Full text of Survey of Current Business : September 1926
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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 ™.. '•'• '",'• ?^ir'~$wfaii#*v&>Q&&0$'::. ': -•' X ;.>- -_.--;./ iDformatiott^r^'-'--./^ pabti(^^^^ ^t^^^^^ceii&iiis pubKca,VVA" concerning plan of - ;r :.\v:' •;;; /, : ,4,,- .\: •• * (For ^v f ^ . ~ v,. vv ^**-*\1-- *" } ^r«' i ? ^ ' s -' ^ - C ^^>''K j \ i,\ " x 'c-/-- ^s\ ^/,* \ - ;jpea»!^^^^^cli^^e,'^l^^ ? ^ ;v "2«otiihtv: s1&iyi!^:;£^ o Com- Mineral Resources of the United States in 1925; Prelimi4ftAiMW^£t«»9M^«M«A«KWr *"' JiTiEi *f^>/\'-r<«-*»rti.H-s "t>*.irtrt <lA^ ' " ,'"" " V 7 *• "" " eoatM^nlfir ^rot>£ ^;;; $$&»>!& ^^3^1y&m* $&&&& i&*e $&**< <&to^^^ ^ta f ' " s- ^«^*J^VJ ^1^V»l^«S«r£^^ ^OjA^ i f v 'i /^age»,S^I^%^me] ^•' -- ^^^^^m^^^^ mw^ J{,;i-L ,» : ^*"'"" * ^^ * v """** ^ • . - -*-v- inous Sandstones; vof the Clin —^- summaries t>f ^xp ;;^MMr«b.in' -Biiiia^M^^-tl^;^ -*aM;m<ik;::';: V. American Documented ivetf an account ,of• ee m#hilfrrMif*3&*' J& . , ,, Competition in the Scandinavian Countries, fWbBofctkta 'No. 1SS| .fi-h^ SNI&s» •? Pfi I>ia0t Hpritafes-<fes^ip»» ? .« . ' ihdM » - i« N. * " '»:t-*.. *^' -, V ^ t ».> j -• . *f. ^ -vt », ."< "t.'^M>i-i,l » ^*S ^'^ tv Aj»-s ,i * ..-a« »• f$$£;j&i v i. j y& "<^^^.a-. jr<- e devdoj^aieal. of . Atlantic Coast of the United States : Buoy List, Coast of . 71 in& wstos, of xof Concrete Building oti t all s Hop© , , _ Atlantic Coast of the %itM States: Buoy tist, MafBte and JPkst I£(fhthotis« Bl^trM, ' ' " ^ of ^ 0x4lea; 0taj6^:fihteylast^ Al^fea, ft^tise Bis^ct^ I$2$\(eorr&j$edfto \Ma/^}* ' » IL" Sfl^.:,-\' ^ " ^ "^ *< ' - ^ * '. • ', " \r , . : . , ,: '\ 49 . , . t< Cbasf of Ae Untt^i States: Pimy l.isi, California, " to 41 acific Coast of the United States: Buoy List, Oregon and > o " a *\ ^ /V r-' / v '. '-''"' V-' a ' 4 "-- ' - « ;>'- '""•-^Y^'J//v^V^f/'- -;Vi'^-- : "^ '*^Vf ^^ Wactur^ ^ 33-tJ w^r^ grc^t^r than in 1 ^1^ ^^^ M^ ^*P^^/l4C^^ dfifib^sbc^ ; ;ia j^be^ only aUgbd&jbdoV pe^|>^l jf$1^6^^'^;Hkflrdadr Vl Sjv # * . , . -^v < T>. i ..-.-„• r^^-**.. W:* 1:/|f^)%lfc i^^ik^^^Q^^ 'i -1*'Jj£ --*' ^'1*^;^^sx7v ?, ' .V^'^'r^!^ ';h\V V ; ^^fi^'i^^^fi^xVJ&^^ ; ;- - 'aad fij|«^' fa J&4i^&&$ty vpfemef ^it^C^U '/^ ~ ^. i»i^^ti^^{id^to^o^m^ s|<4ot ," - \ - 7 ^ ;vdh|ae&^ ~* I)i^cussi6ii^ Nof, transporta^oa and communication; finance ajwJ-"'-}^ 1 800 pages O:;^ tin$^m%&^ ^*\*' l^^ r ofs;. * WHAT REPRESENTA vlGOI,»Y OF '', ,A few^ng, automobile Maiiufac- ; 3 ^ compainy "i i-"*f jlXCW-j Y * J&/ NJ**ti« 4 -— T cation ^aich ilk a ^«i , the business community.' ! , Publisher of a widely-read technical journal: '*Ev^<5Bcis a grasp of condifCommerce Building ->|di«>2 ^ **&*•*-' ' Otfoa^^NUUir^ JNATI: Chamber <rf Com [OINES: PostOflkel ' < , A p^iannieat^nigman^c^tor^^Nbi ^ American manufacturei has any excuse "s ^