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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
SEPTEMBER, 1926
No. 61

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREA0 OF STANDARDS
IMPORTANT NOTICE
In addition fa figures given from Government sources, there are also incorporated for completeness of
service figure* from other sources generally accepted by the trades, the authority and responsibility
for which are noted in the "Sources of Data" on pages 152-155 of th& August semiannual issue

Subscription price of thfc SURVEY or CURRENT BUSINESS is $1.50 a yeai*; single copies (monthly}» 10 cents; semiannual
issues, 25 cents. Foreign subscrip^on*, $2,25; single <jopies (monthly issues), including postage, 14 cents; semiannual
issues, 36 cents.: Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY, $5.50 a year. Make
remittances only to Superintendent of Documents, Washington, D. C,, by postal money older, express order, or New
Yoik draft. Cufreflcy at sender's risk. Postage stamps or foreign money no* accepted



WASHINGTON : GOVERNMENT PRINTING OFFICE : 1928

INTRODUCTION
THE SURVEY OF CURRENT BUSINESS is designed to
present each month a picture of the business situation
by setting forth the principal facts regarding the various lines of trade and industry. At semiannual intervals detailed tables are published giving, fpr each item,
monthly figures for the> past two years and yearly
comparisons, where available, back to 1913; also blank
lines sufficient for six months have been left at the
bottom of each table enabling those who care to do
so to enter new figures as soon as they appear (see
issue for August, 1926, No. 60). In the intervening
months the more important comparisons only are
given in the table entitled " Trend of business movements."
ADVANCE SHEETS

per cent over the base period, while a relative number
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative
number at one month is 120 and for a later month it
is 144 there has been an^inerease of 20 per cent.
In many instances comparable figures for the prewar years are not available, and in such cases the year
1919 has usually been taken as the base. For some
industries 1919 can not be regarded as a proper base,
due to extraordinary conditions in the industry, ana
some more representative period has been cnosen.
In many cases relative numbers of less importance
have been temporarily omitted.
Most of the relative numbers appear in a special
Realizing that current statistics are highly perish- section of the semiannual issues, as in Tables 111 to
able and that to be of use they must reach the business 131 of the August, 1926, number, thus allowing easy
man at the earliest possible moment, the department comparison on a pre-war base for all items for which
has arranged to distribute advance leaflets every week relatives could be computed.
to subscribers in the United States. The leaflets
INDEX NUMBERS
are usually mailed on Tuesdays and give such information as has been received during the preceding
When two or more series of relative numbers are
Week. The information contained in these leaflets combined by a system of weightings the resulting
is also reprinted in "Commerce Reports," issued series is denominated an index numpel1. The index
weekly by the Bureau of Foreign and Domestic Com- number, by combining many relative numbers, is
merce. The monthly bulletin is distributed as quickly designed to show the trend of an entire group of in-*
>
as it can be completed and printed.
dustries or for the country as a whole, instead of for
the single commodity or industry which the relative
BASIC DATA
number covers. Comparisons with the bas0 year or
The figures reported in the accompanying tables are with other periods are made in the same manner as in
,.
;
v$ry largely those already in existence. The chief the case of relative numbers.
function of the department is to bring together these
RATIO CHARTS
data which^ if available at all, are scattered in hunIn many instances the charts used in the SUBVBY
dreds of different ^publications. A portion of these
$ata are collected by Government departments, other OF CUBB^NT BusiNEsa are of the type termed "Ratio
figures are compiled by technical journals, and still Charts" (logarithmic scale), notably the Business
Indicator charts on page 2. These charts show the
others are reported by trade associations.
percentage increase and allow direct comparisons
between the slope of one curve and that of any other
RELATIVE NUMBERS
curve regardless of its location on the diagram; that
To facilitate comparison between different items and is, a 10 per cent increase in an item is given the same
render the trend of a movement more apparent, rela- vertical movement whether its curve is near the bpttive numbers (often called "index numbers," ai t^rm tom or near the top of the chart*
referring more particularly to a special kind of number
The difference between, this and the ordinary form
described below) have been calculated. The relative of a chart can be made clear by an example. If a
numbers enable the reader to see at a glance the certain item, having a relative number of 400 in one
general ujward or downward tendency of a move- month, increases 10 per cent in the followingmonth,
ment which can not so easily be grasped from the its relative number will be 440, and on an ordinary
Actual figures.
chart would be plotted 40 equidistant scale points
In computing these relative numbers the last pre- higher than the preceding month. Another movewar year, 191$, or in some instances a five-year aver- ment with a relative number of, say, 50 also increases
age, 19Q9rl91&, has been used as a base equal to 100 10 per cent, making its relative number 55. On the
wherever possible.
ordinary (arithmetic) scale this item would rise only 5
?
The relative numbers are computed by allowing the equidistant points, whereas the previous item rose 40
monthly average for the base year or period to equal points, yet each showed the same percentage increase.
100. If the movement for a current ^month is greater The ratio charts avoid this difficulty and give to each
than the base, the relative number will be greater than of the two movements exactly the same vertical rise
100, and vice versa. The difference between 100 and and hence the slopes of the two lines are directly
the relative number will givjB at once the per cent comparable. The ratio charts compare percentage
increase or decrease compared with the base period. changes, while the arithmetic charts compare absolute
Thus & relative number of 115 means an increase of 15 changes.
This issue presents practically complete data for the month of July and also items covering the early weeks of August,
received up to August 26. (See charts and table, pp. 4 and 5.) As most data covering a particular month's business are
not available until from 15 to 30 days after the close of the month; a complete picture of that month's operations can not
: be presented at an early date, but the advance leaflets give every week the latest data available*



UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS

i

:

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

:

:

BUREAU OF STANDARDS

SEPTEMBER

No. 61

1926

CONTENTS
SUMMARIES

INDEX BY SUBJECTS
Page

Preliminary summary for August
Course of business in July
Monthly business indicators (table and chart)
Weekly business indicators (table and chart)
Wholesale price comparisons (table and charts)
Indexes of business:
Condensed summary
Text and chart
Detailed indexes (production, prices, sales, etc.)
Basic steel and related products (charts)
Census of manufactures, 1925

1
9
2, 3
4, 5
6, 7, 11
9
10
23
8
22

NEW DETAILED TABLES

Wool imports
Domestic pumps and water systems
Farm equipment production and sales
Sales of animal glues
Real estate mortgage holdings of life insurance companies, by States

12
13
14
17

Text
page

Textiles
Metals, metal products, automobiles, etc
Fuels
Hides and leather
Rubber
Paper and printing
Building construction and housing
Lumber products
Stone, clay and glass products
Chemicals and oils
Foodstuffs and tobacco
Transportation and public utilities
Employment and wages
Distribution movement (trade, advertising, etc.)
Banking, finance, and insurance
Foreign exchange and trade, gold and silver

Table
page

12
13
15
15
16
16
16
16
17
17
18
20
11
20
20
22

27
29
33
34
35
35
36
37
38
39
42
45
47
48
49
51

26

PRELIMINARY SUMMARY FOR AUGUST
• Business activity in August continued to gain over
the corresponding period of last year, as shown from
preliminary figures. Among the industrial indicators,
bituminous coal and petroleum continued to increase in
output and were higher than a year ago, while beehive
coke, though declining from July, was also higher
than in August of last year. Contracts awarded for
building construction declined from both periods,
however.
Wheat receipts continued the large volume shown
in July, though declining somewhat from the peak,
and have almost doubled the receipts in August, 1925.
Cattle receipts declined considerably from a year ago,
while the advent of the new cotton crop during August
seemed to be at about the same rate as last year. Wool
7135—26f

1




receipts at Boston showed little change from a year
ago.
Wholesale prices continued to decline, reaching a
new low level for the past two years. Such important
items as wheat, cotton, steel and lumber averaged
lower in price than in July, while copper and chemicals were slightly higher.
Check payments were larger in August than a year
ago. Interest rates were higher than in July and also
above the levels prevailing a year ago. The Federal
reserve ratio declined from the high level reached in
July. Stock prices continued to mount while bond
prices showed little change. Business failures declined week by week in August but were slightly
above the July average.

MONTHLY BUSINESS INDICATORS: 1920-1926
[Ratio charts—see explanations on inside front cover. The curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production
for the varying number of working days in the month]




RELATIVE TO 1919 AS 100

RELATIVE TO J9I3 AS 100
350

1920

1921 1922 1923 1924 1925 1926

1920 1921 1922 1923 1924 1925

1926

BANK DEBITS, 141 CENTERS

WHOLESALE TRADE

INTEREST RATES, COMMERCIAL PAPER

DEPT,' STORt TRADE <359 STORES)
WHOLESALE PRICES CDEPT OF LABOR )

MANUFACTURING PRODUCTION
(64 COMMODITIES)

LUMBER PRODUCTION
(5 SPECIES

AUTOMOBILE PRODUCTION
( PASSENGER CARS AND TRUCKS)

FACTORY EMPLOYMENT

CONTRACTS AWARDED (SO. FT.)
(27 STATES)
40
30L

I I I

1920

1921 1922 1923 1924 1925 1926

1920

1921

1

1

1

1922 1923

I I I

I I I

1 1 1

1924 1925 1926

MONTHLY BUSINESS INDICATORS
The following table gives comparative relative numbers for a selected list of important business movements. It is believed
that this table will prove useful, because it segregates from the large mass of material a comparatively small number of items which
are often regarded as indicative of business in general.
The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using
1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of
relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the
absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared
to previous months, does reflect the present tendency in each item and will give a basis for business judgment.
1936

1925

MONTHLY AVERAGE
ITEM

1920 1921 1922 1923 1924 1925 May June July Aug. Sept. Oct. Nov. Dec. Jan. |Feb. Mar Apr. May June July
l

1913 monthly average = 100
Production :
Pig iron
Steel ingots. ..
_
Copper
Cement (shipments)
Anthracite coal
Bituminous coal
Electric energy (gross revenue sales)
Crude petroleum
Cotton (consumption)
BeeL.
Pork
t n tilled orders:
United States Steel Corporation
Stocks:
Crude petroleum i
.
Cotton (total)
Prices: 2
Wholesale index. .
Retail food
Retail coal, bituminous
Farm products
Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks
Banking:
Clearings, New York City
Clearings, outside
Commercial paper interest rate
Distribution:
Imports (value).. .
Exports (value)— .
Sales, mail-order
Transportation :
Freight, net ton-miles

133
495
311
117
173
122

118
155
131
137
2
127
535
297
117
137
127

127
158
135
94
3
132
558
294
124
152
162

130
164
138
77
2
135
578
288
125
139
168

114
151
132
79
27
117
559
264
122
120
127

134
178
147
129
115
116
545
293
136
136
136

135
163
143
175
108
101
537
290
124
137
120

136
156
143
243
106
98

126
149
137
259
117
105

126
145
142
254
111
109

302
111
139
119

298
111
150
136

314
99
136
129

63

70

78

85

83

78

74

65

61

59

61

289
56

287
130

284
185

283
216

278
237

278
226

274
213

274 273
192 .168

271
143

268
119

265
98

160
160
159
149

160
160
160
152

160
159
163
144

158
162
170
143

158
167
179
144

156
166
179
143

156
164
179
143

155
162
179
143

152
160
170
140

151
162
168
140

152
161
161
139

152
160
160
139

151
157
160
135

161
248
96

151
256
97

163
272
101

134
280
102

129
298
102

157
305
107

160
305
111

191
309
111

150
309
109

134
272
105

169
249
104

147
253
106

129
268
111

130
278
113

302
299
70

305
317
70

297
323
71

256
293
72

276
313
76

329
353
80

298
319
79

342
348
79

344
341
79

272
288
75

356
339
78

329
324
76

297
316
72

307
329
70

302
334
72

236
198
327

219
179
262

218
156
271

218
164
248

228
184
255

234
203
309

250
237
464

252
216
396

266
226
473

279
192
336

260
170
322

297
181
357

266
187
344

215
172
299

226
163
309

226
178
284

139

136

131

139

153

151

161

149

139

138

130

141

133

146

144

99
108
98
119
283
178
105
119
113

54
64
38
107
99
87
312
189
97
113
117

87
114
80
131
58
85
349
224
109
126
130

130
144
120
153
104
118
407
295
117
130
160

101
122
128
164
99
101
434
287
99
133
151

118
146
136
177
68
109
470
304
115
139
128

114
137
137
226
107
89
429
329
114
132
116

104
127
136
237
102
93
421
322
106
127
136

104
122
133
245
109
99
419
325
104
145
107

106
136
132
249
113
113
429
323
96
135
96

106
138
132
240
1
117
450
313
104
144
97

_ ._ 170

90

96

102

68

73

69

63

60

59

143
155

171
198

265
153

311
125

369
111

290
129

297
80

296
61

294
45

226
203
207
205

147
153
197
116

149
142
188
124

154
146
190
135

150
146
169
134

159
145
167
147

155
152
159
146

157
155
158
148

108
184
67

229
136
64

228
169
75

197
185
72

198
198
81

162
262
99

162
245
96

257
275
134

205
212
118

230
230
80

226
276
90

264
284
71

300
315
73

294
331
264

140
181
188

177
154
204

212
168
259

201
185
284

137

105

115

139

131

120

.. _ 135

._

_

1919 monthly average =100

•

Production :
Lumber Building contracts
Stocks:
Beef
Pork
Business finances:
Bond prices (40 issues)
Banking:
Debits outside New York City
Federal ReserveBills discounted. ._
Total reserves
Ratio
1
2
3

118
154
138
207

102
72

86
69

117
102

133
106

129
108

141
138

146
148

151
143

141
145

154
166

153
155

157
148

140
146

127
137

113
117

130
90

146
150

142
155

148
153

148
142

138
125

66
98

42
83

29
70

32
91

34
90

34
82

31
81

26
96

21
89

19
76

17
59

20
46

31
45

36
56

34
67

33
74

30
78

25
76

22
74

21
78

19
86

86

87

107

104

108

112

113

114

112

111

111

111

112

112

114

115

115

116

117

117

117

114

91

95

107

108

121

116

123

123

113

119

137

121 ' 137

134

114

133

128

122

128

135

132
97
80

91
122
122

28
144
154

39
146
152

19
146
160

26
134
149

21
136
153

24
135
153

24
134
154

30
132
149

33
131
144

30
132
144

32
131
142

23
135
149

33
28
133 133
147 , 146

27
135
151

24
136
151

27
136
150

27
137
152

39
129
134

Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.
Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000
board feet reported by the census.




WEEKLY BUSINESS INDICATORS
[See table on page 5]
WEEKLY

AVERAGE, 1922 - 1924 = 100-

BITUMINOUS COAL, PRODUCTION

FISHER'S INDEX, WEEKLY AVERAGE 1923-1924=100WHEAT RECEIPTS

FISHER'S WHOLESALE PRICE INDEX

,60i^

J

•**'.
':••'

4s\ \...
\V

^•v*

-•-

/ v/'

/v
i 1 i !

\

V ••".•••

.,'
..
**..«.•

1 ! 1

u

1 ! !

COTTON PRICES MIDDLING NEW YORK

^

PETROLEUM PRODUCTIONCDAILY AVERAGE)
CATTLE RECEIPTS

isa

LOANS AND DISCOUNTS (F.R.MEMBER BANKS)
1
|
">»,

.. \,f*

;;-i.T- TiT "***"i4***r"Urr
CAR LOADINGS
140
120
100

80

r 1 11 1 11

..«••*
Srf?

1 11 1 111

*"\ "•:

V

v

\
1111

1 1 11 1 11

BUILDING CONTRACTS §
200




c^c. ....-

WEEKLY BUSINESS INDICATORS
All data are given as relative to the weekly average for 1922 to 1921 as 100, except wholesale prices, which are based on 1923 to 1924 average
Receipts of wheat

Receipts of cotton

Receipts o

Receipts o

Price of N<>. 2 wheat

Bank loan s and discou nts

Debits to in dividual
accoiints

June 6
13
20
27

92.3
95.0
92.6
95.4

113.8
115.7
112.4
112.4

56.1
59.6
56.6
56.1

128.8
123.9
120.5
119.2

109.4
108.5
108.0
109.0

125.1
134.4
184.9
150.4

69.2
58.2
55.6
60.5

26.4
20.9
18.7
17.4

82.6
86.2
70.1
86.2

91.5
91.2
89.5
87.5

102.4
102.2
102.9
103.9

93.2
89.4
91.3
92.5

92.5
91.6
91.1
90.9

151.2
157.7
152.0
146.3

112.7
112.8
112.9
113.0

115. 9
110.7
126.5
115.5

103.0
93.9
90.9
112. 1

90.1
94.5
105.7
97.0

July 4
11
18
25

81.0
95.2
98.8
102.9

90.0
98.6
108.1
107.1

52.6
56.6
55.7
54.8

118.0
118.0
116.0
115.8

95.0
108.0
111.1
113.2

142.5
124.0
132.0
134.6

59.9
91.4
93.3
140.5

13.6
13.6
24.3
26.8

101.0
100.6
106.4
100.3

65.1
69.3
77.0
64.3

103.5
103.8
104.6
104.5

89.8
91.7
92.1
95.5

91.1
91.1
91.1
91.1

128.5
132.5
127.6

114.4
113.6
113.7
113.3

129.4
116.6
120.4
119.9

121.2
100.0
97.0
100.0

92.3
77. 1
101.0
106.0

Aug. 1
29

104.2
109.8
113.0
115.9
122.6

113.3
112.4
115.7
120.0
115.7

53.5
53.9
53.9
6£2
72.4

115.9
117.3
116.1
116.3
116.0

114.7
115.6
117.1
118.7
123.6

202.6
168.0
179.4
194.4
153.8

165.9
143.9
122.2
108.1
108.3

40.0
31.9
45.5
71.9
116.6

104.8
109.0
117.4
119.0
114.8

67.8
63.5
62.1
. 57.7
61.5

104.8
105.1
104.6
103.4
103.9

94.0
92.8
89.8
89.4
86.4

91.1
91.1
91.1
91.1
90.6

129.3
136.6
139.0
135.8
137.4

113.1
113.8
114.4
114.4
114.4

107. 1
120.1
109.5
114.6
105.9

100.0
106.1
97.0
100.0
106.1

89.3
90.1
79.4
92.5
86.3

Sept. 5
12
19
26

119.3
110.0
119.9
125.3

117.6
112.4
119.0
115.7

72.8
73.2
75.0
77.2

117.3
116.9
116.9
115.5

121.2
107.2
120.7
123.2

152.4
97.7
162.3
136.0

136.0
158.1
170.4
180.6

177.9
197.0
244.3
279.1

113.8
89.7
109.6
122.8

62.8
56.8
61.8
62.0

103.2
103.0
103.6
103.1

85.7
90.6
92.5
90.2

90.6
90.9
90.9
91.0

137.4
139.0
140.7
138.2

115.3
115.0
116.3
116.6

111.5
95.3
128.1
122.3

100.0
106.1
100.0
118.2

82.3
70.2
89.1
89.6

121.3
128.7
129.7
133.2
137.5

114.8
116.7
114.8
116.7
116.7

82.0
89.0
99.1
98.2
114.5

114.9
114.9
114.2
113.3
113.2

122.3
121.6
121.6
123.3
120.0

234.8
132.0
117.6
130.6
157.8

149.0
113.4
90.7
74.6
81.0

311.9
309.4
337.4
327.7
325.1

142.8
156.6
155.9
149.5
143.7

78.1
73.4
70.7
70.6
80.6

102.3
101.7
102.0
101.7
102.9

87.5
83.4
81.9
82.3
74.7

91.1
91.1
91.1
91.5
92.4

125.2
130.1
138.2

118.3
118.2
118.6
118.7
118.9

126.9
138.7
118.0
137.5
122.4

121.2
112.1
100.0
103.0
121.2

87.3
90.5
83.8
80.6
92.8

Nov. 7
14

134. 1
134.0
138.8
127.8

114.8
112.4
113.8
106.2

128.1
129.4
124.6
128.5

112.8
111.8
112.5
112.1

116.9
115.5
116.3
101.5

175.8
141.5
147.2
104.3

95.8
86.5
104.5
104.7

323.8
288.5
289.8
285.1

136.7
124.4
119.0
88.7

85.0
87.5
97.6
79.0

103.3
103.4
103.6
104.2

79.2
78.9
78.5
80.8

93.6
94.3
94.5
94.6

136.6
138.2
137.4
140.7

120.0
119.9
119.9
119.4

131.8
114.4
145.8
124.4

112.1
109. 1
112. 1
121.2

88.1
102.7
109.0
95.3

Dec. 5
12
19

141.8
142.2
139.8
92.9

108.1
110.5
111.4
72.9

130.7
127.6
137.3
114.5

111.9
111.2
110.5
109.8

112.2
110.9
106.4
77.1

181.4
142.1
142.3
110.2

117.3
116.3
104. 1
74.4

293.6
283.0
242.6
206.8

123.5
125.1
119.3
65.3

110.0
110.2
102.8
70.6

105.1
103.6
102.7
102.9

78.5
74.3
73.2
74.7

95.3
95.2
95.2
95.2

143.9

119.8
120.2
120. 4
120.8

124.7
123.9
141.4
133.6

121.2
124.2
124.2
142.4

105.0
107.5
112.7
83.1

2
9
16

117.5
143.5
144.0
136.9
138.4

56.7
81.4
94.3
101.9
103.8

128.5
127.2
136.4
150.4
148.7

108.2
107.7
106.8
105.7
103.8

81.5
99.7
103.0
101.3
101.7

152.3
131.8
119.2
182.7
115.5

41.6
75.7
63.0
55.9
53.0

174.0
132.8
112.3
119.6
106.0

71.4
103.9
105.1
102.2
83.3

97.2
122.7
112.5
94.7
102.0

103.8
103.8
103.4
103.7
104.0

78.1
78.5
79.6
78.9
78.5

95.5
95.5
95.5
95.3
94.9

152.8
153.7
152.8
152.8
148.8

121.8
121.3
120.2
120.0
119.3

109.8
153.2
129.8
135.2
124.0

145.5
97.0
109. 1
97.0
109.1

93.0
137.3
142.5
127.6
128.4

Feb. 6
13
20

134.0
132.3
126.8
120.0

108.1
110.5
108.1
107.1

161.0
158.8
154.8
140.4

104.5
104.3
104.3
105.6

100.6
100.8
102.4
100.3

93.2
77.0
102.8
146.7

51.9
48.9
60.8
40.6

101.3
97.9
87.7
71.1

87.8
85.5
78.8
82.3

94.4
93.7
79.0
80.9

104.0
103.3
102.0
101.3

78.5
78.5
78.5
75.1

94.9
94.9
94.7
94.7

156. 1
148.8
145.5
147.2

119.6
119.8
119.4
119.2

132.4
123.3
121.7
107.7

112. 1
118.2
115.1
127.3

128.9
94.8
118.9
104.0

Mar. 6
13
20

115.2
117.8
113. 1
106.0

109.5
111.4
114.8
118.1

115.8
115.4
115.4
109.7

105.3
106. 1
105.8
106.0

106.0
106.3
107.4
106.4

106. 4
119.6
167.0
157. 1

45.7
36.6
42. 1
42.1

68.5
65.5
68.1
71.5

81.0
83.3
85.9
88.4

90.1
82.9
85.6
78.6

100.3
99.9
100.1
98.8

73.6
74.0
72.8
72.8

94.7
94.7
94.6
94.6

139.0
137.4
142.3
130.1

119.8
119.0
119.3
119.3

143.5
121.7
133.6
122.2

112. 1
103.0
103.0
118.2

120.4
122.1
97.5
110.2

Apr. 3

99.6
103.8
102.5
102. 1

116.7
115.7
119.0
118. 1

102.6
100.0
102.2
100.0

106.7
106.7
106.4
107. 2

102.0
102.2
106. 1
107.0

165. 1
207.4
184.9
128. 6

31.4
39.4
33.6
42 4

57.4
51.9
48.1
43.0

69.8
74.3
82.0
88.7

59.9
68.9
74.8
74.6

98.9
98.2
98.8
98 5

73.2
72.8
72.5
71.3

94.6
93.8
93.8
93 6

136.6
142 3

120.2
119.4
118.9
118 7

124.0
133.1
126.2
129.6

115. 1 98.5
97.0 99.8
109.1 108.2
84 8 117.9

29

100.5
99.6
102.4
102.3
106.7

111.4
109.5
111.4
112.4
113.8

92.1
93.0
89.3
92.5
85.1

109.1
109.3
109.6
108.9
110.3

109.4
109.5
113.2
114.2
118.8

165.2
166.4
147.2
190.0
168.3

41.9
42 3
37.3
43.4
58.2

49.4
43.4
44.3
39.6
40.4

99.0
98. 1
87.1
86.8
95.8

78.7
74.5
66.5
72.1
78.7

97.9
98.5
99.2
99.6
99.4

71.3
72.5
71.7
70.9
71.3

93.4
93.4
93.3
92.8
92.5

134. 1
135.8
137.4
134. 1
135.0

119.3
119.8
119.4
118.9
118.7

117.3
134.2
119.7
125.6
118.8

93.9
93.9
90.9
97.0
97.0

122.6
100.3
104.2
102.7
108.0

June 5
12
19
26

95.4
106 0
104.7
108.5

105.2
112.4
114.8
109.5

85.5
86 0
80.7
82.0

110. 1
110 4
110.3
110.8

104.0
116 5
114.7
116.8

124.5
150 9
134.3
150.6

44 3
44 7
42.3
68.3

36.6
34 0
27.2
18.3

95.5
92 9
94.2
85.9

75.7
92.0
75.7
71.4

98 9
100 1
99.2
99.0

70.9
68.7
69.4
70.2

92.1
91 7
91.5
91.5

120.3
126.8
125.2
117.9

119.4
1]8. 9
120.2
119.3

117.0
121.4
129.8
123.0

100.0
97.0
90.9
103.0

84.8
94.0
99.5
99.5

July

104.5
91.5
111.4
111.8
116. 1

105.2
84.8
107.1
103.8
109.5

71.5
77.2
79.8
74.6
77.2

111.7
111.5
112.6
113.5
116.0

117.9
99.0
119.1
119.3
121.2

125.6
158.2
162.8
134. 1
197.3

106.0
166. 1
171.6
232.0
309.6

20.4
14.5
22.1
22. 1
28.1

96.5
90.0
104.2
94.9
94.2

72.1
70.7
67.1
70.9
68.2

97.9
98.2
97.9
97.1
96.4

69.1
72.1
70.2
71.3
72.5

91.8
91.8
91.7
91.7
91.5

109.8
120.3
117.1
118.7

120.9
120.3
119.8
119.6
119.6

126.8
130.3
129.3
129.9
116.1

115. 1
109.1
103.0
97.0
106.1

92.3
76.1
88.1
89.3
98.8

111.8
117.1

110.5
111.4

72.8
71.5

117.4
118.5

119. 1

121.5
152.1

284.0
225.0

25. 1
48.5
59. 1

75.6
99.0
67. 1

70.9

96.2
96.0
95 9

71.3
67.2
68.7

91.5
91.5
91.5

113.0
111.4
110.6

120.4
120.7

127.2
116.8
122.8

109.1
109.1
109.1

93.3
92.3
90.1

2

A

1

§1
Ja S
fi

s!
si
I*

05
1
>»
C
O

1
S
S3
.«

Business f

(i

Wholesale

Beehive c
duel

Bitumino us coal
produ ction

WEEK

ENDING 2 —

|
|

o>
~
•M

Price of coltton middliiag

Building.c ontracts

s
S

Lumber p roduction

Car loadin

•d
§
|

Petroleumi productio n

i

1925

8
15

22

Oct.

3

_

10
17
24
31

21
28

26

1936
Jan.

23
30

27

27
10

17

24

May 1
8
15

22

3
10
17

24
31
Aug. 7
14

21
28

.

Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on four
*--- '------'—-------------:~*:------^-------------------- ----- --- .._._,— T^__,..._ r_.^..,.. T „ „, ---- ,«_... _ ^ - _ . r --- ,_-•—
Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from Chicago
Board of Trade through U. S.. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from
.
,
Federal Reserve Board; Call-money rate from Wall Street Journal; Business failures from JR. G. Dun & Company.
2
The actual week for all items does not always end on same day.




WHOLESALE PRICES IN JULY
[Bars denote percentages of increase or decrease in the wholesale prices of specified commodities as compared with the same month of 1925 and 1924]
COMPARISON WITH
PREVIOUS MONTH

COMMODITIES

COMPARISON WITH SAME MONTH
1925

DECREASE INCREASE

20

0

10

10

20

DECREASE

60

40

30

20

COMPARISON WITH SAME MONTH
1924

INCREASE

0

10

10

20

30

40

DECREASE

50

60

FARM PRODUCTS . AVERAGE
WHEAT

'

" V//A

M7A

CORN

V////////////////.

POTATOES
\%^//tf//tf%/ffl/'.

COTTON
COTTONSEED

I

CATTLE, BEEF

i

^

—

70

80 50

40

30

20

INCREASE

0

10

10

20

30

40

50

60

70

8<

PRICE TO PRODUCER

|/^^^^^^^^;

^
^

H^ m l H H m
I H ^H H & i

HOGS
LAMBS
FARM PRODUCTS, MARKET PR ICE
WHEAT, SPRING

E%%

WHEAT, WINTER
CORN

NO. 2

OATS

=

1

BARLEY

RYE

•

NO. 2

TOBACCO, BURLEY

^

COTTON

{/^^^^^^^^

WOOL, % GREASE (BOSTON)

1

I

CATTLE, STEERS
HOGS. H EAVY

I

m

SHEEP. EWES

1

SHEEP, LAMBS
FLOUR. SPRING

1

•

FOOD

• ' '
%%&

FLOUR, WINTER
SUGAR, RAW
SUGAR, GRANULATED

1

1

M

COTTONSEED OIL
BEEF, CARCASS

B B B I
B B B

Hi

I

%M.

BEEF, STEER ROUNDS

—

HAMS. SMOKED (CHICAGO)
CLOTHING
COTTON YARN
COTTON PRINT CLOTH

x

m
*
*

COTTON SHEETING
WORSTED YARNS
WOMEN'S DRESS GOODS
SUITINGS

m
m

i

SILK, RAW
HIDES, PACKER'S

e

HIDES, CALFSKINS
LEATHER, SOLF OAK
BOOTS AND SHOES 'BOSTON)

ti *

BOOTS AND SHOES (ST. LOU'S)

i

' "i

if

LEATHER, CHROME BOSTON)

^

®
r

,

^

,

,

COAL, BITUMINOUS

^

•

.

.

.

FUEL
.
.

t

.

COAL, ANTHRACITE
COKE
PETROLEUM

•
METALS

PIG IRON, FOUNDRY
PIG IRON,

'

'

6
E
ir

BASIC

STEEL BILLETS, BESSEMER
COPPER

<,

1

LEAD

m
m

TIN

1

ZINC

1

LUMBER. PINE. SOUTHERN
LUMBER, DOUGLAS FIR
BRICK, COMMONJNEW YORK)
CEMENT
STEEL BEAMS
RUBBER CRUDE
SULPHURIC ACID




a.

,

20

^

'

**
*
*
Ej
. * ,

10

DECREASE

0

I0

BUILDING

'
A

V^SS-

MATERIAL AND MISC _L -AN ECUS

*

**

^ • • ^ • E H I
• • • • • z K

4

,

20

INCREASE

1 50

40

^^^^^^

30

20

10

Q

10

DECREASE
- NO CHANGE

20

30

40

50

60

70

80 50

INCREASE
NO QUOTATION

40

30

.20

DECREASE

10

Q

|Q

20

30

40

60

INCREASE

60

70

8(

WHOLESALE PRICE COMPARISONS
NOTE.
!.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; nonferrous metal
.. _.
from the Engineering and Mining Journal-Press.. ^n ^u prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations repreEngineering and
Jou, ,«*«,--i ,<,00 All other
sent prices to producer or at mill. See diagram on page 6.
PER CENT

ACTUAL PEICE

INCREASE (+) OR
DECREASE (— )

(dollars)

RELATIVE PRICE

(1913 average=100)

Unit

COMMODITIES

June, 1926 July, 1926 July, 1925

July, 1926, July, 1926,
from
from
June, 1926 July, 1925

June,
1926

July,
1926

July,
1925

FARM PRODUCTS— AVEEAGE PRICE TO PRODUCERS
Wheat.. . .
Corn
Potatoes
Cotton
Cottonseed. _
Cattle, beef
Hogs
-.Lambs

_

_ _ ._

_

_

_

Bushel
Bushel
Bushel
Pound
Ton
Pound
Pound
Pound

1.389
.686
1.901
.161
31.89
.0656
.1280
.1207

1.277
.715
1.746
.154
31.31
.0646
.1269
.1152

1.403
1.044
1. 255
.234
36. 41
.0655
.1202
.1171

-8.1
+4.2
-8.2
-4.3
-1.8
-1.5
-0.9
-4.6

-9.0
-31.5
+39. 1
-34.2
-14.0
-1.4
+5.6
-1.6

175
111
318
134
146
111
171
198

161
116
292
128
144
109
169
189

177
169
210
195
167
111
160
192

Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
Cwt ..
Pound
Pound
Cwt
Cwt
Cwt
Cwt

1.53
1.48
.72
.41
.68
.91
21.00
.186
.42
9.59
13.96
5.31
16.13

1.53
1.44
.80
.42
.72
1.04
21.00
.187
.43
9.42
12.98
5.88
14.26

1.59
1.59
1.07
.48
.88
.98
25.00
.248
.52
11.56
13.79
6.31
14.66

0.0
-2.7
+11.1
+2.4
+5.9
+14.3
0.0
+0.5
+2.4
-1.8
-7.0
+ 10.7
11 6

-3.8
-9.4
-25.2
-12.5
18.2
+6.1
-16.0
-24.6
-17.3
-18.5
-5.9
-6.8
2 7

168
150
114
108
109
143
159
145
168
113
167
113
207

168
146
129
111
115
163
159
146
172
111
155
125
183

174
161
178
126
141
154
189
194
208
136
165
145
188

Barrel
B arrel
Pound
Pound
Pound
Pound
Pound
Pound

.

8.68
7.39
.041
.054
.16
.160
.162
.340

8.98
6.81
.042
.056
.15
.162
.170
.351

8.65
6.95
.043
.053
.11
.178
.192
.293

+3.5
-7.8
+2.4
+3.7
-6.2
+1.3
+4.9
+3.2

+3.8
-2.0
-2.3
+5.7
+36.4
-9.0
-11.5
+19.8

189
192
118
127
215
124
124
205

196
177
119
130
209
125
130
211

189
191
122
123
158
138
147
176

Pound
Yard
Yard
Pound
Yard
Yard
Pound
Pound
Pound
Square foot
Pound
Pair
Pair

.349
.073
.093
1.40
.73
3.29
5.88
. 133
.167
.45
.43
6.40
4.98

.344
.073
.089
1.40
.73
3.29
5.78
.142
.172
.45
.41
6.40
4.85

.415
.095
.096
1.70
.80
3.60
6.32
. 166
.218
.46
.46
6.40
5.15

-1.4
0.0
-4.3
0.0
0.0
0.0
17
+6.8
+3.0
0.0
-4.7
0.0
-2.4

-17.1
-23.2
-7.3
-17.4
-8.7
-8.6
-8.5
-14.5
-21.1
-2.2
-10.9
0.0
-5.8

141
138
152
180
232
213
162
72
89
167
96
206
157

139
137
144
180
232
213
159
77
91
167
91
206
153

168
180
156
219
254
233
174
90
115
171
103
206
163

Short ton__ 3.39
11.47
Long ton
Short ton__ 2.84
Barrel
2.050

3.39
11.48
2.94
2.050

3.39
11.07
2.91
1.800

0.0
+0.1
+3.5
0.0

0.0
+3.7
+ 1.0
+13.9

154
216
116
219

154
216
121
219

154
208
119
193

19.71
Long ton
Long ton... 18.00
Long ton
35.00
Pound
.1366
Pound
.0803
Pound
.5841
Pound
.0711

19.45
17.63
35.00
.1392
.0850
.6137
.0741

20.26
18.00
35.00
.1395
.0815
.5668
.0721

-1.3
-2.1
0.0
+ 1.9
+5.9
+5.1
+4.2

-4.0
-2. 1
0.0
-0.2
. +4.3
+8.3
+2.8

123
122
136
89
184
132
129

122
120
136
91
195
139
135

127
122
136
91
186
128
131

Mfeet
Mfeet
Thousand

43.17

44.66
16.50
15.50

-3.3
+9.7

194
179
259

187

0.0

259

194
179
236

0.0
+5.4
-2.6
0.0

-5.7
-2.5
-59.4
+7.1

163
123
43
75

163
129
42
75

173
132
102
70

FARM PRODUCTS-MARKET PRICE
Wheat, No. 1, northern spring (Chicago)
_
Wheat, No. 2 red, winter (Chicago)
Corn, contract grade No. 2, cash (Chicago)
Oats, contract grades, cash (Chicago).
...
_ _._
Barlev, fair to good, malting (Chicago)
Eye, No. 2, cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
Cotton, middling upland (New York)
Wool, % bloodcombing, Ohio and Pennsylvania fleeces (Boston)
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)
Sheep, lambs (Chicago)

_

FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels flSFew York)
_
Cottonseed oil, prime summer yellow (New York)
Beef, fresh carcass good native steers (Chicago) _
Beef, fresh steer rounds No. 2 (Chicago)
Pork, smoked hams (Chicago)
CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton-print cloth, 27 inches, 64 x 60-38}i"-5. 35— yards to pound
Cotton sheeting, brown 4/4 Trion (New York)..
Worsted yarns, 2/32's crossbred stock, white, in skein (Boston)Women's dress goods, French, 35-36 inches at mills, serge
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
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, chrome calf, dull or bright "B" grades (Boston)
_
Leather, sole, oak, scoured backs, heavy (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts).. _
Boots and shoes, men's dress welt tan calf (St. Louis)
FUEL
Coal, bituminous, mine-run lump (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 (St. Louis)
BUILDING MATERIAL AND MISCELLANEOUS
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 10 (Washington)
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b., plant (Chicago
district)
__
_ _
Steel beams, mill (Pittsburgh)
Rubber, Para, Island, fine (New York).. _
_
Sulphuric acid 66° (New York)




Barrel
Cwt
Pound
Cwt

44.63
16.50
17.00
1.65
1.85
.344
.75

17.00

1.65
1.95
.335
.75

1.75
2.00
.825
.70

PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
[July, 1926, is latest month plotted]
14,000

600

COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS
[July, 1926, is latest month plotted]
800

800

BUILDING CONTRACTS AWARDED^
(27 STATES )

\

40

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS
[July, 1926, is latest month plotted]
4,000
2,000

10




BUSINESS SUMMARY
{Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average—enable comparisons to be made of the
relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, and details of this summary are given in the table entitled "Indexes of Business," beginning on page 23]
YEARLY AVERAGE

1925

July, 1926,
from
June, 1926

July, 1926,
from
July, 1925

126
116
148
113
103
121

-3. 1
+ 17.2
+ 2.8
-6.6
+ 63.5
-4.0

-1.6
+ 17.2
+ 2.1
+ 1.8
+ 49.3
-4.0

125

-12.0

-13.8

162
48

166
48

+ 2.5
0.0

+ 24.8
-5.9

105
214
82
137

107
204
84
130

98
201
82
99

-8.4
-1. 5
-2.4
-23.8

+ 12.6
+ 9.8
1 2
+ 4.2

71
78
86
98

67
74
87
98

67
74
86
97

65
73
84
97

-3.0
-1.4
-2.3
0.0

-8.5
-6.4
-2.3
-1.0

126
83

127
82

128
85

131
84

138
83

+ 5.3
-1.2

+ 8.7
+ 1.2

112
139

108
114

115
142

121
148

119
118

150

+ 27. 1

+ 5. 6

196

186

160

156

154

120

-22. 1

-25.0

1923

1924

119
114

136
117
102
121
144
106

113
119
126
117
118
119
152
108

125
116
132
113
111
126
169
138

128
93
140
114
55
132
160
148

128
94
139
120
55
134
160
143

128
99
145
111
69
126
165
145

129
94
135
118
57
131
179
153

130
99
144
121
63
126
181
142

STOCKS (45 commodities; seasonal
adjustment)
_ _
UNFILLED ORDERS (relative to 1920) _ _

119
74

135
52

145
56

145
53

143
51

133
51

161
48

SALES (based on value) :
Mail-order houses (4 houses)
Ten-cent chains (5 chains)
Wholesale trade
Department stores (359 stores) _ _

99
165
83
124

105
185
82
125

118
209
84
131

95
191
79
128

102
187
83
126

87
183
83
95

65
75
78
94

64
73
78
95

70
77
84
98

70
75
82
96

71
76
83
97

CHECK PAYMENTS (141 cities— Seasonal adjustment)
FACTORY EMPLOYMENT (1919 base)

103
93

110
84

127
84

124
84

TRANSPORTATION :
Net freight ton-mile operation
Car loadings (monthly total)
Net available car surplus (end
of mo.) _ _

115
119

108
116

115
122

25

139

146

PRODUCTION:
Manufacturing (64 commodities— Adjusted) 1
_
Raw materials, total
Minerals
Animal products
Crops
Forest products
Electric power.
_ _ _
Building (awards — floor space)--

PRICES (recomputed to 1919 base) :
Producers', farm products
Wholesale, all commodities
Retail food
Cost of living (including food)

1

1935

PER CENT INCREASE (+)
OR DECREASE (— )

1926

May

June

July

May

June

July

See p. 28, Jan., 1925, issue (No. 41), for details of adjustment.

COURSE OF BUSINESS IN JULY
GENERAL CONDITIONS
Industrial output as a whole in July declined slightly
from a year ago, although such important factors as
pig iron, steel ingots, copper, cement, and coal
gained in production. A decline in production occurred in most industries, as compared with June,
in accordance with the usual seasonal conditions.
Building awards in July were smaller than in June
and also less than a year ago. Carloadings in July,
however, showed a heavier freight movement than
last year. Unfilled steel orders turned upwards for
the first time this year.
Prices at wholesale, at retail, and at the farms averaged lower than in June and considerably less than a
year ago. Retail trade, as seen from mail-order and
7135—26t
2




chain-store sales, was considerably higher than a year
ago, but wholesale trade showed a slight decline.
Check payments in July were also larger than a year
ago, in spite of the lower level of prices.
Interest rates, both on time and call money, were
somewhat stronger in July than a year ago, while
loans and discounts of member banks of the Federal
reserve system were substantially larger. The Federal reserve ratio at the end of July was higher than
at any time within the last 12 months. Prices of
stocks continued to average higher, both as compared
with June and a year ago. Smaller liabilities were
reported by failing firms than a year ago, although
increasing over June.

10
SUMMARY OF INDEXES OF BUSINESS
Manufacturing output in July declined from June, higher, due almost entirely to the large increase in
though increases were recorded in the chemical, raw materials, especially foodstuffs, as manufactured
clay-products, and tobacco groups. Compared with commodities other than foodstuffs declined.
a year ago, the decline in manufacturing was less but
SALES
of wider fluctuations, increases of 9 per cent or more
The index of unfilled orders for iron, steel and
in the iron-and-steel, paper, foodstuffs, and claybuilding materials remained unchanged on July 31
products groups being balanced by decreases of 9 per
cent or more in the leather, nonferrous metals, and from the previous month, iron and steel orders
miscellaneous groups, the latter declining 16 per cent. increasing while building materials declined. The
Raw-material output increased 17 per cent over index was slightly lower than a year ago, iron and
both June, 1926, and July, 1925, due to the large steel increasing slightly while building material unincrease in crop marketings. Mineral output in- filled orders dropped off considerably.
The index of wholesale trade declined from June,
creased slightly over both periods, declines from June
only dry goods showing an increase, and a decline
occurring in anthracite coal, zinc, and silver and,
from a year ago, in petroleum, anthracite coal, and was also noted from July, 1925, although shoes and
silver. In spite of wool receipts almost doubling, drugs made increases. Sales of mail-order houses
and a smaller increase in the fish catch, animal market- showed a seasonal decline from June but were mateings were less than in June, but increased over a year rially higher than a year ago. Cigar, grocery, drug,,
ago, declines occurring only in cattle and milk. Large and candy chains showed increased sales over June,
increases in the marketings of grains and fruits were while ten-cent, shoe, and music chains declined, but
responsible for the increase in crop marketings over all were above the July, 1925, figures. Departmentboth periods, other groups declining, except for a gain store sales were seasonally lower than in June but
in vegetable marketings over a year ago. Forest exceeded a year ago, while stocks were slightly larger
products declined in output from both periods, than July 31, 1925.
PRICES
although gum and distilled wood showed increases.
A decline occurred in the prices received by farmers
COMMODITY STOCKS
in July, all groups except dairy and poultry and the
Commodity stocks, when corrected for seasonal unclassified participating therein, the latter group
variation, increased slightly over June, although raw remaining unchanged. Compared with a year ago,
materials, other than foodstuffs, declined. Com- all groups, except fruits and vegetables and meat
pared with July, 1925, stocks were considerably animals, declined in price.
RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average = 100. Adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders are principally thoseof iron, steel, and building materials. July, 1926, is latest month plotted]




1,1
The wholesale-price index declined from the June
average, although metals and building materials
showed increases, while the chemical and miscellaneous groups were unchanged. Compared with a
year ago, the index was 6 per cent less, only fuels and
building materials being higher, while the metals
group was unchanged. The commercial wholesale
price indexes also show slight declines from June and
considerable decreases from a year ago.
The cost-of-living index also declined one point
from June, declines in food and clothing offsetting an
increase in sundries, while shelter, fuel, and light

remained unchanged. Compared with a year ago,
the index declined 2 per cent, fuel alone showing an
increase.
EMPLOYMENT

The index of employment declined from June but
was higher than a year ago. The leather group alone
increased over June, while, compared with July, 1925,
increases occurred in the iron and steel, paper,
chemicals, stone, clay, and glass products, vehicles
and miscellaneous groups. The pay-roll index also
declined from June and increased over a year ago.

COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS
WITH INDEX OF ALL COMMODITIES AT WHOLESALE
[IT. S. Department of Labor index numbers. Relative prices, 1913=100. July, 1926, is latest month plotted]

1919




1920

1921

1922

I

1923

1924

1925

12
REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE

month previous and unfilled orders much higher,
Wool receipts at Boston increased in July in a sea- except again for pajama checks and osnaburgs.
sonal movement with the influx of the new domestic The production of fine cotton goods in the New
clip. Total receipts were ahead of July, 1925, not- Bedford district declined both from June and a year
withstanding a decrease in foreign receipts, which ago. .
were also less than in June of this year. Imports of RAW COTTON CONSUMPTION IN COTTON GROWING AND ALL
OTHER STATES
wool continued to decline and were 40 per cent less
[July, 1926, is latest month plotted]
than a year ago.
TEXTILES

WOOL IMPORTS (GREASE EQUIVALENT) 1
1924

1925

1926

MONTH

Thousands of pounds
January
February
March
April

..

..

May
June
July
August

September
October
November
December

38, 350
48,044
47, 962
32, 802

-

-

--

--

- _ _ _
.

-_.

57, 959
45, 334
44,423
33, 550

54,130
41, 761
55, 618
37, 822

21,442
17, 967
6,943
10,476

25,647
23,318
26,632
42, 552

27, 151
13, 653
13, 958

16, 263
20, 403
20, 511
41, 519

23, 670
29, 941
31, 114
27, 910
'1919

|

,920

' I " ',92V

I '

1922'

I

',923

|' ' ' 9 4 " ' | " '|92g
,2

j " ' ','g;

1

Through the segregation of figures on grease and scoured wool since the beginning of 1924 in the reports of the U. S. Department of Commerce Bureau of Foreign
and Domestic Commerce, it is now possible to present import figures on wool in
grease equivalent, similar to the consumption and stock figures. Scoured wool is
multiplied by 2 to get grease equivalent in that conversion.

The consumption of wool by textile mills was
slightly less than in June and also lower than a year
ago; the activity of wool machinery was correspondingly lower than in the previous periods. Prices of
raw wool averaged higher than in June while wool
products showed no change; both wool and its products were lower in price than a year ago.
The August 16 estimate of the 1926 cotton crop by
the Department of Agriculture showed a decline
from the August 1 figures and was about the same as
the 1925 crop. Raw-cotton imports declined from
June but increased over a year ago, while exports
increased over both periods, exceeding the July, 1926,
total by 80 per cent. On the other hand, less cotton
was consumed in textile mills than in either previous
period. The activity of cotton spindles was correspondingly lower, especially when the hours of
activity are considered. Cotton stocks, both for the
United States and for the world, declined seasonally
during July but were considerably higher than on
July 31, 1925. Cotton prices received by the producer averaged less than in June and the New York
market quotations showed little change, but both
declined from 25 to 34 per cent from a year ago.
Except for a considerable increase in unfilled orders,
cotton-finishing statistics were generally lower than
in either June, 1926, or July, 1925, although orders
increased over June and shipments over July, 1925.
The production of cotton goods was less in July than
in June, except for pajama checks and osnaburgs.
Stocks on July 31 were generally much less than a




SPINDLE ACTIVITY IN COTTON MILLS
[July, 1926, is latest month plotted]
10,000
9,000
800
.0
7,000

^SZ!

STATES TOTAL

J

VAA

^C7^

6,000
GROWING

STATES

D 5,000
O

XT

x

u 4,000
Q

L OTHER

\J\

STAT

\

fe 3,000

1922

1923

1924

1925

WHOLESALE PRICES OF TEXTILES AND CLOTHING
[July, 1926, is latest month plotted]

13

Cotton-cloth exports increased over both periods
but the seven-month total was still less than the
corresponding 1925 period. Elastic-webbing sales increased over June but declined from a year ago.
Cotton-goods prices were, in general, slightly less than
in June, with greater declines noted from July, 1925.
Imports of silk, while only slightly higher than in
July, 1925, were the largest since February of this
year. Deliveries from warehouses were also the
largest since February but declined from a year ago,
both as respects July and the seven-month total.
Warehouse stocks continued to decline and were considerably less than a year ago. The price of silk
averaged less than in both previous periods.
Burlap and fiber imports increased both over June,
1926, and July, 1925. Production of fresh-water
pearl buttons declined from June and was slightly
greater than a year ago, while stocks were slightly less
than at either previous period. Dividends of both
Fall River and New Bedford cotton mills were less
in the second quarter of 1926 than in the corresponding 1925 quarter,
IRON AND STEEL

Although July shipments of iron ore were larger
than a year ago, the total movement for 1926 was still
less than the corresponding 1925 shipments. Stocks
on Lake Erie docks on July 31 declined from a year
ago. Pig-iron production showed little change from
June in both the United States and Canada but considerable increases over a year ago, Canadian output
trebling. The merchant furnaces made a greater
comparative increase than the steel plants in pig-iron
output over the seven-month cumulative for 1925.
Slightly fewer furnaces were in blast at the end of
July than at the end of June and the increase over a
year ago was somewhat less than the increase in pigiron output. Pig-iron prices averaged less than in
June but the trends from a year ago were mixed.
Steel-ingot production was slightly lower than in
June but increased over a year ago, both for July
and the seven-month total. Canadian steel production showed similar comparisons but with relatively
larger fluctuations. Unfilled orders of the United
States Steel Corporation turned upward in July and
were slightly above those registered a year ago.
Bookings of steel castings were considerably larger
than in either the previous month or a year ago, while
production showed little change from June. Production and stocks of steel sheets declined from June but
shipments, sales, an'd unfilled orders increased. Compared with a year ago, all factors increased except
production. Production, shipments, stocks, and unfilled orders for steel barrels were less than in June
but higher than a year ago, except for stocks. Steel




prices remained about the same as in June, though
structural beams were quoted higher.
Bookings of fabricated structural steel were somewhat smaller than in June and a year ago, while shipments increased over both periods. Bookings for the
fabrication of steel-plate work were considerably lower
than in June but higher than a year ago, the total to
date being 32 per cent higher than the 1925 corresponding period. Steel-furniture orders and shipments
declined from June but unfilled orders rose. Compared with a year ago, orders, shipments, and unfilled
orders all increased. A large increase in iron and steel
imports and a correspondingly large decline in exports
caused imports of iron and steel to exceed exports for
the first time since total export figures have been
available in quantities.
Machine-tool orders were slightly lower than in
June but considerably larger than a year ago. Stoker
sales declined from both comparable periods. Vacuum-cleaner sales for the second quarter of the year
increased over the previous quarter and the corresponding quarter of 1925, while the six-month total
was 18 per cent larger than for the first half of 1925.
Fewer patents were issued in July than a year ago.
AUTOMOBILES

Automobile production declined from June and was
slightly less than in July, 1925, but, for seven months
of the year, passenger-car output was 8 per cent ahead
of 1925 and trucks 9 per cent higher. Exports increased over June and over a year ago, the increase in
truck and accessory shipments being particularly
noticeable. Exports from Canada declined except for
truck exports from a year ago. Shipments of electric
industrial trucks and tractors declined from June.
DOMESTIC PUMPS AND WATER SYSTEMS: 1926
SHIPMENTS
ITEM AND MONTH

Number
of units
Total:
January
February
March
April
May
June

Stocks,
end of
month
(in units)

7,004
8,490

5 915

$540, 658
343, 502
471, 539
475, 676
578, 854
713, 774

5,144
5,660
6,092
6,254
6,142
5,067

646
541
587
709
755
1,123

57, 417
45, 034
61, 125
76,412
85, 200
129, 409

824
713
635
642
746
516

5,626

_

_

4,510

_

_.

Electrically driven:
Deep- well —
January...
_
February
March
April
May
_
June
Shallow-well:
Piston typeUnder 500 gallons per hourJanuary
February
March
April
May
June
1
Data reported to the Bureau of the Census by 21
figures and published in monthly press releases.

Net sale
price

1

5,856

3,201
340, 279
253, 880
3,736
4,319
347, 570
334, 735
4,574
4,312
4,319
4,934
401, 156
3,729
449. 850
5.837
manufacturers revising previous

4,296
3,237
4,347

14
DOMESTIC PUMPS AND WATER SYSTEMS: 1926—Continued
SHIPMENTS
ITEM AND MONTH

Net sale
price

Number
of units

Shallow-well— C ontinued .
Piston type— Continued.
500 gallons per hour and overJanuary
February
March
- April
May
June
-- All other typesJanuary
February
March
April
- - -_
M!ay
June
Gasoline-engine driven, pneumatic:
January
February
M^arch
April
May
June
Hand-operated, pneumatic:
January
February
- March
April
May
June

Stocks,
end of
month
(in units)

261
140
287
238
318
421

$32, 746
24, 294
30, 458
29, 927
37, 658
53, 536

389
398
395
377
485
345

63
136
221
364
621
752

5, 527
7,607
14, 687
20, 565
33, 862
58, 875

91
105
136
171
152
110

199
148
231
202
256
291

13, 260
10, 078
16, 213
13, 251
19, 748
21 , 355

1,429
2,609
1,486
806
1,230
749

252
236
160
171
121
75

--

-'-

The following table shows the total sales and production of farm equipment by manufacturers during
the past four years, as compiled by the Bureau of the
Census in its annual tabulation of farm equipment
manufacturers.
FARM EQUIPMENT PRODUCTION AND SALES

CLASS AND YEAR

Total, all groups:
1925
1924
1923
1922

Production

981
949
1,135
986

Machinery for plowing, harrowing, rolling, planting, and cultivating:
1925
1924 _
...
1923
_
1922
Machinery for harvesting and ;
haying:
1925
1924
.
_-__ _ ._
1923
1922

Machinery for preparing crops I
for market or use:
!
1925
1924
1923
1922
Tractor and tractor engines:
1925
1924
.
1923
1922

Horse-drawn vehicles, barnyard |
and miscellaneous equipment:
1925
1924
1923
1922




MANUFACTURERS' SALES

Number of
establishments

'

-_

Copper production, at all stages, showed slight
changes from either the previous month or a year ago.
Domestic shipments of refined copper declined slightly
from June but exceeded the July, 1925, total. Exports declined from both periods. Stocks of copper
in North and South America declined slightly during
July, refined stocks being considerably less than a
year ago while blister stocks were higher. The price
of electrolytic copper averaged higher than in June.

387
472
447
319
319
292

161
308
183
90
120
66

NONFERROUS METALS

Domestic

For export

$383, 736, 736
323, 367, 127
364,854,106
209, 639, 897

$332, 845, 204
277, 924, 547
311,976,047
222, 907, 764

$64, 934, 212
51,938,372
49, 349, 294
21,663,241

64, 655, 082
54, 987, 347
58, 670, 026
22, 943, 817

58, 476, 485
48, 194, 598
52, 857, 538
27, 498, 664

12,331,327
8,811,360
6, 755, 546
2,401,641

43, 875, 525
45,519,015
41,781,372
19, 446, 576

35, 706, 703
27. 007, 211
31,050,479
20, 073, 031

12, 520, 480
15, 768, 755
12, 877, 557
3, 481, 210

27, 696, 672
23,681,790
30,761,122 \
18,293,848 i

27, 084, 834
19,533,000
22, 918, 124
19,873,381

4, 032, 886
2, 834, 092
5, 838, 104
3, 486, 997

120, 558, 518 ;!
83, 052, 947
93. 782, 550 '•
53, 242, 822
'

92, 596, 661
74, 538, 731
77, 418, 955
53, 860, 771

27, 537, 859
16, 810, 311
14, 681, 512
8, 680, 948

126, 950, 939 i 118,980,521
116,126,028 < 108,651,007
139,859,036
127, 730, 951
95, 712, 839 i 101,601,917

8,511,660
7, 763, 854
9, 196, 575
5, 612, 445

COPPER PRODUCTION AND EXPORTS
[July, 1926, is latest month plotted]

Sales of tubular plumbing goods increased over
June but declined in quantity from July, 1925.
Wholesale prices of plumbing fixtures continued to
decline. Orders and shipments of brass faucets increased over June but declined from a year ago. In
shipments of fire-extinguishing equipment, motor
vehicles declined from both periods, while hand
extinguishers showed little change.
Tin deliveries increased both over June and over a
year ago. Stocks in the United States increased over
both periods, while world stocks were less. Imports
of tin into the United States also increased over both
periods and the price rose.
TIN: IMPORTS, VISIBLE SUPPLY, AND DELIVERIES TO MILLS
[July, 1926, is latest month plotted]

15
PRODUCTION OF BITUMINOUS .AND ANTHRACITE COAL

Production of zinc increased s ightly over the previous month and a year ago, while on July 31 there
was a gain of 9 per cent over the previous month in
retorts in operation. Zinc stocks declined from June
but increased over a year ago. Ore shipments from
the Joplin district increased over both previous periods
but ore stocks declined. The price of zinc averaged
higher than in June,

[July, 1926, is latest month plotted]

RELATIVE PRODUCTION AND STOCKS OF ZINC
[1913 monthly average=100. July, 1926, is latest month plotted]

1920

192!

1922

1923

1924

1925

1926

Coke production in both the United States and
Canada increased over June, as well as over a year
ago, and exports gained over both periods also. The
price of furnace coke averaged higher than in June.
PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE
[July, 1926, is latest month plotted]

Orders, shipments, stocks and unfilled orders of
enameled sanitary ware declined from June and, except for stocks, were also less than a year ago. Bandinstrument sales were less than in June but higher
than a year ago.
Bookings of the principal electrical manufacturers
decreased in the second quarter of the year from the
first quarter but increased over the corresponding 1925
quarter, the half year showing a gain of almost 9 per
cent. Orders and shipments of electric hoists declined
in July from both the previous month and from July,
1925.
FUELS

Bituminous-coal production increased over June
and also over a year ago, the seven-month total showing a gain of 13 per cent. Exports gained considerably over both previous periods, as did consumption
by vessels. Consumption of coal by coke plants was
slightly larger than in June and considerably higher
than a year ago, especially in Canada. Bituminouscoal prices tended to increase slightly over June.
Anthracite production declined from June and was
slightly larger than in July, 1925. Exports increased
slightly over June but declined from last year. Prices
showed little change from June.




I 5

Petroleum production continued to increase, as did
exports of gasoline. Less gas and fuel oil was consumed by vessels than in June but more than a year
ago. Price changes in the petroleum industry were
mixed, crude and gasoline showing no change, gas and
fuel oil averaging higher than in June and kerosene
and lubricating oil lower.
HIDES AND LEATHER

Imports of hides and skins were smaller than in
June but larger than a year ago, cattle hides declining
from both periods. Hide prices averaged higher than
in June but considerably lower than a year ago.
Output of sole and harness leather declined both
from June and a year ago, while unfilled orders for
harness leather increased over both periods. Exports

16

of sole leather declined from June while upper leather
showed an increase; both classes increased over July,
1925, though for the seven-month period sole leather
exports declined from 1925. Sole-oak leather prices
declined from June, chrome calf remaining unchanged.
Shoe production declined both from June and from a
year ago and prices in general were lower. Exports of
shoes increased over both comparative periods.

NEWSPRINT PAPER PRODUCTION AND MILL STOCKS
[July, 1926, is latest month plotted]

RUBBER

Imports of rubber increased both over June and
a year ago, the seven-month total showing a gain of
8 per cent over the 1925 period. Quarterly data
show declines in rubber consumption from both the
first quarter of 1926 and the second quarter of 1925,
while stocks of rubber increased slightly over March 31
and 24 per cent over a year ago, in spite of declines
from both periods in holdings by dealers and importers.
The price of rubber continued to decline and for
July was less than half as high as a year ago.
Except for solid tires, production, stocks, and shipments of tires and tubes declined from June, though
shipments of inner tubes also gained. Compared with
a year ago, production and shipments declined while
stocks were much larger. Operations of reclaimers
for the first half of the year were over 50 per cent
greater than in the 1925 period, stocks of both scrap
and reclaimed rubber on June 30 also showing gains
of over 50 per cent from the previous year.
PAPER AND PRINTING

Wood-pulp imports declined from June. Compared
with a year ago, mechanical-pulp imports gained while
chemical pulp showed a decline. The price of sulphite
pulp remained unchanged.
Newsprint production declined from June in the
United States but increased in Canada; in both cases
large increases were noted over a year ago. Shipments from mills showed little change from June but
increased considerably over a year ago in both
countries. Stocks at United States mills declined
from June, while at Canadian mills increases were
noted; in both cases stocks were far below those
carried a year ago. No change was noted in newsprint prices.
The production of paperboard shipping boxes
increased slightly over June and was considerably
larger than a year ago.




BUILDING CONSTRUCTION AND HOUSING

A seasonal decline in rental advertisements was
shown in July, but in both recording cities, Minneapolis and Portland, Oreg., the linage surpassed slightly
the July, 1925, figures.
Building costs were about the same as in June, the
material index increasing slightly as of July 1, while the
indexes for brick construction, with steel frame, and for
reinforced-concrete construction declined. The other
building-cost indexes remained unchanged.
Contracts awarded for building construction were
less than in June and also less than a year ago, in both
floor space and value, but still exceeded 1925 for the
seven-month total. Increases over June, however,
were made in industrial and educational-building
contracts, while public-utility awards increased in
value. Compared with July, 1925, industrial-building
contracts increased in both floor space and value and
utility contracts in value. Canadian building contracts awarded totaled much less than in June but were
half again as large as in 1925 both for July and for
seven months.
An increase in fire losses was noted over both June
and a year ago, the seven-month cumulative alsa
showing an increase over the 1925 period.
LUMBER PRODUCTS

Production of most species of lumber was lower in
July than in June, although southern pine and northern
pine showed no change. Declines also occurred from
July, 1925, except in Douglas fir and hardwoods.

17
Lumber shipments increased over June for southern
pine, western pine, northern pine and hardwoods,
while Douglas fir, cypress, California pine and redwoods
declined. Compared with a year ago, southern pine
and Douglas fir had smaller shipments but other
species showed increases. New orders were generally
less than in June, though southern pine showed an
increase. Redwood and hardwoods alone reported
increased orders over July, 1925. Stocks in general
were slightly less than in June, oak and California pine
being exceptions, while stocks were higher than a year
ago, except for southern pine and gum. Unfilled
orders for cypress increased over the end of June while
hardwoods declined; hardwood unfilled orders were
considerably above these recorded on July 31, 1925,
however. Exports of lumber declined from June and
from a year ago. No change was noted in Douglasfir lumber while southern-pine flooring declined. Hardwood prices declined while softwoods, as a whole, were
unchanged.
Production of oak flooring increased over June but
maple flooring declined; both were higher than a year
ago. Stocks of both classes declined from June but
increased over July 31, 1925, while unfilled orders were
slightly less than a month previous and considerably
lower than a year ago.
Production of barrel headings was materially increased over June, as were sales, while unfilled orders
and stocks both declined slightly from June 30.
ORDERS FOR ENAMELED BATHS AND CONTRACTS AWARDED FOR
RESIDENTIAL CONSTRUCTION IN 27 NORTHEASTERN STATES
[July, 1926, latest month plotted]

STONE, CLAY, AND GLASS PRODUCTS

Face-brick production increased over both the previous month and a year ago, while shipments declined
from June and were about the same as in July, 1925.
Stocks and unfilled orders showed slight increases over
the end of June and much greater gains over July 31,
1925.
Paving-brick production increased over June but declined from July, 1925. Shipments, new orders, and
unfilled orders increased over both periods while stocks
and cancellations were less.
Bookings of architectural terra cotta were materially
larger than in either June, 1926, or July, 1925.
7135—26f
3



Orders, shipments, stocks, and unfilled orders of vitreous-china plumbing fixtures declined from June and
increased over a year ago, except for unfilled orders.
Cement production increased slightly over June but
shipments and stocks declined. Compared with a
year ago, production and shipments were somewhat
larger while stocks increased by 24 per cent. Cement
prices showed no change. A slight increase occurred
over June in awards of concrete-paving contracts, but
awards were less than a year ago.
Orders and production of glass containers increased
over June while shipments, stocks, and unfilled orders
declined.
CHEMICALS AND OILS

Sulphuric-acid exports were much larger than in
either June, 1926, or July, 1925, while prices were unchanged. Imports of nitrate of soda and potash both
increased considerably over June but were smaller
than a year ago. Fertilizer consumption in Southern
States was materially higher than in July, 1925, while
exports declined. Exports of vegetable dyes declined
both from June and a year ago, while coal-tar dyes
were exported in greater quantity. Outside of declines in the index numbers of essential oils and oils
and fats, the prices of chemicals and oils were generally stable.
The refining of methanol increased over June and
over a year ago, stocks of refined increasing over
June and declining from July, 1925, while crude stocks
held by refiners were considerably less than at either
previous period.
Receipts of turpentine and rosin increased slightly
over both previous periods, stocks increasing over June
in both cases while declining from a year ago. Prices,
of both naval stores increased.
Exports of vegetable oils increased slightly over June
but were 64 per cent less than a year ago. Imports increased considerably over both periods. Cottonseedoil production for July and stocks on July 31 were
higher than a year ago, while cottonseed stocks were
lower. Flaxseed receipts at Minneapolis and Duluth
declined from July, 1925, and stocks increased.
Monthly data on sales of animal glues are presented,
in the following table:
SALES OF ANIMAL GLUES 1
[Actual shipments]
Total glue
(pounds)

MONTH

January
February
March _
April
May
June.- July

-

-

______

7, 269, 774
7, Oil, 753
6, 942, 696
7, 524, 610
6, 012, 764
6, 225, 945

Bone glue
(pounds)
3, 286, 915
2, 962, 909
2, 733, 921
3, 224, 568
2, 342, 191
2, 350, 679

Hide glue
(pounds)
3, 982, 859
4, 048, 844
4, 208, 775
4, 280, 042
3, 670, 573
3, 875, 266

1
Compiled by the National Association of Glue Manufacturers from reports of 15
companies estimated to represent 70 per cent of the output of the glue industry.
Figures shown do not include sales to members, owing to duplications.

18
COMPARISON OF CHEMICAL PRICES BY GROUPS
f July, 1926, is latest month plotted]

CEREALS

The visible supply of wheat at the end of July
was 35 per cent greater than a year ago. Receipts
and shipments of wheat at the interior markets were
each larger than in July, 1925, with the total receipts
for the first seven months recording an increase of
18 per cent over the corresponding period of the previous year. Shipments of wheat from the principal
markets during the seven-month period, however,
were 17 per cent smaller than during the same period
of 1925. Exports of wheat in July were double those
of June and 73 per cent greater than a year ago.
For the first seven months of this year wheat exports, however, were 18 per cent smaller than during
the same period of last year. Prices of wheat averaged lower than last year and for No. 2 red winter
lower also than in the previous month.
Exports of wheat flour in the United States were
larger in July than in either the preceding month or
a year ago, but the seven-month total was 24 per
cent smaller than in 1925. Wholesale prices for
wheat flour, standard patents, averaged higher than
in either the preceding month or a year ago with
prices for winter straights showing declines for both
of these periods.
Wheat and flour stocks held by flour mills at the
end of each quarter are shown in the following table:
STOCKS OF WHEAT AND WHEAT FLOUR HELD BY MILLS l

DATE

June 30, 1925
Dec. 31, 1925
Mar. 31, 1926
June 30, 1926
1

Wheat
(in bushels)
32, 313, 691
103, 108, 573
64, 639, 284
35, 834. 316

Wheat flour
(in barrels)
3, 346, 913
4, 584, 411
3, 888, 377
3, 121, 724

Compiled by the U. S. Department of Commerce, Bureau of the Census, from
reports of companies operating about 1,000 mills representing about 88 per cent of
the total wheat-flour output, according to the census of manufactures, 1923. These
stocks include all wheat and flour held by mills, whether in mills, elevators, or
in transit. Details for wheat stocks by class of elevator, etc., are shown in press
releases.




The visible supply of corn at the end of July was
almost four times as large as a year ago. Corn receipts and shipments at the principal markets during
July were likewise larger than in the same month of
1925. Grindings of corn for the manufacture of starch
and glucose, although smaller than, in the preceding
month, were 41 per cent larger than a year ago. Exports of corn, including meal, were 61 per cent larger
than in July, 1925, with the aggregate outward movement during the first seven months showing an increase of more than 200 per cent. Prices for corn,
although 25 per cent below a year ago, averaged
higher than in June.
The visible supply of oats at the end of July was
23 per cent larger than a year ago, receipts of oats at
the principal interior markets being smaller than during either the preceding month or July, 1925, with
the seven-month total showing a decline in receipts
amounting to 20 per cent. Exports of oats, including meal, were likewise smaller than in either the preceding month or July, 1925, with a similar decline in
the seven-month total. Prices for oats averaged
higher than in the previous month but were lower
than in July, 1925.
The visible supply of barley on July 31 was more
than twice as large as a year ago. Barley receipts,
however, showed a decline of more than 50 per cent
from July, 1925, with the aggregate for the first seven
months recording a decrease of 21 per cent from the
corresponding period of last 37ear. Barley exports,
although larger than in June, were 29 per cent smaller
than in July, 1925, with a similar decline noted in the
total for the seven months ending July. Prices for barley, although higher than in June, averaged 18 per cent
below the prevailing quotations of a year earlier.
The visible supply of rye at the end of July was more
than two and one-half times as large as a year earlier.
Rye receipts were twice as large as in July, 1925, but
the seven month's total was 37 per cent smaller than
during the same period of the previous year. Exports
of rye were smaller than in July, 1925, with a decline
of 67 per cent in the seven month's total.
Receipts of southern paddy rice at mills were larger
than a year ago, making the total for the first seven
months 180 per cent greater. Shipments of rice from
mills also recorded an increase over a year ago, both
as compared with July and the seven-month period.
Rice stocks at the end of July were eight times as large
as a year ago. Rice exports and imports were also
larger than in July, 1925, with the import movement
showing an increase also in the seven-month total,
amounting to more than 100 per cent.
FRUITS AND VEGETABLES

Car-lot shipments of potatoes were larger than a year
ago but onion shipments showed a decline. Fewer
carloads of potatoes were shipped during the first

19
seven months than during the same period of last year
with a greater number of carloads in the case of
onions. Shipments of citrus fruits were larger than
last year, both as compared with July and the sevenmonth total.

RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT
PRIMARY MARKETS
[1919 monthly average=700. July, 1926, is latest month plotted]
300
200

MEATS AND DAIRY PRODUCTS

Receipts, shipments, and local slaughter of cattle and
calves at the primary markets were less than for either
the previous month or for July, 1925. The movement
and slaughter of hogs also declined to a considerable
extent from the previous month, although receipts and
local slaughter were each larger than a year ago.
Similar declines from June were recorded in the movements and slaughter of sheep and lamb, the receipts
and shipments, however, being larger than a year ago.
Cold-storage holdings of beef, mutton, and lamb were
smaller and those of pork larger than at the end of the
previous month; holdings of beef and pork, on the
other hand, were smaller, and those of mutton much
larger than a year ago. Prices of beef cattle and ewes
were higher than for June, while those of corn-fed
cattle, lamb, and pork declined. All prices were less
than a year ago by from 3 to 18 per cent.
Receipts and cold-storage holdings of poultry were
slightly less than for June, receipts being greater and
cold-storage holdings less than a year ago. Coldstorage holdings of fish, on the other hand, were considerably larger than at the end of either prior period.
Receipts of butter were less than for either the previous month or a year ago, and receipts of cheese,
while larger than in June, much smaller than a year
ago. Cold-storage holdings, both of butter and of
cheese, were considerably larger than at the end of
either prior period. Receipts of eggs declined seasonally from the previous month but were slightly larger
than for July, 1925. Cold-storage holdings of eggs
continued to increase seasonally but were 2 per cent
less than a year ago.
CATTLE AND CALVES: RECEIPTS, SHIPMENTS, AND LOCAL
SLAUGHTER

20

SUGAR, COFFEE, AND TEA

Imports of sugar continued to decline seasonally
and were also less than in July, 1925. For the year
to date sugar imports were only slightly less than for
the corresponding month of last year, the increase
in imports from Hawaii and Porto Rico being insufficient to offset the decline in imports from Cuba and
other foreign countries. Meltings of sugar were less
than for either the previous month or for July, 1925,
and stocks, while declining sharply from the previous
month, exceeded by 32 per cent those reported a year
ago.
RAW CANE SUGAR: TOTAL IMPORTS, MELTINGS AND REFINERY
STOCKS
[July, 1926, is latest month plotted]

[July, 1926, is latest month plotted]




AREFINERY STOCKS

20

Imports of coffee were substantially larger than in
June and almost as great as a year ago. The visible
supply both for the United States and the world also
exceeded that for the previous month but was less
than a year ago. Total receipts of coffee in Brazil
were 19 per cent larger than for the previous month
but were slightly less than a year ago. Clearances of
Brazilian coffee for the United States exceeded those
of the previous month by 28 per cent but were 7 per
cent less than in July, 1925. Imports of tea increased
seasonally but were 6 per cent less than a year ago.
WATER TRANSPORTATION

Clearings of vessels engaged in foreign trade were
considerably larger than for either the previous month
or for a year ago. Traffic through the Sault Ste.
Marie Canals continued to increase and was considerably larger than a year ago. Traffic on the Mississippi and Ohio Rivers, on the other hand, declined
from the previous month, although exceeding last
year's figures. The tonnage of ships completed during
July was much smaller than either in June or a year
ago, the seven-month total this year also .being
considerably less than for the corresponding period
of 1925.

DISTRIBUTION MOVEMENT

Sales by mail-order houses declined from the previous month, but were substantially larger than a year
ago. The sales by the four largest ten-cent chain
stores showed an increase over the previous month and
were considerably larger than a year ago. Chain
cigar-store sales showed a similar tendency, although
those of music and restaurant chains declined from
June. Newspaper and magazine advertising exhibited
a sharp seasonal decline from the previous month but
exceeded the total of the corresponding month of last
year. Postal receipts at the principal cities declined
from the previous month, while those for the important
industrial cities were larger than in June, postal receipts
from both types of cities being larger than a year ago.
Delinquent accounts in the electrical trade were substantially less than in either the previous month or a
year ago.
SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES
[July, 1926, is latest month plotted]

RAILROADS

Carloadings for the five weeks ending in July
exceeded those of the corresponding weeks of 1925 by
6 per cent, all classes of freight participating in the
increase. The average weekly carloadings in July were
very little larger than those of June, most of the apparent increase from the previous month being due
to the additional week's figures included in the July
totals. Surplus freight cars continued to decline and
were 25 per cent less than a year ago. Shipments of
railway locomotives by manufacturers were less than
in June but considerably greater than a year ago.
SURPLUS, SHORTAGE AND BAD-ORDER FREIGHT CARS
[July, 1926, is latest month plotted]




LIFE INSURANCE

The number of new ordinary life-insurance policies
sold, as reported by 45 companies, was considerably
less than in June and the amount of insurance also
declined. The number of new policies was slightly
less than a year ago, although the total insurance
represented exceeded that of July, 1925, by 6 per cent.
The decline in sales of new insurance was quite
generally distributed over the entire country, the
smallest decline from the previous month being 5
per cent in the eastern manufacturing district, while
the largest decline was in the western agricultural
district.

21
SALES OF ORDINARY LIFE INSURANCE, BY GEOGRAPHICAL
DIVISIONS
[July, 1926, is latest month plotted]
1,000
800

600

although they were larger than those reported a
year ago. Deposits, loans and discounts, and investments of the Federal reserve member banks all declined from the previous month but each exceeded
those of a year ago. Brokers' loans by member
banks in New York City, on the other hand, were
slightly larger than in June. The interest rate both
on call loans and on commercial paper averaged higher
than during either the previous month or July, 1925.
BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS
[July, 1926, is latest month plotted]

40
1 UNITED STATES TOTAL
2
3
4
5
6

20

10

EASTERN MANUFACTURING
WESTERN MANUFACTURING
WESTERN AGRICULTURAL
SOUTHERN
FAR WESTERN

LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS
1922

1923

1924

1925

1926

[July, 1926, is latest month plotted]

|

BANKING AND FINANCE

Check payments and bank clearings in New York
City declined 2 per cent from the previous month's
totals but exceeded those for July, 1925. The region
outside New York, on the other hand, showed increases both over the previous month and a year ago.
The reserve ratio of the Federal reserve banks increased over the previous month but was 1 per cent
less than a year ago. Bills discounted and total reserves of the banks also increased over June, while
notes in circulation and total investments declined,




1921

Business failures were less than in June, although
liabilities were slightly greater, in spite of a decline in
the liabilities of failing trade establishments. Compared with a year ago, failures were less, in both
number and liabilities, increases occurring only in
manufacturing establishments as regards liabilities and
in agents and brokers as regards number of failures.
Prices of stocks averaged slightly higher than during
June and considerably higher than a year ago. The
number of shares sold, on the other hand, declined
from both the previous month and July, 1925. Bond
prices declined from the previous month but were
slightly higher than in June, 1925.

22
NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES
[July, 1926, is latest month plotted]

countries advanced. Compared with a year ago exchange rates with Europe were the same or less
for all countries, while rates of exchange with the other
important countries increased in every case except
that of India. Very sharp declines in the rate of
exchange both from the previous month and a year
ago took place in the case of both the Belgian and
the French francs.
Total imports were slightly larger than in June and
4 per cent greater than a year ago. Exports, on the
other hand, exceeded those of the previous month and
of June, 1925, by 9 per cent.
IMPORTS AND EXPORTS OF MERCHANDISE
[July, 1926, is latest month plotted]

GOLD AND SILVER

Domestic receipts of gold at the mint exceeded those
of the previous month by 21 per cent but were less
than the receipts in July, 1925. Imports and exports
of gold also increased over the previous month and
were much larger than a year ago. The Rand output,
on the other hand, was only slightly larger than in
June but in excess of a year ago. Silver production
declined both from the previous month and from July,
1925.
GOLD TRADE BALANCE, SHOWING EXCESS OF IMPORTS OR
EXPORTS
[July, 1926, is latest month plotted]

PRELIMINARY RETURNS, CENSUS OF MANUFACTURES, 1925
VALUE OF PRODUCTS

INDUSTRY

1925

1933

Thousands of
dollars

FOREIGN TRADE AND EXCHANGE

European rates of exchange with England and the
Latin countries declined from the previous month
while rates with the Asiatic and South American




Chocolate and cocoa products.
Felt goods. . . .
_
Printing ink
Children's carriages and sleds..
Pulp goods
Mucilage, paste, and other adhesives . __ . _
._ _
Wool-felt hats
Drug grinding
Writing ink
Card cutting and designing
Fireworks
Flags and banners
1

PERSONS EMPLOYED

Per
Per
cent incent in- crease
crease 1 over
19231

Per cent minimum month
is of maximum month

1925

1923

100, 420
43, 118
34, 672
29,543
20, 270

95, 531
42, 037
29, 412
34, 173
20, 436

5.1
2.6
17.9
-13.5
-0.8

2.1
-11.6
8.5
-18.0
-15.0

82.0
91.4
95.6
80.7
91.3

76.1
89.0
94.7
84.4
90.8

12, 661
8,910
8,446
6,084
6,158
6,031
3,424

10, 621
8,643
10, 562
6,107
6,109
4,977
3,807

19.2
3.1
-20.2
-0.4
0.8
21.2
-10.1

6.2
-5.6
-17.0
-9.3
—11.1
28.0
9.6

92.0
63.7
91.1
73.3
90.3
60.2
84.4

92.2
59.7
88.0
81.0
88.0
83.7
86.7

A minus sign (—) denotes decrease.

23

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the series are also given.
The function of index and relative numbers is explained on the inside front cover. A condensed form of this
table is given on page 9.
Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

180

73

156
216
137
122
262
150
188
142
131
145

1925

PER CENT INCREASE (+)
OR DECREASE (— )

1926

June

July

July, 1926
from
June, 1926

July, 1926
from
July, 1925

94

99

116

+ 17.2

+ 17.2

145
214
102
116
217
136
165
126
94
114

135
198
101
110
156
146
177
142
71
107

144
196
108
122
223
140
168
127
69
110

148
200
112
115
254
144
176
126
84
99

+ 2. 8
+ 2.0
+ 3.7
-5.7
+ 13.9
+ 2.9
+ 4.8
0 8
+ 21. 7
-10. 0

+ 2.1
-6. 5
+ 9.8
-0.9
+ 17. 1
+ 5. 9
+ 6. 7
0.0
-10. 6
-13.2

120
115
85
94
71
171
91
146
155

11
1
215
96
75
75
111
91
141
147

118
77
91
81
76
190
83
128
148

121
127
91
84
85
178
108
161
148

113
253
89
76
77
117
106
177
146

6 6
+ 99.2
-2.2
-9. 5
-9.4
-34.3
-10.9
+ 9.9
-1. 4

+ 1.8
+ 17. 7
-7.3
+ 1.3
+ 2.7
+ 5.4
+ 16.5
+ 25. 5
-0.7

55
61
142
118
28
20

55
79
147
83
12
19

69
104
113
162
14
25

57
56
124
128
43
22

63
87
175
70
20
26

103
176
138
224
12
20

+ 63.4
+ 102. 3
-21. 1
+ 220.0
-40.0
-23. 1

+ 49.3
+ 69.2
+ 22. 1
+ 38.3
-14.3
-20.0

61
59
51
20
24

132
130
130
208
98

134
133
101
251
89

126
124
92
261
93

131
129
132
172
103

128
125
90
263
88

121
118
89
271
98

-5. 5
5. 6
-1. 1
+ 3.0
+ 11. 4

-4.0
-4.8
-3.3
+ 3. 8
+ 5.4

71
68
77
54
32
57
63
69
92
69
71
70
37

128
128
105
99
118
150
82
113
164
154
185
112
152

128
129
119
94
107
153
79
112
167
157
183
124
153

128
128
114
95
105
148
82
106
172
160
189
127
156

129
129
106
96
135
151
73
123
171
163
180
118
147

130
130
126
97
129
150
80
124
169
170
181
128
141

126
126
125
94
125
144
75
123
173
174
173
132
131

-3.1
-3. 1
-0.8
-3. 1
-3. 1
-4.0
-6.3
-0.8
+ 2.4
+ 2.4
-4.6
+ 3.1
-7. 1

-1.6
-1.6
+ 9.6
-1. 1
+ 19.0
-2.3
-8.5
+ 16.0
+ 0.6
+ 8.8
-8.
+ 3. 9
-16.0

June

July

93

94

99

62
105
41
0
0
17
78
38
57
80

140
216,
91'
111
212
140
168
127
72
111

139
212
96
106
202
138
173
121
73
116

138
227
143
177
153
245
390
163
190

80
19
58
64
54
30
21
45
94

114
50
85
88
75
185
83
99
143

246
242
254
405
310
170

49
43
58
50
19
19

136
137
164
267
149
133
137
129
130
151
166
115
127
191
170
195
132
154

May

May

PRODUCTION
(Relative to 1919 monthly average as 100)
KAW MATERIALS

Grand total

_
MINERALS

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

_ _

_ _ __

ANIMAL PRODUCTS (marketings)

Total
Wool*
Cattle and calves
Hogs _ _
_.._
Sheep
_ _
Eggs*
Poultry*
Fish
Milk (New York)

_
_ _ _

__

_

CROPS (marketings)

Total
Grains*
_
Vegetables*
__
Fruits*.
_ _ _ _ _ _ _
Cotton products*
Miscellaneous crops*

__

FOREST PRODUCTS

Total
Lumber
Pulpwood
Gum (rosin and turpentine)*
Distilled wood
MANUFACTURING

Grand total (adjusted for working davs)_
Grand total (unadjusted)
Foodstuffs
Textiles
Iron and steel
Lumber
Leather
Paper and printing
Chemicals, oils, etc
Stone and clay products
Metals, excepting iron and steel
Tobacco _ _
Miscellaneous _

* Fluctuations between maximum and minimum due largely to seasonal conditions.




24
INDEXES OF BUSINESS—Continued
Maximum
since

1935

Minimum
since

July, 1926,
from
June, 1926

July, 1926,
from
July, 1925

166
256
122
86
170

+ 3.5
-f6. 7
-7.6
+ 6.2
+ 0.6

+ 34.8
+ 71.8
+ 22.0
+ 3. 6
-1. 7

157
237
109
79
171

150
203
100
95
171

-4.5
-14.7
-8.3
+ 20. 3
0.0

+ 30.0
+ 66.4
+ 19.0
+ 4.3
-2.3

48
36
100

48
36
98

48
37
94

0.0
+ 2.8
-4. 1

-59
+ 2. 8
-16. 8

83
99
47
85
111
85
79

83
108
60
80
111
78
80

84
105
59
86
116
77
80

83
98
52
84
114
78
78

-3.4
-6. 7
-11. 9
-2.3
-1.7
+ 1.3
-2.5

+ 1.3
-1.0
+ 10.6
-1. 2
+ 2. 7
-9.4
-1.3

103

87

105

107

98

8 4

+ 13.6

191
96
254
163
143
195
149

187
99
254
167
134
184
152

183
104
259
166
136
181
122

214
109
305
191
160
220
174

204
118
299
187
152
204
153

201
108 i
333
198
155
210
145

-1. 5
-2.5
+ 11.4
+ 5.9
+ 2. 0
+ 2.9
-5.2

+ 9.8
+ 3. 8
+ 28.6
+ 19.3
+ 14.0
+ 16. 0
+ 18.9

128
136

126
129

95
124

137
138

130
131

99
124

-23.8
-5. 3

+ 4.2
0.0

91
85
86
87
81
89
79
87
92
93
83
90
100
93 i
84 •
89
100
90
66
96
92
84
92
75
80
93

90
89
88
87
94
86
99
87
101
96
91
90
91

93
87
86
92
92
86
103
95
102
99
84
94
96

91
89
84
93
92
85
103
94
104
96
87
92
95

90
89
80
91 :
92 i
89
102
93 I
101
94
84
91
93

-5:5
-4.8

+ 3.3
0.0
-0. 7
' +7.1
-1. 1
0.0
+ 3.0
+ 4.5
+ 4.1
-1. 1
-7.7
+ 1. 1
+ 2.2

Jan. 1,
1920

Jan. 1,
1920

167
256
189
121
185

91
73
89
58
86

145
191
107
73
177

143
182
102
76
178

133
149
100
83
173

161
235
133
85
170

163
240
132
81
169

168
250
202
115
179

84
70
68
56
. 88

135
170
93
64
177

136
164
89
76
179

135
122
84
91
175

149
215
113
65
170

UNFILLED ORDERS
(Relative to 1920 monthly average as 100)
(Iron, Steel, and Building Materials)
Total (8 commodities)
Iron and steel
_ _ _
Building materials

116
112
153

40
32
25

53
39
107

51
37
106

51
36
113

WHOLESALE TRADE
(Relative to 1919 monthly average as 100)
(Distributed by Federal Reserve Districts)
Grand total, all classes
Hardware (10 districts)
Shoes (8 districts)
Groceries (11 districts)
Drugs (7 districts)
Dry goods (8 districts)
Meats

136
129
136
135
133
150
1
89

60
59
43
62
88
58
1
46

79
101
54
79
106
77
75

83
105
54
84
110
82
79

170

49

95

427
214
332
225
212
282
188

84
55
119
109
106
109
72

226
154

80
100

102
107
103
104
103
105
104
105
105
107
108
103
107

2
2
2
2
2
2
2
2
2
2
2
2
2

STOCKS
(Relative to 1919 monthly average as 100)
(Corrected for seasonal variation)

Total
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
_ __
Manufactured commodities
_ _
(Unadjusted index)
Total
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Manufactured commodities

1

RETAIL TRADE
(Relative to 1919 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)
CHAIN STORES:
Ten-cent (5 chains)
Music (4 chains)
Grocery (27 chains)
Drugs (9 chains)
Cigar (3 chains)Candy (5 chains)
Shoe (6 chains)
DEPARTMENT STORES:
Sales (359 stores)
Stocks (3 14 stores)_ _
EMPLOYMENT
(Relative to 1923 monthly average as 100)
Number employed, by industries:
Total, all classes
Food products
Textiles
Iron and steel
Lumber _
_ _
Leather
Paper and printing _
Chemicals
Stone, clay, and glass
Metal products other than iron and steelTobacco products
Vehicles
Miscellaneous




1

Since Jan. 1, 1921.

2
2
2
2
2
2
2
2
2
2
2
2
2

PER CENT INCREASE (+)
OR DECREASE (— )

1926

May

June

July

89
89
86
85
93
89
99 ,
89
97
95
91
90
91
2

May

June

Since July 1, 1922.

July

-2.2

0.0
+ 4.7
-0.1
-1. 1
-2.9
-2. 1
-3.4
-1. 1
-2. 1

25

INDEXES OF BUSINESS—Continued
Minimum
since
Jan. 1,
1920

2
105
2
107
2
106
2
108
2
106
2
108
2
113
2
106
2
112
2
110
2
112
2
107
2

2
74
2
85
2
72
2
62
2
84
2
78
2
88
2
85
2
84
2
70
2
83
2
60
2

72

94
90
88
92
98
87
104
94
107
98
93
97
99

92
93
85
89
100
82
103
91
106
97
92
93
93

90
93
85
85
97
85
101
92
99
94
91
90
91

96
92
83
98
98
79
111
100
110
100
83
97
100

96
94
81
98
100
83
111
100
112
98
89
95
100

PRICE INDEX NUMBERS
FARM PRICES
(Relative to 1909-1914 average as 100)
All &
groups.
/~< •
Gram_
_ _ _ _ _
Fruits and vegetables
Meat animals _
Dairy and poultry
Cotton and cottonseed
Unclassified

235
283
373
186
215
304
180

110
88
108
91
122
76
74

146
159
162
139
132
184
87

148
164
184
139
132
183
86

149
152
178
148
134
186
88

139
131
240
148
131
130
. 82

WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1913)
All commodities
Farm products
Food, etc__
_ _
Cloths and clothing
FuelsMetals and metal products
Building materials _
Chemicals
House-furnishing goods _
Miscellaneous- _

248
243
248
346
281
203
300
213
275
208

138
114
131
171
162
109
155
121
162
111

155
152
153
188
168
127
174
133
171
131

157
155
155
188
173
126
171
133
170
138

160
162
157
189
172
126
170
133
169
143

Commercial Indexes
(Relative to 1913)
Dun's (1st of following month)
Bradstreet's (1st of following month)

218
227

134
115

161
148

162
150

COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)
All items weighted
Food (Dept. Labor)
Shelter _
Clothing
Fuel and light 3
Fuel
Light
Sundries _

205
219
186
288
179
208
123
192

155
139
143
153
156
174
118
171

165
152
182
172
156
174
121
175

167
155
182
174
157
175
121
175

EMPLOYMENT— Continued
(Relative to 1923 monthly average as 100)
Amount of pay roll, by industries:
Total, all classes
Food products
Textiles
Iron and steel
Lumber
Leather. _ _ _
..__
Paper and printing
Chemicals
Stone, clay, and glass
Metal products other than iron and steeL
Tobacco products _ _
Vehicles
Miscellaneous

_ __

2 Since July 1,1922.
7135—26f-




112

May

June

PER CENT INCREASE (+)
OR DECREASE (— )

1936

1935

Maximum
since
Jan. 1,
1920

July, 1926
from
June, 1926

July, 1926
from
July, 1925

91
94
76
93
95
87
109
97
104
92
85
89
96

-5.2
0.0
-6.2
-5. 1
-5.0
+ 4.8
-1.8
-3.0
-7. 1
-6. 1
-4.5
-6.3
-4.0

+ 1.1
+ 1.1

-10.6
+ 9.4
-2. 1
+ 2.3
+ 7.9
+ 5.4
+ 5.1
-2. 1
-6.6
-1. 1
+ 5.5

139
130
216
154
130
132
81

135
125
195
152
131
126
81

-2.9
-3.8
-9.3
-1.3
+ 0. 8
-4. 5
0.0

-6.7
-17.8
+ 9.6
+ 2.7
-2.2
-32.3
-8. 0

152
144
154
176
179
125
172
131
162
125

152
144
157
175
179
125
171
131
162
123

151
141
154
173
177
126
172
131
161
123

-0.7
-2. 1
-1.9
-1. 1
-1. 1
+ 0.8
+ 0.6
0. 0
-0.6
0.0

-5.6
-13. 0
-1.9
-8.5
+ 2.9
0. 0
+ 1.2
-1. 5
-4. 7
-14. 0

164
155

155
139

154
138

153
137

-0.6
-0.7

' -7. 7
-11.6

169
160
179
175
157
176
121
175

168
161
176
175
158
179
118
173

167
160
176
174
158
179
118
172

166
157
176
173
158
179
118
174

-0.6
-1.9
0.0
-0.6
0.0
0.0
0.0
+ 1.2

-1.8
-1. 9
-1.7
-1. 1
+ 0. 6
+ 2. 3
-2. 5
-0.6

July

May

June

3 Since Jan. 1, 1923,

July

26

REAL ESTATE MORTGAGES OWNED BY LIFE-INSURANCE COMPANIES, BY STATES'
FARM PROPERTIES

DIVISION AND STATE

NEW ENGLAND:
Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut

Amount
unpaid
Dec. 31,
19342

Amount
loaned
during
1925

Total
EAST NORTH CENTRAL:
Ohio
India'na.
Illinois
Michigan
Wisconsin
Total
WEST NORTH CENTRAL
Minnesota
Iowa - Missouri.
North Dakota
South Dakota
Nebraska
Kansas .
Total
SOUTH ATLANTIC:
Delaware
Maryland
District of Columbia.
Virginia
West Virginia
North Carolina
South Caroline
Georgia
.
Florida

3

4, 350
25, 100

10,400

10

42,250

15, 750
23, 784
3,500

3
5
10

58,000
297, 400
94, 350

$100

21, 300

10, 300

52, 650
73, 750
317, 684
97, 850

$3,500

489, 284

11, 000

Amount
unpaid
Dec. 31,
19242

Amount
loaned
during
1925

$92,458

Amount Unpaid Dec. 31,
19252
paid on
account
or in full
during Num- Amount
ber
1925
$94,552
3,050
13,258
4,065,318
65, 085
1, 845, 620

$766,777
2,500
477,755
40, 416, 874
3, 557, 900
14, 974, 615

Number

Amount

$768,871
5,550
329, 013
31,830,041
2, 860, 085
12,380,632

162,000
12, 652, 151
762,900
4, 439, 603

48, 174, 192

18, 109, 112

6,086,883

1,674

60,196,421

760, 101, 616 187, 303, 198
55, 140, 062 26, 000, 762
59, 781, 542 58, 995, 066

87, 711, 602
7 434 664
9, 138, 034

16,945
6,052
10,284

859, 693, 212
73, 706, 160
109,638,574

16,948 » 859, 961, 212
6,057
74,003,560
10,508 3 110, 789, 974

71
1
38
891
41
632

74
1
39
898
41
671

$768, 577
2,500
482, 105
40, 456, 974
83,557,900
319,272,065

1,724

64,540,121

3,500

43,034

18

449, 750

875, 023, 220 272,299,026 104, 284, 300

33,281 1,043,037,946

33, 513 1,044,754,746

41,968,745
8, 558, 881
90, 442, 831 12,482,642
124,342,349 32, 342, 530
3, 898, 452
1, 047, 697
9, 274, 630 2, 759, 819

4, 015, 993
11, 143, 722
15, 186, 405
486, 219
620, 220

7,570
16,220
13, 195
1,043
1,912

46, 511, 633
91, 781, 751
141, 498, 474
4, 459, 930
11, 414, 229

87, 195, 863
29, 151, 695
117,009,276
67, 622, 703
6, 194, 488

37, 462, 690
14,355,956
61,384,592
43, 123, 788
2, 585, 700

12,525,6.95
5, 089, 439
16, 939, 554
10, 226, 912
753, 817

9,158
5,907
8,644
16, 711
684

112,132,858
38, 418, 212
161, 454, 314
100, 519, 579
8, 026, 371

16, 730 3 158, 648, 491
92,127 130, 199, 963
21,839
302,952,788
17, 754
104, 979, 509
2,596
19, 440, 600

269, 927, 007

31, 452, 559

81,046

39, 940

295, 666, 017

307, 174, 025 158, 912, 726

45, 535, 417

41, 104

420, 551, 334

108, 442, 995 19,222,425 16, 770, 627 16,426
380, 019, 083 75, 715, 645 55, 864, 728 35, 695
125, 159, 357 20, 893, 926 15, 966, 672 19, 926
27, 710, 113 2, 508, 268 4, 554, 056 6,602
90, 350, 204 14, 184, 550 12, 920, 724 14, 367
111, 269, 253 19, 784, 077 17, 648, 447 12,590
128, 754, 473 17, 171, 307 17,477,005 28, 548

110, 894, 793
399, 870, 000
130, 086, 611
25, 664, 325
91, 614, 030
113, 404, 883
128, 448, 775

70,061,968 22, 197, 338
35, 013, 575 10, 313, 377
67, 546, 895 27, 941, 955
526, 640
86,000
3, 002, 637
838, 292
17, 888, 456 6, 210, 828
17, 285, 447 5, 218, 045

11,224,639*
5, 523, 980
11,672,523
139, 883
588, 309
4, 697, 188
3, 566, 867

9,497
5,756
6,862
71
556
2,253
4,085

81, 034, 667
39, 802, 972
83, 816, 327
472,757
3,252,620
19,402,096
18, 936, 625

27, 459 3 203, 133, 610
42,982 3456,493,322
27, 407 3 3219, 107, 613
6,839
27,069,782
15, 808 399,909,053
16, 802 3 152, 139, 963
34, 242 3 154, 445, 450

971, 705, 478 169, 480, 198 141, 202, 259 134, 154

999, 983, 417

72, 805, 835

37, 413, 389

29,080

246, 718, 064

171, 539 1,312,298,793

2, 170, 360
13, 762, 903
9, 914, 894
9, 380, 504
17, 687, 476
2, 936, 573
16, 271, 980
9, 186, 339

5,704
281, 441
3, 619, 587
3, 881, 826
3, 933, 210
5, 263, 622
1, 977, 100
12, 461, 206
3, 133, 979

5
797
852
3,789
3,987
7,200
1,641
7,077
2,407

194, 144
5, 783, 516
40,347,002
39, 363, 158
23, 021, 691
46,094,658
12,002,400
60,439,653
22, 572, 393

5
800
852
4,546
3,988
1,906
2,706
15, 173
2,430

194, 144
5,856,016
40, 347, 002
3
46, 353, 667
23,024,191
53, 540, 280
17, 646, 383
3
94, 767, 046
23, 364, 588

81,311,029 34, 557, 675

305, 093, 317

57 191 569

211, 325, 638

716, 221, 351

3

72, 500

344, 692

756

1, 455, 905
1,226,261
6, 180, 792
271, 304

1,906
1,065
8,096
33

6, 825, 409
2,500
7, 445, 622 !
5, 643, 983
33,235,563
792, 195:

199, 848
3, 894, 597
30, 203, 686
33, 330, 190
17, 574, 397
33, 670, 804
11, 042, 927
56, 628, 879
16, 520, 033

9, 479, 454

11, 860

54,017,772

203, 065, 361

27,755

249, 818, 765

32, 406

2,022,029
3, 701, 486
1, 488, 760
3, 487, 878

3,841
8,213
2,556
2,356

23, 918, 066
34, 958, 216
10, 531, 561
22, 671, 539

4, 903, 732
40, 832, 774
22, 040, 994
796, 084

5, 194, 981
17, 924, 416
11, 218, 282
850, 606

915, 664
6, 329, 998
4, 397, 492
219, 810

1,782
9,638
4,330
270

9, 183, 049
52, 427, 192
28, 861, 784
1, 426, 880

5,623
18, 161
6,889
2,626

14, 459, 761

10, 700, 153

16, 966

92, 079, 382

68, 573, 584

35, 188, 285

11, 862, 964

16,020

91, 898, 905

33,299

1, 848, 572
1,272,656
6, 661, 182
14, 438, 367

2,909,578
1,461,404
6, 235, 176
11, 501, 922

1,909
700
9,298
14, 217

15, 207, 593
6, 270, 338
48, 843, 666
88, 274, 389

3, 719, 571
10,826,333
22, 765, 364
18, 064, 511

1, 923, 832
9, 427, 651
9, 729, 411
16, 407, 267

667, 157
2, 583, 547
4, 555, 791
3, 623, 940

599
550
4,161
1,654

4,976,246
17, 670, 437
27, 938, 984
30, 847, 838

20, 183, 839
2,508
1,250
23,940,775
16, 299 3 87, 244, 715
16, 959 3 128, 135, 872

156, 483, 289

24, 220, 777

22, 108, 080

26, 124

158, 595, 986

55, 375, 779

37, 488, 161

11, 430, 435

6,964

81, 433, 505

37,016

8,588,968
11, 274, 855
382, 891
3, 991, 674
3, 201, 049
2, 219, 608
786, 929
100, 143

520, 094
1,582,029
8,988
491, 524
247, 043
476, 340
181, 800
2,098

1, 883, 066
2,142,912
29, 362
517, 334
737, 174
272, 080
156, 283

1,567
2,814
73
776
439
270
346
1

7,225,996
10, 713, 972
362, 517
3, 965, 864
2, 710, 918
2, 423, 868
812, 446
102, 241

2, 021, 738
1, 229, 653
211, 585
11, 825, 417
744, 827
2, 381, 504
7, 605, 777

749, 384
708, 190
28,000
3, 684, 768
89,467
750, 329
3, 632, 391

659, 566
190, 201
35, 550
2,328,871
103,817
504, 176
1, 841, 006

161
379
9
1,614
38
201
1,625

2, 111, 556
1, 747, 642
204, 035
13, 181, 314
730, 477
2, 627, 657
9, 397, 162

1,738
3,193
82
2,390
477
471
1,977
1

30,546,117

3, 509, 916

5, 738, 211

6,286

28, 317, 822

26,020,501

9,642,529

5, 663, 187

4,027

29, 999, 843

10,329

16,669,404
7, 186, 293
11, 914, 264

3, 119, 788
1, 579, 617
2, 747, 469

1, 525, 055
734, 760
2, 503, 700

1,737
1,457
988

18, 264, 137
8, 031, 150
12, 158, 033

28, 693, 715
19, 836, 424
68,005,323

12,874,339
12,232,347
37, 976, 813

5, 144, 175
3, 818, 056
14, 393, 501

5,698
5,486
8,005

36,423,879
28, 250, 715
91, 588, 635

7,480
7,593
8,994

55, 212, 716
3 39, 178, 438
3
103, 793, 668

35,769,961

7,446,874

4, 763, 515

4,182

38, 453, 320

116, 535, 462

63, 083, 499

23, 355, 732

19, 189

156, 263, 179 . 24,067

198, 187, 822

70,000

3,000

5, 715, 630
2,500
7, 235, 619
6, 127, 391
36, 825, 430
928, 227

1,454,471
1, 665, 908
742,853
2, 590, 925
135, 272

Total
EAST SOUTH CENTRAL:
Kentucky
Tennessee ._
Alabama
Mississippi

56, 904, 797

6,592,429

21,406,311
33, 450, 077
10, 961, 405
22, 501, 981

4, 533, 784
5, 209, 625
1,058,916
3, 657, 436

Total
WEST SOUTH CENTRAL:
Arkansas
Louisiana
Oklahoma
Texas

88, 319, 774
16, 268, 599
6,459,086
48,417,660
85, 337, 944

Total
MOUNTAIN:
Montana
Idaho
Wyoming
Colorado .. _
New Mexico
Arizona
Utah
Nevada
Total
PACIFIC:
Washington
Oregon
California
Grand total

$1,800

1
6

4,450
25, 100

Total
MIDDLE ATLANTIC:
New York.
New Jersey
Pennsylvania - ..

Total

Amount Unpaid Dec. 31,
192*2
paid on
account
or in full
during Num- Amount
1925
ber

$1,800
_

GRAND TOTAL
UNPAID DEC. 31,
1925 2

OTHER PROPERTIES

1, 610, 198, 357 282, 905, 024

500

225,497,665 239, 540 1, 667, 605, 716 1,911,267,742 748, 840, 202 280,189,982 179, 094 2,379,917,692

3
3

33, 101, 115
90, 504, 106
39, 458, 845
24, 098, 419

187, 162, 485

259, 505, 201
3

9, 416, 052
12,461,614
566, 552
17, 147, 178
3, 441, 395
5, 051, 525
3
10, 802, 608
102, 241
58, 989, 165
3

424,939 34,146,750,001

1
Compile^ by the Bureau of the Census from reports of 57 life-insurance companies, estimated to have more than 85 per cent of the admitted assets of all legal reserve
life-insurance companies in the United States. This tabulation is a consolidated summary of Schedule B, Part I, used by reporting companies in their annual statements.
The 2totals do not include mortgage investments in Canada and other foreign countries, which if included would account for an additional $20,000,000.
Represents total loans outstanding at date indicated.
3
Contains data from two or three companies not allocated between farm and other properties.




27

TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the monthly figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (August, 1926), in which monthly figures for 1925 and 1926 may be found, together
with explanations as to the sources and exact extent of the figures quoted. The figures given below should
always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the
end of the month referred to. For explanations of relative numbers, including base periods, see introduction
on inside front cover.

The cumulative* shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

March

PEE CENT INCREASE (+) OE
DECEEASE (— )

1925

1926

CUMULATIVE TOTAL
FEOM JANUARY 1
THROUGH JULY 31

Per
cent
increase
( }
or t
decrease
(-)
cumulative
1926
from
1925

July,
1926,
from
June
1926

July,
1926,
from
July,
1925

+10.4
+17. 7
-26.9
-39.7

198, 325
85, 509
112, 816
213, 588

262, 494

20, 802

+67.7
+99.6
-27.4
-6.3

40, 781

0.0

-6.2

304, 193

278, 685

-8.4

4,083

April

May

June

July

June

July

38, 905

36, 368
13, 729

30, 224

45, 922
38, 378

30, 048
32, 653

24, 119

13, 395

50, 675
45, 162
5, 513
12, 545

26, 824

8,857

40, 093

36,237

38, 249

38, 236

38, 176

1925

1926

TEXTILES
Wool
Keceipts at Boston:
Total...
thous. of Ibs.. 45, 060
11, 634
Domestic
_
thous. of lbs._
Foreign
-thous. oflbs.. 33, 426
48, 002
Imports, unmanufactured
-thous. of lbs__
Consumption by textile mills,
grease equivalent
-thous. of Ibs.. 43,932
Stocks, grease equivalent:
Total
thous. oflbs. . i 331, 324
Held by manufacturers
thous. of lbs_. i 176, 520
Held by dealers
_
thous. of lbs._ i 154, 804
Machinery activity, hourly:
Looms—
62
~"
^r ^' °i iiuurb dciive..
Carpet and rug. per ct. of hours active ..
Spinning spindfes—
ytu i/i. 01 ouTb du/ive__
Prices:
Raw, Ohio and Pa. fleeces,
% blood, combing, grease... dolls, per lb_.
Raw, territory fine, scoured. ..dolls, per lb_.
Worstedyarn
_
dolls, per lb._
Women's dress goods, French
serge
dolls, per yd_.
Men's suitings
dolls, per yd..

22,639

22,631
7,593

1397,446

20,490
6,334
20,468

7,544

+32.4
+30.8
+33.5

-1.1

+20.0 +3.9
-6.1 -7.5
+49.7 +13.9

* 382, 596
1
179, 203
i 203, 394

i 165, 776
i 231, 670

111,878

150, 616
211, 137

61
70
78
79

59
62
63
75
73

57
57
57
73
68

57
57
58
75
68

53
53
55
68
68

65
59
70
82
64

61
52
65
80
65

-7.0
-7.0
-5.2
-9.3
0.0

-13.1
+1.9
-15.4
15 0
+4.6

73
70

72
62

270
57

71
59

66
56

83
53

79
54

-7.0
-5.1

-16.5
+3.7

.48
1.21
1.50

.44
1.15
1.45

.42
1.13
1.40

.42
1.10
1.40

.43
1.14
1.40

.50
1.31
1.75

.52
1.37
1.70

+2.4
+3.6
0.0

-17.3
-16.8
-17.6

.80
3.51

.73
3.51

.73
3.51

.73
§.29

.73
3.29

.80
3.60

.80
3.60

0.0
0.0

-8.7
-8.6

9,927

-40.7
-45.4

-14.9
+21.8

4,143
215, 191

227, 560

-1.4
+5.7

+5.4
-11. 1

+80.5
-4.8

3, 851, 765
3, 834, 410

3, 474, 133
3, 857, Oil

-9.8
+0.6

Cotton
Production crop estimate
thous of bales
Ginnings
thous of bales
Receipts into sight
thous. of bales
Imports, unmanufactured
bales
Exports, unmanufactured
(including linters)
bales
Consumption by textile mills.
bales _.
Stocks, domestic, end of month:
Stocks, world visible, end of-month:
Total
thous of bales

129
19, 957

346, 774
518, 504

365, 522
460, 918

217, 786
494, 083

202, 468
483, 926

4,415
1,450

3,676

3,033

2,965

1,268

2,408

1,097
1,937

1,885
1,126
759

1,380
866
514

-17.5 +119. 8
-13.5 +26.7
-19.6 +276. 8

5,486
3,805

5,070
3,459

4,315

2,763

3,686
2,284

2,969

2,343

1,583

1,113

—14.6 +57.3
-17.3 +105. 2

32, 893

32, 267

31, 771

31, 082

32,288

221
98.2

199
88.9

202
88.4

180
78.9

2 7, 686
203

289.2

31, 737
2 7, 310
2193
84.6

-2.2
-11.0
-10.9
-10.7

-2.1
—7.4
-6.7
-6.7

.165
.194

.166
.192

.160
.189

.161
.186

.154
.187

.230
.242

.234
.248

-4.3
+0.5

-34.2
-24.6

98, 321

90, 938

79, 164

78, 161

65,714

70, 593

69, 2&

-15.9

-5.1

561, 186

572, 838

+2.1

97, 436
54, 452

79,606

69, 348
45, 715
41, 352
61
5.5

65, 072
45, 272
41, 494
55
4.2

67, 272
43, 724
40, 446
50
5.2

65, 103
40, 133

69, 364
39, 153
40, 710
52
4.4

+3.4
-3.4
-2.5
-9.1
+23.8

-3.0
+11.7
-0.6
-3.8
+18.2

528, 628
311, 794

540, 977
332, 065

+2.3
+6.5

214, 415
246, 740
182, 101

174, 740
261, 574
160, 582

167, 365
247, 825

56,877

44, 740
32, 244
40. 469

43, 894
29, 398

618
33, 464

504
13, 626

221
22, 137

519, 732
634, 593

516, 494
575, 799

419, 459
516, 758

5,930
1,768
4,163

5,170
1,639
3,531

5,957
4,278

102.1

dolls, per lb._
....dolls, per lb..

4 5 104
16,
1,893
154

12,090

701
45, 726

Machinery activity of spindles:
Active spindles
thousands _ . 33,233
9,163
Total activity., _
millions of hours..
242
Activity per spindle
hours. .
Prices:
To producer
In New York

3 15 248
3182
131

8,348

7,506

7,606

6,770

Cotton Goods
Cotton finishing:
Billings, finished goods (as
produced)...
thous. of yds_Orders received,
gray yardage
thous. of yds..
Shipments, finished goods
cases
otocjts, nmsnea gooas>
T~~~e
cases

41,329
74
7.4

49, 301
42, 350
67
6.3

Cotton textiles:
Total (9 classes)—
193, 119
Production
...thous. of yds.. 197, 474
Stocks
_
thous. of yds.. 211, 352 234, 247
Unfilled orders
thous. of yds . . 228, 503 201, 412
Sheetings46,281
Production
thous. of yds.. 45,254
24, 561
Stocks
thous. of yds.. 20,196
TTnfillA/? nrrlArs
thnns. of vrls
53. 992
42. 378
i Quarter ending with month indicated,
? Revised,




30, 950
45. 176

41,461

51
4.0

211,515

56,303
3 As of Aug. 16.
< Final estimate for 1925.

4 2
—5 3
+31.7

-1.9
-8.8
+39.1
i Prior to Sept. 1.

28
TREND OF BUSINESS MOVEMENTS—Continued
PER CENT INCREASE (+) OR

1925

1926

DECREASE (—)

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

The cumulatives shown are through
July except where otherwise noted.

Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

Per
cent
increase
or decrease

May

June

July

65, 747
42,841
47,411

73, 534
50, 705
29, 333

54,008
61, 256
19, 161

53, 142
57, 720
46, 756

5,624
1,360
26, 873

7,662
1,487
25,494

6,410
2,107
26, 822

6,588
2,043
26, 080

+2.8
-3.0
-2.8

12, 394
20, 073
4,757

12, 133
21, 595
4,478

8/676
22, 691
4,137

7,735
21, 056
7,650

-10.8
-7.2
+84.9

2,450
7,573
1,170

2,842
7,145
1,214

1,923
6,378
1,004

1,613
5,223
1,744

-16.1
-18.1
+73.7

6,844
7,151
11, 643

8,592
4,061
16, 013

7,498
2,320
14, 078

7,694
1,900
13, 338

+2.6
-18.1
-5.3

902
1,376
418

885
1, 678
269

775
1, 550
288

548
1,237
1, 383

—29.3
-20.2
+380. 2

6, 144
5, 258
10, 483

5, 146
6,444
9,482

5, 182
7,925
8, 563

4, 420
7,984
8,827

—14 7
+0.7
+3.1

46, 733
124, 054
56, 279
419, 510
52, 308

46, 744
122, 675
50,642
422, 221
43, 420

45, 528
125, 103
46, 060
382, 371
41, 105

41, 731
121, 264
49, 434
339, 755
49, 042

404, 157
37, 367

417, 603
41, 643

13, 930
9,608

13, 279
8,331

14. 021
9', 497

10, 054

15, 840
14, 267

16, 014
12, 344

+5.9

-18.6

.374
.528
.077
.098
166

.357
.513
.076
.095
161

.349
.500
.073
.093
157

.344
.500
.073
.089
155

.403
.543
2.092
.097
183

.415
.544
.095
.096
182

-1.4
0.0
0.0
-4.3
-1.3

-17.1
-8.1
-23.2
-7.3
-14.8

5,054
39, 400

6,003
37, 276

4,614
34,099

4,857
37, 644

6,313
39, 425

5,428
39, 575

6,246
44, 013

+30.0
+4.7

+1.1
-10.4

35, 948
28, 515

30, 122
25, 898

31, 143
25, 323

29, 111
20, 323

27, 528
18, 665

44, 016
28, 189

35, 598
26, 505

-5.4
-8.2

-22.7
-29.6

92.0
62.5
101.1
6.03

84.0
65.8
82.9
5.49

80.2
65.0
75.0
5.73

77.2
61.7
78.8
5.88

78.7
59.5
81.7
5.78

88.8
61.0
102.9
6.37

89.3
61.4
103.0
6 32

1,287
1,710
215

1,190
1, 524
321

1,490
1,390
452

1,616
1,780
403

1,632
1,579
475

258, 801
227, 158
354, 097

250, 676
233, 898
356, 670

248, 450
214, 488
347, 050

277, 021
220, 624
346, 039

212, 915
207, 223
335, 640

3, 937
3,773
6,483
4,075
6,457

3,535
3,338
6,503
3,517
6,384

3, 215
3,144
6,128
3, 252
6,213

3,424
3,619
6,397
3,848
6,229

3,865
3,768
6,039
4,179
8,302

3,697
3,608
6,114
3,332
7,645

6 23, 219
6 21, 253

6

6 24, 833

6

of dozens. _
of dozens. .
of dozens..
of dozens.
of dozens..

1,244
1,207
1,154
1,037
2,772

1,174
971
1,255
774
2,503

1,043
838
1,379
720
2,342

1,062
853
1,484
966
2,395

1,151
1,093
1,279
939
2,935

1,033

Burlap and Fibers
Imports:
Burlap
thous. of Ibs-Fibers (unmanufactured) _ _
long tons. .

63, 653
36, 701

68, 818
34, 257

38, 339
18, 919

44,206
17, 170

cumulative
1926
from
1925

—1.6
-5.8
+144. 0

March

April

June

July

1925

1926

2, 992, 085
321, 495

2, 840, 903
305, 862

TEXTILES— C ontinued
Cotton Goods— Continued
Cotton textiles— Continued.
Print clothProduction
thous. of yds__
65, 553
Stocks
thous. of yds. _
32, 503
Unfilled orders
thous. of yds. _
56, 757
Pajama checks—
Production
thous. of yds..
4,839
Stocks
thous. of yds__
1,212
Unfilled orders...
thous. of yds._
22, 352
Drills and twills (40" and narrower)—
Production...
thous. of yds. _
13,295
Stocks
thous. of yds._
18, 394
Unfilled orders.. _ _ _
thous. of yds_.
8,446
Pocketing twills and jeans—
3,092
Production
thous. of yds._
Stocks
_ _ . __thous. of yds..
7,037
Unfilled orders
_. thous. of yds. .
1,608
Osnaburgs—
Production
thous. of yds. _
8,145
Stocks
thous. of yds._
7,523
Unfilled orders
thous. of yds..
15, 427
Heavy warp sateensProduction. _
thous. of yds._
981
Stocks
thous. of yds..
1,201
906
Unfilled orders
-.-thous. of yds._
Drills, twills, sheetings and sateens (wider
than 40")—
Production. ._ _ _ . _ -thous. of yds. .
7, 061
Stocks
thous. of yds..
3, 250
12, 435
Unfilled orders
thous. of yds..
Colored goodsProduction
thous. of yds. _
49, 254
Stocks.
thous. of yds. _ 120, 036
56, 580
Unfilled orders
thous. of yds. _
Fine cotton goods, production
pieces. _ 452, 349
Cotton cloth exports
thous. of sq. yds.
41, 344
Fabric consumption
14, 198
by tire manufacturers - _
thous. of Ibs.
Elastic webbing sales
thous of yds
11, 983
Prices:
Cotton yarn—
22/1, cones, Boston
dolls. perlb__
.384
40/ls, New Bedford
dolls, perlb..
.540
Print cloth, 64 x 60.. . _ _
dolls, per yd._
.080
Sheeting, brown
dolls, per yd._
.098
Cotton goods (Fairchild).. -index number. _
170
Silk
Imports, raw
_
_ thous. of lbs._
D eliveries (consumption)
bales. _
Stocks, end of month:
At warehouses
bales
At manufacturers' plants
bales..
Silk machinery activity:
Broad looms
per cent of normal..
Narrow looms
per cent of normal..
Spinning spindles
per cent of normal
Price, Japanese, New York
dolls, perlb..

—8.3
-3.1
+7.3
—11.1 -18.6
+19.3 +17.8

6 86, 443
99, 156

6

-5.1
-4.9

81, 877
71, 240

-5.3
-28.2

40, 475
284, 465

40, 581
276, 468

+0.3
-2.8

6 9, 139
6 9, 682
6 1, 575

6 8, 871
6 9, 887
6
1, 716

-2.9
+2.1
+9.0

6 1,561,417 61,515,925
6 1,329,212 6 1,332,846

-2.9
+0.3

+1.9 -11.9
-3.6
-3.1
+3 7 —20 7
17
85

Clothing
Men's and boys' garments cut:
Suits
thous. of garments-1, 658
Separate trousers _ _ _thous. of garments. .
1,854
Overcoats .
-thous. of garments. _
267
Work clothing:
Cut
dozen garments
284,110
Net shipments .- _ _ .-dozen garments. _ 256, 705
Stocks, end of month _ _ .dozen garments. . 346, 406
Hosiery
Production
thous.
Net shipments
thous.
Stocks, end of month ...thous.
New orders
thous.
Unfilled orders, end mo. -thous.

of dozen pairs. _
of dozen pairsof dozen pairs. .
of dozen pairs. .
of dozen pairs. _

Knit Underwear
Production
__
thous.
Net shipments
thous.
Stocks, end of month
thous.
New orders.. _ _
_. thous.
Unfilled orders, end of mo
thous.




2 Revised.

52,664 +25.0
55, 258
50,604
+4.9
16, 042 +16.3 +24.5
19, 975
38, 280
• Six months' cumulatives ending June 30.

21, 375
6 20, 274

-7.9
-4.6

21, 713

-12.6

e 7, 308
6 6, 918

6

6, 677
66,007

-8.6
-13.2

67,3SO

65,918

-19.8

386, 398
190, 019

381, 955
190, 972

-1.1
+0.5

29
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
% be found on pages 22 to 151 of the
August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY $1

i

March

April

May

June

July

July

June

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

TEXTILES— Continued
Pyroxylin Coated Textiles
Pyroxylin spread _
thous. of Ibs
Shipments billed
thous of linear yds
Unfilled orders, end of mo-thous. of linear yds..

2,885
2,313
1,696

2,517
2,127
1,687

3,604
2,663
2,374

2, 775
2,096
2,058

2,171
1,752
1,730

6

13, 299
611,274

2,379
2,022
1,625

616,411
6 13, 097

+23.4
+16.2

1,037

668

-35.6

1,752

1,604

-8.4

Cotton Mill Dividends
Fall River mills:
Total
Ratio to capitalization
_
New Bedford mills:
Total
Ratio to capitalization

_

1

thous. of dollars
1

per cent per quarter
thous. of dollars
per cent per quarter

1369

1.890

1809

1795
1

1

1 151

+23.4

'396

1.690

299

.702

1881

1 171

-6.8

-1.7 -22.5

i 1. 190

+1.8

-8.2

+ 1.7

-1.6

38.4
12, 321

-14.2
-1.1

+0.5
-1.0

+14.0

+17.2

26, 924

24, 892

-7.5

18, 433
7,235
32, 607

17, 110
7,303
34, 599

-7.2
+0.9
+6.1

21, 675
4,658
312

23, 070
5,247
449

+6.4
+12.6
+43.9

132, 478
176, 217

122, 005
152, 948

-7.9
-13.2

BUTTONS
Fresh-water pearl buttons:
Production
per ct of capacity
Stocks, end of month
thous. of gross

53.0
12, 117

52.4
12, 101

49.6
12, 203

45.0
12, 331

38.6
12, 196

M7.0
2 12, 503

6,113

8,770

9,999

7,958

2 8, 531

3,338
1,477
5,194

6,472
3,217
4,834

7,300
2,609
4,787

5,975
2,139
3,863

6,217
2,276
3,842

+12.8 +17.4
-18.9 +14.6
-1.0 +24.6

17, 387
13, 063
4,324

21, 512
16, 939
4,573

26, 691
21, 582
5,109

25, 404
20, 397
5,007

30, 332
24, 720
5,612

+24.1 -12.0
+27.4
12 7
+11.7 -9.0

3,481
794
73

3,235
770
71

3,223
762
67

2,673
560
46

2,664
627
21

-0.4 +21.0
-1.0 +21.5
-5.6 +219. 0

228
110, 600
61.5

220
106, 140
59.6

216
102, 100
58.5

189
86, 250
47.7

190
86, 420
48.5

— 1 8 + 13.7
-3.8 + 18.1
-1.8 +20.6

17, 518
22, 976
76.2
95
69

15, 025
18,962
80.3
88
74

18, 472
24, 038
76.8
79
56

19,940
27, 110
73.0
84
2
61

17, 117
20, 050
85.3
84
70

+22.9 +7.9
+26.8 +19.9
-4.4 -10.0
-10.2 -6.0
-24.3 -20.0

55, 803
54.3
54, 908
45, 376

56, 659
54.5
57, 641
42, 813

51, 568
50.4
50, 998
52, 716

55, 143
51.6
54, 510
44, 026

53, 450
50.1
51, 384
52, 916

-9.0
-7.5
-11.5
+23.1

-3.5
+0.6
-0.8
-0.4

20.64
18.38
21.15

19.71
18.00
20.62

19.45
17.63
20.23

20.06
18.05
19.78

20.26
18.00
19.72

-1.3
-2.1
-1.9

-4.0
-2.1
+2.6

20, 660
18, 881
20, 056
104, 917

2

IRON AND STEEL

Iron
Iron ore:
Shipment from mines.thous. of long tons
10
ReceiptsLake Erie ports and
furnaces
thous. of long tons _
Other ports
thous. of long tons..
Consumption
thous. of long tons ""~~5,~160~ ~"~5~ 192"
StocksTotal
thous. of long tons
22, 611
17, 708
At furnaces
thous. of long tons
17, 120
13, 133
On Lake Eriedocks. thous. of long tons...
5,491
4,575
Pig-iron production:
Total, U. S
thous. of long tons
3,442
3,450
Merchant furnaces
thous. of long tons..
781
773
Canada.. __
thous. of long tons
53
68
Furnaces in blast, end of month:
Furnaces
number
236
237
Capacity
-long tons per day
114, 000 115, 150
Percent of total
percent.,
63.3
63.5
Ohio gray-iron foundries:
MeltingsActual
_
long tons
21, 162
16, 908
Normal
long tons
23, 424
19, 660
Ratio to normal
per cent of normal. _
90.3
86.0
Stocks, end of month. .per cent of normal..
111
100
Receipts
per cent of normal
72
78
Malleable castings:
Production
tons
62, 812
70, 474
Operating activity
per ct. of capacity..
60.3
67.6
Shipments
_
_
tons
65, 989
62, 333
Orders booked
_ _ tons
55, 027
49, 599
Wholesale prices:
Foundry No. 2,
Northern
dolls, per long ton
20.76
22.26
Basic (valley furnace) dolls, per long ton
18.63
20.00
Composite pig iron
dolls, per long ton
21.53
22.27

401, 460

432, 307

+7.7

393, 477
355, 536

404, 001
360, 769

+2.7
+ 1.5

132, 506
111, 548

146, 956
114,289

+10.9
+2.5

Cast-iron Boilers and Radiators
Round boilers:
Production
thous. of Ibs.. 23, 549
Shipments
'
thous. of Ibs
14, 288
Orders received
thous. of Ibs.. 19, 987
Stock on hand, end month._thous. of Ibs. . 94, 657
Square boilers:
Production . , . . thous. of Ibs
20, 274
Shipments
thous. of Ibs
12, 266
Orders received
thous. of Ibs.. 18, 033
Stock on hand, end month.. thous. of Ibs. _ 102, 007
Radiators:
Production.thous. sq. ft. of heating surface. . 15, 740
Shipments. thous.sq. ft. of heating surface. . 8,810
Orders received, .thous. sq. ft. of heating surface.. 17, 778
Stock on hand, end
month.. thous. sq. ft. of heating surface.. 45, 059
1
Quarter ending with montlh indicatecI.




24, 380
17, 340
19, 974
102, 248

2
2

20, 982
16, 883
18, 162
109, 243

17, 058
20, 882
23, 157
107, 171

18, 305
16, 513

19, 722
20, 017

-18.7 -13.5
+23.7 +4.3
+27.5

22, 012
15, 012
18, 022
108, 944

2
2

20, 933
19, 181
20, 538
110, 533

20, 655
16, 502
18, 214
114, 515

18, 257
23, 991
27, 904
111,713

17,253
16, 884

20, 691
21, 350

-11.6
+45.4
+53.2
-2.4

-11.8
+12.4

137, 680
115, 424

142, 404
113, 534

+3.4
-1.6

16, 366
10, 592

14, 113
14, 355

13, 834
10, 824

14, 424
14, 983

10, 152
11, 404

12, 663
13, 858

+4.3 +13.9
+38.4 +8.1

84, 378
79, 938

105, 179
79, 338

+24.7
-0.8

14, 210

16, 489

50, 897

50, 853

13, 486
53, 638
2 Revised.

—1 9

16, 243

+20 4

52, 915
6

-1.3
Six months' cumulatives ending June 30.

30

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1923, "Survey"

March

April

May

PER CENT INCREASE (+) OR
DECREASE (— )

1925

June

July,
1926,
from
July,
1925

June

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

July

July,
1926,
from
June,
1926

2 3, 204
63

2 3, 084
22

-2.7 +18.4
-19.8 +195. 5

3.710
13, 444

3,539
13, 909

+3.6

62,700
50
23,301
39, 399

67,881
54
26, 387
41, 494

+21.5
+20.8
+83.0
+2.6

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

1935

1926

25, 466
445

27, 911
500

+9.6
+12.4

92, 875

+15.4

IRON AND STEEL— Continued
Crude Steel
Steel ingots, production:
3,945
United States
thous. of long tons 4,488
4,124
3,751
3,651
81
59
90
65
Canada.
thous. of long tons..
80
U. S. Steel Corporation:
Unfilled orders,
3,479
end of month
thous. of long tons
4,380
3,649
3,603
3,868
Earnings
thous oi dolls
15, 705
15, 949
16, 866
16, 160
Steel castings:
BookingsTotal
short tons
104,847
86, 685
78,889
82,628
68, 030
82
67
53
Ratio to capacity
per cent-64
61
Railroad specialties. _.
short tons.. 44,507
26, 713
31,318
15, 992
29, 258
59, 972
52, 038
Miscellaneous
short tons . . 60, 340
53, 370
47, 571
Production—
Total
short tons.- 108, 231 105, 602
93, 392
95, 608
93, 536
84
82
74
73
73
Ratio to capacity
per cent..
46, 628
42, 087
34, 290
Railroad specialties
short tons
41, 446
30, 613
Miscellaneous
short tons _ 61, 603
64, 156
59, 102
62, 923
53, 521
Sheets, blue, black, galvanized, and full finished:
ProductionTotal.
short tons._ 319, 132 294, 811 264, 541 268, 448 239, 764
94.2
91.0
77.3
Ratio to capacity
per cent..
84.3
84.0
Stocks, end of month—
Total- _
short tons.. 173, 381 184, 289 178, 539 176, 428 153, 962
62, 604
Unsold
. short tons
61, 433
58, 503
55, 140
46, 031
288, 759
Shipments
short tons
320, 623
267, 299
262, 231
264, 025
Sales
short tons
304, 233
249, 866
284, 319
352, 414
201, 743
Unfilled orders, end of month__short tons.. 534, 641 472, 448 418, 582 422, 237 520, 281
Steel barrels:
Production
barrels.. 622,949 602, 058 581, 962 626, 812 585, 734
53.4
47.7
55.0
54.6
Ratio to capacity
.per cent-51.3
Shipments
_
barrels.. 622, 312 608,056 582, 352 624, 082 593, 611
Stocks, end of month
barrels.. 50, 409
44, 411
44, 021
46, 751
38, 874
Unfilled orders, end of month
barrels-- 1, 645, 066 1, 279, 159 1, 209, 815 1, 300, 113 1, 293, 601
Track work, production
short tons. _ 19, 586
16, 490
16, 085
16, 058
Wholesale prices:
35.00
35.00
35.00
35.00
Steel billets, Bessemer-dolls, per long ton..
35.00
38.90
38.60
37.68
37.69
Iron and steel
dolls per long tons..
38.25
2.64
2.63
2.62
2.64
Composite steeL.
dolls, per 100 Ibs..
2.61
1.95
1.95
1.95
1.85
1.95
Structural steel beams.. .dolls, per 100 lbs._

+1.8

6

80, 507

6

519, 703

620, 425

+19.4

217, 192
302, 511

+21.7
+18.5
+10.9
+28.6

240, 581
379, 844

+10.8
+25.6

+0.2
0.0
— 10 7
+6.5

.

266, 290
83.4

246, 404
75.5

-10.7
-8.0

-2.7
+2.4

1, 944, 268

2, 014, 892

+3.6

132,552
51, 614
231,016
286, 453
440, 687

130, 940
42, 081
223, 454
252, 871
475, 950

-12.7
-16.5
+0.7
+24.0
+23.2

+17.6
+9.4
+18.2
+39.4
+9.3

1, 768, 168
1, 660, 497

2, 026, 448
1, 826, 999

+14.6
+10.0

514, 913
497, 152
44.0
41.0
508, 880
506, 894
54, 373
44, 631
852, 594 1, 109, 383
17, 216
13, 818

-6.6
-12.6
-4.9
—16.8
-0.5

+17.8
+16.3
+17.1
-12.9
+16.6

3, 517, 377

4, 010, 723

+14.0

3, 524, 617

4, 017, 949

+14.0

6 94, 337

6 99, 494

+5.5

35.00
37.61
2.65
2.00

35.00
37.45
2.63
2.00

0.0
0.0
+0.8
+5.4

0.0
0.6
+0.4
-2.5

Steel Products
Structural steel, fabricated:
Bookings (prorated)
._ .short tons..
Ratio to capacity
per cent._
Shipments (prorated)
short tons__
Ratio to capacity-. _
per cent_.
Steel plate, fabricated, bookings:
Total
short tons-Ratio to capacity
_
per cent-.
Oil-storage tanks
short tons
Iron and steel:
ExportsTotal _ _
_
long tons..
Selected items
_ . long tonsImports
long tons
Steel furniture:
Business groupShipments
thous of dollars
Orders received
thous of dollars
Unfilled orders
thous. of dollars ._
ShelvingShipments
thous of dollars
Orders received
thous. of dollars. .
Unfilled orders
thous. of dollars. .

207, 400
68
250, 100
82

219, 600
72
244, 000
80

234, 850
77
237,900
78

219,600
72
253,150
83

216, 550

262, 300
86
234, 850
77

247,050
81
250, 100
82

-1.4
-1.4
+4.8
+4.8

-12.3
-12.3
+6.1
+6.1

1, 509, 750

1,460,950

-3.2

265, 350
87

1, 534, 150

1, 650, 050

+7.6

37, 120
55
12, 629

32, 691
48
6,042

46,473
68
15,728

39, 551
58
10, 829

30, 448
45
10, 702

34,402
51
16, 327

29, 272
43
6,381

-23.0
-22.4
-1.2

+4.0
+4.7
+67.7

184, 159

242, 169

+31.5

48, 301

73, 725

+52.6

169, 438
142, 061
83, 808

194, 449
162, 924
98, 442

173, 418
139 787
92, 201

159, 506
132, 164
107, 712

61, 795
160, 179

136, 847
99, 624
76, 403

139, 861
110, 122
50, 618

6 842, 294 61,028,583
765, 080
920, 236
498, 062
706, 861

+22.1
+20.3
+41.9

2,844
2,687
1,804

2,782
2,937
1,784

2,576
2,464
i;589

2,606
2,557
1,535

2,149
2,284
1,665

2,130
2,116
1,457

2,111
2,105
1,491

-17.5
-10.7
+8.5

+1.8
+8.5
+ 11.7

15, 279
15, 423

18, 415
18, 655

+20.5
+21.0

726
584
605

699
704
571

617
581
587

602
607
554

531
604
602

514
501
360

482
511
399

-11.8
-0.5
+8.7

+ 10.2
+18.2
+50.9

3,697
3,770

4,357
4,318

+17.9
+14.5

dollars.. 483, 010
dollars.. 525, 655
dollars. _ 504, 671
index number. .
183

434, 626
402, 494
506, 214
134

425, 638
415, 082
524, 382
112

407, 940
417, 632
511, 290
186

378, 163
448, 390
411, 119
173

334, 424
318, 442
460, 383
159

353, 561
352, 603
457, 925
153

-7.3
+7.4
-19.6
-7.0

+7.0
+27.2
-10.2
+13.1

2, 467, 005
2, 336, 364

3, 016, 312
3, 076, 634

+22.3
+31.7

145
70, 055

129
48,482

175
68,408

125
50, 494

128
44, 095

147
58,719

-28.6
-26.2

-15.0
-14.0

840
351, 297

861
359,805

+2.5
+2.4

89, 150
72, 865

90, 758
73, 258
i 270, 934

77, 515
64, 302
i 234, 821

76, 267
65, 495

+4.9

+15.4

6 428, 483
e 350, 960
448, 053

6 511, 239
6 411, 570
529, 172

+19.3
+17.3
+18.1

-53.2 -43.9
+48.7 +216. 4

Machinery
Foundry equipment:
Sales
_
Shipments
.
Unfilled orders, end mo_
Machine tools, orders
Stokers:
Sales
Sales.
Washing-machine sales:
Total
_- __
Electric
Vacuum cleaner sales




number. .
horsepower- .

132
52, 312

..number.. 92, 832
92, 582
number-- 74, 859
74, 522
number * 258, 238
1
Quarter ending ?nth montli indicated

6

J3ix months ' cumulati ves endi ng June C50.

31
TREND OF BUSINESS MOVEMENTS—Continued
I

1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August 1926, "Survey"

March

April

PER CENT INCREASE (+) OR
DECREASE ( — )

1935

June

May

July

June

July

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

Per
cent
in.
crease

or decrease

cumulative
1926
from
1925

1925

1926

•3,418
8 352, 449
6 17, 815

6 3, 152
« 299, 903
e 19, 426

6 8, 373
7, 617

6 9, 797
6 8, 919

-7.7
-14.9
+9.0
+17.0
+17.1

274
26

341
28

+24.5
+7.7

26, 301
406
331

-0.5
-10.2
-31.8

IRON AND STEEL— Continued
Machinery— Continued
Agricultural pump shipments:
Total
thous. of dolls
Pitcher, hand, etc
. number
Power pumps
number
Steam, power, and centrifugal pumps :
New orders
thous. of dolls
Shipments
thous. of dolls
Unfilled orders, end mo
thous. of dolls..
Agricultural machinery and equipment:
SalesTotal . .
index number
Domestic
index number
Foreign
index number
Production
index number
Electric industrial trucks and tractors:
Shipments, domestic—
Tractors
nunber of vehicles
All other types
number of vehicles..
Exports
..number of vehicles..
Electric locomotives shipped:
Mining
number
Industrial
number

541
51,118
3,009

488
42, 984
3,226

475
38, 570
3,330

648
60, 707
4,085

627
60, 344
3,413

598
59, 360
3, 151

1,701
1,499
3,222

1,722
1,530
3,469

1,772
1,661
3,620

1,882
1,736
3,704

1,661
1,539
3,150

1,563
1,498
3,212

168
169
162
137

140
142
131
133

2
153
2
157
2
142
2

141

164
169
153
128

138
145
108
108

140
141
137
107

11
128
8

17
90
4

12
87
9

21
104
19

2
49
2
280
2

-28.6
-8.7
-94.7

U22
119

15
95
1

+6.7 +44.3
-52.6 -52.6

50

1176
19

U65
119

6

PATENTS ISSUED
Total, all classes __ _
Agricultural implements. __
Internal-combustion engines..

number.
number..
number

AUTOMOBILES
Production:
Passenger carsTotal
number of cars
United States
number of cars
Canada
number of nars
TrucksTotal - number of cars
United States.
number of cars..
Canada
number of cars
Exports:
Assembled—
Total
number of cars
Passengers cars..
number of cars
Trucks.
number of cars..
From CanadaTotal
number of cars
Passenger cars__
number of cars,.
Trucks
number of cars..
Foreign assemblies
number of cars
Accessories and parts:
ShipmentsOriginal equipment
index nos. _
Replacement parts
index nos
Accessories
index nos
Service parts
index nos
Exports
._
thous. of dolls..
Sales (General Motors Co.) :
Proportion closed cars
per cent
To dealers...
.
number of cars.
To users
number of cars

3,506
72
69

2

399, 105 2 401, 836
383, 907
381, 116
2 17, 989 2 17, 929

-4.1
-14.0
-22.9

26, 430
452
485

360, 124
348, 984
11, 140

-7.0

-9.5

61, 946, 340
2, 215, 115
6 80, 209

3,334
49
37

4,724
69
90

3,477
57
48

394, 569 2 358, 360
339, 542
373, 140
2 21, 429 218,818

315, 861

366, 510
352, 261
14, 249

3,625
53
40

2

-25.8
-27.9
-11.9

4,495
68
42

4, 639
46
55

2

2

6

+11.7
+7.7
+28.0
6
276, 652 +15.4
294, 066
+9.3
6
22, 171 +109. 1

2,173, 097
2, 386, 251
6 102, 707

2

2

47, 043
44, 110
2, 933

39, 585

38, 151
36, 357
1,794

41, 870
40, 025
1,845

-10.3

-1.1

6 239, 719
269, 139
6 10, 605

31, 189
23, 152
8,037

28,482
22, 120
6,362

19, 934
15, 354
4,580

22, 486
17, 077
5,409

20, 408
17, 310
3,098

20, 859
16, 567
4,292

+12.8 +7.8
+11.2 +3.1
+18.1 +26.0

162,329
134, 741
'27, 588

184, 587
143, 507
41, 080

10, 888
8,033
2,855
31, 187

4,101
2,661
1,440
18, 263

5,594
3,977
1,617

4,541
2,979
1,562

4,158
2,641
1,517

6,081
4,811
1,270
16,839

4,284
3,021
1,263
16, 194

-8.4 -2.9
-11.3 -12.6
-2.9 +20.1

39, 895
31, 460
8,435

42, 849
29, 987
12, 862

+13.7
+6.5
+48.9
+7.4
-4.7
+52.5

182
146
167
205
10, 617

160
141
176
208
9,608

145
177
183
175
7,685

140
135
140
184
6,789

135
117
127
142
8,160

164
129
172
159
7,329

165
152
149
113
5,104

-3.6 -18.2
-13.3 -23.0
-9.3 -14.8
-22.8 +25.7
+20.2 +43.1

48, 854

58, 400

+19.5

78
113, 341
106, 051

76
122, 742
136, 643

79
120, 979
141, 651

81
111, 380
117, 176

87, 643
101, 576

58
71, 088
75, 864

54
57, 358
65, 872

-21.3 +52.8
-13. 3 +54.2

446, 567
462, 232

723, 730
721, 766

+62.1
+56.1

70, 632
77, 166

72. 949
76, 397

69, 894
76, 587

68, 507
76, 335

+6.5
+0.1

498, 299
557, 134

505, 402
559, 464

116, 743
113, 898
136, 468 2 124, 100
78, 206
73, 197
42, 422
36,263

119, 020
124, 272
76, 352
35,300

112, 434
125, 685
64, 725
52, 945

114, 182
124, 926
65, 208
52, 354

+2.0 +4.2
+0.1 -0.5
-2.4 +17.1
-16.8 -32.6

779, 206
890, 001
451, 156
359,523

812, 273
912,478
529, 593
262, 309

+1.4
+0.4
+4.2
+2.5
+17.4

66,096
275, 491
.1366

64, 940
272, 105
.1392

91, 326
250, 506
.1340

88, 008
242, 792
.1395

-1.7 -26.2
-1.2 +12.1
02
+1.9

2 49, 233
44, 848
2 4, 385

2 53, 887
50,314
2 3, 573

27, 952
22, 278
5,674

51, 343
47, 838
3, 505

NONFERROUS METALS
Copper
Production:
73, 454
75, 728
Mines
short tons
85, 951
Smelter
._
short tons.. 80, 719
Refined (North and South
America)
short tons._ 121, 798 116, 302
World production, blister. _
short tons- 2 134, 727 2 136, 938
75.030
Domestic shipments, refined
short tons.. 88,573
39, 244
44, 926
Exports
short tons
Stocks (North and South America) :
75, 206
72,644
Refined
short tons
261, 916 2 264, 721
Blister
short tons
.1386
.1371
Wholesale price, electrolytic
dolls, per lb__

2

2

2

2
2

73, ,542
85, 025

69, 369
274, 943
.1360

2

+3.3
-1.0

-27. a

Copper Products
Plumbing fixtures:
Sales, tubularQuantity. ....
number..
Value
dollars..
Wholesale price, 6 pieces
dollars..
Brass faucets:
Orders received
. .number of pieces..
Orders shipped
number of pieces.
Fire extinguishing equipment, shipments:
Motor vehicles
number
Hand types .
. number.

i Quarter ending with month


230, 262
217, 435
109. 87

192, 666
187, 261
109. 19

184, 501
211, 223
108. 74

154, 250
173,223
107. 13

174, 145
188, 203
106. 78

186, 515
173, 020
112. 16

179, 805
180, 603
111. 55

+12.9
+8.6
-0.3

-3.1
+4.2
-4.3

1, 399, 689
1, 277, 191

1, 552, 206
1, 521, 629

+10.9
+19.1

257, 336
298, 742

257, 082
302, 841

219, 362
263, 810

188, 979
199, 475

225, 831
237, 808

299, 931
320, 596

336, 609
350, 091

+19.5
+19.2

-32.9
-32.1

2, 592, 086
3, 279, 018

2, 044, 262
2, 109, 726

-21.1
-35.7

2110

2119

2148
53, 751

142
54,234

797
376, 767

-10.1
+1.5-

2

59, 245 2 52, 874
indicatec1.

2

2
110
61, 526

2

2

Revised.

2

2
140
54, 856

2
163
55, 185

887
-4.1 -12.9
371, 066
+0.9 -L7
6 £ ix months cum ula bive ending June 30.
2

32
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, ''Survey"

March

April

PER CENT INCREASE (+) OR
DECREASE (— )

1935

1926

May

June

July

July

June

July,
1926,
from
June,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

July,
1926,
from
July,
1925

Per
cent
increase
( }
or t
decrease
(-)
cumulative
1926
from
1925

1925

1926

45, 675

47, 745

+4.5

45, 091

47, 474

+5.3

340, 775

367, 703

+7.9

NONFERROUS METALS— Continued
Tin
Deliveries (consumption)
Stocks, end of month:
World visible supply
United States . .
Imports
Wholesale price, pig tin

long tons

6,835

7, 105

5, 685

6,900

7,630

6,175

6,475

+10.6 +17.8

long tons .
-long tons
long tons
dolls, per lb._

14, 280
2,494
6,699
.6347

15, 516
1,354
5,912
.6196

18, 045
1,739
6,160
.6017

15,831
2,409
7,230
.5841

13, 777
3,014
7,941
.6137

19, 797
2,054
6,985
.5489

19, 857
2,414
6,735
.5668

-13.0 -30.6
+25.1 +24.9
+9.8 +17.9
+5.1 +8.3

Ketorts in operation, end of month. ..number..
Production
_
short tons
•Stocks, end of month
_. _ short tons
Ore, Joplin district:
Shipments
__
short tons _
Stocks, mines, end of month short tons..
Price, slab, prime western .
dolls, per Ib

89, 497
54, 411
20, 561

89, 333
53, 334
25, 990

86, 279
53, 703
29, 934

76, 912
48, 226
25, 760

83, 980
48, 403
22, 986

82, 358
45, 921
22, 906

82, 140
47, 583
20, 771

+9.2 +2.2
+0.4 +1.7
-10.8
+10.7

71, 911
24, 107
.0733

64, 722
22, 995
.0700

68, 718
29, 757
.0682

55,732
31, 885
.0711

73, 399
20, 776
.0741

2 62, 641
2 29, 025
.0699

56, 894
2 23, 662
.0721

+31.7 +29.0
-34.8 -12.2
+4.2 +2.8

446,307

488,154

+9.4

Lead
Production
short tons
52, 331
Ore shipments, Joplin district
short tons
10, 050
Beceipts of lead in U. S. ore
.short tons.. 46, 309
Stocks, U. S. and Mexico, end mo__short tons.. 112, 637
Price, pig desilverized (New York) .dolls, per Ib. . .0839

46, 718
8,435
44, 531
117, 563
.0797

49, 915
10, 765
2 44, 685
120, 817
.0775

2 47, 524
7,131
41, 823
123, 099
.0803

49, 749
11, 076

?

46, 552
2 7, 813
43, 108
95, 731
.0815

+4.7 +6.9
+55.3 +41.8

327, 815
71, 119
6 274, 387

344, 637
71, 737
6 267, 407

+5.1
+0.9
-2.5

.0850

48, 775
10, 090
45, 397
96, 738
.0832

5,015
1,339
3,677

5,075
990
4,085

5,184
1,490
3,694

36, 959
7,941
29, 017

36, 159
8,962
27, 197

-2.2
+12.9
-6.3

Zinc

2

+5.9

+4.3

+1.0
+0.7
+1.2

-3.3
-10.1
-0.5

Babbitt Metal

Consumption:
Total apparent
Direct by producers
Sale to consumers
Crude:
Production
Stocks
_
Refined:
Production
Stocks

.thous. of Ibs..
thous. of Ibs
thous. of lbs._

5,861
1,008
4,853

5,229
1,412
3,817

4,797
1,157
3,640

4, 964
1,330
3,634

short tons..
short tons

460
3,534

368
3,718

481
3,712

193
3,167

752
3,193

516
3, 091

6 5, 091

6 2, 245

-55.9

short tons
_ short tons .

764
5,976

377
5,462

140
4,768

390
4,414

1,317
7,018

804
7,085

6

6

2, 465

-63.6

180, 573
192, 826
172, 155

136, 141
170, 589
157, 410

153, 497
169, 719
153, 381

142, 142
168, 743
145, 377

102, 284
166, 756
118, 076

103, 624
177, 778
110, 476

116, 740
164, 614
124, 479

121, 933
158, 897
119, 554

113, 427
149, 829
112, 629

118, 448
101, 925
129, 806

134, 218
95, 562
140, 692

-7.0 -15.5
-5.7 +56.8
-5.8 -19.9

121, 801
245, 384
128, 349

116, 205
250, 143
120, 139

125, 241
249, 171
129, 327

134, 542
248,959
130, 904

117, 973
238, 556
118, 963

130, 691
227, 018
137, 887

148, 428
225, 966
144, 052

121, 883
301, 070
130, 496

117, 212
321, 073
119, 236

127, 153
307, 405
126, 732

129, 509
294, 587
126, 728

117, 263
284, 432
117, 705

132, 243
279, 287
136, 027

135, 453
273, 720
140, 839

55, 607
168, 298
60, 226

52, 076
158, 229
51, 180

55, 022
160, 469
59, 786

56, 144
157, 030
58, 538

48, 162
151, 854
49, 432

64, 232
179, 127
62, 723

60, 837
176, 506
65, 384

-14.2
-3.3
-15.6

-20.8
-14.0
-24.4

94, 167
205, 003

96, 048
198, 203

90, 427
182, 931

80, 050
172, 026

73, 640
160, 665

111, 797
252, 991

117, 461
251, 545

-8.0
-6.6

-37.3
-36.1

85

86

86

80

622, 248
214, 590
385, 119
22, 539

533, 728
198, 628
312, 130
22, 974

445, 256
179, 318
247, 624
18, 314

499, 554
195, 867
279, 474
24, 213

Arsenic

_

6, 776

Galvanized Sheet Metal Ware
Production
Stocks, end of month
Shipments

dozens
dozens..
dozens..

Enameled Ware
Baths:
Orders shipped
number
Stocks, end of month
number..
Orders received
number. _
Lavatories:
Orders shipped
number
Stocks, end of month
..number..
Orders received
number
Sinks:
Orders shipped __
number
Stocks, end of month
number..
Orders received _ .
number
Miscellaneous sanitary ware:
Orders shipped
_
number
Stocks, end of month
_
number.
O rders received
number
Unfilled orders, end of month:
Baths
number..
Small ware..
number..
Household ware:
Furnaces operating
per cent of total...

71 |

766, 112

731, 420

-4.5

836, 321

775, 716

-7.2

12 3 -20.5
-4.2 +5.6
-9.1 -17.4

893, 235

834, 942

-6.5

932, 174

855, 760

-8.2

-9.5 -13.4
-3.4 +3.9
-7.1 -16.4

908, 032

825, 834

-9.1

938, 506

841, 661

-10.3

483, 819

365, 143

-24.5

427, 844

385, 038

-10.0

3, 625, 394
1, 319, 236
2, 210, 069
116, 088

3, 576, 802
1, 281, 870
2, 126, 945
167, 991

-1.3
-2.8
-3.8
+44.7

341, 115

— 11 2

Band Instruments

Sales:
Total
Cup mouthpieces
Saxophones _
Woodwind

._
_

dollars
dollars..
dollars
dollars

482, 765
154, 187
286, 553
42, 025

493, 463
199, 255
277, 810
16, 398

437, 378
178, 036
243, 883
15, 459

+10.4
-13.4
+2.5 + 17.5
+73.6 +171.8
-3.4
-21.3

Electrical Equipment
Electrical mfrs., bookings
thous. of dolls.. i 192, 548
Electrical porcelain, shipments:
Total
dollars
322, 589
Standard
dollars.. 98, 818
Special
_
dollars
172, 506
High tension
dollars.. 51, 265
Laminated phenolic products,
shipments
_ _
dollars
603, 372
Motors:
New orders
dollars . _1, 167, 749
Billings (shipments) ..
dollars. .1, 027, 319
i Quarter ending with month indicated




1

i 177, 707

-7.7

+8.1

370, 255

+8.5

301, 099
95, 259
169, 213
36, 627

270, 960
85, 503
141, 483
43, 974

283, 527
93, 437
142, 098
47, 992

292, 347
104, 659
152, 318
35, 370

317, 028
123, 126
156, 694
37, 208

6 1, 985, 201 6 1, 731, 875
6 790, 417 6 560, 368
e 978, 923 6 904, 057
6 215, 861 6 267, 450

-12.8
-29.1
-7.6
+23.9

540, 814

556, 260

525, 690

481, 664

527, 052

6

866; 869
821, 947

740, 232
793, 832

904, 269
928, 272 J
5

Revised.

164, 461

3,193,837 63,283,768

j|
6

Six months' cumulative, ending June 30.

+2.8

33
TREND OF BUSINESS MOVEMENTS—Continued
1926
The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

PEE CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

March

April

May

June

July

June

July

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

1925

I9SS

385
234, 032
191, 188

282
134, 109
128, 140

253
147, 447
185, 607

332
178, 426
159, 124

293
171, 871
130, 234

268
136, 064
151, 674

320
159, 652
166, 417

-11.7
-3.7
-18.2

-8.4
+7.7
-21.7

2,041
1, 074, 733
1, 027, 526

2,171
1, 185, 066
lr 173, 990

+6.41
+ 10.3;
+ 14.3-

37, 167
733
1,436

39, 582
744
1,648

+3.5

+9.8

+51.5

+96.6

274, 468
74,643
8,046

310, 978
' 7*5, 464
11,139

+13.3
+17. T
+38.4

+23.0

+56.3

NONFERROUS METALS-Continued
Electrical Equipment— Continued
Electric hoists:
New orders—
Quantity __ _
Value
Shipments
_.
Outlet boxes and covers:
Shipments
Vulcanized fiber:
Domestic salesTotal
Hollowware
Consumption

_

i

. .number. ..
dollars
.dollars

..

_ pieces

1, 288, 116 1, 609, 255 1, 452, 768 1,422,186

1,052
65
3,266

thous of dolls
thous. of dolls
thous. of Ibs

964
61
3,182

878
61
3,234

855
48
3,272

40, 079
965
1,094

39, 059
1,141
1,517

41,992

43, 472

2,139

3,240

641

FUELS
Coal and Coke
Bituminous:
ProductionUnited States
thous. of short tons..
46, 137
Canada
thous. of short tons
1,066
Exports ..—
thous. of long tons. .
1,143
Consumption—
By vessels
thous. of long tons..
423
By electric power
plants
._
thous. of short tons.
2 3, 490
By railroads
thous of short tons
9,025
By coke plants—
United States.thous. of short tons..
7,252
Canada
thous. of short tons
238
Prices—
Mine average (spot) .dolls, per short ton- .
2.01
Wholesale, Kanawha, f. o. b.
Cincinnati
dolls per short ton
3.39
Retail Chicago dolls per short ton
8.99
Anthracite:
Production
thous. of short tons
8,790
Exports
thous. of long tons..
297
PricesWholesale chestnut,
New York
dolls, per long ton
11.48
Retail, chestnut,
New York
dolls, per short ton
15.29
Coke:
Production, U. S.—
Beehive
_ thous. of short tons
1, 158
By-products
thous of short tons
3,777
Production, Canada. -thous. of short tons..
152
Exports
thous. of long tons.
87
Price, furnace,
Connellsville
dolls per short ton
3.28

401

437

521

23,125
8,063

2 3, 086
7,844

3,172

6,723
2232

6,742
242

6,465
230

6,915
236

410

3,166
7,392

5,474
161

5,391
131

+7.0
+2.6

+28.3
+80.2

1.92

1.93

1.90

1.91

1.95

1.94

+0.5

3.39
8.12

3.39
8.13

3.39
8.27

3.39
8.23

3.39
8.21

0.0
+1.7

8,054
327

8,937
386

8,429
390

2 7, 616
314

28,334
463

-5.7
+1.0

+1.1
-15.8

11.48

11.48

11.47

11.48

10.96

11.07

+0.1

14.50

14.50

14.50

13.78

13.88

0.0

884
3,722
159
80

811
3,610
152
76

963
3,756
158
81

596
3,157
110
50

529
3,171
89
64

+18.7
+4.0
+3.9
+6.6

+82.0
+18.4
+77.5
+26.6

3.13

2.94

2.84

2.94

2.90

2.91

+3.5

-3.5

48,982
1,670

+16.3;
+36.3;

52, 303
2,118

44,683
1,738

-14. 6
-17.91

5,832
22, 922
803
416

7,580
25,771
1,092
529

+30.0*
+12.4
+36.0
+27.2

437, 503

424,161

-&Q

40, 315
423, 718
9,697
6
61,728

36,761 1 -8.8
+3.6
439,143
10,036
+3.5
646,270 -25.0

+1.0

+5.2

42, 126
1,225

+4.5

981
3,602
149
55

+4.6
+5.4

+3.7

14.54

+22.8.

0.0
+0.7

8,237
295

3,058

« 19, 907
r 42, 438

-1.5

3.39
8.39

2,491
6 19, 029
7 40, 257

394
3,090
7,142

Petroleum
Crude petroleum:
64, 972
Production.
thous. of bbls..
61, 742
59, 988
62, 556
60, 669
Stocks, end of monthTotal (comparable)
thous. of bbls. _ 287, 710
286, 208 284, 009 281, 432 278, 184
Tank farms and pipe
252, 028 248, 550 244, 690 242, 149
lines
thous. of bbls
256,060
Refineries
thous of bbls
35, 459
36, 035
36, 742
31, 650
34, 180
California33, 583
35, 405
Light
thous of bbls
43, 996
38, 634
37, 179
87, 761
Heavy
thous of bbls
88, 180
87, 389
87, 682
85, 656
5,189
5,571
2 4, 502
Imports
thous. of bbls
7,216
5,906
65,341
67, 442
Consumption (run to stills) .thous. of bbls..
62, 493
65, 030
61, 289
1,652
1,852
Oil wells completed
number
1,304
21,517
1,417
7,522
8,482
Mexican field shipments thous of bbls
8,971
7,587
2,050
2,050
Price Kansas-Oklahoma
dolls per bbl
1,900
1,800
1,800
Gasoline:
ProductionRaw (at refineries).
thous. of gals. _ 969, 543
987, 633 1,029,378 1, 017, 996 1, 046, 934
110, 359
109, 617 110, 286 107, 031
Natural gas at plants
thous. of gals. . 113, 147
Exports
thous. of gals. _ 131,282
177, 610 188, 782 147, 657 150,909
969, 066 1, 014, 804
989, 856
Consumption
thous. of gals.. 779, 738
831,410
Stocks, end of month...
thous. of gals.. 1,936,336 1, 926, 725 1,802,094 1, 713, 264 1, 609, 230
.202
Price, motor, New York
dolls, per gal__
.210
.210
.180
.190
289, 824 2 313, 765 324, 480
Retail distribution, 21 States.thous. of gals.. 252, 034
Kerosene oil:
204, 204
2209,790
Production
thous. of gals.. 230,378
210, 488 2 218, 106 2
Consumption
thous. of gals.. 149, 565
121, 590
113, 778
140, 841 2 134, 862
354, 438
Stocks refineries, end mo
thous. of gals.. 293, 907 294, 603 2309,876 2330,834
.125
.099
.099
.098
.125
Price, 150° water white
dolls, per gal._
36, 046
40, 679
Retail distribution, 13 States.thous. of gals. . 32, 435
2

Revised.




6

Six months' cumulatives ending June 30.

66, 675

67, 318

310, 732

2308,231

-1.2

-9.7

276, 850
33, 882

2273,924
34,307

-1.0
-1.9

-11.6
+5.0

244,058
268,377
5,153
64, 847
1,706
8,913
1,810

243,411
272,388
4,283
2
67, 578
1,791
8,440
1,800

-5.1
+0.4
-6.9
+3.7
+12.1

-22.6
+21.2
+21.2
-0.2
+3.4

0.0

+13.9

2 944, 494

2969,066
90, 800
111,690
104, 857
2870,382 2960,918
2
1,676,500 1, 596, 294
.215
.220
2
289, 010 2298,636
2193,210
103, 992
471, 037
.075
31, 186
7

2192,864
2147,252
2444,402
.072
30, 903

+2.8
+8.0
+3.1 +21. 5
+2.2 +43.9
+5.6
+4.7
-6.1 +0.8
—4.5
0.0
-2.7
-6.4
+7.1
-20.8

+5.9
-22.7
-20.2
+37.5

6,210,682

6,863,913

+10.5

733, 684
5, 257, 513

1,066,717
5,955,950

+45.4
+13.3

61,414,734 61,650,695

+16.7

1,485,719
939, 588

+1.0
+4.8

1, 470, 666
896, 281

Five months' cumulatives ending May 31.

34

TREND OF BUSINESS MOVEMENTS—Continued
1926

PER CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

The cumulatives shown are through
July except where otherwise noted.

Earlier data for items shown here may
be found on pages 22 to 151 of the

August, 1926, "Survey"

March

April

May

June

July

June

July

July,
1926,
from
June,
1926

Per
cent
increase
or decrease

July,
1926,
from
July,
1925

1935

1926

+7.2

-9.1

8, 764, 165

8, 642, 050

-1.4

-2.4

+5.3

1,063,294
6225,527

1,098,198
6182,020

+3.3
-19.3

+13.9

-7.6
749, 160
486, 633

787, 631
550, 363

+5.1
+13.1

233, 444
18, 384
108, 633
50, 018
41, 669

230, 881
25, 063
95, 519
56, 918
36, 226

-1.1
+36.3
-12.1
+13.8
-13.1

9,033
6 136, 990
6 379, 933
695, 154
6 215, 776

7,621
6 125, 951
6 420, 141
731, 205
6 135, 856

-15.6
-8.1
+10.6
+5.2
-37.0

10, 911
51, 713

8,837
60, 975

-19.0
+17.9

2, 639, 301
4,521

2, 515, 280
4,293

-4.7
-5.0

cumulative
1926
from
1925

FUELS— Continued
Petroleu m— C ontinued
Gas and fuel oil:
Production
_
thous. of gals.. 1, 244, 967 1, 210, 724
Consumption—
By vessels
thous. of gals.. 142, 897 170, 536
By electric power plants.thous. of gals.. 30,017 226,782
By railroads
.thous. of gals.. 169, 662 163, 024
Stocks at refineries, end mo -thous. of gals.. 851, 234 830, 481
Price, Okla., 24-26 at
refineries
dolls, per bbl._
1.210
1.381
Lubricating oil:
Production
thous. of gals.. 110, 182 112, 131
85,314
Consumption
..thous. of gals.. 90, 565
Stocks at refineries, end mo.thous. of gals.. 320, 883 309,476
Price, Pa., 600°, steam
.162
.154
refined.
dolls, per gal._

1, 273, 482 1, 227, 912 1, 316, 742 21,365, 792 1,448,790

169, 608
26,066

165, 464

1.225

1.231

.935

.906

+0.5 +35.9

2119,952 2112,644
278,288 285,806
2321,552 2307,188

119,574
87, 738
307, 734

2 105, 001
287,438
2 278, 601

2104.958
262,874
2287,784

+6.2 +13.9
+2.3 +39.5
+0.2 +6.9

.146

.145

.143

.199

.184

-1.4

-22.3

33,299
5,023
11, 047
8,455
6,677

36, 338
3,411
16, 967
7,408
6,568

28,780
2,624
12, 712
6,358
4,755

-6.5
+4.8
-16.7
-1.7
+4.6

+15.7
+91.4
-13.1
+33.0
+40.4

256, 800
202, 145
35,776
18, 879

259, 078
202, 014
36, 749
20,315

156, 622
225,346
165, 557
2875,322
1.335

156, 240 157, 071
33, 258
35,806
157, 061 164,215
947, 268 1,079,232 1, 082, 056 1,168,482

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
..thous. of lbs._
Calfskins-.
thous. oflbs..
Cattle hides
thous. of Ibs
Goatskins
thous of Ibs
Sheepskins
thous. of Ibs. _
Stocks, end of month:
Total hides and skins
thous. oflbs..
Cattle hides
. thous. of Ibs. _
Calf and kip skins
thous. of lbs__
Sheep and lamb skins
thous. of Ibs. _
Prices:
Green salted, packers' heavy native
steers
.dolls, perlb..
Calfskins, country No. 1
dolls, perlb..
Leather
Production:
Sole leather. -thous. of backs, bends, sides..
Finished sole and belting
thous. of lbs~
Finished upper
thous. ofsq. ft__
Oak and union harness
stuffed sides __
Skivers
_
doz
Unfilled orders:
Oak and union harness _
sides
Stocks in process of tanning:
Sole and belting
thous. of Ibs. .
Upper
thous. of sq. ft_.
Stocks, end of month:
Sole and belting . ..
-thous. of Ibs. _
Upper _.
thous. of sq. ft_.
Exports:
Sole
.
-thous. of Ibs. _
Upper
thous. ofsq. ft_.
Prices:
Sole, oak, scoured backs,
heavy, Boston
dolls. perlb__
Chrome calf, "B" grades. .dolls, per sq. ft..

34, 170
3,293
13, 901
9,144
4,554

33, 608
3,702
14, 591
8,022
5,148

31, 497
2,883
13,629
8,749
3,867

35, 623
4,795
13, 257
8,597
6,383

276,324
230, 332
31, 872
14,120

280, 782
231, 719
33, 121
15, 942

281, 354
232, 645
33, 603
15, 106

293, 615
237, 937
37, 959
17, 719

.122
.170

.114
.165

.129
.168

.133
.167

.143
.172

.147
.200

.166
.218

+7.5
+3.0

-13.9
-21.1

1,113
21,644
73, 903
114, 678
25, 338

1,106
21, 492
68,675
109, 905
22, 390

2 1, 180
1,059
20,229
22,922
62, 807
82, 022
99, 413 2 100, 097
20,329
21, 776

1,107

1,331
24, 283
56, 190
89,604
30, 537

1,293
23,707
57, 718
99, 889
30, 613

-6.2

-14.4

-6.2

-6.0

+1.6

+4.6

93, 896

76, 992

76, 224

103,212

236, 130

149, 891

229, 537

79, 022
156, 956

79, 585
155, 454

78,971
153, 500

79, 337
141, 569

93, 098
130, 948

91, 125
135, 871

106, 182
303, 863

103, 843
306, 572

102, 551
306, 664

99, 835
300, 834

131, 286
319, 124

134, 726
304, 082

1,398
9,761

1,325
9,918

1,102
8,501

1,486
7,987

1,320
8,181

1,374
7,130

1,206
7,422

-11.2
+2.4

+9.5
+10.2

.46
.46

.46
.46

.45
.45

.43
.45

.41
.45

.48
.46

.46
.46

-4.7
0.0

-10.9
-2.2

240, 002

Leather Products
Belting sales:
367, 583 345, 709
-5.4
Quantity
pounds.. 397, 207 359, 298 337, 042 346, 739 327,856
-5.2
564
679
567
643
595
Value
thous of dolls
609
588
-5.2 -4.1
Boots and shoes:
29,928
23, 087
24, 889
23,449
Production
thous. of pairs
26,637
24,758
464
400
533
533
Exports
thous. of pairs
559
657
488 +14.9
+9.2
Wholesale prices—
Men's black calf
blucher, Mass
dolls, per pair..
6.40
6.40
6.40
6.40
6.40
6.40
6.40
0.0
0.0
Men's dress welt, tan
5.00
5.15
5.00
4.98
4.85
calf, St. Louis
dolls, per pair..
5.00
5.15
-2.6 -5.8
Women's black kid, dress
4.15
4.15
4.13
welt, lace, oxford
dolls, per pair..
4.15
4.00
4.15
4.15
-3.1 -3.6
Gloves:
Glove leatherProduction _
number of skins
650, 640 591, 328 582, 199 550, 559 499, 912
494, 052 442, 059
-9.2 +13.1
Stocks (tanned)—
In process
number of skins __ 1, 470, 313 1, 496, 396 1, 469, 279 1,446,430 1, 482, 470 1, 269, 346 1, 205, 971
+2.5 +22.9
Finished
number of skins _ . 537, 404 549, 436 569, 467 555, 112 510, 898
419, 211 420, 949
-8.0 +21.4
Gloves, cut—
183, 562
218, 961 222, 713 206, 850
213, 069
210, 598 190, 443 -13.8
Total
dozen pairs
-3.6
Dress and street51,816
49, 327
Imported leather
dozen pairs. _
54, 595
50, 240
44, 970
50,003
-1.8 +25.9
39, 186
Domestic leather
dozen pairs.. 35, 963
30, 792
34, 578
35, 544
34, 862
38, 579
31, 592 -20.2
-2.5
131. 050 119. 665 -16.7 -13.6
Work gloves
dozen pairs. - 131. 182 132. 574 121. 985 124. 239 103,443
2
6
Revised.
Six months' cumulatives ending June 30.




6160,450
4,116

6

154, 155
3,473

-3.9
-15.6

3, 723, 989

4, 046, 741

+8.7

1,495,819

1, 451, 227

-3.0

288,757
227, 861
890. 317

322, 000
230, 592
876. 623

+11.5
+1.2
-1.5

35
TREND OF BUSINESS MOVEMENTS—Continued
1936

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

M#rch

PER CENT INCREASE (+) OR
DECREASE (— )

1995

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

April

May

June

July

June

July

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

1935

1926

41, 150
34, 544

29, 759

24, 901

35, 821

43. 838
32, 154

43, 041
32, 455

Per
cent
increase
(+)
or decrease
(-)
cumulative
i 1926
; from
1925

RUBBER
Crude Rubber
World shipments, plantation
long tons _
55, 271
Imports (including latex)
._ long tons.. 42, 152
Consumption (quarterly):
Total
long tons
i 86, 757
For tires
_.
_.
long tons.. 1 73, 081
Stocks, end of quarter:
Total
__
-.
long tons.. i 58, 191
Manufacturers
...long tons.. i 48, 301
Dealers
- long tons
i 9, 890
Afloat
long tons. _ i 43, 204
Wholesale price, Para, N. Y
dolls, per lb._.
.448

+43.9

+10.4

224, 717

242, 446

+7.9

1 80, 140
i 68, 542

95, 771
82, 007

-7.6
-6.2

-16.3
-16.4

183, 413
153, 350

166, 897
141, 623

-9, 0
-7.6

1

.825

+1.8
+4.8
-12.6
-5.8
-2.6

+24.0
+35.5
-17.0
-16.4
-59.4

-2.4

.395

.383

59, 254
i 150, 610
8, 644
1
40, 713
.344

4,092
9,003
3,335

4,009
9,346
3,642

3,768
9,257
3,829

2 4, 066
2 8, 976
2 4. 208

3,780
8,072
3,649

4,063
5,432
4,950

4,191
4,815
4,624

-9.8
-7.0
-10.1 +67. 6
-13.3 -21.1

thousands
5,272
thousands . . 14, 348
thousands. _
3,672

4,916
15, 505
3,727

4,612
15, 855
4,654

2 4, 628
2
15, 182
2 5, 097

4,404
13, 192
6,418

5,207
7,807
6,683

5,658
6,477
6,761

-4.8 -22.2
-13.1 +103. 7
+25.9 -5.1

41
177
40

36
173
37

233
2172
238

36
195
48

64
116
70

58
112
58

+9.1 -37.9
+13.4 +74.1
+26.3 -17.2

.335

47, 770
37, 358
10, 412
48, 708
.619

Tires and Tubes
Pneumatic tires:
Production
_
Stocks, end of month
Shipments domestic
Inner tubes:
Production
S tocks, end of month
Shipments, domestic
Solid tires:
Production
Stocks, end of month. _
Shipments, domestic

_ thousands .
thousands...
thousands

thousands
thousands..
.thousands _ _

50
180
29

27, 552

26, 900

27, 142

23, 305

14 1

35, 830

34,058

-4.9

36, 193

29, 046 i -17.3

364

301

-17.3

376

241

-35.9

Other Rubber Products
Keclaimed rubber (quarterly) :
Production
long tons
i 44, 092
Stocks, end of quarter
...long tons.. 1 13, 377
Scrap rubber (quarterly) :
Stocks at reclaimers
long tons.. 1 85, 593
Consumption by reclaimers.
long tons.. i 52, 437
Rubber-proofed fabrics:
ProductionTotal
thous. of yds..
2,102
Auto fabrics
__
.thous. of yds..
449
Clothing fabrics
thous. of yds..
983
Rubber heels:
Production _
._. _ thous. of pairs.
17, 635
Shipments—
To shoe manufacturers, .thous. of pairs. .
9,111
To repair trade
thous. of pairs..
3,884
Stocks, end of month
thous. of pairs.. 52, 179

i 38, 841
14, 581

1

27, 523
i 8, 820

11 9 +41.1
+9.0 +65.3

52, 876

82, 933

+56.8

1
1

i 46, 152
1
35, 414

-18.3 +51.5
+1.8 +50.7

68, 044

105, 819

+55.5

7 7, 948
7 2, 929
6 2, 638

7 8, 244
+3.7
7 2, 285 -22.0
e 5, 345 +102. 6

1

69, 914
53, 382

1,579
400
656

1,730
659
646

778

1,595
566
529

1,587
595
693

15,097

11, 367

12, 769

14, 002

13, 472

6 98, 617

390,151

-8.6

6,157
3,282
56, 681

6,818
4,002
58, 326

7,541
5,902
56, 701

10, 229
6,045
46, 774

10, 186
8,509
37, 740

6 58, 061
6 27, 597

e 48, 882
e 24, 299

-15.8
-12.0

153, 057
160, 368
181, 248
24, 416

186, 918
162, 083
205, 935
15, 866

189, 580
161, 478
234, 037
19, 127

165, 312
155, 229
241, 754
26, 067

130, 197
147, 005
224, 948
21, 645

149, 942
145, 129
294, 358
30, 199

118, 571
136, 391
276, 347
23, 369

-21.2
-5.3
-7.0
-17.0

+9.8
+7.8
-18.6
-7.4

1, 077, 040
1, 008, 878

1, 114, 418
1, 077, 913

+3.5
+6.8

176, 847

155, 405

-12.1

235, 684
236, 768
39, 790
90, Oil
2.95

225, 664
226, 364
39, 078
102, 344
2.95

220, 142
220, 118
39, 274
106, 250
2.95

223, 534
221, 436
41, 170
136, 577
2.95

217, 146
220, 118
45, 710
129, 237
2.95

195, 992
196, 054
38, 012
111, 539
2.66

193, 158
189, 822
40, 220
107, 752
2.68

-2.9
-0.5
+11.0
-5.4
0.0

+12.4
+16.0
+13.6
+19.9
+10.1

1, 446, 082
1, 439, 738

1, 344, 874
1, 552, 670

-7.0
+7.8

776, 115

798, 163

+2.8

141, 032
153, 969
176, 893

142, 166
158, 601
161, 156

140, 516
163, 037

128, 847
124, 394
141, 083

121, 550
121, 849
135, 054

-1.2
+2.8

+15.6
+33.8

884, 533
870, 379
« 863, 092

984, 599
1, 056, 790
6
986, 843

+11.3
+21.4
+14.3

142, 294
151, 990
134, 870

141, 521
161, 108
162, 972

142, 690
161, 824
153, 865

126. 928
127, 326
126, 907

119, 586
122, 490
117,479

+0.8 +19.3
+0.4 +32.1
-5.6 +31 0

872, 131
867, 662
842, 962

981,418
1, 052, 097
1, 038, 217

+12.5
+21.3
+23.2

1,941
135, 251

1,526
141, 889

1,902
150, 778

3,126
114, 653

968
107, 767

12, 638
784, 990

13, 136
968, 881

+3.9
+23.4

18, 207
14, 331
128, 253
35, 770
3.50

18, 852
11, 795
115. 714
32, 291
3.50

16, 524
12, 963

PAPER AND PRINTING
Wood Pulp
Mechanical:
Production
short tons
Consumption and shipments.. .short tons..
Stocks, end of month
short tons..
Imports
short tons
Chemical:
Production
_
short tons
Consumption and shipments... short tons..
Stocks, end of month
..short tons..
Imports
_._
_
short tons..
Price-.
dolls perlOOlbs..

Newsprint Paper
Production:
United States
.short tons.. 145, 910 145, 327
Canada
short tons_. 154, 093 151, 739
Consumption
short tons . 170, 228 172, 670
Shipments:
United States
short tons
142, 666
144, 600
Canada
_
short tons
153, 157
154, 015
Imports..
short tons
158, 400
168, 463
Exports:
United States
short tons
1,475
2,392
Canada
short tons.. 173, 171 112, 828
S tocks, end of month:
At millsUnited States
short tons_.
18, 352
19, 478
Canada
short tons.. 14, 800
12, 415
At publishers
short tons.. 132, 416 128, 685
In transit to publishers
short tons..
34, 185
32, 506
Price, roll, f. o. b. mill
dolls, per 100 lbs._ ' 3.50
3.50
1
Quarter ending with month indicated.
2
Revised




+24.6
+6.3

+96.5
+39.9

31, 809
34,079 1 -12.3 -51.5
23, 965
23,258 ! +9.9 -44.3
151, 083
166, 368
31, 522
29, 617
3.50
3.70
-5.4
3.70
0.0
6
Six months' cumulatives ending June 30.
7
Five months' cumulatives ending May 31.

ji
1

36

TREND OF BUSINESS MOVEMENTS—Continued
1936

PER CENT IN| CREASE (+) OR

1925

DECREASE (— )

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

The cumulatives shown are through
July except where otherwise noted.

Earlier data for items shown here may
be found on pages 22 to 151 of the
August , 1926, "Survey"

March

April

May

July

June

June

July

!

Per
cent
increase
or decrease

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

+23.4
+22.7

+11.0
+36.7

4,473
940

4,485
919

+0.3
-2.2

-10.0
-23.0

-1.1
+0.5

83, 691
80,871

83, 933
81, 137

+0.3
+0.3

1925

1926

cumulative
1926
from
1925

PAPER AND PRINTING— Continued
Printing
Book publication:
American manufacture
no. of titles
Imported
-no. of titles .
Sales books:
New orders
- thous. of books
Shipments
-thous . of books _ _
Printing activity
weighted index number

705
144

649
189

847
146

13, 284
13, 072
110

11,471
11, 908
104

12, 250
11, 537
96

491
88

606
108

12, 946
12, 432 •
95

527
112

546
79

11, 638
9,578

12, 363
13, 054
96

11, 767
9,533
91

Box Board
Operation
inch hours 8, 826, 757 8, 446, 867 8, 263, 478 9, 043, 287 8, 607, 891 7, 983, 150 8, 272, 036
108.7
108.2
101.0
107.9 1
95.5
94.6
Operation
..
per ct. of capacity __ 100.9
203, 883
207, 653
218, 586
209,961
196, 522
220, 515
190,310
Production
- -tons
214, 733
198, 091
193,564 2 216, 013
200, 183
238, 846
211, 907
Orders received _ _ _
tons__
89, 622
83, 293
109, 437
122, 667
92, 022
111,919
Unfilled orders, end of month
tons._ 102, 362
198, 163
188, 622
184, 295
208, 197
208, 746
179, 953
200, 927
Consumption of waste paper
.tons
204, 554
208, 818
184, 928
212, 751
209, 538
190, 667
Shipments
_
tons'.. 216, 857
52, 049
51, 449
51, 769
57, 066
59, 452
64,600
59, 086
Stocks end of month
._
. tons
Stocks of waste paper, end of month:
134, 500
145, 875
136, 647
166, 467
160, 099
151, 253
147, 523
On hand
tons
44, 802
42, 971
50, 803
57, 470
39, 118
46, 311
60, 391
In transit and unshipped purchases, .tons _.

-4.7
-0.2
-3.9
— 11.3
+12.1
-3.7
-1.5
+2.9

+4.1 54,531,200 58,683,311
+14.1
+6.8 1, 292, 646 1,444,815
-2.8
1, 287, 034 1, 444, 532
+9.6
+9.0 1,227,501 1, 309, 739
+9.9 1, 275, 745 1, 436, 409
-8.5

+8.2
+4.4

+7.6
+11.8
+12.6

+6.7
+12.6

-7.9
+30.4

Other Paper
Book paper, total:
Production
short tons . .
Stocks, end of month _
.short tons . .
Coated book paper:
Production
per ct. of normal
Shipments
per ct. of normal production
Orders
..per ct. of normal production
Unfilled orders, end of month
days
Uncoated book paper:
Production
per ct. of normal
Shipments
per ct of normal production
Orders
per ct of normal production
Unfilled orders, end of month
..days..
Wrapping paper:
Production
short tons..
Stocks, end of month
short tons
Fine paper:
Production
_
_ _
short tons
Stocks end of month
short tons
All other grades:
Production
short tons
Stocks, end of month
short tons..
Total paper (inc. newsprint and box board) :
Production
.
short tons__
Stocks, end of month _ _
_ short tons

122, 725
56, 704

116, 589
56,137

109, 594
62, 312

111, 786
67, 920

100, 607
64, 524

103, 895
58, 667

101, 817
61, 600

-10.0
-5.0

-1.2
+4.7

94
97
91
10

92
97
82
8

89
87
79
6

88
88
83
6

83
84
81
6

88
86
74
8

76
77
73
8

-5.7
-4.5
-2.4
0.0

+9.2
+9.1
+11.0
-25.0

97
100
98
14

100
98
90
12

99
92
90
12

92
88
86
12

90
87
83
11

87
80
81
10

96, 289
70, 979

89, 461
69, 093

82, 905
70, 147

86, 323
72, 004

64, 524
67, 819

88, 630
111, 349

87, 586
105, 514

-25.3
-5.8

42, 408
50, 038

40, 855
49, 594

39, 271
51, 040

36, 780
53, 673

36, 524
52, 123

36, 715
51, 803

35, 143
50, 001

108, 462
73, 666

101, 035
75, 703

104, 575
80, 834

100, 602
82, 918

92, 482
80, 117

93, 318
67, 632

736, 289
321, 780

700,819
321, 452

681,314
334, 600

696, 212
352, 783

664, 197
340, 193 I

410, Oil
324, 983
85, 028

379, 259
299, 641
79, 618

382, 405
298, 150
84, 255

387, 650
302, 622
85, 028

85
87
79

81
82
77

79
79
78

77
77
78

750, 592

780, 629

+4.0

-26.3
-35.7

626, 784

594, 332

-5.2

-0.7
-2.9

+3.9
+4.2

260, 234

271, 388

+4.3

94, 629
67, 594

-8.1
-3.4

-2.3
+18.5

700, 195

821, 055

+17.3

641, 915
380,712

637, 247
383, 388

-4.6
-3.6

+4.2
-11.3

4,515,044

4,811,039

+6.6

403, 386
316, 039
87, 347

321, 836
242, 992
78, 844

340, 608
257, 879
82, 709

+4.1 +18.4
+4.4 +22.6
+2.7
+5.6

2, 295, 977
1, 767, 877
527, 750

2, 707, 814
2, 127, 303
580, 511

+17.9
+20.3
+10.0

77
78
75

74
73
76

76
75
77

603, 056
97, 824

-2.8
+17.3

Paperboard Shipping Boxes
Production:
Total
Corrugated
Solid
fiber
Operating activity:
Total
Corrugated
Solid
fiber

_ .thous. of sq. ft
thous. of sq. ft..
thous. of sq. ft
per cent of normal
per cent of normal
per cent of normal

+1.3
+4.0
—2 6

0.0
+1.3
-3.8

Other Paper Products
Rope paper sacks, shipments. ..index number..
Abrasive paper and cloth:
Domestic sales
.reams..
Foreign sales
reams
Labels, orders
per ct. of capacity

115

104

95

123

127 I

143

136

+3.3

-6.6

96, 354
18, 907
102.8

85, 142
15, 669
98.2

82, 181
14, 962
113.4

93, 003
13, 591
98.1

77, 756 j
12, 277 |

85, 503
14, 182
84. 4

78, 130
11, 407
91.8

-16.4
9.7

-0.5
+7.6

620, 494
83,371

3, 856
1, 365
166, 418

6,209
1,357
166, 224

5, 858
1,379
162, 565

4,318
1,277
166, 738

4, 306
3, 793 j
1, 143 1
1, 216
| 158, 953

3,759
1, 109
162, 256

-12.2
+0.9
-10.5 ; +3.1

28, 342
8,026
e 852, 446

196
197

196
197

197
197

195
196

197
197

197
198

195
195

+ 1.0
+0. 5

199

199

199

199

198

194

194

-0. 5

207

207

205

208

208

205

205

205
213
200
201

205
213
200
202

203
213
200
202

203
213
200
201

20]
20?
203
199

199
208
201
199

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Minneapolis, Minn. _
Portland, Oreg
Real estate conveyances (41 cities)

number
number
number..

Building Costs (Index Number)
Building materials:
Frame house, 6-room, 1st of monthBrick house, 6-room, 1st of month
Concrete factory costs (Aberthaw), 1st of following month
Building costs (Engineering News Record),
1st of following month
Construction index:
Frame
index number
Brick, wood frame
index number
Brick, steel frame
index number..
Reinforced concrete
index number. _




2 Revised.

'

;

+1.0
+1. 0
+2. 1 I

0. 0 ; +1. 5

0. 0 ! +2. 0
0. 0 i +2. 4
-1. 5 -2. 0
-0.5 ' +0.5
' Six months' cumulatives ending June 30.
203
213
197
200

i
29, 519
+4.2
8,940 +11.4
6
882, 708 ; +3.6

37

TREND OF BUSINESS MOVEMENTS—Continued
1996
The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

March

PER CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

Per
cent
increase
(+)
or decrease
(-)
cumuative
1926
from
1925

May

June

July

June

July

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

1925

1926

14, 981
5,277
51, 726
4,907

12,045
6,785
48, 783
6,194

12, 015
5,610
44, 154
5,635

10, 704
9,209
34, 999
5,876

13, 713
3,973
42, 988
9,022

13, 153
5, 643
48, 081
7, 645

-10.9
+64.2
-20.7
+4.3

-18.6
+63.2
-27.2
-23.1

83, 468
33, 869
290, 798
36, 210

84, 274
49, 415
298, 378
31, 640

+1.0
+45.9
+2.6
-12.6

5,889
83, 454

6,012
80, 704

5,938
73, 802

4,901
66, 004

6,597
76, 756

7,251
82, 210

-17.5
-10.6

-32.4
-19.7

36, 919
489, 393-

36, 102
499, 922

-2.2
+2.2

87, 895
41, 524
257, 965
37, 245

63,006
44, 560
236, 640
37, 188

66, 064
53, 725
224, 771
38, 845

65, 347
59, 703
177, 646
40, 874

92, 152
25, 161
208, 583
64, 585

67, 166
58, 148
224, 713
57, 572

-1.1 -2.7
+11.1 +2.7
-21.0 -20.9
+5.2 -29.0

464, 635
250, 733
1, 405, 019
262, 033

501, 258
380, 790
1, 604, 023
214, 678

+7.9
+51.9
+14.2
-18.1

50, 685
76, 940
552, 253
37, 292

46, 978
92, 335
520, 707
57, 140

47, 798
91, 809
523, Oil
54, 186

48, 374
109, 436
501, 380
33, 865

57,214
92, 916
540; 610
33, 230

48, 658
72, 743
529, 000
22, 179

+1.2
+19.2
-4. 1
-37. 5

-0.6
+50.4
-5.2
+52.7

311, 265
495, 108
3, 189, 254
147, 724

305, 209
585, 291
3, 491, 247
227, 409

-1.9
+18. 2
+9.5
+53. 9

52, 408

32, 764

28, 676

31, 723

23, 651

29,622

+10.6

+7.1

227, 170

260, 509

+14.7

0.0
+0.6
+5.9
-1.5
-8.6
-68.6
-3.3

-4.6
-0.4
-7.5
-10.1
-32.0
-99.5
-3.3

3, 353, 364
3, 263, 810
3, 294, 471

3, 174, 114
3, 276, 348
3, 272, 766

-5.3
+0.4
-0.7

447, 320
105, 823

338, 141
19, 529

-12.2
-11.9
-7.3
-31.8
-45.0
0.0

+1.9
-9.4
-8.7
+6.8
+78.'4
0.0

3, 688, 168 3, 793, 814
3, 871, 704 3, 937, 954
3,840,357 4,001,969
437, 185
346, 399
310, 842
188, 167

+2.9
+1.7
+4.2
+26.2
+64.6

-27.0
-6.8
-19.7

-21.2
+17.7
+17. 1

305, 093
265, 776
260, 195

302, 225
276, 022
300, SCO

-0.9
+3.9
+15. 6

-8.9
-7.8
+0.2

-7.3
+6.6
+3.7

697, 018
665, 381

831,819
817, 926

+19.3
+22. 9'

-4.0
+7.7
-0.2

-3.3
+7.6
+17.2

1,013,155
970, 514

1,026,859
1, 008, 552

+1.4
+3.9

6 320, 943
6 315, 441

6 297, 374
6 295, 967

-7.3
-6.2

Apri-1

BUILDING CONSTRUCTION AND
HOUSING— Continued
Construction and Losses
Contracts awarded, floor space (36 States):
15, 431
Commercial buildings
thous. of sq. ft_.
7, 033
Industrial buildings
..thous. of sq. ft._
49, 139
Residential buildings
thous. of sq. ft._
3,936
Educational buildings
thous. of sq. ft..
Other public and semi5,880
public buildings
thous. of sq. ft_.
81, 800
Grand total
thous. of sq. ft..
Contracts awarded, U. S., value (36 States):
Commercial buildings
thous. of dolls. _ 104, 113
47, 776
Industrial buildings
thous. of dolls
252, 425
Residential buildings
__thous. of dolls
28, 576
Educational buildings
thous. of dolla
Other public and semi46, 627
public buildings
thous. of dolls__
Public works and utilities. -thous. of dolls. . 97. 283
576, 800
Grand total.
thous. of dolls
19, 779
Contracts awarded, Canada
thous. of dolls..
Fire losses:
42, 855
United States and Canada. -thous. of dolls..
LUMBER PRODUCTS
Softwood Lumber
Southern pine:
459, 378 471, 480
Production (computed)
M ft. b. m._ 479, 370 454, 005 460. 346 449, 745 449, 794
461, 944 473, 900
492, 779 479, 176 469, 108 471, 819
Shipments (computed)
M ft. b. m_. 469,737
455, 554 498, 055
489, 003 435, 126 460, 685
Orders (computed)
M ft. b. m._ 475, 836 474, 287
Stocks end of mo (computed) \I f*~ b m 1, 178, 497 1, 120, 803 , 102, 498 , 086, 086 1, 070, 179 1, 184, 431 1, 189, 859
46, 905
48, 992
44, 790
64, 601
65, 871
51, 362
56, 908
Exports, lumber
_M ft. b. m.
156
126
85
9,436
183
271
16, 040
Exports, timber..
M ft. b. m.
44.14
44.66
47.96
45.76
44.63
43.17
46.88
Price
flooring
dolls per JVI ft b m
Douglas fir:
612, 382 521, 062 545, 682 560, 455 491, 965
571, 198 483, 012
Production
M ft. b. m
612, 829 561, 798
629, 392 538, 072 583, 732 577, 913 508, 975
Shipments (computed)
M ft b m
584, 028 582, 837
660, 280 514, 795 562, 693 573, 884 532, 253
New orders
M ft. b. m.
41,715
65, 340
63, 976
78, 509
70, 816
44, 531
61, 632
Exports, lumber.
. M ft. b. m.
65, 518
33, 408
37, 909
53, 437
20, 216
Exports, timber
M f t b. m
54, 261
36, 065
16.50
16.50
16.50
16.50
16.50
16.50
16.50
Price, No. 1 common. .dolls, per M ft. b. m.
California redwood:
40, 404
49, 544
37,416
57, 078
42, 413
50, 023
29, 496
Production (computed) .
M ft. b. m.
41,754
32, 025
47, 687
41, 616
41,370
40, 448
37, 702
Shipments (computed)
M ft. b. m.
42,978
29, 414
53, 913
46, 352
42, 530
34, 135
39, 390
Orders received (computed) _ . _ M ft. b. m.
California white pine:
161,382 169, 420 154, 409
165, 516
166, 656
96, 129 148, 662
Production.
_
M ft. b. m
115,576
117,601 133, 923 123, 414
107, 911 115, 795
123, 666
Shipments
M ft. b. m.
545, 982 584, 721
485, 007 521, 153 521,237 605, 169 606, 335
Stocks end of month
~M. ft b m
Western pine:
179, 468
151, 165 164, 256 179,111 2 180, 746 173, 599
180, 919
Production (computed)
M ft b m
149, 624
154, 981
152, 165
144, 836
144, 653 2 154, 785 166, 767
Shipments (computed) ._
M ft. b. m.
964, 260
1, 094, 268 1, 081, 820 1, 145, 787 21,170,478 1, 168, 344
996, 619
Stocks, end of mo. (computed). M ft. b. m.
North Carolina pine:
57,790
39, 305
48, 895
54, 222
58, 898
45, 136
Production (computed)
M ft b m
51, 702
43, 729
45, 388
Shipments (computed)
IVI ft b m
47, 348
63, 350
43*631
Northern pine:
Lumber —
66,200
64, 313
45, 493
43, 493
51, 571
51, 549
36, 742
Production
M ft. b. m.
47, 351
46, 265
49, 534
46, 732
51,972
56,490
43, 260
Shipments
.
M ft. b. m.
38, 622
42, 000
41, 874
48, 928
46, 170
50, 690
46, 783
Orders received
M ft b m
Lath17, 978
18,397
8,791
9,950
15, 728
15, 944
10, 076
Production
__
M ft. b. m.
11,444
11, 989
14, 576
13, 599
9,570
18, 348
13, 422
Shipments
M ft b m
Northern hemlock:
17,712
18,313
24, 298
16, 291
17, 727
16, 229
Production
M ft b m
21, 892
14, 629
25, 107
18, 417
20, 154
20, 326
Shipments
M ft. b m

-24.

4r

-81.5

0.0
+8.7
-7.7

-19.8
+14.0
-4.4

351,568
303, 408
274, 705

294, 219
325, 781
305, 044

-16. 3
+7.4
+11.0

+1.4
-26.8

-13.3
-7.9

95, 183
56, 186

78,017
83, 221

-18.0
+48.1

6
89, 640
e 100, 893

6 100, 893
6
100, 711

+12.6
-0.2

Hardwood Lumber
Southern cypress:
Production
M ft b m
Shipments
M ft b m
New orders
__M ft. b. m_.
Unfilled orders, end of month.. M ft. b. m_.
Northern hardwoods:
Production
M! ft b m
Shipments
.
M ft. b. m .
Walnut lumber:
Production
.
M ft. b. m
Shipments
M ft b m
Stocks end of month
M! ft b m
Walnut logs:
Purchased
M ft log measure
Made into lumber and
veneer
M ft log measure
Stocks, end of month... M ft. log measure.
All hardwoods:
Production (computed)
"M. ft b m .
Shipments (computed)
M ft. b. m. .
Orders (comDUted)
M ft. b. m. .
2 Revised.




—3.0
-2.0
—5 3
+17.0

28,389
20, 636
19,088
22,342

26, 354
31, 241
28, 619
23,594

26, 649
27,190
25,379
24,094

26, 407
26, 536
21, 750
24,038

29, 264
21, 052
20, 151
19,094

54, 622
33,301

47, 226
30, 249

41, 499
25,863

27, 470
26, 867

41, 299
26, 282

26,223
28,909

6 266, 965
6 147, 853

6271,068
e 182, 842

+1.5
+23.7

2,874
4,011
17, 473

3,077
3,143
17, 368

2,787
2,778
16,974

3,043
3,074
16, 992

3,589
3,119
19, 515

3,873
2,940
20,736

6 24, 780
6 21, 150

618,080
6 20, 257

-27.0
-4.2

2,781

2,597

3,380

3,417

2, 921

2,880

6 20, 691

6 16, 810

-18.8

2,821
1,388

2,472
1,513

2,630
2,151

2,803
2,961

3,261
4,374

2,656
4,599

6 19, 944

e 15, 102

-24.3

82,000
86,000
90.000

80,000
85,000
81,000

85,000
82,000
87,000

95,000
84,000
92.000

-1.1 +27.0
74,000
94,000
+8.3 +5.8
86,000
91,000
0.0
92,000
91,000
+1.1
6
Six months' cumulatives ending June 30.

i
|

38

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

March

April

PER CENT INCREASE (+) OR
DECREASE (— )

1925

May

June

July

July

•June

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

CUMULATIVE TOTAL
FROM JANUARY 1 !
THROUGH JULY 31 \

Per
cent
increase
or decrease

1925

cumulative
1926
from
1925

1926

LUMBER PRODUCTS— Continued
Hardwood Lumber— Continued
All hardwoods— Continued.
Total stocksTotal hardwoods
Gum
. Oak
.
Unsold stocksTotal hardwoods
Gum
Oak
•
Unfilled ordersTotal hardwoods
Gum
Oak

M ft. b. m . 769, 992
M ft. b. m_. 221, 397
M f t . b. m_. 247, 154

790, 558,
224, 164
252, 375

807, 583
229, 017
258, 404

820, 714
235, 525
259, 965

819, 196
232, 729
269, 228

796, 324
241, 912
253, 228

802, 349
242, 377
252, 198

-0.2
-1.2
+3.6

+2.1
-4.0
+6.8

M ft. b. m_.
M ft. b. m._
M ft. b. m__

593, 243
168, 507
184, 817

626, 807
175, 405
192,072

636, 253
175, 453
198, 839

640, 937
175, 186
199, 732

641, 713
166, 894
210, 390

658, 998
197, 199
210, 831

653, 174
196, 281
201, 981

+0.1
-4.7
+5.3

-1.8
-15.0
+4.2

M ft. b. m__ 208, 965
M ft. b. m _ 68, 952
M ft. b. m . 68, 884

193, 150
61,355
67, 863

202, 383
69,200
67, 212

210, 850
73, 617
68,836

206, 584
73, 191
67, 198

156, 356
53, 542
47, 226

169, 152
52, 736
57, 236

-2.0
-0.6
-2.4

+22.1
+38.8
+17.4

Production 10 species
M! ft. b. m 2, 737, 616 2,591,512 2,677,098 22,590,815 2,450,000 2, 745, 777 2, 563, 211
Exports planks joists etc
M ft. b. m _ 188, 249 173, 675 173,466 178, 197 142, 895
158,369
183, 170
Retail yards, Minneapolis district:
gales
M ft. b. m__ 10, 716
14,554
19, 021 2 22, 543
24, 656 2 23, 321
20, 611
Stocks end of month
M ft. b. m _ 115, 786 117,447 114, 779 2112,412 109, 909
110,496 2110,387
Composite lumber prices:
.»,„.,
43.00
41.96
Hardwoods
dolls, per M ft. b. m..
40.94
40.22
41.61
39.95
41.70
31.44
31.48
Softwoods
dolls, per M ft. b. m__
29.85
31.46
30.22
29.93
30.21

-5.4
-19.8

Total Lumber

Fl coring
Maple flooring:
Production
M it. D. m .
Shipments
M ft. b. m__
Stocks end of month
_ _ _M ft. b. m__
Orders booked
M ft. b. m _
Unfilled orders, end of month.. M ft. b. m._
Oak flooring:
Production
M it. D. m__
Shipments
- -M ft. b. m__
Stocks end of month
M ft. b. m _
Orders booked
M ft. b. m__
Unfilled orders, end of month.. M ft. b. m__

-8.6
-2.2
-4.0
0.0

18, 170, 768 17,772,033
-4.4
-9.8 1, 149, 507 1, 168, 928

-11.6
-0.4

-2.2
+1.7

113, 720

103,566

-8.9

-0.7+1.2

9,624
9,221
31, 197
9,224
11,761

9,339
9,099
30, 733
8,281
9,919

8,283
8,074
31, 689
7,433
8,920

8,624
9,334
30,290
9,949
9,317

8,329
10,414
28, 557
8,963
8,755

7,600
8,353
28, 504
9,244
9,498

7,962
10, 167
26,399
12, 172
11,012

-3.4
+11.6
-5.7
-9.9
-6.0

+4.6
+2.4
+8.2
-26.4
-20.5

58, 524
56, 121

59,966
58, 811

+2.5
+4.8

56,012

59, 207

+5.7

47, 686
43, 543
57, 291
42, 267
45,231

48,642
43,007
62,656
40, 223
42,491

41, 998
42, 139
60, 282
41,415
41, 513

44,056
46,035
59, 737
45,302
41, 744

44,789
46, 259
56,450
47,545
39, 260

41, 692
43, 699
53,494
46,003
50, 092

44,026
48, 029
45, 155
49, 904
53, 740

+1.7
+0.5
-5.5
+5.0
-6.0

+1.7
-3.7
+25.0
-4.7
-26.9

292, 144
288, 544

316, 882
300, 189

+8.5
+4.0

285, 894

284, 609

-0.4

57,364
58,484

48,486
49, 344

42,941
50, 130

41, 695
48,025

40, 331
68, 891

41, 637
33, 916

44, 700
53, 420

-3.3
+43.4

-9.8
+29.0

270, 610

326,185 i +20.5

30
25

24
20

22
29

22
28

26
42

17
27

25
34

+18.2
+50.0

+4.0
+31.3

68

55

57

60

72

56

63

+20.0

+14.3

52
13.5
100

50
23.0
100

47
25.0
100

47
11.0
100

46
5.0
97

51
10.0
93.5

56
8.0
95.0

-2.1
-54.5
-3.0

-17.9
-37.5
+2.1

10, 811
3,154

8,784
3,149

9,256
2,592

8,332
1,897

8,031
2,511

9,296
3,214

9,219
3,324

-3.6
+32.4

-12.9
-24.5

72, 608

69, 892

-3.7

10, 916
13, 222

8,782
11, 140

9,443
11,690

9,878
11,153

7,604
9,979

9,519
11,689

9,077
10, 638

-23.0
-10.5

-16.2
-6.2

72, 350
88, 776

68, 877
80, 528

-4.8
-9.3

3,401
4,721

3,301
4,189

2,609
3,678

3,605
3,936

3,696
3,406

5,349

4,278

3,824

3,443

4,437

4-28.9

214

126

138

344
208

227
172

—34.0
-17.3

Wooden Furniture
Household furniture and case goods:
Shipments.dolls., average per firm..
Unfilled orders
dolls., average per firm..
Grand Rapids district:
Shipments
No of days' production _
New orders
No. of days' production..
Unfilled orders, end of
month
No. of days' production..
Outstanding accounts, end of
month
No. of days' sales
Cancellations
per cent of new orders
Plant operation
per cent of full time
Piano benches and stools:
New orders
dollars. _
Unfilled orders
dollars
ShipmentsValue
dollars..
Quantity
.. pieces..
^
Plywood and Veneer
Plywood:
Bookings
thous. of sq. ft. of surface..
Shipments
thous. of sq. ft. of surface
Unfilled orders, end of
month
thous of sq ft of surface
Rotary-cut veneer:
Purchases
number of carloads
Receipts
number of carloads _ _

i

!

-4-2. 5

-13.5

i

|;

Barrel Headings
Circled headings for wooden barrels:
Production (rough)
Shipments (finished)
Sales (finished)
Unfilled orders, end of month
Stocks on hand, end of month

1

332, 551
997, 792
395, 583
790, 622
451, 808
sets
814, 754
492, 072
581,809
596, 824
813, 932
sets
504, 087
699, 165
847, 249
675, 166
308, 803
sets
sets__ 987, 222 1, 237, 374 1, 446, 864 1,853,831 1, 832, 283
sets.. 1, 853, 125 1,411,589 2, 074, 040 2, 676, 208 2, 578, 671

+26.2
+0.1
4-21.2
—1.2
-3.fi

STONE, CLAY, AND GLASS
PRODUCTS
Pace brick, averages per plant:
Production.. _. . thousands..
Shipments
thousands
Stocks end of month
thousands j
Unfilled oroVrs. pnrl of month

2 Revised.




thousands

1

648
628
2,443
1 . 032

752
798
2,337
1.334

780
896
2,082
1.257

836
895
2,028
1.130

859
823
2,040
1.147

817
875
1,589
1.153

837
822
1,503
1.007

+2.8
-8.0
+0.6
+1.5

+2.6
+0.1
+35.7
+13.9

5,040
4,938

4,935
4,764

-2.1
-3.5

39
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

1936

July,

March

April

May

June

339, 392
69, 597
150,485
280, 612
17
17.00

265, 093
61, 934
146,431
277, 412
6
17.00

250, 849
77, 173
192,065
265, 435
4
17.00

193, 246
46,310
149, 170
220, 078

22, 642
10, 996
123, 997
21, 805
18
63, 364

22, 496
16, 491
128, 137
18, 358
749
64, 081

21, 103
22, 645
123, 808
30, 296
302
71, 430

26, 342
30, 312
115,971
35, 451
2,396
75,283

July

1926,
from
June,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

July,
192fi,
from
Julv,
1925

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

17.00

225,451
82, 987
173,215
326, 226
5
15.50

227, 306
92, 267
180,407
292, 775
12
15.50

0.0

30, 731
31, 973
126, 038
31, 125
1,014
82, 239

30, 635
34, 317
117, 543
29, 270
1,855
75, 389

+4.8
+23.5
-12.7
+17. 8
-83.6
+4.9

-9.9
+9.1
-13.9
+42.7
-78.9
+4.7

82

79

+12.7
-19.3
11.6
-1.8
-3.2

-8.4

195, 498
132, 800

159, 693
138, 020

-18.3
+3.9

159, 478

178, 109

+11.7

& 31, 576
6 28, 777
6 10, 697

+33.0
+1.7
+29.0

-10.1

205, 597
272,463
519, 874
321, 455

6 857, 705

+9.7

27, 611
37, 443
101, 243
41, 761
392
78, 947

1926

6 23, 737
e 23, 293
e 8, 276

July

1925

6936,289

June

+35.6
+3.1
-5.4
+63.5

STONE, CLAY, AND GLASS
PRODUCTS— Continued
Common brick:
Stocks, end of monthBurned
thousands
Unburned
thousands
Shipments
thousands
Unfilled orders
thousands
Plants closed down
number
Price, red, New York
dolls, per thous__
Paving brick:
Production, actual
.. thousands _
Shipments _ _ _.
thousands
Stocks, end of month
thousands
Orders received _
thousands
Cancellations
'
thousands
Unfilled orders, end of month. .thousands _.
Operations, relation to capacity
__ _
percent
Vitreous china plumbing fixtures:
Orders received
pieces
Shipments
pieces
Unfilled orders end of month
pieces
Stocks, end of month
.pieces.Floor and wall tile:
Production
thous of so ft
Shipments, quantity
thous of sq ft
Shipments value
thous of dolls
Stocks, end of month.
thous. of sq. ft
Architectural terra cotta, bookings:
Quantity ... _ .
net tons
Value
thous. of dolls..

17.00

57

57

49

63

71

269, 188
282, 542
525, 223
497, 496

198, 116
233, 124
490, 225
532, 558

249, 867
266, 998
473, 094
585, 153

345, 486
317, 832
500, 748
542, 292

278, 771
280, 956
491, 629
525, 044

5,524
4,867
1,817
8,359

5,242
5,084
1,832
8,246

5,374
4,964
1,847
8,518

5,650
5,408
2,017
8,284

15, 617
2,046

18, 924
2,322

12, 338
1,609

10, 581
1,378

10, 355
9,539
23, 200

12, 401
12, 961
22, 640

16, 472
17, 951
21, 173

1.65
1.75

1.65
1.75

7,938
4,663

4,408
4, 526
1,625
7,389

4,508
4,839
1,725
7,194

17, 613
2,165

14, 964
1,806

10, 774
1,392

+66.5
+57.1

+63.5
+55.5

93, 076
10,973

99, 157
12, 567

+6.5
+14.5

16, 827
19, 113
18, 900

17, 121
18, 767
17, 254

15, 387
17, 501
16, 400

15, 641
18, 131
13, 896

+1.7
-1.8
-8.7

+9.5
+3.5
+24.2

88,483
88, 217

88, 794
89, 823

+0.4
+1.8

1.65
1.75

1.65
1.75

1.65
1.75

1.75
1.75

1.75
1.75

0.0
0.0

-5.7
0.0

13, 563
8,758

14, 008
8,911

10, 750
6,948

10, 856
5,663

10, 222
5,981

12, 044
6,362

+1.0
-18.5

-9.9
-11.0

69, 977
45, 563

65, 756
39, 831

-6.0
-12.6

8,535
430
10, 690

9,981
495
10, 851

23,311
968
10, 893

22, 709
1,134
10, 961

13, 519
605
11, 100

27, 520
1,395
12, 536

11, 038
581
12, 276

-40.5
-46.6
+1.3

+22.5
+4.1
-9.6

114, 303
5,399
87, 125

102, 002
4,510
76, 136

-10.8
-16.5
-12.6

11,617

10, 726

11,029

12, 525

9,885

9,928

6

56, 561

6

67, 170

+18.8

6

21, 040

6 19, 102 i
jl
1

-9. 2

Portland Cement
Production
thous. of bbls..
'Shipments
_.
_
..thous. of bbls..
Stocks, end of month . __ _ thous. of bbls
Wholesale prices:
Chicago district..,
.
dolls, per bbl
Lehigh Valley
_
dolls, per bbl_.
Highways
Concrete paving contracts awarded:
Total
thous. of sq. yds..
Roads
thous. of sq. yds..
Federal aid highways:
Completed—
Cost
thous. of dolls__
Distance
_
miles
Under construction
.
miles. .
Plate Glass
Production, polished.

thous of sq ft

Glass Containers
Orders and contracts
Actual production,:
Quantity
Relation to capacity
Shipments
Stocks, end of month..
Unfilled orders

gross
.
__

2,290

1,663

1,754

1,862

1,935

+3 9

gross
per cent..
gross
gross
gross.

1,977
68.3
2,056
5,915
10, 116

2,051
74.2
2,179
5,781
9,522

2,130
76.5
2,381
5,543
8,918

1,988
70JO
2,288
5,276
8,116

2,016
71.0
2,117
5,138
7,232

+1.4
+1.4
—7. 5
2 6
— 10.9

3, 517
43.9

43.5

3,575
47. 1
45.3
42.9

3,123
42.8
45.9
41.3

2,916
47.6
47.9
45.6

3, 556
48.4
40.2
46.8

2,298
30.4
35.6
34.4

1.1
6.4

1.0
6.3

1.0
6.0

2.5
4.7

2.3
6.7

2.2
6.4

1,127
.73
58, 082
11, 696

453
.75
12, 225
6,013

Illuminating Glassware
Production:
Total .
number of turns
Ratio to capacity.
per ct. of capacity
New orders
- - per ct. of capacity
Shipments
per ct. of capacity-Unfilled orders, end
of month
number of weeks' supply
Stocks -.
number of weeks' supply
CHEMICALS AND OILS
Chemicals
Sulphuric acid:
1,325
Exports
thous oflbs
1,030
.70
.70
Price wholesale, 66°, N.Y.dolls. per 100 lbs_.
124, 370
171, 929
Nitrate of soda, imports
. . _ . long tons.
24, 827
38, 856
Potash, imports
long tons
Acid phosphate:
Production.
.short tons.. 346, 182 298, 227
664, 036
952, 797
Consumption
short tons
Stocks, end of month
short tons__ 1, 544, 347 1,081,293
6
Six months' cumulatives ending June 30.




2
2

227, 269
255, 225
175, 740
68, 768
840, 543 1,013,207

1,154
.75
23, 367
25, 2S7

660
.70
59, 016
13, 803

355 +154. 7 +225. 1 i!
.70
+7. 1
0.0
68, 791 +91.1 -66. 0 i
25, 954 +320. 5
-2.6

239, 031 290, 875
56, 319
30, 989
716, 709 1, 337, 635

5,245

800, 465
146, 471

6,753 j +28.8

649, 954
160, 676

-18.8
+9.7

6
1,901, 266
2, 644, 971 6 2,612,745

+9.5
12
i.z

6
1,735, 585
6

40

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

March

PER CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

July

July,
1926,
from
June,
1926

July,
1926,
from
July,
1925

1925

1926

37, 231
94, 805

2 13, 973
120, 171

-58.7
-2.6

+64.4
— 26. 3

4, 589, 280
663, 487

4, 589, 760
667, 672

0.0
+0.6

217
2,743

291
2,128

421
2,081

-19.3
+65.1

-48.5
+31.8

2,268
15, 522

1,355
14, 484

-40.3
-6.7

206
167
155
114
165

191
161
156
112
154

187
175
158
111
153

0.0
-0.6
0.0
0.0
-2.9

+10.2
-4.6
-1.9
+2.7
+7.8

11, 803
12, 182
23, 737
2,457
2.75

74, 911
69, 930

6 76, 216
6
66, 686

+1.7
-4.6

1,909
3.25

11, 262
15, 362
24, 092
1,498
2.75

11, 501

10, 697

-7.0

63, 843, 580 6 906, 541
63,
3, 647, 719 4, 105, 373

+1.6
+12.5

April

May

June

July

June

673, 440
110, 588

154, 515
116,228

55, 572
90, 998

22, 978
88, 622

165
1,666

135
2,326

269
1,661

204
179
156
113
149

203
175
156
112
154

206
168
155
114
170

CHEMICALS AND OILS— Continued
Chemicals— Continued
Fertilizer:
Consumption in Southern
States
short tons 1, 740, 293
Exports
long tons . . 106, 850
Dyes and dyestuffs, exports:
228
Vegetable
-- - thous. of lbs__
2,925
Coal-tar
thous. of Ibs
Price index numbers:
205
Crude drugs
index number..
192
Essential oils
. index number..
156
Drugs and pharmaceuticalS-index number..
112
Chemicals
index number. .
152
Oils and fats
index number..
Wood Chemicals
Acetate of lime:
13, 364
13, 284
13, 040
10, 937
Production
thous. of Ibs
9,660
11, 093
12, 910
11,626
Shipments or use
thous of Ibs
22, 594
24, 980
25, 282
23, 452
Stocks end of month
thous. of Ibs
1,893
2, 235
2,251
503
Exports
thous. of Ibs
3.25
3.25
3.25
3.25
Price, wholesale
dolls, per cwt_.
Methanol, crude:
2
684, 430 709, 051 643, 476
540, 076
Production
gallons
629, 671 797, 594
Shipments or use
gallons 2 617, 522 583, 639
Stocks, producers', end of month.. gallons. .21,264,656 1, 418, 617 1,442,842 1, 230, 692
583, 085 531, 370 604, 598 677, 144
Purchased by refiners
gallons.
963, 093
Consumed by refiners
gallons.. 756, 346 633, 731 802, 337
Stocks at refineries, end of month. .gallons.. 750, 480 850, 999 876, 428 600, 780
26, 794
62, 139
16, 001
37, 8J 1
Exports
gallons..
.55
.57
.55
.55
Price, wholesale, N. Y
dolls, per gal-Canada—
28, 072
28, 537
30, 561
13, 379
Consumed
_ _ gallons
22, 451
23, 827
20, 664
Stocks, end of month
gallons. . 33, 089
Methanol, refined:
United StatesProduced
gallons . . 559, 505 525, 008 477, 559 652, 692
Stocks, end of month, at
512, 606
refineries
gallons. _ 557, 711 623, 538 567, 444
Canada26, 995
27, 460
12, 670
29, 140
Produced
gallons
81, 259
72, 629
75, 276
Stocks, end of month _ _
gallons
76, 108
Wood at chemical plants:
75, 005
71, 220
Consumption (carbonized)
cords
73, 240
61, 115
Stocks, end of month
cords
477, 566 460, 743 462, 706 436, 812
Daily capacity, wood-chemical plants:
4,635
4,635
4,635
4,635
Total in industry
cords
4,234
4,234
4,230
Reporting
cords
4,190
533
533
537
Shut down
_
cords
537

665, 854
880, 196
279, 202
19, 317
.56

6
6

-14.6
0.0

-22.3
+18.2

2 587, 271 622, 363
2 596, 291 620, 134
1, 866, 632 2, 056, 207
336, 740 395, 832
480, 057
646, 490
1, 461, 989 1, 544, 175
28, 447
17, 853
.58
.58

-2.7
-8.6
-53.5
-48.9
+1.8

+68.2
+36.1
-81.9
—32.1
-3.4

-97.5
+63.7

-98.4
-21.2

173, 030

3, 980, 111

6

337
33, 827

.17, 493
55, 475

21, 641
42, 944

685, 201

375, 040

395, 607

+5.0

672, 061

556, 561

+14.2

17, 200
51, 551

20, 700
52, 459

-23.2

+11.4

2 63, 040
2 675, 707

64, 456
584, 368

2 4, 887
2 4, 568
987

-2.9

4,639
4,356
935

35, 621
35, 545
33, 869
16, 187

271, 586

+5.2

None.
58, 465

279, 691

+73.2

585, 301

4, 082, 844
5,458,899

165,880
6 405, 890

e 420, 297

+3.5

Explosives
(Black powder, permissibles, and other high
explosives)
Production—
Shipments_.
Sales
Stocks, end of month

thous.
thous.
thous
thous.

of lbs_.
of lbs_.
of Ibs
of lbs._

36, 238
36, 469
34, 266
17, 349

34, 186
34, 284
33, 528
17, 331

34, 355
35, 378
33, 506
16, 809

37, 492
37, 875
35, 568
16, 458

34, 663
34, 973
34, 909
16, 070

33, 894
35, 492
34, 860
16, 540

11, 291

28, 945

42, 503

43, 122

42, 146

42, 704

24, 619
27, 414
4,821

26, 719
35, 709
5,984

36, 532

44, 762

35, 402

44, 957
51, 793
11, 936

-7.6
-3.7
-1.9
-2.4

-2.7
-1.6
+3.1
-0.7

238, 954
241, 257
231, 830

239, 609
241, 424
230,829

+0.3
+0.1
-0.4

+1.5

+1.0

156, 389

140, 553

-10.1

575, 473

495, 351

-13.9

133, 368

+15.2

Naval Stores
Turpentine:
Net receipts, southern ports
.barrels. .
3,499
Stocks, end of month—
At three ports
_
barrels.
26, 866
At five ports
barrels
30, 470
At stills
barrels
6,064
Price, southern, in barrels,
New York
dolls, per gal
1.00
Rosin:
Net receipts, southern ports
barrels..
20, 196
Stocks, end of month—
117, 182
At three ports
barrels
Atfiveports
__ .. . barrels
137, 263
At stills
barrels
58, 846
Price, common to good (B),
New York
dolls, per bbl.
11.10

.97

.86

.87

.88

.99

.97

+1.1

+9.3

40, 643

85, 965

137, 584

143, 415

126, 622

134, 609

+4.2

+6.5

94, 035
107, 961
40, 813

85, 026
146, 930
48, 570

112, 514

132, 649

210, 059

211, 452
238, 522
105, 709

+17.9

-37.3

8.91

8.43

11.19

13.35

8.91

9.98

+19.3

+33.8

21, 545
5,186

24, 520
4,269

26, 218
3,051

Rooflng

Roofing felt:
Production, dry felt
Stocks, end of month, dry felt




+22.5 , -0.4

_ tons
25, 061
tons..
5,943
2
Revised.

6

22, 360
20, 946
3,075
3,751
Six months' cumulatives ending June 30.

6115,756

6

41

TREND OF BUSINESS MOVEMENTS—Continued
1926

PER CENT INCREASE (+) OR

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

DECREASE ( — )

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August , 1926, " Survey"

Per
cent
increase
or decrease

April

May

June

July

June

July'

July,
1926,
from
June,
1926

4,631
45, 890

4,659
58, 934

1,887
41, 365

868
58, 054

904
74, 001

5,637
58, 950

2,525
44, 941

+4.1
+27.5

22, 413

19, 793

17, 719

17, 922

15, 312

15,809

6 108, 046

6 121, 153

+12.1

2,347
8,925
21, 268

1,898
7,996
20, 445

1,700
6,713
16, 646

1,581
6,736

1,636
5,187
14, 623

1,794
5,484
10, 704

6 11,357
6
40, 335

6 12, 638
6 47, 839

+11.3
+18.6

Cottonseed stocks, end of month .
tons. 415, 277
Cottonseed oil:
Stocks, end of month
..thous. of lbs_.
90, 621
Production
thous. of Ibs. . 151, 633
Price, yellow, prime,
New York
_
dolls, per lb_,
.11

150, 765

53, 495

39, 240

23, 576

27, 885

32, 276

-39.9

58, 076
94, 629

29, 471
46, 688

15, 406
21, 682

8,406
13, 856

22, 363
23, 953

4,847
10, 101

-45.4 +73.4
-36.1 +37.2

651, 262

744, 470

+ 14.3

.12

.12

.15

.15

.11

.11

0.0

+36.4

533
292
1,370

474
308
1,167

642
187
1,221

666
130
1,305

478
362
976

819
200
617

758 -28.2
364 +178. 5
581 -25. 2

-36.9
-0.5
+68.0

5,911
2,463

3,485
2,021

-41.0
-17.9

11, 141

11, 061

10, 182

11, 870

10, 282

12, 681

9,380

-13.4

+9.6

93, 433

77, 482

-17.1

10, 464

8,902

8,075

6,079

9,210

15, 637

14, 624

+51.5

-37.0

140, 279

89, 561

-36.2

+7.4
+ 12.1

March

July,
1926,
from
July,
1925

1925

1926

cumulative
1926
from
1925

-64.2
+64.7

33, 879
403, 351

27, 492
393, 648

-18.9
-2.4

CHEMICALS AND OILS— Continued
Fats and Oils
Total vegetable oils:
Exports..
_
.. thous. oflbs
Imports
_.
...thous. oflbs..
Oleomargarine:
Production
_
. ..thous. of Ibs
Ingredients consumed in productionCottonseed oil.,
thous. oflbs
Coconut oil.. __ _ . ..thous. of Ibs
Consumption
thous. oflbs
Cottonseed

-27.0

Flaxseed
Minneapolis and Duluth:
Receipts
thous. of bushs
Shipments
...thous. of bushs. ,
Stocks, end of month
thous. of bushs
Linseed oil: Shipments from
Minneapolis.
thous. oflbs
Linseed-oil cake: Shipments from
Minneapolis
thous. oflbs..
Vegetable and Animal Oils
Crude vegetable oils:
Production
thous. oflbs.. i 876, 906
Consumption. ._ .
thous. oflbs i 910, 626
Stocks
__
thous. oflbs.. i 484, 717
Refined vegetable oils:
Production
thous. oflbs. i 577, 771
Consumption.
thous. of Ibs . . i 376, 379
Stocks.- .
.
thous. oflbs i 330, 915
Cottonseed oil, crude:
Production
thous. oflbs i 567, 615
Consumption.
thous. oflbs i 592, 700
Stocks
thous. of lbs._ i 90, 621
Peanut oil, crude and virgin:
Production
_
thous. of Ibs. . i 4, 001
Consumption
thous. of Ibs
i 2, 791
Stocks
thous. of lbs_i 1,115
Coconut or copra oil, crude:
Production..
thous. oflbs.. 163,089
Consumption .
thous. oflbs
187,039
Stocks _
__
thous. of lbs_. i 62, 692
Corn oil, crude:
Production
thous. oflbs. i 33, 930
Consumption
thous. oflbs.. i 32, 035
Stocks
_
thous. of lbs_. 1 10, 266
Linseed oil:
Production.
thous. oflbs 1 194, 607
Consumption
_
thous. of Ibs
i 98, 905
Stocks
_
thous. oflbs.. 1190,421
Fish oil:
Production
thous. oflbs.. i 7, 377
Consumption
_
thous. oflbs
i 32 474
Stocks
thous. oflbs.. 135,456
Animal fats:
Production
thous. oflbs.. i 578, 253
Consumption
thous. oflbs i 126, 987
Stocks _
...thous. of Ibs _. i 186, 505
Greases:
Production
._
_
thous. oflbs
i 88, 801
C onsumpt ion
thous . of Ibs _ . i 65, 977 _ _ .
Stocks.
thous. oflbs.. i 41, 783
Derivatives:
Production
thous. oflbs.. i 870, 935
Consumption
thous. oflbs.. i 424, 646
Stocks..
_
thous. oflbs.. i 210, 529
Edible gelatin:
Production _
_
thous. oflbs.. i 4, 637
Stocks, end of quarter...
thous. oflbs.. 1 10, 104
Animal glues:
Production ._
thous. oflbs
1 27, 609
Stocks, end of quarter
thous. oflbs.. i 44, 854




Quarter ending with month indicated.

i 416, 509
i 596, 830
i 319, 415

402, 373
531, 093
292, 822

-52.5
-34.5
34 1

+3.5 6 1, 204, 565 6 1, 293, 415
+12.4 6 1, 344, 176 6 1, 507, 456
+9 1

1

289, 331
i 319, 970
i 220, 544

263, 632
297, 331
295, 618

-49.9
-15.0
33 4

+9.7
+34.5
25 4

6 785, 550
6 613, 797

6867,102
6696,349

+10.4
+ 13.4

i 162, 999
i 237, 748
i 15, 406

144, 568
222, 938
i 22, 669

-71.3
-59.9
-83.0

+12.7
+6.6
-32.0

e 628, 631
6 718, 385

6730,614
6 830, 448

+ 16.2
+ 15.6

i 3, 093
i 2, 332
i 1, 063

i 4,091
i 2 168
i 1, 319

-22.7
-16.4
4 7

-24.4
+7.6
— 19 4

6 9, 356
6 5, 625

67,094
6 5, 123

-24.2
+8.9

i 64, 407
i 105, 152
i 65 796

i 47, 521
i 82, 210
i 49, 701

+2.1
+20.8
+5.0

+35.5
+27.9
+32.4

697,052
6177,585

6127,496
6 192, 791

+31.4
+8.6

127,487
i 30, 594
i 6, 868

i 23 326
i 19,413
i 6, 560

-19.0
-4.5
-33.1

+17.8
+57.6
+4.7

649,265
649,925

1 145, 329
i 107, 281
i 128, 557

1 169 980
1 109, 271
i 126, 888

-25.3
+8.5
-32.5

-14.5
-1.8
+1.3

i 8, 150
i 36, 460
161,649

i 8, 673
i 35, 553
i 55, 086

+10.5
+12.3
+73.9

-6.0
+2.6
+11.9

i 542, 465
1153,481
i 198, 181

i 478, 809
i 142, 698
1 178 686

-6.2
+20.9
+6.3

+13.3
+7.6
+10.9

i 89, 954
i 56, 551
i 45, 540

i 90, 127
i 53 826
i 45 713

+1.3
-14.3
+9 0

-0.2
+5.1
—0 4

i 729, 519
i 395, 297
1 185, 542

i 613, 837
1278,202
1 135, 996

-16.2
-6.9
-11.9

+18.8 61,289,456 61,600,454
6819,943
+42.1
6615,352
+36.4

i 3. 894
18.882

i 2, 829
i 8, 931

-16.0
-12,1

+37.6
-0.5

i 24, 289
i 42, 842
6

6

61,417
662,629

+24.7
+25.4

8395,548
6219,169

6339,936
6206,186

-14.1
-5.9

625,235
77, 451

615,527
668,934

-38.5
-11.0

1, 072, 425 61,120,718
6280,468
6298,550

+4.5
-6.1

6

6

6188,897
6
111,168

6176,755 ' -6.4
6122,528 +10.2

+24.1
+33.2

«7,087
620,202

68,531 i +20.4
618,986 ! -6.0

i 23, 837
+1.9
-12.0
649,240
I -4.5 -17.4 6105.793
151,849
Six months' cumulatives ending June 30.

+5.4
651,898
687,696 1 -17.1

!

42
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

March

April

May

PER CENT INCREASE (+) OR
DECREASE (— )

1935

June

July

June

July,
1926,
from
June,
1926

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

July,
1926,
from
July,
1925

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

CHEMICALS AND OILS— Continued
Oil Seeds and Nuts
(Reported quarterly}
Peanuts, hulled:
Consumption.
Stocks
Copra:
Consumption
Stocks.
Corn germs:
Consumption
Stocks
Flaxseed:
Consumption .
Stocks __

.

short tons
__ short tons. _

i 49, 771
i 15, 278

1

short tons
short tons

i 36, 847
i 13, 822

+2.6 +35.1
+145.4 +10.5

6

151,291
1338

64, 880
1589

i 46, 250
1552

-20.9 +10.9
-42.6 -38.8

6

94, 245

i 298, 231
i 97, 227

i1
255, 592
63, 182

-26.9 -14.7
-24.8 +15.7

600, 085

6

74, 794

i 2, 712

1654

..short tons
i 48, 520
short tons.. i 6, 225
short tons
short tons..

-32.2 +14.4
-49.3 +99.4

6

1328

i 3, 103

i 4, 578
11,290

i 217, 916
i 73, 103

6

7,681

-24.2

54, 621

-27.0

6

116, 171

+23.3

6

516, 147

-14.0

180, 621
108, 353

+17.6
-16.7

10, 136
6

FOODSTUFFS
Wheat
Production, monthly estimate:
Winter
thous. of bushs
Visible supply, end of month:
United States
thous. of bushs..
Canada
thous. of bushs..
Receipts, principal markets ._ -thous. of bushs _.
Shipments, principal markets.thous. of bushs..
Exports:
United States— '
Wheat only
thous . of bushs . .
Including wheat flour .thous. of bushs ..
CanadaWheat only
thous. of bushs..
Prices:
No. 1, northern, Chicago. .-dolls, per bush..
No. 2, red winter, Chicago .dolls, per bush..

3

626 482

4 415, 697
33, 248 +140. 8
22, 513 -42. 7
41, 783 +265. 5
22, 693 +84.2

-3.9
+35.4
+84.2
+27.9

153, 647
130,104

+99.2 +73.2
+77.4 +123. 9

53, 294
85, 980

37, 385
100, 446
15, 101
11, 465

30, 780
94, 500
14,011
10, 290

20, 125
66, 521
15, 663
19, 605

13, 273
53, 173
21, 058
15, 748

31, 959
30, 474
76, 960
29, 013

30, 420
40, 087
21, 866
17, 719

3,773
6,900

2,533
6,285

9, 368
12, 423

8,074
11, 076

16, 083
19, 652

7,070
10, 760

9,288
8,777

14, 710

5,526

18, 979

27, 792

9,784

13,097

1.63
1.68

1.67
1.69

1.64
1.66

1.53
1.48

1.62
1.82

1.59
1.59

35, 234
6,367

34, 657
6,661

36, 787
7,386

35, 526
5,611

40, 651
5,960

7,589

7,418

7,908

7,745

8,840

6

8,817
1,416
6S3, 082
45

8,633
1,491
626, 138
44

9,631
1,647
659, 780
48

8,927
1,239
621, 141
46

10, 377
1,340
708, 349
52

6

7,584

8,055

8,864

7,907

7,801

6,500

6,400

6,500

5,900

7,700

834
682

679
726

667
1,029

793

820
596

775
815

+18.9

+2.3

8.76

8.49

8.68

8.98

8.53

8.65

+3.4

+3.8

7.51

7.40

7.34

6.81

7.51

6.95

-7.2

-2.0

1.53
1.44

4
6

2
1

e 44, 292

0.0
-2.7

694'208

214, 744
38, 039

6

-17.5
-22.8

+112.7

-3.8
-9.4

Wheat Flour
Grindings of wheat:
United States (census)
thous. of bushs.. 38, 027
Canada. __ _
thous. of bushs
7,249
Production:
United States, actual
(census)
thous. of bushs. . 8,289
United States prorated
(Russell)...
thous. of bbls..
9,901
Canada
._
thous. of bbls
1,609
Production, grain offal
thous. of lbs._ 685, 314
Capacity operated, flour mills
per cent..
47
Consumption, wholesale
(computed).
_
thous. of bbls..
9,707
Stocks, all positions, end of
month (computed)
thous. of bbls..
6,100
Exports:
United States
thous. of bblsL.
695
Canada... ._.
_.
.thous. of bbls. _
1,302
Wholesale prices:
Standard patents, Minneapolis
dolls, per bbl_.
8.81
Winter straights, Kansas
City
dolls, per bbl_.
7.88
Corn
Exports, including meal
thous. of bushs
Visible supply, end month
thous. of bushs..
Receipts, principal markets .. -thous. of bushs ..
Shipments, prin. markets
thous. of bushs _.
Grindings (starch, glucose) thous. of bushs. .
Prices, contract grades, No. 2,
Chicago.. _
dolls, per bush..

6

6

46, 916

56, 456
6 8, 421
6
3,698,795
6

51, 479

6

6,554
4, 882

219, 636
6 40, 471

+2.3
+6.4

6 47, 312

+0.8

6

-0.7
+7.2
+7.0

56, 080
6
9, 025
6
3,958,152
6

52, 358

+1.7

4,991
5, 298

-23.8
+8.5

6

6

2,270
59, 650
19, 994
9,566
7,431

2,210
34, 937
13, 166
9,927
5,611

1,865
27, 469
11,731
12, 497
5,490

1,831
32, 279
24, 306
11, 124
6, 314

1, 358
26, 821
13, 748
10, 724
6,222

964
16, 040
17, 860
13, 676
5,498

.74

.73

.72

.72

.80

1.10

1.07

11, 622
56, 217
810

13, 762
48, 704
3,043

12, 378
39, 995
3,255

13, 400
38, 768
2,429

9,241
34, 489
1,468

17, 363
37, 530
2,398

.41
904

.42
764

.42
589

.41
652

.42

11, 205

9,523

6,990

9,137

844 . -25. 8 +60.9
6,832 -16. 9 +292. 7
9,891 -43. 4 +39.0
10, 697
-3.6 +0.3
-1.5
4,430
+40.5

+11.1
-31.0
-11.0
-39.6

-44.3
+23.1
-65.8

.51
667

.48
667

+2.4

-12.5

8,449

8,581

17, 275 +217.0

139, 392
74, 012
44, 968

+5.0
-16.8
+16.0

107, 913

86, 479

-19.9

14, 298

13, 325

-6.8

4, 160

e 4, 799

+15.4

6 48, 466

6 62, 747

+29.5

-25.2

16, 591
28, 020
4,292

5,449
132, 769
88, 926
38, 772

Oats

Receipts, principal
markets
thous. of bushs
Visible supply, end month
thous. of bushs. .
Exports, including meal
thous. of bushs..
Prices, contract grades,
Chicago
dolls, per bush..
Grindings, Canada
__ _ thous. of bushs
Production, oatmeal and rolled
oats, Canada
_ thous. of Ibs
1

Quarter ending with month indicated.




3

As of Aug. 16.

4

Final estimate for 1925.

6

.

6

Six months' cumulatives, ending June 30.

43

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"*

March

April

May

PER CENT INCREASE (+) OR
DECREASE ( — )

1925

June

July

June

July

Julv,
1926,
from
June,
1926

Julv,
1926,
from
July,
1925

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH JULY 31

Per
cent
increase
<+)
or decrease
(-)
cumu
lative
1926
from
1925

1925

1926

23, 677

18, 736

-20.9s

8,416

5,998

-28.7

FOODSTUFFS— Continued
Other Grains
Barley:
Receipts, principal
markets
thous of bushs
Visible supply, end mo
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
Visible supply, end mo
thous of bushs
Exports, including flour... thous. of bushs..
Price No 2 Chicago
dolls per bush

2,958
5,322
436

2,528
4,436
734

3,058
3,293
996

3,104
2,835
1,352

1,466
2,299
1,386

3,382
1,657
667

3,086
1, 099
1,940

.66

.69

.69

.68

.72

.89

.88
4

3 41, 87Q

-52.8 -52.5
-18.9 + 109.2
+2.5 -28.6

+5.9

-18.2

51, 968
403 -33.3 +99.0
3,357 -19.5 + 157.9
3,794 + 102.3 -45.0
.98 + 14.3 +6.1

13, 142

8, 303

-36. a

26, 525

8,675

-67.3

+ 10.2

145, 391

111, 674

-23.2

1,032
13, 079
369
.84

1,301
13, 271
1,424
.89

1,364
9,984
3,219
.84

1,202
10, 748
1,085
.91

802
8,659
2,195
1.04

889
7,181
1,627
1.09

10, 785

13, 696

21, 758

17, 773

26, 059

16, 416

Southern paddy, receipts at mills
_...bbls__ 210, 513 194, 321 118, 885
Shipments:
Total from mills
pockets (100 Ibs )
498, 419 471, 143 473, 963
113, 558
122, 908
New Orleans
pockets (100 Ibs )
176, 229
Stocks, end of month
pockets (100 Ibs ) 1, 824, 807 1, 556, 393 1, 179, 488
35, 926
38, 140
65, 490
Exports
pockets (100 Ibs )
114, 174
156, 964
Imports
pockets (100 Ibs )
190, 036

105, 923

74, 634

45, 218

8,252

351, 292
129, 725
975, 043
37, 618
111,455

278, 871
34, 528
767, 627
40, 464
89, 159

192, 507
38, 849
223, 542
43, 854
34, 351

140, 316
89, 607
95, 427
13, 946
63, 238

Total Grains
Total grain exports, incl. flour. thous. of bushs..

23, 647

+46.6

Rice

Other Crops
Apples:
Cold-storage holdings,
end of month
thous of bbls
Car-lot shipment
carloads
Potatoes, car-lot shipments
carloads
Onions, car-lot shipments
carloads..
Citrus fruits, car-lot shipments
carloads..
Hay, receipts
tons

-29.5 +804. 4

787, 584

-20.6
'-73.4
-21.3
+7.6
20 0

+98.7
-61.6
+704. 4
+ 190. 1
+41.0

3, 080, 884
807, 504

42 -45.5
2,667 +204. 4
17, 467 -14.8
1,725 +26.8
-4.2
3,587
-5.7
71, 783

2, 201, 427 + 179.5
3, 193, 866
781, 146

+3.7
-3.3

475, 793
432, 194

321,625 -32.4
963, 828 + 123.0

+45.2
+37.4
+ 14.0
-9.0
+66.9
-20.6

19, 323
138, 279
13, 377
61, 547
465, 908

30, 123
123, 437
15, 379
62, 039
481, 148

+55.9
-10.7
+ 15.0
+0.8
+3.3

-2.7 -7.6
-0.2 -6.9
+ 17.2 -18.5
-6.7
-4.0

12, 539
4,414
1,497
8,024

12, 498
4,365
1,372
8,070

-0.3
-1.1
-8.4
-0.6

3, 048, 575 3, 154, 953
6 2,644,726 e 2,740,820
14, 225
15, 837

+3.5
+3.6
-10.2

23, 424
8,819
422
14, 603

-13.3
-9.6
+46.6
-15.5

4, 464, 676 4, 461, 389
6 3, 096, 173 6 3, 015, 533
696, 908
768, 859

-0.1
-2.6
-9.4

923, 522
429, 960

-1.4
+0.7

3,314
6,084
19, 577
1,806
11, 559
73, 286

1,691
3,990
13, 718
1,924
10, 894
66, 037

630
2,480
16, 488
4,071
9,250
53, 217

112
1,204
23, 370
1,237
6,248
60, 457

61
3,665
19, 914
1,569
5,986
57, 014

104
889
19, 976
590
5,464
48, 022

1,811
572
184
1,221

1,711
603
202
1,113

1,894
668
218
1,194

1,871
658
169
1,217

1,820
657
198
1,168

1,746
534
154
1,190

1,970
706
243
1,252

450, 058
456, 197
1,913

450, 142
460, 438
2,180

457, 575
465, 155
1,502

495, 925
498, 764
2,292

447, 515

478, 231
489, 204
2,369

-9.8

-6.4

2,501

418, 082
430, 103
2,202

+9.1

+5.6

70, 781

59, 978

52, 579

48, 688

45, 733

61, 554

49, 674

-6.1

-7.9

9.69
.160
.150

9.13
.160
.152

9.06
.160
.159

9.59
.160
.162

9.42
.162
.170

10.50
.175
.173

11.56
.178
.192

-1.8 -18.5
+ 1.2 -9.0
+4.9 -11. 5

3,579
1,428
56
2,144

3,135
1,264
54
1,871

3,037
1,164
68
1,872

3,143
1,048
72
2,087

2,854
989
49
1,873

3,507
1,222
49
2,298

2,798
995
35
1,804

-9.2 +2.0
-5.6 -0.6
-31.9 +40.0
-10.3 +3.8

649, 871
511, 952
104, 679

572, 037
489, 416
100, 619

568, 585
496, 451
93, 366

646, 770
521, 083
85, 094

616, 289

650, 452
549, 338
104, 146

512, 095
492, 017
89, 975

-4.7

+20.3

72, 557

-14.7

-19.4

719, 702

702, 163

681, 296

722, 703

790, 951

884, 574

815, 460

+9.4

-3.0

626, 594

603, 798

574, 472

602, 176

638, 490

738, 655

669, 536

+6.0

-4.6

138, 567
64,259

126, 385
63, 160

117,241
58, 154

122, 885
56, 482

129, 225
45, 879

124, 507
59, 779

118,969
49, 414

+5.2.
-18.8

+8.6
-7.2

93, 108

98, 365

106, 824

120, 527

152, 461

145, 919

145, 924

+26.5

+4.5.

13.29
11.74
13.96
.340
.301
.310
.159
.170
.145
Final estimate for 1925.

12.98
.351
.165

Cattle and Calves
Cattle movement, primary markets:
Receipts..
thousands
Shipments, total
thousands
Shipments, stocker and feeder ..thousands..
Local slaughter
thousands
Beef products:
Inspected slaughter product ..thous. of lbs._
Apparent consumption
thous of Ibs
Exports .
thous of Ibs
Cold-storage holdings,
end of month
thous of Ibs
Prices, Chicago:
Cattle corn-fed
dolls per 100 Ibs
Beef fresh native steers
dolls per Ib
Beef steer rounds No 2
dolls per Ib
Hogs and Pork
Hog movements, primary markets:
Receipts
thousands
Shipments, totalthousands
Shipments, stocker and feeder-thousands..
Local slaughter
thousands
Pork products, total:
Inspected slaughter product. _ thous. of lbs_ _
Apparent consumption
thous. of Ibs..
Exports
thous. of Ibs. .
Cold-storage holdings, total,
end of month
thous of Ibs
Fresh and cured in storage,
end of month
thous of Ibs
Lard (included in pork products) :
Production _
thous. of Ibs
Exports
thous. of Ibs
Cold-storage holdings,
end of month
thous of Ibs
Prices:
Hogs, heavy, Chicago.- -dolls, per 100lbs__
Hams, smoked, Chicago
dolls, perlb..
Lard. Drime contract. N. Y_ dolls. Der lb._
3
As of Aug. 16.




11.49
.295
.150
4

27, 025
9,757
286
17, 277

936, 838
426, 859

13.79
-5.9
-7.0
12.70
+2.9 +20.0
.293
.263
-2.9
-8.8
.181
.176 '
6
Six months' cumulatives ending June 30.

44

TREND OF BUSINESS MOVEMENTS—Continued

The cumulative* shown are through July except where otherwise noted*
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"
March

PER CENT INREASE (+) OR
DECREASE (— )

1925

1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

i

July,

April

May

June

June

July

July

1926,
from
June,
1926

July,
1926,
from
July,
1925

1995

1926

Per
cent
inrease
(+)
r derease
(-)
umuative
1926
from
1925

FOODSTUFFS— Continued
Sheep and Lambs
Sheep movement, primary markets:
Receipts
thousands .
Shipments, total
thousands
Shipments, stocker and feeder. .thousands..
Local slaughter
thousands..
Lamb and mutton:
Inspected slaughter product, .thous. of lbs._
Apparent consumption
thous. of Ibs. _
Cold-storage holdings,
end of month
thous of Ibs
Prices:
Sheep, ewes, Chicago dolls, per 100 Ibs
Sheep, lambs, Chicago dolls per 100 Ibs

1,695
695
83
1,001

1,502
698
124
801

1,717
838
130
885

1,913
916
238
998

1, 739
828
260
912

1,603
693
137
908

1,699
763
193
939

-9.1
-9.6
+9.2
-8.6

+2.4
+8.5
+34.7
-2.9

10,891
5,070
968
5,843

11,600
5,284
1,079
6,316

+6.5
+4.2
+11.5
+8.1

47, 611
47,676

40, 318
41, 247

36, 728
37, 362

39, 818
39, 676

37, 935

36, 417
36, 537

39, 374
39, 361

-4.7

-3.7

272, 236
6 233, 916

286, 040
6 248, 503

+5.1
+6.2

3,289

2,393

1,697

1,871

1,808

1,535

1,349

-3.4

+34.0

-6.8
-2.7

7.70
12.73

8.53
13.53

7.05
14.20

5.31
16.13

5.88
14.26

5.63
14.87

6.31
14.66

+10.7
-11.6

52,399

48, 174

48, 033

52, 985

56, 813

76, 586

69, 866

+7.2

-12.7

Production, inspected slaughter. _ thous. of lbs__ , 147, 540 , 062, 497 , 062, 888 , 182, 513 , 101, 739 1, 104, 951 1, 029, 700
Cold-storage holdings, end mo. . .thous. of Ibs.. 753, 063 714,343 676, 781 705, 720 742, 844
790, 425
878, 330
Apparent consumption
thous of Ibs , 015, 825 989, 961 998, 968 , 059, 523
1, 015, 978 1 020 582
Poultry

-6.8
+5.3

+7.0
-6.0

Receipts at five markets
Cold-storage holdings,
end of month

Miscellaneous Meats
Cold-storage holdings end mo

thous of Ibs

Total Meats
7,780,487

7, 902, 382

+1.6

e 5, 974, 815

6, 003, 716

+0.5

129, 363

136, 380

+5.4

113,488

150, 403

+32.5

6 1, 494, 529 61,674,962
400,354
597, 262

+12.1
-33.0

356, 807

369, 297

+3.5

6 935, 264

6 929, 715

-0.6

thous. of Ibs

17, 638

13, 992

16, 519

21,311

20, 974

17, 918

17, 932

-1.6

+17.0

thous of Ibs

73, 124

52, 783

42, 808

36, 730

35, 770

58, 562

53, 558

-2.6

-33.2

Total catch, prin. fishing ports. _. thous. of lbs._ 23,751
Cold-storage holdings 15th of mo thous of Ibs
24, 894
Canned salmon:
Shipments, United States
cases
368, 154
Exports, Canada
cases
94, 083
Butter

18, 539
16, 154

22, 220
21, 540

27, 929
31, 345

29, 564
45, 631

25, 261
31, 980

24, 539
40, 458

+5.9
+45. 6

+20.5
+12.8

152, 126
40, 313

177, 464
27, 146

368, 619
19, 208

22, 708

279, 022
20, 804

604, 231
51, 915

+18.2

-56.3

46, 077

45, 501

54,464

75, 931

68, 393

74, 171

69, 970

-9.9

-2.3

17, 392
142, 617
.408

17, 527
147, 225
.392

30, 561
184, 452
.404

86, 897
185, 795
.409

131, 109

63, 687
179, 629
.429

109, 075
170, 728
.434

+50.9

+20.2

15, 056
43, 778
51, 285
4,641
432
2,548

15. 531
42, 198
47, 452
4,872
348
1,303

14, 973
44, 059
52, 167
5,165
351
3,280

21, 777
45, 386
68, 771
5,908
261
6,667

21, 972

24, 025
43, 240
61, 992
5,963
482
8,721

+0.9
25, 825
35, 224
83,568 +30.8
-17.9
4,459
351 +18.4
25, 660 +210. 2

-14.9

126, 761
e 234, 929

117, 731
6 251, 692

+7.6
+14.1
-12.0
-19.4

-7.1
+7.1

32, 954
7,515
48, 912

33, 592
2,376
39, 727

+1.9
-68.4
-18.8

38, 041
.222

35, 597
.200

39, 346
.199

54, 069
.209

73, 579

46, 468
.226

66, 634
.230

+36.1

+10.4

1,741
872

2,087
3,735

2,251
7,236

2,115
9,133

1,385
9,834

2,025
9,482

1,315
10,024

-34.5
+7.7

+5.3
-1.9

11,737

11, 555

-1.6

17,008
9,028

19,082
10, 829

26,068
15, 701

36,734
21, 133

37, 285
23,208

43,243
13, 988

48, 244
11, 795

+1.5
+9.8

-22.7
+96.8

11, 723
7,070
3,642
5.95

14,424
4,768
3,685
5.92

20,439
7,073
2,813
5.86

30, 943
9,916
3,472
5.86

31,931
9,051
3,537
5.87

31,622
8,157
3,560
5.88

38, 621
7,586
3,962
5.86

+3.2
-8.7
+1.9
+0.2

-19.9
+19.3
-10.7
+0.2

25, 134

24, 659

-1.9

89, 225

98,414

111,659

169, 507

129, 947

134,328

63, 730
7,858
4.38

76,465
9,261
4.36

79, 518
6,963
4.34

126, 383
7,353
4.33

5,623
4.33

62,568
14, 653
4.33

92,255
11, 809
4.46

-23.5
0.0

-52.4
-2.9

65, 733

47, 721

-27.4

5,269
285

7,150
285

9,861
181

12,884
178

14,440
209 j
i

8, 100
286

8,279
352

+12.1
+17.4

+74.4
-40.6

2,053

1,531

-25.4

17,123
2.639

16, 800
2.629

18,231
2.778

19, 279
2.776

1
i

19,388
2, 902

18, 104
2,761

« 98, 672
6 15, 375

8 102, 319
615,664

+3.7
+1.9

Fish

Receipts, 5 markets
Cold-storage holdings,
creamery, end of month...
Apparent consumption
Wholesale price, 5 markets

thous. of Ibs
thous. of lbs__
thous of Ibs
dolls, per lb_.

Cheese
Total, all varieties:
Receipts, 5 markets
thous. of Ibs
Apparent consumption
thous. of Ibs
Cold-storage holdings
thous. of Ibs..
Imports _ .
thous. of Ibs
Exports, United States
thous. of Ibs..
Exports, Canada
thous of Ibs
American whole milk:
Cold-storage holdings
thous of Ibs
Wholesale price, 5 markets.. .dolls, per lb..
Eggs
Receipts, 5 markets
Cold-storage holdings

thous. of cases..
thous of cases

Milk
Condensed milk:
Manufacturers' total stocks —
Case goods
thous of Ibs
Bulk goods
thous of Ibs
Manufacturers' unsold stocksCase goods
thous of Ibs
Bulk goods
thous of Ibs
Exports __
_
thous. of Ibs
Wholesale price, New York. .dolls, per case.
Evaporated milk:
Manufacturers' total stocks,
case goods
thous of Ibs
Manufacturers' unsold stocks,
case goods
thous. of Ibs
Exports.
thous. oflbs.
Wholesale price, New York. dolls, per case.
Powdered milk: 2
Manufacturers' total stocks.thous. of Ibs.
Exports
.
thous. of Ibs
Fluid milk:
ReceiptsBoston (includ. cream). -thous. of qts.
Greater New York
thous. of cans.
6
Six months' cumulatives ending June 30.




89, 951
5,087
309
20, 681

45
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

I

April

May

June

July

June

July

July,
1926,
from
June,
1926

29, 153

27, 685

30, 499

29, 191

25, 229

28, 854

26, 413

-17.6

6,522

5,690

5,134

5,250

4,407

4,761

March

July,
1926,
from
July,
1925

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

FOODSTUFFS— Continued
Milk— Continued
Production:
Minneapolis, St. Paul thousloflbs
Consumption in manufacture of
oleomargarine
thous. of Ibs

175, 595

195,071

+11.1

6 31, 401

-4.5 I

6 35, 184

+12.0

890,410
2, 697, 850
3, 216, 583

944, 021
2, 615, 187
3, 183, 564

+6.0
-3.1
-1.0

Sugar

Raw:
Imports—
From Hawaii and Porto
144, 345
150, 677 183,482
172, 569 151,174
83, 537
Rico. .
long tons
386,492
From foreign countries
long tons.. 453, 128 460, 240 364,473 385,027 284,411
478, 833
Meltings, 8 ports..
long tons . 497, 912 464, 740 452, 681 491,389 465, 144
376, 868
541,467 425, 902
Stocks at refineries, end mo
long tons.. 290,061 461, 857 519, 595
Receipts, domestic, at New
258
854
623
136
378
Orleans
long tons
362
Refined:
34, 699
16, 141
11,195
6,671
8,793
11,692
Exports, including maple.
long tons _
Prices:
Wholesale, 96° centrifugal,
.044
.041
.042
.040
.042
.041
N. Y
dolls, per Ib
.055
.049
.054
.056
.052
.055
Wholesale, granulated, N. Y.dolls. per lb__
.062
.059
.058
.061
.061
.060
Retail, granulated, N. Y
dolls, per lb_.
122
131
122
126
120
126
Retail average, 51 cities
index number..
Cuban movement:
309, 213
920, 480 757, 373 354, 890 254, 748 163, 014
Receipts at Cuban ports ..
long tons
487,380
Exports.
long tons.. 454, 631 465, 263 360,464 357, 859 300, 955
Stocks, end of month
long tons 1, 107, 066 1,452,146 1,442,231 1,327,592 1, 195, 658 1,121,345
Coffee
Imports _
Visible supply:
World
United States
Receipts, total, Brazil
Clearances:
Total, Brazil, for world
Total, Brazil, for U. S

118, 844
324, 997
482, 824
323, 647

-44.8
-26.1
-5.3
-21.3

-29.7
-12.5
-3.7
+31.6

557 +125. 9

32, 354 +474. 6

+53.3

5,631

49,457

+33.0

-76.4

179, 317

70, 690

.043
.053
.061
129

+2.4
+3.7
0.0
0.0

-2.3
+5.7
0.0
-2.3

201, 791 -136.0
336, 775 -15.9
970, 025
-9.9

-19.2
-10.6
+23.3

4,311,039
3, 365, 016

3, 831, 141
2, 764, 110

-11.1
-17.9

848, 191

+21.8

6,634

+19.5

-60.6

146,048

129,064

85,424

104, 720

116, 702

87, 967

118,493

+11.4

-1.5

696,312

thous. of bags..
thous of bags
thous of bags

4,747
743
1,056

4,464
694
761

4,387
583
748

4,491
647
901

4,560
691
1,072

5,009
713
716

5,126
804
1,094

+1.5
+6.8
+19.0

-11.0
-14.1
-2.0

5,551

thous. of bags..
thous. of bags..

1,071
649

1,235
353

893
554

889
511

1,217
653

1,242
676

1,235
701

+36.9
+27.8

-1.5
-6.8

6,342
3,409

7,548
3,902

+19.0
+14.5

thous. of lbs_.

5,776

4,891

3,149

4,907

9,025

4,819

9,536

+83.9

-5.6

44,486

42, 374

-4.7

564
7,633

509
6,973

507
7,257

570
7,434

576
7,612

37,428

33, 891

34, 380

34, 630

35, 653

36, 167
906
25, 210

43,388
947
15,078

27, 431
867
4,189

30, 762
1,061
7,660

29, 760
727
582

27,460
710
239

39,037
317
69

-3.3
-23.8
-31.5 +129. 3
-24.0 +743. 5

212, 514
5,163
165,711

261, 546
5,872
247,380

+23.1
+13.7
+49.3

25.00

25.00

22.60

21.00

21.00

25.00

25.00

e 13, 883
6 7, 363
e 3, 326
c 38, 674

+20.3
+16. 3
+16.6
+3.3

thous-. of Ibs

1

Tea

Imports
TOBACCO

Consumption (tax-paid withdrawals):
Large cigars
millions
Small cigarettes
millions
Manufactured tobacco
and snuff.
thous. of Ibs. .
Exports:
Unmanufactured leaf
thous. of Ibs..
Cigarettes
millions
Sales of loose-leaf, warehouses
thous. of Ibs..
Price, wholesale, Burley good leaf,
. dark red, Louisville
dolls, per 100 Ibs
Stocks (reported quarterly) :
Chewing, smoking, snuff, and
export
mills of Ibs
Cigar tobacco
mills of Ibs
Total, including imported
mills, of lbs_.

11,372
1424
i 1, 868

11,338
1424
11,847

2,417
2,135
1,369
1,190
289
562
10, 157
12, 910
229
399
1,964
1,939
421, 145 414, 886
653, 025 948, 840
744, 510 1, 060, 598
95, 605
90, 495

1,920
1,029
502
10, 942
316
1,974
390, 671
651, 135
797, 566
75,283

i 1, 532
1433
i 2, 040

0.0

-10.4
-2.1
-8.4

-16.0

+2.6
+0.1
+1.1

i

TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
Total cargo traffic
thous. of long tons
In American vessels
thous. of long tons
In British vessels
thous. of long tons
Sault Ste. Marie Canal ._ .thous. of short tons..
New York State canals thous of short tons
Suez Canal
thous of metric tons
Cape Cod Canal
°TOSS tons
Welland Canal
short tons..
St Lawrence Canal
short tons
Mississippi River, Govt. barges
short tons..
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
short tons._

2,607
1,403
701
None.
None.
2,471
162, 282
None.
None.
74, 688

571, 193

2, 23S
1, 157
626
2,000
None.
2, 255
196,661
None.
None.
72, 682

761, 947

13, 607

787, 478
968, 976
89,000

1,961
1,063
476
11, 668
386
2,050
412, 859
831, 814
938, 126
79, 361

+5.4

+16.6

-17.0
-8.6
-1.7

-5. 3
+3.3
+12.1

6 11, 545
6 6, 330
e 2, 853
6 37, 424

2, 412, 543 2, 389, 343
2, 681, 0 19 2, 774, 084
530, 441
619, 191

-14.3

852, 732 1, 045, 889 1, 159, 138

565, 228

609, 727

+10.8

+90.1

3, 493, 612

4, 819, 445

+38.0

8,424
3,149
5,275

6, 378
2,481
3, 897

6,833
2,578
4,255

+19.9
+19.3
+18.7

+22.3
+22.1
+24.0

39, 517
15, 466
24, 052

40, 965
15, 074
25, 890

+3.7
-2.5
+7.6

Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous of net tons
American
thous. of net tons..
Foreign
thous. of net tons
Freight rates, liners, Atlantic ports to Europeindex no. (relative to January, 1920)
_
1
Quarter ending with




5,034
1,721
3,313

5,221
1,838
3, 383

24.2
24.3
month indicated.

6,065
2,536
3,529

7,086
2,640
4, 445

6

24.1
33.7
Six months' cumulatives ending June 30.

46
TREND OF BUSINESS MOVEMENTS—Continued
1926

PER CENT INCREASE (+) OR

1925

DECREASE (— )

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August , 1926, "Survey"

July,

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

April

May

June

July

June

July

from
June,
1926

July,
1926,
from
July,
1925

1935

1926

33, 016
28, 850

22, 874
18, 096

16, 377
7,179

22, 819
13, 724

14,009
8,389

18, 687
9,767

30, 101
21, 951

-38.6
-38.9

-53. 5
-61.8

140, 508
89, 165

125, 302
81, 067

-10.8
-9.1

228

229

223

199

186

157

246, 549
95,478
104, 280

276, 573
118, 419
115, 205

257, 956
135, 233
75, 253

254, 807
140, 421
69, 869

199, 073
104, 796
56, 785

307, 495
149, 405
109, 404

263, 876
139, 428
80, 661

-21.9
-25. 4
-18.7

-24.6
-24.8
29 6

13
None.
None.

12
None.
8

None.
None.
None.

68
None.
48

404
172
114

18
9
None.

3, 877
159
114
783
307
44
1,063
1,407

3,796
150
104
705
300
55
1, 057
1,424

3,143
198
143
898
383
243
1, 331
1,947

4, 112
161
108
734
296
271
1,026
1, 515

5. 245
'280
134
939
335
365
1, 274
1,919

3, 966
146
106
666
294
252
1,030
1,472

29, 273
1,241
899
5, 411
2,299
1,108
7,731
10, 587

30. 281
1,345
879
5, 827
2,232
1,069
8,813
11, 016

+3.4
+8.4
-2.2
+7.7
-2.9
-3.5
+14.0
+5.0

2, 121, 167
499, 007
2, 896, 547
2, 239, 889
439, 354
212, 479

2, 240, 825
504, 684
3, 028, 602
2, 299, 498
495. 2PO
227, 151

+5. 6
+1.1
+4.6
+2.7
+ 12.7
+6.9

37, 908
31, 182
16, 582

39, 926
33, 409
17, 226

+5.3
+7.1
+3.9

14,577,897
30,351,599

+18.2
+97.9

March

1926,

TRANSPORTATION— Continued
Shipbuilding
Completed during month:
Total
gross tons
Steel seagoing
__
gross tons__
Building or under contract, end of month:
Merchant vessels
thous. of gross tons
Freight Cars
Surplus (daily av. last week of month) :
Total
cars
Box
cars
Coal
cars
Shortage (daily av. last week of month) :
Total
cars
Box
cars
Coal
cars
Car loadings (monthly totals):
Total
thous. of cars_ .
Grain and grain products .. -thous. of cars. _
Livestock
thous. of cars. _
Coal and coke
thous. of cars
Forest products
thous. of cars..
Ore
thous. of cars
Merchandise and 1. c. 1
thous. of cars..
Miscellaneous
thous. of cars..

4 +494. 1
4
None. +137. 5

4,945
216
133
876
331
314
1,243
1,832

+6.1
+29. 6
+ 0.8
+7.2
+1.2
+ 1.2
+2.5
+4.7

+27.6
+73. 9
+24.1
4-27. 9
4-13.2
434. 7
+24.2
+26.7

Railroad Operations
Revenue:
370, 024
385, 073
396, 687
366, 143
401, 197
377, 517
Freight. .
thous. of dolls
82, 783
92, 381
92, 628
80, 779
80, 641
97, 916
Passenger
thous of dolls
517, 423
539, 865
507, 021
499, 662
522, 427
Total operating
thous. of dolls _ 530, 453
388, 763
376, 064
396, 473
384, 833
390, 180
382, 905
Operating expenses
thous of dolls
88, 105
107, 336
92, 149
94, 523
76, 282
99, 463
Net operating income
thous. of dolls
39, 833
38, 672
39, 237
35, 854
36, 317
37, 968
Freight carried
mills, ton-miles..
Pullman company operations:
7,604
7,291
6,326
6,470
6, 387
7, 562
Revenue
thous of dolls
5, 557
5, 464 - . ._ ...
5, 216
5, 875
5, 703
5, 003
Expenses
thous. of dolls
2,8X0
2, 817
3, 282
2, 718
3,150
3 276
Passengers carried
thousands
Canadian railways:
1, 827, 444 2. 062, 696
Freight carried 1 mile
thous of ton q 2,487,468 2, 109, 277 2, 630, 257 2, 382, 719
2, 137, 395 6, 417, 632
Net operating revenue
dollars 7, 948, 413 5, 562,, 997 6, 228, 919 5, 635, 055

*

6 12,332,852
6
15,338,914

6
6

Railway Equipment
Locomotives (Am. Ry. Assn.):
64, 435
63, 352
63, 266
63, 200
63, 548
63, 440
64, 420
-0.1 -1.9
Owned, end of month
number
2, 591
2,596
2,597
2,598
2,603
2, 594
2,601
+0.1 +0.3
Tractive power
mills of Ibs
9.2G6
9, 836
9,228
8,718
10, 917
10, 659
10, 191
-5.5 -18.2
In bad order, end mo
number..
13.9
17. 1
-5.4 -16.8
15.2
14.7
14.7
16.7
15. 6
Per cent of total in use
per cent..
174
184
204
189
171
179
139
-7.1 +23.0
Installed during month
number__
224
262
270
237
170 -12.2 +39. 4
295
205
Retired during month
.number. _
14
39 -92.7 -64.1
50
191
16
204
251
Ordered from manufacturers
number. _
Building in railroad shops,
84
92
66
123
59 +46.4 +108. 5
103
95
end of month
number
Shipments132
114
159
162
140
76 -17.0 +73.7
151
Total .
number
Domestic82
122
133
58
56 -38. 3 +46.4
146
105
Steam
number. _
11
11
14
12
20
8
12 +81. 8 +66.7
Electric
number
Foreign —
12
12
42
4
1
30
4 +150.0 +650. 0
Steam
_ number .
g
1
6
16
3
0
4 -100.0 -100.0
Electric .
number
Unfilled orders, end of month:
726
555
411
780
667
386 -16.8 +43.8
713
Total
number
Domestic522
585
445
274
635
580
259
-14.8 +71.8
Steam
number
44
46
53
36
50
47
39 -32.1
-7.7
Electric
number
Foreign72
72
51
65
54
60
65 -29.2 -21.5
Steam
number
20
23
25
41
23
0.0
29
23 +15.0
Electric
number
15
20
12 +33.3 +66.7
15
43
20
Exports, steam
number
9
Freight cars (Am. Ry. Assn.):
+0.1 +2.0
Owned, end of month _
cars 2, 346, 242 2, 348, 148 2, 345, 091 2, 346, 908 2, 348, 508 2, 359, 040 2, 301, 551
211, 316
211, 642
210, 256
+0.2
+0.4
210, 966
211, 049
210, 701
210, 569
Capacity'
mills of Ibs
165, 756
162, 470
168, 498
165, 588
198, 468
+0.1 -16.0
159, 845
197, 281
In bad order, end mo
cars
7.2
7.2
8.5
8.4
7.0
7.3
0.0 -14.3
6.9
Per cent of total in use
per cent
10,904
12, 191
9,715
9,036
10,542 +20.7
8,284
10, 505
+3.4
Installed during month
cars..
9,386
8,040
10, 074
7,083
7,560
9,797
10, 051 +32.5
-6.6
Retired during month
cars..
4,270
435
1,256
7,640
5,622
777
843 -70.6 +48.9
Ordered from manufacturers
cars. _
Shipments by manufacturers-7.2 +84.3
8,170
10,009
7,639
5,040
9,287
8,811
9,257
Total
.cars.
8,130
9,185
-8.2 +88.2
10, 003
7,623
4,880
8,668
9,207
Domestic
cars..
Building in railroad shops,
7,652
6,233
8,566
8,633
8,189 -18.5
8,373
8,743
-23.9
end of month
cars
Passenger cars:
124
34
362 -45.2 -81.2
30
68
230
107
Ordered from manufacturers
cars..
Shipments by manufacturers:
222
224
81
82
225
208
115
-0.9 +170. 7
Total..
.cars..
222
102
196
218
81
75
225
+1.8 +195. 9
Domestic
cars..
« Six months' cumulatives ending June 30.




""
1,066
1, 527
372

!
1,288 4-20.8
1, 697 +11.1
' 783 +110. 5

695

1,028

+47.0

455
75

785
101

+72.5
+34. 7

146
19

111
31

-23.0
+63.2

198

175

-11.6

92, 263
68, 390
36, 466

60, 716
55, 639
42, 107

-34.2
-18.6
+15.5

58,508
56, 160

58, 737
54, 573

+0.4
-2.8

928

+15.9

801
471
458

1,335 +183.4
1,285 +180. 6

47

TREND OF BUSINESS MOVEMENTS—Continued
1926

PER CENT INCREASE (+) OR

1925

DECREASE (— )

The cumulative* shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, ''Survey"

March

April

May

June

July

June

July

455, 204
86, 779

252, 589
22, 576

411, 376
77, 723

July,
July,
1926,
1926,
from
from
June,
July,
1925
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

TRANSPORTATION-Continued
Passenger Travel
National parks:
Visitors
Automobiles entered
Arrivals from abroad:
Immigrants
United States citizens
Departures abroad:
Emigrants.- ...
United States citizens. . .
Passports issued

996, 720
119, 536

1, 007, 629
162, 776

+1.1
+36.2

18, 590
26, 326

6 146, 577
6 145, 299

6 160, 340
6 149, 451

+9.2
+2.9

5,747
39, 289
26, 359

8,784
66, 136
13, 830

6 35, 097
6 153, 604
6 116, 144

e 30, 400
6 183, 250
6 118, 582

-13.4
+19.3
+2.1

60, 302
14, 404

53, 946
12, 613

53, 815
11, 815

6 314, 685
6 75, 156

e 353, 801
e 84, 777

+12.4
+12.8

10, 615
13, 177
1,659

11, 085
13, 644
1,945

10, 452
12, 808
1,967

10, 448
12, 868
1,755

6 57, 821
e 71, 168
6 10, 022

6 63, 807
678,477
6 9, 983

+10.4
+10.3
-0.4

100, 831
33, 822

98, 459
32, 133

97, 631
30, 763

90, 213
29, 229

89, 220
26, 274

6 566, 797
6 185, 115

6 606, 291
6 203, 145

+7.0
+9.7

831, 238

802, 890

810, 275

783, 702

769, 618

753, 359

5, 483, 253

5, 566, 477

+1.5

6,149
2,264
3,886

5,773
2,315
3,458

5,810
2,309
3,501

5,875
2,232
3,644

5,203
1, 845
3,358

5,346
1,870
3,476

631,462
611,368
6
20, 094

e 35, 330 +12.3
6 12, 985 +14.2
6 22, 347 . + 11.2

422
5,727

348
5,425

372
5,438

369
5,505

374
4,829

379
4, 967

6 2, 359
6 29, 103

6 2, 3fiO
6 22, 970

509
251
91
93
85
123.4
101.5
92.6

498
245
89
92
82
121.7
101.1
90.2

496
225
88
92
80
121.2
101.0
87.3

486
233
89
92
80
125. 8

491
240
85
90
82
122.3
96.5
87. 7

486
243
84
90
80
128 3
95.3
86.5

-2.0
+3.6
+1.1
0.0
0.0
+3 8
-6.0

-5.1

14, 691
298.7
96
90
93

14, 299
285.3
- 95
89
88

14, 390
280.7
96
89
88

13, 995
270.6
96
84
84

13, 717
284.8
87
85
84

13, 589
286.2
84
81
79

-2.7
-3.6
0.0
-5.6
-4.5

+3.0
-5.5
+14.3
+3.7
+6.3

104

+5.1

-7.1

-0.6

+3.0

-7.1
-0.1
-1.9
-4.8
-5.7

-1.3
-4.7
+5.0
+5.3
+2.1

+4.3
+4.4
—3. 6
0.0
-3.7
-2.6
+2.8
+2.2
-1.9
+2.6
0.0

+2.1
+9.3
—3.6
0.0
0.0
+2.8
+5.7
-4.2
0.0
+2.6
0.0

number
number..

54, 955
4,081

58, 192
4,374

128, 629
18, 505

235, 698
44, 361

number
number

29, 504
29, 987

33,400
28, 931

33, 533
22, 719

24, 790
24, 432

25, 304
27, 347

.number
number
number. _

3,457
25, 215
16, 502

4,989
26, 312
27, 239

5,861
28, 913
31, 460

7, 575
47, 715
25, 916

59, 581
14, 056

59, 521
14, 669

59, 699
13, 785

11, 276
13, 836
2,092

10, 564
12, 980
1,611

102, 442
35, 102

+93.1
+95.6

+10.7
+11.7

PUBLIC UTILITIES
Telephone companies:
Operating revenues
thous. of dolls
Operating income
__ thous. of dolls
Telegraph companies:
Commercial telegraph tolls.thous. of dolls. _
Operating revenue
thous. of dolls. _
Operating income __
thous. of dolls
Gas and electric companies:
Gross earnings-- _ _ _ _ _. thous. of dolls
Net earnings
thous. of dolls..
Electric railways (212 companies) :
Passengers carried. ._ __ thous. of per sons .
Electric power production:
Total..
mills, of kw. hours.
By water power..
mills, of kw hours
By fuels _
.mills, of kw. hours
In street railways, manufacturing
plants, etc.
mills, of kw. hours
In central stations
-mills, of kw. hours. _

764, 509

-2.4

+1.5

EMPLOYMENT AND WAGES
Employment in factories:
New York State.
thousands
517
Detroit
thousands
270
New Jersey (rel. to 1923) .-.index number..
93
Pennsylvania (rel. to 1923) .index number. _
93
Delaware (rel. to 1923)
index number
86
Wisconsin (rel. to 1915)
index number..
124.8
Illinois (rel. to 1922)
index number
101.8
Massachusetts (rel. to 1914) .index number..
95.0
Total pay roll:
New York State
thou*. of dolls
14, 996
Wisconsin (rel. to 1915)
index number. _
302.9
New Jersey (rel. to 1923) index number. _
98
Pennsylvania (rel. to 1923) .index number. .
92
Delaware (rel. to 1923)
index number
93
Ohio construction employees
(rel. to 1923)
index number
60
Federal civilian employees, Washington, D. C., end of month
number
61, 274
Employed in anthractie mines
*_ .number-- 153, 856
Average weekly earnings (State reports):
New York State...
dolls
29.03
Illinois (rel. to 1922)
index number
116.4
Wisconsin (rel. to 1915)
index number..
241.9
Massachusetts (rel. to 1914) .index number-184.8
New Jersey (rel. to 1923) _ _ -index number..
105
Pennsylvania (rel. to 1923) .index number..
104
Delaware (rel. to 1923)
index number..
103
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars
27.49
Total male
dollars
30.13
Skilled male
_
dollars
31.82
Unskilled male..
dollars
24.21
Total women
dollars..
17.30
Average weekly hours:
Nominal (both sexes)
hours
50.1
Actual (both sexes)
hours
49.0
Wages of common labor by geographic divisions:
New England
cents per hour
56
Middle Atlantic
cents per hour
48
South Atlantic
cents per hour
30
East South Central
cents per hour
24
West South Central
cents per hour
27
East North Central
cents per hour
38
West North Central
cents per hour
36
Mountain
cents per hour
44
Pacific
cents per hour
53
United States average
cents per hour..
39
Wage rates, U. S. Steel Corp... cents per hour..
50
Wages, steel workers, Youngstown
district
per cent..
131.5
« Six months' cumulatives ending June 30.




82.1 1

110

112

63, 756
151, 807

63, 837
152,469

27.94
113.8
232.4
182.9
102
97
100

27.98
110.9
222.6
187.3
101
94
97

27.13
29.61
31.21
23.91
17.09

26.49
28.98
30.65
23.19
16.95

26.31
28.61
30.26
22.92
16.70

50.4
48.5

49.9
48.1

49.8
47.4

49.8
47.5

54
46
27
24
28
40
37
45
52
39
50

50
44
29
25
27
37
36
44
53
38
50

46
45
28
25
27
38
36
45
53
38
50

46
42
29
26
25
38
38
47
53
38
50

47
43
28
25
26
36
35
48
52
38
50

131.5

133.0

133.0

133.0

127.0

0.0
-4.1
+6.0
+2.2
0.0
—1 9

65

75

99

61,211
155, 236

61, 036
155, 798

60, 811
154, 716

28.85
116.9
241.2
180.3
105
103
104

28.69
117.1
240.9
179.9
106
103
103

28.99
117.5
236.6
178.7
108
104
105

27.26
29.87
31.50
24.01
17.38

28.81
219.8
178.5
106
99
99

48
47
27
25
26
37
37
46
52
39
50

0.0
+13.3

48

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August , 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

from
June,
1926

July,
1926,
from
July,
1925

July,
March

April

May

June

July

June

1926,

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

EMPLOYMENT AND WAGES— Contd.
Applicants per 100 jobs, employment agencies:
United States average
number..
Eastern States _ _
_ _
number
Central States
number..
Southern States
number..
Western States
number

137
117
185
114
64

126
114
157
137
62

115
113
138
103
56

130
123
174
109
54

120
128
139
106
78

155
118
180
122
59

140
132
177
136
71

-7.7
+4.1
-20.1
-2.8
+44.4

-14.3
-3.0
-21.5
-22.1
+9.9

44, 091
38, 841
22, 998
15, 843

38, 436
33, 724
19, 339
14, 385

39, 248
34, 887
18, 275
16, 612

35, 748
31,995
20,011
11, 984

37, 228
30, 526
16, 095
14, 431

31, 884
27, 916
17, 073
10, 843

-8.9
-8.3
+9.5
-27.9

+12.1
+14.6
+17.2
+10.5

267, 831
228, 585
135, 316
93, 269

288, 020
253, 835
146, 633
107, 202

+7.5
+11.0
+8.4
+14.9

33, 768
2,104
18, 967
1,435
8,591
322
2,446
180
3,764
167
748
72
785
38

35, 689
2,114
20,263
1,442
8,993
325
2,486
180
3,947
167
867
80
801
38

34, 020
2,128
19, 021
1,451
8, 834
329
2,358
181
3,807
167
856
80
779
38

34, 436
2,142
19,395
1,460
8,886
332
2,459
183
3,696
167
•
831
80
790
38

31,351
2,012
17, 827
1,403
7,898
275
2,190
173
3,343
161
623
66
636
33

29, 621
2,015
17, 829
1,405
7,510
275
2,144
173
3,138
162
592
66
572
33

+1.2
+0.7
+2.0
+0.6
+0.6
+0.9
+4.3
+1.1
-2.9
0.0
-2.9
0.0
+1.4
0.0

+16.3
+6.3
+8.8
+3.9
+18.3
+20.7
+14.7
+5.8
+17.8
+3.1
+40.4
+21.2
+38.1
+15.2

206, 823

227, 387

+9.9

119, 036

126, 601

+6.4

52, 165

58, 723

+12.6

92, 205
24, 889

85, 582
25, 101

83,773
25, 371

93, 425
25, 569

71, 105
21, 920

72,649
22, 640

+11.5
+0.8

7,564
638

7,460
619

7,316
626

7,736
644

6,546
548

6,490
550

8,886
3,288

9,489
3,282

8, 979
3,310

9,210
3,321

7,928
2,966

3,880
538

4,063
547

3,586
556

3,382
561

1,000
59

982
59

. 1,071
59

2,745
249

2,670
251

4,486
2,171

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 4 houses
thous. of dolls..
47, 508
Total sales, 2 houses
thous. of dolls..
40, 262
Sears, Roebuck & Co
thous. of dolls..
21, 996
Montgomery Ward & Co. -thous. of dolls..
18, 266
Ten-cent chain stores:
Total sales (4 chains)
thous, of dolls.. 33, 279
Total stores operated (4 chains) _ .number..
2,094
F. W. Woolworth & Co
thous. of dolls..
18, 309
Stores operated
number
1,431
S. S. Kresge Co
thous. of dolls .
8,472
Stores operated
number. _
316
McCrory Stores Corp . . .thous. of dolls
2,654
Stores operated
number. _
180
•S. H. Kress & Co
-thous. of dolls..
3,844
Stores operated
number
167
Metropolitan
thous. of dolls. _
684
Stores operated
_
number
72
F. and W. Grand
thous. of dolls..
763
Stores operated
number
38
Chain stores:
GroceriesSales
thous of dolls
84,676
Stores operated
number
24, 743
DrugSales
thous of dolls
7,671
Stores operated
number
632
CigarSales..
thous. of dolls..
8,442
Stores operated
_ _ .. _ number
3,270
ShoeSales
thous. of dolls
3,340
Stores operated
number
529
MusicSales
thous of dolls
1,013
Stores operated
number
59
CandySales..
1
thous. of dolls..
2,504
Stores operated
. number
236
Restaurant chains:
4,519
Total sales (3 chains)
thous. of dolls..
Childs Co., sales
thous. of dolls..
2,141
Waldorf System (Inc.),
sales
thous of dolls
1,150
Thompson sales.. _ _ thous. of dolls
1,228
Other chain stores:
7,975
J. C. Penny Co.
_
thous. of dolls..
Stores operated
number
687
United Cigar Stores Co
thous. of dolls..
6,267
Stores operated
number
2,986
2,133
A. Schulte (Inc.)...
thous. of dolls. .
Stores operated
number
273
Owl Drug Co.
thous. of dolls
1,367
Stores operated
number
88

14, 221

16, 679

+17.3

22, 377

25, 384

+13.4

4,016

5,136

+27.9

3, 822

5,191

+35.8

+28.6
+12.9

493,802

600, 258

+21.6

+5.7
+2.9

+19.2
+17.1

39, 740

51,460

+29.5

8,040
3,008

+2.6
+0.3

+14.6
+10.4

54, 422

60, 095

+10.4

3,546
491

2,855
492

-5.7
+0.9

+18.5
+14. 0

21, 820

23,049

+5.6

976
60

896
58

944
55

-8.9
+1.7

+3.4
+9.1

6,350

6,885

+8.4

2,476
269

2,550
276

2,234
225

2,196
232

+3.0
+2.6

+16.1
+19.0

15, 714

17, 074

+8.7

4,533
2,165

4,412
2,113

4,296
2,050

3,851
1,810

4,022
1,943

-2.6'
-3.0

+6.8
+5.5

28, 179
13, 451

30, 774
14, 686

+9.2
+9.2

1,113
1,202

1,131
1,237

1,089
1,210

1,076
1,170

1,001
1,040

1,024
1,056

-1.2
-3.3

+5.1
+10.8

7,311
7,418

7,730
8,358

+5.7
+12.7

8,762
692
6,504
2,995
2,341
282
1,291
88

9,797
694
6,945
2,993
2,502
278
1,253
88

9,093
697
6,623
3,017
2,314
282
1,408
88

8,327
697
6,783
3,027
2,388
285
1,441
88

7,037
591
5, 965
2,690
1,913
265
1,455
85

5,883
593
6,020
2,731
1,965
266
1,418
85

-8.4
0.0
+2.4
+0.3
+3.2
+1.1
+2.3
0.0

+41.5
+17.5
+12.7
+10.8
+21.5
+7.1
+1.6
+3.5

41, 551

54, 402

+30.9

40, 726

44, 340

+8.9

13,310

15, 467

+16.2

9,479

9,215

-2.8

2,620
114, 878

2,571
117,035

2,419
105, 948

1,833
88,052

2,232
96,040

1,675
82,062

-24.2
-16.9

+9.4
+7.3

14, 476
688, 886

15, 738
723, 979

+8.7
+5.1

32, 609
6,193
1,275

34, 219
6, 654
2,489

31,664
5,438
2,510

26, 383
5,904
2,086

24, 030
3,299
1,749

18, 934
3,849
1,382

-16.7
+8.6
-16.9

+39.3
+53.4
+50.9

209, 523
43, 406
10, 472

2,850
925

2,715
708

2,786
918

2,447
895

1,210
1,075

1,332
997

—12.2
-2.5

+83.7
-10.2

16, 506
6,576

4,920
383
1,261
492
124
872

5,016
658
1,010
617
134
915

4,859
965
555
596
96
1,024

3,750
724
281
189
83
685

4,269
953
426
507
107
407

3,972
883
205
209
38
292

-22.8
-5.6
-25.0 -18.0
-49.4 +37.1
-68.3
-9.6
-13.5 +118. 4
-33.1 +134. 6

28, 101
3,684
4,189
2,374
990
7,364

2,119
287

2,948
285

3,174
157

2,442
53

2,530
246

2,011
133

-23.1
-66.2

+21.4
-60.2

14, 544
1,134

6,005
336
4,5f7

5,084
204
4,782

4,294
33
4,209

3,758
60
3,073

3,561
84
3,606

3,368
34
229

-12.5
-60. 2
-27.0

+11.6
+2.9

40, 687
1,038
27,458

Advertising
Magazine advertising
thous. of lines. _
2,372
Newspaper advertising
thous. of lines
113, 772
National advertising in newspapers:
Total
thous. of lines.. 32, 766
6,827
Automobile advertising thous. of lines..
Automobile accessories .thous. of lines..
845
Cigars, cigarettes, and
tobacco
thous of lines
2,003
Financial
thous of lines
1,154
Food, groceries, beverages
4,409
thous of lines
279
Hotels and resorts
thous. of lines..
Household furniture
thous. of lines..
681
369
Men's clothing
thous of lines
244
Musical instruments., .thous. of lines..
1,242
Radio and electrical
thous. of lines..
Railroads and steamships
1,239
thous of lines
Shoes
thous of lines
240
Toilet articles and medical
8,504
preparations
thous of lines
293
Women's wear
thous. of lines. _
Miscellaneous
thous. of lines. .
4,437




49 •

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August , 1926, "Survey"

March

April

May

PER CENT INCREASE (+) OR
DECREASE ( — )

1925

June

June

July

July

July,
1926,
from
June,
1926

July,
1926,
from
July,

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

1925

1926

1925

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

DISTRIBUTION MOVEMENT— Contd.
Postal Business
Postal receipts, 50 selected
cities
..
thous. of dolls_.
Postal receipts, 50 industrial
cities
thous of dolls
Money orders:
Domestic paid (50 cities)—
Quantity
number
Value.
thous. of dolls
Domestic issued (50 cities) —•
Quantity
_
.number
Value
thous. of dolls__

26, 987

25, 707

-6.7

+4.2

191,232

205, 558

+7.5

2, 833

2,888

+4.1

+6.4

20, 572

22, 134

+7.6

9,868
79, 733

11, 933
80, 682

9,763
74, 469

-12.5
-8.6

+1.1
+7.1

78, 843
548, 645

76, 244
586, 475

-3.3
+6.9

3,214
33, 289

2,970
32, 154

3,127
30, 840

2,861
29, 361

-7.6
-3.4

+3.8
+9.5

21, 928
214, 280

22, 128
227, 861

+0.9
+6.3

192, 591
1, 538

167, 635
1,388

209, 780
1,678

195, 345
1,490

-13.0
-9.8

-14.2
-6.8

221, 697
218, 157
788, 352
716, 607
149
160
938, 453 1, 006, 669

213, 216
734, 531
121
947, 868

-6.5 +4.0
-3.6 -2.4
-10.8 +23.1
-4.3 -1.0

1, 463, 446
5, 368, 654
988
6, 833, 088

1, 539, 338
5, 422, 360
1,216
6, 962, 914

+5.2
+ 1.0
+23.1
+ 1.9

991, 361 1, 038, 711
32, 202
53, 057

975, 509
27, 762

-3.2 + 1.6
+21.4 +91.1

7, 049, 699
217, 599

7, 296, 500
334, 802

+3.5
+53.9

658, 562
194, 315
78, 125
931, 002

638, 195
198, 113
47, 565
883, 873

638, 833
182, 991
54, 947
876, 771

-6.6 +3.1
+6.2
-4.0
+ 12.8 +42.2
-4.7 +6.2

4, 340, 894
1, 314, 445
354, 418
6, 009, 757

4, 623, 191
1, 479, 484
496, 264
6, 598, 939

+6.5
+ 12.6
+40.0
+9.8

133, 755
42, 639
4,457
180, 851

121, 806
37, 977
3,263
163, 046

125, 554
36, 665
3,375
165, 593

+ 1.1 +6.5
-2.5 + 16.3
+6.0 +32.1
+0.3 +9.2

865, 504
251, 517
31, 817
1, 148, 836

926, 993
289, 840
34, 082
1, 250, 915

+7.1
+ 15.2
+7.1
+8.0

9,969

8,892

8,974

+0.9 + 11.1

4,238
1,572
2,666

3,586
1,500
2,086

3,633
1,507
2,126

+ 1.4 + 16.7
+0.3 +4.3
+2.0 +25.4

3,899
951
2,132
705
111

3,647
1,048
1,974
521
105

3,666
1,038
l;983
538
106

+0.3 +6.4
-1.1 -8.4
+0.2 +7.5
+2.5 +31. 0
+0.9 +4.7

1,184
648

1,066
592

1,075
599

+0.9 - +10. 1
+ 1.4 +8.2

33, 454

30, 851

28, 547

28, 719

26, 783

3,525

3,234

2, 985

2,952

3,073

12, 543
94, 968

11,411
87, 948

10, 634
83, 359

11, 276
87, 257

3,539
35, 411

3,218
32, 687

3,109
32, 650

222, 768
1,897

249, 618
1,881

207, 018
1,702

.

Wholesale Trade
Delinquent accounts, electrical trade:
Amount.
_
dollars
Number of
firms
number..
BANKING AND FINANCE
Life Insurance
( Association of Life Insurance Presidents')

Policies, new (45 companies) :
Ordinary
.number of policies
239, 720
227, 169
236, 209
237, 020
Industrial
number of policies
844, 659
859, 630
787, 138
743, 137
Group
number of contracts
195
163
167
190
Total
number of policies and contracts.. 1, 084, 569 1, 014, 470 1, 096, 034 980, 324
Policies and certificates issued:
Total policies and certificates
number.. 1, 128, 636 1, 075, 226 1, 135, 654 1, 023, 867
Group insurance certificates .. certificates. _ 44, 257
39,815
60, 919
43, 710
Amount of new insurance (45 companies) :
Ordinary
thous of dolls
724, 454
702, 309
704, 852
675, 296
Industrial .
thous. of dolls
235, 207
202, 315
230, 203
215, 504
Group
thous. of dolls
72, 368
56, 458
69, 282
80, 663
Total insurance
thous. of dolls .. 1, 027, 025 971, 463 993, 974 976, 449
Premium collections (45 companies) :
Ordinary
thous. of dolls
142, 143
139, 123
132, 268
131, 553
Industrial
. _ thous. of dolls
43, 344
40, 299
43, 747
40, 763
Group
_
thous. of dolls..
4,814
4,251
4,206
3,240
Total .
thous. of dolls
190, 301
183, 126
176, 103
180, 221
Admitted life insurance assets (41 companies):
Grand total
mills, of dolls..
9,882
9,717
9,630
9,800
Mortgage loansTotal
mills, of dolls..
4,121
4,016
4,073
4,181
Farm
__ mills, of dolls..
1,543
1, 552
1,560
1,568
All other
mills, of dolls..
2,473
2,521
2,561
2,613
Bonds and stocks (book values)—
Total
..mills, of dolls..
3,825
3,865
3,888
3,846
Government
mills, of dolls..
979
962
1,007
996
Railroad..
....mills, of dolls..
2,074
2,104
2,128
2,091
Public utilities
mills, of dolls..
672
688
636
650
All other
mills, of dolls
108
109
110
110
Policy loans and premium
notes
mills, of dolls..
1,141
1,152
1,174
1,163
Other admitted assets
.mills, of dolls..
651
639
648
646

I

(Life Insurance Sales Research Bureau)
Sales of ordinary life insurance (81 companies):
United States total*
.thous. of dolls
E astern manuf. district. thous. of dolls..
Western manut district. thous. of dolls..
Western agric. district. .thous. of dolls..
Southern district
thous. of dolls..
Far Western district. .. thous. of dolls..
Canada total, 15 companies. thous. of dolls. _

790, 669
314, 969
177, 861
121, 290
97, 904
78, 645
40, 483

743, 635
301, 053
156, 590
119, 914
94, 449
71, 629
37, 346

735, 724
299, 463
152, 382
116,090
93, 816
73, 973
37, 703

749, 567
289, 847
162, 750
124, 381
96, 540
76, 049
44, 634

702, 129
279, 650
153, 663
110, 372
86, 758
71, 686
40, 101

694, 577
268, 911
148, 939
116, 109
90, 515
70, 093
42, 307

692, 492
288, 312
144, 296
107, 665
82, 901
69, 318
37, 671

-6.3
-3.5
-5.6
-11.3
-10.1
-5.7
-10.2

+ 1.4
-3.0
+6.5
+2.5
+4.7
+3.4
+6.5

4, 715, 052
1,931,758
1, 002, 477
742, 741
575, 946
462, 121
244, 764

4, 935, 138
1, 992, 849
1, 064, 730
773, 990
617, 176
486, 393
268, 918

+4.7
+3.2
+6.2
+4.2
+7.2
+5.3
+9.9

29,300
22, 512

26, 571
21, 426

28, 196
22, 442

27, 659
23,674

26, 930
21, 681

25, 458
21, 559

-1.9
+5.5

+8.6
+9.8

179, 500
146, 296

200, 083
157, 083

+11.5
+7.4

25, 964
18, 649
1,417

23, 386
18, 170
1,403

24, 195
18, 934
1,411

23,827
19, 184
1,376

24,019
18, 361
1,186

23, 396
18, 714
1,273

-1.5
+1.3
-2.5

+1.8
+2.5
+8.1

165, 268
124, 290
8,562

174, 018
130, 653
9,393

+5.3
+5.1
+9.7

514
1,662
601
2,954
2,242
75.7

474
1, 673
645
2,975
2,243
76.0

515
1,697
643
2,980
2,260
75.3

521
1,671
585
2,999
2,261
76.3

455
1,634
579
2,059
2,210
77.0

468
1,598
553
2,937
2,201
77.3

13, 949
5,576
12, 829

13, 874
5,705
12, 917

14, 135
5,681
13, 252

13, 976
5,652
12, 846

13, 205
5,505
12, 725

13,217
5,506
12, 815

Banking
Debits to individual accounts:
New York City?...
mills, of dolls..
33, 006
Outside New York City
mills, of dolls..
23, 432
Bank clearings (United States):
New York City
mills, of dolls..
28,092
Outisde New York City
mills, of dolls..
19, 502
Bank clearings (Canada)
.mills, of dolls..
1,293
Federal reserve banks:
Bills discounted
mills . of dolls _
632
Notes in circulation
mills, of dolls _ _
1,656
Total investments
mills, of dolls ..
593
Total reserve
mills, of dolls . . 2,920
Total deposits
mills, of dolls ..
2,323
Reserve ratio
per cent..
73.4
Federal reserve member banks:
Total loans and discounts. ..mills, of dolls. . 14, 052
Total investments
mills, of dolls .
5,495
Net demand deposits
mills, of dolls..
12, 901




+1.2 +11.3
-1.5 +4.6
-9.0 +5.8
+0.6 +2.1
0.0 +2.7
+1.3 -1.3
-1.1
-0.5
-3.1

+5.7
+2.7
+0.2

50

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulative* shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey'1

March

April

May

PEE CENT INCREASE (+) OE
DECEEASE (— )

1925

June

July

June

July

July,
1926,
from
June,
1926

CUMULATIVE TOTAL
FEOM JANUARY 1
THEOUGH JULY 31

July,
1926,
from
July,
1925

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

BANKING AND FINANCE— Continued
Banking— Continued
Brokers' loans, end of month:
To New York Stock
Exchange members..
thous. of dolls _. 3, 000, 096 2, 835, 719 2, 767, 401 2, 926, 298 2, 997, 760
By New York F. R. member
banks..
thous. of dolls _. 2, 573, 051 2, 463, 697 2, 431, 505 2, 565, 177 2, 602, 042
Interest rates:
4.19
4.38
3.97
New York call loans
per cent _
4.43
4.59
3.88
3.95
4.20
4.00
Commercial paper 4-6 mos
per cent
4.28
Discount rate:
3.50
4.00
3.50
3.50
N. Y. Fd. Res. Bk. 60-90 days .. .per cent _ _
3.50

+2.4
+1.4
4.07
3.88

4.30
3.93

+5.7
+1.8

+3.0
+0.5

3.50

3.50

0.0

0.0

-4.2
-4.3
-21. 2
+9.3
+21.1

323, 362
2, 105, 382

336, 161
2, 289, 092

+4.0
+8.7

2, 061, 609

2, 022, 998 1

-1.9

Savings Deposits
New York State savings
banks

thous. of dolls __ 3, 671, 730 3, 668, 819 3, 667, 580 3, 726, 826

3, 517, 264 3, 502 Oil

Public Finance
Government debt:
Interest-bearing
_ mills, of dolls _
Total gross debt
mills, of dolls . .
Short-term debt
mills, of dolls
Customs receipts
thous. of dolls . .
Total ordinary receipts
thous. of dolls_.
Expenditures chargeable to
ordinary receipts
thous. of dolls
Money in circulation:
Total
mills, of dolls. .
Per capita
dollars

19, 814
2 J, 083
5,369
54, 891
657, 621

19, 808
20, 069
5,363
47, 936
194, 713

19,80,3
20, 063
5,359
42, 707
183, 520

19, 384
19, 643
4,944
47,261
651, 639

19, 357
19, 613
4,917
49, 352
236, 020

20,211
20, 516
6,254
44, 544
614, 992

20, 199
20, 488
6,241
45, 156
194, 945

-0.1
-0.2
-0.5
+4.4
-63.8

466, 240

336, 867

250, 869

362, 203

222, 095

418, 349

245, 593

-38.7

-9.6

4,806
41.73

4,854
42.11

4,871
42.21

4,835
41.85

4,858
42.01

4,736
41.51

4,720
41. 31

+0.5
+0.4

+2.9
+1.7

38, 487

33, 543

29, 408

29, 680

36, 701

34, 505

+0.9

-14.0

273, 904

239, 578

-12.5

16, 734
19, 094
2,660

16, 157
15, 710
1,676

10, 092
15, 525
3,791

11, 167
14, 614
3,898

16, 159
17, 213
3,329

10, 932
15, 961
7,612

+10.7
-5.9
+2.8

+2.1
-8.4
-48.8

98, 990
133, 847
46, 067

90, 928
125, 395
23,256

-8.1
-6.3
-49.5

1,957

1,730

1,708

1,605

1,745

1,685

-6.0

-4.7

13, 105

13, 081

-0.2

494
1,378
85

437
1,216
77

435
1,160
113

396
1,122
87

431
1,229
85

418
1,184
83

-9.0
-3.3
-23.0

-5.3
-5.2
+4.8

2,997
9, 513
604

3,188
9,278
615

+6.4
-2.5
+1.8

426, 075

338, 650

341, 350

491, 915

234, 635

438, 785

215, 800

-52.3

+8.7

2,892,812

+6.9

99, 575
63, 075
26, 175
10, 325

62, 950
31,300
24,900
6,750

71, 250
41, 550
24, 575
5,125

121,415
62, 215
31,900
11,600

87, 135
47, 950
33,500
5,685

115, 385
59, 075
30, 510
10,900

83,900
46, 500
32, 275
5,125

-28.2
-22.9
+5.0
-51.0

+3.9
+3.1
+3.8
+10.9

783, 010
412, 985
232, 615
69, 995

+4.5
+4.0
+4.4
+8.0

Business Failures
Liabilities (United States) :
Total commercial
thous. of dolls . . 30, 623
Manufacturing
establishments
thous. of dolls . _ 9,862
Trade establishments... thous. of dolls.. 18, 623
2,138
Agents and brokers
thous. of dolls..
Liabilities (Canada)
thous of dolls
Firms (United States) :
1,984
Total commercial
number
Manufacturing
469
establishments
number _ .
1,424
Trade establishments
number. 91
Agents and brokers.
number..
Firms (Canada)
number
Dividend and Interest Payments
(For the following month)
Grand total
_ -thous. of dolls. .
Dividend payments:
Total
thous. of dolls
Indus, and misc. corp.. thous. of dolls..
Steam railroads
thous. of dolls. .
Street railways
thous. of dolls . .

2, 705, 665

749, 335
397, 275
222, 785
64,800

New Securities Issues
Foreign governments
.. thous. of dolls .
Total corporation (Commercial and Financial
Chronicle)
.'
thous. of dolls. .
Purpose of issueNew capital
thous. of dolls..
Refunding
Kinds of issue—
Stocks _ _
thous. of dolls ._
Bonds and notes
thous. of dolls..
Class of industryRailroads
thous. of dolls
Public utilities
thous. of dolls
Industrials
thous of dolls
Oil
thous. of dolls..
Land and buildings
thous. of dolls..
Shipping and misc
thous. of dolls..
Bond issues (Canada) :
Govt. and provincial
thous. of dolls. _
Municipal
thous. of dolls
Corporation. _
thous. of dolls .
Total corporation (Journal of
Commerce)
thous. of dolls
States and municipalities:
* Permanent loans
... .thous. of dolls..
Temporary loans
thous. of dolls..
N ew incor Derations
thous . of dolls . .
6
Six months' cumulatives ending June 30.




21, 500

83, 100

42,000

27,600

12, 520

140, 188

144, 500

-54.6

-91.3

397, 131

215, 492

-45. 7

480, 400

442, 586

453, 868

472, 402

474, 383

379, 269

398, 059

+0.4

+19.2

2, 920, 532

3, 352, 376

+14.8

443, 232
37, 168

331,516
111, 070

441, 631
12, 237

379, 039
93, 363

414, 635
59, 748

311,531
67, 737

323, 377
74, 682

+9.4
-36.0

+28.2
-20.0

2, 453, 204
467, 326

2, 936, 989
415, 388

+19.7
-11.1

181, 291
299, 109

31, 733
410, 853

196, 423
257, 445

57, 196
415, 206

101, 036
373, 348

106, 172
273, 097

160, 637
237, 422

+76.6
-10.1

-37-. 1
+57.3

739, 179
2, 181, 353

865, 572
2, 486, 807

+17.1
+14.0

31, 930
137, 426
95, 366
104, 750
55, 505
48, 923

61, 924
216, 932
51, 100
9,450
53, 533
48, 498

17, 925
274, 824
51, 178
3,500
50, 481
55, 710

40, 376
215, 876
76, 744
2, 050
94, 744
42, 362

40, 775
211, 829
91, 801
6,500
82, 893
40, 585

36, 527
141,419
23, 610
16, 359
116, 262
45, 093

65, 000
+1.0
107, 853
-1.9
92, 445 +19.6
40, 722 +217. 1
63, 269 -12.5
26, 769
-4.2

-37.3
+96.4
-0.7
-84.0
+31.0
+51.6

411, 508
1, 069, 213
563, 387
203, »5
434, 693
203, 147

262,611
1, 412, 791
679, 478
177, 037
437, 800
347, 347

-36.2
+32.1
+20.6
-13.1
+0.7
+71.0

5,000
1,888
16, 540

5,735
50, 575

25, 000
6,643
2,100

21, 943
3,342
34, 005

e 87, 742
e 31, 365
112, 017

e 162, 143
6 32, 084
6
114, 255

+84.8
+2.3
+2.0

301, 137

438, 299

253, 742

278, 280

269, 140

118, 982
117, 553
122, 301
72, 748
748. 505 1.011.931

141, 567
35, 533
867. 366

146, 100
58, 335
757. 355

11, 596
6,468
12, 892

2,032
3,400

208, 012

321, 115

-3.3

-16.2

2, 313, 340

2, 439, 130

+5.4

144, 689
89, 671
123, 301
9,631
98, 405
33, 480
454. 865 1. 003. 270 1. 066. 860

-38.6
-83.5
-39.9

-27.3
-71.2
-57.4

873, 209
468, 880
5. 488. 153

835, 780
402, 238
7. 555. 303

-4.3
-14.2
+37.7

6

51
TREND OF BUSINESS MOVEMENTS—Continued
. 1926

PER CENT INCREASE (+) OR

1925

DECREASE ( — )

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

Per
cent
increase

The cumulatives shown are through
July except where otherwise noted.

Earlier data for items shown here may
be found on pages 22 to 151 of the
August , 1926, "Survey"

July,
March

April

May

June

July

June

July

from
June,

from
July,

or decrease

July,

1926,

1926

1926,

1925

1926

cumulative
1926
from
1925

1925

BANKING AND FINANCE— Continued
Agricultural Finance
Loans outstanding, end mo.:
Federal farm loan banks, .-thous. of dolls. .1, 027, 361 I, 033, 045 1, 038, 385 1, 043, 955 1, 048, 275
594, 028
Joint-stock land banks _ _ _ . thous. of dolls. _ 579, 458
600, 150
587, 169
605, 718
Federal intermediate credit
78, 554
banks
.
thous. of dolls. . 83, 991
81, 574
76, 450
71, 139
11, 188
12, 564
13, 089
War finance corporation thous. of dolls..
11, 870
10, 803

975, 175
501, 673

980, 638
508, 800

+0.4
+0.9

+6.9
+19.0

58, 398
29, 222

58, 333
28, 043

-6.9
-3.4

+22.0

144. 42
79.57
108. 05

149. 25
80.23
110. 75

+3.9 +8.5
+1.1 +16. 5
+1.1 +1.8

-61.5

Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share. . 158. 05
87.35
25 railroads, average
dolls, per share ..
106. 63
103 stocks, average
dolls, per share. _
Southern cotton mill
119. 49
stocks
dolls, per share-Stock sales:
52, 040
N. Y. Stock Exchange
thous. of dolls-Bond sales:
Miscellaneous
thous. of dolls
247, 061
Liberty-Victory
thous. of dolls. . 27, 108
Total
thou?. of dcll3_. 274, 176
Eond prices:
Highest-grade rails. p. ct. of par, 4% bond..
88.71
79.74
Second-grade rails.. p. ct. of par, 4% bond..
73.22
Public utility
p. ct. of par, 4% bond_.
Industrial
p. ct. of par, 4% bond..
77. 13
79.32
Comb. price index-.p. ct. of par, 4% bond..

144. 70
86.33
108. 94

146. 95
88.04
108. 13

155. 81
92.37
111. 50

161.89 >
93.43
112.75

117. 79

115.04

113. 84

110. 58

114.84

113. 66

-2.9

-2.7

24, 296

23, 188

37, 990

36,732

30, 860

37, 273

-3.3

-1.5

242, 181

248, 798

+2.7

269, 232
28, 948
298, 180

226, 854
20, 857
247, 711

250, 875
26, 452
277, 327

221,926
20, 052
241, 978

243, 516
33, 074
276, 590

237, 909
32, 192
270, 101

-11.5
-24.2
-12.7

-6.7
-37.7
-10.4

1, 908, 599
229, 380
2, 137, 979

1, 697, 142
171, 033
1, 868, 184

-11. 1

89. 83
81.23
73. fi9
77. 60
80. 16

89.99
81.97
74.24
78. 15
80.68

89. 59
82.20
74.89
78. 08
80.82

89. 11
81.53
75. 14
77.79
80. 56

88.77
77.79
72.06
77.01
78.46

87.28
76.78
71.05
76. 85
77. 56

-0.5
-0.8
+0.3
-0.4
-0.3

+2. 1
+6.2
+5.8
+1.2
+3.9

-25. 4
-12.6

1

(For 1st of following month]
5 Liberty bonds
_ . ...p. ct. of par..
16 foreign governments and
city
p. ct. of par. Comb, price index, 66 bonds. .p. ct. of par-Municipal bond yield.
. .... percent _
Long-term real estate bonds issued:
Grand total
thous. of dolls
Purpose of issueFinance construction. ..thous. of dolls. .
Real estate mortgage ... thous. of dolls.Acquisitions and
improvements
thous. of dolls..
Kind of structure —
Office and other
commercial
thous. of dolls
Hotels
thous. of dolls _.
Apartments
thous. of dolls

102. 61

102. 87

102. 78

102. 95

102. 74

102. 97

102. 14

-0.2

+0.6

101. 80
98.38
4.14

102. 92
99.38
4.12

102. 83
99.43
4.12

103. 31
99.42
4.10

103. 40
99.15
4.11

103. 50
98.18
4.00

103. 40
97.47
4.07

+0.1
-0.3
+0.2

0.0
+1.7
+1.0

60, 099

50, 370

42, 398

49, 754

82, 985

69, 408

108, 195

24, 95, 0
9,640

20, 603
13, 110

18, 239
12, 615

40, 945
7,425

43,660
18, 125

59, 244
27, 091

5, 230

5,085

15, 480

13, 180

3,138

10, 405

16, 525
8,925
6,075

11,378
6,235
6,440

29, 191
4,833
7,875

34, 295
16, 505
7,035

22, 640
29, 345
8,850

58, 229
834
43, 413
4,225

75, 336
803
13, 116
17, 884

69, 699
849
2,935
9,343

68, 261
852
18, 890
3,346

5,171
5,539
8,333
.659

4,954
6,322
7,612
.644

5,066
4,872
7,931

4.86
.036
.040
.042
.401
.268
.193

4.86
-.034
.040
.037
.402
.268
.193

..dolls, per yen..
dolls, per rupee--

.454
.366

dolls, per Canadian dolLdolls, per gold peso..
dolls, per milreis..
dolls, per paper peso..

.996
.903
.145
.121

GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces. .
Rand output
thous. of ounces..
Imports
thous. of dolls
Exports
..thous. of dolls. .
Silver:
Production
thous. of fine oz
Imports
_ thous. of dolls
Exports
.
thous. of dolls
Price at New York..'
dolls, per fine oz._

-16.4

+15.5

393, 026

389, 995

-0.8

37, 004
+6.6
9,420 +144. 1

+18.0

+92.4

243, 087
77, 330

220, 022
69, 828

-10.5
-9.7

8,145

-76.2

-61.5

41, 660

49, 385

+18.5

37, 745
23, 365
7,855

13, 756
16, 655
6,630

+77.8
+25.8

-34.0

+64.6
+76.2
+33.5

157, 699
70, 493
55, 102

170, 921
76, 983
50, 851

+8.4
+9.2
-7.7

82, 696
860
19, 820
5,069

71, 652
780
4,426
6,712

92,830
818
10,204
4,416

+21.1 -10.9
+0.9 +5.1
+4.9 +94.2
+51.5 +14.8

561,316
5,602
50, 871
195,352

514, 319
-8.
5,748
+2.6
142, 941 +181. 0
46, 805 -76.0

5,211
5,628
7,978
.655

4,660
5,949
7,920
.648

5,481
4,919
8,522
.691

5, 365
5,238
8,349
.694

-10.6 -13.1
+5.7 +13.6
-0.3 -5.1
-1.1 -6.6

37, 126
37, 421
58, 865

4.86
.032
.039
.031
.402
.268
.194

4.87
.029
.037
.030
.402
.268
.194

4.86
.025
.034
.024
.402
.268
.194

4.86
.048
.038
.047
.401
.268
.194

4.86
.047
.037
.046
.401
.269
.194

-0.2
0.0
-13.8 -46.8
-8.1 -8.1
-20.0 -47.8
0.0 +0.2
0.0 -0.4
0.0
0.0

.466
.362

.470
.363

.469
.363

.471
.363

.408
.365

.411
.366

+0.4
0.0

+14.6
-0.8

1.000
.908
.140
.121

1.001
.913
.147
.120

1.001
.917
.155
.120

1.001
.921
.156
.121

1.000
.913
.109
.113

1.000
.918
.114
.117

0.0
+0.4
+0.6
+0.8

+36.8

FOREIGN EXCHANGE RATES
Europe:
England
France
Italy
Belgium
Netherlands.
Sweden
Switzerland
Asia:
Japan
India.
Americas:
Canada
Argentina
Brazil
Chile

dolls, per £ sterling..
dolls, per franc. .
dolls, per lire-..dolls, per franc-dolls, per guilder..
dolls, per krone-dolls, per franc. .




+0.1
+0.3

+3.4

35, 267
42, 936
57, 289

-5.0
+14.7
-2.7

:52
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
July except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

March

PER CENT INCREASE (+) OR
DECREASE (— )

1935

1926

April

May

June

397, 964

321, 029

336, 980

July

July,
1926,
from
June,
1926

June

325,216

325, 648

July,
1926,
from
July,
1925

+0.7

July

+4.2

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH JULY 31

1925

1926

2, 389, 405

2, 643, 572

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

U. S. FOREIGN TRADE
Imports
Grand total
thous. of dolls
443, 098
By grand divisions:
EuropeTotal
_thous. of dolls
117, 119
France.
thous. of dolls.. 14, 456
Germany
thous. of dolls
18, 383
8,957
Italy
thous. of dolls__
United Kingdom
thous. of dolls.. 37, 126
North AmericaTotal
-thous. of dolls
97, 536
Canada
thous. of dolls _
40, 382
South America63, 613
Total
-_
thous. of dolls
Argentina
__ thous. of dolls
12, 677
Asia and Oceania153,235
Total
- -thous. of dolls
Japan
thous. of dolls
22, 901
Africa, total
thous. of dolls.. 11, 595
By class of commodities:
Crude materials
thous. of dolls
198, 351
Foodstuffs, crude, and
food animals
thous. of dolls ._
51,302
Manufactured foodstuffs.. .thous. of dolls.. 40, 153
Semimanufactures
thous. of dolls
74, 697
Finished manufactures
thous. of dolls. _
78, 795

339, 232

104, 808
11,648
17, 101
7,639
33, 271

89, 461
8,771
14, 413
7,420
24, 401

104, 597
10, 074
15, 100
7,924
31, 591

88, 759
10, 053
11, 247
9,206
26, 674

93, 069
9,841
13, 820
7,036
33, 196

e 594, 650
6 75, 227
e 68, 816
6 53, 948
6 198, 869

6

90, 929
38, 434

79, 048
35, 144

88, 134
41, 607

85, 228
37, 321

76,188
38, 915

6 519, 737
6
209, 002

6

51, 247
8,027

37, 542
6,933

40, 390
7,365

37, 022
5,799

41, 487
5,249

139,864
32, 309
11, 115

110, 238
24, 810
4,740

96, 527
21, 137
7,332

164, 800

128, 109

122, 537

47, 122
39, 249
70, 610
76, 182

35, 908
32, 931
61, 059
63, 022

43, 040
36, 025
64, 332
71, 046

374, 421

387, 871

356, 621

338, 419

164, 373
24, 000
21, 116
12, 260
67, 941

175, 732
21, 924
21, 345
14, 811
70, 614

145, 477
19, 084
21, 202
11, 801
55, 500

100, 567
62, 446

99, 272
56, 746

110, 873
75, 735

632, 513
69, 855
6 97, 551
6 47, 269
6
198, 291
6

+10.6

+6.4
-7.1
+41.8
-12.4
-0.3

516, 253
» 228, 789

-0.7
+9.5

6 260, 996
6 46, 304

6 6298, 265
52, 092

+14.3
+12.5

e 632, 883
e 6153, 094
55, 492

6

794, 559
6174,741
6 62, 750

+25.5
+14.1
+13.1

107, 514
24, 215
6,694

111,992
32, 133
3,263

131,215

130, 226

125, 483

+7.1

+4.6

956, 297

1, 120, 124

+17.1

42, 209
29, 312
65, 775
70, 721

35, 733
37, 704
59, 085
62, 468

42, 368
34, 095
58, 791
64, 911

-1.9
-18.6
+2.2
-0.5

-0.4
-14.0
+11.9
+9.0

273, 826
279, 068
436, 454
443, 752

310, 123
242, 494
480, 457
490, 373

+13.3
-13.1
+10.1
+10.5

368, 359

323, 348

339, 660

+8.8

+8.4

2, 702, 980

2, 575, 804

-4.7

144,393
14, 802
20, 170
10, 661
62, 647

144, 437
15, 205
22, 365
11, 763
57, 197

155, 027
14, 402
23, 588
12, 268
57, 738

1,001,737
1,271,610 6 6
135, 295
131, 265
e 228, 854 6 131, 536
6
116, 840 6 6 76, 738
e 477, 758
414, 695

-21.2
-3.0
-42.5
-34.3
-13.2

98, 642
64, 989

96, 177
59, 877

101, 556
62, 596

Exports
Grand total, including
reexports
thous. of dolls
By grand divisions:
Europe—
Total
thous. of dolls
France
thous. of dolls
Germany
_thous. of dolls
Italy
thous. of dolls
United Kingdom
thous. of dolls..
North AmericaTotal
thous. of dolls..
Canada
.thous. of dolls
South AmericaTotal
thous. of dolls
Argentina _
thous. of dolls.
Asia and Oceania—
Total
thous. of dolls..
Japan
thous. of dolls
Africa, total
.thous. of dolls
Total domestic exports only
thous. of dolls..
By classes of commodities:
Crude materials
thous. of dolls
Foodstuffs, crude, and
food animals
.- .thous. of dolls.
Manufactured foodstuffs. ..thous. of dolls..
Semimanufactures
.. .thous. of dolls
Finished manufactures
thous. of dolls.. i
Agricultural exports (quantities) :
All commodities
index number
All commodities except
cotton
.index number..

6

6

6 548, 838
303, 164

6
6

e 193, 533
6 70, 486

6

6
6

576, 722
353, 329

+5.1
+16.5

211, 102
68, 992

+9.1
-2.1

6

369, 867
121, 330
47, 017
2, 515, 377

+20.4
+25.8
+11.4
-5.3

569, 500

-16.3

194, 716
+60.8 +50.4
138,359
322, 912
+3.4 - 18. 3
272, 029
402, 961
-3.3 -8.0
370. 038
+6.9 +9.8 1, 051, 700 1, 165, 451

-28.9
-15.8
-8.2
+10.8

6

i

35, 413
11, 878

37, 181
10, 878

35, 342
10, 643

30, 126
9,770

31, 192
10, 936

32,275
11,977

65, 826
22, 323
8,242
364, 940

66, 460
21, 000
9,226
379, 198

57, 483
18, 753
7,447
348,079

57, 490
16, 895
6,768
328, 728

360, 494

45, 110
9,764
6,433
315, 676

44, 896
10, 947
5,876
331, 674

+9.7

+8.7

6 307, 148
6 96, 423
6
42, 191
2, 655, 834

83, 031

80, 506

67, 383

63, 245

72, 093

52, 578

56, 854

+14.0

+26.8

680, 544

15, 596
40, 526
53, 520
172, 267

14, 595
• 38, 170
57, 910
188, 017

25, 155
34, 053
50, 707
170, 781

21, 088
34, 237
54, 986
155, 172

33, 908
35, 418
53, 145
165, 930

21,879
43, 077
54, 382
143, 760

22, 546
43, 346
57, 782
151, 146

87

86

81

71

68

70

108

107

113

104

118

125

100, 934
113,966

67, 801
60,915

86, 052
93, 095

91, 513
119,399

75, 518
94,319

81, 492
103, 280

6

CANADIAN FOREIGN TRADE
Total trade:
Imports
Exports
6

thous. of dolls
thous. of dolls

Six months' cumulatives ending June 30.




O

88, 610
111, 595 1

-3.2
-6.5

+8.7
+8.1

496, 454
598, 834

575, 655
673.; 495

+15.9
+12.5

OF THE DEPARTMENT OF COMMERCE
$ OF

ving inmost -direct .interest to readers of
the

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