 72 73 92 78 97 86 94 71 93 77 84 84 96 78 76 93 87 97 87 98 72 93 81 82 86 100 84 77 96 91 101 89 98 74 97 82 85 90 93 85 85 97 85 101 92 99 81 91 90 91 91 93 87 87 97 94 102 94 105 89 92 90 93 90 93 83 85 100 91 103 96 103 87 92 91 91 -1.1 0.0 -4.6 -2.3 + 3.1 -3.2 + 1.0 + 2.1 -1.9 -2.2 0.0 + 1.1 -2.2 + 4.7 -7.0 -1.2 + 10. 4 + 4.2 0.0 + 2.0 + 7.9 + 5. 1 + 17.6 -5.2 + 11.0 + 7. 1 235 283 373 186 215 304 180 110 88 108 91 122 76 74 132 130 142 103 122 215 101 139 141 138 116 123 219 103 133 140 113 115 133 175 100 149 152 178 148 134 186 88 153 157 178 149 139 186 96 144 148 142 143 141 178 90 -5.3 -5.7 -20.2 4.0 + 1.4 -4. 3 -6.3 + 9.1 + 5.7 + 25.7 + 24.3 + 6.0 + 1.7 10.0 248 243 248 346 281 203 300 213 275 208 1S8 114 131 171 162 109 155 121 169 111 147 141 139 188 173 130 169 127 171 112 150 145 144 190 170 130 169 130 171 115 149 143 148 187 168 128 171 131 171 116 160 162 157 189 172 126 170 133 169 143 160 163 159 190 170 127 172 135 169 138 160 160 160 189 169 127 174 136 168 135 0.0 1.8 + 0.6 -0. 5 -0.6 0.0 + 1.2 + 0.7 -0.6 2.2 + 7.4 + 11.9 + 8. 1 + 1. 1 + 0.6 -0.8 + 1.8 + 3.8 -1.8 + 16. 4 247 244 249 138 118 146 147 130 153 150 131 156 149 130 158 160 137 167 160 134 168 160 131 169 0.0 -2.2 + 0.6 + 7.4 + 0.8 + 7.0 249 311 218 375 272 135 122 103 152 165 153 176 114 175 167 154 175 123 175 166 153 164 123 180 166 166 173 154 180 168 168 175 155 185 170 166 169 155 184 172 -1.3 -3.4 0.0 -0. 5 + 1.2 + 9.3 + 3.0 + 26.0 + 2.2 + 3.6 218 227 134 115 155 137 156 139 158 141 164 155 162 153 161 154 0 6 + 0.7 + 1.9 + 9.2 | 205 219 186 288 200 192 155 139 143 153 149 171 163 143 186 171 166 173 163 144 186 176 166 173 164 147 185 174 166 173 169 160 179 175 165 175 169 160 179 175 166 175 168 159 178 176 168 174 0 6 0 6 0 6 + 0.6 + 1.2 -0.6 + 3.4 + 8.2 3 8 + 1.1 + 1.2 + 0.6 27 TREND OF BUSINESS MOVEMENTS The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. These data represent continuations of the figures presented in the latest semiannual number (August, 1925) in which monthly figures for 1923 and 1924 may be found, together with explanations as to the sources and exact extent of the figures quoted. For a few items earlier data are given in more recent issues, as explained in the footnotes. The figures given below should always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the end of the month referred to. For explanations of relative numbers, including base periods, see introduction on inside front cover. 1925 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August* Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July August PER CENT INCREASE (+) OR DECREASE (— ) 1924 Septem- October ber August Sep- * ST tember, ;ember, 1925, 1925, Septem- October from ber from SepAugust, :ember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER W Per cent increase or de^ crease 1924 1925 1925 from 1924 TEXTILES Wool Receipts at Boston: Total Domestic _ Foreign Imports, unmanufactured Consumption by textile mills, grease equivalent Machinery activity, hourly: LoomsWide per ct Narrow per ct Carpet and rug.per ct. Sets of cards per ct. Combs per ct Spinning spindlesWoolen per ct Worsted per ct. Prices: Kaw, Ohio, M blood, unwashed Raw, territory fine, scoured Worsted yarn.. Men's suitings thous. oflbs.. thous. oflbs.. thous. oflbs.. thous. of lbs_. 45,922 38, 378 7,544 20, 802 34,998 20, 559 14,439 34, 449 20,403 7,453 12,950 18,948 thous . of Ibs . _ 40,781 42,149 of hours active of hours active of hours active.. of hours active of hours active 61 52 65 80 65 of hours active of hours active dolls, per lb__ dolls, per lb__ dolls, per lb__ dolls, per yd.. 37,336 32, 660 4,676 8,631 18,986 14,865 4,121 12,129 15, 626 -41.7 +47.5 -63.7 -49.9 11,050 4,576 ! -10.3 +214. 2 16,638 | -45.0 +56.2 244, 069 160, 262 83,807 203, 171 253, 726 113, 521 140, 205 266, 985 +4.0 -29.2 +67.3 +31.4 44,383 40, 064 45,638 54,854 j +5.3 27 383,428 390, 725 +1.9 63 57 68 82 77 69 61 65 85 79 58 54 57 73 68 66 59 65 87 86 74 I 65 ! 72 ! 92 98 +9.5 4-7.0 -4.4 +3.7 +2.6 +4.5 +3.4 0.0 -2.3 -8.1 79 54 79 65 82 70 72 51 86 67 91 79 +3.8 +7.7 -4.7 +4.5 .52 .51 .50 .48 .53 .57 -2.0 -5.7 1.48 1. 750 3.690 12,499 9,716 1 2,807 18,113 17,406 5,885 11, 521 .51 -2.3 -11.1 0.0 0.0 0.0 0.0 1.37 1.700 3.600 1.31 1.650 3.600 1.28 1.650 3.600 .1.32 1.650 3.600 1.36 1.600 3.600 1.44 1.650 3.600 13, 566 159 154 9,927 13, 740 1,893 780 9,266 14,759 7,102 2,332 15, 121 15,386 11, 199 12, 351 947 395 4,136 12,787 4,528 1,845 9,654 202, 468 483, 898 315, 825 448, 665 752,324 483, 266 277, 647 357,380 737, 485 438,373 947,556 532, 629 1,380 866 514 1,721 681 1,040 4,004 866 3,138 1,355 553 802 2,582 516 2,067 4,956 731 4,225 +132. 7 +55.1 +27.2 +67.8 +201.7 +51.8 1,113 2,343 1,099 2,232 2,805 3,883 823 1,898 1,970 2,619 3,358 4,267 +155. 2 +74.0 31,761 7,298 192 84.3 31, 270 6,954 184 80.5 31, 552 7,102 188 83.8 29,011 5,400 143 63.1 30, 154 6,415 170 76.4 31, 079 7,593 201 85.4 69, 364 69, 176 81, 079 71, 630 74, 213 90, 601 +17.2 69,281 39, 153 40,710 52 63,994 37,903 41, 151 50 72, 257 42, 608 40, 711 58 63, 895 35, 951 41, 850 47 70, 547 39, 753 39, 325 54 86,765 44, 331 40, 664 67 +12.9 +12.4 —1.1 +16.0 41,643 44,502 42,366 49,367 43, 224 53, 113 16, 014 12,344 15,758 12, 014 14, 025 12, 471 9,862 13, 171 11,340 13, 205 12,345 417, 603 312,962 402, 103 288, 439 371, 500 488, 596 318, 513 267, 784 325, 279 377, 770 385, 301 251, 728 .234 .248 .234 .238 .225 .236 .215 .220 .278 .293 .222 .244 .231 .245 -3.8 -0.8 .415 .543 .095 .096 182 .423 .547 .095 .104 185 .423 .563 .095 .106 187 .430 .469 .578 .093 .116 199 .432 .556 1.086 .110 193 .449 .543 .087 .103 193 0.0 -2.1 +2.9 +1.3 0.0 +10.5 +1.9 -3.6 +1.1 -3.1 6,246 44, 013 5,894 44, 047 8,408 41, 684 Cotton Production, crop estimate thous of bales Qinnings (cumulative) thous of bales Receipts into sight thous of bales Imports, unmanufactured bales Exports, unmanufactured (including linters) bales. . Consumption by textile mills . bales Stocks, end of month: Total, mills and w 'houses.. thous. of bales.. Mills thous. of bales Warehouses thous of bales World visible, American thous. of bales World visible total thous of bales Machinery activity of spindles: Active spindles thousands Total activity millions of hours Activity per spindle hours Per cent of capacity per cent Cotton finishing: Orders received, gray yardage thous. of yds Billings, finished goods (as produced) thous. of yds.. Shipments, finished goods cases. _ Stocks, finished goods .cases.. Operating activity per ct. of capacity.. Manufactured goods: Cotton cloth exports thous. of sq. yds.. Fabric consumption by tire manufacturers _thous. oflbs.. Elastic webbing sales thous. of yds.. Fine cotton goods: Producton pieces.. Sales _ pieces. . Prices: Raw cotton to producer dolls, per lb__ Raw cotton, New York dolls, per lb_. Cotton yarn— 22/1 cones, Boston dolls, per lb.. 40/13, New Bedford dolls, per lb__ Print cloth dolls, per yd.. Sheetings dolls, per yd.. Cotton goods (Fairchild)... index number.. Silk Imports, raw Deliveries (consumption) thous. oflbs.. bales. . 1 Revised. 4,115 5,194 .096 .108 187 +7.4 +275. 2 +199.0 +63.2 +15.4 +56.8 +26.4 +56.6 5,209 236, 698 7,255 239, 660 +39.3 +1.3 +132. 2 +7.7 +2.0 +10.2 3, 465, 942 3, 958, 408 4,914,535 4, 759, 700 +41.8 +20.2 +9.3 456, 320 678, 883 +48. 8 +2.4 +7.2 +3.5 +7.4 677, 522 372, 436 697, 437 392, 305 +2.9 +5.3 -4.8 -2.0 334, 569 408,363 +22.1 -11.0 +6.5 104, 849 283,983 132, 240 2 11, 170 +26.1 +32.4 -7.6 +14.2 +69.4 +29.3 3, 061, 868 2, 321, 379 3, 765, 688 3, 474, 980 +23.0 +49.7 40, 622 263,529 55, 226 370, 196 +36.0 +40.5 +42.4 +48.3 +0.9 +4.6 +2.1 +10.7 +2.2 +10.6 +4.1 +9.7 +1.4 -3.3 +42.7 +29.5 -5.4 +14.6 2 Eight months' cumulatives, Jan. 1 to Aug. 31. 46, §15 4,989 29,518 6,491 36,366 5,615 35, 508 28 1935 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1924 SepSeptember, tember, 1925, 1925, from October from SepAugust, tember, 1925 1924 August September October August September 35, 598 26, 505 6,321 32, 017 28, 198 42, 708 28, 169 6,615 39,423 30, 075 6,468 42, 260 21, 471 44, 398 22, 667 5,733 +33.4 —0.1 +2.3 +1.1 +31.2 +21.6 89.3 61.4 103.0 89.8 60.0 101.8 91.2 60.8 104.0 68.7 44.5 66.6 76.1 48.2 68.4 81.9 50.0 74.6 +1,6 +1.3 +2.2 +19.8 +26.1 +52.0 1,492 1,575 520 1,083 1,547 565 1,252 1,506 626 1,050 1,439 657 896 1,534 700 -27.4 -1.8 +8.7 251, 737 233, 209 1,506 305, 448 256, 249 243, 071 1,537 302, 630 180, 056 223,904 247, 194 228, 008 3,702 3,864 5,734 3,267 6,796 3, 756 4,133 1,010 1,142 14 1,182 1,047 2,716 1,119 1,223 20 1,136 1,174 2,460 16,042 61, 813 21, 722 43, 664 20, 936 thous. of Ibs. . -thous. of linear yds 2,379 2,022 2,116 2,526 thous. of linear yds.. 1,625 1,878 July CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent in- crease ( } or tdecrease (-) 1925 from 1924 1924 1925 +3.1 +7.5 -14.0 11, 751 13, 993 13, 346 14, 383 3,135 +13.6 +2.8 -11.0 +1.8 +4.2 +2.1 -0.9 +14.4 +8.1 -20.1 -4.2 1, 749, 689 24, 956 1,798,959 2, 282, 318 2, 035, 859 26, 187 +26.9 +16.4 +4.9 5,849 4,452 5,579 +1.5 +7.0 -2.9 +27.5 +0.7 +20.9 +17.0 -5.5 +4.0 +37.4 29, 956 29, 465 34, 374 34, 038 +14.7 +15.5 28, 129 35, 599 +26.6 840 1,106 48 1,149 1,199 1,416 1,017 1,103 21 959 1,473 1,811 +10.8 +33.2 +7.1 +10.6 +42.9 -58.3 -3.9 -1.1 +12.1 -2.1 -9.4 +73.7 42, 421 22, 380 55, 900 18,628 40, 846 16, 286 -29.4 -3.6 -21.9 +12.4 460, 725 224, 341 491,875 232, 677 +6.8 +3.7 2,804 2,377 1,659 1,299 1,893 1,456 2,460 +11.0 +12.3 +48.1 +63.3 20, 036 14, 918 20, 097 16,868 +0.3 +13.1 1,857 1,289 1,396 1,290 2,233 1,375 -38.4 3,498 5,597 +11.0 -1.5 +11.1 -0.6 +10.8 -5.3 -0.2 +37.0 -13.8 +19.3 34, 262 34, 962 42,806 40, 638 +18.6 +22.4 % 4,888 1,410 4,461 1,241 -9.3 -13.0 +15.5 +32.2 25,073 8,758 30, 307 12, 107 +20.9 +38.2 2,053 2,477 619 +0.8 +6.4 +32.8 +13.4 23, 139 27, 105 5,855 +17.1 +3.9 182 81, 490 45.2 +4.2 +7.1 +8.9 +15.6 +30.9 +22.1 166, 956 -8.3 TEXTILES— Continued Silk— Continued Stocks, end of month: At warehouses bales.. At manufacturers' plants _ bales. _ Price, Japanese, New York dolls, per lb.. Silk machinery activity: Broad looms _ per cent of operation.. Narrow looms per cent of operation.. Spinning spindles per cent of operation.. 6,664 18,971 6,076 5,439 Clothing Men's and boys' garments cut: Suits . _ thous. of garments.. 1,632 Separate trousers thous. of garments 1,579 Overcoats ..thous. of garments.. 475 Work clothing: Cut dozen garments 212, 915 Shipments dozen garments 208, 901 Returned dozen garments. _ 1,678 Stocks (end of month) dozen garments.. 335, 640 165,998 292, 392 224, 834 1,923 315, 812 319, 594 2,912 3,107 3,597 3,205 2,645 3,524 Hosiery Production (all classes).. thous. of dozen pairs.. Shipments . . .thous. of dozen pairs.. Stocks... thous. of dozen pairs.. New orders thous. of dozen pairs Unfilled orders . _ _ .thous. of dozen pairs __ 3,697 3,753 6,114 3,332 7,645 3,095 6,265 3,203 4,548 5,565 4,167 6,842 3,533 5,889 4,006 4,980 3,771 Knit Underwear Production Shipments... Returned . _. Stocks New orders Unfilled orders thous. of dozens.. thous. of dozens.. thous. of dozens.. thous. of dozens.. thous. of dozens.. ..thous. of dozens.. 1,033 Burlap and Fibers Imports: Burlap ... .. .thous. of Ibs . Fibers (unmanufactured) long tons. _ 52, 664 Pyroxylin Coated Textiles Pyroxylin spread Shipments billed . Unfilled orders, end of month 1,644 -1.1 +33.0 Fall River Mill Dividends (Reported quarterly) Total . . thous. of dollars Ratio to capitalization. ..per cent per quarter.. 3 3 4 396 4 .890 338 4 .759 4 835 1. 898 -14.6 -14.7 -59.5 —60.0 IRON AND STEEL Iron Ore and Pig Iron Iron ore: StocksTotal thous. of long tons.. At furnaces thous. of long tons.. OnLake Erie docks.thous. of long tons.. Consumption.. thous. of long tons Shipments from mines.thous. of long tons.. ReceiptsLake Erie ports and furnaces thous of long tons Other ports. thous. of long tons Pig-iron production: Total _ thous. of long tons Merchant furnaces thous. of long tons.. Furnaces in blast, end of month: Furnaces number-Capacity long tons per day.. Per cent of total per cent-Ohio gray-iron foundries: Meltings long tons Meltings. per cent of normal-Receipts long tons Malleable castings: Production tons.. Shipments . . tons Orders booked .. tons Operating activity per ct. of capacity. . Wholesale prices: Foundry No. 2, Northern .dolls, per long ton.. Basic (valley furnace). .dolls, per long ton.. Composite pig iron dolls, per long ton.. 1 Revised. 30, 332 24, 720 5,612 34, 605 28, 272 3,842 8,525 6,333 4,020 8,533 6,217 6,228 2,276 38, 424 31, 408 7," 016 4,011 7,656 35, 703 29, 248 7,355 7,004 6,455 2,636 6,690 5,646 5,147 4,974 2,143 1,864 2,088 2,664 2,704 2,726 3,023 627 580 617 653 1,887 474 190 86, 420 48.5 192 88, 250 48.1 200 i 94, 550 52.4 206 97, 950 53.9 63,070 17,117 85.30 15, 353 19, 125 16, 977 14, 180 15, 919 12, 227 20, 044 17, 991 53, 450 51, 384 52, 916 50.1 53, 221 49, 486 45, 142 50.0 54,943 20.26 20.26 20.56 18.00 19.72 76.80 18.00 19.78 150 37.2 15,403 54.20 84.30 50, 621 46, 530 51.7 18.30 1,517 6,165 544 173 72,235 42.9 41, 536 33, 417 8,119 15, 407 25, 054 11, 920 22, 408 11,085 20, 375 12, 528 34,350 39,261 47,305 35, 653 32.4 18.63 7,405 2,927 14,721 54.50 32,501 20.89 38, 998 31, 593 20.89 19.00 20.08 20.66 20.22 3 Quarterly figure, ending June 30,1925. 37, 617 44,884 36.9 21.56 19.00 20.41 64.50 42, 271 52, 485 44.0 +24.6 +29.9 +9.8 +54.7 +25.9 -10.5 +47.1 +62.3 182. 077 133, 319 140, 221 +5.2 +3.2 +39.9 +2.3 +34.6 +3.1 +3.7 +3.4 +40.1 442,802 509,624 +15.1 +11.4 +12.6 +1.5 +1.7 20.37 +1.5 1 Quarterly figure, 21.26 19.00 5,637 443, 201 397, 241 -4.6 -3.7 -1.6 ending Sept. 30. 493, 584 447,208 29 1925 Where available, October data have been included in this table. The cumulaitvea shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" September October 3,424 Steel ingots, production thous. of long tons_. 3,088 3,493 Steel castings: 54, 474 51, 358 48, 827 Total bookings short tons Railroad specialties short tons 19, 953 18, 235 17,008 34, 521 31, 819 Miscellaneous bookings short tons 33, 123 U. S. Steel Corporation: 13, 909 14, 399 14, 093 Earnings thous of dolls Unfilled orders, 3,539 3,717 end of month.. thous. of long tons.. 3,513 Sheets, blue, black, and galvanized: Production (actual) short tons 246, 404 270, 212 295, 810 Production . _ per ct. of capacity. _ 75.5 92.7 87.2 Stocks, end of mo.— 130, 940 114, 577 120, 798 Total short tons Unsold ... short tons._ 42, 081 38, 476 36, 587 223, 454 243,204 262, 050 Shipments short tons Sales. _ _ .short tons.. 252, 871 239, 492 286, 029 Unfilled orders, end of mo short tons.. 475, 950 460, 530 497, 698 Steel barrels: 497, 152 498, 449 510, 869 Production barrels Shipments . barrels.. 506, 894 495, 736 503, 221 Stocks, end of month. barrels.. 44, 631 48, 052 55, 184 Unfilled orders, end of month. barrels.. 1, 109, 383 1, 114, 667 1, 012, 576 Wholesale prices: 35.00 Steel billets, Bessemer. dolls, per long ton-35. 00 35.00 37.45 Iron and steel dolls, per long ton.. 37.39 37.35 2.63 Composite steel dolls, per 100 lbs._ 2.61 • 2.61 Cornposite finished 2.43 2.42 steel . dolls, per 100 lbs_. 2.40 2.00 Structural steel beams.. .dolls, per 100 lbs_. 1.90 2.00 3,893 July August PER CENT INCREASE (+) OR DECREASE (— ) 1924 August September SepSeptember, tember, 1925, 1925, October from from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 1934 1925 Per cent increase (+) or decrease (-) 1925 from 1924 IRON AND STEEL-Continued Crude Steel 2,553 2,828 3,125 36, 363 14, 532 , 21,831 62, 509 29,567 32,942 66, 697 31, 130 35, 567 10, 108 10, 181 12, 236 3,290 3,474 3,525 +5.8 +7.0 190, 436 65.2 217, 981 75.7 247, 222 78.9 +9.5 +6.3 112, 729 42, 635 177, 498 207, 986 236, 614 124, 577 43,001 190, 210 227, 520 274, 325 118, 547 42, 685 229, 771 221, 773 275,953 396, 112 398, 312 45, 429 715, 480 385, 212 389, 064 41, 577 905, 870 34.25 37.61 2.61 37.75 39.36 2.76 2.41 2.00 4J09 +2.0 +23.5 26, 996 32, 412 +20.1 -21.9 -42.5 -3.4 535, 759 262, 552 273, 207 515, 664 199, 741 315, 923 -3.8 -23.9 +15.6 -2.1 +38.4 122, 175 122, 908 +0.6 +35.7 +22.5 1, 906, 079 2, 510, 290 +31.7 +5.4 -4.9 +7.7 +19.4 +8.1 -3.0 -14.9 +37.8 +25.7 +81.4 1, 833, 376 2, 273, 422 1, 664, 937 2, 186, 018 +24.0 +31.3 447, 900 441, 851 47, 626 682, 533 +2.5 +1.5 +14.8 -9.2 +32.6 +29.3 +32.7 +11.8 36.40 39.05 2.72 35.75 38.65 2.68 0.0 -0.1 0.0 -3.8 -4.4 -4.0 2.52 2.20 2.49 2.10 2.46 20.0 -0.8 +5.3 -3.6 -4.8 -4.9 -6.7 -3.9 3, 472, 518 4, 526, 695 +30.4 3, 483, 859 4, 523, 574 +29.8 Iron and Steel Products Exports (selected series) .. long tons.. Exports (total) long tons Imports .long tons.. Structural steel, fabricated: Bookings (prorated) short tons.. Bookings _. per ct. of capacity. . Shipments (prorated) short tons Shipments .. per ct. of capacity. _ Steel plate, fabricated, bookings: Total -. short tons. _ Oil storage tanks short tons.. Steel furniture: Business groupShipments ... thous. of dollars. _ Orders received thous. of dollars. _ Unfilled orders thous. of dollars ._ Shelving — Shipments thous. of dollars.. Orders received thous. of dollars.. Unfilled orders thous. of dollars .. 145, 382 188, 963 57, 099 106,462 136, 754 61, 015 117, 243 135, 989 39, 730 108, 725 133, 540 36, 269 132, 448 158, 560 37, 119 229, 100 79 237, 800 182 232, 000 80 237, 800 82 171, 100 59 203, 000 70 188, 500 65 211, 700 73 188, 500 65 220, 400 76 29, 367 6,381 26, 210 7,500 23,895 8,458 32, 315 15, 827 1,811 1,823 1,446 i 1, 689 i 1, 665 i 1, 358 482 511 399 1453 517 U47 110, 122 138, 670 50, 618 240, 700 83 246, 500 85 1 1 -26.8 -2.1 -27.6 +2.4 +6.9 +68.2 +1.3 +1.3 0.0 0.0 1, 146, Oil 1, 016, 924 1. 401, 170 1, 306, 674 345, 101 616, 176 +23.1 1, 705, 200 +23.1 +12.3 •1, 783, 500 +12.3 20, 386 i 10, 823 23, 237 7,868 -8.8 +17.2 +12.8 -21.9 1,816 1,970 1,535 1,519 1,590 1,194 1,783 • 1, 761 1,185 +7.5 +19.6 +18.3 +23.9 +13.0 +28.6 542 625 512 471 415 334 595 681 327 +19.6 +15.1 +20.9 +50.6 +14.5 +53.3 205, 215 75, 945 -11.3 -6.7 +78.5 1, 943, 000 +13.9 1, 972, 000 +10.6 234, 340 64, 259 +14.2 -15.4 2,811,845 3, 344, 308 2, 901, 536 3, 075, 856 +18.9 +6.0 Machinery Machine tools, orders index number. . Foundry equipment: Sales dollars Shipments .. dollars. . Unfilled orders dollars.. Stokers: Sales ... number. . Sales -' horsepower Agricultural pump shipments: Total thous. of dolls.. Pitcher, hand, etc number. _ Power pumps number Steam, power, and centrifugal pumps: New orders thous. of dolls Shipments thous of dolls Unfilled orders thous. of dolls Patents issued: Total all classes number Agricultural implements number. . Internal-combustion engines number.. Washing-machine sales: Total ...number.. Flee trie number 64.2 68.7 69.3 32.2 29.7 39.2 +0.9 +133. 3 353, 561 352, 603 457, 925 580, 865 388, 371 598, 143 296, 438 351, 121 544, 042 244, 408 284, 607 378, 016 219, 279 234, 769 327, 291 233, 756 261, 047 329, 061 -49.0 +35.2 -9.6 +49.6 -9.0 +66.2 147 58, 719 91 29, 865 119 38, 155 94 41, 931 73 25, 988 104 58, 565 +30.8 +63.0 +27.8 +46.8 827 386, 815 1,050 419, 317 +27.0 +8.4 598 59, 360 3,151 636 63, 995 3,289 1,563 1,498 3,212 1,791 1,428 3,530 1,323 1,461 3,378 3,477 57 48 3,513 50 56 4,281 68 57 76, 267 65, 459 78, 539 64, 040 78, 774 66, 601 485 47, 177 2,380 3,725 63 59 988 945 2,330 973 997 2,264 1, 001 1,152 2,197 -26.1 +36.0 +2.3 +46.5 -4.3 +49.2 10, 026 10, 315 13, 050 12, 004 +30.2 +16.4 3,270 49 62 3,721 63 60 3,276 56 70 +21. 9 +15.0 +36.0 +7.9 -5.0 +1.8 31, 456 451 493 34, 224 570 598 +8.8 +26.4 +21.3 65, 457 56, 066 67, 994 57, 883 67, 925 57, 533 +0.3 +15.9 +4.0 +15.1 547,090 459, 581 662, 185 546,986 +21.0 +19.0 63,800 74, 390 68,989 81,003 -1.0 +5.1 588, 450 667, 153 633, 782 706, 566 +7.7 +5.9 -1.4 +5.2 966,660 +7.2 1,081,990 129, 547 +1.9 -3.4 +49.2 58, 402 578, 183 4 Quarterly figure, ending Sept. J 997,661 1, 137, 589 596, 111 +3.2 +5.1 +3.1 NONFERROUS METALS Copper and Brass Copper: Production68, 507 67, 393 Mines short tons 68, 090 66, 756 73, 074 72, 861 Smelter short tons . 76, 335 76, 571 Refined (North and South America), * 332, 637 quarterly short tons.. 3 337, 302 119, 166 World production, blister short tons.. 124, 926 "I22~6l8~ 124, 970 71.215 60, 944 Domestic shiDments, refined ...short tons.. 65. 208 73. 740 i Revised. « Quarterly figure, ending June 30,1925. 4 316, 197 116, 557 47,726 +5.6 +2.9 30 1935 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through A ug ust. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" August September 88,008 242, 792 52, 354 1,395 77,343 238, 370 38, 285 1,449 73,462 243, 376 34, 516 1,438* 336, 609 350, 091 362, 901 320,958 368,405 338, 083 179, 805 180,603 111. 55 216, 768 202, 586 111. 44 237, 121 234, 057 111. 72 long tons.. long tons. . long tons. . long tons dolls, per lb._ 2, 414 19, 857 6,475 6,735 5,668 3,644 20,000 6,520 7,747 5,665 Retorts in operation, end of month. ..number.. Production short tons Stocks, end of month short tons.. Ore, Joplin district: Shipments short tons.. Stocks .short tons.. Price, slab, prime western dolls, per lb_. 82, 140 47, 583 20, 771 July PER CENT INCREASE (+) OR DECREASE (— ) 1924 October August September SepSeptember, tember, 1925, 1925, October from from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEM- BER 30 1924 1925 Per cent increase ( } or"tdecrease (-) 1925 from 1924 NONFEEROUS METALS-Continued Copper and Brass— Continued Copper— Continued. Stocks (North and South America) — Refined short tons.. Blister short tons.. Exports short tons Wholesale price, electrolytic. -dolls, per lb_. Brass faucets: Orders received . number of pieces.. Orders snipped number of pieces Plumbing fixtures: Sales, tubular— Quantity., ._ number.. Value dollars.. Wholesale price, 6 pieces dollars.. 128,292 249, 795 40, 891 1,322 136,756 233, 742 48, 625 1,292 45, 528 1,293 -5.0 +2.1 -9.8 -0.8 -46.3 +4.1 -29.0 +11.3 401, 826 432, 304 +7.6 243,540 275,309 447, 604 396, 795 460, 664 446, 168 +1.5 +5.3 17 7 -14. 8 3, 305, 099 3, 497, 053 3, 323, 392 3, 938, 059 +0.6 +12.6 275, 725 273, 548 283, 933 190,438 naoo 167,497 143, 267 117.84 174, 822 146, 958 116. 15 +9.4 +15.5 +0.3 +41.6 +63.4 -5.2 2, 109, 160 1, 818, 915 1, 853, 578 1, 713, 834 -12.1 -5.8 2,309 17,642 6,360 5,365 5,611 2,464 15, 770 6,070 6,046 3,454 24,302 4,805 3,351 5,141 3,974 20,233 4,985 5,223 4,860 2,419 18,971 5,090 4,496 5,004 -36.6 -11.8 -2.5 -30.7 -0.4 -41.9 -12.8 +27.6 +2.7 +16.1 49, 160 51, 212 58, 555 58, 203 +19.1 +13.7 85, 576 47, 849 17, 032 86, 556 47,384 11, 796 89, 877 50, 497 7,475 72,1^5 41, 775 50,922 70, 875 40,852 45,720 72, 139 42, 488 38,452 +1.1 -1.0 -30.7 +22.1 +16.0 -74.2 403, 014 436, 008 +8.2 56, 893 19, 920 .0721 75, 130 28,200 .0758 70, 052 22,880 . 0775 73, 727 41,240 .0618 55, 878 45,440 .0618 65,581 43,400 .0632 -6.8 591, 750 +12.2 j -r!8.9 +25.4 -49.6 +25.4 527, 603 .0828 46, 552 7,822 43, 108 95, 731 .0815 i 46, 223 10, 775 42, 588 91, 589 .0919 45, 538 10, 819 46, 381 46, 925 7,770 43, 052 98,277 .0800 47,417 9,355 45, 577 97, 471 .0824 -1.5 -3.0 +0.4 +39.2 +8.9 +7.7 386, 494 68,378 371, 383 419, 576 92, 734 406,464 +8.6 +35.6 +9.4 .0951 44, 638 9,470 43,061 103, 457 .0783 5,184 1,490 3,694 5,442 1,373 4,069 4,621 1,041 3, 580 short tons short tons.. 516 3,091 672 3,233 511 3,003 1, 502 3,222 1,323 3,448 1,129 3,475 -24.0 -7.1 -61.4 -12.9 14, 319 6,790 -52.6 short tons short tons.. 804 7,085 749 7,190 866 7,493 1,674 3,755 1,385 4,708 1,224 5,181 +15.6 +4.2 -37.5 +59.2 14, 401 9, 142 -36.5 number.. number.. 148 49, 962 1127 1 46, 201 122 48, 785 thous. of dolls.. 7,006 i 5, 109 2,517 39, 582 1,648 44,883 1,798 46, 817 1,629 1,430 Tin Stocks, end of month: United States World visible supply Deliveries (consumption) Imports Wholesale price, pig tin Zlnc Lead Production short tons.. Ore shipments, Joplin district short tons.. Receipts of lead in U. S. ore short tons.. Stocks, U. S. and Mexico .short tons.. Price, pig desilverized (New York). dolls, perlb.. .0951 +2.2 +3.5 +18.9 Babbitt Metal Consumption: Total apparent Direct by producers . . Sale to consumers thous. of Ibs.. ..thous. of Ibs . thous. of lbs._ ! —15. 1 —24 2 -12.0 MISCELLANEOUS METAL PRODUCTS Arsenic Crude: Production Stocks Refined: Production Stocks. . _ Fire Extinguishers Shipments: Motor vehicles Hand types.. —3.9 +5 6 Farm Implements Sales in Northwest 3; 772 2,802 1,438 -50.7 -10.2 16,964 25,679 +51.4 35,892 1,393 42,340 1,503 48,373 1,534 +4.3 -9.4 +10.6 +8.4 346, 613 11,637 366, 168 11,473 +5.6 -1.4 FUELS Coal and Coke Bituminous: Production . _ .thous. of short tons Exports . thous. of long tons Consumption— By vessels clearing port thous. of long tons By electric power plants thous. of short tons.. PricesMine average, spot. dolls, per short ton.. Wholesale, Kanawha, f. o. b. Cincinnati dolls, per short ton.. Retail, Chicago _ _ . dolls, per short ton.. Anthracite: Production . thous. of short tons Exports thous. of long tons.. PricesWholesale, chestnut, New York dolls, per long ton.. Retail, chestnut, New York dolls, per short ton.. » Revised 53,203 410 444 361 317 312 351 -18.7 +15.7 2,994 3,294 +10.0 i 3, 166 13,341 3,424 3,016 3,012 3,221 +2.5 +13.7 27,436 28,960 +5.6 1.94 2.05 2.17 2.15 1.99 2.03 2.10 +5.9 +6.9 3.39 8.21 3.39 18.32 3.49 8.89 3.39 3.39 7.85 3.39 7.83 3.39 8.21 +2.9 +6.9 +2.9 +13.5 »8,293 463 » 8, 624 476 394 163 68 7,086 257 7,601 327 7,674 362 -95.4 -65.8 -94.8 -50.2 68, 389 2,636 62,883 2,757 -8.0 +4.6 11.07 11.16 11.27 11.28 11.38 11.47 11.48 +1.0 -1.7 13.88 14.03 15.04 13.78 14.13 14.17 +7.2 +6.4 31 1925 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July August September 602 i 3, 162 64 1934 PER CENT INCREASE (+) OR DECREASE (— ) Septem ber SepSep- tember, tember, 1925, 1925, from from SepAugust, tember, 1925 1924 October August 746 3,181 84 1,006 434 2,446 42 523 2,546 42 631 2,900 56 3.70 6.53 3.00 3.13 3.13 +16.0 +18.2 October CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase ( } or tdecrease (-) 1925 from 1924 1924 1935 7,507 24,901 487 7,125 29, 256 564 -5.1 +17.5 +15.8 534,414 569, 297 +6.5 FUELS— Continued Coal and Coke— Continued Coke: ProductionBeehive thous. of short tons By-product. . .thous. of short tons Exports thous. of long tons Price, furnace, Connellsville dolls, per short ton 532 13,171 64 2.91 3.19 +23.9 +42.6 +0.6 +24.9 +31.3 +100.0 Petroleum Crude petroleum: Production thous of bbls 67,318 Stocks, end of monthTank farms and pipe lines. .thous. of bbls 352, 698 Imports. _ thous. of bbls.. 4,283 ConsumptionRun to stills. .thous. of bbls 67, 577 Oil wells completed .number 1,791 Mexican fieldStorage, Tampico thous. of bbls.. 17, 616 Price, Kansas- Oklahoma dolls, per bbl__ 1,800 Gasoline: Production.. thous. of gals.. 966, 908 Exports thous. of gals.. 104, 857 Consumption thous. of gals.. 963,072 Stocks, end of month thous. of gals.. U,610,790 Price, motor, New York dolls, per gal.. .220 Retail distribution, 21 States.thous. of gals.. 1 329, 171 Kerosene oil: Production thous. of gals.. 193,471 Consumption thous. of gals.. 149, 534 Stocks thous. of gals.. 444, 020 Price, 150° water white dolls, per gal.. .072 Gas and fuel oil: Production. thous. of gals.. 1,444,984 Consumption— By vessels thous. of gals.. 157,071 By electric power plants.thous. of gals.. i 35, 806 Stocks at refineries, end of month _ _ thous. of gals.. 12,352,447 Price, Okla.,24-26atrefineries_dolls.per bbl__ .906 Lubricating oil: Production thous. of gals.. 104, 396 Consumption thous. of gals.. 62, 557 Stocks at refineries, end of month _ _ thous. of gals.. 1 287, 569 Price, Pa., 600° fil., "D" at refineries _ dolls, per gal.. .184 i 66, 887 64,907 61,704 59, 611 59, 937 -3.0 +8.9 1344,304 4,045 343,740 4,027 362, 985 5,762 363, 700 5,354 362,374 4,873 -0.2 -0.4 -5.5 -24.8 60,413 48, 387 -19.9 67,010 1,580 62, 278 1,501 54,658 1,389 53, 617 1,126 55, 779 1,060 -7.1 -5.0 +16.2 +33.3 477,412 11,487 553,005 12, 778 +15.8 +11.2 18,488 1,720 1,550 20,970 1,375 21,413 1,313 21,413 1,250 -9.9 +18.1 750,264 755, 780 760,647 113, 901 108, 685 90,907 718,069 751,499 819,468 1,311,021 1, 229, 606 1,152,374 .175 .188 .170 .140 269, 142 287, 514 268,404 -6.8 -24.4 -8.9 -1.7 -15.8 +20.8 -22.7 +18.2 +23.1 -2.9 6, 641, 374 894,447 5,663,854 8,048,087 938, 176 6, 983, 842 +21.2 +4.9 +23.3 232, 666 134,909 308, 125 .083 +5.2 +21.1 -12.2 +2.8 -6.6 +32.0 +18.4 -10.8 1,811,090 1, 124, 666 1, 858, 730 1, 233, 328 +2.6 +9.7 1,600 972, 689 906, 109 116,481 88,011 931,901 848, 867 11,540,716 1, 514, 150 .202 .170 333, 768 187, 984 148,874 401,490 .072 197, 834 180, 298 352, 656 .074 .077 1,404,459 1, 280, 955 139, 282 131,904 112,089 80, 686 107, 717 82, 676 i 282, 513 283, 925 .161 211,830 136, 544 297, 749 .083 -8.8 +15.0 9, 966, 046 11,429,604 +14.7 173,880 59,024 +11.9 +11.3 +1.8 -39.1 1,328,104 537, 262 1,358,380 328,078 +2.3 -38.9 1, 658, 671 1, 639, 869 1, 611, 586 .781 .920 .933 +0.2 +1.4 +53.8 +14.1 858, 366 564,468 967, 158 648, 135 +12.7 +14.8 1, 167, 211 1,113,911 1,160,683 155, 793 35, 512 12,517,118 2,521,397 1.035 1.050 204,107 133,473 304, 136 .072 155,900 62,948 1.056 .153 .159 153,090 58, 352 92, 761 66, 368 90,228 64,244 97,223 61,801 -3.9 +2.5 +19.4 +28.7 242, 753 243, 883 247, 998 +0.5 +16.4 .165 .179 .186 -5.0 -14.5 AUTOMOBILES Production: Passenger carsTotal . .number of cars United States number of cars . Canada number of cars TrucksTotal number of cars.. United States number of cars.. Canada - number of cars Exports: Assembled— Total . . number of cars Passenger cars number of cars . Trucks _ .number of cars Accessories and parts thous. of dolls.. From Canada— Total .... ..number of cars Passenger cars number of cars.. Trucks ... ... .number of cars Internal-revenue taxes collected on: Passenger automobiles and motor cycles thous. of dolls Automobile trucks and wagons thous. of dolls Sales of automobile accessories and parts thous. of dolls.. Foreign assemblies number of cars New passenger-car registrations: ° Total number of cars Highest price number of cars Second highest . _ .number of cars Third highest number of cars .•Lowest number of cars MisccllHnPiQlls i 358, 554 i 221, 813 i 347, 414 i 214, 383 i 7, 430 i 11, 140 272, 396 262,036 10, 360 255, 232 249, 796 5,436 263, 528 256, 940 6,588 260, 881 254,524 6,357 +22.8 +22.2 +39.4 +3.4 +2.0 +57.3 2, 615, 441 2, 517, 195 98,246 2, 789, 463 2, 680, 324 109, 139 +6.7 +6.5 +11.1 i 41, 773 i 39, 993 1,780 i 37, 713 i 36, 277 1,436 60, 363 57,883 2,480 28, 647 27, 767 880 31, 960 30,609 1,351 32, 475 31, 205 1,270 +60.1 +59.6 +72.7 +88.9 +89.1 +83.6 289,422 275, 982 13,440 376, 678 360, 377 16, 301 +30.1 +30.6 +21.3 20, 859 16, 567 4,292 5,704 33, 240 26, 516 6,724 6,021 22, 814 18, 780 4,034 7,561 13, 914 12,220 1,694 4,596 13, 961 11, 655 2,306 4,829 17, 097 14, 373 2,724 5,534 -31.4 -29.2 -40.0 +25.6 +63. 4 +61.1 +74.9 +56.6 134, 447 114, 110 20, 337 57, Oil 218, 383 180, 037 38,346 62, 436 +62.4 +57.8 +88.6 +9.5 4,284 3,021 1,263 4,431 2,985 1,446 5,547 4,030 1,517 3,147 2,575 572 2,930 2,179 751 4,514 3, 481 1,033 +25.2 +89.3 +35.0 +84.9 +4.9 +102. 0 41,564 32,203 9,361 49, 873 38, 475 11, 398 +20.0 +19.5 +21.8 12, 333 10, 198 11,800 6,156 9,278 7,469 +15.7 +27.2 80, 588 84, 897 +5.3 660 558 1,463 702 545 1,301 +162. 2 +168.4 8,150 6,156 -24.5 36, 899 16, 194 49, 156 15, 596 53, 381 11, 530 48, 380 11,460 37,780 12,019 39, 339 12, 584 +8.6 -26.1 +41.3 -4.1 451, 288 107,222 345, 142 133,878 -23. 5 +24.9 319,964 8,290 54, 777 54, 967 199, 003 2,927 261, 307 8,144 51, 872 49, 056 150, 457 1,778 long tons.. long tons i 43, 041 32, 455 45, 013 33, 413 26, 367 34,992 21, 772 38, 960 26, 801 34,290 38,997 -21.1 -1.6 2 271, 549 230,300 * 320, 747 284, 497 +18.1 +23.5 long tons long tons.. 3 95, 771 382.007 -4.4 -4.2 +21.3 +21.7 218,387 181, 768 274, 947 231, 902 +25.9 +27.6 T>nmbpr of na.rs RUBBER Crude: World shipments, plantation Imports (including tax) _ . Consumption (quarterly) : Total For tires < 91, 534 478,552 i Revised. Eight months cumulatives, Jan. 1 to Aug. 31. « See table on p. 14 of the October, 1925, issue for earlier data. J * 75, 432 < 64, 525 3 Quarterly 4 figure, ending June 30,1925. Quarterly figure, ending Sept. 30. 32 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data or items shown here may be found on pages 29 to 151 of the August, 1925, ''Survey" RUBBER— Continued Crude— Continued. Stocks, end of quarter: Total _long tons. _ Manufacturers long tons Dealers long tons.. Afloat long tons Stocks, end of month: Plantation, afloat long tons Consumption by tire mfrs.-thous. of lbs_. Wholesale price, Para, N. Y _ _ dolls, per lb._ Reclaimed rubber (quarterly) : Production long tons Stocks end of quarter long tons Scrap rubber (quarterly) : Stocks at reclaimers long tons__ Consumption by reclaimers long tons Tires and Tubes Pnuematic tires: Production Stocks, end of month . Shipments, domestic Inner tubes: Production Stocks, end of month. . Shipments, domestic Solid tires: Production Stocks, end of month Shipments, domestic July August 4 4 4 4 3 47, 770 3 22, 525 3 26, 183 3 48, 708 56, 800 53, 197 825 September 62, 400 52, 171 663 3 27, 523 3 8, 820 3 46, 152 3 35, 414 4 4 August September 4 4 4 4 33, 131 24, 668 25, 812 50, 480 46, 745 590 4 October 773 Sep. tember, 1925, October from August, 1925 49, 645 14, 353 36, 407 50, 760 53, 700 43, 921 227 48, 160 40, 385 211 50,600 46, 045 262 BER 30 Sep;ember, 1925, from Sepember, 1924 1924 1935 Per cent increase(+) or decrease(-) 1925 from 1924 —30.6 +9.5 -1.4 +3.5 -33.3 +71.9 -29.1 -0.6 -10.4 -11.0 +6.4 +159. 9 329, 033 431, 532 +31.2 -- — 31, 909 7, 762 * 416, 678 7, 620 +15.9 -12.0 +91.3 +1.9 50, 809 84, 785 +66. 9 74, 809 40, 780 4 4 +62.1 +101. 4 +15.2 +81.3 74, 314 108, 824 +46.4 +6.3 +27.3 -0.8 i o -4.8 +7.3 +23^6 -4.9 -5.2 28, 221 35, 512 +25.8- 27, 241 33, 889 +24. 37, 826 47,053 +24.4 37, 154 46, 145 +33.3 -4.2 -15.2 422 482 +14.2 400 459 +14. g 2 16, 130 2 7, 809 2 3, 337 2 214, 020 4, 736 2 4, 538 -13.1 -39.4 +36. 0- 257, 581 31, 228 126, 677 39, 845 45, 996 289, 123 24, 282 130, 670 63, 153 52, 113 +12.2 -22.2 +3.2 +58.5 +13.3- 10, 733 192, 326 575, 505 953, 861 284, 900 11, 428 205, 075 562, 295 886, 477 306, 485 +6.5 +6.5 +-2.3 -7.1 +7.6 16, 558 62, 789 14, 264 66, 415 -13.9 +5.& 4 3,755 37, 136 22, 498 4,191 thousands thousands . . 4,815 4,624 thousands 4,205 5,446 3, 454 3,293 4,477 3,688 thousands-thousands _ _ thousands 5,658 6,477 5,713 5,440 7,463 5,016 6,761 5,101 4,851 5,758 5,552 5,119 4,177 thousands thousands-thousands 58 112 58 62 125 44 56 136 39 38 146 45 42 142 46 48 145 45 1,587 595 693 2,326 1, 668 656 543 2,297 2,830 28, 780 28, 624 3,921 9,165 27, 055 1,977 12, 872 27, 764 27, 301 4,198 13, 586 26, 719 15, 066 244, 946 197, 628 29, 958 17, 360 247, 093 196, 965 31, 922 18, 206 256, 232 212, 223 28, 112 15, 897 -1.3 -2.2 +1.7 +1.9 +1.8 -2.1 +20.5 +11.2 .156 .194 .161 .198 .163 .194 +0.6 -7.0 +9.9 0.0 6,953 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEM- PER CENT INCREASE (+) OR DECREASE (— ) 1934 1925 . 3, 235 5,761 3,319 3,877 5,338 3,046 5,506 6,039 5,896 7,352 3,531 4,524 -10.7 +5.8 -4.7 -9.7 +8.8 -11.4 4r +24.2 Other Rubber Products Rubber-proofed fabrics: Production— Total. Auto fabrics Clothing fabrics thous. of yds_. thous. of yds_. thous of yds 646 1,206 884 784 1,181 998 HIDES AND LEATHER Hides Imports: Total hides and skins... thous. of lbs__ Calfskins thous of Ibs Cattle hides thous. of Ibs Goatskins thous. of Ibs Sheepskins .. thous. of Ibs Stocks, end of month: Total hides and skins thous. of Ibs. _ Cattle hides thous. of Ibs.. Calf and kip skins _ thous. of lbs_ _ Sheep and lamb skins thous. of Ibs.. Prices: Green salted, packers' heavy native steers dolls, per lb_. Calfskins, country No. 1 dolls, perlb.. Leathcr Production: Sole leather thous. of backs, bends, sides Finished sole and belting thous. of lbs_. Finished upper thous. of sq. ft.. Oak and union harness stuffed sides.. Skivers doz Unfilled orders: Oak and union harness _ sides.. Stocks in process of tanning: Sole and belting -thous. of Ibs. _ Upper _ thous. of sq. ft._ Stocks, end of month: Sole and belting _ thous. of Ibs.. Upper thous. of sq. ft. Exports: Sole thous. of Ibs Upper thous. of sq. ft.. Prices: Sole, oak, scoured backs, heavy, Boston _ dolls, per lb_. Chrome calf, "B" grades.. dolls, per sq. ft.. 2,624 12, 712 6,358 4,755 7,040 6,442 6,095 4,002 3,224 4,870 2,972 5,046 3,469 13, 897 3,879 4,556 -5.5 -0.9 -49.6 -52.9 +40.4 -5.3 -13.4 +105. 1 -37.9 -20.7 259, 078 202, 014 36, 749 20, 315 254, 801 197, 111 37, 814 - 19,876 251, 459 192, 753 38, 456 20, 250 .166 .218 .176 .213 .177 .198 1,293 23, 707 57, 718 99, 889 30, 613 1 1, 279 23, 617 61, 999 i 94, 925 i 30, 662 1,111 20, 701 62,645 96, 548 33, 439 1,169 21, 006 56, 972 86, 013 32, 057 1,225 21, 094 60, 381 95, 348 33, 377 1,351 23, 389 68, 377 101, 167 40. 539 -13.1 — 12.3 +1.0 +1.7 +9.1 -9.3 -1.9 +3.7 +1.3 +0.2 229, 537 i 220, 366 215, 929 200, 031 179, 968 168, 642 -2.0 +20.0 91, 125 135, 871 88, 487 144, 392 88, 202 145, 869 87, 632 125, 322 88, 130 129, 975 88, 504 127, 332 -0.3 +1.0 +0.1 +12.2 134, 726 304, 082 133, 679 295, 988 131, 377 296, 174 144, 681 346, 867 138, 417 334, 819 134, 272 324, 922 -1.7 +0.1 -5.1 -11.5 1,206 7,422 1,716 6,711 1,637 7,991 2,076 6,260 1,817 1,923 7,504 -4.6 +19.1 -9.9 +19.6 .460 .460 .460 .460 .460 .460 .440 .460 .445 .460 .445 .460 0.0 0.0 +3.4 0.0 327 552 348 581 338 576 +2.6 +4.5 +3.7 +7.1 3,279 5,591 3,352 5,738 +2.2 +2.6 25, 473 512 27, 716 480 30, 826 552 +4.1 -12.4 +7.0 -16.5 232, 479 243,353 4,975 +4.7 +5.9 Leather Products Belting sales: Quantity thous. of Ibs 346 352 361 Value thous. of dolls.. 622 588 595 Boots and shoes: Production thous of pairs 24, 758 i 28, 486 29, 659 Export. thous. of pairs 448 458 401 Wholesale pricesMen's black calf, blucher, Mass .dolls, per pair.. 6.40 6.40 6.40 Men's dress welt, tan calf, St. Louis dolls, per pair.. 5.15 5.15 5.15 Women's black kid, Goodyear welt, St. Louis dolls, per pair.. 4.00 4.00 4.00 1 Revised. 2 Eight months cumulatives, Jan. to Aug. 31. 3,887 ' .174 .200 .460 .460 6,679 6.40 6.25 6.25 6.25 0.0 +2.4 5.15 4.85 4.85 4.88 0.0 +6.2 4.00 3.85 3.85 3.85 l 0.0 +3.9 a Quarterly figure, ending June 30,1925. 4 Quarterly figure, ending Sept. 30,1925. 4,697 33 1925 Where available, October data have been included in this table. The cumulative* shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July August PER CENT INCREASE (+) OR DECREASE (— ) 1924 September October August September 359, 165 439, 740 September, 1925, October from August, 1925 September, 1925, from September, 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 1924 1925 4, 344, 283 4, 661, 185 Per cent increase (+ } or decrease (-) 1925 from 1924 HIDES AND LEATHER-Continued Leather Products— Continued Gloves: Glove leather— Production number of skins 442, 059 456, 059 482, 137 Stocks (tanned)— In process number of skins.. 1, 205, 971 1, 167, 838 1, 127, 024 Finished number of skins.. 420, 949 382, 678 343, 559 Gloves cutTotal ..dozen pairs. 196, 614 207, 094 207, 796 Dress and streetImported leather dozen pairs.. 40, 153 44, 315 45, 986 32, 374 Domestic leather dozen pairs 24, 437 31, 932 Work gloves _ . dozen pairs.. 124, 087 129, 176 139,044 525, 459 1, 448, 968 1, 400, 848 1, 365, 963 534, 581 493, 927 404, 552 189, 752 183, 865 194, 368 33, 279 30, 466 126, 007 32, 227 27, 431 124, 207 35, 819 28, 357 130, 192 100, 594 134, 505 212, 666 24, 777 116, 540 128, 183 218, 334 21, 204 114, 737 128, 226 204, 725 24, 527 145, 523 155, 348 194, 882 30, 565 193, 158 i 198, 142 193, 680 190, 358 i 1196, 642 187, 974 41, 534 40, 220 41, 720 107, 752 106, 879 111,163 2.68 2.68 2.68 179, 046 180, 640 52, 840 120, 816 2.53 185, 800 188, 082 48, 888 132, 350 2.51 227, 424 229, 032 48, 562 135, 238 2.51 121, 019 127, 409 145, 002 110, 688 1,869 116, 288 117, 059 120, 408 110, 228 1,475 116, 753 116,743 131, 588 107, 990 908 129, 852 130, 281 147, 467 114, 121 1,677 27, 326 159, 926 31, 054 3.70 28, 631 189, 097 36, 143 3.78 28, 439 196, 716 30, 058 3.78 28, 229 187, 158 33, 575 3.78 610 165 11, 036 93 641 149 11, 751 93 799 93 12, 584 105 +5.7 -3.5 -10.2 +0.3 -3.6 -23.5 +7.6 +9.6 +7.3 -19.5 -30.4 +13.0 1,742,273 1, 816, 885 +4.3 +37.5 -10.9 +11.9 288, 196 282, 594 1, 171, 483 371, 807 282, 372 1,162,706 +29.0 -0.1 -0.7 +0.8 -12.3 +4.0 +4.9 -13.8 +3.9 -17.0 +1.0 -2.3 +4.2 -4.4 -0.1 -0.4 —15.0 +4.0 -16.0 0.0 +6.8 1, 358, 033 1, 262, 468 1, 275, 429 1, 272, 713 PAPER AND PRINTING Wood Pulp Mechanical: Production short tons Consumption and shipments.. .short tons.. Stocks, end of month short tons.. Imports I short tons.. Chemical: Production .short tons.. Consumption and shipments.. .short tons,. Stocks, end of month short tons. . Imports short tons Price dolls, per 100 lbs_. 118, 571 1 99, 794 136, 391 * 129, 329 276, 345 * 246, 691 23, 369 29, 859 Newsprint Paper Production short tons 121,113 120, 902 Shipments _ short tons.. 119, 149 119, 752 Consumption short tons 131, 001 i 135, 054 Imports .. .short tons.. 117, 479 102, 741 968 Exports short tons.. 1,558 Stocks, end of month: At mills ..short tons.. 34, 079 35, 077 At publishers short tons.. 166, 348 i 167, 119 In transit to publishers short tons.. 29, 361 30, 233 Price, roll, f. o, b. mill dolls, per cwt__ 3.70 3.70 2.73 3.70 166, 524 231, 483 It 765, 104 1, 789, 534 1, 823, 464 1, 821, 644 900, 155 994, 166 -6.1 +0.8 +39.0 +3.3 +1.8 +10.4 +0.1 +3.7 +6.4 +9.1 +7.4 +10.2 +7.7 +2.5 +20.0 +105. 8 -22.1 -3.9 +37.7 -18.7 +2.7 +3.3 0.0 -2.1 1, 101, 401 1, 095, 972 1, 205, 419 1, 004, 979 12, 663 1, 123, 498 1, 116, 311 1, 284, 229 1, 056, 391 16, 065 +2.0 +1.9 +6.5 +5.1 +26.9 -0.6 +8.4 -15.8 -21.5 +7.7 +10.4 5,094 1,288 99, 703 5,867 1,196 105, 886 +15.2 -7.1 +6.2 +1.4 72, 703, 538 +1.2 +5.3 1, 606, 933 +14.0 1, 611, 629 +6.0 +2.8 1, 532, 897 +5.8 1, 605, 162 +12.2 70, 695, 604 1, 602, 422 1, 681, 744 -2.8 +4.6 +4.8 +4.5 +4.8 908, 926 960, 344 +5.7 753, 112 804. 362 +6.8 276, 085 332, 383 +20.4 806, 134 898, 558 +11.5 Printing Book publication: American manufacture no. of titles.. Imported no. of titles. . Sales books shipments thous of books Printing activity weighted index number.. 546 79 9,533 191 699 139 12, 042 90 695 117 12, 973 91 Boxboard Operation inch hours 8, 272, 036 8, 012, 001 8, 152, 403 Operation per ct. of capacity.. 94.6 100.4 102.2 196, 522 195, 527 198, 761 Production tons Orders received . . tons.. 216, 013 210, 385 191, 840 Unfilled orders (end of month). tons.. 111,919 119, 248 109, 191 Consumption of waste paper _ tons.. 184, 295 187, 301 187,620 Shipments tons 190, 667 203, 766 202, 238 Stocks (end of month) tons.. 64, 600 52, 072 55, 560 Stocks of waste paper (end of month): On hand. tons.. 160, 099 149, 984 155, 476 11,953 14, 598 In transit _ - . tons _ 13, 366 Unshipped purchases tons.. 34, 358 29, 761 35, 721 Other Paper Book paper: Production short tons . 101, 817 Stocks, end of month short tons.. 61,600 Wrapping paper: 87, 586 Production short tons Stocks, end of month short tons-- 105, 514 Fine paper: Production short tons 35, 143 Stocks, end of month short tons.. 50, 001 All other grades: 94, 629 Production . . short tons Stocks, end of month short tons.. 1 67, 594 Total paper (inc. newsprint and boxboard): Production _ short tons- 636, 810 Stocks, end of month short tons.. 1 383, 388 7, 973, 129 8, 036, 712 8,422,014 100.2 101. 0 96.6 183, 570 188, 669 196, 633 202, 919 168, 299 180, 846 87, 563 122, 927 103, 056 181, 752 182, 521 189, 187 184, 941 191, 203 198, 352 44, 682 48, 935 46, 401 161, 793 17,002 34, 919 172, 240 15, 319 41, 766 175, 946 14, 921 27, 804 +1.8 +1.8 +1.7 -8.8 -8.4 +0.2 -0.7 -6.3 +3.7 -8.4 +20.0 Q 1, 686, 934 1, 689, 259 T -12! 7 -14.5 105, 890 64, 064 103, 772 65, 912 98, 401 49,642 100, 369 47, 160 111,410 48, 103 * 93, 002 * 99, 284 86, 146 90, 591 83, 829 115, 293 89, 114 111, 803 90, 130 104, 867 36, 399 51, 145 35, 750 49, 558 27, 516 49, 295 28, 959 50, 685 33, 125 50, 174 99, 672 65, 612 98, 691 62, 918 90, 135 59, 702 94, 157 57, 194 109, 906 57, 602 -2.0 +3.4 +2.9 +39.8 -7.4 -3.3 -8.8 -19.0 -1.8 +23.5 -3.1 -2.2 +4.8 -1.0 -4.1 +10.0 * 651, 392 1 370, 742 644, 139 348, 377 599, 388 351, 074 617, 474 341, 746 670, 633 333, 622 -1.1 -6.0 +4.3 +1.9 5, 448, 163 5, 806, 079 +6.6 361, 424 280, 261 81, 163 370, 315 290, 698 79, 617 287, 937 219, 141 68, 796 302, 181 231, 066 71, 115 331, 390 256, 410 74, 980 +2.5 +22.5 +3.7 +25.8 -1.9 +12.0 2, 695, 089 2,008,929 685, 560 3, 027, 716 2, 338, 976 688, 730 +12.3 +16.4 +0.5 79 80 81 82 79 68 65 74 52 69 79 77 77 78 +2.6 +55. 8 +2.5 +18.8 0.0 +6.8 Paperboard Shipping Boxes Production: Total.. Corrugated.. Sold fiber Operating activity: TotalCorrugated.. Solid fiber i Revised. thous. of sq. ft.. 340, 608 thous. of sq. ft_. 257, 899 82, 709 thous. of sq. ft per cent of normal.. per cent of normal. . per cent of normal. . 76 75 77 34 1925 Where available, October data have been included in this table. The cumulative* shown are in most instances, however, only through September and, where designated by a footnote, through A ugust. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey*' July August PER CENT INCREASE (+) OR DECREASE (— ) 1924 September October August September SepSeptember, tember, 1925, 1925, October from from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase (+) or decrease (-) 1925 from 1924 1921 1925 710, 432 89,840 792,046 103, 315 +11.5 +15.0 9,581 10,834 42,868 45,898 1,270,427 1,369,429 +13.1 +7.1 +7.8 PAPER AND PRINTING— Continued Other Paper Products Rope paper sacks, shipments... index numberAbrasive paper and cloth: Domestic sales reams.. Foreign sales reams . 136 151 133 165 156 153 -11.9 -14.7 78, 130 11, 407 i 85, 104 18,947 86,448 10,997 70,491 10,916 79,828 8,228 86, 587 8,591 +1.6 +22.9 +8.3 +33.7 38.4 12,332 46.6 U2,391 46.2 12,228 22.4 13,917 28.4 13,782 32.1 13, 607 -0.9 -1.3 +62.7 -11.3 36.1 27.9 34.3 44.1 40.6 40.8 45.9 45.4 47.8 38.1 28.4 37.8 48.7 37.7 44.3 45.8 45.7 48.3 +4.1 +11.8 +17.2 -5.7 +20.4 +7.9 Rental advertisements: 1,109 Portland, Oreg .* . . .number.. 3,759 Minneapolis , Minn number. _ Real estate conveyances (41 cities) number.. 162,256 1,298 9,058 145,571 1,510 8,497 149, 156 1,160 7,611 131,839 1,302 7,508 131, 430 1,299 6,226 150,824 +16.3 -6.2 +2.5 +16.0 +13.2 +13.5 195 194 192 193 194 195 195 199 202 203 196 199 +1.0 +1.0 -4.0 -3.9 205 205 1206 213 211 208 -1.5 -4.3 194 194 194 196 196 195 0.0 -1.0 199 208 201 199 199 209 200 200 200 210 199 200 203 216 207 204 203 216 206 203 204 216 206 202 +0.5 +0.5 -0.5 0.0 -1.5 -2.8 -3.4 -1.5 13, 153 5,643 48,081 7,645 17, 295 4,773 52,096 5,246 13, 262 8,643 46, 790 4,744 8,361 3,967 27, 908 4,401 8,751 4,216 28, 236 4,857 9,664 4,478 32, 143 4,127 7, 251 82,210 8,736 88,594 8,27j) 86, 167 4,968 50, 767 5,234 51, 631 4,195 55,087 67, 166 58, 148 224, 713 57,572 105, 849 22, 693 263,485 33,667 80,171 43,298 250,417 35, 217 41, 151 30, 380 148, 232 31, 771 43,316 35, 222 143, 706 31, 728 48,658 72,743 529,000 67, 996 96,000 589, 690 59,445 79,668 548, 217 37, 613 65,296 354,443 29,622 1,485 23,349 575 25,396 395 31,349 303 BUTTONS Fresh-water-pearl buttons: Production per ct. of capacityStocks, end of month thous. of gross.. GLASS AND OPTICAL GOODS Illuminating glassware: Net orders Actual production Shipments billed per ct. of capacity.. per ct. of capacityper ct. of capacity — BUILDING CONSTRUCTION AND HOUSING Building Costs (Index Numbers) Building materials: Frame house, 6-room, 1st of following mo— Brick house, 6-room, 1st of following mo — Building costs (Engineering News Record), 1st of following month Concrete factory costs (Aberthaw), 1st of following month Construction index:* Frame index number.. Brick, wood frame index number.. Brick, steel frame index number.. Reinforced concrete index number.. 205 Construction and Losses Contracts awarded (36 States): Commercial buildings thous. of sq. ft— Industrial buildings thous. of sq. ft— Residential buildings thous. of sq. ft— Educational buildings thous. of sq. ft.. Other public and semipublic buildings thous. of sq. ft— Grand total thous. of sq. ft.. Contracts awarded, value (36 States): Commercial buildings thous. of dolls.. Industrial buildings thous. of dolls.. Residential buildings thous. of dollsEducational buildings thous. of dolls.. Other public and semipublic buildings thous. of dolls.. Public works and utilities. .thous. of dolls.. Grand total thous. of dollsFire losses: United States and Canada.thous. of dolls.. Great Britain. ..thous. of £ sterling— 23,991 -23.3 +51.5 +81.1 +105. 0 -10.2 +65.7 -2.3 -9.6 84, 913 36, 748 322, 231 48, 036 114,025 47, 285 389, 684 48, 200 +34.3 +28.7 +20.9 +0.3 -5.3 -2.7 +58.0 +66.9 44, 550 542,456 55, 925 664, 154 +25.5 +22.4 55, 969 29,033 166, 199 27,675 -24.3 +90.8 -5.0 +4.6 +85.1 +22.9 +74.3 +11.0 446, 422 261,088 1, 525, 737 295, 657 650, 655 316, 784 1,918,921 331,319 +45.7 +21.3 +25.8 +12.1 38, 310 52,034 344,316 29,991 101, 224 410,091 -12.6 -17.0 -7.0 +55.2 +53.1 +59.2 309, 542 529,612 3, 368, 055 438, 706 670,776 4, 327, 161 +41.7 +26.7 +28.5 29, 612 398 27, 944 510 +8.8 31 3 -14.2 08 266, 026 6, 109 275, 915 5,430 +3.7 -11.1 4, 130, 965 4,323,335 4, 113, 394 4,244,769 4, 105, 794 4,268,344 +4.7 +3.2 +4.0 Lumber Southern pine: Production (computed) M ft. b. m._ 471,480 488,035 481,936 468,236 466, 639 463,009 -1.2 +3.3 Shipments (computed) M ft. b. m.. 473,900 489, 390 491, 568 493, 505 457, 732 493, 650 +0.4 +7.4 Orders (computed) M f t . b . m.. 498,055 501, 976 501,395 482,274 444,856 506,478 -0.1 +12.7 Stocks, end of mo. (computed). M ft. b. m.. 1,189,859 1, 183, 800 1, 181, 906 1,103,006 1,115,375 1,080,026 -0.2 +6.0 Exports (incl. timber) M ft. b. m_. 65,871 49,029 43,993 71, 293 64,893 73, 121 -10.3 -32.2 Price, "B" and better dolls, per M ft. b. m— 44.66 45.31 46.42 39.56 39.92 40.31 ' +2.4 +16.3 Douglas fir: Production M ft. b m 483,012 559,559 568,960 490,622 480, 326 542, 996 +1.7 +18.5 Shipments (computed) M ft. b. m.. 561, 798 553,740 575,227 494, 651 488,383 503, 156 +3.9 +17.8 New orders M ft. b. m.. 582,837 589, 104 564, 484 554, 635 517, 033 637, 898 -4.2 +9.2 Exports, lumber 1VT ft- h TH in i 41, 715 34, 299 49, 225 42, 526 54, 777 45,489 +43.5 Exports, timber M ft. b. m._ 20, 216 20,298 27, 078 36, 202 32, 766 39,092 +33.4 -17.4 Price, No. 1 common. dolls, per M ft. b. m.. 16.50 17.50 16.50 16.50 16.00 16.00 16.50 -5.7 +3.1 California redwood: Production (computed) M ft. b. m.. 37,416 i 47, 182 39, 451 44,089 56, 199 32,907 44, 532 -16.4 +19.9 Shipment (computed) M ft. b. m.. 32, 025 i 47, 941 38, 620 36,641 43, 116 36, 610 32, 755 -19.4 +5.5 Orders received (computed)... M ft. b. m._ 29, 414 i 46, 571 32, 391 38,328 46, 645 33,631 35, 099 -30.4 -3.7 California white pine: Production M ft. b. m. 166, 656 173, 701 167, 244 147, 177 142, 294 126, 115 -3.7 +17.5 Shipments M ft. b. m.. 115, 795 125, 582 129, 970 89, 377 104, 829 102, 239 +3.5 +24.0 Stocks, end of month M ft. b. m.. 584, 721 619,829 641, 152 643, 786 659, 335 673, 923 +3.4 -2.8 Western pine: Production (computed) M ft. b. m.. 179, 468 179,044 176, 021 159, 877 145, 737 147, 659 -1.7 +20.8 Shipments (computed) M ft. b. m.. 154, 981 160, 097 152, 190 147, 774 141, 636 144,203 -4.9 +7.5 Stocks, end of mo. (computed). M ft. b. m.. 996, 619 1, 006, 021 1, 064, 275 1, 077, 246 1, 081, 443 1, 128, 395 +5.8 -1.6 i Revised. • See table on p. 26 of the October, 1925, issue for earlier data. 632,059 630, 125 4, 360, 535 4, 816, 687 4,549,443 5,000,671 4,386,499 4, 993, 955 491, 981 429, 923 396, 913 231, 518 -0.3 +10.5 +9.9 +13.8 1 9 ft -41.7 429,092 339, 945 334, 064 391, 726 352, 337 339, 157 -8.7 +3.6 +1.5 908, 056 643, 878 1, 037, 963 920, 933 +14.3 +43.0 1,291,577 1, 204, 717 1, 377, 220 1,281,801 +6.6 +6.4 35 1935 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July August PER CENT INCREASE (+) OR DECREASE (— ) 1924 September October August September CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 SepSeptember, tember, 1925, 1925, October from from SepAugust, tember, 1925 1924 • 1924 1925 Per cent in- cr ease ( } or tdecrease (-) 1925 from 1924 BUILDING CONSTRUCTION AND HOUSING— Continued Lu mber— Continued North Carolina pine: 39, 305 Production (computed) M ft. b. m._ 63, 504 61, 033 Shipments (computed) ...M ft. b. m.. 43, 729 53, 018 55, 979 Northern pine: Lumber64, 313 Production M ft. b. m._ 63, 407 45, 825 53, 065 50, 465 Shipments M ft. b. m_. 49, 534 Orders received M ft. b. m.. 48, 928 53, 152 42, 994 Lath— Production... M ft. b. m.. 18, 397 15, 356 12, 144 14, 576 11, 144 11, 194 Shipments „ M ft. b. m_. Northern hemlock: Production M ft. b. m,. 24, 298 33, 923 29, 207 Shipments M ft. b. m_- 20,154 20, 890 19, 265 Northern hardwood: 20,811 Production M ft. b. m_. 26, 223 15, 399 Shipments M ft. b. m.. 28, 909 29, 508 35, 640 Walnut lumber: 3,873 Production _.M ft. b. m.. 3,491 2,940 Shipments M ft. b. m.. 3,237 20, 736 Stocks, end of month M ft. b. m._ 20,898 Walnut logs: Purchased M ft. log measure. . 2,880 2,637 Made into lumber and 2,656 2,637 veneer M ft, log measure.. 4,599 Stocks, end of month_._M ft. log measure.. 4,599 Hardwoods: Total stocksTotal hardwoods. _ M ft. b. m.. 802, 349 781, 610 761, 818 Gum M ft. b. m_. 242, 377 231, 784 222, 577 Oak M ft. b. m.. 252, 198 242, 544 228, 742 Unsold stocks— Total hardwoods M ft. b. m.. 653, 174 635, 618 608, 554 Gum M ft. b. m.. 196, 281 184,064 171, 838 Oak M ft. b. m__ 201, 981 194, 514 178, 850 Unfilled orders— Total hardwoods M ft. b. m._ 169, 152 171, 277 176, 217 52, 736 Gum M ft. b. m._ 58, 245 60, 712 Oak - M f t . b. m_. 57, 236 56, 862 56,688 202 Units reporting .. number-201 200 All lumber: Production, 10 species M ft. b. m._ 2, 563, 211 2, 800, 999 2, 737, 912 Exports, planks, joists, etc M ft. b. in-- 158, 369 132, 089 138, 044 Retail yards, Minneapolis Fed. res. dist.— 23, 621 22,545 Sales M ft. b. m._ 17, 492 Stocks, end of month M ft. b. m~ 114, 887 119, 294 109, 370 Composite lumber prices: 40.22 40,16 40.58 Hardwoods dolls, per M ft. b. m_. 29.85 30.15 30.35 Softwoods dolls, per M ft. b. m__ Flooring Maple flooring: Production M ft. b. m._ Shipments M ft. b. m_. Stocks, end of month. __ M ft. b. m._ Orders booked -M ft. b. m._ Unfilled orders, end of month. _M ft. b. m._ Oak flooring: Production . . M ft. b. m._ Shipments M ft. b. m_. Stocks, end of month . M ft. b. m._ Orders booked M ft. b. m._ Unfilled orders, end of month. _M ft. b. m.. 7,962 10, 167 26, 399 12, 172 11, 012 44, 026 48, 029 45, 155 49,904 8,325 10, 569 24,115 53, 417 51, 555 49, 518 44, 191 51, 849 56,042 +4.0 +5.6 +28.2 +26.7 435, 220 437, 234 484, 785 468, 167 +11. 4 +7.1 54, 068 46, 403 52, 188 56, 369 51, 466 42, 313 41, 333 52, 985 39, 696 -27.7 -4.9 -19.1 -18.7 -1.9 +1.6 443, 881 404, 955 400, 509 469, 814 406, 938 370, 851 +5.8 +0.5 -7.4 14, 675 16, 515 13, 290 12, 567 12, 381 10, 108 -20.1 +0.4 -8.6 -10.9 109, 372 120, 752 122, 663 93, 100 +12.2 -22.9 22,982 17, 884 22, 155 18, 368 21, 293 20, 373 -13.9 -7.8 +31.8 +4.9 193, 580 173, 581 177, 668 161, 020 -8.2 -7.2 23, 952 26, 625 19, 732 30, 286 14, 430 32, 856 -26.0 -17.2 -22.0 -2.6 343, 160 255, 884 329, 388 241, 910 -4.0 -5.5 3,660 2,742 3,648 3,255 3,990 3,889 2 26, 463 2 23, 413 2 2 13, 813 13, 605 14, 556 2,061 2,543 3,345 2 2 45, 630 38, 372 39, 968 52, 729 -2.5 +39.5 -4.0 +31.4 -5.7 +21.1 355, 698 114, 594 117, 002 428, 003 128, 518 151, 052 456, 080 138, 168 159, 771 -4.3 +42.2 -6.6 +33.7 -8.1 +18.4 137, 563 44, 138 51, 143 131 132, 838 46, 633 42, 753 151 123, 485 41, 546 39, 738 157 +2.9 +4.2 -0.3 —0 5 +32 7 +30.2 +32.6 +32.5 2, 531, 675 2, 439, 220 2, 509, 998 151, 425 159, 613 157, 877 -2.3 +4.5 +12.2 22, 058, 028 23, 709, 679 -13.5 1, 444, 459 1, 419, 640 40,094 20,999 115, 453 41.77 41.90 29.82 9,453 10,090 49, 686 39, 921 +7.5 -1.7 193,997 8,369 49,498 +24.8 563, 759 174, 274 7,471 45,922 +33.3 25, 237 546, 242 169, 421 188, 942 23, 949 46,282 26, 208 20, 22,9 477, 002 151, 218 163, 697 9,292 10,704 9,766 9,980 2 2 2,997 2,695 111,822 35, 180 39, 574 45, 136 48, 847 50, 262 30.27 6,682 8,374 22, 440 7,553 9,237 +21.4 +16.7 19, 654 2,746 2,348 17, 359 40.54 30.35 32, 134 27, 327 2, 544 2,419 22, 750 11, 534 11, 136 48, 948 41, 082 54, 372 "* 18, 984 107, 827 -22.4 -8.3 -16.7 -5.3 42.19 +1.0 +0.7 -3.2 +0.3 7,707 +11.6 +1.3 -5.7 -15.3 -10.4 +39.1 +27.8 +1.4 +29.3 +8.0 77, 545 72, 404 76, 135 i 77, 392 -1.8 +6.9 71, 133 77, 312 +8.7 29.79 7,761 23, 073 6,864 8,124 115, 484 155, 049 +34.3 36, 125 38, Oil 42, 564 33, 833 42, 253 42, 497 41, 105 34, 657 +27.1 +20.0 -9.8 +18.1 +16.2 301, 821 310, 807 384, 348 383, 122 +27.3 +23.3 36,005 -0.8 -6.8 -6.6 -26.5 -11.9 310, 154 380, 234 +22.6 53, 740 59,844 dollars.. dollars.. 68,888 21,256 26,440 121, 048 40, 648 64, 952 26, 080 115, 352 43,296 120, 088 40, 120 +52.4 +53.7 +4.9 -6.1 729, 236 724, 320 -0.7 dollars.. - . pieces.. 66,976 10,638 i 71, 392 11,863 105,800 17,789 57, 112 98,000 123, 008 19, 751 +48.2 +50.0 +8.0 +5.8 717,402 682,824 110, 358 118, 428 -4.8 +7.3 34,098 30,072 26,569 26, 294 -11.8 .- 91 -3.7 29, 142 -16.5 73, 604 -10.2 -3.9 16, 535 924 +108. 7 59, 496 -18.0 +16.4 -11.4 -5.7 +20.1 +17.9 +53.8 -14.0 219, 062 259,668 +18.5 190, 305 198,211 +4.2 219, 214 8,760 224, 712 10, 732 +2.5 +22.5 1,166,773 1,447,835 +24,1 44, 793 45,368 Wooden Furniture Piano benches and stools: New orders Unfilled orders ShipmentsValue Quantity Brick Paving brick: Production30, 635 Actual thousands _ 79 Relation to capacity per cent.. Shipments thousands.. 34,317 Stocks end of month thousands .. 117, 543 Orders received .thousands . 29, 270 1,855 Cancellations thousands.. Unfilled orders, end of month.. thousands.. 75,389 Common brick: Stocks, end of month227,306 Burned thousands Unburned . thousands.. 92, 267 Shipments ... thousands.. 180, 407 Unfilled orders thousands.. 292. 775 i Revised* 79, 432 81 35, 638 116, 123 33, 209 1,132 77, 662 265,897 89,608 159, 309 301.913 78 29,773 104,286 31, 925 2,362 63, 702 338,857 104, 066 171, 830 252. 511 9,698 74 32,400 97, 407 21, 454 594 76,867 16, 818 25, 833 88 31, 563 86, 875 27, 070 1,536 74, 089 +27.4 +24.5 44,543 +16.1 +70.2 +7.9 +53.6 135,806 226. 529 +11.5 186,977 -16.4 2 Eight months' cumulatives, Jan. 1 to Aug. 31. 261, 800 68, 138 120, 777 256, 017 272, 172 61, 150 111,846 312, 061 36 1925 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through A ugust. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" PEE CENT INCREASE (+) OE DECEEASE (— ) 1924 CUMULATIVE TOTAL FEOM JANUAEY 1 THEOUGH SEPTEMBEE30 Perl centl in- 1 ( crease July August September October August September • SepSeptember, tember, 1925, 1925, October from from SepAugust, tember, 1925 1924 t> or decrease 1924 1925 & from 1924 BUILDING CONSTRUCTION AND HOUSING— Continued Brick— Continued Common brick— Continued. Firms reporting number.. Plants closed down .. number ._ Price, red, New York dolls, per thous.. • 118 12 15.50 113 7 15.27 4,561 4,836 1,725 7,118 4,873 ..net tons.. i 10, 110 . - thous. of dolls.. 1 1, 392 1 15, 451 115 12 14.75 14.75 92 13 13.50 92 22 14.00 111 18 14.00 3,862 4,090 3,770 4,404 4,047 +1.8 +71.4 -3.4 +25.0 -45.5 +5.4 Floor and Wall Tile Production Shipments, quantity Shipments value Stocks, end of month thous. of sq. ft__ thous. of sq. ft thous. of dolls thous. of sq. ft 4,891 2,641 3,913 1,322 6,559 7,398 7,533 1,462 1,821 1,308 2 34, 601 2 30, 001 2 9, 878 2 33, 284 2 33, 054 2 12, 642 -3.8 +10.2 138,754 +12.8 +28.0 Architectural Terra Cotta Bookings: Quantity Value 12,002 18, 550 2,156 12, 341 1,607 i 8, 995 i 1, 013 111,471 i 1, 184 1 9, 526 1954 +20.1 +7.7 +61.7 +82.1 123, 006 113, 392 110,463 120, 841 124, 311 +9.4 +9.6 13,328 16, 738 +25.6 Portland Cement Production . . Shipments .-. Stocks, end of month Prices: Chicago district.* Lehigh Valley.. thous. of bbls__ ...thous. of bbls._ thous. of bbls.. 15, 641 18, 131 13,896 18,383 1 11,952 15, 939 17, 711 i 10, 247 15,992 15,309 15, 128 16, 855 10, 666 14, 519 16, 827 14, 820 17, 160 10, 930 6,073 -2.9 -3.7 -14.8 +9.8 +5.3 +21.1 dolls, per bbl._ dolls, per bbl_. 1.75 1.75 1.75 1.75 1.75 1.75 1.70 1.75 1.75 1.75 1.75 1.75 1.75 1.75 0.0 0.0 0.0 0.0 12, 044 6,362 9,594 6,368 9,730 4,087 6,135 3,711 10, 286 6,010 6,839 6,806 3,818 3,211 +1.4 -35.8 +42.3 +7.0 48,344 75, 378 89, 301 56, 018 +18.5 +15.9 284, 609 12, 276 278, 662 11, 839 291, 549 12, 186 337,398 344,905 333, 121 15, 538 +4.6 +2.9 -15.5 -22.4 2, 559, 898 2, 476, 887 111, 143 -3.2 -16.1 +5.8 +3.1 +19.7 1 16, 419 8,404 Highways Concrete paving contracts awarded: Total thous. of sq. yds.. Roads thous. of sq. yds.. Federal-aid highways under construction, end of month: Estimated cost .. thous. of dolls Distance miles.. 15, 694 15, 712 132,434 Roofing Preparing roofing: Shipments thous. of roof squares Dry roofing felt: Production tons Stocks, end of month tons.. 3,021 3,003 3, 176 2,747 3,192 3,227 -0.5 23, 567 24, 300 22, 360 3,751 22, 794 3,951 23, 272 3,231 18, 171 2,740 19, 245 1,850 20, 445 1,768 +2.1 +20.9 —18.2 +74.6 153, 922 184, 202 number-number . number.. 134, 218 95, 562 140, 008 129, 629 90, 441 129, 113 122, 564 84, 933 121, 235 103, 232 63, 213 90, 955 104, 622 68, 373 93, 878 88, 980 77, 361 -5.5 +17.1 -6.1 +24.2 -6.1 +36.4 number.. number.. number . 148, 428 225, 966 143, 128 140, 391 218, 728 144, 573 205,012 139, 858 104, 308 149, 974 97, 466 103, 002 147, 318 number. . 135, 453 number.. 273, 720 number. _ 138, 879 135, 211 252, 703 141, 633 239, 654 143, 765 115, 767 164, 632 102, 855 110, 666 197, 932 92, 604 215,939 Sanitary Ware Baths, enamel: Orders shipped Stocks, end of month Orders received Lavatories, enamel: Orders shipped . Stocks, end of month Orders received Sinks, enamel: Orders shipped Stocks, end of month Orders received Miscellaneous, enamel: Orders shipped Stocks, end of month Orders, received Unfilled orders, end of month: Baths Small ware 144, 267 140,046 88,913 93,358 105, 497 161, 474 93, 415 -0.4 -6.3 -0.2 +35.8 +39.2 +54.5 1, 048, 251 1, 173, 484 +12.5 +18.5 +11.9 959, 714 1, 211, 855 +26.3 114, 710 +3.6 -5.2 +1.5 +26.5 +21.1 +55.2 1, 138, 385 1, 183, 289 1, 046, 175 1, 204, 960 +3.9 +15.2 678, 693 599, 267 604, 173 542, 452 -11.7 -10.2 95, 717 904, 872 1, 018, 305 910, 198 1, 080, 363 number.. .number.. number 60, 837 176, 506 65, 213 58, 747 160, 085 63, 884 56, 701 151, 433 57, 524 70, 832 114, 550 59, 308 75, 312 132, 121 62, 581 71, 508 158, 351 55,201 -3.5 -5.4 -10.0 -24.7 +14.6 -8.1 number.. number.. 251, 545 117,461 113, 328 260, 171 107, 316 261, 737 169, 394 339, 022 154, 659 286, 783 131, 904 206, 332 -5.3 +0.6 -30.6 -8.7 9,482 61, 798 19, 438 68, 017 30, 525 70, 454 +40.0 -38.4 +51.5 -16.5 138, 351 789, 212 197, 013 949, 311 +42.4 +20.3 852 87, 707 1,252 76, 457 849 102, 371 +8.4 +17.5 -61.8 +44.6 8,633 798, 487 6,164 868, 134 -28.6 +8.7 -45.2 +25.8 2, 253, 243 2, 835, 181 +13.9 +158. 7 12, 343, 582 19, 178, 535 +25.8 +55.4 CHEMICALS AND OILS Imports: 21, 041 29, 451 Potash long tons. . 25, 954 92,082 68, 791 56, 764 Nitrate of soda long tons Exports: 355 ' 441 478 Sulphuric acid thous of Ibs 94,089 110, 558 Total fertilizer long tons. . 120, 171 Dyes and dyestuffs— Vegetable Ibs.. 420, 890 430, 554 235, 796 Coal tar Ibs.. 2, 080, 588 2, 205, 476 2, 511, 898 Price index numbers: 187 190 196 Crude drugs index number. . 175 171 179 Essential oils .index number.. 158 Drugs and pharmaceuticals.index number.. 158 158 111 112 113 Chemicals index number.. 153 158 Oils and fats index number.. 156 Price, sulphuric acid 66° N. Y. index number.. .70 .70 .70 * Revised 230, 995 2, 083, 628 +3.2 -6.7 +4.7 +26.1 0.0 +0.6 +0.9 +1.8 -1.3 +9.1 0.0 0.0 Eight months' cumulatives, Jan. 1 to Aug. 31. 195 191 158 113 158 .70 2 187, 401 355, 104 970, 880 1,079,935 206 134 153 110 149 .70 210 142 157 111 143 .70 212 142 156 110 147 .70 37 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July August PER CENT INCREASE (+) OR DECREASE (— ) 1924 1925 September October August September 3.00 8,112 11, 101 19, 764 728 3.00 8,449 10, 025 18, 070 2,402 3.00 SepSeptember, tember, 1925, 1925, October from from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 1924 1925 Per cent increase (+) or decrease 1925 from 1924 . CHEMICALS AND OILS— Continued Wood Chemicals Acetate of lime: 11,971 Production thous. oflbs_. 11, 449 11, 402 Shipments or use. . thous oflbs 10, 390 Stocks, end of month thous. oflbs.. 16, 804 17, 760 1,231 Exports.. thous oflbs 2,457 1,340 2.75 2.75 Price dolls per cwt 2.75 Methanol, crude: c Production _ gallons.. 600, 696 573, 469 Shipments or used gallons. _ 591, 443 626, 701 Stocks, producers', end of month. .gallons.. 1, 807, 748 1, 597, 933 Purchased by refiners <* gallons-- 395, 832 435, 423 454, 391 Consumed by refiners d gallons.. 645, 490 621, 670 619, 182 Stocks at refineries, end of month d_gallons.. 1, 543, 375 1, 465, 549 1, 362, 188 Methanol, refined: Produced gallons.. 394, 207 525, 683 509, 195 Stocks, end of month, at refineries-gallons.. 554, 262 575, 492 526, 176 Exports gallons.. 28,447 9,881 15, 320 .49 Wholesale price, N. Y dolls, per gal._ .58 .58 Wood at chemical plants: 61, 519 Consumption (carbonized) cords.. 62, 615 Stocks, end of month. cords. _ 463, 904 529, 294 Daily capacity, wood-chemical plants: 4,639 Total in industry _ cords.. 4,639 Keporting .cords.. 3,728 3,776 Shut down cords... 459 423 9,803 12, 047 15, 259 1,367 3.00 +8.9 0.0 -44.2 0.0 444, 612 464, 702 539, 333 525, 756 578, 381 621, 412 1, 797, 729 1, 656, 499 1, 551, 678 .49 -22.4 -27.9 2 90, 111 2 75, 037 2 91, 469 2 86, 962 +1.5 +15.9 17, 247 14, 072 -18.4 24,804,534 24,665,861 24,671,282 24,517,610 -2.9 -3.4 512, 208 303, 092 -40.8 2 520, 859 2 491, 029 -5.7 2 80, 948 269,416 2 111, 999 2 97, 822 +38.4 +40.9 77, 547 .68 19, 747 .68 50, 901 .69 47, 198 663, 715 49, 850 645, 956 57, 624 633, 428 4,609 3,544 909 4,819 3,724 926 4,819 3,784 709 11,029 11, 130 3,481 13, 118 12, 012 3,632 15,962 14, 515 2,881 33,890 34, 235 33,609 16, 101 37, 158 37,062 35, 777 16, 314 41, 030 39, 236 36, 554 18, 194 -4.3 -5.3 -9.3 +4.5 -3.5 -4.3 -7.7 +6.3 298, 670 307, 838 293, 071 313, 234 314, 140 301, 252 +4.9 +2.0 +2.8 +55.0 -15.5 Ethyl alcohol Production thous. of gals.. Withdrawn for denaturation thous of gals Warehouse stocks, end of month, thous. of gals_. 13, 143 16, 240 . 6, 968 18, 550 16,823 7,831 oflbs of Ibs oflbs oflbs 35, 621 35, 545 33, 869 16, 187 37, 436 37, 429 36, 402 16, 585 35, 844 35, 454 33, 020 17, 335 barrels.. barrels.. 42, 703 44, 957 36, 945 58, 437 34, 013 48, 149 26, 367 48, 404 40, 605 43, 567 34, 364 52, 856 26, 858 41, 587 -7.9 -17.8 -1.0 -9.1 232, 562 227, 346 -2.2 barrels.. barrels 134, 609 211, 452 122, 022 202, 247 115, 023 181, 940 100, 264 181, 613 124, 876 274, 605 113, 209 273, 721 92, 962 228, 614 -5.7 -10.0 +1.6 -33.5 790, 358 812, 518 +2.8 _ . thous oflbs thous. of lbs_. 2,525 44, 941 3,486 47, 316 3,923 32, 057 2,085 47,838 1,156 46, 118 2,669 40, 924 +12.5 +239.4 -32.2 -30.5 27, 116 661, 701 41, 288 482, 724 +52.3 -27.0 thous of Ibs thous. of lbs._ 15, 809 14, 704 17, 191 17, 068 19, 328 20, 057 15, 900 15, 857 19, 260 20, 202 20, 054 19, 217 +12.4 +17.5 +0.4 -0.7 174, 274 173, 543 160, 374 157, 164 -8.0 -9.4 Cottonseed stocks, end of month tons.. Cottonseed oil: Stocks, end of month thous. of lbs._ Production thous of Ibs Price, New York dolls, perlb.. 33, 577 189, 542 776, 017 93, 822 390, 049 855, 128 +309. 4 +99.0 5,103 12,815 .114 18,041 33, 846 .113 55, 972 142, 939 .107 44, 222 92, 379 .108 82, 808 +210. 2 210, 341 +322. 3 .113 -5.3 +26.6 +54.7 -0.9 502, 913 819, 597 +63.0 .099 8,258 17, 583 .139 758 364 581 1,412 602 291 5, 593 1,965 2,453 5,515 2,593 3,302 297 146 72 3,664 1,747 1, 063 10, 242 +296. 1 +52.6 6,097 +226. 4 +12.5 2,455 +743. 0 +130. 8 6,794 3,804 12, 916 5,030 +90.1 +32.2 Explosives (Black powder, permissibles, and other high explosives) Production Shipments . Sales _ Stocks. . _ thous thous thous thous Naval Stores Turpentine (3 principal ports) : Net receipts Stocks, end of month Resin (3 principal ports) : Net receipts _ _ Stocks end of month Fats and Oils Total vegetable oils: Exports Imports Oleomargarine: Production _ Consumption _. Cottonseed Flaxseed Minneapolis and Duluth: Receipts . . thous. of bushs Shipments thous of bushs Stocks thous of bushs Linseed oil: Shipments from Minneapolis _ thous. of lbs_. Linseed-oil cake: Shipments from Minneapolis. thous. of Ibs.. 9,380 10, 881 13,840 17, 769 4,188 8,883 18, 564 +27.2 +55.8 78, 163 118, 154 +51.2 14, 624 24, 490 24, 916 33,958 9,388 15, 955 29, 281 +1.7 +56.2 118, 308 189, 685 +60.3 Vegetable and Animal Oils (Reported quarterly) Crude vegetable oils: «344,221 +3.8 +21.4 1, 261, 205 1, 622, 280 *4 417, 715 Production thous. oflbs.. 3 402, 373 -13.3 +17.5 1, 455, 016 1,804,750 « 391, 898 460, 574 Consumption . ... thous oflbs 3 531, 093 4 « 217, 062 -5.9 +27.0 275, 656 Stocks. ..thous. oflbs.. 3 292, 822 Refined vegetable oils: 4 +31.2 -18.0 745,445 1, 001, 652 « 164, 771 216, 102 Production thous. oflbs.. 3 263, 632 4 968,760 674, 186 « 242, 193 +19.4 +46.5 354, 963 Consumption thous. of bis.. 3 297, 331 4 -72.2 +12.7 « 72, 298 82. 187 Stocks thous. of lbs_. 3 295, 618 2 d Eight months' cumulatives, Jan. 1 to Aug. 31. \ See table on p. 17 of the October, 1925, issue for earlier data. 8 Quarterly figures, ending Sept. 30,1924. Quarterly figures, ending Sept. 30,1925. Quarterly figures, ending June 30,1925. +28.6 +24.0 +34.4 +43.7 38 Where available, October data have been included in this table. The cumulative* shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" PER CENT INCREASE (+) OR 1924 1925 DECREASE (— ) CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase (+) or decrease (-) 1925 from 1924 Sep- July Septem- August October August September, tember, 1925, Septem- October 1925, from ber from SepAugust, tember, 1924 1925 +60.1 502, 285 597, 600 815, 654 871, 554 -51.7 +350. 7 —28.7 —5.1 -35.9 +126. 5 2,888 5,723 -1.8 -4.7 -8.9 138, 221 298, 508 . 143, 187 278, 746 +3.& -6.fr -18.0 -17.9 88,421 89, 484 73, 717 74,885 -17.6 -15.3 -13.9 +4.6 -9.1 +8.8 +52.3 -31.9 493, 632 288, 692 541,854 317,617 +9.8 +10.0 45, 312 83, 631 69. 464 112, 207 +53.3 +34.2* 1,874,105 1, 477, 928 453, 575 439, 818 -21. 0 -3.0- -8.9 -10.3 +19. 9 +11.5 -7.1 -13.8 296, 895 198, 854 270, 984 175, 723 -8.7 -11. & +25.7 +25.4 1, 544, 406 785, 251 1, 921, 606 922, 640 +24.4 +17.5. +6.1 +368. 7 +246. 0 +49.0 3,761 1925 1924 CHEMICALS AND OILS— Continued Vegetable and Animal Oils— Continued (Reported quarterly— Continued) Cottonseed oil, crude: Production thous. of Ibs 3 144, 568 Consumption thous. of Ibs 3222,938 Stocks _ thous. of Ibs. _ 322,669 Peanut oil— Crude and virgin; Production thous. oflbs.. M,091 Consumption _. . . thous. of Ibs.. 8 2 168 Stocks... thous. of Ibs. _ ' 1, 319 Coconut or copra oil, crude Production thous. of Ibs 3 47, 521 Consumption thous. of Ibs. . • 82, 210 Stocks. thous. of Ibs. . 3 49, 701 Corn oil— Crude: Production . . thous. of bis 3 23, 321 Consumption thous. of Ibs 8 19, 413 Stocks thous. of Ibs.. 3 6, 560 r Linseed oil: Production . . . thous. of Ibs 3169,980 Consumption thous. of Ibs 3 109, 271 Stocks . . thous. of Ibs 3 126, 888 Fish oil: 3 Production . . . thous. of Ibs 8 673 Consumption thous. of Ibs.. 3 35, 553 Stocks _ .. thous. of lbs_. 3 55, 086 Animal fats: Production.. thous of Ibs.. 3 478, 809 Consumption thous. of Ibs 3 142, 698 Stocks.. __ thous. of Ibs. . 3 178, 686 Greases: Production thous. of Ibs 3 90, 127 Consumption . thous. of lbs._ 3 53, 826 Stocks thous. of Ibs.. 3 45, 713 Derivatives: Production thous. of Ibs.. 3 613, 837 Consumption thous. of Ibs.. 3 278, 202 Stocks thous. of Ibs. . 3 135, 996 4 4 +29.4 - — 8 176, 817 8 104, 709 -31.3 8 44, 116 --"""-- +146. 9 187, 023 153, 169 55, 972 4 4 1, 974 * 1, 545 4845 «438 «1,628 8373 4 46, 135 * 11 0,161 4 36, 338 8 46, 971 8 106, 119 8 39, 900 -2.9 +23.1 -26.9 24, 452 24, 960 6, 239 8 29, 835 8 30, 395 * 5, 169 +28.6 146, 306 98, 448 86, 437 « 139, 862 s 90, 521 s 56, 773 4 4 4 4 4 4 4 4 4 4 4 4 4 4 +39.1 +10.5 +51.0 -15.3 -1.0 -43.0 -22.5 -10.0 -31.6 8 91, 529 « 57, 873 « 49, 253 632, 156 307, 288 105, 470 « 502, 733 8 245, 045 111, 269 4 1 +20.7 * 31, 797 +409. 9 8 31, 467 -2.2 « 48, 720 --------- +33.6 82, 087 64, 555 42, 452 4 -4.9 « 523, 273 s 156, 892 5 148, 881 405, 503 141, 268 101, 805 4 4 44, 229 34, 756 73, 574 +4.8 +46.3 +26.9 +3.0 +10.5 -22.4 -5.2 +62.4 +45.8- 11, 330 +292. 3" 7,170 +25.$ Oil Seeds and Nuts Reported quarterly 1 Peanuts, hulled: Consumption Stocks Copra: Consumption Stocks _ Corn germs: Consumption Stocks. _ . . Flaxseed: Consumption Stocks.Animal glues: Production Stocks __ ._ short tons . short tons 4 35, 584 9, 473 8 35, 641 « 12, 113 -3.4 -31.5 -0.2 -21.8 107, 452 110,378 42, 832 415 853,090 -7.4 -24.8 -19.3 -16.7 157, 152 137, 077 -12.8 219, 006 79, 361 8 211, 392 s 14, 875 -14.3 +3.6 743, 621 819, 091 +10.2- —13.6 —5 6 +2.1 —8 1 73, 330 69, 843 -4.fr -16. ff -8.S 4 4 4 4 498 4 4 thous. of Ibs 323,837 ..thous. of Ibs . 3 51 849 13, 014 +246.0 «762 4 8328 short tons 3 36, 847 short tons.. 8 13, 822 short tons.. 3 46, 250 ..short tons _ 3552 short tons 3 255 592 short tons . 3 63, 182 8614 2, 878 1, 135 3 2 712 4 +25.6 +433. 5 8 20, 178 s 53, 211 20, 603 48, 926 ; +2.7 FOODSTUFFS Wheat Production, monthly estimate:8 Winter thous. of bushs.. 415, 697 Spring thous. of bushs . 283, 872 Total thous. of bushs.. 699,569 Visible supply: United States thous. of bushs.. 33, 248 Canada thous. of bushs.. 22, 513 Eeceipts, principal markets.. -thous. of bushs.. 41, 783 Shipments, prin. markets thous. of bushs.. 22, 693 Exports: United StatesWheat only . thous. of bushs 1 9, 288 Including wheatflour.thous.of bushs. . 12, 777 CanadaWheat only . thous. of bushs 13,097 Prices: No. 1, northern, Chicago.. dolls, per bush.. 1.591 No. 2, red winter, Chicago .dolls, per bush.. 1.589 415, 697 281, 575 697, 272 38,167 7,586 43,342 590, 037 282, 636 872, 673 415,697 281, 575 697, 272 49, 651 76, 239 36, 045 76,537 19, 789 92, 987 88, 291 13, 501 82, 075 58,482 96, 528 +42.9 -38.2 52, 099 +669. 4 +332. 3 88, 022 +33.5 -29.5 72, 066 +1.8 -51.9 305, 712 203, 823 254, 851 185, 907 27, 652 54, 543 58, 366 57, 862 28, 151 7,901 11, 832 9,391 9,751 16, 835 21, 106 32, 662 39, 244 45, 128 53, 538 +18.9 -17.6 -71.2 -75.2 75, 553 125, 642 111,257 15, 336 15, 876 8,184 10, 268 14, 288 +3.5 +54.6 143, 513 88,601 -38.$ 1,639 1.680 1.555 1.667 1.356 1.315 1.350 1.343 1.486 1.528 361, 047 77, 899 6, 425. 414 343, 857 74, 922 5, 968, 666 -4.8 -3.* -7.1 24,508 1.549 1.635 52,826 77, 656 +2.8- -11.4 -5.1 +15.2 -0.8 +24.1 Wheat Flour (Bureau of the Census} Wheat, ground thous. of bushs 45, 645 40, 651 1 42, 817 45,434 47,857 51,863 +6.6 Production, wheat flour ..thous. of bbls_. i 9, 292 9,874 8,840 9,842 10, 459 11,371 +6.3 Production, grain offal tbous of Ibs 708, 349 1 754, 446 827, 076 799, 698 823, 390 977, 381 +9.6 52 Per cent of capacity operated per cent.. 56 61 64 58 65 +8.9 1 Revised. 8 Quarterly figures, ending June 30,1925. 4 Quarterly figures, ending Sept. 30, 1925. * Quarterly figures, ending Sept. 30,1924. «Total crop estimated at first of month following that indicated. Data for a year ago represent final estimate of the 1924 crop. -4.6 -5.6 +0.4 -4.7 39 1935 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey " PER CENT INCREASE (+) OP. DECREASE (-) 1924 September SepSeptember, ember, 1925, 1925, October from from SepAugust, tember, 1925 1924 August September 10, 377 7,801 7,700 11,049 10,676 7,400 12, 501 10, 701 8,400 11,812 10,598 7,500 13,798 11, 160 8,675 13,404 11,107 9,100 775 815 874 685 800 661 949 626 1,463 967 1,872 1,145 8.650 8.831 8.310 8.263 7.538 7.440 8.013 -5.9 +11.7 6.950 7.570 7.431 7.410 6.225 6. 059 6.669 -1.8 +22.6 5,960 667 7,663 727 7,143 1,062 6,409 957 7,745 1,010 9,558 1,097 +53.2 +46.1 1,340 8,581 525 8,056 1,029 9,347 1,828 7,519 1,601 15,043 2,451 12, 592 1,426 14, 798 1,217 13, 581 1,737 15, 157 2,357 12, SOD 2,143 15,945 2,568 13,377 +55.6 +60.9 +34.1 +67.5 2,209 12, 881 8,693 7,037 782 5,612 19,340 10,749 6,433 2, 436, 513 802 6,400 21,428 11,937 6,368 .828 1.170 1.163 18,918 64, 926 27, 561 11, 403 217 .402 .528 July October August CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEM- BER 30 Per cent increase ( -y or decrease (-) 1925 from 1924 1924 1925 -9.4 -6.1 -3.2 96,487 83,493 90, 379 80, 640 -6.3 -3.4 -8.5 -45.3 -3.5 -31.6 11, 088 8,598 11, 852 7,043 +6.9 -18.1 -7.8 +5.1 65,333 9,183 55, 785 6,616 -14.6 -28.0 -7.8 -0.8 +4.0 -1.6 14, 640 137, 726 40, 639 97. 087 12, 391 81, 437 16. 448 64, 989 -15.4 -40.9 -59.5 -33.1 729 8,497 19, 511 11, 826 6,926 +46.1 +54.6 -17.1 -7.6 -29.2 -41.3 -11.3 -30.3 +6.0 -7.3 17,934 7,538 -58.0 214,461 140, 076 57, 466 163, 126 106, 617 50,241 -23.9 -23.9 -12.6 1.105 -12.8 -21.2 55, 710 48,006 662 39, 149 66,564 2,735 -39.6 -47.5 +29.8 -37.1 -11.2 +848.5 187,047 185, 555 +0.8 .497 .522 -4.1 -19.9 13,965 1,955 12,296 5,315 +25. 7 +7.4 +99.5 +365. 6 .866 .908 FOODSTUFFS— Continued Wheat Flour— Continued (Russell's Commercial News) Production . thous. ofbbls _ Consumption. thous. ofbbls.. Stocks, all positions . . thous. of bbls.. Exports: (Department of Commerce): United States thous of bbls Canada thous. of bbls Wholesale prices (Dept. Labor): Flour standard patents, Minneapolis dolls, per bbl_. Flour, winter straights, Kansas City. dolls, per bbl__ Canadian Milling Grindings: Wheat thous ofbbls Oats thous. of bushs Production: Whear flour thous. of bbls.. Total oatmeal and rolled oats.thous. of lbs__ Oatmeal thous. of lbs_. Rolled oats thous. of Ibs +13.1 +0.2 +13.5 Corn Production, monthly est.8 thous. of bushs.. 2, 885, 108 2, 917, 836 3,013,390 844 Exports, including meal thous. of bushs . 849 1,240 6,832 5,912 Visible supply thous. of bushs 7,135 9,891 Receipts, principal markets. ..thous. of bushs.. 17, 774 12,583 10,699 8,313 Shipments, prin. markets thous. of bushs.. 9,373 Grindings (starch, glucose) thous. of bushs.. 4,430 5,902 5,567 Prices, contract grades, No. 2, 1.052 Chicago _. ... _ dolls, per bush . 1.065 .917 Other Grains Oats: Production, monthly est.6.thous. of bushs.. 1,461,945 1,470,384 1,470,384 Receipts, principal markets _ thous. of bushs .. 16, 591 29,243 48,399 26,298 Visible supply thous. of bushs 65,818 50,706 4,292 Exports, including meal. ..thous. of bushs.. 6,279 7,073 Prices, contract grades, Chicago. dolls, per bush.. .475 .398 .415 Barley: Production, monthly est.fl.thous. of bushs.. 221, 713 226, 786 226, 786 Receipts, principal markets thous of bushs 3,086 14, 993 11,929 Exports . thous. of bushs 1,940 4,564 9,103 Price fair to good, malting, Chicago. dolls, per bush .883 .809 .751 Rye: Production, monthly estAthous. of bushs.. 51,768 51,768 51, 768 Receipts, principal markets thous. of bushs . 403 6,639 1,939 3,794 Exports, including flour... thous. of bushs.. 1,054 1,036 .979 Price, No. 2, Chicago dolls, per bush__ .883 1.069 1, 541, 900 3,058 27, 650 +804.2 37, 524 7,953 50, 599 +34.8 22, 083 +177. 7 187, 875 3,791 1,396 .743 .853 -7.2 -13.3 63,446 .838 4,736 1,497 .819 14, 291 11, 579 1.016 17, 708 +242. 4 10, 927 +1.7 1.275 -17.4 -53.5 -90.9 -13.1 34, 525 23, 874 21. 720 28.615 -37.1 +19.9 54,242 73, 243 +8.2 -49.4 178, 461 198, 182 +11.1 Total Grains Total grain exports, incl. flour thous. of bushs 23, 647 25, 354 27,427 24, 998 Bice Southern paddy, receipts at mills bbls.. 8,252 Shipments: Total from mills pockets (100 Ibs.) 140, 316 New Orleans pockets (100 Ibs.) . 89, 607 Stocks end of month, mills and dealers pockets (100 Ibs ) 95, 427 Imports pockets (100 Ibs.) 63, 238 Exports pockets (100 Ibs.) . 13,946 Other Crops Apples: Cold-storage holdings (end of month) thous of bbls Car-lot shipments carloads Potatoes, car-lot shipments carloads Onions, car-lot shipments carloads Citrus fruits, car-lot shipments carloads Hay, receipts tons 142 2,667 17, 467 1,725 3,587 71, 783 566, 268 853,330 345,365 948, 625 2, 182, 793 +50.7 -10.0 3,428,443 2, 191, 147 -36.1 315,239 101, 054 619, 078 135, 778 130, 924 1,979 730, 544 1,303,227 232, 916 300, 075 +96.4 +34.4 -15.3 -41.7 4, 758, 635 4, 015, 201 1,086,781 1, 044, 336 -15.6 -3.9 398, 186 109, 753 25, 865 632, 444 24, 409 13, 293 398, 953 39, 091 23,883 638, 303 1, 567, 621 11,918 16, 335 89, 679 27, 675 +58.8 -0.9 -77.8 +49.4 -48.6 -52.0 326, 519 965, 921 566, 356 514, 951 +73.5 -46.7 164 3,956 14, 326 2,391 2,442 79, 611 1,422 19, 103 22, 763 3,994 2,379 79, 516 +73.4 5,728 35,937 +382. 9 +44.1 32, 524 +58.9 +11.3 4,545 +67.0 +3.4 4,185 -2.6 -23.7 95,037 -0.1 -7.6 47,058 176, 665 20, 730 76, 059 709, 732 42, 382 175, 368 19, 762 66, 368 625, 035 -9.9 -0.7 -4.7 -12.7 -11.9 -3.9 +5.9 +17.2 -4.2 16, 513 6,442 2,358 9,885 16, 941 6,238 2,290 10, 532 +2.6 -3.2 -2.9 +6.5 186,218 7, 067 147 2,927 15, 959 2,405 3,856 65, 275 820 13, 261 20, 450 3,864 3,116 86,031 Cattle and Calves Cattle movement, primary markets: 2,566 1,934 1,970 2,157 Receipts thousands 2,245 1,166 826 938 Shipments, total thousands 706 886 580 360 422 306 243 Shipments, stocker and feeder, .thousands. . 1,312 1,092 1,252 1,227 1,281 Local slaughter thousands. . 1 Revised. •Total crop estimated at first of month following that indicated. Data for a year ago represent final estimate 2,737 1,339 751 1,432 of the 1924 crop -15.9 -19.6 -27.2 -6.5 40 & 1925 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" FOODSTUFFS— Continued July August *PER CENT INCREASE (+) OR DECREASE (— ) 1924 September October August SepSeptember, tember, 1925, Septem- October 1925, from ber from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase (+) or decrease 1925 from 1924 1924 1925 3, 796, 010 3, 744, 018 118, 926 3, 934, 157 3, 932, 490 108, 176 +3.6 +5.0 -9.0 4 Cattle and Calves— Continued Beef products: Inspected slaughter product-thous. of Ibs,. 478, 231 Apparent consumption thous. of Ibs.. 479, 277 Exports _ -_ ... _ thous. of lbs._ 11, 625 Cold-storage holdings (end ofmonth) _ _ thous. of lbs._ 49, 674 Prices, Chicago: Cattle, corn-fed .. dolls per 100 lbs._ 11.56 Beef, fresh native steers dolls per lb_. .178 Beef, steer rounds, No. 2 dolls per lb_. .192 444,732 431, 877 14, 387 481, 787 467, 062 16, 375 551,766 515, 746 16, 763 47, 627 48,906 47, 538 67, 244 -9.9 -14.3 11.91 .185 .160 9.48 .165 .169 9.02 .165 .160 9.50 .172 .136 +3.0 0.0 -8.0 +37.9 +12.1 +8.1 2,741 1,092 33 1,645 3,196 1,213 25 2,017 3,216 1,252 35 1,959 3,990 +7.5 1,469 +714.7 56 +10.0 2,525 +3.7 -14.8 -12.8 -5.7 -16.0 39, 915 14,704 364 25, 196 32, 315 11,801 389 20,508 -19.1 19 7 +6.9 -18.6 457, 345 490, 419 83,031 465, 179 521, 474 100, 152 548, 939 535, 161 135, 104 492, 734 561, 717 114, 652 560, 043 637, 521 132, 686 +1.7 +6.3 +20.6 -5.6 +7.2 -12.6 6,508,759 5,233,987 1, 350, 440 5,384,786 4, 869, 002 951, 902 -17.3 -7.0 -29.5 815, 460 1698,513 539,069 504,018 835, 547 649, 371 439, 437 -22.8 -16.0 669, 536 583,789 467,443 467,378 710,871 565, 173 407,731 -19.9 -17.3 118,969 49, 414 90, 421 45,740 83,902 60, 646 121, 584 75, 937 103, 645 65, 810 106, 781 60, 813 -7.2 +32.6 -19.0 -7.8 1, 500, 629 757, 277 1, 111, 161 533, 245 -26.0 -29.6 145, 924 i 114, 724 444, 466 438, 308 11, 028 473, 961 469, 521 9,520 i 45, 214 40, 719 12.08 .185 .188 12.44 .185 .173 2,798 995 35 1,804 2,549 952 30 1,586 512, 095 488, 850 89, 977 +6.6 +7.1 -13.7 -1.6 +0.5 -41.9 Hogs and Pork Hog movements, primary markets: Receipts thousands .. Shipments, total thousands-Shipments, stocker and feeder.. thousands- . Local slaughter ._ thousands.. Pork products, total: Inspected slaughter product.-thous. of Ibs.. Apparent consumption thous. of Ibs-. Exports thous. of lbs._ Cold-storage holdings, total (end of month) _ thous. of Ibs.. Fresh and cured in storage (end of month) thous. of lbs._ Lard (included in pork products) : Production _ thous. of Ibs -. Exports... _.thous. of lbs._ Cold-storage holdings (end of month) thous. of lbs_. Prices: Hogs, heavy, Chicago _ dolls, per 100 lbs._ Hams, smoked, Chicago dolls, perlb.. Lard, prime contract, N. Y... dolls, per lb_. 13.79 .293 .181 71, 626 36, 640 124, 676 84, 198 31,706 -37.6 -14.9 13.13 .298 .179 12.88 .292 .178 11.69 .283 .164 9.61 .222 .143 9.86 .223 .144 10.78 .216 .165 -1.9 -2.0 -0.6 +30.6 +30.9 +23.6 2,064 1,037 421 998 2,627 1,613 839 981 2,005 1,022 444 978 3,027 1,876 973 1,097 3,295 2,267 1,441 1,020 +27.3 +55.5 +99.3 -1.7 -13.2 -14.0 -13.8 -10.6 15, 422 7,622 2,357 7,750 15, 582 7,630 2,222 7,822 +1.0 +0.1 -5.7 +0.9 38, 870 38, 659 41, 117 41, 584 38, 788 38, 640 42, 548 42, 179 43, 566 42,847 +5.8 -7.6 -3.3 -1.4 338, 309 338, 539 352,258 353, 882 +4.1 +4.5 1,339 1,112 1,461 2,230 2,525 3,166 -17.0 -56.0 6.40 14.60 6.19 15.09 6.41 14.81 5.97 13.28 5.41 13.18 5.81 13.44 -3.3 +3.4 +14.4 +14.6 940, 681 980, 257 745, 066 580, 900 967, 386 1,032,579 553, 106 1, 032, 459 1, 017, 069 1, 155, 375 886, 683 699, 434 509, 847 1, 005, 678 1, 070, 958 1, 196, 114 +4.2 -22.0 +6.7 -2.5 10, 643, 078 9, 671, 201 -16.9 -3.6 9, 316, 543 10, 002, 213 +7.4 Sheep and Lambs Sheep movement, primary markets: Receipts thousands 1,699 Shipments, total .. _ . .thousands. _ 763 Shipments, stocker and feeder__thousands-186 Local slaughter.. ... thousands. 939 Lamb and mutton: Inspected slaughter product.. thous. of lbs._ 39, 374 Apparent consumption thous. of lbs._ 39, 307 Cold-storage holdings (end of month) _ thous. of Ibs.. 1,349 Prices: Sheep, ewes, Chicago dolls, per lOOlbs.. 6.31 Sheep, lambs, Chicago dolls, per 100 Ibs.14.66 Total Meats Production, inspected slaughter.. thous of lbs_. 1, 029, 700 Cold-storage holdings thous. of lbs._ 866, 483 Apparent consumption thous. of Ibs. .1, 007, 434 -9.1 Poultry Receipts at 5 markets Cold-storage holdings (end of month) __ thous. of Ibs.. 17, 932 17,466 18, 804 thous. of Ibs.. 53, 558 147,946 44, 345 53, 724 17, 708 20,093 27, 263 +7.7 -6.4 33, 837 40,070 55, 139 -7.5 +10.7 19, 937 20,215 56, 607 67, 025 928,769 1, 085, 539 +5.0 +16.9 +59.2 41.4 -1.9 +29.8 -18.3 -5.2 482, 212 456, 876 -5.3 167, 769 169, 753 +1.2 13, 677 13, 709 +0.2 194, 770 165, 633 -15.0 157, 448 193, 050 +22.6 4, 114, 557 4, 062, 169 Fish Total catch, prin. fishing ports.- -thous. of lbs._ 24, 539 Cold-storage holdings, 15th of mo. thous. of Ibs.. 40, 458 Canned salmon, shipments cases-- 604, 231 26, 839 28, 184 47, 474 55, 505 757, 479 1, 205, 930 20, 018 49, 026 780, 775 -1.3 Dairy Products Butter: Receipts, 5 markets... thous. of Ibs. Cold-storage holdings, creamery (end of month)... thous. of lbs._ Wholesale price, 5 markets., dolls, per lb_. €heese: Receipts, 5 markets. thous. of Ibs Cold-storage and holdings, American (end of month).. thous. of Ibs. _ Wholesale price, 5 markets... dolls, per lb,_ Eggs: Receipts, 5 markets thous. of cases.. Cold-storage holdings thous. of cases,. 55, 064 45,005 109, 075 1 128, 403 .434 .448 114, 172 .488 69, 970 57, 282 47, 467 41,949 94, 983 156, 232 .385 153, 494 .342 135, 018 .385 19, 996 18, 854 17,479 -8.7 +8.8 71, 927 76,431 .197 73, 153 .203 67,905 .197 +2.7 0.0 +7.4 +18.7 -10.7 -12.8 +6.2 +16.2 -3.0 +1.7 25, 825 22, 472 20,520 66, 634 .230 i 76, 512 .241 78, 582 .241 1,315 10, 020 1,042 19,873 930 8,606 1,043 8,778 876 7,409 747 5,267 194,865 212, 903 206, 416 242, 543 202,977 180, 054 48, 244 11, 795 134, 328 46, 757 10,098 155, 654 42,209 6,596 157, 349 27,375 20,833 194, 066 22, 616 15, 476 164,538 18, 070 13, 974 147, 596 -11.1 -25.6 +8.9 +42.7 Milk Stocks, manufacturers', end of month: Total thous. of lbs_. CondensedCase goods thous. of Ibs.. Bulk goods. thous. of Ibs.. Evaporated, case goods thous. of lbs._ 'Revised. -9.7 +86. 6 -34.7 -57.4 +1.1 -4.4 41 Where available, October data have been included in this table. The cumulative* shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1924 1935 Septem- SepSeptember, tember, 1925, 1925, from October from SepAugust, tember, 1925 1924 August Septem- 158, 475 185, 584 141, 633 132, 579 -3.0 +11.9 33, 888 22, 759 16, 766 13, 282 119, 899 121, 735 152, 824 116, 808 112, 553 -14.0 +102. 1 -30.6 -66.5 +4.2 +1.5 4,821 3,947 3,629 4,579 3,800 3,496 3,962 3,153 2,348 5,392 6,265 16, 335 1,262 July August 138, 956 163, 453 38, 621 39, 425 92. 255 ber October ber CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent in- crease ( } or tdecrease 1925 from 1924 1934 1935 -4.5 37, 322 37, 275 -0.1 -25.5 -44.0 +33.8 -16.1 +34.7 +35.2 50, 303 107, 123 30, 635 89, 059 2,520 2,828 -39.1 -16.9 +12.2 145, 980 22, 510 150, 308 24, 456 +3.0 +8.6 FOODSTUFFS— Continued Milk— Continued Unsold stocks, manufacturer's, end of month: Total thous. oflbs CondensedCase goods thous of Ibs Bulk goods _ thous. of Ibs Evaporated, case goods thous of Ibs Sales less resales: » Powdered milk thous . of Ibs Exports: Condensed thous. oflbs Evaporated.. thous. oflbs Powdered,. thous. oflbs Fluid milk: ReceiptsBoston (includ. cream) ..thous. of qts__ Greater New York thous. of cans. ProductionMinneapolis district (excluding cream) thous. oflbs.. Minneapolis district (cream) thous. of Ibs 7,586 3,735 2,592 9,733 7,744 6,330 -8.1 11, 809 352 9,967 291 13, 339 392 10, 502 445 4,192 15, 892 290 18, 104 2,761 17, 227 16, 305 16, 846 2,646 15, 861 2,501 15, 506 26, 413 21, 730 18, 607 17, 804 18, 038 179, 152 197, 326 +10.1 519 390 402 327 305 2 4, 265 2 3, 804 -10.8 325, 082 482, 824 287, 057 438, 767 321, 620 459, 875 269, 500 450, 158 307, 838 419, 818 242, 353 344, 404 +12.0 +4.8 +4.5 +9.5 3, 143, 602 3, 829, 468 3, 308, 401 4, 115, 225 +5.2 +7.7 323, 647 557 49, 457 235, 725 124 67, 327 187, 739 216, 277 1,010 39, 097 154, 835 457 24, 510 66, 522 163 -20.4 +21.3 -39.7 +65.7 27, 174 188, 480 5,755 40, 624 287, 268 -78.8 +52.4 .043 .053 .061 129 .044 .054 .062 127 .043 .054 .062 127 .054 .066 .073 149 .060 .071 .078 156 .060 .073 .081 160 -2.3 -28.3 23 9 0.0 0.0 -20.5 0.0 -18.6 201, 791 336, 775 970, 025 179, 225 333, 938 822, 799 158, 009 371, 200 164, 990 315, 282 432, 123 159, 772 333, 991 273, 426 85, 762 194, 683 145, 422 -11.8 -1.1 +11.2 +11.1 -27.8 +117. 4 3, 760, 182 3, 531, 734 4, 648, 273 4, 070, 154 +23.6+15.2 113, 526 83, 637 133, 497 +36.6 +59.6 1, 052, 610 927, 471 -11. & 5,653 5,734 738 1,672 772 1,536 -0.6 -16.6 +27.4 -10.0 -3.0 -10.7 -3.6 -11.2 2,673 2,647 2,550 -5.4 -1.0 +2.8 +5.8 Sugar Raw: Imports _ long tons Meltings, 8 ports ...long tons.. Stocks at refineries (end of month) __ long tons Receipts, domestic at New Orleans.. long tons.. Refined, exports long tons Prices: Wholesale, 96° centrifugal, N. Y dolls, per lb.. Wholesale, granulated, N. Y._dolls. per lb._ Retail, granulated, N. Y dolls, per lb__ Retail, average 51 cities index number.. Cuban movement: Receipts at Cuban ports long tons.. Exports long tons Stocks, end of month long tons Coffee Imports Visible supply: World United States. _. Receipts, total, Brazil Clearances: Total, Brazil, for World Total, Brazil, for U. S thous. of Ibs 594,378 5,388 118, 493 97, 696 133, 463 thous. of bags thous. of bags.. thous. of bags.. 5,126 804 1,094 5,118 859 1,173 5,087 5,082 716 1,494 583 1,262 5,183 966 1,539 thous. of bags.. thous. of bags.. 1,235 701 1,487 794 1,434 705 1,536 680 1,455 566 1,419 713 1,730 827 thous. of Ibs. 9,536 10, 144 11, 993 8,638 9,079 11, 794 10, 463 8,218 -21.5 +1.1 -1.1 10, 024 4,964 9,263 4,908 -7.6 -3.1 +18.2 +32.1 61, 173 66, 623 +8.9- 4,911 53, 722 4,718 60, 266 -3.9 +12. 2 -1.5 315, 851 313, 267 -0.2 +33.7 -61.3 +4.3 +34.7 428, 977 8,218 298,098 6,214 -30. 5 -24.4 262, 506 296, 537 +13. D Tea Imports TOBACCO Consumption (tax-paid withdrawals) : Large cigars . millions 576 576 557 574 606 635 +3.4 Small cigarettes millions 7,119 6,983 7,612 6,316 6,273 6,488 +1.9 Manufactured tobacco and snuff _ thous. oflbs.. 35, 653 36,154 35, 358 34, 959 38,043 +2.3 36, 715 Exports: Unmanufactured leaf.. thous. of Ibs 39,037 50, 694 34,890 34, 805 56, 821 +45.3 37, 907 Cigarettes millions 336 715 317 782 698 -53.0 868 Production (crop estimate) 6 thous. oflbs.. 1, 282, 916 1, 234, 096 1, 247, Oil 1, 228, 972 1, 202, 350 1,195,099 1,181,620 +1.0 Sales of loose-leaf, warehouses thous. oflbs.. 91, 682 69 39, 144 33,434 68,075 83,090 +134. 2 Price, wholesale, Burley good leaf, dark red, Louisville dolls, per 100 Ibs 25.00 25.00 25.00 24.50 25.00 24.50 24.50 0.0 Stocks (reported quarterly): Chewing, smoking, snuff, and export mills, oflbs.. 3 1, 338 < 1,4 289 « 1,240 5 Cigar tobacco mills of Ibs 3424 390 407 Total, including imported mills, of lbs__ 31,847 < 1, 555 « 1, 725 -5.0 +13.5 +2.0 I TRANSPORTATION River and Canal Cargo Traffic Panama Canal: 17,311 19, 647 Total cargo traffic .thous. of long tons.. 1,892 1,912 2,112 2,018 10.4 1,961 1,958 -1.0 9,391 11,370 In American vessels _ _ . thous. of long tons.. 983 1,063 1,013 1,057 1,072 1,188 -3.0 -17.3 4,286 4,798 In British vessels thous. of long tons.. 476 445 515 -1.2 -9.7 476 482 527 Canals— 59, 991 52, 802 Sault Ste. Marie__thous. of short tons.. 10, 668 10, 904 10,663 11,051 9,661 +2.3 +12.9 10, 328 11,637 1,738 1,392 New York State. -thous. of short tons.. 391 275 344 +39.6 +42.2 386 280 290 2, 629, 857 2, 374, 661 386,472 421, 193 Cape Cod .. thous. of gross tons 412, 859 412, 036 403, 323 307,473 -8.2 -4.2 2,087 Suez thous of metric tons 1,965 2,206 +2.8 +6.2 2,030 2,117 Mississippi River730, 174 698,067 46,070 Go vernment-owned barges. tons . . 79,361 57,604 -29.0 -42.8 64,913 76, 609 80, 537 Ohio River, Pittsburgh, Pa., to 4, 878, 146 4,207,444 Wheeling, W. Va short tons.. 609, 727 716, 142 668, 392 739, 635 609, 940 714,421 -6.7 +16.5 573, 668 • See table on p. 26 of the October, 1925, issue. »Eight months' cumulatives Jan. 1 to Aug. 31. 3 Quarterly figures, ending June 30,1925. < Quarterly figures, ending Sept. 30,1925. 'Quarterly figures, ending Sept. 30,1924. 6 Total crop estimated at first of month following that indicated. Data from a year ago represents final estimate of the 1924 crops. -11. 9-17.4 -10.7 +13.6 +24.9 -9.7 +4.6 +15.9* 42 1925 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through A ugust. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July PER CENT INCREASE (+) OR DECREASE (— ) 1924 August Septem- 6,917 6,239 2,450 3,789 ber October August Septem- 6,713 6,479 2,872 3,607 SepSeptember, tember, 1925, 1925, from October from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per 4cent increase (+) or decrease (-) 1925 from 1924 1924 1925 51,436 22,410 29,028 20,502 32,181 52, 673 +2.4 85 +10.9 170,855 170, 681 107, 987 -0.1 +3.0 35, 702 1,825 1,240 37,847 +6.0 -8.6 -7.1 +6.3 +3.0 +17.4 +5.2 +9.3 TRANSPORTATION-Continued Ocean Traffic Clearances, vessels in foreign trade: Total thous. of net tons.. American... thous. of net tons Foreign thous of net tons Indexes of ocean freight rates: Charter rates, world routes.. index number.. Vessel construction: Completed during month— Total... gross tons.. Steel seagoing . gross tons Building or under contract, end of mo. — Merchant vessels, .thous. of gross tons.. 6,833 2,578 4,255 2,586 4,331 »96 2,877 3,837 <98 30, 101 21, 951 8,415 1,631 21,758 157 155 85, 732 6,803 2,922 -9.8 -5.3 -12.5 -3.7 -14.7 +5.0 «102 +2.1 -3.9 11,414 +158.6 6,665 +954.0 -15.9 +39.2 3,881 17,516 3,965 12, 210 386 25,875 12,346 162 164 168 177 +4.5 3.6 40,427 58,203 61,370 141,842 69,244 97,089 194,306 36, 768 162, 397 58,375 116,689 30,486 49,058 99,190 -32.1 +51.8 -12.7 +58.3 +5.1 +21.6 272 354 636 364 153 558 212 19 248 270 274 670 784 785 1,656 +33.8 56 8 -12.7 +34.8 -44.2 -16.7 5,364 4,297 4,844 304 152 806 343 255 1,213 1,771 4,148 269 147 750 269 188 987 1,537 5,455 +3.6 -19.9 -22.5 -21.9 -12.1 -10.9 -28.5 -2.5 -22.1 +3.7 -27.0 +22.3 -19.4 +6.1 -14.4 +8.7 190,543 89 -8.7 12 8 -13.5 438, 813 82, 861 572, 600 127, 105 43, 110 +4.0 -7.9 +1.8 -0.2 +7.8 -1.0 +5.1 +2.7 +4.5 +1.7 +15.0 +5.8 6,005 5,076 2,773 -4.6 +3.4 -6.8 +13.8 +2.3 +6.9 17, 191 103, 843 Freight Cars Surplus (daily av. last week of month) : Box number.. 139,428 Coal . ... .number. 80, 661 Total number.. 263,876 Shortage (daily av. last week of month) : Box number.. 4 Coal ._ number None. Total number.. 4 Car loadings (monthly totals): Total thous. of cars.. 3,888 Grain and grain products... thous. of cars.. 165 Livestock thous. of cars.. 105 Coal and coke . . .thous. of cars.. 680 Forest products thous. of cars 258 Ore thous. of cars.. 251 Merchandise thous. of cars.. 985 Miscellaneous .thous. of cars.. 1,444 Cars in bad order: Total, end of month . _ . _ cars 197, 281 Ratio to total on line per cent.. 8.4 Railroad Operations Revenue: Freight thous. of dolls. 377, 517 Passenger thous. of dolls.. 97, 916 Total operating thous. of dolls . 522,427 Operating expenses thous. of dolls.. 382, 905 Net operating income.. thous. of dolls . 99,463 Freight carried mills, ton-miles 37, 968 Pullman company operations: 7,562 Revenue thous. of dolls.. Expenses thous. of dolls.. 5,003 Passengers carried .... thousands.. 3,276 Locomotives in bad order: Total, end of month number.. 10, 658 Per cent of total in use per cent— 16.7 5,537 271 149 1,023 358 315 1,297 1,951 210 131 731 279 230 1,046 1,670 197, 178 8.4 179, 571 7.7 210, 109 9.2 206,044 403, 311 103, 961 555, 367 388, 970 419, 643 95, 705 358, 511 104, 553 508, 506 373, 671 399, 214 124,805 41,723 565,452 388,096 134, 585 41,322 95,707 36,447 7,409 7,182 7,768 5,020 3,633 5,190 10,551 10,643 16.5 232 212 996 352 248 1,353 2,144 4,998 3,385 3,491 16.5 8.9 93,200 541,047 381, 792 117,018 39,046 6,512 5,072 3,167 339 206 1,001 353 213 1,290 2,051 8.2 403,664 1,668 1, 152 6,528 2,785 6,937 2,868 12,649 13, 825 3,166,698 824, 155 3, 320, 685 796, 367 1,354 9,321 1,590 9,807 4,403,621 4, 531, 486 3, 399, 714 3,398,840 800, 539 679,437 313, 399 333, 545 +4.9 34 +3.1 0.0 +17.8 +6.4 55, 624 45,820 26,087 60,647 46,395 26,876 +9.0 +1.3 +3.0 10,964 11,329 17.0 17.6 11, 095 17.2 +0.9 0.0 61 -6.3 65,062 2,583 65, 071 64, 964 113 -13.4 +9.0 220 148 +230. 8 -0.2 0.0 -1.2 +0.4 -19.4 +51.7 22 5 1, 657 1,361 981- 1,342 1,966 509 -19.0 +44.5 AO I 1,094 987 846 521 -47.2 Equipinent Installation Locomotives (Am. Ry. Assn.): Owned (end of month) number.. 64,420 64,257 64,357 Tractive power mills, of lbs_. 2,594 2,596 2,596 Installed during month number. _ 139 129 147 Retired during month number 170 229 210 Ordered from ^manufacturers number 39 26 86 Shipments by manufacturers: Total . number.. 94 66 104 Domestic .number.. 58 91 50 Unfilled orders— manufacturers: Total number.. 363 378 309 Domestic . number.. 283 296 225 Building in R. R. shops (end of month) number 59 37 45 Exports number.. 11 22 12 Electric locomotives shipped (quarterly) : Mining number.. 3120 <187 Industrial . .number.. 319 <13 Freight cars (Am. Ry. Assn.): Owned (end of month) number- 2, 361, 551 2,363,849 2, 363, 637 Capacity mills, of Ibs-. 210, 701 211, 102 211, 201 Installed during month number.. 10,542 11,554 8,161 Retired during month number10,051 9,259 9,196 Ordered from manufacturers . .number.. 843 6,113 2,816 199 497 397 229 166 9 2,586 160 151 111 2,586 139 121 104 79 96 78 96 -45.1 -9.6 -36.7 361 306 386 333 462 398 +17.5 +31.6 -6.0 -11.1 50 36 37 51 17 8 76 37 +100. 0 0.0 -56.9 «141 59 +55.8 -31.6 +32.6 +44.4 415 75 458 39 +10.4 -48.0 0.0 0.0 -29.4 -0.7 10, 504 12, 610 +117. 1 +1.3 +2.3 -60.5 -1.5 -74.1 112, 853 83, 537 111, 978 106,071 -0.8 +4.0 -57.2 2,329,582 2, 336, 147 2, 342, 149 205, 690 5,556 15,452 8,834 5,Q54 206, 540 15,455 9,337 23,597 207, 366 16,598 86,845 45, 397 Passenger Travel National parks: Visitors ,. . number.. 411,376 Automobiles entered . .number.. 77,723 Arrivals from abroad: Aliens _ .number.. 18,590 United States citizens number 32, 080 Departures abroad: Aliens .number.. 8,784 United States citizens number 66, 136 Passports issued number.. 13.830 3 Quarterly figures, ending June 30,1925. 384,501 56,195 184, 279 22,421 59,663 26, 721 17,361 76,256 380,568 57, 217 23,290 44, 791 197,655 18,294 47, 571 2,585 -52.1 -69.1 -6.8 -5.1 27,941 57,232 27, 402 31, 474 +19.2 +27.8 -4.4 +33.2 7,539 7,200 8,633 8,671 24,369 37, 657 23,849 8.012 8.795 9.370 8.571 7.659 'Quarterly figures, ending Sept. 30,1925. 37, 185 1,481,714 1, 565, 500 186, 565 193,092 +5.7 +3.5 269,925 214,309 313,298 -20.6 +24.3 8,941 -4.5 -17.0 58,287 58, 620 19,951 +2.2 281,294 249,568 138 7fiQ -1-14.8 1 114.432 7.90fi — ft!l » Quarterly figures, ending Sept. 30,1924. -0.6 +12.7 -i-9i a 252, 075 43 1925 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July August PER CENT INCREASE (+) OR DECREASE (— ) 1924 September October SepSeptember, tember, 1925, 1925, from October from SepAugust, tember, 1925 1924 August September 49, 936 10, 137 49, 105 11, 443 50,931 12, 748 9,212 11,435 1,586 9,542 11, 861 1,879 9,940 12, 389 1,993 744,636 746,386 4,735 1,518 3,218 4,803 1,493 3,311 353 4,382 100,400 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 . Per cent increase ( } or tdecrease (-) 1925 from 1924 1924 1925 +0.6 +11.9 +7.3 +16.9 427,812 89, 679 478, 078 112,805 +11.7 +25.8 +4.9 +18.5 +4.5 +16.2 +15.9 +17.7 80,303 99,788 13, 299 90,355 110,956 15,895 +12.5 +11.2 +19.5 +0.5 7,075,871 6, 986, 325 1.3 5,193 1,632 3,560 +0.2 +12.1 -8.4 +6.0 +4.2 +14.9 43,246 15,081 28, 167 47, 570 16,547 31,023 +10.0 +3.1 +10.0 349 4,454 103, 200 370 4,823 111,200 -3.2 +4.6 +0.6 +12.7 ' 889, 330 » 938, 076 +5.5 471 194 85 83 76 115.0 96.5 84.5 489 197 87 85 75 113.6 97.1 87.2 495 195 88 87 76 114. 8 96.1 90.4 +2.7 +2.2 +5.7 +31.0 +5.8 +4.6 +1.1 +5.9 +3.9 +5.3 i2, 905 250.3 82 77 79 13, 715 248.3 86 79 77 64,489 150, 048 +21.2 +10.8 +14.2 +8.1 +31.1 +14.3 257, 970 149, 715 108, 255 292, 170 171, 622 120, 548 +13.3 +14.6 +11.4 +13.0 +6.4 +9.7 +5.2 +20.0 +17.1 +20.6 +2.3 +10.2 +3.8 242, 514 272, 591 +12.4 140, 695 156, 021 +10.9 59,380 68, 565 +15.5 16, 589 18, 807 +13.4 25, 850 29,198 +13.0 PUBLIC UTILITIES Telephone companies: Operating revenues thous. of dolls.. 53,815 54,955 54,623 Operating income thous. of dolls.. 11,815 13,373 12, 461 Telegraph companies: Commercial telegraph tolls.thous. of dolls- 10,448 11, 306 10, 780 Operating revenue thous. of dolls- 12,868 ' 13, 186 13,784 Operating income thous. of dolls.. 1,755 2,211 1,907 Electric railways (213 companies) : Passengers carried thous. of persons- i 753, 385 1752,650 i 750, 236 Electric power: ProductionTotal mills, of kw. hours— 5,346 5,376 5,386 By water power... mills, of kw. hours.. 1,727 1,870 1,582 By fuels mills, of kw. hours'— 3,804 3,649 3,476 In street rys. mfg. plants, etc mills, of kw. hours.. 365 379 377 Central stations... mills, of kw. hours.. 4,959 4,990 5,021 Gross revenue sales thous. of dolls— 409,200 111,500 . -0.3 EMPLOYMENT AND WAGES Employment in factories: New York State thousands 486 Detroit. thousands 243 New Jersey (rel. to 1923) .. .index number.. 84 Pennsylvania (rel. to 1923).. index number.. 90 Delaware (rel. to 1923) index number.. 80 Wisconsin (rel. to 1915) index number.. 128.3 Illinois (rel. to 1922) index number.. 95.3 Massachusetts (rel. to 1914) .index number.. 86.5 Total pay roll: New York State thous. of dolls 13, 589 Wisconsin (rel. to 1915) index number.. 286.2 New Jersey (rel. to 1923) .. .index number.. 84 Pennsylvania (rel. to 1923) ..index number. _ 81 Delaware (rel to 1923) index number 79 Other employment: Federal civilian employees, Washington, D. C . .number . 63,837 Anthracite mines number 152, 169 Average weekly earnings (State reports) : New York State dolls.. 27.98 Illinois (rel. to 1922) index number 110.9 Wisconsin (rel. to 1915) index number.. 222.6 Massachusetts (rel. to 1914) .index number.. 187.3 New Jersey (rel. to 1923) index number.. 101 Pennsylvania (rel. to 1923) .index number.. 94 Delaware (rel. to 1923) index number 97 Average weekly earnings (National Industrial Conference Board): Grand total (both sexes) dollars 26.31 Total male dollars 28.61 Skilled male .. dollars . 30.26 22.92 Unskilled male dollars Total women. dollars.. 16.70 Average weekly hours: Nominal (both sexes) hours 49.8 Actual (both sexes) hours.. 47.5 Wages of common labor by geographic divisions: 47 New England cents per hour 43 Middle Atlantic cents per hour South Atlantic cents per hour 28 East South Central cents per hour 25 26 M^est South Central cents per hour East North Central cents per hour 36 35 ^Vest North Central cents per hour 48 Mountain cents per hour 52 Pacific cents per hour 38 United States average cents per hour.. Wage rates, U. S. Steel Corp.. .cents per hour.. 40 Employment agency operations: Applicants per job — 1.40 United States average number.. 1.32 Eastern States number 1.77 Central States number 1. 36 Southern States rnimber .71 Western States ..number.. DISTRIBUTION MOVEMENT Mail-order houses: Total sales thous. of dolls.. 27, 916 Sears, Roebuck & Co thous. of dolls.. 17, 073 Montgomery Ward & Co. -thous. of dolls.. 10,843 Ten-cent stores: Total sales thous. of dolls.. 30,628 2,015 Total stores number F. W. Woolworth & Co thous. of dolls.. 17, 829 1,405 Number of stores operated 7,510 6. S. Kresge Co . thous. of dolls.. 275 Number of stores operated 2,151 McCrory Stores Corp thous. of dolls.. 173 Number of stores operated S . H . Kress & C o thous . of (foils . . 3,138 162 Number of stores operated Revised 487 244 86 89 76 124.1 95.5 88.3 500 258 91 90 79 267 +2.4 +1.9 +0.7 +3.1 13, 632 262.2 86 83 80 +3.1 +3.2 +1.1 0.0 +1.3 +3.5 +6.3 +1.3 64,638 153, 030 64, 794 154, 076 -0.8 -3.3 27.40 109.1 217.6 211.4 98 94 101 28.03 110.1 218.2 192.4 100 94 100 27.53 112.0 227.8 208.9 99 97 103 -0.5 -4.7 +1.0 -2.7 -6.7 -3.9 -2.1 -3.0 -3.1 -2.0 +1.1 -4.0 26.37 28.73 30.30 23.23 16.87 25.18 27.14 28.68 21.94 16.04 25.98 28.11 29.76 22.56 17.11 26.45 28.44 30.21 22.60 17.36 50.1 47.5 49.5 45.2 49.6 46.4 49.6 47.1 97.8 89.9 13, 722 295.3 88 84 77 14, 150 63, 054 62, 519 28.46 112.9 237.3 187.9 102 97 99 28.32 107.6 98.6 89 84 78 115.3 186.5 98 95 96 47 42 28 25 25 38 38 44 52 38 40 46 44 30 25 26 38 38 45 53 38 40 47 42 28 25 28 39 39 40 53 38 40 48 41 29 24 28 43 39 43 52 39 40 47 41 30 24 27 40 38 42 53 38 40 1.31 1.23 1.67 1.27 .65 1.05 .87 1.37 .89 .59 1.39 1.25 1.75 1.31 .67 1.26 1.16 1.64 1.11 .57 1.29 1.12 1.65 1.22 .59 28, 749 16,947 11,802 34, 836 19, 359 15,477 52, 340 30, 375 21, 965 23, 809 13, 476 10, 333 31, 448 17, 905 13, 543 41, 063 23, 801 17, 262 32,668 2,034 18, 780 1,411 8,178 285 2,329 175 3,381 163 32, 075 2,041 18, 129 1,415 8,222 287 2,284 175 3,440 164 39, 759 28, 787 1,908 16, 927 1,334 6,802 245 2,058 171 3,000 158 28,396 1,919 16, 528 1,345 6,851 245 1,894 171 3,123 158 34,046 1,929 20, 400 1,351 7,873 247 2,103 172 3,679 159 22, 989 9,992 2,732 4,046 -2.1 -4.2 +4.8 +7.3 +7.1 +3.4 0.0 +4.2 +4.0 -7.1 0.0 -11.6 0.0 -2.6 +2.3 +4.7 +1.9 +1.9 0.0 -2.6 0.0 0.0 -19.8 -21.3 -17.0 -29.9 -9.2 -1.8 +0.3 -3.5 +0.3 +0.5 +0.7 -1.9 0.0 +1.7 +0.6 -16.7 -25.0 -16.5 -19.8 +3.5 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through A ugust. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July PER CENT INCREASE (+) OR DECREASE (— ) 1924 1925 August Septem- 3,151 220 2, 109 3,227 222 2,151 1,042 1,076 6,481 618 6,303 2,810 2,057 267 1,453 85 1,489 85, 660 8,298 645 6,326 2,840 2,050 267 1,330 87 1,979 99, 427 12, 142 644 25,085 28, 551 2,794 3,002 9,233 58,250 SepSeptember, tember, 1925, Septem- October 1925, from ber from SepAugust, tember, 1925 1924 October August 2,246 3,078 221 2,023 3,114 222 2,034 3,176 219 2,081 +50.0 +0.9 +2.0 1,055 1, 080* 1,095 5,301 547 6,201 2,529 1,903 254 1,501 84 1,408 76, 051 6,855 560 6,151 2,546 1,908 254 1,468 86 1,795 94, 696 8,430 566 6,502 2,548 1,949 253 1,588 84 2,213 108, 594 32, 489 22, 545 25, 898 29, 119 3,352 2,565 2,718 3,145 +7.4 +10.4 9,708 79, 221 9,064 69, 552 9,880 77, 980 12, 000 95, 784 +5.1 +36.0 2,771 29, 075 2,791 29, 318 2,591 27, 210 2,795 28, 398 3,052 30, 763 153, 426 1,425 167, 076 1,400 196, 454 1,550 200, 250 1,639 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase or de crease 1925 from 1924 1924 1925 +3.6 0.0 +5.8 27, 033 27, 140 +0.4 17, 293 17, 711 +2.4 +3.3 -0.4 9,740 9,429 -3.2 +28.0 +4.4 +0.4 +1.1 -0.3 . 0.0 -8.5 +2.4 +32.9 +16.1 +21.1 +15.2 +2.8 +11.5 +7.4 +5.1 -9.4 +1.2 +10.3 +5.0 46, 574 56, 432 +21.2 53, 591 53, 355 -0.4 16, 117 17, 417 +8.1 12, 553 12, 262 -2.3 17, 876 842, 616 17, 944 865, 579 +0.4 +2.7 +13.8 +10.2 226, 286 244, 868 +8.2 24, 319 26, 368 +8.4 -1.7 +1.6 104, 709 825, 124 97, 784 686, 116 -6.6 -16.8 +0.7 +0.8 -0.1 +3.2 29, 256 294, 163 27, 490 272, 679 -6.0 -7.3 167, 286 1,458 +8.9 -1.8 -16.6 -14.6 DISTRIBUTION MOVEMENT— Con. Restaurant chains: Total sales thous. of dolls.. 2,967 Total stores _ _ . number 218 Childs Co., sales thous. of dolls 1,943 Waldorf System (Inc.), 1,024 sales thous. of dolls Chain stores: J. C. Penney Co .thous. of dolls. _ 5,881 Number of stores 593 United Cigar Stores Co thous. of dolls.. 6,020 Number of stores 2,731 A. Schulte (Inc) thous. of dolls.. 1,965 Number of stores... 266 Owl Drug Co _. thous. of dolls 1,418 Number of stores. .. 85 Magazine advertising thous. of lines.. 1,675 Newspaper advertising. thous. of lines 82, 044 Postal receipts, 50 selected cities.. ...thous. of dolls.. 25, 707 Postal receipts, 50 industrial cities thous. of dolls.. 2,888 Money orders: Domestic paid (50 cities) — Quantity _ number . 9,763 Value .-_ ..thous. of dolls.. 74, 469 Domestic issued (50 cities)— Quantity number 2,861 Value . thous. of dolls .. 29, 361 Delinquent accounts, electrical trade: Amount.. dollars.. 195, 347 Number of firms _ number 1,490 Hardware trade: Sales index 145 Outstanding accounts (number of times sales) 2.0 Internal revenue-taxes collected: Firearms and shells . thous. of dolls 445 Jewelry, watches, and clocks thous of dolls 561 1,544 Theater admissions thous. of dolls.. Bonds and stocks issued and conveyances _ thous. of dolls.. 2,599 1,111 Capital stock transfers thous. of dolls.. 2,421 144 145 128 137 150 +0.7 +5.8 2.0 2.0 2.1 2.1 1.9 0.0 -4.8 376 358 470 425 434 -4.8 -15.8 2,129 2,480 +16.5 524 1,407 550 1,812 893 3,198 459 1,577 593 2,021 +5.0 +19.8 +28.8 +14.9 16, 322 52, 184 6,564 18, 020 -59.8 -65.5 2,459 1,219 2,394 1,278 1,866 814 1,833 788 2,098 685 -2.6 +30.6 +4.8 +62.2 28, 193 6,715 23, 055 11,411 -18.2 +69.9 210, 408 717, 402 118 927, 928 187, 944 691, 227 107 879, 278 174, 284 609, 703 71 784, 058 181, 569 159, 318 614, 848 830, 831 87 75 774, 241 1, 012, 487 -10.7 -3.6 -9.3 -5.2 +18.0 +12.4 +42.7 +13.6 1, 756, 248 6, 070, 201 894 7, 827, 343 1, 873, 625 6, 777, 283 1,213 8, 651, 221 +6.7 +11.6 +35.7 +10.5 996, 704 68, 894 899, 216 20,045 798, 815 14, 828 788, 072 1, 083, 205 70, 805 13, 906 -9.8 +14.1 -70.9 +44.1 7, 978, 596 152, 147 8, 957, 610 +12.3 306, 702 +101. 6 623, 404 181, 048 126,892 931, 344 538, 166 175, 114 37, 800 751, 080 484, 966 141, 525 22, 949 649, 439 436, 618 145, 052 19, 369 601, 038 501, 459 198, 461 131, 134 831, 054 -13.7 -3.3 -70.2 -19.4 +23.3 +20.7 +95.2 +25.0 4, 845, 566 1, 388, 483 244, 039 6, 478. 084 5, 605, 919 +15.7 1, 670, 607 +20.3 519, 324 +112. 8 7, 795, 852 +20.3 109, 737 37, 808 3,682 151, 227 107, 367 37, 057 3,124 147, 548 99, 417 32, 530 2,339 134, 286 95, 049 33, 811 2,148 131, 008 109, 188 33, 405 3,025 145,617 -2.2 +13.0 -2.0 +9.6 -15.2 +45.4 -2.4 +12.6 968, 893 284, 922 21,615 1, 275, 430 1, 082, 608 326, 382 38, 623 1,447,611 +11.7 +14.6 +78.7 +13.5 9,039 9,121 8,164 8,231 8, 297, +1.3 +10.8 3,671 1,510 2,161 3,707 1,513 2,195 3,195 1,425 1,770 3,227 1,433 1,794 3,263 1,439 1,824 +1.0 +0.2 +1.6 +14.9 +5.6 +22.4 3,680 1,040 1,989 545 106 3,694 1,041 2,001 547 106 3,440 1,098 1, 869 376 97 3,453 1,092 1,883 381 97 3,469 1,085 1,899 388 98 +0.4 +7.0 +0.1 -4.7 +0.6 +6.3 +0.4 +43. 6 0.0 +9.3 1,083 604 1,092 628 1,007 523 1, 012 539 1,017 548 +0.8 +7.9 +4.0 +16.5 646, 493 250, 608 138, 995 103, 737 81, 944 71, 209 601, 772 230, 427 127, 582 98, 954 80, 030 64. 779 508, 389 189, 574 112, 012 82, 024 68, 203 56. 576 487, 944 180, 485 106, 181 84, 217 62, 616 54. 445 572, 184 224, 325 124, 841 93, 489 69, 226 60. 303 5, 157, 008 2, 078, 711 1, 121, 965 788, 954 641, 802 525. 57fi 5, 944, 336 2,411,949 1, 264, 393 939, 27? 731,319 597. 399 +15.3 +16.0 + 12.7 +19.1 +13.9 4-13. 7 BANKING AND FINANCE Life Insurance (Association of Life Insurance Presidents) Poliices, new (45 companies) : Ordinary _ .number of policies 214, 633 734, 531 Industrial number of policies 121 Group . . . number of contracts .. Total number of policies and contracts.. 949, 285 Policies and certificates issued: Total policies and certificates number.. 976, 949 Group insurance certificates certificates.. 27, 785 Amount of new insurance (45 companies) : 653, 273 Ordinary thous of dolls 182, 991 Industrial thous. of dolls 54, 973 Group thous. of dolls Total insurance J... thous. of dolls.. 891, 237 Premium collections (45 companies) : 125, 554 Ordinary thous. of dolls 36,665 Industrial thous. of dolls 3,375 Group thous. of dolls 165, 593 Total .. thous. of dolls Admitted life insurance assets (41 companies) : 8,974 Grand total mills, of dolls Mortgage loans — Total... mills, of dolls. . 3,633 1,507 Farm .mills, of dolls.. 2,126 All other mills, of dolls Bonds and stocks (book values)— 3,666 Total ..mills, of dolls.. 1,038 Government .. mills, of dolls.. 1,983 Railroad.. ..mills, of dolls.. 538 Public utilities mills, of dolls-. v 106 All other mills, of dolls. _ Policy loans and premium 1,075 notes _ ..mills, of dolls. _ 599 Other admitted assets.. . _ .mills, of dolls. . (Life Insurance Sales Research Bureau) Sales of ordinary life insurance United States total Eastern manuf. district Western manuf. district Western agric. district Southern district Far Western district (81 companies) : thous. of dolls.. thous. of dolls thous. of dolls.. thous. of dolls.. thous. of dolls. . thous. of dolls.. 687, 775 288, 206 143, 277 106,117 81, 108 69. 067 -6.9 -8.1 -8.2 -4.6 -2.3 -9.0 +23. 3 +27.7 +20.2 +17.5 +27.8 +19.0 45 1925 Where available, October data have been included in this table. The cumulative* shown are in most instances, however, only through September and, where designated by a footnote, through August. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July PER CENT INCREASE (+) OR DECREASE (— ) 1924 SepSeptember, tember, 1925, Septem1925, October from ber from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase (+) or decrease August September October August 23, 265 19, 847 24,369 20, 872 2S, 916 24, 008 20, 916 17, 776 20, 734 18, 238 22, 506 20, 912 +4.7 +17.5 +5.2 +14.4 190, 651 166, 363 227, 134 187, 015 +19.1 +12.4 20, 219 16, 860 21, 774 18, 021 25, 952 20, 299 20, 342 15, 344 19, 291 15, 986 21, 585 18, 122 +7.7 +12.9 +6.9 +12.7 180, 226 142, 756 207, 231 158, 467 +15.0 +11.0 580 1,616 547 2,888 2,237 75.0 633 1,685 624 2,866 2,268 72.5 590 1,695 660 2,893 2,297 72.5 263 1,741 593 3,202 2,150 82.3 260 1,730 668 3,156 2,196 80.4 223 1,767 802 3.122 2,218 78.6 +9.1 +143. 5 +4.3 -2.6 +14.1 -6.6 -0.8 -9.2 +1.4 +3.3 -3.3 -9.8 13, 375 5,471 12, 755 13, 832 5,440 13, 048 13, 901 5,443 13, 082 12, 434 5,091 12, 419 12, 677 5,331 12, 630 12, 764 5,551 12, 922 4.31 4.00 4.56 4.19 4.90 4.40 2.00 3.25 2.13 3.13 2.45 3.13 +5.8 +114. 1 +4.8 +33.9 7, 562, 671 1, 326, 980 2, 095, 847 520, 820 521, 321 351, 147 244, 558 939, 038 153, 271 98,453 114, 110 74, 331 1, 119, 795 132, 100 7, 602, 098 1, 329, 853 2, 114, 729 519, 589 521, 120 348, 699 253, 104 940, 952 159, 071 99, 939 113, 957 75, 078 1, 126, 007 132, 159 7, 087, 421 1, 261, 004 1, 977, 476 490, 950 480, 963 322, 551 229, 159 901, 674 138, 576 90, 772 109, 229 66. 811 1, 018, 256 133, 929 7, 132, 377 1, 263, 800 2, 002, 659 491, 805 483, 342 323, 350 228, 710 902 737 138) 247 92, 078 108, 065 67, 805 1, 029, 779 133, 948 7, 154, 337 1, 268, 465 2, 001, 536 495, 093 489, 511 325, 899 228, 510 910, 932 141, 026 92, 444 106, 979 67, 849 1, 026, 093 134, 405 +0.5 +6.6 +0.2 +5.2 +0.9 +5.6 -0.2 +5.6 0.0 +7.8 -0.7 +7.8 +3.5 +10.7 +0.2 +4.2 +1.8 +15.1 +8.5 +1.5 -0.1 +5.5 +1.0 +10.7 +0.6 +9.3 0.0 -1.3 1924 1925 1925 from 1924 BANKING AND FINANCE- Continued Banking Debits to individual accounts: New York City mills of dolls 25, 458 Outside New York City mills, of dolls.. 21, 559 Bank clearings: New York Citv mills, of dolls.. 23, 396 Outside New York City mills, of dolls- 18, 570 Federal reserve banks: Bills discounted _ mills, of dolls 468 Notes in circulation mills of dolls 1,598 Total investments . mills, of dolls 553 Total reserve _ mills, of dolls. . 2,937 Total deposits mills, of dolls.. 2,201 Reserve ratio per cent 77.3 Federal reserve member banks: Total loans and discounts... mills, of dolls.. 13, 217 Total investments ..mills, of dolls.. 5,506 Net demand deposits mills, of dolls. . 12, 815 Interest rates: New York call loans per cent 4.30 Commercial paper 4-6 mos per cent-3.93 Savings deposits, by Federal reserve districts (balance to credit of depositors): Total, 846 banks thous. of dolls 7, 542, 166 Boston, 64 banks ... thous. of bolls 1, 324, 310 New York, 30 banks., -thous. of dolls.. 2, 098, 522 Philadelphia, 78 banks.thous. of dolls. . 520, 609 Cleveland, 18 banks thous. of clolls... 518, 577 Richmond, 91 banks thous. of dolls. _ 352, 398 Atlanta, 96 banks thous. of dolls.. 242, 696 933, 901 Chicago, 209 banks thous. of dolls St. Louis, 32 banks thous. of dolls.. 155, 878 Minneapolis, 15 banks.thous. of dolls__ 97, 975 Kansas City, 56 banks-.thous. of dolls.. 107, 769 73, 624 Dallas, 85 banks . thous. of dolls San Francisco, 72 banks.thous. of dolls. .1, 115, 907 131, 610 U S Postal Savings thous. of dolls New York State Savings banks thous of dolls 3, 502, Oil 3, 502, 526 3, 487, 629 3, 529, 169 3, 261, 053 3, 302, 442 3, 308, 534 Public Finance Government debt: Interest-bearing mills of dolls 20, 166 20, 199 20,447 Total gross debt mills, of dolls.. 20, 488 6,241 6,208 Short-term debt mills, of dolls __ 49, 114 Customs receipts thous. of.dolls.. 45, 156 Total ordinary receipts . thous. of dolls.. 194, 945 ' 219, 915 Expenditures chargeable to ordinary receipts thous. of dolls.. 245, 593 214, 208 Money in circulation: 4,784 4,720 Total mills of dolls 41.84 41. 31 Per capita dollars Business Failures * Liabilities: Total commercial thous. of dolls. . 34, 505 Manufacturing 10, 932 establishments thous. of dolls Trade establishments thous. of dolls.. 15, 961 7,612 Agents and brokers thous. of dolls 3 42, 859 Banks (quarterly) thous. of dolls Firms: ' Total commercial number. . 1,685 418 Manufacturing establishments number.. 1,184 Trade establishments ...number.. 83 Agents and brokers number. . 3111 Banks (quarterly) number Dividend and Interest Payments (For the following month) Grand total thous. of dolls.. 212, 590 Dividend payments: Total . .. thous. of dolls.. 83,690 Indus, and misc. corp thous. of dolls.. 46, 300 Steam railroads .. . . thous. of dolls.. 32, 275 Street railways ._ thous. of dolls. . 5,115 New Security Issues Total corporation (Commercial and Financial Chronicle) : Purpose of issueNew capital . thous. of dolls.. 348, 377 74,682 Refunding thous. of dolls Kind of issue160, 637 Stocks thous. of dolls Bonds and notes thous. of dolls.. 262, 422 Total corporation (Journal of Commerce) thous. of dolls.. 321, 115 States and municipalities: 124, 657 Permanent loans thous. of dolls Temporary loans thous. of dolls.. 33, 480 New incorporations thous. of dolls.. 1, 066, 860 3 Quarterly figures, ending June 30, 1925. +3.4 -0.6 +2.3 +9.1 +2.0 +3.3 -0.4 +5.6 20, 143 20, 418 6,186 51,017 512, 072 20, 141 20, 406 6,184 52, 835 202, 245 20, 981 21, 245 8,071 45, 621 185, 763 20, 983 21, 254 8,073 49, 759 487, 390 20, 978 -0.1 21, 242 -0.1 8,069 -0.4 49, 890 +3.9 255, 323 +132. 8 -4.0 -3.9 -23.4 +2.5 +5.1 415, 203 2,911,454 423, 493 2, 837, 369 +2.0 —2.5 330, 851 323, 432 196, 892 408, 797 320, 307 +54.5 -19.1 2, 445, 049 2, 606, 668 +6.6 4,827 42.17 4,901 42.77 4,774 42.28 4,806 42.52 4,880 43. 12 +0.9 +0.8 +0.4 -0.8 37, 159 30,687 29, 544 55, 154 34, 296 36,099 -17.4 430, 723 341, 750 -20.7 22, 339 13, 460 1,360 8,167 14, 990 7,530 * 11, 613 11,264 13, 530 4,750 29,924 16, 361 8,869 19, 468 10, 126 4,702 « 21, 543 15,619 16, 122 4,357 -63.4 -58.0 +11.4 +48.0 +453. 7 +60.1 -72.9 -46.1 244, 545 144, 146 41, 431 129, 496 162, 297 49, 957 -47.0 +12.6 +20.6 1,513 365 1,069 79 1,465 388 1,015 62 <46 1,581 408 1,111 62 1,520 414 1,024 82 1,306 360 883 63 «80 1,696 411 1,186 99 -3.2 +12.2 +6.3 +7.8 -5.1 +14.9 -21.5 -1.6 -58.6 -42.5 15, 226 3,961 10,420 715 16, 083 3,750 11, 597 736 +5.6 -5.3 +11.3 +2.9 318, 775 427,220 309, 395 315, 265 402, 250 288, 300 +6.2 3, 251, 140 3, 442, 060 +5.9 67, 525 44,900 17, 250 5,375 102,920 66, 365 25,905 10,650 73, 595 32, 350 33, 950 7,295 62,265 41,500 16, 250 4,515 97, 350 63,500 24,450 9,400 67,300 29,500 32,200 6,100 +52.4 +5.7 +47.8 +4.5 +50.2 +6.0 +98.1 +13.3 874, 239 484, 270 254, 645 73,590 917, 940 506, 070 265, 985 80, 840 +5.0 +4.5 +4.5 +9.9 211,750 29,237 294,309 16, 379 194, 987 92,862 273, 367 39, 059 283,641 56, 549 +39.0 -44.0 +7.7 -58.1 2, 411, 149 392, 437 2,984,263 512, 942 +23.8 +30.7 64, 370 176,617 74, 634 236,053 38,355 249, 594 50, 192 262, 234 78, 257 340, 190 +15.9 +48.7 +33.7 -10.0 642,464 2, 161, 223 878, 183 2, 719, 023 +36.7 +25.8 191, 121 234, 096 272, 220 279, 267 197,464 +22.5 2, 327, 636 2, 738, 557 +17.7 121, 174 92, 561 86, 373 121, 307 82,096 129, 037 4,370 71, 955 46, 040 76, 118 972, 735 478,680 572, 75] 585, 422 398, 950 < Q u arterly figiires, ending Sept. 30, 1925. 96,076 126, 375 543, 490 +40.4 +31.1 1, 156, 769 1, 082, 246 684, 752 591,020 +65.3 -41.0 -41.1 +19.7 5, 302, 280 7, 133, 639 «QUarterly fi gures, en ding Sept. 30, 1924. -6.4 -13.7 +34.5 278, 096 +34.0 -10.5 -16.2 46 1925 Where available, October data have been included in this table. The cumulatives shown are in most instances, however, only through September and, where designated by a footnote, through A ugust. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July PER CENT INCREASE (+) OR DECREASE (— ) 1924 August September 985, 160 513, 994 989, 960 519,237 57,886 26, 741 64,318 24,688 158.16 83.63 112. 71 162. 83 84.73 115. 71 174. 49 85.40 126. 39 53, 423 October Septem- October Se September, *tember, r 1925, 1925, 898, 179 426,467 905,536 430, 066 912, 568 435,829 +0.5 +9.3 +1.0 +20.7 48,873 60, 765 52, 279 58,069 60, 809 60, 672 +11.1 +23.0 -7.7 -57.5 119. 18 71.06 89.85 116. 73 70.28 89.90 117. 29 69.63 90.25 +3.0 +39.5 +1.3 +20.6 +2.7 +28.7 August CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase or decrease from from SepAugust, ;ember, 1925 1924 1924 1925 1925 from 1924 BANKING AND FINANCE— Continued Agricultural Finance Loans outstanding: Federal fa m loan banks thous. of dolls.. 980, 638 Joint-stock land banks thous, of dolls.. 508,800 Federal intermediate credit banks thous. of dolls.. 58,333 Warfinancecorporation thous. of dolls. . 28,043 Stocks and Bonds Stock prices, closing: 25 industrials, average dolls, per share.. 149. 25 80.23 25 railroads, average dolls, per share.. 103 stocks, average.. dolls, per share 110. 75 Stock sales: N. Y. Stock Exchange thous. of shares.. 32, 273 Bond sales: 237, 909 Miscellaneous thous. of dolls Liberty-Victory thous of dolls 32, 192 Total. _ thous. of dolls.. 270, 101 Bond prices: 87.28 Highest-grade rails. p. ct. of par, 4% bond.. 76.78 Second-grade rails. .p. ct. of par, 4% bond.. 71.05 Public utility p. ct. of par, 4% bond.. Industrial p. ct. of par, 4% bond 76.85 Comb, price index.. p. ct. of par, 4% bond.. 77.56 22,427 18, 150 18, 126 +12.2 +103.2 179,425 305, 719 +70.4 244,041 62,231 306,272 212,357 52, 665| 265,022 247,972 45, 164 293, 136 +10.7 +14.3 4 9 -60.0 +9.2 -0.5 2,020,294 688, 535 2, 708, 829 2, 370, 524 272, 589 2, 643, 123 +17.3 -60.4 -2.4 86.06 76.78 70.52 75.17 76.73 86.09 73. 52 71.57 74.14 75.93 86.47| 73. 69| 69. 94| 73.42| 75.40 86.67 74.36 70.10 73.75 75.74 .+0.6 +1.2 +0.4 +0.9 +0.8 +0.1 +4.4 +1.4 +2.0 +2.0 101.40 101. 92 102. 10 102. 66 102. 98 -1.0 -1.2 103. 81 97.71 4.15 104.00 97.55 4.21 102. 75 97.46 4.26 103. 84 96.63 4.12 103. 68 97.00 4.11 103. 67 97.13 4.11 +0.2 -0.2 +1.4 +0.3 +0.6 +2.4 32, 865 36,886 219, 278 22, 143 241, 421 242, 657 21,066 263, 723 86.00 75.99 70.66 74.27 76.34 86.54 76.91 70.95 74.92 76.92 102. 14 102.46 103. 40 97.47 4.07 (For 1st of following month) 5 Liberty bonds p. ct. of par.. 16 foreign governments and city__ p. ct. of par.. Comb, price index, 66 bonds.. _p. ct. of par.. Municipal bond yield.. ..per cent.. Long-term real estate bonds issued:b Grand total thous of dolls Purpose of issueFinance construction... thous. of dolls.. Keal estate-mortgage.. .thous. of dolls.. Acquisitions and improvements .thous. of dolls.. All other thous of dolls * Kind of structure— Office and other commercial thous. of dolls.. Hotels.tbous. of dolls.. Apartments thous. of dolls. . All other thous. of dolls.. • 60, 099 36,428 51, 808 18, 568 39, 818 30, 549 +42.2 +30.1 203, 891 481, 262 +136.0 37, 004 9,420 21, 180 11, 515 16, 350 13, 330 15, 258 2,935 30, 038 4,400 20,614 4,200 -22.8 -45.6 +15.8 +203.0 155, 278 35, 695 280, 617 +80.7 102, 175 +186. 2 8,145 5,485 650 3,083 13,068 9,060 375 2,300 3,080 4,590 1,145 +468. 2 +193.9 -194. 2 4,578 8,340 55, 378 43,048 +416. 2 13, 756 16, 655 6,630 23,058 10, 175 5,705 6,970 13, 578 11, 270 8,755 7,025 24, 758 10, 110 3,425 4,100 933 15,8801 2,795 8,358 12, 785 20, 570 3,215 3,124 3,640 +10.8 -29.0 +53.5 +213. 2 15 9 +0.8 +82.3 +93.6 88, 772 40, 943 48, 056 26,120 179, 144 +101. 8 84, 953 +107. 5 69, 097 +43.8 148, 070 +466. 9 Corporation Stockholders ( The following figures are quarterly) Pennsylvania Railroad Co.: Domestic number.. 3 146, 988 Foreign number.. 32,966 U, S. Steel Corp. common stock: 391,910 Domestic number Foreign number.. 3 1, 525 Shares held by brokers.. .per cent of total.. 3 25. 45 American Telephone & Telegraph Co.: Domestic number.. 3 354, 279 3 3, 994 Foreign _. _ number GOLD AND SILVER Gold: Domestic receipts at mint fine ounces.. Hand output thous of ounces Imports thous. off dolls.. Exports . thous. o dolls Silver: Production thous. of fine oz Imports .thous. of dolls.. Exports thous of dolls Price at New York dolls, per fine oz.. « 143, 307 • 2, 903 * 90, 651 « 1, 526 * 25. 39 « 94, 904 » 1, 558 « 22. 82 -1.4 -4.5 +0.1 —2.1 -0.2 +11.3 < 355, 895 * 4, 102 « 338, 183 *3 199 +0.5 +5.2 +2.7 +28.2 758,316 7,342 269, 882 11, 159 727, 135 7,208 59, 831 204, 272 -4.1 -1.8 -77.8 5,631 5,829 9,465 .708 -6.1 -16.1 -38. 1 -36.5 27 6 96 +2.0 +3.2 47, 291 55, 772 79, 745 46, 694 49,195 74, 637 -1.3 -11.8 -6.4 4.46 .053 .044 .049 .385 .266 .189 4.49 .052 .044 .048 .391 .266 .192 -0.2 +8.7 0.0 -11.3 +10.8 -6.8 -2.2 -10.2 0.0 +4.4 —0.4 +0.8 -0.5 +2.1 .413 .323 .406 .325 .388 .337 —0.5' +0.5 0.0 +12.6 .999 .767 .099 .100 .999 .800 .101 .104 1.000 .836 .112 .111 0.0 +0.1 0.0 +14.6 +11.6 +33.7 +0.8 +15.4 87, 490 808 4,862 2,136 78,329 797 4,098 6,784 92, 132 810 18, 150 2,397 106,919 799 6,656 4,580 5,365 5,238 8,349 .694 4,934 7,273 8,285 .702 4,634 4,501 7,487 .716 .711 5,426 7,042 8,632 .685 5,523 7,083 10, 345 .694 4.86 .047 .037 .045 .402 .269 .194 4.85 .047 .041 .044 .402 .268 .193 4.84 .044 .040 .045 .402 .268 .193 4.50 .055 .044 .050 .388 .266 .188 .410 .366 .408 .366 .410 .366 1.000 .917 .121 .119 1.000 .917 .135 .120 1.001 .934 .148 .121 4 b +2.7 -26.7 -0.3 -38.4 +48.1 92,830 818 10, 204 4,416 FOREIGN EXCHANGE RATES Europe: 4.86 England dolls, per £ sterling.. .047 France dolls, per franc.. .037 Italy dolls, per lire.. Belgium. dolls, per franc.. .046 Netherlands dolls, per guilder,. .401 Sweden dolls, per krone-.269 .194 Switzerland dolls, per franc. _ Asia: Japan dolls, per yen.. .411 India dolls, per rupee.. .366 Americas: Canada dolls, per Canadian doll.. 1.000 .918 Argentina dolls, per gold peso.. .114 Brazil dolls, per milreis.. .117 Chile dolls, per paper peso.. 3 Quarterly figures ending June 30,1925. 8 Quarterly figures ending Sept. 30,1924. -1.0 +0.5 < 145, 583 * 2, 981 127, 184 10 5 -1.4 828 19, 702 -15.7 4,125 +217. 6 Quarterly figures ending Sept. 30,1925. See table on p. 25 of the September, 1925, issue for earlierjdata 47 1925 Where available, October data have been included in this table. The cumulative* shown are in most instances, however, only through September and, where designated by a footnote, through A ugust. Detailed data for items shown here may be found on pages 29 to 151 of the August, 1925, "Survey" July PER CENT INCREASE (+) OR DECREASE (— ) 1924 August Septem- 340, 074 100, 547 SepSeptember, tember, 1925, 1925, October from from SepAugust, tember, 1925 1924 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH SEPTEMBER 30 Per cent increase ( } or tdecrease (-) 1925 from 1924 August Septem- 350,005 254, 542 287,144 310, 752 +2.9 +21.9 100, 370 12, 843 15, 067 98,849 12,620 13, 157 106, 559 14, 119 13, 753 32, 700 36, 525 -0.2 +1.5 -10.1 +1.8 +9.4 +14.5 +11.2 +16.6 -3.2 -4.3 105, 359 100, 853 48, 929 254, 924 888, 616 112, 207 111, 461 73, 754 295, 642 +13.8 +6.5 +10.5 +50.7 +16.0 ber October 1921 1925 U. S. FOREIGN TRADE Imports Grand total thous. of dolls.. 325, 648 By grand divisions: EuropeTotal thous. of dolls.. 93, 069 France -thous. of dolls.. 9,841 Germany thous. of dolls.. 131820 Italy thous. of dolls.. 7,036 United Kingdom thous. of dolls.. 33,196 North AmericaTotal thous. of dolls.. 76, 188 Canada thous. of dolls.. 38, 915 South America — Total thous. of dolls.. 41, 487 Argentina thous. of dolls.. 5,249 Asia and OceaniaTotal thous. of dolls.. 111, 992 Japan thous. of dolls.. 32, 133 Africa, total thous. of dolls.. 3,263 By class of commodities: Crude materials ..thous. of dolls.. 124, 431 Foodstuffs, crude, and food animals _ __ -thous. of dolls 42, 366 Manufactured foodstuffs ... thous. of dolls.. 34, 231 Semimanufactures thous. of dolls.. 58,983 Finished manufactures thous. of dolls.. 64, 836 Miscellaneous thous. of dolls. _ 1,152 2,669,871 3, 079, 555 781,045 +15.3 32, 312 6,724 31,288 79, 907 11, 059 11, 869 4,108 25, 870 71, 706 36, 282 76, 548 37, 356 30,282 70, 051 73, 953 31, 297 75, 109 33, 774 +6.8 +3.5 +3.0 +19.4 779, 637 293, 791 744, 268 321, 732 -4*5 +9.5 41, 932 5,152 44, 321 34, 423 4,258 30,632 5,442 42, 103 +5.7 +44.7 +8.8 +3.0 337, 919 59, 722 388, 808 62, 308 +15.1 +4.3 119, 732 35, 727 123,239 67, 314 80, 667 82,899 +2.9 +52.8 +34.3 +34.7 -15.9 +81.6 718, 390 242, 764 52, 880 687, 014 268, 643 70, 848 +37.4 +10.7 +34.0 +47.8 896, 894 1, 228, 435 +37.0 +23.3 +55.2 +11.2 -13.4 56, 654 —11.1 +10.8 -0.4 -1.6 70, 574 2,319 +141. 8 +29.8 304, 282 426, 356 476, 859 549, 769 15, 711 356, 018 341, 964 559, 785 574, 778 18, 575 +17.0 -19.8 +17.4 +4.5 +18.2 3, 124, 491 3, 503, 168 +12.1 1, 574, 978 190, 250 281, 778 118, 413 614, 883 1, 835, 965 188, 521 338, 674 153, 503 688, 964 +16.6 -0.9 +20.2 +29.6 +12.0 14,287 13, 770 6,046 5,603 47, 970 5,766 9,026 4,745 5,526 29,610 2,848 140, 524 142, 198 83, 288 96, 242 100, 113 36, 702 29, 786 65, 302 65, 664 45, 247 33, 110 58, 021 65, 370 29,152 38,243 42,443 38,695 6,059 31, 471 30, 396 47, 140 60, 466 1,781 6,567 2,506 35,601 3,043 52, 384 66, 456 4,667 29, 308 4,128 +1.2 H Exports Grand total, including reexports. thous. of dolls.. By grand divisions: EuropeTotal thous of dolls France thous. of dolls.. Germany thous. of dolls Italy__ thous. of dolls.. United Kingdom. thous. of dolls.. North AmericaTotal . thous. of dolls Canada _ thous. of dolls.. South AmericaTotal thous. of dolls.. Argentina thous of dolls Asia and OceaniaTotal ..thous. of dolls.. Japan thous. of dolls Africa total thous of dolls Total, domestic exports only thous. of dolls.. By classes of commodities: Crude materials thous. of dolls. _ Foodstuffs, crude, and food animals thous. of dolls . Manufactured foodstuffs... thous. of dolls.. Semimanufactures ; thous . of dolls . . Finished manufactures thous. of dolls.. Miscellaneous thous. of dolls.. Agricultural exports (quantities) : All commodities .. . index number All commodities except cotton . index number.. 339, 646 379, 853 420, 318 330, 660 427,460 527, 172 +10.7 155, 027 14, 402 228, 379 20, 545 52, 117 12, 793 90, 334 156, 103 20, 524 19, 279 13, 220 65, 687 235, 729 28, 217 290,598 12, 268 57, 738 180, 873 18, 212 34, 114 11, 601 63, 099 44,381 12, 793 96, 663 26, 787 49, 651 21, 955 125, 418 +26.3 -3.1 +12.8 -27.2 +52.8 +17.4 +10.3 0.0 +43.2 -6.5 101, 556 62, 596 101, 375 60, 781 102, 819 63, 338 94, 563 50, 385 112, 150 70, 455 133, 387 86, 265 +1.4 +4.2 -8.3 -10.1 786, 370 446, 663 854, 541 490,243 +8.7 +9.8 32, 275 11, 977 38, 125 14, 390 29, 006 9,661 30, 538 12, 399 24, 224 9,628 32, 820 12, 764 23.9 -32.9 +19.7 +0.3 225, 499 83, 518 282, 948 106, 514 +29. 9 +27. 5 44, 896 10, 947 50, 790 5,876 53, 107 18, 012 44,333 9,635 49, 405 15, 765 6,123 325, 027 419, 064 518, 357 +4.6 +7.5 +36.1 +14.3 -19.5 +17.7 +10.8 —1.5 485, 416 163, 379 52, 248 3, 054, 345 455, 940 137, 875 331, 647 7,008 412,698 64, 195 28, 927 8,701 372, 467 3, 436, 991 -6.1 -15.6 +22.1 +12.5 56, 340 71, 472 131, 579 63, 044 127, 974 162,442 +84.1 +2.8 799,202 879, 273 +10.0 22, 555 43, 339 57, 802 151, 099 512 28, 564 47, 514 52, 149 31, 728 44, 378 47, 166 138, 234 477 66, 064 48 3 +7.8 +1.0 +13.7 +71.9 192, 311 257, 457 49, 556 126, 198 438 100, 285 +19.7 60, 330 +10.8 53, 354 4.0 141, 179 -16.8 767 +108.0 505, 021 1, 366, 715 +33.9 +4.2 +11.8 +13.9 +28.7 23,588 13,238 5,952 6,232 -1.7 63,774 362 34, 179 52, 659 50, 058 143, 470 753 70 82 128 92 158 204 +56.1 -19.0 125 137 158 162 229 298 +15.3 103,280 81, 492 82,074 112,414 78, 663 109, 574 61,970 63, 901 82, 456 68,183 720,958 657, 265 104, 316 -4.2 +23.1 2 5 +32.9 612, 785 74, 822 820,822 +7.3 +13.9 2,492 25, 660 6,495 23,508 10,206 22,646 4,947 18,616 20,395 12,497 25, 793 +57.1 2.0 -3.7 +11.0 42, 256 69, 238 45, 370 95, 066 +7.4 +37.3 21 22 1,273 27 25 1,195 35 37 1,278 23 23 1,202 23 18 1,314 29 20 1,715 +29.6 +52.2 +48.0 +105. 6 +6.9 -2.7 518 580 11, 442 374 507 1,647 11,035 -27.8 -12.6 -3.6 2,504 949 110 1,600 142 3,531 183 1,145 128 1,779 158 2,460 +68.6 +29.1 -10.1 -10.1 30, 684 1,686 26,466 187 -13.7 -8.7 None. 2,032 3,400 None. 155, 100 21,000 4,306 2,575 178,902 6,880 28,265 1,000 1,271 +62.7 -13.3 -63.7 -73.3 242, 542 1,534 2,496 7,550 298,413 None. 36,827 122,967 -18.7 -46.6 -8.7 121, 664 122, 305 120, 656 120, 272 124, 704 124, 689 114,417 112,802 108, 100 +3.4 +3.7 -3.0 0.0 -4.7 +15.4 +16.7 +6.1 +14.2 +32.2 1,015,793 1, 113, 468 1,008,079 1, 110, 766 +9.6 +10.2 1,017,500 +12.2 +3.5 172,406 48,834 406,033 452, 543 1, 200, 031 4,225 423,087 5,438 -31.0 CANADIAN TRADE AND INDUSTRY Total trade: Imports thous. of dolls Exports thous. of dolls Exports of key commodities (quantities) : Canned salmon thous. of pounds.. Cheese thous. of pounds Production: Pig iron thous of long tons Steel ingots thous. of long tons.. Bank clearings mills, of dolls Business failures: Liabilities thous. of dolls Firms . number Bond issues: Govt. and provincial thous. of dolls.. Municipalthous. of dolls.. Corporation thous. of dolls.. Newsprint paper: Production short tons.. Shipments short tons Stocks short tons Exports (total printing) short tons.. Building contracts awarded thous. of dolls.. 154 23,258 107, 767 22, 179 23,564 116, 232 31,207 22,864 116,278 29,743 20, 380 29,647 94,486 26, 664 10, 41S 106,882 21,547 101, 843 22,506 3,325 113, 156 112, 324 22,304 99,812 21,067 69, 012 134, 656 906,747 201, 710 1,539 208, 676 PlIBiatolp^ ClF THE DEPARTMENT OF COMMEKCE ; ,, * if\ ; ;: , >\^B6cfrit £ttblieations &f the,|^art^n$,dt;Commerce haying the most direct interest, to readers of tfio Sijiyytqr ifef BBE^* x»<r*«*^«b «™v «o*«u ^v>r^«, * «~~^i,u^ 1,^4 *^~ LH obtained by addressing the Division of Publications, &epa*tin0iil of ^—^-^--— a£ Washington;: .Copies of ihe^ubifeyti^s may be ^ftrclias^d from tile Sujperinienderit of fi>omiiiients, CrovernAent Bating Office, Washington,: at^fce^^i^^ is cMstribiitedfree: .\ ; ; -f < V/-^'' v.Yv'" • >|^ ', ; /. , . fFdr dreuyars^vto^Iaii Q{ puhKc&tJoii ^6<| ^i^ttjulaeiiof^ni^$tti>lie£ti<H&, ' ards, beginning Jiily i, National I J f f t o r of Commodity f« V '*' Financial Statistics **>fCities fBtavittg:^ Fop^atiiii olJ0V^r K:' - * ^ 30»000, ^l^^Sfc-^-vfTjLVPjfi^es»' * lp^^Mu|iti^i3^n^/''^rJ^§ ®'i, 'Fhls, , * - \ ' ' " ' . - ,«^^W«4. ^ W*w4.eA»\4«»< ^4*A'*lJ^AWx(#*i«*W%*XWi4w-/*^ *»P r *t,^ Wi*4i*w ^Vx *'*.»i ,'tlie f ;g|^%^^iia^rec^ipts, frx>m /V . ; reyeniies m d from ; ) ! * i; Al~Ji_a,^£t^!^.''Li-. ' Xi-X_'"l ... ^rt_t Jt «»VO*» ' k/' ' ii the vtorinetpal^ ~"-". —^ ^/i<;i5"i?^2i"j^r"^ir''*""^f~ "~ V^J^T ^- ', t *-i'i -vi'el^sjs^ ,.-i* • i 4>F' ->.-,/esiienieb-\a4id^oWfo^^,t %.iy. L \ . * . « j ,'.-1_, •* »,^ ftEe ... ''/ ^jpB^ijQ^ ot puDjiispect'Q.atia oeari^g tipon trie \ -ijleiit, JPrice* ^0^»'j Illustratedi/\ • -/ * '** 4 6 1 iw^'^^^^^^ |^il^f o% 1^^Sa^i r^^ ^^ 3^^&rfi&; i^^«it£^^^^^ i^*;iJi: v^^^^SS^i^l abd;«ii^t#ap||r|sM^ tfe^e Mjoyii, and Al^-to|^^^0<5c^r|^^Mr: hWf^^M:^; ft*«^''4rfW|j J Bavis; ^ ^cientafie^ap^: §f 1511; ^Bp^ges^Mu^a^i;/ Sflifiohi; \ \ > ! <S9fr)£80 WtA ;Ml ihe ^s and ^soto >^aphy^ Rice; l^"i . v,'''t' r .i "*V ; " "*'' -^ A'^i^'V^rV^"" '''-" > * ' £+k**l*^M. A*.A^t*/Kl^«4- ^,..«rfkli^^ ^A*vf ssajLvyui ^uyj^i/JQU.^ . • ;,r r ^e^itlcalNei»BBttflet^ j > k v 11 A?«^ / -Tf ',' :.annuals&feserrotioaDii^e*Sf^ ., * ^ « " 8 . t.\>-?«Ai.; :Xf..' 1;-' ,^ f r' s&fescriptioa prl^ej *-^-_>\ of the Standard Weights and ' United States, fey i^&s7jaliB'isdhei*. Hlsc^Han^^s;p^er-^4^'' ^'*•''' r ; ^'• / i"^V.s'.', boxes), ^7^- ,page§/: ;10jSK ma;el^%y^tliaai "^"-'-'^ifc"-- ^•^ ' * Jm<*t*Mr\ai*-<tr «.n«HI ttArtfl ' IM" "nfib{»A«( f ' If*» ' $ r\^ff- *\$ l\. and ,biati^b3bd0k making; t&n^^|^>§le^Jaiiitjcoppei< J>l^fe, r^,\ a6di>|ate printing; fithp^apiiingjj4^ pages, 1$^ the.ru^ber E'a.' '* ^«^l»ifi^W^t f**nKhfer ;4-,Ji**«r A«<t ^i^t^y MK^/wi^^m^hrti^ittr^nA -"V; ; '\' ( 3BttBI^;OF,^AOT^iw^^;v ^*,.^'''^v r ^ , Documented Seagoing Merchant Vessels of 500 Gross Tons ,.' AM^rl rhw^«. rt«f ^1%***. ^ ^*>fiT l^i.'D^-.KliWKft^l TvirtV.-fV.t-rr 1»24vKrt>lA.ArtA»>i** " . aj^l>Orer ' t O^t^^.l^^Publirfieii mont$ly* ^ Bii^MOpl^< k 4^;,atoualsti^scr^>ti4n, fd^. ; . ;' ' VVv',-'"^r'?/•- ; . \ •; -^ ^ > v ? \ . Radio Service Bulletin, peiot>en* 192&4*£W^I; &t ^i^tio^)'-.. t \ \ _:„ ; instters afirefiiQcuidv{»» * JjHLOMulily-* feinffile^s<c^ies< oci v \ >^ .. \ * ** N• .":• X * -'*'"* cr;v, /'. ^anii'Other a^jtwia* suoscriptionv ^5^. s ' ' tf . <' x' * j * ' \,^ ^^'""1" ' » •*•- » , ' * ' / ^ , Seagoing Vessels of the United States, l9^.^^s^0A^aJ ^^;11®^^ IMied State^ .an& is dellgned for^ ffehe use of ^nal^|^feii^&ii4 1 : i . %kTrt.»A,J—^ A«^A«B*fci»4«^tA*k-r.liV*St«^*ti*«« «M<4 all l)l<3Wrt^t«4Aa E.—AllM orders for radio publications and inquiries «n*»Xa»w^<«»A,"**<*«**, •*»«K1^I _, i-" . ' * * - * ' t" v14; ^ rrepwbsen^ a-sd}g^t;of da^a &o$ecte$; fejr; - !. C ' •tsh'iwild'fee 41«rt3ft4 t@'tfce ^pferitite^^t ^f ^ Office, Was&iaf&on, p. G.,ftM«otitotlxe Bure« *. Silicosis Among l^iaers^y E. R, Sayets. Ifo, 37? ^?4 pages. " TMs report is the result as,a heajtlai haiard., Mineral Resources of file PSltw Btate9,r l^^J^f^^^^k "•' ^ ^; ' */ ,'* ct^%faieral resource^ ieh issued in J^e form olf e^ar^fe||tiS^liBfe ; ( , j /;\ folio wing ha^e been^e&eive^;$inee(t'neannot^^ \ ' - ^ ^ ^ r~ Arsenicj • Platimiin and -allied" metalsj Graphite,!v "Feldspar.. • >*"• ^ r * ' \r ;Tliese r^orts dismiss i^dfiitol^o^i,f 306ii^Umpti.o'ii, stocks, prices, ,: , r ^ ;j«adtrade, /Pric^B^eac^. >\* . -; • ; ; " ' . 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