53
UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS IMPORTANT NOTICE In addition to figures given from Government sources, there are also incorporated for completeness of service ficwrqs 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 the August semiannual issue Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents, semiannual issues, 25 cents. Foreign Subscriptions, 22,25; single copies (monthly issues), including postage, 14 cent£; semiannual issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY $5.50 a year. Make, remittances only to Siiperintendeni: of Documents, Washington, D. C., by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or,foreign money not accepted WASHINGTON I GOVERNMENT PRINTING OFFICE : |9J7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

UNITED STATESDEPARTMENT OF COMMERCE

WASHINGTON

SURVEY OFCURRENT BUSINESS

JANUARY, 1927No. 65

COMPILED BY

BUREAU OF THE CENSUSBUREAU OF FOREIGN AND DOMESTIC COMMERCE

BUREAU OF STANDARDS

IMPORTANT NOTICEIn addition to figures given from Government sources, there are also incorporated for completeness ofservice ficwrqs from other sources generally accepted by the trades, the authority and responsibilityfor which are noted in the "Sources of Data" on pages 152-155 of the August semiannual issue

Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents, semiannualissues, 25 cents. Foreign Subscriptions, 22,25; single copies (monthly issues), including postage, 14 cent£; semiannualissues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY $5.50 a year. Make,remittances only to Siiperintendeni: of Documents, Washington, D. C., by postal money order, express order, or New

York draft. Currency at sender's risk. Postage stamps or,foreign money not accepted

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INTRODUCTION

THE SURVEY OF CURRENT BUSINESS is designed to

Eresent each month a picture of the business situationy setting forth the principal facts regarding the vari-

ous lines of trade and industry. At semiannual inter-vals detailed tables are published giving, for each item,monthly figures for the past two years and yearlycomparisons, where available, back to 1913; also blanklines sufficient for six months have been left at thebottom of each table enabling those who care to doso to enter new figures as soon as they appear (seeissue for August, 1926, No. 60). In the interveningmonths the more important comparisons only aregiven in the table entitled "Trend of business move-ments/'

ADVANCE SHEETS

Realizing that current statistics are highly perish-able and that to be df use they must reach the businessman at the earliest possible moment, the departmenthas arranged to distribute advance leaflets every weekto subscribers in the United States. The leafletsare usually mailed on Tuesdays and give such infor-mation as has been received during the precedingweek. The information contained in these leafletsis also reprinted in "Commerce Reports," issuedweekly by the Bureau of Foreign and Domestic Com-merce. The monthly bulletin is distributed as quicklyas it can be completed and printed.

BASIC DATA

The figures reported in t^e accompanying tables arevery largely those already in existence. The chieffunction of the department is to bring together thesedata which, if available at 11,; are scattered in hun-dreds of different publications. A portion of thesedata are collected by Government departments, otherfigures are compiled by technical journals, and stillothers are reported by trade associations.

RELATIVE NUMBERS

To facilitate comparison between different items andrender the trend of a movement more apparent, rela-tive numbers (often called "index numbers," a termrefining more particularly to a specialkind of numberdescribed below) have been calculated. The relativenumbers enable the reader to see at a glance thegeneral upward or downward tendency of a move-ment which can not so easily be grasped from theactual figures.

In computing these relative numbers the last pre-war year, 1913, or m some instances a five-year aver-age, 1909-1013, has been used as a base equal to 100wherever possible.

The relative numbers are computed by allowing themonthly average for the base year or period to equal100. If the movei&ent for a current month is greater

* than the base, the relative number will be greater than100, and vice versaL The difference between 100 andthe relative number will give at once the per centincrease or decrease compared with the base period.Thus a relative number of 115 means an increase of 15

per cent over the base period, while a relative numberof 80 means a decrease of 20 per cent from the base.

Relative numbers may also be used to calculate theapproximate percentage increase or decrease in a move-ment from one period to the next. Thus, if a relativenumber at one month is 120 and for a later month itis 144 there has been an increase of 20 per cent.

In many instances comparable figures for the pre-war years are not available, and in such cases the year1919 has usually been taken as the base. For someindustries 1919 can not be regarded as a proper base,due to extraordinary conditions in the industry, andsome more representative period has been chosen.In many cases relative numbers of less importancehave been temporarily omitted.

Most of the relative numbers appear in a specialsection of the semiannual issues, as in Tables 111 to131 of the August, 1926, number, thus allowing easycomparison on a pre-war base for all items for whichrelatives could be computed.

INDEX NUMBERSWhen two or more series of relative numbers are

combined by a system of weightings the resultingseries is denominated an index number. The indexnumber, by combining many relative numbers, isdesigned to show the trend of an entire group of in-dustries or for the country as a whole, instead of forthe single commodity or industry which the relativenumber covers. Comparisons with tHe base year orwith other periods are made in the same manner as inthe case of relative numbers.

RATIO CHARTSIn many instances the charts used in the SURVEY

OF CURRENT BUSINESS are of the type termed "RatioCharts" (logarithmic scale), notably the Businessindicator charts on page 2. These charts show thepercentage increase and r allow direct comparisonsbetween the slope of one curv£ and that of any othercurve regardless of its location on the diagram; thatis, a 10 per cent increase in an item is given the samevertical movement whether its curve is near the bot-tom or near the top of the chart.

The difference between this and the ordinary formof a chart can be made clear by an example. If acertain item* having a relative number of -400 in on&month, increases 10 per tfent in the following month,its relative number will be 440, and on an ordinarychart would be plotted 40 equidistant scale pointshigher than the preceding month. Another move-ment with a relative number of, say, 50 also increases10 per cent, making its relative number 55. On theordinary (arithmetic) scale this item would rise only 5equidistant points, whereas the previous item rose 40points, yet each showed the same percentage increase.The ratio charts avoid this difficulty aftd give to eachof the two movements exactly the same vertical riseand hence the slopes of the two lines are directlyComparable. The ratio charts compare percentagechanges, while the arithmetic charts compare absolutechanges.

This issue presents practically complete data for the month of November and also items covering the early weeks ofDecember received up to December 27. (See charts and table, pp. 4 and 5.) As most data covering a particular month'sbusiness are not available until from 15 to 30 days after the close of the month, a complete picture of that month'soperations can not be presented at an early date9 but the advance leaflets give every week the latest data available.

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UNITED STATES DEPARTMENT OF COMMERCEWASHINGTON

SURVEY OFCURRENT BUSINESS

COMPILED BY

BUREAU OF THE CENSUS : : BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS

No. 65 JANUARY 1927

C O N T E N T SSUMMARIES

PagePreliminary summary for December 1Course of business in November 9Monthly business indicators (table and chart) 2, 3Weekly business indicators (table and chart) 4, 5Wholesale price comparisons (table and charts) 6, 7,11Indexes of business:

Condensed summary 9Text and chart 10Detailed indexes (production, prices, sales, etc.) 22

Basic steel and related products (charts) 8

NEW DETAILED TABLES

Census of manufacturesClay products and nonclay refractoriesDomestic water softenersFactory labor turnover

19161311

INDEX BY SUBJECTS Textpage

Textiles 12Metals, metal products, automobiles, etc 12Fuels .... 14Hides and leather 14Rubber _ .Paper and printing 14Building construction and housing 15Lumber products 15Stone, clay, and glass products 15Chemicals and oils 16Foodstuffs 17Tobacco 18Transportation and public utilities 19Employment and wages. 11Distribution movement (trade, advertising, etc.) 19Banking, finance, and insurance 19Foreign exchange and trade, gold and silver 20

Tablepage2527303132323334353638414143444547

PRELIMINARY SUMMARY FOR DECEMBER^ Measured by check payments, the dollar volumeof trade in December, as seen from early weeklyreports, was somewhat below a year ago. The pro-duction of coal and petroleum was greater than lastyear, while the output of lumber and beehive cokewas running smaller.. The volume of goods movinginto consumption, as seen from car loadings, was onabout the same level as last year. Contracts awardedfor new construction were smaller than a year ago.

Wholesale prices continued to average lower andduring the month reached the lowest level in almosttwo and a half years. Loans and discounts of Fed-

25368—27 1

eral reserve member banks showed little change fromthe previous month, but were well above a year ago.Kates on call money averaged higher than in Novem-ber, but were generally lower than a year ago, withsimilar comparisons for time money. Stock prices,both industrial and railroad, averaged higher thanin November and a year ago. Loans to brokers anddealers by Federal reserve member banks in NewYork City expanded during the month. Businessfailures were more numerous than in either the pre-ceding month or December, 1925.

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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]

350

RELATIVE TO 1913 AS 1001920 1921 1922 1923 1924 1925 1926

PRICES 25 INDUSTRIAL STOCKS

INTEREST RATES, COMMERCIAL PAPER

100250200

I I I IWHOLESALE PRICES (DEPT.OF LABOR )

-FARM PR ICES (DEPT. OF AGRICULTURE)-

RELATIVE TO 1918 AS 100

1920 1921 1922 1923 1924 1925 1926200

1920 1921 1922 1923 1924 1925 1926

WHOLESALE TRADE

DEPT,' STORfe TRADE (359 STORES)

MANUFACTURING PRODUCTION, , I , I

(Q4.CQ^.MOPIT.IE

AUTOMOBILE PRODUCTION( PASSENGER CARS AND TRUCKS;

1920 192! 1922 1923 1924 1925 1926

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MONTHLY BUSINESS INDICATORS

The following table gives comparative relative numbers for a selected list of important business movements. It is believedthat this table will prove useful, because it segregates from the large mass of material a comparatively small number of items whichare 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, using1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group ofrelative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing theabsolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, comparedto previous months, does reflect the present tendency in each item and will give a basis for business judgment.

ITEM

Production:Pig ironSteel ingotsCopper . ._ ....Cement (shipments)Anthracite coal . „Bituminous coalElectric energy (gross revenue sales)Crude petroleumCotton (consumption)Beef.Pork

Unfilled orders:United States Steel Corporation

Stocks:Crude petroleum 1 . .Cotton (total)

Prices: >Wholesale indexRetail foodRetail coal, bituminous . ...Farm products

Business finances:Defaulted liabilitiesPrice 25 industrial stocksPrice 25 railroad stocks .

Banking:Clearings, New York CityClearings, outsideCommercial paper interest rate.

Distribution:Imports (value).. .Exports (value)Sales, mail-order

Transportation :Freight, net ton-miles

Production:Lumber •Building contracts

Stocks:Beef.Pork

Business finances:Bond prices (40 issues)

Banking:Debits outside New York City.Federal Reserve —

Bills discounted...Total reservesRatio

MONTHLY AVERAGE

1930 1921 1922 1923 1924 1925

1925

Sept. Oct. Nov. Dec.

1926

Jan. Feb. Mar.,\pr. May June July Aug. Sept. Oct. Nov.

1913 monthly average =100

1201359910898119283178105119113

170

143155

226203207205

10818467

257275134

294331264

137

546438107998731218997113117

90

171198

147153197116

22913664

205212118

140181188

105

87114801315885349224109126130

96

265153

149142188124

22816975

23023080

177154204

115

130144120153104118407295117130160

102

311125

154146190135

19718572

22627690

212168259

139

1011221281649910143428799133151

68

369111

150146169134

19819881

26428471

201185284

131

11814613617768109470304115139128

73

290129

159145167147

16226299

30031573

236198327

139

1061382322401

11745031310414497

63

287129

160159163144

134280102

27631676

234203309

151

1181541382071

133495311117173122

70

284185

158162170143

129298102

32935880

250237464

161

1181551311372

127535297117137127

78

283216

158167179144

157305107

29832379

252216396

149

127158135943

132558294124152162

85

278237

156166179143

160305111

34234879

266226473

139

130164138772

135578288125139168

83

278226

156164179143

191309111

34434179

279192336

138

1141511327927117559264122120127

78

274213

155162179143

150309109

27228875

260170322

130

134178147129115116545293136136136

74

274192

152160170140

134272105

35633978

297181357

141

135163143175108101537290124137120

65

273168

151162168140

169249104

32932476

266187344

133

13615614324310698506302111139119

61

271143

152161161139

147253106

29731672

215172299

146

126149139259117105499298111150136

59

268119

152160160139

129268111

30732970

226163309

144

12614514025411110948931399136129

61

26598

151157160136

130280113

30233472

227178284

153

125159140251108116497321108140118

60

26485

149156162133

123296116

27530478

225186286

160

123156141245111123521315123164100

61

265137

151159170134

131296120

27131380

230217336

162

130162146237114137

333122166101

62

264217

150160177130

146283114

30934482

253215417

177

12614814615398150

335126155119

64

263260

148162188130

143295117

28231780

252232425

1919 monthly average** 100

10272

6698

86

114

1329780

8669

4283

87

91

91122122

117102

2970

107

95

28144154

133106

3291

104

107

39146152

129108

3490

108

108

19146160

141138

3482

112

121

26134149

153155

1759

111

119

33131144

157148

2046

111

137

30132144

140146

3145

112

121

32131142

127137

3656

112

137

39129134

113117

3467

114

134

23135149

13090

3374

115

114

28133147

146150

3078

115

133

33133146

142155

2576

116

128

27135151

148153

2274

117

122

24136151

148142

2178

117

128

27136150

139125

1986

117

135

27137152

143141

1884

117

118

32135148

141139

2067

116

121

37134145

143135

2652

116

135

33135147

141131

3647

118

123

33135144

* 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 flr, 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 34,552,000,000board feet reported by the census.

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WEEKLY BUSINESS INDICATORS[See table on page 5]

WEEKLY AVERAGE, 1922 -IS24 =100. FISHER'S INDEX, WEEKLY AVERAGE 1923-1924= 100-

BITUMINOUS COAL, PRODUCTION WHEAT. RECEIPTSJAN. [FEB. [MAR.[.APR. | MAY |JUNE JULY[ AUQ. SEPT.] OCT. |NOV. [DEC.

FISHER'S WHOLESALE PRICE INDEXJAN.

J

is

FEB.

V\\

MAR

'"\

V*

APR.

V"

••v

MAY

/' vv *

/?

JUNE

.". /

A

JULY

,/

K

AUQ.

V

SEPT.

V.A

GOT,

'*•*•*

NOV.

..••*

ft

OEC.

\

*x«

JJ-L,

COTTON PRICES MIDDLING NEW YORK

LUMBER PRODUCTION

COTTON RECEIPTS IRON AND STEEL COMPOSITE PRICES

BEEHIVE COKE PRODUCTION

WHEAT PRICE NQ.2 RED WINTER

PETROLEUM PRODUCTIONCDAILY AVERAGED LOANS AND DISCOUNTS F.R.MEMBER BANKS.

BUSINESS FAILURES(NUMBER)

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WEEKLY BUSINESS INDICATORSAll data are given as relative to the weekly average for 1922 to 1924 as 100, except wholesale prices, which are based on 1923 to 1924 average

WEEKENDING »—

1925

Oct. 310 .172431. -

Nov. 7142128

Dec. 5121926

1926

Jan. 29

162330

Feb. 6 .. .132027

Mar. 6132027

Apr 3101724

May 1g

15 . _.2229

June 5121926

July 3.1017..2431

Aug. 7_.14..:::::2128

Sept. 411::....::1825

Oct. 29

1623...30

Nov. 61320.. _27

Dec. 41118...25

Bit

um

ino

us

co

al

pro

du

ctio

n

121.3128.7129.7133.2137.5

134.1134.0138.8127.8

141.8142.2139.892 9

117.5143.5144.0136.9138.4

134.0132.3126.8120.0

115.2117.8113.1106.0

99.6103.8102.5102.1

100.599.6

102.4102.3106.7

95.4106.0104.7108.5

104.591.5

111.4111.8116.1

111.8117.1116.0123.6

121.3113.0126.1129.1

132.3136.2136.4140.0148.6

144.4152.1157.3147.8

161.7155.2145.6

Lu

mb

er p

rodu

ctio

n

114.8116.7114.8116.7116.7

114.8112.4113.8106.2

108.1110.5111.472.9

56.781.494.3

101.9103.8

108.1110.5108.1107.1

109.5111.4114.8118.1

116.7115.7119.0118.1

111.4109.5111.4112.4113.8

105.2112.4114.8109.5

105.284.8

107.1103.8109.5

110.5111.4110.5113.3

109.599.5

109.5111.4

108.1111.4110.5108.1110.5

107.1103.8103.892.4

102.9101.094.3

Bee

hive

co

ke

pro-

du

ctio

n

82.089.099.198.2

114.5

128.3129.4124.6128.5

130.7127.6137.3114.5

128.5127.2136.4150.4148.7

161.0158.8154.8140.4

115.8115.4115.4109.7

102.6100.0102.2100.0

92.193.089.392.585.1

85.586.080.782.0

71.577.279.874.677.2

72.871.580.379.4

80.779.886.086.4

80.791.288.287.786.0

84.288.689.986.8

83.880.780.3

Pet

role

um

pro

duc-

tion

114.9114.9114.2113.3113.2

112.8111.8112.5112.1

111.9111.2110.5109.8

108.2107.7106.8105.7103.8

104.5104.3104.3105.6

105.3106.1105.8106.0

106.7106.7106.4107.2

109.1109.3109.6108.9110.3

110.1110.4110.3110.8

111.7111.5112.6113.5116.0

117.4118.5119.0119.4

120.4119.7119.1119.0

120.3120.8122.5125.3127.8

129.2128.5129. 9131.1

131.0131.4

Car

load

ings

122.3121.6121.6123.3120.0

116.9115.5116.3101.5

112.2110.9106.477.1

81.599.7

103.0101.3101.7

100.6100.8102.4100.3

106.0106.3107.4106.4

102.0102.2106.1107.0

109.4109.5113.2114.2118.8

104.0116.5114.7116.8

117.999.0

119.1119.3121.2

119.1121.7119.7124.9

126.6113.3130.5130.0

130.3130.2133.0132.9133.7

125.0122.3118.6103.6

116.3109.8

Bui

ldin

g co

ntr

acts

234.8132.0117.6130.6157.8

175.8141.5147.2104.3

181.4142.1142.3110.2

152.3131.8119.2182.7115.5

93.277.0

102.8146.7

106.4119.6167.0157.1

165.1207.4184.9128.6

165.2166.4147.2190.0168.3

124.5150.9134.3150.6

125.6158.2162.8134.1188.7

121.5152.1151.8197.7

145.0193.4162.1180.2

173.8141.4186.4159.9168.8

147.3140.0137. 4188.1

96.8135.4203.0

Rec

eipt

s of

whe

at

149.0113.490.774.681.0

95.886.5

104.5104.7

117.3116.3104.174.4

41.675.763.055.953.0

51.948.960.840.6

45.736.642.142.1

31.439.433.642.4

41.942.337.343.458.2

44.344.742.368.3

106.0166.1171.6232.0309.6

284.0225.0167.9131.1

155. 1146.6141.2117.1

110.9104.987.9

104.6112.9

99.692.473.970.6

65.568.359.1

Rec

eipt

s of

cott

on

311.9309.4337.4327.7325.1

323.8rns289.8285.1

293.6283.0242.6206.8

174.0132.8112.3119.6106.0

101.397.987.771.1

68.565.568.171.5

57.451.948.143.0

49.443.444.339.640.4

36.634.027.218.3

20.414.522.122.128.1

25.148.559.167.7

112.8126.0216.2275 7

355.7398.7397 4391.1363.0

354.0340.4337. 9307.7

311.5288.5263.0

Rec

eipt

s of

cat

tle

142.8156.6155.9149. 5143.7

136.7124.4119.088.7

123.5125.1119.365.3

71.4103.9105.1102.283.3

87.885.578.882.3

81.083.385.988.4

69.874.382.088.7

99.098.187.186.895.8

95.592.994.285.9

96.590.0

104.294.994.2

75.699.0

102.9103.9

124.1121.9134.1141.5

131.2147.3143 1144.0151.8

125:7139.2133.498.4

112.5103.5105.1

Rec

eipt

s of

hog

s

78.173.470.770.680.6

85.087.597.679.0

110.0110.2102.870.6

97.2122.7112.594.7

102.0

94.493.779.080.9

90.182.985.678.6

59.968.974.874.6

78.774.566.572.178.7

75.792.075.771.4

72.170.767.170.968.2

70.967.167.959.9

60.960.764.260 4

59.564.567.375.180. 1

80.786.480.676.2

98.3101.291.4

Who

lesa

le p

rice

s

102.3101.7102.0101.7102.9

103.3103.4103.6104.2

105.1103.6102.7102.9

103.8103.8103.4103.7104.0

104.0103.3102.0101.3

100.399.9

100.198.8

98.998.298.898.5

97.998.599.299.699.4

98.9100.199.299.0

97.998.297.997.196.4

96. 296.095.996.5

96.296.796.696 3

96-695.596 596.797 7

100.099.697.297.3

97.497. 195.9

Pri

ce o

f cott

on

mid

-d

lin

g

87.583.481.982.374.7

79.278.978.580.8

78.574.373.274.7

78.178.579.678.978.5

78.578.578.575.1

73.674.072.872.8

73.272.872.571.3

71.372.571.770.971.3

70.968.769.470.2

69.172.170.271.372.5

71.367.268.772.1

70.669.864.557.4

54.049.451 347.547.9

47.949.449.149.4

45.746 447.5

Pri

ce

of

iron

an

dst

eel

(com

posi

te)

91.191.191.191.592.4

93.694.394.594.6

95.395.295.295.2

95.595.595.595.394.9

94.994.994.794.7

94.794.794.694.6

94.693.893.893.6

93.493.493.392.892.5

92.191.791.591.5

91.891.891.791.791.5

91.591.591 591.5

91 591.491 992 1

92 092.192 892.892 9

93 293.593 693.7

93.693 193.092.8

Pri

ce o

f No.

2 w

hea

t

125.2130.1

138.2

136.6138.2137.4140.7

143.9

152.8153. 7152.8152.8148.8

156.1148.8145.6147.2

139.0137.4142.3130.1

136.6142.3

134.1135.8137.4134.1135.0

120.3126.8125.2117.9

109.8

120.3117.1118.7

113.0111.4110.6110.6

108 1108.9111.4111 4

113 0111.4113 0115.4116 3

114.6113.0110.6112.2

112.2113 8113.0

Ban

k lo

ans

and

dis

-co

un

ts

118.3118.2118.6118.7118.9

120.0119.9119.9119.4

119.8120.2120.4120.8

121.8121.3120.2120.0119.3

119.6119.8119.4119.2

119.8119.0119.3119.3

120.2119.4118.9118.7

119.3119.8119.4118.9118.7

119.4118.9120.2119.3

120.9120.3119.8119.6119.6

120.4120.7120 3120.4

121 3121.5122.5122 0

123 1123.3123 2123.0122 4

122 9122.4122 2122.5

123.0122 7123.0

Deb

its

to i

ndiv

idua

lac

counts

126.9138.7118.0137.5122.4

131.8114.4145.8124.4

124.7123.9141.4133.6

109.8153.2129.8135.2124.0

132.4123.3121.7107.7

143.5121.7133.6122.2

124.0133.1126.2129.6

117.3134.2119.7125.6118.8

117.0121.4129.8123.0

126.8130.3129.3129.9116.1

127.2116.8122 8113.0

112 7101.7127 4131 3

119 6143.6118 7145.4127 7

123 2127.3130 3123.6

119.9126 2130.7

Cal

l-m

oney

rat

es

121.2112.1100.0103.0121.2

112.1109.1112.1121.2

121.2124.2124.2142.4

145.597.0

109.197.0

109.1

112.1118.2115.1127.3

112.1103.0103.0118.2

115.197.0

109.184.8

93.993.990.997.097.0

100.097.090.9

103.0

115.1109.1103.097.0

106. 1

109.1109.1109 1115.1

115 1121.2121.2127 3

133 3115. 1124 2103.0109 1

109.1106.1112.1115.1

118.2118 2118.2

Bus

ines

s fa

ilur

es

87.390.583.880.692.8

88.1102.7109.095.3

105.0107.5112.783.1

93.0137.3142.5127.6128.4

128.99*4.8

118.9104.0

120.4122.197.5

110.2

98.599.8

108.2117.9

122.6100.3104.2102.7108.0

84.894.099.599.5

92.376.188.189.398.8

93.392.390 191.0

93 874.481.383 6

82 897.393 3

107.2107 0

95.5105.2113 798.8

115.2115 9105.2

* 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 fourassociations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from AmericanRailway Association; Building contracts from F. W Dodge Corporation; Receipts of wheat from Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture,Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor IrvingFisher; 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 ChicagoBoard of Trade through U. S. Department of Agriculturet Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts fromFederal Reserve Board; Call-money rate from Wall Street Journal; Business failures from It. O. Dun & Company.

i The actual week for all items does not always end on same day.

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6

WHOLESALE PRICES IN NOVEMBER

ss^kjftjsM^ii-i.-COMMODITIES

COMPARISON WITH COMPARISON WITH SAME MONTH COMPARISON WITH SAME MONTHPREVIOUS MONTH 1925 1924

DECREASE INCREASE DECREASE INCREASE DECREASE INCREASE

20 10 0 10 20 50 40 30 20 10 0 10 20 30 40 60 60 70 80 50 40 30 20 10 0 10 20 30 40 50 60 70 80i—i , i ' i 1—i—i 1 1 1 1 1 1 1 1 1 1 r i ' i—i 1 1 1 1 1 1 1 i i" i 1 1 • ' i'i — i 1 1 1 r— i — i 1 1 1 1 1 1 1 r 1 -| 1 1 1 — rFARM PRODUCTS* AVERAGE PRICE TQ

WHEAT

CORN

POTATOES

COTTON

COTTONSEED

CATTLE, BEEF

HOGS

LAMBS

WHEAT. SPRING

WHEAT, WINTER

CORN NO. 2

OATS

BARLEY

RYE, NO . 2

TOBACCO, BURLEY

COTTON

WOOL, «/4 GREASE; BOSTON )CATTLE, STEERSHOGS. HEAVYSHEEP, EWESSHE.EP, LAMBS

FLOUR, SPRINGFLOUR, WINTERSUGAR, RAWSUGAR, GRANULATEDCOTTONSEED OILBEEF, CARCASSBEEF, STEER ROUNDSHAMS, SMOKED(CHICAGO)

COTTON YARNCOTTON PRINT CLOTHCOTTON SHEETING

.WOMEN'S DRESS~GOODSSUITINGSSILK, RAW

HIDES, PACKER'S

HIDES, CALFSKINS

LEATHER, CHROME ( BOSTON )

LEATHER, SOLE, OAK.

BOOTS AND SHOES ( BOSTON )

BOOTS AND SHOES (ST. LOUIS)

COAL/BITUMINOUS

COAL. ANTHRACITE

COKE

PETROLEUM

PIG IRON, FOUNDRY

PIG IRON, BASIC

STEEL BILLETS. BESSEMER

COPPER

LEAD

TIN

ZINC

LUMBER. PINE, SOUTHERN

LUMBER, DOUGLAS FIR

BRICK, COMMON (NEW YQRKl

CEMENT

STEEL BEAMS

RUBBER CRUDE

SULPHURIC ACID

m\

i

B

Ei

m

, , Vs.

Wfa

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1ii

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Y//7//////////////^V////////////W

. , ffiTfcFARM PRODUCTS. MARKET F

' ' V/////A

Y/y///%w/W/////////t

UM>.

-

FOOD

J£CLOTHING

E%%

•j

, ,

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FUEL

E%%^%%3

METALS

, V///////K

\W/y///A

ffitt.&Wfflffltfffl'ffl'fflw

20 10 0 10 20 60 40 » 20 10 (DECREASE INCREASE DECREASE

BUILDING MATERIAL AND MISC

1

fj

Ri

:L

i r - r i • i • i — i r 1 1 1 1 1PRODUCER

1 '^w/////////////////.

^/^!^^^/^^^^v//y////?/////^/////^^

••••••••••BBCIIjni

CE1 ' ' W///.

^5^^^^//^/^

•sj^^^^ / ^^^^^

m

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1 '1$! %^ ^

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I

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_• , . L , , . , _

J 10 20 BO. 40 60 80 70 90,50 40 30 20 10 Q 10 20 30 40 50 60 70 80INCREASE DECREASE INCREASE

NO CHANGE ** NO QUOTATION

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WHOLESALE PRICE COMPARISONSNOTE.—Prices to producer on farm products and market price of wool are from U. 8. Department of Agriculture, Bureau of Agricultural Economics: nonferrous metal

from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotation* repre-sent prices to producer or at mill. See diagram on page 6.

COMMODITIES

FARM PRODUCTS-AVERAGE PRICE TO PRODUCERS

WheatCornPotatoesCottonCottonseedCattle, beefHogsLambs

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)Barley, fair to good, malting (Chicago)Rye, 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 (New York)Cottonseed oil, prime summer yellow (New York)Beef, fresh carcass good native steers (Chicago)Beef, fresh steer rounds No. 2 (Chicago)Pork, smoked hams (Chicago)

CLOTHING

Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)Cotton-print cloth, 27 inches, 64 x 60-38H"-5.35— yards to poundCotton 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 Kanawha (Cincinnati)Coal, anthracite, chestnut (New York tidewater)Coke, Connellsville (range of prompt and future) furnace — at ovensPetroleum, crude, Kansas-Oklahoma — at wells

METALS

Pig iron, foundry No. 2, northern (Pittsburgh)Pig iron, basic, valley furnaceSteel 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 (Hat-tiesburg 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)

Unit

BushelBushelBushelPound .Ton..PoundPoundPound. ..

BushelBushelBushelBushelBushelBushelCwtPoundPound .CwtCwtCwt.,Cwt

BarrelBarrelPound.. ..Pound.. ..PoundPound.. ..Pound.. ..Pound

PoundYard .YardPoundYardYard. . .PoundPoundPoundSquare footPound ..PairPair

Short ton __Long ton...Short ton. _Barrel

Long ton...Long tonLong ton...PoundPoundPoundPound

M feetMfeetThousand..

BarrelCwtPoundCwt

ACTUAL PRICE(dollars)

October,1926

1.214.745

1.264.117

20.06.0643.1206.1131

1.441.40.78.47.71

1.0121.00

.132

.459.89

12.975.81

13.28

7.946.94.046.057.09.170.162.303

.329

.068

.0901.40.70

3.295.78.161.178.45.43

6.404.85

3.7411.484.002.050

20.2618.0035.00

.1386

.0840

.6823

.0730

43.5417.1615.50

1.652.00.333.75

Novem-ber, 1926

1.236.660

1.413.110

18.66.0632.1145.1111

1.391.38.71.45.71.96

21.00.128.45

9.3912.095.77

12.70

7.746.64.047.058.08.170.145.293

.321

.069

.0851.40.70

3.295.49.153.168.45.43

6.404.85

4.3911.484.891.750

20.7618.5035.00

.1358

.0801

.6867

.0720

43.0216.2312.25

1.652.00.286.75

Novem-ber, 1925

1.488.746

1.984.181

27.64.0614.1066.1215

1.611.71.84.40.72.86

25.00.208.54

10.5811.326.79

15.25

8.547.61.040.051.10.178.143.282

.407

.089

.1081.60.80

3.606.57.163.198.46.47

6.405.15

3.3911.296.881.588

22.1419.8834.75

.1435

.0974

.6214

.0861

48.2716.5014.75

1.651.95.853.70

PEE CENTINCREASE (+) OR

DECREASE (— )

Novem-ber, 1926,

fromOctober,

1926

+1.8-11.4+11.8-6.0-7.0

1 7-5.1-1.8

-3.5-1.4-9.0-4.3

0.0-5.0

0.0-3.0

0.0-5.1-6.8-0.7-4.4

-2.54 3

+2.2+1.8

—11.10.0

-10.5—3.3

-2.4+1.5-5.6

0.00.00.0

-5.0-5.0-5.6

0.00.00.00.0

+17.40.0

+22.3-14.6

+2.5+2.8

0.02.0

-4.6+0.6-1.4

-1.2-5.4

-21.0

0.00.0

-14.10.0

Novem-ber, 1926,

fromNovem-ber, 1925

-16.9-11.5-28.8-39.2-32.5+2.9+7.4-8.6

13 7-19.3-15.5+12.5-1.4

+11.6-16.0-38.5-16.7-11.2+6.8

-15.0—16.7

-9.412 7

+17.5+13.7—20.0

4 5+1.4+3.9

-21.1-22.5-21.3-12.5-12.5-8.6

-16.4-6.1

-15.2-2.1-8.5

0.0-5.8

+29.5+1.7

-28.9+10.2

6.2-6.9+0.7-5.4

-17.8+10.5-16.4

-10.9-1.616.9

0.0+2.6

-66.5+7.1

RELATIVE PRICE(1913 average =100)

Octo-ber,1926

1531212129892

109161185

158142124125114159159103180116155124170

173180131134122131124182

1331291461802222131598894

16796

206153

170216164219

12712213691

192157133

18918§236

1631324175

No-vem-ber,1926

1561072379286

107153182

152140114120114151159100180110145123163

169173134135114131111176

1301301381802122131518389

16796

206153

200216200187

13012613689

183158131

187176175

1631323575

No-vem-ber,1925

188121332151127104142199

177174135107114135189162216124135145196

186198115120140137109170

16416917620625423318089

105171105206163

154213282170

13813513594

223143157

210179225

16312910651

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8

PIG IRON PRODUCTION AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS

[November, 1926, is latest month plotted]

14,000

.600

AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS AWARDED IN 27 NORTHEASTERN STATES

800

[November, 1926, is latest month plotted]

800

BUILDING CONTRACTS AWARDEDv(.27 STATES.) \

40

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS

[November, 1926, is latest month plotted]

4,000

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BUSINESS SUMMARY{Index and relative numbers based on the 1919 monthly average as 100—-except unfilled orders which are based on the 1920 average-y-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 sum-mary are given in the table entitled "Indexes of Business/' beginning on page 23]

PRODUCTION:Manufacturing (64 commodi-

ties — adjusted) *Raw materials, total

MineralsAnimal productsCropsForest products „

Electric power _ _ . . .Building (awards — floor space) -.

STOCKS (45 commodities; seasonaladjustment)

UNFILLED ORDERS (relative to 1920) _-SALES (based on value) :

Mail-order houses (4 houses)Ten-cent chains (5 chains)Wholesale trade _ _ -Department stores (359 stores)..

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

CHECK PAYMENTS (141 cities — sea-sonal adjustment)

FACTORY EMPLOYMENT (1919 base)TRANSPORTATION :

Net freight ton-mile operationCar loadings (monthly total)Net available car surplus (end

of month)

YEARLY AVERAGE

1923

119114136117102121144106

11974

9916583

124

65757894

10393

115119

25

1924

113119126117118119152108

13552

10518582

125

64737895

11084

108116

139

1925

125116132113111126169138

14556

11820984

131

70778498

12784

115122

146

1935

Septem-ber

122151133105191131169155

14852

11419194

122

69788598

12784

125123

85

October

132158140115196136183148

13153

170237101165

68778799

13285

133159

66

Novem-ber

128146129119174120178146

13258

14422086

145

697790

100

12786

123117

83

1926

Septem-ber

135148156111172120190139

17249

120211

97130

64738597

13285

134131

69

October

134179165117232121202135

17446

150257

94158

62738697

13186

146172

48

Novem-ber

121164155126199112

131

19745

15324786

156

62728798

12484

123

87

PER CENT INCREASE (+)OR DECREASE (-)

November,1926, fromOctober,

1926

-9.7-8.4-6. 1+ 7.7

-14.2-7.4

-3.0

+ 13.2-2.2

i +2.0-3.9— 8. 5-1.3

-0.0-1.4+ 1.2+ 1.0

-5.3-2.3

-28.5

+ 81.3

November,1926, from

November,1925

-5.5+ 12.3+ 20.2+ 5.9

+ 14.4-6.7

-10.3

+ 49.2-22.4

+ 6.3+ 12.3

0.0+ 7.6

-10. 1-6.5

3. 3-2.0

-2.4-2.3

+ 5.1

+ 4.8

i See p. 28, January, 1925, issue (No. 1), for details of adjustment.

COURSE OF BUSINESS IN NOVEMBERGENERAL CONDITIONS

Industrial activity in November, after adjustmentfor differences in working time, was lower than ineither the preceding month or November, 1925. Theproduction of raw materials, on the other hand,though showing a seasonal decline from October, wassubstantially greater than a year ago, all types ofcommodities showing larger output except forest prod-ucts. New contracts - awarded for building con-struction, measured in floor space, were smaller thanin either the preceding month or November of theprevious year. Unfilled orders for manufacturedcommodities, principally iron and steel and buildingmaterials, showed similar declines from both priorperiods. Stocks of commodities, after allowance forseasonal changes, were higher than at the end of eitherthe preceding month or November, 1925, the increaseover last year being largely due to larger holdings ofraw foodstuffs.

Prices paid to producers of farm products, thoughshowing no change from October, were generally lowerthan a year ago. Wholesale prices averaged lowerthan in either the previous month or November oflast year, while the cost-of-living, though showing a

25368—27 2

slight increase over the preceding month, was over 2per cent lower than a year ago.

Factory employment registered declines from boththe preceding month and a year ago with pay-rollpayments showing similar comparisons with bothprior periods. Check payments, indicative of thegeneral volume of trade, after adjustment for seasonalconditions, were lower than in either the precedingmonth or November, 1925. Retail trade was generallyhigher than last year, all types of retail establishmentsshowing increases over November, 1925. More goodsmoved into consumption, as seen from figures on car-loadings, than in November, 1925, while the netavailable freight car surplus at the end of Novemberwas greater than a year earlier. Stock prices, bothindustrial and railroad, averaged higher than in Octo-ber and, in the case of railroad stocks, were higheralso than a year ago.

Interest rates on commercial paper, though higherthan a year ago, were lower than in October. Callmoney rates averaged lower than in either the pre-ceding month or a year ago. Business failures inpoint of defaulted liabilities were smaller in Novem-ber than in either the preceding month or November,1925.

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SUMMARY OF INDEXES OF BUSINESS

PRODUCTION

Production of raw materials in November was 12per cent greater than a year ago, the output of forestproducts alone showing a decline from November,1925. While minerals were generally produced inlarger quantities than a year ago, iron ore showed adecline. In the case of animal and crop marketingsall products of the farm showed increases except hogsand grains»i Manufacturing production in November, after al-lowance for differences in working time, was 10 percent and 6 per cent smaller, respectively, than in eitherthe previous month or November, 1925. As comparedwith October, all industrial groups showed smalleroutput except textiles, which showed no change. As

compared with last year, however, several groupsshowed increased activity, but this was insufficient tooffset declines in iron and steel, nonferrous metals,lumber and miscellaneous commodities, includingautomobiles and rubber.

COMMODITY STOCKS

Stocks of commodities, after allowance for seasonalvariations, were held in larger quantities at the endof November than at the end of either the previousmonth or November, 1925, all groups showing largerholdings than in either comparative period exceptmanufactured foodstuffs and other manufactured com-modities, which had smaller stocks than on October31, 1926.

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 those of iron, steel, and building materials. November, 1926, is latest month plotted]

SALES

The index of unfilled orders of manufactured com-modities, principally iron and steel and building mate-rials, declined from both the previous month andNovember, 1925, the decline from a year ago in ironand steel amounting to 19 per cent and in buildingmaterials to 27 per cent. As compared with October,forward business for iron and steel showed no change,but building materials declined.

The dollar volume of wholesale trade showed nochange from a year ago, but wholesale prices in Novem-ber were substantially lower than last year. Whole-sale sales in the hardware, shoe, drug and meat lines,however, showed larger volumes than in November oflast year, but declines in dollar volumes in groceriesand dry goods were sufficient to offset these increases.

Retail trade was generally higher than in November,1925, despite a weaker price situation, increases insales volume ranging from 5 per cent in the case ofmail-order business and music chain systems to 28 percent in grocery chains. Ten-cent store systemsshowed a 12 per cent greater volume, while departmentstores registered a sales increase amounting" to almost8 per cent.

PRICES

Prices received by producers of farm productsshowed no change from the preceding month butaveraged 10 per cent lower than a year ago. As com-pared with October, November prices for grains, meatanimals, and cotton declined, but declines in thisgroup were offset by increased prices for fruits andvegetables and dairy and poultry products. As com-

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11pared with last year, however, increased prices formeat animals and sundry unclassified commoditieswere insufficient to offset declines in grains, fruits andvegetables, dairy and poultry products, and cotton.

Wholesale prices were 1 per cent and 6 per centlower, respectively, than in either the previous monthor a year ago, .all groups showing declines from Octoberexcept fuels and building materials, which increased,and metals and metal products, chemicals, and house-furnishing goods, which showed no change. As com-

pared with last year, all groups were lower in price,except fuels, which increased 9 per cent. Commercialindexes showed relatively the same condition.

The cost of living increased over the precedingmonth but was more than 2 per cent lower than ayear ago, all groups showing higher costs than inOctober except sundries, which declined, and shelter,clothing, and light, which showed no change. Ascompared with a year ago, all living costs were lower,except fuel.

COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS

WITH INDEX OF ALL COMMODITIES AT WHOLESALE

[U. S. Department of Labor index numbers. Relative prices, 1913=100, November, 1926, is latest month plottedl

901919 1920 1921 1922 1923

EMPLOYMENTFactory employment declined in November, both

as compared with the preceding month and November,1925. Declines from each of these periods, however,were not general in all industrial groups, increasesover the preceding month being shown in paper andprinting and miscellaneous industries, including rub-ber, while increases over a year ago were registered iniron and steel, paper and printing, chemicals, stoneclay and glass, and other miscellaneous industries.

Factory pay-roll payments also declined from bothcomparative periods, but increases were registeredover the previous month in paper and printing. Ascompared with a year ago, greater pay-roll paymentswere made shown in iron and steel, leather, paper andprinting, chemicals and other miscellaneous industries.

1924 1925 1926FACTORY LABOR TURNOVER *

MONTH

JanuaryFebruaryMarch .April...

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

September..OctoberNovember..............December

VOLUNTARY QUITS

1919 1920 1921 1922 1923 1924 1925

Per cent of number on pay roll

4.03.24.34.5

4.97.85.87.5

7.97.26.95.6

8.28.2

11.911.7

8.99.7

10.410.7

9.46.13.22.5

1.81.62.52.7

2.52.82.52.4

2.72.11.71.4

1.61.82.23.0

4.75.35.26.0

6.85.95.03.5

4.15.57.29.5

8.58.47.86.6

7.14.63.12.2

2.62.23.84.7

3.62.52.22.2

2.52.31.61.8

2.22.03.04.0

3.43.43.23.4

4.13.62.52.1

i Compiled by the Metropolitan Life Insurance Co. from reports of 135 companiesemploying about 600,000 wage earners (replacing previous data for 60 companies),

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REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE

TEXTILES

Receipts of wool at Boston, although 11 per centgreater than in October, were 8 per cent smaller thanin November, 1925, with the total for the first 11 monthof the current year showing an increase of 16 per centover the corresponding period of the previous year.Wool imports were greater than in either the previousmonth or the same month of 1925. Consumption ofwool by textile mills decreased from October but waslarger than a year ago. Prices of raw wool showedno change from the previous month, but were gener-ally lower than a year ago while prices of woolen andworsted goods showed a similar condition.

Receipts of cotton into sight were larger than ineither the previous month or the same month lastyear. Imports of raw cotton showed similar gains,while exports of raw cotton were 9 per cent and 23per cent greater, respectively, than in either the pre-ceding month or the same month last year. Con-sumption of cotton by textile mills showed increasesof 3 per cent and 7 per cent, respectively, over thepreceding month and November, 1925. Total stocksof cotton held at domestic mills and warehouses atthe end of November were 20 per cent greater thana year earlier, while the world visible supply of cottonwas 21 per cent larger.

Fewer cotton spindles were active in Novemberthan a year ago, with practically no change from thepreceding month, but the total spindle-hour activityin November was 1 per cent and 8 per cent greaterrespectively, than during the previous month andNovember, 1925. Prices of raw cotton paid to pro-ducers averaged 6 per cent lower than in October,while New York spot prices declined 3 per cent, withthe general average 39 per cent below last year.

SPINDLE ACTIVITY IN COTTON MILLS[November, 1926, is latest month plotted]

8.000

7.000

6,000

~i 5000OIuj 4.000

0zw 3,000

fe

0 2.000

IjOOO

x^H

COTTOI>

^

*-/*^A/*v¥

GROWING STATES

-j\rs^vrV

^TTvjWv

v^V^V

\A/

L A/

A /VL A7

V r

VV

L^^k fc

NX

.^x/"

ALL OTHER STAT

\s-

A /*•v/yA Av/PA .V

Production of cotton textiles was smaller than ineither the previous month or the same month of 1925,with all classes of goods showing declines from bothperiods, except pajama checks, osnaburgs, heavy-warpsateens, and colored goods, each of which showedlarger production than in November, 1925. Stocksof cotton textiles were generally lower than a year ago,

except in the case of sheetings, print cloths, pajamachecks and drills, twills, sheetings, and sateens,wider than 40 inches. Unfilled orders for cottontextiles at the end of November were generally lowerthan for the preceding month and the same month of1925. Production of fine cotton goods in the NewBedford district was greater than either October or thecorresponding month of 1925. Exports of cottoncloth were also greater than in either comparative

-period. Prices of cotton yarns and cotton goods weregenerally lower than in either the preceding month orNovember, 1925.

Imports of silk were smaller than in October butlarger than a year ago. Deliveries of silk to con-suming establishments were slightly smaller than inOctober but 14 per cent greater than last year. Stocksof silk held at warehouses at the end of Novemberwere larger than at the end of either the previous monthor November, 1925. Silk stocks held by manufac-turers, although larger than at the end of October,were 25 per cent smaller than a year earlier. Pricesof raw silk averaged lower than in either the previousmonth or November of last year.

METALS

Shipments of iron ore from the mines were smallerthan in either the previous month or November a yearago, but th'e total movement for the first 11 monthsof 1926 was 8 per cent larger than for the correspond-ing period of the previous year. Consumption ofiron ore, although smaller than in October, was 4 percent greater than a year ago, with the total for thecalendar year to date showing an increase of 8 percent over 1925. Stocks of iron ore were larger thanlast year, the increase being due to larger stocks atfurnaces.

Pig iron production, although 3 per cent smallerthan in October, was 7 per cent greater than lastyear, with the total for the first 11 months showingan increase of almost 9 per cent over the same periodof 1925. Fewer pig iron furnaces were in blast at theend of November than at the end of the previousmonth or November, 1925. Wholesale prices of pigiron averaged higher than in October but were stillbelow the prices prevailing a year earlier.

Production of steel ingots declined from both thepreceding month and November, 1925, but the totaloutput for the 11 months to date was 9 per centgreater than during the same period of 1925. Un-filled orders for steel increased over the precedingmonth, but were 17 per cent below a year ago. Theproduction of steel sheets by independent steel manu-facturers was smaller than in either the precedingmonth or November, 1925, but for the calendar yearto date a slight increase was registered over the sameperiod of 1925. Total stocks of sheets held at theend of November were larger than at the end of eitherDigitized for FRASER

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the preceding month or November, 1925. Shipmentsof sheets were also smaller than in either the previousmonth or the same month of last year, but for thefirst 11 months an increase of almost 10 per cent overthe same period of 1925 was registered.

Production of steel castings was greater than inOctober, although bookings showed a decline fromboth the previous month and November, 1925. Newbookings for castings during the first 11 months ofthe year were 11 per cent greater than during thesame period of 1925.

The production of steel barrels was greater than ineither the previous month or November, 1925, withthe total for the first 11 months showing an advanceof 8 per cent over the corresponding period of theprevious year. Shipments of steel barrels showedsimilar comparisons. Unfilled orders for barrels werelarger at the end of November than at the end ofeither the previous month or November, 1925.

Bookings for fabricated structural steel were smallerin November than in either the previous month orNovember, 1925, but for the first 11 months of theyear an increase of 7 per cent was registered over thecorresponding period of 1925. Shipments of struc-tural steel were likewise smaller than in either theprevious month or November a year earlier, with anincrease in the 11 months' total amounting to 5 percent.

Exports of iron and steel were 28 per cent largerthan in either the previous month or November a yearago with the total for the calendar year to date show-ing an increase of 22 per cent over the same periodof the preceding year. Wholesale prices of steel billetsshowed no change from the previous month but aver-aged higher than a year ago.

DOMESTIC WATER SOFTENERS: 1926 l

Year and month

JanuaryFebruaryMarchAprilMayJuneJuly _AugustSeptemberOctober -November

Total (11 months)

Orders received

Num-ber ofunits

759637941716677798704663662669574

7,800

Net saleprice

$121, 27193, 724

134, 919107, 543100, 378101, 145103, 24893,47785, 77198, 43777,855

1, 117, 768

Shipments

Num-ber ofunits

723637911715674693785652632634583

7,639

Net saleprice

$117, 75394, 709

131,711110, 67699, 31992,087

111,58392, 23082, 65295, 43378, 606

1, 106, 759

Stocks,end ofmonth(units)

415643733915824783711681599804620

1 Compiled by the V. S. Department of Commerce, Bureau oj the Census, fromreports of 11 manufacturers.

Production of copper by domestic mines was greaterthan in either the previous month or November oflast year, with the total for the first 11 months show-ing an increase of 4 per cent over the same period ofthe preceding year. Smelter production of coppershowed similar comparisons. The output of refined

copper in North and South America was larger thanin either October or the corresponding month of 1925,with the 11 month's total showing an increase of 7per cent over the same period of 1925. Althoughdomestic shipments of refined copper were lower thanlast year, the total for the first 11 months showed anincrease of 11 per cent over the corresponding periodof 1925. Exports of copper in November were largerthan in either October or the same month of the pre-vious year, but for the calendar year to date a declineof 14 per cent was registered from the same period of1925. Stocks of refined copper and blister copperwere larger than a year ago. Wholesale prices of cop-per averaged lower than in either the previous monthor the same month.* of 1925.

COPPER PRODUCTION AND EXPORTS

[November, 1926, is latest month plotted]

Imports of tin were larger than in either the pre-vious month or the same month of last year. Deliv-eries of tin to consuming establishments showed anincrease over both comparative periods, with the totalfor the first 11 months increasing 2 per cent overthe same period of the previous year. World stocksof tin were smaller than last year, though holdings inthe United States showed an increase. Wholesaleprices for pig tin averaged higher than in either theprevious month or the same month of the precedingyear.

RELATIVE PRODUCTION AND STOCKS OF ZINC[1913 monthly av6rage=00. November, 1926, is latest month plotted]

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More zinc retorts were in operation at the end ofNovember than at the end of the previous month,with a decline registered however, from November,1925. Production of zinc in November was greaterthan in either the previous month or the same monthof last year. Stocks of zinc declined from the previousmonth but were more than twice as large as a yearago. Zinc prices averaged lower than in either theprevious month or the same month of last year.

AUTOMOBILES, TRUCKS, AND TRACTORS

The production of passenger automobiles declinedfrom both the previous month and November, 1925,but the total for the first 11 months was 7 per centahead of the corresponding period of the previousyear. Canadian production of passenger cars alsodeclined from the previous month and a year ago, butthe 11-month's total showed an increase of 20 percent over the same period of 1925. The domesticproduction of automobile trucks was also smaller thanin either the previous month or November of lastyear, but the total for the calendar year to date was4 per cent ahead of the same period of the previousyear. The production of trucks in Canada, althoughsmaller than in October, was greater than last year,with th§ total for the calendar year to date almostdouble the production of the same period of 1925.

Shipments of electric industrial trucks and tractorsshowed a decline from the previous month and a yearago.

FUELS

Production of bituminous coal was greater than ineither October, 1926, or November, 1925, with ex-ports showing similar comparisons. Prices of bitu-

BEEHIVB AND BY-PRODUCT COKE PRODUCTION[November, 1926, is latest month plotted]

minous, both at wholesale and retail, averaged higherthan in either the previous month or the same monthof last year. The production of anthracite coal wassmaller than in October, with exports making a simi-lar comparison. Prices for anthracite at wholesaleaveraged higher than a year ago, but at retail in the

New York market were considerably lower than lastyear, with no change from the preceding month.Production of coke, both beehive and by-product, wassmaller than in the preceding month, and, in the caseof beehive, smaller also than a year ago. Exports ofcoke declined from both the preceding month andNovember, 1925, while the prices of coke averagedhigher than in October but lower than last year,

HIDES AND LEATHER

Imports of hides and skins were lower than in eitherOctober, 1926, or November, 1925, the decline from ayear ago being registered in spite of substantial in-creases in imports of calfskins and sheepskins. Ascompared with 1925, imports of hides and skins dur-ing the first 11 months of the current year were greaterall classes of skins showing increases except cattle hidesand sheepskins. Prices of hides and skins averagedlower than in either the preceding month or November,1925. Exports of sole and upper leather were eachsmaller than in October and in the case of sole leathersmaller than a year ago. Prices for leather, thoughshowing no change from the preceding month, weregenerally lower than in the preceding year.

Production of boots and shoes, although smallerthan in October, were larger than a year ago. Exportsof boots and shoes, however, were larger than inOctober, but smaller than in November of last year.Wholesale prices of shoes, while showing no changefrom the previous month, were generally lower than ayear ago.

PAPER AND PRINTING

Imports of chemical wood pulp were greater than ineither the preceding month or November, 1925, withthe total for the first 11 months showing an increasealso over the same period of 1925. Imports of me-chanical wood pulp were smaller than in either com-parative period, with a similar comparison for the 11months' total.

Domestic production of newsprint paper was smallerthan in October but 8 per cent greater than last year.Canadian production of newsprint was also smallerthan in October but registered an increase of 25 percent over a year ago. For the first 11 months of thisyear domestic output showed a gain of 11 per cent andCanadian output an increase of 24 per cent over thesame period of 1925. Shipments of newsprint indomestic mills as well as Canadian mills showed prac-tically the same comparisons for all three positions.Imports of newsprint were 2 per cent smaller than inOctober and 36 per cent greater than a year ago, withthe total for the 11 months to date showing an advanceof 27 per cent. Stocks of newsprint held at bothdomestic and Canadian mills were substantially lowerthan a year ago. The price of newsprint, thoughshowing no change from the previous month, was 5 percent lower than the previous year.

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

BUILDING CONSTRUCTION AND HOUSING

Index numbers showing building costs registered nochange from the preceding month, but as comparedwith last year, costs for industrial building were gener-ally higher while residential construction costs werelower. Real estate conveyances in 41 cities showed adecline from both the previous month and the samemonth of last year but for the year to date an increasewas registered as compared with the same periodof 1925.

New building contracts awarded showed a declinefrom both the preceding month and the same month oflast year, as measured in floor space, but when meas-ured in value, November awards were smaller than inOctober only. For the 11 months ending November,a decline of 5 per cent in the floor space of new con-tracts awarded may be contrasted with an increase of5 per cent in value, when compared with the year 1925.

LUMBER PRODUCTS

Production and shipments of southern pine lumberwere each smaller than in October and in the case orshipments smaller also than last year, both itemsshowing declines from 1925 in their respective 11-month totals. Stocks at the end of November were8 per cent smaller than a year ago, while wholesaleprices for southern pine flooring averaged lower thanin either the pervious month or November, 1925.

Douglas fir lumber production and shipments wereeach smaller than in either the preceding month orNovember of last year, with a similar comparison fortheir respective 11 months7 total. Exports of Doug-las fir, both lumber and timber, were larger than ineither the preceding month or November, 1925, andwholesale prices averaged lower than in either com-parative period.

Production and shipments of California redwoodwere each larger than in either the preceding month orthe same month of last year, while these items forCalifornia white pine showed declines from each com-parative period. Production and shipments of west-

ern pine lumber and northern pine lumber were eachsmaller than in October, while shipments of westernpine and production of northern pine were larger thana year ago. The production of 10 principal speciesof lumber was 6 per cent and 8 per cent smaller,respectively, than in either the preceding month orthe same month of last year, with the total for the first11 months showing a decline of 6 per cent from thecorresponding period of 1925. Exports of lumber, onthe other hand, were larger in each of these three com-parisons.

Production of maple flooring was larger than ineither the previous month or the same month of lastyear, while oak flooring production showed a declinefrom each of these periods. Shipments of mapleflooring, although smaller than in the previous month,were larger than last year, but oak flooring shipmentsshowed declines from both periods.

For the calendar year thus far, maple flooring ship-ments were 15 per cent greater than during the sameperiod of 1925, while oak flooring .shipments showedpractically no change. Stocks of both maple and oakflooring were both greater at the end of Novemberthan on November 30, 1925. Unfilled orders for bothmaple and oak flooring showed declines from boththe preceding month and last year.

A survey by the National Association of WoodTurners indicates that the requirements of the woodturning and wood shaping industries for 1927, basedon returns from about 65 per cent of the industry,will total 120,000,000 feet of lumber, of which 30,000,-000 feet will be hickory, the balance mixed hardwoods,about equally divided between northern and southernspecies.

STONE, CLAY, AND GLASS PRODUCTS

Production of face brick averaged lower than inOctober, but greater than a year ago, while for thefirst 11 months a slight decline was registered as com-pared with the same period of 1925. Although ship-ments of face brick were smaller than in October theywere 8 per cent greater than last year, with the totalshowing an increase of 2 per cent for the 11-monthperiod. Average stocks held at the end of Novemberwere greater than a year ago. Production and ship-ments of paving brick were smaller than in Octoberand, in the case of production, smaller also than lastyear. Contrasted with a decline of 18 per cent inthe 11-month total in the production of paving brickis an increase of 3 per cent in shipments as comparedwith the same period of 1925. Stocks of pavingbrick held at the end of November were 38 per centsmaller than a year ago.

In the table following are given figures covering theproduction and stocks of various clay products andcertain nonclay products, as obtained by the Bureauof the Census in connection with its annual census ofthe clay products industry.

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CLAY PRODUCTS AND NONCLAY REFRACTORIES

PRODUCTS

C ommon brick _ mills . of brickFace brick. doVitrified paving brick or block mills..Architectural terra cotta.— thous. of tons,.Hollow building tile. doRoofing tile _ _ thous. of squaresFloor tile thous. of sq. ft..Ceramic mosaic tile doFaience tile . doWall tile, thin, white glazed do__.Drain tile _.thous. of tons..

Fire brick, .mills, of brick, 9 in. equivalent. .

PRODUCTION

1923

7,2821,931

539138

3,326231

13, 32020, 9761,865

26, 301616

1,7781,106

1924

7,1592,030

448141

2,912305

13, 15320, 8792,565

30, 658593

1,952941

1925

7,5662,475

448152

3,822290

19, 24420, 3314,916

30, 366661

2,139994

STOCKS ATFACTORIES

Dec.31,

1924

1,50856713521

73638

4,0353,964

7042,274

155632225

Dec.31,1925

1,38960714920

80545

4,3612,934

8632,310

197670222

Shipments of vitreous china plumbing fixtures weresmaller than in October but greater than a year ago,while new orders received, unfilled orders, and stocksat the end of the month were each larger in Novemberthan in either the preceding month or the same monthof 1925. New bookings for architectural terra cottawere smaller in November than in either the precedingmonth or the same month of last year.

Production and shipments of Portland cement wereeach smaller than in October but larger than last year,each increasing over 1925 in the 11 months7 totals.

CEMENT PRODUCTION AND STOCKS[November, 1926, is latest month plotted]

New concrete paving contracts awarded were smallerthan in October but greater than in November of lastyear, with the total yardage showing an increase ofalmost 2 per cent in the 11 months7 comparison.Federal-aid highways completed, measured both inmileage and value, showed a decline from last year, aswas the case of new Federal-aid highways underconstruction.

Plate-glass production was smaller in Novemberthan in either the previous month or November, 1925,but for the calendar year to date was 13 per cent larger.The production of glass containers, although smallerthan in October, was 7 per cent greater than a yearago, shipments, stocks, and unfilled orders at the endof November being also larger than last year.

CHEMICALS AND OILS

Imports of nitrate of soda and potash were eachlarger than in October and in the case of potash

larger also than last year. For the 11 months endingNovember, nitrate of soda imports were 22 per centsmaller than in 1925, while imports of potash showedan increase of 17 per cent. Exports of sulphuric acidwere larger than in either the preceding month orNovember, 1925, with the total for the first 11 monthsalso showing a substantial gain over the precedingyear. Exports of dyes and dyestuffs were greaterthan in October and in the case of coal-tar dyes,greater also than last year. Consumption of ferti-lizer in Southern States was substantially ahead oflast year, while fertilizer exports showed a similarcomparison.

Receipts of turpentine and rosin at southern portswere smaller than in October but greater than lastyear, while stocks of turpentine held at the ports atthe end of November were larger than a year agoand of rosin smaller than last year. Prices of tur-pentine and rosin averaged lower than in either thepreceding month or the same month of 1925.

Production of dry roofing felt was smaller than inOctober but greater than last year with the total out-put for the first 11 months showing an increase of 14per cent. Stocks of roofing felt at the end of Novem-ber were 7 per cent smaller than a year ago.

Exports of vegetable oils, although larger than inOctober, were smaller than last year, while the totaloutward movement during the first 11 months of thecurrent year was 38 per cent smaller than during thecorresponding period of 1925. Imports of vegetableoils, on the other hand, were greater in Novemberthan in either the preceding month or November oflast year, with a similar comparison for the 11 months'total.

WHOLESALE PRICES OF CHEMICALS, BY GROUPS

[November, 1926, is latest month plotted]

Stocks of cottonseed at the end of November were2 per cent larger than a year ago. Production ofcottonseed oil in November was greater than in eitherthe preceding month or November of last year, whilecottonseed oil stocks at the end of the month were17 per cent larger than last year. The wholesaleprice of cottonseed oil averaged lower than in either

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+he previous month or November, 1925. Receipts offlaxseed at northwestern markets were smaller than ayear ago, while stocks were considerably greater.

CEREALS

The visible supply of wheat in the United Stateswas 58 per cent greater at the end of November thana year ago, while the Canadian supply showed anincrease of 16 per cent over the same period. Receiptsof wheat at the principal primary markets declined13 per cent from last year, while shipments were 5per cent greater. Exports of wheat were smaller thanin October but larger than a year ago. Prices ofwheat averaged lower than in either the previousmonth or November, 1925. Wholesale prices for flourshowed similar comparisons.

The visible supply of corn continued to increaseand at the end of November was more than ten timesas large as a year ago. Receipts of corn at the prin-cipal primary markets, although smaller than inOctober, were 24 per cent greater than last year, whileshipments were larger than in either the precedingmonth or November a year ago. Grindings of cornfor the manufacture of starch and glucose were smallerthan in either the previous month or the same monthof 1925, but for the first 11 months of this year, corngrindings were 11 per cent ahead of 1925. Exports ofcorn, including meal, were larger than in either theprevious month or November of last year, with thetotal to date more than twice as l great as duringthe same period of 1925. Prices of corn continued toaverage lower, both as compared with the precedingmonth and November of last year.

The visible supply of oats at the end of Novemberwas 27 per cent smaller than a year ago, while receiptsat the primary markets were smaller than in eitherprevious month or November, 1925. Exports of oats,although larger than in October, were 61 per centsmaller than in November, 1925, with the total for thecalendar year to date showing a decline of almost 50per cent from the same period of 1925.

The visible supply of barley at the end of Novemberwas 27 per cent smaller than last year. Exports ofbarley, although larger than in October, were onlyabout one-half as large as a year ago, with a similarcomparison for the 11 months' total. Barley pricesaveraged the same as in October, but were still belowa year ago.

Receipts of southern paddy rice at the mills,although smaller than in October, were 11 per centgreater than last year. Shipments of rice, both fromthe mills and from New Orleans, were greater thanin either the previous month or November a yearago. Rice stocks at the end of the month were twiceas large as a year ago, while exports during Novemberwere more than twice as large as in October and almostsix times as great as in November, 1925.

25368—27 3

Cold-storage holdings of apples were 12 per centgreater than a year ago, while carlot shipmentsshowed an increase of 14 per cent over last year.Shipments of potatoes were smaller than in the pre-ceding month but larger than in the same month oflast year, while for the calendar year to date they were5 per cent smaller than in 1925. Shipments of onions,on the other hand, were smaller than either the pre-vious month or November of last year, with the calen-dar year total showing an advance of 7 per cent overthe previous year. November shipments of citrusfruits were larger in each of these comparisons.

MEATS AND DAIRY PRODUCTS

Receipts and shipments of cattle and calves atprimary markets, although smaller than in October,were greater than last year. Both movementsshowed a slight increase in their respective 11 months'totals over the corresponding period of 1925. Localslaughter of cattle and calves, although smaller thanin October, was 8 per cent larger than a year ago,with the total slaughter for the year to date showingpractically no change from the same period of lastyear. Cold-storage holdings of beef and beef productsat the end of November were 17 per cent larger thana year ago. Prices of cattle and beef were generallylower than in either the previous month or the samemonth of 1925.

INSPECTED SLAUGHTER OF CATTLE, CALVES, SHEEP, AND HOGS[November, 1926, is latest month plotted]

I 1920

Receipts of hogs at the principal markets, althoughlarger than in October, were 8 per cent smaller thanlast year. Shipments of hogs, on the other hand,showed declines from both comparative periods, withboth receipts and shipments showing decreases intheir respective 11 months' totals from the correspond-ing period of 1925. Although local slaughter of hogsat primary markets was 15 per cent greater than inOctober, the number of hogs slaughtered in November

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was 3 per cent smaller than a year ago, with a declinein the 11 months' total amounting to 11 per cent,Cold-storage holdings of pork and pork products,although smaller than at the end of October, weresmaller than at the end of November of last year.Exports of pork were smaller than in either compara-tive period. Production of lard was greater in Novem-ber than in either the preceding month or Novembera year ago, while the cold-storage holding of lard,although smaller than at the end of October, werelarger at the end of November than a year ago. Lardexports were smaller than in October but 9 per centgreater than in November, 1925. Prices of hogs andpork were generally lower than in October but higherthan in November of last year. Lard prices, on theother hand, were lower than in either comparativeperiod.

Receipts of sheep and lambs at the principal markets•were smaller than in October but 12 per cent greaterthan last year, making the total for the 11 months 8per cent larger than in the corresponding period of1925. Shipments of sheep and lamb made similarcomparisons. Cold-storage holdings of lamb andmutton at the end of November were more thantwice as large as a year ago. Wholesale prices ofsheep and lamb averaged lower than in either theprevious month or November, 1925.

Receipts of poultry at the principal markets were 12per cent greater than a year ago, with the total for thefirst 11 months showing an increase of 13 per cent forthe same period of 1925. Storage holdings of poultryat the end of November were 23 per cent greater thana year ago.

Receipts of butter at the five principal markets weresmaller than in either the previous month or the samemonth of 1925, while the total for the first 11 monthsof the current year was practically the same as in 1925.Storage holdings of creamery butter at the end of No-vember were 14 per cent smaller than last year. Thewholesale price of butter continued to average higherbut was 4 per cent lower than in November, 1925.

Receipts of cheese showed a decline from both theprevious month and the same month of the procedingyear, with the total for the calendar year to dateregistering a decline of 8 per cent from the same periodof 1925. Storage holdings of cheese at the end ofNovember were 4 per cent smaller than last year.Exports of cheese were larger than in October butsmaller than a year ago. Wholesale prices for Ameri-can cheese averaged lower than in either the previousmonth or November, 1925.

Receipts of eggs at the principal primary markets,although smaller than in October, were considerablylarger than in last year, but egg receipts for the cal-endar year to date showed no change from the pre-vious vear.

Sales of powdered milk, although smaller than inOctober, were greater than In November of last year,with the totals for the first 11 months showing anincrease of 19 per cent over the preceding year.Exports of powdered milk, although larger than inOctober, were considerably smaller than a year ago.Exports of evaporated milk were 31 per cent largerthan in either October, 1926, or November, 1925.

SUGAR AND COFFEE

Imports of sugar were larger than in either the pre-ceding month or November a year ago. Meltings ofsugar at eight principal ports, although smaller thanin October, were 32 per cent larger than in November,1925. For the calendar year to date, sugar meltingswere 3 per cent ahead of last year. Stocks of rawsugar held at refineries at the end of November werethree times as large as a year ago. Receipts of domes-tic cane sugar at New Orleans were 30 per centsmaller than a year ago, but for the first 11 monthsan increase of 60 per cent was registered over thesame period of the preceding year. Exports of refinedsugar were smaller than in either the preceding monthor the same month of 1925. Prices for sugar, bothraw and refined, averaged higher than in either thepreceding month or November of last year.

RAW CANE SUGAE: TOTAL IMPORTS, MELTINGS, AMD REFINERYSTOCKS

[November, 1926, is latest month plotted]

Imports of coffee, although smaller than in October,were greater than in November, 1925. The worldvisible supply of coffee was 9 per cent smaller thanlast year, although the supply in the United Statesshowed an increase of 13 per cent. Receipts ofcoffee in Brazil were greater than a year ago, whileclearances from Brazil for world distribution weresmaller than in October but the same as last yearand for the United States, smaller than in eithercomparative period. Imports of tea showed a declinefrom both the previous month and November oflast year.

TOBACCO

Tax-paid withdrawals of cigars from warehouses,although smaller than in October, were 10 per centgreater than a year ago, with cigarettes and manu-

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factured tobacco showing similar comparisons. Ex-ports of unmanufactured leaf tobacco were smallerthan in either comparative period, while cigaretteexports, although smaller than in October, showed a22 per cent gain over November, 1925. Sales oftobacco at loose-leaf warehouses were greater thanin either the previous month or the same month of1925, the wholesale price of tobacco averaging 16 percent lower than a year ago.

TRANSPORTATION

River traffic on the Sault Ste. Marie Canals was3 per cent smaller than last year, although for theseason to date an advance of 8 per cent was registered.Traffic on the St. Lawrence Canal was also smallerthan last year, with the total for the year to dateshowing a decline of 1 per cent from 1925. Rivertraffic on the Ohio between Pittsburgh and Wheelingwas 46 per cent larger than a year ago with the 11months' total showing a gain of 40 per cent over thesame period of 1925. Although traffic on the Alle-gheny River was smaller than last year, the tonnagemoved on the Monongahela River showed an increase,with similar comparisons in the case of their respec-tive 11 months' totals.

Clearances of vessels engaged in foreign trade showedlarger tonnage in November than a year ago, with thegreatest relative increase occurring in the tonnage offoreign bottoms. New tonnages completed duringNovember were greater than in either the precedingmonth or November of last year, but for the calendaryear to date a decline of 3 per cent was registered inthe gross tonnage of new ships from the same periodof 1925.

Carloadings showed an increase of 4 per cent overa year ago, with a similar increase in the total for thefirst 11 months. The increase over 1925 was notgeneral, however, declines being registered in the caseof loadings of grain and grain products, livestock,forest products, ore, and miscellaneous merchandise.The freight car surplus was 6 per cent greater than ayear ago.

SURPLUS, SHORTAGE, AND BAD-ORDER FREIGHT CARS[November, 1926, is latest month plotted]

Shipments of railroad locomotives by the threeprincipal manufacturers were 21 per cent larger thanfor last year, making the total for the 11 months 41per cent greater than in the same period of 1925.Unfilled orders for railroad locomotives, although 33per cent larger than at the end of October, were 12per cent smaller than on November 30, 1925. Morelocomotives were retired by railroads during No-vember than during either the preceding month orthe same month of Jast year, while more were orderedfrom manufacturers than in either comparativeperiod.

DISTRIBUTION MOVEMENT

Sails by mail-order houses were larger in Novemberthan in either the preceding month or November, 1925,while the volume of business of leading 10-cent chainstore systems, although smaller than in October, waslarger than in November of the previous year. Ingeneral, chain-store business in the principal lines washigher than last year. Department store trade wasalso greater than in November, 1925. Magazine ad-vertising in November was greater than in either theprevious month or in the same month of the precedingyear. Newspaper advertising, on the other hand,showed declines from each comparative period.Postal receipts in 100 of the largest cities were greaterthan last year, with the 11-month total showing morethan 6 per cent increase over the corresponding periodof 1925.

SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES

[November, 1926, is latest month plotted]

UOr

0 AA/vw1920

BANKING AND FINANCE

Check payments, indicative of the general volumeof trade, showed a decline from the preceding month,both in New York City and the country outside. Ascompared with last year, however, check payments,although smaller in New York, were larger for therest of the country.

Holdings of discounted bills by Federal reservebanks were larger at the end of November than atthe end of either the previous month or the correspond-ing month of 1925. Total investments, although

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larger than in October, were smaller than a year ago,while deposits, total reserves, and total notes in circu-lation each showed increases over both comparativeperiods. Although the reserve ratio declined 2 percent from the previous month, it stood almost 2 percent higher than at the end of November of the pre-ceding year. Total loans and discounts of Federalreserve member banks increased over the previousmonth and for November were 3 per cent ahead of lastyear. Investments of member batnks declined fromOctober but were higher than a year ago.

BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERALRESERVE BANKS

[November, 1926, is latest month plotted]

New life insurance business was greater in November,both in value and in number of policies and contracts,than in either the previous month or November, 1925.For the first 11 months of this year an increase of7 per cent in the aggregate value of new life insurancebusiness was registered, as compared with the corre-sponding period of 1925, despite a decline of one-halfof 1 per cent in the total number of policies andcertificates issued during the same period. Geo-graphically distributed, sales of ordinary life insur-ance made the best relative gain in the eastern man-ufacturing section, both as compared with the pre-vious month and the same month of 1925. For the11 months ending with November, the western man-ufacturing district reported the largest relative in-crease, the southern district coming next.

LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERALRESERVE MEMBER BANKS

[November, 1926, is latest month plotted]

Prices of stocks, both industrial and railroad, ad-vanced over the preceding month, with railroad stocksshowing an increase over the previous year as weil.Sales of stocks on the New York Stock Exchangewere smaller in volume than in either comparativeperiod.

Bond prices continued to advance, both as comparedwith the previous month and the same month of lastyear. Bond sales on the New York Stock Exchangewere larger in volume than in either comparativeperiod.

Loans to brokers and dealers by New York Fed-eral reserve banks increased 2 per cent over the pre-vious month. Interest rates on New York call loansaveraged lower than in either the previous monthor the same month last year. Rates on commercialpaper were also lower than in October, but reportedan advance over a year ago.

Dividend and interest payments scheduled for De-cember were 3 per cent and 5 per cent greater, re-spectively, than in the previous month and the samemonth of last year. Business failures, although morenumerous in November than in either the precedingmonth or the same month of last year, representedsmaller defaulted liabilities than in either compar-ative period. For the 11 months ending with No-vember, an increase of 2 per cent in the number offailures over the same period of 1925 may be contrastedwith a decline in defaulted liabilities amounting to11 per cent.

NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES-

[November, 1926, is latest month plotted]

The gross debt of the Federal Government was stillfurther reduced and at the end of November was 5 percent below a year ago. Customs receipts in November,although smaller than in October, were 9 per centgreater than last year, while for the 11 months anincrease of 6 per cent was recorded over the same periodof 1925. The per capita distribution of money heldoutside of the United States Treasury and Federalreserve system increased in November over theprevious month, but was lower than last year.

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GOLD AND SILVER

Domestic receipts of gold at the mint, although lowerthan in October, were greater than a year ago, withthe Rand output of gold showing similar comparisons.Imports of gold were larger than in either the previousmonth or in November, 1925, while gold exports,though showing an increase over the previous month,were considerably below last year. An export balanceof gold for the first 11 months of 1925 maybe contrastedwith an import balance for the same period of 1926.The production of silver, although smaller than inOctober, was larger than last year. Both silverimports and exports showed declines from both theprevious month and November, 1925. The price ofsilver at New York continued to decline and forNovember was 22 per cent lower than a year ago.

GOLD TRADE BALANCE: SHOWING EXCESS OF IMPORTS OREXPORTS

[November, 1926, is latest month plotted]

FOREIGN EXCHANGE AND TRADE

With the exception of exchange on France, Italy,Belgium, and Japan, rates on principal currencieseither showed no change from the previous month or

IMPORTS AND EXPORTS OF MERCHANDISE

[November, 1926, is latest month plotted]

were lower, with the principal decline occurring in theBrazilian'milreis. As compared with a year ago, rateson the principal currencies were generally lower inNovember, with the exception of exchange on Italy,Belgium, and Japan, which were higher, and England,Switzerland, and Canada, which showed no change.Imports of merchandise into the United States werelower than in either the previous month or the samemonth of last year, while exports of merchandiseshowed an increase over both comparative periods.

CENSUS OF MANUFACTURES, 1925

The Bureau of the Census announces preliminaryreports from additional manufacturing industries,collected pursuant to the census of manufactures forthe year 1925. The following table summarizes someimportant data made available since the publicationof the previous issue of the SURVEY, earlier figureshaving been presented in each issue beginning withJuly, 1926. Further compilations will appear in thefuture issues as the data relating thereto are completed.Statistics in greater detail for each industry may beobtained from the bureau's preliminary statements onthe respective industries.

ADDITIONAL PRELIMINARY RETURNS, CENSUS OF MANUFAC-TURES, 1925

INDUSTRY

Artificial limbsBaking powders, yeast, and

other leavening compounds.Bookbinding and blank book-

makingCutlery and edge toolsBoot and shoe cut stock, not

made in boot and shoe fac-tories _.

Chemical fire extinguishers..Cordage and twine, jute

goods and linen goodsEmery wheels and other

abrasive and polishing ap-pliances

Envelopes ... . .ExcelsiorGold leafLabels and tagsLard substitutes and cook-

ing fatsLithographing .Mattresses and bed springs ..Music printing and publish-

ingPhoto-engraving, not done in

printing establishmentsSoap _ . _ .Sporting and athletic goods..Surgical appliancesTin plate and terneplateTypewriters and suppliesWall paperWood, turned and carved....

VALUE OF PRODUCTS

1925 1923

Thousands ofdollars

3,021

74, 593

81,60080, 391

84,2208,037

138,760

25,58251, 1894,9013,714

28,045

110,00298, 721

110,484

15,090

58,640270, 27342, 56955,264

190, 91863,08030,06935,407

2,635

76, 95972,477

89,2916,152

125,095

25,30750,7525,3623,562

26,023

58, 78791, 671

107, 562

14, 627

43,660276, 40341,79744,968

165, 58752,49834, 75638,077

Perc ent in-crease1

14.7

6.010.9

-5.730.6

10.9

1.10.9

-8.64.37.8

87.17.72.7

3.2

34.3-2.2

1.822.915.320.2

-13.5-7.0

PERSONS EMPLOYED

Percent in-creaseover1923 l

14.0

0.5-1.6

0.910.5

-3.5

-8.1-2.0

1.225.16.1

16.33.92.0

3.9

15.8-12.2-10.1

9.5

0.0-6.2-8.3

Per cent mini-mum monthis of maxi-mum month

1935

97.4

88.1

94.187.7

82.780.7

88.0

83.892.288.696.795.3

80.195.282.5

93.8

95.494.790.993.3

86.372.988.0

1923

2.1

91.992.6

82.378.0

90.1

84.596.484.857.590.7

68.695.787.2

84.6

98.091.788.694.7

92.973.392.7

i A minus sign (—) denotes decrease.

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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 seriesof 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 thistable is given on page 9.

PRODUCTION

(Relative to 1919 monthly average as 100)

RAW MATERIALS

Grand total -

MINERALS

Total-PetroleumBituminous coal - --_Anthracite coal - _ -Iron ore* .. _ _CopperT ^YLeadZinc - - _-Gold . - _Silver -

ANIMAL PRODUCTS (marketings)Total.

Wool* .Cattle and calvesHogsSheepEggs*Poultry*FishMilk (New York)

CROPS (marketings)Total

Grains*-.Vegetables*Fruits* _Cotton products*Miscellaneous crops*. .

FOREST PRODUCTSTotal

Lumber _Pulpwood.G u m (rosin a n d turpentine)* _ _ _ _ _ _Distilled wood

MANUFACTURING

Grand total (adjusted for working days)Grand total (unadjusted)

FoodstuffsTextilesIron and steelLumber _ _ _ _LeatherPaper and printingChemicals, oils, etc .Stone and clay productsMetals, excepting iron and steelTobaccoMiscellaneous

Maxi-mumsince

Jan. 1,1920

180

165219154122273150191142131145

138253143177153245390185190

246242254405346170

136137164267149

135137129130151166115127206174195137157

Mini-mumsince

Jan. 1,1920

73

621054100

1778385780

801958645430214594

494358501219

6159512024

71687754325763699269717037

1925

Sep-tember

151

133208121

118713415712580

103

10542

10573

1167895

162141

191156199332234110

13113285

21693

12212210997

11815889

106173151183123118

Octo-ber

158

140206137

117814018812413098

11533

13691

14160

139122138

196106234274310114

13613711917894

13213711310813016696

118188158193132148

No-vember

146

129196131

2108133174134104104

11941

1111037636

31487

133

174110121175277138

120120124131104

12812398

10513114477

114181133159116129

1926

Sep-tember

148

156207126115245142167137113103

11148

11775

14579

124141143

17213318032721395

12012081

22291

13513511211013315194

119186165180133147

Octo-ber

179

165219141118238149189141110106

11739

13087

13659

157137145

232135250399346137

12112189

20997

13413410811213915095

125206162178137133

No-vember

164

155207154101100149187138106104

12647

120958549

353115138

199108137202343142

11211099

184102

12112198

11212713781

123196144154128110

PER CENT INCREASE (+)OR DECREASE (— )

November,1926, fromOctober,

1926

-8.4

-6.1-5.5+ 9.2

-14.4-58.0

0.0-1. 1-2. 1-3.6-1.9

+ 7.7+ 20.5-7.7+ 9.2

-37.5-16.9

+ 124.8-16. 1-4.8

-14.2-20.0-45.2— 49. 4-0.9+ 3.6

-7.4-9. 1

+ 11.2-12.0+ 5.2

-9.7-9.7-9.3

0.0-8.6-8.7

-14.7-1.6-4.9

-11. 1-13.5-6.6

-17.3

November,1926, from

November.1025

+ 12.3

+ 20.2+ 5.6

+ 17.6

-7. 4+ 12.0+ 7.5+ 3.0+ 1.9

0.0i

+ 5.9+ 14.6+ 8.1-7. 7

+ 11.8+ 36.1+ 12.4+ 32.2+ 3.8

+ 14.4-1.8

+ 13.2+ 15.4+ 23.8+ 2.9

-6.7-8.3

-20.2+ 40.5-1.9

-5.5-5.5

0.0+ 6.7-3. 1

4.9+ 5.2+ 7.9+ 8.3+ 8.3-3.1

+ 10.314.7

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

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INDEXES OF BUSINESS—Continued

STOCKS(Relative to 1919 monthly average as 100)

(Corrected for seasonal variation)Total _

Raw foodstuffs ,.Raw materials for manufactureManufactured foodstuffsManufactured commodities

(Unadjusted index)Total

Raw foodstuffs „ .Raw materials for manufactureManufactured foodstuffsManufactured commodities

UNFILLED ORDERS(Relative to 1920 monthly average as 100)(Iron, Steel, and Building Materials)

Total (8 commodities)Iron and steel -Building materials -

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 - -

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 (314 stores)

EMPLOYMENT(Relative to 1923 monthly average as 100)

Number employed, by industries:Total, all classes . .

Food productsTextilesIron and steelLumber - _ - _ - _LeatherPaper and printing .ChemicalsStone, clay, and glassMetal products other than iron and steel-Tobacco productsVehicles -Miscellaneous _ _

Maxi-mumsince

Jan. 1,1920

197346189121185

1S9270217115179

116112153

126129136135133150

1 89

170

427214347225212282188

226156

* 1022 1072 1032 1042 1032 1052 1052 1052 1052 1072 1082 1032 107

Mini-mumsince

Jan. 1,1920

9173895886

8470685688

403225

605943628858

'46

49

8455

11910910610972

80100

2 852 862 812 792 922 832 932 842 902 662 842 752 80

1925

Sep-tember

14816015579

180

13913315387

171

5238

109

941097292

12011282

114

191136245169142202129

122143

919287869495

10097

10096929290

Octo-ber

13111314473

176

14112119477

172

534394

1011227799

13311887

170

237141318179151215164

165149

929590889496

10298

10198959589

Novem-ber

13212814274

170

14413419373

172

5847

101

861035991

1109272

144

220139272167136195136

145154

939490899392

10398

100100959491

1926

Sep-tember

17225613088

183

15018812394

172

493892

971118492

12411386

120

211138303192153218142

131142

929284939294

10410010496859196

Octo-ber

17426414384

180

17122219186

175

463882

941147691

13310285

150

257151334206162227158

158153

939486929294

10510010296878998

Novem-ber

19734616078

177

189270217

78179

453874

861066787

1179175

151

247146347198150232150

156156

919286919092

10799

10195828599

PER CENT INCREASE (-f )OR DECREASE (— )

November,1926, fromOctober,

1926

+ 13.2+ 31.1+ 11.9-7. 1-1.7

+ 10.5+ 21.6+ 13.6-9.3+ 2.3

-2.20.0

-9.8

-8.5-7.0

-11.8-4.4

-12. 0-10.8-11.8

+ 0.7

-3.9-3.3+ 3.9-3.9-7.4+ 2.2-5. 1

-1.3+ 2.0

-2.2-2. 1

0.0-1. 1-2.2-2. 1+ 2.0-1.0-1.0-1.0

0.0-4.5+ 1.0

November,1926, from

November,1925

+ 49.2+ 170.3+ 12.7+ 5.4+ 4.1

+ 31.2+ 101.5+ 12.4+ 6.8+ 4.1

-22.4-19. 1-26.7

0.0+ 2.9

+ 13.6-4.4+ 6.4-1. 1+ 4.2

+ 4.9

+ 12. 3+ 5.0

+ 27.6+ 18.6+ 10.3+ 19.0+ 10.3

-7.6+ 1.3

-2.2-2. 1-4.4+ 2.2-3.2

0.0+ 3.9+ 1.0+ 1.0-5.0

8 4-9.6+ 8.8

i Since Jan. 1,1921. * Since July 1,1922.

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24

INDEXES OF BUSINESS—Continued

EMPLOYMENT— Continued(Relative to 1923 monthly average as 100)

Amount of pay roll, by industries:Total, all classes

Food productsTextiles -Iron and steel - _Lumber _ .LeatherPaper and printing _ChemicalsStone, clay, and glassMetal products other than iron and steel-Tobacco productsVehiclesMiscellaneous _

PRICE INDEX NUMBERSFARM PRICES

(Relative to 1909-1914 average as 100)All groups -

Grain _Fruits and vegetablesMeat animalsDairy and poultryCotton and cottonseedUnclassified

WHOLESALE PRICESDepartment of Labor Indexes

(Relative to 1913)All commodities

Farm productsFood, etcCloths and clothingFuelsMetals and metal productsBuilding materialsChemicalsHouse-furnishing goods _ _ _Miscellaneous

Commercial Indexes(Relative to 1913)

Dun's (1st of following month) :Bradstreet's (1st of following month)

COST OF LIVINGNational Industrial Conference Board Indexes

(Relative to July, 1914)All items weighted

Food (Dept. Labor)ShelterClothingFuel and light.Fuel „ _ _ _ _LightSundries

Maxi-mumsince

Jan. 1,1920

21052 107210621082 1062 1082 1142 1062 1122 1102 1122 1072 112

235283373186215304180

248243248346281203300213275208

218227

205219186288

»179208123192

Mini-mumsince

Jan. 1,1920

2 742852 722 622 842 782 882 852 842 702 832 602 72

11088

10891

1227674

138114131171162109155121160111

134115

155139143153

»156174118171

1925

Sep-tember

90938385

10091

10396

10393929191

14414814214314117890

160160160189169127174136168135

161154

168159178176161181121174

Octo-ber

96989092

10292

1081001099999

10093

14313515214115417190

158155158190172128174135168138

163155

170162178176162183121174

No-vember

96979093

10185

11010110910210110193

14413819413616214495

158154160188175130176135166142

164156

172167178176167190122175

1926

Sep-tember

95968396

10094

11110310894899199

13412113614813913493

151141152175182127172131160120

155139

167159175174161182121173

Octo-ber

99988899

10294

114105111989394

105

1301231361481449497

150139152172184127172129160119

155138

167160174173163185121174

No-vember

95968596

10087

115104109969288

103

1301211421421578897

148135151170190127174129160118

155139

168162174173170195121173

PER CENT INCREASE (+)OR DECREASE (— )

November,1926, fromOctober,

1926

-4.0-2.0-3.4-3.0-2.0-7.4+ 0.9-1.0-1.8-2.0-1. 1-6.4-1.9

0.0-1.6+ 4.4-4. 1+ 9.0-6.4

0.0

-1.3-2.9-0.7-1.2+ 3.3

0.0+ 1.2

0.00.0

-0.8

0.0+ 0. 7

+ 0.6+ 1.3

0.00.0

+ 4.3+ 5.4

0.0-0.6

November,1926, from

November,1925

+ 11+ 1.0+ 5.9-3. 1+ 1.0-2.3-4.3-2.9

0.0+ 6.3 .+ 9.8

+ 14.8-9.7

-9.7-12.3-26.8+ 4.4-3.1

-38.9+ 2.1

-6.3-12.3-5.6-9.6+ 8.6-2.3-1. 1-4.4-3.6

-16.9

-5. 5-10.9

-2.3-3.0-2.2-1.7+ 1.8+ 2.6-0.8-1. 1

i Since July 1,1922. » Since Jan. 1,1923.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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25

TREND OF BUSINESS MOVEMENTSThe 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 thelatest semiannual number (August, 1926), in which monthly figures for 1925 and 1926 may be found, togetherwith explanations as to the sources and exact extent of the figures quoted. The figures given below shouldalways be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of theend of the month referred to. For explanations of relative numbers, including base periods, see introductionon inside front cover.

The c u mn lat ices shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

TEXTILES

Wool

Receipts at Boston:Total . . thous. oflbsDomestic j__-thous. of lbs_.Foreign thous. of Ibs-

Imports:In condition imported thous. of lbs._Grease equivalent thous. of Ibs

Consumption by textile mills,grease equivalent thous of Ibs

Machinery activity, hourly:Looms-

Wide per ct. of hours active..Narrow per ct. of hours active--Carpet and rug.per ct. of hours active..

Sets of cards per ct. of hours active--Combs per ct. of hours active--Spinning spindles-

Woolen per ct. of hours active..Worsted per ct. of hours active..

Prices:Raw, territory, fine, scoured ..dolls, per lb_.Raw, Ohio and Pa. fleeces,

y± blood, combing, grease. .-dolls, per lb_.Worsted yarn _. .dolls, per lb._Women's dress goods, French

serge dolls, per yd_.Men's suitings ..dolls, per yd. .

Cotton

Production, crop estimate thous. of bales..Ginnings _. ..thous. of bales..Receipts into sight thous. of balesImports, unmanufactured bales .Exports, unmanufactured

(including linters) _ balesConsumption by textile mills balesStocks, domestic, end of month:

Total, mills and w'houses. -thous. of bales..Mills.. _ thous. of bales..Warehouses. _ thous. of bales..

Stocks, world visible, end of month:Total thous. of bales-American thous. of bales. .

Machinery activity of spindles:Active spindles thousands..Total activity millions of hours. .Activity per spindle hours..Per cent of capacity per cent..

Prices:To producer dolls, perlb..In New York, middling dolls, perlb..

Cotton Goods

Cotton finishing:Billings, finished goods (as

produced thous. of yds..Orde r s received, gray

yardage. thous. of yds..Shipments, finished goods casesStocks, finished goods cases..Operating activity per ct. of capacity..Average work ahead, end of month.. days..

Cotton textiles:Total (9 classes)—

Production thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo. -thous. of yds..

Sheetings-Production thous. of yds. .Stocks, end of month thous. of yds..Unfilled orders, end mo. -thous. of yds._

Print cloth-Production thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo. -thous. of yds_.

1936

July

50, 67545, 1625,513

12, 54513,958

38,236

5353556868

6656

1.14

.431.40

.733.29

15, 621

13112,090

365, 522460, 918

3,0331,0971,937

3,6862,284

31, 0826,770

18078.9

.154

.187

65, 714

67, 27243,72440,446

505.2

167, 365247, 825211, 515

43,89429, 39856, 303

53, 14257, 72046, 756

August

28,03523, 6114,424

15, 30519,200

40,859

5655607174

6766

1.11

.441.40

.733.29

15, 166

53613,280

391, 329500, 652

2,637921

1,716

3,1831,989

31, 3227,489

20087.4

.161

.187

69,554

75, 18044, 33638,449

595.7

208, 658216, 253270,482

61,00827, 32465, 084

73, 01653, 14259, 224

Septem-ber

13,0188,5114,507

13, 99718, 998

45, 770

6457628084

7674

1.11

.441.40

.713.29

16, 627

2,12610,007

794, 584571, 105

4,230937

3,293

4.2843,116

32, 1358,248

22098.5

.168

.170

79, 223

84,43849, 31236,868

666.7

190, 556184, 036302, 130

52, 69126, 60160,912

59,06037, 13966, 361

October

13,3366,9216,415

19, 26424,499

49,072

7168658990

8679

1.12

.451.40

.703.29

17, 918

3,48330, 449

1, 369, 820568, 532

6,6861,2165,470

6,1485,056

32, 5938,370

22498.9

.117

.132

88, 295

79,35051, 01036, 161

706.2

230, 607181, 834290, 917

66, 20534,36552,968

71, 81829, 50585,032

Novem-ber

14,8348,4516,383

25,06332, 127

47,808

7367678488

8180

1.12

.451.40

.703.29

18,618* 15, 542

3,59341, 441

1, 486, 224583, 950

8,0151,4986,518

7,4576,368

32, 5878,480

227101.2

.110

.128

79, 480

76,48345, 94137, 113

636.0

197, 231193, 099277, 857

53,00845, 21256, 751

58,58428, 42488.957

1925

October

17,4065,885

11, 521

23, 92029, 941

47, 327

7267648188

8280

1.32

.511.65

.803.60

3,14912, 402

1, 421, 482544, 097

5,7181,2174,501

5,1944,115

32, 5207,962

21089.5

.215

.220

85, 859

85,90747, 55639, 917

676.5

174, 349206,807304, 292

42, 91133, 33156, 092

54,76016, 71090,376

Novem-ber

16, 1267,3098,817

25, 17031, 114

43,471

7468698390

8175

1.32

.541.60

.803.60

1 16, 104* 14, 832

2,94227, 007

1,206,7863 543, 488

3 6, 6643 1, 4573 5, 207

6,0484,903

3 32, 9137,834

207395.9

.181

.208

78, 239

75, 45339, 67640, 511

616.8

221, 599217, 521286, 019

55, 94535,38446, 837

77,64221, 10596. 732

PER CENT IN-CREASE (-f ) ORDECREASE (-)

Nov.,1926,fromOct.,1926

+11.2+22.1-0.5

+30.1+31.1

-2.6

+2.8-1.5+3.1-5.6-2.2

-5.8+1.3

0.0

0.00.0

0.00.0

+3.9

+3.2+36.1

+8.5+2.7

+19.9+23.2+19.2

+21.3+25.9

0.0+1.3+1.3+2.3

-6.0-3.0

-10.0

-3.6-9.9+2.6

-10.0-3.2

-14.5+6.2-4.5

-19.9+31.6+7.1

-18.4-3.7+4.6

Nov.,1926,fromNov.,1925

-8.0+15.6-27.6

-0.4+3.3

+10.0

-1.4— 1 5-2.9+1.2-2.2

0.0+6.7

-15.2

-16.7-12.5

-12.5—8. 6

+22.1+53.4

+23.2+7.4

+20.3+2.8

+25. 2

+23.3+29.9

-1.0+8.2+9.7+5.5

-39.2-38.5

+1.6

+1.4+15.8-8.4+3.3

-11.8

-11.0-11.2-2.9

-5.2+ 7.8+21.2

-24.5+34.7-8.0

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1935

287, 258126, 715160,543

316, 075384, 140

481, 523

1936

331, 717159,372172,345

284, 766338, 917

462, 194

I

13, 348278,987

7, 548, 1025, 853, 742

13, 821322, 636

7, 516, 0906,081,247

Per ct.in-

crease<•#or de-

crease(-)

cumu-lative1926

from1925

+15.5+25.8+7.4

-9.9-11.8

-4.0

+3.5+15.6

-0.4+3.9

jj

1

861, 535

840, 243479, 537

889, 390

866, 428522, 664

I

jI

+3.2

+3.1+9.0

1

i Final estimate for 1925. « As of Dec. 13. J Revised.

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26

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

TEXTILES— Continued

Cotton Goods—Continued

Cotton textiles— Continued.Pajama checks-

Production thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo_. thous. of yds..

Drills and twills (40" and narrower) —Production thous. of yds..Stocks, end of month thous. of yds.-Unfilled orders, end mo_ .thous. of yds..

Pocketing twills and jeans-Production thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo_.thous. of yds..

Osnaburgs—Production thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo_.thous. of yds..

Heavy warp sateens-Production - thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo._thous. of yds..

Drills, twills, sheetings, and sateens (widerthan 40")—

Production thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo. .thous. of yds..

Colored goods-Production thous. of yds..Stocks, end of month thous. of yds..Unfilled orders, end mo-.thous. of yds..

Fine cotton goods, production pieces..Cotton cloth exports thous. of sq. yds..Fabric consumption

by tire manufactures thous. of lbs._Elastic webbing sales .. thous. of yds..Prices:

Cotton yarn —22/1 cones, Boston dolls, perlb..40/ls, New Bedford dolls, perlb..

Print cloth, 64 x 60 dolls, per yd..Sheeting, brown dolls, per yd..Cotton goods (Fairchild)... index number

Silk

Imports, raw thous. of Ibs..Deliveries (consumption) balesStocks, end of month:

At warehouses bales..At manufacturers' plants bales..

Price, Japanese, New York dolls, per lb_.Silk machinery activity:

Broad looms per cent of normal..Narrow looms per cent of normal .Spinning spindles per cent of normal..

Clothing

Men's and boys' garments cut:Suits thous. of garments .Separate trousers thous of garmentsOvercoats thous. of garments

Work clothing:Cut . . _. dozen garments __Net shipments dozen garmentsStocks, end of month dozen garments..

Hosiery

Production . thous. of dozen pairs. _Net shipments thous of dozen pairsStocks, end of month thous. of dozen pairs..New orders thous of dozen pairs .Unfilled orders, end mo—thous. of dozen pairs. .

Knit Underwear

Production thous. of dozensNet shipments. .. _ thous. of dozens..Stocks, end of month... thous. of dozens..New orders thous. of dozensUnfilled orders, end of mo thous. of dozens. .

Burlap and FibersImports:

Burlap . thous. of lbs._Fibers (unmanufactured) .. long tons..

Pyroxylin Coated Textiles

Pyroxylin spread . . thous. of lbs_.Shipments billed thous of linear ydsUnfilled orders, end of mo. thous. of linear yds..

1926

July

6,5882,043

26, 080

7,73521, 0567,650

1,6135,2231,744

7,6941,900

13,338

5481,2371,383

4,4207,9848,827

41, 731121, 26449, 434

339, 75549,042

14, 05010, 054

.344

.500

.073

.089155

6,31339,425

27, 52818, 665

5.78

78.759.581.7

1,4091,435

486

229,323205,447298,013

3,0603,0787,6162,9666,170

821843

1,507616

2,100

55,25819,975

3,0932,3012,186

August

8,8793,046

24,806

9,84316, 51010,084

2,3453,8752,817

9,5672,131

10,236

991276

1,281

5,1418,7468,994

37, 868101, 20387, 956

302, 57138, 227

16, 14010, 695

.363

.500

.076

.092157

6,20745, 943

28,00619,274

5.98

78.961.882.0

1,4291,479

576

259,963249,271295,607

3,3593,7677,3783,4775,786

9271,1091,386

9741,952

52,99015,070

3,4232,5102,158

Septem-ber

7,3402,906

26, 393

8,55014, 30410, 957

1,9853,1083,607

8,0393,736

11, 770

969258

2,074

4,8668,3779,049

47, 05687, 607

111,007413, 76245, 983

15, 91011, 429

.367

.506

.076

.093159

7,04643,962

34, 45918, 491

6.13

80.866.687.5

1,1701,591

577

286,759262,264301,160

3,5574,0156,9533,9465,566

1,0041,3251,1961,0871,659

32,066lo,004

3,4702,4072,067

October

9,7362,864

25,046

10, 36112,9079,224

2,8121,6452, £01

9,8254,734

15, 198

1,651238

1,624

5,2848,712

11,240

52, 91586, 86487, 684

401,63637, 556

12, 001

.329

.482

.068

.090154

7,93647, 768

35,09422, 762

5.78

1,1081,518

676

271, 984226, 728308, 731

3,6943,9406,8434,2895,667

1,0151,1661,042

9491,411

53,b9618,836

2,9542,3741,625

Novem-ber

8,3443,539

21, 778

9,22912, 51710, 618

2,4281,5643,962

7,2002,786

14, 756

1,624336

2,123

5,0568,426

10, 544

51, 75890,29568,368

406, 89643, 284

.321

.470

.069

.085148

7,93447, 634

47, 13022, 821

5.49

36, 52925,017

1925

October

2,8542,1198,014

13,40916, 99218, 802

3,7444,2863,674

5,8197,7934,355

1,086775

1,555

5,3052,782

18, 130

44, 461122,019103, 294452, 55244, 887

12, 44613,637

.430

.562

.096

.108187

7,24046,815

39,42330, 107

6.66

93.761.3

112.9

1,0411,731

657

285,304246,209303,001

4,0514,0675,4764,5807,163

1,2171,429

9411,4992,672

42, 62123, 621

2,9872,3801,852

Novem-ber

3,9691,6199,370

17,00917, 46318, 195

4,9975, 5633,312

6,7239,4646,124

1,5211,4101,539

6,4032,881

22, 423

47,390122, 63281, 487

385, 84143,084

11,34911, 658

.407

.546

.089

.108182

6,81441,848

46,81330,602

6.57

96.459.1

107.0

1,0861,536

440

248, 687194, 121318,428

3,8033,6075,7383,5806,993

1,0941,092

9571,0182,466

39, 95726, 930

2,5371,9751,933

PEE CENT IN-CREASE (+) OBDECKEASE (— )

Nov.,1926,fromOct.,1926

-14.3+23.6—13.0

-10.9-3.0

+15.1

13.7-4.9

+36.6

-26.7-41.1-2.9

-1.6+41.2+30.7

-4.3-3.3-6.2

-2.2+3.9

-22.0+1.3

+16.7

-2.4-2.5+1.5-5.6-3.9

0.0-0.3

+34.3+0.3-5.0

-32.0+32.8

Nov.,1926,fromNov.,1925

+110. 2+118. 6+132.4

-45.7-28.3-41.6

51.4-71.9+19.6

+7.1-71.6

+141. 0

+6.8-76.2+37.9

-21.0+192. 5-53.0

+9.2-26.4-16.1+5.5+0.5

-21.1-13.9-22. 5-21.3-18.7

+16.4+13.8

+0.7-25.4-16.4

-8.6-7.1

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925 1926

1

i

4,604,081496,334

4 136, 936

68,831458, 859

4 14, 3874 16, 114

< 3, 792

* 2, 567, 8924 2, 255, 941

* 38, 425* 38, 105

4 40, 179

4 11, 687

574, 453283,228

* 23, 995* 20, 169

i

4,365,768 i470,912

4 105, 365

69,704461, 775

4 14, 0714 15, 959

4 4, 034

4 2, 589, 1564 2, 325, 211

* 35, 0454 35, 993

4 36, 391

4 10, 444

557, 236265, 899

4 29, 3514 22, 689

Per ct.in-

crease(1?or de-

crease(-)

cumu-lative

1926from1925

-5.2-5.1

-23.1

+1.3+0.6

-2.2-1.0+6.4

+0.8+3.1

-8.8-5.5

-9.4

-10.6

-3.0-6.1

+22.3+12.5

* Ten months' cumulative ending Oct. 31.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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27

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found ctn pages 22 to 151of the August, 1926, *' Survey"

FUR«Sales.. thous. of dollars..

BUTTONS

Fresh- water pearl buttons:Production . per ct. of capacityStocks end of month thous of gross

IEON AND STEEL

IronIron ore:

Shipment from mines. .thous. of long tons..Receipts-

Lake Erie ports andfurnaces. . . thous. of long tons..

Other ports thous. of long tons..Consumption.. thous. of long tonsStocks-

Total thous of long tonsAt furnaces thous. of long tonsOn Lake Erie docks. thous. of long tons..

Pig-iron production:Total, U. S _ _ thous. of long tonsMerchant furnaces thous. of long tons..Canada ___ thous. of long tons

Furnaces in blast, end of month:Furnaces ._ . numberCapacity long tons per dayPer cent of total per cent

Ohio gray-iron foundries:Meltings-

Actual.. _ ._ long tonsNormal long tons..Ratio to normal per cent of normal..

Stocks, end of month, .per cent of normal..Receipts per cent of normal

Malleable castings:Production short tonsOperating activity per ct. of capacity..Shipments _ short tonsOrders booked short tons

Wholesale prices:Foundry No. 2,

northern dolls, per long tonBasic (valley furnace).. dolls, per long ton..Composite pig-iron dolls, per long ton..Cast-iron Boilers and Radiators

Round boilers:Production thous. of IbsShipments thous. of Ibs..Orders received., . . thous. of IbsStock on hand, end month. ..thous. of Ibs..

Square boilers:Production thous. of Ibs..Shipments.. . . thous. of IbsOrders received thous. of Ibs..Stock on hand, end month.. .thous of lbs._

Radiators:Production.thous. sq. ft. of heating surface..Shipments. thous. sq. ft. of heating surface--Orders re-

received.. thous. sq. ft. of heating surface--Stock on hand, end

month. .thous. sq. ft. of heating surface..Crude Steel

Steel ingots, production:United States. . thous. of long tonsC anada . thous . of long tons

U. S. Steel Corporation:Unfilled orders,

end of month. thous. of long tonsSteel castings:

Bookings-Total short tons..Ratio to capacity per centRailroad specialties . short tonsMiscellaneous short tons..

Production:Total short tons..Ratio to capacity per centRailroad specialties short tonsMiscellaneous short tons. _

Sheets, blue, black, galvanized, and full fin-ished:

Production-Total short tonsRatio to capacity per cent..

Stock, end of month-Total short tons.Unsold short tons..

Shipments short tons..Sales. short tonsUnfilled orders, end of month, .short tons..

1926

July

13,230

38.612, 196

9,999

7,3002,6094,787

26, 69121, 5825,109

3,223762

67

216103, 245

58.5

18, 47224,038

76.87956

51, 56850.4

50,99852, 716

19.4517.6320.23

17,05820,88223, 157

107, 171

18, 25723,99127,904

111,713

14,42414,983

16, 243

52, 915

3,65165

3,603

74, 43057

29,25845, 172

85,33866

30,61354, 725

239,76477.3

153, 96246,031

264,025352, 414520,281

August

17,647

44.411, 754

10, 709

7,6552,6514,796

32, 17426, 2805,894

3,20077659

213102, 085

57.7

20, 84623,791

87.68471

53, 79652.0

53, 58645,802

19.2617.5020.19

18, 17427, 39329,858

102,913

21, 44430,24933, 187

105,071

14, 30819, 845

23,028

46, 519

4,00546

3,542

66,15251

22,94543,207

79, 56862

25,94553, 623

293, 70392.0

147, 86244,988

281, 602283, 055521, 837

Septem-ber

16,969

44.411,759

9,622

7,3462.5864,738

37,33530,4386,897

3,13670064

215105,480

58.1

15, 42717, 969

85.810185

54,63053.2

50,88543, 874

19.3917.5020.18

22,35927,929"30, 820

101, 047

26, 19131,88837,30599, 982

15, 55118, 766

21,080

44,534

3,93159

3,594

65, 15151

22,02643, 125

77,31560

22,63754, 678

307, 45996.2

134, 42234, 511

302, 198448, 147731, 977

October

13,664

51.312,002

9,337

6,9062,3604,948

42,00434,4077,597

3,33475570

219108, 760

58.9

14, 36517, 622

81.38758

53,96352.7

49, 73843, 322

20.2618.0020.39

17, 67630, 97824,83089,849

22,33835, 35428, 17087, 437

15,00020,173

18, 257

39,409

4,093a 64

3,684

72, 39956

27,82244, 577

77, 53760

25, 58751,950

314, 598101.4

141, 20640, 758

301, 474212, 029581, 993

Novem-ber

10, 176

47.512,049

3,947

3,2831.5494,717

42, 76135,0987,663

3,23775252

213105, 850

57.1

21,00924, 423

86.08282

43, 21442.7

41, 10239, 017

20.7618.5020.83

3,72254

3,807

68, 54553

28, 07940,466

84, 68566

24, 36260, 323

278, 45586.9

165,11440, 929

262, 797185, 235500,120

1925

October

11, 867

48.112, 172

7,004

5,1472,0884,609

41, 19833,5427,656

3,02365374

20697,950

53.9

25,00227,020

92.59269

64,21661.3

55, 79561, 778

20.8918.6320.66

24,31028, 889

27,88931, 528

18,60419,848

3,889109

4,109

74, 28359

26, 43447,849

348, 714106.4

123, 44440,200

332,211403,491595, 583

Novem-ber

14, 372

47.312,286

4,258

3,1981,5174.554

41, 68633,8307,856

3,02367969

220103, 445

57.6

15, 95321, 148

75.48368

58,31556.8

51, 86652, 053

22.1419.8821.83

19, 81022, 920

20,85424, 571

15,78816, 455

3,90373

4,582

83, 19766

38,48544,712

336,021107.8

143, 28236, 105

294,660370, 361636, 570

PER CENT IN-CREASE (+) ORDECREASE (-)

Nov.,1926,fromOct.,1926

-25.5

-7.4+0.4

-57.7

-52.5-34.4-4.7

+1.8+2.0+1.9

-2.9-0.4

-25.7

-2.7-2.7-3.1

+46.3+38.6+5.8-5.7

+41.4

-19.9-19.0-17.4-9.9

+2.5+2.8+2.2

-9.1-15.6

+3.3

-5.3-5.4+0.9-9.2

+9.2+10 0-4.8

+16.1

-11.5-14.3

+16.9+0.4

-12.8-12.6-14.1

Nov.,1926,fromNov.,1925

-29.2

+0.4-1.9

-7.3

+2.7+2.1+3.6

+2.6+3.7-2.5

+7.1+10.8-24.6

-3.2+2 3-0.9

+31.7+15.5+14. 1-1.2

+20.6

-25.9-24.8-20.8-25.0

-6.2-6.9-4.6

-4.6-26.0

-16.9

—17.6-19.7-27.0-9.5

-17.1-19.4

+15.2+13.4-10.8-50.0-21.4

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

138, 198

54,074

38, 65214, 84749, 801

33, 1517,187

517

207, 911267, 052

632, 155

601, 245561, 039

* 194, 7884 186, 896

* 208, 607< 202, 360

< 129, 532< 133, 945

40,169689

800, 115

325, 975474, 136

3,195,025

2, 900, 2932,959,870

1926

154, 549

58, 507

42, 3CO16, 44953, 798

35, 9778,230

684

193, 652236, 753

637, 910

599, 312489, 971

4 205, 165* 200, 589

* 212, 377« 211, 025

< 1 50, 038* 138, 122

43, 662720

884, 474

341, 453543, 121

3, 209, 107

3, 174, 5192,955,465

Per ct.in-

crease(t}

or de-crease(-)

cumu-lative1926from1925

+11.8

+8.2

+9.4+10.8+8.0

+8.5+14.5+32.3

-6.9-11.3

+0.9

-0.3-12.7

+5.3+7.3

+1.8+4.3

+15.8+3.1

+8.7+4.5

+10.5

+4.7+14.5

+0.4

+9.5-0.1

»Revised. 4 Ten months' cumulative, ending Oct. 31. » See table on p. 13 of the November, 1926, issue for earlier data.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 30: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

28

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August , 1926, "Survey"

IRON AND STEEL— Continued

Crude Steel— Continued

Steel barrels:Production barrels..Ratio to capacity per centShipments barrels..Stocks, end of month barrelsUnfilled orders, end of month barrels..

Wholesale prices:Steel billets, Bessemer. dolls, per long ton..Iron and steel dolls per long tonComposite steel dolls per 100 IbsStructural steel beams.. .dolls, per 100 Ibs..Steel sheets, Youngstown dist.

dolls per 100 Ibs

Steel Products

Structural steel, fabricated:Bookings (prorated) short tonsRatio to capacity per centShipments (prorated!) short tonsRatio to capacity per cent

Steel plate, fabricated, bookings:Total short tonsRatio to capacity per centOil-storage tanks short tons

Iron and steel:Exports (total) long tonsImports long tons..

Steel furniture:Business group —

Shipments ._ thous. of dollarsOrders received thous. of dollars"Unfilled orders thous of dollars

Shelving-Shipments _ . . . thous. of dollarsOrders received thous. of dollarsUnfilled orders thous of dollars

Machinery

Foundry equipment:Sales dollarsShipments... dollars-Unfilled orders, end of month dollars..

Jitachino tools orders index numberStokers, mechinical:

Sales _ number..Sales horsepower

Washing-machine sales:Total i number..Electric number..

Agricultural pump shipments:Total thous of dollsPitcher hand etc numberPower pumps number..

Steam, power, and centrifugal pumps:New orders thous. of dolls._Shipments thous of dollsUnfilled orders, end mo thous. of dolls—

Agricultural machinery and equipment:Sales—

Total index number

Forp'gn "'""""' indftT TiiTmhpr""Prod *• • *ij u Pe —

Domestic pumps and water systems:*Shipments number of unitsStocks, end of month number of units..

Electric industrial trucks and tractors:Shipments, domestic-

Tractors .number of vehicles. _All other types number of vehicles-

Exports number of vehicles..

PATENTS ISSUED

Total, all classes. _ __ number. _Agricultural implements numberIntemal-rnmbiistiOTi engines mimber

AUTOMOBILESProduction:

Passenger cars —Total . number of carsUnited States . . number of cars.Canada number of cars-

Trucks—Total number of cars.United States number of carsCanada number of cars.

1926

July

585, 73447.7

593, 61138,874

, 293, 601

35.0037.692.641.95

216, 550

268, 40088

34,213

12, 827

194, 71761,795

2,1502,2841,669

531604602

378, 163448,390411, 119

173

12550,494

85,79969, 762

58251, 8743,653

1,5941,6113,586

154157126137

7,8304,320

15951

3,3344937

329,950316, 99712, 953

41,92139, 6662,255

August

523, 03741.0

511, 54250,369

,170,998

35.0037.612.641.95

3.25

250, 10082

250, 10082

48, 14066

21, 725

171, 58875,248

2,3432,2991,638

546611662

391, 935384,924422, 148

167

10438, 852

84,91270, 592

56146,0003,225

1,9471,9193,606

150135199129

7,5784,267

14812

4,2543978

393,040380,25812,782

47,90745,4042,503

Septem-ber

511, 11843.6

508,54852, 939

, 288, 431

35.0037.702.642.00

183,00060

253, 15083

35, 48950

17,035

182, 07168, 334

2,4502,4201,614

588708790

400,464377, 798522,273

194

12744, 211

93, 80176,308

3474a 38, 578

3 3, 173

1,4681,7033,332

121110148132

7,5345,581

10825

3,1154330

363,537350,91312,624

51,29946,428

4,871

October

493,36346.0

497,03149, 271

, 149, 325

35.0038.022.652.00

3.25

3201,300366

« 250, 100382

41, 31459

23, 070

172, 07064,722

2,5462,6071,686

637596745

396, 354447, 189524, 612

195

11240,780

89,64575,459

46439,9123,333

1,4841,5403,256

«86«87•97

•115

7,4637,797

18«97»17

3,2394032

3 300, 1423 289, 547

10,595

46,96542,8904,075

Novem-ber

510,48948.0

505, 38354,377

,732,007

35.0038.432.652.00

192, 15063

222, 65073

50, 86368

19, 111

219, 83058, 472

2,7342,6021,545

580575731

175

8527, 606

6,3109,172

188619

4,3305279

226,253219, 479

6,774

39,38836,3343,054

1925

October

553,54551.0

555,98152,748

890,904

34.2537.612.611.95

3.05

271,45089

268,40088

32, 77242

8,802

141,81769,280

2,4232,4881,544

622731627

424,054400,646518, 795

208

11453, 451

75, 57763, 607

66368, 1523,666

1,4811,5823,252

102101110116

17108

5

3,7256359

408,017394,09613,921

46,01344,3231,690

Novem-ber

498,92945.0

498, 07053,607

, 248, 545

34.7538.732.631.95

216, 550

225, 70074

31,67340

7,676

171, 13470, 556

2,1922,3091,664

575687740

480, 328414, 148593,456

189

7633, 461

73,74662, 276

51646, 1732,984

1,2891,2903,256

8478

110121

1210210

3,7774853

337,435328,694

8,741

40,04837,8112,237

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

+3.5+4.3+1.7

+10.4+50.7

0.0+1.1

0.00.0

0.0

-4.5-4.5

-11.0-11.0

+23.1+15.3-17.2

+27.8-9.7

+7.4-0.2-8.4

-8.9-3.5-1.9

-10.3

-24.1-32.3

—15.4+17.6

0.0-11.3+11.8

+33.7+30.0

+146. 9

-24.6-24.2-36.1

-16.1-15.3

I -25.1

Nov.,1926,fromNov.,

1925

+2.3+6.7+1.5+1.4

+38.7

+0.7-0.8+0.8+2.6

+6.6

-11.3-11.3-1.4-1.4

+60.6+15.3

+149. 0

+28.5-17.1

+24.7+12.7-7.2

+0.9-16.3-1.2

-7.4

+11.8-17.5

+50.0-15.7+90.0

+14.6+8.3

+49.1

-32.9-33.2-22.5

-1.6-3.9

+36.5

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

192o

5, 579, 169

5, 577, 625

2, 479, 650

2, 513, 200

333,414

91,250

1, 620, 362756, 012

23,97524,469

5,8896,330

4 3,768,3624 3, 476, 502

1,240506,229

4 737, 6404 610, 703

4 5, 958* 606, 900430,830

4 14, 5314 13, 586

1801,035

118

41,726681710

3, 549, 6603,417,847

131, 813

465, 982445,63920,343

1926

6, 048, 730

6, 040, 453

2, 296, 650

2, 644, 350

442, 819

158, 711

1, 968, 859875, 253

28, 48728,582

6,7096,808

4 4,205, 06544,286,545

1,289511, 254

4865,3964703,691

45,2324 476, 267

4 32, 810

415,993415,410

1721,032

93

41,239580550

3,786,0243, 627, 589

158,435

504,194465,26538,929

Per ct.in-

crease(1?or de-

crease(-)

cumu-lative1926from1925

+8.4

+8.3

+7.4

+5.2

+32.8

+73.9

+21.5+15.8

+18.8+16.8

+13.9+7.6

+11.6+23.3

+4.0+1.0

+17.3+15.2

-12.2-21. 5+6.4

+10.1+13.4

-4.4-0.3

-21.2

i -1.2-14.8-22.5

+6.7+6.1

+20.2

+8.2+4.4

+91.4

3 Revised.4 Ten months' cumulative, ending Oct. 31.

* Preliminary.» See table on p. 13 of the September, 1926, issue for earlier data.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 31: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

29

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

AUTOMOBILES— Continued

Exports:Assembled—

Total _ .. number of carsPassenger cars number of carsTrucks _ number of cars

From Canada-Total _ number of carsPassenger cars number of carsTrucks number of cars

Foreign assemblies number of cars__Accessories and parts:

Shipments-Original equipment index nos__Replacement parts index nos__Accessories index nos_.Service parts index nos._

Sales (General Motors Co.):To dealers . number of carsTo users number of cars

New passenger-car registrations:Total number of cars..Highest price group number of cars..Second highest group number of cars..Third highest group number of cars..Lowest price group number of cars..Miscellaneous. . number of cars _

NONFERROUS METALS

CopperProduction:

Mines short tonsSmelter short tonsRefined (North and South

America) short tonsWorld production, blister short tons-Domestic shipments refined short tonsExports short tonsStocks (North and South America) :

Refined short tons—Blister short tons-

Wholesale price, electrolytic dolls, per lb__

Copper Products

Plumbing fixtures:Sales, tubular-

Quantity numberValue dollars..

Wholesale price, 6 pieces dollars-Brass faucets:

Orders received number of piecesOrders shipped number of pieces _

Fire extinguishing equipment, shipments:Motor vehicles .. _ __ .number. _Hfvnd types rmmhp.r

Tin

Deliveries (consumption) .long tonsStocks, end of month:

World visible supply long tons-United States— long tons-

Imports long tons-Wholesale price, pig tin ...dolls, per lb__

Zinc

Retorts in operation, end of month number..Production.. short tons..Stocks, end of month short tons..Ore, Joplin district:

Shipments .. . .short tonsStocks, mines, end of month short tons..

Price, slab, prime western dolls, per lb._

Lead

Production short tons .Ore shipments:

Joplin district ..short tonsUtah ° short tons..

Receipts of lead in U. S. ore short tons..Stocks, U. S. and Mexico, end mo..short tons..Price, pig, desilverized (New York).dolls. per lb..

Babbitt MetalConsumption:

Total apparent . thous. of IbsDirect by producers thous of IbsSale to consumers thous. of Ibs..

1926

July

22,48617,0775,409

4,1582,6411,517

12,299

135117127142

87,643101, 576

327, 71311, 55356, 53571, 371

186, 8421,412

72,22876, 479

119, 020124,48376, 35235,300

64,940277, 888

.1392

174, 145188,203106. 78

225, 831237,808

14254, 234

7,630

13, 7773,0147,941.6137

83,98048, 40322, 986

73, 40920, 776.0741

47, 796

11, 56669, 96544, 944

118, 697.0850

5,0151,3393,677

August

20,27216, 1304,142

3,0452,448

59711,647

157120131166

134,231122,305

303, 75710,60063,70359,355

168, 9201,179

72, 01477, 613

128, 925128, 56884,03437, 741

66, 658260, 186

.1417

176, 794214, 370106. 23

186, 751226, 872

15350, 657

5,870

13, 3521,8295,132.6388

84, 58451, 76118, 164

67, 73619, 250.0738

49,017

10, 50559, 30347, 566

111, 429.0891

4,9871,3543,633

Septem-ber

27,00120,0386,963

6,4714,4831,9888,514

151120126165

138, 360118, 224

258, 4319,579

55, 22450, 818

141, 841969

3 72, 62780,320

123, 390132, 01378, 45940, 753

70, 137263, 935

.1406

201,998204, 256106. 22

261, 055277, 647

12448, 517

5,835

14,3791,8546,092.6654

87,02852, 14415, 699

69, 54719, 103.0741

47, 240

11,87962, 81747, 755

113, 109.0879

5,3371,4823,855

October

20,39516, 3484,047

7,5465,4392,107

12.9KJ

125116109145

115, 84899,073

238, 3289,160

49,28848,237

130, 650993

3 75, 099387,012

123, 1203 136, 600

73, 93936,563

68, 2333 267, 866

.1386

155,069175, 454106. 19

253, 604311, 883

31483 44, 334

5,955

14, 8411,5545,126.6823

87, 02854, 97915, 909

75, 78626, 287.0730

353,389

14, 96576,31748,881

118,311.0840

4,8681,3393,529

Novem-ber

27,87320,5627,311

8,7936,4352,358

799483

119

78, 550101, 729

75, 24092, 716

126, 322148, 40574, 20746, 471

73,856276, 019

.1358

172,294171, 963106. 02

216, 117246, 041

13242, 953

6,140

15, 2572,3046,882.6867

88,07655,06214,481

70,04522, 482.0720

52, 722

8,64161, 460

.0801

4,3581, 1473,211

1925

October

22, 56218, 4874,075

7,9766,2291,747

12, 713

214131163100

96,36486, 281

247, 0028,663

47, 81443,918

145, 5081,099

71,04282,839

121, 639138,23476, 46830, 872

72, 855247,061

.1430

323, 247314, 967111. 77

442, 427468, 330

12351, 408

6,070

15, 7702,4646,401.6046

89, 87750, 4977,475

81, 29524, 593.0828

52,927

9,70375, 70947, 412

104, 999.0951

5,5501,3804,170

Novem-ber

28, 47221, 1587,314

9,3237,6591,664

14,827

14913315896

73, 37460,257

193, 9226,364

33, 29729, 866

123, 612783

67,40078,643

113, 474133,00782, 77930, 547

67, 838249, 064

.1435

393, 556385, 128110.83

547, 667366, 603

12845, 491

5,670

18, 1991,9044,574.6214

90,08550, 6296,922

73,91518,6380.861

49,230

13,69358,19248,273

106, 912.0974

4,9551,4213,534

PER CENT IN-CREASE (+) ORDECREASE (-)

Nov.,1926,fromOct.,1926

+36.7+25.8+80.7

+16.5+18.3+11.9

-36.8-19.0-23.9-18.0

-32.2+2.7

+0.2+6.6

+2.6+8.6+0.4

+27.1

+8.2. +3.0-2.0

+11.2-2.0-0.2

-14.8-21.1

-10.8-3.1

+3.1

+2.8+48.3+34.3+0.6

+1.2+0.2-9.0

-7.6-14.5-1.4

-1.2

-42.3-19.5

-4.6

-10.5-14.3-9.0

Nov.,1926,fromNov.,

1925

-2.1-2.8

0.0

-5.7-16.0+41.7

-47.0-29.3-48.5+24.0

+7.1+68.8

+11.6+17.9

+11.3+11.6-10.4+52.1

+8.9+10.8-5.4

-56.2-55.3-4.3

-60.5-32.9

+3.1-5.6

+8.3

-16.2+21.0+50.5+10.5

—2.2+8.8

+109. 2

-5.2+20.6-16.4

+7.1

-36.9+5.6

-17.8

-12.0-19.3-9.1

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

269,417219, 68249, 735

67, 17252,36314,809

« 151, 784

781, 785770, 927

4 2, 594, 838* 73, 493

4 504, 2454 421, 300

4 1,551, 8244 43, 976

772, 551868,048

1, 232, 7741,409,066

759, 813493, 743

2, 530, 9632, 372, 510

4, 313, 4864, 772, 992

1,395569, 305

70, 295

69, 178

537, 134

746, 725

520, 529

116, 107746, 476

* 453, 876

57, 52713, 15644,370

1926

280, 128216, 58563,543

68,70448, 79219,912

« 151, 207

1, 190, 7191, 163, 097

4 2, 860, 774* 108, 1994 560, 7034 596, 544

41, 582, 1814 13, 147

800,406897, 207

1, 314, 0301,458,275

840, 232423, 837

2, 258, 4612, 287, 672

2, 961, 7893, 172, 169

1,357563, 230

71, 545

70, 706

581, 649

771, 168

545, 052

118,381715, 392

4 473, 640

55, 70914, 28441,425

Perctin-

crease(t}or de-

crease(-)

cumulative

1926from1925

+4.0-1.4

+27.8

+2.3-6.8

+34.5-0.4

+52.3+50.9

+10.2+47.2+11.2+41.6+2.0

-70.1

+3.6+3.4

+6.6+3.5

+10.6-14.2

-10.8-3.6

-31.3-33.5

-2.7-1.1

+1.8

+2.2

+8.3

-3.3

+4.7

+2.0-4.2+4.4

-3.2+8.6-6.6

3 Revised.is. onus.. «*,o// 6,odvj 6,ODD d,D^y d,m 4, ivu 6,56i —y.u —y. i 44,370 <

Ten months' cumulative, ending Oct. 31. <> See table on p. 14 of the November, 1926, issue for earlier data

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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30

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

NONFERROUS METALS— Continued

ArsenicCrude:

Production short tonsStocks, end of month short tons

Refined:Production short tons. _Stocks, end of month short tons

Galvanized Sheet Metal Ware

Shipments. _ _ ..dozens..

Enameled WareBaths:

Orders shipped . .number.Stocks, end of month . number..Orders received number..

Lavatories:Orders shipped numberStocks, end of month . . numberOrders received number. _

Sinks:Orders shipped numberStocks, end of month... number..Orders received _ number

Miscellaneous sanitary ware:Orders shipped . numberStocks, end of month . _ number..Orders received number

Unfilled orders, end of month:Baths numberSmall ware number

Household ware:Furnaces operating per cent of total..

Band InstrumentsSales:

Total dollarsCup mouthpieces . dollarsSaxophones... _ . dollars..Woodwind dollars..

Electrical Equipment

Electrical porcelain, shipments:Total dollarsStandard _ . . . . _ .dollars. _Special dollarsHigh tension . . dollars

Laminated phenolic products,shipments dollars

Motors (direct current):New orders . dollars. _Billings (shipments) dollars-

Electric hoists:New orders —

Quantity number-Value dollars..

Shipments . dollars. -Power switching equipment (quarterly):

New orders-Indoor . single pole units..Outdoor single pole units

FUELS

Coal and CokeBituminous:

Production thous . of short tons. .Exports . . . thous. of long tons. _Consumption—-

By vessels thous of long tons .By electric power

plants thous of short tonsBy railroads thous. of short tons..By coke plants-

United States.thous. of short tons-Canada ..thous. of short tons..

Prices-Mine average (spot) -dolls.per short ton..Wholesale, Kanawha, f. o. b.

Cincinnati dolls, per short ton..Eetail, Chicago... dolls, per short ton-

Anthracite:Production thous. of short tonsExports thous. of long tonsPrices-

Wholesale chestnut,New York . dolls, per long ton

Retail, chestnut,New York dolls, per short ton..

!

1926

July

3742,954

2713,523

161,315

113, 427149, 829112, 629

117, 973238, 556118,963

117, 263284, 432117, 705

48, 162151, 85449, 432

73, 640160, 665

71

482, 765176, 985286, 55319, 227

273, 36575, 630

154,04143, 694

613, 645

740, 424876,257

293171,871130,234

e 11, 436• 10, 191

43,4723,240

641

3,3607,635

6,915236

1.91

3.398.27

8,429390

11.48

K50

August

1662,947

4953,002

179, 234

114, 748139, 964113, 835

122, 523219, 086119, 924

122, 294273, 590127, 758

51, 559145, 14355, 657

61,991155, 423

77

419, 071172, 126228, 48818, 457

284, 47486, 986

145,61651, 872

765,810

792,613876,297

273165, 773150, 419

46, 3523,548

709

33,4477,873

6,574250

2.00

3.398.32

8,225395

11.47

14.50

Septem-ber

4882,959

5602,648

183, 551

102, 333149, 55597, 178

130, 131210, 291115,797

125, 044257, 240115, 973

55, 412137,97151, 483

48, 278143, 670

80

514, 799238, 822247, 94028,037

287,36197, 335

146, 97443, 052

829, 355

937,913745, 783

326153, 632173, 958

7 15, 5207 14, 970

48, 9763,737

7393 3, 478

8,115

7,298250

2.15

3.648.91

8,444363

11.48

14.54

October

4192,538

6972,382

182,073

98, 237158, 76492,008

117, 122208, 406109, 582

120,262246, 816110, 784

52, 018135, 60049, 027

43, 556105, 664

86

646, 065245, 328367, 62833, 109

291, 992101, 984148,97041, 038

1,032,042

801,006837,214

233128, 137169, 245

54,5924,188

840

3,681

6,844263

2.70

3.749.06

8,675459

11.48

14.50

Novem-ber

80, 271161, 39184, 209

86,545225, 55586, 946

91, 789274, 14094,788

40, 333138, 34843, 030

38, 80197,056

635,000234, 605371, 93928,455

311, 52990, 428

176, 58344, 518

290130, 257139, 231

59, 7214,605

841

6,734234

3.19

4.3910.15

7,446350

11.48

14.50

1925

.

October

5173,143

7287,446

127, 35585, 555

110, 396

140,699201, 847124, 362

145, 951239, 269130, 554

57, 906142, 54254, 452

79, 437192, 610

84

771,239274, 429468, 53028, 280

315, 532120,041158,06437,427

1,318,083

350207, 761156, 508

53, 2031,243

352

3,7108,992

6,478248

2.13

3.398. 99

I 69| 46i

11. 28

i 17. 04

Novem-ber

4923,346

34916,997

86, 615110, Oil93, 685

105, 523222, 032117, 750

106, 028228,659121,985

45, 910153, 96046, 778

78, 325206, 451

86

677,884271, 624381,88624, 374

345, 902166, 366139, 88339, 653

984, 598

388213, 130179, 286

50,7801,477

340

3,4728,915

7,024237

2.26

3.399.65

15331

11.29

19.63

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

-18.3+1.7-8.5

-26.1+8.2

-20.7

-23.7+11.1-14.4

-22.5+2.0

-12.2

-10.9-8.1

-1.7-4.4+1.2

-14.1

+6.7-11.3+18.5+8.5

+24.5+1.7

-17.6

+35 7+46.9

+9.4+10.0

+0.1

-1.6-11.0

+18.1

+17.4+12.0

-14.2-23.7

0.0

0.0

Nov.,1926,fromNov.,1925

i

-7.3+46.7-10.1

-18.0+1.6

-26.2

-13.4+19.9-22.3

-12.1-10.1-8.0

-50.5-53.0

-6.3-13.6-2.6

+16.7

-9.9-45.6+26.2+12.3

-25.3—38.9-22.3

+17.6+211. 8

+147. 4

-4.1-1.3

+41.2

+29.5+5.2

+1.7

-26.1

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1935

4 7, 307

* 9, 923

1, 232, 275

1, 292, 055

1, 419, 676

1, 465, 360

1,435,268

1,479,556

703, 083

650, 722

6, 171, 3672,288,3173, 698, 816

204, 233

3,499,0011,411,8601,695,494

391, 657

47,018,661

3,3281, 798, 1791, 631, 163

470, 15114, 193

4,003

* 32, 754

66, 8832,009

61, 5912,834

1926

* 4, 447

« 4, 470

1, 127, 009

1, 162, 946

1, 291, 263

1,288,009

1, 285, 223

1, 290, 964

564, 465

584, 235

5, 791, 7372, 195, 5493,342,940

253, 251

3, 180, 5961,012,7311,676,241

491, 624

*6, 524, 620

3,2931, 762, 8651, 806, 843

520, 61927, 217

6,187

* 33, 874

76, 4322,667

77, 4733,305

Per ct.in-

crease(+)

or de-crease(-)

cumu-lative1926

from1925

-39.1

-55.0

-8.5

-10.0

-9.0

-12.1

-10.5

-12.7

-19.7

-10.2

-6.2-4.1-9.6

+24.0

-9.1-28.3-1.1

+25.5

-7.0

-1.1-2.0

+10.8

+10.7+91.8

+54.6

+3.4

+14.3+32.8

+25.8+16.6

3 Revised.4 Ten months' cumulative, ending Oct. 31.

6 Quarter ending June 30.? Quarter ending Sept. 30.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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31

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

FUELS— Continued

Coal and Coke— ContinuedCoke:

Production, U. S —Beehive thous. of short tons..By-product thous. of short tons

Production, Canada.. thous. of short tons..Exports thous of long tonsPrice, furnace, Con-

nellsville ...dolls, per short ton..Petroleum

Crude petroleum:Pr oducti on th ous . of bblsStocks, end of month-

Total (comparable) thous. of bbls..Tank farms and pipe

lines thous. of bblsRefineries _ thous. of bbls..California —

Light thous. of bbls..Heavy thous. of bbls..

Imports thous. of bbls..Consumption (run to stills) .thous. of bbls..Oil wells completed _ number. .Price, Kansas-Oklahoma dolls, per bbl__

Gasoline:Production-

Raw (at refineries) thous. of galsNatural gas (at plants).. thous. of gals..

Exports thous. of gals..Consumption thous. of gals..Stocks, end of month thous. of gals"Price, motor, New York dolls, per gal..

Kerosene oil:Production thous. of galsConsumption thous. of gals..Stocks at refineries, end mo. -thous. of galsPrice, 150° water white. dolls, per gal

Gas and fuel oils:Production thous. of gals..Consumption—

By vessels thous. of gals..By electric power plants. thous. of gals__By railroads thous. of gals..

Stocks at refineries, end mo. -thous. of gals..Price, Okla., 24-26 at

refineries dolls, per bbl__Lubricating oil:

Production thous. of gals..Consumption thous. of gals..Stocks at refineries, end mo. thous. of gals..Price, Pa., 600°, steam

refined dolls, per gal..

HIDES AND LEATHER

Imports: Hldcs

Total hides and skins thous. of Ibs.Calfskins thous of IbsCattle hides thous. of Ibs..Goatskins thousl of IbsSheepskins thous. of Ibs..

Stocks, end of month:Total hides and skins thous. of Ibs..Cattle hides _ thous. of Ibs..Calf and kip skins thous. of IbsIISheep and lamb skins thous. of Ibs

Prices:Green salted, packers' heavy

native steers _ dolls, per lb_.Calfskins, country No. 1 dolls, per lb__

LeatherProduction:

Sole leather.. thous. of backs, bends, sidesFinished sole and belting thous. of Ibs..Finished upper _ thous. of sq. ft._Oak and union harness stuffed sidesSkivers doz

Unfilled orders:Oak and union harness sides

Stocks in process of tanning:Sole and belting thous. of Ibs..Upper ' thous. of sq. ft..

Stocks, end of month:Sole and belting. thous. of Ibs..Upper thous. of sq. ft..

Exports:Sole thous. of Ibs.,.Upper thous. of sq. ft..

Prices:Sole, oak, scoured backs,

heavy, Boston dolls, perlb..Chrome calf," B" grades, dolls, per sq.ft..

1926

July

9633,756

16881

2.94

64,893

278, 184

242, 14936,035

33,58387, 7615,185

67,4421,8612,050

1, 046, 934110, 359150, 909

1, 014, 8041, 609, 230

.210

204, 204113, 778354, 438

.099

1, 316, 742

165, 46429, 562

170, 9791, 079, 232

1.231

119, 57487, 738

307, 734

.143

33,2995,023

11,0478,4556,677

288, 754228, 32041, 76718, 667

.142

.172

1,11521,44064, 67893,89618, 126

40,012

79,601151,389

95,990295, 074

1,3208,181

.41

.45

August

7523,749

16675

3.14

66, 525

277, 486

240, 85536, 631

32, 12487, 7695,332

67,6931,9242,050

1, 067, 472111, 859144, 055

1, 103, 8441, 451, 142

.210

216, 258114, 786343, 812

.109

1, 304, 352

173, 23231,927

171, 5251, 113, 000

1.355

119, 11295, 718

303, 492

.136

32,3595,079

12,3456,9176,472

282,933219, 19343,48320, 257

.149

.178

1,18322,30867,313

100, 21719,221

232,545

80,313155, 178

90, 660289,218

1, 1527,576

.41

.45

Septem-ber

1,3103,641

16664

3.49

65, 300

277, 771

240, 12337, 648

30, 48987, 4754,350

65, 9921,7452,050

1, 043, 028111, 619161, 516942, 858

1, 400, 322.210

218, 022142, 632342, 678

.116

1, 286, 040

169, 69438, 402

176, 8641, 142, 400

1.425

111, 09084, 798

300, 258

.124

29, 7973,822

11,5376,7135,634

284, 326222, 23441, 56120,531

.152

.178

3 1, 15221,97869,09098,098

8 23, 488

223, 165

81, 721151,905

85, 819278, 719

1,1808,666

.43

.45

October

8673,812

17484

4.00

* 69, 0433 277,0] 43 240, 365

36, 649

30,46787, 4613,860

69, 0341,9572,050

1,082,004122, 068112, 853986, 496

1, 415, 652.210

214, 284134, 736345, 996

.105

1, 359, 204

181, 85838, 406

190, 8121, 107, 792

1.356

116, 25674, 676

312, 354

.117

29,1254,642

12, 5726,0283,980

282,936222, 55640, 73519,645

.161

.178

3 1,22523, 68171, 678

3 100, 08524,928

207,921

82, 261147,457

80, 491274, 918

8798,787

.43

.45

Novem-ber

8593,743

15467

4.89

69, 314

276, 445

241, 42035, 025

30, 12287, 3755,043

68, 0451,7441,750

1, 087, 170124, 614158, 735950, 122

1, 508, 472.210

225, 330150, 780338,940

.093

1,330,812

165, 980

1, 128, 078

1.305

114,40872, 324

320, 040

.109

22,9293,4478,9035,3243,475

.153

.168

1,178

88,777

6357,941

.43

.45

192-5

October

1,0063,402

16171

6.53

64, 842

298, 193

270, 16028, 033

44, 05983, 3914,367

63, 9701,4201,600

944, 496102, 100102, 404832, 692

1, 508, 220.170

215, 082144, 732335, 538

.077

1, 325, 478

128, 90035, 818

«203,3241, 215, 816

1.056

109, 53674, 970

286,. 734

.159

20,3381,7738,9575,2483,268

259, 369203,24638, 34317, 780

.174

.200

1,31823, 95768,346

124,9003 33, 910

182, 652

81,303147, 329

127,926291,891

1, 8597,986

.46

.46

Novem-ber

1,2133,557

15687

6.88

3 61, 9273 296, 9043 269, 760

27, 1443 44, 5613 84, 373

4,8913 60, 310

3 1, 1961,588

3 921, 732102, 800124, 301

3 757, 00831,569,246

.170

212, 688147, 546314, 832

.080

1, 230, 852

3159,10533, 211

189, 1561, 145, 172

1.2153 110, 460

3 73, 6263 293, 958

.157

27,7161,262

16,0206,1812,885

273, 686220, 29336, 44116, 952

.163

.198

1,07419,98360,289

111,40428, 336

164, 783

78, 176149,608

122, 429290, 815

1,1377,855

.47

.46

PEE CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

-0.9-1.8

-11.5-20.2

+22.3

+0.4

-0.2

+0.4-4.4

-1.1-0.1

+30.6-1.4

-10.9-14.6

+0.5+2.1

+40.7-13.8+6.6

0.0

+5.2+11.9-2.0

-11.4

-2.1

-8.7

+1.8

-3.8

-1.6-3.1+2.5

-6.8

-21.3-25.7-29.2-11.7-12.7

-5.0-5.6

-3.8

-11.3

-27.8-9.6

0.00.0

Nov.,1926,fromNov.,1925

-29.2+5.2-1.3

-23.0

-29.9

+11.9

-6.9

-10.5+29.0

-32.4+3.6+3.1

+12.8+45.8

10.2

+17.8+21.2+27.7+12.3-3.9

+23.5

+5.9+2.2+7.7

+16.3

+8.1

+4.3

-1.5

+7.4

+3.6-1.8+8.9

+30.6

-17.3+173. 1-44.4-13.9+20.5

-6.1-15.2

+9.7

-20.3

-44.2+1.1

-8.5-2.2

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

9,40536, 2281,318

722

702, 196

57, 583677, 74115, 412

9, 969, 246

1, 164, 8818, 648, 262

2, 283, 2041, 516, 116

14, 029, 428

1, 649, 1354 363, 016

4 1, 700, 534

1, 190, 448800, 940

337, 17727,317

155, 64774,58258, 266

13, 8134 229, 0324 627, 641

1, 122, 931340, 449

17, 26082, 256

1926

11, 36840, 7161,752

819

694, 264

55, 342709, 90217, 415

11,143,566

1, 643, 8769, 808, 050

2, 359, 6021, 482, 600

13,922,454

1, 788, 962* 320, 396

4 1,703,921

1,248,492877, 296

345, 09142,033

140, 67681,90055, 787

Per ct.in-

crease(+)

or de-crease(-)

cumu-lative

1926from1925

+20.9+12.4+32.9+13.4

—1.1

-3.9+4.7

+]3.0

+11.8

+41.1+13.4

+3.3-2.2

-0.8

+8.5+11.7+1.2

+4.6+9.5

+2.3+53.9-9.6+9.8-4.3

|

12, 3674 215, 358< 692, 9001,123,382

221, 619

12, 68393,945

-10. o-6.0-9.4+0.0

-34.9

-26.5+14.2

3 Revised. 4 Ten months' cumulative, ending Oct. 31.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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32

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

HIDES AND LEATHER— Continued

Leather ProductsBelting sales:

Quantity - -- - pounds--Value thous. of dolls..

Boots and shoes:Production thous. of pairs__Exports thous. of pairs..Wholesale prices-

Men's black calfblucher, Mass dolls, per pair..

Men's dress welt, tancalf, St. Louis dolls, per pair..

Women's black kid, dresswelt, lace, oxford dolls, per pair..

Gloves:Glove leather-

Production number of skins —Stocks (tanned)—

In process number of skins..Fin ished number of skins . .

Gloves, cut-Total dozen pairs. _Dress and street-

Imported leather dozen pairs..Domestic leather dozen pairs..

Work gloves dozen pairs..

RUBBERCrude:

World shipments, plantation long tons-Imports (including latex) -long tons-Stocks, end of month-

Plantation, afloat long tons—Consumption by tire mfrs thous. of Ibs.Wholesale price, Para, N. Y_ .dolls, per lb—

Tires and Tubes

Pneumatic tires:Production thousands-

Shipments, domestic thousands-Inner tubes:

Production -— thousands-Stocks end of month thousands. _Shipments, domestic thousands. .

Solid tires:Production thousands. _Stocks, end of month thousands--Shipments domestic thousands _

Other Rubber Products

Rubber-proofed fabrics:Production-

Total thous. of yds..Auto fabrics thous. of yds._Clothing fabrics.. thous. of yds..

Rubber heels:Production. _ thous. of pairs..Shipments—

To shoe manufacturers.thous. of pairs..To repair trade thous. of pairs

Stocks end of month _ _ .thous. of pairs..

PAPER AND PRINTING

Wood PulpMechanical:

Production short tons..Consumption and shipments... short tons..Stocks end of month short tonsImports short tons..

Chemical:Production short tons—Consumption and shipments... short tons..Stocks end of month .short tons..Imports short tons..Price sulphite dolls, per 100 Ibs

Newsprint PaperProduction:

United States . short tonsCanada ..short tons..

Consumption by publishers short tonsShipments:

United States short tons..Canada short tons__

Imports short tonsExports:

United States short tonsCanada short tons..

1926

July

327, 855564

25, 052533

6.40

4.85

4.00

499, 912

1,482,470510, 898

183, 562

49, 32730, 792

103,443

47,31035, 821

69,70042, 189

.335

3,7127,9774,682

4,29712, 9496,381

3015240

2,458999954

11, 109

8,6516,370

51, 699

130, 177147, 005224, 94821, 645

217, 150213, 55045, 710

129, 2372.95

140, 516163, 037147, 584

142, 690161, 824153, 865

1,902150, 778

August

396,991672

29,646357

6.40

4.85

4.00

529, 823

1,614,077538,066

224,583

56,22434,590

133, 769

3 53, 38027, 399

72, 10049,841

.337

4,4047,2994,973

5,56811, 6967,114

3814745

2,940913

1,533

14, 490

9,6077,911

49, 573

3 123, 4383 149, 5153 198, 782

26, 757

3 215, 0983 223, 522

3 45, 566131, 769

2.75

139, 259162, 545151, 144

136, 564160, 031161, 063

1,206149, 935

Septem-ber

371, 597625

3 31, 673426

6.40

4.85

4.00

585,394

1,600,976527, 476

218, 191

56, 40633,905

127,880

57,06837, 112

67,40048, 168

.340

4,2796,9884,452

5,69311,4845,755

3613744

3,964804

2,652

16, 349

9,7859,429

45, 483

3 135, 0033 147, 0253 186, 760

31, 771

3 211, 8523 219, 788344,012104, 964

2.75

136, 167161, 387163, 089

137, 259162, 740139, 720

1,413143, 524

October

352, 255593

31,613407

6.40

4.85

4.00

604,271

1, 602, 217519, 327

229, 798

56, 08734,837

138, 874

29, 334

.333

3,8177,4933,334

4,83612,4004,013

4415750

962

3 167, 5973 162, 8123 193, 040

39, 123

3 225, 8223 237, 560

« 36, 130121, 806

2.75

143, 1483 168, 500

186, 860

146, 4113 168,821

172, 603

1,403159, 509

Novem-ber

287,351495

546

6.40

4.85

4.00

39, 155

.286

772

160,380153, 326199, 64826, 712

224,006222, 49041, 696

123, 5822.75

140, 427164, 798

141,042167, 135169, 577

1,256153, 709

1925

October

363, 709626

31, 055515

6.40

5.15

4.15

560, 730

1,287,706328,282

219, 133

47,85328, 457

142,823

46,83034, 651

63, 57042, 211

.773

3,3795,0034,088

4,9596,5455,764

4512755

3,3531,3031,506

21,853

12,3387,137

38, 675

139, 417151, 469201, 21232, 812

221, 270224, 08242, 470

117, 3882.73

135, 662137, 670167, 515

142, 641139, 051145,088

1,784124, 529

Novem-ber

310, 542543

24,630557

6.40

5.15

4.15

576, 743

1, 353, 367324, 050

196, 957

40, 73927, 503

128, 715

50, 32737, 755

67,10038, 876

.853

3,1725,2162,667

4,6997,1193,982

4211947

2,191571959

17,233

10, 2825,987

37, 611

141, 786148, 155194, 40035, 105

210, 724210, 54442, 660

110, 3282.80

130, 539132, 332163, 935

133, 636132, 127124, 681

2,947122, 486

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

-18.4-16.5

+34.2

0.0

0.0

0.0

+33.5

-14.1

-19.8

-4.3-5.8+3.4

-31.7

-0.8—6. 3

+15.4+1.5

0.0

-1.9-2.2

-3.7-1.0-1.8

-10.5-3.6

Nov.,1926,fromNov.,1925

-7.5-8.8

-2.0

0.0

-5.8

-3.6

+3.7

-66.5

+35.2

+13.1+3.5+2.7

-23.9

+6.3+5.6-2.3

+12.0-1.8

+7.6+24.5

+5.5+26.5+36.0

-57.4+25. 5 i

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

4,026,3976,907

* 274, 5186,047

1926

3,923,4736,678

4 272, 2915,209

;

* 5, 221, 915 < 6, 517, 869

1

* 2, 032, 234

< 419, 170* 310, 202

4 1, 297, 971

356, 903

7,279

4 2, 123, 799

< 510, 7184 335, 924

4 1, 277, 971

375, 446

7,834

1, 557, 5031, 573, 200

299, 400

2, 260, 9082, 264, 660

1, 221, 882

1, 393, 6371, 385, 234

< 1,450, 729

1, 396, 6271, 384, 9851, 326, 160

20, 7961,264,515

1, 697, 8361, 690, 651

279, 768

2, 427, 4522, 457, 812

1, 281, 284

1, 543, 6001,714,020 !

< 1,635, 520

1, 542, 6941, 712, 8241, 681, 180

18,419 i1,575,558 '

Per ct.in-

crease(-yor de-crease(-)

cumu-lative

1926from1925

-2.6-3.3

-0.8-13.9

+24.8

+4.5

+21.8+8.3-1.6

+5.2

+7.6

+9.0+7.5

-6.6

+7.4+8.5

+4.9

+10.8+23.7+12.7

+10.5+23.7+26.7

-11.4+24.6

3 Revised. < Ten months' cumulative, ending Oct. 31.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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33

TREND OF BUSINESS MOVEMENTS—Continued

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

PAPER AND FEINTING— Continued

Newsprint Paper— Continued

Stocks, end of month:At mills-

United States short tons..Canada . short tons

At publishers , _ short tons _In transit to publishers. ..short tons..

Price, roll, f. o. b. mill. . dolls, per 100 Ibs

Printing

Book publication:American manufacture.. no. of titles..Imported no of titles

Sales books:New orders thous. of booksShipments thous. of books

Printing activity weighted index number _ _

Box BoardOperation inch hoursProduction tonsOrders received.. _ . _ tonsOperation . per ct. of capacityUnfilled orders, end of month _ tonsConsumption of waste paper tonsShipments tonsStocks, end of month tonsStocks of waste paper, end of month:

On hand.. .. • tonsIn transit and unshipped purchases. _ tons. .

Other Paper

Book paper, total:Production short tons..Stocks, end of month _ short tons

Coated book paper:Production per ct. of normalShipments... per ct. of normal production..Orders _ per ct. of normal productionUnfilled orders, end of month days..

Uncoated book paper:Production per ct. of normal.Shiprnents___per ct. of normal production..Orders . per ct. of normal productionUnfilled orders, end of month days..

Wrapping paper:ProductionStocks end of month _ _ short tons

Fine paper:Production .short tonsStocks end of month short tons

All other grades:Production short tonsStocks end of month short tons

Total paper (inc. newsprint and boxboard) :Production short tonsStocks end of month short tons

Paperboard Shipping Boxes

Production:Total. .thous. of sq. f t_.Corrugated thous. of sq. ftSolid fiber thous. of sq. ft..

Operating activity:Total per cent of normalCorrugated per cent of normalSolid fiber per cent of nromal

Other Paper Products

Rope paper sacks, shipments.. .index number..Abrasive paper and cloth:

Domestic sales _ .reamsForeign sales reams..

Labels orders per ct of capacity

BUILDING CONSTRUCTION ANDHOUSING

Rental advertisements:M inneapolis , M inn number . _Portland, Oreg. . . . .number.

Real estate conveyances (41 cities) number..

Building Costs (Index Numbers)

Building materials:Frame house, 6-room, 1st of monthBrick house, 6-room, 1st of month

1936

July

16, 52412. 963

152, 29531,811

3.50

606108

11,6389,578

91

8,468,983204, 848215, 790

106.1121, 970196, 250203, 25756,401

142, 81360, 391

100, 60764, 524

8384816

88879113

84,14267, 642

36, 48952, 104

98, 00681, 963

664, 6083339,158

403, 386316,03987, 347

777875

127

77, 75612, 277101.9

3,7931,143

160, 732

197197

August

19, 09815, 624

165, 22936, 316

3.50

587135

13, 28812, 625

94

8, 733, 579222, 245207, 230

106.9109, 245216, 017220, 79057, 303

192, 63556, 685

108, 65667, 750

8781899

94919213

92, 54666, 211

36, 48853, 528

97, 52577, 675

3 696, 7193 241, 565

441, 593348, 83592, 758

828379

138

94, 91110, 549

74.1

8,9321,348

151,418

196196

Septem-ber ,

18, 02614, 684

170, 54336, 863

3.50

805135

12, 68212, 096

101

9, 097, 544225, 103215, 102

95.8100, 765206, 593223, 58159, 915

116, 32970,311

110,82967, 073

9089859

96958812

3 90, 4323 64, 404

36, 75153,843

3 103, 1743 75, 215

3 702, 4563 338, 516

441, 372354, 79886, 574

818376

137

93, 80410, 896

65.4

8,1691,421

146, 717

194193

October

14, 6333 14, 942161,91743, 359

3.50

920187

11, 71912, 814

105

9, 443, 534222, 286220, 817

95.691,912

211,854229, 671

52, 940

139, 47860, 347

113,04662, 378

9294858

991009913

395,3843 67, 914

37, 75651, 609

3 109, 9033 68, 908

721, 523318, 382

476, 543386, 10490,439

878981

133

89, 80213, 123

68.9

7,2731,456

158, 217

192192

Novem-ber

13, 59212, 571

3.50

737174

11, 09112, 386

8, 313, 302213, 700185, 775

87.570, 055

196, 896207, 58258, 383

147, 27648, 647

115,30761, 130

8988797

92, 12567, 170

38, 11352, 959

105, 51167, 789

704, 553321, 023

431, 378353, 30778, 071

808272

123

72, 74815, 903

4,7381,172

144, 942

192192

1925

October

20, 44621, 423

144, 33333, 261

3.70

977157

13, 49612, 654

107

8, 438, 784204,492207, 178

100.9101, 981190, 779213, 01946, 054

168, 50548, 911

111,03664, 705

7780777

94939411

99, 91686, 495

41, 23549, 923

107, 89161, 551

700, 232329, 174

422, 548341, 38481, 164

889081

138

102, 05814, 034

84.6

7,0791,429

165, 375

194195

Novem-ber

17, 41821, 563

131, 23634, 635

3.70

668126

11, 69112, 172

99

7, 923, 058193, 140195, 142

99.3103, 304182, 176193, 84744,541

166, 28946, 928

105,48463,411

8082756

94938911

88, 35681, 037

37, 04550, 259

96, 04161, 126

650, 605317, 792

409, 411332, 11277, 299

868880

101

76, 87714,836

67.8

5,1361,336

149, 204

195196

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

-7.1-15.9

0.0

-19.9-7.0

-5.4-3.3

-12.0-3.9

-15.98 5

-23.8-7.1-9.6

+10.3

+5.6-19.4

+2.0-2.0

-3.3-6.4-7.1

-12.5

-3.4-1.1

+0.9+2.6

-4.0-1.6

-2.4+0.8

-9.5-8.5

-13.7

-8.0-7.9

-11.1

-7.5

-19.0+21.2

-34.9-19.5-8.4

0.00.0

Nov.,1926,fromNov.,1925

-22.0-41.7

-5.4

+10. 3+38.1

-5.1+1.8

+4.9+10.6-4.8

-11.9-32.2+8.1+7.1

+31.1

-11.4+3.7

+9.3-3.6

+11.3+7.3+5.3

+16.7

+4.3-17.1

+2.9+5.4

+9.9+10.9

+8.3+1.0

+5.4+6.4+1.0

-7.0-6.8

-10.0

+21.8

-5.4+7.2

-7.7-12.3-2.9

-1.5-2.0

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1935

7,5121,479

133, 592130, 712

87, 115, 1662, 085, 5542, 092, 579

1, 977, 4772, 089, 971

1, 176, 864

997, 134

410, 663

1, 105, 991

7, 169, 846

3, 859, 6753, 018, 422

847, 193

971, 071132, 185

58, 11313, 599

1, 684, 008

1926

7,5341,550

132, 713131, 058

94, 332, 3622, 322, 4062,282,339

2,196,4222, 311, 752

1,228,567

985, 505

423, 461

1, 137, 222

7, 640, 741

4, 498, 7003, 570, 347

928,353

955, 321148, 294

58, 54114, 337

1, 704, 734

Per ct.in-

crease(1?or de-

crease(-)

cumu-lative1926from1925

+0.3+4.8

-0.7+0. 3

+8.3-+11.4+9.1

+11.1+10. 6

+4.4

-1.2

+3.1

+2.8

+6.6

+16.6+18.3+9.6

-1.6+12.2

+0.7+5.4+1.2

s Revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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34

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

BUILDING CONSTRUCTION ANDHOUSING— Continued

Building Costs— Continued

Concrete factory costs (Aberthaw), 1st of fol-lowing month _

Building costs (Engineering News Record),1st of following month

Construction index:Frame index numberBrick, wood frame _ index number..Brick , steel frame index number . .Reinforced concrete index number. _

Building Contracts and Losses

Contracts awarded (36 States):Commercial buildings thous. of sq. ft_.Industrial buildings thous. of sq. ft_.Residential buildings thous. of sq. ft_.Educational buildings thous. of sq. ft..Other public and semi-

public buildings . thous. of sq. ft..Grand total thous. of sq. ft..

-Contracts awarded, value (36 States) :Commercial buildings thous. of dollsIndustrial buildings thous. of dolls..Residential buildings thous. of dollsEducational buildings thous. of dolls..Other public and semi-

public buildings thous. of dolls..Public works and utilities.. thous. of dolls..

Grand total thous. of dolls..Contracts awarded, Canada thous. of dolls..Fire losses:

United States and Canada.. thous. of dolls..

LUMBER PRODUCTS

Softwood Lumber

Southern pine:Production (computed) M ft. b. m._Shipments (computed) M ft. b. m__Orders (computed) ..M ft. b. mStocks, end of mo. (computed). M ft. b. m_.Exports, lumber ..M ft. b. mExports, timber M ft. b. m__Price, flooring dolls per M ft. b. m _

Douglas fir:Production . M ft. b. m__Shipments (computed) M ft. b, m__New orders M ft. b. m .Exports, lumber M ft. b. m_.

Price, No. Icommon.dolls. per M ft. b. m_.Price, flooring, 1 x 4, "B" and

better, V. G.<* M ft. b. m._California redwood:

Production (computed) M ft. b. m..Shipments (computed) M ft. b. m_.Orders received (computed). _.M ft. b. m..

California white pine:Production M ft. b. m..Shipments M ft. b. m .Stocks, end of month M ft. b. m..

Western pine:Production (computed) M ft. b. m..Shipments (computed) M ft. b. m_.Stocks, end of mo. (computed). M ft. b. m..

North Carolina pine:Production (computed) M ft. b. m..Shipments (computed) M ft. b. m_.

Northern pine:Lumber-

Production M ft. b. m..Shipments . M ft. b. mOrders received M ft. b. m..

Lath-Production ._ M ft. b. m__Shipments M ft. b. m..

Northern hemlock:Production M ft. b. m..Shipments M ft. b. m..

Hardwood Lumber

Walnut lumber:Production ... .M ft. b. mShipments M ft. b. m._Stocks, end of month M ft. b. m__

1926

July

198

208

203213197200

10,7049,209

34, 9995,876

4,90166,004

65,34759,703

177, 64640,874

48, 374109,436501, 38033, 865

31,723

449, 794471,819460, 685

1, 070, 17944, 790

8543.17

491,965508,975532,25344, 53136,06516.97

39.27

30, 76237, 70234, 135

154,409123, 414606,335

175, 363172, 648

1, 180, 321

46, 34749,490

51, 54956,49046,783

15,94413, 422

19,90521, 738

2,1343,057

15,463

August

197

208

203213198200

12, 4386,918

39, 8295,196

7,20772, 220

78,23664,049

213, 62440,906

58, 153119,078574,04631, 696

27,833

446, 163467, 317499,991

1,055,40846, 141

11742.89

515,690526,434481, 22153, 82258,74716.55

38.50

47, 44849, 41845, 978

171, 168127, 671659, 098

175, 005186, 740

1, 165, 752

48,88847,033

45, 52849,89050,389

13, 12716,942

21, 58223, 027

2,6103,022

15,046

Septem-ber

197

210

203213197200

14, 1716,290

40, 1834,588

6,30371, 897

95, 35248,836

219, 91032,953

56,82590, 652

544,52820,760

19, 309

448, 293458,749445, 502

1, 052, 00041,951

7142.88

525,091512, 556528, 22467,38050,98316.49

38.23

35, 74933, 63933, 516

160, 740126, 708679, 154

157, 977175, 618

1, 154, 950

48, 52447,670

40, 85948, 32346,204

10,0299,846

23, 21922, 109

2,6402,806

13,930

October

197

211

204213198201

11, 1416,613

41, 8143,404

5,76869, 316

61, 21945, 740

218,98223,076

49, 837100, 512499,36643, 384

14, 877

441, 419457, 297431, 254

1,045,68849, 122

543.54

564,036517,928511,66125, 13732, 70817.16

37.91

40, 46339, 74249,886

138, 768109, 915659, 171

3 153, 7163162,282

31,150,089

53,71154,019

52, 29650, 39641, 460

13,0509,796

15, 02419,500

2,3203,688

12,503

Novem-ber

197

211

204213198200

9,6166,613

41, 6914,562

5,18168,049

56, 40364,552

223,30533, 535

46,78249, 122

473, 70034, 972

26, 724

427,430426, 171362, 275

1,065,53847, 531

43.02

503, 603457,943512, 55663,80156,04216.23

37.41

49,90647, 11646, 259

100,88591, 472

674, 249

128,166132,068

1, 145, 444

25,64939, 45224,677

5,7294,342

2,3783,310

11,591

1935

October

194

206

201210199201

12, 2287,231

52, 2383,937

5,41882, 577

55, 91263,316

262, 72628,192

43, 37666,007

519, 52829,648

23,991

484,840496,022511, 706

1, 199, 32848,9329,34347.41

600,295600,743549,26461,45734,01416.50

41.45

44,08936,64138,328

164, 357145, 665659, 855

175, 843140,480

1, 071, 835

62, 53851, 352

38,49155, 48549,856

9,2849,881

28,50021, 622

3,2433,066

20, 858

Novem-ber

194

206

204212199201

11, 4217,758

50, 3093,157

4,07077,871

61, 33653, 309

240, 28022,048

30,67557, 035

464, 68346,973

30, 320

423,026469, 155494,812

1, 152, 74360, 2328,10248.27

584, 180526,881621, 78238,68325, 67816.50

40.59

36, 89738, 21637, 103

118, 200111, 359644,318

146, 362114,009

1, 102, 368

58,24051,100

15, 28643,90836, 018

4,1186,735

21, 19818, 070

2,9793,813

20, 024

PER CENT IN-CREASE (+) ORDECREASE (-)

Nov.,1926,fromOct.,1926

0.0

0.0

0.00.00.0

-0.5

-13.70.0

-0.3+34.0

-10.2-1.8

7 9+41.1+2.0

+45.3

-6.1-51.1-5.1

-19.4

+79.6

-3.2-6.8

-16.0+1.9-3.2

+40.0-1.2

-10.7-11.6+0.2

+153. 8+71.3

—5.4

-1.3

+23.3+18.6-7.3

-27.316 8

+2.3

-16.6-18.6-0.4

-51.0-21.7-40.5

-56.1-55.7

+2.5-10.2-7.3

Nov.,1926,fromNov.,1925

+1.5

+2.4

0.0+0.5-0.5-0.5

-15.8-14.8-17.1+44.5

+27.3-12.6

8 0+21.1

7 1+52.1

+52.5-13.9+1.9

-25.5

-11.9

+1.0-9.2

-26.8-7.6

-21.1+99.1-10.9

-13.8-13.1-17.6+64.9

+118.2-1.6

-7.8

+35.3+23.3+24.7

-14.617 9

+4.6

-12.4+15.8+3.9

+67.8-10.1-31.5

+39.1-35.5

-20.2-13.2-42.1

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

137, 67462, 274

492, 23155,294

65,413824, 602

767, 903433,409

2, 421, 927381, 559

512,757793,318

5, 311, 372285,298

330, 226

5,231,2015,209,9465,274,862

640, 506144,372

6,001,1646, 128, 2956, 165, 001

530,062297, 235

472, 712427, 194415, 864

1,320,5201, 177, 957

1, 696, 6891, 535, 540

4 547, 323* 519, 519

523, 591506, 331456, 725

136,065109, 716

4 206, 1684 182, 642

41,72937,493

1926

i

131, 64072, 849

461, 89549, 396

60, 561781, 404

792,468603,967

2, 379, 844345,148

516,806944, 656

5,582,887359, 221

349, 252

4,937,4195,085,8845, Oil, 788

522,88619,729

5,902,2345, 952, 8156,035,631

647, 325509,322

477, 057445, 936476, 439

1, 403, 3801, 273, 692

1,643,4871, 671, 141

M94,844* 494, 179

460, 551500, 039467, 774

119, 952124, 147

4 180, 6234 197, 925

,30,16236, 140

Per ct.in-

crease

<•#or de-crease(-)

cumu-lative

1926from1925

-4.4+17.0-6.2

-10.7

-7.4-5.2

+3.2+39.47

-9.5

+0.8+19.0+5.1

+25.9

+5.8

-5.6-2.4-5.0

-18.4-86.3

-1.6-2.9-2.1

+22.1+71.4

+0.9+4.4

+14.6

+6.3+8.1

-3.1+8.8

-9.64.9

-12.0-1.2+2.4

-11.8+13.2

-12.4+8.4

-27.7-3.6

3 Revised. 4 Ten months' cumulative, ending Oct. 31. * See table on p. 16 of November, 1926, issue for earlier data,

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 37: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

35

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August , 1926, "Survey"

LUMBER PRODUCTS-Continued

Hardwood Lumber— Continued

Walnut logs:Purchased M ft. log measureMade into lumber and

veneer _ M ft. log measureStocks, end of month... M ft. log measure..

All hardwoods:Production (computed) M ft. b. m__Shipments (computed) M ft. b. m._Orders (computed) _ _ M ft. b. mTotal stocks-

Total hardwoods.. M ft. b. mGum M ft. b. m_.Oak M ft. b. m..

Unsold stocks-Total hardwoods.. M ft. b. mGum M ft. b. m_.Oak M ft. b. m__

Unfilled orders-Total hardwoods M ft. b. m..Gum... . . . M ft. b. mOak M ft. b. m..

Total Lumber

Production, 10 species M ft. b. m..Exports, planks, joists, etc M ft. b. m..Retail yards, Minneapolis district:

Sales M ft. b. m__Stocks, end of month M ft. b. m..

Composite lumber prices:Hardwoods dolls, per M ft. b. mSoftwoods dolls, per M ft. b. m

FlooringMaple flooring:

Production M ft. b. m__Shipments M ft. b. mStocks, end of month M ft. b. mOrders booked M ft. b. m__Unfilled orders, end of month. _M ft. b. m__

Oakfflooring:Production _ _ _ M ft. b. mShipments M ft. b. m..Stocks, end of month M ft. b. mOrders booked M ft. b. m__Unfilled orders, end of month. _M ft. b. m__

Wooden FurnitureHousehold furniture and case goods:

Shipments dolls., average per firm..r "Unfilled orders dolls., average per firm..Grand Rapids district:

Shipments No. of days' productionNew orders No. of days' productionUnfilled orders, end of

month No. of days' productionOutstanding accounts, end of

month. .. No. of days' salesCancellations per cent of new orders..

Piano benches and stools:New orders dollars..Unfilled orders, end of month dollars..Shipments-

Value dollars..Quantity pieces..

Plywood and VeneerPlywood:

Bookings thous. of sq. ft. of surface..Shipments thous. of sq. ft. of surface-Unfilled orders, end of

month . . .thous. of sq. ft. of surfaceRotary-cut veneer:

Purchases number of carloadsReceipts.. _ ..number of carloads

Barrel HeadingsCircled headings for wooden barrels:

Production (rough) sets..Shipments (finished) sets. .Sales (finished) sets .Unfilled orders, end of month.. sets..Stocks on hand, end of month sets..

STONE, CLAY, AND GLASSPRODUCTS

Clay ProductsFace brick, averages per plant:

Production thousands. _Shipments thousandsStocks, end of month thousandsUnfilled orders, end of month. .thousands..

1926

July

2,399

2,1683,193

94,00091,00092,000

819, 196232, 729269, 228

641, 713166, 894210,390

206, 58473, 19167, 198

2,443,684142,895

20, 611109,909

39.9530.21

8,32910,41428,5578,9638,753

44,78946, 25956, 45047,54539,260

40,33168, 891

2642

72

465.097

8,2312,511

7,6049,979

3,6963,406

4,437

227172

997, 792814,754847,249

1,832,2832, 578, 671

859823

2,0401,147

August

2,361

2,4393,093

94,00097,00093,000

824, 661223,865273,426

642, 551165, Oil215,312

207, 76870, 27963,942

2,413,655156,875

20,268109,822

39.9529.93

11,31613, 91131, 54611, 1559,987

46, 39647,75654, 32549,75643, 329

54,21874,240

2927

68

557.0100

10, 1013,408

9,01711, 875

3,8243,456

4,708

248172

1,213,395916,242653, 905

1, 711, 7473,070,079

855780

2,011985

Septem-ber

1,991

2,6192,237

94,00093,000

105, 000

893, 104222,502301,830

685,439163, 108230, 752

233, 18969,82276, 661

2,491,833163, 301

16,483102, 183

40.9629.90

12,03413, 19431, 1319,7209,606

47, 20147,27053, 46941, 77739, 237

63,26678,590

3134

65

607.5100

15,5246,651

12,06116,600

4,1213,893

4,672

220251

1,403,392895, 528

1, 293, 2732, 184, 0843,545,455

793722

2,132979

October

1,833

2,1431,941

93,000101, 000100, 000

884, 608224,008301, 135

673, 856164,309227,982

242, 25473, 18482, 185

2, 420, 000121, 116

20, 66494,830

40.9330.28

11, 61611, 96131, 3147,1158,580

45, 05642,85955,27337, 76735, 578

63,56072,215

3133

62

6113.5102

16,8918,649

14,71618,709

3,8823,786

4,807

111184

862, 800965,924

1, 159, 3142,753,2792, 993, 355

753861

2,084863

Novem-ber

2,273

2,3351,754

90,00091,00092,000

897,818231, 160308, 099

690, 785168,703235,911

239,05976,79079, 739

2,276,849164,263

14,80088,796

41.1529.98

12, 1529,765

33, 6196,1717,350

40,02934, 50160, 14533,82732, 603

13, 5576,663

15,53320,474

231214

752, 557697, 679534, 616

2, 577, 3033,069,088

716542

2,104741

1925

October

1,842

2,3783,930

73,00093,00098,000

783,401226, 808243,417

619, 997170,786193, 980

188,40067, 14355, 712

2,835,311170, 376

3 21, 8593 104, 849

40.5430.35

10, 7209,439

23,7287,9168,219

49,49849, 68639, 92140,09744,793

60,85273,625

3332

68

599.0100

18,0037,042

17,55920,963

5,5124,832

7,518

233, 600835, 810617, 514

1, 388, 9712,730,882

823651

1,693903

Novem-ber

2,121

2,3614,000

65,00096,000

107,000

788,180225, 087249, 340 j

613, 814168, 829195, 297

207, 56172,35461, 572

2,476,262148,858

3 17, 75198, 345

41.6730.59

9,0847,445

25,0726,3407,829

41, 94739,27643,20441,59450,565

55, 68173,449

3234

68

5510.5101

15,9446,851

16,12119,474

4,9335,214

7,657

304, 274680, 200383, 603

1, 298, 8102, 151, 515

683504

1,713835

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

+24.0

+9.0-9.6

-3.2-9.9-8.0

+1.5+3.2+2.3

+2.5+2.7+3.5

-1.3+4.9-3.0

-5.9+35.6

-28.4-6.4

+0.5-1.0

+4.6-18.4+7.4

-13.3-14.3

-11.2-19.5+8.8

-10.48.4

-19.7-23.0

+5.6+9.4

+108.1+16.3

-12.8-27.8-53.9-6.4+2.5

-4.9-37.0+1.0

-14.1

Nov.,1926,fromNov.,1925

+7.2

-1.1-56.1

+38.5-5.2

-14.0

+13.9+2.7

+23.6

+12.5-0.1

+20.8

+15.2+6.1

+29.5

-8.1+10.3

-16.6-9.7

-1.2-2.0

+33.8+31.2+34.1-2.7-6.1

-4.6-12.2+39.2-18.7-35.5

-15.0-2.7

-3.6+5.1

+147. 3+2.6

+39.4+98.4+42.6

+4.8+7.5

+22.8-11.3

CUMULATIVE TOTALFROM JANUARY ITHROUGH NOVEM-BER 30

1925

33,068

32, 855

29,022,1821,738,874

196,374

95, 94794,276

91,568

475,793472,084

461,922

« 447, 703

133,837

129,974158,865

8,0817,509

1926

27,667

26,896

27, 359, 5921, 774, 483

175,781

108,084108,642

93,368

495,564472,575

447,736

« 507, 229

126,165

119,704148, 186

8,0517,669

Per ct.in-

crease(-yor de-crease(-)

cumulative1926from1925

-16.3

-18.1

-5.7+2.0

-10.5

+12.6+15.2

+2.0

+4.2+0.1

-3.1

+13.3

-5.7

-7.9-6.7

-0.4+2.1

3 Revised. «Ten months' cumulative, ending Oct. 31.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 38: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

36

TREND OF BUSINESS MOVEMENTS—Continued

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

STONE, CLAY, AND GLASSPRODUCTS— Continued

Clay Products— Continued

Common brick:Stocks, end of month-

Burned thousands..Unburned thousands..

Shipments .thousands _ _Unfilled orders, end of month.. 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 capac-

ity percent..Sand lime brick: *

Production thousands _ _Shipments by rail thousands. .Shipments by trucks ..thousands..Stocks end of month . thousands. _Unfilled orders, end of month.. thousands. .

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 sq. 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..

Portland CementProduction thous. of bbls..Shipments thous. of bbls..Stocks, end of month thous. of bbls..Wholesale price:

Chicago district dolls, per bbl_.Lehigh Valley -- dolls, per bbl__

Highways

Concrete paving contracts awarded:Total -. ..thous. of sq. yds_.Koads thous. of sq. yds. .

Federal aid highways:Completed —

Cost - thous. of dolls..Distance miles..

Under construction, end of month. __ miles..

Plate Glass

Production polished - thous. of sq. ft..

Glass ContainersActual production:

Quantity grossRelation to capacity - per cent..

Orders and contracts ..gross..Shipments - gross..Stocks end of month grossUnfilled orders, end of month" gross..

Illuminating GlasswareProduction:

Total number of turnsRatio to capacity per ct. of capacity..

New orders per ct of capacityShipments per ct. of capacity.Unfilled orders, end

of month number of weeks' supplyStocks, end mo .... .number of weeks' supply..

CHEMICALS AND OILSChemicals

Sulphuric acid:Exports thous. of lbs__Price wholesale, 66°, N. Y.dolls. per 100 Ibs..

Nitrate of soda, imports... long tons..Potash, imports long tons..Acid phosphate:

Production short tons..Consumption . . short tons..Stocks, end of month short tons..

1926

July

218, 34858, 652

140, 623234, 164

517.00

27,61137, 443

101, 24341,761

39278, 947

71

20, 8195,649

10, 9967,613

18, 526

278, 771280, 956491, 629525, 044

5,7165,4012,0488,725

17, 6132,165

17, 09618, 78617,210

1.651.75

10, 8565,663

13, 520605

11,100

10, 748

2,01671.0

1,9352,1175,1387,232

1,49425.036.334.5

1.83.8

1,154.75

23,36725,287

232, 39485, 115

1, 147, 998

August

249, 27159, 103

135, 090211, 141

417.00

30,48134, 80392, 47934, 2661,261

77, 149

78

17,4357,6909,8708,770

24, 200

381, 277276, 215580, 306515, 565

5,7085,8852,1968,473

12, 7341,491

16, 93618, 53615, 718

1.651.75

13, 2496,594

19, 275890

11, 147

11, 274

2,03871.7

1,6422,0225,1457,640

2,05029.842.836.9

1.93.5

598.75

55, 32527, 522 -

240, 185104, 645

1,280,187

Septem-ber

284,02167, 658

118, 537216, 289

1816.00

25, 38531,33082, 22024,663

12870, 350

66

15, 6266,6639,0949,877

18, 651

242, 589295, 886527, 009488, 023

5,3045,6252,0698,258

3 11, 5201,247

16, 57118,08714, 195

1.651.65

8,3783,736

15,222668

11,309

11,431

2,00972.2

2,2372,0885, 0547,672

3,19347.043.746.3

1.43.4

384.75

37, 09623,355

227, 112276, 584

1, 233, 428

October

286, 95258, 388

135, 824213,092

1615.50

23, 22426, 85270, 85720, 712

25562, 474

61

15, 2184,804

11, 2428,313

18, 225

3 159, 1903 265, 4243 420, 7753 514, 217

5,8075,2421,9878,386

3 15, 1511,579

16, 59617, 486

« 13, 334

1.651.65

7,5284,224

21,9481,090

11, 607

11, 186

2,32179.7

2,4211,9805,4087,958

260.75

47,50328, 341

3267,4753 145, 333

31,352,440

Novem-ber

12.25

18, 51620, 71163, 20712,8742,999

51, 606

53

413, 612214, 759619, 628541, 655

10, 6971,221

14, 19311, 29016, 237

1.651.65

5,5953,231

29, 7681,128

10,478

9,705

2,14372.3

2,5531,6935,8228,714

591.75

51,44834,411

276, 89892, 782

1,518,483

1925

October

306, 58886, 184

172, 542262, 534

1814. 75

28,93528,48299, 56719,0213, 262

51, 161

74

225, 287250, 803371, 753388, 643

5,3135,4702,0296,606

12, 3411,607

15, 99215, 30910,979

1.701.75

6,1353,711

12, 255535

12, 187

10, 714

2,20677.6

2,5101,9624,6697,301

4,84151.050.651.9

2.12.5

383.70

48, 58717,455

271, 486182, 524

1,147,900

Novem-ber

279, 18864, 090

144, 127239, 636

2114.75

23, 61117, 869

101, 91517, 746

36450, 669

60

301,821201, 192472,382.443, 594

5,1395,0131,7616,703

13, 8641,696

13, 65610, 18714, 534

1.651.75

3,4881,718

31, 8221,188

11,935

9,889

2,01279.7

2.5431,6485,0648,378

2,57146.147.347.3

2.16.5

408.70

73, 89219, 646

3 257, 9653 113, 143

31,317,618

PEE CENT IN-CREASE (+) OEDECEEASE (— )

Nov.,1926,fromOct.,1926

-21.0

-20.3-22.9-10.8.-37. 8

-17.4

-13.1

+159. 8-19.1+47.3+5.3

-29.4-22.7

-14.5-35.4+21.8

0.00.0

-25.7-23.5

+35.6+3.5-9.7

-13.2

-7.7-9.3+5.4

—14.5+7.7+9.5

+127.30.0

+8.3+21.4

+3.5-36.2+12.3

Nov.,1926,fromNov.,1925

-16.9

-21.6+15.9-38.0-27.5

-723. 9+1.8

-11.7

+37.0+6.7

+31.2+22.1

-22.8-28.0

+3.9+10.8+11.7

0.0-5.7

+60.4+88.1

-6.5-5.1

-12.2

-1.9

+6.5-9.3+0.4+2.7

+15.0+4.0

+44.9+7.1

-30.4+75.2

+7.3-18. C+15.2

CUMULATIVE TOTALFROM JANUARY 1THEOUGH NOVEM-BEE 30

1925

4 1,620, 377

312, 214244, 562

261,479

4 43, 4794 43, 6474 15, 710

153, 28618, 434

150, 489149, 807

98, 92461,447

200, 3599,255

135,265

107, 717

6,955

1,071,790234, 114

2,966,4663,304,017

1926

1,387, 779

257, 299251, 716

264, 624

* 54, 1074 50, 9284 18, 995

149, 26118, 105

153, 065155, 243

100,50657,616

198, 2168,493

120, 627

121,514

8,586

841, 326274,305

3,147,2363,317,228

Per ct.in-

crease("tfor de-

crease(-)

cumu-lative

1926from1925-

-14.4

-17.6+2.9

+1.2

+24.4+16.7+20.9

-2.6-1.8

+1.7+3.6

+1.6-6.2

-1.1-8.2

-10.8

+12.8

+23.5

-21.5+17.2

+6.1+0.4

a Revised. 4 Ten months' cumulative, ending Oct. 31. * See table on p. 15 of the December, 1926, issue for earlier data.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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37

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

CHEMICALS AND OILS— Continued

Chemicals— ContinuedFertilizer:

Consumption in SouthernStates . . . .short tons .

Exports long tonsDyes and dyestuffs, exports:

Vegetable thous. of lbs_.Coal-tar thous. of Ibs..

Price index numbers:Crude drugs index numberEssential oils index numberDrugs and pharmaceuticals.index number..Chemicals index numberOils and fats index number

Wood Chemicals

Acetate of lime:Production thous. of IbsShipments or use thous. of Ibs..Stocks, end of month thous. of Ibs..Exports thous. of Ibs..Price, wholesale dolls, percwt..

Methanol, crude:Production _ _ gallonsShipments or use gallonsStocks, producers', end of month.. gallons. -Purchased by refiner?.. gallons..Consumed by refiners gallonsStocks at refineries, end of month. .gallons..Exports. ...gallons.-Price wholesale, N. Y dolls, per gal..Canada-

Consumed. gallons..Stocks, end of month gallons..

Methanol , refined:United States-

Produced.. gallons..Stocks, end of month, at

refineries gallons..Canada-

Produced gallons..Stocks, end of month gallons ._

Wood at chemical plants:Consumption (carbonized) .cordsStocks, end of month cords..

Daily capacity, wood-chemical plants:Total in industry. cords-Reporting cordsShut down cords..

Ethyl Alcohol

Production thous of galsWithdrawn for denaturation thous. of gals..Warehouse stocks,end of month.thous. of gals..

Expfosives

(Black powder, permissibles, and other highexplosives)

Production thous. of Ibs..Shipments thous. of Ibs..Sales. _ ... thous. of IbsStocks, end of month 4 thous. of lbs_.

Naval StoresTurpentine:

Net receipts, southern ports barrels..Stocks, end of month —

At three ports barrels..At five ports barrels..At stills barrels..

Price, southern, in barrels,New York. .. dolls, per gal

Rosin:Net receipts, southern ports barrels..Stocks, end of month—

At three ports _. _. .barrels• At five ports barrels

At stills _ barrels..Price, common to good (B),

New York dolls, per bbl_.

RoofingRoofing felt:

Production, dry felt tonsStocks, end of month, dry felt tons..

1926

July

22, 97888, 622

2172,743

206167155114165

10, 60613, 85320, 1711,9093.25

497, 971750, 816987, 783665, 854880, 196297, 20219, 317

.56

33733, 827

685, 201

585, 301

None.58, 465

59, 021451, 006

4,5354,2301,230

17, 22514, 2677,335

34,66334, 97334,90916,070

43,122

44, 76249, 7989,126

.88

143, 415

132, 649144,32561, 997

13.35

25,0034.051

August

45,479113, 785

5582,449

206163155113157

11, 52013, 43218, 3422,9023.25

555, 023734, 432722, 698611, 402714, 658351, 40943, 350

.70

None.33, 651

560, 806

385, 765

None.42, 994

63,343449, 203

4,5354,230

830

16,97714,3908,914

38,02337, 17437,02116, 894

40,632

58, 92964, 17111, 471

.95

138, 124

131,636143, 50061, 892

14.61

23, 5473.636

Septem-ber

155, 92197, 701

1361,883

209155155114154

11, 14310,41316, 8951,3923.25

572, 397670, 578582, 885675, 671820, 504164, 36338, 779

.76

27, 68531, 853

663, 251

344, 629

26,70044, 303

62, 579437, 555

4,4594,051

678

20, 77617, 33810, 863

40, 74141, 09838, 34816, 488

34,918

57, 60162, 28112, 180

.92

118, 868

148,177158,03969,387

14.43

26, 9383.236

October

119, 16573, 384

1622,220

215148156114136

12, 70314,36815, 1391,1253.25

648, 522649, 172507, 282620, 792776, 430151, 32624, 977

.74

30, 22230, 293

585, 122

279, 781

29, 20040, 631

67, 145423, 212

4,4594,051

678

40, 67040, 95139,31116, 857

32,216

57,37063,73613, 069

.90

114, 120

158,210166, 70374, 445

13.86

27,6363.426

Novem-ber

79. 69373, 993

2092,672

211143156114134

3.38

564, 092725, 852144, 13629, 869

.75

38, 88418, 947

577, 718

235, 516

37,50043, 964

25, 885

63,65070, 78812,685

.89

107, 801

184, 405203, 74490, 163

13.08

22,0133.246

1935

October

117, 57287, 568

3341,718

195191158113158

12,58813, 89918,040

4262.75

3 613, 8863 845, 975

1, 500, 328681, 985907, 452

1, 064, 36519, 558

.58

12,10036, 606

673, 308

516, 437

11,50032, 443

3 66, 3363 603, 632

3 4, 6593 4, 388

1,095

21, 54121, 6247,411

33,04933, 41432, 59416, 309

26,367

48, 40458, 74914, 637

1.13

100, 264

181, 613202, 425112, 915

15.88

23, 9462.556

Novem-ber

56, 24865, 260

3061,840

191215157113156

13, 32412, 92619,4064,5713.00

676, 987782, 441

1, 422, 961597, 836810, 607858, 30110, 643

.58

40, 89533, 186

666, 641

498, 792

39,20040, 846

72, 088575, 805

4,6154,308

841

21, 23520, 6806,636

31, 63833, 12731, 18114, 958

18, 001

45,04657, 65021, 765

1.16

77, 491

196, 939221, 273121, 659

15.94

19,0433.488

PER CENT IN-CREASE (+) ORDECREASE (-)

Nov.,1926,fromOct.,1926

-33.1+0.8

-1-29.0+20.4

-1.9-3.4

0.00.0

-1.5

+4.0

-9.1-6.5-4.8

+19. 6+1.4

+28.7-37.5

-1.3

-15.8

+28.4+8.2

-19.7

+10.9+11.1-2.9

-1.1

-5.5

+16.6+22.2+21.1

-5.6

-20.3-5.3

Nov.,1926,fromNov.,1925

+41.7+13.4

-31.7+45.2

+10.5-33.5-0.6+0.9

-14.1

+12.7

-5.6-10.5-83.2

+180. 6+29.3

-5.1-42.7

-13.3

-52.6

-4.3+7.6

+43.8

+41.3+22.8-41.7

-23.3

+39.1

-6.4-7.9

-25.9

-17.9

+15.6-6.9

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

4, 965, 6191, 020, 962

3,47522, 797

»

4 123, 842U21,440

4 6, 258, 42746,458,317

335, 093

4 669, 545

4 345, 2834 347, 5544 333, 846

271, 715

990, 273

227, 191

1926

4,990,0181, 025, 735

2,42023, 708

4 122, 1884 118, 822

6, 180, 4546,801,087

6, 554, 8018, 496, 343

408, 561

269, 821

6, 366, 918

259, 280

< 672, 385

4359,0434 360, 6474 335, 509

274, 204

974, 264

258, 505

Per ct.in-

crease(+)

or de-crease(-)

cumu-lative1926from1925

+0.5+0.5

-30.4+4.0

-1.3-2.2

-1.2+5.3

+21.9

+0.4

+4.0+3.8+0.5

+0.9

-1.6

+13.8

3 Revised. 4 Ten months' cumulative, ending Oc t. 31.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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38

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

CHEMICALS AND OILS— Continued

Fats and Oils

Total vegetable oils:Exports thous. of Ibs...Imports . thous. of Ibs..

Animal glues, sales: •Total glue thous. of lbs._Bone glue . .. . thous. of Ibs...Hide glue thous. of Ibs..

Oleomargarine:Production thous. of Ibs..Ingredients consumed in production-

Cottonseed oil thous. of Ibs..Coconut oil thous. of lbs~

Consumption . thous. of lbs_.

Cottonseed

Cottonseed stocks, end of month tons..Cottonseed oil:

Stocks, end of month thous. of Ibs..Production thous. of Ibs..Price, yellow, prune,

New York dolls, per lb..

Flaiseed

Minneapolis and Duluth:Receipts . thous. of bushs..Shipments .... thous. of bushs..Stocks, end of month .thous. of bushs..

Linseed oil:Shipments from Minneapolis. thous. of Ibs..Price,/ New York dolls, per lb..

Linseed-oil cake: Shipments fromMinneapolis . thous. of lbs_ .

FOODSTUFFS

Wheat

Production, monthly estimate:Winter ._ thous. of bushsSpring . . ... ..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..

Canada —Wheat only . thous. of bushs..

No. 1, northern, Chicago.. dolls, per bush..No. 2, red winter, Chicago.dolls. per bush..

Wheat Flour

Grindings of wheat:United States (census) thous. of bushs..Canada thous of bushs

Production:United States, actual

(census) thous of bushsUnited States, prorated

(Russell) thous. of bblsCanada thous. oif bbls..

Production, grain offal thous. of Ibs..Capacity operated flour mills per centConsumption, wholesale,

(computed) thous. of bbls..Stocks, all positions, end of

month (computed) thous of bblsExports:

United States thous. of bbls. .Canada thous. of bbls..

Wholesale prices:Standard patents, Minne-

apolis dolls, per bblWinter straights, Kansas

City dolls, per bbl_.

Corn

Production, monthly estimate, thous. of bushs. .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..

1926

July

90474,001

6,0732,4623,612

16,445

1,3738,138

14,704

23, 576

8,40613, 856

.15

478362976

10,282.12

9,210

626,482212, 719

31,95930,47476,96029,013

16,08319, 652

16,306

1.531.44

43,9425,523

9,570

11, 1891,228

868,23157

9,237

7,660

793978

8.C8

6.81

2,576,9361,358

26,82113,74810, 7246,222

.80

August

54155,971

6,2222,3883,833

16,635

1,4056,190

17,294

70,667

10,04519,641

.13

1,029370579

11,904.12

12,632

626,000212, 109

66, 73919,43771, 59334,458

28,99535,485

9,541

1.421.37

47,6544,694

10,477

12, 3381,044

820, 79562

10, 257

8,300

1,442459

7.95

6.74

2, 697, 8721,158

22, 45511, 4828,2886,735

.81

Septem-ber

80155,095

6,4472,4064,041

20,232

1,7758,127

20,172

577,981

58, 158136, 470

.11

2,189907846

14,153.11

21, 799

626, 000213,336

81,78044,75448, 73124, 625

23,70030, 719

10, 575

1.391.36

49,3167,323

10,843

12,6811,634

844, 77367

10, 921

8,500

1,560612

7.73

6.68

2, 679, 9881,052

18,99913, 5247,2676,311

..80

October

2,68850,449

7,1302,7894,341

21,766

2,0918,895

21,766

1,146,792

104,778284, 229

.09

6,1441,6443,102

11, 669.11

30, 436

626,000213,336

77,71483,71937, 13724,427

17, 58923,821

30, 573

1.441.40

48, 55710,029

10,642

13, 0292,231

831,78063

11, 444

8,700

1,385963

7.94

6.94

2,693,9631,494

24,63728,39311,0017,057

.78

Novem-ber

5,33667,086

23,800

1,387,387

131, 034296, 197

.08

2,8111,6713,569

8,725.11

23, 808

626,000213.336

78,412119, 79029,75423,422

14,28020,277

43,947

1.391.38

1,3441,262

7.74

6.64

2, 693, 9632,208

32,21922,84712, 5635,924

.71

1925

October

8,18352,179

25,947

2,64110,20625, 612

1, 272, 981

92,315234, 566

.10

§,5152,5933,302

17, 769.13

33, 958

49,65176,23936,04524, 508

4,3548,910

41,896

1.551.64

49,79910, 181

10,728

13,1652,308

907,39061

12,655

7,900

1,0121,022

8.26

7.41

1,2922,209

12,8818,6937,037

.83

Novem-ber

9, 63559,634

26,275

2,32010,61224,974

1,367,395

3111,9653 235, 252

.10

3,5223,5542,488

14,676.13

35, 190

1 401, 7341 274, 695

49,774103, 58434, 12722,324

4,6968,621

34,840

1.611.71

42,4169,499

9,128

10, 8692,127

769,37356

10, 101

7,800

8721,210

8.54

7.61

12,916,9611,2103,077

18, 4567,6926,497

.84

PEE CENT IN-CREASE (+) OBDECREASE (— )

Nov.,1926,fromOct.,1926

+98.5+33.0

+9.3

+21.0

+25.1+4.2

-11.1

-54.2+1.6

+15.1

-25.2.00

-21.8

+0.9+43.1-19.9-4.1

-18.8-14.9

+43.7

-3.5-1.4

-3.0+31.0

-2.5

-4.3

+47.8+30.8-19.5+14.2-16.1

-9.0

Nov.,1926,fromNov.,1925

-44.6+12.7

-4.7

+1.5

+17.0+25.9

-20.0

-20.2-53.0+43.4

-40.5-15.4

-32.3

+57.5+15.6-12.8+4.9

+204.1+135. 2

+26.2

-13.7-19.3

+54.1+4.3

-9.4

-12.7

+82.5

+23.8+63.3-8.8

-15.5

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

59,106594,437

4 186, 418

* 19, 3374 70, 291208, 952

1,286,825

21,95311,177

150, 599

258,833

325,023232,739

88,706127,435

165,337

4429,4904 65, 986

4 85, 714

4 103, 548« 14, 700

* 6, 902, 250

< 93, 061

10, 1129,275

10,040

194,463123,00263,775

1926

36,858622,249

* 195, 221

* 19, 2824 77, 189216,978

1,481,007

15,8586,613

123,933

178, 236

367,836215,465

128,506176,703

205,150

* 409, 569* 68, 040

488,911

« 105, 317« 15, 161

4 7, 232, 343

494,217

10,7229,572

3,187

214, 638113,13170, 995

Perct.in-

crease(+)

or de-crease(-)

cumu-lative1926from1925

-37. 8+4.7

+4,7

-0.&+9.8+3.&

+15. 1

-27.8-40.8

-17.7

-31. 1

+13.0--7.4

+44.9"+38. 7

+24.1

-4.6-+3.1

+3.7

+1.7+3.1+4. a

+1.2

+6.0*+3.2

+130. 9*

+16. <>-8.0

+11.$

i Final estimate for 1925,3 Revised.4 Ten months' cumulative, ending Oct. 31

• See table on page 17 of the September, 1926, issue for earlier data./ See table on page 26 of the November, 1926, issue for earlier data.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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39

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

FOODSTUFFS— ContinuedOats

Production, monthly estimate -thous. of bushs..Eeceipts, principal

markets thous. of bushsVisible supply, end month thous. of bushs..Exports, including meal thous. of bushs..Prices, contract grades,

Chicago dolls, per bushQrindings, Canada thous. of bushsProduction, oatmeal and rolled

oats, Canada thous. of lbs_.

Other GrainsBarley:

Production, monthly est— thous. of bush__Receipts, principal

markets . -thous. of bush__Visible supply, end mo... -thous. of bush_.Exports thous. of bushPrice fair to good, malting,

Chicago dolls per bushRye:

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

Total GrainsTotal grain exports, incl. flour.thous. of bushs..; ~- BiceSouthern paddy, receipts at mills bbls__Shipments:H Total from mills pockets (100 Ibs.)—&" New Orleans pockets (100 Ibs.)..Stocks, end of month pockets (100 Ibs )Exports pockets (100 Ibs.)Imports . pockets (lOOlbs.).-

Other CropsApples:

Cold-storage holdings,end of month. . thous. of bbls..

Car-lot shiprrjp.nt cftr^Oft^SPotatoes, car-lot shipments carloadsOnions, car-lot shipments _ .carloads ..Citrus fruits, car-lot shipments carloads. .Hay, receipts tons

Cattle and Calves

Cattle movement, primary markets:Receipts ._ .. thousands..ShjpTnQpts, tntftl thousandsShipments, stocker and feeder— thousands..Local slaughter. _ thousands. .

Beef products:Inspected slaughter product.-thous. of Ibs..Apparent consumption thous. of IbsExports ". thous. of Ibs..Cold-storage holdings,

end of rnoTith thous of IbsPrices, Chicago:

Cattle, corn-fed dolls, per 100 IbsBeef, fresh native steers dolls, per lb_.Beef, steer rounds, No. 2 dolls, per Ib

Hogs and Pork

Hog movements, primary markets:Receipts thousands..Shipments, total. . thousandsShipments, stocker and feeder., thousands _.Local slaughter thousands..

Pork products, total:Inspected slaughter product..thous. of Ibs..Apparent consumption thous of IbsExports thous of IbsCold-storage holdings, total,

end of month thous of IbsFresh and cured in storage,

end of month thous of IbsLard (included in pork products) :

Production thous. of IbsExports thous. of Ibs..Cold-storage holdings,

end of month thous of IbsPrices:

Hogs, heavy, Chicago dolls, per 100 Ibs.Hams, smoked, Chicago dolls, per Ib.Lard, nrimp, rontrant. N. Y__ dolls, oer Ib

1926

July

1,311,159

9,24134, 4891,468

.42800

11, 224

191,088

1,4662,2991,386

.72

41,900

8028,6592,1951.04

26, 059

74,634

278, 87134, 528

767,62740,46488, 159

613,665

19,9141,5695,982

57,6i4

1,821658198

1,168

447,515495, 007

2,501

46,048

9.42.160.162

2,85498949

1,873

616, 289470, 70572,557

796,245

642, 673

133, 70245,879

153, 572

12.98.351.165

August

1, 263, 619

23,07842, 529

1,028

.40841

11,309

195,204

5,1503,5811,523

.65

41,900

2,0079,325

3181.01

39,512

259,953

310,412142, 589715, 63250,50468, 739

8?3,131

14,7752,5964,533

49, 157

1,997776252

1,171

461, 661465, 917

2,168

41, 697

8.98.160.170

2,8041,084

511,711

563, 719498,31587,944

774,319

623,086

114, 80354,273

151,233

11.85.329.156

Septem-ber

, 282, 414

16,78350,1941,762

.431,099

14,893

196, 762

6,9535,0082,663

.67

41,900

3,90011,0522,130

.97

38,326

1, 147, 507

717, 070132,495

1 217 60364,29043,002

1,20419, 27221,8463,6403,614

58, 240

2,3971,100

5211,290

540,945536,285

2,805

46, 250

10.19.163.170

2,8191,142

841,673

475, 867537,32093,835

619,909

514,351

97, 46661,577

105, 558

12.38.320.150

October

1,282,414

14,33349, 732

860

.471,036

14,068

196, 762

4,4454,823

939

.71

41,870

2,68812,594

1371.01

27, 251

1, 681, 130

1,034,736259, 205

1, 879, 502101, 70725, 957

7,10741,74534,9205,2654,521

70,100

2,6741,310

6931,356

545,988531,354

1,984

61, 198

9.89.170.162

3,2611,334

1291,933

479, 917546,80776,906

477,978

405, 623

92,96746,988

72,355

12.97.303.142

Novem-ber

, 282, 414

11, 30950,063

951

.45

196, 762

3,6684,9021,080

.71

41,870

2,25412, 751

162.96

24, 678

1, 252, 887

1 077 146307,692

2,196,817241, 67830, 372

10,49722,20018, 5102,8509,855

69, 539

2,461l,iA2

5701,326

512,357

2,190

86,104

9.39.170.145

3,5541,314

1262,222

568,835

72, 914

435, 916

389,090

106,26943,488

46,826

12.09.293.128

1925

October

18,91869,2164,744

.401,197

17, 782

6,4455,6423,043

.74

3,3049,290

127.84

18, 116

925,254

842,366186, 218751,68028, 24818,568

7,48941, 32432,5455,1572,639

76,687

2,7891,348

7171,450

569, 094563, 086

2,273

47,481

11.91.185.160

3,3901,323

452,081

563, 747592,23581, 321

429, 861

392, 605

104,28844, 745

37, 256

11.69.283.164

Novem-ber

1,487,550

14,09468,5842,443

.401,257

17,704

l 216, 554

4,7916,7052,493

.72

146,456

2,59810,533

62.86

14,829

1,130,866

834,604172, 564

1, 090, 57141, 66623,586

9,39819, 47815,9802,9689,229

84,068

2,2821,017

4891,232

451,396424, 809

1,749

73, 564

10.58.178.143

3,8441,524

612,300

606, 706541,73676,418

418,737

385,027

106,20639, 979

33,710

11.32.282.162

PER CENT IN-CREASE (+) ORDECREASE (-)

Nov.,1926,fromOct.,1926

-21.1-2.7

+10.6

-4.3

-17.5+1.6

+15.0

0.0

—16.1+1.2

+18.2-5.0

-9.4

-25.fi

+4.1+18.7+16.9

+137. 6+17.0

+47.7-46.8-47.0-45.9

+H8. 0-0.8

-7.0-15.1-17.7-2.2

-6.2

+10.4

+40.7

-5.10.0

-10.5

+9.0-1.5-2.3

+15.0

+18.5

-5.2

-8.8

-4.1

+14.2-7.4

-35.3

-6.8-3.3-9.9

Nov.,1926,fromNov.,1925

-19.8-27.0-61.1

+12.5

-23.4-26.9-56.7

-1.4

-13.2+21.1

+161.3-11.6

+66.4

+10.8

+29.1+78.3

+101.4+480. 0+28.8

+11.7+14.1+15.8-4.0+6.8

-17.3

+7.8+9.3

+16.6+7.6

+13.5

+25.2

+17.0

-il.2-4.5+1.4

-7.5-13.8

+106. 6-3.4

-6.2

-4.6

+4.1

+1.1

+0.1+8.7

+38.9

+6.8+3.9

-21.0

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

218, 567

34,837

«7,813

< 99, 219

61,835

27,619

27,622

28,804

234, 368

4, 263, 302

5,692,1711, 403, 118

584, 865608,510

103, 184223,89327,88778,236

785, 790

22,0128,6033,490

13,214

4,979,977< 4, 614, 220

24,534

39, 54914,648

45524,889

•6,548,727* 5, 191, 795

1,322,725617, 969

1926

151, 982

17, 926

< 8, 575

4114,241

38,952

12,203

19, 152

11,422

241,441

6,542,904

6,733,2301, 623, 127

779, 8081,131,898

116, 471213,48829,73084,558

728, 184

22,0288,6643,408

13, 213

5,673,0464 4, 769, 383

23, 372

35, 86213, 693

81222, 142

6, 549, 7274 5, 068, 680

1,339,504636,286

Per ct.in-

crease(t}

or de-crease(-)

cumu-lative1926from1925

-30.5

-48.5

+9.8

+15.1

-37.0

-55.8

-30.7

-60.3

+3.0

+53.6

+18.3+15.7

+33.3+86.0

+12.0-4.6+6.6+8.1-7.3

+0.1+0.7-2.3

0.0

+13.9+3.4-4.6

-9.3-6.5

+78.5-11.1

0.0-2.5

+1.3+3.0

1 Final estimate for 1925. * Ten months' cumulative, ending Oct. 31.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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40

TREND OF BUSINESS MOVEMENTS—Continued

Thefcumulatives shown are throughNovember except where otherwisenoted. Earlier data for ifems shown

- here may be found on pages 22 to 151of the August, 1926, "Survey"

FOODSTUFFS-ContinuedL

Sheep and Lambs

Sheep movement, primary markets:Receipts thousandsShipments, total . thousands..Shipments, stocker and feeder—thousands. .Local slaughter , thousands

Lamb and mutton:Inspected slaughter product- -thous. of lbs._Apparent consumption thous. of lbs_.Cold-storage holdings,

end of month thous. of lbs,_Prices:

Sheep, ewes, Chicago dolls, per 100 lbs_.Sheep, lambs, Chicago— .dolls, per 100 Ibs..

Miscellaneous Meats

Cold-storage holdings, end mo.. .thous. of Ibs..

Total Meats

Production, inspected slaughter.. thous. of Ibs..Cold-storage holdings, end mo thous. of Ibs..Apparent consumption thous. of Ibs..

Poultry

Receipts at five markets thous. of Ibs..Cold-storage holdings,

end of month thous. of lbs_.

Fish

Total catch, prin, fishing ports.. -thous. of lbs_.Cold-storage holdings, 15th of mo.thous. of lbs_.Canned salmon:

Shipments, United States casesExports, Canada cases

Butter

Receipts, 5 markets thous. of Ibs. _Cold-storage holdings, creamery,

end of month _ thous. of Ibs. _Apparent consumption . thous. of IbsWholesale price, 5 markets dolls, per lb_.

Cheese

Total, all varieties:Receipts, 5 markets thous. of Ibs..Apparent consumption thous. of Ibs. .Cold-storage holdings thous. of lbs_.Imports thous of IbsExports, United States thous. of lbs_.Exports, Canada thous. of lbs_.

American whole milk:Cold-storage holdings thous. of Ibs. _Wholesale price, 5 markets dolls, per lb._

Eggs

Receipts, 5 markets thous. of cases.Cold-storage holdings _. thous. of cases

MilkCondensed milk:

Manufacturers' total stocks —Case goods thous. of IbsBulk goods thous. of Ibs

Manufacturers' unsold stocks —Case goods thous. of IbsBulk 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. of Ibs .Wholesale price, New York. dolls, per case..

Powdered milk:Sales, less resales o_ thous. of Ibs !Manufactured total stocks. ..thous. of Ibs. .Exports ..thous. of Ibs. .

Fluid milk:Receipts-

Boston (includ. cream)... thous. of qts_.Greater New York thous. of cans

Production —Minneapolis, St. Paul thous of Ibs

Consumption in manufacture ofoleomargarine .thous. of Ibs. _

1926

July

1,739828260912

37, 93537, 786

1,813

5.8814.26

57,053

1, 101, 739747,587

1, 003, 498

20, 974

35, 793

29,56445, 606

581,07222, 708

68, 393

131, 152178, 825

.403

21, 97236,06090, 0535,087

30920, 681

73, 681.212

1,3859,845

37,28523, 310

31, 9319,1383,5375.87

181, 287

138, 4755,6234.33

5,83714,599

209

19, 8692,851

25, 229

4.690

August

2,2771,176

5671,058

40, 26040, 134

1,928

5.8713.95

58, 557

1, 065, 640725, 269

1,004,366

23, 164

38, 634

32,04357, 627

840, 065100, 321

50, 476

138, 151181, 506

.422

20,73536,54298, 4736,520

25419, 903

81,297.218

1,0839,573

40, 82123, 136

32, 5459,1482,1395.75

177, 323

132, 5315,6574.36

5,36314, 941

196

18, 0272,773

21, 771

4.651

Septem-ber

3,2792,1241,0811,147

45, 48545, 470

2,234

5.7713.78

56, 135

1, 062, 297618,970

1,119,076

24, 579

44, 771

24, 41464, 657

1, 237, 767130, 796

44, 761

125, 342173, 808

.446

18, 23143, 70595, 3857,449

32319, 343

77,646.231

9328,048

34, 10621, 478

26,7118,2033,0015.76

151, 687

115,7005,1914.45

5,03114, 146

289

17, 5702,681

19,070

5,991

October

3,0902,0991,150

999

43, 89243, 825

2,814

5.8113.28

52, 590

1, 069, 797522, 225

1, 121, 986

31, 105

64,842

23,76270,309

836,374245, 660

38, 166

100, 871167, 692

.462

19, 25245, 42389, 7859,722

25223, 449

72, 491.246

6995,888

27, 94518,427

23,0107,8582,5215.85

128, 235

104, 3854,6574.41

5,249

in

17, 7582,712

6.504

Novem-ber

1,917988493932

39, 737

3,165

5.7712.70

53,866

1, 120, 929532, 225

69,991

106, 993

19,92474,525

245,883

34, 180

64,377

.493

15, 954

81,00811, 102

34118, 601

63, 896.245

5813,215

2,9395.85

6,1154.42

4,426

213

1935

October

3,1982,2871,392

945

41, 70142, 287

1,435

6.4114.81

44,954

1,174,542486,475

1, 197, 608,

27, 507

53, 787

21, 18658,358

1, 100, 958216,615

43, 468

94, 916167, 629

.554

21,02949, 98090. 8666,819

35325,748

71, 913.252

7096,322

34, 7926,370

28, 4893,2104,5525.98

144, 324

108, 1855,7714.50

4,5237,396

201

16, 2772,587

19, 417

7,483

Novem-ber

1,712927475793

34,04934, 524

1,549

6.7915.25

50, 415

1, 092, 151510, 555

1, 001, 069

62, 272

86, 733

15, 17461,849

503, 149201,646

35, 455

74,754142, 082

.511

17, 05940, 14384, 5616,848

34517,469

66, 495.254

4333,786

29, 6854,619

24, 1812,3083,3166.03

131, 251

103,7004,6544.49

3,8706,371

376

15, 6492,496

20, 255

7,077

PEE CENT IN-CREASE (+) OEDECEEASE (— )

Nov.,1926,fromOct.,1926

-37.0-52.9-57.1-6.7

-9.5

+12.5

-0.7-4.4

+2.4

+4.8+1.9

+125.0

+65.0

-16.2+6.0

+0.1

-10.6

-36.2

+6.7

-17.1

-9.8+14.2+35.3-20.7

-11.9-0.4

-16.9-45.4

+16.30.0

+31.3+0.2

-15.7

+24.6

Nov.,1926,fromNor.,1925

+12.0+6.6+3.8

+17.5

+16.7

+104. 3

-15.0-16.7

+6.8

+2.6+4.2

+12.4

+23.4

+31.3+20.5

+21.9

-3.6

-13.9

-3.5

-6.5

-4.2+62.1-1.2+6.5

-3.9-3.5

+34.2-15.1

-11.4-3.0

+31.4-1.6

+14.4

-43. 4

CUMULATIVE TOTALFEOM JANUAEY 1THEOUGH NOVEM-BEB 30

1935

20,49210, 9404,1139,560

4 427, 850395, 767

11, 856, 554

410,201,782

252, 412

229,410

45,163,1271, 363, 457

535, 799

4 1,674, 025

207, 8374 409, 081

56,0918,811

138, 283

14, 851

38, 503

99,484

48, 453

3,313

4 166, 5854 26, 043

4 54, 671

1936

22, 16311, 6714,388

10, 452

4 455, 414415, 718

12, 221, 045

19,252,642

285, 219

250,546

5, 170, 2401, 123, 014

536, 880

1,631, 546

191, 9034 463, 421

68, 3853,546

121, 023

14, 850

35,249

69, 341

57, 678

2,400

4 175, 5484 26, 681

4 57. 020

Per ct.in-

crease(+)

or de-crease(-)

cumu-lative1926

from1925

+8.2+6.7+6.7+9.3

+6.4+5.0

+3.1

+88.7

+13.0

+9.2

0.0-17.7

+0.2

-2.5

-7.7+13.3

+21.9-59. 3-12.5

0.0

-8.5

-30.3

+18.9

-27.6

+5.4+2.4

+4.34 Ten months' cumulative, ending Oct. 31. o See table on p. 19 of the November, 1926, issue for earlier data.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 43: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

41

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

FOODSTUFFS— Continued

SugarRaw:

Imports—From Hawaii and Porto

Rico .-long tons_.From foreign countries long tons..

Meltings, 8 ports . long tonsStocks at refineries, end mo long tons..Receipts, domestic, at New

Orleans long tonsRefined:

Exports, including maple. long tons..Prices:

Wholesale, 96° centrifugal,N. Y dolls, perlb..

Wholesale, granulated, N.Y.. dolls, per lb._Retail, granulated, N. Y dolls, per lb_.Retail average, 51 cities index number...

Cuban ^movement:Receipts at Cuban ports long tons _Exports _ long tons..Stocks, end of month long tons

CoffeeImports thous. oflbsVisible supply:

World thous. of bags..United States thous. of bags..

Receipts, total, Brazil thous. of bags..Clearances:

Total, Brazil, for world thous. of bags..Total, Brazil, for U. S thous. of bags..

TeaImports thous. oflbs..Stocks, United Kingdom,*

end of month thous. of Ibs..

TOBACCO

Consumption (tax-paid withdrawals):Large cigars .millions..Small cigarettes ._ ..millions..Manufactured tobacco

andsnuff .thous. of Ibs. .Exports:

Unmanufactured leaf thous. oflbs..Cigarettes millions..

Sales of loose-leaf, warehouses thous. oflbs..Price, wholesale, Burley good leaf,

dark red, Louisville dolls, per 100 Ibs.Production, crop estimate.. thous. oflbs..

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 Canals ..thous. of short tons..New York State canals... thous. of short tons..Suez Canal thous. of metric tons. _Welland Canal short tonsSt. Lawrence Canal short tonsMississippi River, Govt. barges short tons..Ohio River, Pittsburgh, Pa., to

Wheeling, W. Va short tonsAllegheny River *_.. short tons..Monongahela River A short tons..

Ocean Traffic

Clearances, vessels in foreign trade:Total thous. of net tons..American .... . thous. of net tons.Foreign thous of net tons

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..

1936

July

83, 537284, 411465, 144425, 902

854

11, 692

.042

.056

.061126

163,014300, 955

1, 195, 658

116, 702

4,560691

1,072

1,217653

" 9,025

148,207

5697,961

33,648

29,760727582

21.001,202,884

2,1861,165

56513, 608

3162,033

787, 478968, 97688, 846

1, 159, 138273, 641

2,334,195

8,4243,1495,275

14,0098,389

254

199, 073104, 79656, 785

August

58, 206313, 841453, 226341, 803

564

7,095

.042

.055

.062127

164, 744445, 900935,416

122, 922

4,738832

1,117

1,289684

10,056

156,850

5948,068

35, 809

26,263820

34, 772

21.001, 306, 494

2,3221,317

51713, 776

3362,080

630, 169798, 845114, 352

1,078,041295,823

2,289,324

7,8922,5675,325

19, 42313, 384

275

161, 47888, 96738, 967

Septem-ber

56, 798323, 105448,043287, 655

228

5,464

.044

.056

.062127

186, 580473, 190603,469

105, 163

4,663912

1,053

1,240694

12, 148

175,012

6008,086

36,224

38,319762

102, 691

21.001, 293, 918

2,2401,254

57312, 789

4161,845

717, 548872, 597110, 690

927, 851291, 111

2, 317, 562

7,6572,5545,103

11,3176,244

281

114, 73062,20227, 519

October

51, 505299, 863471, 192222, 129

157

4,213

.046

.057

.064129

197,350434,253390,989

159, 567

4,601899

1,108

1.363780

11,057

186,861

6648,061

34,731

53, 129654

131, 891

21.001,304,494

2,3751,327

55612, 879

348

833, 591923,051103, 960

975, 225274, 931

2,303,595

7,9402,9085,033

12, 4149,648

273

81, Oil45, 14812, 106

Novem-ber

27, 273352, 569347, 156277, 687

17, 722

2,419

.047

.058

.064129

169,202343, 124225, 592

120,518

4,564888

1,215

1,269721

10, 737

6557,345

30,955

49, 136612

141,000

21.001, 323, 388

8,170

579, 881682, 848105,000

881, 490246, 446

2, 192, 169

7,7013,0634,638

23, 23720, 934

144, 92198, 79412, 521

1935

October

20,940240, 030385, 64794, 511

835

21, 614

.039

.050

.059124

125,012281,210460, 709

111,920

5,082583

1,262

1,536680

13,088

181,683

7116,925

38,061

52,784488

98,657

25.00

2,009968626

11, 637289

849,457933, 42367, 627

739, 635346, 431

1, 966, 248

6,5722,9913, 581

17, 51612, 210

170

111, 61949, 50242,949

Novem-ber

21,307220, 123262, 89492, 709

25,248

19, 131

.040

.051

.058120

88, 119262, 855292, 119

115,225

5,035789

1,144

1,269758

11,067

189,080

5986,517

30,342

51, 141500

112,615

25.0011,376,628

2,0231,026

5228,410

316

661, 935693, 49747,361

603, 125375, 958

1, 863, 566

5,6712,4513,220

9,8443,283

186

136, 79658,46343. 658

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

-47.0+17.6-26.3+25.0

-42.6

+2.2+1.6

0.00.0

-14.3-20. 9-42.3

-24.5

-0.8-1.2+9.7

-6.9-7.6

-2.9

-1.4-8.9

-10.9

-7.5-6.4+6.9

0.0

-36.6

-30.4-26.0+1.0

-9.6-10.3-4.8

-4.0+5.3-7.2

+87.2+117.0

+78.9+118.8

+3.4

Nov.,1926,fromNov.,1925

+28.0+60.2+32.1

+199. 5

-29.8

-87.4

+17.5+13.7+10.3+7.5

-8.0+30.5-22.8

+4.6

-9.4+12.5+6.2

0.0-4.9

-3.0

+9.5+12.7

+2.6

-3.9+22.4+25.2

-16.0

-2.8

-12.4-1.5

+121. 7

+46.2-34.4+17.6

+35.8+25.0+44.0

+136.1.+534.0

+5.9+69.0-71.7

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1935

1,085,1483, 765, 5834, 763, 766

31,838

328, 013

4,861,4044,614,219

1,154,616

10, 624

12,0686.346

90, 778

6,02773, 709

381, 570

392,0237,202

502, 809

« 18, 510« 10, 3584 4, 913

80,0384 2, 027

5, 566, 4736, 120, 432

845, 162

6, 220, 9063,276,003

20, 256, 746

64, 91625, 94438, 973

198,041123, 480

1926

1, 132, 8033,907,5734, 903, 181

51, 025

89,881

4,549,0174,460,577

1,356,361

11, 127

12, 7096,781

86,372

6,12483,055

381, 858

428,3938,720

657, 734

4 23, 0034 12, 4274 5, 53886, 2894 2, 044

5,150,5326, 051, 425

964, 289

8, 682, 0522, 317, 483

22, 354, 100

72,15526, 16645, 989

191, 693131, 277

Per ct.in-

crease(+)

or de-crease(-)

cumu-lative

1926from1925

+4.4

+2.9

+60.3

+3.8

-6.4-3.3

+17.5

+4.7

+5.3+6.9

-t>.9

+1.6+12.7

+0.1

+9.3+21.1+30.8

+24.3+20.0+12.7+7.7+0.8

-7.5-1.8

+14.1

+39.6-29.3+10.4

+11.2+0.9

+18.0

-3.2+6.3

i Final estimate for 1925. * Ten months' cumulative, ending Oct. 31. h See table on p. 26 of the November, 1926, issue for earlier data,

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42

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

TEANSPOETATION— Continued

Freight Cars— Continued

Shortage (daily av. last week of month):Total carsBox. _. _ . carsCoal _ _ 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 carsMerchandise and 1. c. 1 . thous. of cars..Miscellaneous thous. of cars..

Railroad Operations

Operating revenue:Freight thous. of dolls..Passenger thous. of dolls..Total operating . thous. of dolls.

Operating expenses . . . .thous. of dolls..Net operating income thous. of dolls..Freight carried _ mills, ton-miles..Pullman company operations:

Kevenue thous. of dolls.Expenses. . thous. of dolls. _Passengers carried thousands..

Railway Equipment

Locomotives (Am. Ry. Assn.):Owned, end of month. ... ..number..

Tractive power mills, of lbs__In bad order, end mo ,. number..

Per cent of total in use. per cent..Installed during month number .Retired during month ..number..Ordered from manufacturers number..Building in railroad shops,

end of month ... number. .Shipments (Census) —

Total . . .number..Domestic —

Steam .number..Electric.. _ . .number..

Foreign-Steam .number..Electric.. _ .number..

Unfilled orders, end of month —Tot al .number _ _

Domestic —Steam .number .Electric number

Foreign--Steam numberElectric number

Exports, steam number..Freight cars (Am. Ry. Assn.):

Owned, end of month carsCapacity mills, of lbs_.

In bad order, end mo carsPer cent of total in use pe* cent-

Installed during month cars..Retired during month » carsOrdered from manufacturers cars..Shipments by manufacturers —

Total cars..Domestic . . . cars..

Building in railroad shops,end of month cars

Passenger cars:Ordered from manufacturers cars..Shipments by manufacturers —

Total cars..Domestic. . cars.

Passenger^Travel

National parks:Visitors numberAutomobiles entered . number

Arrivals from abroad:Immigrants.. _ . numberUnited States citizens. . . .number. .

Departures abroad:Emigrants. . _ numberUnited States citizens . number.

Passports issued number

1926

July

404172114

5,245280134939335365

1,2741,919

408, 64597,787

556, 515395,294116, 89541,705

7,3765,6893,336

63, 2022,6038,71813.917123714

123

132

8220

300

555

44536

512320

2,348,508211,642165, 756

7.210,9049,3861,256

9,2879,185

6,233

68

222222

455,20486, 779

22,28325,981

7,05260,22314.007

August

None.None.None.

4,418228117810282310

1,0611,609

428, 62898,913

578,823399,330133,00843,724

7,6535,6193,542

63, 1072,6059,03114.415224784

67

124

7816

237

525

45526

281644

2,349,100211,875161,396

7.010,2929,716

164

8,3578,308

6,003

1

187187

434, 60377,004

29, 28652,683

7,37642,2489,936

Septem-ber

542403100

4,552202147848282301

1,0651,708

444, 14292,648

589, 961397, 860145,49244,328

7,6465,6123,399

63, 0402,6118,88914.222427831

100

134

10913

57

498

38624

771112

2, 348, 933212,086149, 078

6.57,7048,0642,564

5,6065,560

5,350

131

178163

212,38750,383

35,29771,263

6,63426,2688,747

October

1,945460

1,360

6,006266201

1,197361339

1,3842,259

471,47882, 082

609,045414,902146, 12548,273

6,7786,0962,997

62, 8292,6108,65413.917539030

72

151

12415

12

390

28620

711318

2,345,392211,988139,484

6.18,380

11,9442,891

5,3114,388

4,438

32

197197

55,54316, 936

34,52834, 176

5,37718, 1507,896

Novem-ber

57925

516

4,272181138990263127

1,0461,524

62, 6722,6119,32015.0354512215

57

128

10915

31

517

39127

84155

2,342,000

137,4206.0

5,2978,7442,732

2,4332,376

4,616

215

145114

8,434

1925

October

2,957153495

5,537232212997352247

1,3552,142

450, 62986,528

591,533410,447138,03344,054

6,8185,8413,039

64, 1422,595

10,23016.1150266199

33

93

4721

241

530

38640

921256

2,359,124210, 922165,481

7.15,0979,6165,556

2,8492,492

7,189

134

6666

36, 5242,462

28,68535,413

7,67424,2278.012

Novem-ber

357104200

4,094195140799265131

1,0371,526

402,41181,095

532,827384, 514106, 94340, 786

6,0525,4922,742

63,8692,589

10,72516.9112394101

32

106

528

460

585

43546

644038

2,353,454200,590165, 818

7.24,2999,948

13, 598

3,3652,649

7,123

87

5656

37,0833,865

26,64223,118

6, 55518,0397,776

PER CENT IN-CREASE (+) OBDECREASE (— )

Nov.,1926,fromOct.,1926

-70.2-94.6-62.1

-28.9-32.0-31.3-17.3-27.1-62.5-24.4-32.5

-0.20.0

+7.7+7.9

+102. 3+31.3

+616. 7

-20.8

-15.2

-12.10.0

-75.0

+32.6

+36.7+35.0

+18.3+15.4

72.2

-0.1

-1.5-1.6

-36.8-26.8-5.5

-54.2-45.9

+4.0

+571.9

-26.4-42.1

+6.8

Nov.,1926,fromNov.,1925

+62.2-76.0

+158.0

+4.3-7.2-1.4

+23.9-0.8-3.1+0.9-0.1

—1.9+0.8

-13.1-11.2

+216. 1+29.9

+112. 9

+78.1

+20.8

+109. 6+87.5

-93.5

-11.6

-10.1-41.3

+31.3—62.5-86.8

-0.5

-17.1-16.7+23.2-12.1-79.9

-27.7-10.3

-35.2

+147. 1

+158.9+103.6

+8.5

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

47, 5242,1001,5048,7723,4791,965

12,21617,487

3,772,4114 883, 246

5, 131, 6263,810,269

4 836, 522^377,490

4 67, 4654 52, 236* 29, 915

1,6042,626

784

1,112

687126

26336

325

121,374106,40066,549

73, 74470,032

1,068

790748

4242,9944 325, 460

466,2944 305, 521

163,927

1926

49,5302,2221,4829,6723,4202,146

12,47018, 117

3, 993, 7184 876, 114

5,362,9463, 906, 8841,036,780

4 405, 181

469,379456,425430,500

2,1932,8291,143

1,565

1,205160

15446

236

92,35094,10750,458

77,44475,205

1,307

2,0421,946

4281,7344 333, 554

4 56, 8394 330, 139

167, 602

Per ct.in*

crease

^or de-crease(-)

cumu-lative

1926from1925

+4.2+5.8-1.5

+10.3-1.7+9.2+2.1+3.6

+5.9-0.8+4.5+2.5

+23.9+7.3

+2.8+8.0+1.9

+36.7+7.7

+45.8

+40.7

+75.4+27.0

-41.4+27.8

-27.4

-23.9-11.6-24.2

+5.0+7.4

+22.4

+158.5+160. 2

+15.9+2.5

-14.3+8.1+2.2

4 Ten months' cumulative, ending Oct. 31.

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43

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

PUBLIC UTILITIES

Telephone companies:Operating revenues thous. of dolls..Operating income thous. of dolls..

Telegraph companies:tv 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 persons..

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. .Gross revenue sales thous. of dolls..

EMPLOYMENT AND WAGES

Employment in factories:New York State thousands. .Detroit thousands..New Jersey (rel. to 1923) ...index number..Pennsylvania (rel. to 1923). .index number..Delaware (rel. to 1923) index number..Wisconsin (rel. to 1915) index number-Illinois (rel. to 1922) index number..Massachusetts (rel. to 1914) .index number..

Total pay roll:New York State . . thous. of dolls..Wisconsin (rel. to 1915) index number..New Jersey (rel. to 1923) ...index number-Pennsylvania (rel. to 1923) .index number. .Delaware (rel. to 1923) index number..Ohio construction employees

(rel. to 1923) index number..Federal civilian employees, Wash-* ington, D. C., end of month number..Average weekly earnings (State reports):

New York State dolls..Illinois (rel. to 1922) index number —Wisconsin (rel. to 1915) index unmber..Massachusetts (rel. to!914). index number..New Jersey (rel. to 1923) .. .index number..Pennsylvania (rel. to 1923). .index number-Delaware (rel. to 1923) index number..

Average weekly earnings (National IndustrialConference Board):

Grand total (both sexes) dollars..Total male dollars..Skilled male dollars..Unskilled male - dollars .Total women dollars..

Average weekly hours:Nominal (both sexes) hours..Actual (both sexes) hours-

Wages of common labor, by geographic divisions:New England cents per hourMiddle Atlantic cents per hourSouth Atlantic cents per hour..East South Central . cents per hourWest South Central cents per hourEast North Central . cents per hour..West North Central cents per hourMountain cents per hour. _Pacific . ..cents per hourUnited States, average cents per hour..

Wage rates, U. S. Steel Corp... cents per hour-Wages, steel workers, Youngstown

district per cent of baseApplicants per 100 jobs, employment agencies:

United States, average number..Eastern States number.Central States numberSouthern States number..Western States . number..

Factory Labor Turnover*

(Percentages of number on pay roll)

Separations:Total .. . ..percent..Voluntary quits per centDischarges . per centLayoffs.. .. . percent..

Accessions (including employment and re-hires) . . . percent.

• Revised < Ten mon

1926

July

60, 11913, 261

10,82213,3861,662

95, 00727,729

764,509

35,9142,0013,916

35535,559

127, 100

486233899280

125.8101.182.2

13, 995270. 6

968484

108

60,435

28.81113.2219.8178.5

1069999

26.7829.2130.7623.6717.29

49.647.6

4847272526373746523950

133.0

12012813910778

4.83.30.70.8

4.7ths* cumu

August

60,09713, 713

11, 10913, 6632,351

93,87325,909

749, 592

s 6, 1453 2, 0833 4, 057

3683 5, 777

129,200

489239909381

125.9100.785.8

14, 103282.0

988785

108

60, 270

28.86115.9228.8180.9

10710199

26.7629.3930.9123.8116.91

49.647.5

4847332428373642523950

133.0

1061181288162

4.63.40.70.5

5.2ative, end

Septem-ber

62,00914,848

11, 65414, 3382,255

97, 63632,087

742, 932

36,17632,0563 4, 121

3543 5, 822

135,500

500234979581

123.9102.989.0

14,664278.0

1068987

113

59, 849

29.31113.2229.3181.0

107101101

27.3829.8331.3924.0317.34

49.648.4

4947392526373644523950

133.0

1001051188558

5.24.10.80.3

6.8

ing Oct. 31

October

62,64115,920

12,20513, 9981,678

807,261

6,5592,1594,400

3806,179

506220979677

126.0102.489.8

14,853285.5

1109486

100

29.35117.5241.2180.1

110106105

27.4329.7931.2624.2817.64

49.848.6

4947272529393642523950

133.0

1041121227265

4.03.00.60.4

5.3

Novem-ber

791,386

500206979576

14, 564

1099187

92

29.15

109103107

49493125

^ 28403743523950

133.0

3.12.00.40.7

3.2

<See

1925

October

57,92515,034

11, 67814,4082,342

100,02933,053

811,236

5,9481,8014,147

3985,550

128,800

510267929278

123.398.692.2

14, 559297.6

959082

118

62,039

28.57115.3241.0189.9

103101102

27.1229.5131.2023.6617.13

50.048.3

4646252528363746533850

127.0

1441131449359

Novem-ber

56,82614,327

10, 39512,8101,660

101, 15435, 152

779, 691

5,7871,9463,841

3955,392

139,300

513264939278

122.699.393.1

14, 700288.1

968884

102

61, 753

28.67115.2234.7187.8

10399

104

27.1329.4331.0823.7917.15

49.748.5

4645272529363746523850

127.0

12711914911966

table on p. 10 of the (

PEE CENT IN-CREASE (+) OEDECREASE (— )

Nov.,1926,fromOct.,1926

-98.0

-1.2-6.4

0.0-1.0-1.3

-1.9

-0.9-3.2+1.2

-8.0

-0.7

-0.9-2.8+1.9

0.0+4.3

+14.80.0

-3.4+2.6+2.8+2.4

0.00.00.0

0.0

—22.5—33.3-33.3+75.0

-39.6October,

Nov.,1926,fromNov.,1925

+1.5

-2.5-22.0+4.3+3.3-2.6

-0.9

+13.5+3.4+3.6

-9.8

+1.7

+5.8+4.0+2.9

+6.5+8.9

+14.80.0

-3.4+11.1

0.0-6.5

0.0+2.6

0.0

+4.7

CUMULATIVE TOTALFEOM JANUARY 1THROUGH NOVEM-BER 30

1925

4536,0064 140, 691

4102,033U25,414

4 18, 237

8, 576, 806

4 53, 709U8,414

35,295

4 3, 878449,831

1926

4598,6674 142, 519

4 109, 5974133,862

4 17, 929

8, 657, 648

4 60, 126421,2854 38, 848

4 3, 8524 56, 274

Per ct.in-

crease(+)

or de-crease(-)

cumu-lative1926

from1925

+11.7+1.3

+7.4+6.7-1.1

+0.9

+11.9+15.6+10.1

-0.7+12.9

1926, issue for earlier data.

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44

TREND OF BUSINESS MOVEMENTS—Continued

The"^ cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

DISTRIBUTION MOVEMENT

Retail Sales

Mail-order houses:Total sales, 4 houses thous. of dolls..Total sales, 2 houses thous. of dolls __Sears, Roebuck & Co thous. of dollsMontgomery Ward & Co.. thous. of dolls. _

Ten-cent chain stores:Total sales (4 chains) thous. of dolls..Total stores operated(4 chains). ..number..F. W. Woolworth & Co thous. of dolls..

Stores operated numberS. S. Kresge Co thous. of dolls..

Stores operated numberMcCrory Stores Corp thous. of dolls..

Stores operated numberS. H. Kress & Co thous of dolls

Stores operated numberMetropolitan thous. of dolls..

Stores operated numberF. and W. Grand _thous. of dolls..

Stores operated numberChain stores:

Groceries-Sales thous. of dolls..Stores operated number

Drug-Sales thous. of dolls..Stores operated number

Cigar-Sales. thous. of dolls..Stores operated number

Shoe-Sales thous. of dollsStores operated number

Music-Sales. thous. of dolls. .Stores operated number

Sales thous. of dolls..Stores operated number

Restaurant chains:Total sales (3 chains) thous. of dolls

Childs Co., sales -thous. of dolls..Waldorf System (Inc.),

sales _ thous. of dolls..Thompson sales thous. of dolls .

Other chain stores:J. C. Penny Co thous. of dolls

Stores operated numberUnited Cigar Stores Co _. -thous. of dolls _ _

Stores operated numberA. Schulte (Inc.) thous. of dolls

Stores operated numberOwl Drug Co thous. of dolls

Stores operated .number..

Advertising

Magazine advertising-. . _. thous. of lines _ _Newspaper advertising thous. of lines..National advertising in newspapers:

Total thous. of linesAutomobile advertising thous. of lines..Automobile accessories thous. of lines..Cigars, cigarettes and

tobacco thous of linesFinancial. thous. of lines..Food, grocercies, beverages.thous. of lines. .Hotels and resorts thous of linesHousehold furniture thous of linesMen's clothing ..thous. of lines..!Musical instruments thous of linesRadio and electrical thous. of lines..Railroads and steamships. -thous. of lines..Shoes _ thous. of lines . _Toilet articles and medical

preparations thous of linesWomen 's wear .thous. of lines . .Miscellaneous thous of lines

Postal Business

Postal receipts, 50 selectedcities thous. of dolls _.

Postal receipts, 50 industrialcities thous. of dolls..

Money orders:Domestic paid (50 cities) —

Quantity numberValue thous of dolls

Domestic issued (50 cities) —Quantity numberVfllnR thnus. of dolls

1926

July

35, 67031, 99520,01111,984

34, 4362,142

19, 3951,4608,886

3322,459

1833,696

16783180

79040

88, 85625, 607

7,656631

9,2103,321

3,382561

97660

2,550276

4,2972,050

1,0761,171

8,327697

6,7833,0272,388

2851,441

91

1,83388, 052

26,3835,9042,086

2,447895

3,73072428118983

6852,442

53

3,75833

3,073

26, 783

3,073

9,86879, 733

2,97032. 154

August

35, 76332, 27219, 60512, 667

34, 0752,154

19, 0151,4658,713

3382,493

1843,854

16780180

70340

82, 97625, 793

7,548645

3 8, 7703,335

2,842563

1,09560

2,353275

4,4262,189

1,0841,153

8,083721

6,4723,0392,260

2871,403

91

1,68991, 763

26, 4268,2001,857

2,552505

2,9993852845768

8352,065

32

3,36944

3,174

26, 714

3,003

9,41777, 674

2,89231.517

Septem-ber

43, 74237, 90721, 64816, 259

35, 2022,172

19, 3391,4719,439

3452,543

1893,881

16787280

79940

3 85, 08225, 9233 7, 531

6523 9, 037

3,354

3,313566

1,24461

2,649274

4,6222,289

1,1621,171

10, 622735

6,5603,0592,442

2861,423

94

2,138104, 106

28, 8756,4111,867

2, 442741

3,229188799353191

1,6981,584

218

4,197186

4,771

29, 976

3,169

9,97283, 963

2,89531. 712

October

54, 74346, 99526, 84020, 155

42, 5062,191

24,8011,482

10, 535354

2,910187

4,260168

1,04881

1,02541

3 93, 6393 26, 1143 8, OV8

3 660

9,6073,389

3 3, 684a566

1,36662

2,754263

4,7482,310

1,1941,244

13, 247743

6,8783,0912,693

2891,597

95

2,626123,300

32,0986,0981,396

2,124784

3,983219

1,089458321

2,3671,665

228

6,345317

4,704

32, 860

3,421

11,44797, 263

3,20834, 551

Novem-ber

55, 80247, 86927, 99119,878

41, 2242,204

22, 5331,484

10, 957362

2,912189

4,822169

1,01081

95441

97, 27426, 311

7,739704

8,8623,424

3,501569

1,31862

2,818254

4,4912,181

1,1171,193

13, 334743

6,5173,1252,312

2911,347

94

2,703111,157

29, 9774,3381,352

2,875865

3,591281463377416

2,4802,060

223

6,464171

4,021

31, 868

3,223

1925

October

62, 21652,34030, 37521, 965

39, 7392,057

22, 9761,4209,992

2932,725

1794,046

16582969

84934

89, 21023, 655

7,015568

8,9693,165

3,823508

1,27257

2,606222

4,5432,246

1,1571,140

12,147644

6,6612,8882,257

2661,451

87

2,421120, 910

33,4155,6161,376

1,8381,0234,606

2911,15$

578232

2,0561,467

294

6,303422

5,038

* 32,489

3,352

12,00899, 240

3,15433. 041

Novem-ber

52, 78644, 61825, 82418, 794

36, 8862,066

20, 6771,4259,425

2932,673

1824,111

166794

6983836

76, 23023, 897

6,522589

8,0723,224

3,186516

1,25758

2,372231

4,2782,107

1,0771,094

9,853668

5,9922,9462,034

2671,252

87

2,506117, 365

30,6955,0231,041

2, 199906

4,183396591375353

2,4981,532

256

6,584232

4,525

29, 962

2,964

10, 91688, 548

3,06532. 016

PEE CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

+1.9+1.9+4.3-1.4

-3.0+0.6-9.1+0.1+4.0+2.3+0.1+1.1

+13.2+0.6-3.6

0.0+6.9

0.0

+3.9+0.8

-4.2+6.7

-7.8+1.0

-5.0+0.5

-3.50.0

+2.3-3.4

-5.4-5.6

-6.4-4.1

+0.70.0

-5.2+1.1

-14.1+0.7

-15.7—1.1

+2.9-9.8

-6.6-28.9-3.2

+35.4+10.3-9.8

+28.3-57.5-17.7+29.6+4.8

+23.7-2.2

+1.9-46.1-14.5

-3.0

-5.8

Nov.,1926,fromNov.,1925

+5.7+7.3+8.4+5.8

+11.8+6.7+9.0+4.1

+16.3 j+23.5 '+8.9 I+3.8

+17.3+1.8

+27.2+17.4+13.8+13.9

+27.6+10.1

+18.7+19.5

+9.8+6.2

+9.9+10.3

+4.9+6.9

+6.9+10.0

+5.0+3.5

+3.7+9.0

+35.3+11.2+8.8+6.1

+13.7+9.0+7.6+8.0

+7.9-5.3

-2.3-13.6+29.9

+30.7-4.5

-14.2-29.0-21.7+0.5

+17.8-0.7

+34.5-12.9

-1.8-26.3-11.1

+6.4

+8.7

i

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

456, 777389, 128227,821161, 307

348, 196

199, 599

87,982

24, 236

37, 355

6,939

6,777

796, 062

70, 628

88, 309

34, 654

11, 269

25, 596

45, 51122,064

11, 66311,785

78,450

66,008

21, 708

14, 965

22, 8711, 112, 159

307, 319

32, 684

* 109, 8004 785, 471

4 30, 6544 305. 858

1926

479, 661418, 873242, 717176, 161

380, 394

212, 289

98, 367

27, 537

42, 201

8,867

8,672

962, 289

81, 921

96, 371

36, 389

11, 908

27, 648

49,06223,655

12, 28713, 120

99, 688

70, 767

25, 174

14, 985

24,8941, 154, 305

326, 89968,45316, 944

26,4999, 471

41, 9034,7576,8243,6191,986

14, 74421,9181,835

61,0621,756

44, 128

326, 976

34,950

4 107, 0804 845, 375

* 31, 1234 325. 641

Per ct.in-W

crease(t}

or de-crease(-)

cumu-lative1926from1925

+5.0+7.6+6.5+9.2

+9.2

+6.4

+11.8

+13.6

+13.0

+27.8

+28. 0

+20.9

+16.0

+9.1

+5.0

+5.7

+8.0

+7.8+7.2

+5.4+11.3

+27.1

+7.2

+16.0

-0.1

+8.8+3.8

+6.4

+6.9

-2.5+7.6

+1.5+6. 5

e Revised. 4 Ten months' cumulative, ending Oct. 31.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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45

TREND OF BUSINESS MOVEMENTS—Continued

The cumulativea shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

DISTRIBUTION MOVEMENT— Contd.

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 policiesIndustrial number of policiesGroup number of contractsTotal number of policies and contracts..

Policies and certificates issued:Total policies and certificates number..Group insurance certificates.. .certificates..

Amount of new insurance (45 companies) :Ordinary thous. of dolls..Industrial thous. of dolls..Group ...thous. of dolls..Total insurance thous. of dolls..

Premium collections (45 companies) :Ordinary. thous. of dolls..Industrial thous. of dolls..Group thous. of dolls..Total thous. of dolls..

Admitted life insurance assets (41 companies):Grand total mills, of dolls..Mortgage loans —

Total mills, of dolls..Farm mills, of dolls..All other mills, of dolls..

Bonds and stocks (book values)—Total mills, of dolls..Government mills, of dolls..Railroad mills, of dolls..Public utilities mills, of dolls..Allother mills of dolls

Policy loans and premiumnotes mills, of dolls..

Other admitted assets.. .. mills, of dolls

(Life Insurance Sales Research Bureau)

Sales of ordinary life insurance (81 companies):United States total thous of dolls

Eastern manuf. district.thous. of dolls..Western manuf. 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..

Banking

Debits to individual accounts:New York City mills, of dolls. .Outside New York City mills, of dolls. _

Bank clearings (United States):New York City mills of dollsOutside New York City... .mills, of dolls..

Bank clearings (Canada) . mills, of dollsFederal reserve banks:

Bills discounted mills, of dolls .Notes in circulation mills, of dolls .Total investments - mills, of dollsTotal reserve mills, of dolls..Total deposits mills, of dollsReserve ratio . per cent

Federal reserve member banks:Total loans and discounts... mills, of dolls..Total investments mills of dollsNet demand deposits. mills, of dolls. _

Brokers' loans, end of month:To New York Stock

Exchange members thous. of dolls. .By New York F. R. member

banks thous. of dolls..Interest rates:

New York call loans.. per cent..Commercial paper 4-6 mos per cent..

Discount rate:N. Y. Fd. Res. Bk. 60-90 days.. .per cent-

Savings Deposits

New York State savingsbanks thous. of dolls..

1926

July

167, 6351,388

221, 69 /716, 607

149938,453

991, 36153,057

658, 562194, 31578, 125

931,002

133, 75542,6394,457

180, 851

9,969

4,2381,5722,666

3,899951

2,132705111

1, 184648

702, 129279,650153, 663110,37286, 75871,68640, 101

27,65923, 674

23, 82719. 1841,376

5211,671

5852,9992,26176.3

13, 9765,652

12, 846

2, 997, 760

2, 602, 042

4.433.95

3.50

3. 721. 746

August

165, 2131,367

198, 686719, 203

157918,046

958, 77140, 882

595,929199,07655, 632

850,637

117, 85143,4194,102

165,372

10,050

4,2901,5772,713

3,907948

2,137710112

1,194659

649,023241,260145,015107,43484,57270,73236,010

26, 23320,755

21, 67617, 4721,345

6201,703

5762,9662,28274.4

14, 1795,599

12,961

3, 142, 148

2,758,274

4.594.31

4.00

3. 729. 404

Septem-ber

186, 8921,419

184, 843714, 041

157899,041

946, 62747, 743

523,915197,27773,456

794,648

118,02340, 8273,783

162,633

10, 141

4,3351,5792,756

3,924948

2,148715113

1,202680

597,767222,265132,004104,36876, 90462,22634, 878

25, 61821, 311

21, 36017, 9661,320

7171,716

5812,9372,33072.6

14, 3955,634

13,003

3,218,937

2,812,971

4.904.43

4.00

3. 776. 911

October

144, 4581,211

219, 049822,459

1831, 041, 691

1,085,72144, 213

618,041226, 52362,353

906, 917

125, 68943, 9884,735

174, 412

10, 237

4,4051,5812,824

3,941937

2,15672,9119

1,210681

656,606262,334145, 635100,44681. 86566,32640, 226

28, 75523,754

24,33319, 7541,579

6321,731

6102,9542,28173.6

14, 3145,578

12, 918

3, 111, 177

2, 602, 196

4.754.50

4.00

3. 778. 155

Novem-ber

144,9851,241

221,45,870,324

1821, 091, 963

1, 162, 14470, 363

629, 860235, 691100,448965, 999

127,48945,2814,327

177,097

691, 520283,297153, 194102,89484,46267,67344, 251

25, 79021, 568

22, 25218, 2361,669

6451,772

6772,9562,32472.2

14, 3755,521

13, 033

3, 129, 162

2, 646, 653

4.594.44

4.00

3. 791. 144

1925

October

e

184, 0551,597

222,7641,199,183

1141,422,061

1,460,05638, 109

616, 725256, 70454,433

927, 862

130,04538,9514,841

173,837

9,209

3,7501,5152,235

3,7131,0352,005

567106

1,099647

668, 794258,615148,401107,38086, 52767, 87136, 259

28, 91624,008

25, 95220, 5541,647

5901,695

6602,8932,29772.5

13,9015,443

13, 082

4.904.40

3.50

3. 529. 169

Novem-ber

168, 7321,142

218, 240851,209

1721, 069, 621

i, 095, 92526, 476

586,877207, 980111,066905, 923

130, 92039,0744,940

174,934

9,292

3,7961,5182,278

3,7511,0482,015

580108

1,103642

637,023252,514136, 51799, 15581,49267,34536, 760

27,00921, 334

23, 47718, 5981,613

6251,732

7012,8612,29171.1

13, 9595,405

13, 025

4.754.38

3.50

3. 533. 841

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

+0.4+2.5

+1.1+5.8-0.5+4.8

+7.0+59.1

+1.9+4.0

+61.1+6.5

+1.6+2.9-8.6+1.5

+5.3+8.0+5.2+2.4+3.2+2.0

+10.0

-10.3-9.2

-8.6-7.7+5.7

+2.1+2.4

+11.0+0.1+1.9-1.9

+0.4-1.0+0.9

+0 6

+1.7

-3.4-1.3

0.0

+0.3

Nov.,1926,fromNov.,1925

-14.1+8.7

+1.5+2.2+5.8+2.1

+6.0+165. 8

+7.3+13.3-9.6+6.6

-2.6+15.9-12.4+1.2

+8.6+12.2+12. 2+3.8+3.6+0.5

+20.4

-4.5+1.1

-12.7-1.9+3.5

+3.2+2.3-3.4+3.3+1.4+1.5

+3.0+2.1+0.1

-3.4+1.4

+14.3

+7.3

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

2, 299, 2568, 827, 675

1,49911, 128, 430

11, 498, 035371, 104

6, 667, 6492, 135, 291

684, 5909,497,5SO

1, 343, 573404,40748,404

1,796,382

7,262,7502,913,0041,555,3451,153,329

907, 509730,554383,050

283, 059232, 357

256, 690198, 68514, 295

1926

2, 363, 3738, 548, 387

1,89510, 913, 655

11,449,763538, 003

6, 990, 9362,338,051

788, 15310, 117, 140

1,416,045463,35551,029

1,930,429

7,530,0543,002,0051,640,5781, 189, 132

944,979753,350424, 283

306, 479244, 471

263, 639204, 08115,306

Per ct.in-

crease<•#or de-

crease(-)

cumu-lative

1926from1925

+2.8-3.2

+26.4-1.9

-0.4+45.0

+4.8+9.5

+15.1+6.5

+5.4+14.6+5.4+7.5

+3.7+3.1+5.5+3.1+4.1+3.1

+10.8

+8.3+5.2

+2.7+2.7+7.1

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 48: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

BANKING AND FINANCE— Continued

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--

Business Failures

Liabilities (United States):Total commercial thous. of dolls..

Manufacturingestablishments thous. of dolls. .

Trade establishments, .thous. of dolls. .Agents and brokers thous. of dolls. .

Liabilities (Canada) .thous. of dolls. -Firms (United States):

Total commercial number. .Manufacturing

establishments numberTrade establishments number _Agents and brokers _ .number. _

Firms (Canada) number..

Dividcnd and Interest Payments

(For the following month)

Grand total thous. of dolls..Dividend payments:

Total thous. of dolls..Indus, and misc. corp.-thoust of dolls..Steam railroads thous. of dolls..Street railways thous. of dolls..

New Security Issues

Foreign governments thous. of dolls..Total corporation (Commercial and Financial

Chronicle) thous. of dolls. .Purpose of issue —

New capital . thous. of dolls..Refunding thous. of dolls _.

Kinds of issue —Stocks _ ^ _ thous. of dolls _.Bonds and notes thous. of dolls _.

Class of industry-Railroads . 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 ofCommerce) thous. of dolls. .

States and municipalities:Permanent loans thous. of dolls..Temporary loans - - thous. of dolls _ _

New incorporations thous. of dolls-

Agricultural Finances

Loans outstanding, end mo.:Federal farm loan banks thous. of dolls..Joint-stock land banks thous. of dolls..Federal intermediate credit

banks thous. of dollsWar finance corporation thous. of dolls..

Stocks and Bonds

Stock prices, average daily closing:25 industrials, average dolls, per share..25 railroads, average dolls, per share..103 stocks, average dolls, per shareSouthern cotton mill

stocks dolls per shareStock sales:

N. Y. Stock Exchange thous. of dolls..B ond sales:

Miscellaneous thous. of dolls. .Liberty- Victory thous. of dolls..Total thous. of dolls..

1926

July

19, 35719, 6134,917

49, 352236,020

222, 095

4,85842.01

29, 680

11, 16714, 6143,8983,328

1,605

3961,122

87171

234, 635

87, 13547,95033,5005,685

12, 520

474, 383

414, 63559, 748

101, 036373, 348

40, 775211, 82991, 8016,500

82, 89340, 585

5,2504,950

48, 005

269, 140

90, 88451, 831

454, 865

1,048,275605, 718

71, 13910, 803

163.0193.77

112. 75

110. 58

36,732

221,92620,052

241, 978

August

19, 16619, 5344,841

51, 815192, 954

254, 802

4,86442.02

28, 130

12, 51614, 0961,5191,494

1,593

4491,071

73141

321, 542

72,80047, 05018,5006,250

34, 000

243, 450

176,15567, 295

46, 507196, 943

15, 08569, 43466, 03510, 50052, 62829, 618

1,05111, 949

154, 582

68, 85338, 055

505, 770

1,053,336610, 794

78, 08310, 504

172. 2296.14

115.64

110.33

44, 189

203,54311,906

215,449

Septem-ber

19, 21119, 4734,771

55, 596576, 528

290,465

4,90642.34

29,990

10, 09311, 2438,6541,298

1,437

374958105142

447, 500

106, 65068,30027, 05011,300

74,900

328, 705

283, 23145, 474

48, 327280, 379

61, 70645, 930

114, 938

48, 53757, 595

3,77151, 713

277, 210

135, 43654, 613

580,387

1,057,217614, 639

78,4909,629

172. 2699.43

114.48

110. 68

36,904

175,59414,060

189, 654

October

19, 16619,4204,726

60, 969192, 919

367, 595

4,93342.53

33, 231

11, 65015,8745,7072,486

1,763

4501,205

108188

330,900

78,60034, 70035, 7508,150

118, 000

350, 482

276, 70673, 776

58,490291, 993

12,190147, 31155, 11731, 21280, 14217, 260

6,0003,374

33,960

244, 842

105, 78942,075

901, 303

1,063,056619, 217

84, 6659,154

164.6394.93

111.61

110.67

40, 213

217,30215,870

233, 172

Novem-ber

19, 13719, 3894,697

52, 655176, 002

264, 250

4,94942.62

32, 694

16, 09714, 1582,4392,691

1,830

4401,285

105188

340, 681

79,05056, 45016,4256,175

24,240

595, 237

330, 694264, 543

203,909391,328

27, 821162, 32873, 058

230, 96851, 06849, 494

2,54012, 967

415

271, 579

60, 1514,567

552,787

1,068,596624, 230

87, 9778,421

171. 9597.43

115.32

110.79

31, 183

272, 13817,457

289,595

1925

October

20, 14120, 4076,184

52, 835202, 245

323, 432

4,90142.77

29, 544

11, 26413, 5304,7503,533

1,581

4081,111

62183

309, 500

73,70032,50033,9007,300

39, 650

371, 305

300, 99470,310

120, 932250,373

28, 952109, 59099, 9182,500

96, 62929, 714

1503,3858,328

278, 096

84, 77593,465

585,422

995, 207526, 042

73, 09722,275

173.5684.92

121.39

115. 89

53,423

258,97921, 528

280,507

Novem-ber

20, 13920, 4016,182

48, 276184,931

236,034

4,97243.35

35,922

13, 99418,9073,0222,352

1,672

4421,146

84167

323,348

75,99554,60015, 1805,215

138, 100

376, 240

365, 56510, 675

149, 938226, 302

6,320121, 44682, 75920, 75767, 29767, 426

2,2754,909

14, 425

251, 381

71, 52339, 827

1, 241, 594

999, 415534, 134

77,30019, 843

177.2688.56

120. 05

118.27

48,981

218,99923,011

242,010

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

-0.2-0.2-0.6

-13.6-8.8

-28.1

+0.3+0.2

-1.6

+38.2-10.8-57.3+8.2

+3.8

-2.2+6.6-2.8

0.0

+3.0

+0.6+62.7-54.1-24.2

-79.5

+69.8

+19.5+258. 6

+248. 6+34.0

+128.2+10.2+32.6

+640. 0-36.3

+186. 8

-57.7+284.3-98.8

+10.9

-43.1-89.1-38.7

+0.5+0.8

+3.9-8.0

+4.4+2.6+3.3

+0.1

-22.5

+25.2+10.0+24.2

Nov.,1926,fromNov.,1925

-5.0-5.0

-24.0+9.1-4.8

+12.0

-0.5-1.7

-9.0

+15.0-25.1-19.3+14.4

+9.4

-0.5+12.1+25.0+12.6

+5.4

+4.0+3.4+8.2

+18.4

-82.4

+58.2

-9.5

+36.0+72.9

+340. 2+33.7-11.7

-24.1-26.6

+11.6+164.1-97.1

+8.0

-15.9-88.5-55.5

+6.9+16.9

+13.8-57.6

-3.0+10.0-3.9

-6.3

-36.3

+24.3-24.1+19.7

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

524, 6043,224,545

3, 166, 134

407, 216

154, 754194,73457,72932, 722

19,336

4,60013, 854

8821,902

4,085,908

1,070,875596,050315,01593, 340

645, 381

4, 219, 752

3, 325, 822593,922

1, 159, 0533, C70, 698

479, 7291, 542, 889

828, 304262, 039690, 573366, 471

245, 26745,721

145, 720

3, 268, 031

1, 238, 431724,330

8, 860, 655

409,336

2,848,512317, 128

3, 165, 640

1926

557, 1963, 427, 495

3, 200, 110

363, 623

141, 284180, 76641, 57525, 324

19,704

4,90113, 7971,0061,900

4,333,435

1, 120, 110629, 485330, 340101, 870

466, 632

3, 870, 250

4, 103, 775866, 476

1, 222, 8053,647,445

379, 4131, 837, 7941,088,626

449, 717670, 175501, 304

175, 93358, 197

260, 297

3, 387, 343

1,146,177583, 748

10, 095, 550

407,213

2, 565, 719230,326

2, 796, 054

Per ct.in-

crease(t>or de-

crease(-)

cumu-lative

1926from1925

+6.2+6.3

+1.1

-10.7

-8.7-7.2

-28.0-22.6

+1.9

+6.5-0.4

+14.1-0.1

+6.1

+4.4+3.6+4.9+9.1

-27.7

-8.3

+23.4+45.9

+5.5+18.8

-20.9+19.1+31.4+71.6-3.0

+36.8

-28.3+27.3+78.6

+3.7

-7.4-19.4+13.9

-0.5

-9.9-27.4-11.7

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47

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

BANKING AND FINANCE— Continued

Stocks and Bonds— Continued

Bond prices:Highest-grade rails. p. ct. of par, 4% bond..Second-grade rails.. p. ct. of par, 4% bond..Public utility p. ct. of par, 4% bond_.Industrial.. p. ct. of par, 4% bond--Comb, price index..p. ct. of par, 4% bond..

( For 1st of following month)

5 Liberty bonds p. ct. of par__16 foreign governments and

city __ p. ct. of par..Comb, price index, 66 bonds.-p. ct. of par--

Municipal bond yield ... per centLong-term real estate bonds issued:

Grand total thous. of dolls. -Purpose of issue-

Finance construction . -thous. of dolls. .Real estate mortgate.. -thous. of dolls..Acquisitions and

improvements thous. of dolls. _Kind of structure-

Office and othercommercial thous. of dolls

Hotels thous. of dolls. .Apartments thous. of dolls. .

GOLD AND SILVERGold:

Domestic receipts at mint fine ounces _.Rand output thous. of ouncesImports thous. of dollsExports thous. of dolls

SUver:Production thous. of fine ozImports thous. of dolls..Exports thous. of dolls. .Price at New York dolls, per fine oz._

FOREIGN EXCHANGE RATES

Europe:England . dolls, per £ sterlingFrance dolls, per franc..Italy dolls, per lire..BfilgiiiTn dnlls, pp.f frfliiCNetherlands dolls, per guilder. .Sweden dolls, per krone--Switzerland dolls, per franc..

Asia:Japan dolls, per yen..India. _ dolls, per rupee

Americas:Canada. .. dolls, per Canadian dollArgentina dolls, per gold pesoBrazil dolls, per milreis..Chile dolls, per paper peso

U. S. FOREIGN TRADE

ImportsGrand total .thous. of dollsBy grand divisions:

Europe-Total thous. of dolls..France thous. of dollsGermany thous. of dollsItaly . thous. of dollsUnited Kingdom thous. of dolls..

North America-Total thous. of dolls..Canada thous. of dolls

South America-Total ..thous. of dolls .Argentina thous. of dolls..

Asia and Oceania-Total thous. of dolls..Japan thous. of dolls

Africa, total thous. of dollsBy class of commodities:

Crude materials . thous. of dollsFoodstuffs, crude, and

food animals thous. of dollsManufactured foodstuffs... thous. of dolls..Semimanufactures .thous. of dolls..Finished manufactures thous. of dolls..

1926

July

89.1181.5375.1477.7980.56

102. 74

103.4099.154.11

69, 408

43, 66018, 125

3,138

22,64029,3458,850

82,696860

19, 8205,069

4,6735,9497,921.648

4.86.025.034.024.402.268.194

.471

.363

1.001.921.156.121

339,233

95,23810,19315,4166,735

27,344

78, 89439,880

41,0565,092

117,32435, 5326,721

131,215

42,20929,31265, 77570, 721

August

89.2381.2074.7878.0980.48

102. 56

103.6199.084.12

48, 220

18, 84518, 760

8,000

8,9158,9607,070

97,426844

11, 97929,743

5,2705,9888,041.624

4.86.028.033.028.401.268.193

.478

.364

1.001.920.154.121

336,605

105,99312,06918, 3117,084

27,346

79,79838,902

44, 8584,835

101,08937,3874,867

124,399

42,08130,55063,98770,588

Septem-ber

89.3681.2374.6777.8280.42

102. 27

103. 6499.014.16

42, 606

27, 7007,021

2,385

21,3501,6304,270

111, 657840

15, 93323, 081

4,8607.2047;238.606

4.85.029.037.027.401.268.193

.484

.363

1.001.922.152.121

343,479

108,93014,44417,2998,451

29,791

77,96740,432

42, 1395,722

110,32237,8394,120

135,131

39,10832,58862, 77973,873

October

89.5281.3374.2977.5980.31

102. 62

103. 8099.414.16

67, 545

24, 01519, 160

14, 300

14, 1055,175

11, 320

108, 741853

8,8571,156

5,0145,0837,279.545

4.85.029.041.028.400.267.193

.487

.362

1.001.928.140.121

378,350

118,90717, 34317,75010,28633, 637

92,80045,787

50,3817,765

112, 72039,9123,542

134,783

50,42040,65964,72687,762

Novem-ber

90.4382.2775.6078.6081.36

102.88

103.9299.744.14

40, 330

30, 3754,845

4,110

23, 9106,2355,945

104, 230840

16, 7387,727

4,9203,9146,794.541

4.85.034.042

.400

.267

.193

.491

.360

1.001.924.130.121

376,000

141, 138

49, 61139, 62065,89777,776

1925

October

86.0676.7870.5275.1776.73

106. 92

102.7597.464.26

90,839

39, 88031,753

11,640

37, 5158,3935,130

128, 030813

50, 74128, 039

4,6445,6028,783.711

4.84.044.040.045.402.268.193

.410

.366

1.001.934.148.121

374,074

115, 69215,46915, 7039,678

37,733

81,95047, 121

38,9854,003

133,94139,0793,506

3153,702

8 44, 2778 33, 1938 65, 669877,233

Novem-ber

86.2277.7370.6575.4677.12

102.02

101. 4197.534.22

65, 647

45, 2409,620

10,375

27, 09012, 79510, 165

102, 641788

10, 45624, 360

4,8984,0498,118.692

4.85.040.040.045.402.268.193

.423

.366

1.001.944.146.122

376,638

118, 23114,49215,7289,323

42,342

75,86843,233

43,3196,714

131,45937, 2427,788

168,084

46,41329,34162,08370,500

PEE CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

+1.0+1.2+1.8+1.3+1.3

+0.3

+0.1+0.3-0.5

-40.3

+26.5-74.7

-71.3

+69.5+20.5-47.5

-4.1-1.5

+89.0+568. 4

-1.9-23.0-6.7-0.7

0.0+17.2+2.4

0.00.00.0

+0.8-0.6

0.0-0.4-7.1

0.0

-0.6

+4.7

-1.6-2.6+1.8

-12.0

Nov.,1926,fromNov.,

, 1925

+4.9+5.8+7.0+4.2+5.5

+0.8

+2.5+2.3-1.9

-38.6

-32.9-49.6

-60.4

-11.7—51.3-41.5

+1.5+6.6

+60.1-68.3

+0.4-3.3

-16.3-21.8

0.0-15.0+5.0

-0.5-0.4

0.0

+16.1-1.6

0.0-2.1

-11.0-0.8

-0.2

+9.4

+4.8-11.6-5.5-8.7

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1935

637, 748

365, 737143, 548

77, 393

243, 749106, 14184, 392

957, 8068.808

121,058256, 671

62, 44758, 849

. 91, 538

3,830,157

4 1,004, 5474 127, 6864 127, 165

4 83, 4304 333, 610

* 825, 8634 368, 8534 427, 671

* 66, 311

'1,121,072* 307, 738

4 74, 366

1,568,819

446,636404,657687,679722,158

1S26

588,696

320, 957119, 614

78, 180

239, 20198,98379, 456

936. 3739.125

196, 448108,512

55, 34465, 12586, 642

4,078,007

* 1,061, 581< 123, 904* 166, 327

* 79, 8254 316, 4094 845, 7124 393, 7904 476, 699

4 75, 5064 1,236, 014

4 325, 4114 82, 000

1,654,259

490,306385,844737,967803,248

Per ct.in-

crease(+)or de-

crease(-)

cumu-lative1926

from1925

-7.7

—12.2-16.7

+1.0

-1.9-6.7-5.8

-2.2+3.6

+62.3-57.7

-11.4+10.7-5.3

+6.5

+5.7-3.0

+30.8-4.3-5.2

+2.4+6.8

+11.5+13.9

+10.3+5.7

+10.3

+5.4

+9.8-4.6+7.3

+11.28 Revised. 4 Ten months' cumulative, ending Oct. 31.

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48

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are throughNovember except where otherwisenoted. Earlier data for items shownhere may be found on pages 22 to 151of the August, 1926, "Survey"

U. S. FOREIGN TRADE-Continued

Exports

Grand total, includingreexports thotis of dolls

By grand division:Europe-

Total -thous. of dolls..France. thous. of dolls--Germany _ -thous. of dolls ._Italy. _ thous. of dolls._United Kingdom thous. of dolls ..

North America-Total thous. of dolls..Canada thous. of dolls

South America-Total . thous. of dollsArgentina.- 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 dollsFoodstuffs, crude, and

food animals thous. of dollsManufactured foodstuffs ... thous. of dolls. .Semimanufactures thous. of dollsFinished manufactures thous. of dolls. .

Agricultural exports (quantities) :All commodities index number--All commodities except

cotton index number. .

CANADIAN FOREIGN TRADE

Total trade:Imports . _ thous. of dolls ..Exports thous. of dolls. .

1926

July

368, 359

166, 12312, 76920, 39512, 20177, 446

101,91266, 101

37, 29911, 464

54, 40017,8058,625

360,494

72,093

33, 90835,41853, 145

165, 930

82

126

88,605111, 595

August

385, 621

186,96114, 89828, 84410, 81773,496

101, 64069, 118

34, 29011, 725

53, 65414,2569,076

379, 496

76, 677

49, 93242, 93653, 207

156, 744

104

171

89, 67091, 663

Septem-ber

448, 724

224, 18619, 00644,43711,31193, 642

102, 38965, 033

41, 56213, 247

71, 16021, 7549,427

440, 865

120, 607

46,48447,83955,450

170,485

140

176

85, 56393, 327

October

445, 955

235, 57829, 21447, 00414,94597, 631

102, 85568, 377

32, 95711, 060

75,41727, 7249,148

448, 883

167, 167

35, 65847, 52753, 544

144, 987

181

164

88, 127131,489

Novem-ber

481,000

473, 509

168, 602

37, 44045,00161, 618

168, 048

87, 657154, 009

1935

October

490, 567

282, 66934, 05156,48117,392

121, 393

96,48455, 798

31, 13212, 144

73,42133, 4426,861

482, 881

210, 314

19, 31251,47350, 737

151, 045

168

129

80,800144, 520

Novem-ber

447,013

237, 64429, 56039, 12016, 766

107, 247

93, 73953, 650

34, 99113, 230

72, 65429,8618,568

3 439, 657

3 173, 7233 19, 5853 46, 9723 49, 871

3 149, 606

149

124

75, 286141, 359

PER CENT IN-CREASE (+) ORDECREASE (— )

Nov.,1926,fromOct.,1926

+7.9

H-5.5

+0.9

+5.0-5.3

+15.1+15.9

-0.5+17.1

Nov.,1926,fromNov.,1925

+7.6

+7.7

-2.9

+91.2-4.2

+23.6+12.3

+16.4+8.9

CUMULATIVE TOTALFROM JANUARY 1THROUGH NOVEM-BER 30

1925

4, 440, 751

* 2, 119, 929< 222, 522' 395, 241* 170, 904« 811, 666

* 949, 784* 544, 801

* 324, 068< 118, 660

* 529, 330« 172, 518

< 70, 6274, 359, 558

1, 268, 741

296, 707521, 079605, 864

1, 667, 167

813, 2771, 106, 701

1926

4, 337, 104

< 1,814, 5854 207, 152< 272, 2164 126, 0124 756, 910

* 985, 5184 621, 958

* 357, 2104116,488

* 624, 4984 202, 869

4 83, 2934, 255, 573

1,101,467

308, 004455, 070593, 253

1,797,779

926, 5671, 143, 983

Per ct.in-

crease

(^or de-crease(-)

cumu-lative

1926from1925

-2.3

-14.4-6.9

-31.1-26.3-6.7

+3.8+14.2

+10.2-1.8

+18.0+17.6+17.9-2.4

-13. 2

+3.8-12.7-2.1+7.8

+13.9+3.4

3 Revised. 4 Ten months' cumulative, ending Oct. 31.

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Page 53: fraser.stlouisfed.org · UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JANUARY, 1927 No. 65 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC

OF COMMERCECommerce

Solicitor

icensingn of aecV

^rts; ;fostfesag t .air, ki 1iefoaaBties| jteel disseinina-

eoB^a prdduets 1foB|i #duit-teade 4(S ! %et% and.throi^^e^uIa^, &$'&&

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and

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Cx, v-" "n N-J-^.vit: " v -4(tticariba' "\ 1 *"Jil. - * *. ' "«••"-- in oo

*

htazards

^ - B^se rc^oii iieliiini and qperalabn olplanta producing it.Studies in ;t&e economics jwxd maf ketlng jof mii^rals and <«>lr

leefiofi-ef statistics on mineral resotircei and^mine accidents.^le^lss^ianatlon of results of teeimieal ^nd economic

researches ^ia bulletins, 1«ehni0al papers, mineral .recureiilfes, and miscellaneous publieatknas.

OF FISHERIES

,to

Commissionerand <^rfbaiioa of food fish and

pretint^he (Jeple^oa of the^fisherie^ iaTes|igation§sonservatioii. of fisfeery ^esojaraes; the develop-

uaent of ^on£plerdlal fialeries and agricultute? study of tf^harymei odB;" feoaprqy^ttetits in taeJehandismg ^nd 4<dle^Moa offeherjr f f a^sMcij[ admiiiistTaiacm"^ ot Alaska fisheries and farseala; and the protection of sponges off the ©dast of Slorida,

Maintenance of JightEouses aad othettion. Estat>3ishment and maiiitenance

\ ;JL P0i!NjbM, ComtnissioBer " . :

to prater naviga-

light Bists,. Buoy List?, and :p$foes to Mari-ar<fisg these, d« to navigation.

IC^AST AND <JEOBEflG

^^tey ©f:^£^ coasts of the United feites and publication dfcharts for^ilie^nam^tion t>f.41e swiiaee t ^waters, iiicludingMa&a,-tlie Jhfiippine Inlands, Hawaii, Borto Bieo, thV Vlr^ii

" S tte (^nal^one; interior, ebntrol «uTvey45; mag-j 1 e and curr^it observations; and

tfeniof results through eharts,special pubHcatlonsi

OF NAVIGATION, Commissioner.

,^de tables,

of .registering, enrolling:, HcenWSr, numbering,si un(fep,the IJnited ^ates flag, aad the annuft

, a list of such vessels. .-- *: Enforcement of : ihe aayigatiofi and v steamboat inspection

s, fines, ionn%b ta^es, etc. .

INSPECTION SERVICEteegipssi? N.^oovBBjSu^vimaglasj^etQr Gjefieral

, 3$fe in^ecti&ti ojf merchant vessels, !acludisg: boilers, hulls,and life-saving equipment, Mgeasiag^of officers of vessels, certi-fication of able seamen and lifeboat men, and the investigationof yiolaU^s of steamboat inspeetion fewa, ^ V ' - .

: llUliED SPATES PATENT 0FKLCE

^ 3Sie^antlnf of pi^nts and!the,Tegisti:atioa of trade-marks,^prmts; aind Jabefa afte? technieal exananatioii ana judicial pro-ceedings. v ;

;. MitetfinaBc0;0f library 3«dth^ pubUc search rooni^ containingcopef ol foreign *&& IJhited States patents lad tr^dermarks,Recording bills of sale, assignments, etc., relating to patents

l£nd trade-marks. ^ Furnishing copies ol records ^rtainiag 4c-patea^. .: ^ ~ ' _ , " C - .^^ ^ - i - .- ,-; 'i FutKca^oa 6f t^ie weekly Official Gazette, sMwing the pat-ents and trade-marks issued. ~ - /- - -r - RAMO

W. p* BBBM*, Chief -;" v !.stations oa s^ps; inspection of ra^b &$a-

tions on shorer including broadcasting stations; licenaing radi(statioa

,7 — -^ .-and settficg international radio accounts.

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