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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
BUREAU OF THE CENSUS :

COMPILED BY
BUREAU OF FOREIGN AND DOMESTIC COMMERCE

No. 13

: : BUREAU OF STANDARDS

SEPTEMBER

1922

CONTENTS
Page.

Summary for July
Business indicators (diagram, and table)
Wholesale price comparisons (diagram and table)
Business conditions in July
Index of raw material production
Trend of business movements (table)
Banking and prices

1
2
4
7
22
26
47

Page.

Stokers end lumber
Wages, common labor
Milk and lumber.
Miscellaneous
Dividend and interest payments
World crop summaries
Sources of data

48
49
49
50
51
51
54

SUMMARY FOR JULY.
In spite of serious labor difficulties and other disturbing factors, which under many conditions would
have seriously upset industry, there was still further
progress made in July and August. This is another
proof of the favorable underlying factors upon which
the recent business revival rests. The figures contained in this bulletin show clearly that the rate of
progress in industry and trade was perceptibly slackened in July. A part of this is to be attributed to the
uncertainties created in the minds of business men
by the coal and railroad strikes. In a few instances
actual shortage of fuel was responsible for a smaller
output, although this shortage was not serious until
after the end of July. A part of the decrease in the
rate of business activity in July and August is always
attributable to seasonal conditions. However, if it
had not been for the labor troubles it is probable that
this decline would have been far less marked.
Production records in most industries were lower in
July than in June, but the extent of the real progress
made by business is shown by a comparison of the July
figures with those of a year ago. In almost every instance production is on a much higher level than in 1921.
The iron and steel industry held its own in July
with production records two or three times as great
as a year ago. Bituminous production in July was
only about half the month's normal output, while
anthracite production throughout the strike has been
practically negligible. New high records for consumption and stocks of crude petroleum were made in
9047 °—22




1

July, while production has been exceeded by only
one month in the past,
The building industry continued to gain In July
although there were evidences of the usual midsummer
decline. Contracts let in the first seven months of
this year are 78 per cent greater in volume than for
the same period last year.
Car loading declined slightly in July, but they were
far greater than a year ago. Unemployment has
practically disappeared, and in its place there are
reports of labor shortage. Prices increased again in
July, continuing the movement begun last January,
In most instances the rise in July was not very great.
Activity on the New York stock exchange continued to be marked, although the volume of sales
declined in July compared to June, The market has
been more active in August, with prices continuing
to rise. A part of this activity in the market is no
doubt due to the general feeling of confidence in the
immediate future, but the abundance of money to be
had at comparatively low rates is also, no doubt, a
factor in the strength of the market.
There is reason to suppose that the economic losses
occasioned by the coal and railroad strikes will make
themselves felt for some months to come. Fundamental disturbances to basic industries of that kind can not
take place without having to be Daid tor in i t e V ^ i ' . n
Perhaps the most favorable feature o^ the oresrr" ^ 1
nation Is the prospect for abount Ju"*1 Tnrvrsfc * hip. Vail
This will do much to offset other le=« f\vc n\h\? ¥SC~OT>~

BUSINESS INDICATORS.
(1913 monthly average=100. See explanation on inside front cover.)
PIG-IRON PRODUCTION.
1920

1921

BITUMINOUS COAL PRODUCTIONS.
1022

..,

800

1820
i.oont

1021
r

—

COTTON CONSUMPTION.

1922

—

1920

!

600

600
400

g

400

200

to

1

8

Z 100 N

5 so;
2

\

60

V r^ V 1

i '

.

\

D
Z go

1

\ J

40

1922

|

800

400

600

1921

1.000

800

40

S^

*

. . .
^

40

20

20

10

10

1921

BANK CLEARINGS OUTSIDE NEW YORK
CITY (VALUES).

EXPORTS (VALUES).

FREIGHT TON-MILES.
1920

10

1922

1.000

1920

1921

1922

1.000

1.000

800

600

600
400

1921

1922

600

400

1920

800

400

_

j

s

800

r

s
i .

? 60
40

S

nn

80

8

X
U

is

INDEX

i

Z 100,
X af.

40

40

20

i
j

20

10

10

DEFAULTED LIABILITIES (VALUES).
1920

f.000

1921

1922

PRICE OF 26 INDUSTRIAL STOCKS.

WHOLESALE PRICES.
1.000

1020

1921

1922

1921

1022

800

800

800

1920
1.000

60Q

600

400

I

I
NUMBERS

^ ^

200

V

,

?

60

I

40

/
/




8

W

8

1
/
1
/

J5

80

80
60

S

$

INDEX N

^

100

20

10

40

'

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

MONTHLY AVERAGE.

1922

COMMODITY.

1919

1920

1921

June. July.

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May. June.

64
79
37
89
103
197
158

81
111
75
(3)
40
216
130
93
106
105

90
123
87
(3)
51
224

92
119
94
1
56
220

103
124
133

July.

105
125
149

1913 monthly average=100.
Production:
Pig iron
Steel ingots
Copper
Anthracite coal
Bituminous coal
Crude petroleum
Wool (consumption)
Cotton (consumption)
Beef
Pork
Stocks:
Crude petroleum
Cotton (mills and warehouses)
Prices:
Wholesale index, all commodities
(Dept. Labor)
Retailfood (Dept. Labor)
Retail coal, bitum. (Dept. Labor)..
Farm crops (Dept. Agriculture) l ...
Farm live stock (Dept. Agriculture).
Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks
Banking:
Bank clearings, New York City
Bank clearings, outside N. Y. City..
Commercial paper interest rate
Distribution:
Imports (value)
Exports (value)
Sales, mail-order houses
Transportation:
Freight, ton-miles

120

119
135
99
97
116
181
118
117
121
111

54
66
39
95
85
189
135
85
109
116

42
45
19
108
85
195
145
96
114
128

34
36
17
92
76
194
132
85
101
110

37
52
21
94
87
198
145
97
118
94

38
53
21
93
88
176
155
101
119
87

49
73
24
99
110
172
168
103
125
99

55
75
22
90
90
183
163
109
114
118

64
65
18
78
77
203
159
106
99
133

64
72
25
82
94
208
153
109
111
144

123

79
107
61
115
126
225
176
108
119
118

105
164

109
155

152
183

155
178

161
156

162
145

165
172

166
206

170
223

177
223

187
203

199
188

211
171

224
151

234
128

244
105

249

206

226
203
207
238
168

147
153
197
109
107

142
144
191
107
104

141
148
193
107
109

142
155
193
108
113

141
153
193
110
101

142
153
192
104
98

141
152
190
98
92

140
150
189
97
91

138
142
182
98
95

141
142
179
105
108

142
139
179
112
117

143
139
177
115
115

148
139
175
118
118

150
141
175
119
119

155
142

108
184
68

230
137
64

152
131
61

188
127
64

189
121
64

163
128
65

234
130
64

235
135
66

385
140
66

325
143
65

320
149

315
154
70

322
162
74

195
166
75

168
166
74

171

205
199
113

214
196
117

195
187
111

185
189
103

199
196
102

203
209
97

213
201
90

234
212
89

219
189
85

195
166
84

237
200
83

238
191
79

244
204
74

255
210
70

201

94

257
258
127

218
319
264

294
331
264

140
181
188

124
163
159

119
157
133

130
177
159

120
157
188

126
166
222

141
142
211

159
143
217

145
135
175

144
121
161

171
156
211

145
150
196

169
149
194

174
161
174

168
147
154

121

137

105

103

104

111

113

134

107

94

104

120

90

102

106

100
111
105

154
142
108
131

186
147
234
198

42
182

75
249
228

94
113
89

2
43
225

87

118
119
176

77
233

65

1919 monthly average =100.
Production:
Lumber »
B uilding contracts (floor space)
Stocks:
|
Beef
Pork
f
Business
finances:
i
Bond prices (40 issues)
j
Banking:
Debits to individual accounts, outside New York City
Federal Reserve, bills discounted... \
Federal Reserve, total reserves
1

100
100

100
72

85
69

92
77

85
68

94
76

92
89

97
87

98
81

89
76

90
65

95
64

103
111

108
125

126
128

132
130

125
111

100
100

70
97

43
85

40
110

35
101

27
85

25
61

27
45

33
43

35
51

33
60

31
67

29
74

27
76

24
83

21
94

20
91

100

86

87

84

85

86

88

87

90

93

102

102

104

107

108

108

109

100
100
100

118
132
97

91
91
122

89
92
120

85
85
123

85
77
127

89
72
131

95
68
134

85
66
137

100
61
137

95
44
140

84
37
141

99
33
142

94

92
29
143

98
24
144

20

30
143

93
145

Monthly prices are for the 15th of the month indicated.
Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hard
and soft woods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of
34,552,000,000 board feet reported by the census.
'Less than 1.
2




COMPARISON OF PRESENT WHOLESALE PRICES WITH PEAK AND PRE-WAR.
(Relative prices 1913=100.)

_2O0

INDEX NUMBERS
300
400

WHEAT
CORN
POTATOES

y//////////////

COTTON
COTTON SEED
WOOL
CATTLE. BEEF
HOGS

/////////////////////A

LAMBS
FARM PRODUCTS MARKET PRICE
WHEAT. SPRING
WHEAT

WINTER

CORN. NO. 2
OATS
BARLEY
RYE, NO. 2
TOBACCO. BURLEY
COTTON. MIDDLING
WOOL. OHIO. UNWASHED
CATTLE. STEERS
HOGS. HEAVY
SHEEP. EWES
SHEEP. LAMBS
FLOUR, SPRING
FLOUR. WINTER
SUGAR, RAW
SUGAR. GRANULATED
COTTONSEED OIL.
BEEF. CARCASS
BEEF. STEER, ROUNDS
PORK. LOINS
COTTON YARN
COTTON. PRINT CLOTH
COTTON. SHEETING
WORSTED YARN
WOMEN'S DRESS GOODS
SUITINGS
SILK. RAW
HIDES. PACKER'S
HIDES. CALFSKINS
LEATHER. SOLE
LEATHER. CHROME
BOOTS AND SHOES
COAL. BITUMINOUS
COAL. ANTHRACITE
COKE
PETROLEUM
PIG IRON, FOUNDRY
PIG IRON. BASIC
STEEL BILLETS

BESSEMER

COPPER

B" J " iJ | rrnr rnirr

LEAD

• • • • P R I C E IN J L 1 2
U Y 92

TIN

•

ZINC
BUILDING MATERIALS i
LUMBER. PINE. SOUTHERN
LUMBER. DOUGLAS FIR
BRICK. COMMON. NEW YORK
BRICK. COMMON. CHICAGO.
.CEMENT
STEEL BEAMS
RUBBER. CRUDE
SULPHURIC ACID




•X,

PEAK PRICE SAME AS LATEST

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

COMMODITIES.

Date and maximum
relative price

May,
1922

June,
1922.

July,
1922.

Relative price.

(1913 average=100.)

Farm products—Average price to producer:
Wheat
Corn
Potatoes
Cotton.
Cotton seed
Wool
Cattle, beef.
Hogs
Lambs
F a r m products—Market price?
Wheat, No. 1, northern, spring (Chicago)
Wheat, No. 2, red, winter (Chicago).
Corn, contract grades, No. 2, cash (Chicago)
Oats, contract grades, cash (Chicago)
Barley, fair to good, malting (Chicago)
Rye, No. 2, cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
Cotton, middling upland (New York)
Wool, unwashed, fine (Ohio)
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)
Sheep, lambs (Chicago)
Food:
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime summer yellow (New York)
Beef, fresh carcass good native steers (Chicago)
Beef, fresh steer rounds No. 2 (Chicago)
Pork, loins, fresh (Chicago)
Clothing:
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston)
Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York)
Worsted yarns: 2/32's crossbred stock, white, in skein (Philadelphia)
Women's dress goods, storm serge, all-wool, double warp, 50 inches (New York)
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (Boston)
Silk, raw Japanese, Kansai No. 1 (New York)
Hides, green salted, packer's, heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Leather, sole, hemlock, middle, No. 1 (Boston)
Leather, chrome calf, dull or bright, " B " grades (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts)
Fuels:
Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace—at ovens
Petroleum, crude, Kansas-Oklahoma—at wells
Metals:
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western, early delivery (New York)
Building m a t e r i a l s a n d m i s c e l l a n e o u s :
Lumber, pine, southern, yellow flooring, 1 x 4, " B " and better (Hattiesburg district).
Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (State of Washington)
Brick, common red, domestic building (New York)
Brick, common building, salmon, run of kiln (Chicago)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district)
Steel beams, mill (Pittsburgh)
Rubber, Para Island, fine (New York)
Sulphuric acid, 66 degrees (New York)




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

1920
1920
1920
1920
1920
1918
1919
1919
1920

326
300
706
312
321
344
183
256
239

147
100
174
156
185
174
97
121
170

130
101
173
170
173
196
99
121
182

123
104
192
173
169
195
98
.'22

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

354
302
331
296
325
451
352
331
350
218
266
319
263

158
138
99
107
109
166
208
163
186
101
125
126
160

137
118
98
99
97
139
208
173
214
104
122
100
147

142
117
103
99
103
135
208
175
218
114
121
117
163

May,
May,
May,
May,.
July,
Sept.,
July,
Sept.,

1920
1917
1920
1920
1919
1920
1920
1919

328
363
598
526
374
201
211
254

176
174
11
.6
123
162
112
116
160

164
167

173

137
154
112
123
135

154
i47
114
130
160

May,
Apr.,
May,
Jan.,
Oct.,
July,
Jan.,
Aug.,
Aug.,
Mar.
Nov.,
Mar.,

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

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

149
185
151
174
145
198
198
79
71
124
154
209

161
188
162
184
145
198
201
91
81
128
158
209

166
11
9
172
180
145
198
194
99
99
124
161
209

Sept., 1920
Oct., 1921
Aug., 1920
Mar., 1920
July,
Sept.,
July,
Mar.,
June,
May,
June,

1917
1920
1917
1917
1917
1918
1915

Feb.,
Jan.,
Feb.,
Oct.,
Sept.,
June,
Jan.,
Feb.,

1920
1920
1920
1920
1920
1917
1913
1916

ent
increase
(+) or decrease (—)
in Inly
from June.
- 5,4
+ '6.0
+11.0
+ 1.8
— 2.3

+ 3.6
- 0.8
+ 5.1
0.0
+ 6.2
- 2.9
0.0
+ 1.2
+ 1.9
+ 9.6
- 0.8
+ 17.0
+10.9
-1- 3. "
-

d iJ

i$i

+ 18.5
+
+
+
-

3.1
1.6
6.2
2.2
0.0
0.0

+ 8.8
+22.2
— 3,1
+ 1.9
0.0




COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS.
W I T H I N D E X O F ALL C O M M O D I T I E S A T W H O L E S A L E .
(TJ. 8. Department
1917

1916

of Labor

1913

Index.)

1919

1921

1920

1922
i C> hi

c

r• nh i

250

A

k

\
1

1
240

/

_

\

I
1

/

..-

230

220

-

-f-

-

-

y

/
I
I

\

1
1

\

1
\

i

/

/
/

210

/

\
\

/

o

/

200

/

O

i j

\

t

1

/

sV

/

y
\

i

>^

\

A

\

180

r

{

/
\

UJ

i

1
i

•

1
1

4

/

1
1

/

\

\i\
\

/

1

s

/

/

/
//
1; /
!

150

140

130

/
**•

A

[

\

/

\
t

/

I

/

/
-

/

110

19 3 AV EF A G E

90

\ /1
"
\ >**\
*

/

1

\
\

—

*"*

\

s,
\
1

-

120

100

s

V
•

/

1

/

w
\
'
,
\

>

/

o
190

t

f

\ /

*

BUSINESS CONDITIONS IN JULY.
12 increases compared with June and 34 in which production was less than in the preceding month, while
5 commodities showed no change. The principal
commodities in which July production showed an
increase were zinc, gold, North Carloina pine lumber,
oak flooring, corrugated and solid fiber paper boxes,
PRODUCTION.
cement, and locomotives. Slight increases occurred in
On the whole there was a significant recession in anthracite coal and pig iron. Compared with a year
industrial activity in July, compared with June and ago there were 46 increases and only 5 decreases.
the preceding months. A portion of this decline was The latter included coal, cottonseed oil, sole leather,
due to the usual seasonal slackening, a part was due and shipbuilding.
to the fact that certain industries had increased their
Compared with the 1919 average, there were 27
production too rapidly in the earlier months and re- increases, 23 decreases, while one showed no change.
quired a breathing spell for the demand to catch up. The largest number of increases occurred in the buildStill another retarding influence is found in the labor ing materials and building equipment groups. In the
difficulties. Although these resulted in fuel shortage metals only steel ingots and gold exceeded the 1919
for only a few industries in July, nevertheless the average. Among the manufactured foodstuff only
unsettled conditions were disturbing factors.
sugar shows an increase, compared with 1919. New
Out of 51 commodities, for which July production high production records were made for oak flooring,
figures are available on a 1919 base, there were only North Carolina pine lumber, and cement.
The following pages present a review, by the principal industries, of the more important statistics shown
in the table on the Trend of Business Movements on
page 26. Summaries of production, stocks, sales, and
price changes are also given.

COURSE OF PRODUCTION SINCE 1919.
RELATIVE PRODUCTION (1919=100).

RELATIVE PRODUCTION (1919== 100)

Maxi- Minimum mum 1920 1921
since since aver- aver- June, J u l y , June, July,
end of end of age. age. 1921. 1921. 1922. 1922.
1919. 1919.

Maxi- Minimum mum 1920 1921
since since aver- aver- June J u l y , June, July,
end of end of age. age. 1921. 1921. 1922. 1922.
1919. 1919.
LUMBER:

FOODSTUFFS:

Wheat flour
Beef products
Pork products
Lamb and mutton...
Sugar (meltings)
Oleomargarine...
Cottonseed oil .
Condensed milk
Butter
Cheese.
Ice cream
Corn products...

125
109
151
110
178
126
340
121
177
169
468
135

64
67
58
58
40
26
7
20
64
41
41
38

82
92
93
80
104
103
100
76
99
86
111
93

91
83
97
94
92
60
164
71
119
83
154
90

73
87
107
89
92
26
47
108
177
138
468
85

91
77
91
80
95
38
40
81
151
102
240
78

73
95
124
83
164
35
11

98

98

Cotton (consumption)
Wool (consumption)
Sole leather
Boots and shoes

114
126
95
2
108

57
42
63
86

109
83
82

87
95
79

89
102
81

79
93
76

98

88

72
93

72

Anthracite coal
Bituminous coal
Beehive coke
By-product coke
Crude petroleum
Gasoline.
Kerosene .
Gas and fuel oil
Lubricating oil
Electric power...

119
137
127
4123
149
159
110
142
135
119

101
121
110
122
117
123
99
146
124
113

99
89
30
79
124
130
83
127
104
105

106
89
15
67
128
130
73
130
89
100

96
80
11
62
128
127
71
127
93
101

1
58
29
123
1-15
159
89
142
114
118

• 2
45
28
119
148

54
57
37
47
95
113

42
41
18
51
85
90

34
33
17
41
83
124

93
107
89
75
101
108

94
101
85
83
92
130

96
96
91

108
95
98

96
94
91

104
120
108

99
118
100

163
51
9

CLOTHING:

FUELS:

.

2

(3)

41
11
4 62
104
98
71
93
89
98

132
140
4 89
126
129
181

34
33
38
80
79

119
121
94
105
100
88

118

128
116
119

75 i
64
50 ;

112
84
94

TOBACCO:

Cigars l
Cigarettes *
Manufactured tobacco l
1
2

69
20
33

94
121
98

99
67
88

97
108
86

97
97
91

131
147
158

117
147
162

204
174
130
122
120
161
120
238
125

8
57
44
27
28
21
33
42
47

121
122
102
89
82
105
91
106
103

78
109
79
60
59
88
57
123
83

156
92
84
74
71
135
76
135
90

142
89
73
48
42
96
75
128
77

112
130
68
110
78
113
233
118

108
127
58
78
238
104

143
138
114
126
130
135
121
129
142

55
64
69
64
77
65
55
30
18

109
117
110
121
120
119
113
104
104

66
68
76
71
87
80
61
54
98

62
64
82
64
78
69
57
49
89

123
102
111
110
118
113
109
116
95

103
96
105
98
113
102
97
120
128

130
127
132
4 173
124

13
43
34
4 61
48

106
120
100
125
104

40
63
100
122
69

28
53
91
139
54

13
43
96
143
48

82
95
132
168
88

81
93
116
173

238
235
200
130

65
86
80
30

149
112
110
72

120
127
122
69

118
123
123
77

142
124
121
68

238
224
197
130

204
184
160
111

6 190
6 99
135
79

6 51
6 32
9
2

114
102
89
67

120
41
26
24

190
99
51
5

162
81
57
6

PAPER:

Mechanical wood pulp
Chemical wood pulp
Newsprint
Book paper.
Wrapping paper.
Paper board.
Fine paper
Corrugated paper boxes5 5 ..
Solid fiber paper boxes .

87
79
89
79
94
85
71
65
89 •

Silica brick
Clay fire brick
Face brick
Cement... .
Glass bottles .

BUILDING EQUIPMENT:

Baths, enamel
Lavatories, enamel
Sinks, enamel
Buildings (contracted for)..
TRANSPORTATION VEHICLES:

As represented by tax-paid withdrawals.
Since November, 1921.




131
172
162

STONE, CLAY, AND SAND PRODUCTS:

METALS:

Pig iron.
Steel ingots
Copper
Zinc
Silver
Gold (receipts)

Yellowpine
Western pine
North Carolina p i n e . . .
California white and sugar
pine
California redwood
Douglas fir
Michigan hardwoods . . .
Michigan softwoods
Northern hardwoods
Hemlock. .
Oak flooring
Maple flooring.

Automobiles, passenger..
Motor trucks
Locomotives...
Ships

3 Less than 1.
* Since Jan. 1,1921.

93
46
50 *"*36'
47
30

> Relative to last six months of 1919.
e Since July 1, 1921.

COMPARISON or JULY PRODUCTION WITH PRE-WAR.

C O U R S E OF PRODUCTION SINCE 1919.

(Relative production 1913-100.)

(Relative production 1919=100.)

INDEX NUMBER
300
WHEAT FLOUR
WHEAT FLOUR

K

BEEF PRODUCTS
PORK PRODUCTS

BEEF PRODUCTS
SUG
PORK PRODUCTS

OLEOMARGARINE
COTTONSEED OIL

LAMB AND MUTTON

CONDENSED

MILK

BUTTER
OLEOMARGARINE

CHEESE
ICE CREAM
CORN
CLOTHING MATERIALS

PRODUCTS

COTTON (CONSUMPTION)
WOOL (CONSUMPTION)

BOOTS AND SHOES
ANTHRACITE

COAL

BITUMINOUS
BITUMINOUS COAL

COAL

BEEHIVE COKE

BEEHIVE COKE
GASOLINE
BY-PRODUCT COKE

KEROSENE
GAS AND FUEL OIL

CRUDE PETROLEUM

LUBRICATING OIL
ELECTRIC

POWER

PIG IRON
PIG IRON
STEEL INGOTS

STEEL-INGOTS

COPPER
ZINC

COPPER

.SILVER
ZINC

COLD i RECEIPTS)
CIGARS

SILVER

CIGARETTES
MANFD.

GOLD

TOBACCO

CIGARS
NORTH CAROLINA

PINE

CIGARETTES
REDWOOD

CALIFORr
MANUFACTURED
TOBACCO

DOUGLAS Fltt
MICHIGAN

HARDWOODS

MICHIGAN

SOFTWOODS

NORTHERN

HARDWOODS

HEMLOCK
OAK FLOORING
MAPLE

OAK FLOORING

FLOORING

MECHANICAL

CEMENT

WOOD PULP

CHEMICAL WOOD PVLP
NEWSPRINT

BATHS 'ENAMEL)

BOOK PAPER
LAVATORIES
(ENAMEl

SINKS (ENAMEL)

WRAPPING

PAPER

PAPER BOARD

'%//#>. l<* W//////A
i
TRANSPORTATION

LOCOMOTIVES

F I N E PAPER
SOLID FIBER PAPER BOARD
SILICA BRICK
CLAY FIRE BRICK
FACE BRICK
CEMENT
GLASS BOTTLES

INDEX OF MINING PRODUCTION.

A further advance occurred in the index of mineral
production hi July as compiled by the Department of
Commerce. This was due largely to an increase in
the movement of iron ore. The increases in petroleum
and zinc production were also important factors. All
minerals, except bituminous coal, copper, and silver,
gamed in July compared with June. The combined
index for July was 105.8, compared with 97.2 hi June,
using the average for 1909-1913 as 100.




SINKS. ENAMEL
BUILDINGS(CONTRACTED
AUTOMOBILES. PASSENGER
MOTOR TRUCKS
LOCOMOTIVES
SHIPS

The following table gives the recent figures compared with the corresponding months of 1921. The
complete table, together with a discussion of the
method of compiling the index, will be found in the
May issue (No. 9) of the Survey (p. 22).

INDEX OF MINING PRODUCTION.

I N D E X OF MARKETINGS OF ANIMAL PRODUCTS

(Relative production 1909-1913 = 100.)

(Relative marketings 1919=100.)

1921

200

1922

180
July.

June.

Mar.

Apr.

May.

June.

July.
160

106.3

*120.8

*67.8

222.7
85.6
97.9
172 3
18.6
94.7
65.7
57.0
77.3

258.0
141.3
121.7
65.2
124.5
112.1
45.5
82.9

246.9
44.4
0.4
2.1
80.5
119.0
108.0
46.3
82.0

112.8

Total, excluding lead,
gold, and silver

96.0

223.5
95.3
108.2
171 7
20.3
93.5
81.8
41.1
79.7

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

99.9

128.1

68.2

*79.8

*97.2

257.1 *252.0
57.7
62.8
0.5
1.2
35.6
169.9
94 0 100 0
*119.2 *119.3
116.1 *241 7
52.7
49.6
94.3
84.4
81.2

100.9

140

105.8
313.1
47.9
2.7
230.6
95.5
120.9
270.6
59.6
86.0
109.9

160
140

s

CC
120 Ui

1919 /W E R l

z

> - <

IOO I

X
lu
Q
Z
60
40

•Revised.

20

I N D E X OF MINERAL PRODUCTION.
(Relative production 1909-1913=100.)

rV

\A
V

A

\

V

\

\

\

o

X

1909- 1913

AVERAQ E
%

1

The following table gives comparative figures for
recent months and the corresponding months of last
year. A detailed description of this index, together
with the complete tables, will be found in the Jun e
issue (No. 10) of the " Survey" (p. 18).
INDEX OF MARKETINGS OF ANIMAL PRODUCTS.
(Relative marketings 1919=100.)

Q
2 60

1921
June.

1921

NOV.
DEC.
JAN.
FEB.
— MAR.
S APR.
» MAY
JUNE
JULY

FEB.
MAR.
APR

NOV.
DEC.

ADD

FEB.
MAR.

1920

On page 25 of this bulletin there will be found a
table of index numbers of mineral production using
the monthly average production for 1919 as a base
equal to 100. This latter table has been prepared for
comparison with the index numbers of production for
other commodities. This latter comparison is also
discussed in this bulletin on pages 22 and 23.

July.

April.

May.

June.

July.

101.8

Total

• ^ Z _l u Q. H
< ^ 3 D Uj C

1922

Wool
Cattle and calves
Hogs...
. . .
Sheep
Eggs.
...
Poultry
Fish...
Milk

90.9

106.9

119.6

113.6

105.7

72.0
77.0
95.6
81.7
129.5
60.0
100.8
128.9

138.5
65.4
72.9
78.4
95.0
52.5
86.3
129.6

54.2
71.6
82.1
54.2
245.0
56.5
75.8
115.1

93.8
91.5
100.0
74.7
217.8
73.5
87.4
132.4

164.3
85.7
101.0
75.1
162.4
81.8
90.8
132.1

227.3
83.3
79.7
74.0
131.3
84.4
107.9
128.8

INDEX OF CROP MARKETINGS.

The index of crop marketings compiled by the Department of Commerce showed a slight seasonal
increase in July. The index number for July stands
at 79.4, compared to 75.4 in June and 102.1 in July
last year. In July, 1920, the index was 72.0. The
heavier movement of wheat in July, which offset the
smaller marketings of other cereals, contributed to the
INDEX MARKETINGS OF ANIMAL PRODUCTS.
increase in the combined index. The marketings of
The July index of the marketings of animal prod- all vegetables, except sweet potatoes and onions, deucts showed a further seasonal decline, compared clined in July, reducing the index for this group from
with May and June. The weighted index number 157.7 to 112.2. There was a substantial increase in
stood at 105.7, compared to 113.6 in June; 90.9 in the marketings of fruits in July compared to June.
The following table compares the index numbers
July last year, and 93.8 in July, 1920. The decline
from June was caused chiefly by the smaller move- for recent months with the corresponding months of
ment of cattle, calves, and hogs although the seasonal 1921. This table continues the figures in the more
decrease in the volume of eggs marketed was also a detailed tables given in the July number (No. 11) of
factor. These declines were partly offset by a large the "Survey." A description of the methods and
increase in the marketings of wool and smaller in- data used in compiling this index will also be found on
pages 17 to 20 of the July number.
creases in the movements of poultry and fish.
9047°—22——-2




10
INDEX OP CROP MARKETINGS.
(Relative marketings 1919=100.)
1921

1922

June.

July.

April.

May.

Grand total

88.9

102.1

53.9

*85.7

75.4

79.4

Corn.
Wheat
Oats. . . .
Barley .
Rye
Rice

235.0
95.8
106.8
49.8
36.7
72.1

117.8
196.9
115.0
39.7
64.1
63.2

97.0
49.6
48.6
24.3
35.5
50.7

180.6
92.3
101.5
37.9
114.4
14.9

207.8
66.7
91.1
42.2
45.7
7.3

173.2
125.5
87.3
29.5
35.9
3.5

127.0

160.8

60.1

111.0

99.5

125.9

117.5
6.6
363.3
47.4
82.4
19.6

113.5
21.1
155.2
85.1
22.0
25.5

128.0 *135. 4
91.3 *53.9
230.7 *338.8
177.6 *131.0
192.7 *191. 6
211.4 *71.7

145.6
15.6
492.1
51.0
107.9
17.5

122.4
33.4
154.8
74.6
28.1
36.1

124.4

104.7

140.2

*147.6

157.7

112.2

5.9
154 6
*143.6
02
01
437.0
434.1
254.5

17.2
354 9
93.8
15 3
178.6
757.3
450.2
2.7

26.2

17.1
*25 6
•137. 2 *114.5

16.9
127 0
71.0
588.6
551.9
396.7

35.1
280 1
45.2
10 5
167.7
656.3
511.0
5.6

90.4

108.9

*65.2

*160.1

88.9

93.2

62.8
22.5

57.8
17.8

41.3
6.1

56.5
3.8

48.2
5.1

37.3
4.3

56.8

51.9

36.1

48.7

41.8

32.4

46.4
4.1
130.8
12.7

48.1
14.9
118.9
54.0

54.0
5.6
32.1
14-8

53.8
1.6
49.8
14.6

69.2
1.5
48.5
25.3

49.8
2.4
27.5
32.0

24.3

33.3

24.4

22.8

28.9

press. The June index number, however, has been
completed and shows a further increase over the preceding months. The index number for June is 126.9,
compared with 122.1 in May; 92.3 in June, 1921 and
112.7 in June, 1920. The marketings of all species of
lumber increased in June, compared with May except
redwood and the hardwoods, maple, birch and
beech. The figures so far available indicate that the
forestry production index will show a distinct decline
in July.

22.3

Total grains
Potatoes (white)
Sweet potatoes
Tomatoes
. .
Onions
Cabbage..
Celery
Total vegetables
ADt)les.
Peaches
Citrus fruit
Grapes..
Pears
Watermelons
Cantaloupes
Strawberries
Total fruit
Cotton
Cotton seed
Total cotton products
Hay
Tobacco....
Flaxseed
Cane sugar
Total miscellaneous

0.4 *118.1
*7.0
0.4
361.3 1,891.9

June. July.

I N D E X OF FORESTRY PRODUCTION.

(Relative monthly production 1919=100.)
200
180

CO

cr

r
CO

—

D

/l9l!

AVEF

.20 £

RAGE'

\922
Q

100 Z
80 Q

"192?

80

z

z

o
UJ
Q

•Revised figures.
INDEX OF CROP MARKETINGS.

/

180

>

160
140

1919

80
60

AVEF

w

AGE

f

-180

-160

1
i

V\\\

The following table contains figures on this index for
recent months. A detailed description of the methods
and data used, together with more extended tables,
will be found on pages 18-21 of the August number
(No. 12) of the " Survey."

-140

N \

INDEX

-f-

OF FORESTRY

PRODUCTION.

[Relative production 1919«=100.]
1922

1921
June.

40
20

- 20

July.

April. I May.

June.

July.

- 40

n

o
Q

INDEX OF FORESTRY PRODUCTION.

Figures for July on all of the forestry products used
in this index are not available as this bulletin goes to




Yellow pine
Western and sugar pine
and white fir
D ouglas fir
Redwood
Hemlock
Maple, birch, and beech...

91.1

Grand total

!

103.7

121.9

127.1

115.2

111.7
74.0
94.5
64.1
78.6

80.4
114.4
137.7
79.4
80.7

140.2
126.0
184.7
87.3
85.6

150.8
132.5
145.4
117.3
75.1

129.1
114.9

93.1

Total lumber...
Pulp wood
Gum
Distilled wood

92.2

123.2
85.7
118.5
72.5
112.8

86.7

101.7

120.7

126.7

56.9
178.0
30.3

51.3
196.0
23.3

107.3
96.7
64.0

117.2
177.7
64.9

109.2
193.1
58.7

92.3

86.9

101.7

122.1

126.9

193.9

11
of beef products, cottonseed oil, raw cotton, zinc, and
flaxseed.
The lower rate of production in July for many indusOf the 12 commodities for which stockfiguresare
tries was conducive to a decline of stocks toward the
available on a 1913 base, seven show stocks below the
end of the month in these commodities. Of 41 commodities for which July stock figures are available on average of the prewar year.
STOCKS O F COMMODITIES C O M P A R E D W I T H P R E - W A R .
a 1919 base 29 showed decreases compared with June
[Taken at end of each month.]
and 12 increases. Many of these changes are largely
controlled by seasonal conditions.
STOCKS.

RELATIVE STOCKS (1913 = 100.)
COURSE

O P COMMODITY STOCKS S I N C E

1919.
1921
1920
average. average.

(Relative stocks 1919-100.)

July,
1921.

June,
1921.

June,
1922.

July,
1922.

NUMBERS
600
Wheat (visible).
Corn (visible)
Oats (visible)....
Coffee..
Cotton (total)
Crude petroleum
Pig iron (merchant)1
Zinc
Tin.
Oak flooring
Cement 2 ..
Tobacco
Flaxseed..

FOODSTUFFS
BEEF PRODUCTS
PORK PRODUCTS
LAMB AND MUTTON
SUGAR ( RAW )
COTTONSEED OIL
WHEAT ( VISIBLE)
WHEAT FLOUR
CORN ( VISIBLE )
OATS (VISIBLE)
BUTTER

127
71
89
89
155
109
38
99
183
258
80
114
33

134

41
326
198
92
177
155
92
221
138
418
99
135
80

196
152
84
195
127
375
91
131
74

9
393
245
57
105
244
41
73
128
225
96
131
6

69
208
216
90
156
161
92
227
136
391
93
69

79
265
211
59
61
249
32
70
196
230
75
2

CHEESE
1

EGGS

Relative to 1914.

2 Relative to stocks at end of 1913.

POULTRY
STOCKS O F COMMODITIES S I N C E 1919.

FISH
COFFEE

[Taken «t end of each month. ]

APPLES
RICE (DOMESTIC)

RELATIVE STOCKS (1919=100).
CLOTHING MATERIAL
77771
FUELS

COTTON < TOTAL >

Maximum
since
1919.

CRUDE PETROLEUM
GASOLINE

Mini1920 1921
mum
June, July,
aver- aversince
1921. 1921.
age.
age.
1919.

June, July,
1922. 1922.

KEROSENE
GAS AND FUELOIL
LUBRICATING OIL
PIG IRON (MERCHANT)
ZINC
TIN
YELLOW PINE

,

MICHIGAN HARDWOODS
MICHIGAN SOFTWOODS
OAK FLOORING
MAPLE FLOORINQ
SILICA BRICK
FACE BRICK

BEZK2D

CEMENT
BATHS (ENAMEL)
LAVATORIES (ENAMEL )
SINKS( ENAMEL)
ROSIN
TURPENTINE
MECHANICAL WOOD PULP
CHEMICAL WOOD PULP
NEWSPRINT (ATMILLS)
BOOK PAPER
WRAPPING PAPER
PAPER BOARD
Fir^Ei PAPER
TOBACCO ( TOTAL )

BCE2D*

I.

FLAXSEED

i i 1

]

M MAXIMUM SINCE 1919
j JULY
i MINIMUM SINCE 1919

Compared with July, 1921, there were 30 decreases
and only 11 increases. Stocks of all kinds of construction materials are far below what they were at
this time last year. In 20 out of the 41 commodities
stocks were higher at the end of July than the average
stocks in 1919. New high records since 1919 were
made for stocks of eggs and for crude petroleum. New
low records since 1919 were made in July in the stocks




FOODSTUFFS:
Beef products.
124
Pork p r o d u c t s . . .
129
Lamb and mutton
928
332
Sugar (raw)..
321
Cottonseed oil
Wheat (visible)
184
149
Wheat flour
Corn (visible)
1 482
Oats (visible)
316
174
Butter
Cheese
156
240
Eggs.
Poultry
156
Fish 2.
110
Coffee
177
Apples
391
360
Rice (domestic)
CLOTHING MATERIALS:
136
Cotton (total)
FUELS:
232
Crude petroleum
Gasoline
189
153
Kerosene
173
Gas a n d fuel oil
162
Lubricating oil
METALS:
146
Pig iron ( m e r c h a n t ) .
247
Zinc
528
Tin
CONSTRUCTION7" MATERIAL:
143
Yellow pine .
108
Michigan h a r d w o o d s
152
Michigan softwoods.
277
Oak flooring
222
Maple flooring
115
Silica brick
181
Face brick
276
Cement3
:
301
B a t h s (enamel)
95
Lavatories (enamel)
122
Sinks < enamel)
175
Rosin4
215
Turpentine 4
PAPER:
143
Mechanical wood p u l p . . . .
138
Chemical wood p u l p
175
Newsprint ( a t mills)
131
Book p a p e r . .
, 130
W r a p p i n g paper
' 132
P a p e r board
112
Fine paper
O T H E R AGRICULTURAL PRODUCTS:
132
Tobacco (total")
1,578
Flaxseed
1

30
27
89
3
65

70
97
183
110
127
89
95
174
69
89
99
82
70
73
146
181
159

43
85
324
157
158
93
76
622
211
81
79
101
72
72
145
162
159

40
110
104
264
80
28
57
795
154
93
90
184
41
52
150
8
130

35
101
80
167
31
48
75
509
168
93
90
184
32
65
147

53

95

120

108

101
61
106
75
81

104
98
126
89
85

145
134
134
151
143

39
71
130

60
108
332

102
67
80
59
55
81
107
102
29
21
34
41
< 13
55
64
71
66
36
70
74

20
38
25
44
12
28
54
108
16
6
28

92
27

20
91
39
324
12
55

79

21
94
44
290
20
66
58
960
192
102
86
240
52
34
93
3
94

95

64

53

148
159
145
162
162

153
145
137
165
160

253

238

132
212
232

145
240
251

146
247
248

54
79
234

51
71
356

127
72
105
161
103
103
140
170
50
31
53
104
109

129
98
141
234
199
107
153
193
179
78
89
164
149

131
108
151
260
209
103
133
212
202
87
88
160
119

134
108
143
244
209
99
138
198
154
95
94
175
157

117
78
95
140
173
93
133
204
99
49
66
149
35

116
76
116
144
159
90
123
160
71
45
56
160
53

78
63
97
75
48
79
79

108
99
125
115
101
117
101

140
111
111
127
112
125
111

127
102
107
119
113
119
108

99
98
131
130
123
105

122
99
88
122
127
118
102

121
102
117
550 1,242 1,332 1,157

117
103

27

Index number less than 1.
2
On loth of month.
3 Relative to stocks at end of 1919.
< Relative to season beginning April 1, 1919.

648
164
156
120
250
46
41
97
63

175
106
172
141

12
PRICES.

There was a general tendency toward higher prices
in July. The wholesale index of the Department of
Labor rose 5 points for the month, making the index
number 155, compared with 100 as the 1913 average.
There has been a steady rise in this index since January, 1922, when it reached its low point of 138.
During the seven months of this year there has been a
total increase of over 12 per cent.
The principal increase in July occurred in the group
of fuel and lighting commodities, which rose nearly 13
per cent, compared with June. There was a rise of 4
points in the index of farm products. All other
groups of the Department of Labor index rose in July,
except chemicals and drugs and house furnishing
goods, each of which declined slightly, and miscellaneous commodities which showed no change.
On the other hand, Bradstreet's wholesale index
showed practically no change during July and Dun7s
index number declined one point, although up to this
time both of these index numbers have been rising
each month. The retail food index of the Department of Labor rose one point in July, making the total
142, compared with 100 as the 1913 average.
The index numbers of farm prices as compiled by
the Department of Agriculture show little change in
July. A decline of one point brought the index of
crop prices at the farm to 118, compared to 100 in
1913, while the livestock index remained at 119, the
same as in June.
The cost of living index, compiled by the National
Industrial Conference Board, showed a slight increase
in July.
The prices of individual commodities, as given in the
table and chart on pages 4 and 5, showed increases in
all groups in July. Of the 60 commodities listed 31
showed advances, 18 declined, and 11 showed no
change. The largest relative number of increases
occurred in the groups of farm products and foods.
The largest absolute advance for any of the commodities listed occurred in coke, which rose 59 per
cent, compared with June. Calfskins increased 22
per cent, sugar rose 12 per cent, and sheep 17 per cent.
The largest declines in price occurred in crude petroleum which dropped 14.5 per cent and in sulphuric
acid which was 11.3 per cent lower.
SALES.
The effect of the unsettled business conditions and
the usual summer dullness combined to reduce the
volume of sales during July. Of the 14 individual
commodities for which July figures are given in the
accompanying table only two, sanitary pottery and
leather belting, showed an increase over June. How-




ever, with the exception of sales of fine cotton goods
every one of these commodities showed a large increase
over July a year ago. In some instances this increase
was more than 100 per cent. Eight of the 14 commodities showed sales greater than the 1919 average.
Distribution movements continued to maintain or
increase their recent improved conditions. Advertising, postal receipts, and security sales were all lower
than in June, due partly at least to seasonal influences.
COMPARISON OF "SALES IN DIFFERENT LINES OF BUSINESS.
RELATI\H SALES (1919=100
E

Maximum
since
end
of
1919.

Minimum 1920 1921
since aver- aver- June, July, June, July,
end age. age. 1921. 1921. 1922. 1922.
of
1919.

INDIVIDUAL COMMODITIES:

Pig iron (merchant)
351
Freight cars
1 575
Structural steel
178
Baths, enamel
215
262
Lavatories, enamel
Sinks, enamel
222
Sanitary pottery
129
Oak flooring
260
Maple flooring
135
Redwood lumber
157
Clay firebrick...
174
Leather belting
129
Abrasive paper and cloth. 148
Fine cotton goods
127
129
Elastic webbing
Paper
147
Printing 1
168
Optical goods *
143

DISTRIBUTION MOVEMENT:
2

Wholesalers
Mail-order houses 1
Chain stores J

14
8
27
12
27
25
7
23
17
21
33
35
40
5
25
71
106
47

97
333
101
53
73
65
34
54
36
77
120
98
111
26
87
127
148
114

34
97
66
59
77
73
43
119
63
74
45
42
65
81
81
89
121
73

19
75
70
63
74
78
33
103
57
57
44
42
67
74
87
80
118
73

31
45
63
68
83
69
44
93
49
34
33
46
60
69
80
85
106
47

64
655
134
184
221
189
97
208
98
106
112
60
43
116

"***2i

122
126
93

70

107
136
242

62
50
82

99
102
118

87
71
124

88
60
110

97
50
108

93
66
127

99
58
126

145
154
125

95
114
98

113
123
120

113
147
106

107
149
109

95
147
103

121
163
115

106

135
162

84
91

109
122

98
110

101
109

111
106

98
112

144
129

58
85

122
114

78
103

67
104

58
87

71
108

66
S3

110
178
489
122

35
67
61
87

72
105
100
120

55
94
180
102

70
101
198
106

36
82
170
94

92
105
259
118

58
68

58
685
117
142
151
141
129
181
78
79
108
69

8ERVICES:

Postal receipts *..
Telephone receipts 1
Telegraph tolls *
Railroad revenuesPassengers *
Freight*
AdvertisingMagazine
Newspaper
SECURITIES:

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

1

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

TEXTILES.

Imports of wool in July increased over the low
figure reported for June. Receipts of wool in the
Boston market during July showed a very large increase compared to recent months. The total of
71,307,000 pounds was nearly double the receipts in
June, and larger than for any other single month in
the last two years and over. Large increases occurred in the receipts of both domestic and foreign
wool. On the whole, the activity of woolen and
worsted machinery showed a slight decline, compared with June, and in most instances we*e considerably less than a year ago. Little change was
noted in the prices either of raw or of manufactured
wool compared with the preceding month.

13
Woolen Company, Boston, Mass., Faulkner & Colony
Mfg. Co., Keene, N. H., and the Fields Mfg. Co.,
Mouth of Wilson, Va.

EXPORTS AND CONSUMPTION OP COTTON.

WOOL

CONSUMPTION.

(Allfiguresreduced to grease equivalent.)

1922

Pounds.
42,574,000
52,533,091
52,620,985

April
May
June
Total (January to June, inclusive)

a>aa>a>a>a>a>

1921

Per cent
increase
(+)or
decrease
( - ) ; 1922
over 1921.

Pounds.
43,466,000
48,183,000
47,103,000

- 2.1
+ 9.0
+11.7

314,151,398

232,911,000

+34.9

MONTHLY AVERAGE
COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS.
400

300

V

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A

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U

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CD
U.

o
co !
Q
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1920

l
1921

kUOOiiJ
W O Z Q

SKsSii
1922

Unfortunately, no comparable figures on the consumption of wool by textile mills are available for
recent months. This is due to the fact that the
American Woolen Company and one or two smaller
firms have failed to furnish their figures. The
Bureau of the Census has compiled reports for the
months of April, May and June of this year and
last, excluding those firms which have not reported.
The figures are given below and have been compiled
from returns made by 612 manufacturers in May and
617 in June, but do not include data for the American




Consumption of cotton by textile mills declined
to 458,548 bales in July or almost 50,000 bales less
than in June. Exports of raw cotton also declined
to 373,742 bales, the lowest figure in the past year with
the exception of February. A part of this decline is
clearly attributable to the seasonal effect of the crop
year end.
Imports of cotton were also smaller than in any
recent month, but considerably larger than a year
ago. Stocks of cotton at mills and warehouses continued their seasonal decline. The total stocks in
both positions at the end of July amounted to
2,703,000 bales, compared to 3,268,000 bales a month
before, and 4,834,000 bales at the end of July last year.
Exports of cotton cloth in July totaled 60,238,000
square yards, a decline of 4.2 per cent from the June
figure, but considerably larger than a year ago.
Exports for the first seven months of this year were
26 per cent greater than in the same period of 1921.
The number of active cotton spindles increased in
July, but there was a decline of nearly 8 per cent in
the number of active spindle hours.
Prices of both cotton and cotton goods rose slightly
in July compared to June.
In the manufactured field there was a decline in the
production of both knit underwear and fine cotton
cloth. There was a very large decline in the sales
of fine cotton cloth, although both orders and shipments of underwear increased.
The consumption of raw silk declined compared
with May and June, while stocks increased. The consumption of raw silk in the first seven months of 1922
have been about 9 per cent less than in the same
months of last year. The price of raw silk in New
York declined during July.

14
The Bureau of the Census has announced its preliminary summary of the carpet and rug industry for
the year 1921. This is one of the first reports from
the biennial census of manufactures as authorized by
Congress. Seventy establishments reported in 1921,
compared to 75 in 1919. The total quantity of products as measured in square yards showed little change
compared with 1919, although the value was distinctly lower.
The following table summarizes a few of the important figures. More details can be obtained from
the Bureau's preliminary statement:
CARPET AND R U G INDUSTRY: 1921 AND 1919.
QUANTITIES.

VALUE.

Thousands of square
yards (000 omitted).

Thousands of dollars
(000 omitted).

1921

1921

1922

1922

52,696

52,173

99,340

110,116

9,493
11,120
32,083

11,966
12,472
27,735

21,221
23,447
54,672

23,569
34,589
51,958

2,018

Total carpets and rugs
Total carpets
Rugs, sewed strips
Rugs, woven whole

13,138

All other products
METALS.

The movement of iron ore on the Soo Canal in
July totaled 8,943,000 tons, an increase of 35 per cent
over June, and more than double the movement in
July, 1921. During the four months in which the
canal has been open to traffic the movement of ore
this year has been 23 per cent greater than a year ago.
Pig iron production registered another small increase of
less than 2 per cent over June. The total output for
July was 2,400,000 tons. Steel ingot production for
July, prorated to 100 per cent, exceeded 2,843,000
tons, a decline of 5.6 per cent compared with June,
but 200 per cent greater than in July last year. For
the seven months of 1922 pig iron production has
exceeded the output in the same months of 1921 by
53 per cent and steel ingots are 63 per cent in excess.
PRODUCTION OF PIG IRON AND STEEL INGOTS, AND UNITED
STATES STEEL CORPORATION'S UNFILLED ORDERS.
II

/

1
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9

/

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w

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MONTHLY AVERAGE




—
C1
O>

FEB
MAR.

'

O)
O5

MAY
(O JUNE
g JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

c

C
O
O5

JAN.
FEB
MAR.

1
c
o

NOV.
DEC.

^ 3

1921

1922

Reports on merchant pig iron showed a marked
drop in production, sales and unfilled orders, while
shipments were slightly greater than in June. Stocks
of pig iron both at merchant furnaces and at steel
plants as reported by the Association declined 20 per
cent or more in July. Unfilled orders of the U. S.
Steel Corporation continued to increase, reaching a
total of 5,776,000 tons in July. A year ago unfilled
orders totalled 4,830,000, and at their recent low point
in November they amounted to 4,251,000 tons.
Foundry production as reported by the Ohio State
Foundrymens' Association increased 15 per cent over
June.
Exports of iron and steel again declined, reaching
the lowest figure in the last 8 months except for the
short month of February.
Prices of all iron and steel products tended upward
in July although in no case was the increase very
great. Our quotations showed a slight deorease in
basic, valley furnace iron.
The locomotive industry continued to increase
both its shipments and unfilled orders in July. Domestic shipments of locomotives increased 82 per
cent and unfilled orders were 44 per cent greater.
Domestic orders for freight cars also increased about
5 per cent compared with June. Sales of structural
steel declined compared to recent months, but for the
seven months of this year they are 141 per cent
greater than in the same period last year. Production, sales and stocks of sheets showed a marked
decline compared with a month ago. Sales of sheets
fell off 47 per cent compared with June.
The Bureau of the Census has issued a preliminary
statement with regard to the locomotive industry in
1921. Nineteen establishments reported in 1921,
compared to 17 in 1919. The number of persons employed decreased 37.4 per cent compared to 1919,
while salaries and wages declined 44.6 per cent. The
number of steam locomotives manufactured in 1921
was 2,031, valued at $78,271,128, compared with
3,251 in 1919, valued at $130,892,650.
Copper production in July totaled 91,317,000
pounds or nearly 5 per cent less than the revised production figure of 95,633,000 pounds in June. Production so far this year has exceeded last by about
32 per cent. Exports of copper were also slightly
less than in June, but far larger than a year ago.
Zinc production in July amounted to 63,834,000
pounds, an increase of 12 per cent over June and the
largest output for any month since the end of 1920.
Stocks declined slightly during the month, while
receipts and shipments at St. Louis were approximately 40 per cent less than in June. The price rose
about 5 per cent.
Stocks of tin increased over 50 per cent in July.
There was no change in price. Lead shipments and
receipts at St. Louis both showed a pronounced decline
in Julv.

15
FUELS.

The output of bituminous coal in July amounted
to only 17,003,000 tons, compared to 22,309,000 tons
in June and 30,394,000 tons in July last year. The
July production is the lowest for any month during
the strike except for April, when production was only
15,780,000 tons. The July drop was due largely to
transportation difficulties in the limited non-union
territory which was producing. The total production
of bituminous coal in the 7 months of 1922 was
about 23,000,000 tons, or 10 per cent, less than in the
same period of 1921.
PRODUCTION OP ANTHRACITE COAL.
J

f1

A

UA IV \

\

p

i

V

i

1915 1916 19 7
MONTHLY

1918 1919

1920

AVERAGE

192

if i \l

m

i

p

i.00

19 4

19 3

i

OCT

E

1

=i

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A
\

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55 I*

1921 is about 30,000,000 tons below last year. This
represents a decrease of 58 per cent and forms about
one-third of the average annual output of the anthracite mines. There is no possibility of making up all
of this loss and there will have to be considerable
substitution of bituminous or other fuels during the
coming winter. Anthracite storage declined about 40
per cent in July and is now less than one-fifth of
the average stocks carried in 1921.
Coke production also declined in July, both in
beehive and by-product. Exports of coal and coke
declined further, as might be expected. Coal prices,
so far as quotations are available, show only moderate
increases in July. The price of coke advanced nearly
60 per cent during the month.
The production of crude petroleum in July was
approximately 1,000,000 barrels greater than in June.
The output of 46,593,000 barrels ranks as the second
largest month on record, being exceeded only by
March, 1922. Stocks of crude increased more than
5,700,000 barrels, and at 261,478,000 barrels, establishes another new record for the industry. Consumption also exceeded all past records with a total
of 51,387,000 barrels, an increase of 6.6 per cent over
June. Imports showed a slight decline. The price
of Kansas-Oklahoma crude dropped from $2.25 to
$1.93 per barrel. The number of new oil wells completed during the month was 1,798, an increase of
nearly 9 per cent over June. *
PRODUCTION, CONSUMPTION, IMPORTS, AND STOCKS OF PETROLEUM.

on

PRODUCTION OF BITUMINOUS COAL.

260

1

240

\
\
U

220

.__

/

\
\

\
\

200

-A—

1 j

V %
V

I 1
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L
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o

o
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1

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V

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1920

CON

192

!

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•p"BODVJ

Zffl

\\i

MONTHLY

o> o> o)
AVERAGE

i

• iMPor r s '

_
J

—T
OJ

;'

CD0- S

-—•

]
;

3** c

192

ZQ

1922

192 2

Anthracite production has been practically negligible during the whole of the strike. In July 116,000
tons of steam anthracite were produced by river
dredging. Anthracite production for the 7 months of




S U M

—^—t

IMI
Q ••Wt
fo * >ORTS cc r»
to
o> o» a> o> CT
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it

OCT.

Is

APR.

DEC.

OCT.'

1918 1919 1920 192
z«
AVERAGE

I
|

60

20

MONTHLY

I

80

/ |

I
- " " " • *

PRODUCTION

i

19 13 IS 14 1915 1916 tS 7

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2 IOO

1 1
i

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C 160
C

,

V

/

AUG
SEPT

\

MAY
JUNE
JULY
AUG
SEPT
OCT
NOV
DEC.

/

S
§

\

S
*

i

Gasoline production in June, the latest figures
available, showed a further increase and established
another new record in this industry. Domestic consumption also made a new high record at 506,964,000

16
gallons. Stocks, on the other hand, declined slightly,
but at 824,966,000 gallons they were only 30,000,000
gallons below the peak reached last April.
The production of other important petroleum
products, including kerosene, gas and fuel oil, and
lubricating oil showed slight increases in June, while
stocks remained relatively stable.

production of passenger cars totaled 223, 201 compared
with the maximum monthly output for the industry
of 263,008 reached in June. In July last year the
production totaled 165,574 cars. Truck production
in July this year totaled 21,243 machines compared to
25,982 in June, and 10,766 in July, 1921.

STOCKS OF CATTLE HIDES (PACKER) AND PRODUCTION AND STOCKS
OF LEATHER (SOLE AND BELTING).

The cost of building continued to rise during July,
reaching new high marks for the year. The index
numbers available indicate that building costs are
from 60 to 80 per cent above the corresponding figures
for 1913. Building contracts awarded in July in the
27 northwestern states showed a decline in the number
of square feet of floor space compared to recent
months. The total of 51,705,000 square feet represents a drop of nearly 15 per cent compared with the
maximum of 60,256,000 square feet awarded in June.

400

i
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LIONS OF
i

Co

-t—

VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES.
T STOC K S

—'

MILLIONS OF SQUARE FEET

so

j
150

BUILDING OPERATIONS.

—
—
'

1919 M O N T H L Y
AVERAGE
1920 M O N T H L Y
AVERAGE
1921 M O N T H L Y

• — i —

i

i

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100

I92C

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192

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FEB.

2

1
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S MAR.

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OCT

fe
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FEB.

0

SOLE-LEATHER PRODUCTION
K—L. —p-f- T" "p—p f
"-

—
'
DEC.

-

•—>

.

—

IS

j :

PAPER AND PULP.

The production of newsprint declined about 5 per
cent in July. The output amounted to 120,839 short
tons. Shipments from the mills and consumption
by publishers each declined in about the same proportion as production. Stocks increased, particularly those in the hands of and in transit to publishers. Prices showed little change but with a slight
rise in the spot market for domestic paper. Both
the production and stocks of other principal kinds
of paper decreased. The same was true of the production, shipment and consumption and stocks of
wood pulp, both mechanical and chemical.
Paper purchases by printers also showed a marked
decline in June compared to May. Printing activity
was also less in the former month.
The production of material for paper box containers, both corrugated and solid fiber board, showed
marked increases in July. This industry showed the
highest rate of activity for any month since the fall
of 1920.
AUTOMOBILES.
The production of automobiles and trucks in July
showed the first decline since last January. The July




30

40

AVERAGE

50

—

20

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

MARCH
APRIL
_ MAY
O JUNE
>
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
< MARCH
N
2

APRIL
MAY
JUNE
JULY

I

I

The July figure is the smallest recorded since
February. All classes of buildings, except industrial
buildings and hospitals and institutions shared in this
loss, although the most important was the decline of
over 7,000,000 square feet in residential building. The
total value of the contracts awarded in the same territory, however, showed an increase over June. This

17
was largely accounted for by the large increase in
contracts let for public works and public utilities.
From its nature, such construction can not be expressed in square feet, but in value only. The total
value of all contracts awarded in July was $350,081,000
of which $108,951,000 was for residential construction,
$79,162,000 for public works and utilities, $40,690,000
for educational building, while $44,020,000 were for
business buildings, and $31,883,000 for industrial
structures.
For the first seven months of this year contracts
awarded in the territory covered have totaled
342,295,000 square feet, compared to 196,729,000
square feet in the corresponding months of last year.
This is an increase of 74 per cent. Residential building has increased 87 per cent, business building has
been 78 per cent larger, and industrial building 61 per
cent greater, while educational buildings increased
72,5 per cent in floor space, compared with the same
months of last year.
Fire losses showed a marked increase in July with a
total of $36,668,000 or 50 per cent more than in June.
BUILDING MATERIAL.
The production of all species of lumber except North
Carolina pine showed a seasonal decline in July. The
most marked decline, amounting to 28.7 per cent, was
in Michigan softwoods, chiefly hemlock, Southern pine
production was 10.6 per cent less than in June, and
Douglas fir dropped to 2.6 per cent. Shipments also
declined, except for Michigan hardwoods and North
Carolina pine.
In the flooring industry there was a further slight
increase in the production of oak, but maple flooring
showed a decline of 12 per cent. Shipment and orders
booked, as well as unfilled orders on hand, all declined
in July as compared with June.
Production of all kinds of brick reported to the department showed slight declines in July. Shipments
and stocks of face brick both declined, but there was a
slight increase in unfilled orders. The price of common brick remained steady in the New York districts,
but rose in Chicago.
Cement production again increased in July, with a
total output of 11,557,000 barrels. Shipments for the
month totaled 13,850,000 barrels. Both figures mark
the peak movement of this commodity for the period
since monthly figures have been available.
In the sanitary enamel ware industry there was a
marked decline both in orders shipped and in orders
received compared with the high point reached in
June. Even after these reductions of from 14 to 25
per cent, orders in July were from 50 to 100 per cent
above the 1919 monthly average.
Orders received for sanitary pottery increased approximately 33 per cent in July compared with June.
9047°—22




3

NAVAL STORES.

The net receipts of turpentine at the three principal
ports in July were slightly greater than in June, but
smaller than for the same month last year. Rosin receipts showed a slight decline from the high mark
reached in the preceding month. Stocks of both commodities increased, but turpentine in storage is far
below the quantity at this time last year. Rosin
stocks, on the other hand, exceed those of a year ago.
FERTILIZER.

The Bureau of the Census has completed the first of
its semiannual reports on sulphuric acid and acid phosphate used in the manufacture of fertilizer. The data
were compiled from the reports of 198 establishments
of which 69 manufactured sulphuric acid. These
establishments represent practically all of the fertilizer
industry other than the dry mixing plants.
The following table gives the production, sales and
inventory, January 1 to June 30, 1922, as compiled
from these reports:
PRODUCTION, SALES AND INVENTORY, JAN. 1 TO JUNE 30,

1922.

Sulphuric add: Basis, 50° Baume.
Met tons.
129,610

On hand January 1,1922
Manufactured

560,351

Total....

689,961

Incoming shipments, on purchases *
Outgoing shipments, on sales to fertilizer manufacturers i
Net excess—purchases over sales
Outgoing shipments, on sales for other purposes than making fertilizers
Used in making fertilizers
On hand June 30,1922

245,081
89,652
155,429
84,544
650,189
108,955

Add phosphate.
AVAILABLE PHOSPHORIC ACID.

Per cent.

Net tons.
Total units.o

Inventory, Jan. 1,1922

Average.

Range.

2,129,339

32,818,093

15.9

1,490,332
In pile as acid phosphate
In base and complete goods
639,007
Purchased....
47,047
Transferred from other plants of same
organization
34,554
Manufactured (made in plant reporting)
1,198,724

25,469,294
7,348,799
813,541

17.1
11.5
17.3

513,353

14.9

3.1-36

20,104,992

16.8

15.0-19

Total
Sold as acid phosphate
In bags
In bulk
Transferred to other plants of same
Inventory, June 30,1922
In pile as acid phosphate
In base and complete goods
Total sales, transfers, and inventory
Used in manufactured goods sold

15. 3-18
6.5-24
10.0-44.6

3,409,664

54,249,979

1,053,437

17,533,284

16.8

666,095
387,342

10,912,739
6,620,545

15.9
17.1

145,232
1,179,755

2,347,736
18,845,864

16.2
16

8.0-18. 2

929,783
249,972

15,916,740
2,929,124

17.1
11.7

13.6-20
6.0-29. 2

2,378,424

38, 726,88-4

1,031,240

15,523,095

15.0-19
14.4-18

15.1

a A unit equals 20 pounds. Total units, tons multiplied by per cent.
i For the purposes of this compilation, transfers from or to other plants of the
same company are reported as purchases or sales, as the case may be.

18
Exports of wheat and flour in July were equivalent
to 19,098,000 bushels, an increase of nearly 5 per cent
over June, and the largest for any month, since last
November. Exports for the first seven months of
this year are about 45 per cent less than for same
period of 1921. Receipts of wheat at the principal
markets totaled 39,534,000 bushels, compared to
20,997,000 bushels in June and 61,994,000 bushels
in July, 1921. Prices of wheat showed an increase
for No. 1 northern in July at Chicago but a slight
decline for red winter. Flour prices showed a corresponding fluctuation.
Exports of corn including meal amounted to
14,395,000 bushels in July, a marked increase over
the preceding two months. Exports of corn for the
seven months of 1922 have been about 63 per cent
greater than a year ago. Receipts at the principal
markets declined in July but shipments increased.
Grindings by starch and glucose manufacturers showed
a slight decline. The price of No. 2 corn at Chicago
advanced in July.
Exports of oats declined from the high mark
reached in June, but are still far above the average
per month. Exports so far this year, including meal,
have totaled 20,601,000 bushels, compared to only
3,888,000 in the same months of last year. This is
an increase of 430 per cent.
Exports of barley showed a large increase over
June and were the largest for any month since last
November. Exports of rye were much smaller than
in either May or June.
The total exports of all cereals in July were equal
to 43,438,000 bushels, or approximately the same as
in June. Measured in this way, our cereal exports
so far this year are 3 per cent less than a year ago.
The domestic movements of rice were all slightly
less than in June. Stocks showed a further decline.

827,966,000 pounds on August 1, 1922, compared to
861,636,000 a month before, and 922,059,000 pounds
at the same time last year. Both production and
consumption of pork killed under Federal inspection
increased in June compared to May. Prices of hogs
declined slightly in Chicago, according to our quotations, while fresh pork loins made a substantial increase.
INSPECTED SLAUGHTER, CONSUMPTION, AND COLD-STORAGE HOLDINGS OF BEEP PRODUCTS.
[

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M O N T H L Y AVERAGE

.920 1921 2

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OCT

CEREALS.

u i
22

.920

INSPECTED

SLAUGHTER, CONSUMPTION, EXPORTS, AND
STORAGE HOLDINGS OP PORK PRODUCTS.

COLD-

MEATS.

Receipts, shipments, and slaughter of both cattle
and hogs showed material seasonal declines in July.
But in each instance the movement for July this year
is significantly greater than in the corresponding month
of last year. Exports of beef products totaled
15,281,000 pounds in July, a decline of about 5 per
cent below the June figure and less than in July last
year. Cold-storage holdings of beef also declined and
were only a little more than half as large as on August
1, 1921. Both the production and consumption of
beef products increased slightly in June, the latest
figures available. Prices of cattle and beef showed
substantial increases in July.
Exports of pork products increased about 11 per
cent over June. Cold-storage holdings of pork totaled




1913

1914

1916

.9.6

.9.7

1918

1919

MONTHLY AVERAGE

.920

I92L

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£: „ „• d L . « * > * >
£

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1920

I

1921

Receipts and shipments of sheep and lambs at the
primary markets were slightly smaller in July, but
the shipments of stocker and feeder animals and the
slaughter increased over June. Cold-storage holdings
of mutton declined in July and were less than half as
large as a year ago. Prices of both sheep and lambs
made substantial increases during the month.

19
OTHER FOODSTUFFS.

The total landings of fish in July as reported by the
Bureau of Fisheries totaled 18,738,000 pounds, a substantial increase over recent months. Cold-storage
holdings of fish also increased.
Receipts of poultry at five markets were slightly
larger than in June, but cold-storage holdings declined, although still substantially above those of a
year ago. Receipts of eggs at five markets showed
the usual seasonal decline, but were above those of o
July last year. Eggs in storage on August 1 totaled
10,225,000 cases, compared to 7,605,000 cases on the
same date last year.
Exports of condensed and evaporated milk showed
a very heavy decline in July. The total of only
8,823,000 pounds is the smallest for any month since
before the war.
Cold storage holdings of butter and cheese showed
marked seasonal increases in July. The stocks of
both commodities are well above those held at this
time a year ago.
Meltings of raw sugar in July showed only a slight
decline from the high records attained in recent
months. Domestic stocks of raw increased during
the month. July exports of refined sugar were only a
little more than half as great as in June and were the
smallest for any month since last February. Receipts of raw at Cuban ports fell off in July as did the
export movement from Cuba. Cuban stocks continued to decline.

RELATIVE PRODUCTION OP CIGARS, CIGARETTES, AND MANUFACTURED TOBACCO.
(1913 average-KX )

...
/
300

/

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250

t/
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fi rv^

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100

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M O N T H L Y 'it
AVERAGE




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FEB.

300

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SEPT.
OCT.
NOV.
DEC.

350

1

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i
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p1 X

NOV.
DEC.
JAN.
FEB.
MAR.
APR.

400

1
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SEPT.
nr.x

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IMPORTS, MELTINGS, AND STOCKS OF RAW SUGAR.

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MONTHLY

AVER

I

WATER TRANSPORTATION.

Traffic through the Panama Canal in June showed
a marked decline compared with April and May. To
a considerable extent this decline is seasonal. The
movement this year, however, is substantially larger
than for the corresponding month last year. Traffic
on the Sault Ste. Marie Canal increased over 2,000,000
tons in July and is approximately that much greater
than it was in July, 1921.
RAILROAD TRANSPORTATION.

There was a marked drop in the number of surplus
idle freight cars during July. The total number of
idle cars at the end of July was 174,927 compared
with 339,225 at the end of June, a decrease of 48 per
cent. Idle box cars decreased 64 per cent. There
was a corresponding increase in the number of cars
requested which could not be supplied. The shortage
of box cars at the end of July totaled 16,550, compared
to only 1,397 at the end of June.
The weekly average car loadings for July were
slightly lower than in June although considerably
higher than a year ago. The decrease compared with
June occurred chiefly in coal loadings although there
were smaller declines in live stock, forest products
and miscellaneous loadings.
Total operating railroad revenue for June amounted
to $473,785,000, which was a substantial increase over
the two preceding months. Operating expenses
totaled $363,984,000, the largest for any month of
this year. The net operating income in June
amounted to $76,594,000, which with the exception
of March, is the largest for any month this year.
The total net operating income for the six months
of this year shows an increase of 140 per cent over
the corresponding months of 1921.
The number of Pullman passengers carried in July
was less than in June, but greater than in preceding
months of this year.

20
poration effective September 1, 1922. As shown elsewhere in this bulletin, this brings the average wage
per hour from 30 cents, which has been effective since
August 29, 1921, up to 36 cents.
Immigration showed a marked increase in July with
a total of 41,241. There was a further decline in
emigration.

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

y
i

960

\
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too

IS

860

\

800

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1

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760

v\

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700

A1
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DISTRIBUTION MOVEMENT.

Total sales of the two largest mail order houses
declined in July, although there was an increase in
the business of Sears, Roebuck & Company. Chain
store sales on the whole were slightly less than in
June, although there were many instances of individual
increases. Sales by cigar stores increased. In almost
all instances business in July of this year exceeded
that of a year ago.

660

I* 00
O

660

Z
» 450

§/ \

n
A

1/ \
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I 400
350

1 \l

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300

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260

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150

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1917 1918 1919 1920 I92lj
MONTHLY AVERAGE
S

Q

S

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200

SALES OF MAIL-ORDER HOUSES AND CHAIN STORES.

\

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1

ORTAGE JL

; si M i s
1920

1

1922

192)

LABOR.

The number of workers employed in New York
State factories showed no change in July while there
was a slight decrease in the number employed in
Wisconsin factories. Average weekly earning in
Wisconsin and the total factory pay rolls in both New
York State and in Wisconsin showed small declines.
Unemployment in Pennsylvania decreased over 20
per cent for the month.

MONTHLY

AVERAGE

Department store sales showed the usual midsummer decline in July, but for both June and July
sales were at approximately the same level as a year
ago. Ther was a marked increase in the sales of the
American Wholesale Corporation.
IMMIGRATIGN, EMIGRATION AND IMMIGRATION QUOTA.
Magazine and newspaper advertising both showed
the usual seasonal decline in July, but both were above
the levjel of a year ago. Postal receipts were about 12
1
/
\
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per cent less in July than in June but some $2;000,000
I
\Y
more tjian in July of last year. Total postal receipts
jl
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f
[V s A
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so far this year are about 9 per cent greater than a
\
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year ago.
\
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PUBLIC FINANCE.
A
1
AThe outstanding debt of the United States showed
v
1—
Y
no significant change in July, although there was a
reduction of about $500,000,000 in the outstanding
Liberty and Victory loans. Customs receipts were
_J—
slightly less, while ordinary receipts were less than
half as large as in June, due to income tax payment
A movement of particular importance was the re- in the latter month. Disbursements were also much
cently announced increase of 20 per cent in the wages less than either a month ago or a year ago. Money in
paid to common labor by the United States Steel Cor- circulation showed an insignificant decline in July.
120
110

\

100

90

A

80

70

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/

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20

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192

1922

21
BANKING AND FINANCE.

Debits to individual bank accounts declined both
in New York City and outside during July, indicating
relatively smaller activity than in June.
BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS.
28

\
\

f

26
24
22

1

LIFE INSURANCE.

\

Reports compiled from the principal life insurance
companies showed a small seasonal decrease in the
new business written in July. The total life insurance
written by these companies, which represent about
77 per cent of the total insurance outstanding, has
amounted to $3,670,837,000 in the first seven months
of 1922. This is an increase of 8 per cent over the
same period of last year. The largest increase has
been in group insurance which for the seven months
is 117 per cent greater than a year ago. New industrial insurance has increased 15.6 per cent over
the same period of last year.

V
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Bills discounted by the Federal Reserve Banks continued to decline in July and the total is less than
one-fourth of what it was a year ago. Total deposits
also decreased, while reserves increased slightly. The
reserve ratio for the Federal Reserve System rose
nearly 2 points in July, reaching 79.2 per cent.
Federal Reserve member bank loans and rediscounts
declined slightly in July, while investments increased,
as shown in the detailed tables in this bulletin. Interest rates declined both for call and time loans.

t

A

4

BUSINESS FINANCES.

Failures showed a slight increase both in number
and in liabilities in July, but there has been a substantial reduction compared with the records reached
in the early months of this year.
NUMBER OP BUSINESS FAILURES AND AMOUNT OF DEFAULTED
LIABILITIES.

2

LOANS AND DISCOUNTS AND TOTAL INVESTMENTS OP FEDERAL
RESERVE MEMBER BANKS.

? t

9 £ »-' > C
3 Ul O O u

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922
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JULY
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JAN.
FEB.
MAR.
APR.
MAY
JUNE S
JULY 1
2
AUG.
SEPT.
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MAY
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5 MILLIONS O

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22

FOREIGN EXCHANGE AND FOREIGN TRADE.

With the exception of sterling, which remained
constant, there was a distinct decline in the exchange
rates for the principal European currencies in July.
French, Italian, and Belgian monies each declined as
well as a large drop in the value of the mark. Since

the first of August the mark has reached still lower
levels and is now practically useless as a medium of
trade. The general index of foreign exchange compiled by the Federal Reserve Board declined 2 points
during July.
Exports from the United States in July totaled
$305,000,000, a drop of nearly $30,000,000 compared
either with the preceding month or with July a year
ago. Imports amounted to $251,000,000, compared
to $260,461,000 in June, and $178,159,000 in July
last year.
There was a distinct increase in the British exports
trade for July. The total of $60,419,000 is the largest
recorded for any recent month.. British imports
decreased compared with the preceding two months.
Canadian import and export trade both declined
in July. The same was true of Japanese trade.
IMPORTS AND EXPORTS OF THE UNITED STATES.

700

\,

>
600

>

\

—

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-

/

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A.
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LIONS OF C

For the seven months, total liabilities are 17 per cent
greater than a year ago. Dividend and interest payments were slightly larger in July. New incorporations
totaled $634,259,000 in authorized capital, an increase
of 113 per cent over June. New capital issues were
considerably less than in June.
There was a further rise in the average price of both
industrial and railroad stocks on the New York
exchange in July. However, the volume of stock
sales for the month declined 37 per cent. Since the
end of July the market has been more active.
Sales of bonds were also slightly less in June. This
was true of both liberty-victory bonds and miscellaneous issues. The average prices for all grades of
bonds continued to advance during the month.
Receipts of gold at the mint in July were larger
than in any recent month. Imports of gold also
showed a large increase, going from $12,977,000 in
June to $42,987,000 in July. Exports of gold declined, amounting to only $645,000.
Silver production declined but there was a slight
increase in imports for July. There was a slight
decline in the price of silver both at New York and
at London.

/

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300

0

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1813 19 4

1916

1916 1917

MONTHLY

1918 19 9

AVERAGE

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1920 1921 z
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1920

\

182

J \ i i
1922

COMBINED INDEX NUMBERS OF RAW MATERIAL PRODUCTION.
In the past four issues of the Survey of Current Business there have been published a series of index numbers designed to show the trend of production or
marketing of the chief classes of raw materials produced in the United States. These four classes of
products—minerals, animals, crops, and forestry—
are combined below in an index of the aggregate production of raw materials.
The year 1919 is used as a basis for this combined
index, as three out of the four separate indices were
compiled on that base. The mineral production index,
which was based on a five-year pre-war average (19091913), must be changed to a 1919 base* for this
purpose.

of Current Business, are the weights to be taken for
the year 1919.
INDEX OF MINERAL PRODUCTION.
(1919 Average=100.)

|

S120

-^-120 g

5
\ loo

i 919 AVERAG E

.

100

1 \

80 g
2
60

MINERAL PRODUCTION ON 1919 BASE.

The only data necessary to "explain the mineral production index on a 1919 base, outside of those given
in the original compilation of the mineral index on a
pre-war base in the May issue (No. 9) of the Survey




2
X

i
Ui

z

a
D
<

b.
tu

f-

o

o

>
o

z

o
tu
Q

23
For purposes of weighting, the value of each product
as reported by the census of 1919 has been taken, and
where the value of an individual product is not given
separately, the individual value has been arrived at
by prorating the combined total in accordance with
the proportionate values of these products as reported
by the Geological Survey for 1919. By this method, all
the items are weighted on a comparable base—the
value at the mine. Actual values reported by the
census and by the Geological Survey in 1919, together with weights used in the index, are shown
below:
VALUE, 1919 (MILLIONS
OF DOLLARS).

Census
report.
Bituminous coal.
Anthracite coal...
Petroleum
Iron ore
Copper
Lead
Zinc
Gold
Silver
Total
Total, all minerals
1

1,146
364
694
218
181

}
\
)

f
76 X
178 /
\

Final
weighting.

Geological
Survey.
1,160
365
775
203
239
45 1
66 |
60 i
63

115
36
70
22
18
3
4
4
4

VALUE, 1919 (MILLIONS OF DOLLARS .
Used in deTotal Marketable
tailed index. production. production.
Minerals
Animals..
Crops
Forestry

2 757
5 089
7,765
686

3 174
5'900
14, 755
1 1,200

3 174
5 107
l] 765
802

19
30
46
. 5

16, 848

1

Total
1

Final
weighting.

100

Partly estimated.
RESULTS.

The large proportion which the crops bear of the
total raw materials—almost half the total value,
even after excluding large duplications with animal
values—is reflected in the total index number. The
year 1920, part of which was in a boom time, shows up
lower than 1919 in raw material marketings because
crop marketings were lower, while in 1921, when
mining and forestry were in a great depression, the
large marketing of crops raised the index number over
the 1919 base.

276

!

2, 757

2 976 j!

1

3 174

4, 613

COMBINED I N D E X OF R A W MATERIAL P R O D U CTION.

(1919 Average=100.)

il

180

180

160

Including Alaska.

160

COMBINED INDEX.

To obtain proper weights to combine the four
groups the value of the marketable production in
1019 of each group was taken as a basis. For minerals, the total production was taken for this purpose.
For animals, the total production was arrived at by
adding to the products already used in the animal
index the production of a few animal products of
small value whose figures were not available monthly.
For crops the same figures as were used in the crop
index were taken, as the few marketable crops omitted
would have no appreciable effect on the total index.
For forestry, the total marketable production, as
stated in the description of the forestry index, was
taken.
The following table shows for each group of raw
materials the value of products (a) on which the
detailed indices were based (b) on the whole group,
including such large duplications as hay and grain fed
to animals, (c) on the marketable production, as well
as the final weights used:




D
Z 100 * ,
X
U
U
Q 80

z

1

\

1919 A VERA GE

322 ""

r

> - <

s

5
100 z
HI
80 Q

z
60

40

The total raw material index is subject to seasonal
variation and again depends largely on the seasonal
movement of crops. From August through January
the index is usually above the yearly normal, while other
months are usually below. October is generally the high
point. The index for 1922 since January has shown an
increased output over each corresponding month of
1920, but for March, April and June, 1921, the index
numbers exceed those for the same months of this year.




24
INDEX NUMBERS OF PRODUCTION OF RAW MATERIALS.
Prepared by the Department of Commerce.
[Relative to monthly average for 1919 taken as 100.]

MINERALS ANIMALS.
(total).
1919 monthly average
1920 monthly average
1921 monthly average

CHOPS.

FORESTRY.

TOTAL.

100.0
113 9
92.0

100.0
95.4
97.5

100.0
93 9
111.6

100.0
101 6
85.5

100.0
98 5
102.4

106.4
93 6
106.5
93.1

97.9
79 7
92.7
90.1

113.7
87.6
74.2
49.1

96.9
97 0
109.8
113.9

106.7
86 8
87 7
73.0

May
June
July
August

111.1
122.6
124.5
128 6

105.3
105.6
93.8
94 4

49.7
59.2
72.0
75 1

111 0
112 9
104.7
108 4

81 1
87.9
90.2
92 7

September
October
November....
December

120.5
131 8
123.0
114.2

92.4
91 4
102 5
98.6

114.4
161 9
147.0
122.0

104 8
101 8
89 2
69.0

108.5
132 0
126 2
110.9

97 6
84.8
89.1
83 2

95 0
86 1
99.5
102 2

119 5
96.2
93.8
66.1

60 6
67 1
80.4
84 3

105 0
89 6
94.0
81 1

May
June
July
August

93.9
100.5
91.3
97.0

102.6
101 8
90.9
96.4

83.1
88 9
102.1
126.5

93.2
92 3
86 9
93.0

91.5
95.9
110.2

September .
October
November
December

92.0
102.3
89 6
83.9

94.8
100.0
97 9
103.3

151.2
175.2
120 4
117.3

88.8
92.5
96 1
90 5

119.9
134.7
106 6
105.4

93.1
96 2
116.3
62.5

96.4
87 8
102.5
106.9

101.1
96 0
77.2
53.9

89.9
85 7
99.3
101.7

97.6
93.1
93.3
73.8

72.6
85.0
84.7

119.6
113.6
105.7

85.7
75.4
79.4

122.1
126 9

95.2
91.2

1930.
January
February
March.. .
April

. . .

. . .

1921.
January
February
March
April

.

.

.
,

QK O

1922.

January
February
March
April
May
June....
July

25

INDEX NUMBERS OF MINERAL PRODUCTION.
Prepared by the Department of Commerce.
[Relative to monthly average for 1919 taken as 100.]

PETROLEUM.

BITUMI- ANTHRANOUS
CITE
COAL.
COAL.

IRON
ORE.

COPPER.

LEAD.

ZINC.

100.0

100.0

1919 monthly average

100.0

100.0

100.0

100.0

1920 monthly average
1921 monthly average

117.4
124.8

121.5

101.1
99.1

111.8

100.0
94.0

48.9

36.7

January

107.3
104.0

March

113. i

April

113.0

127.6
105.3
122.7
99.4

103.4

February

88.9
107.0
84. S

May
June
July
August

116.0
117.4
121..4
124.1

iO2.1
118.2
117.9
128.1

119.2
125.8
122.9
123.8

January
February
March
April

112.3
93.8

99.5
43.8

GOLD.

100.0
82.1
81.4

Production
Total pro- without
SILVER. duction.
lead, gold,
and silver.
100.0

100.0

99.8

113.9
92.0

100.0
114.6
92.2

1920.
102.2
98.4

111.4

100.8

120.9

3.8

97.3

111.2

108.4
111.3
112.5
109.3

158.4
206.1
218.4
208.1

96.4
97.3
92.0
97.6

115.1

128.8
136.6
134.8
136.5

63.2
109.7
101.4
113.3

206.6
204.3
131.5
3.2

87.9
88.2
89.4
80.2

121.6
112.3
130.1
127.2

105.5
80.8
79.6
72.2

100.9
104.9
100.9
104.9

2.2

47.7

May
June

133.6
128.4

July
August

127.9
130.1

87.3
88.7
79.6
90.5

101.9
106.1
96.0
98.0

63.0
152.4
100.0
100.6

September
October
November
December

H6.3
113.2
123.2
133.3

92.0
114.6
94.4
80.'9

97.0
103.3
93.4
81.5

82.9
73.7
11.3

January
February

137.1
129.7

85.2

March
April

148.2
141.8

98.5
107.3
131.5
41.3

92.1
119.3
0.4

May
June
July

147.6
144.7
148.0

53.7
58.4
44.5

0.5
1.1
2.7

!
.1
!

September
October
November
December

106.4
93.6

110.0

106.4

106.5
93.1

93.6
106.5
93.1

104.0
98.7

111.1
122.6
124.5
128.6

111.1
122.6
124.5
128.6

92.7
91.7
84.8
74.2

120.5
131.8
123.0
114.2

120.5
131.8
123.0
114.2

98.6

1921.
80.2

104.3
92.9
86.7
78.7

67.5
43.2
40.5
43.8

67.7
67.3
71.8
72.4

103.9
115.7
128.7
93.9

97.6
84.8
89.1
83.2

98.1
84.5
88.9
83.3

22.6
18.1
16.6
20.0

82.8
84.8
85.9
93.2

47.8
51.2
41.1
38.8

68.1
64.8
89.8
94.5

90.6
85.2
82.6
85.1

93.9
100.5
91.3
97.0

94.5
101.5
91.5
97.2

19.5
23.0
20.9
17.3

91.5
105.0
100.5
119.7

38.1
38.5
56.1
58.3

57.1
130.6
100.9
91.8

89.2
100.0
80.2
82.5

92.0
102.3
89.6
83.9

92.6
101.9
89.4
83.4

1.9

24.1
34.9
58.1
71.9

122.7
113.5
113.0
107.9

62.8
59.6
70.1
67.6

77.1
67.6
71.7
72.9

83.4
82.1
88.6
87.6

93.1
96.2
116.3
62.5

93.1
96.6
117.4
61.5

31.7
151.4
205.3

83.9
89.2
85.2

108.1
108.2
109.7

72.7
151.3
169.4

83.1
78.0

90.2
100.8
91.9

72.6
85.0
84.7

71.8
84.6
84.2

71.4
83.1

1922.

|

9047°—22




4

26
TREND OF BUSINESS MOVEMENTS.
The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial
movements. The numerical data for the latest months are given and in addition index numbers for the last four months and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of
their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered
to make clear such distinctions and in general to facilitate the use of the table:
June, 1922.—This column gives the June figures corresponding to those for July shown in the next column—in other words, cover
the previous month, and in some cases, where indicated by a footnote, refer to the previous quarter; that is. ending March 31,
1922.
July, 1922.—In this column are given the figures covering the month of July, or, as in the case of stocks, etc., the situation on July
31 or August 1. In a few cases (usually where returns are reported quarterly only) the figures are for the quarter ending June 30
or the condition on that date. Where this column is left blank, no figures for July were available at the time of going to press
(September 7).
Corresponding month, June or July, 1921.—Thefiguresin this column present the situation exactly a year previous to those in the
"July, 1922, " column (that is, generally July, 1921), but where no figures were available for July, 1922, the June, 1921. figures
have been inserted in this column for comparison with the June, 1922, figures. In the case of quarterly figures, this column shows
the corresponding quarter of 1921.
,
Cumulative total through latest month,—These columns set forth, for those items that can properly be cumulated, the cumulative total
for the first seven months of the calendar years 1921 and 1922, respectively, except where the July, 1922, figures are lacking, in
which case the cumulative total for six months in each year is given1.
Percentage increase ( + ) or decrease ( —) cumulative 1922 from 1921.—This column shows the per cent by which the cumulated total for
the first seven months of 1922 is greater ( + ) or less ( —) than the total for the corresponding period of 1921.
Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to
such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period
stated in this column. Wherever possible, the year 1913 is taken as a base, and if no prewar figures are available, 1919 is usually
taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921
and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen.
Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and
for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base
period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will
be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index
number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next.
Percentage increase ( + ) or decrease ( —) July from June.—The last column shows the per cent increase or decrease of the figure for the
last month compared with the preceding month.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

Corresponding
month,
June
or
July,
1921.

July,
1922

SURVEY ( N O . 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

<+)

or decrease

(-)

1921

INDEX NUMBERS.

Percentage
increase

1922

cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1922

1921

Percentage increase

(+)

or decrease
from
June. July. Apr. May. June. July. June.

TEXTII4ES.
Wool.
Consumption by textile mills
thous. of lbs
Receipts at Boston:
Domestic
thous. of lbs. .j
Foreign
thous. of lbs.. j
Total
thous. of lbs.. \
Imports, unmanufactured
thous. of lbs..,
Machinery activity (1st of following mo.):
'
Looms, wide
per ct. of hours active..'
Looms, narrow
per ct. of hours active..
Looms, carpet and
rug
per ct. of hours active..
Sets of cards
per ct. of hours active..
Combs
per ct. of hours active..
Spinning spindles—
i
Woolen
per ct. of hours active..
Worsted
perct. of hours active..;
Looms and spindles (1st of following mo.):
!
Woolen spindles, .per ct. of active to total.. j
Worsted spindles.per ct. of active to total..
Wide looms
per ct. of active to total..
Narrow looms
per ct. of active to total..
Carpet looms
per ct. of active to total..




a Revised.

64,712

134,297

+107.5

1913

181,624

140,910

-

1913

47

246,337

275,206

+ 11.7

1913

145

257,583

215.425 — 16.4

1913

74

29,278

40,516

7,378

30,791

24,693
2,464

36,656

71,307

27,157

16,940

33.484

9,397

63.8

62.8

79.2

11920-21 | 135
j

130

59.9

62.5

70.6

i 1920-21 '! 132

127

22.4

95

183

72.1

70.4

42.1

11920-21

102

91

91.0

88.2

79.4

11920-21

131

126

81.2

80.4

87.4

11920-21

125

114

89.9

86.0

80.0

11920-21

129

126

68.5

66.1

85.7

11920-21

130

120

86

84
68
64
79

79
87
80
74
50

1913

104

103

1913

122

118

1913

109

108

1913

103

104

1913

72

74

a 68
64
67

78
1

300 + 38.4

72
465
182
308

124
460
218
261

217
140
195
134

265 + 97.7

96
96

102
99

105
108

103 -

1.9

112 +

3.7

162
137
94

163
143
103

156
145
105

134
87

140
91

142
96

108
84
81
88
116

112
91
85
89
115

112 109
92
92
86
92
115 , 115 !

Twelve months' average, November, 1920, to October, 1921, inclusive.

583 +317. 3
380 + 94.5

152 -

2.G

140 -

3.4

104 -

1.0

136 - 4 . 2
92 -

4.2
2.7
0.0
0.0
7.6
0.0

27
TREND OF BUSINESS MOVEMENTS.—Continued.
NUMERICAL DATA.
NOTE.—Items marked with a n asterisk (*)
have not been published previously in t h e
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found a t the end of this
bulletin. For detailed tables covering other
items, see t h e last quarterly issue of t h e

June,
1922

July,
1922

SURVEY ( N O . 12).

Corresponding
month,
June
or
July,
1921.

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

(

-y

or decrease

(-)

1921

1922

BASE
YEAR
OR
PERIOD.

cumulative
1922
from
1921.

1921

Percenteee in-

1922

or decrease
June. July. Apr. May. June. July. from

June.

TEXTILES—Continued.
Wool—Continued.
Prices
Raw wool to producer, all
grades
dolls, per lb.
Unwashed, fine Ohio, Boston.dolls, per l b .
Worsted yarn
dolls, per l b .
Wool dress goods
dolls, per y d .
Men's suitings
dolls, per y d .

.328
.47
1.427
.815
3.060

.325
.48
1.400
.815
3.060

.155
.29
1.150
.885
2.925

507,869

458,548

410,142

2,921,623 3,427,009 + 17.3

1913

1,332
1,936
2,568
12,607
491,079

1,111
1,215
1,488
3,723
2,840
4,108
8,587
3,452
121,935
207,440 + 70.1
373,742 o598,962 3,365,745 3,222,711 - 4.2

1913
1913
1913
1913
1913

1913
1913
1913
1913
1913

92
141
148
157

93
132
148
157
189

195 218 4180 145
198

0.9
2.1
1.9
0.0
0.0

174
186
174
145
198

196
214
184
145
198

103

105

109
183
111
74
84

106
145
98
71
65

110
84
62

139

163

170

163 -

4.2

143

129

152

151

144 -

5.0

149
173
167
145
184

Cotton.
Consumption by textile mill:
Stocks, end of month:
Mills
...thous. of bales.
...thous. of bales.
Warehouses
...thous. of bales.
Visible supply
bales.
Imports, unmanufactured..
bales.
Exports, unmanufactured..
Manufactured goods:
thous. of sq. y d s . .
Cotton cloth exports
Fabric consump. by tire
mfrs
thous. of lbs.
Elastic webbing sales...
thous. of yds.
Machinery activity:
SpindlesActive
thousands.
Total activity
.mills, of hours.
Activity per spindle.
hours.
Prices:
dolls, p e r l b .
R aw cotton to producer.
dolls, p e r l b .
Raw cotton, New York.
dolls, p e r l b .
Cotton yarn
__
...dolls, per y d .
Print cloth
...dolls, per yd.
Sheeting

85
90
244
145
48

212
134
17
82

-

9.7

- 8.8
-23.1
4 10.6
42 j - 31.9
51 I - 23.9

73
62,850

60,238

49,668

275,200

1913

347,301 + 26.2

131
10,120

9,617

9,565

1921
1919

1913

108

107

104

105

105

106

80
94
117
124
116

82
97
113
124
116

133
142
141
173
148

156
163
149
185
151

170
173
161
188
162

173
174
166
191
172

1919
1919

62,370 + 48.4

120

1913
1913
1913
1913
1913

42,023

103
74

78

105
116

1920
1920
1920
1920
1920

100
549
114
17
175

425
102
24
188

110
407
117
46
320

113
807
109
39
262

110
695
130
35
290

777
155
20
253

+
+
-

208
181
35
158

108
136
38
179

164
187
41
198

178
166
52
201

144
140
54
194

- 19.2
- 15.4
+ 2.2
-3.4

110
53

165
77

214
83

108 — 49.6
58—30.2

124

167

+ 35.1

92

94

119

113

+ 1.7
— 5.6

31,877
7,646
207

31,975
7,045
191

32,371

.204
.221
.400
.065
.100

.207
.223
.412
.066
.106

.098
.124
.279
.043
.071

thous. of pieces..
thous. of pieces..

404,202
518,068

375,944
93,964

374,653 2,285,983
306,589 2,334,833

K n i t Underwear.
Production
doz..
Orders received
doz..
Shipments
doz..
Cancellations
doz..
Unfilled orders, end of month
thous. of doz..

649,800
701,100
598,500
17,100
1,458

540,000
784,800
710,100
9,900
1,270

520,200 2,915,100 4,437,900
52.2
429,300 3,244,500 4,760,100 !+ 46.7
469,800 2,554,200 4,320,900
69.2
11,700
49,-500
105,300 + 112.7
943

5,077
29,529
26,895
7.301

4,102
24,996
27,474
7.056

5,936
32,325
17,866
5.733

26,027
186,566

28,728 + 10.4
169,660 - 9.1

1913
3 1920
3 1920
1913

151
190
30
158

72,503
23,648

36,575
16,500 j

33,557
21,401

284,855
172,954

312,651 4- 9.8
138,428 — 20.0

1909-13
1909-13

96

6,618

8,943

4,357

13,840

17,021

4 23.0

1913

124

2,361 j
3,012 ]

2,400
2,843

865
918

9,428
11,214

14,443 + 53.2
18,274 4- 63.0

1913
1913

226,794

227,024 + 0 1
.

+ 0.3
- 7.9
I - 7.7
I

1.5
0.9
3.0
1.5
6.0

Fine C o t t o n Goods.
Production
Sales

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

thous. of l b s . .

dolls, p e r l b . .

2,583,310 ! + 13.0
1,984,531 |!- 15.0

2
2
2
2

- 7.0
- 81.9
16.9
11.9
18.6
42.1
12.9

Burlap a n d Fiber.
Imports:
Burlap
thous. of l b s . .
Fiber (unmanufactured)
long t o n s . .
METALS.
Iron a n d Steel.
Iron ore movement
Production:
Pig iron
Steel ingots
2

thous. of short t o n s . .
thous. of long t o n s . .
thous. of long tons..

Six months' average, July to December, inclusive.




83

111

90
123

• Eleven months' average, February to December, inclusive.

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

Correspondin

*L
month,

June,
1922

June
or
July,
1921.

SURVEY (NO. 12).

INDEX NUMBERS.

Per3entage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

or decrease
cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

Percentage increase

1922

or decrease
uly
'uly. from
June.

July. Apr. May.

METALS—Continued.
Iron and Steel—Continued.
Merchant pig iron:
Production
thous. of long tons.
Sales
thous. of long tons.
Shipments
thous. of long tons..
Unfixed orders
thous. of long tons.
Stocks, merchant
furnaces
thous. of long tons.
Stocks, steel plants thous. of long tons.
Exports
thous. of long tons..
Imports
thous. of long tons.
Unfilled orders, Steel Corp.,
end of month
thous. of long tons.
Foundry production, Ohio, .per ct. of normal.
Wholesale prices:
PigironFdry.No. 2,
Northern
dolls, per long ton.
Basic, Valley
furnace
dolls, per long ton.
Steel billets, Bessemer.dolls, per long ton.
Iron and steel
dolls, per long ton.
Composite pig iron... .dolls, per long ton.
Composite steel
dolls, per 100 lbs.
Compositefinishedsteel.dolls, per 100 lbs.
Structural steel beams.. dolls, per 100 lbs.
Locomotives.
Shipments:
Total
number.
Domestic
number.
Foreign
number.
Unfilled orders:
Domestic
number.
Foreign
number.
Freight cars:
Orders, domestic
number.
Finished Iron and Steel.
Stokers:
Sales
number.
Sales
horsepower.
Sheets, blue, black, and galvanized:
Production
per ct. of capacity.
Shipments
per ct. of capacity.
Sales
per ct. of capacity.
Unfilled orders
per ct. of capacity.
Unsold stocks
per ct. of capacity.
Steel barrels:
Shipments
barrels.
Production
per ct. of capacity.
Unfilled orders
barrels.
Structural steel, sales
long tons.

< 283
*
a 273
a 368
a 378

252
245
382
1,240

121

1,227

133
127
1,004

693
1,085

1,706 + 39.0
2,690 +288.2
2,370 +118.4

1914
1914
1914
1914

—
—
+
—

11.0
10.3
3.8
10.0

1914
1921
1913
1913

— 20.7
-23.7
— 28.1
+ 84.6

245
71
128

702
214
87
11

5,636
50.75

5,776
58.54

4,830
16.67

1913
•1921

234

25.96

26.02

22.09

1913

142

162

163 + 0.2

25.000
35.00
a 36.96
24.29
2.22
2.15
1.60

24.250
35.00
37.50
24.54
2.23
2.17
1.65

19.375
32.25
38.14
21.57
2.63
2.46
2.10

1913
1913
1913
1913
1913
1913
1913

136
114
131
135
126
125
99

170
136
140
158
129
130
106

165
136
142
159
130
131
109

114
67
47

128
122

57
32
25

495
91

712
99

116
120

13,100

13,700

900

7,300

109
37,239

177
70,230

98
34,073

473
186,705

86.4
83.3
110.0
179.7

72.
73.6
58.2
166.3
8.0

19.7
27.0
22.8
74.3
22.6

266,944
40.1
427,739
128,520

220,992
40.0
334,8,81
112,500

96,754
16.2
243,490
60,219

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

a 95,633
65,604
.136

91,317
63,596
.137

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

57,094
59,152
28,082
23,650
.057

63,834
57,236
16,977
13,158
.060

178
39

1,671
62

955
638
317

1,110 — 33.6
192 +209.7

490 — 48.7
342 — 46.4
148 — 53.3

+ 2.5
283 + 15.5

+ 12.3
+ 82.1
-87.2

23

1920
1920
1920

18

+ 43.8
23 + 8.8

1920
1920
174

42
65

53
118

61
154

47
71

46
45
29
28
1,143

27
37
38
26
983

103
99
177
55
604

119
116
148
49
378

119
115
181
61
383

100
101
96
56
348

80

86
93
104
67

179
207
149
177

201
243
178
156

238
230
182
144

197 — 17.2
0.0
230
143 — 21.7
126 -12.5

17
67
80

75
100
80

84

94
93
87

— 4.5
— 3.2
+ 0.7

54
227
24
40
82

88
127
57
46
90

1913

826 + 74.6
390,423 + 109.1

1919
1919

32
58

1921
1921
•1921
1913

1,273,044

95.3

343,877

829,560 +141.2

17,790
47,324
.125

364,130
327,305

479,439
449,081

30,990
184,816
6,613
11,406
.048

257,880

372,280

+ 44.4

81,082
121,655

138,277
158,951

+ 70.5
+ 30.7

130 + 4.6

300

114,050

1920
1920
1920
1920
1920
651,761

— 3.0
0.0
+ 1.5
+ 1.0
+ 0.5
0.9
+ 3.1

76 + 62.4
133 + 88.6
—
—
—
—
—

16.0
12.2
47.0
8.2
9.1

Copper.
Production
Exports
Wholesale price, electrolytic
Zinc.
Production
Stocks, end of month
Receipts, St. Louis
Shipments, St. Louis
Price, slab, prime western
» Revised.

2

Six months' average, July to December, inclusive.




+ 31.7
+ 37.2

1913
1913
1913
1913
1913
1913
1913
1913

67
221
20
32
85

« Ten months' average, March to December, inclusive

5

95

99
73
101
83

110
70
61
46
103

+
—
—
—
+

11.8
3.2
39.5
44.4
5.3

Very large percentage increase.

29
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

Corresponding
month,
June
or
July,
1921.

June,
1922

SURVEY (NO. 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

INDEX NUMBERS.

Percentage
increase

1922

(+)

or decrease
(-)
cumulative

BASE
YEAR
OB
PEEIOD.

1922
from
1921.

Percentage increase

1922

1921

(+)

or decrease
June. July.

Apr. May. June. July

from
June.

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

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

12,552
.315

3,616
12,683
.315

2,521
3,566
.278

Lead.
Receipts, St. Louis.
.thous. of lbs..
Shipments, St. Louis
thous. of lbs..
Wholesale price^ig, desilverized, dolls, perlb..

20,222
11,306
.058

14,486
7,002
.058

9,894
4,428
.044

22,309
84
458
2,580

17,0Q3
116
450
2,486

7,050
181
1,297

227,324
52,535
3,709
11,752

a 3,833

3,843

3,270

23,120

1,247

500

3,495

541
40
29

366
17
28

2,650
388
19

5.10
3.36

5.39
4.67

4.60
2,40
10.50
2.91

1913
1913
1913
1913

8.50
13.36

1913
1913

2,371

23,087

67,598
35,088

78,432 +239.7

121,822 + 80.2
57,898 + 65.0

1913
1913
1913

138

136

148

104

128

196 + 52.5

43

37

110

89

131

133 +

65

62

1913
1913
1913

220

181

282

372

73

51

70

124

129

103

100

116

126

133

40

51

56

70

70

10
.
00
.

265 — 28.4
80 — 38.1

0.0

131

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

204,337
22,038
3,645
15,665

—
—
—
+

10.1
58.1
1.7
33.3

1913
1913
1913
1913

26,189 -f 13.3

85

1

108

43 — 23.8
2 + 38.1

4,607 — 68.4
1,021 — 60.3
194 + 18.3

15

16

16 —

122

210

240

244

235 —

1.7
3.6

1919

100

101

111

118

118

118 +

0.3

1921
14,575
2,575
164

19

133

105

131

104

19 - 59.9

1909-13
1909-13
1909-13

302

241

65

172

135

38

26

38

— 32.3
— 57.5
— 3.4

FUEL AND POWER.
Wholesale prices:
Bitummoui3(Kanawha)dolls.pershort ton..
Bituminous(Hiine av.). dolls, per short ton..
Anthracite, chestnut, .dolls, per long ton..
Coke, Connellsville
dolls, per short ton..
Retail prices:
Bituminous
dolls, per short ton..
Anthracite, chestnut, .dolls, per short ton..

10.75
8.85
13.14

209

209

164

214

232

205

195

182

252

273

245 + 5.7
+ 39.0

195

198

201

127

119

183

246

277

441

59.3

177

182

180

184

190

192

189

189

189

195

194

216

224

220

+ 2.3

155

161

224

234

244

196

190

193

227

221

+
+

Petroleum.
Crude petroleum:
Production
thous. of bbls.. o45,559
Stocks, end of month
thous. of bbls.. 255,817
Consumption
thous. of bbls.. a 48,192
Imports
thous. of bbls.. a 12,182
16,977
Shipments from Mexico
thous. of bbls..
2.250
Price, Kansas-Oklahoma...dolls, per bbl..
Oil wells completed
number.. o l , 654
Gasoline:
Production
thous. of gals.. 525,941
53,835
Exports.
thous. of gals..
Domestic consumption
thous. of gals.. 506,964
Stocks, end of month
thous. of gals.. 824,966
Kerosene oil:
Production
thous. of gals.. 173,650
Stocks
thous. of gals.. 317,574
Gas and fuel oil:
Production
thous. of gals.. 903,057
Stocks
thous. of gals.. 1,326,940
Lubricating oil:
80,138
Production
thous. of gals..
Stocks
thous. of gals.. 226,904
6

9047c




46,593
261,478
51,387
11,308
17,068
1.925
1,798

58,631

Index number less than one.

—5

40,252
168,821
41,403
8,047
5,806
1.000
1,162

276,861
302,042
74,434
104,180

313,832 + 13.4
322,887 + 6.9
88,255 + 18.6
123,785 + 18.8

10,113

10,022 - 0.9

430,344 2,573,542
27,383
313,948
445,025 1,998,690
750,644

2,827,644 + 9.9
367,137 + 16.9
2,306,835 + 15.4

141,637
435,057

980,724

826,355
1,248,664

4,784,728

63,089 i 440,890
260,883 !

1,055,205

5,099,744

+ 7.6
+ 6.6

449,759 + 2.0
' N o quotation.

1913
1913
1913
1913
1913
1913
1913
1919
1919
1919
1919
1919
1919
1919
1919
1919
1919

691

542

786

945

821

793

269

837

861

786

127

107

241

241

241

92

73

91

95

104

2.2
6.6
762
7.7
791
0.5 '
206 - 14.6
113 + 8.7

159

130

127

143

156

124

89

189

182

176

155

160

135

174

177

159

145

181

175

73

71

97

145

137

108

106

106

130

127

125

147

142

162

165

167

172

172

93

103

113

114

162

160

147

140

141

a Revised.

+ 8.9

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

Corresponding
month,
June
or
July,

June,
1922

SURVEY (NO. 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Percentage
increase
<+)
ordecumulative

BASE
YEAR
OR
PERIOD.

1922

814,880
748,424

939,337 + 15.3
869,837 + 16.2

Percentage increase

1922

1921

or decrease

1922
from
1921.

1921

1921.

INDEX NUMBERS.

from
June.

July. Apr. May. June. July

PAPER AND PRINTING.
Wood Pulp.
Mechanical:
Production
'Consumption and shipment..
Stocks, end of month
Imports
Chemical:
Production
Consumption and shipment..
Stocks, end of month
Imports

short
.short
short
short

tons.«
tons. r
tons..
tons..

148,328
138,459
192,736
15,951

124,691
129,847
187,580
17,181

196,088
15,329

short
.short
short
short

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

164,931
161,181
53,336
78,932

154,617
156,313
51,640
80,638

127,230
128,644
84,337
2,903

Newsprint Paper.
Production
short tons..
Shipments
short tons..
Imports
short tons..
Exports
shorttons..
Stocks, end of month:
Total
short tons..
At mills
short tons..
Jobbers
shorttons..
Publishers
short tdns..
In transit to publishers
short tons..
Consumption
short tons..
Prices:
Contract, domestic
dolls, per 100 l b s . .
Contract, Canadian
dolls, per 100 lbs..
Spot market, domestic. .dolls, per 100 lbs..

75,405

1919

62

138

123

1919

79

119

115

-

1919

127

119

125

- 2 . 7

6.2

56,240

99,038

+ 76.1

1909-13

93

71

97

+ 7.7

102,768
107,573
54,685
41,756

819,071
807,409

1,107,213
1,107,416

-I- 35.2
+ 37.2

1919

64

102

102

1919

67

105

101

1919

111

102

179,406

496,712

+176.9

1909-13

109

164

6.3
3.0
96 3.2
355 + 14.8

120,839
123,050
80,337
4,277

94,247
95,357
66,118
1,066

709,695

810,981

1919

76

82

708,939

813,759

1919

80

83

1913

252

361

1913

17

30

225,632
23,367
5,234
166,385
30,646
168,207

231,833
21,156
5,150
171,410
34,117
159,496

225,118
25,519
5,495
169,124
24,980
139,121

1919
1919

111

107

1919

65

63

1919

107

109

1919

69

61

1919

105

3.574
3.492
3.475

3.540
3.476
3.551

4.770

1919

140

128

96

4.824

1919

146

132

96

5.013

1919

120

117

81

Sept., 1920

62

75

1918

76

81

1918

77

78

1918

148

132

416,486
10*, 897

14.3
14.8
36.0
566,298
19,265 + 76.8

-

97 -

92
255

202

113
100
422

113

95
104
63
97
87
123

5.0

107 4.3
439 - 4 . 8
119 + 47.3

444
72

93
104
65
98
74
124

105 -

111
112
81

101 + 2 . 7
88 -

9.5

39 -

60

1.6

110 + 3.0
83 + 11.3
112 - 5.2

107
75
118

- 1.0
- 0.5
+ 2.2

PRINTING.
Activity, weighted
index
Paper purchases, quantities.. .index
Paper purchases, value
index
index

number.. .
number.. i.
number.. j .
number..!.

Other Paper.
Book:
Production
short tons..
Stocks
short tons..
Paperboard:
Production
short tons..
Stocks
short tons..
Wrapping:
Production
short tons..
Stocks
short tons..
Fine:
Production
short tons..
Stocks
short tons..
Total, all grades (including newsprint):
Production
short tons..
Stocks
short tons..
Exports (total printing)
short tons.*

83,517
41,456

74,435

48,527

38,520

95
101

116

109

102

96

139

157

137

387,384

531,796

+ 37.3

1919

71

64

92

108

110

-

10.9

1919

37,569

127

119

118

125

131 I

-

7.1

I

183,759
67,079
68,371
71,259
31,291
38,674
593,335
293,066
4,611

165,551
64,033

112,265

+ 37.0

1,181,637

65,481 j

45,090

69,368 !
27,767

16,327

101

80
125

119

128

109
121

113

102 -

9.9

123

118 -

4.8

464,875

1919

87

78

106

124

118

113 -

4.2

1919

341,070

+ 36.3

61,710

37,621

1919
1919

862,790

64,720

112

113

125

130

130

127 -

2.7

128,010

200,015

+ 56.2

109 !

97 105 ! 102 -

11.3

1919

61

57

105

1919

o39,385

111

107

100

2.7

78

72

102

114

115

107 -

6.8

1919

2,849,304

1919

121

117

119

120

123

117 -

4.2

6.8

1919

11

12

25

30

24 -

20.4

762,633

+111.5

1919

54

49

109

113

116

120 +

361,142

+ 30.5

1919

98

109

87

95

552,914

370,429

280,660

279,544

3,672

1,902

27,138

25,287

123,501
43,855
64

128,604

62,278

360,584

48,328
12,039

57,749

45,078

276,841

78"

87

3,866,553

+ 35.7
-

Paper Boxes.
Corrugated board:
Production (Container
Club)
thous. of sq. ft..
Production b
thous. of sq. ft..
Machinery activity
per cent of normal..
Solid fiber board:
Production (Container
Club)
thous. oi sq. ft..
Production b
thous. of sq. ft..
Machinery activity
per cent of normal. J
a Kevised.




72,698

4.1
+ 65.8

65

114 + 19.5

+

12,084
71

figures furnished by the National Association of Corrugated and Fibre Box Manufacturers.

0.4

31
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

Corresponding
month,
June
or
July,
1921.

June,
1922

SURVEY (NO. 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

INDEX NUMBERS.

Percentage
increase

1922

or decrease

(-)

cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

Percentage increase

1922

or decrease
July
June. July. Apr. May. June. July. from
June.

PRINTING—Continued.
Paper Boxes—Continued.
Folding boxes*:
Production
New orders
Labels*:
Production
New orders

per ct. of capacity.
per ct. of capacity.

71.6
80.3

39.2
52.8

1921

per ct. of capacity.
per ct. of capacity.

63.6
107.2

40.0
50.5

85
110

151
134

151

97

156
168

103
114

91
145

182
192

195

1921

163
243

1921

1921

RUBBER.
Crude:
Imports
thous. of lbs.
Consumption by tire mfrs. ..thous. of lbs.
Wholesale price, Para, N. Y. .dolls, per lb.
Tires:
ProductionPneumatic
thousands.
Solid
thousands.
Inner tubes
thousands.
Domestic shipmentsPneumatic
thousands.
Solid
thousands.
Inner tubes
thousands.
Stocks, end of m o n t h Pneumatic
thousands.
Solid
thousands.
Inner tubes
thousands.
AUTOMOBILES.
Production:
Passenger cars
number.
Trucks
number.
Shipments:
By railroad
carloads.
Driveaways
number of machines.
By boat
number of machines.

50,952
39,655
0.169

56,855
28,181
0.172

27,648
23,720
0.164

189,605
130,901

371,912 + 96.2
187,448 4- 43.2

1913
1921
1913

359
118
20

132
20

449
135
21

370
162
22

528
221
21

589 + 11.6
157 — 28.9
21 + 1 8
.

2,839
66
3,131

2,477
72
3,068

2,571
35
3,021

11,323
201
12,357

17,223 + 52.1
371 + 84.6
19,778 + 60.1

1921
1921
1921

127
80
104

141
95
134

132
132
117

150
163
132

156
187
139

136 — 12.8
202 + 9 1
.
136 — 2.0

3,133
63
3,974

2,695
60
3,631

2,758
56
3,603

12,927
290
14,978

15,787 + 22.1
355 + 22.4
18,556 + 23.9

1921
1921
1921

139
113
141

145
127
157

110
119
102

138
138
128

164
144
173

141
14.0
137 — 4.8
158 — 8.6

5,042
170
6,187

5,834
176
5,676

3,892
220
3,123

1921
1921
1921

99
104
84

92
95

130
75
158

131
74
157

120
74
135

115 — 4.1
76 + 3.5
124 — 8.3

263,008
25,982

223,201
21,243

165,574
10,766

120
41

143

168
90

190

162 - 15.1
81 - 18.2

a 34,230
a 33,857
a 7,737

28,412
28,022
6,855

19,514
15,533

150
57

164
73
157

164
165

136 - 17.0
71 - 17.2
146 - 11.4

1,259,683
135,312
111,336
84,388
11,940

191,046 + 71.6
147,589 + 74.9
25,801 + 116.1

1919
1919
1920
1920
1920

GLASS AND OPTICAL GOODS.
Bottles, production
index number.
Illuminating glassware:
Net orders
per ct. of capacity..
Actual production
per ct. of capacity.
Shipments billed
per ct. of capacity.
Spectacle frames and mountings:
Sales-billed (value)
index number.
Unfilled orders (value)
index number.

1919
48.3
39.2
40.8

37.1
27.4
33.1

18.0
15.2
28.3

48

79

82

84

73 — 13.1

8 1921
8 1921
8 1921

49
42
79

107
120
115

123
125
115

132
108
114

101 — 23.5
76 — 29.6
93 — 18.4

141
39

257
44

259
37

277
29

210 — 24.2
31 + 6.9

168
172
165
157
159
162

173
176
167
169
160
164

178
181
170
171
161
166

183
184
173
174

158

159

1913
1919

218
49

BUILDING AND CONSTRUCTION.
Building Costs.
Building materials:
Frame house
Brick house.».
Building costs
Concrete factory costs
Hotel building costs
Loft office building costs
Subdivided office building
costs




.index number.
index number..
index number.
index number..
index number..
index number..
index number..
a Revised^

1913
1913
1913
1914
1913
1913

210
167
176
181

204
161
171
176

1913

177

171 157

s Twelve month average, Hay, 1921, to April, 1922, inclusive.

+
+
+
+

2.8
1.7
1.8
1.8

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

June,
1922

Tniv
Juiy,
1922

SURVEY (NO. 12).

Corresponding

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

mon 111,

June
or
July,

19-21

INDEX NUMBERS.

PerI centage
increase

1922

1921.

or decrease
( —)
cumulative
1922
! from
1921.

BASE
YEAR
OR

PERIOD. !

1921

Percentage increase

1922

or decrease
July
June.; July. Apr. May.' June. July. from
June.
i

BUILDING AND CONSTRUCTION—Con
Construction a n d Losses.
Building volume
index number..
Contracts awarded, floor space:
Business buildings
thous. of sq. ft..
Industrial buildings
thous. of sq. ft..
Residential buildings
thous. of sq. ft..
Educational buildings... .thous. of sq. ft..
Hospitals and institutions.. thous. of sq. ft . .
Public buildings
thous. of sq. ft..
Social and recreational
buildings
thous. of sq. ft..
Religious and memorial
buildings
thous. of sq. ft..
Grand total
thous. of sq. ft..
Contracts awarded, value:
Business buildings
thous. of dolls.
Industrial buildings
thous. of dolls..
Residential buildings
thous. of dolls..
Educational buildings
thous. of dolls..
Hospitals and institutions .thous. of dolls..
Public buildings
thous. of dolls
Public works and utilities, .thous. of dolls..
Social and recreational
buildings
thous. of dolls
Religious and memorial
buildings
.thous. of dolls..
Grand total
thous. of dolls..
Fire losses
thous. of dolls..

1913
10,289

8,780

6,070

33,394

59,357

4,305

6,870

2,641

19,748

31,861

31,519

24,392

13,961

98,365

184,102

8,132

6,901

4,369

21,947

37,868

860

1,396

1,582

5,857

6,826

484

452

238

1,706

2,306

3,223

1,435

1,529

10,255

11,534

+
+
+
+
+
+

136,359

108,951

60,452

421,342

44,245

40,690

28,602

133, 728

I . V S V & L & l * ' V±\JA-M,

. . . . . . .

. . . . . .




. . . . . . .

XT.L

J- U .

Kf»

I I I .

107

111

95 -

14.7

40

47

34

54 + 59.6

156

121 -

22.6

360 -

15.1

1919

410

430

235

320

425
234

379 + 62.3

1919

88

138 !

145

279

281

263 - 6 . 6

+ 12.5

1919

136

121

113

188

255

113 -

+ 54.6
+ 74.0

1919

261

287

246

440

360

323 -

10.3

1919

77

68

125

128

130

111 -

14.6

88.9
1919
54. 2
1919
87. 9 : • 1919
53.5 j 1919
33.7 i 1919

75

98

174

170

152

130 -

14.5

43

32

57

56

47

106

85

187

199

235

287

369

331

(

55.5

75 + 57.2

193

154 -

444

409 - 8 . 0

20.1

338 + 96.6

391

252

202

258

172

+ 73.5

1919

125

160

123

224

216 1,237

+ 27.1 j

1919

127

112

180

153

138

189 + 36.6

+ 4.8 j 1919

146

146

134

291

200

146 -

27.1

54,086

+ 58.8 1 1919
+ 60.0
1919
1919
229,528 + 15.8

226

299

340

323 -

5.0

106

99

265
164

383

2,046,703

169

160

129

149

138

133

108

163 + 1.9
164 + 52.1

5,607

11,024

8,223

37,378

2,422

13,837

1,793

13,654

23,694

57,940

79,162

46,902

289,602

368,095

13,961

10,181

10,136

68,909

72,244

+571.3

r

10,618

10,085

9,356

34,067

343,440

350,081

212,491

1,279,559

24,103

36,668

33,356

198,283

Lumber.
Southern pine:
370,310 2,502,231 3,019,015 + 20.7
446,468
499,247
Production
. .
M ft. b. m.
Stocks, end of month
M ft. b. m . . 1,095,580 1,091,060 1,256,643
Price, " B " and bet32.27
45.22
45.63
ter
dolls per M ft. b. m
Douglas fir:
273,064 1,817,893 3,008,245 + 65.5
476,199
Production (computed)
M ft. b. m . . 488,861
267,245 1,921,300 2,936,038 + 52.8
445,625
Shipments (computed)
M ft. b. m . . 518,407
11.500
14.500
13.500
Price No. 1 common.dolls, per M ft. b. m._
California redwood:
318,211 + 26.5
32,334
251,545
39,296
49,736
Production
M ft. b. m . .
162,170
280 697 + 73.1
21,935
29,968
46,363
Shipments
M ft. b. m . .
13,682
306,964 + 99.9
113,568
31,616
Orders received .
Mft. b. m... 42,412
California white pine:
Prodiirtion
M ft b m
210,134 + 37.8
152,468
75,357
93,099
31,097
130, 111
202,442 + 55.6
Shipments
M ft. b. m . .
53,327
Stocks
M ft b m
382,202
347,278
Michigan softwood:
4,752
51,880 + 3.8
49,985
8,846
12,406
Production
M ft. b. m . .
6,006
34,556
51,735 + 49.7
7,563
8,563
Shipments
Mft. b. m . .
75,722
50,137
61,475
fStoolcs pnd of m o n t h
M" f"1*. h TTI
Michigan hardwood:
115,337
93,485 - 18.9
10,160
14,274
12,169
Production
M ft. b. m . .
8,092
73,976 + 45.2
50,949
12,444
10,235
Shipments
M ft. b. m . .
131,136
182,283
128,515
Stocks end of month
M ft b m
Western pine:
108,354
521,873
738,853 + 41.6
163,074
Production
...Mft. b. m . . a 163,817
76,120
454,905
900,483 + 97.9
143,028
Shipments
M ft. b. m . . a 173,981
Stocks
M ft. b. m . . a 758,551 821,539 1,103,480
North Carolina pine:
362,460 + 109.3
173,180
54,250
Production
M ft. b. m . .
30,989
55,370
52,360
337,470 + 106.5
163, 401
Shipments
M ft. b. m . .
32,879
53,480
J-

113

21

157

-I+
791,728 +
205,331 +
49,982 +
155,063

66

28

322

7,954

324,429

61

1919

157

342,295

100,543

1919

380

5,144

171,728

36.9

69

196,729

13,604

118 -

228

31,717
33,240

187

90

1,433

44,020

179

195

51,705

31,883

150

1919

1,598

51,489

90

1919

60,526

20,277

77.7
61.3
87.2
72.5
16.5
35.2 ,

117

.

a Revised.

1917

87

87

94

113

118

89

92

85

81

80

105 80 -

10.6

1917
1917

141

140

180

184

198

196 —

0.9

1917

91

78

121

133

140

1917

97

83

136

151

160

1917

125

125

125

147

147

136 - 2 . 6
138 - 14.0
158 + 7.4

0.4

1918

108

86

126

169

133

1918

77

77

126

184

163

105 105 -

21|0
35.4

1918

79

47

147

218

147

110 -

25.5

1918

143

131

36

116

1918

97

84

103

119

'i

1918

143

139

108

84

177
167
130

1917

46

27

1917

50
75

34

71

51
46
47

54
46

72
48
47

51 - 2 8 . 7
43 - 11.7
58 + 22.6

56
27
81

37
26
81

48
34
57

52
38
58

51
33
59

44 - 14.7
40 + 21.6
57 - 2.0

106
69
122

96
69
125

96
120
91

141
147
88

145
158
86

144 - 0 . 5
130 - 17.8
93 + 8.3

86
93

91
102

158
156

155
180

158
163

162 + 2.1
166 + 2 1

1917
1917
1917
1917
1917
1917
1920
1919
1919

57

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

June,
1922

SURVEY (NO. 12).

July
1925

Corresponding
month,
June
or
July,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

Percentage
increase
(+ )
or decrease
(-)
cumulative
1922
from
1921.

INDEX NUMBERS.

BASE
YEAR
OR
PERIOD.

1921

Percentage increase

1922

(+)

or decrease
(-)
!
July
from
June. July. Apr. May. June. July. June.

BUILDING AND CONSTRUCTION—Con.
Lumber—Continued.
Northern pine:*
Lumber—
65,662
Production
M ft. b. m
58,398
Shipments
.M ft. b. m
Lath20,287
Production
thousands..
10,896
Shipments
thousands..
Northern hemlock:
Production
M ft. b. m . . 33,879
39,240
Shipments
M ft. b. m . .
Northern hardwood:
25,576
Production
M ft. b. m . .
40,623
Shipments
»M ft. b. m
Exports, planks, scantling, joists. .M ft. b. m . . 152,379

62,065
57,409

50,558
24,890

247,278
147,505

324,000 + 31.0
310,955 + 110.8

1920
1920

127

126
50

19,880
13,574

11,949
11,504

56,530
66,067

91,942 + 62.6
62,890 - 4.8

1920
1920

124
205

125
140
181 ' 138

22,740
22.376

111,350
83,485

140,150
25.9
143,632 + 72.0

1913
1913

60
61

60
44

44,317
15,723
106,388

257,000
76,335
615,177

179,669 — 30.1
172,397 +125.8
971,514 + 57.9

1913
1913
1909-13

156
62
60

204
229
200
418
153

115,858

129

163
116

154 - 5 . 5
114 - 1 . 7

189
157

212
171

207 - 2.0
214 + 24.6

66
60

72

90
108

111
77
60

104
107
74

109
110
76

90
160
85

193
212
180
391
138

298
370
491
296
462

328
420
501
261
557

352
477
401
225
530

361
404
350
230
492

+ 2.5
- 15.3
- 12.8
+ 2.3
-7.3

77
66
57
49
' 209 209
;
27
23

91
90
98
208
47

100
115
135
186
66

118
121
98
173

104
109
78
159
65

- 12.1
- 9.3
-20.4
-8.2
- 4.8

92 i 95
90
87
110 111
99 112
61
48

93
91
114
108
72

+
+
+

65 - 2 4 . 0

Flooring.
Oak flooring:
Production
M ft. b. m
Shipments
M ft. b. m
Orders booked
M ft. b. m
Stocks, end of month
M ft. b. m . .
Unfilled orders, end of m o n t h . . M ft. b. m . .
Maple flooring:
Production
M ft. b. m .
Shipments
M ft. b . m . .
Orders oooked
Mft. b . m . .
Stocks, end of month
Mft. b . m . .
Unfilled orders, end of month. .M ft. b. m . .

23,495
28,646
24,472
20,245
38,434

24,082
24,261
21,340
20,712
35,637

12,895
12, 737
10,996
35,201

67,603
71,809
72,367

146,294 + 116.4
154,500 + 115.2
159,519 + 120.4

1913
1913
1913
1913
1913

11,866
14,280
13,920
26,719
26,330

10,434
12,956
11,078
24,528
25,076

7,721
7,813
6,968
32,268
8,961

50,693
47,264
51,359

71,610 + 41.3
78,501 + 66.1
85,006 + 65.5

1919
1919
1919
1919
1919

48,367
45,772
153,517
57,805
56,861

47,266
45,851
158,236
55,681
67,557

21,909
21,587
142,604
16,851
29,629

237,187
205,005

291,303
22.8
274,239 + 33.8

137,783

320,639 +132.7

1919
1919
1919
1919
1919

53
43
103
44
37

43
43
103
33
32

82
76
108
89
42

11,578
10,676
38,747

11,332
12,533
37,572

1,847
3,150
41,507

40,606
33,334

+ 65.8
+103.2

1919
1919
1919

28
18
103

13
22
99

70
75
87

87
76
91

82
76

59,756
118,756
89,860
56,762

52,408
109,545
90,678
50,579

43,188
122,671
42,261
33,189

202,586

304,188 + 50.2

168,006

282,385 + 68.1

1919
1919
1919
<1920

91
133
49
106

96
138
49
102

104
162
81
146

121
136
102
174

132
133
104
175

116
123
105
156

- 12.3
- 7.8
!+ 0.9
- 10.9

20.15
8.78

20.15
9.16

14.75
8.49

1913
1913

221
170

225
172

255 302
173 177

307
178

307

0.0
+ 4.3

11,245
thous. of bbls..
13,470
thous. of bbls..
thous. of bbls.. olO,718
1.60
dolls, per bbl..

11,557
13,850
8,424
1.60

9,568
10,301
10,414
1.70

52,036
50,376

1913
1913
1913
1913

121
143

125
139
93
170

120 146 147
116 172 182
129 | 115
148 | 149 158

151
187
75
158

|+ 2.8
!+ 2.8
j - 21.4
! 0.0

70,700
29,756
99,235

49,314
64,969
47,187

233,931

479,551 +105.0

226,604

657,521 +190.2

1919
1919
1919

118 142
202 154
63

Brick.
Clay fire brick:
Production
thousands..
Shipments
thousands..
Stocks, end of month
thousands..
New orders
thousands..
Unfilled orders
thousands..
Silica brick:
Production
thousands..
Shipments
thousands..
Stocks, end of month
thousands..
Face brick:
Production
thousands..
Stocks, in sheds and kilns
thousands..
Unfilled orders
thousands..
Shipments
thousands..
Prices:
Common red, New York.. dolls, per thous..
Common salmon,Chicago.dolls, per thous.

67,337
67,744

90

2.3
0.2
3.1
3.7
18.8

- 2.1
17.4
90 - 3.0

Cement.
Production.
Shipments.
Stocks, end of month
Price, Portland

58,475 + 12.4
61,879 + 22.8

170

Sanitary Ware.
Baths, enamel:
Orders shipped
Stocks
Orders received




number..
number..
number..

82,378
37,846
128,876

4 T e n months' average, March to December, inclusive.

a Revised.

226
143
154

237
113
215

238
90
184

204 - 14.2
71 - 21.4
142 - 22.0

34
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL ]DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the
SURVEY (NO. 12).

June,
1922

Corresponding
juiy,

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

monin,
June

1922

or
July,
1921.

INDEX NUMBERS.

Percentage

Per-

1increase!

(+)

or decrease
(—)
cumulative
1922
from
1921.

1921

1922

392,645

620,352 + 58.0

BASE
YEAR
OR
PERIOD.

1921

centage increase

1922

or decrease

June. July. Apr. May. June.

July.

u

from
June.

BUILDING AND CONSTRUCTION—Con.
S a n i t a r y Ware—Continued.
Lavatories, enamel:
Orders shipped..

. number .

102,345
68,558
162,788

84,077
62,349
111,455

56,733
132,453
61,378

number
number
number..

107,671
82,831
116,095

87,492
70,789
123,938

48,507
66,636
74,159

40,187
62,981
61,491

number

Orders received
Sinks, enamel:
Orders shipped
Stocks
Orders received... .
Miscellaneous, enamel:
Orders shipped .
Stocks

number
number

Sanitary pottery:
Orders received.. .number pieces per kiln..

361,901

849,975 +135.5

65,861
118,638
60,449

430,196

641,746 + 49.2

404,818

877,518 +116.8

33,155
95,792
29,505

221,159

307,929 + 39.2

199,941

417,748 +108.9

1919
1919
1919

123
87
74

124
95
83

222
75
188

1919
1919
1919

123
88
78

121
94
69

181
107
160

200

1919
1919
1919

115
117
84

117
120
70

174
107
153

178

224
49
221

184 -

197
66
189

160 -

142 -

192

171
83
177

235
56
262

82
222

97

45 151 -

17.8
9.1
31.5

18.7
14.5
141 - 25.4
56 -

17.2

79 - 5 . 5
147 -

17.1

4
419

129 + 32.5

189

902

2,157 +139.1

1919

33

44

81

95

97

48,671
3,192

555

243,357
24,031

370,992 + 52.4
35,694 + 48.5

1919
1919

71
35

62
45

107
84

112
75

45
28

198,062
26,767
112,165
27,101
25,604

248,295
19,466
140,834
46,246
26,941

80
66
105
74
59

75
25
85
106
71

89
39
104
88
121

105
63
138
92
100

80
79
80
90

79
77
86
85

79
77
92
83

76 — 2.6

104

95
94
97
104

76
81

73
69

79
71

91
81

99 + 8.3
99 + 22.4

71
76
107
82
47
99
98 I 8 7
109 i 115

70
107

88
116

72
112
101
92
113

0.4
3.6
110 + 9.6
92 — 0.4
108 — 4.2

102 : 103
113
99

102
107

99
103

102 — 1.1

90
100

89
97

99 +

71
91

85 + 19.8
76 - 16.3

128
158

124 — 2.8
161 + 2.4

60
53

69 + 14.9
57 + 8.2

Abrasive Paper and Cloth.
Foreign sales

reams..

HIDES AND LEATHER.
Hides.
Imports:
Total hides and skins
thous. oflbs..
Calfskins
thous. oflbs..
Cattle hides
thons. oflbs..
Goatskins
thous. oflbs..
Sheepskins
thous. oflbs..
Stocks, end of month:
Tot&l tildes £md SICJTIS
(^attlfi liidp^
Calf and kip skins
Sheep and lamb skins
Prices:
Green salted, packer's heavy
native steers
Calfskins, country No. 1

thous
thous
thous.
thous.

30,517
2,576

1909-13
1910-13
1910-13
1909-13
1909-13

103
97

409,507
318,678
56,424
34,405

1921
1921
1921
1921

105

.182
.186

.139
.153

1913
1913

76
82

1,353
16,214
105,196
23,554
62;807

1,431
12,321
44,971
25,028
63,217

1919
1919
1919
1921
1921

81

45,133
4,268
26,491
7,508
5,297

39,742
3,616
23,960
4,801
1;465

34,378
4,501
20,066
6,063
3,110

oflbs <*341,427
260,278
oflbs
53,721
of lbs..
of lbs.. a 27,428

329,055
261,069
43,831
24,155

.168
.152

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

Leather.
Production:
1,359
Sole leather.thous. of bks., bnds., and sds..
16,815
Skivers .
doz..
95,953
Oak and union harness
stuffed sides..
23,640
Finished sole and belting
thous. oflbs..
65,570
Finished upper
thous. ofsq. ft..
Stocks, end of month:
Sole and belting
thous. of lbs.. 192,151
437,151
TTrvnpr
thons of so ft
Stocks, in process of tanning:
99,295
Sole and belting
thous. of l b s . .
Upper
thous. of sq. ft.. 159,699
Exports:
1,845
Sole
thous. oflbs..
8,046
Upper
thous. of sq. f t . .
Prices:
.360
Sole, hemlock, middle No. 1..dolls, per l b . .
.425
Chrome calf, " B " grades..dolls, per sq. ft...

9,157
100,145
398,970
169,543
348,444

9,953
120,615
589,542
169,147
484,721

+
—
+
+
+

+
+
+
—
+

25.4
27.3
25.6
70.6
5.2

8.7
20.4
47.8
0.2
39.1

112
113
104

105
103

98
60
102
108

95

93

11.9

53 — 15.3
125 — 9.6
59 — 63.9
28 — 72.3

77 + 0.4
75 — 18.4
73 + 1.2

72 -

108 -

1

185,927
432,185

197,616
417,145

1921
1921

102

97,549
162,337

110,070
174,941

1921
1921

98
101

99
107

90
104

2,210
6,731

1913
1913

29
35

23

4,310

41
74

.350
.435

.350
.525

1913
1913

128
195

124

424

487

328

a 721

780

548

1919
1919

42
39

46
40

598

6,943
20,347

11,032 + 58.9
47,412 +133.0

98

49

195

124
154

94
90
124
154

96 — 3.2

88 — 1.8

1.7

Leather Products.
Belting sales:
Ouantitv
Amount




thous of l b s . .
thous. of dolls..

a Revised.

55
47

35
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.-—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

Corre^
sponding
month,
June
or
July,
1921.

July,
1922

SURVEY ( N O . 12).

Percentage increase

(+

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

J

or decrease

(-)

1921

INDEX NUMBERS.

Percentage
increase

cumulative
1922
from
1921.

1922

1922

1921

BASE
YEAR
OR
PERIOD.

(

-y

or decrease
June. July. Apr. May. June. Ijuly

u

from
June.

HIDES AND LEATHER—Continued.
Leather Products—Continued.
Boots and shoes:
Production
thous. of pairs.
Exports
thous. of pairs.
Price, wholesale, men's black
calf, blucher
dolls, per pair.

25,559

182,372

22,958
624

454
6.50

6,272

93

1919

2,988 — 52.4

1913

74

1913

7.00

56
225

225

- 10.2

61
209

209

- 14.3

209

209

00
.

61

CHEMICALS.
Production:
Acetate of lime
thous. of lbs.
Wood alcohol
galls.
Consumption, wood, carbonized
.cords.
Stocks, wood
cords.
Imports:
Potash
long tons.
Nitrate of soda
long tons.
Exports:
Sulphuric acid
thous. of lbs.
Dyes and dyestuffs
thous. of dolls.
Total fertilizer
long tons.
Price index numbers:
Crude drugs
index number.
Essential oils
index number.
Drugs and Pharmaceuticals, index number.
Chemicals
weighted index number.
Price,sulphuric acid 66° N. Y..dolls, per 100lbs.
NAVAL STORES.
Turpentine:
Net receipts
Stocks
Rosin:
Net receipts.
Stocks

barrels.
barrels.

1920

30

64

1920

30

66

64

1920

28 :

58

59

106

105

1920
27,367

52.912

3,378

35,566

49,442

31,307

20,791

282,264

2,481

1,035

554

8,367

346

421

444

4,420

66,793

57,854

65,399

507,990

178,056

+400.6

226,852 -

1909-13 ,

19.6

1909-13

10,013 4- 19.7
2,912 - 34.1

1909-13

+ 9.3

1909-13

555,340

1909-13

133

.90

32,306

36,435

10,731

16,491

48,775

barrels.
barrels.

100,556

98,368

88,097

287,138

308,027

2,810
52,606

2,2!

7,922

50,735

16,774

thous. of lbs.
thous. of lbs.

15,137

!|

8,900

10,040

14,974 1
1

11,120

19,431

132,530

119,005 — 10.2

350

404 I

169-58.3

73 !

84

63

153

64 j 56 - 13.4

130
159

177

177

177

178 +

151

135

135

133

130 - 2 . 3
115

0.6

126

125

117

116

115

147

148

158

159

157

90

90

0.0
156 - 0 . 6
71 - 11.3

239

188
15

205

212

36

35

53

+

3.2

+ 47.3

13,880 I a 99,821

493,769

220
119

10 1920

141

157

104 !

166

180

176

-2.2

10 1920

335,305

10 1920
10 1920

335,674

thous. of lbs.
thous. of lbs.

73 - 36.7

1913

9

31,306

250 + 93.3

115

1913

Aug.1914

.70

130

149

324

90

60

69

2,091 i 1,535 1,194 1,061 1,194 jl, 454 + 21.7

A u g . 1914
Aug.1914

118

24 i
88

160

175

133 j 131

149

160

+

+ 53.7

7.3

FATS AND OILS.
Total vegetable oils:
Exports
Imports
Oleomargarine:
Production
Consumption

215,178
156,250
111,098
116,211

45,664 -

78.8

1913

27 '

16

12

10

+164.9

1913

78 ! 301

308

246

92,847 — 16.4

1913

95,809 — 17.6

1913

115
91
94 ! 115

115
108

125
85

413,893

-18.2

237 -

3.6

49.1

Cottonseed.
Cottonseed stocks
Cottonseed oil:
Stocks
Production
Price, New York

tons..
thous. of lbs.
thous. of lbs.
dolls, per l b .

12,194

Minneapolis
Duluth

3-28.6

1919

a 18,763

1919

317,203 — 52.4

80

31

53

47

40

42

19

104

118

158

12 — 43. 4
9 |- 18.1

40

1919
1913

26,228

666,725

7,115

5,825

.112

.107

thous. of bushs.

226

114

333

2,843

1,591

thous. of bushs.

141

94

567

1,929

669

50

116

495

543

+ 9.7

1913

74

49

150

935

2,486

741

- 70.2

1913

85

13

1,150

1913

457

94

921

1913

48

162 154

147 —

4.5

Flaxseed.
Receipts:
44.0

1913

35 i

21

-65.3

1913

55 i

4

31
8

24
14

!j
12 |- 49.6
9 - 33.3

34
5

29
13

18
5

32 + 78.6
14 + 206.1

33

22
6

29
3

22
5

6 - 74.5
1 - 73.1

-

Shipments:
Minneapolis

thous. of bushs.

Duluth

thous. of bushs.

!

Stocks:
Minneapolis

thous. of bushs.

51

Duluth

thous. of bushs.

134

Shipments from Minneapolis.thous. of lbs.

8,271

5,795

3,607

4,248 I

Linseed oil:
9,220

57,774

48,423

-

16.2

1913

67

61 '

40

52

54

38

15,541

106,621

56 850

-

46.7

1913

37

52

14

15

12

14 i 17.8
4-

Linseed-oil cake:
Shipments from Minneapolis.thous. of lbs.
o Revised.




^ Average for fiscal year ending June 30.

I 0 A v e r a g e forfiscalyear ending A p r . 30.

36
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

Corresponding
month,
June
or
July,
1921.

' &

SURVEY (NO. 12).

FOODSTUFFS.
Wheat.
Production, monthly estimate:
Winter
thous. of bushs.. 1541,809
Spring
thous. of bushs.. 1263,392
Total
thous. of bushs.. i 805,201
Exports, including flour thous. of bushs.. 18,200
Visible supply
thous. of bushs.. a 48,816
Receipts, principal markets.. .thous. of bushs.. 20,997
Shipments, principal markets.thous. of bushs.. 21,927
Wheat flour:
8,136
Production
thous. of bbls..
7,368
Consumption
thous. of bbls..
5,500
Stocks
thous. of bbls..
Prices:
1.249
No. 1, northern, Chicago..dolls, per bush.
1.160
No. 2, red winter, Chicago.. dolls, per bush..
Flour, standard patents,
7.500
Minneapolis
dolls, per bbl.
Flour, winter straights,
6.406
Kansas City
dolls, per bbl.
Corn.
Production, monthly est
mills, of bushs.
Exports, including meal
thous. of bushs.
Visible supply
thous. of bushs.
Receipts, principal markets... thous. of bushs.
Shipments, principal markets.thous. of bushs.
Grindings(starch and glucose).thous. of bushs.
prices, contract grades (glucose)
No. 2 Chicago
dolls, per bush.
Other Grains.
Oats:
Production, monthly est.. .mills, of bushs.
Receipts, principal
markets
thous. of bushs.
Visible supply
thous. of bushs.
Exports, including meal, .thous. of bushs.
Prces, contract grades,
Chicago
dolls, per bush.
Barley:
Production, monthly est. .thous. of bushs.
Receipts, principal
markets
thous. of bushs.
Exports
thous. of bushs.
Price, fair to good, malting,
Chicago
dolls, per bush.
Rye:
Production, monthly est..thous. of bushs.
Receipts, principal
markets
thous. of bushs.
Exports, includingflour,.thous. of bushs.
Price, No. 2, Chicago
dolls, per bush.

"3,017
11,805
33,068
31,157
19,463
5,323

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

Percentage
increase
<+)
or decrease
(-)
cumulative
1922
from
1921.

1921

1922

123
86
110
257
69
197
129

138
101
124
86
173
50
54

129
101
119
120
132
92
128

123
107
117
153
95
67
110

10,720
7,746
7,090

1914
1919
1919

83
77
57

110
95
75

81
85
60

83
89
58

84
90
58

1.370
1.229

1913
1913

168
146

150
125

152
141

158

137

142 +

138

118

117

176

164

170

174

1.292
1.152
7.788
6.235

167

162

12 2,875
14,395
22,304
25,975
26,009
5,294

111
280
393
208
220
127

106
341
265
173
294
126

184,718

102,156

- 44.7

215,255
137,206

165,609
116,703

23.1
14.9

8.900

1913

6.895

1913

22,152
37,562

4,631

185,275
127,530
27,896

120,950 + 62.7
240,229
166,308
37,343

504

+ 29.7
+ 30.4
+ 33.9

12 1,090

16,811
36,667

108,594

+ 3.8
-

176

113,015

+ 4.1
+429.9

4.7
21.9
32.6
16.6
33.6
0.5

106
268
371
181
268
112

98

94

99

103 +

5.6

96

115

105

111 +

0.3

45
321

94
275
103

1913
1913
1913

198
11
100
94

1913
1913

43
94

17

85
245
236

81 - 4 . 2
211 - 14.2
153

- 34.9
107

99

100

107

.370

- 0.3

191,507

105

12193,850 12 166,906
2,283
2,519

+
+
-

446
470
97
136
100

112
281
326
235
244
109

1909-13

20,601

.372

3,269
1,153

2.7

118
361
208
118
216
100

1909-13
1913
1913
1919
1919
1913

1913

3,888

.371

179

178

3.4
0.7

1909-13

74,339

.613

121,255

200

194

0.0

+ 16
.
+ 17
+ 49
.
- 17.0
+ 88.3
-1.4

1913

12 3,186
15,234
17,519
17,658
19,127
4,195

1,251

197

123
113
119
160
79
126
108

-

+
20,560
10,451

3,073
2,108

18,280 - 11.1
7,411 - 29.1

36

34
144

12
.

25 - 30.2

+118.5
172

.641

.645

1913

102

103

102

109

+ 5.4

97
103

79,600

i 2 79,600

1264,332

1909-13

184

184

231

235

0.0

228
228

1,824
5,034

1,430
2,795
.858

2,557
936
1.222

11,840
18,655

15,345
20,582

+ 29.6
+ 10.3

1913
1913
1913

113
1,585
202

- 21.6
110
353 141
44.5
604 2,545 3,543 3,248 111
192
164
166 139 1,803 - 3.2
135

Total Grains.
Total production, estimate
mills, of bushs. 115,344
43,306
Total grain exports, incl.flour.thous. of bushs.
39,614
Car loading of grain and grain products, .cars.
11
August 1st estimate.




July
from
June.

une. July. Apr. May. June.

123
87
110
225
41
96
105

17,555
42,743
7,114

11

BASE
YEAR
OR
PERIOD.

Per
cent
age increase
or decrease

1909-13
1909-13
1909-13
1913
1913
1919
1919

542,000 H543,879
209,979
1 276,695
2
2
'2 818,665 1 753,858
19,098
30,579
35,493
40,513
39,534
61,994
21,612
25,741

.643

11

INDEX NUMBERS.

i 2 5,522
43,438
50,227

1 5,261
2
49,361
56,585
12

280,093

271,700 -

September 1st estimate.

3.0

1909-13
1913
1919

109
208
104

238
145

112
174
84

a Revised.

108
170
108

113
209
102

116 + 3.3
209 + O.3
129
26.8

37
TREND OP BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

Corresponding
month,
June
or
July,
1921.

July,
1922

SURVEY (No. 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

INDEX NUMBERS.

Percentage
increase

(

v

or decrease

BASE
YEAR
OR
PERIOD.

(-)

1921

1922

cumulative
1922
from
1921.

Percentage increase

1922

1921

or decrease

r

June. July. Apr. May. Jnne. July

from
June.

FOODSTUFFS—Continued.
Other Crops.
Rice:
21
Receipts at mills
thous. of bags.
45
385
26,755
83,961
Shipments, total from mills, .thous. of lbs.
28,320
Shipments, through New
13,592
33,101
14,253
Orleans
thous. of lbs.
Stocks, end of monthDomestic, at mills and
51,519
64,071
76,198
dealers .
thous. of lbs.
9,005
13,133
Foreign, in warehouses., thous. of lbs.
2,052
3,465
1,918
Imports
thous. of lbs.
32,979
46,832
63,265
Exports
.
thous. of lbs.
Apples:
Production, monthly est..thous. of bushs. "202,000 "207,000 "109,166
56
131
Cold-storage holdings
thous. of bbls.
2,385
ol,220
1,150
Car-lot shipments
carloads.
18,364 a 17,031
21,845
Potatoes, car-lot shipments
carloads.
1,298
«888
a 1,482
Onions, car-lot shipments
carloads.
2,440
a 3,832
5,063
Citrus fruit, car-lot shipments
carloads.
Hay production, mo. est.. thous. of short tons. "93,100 2 92,900 "79,808

7

4,888
745,303

3,728 - 23.7
461,310 - 38.1

1919

72

1919

129

63
137

246,416

158,259 - 35.?

1919

120

130

63

79

130

79

165

55

35

46

37,286 - 11.1
284,046 - 23.8

1919
1919
1919
1919

14

36

235

201

135

120
63
63
100

62

61

102

41,948
372,881

24,396
105,844
12,751
62,420

18,251
130,837
10,984
44,564

+
-

25.2
23.6
13.9
28.6

1909-13
1919
1919
1919
1919
1919
1909-13

46

108
18
17
135
131
115
137

54
18

26

118

114

128

46

85

178

144

94

137

124

121

161

3 - 53.3
44 - 5.5

56

53 -

94

63 - 32.4

4.6

51
25
149

15 - 40.8
105 - 29.6

114

117 +

2.5

3
17
146
51
71

35 +107.4
122 - 15.9
75 + 46.2

141

45 - 36.3
141 - 0.2

78

83 - 2 . 8
75 - 4 . 6

Cattle and Beef.
1,709
669
223
1,002
15,281

a 50,706
429,692
419,197

46,978

8.863
14.50
16.10

9.700
14.80
17.00

3,776
Receipts, primary markets
thousands.
1,114
Shipments, primary markets
thousands.
57
Shipments, stocker and feeder
thousands.
2,677
Slaughter
thousands.
119,855
Exports, pork products
thous. of lbs.
720,687
Inspected slaughter production, .thous. of lbs.
498,674
Apparent consumption
thous. of lbs.
Cold-storage holdings, pork products
(1st of following mo.)
thous. of lbs. a 861,638
Prices:
10.228
Hogs, heavy, Chicago.. .dolls, per 100 lbs.
20.00
Pork,loins, fresh, Chicago, dolls, per 100 lbs.

2,980
1,025
31
1,940
133,426

11,482
4,602
1,896
6,787
107,376

+ 10.9
+ 16.0
+ 36.3
+ 7.1
-5.6

1919
1919
1919
1919
1919

a 84,091
a 391,699 2,157,508 2,346,515
394,414 2,123,991 2,299,444

1,759
701
315
1,058
19,894

Receipts, primary markets
thousands.
Shipments, primary markets
thousands.
Shipments, stocker and feeder
thousands.
Slaughter
thousands.
Exports of beef products
thous. of lbs.
Cold-storage holdings of beef (1st
of following mo.)
thous. of lbs.
Inspected slaughter production.. thous. of lbs.
Apparent consumption
thous. of lbs.
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 lbs.
Beef, fresh native steers, .dolls, per 100 lbs.
Beef, steer rounds, No. 2.dolls, per 100 lbs.

1919
1913
1919

40

35

27

8.8
8.3

114

101

106

77

80

1913
1913
1913

124

115

112

118

122

110

1,343
492
122
844
18,018

10,358
3,968
1,391
6,336
113,686

8.406
14.90
16.00

77

65
55

91
87
83
95
141

72

66

63

47

28

53

88

74

79

97

132

101

24
124
94

72
146

51 - 29.2
88 - 5.3
112 - 2 3 . 2

21

20 - 7 . 4

93

125
94

101
112
116

95

104

101

80 - 21.1

93

86 - 8 . 0

76
106

41 - 45.6
76 - 27.5
163 + 11.3

94

112
123

114 +
114 +

94
.
21
.
130 + 5 6
.

Hogs and Pork.
24,861 - 0 . 4
a 2,727
24,955
8,650 4- 1.0
8,561
919
377 + 17.4
321
17
16,203 a 1,808
16,404
1.2
171,561 1,014,900
832,942 - 17.9
a 619,355 3,646,823 3,729,338 + 2.3
471,333 2,388,939 2,631,281 + 10.1

1919
1919
1919
1919
1919
1913
1919

155

209

110

128

110

105

167

160

145

100
96
93
101
121
133
170

101

76

83

73

82

77

89

23

75

71

79

827,966

922,059

1919

110

10.090
23.80

9.725
22.30

1913
1913

97

1,700
777
182
924
36,427

1,677
717
204
956

a 1,776
a 772
139
1,006
39,118

1919
1919
1919
1919
1913

82

78

63

64

3,720

3,307

6,751

4.688
11.438

5.475
12.735

2.906
10.388

15,757
a 20,818

18,738
25,601

14,983
a 40,160

116
150

146
149
178

122 I 125 122
159 I 160 135

-

39
.

121
160 + 19.0

Sheep and Mutton.
Receipts, primary markets
thousands.
Shipments, primary markets
thousands.
Shipments, stocker and feeder
thousands.
Slaughter
!
thousands.
Inspected slaughter production, .thous. of lbs.
Cold-storage holdings, lamb and
mutton (1st of following mo.), .thous. of lbs.
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs.
Sheep, lambs, Chicago...dolls, per 100 lbs.

12,277
5,138
696
7,191
245,647

10,995
5,110
1,123
5,875
200,877

- 10.4
-0.5
+ 61.4
- 18.3
- 18.2

75

74 - 1 . 4

64

59 - 7 . 7

31

35 + 12.1

88

91 +

15

24

104

95

75

67

54 |
47 |
17 j
64 |
56 !

1919

104

80

25 ! 27

44

39 - 11.1

1913
1913

57

62

117 + 16.8

133

126
160

100

138

147

163 + 11.3

87

91

108 + 18.9
+ 23.0

149
170

3.5

70

Fish.
Total catch

thous. of lbs.

Cold-storage holdings, 15th of mo .thous. of lbs.




a Revised.

95,190

August 1st estimate.

116,457 + 22.3

1919
1919

101
52

65

« September 1st estimate.

34

38
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.-—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

Corresponding
month,
June
or
July,
1921.

June,
1922

SURVEY (NO. 12).

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

(+)

or decrease

(-)

1921

1922

cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

Percentage increase

1922

1921

or decrease
June. July. Apr. M a y . J u n e . July. from
June.

FOODSTUFFS—Continued.
Poultry.
Receipts at five markets
thous. of lbs.
Cold-storage holdings (1st of followlowing mo.)
thous. of lbs.
Dairy Products.
Condensed and evaporated milk:
Exports
thous. of lbs.
Receipts at 5 markets:
Butter
thous. of lbs.
Cheese
thous. of lbs.
Eggs
thous. of cases.
Cold-storage holdings (1st of following mo.):
Creamery butter
thous. of lbs.
American cheese
thcus. of lbs.
Case eggs
thous. of cases.
Wholesale prices at 5 markets:
Butter
dolls, per lb.
Cheese
dolls, per lb.
Fluid milk:
ReceiptsBoston (including
cream)
thous. of qts.
Greater New York
thous. of cans.
Philadelphia*
thous. of qts.
Production—
Minneapolis-St. PauL... thous. of qts.
Sugar.
Receipts, Louisiana crop
long tons.
Imports, raw
long tons.
Meltings, raw
long tons..
Stocks, raw
long tons..
Exports, refined
long tons.
Prices:
Wholesale,96°centrifugal,N. Y.dolls. per lb.
Wholesale, refined N. Y
dolls, per lb.
Retail, average 51 cities
index number.
Cuban movement:
Receipts at Cuban ports
long tons.
Exports
long tons.
Stocks
long tons.

16,207

16,709

10,392

a 34,837

30,678

21,188

15,706

8,823

17,338

148,661

127,783

93,139

92,829
23,940
1,561

61,786

338,245
109,847
11,060

103,329
46,287
10,225

82,838

1916-20

41,284

1916-20

7,605

1916-20

.367
.200

.392

1919

.185

22,756
1,929
a 67,410
a 33,130
a 9,811
.377
.188

16,889
2,475

19,180
1,129

92,922

109,728

+ 18.1

57

73

82

84 + 3 1
.

76

1919

58

52

46 - 11.9-

1919

41

- 14.0

1919

31

24

34

22

22

12 - 43.8

423,065

+ 25.1
+ 7.3
12 766 + 15.4

1919

117,851

1919

181
133
130

135
118
95

93
97
245

150
116
218

203
140
162

202 - 0.3
147 + 5.2
131 - 19.1

110
94
204

147
111
206

7
51
126

23
42
218

183
89
266

225 + 53.3
125 + 39.7
277 + 4.2

55
49

66

1919

61
59

61
56

64
61

62 - 2 . 7
65 + 6.4

161 - 2.5

1919

16,054

16,019

85,271

89,308

2,427

15,216

15,689

+ 4.7
+ 3.1

1919
1913
1913

123
161
138

118
162
143

110
144
121

125
166
138

129
165

16,376

2,412

79,429

87,361

+ 10.0

1919

229

179

192

226

224

7
1913
27
1913
95
269
70
1919
92
164
95
1919
264 167
332
1909-13 2,067 2,272 4,149

7
254
178
285

+ 30.8
+ 74.9
61-0
3,414,359

2,066

2,609

4,400

14,461

460,480

451,011

123,782

1,810,135

532,052

530,334

309,800

2,121,003

277,150

309,413

159,416

164,183

88,887

67,096

.046

.052

.044

.059

.066

.055

342,736
540,354
844,622

294,169

95,777

3,286,139

3,480,903

-}-

5.9

526,849

149,774

2,734,989

2,977,830

+

8.9

650,164

1,372,605

95,060

90,591

83,703

9,151

730,534

8,577
1,086
438

8,600

9,034

1,124

1,710

657

1,154

732

975

18,911

3,166,402

13
16
262 257
164 163
290 324
5,560 3,010

+
+
-

26.3
2.1
0.3
1. &
1
45.9

1913
1913
1913

120
133
142

127
128
129

114
122
122

116
123
120

131
137
129

147 + 13. a
19
154 + 1 .
.
138 + 7 0

1919
1919
1919

53
41
122

29
46
213

218
158
155

168
174
162

104
166
131

- 14.2
162 - 2.5
101 - 23.0

1909-13

101

111

133

126

120 -

73
92
113

77
90
121

76
55

73
57
46

+ 0.3
+ 3.5
+ 50.0

78

99

108
170

76

74 - 2.9
83 - 3.6

62

68

65

87 + 34.3

Coffee.
Imports
thous. of lbs.
Visible supply (1st of following mo.):
World
thous. of bags.
United States
thous. of bags.
Receipts, total, Brazil
thous. of bags.
Clearances:
Total, Brazil, for world
thous. of bags.
Total, Brazil, for U. S
thous. of bags.

I
7,054

5,667

- 19.7

1913
1913
1913

754
337

6,661

6,647

325

3,438

2,956

- 0.2
- 14.0

1913
1913

5,367

7,208

30,613

42,415

+ 38.6

1909-13

+

4.7

Tea.
Imports

thous. of lbs.

Tobacco.
production (tax-paid withdrawals):
Large cigars
millions.
615
5,302
Small cigarettes
millions.
Manufactured tobacco and
38,233
snuff
thous. of lbs..
Exports:
Unmanufactured leaf
thous. of lbs..
29,991
Cigarettes
thousands.. ,179,420




3.1
0.9

1913
1913

326

89 : 79
!
321 ! 266

90
355

409

93 - 4.7
405 - 1.0

245,695

+ 10.9

1913

93

87 : 85
|

97

103

- 7.3

- 26.5
+ 33.6

1909-13
1913

151
134

130
169
65 I 481

127
567

95
610

103 + 7.8
362 - 40.*

586

565

3,808

5,247

4,167

28,816

3,691
29,070

35,449

32,018

221,602

32,319

53,156

318,056

233,725

700,044

125,710

4,852,287

6,4S4,706

a Revised.

39
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

Corresponding
month,
June
or
July,
1921.

July,
1922

SURVEY (NO. 12).

INDEX NUMBERS.

Percentage!
increase;

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Percentage increase

{+

J

or decrease
(-)
cumulative
1922
from
1921.

1921

1922

532,701

183,562 ! - 65.5

BASE
YEAR
OR
PERIOD.

(

1922

1921

V

or decrease
(-)
July
!
'June. July, i A p r . May. June. July. from
June.

FOODSTUFFS—Continued.
Tobacco—Continued.
Sales at loose leaf warehouses
thous. of lbs.
Price, wholesale, Burley good leaf,
dapk red, Louisville
dolls, per 100lbs.

1,196

1,953

12,248

1919

j|

4I

j!
27.50

27.50

27.50

15 j

6

2 !+ 63.3

2

i j

1913

j 208 ! 208 I
i

1915
1915
1915
1913

|
]!
|
!

1913
1913
1919

| 115
;
! 472
! 441 513
:

208 208

208

334

264
146
240
81

208

0.8

TRANSPORTATION—WATER.
Cargo Traffic.
Panama Canal:
In American vessels.. .thous. of long
In British vessels
thous. of long
Total cargo traffic
thous. of long
Sault Ste. Marie Canal.. .thous. of short
Mississippi River:
Receipts at St. Louis
short
Shipments from St. Louis
short
Government barge line

tons.
tons.
tons.
tons.

480
268
978
8,066

tons.
tons.
tons.

25,315
16,935
69,415

Vessels in Foreign Trade.
Entered in U. S. ports:
American
thous. of net tons.
Foreign
thous. of net tons.
Total
thous. of net tons.
Cleared from U. S. ports:
American
thous. of net tons.
Foreign
thous. of net tons.
Total
thous. of net tons.

341
194
10,235

2,399
1,829
5,550

2,788 i-f 16.2
1,725 S - 5 . 7
5,788 !+ 4.3

8,139
14,155
33,310

70,790
96,795

2,603
2,945
5,548

3,187
3,435
6,622

2,593
3,164
5,757

17,372
17,799
35,172

2,625
3,028
5,653

3,053 ;
3,286
6,339

2,513
3,362
5,875

16,528
18,840
35,369

67,975 !— 4.0
108,145 ! + 11.7

16,750 j — 3.6
IS,292 jj+

2.8

35,042 | j — 0-4
16,776 ';i+

1.5

18,151 j — 3.7
34,926 I—

1.3

187 173 274
106 131 162
171 174 257
82 ! 6
81

1913
1913
1913

221 i 184
97 ! 75
128 I 104
!
191
201
77
104
109
131

226
91
124

1913
1913
1913

72
346
651

237
96
137

174
284
33
144
839
790

244
80
123
210
79
115

!
!
!
!
j
'
! 103 |+ 26.9

144 I
427 i
795

222 ! 271 22.4
+
90 j 105 •4- 16.6
125 ! 149 + 19.4
210 j 244
16.3
94 | 102 + 8.5
126 I 141 + 12.1

Index Ocean Freight Rates.
United States Atlantic to:
United Kingdom
All Europe

Jan. 1920
Jan. 1920

weighted index.
weighted index.

42. 7 42.5 j: 27.3 27.9 27.5 28.8 j+ 4.7
1
37. 6 36.8 ' 25.4 25.7 25.9 25.9 j+ 0.8
I

1920
1919

19

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

209
17

221
19

520
85

5,428
946

1,534 - 71.7
189 ! - 80.0

19 j+ 5.7
6 !+ 11.8

TRANSPORTATION-RAIL.
Freight Cars.
Surplus:
Box
number.
Coal
number.
Total
number.
Shortage:
Box
number.
Coal
number.
Total
number.
Bad order cars, total (1st of foPg mo.).number.
Car loadings (weekly average):
Total
cars.
Grain and grain products
cars.
Live stock
cars.
Coal
cars.
Forest products
cars.
Ore
cars.
Merchandise and miscellaneous
cars.
Freight carried
mills, of ton-miles.
Railroad Operations.
Revenue:
Freight
thous. of dolls.
Passenger
thous. of dolls.
Total, operating
thous. of dolls.
•perating expense
thous. of dolls.




60,101
147,558
339,225

21,367
93,013
131, 267 j 161,
723
174, 927
321, 781

1919
1919
1919

113
214
170

178
215
197

115
311
196

2.59
161

26 - 64.4
73
195 ! 174 :— 11.0
179 I

92 -

48.4

I
1,397
3,148
4,803
324,583
851,700
39,614
29,201
93,736
62,621
54,054
563,043
29,049

1919
1919
1919
1913

| 16,550 ||
3,710
j
6,633 |!
S3
| 24,973 !
3,905
I 345,013
376,417
828,029
50,227
26,723
75,639
55,1S1
63,528
547,143

750,717
56,585
23,979
145,420
41,558
30,389
448,886
28,141

163,502

a 322,236
a 99,753
a 461,585
...|i 0380,856

1,870,442
574,940
2,676,181
2,363,344

...I!

169,984 ;:+ 4.0

235 i 249

1919
1919
1919
1919
1919
1919
1919
1913

95 I 94
104 | 145
83 j 73
82
73
81
78
95
103 i 104

1913
1913
1913
1913

182
173
181
210

20
1
5 ; 2
31

16 :

2
9
3
217
91
84
82
41
99
26
110
90

10
7
226
98
108
90
47
107
49
114
102

7
75
20
215

; 87 | (5)
| 1-58 '4-110.7
! 103 4-419.9
! 229 4- 6.3

106 !

103 \- 2.8

102 !

129 4- 26.8

89 !

81 !- 8.5

53

l

110
144 '

170 4- 17.5

119

116 -

106 '

|

j'
331,872
96,012
473,785
363,984
o Revised.

1,865,404
502,852
2,611,125
2,078,673

- 0.3
- 12.5
- 2.4
- 12.0

& Very large increase.

;
|
|
I

178
189
181
200

181
145 i 149
163 | 176
185 ' 196
163

43 - 19.3
97 - 11.9

188
167
186
200

2.8

40
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

July,
1922

SURVEY (NO. 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Corresponding
month,
June
or
July,
1921.

INDEX NUMBERS.

Percentage
increase

Percentage increase

( }

t*

or decrease
(-)
cumulative
1922
from
1921.

1921

1922

145,485

BASE
YEAR
OR
PERIOD.

1921

1922

or decrease
June. July. Apr. May. June. July. from
June.

349,093 +140.0

TRANSPORTATION—RAIL—Continued.
Railroad Operations—Continued.
Net operating income
Receipts per ton-mile
Pullman passengers carried

thous. of dolls..
index number..
thousands..

1913

LABOR.
Number employed:
New York State
thousands..
490
Wisconsin
index number..
Total pay roll:
New York State
thous. of dolls..
12,199
Wisconsin
index number..
Av. weekly earnings, Wisconsin .index number..
Unemployment, Pennsylvania
number.. 124,665
Employment agency operations:
Workers registered
total number.. 259,451
Jobs registered
total number.. 252,106
Workers placed
total number.. 191,301
Average applicants per job
number..
1.03
Immigration
number.. a 36,236
Emigration
number.. a 26,944

2,891

490

12,136

2,904

1914

18,273

17,814

2.5

1914
is 1915
13 1915

99,210

" 1921

294,985
1,345,867
979,073
776,485

41,241
14,738

46,367
37,791

474,612
226,715

208,338 135,495 -

56.1
40.2

103
177
124

144

140 - 2.8

100
102

101
105

103
110

103
0.0
107 - 2.7

1S9
167
187
112

194
193
190
82

200
206
197
63

205
219
200
47

204
200
186
38

105
138
128
76
25

130
186
177
70
31
45

128
216
202
60
30
53

35 + 13.8
- 45.3

95

444

11,219

116
174
140

1915

1913
1913

2,987

84
180
119

97
95
95
102
39
74

9

85
178
134

13

a 51,067

76,594

196
177
200
100

Sept.,1921
Sept., 1921
Sept.,1921
Sept.,1921
1913
1913

128

-

0.5
8.7
7.0
20.4

PRICE INDEX NUMBERS.
Farm prices:
Crops
index number..
Live stock
index number..
Wholesale prices:
Department of LaborFarm products
index number..
Food, etc
index number..
Cloths and clothing
index number..
Fuel and lighting
index number..
Metals and metal products
index number.
Building material
index number..
Chemicals and drugs., index number.
Ho Use-furnishing goods, index number.
Miscellaneous
index number..
All commodities
index number.
Federal Reserve Board indexGoods imported
index number.
Goods exported
index number.
All commodities
index number..
Dun's (1st of following mo.) .index number..
Bradstreet's (1st of following
month)
index number..
Retail prices, food
index number.
Cost of living:
National Industrial Conference Board—
Food
index number.
Shelter
index number.
Clothing
index number.
...index number..
Fuel and light
Sundries
...index number..
All items weighted. ...index number..
Foreign wholesale prices:
United Kingdom.
index number.
France
index number.
Italy
index number.
Germany
..index number..
Canada
index number. J
a Revised.




9

Average for fiscal year ending June 30.

1913
1913

107
104

107
109

115
115

118
118

119
119

118 - 0.8
119
0.0

1913
1913
1913
1913

114
137
172
191

119
141
172
186

129
137
171
194

132
138
175
216

131
140
179
225

135
142
180
254

+
+
|+
-f

3 1
1.4
0.6
12.9

1913
1913
1913
1913
1913
1913

133
163
133
196
125
142

124
160
129
180
123
141

113
156
124
175
116
143

119
160
122
176
116
148

120
167
122
176
114
150

121

+

0.8-

1913
1913
1913
1913

102
126
142
132

103
126
145
135

115
144
149
139

119
155
158
140

124
163
161
144

129
165
165
143

+
+
+
-

4.0
1.2
2.5
0.7

1913
1913

116
144

120
148

127
139

129
139

131
141

131
142 +

0.0
0.7

Jy.,1914
Jy.,1914
Jy.,1914
Jy.', 1914
Jy.,1914
Jy.,, 1914

145
171
162
178
185
162

144
169
164
179
185
163

139
165
155
174
174
155

139
165
156
174
174
155

141
165
153
174
174
155

142
165
154
174
172
156

0.7
0.0
0.7
0.0
1.1
0,6

163
325

0.0
0.0

J66

0.6

178
162
179
159
163
1913
314 317 325
325 330
1913
527 524
509 520
537
1913
Jy., 1914 1,517 1,798 1.573 6,809 7,978
176
167
166
179
165
1913
13

First quarter of year.

4

170 | +

1.8

121

0.8

173

1.7

114

0.0

155

3.3

Nine months average, April to December, inclusive.

41
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

Corresponding
month,
June
or
July,
1921.

July,
1922

SURVEY (NO. 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

Percentage
increase
<+)
or decrease
(-)
cumulative
1922
from
1921.

INDEX NUMBERS.

BASE
YEAR
OR

Per-| centage in• crease

1922

1921

or decrease

PERIOD.

June. July.

July
from
June.

Apr. May. June. July

PRICE INDEX NUMBERS—Continued.
Foreign wholesale prices—Continued.
Australia
India
Japan
Sweden

index
index
index
index

number..
number..
number..
number..

DISTRIBUTION MOVEMENT.
Mail-order houses, total sales.. .thous. of dolls..
Sears, Roebuck & Co
thous. of dolls..
Montgomery Ward & Co. .thous. of dolls..
Chain stores, total sales c
thous. of dolls..
F. W. Woolworth Co
thous. of dolls..
S. S. Kresge Co
thous. of dolls..
McCrory Stores Corp
thous. of dolls..
S. H. Kress &Co
thous. of dolls..
J. C. Penney Co
thous. of dolls..
United Cigar Stores Co.
thous. of dolls..
Owl Drug Co
thous. of dolls..
Music (4 chains)
index number..
Grocery (16 chains)
index number..
Drug (7 chains)
index number..
Cigar (3 chains)
index number.,
Shoe (5 chains)
index number..
Total department store sales (159
stores)
index number.
American Wholesale Corporation,
total sales
thous. of dolls..
Magazine advertising d
thous. of lines..
Newspaper advertising
thous. of lines..
Postal receipts
thous. of dolls..
PUBLIC FINANCE.
U . S . interest-bearing debt
mills, of dolls..
Liberty and Victory Loans and
War Saving securities
mills, of dolls..
Customs receipts
thous. of dolls..
Ordinary receipts
thous. of dolls..
Ordinary disbursements
thous. of dolls..
Money held outside U.S.Treasury and Federal
Reserve System:
Total
mills, of dolls..
Per capita
dollars..

148

155

156

157 ! + 0.6

182

187

183

181 I -

197

194

165

164

133

196

194

174

134

185

182

137

206

131

222

193

261

229

225

281

270

265

195

195

244

233

225

384

370

471

444

448

222

233

308

276

271

251

231

267

280

279

1,792 1,849

,813

Jy.,1914
Jy.,1914
1913
1913
19,565
10,910
8,655
21,104
12,432
4,945
1,219
2,508
3,988
5,932

17,355
12,245
5,110
21,001
12,557
4,901
1,293
2,250
3,202
6,100
895

15,005
10,676
4,329
17,956
10,744
4,087
1,048
2,077
3,290
6,263

141,592
100,092
41,500
123,154
72,956
28,281
7,184
14,700
23,880
43,347
5,923

141,659
94,748
46,911
137,220
82,774
31,799
8,381
15,266
22,913
39,975
5,883

i:+
4+
+
+

r

40

I - 7.8
I - 0.7

159
183
196
211

1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1919
1919
1919
1919
1919

0.0
5.3
13.0
11.4
13.5
12.4
16.7
3.9

162
178
192
218
159
139

1,745 1,497

154
154
154
263
228
444
287
251
1,455

251

254

244

253

241

247

263

273

254

261

274

275

60

56

79

81

81

79

116

115

137

137

133

132

- 11. a
+ 12.2
- 41.0
-0.5+ 10
.
- 0.S
+ 61
.
- 10.3
|- 19.7
2.8
0.4
2.5
0.8
1.6
+ 19.8
- 17.9

121

122

120

123

124

126

128

129

125

129

106

127

128

101

156

127

123

101

79

114

117

111

79 - 28.8

1919
1,848

3,468

3,250

18,674

16,338

-

1,243

1,105

12,026

11, 795

-

1.9

90,796

77,966

a 73,203

598,563

617,357

+

3.1

22,169

19,543

ol7,509

139,209

151,606

+

8.9

22,710 i

22,716

23,534 !

18,292 |

17,751
37,492
204,977 !
218,697 |

1913
1913
1919
1919

12.5

1,351

19,776 !

38,862
472,936
314,770

4,376

4,337

39.87

39.47

19,796 i

111 j
160

238

154

128

135

254 + 87.7

103

90

150

134

110

102 -

104

87

116

116

108

93 - 14.1

107

95

120

121

121

106 - 11.8

92

90

1919

93

-

1913

246,927

+ 32.3
1,999,619 - 30.2
1,753,397 - 40.2

0.0

90

95

1919
186,703

93

75

127

134

146

8.0

3.0

141 - 3 . 5

1913

346

328

342

784

340 -

56.7

825

566

426

418

553

384 -

30.5

102

99 I',

88 -

0.9

1919

101

98 li

86 -

1.0

1919

4,866 |
45.02 !

1,243

1913

1919

209,068 ! 2,866,482
321,819 \ 2,929,732

87

BANKING AND FINANCE.
Banking.
Debits to individual accounts:
22,063
New York City
mills. of dolls..
17,168
Outside New York City
mills. of dolls..
Bank clearings:
20,111
New York City
mills. of dolls..
Outside New York City
mills. of dolls..; o 12,842
Federal Reserve Banks:
Total investments *
mills. of dolls.
711
Bills discounted
mills. of dolls.
469
Notes in circulation
mills. of dolls.
2,124
3,148
Total reserves
mills. of dolls.
1,939
Total deposits
mills. of dolls.
77.5
per cent.
Reserve ratio
Federal Reserve member banks:
Total loans, discounts, and
;.
15,188
investments
mills, of dolls..
Net demand deposits
mills. of dolls..
;.
11,124
a Revised.




19,713
16,315

16,340

120,130

140,152

14,984

111,485

114,871

18,337 j

15,355

113,371

127,778

12,298 I

11,474

83,367

83,322

+

3.0 i

80 :

102

106

85 I

1919

94

92

108

97 ;— 10.7
93 -

5.0

|j
238

244 | 255

233 -

8.8

188 '

191

204 ! 210
!

201 -

4.2

187

451

501

494

484 -

2.0

26

24

24

20 -

19.0
0.1

+12.7

1913

214 | 195

-

1913

196

0.1

697

269 ;

1916

201

380

1,650 !

1919

!

92

85 '

2,127

2,538 I

1919

101

97

82

82

81

81 +

3,181

2,685 |

1919

120

123

143

143

144

145 +

1.0

1,888

1,695 j

1919

87

88

95

97

100

97 -

2.6

79.2

63.4 !

1919

141

145

156

155

154

158 +

2.2

15,189 j

14,889 |

1919

101

11,043 i

10,002 !

1919

c Includes Woolworth Kresge, McCrory, and Kress only.

95 >

98 '

97

99

95 i

101

104

100 ! 100

0.0

105 I 104 -

0.7

d Condition for month following one indicated.

42
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

INDEX NUMBERS.

Percentage

Percentage increase

increase

June,
1922

Corresponding
month,
June
or
July,
1921.

July,
1922

SURVEY (NO. 12).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

\ or de- i
crease '

(-)
cumulative
1921

BASE
YEAR
OR
PERIOD.

1922
from
1921.

1922

1922

1921

<+>
or decrease

June.'July, i Apr. May.
June. July

July
from
June.

BANKING AND FINANCE—Continued.
Banking—Continued.
Interest rates:
5.70
New York call loans
per cent..
4.13
3.88
6.40
Commercial paper, 60-90 d a y s . . .per cent..
4.05
3.78
Savings deposits (balance to credit of depositors):
Boston Federal Reserve
district
thous. of dolls.. 1,097,919 1,102,250 1,066,782
New York Federal Reserve
district
thous. of dolls.. 1,738,814 1,728,753 1,659,333 i
Philadelphia Federal Reserve
413,893
district
thous. of dolls.. 424,063 423,963
Cleveland Federal Reserve
384,153
district
•.thous. of dolls.. 381,994 377,989
Richmond Federal Reserve
244,670
district
thous. of dolls.. 276,648 269,238
Chicago Federal Reserve
775,265
district
thous. of dolls.. 751,070 776,081
San Francisco Federal
714,928
766,807
Reserve district
thous. of dolls.. 768,704
New York State savings
2,648
2,792
banks
mills, of dolls.. 15 2,717
152,500
137,175
U. S. Postal Savings
thous. of dolls.. 138,750

1913
1913

196
117

179

137
79

125
74

130
70

122 - 6.2
.
65 - 7 1

1920

103

103

105

105

106

.
106 + 0 6

1920

109

108

111

111

113

113 - 0 . 6

1920

106

106

110

109

109

109

1920

114

111

109

109

111

109 - 1.0

1920

108

109

117

119

123

119 - 2 . 7

1920

103

101

100

101

103

102 - 3.3

1919

125

123

128

129

132

132 - 0 . 2

1913
1913

154
384

158
360

354

161
349

+ 2.8
345 - 1.1

1913
1913
1913
1913

224
145

205
113

218
151

228
164

222
152

158

128

161

175

164

215 - 3 . 0
143 - 6 . 4
- 5.2
-5.7

292
202
383
268

267
158

+ 81
.

1913
1913
1913
1913

310
237
1,687
300

15,137 + 44.5
413,726 + 17.1

1913
1913

99
152

108

162
322

147
195

130
168

131 + 0 7
.
176 + 4 6
.

2,200,372 2,204,808 + 0 2
.

1913

230

164

194

232

120 - 48.3

1,702,726

2,099,311 + 23.3

1913

131

124

325

292

240

166 - 30.8

617,018
490,458
5,399,211

844,142 + 36.8
189,656 - 61.3
4,829,306 - 10.6

1913
1913
1913

373
112
392

320
107
164

431
12
460

362
37
545

495
48
173

343 — 30.7
60 + 25.4
368 + 113.2

212,951
45,994

234,943 + 10.3
52,714 + 14.6

1913
1913

280
218

275
184

305 i 305 307 !

'!
i

0.9

Life Insurance.
Policies, new:
Ordinary

thous. of policies..

164

159

152

1,150

Industrial

thous. of policies..

579

542

431

3,732

number of policies..

58

55

29

292

thous. of policies.

Group

743

701

583

4,881

Total insurance

1,090 - 5 . 2
4,108 + 10.1
344 4- 17.8
5,197 ;;+ 6.5

Amount of new insurance:
Ordinary

thous. of dolls..

420,362

405,609

352,134

2,639,238

Industrial

thous. of dolls..

115,959

110,423

81,872

711,473

Group

thous. of dolls..

16,814

11,068

4,088

45,228

Total insurance

thous. of dolls..

553,135

527,099

438,093

3,395,936

1,444

10,479
353,445

2,750,506
822,186
98,145
3,670,837

+ 4.2
+ 15.6
+ 117.0

326 319
241
213
223
689 1,164
305 ! 299 285

-3.5
-4.8
- 34.2
-4.7

Business Finances.
Business failures:
number..

1,740

1,753

thous. of dolls..

38,242

40,010

thous. of dolls..

344,210

178,100

Firms
Liabilities

42,774

Dividend and interest payments**

ol73,860

New capital issues:
Corporations

thous. of dolls..

329,304

227,976
170,474

States and municipalities—
Permanent loans

thous. of dolls..

168,405

116,740

109,040

Temporary loans

thous. of dolls..

19,245

24,135

42,930

297,557

634,259

281,759

New incorporations

thous. of dolls..

Telephone earnings:

j

Total operating revenue.. .thous. of dolls..
Total operating income

thous. of dolls..

40,252

36,743

9,137

8,084

Commercial telegraph tolls, thous. of dolls..

8,283

48,359

47,648 - 1.5

1919

109

revenue

thous. of dolls..

10,967

10,601

thous. of dolls..

Operating income

2,101

1,434

61,788
6,725

1919
1919

105
88

1916
1916
1916

60,477 - 2.1
8,952 + 33.1

91
94
100

Credit conditions:
per ct. of total transactions..

26.4

27.9

27.4 !..

Indebtedness, per ct. of total transactions..

43.1

42.7

35.8 L

Payments

48.5

46.0

per ct. of total transactions..
15

March, previous quarter.




55.9 ' . .
a Revised.

243

102 ;

8,744

113

115

103

Telegraph and cable operating

Orders

246 j
250 ;

Telegraph earnings:

99
50

97
78
90
99
92
108
102 i 84

109
I 108
j 123
96
j 87
I 115 111
88
90

d Condition for month following one indicated.

101 + 5 2
.
110 - 0 . 9
84 - 4.S

43
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
itMns, see the last quarterly issue of the

June,
1922

Corresponding
month,
June
or
July,
1921.

July,
1922

SURVEY (NO. 12).

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

or decrease
(—)
cumulative
1922
from
1921.

1921

BASE
YEAR

Percentage increase

1922

or decrease

OR

PERIOD

June. July. |! Apr. May. June.: July. from
June.

BANKING AND FINANCE—Continued.
Stocks and Bonds.
Stock prices, closing:
25 industrials, average
dolls, per share.
25 railroads, average
dolls, per share.
Stock sales (N. Y. Stock E xch.). thous. of shares.
Bond sales:
Miscellaneous
thous. of dolls.
Liberty-Victory
thous. of dolls.
Total
thous. of dolls.
Bond prices:
Highest-grade rails
per ct. of par.
Second-grade rails
per ct. of par.
Public utility
per ct. of par.
Industrial
per ct. of par.
Combined price index
per ct. of par.
Municipal bond yield
per cent.

96.79
61.47
24,036

99.31
63.83
15,149

73.85
53.35
9,295

197,772
126,121
323,893

188,691
114,284
302,975

109,535
143,182
252,717

1913

131

1913

61

102,373

152,877 4- 49.3

1913

262

677,564
1,090,728
1,768,292

1,496,700 +120.9
1,099,187 + 0.8
2,595,887 + 46.8

1919

129

1919

92

1919

101

1915

78

1915

77

I

85.29
71.89
67.92
74.10
74.28
4.18

88.09
73.18
68.47
74.64
75.48
4.19

72.56
60.06
53.04
53.66
58.89
5.24

76,880
675
a 12,977
1,601

92,399
730
42,987
645

88,474
690
a 64,247
a 3,735

494,411
4,618
416,105
10,427

536,042 + 8.4
3,186 + 31.0
165,962 | — 60.1
|
10,893
45
.

4,760
6,346
6,004
.711
35.900

4,341
6,957
6,269
.702
35.644

3,902
4,513
5,113
.603
37.481

33,087
31,963
26,156

29,500 i- 10.8
41,837 + 30.9
39,435 + 50.8

4.45
.088
.050
.082
.003
.387
.258
.190

4.45
.082
.046
.078
.002
.388
.259
.191

.478

.47S

.819
.137
.126

.818
.136
.130

1915

70

1915

77

127
64
134

162
74
440

166
75
418

166
74
347

171 + 2 . 6
77 + 3.8
219 j - 37.0

154
60
82

371

322
61
122

277
53
105

265 i 48 98 -

4.6
9.4
6.5

94
96
93
106
97
94

95
95
92
105
97
94

98 +
97 |
93 j
108 j
98 j
94 !

3.2
2.1
1.1
1.0
1.0
0.2

81 i
79
72
70
77
118

90
104

1915

75

1913

118

1913

60
94
821 1,210
49
10

48
70
231
21

169
45

244
21

62 1+ 20.2
100 + 8 1
.
810 +231.3
- 59.7

74
161
98
111
124

76
184
109
119
131

212
115
119
130

78
233
120
117
129

93

Gold a n d Silver.
Gold:
Domestic receipts at mint
fine ounces.
Rand output
thous. of ounces.
Imports
thous. of dolls..
Exports
thous. of dolls.
Silver:
Production
thous. of fine oz.
Imports
thous. of dolls.
Exports
thous. of dolls.
Price at New York
dolls, per fine oz.
Price at London., .pence per standard oz.

43

1913

93

1913
1913

1913

27

1913

98

1913

127

70
151
98
101
136

3.63
.078
.045
.076
.013
.318
.210
.165

Par val.
Par val.

7S
42

75
40

91
48

Par val.

26

23

28

Par val.

42

40

44

Par val.

6

5

1

Par val.
Par val.

83
84

79
79

94
97

Par val.

88

86

101

.480
.231

Par val. |l
Par val. ji
Par
Par
Par
Par

89
72
36
56

+
+
-

96
50

.882
.658
.104
.104

55 j 52

1913

72

1913

121

8.8
9.6
4.4
1.3
0.7

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

val.
val.
val.
val.

|j
|;
j|
I

Par val. j

0.0
- 6.8
- 8.0
-4.9
- 33.0
+ 0.3
+ 0.4
+ 0.5
0.0
0.0
+
+

59 !

76
93

79
98

-

53

0.1
0.1
0.7
3.2
3.6

U. S. FOREIGN TRADE.
Imports by G r a n d Divisions.
Europe:
Total
France
Germany
Italy
United Kingdom
North America:
Total
Canada




dolls..
dolls..
dolls..
dolls..
dolls..

76,000
10,025
9,595
4,791
27,141

75,095
9,059
9,598
5,155
27,938

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

72,322
30,733

76,935 ;
33,682 j

thous.
thous.
thous.
thous.
thous.

of
of
of
of
of

! 56,754 \ 432,639
1 11,316 j 81,305
1
| 8,217 | 45,271
| 5,018
33,207
! 14,984
138,785
47,351
23,627

516,582
76,752
61,968
32,400
183,295

19.4
— 5.6
+ 36.9
- 2.4

1913
1913

;
'

1913

j

45

54

1913

!

107

109

+ 32.1

1913

65

66

471,762 |— 4.9

1913

168

146

202,665 I 185,263 j — 8.6

1913

197

199

496,287

a Revised.

!

91 ! 103 105
93 I 100 j 87
G3
78 j 121
104
112 120
195
180

221
239

223
259

104 — 1.2
78 — 9.6
0.0
63
7.6
112
2.9
123
237
284j

6.4
9.6

44
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the
SURVEY (NO.

June,
1922

July,
1922

12).

Corresponding
month,
June
or
July,
1921.

INDEX NUMBERS.

Percentage1
increase.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

(+)

ordecumulative
1922
from
1921.

1921

1922

183,157
38,358

186,695 4- 1 9
.
42,795 + 11.6

BASE
YEAR
OR
PERIOD.

1921

Percentage increase

1922

or decrease
| July
June. July. Apr. May. June July. from
June.

U. S. FOREIGN TRADE—Continued.
Imports by Grand Divisions—Continued.
South America:
Total
Argentina
Asia and Oceania:
Total
Japan
Africa, total
Grand total

thous. of dolls.
thous. of dolls.

29,158
7,891

29,964
8,234

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

80,535
35,825
1,975
260,391

66,479
20,261
3,655
252,128

362,786
52,737
25,106
123,084
23,765
1,618
178,159 1,498,635

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

186,246
22,945
28,191
11,933
77,245

158,634
21,243
20,315
18,111
62,346

183,195
13,946
36,324
13,674
71,315

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

75,917
47,960

75,616
49,514

87,357
51,996

729,376
348,287

thous. of dolls.
thous. of dolls.

20,929
9,023

19,530
7,378

15,548
7,257

200,653
82,515

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

46,812
16,353
4,780
334,684

43,251
16,024
4,282
301,313

84,298

81,784

80,757

39,936
25,242
18,857

38,817
24,237
18,579

52,146

1913
1913

119
191

119
218

139
208

200
285

170
370

181 + 2.8
+ 4.3

26.5
41.8
57.9
11.5

1913
1913
1913
1913

204
246
158
124

200
304
82
119

223
230
327
145

265
360
217
169

306
435
100
174

252
246
185
169

1,476,238 1,155,359 — 21.7
125,953
139,269 + 10.6
224,890
187,042 — 16.8
144,857
72,006 — 50.3
582,687
475,500 — 18.4

1913
1913
1913
1913
1913

142
99
105
347
131

147
109
124
209
145

146
172
106
168
146

135
157
144
151

149
179
96
182
157

127 — 14.2
166 — 7.4
— 27.9
276 + 51.8
127 — 19.3

484,973 — 33.5
297,574 — 14.6

1913
1913

184
146

174
155

142
129

142
132

152
143

151 — 0.4
147 + 3.2

122.138 — 39.1
52,297 — 36.6

1913
1913

143
161

127
158

151
184

149
176

171
197

160 — 6.7
161 — 18.2

18.3
12.5
38.8
25,8

1913
1913
1913
1913

263
328
167
163

204
280
154
157

242
270
164
154

249
271
149

270
314
198
162

250 —
—
178 —
146 —

7.4
2.0
10.4
10.0

653,010

569,199 - 12.8

1913

138

126

126

139

132

128 -

3.0

42,090
20,232
18,005

344,803
152,127
154,102

273,415 - 20.7
163,121 + 7.2
131,200 - 14.9

1913
1913
1913

215
78
109

174
112

166
91
118

178
108
125

165
107
117

161 - 2.8
103 - 40
115 - 1.5

60,419

43,172

412,067

412,181

0.0

1913

87

99

127

133

119

138 + 15.9

3,044
7,671
40,565

2,806
8,041
48,455

2,702
2,775
36,705

20,795
27,654
355,936

0.0
20,791
54,211 + 96.0
330,013 - 7.3

1913
1913
1913

107

111
127
129

112
150
131

112
132
118

103 - 7.8
138 + 4.8
141 + 19.5

8,720

8,317

9,362

59,048

63,989 + 8.4

1913

78

103

101

1,611
4,787
2,230

1,436
4,795
2,084

3,062
4,082
2,216

16,355
27,324
15,287

14,662 - 10.4
33,187 + 21.5
16,034 + 4.9

1913
1913
1913

168
49
90

230
76
90

175

162
85
92

121
90
91

108 - 10.9
90 + 0 2
85 -6.5

312,435

443,937

177,530

1,542,317 2,296,848 + 48.9

1920

41

82

92

84

120 + 42.1

16,145
237
4,794

17,305
252
5,064

8,045
64
816

66,746
952
6,842

106,902 + 60.2
88.4
1,794
32,248 +371. 3

1920
1913
1913

33
17
0

75
66
83

73
57
78

78 + 7.2
61 + 6.3
83 + 5.6

369
400
16,172

399
471
18,903

10
117
15,463

1,577
1,533
68,870

2,549 + 61.6
3,029 + 97.6
140,632 + 104.2

1913
1913
1913

48
72

43
63
66

47 + 8.1
74 + 17.8
78 + 16.9

19,709
4,638

458,966
174,486
37,531
1,671,536

+
+
+
+

— 17.5
|— 43.4
|+ 85.1
I— 3.2

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

327,184
35,374
400,342
117,375
14,588
132,037
52,950
3,708
32,392
325,181 2,859,559 2,122,046

—
+
—
—

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES.
United Kingdom.
Imports (values):
Total
thous. of £ sterling.
Food, drink, and
tobacco
thous. of £ sterling.
Raw material
thous. of £ sterling.
Manufactured articles.thous. of £ sterling.
Exports (values):
Total
thous. of £ sterling.,
Food, drink, and
tobacco
thous. of £ sterling.
Raw material
thous. of £ sterling.
Manufactured articles.thous. of £ sterling.
Reexports (values):
Total
thous. of £ sterling.
Food, drink, and
tobacco
thous. of £ sterling.
Raw material
thous. of £ sterling.
Manufactured articles.thous. of £ sterling.
Exports of key commodities (quantities):
Cotton piece goods
thous. of sq. yds.
Woolen and worsted
tissues
thous. of sq. yds.
Iron and steel
thous. of long tons..
Coal
thous. of long tons.,
Production:
Pig iron
thous. of long tons.,
Steel ingots
thous. of long tons..
Coal
thous. of metric tons..




«Index number less than 1.

24

91 - 4.6

45
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be found at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

June,
1922

Jul
July,
1922

SURVEY ( N O . 12).

Corresponding
month,
June
or
July,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

Percentage
increase
(+)
or decrease
(-)
cumulative
1922
from
1921.

INDEX NUMBERS.

BASE
YEAR
OR
PERIOD.

1921

Percentage increase

1922

or decrease
June. July.

Apr. May. June. July.

July
from
June.

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES—Continued.
United Kingdom—Continued.
Stocks, zinc
short tons..
Employment:
Trade unions.....
per cent employed..
France.
Imports (values):
Total, all commodities
mills, of francs..
Foodstuffs
miMs. of francs..
Raw material
mills, of francs..
Manufactured articles
mills, of francs..
Exports (values):
Total, all commodities
mills, of francs..
Foodstuffs.
mills, of francs..
Raw materials
mills, of francs..
Manufactured articles
mills, of francs..
The Netherlands.
Total trade (values):
Imports
thous. of guilders..
Exports
thous. of guilders..
Exports of key commodities (quantities):
Butter
metric tons..
Cheese
metric tons..
Margarine
metric tons..
Flower bulbs
metric tons..
Germany.
Total trade (values):
Imports
thous. of dolls.
Exports
thous. of dolls.
Production:
Coal
thous. of metric tons.
Lignite
thous. of metric tons.
Belgium.
Production:
Zinc
short tons..
Coal
thous. of metric tons.
Pig iron
thous. of metric tons.
Steel ingots
thous. of metric tons.
Canada.
Total trade:
Imports
thous. of dolls.
Exports
thous of dolls...
Exports of key commodities (quantities):
Canned salmon
thous. of pounds..
Paper, printing
thous. of pounds..
Cheese
thous. of pounds..
Wheat
thous. of bushs..
Production:
Pig iron
thous. of long tons..
Steel ingots
thous. of long tons..
Bank clearings
mills, of dolls..
Bond issues:
Government and provincial, thous. of dolls.
Municipal
thous. of dolls..
Total
thous. of dolls..
Corporation
thous. of dolls..
Business failures:
Firms
number..
Liabilities
thous. of dolls..
Building contracts awarded
thous of dolls..




5,221

4,804

1920

76,9

84.3

20,331

1913

27

79

23

85

85

1913

2,647
8,252
5,048
16

2,714

1,414

7,892

4,774

5,531

5,039

39,066

92

355

854

1,161,783 - 12.1

171

239

64

70 +

8.6
3.9

242

262

240

234

225

305

273

342

332

212

176

194

189

349

284

297

321

1913

772,871

334

211

1913

1,321,591

&0

256

290

1913

170,674

248

1913

105,420

209
287

1913

104,573

246
324

1913

163,859

19 -

85

1913

150,900
100,681

20

305

287

392

356

1919

80

82

- 10.6

1919

103

92

11,827

14,504 + 22.6

1913

60

80

29,853

38,918 + 30.4

1913

103

131

150

31,866 - 18.4

1913

97

77

85

2

1

691,063

1,088

4- 27.4

1913

109,448
96,288

92,649

524,297

1913

78,098

489,537

1913

9,074
10,058

10,295

66,450

69,523

4.6

1913

10,058

59,787

65,459

9.5

1913

5,457

41,317

65,630 + 58.8

1,700

10,623

10,709 —

+ 2.5
144 — 4.4
+ 9.6
4 +475.0

9,160
1,675
115
113

9,877

61,669
73,107

60,757

62,406

71,821

56,440

1,192
172,959
7,093
11,760
29
33
1,267
450
4,387
4,837
5,454
362
1,529
35,620

0.8

77

57

146

157

138

1920

121

126

118

1913

91

90

139

128 +

7.8

+ 15.6

1913

55

57

56

9.1

1913

47

58

55 I

490,687

421,515 — 14.1

1913

103

112

438,659

402,988 —

8.1

1913

190

180

1913

191

110

56

62

68

101 |+ 48.2

1913

346

469

502

620

707

630 j - 11.0

188
44

8

24

55

135 I+ 146. 3

21

170

140

113 |- 19.3

69

564

55

652

548

1,767

1,931

12,519

154,008

114,636

754,580

10,093 — 19.4
1,068,689 + 41.6

17,470

24,370

58,416

38,560 — 34.0

1913

120

9,487

3,649

50,860

54,941

8.0

1913

72

+

118
224

110

109 |— 1.5

233

229 •— 1.8

32

54

363

226 — 37.7

1913

65

64

40

27

35

38 ;+ 10.3

63

54

349

239 — 31.5

1913

74

62

25

18

38

72 j+ 90.9

1,223

1,319

9,612

1913

184

170

150

186

163

531 2,668

-8.4

158 i- 3.5

7,500

23,500

96,072

155,804

+ 62.2

1913

204

141

10

3,990

3,465

38,546

53,849

+ 39.7

1913

63

36

186

123

45

11,490

26,965

134,618

209,653

+ 55.7

1913

107

192

966

129

34

6,315

2,500

29,050

55,372 + 90.6

1913

41

105

272

210
2,832
26,694

201

1,176

1,886

+ 60.4

1913

113

132

126

175

238

138 - 42.0

3,544

27,377

34,695

• 26.7

1913

390

255

340

423

110

204 + 85.2

17,741

129,506

159,145

• 22.9

1913

83

55

92

109

111

83 I - 25.1

Very large percentage increase

6

Index number less than 1.

170
41 - 9 . 0
82 + 137.5
102 + 15.8

46
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or are repeated for special reasons;
detailed tables covering back figures for
these items will be founa at the end of this
bulletin. For detailed tables covering other
items, see the last quarterly issue of the

Correspond-

June,
1922

July,
1922

SURVEY (NO. 12).

in
*L
month,
June
or
July,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Percentage
increase
<+ )
or decrease

(-)

1921

1922

cumulative
1922
from
1921.

INDEX NUMBERS.

BASE
YEAR
OR
PERIOD.

1921

Percentage increase

1922

orde-

July. from
June.

June. July. Apr. May.

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES—Continued.
Canada—Continued.
Employment:
Trade-union employment
per cent employed.
Applications
number.
Vacancies
number.
Placements—
Regular
number.
Casual
number.
Newsprint paper:
Production
short tons.
Shipments
short tons.
Stocks
short tons.
Exports (total printing)
short tons.
Argentina.
Grain shipments:
Wheat
thous. of bushs.
Corn
thous. of bushs.
Oats
thous. of bushs.
Flaxseed
thous. of bushs.
Visible supply:
Wheat
thous. of bushs.
Corn
thous. of bushs.
Flaxseed
thous. of bushs.

94.70
40,816
35,382

86.85
40,037
32,, 517

240,319
169,929

247,862
3.1
189, 750 + 11.7

1919
1920
1920

90
96
81

94
104
95

93
95
91

95
110
104

88

23,439
6,801

21,736
9,985

116,780
40,460

110,404 - 5.5
50,113 + 23.9

1920
1920

71
152

81
188

71
112

85
140

77
103

81
83
135
77

103
98
154
104

124
122

140
140
66
137

138
138
55
157

134
126
91
139

-2.5
- 9.0
+ 67.0
— 11.0

219
22
35

137
54
29
109

158
43
55
112

154
51
25
161

+
+

92,588
93,901
6,893
86,4S0

90,282
85,447
11,513
77,004

68,977
66,869
19,367
57,318

442,965
432,641

606,788 + 37.0
608,687 + 40.7

377,292

534,346 + 41.6

1919
1919
1919
1919

13,622
6,842
2,809
3,749

13,265
8,001
1,290
5,380

5,923
19,466
4,040
9,344

52,664
56,100
17,782
32,293

111,864
44,608
16,515
24,677

1913
1913
1913
1913

65
35
122

123
79
280

3,700
3,200
1,600

3,328
2,400
1,600

3,700
8,000
2,400

1913
1913
1914

255
172
385

143
229
330

286
80
385

214
149
247

143
92
220

129 - 10.1
93 + 25.0
220
0.0

157,200
146,400

142,200
144,800

110,270
98,663

909,160 1,242,385 + 36.7
672,515
879,532 + 30.8

1913
1913

244
203

181
187

311
246

295

259
278

234 - 9 . 5
275 - 1 . 1

194,594
164,999

1,470,649 1,213,287 — 17.5
1,083,893 1,433,420 + 32.2

1913
1913

145

132
84

133
116

133

122
94

-1-112.4
- 20.5
- 7.1
- 23.6

2.6
16.9
54.1
43.5

Japan.
Total trade (values):
Imports
thous. of yen.
Exports
thous. of yen.
British India.
Total trade (values):
Imports
thous. of rupees.
Exports
thous. of rupees.




163,955
192,300

47
BANKING AND PRICES.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA
Data from Government sources.1
[Base year in bold-faced type.]

FED.
FEDERAL R E SERVE M E M RES.
BANKS. 2 BER BANKS.3

SAVINGS
DEPOSITS
(Chicago
Disk).

WHOLESALE
PRICES.

FED.
RES.
BANKS.*

FEDERAL R E SERVE M E M BER BANKS.3

SAVINGS
DEPOSITS
(Chicago
Disk).

Shoes.

WHOLESALE
PRICES.

Shoes.

Balance to Men's Women's
credit of
we]
depositors. dress calfilt black kid,
Goodyear
tan

Relative
to 1916.

YEAR AND MONTH.

Total
Balance
Total
Total to credit Men's Women's Total
Total
Total
loans
invest- and dis- invest- of depos- iress welt black kid, invest- loans and investments. counts. ments. itors.
discounts. ments.
tan calf Goodvear

Thousands
of dollars.

(St.
Louis).

Relative to 1921.

Relative
to 1920.

(St.
Louis).

welt (St.
Louis).

Relative to 1913.

Millions of dollars.

A.—INDEX NUMBERS.

welt (St.
Louis).

Dollars per pair.

B.—NUMERICAL DATA.
100

100

3.00

100

1913 m o n t h l y average.
1914 m o n t h l y average..

104

3.17
3.28
3.35
4.01
5.68

100

106

1916 m o n t h l y average..

100

115

127

144

1917 m o n t h l y average..

160

150

180

231

3.00
3.00
3.44
4.50

781,162

4.38
6.60
7.66
5.06

5.65
7.77
8.14
5.18

1915 m o n t h l y average..

1918 m o n t h l y average..

324

146

178

1919 m o n t h l y average..

411

220

245

1920 m o n t h l y average..

469

100

255

257

1921 m o n t h l y a v e r a g e . .

234

102

169

195

466
592
676
337

93
95
97

292
292
292
292

275
292
292
292

825
742
701

714,660
727,880
741,442
749,738

9.25
9.25
9.25
9.25

8.25
8.758.75
8.75

100

100

764,505
11,927

3,364

1920.
January..
February.
March
April

601
573
515
487

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

503
522
465
363

101
100
101

292
261
261
261

292
267
267
267

725
751
670
523

757,545
772,269
766,033
771,072

9.25
8.25
8.25
8.25

8.75
8.00
8.00
8.00

September.
October
November..
December..

421
412
395
378

102
103
104
106

237
237
185
185

228
228
183
183

595
569
544

778,872
788,918
796,838
808,794

7.50
7.50
5.85
5.85

6.85
6.85
5.50
5.50

101
100

105
105
103
103

183
167
183
167

185
185
185
158

452
458
406
371

12,908
12,761
12,591
12,248

3,346
3,338
3,392
3,355

803,119
799,376
790,987
784,729

5.50
5.00
5.50
5.00

5.85
5.85
5.85
5.00

102
96
97

102
103
101
100

167
167
167
167

158
158
158
158

393
289
269
256

12,028
11,884
11,660
11,491

3,317
3,447
3,229
3,268

783,570
786,791
775,265
768,092

5.00
5.00
5.00
5.00

5.00
5.00
5.00
5.00

101
98
102
106

100
100
101
102

167
158
158
158

158
153
153
153

263
253
278
356

11,573
11,422
11,335
11,220

3,384
3,307
3,430
3,560

765,278
766,480
770,989
779,265

5.00
4.75
4.75
4.75

5.00
4.85
4.85
4.85

107
110
110
115

100
101
101
100

158
158
158
140

153
153
153
145

333
438
544
650

10,919
10,851
10,842
10,846

3,615
3,692
3,702
3,865

767,745
770,809
769,966
767,928

4.75
4.75
4.75
4.19

4.85
4.85
5.85
4.60

123
131
132

101
103
102

138
138
138

145
145
145

722
711
697

10,906
10,783
10,739

4,122
4,405
4,450

770,643
784,348
776,081

4.15
4.15
4.15

4.60

1921January..
February..
March
April

314
318
282
258

108
107
106
103

May....
June—
July....
August.

273
201

101
100

187

98

178

96

September..
October
I November..
December..

183

97

176

96

193

95

247

94

1922.
January..
February.
March
April
May..
June..
July..

231

92

304

91

378

91

451

91

501

91

494

90

484

90

4.60
4.60

1
Figures for total investments of Federal reserve banks, and total loans and discounts a n d total investments of reporting member banks are from the Federal Reserve
Board; savings deposits (in both commercial and savings banks) in the seventh Federal reserve district at end of month from Federal Reserve Bank of Chicago and are repeated
here to include 30 additional banks in Iowa, making the total reporting banks for the district, 219; wholesale shoe prices from U. S. Department of Labor, Bureau of Labor
Statistics.
2
Condition as of last Wednesday of the month. Prior to April, 1921 figures are as of last Friday of month.
3
From reports on the condition of more than 830 banks in the leading cities in the United States as of the last Wednesday of month. Prior to April, 1921 figures are
as of last Friday of month.




48

STOKERS AND LUMBER.
(A) INDEX NTJMBEES AND (B) NUMERICAL DATA.
Data from commercial and trade sources,1
[Base year in bold-faced type.]
NORTHERN PINE.

STOKERS.
Sales.
Number.

YEAR AND MONTH.

Lumber.

Total
horsepower.

Production.

STOKERS.

Lath.

Shipments.

Production.

Sales.

Lumber.

Shipments.

Production.
Number.

Relative to 1919.

Total
horsepower.

Relative to 1920.

A—INDEX NUMBERS.

1921 monthly average

|

Production.

Thousands of feet,
board measure.

Shipments.

Thousands.

100
125

100

100

100

100

183

31

52

85

55

90

155

72

133
208
466
104

94
81
112
141

140
133
138
139

90
108
85
133

112

218

148

263

102

664

148

180

77
95
87
98

60
65
116
146

69
90
115
129

78
75
120
131

117

159

87

126

100

181

156

142

135
52
25
20

151
131
56
47

107
72
45
23

166
109
51
53

102

122

63

66

35

40

29

34

21
33
44
56

60
59
66
72

24
32
36
48

55
56
65
69

42

37

78

46

146

52

78
58
65
85

104
127
126
134

49
55
50
62

97
124
125
134

69
33
41
38

109
84
30
48

80
94
83
51

175
93
38
55

200

110

173

54

120

60

72

58

65
68
132
118

56
46
86
129

57
51
68
97

63
54
94
140

93

81

74

75

143

116

138

125

154
71
133

169
163
154

117
116
114

189
212
207

234

52,732
65,919
27,261

40,273
34,204

50,139
27,768

9,581
8,669

70,327
109,688
245,570
54,692

38,007
32,551
45,069
56,618

70,124
66,780
69,057
69,561

8,669
10,327
8,166
12,783

40,712
50,164
45,748
51,828

24,226
26,165
46,843
58,559

34,667
44,990
57,607
64,824

7,460
7,216
11,475
12,548

9,936

71,229
27,203
13,224
10,649

60,911
52,803
22,462
19,056

53,664
36,331
22,594
11,471

15,937

6,458

10,467

4,006

4,885

2,220

5,037

1,812

10,921
17,521
23,053
29,651

24,319
23,722
26,396
29,180

12,087
16,117
18,028
24,040

5,250

6,643

2,664
4,937
9,255
13,521

40,889
30,597
34,073
44,586

100
78

i

1920 monthly average

Shipments.

Lath.

B—NUMERICAL DATA.

93

1919 monthly average

NORTHERN PINE.

42,068
51,035
50,558
54,047

24,790
27,553
24,890
31,209

9,265
11,870
11,949
12,854

11,135
13,051
11,504
16,589

36,401
17,596
21,626
20,224

43,767
33,881
12,275
19,205

39,920
47,327
41,799
25,458

16,795
8,878
3,659
5,311

12,708
10,995
7,635
4,582

34,157
35,663
69,716
62,027

22,530
18,612
34,783
52,096

28,444
25,565
34,295
48,416

6,052

5,908

81,391
37,239
70,230

68,252
65,662
62,065

58,428
58,398
57,409

6,357
9,881

1920.
January
February
March
April

112
284

May
June
July
August

68
54
77
61

September
October
November
December

52
28
17
15

1921,
January
February
March
April
May
June
July
August

16
20
22
41
29
32
42
50

September
October
November
December

47
23
26
25

213
175
205
181
261

5,336
6,217

7,149
9,387
6,515
9,420
7,437
5,558
6,384

1922.
January

35

February

32

March

50

April

53

May

61

June

47

July

76

157

143

171

109

214

177

5,160

4,717

9,018

9,061

13,430

8,748

18,115

9,986
10,896
13,574

20,287
19,880

i Stoker sales from the Stoker Manufacturer's Association, said to represent approximately 99 per cent of the industry; Northern pine from the Northern Pine Manufacturer's A ssociation, and includes reports from some 24 mills both member and nonmember.




49
WAGES, COMMON LABOR.1
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
Based on data from trade and commercial sources.
[Base year in bold-faced type.]
Relative
to 1913.2
YEAR AND MONTH.

Per hour.

j
Per
I 10-hour day.

YEAR AND MONTH.

A.—INDEX
NUMBERS.
100

February 1,1913..
February 1,1916..
May 1,1916
December 16,1916
May 1,1917
October 1, 1917...
April 16, 1918

Relative
to 1913.2

Per

10-hour day.

$0.20
.22
.25
.275
.30
.33
.38

110
125
138
150
165
190

A.—INDEX
NUMBERS.

B.—NUMERICAL
DATA.

3.OO
2.20
2.50
2.75
3.00
3.30
3.80

B.—NUMERICAL
DATA.

210

3.42

253

$4.20
4.62
5.06
4.07
3.70
3.00
3.60

SO. 42

231

August 1, 1918
October 1, 1918
February 1,1920...
May 16,1921
July 16, 1921
August 29, 1921....
September 1, 1922.

.46

204

.37

185

*.37

150

.30

180

.36

1

In effect in plants of United States Steel Corp. in the Pittsburgh district beginning on dates mentioned.
Per 10-hour day.
8
Basic 8-hour day adopted with provision for payment of time and a half for overtime.
* Basic 8-hour day abrogated.
8

MILK AND LUMBER.
NUMERICAL DATA.
From commercial and trade sources.
WALNUT LUMBER AND LOGS. 3

MILK DELIVERIES TO MILK PLANTS.*

For manufacture of—
Total.

Fluid
milk.

Soft
Milk
cheese, chocolate,
ice cream, whole
Butter.
conmilk
densed powder,
milk, etc.
etc.

Lumber.

Cheese
(American).

Thousands of pounds.

,

Manufactured Stocks
Purinto
on
chases. lumber hand.
and
veneer.

Stocks
Puron
chased. Shipped. hand.

^^'me^if'

Logs.

Thousands of feet, log
measure.

^ ^

1

1921.
May
June
July
August

434,411
459,518
377,353
364,293

174,457
182,052
182,790
166,209

84,621
96,789
107,963
72,747

50,770
57,699
25,550
44,994

70,733 i
59,189
19,426
42,738

.53 830
63,789
41,624
37,605

September
October
November
December

320,441
196,734
234,332
272,196

176,592
95,640
123,120
140,880

56,510
31,900
41,060
49,425

26,256
25,066
32,938
37,170

35,994
28,586
27,604
34,564

25,089
15,542
9,610
10,157

January
February
March.
April

290,644
273,865
353,014
333,838

150,617
131,235
147,449
95,983

51,959
55,871
74,033
92,983

35,703
38,041
49,942
66,986

41,080
38,350
61,369
43,749

11,285
10,368
20,221
34,633

1,325
1,962
2,217
2,260

1,489
1,784
1,840
1,707

6,278
10,496
10,824
11,067

1,113
1,951
1,619
1,269

392
1,270
1,615
1,343

1,398
2,643
2,643
2,923

May
June
July
August..

422,697
407,426
353,526

110,260
110,301
112,272

125,364
111,458
96,184

101,505
92,566
77,183

45,134
46,323
31,211

40,434
46,778
36,676

2,175
1,960
1,719

1,535
2,053
2,251

11,632
11,503
11,314

1,603
1,631
1,056

1,682
1,487
1 324

2,846
2,125
2 072

i

1
i

!

i

1922.

September
October
•November.
December...
1
Compiled by the Dairymen's League Cooperative Association, Inc., and estimated to represent from 60 to 75 per cent of milk handled in the association's territory, which
covers all New York State and parts of Pennsylvania, New Jersey, Connecticut, Massachusetts, and Vermont.
2
Compiled by American Walnut Manufacturers7 Association from reports of identical firms representing from 50 to 60 per cent of the walnut lumber industry.




50

MISCELLANEOUS,
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
From Government and non-Government sources.1
[Base year in bold-faced type.]

FOLDING
FLUID
MILK. PAPER BOXES.

YEAR AND MONTH.

INDEX OF
OCEAN FREIGHT
RATES.2

LABELS.

Receipts
Produc- New Produc- New
at
tion. orders. tion. orders.
Philadelphia.
Relative
to 1913.

United States
Atlantic to—
All
United
Kingdom. Europe.
Relative to January,
1920.

Relative to 1921.

FLUID
MILK.

FOLDING
PAPER BOXES.

LABELS.

Receipts
at
Produc- New Produc- New
tion.
Philaorders.
tion. orders.
delphia.
Thousands
of quarts. ||

A.—INDEX NUMBERS.

Per cent of capacity.

B.—NUMERICAL DATA.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average.
average.
average.
average.
average.

100
100
103
110
108

14,452

1918 monthly
1919 monthly
1920 monthly
1921 monthly

average.
average.
average.
average.

HI
124
131
139

16,113

14,478
14,869
15,949
15,571

1

1
"

17,984
18,914
1OO

100

1OO

1OO

20,107

45.9

47.9 I 39.0

44.2

1920.
January...
February.
March
April

114
117
132
123

100.0

100.0

96.5
91.2
90.2

90.3
83.4
83.5

16,436
16,889
18,985
17,707

May
June
July
August..

144
134
146
137

96.2
101.2
96.0
85.7

87.5
90.0
86.3
78.5

20,771
19,415
21,136
19,822

September.
October
November.
December..

130
128
119
115

86.7
84.9
77.8
72.3

76.9
75.4
63.8
53.6

18,723
18,509
17,208
16,564

1921.
January
February
March
April

116
116
130
123

46
85
90
96

30
79
97
70

45
63
85
77

64
101
52

60.7
54.7
49.3
50.1

43.3
38.5
35.9
39.0

16,741
16,810
18,771
17,840

21.0
39.0
41.4
44.2

14.5
37.8
46.4
33.6

17.7
24.5
33.3
30.2

11.4
28.5
44.5
23.2

May
June
July
August.

129
138
143
128

89
85
88
110

88
110
97
111

87
103
91
138

102
114
145
126

50.6
42.7
42.5
42.9

40.1
37.6
36.8
36.7

18,591
19,978
20,598
18,521

40.7
39.2
40.6
50.3

42.1
52.8
46.7
53.4

33.9
40.0
35.3
53.8

45.2
50.5
64.0
55.7

September.
October
November..
December..

127
127
116
115

107
145
123
136

137
138
132
110

146
128
122
115

139
153
79
79

41.8
37.0
33.5
32.4

36.0
32.3
28.8
27.2

18,368
18,376
16,714
16,588 j

48.9
66.4
56.3
62.3

65.4
65.9
63.0
52.9

57.0
49.9
47.6
44.9

61.4
76.4
34.9
34.7

1922.
January...
February.
March
April

118
118
132
121

100
118
146
151

100
143
148
134

108
131
162
182

183
139
207
192

31.7
34.7
33.1
27.3

27.1
29.1
28.3
25.4

17,088
17,094
19,142
17,545

45.9
54.3
67.0
69.5

47.8
68.5
70.7
64.2

42.3
51.0
63.3
71.0

80.7
61.6
91.7
85.0

138

151
156

186
168

195
163

186
243

27.9
27.5
28.8

25.7
25.7
25.9

19,909

69.4
71.6

89.1
80.3

75.9
63.6

82.0
107.2

May..
June.
July..

I
t
|
!

1
Milk receipts at Philadelphia from the Philadelphia Milk Exchange. Folding paper boxes and labels from the Association of Folding Box and Label Manufacturers.
Said to represent approximately 60 per cent for the folding box industry and 75 per cent for the label industry. Index of ocean freight rates from the Federal Reserve Board,

Division of Analysis and Research.
2 The index of ocean freight rates represents rates to 7 ports in the United Kingdom and a total of 17 ports for all of Europe. The index numbers are the weighted,
geometric means of these rates. The weights include the relative importance of each port and also the relative importance of the 5 principal products-—grain, provisions,
cotton, cottonseed oil, and sack flour.




51
WORLD PRODUCTION OF COTTON.
[Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received
by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested.]

PERU.

New crop available

UNITED
STATES.

MEXICO

INDIA.

June.

Country

August.

August.

November.

BRAZIL.

EGYPT.

September. September.

Thousands of bales (478 pounds net).

1

Normal consumption (1909-1913)

World total.
1909-1913 average

20,660

106

13,033

193

3,584

322

1,453

1914

24,630

129

16,135

108

4,356

387

1,337

1915

18,470

113

11,192

95

3,126

282

989

1916

18,970
18,370

127

11,450

103

3,756

281

1,048

125

11,302

135

3,390

345

1,304

18,580

129

12,041

203'

3,324

339

999

19,925

155

11,421

199

4,850

384

1,155

1920

20,940

164

13,440

188

3,013

451

1,251

1921

14,890

157

7,954

126

3,735

612

684

10,575

!110

1917

.

1918
1919.

.

1922, latest estimates
i From private sources.

31,046

(3)
3

21922 acreage 12,496,000 compared w i t h 11,976,000 i n 1921.

From consular reports.

DIVIDEND AND INTEREST PAYMENTS.
Data from non-Government sources.1
MONTH.

1913

1914

1915

1916

1917

1918

1919

1920

1921

1922

Thousands of dollars.
January...
February.
March
April

244,265

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




178,156

248,025
103,529
122,935
180,414

242,376
107,865
116,549
178,104

281,200
128,263
154,544
188,769

330,517
154,779
182,044
210,983

338,354
158,892
175,666
205,427

355,177
156,129
259,892
353,891

398,012
164,731
267,990
356,921

361,070
165,220
277,846
351,981

359,800
169, 815
280,600
342,881

105,494
112,700
258,799
117,161

124,403
120,590
264,386
118,093

127,903
114,213
270,085
120,821

136,697
137,678
286,461
150,725

149,787
166,051
318,843
159,893

231,531

238,291

165,703

232,860
169,588
315,903
165,572

175,619

238,061
292,168
340,166
173,802

242,451
286,951
344,210
178,100

120,381

111,811
161,993
130,451
101,644

116,128
181,023
142,611
147,433

139,900
203,067
161,955
165,774

157,976
203,287
172,679
182, 297

241,390
203,3S6
255,12S
226, 437

224,312
379,922
248,236
327,703

237,252
374,059
249,216
326,979

236,500
356,779
247,877
322,497

103,746
120,724

166,121
135,842
113,848

1

189,803
633,011

From New York Journal of Commerce.

285,050
340,855

52
WORLD PRODUCTION OF WHEAT.
[Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received
by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested. ]
Country

Argen- , Australia.
tina.

India.

United
States.

Spain.

Italy.

New crop available

January.

March.

July.

August.

August.

January.

France. Germany. Rumania. Canada.
August.

August.

August.

September.

34

110

Millions of bushels.
Normal consumption (1909-1913)

64

37

301

531

136

236

361

221

3,577
3,586
4,199
6
2,609
5
2,288

157
114
169
173
80

85
103
25
179
152

351
312
377
323
282

687
891
1,026
636
637

130
116
139
152
143

183
170
171
177
140

317
283
223
205
135

152
146
142
U10
i 82

87
49
89
78

197
161
394
263
234

1918
1919
1920
1921

5

184
172
214
170

115
76
46
144

370
280
377
255

921
968
833
795

136
129
139
145

183
170
141
193

226
187
3 237
3 323

186
180
3 83
3 108

2 18
4
66
3 70
3 100

189
193
263
301

1922 latest estimates

5 3,020

155

•132

366

818

*126

*162

*274

•85

3 101

3S9

World
total.
1909-1913 average
1914
1915
1916
1917

....

2,804
2, 743
5
2,868
*3,060
6

1

1

3
New boundaries.
< Former kingdom, Bessarabia and Bukowina.
6
Russia excluded. No accurate statistics are available.

* From private sources.
i Excludes Alsace-Lorraine.
* Excludes Dobruja.

WORLD PRODUCTION OF BEET SUGAR.
[Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received
by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested.]
United
States.

World
total.1

CzechoGerNetherm a n y . slovakia. Russia. Poland. lands.

Belgium.

France.

Italy.

Spain.

Denmark. Sweden.

Thousands of short tons.
1909-1913 average
1914 -- -.
1915
1916
1917
1918
1919
1920 .. .
1921

..

.

1922 latest estimates
* From private sources.




8,441
8 331
5,817
5,364
4,792
4 164
3,467
4,954
*5,600

1,017
1 004
812
805
584

1,726
1 897
1,824
1,457
1,134

808

688
559

318
86

1,090
1,020

1,212
*l,490

770
705

657

*l,709

*717

610
722
874
821
765
761
726

j
1

2,296
2 721
1,678
1,721
1,726
1 484

246
316
264
286
215

276
215
120
140
136

759
334
150
204
221

209
166
166
160
102

116
112
117
139
154

128
168
143
124
141

154
170
140
140
140

182
263

78
152

121
171

120
185

164

118

141

198

91

176

160

55
*112

188
*252

314
*414

268
*336

370
*308

150
240

104
*151

149
158

181
*254

(2)

*248

*303

*331

*496

*276

*132

*143

*154

279

Crops in all countries here given are harvested beginning in September.

2 Acreage about the same as 1921.

53
WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED.
[Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordarce with latest available information received
by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested.]
CANE SUGAR.

Java.

United
States.i

May.

October. October. November.

World
total.

YEAR.

Brazil. Hawaii.

FLAXSEED.
Porto
Rico.

Cuba.

Argentina.

India.

United
States.

Canada.

January.

April.

August.

August.

India.
World
total.

Decem- December. December.
ber.

Thousands of short tons.
1909-1913 average..
1914.
1915.
1916
1917
1918.
1919
1920
1921

. ..

Thousands of bushels.

9,971
11,293
12,776
13,442
14,508

1,514
1,054
1,797
2,009
1,960

311
247
139
311
246

2 38
344
4S6
413
493

567
646
593
645
577

363
346
484
503
454

2,295
2,967
3,437
3,442
3,957

2,614
2,757
2,950
3,058
3,708

110,180
94,559
103,287
82,151
41,063

31,989
36,928
45,040
39,289
4,032

19,733
15,448
15,880
19,040
21,040

19,505
13,749
14,030
14,296
9,164

12,068
7,175
10,628
8,260
5,935

13,324
13,799
13,656
« 13;672

1,478
1,473
1,579
»1,848

284
122
176
324

440
496
580
3 364

600
556
522
8 549

406
485
490
8 431

4,597
4,209
4,408
8 4,480

2,617
3,361
2,761
2,903

61,821
56,611
81,480

19,588
30,775
42,038
50,470

20,600
9,400
16,760
10,800

13,369
7,256
10,774
8,112

6,055
5,473
7,998
4.112

8 1,905

233

31,723

17,360

11,400

4,530

1922, latest est

|

34,000

* Louisiana and Texas.

* Exports.

3 From private sources.

WORLD PRODUCTION OF RICE.
[Data compiled by XI. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order
in which crops are harvested.]
INDIA.

Country..

April.

New crop available

DUTCHi
UNITED
EGYPT. STATES. ITALY. SPAIN. JAPAN. EAST PHILIPINDIES. PINES.

April.

August.

Septem- September.
ber.

November.

December.

December.

7,349
7,826

1 124
1,404
1,100
1 289
1,745

8,465
7,051
6,480

Millions of pounds (cleaned)

Normal consumption (1909-1913)
World total.
110,780
102,986
li4,500
112,300
122,000

1909-1913
1914.
1915... .
1916.
1917
1918
1919..
1920
1921

67,891

. . . .

1922 latest estimates..




1
3

Java and Madura.
Acreage about half of normal.

97,400
117,200
90,777
100,982

875

72,950
61,022
73,526
77 932
81,198

14,602

518

553

681

646

297

81
542

741
763

337
320

708

329

487

657
804
1 135
965

716

322

14 009
17,909
17,569
18 360
17,143

692
607
634
452

1,072
1,166
1,446
1,014

712
662
997
1,036

282
412
394
356

17,184
19,106
19,849
17,335

237

55,218
71,613
62,793
62,077
73,907

(2)
s

1,075

<«)

8,323

(3)

About same as last year.
* 1922 acreage 296,500 compared with 286,400 acres in 1921.

2,210
1,977
2,127
2,232
2,353

54

SOURCES OF DATA.
CURRENT PUBLICATION. 1

DATE O f PUBLICATION.

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE. AND FOREIGN.
AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS.

Price index for Australia.

Federal Reserve Bulletin..

Second week of month.

BANK or JAPAN

Price index for Japan
Price index for United Kingdom
Priceindex for Canada
Employment in Canadian trade unions
Operations of Canadian employment service...
Foreign trade of Canada
Canadian railroad operations
Canadian iron and steel production
Savings deposits in First Federal Reserve
District.
Savings deposits in Seventh Federal Reserve
District.
Savings deposits in Fourth Federal Reserve
District.

Federal Reserve Bulletin
British Board of Trade Journal.
Labour Gazette (Canadian)
Employment
Employment
Foreign trade of Canada
Operating Revenues, etc., of Railways *.
Press releases*
Monthly Review

Second week of month.

Business Conditions.
Business Review

Monthly.

BRITISH BOARD OF TRADE
CANADIAN DEPARTMENT or LABOR. . .

CANADIAN DEPARTMENT OF TRADE
AND COMMERCE.
FEDERAL RESERVE BANK OF BOSTON.
FEDERAL RESERVE BANK OF CHICAGO.
FEDERAL RESERVE BANK OF CLEVELAND.

Foreign exchange rates and index
Federal Reserve Bulletin and daily statement.*
Savings deposits in Second Federal Reserve Monthly Review
District.
FEDERAL RESERVE BANK OF PHILA- Savings deposits in Third Federal Reserve Business and Financial Conditions.
District.
DELPHIA.
FEDERAL RESERVE BANK OF RICH- Savings deposits in Fifth Federal Reserve Business and Agricultural Conditions
District.
MOND.
FEDERAL RESERVE BANK OF NEW
YORK.

FEDERAL RESERVE BANK OF SAN
FRANCISCO.
FEDERAL RESERVE BOARD
,

Savings deposits in Twelfth Federal Reserve
District.
Foreign exchange index numbers
Debits to individual accounts
Condition of Federal Reserve banks
Condition of reporting member banks
Money held outside U. S. Treasury and
Federal Reserve Systems to July 1,1922.
Wholesale price index numbers
Department store trade; in cooperation with
National Rttail Dry Goods Association.
Index numbers of department store, mail
order and chain store trade.
Barley and rye receipts
Sales of loose leaf tobacco
Index of ocean freight rates

Business Conditions

Monthly
! Monthly.
\ Monthly.

Monthly.
Monthly.
Monthly.
Monthly.
Newsprint, 20th to 25th of the month,
other paper and wood pulp, 1st of
following month.

Price index for France

MASSACHUSETTS
PUBLIC UTILITIES.
NEW YORK STATE DEPARTMENT OF
LABOR.
NEW YORK STATE DEPARTMENT OF
PUBLIC WORKS.
PANAMA CANAL
PENNSYLVANIA DEPARTMENT OF LABOR AND INDUSTRY.
U. S. DEPARTMENT OF AGRICULTUREBUREAU OF ANIMAL INDUSTRY.
U. S. DEPARTMENT OF AGRICULTURE—
B U R E A U OF AGRICULTURAL
ECONOMICS.

Daily and monthly.
Monthly.

Federal Reserve Bulletin..
Federal Reserve Bulletin..
Federal Reserve Bulletin..
Federal Reserve Bulletin.

FRENCH MINISTRY OF LABOR AND
SOCIAL WELFARE.

Price index for India
Railway revenues and expenses
Telephone operating revenue and income
Telegraph operations and income
Express operations and income
DEPARTMENT OF Milk receipts at Boston

Monthly.

Monthly (second week of month).
Sunday newspapers and monthly.
Friday morning newspapers and
monthly.
Friday afternoon newspapers and
monthly.
Monthly.
Monthly.
Monthly.

Paper and wood pulp production, prices, etc.. Monthly press releases •-..

INTERSTATE COMMERCE COMMISSION..

Monthly.

Federal Reserve Bulletin
Federal Reserve Bulletin and weekly press
releases.*
Federal Reserve Bulletin and weekly press
releases*
Federal Reserve Bulletin and weekly press
releases.*
Federal Reserve Bulletin
Federal Reserve Bulletin..
Federal Reserve Bulletin..

FEDERAL TRADE COMMISSION

INDIAN DEPARTMENT OF STATISTICS...

Monthly.
Semimonthly.
Semimonthly.
Monthly.
Monthly.

Bulletin de la Statistique Generate.

Second week of month.
, Federal Reserve Buneiin
Preliminary statement of operations of Monthly.
Class I roads.
Not published
Not published
Not published
Not published

New York State factory employment and Labor Market Bulletin and press releases * Monthly.
earnings.
New York State canal traffic
Yearly.
Annual report
Panama Canal traffic
Unemployment m Pennsylvania.

The Panama Canal Record..
Semimonthly report *

Last weekly issue of month.
Semimonthly.

Last weekly issue of month or first
Market Reporter»
of next month.
Monthly.
Monthly Crop Reporter *
a
First weekly issue of month.
Market Reporter
Monthly Crop Reporter * and press Releases about 1st of month (cotton)
and 10th (other crops).
releases.*
2
Fourth weekly issue of month.
Market Reporter2
Cold storage holdings andfishfrozen
Third weekly issue of month.
Market Reporter2
Movement of cattle, hogs, and sheep
Weekly.
Receipts of butter, cheese, eggs and poultry... Market Reporter a
Quarterly.
Production of dairy products
Market Reporter 2
Third weekly issue of month.
Car lot shipments of fruits and vegetables
Market Reporter .
Monthly.
Farm labor, wages, supply, etc...,
Monthly Crop Reporter *
Weekly.
World crop production
Foreign crops and markets*. and Shingles. Yearly.
U. S. DEPARTMENT OF AGRICULTURE— Total li
Production of Lumber, Lath
lumber production from 1913 to 1920
Pulp wood consumption and Wood-pulp. Yearly.
FOREST SERVICE.
j Wood palp production, 1914 and 1916
Production.
Semimonthly during season.
U. S. DEPARTMENT OF COMMERCE— j Cotton ginned
Preliminary report on ginnings *
BUREAU OF THE CENSUS.
j Cotton consumed and on hand.
Preliminary report on cotton consumed... 15th of month.
20th of month.
i Active textile machinery
Reports on wool machinery and on cotton
spindles.*
First week of month.
j Leather, hides and shoes, production and Census of hides, skins, and leather *
I stocks.
18th of month.
! Cotton seed and cottonseed oil
Preliminary report on cotton seed...
Quarterly (one month after end of
! Stocks of tobacco held by manufacturers and Statement on stocks of leaf tobacco.
quarter).
I dealers.
• Multigraphed or mimeographed sheets.
1
This is not necessarily th« source of thefigurespublished in the SURVEY as many of them are obtained direct from the compilers prior to publication in the respective journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the SURVEY.
* Beginning Jan. 7,1922, combined into new publication called Weather, Crops, and Markets, issued weekly.




Beef,pork, and lamb production..

Prices of farm products to producer .
Wool consumption and stocks
Crop production

55
SOURCES OF DATA—Continued.
CURRENT PUBLICATION.

DATE OF PUBLICATION.

I—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued.
U. S. DEPARTMENT OF COMMERCE— \ Fats and oils, production, consumption, and
BUREAU GF THE CENSUS.

Quarterly (one month after end of
quarter).
15th of month.

Statistics of fats and oils *.

stocks.

Fabricated structural steel sales from April
1922.
! Automobile production
U. S. DEPARTMENT OF COMMERCE— Fish catch

Press release *
Press release*
Monthly statement

B U E E A U OF FISHERIES.
U. S. DEPARTMENT OF C O M M E R C E BUREAU OF FOREIGN AND DOMESTIC COMMERCE .

20th of month.

Monthly Summary of Foreign Commerce.
(Part I . ) 1
Tonnage of vessels, entered and cleared in Monthly Summary of Foreign Commerce.
(Part II.)
i United States foreign trade.
i Data on trade, employment and coal andiron Various foreign sources
| production of foreign countries.
Wholesale Prices
j Wholesale price of wool
Monthly Summary of Foreign Commerce.
! Warehouse stocks of rice
(Part II.)

Last week of month.

All imports and exports

1

Middle of next month.

Yearly.
Monthly.
First weekly issue of month (Mondays).

Vessels under construction and vessels com- Commerce Reports
pleted.

U. S. DEPARTMENT OF C O M M E R C E BUREAU OF NAVIGATION.

i

Building material price indices

U . S. DEPARTMENT OF C O M M E R C E BUREAU OF STANDARDS.

| Not published..

U . S. GRAIN CORPORATION.

Wheat flour production, prior to July, 1920— No longer published..

U. S. DEPARTMENT OF THE I N T E R I O R BUREAU OF MINES.

Refined petroleum products, production, etc.. Refinery Statistics*..

U. S. DEPARTMENT OF THE I N T E R I O R GEOLOGICAL SURVEY.

Portland cement, production, etc..
Coal and coke production

U. S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE.

Crude petroleum, production, etc
Electric power production
Annual figures on non-ferrous metal production.
Number on pay roll—United States factories..
Employment agency operations

U. 8. DEPARTMENT OF LABOR—Bu- j Immigration and emigration statistics..
REAU OF IMMIGRATION.

Second week of month.
20th of month.
Second or third weekly issue of
month (Saturdays).
25th of month.
End of month.
Annually.

I Report on Portland cement output * . .
Weekly report on production of coal *.
Preliminary statistics on petroleum * .
Production of electric power *
Mineral Resources
Industrial Survey *
Report of Activities of State and Municipal Employment Agencies.

First week of month.
Every 4 or 5 weeks.

Not published

'

U. S. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS.

Wholesale prices of commodities, including
farm products, food, clothing, metals, etc.
Wholesale price md«z
Retail price index of foods
! Retail coal prices

Wholesale Prices of Commodities..
Monthly Labor Review.
Monthly Labor Review.
Monthly Labor Review.

Monthly.
Monthly.
Monthly.

U. S. POST OFFICE DEPARTMENT

United States postal savings.
Postal receipts

Postal Savings News Bulletin
Statement of Postal Receipts •

12th of month.
7th of month.

U. S. TREASURY DEPARTMENT

Government debt, receipts and disbursements
Money in circulation from July 1, 1922
Domestic receipts of gold at mint

Daily Statement of the U. S. Treasury.
Federal Reserve Bulletin
Not published

Last day of month.
Monthly.

U. S. TREASURY D E P A R T M E N T BUREAU OF THE MINT.
U. S. TREASURY DEPARTMENT—BUREAU OF INTERNAL R E V E N U E .

Oleomargarine production
Not published
Consumption of manufactured tobacco, snuff, Statement of tax-paid products *..
cigars, cigarettes, and oleomargarine.

U . S. W A R DEPARTMENT—ENGINEER
CORPS.

Iron ore movement
Sault Ste. Marie Canal traffic

Not published
Not published

U. S. W A R DEPARTMENT—MISSISSIPPI
WARRIOR SERVICE.

Barge traffic on Mississippi River

Not published

WISCONSIN INDUSTRIAL COMMISSION...

Wisconsin factory earnings and employment.

Bulletin on Wisconsin labor market *

First week of month.

j 15th of month.

n.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS.
(Excluding individual firms reporting data to be combined with other firms or trade associations.)
ABERTHAW CONSTRUCTION CO

Building costs

Construction trade papers..

ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE.

Sales of abrasive paper and cloth.

N ot published

AMERICAN MANUFACTURERS ASSOCIATION OF PRODUCTS FROM CORN.

Corn ground into starch,glucose, etc.

Not published.

Copper production.
Silver production.
Zinc production in Belgium
Zinc stocks in United Kingdom
AMERICAN FACE BRICK ASSOCIATION. Face brick production, stocks, etc
AMERICAN BUREAU OF METAL STATISTICS.

Notpublished
Not published
Notpublished
Not published

•

Notpublished
7th of month.

AMERICAN IRON AND STEEL INSTITUTE. | Steel ingot production.

Press release to trade papers •

AMERICAN P I G IRON ASSOCIATION

Merchant pig iron production, etc.

Notpublished

AMERICAN

Freight car surplus..

Summary of Car Surplusages and Short- Weekly.
ages.*
Summary of Car Surplusages and Short- Weekly.
ages.*
Weekly.
Information Bulletin*...
Information Bulletin *
Third week of month.
1
Imports and exports of gold and silver in Part II.

RAILWAY

(Car Service Division).

ASSOCIATION

Freight car shortage..

Car loadings....
i Bad-order cars.,
* Multigraphed or mimeographed sheets.




56
SOURCES OF DATA—Continued.
DATE OF PUBLICATION.

CURRENT PUBLICATION.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued.
AMERICAN TELEPHONE
GRAPH Co.
AMERICAN WALNUT
ASSOCIATION.

AND

Stockholders in the company..

MANUFACTURERS'

Financial papers.

Walnut lumber and logs .

TELE-

Not published.

Quarterly.

Purchases and sales of paper..

N ot published

AMERICAN ZINC INSTITUTE

Production and stocks of zinc.

Press release to trade papers *

ANTHRACITE BUREAU OF INFORMATION

Anthracite shipments and stocks..

Statement of anthracite shipments *

j 15th of month.

ASSOCIATION
OF
PRESIDENTS.

New life insurance business

Not published

!

AMERICAN WRITING PAPER

LIFE

COMPANY.

INSURANCE

15th of month.
i

BOSTON CHAMBER OF COMMERCE

Receipts of wool at Boston

Trade papers

BRIDGE BUILDERS
SOCIETY.

Fabricated structural steel sales before April,
1922.

No longer published.

BUREAU OF RAILWAY ECONOMICS

Number of tons carried 1 mile.,
Average receipts per ton-mile..
Passengers carried 1 mile

Summary of operating statistics.
N ot published
Summary of operating statistics.

CALIFORNIA REDWOOD ASSOCIATION . .

Redwood lumber production, etc...

Not published

CALIFORNIA WHITE AND SUGAR
ASSOCIATION.

Sugar pine lumber production, etc.

Not published

AND

STRUCTURAL

PINE

Wheat, corn and oats, receipts, etc..

CHICAGO BOARD OF TRADE

CONTAINER CLUB

! Production of paper box board .

Trade papers

Daily.

Monthly.
Monthly.

Daily.

Not published

CREDIT CLEARING HOUSE

Credit conditions

Credit

DAIRYMEN'S LEAGUE
ASSOCIATION, INC.

Milk deliveries to milk plants.

Not published.

Building statistics—Contracts awarded.

Statement on Building Statistics.

Enameled sanitary ware

Not published

British iron and steel production.

Trade papers..

F I N E COTTON GOODS EXCHANGE

Fine cotton goods production and sales.

Trade papers

GEORGE A. FULLER COMPANY

Hotel and office building costs

Not published

ILLUMINATING GLASSWARE GUILD

Illuminating glassware production, orders, etc. Not published

F. W.

COOPERATIVE

DODGE CO

ENAMELED SANITARY
ASSOCIATION.
FEDERATION

OF

MANUFACTURERS

IRON

AND

STEEL

MANUFACTURERS (British).

Weekly

j Monthly.

Second week of month.

Naval Stores Review..

Weekly.

Knit underwear production, etc

Monthly report •

Monthly.

LEATHER BELTING EXCHANGE

Sales of leather belting

Monthly report (not published).

MAPLE FLOORING
ASSOCIATION.

Maple flooring production, etc .

Not published

JACKSONVILLE CHAMBER OF COMMERCE Turpentine and rosin receipts
KNIT
GOODS
AMERICA.

MANUFACTURERS

OF

MANUFACTURERS'

MCLEAN BUILDING REPORTS,

LTD...

Canadian building contracts

| Canadian Building Review.

Monthly.

Receipts and shipments of lead and zinc
Mississippi River traffic
Hardwood and softwood lumber, production
and shipments.

Receipts and shipments at St. Louis.
Not published

MINNEAPOLIS CHAMBER OF COMMERCE.

Linseed oil and oil-cake shipments

Monthly statements

NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANUFACTURERS.

Production of paper-box board

Not published

NATIONAL ASSOCIATION OF SHEET AND
T I N PLATE MANUFACTURERS.

Sheet-metal production and stocks.

Not published

NATIONAL
ASSOCIATION
MANUFACTURERS.

1913 figures for active textile machinery..

No longer published.

NATIONAL AUTOMOBILE CHAMBER OF
COMMERCE.

Production and shipments of passenger cars
and trucks.

Traffic bulletin * (production figures not
published).

NATIONAL BOTTLE
ASSOCIATION.

Glass bottle production index

Not published

Cost of living..

Monthly press release

21st of month.

NATIONAL RETAIL DRY GOODS ASSOCIATION.

Department store trade (see Federal Reserve
Board).

Federal Reserve Bulletin..

Monthly.

NATIONAL WOOD CHEMICAL
TION.

Production of wood alcohol and acetate of lime. N ot published

MERCHANTS' EXCHANGE OF ST. LOUIS.
MICHIGAN HARDWOOD
ERS' ASSOCIATION.

NATIONAL
BOARD.

MANUFACTUR-

OF

WOOL

MANUFACTURERS'

INDUSTRIAL

CONFERENCE

ASSOCIA-

3d of month.

Not published.

Second week of month.

N E W ORLEANS BOARD OF TRADE

Rice distribution through New Orleans.

Monthly report...

First week of month.

N E W ORLEANS COTTON EXCHANGE

Cotton receipts into sight

Monthly report...

First week of month.

Canadian newsprint production, etc
• Multigraphed or mimeographed sheets.

NEWS PRINT SERVICE BUREAU




Monthly bulletin..

57
SOURCES OF DATA—Continued.
DATE OT PUBLICATION.

CURRENT PUBLICATION.

REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued.
Coffee receipts, stocks, etc.

Monthlystatement

N E W YORK METAL EXCHANGE

Stocks of tin

Trade papers...

NORTH CAROLINA P I N E

North Carolina pine, production, etc

Not published..

N E W YOEK COJTEE AND SUQAE
CHANGE.

EX-

ASSOCIATION..

i First week of month.
First week of month.

NORTHERN HEMLOCK AND HARDWOOD
MANUFACTURERS' ASSOCIATION.

Hemlock and hardwood lumber production, Not published.
etc

NORTHERN
PINE
ASSOCIATION.

MANUFACTURERS'

Northern pine lumber and lath

Not published.

OAK
FLOORING
ASSOCIATION.

MANUFACTURERS'

Oak flooring, production, etc.

Not published..

OHIO FOUNDRYMEN'S ASSOCIATION. . .

Ohio foundry iron production

Monthly report * (not published).

OPTICAL
TION.

Spectacle frames and mountings, sales, etc

Not published

MANUFACTURERS'

ASSOCIA-

Stockholders in the company..

Financial papers

I Quarterly.

PENSACOLA CHAMBER OF COMMERCE.

Turpentine and rosin receipts.

Naval Stores Review

! Weekly.

PHILADELPHIA

Milk receipts at Philadelphia

! Not published

Pullman passenger traffic

j Not published

PENNSYLVANIA

RAILROAD CO

MILK EXCHANGE

PULLMAN COMPANY

RICE MILLERS' ASSOCIATION..

Fire-clay brick production, etc
Siliea brick jToducuou, etc
Rice receipts, stocks, etc

Not published
Not published
Monthly report

RUBBER ASSOCIATION OF AMERICA

Automobile tires, tubes, and raw material

Monthly reports (not published).

SANITARY POTTERS'

Sanitary pottery orders

Not published.

SAVANNAH BOARD OF TRADE

Turpentine and rosin receipts

Naval Stores Review

j
( Weekly.

SAVINGS BANKS ASSOCIATION OF STATE
OF N E W YORK.

Savings banks deposits in New York State

Not published

|

SILK ASSOCIATION OF AMERICA

Raw silk consumption, etc

SOUTHERN Punt ASSOCIATION

Yellow pine production and stocks.

Not published

STEEL
BARREL
ASSOCIATION.

Steel barrel shipments

Monthly reports * (not published)

REFRACTORIES MANUFACTURERS'
SOCIATION.

STOKER
TION.

AS-

ASSOCIATION.....

MANUFACTURERS'

MANUFACTURERS'

,

Sales of stokers

ASSOCIA-

Monthly press release to trade papers * — 5th of month.

1 Not published

STRUCTURAL STEEL SOCIETY

Sales of fabricated structural steel

Not published.

TANNERS* COUNCIL

Leather production through May, 1922..

Not published..

TWIN CITY MILK PRODUCERS' ASSOCIATION.

Milk production, Minnesota

Not published.

U. S. STEEL CORPORATION

Unfilledorders
Earnings
Stockholders
Wages of common labor..

Pressrelease*
Pressrelease*
Financial papers.
Special reports • . .

10th of month.
Monthly.
Quarterly.
Occasionally.

Printing activity

Typothetae Bulletin.

Monthly.

UNITED TYPOTHETAJE OF AMERICA. . .
WEST COAST LUMBERMEN'S
TION.
WEBBING
CHANGE.

MANUFACTURERS'

WESTERN
PINE
ASSOCIATION.

Douglas fir lumber production, etc.

MANUFACTURERS'

Not published..

Western pine lumber production, etc.

EX-

Not published

Sales of elastic webbing

ASSOCIA-

Not published.

DATE OF PUBLICATION.

in.—REPORTS FROM TECHNICAL PERIODICALS.
AMERICAN METAL MABKET

Composite pig iron and steel prices

First or second week of month (daily).

T H E ANNALIST

New York stock sales
New York closing stock prices
Foreign exchange rates, 1914 to 1918

First weekly issue of month (Mondays).
Weekly (Mondays).
Weekly (Mondays).

T H E BOND BUYER

State and municipal bond issues
Muncipal bond yields
Visible supply of wheat and corn
Bank clearings, United States and Canada
Price index
Business failures, Canada

First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Weekly (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).

BULLETIN DE LA STATISTIQUE GENERALE

Price index for France

Monthly.

CHEMICAL AND METALLURGICAL

Chemical price index

Weekly (Wednesdays).

Mine price of bituminous coal
* Multigraphed or mimeographed sheets.

Weekly (Thursdays).

B RADSTREET'S

COAL AGE




%

ENGINEERING.

58
SOURCES OF DATA—Continued.
DATE OF PUBLICATION.

III.—REPORTS FROM TECHNICAL PERIODICALS—Continued.
Cotton (visible supply)
Interest rates
Mail order and chain store sales..
New York bond sales
New York bond prices
Mexican petroleum shipments...
Business failures.
Price index
Rand gold production..
Silver prices

Weekly (Saturdays).
Weekly (Saturdays).
Second or third weekly issue of month (Saturdays).

ENGINEERING NEWS RECORD.

Construction cost and volume index..

FINANCIAL POST

Canadian bond issues

First weekly issue of month.
Weekly (Thursdays).
Monthly
Weekly (Fridays).

COMMERCIAL AND FINANCIAL CHRONICLE. .

Dow,

JONES & Co. (WALL STREET JOURNAL)

DUN'S REVIEW
ENGINEERING AND MINING JOURNAL-PRESS.

FRANKFURTER ZEITUNG

Price Index for Germany

HAY TRADE JOURNAL

Hay receipts

IRON AGE

Pig-iron production
Compositefinishedsteel price.
Iron and steel prices
Railway freight car orders..
Price index for United Kingdom
Milk receipts at Greater New York
Argentine visible supply of wheat and corn
Turpentine and rosin, receipts and stocks
Price index for Switzerland
Dividend and interest payments.
New capital issues
New corporations
Fire losses

IRON TRADE REVIEW..
LONDON ECONOMIST
MILK REPORTER
MODERN MILLER
NAVAL STORES REVIEW
NEUE ZURICHER ZEITUNG
NEW YORK JOURNAL OF COMMERCE .

NEW YORK EVENING POST.
NORTHWESTERN MILLER

OIL, PAINT, AND DRUG REPORTER.
OIL TRADE JOURNAL
PRINTERS' INK
RUSSELL'S COMMERCIAL NEWS
STATISTICAL SUGAR TRADE JOURNAL.
SVENSK HANDELSTIDNING




Newspaper advertising
Flaxseed, receipts, etc
Argentine grain shipments
Wheatflourproduction for 1917

!
! Price indices of drugs, oils, etc
Argentine shipments and supply of flaxseed
Mexican petroleum shipments
Magazine advertising
Wheatflourproduction, from July, 1920
Sugar stocks, receipts, meltings, and Cuban statistics...
Pnce index for Sweden

O

First week of month (daily).
First week of month (daily).
20th of month (daily).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).

First weekly issue of month (Thursdays).
Weekly (Thursdays).
Weekly (Thursdays').
First weekly issue of month (Thursdays).
10th of month.
Weekly.
Weekly.
| Weekly (Saturdays).
First week of month (daily).
First week of month (daily).
First week of month (daily).
10th of month (daily).
Not published.
Weekly (Wednesdays).
Weekly (Wednesdays).
Weekly (Mondays).
Weekly (Mondays).
10th of month (monthly).
Second week of month.
Weekly compilation (daily).
Weekly (Fridays).