Survey of Current Business October 1924

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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS

OCTOBER, 1924 No. 38

COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS IMPORTANT NOTICE

In addition to figures given from Government sources9 there are also incorporated for completeness of service figures from other sources generally accepted by the trades, the authority and responsibility for which are noted in the "Sources of data9' at the end of this number

Subscription price of the SURVEY OF CURRENT BUSINESS is* $1.50 a year; single copies (monthly), 10 cents, quarterly issues, 20 cents. Foreign subscriptions, $2.25; single copies (monthly issues) including postage, 14 cents, quarterly issues, 31 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the Survey, $5.50 a year. Make remittances only to Superintendent of Documents, Washington, D. C, by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted. ^v -

WASHINQTON : GOVERNMENT PRINTING OFFICE : 1994 INTRODUCTION The SURVEY OF CURRENT BUSINESS is designed to period has been chosen. In a few cases other base present each month a picture of the business situation periods are used for special reasons. In all cases the by setting forth the principal facts regarding the vari- base period is clearly indicated. ous lines of trade and industry. At quarterly intervals The relative numbers are computed by allowing the detailed tables are published giving, for each item, monthly average for the base year or period to equal monthly figures for the past two years and yearly com- 100. It the movement for a current month is greater parisons, where available, back to 1913. In the inter- than the base, the relative number will be greater than vening months the more important comparisons only 100, and vice versa. The difference between 100 and are given in the table entitled u Trend of business the relative number will give at once the per cent movements" (p. 33). increase or decrease compared with the base period. In the quarterly numbers (see issue for August, Thus a relative number of 115 means an increase of 15 1924, No. 36) blank lines covering the next three per cent over the base period, while a relative number months have been left at the bottom of each detailed of 80 means a decrease of 20 per cent from the base. table which will enable those who care to do so to Relative numbers may also be used to calculate the enter new figures as soon as they appear. approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative ADVANCE SHEETS number at one month is 120 and for a later month it Realizing that current statistics are highly perish- is 144 there has been an increase of 20 per cent. able and that to be of use they must reach the business man at the earliest possible moment, the department INDEX NUMBERS has arranged to distribute advance leaflets almost When two or more series of relative numbers are every week, whenever sufficient material is available, combined by a system of weightings the resulting to those subscribers who request them. The leaflets series is denominated an index number. The index are usually mailed on Thursdays, and give such infor- number, by combining many relative numbers, is mation as has been received during the preceding designed to show the trend oi an entire group of in- week. The information contained in these leaflets is dustries or for the country as a whole, instead of for also reprinted in " Commerce Reports," issued weekly the single commodity or industry which the relative by the Bureau of Foreign and Domestic Commerce. number covers. Comparisons with the base year or The complete bulletin is distributed as quickly as it with other periods are made in the same manner as in can be completed and printed. the case of relative numbers.

BASIC DATA BUSINESS INDICATORS The figures reported in the accompanying tables are The diagrams on page 2 have been prepared to very largely those already in existence. The chief facilitate comparisons between a few oi the more function of the department is to bring together these important business movements. The lines are plotted data which, if available at all, are scattered in hun- on what are known as ratio charts (logarithmic scale). dreds of different publications. A portion of these These charts show the percentage increase and allow data are collected by Government departments, other direct comparisons between the slope of one curve and figures are compiled by technical journals, and still that of any other curve regardless of its location on others are reported by trade associations. the diagram; that is, a 10 per cent increase in an item is given the same vertical movement whether its RELATIVE NUMBERS curve is near the bottom or near the top of the chart. To facilitate comparison between different items and The difference between this and the ordinary form render the trend of a movement more apparent, rela- of a chart can be made clear by an example. If a tive numbers (often called " index numbers," a term certain item, having a relative number of 400 in one referring more particularly to a special kind of number month, increases 10 per cent in the following month, described below) have been calculated. The relative its relative number will be 440, and on an ordinary numbers enable the reader to see at a glance the chart would be plotted 40 equidistant scale points general upward or downward tendency of a move- higher than the preceding month. Another movement which can not so easily be grasped from the ment with a relative number of, say, 50, also increases actual figures. 10 per cent, making its relative number 55, On the In computing these relative numbers the last pre- ordinary (arithmetic) scale this item would rise only 5 war year, 1913, or in some instances a five-year aver- equidistant points, whereas the previous item rose 40 age, 1909-1913, has been used as a base equal to 100 points, yet each showed the same percentage increase. wherever possible. In many instances comparable The ratio charts avoid this difficulty and give to each figures for the prewar years are not available, and in of the two movements exactly the same vertical rise such cases the year 1919 has usually been taken as and hence the slopes of the two lines are directly the base. For some industries 1919 can not be comparable. The ratio charts compare percentage regarded as a proper base, due to extraordinary con- changes, while the arithmetic charts compare absolute ditions in the industry, and some more representative changes. This issue presents practically complete data for the month of August and also, on page 26, items covering September received up to October 14. As most data covering a particular month's business are not available until from 15 to 30 days after the close of the month, a complete picture of that month's operations, including relative numbers, cumulative totals, text, and charts, can not be presented in printed form under 45 days after its close, but the advance leaflets described above give considerable information as early as 15 days after its close and present almost every week the latest data available* Summary for September based upon early items is given on page 2. MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS : : BUREAU OF FOREIGN AND DOMESTIC COMMERCE . BUREAU OF STANDARDS

No. 38 OCTOBER 1924

CONTENTS Page Trend of business movements—Continued. Preliminary summary for September 1 Rubber and hides and leather 38 Business indicators (diagrams and table) 2 Paper and printing _ 38 Comparison of wholesale prices (diagram and table) 4 Buttons _ 39 Business failures in manufacturing and trading estab- Building construction 39 lishments (diagram) 6 Chemicals _ 41 Course of business in August 7 Naval stores and fats and oils 42 Relative production, stocks and unfilled orders (diagram) 8 Foodstuffs 42 Wholesale prices of raw materials, producers' goods, and Tobacco... 45 consumers7 goods (diagram) .. y Transportation _. 45 Employment by maj or industrial groups (diagram) 21 Public utilities and employment 46 Debits to individual accounts (table).__ 24 Distribution movement w 46 September data „ ._ _ 26 Banking and finance 47 Indexes of business (production, prices, sales, etc.— Foreign exchange and trade.. 49 table) . -.:„..! .„_-. 28 Trade and industry of foreign countries, _ 51 Trend of business movements: Detailed tables: Textiles.-. ------33 Architectural terra-cotta bookings _ 52 Metals... _- --- 35 World production of principal crops 53 Nonferrous metals and fuels 36 Sources of data --- 55 Automobiles 37

PRELIMINAEY SUMMARY FOR SEPTEMBER Increased industrial activity in September was September shipments of cement were on about the indicated by reports from the iron and steel, cotton August level. Cement stocks were reduced by more and silk weaving, and the building industries. Pro- than the usual seasonal movement, being, however, duction of pig iron increased 9 per cent over the on September 30 slightly more than 50 per cent larger August output, while the mill consumption of cotton, than the inventories of a year ago. in September, was 25 per cent larger than in the Sales by mail-order houses increased over the preceding month but more than 10 per cent below a previous month while 10 cent chains recorded smaller business than in August. Both mail-order houses year ago. Unfilled steel orders on the books of the and 10-cent chains recorded larger sales volume in United States Steel Corporation on September 30 September than a year ago. Car loadings increased called for a tonnage of 184,000 tons greater than that in a seasonal movement over August but were about at the end of the previous month, while new orders 1 per cent below those of a year ago. Postal receipts for freight cars and unfilled orders for railroad in 50 selected cities increased over both the previous locomotives were larger in September than in August. month and a year ago. Wholesale prices declined in New contracts awarded for building construction September. in 27 northeastern States indicated a slight decline Stock prices, both industrial and railroad, averaged from the awards of the previous month in point of lower in September than in August, while interest aggregate dollar values with a considerable increase rates on call money averaged higher and bond prices over August in new floor space, however. The averaged lower. With bills discounted for member decline in the value of awards was almost solely due banks continuing their decline, investments of Federal to a S3,000,000 drop in residential lettings, all other reserve banks again increased over the previous classes of construction except educational buildings month's holdings. The reserve ratio at the end of recording larger award3 in both value and floor space. September stood at 80.4 against 82.3 at the end of The production of Portland cement declined in August and 76.4 a year ago. Business failures, both September from the output of the preceding month in number and defaulted liabilities, were smaller than but was well above that of a year ago, while the in August.

12643—24f 1 BUSINESS INDICATORS: 1920-1924

^13 monthly averages=100. See explanation on inside front cover. Except for "net freight ton-miles" latest month plotted is August, 1924)

PIG-IRON. PRODUCTION UNFILLED STEEL ORDERS COPPER PRODUCTION 400 300

200 V 100 ! 80 — "* J 60 —x—1 f f Y v \\ / •^ N 40 N 1 / 20 w in

BITUMINOUS\ COAL PRODUCTION COTTON CONSUMPTION NET FREIGHT TON-MILES Ann i • 200

100 V 1 8U Mi \ 60 ff- 40 TV

EXPORTS BANK CLEARINGS-OUTIIDE NEWYOW cm CVALUCS) DEFAULTED LIABILITIES | X 400 §300 k 1 2 200 / \/ fK w 100 80 60 i 40

SALES, MAIL-ORDER HOUSES WHOLESALE PRICES PRICE OF 25 INDUSTRIAL STOCKS 1

1920 1821 1922 1923 1924 1920 1921 1922 1923 1924 1920 1921 1922 1923 1924 BUSINESS INDICATORS The following table gives comparative relative numbers for a selected list of important business movements. It is believed that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore bo exercised in comparing the absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. Where available at the time of going to press, October 14, September Indicators havo been Included, thus bringing this table up to date. It should be noted that the charts on page 2 show August data as the latest plotted.

MONTHLY AVERAGE 1923 1924 COMMODITY 1920 1921 1922 1933 June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May j Juno July AUK. Sept,

1913 monthly average-100

Production: Pig iron 120 54 87 130 144 144 135 122 123 113 114 118 120 135 120 102 79 70 74 80 Steel ingots 135 64 114 144 149 140 146 133 142 124 113 144 151 160 132 104 81 74 101 112 Copper 99 39 81 121 123 124 129 122 129 125 127 131 129 128 130 129 125 127 130 Cement (shipments) - 108 107 131 153 180 186 203 185 193 139 87 70 80 122 173 197 203 225 228 227 Anthracite coal..,. 98 99 58 104 114 109 116 ,. 38 114 102 105 104 100 106 69 102 101 102 03 Bituminous coal 119 87 85 114 114 113 123 116 123 108 100 127 115 100 74 78 70 81 87 Electric energy (gross revenue sales) 2S3 312 349 407 381 375 379 398 420 452 466 488 472 448 429 417 399 331 Crude petroleum . 178 189 224 292 301 315 318 312 323 313 2S4 273 268 288 287 298 236 295 2»8 Cotton(consumption) 105 97 109 117 116 99 106 104 116 114 99 124 109 104 103 69 75 75 77 BeeL 119 113 126 130 126 123 138 134 156 139 123 137 114 115 121 135 110 132 135 Pork 113 117 130 160 157 147 134 116 149 183 205 205 177 ICO 145 151 1M 153 115 Unfilled orders: U. S. Steel Corp 170 90 96 102 108 100 92 85 79 74 75 81 83 81 71 65 54 50 Stocks: Crude petroleum 127 152 234 287 283 291 298 304 312 329 322 321 323 327 331 331 339 343 349 Cotton (total) 155 193 153 125 83 66 64 95 149 169 167 149 132 113 92 74 69 45 44 K Pr!ces:i Wholesale index 226 147 149 154 153 151 150 154 153 162 151 151 152 150 148 147 I 145 147 150 | 149 | Retail food...... 203 153 142 146 144 147 146 149 150 151 150 149 147 144 141 141 I 142 143 144 | 147 | Ketail coal, bitum.... 207 197 183 190 185 185 183 184 186 185 183 180 180 175 168 103 j 163 163 163 127 ] 128 137 ; Farm products 205 116 124 134 133 130 128 130 132 133 135 134 134 128 128 130 129 ! Business finances: Defaulted liabilities.. 108 229 228 197 126 157 150 126 343 217 226 225 158 428 214 100 ! 149 I 101 242 i 150; 205 Price 25 ind. stocks... 184 136 169 185 182 176 177 177 175 181 187 193 192 1S9 183 183 ! 187 I 195 301 | 75 I 78 i 82 86 '> Price 25 K. R. stocks. 67 64 75 72 73 70 68 69 69 70 70 73 73 74 75 Banking: 258 263 j 253 258 i Clearings, N.Y. City. 257 205 230 226 237 211 187 191 225 229 247 202 230 219 2f>S 245 ; 268 254 254 296 277 301 292 256 280 278 275 ! 206 282 203 i 277 | Clearings, outside 275 212 231 264 280 l 77 i 71 (54 59 57 i Com'l paper int. rate. 134 113 80 90 88 89 92 93 93 92 90 88 87 S3 Si Distribution: 215 217 203; 183 185 170 | 191 j 294 140 177 212 214 192 184 170 206 195 193 193 223 Imports (value) 161 ; 143 134 100 I 200 I 331 181 154 168 155 146 150 184 193 194 206 191 177 164 163 Exports (value) 243 I 239 196 211 279 i Sales, mail-order 264 188 204 259 221 109 198 231 335 306 318 271 270 279 300 Transportation: 132 133 117 121 117 121 Freight, net ton-miles 137 105 115 139 139 141 148 144 154 140 122 126

1919 monthly average* 1W

Production: .113 125 129 131 131 124 I 112 132 ! Lumber >__ 100 85 114 126 137 127 133 i 131 137 132 108 107 103 147 136 121 103 i 88 90 I 93 Bldg. contracts 72 102 106 99 90 85 33 116 111 102 Stocks: 41 39 33 38 25 ! 21 21 32 24 19 27 45 43 Beef. 110 109 Ul ! in I 104 91 Pork 91 112 110 59 67 82 93 103 Business finances: 103 105 104 105 105 106 108 i 110 110 100 Bond prices (40 issues) 86 87 107 104 104 103 104 103 102 103 Banking: Debits outside N. Y. 104 i 106 101 116 111 100 109 108 106 ! 101 City._ 114 91 97 107 111 104 99 113 106 Federal Reserve- 18 j 15 44 27 27 25 23 22 Hi 13 Bills discounted.... 132 91 23 39 40 39 42 45 46 41 147 147 147 147 149 j 149 140 ' 144 : 146 146 145 146 146 143 149 Total reserves 97 122 144 146 146 163 1 165 164 i 160 152 162 161 161 163 165 ; Ratio 87 122 154 152 153 156 154 152 152 146

I Wholesale and retail prices from Department of Labor averaged for thei month; 'W™ hard anU * Based on the total computed production reported by 5 asM^ttans. ^eludes «gttara ^pSSS^flth*a totallumber production for the country of 31,552,000,000 soft woods. The total production of these assocaitions in 1919 was equal to lltl9O,ooo,ixw Doara ioec» WHUIMMW board feet reported by the census. COMPARISON OF AUGUST WHOLESALE PRICES WITH PEAK AND PRE-WAR (Relative prices 1913»100)

INDEX NUMBERS 200 300 400 500 €00 700 IFARM PRODUCTS, AVERAGE PRICE TO PRODUCER WHEAT CORN POTATOES COTTON COTTON SEED CATTLE, BEEF HOGS LAMBS FARM PRODUCTS. MARKET PRICE WHEAT. SPRING WHEAT. WINTER CORN. NO.2 OATS BARLEY RYE NOJ2 TOBACCO. BURLEY COTTON WOOL1* GREASE (BOSTON) CATTLE STEERS HOGS. HEAVY SHEEP. EWES SHEEP. LAMBS

FLOUR, SPRING FLOUR. WINTER SUGAR. RAW SUGAR. GRANULATED COTTONSEED OIL 6EEF. CARCASS BEEF. STEER ROUNDS' HAMS. SMOKED (CHICAGO)

COTTON YARN COTTON. PRINT CLOTH COTTON. SHEETING WORSTED YARN WOMEN'S DRESS GOODS SUITINGS SILK. RAW HIDES. PACKER'S HIDES. CALFSKINS LEATHER. CHRQME (BOSTON) LEATHER. SOLE OAK BOOTS AND SHOES (BOSTON) BOOTS AND SHOES (ST. LOUIS) J

COAL, BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM

PIG IRON. FOUNDRY PIG IRON. BASIC STEEL BILLETS BESSEMER COPPER ] PEAK PRICE LEAD I PRICE IN AUGUST TIN ZINC

LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON (NEW YORK) | CEMENT STEEL BEAMS

RUBBER. CRUDE SUL URIC ACID WHOLESALE PRICE COMPARISONS—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS 7£» Uble Up to ^

May, June, August, I Scptem- Per cent MM 1924 1924 Date and maxi- int I 1921 Increase mum relative price (+) «<• COMMODITIES decrease Relative price (-)ln Septem- ber from (1913 avcraffc-108) August

FARM PRODUCTS-AVERAGE PRICE TO PRODUCERS I Wheat— June, 1020 326 122 124 134 147 144 -2.0 Corn July, 1920 300 127 131 159 174 178 +2.3 Potatoes. June, 1920 •700 153 169 183 136 -26.9' Cotton... 312 234 228 186 July, 1920 232 232 165 Cottonseed.. May, 1920 321 186 183 17!) 176 146 -17.0 Cattle, beef.. May, 1919 183 101 9S W 90 94 -2.1 Hogs July, 1919 256 89 87 88 114 113 -0.9 Lambs Apr., 1920 239 187 184 172 106 1C7 +0.0 FARM PRODUCTS-MARKET PRICE Wheat, No. 1, northern, spring (Chicago) May, 1920 354 129 138 153 149 148 -0.7 Wheat, No. 2, red, winter (Chicago) May, 1920 302 10S 1)4 127 133 136 +2.3 Corn, contract grades, No. 2, cash (Chicago).. Sept. 1917 331 126 134 1C9 187 186 -0.5 Oats, contract grades, cash (Chicago) June, 1020 29G 130 133 150 140 132 -5.7 Barley, fair to good, malting (Chicago) Mar., 1918 325 122 124 133 136 139 +2.2 Rye, No. 2, cash (Chicago) Mar., 1918 451 106 115 135 144 ICO + 11.1 Tobacco, burley, good leaf, dark red (Louisville) ,., Mar., 1919 352 212 192 186 186 186 0.0 Cotton, middling upland (New York) Apr. 1920 331 247 235 218 229 191 ~lfl.fi Wool, U. blood combing, Ohio and Pennsylvania fleeces (Boston). Apr., 191S 30S 196 176 176 192 212 + 10.4 Cattle, steers, good to choice, corn fed (Chicago) Mar., 1919 218 121 113 112 112 10C -5.4 Hogs, heavy (Chicago) •-.. July, 1919 266 89 87 93 115 118 +2.6 Sheep, ewes (Chicago) Apr., 1918 319 141 103 103 127 115 -9.4 Sheep, lambs (Chicago) Feb., 1920 203 182 189 176 170 1C9 -0.6 FOOD Flour, standard patents (Minneapolis) May, 1920 328 145 150 163 164 162 -1.2 Flour, winter straights (Kansas City).-- ... May, 1917 363 142 145 152 102 158 -Z5 Sugar, 96° centrifugal (New York) May, 1920 598 161 145 145 154 170 +10.4 Sugar, granulated, In barrels (New York)... May, 1920 526 170 152 153 155 107 +7.7 Cottonseed oil, prime summer yellow (New York). July, 1919 374 135 144 107 192 150 -21.0 Beef, fresh carcass good native steers (Chicago) Sept. 1920 201 131 129 127 127 127 0.0 Beef, fresh steer rounds No. 2 (Chicago) July, 1920 211 129 134 130 129 122 -5.4 Pork, smoked hams (Chicago) July, 1919 231 117 118 123 134 0.0 CLOTHING Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)-.. May, 1920 348 192 191 190 189 175 Apr., 1920 478 192 198 197 202 10O -5.9 Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston) 189 r Cotton, sheeting, brown 4/4 Ware Shoals L. L. (New York) May, 1920 427 177 177 175 179 — T 2S9 212 206 200 206 212 +2! 9 Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) Jan., 1920 184 184 Women's dress goods, storm serge, all-wool, dbl. warp. 50 in. (N. Y.) Oct., 1918 292 184 184 0.0 291 239 233 233 233 233 0.0 Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (New York). July, 1920 167 149 Silk, raw Japanese, Kansas No. 1 (New York) - Jan., 1920 466 132 137 14S -10.8 65 68 71 85 fc7 +2.4 Hides, green salted, packer's heavy native steers (Chicago) Aug., 1919 2S3 95 103 105 +1.9 Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Aug., 1919 490 88 91 171 171 0.0 Leather, chrome calf, dull or bright "B" grades (Boston) Nov., 1919 473 !. 171 160 160 Aug., 1919 230 i 103 95 95 98 99 +1.0 Leather, sole, oak, scoured backs, heavy (Boston) 308 ! 201 201 201 201 201 0.0 Boots and shoes, men's black calf, blucher (Massachusetts) - Mar., 192ff 153 153 153 0.0 Boots and shoes, men's dress welt tan calf (St. Louis) - Aug. 1919 153 FUEL 336 154 15* 154 154 154 0.0 Coal, butuminous, mine run lump, Kanawha (Cincinnati) Sept,, 1922 212 214 216 +0.9 Coal, anthracite, chestnut (New York tidewater) Nov., 1923 216 208 210 637 140 132 121 123 128 +4.1 Coke, Connellsville (range of prompt and future) furnace—at ovens Aug., 1920 166 166 147 141 -4.1 Petroleum, crude, Kansas-Oklahoma—at wells - Mar., 1920 375 186 METALS 131 135 July, 1917 346 141 134 130 +3.1 Pig Iron, foundry No. 2, northern (Pittsburgh) 134 129 129 129 0.0 Pig Iron, basic, bailey furnace Sept. 1920 330 139 141 July, 1917 388 149 147 147 146 -3.4 Steel billets, Bessemer (Pittsburgh) 79 85 83 -2.4 Copper ingots, electrolytic, early delivery (New York). Mar., 1917 230 81 182 1S4 June, 1917 166 161 162 +1.1 93 95 103 115 110 -4.3 May, 1918 224 114 112 June, 1915 386 106 106 107 -l.S

BUILDING MATERIALS AND MISCELLANEOUS Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg Feb., 1920 455 181 172 167 172 173 ; +0.C v district) r - Jan., 1920 407 190 179 179 174 174 0.0 Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (Washington) Feb., 1920 381 305 305 244 206 213 ! +3.4 Brick, common red, domestic building (New York) 173 173 173 173 173 0.0 Cement, Portland, net without bags to trade, f. o. b., plant (Chicago dist.) Sept., 1920 195 June, 1917 331 157 151 146 142 136 -4.2 Steel beams, mill (Pittsburgh) - Jan., 1913 124 21 20 21 26 28 +7.7 Rubber, Para Island, fine (New York) Feb., 1916 250 70 70 70 70 0.0 Sulphuric acid, 66° (New York) -, 70 BUSINESS FAILURES BY PRINCIPAL CLASSES OF ESTABLISHMENTS

(Data plotted are 12-month moving monthly averages. August, 1024, latest month) 2.00C i r—i i i I 1 I 1 1 1 i 1I I I I I

G OCERIES, MEATS, AND FISH ALL MANUFACTURERS

AND C&OTHING

UMB R AND LUMBER PRODUCTS

SOLID LINES DENOTE TRADING ESTABLISHMENTS BROKEN LINES DENOTE MANUFACTURING ESTABLISHMENTS BUSINESS SUMMARY

(Index and relative numbers based on the 1919 monthly average as 10O—except unfilled orders which are based on the 1920 avernge-

1923 Ym CENT INCH BASK (+) OR DECUEASK (—)

Awrt from! »,»£• June July August April May June I July ! August July

PRODUCTION: Manufacturing (64 commodities) 126 114 121 us 112 100 100 | 10!) + l>. 0 10. 0 Raw materials, totaL 95 98 121 87 95 90 98 1 122 + 24. 4 id S Minerals . _ _ _ 145 148 155 106 124 122 125 I 126 + 0.7 -IS. 7 Animal products 119 128 110 118 124 317 117 ; 108 -7. 7 -!. H Crops 54 54 113 54 60 56 73 | 129 + 70. 7 ]. j I. 2 Forest 133 124 136 126 130 118 111 | 124 + 11,7 -8. S Electric power 139 140 144 146 148 141 142 147 +3. 5 + 2. 1 Building construction (awards) . - _ 99 90 85 136 124 103 88 i 90 i-5. s STOCKS OF COMMODITIES (45 commodities): Unadjusted index 103 102 104 135 129 126 123 121 -1. II Corrected for seasonal variation l -_ 115 114 125 137 143 133 131 134 + 2. 2 UNFILLED ORDERS (relative to 1920) _. 77 68 60 54 47 43 44 46 + 4. 5 -23. 3 SALES (based on value): Mail-order houses (4 houses) 86 74 73 114 90 89 69 74 + 7.2 H. 4 Ten-cent chains (5 chains) 154 143 153 178 174 162 163 172 + 5.5 t-12. 4 Wholesale trade 83 79 88 78 76 75 78 83 + 6,4 -5.7 Department stores (359 stores) _ — 127 89 100 132 127 119 91 93 + 2. 2 -7.0 PRICES (recomputed to 1919 base): Wholesale, all commodities ~ - - 74 73 73 72 71 70 71 73 + 2.S 0.0 Retail food - .77 79 78 76 70 76 77 0.0 -1.3 77 COST OF LIVING (1919 base) -- 93 94 94 94 94 94 95 +1.1 f 1. 1 94 FACTORY EMPLOYMENT (1919 base) 2-_-_ 94 93 93 88 84 81 79 0.0 -15. 1 79 TRANSPORTATION: -18.0 Net freight ton-mile operation _ - 115 117 122 97 103 97 97 100 + 3.1 143 113 118 100 105 128 101 110 + 8.9 -6.8 Car loadings (monthly total) ~ — -40, 0 -53.2 Net available car surplus (end of mo.) — 28 40 25 199 205 216 195 117

1 Comparable data back to 1919 were published in April, 1924, SURVEY, p. 28. .; Based on new series, including repoits from several thousand firms. See page 180 of the August, 1924, SURVEY; also pp. 120-132, April, 1924, Monthly tabm Rt$\t\s published by the U. S. Department of Labor. COURSE OF BUSINESS IN AUGUST GENERAL SUMMARY Manufacturing activity during August was in month and a year ago. Interest rates again averaged general on a higher level than in the preceding month. lower for both call money and commercial paper Production increases over the previous month in while the Federal reserve ratio at the end of August individual commodities were noted in pig iron, steel was slightly below the July end-of-month condition. ingots, rubber tires, automobiles, petroleum, bitu- Factory employment showed relatively no change Bainous coal, copper, lead, gold, silver/lumber, cement, from the previous month while retail food prices and wheat flour, boots and shoes, sole leather, and in the the cost of living continued to advance. Defaulted ***ill consumption of cotton and wool* Declines from liabilities of failing firms were larger in August than the output of the previous month were registered in in either the preceding month or a year ago. Car anthracite coal, zinc, meats, and locomotives. loadings although below a year ago were larger than New awards for building construction were larger in July while wholesale prices at 50 per cent above than in either July or a year ago. Sales of mail-order pre-war averaged 2 per cent higher than in July. houses and 10-cent chains in August exceeded those Imports of merchandise into the United States de- of the previous month and August a year ago. The clined from July and a year ago while exports from dollar volume of business as measured by bank debits the United States were larger than in either of these to individual accounts increased over the preceding comparative periods. 8

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS IN BASIC INDUSTRIES (Monthly averages 1920=100. Unfilled orders are principally those for iron, steel, and building materials.)

160

150

1924

SUMMARY OF INDEXES OF BUSINESS PRODUCTION The production of forest products as indicated by Production of manufactures, as measured by the index the combined index based on 1919 as 100 stood at .124 of 64 commodities based.on the 1919 monthly average for August compared with 111 for July and 136 a year production as 100, stood at 108 for August compared ago, all products of the forest sharing in the general with 100 for July and 121 a year ago. All industrial decline from a year ago. groups registered increased output over the previous COMMODITY STOCKS month except foodstuffs and tobacco, while the August Commodity inventories of manufacturers on August production of foodstuffs, chemicals, stone, clay, and 31, as measured by the index of 45 basic commodities glass products, and nonferrous metals was larger than based on average monthly stocks in 1919 as 100, stood the output of these manufacturing groups a year ago. at 134 after adjustment for normal seasonal condi- The weighted index of mineral production at 126 tions as against 131 for July 31 and 125 a year ago, for August compares with 125 for July and 155 a year the increase in the general index being due to advances ago. Declines in the output of minerals from, the in all commodity groups except manufactured food- production of August, 1923, were recorded in petro- stuffs. leum, coal, both anthracite and bituminous, iron ore, SALES zinc, and gold, while the August output of domestic Manufacturers' sales tended to increase in August. mines registered increases over the previous month The unfilled order index for eight basic commodities, in petroleum, bituminous coal, copper, lead, and silver. principally iron, steel, and building materials, based The movement of crops to market, as indicated by on 1920 as 100 stood at 46 for August 31 as against 44 the weighted index based on 1919 average monthly on July 31 and 60 a year ago. marketings as 100, stood at 129 as against 73 for July The index of wholesale trade, based upon the 19iy and 113 a year ago, all groups except cotton and mis- monthly average as 100, stood at 83 for August as cellaneous crops coming*to market in larger volume against 78 in July and 88 a year ago, declines from a in August than a year ago. year ago being noted in all lines except meats. The index of animal marketings stood at 108 for Sales of mail-order houses, as measured by the in e* August as against 117 for July and 110 a year ago, of four houses based on 1919 as 100, were computed a declines from a year ago being noted in the marketings of all animal products except wool, sheep, poultry, 74 for August as against 69 for July and 73 a year ago. fish and milk. The index of sales of five 10-cent chain systems stoo at 172 as against 163 in July and 153 a year ago. PRICES at 130 compare with 130 and 137, and consumers' Prices received by producers of farm products, as goods at 156 compare with 153 and 154. On this measured by the new monthly index of the Department page is given a chart showing the comparison since of Agriculture based on the average prices during the 1913 between prices for raw materials, ^producers' period 1909 to 1914 as 100, stood at 137 for August as goods, and consumers' goods. Dun's and Brad- against 130 for July and 128 a year ago. All groups street's index numbers of wholesale prices showed of farm products except fruits and vegetables partook relatively the same increase over July. of this general increase over the previous month, with The Federal Reserve Board's indexes of wholesale the principal increases occuring in the prices paid to prices for international comparison showed an advance producers for their grain, meat animals, and cotton. for the United States from 150 to 158; a decline in the The wholesale price index of the Department of British index from 174 to 173; an increase in tho Labor, based on 1913 average prices as 100, stood at French index from 440 to 442; an increase in Canadian 150 for August as against 147 for July and 150 a year prices from 147 to 149; and an advance in tho Japanese ago, all groups sharing in this general advance, except index from 191 to 196. Wholesale prices in Sweden fuel and lighting which declined, and metals, building and India also advanced in August over tho previous materials, and house furnishings which remained month. stationary. As regrouped by the Federal Reserve Retail prices of food, as measured by tho index of the Board this index shows agricultural products at 195 Department of Labor based on 1913 average prices as against 176 in July and 152 a year ago, animal products 100, stood at 144 for A\igust as against 143 for July and at 123 against 114 and 125, forest products at 175 146 a year ago. The cost of living index advanced against 175 and 203, and mineral products at 166 from 162 to 163 and compares with 162 for August a against 167 and 177. The group price index for raw year ago. Other groups remaining stationary, ad- products at 154 compares with 152 for July and 153 vances in food and clothing costs alono accounted a year ago, while the price index for producers' goods for the increase in the general index. WHOLESALE PRICES FOR RAW PRODUCTS, PRODUCERS' GOODS, AND CONSUMERS' GOODS (1913 average prices taken as 100. August is latest month plotted)

260

12643—24t 2 10 REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES period of 1923. Although August imports of raw Receipt? of wool at Boston in August were slightly cotton were 21 per cent larger than in August, 1923, lower than in the previous month, but were 77 per cent the total inward movement during the first eight above a }rear ago, the decline from the previous month months of 1924 indicated a decline from the same reflecting smaller receipts of domestic wools. Both period of a year ago amounting to 27 per cent. Ex- domestic and foreign wools wore received in larger ports of unmanufactured cotton increased in a sea- volume than a year ago, the percentages of increase sonal movement over July, the August shipments over August, 1923, receipts being 85 and 36, respec- abroad representing an increase of 14 per cent over tively. , Imports of unmanfactured wool increased the same month of 1923. The total outward move- over the Juty figures, but were 16 per cent below the ment of raw cotton during the calendar year thus far, imports of August, 1923. During the iirst eight amounting to 2.727.841 bales, represents an increase months of 1924 a total of 190,793,000 pounds of wool of 24 per cent over the same period of 1923. were imported into the United States, representing Consumption of cotton by textile mills increased a decrease from the same period of 1923 equivalent 3 per cent in August over the preceding month, but to 4G per cent. was 27 per cent below the same month of 1923. Consumption of wool by textile mills increased During the first eight months of 1924 a total of over the previous month while machinery activity in 3.516,510 bales of cotton were consumed, representing woolen mills likewise registered an increase over July. a decline of 22 per cent from the consumption during Average prices of raw wool and worsted yarns in- the same period of 1923. Total stocks of raw cotton creased in August, while prices of dress goods and held at mills and warehouses aggregated 1,364,000 suitings remained unchanged. bales on August 31 as against 1,983,000 at the end of August last year. The world visible supply of WOOL CONSUMPTION AND IMPORTS (Consumption computed to 100 per cent of industry) American cotton at the end of August was 10 per cent below a year ago.

EXPORTS AND CONSUMPTION OF COTTON

More spindles were active in August than in July and the activity per spindle was likewise greater, | while compared with a year ago large decreases were i registered. Spindle activity in terms of percentage , represented 62.8 per cent of mill capacity in August as against 60.6 in July and 85.7 a year ago. Orders, billings, and shipments* of cotton goods in finishing plants increased in August over the previous : month but compared with a year ago declines in all | three of these items were recorded. Stocks of finished i goods held by finishers declined from both the in- Receipts of cotton into sight in August increased | ventories on July 31 and a year ago. Operating in a seasonal movement, but were 27 per cent below ! activity of cotton finishers indicated operations a year ago. For the calendar year through August amounting to 47 per cent of capacity as against 4o a total of 3,866,000 bales of cotton were brought into per cent in July and 52 per cent a year ago. Average sight, an increase of 10 per cent over the corresponding I prices for raw cotton in the New York market were 11 lower than those in July while wholesale prices for the production in the same period of 1923. Unfilled print cloth and sheeting averaged higher in August orders for steel on the books of the U. S. Steel Cor- than in the previous month. Average prices for cotton poration on August 31 recorded an increase of 3 per yarns declined in August. cent over the figures on forward business as of July 31. Imports of silk increased 9 per cent in August over New bookings for steel castings declined in August the preceding month, while the total inward move- froni both the previous month and August a year ago. ment of raw silk during the eight months ending Production, shipments, sales, and unfilled orders for August 31, amounting to 34,131,000 pounds, regis- steel sheets by independent steel mills increased in tered a decline of 17 per cent from the imports during August over the previous month, the August produc- the same period of 1923. Deliveries of silk to con- tion being equivalent to 05.2 per cent of plant capac- suming establishments in August were 5 and 12 per ity, as against 48.7 per cent in July. Wholesale cent smaller, respectively, than in the previous month prices of steel averaged lower in August. or August a year ago. Silk stocks on August 31 were Shipments of locomotives from principal manu-. 18 per cent larger than the inventories of a year ago, facturers totaled 139 in August as against 140 in July while the wholesale price of Japanese silk in the New and 272 a year ago. During the first 8 months of 1924 York market, although 13 per cent higher than in a total of 990 locomotives were shipped to domestic July, averaged 17 per cent below a year ago. and foreign railroads as against 1,916 in the same Imports of burlap in August increased over both period of 1923. On August 31 orders for 361 locomo- the previous month and a year ago, while the total tives were as yet unfilled as against 483 on July 31 and inward movement during the first eight months of 1,497 a year ago. Freight-car orders in August in- 1924, amounting to 404,825,000 pounds, was 1 per creased over both the previous month and a year ago. cent below the imports in the same period of last Sales of mechanical stokers, in point of horse power, year. Unmanufactured fibers were imported in increased in August but were 42 per cent smaller than smaller volume in August than in July, but were 22 a year ago. per cent larger than a year ago. For the eight months ending August, 1924, the total imports of fiber LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS amounted to 205,713 tons, a decline of 6 per cent (August, 1921 latest plotted) tr 2.600 from the same period of a year ago. UJ s«» Q fc IRON AND STEEL 12,250 £ 450 / 1 \ 3 t Shipments of iron ore from the mines declined in O t | 2.000 5 400 NlJMI3EF N u LL ED ORDER August both from the previous month and a year z f ago. Receipts of iron ore at lake ports also declined 1 from these two comparative periods, while consump- 350 tion of iron ore in August, although only one half as 5 g (.500 large as a year ago, registered an increase of 9 per 300 1 1 f cent over the preceding month. NLJMI3Ef 1.250 | The output of pig iron increased 6 per cent in 250 I 'SKUPl'EC> i » 1 August, but was 45 per cent below the production of | / r 1,000 ; a year ago. For the first eight months of 1924 the I \f figures indicate pig iron production amounting to 21,- f 750 150 1 _ 091,000 tons as against 27,969,000 tons during the tf r * same period of 1923. Seven furnaces were blown in i ]\ | A f 500 \ t if during August, making the total in blast 151 as against \ J i 240 a year ago and increasing the August capacity to 63,000 tons per day from the July capacity of 55,350 250 50 \r •

tons. The output of merchant pig iron declined in 0 0 August, while sales, shipments, and unfilled orders in- S3 i 3 Si! iit$i i i creased. Wholesale prices of pig iron averaged higher 1920 1921 1922 in August, but were more than 20 per cent below a 1923 1924 1 year ago. Shipments of steel furniture increased 6 per cent Steel-ingot production increased 36 per cent over over the July totals but were 12 per cent smaller than July, the August output, amounting to 2,542,000 tons, a year ago. During the eight months ending August being 31 per cent below a year ago. For the eight steel office furniture valued at SI 1,594,000 was shipped months ending August 31 the output of steel ingots by manufacturers, representing an increase of 2 per totaled 24,060,000 tons, a decline of 21 per cent from cent over the same period of 1923. 12

Bookings of fabricated structural steel, at 59 per MINING AND INDUSTRIAL LOCOMOTIVES cent of capacity, compared with 69 per cent in July and 57 per cent a year ago. Shipments of structural QUARTER ENDING QUABTER ENDING JUNE, 30,1924 MAR. 31,1924 steel equaled 73 per cent of capacity as against 81 in TYPE OF LOCOMOTIVE July. Comparisons for earlier periods as reported to Number Number shipped Value shipped Value the Department of Commerce by 189 identical firms (and 7 additional firms now out of business), with a Mining locomotives: Trolley type 98 $486,493 112 $554,950 present capacity of 245,540 tons per month, are shown Storage-battery type 36 162,353 28 128,615 below, based on a total capacity of 250,000 tons per Total -„..... 134 648,846 140 683,565 month in 1922 and 260,000 tons in 1923 and 1924: Industrial locomotives: Trolley or third*rail type 9 150,112 19 147,139 FABRICATED STRUCTURAL STEEL Storage-battery type - 12 69,714 26 143,892 Total 21 219,826 45 291,031

BOOKINGS SHIPMENTS OF ELECTRIC LOCOMOTIVES, TOTAL FOR 1923 Per Per Actual cent Computed cent Computed of ca- tonnage of ca- tonnage tonnage Number pacity pacity TYPE OF LOCOMOTIVE Value shipped

1922 April.. 205,573 212,500 Mining locomotives: May 191,218 197,500 Trolley type..... 1,024 $4,628,981 Juno 175,498 182,500 Storage-battery type 249 1*291^885 July 164t3S9 170,000 August 163,791 170,000 Total ... 1,273 5,920,866 September. 153,353 160,000 October 138,791 145,000 [ndustrial locomotives: November. 118,493 122,600 Trolley or third-rail type 10 60,912 December.. 145,230 150,000 Storage-battery type 51 239,362 1923 Total™-. L. - 61 300,304 January.. __ 179,337 187,200 February... 192,270 200,200 March 229,733 239,200 April 193/639 202,800 NONFERRdUS METALS May 140,558 145,600 June 125,531 130,000 July 125,105 130,000 The output of copper by domestic mines amounted August 143,402 148,200 September. 129,999 135,200 to 133,140,000 pounds in August, an increase of 3 per October 121,298 127,400 205,400 November. 132,606 140,400 182,000 cent over the July production and 1 per cent over the December-. 195,607 208,000 174,200 output a year ago. Copper exports totaled 81,781,000 1924 January... 175,639 187,200 163,800 pounds, representing an increase of 5 per cent over the February.. 179,866 189,800 156,000 March 174,465 184,600 169,000 previous month and 19 per cent over a year ago. The April 159,254 169,000 184,600 May 145,430 153,400 184,600 wholesale prices of electrolytic copper in the New York June 161,525 171,600 200,200 July 1167,504 179,400 210,600 market averaged 7 per cent higher in August. August * 137,400 153,400 New orders and shipments of brass faucets declined 1 Reported by 182 firms with a capacity of 243,880 tons. * Reported by 154 firms with a capacity of 234,170 tons. in August from both the previous month and a year ago, while sales of tubular plumbing goods in August The following table shows statistics of steel barrels increased over these two comparative periods. reported to the Department of Commerce by 29 man- The production of'zinc declined in August from the ufacturers operating 34 plants, in number of barrels: output of the previous month, while the number of re- STEEL BARRELS (IN NUMBER OP BARRELS) torts in operation at the end of the month was larger than on July 31. Stocks of zinc held on August 31 Unfilled were 3 per cent lower than the inventories at the end On band Manufac- On hand orders, MONTH first of tured Shipped end of end of of the preceding month, but were 92 per cent larger month month month than those held on August 31, 1923. Wholesale prices January.- 45,588 307,189 303,668 49,109 615,485 of zinc averaged higher in August. February. 49,109 370,966 362, 725 57,350 608,660 March 57,350 394,478 394,756 57,072 601,663 Tin stocks in the United States declined, the inven- April 57,072 416,628 420,129 53,571 614,102 May. .53,571 418,381 425,397 46,555 582,022 tories on August 31 indicating, however, an increase June 46,555 385,155 382,550 49,160 421,870 July 56,490 407,258 47,629 519,034 over a year ago equivalent to 20 per cent. Deliveries August... 46,398 385,354 388,141 43,611 1690,430 of tin to consuming establishments increased 22 per l Of the total unfilled orders on hand at the end of August, 194,131 barrels were for cent in August but were 13 per cent below those of a delivery within 30 days, and 496,349 barrels for delivery at later periods. year ago. Imports of tin in August were 31 and 41 per The following data on shipments of mining and cent, respectively, below the inward movement of tM industrial locomotives were reported to the Depart- previous month and a year ago. The wholesale price ment of Commerce by nine firms comprising practically of tin in August averaged 12 per cent and 32 per cent, the entire industry: respectively, higher than a year ago. 13 RELATIVE PRODUCTION AND STOCKS OF ZINC month and a year ago, while the wholesale and retail prices showed no change from thoso prevailing in July. The output of anthracite coal in August was 9 per cent and 20 per cent lower, respectively, than tho production in tho previous month and in August a year ago. Anthracito exports also declined from these comparative periods. Wholosalo prices of chestnut coal in the New York market avcragod 1 per cent higher than August. Below is given a table showing, for specified dates, estimated stocks of bituminous coal in the United States and stocks of anthracito coal held by 504 retail dealers as compiled by tho Department of Commerco in cooperation with the United States Geological Survey.

STOCKS OF COAL ON FIRST OP MONTH

ESTIMATED BITUMINOUS RETAIL ANTHRACITE IK UNITED STATES (501 DEALERS)

YEAR AND MONTH Days* Short tons Sbornons supply *

1919: January s'900,000 080,923 ! 36 April 40,400,000 31 1920: March 24,000,000 June 20,000,000 575,43* J 1921: The output of lead in August was larger than in January 45,800,000 758,831 i 24 April 39,500,000 either the previous month or a year ago, while the August 41,000,000 November.. 48,600,000 47 average price of lead was likewise higher than in either 1922: January 48,000,000 1,431,217 | 44 of these two periods. March 52,500,000 April *63,000,000 Data for August reported by 11 manufacturers of September.. 22,000,000 17 I'A 127 October 26,000,000 21 collapsible tubes to the Department of Commerce November.. 32,000,000 23 1923: follow (including one company not reporting orders): January. 136,000,000 20 419,775 February!.. * 38,000,000 24 March 136,000,000 22 June l 42,000,000 30 COLLAPSIBLE TUBES July * 46,000,000 37 August * 62,000,000 44 25 September.. »£6,000,000 M6 812,109 21 October >00,000,000 >45 691,073 22 June July August 1924: January »62,000,000 '46 1,076,763 37 June.. »51,000,000 »49 1,169,510 49 Number of gross September- » 47,000,000 i *45 3,390,032 55

1 At current rate of consumption, Production 163,746 155,266 148,678 Tin. 137,395 137,272 126,512 * At least 63,000.000 tons. No canvass made of consumers for this date. Lead._ 24,410 14,742 20,101 • Subject to revision. Composition 1,941 3,252 2,065 Shipments 152,910 157,124 147,412 Beehive coke production was smaller in August than Tin 132,823 134,191 124,750 Lead 18,188 19,912 20,554 in July and a year ago, while the output of by-product Composition*- . ... 1,899 3,021 2,108 coke was larger than in July. Coke was exported in Orders booked 158,201 124,428 98,136 Tin 142,584 114,513 90,400 smaller volume in August than in either the previous Lead 11,758 8,390 6,388 Composition 3,859 1,516 1,339 month or a year ago, while the wholesale price of coke Cancellations 36 698 1,774 at Connellsville averaged slightly higher in August Tin. ;.;• _:_""::„_:".:" •;: 11 238 75 Lead " mm 25 460 0 than in July. Composition- 0 0 169 The output of crude petroleum increased in August Unfilled orders, end of month 349,160 317,862 291,955 Tin 294,503 274,194 253,921 over the previous month but was 10 per cent below Lead. . 33,728 24,244 21,078 Composition...... 20,929 19,424 16,956 the production of a year ago. During the eight months ending August the production of crude aggregated 474,783,000 barrels, an increase of 122,000 FUELS barrels over the output during the same period of Bituminous coal was produced in larger volume in 1923. Stocks of petroleum continued to accumulate, August than in July, but the August output was 29 being, on August 31,17 per cent larger than the inven- per cent below that of a year ago. Exports of bitu- tory of a year ago. Consumption of crude in August minous declined in August from both the previous was less than in either the previous month or a year ago, while [for the eight-month period ending August Exports of automobiles in August were larger than 31 the consumption, amounting to 490,788,000 barrels, in both the previous month and August a year ago. represented an increase of 6 per cent over the same The August truck exports indicated smaller volume period of last year. Fewer oil wells were completed than in July or a year ago, the increase in total auto- than in July or a year ago, while thus far this year 14 mobile exports over these two comparative periods per cent fewer were opened for production than during being due to larger shipments abroad of passenger cars. the^eight-month period ending August 31, 1923. The RUBBER wholesale price of petroleum averaged lower'in August. Imports of crude rubber were 12 per cent larger AUTOMOBILES than in July and 14 per cent larger than in August a year ago. During the first eight months of 1924 The total output of automobiles, both passenger crude rubber imports totaled 455,839,000 pounds,repre- and truck, recorded an increase of 6 per cent over the senting a decline of 13 per cent from the shipments July production, but the August figures were 19 per into the United States during the same period of 1923. cent below a year ago. Passenger-car production in Production and shipments of pneumatic tires, inner August totaled 251,631 cars as against 237,668 in July tubes, and solid tires increased in August over both and 314,431 a year ago, while the output of trucks the previous month and a year ago, while stocks of amounted to 27,484 as against 25,235 in July and these three classes of rubber tires on August 31 were 30,872 a year ago. Thus far this year the total output considerably below the inventories of a year ago. of passenger cars and trucks amounted to 2,540,187 Consumption of crude rubber by tire manufacturers vehicles as against 2,704,541 produced during the also increased in August over the previous month and eight months ending August 31, 1923. a year ago.

PRODUCTION, SHIPMENTS, AND STOCKS OF PNEUMATIC TIRES CUMULATIVE PASSENGER AUTOMOBILE PRODUCTION AT THE END OF SPECIFIED PERIODS

/ 35 f

f 30 A

CO a

CO o 1923 / / LL 20 ft o f CO a f • LU s t, i 6 DC / i.6 192 X HIDES AND LEATHER V / Imports of hides and skins in August were, smaller A than in the previous month and a year ago. As com- f 10 pared with a year ago, the imports of calfskins and cattle hides were larger, while goatskin and sheepskin // imports were smaller. The total inward movement of • hides and skins during the eight-month period ending S f y August 31, amounting to 230,280,000 pounds, repre- 4 sented a decline of 46 per cent from the imports during the same period' of 1923. Prices of cattte hides and 0 calfskins averaged higher in August than in July or a j d > 6 =) 9 o w year ago. Z Q 15

The production of sole leather, harness leather, and BOXDOARD skivers increased in August, the output of these species STOCKS i)¥ WASTE of leather, however, being considerably below a year (END OP MONTH) Un- Con* ago* Exports of both sole and upper leather increased Opera- Produc* Orders filled sump- tion tion re- orders tion of in August over the previous month and a year ago, YEAR AND ceived (end ; waste On In while the wholesale prices of leather averaged higher MONTH of mo.) paper hand transit in August than in July. Inch Sales of leather belting in August, although 2 per hours Tons cent larger than in July, were 30 per cent below a year 1923 November 6,235,129 142,001 14a 680 60,302 129,601 128,39399 0,0,424 8 20, IM ago. The output and exports of boots and shoes in December Gt 1S8,1S2 140,553 144,410 77,263 128,970 149,070 11,090 19,982 August registered increases over their respective July 1924 January... 7,183,900 160,817 180,370 02,058 Ul, 145 114,137 13,224 30,541 totals, while wholesale prices of shoes showed no February 0,773,994 I5G,00f 158,775 88,214 148,329 107,720 12,953 March 7,699,404 176,293 152,861 85,989 105,986 124,774 13, MT 21, S7; change. April 7,629,777 167,5S0 146,018 60, «H 155,790 127,392 11,533 2.1, rm May 7,497,308 101,820 147,901 05,811 153,848 129,950 11,032! 20, r,4 The following table shows the number of leather June 6,002,222 141,641 151,161 81,399 139,883 145,512 13,074 33,522 gloves and mittens cut in August, with comparisons July 6,028,4SS 141,364 165,871100,83' 7 137,688 150,040 10,039! 34,370 for August, 1923, as reported to the Department of Commerce by 206 identical establishments. BUILDING CONSTRUCTION Building costs in August showed no change from the LEATHER GLOVES AND MITTENS CUT (IN* DOZEN PAIHS) previous month, but were about 5 per cent below a year ago. Contracts awarded for now building AUGUST, 1924 AUGUST, 1923 construction were larger than those of the previous

Women's Women's month and August a year ago. The contemplated Men's and chil- Men's and chil- And boys' dren's and boys' dren's expenditure of. contracts awarded during the first eight months of 1924, amounting to 82,612,212,000 Dress and street gloves, etc-, 51,258 10,928 66,503 16,787 for 27 States represents an increase of 11 per cent Imported 24,017 8,690 31,365 14,635 Domestic 27,241 2.23S 35,138 2,152 over the awards of the same period of 1923. Of this Work gloves, mittens, etc 123,914 135 136,211 619 amount $1,234,775,000 represents residential building, an increase of 19 per cent over 1923; 8349,427,000 PAPER AND PRINTING business building, an increase of 14 per cent; Imports of wood pulp, both mechanical and chemi- $187,977,000 educational building, an increase of cal, were larger in August than in July, while for chemi- 20 per cent; and $225,797,000 other public and cal pulp the August imports were also larger than a year sernipublic building, an increase of 28 per cent. ago. During the first eight months of 1924, 909,802 The following monthly statistics covering the awards tons of wood pulp, both species, were imported into for construction in 36 States represent seven-eighths the United States as against 904,682 tons during of the total awards in the United States: 'the same p'eriod of 1923. CONSTRUCTION CONTRACTS AWARDED IN 36 STATES l Production and shipments of newsprint paper in August increased over the July figures but were below 1924 1023 a year ago. During the year 1924 through August the CHARACTEB OF CONSTRUCTION output of newsprint totaled 980,767 tons, a decline of July August August 4 per cent from the total output during the same Grand total: Value -.-.thousands of dollars..1 347,184 354,443 293,629 period of 1923. Imports of newsprint declined in Floor space thousands of sq. ft..1 50,522 50.767 47,010 Number of projects I 10,821 11,093 9,846 August from both the previous month and a year ago, ;,., ' i- Business: ' while for the eight months ending August 31 the Value thousands of dollars..i 49,346 41,151 37,457 Floor space thousands of sq.ft..: 8,361 8,4S4 inward movement, amounting to 896,989 tons, rep- Number of projects «. < 1^243 1,221 1,192 Industrial: resented an increase of 4 per cent over the same period Value thousands of dollars... 19,664 30.3S0 19,359 Floor space thousands of sq. ft.J 3,017 3,967 3,798 of last year. Stocks of newsprint at mills on August Number of projects 275 301 335 Residential: 31 were 10 per cent larger than a year ago. Shipments Value ._-,thousands of dollars.. 128,072 148,232 120,831 Floor space ...thousands of sq. ft.. 25,474 27.99S 27,423 of sales books in August were larger than in July, Number of projects 7,005 7,422 6,279 Educational: but smaller than a year ago. Value thousands of dollars.. 39,511 31,771 Floor space thousands of sq. ft..' 6,150 4,401 4,411 Production of paper-board shipping boxes was Number of projects ; 527 411 412 Other public and seniipublic:J larger in August than in July or a year ago. Sales of Value thousands of dollars..! 33, S75 47,003 2G,458 Floor space thousands of sq. ft.. 6,059 4,968 3,795 abrasive paper and cloth, although larger than in Number of projects.... I 572 552 467 u Public works and utilities: ! J ty, were smaller than a year ago. Value. thousands of dollars.. 71,717 65,296 02,664 The following figures reported to the Department of Number of projects* 1,194 1,1S3 1,161 Commerce by manufacturers of box board indicate i As compiled from data furnished by tho F. W. Dodge Corporation 'Includes hospitals and institutions, public buildings, social and i the activity in this industry since November, 1923: buildings, and religious and memorial buildings. recreational 16

VOLUME OF BUILDING CONTRACTS AWARDED IN 27 NORTHEASTERN STATES

BUILDING MATERIALS AND EQUIPMENT stocks declined from both periods. Face brick statistics reported by 32 identical plants on production, Lumber production made a seasonal increase over stocks, shipments, and unfilled orders all increased July but was smaller than a year ago for all pecies over July; compared with a year ago production and reported except North Carolina pine and walnut. shipments increased and stocks and unfilled orders Shipments were generally larger than in August, 1923, declined. Paving brick statistics declined from July, exceptions being noted for Douglas fir, redwood, and except shipments, while stocks alone increased over a northern pine. New orders for lumber increased over year ago. Production of paving brick ran at 74 per July for redwood and California white pine, while cent of capacity as against 81 per cent in July and southern pine orders declined; compared with a year 88 a year ago. Prices of common brick declined. ago increased orders were shown for southern pine and California white pine and decreased orders for red- CUMULATIVE VOLUME OF BUILDING CONTRACTS AWARDED IN wood. Reported stocks of lumber were larger than 27 STATES AT THE END OF SPECIFIED PERIODS at the end of July except for southern pine, while stocks of all reporting species of lumber declined from a year ago, but stocks of walnut logs held by lumber manufacturers declined. Exports of lumber declined slightly both from July, 1924, and from August, 1923. Prices of softwood lumber, as indicated by the composite index number advanced over the early part of July, while hardwood prices declined. The price of southern pine for August advanced over July, while the Douglas fir price declined. Shipments, new orders, and unfilled orders of piano benches and stools increased over July but declined from August, 1923. Shipments, new orders, and unfilled orders for oak and maple flooring were greater than in July but stocks declined. Production of oak flooring increased but maple flooring declined. Compared with a year ago, increases occurred in all items for oak flooring and in new orders and stocks of maple flooring, while declines took place in production, shipments, and unfilled orders of maple flooring. Slight increases over July occurred in production, shipments, new orders, and stocks of clay fire brick, while unfilled orders declined. Compared with a year ago, all items declined except stocks. Silica-brick production increased over July, but declined from a year ago, while shipments increased over both periods and sill 17

NEW BOOKINGS FOR ARCHITECTURAL TERRA COTTA AND NEW CONTRACTS AWARDED FOR BUILDING CONSTRUCTION IN 27 NORTHEASTERN STATES. (1919 monthly averages-100. August, 1021, latest plotted.)

300 -ARCHITECTURAL T IRRA COTTA BOOKIN 1 I (NET TONNAGE),

250 k 8 L m 2 200 1.. X g 150 I y VT r\ l\ 100 A V J 50 -BUILDING coNSTRUCTION OONTJtACTS AWARDED 7 (FLOOR SPACE)

1919 1920 1921 1922 1923 1924

NEW ORDERS FOR ENAMELED BATHS AND NEW CONTRACTS AWARDED FOR RESIDENTIAL CONSTRUC- TION IN 27 NORTHEASTERN STATES.

(1919 monthly averages-100.) 240

RESIDENTIAL BUILDING CONTRACTS (FLOOR SPACE) Production and shipments of Portland cement in- cottonseed oil. greater. The price of cottonseed oil creased over both the previous month and a year ago. advanced over the July average. Receipts, shipments, Stocks declined from July in a seasonal movement and stocks of flaxseed at Minneapolis and Duluth and but were greater than a year ago. No change occurred shipments of linseed oil and oil cake from Minneapolis in current prices from July. Concrete paving con- declined from a year ago. tracts let in August increased over both July and over CEREALS a year ago, though contracts for county roads were Compared with August, 1923, the wheat movement smaller. was considerably larger, increases being shown in Production of roofing felt and total stocks increased receipts, shipments, visible supply in both the United both over July and a year ago, but dry felt stocks de- States and Canada, and exports. The production and clined from both periods. apparent consumption of wheat flour declined from a New orders, shipments, and stocks of all classes of year ago, however. The price of red winter wheat enameled sanitary ware increased over July, except advanced over the July average while northern spring for stocks of baths and lavatories and new orders for wheat declined. Flour prices were higher than in baths. Unfilled orders declined for both baths and July. . small ware. Compared with a year ago, stocks in- Wheat flour figures reported by over 1,000 mills to creased for all classes, unfilled orders declined, while the Department of Commerce follow: shipments and new orders increased for baths and miscellaneous ware and declined for lavatories and ••• . . WHEAT.FLOUR PRODUCTION sinks. Wheat Flour Grain offal Per cent : ground . produced produced of Tlie'following figures reported by 34 floor-and-wall- YEAR AND.MONTH (thous. or . (thous. of (thous. of capacity tilo manufacturers, making about 73 per cent of the bushels) bushels) pounds) operated total volume of floor and wall tile produced in the 1923 July 35, S7I 7,805 633,324 48.0 year 1922, indicate, since January, the^operations in 54.7 % August 44,179 9,612 772,774 that industry: September. 44,909 9,7fiO 706,32J 6Z1 October 50,810 10,983 903,311 62.0 November. 43,606 9,403 783,669 58.8 FLOOR AND WALL TILE (ALL CLASSES) December.. 37,799 8,137 . 678,576 49.3 192ft 740,040 51.9 Shipments Stocks (end January.., 41,S33 8,970 Production of month) February. 39,180 8,433 705,402 53.0 March 38,809 8,355 698,911 48.9 April 35,680 7,682 643,5SS 45.0 May 36,638 7,896 660,271 46.6 Square feet Square feet Value ^Square feet 47.8 January.. 4,850,197 3,759,218 $1,222,214 6,613,305 June , 36,293 7,797 651,532 8,456 50.4 February. 5,177,246 3,062,808 1,129,865 7,162,924 July 39,272 58.5 March... 5,138,1G9 4,122,279 1,21S,OS1 7,73S, 11C August... 44,745 0,696 7S7,153 April 4,698,634 4,297,191 1,3-13,271 7,960,352 May 4,066,207 3,744,280 1,259,429 7,954,323 June 4,127,174 4,009,270 1,350,798 7,905,715 July 4,301,117 3,853,910 1,297,709 7,661,972 The corn movement,; as represented by receipts, August... 4,386,925 4,120,155 1,370,752 8,393,355 shipments, and exports, was smaller than a year ago, but the visible supply was almost three times as large. CHEMICALS AND OILS The price of corn was higher than in July and also Exports of sulphuric acid and the value of dye higher than a year ago. exports increased over July while fertilizer exports Receipts and exports of oats declined from a year declined. Compared with a year ago declines occurred ago, while the visible supply was larger. The price of in exports of sulphuric acid and fertilizer but the value oats declined from July, but was higher than a year of dye exports increased. Imports of potash declined ago. both from July and from a year ago while imports of Declines occurred from August, 1923, in the receipts nitrate of soda increased over both periods. Prices and exports of barley. The price of barley increased of crude drugs and of drugs and pharmaceuticals over July and also over a year ago. declined from July while essential oils showed an Eeceipts of rye were larger than a year ago and increase. The price of sulphuric acid remained un- exports were smaller. Prices increased both over July changed. The index of chemical prices increased over and over a year ago. July. Total grain exports in August were slightly less than Receipts of both turpentine and rosin at southern a yearago. Visible supplies of wheat, corn, and flax- ports declined from July and from a year ago. Stocks seed in Argentina were considerably larger than a year of turpentine and rosin at the end of August increased ago. over July and also over a year ago. Exports of vegetable oils declined from July and .. Total movement of paddy rice to mills was larger also from a year ago. - Imports of vegetable oils were than a year ago, due to the greater shipments from greater than in July but less than in August, 1923. California warehouses. Stocks of paddy at La*| The domestic movement of cottonseed and cottonseed fornia warehouses declined from a year ago, as oil made a seasonal increase, stocks of cottonseed being the entire movement of rice in the Southern a • less than a year ago and production and stocks of Imports of rice were larger than a year ago but por were less. 19

Car-lot shipments of potatoes, onions, and citrus Poultry receipts increased over a year ago, while fruits were larger than in August, 1923, but shipments storage holdings declined. The fish catch was smaller of apples and receipts of hay at terminal markets than a year ago, but storage holdings were 25 per cent declined. larger.

MEATS AND DAIRY PRODUCTS The production of milk in the Minneapolis district and receipts of milk at Boston each increased about 7 The movement and slaughter of cattle and calves per cent over a year ago. Exports of condensed milk was less than in August, 1923. Exports of beef prod- were 41 per cent above the August, 1923, exports. ucts also declined from a year ago while cold-storage Butter receipts and storage holdings increased over a holdings increased. Prices of cattle and beef showed year ago, while prices declined from July as well a8 a declining tendency from July and also from a year from a year ago. ago, except carcass beef. Cheese receipts declined from a year ago, but storage The movement and slaughter of hogs was also less holdings were larger. Prices advanced slightly over than a year ago, and exports and storage holdings of July, but wore considerably less than a year ago. pork products also showed declines. Lard exports Receipts and storage holdings of eggs declined in a were smaller than# a year ago, but storage holdings seasonal movement and were less than a year ago. were larger; Prices of hogs and pork products increased over July and were also, except for smoked SUGAR, COFFEE, AND TEA hams, larger than a year ago. Statistics of imports, meltings, and stocks of raw The movement and local ^liiughter of sheep and sugar showed increases in August over a year ago, and lambs increased over August, 1923. Cold-storage exports of refined sugar were much larger than in holdings of lamb and mutton also were larger than a August, 1923. Receipts of domestic cano sugar at year ago. Prices of lambs declined both from July New Orleans were less than a year ago. Prices of and from a year ago, while prices of ewes were the same sugar declined from a year ago in all positions, but as the July average but higher than August, 1923. increased over the July average, except for retail prices, which were less than in July. Tho Cuban RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT PRIMARY MARKETS situation shows reported increases of over 100 per (1919 monthly averages=100. August, 1924, is latest month plotted) cent in receipts and exports over a year ago, while stocks were slightly larger. 300 BUTTER Imports and visible supply of coffee in the United 200 States and receipts in Brazil were larger than a year ago, while the world visible supply and clearances from Brazil were less. Tea imports increased over July, 100 but were less than a year ago. 80 ~r\—i—^ ¥ kl \ if TOBACCO 60 TV \Jr Tax-paid withdrawals of large cigars declined in August from the previous month and a year ago, while withdrawals, indicating consumption of cigars during the'first eight months of the year were 6 per cent smaller than during the same period of 1923. Small cigarettes withdrawn from warehouses, although less numerous ,than in July, were 8 per cent greater than a year ago. During the eight-month period ending August 31 indicated cigarette consumption totaled kEGGS 47,449,000,000 cigarettes, an increase of 11 per cent 200 L A A over the same period of last year. Manufactured tobacco and snuff was produced in larger volume in 100 August than in July, but less than a year ago. 80 A- A- Exports of unmanufactured' leaf tobacco in August were larger than in either the previous month or a year €0 ff¥ \ t1 \rIfl \\rl vyvf — ago, while for the calendar year thus far a total of 40 391,070,000 pounds of leaf were exported, representing : \| r an increase of 29 per cent over the same period of 1923. Cigarette exports in August, although larger than in 20 1920 1921 1922 1923 1924 July, were smaller than a year ago. 20

Sales of tobacco at loose-leaf warehouses were 10 per month and a year ago, while vessels clearing from cent smaller in August than a year ago, while the crop American ports increased over these comparative estimate of September 1, indicating a production of periods. For both entrances and clearances the ton- 1,195,000,000 pounds of tobacco, was 23 per cent nage of American vessels in foreign trade, however, smaller than the estimate of a year ago. was larger in August than a year ago. The declines in the total movements being solely due to decreased RAILROAD TRANSPORTATION tonnage of foreign bottoms. For the eight months The net available surplus of freight cars during the ending August tonnage of American vessels cleared last week of August, although almost twice as large as and entered were above 10 per cent larger than during a year ago, averaged considerably below the surplusage the same period of 1923, while a similar comparison for during the last week of July 1. Freight cars in bad foreign bottoms indicated a decline from 1923 amount- order continued to increase, numbering 210,109 cars ing to more than 3 per cent. on September 1 and representing 9.2 per cent to the Traffic on the Sault Ste. Marie Canals declined from total cars in use as against 8.9 per cent on August 1 and both July and a year ago, while the total movement for 7.7 per cent a year ago. the 1924 season thus far was 16 per cent below a year Car loadings in August totaled 3,823,000 cars as ago. River traffic on the Ohio between Pittsburgh against 3,527,000 in July and 4,112,000 a year ago. and Wheeling, although larger than in July, was While the total loadings in August were less than a considerably below a year ago. year ago, grain and grain products and miscellaneous merchandise required more freight cars to move them EMPLOYMENT than were necessary in August, 1923. Thus far this Factory employment in August showed no change year 30,536,000 cars were loaded with all classes of in the aggregate number employed in July, the number commodities as against aggregate loadings amounting on the pay rolls in August being however 15 per cent to 32,059,000 cars during the eight months ending below a year ago. Food, textile, leather and stone, August 31, 1923. clay, and glass factories registered increased employ- The following table shows the current condition of ment over the previous month, while the greatest railroad freight car equipment on Class I railroads: decline from a year ago at 23 per cent was recorded

EQUIPMENT, FREIGHT CARS in the iron and steel industry, and the smallest decline at 1 per cent was registered in tobacco products.

OWNED (END 07 MONTH) INSTALLED DURING Reports from State and city agencies indicate MONTH larger employment in New York State and Detroit TEAR AND MONTH Aggregate Aggregate and smaller employment in Wisconsin. Pay roll data Number capacity Number capacity (pounds) (pounds) for New York State factories indicate larger wage payments in August than in either the previous 1923 month or a year ago, while for Wisconsin factories December 2,307,997 201,055,000,000 1,762,000,000 1924 wage disbursements, although larger than in July, January ! 2,310,032 201,288,000,000 15,5S9 1,415,000,000 were considerably below a year ago. February • 2,310,570 201,535,000,000 11,386 1,109,000,000 Marcti I 2,311,405 202,331,000,000 9,562 892,000,000 April | 2,312,074 202,447,783,106 8,718 731,056,198 May ! 2,312,237 202,000,400,427 . 0,199 879,032,000 DISTRIBUTION MOVEMENT June l 2,314,793 203,139,187,427 10,900 1,076, 236,000 July | 2,322,968 204, 777,305,883 | 16,583 2,302,001,000 August j 2,329,582 205,600,083,991 15,452 1,570,576,083 Sales at retail by mail-order houses increased 8 : per cent, and 7 per cent, respective^, over July and KETIKED DURING MONTH 1 Unfilled Building in a year ago. Two large houses recorded sales amount- 1 orders end railroad ; TEAR AND MONTH ; ing to §226,522,000 during the first eight months of Aggregate capac- of month shops • ' Number ity (pounds) (number) (number) ! 1924 as against 8215,999,000 in the same period of last year. 1923 December 14,411 1,098,000,000 , 24,379 1,515 Chain ten-cent stores also registered larger sales in 1934 August than in either the previous month or a year January... 12,329 1,033,000,000 • 21,696 2,417 1 February- 10,466 822,000,000 40,030 2,715 1 agp,."*rhile for the year thus far the business of four March 8,726 705,000,000 ! 62,340 2,697 ! April 8,026 612,577,557 1 59,550 2,739 1 leading systems aggregated $214,101,000, an increase May 9,059 720,421,670 57,266 2,467 ! June 8,347 JlI 642,189,000 ! 57,735 2,269 ! of 12 per cent over a year ago. uy.... 8,413 633,855,544 i 51,156 4,602 August. 8,834 666,347,975 40,601 3,618 Advertising in September magazines was large than in either the previous month or a ye*r aS^ while newspaper advertising, although larger than f;c WATER TRANSPORTATION July, was smaller than a year ago. Postal receiPl* Entrances of vessels in foreign trade, measured in 50 selected cities were smaller in August than in J J tonnage, declined in August from both the previous or a year ago. 21 EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR INDUSTRIAL GROUPS (Drawn from data compiled by the U. S. Department of Labor and representing weighted indexes based upon the number of wage carnors in tho respective Industrie in 1910. Detailed data may be found in tho August issuo (No. 3G), page 176)

(Average monthly employment 1923-100)

GENERAL INDEX OF EMPLOYMENT

1 . s E i.m m K i H i munuin 1914' 1915 1916 1917 I 1918 I 1919 > 1920 I 1921 < 1922 I 1923 1924

FOOD AND KINDRED TEXTILES AND THEIR IRON AND STEEL AND THEIR LUMBER AND ITS PRODUCTS PRODUCTS PRODUCTS REMANUFACTURES 130

120 1

110 -G P 1 OT GR 3UF TC TAI IAR DW kRE GR DUF TC TA -- \ I \ I i ^i ! 100 v •V \ ± 90 y A —ri < v \ SLAUGHTERING / 80 AN 0 MEAT PACKING -DY E1N 3 A *D • INIAMI4G« kJ ASR( UP TO 'AL -FL RN TUJ IE- — s 1 TE (TIL ES B70

v> LEATHER AND ITS FINISHED CHEMICALS AND /VLLIEC STONE. CLAY AND GLASS PAPER AND PRINTING PRODUCTS g,3O PRODUCTS 'PRODUCT! S "120

TO p* i GFIOU »T )T/ MO ER- GR< UP GROUP / TOTALv L i 100 \ \ 1 T 90 RO IP OTAL v PPAf 1 f \! PETR( M t£F m 80 V TERFIA COTTA 70 60 II VEHICLES FOR LAND STAMPED AND ENAMELED WARE TOBACCO MANUFACTURES MISCELLANEOUS INDUSTRIES OTHER THAN IRON AND STEEL TRANSPORTATION 130

120 CHEWING AND SMOKING AUTOMOBILES- TOBACCO• MO too

90 GROUP TOTAL 80 70 4- 11 I • mm ~VI9 hJ ^ ^> U hJ &-> B9 19221 1923 I 1924 I 1923 I 1924 I 1922 19221 J923 I 1924 1922 1923 I 1924 22

BANKING AND FINANCE NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED Check transactions as indicated by both bank LIABILITIES debits and bank clearings were smaller in August than in July, but were well above a year ago for New York City as well as the country outside. Bills discounted held at the end of August by Federal reserve banks were smaller than the holdings at the end of July and a year ago: Total investments of reserve banks continued to increase, while notes in circulation were smaller in August than in July or a year ago. Keserves, deposits, and the reserve ratio also declined in August. In the member banks, loans, discounts, investments, and demand deposits continued to increase. Interest rates both call and commercial averaged lower in August. i ( i s l i Savings deposits continued to increase the balance to the credit of depositors on August 31, being 7 per cent larger than a year ago. New sales of life insurance and life insurance pre- Prices of stocks, both railroad and industrial, aver- miums collected declined seasonally in August, while aged higher than in July and a year ago, while bond the admitted assets of life insurance companies con- prices in general likewise recorded increases over the tinued to mount. previous month and August, 1923. Fewer shares of Defaulted liabilities of failing business firms were stock were transferred on the New York Stock Ex- larger in August than in July a year ago, while the change than in July, but the August transactions number of defaults, although larger than in August, were considerably above a year ago. 1923, were smaller than in July. COMPARISON OF WHOLESALE PRICES AND STOCK PRICES

(Twelve-month moving monthly averages)

VHOLESALE PRICE INDEX \ 23

AND DISCOUNTS AND TOTAL INVESTMENTS OF FEDERAL DEIJITS TO INDIVIDUAL ACCOUNTS GIIOUPED DT FKDKHAL RE- RESERVE MEMBER BANKS SERVE JDlSTRlCTS AND ADJUSTED FOR SEASONAL VARIA- TIONS 14 (1010 monthly averages-100. August, 1024, latest plotted) 13 roTy 1 I)ANi AN D D SCOUNT J 12 L L «^ II

1921 1922 1923 1924 6

j 5

J ,-

CO rAL INVE STM ENT • d -- • ca .-, 3

1921 1922 1923 1924

BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS

28 r / \ —• \ n \ r Bit- .S [ ISCOUMT . 20 fe \ n if; N _t 3 \ , ; fe12 V OTM IKTvzs- MET

X *\ r 4 * J —^ V. • -. V ; • \ 1 i i i i s i t l 1921 1922 I 1923 I 1924 24

DEBITS TO INDIVIDUAL ACCOUNTS AT PRINCIPAL CLEARING-HOUSE CENTERS GROUPED BY FEDERAL RESERVE DISTRICTS

[Relative numbers based on 1919 as 100]

1933 1934 1923

DISTBICT August | September September August ! September September

UNITED STATES, 141 clearing-house centers 103.3 104.1 ' 91.0 ST. LOUIS DISTRICT: Total, 5 centers.^ 99.5 103.9 97.9 I BOSTON DISTRICT: Louisville... 101.9 103.8 91.0 Total, 11 centers- 112.5 111. 6 j 99.5 St. Louis 100.0 101.8 98.1 Boston 118.6 110.5 I 100.6 Memphis 74.3 SO. 8 81.6 Hartford 115.2 119. G ! 106.5 Little Rock.. 152.8 158.9 147.2 92.3 I Providence... 92.3 ! 88.9 New Haven. 115.3 125.0 112.5 MINNEAPOLIS DISTRICT: Total, 9 centers 90.4 117.4 96.3 NEW YORK DISTRICT: Duluth 87.8 158.9 97. S Total, 7 centers 103.1 102.3 83.3 Minneapolis.:-.. 91.0 120.1 94.9 Albany 125.2 " 126.4 : 98.8 St. Paul 92.0 94.4 98.8 Buffalo lOt. 9 106.5 ' 107.6 Helena 81.8 90.9 72.7 Rochester 120.0 120.0 110.8 Billings CO. 7 77.8 New York..... 102.8 101. 9 82.5 I KANSAS CITY DISTRICT: PHILADELPHIA DISTRICT: Total, 14 centers 88.1 89.1 SC.8 Total, 10 centers 107.6 110.4 102.8 Denver _ 113.7 113.7 114.4 Philadelphia 105.0 107. fl 100.5 Kansas City, Mo 89.8 91.0 85.0 Scranton 128.3 141.5 118.9 Omaha j 71.6 •. 75.4 75.8 Trenton 130.3 151.2 127.9 St. Joseph, Mo 69.4 67.0 69.4 Oklahoma City 103.0 113.3 101.5 CLEVELAND DISTRICT: Tulsa 83.0 79.8 83.0 Total, 13 centers 100.9 101.7 102.1 Akron 73.3 81.1 82.2 DALLAS DISTRICT: Cincinnati 114.6 117.0 121.9 Total, 11 centers.. 86.4 108.6 103.8 Cleveland 87.4 91.4 93.9 Dallas , 90.1 1113 Pittsburgh 107.3 101.0 99.5 Houston 81.9 us. 6 105.8 Youngstown 80.7 101.7 101.7 Fort Worth.. 08.5 110.9 Toledo 141.4 147.4 137.1 81.5 Columbus 106.9 114.7 127.6 SAN FRANCISCO DISTRICT: Dayton 122.0 132.0 1310 Total, 18 centers 122.3 122.3 121.5 Los Angeles 212.4 207.0 212.8 RICHMOND DISTRICT: Portland, Oreg 85.1 92.8 S3.4 Total, 7 centers... 93.9 90.4 91.2 San Francisco 103.4 105.0 100.0 Baltimore 96.5 90.1 85.4 Seattle 80.9 88.8 82.5 Norfolk 71.4 ! 66.6 83.3 Oakland, Calif..... 207.9 187.3 185.7 Hichmond.... 10G.O J 105.2 112.9 Charleston... 56.8 59.5 54.1 DISTRICT TOTALS CORRECTED FOR SEASONAL VARIATION: ATLANTA DISTRICT: United States, total 112.2 109.0 95.8 Total, 15 centers- 91.5 103.4 00.0 Boston district 127.7 122.8 109.5 Atlanta 100.0 10S.1 98.8 New York district • 114.8 110.5 9 106.0 104.4 104.8 Jacksonville.- 11G.0 114.6 95.8 Richmond district '.'; 90. 9 94.7 95.5 Nashville 74.2 77.4 73.1 Atlanta district _ ! 101.4 107.3 93.4 Augusta 5-1.1 81.1 81.7 Chicago district ! 108.0 105.8 100.4 St. Louis district 109.1 109.4 103.1 CHICAGO DISTRICT: 94.5 106.2 87.1 Minneapolis district _i 85.7 Total, 21 centers.... 105.3 104.5 ! 99.2 Kansas City district j £6.3 88.0 90.1 104.9 100.3 Chicago 102.3 100.5 1 94.0 Dallas district I 120.3 Detroit 121.4 123.3 ; 119.7 San Francisco district.._ ' 126.0 121.1 Indianapolis 105.1 106.6 103.7 Milwaukee 100.4 103.8 109.5 i DesMoines 114.5 112.1 86.8 ! Grand Rapids., 85.3 89.3 92.0 Sioux City«_-__ 120. C 125.4 , 111.1

PUBLIC FINANCE The domestic production of silver increased in The gross debt of the Federal Government declined August over both the preceding month and a year in; August, showing a reduction of more than 4 per, ago, while both imports and exports of silver, although cent since August 31, 1923. Customs receipts in- smaller in August than in July, were well above their creased over both July and a year ago. Both ordinary respective movements a year ago.' The price of silver receipts and expenditures chargeable against ordinary in the New York market averaged higher in August receipts declined from July and a year ago. than in July and a year ago, while at London silver prices, although higher than quotations of a year ago, GOLD AND SILVER were lower than those prevailing in July. Domestic receipts of gold at the mint were 2 per FOREIGN EXCHANGE AND TRADE cent larger in August than in July, but 8 per cent Exchange on all principal countries averaged higher below a year ago. The output of gold by the Rand in August except Sweden and Brazil, which remained mines, although larger than a year ago, was smaller stationary, and Japan, which declined. The general than in July. Gold imports declined 4 per cent and index of foreign exchange relative to par as 100 stoo 45 per cent, respectively, from the inward movement at 61 for August as against* 59 for July and 62 a year in the previous month and a year ago, while exports ago. of gold in August were larger than the shipments Imports into the United States amounting w> abroad in either of these comparative periods. S254,630,000 were 8 per cent smaller than in either 25

the previous month or August, 1923. Exports from CENSUS OF MANUFACTURES KI:TUKNR: 1023 the United States including reexports amounting to PEIl rtNT n:it CTNT MINIM I'M $330,896,000 were 20 per cent and 6 per cent larger, I Mill: ASK I respectively, than the shipments abroad during the VALUE OF MODl'CTS . I'l.OYMKNT

previous month and August, 1923. INDI'STR 1' CL ASSIFICATION [" Qu:u\- .Aver- t PIT lity I wo ! 1 19:3 1921 Cl'llt • prin- | wati j in- 1931 CIVIL-SERVICE EMPLOYEES jcrrcasi1

T I r The following monthly figures reported b} the Wool scouriiiB JS.1W.W1 ff..8I'J.OO. . 20. 1 ' i 4.0 72.7; 47.1 Orpins U. 501', 501. 10,1 fi i. KM" .1. y 2S. 5 21.0 United States Civil Service Commission givo a com- Wool fi-lt hnts S. 613.217 4. i»f.4, 32 J 74. 1 1 M r, 50. 7 4.V 0 Aircraft \ 12,94.1,263 fi.fill.i'KS1 Wl \) 71. 11 7fi.4| 70.9 parative summary of tho operations of the civil- Artists* material ] 8.63^743 fl.«.».v.).7r.O 24.1 ;; 3'J.l) fJI.4! 019 Plated wnrc ! 53,610,181 33,911,136 58.0 Jj 20.fi" WM" 75.2 service system: Musical instruments other than pianos umi , ! r organs ' l. >,41.\740 12,3.13,77ft" 25.0 ! 1H.S1 87.0! Sf,.S Wooden cipar boxes j 14,790,265 14,310.0.71, 13 CIVIL-SERVICE APPLICATIONS, EXAMINATIONS, APPOINTMENTS, : ! 9.5 68.2; SS.3 Leather cloves und mil- ! r '• 1 tens 37.111,76:' 21.S. >:>.32I 40.3 Sl.fi 74.5 AND SEFAUATIONS 52.3 Electroplatin g ! 12,213,133 S.WO.MI 3fi. 87.8 Wj.S Lead pencils 24,667.501 21, 3S2,050 14.'.• 13.0. W. J 0.7 Fountain and stylo- graphic pens 20,152,5-17! 12,71)1,514; 57.6:, 23.22 TO.BJ 90.2 NUMBER OF ! NUMBER OF , NUMBER OF : NUMtlER OF APPLICATION'S PE-ItSOXS ,j PERSONS Piano and organ mate- ! I PERSONS rials 37,683,672 18,697,430, 102.1 . CS,4 61.5 RECEIVED EXAMINED |i APPOINTED j SEI'AIIATED Gold, silver, and platl- j i YEAR AND 1 num reducing and re- I : MONTH fining, not from the ore-! CO, GS1,897= 45, 974,226. 51. C" , 14.11 SSL 2. 93.7 Depart- Depart- Field Field . Depart- Field iDcpart- Field Cash registers and cal- I i mental service mental service mental service ! mental service dilating machines 95,105,570 £3,652,913 77.3 . 63.0 S6.2; 67.2 service service service , service Combs and hairpins, I ' ! ... 1 except those made ! from metal or rubber.! 8,770,153. 4,580,3Gb 91.5 62.3: 87.3; 7.7 6 1923 lioots and shoes, other , June 3,930 0,89S 3,515 11,051 • 509 5,629 870 0,990 than rubber ,950,470,365807,475,8% 9.C 17.8 85. i: 69.4 Julv 4,175 13, ft 18 ! 2,320 12t6G0 • 599 6,787 523 8,373 Aluminum inanuftictur- I i August 3,87o 15, 218 ! 1,817 11,770 • 018 5,791 54") 0,15» ing 106,930,367; 45,822,161. 133.4 f/J.O 70.7 September... 2,0SO J8,f>38 702 Iron and steel doors ! • : 1, 793 16,824 ! 7,514 937 7,743 1 October 2,415 10,203 3,033 16,893 552 6,(712 823 0,338 and sliuttcra • 15,367,111 12,460,701 23.3 3a 3 82.3 77.1 November... 2,953 15, Ml 2,478 15, MJ4 500 8,059 604 6.9G0 Umbrellas, parasols, : i December 2,410 12,837 1,397 9,710 ' 3GG 6,021 475 6,747 and canes ! 2S,OSO,002 20,007,702 8.0, 19.2 S7.0 74.2 Pipes (tobacco), cigar | i i ! mi and cigarette- holders.. 0,701,81C 7,123,810 30.2 36.11 90.3: fA8 Matches 23,940,061, 30,273,87.1 20. ft 3.8 S7. .1 ::>. 4 January 8,129 15,304 3,120 13,534 212 7,045 240 5,687 ; February 6,805 •JO, 639 7,53G 14, 749 390 5,745 479 4,134 Foundry supplies 10,247,801 4, %\ 07S 100.4 70.5 81.8 fc0.3 March 2,21)3 21,250 2,0G3 22,851 399 7,271 451 6,293 Silvcrsmithing and Fil- ; i 11.3 . 6.2 SS.1« 62.1 April 1,535 42,910 2, CSS 14,435 • 422 8,636 544 5,009 verworc-. — ;I 27,161,723 24,410,S(X< May 2.706 22,114 1,8\)'3 42,743 '• 371 9,131 520 fi, 234 Malt 16,431,0,7/ 21.(J0l,0i'J 21.8 . 20.9 N).f.' 79.8 June 0, 747 17,807 8,531 11,825 591 0,863 667 6,277 Artificial limbs ' 2,C35,1C2. 2,4.11,276 7.5 . 0.G W. 1 W. 1 Trunks, suitcases, and bugs . : 02,818,579; 4C.M3/J77. 35.0 . 42.8 80.7: 7R.7 1 By departmental service is meant service in Washington, D. 0., exclusive of tho Printing" ink , 29,412,122 20,Sffl,-177. 40.0 , 17.8 9J.7; W.r, jurisdiction of the fourth civil-service district with offices in Washington. By Paper goods il20,43i,S0,V 81.12JV401 43.2 , 27.9 919, W.3 field service is meant, all service outside of tho District of Columbia and includes Gas and electric fixtures.I CO, 640, 530 42, bS'.», MM 41.4 . no. 7 n. i! 82.3 the service in Washington under tho jurisdiction of the fourth civil-service district. Cutlery and edge tools..! 72,477,013. 49,341,204 40.9 , 16.2 915 K-..2 Chewing gum I 40,870,914' 38,bC 1.925 5.2 2. ft W. 8" CO. 0 Dressed furs j 25,221,985 19,15.,^ 31.7 , 17.3 73.8 64.5 : Sand and emery paper i ,„„„.' : CENSUS OF MANUFACTURES: 1923—PRELIMINARY and cloth 13,753,079. 0,402,02. U2.S 72.9 03.4; 7a9 REPORTS Billiard and pool tables,1 i bowling alleys, and ac-j • „ ' cessorics ... ! f.,23G,394 7,307,020 15.4 5.3 70.9 S7.7 oiasi.....::":: .30* KH^II 213*471, K» 44.7 9G.2 33.9 fcS.h: C3.0 The Bureau of the Census has announced prelimi- Photo-engraving, not' j nary figures on 52 additional manufacturing indus- 20.2 . 21.7 93.0. 9.'.. 1 20.0 . b'J. 0: 77. G tries collected pursuant to the census of manufactures ^S5 107. C 127.7.. for the year 1923. The following table summarizes lnSl brf<*. 11.201.4W. 1.4 -0.3. 5 the more important data made available since those TC.933.020' O.HJI.4B 20.5., 1S.G 91.9; 85.7 ! 0.920.S.2. 7.0:, 12,4' 92.2 80.2 published in the September issue, and as further simi- , ! 81.0. Lai)7(Vary"wo7k7.-V".7.V-!""8; »3ll4W)! 4,345,214 61.4, 78. S. 'IY.7 lar reports are released they will bo correspondingly Hadio apparatus : 43,4G0,67Cj Motor vehicles (gasoline j I : C8.0' 83.8 40.0 summarized for the readers of the SURVEY. More 7_.r™17r_;3,lfi3! f327374|l(071,r>SC,97 in iOG 80.3 IS4.5; Soda-water apparatus... 18,156,283^"; 15,407,13" " '1 17.8 ! 21.0. 7U.4: 73.1 details can be obtained with respect to each of the Enameling and japan- ning 5,447,968; 2,520,149 110.2. 113. S S8.1 S3.G industries above outlined from the bureau's complete Jewelry and Instrument ! cases - 10,5,778 49.3" 32. S- 77.6. 73.1 preliminary statement for each industry in connection Hair work ] 11,263,053' 10,951,S14 8.3 90.1 89.2 Artificial flowers 19,660,S62| 14.lSS.22i; 3i5 20.9 77.5 07. S with the census of manufactures for 1923. Window shades and fix turcs 47,350,1271 29,G17f76l| 59.7, 63.6 92.7 70.9

1 A minus sign (-) denotes decrease. 12G43—24t- 26 SEPTEMBER DATA The following table gives such September data as have been received to and including October 14,1924. Text matter covering September data is given on p. 2

! I! 1921 1931 J Septein-!; Septcm* ITEM ! | i ITEM her, August ptem- ; Septem- 1923 ber i i| ; August ber

TEXTILES [ rOOD9TUFF3 Cotton: i Grain movement: Imports, unmanufactured- bales..' 4,13G 9,654 6,608 ! lieceipts— Exports, unmanufactured (including ! WheaV/hp t thous. of bush,. 02,0S7 82.075 45,314 lintcrs) bales..! 277,641 . 737,010 689,435 ' Corn thous. of bush.. 19,310 21,428 18,474 Consumption by textile mills bales..| 357,455 \ 435,216 485,065 :! Oats thous. of bush.. 27,561 55,710 20,556 Stocks, end of month— j Shipments— ! Total, mills and warehouscs.thous. of bales.. 1, 363,582 2.5S7.493 '2,919,644 ! Wheat thous. of bush.. 52.826 ; 58,1S2 25,837 Mills thous. of bales..| 552, CC9 ! 514,537 j 772,632 h Corn thous. of bush.. 10,749 | 11,937 11,015 Warehouses _ thous. of bales..! 810,913 i2,072,950 2,117,012 ;j Visible supply— World visible, American thous. of boles—' 823,309 il,6S8,110 11,597,005 |! • Wheat thous. of bush.. 76,537 I 5S,291 72,930 Silk- Corn thous. of bush.. 6,6-U : 5,624 2,516 Consumption _ '. bales-.i 29,518 36,366 20,920 Oats thous. of bush.. 11,403 48,000 16,514 Stocks bales..| 30,075 42,260 27,367 j Argentine grain: Visible supply- IRON AND STEEL ! Wheat thous. of bush.. 7,400 5,920 4,400 Corn thous. of bush.. 16,000 13,600 3, COO 1 3,000 Pig iron, production thous. of long tons.. . 1,887 2,053 I 3,126!' Flaisced thous. of bush.. 3,600 1,400 Furnaces in blast: ! Rice- Receipts at mills _•. thous. of bbls.. 345 9-19 Furnace number.. 150 173 • 255 !• 731 Capacity long tons per day...! 63,070' 72,235 i 102,000 Shipments from mills thous. of pockets.. 131 CIS 1 633 Steel ingots, production thous. of long ions.. 2,542 2,815' 3,357 Stocks, domestic thous. of pockets.. 309 Unfilled orders, XJ. S. Steel Corp., : Sugar, raw: end of month.. thous. of long tons.. 3,290 3,474 ; 5,036 : Meltings _ long tons.. 448,493 42L>,650 208,305 Wholesale price, composite Stocks at refineries long tons.. 226,408 154,805 192,375 finished steel dolls, per 100 lbs..; 2.52 2.40 j 2.78 \ Sugar, Cuban movement: Wholesale price: Receipts, Cuban ports long tons., lCV-MW 177,353 02,810 Composite pig iron dolls, per ton.. 20.22 20.41 25.98 :' Exports long tons.. 315,2S3 i 333,992 209,473 Stocks, end of month long tons.. 432,123 i 273,420 2S5.549 Iron and steel. dolls, per ton.. 39.33 39.05 i 44. 64 Composite steel dolls, per 100 lbs..- 2.72 i 3.03 : Locomotives: 2.7G CHEMICALS AND DRUGS Shipments— Wholesale prices: * Total number.. 139 104 335 Drugs and Pharmaceuticals index number.. 153 157 158 Domestic number., 121 79 313 Essential oils index number.. 131 142 133 Foreign number- 18 25 22; Crude drugs index number.. 206 210 203 Unfilled orders— : Total number.-! 361 386 1,178 ! TIlANSrORTATION* Domestic number..! 300 333 Foreign number..j 55 53 76 ' Index of ocean rales, Atlantic ports io: Freight cars, orders, domestic number.., 5,9S0 United Kingdom weighted index number.. 23.5 20.0 20. S 27,630 897 " All Europe weighted index number.. 22.3 26.6 20.7 Car loadings (monthly totals): KONFEIIROUS METALS Total thous. of cars.. 3,823 5,167 5,240 Zinc: Grain and grain products thous. of cars.. 23fi 339 m Retorts In operation, end of month number..j 72,195 70,875 81,849 !, Livestock thous. of cars.. 120 179 Production thous. of lbs... 83,550 81,704 78,210 . Coal and coke thous. of cars.. 627 925 19S Stocks end of mouth thous. of lbs..: 101, Sit 91,440 . 45,786 -i 273 338 982 Forest products thous. of cars.. 367 Keceiptsat St. Louis thous. of l!>s..i 15, SS3 19,634 ! 12,629 ;; Ore thous. of cars.. 207 237 Shipments from St. Louis thous. of lbs..! 18,030 22,871 i 10,910 !; Merchandise and miscellaneous...thous. of cars.. 2,301 3,149 371 Lead: 3,065 ! .Receipts at St. Louis thous. of lbs 13,099 13,930 I 6,611 ;. DISTRIBUTION Shipments from St. Louis thous. of lbs.. 10,958 i 11,421 7, "l "; t Mail-order houses, total sales thous. of dolls.. 23,809 31,448 2fi,052 ; Sears, Itoebuck & Co tbous. of dolls.. 13,470 17,905 10,103 BUILDING AND CONSTRUCTION '• Montgomery Ward j F. W. Woolworth Co thous. of dolls.. 16,927 16,526 14,775 Business buildings thous. of sq. ft.. 6,854 7,226 6,906 i S. S. Kresge Co thous. of dolls.. 6,S02 6,851 f),32i Industrial buildings thous. of sq. ft..= 2,703 3,199 4,056 S. H. Kress Co thous. of dolls. 3.000 3,123 2,431 Residential buildings thous. of sq. ft..: .24,548 1,603 1 24,272 22,530 McCrory Stores Corp thous. of dolls. 2,000 1,903 Educational buildings thous. of sq. ft.. 3,453 3,827 2,364 U. S. foreign trade: Other public and scmipublic ! 285,000 253,643 Imports thous. of dolls. 254,630 331,434 buildings thous. of sq. ft.J 4,143 4,655 3,018 Exports thous. of dolls. 330,896 427,000 Grand total thous. of sq. ft.. 41,853 43,453 38,968 Contracts awarded, value (27 States): ' WHOLESALE PRICES Business buildings thous. of dolls..' 33,669 37,077 38,954 Industrial buildings thous. of dolls.J 23,865 30,025 35,919 Farm products—Average price to producers Residential buildings thous. of dolls • 133,033 128,056 114.2 ,8S7 102,331 Wheat dolls, per bush- 1.168 .860 Educational buildings thous. of dolls.J 27,859 26,564 13,461 Corn dolls, per bush. 1.071 109.7 Other public and semipublic '. 1.190 1 Potatoes dolls, per bush. 1.113 .810 buildings thous. of dolls.. 32,981 22.2 24.0- 34,726 20,553 Cotton cents per lb. 27.S 4a ss Grand total thous. of dolls.J 299,507 253,525 38.44 31.74 297,950 , Cottonseed dolls, per ton. 5.70 Construction relative to 1913, Engineering JVeicj I : Cattle, beef cents per lb. 5.67 5.53 Record: \ • Hogs cents per lb. 8.54 8.50 7.81 Cost (1st of following month) index number..' 211 208 220 10.15 10.18 10.2S Northern pine: • Lambs cents per lb. Lumber— ; | Farm products^Market price Production M ft. b. m.J 54,068 56,369 57,379 | Wheat, No. 1, northern, spring Shipments M ft. b. m I 46,403 51,460 47,492 1 1.350 1.156 (Chicago) dolls, per bush. 1.356 1.0IS Lath— ! ; Wheat, No. 2, red, winter (Chicago).dolls, per bush. 1.315 1.343 Production thousands..j 14,675 13,270 14,472 16,515 12,567 13,300 | Corn, contract grades, No. 2, cash 1.163 .SSI Shipments. _ thousands • • (Chicago) dolls, per bush. 1.170 .413 Composite lumber prices (1st of following month): j Oats, contract grades, cash (Chicago)dolls, per bush. .528 .497 Hardwoods dolls, per M ft. b. in. J 41.03 42.44 44.46 30.74 29.84 31.31 j- Barley, fair to good, malting .566 .654 Softwoods dolls, per M ft. b. m.J !; (Chicago) dolls, per bush. .853 i| Rye, No. 2, cash (Chicago) dolls, per bush. .919 1.016 CEMENT I i Cattle, steers, good to choice, corn 10.656 i 9.015 Production ! fed (Chicago) dolls, per 100 lbs. 9.481 8.63$ thous. of bbls..| 15,128 11,519 13,109 9.613 9.855 Shipments : Hogs, heavy (Chicago) dolls, per 100 lbs. 5.405 5.4S1 Stocks I™-' - thous. of bbls._| I6.S55 16,827 13, cm •. Sheep, ewes (Chicago) dolls, per 100 lbs. 5.909 13.153 • thous. of bbls..: 10,060 8,358 5,533 ! Sheep, lambs (Chicago) dolls, per 100 lbs. 13.281 13.175 27 SEPTEMBER DATA—Continued

1931 1924 Septem- J Scntem- I t>er, ! bcr. Septcra- I 1923 Septcnv I 1023 August I ber ! I August l>cr

WHOLESALE PRICES—continued WHOLESALE PRICES—continued Food Building materials and inltcellaTtmu*—Continued I I' Brick, common red, domestic building i Flour, standard patents ! (Minneapolis) dolls, per bbl_. 7.53S 7.410 6.238 ! (New York) dolls, per thous..! 13. 50 14.00 20.00 Flour, winter straights (Kansas City).dolls, per bbl_. 0. 225 0. 009 5.280 !. Cement, Portland, f. o. b. plant Sugar, 96' centrifugal (New York) dolls, per lb__ .054 .000 .070 ;! (Chicago district) dolls, per bbL. 1.75 1.75 i l. 7:, Sugar, granulated, in barrels ij Steel beams, mill (Pittsburgh) dolls, per cwt..I 2.15 2.05 ! 2.60 (New York) dolls, per lb.. .000 .071 .0S2 ";! Rubber, Para Island— fine I Cottonseed oil, prime summer yellow h (New York) dolls, per lb.. .211 .227 1 .2 to (New York) dolls, per lb- .139 .103 .117 j- Sulphuric acid, GG° (New York)., .dolls, per 100 lbs..| .70 .75 Beef, fresh carcass good native .steers (Chicago) dolls, per lb__ . 1G5 ! . 1G5 .175 ! rUBLIC TIKAKCfc j Beef, fresh steer rounds No. 2 (Chicago).dolls, per lb.J .169 .100 .173 •! U. S. Interest-bearing debt mills, of dolls.. 20.081 20,083 i 21.83* f Clothing Gross debt mills, of dolls.. 21.215 21.25-1 ! 2L\rj. . Customs receipts thous. of dolls..! 4\ 26.52 10 public utility bonds...p. ct. of par. 4% bond..! 71.57 .(Pittsburgh) dolls, per long ton.., 20.89 21.50 1 74.14 73. 42 ! 71.71 Pig iron, basic, valley furnaco ...dolls, per long ton— 19.00 19.00 24.88 10 industrial bonds p. ct. of par. 47C bond.. 22,427 IS, 150 I 14, C10 Steel billets, Bessemer StocfStockc sales..saes . thous. of shares.-• 37.75 36.40 j 41.88 Stock prices: 102.74 (Pittsburgh) dolls, per long ton- 25 idindustrialt s dolls, per share..: 119.18 ne.73 j Copper ingots, electrolytic, early delivery 71.00 70.2s I 57.14 .134 (Now York) dolls, per Ib_, .133 25 railroads dolls, per share..• Lead, pig, desilvered for early delivery i •m\ .050 | .081 .071 ! .118 GOLD AND SH.VtP. Tin, pit', for^arTy de"livcr"y (New York)", dolls', per lb.'lj .518 . .492 .CS5 ; .094 .042 Zinc, slab, western, early delivery Bll? 34.213 , 34.832 31. COS .063 l»rlco lit Now York dolls, per fine 02..; (New York) dolls, per lb.J, .066 i .066 7.042 ! G.91G 8.51S Price at London pence per standard oi-j 8,632 10,345 8,123 I Tmnnru thous. of dollars.. | Building materials and miscellaneous j Exports;.::::::::::"."-::". *<«». of dollars..; lft, 150 ! 6,555 27,804 Lumber, pine, southern, yellow flooring, \ G°1(Imi>orts thous. of dollars.-1 2,397 •• 4.5S0 .803 1x4, u B " aud better (Hattlosburg | district) dolls, per M ft. b. m..j 39.56 39.92 43.70 Lumber, Douglas Or, No. 1, common > (Washington)...— dolls, per M ft. b. m_. 16.00 16.00 17.50 28 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 scries of individual relative numbers; oi'ten the individual relative numbers making up the series are also given. The function of index and relative numbers is explained on the inside front cover. A condensed form of this table is given on page 7.

1923 1934 Per cent increase (+) or Miui- j Mini- j decrease (—) mum ! inum " • sit1.co , since \\ i August August, 1924, i Jan. l, ! Jan. l, !: AtlgUSt :: Juno j 1920 : 1920 ;j July May July ; August from from July August, 1923 I PRODUCTION (Relative to 1019) j HAW MATERIALS j Grand total ! 157 98 121 I 90 98 i 122 + 24.5 + 0.8 MINERALS Total 154 i S3 14S 155 • 124 122 125 126 + 0.8 -IS. 7 Petroleum 209 105 207 209 : 196 188 194 196 + 1.0 -6.2 Bituminous coal- 137 41 lKi 126 ' 81 7S j 83 90 + 8.4 -28.6 Anthracite coal__ 121 0 113 121 i 106 105 106 97 -8.5 -19.8 Iron ore 241 0 232 241 152 181 172 152 -11.0 -36.1 Copper 124 17 113 123 , 122 119 121 124 + 2.5 + 0.8 104 Lead 74 139 134 i; 157 163 158 ! 161 + 1.9 + 20.1 Zinc 133 38 114 ! 120 115 114 I 102 -10.5 -7.3 Gold-.. 131 57 94 110 80 66 92 i 94 + 2.2 -6.9 145 80 115 ! 101 .1 Silver 112 I: 124 111 95 I 116 + 22. 1 + 3.6 AXIMAL PKODUCTS (marketings) Total 12» SO ii 128 i 110 i! 124 117 117 108 -7. 7 -1.8 Wool. 227 19 .; 146 ! 99 II 64 145 201 183 -9.0 + 84. 8 Cattle and calves 143 58 j 93 108 Ii 88 82 88 94 i +0.8 -13.0 Hogs 167 64 112 i 99 |i 116 115 110 86 I -21.9 ! -13.1 Sheep 153 54 73 80 ij 59 68 74 89 I +20.2 + 11.1 Eggs * 245 30 113 j 101 l| 220 154 122 89 -27. 1 -11.9 Poultry * ._ - — 382 21 84 ! 91 !i 90 90 100 ! 92 -8.0 + 1.2 Fish 135 45 121 ! 120 100 103 130 ! 126 -3.1 + 5.0 Milk (New York) 190 91 190 I 132 138 141 143 141 -0.1 + 6.8 CROPS (marketings) I Grand total, crops 195 49 54 | 113 56 73 129 + 76.6 1 +14.2 Gu A INS: Total* 227 54 68 lft 63 67 104 227 + 118.3 + 27.5 Corn * 389 61 121 146 108 116 122 129 + 5.6 -11.6 Wheat * _ 295 32 107 207 49 52 111 295 + 165.8 + 42.5 Oats * 211 49 84 146 71 73 55 143 + 166.0 -2.1 Barley * 93 19 26 (jb 29 51 19 49 + 25.7 -24.6 Rye* 353 24 37 96 62 42 124 119 -4.1 + 24.0 Rice * 367 1 17 72 2 2 1 -10.8 VEGETABLES: Total * 254 5S 96 103 124 150 141 107 -28.6 + 3.9 Potatoes (white) * 277 45 106 102 117 136 153 100 -30.7 + &fl Sweet potatoes 314 o ij 15 140 ji 2 0 23 87 + 37.8 -37.1 Tomatoes *_- 497 122 + 47. £ 2 99 ll 241 486 200 146 -27.0 Onions * 282 80 . 125 i- 158 56 118 138 + 16.9 + 10.4 Cabbage* _ ' 316 35 34 ! -11.1 22 72 ' 185 114 42 64 + 52.4 Celery*-. \ 501 37 ! 67 121 24 46 75 + 64.2 + 11.9 FHUITS: • i 4 Total * j 405 50 131 141 155 124 153 1C3 +6.5 + 15.6 Apples * i 655 4 46 55 32 13 34 43 -11.8 Peaches * ! 542 0 408 j 358 1 71 542 513 +43. 3 Citrus fruit * I 235 35 86 56 200 145 76 71 -6.6 i + 26. 8 Grapes * il, 019 0 20 205 0 0 j 43 271 +530. 2 j +32.2 Pears* ! 799 0 396 603 0 29 306 523 + 70.9 -13.3 Watermelons * ! 975 0 575 328 2 214 975 391 -59.1 + 19.2 630 0 307 -44.7 -15.3 Cantaloupes * !! 288 69 630 441 244 Strawberries * 1, 925 0 44 0 ,475 8S1 90 0 COTTON PRODUCTS: ! Total* ! 232 19 24 50 35 19 21 3S + 80.9 -2.4 ; 225 21 28 + 58.3 -25.5 Cotton* 51 39 21 24 38 -15.6 Cottonseed * i 270 2 4 45 17 6 3 38 +26.6 MISCELLANEOUS CROPS: i 170 21 + 104.8 : -18.9 Total* 23 53 27 26 21 43 -10.0 148 46 56 60 58 63 51 54 + 5.9 ] Hay* 258 -10.9 Tobacco* 0 0 46 6 2 1 41 -77.8 560 28 62 176 67 51 51 39 -23.5 Flaxsced* 810 + 50.0 -29.4 Cane sugar* 0 13 17 4 4 8 12 * Fluctuations between maximum and minimum largely duo to seasonal variations. 29 INDEXES OF BUSINESS—Continued

1923 Ij Per cent inci (+( ) or I Maxi- Mini- i 1031 (—) j mum mum II... 1 since since !" Jan. 1, Jan. 1. i ; Aupist August. 102-1 1020 1020 July August j May j June , July . Aupist from from July August, 1923

PRODUCTION—Continued FOREST PRODUCTS j Total 1»5 61 136 130 ! 118 Ill 124 + 11.7 -8.8 Lumber.-. 135 ! 59 122 135 127 j 115 10S 123 + 13.9 -8.9 Pulp wood _ 1-10 51 90 96 117 ! 107 S2 90 + 9. 8 -6. 2 Gum (rosin and turpentine*) _J 2G7 | 20 247 ! ! 2G7 210 227 201 215 -7. 2 -8.2 Distilled wood I 151 24 111 10S os ; 78 63 54 -14.3 -50.0 MANUFACTURING Grand total _„. 139 G8 ! 114 121 ! 112 100 ioo ; 108 +8.0 -10.7 FOODSTUFFS: Total 120 119 117 ! 116 : 121 126 | 119 ! -5.6 +1. 7 M cats 137 107 106 ; 112 ' 107 112 ! DO • -14.3 -9.4 Wheat flour 120 64 • 94 108 ;i 88 : *84 91 ' 105 I + 15. 4 -2, 8 Sugar 17S 40 80 97 j 133 114 : 155: 13S i -11.0 + 42. 3 Ice cream 281 41 281 234 i 184 I 252 j 280 ! 2 36 : -12. 1 + 5. 1 Butter 219 04 |: 205 167 jj 183 i 213 j 205 ] 205 ' 0.0 + 22. S Cheese 109 41 i' 151 125 i 132 -.MS ' 110 : 112 •• -20. 0 -10.4 Condensed milk 100 20 I 133 106 j. 145 j 100 : 125 : -16.7 + 17.9 ! 150 ' Glucose and starch 145 3S (: 75 100 = 93 104 : 10S " 119 i + 10.2 + 10.0 Oleomargarine 122 | 29 j 43 54 !, 58 ! 50 ! 51 ! » 70 j + 37. 3 + 29. 6 07 O') -4. 5 -68. 7 Hice 233 : 21 S 57 50 : ~~ i 22 . 21 TEXTILES: I- ! Total...' _, 130 j 54 ! 96 102 j 82 70 71 78 . + 9.9 -23. 5 Cotton (consumption) 127 GO j 94 100 jj 84 71 : 70 73 + 1.3 -27. 0 Wool (consumption) __ 138 42 •• 101 105 I 79 . 67 j 73 ! 87 ; + 19.2 -17. 1 IRON AND STEKL: i Total - 147 32 127 132 : 92 74 67 ' 87 ' + 29.9 -34. 1 Pig iron — 152 34 144 135 |! 103 • SO : 70 74 • + 5.7 -45. 2 149 33 126 132 •: 94 '" 73 j 67 91 + 35. 8 -31. 1 Steel ingots. _ ! Locomotives 150 9 j 107 122 !". 50 65 ! 63 02 -1.6 -49.2 LUMBER: Total -_ 150 57 I 136 150 |! 146 130 126 139 + 10.3 -7.3 Lumber -- 135 59 :- 122 185 • 127 115 i 108 123 + 13.9 -8.9 Flooring 232 51 j 203 223 \- 229 i201 ! 207 212 + 2.4 -4.9 LEATHER: Total - 115 C3 '!• 90 102 SO • 71 so + 12.7 -21.6 Sole leather 95 57 || 88 92 01 57 61 + 1.6 -32.6 91 • 81 78 62 + 17.9 -15.6 Boots and shoes 130 78 ' 92 109 92 PAPKII AND PRINTING: + 2.0 -12. 1 Total 121 69 : 110 116 i: 117 105 ' 100 102 CHEMICALS, ETC.: Total . - 157 139 154 i i 137 141 + 2.9 + 1.4 Coke _-_ - - 141 40 I 131 129 141 i 81 ; 77 : 78 + 1.3 -39.5 173 : 179 + 3.5 Petroleum products 1S3 96 '", 160 157 182 : 173 i + 14.0 Cottonseed oil*. 188 3 Si 8 12 28 i 15 j 6 15 + 150.0 + 25.0 Turpentine and rosin* 2G9 21 ii 245 2G7 215 ! 2(>4 • 261 243 -6. 9 -9.0 Wood distillation US 21 86 SO 82 i ~05 ! 52 • 4S -7.7 -44.2 STOXE, CLAY, AND GLASS: + 7.6 + 5.2 Total L ~- 141 69 jj 135 134 139 130 | 131 ! 141 53 li 97 92 92 I 79 i 75 ' SO + 6. 7 -13.0 Brick - 124 + S. 1 + 16.5 Cement* ' — — — 226 i 61 ! 188 194 i 206 ! 202 | 209 : 226 • METALS, EXCEPTING IRON AND STEEL: 158 [ 1G5 j +4.4 +0.6 Total 105 71 148 1G4 174 \ 158 ! 12G 23 95 107 • 104; 99 I 98 102 +4.1 -4.7 Copper smelting and refining 112 109 ! -2.7 0.0 Zinc smelting and refining 130 38 113 109 ; 125 114 : 314 86 207 241 ! 255 ! 223 ! 225 . 241 , + 7.1 0.0 Enamel ware -~ 158 ! 161 i + 1.9 + 20.1 Lead 1G7 79 ! 139 134 ' 151 ! 163 | TOBACCO: j 70 115 114j 1151 119 116 -3.4 0.0 Total — 125 111 -2.9 119 50 95 102 i 99 95 i 97 . 99 + 2.1 Manufactured tobacco and snuff 96 I 101 97 -4.0 -7.6 Cigars - 128 75 100 105 . 94 149 04 132 132 •; 144 146 ! 149 143 -4.0 + S.3 Cigarettes i MISCELLANEOUS: 115 ; 95 ! 100 111 + 11.0 + 1.8 Total 145 37 100 109 i 7 ! 8 i 7 •: 5 + 40.0 0.0 1 3 ; 7 Shipbuilding 79 190 I 149 ' 100 -21.9 Automobiles 239 j 29 199 210 - 104 + 2.5 99 114 ; 1G5 145 '» 152 18S + 23. 7 + 04.9 Rubber tires 221 ! 20 120 112 j 125 ; + 6.5 Prepared rooflng 163 58 110 124 ' 132 + 5.6 144 148 141 i 142 i 147 + 3. 5 +2.1 ELECTRICAL POWEH—— -- 154 98 140 147 30 90 85 I 124 103 I SS ! 90 + 2.3 + 5.9 BUILDING CONSTRUCTION* (total) *-

' Fluctuations between maximum and minimum largely due to seasonal variations. 12G43—24f 5 30 INDEXES OF BUSINESS—Continued

Per cent increase (+) or decrease (-)

STOCKS (Corrected for seasonal variation) 148 + 7.2 Total + 21.1 Raw foodstuffs_~ 233 + 5.2 ! Raw materials for manufacture. 189 + 5.3 I -9.9 Manufactured foodstuffs 115 -5.6 -1.2 Manufactured commodities. 169 + 1.9 +20.6 (Unadjusted Indci) Total -•-_ 123 Raw foodstuffs 121 Raw materials for manufacture. 82 Manufactured foodstuffs 100 Manufactured commodities 163 UNFILLED ORDERS (Iron, Steel, and Bulging Materials) Total (8 commodities; 1920=100) WHOLESALE TRADE (Distributed by Federal Reserve Districts) Grand total, all classes HARDWARE, total 10 districts 100 10G + 1.1 -11.3 New York 92 100 -5.7 -17.0 Richmond 88 109 + 12.0 -14.7 Chicago 106 104 -4.0 -8.7 San Francisco 109 114. + 3.2 -14.9 SIIOKS, total 6 districts +31. 8 -21.6 New York + 17.4 -14.3 Richmond. +81.1 -14.1 Chicago... + 25.0 -31. San Francisco. +27.8 -21.6 GROCERIES, total 10 districts. New York Richmond Chicago San Francisco. DRUGS, total 7 districts 111 -2.7 New York 109 +2.8 Jiichniond 101 -2.0 Chicago 105 -16.2 San Francisco 142 + 9.9 DRY GOODS, total 9 districts 123 114 + 30.3 New York. 135 107 + 16.7 Richmond 119 108 + 50.0 Chicago 131 118 + 15.2 San Francisco 136 133 + 30.9 MEATS, total 2 districts RETAIL TRADE (iDdex numbers based on 1919 monthly average sales) MAIL-ORDER HOUSES (4 houses) CHAIN STORES: + 5.5 + 12.4 Ten-cent (5 chains) 331 153 172 111. 7 Music (4 chains),.. 214 103 !! 91 + 26.4 -4.9 + 11.2 Grocery (28 chains) 205 179 199 + 5.5 Drug (10 chains) 185 145 153 + 7.0 + 7.8 +2.2 Cigar (3 chains). 192 135 138 +2.8 Candy (4 chains) 220 179 184 0.0 + 13.7 Shoe (6 chains) 178 95 108 -4.4 DEPARTMENT STORES: I Sales (359 stores). ! Stocks (314 stores) I able; whflH?"to^raM^^^ ™? s*ot«I from the series beginning January, 1921 prior monthly date and minimi*, for United State?andVs°ri?tSS^&'TSSS^B^^tto^S^^S^SlJSS?' th° ^"^ sinco January> "* ** fluctuati0DS ™ 31 INDEXES OF BUSINESS—Continued 11 Maxi- 1933 mi Per rent Increase (+) or mum Minimum- dccrciiso (—) since since Jan. 1, Jan. 1, 1920 August August, 1924, 1U20 July August May June July August from from July August, 1023

PRICE INDEX NUMBERS FARM PKICES I (Relative to 1909-1914) ! All groups | 235 110 130 128 127 128 130 137 ; + 5. 4 + 7.0 Grain~ " . 283 8S 112 109 114 116 mo Ml ' + 8.5 + 20. 4 Fruits and vegetables.. 373 114 165 151 132 146 142 13S : -2.7 -8. 6 Meat animals 186 91 105 104 107 105 103 116 : -M2.0 + 11. 5 Dairy and poultry 215 111 133 138 111 111 111 112 + 0.9 -IS. 8 Cotton and cottonseed. 304 76 i 199 190 222 219 215 219 + 1.9 + 15.3 Unclassified ISO 80 | 99 101 94 95 101 103 , -1-2. 0 + 2.0 WHOLESALE PRICES Department of Labor Indexes (Relative to 1913)

All commodities 248 138 151 150 i U7 145 147 150 -1-2.0 0.0 Farm products 243 114 135 139 1 136 134 141 145 -1-2. 8 + 4.3 Food, etc 248 131 141 112 I 137 130 130 144 + 3. 6 + 1.4 Cloths and clothing 346 171 193 193 ! 187 1S8 188 190 + 1. 1 -1.6 Fuel and lighting 281 178 183 178 177 175 173 170 -1.8 —1.5 Metals and metal products. 203 109 145 145 134 132 130 130 0.0 -10. 3 Building material 300 155 190 1S6 180 173 169 169 0.0 -9. 1 Chemicals 213 121 128 127 ! 127 127 127 130 •1-2.4 + 2.4 House-furnishing goods 275 173 187 183 j 173 172 171 171 0.0 -6.6 Miscellaneous 208 114 . 121 120 1 112 111 112 115 4-2. 7 + 4.2 Federal Reserve Board Regrouping of Department of Labor Indexes (Relative to 1913) Total raw products 249 135 153 153 152 147 152 1.4 + 0. 7 Agricultural products- 311 122 154 152 168 165 176 195 + 10.8 + 2S. 3 Animal products 218 103 120 125 115 109 114 123 + 7. 9 -1.0 Forest products 375 152 209 203 195 182 175 175 I 0.0 -13.8 Mineral products 272 168 179 177 171 168 167 166 -0. 6 -6. 2 All commodities 247 138 151 150 ! 147 145 147 150 | + 2.0 0.0 Producers' goods. _ 244 118 141 137 i 133 130 130 130 0.0 -5. 1 Consumers' goods. 249 140 154 154 I 150 151 153 156 + 2.0 + 1.3 Federal Reserve Hoard Indexes (Relative to 1913) j All commodities 267 142 159 159 156 154 156 158 + 1.3 -0.6 Goods imported. 246 102 141 136 i 133 129 132 139 + 5.3 + 2.2 Goods exported.. 272 125 170 166 183 179 180 177 -1.7 + 0.0 Commercial Indexes (Relative to 1913) 152 153 155 Dun's (1st of following months) 218 134 154 155 : 227 115 139 140 133 133 137 139 + 1.5 -0.7 Bradst-rcct's (1st of following months) RETAIL PRICES 219 139 147 146 141 142 143 144 + 1.4 -1.4 FOOD (Dept. of Labor—relative to 1913) COST OF LIVING National Industrial Conference Hoard Indexes (Relative to July, 1914) All items weighted 205 155 162 162 161 162 162 163 i +0 *> + 0. 0 Food 219 139 147 146 141 142 143 144 : +1.4 -1.4 Shelter 185 143 175 175 185 185 1S6 180 0. 0 + f\3 Clothing 288 153 170 171 176 174 171 17(> + 2.0 + 2.I» 200 149 176 176 165 165 166 160 0.0 — ">. 7 Fuel and light 173 0.0 0.0 Sundries 192 171 173 173 i 174 174 173 32

INDEXES OF BUSINESS—Continued

1933 1924 Per cent increase (+) or Maxi- Mini- . decrcaso (-) mum mum •' since sinco :. Jan. 1, Jan.l, !, August August, 1021, 1020 1920 |! July | August May Juno August from from July August, 1023

PRICE INDEX NUMBERS—Contd. | EMPLOYMENT (Index numbers relative to 1923) Number employed, by industries: Total, all classes 100 I 100 91 88 85 85 0.0 -15.0 Food products 1 100 I 102 92 94 94 95 +1-1 -6.9 Textiles- 98 ! 97 87 84 79 SI + 2.5 -16.5 Iron'and steel— 102 ! 102 89 85 80 79 -1.3 -22.5 Lumber 103 i 102 97 95 93 93 0.0 -8.8 Leather 96 : 99 88 i 83 83 87 +4.8 -12.1 Paper and printing 100 100 100 : 99 98 98 0.0 -2.0 98 99 92 • 84 -15.2 Chemicals - ! 85 84 0. 0 Stones, clay, and glass 103 102 102 99 94 96 + 2.1 -5.9 Metals, except iron and steel ioi : 93 94 ; 87 81 81 0.0 -12.9 Tobacco products 98 I 94 92 ! 92 93 93 :• 0.0 -1.1 Vehicles 101 102 90 ; 85 84 84 : 0.0 -17.6 Miscellaneous 100 96 88 i 85 82 so -2.4 -16.7 FOREIGN WHOLESALE PRICES j (Relative to 1913) United Kingdom: British Board of Trade 333 154 157 155 164 163 163 165 "i + 1.2 + 6.5 London Economist 310 155 155 155 168 168 173 172 • -0.6 + 11.0 U. S. Federal Reserve Board 340 1G3 168 164 177 174 174 173 i -0.6 + 5.5 France: General Statistical Bureau ! 588 300 407 413 459 I 465 481 ! 477 i -0.8 + 15.5 U. S. Federal Reserve Board | 537 283 396 391 428 ! 442 440 442 ! + 0.5 + 13.0 Italy (Bachi) 670 504 I 566 567 571 j 566 507 Sweden _ ' 366 152 :j 157 163 151 • 149 148 152 + 2.7 -6.7 Canada: • j Canadian Department of Labor i 263 162 166 164 163 163 164 ; 165 + 0.6 + 0.6 U. S. Federal Reserve Board '. 279 143 151 150 M3 145 147 j 149 + 1.4 -0.7 India (Calcutta) | 218 170 170 171 176 176 179 I 189 + 5.6 + 10.5 Japan: ; Bank of Japan * 321 183 192 () 205 199 195 i 200 + 2.6 U. S. Federal Reserve Board 313 171 ;j. 183 179 200 1S9 191 ; 196 + 2.6 +9.5 (Relative to July, 1914) Australia I 236 146 ; 180 175 165 163 163:. Switzerland j i 326 160 : 175 173 178 173 171 U

1 Sinco January, 1921. • August, 1923, average not compiled because of earthquake. 'January, 1920; no other figures for 1930 available-. 33 TREND OF BUSINESS MOVEMENTS

The following tableicontains a summary of the monthly figures, designed to show the trend in important industrial am! commercial movements, Ihe numerical data for the latest months arc given anil in addition relative numbers for 1 lie last four month? and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of their publication or publication at other than monthly intervals; therefore the following explanations of the various headings arc offered to make clear such distinctions and in general to facilitate the uso of the table: July, 1924.—This column gives the July figures corresponding to those for August shown in the m-xt column—in other words, cover the previous month. August, 1924.—In this column are given the figures covering the month of August or. as in the case of stocks, etc.. the situation on August 31 or September 1.

Cumulative total from January 1 through latest month.—These columns set forth, for those items that proper! v am bo cumulated, the cumulative totals for the eight months ending August. 1923 and 19124, respectively, c\

Tor ct. NOTE.—Data on the following items for the ! NUMERICAL DATA HKLATIVi: NUMHKHS period January, 1922, to Junes 11)2-1, may be j or «iccrr.wc (—) found in tho August quarterly issue of the I <+> or do- DASE SURVEY (NO. 3(i). Detailed tabulations of i j AH- CUMULATIVE TOTAL crense YEAR i new items appear at tho cud of this issue. | Corre- FIIOM JANUARY 1 See Contents, p. 1 1934 (-) on : 1923 irZ« ! sponding TFII'.OUCH LATEST cumu- month, MONTH I'EKIOD trSn ' from lative ! In many cases September fifjure* are now '• July or lfJ24 — — - July An- available and may be found in the i August, fr oni | • special table on page 26 July August 1923 1923 1934 | 1923 Jul y

< , Jul y 1 TEXTILES j i i Wool j i Receipts at Boston: ! 1 100,050 ; 145.397 +3G.3 1013 131 : 84 192 2or> 212 +S1.7 Domestic thous. of lbs.. 35,801 32, GCO 17.0SO 4-K*r, r> • 1,577 4,070 3,445 2;(i892;,(i,891 . 7.2 ! -S.«i 1.550 1.000 1.750 1S1 . S«; . 1S31b 1S1 1 0.8 W'orsted yarn dolls, per lb.. 1.035 1913 ISi ist o.u Wool, dress goods dolls, per yd.. 1.035 1.035 1913 239 |230 2o3 233 , '^33 ! 233 0.0 -2.4 Men's suitings dolls, per yd.. 3. GOO 3. COO 3. COO Cotton ! 1913 21 . 45 31 IS 21 i 33 • +:»r». 5 -20.0 254 I 305 ! 533 3,520 i 3,866.: +9.8 Receipts into sight thous. of bales.. 11913 31 17 73 07 : 32 i 2U -37.3 imports, unmanufactured bar 6,597 j 3,420 303,770 ; 227,0-13 ,, -2G.5 +20.9 •fc-xports, unmanufactured ! :i 211,533 j 277,041 214,415 2,202,390 ! 2,727,811 +23.9 U913 21 ' 31 45 s 32 ' 20 ! 3S +31.3 +13. C (including linters) balcs.. 4,495,900 | 3,516,510 -21.3 1913 .: 99.100 " b(J . 75. 75 i 77 . +3.1 -27.4 Consumption by textile mills bales.. 310,671 ] 357,455 I! 492,1S3 1 Twelve months' average, July to Juno, inclusive, ending tho year indicated 34 TREND OF BUSINESS MOVEMENTS—Continued

II Per ct. Per cent NOTE.—Data on the following items for the NUMERICAL DATA j; increase RELATIVE NUMBERS Increase (+) period January, 1922, to June, 1924, may be i- or decrease (-) found in the August quarterly issue of the " ortle- SURVEY (NO. 36). Detailed tabulations of RASE I CUMULATIVE TOTAL . crease YEAll Ail- September new items appear at the end of Corre- FROM JANUARY 1 1 (-) this issue. Sec Contents, p. 1 1921 sponding Oli 19?3 1921 Rust, THROUGH LATEST =j cumu- PERIOD August; 1924, month, MONTH I lativo In many cases September figures are July or from from ; 1924 July Au- now available and may be found in August, from the special table on page 26 July 1923 1923 1921 gust, 1 1923 \<

TEXTILES—Continued Cotton—Continued Stocks, end of month: • Total, mills and w'houses.thous. of bales.. 1,394 1,304 1,983 1913 GO 74 j 59 45 44 -2.2 -31.2 Mills thous. of bales.. 720 553 811 1913 SO . 85 • 70 53 41 -23.2 -31.8 Warehouses thous. of bales.. C74 811 1,172 1913 54 65 . 51 39 47 +20.3 -30.8 World, visible, American thous. of bales. 933 823 914 1913 28 50 : 40 30 ' 27 -11.8 -10.0 Cotton finishing: Orders received, grey yardage- i White goods thous. of yds., 20,445 31,560 31,909 260,512 I 230,808 . -11.4 * 1921 i. 70 +19.3 -1.3 Dyed goods thous. of yds.. 22,501 23,763 31,486 302,934 ' 242, 670 -19.9 M921 :• 90 +27.5 -8.C Printed goods thous. of yds. 5,930 5,i)S5 6,814 | 91,050 59,057 ; -35.1 *1921 " 3(> +0.9 -12.2 Total thous. of yds. 59,514 71, 630 78,022 j 727,578 582,107 ; -20.0 »1921 +20.4 -S.2 Billings, finished goods (as produced)— 68 White goods thous. of yds. 23,652 27,980 28,720 ! 268,323 237,433 ; -11.5 21921 J +18.3 -2.6 Dyed goods thous. of yds. 22,201 23,557 31,386 i 300,706 231,007 j -22.0 M921 I 74 +5.8 -24.9 ! Printed goods thous. of yds. 6,145 6,044 7,517 I 104,204 01,903 -40.6 a 1921 i 113 -1.6 -19.6 Total thous. of yds. 5S, 322 63,895 76,322 ! 76S,239 600,975 -21.0 J1921 ' 61 89 |; 90 +9.0 -16.3 Shipments, finished goods— 83 White goods cas___ 14,254 14,195 13,239 ! 127,413 123,311 -fO.7 * 1921 85 I 93 -0.4 i +7.2 j 75 ;i Dyed goods cases. 0,407 6,511 7,098 ! 77,790 61,727 -20.6 M921 80 90 96 +1.0 -S.3 Printed goods cases. 1,011 1,042 1,282 I 16,443 11,713 -28.8 »1921 47 44 j! 47 +3.1 -13.7 Total cases., 33,514 35,951 38,002 I 392,580 332,683 -15.3 »1921 79 80 87 +7.3| -"-0 Stocks, finished goods- White goods cas 10,207 10,747 10,872 j., 147 i 140 ! 147 +5.3 : •I a 1921 .' 140 ' 149 ; 147 Dyed goods cases. 0,797 6,441 7,090 M921 " 200 ! 182 ;i 210 207 ; 174 105 -5.2 -9.2 Printed goods cases. 2,282 2,161 2,916 a 1921 j 104 OS .. 80 oil .Tre) ! 72 -5.3 -25.9 Total cases. 42,378 41,850 49,399 M921 139 130 " 120 117 i 116 -1.2 -15.3 Operating activity...per cent of capacity. 45 47 52 "if 1921 78 • SO ;: 80 69 ! +4.3 -10.0 Machinery activity of spindles: Active spindles thousands. 23,710 28,9-16 33F 705 279,731 247,653 -11.5 1913 112 ' 110 ". 100 90 ! 94 ; 95 +0.8 -14.1 Total activity millions of hours. 5,158 5,400 7,509 68,432 51,397 -24.9 1922 92 .

TREND OF BUSINESS MOVEMENTS—Continued

NOTE.—Dftta on the following items for the J Per ct. IVr conl NUMERICAL DATA period January, 1922, to June, 1924, may bo • Increase RELATIVE NUMI)E11S Incri'.iiso (+) found in the August quarterly issue of the ! i1 onlccruase ( —) SUBVEV (No. 30). Detailed tabulations of ! (+) CUMULATIVE TOTAL RASE !' September new items tippcar at the end of ' or de- YEAU I Ail- this issue. See Contents, p. l 1934 Corre- FROM JANUARY 1 crease sponding THROUGH LAT£ST on mi K»ttti (-) • Auemt In many cases September figures are month, MONTII cumu- I'EJUOD i VJ2it July or from from now available and may be found in lative July the special table on page 26 August, 1024 : Au- July August 1023 1923 19*4 from I? Kunl, 1923 1923 METALS Iron Ore and Pig Iroii Iron ore: j Stocks— . Total thous. of tons..! 35,703 32,831 i. * 1010 ! oo 71 H7 KM ! 117 +13.0 -4 K. 7 At furnaces thous. of tons..1 25,8-12 20,248 20,924 !. • 1019 ! IOI 121 j lift . 131 +1:1.+i:i. 2 + s.r, On Lake Erie docks._.thous. of tons..: 5,751 6,455 5,907 . 1 1913 GO 78 " 70 7G + 12.2 +».:* Consumption thous. of tons.. 2,415 2,036 6,353 j 43,701 31,335 | -28.4 I ; 13.1 ; 05 ' C'J GO I GO Shipments from mines- t -50. H Through Saulto \ I Ste. Marie thous. of short tons..) 7,501 6,639 10,485 I 3J,8S3 1913 ! 120 131 | W 9S 01 ' 83 -11.5 -30. Through upper i 28,835 j: -19.6 lake ports thous. of long tons..! 7,280 6,690 10,296 J 36,893 28,731 !i -22.1 1013 jl 127 i 130 I 80 03 I 89 ! 82 ;• -R. I Receipts— Luke Erie ports and I I furnaces thous. of long tons.. 5,431 4,074 7,682 26,801 20,22S !! -24. .1 1013 P! 119 : 119 ! 07 ' M ' SI , 77 -8.4 -.1.1.3 Other ports thous. of long tons < 1,053 1,517 2,584 8,4S3 7,431 -12.4 1013 147 : IM 113 122 : 118 -22.3 -41 :i Pig Iron production thous. of long tons..| 1,785 I,fi87 3,419 27,900 2l,0S7 ! -21.6 1913 144 ' 135 102 7U . 70 •; + 5.7 I -4.1.3 Furnaces in blast: I Furnaces number., j 141 150 270 ! 1913 111 i 100 GS ' CI . 51 M +4-2 ! -44.4 Capacity long tons per day.-; 55,350 C3.070 106,590 | J:: 1913 .! 130 127 W , 7ti i GO i 76 + 13.V i -40.8 Merchant pig iron; ! r ! Production thous. of long tons.. 207 257 500 I 4,150 3f0a » i -27.6 1914 '. 144 132 | 10.1 ' K\ . 70 OS -3.7 ! -4S.fl Sales thous. ofloug tons..: 274 370 303 i 3,153 2,441 j "-22.C 1(J14 . GO • 02 i| 60 ll'J S;i112 + ?.fi.(l ! +22.1 Shipments thous. of long tons..1 207 j 308 4100 | 3,673 2,921 : -20.5 1014 IIS 123 i l» hi • SO + 15.4 : -2I.W Unfilled orders thous. of long tons..: 791 ! 874 806 j. 1014 '| 67 • C'J 40 • 5S , 01 07 + 10.5 I +h.4 Stock, merchant I: furnaces thous. of long tons..: 1,053 1,002 705 :. 1914 82 93 133 13'J 13'.i 132 -4.8 I +42.1 1 : 101 Stock, steel plants thous. of long tons.. 210 ! 100 170 - 11/21 C2 -l.c! -9.4 Composite finished steel-dolls, per 100 lbs.. 2.56 2,52 2,78 151 j 146 •• 142 0.0 -12.0 Structural steel beams...dolls, per 100 lbs..1 2.20 2,20 2,50 1913 ! 1GC Iron and Steel Products ' Locomotives: ! Shipments- 45 I -0.7 -4S.9 1,016 900'; -48.3 1913 I 78 89 i 36 47 i 46 Total number—i 140 139 272 1020 i 10223o ! S3 122 i US no ,; -6.0 -53.3 130 121 259 1,802 908 :j -49.6 Domestic number..' 82 =1 -28.1 1020 I 31 15 j 20 12 1 11 20 ; +S0.0 , Foreign number..; 10 IS 13 lit I Unfilled orders— ! 1W0 ! 131 113 ; 49 40 ! 30 27 ; -2o.3 -7o.9 Total number..! 4S3 3G1 1,497 1020 I 185 157 1 GO 52 1 47 31 • -20.4 -7S.2 Domestic number..! 41G 306 1,406 192""*"0 j' 20 'j\ ' 13 ir>. 13 ;. -17.9 -39. G 67 55 91 JO ; ,., . Foreign number..'; "~ 80,715 I -4.8 1913 14 20 i 5 . 4 j 57 .. +574.9 i+115.1 freight cars: Orders, domestic number..! SSG 5,980 2,780 84,815 foundry equipment: ' 133 ' 104 107 1 78 • 89 +13.4 -33.5 1 3,523,546 2,647,117 i| -25.0 1022 ! 129 Sales dollars- 215,433 244,403 3C7t663 HI i -27.3 391,592 3,295,793 2.674,463 ij -1&9 1922 172 lf.2 i 131 112 I 10S : I '+2.6 ynpments dollars..! 277,342 2S4,607 1922 1, 165 1C3 .1 145 ' 139 i 111 ! 102 ",1 -8.0 -37.1 Unlilled orders „ dollars. J 4io, m 378,016 601,219 * Twelve months1 overage, June to May, inclusive. • Revised. 36 TREND OF BUSINESS MOVEMENTS—Continued

Per cent jjPerct. i; RELATIVE NUMBERS NOTE.—Data on tho following items for the NUMERICAL DATA ; increase increase (+) period January, 11)22, to June, 192 i, may bo or decrease (-) found in the August quarterly issue of the T •' or de- SUUVEY (N o. 30). Detailed tabulations of BASE CUMULATIVE TOTAL •: crease YEAR Au- September new items appear at the end of Corre- FROM JANUARY 1 gust, this issue. Sec Contents, p. 1 1921 ? OR 1933 1921 sponding THROUGH LATEST |l cumu- PERIOD 1924, month, MONTH i'hitive from from In many cases September figures are July or I I 1921 July Au- now available and may be found in August, from gust, the special table on page 26 July August 1923 1933 1924 1923 1923 I: METALS—Continued j Iron and Steel Products—Continued Vessel construction: Completed during month— i Total gross tons._i 18,070 25, 875 23,217 204,490 1C6.S90 j -18.4 1916 • 22 i 55 .: 58 i 50 '. 39 +43.2 +2.6 Steel seagoing pross tons..! 10,481 12,316 8, COG ; T9,9S2 103,457 : +29.4 19J6 :• 3 ; 32 l! 49 58 | 39 +17.8 +43.5 Building or under contract, end of mo.— \ II Merchant vessels.thous. of gross tons..' 165 104 141 : 1916 13 11 ! 14 13 i 13 13 '; -0.6 +1G.3 Structural steel, fabricated: I 1 Sales (prorated) short tons..! 179,400 153,400 148,200 ' 1,383,200 j 1,383,400 jj +0.4 1913 ; 130 155 161 • ISO ! 183 -14.5 +3.5 Sales per ct. of capacity..1 59 1913 ; ioo : m 118 132 , 133 •• -14.5 +3.5 Shipments (prorated) short tons..1 210, COO 189,800 - -9.9 73 i -0.9 Shipments per ct. of capacity.. : : Steel furniture, shipments thous. of dolls.. i, i'io 1,185 1,345 11,400 ; 11,594 ;l +1.7 1919 I 137 118 1GG j 140 123 130 +6.2 -11.0 Machinery Stokers: Sales number.. J15 01 i 135 1,15-1 i 754 -34.7 1910 ! 55 • 53 27 44 40 i -18.3 -30.4 Sales horsepower. _ 37,759 41,391 i 71, CJ3 5SS.026 ; 3G0,2S7 : -3S.8 1919 ; 100 i 136 i 65 67 78 , +9.6 —42,3 Steam, power, and centrifugal pumps: ! : 01 -2.7 -21.1 Now orders r.t.ho:is. of dolls.. 1,015 j 1,253 13,353 0,0.-3 -32.2 1919 S3 ! 70 - 78 Shipments thous. of dolls... 1,0(15 i 915 : = 1,853 12,268 j 9,318 -2-1.0 1910 137 : 141 || 101 102 73 -11.3 -49.1 UnfilUd orders.. thous. of dolls._ 2,209 2,330 : 5,413 1010 100 ; 01 ii 45 40 39 +2.7 -57.0 Patents issued: Total, nil classes _ number.. 4.137 j 3,270 ! 2,873 2G, 293 ' 27,735 ' 1913 121 102 121 118 I 146 -21.0 +13.8 ARricullurul implements number.. 02 ! 49 : 44 419 ' 383 j -7.4 1913 03 Jifl ! -21.0 +11.4 Internal-combustion engines number. _ 02 •172 : -133 • -3.3 1913 112 100 112 : 93 19S -27.1 -10.1 NONFERROUS METALS Copper and Brass I

Production thous. of lbs.. 120,574 133,140 131,731 903,511 1,0 IS, 923 \ +8.0 1913 • 121 . 120 : 129 , 125 j 127130 +2.8 +1.1 Exports thous. of lbs._; 78,0-10 SI, 781 08,873 f-07,1S9 700,399 • -[-39.3 1913 : W) 93 i 140 I 132 i 111 116 i +4.8 +13.7 Wholesale price, electrolytic.dolls, per lb.. .121 .133 . 130 1913 ! 02 88 i SI 79 ; 79 85 i +7.3 -4.3 IlnuM faucets: Orders received number of pieces __ 307,400 213, MO , 272,971 4.018, SIS i 2,857,49') . -28.9 1923 43 i 57 50 ! 59 64 51 |l -20.8 -10. S -35.2 Orders shipped number of pieces.. 315, GOG 27."), 309 , 420,032 4, (Ho, 233 3,100,253 -33.3 1923 SI I S2 7f> SI ! 00 53 j! -20.3 Tubular plumbing sales: Quantity number of pieces.. 12;,, 014 233,033 125,805 1,052,80,*) 1,041.063 +17.5 1923 : 44 ' 5S !! 47 53 ! 58 132'j+125.5 +125.0 : +529 Value dollars.. 118, Soo 190,433 121,525 1,700,215 . ], 075, 648 j -l.S 1923 4S ! 60 '.. 49 . 4S j 57 92 +00.2 Zinc i ! ! -4.2 Retorts in operation, end of month..number..: 71,827 72,105 7,"), 325 077,005- G19,062 -8.7 1013 j: 78 ! 7711' jj 77 | 71 68 68 +0.5 ! +0.4 Production thous. of lbs.. 85,826 ! S3, M0 S3,250 718, 408 i 724,324 +0.8 1913 ;. 141499 HHII 16•"5 • 15""0* 149 115 -2.7 Stocks, end of month thous. of lbs.. 105,-UO i 101,841 • 52.942 05 130 125 i -3.4 +92.4 1913 52 10-1 I 122 -23.4 Receipts. St. Louis thous. of lbs.. 10010 j 15,883 22,183 187,106 i lfi0,MS 1 -14.2 1913 100 SO 7f> • f>3 54 57 1 +5.6 Shipments, St. Louis thous. oMbs..: 18,029 ! 18,030 21,549 06 64 -3.2 -16.3 157,6C2 ; 153,149.! +0.3 1913 91 7fi 83 i 00 -1.5 Price, slab, prime western dolls, per lb..; .062 i .OCfl .067 1913 110 | 114 100 : 106 307 113 +6.5 I Tin I ! Stocks, end of month: ! United States bug tons..: 5,059 ! 3,454 '. 2,887 262 179 -31.7 +19.6 : 1913 106 : 211 j 211 World visible supply long tons.j 20,101 18,754 ! 103 172 +5.7 +13.6 1 21,302.; 1913 162 ; 159 j 162 Deliveries (consumption) long tons... 3,<>30 I : 107 131 +22.3 -12. S 4,flO5 5,510 43,479 ! 44,175 -8.9 1913 . 145 143 118 -40.9 Imports _ thous. of lbs..: 10,820 7,506 12,709 103,321 ! 103,015 1013 132 133 i. 118 I 90 113 79 -30.7 -4.9 +12.1 +31.8 Wholesale price, pig tin dolls, per lb-.; .402 ! .518:. .393 1913 SO 88 i 98 95 103 115 , Lead j +20.3 Production index number- : 172 +1-8 1921 149 143 16S 175 169 +21.4 Receipts, St. Louis thous. of lbs. 8,516 13,099 |; 10,792 i 91,067 ! 07,820 !i +7.4 1913 197 233 219 157 239 j +53.8 : 129 +87.3 +39.5 Shipments, St. Louis thous. of lbs.. 5,836 10,958': 7,858 i 51,156 ; 69, 6S7 i; +36. 2 1913 01 90 111 67 125 .071 I .0S0 j1 +12.7 +19.4 Wholesale price, pip, desilverized.dolls, perlb.. .067 !. 1913 145 153 166 161 162 182 FUELS I Coal and Coke Bituminous: -28.8 Production thous. of short tons.. 32,284 31,707 367,200 ! 294,056 81 87 +7.7 -10.8 1913 113 78 | 76 -14.6 -31.2 Exports thous. of long tons.. 1,631 1,393 2,117 13, £66 I 10,134 -25.3 1009-13 207 149 127 Prices- i 112 j 133 Mine average, ! +0.5 -17.1 spot dolls, per short ton.. 1.98 1.90 2.40 1913 193 105 166 165 161 102 Wholesale, Kanawhn, f. o. b. -12.9 Cincinnati dolls, per short tod.. 3.39 3.39 3.89 154 154 0.0 1913 177 177 15-1 0.0 -10. S Retail, Chicago..dolls, per short ton.. 7.85 ! 8. SO 1913 183 183 163 163 103 Anthracite: 7.85 103 -8.9 -20.1 Production thous. of short tons.. 7,782 7.0S6 ! 8,868 68,357 60,787 -11.1 1913 109 116 ! 102 101 102 03 +302.4 Stocks, distrib.points.thous. of long tons.. 3,193- 3,779 ; 939 120 • 141 +18.2 192L : 34 35 86 100 -11.4 -41.0 Exports thous. of long tons.. 290 257 ! 442 3,270 1909-13 j 15S 153 ' 95 121 101 89 Prices— Wholesale, chestnut, +0.0 +7.1 Key York dolls, per long ton.. 11.28 11.33 10.63 1013 . 200 200 ,203 |210 212 214 Retail, chestnut, -1.6 103 +0.6 New York dolls, per short ton.. 13.70 13.78 14.00 1913 I 193 201 • 195 i 196 197 • Revised. 37

TREND OF BUSINESS MOVEMENTS—Continued

I Porct. NOTE.—Data on the following items for the i NUMERICAL DATA period January, 1922, to June, 1924, may be ' I Iiicre.i5i- UKLAT1VK Xi:MHK!tS found in the August quarterly issue of the j SUUVEY (No. 36). Detailed tabulations of l orde- CUMULATIVE TOTAL creaso September new items appear at the end of I Corre- this issue. See Contents, p. 1 • ; FllOM JANUARY 1 sponding TI! HOUGH LATEST cumu- month, MONTH Intivc In many cases September figures' are i July or 1924 now available and may be found in i August, I from the special table on page 26 j July August 1923 1923 1923 HK3

FUELS-Continued I Coal and Coke—Continued Coke: Production, beehive.thous. of short tons.. 4G0 434 1,493 13,134 . 7,003 -4G.7 -0.9 -70.0 Production, by product thous. of short tons.. 2,352 2,425 3,239 ! 25,372 22,290 -12.1 +3.1 -2.V 1 Exports thous. of long tons.. •19 42 99 ! 835 445 -40.7 -14.3 -S7.0 Price, furnace, Connellsville dolls, per short ton,. 2.00 3.00 1913 Petroleum Crude petroleum: • i ; ; Production thous.ofbbls.. « 61,033 61,684 66,422 474,661 ! 474,783 0.0 1013 318 321 208 ; 280 | »5 j MS | +1.0-7.1 Stocks, end of month- Total (comparable) thous. ofbbls-. «3C0,485 365, COO 312,472 1913 yji ; 203 334 i 339 I 343 j 3IS j+1. 4+1.+4 17.0 Days' supply number., -177 181 144 1919 120 j 121 144 ; 147 J 153 i 160 +2.j 3+2.+25.3 7 Tank farms and pipe linos .thous. of bbls. 356,210 301,673 307,100 +1.5 +17.8 Refineries .thous. of bbls. 3D, 970 40,636 34,271 1919 225 229 271 I 271 26* | 272 .+ 1.7 + 1R.0 -U.b Imports .thous. of bbls. 6,502 5,SC2 7,580 54,667. 55,119 +0.8 1013 0 i'J6 4i'J j[ 43IS 3U5 -22.7 Consumption- -0.0 -.V8 Total .thous. of bbls. •01,155 60,871 01,608 463,778 490,7SS +5.8 1913 285 ; 20*1 2S0 275 2S0 ; 270 Hun to stills .thous. of bbls. 52,877 54,058 50,015 379,909 • 423,795 + 11.5 1913 109 • I Off 1S2 ; 174 170 I 181 +3.4 +0.3 Shipments from Mexico.. .thous. of bbls. 10,886 112,119 ' 84,398 83,104 -1.5 1913 561 • 003 , 577 j 621 604 ! .thous. of bbls. 20,632 * 19,556 ! Stocks-Mexican field.... 10ft 147 Price, Kansas-Oklahoma.. .dolls, per bbl. 1,550 1,375 1,450 ; -11.3 -S.2 Oil wells completed ... number. 1, 593 1,339 1,465 j 11,970, 10,355 -13.5 [013 109 02 j 104 : 90 100 87 -12.8 Gasoline: 229 .thous. of gals., 741,075 755,780 648,955 ' 4,096,425 j 5,885,114 +17.8 1910 193 197 230 : 223 225 + 10.5 Production ! 2S1 361 +2f.. 0 +41.8 S6,216 10S,685 70,058 ' 558,636 780,546 +39.7 1019 203 260 307 j 359 Exports .thous. of gals.. 270 + 3.8 + 18.4 .thous. of gills.. 789,007 819,408 092,154 ' 4,351,451 I 4,939,3G9 +13.5 1019 235 242 235 j 210 Domestic consumption 349 !i 3333SS I31 311 1 272788 -10.U + 21.4 .thous. of gals.. 1,470,923 1,311,021 ,053,850 : 1019 217 223 Stocks, end of month 119 I 110 I HG ! 112 -3.G -(,.0 Price, motor, New York.. ..dolls, per gal.. .195 .188 .200; -1- 1913 126 119 Kerosene oil: 95 100 I 105 +9.0 Production .thous. of gals, 191,201 201,107 156,219 ! 1,508,108 : 1,599,200 +G.0 1019 90 102 01 131.8S8; 993,490. 088,099 -1.0 1019 106 114 01 W 01 j 115 : + 1.2 Domestic consumption.— .thous. of gals., 10,5,548 133,473 100 : 101 , +1.0+ 24.8 .thous. of gals, 301,157 301,136 213,018 " 1019 W SI 101 9S Stocks ! 10S , 108 :; 0.0 +4.0 Price, 150° water white... .dolls, per gal. .215 .215 .205 1919 103 103 10s 108 Gas and fuel oil: 4-12.9 1919 100 ! 159 1S2 174 174 | 184 + 5.8 + 15.5 Production .thous. of gals, ,102,786 1,167,211 ,010,658 7.840,533 , 8,852,135 177 i 170 -0.4 +21.3 .thous. of gals, , 014,200 1,010,514 832, yOJ 7,10S, 423 ! 8,014,413 +12.2 1019 157 i 115 ISO lfK Domestic consumption 1919 180 I 1S3 200 2(fc 200 ! 213 , +3.3 + 13.4 Stocks .thous. of gals. ,005,951 1,658,671 ,402,182 I " 112 10S 00 j 100 +4.0 +f>. 1 Price, Pa., 30-10 at refin.. ..dolls, per gal. .050 .052 .019 i • 1919 96 j 94 Lubricating oil: 133 ! 124 US . 137 121 j 131 +G.0 87,490 92,761 87,202 728,326: 768,138 + 5.5 1919 Production ..thous. of gals. 149 ! 146 137 12:1 137 " 130 + 1.0 -4.2 65,318 66,368 00,270 504,776. 500,223 -0.9 1919 Domestic consumption...... thous. of gals. 1919 139 1 136 151 154 152 , 160 -1.2 + 10.1 •Stocks ..thous. of gals. 245,626 242,753 220,419 Price, Pa., 600°fll.f "D" 1919 62 ! 59 8S :. 84 82 j 75 .• -4. +33.3 at refineries ..dolls, per gal,_ .298 .284 .213 AUTOMOBILES I I Production: 170 -19.2 • 345,303 l 2,704,541 i 2,54O,1S7 -6.1 1919 199 ! 210 190 I 149 +0,2 Total number.. • 262,903 -279,115 182 +5.9 -20.0 •314,431 ! 2,442,800' 2,295,814 -6.0 1919 215 j 228 202 ' 165 Passenger cars number.. • 237,668 * 251,631 104 .: -II.0 • 30,872 261,741 244,373 -6.0 1919 116 ; 117 127 , 100 Trucks number.. •25,235 • 27,484 I Shipments: 1920 157 ! 183 144 |j +11.2 -21.3 • 27,166 • 30,200 •38,371 319,553 320,195 +0.2 -3S.6 By railroads - carloads.. -33.0 1920 120 i 117 72 • +7.8 Driveways iiumber of machines. _ • 20,190 • 23,240 •45,980 411,591 j 275,770 1C0 1! +3.3 -25.0 •10,055 55,028 | 30,590 -33.5 1920 216 214 By boat number of machines.. '•7,297 •7,538 .1 Exports: . •• I 202 |! +18.9 +.1H.4 Assembled— 120,486 +18.7 1919 216 j 146 179 Total <. number of cars.. 11,703 13,914 10,057 101,500 1 181 218 ! +22.9 +45.3 8,411 85,169 : 102,455 +20.3 1919 211 I 150 Passenger cars 1 number of cars.. 9,946 12,220 239 i 127 160 130 ;i -3.6 +2.9 1,694 1,646 ; 16,331 j 18,031 +10.4 1919 + 18.5 Trucks number of cars.. 1,757 1923 102 j 99 134 110 ! +S3.1 5,316 9,731 76,213 80,543 +5.7 +3.8 Foreign assembly number of cars.* +35.2 1916 142 j 125 1&5 130 ij -17.6 Accessories and parts thous. of dolls.. 5,581 4,596 < 428 j 39,026 ! 52,782 +72.5 Ratio of total exports to 1919 107 j 69 131 I 119 107 110 I +11.2 production - percent.. 4.5 5.0 2.9 -45.0 From Canada- 1919 I 290 22C 1 1C5 ! -27.1 3,147 ' 44,702 38,634 -13.6 -39.3 Total number of machines.. 4,319 5,725 1919 215 ! 168 ' -26.8 2,575 37,843 ! 30,024 -20.7 -61.4 Passenger cars..number of machines.* 3,519 4,245 1919 2S7 ! 205 ;; -2S.5 800 572 6,854 1 8,610 ! +25.6 203 I S3 ! -59.3 -lfi.1 Trucks number of machines._ 1,480 2,410,819 j 3,614,703 +49.0 1919 Accessories and parts... dollars.. 591,234 240,355 286,456 ! .; nternal revenue taxes collected on: 10G i 121 109 j 88 j -10.1 +19.9 Passenger automobiles and 69,594 I 71,310 +2.5 1920 motor cycles thous. of dolls. 7,606 6,156 5,135 1920 87 j 73 71 J 56 I -22.2 +0.1 Automobile trucks and 902 702 701 7,463 ! . 7,605 +1.9 wagons thous. of dolls. 1920 71 j 61 70 • 57 "i -IS. 4 -23.4 Automobile accessories 2,966 2,419 3,lG0 26,688 I 20,676 -2Z5 and parts _thous. of dolls. • i RUBBER 462 M4 519 i 452 ! 505 ! +11.S +14.1 Crude: 42,741 525,543 ! 455,839 -13.3 1913 43,623 48,770 1921 119 198 1 174 i 1S2 1 225 :| !+23.8 +64.2 Imports... thous. of lbs.. 24,597 274,001 ! 285,11* +4.1 Consumption by tire mfrs.. .thous. of lbs.. 32,625 40,335 1913 30 20 I 21 j 26 ",+24.1 -11.3 „ Wholesale price, Para, N. Y.dolls. per lb_. .170 .211 .238 . ! Pneumatic tires: -0.1 1921 llOi i 167 I 145 , 140 i 178 • +26.8 +37.3 2,552 3,235 2,356 24,716 j 24,690 14G i 122 ! 106 I -12.9 -20.1 Production thousands.. 1921 I 1M i ' 150 I 5,138 4; 477 6,058 140 1 1S3 ' 19-4•• +5. +31.4 Stocks, end of month thousands.. "22,"479 ' 23,923 +G.4 1921 141 ' Shipments, domestic thousands.. 3,484 3.6SS 2,807 !' 133 ' •July, 1923, > Revised. 38

TREND OF BUSINESS MOVEMENTS—Continued

Per ct. I! Per cent NOTE.—Data on the following items for the NUMERICAL DATA increase RELATIVE NUMBEItS | increase (+) period January, 1922, to June, 1921, may be j ; { i! or decrease (-) found in the August quarterly issue of the | BASE SURVEY (NO. 36). Detailed tabulations of ' CUMULATIVE TOTAL V Corre- or de- YEAH Au- September new items appear at the end of FROM JANUARY 1 1924 gust, 1921 sponding OR 1 this issue. See Contents, p. 1 THltOUGH LATEST cumu- PERIOD August 1924, month, MONTH lative from from In many cases September figures are July or 1924 July Au- now available and may be found in August, from gust, the special table on page 26 • July August 1923 1923 1934 1923 1923

RUBBER-Continued Inner tubes: Production thousands.^ 3,857 5,016 3,578 31,237 32,320 +3.5 1021 166 155 I 171 222 ! +30.0 ! +40.2 Stocks, end of month thousands.. 6,634 5,758 6,051 1921 192 179 145 126 J. -13.2! -17.2 Shipments, domestic thousands- 5,318 5,552 4,304 29,356 32,031 +9.1 1921 155 ! 168 232 242 !i +4.4 j +29.0 Solid tires: Production _i.. thousands __ 31 48 550 379 -31.1 1921 142 +22.6 -20.8 Stocks, end of month thousands.. 165 146 263 1921 82 -11.5 -44.5 Shipments, domestic thousands.. 40 45 46 4Sl" 354' -26.9 1021 107 +12.5 -2.2 HIDES AND LEATHER nides Imports i Total hides and skins thous. of lbs.. 28,503 27,764 28,868 422,739 230,280 -45.5 1909-13 -2.6 -3.8 Calfskins thous. of lbs.. 4,353 3,887 3,472 35,56S 27,030 -24.0 1000-13 -10.7 +12.0 Cattle hides thous. of lbs. 15,759 15,066 12,763 239,720 113,091 -52.8 1909-13 -4.4 +18.0 Goatskins thous. of lbs, 3,715 3,224 5,782 66,013 36,873 -44.2 1909-13 -13.2 -44.2 Sheepskins thous. of lbs. 3,403 4,870 5,512 59,450 40,950 -31.1 1909-13 +43.1 -11.6 Stocks, end of month: Total hides and skins thous. of lbs. 245,155 244,916 343,524 1921 -0.1 -28.7 Cattle hides thous. of lbs. 197,071 197,628 271,960 1921 +0.3 -27.3 Calf and kip skins thous. of lbs. 32,453 29,958 48,873 1021 -7.7 -38.7 Sheep and lamb skins thous. of lbs. 15,631 17,360 22,691 1921 +11.1 -23.5 Prices: Green salted, packers' heavy native steers dolls, per lb_ . 131 .156 .147 1913 +19.1 +0.1 Calfskins, country No. 1 dolls, per lb. .180 .194 .147 1913 +7.8 +32.0 Leather i Production: Sole leather..thous. of bks., bends, sides. a 1,151 1,164 1,718 13,147 9.501 -27.7 1919 - . 02 61 +1.1 -32.2 Skivers doz. • 28,027 32,588 39,038 302,90r> 252,054 1919 136 +16.3 -1G.5 -16.8 138 ' 168 -35.3 Oak and union harness stuffed sides. 73,787 80,873 134,291 l,090,M7 859,373 -21.2 1919 107 i 113 93 +17.7 Finished sole and belting thous. of lbs. 20,793 21,006 30,802 231,352 171, 232 1921 114 120 !! 81 +1.0 -31. S -26.0 -26.7 Finished upper thous. of sq. ft. 53,579 56,972 77,746 643,725 515,121 -20.0 1921 126 134 ! 114 +6.3 Stocks, end of month: Sole and belting thous. of lbs. 150,273 144,681 175,441 1921 89 91 ! 81 -3.7 -17.5 -10.0 Upper thous. of sq. ft. 368,457 346,867 335,494 1021 92 91 89 -5.9 Stocks, in process of tanning: Sole and belting thous. of lbs 88,050 87,632 108,506 101 98 78 -0.5 -19.2 1921 -20.7 U:tUpper h -thous. off sq. fftt . 125,049 125,322 157,975 1921 98 06 | 81 +0.2 +81.2 Sole __thous. oflbs. 2,242 2,076 1,146 11,806 14,741 :l +24.9 1913 61 44 87 -7.4 1 +20.9 Upper thous. of sq. ft-, 6,148 6,260 5,177 50,851 56,110 :i +10.3 1913 73 59 10-1 +1.8 Prices: Sole, oak, scoured backs, heavy Boston dolls, perlb. .425 .410 .515 95 j 93 +3.5 -14.6 1913 120 115 103 95 +15.0 Chrome calf, "B" grades.dolls, per sq. ft. . 430 .460 .400 1913 163 1G3 171 160 160 i 171 +7.0 Leather Products Belting sales: Quantity thous. oflbs.. 320 327 +2.2 -29.8 466 3,85S 2,932 jj -24.0 1919 65 CC -37.3 Value thous. of dolls.. 5-10 552 881 7,184 5,010 j -30.3 1919 64 65 +2.2 Boots and shoes: -15.9 Production thous. of pairs.. - 21,389 25,262 30,028 2-13,232 204,552 1919 92 109 +18.1 -15.9 +12.0 -2.7 Exports , thous. of pairs.. 457 512 526 5,023 4,217 -16.0 1913 74 62 Wholesale prices- Men's black calf, • " ! -3.8 blncher dolls, per pair.. 6.25 6.25 6.50 1913 209 209 0.0 Men's dress welt, tan' 0.0 calf, St. Louis dolls, per pair.. 4.85 4.85 4.85 1913 153 153 .0.0 Women's black kid, Goodyear -9.4 welt, fit. Louis dolls, per pair. 3.85 4.25 1913 142 142 142 0.0 PAPER AND PRINTING Wood-pulp Imports +17.5 1-15.7 Mechanical _ ...short tons.. 18,042 21,204 25,155 181,567 141,997 -21. S 1909-13 106 163 120,816 100,355 +5.5 +20.4. Chemical short tons.. 114,531 723,115 767,805 +6.2 1909-13 323 393 Newsprint Paper +2.2 -12.2 Production ..short tons.. 113,952 116,477 132,604 1,018,826 980,767 -3.7 1919 110 116 -10.2 Shipments. short tons.. 115,997 129,173 -1.C 117,916 1,011,171 974,310 -3.6 1919 108 112 -0.1 -3.8 Consumption* . short tons 120, SS2 120,408 125,191 1,295,462 1,067,481 -17.6 1919 85 88 -4.9 Imports short tons.. 110,228 115,909 -1.7 112,173 860,247 896,989 +4.3 1913 £63 633 +47.9 +47.6 Exports short tons.. 997 1,475 999 10,849 11,755 +8.4 1913 27 28 Stocks, end or month: -0.S At mills. „..short tons.. 23,427 28,207 25,674 1919 89 107 140 j HO +5.9 til At publishers * short tons.. 178,324 188,885 201,574 1919 112 130 104 US Printing Book publication: .+24.2 491 +27.9 American manufacture no. of titles.. 477 610 4,706 4,453 -5.4 1913 48 GO 61 +75.5 - T Imported ,_no. of titles.. 94 165 83 740 1,139 +53.9 1913 47 40 57 •+*8 Sales booksboo , shipments thous. of books.. 12,238 139 +11.7 Printing 9,877 11,036 90,146 87,952 ' -2.4 1919 99 124 tlvity—weight indexed number.. 1920 77 84 84 •Revised. * Data prior to June, 1923, include reports of 600 publishers, while current months include about 450. 39 TREND OF BUSINESS MOVEMENTS—Continued

Per ct. Per cent NOTE.—Data on the following items for the NUMERICAL DATA period January, 1922, to June, 1024, may be increase RELATIVE KUMHEUS i Increase (+) found in the August quarterly issue of the 'ordccrwiso(—) SUBVEY (No. 36). Detailed tabulations of or do- :| September new items appear at the end of CUMULATIVE TOTAL crease RASE ! Corre- I, TEAU .1 •" ;"^ FKOM JANUARY 1 ( 11 this Issue. See Contents, p. 1 192* sponding OH -j 1923 1924 THROUGH LATKST cumu- '' AllRU!>t; 1024,' month, MONTH FERIOD > In many cases September figures are July or lative i from ! from now available and may be found in 1924 •;; July i AU- August, from the special table on page 26 July August 1923 1923 s !' i, 1923 1923

PAPER AND PBINTING-Continued Papcrboard Shipping Boxes

Production: | I 'I ! Total thous. of sq. ft. 269,108 287.037 285,059 2,382,712 2,392,008 -fa 4 | 1922 1 128 ! 120 j 131 127 ! +7.0 ' + 1.0 Corrugated thous. of sq. ft_. 205,723 219,141 199,760 1,703,926 1.778.4C3 +4.4 { 1J>21J222 I H7 I U3 I 151 »7 ! +0.5 ; +9.7 Solid fiber thous. of sq. ft. 63,385 68,796 85,299 678,788 614,454 -9.95 ! 1922 i 110 !! 107 94 80 'I +8.5 Operating activity: Total per cent of normal. 64 68 81 ! +0-3 -16.0 Corrugated ._.per cent of normal.. 64 65 82 ! -4 1.0 -20.7 Solid fiber per cent of normal. 74 78| + 17.5 ! -5.1 Price index numbers: Finished board- Corrugated index number. 1922 109 ! 105 OS ;l -2.0 j -6.7 Solid fiber index number- 1922 108 i 109 87 j +1.2:-30.2 Raw materials- 85 test liners index number- 1022 SO I +2.3 I -21.0 Chip index number- 1022 R5 ; +i. 0 -29.8 Straw index number. 1022 105 •• 0.0 0.0 Other Paper Products Rope paper sacks, shipments..index number. U922 123 105 1 +13.8 +412 Abrasive paper and cloth: Domestic sales reams.. 63,553 70,491 80,087 748,757 630,004 -15.8 IOIO 'I no I +10.0 i -1-122 0 Foreign sales reams.. 7,777 10,916 12,594 87,920 S1.G12 -7.2 no •| +40.4 | -113.3 3 1010 ! 128 BUTTONS Frcsh-watcr pearl buttons: Production per cent of capacity.. 16.7 22.0 | 38.7 1022 j 00 84 j 70 48 +3.1.3 -42.9 Stocks, end of month thous. of gross.. 14,083 13,914 13,S31 1022 I 108 110 ; 113 111 "! -1.2 ! +0.6 OPTICAL GOODS Spectacle frames and mountings: Sales (shipments) index number.. 1910 no ; oo +55.6 -30.4 Unfilled orders (value) index number.. 1910 +20.0 j -03.9 83|| 32 BUILDING CONSTRX7CTION Building Costs (Index Numbers) Building materials: Frame house, 6-room, 1st of fol'g.mo 1913 203 ;' 203 105 ; 202 +3.1 . -2.0 Brick house, O-room, 1st of fol'g mo .... 1013 210 || 205 199 | 203 +2.0 J -3.3 Building costs (Engineering News Record), 1st of following month 1913 222 !i 217 214 213 i 211 • -0.9 : -5.0 Concrete factory costs (Aberthaw), 1st of following month 1014 200 !i 109 196 0.0 -4.9 Plumbing fixtures, 6 articles 1913 190 ji 180 375 ao -7.9 Construction and Losses Contracts awarded (27 States): 68 I 100 Business buildings thous. of sq. ft.. 7,430 6,854 6,245 63,£40 63,927 +0.1 1010 ! Industrial buildings thous. of sq. ft.. 2,416 2,703 3,367 44,017 27,204 -3S.0 1019 20 i! 29 21 ; +11.9 l -10.7 Residential buildings thous. of sq. ft,. 20,891 24,54S . 24.106 233,104 1257,341 +10.4 1919 120 ij 171 122 | +17.5 ! +1.8 Educational buildings thous. of sq. ft.. 4,846 . 3,453 " 3,285 31,108 34,725 +11.4 1919 150 ., -2S.7 +5.1 Other public and semipublic 2,782 26,194 31,540 +20.4 1019 151 : -12.1 +4S.9 buildinscs*. thous. of sq. ft.. 4,711 4,143 j 90 +1.GJ +5.2 Grand total thous. of sq. ft.. 41,179 41,853 39,786 418,480 ! +5.0 1010 : Contracts awarded, value (27 States): 27,169 307,771 349,427 +13.5 1910 100 ij -19.6 | +23.0 Business buildings thous. of dolls.. 41,866 33,669 , M u +W.0 i +34.7 Industrial buildings -thous. of dolls.. • 14,475 23,865 I 17,717 246,3S0 187,977 -23.7 1010 114,317 1,039,158 1,234.775 +18.8 1019 183 i +22.6 | +16.4 Residential buildings thous. of dolls.. 108,507 133,033 2*0 -10.6 ' +3Z 4 Educational buildings.....thous. of dolls.. 34, C67 27,859 21,036 189,956 223,796 +20.4 1919 Other public and semipublic 21,670 176,109 225,797 +23.2 1910 22S +4.7 j +62L2 buildings * thous. of dolls.. 31,493 32,931 139 . +3.3 ! +1S.3 __, Grand total thous. of dolls.. 289,834 299,607 253,106 2,363,554 2,612,212 +10.5 1010 Fire losses: +30.8 \ +28.1 23,969 31,349 24,474 274,017 236,414 -13.7 1919 109 !! 124 140 United States and Canada..thous. of dolls.. 133 ,! 120 -22.7 i -68.1 Great Britain _thous. of £ sterling.. 387 299 - 937. • 7,986 ft, 707 -28.5 1020 45 _ Lumber j Southern pine: 104 I +6.4 • -2.0 468,236 478,015 3,631,363 3,604,320 +0.9 1017 107 113 ,t 114 111 Production (computed) M ft. b. m_. 439,967 103 ; 110 106 '112 +5.3 ; +8.1 Shipments (computed) M ft. b. m_. 468,575 493,505 456,377 3,776,145 3,655,002 -3.2 1917 100 434,933 3,558,751 3,060,938 +2.9 1917 83 09 115 10S -6.4 i ++ia& Orders (computed) M ft. b. m,.; 515,336 482,274 82 ! 84 82 , 124,717 ,103,006 1,069,295 1017 78 &0 -1.9 ; +3.2 . Stocks,endofmo.(computed)..M ft. b. m__j. 162 SI 142 | 132 176 140 +5.1 Exports (incl. timber) M ft. b. m..i 89,707 71,293 67,850 594,"217 . 578,109 j, -2.7 1919 -20.5 . 133 | Price, "BB " and , 202 181 ] 171 167 172 ^ • better dolls, per Mft. b. m_. 3S.51 39.56 44.85 1013 +2.7 \ -11.8 Douglagss fir: 105 Ij 490,544 537,185 3,970,785 3,880,154 !• -2.3 1917 132 154 I' 142 135 106 140 +32.0 i -8.7 ProductioP n (computed) M ft. b. m__ 371,034 144 154 :: 158 ; 156139 153 +10.3 ! -0.5 448,514 49 i, 560 490,897 4,213,664 4.000,823 -3.6 1917 Shipments (computed) M ft. b. m._ 10S 189 ii 212 i 144 173 1GH -2.3 • -10.4 43,510 42,526 47,450 330,216 436,002: +32.3 1919 Exports, lumber M ft. b. m__ 312 310 ii IS2 i 241 238 252 -21. C 34,237 36,201 45,817 193,917 417,093 +115.1 1922 241 +5.7 i Exports, timber M ft. b. m__ 1013 212 201 ii 190 170 174 -3.0; -13.; Prico,No.lcommon..dolls.per M ft. b. in.. 16.50 10.00 18.50 179 ii California redwood: 396,185:: 6,4 1918 124 174 , 166 124 92 150 +03. S -13.: Production (computed) M ft. b. m.. 34,303 56,199 65,222 423,456 : 43,116 56,912 420,015 303,335 ; -27.8 1918 143 199 146 103 88 151 +71.8 —2-1. J Shipments (computed) M ft. b. in.. 25,099 1918 170 i 130 j -7.! ., Orders received (computed). _M ft. b. m.. 24,622 40,645 50,570 410,324 300,433 |. -2a 8 8G 102 +89.1 California white pine: 765,762 |. -3.3 1913 26S 32s| 2-19 I 254 200 ' 2S0 +7.8 -14. Production M ft. b. m._ 136,499 147,177 172,319 791,742 : 89,377 78,452 492,333 539,049 ! +9.5 1018 ! 213 246 1 1S9 201 248 2S0 +13.1 +13. • Shipments M ft. b. m.. 79,035 1918 ! 192 221 182 ! 203 Stocks, end of month M ft. b. m.J 608,260 643,786 585,353 229 '243 +5.S +1.0

'overly shown separately In the Survey of Current Bustness. 40 TREND OF BUSINESS MOVEMENTS—Continued

\. Per ct. Per cent NOTE.—Data on the following items for the , NUMERICAL DATA lincrease RELATIVE NUMBERS increaso (-i-) period January, 1922, to June, 1924, may be : <+) or decrease (-) found in the August quarterly issue of the : _. or de- SURVEY (No. 36). Detailed tabulations of BASE CUMULATIVE TOTAL crease ' YEAR Au- September new items appear at the end of Corre- FROM JANUARY 1 1 this issue. See Contents, p. 1 1934 sponding (-) OR 1923 1924 gust, THROUGH LATEST PERIOD August 192-1, month, MONTH cumu-. In many cases September figures are lative ! from from July or July Au- now available and may be found in August, 1924 i* fee the special table on page 26 July ! August 1023 1933 from gust, 1923 1923

BUILDING CONSTRUCTION—Con. Lumber—Continued Western pine: I Production (computed M ft. b. m.. 140,110 i 164,408 196,623 1,188,901 1,150,371 -3.2 1917 ISO 105 148 +12.5 -16.4 Shipments (computed) M ft. b. m.. 125,501 146,082 131,025 1,059,410 1,061,389 .+0.2 1917 119 ! 119 113 +16.3 +11.5 Stocks, end of mo. (computed)-M ft. b. m__ 1,008,266 1,147,820 1,003,508 1920 114 115 120 +7.4 +14.4 North Carolina pine: Production (computed) M ft. b. m_. 38,843 53,417 52,500 382,270 385,702 +0.1 1919 153 147 126 +37.5 +1.7 Shipments (computed) M ft. b. m.. 45,332 : 51,555 44,170 390,816 393,0-13 +0.6 1919 137 163 132 +13.7 +10.7 Northern pine: Lumber- Production M ft. b. m_. 52,267 i 5*4,068 83,802 461,545 387,612 -16.0 1920 174 208 147 146 130 +3.4 -35.5 Shipments M ft. b, m_. 45,758 j 40,403 49,0-11 378,812 353,489 -6.7 1920 81 98 81 SO 91 +1.4 -5.4 Lath— Production M ft. b. m_. 13,32S j 14,675 20,070 120,788 96,081 -20.5 1920 201 210 ! 147 153 139 +10.1 -26.9 1 Shipments M ft. b. m.. 14,849-! 10,515 15,091 100,015 108,185 +2.0 1920 222 237 181 252 231 +11.2 +9.4 •Northern hemlock: Production M ft. b. m_. 25,177 ' : 22,982 30,731 222,705 171,425 -23.0 1913 31 SO 01 73 67 -8.7 -25.2 Shipments M ft. b. m_. 17,505 i 17,884 26,961 210,344 155,183 -26.2 1913 72 74 57 64 48 +2.2 -33.7 Northern hardwood: Production M ft. b. m_. 27,392 i 23,952 31,402 336,117 323,428 -3.8 1913 119 111 j 133 124 97 -12.6 -23.9 Shipments M ft. b. m.. 22,475 ! 20,625 40,674 295,113 225,598 -23.6 1913 131 160 ! 97 100 +18.5 -315 Walnut lumber: Pr9duction M ft. b. m.. 3,730 3,660 2,200 • 19,926 20,403 +32.8 1922 154 122 ; 202 187 207 -2.0 +66.4 Shipments M ft. b. m.. 2,409 2,742 2,097 ! 19,595 23,413 +19.5 1922 98 109 120 137 125 +13.8 +30.8 Stocks, end of month M ft, b. m_, 12,885 13,813 8,553 1922 S3 84 92 100 126 [ 135 +7.2 +61.5 Walnut logs: Purchases M ft. log measure.. 2,250 2,001 2,316 19,594 19,654 +0.3 1922 150 159 ,"[ 229 167 155 141 -8.0 -11.0 Made into lumber and ! venucr M ft. log measure., I 2,521 2,544 1,905 16,803 .20,229 +20.4 1922 1S8 144 , 217 191 j 190 192 +0.9 +33.5 Stocks, end of month__M ft. log measure ! 2,910 , 2,419 3,332 1922 141 100 ! 182 177 ! 139 110 -16.9 -27-4 All lumber: il ! Production, 10 species M f£. b. m_. 12,237,722 2,541,803 =.2,785,918 ,20,116,387 19,597,001 -2.6 1913 115 ! 127 120 102 110 +13.0 -8.8 Exports, planks, joists, etc M ft. b. m.. | 150,814 ; 151,425 ! 157,710 I 1,175,539! 1,234,840 +9.3 1909-13 89 88 ! 85 -3.4 -4.0 Retail yards, Minneapolis- Sales M ft. b. m_, • 17,160'• 17,364 I 17,532 114,198 95,585 -16.3 1920 107 104 +1.2 -1.0 Stocks, end of month M ft. b. m_, 115,793 ; 114,621 130,819 1920 64 ! -1.0 -12.4 Composite lumber prices:» Hardwoods dolls, per M ft. b. m_ 42.04 41.03 45.02 1921 110 104 -2,4 -8.9 Softwoods dolls, per M ft. b. m. 29.12 30.74 31.39 1920 05 62 +5.0 -2.1 Wooden Furniture Household furniture and case goods: Shipments dolls, average per firm., 29.813 ' 36,413 40,563 297,133 260,931 -12.2 101 +22.1 -10.2 1920 -13.7 Unfilled orders dolls, average per firm.. 46, SSI ! 48,10-1 55,797 1920 41 +2.7 Piano benches and stools: -33.7 New orders.-. dollars.. 54,560 j 64,952 f 97,898 843,032 613,884 -27.2 1919 62 I 41 34 41 +19.0 -73.2 Unfilled orders dollars.. 18,404 ! .20,0S0jj 97,167 1919 47 '! 8 9 13 +41.2 Shipments- j Value dollars. 50,960 i 57,112 '| 90,253 806,347 619,402 34 39 +12.1 -36.7 J -23.2 1919 27.4 Quantity pieces. S,194j 9,698 |! 13,351 124,308 93,540 24.8 1922 GO 71 +18.4 Flooring I Oak flooring: i| Production M ft. b. m., 34,057 ! 32,429 246,732 205,090 510 527 +3.3 +8.5 35,180 I +7.7 I 1913 457 486 566 493 +31.4 Shipments M ft. b. m.. 36.814 ; 30,108 228,910 272,796 +19.2. 635 561 552 +7.5 1 39,574 i! 1913 374 501 +78.0 Orders booked M ft. b. ra_ 43,080 , 27,444 211,660 270,321 +30.5; 1913 294 450 505 505 706 +13.4 Stocks, end of month __M ft. b. m._ 48,842 48,847 :| 40,634 -7.6 +11.1 45,136 I! 1913 452 451 552 558 543 +83.7 Unfilled orders, end of month.M ft. b. m__ 41,852 ! 27,355 1913 441 377 508 493 577 +20.1 Maple flooring: 50,262 i! Production M ft. b. m.. 7,604 7,471 | 12,447 -1.7 -40.0 94,022 70,863 -25.0 1919 105 124 75 76 -28.6 Shipments M ft. b. m._ 7,5-10 V, UUV . 11,718 101,398 6-1.030 -36.9 1919 89 99 55 63 6-1 +10.9 Orders booked J -_.M ft. b. m._ 7,311 9,453 I 7,163 95,614 63,580 -33.5 1919 40 51 34 45 52 +28.9 Stocks, end of month M ft. b. m.. 25,557 23,919 19,552 -6.3 1919 122 127 163 164 165 £-46.!0 Unfilled orders, end of month.M ft. b. m.. 9,074 10,090 18,631 1919 57 - 49 25 24 +11.2 Brick Clay fire bneK (computed;: +5.5 -23.4 Production-, thousands.. 45,199 47,701 62,217 505,469 440,894 -11.6 1919 118 123 116 89 -19.2 Shipments thousands.. 44, 510 48,027 59,474 490,402 419,107 -14.5 1919 114 117 107 83 +7.9 Stocks, end of month thousands.. 227,954 223,624 I 169,318 1919 120 122 160 164 +0.3 44,090 4P524P,525 50,630 +3.4 New orders thousands.. 495,683 j "421^257 -15.0 1919 93 93 85 87 -11.7 Unfilled orders, end of month-thousands. _ 80,334 62,205 70, 534 1919 91 81 7B 86 -Si 5 Silica brick (computed): 1 +6.8 -0.0.5 Production.. thousands.. 11.555 12,336 12,393 113,433 118,273 -0.1 1919 103 8S 102 82 +18.888 Shipments thousands.. 12,720 14,567 12, 201 ; 121,735 124,820 +2.5 1919 104 83 98 91 +14.5 -3.9 Stocks, end of month thousands.. 42,184 39,953 41,574 j 1919 100 106 101 -5.3 Face brick (32 identical plants): +7.9 +3.1 Production ^ thousands.. 25,605 27,616 20,786 185,057 i 191,211 163 171 179 164 8 +3.0 1919 +6.9 Is. 5 Stocks at yards .....thousands..! 51,503 55,081 60,197- 1919 199 177 213 209 +20.0 -18.7 Unfilled orders, end of month.thousands. J 31,334 37,588 40,252 1919 188 103 169 114 +27.4 +7.5 . Shipments thousands..; 20,527 26,150 24,33-1 183,579 181,093 -1.4 ! 91920 170 174 213 147 rrices, common brick: ! -15.6 -33.8 Wholesale.rcd.New York.dolls.per thousJ 16.00 I 13.50 20.39 1913 320 311 305 244 Paving brick: ! Production— | -15.5 -20.8 * Actual thousands.. 31,452 -3.6 -15.9 7,, Relation to capacity per cent-. 81 74 -i* +3.5 -11.1 Shipments thousands 31,300 32,400 1S +30.9 stocks, end of month thousands 110,286 97,407 36,446 -11.7 -16.1 Orders received thousands" 28,747 21; 454 74,399 -23.4 -80.7 ^collations -...thousands:: 2,85*ow5 594 25,586 -79.2 -24.8 Unfilled orders, end of month.thousands.. \ 92.237 76,867 3,076 -16.7 102,183 J Prices are averages of quotations reported as of the first week of tho following month indicated" ' • f ^mnarable fflSf Ei <^l^Sn°iL ^ h\ic£ ln yards an(i does not include formed brick In fcUns as reported prior to September, 1923; current data therefore are not cowi Si™ M in ™7«Si» ' reIatXc D^mt>ers, however, are strictly comparable, having been computed on a chain relative basis, ative to 10months* average, March to December, Inclusive. • •: . 41 TREND OF BUSINESS MOVEMENTS—Continued

I; Per ct. IVr will NOTE.—Data on tbo following items for the NUMERICAL DATA .increase j RELATIVE NUMDEKS (+) period January, 1022, to June, 1921, may be !•= (—) found in tho August quarterly issue of tho 1 or do* SURVEY (NO. 36). Detailed tabulations of lUMULATIVE TOTAL crease BASE j| ]j ~ September now items appear at tho end of . Corre- FKOM JANUARY 1 YCAH || I, this issue. Sec Contents, p. 1 1924 II sponding : (-) 1923 M24 1 TUHOUGH LATEST ! Aiifrit*t month, MONTH , cunui- In many cases September figures are July or f lutlve from from now available and may be found in August, -- . lt'24 '; JJull y ' An- S : £ RUM, the special table on page 26 July j August i 1923 I" from ii s j; 1923 r £ 3 i 3 1W3 BUILDING CONSTRUCTION-Con. 1' Architectural Terra Cotta Bookings: Quantity net tons. 13,745 8,685 I 10,630 Value dollars. 475,672 965,689 ,1,293,400 Portland Cement Production thous. of bbls_. 14,029 j 15,128 12,967 SS, 313 05,0-H il +S.f> 1013 17(1 183 107 L +7.K . +16.7 228 • +1.S +12-0 Shipments b._.....thous. of bbls.. 16,614 j 16,8.55 14,971 91,215 95,905 'I +5.2 1013 203 225 Stocks, end of month ___. thous. of bbls.. 12,319 j 10,693 6,080 1913 •Si; 133 ! HO -14.0 4 74.2 Price, Portland: Chicago district dolls, per bbl.. 1.75 1.75 1.75 1913 ;j 173 ! 173 173 ! 0.0 ' 0.0 Lenten Valley dolls, per bbl.. 1.75 1.75 1.90 1913 !l 214 I. 197 ! 107 107 j 0.0 -7.9 Concrete paving contracts: Total thous. of sq. yds.. 10,02f» 10,236 8,780 54,575 68,539 +25.0 1010 1 107 ! 201 : 225 231 ' + 2.6 + 17.2 : -3.3 Roads... thous. of sq. yds.- 6,214 6,010 5,606 35,370 44,526 +25.9 1910 | 163 H3 i m 175 +7,2 Hoofing Preparing roofing: Shipments thous. of roof squares.. 2,596 2,747 2,582 19,791 20,375 +3,0 1919 124 !'; 120 + S.8 ' •+6.4 Hoofing felt: Production, dry felt tons.. 17,597 18,171 16,723 128,335 134,677 +4.9 1923 ji 106 +3.3; + 6.7 Stocks, end of month- Total tons-. 16,237 16,795 14,020 1923 08 + 3.4 j +1P.8 Dry felt tons.- 2,813 2,740 2,812 1923 lift jj: 134 ! -2.6 j -16 Receipts- +0.3 " +34.4 Rags tons.. 18,478 19,637 14,608 123,14S 134,904 +9.6 1923 „ 95 i 108 ; 48,170 43,852 -9.0 1923 j 103 |! 95 + 1.0 -27.6 Paper tons.. 4,417 4,372 6,036 ; +13.5 j -30.7 Miscellaneous tons.. 839 952 1,374 9,983 10,607 +6.3 1923 I 122 !' 90 Sanitary Ware Baths, enamel: 90,721 711,462 800,250 +12.5 1919 234 I 262 j. 202 245 2S1 298}! +&0i +13.8 Orders shipped number- 97,376 103,232 : 30,110 1919 64 1 71 153 1M 161 150 ' -0.8:+109.- 0 Stocks, end of month number.. 67,848 63,213 133 -2.4 I +10.3 Orders received :..number- 93,163 90,955 76,221 799,671 821,285 +2.7 1919 07 | 109 . 107104 130 !; Lavatories, enamel: j 123,402 831,530 945,249 1919 270 I! 242 214 203 22S +12.1 I -15.5 Orders shipped number. 93,068 104,308 +13.7 IS 107 • 164,702 47,599 1919 34 !i 101 -8.» :+215.1 Stocks, end of month number- 149,974 (00 132 ! +31.9 ! -6.1 Orders received number- 73,590 97,466 102,730 1,011,300 806,356 -14.3 1919 140 '' 106 Sinks, enamel: 205 202 212; Orders shipped number- 110,070 115,767 116,916 886,061 1,027,719 +16.0 1010 I 191 214 '•• 232 + +212.3 155,4S3 164,632 52,718 1910 ! 39 42 ! 93 103 Stocks, end of month number- loio ; oi 118 , 91 95 102 +13.5 -a 7 Orders received number- 89,930 102,855 103,543 1,043,183 953,571 -8.G f Miscellaneous, enamel: 23S ^.7 j +H.1 70,832 447,915 603,381 +34.7 1019 I 187 219 ",j 275 244 Orders shipped number- 07,622 133 32 143 is +&•& .+131.6 105,321 114,550 49,489 1910 60 G2 ••'• 119 Stocks, end of month number- 1910 || 110 126 108 Ml j +30.S . +S.8 Orders received number- 45,332 54,486 541,592 +3.2 130 ij 116 Unfilled orders, end of month: 446 415 379 "" -S.7 ' -37.8 169,394 154,659 248,844 "1921 ii 007 610 i 52o Baths number. 641 !' 449 354 30G 2G2 !, -14.3 -59.1 Small ware number. 395,697 339,022 828,658 CHEMICALS

Acetate of lime: 100,291 81,915 -18.3 1922 120 124 i; no 7,030 I *13, ISO : Production thous. of lbs. 613,145 106,334 61,854 -41.8 1922 j 96 60 j 50 Shipments or use thous. of Ibs. 0,342 i 1922 I! 27 41:; 05 Stocks, end of month thous. of lbs. 23,224 >9767 Methanol: 1922 ! 115 11.0 '•'• 110 404,132 5,317,238 4,355,922 18.1 Production gallons. 514,279 4,617,956 4,054,CS0 12.2 1922 81 70 i, 100 Shipments or use gallons. 425,051 1922 97 104 |l 05 Stocks, end of month gallons. 1,848,932 »2,C69,895 "Wood at chemical plants: •78,244 604,553 473,195 -21.1 1022 122 117 j; 10G Consumption (carbonized) cords- 1922 84 85 \. 02 Stocks, end of month cords., 556,781 >796,413 Imports: 1909-13 I 01 07 ' 45 I 2fi 49 , 45 i: -7.6 -53.7 20,496 155,353 118,913 -23.5 l^l ! 17rt fiT i +9.1 Potash long tons. 721,195 +8.9 1909-13;: 135 131 ! 170 117 i 143 .; +22.6 Nitrate of soda long tons- 56.637 662,443 i; , 104 ! 130 |! +32.0 -47.4 Exports: 6,176 7,381 +19.5 1009-13"' 130 264 i 307 - 1,620 :1522 2007 2414 :i +15.2 +68.0 Sulphuric acid thous. of lbs.. 416 4,370 4,109 -6.1 1909-13 2SS9 ;H3S 1292 ———*Dyes and dycstiiffs thous. of dolls. 722,390 —5.7 1909-13 | 116 «2 - 122 69 95 f S5 ,i -11.0 -8.0 _ Total fertilizer long tons. 95,320 765,702 Price index numbers: 1914 !'i 219 j 206 :< 230 | 21209 7 i 206 : -0.5 -1.0 Crude drugs index number. 1014 !! 141 i 136 ;. 137 ; 13136 3 134; -1.5 Essential oils Index number. II +as 156 I 153 151 i 151 +7.7 Drugs and f J 1914 |l 143 142 + 1.3 Pharmaceuticals —.index number- 1913 !; 1C9 16S 153 i 154 159 ! 163 |i +2.5 -3.0 1913 jj 75 75 •'; 70 t 70 70 . 70 0.0 -6.7 Chemicals weighted index number- Price, sulphuric acid 66* N.Y.index number- li Explosives 101 . Total explosives: *33,247 2C5,9S9 227,622 -14.4 1922 ji 108 123 .. 9S 1 10C Production thous. of lbs. 31,097 236,541 -10.1 1922 || 105 127 , 100 1 106 no . 36,199 »32CS5 203,193 ; Shipments thous. of lbs. 254,137 223,685 -12.0 1922 • 110 I 127lit ;i XVJ109 j ID1US3 100 "-. Sales thous. of lbs. 30,765 •31,806 101 1. Stocks thous. of lbs. 16,399 *19,378 1922 li 119 I 111 i: 109 I 9C »July, 1923. » Averago of 8 months, May to December, inclusive, 42

TREND OF BUSINESS MOVEMENTS—Continued

, Per ct NOTE.—Data on the following items for the NUMERICAL DATA :in crease I RELATIVE NUMBERS 'I IDOSM(+) period January, 1922, to June, 1924, may be (+) . ' ' . i| or decrease (-) found in the August quarterly issue,of the or de- SURVEY (NO. 3G). Detailed tabulations of ! BASE !!| _ CUMULATIVE TOTAL crease . : September new items appear at the end of YEAH j Au- Corre- i JANUARY 1 : this issue. See Contents, p. 1 rR0M OR l 1931 gust, spending: THROUGH LATEST j! August 1924. month, ! UONTH • from from In many cases September figures are July or 1924 now available and may be found in —":i July Au- August, from gust, the special table on page 26 > 1923 ' 1993 1931 1923 1923 CIIEMICALS-Continued 1" Explosives—Continued Black blasting powder: Production thous. of lbs.. 8,231 M0t 613 93, COS 66,706 -28.8 I 1922 -i 96 60 72 75 Shipments thous. of lbs.. 14,014 611,270 92,325 74, 720 -19.1 I 1922 ' 99 69 78 123 Sales thous. of lbs.. 8,874 *ll3G0 91,861 69,953 -23.8 \ 1922 10-1 71 82 81 Stocks thous. of lbs.. 10,475 .I.1 ni,533 ] ' 1922 | 111 110 101 100 Permissible and other high explosives: Production thous. of lbs.. 22,866 >22,G33 172,317 160,917 -6.6 1 1922 i 115 119 116 116 Shipments thous. of lbs.. 22,185 »21f415 170,867 101,815 -5.3 I 1922 109 118 122 113 ! Sales thous. of lbs.. 21,891 620,446 162,276 153,730 -5.3 I 1922 | 114 133 126 122 i Stocks. thous. of lbs.. 5,924 »7,845 1922 :| 133 107 101 NAVAL STORKS I 1 Turpentine (3 principal ports): Net receipts barrels.. 45,440 40,005 43,672 i 195,334 197,601 +1.2 1 1919 2(50 229 j 260 298 I 20C -10.8 ! -7.0 Stocks, end of month barrels.. 3-1,200 43, 567 20,672 I 1919 CS 70 105 110 I 140 +27.4 j+110.8 Rosin (3 principal ports): Net receipts barrels- 129,907 124,876 •138,320 I 716,060 677,911 -5.3 1 1919 I 227 201 232 | 223 -3.9 J -9.7 Stocks, end of month barrels.. 270,218 274,025 263,457 ! „„. 1919 II 109 I 117 135 ! 137 +1.6 j +4.2 FATS AND OILS Total vegetable oils: ! I Exports .' thous. of lbs.. 2,365 2,085 2,427 j 37,222 25,960 -30.3 i 1913 10 I -11.8 —14.1 Imports - thous. of lbs.. 34,856 47,838 49,903 487,387 615,583 +26.3 ! 1913. 220 351 j +37.2 -4.3 Oleomargarine: . ' Production thous. of lbs.. 15,519 "13,277 123,163 139,114 +13.0 i 1913 110 147 Consumption thous. of lbs.. 15,095 >18,081 122,441 137,434 +12.3 ! 1913 98 147 Cottonseed

Cottonseed stocks, end o£ month tons.. 21,534 92,649 123,003 18 +330.2 -24.7 Cottonseed oil: 1919 Stocks, end of month thous. of lbs.. 4,503 . 8,347 7,588 1919 5 +85.2 +10.0 Production thous. of lbs.. 6,637 17,922 15,182 1919 8 +170.0 +18.0 Price, New York.... dolls, per lb_. 121 139 1 July, 1923. and October 1. t M f the flKt of the 8econd foUowin m f ^ ° S °nth indicated; i. e.f the July and August columns show estimates as of September l 43

TREND OF BUSINESS MOVEMENTS—Continued

NOTE.—Data on the following items for the NUMERICAL DATA Per ct. iVr mil period January, 1022, to June, 1024, may be l KKLATlVK NVMIIK11S found in tho August quarterly issue of the <+) SURVEY (NO. 30). Detailed tabulations of or do- CUMULATIVE TOTAL crease BASE |> September new items appear at the end of Corre- YEAR li , All- this issue. See Contents, p. 1 1921 FItOM JANUARY 1 ! sponding THROUGH LATEST I (") OK | Ittl 1924 pl-st, cuinu- : T month, i MONTH PKIUOD !. AUk u?l W'H, In many cases September figures are July or i ' lative IJ , from : from now available and may be found in August, ! • 11)24 I July Au- the special table on page 26 July August 1923 m3 I 1924 : from 1923 ; ". Ji*23 POODSTUFFS-Continued Other Grains Oats: Production, monthly cst.u mills, of bushs.. l 480,412 1.500,400 1,209,823 i Receipts, principal r 1909-13 j 115 i| 133 : j markets thous. of bushs_.| 10,510 27,561 28,179 145,995 j 131,337 'j -10.0 1913 SS 97 : 00 j 1M:+162.2| -2.2 Visible supply thous. of bushs.. 3,0SG 11,403 10,111 33 58 i 39 : 05 , +aiiU. 5 | +12. S Exports, including mcal.'.lhous. of bushs.. 233 217 815 2,390 -65. 2 1913 Tnces, contract grades, 29 27 6 7 .! -G.9 | -73.4 Chicago dolls, per bush.. .563 .528 .3S7 1913 112 I -A 2 j Barley: 103 j 130 I 133 140 i Production, monthly cst." thous. of bushs.. 104,445 200,058 ios, iS5;_ 1009-13 J! I 110 i i" no • Receipts, principal markets thous. of bushs.. 1,498 3,791 5,036 ! 23,2T)7 I 23,559 •+1.3 1013 24 I 12 , +153.1 !i -2*. 7 Exports '. thous. of bushs.. 1,054 1,306 2,571 7,660 i 5, W)8 -22.0 1913 L70 31 1 % ,. -fan ; —-ia.7 Price, fair to good, maltinR, Chicago dolls, per bush.. .820 .853 .C23 1013 101 i 100 122 ! 121 Rye: 130 '• +2.9 1 +3(..9 Production11 , monthly est. thous. of bushs— 65,800 05,800 C3,023 1009-13 i ji ; Receipts, principal w lb» '•' !'.--..• markets thous. of bushs.. 4,054 4,736 3,839 29,853 20,234 -32.2 1913 113 ! 297 •' 192 12!) 3«i i -4.4 I +23.4 Exports, including flour-.thous. of bushs.. 1,332 1,407 1,705 ! 20,679 | 12,295 -53.9 1913 •2103 .1139 12-JO \2m +12.4 ] -If.. 2 Price, No. 2, Chicago dolls, per bush.. .SGI .010 .071 !. 1913 102 100 100 llfl 144 ' +("'.7 +37.0 i Total Grains Total production, estimate "..mills, of bushs.. 5,095,940 5,090,432 15,401,107 1009-13 113 i ! j 107 1 1 Total grain exports, incl. flour.thous. of bushs. _ 11,090 24,998 1 26,022 186,353 124,219 '-33.3 1913 125 I Wi . 76 I S3 120 ..+12R.4 -3.9 174,337 23G, 120 206,491 1,398,115 1,491,90S 1010 02 125 1 103 110 ,l +35.4 +14.4 Car loadings of grain and grain products.-cars- +0.7 101 I 122 :i 05 ' 111 Argentine Grain Visible supply, end of month: i! Wheat thous. of bushs.. 0,660 7,400 3,700 1013 143 I1 2.17 272 +11.1 + Corn thous. of bushs.. 13,200 16,000 4,800 1913 137 11 240 , 309 i +21.2 1+23.13 Flaxseed thous. of bushs.- 3,000 3,000 l,CO0 1014 220 'I 357 . 330 +20.0 i+125.0 Bice Production, monthly est.».~thous. of bushs.. 32,377 32,292 33,2.56 1009-13 137 135 i Total movement to mills sacks or bbls.- 145,474 781,670 571,354 I +3fl.8 Paddy at California warehouses: ! Shipments sacks.- 142,83G 436,305 134,850 i '+2aV5 +223.5 i -92. 4 ! -97. 0 Stocks, end of month sacks.. 131,509 10,000 420,463 345,305 3,132,016 2,479,818 j -20.8 1919 ' -21.1 Southern paddy, receipts at mills bbls.. 5,638 437,504 Shipments: : Total from mills-..—.pockets (100'Ibs.).. 135,259 130,024 410,388 4,003,894 4,023,091 -12.5 1019 07 :; 50 -3.2 -f&l 40 ,! 23 -05.4 -08.1 New Orleans pockets (100 lbs.).- 43,056 1,079 101,931 1,777,021 j 855, SS5 -51.8 1010 : Stocks, end of month: Mills and dealers pockets (100 lbs.).. 165,241 39S.053 548,030 1919 08 •; 53 49 ''+141.4 1 -27.2 I mports pockets (100lbs.)-- 16,814 39,001 20,155 413,217 310.184 :: -24.9 1919 15 ' 21 IS 1+132.5 j +94.0 23,234 23,8S3 102,000 2,592,813 938,216 | -63. S 1919 32 j 21 8 . +2.8 ! -70.6 Exports pockets (100 lbs.) _. li I Other Crops, Apples: Production, monthly 196,770 1009-13 103 , : 99;: cst." thous. of bbls__ 178,640 174,870 -21.9 Car lot shipments carloads.. 2,312 2,927 3,749 31,389 33,797 | +7.7 1919 46 65 j 32 I 13 43 jj +2C0 Car lot shipments: +4.1 Potatoes carloads.. 22,038 15,959 15,324 140,324 150,215 ! +11.3 1010 102 i! 117 i 130 10G i| -3a4 1919 125 i; 1.18 • 50 133 - Onions carloads— 2,057 2,405 2,108 12,810 16,806 +31.6 +fi. 0 +i+ o Citrus fruits : carloads- 4,100 3,856 3,024 G8,677 72.943 i +6.2 1919 ! 66 200 ! 145 71 i! 1919 5G 00 \ 58 : 03 +5.8 +27. fi Hay, receipts _ tons.. 61,672 65,275 72,006 577,793 023,701 : +7.9 M -0.3 Hay production, monthly m i est." i thous. of bushs.. 88,500 95,100 89,100 1909-13 131 . Cattle and Calves

Cattle movement, primary markets: S3 +7.6 ^ -12.0 Receipts thousands- 1,798 1,934 2,214 14,128 13,853 -1.9 1019 108 ss 5,605 5,272 , -5.9 1019 118 :i 72 +28.9 -21.8 Shipments, total thousands.. . 641 826 1,056 S3 3S +81.1 -30.2 Shipments, stocker and feeder.thousands.. 109 306 450 2,161 1,777 ii -17.8 1019 109 ;• 03 8,434 8,573 +1.0 1019 102 '; 100 I ! -4.3 -G.5 _ Local slaughter thousands.. 1,141 1,092 1,168 100 ! Beef products: 1013 13S 135 132 • 135 : +2,2 -2.2 Inspected slaughter products_thous, of lbs.. 435,299 444,732 454,813 3,306,085 3,314,223 +0.2 ; 3,2CS,561 3,277,062:1 +0.3 1010 104 102 ! 102 +0.1 -1.3 Apparent consumption thous. of lbs._ 4312g 481. jg 102 100 ' +2,0 -20.9 Exports thous. of lbs.. 112,241 102,551 • -8.6 1913 133 103 i i i ! 46 1919 10 jj 2S 21 I 21 -1.5 +G.2 '°" 1013 12S i! 121 112 -0.9 -12.8 Cattle, corn-fed dolls, per 100lbs.. 9.503 9.481 10.875 127 s] .165 1013 122 .: 131 0.0 +4.4 . 165 .158 1913 141 ;: 129 133 j 130 120 >' -0.6 -8.2 Beef, fresh native steers..—dolls, per lb_. -170 69 .184 »ta^Zi!lTmZtoT^'^>ni following month Indicated f. o. ,U» Wy and August column, show estimate* as of September 1 and October 1 , respectively. 44 TREND OF BUSINESS MOVEMENTS—Continued

Per ct. Per cent NOTE.—Data on the following items for the NUMERICAL DATA increase RELATIVE NUMBERS increase (+) period January, 1022, to June, 1921, may bo or decrease (-) found in the August quarterly issue of the (+> BASE SURVEY (NO. 36). Detailed tabulations of CUMULATIVE TOTAL or de- TEAR I Au- September new items appear at tho end of Corre- FROM JANUARY 1 crease 1931 OR 1923 ' gust, this issue. Sec Contents, p. 1 ; sponding THROUGH LATEST (-) >EIUOD August 1924, month, MONTH cumu- from | from In many cases September figures are July or lative July Au- now available and may be found in August, 1924 !l gust, 1923 j 1924 the special table on page 26 j July August 1923 from * : ^J 1923 1923 5 I < FOODSTUFFS-Continued Hogs and Pork Hog movement, primary markets: 4,091 3,196 3,714 35,670 36,749 +3.0 1919 112 ! 99 : 116 -21.9 ! -13.9 Iteceipts, primary market thousands.. 12,449 13,452 1919 j 125 = 121. 135 -17.9 I -1G.2 Shipments, primary markets__thousands.. 1,477 1,213 1,448 +8.1 ! 23 25 62 501 329 -34.3 1919 I 45 I 83" 61 +8.7 -59.7 Shipments, stocker and feeder.thousands.. 23,195 23,237 1919 I; 105 | 90 •• 108 -22.6 : -11.7 Local slaughter thousands.. 2,605 2,017 2,283 +0.2 i Pork products, total: 6,069,945 6,016,025 1913 151 -25.0 -14.4 Inspected slaughter product.thous. of lbs._ 731,931 548,939 641,311 -0.9 641,670 535,999 615,149 4,482,307 4,671,474 +4.2 1919 153 -16.5 —12.9 Apparent consumption—!., .thous. of lbs.. 1,310,979 1,235,788 1913 140 -8.8 -17.1 Exports thous. of lbs_. 148,208 135,104 162,965 -5.7 Cold-storage holdings 1919 95 || 111 -13.1 -4.0 (end of month) —.thous. oflbs.. 960,501 834,953 870,122 Lard (included in pork products): 177,565 121,584 142,084 1,325,779 1,376,969 +5.4 1919 161 • -31.5 -14! 4 Production thous. of lbs_. 691,467 132 -12.4 -9.3 Exports ...thous. of lbs,. 86,706 75,937 83,758 702,543 -1.6 1919 Cold-storage holdings -17.1 +7.5 (end of month) thous. of lbs.. 150,243 124,552 115,360 1919 126 139 Prices: +17.4 +20.3 Hogs, heavy, Chicago dolls, per 100 lbs.. 8.188 9.613 7.994 1913 96 .201 .222 .223 1913 134 +8.8 -a 4 Hams, smoked, Chicago dolls, per lb.. +13.5 Lard, prime contract, N. Y..dolls. per lb.. .126 .143 .116 1913 105 +23.3 Sheep and Lambs Sheep movement, primary markets: 1,800 12,395 79 +19.9 +11.4 Receipts, primary markets thousands.. 1,672 2,005 12,586 -1.5 1919 +13.S Shipments, primary markets..thousands.. 712 1,022 898 5,761 5,746 -0.3 1919 74 +13.5 226 444 341 1,384 59 +96.5 +3G.2 Shipments, stocker and feeder.thousands,. -1.0 1919 +8.3 Local slaughter thousands. 950 978 903 6,644 -2.4 1919 86 +2.9 Lamb and mutton: 37,539 295,761 85 jj +3.3 +10.4 Inspected slaughter produc.thous. of lbs. 38,768 35,145 295,729 0.0 1913 77 +6.8 Apparent consumption thous. of lbs. 37,908 38,608 36,154 300,246 296,087 -1.4 1919 +1.8 92 Cold-storage holdings +26.6 (end of month) thous. of lbs. 2,254 2,259 1,785 1919 33 +0.2 Prices: 22 Sheep, ewes, Chicago...dolls, per 100lbs.. 4.844 5.969 5.750 1913 127 +23.2 Sheep, lambs, Chicago..dolls, per 100 lbs. 13.750 13,281 12.813 1913 123 170 -3.4 ft! 164 | Poultry -8.0 +0.8 Receipts at five markets thous. of lbs.. 10,780 18,205 18,068 161,672 171,414 +6.0 1919 91 90 92 Cold-storage holdings -as (end of month) thous. of lbs.. 33,542 33,862 34,131 1919 53 ! 61 52 +1.0 Fish Total catch, prin. fishing ports...thous. of lbs.. 22,592 20,018 20,834 | 124,318 134,341 -11 4 I -3.9 +8.1 1919 120 +36.3 +25-6 Cold-storage holdings. 15th of mo.thous. oflbs.. 36,036 49,113 39,101 ' 1919 58 80 Canned salmon, shipments cases.. 660,591 653,480 1922 Dairy Products Fluid milk: Receipts- -8.7 +7.6 Boston (includ. cream)..thous. of qts_. 18,448 16,810 15,653 124,445 130,169 +4.6 1919 127 120 133 141 +6,7 Greater New York thous. of cans.. 2,684 2,6*6 2,479 20,102 20,009 179 -1.4 -0.5 1913 238 166 176 -16.2 +7.1 Production, Minneapolis....thous. of lbs.. 22,676 19,009 17,742 145,631 183,367 +25.9 1919 261 218 363 317 Condensed and evaporated milk: +6.1 Stocks thous. of lbs__i 2SO,2C1 241,710 227,826 132 129 -13.8 1920 89 105 +17.0 +41.3 Exports (case goods) thous. oflbs 13,601 11,261 110,330 137,359 +24.5 1919 15 16 16 19 Butter: ; 15,908 -26.6 +1S.5 Receipts, 5 markets thous. of lbs • 94,977 58,814 478,144 506,139 +5.9 1919 165 128 201 207 Cold-storage holdings, creamery j 69,681 (end of month)... tlious. oflbs..' 133,402 102, 731 236 +17.1 1916-20 180 182 132 -2.8 Wholesale price, 5 markets..dolls, per lb .306 156,232 .441 1919 67 74 68 67 Cheese: .385 -21.7 -10.3 Receipts, 5 markets thous. oflbs 25,544 22,291 149,451 146,081 -2.3 1919 155 137 131 157 Cold-storage holdings, American 19,996 +16.3 +19.5 (end of month) thous. oflbs.. 65, 716 76,431 63,960 1916-20 149 171 121 175 >05 -19.3 Wholesales price, 5 markets..dolls, per lb.. .196 .197 .244 1919 75 63 63 Eggs: -26.6 -12,0 Receipts, 5 markets thous. oflbs.. 1,445 1,060 1,205 13,738 12,333 -10.2 1919 113 153 122 -11.4 Cold-storage holdings (case) .thous. oflbs.. 9,264 8,756 9,883 1916-20 303 251 267 Sugar Raw: -28.6 +33.2 * Imports long tons- 377,399 269,500 202,336 2, 551,184 2,835,704 211 : 186 153 ^416 +11.2 1913 138 -10.9 Meltings, 8 ports long tons.. 503,482 448,493 316,729 3,037,746 3,395,488 +11.8 1919 133 | 144 Stocks at refineries -29.5 (end of month) long tons- 321,238 226,403 209, 798 354 : 386 237 1919 1324 +77.3 Refined, exports long tons.- 22,054 39,007 2,624 186,265 163,970 -12.0 1909-13 1018 ! 756 Cane, domestic: +50.3 -26.2 672 1,010 1,368 40,721 26,717 -34.4 1013 Receipts at New Orleans long tons.. Prices: +5.9 -11.5 Wholesale, 96° centrifugal, .051 .05-1 .061 1913 161 | 145 0.0 -13-2 N. Y ...dolls, per lb,. .066 .066 .076 1913 170 152 -2.6 -14.9 Wholesale refined, N. Y_.?._doUs. per lb- 1913 167 151 Retail, average 51 cities...index number.. -2.3 Cuban movement; 168,812 164,990 64,878 3,269,979 3,626,413 +10.9 1919 114 43 -13.9 Receipts at Cuban ports long tons.- 366,293 315,283 148,237 2,867,864 3,211,757 +12.0 1919 116 , -24.3 Exports long tons.. 570,802 432,123 429,588 1919 144 i 122 Stocks, end of month long tons— 45

TREND OF BUSINESS MOVEMENTS—Continued

Per rent NOTE.—Data on the following items for the NUMERICAL DATA ! Per ct. period January, 1922, to June, 1 1G1 : 1UCI " 144 -?J. 5 Tea Imports thous. of lbs.. 7,929 8,638 9,509 53,933 53,094 -1.6 1909-13"! 117 I 110 51 77 90 ! 105 .- +8.0 ; -0.7 TOBACCO Consumption (tax-paid withdrawals): Large, cigars millions.. 595 574 4,5-16 4,304 -5.3 1913 •03-08 88 : 80 : 01 j 01 -3.5 -G.h 616 : Small cigarettes millions., 6,583 6,316 5,858 42,817 47,449 +10.8 1913 i 450 | 452 +7.S m Manufactured tobacco 493 ; 49S 508 • 4b7 -4.1 and snuff thous. oflbs.. 34,407 34,959 36,172 282,225 270,130 -1.1 1913 ' 01 I OS i : -3.4 Exports: ! ! 91 01 03 ! V5 +1.G Unmanufactured leaf thous. oflbs.. 33,813 34,505 34,154 302,351 391,070 +29.3 1000-13 140 j 109 ! +1.0 Cigarettes millions.. 745 782 027 8,054 7,350 -8.7 1913 , G77 ! 4S0 140 ! 17S 108 111 +2.0 -15.0 Sales of loose-leaf warehouses thous. of lbs.. 591 37,453 158,313 194,431 +22.8 1919 I ' 40 G03 ' GIM 3So • 400 : +.1.0 -10.3 Production (crop estimate, 1st of 33,434 following month) " mills, oflbs. 1,202 1,551 1009-13 • 14S i 15G G 2 " 41 +405.7 -23.0 Price, wholesale. Burley good leaf, 1,195 dark red, Louisville dolls, per 100 lbs.. 24.50 I 28.00 1013 j 212 ' 212 212 13. 0 10212 1 IS! 12O 0IS O -0.G -12.5 24.50 TRANSPORTATION : i 0.0 River and Canal Cargo Traffic ! Panama Canal: Total cargo traffic thous. of long tons-. 2,097 : 1,058 2,169 16,149 17,535 +S.6 1915 ! 574 i 532 .178 407 ' 515 . 4SI -o.c In American vessels, .thous. of long tons.. 1,196 i 1,072 1,507 10,2-18 10,182 • -0.G 1015 i 853 S27 732 035 fi.iG •, frtvS -10.4 3,383 4,271 , +26.2 1915 ! 219 j 20S 314 2J1 • 2M , 213 +ir,. s In British vessels thous. of long tons.. 53S I 445 3S1 1 -17.3 fcault Ste. Marie CanaL.thous. of short tons.. 11,139 i 11,051 14,353 53,137 44,750 ; -15.8 1913 144 ; 144 99 111 | 112 ' 111 -U.S -23.0 Cape Cod Canal tons.. fcuez Canal thous. of metric tons.. 2,122 2,117 1,793 15,069 16,053 j +11.1 1919 • 171 ! 154 182 . 150 : 182 Ib2 . -0.2 I +17.7 Ohio River, Pittsburgh, Pa., to ; Wheeling, W. Va short tons.. 439,861 609,940 942,870 4,20S,61G 3,633,770 -13.7 1922 ii 215 . 310 203 1CS • 147 . 20-1 . +3S.7 j -35.3 Ocean Transportation Entrance, vessels In foreign trade: Total thous. of net tons- 6,633 6,276 6,574 43,533 44.35S: +1.9 1913 i 154 •• 14S 143 j 142 ; 149 141 -5.4 j -4.5 1913 jj 210 • 20g 2S3 ! 224 : 210 , 224 -ft 8 +7.2 American thous. of net tons.. 2,820 ! 2,629 2,453 17,448 19,255 |,: +10.4 : Foreign thous. of net tons.. 3,813 i 3,647 4,121 26, OSS 25,105 ' -3.8 1913 Ij 134 ! 120 • 90, 113 • 117 • 112 • -4.-11.4 5 Clearances, vessels in foreign trade: ! 1913 j' 1555 | 141499 '• 14413 ]5 13 , 514 ,8 141.108 1.10.. +1.; +1.1 1 +0.3 Total thous. of net tons.. 6,638 6,713 6,695 43,90-1 44,957 +2.4 ; American thous. of net tons.. 2,724 2,877 2,559 17,686 19,533 +10.5 191iyi3 20MO 9 I Md20 5 ;• 25AM9 |I I1919W9 9 21*lv2188 j j ***23 230 0. . +5.T+5G G +12.4 Foreign thous. of net tons.. 3,913 3,837 4,136 20,216 25,421 -3.0 1013 ! 134 128 . 100 : 110 j 121 . 119 -1 Freight rates, Atlantic ports to: 1920 i 20 20 ' 2S I 25 ! 23 i 24 +4.3 + 20.0 United Kingdom.weighted index number.. 1920 ! 20 20 20 ! 23 ! 22 . 22 .: 0.0 + 10.0 All Europe weighted index number- Freight Cars Surplus (daily av. last week of month): 162 ! 187 j 109 j 84 , -50.1 Box number- 138,734 69,244 50,935 1910 62 ; +35.0 3,922 1910 5 223 ! 215 194 ! 128 (l -33.7 Coal number.. 146,840 07,080 35 ;. 179 ! 18S ! 170 i 103 •: -39.7 „ Total number.. 322,530 194,306 66,559 | 1910 + 191.9 shortage (daily av. last week of month): 1 + -91.8 2,518 I 1910 14 j 13 , (») : lI Box number- 94 i 212 ' ) ! ) : +4G.2 -D9.fi 13 ! 19 : 4,891 1919 114 ; 116 ! , , Coal number.. 1919 40 | 39 j (») ! 1 i 1 : +65.3 -97.4 _ Total number- 150 ; 243 !: 9,441 i Cars in bad order: 124 ! 115 I124 i 129 133 I 1SS i +3.6 +19.8 202,864 210,109 i 175,327 1913 Total cars.. 1913 122 113 , 122 ! 125 +19.5 Ratio to total in use per cent.. 8.9 9.2 ! 7.7 131 135 :! +3.4 Car loadings (monthly totals): IIS : 105 12S ! 101 : 110 :! +S.4 -7.0 4,112 32,059 30,536 : -4.8| 1019 Total ._ thous. of cars.. 3,527 3,823 122 ! 95 111 , 103 140 , +35.6 +14.G : 206 1,395 1,492 +6.7 1919 ; Grain and grain products..thous. of cars- 174 230 , 89 ; 103 | 76 +1.7 -9.1 132 1,063 1,062 : -0.6 1919 Livestock thous. of cars.. 118 120 1919 100 : 77 i 07 ! 77 : +S.5 22 ^ 578 627 ,' 813 6,795 5,600 -17.6 Coal and coke thous. of cars.. 1919 113 123 120 13S : 97 110 .' +14.2 -10. 5 239 273 . 305 2,481 2,432 ' -2.1 Forest products thous. of cars.. 1910 204 I 200 123 • 181 I 136 ' 12S ; -G.3 -3G.1 207 " 324 1,505 1,118 -25. 7 Ore thous. of cars.. 221 1919 111 ! 110 114 • 136 i 109 117 j +7.5 +1.3 Merchandise and misc thous. of cars.. 2,197 2,361 •! 2,331 18,809 18,833 +0.1 n Railroad Operations I Kevenue: 1013 214 227 195 183 •' 192 203 Ii +5.4 -10.9 Freight thous. of dolls.. 339,005 358,424 i. 402,100 3,053,158 2,706,824 -8.4 112,966 759,675 730,904 • -3.8 1913 187 166 149 ; 167 ; 1G0 182 •• +7.3 -7.5 Passenger thous. of dolls.. 97,372 104,519 i| 210 221 : 187 1S3 ; 189 i 199 :! +5.6 -9.9 504,528 4,198,835 3,860,913 i -8.0 1913 ; Total operating thous. of dolls.. 481,588 503,394-' -8.2 1913 223 ' 235 210 ' 200 "• 204 20G 1 +1.0 -12.6 Operating expenses thous. of dolls.. 369,909 373| 599 427,453 3,287,800 3,016,734 "Estimatesmado as of "the 1st of the second following month indicated; i. c, the July and August columns show estimates as of September 1 and October 1, respectively. 11 Relative number less than 1. 46 TREND OF BUSINESS MOVEMENTS—Continued

1 Per ct. . PercenPercentt NOTE.—Data on the following items for the ! NUMERICAL DATA RELATIVE NUMBERS period January, 1022, to June, 1924, may be ! I i increase i increase ((+)) ••; c+) found in the August quarterly issue of the I |'Ij. or decrease (- SURVEY (NO. 36). Detailed tabulations of ji or de- BASE '; September new items appear at the end of | CUMULATIVE TOTAL crease TEAR | Corrp- | FKOM JANUARY 1 Au- this issue. See Contents, p. 1 sponding | (-) on i 1923 1931 gust, THROUGH LATEST cumu- i "August!1924, mouth, MONTE PERIOD ;j In many cases September figures are July or ! lative from from now available and may be found in • -I 1924 July Ail- August, j: from the special table on page 26 j July August 1923 1933 1934 .1 £ ! sj i im ;i s i < TRANSPORTATION—Continued I Railroad Operations—Continued j Net operating income: Total thous. of dolls..: 74,088 95,415 98,934 ! 629,857 560,221 -11.1 1013 142 165 101 I 109 121 | 159 i! +2S.8 -3.6 Freight carried mills, ton-miles.. 33,157 36,422 40,344 ! 304,341 274,238 -9.9 1913 141 148 121 j 133 .« +9.9 -9.7 Pullman company operations: i 'I Revenue thous. of doll*-. 6,345 . 7,182 " 7,130 ! 48, 319 49,112 i! +1.6 1913 i| 190 184 I 208 +13.2 207 ! +0.7 Expenses thous. of dolls._, 5,421 , 4,99S 5,010 i 38,074 40,748 11 +4.6 1913 . 218 215 197 I 231 i 213 -7.8 -0.8 Passengers carried thousands..; 3,097 • 3,491 3,456 ! 22,777 22,918 j! +0.6 1913 •152 167 150 j 149 I 168 '+12.7 +1.0 Locomotives in bad order, per cent to total uit>: Total end of mo = 11,105 " 10,964 i 10,517 | 1919 !l 74 71 ! 70 :| -1.3 +•1.3 Per ct. in total use _ j 17.2 17.0 | 16.5 1919 75 69 72 ! 71 j -1.2 +3.0 Passenger Travel National parks: Visitors - number., i 416,121 350,568 384,560 1,133,741 1,184,059 ! 13.3 1920 613 142 305 604 552 '• -8.5 -1.0 Automobiles entered number..! 0-1,654 57,217 45,242 ! 130,431 168,271 j 29.0 1020 817 S94 I 791 !;-11.5 +26.5 Arrivals from abroad: i 101 447 1 Aliens L number.. 22,773 37,217 101,974 521,364 354,130 I: -38.1 1913 83 I 86 41 ! 47 31 i +63.6 United States citizens number.. 20,927 44,791 33, 510 181,291 103,843 i 6.9 1913 182 1+114.0 +33.7 Departures abroad: ! 84 | 13G SO ! 87 • Athens number..! 24,240 23,371 18,756 120,056 144,147 ij 20.1 1913 41 42 46 !| 3.6 +24.6 United States citizens number... 43,822 37,657 27, 744 194,481 225,7299* 70119 ' 15. 7 1913 85 ! Ill 125 ,i -14.1 +35.7 Passports issued number.., 12,536 8,571 100,141 115,344 15.2 1913 1348 11136 439 i! -31.6 +3.5 PUBLIC UTILITIES ' ! I Telephone companies: ; Operating revenues thous. of dolls..! 47,656 i 42,999 304,151 32,877!' +8.1 1913 362 | 363 ! 1 Operating income thous. of dolls.. 8,328 72,378 68,099 |; -5.9 1013 225 I Telegraph companies: Commercial telegraph tolls, thous. of dolls...I 8,910 9,212 9,313 717,722 70,761 f -1.3 1919 117 : 117 121 :". ++3.4 -1.1 Operating revenues thous. of dolls. 11,1G0 11,435 11,428 88,424 87,927j! -0.6 1919 110 I 109 111 113 i| +2+2.55 +0.1 Operating income thous. of dolls. 1,380 1,537 1,634 12,574 11.421 !| -9.2 1919 92 S9 81 97 ; +15.0 -2.9 Central electric stations: ij Production, electric power- Total mills, of kw. hours. 4,611 4,754 4,670 36,662 38,460 jj +4.9 1919 140 14S 142 i 147 : +3.1+1.S By water power..mills, of kw. hours. lf602 i 1,520 1,570 13,492 13,590 i; +0.7 1919 130 160 132 [ 125 j -5.1 -5.1 By fuels mills, of kw. hours. 3,008; 3,214 3,100 23,140 24,850 !j +7.4 1919 142 140 ! 148 159 jj +6.8 +6.8 Consumption of fuels- Coal thous. of short tons. 2,788 ! 2,949 3,209 25,270 24,356 ii -5.6 1919 101 06 1 92 95 ! 101 +5.8 +5.8 Oil.... thous. of barrels. 1,431 ; 1,499 1,352 9,327 11.422 !! +25.1 1919 127 131 I 146 155 j 163 +4.8 +10.9 Gas millions of cu. ft. 5,072 I 5,399 3,378 20,639 28,846 i- +39.8 1919 178 169 I 240 284 j 303 i| +6.4 +59.8 Gross revenue, sales thous. of dolls. 99,000 i 97,500 718,050 7SS mo j! +9.9 1913 375 417 399 381 ! !i - EMPLOYMENT I Number employed, State and city reports: 1 New York State thousands.. „ - !i +0.2 -13.3 Detroit thousands..' 1914 115 114 105 | 102 1920 124 119 116 111 111 j 112 i| +1.0 -5.7 Wisconsin index number..•_ 116, 115 ! . Illinois index number. J_ 1915 128 127 116 111 1922 110 101 Massachusetts.„ index number., 112 105 . 96 1922 105 10-1 33 I 36 ! Total pay roll: 11! Now York State thous. of dolls..: 1914 256 249 233 i 224 214 ' 217 ji +1.3 +0.7 Wisconsin index number..1. +5.5 -10.7 1915 263 280 266 i 243 237 I- '250 ' Average weekly earnings: i New York State dolls.. 1914 221 217 221 218 217 I 220 +1.0 +1.0 Illinois index number..-. 1915 109 109 112 111 109 I ' Wisconsin index number..'•. 1922 209 221 230 219 205 1 218 j Massachusetts index number. 1922 226 222 216 214 Earnings and Hours of Labor il Average weekly earnings: Grand total (both sexes) dollars. Total male •1914 213 203 200 i I!- dollars. 1914 214 201 204 i... Skilled male dollars. 202 L Unskilled male 1914 214 210 dollars. 1914 215 212 205 [.. Total women dollars., Avcrago weekly hours: 1914 223 214 201 '-- Nominal (both sexes) hours.. 90 i :! Actual (both sexes) 1914 91 91 I 91 hours.. 1914 96 90 j 83 86! •; DISTRIBUTION MOVEMENT Mail-order houses: ! Total sales thous. of doils.. 239 211 +7.9 1913 : 199 243 +0.4 Sears, Roebuck & Co thous. of dolls. _ 1913 205 175 169 : 3! Montgomery Ward & Co.thous. of dolls..; i 183 312 +19.4 Ten-cent stores: i 1913 i 226 335 394 +22.6 Total sales '. thous. of dolls.-• 27,319 : 25,555 ; 341 F. W. Woolworth & Co.-Jboiis. of dolls..! 1913 j 300 - , 15,950 ! 14,964 , 1913 254 Number of stores operated • 1,328 ,' ^ .! 309 ! 281 1,232 j. +7.3 S. S. Kresge Co thous. of dolls... 6,371 •; 6,802 ;| 0,338 +6.8 ! : ! 1913 I. 520 6-18 , 5S6 Number of stores operated 245 - 245 221 I. i McCrory Stores Corp thous. of dolls..! : +i9.~4 1,899 ! 2,000 | 1,725 I 1913"~|i~3G6" 430 | 417 Number of stores operated • 171 ! 171 '; 166 _. S. H. Kress &. Co thous. of dolls.." 3,009 : 3,000 . 2,527 i" Number of stores operated ' 1913~"li"2S4" 336" I "375* i5s; 158 "; 14S •"_. TREND OF BUSINESS MOVEMENTS—Continued

NOTE.—Data on the following items for the NUMERICAL DATA : Per ct. Tor cent period January, 1022, to June, 1921, may be ii increase RELATIVE NI-MHKHS Increase (i-) found in the August quarterly issue of the d() SURVEY (NO. 36). Detailed tabulations of j" j CUMULATIVE TOTAL 'I Cr&lSC- 11 A si: September now items appear at the end of! ! YEAR this issue. See Contents, p. 1 i 1924 ,! i,orre- FttOM JANTAUY 1 i (-) : Rust, .'spondmg TI111OUGH LATEST il CUmu- OK 1923 IVti TKl'MD Aucuii In many cases September figures are \ from from now avaiabe and ay be f j . j! IOIM nowthe specialavailable table and on may pago be 26 found in ,! August, : July August j 1923 19.3 1924 ;| ftS SIT J1"y 3 ° DISTRIBUTION MOVEMENT—Contd.! Restaurant chains: ! ; Total sales, 2 chains thous. or dolls.. 2,010 3F07S | 3,17S 23,0)3 23,919 I -0.3 1920 113; 12l! 110 , ](/J 112 112 j 4 4.7 Stores operated number.. • 221 221 •' 209 .. Child's Co thous. od dolls... 1,900 2,023 :i 2,042 15, M2 15,259 '; +0.8 I5J3 \2C7 Waldorf system thous. of dolls..: 1,0-10 1,055 ii S.froG S,000 I -2.2 1,136 \ 1920 VS2 ! 132 131 +1.4 . -7.1 Chain stores: | 140 ! 144 • 144 ! " J. C. Penney Co thous. of dolls..i 4,748 5,276 il 4,259 • 32,017 1913 : +11.1 +il.O Number of stores. 501 5-14 h 429 .. 1707 '.1000 2702 ( United Cigar Stores Co.. -thous. of dolls.. 5,741 6,201 " C, 204 47,591 110 -0.3 1913 i +s.o -i.o Number of stores __ 2,495 2,529 i 2,490 i A. Schultfi (Inc.) thous. of dolls.. 1,800 1,903 !. 1.G70 i 12, 228 . 14, aw +10.2 1919 231 | 24V . 2to »a j JBS • 2S3 Number of stores • 251 254 :j 240 '.. ! Owl Drug Co thous. of dolls. J 1,439 1,501 ! 1,457; 10,773 • 170 1 . 117 ij -0.7 +0.f. Value thous. of dolls.. 72,910 09,552 ! 70,800 ' 81,332 ! 651,360 ; +S.3 1019 104 '; 125 119 112 ; 100 |! -4.0 Domestic, issued (50 cities) — C01,700 108 ' -l.h Quantity number.. 2,724 2,591 ! 2,440 ! 20,925 I 23,409 i +11.9 1010 . 134 i120 150 153 -4.0 + 0.2 Value thous. of dolls.. 2S,01S 27,210 . 20,744 ". 219,122 I 235,002 +7.2 1919 123 ! 123 140 131 -a.il + 1.7 Foreign issued thous. of dolls.. 3,225 2,931 ! 3,539 : 24,344 ! +7.6 1010 111 j 119 no 103 ioy 1 w i| -17.2 Internal-revenue taxes collected: 22,647 ; ! Firearms and shells thous. of dolls.. 321 471; 347 j 1,705 -3S. 4 1010 . 19-1 ; 108 = 39 83 100 "7 -I + 40. 7 +35. 7 Jewelry, watches, and • 2,770 j clocks thous. of dolls.. 1.5SS 893 | 1,510 ! 15,503 :-' +0.8 1010 129 ! 120 118 133 j 75 !i -43. S Theater admissions thous. of dolLs.. C, 22G e 3,198 ! 5,501 | 49,0115,7452 ! fi0,C07 +3.2 1910 95 I 103 115 Mt -j -4S.6 Bonds and stocks issued and !• conveyances thous. of dolls..; 2,405 1.8W ! 3,425 ! 32,230 ; 20.300 -18.2 1019 107 Ofl 107 ! 84 G7 i 52 !! -22.4 -4.V5 814 < 434 i 6,357 ! 5,927 . -G.S 1019 00 48 00 53 ! G2 i &oi: +ihj.4: Capital stock transfers thous. of dolls..I 629 BANKING AND FINANCE Life Insurance {Association of Life Insurance Presidents)"

PoliciesOrdinary, new (4- 5 companies)thous: . of policies., 1SS 174 1S4 1,564 1.5GG +0.1 1913 243 • 230 ' 279 j 23S | 235 21S ! -7-4 -5.4 Industrial. thous. of policies,. 596 010 567 = 5,333 j 5,456 +1.2 1U13 1C0 149 200 I 177 ! Vu j JfX) ,! +2.3 +7.f> Group number of contracts.. 114 71 75: 1,190 S19 -31.5 1913 19&;9&0 !l500 2220 19s0 2280 1420 ,j -37.7 -5.3 Total insur- l +4.4 ance—thous. of policies and contracts.. 784 7S4 j 751 ! 0,931 ' 7,023;. +1.0 1913 175 ! 163 213 \ IBS 170 170 ' - 0.0 Policies and certificates: Total. .number (policies and certificates).. 800, SS7 ...J! -0.4 Group insurance.. .number (certificates).. 17,878 !; -17.1 Amount of new insurance (45 companies): : 41S ,' 400 374 -0.1 Ordinary thous. of dolls.. 536,897 4*4,066 !j 4S5.44S 4,101,191 j 4.403.943 j +7.4 1913 . 355 338 33S ! -0.7 141,525 •: 127,090 i 1,143.05,1. 2 1,243,431 ' +&.& 1913 ' 256 245 298 273 ' + 11.4 Industrial...; thous. of dolls.. 135,015 14, : 1243 il2C0 2010 1240ISO.' =1322 |! -M.K i +4.+444 Group thous. of dolls.. 31,343 2li9S0 . 233,602 224,070- -5.9 1913 I 22,949 , 1913 •: 330 i 322 .; 410 ! 3S3i0 7 . 32J i- -7.7 ' -r2.4 _ Total insurance thous. of dolls.. 703,255 649,439 ; 634,517 i 5.485.WH 5,877,046!. +7.1 Premium collections (45 companies): 250 i 247 1 349 : 344 371 1 3,V) -5.S +41.5 Ordinary thous. of dolls.. 144,580 136,175 j 90.209 • 793,311 ! 1,021,215 N +28.7 1913 29,006 i 221,003 I 2ol,112 . +11.8 1

Bales of ordinary life insurance (Si companies): I . .. ] 4.401.402 | 4,669,064 !! +6.1 l'J21 126 , 127 1.7) , 121 I3'J 120 -14.0 United States total thous. of dolls..! - 591.340 508,389 J! 53*043 1021 ! 124!129 i 135 i:-0 123 •• -IS.4 Eastern manuf. district. ..thous. of dolls..: 232.179 1S9,574 •: 199,1a? 1, tm, 260 i 1,89S, 220 +12.0 001,739 I 1,015,76-1 ;• +5.G 1921 132 135 120 ! 130 121 I -10.fi -S. 0 JJpcsternmanuf.district...thous. of dolls. J 125,200 112,012:; 121. ,4o : 1921 , 115 ! 109 123 U0 ! 120 ' 101 ; -10.0 -7.3 western agric. district thous. of ar Western district thous. of dolls.. 03,014 5G, 570 j, 00,24J | 441,505 1 471,131 +6.7 [j Cumulatives are for the nine months' period ending September 30. irn J K ini *" " ' ° , nt thG r.,tP nf 1 cent for each 10-ccnt admission cliarpeor fraction thereof. The revenue act of 1921 exempted 1, eSctiio'as of July 3, l'JJl, exempted all admissions of fiO cents or under. 48

TREND OF BUSINESS MOVEMENTS—Continued

Per ct. Per cent NOTE.—Data on the following items for the ! NUMERICAL DATA mcreus< RELATIVE NUMBERS increase (+) period January, 1922, to June, 1024, may bo ! { " or decrease (-) found in the August quarterly issue of the :. +? or de- BASE SURVEY (NO. 36). Detailed tabulations of I CUMULATIVE TOTAL crease September new items appear at tho end of Corre- YEAR FROM JANUARY 1 \ (-) 1933 this issue. See Contents, p. 1 1921 spondhij THROUGH LATEST Oli 1921 cumu- PERIOD month, MONTH lative In many cases September figures are July or ; 1924 l " now available and may be found in August, from the special table on page 26 ! July j August 1923 1933 1931 1923

BANKING AND FINANCE-Continued ; Banking j Debits to individual accounts: New York City mills, df dolls..: 21, 469 20,916 16,189 160,380 169,817 +5.9 1919 90 105 j 108 i 106 I -2.6! +25.2 Outside New York City..mills, of dolls..j 18,662 17,776 17,303 150,200 148,339 j -1.3 1919 10-1 106 ! 101; 106 -4.7 . +2.7 Bank clearings' ! 1 New York City mills, of dolls..I 21,127 20,342 14, 773 143,051 160,934 j +12.0 1913 211 ! 187 263 ; 253 '' 268 I 2o8 ; -3.7 I+37.7 Outside New York City...mills, of dolls.. 16,240 15,247 14, 59 1919 84 I 85 72 j 70 -1.2 ; -20. S Total investments mills, of dolls.. 531 I 593 267 1019 46 I 45 71 I SO ! +11.7 4-122.1 Total reserves mills, of dolls.. 3,200 : 3,202 3,201 1919 146 14G 147 149 1 -1.8 ! 0.0 Total deposits mills, of dolls.. 2,165; 2,150 1,908 1919 08 99 103 109 -0.7 j +12.7 Reserve ratio per cent.. 83.0 ! 82.3 77.5 1919 150 ! 154 I" 165 165 I 165 -0.6 I +0.5 Federal reserve member banks: j no I: Total loans and discounts..mills. of dolls.. 12,265 ! 12,134 11,703 1921 93 I 100 102 +1.4 +6.2 Total investments mills, of dolls.. 4,987 " 5,091 4,537 1921 135 135 138 143 I +2.1 +12.2 Net demand deposits mills, of dolls.. ; 12,419 10, SSO 1919 105 ! 103 108 112 +1.5 +14.1 Interest rates: 12,233 New York call loans per cent.. 2.10 j 2.00 4.95 1913 110 -4.7 -59.3 Commercial paper, 60-90 days__per cent.. 3.53 ! 3.25 5.10 1913 77 8! -7.8 -35.5 Savings deposits, by Federal reserve districts . I (balanco to credit of depositors): Total, &4S banks thous. of dolls..'7,070,720 •7,037,421 6,025,963 1920 122 129 130 +0.2 +7.0 Boston, 64 banks thous. of dolls.. 11,256,927 -1,261,001 !l, 194,152 1920 115 121 121 +0.3 +5.6 New York, 30 banks.-thous. of dolls. 1,974,072 '1,077,476 1,854,412 1920 121 127 129 +0.1 +6.6 Philadelphia, 78 banks.thous. of dolls., 489,816 490,950 461,922 1920 119 125 125 +0.2 +6.3 Cleveland, 18 banks.-.thous, of dolls. 479,171 ' 480,963 432,286 1020 125 136 135 1 +0.4 +11.3 Richmond, 91 banks..thous. of dolls. 317,903 322,551 283, 652 1920 128 137 140 '' +1.5 +11.7 Atlanta, 96 banks thous. of dolls. 228,026 229,159 215,358 1920 130 130 139 +0.5 +6.* Chicago, 209 banks thous. of dolls. 902,003 001,674 858,657 1920 114 120 122 -0.1 +5.0 St. Louis, 32 banks thous. of dolls. 138,176 138,570 130,158 1020 143 154 153 +0.3 +6.5 Minneapolis, 15 banks.thous. of dolls, 90, C56 90,772 88,820 1920 124 125 127 +0.1 +22 Kansas City, 50 banks.thous. of dolls. 108,921 109,229 103,892 1920 130 ! 123 136 138 +0.3 +5.1 Dallas, 85 banks thous. of dolls, 06,824 66,811 60,716 1920 135 136 147 149 0.0 +10.0 San Francisco, 72 banks thous. of dolls. 1,016,725 j 1,018,256 936,938 1920 134 134 143 145 +0.2 +S.7 IT. S. Postal Savings thous. of dolls. 132,915 ! 133,929 132,502 1913 331 I 333 335 334 +0.8 +1.1 New York State Savings banks thous. of dolls, [3,267,064 =3,538,712 1913 ISO 189 +8.3 Public Finance Government debt: I I Interest-bearing mills, of dolls. 20,991 i 20,031 21,902 '* 1919 87 i 87 0.0 | -4.2 Total gross debt mills, of dolls. 21,254 : 21,245 22,201 '* 1919 87 i 87 00..0 ! -4.4.3 Short-term debt mills, of dolls. 8,OS1 8,071 5,396 -0.1 : 1919 68 ! 67 +49.2 Customs receipts thous. of dolls. 43,945 45,621 42,500 398, 730 365,444 -8.3 11913 163 ! 160 +3.8 +7.3 Total ordinary receipts thous. of dolls. 195,704 | 185,763 235,505 2,577,333 2,421,004 -5.9 1 1013 341 I 390 -5.1 -21.1 Expenditures chargeable to 1.1 ordinary receipts thous. of dolls., 207,995 ! 190,892 234,493 32G -5.3 -16.0 Money in circulation: 2,319,798 2,036,252 -12.2 11913 401 I 3S8 Total mills, of dolls. 4,665 . 4,774 4,778 +2.3 -0.1 1919 98 -1.3 Per capita dollars. 41.36 ! 42.28 42.85 1919 93 92 +2.2 Business Failures Liabilities: i Total commercial thous. of dolls. 36,813 i €5,154 34,335 149 242 +49.8 +60. fi Manufacturing establish- 329,436 396,427 | +20.3 1913 157 i 150 ments thous. of dolls. 20,022 ; 29,924 +49.5 +S7.2 15,988 160,121 225,677 ! +40.9 1913 185 i 154 101 +24.7 Trade establishments thous. of dolls., 12,421 I 16,361 13,125 135,782 134,020 ! -1.3 1913 112 I 137 155 +31.7 Agents and brokers thous. of dolls. 4,370 I 5,222 92 +103.0 +C9.S Firms: 33,533 36,729 ' +9.5 1913 205 ; 182 I +15.2 Total commercial number- 1,015 ' 1,620 1,319 12,274 13,920 I 1913 120 -5.9 Manufacturing establishments..number. 416 I 414 +13.4 -0.5 +7.5 335 3,156 3,601 j +14.1 1913 124 +15.3 Trade establishments number- 1,124 ! 1,024 883 8,706 113 -8.9 9,537 • +9.5 1913 +9.3 +78.3 Agents and brokers.- number., 75 I 82 ! 46 412 652 ! +58.3 1913 156 Dividends and Interest Payments I (For the following month)** i i i ! 212 ;' +58.2 +20.9 Grand total thous. of dolls.. 259,636 2,654,987 2,840,376 Ij +7.0 1913 206 268 134 Dividend paymenst: 193,370 j 313,840 127 I 175 87 j! -23.0 +5.0 Total thous. of dolls.. 79,870! 60,815 57,936 737,266 770,371 ii +4.5 1913 +4.3 Indus, and misc. corp thous. of dolls.. 43,900 40,250 38,601 402,016 : 111 ! 83 -8.3 417,220 . +3.8 1913 i! -48.2 +5.4 Steam railroads thous. of dolls.. 31,175 16,150 15,325 220,930 228,995 ! 1913 in •• 100 4,79f> 4,515 +3.7 ! J5.88 I +10.101 Street railways thous. of dolls.. 4,010 57,380 57,601 j! +0.4 1913 121 I 62 New Capital Issues 87 i 82 Total corporation {Commercial and ij Financial Chronicle): Purpose of issue- ij r . -0.1 74 New capital thous. of dolls_. 195,118 194,987 I] 111,657 1,782,186 2,099,907 !| +17.8 1920 49 1 + 'S Refunding thous. of dolls.. 43,181 02,862 jl 21,388 427,421 100 ij+115.0 '+334.2 Kind of issue- 350,378 j -18.0 1920 -14.0 1+135.6 Stocks thous. of dolls.. 39,876 34,292 jl 14, 557 484,668 588,009! 1920 1+65.5 Bonds and notes thous. of dolls,. 239,302 +21.4 -32.8 160,695 |! 97,100 r704,550 1,800,090 1920 Bond issues classified— +5.6 Railroads- -22,6 New capital thous. of dolls..! 50,829 39,340 25,895 278,683 451,700 1919 311 270 473 , +62.1 |2625 1+406.6 Refunding thous. of dolls..| 15,200 77,000 None. 26,073 186,239 1+614.3 1919 0 .466 Public utilities— -26.3 New capital thous. of dolls. 73,730 54,371 ! 24,879 410,402 853,442 255 2S41 979 557 i+103.0 I 1919 10 -97.4 T ^ ^tonding thous. of dolls.. 18,177 470 16,304 175,832 120,773 -31.3 " 1919 345 33 L05S Industrials— 9,703 106 +15.0 New capital thous. of dolls.. 11,231 | 2,485 421,816 223,772 -47.0 || 1919 |i 411 I 23 II 481 I 132 I 92 -34.0 10,807 7,029 j Nono. 79,043 51,611 -34.7 i|. 1919 I; 85 I 0 || 450 I 21 |1146 745 Refunding 1 thous. of dolls.. Twelve months3'' averageaverage, JulJuly tto JuneJi , inclusive, ending the year indicated. "Relative to July, 1919* 11 Totals given iu cumulative columns are for the nine months' period ending September 30. 49

TREND OF BUSINESS MOVEMENTS—Continued

: NOTE.—Data on the following Items for the NUMERICAL DATA L- Per ct. I . ! Percent period January, 1922, to June, 1024, may bo .j increase I found in the August quarterly issue of the ;! RELATIVE NUMBERS " « JSSS!tti"f —) or de- SURVET (No. 36). Detailed tabulations of DASE , CUMULATIVE TOTAL crease September new items appear at tho end of YEAR ! this issue. Sec Contents, p. 1 J FROM JANUARY 1 1921 OR j mi 1924 SfiSJll TnIl0UGH LATEST cumu- 1 ! 'August 1024, In many cases September figures arc month, | MONTH lative from i from now available and may be found in 1024 August, I from -.•' July ' Au- the special table on page 26 July August 1923 i im 1924 1923 < I S i 5 ! 5 BANKING AND FINANCE—Continuod New Capital Issues—Continued I Total corporations (Journal of Comynerce) thous. of dolts. 275,834 272,220 137,423 | 2,503,358 2,018,369 •'• -15.3 1013 ; 173 100 132 ,211 ' 201 10S .; -I.3j+Wi.l States and municipalities: Permanent loans thous. of dolls. 104,804 US, 019 62,323 745,976 1,051,202 ji +40.9 1013 ' IDS 1S3 353 j 841 30S ' 340 +13.4 ' 400.8 68,353 71,055 41,003 349,320 f Temporary loans thous. of dolls. f 545,755 i. +M.2 1013 ' 1M 102 201 j 130 " 170 179 ' —5.3 +7A.5 New incorporations thous. of dolls. 572,106 3 JS, 950 335,462 0,398,427 4,823,COO I. -24.6 1013 , 421 105 302 • 204 332 232 i -30.3 . +18.« Agricultural Loans ! : ': i i • I By land banks: j Total closed thous. of dolls. 16,745 ! 15,254 23,424 I 296,225 167,014 ; -43.6 1010 • 103 ; 147 \\ 120 114 ! 10.1 00 . -8.0 i -34.0 Federal farm loan banks, .thous. of dolls. 11,928 j 10,3% 14,273 j 134,254 119,855 | -10.7 1919 IJ 120 i 123 • 11C 111 j 103 ' 00 . -12. S ,' -L'7.2 Joint-stock land banks thous. of dolls.. 4,817 4,858 9,151 j 161,971 47,159 :| -70.9 1910 - 2C2 I 212 '133 123 i 111 112 - +0.0 , -40.0 By War Finance Corporation: With banks and livestock loan j companies- Advancements thous. or dolls.. 422 ! 305 31G I 11,104 7,718 | -30.9 K>22 3 i 2 . 0 2 " -27. 7 ' -3. 3 Repayments thous. of dolls.. 1,671 ! 2,019 3,804 i 10,121 ; -72.0 1922 , 39 i 47 25 IS 10 23 + 'J2.0 • -47.0 57,480 ! Balance 61,230 | 59,495 90,415 j 848,147 508, OSS : -40.1 1922 50 = 51 : 38 37 ! 37 30 -2.8 : -34-2 With cooperative market associations- I : .i | • Advancements thous. of dolls. None. I None. None. I 7,325 149 !j -9S.0 1922 0 j 0 ,, 0 0 . 0.0 0.0 Repayments thous. of dolls. 23 i None. 2,741 , 14,500 1,127 !l -92.2 1W2 101 i 197 ! 1G | 0 ! o. o u. o Balance thous. of dolls. 1,270 1,270 4,603 75,882 12,575 ii -83.4 1922 101 65 ,1 18 ; 18 ! IS . 18 0.0 -72.4 Federal Intermediate Credit Hanks i Direct loans: Closed thous. of dolls. 3,498 I 2,957 2S,221 !. , -15. S . Balance end of month thous. of dolls. 25,246 I 27,417 232,454 j. ! -2.tf • Rediscounts: Closed thous. of dolls.. 2,018 I 2,537 22,792 -13.1 " Balance end of month thous. of dolls.. 21,279 ; 2i,4oG 138,4bS . •fU.8 ' Stocks and Bonds I ! Stock prices, closing: ' ! 25 industrials, average...dolls, per share. 113.53 | 119.18 102.95 L 1913 I: 170 177 ' 163 187 • 105 I 205 . +3.0 '. +15.8 25 railroads, average dolls, per share.. G8.39 71.06 50.24 i. 1913 ! 70 I 08 :i 75 j 78 I 82 80 . +3.0" +20.4 103 stocks, average dolls, per share.. S3.44 ~>9. £>5 SO. 20 !. 1921 j 08 | 102 „ W 100 | 105 •" 100 • +1.G +4.2 stocks: 1913 j 1S3 190 i 194 i 213 ! 350 324 -7.4 +70.9 N. Y. Stock Exchange...thous. of shaios.. 24,226= 22,427 13,120 I 158,996 |1 161,295': +1.4 Bond sales: I • 103 l: 253 i 403 ! 3S3 ! 342 .•: -10.7 +109.3 Miscellaneous thous. of dolls.. 273,131 1 214,041 1,352,187 j 1,807,937 !j ++33.3 7 1910 173 Liberty-Victory thous. of dolls.. 68,014 I 62,231 41,776 530,026 j 035,870 , 1019 20 IB I i 43 i 29 ' 20 , -8. S 9.0 „ Total thous. of dolls.. 341,145 | 306,272 156,380 I 1.SS9.213 2,443,807 1 +29! 4 1019 CO 51 ., 88 ; 127 ! Ill : -10.2 +05.0 Bond prices: 1915 •! 92 03 04 : 00 | 07 , 00 -1.0 •1-3.2 Highest-grade rails.p. ct. of par, 4% bond.. 87.22 I 86.09 83.66 J. : Second-grade mils-.p. ct.of par, 4% bond.. 73.58 ! 73.52 67.81 1915 !j 90 88 03 i 06 | 07 07 0.0 + 10.2 Public utility p. ct. of par, 4% bond.. 70.93 I 71.57 60.35 1915 . 89 W 91 ' 04 . 00 07 +1.0 | +7.S Industrial p. ct. of par, 4% bond.. 73.48 74.14 72.02 1915 ' 102 =' 102 103 101 : lot : io:> +1.0 +2.0 75.81 75.93 71.86 1915 ; 903 ! 9J ; 05 ! 07 ; 00 • W 0.0 • +5.3 Comb, price index, jp. ct. of par, 4% bond.. ; +3.8 5 Liberty bonds p. ct.of par-. 102,97 102.10 98.75 1921 -. 100 | 106 : 103 , 110 i 110 110 0.0 i 10 foreign governments and ! ; city p. ct. of par.. 102.41 103.81 100.17 1921 I! 109 ! 10S 10S 110 ' 111 i 112 +0.9 +3.7 Comb, price index, 66 bonds.p. ct. of par- 96.91 9G.63 93.53 1921 !' 110 110 111 ; 113 ! 114 ' 113-0.9- +'i.7 Municipal bond yield per cent.. L14 ! 4.12 4.35 1913 'I 90 " 90 i 03 i 03 ' 03 o.o, -:>.i i ! : n ,. Gold and Silver i i j j +2.3." -7.8 Domestic receipts at mint fine ounces.. 90,089 \ 92,132 09,880 612,9-19 651,307 +6.3 1013 63 ! 44 ! 61 i 02 809,571 769,371 6,010,226 6,303,OJ3 +4.4 1913 •! 103 ! 105 ; 110 ; 100 113 , 110'; -2.4 ' +5.2 Rand output thous. of ounces.. 829,437 ! : -3.6 I -44. S Imports thous. of dolls.. 18,834 : 18,150 32,856 192,717 203,22203226 ii: +36.6 1013 ii £20 !010 = 774 i 474; 355 342 1013 l! 7 : 29 . 8 4 i 31 +633.0 +S.0 Exports fc thous. of dolls.. 327, 2,397 2,201 25,014 6,579 j -73.7 I 4 Silver: ,: 45,2S0 42.013 i -7.1 1913 •: 07 | 105 | 01 ' si' 09 • +22.2 ' +3.7 Production thous. of fine oz.. 4,492 ! 5,491 5,293 ! 05 . -1.2 +S.0 7l 128 ' 7,012 6,460 j 45,561 48,6S9 | +6.9 1913 ", 337 21! 6 ' ISO ! 103 23S • 230 Imports thous. of dolls.. ! : j 105 : -6.1 +22.8 9,190 j 8,632 7,032 38,525 70,400 +S2.7 1013 :'-. 111394 .,! 1S5 176 105 Exports thous. of dolls.. : ! ! 112. 112 +1.0" +9.1 .072 I .685 .628 5,222 5,233 ; +0.3 1013 i 105 105 j. 110 115 Price at New York dolls, per fineoz_ - +6.9 1913 ,; 112 j 112 . 123 , 12G , 125 12-0.4 0 +10.5 Price at London...pence per standard oz.. 34.509 34.213 30.952 253,556 271,012 FOREIGN EXCHANGE BATES Europe: \ 94 £9 : 90 02 +3.0; -1.3 England dolls, per £ sterling.. 4.50 4.56 Par. 04 i! 00 J Par. 31 30 :: 30 27 ! 26 23 +7.8 -3.5 franco dolls, per franc .055 .057 23 +2.3 .051 I .014 .043 Par. 22 ! 22 ! : 23 23 ! 22 +2,3 Italy- dolls, per lire- .043 I Par. 25 24 ,! 25 24 : 24 ! 26 +S.7 : +S.7 Belgium-. dolls, per franc. .050 .046 +2.4 .046 } .3S3 .393 Par. OS 95 ! 93 93 ! 07 -1.3 Netherlands dolls, per guilder,. .379 I 00 ©0 !| 00 00 0.0 0.0 .266 .266 Par. ; 09; Sweden dolls, per krone.. .266 - Par. ; 01 I 94 ; 92 02 07 +3.3 +3.0 ^ Switzerland dolls, per franc. . 182 I .188 .181 OS '• OS >: 81 83 -0.2 Japan dolls, per yen.. .414; ,413 .4S9 ; Par. 82 : 83 -15. 5 In Par. 63 ; 64 J CO +3.2 +5.9 . .dia : dolls, per rupee.. .313 1 .323 .305 63 j 63 ;; 03 Americas: ana( a .977 i Par. 07 ! OS :! 93 93 : 99 i 100 +0.0 +2.3 9 ^ dolls, per Canadian doll.. 81 I 77 i 77 77 77 l 9 .741 I .767 .745 Par. 78 +3.0 Argentene dolls, per gold peso.. Par. 32 I 30 ;i 34 33 31 I 31 0.0 +1.0 Brazil dolls, per milreis. .099! .093 : 65 ! G3 I 56 i 51 -1.0 ^"ile dolls, per paper peso.. .101 I .100 .122 Par. 52 -1S.0 n ^hiledll Par. 63 ! 62 ;; 02 ; 00 59 ! 61 +3.4 -1.6 general index foreign exch index number.. 50 TREND OF BUSINESS MOVEMENTS—Continued

Per ct. NOTE.—Data on tho following Items for the NUMERICAL DATA increase RELATIVE NUMBERS jj increiisT(+) period January, 1022, to Juno, 1924, may be ! or decrease (-) found In the August quarterly issue of the or de- BASE SURVEY (NO. 36). Detailed tabulations of ! CUMULATIVE TOTAL crease . September new items appear at the end of j '! Corre- : YEAR Au- 1924 FROM JANUARY 1 (-) OR 1934 gust, - this issue. See Contents, p. l jl sponding THROUGH LATEST cumu- month, PERIOD 'August 1924, MONTH lative . j, from In many cases September figures are July or 1924 from now available and may be found in from : I ^l Au- the special table oh page 26 July I August 1023 i 1924 1923 is !i

U. S. FOREIGN TRADE Imports | jj . i Grand total thous. of dolls.J 276,819 ! 254,630 \ 275,433 2,650,492 2,382,868 -10.1 1913 i! 192 181 203 183 185 I 170 ! -8.0 i -7.6 By grand divisions: Europe— I | ! Total thous. of dolls..' $2,040 79,923 ! 84,505 779,461 082,261 -12.5 1913 115 117 117 111 114 i 111 j -2.6 -5.4 France thous. of dolls..' 10,720 11,060 I 11,030 97,213 92, 735 -4.6 1913 85 95 97 81 93 j 96 +3.2 +0.3 Germany thous. of dolls..] 12,502 11,SS6 I 13,777 104,700 87,770 -16.2 1913 8G 90 ! 64 69 81 ! 77 i- -4.0 -13.7 Italy thous. of dolls..i 5,049 1 4,108 j! 5,646 57,716 43,163 -25.2 1913 124 122 i107 105 110 89 .: -18.6 I -27.2 United Kingdom thous. of dolls..j 23,050 ! 25,877 '| 24,721 288,458 222,232 -23.0 1913 I 124 109 jj 115 103 102 ! 114 i +12.3 i +4.7 North America— I ! ! Total thous. of dolls..! 81,137 ! 70,051 l 09,396 700,705 705,691 -0.2 1913 239 214 ' 286 i 246 250 i 216 :• -13.7 i +0.9 Canada thous. ol dolls..! 32,115 30,279 35,794 270, C51 262,490 -3.0 1913 I 304 j 302 232 I 279 256 -5.7 | -15.4 South America— ! Total thous. of dolls..1 41,368 34,433 29,157 330,537 307,261 -7.0 1913 194 : 170 235 232 208 \-. -16.8 j +18.1 Argentina thous. of dolls.. j 6,401 4,277 6,017 98,069 54,299 -44.6 1913 501 ; 282 352 334 201 !l -34.1 • -23.9 Asia and Oceania— I Total thous. of dolls..; 60,325 67,374 SS,43S 765,021 C37,819 -ICC 1913 341 330 317 I 203 250 i' -2.8 j -23.8 Japan thous. of dolls..: 26,755 29,613 31,948 234,518 207,166 -11.7 1913 365 387 330 ! 201 359 i +10.7 ; -7.3 Africa, total thous. of dolls..! 2,947 2,818 3,914 68,706 49,836 -27.5 1913 207 I 199 162 ' 214 144 !" -3.4 j -27.S By class of commodities: I Crude materials for use In j ! manufacturing thous. of dolls..' 89,171 83,030 94,589 j 1,018,310 801,019 -21.3 1913 212 ; 187 20G 176 ! -6.2 . -11.6 Foodstuffs in crude condition I and food animals thous. of dolls..1 39,145 31,4S0 21,058 220,699 275,151 +21.4 1913 129:114 204 186 j' -19. G ! +10.5 Foodstuffs, partly or wholly I manufactured thous. of dolls..! 40.3S9 30,400 33,010 3S4,970 388,116 -fO.8 1913 228 ! 200 306 253 j- -24.7 j -7.9 Manufactures for further use I in manufacturing thous. of dolls.. 45,270 47,211 58,130 503,017 424,599 -16.4 1913 193 j 205 172 171 !, +4.3 | -18.8 Manufactures ready for consumption thous. of dolls. C2,10S 60,128 66,983 504,698 482,038 -4.3 1913 182 ' 196 179 ;170 :•• -3.2 ' -10.2 Miscellaneous thous. of dolls. 736 1,781 1,668 7,798 11,045 +41.6 1913 29 I 135 35 ••34 ;+142.0 ; +6.8 Exports Grand total, including reexports thous. of dolls- 276,734 i 330,896 310,066 2,558,711 2,697,350 +5.4 1913 14G ' 150 1G2 • 148 134 160 !•" +10.6 i +0.4 By grand divisions: j | Europe— ! i I Total thous. of dolls..: 120,071 j 150,349 130,763 1,212,552 1,339,514 1913 130 I114 101 t: +24.0 1 +14.3 1 +10.5 102 109 Frunce thous. of dolls.. 13,179 ! 20,600 18,537 155,200 166 103 +56.3 I +11.1 162,099 +4.4 1013 129 145 172 : Germany thous. of dolls., 12,836 | 19,281 23,260 191,99-1 237,392 +23.0 1913 97 i 61 44 +50.2 I -17.1 Italy thous. of dolls., i 8,142 I 13,225 8,929 85 j 79 124 •• +62.4 1 +43.1 94,534 105,616 +11.7 1913 140 | 136 171 |184 United Kingdom thous. of dolls.. 56,608 ! 65,725 53,001 478,594 518,270 +8.3 1013 127 ;105 115 ! +16.1 +24.0 North America— = 91 103 1 Total thous. of dolls.. 83,337 ! 94,513 99,050 ! +13.4 -4.6 1 733,559 374,250 -40.0 1913 190 198 170 i169 166 Canada '_ thous. of dolls.. 45,213 i 50,348 60,579 448,891 375,217 -10.4 1913 I 175 ISO 143 '142 135 +11.4 -16.9 South America— I ' Total thous. of dolls., i 23,352 30,536 2-1,420 153,258 201,262 1913 193 j 200 203 I 212 191 j! +30.8 +25.0 +9.8 +5.2 Argentina thous. of dolls..! 8,778 12,399 11,783 80,191 73,890 -7.9 1913 210 j 257 193 !196 192 +41.3 Asia and Oceania— i -5.5 Total thous. or dolls..! 39,024 43,375 45,911 ! 387,800 436,033 +12.4 1913 291 I 205 313 282 j225 250 I +11.1 Japan thous. of dolls..I 8,423 -26.7 1 0,630 13,139 I 141,916 147,610 +4.0 1913 350 i 252 307 184 !102 185 j +14.3 Africa, total thous. of dolls.. 4,956 6,123 4,822 41,543 46,297 +11.4 1913 231 i 200 234 j221 I206 2M I +23.5 T otal, domestic exports only..thous. of dolls.. 270,697 325,065 304,7;>S !2,506,881 2,G35,431 +5.1 1913 145 i 149 160 146 i133 159 • +20.1 +C7 By classes of commodities: • Crude materials for use in .. -3.9 manufacturing thous. of dolls..I 55,972 ' 62,013 65,448 ! 577,580 671,205 1913 95 j 102 120 | 97: Foodstuffs in crude condition +16.1 i +32.2 and food animals thous. of dolls.. 12,073 j 31,596 23,897 ! 179,225 125,967 1913 138 ! 169 75 |106 j 22-4 "+149.3 Foodstuffs partly or wholly • j -29.7 : +4.5 manufactured thous. of dolls., i 37,367 j 41,534 42,635 j 377,187 357,406 -5.2 1913 139 j 158 139 I126 j 165 +19.2 Manufactures for further use J | 1 : +3.0 in manufacturing thous. of dolls..' 46,340 47,176 45,813 372,873 402,985 1913 149 139 161 j 153 ! 143 +1.8 Manufactures ready for +8.1 +9 consumption thous. of dolls..! 118,126 138,369 120,770 j 995,907 1,073,991 i +7.8 1913 198 226 ;210 : 212 1 .+17.1 +9.1 Miscellaneous thous. of dolls..; 310 477 71 li +49. 5 +156.5 1S6 ! 3,809 3,787 ' -0.6 ; 1913 28 37 I 48 I 51

TREND OF BUSINESS MOVEMENTS-Continued

. i-: lVr mil NOTE.—Data on the following items for the NUMERICAL DATA Per ct. period January, 1922, to June, 1921, may be increase ! EELATIVE NUMBEKS !" imrc.i*. (+) found in the August quarterly issue of the { |*ir

TRADE AND INDUSTRY OF FOREIGN COUNTRIES United Kingdom Imports (value): Total thous. of £ sterling.. 108,115 102,196 88,743 704,319 808,755 + 14. & 1913 120 139 191 •i 138 109 1C0 + 16.2 Food, drink, tobacco.thous. of £ sterling.. 47,534 46,942 44,070 334,012 ' 357,772 +7.1 1013 no m 210 :i 167 i 1U7 Raw material thous. of £ sterling.. 31,693 28,579 22,338 193,420 . 252,364 +27.2 1913 by 95 160 ; 110 ; 135 -0.8 j +2:!il Manufactured articles. thous. of £ sterling.. 28,190 26,156 21,774 163,623 | 194,423 j +15.3 1913 12c 135 m 135 ; 175 102 -7.2 +:\).i Exports (value): ; Total thous. of £ sterling.. 71,283 CC,2S8 60,103 602,281 52G.032 T1. I 1913 137 101 142 : IC3 1M -7.0 + 10.3 Food, drink, tobacco.thous. of £ sterling.. 4,640 4,370 3,428 25,774 34,332 [ +33. 2 1913 115 l'Jfl 164 "140 ' 171 101 + 27. ft Raw material thous. of £ sterling.. 8,286 7,824 10,223 88,720 : 71,934 -18.9 1913 1S6 176 IG7 134 ! 142 l.M Manufactured articles thous. of £ sterling.. 57,172 53,135 45,446 379,831 : 411,623 +8.4 1913 133 JC2 • 1-44 ' 107 - 7.1 j + 10.0 Reeiport (values): 1 Total _._ thous. of £ sterling.. 10,175 8,970 6,129 77,790! 93,271 j! +19.9 1013 143 -11-8 I +40. 4 no in -10.3 • Food, drink, tobiicco.thous. of £ sterling.. 2,299 1,925 1,232 13,671 , 18,779 i +37.4 1913 03 -i 171 12^) i 173 Haw material thous. of £ sterling.. 4,890 4,306 3,337 47,949 ; 52,030 ij +S.5 1913 03 , 137 -II.0 I -i-wi b 109 ( W Manufactured li articles thous. of £ sterling.. 2,90S 2,735 1,559 17,129, 21,410 +25.0 1913 M M 102 ' 121 - 7.9 +75.4 Exports of key commodities (quantities): I j Cotton piece goods thous. of sq. yds.. 384,428 374,281 330,485 2,757,000 . 2,9S4,9C8 +6.3 1920 60 69 i 107 94 104 —2.0 + 13.3 Woolen and worsted ; tissues thous. of sq. yds.. 26,4S9 22,644 19,122 141,596 i 154,564 ! +0.2 1920 93 66 ;! 74 87 119 -H.f> +18.4 1 79 82 -11.7 -7.1 Iron and steel thous. of long tons.. 341 301 324 2,853 i 2,070 -0.4 1913 7S 63 41,694 1913 80 • 90 -7.5 -22.0 n Coal thous. of long tons.. 5,488 5,075 6,580 53,191 I -2L. Production: -3.8 -1.8 fig iron thous. of long tons-. 612 600 5,059 ! 4,991 1913 70 693 528 583 5,679 i 5,670 ioi 1913- 102 10S -23.8 -0.4 Steel ingots thous. of long tons.. : 94 . V0 -5.4 -4.8 9Oul thous. of metric tons.. 21,891 20,702 21,756 187,356 ! 185,408 1913 o 393 495 1,128 9,243 • 6,368 L0 i«I92O +20.0 -50.1 blocks, zinc short tons.. I -~ employment: 92.6 1913 91; 95 0'i 95 Trade-unions p. ct. employed-. !l 168 , 1S9 181 I 169 +2.1; +19. Belgium 14,330 14,635 12,230 104,493! 117,407 +12.4 1920 . 170 Production: Zinc short tons.. li Totaltr.de: 141 1 129 119 ! 130 I 111 ; -14.7 . -21.4 Imports—.. thous. of dolls.. 72,631 61,970 78,826 618,299 I 548,852 -11.2 1913 1913 259 -1 335 2S1 • 2S1 23H -li.2 -S.0 Exports thous. of dolls.. 88,221 74,822 81,330 594,491 ! 038,502 +7.4 "ports of key commodities (quantities): 1913 78 78 , 147 102 ! 118 2S2 J+13H.0 Canned salmon thous. of pounds.. 2.079 4,947 1,378 j 18,216 I 31,841 +74.8 1913 103 j 100 !. 14 25 ! IM 11444 -0.00 -9.0 Cheese thous. of pounds.. 19,929 18,616 20,660 I 47,£G0| 48,843 I +2.1 1 1913 151 • 130 ; 492287 ; 1U3 I 9S j -43.3 -28.3 ~ Wheat thous. of bushs.. 16,135 8,18-1 11,419 | 86,371 | 133,245- +53.4 Production: 1913 PS ' 111 !: 10I1 fiS i 55 27 I -50.0 -75.3 46 23 93 | 610! 496 I -18.7 O4"V- thous. of long tons—! 1913 &5 121 ; 124 79 i GO 2fi i -Vi.8 —78. J 52 23 105 j 656| 562 -14.3 : Steel ingots thous. of long tons.. 1913 165 162 1 178 156 ; 181 j IM I -14.4 -4.5 gank clearings mills, of dolls.. 1,401 1,202 1,258 I 10,011 j 10,123 +1.2 •nond issues: 1913 0! 0 , 107 "951 I I452 ' -.'.2.4 0.0 42,036 20,000 None. ! SI, 240 j 103,511 +69.0 Govt. and provincial thous. of dolls.. 1913 30 . 11 77 ' CS '• 4.1 j -31.7 + 2P4.7 6,598 4,306 1,091 j 72,449 ! 62,132 -14.2 Municipal thous. of dolls. . 1913 70 : 15 49 i 102 I 42 j -.19.3 + 1WL1 Corporation thous. of dolls.. 6,321 2,575 900 ! 80,211 ! 85,755 +6.9 Employment: ! Total (1st of following ;I7 1920 loo : IOO 95 00 05 ! &3 ! - 2.1 -7.0 month) index number. ! i J Newsprint paper: 175 1C0 ' iru : ]ft0 j +0. 3 +0. 2 113,584 S33,425 I 902,391 +7.6 1019 150 169 : Production short tons.. 113,470 113,763 1919 152 100 173 if,-; i«2. m .. +2.1 -o.G 112,818 827,711 895,902 +&2 Shipments short tons.. 109,831 112,148 1919 118 121 1C5 122! ISO I 170 | +ai +30.8 Shocks _ short tons.. 18,920 20,450 15,631 173 190 ! 171 i -10.1 -0.6 748;292TS84 77 +18.2 1919 I6S ISO 195 orts (total printing) short tons.. 105,133 9-4,486 104,5GS : ( 103 82 : 74 I S3 i +11.9 -3.0 27,488 223| 649 j 179,204 -19.9 1913 I contracts awarded...thous. of dolls.. 23,818 26,604 " Relative to Janunry, 1020. b July, 1923. J» Nine months, average, April to December, inclusive. 52 AKCHITECTURAL TERRA COTTA BOOKINGS*

1920 1923 1923 MONTH NET TONNAGE

January 255 I 6,090 4,280 7,709 16,004 10,240 February. _ 732 : 8,953 3,880 5,58f> 10,126 . 13, 227 March 1,802 ; 7,184 4,815 14,144 15,386 12,022 April 3,693 i 14,987 8,017 13,134 14,320 13,011 May 3,481 4,385 4,253 9,990 9,432 10,171 . June 6,217 4,743 7,280 15,891 10,775 10,807 J July 5,912 4,716 6,780 11,399 8,057 13,745 ! August 6,991 : 3,208 5,907 13,552 10,630 8,685 ' September- 8,261 ! 3,511 7,751 10,501 8,601 October 7,502 2,570 6,532 6,837 9,112 November. 12,074 I 4,801 6,281 10,639 10,233 December.. 6,044 2,326 5,384 6,907 12,990 Total. G3,024 67,513 71,160 126,288 135,669

Relative numbers (1919=100)

January,.. 116 82 147 305 309 February- 171 74 106 193 252 March 137 92 269 293 229 April.-..-. 285 153 "250 273 248 May 66 84 81 190 ISO 194 Juno 118 90 139 303 205 206 July 113 90 129 217 153 262 August.. 133 62 113 258 202 165 September- 157 67 148 200 164 October 143 49 124 130 174 November- 230 92 120 203 195 December- . 115 44 103 132 247 Average,. 100 107 ; 113 200 215 ;.

VALUE'

January... $26,866 $933,010 $713,500 $816,914 $1,798,484 $1,561,518 February- 75,655 1,184,566 541,697 607,689 1,218,923 1,467,539 March 175,659 1,157,792 680,555 1,445,897 1,789,508 1,316,553 April 372,218 2,396,019 1,012,708 1,305,964 1,822,518 1, 570,117 May 389,341 731,403 574,136 1,08-4,021 1,271,496 1, 229,551 June 706,329 804,249 836,187 1,706,648 1,343,231 1,127,928 July 705,962 761,670 883,487 1,306,402 1,023,843 1,475,072 August 898,251 574,048 728,446 1,558,750 1,293,460 965,059 | September.. 1,074,720 597,399 878,690 1,188,725 1,057,148 I October 1,034,230 434,288 694,870 ! 818,442 1,028,891 I November.. 1,543,871 785,069 695,359 i 1, 263,429 1,143,019 I December... 819,477 383,328 623,176 i 850,035 1,384,922 j Total. 7,822,579 ;" 10,742,841 8,912,811 ! 13,952,916 I 10,175,443

Relative numbers (1919=100)

I January... 4 143 109 125 276 210 February. 12 182 S3 93 187 225 I March 27 178 104 222 275 202 ! April 57 368 155 200 280 241 May—.. 60 ! 112 SS 166 195 187 June 108 123 136 262 206 173 July 103 | 117 130 200 157 226 August.. 138 j 88 112 239 193 148 I Septcmber. 165 I 92 135 182 162 ! October 159 ; 1 67 107 120 153 November.. 237 [ 120 107 194 175 December.. 126 : 59 96 130 212 Average.. 100 137 114 178 207

»Compiled by the U. S. Department of Commerce, Bureau of the Census from the reports of 26 identical manufacturers who produced about 95 per cent architectural terra cotta made in 1922. 1 Values eiclude freight, cartage, duty, and setting charges. 53 WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED*

FLAXSEKD

A JE»-| India i™Statesj Canada! YEAU Jan.* ! Apr. Aug. AUK.

Thousands of short tons Thousands of bushels j

1909-1913 average ! 9,971 1,514 311 J *3S 567 I 363 2,295 I 2(614 110,092 31.0S9 19,870 1 19,605 12,040 1914 ' 11,293 1,054 247 ! 344 646 346 2,067 ! 2,757 91, f»50 36,028 15,448 ! 1.1,749 7,175 r 1915 : 12,770 1,797 139 i 4S6 593 484 3,437 j 2,0. )O 103,2S7 45,010 l.\8S0 14,030 10,628 1016 ! 13,442 2,009 311 i 413 645 503 3,442 3,053 82,151 39.280 19,010 . 14,206 8,200 1917 j 14,503 1,900 24G | 403 577 454 3,057 : 3,703 41,063 4,032 21,040 9,161 f», 035 1 1918 ! 13,321 1,478 284 440 600 406 4,597 i 2,617 61,821 19,588 20,000 ; 13,369 6,055 1919 j 13,799 1,473 122 406 550 485 4,209 i 3,361 61,602 30,775 0,400 ; 7,256 M73 1920 13,656 1,579 176 530 522 490 4,403 j 2,826 87,964 42,038 16,700 . 10,774 7,0*3 1,000 32S 551 592 40S 4,517 I 2f025 83,288 50,470 10,800 ; 8,0'JO 4.112 1921 14t563 : 1022 14,711 1,093 205 »667 •537 "379 •4,083 ; 13,409 04.000 4.7,678 17,443 10,375 6,003 4,539 , 3,658 127,000 58,534 21,320 • 17,400 7,140 1923 latest estimates 15,505 ": 1,976 166 476 640 445 1924 latest estimates !. 1R.4S0 28,400 10,841

i Louisiana and Tesas. * Exports. in January of the year Indicated; January, 1024, estimate Is 63,225,000 bushels. WORLD PRODUCTION OF BEET SUGAR*

\ World ; United Gcr- ! Czecho-l »„„,_ I p , \ Nether- RussIa Ai n(1 Bel- I Italy Sweden j • total i ' States many Slovakia j Poland j Iands g|um YEAR

1009-1913 average 8,432 1914 1915 1916 1917 1018 1919 1020 1921 1922.

1923 latest estimates \ 6,468

1 Crops In all countries hero given are harvested beginning in September. »Includes Ukraine; data from private sources. * From private sources. * Refined sugar In terms of raw on the bails of 95 per cent of the raw. WORLD PRODUCTION OF RICE*

Country India ! Egypt Japan 1 total* I i

New crop available Apr. j Apr. Aug. Sept. ! Sept. Nov. Dec. Dec. |: Millions of pounds (cleaned)

Normal consumption (1900-1913).- j 67,891 375 518 | 14,002 I

1000-10X3.. 110,780 72,050 553 481 646 297 14,009 7,340 1,124 1914 , 116,000 61,109 61 657 741 337 17,009 7,S26 1,404 1915 126,000 73,315 551 804 763 320 17,569 7,064 1,100 1916 131,000 78,521 230 1,135 70S 320 IS, 360 7,912 1.2S0 1917 134,000 80,633 437 965 716 322 17,143 8,323 1,745 1018 109,000 54,526 602 1,072 712 283 17,134 8,433 2,213 1019 128,000 71,743 244 1,166 662 412 10,106 0,179 2,0S9 1920 118,000 61,063 283 1,446 614 304 19,849 7,716 2,247 1921 129,000 74,446 472 1,045 641 | 356 17,336 6,0-13 2,505 1922.. 131,000 75,524 *55 1,150 632 | 373 19,067 6,324 2, GSl

! 1023 latest estimates. 118,000 j 63,388 »270 924 700 T 330 17,425 0,718 2,703 1924 latest estimates. , ~;! 25i 900 2,684 i

J Irrigated rice in Java and Madura. »Exclusive of China: Chinese crop estimated at 52,78Sf000,0OO pounds In 1020 and 70,218,667,000 in 1917 * Summer cropp onllyy giengiven.. ^PHed by U.U S.S DepartmentD of Apiculture,iculture, Bureau of Agricultural Economics, anandd correctecorrectedd monthlmonthlyy InIn accordancaccordancee witwithh lateslatest t availablavailablee informatioinformationn tt bDy s epartment or by ^ s- ^tU off CCommerce, BBureau o/ /Fei Foreign andand DmetticDomettic CommerceCommerce. CountrieCountriess araree placeplacedd iinn th thee or orded r ii n whichihh crops are harvostedhtd . t& ^ 54 WORLD PRODUCTION OF COTTON*

! j United Country World total j Peru States Mexico India i Brazil ! Egypt

;• ! I

Xew crop available June August August November \ September September •

Thousands of bales (478 pounds net)

1909-1913 average.. 20,660 100 13,033 193 3,584 322 1,453 1914 24,630 129 16,135 108 4,354 337 1,337 1915 18,470 113 11,192 95 3,128 282 989 1916 18,970 127 11,500 103 3,759 281 1,048 1917 18,370 125 11,302 135 345 1,304

! 1918.. 18,580 142 12,041 203 3,328 339 999 ! 1919.. 19,925 155 11,421 199 4,853 384 1,155 i 1920.. 20,940 164 13,410 188 3,013 451 1,251 j 1921.. 15,391 157 7,954 147 3,748 505 902 • 1922.. 18,900 203 9,762 U78 V4,217 553 1,170

1923, latest estimates. 19,125 10,128 138 4,247 719 1,213 1924, latest estimates. 12,787 i 1 From private sources. * 1922 acreage 12,496,000 compared with 11,976,000 in 1921.

WORLD PRODUCTION OF WHEAT*

Amu- Country World total Una Australia India Spain Italy France Germany Rumania Canada

New crop available January January March July August August August August August September

Millions of bushels

Normal consumption (1909-1913) 64 37 301 581 136 236 361 221 34 116

1909-1913 average 3,577 157 85 351 690 130 183 318 152 87 197 1914 3,586 105 103 312 S91 146 49 161 116 ' i/u 283 1915 4,190 169 25 377 1,026 142 89 394 139 I 171 223 1916 12,609 169 179 323 636 78 263 152 i • 177 205 1917 12,288 SO 152 382 637 3 82 234 143 ; 140 135 1918 _ i 2, S04 224 115 370 921 136 ; 183 226 386 *18 189 1919 '2,743 150 76 280 968 129 j 170 *182 »80 <66 193 1920 12,868 217 46 378 833 i id ••" 4 237 *83 263 1921 141 301 13,069 156 146 250 815 145 194 '323 «108 «79 1922 400 13,096 191 129 367 868 125 1G2 <213 172 *92 474 1923, latest estimates 196 109 369 786 157 225 276 106 102 292 1924, latest estimates 247 120 364 837 136 176 93

i Russia excluded. No accurate statistics are available. * New boundaries. 1 Excludes Alsace-Lorraine. 1 Excludes Dobruja. * Former kingdom, Bessarabia and Bukowma. • Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information by that department or by U. 3. Department o Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops «* » Corrected to September 20, 1924. 00

SOURCES OF DATA

CURRENTPUnUCATON l

I.—REPORTS FROM GOVERNMENT DEPARTMENTS-FEDERAL, STATE. AND FOREIGN

\ROENTINE MINISTER OF AGRICULTURE, Cereal exports from Argentina • Estadistlea Agro-I'ccuarla Monthly. AUSTRALIAN COMMONWEALTH'S Bu-I Price index for Australia Federal Reserve Bulletin Second week of month. IIEAU or CENSUS AND STATISTICS. UANK OF JAPAN Prjce index for Japan Federal Reserve Bulletin Second woek of monih. CANADIABRITISH BOARN DEPARTMEND OF TRADTE O F LABOR.., Price indeIndexx foforr Canada.United *Kingdo m • BritisLabouhr BoarGazettd oef (CanadianTrade Journa) l Monthly. Employment in Canadian trade-unions Labour Gazette (Canadian) Semimonthly. Operations of Canadian employment service..- Labour Garotte (Canadian) Semimonthly. CANADIAN DEPARTMENT OF TRADE Foreign trado of Canada '•• Foreign trado of Canada Monthly. AND COMMERCE. Canadian railroad operations : Operating Rovenucs, etc. of Hallways*... Monthly. Canadian iron and steel production • Pressreleases* FEDERAL FARM LOAN BOARD Agricultural loans by land banks Not published FEDERAL RESERVE BANK OF ATLANTA. Wholesale trade • Business Conditions Monthly. FEDERAL RESERVE BANK OF BOSTON. Savings deposits in First Fed. Res. Dist j Monthly Review Monthly. FEDERAL RESERVE BANK OF CHICAGO.! Savings deposits in Seventh Fed. Res. Dist...: Business Conditions Monthly. Agricultural pumps ' Business Conditions Monthly. FEDERAL RESERVE BANK OF CLEVE- Savings deposits in Fourth Fed. Res. Dist Business Review Monthly. LAND. FEDERAL RESERVE BANKOF DALLAS..I Wholesale trade.. , Bus|ncss Conditions- Monthly. FEDERAL RESERVE BANK OF KANSAS Wholesale trado • Business Conditions. Monthly. CITY. FEDERAL RESERVE BANK OF MINNE- Retail sales of lumber by rural yards ; Business Conditions Monthly. APOLIS. FEDERAL RESERVE BANK OF NEW Foreign exchange rates and index i Fed. Res. Bull, and daily statement* Dnily nnd monthly. YORK. Savings deposits In Second Fed. Res. Dist__.j Monthly Review Month y. FEDERAL RESERVE BANK OF PHILA- Savings deposits in Third Fed. Res. Dist ! Business and Financial Conditions Monthly. DELPHIA. Wholesale trado • Business and Financial Conditions Monthly. FEDERAL RESERVE BANK OF RICH- Savings deposits In Fifth Fed. Res. Dist j Business and Agricultural Conditions..... Month y. MOND. Wholesale trado ! Busuiess and Agricultural Conditions i Month y. FEDERAL RESERVE BANK OF SAN Savings deposits in Twelfth Fed. Res. Dist...! Business Conditions JJonth y. FRANCISCO. Wholesale trade I Business Conditions Mon j y. FEDERAL RESERVE BOARD SffiSflM ^S^^^^^Z^^^ gSil E?y(«caBd j«k or month). Debits to!ndivfdualaccounts I Fed. Res. Bull, and weekly press releases' j hundiiy papers and monthly Condition of Federal reserve banks i Fed. Res. Bull, and weekly press re cases . > r. 'X^1^"^ ^ Condition of reporting member banks ' Fed. Res Bull, and weekly press releases* * rl. an^dd mmonthlyo thW . Money held outside U. S. Treasury and Fed- : Federal Reserve Bulletin Mouthij. eralreserve system to July 1,1922. . : wnnt».i- Wholesale price index numbers Federal Reserve Bu et n Wont y. Department store trade; In cooperation with , Federal Reservo Bulletin Moniuiy. National Retail Dry Goods Association. ! Inded x numberb s off departmendtt t storet , mail- I Federal Reserve Bulletin., order, and chain-store trade. ' •, Barley and rye receipts • Federal Reserve Bulletin Monthly. Sales of loose leaf tobacco ' Federal Reserve Bulcltin Monthly. Index of ocean freight rates > Federal Reserve Bulletin Monthly. Index numbers of production Federal Reserve Bulletin * Monthly. Wholesale trade Federal Reserve Bulletin : Monthly. FRENCH MINISTRY or LABOR AND Price index for Franco ! Bulletin do la Satisque Generate Employment in Illinois I INDIAN DEPARTMENT'OF STATISTICS ! Price index for India ! INTERSTATE COMMERCK COMMISSION.-; Railways revenues and expenses i Preliminary "^^o Monthly. Telephone operating revenue and incomo i Operations of large telepho "" Mthl Telegraph operations and income \ Not pub ished Express operations and income ! Not publtahed--—; MASSACHUSETTS DEPARTMENT OF Massachusetts employment i Monthly statement LABOR AND INDUSTRIES. MASSACHUSETTS DEPARTMENT OF Milk receipts at Boston • Not published [ PUBLIC UTILITIES. i NEW YORK STATE DEPARTMENT OF i New York Stato factory employment and ; Labor Marker Bullet in and press releases*.; Monthly. LABOR. ; earnings. > NEW YORK STATE DEPARTMENT OF New York State canal traffic J Annual report PUBLIC WORKS. Last weekly issue of month. PANAMA CANAL j Panama Canal traffic Semimonthly. PENNSYLVANIA DEPARTMENT OF LA- I ly report*.... i BOR AND INDUSTRY. I Unemployment in Pennsylvania y. S. CIVIL SERVICE COMMISSION ! j Not published.. ^. S. DEPARTMENT OP AGRICULTURE: ' Government employment 1 Monthly supplement. BUREAU OF ANIMAL INDUSTRY Crops and Markets Crops and Markets Monthly supplement. BUREAU OF AGRICULTURAL ECO- Beef, pork, and lamb production Monthly supplement. NOMICS. Prices of farm products to producers . Crops and Markets | Crops and Markets and press releases*.... Releases about 1st of month (cotton) Wool stocks in dealers' hands : nnd 10th (other crops). Crop production i Crops and Markets Monthly supplement. Cold-storage holdings and flsh frozen j Monthly supplement. Movement of cattle, hogs, and sheep. ' Crops and Markets Receipts of butter, cheese, eggs, and poultry...; Quarterly.

I Yearly. Production. & DEPARTMENT OF COMMERCE: . Preliminary report on ^innings* -—.; Semimonthly during soison. BURBAU OF THE CENSUS Cotton ginned™—.•-—-—- ESS nary report on cotton comsuned-.., lMh of month. Cotton consumed and on hand : J^^achinery and cotton spindles* 20th of month. week of month. Active textile machinery -----i7«»B».VcV«i.;"i SS?.,?SfhiS^Sns. and leather'3 First wee3k »o m

Pyroxylin coated textiles g WtSSffh of monthi. I!Sf^raJr g hft ! ^l^r.^::::::::::::::::::::::::; |SS;;;;;;;;::::J^X?nlr • Work clothing SSSlSaso-""'—""-»»' j 30th of month. | Floor and wall tile gS{Seaw*I"»» I 20th of month. i Enameled sanitary ware • f m the compilers prior to publication in the respective T hIs r ohtfllned direct rO I * i Is not necessarily the sourco of the figures published in the SURVEY, JJ many O "g» g! ^ent statistics between publication dates of the SURVEY. Journals. This column and the right-hand column had been added to assist readers in ooiamiuu ^ Multigraphcd or mimeographed sheets. 56 SOURCES OF DATA—Continued

CURRENT FUBIJCAT1ON SOURCE DATE OF PUBLICATION'

I.—REPORTS FROM GOVERNMENT DEPARTMENTS}—FEDERAL, STATE, AND FOREIGN—Continued

U. S. DEPARTMENT OF COMMERCE: BUREAU OF THE CENSUS (Con.)--- Produc. indexes of raw materials and inanfrs.. Survey of Current Business Monthly. Fats and oils, production, consumption, and Statistics of fats and oils • i Quarterly (one month after end cf stocks. quarter). Fabricated struc. steel sales from Apr., 1922 Press release • 15th of month. Automobile production from July, 1921 Pressrelease * 20th of month. Wood chemical operations Press release * ~_ 30th of month. Steel casting sales Press release * i 20th of month. Steel furniture shipments Press release * 20th of month. Locomotive shipments and unfilled orders ; Pressrelease * i lOthof month. Earnings of public utilities ! Survey of Current Business | Monthly. Plumbing goods price index _ Press release ! 10th of month. Architectural terra cotta ! Pressrelease * • 15th of month. BUREAU OF FISHERIES Fish catch at principal fishing ports : Monthly statement i BUREAU OF FOREIGN AND DO- All imports and exports j Monthly Sum. Foreign Commerce (Pt. I)1. Last week of month. MESTIC COMMERCE. Fuel loEided for consumption by vessels at Not published principal clearing ports. Tonnage of vessels, entered and cleared in Monthly Sum. Foreign Commerce (Pt. II) Middle of next month. United States foreign trade. i Data on trade, employment and coal and iron I Various foreign sources ... production of foreign countries. Wholesale price of wool Wholesale Prices Yearly. Warehouse stocks of rice Mon. Sum. Foreign Commerce (Pt. II)... Monthly. BUREAU OF NAVIGATION Vessels under construction completed, and lost. Commerce Reports First weekly Issue of month (MOD- BUREAU OF STANDARDS Building material price indexes Not published days). U. S. GRAIN CORPORATION Wheat flour production, prior to July, 1920— No longer published i U.S. DEPARTMENT OF THE INTERIOR: BUREAU OF MINES Refined petroleum products, production, etc.. Hennery statistics * Second week of month. Explosives, production, shipments, etc Explosive statistics • _ Monthly. GEOLOGICAL SUKVET.. Portland cement, production, etc Report on Portland cement output * _j 20th of month. Coal and coke production _' Weekly report on production of coal * ! Second or third weekly issue of mo Crude petroleum, production, etc Preliminary statistics on petroleum • 25th of month. Electric power production j Production of electric power * j End of month. Consumption of fuel by public utility plants.. Production of electric power * '• End of month. Figures on nonferrous metal production Mineral Resources Annually. U. S. PATENT OFFICE Patents granted _ Not published, DIVISION OF NATIONAL PARKS.. Visitors to National Parks Not published Monthly. U. S. DEPARTMENT OF LABOR: EMPLOYMENT SERVICE Number on pay roll—United States factories.. Industrial Survey * First week of month. Employment agency operations Report of Activities of State and Munici- Every 4 or 5 weeks. pal Employment Agencies. BUREAU OF IMMIGRATION Immigration and emigration statistics Not published j BUREAU OF LABOR STATISTICS.. Wholesale prices of commodities, including Wholesale Prices of Commodities farm products, food, clothing, metals, etc. *" Wholesale price index Monthly Labor Review " Monthly. Retail price index of foods Monthly Labor Review Monthly. Retail coal prices Monthly Labor Review Monthly. U. S. POST OFFICE DEPARTMENT—...! United States Postal savings Postal Savings News Bulletin ' 12th of month. • Postal receipts Statement of Postal Receipts * 7th of month. U. S. DEPARTMENT OF STATE .!i Passports issued _ Not published _ = 10th of month. U. S. TREASURY DEPARTMENT .. Government debt, receipts and disbursements. Daily Statement of the U. 3. Treasury ! Last day of month. ! Money in circulation from July 1,1922 Circulation of money I Monthly. BUREAU OF THE MINT .;1 Domestic receipts of gold at mint Not published ! BUREAU OF INTERNAL REVENUE. Oleomargarine production Not published \ . Consumption of manufactured tobacco, snufT, Statement of tax-paid products * j First week of month. : cigars, cigarettes, and oleomargarine. Internal Revenue taxes on specified articles Classified collections of Internal Revenue.j 25th of month. U. S. WAR DEPARTMENT: ENGINEER CORPS i Iron ore movement Monthly statistical report Monthly during season. Srtult Ste. Mario Canal traffic Monthly statistical report ! Monthly during season. Ohio Kivcr cargo traffic Monthly. MISSISSIPPI-WARRIOR SERVICE ... Barge traffic on Mississippi River Not published I WAR FINANCE CORPORATION Agricultural loans Not published in form used ' WISCONSIN INDUSTRIAL COMMISSION. Wisconsin factory earnings and employment.. Bulletin on Wisconsin labor market * I5th of month.

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

ABERTHAW CONSTRUCTION CO Building costs Construction trade papers ABRASIVE PAPER AND CLOTH MANU- Sale of abrasive paper and cloth _ FACTURERS' EXCHANGE. Not published ASSOCIATED CORN PRODUCTS MANU- Corn ground into starch, glucose, etc. I FACTURERS. Not published AMERICAN BUREAU OF METAL STA- Copper, silver, and lead production.. TISTICS. Zinc production in Belgium... Not published \ Zinc stocks in United Kingdom , Not published ! AMERICAN FACE BRICK ASSOCIATION.. Face brick production, stocks, etc Not published • AMERICAN NEWSPAPER PUBLISHERS* Stocks of newsprint paper Trends in the Face Brick Industry • Monthly. ASSOCIATION. Monthly report j Monthly. AMERICAN IRON* AND STEEL INSTITUTE. Steel Ingot production ... Press release to trade papers * ! 7th of month. AMERICAN PETROLEUM INSTITUTE Gasoline and kerosene consumption Bulletin ! AMERICAN PIG IRON ASSOCIATION Merchant pig iron production, etc Not published • „ AMERICAN RAILWAY ASSOCIATION Freight car surplus and shortage Car Surplusages and Shortages *.._ j Weekly. (Car Service Division). Car loadings and bad-order cars Information Bulletin * '. Weekly. AMERICAN TELEPHONE AND TELE- Stockholders in the company 9mnnth GRAPH Co. Financial papers : Third week of month. AMERICAN WALNUT MANUFACTURERS' Walnut lumber and logs Not published Quarterly. ASSOCIATION. AMERICAN WASHING MACHINE MANU- Washing machine sales Not published j FACTURERS ASSOCIATION. AMERICAN WRITING PAPER COMPANY. Purchases and sales of paper _.. Not published • .. AMERICAN ZINC INSTITUTE- ANTHRACITE BUREAU OF INFORMA- Produc. and stocks zinc, retorts operating Press release to trade papers * | 13th of montn. TION. Anthracite shipments and stocks Statement of. anthracite shipments • | loth of montu. ASSOCIATED KNIT UNDERWEAR MAN- UFACTURERS* ASSOCIATION. Knit underwear production Monthly report * \ Monthly. ASSOCIATION OF LIFE INSURANCE New life insurance business. Not published Premium collections.. _ Not published Distribution of assets Not published •! AUTOMODILE MANUFACTURERS' ASSO- Automobile accessory sales „ Monthly. CIATION. No longer published., BOSTON, CAPE COD AND NEW YORK Cape Cod Canal traffic Not published

• Multigraphed or mimeographed sheets i Imports and exports of gold and silver in Part II. 57

SOURCES OF DATA—Continued

CURRENT PUBLICATION DATE OF PUBLICATION

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE OltGANIZATIONS-Contlnuod (Excluding individual firms reporting data to be combined with other firms or trado associations)

BOSTON CHAMBER OF COMMERCE . Receipts of wool at Boston I Trade papers ; Dally. BRIDGE BUILDERS AND STRUCTURAL ' Fabricated structural steel sales before April, j No longer published., SOCIETY. i 1922. "Ii BUREAU OF RAILWAY ECONOMICS i Number of tons carried l mile Summary of operating statistics.. | Monthly. j Avcrago receipts per ton-mile Not published ! Passengers carried 1 milo ! Summary or operating statistics..., • Monthly. j Railway employment ! Not published ! Locomotives in bad order \ Not published Per cent of earnings on valuation j Not published CALIFORNIA REDWOOD ASSOCIATION..! Redwood lumber production, etc ; Not published CALIFORNIA WHITE AND SUGAR PINE | Sugnr pino lumber production, etc Not published ASSOCIATION. j CHICAGO HOARD OF TRADE i Wheat, corn and oats, receipts, etc Trado papers... : Daily. CUILDS Co „ Restaurant sales - Monthly report ; Monthly. CLEVELAND TRUST CO Automobile production, monthly, January, Not published currently | i 1920. to June, 1021. COMPAGNIE UNIVERSELLE DU CANAL j Suez Canal traffic Le Canal de Suez 6th, 15th, and 2.1th of month. MARITIME DE SUEZ. j CONTAINER CLUB Production of paper box board through April, Not published : 1923. CREDIT CLEARING HOUSE i Credit conditions, Credit Weekly. DAIRYMEN'S LEAGUE COOPERATIVE Milk deliveries to milk plants Not published ASSOCIATION, INC. F. w. DODGE CORP Building statistics—Contracts awarded Statement on Building Statistics.. Monthly. ' EMPLOYERS' ASSOCIATION OF DETROIT. Detroit factory employment Weekly press release , ENAMELED SANITARY MANUFAC- Enameled sanitary ware Not published TURERS' ASSOCIATION. FEDERATION OF IRON AND STEEL British iron and steel production Trade papers... Second week of month. MANUFACTURERS (British). FELT MANUFACTURERS ASSOCIATION.. Roofing felt production, stocks, etc Not published. FINE COTTON GOODS EXCHANQE Fine cotton goods production and sales... Trade papers..% . FIRE EXTINGUISHER EXCHANGE Shipments of firo extinguishers J Not pujbushed. FOUNDRY EQUIPMENT MANUFAC- Foundry equipment production ; Monthly. TURERS' ASSOCIATION. Stocks and unfilled orders hardwood lumber..j Monthly report- HARDWOOD MANFRS. INSTITUTE Quarterly. IlAFFARDS, G. M., & CO Fall River Mill dividends j Bradstreets HYDRAULIC SOCIETY Hydraulic machinery shipments, etc • Not published.., ILLUMINATING GLASSWARE GUILD. _._• Illuminating glassware production, orders, etc. Not published.. Unsold stock of sweet corn Weekly report • , Weekly. IOWA-NEBRASKA CANKERS' ASSOCN.. Weekly. JACKSONVILLE CHAMBER OF COM- Naval Stores Review , MERCE. Turpentine and rosin receipts- JONES BROS. TEA CO. Financial papers , Monthly. LAKE SUPERIOR IRON ORE ASSOCN... SalesConsump.. , stocks, and shipments, iron ore Monthly report • LEATHER BELTING EXCHANGE Sales of leather belting Monthly report (not published). LIFE INSURANCE SALES RESEARCH Lifo insurance sales Monthly release ISth of month. BUREAU. Not published MAPLE FLOORING MANFRS. ASSOCN.. Maple flooring production, etc. Monthly. MCLEAN BUILDING REPORTS, LTD.... Canadian building contracts Canadian Building Review. 3d of month. MERCHANTS' EXCHANGE OF ST. LOUIS. Receipts and shipments of lead and zinc i Receipts and shipments at St. Louis Mississippi River traffic j Not published 1 MicniGAN HARDWOOD MANUFACTURE Hardardwood and softwood lumber, production Not published ^ ERS' ASSOCIATION. and shishipments] . | MINNEAPOLIS CHAMBER OF COM- Linseed Monthly statements MERCE. NATIONAL ALLIANCE OF CASE GOODS Unfilled orders and shipments of furnituro..., Not published in form used ASSOCIATION. NATIONAL ASSOCIATION OF BRASS Brass faucets, orders and shipments , Not published MANUFACTURERS. Weekly. NATIONAL ASSOCIATION OF BUTTON Button stocks, activity, etc , Weekly report , MANUFACTURERS. Not published in form used NATIONAL ASSOCIATION OF CHAIR Chair shipments and unfilled orders MANUFACTURERS. Not published NATIONAL ASSOCIATION OF CORRU- Production of paper box board through April, GATED AND FlDER BOX MANFRS. 1923. Monthly. Agricultural pumps Business conditions (Chicago Federal NATIONAL ASSOCIATION OF FARM Reserve). EQUIPMENT MANUFACTURERS. Not published NATIONAL ASSOCIATION OF FINISHERS Finished cotton goods, billings, orders, shipments, and stocks. OF COTTON FABRICS. Not published NATIONAL ASSOCIATION OF HAT MAN* Hat production, etc., and stocks of fur \ UFACTUKERS. NATIONAL ASSOCIATION OF PIANO Production, shipments, and unfilled orders of j Not published. BEN-cn AND STOOL MANUFACTURERS piano benches and stools. \ NATIONAL ASSOCIATION OF STEEL Steel furniture shipments I Not published. FURNITURE MANUFACTURERS. Not published NATIONAL ASSOCIATION OF SHEET AND Sheet-metal production and stocks TIN PLATE MANUFACTURERS. No longer published * NATIONAL ASSOCIATION OF WOOL 1913 figures for active textile machinery MANUFACTURERS. Second week of month. Production and shipments of passenger cars Traffic bulletin* (production figures not NATIONAL AUTOMOBILE CHAMBER OF published). COMMERCE. and trucks. Not published NATIONAL BOTTLE MANFRS. ASSOCN.. Glass bottle production Index NATIONAL CONTAINER ASSOCIATION... Production of paper box board since April, Not published 1023. NATIONAL ELECTRICAL CREDIT ASSO- Credit conditions CIATION. Not published I 21st of month. Cost of living NAT. INDUS. CONFERENCE BOARD— Monthly press release NATIONAL MACHINE TOOL BUILDERS' Machine-tool orders, etc ASSOCIATION. Not published NATIONAL PAYING BRICK MANUFAC- Paving-brick production, etc , Monthly report TURERS' ASSOCIATION. Federal Reserve Bulletin Monthly. NATIONAL RETAIL DRY GOODS ASSO.. Department store trade (sec Fed. Res. Bd.)._. NATIONAL WOOD CHEMICAL ASSO..., Production of wood alcohol and acetate of lime. Not published^ First week of month. JNEW ORLEANS BOARD OF TRADE.... First week of month. ORLEANS COTTON EXCHANGE... Monthly bulletin- s PRINT SERVICE BUREAU Canadian^new-sprint production, etc \ Monthly bulletin..- United States newsprint data since June, 1923.1 Monthly statement. First week of month. NEW YORK COFFEE AND SUGAR EX. Coffee receipts, stocks, etc First week ol month. Stocks of tin Trade papers £tw YORK METAL EXCHANGE Tho index..... Monthly. YORK TRUST COMPANY Indexes of stock and bond prices .. North Carolina pine, production, etc Not published ORTH CAROLINA PINE ASSOCIATION Not published NORTHERN HEMLOCK AND HARD- Hemlock and hardwood lumber production, WOOD MANUFACTURERS' ASSOCIA- etc. TION. • Not published- NORTHERN PlNE MANFRS. ASSOCN... Northern pine lumber and lath.. * Multigraphed or mimeographed sheets. 5S SOURCES OF DATA—Continued

DATA I CURRENT PUULICATION DATE OP PUBLICATION

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS-Continued. (Excluding individual firms reporting data to be combined with other firms or trade associations) * "

OAK FLOORING MANFRS. ASSOCN \ 0

SOURCE DATE OF PUBLICATION*

III.—REPORTS FROM TECHNICAL PERIODICALS

AMERICAN METAL MARKET. _j Composite pig iron and steel prices First or second week of month (dally). THE ANNALIST _l New York stock sales First weekly issue of month (Mondays) ! New York closing stock prices Weekly (Mondays). | Foreign exchange rates, 1914 to 1918- THE BOND BUYEE. .1 State and municipal bond issues , First weekly issue of month (Saturdays). i Municipal bond yields , First weekly Issue of month (Saturdays). BRADSTKEET'S _j Visible supply of wheat and corn , Weekly (Saturdays). . , Bank clearings, United States and Canada. First weekly issue of month (Saturdays). ! Wholesale price index Second weekly issue of month (Saturdays). : Business failures, Canada " First weekly issue of month (Saturdays). BULLETIN DE LA STATISTIQUE GENERALE J Price index for France Monthly. CHEMICAL AND METALLURGICAL ENGINEERING.. . Chemical price index Weekly (Wednesdays). COAL AGE . Mine prcpricee of bituminous coacoal.l . Weekly (Thursdays). COMMERCIAL AND FINANCIAL CHRONICLE Cotton (visiblo supply) and Interest rates Mail order and chain store sales S^&ffift&ly issue of month (Saturdays). i New corporatte securitieii s Last issue of month. Dow, JONES & Co. (WALL STREET JOURNAL). .! New York bond sales and prices First week of month (daily). ! Mexican petroleum shipments 20th of month (daily). • tfwia..o DUN'S REVIEW _i Business failures and wholesale price index. First weekly issue of month (Saturday . ELECTRICAL WORLD -i Sales of electrical energy, central stations First weekly issue of month (Saturdays). ENGINEERING AND MINING JOURNAL-PRESS..... -! Rand gold production and silver prices Second weekly issue of month (Saturdays). ENGINEERING NEWS RECORD _! Construction cost and volume index First weekly issue of month. FINANCIAL POST -j Canadian bond Issues „ Weekly (Thursdays). FRANKFURTER ZEITUNO .1 Price index for Germany Monthly. HAY TRADE JOURNAL , .[ Hay receipts IIIIIIIII IRON AGE -i Pig-iron production and furnaces in blast ^t^Wt th (Thursday,). ! Composito finished steel price Weekly (Thursdays). IRON TRADE REVIEW - .'Iron and steel prices j Railway freight car orders ^^KKmth (Thursday). LONDON ECONOMIST J Price index for United Kingdom 10th of month. /r, Mo_-.\ LUMBER .! Price Indices of lumber IIIIIII! First weekly issue of month (Fridays). MANUFACTURERS' RECORD .1 Southern construction and southern bond issues" Monthly. MILK REPORTER .1 Milk receipts at Greater New York '. Weekly. MODERN MILLER .I Argentine visible supply of wheat and corn Weekly. NAVAL STORES REVIEW „ .j Turpentine and rosin, receipts and stocks Weekly (Saturdays). NEUE ZURICFJER ZEITUNO J Price index for Switzerland IIIIII! NEW YORK JOURNAL OF COMMERCE.. .: Dividend and interest payments II First week of month (daily). ; New capital issues and new corporationsIII ! First week of month (daily); I Fire losses 10th of month (daily). NEW YORK EVENING POST- J Nowspaper advertising IIIIIII Not published. IS7 CRT!! WESTERN MlLLER .i Flaxsecd, receipts, etc _• Weekly (Wednesdays). ; Wheat flour production for 1917 OIL, PAINT, AND DBUG REPORTER .! Prico indices of drugs, oils, etc Weekly (Mondays). •' Argentine visible supply of flaxseed Weekly (Mondays). OIL TRADE JOURNAL .i Mexican petroleum shipments 10th of month (monthly). PRINTERS' INK _i Magazine advertising Second week of month. PUBLISHERS' WEEKLY I" . Book production . _ Third week of month. RUSSELL'S COMMERCIAL NEWS.— "" J Wheat flour production, from July, 1920 Weekly compilation (dally). STATISTICAL SUGAR TRADE JOURNA'L" J Sugar stocks, receipts, meltings, and Cuban statistics... Weekly (Fridays). fiVENSK IlANDELSTIDMNG . Price index for Sweden

• Miiltigraphed or mimeographed sheets. O PUBLICATIONS OF THE DEPARTMENT OF COMMERCE

Recent publications of the Department of Commerce having the most direct interest to readers of the SURVEY OP CURRENT BUSINESS are listed below. A complete list may be obtained by addressing the Division of Publications, Department of Commerce, at Washington. Copies of the publications may be purchased from the Superintendent of Documents, Government Printing Office, Washington, at the prices stated. If no price is mentioned, the publication is distributed free. OFFICE OF THE SECRETARY Austrian Iron and Steel Industry and Trade, by E. M. Zwickel, Assistant American Trade Commissioner, Vienna.— Property Accounting.—Department Circular No. 204 (third Trade Information Bulletin No. 205. edition), June 4, 1024. Budgetary Control in Retail Store Management, prepared in Laws and Regulations for Protection of Fisheries of Alaska.— Domestic Commerce Division.—Trade Information Bulletin Department Circular No. 251 (tenth edition), June 21, 1024. No. 200. Simplified Practice Recommendations: Bed Blankets, Cotton, Postwar Conditions in the German Toy Industry, by Wool, and Cotton and Wool Mixed. Recommendation No. 11. Arthur J. Grey, American Trade Commissioner, Berlin.—Trade Price 50. Information Bulletin No. 207. BUREAU OF THE CENSUS Turkey's Foreign Debt, by James 11. Mood, European Divi- sion.—Trade Information Bulletin No. 208. (For circulars giving plan of publication and distribution of census publications address the Director of the Census.) Retail Store Location, prepared in Domestic Commerce Biennial Census of Manufactures, 1921.—1,637 pages, Division.—Trade Information Bulletin No. 209. price $1.75. This report presents the statistics of the first Nitrogen Survey: Part IV.—The Nitrogen Situation in biennial census of manufactures for the United States which European Countries, by Harry A. Curtis, Bureau of Foreign covered industrial operations during the calendar year 1921. and Domestic Commerce, and Frank A. Ernst, Fixed Nitrogen Financial Statistics of Cities Having a Population of Over Research Laboratory, United States Department of Agricul- 30,000, 1922.—-307 pages, price 750. This is the annual report ture.—Trade Information Bulletin No. 270. of the Bureau of the Census showing the financial transactions of 201 cities for the fiscal year 1922, the assessed valuation of BUREAU OF FISHERIES taxable property in tlioso cities ami the taxes levied thereon Variation in the Maximum Depth at which Fish Can Live during that year, and their indebtedness and specified assets during Summer in a Moderately Deep Lake with a T her mo- at the close of that year. dine, by Frank Smith.—Document No. 970. Price 50. Telephones, 1922.—56 pages, price 100. This report is one Iodine Content of Sea Foods, by Donald K. Trcssler and of the series giving the results of the census of electrical in- Arthur W. Wells. Document No. 907. Price 50. dustries taken quinquennially by the Census Bureau. Propagation and Distribution of Food Fishes, Fiscal Year Farm Population of Selected Counties.—238 pages, price 2f>0. 1923, by Glen C. Leach. Document No. 904. Price 150. This report gives data relating to the farm population of the following eight selected counties in typical agricultural sections BUREAU OF STANDARDS of the United States: Otsego County, N. Y.; Dane County, Formulas, Tables, and Curves for Computing the Mutual Wis.; New Madrid and Scott Counties, Mo.; Cass County, Inductance of Two Coaxial Circles, by Harvey L. Curtis and N. Dak.; Wake County, N. C; Ellis County, Tex.; and King C. Matilda Sparks.—Scientific Paper No. 492. Price 150. County, Wash. Tests of Some Girder Hooks, by Herbert L. Whittemore and Consumption of Vegetable Tanning Materials.—4 pages, Ambrose II. Stang.—Technologic Paper No. 200. Price 100. price 50. This report, which is compiled in cooperation with Influence of Sulphur, Oxygen, Copper, and Manganese on the Department of Agriculture Forest Service, shows the crude the Red-Shortness of Iron, by J. R. Cain.—Technologic Paper vegetable materials and vegetable extracts consumed in tanning No. 201. Price 100. Saturation Relations in Mixtures of Sucrose, Dextrose, and for"1023 and 1919. 1 State Comnendiums, 1920.—Indiana, 183 pages, price 350; Lcvulose, by Richard I '. Jackson and Clara Gillis Silsbee.— Maryland, 101 pages, price 200; New York, 208 pages, price Technologic Paper No. 259. Price 100. 050; and Oklahoma, 131 pages, price 250. Each compendium Recommended Specifications for Quicklime and Hydrated contains detailed statistics of population, agriculture, manu- Lime for Use in the Absorption of Carbon Dioxide. Circular factures, and mining for the State named. A summary for the No. 189. Price 50. United States is also given, with a map showing the centers of United States Government Specifications: population, agricultural products, and manufactures. Writing Ink. Circular No. 183. Price 50. Stamp-pad Ink. Circular No. 185. Price 50. BUREAU OF FOREIGN AND DOMESTIC COMMERCE Asphalt for Unsurfaced Built-up Roofing. Circular No. 168. Price 50. Monthly Summary of Foreign Commerce of the United Computing and Recording Machines. Circular No. 188. States, May, 1924.—Parts I and II. Owing to the advanced Record and Copying Ink. Circular No. 182. Price 50. cost of printing it has been necessary to advance the sub- Typewriter Ribbons. Circular No. 180. Price 50. scription price of the Monthly Summary from $1 to $1.25 Battleship Linoleum. Circular No. 191. Price 50. a year. The single-copy price of Part I will be 100, and of The above specifications have boon oflfcially adopted by the Federal Specifications Part II, 50. Board as a .standard in purchasing materials for uso by Government departments Commerce Reports.—A weekly survey of foreign trade, and other Government establishments. cable summitries of world conditions, and articles on situation in various commodities in foreign countries. Quarto, 72 pages. BUREAU OF NAVIGATION Price 10£ per copy; $3 a year ($5 for foreign). American Documented Seagoing Merchant Vessels of 500 Index to Commerce Reports, Nos. 14-26, April, May, June, Gross Tons and Over, September 2, 1924.—Serial No. 82. Price 1924. Price 5(\ 100 a copy; annual subscription price 750. Domestic Market Possibilities for Electrical Merchandising Radio Service Bulletin, September 2, 1924.—No. 89. Price Lines, Analysis of Pereentftgo Distribution by States, by 11. A. 50 a oopy; annual subscription price 250. Lundquist arid 1J. E. Way.—Trade Promotion Series"No. 9. Coxnnierical and Government Radio Stations of the United Price o^. States. Edition June 30, 192J. Price 150. Glossary of Automotive Terms and Instructions to Exporters NOTE.—All orders for radio piibliinitions listed by the Bureau of Navigation and inquiries concerning tiiese publications should be addressed to the Superintendent for Guidance in Properly Listing and Classifying Automotive of -Documents, Government Printing Odicc, Washington, D. G. Do not make Apparatus and Supplies in Shippers' Export Declarations, remittances to the Bureau of Navigation or to radio inspectors. prepared in the Automotive Division.—Trade Promotion Series No. 3. Price 50. COAST AND GEODETIC SURVEY Noninloxicating Beverages in Latin America, prepared in the Precise Triangulation, Traverse, and Leveling in North Foodstuffs Division.—Trade Information Bulletin No. 2G0. Carolina, by Walter D. SutclifTe and Henry G. Avers. Special Welsh Coal Trade in 1923, by Kdgar C. Soulc, American Publication No. 101. Price 250. Consul, Cardiff, Wales.—Trade Information Bulletin No. 201. A Gravimetric Test of the "Roots of Mountains" Theory, Labor, Wages, and Unemployment in France, by Ell wood A. by William Howie. Serial No. 291. Welden, European Division.—Trade Information Bulletin Aerial Survey of the Mississippi River Delta, by G. C. Mat- No. 202. tison. Serial No. 271. Price 100. The Petroleum Industry of Russia, by William A. Otis, Mineral Division.—Trade Information Bulletin No. 203. LIGHTHOUSE SERVICE Haiti: An Economic Survey, prepared in the Latin-American Buoy List, 1924.—Sixth District, Cape Lookout to Hillsboro Division.—Trade Information Bulletin No. 204. Inlet (corrected to September 1). Price 200. DEPARTMENT OF COMMERCE HERBERT HOOVER, Secretary of Commerce BUREAU OF THE CENSUS BUREAU OF FISHERIES WILLIAM M. STEUART, Director HENRY O'MALLEY, Commissioner Chief functions Chief functions The taking of the decennial census covering population, agri- The propagation of useful food fishes, including lobsters, culture, manufactures, mines and quarries, and forest products. oysters, and other shellfish, and their distribution to suitable Decennial report of national wealth, public debt, and taxa- waters. tion, including principal financial statistics of Federal, State, Investigations of fish culture, fish diseases, and for the con- county, city, and township governments. servation of fishery resources and the development of commer- Annual financial statistics of State and municipal govern- cial fisheries. ments, including sources of revenue, objects of payments, debt, The study of the methods of the fisheries and fishery industries tax levies. and the utilization of fishery products. Decennial statistics relating to inmates of institutions, in- The collection of statistics of fisheries. cluding paupers, insane, prisoners, and juvenile deliquents. The administration of the Alaska salmon fisheries, the fur-seal A quinquennial census of agriculture, a biennial census of herd on the Pribilof Islands, and the law for the protection of manufactures, a quinquennial census of electrical public utilities, sponges off the coast «f Florida. including electric railways, light and power stations, telephones, telegraphs, etc. BUREAU OF LIGHTHOUSES Annual statistics of births, deaths, marriages, and divorces. Quarterly statistics of leaf tobacco stocks and of production, GEORGE R. PUTNAM, Commissioner stocks, and consumption of fats and oils. Chief functions Monthly or semimonthly statistics of cotton ginning; cotton The establishment and maintenance of lighthouses, light- stocks and consumption; the production, stocks, and consump- ships, buoys, and other aids to navigation on the sea and the tion of hides and leather; the production of shoes; and statis- lake coast and on the rivers of the United States, including tics of active textile machinery and of production in an increas- Alaska, Hawaiian Islands, and Porto Rico. ing number of other industries. The publication of Light Lists, Buoy Lists, and Notices to JThe compilation and publication, in the "Survey of Current Mariners, including information regarding all aids to navigation Business," of monthly commercial and industrial statistics. maintained by the Lighthouse Service. BUREAU OF FOREIGN AND DOMESTIC COMMERCE JULIUS KLEIN, Director COAST AND GEODETIC SURVEY Chief functions E. LESTER JONES, Director The compilation of timely information concerning world Chief functions market conditions and openings for American products in for- The survey of the coasts of the United States and the publi- eign countries secured through, commercial attache's and trade cation of charts needed for the navigation of the adjacent commissioners of the Department of Commerce and the foreign waters, including Alaska, the Philippine Islands, Hawaii, Porto service of the Department of State. The distribution of such Rico, the Virgin Islands, and the Canal Zone. information to American business through weekly " Commerce A comprehensive geodetic system, extending into the interior, reports," special bulletins, confidential circulars, the news and connects and coordinates the surveys of the coasts, and is de- trade press, correspondence, and personal contact. signed to furnish accurately determined points and elevations The maintenance of commodity, technical, and geographical in-a.ll parts of the country. These are available as a basis for divisions to afford special service to American export industries. Federal, State, and municipal surveys, and engineering projects The compilation and distribution of names of possible buyers of every kind. The magnetic declination has been determined and agents for American products in all parts of the world and at a large number of stations throughout the country, and the publication of weekly lists of specific sales opportunities abroad. results are available for the use of surveyors and engineers. The maintenance of district and cooperative offices in 33 cities The technical operations include base measures, triangula- In the United States to expedite delivery of market information tion, traverse, precise leveling, the determination of latitude and to business men and to keep the department adivsed as to azimuth, the determination of difference of longitude by tele- the urgent requirements of American trades and industries. graph or radio, magnetic observations and researches, the The publication of official statistics on imports and exports. preparation of magnetic maps, the determination of the force The study of the processes of domestic trade and commerce, of gravity, topography, hydrography, deep-sea soundings, water with a view to their improvement and the dissemination of temperatures, tidal and current observations. information obtained for the benefit of the public, as well as of The results are published in the form of charts on various those directly concerned. scales, annual reports, coast pilots, tide tables (published annually in advance), current tables, digests of geodetic publications, BUREAU OF STANDARDS and special publications. GEOUGE K. BURGESS, Director Chief functions BUREAU OF NAVIGATION Custody of standards of measurement, quality, performance, D. B. CARSON, Commissioner or practice adopted or recognized by the Government. Devel- opment and construction of such standards when necessary. Chief functions Testing and calibration of apparatus and comparison of stand- General superintendence of commercial marine and merchant ards used by scientific or other institutions with those in the seamen. custody of the bureau. Supervision of registering, enrolling, licensing, numbering, Determination of physical constants and properties of etc., of vessels under the United States flag, and the annual materials. publication of a list of such vessels. The testing of materials and establishment of standards and The enforcement of the navigation and steamboat inspection processes in cooperation with commercial firms or organizations. laws and the laws governing radio communication, as well as Industrial researches covering structural, engineering, and duties connected with fees, lines, tonnage taxes, refunds, etc., miscellaneous materials, radio, radium, mechanical appliances, originating under such laws. sugar technology, leather, paper, rubber, and textiles; clay products, glass,"and refractories, metals and metallurgy, and STEAMBOAT INSPECTION SERVICE similar groups of subjects. GEORGE UHLER, Supervising Inspector General The collection and dissemination of information showing ap- proved methods in building, planning, and construction, includ- Chief functions ing building materials and codes and such other matters as may The inspection of vessels, the examination and licensing of encourage, improve, and cheapen construction and housing. the officers of vessels, and the administration of laws relating Studies on simplified commercial practices and establishment to such vessels and their officers. The certification of able sea- of such practices through cooperative business organizations. men who form the crews of merchant vessels. The bureau publishes six series of scientific and technical The inspection of vessels, including the types of boilers; the publications, reporting the results of its researches and giving testing of all materials subject to tensile strain in marine boilers; technical data fundamental to industry. the inspection of hulls and of life-saving equipment. The Director has supervision of the preparation of technical The investigation of violations of the steamboat-inspection specifications through the Federal Specifications Board. laws.