Full text of Survey of Current Business : September 1922
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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 A/ *-\ A W U X < CD U. o co ! Q Z < co D O h V A V 5^< 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 0 9 / !/ w / \ \ i » V \ \ \ 1 \j6 * l f1 — z\ h. 6 O f i \ \ \ • s o -I 4 'r * ' % s '4° r- > 2 ! O) O3 CD C O C* C O 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 1 z A \ OEC \ -^ 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 \' \ / o A / \ / " 180 L U cc V z o o co Z 1 1 \ V - 1920 CON 192 ! C •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 OEC 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 / | — - 40 I & J--L / 7} 1 IU '20 2 IOO 1 1 i r 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 _ - Y \ 3*0 1 T1 \ i 1 1 1i \ 300 i 1 \ \ c 250 o O ZT 1 1 z 1 \s 9 | Y i 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 j 100 I92C \ \ \> :5 i : — 192 • > t u : c! 2 < FEB. 2 1 .? 8 S MAR. S \S \ V 1 1 I 1 1 OCT fe u T1 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. [ V / h / / 7 \ — + j 1 i A I % \ v/ y if k V ' I 1' ! ! \ I \\ / y \ \ 1 \ < \ 913 19 14 1916 1916 1917 1918 1919 M O N T H L Y AVERAGE .920 1921 2 m %t i! 11 ii !§§§ * If * • — • r is 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 d i y u, > d £: „ „• d L . « * > * > £ d £ ^ Iff 1 i 11 ? 5 S 8 I S < 5 I i J | ? 2 ! 8 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 / k ! 250 t/ X fi rv^ 1 100 50 / / / 1919 1920 1921 i- c M O N T H L Y 'it AVERAGE V k 1 ! 1 'i ' 11 1 \' 1\ / \ i /' p A 1 / \\ J / \ \\ J l\Jiii/ 1 1 / 200 150 1 fl I ; / \1 V > u -• -g>= :? 13 >< 192C N V LM\ n / / V ) 1921 JAN. FEB. 300 )\ SEPT. OCT. NOV. DEC. 350 1 V C i _ i z/ I p1 X NOV. DEC. JAN. FEB. MAR. APR. 400 1 / 1\ 450 AUG. SEPT. nr.x 500 tE (f > < Q. < i >. \\ j i E= 192:> / \1 v ^° y \ \ ! A1 f \ l\ \ / \ \ | / — ? 150 1/ \ \ / A 5 550 | / to IMPORTS, MELTINGS, AND STOCKS OF RAW SUGAR. / j / I y j =< 1 i | _ACCO < Arvr N ! o\ 1 | -4/ ^ / / 1 "~ 1 o 16 19 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 \ \ too IS 860 \ 800 \ /l zt/ \ 1 \ \ \ I Q \ 760 v\ \ « \ X j i • * 700 A1 \ //\ \ \l V j \ \ 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/ \ */ \ I 400 350 1 \l / UA \ 300 X // / £/ 260 \ tz \\V \\\ fz zxrz: w # 150 J —lac / too \ £0 ^' \ \ h J \ / _r \ \ iz \ 1917 1918 1919 1920 I92lj MONTHLY AVERAGE S Q S TZ \ \ \ \ \ \ /i o y 200 SALES OF MAIL-ORDER HOUSES AND CHAIN STORES. \ \fT 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 / \ / y 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 i it f [V s A S so far this year are about 9 per cent greater than a \ zt \ \ year ago. \ \ V I 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 H 50 / / / 30 20 i M0N1 QUC TA ' 1 \ 10 0 ; : M0N1 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 20 \ 18 16 14 LL o CO Q \ 12 \ \\ 10 vV ^^ UJ a. Q z 8 D 6 >* s 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 t »oz c 922 • c 1 1 A -2,700- l /A \ JY \ ir \ 14 I/\ _J VI\ \/ \ -2,400- \ 'r / IM A ^ > D I S COU N T S €0 (X 10 y A r A 0 .7 if ' - - 4— ^«- TO"f m •• 3 j73 Ah -1,200- • •* | k \ ,\ i1 i ' r i i y s/ i I • t \ \ t \ i I —\ A\ I / 1 | j 2 V z v/ n • •) t 5 cr 5 < J 1922 > JULY o n JUNE DEC NOV OCT Aim SEPT JUNE MAY JULY — — APR FEB z /J 1 V \ i \ ME NTS • — V MAR O -J ./ V < CO i JAN. o Q c > JUNE JULY 1921 Z e JAN. FEB. MAR c r 5 < = 1922 < JAN. FEB. MAR. APR. MAY JUNE S JULY 1 2 AUG. SEPT. OCT. 2 i \ 0 MAR. APR. MAY JUNE — JULY § = 1920 I FAILURES i i < r o 5 <I - LIABILITI 5 MILLIONS O i ' NUMBER Q 1 > 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 > \ — • - / \A \V . A. / \/ V • t . /" \ \ A 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. / / / -V- I —i— >_ 300 0 s ^1 cz 1813 19 4 1916 1916 1917 MONTHLY 1918 19 9 AVERAGE u 1 \ %\ P / \ \\ A L — -V if 1920 1921 z < \ \ "N i § 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).