SURVEY OF CURRENT BUSINESS PUBLISHED BY UNITED STATES DEPARTMENT OF COMMERCE

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No. 104 WASHINGTON April, 1930

CONTENTS Text Table SUMMARIES INDEX BY SUBJECTS page page Page Textiles------9 23-25 Preliminary summary for March______1 Metals and metal products ______Monthly business indicators (table and chart)______2, 3 10 25-28 Fuels------11 29,30 Business conditions in February______4 Automobiles and rubber ______Indexes of business ______--______15 11 28-31 Hides and leather ______-----______11 30 Paper and printing______DETAILED TABLES 11 30,32 Building construction and housing ______12 32 Passenger-car and motor-truck registrations 1929______18 Lumber products ______----- __ --_ 12 33,34 Wheat grindings and wheat products, by months and Stone, clay, and glass products ______12 34,35 States------19 Chemicals and oils. ______---____ _ 35-37 Paper board shipping boxes ____ ------20 Foodstuffs and tobacco ______13 37-40 Wholesale prices of Chemicals, oils and fats, Automobile Transportation and public utilities ______14 41-42 financing, Paint, varnish and lacquer products______21 Employment and wages ______: ___ _ 5 43, 44 Illinois factory employment and United States unem- Distribution movement (trade, etc.) ______14 44 ployment in unions______22 Banking, finance, and insurance ______14 44-47 Foreign exchange and trade ______14 47-48

PRELIMINARY SUMMARY FOR MARCH The volume of commercial transactions during than for either the previous month or for March, March, as based upon weekly check payments, was 1929. Prices for wheat declined continuously during lower than in March, 1929. Activity in steel plants the month of March and were lower than during declined from the previous month and was also lower the corresponding month of last year. Cotton and than during the corresponding month of last year. iron prices also showed slight declines in both Factory employment in Detroit showed an improve. periods. ment over the previous month but was substantially Bank loans and discounts showed little change lower than a year ago. The output of crude petroleum from the previous month and were slightly larger was slightly smaller than during either the previous than a year ago. Interest rates were lower than month or the corresponding month of last year. during either the previous month or the correspond­ Movement of goods through primary channels, as ing month of last year. Brokers' loans gradually reflected by data on car loadings, was practically increased during the month but were much smaller the same as during the previous month but smaller than a year ago. Prices for stocks and bonds con­ than a year ago. The volume of new-building con­ tinued their upward trend, the latter reaching a tracts awarded during March was much larger than higher level than during March, 1929, or any of the during the previous month and was also larger than intervening months. Business failures were somewhat during March, 1929. fewer than during corresponding weeks of February The general index of wholesale prices was lower but more numerous than a year ago. 1030lo-3o-l (1) 2

MONTHLY BUSINESS INDICATORS, 1923-1930

Ratio charts-see explanations on inside front cover. The cnrves on check payments, wholesale trade, 10-cent chains, and department stores have been adjusted for normal seasonal variations, and manufacturing production for the varying number of working days in the month as well. 1923-1925 monthly average= 100]

I 80 ~b. ~L ~j ~iHOLE~S1~P~RICEr ~I ~J::------1 :~~ I C7''[::1J" II ~ J~r • •-1 I :,r-; ··'' ~ ~~:II It I ~::i'I lilt 1 8 0 ., 2 20 "'- I 80 ------y ly \ r----- ~- I 40 ------j .._...lv J ~ I00 ·~ CHECK PAYMENTS < 141 CEN(E~~ ) .l I I I, 1 ~ j,,' 1 1 t,,J.il 11 t•l··l .Ia 0 40 SALE~Jir R~URA;:,fHAINS .A ....,-. ~ ,.,. :~ 1: ·v y-v V" 00 r , I ,I , , I .u.lulul ,I u~~ 0 _,l !' 40 J .A hJ ·vvM. l ....,., I II 00 .. , , , , I I 9.~~~RTMENT ~;o~E T~f.uulw.ub_L,, 11 1 1 18 0 60 ' flrl2 A 1-----i200 M A 1, ~ rr 40 =J(\,\ if\) l. ~ .I\ fr\./ ~ 00 'V I II IJ\1 ~\r --j80

v v SALES B~ 2 MAI~-ORDER HOUSES I (f) I, I ,l .. i I J,.jlll·il· lt•i· lilt ll.L.L...J I, ,I I , I ,cl_. I, Js a a: 80 ::;:"' SALES BY TEN CENT CHAINS ~ flY"' _J ~y 40 ~ i'Y"' )( I --~ I00 "'~ , 1, 1, I , I, I,,] 1 ,1.1,,: tdXi~ .1. 1,!' 1 I ,l.cJ.u~.cL.cu- 80 I'40 -~~ TONAr o?Zr~/\ I LMI\ !u.A ~ I00 ~I.I.:~,I.~,,,,J,,,,r, , I, ,]"'' I J_,' ,I ltl_,~ 80 II 60 ~ERES~ RATE.lOM~CIAL PAPt/"'- I:, .... n.I ,. 00 ,] ,] ,], !~II 1,], .. 1.-!~,],1,1, ,1,] .. ~.70 BOND PRICES 120 I00 1 lrrll,llloltl·t 1t ·ittil:tl_ 1ltti I 1;¥15~ ollr I l11l 1 ~jj I~11lt1 ~9 0 60 PRICE OF 25 RAILROAD STOCKS 12 L""t. 200 ..... - 1, ~ - I 40 ...... ,. I ;"....,.-"" II 00 l"''o.. ~1.1' ,],II ,I ,I .,1 .1 .. 1, ,] ,] ,1 1 1 ,\,I ,I I 80 380 PRICE OF 25 INDUSTRIAL STOCKS /\ 300 _JtJ \. 200

/ I 40 I\/"" v I00 ~ ~ .ulul tl t!ttllll tltllll diii,,J, dill · 1 ,!ululuJ 80 3 MONTHLY BUSINESS INDICATORS

The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925, inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators may be seen at a glance. Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated, as noted below. In this manner a more understanding month-to-month comparison may be made.

MONTHLY AVERAGE 1929 lt30 ~--,--,---.--.,---,----,---1----.-----,------,------;------,-----,------;-----;--,------c--- ITEM i 1123 [ 19241192511926119271192811929 Feb.[ Mar.[ Apr./ May [June [July IAug. ISept.[ Oct.j Nov.[ Dec.\Ian.j Feb. I \ 1923·1925 monthl7 average=100 1------~------,---~-~-----·---,---~---~------;-~------,--,-~--.- Industrial production:. I • Total manufacturing...... i 101.0 94. 0 105.0 lOS. 0 106. 0 111 0I 119. D 117.0 I 120. < 123. 0 124. 0 128. 0 125. 0 124. 0 122. oI 117. 0 105.0 96. 0I 102. oI 105. 0 • Total minerals ••••••••••••.•••••• )105.0 96.0 99.0 107.0 107.0 106.0 115.0 120.0 107.0 115.0 116.0 112.0 114.0 115.0 118.0,118.01 110.0 116.0 112.0,1 107.() Pig tron •••••••••. ------1111. 7 86. 7 101.5 109.0 101.0 105. 51 117.1 107.3 124.3 122.6 130. 5 124.4 126. 7 125.7 117. 1 120. 1 106.5 94.9 94. o[ 95. 0 Bteelingots •••••.•••.•.•••••••••• ,I04.8 88.7 106.4 113.1 104.6 120.2 130.6 125.1 1 146.3 142.8 152.5 141.2 139.9 142.5 130.5 130.5 101.6 83.8 109.5 117.7 Automobiles •••••.•• ------101.7 90.8 107.5 108.4 85.7 109.9 135.1 141.1 177.1 188.1 182.91165.1 151.5 150.8 125.81114.9 65.8 36.3 82.6 98.0 Cement ••• 92.1 99. 8 108.1 110.0 1111.3 118.0 114.1 68.6 80.2 110.6 129.9 135.2 139.3 149 5 138.6 134.6 113.1 90.2 68.4 M. 7 ------·····-1 1 Cotton (consumption) ··------~105. 9 89.7 104.4 108.5 120.2 106.7 114.6 115.9 101.2 123.1. 130. 3 111. 1 106.6 108.7 106.3 124.9 106.0 88.4 112.5 V6. 5 I

Wool (consumption) ••.....•.•.•. 112.8 94.6 92.6 811.7 97.0 94.7 103.1 101.3 102.7 103.8[102.9 93.0 99.8 111.1 105.0 125.3 98.5 79.8 92.1 B0.9 1 1 Raw material output: I . \ _ Animal products...... 100.0 104. 0 96. 01 96.0 97.0 99.0 99. 80.0 88. 0 99. 7 108 111 8 116. 0 100.0 98. 71102.6 95. 2 93.0 94.7 84. 7 CropS------91.9 104. o 104. ol' 109. o 113.3 117. o 114. 81.9 72.5 57.4 51.191 56.3 91.1 134.5 177.1 246.3 154.6 139.2 78.7 62. 7 Forest products...... 99.0 97.0 104.0 98.0 93.0 88.2 85.4 74.0 86.0 90.2 98.61 89.9 88.3 91.8 80.3 89. 2 82.0 69.6 63.3 61. 8 Crude petroleum...... 99.4 96.9 103.7 104.6 122. 3, 122.41 136.5 123.3 134.4 130.5 137.5 135.9 148.8 150.3 142.21143. 5 127.3 130.9 122.2 110.6 Bituminous coaL •••••••••••.•.•. 108.0 92.5 99.5 109 7 99.01 95.81100.5 110.0 90.3 84.7 92.2187.4 93.3,100.7 102.2 117.6 104.9 107.5 114.3 90.8 1 Copper...... 93.4 100.2 106.4 110.2 104.9/114.91127.1 128.5 142.1 143.91141.6 124.9 12.0.1 119.6 120. 4( 125.2 115.1 113.4 102.9 90.3

Power and eonstructlen: 1 1 [

Electric power •• ------92. 6 98. I 109. 5 122.6 133.3. 146.01161.7 148. 1 159. 3 157. 1 161. 211M. 9; 159.8 166.6 160.7 173.6 164.4 169.8 172.6 152. o Building contracts (37 States).... 89. 7 92.7 117.6 Ill. 0 106.8 121.4 99.6 81.9 117.1 128.01 122. 4! 109.71113. 7 100.5 90. 2 98.9 76.9 66.3 49.6 57.6 1 1 UniDie4 orders: I Generalindex•••••••••••••.•••.•. 121.7 87.0 91.3 84.6 74.0 76.2 BO.I 79.5 85.5 93.ll1 88.4 83.41 82.1 76.0 76.8 76.8 73.7 77.7 79.9 79.8 St~ :.Stee1Corporatlon .•••••.••• 126.8 83.6 90.6 82.1 71.11 80.7 87.1 86.8 92.4 92.7 90.1 89.~ 85.6 76.6 81.7185.61 86.4 92.5 9:l.6 93.8

1 1 General index...... 94. 5 102. 0 103. 5 114.6 120. 8 1123. 0 1 136.1 137.7 134.0 129. 9l 122. 8 120. 2 121. 8 127. 21139 2[154. 8 156.5 158. 0 150. 8 H6. 9 Ma.nCd.commoditles (28) •••.••••. 93.8 103.2 W3.0 106.3 !12.5llll7.4[120.1 127.3 124.2 121.5 . 120 4 121.1 120.3 115.7 113.8 113.9 115.6 118.9 121.5 123.0 Cotton.------·------['02. 5 91.4 106.2 145. 6 153. I 123.6 126. 149.5 130. 51109.9 88.4 70.9 54.2 58.2 JOG 81 177.5 199.81206.4 1:2. s m. 4 1 1 ... ;;;::_~":_:-:::::_:::] ::: ·:: :: .:: ::1 :: .:: :: .:: .] .::: .:: .:: .:: .:: .::1 ·:: ·:: ·:::1 ::

Prlc;::m products, to producers _____ I 97.8 97. 1 106. 5 98. 6 94.91100. 71100. c 98. 6 101.4 100.0 98.6 97.8 101.4 103.6 102.2 101. J 98.6 97. 8i 97. 11 94. 9 Wholesale, all commodities...... 99.9 97. 4 102. 8199.3 94.71 97.0 95.8 96.0 96.8 96. 1 95. 1 95.7 97.3 97.0 96.8 95.6 93. 7 93.5 92.8 91.5 1 Retail food...... 97.6 97.6 104.9 107. 61' 103.6 102. 9i 104. f 103.2 102.2 101.3 102.4 103.4 105.9 107.0 107.4 107.2 106.7 105.6 103.8 102.2 1 Costofliving (Including food) ••.. 98.2 99.4 102.4 102.4 100 0 98.7 98.4 98.2 97.6 97.0 97.0 97.6 98.8 99.4 99.4 99.4 99.3 98.7' 97.4 96.8

Olatrlbutlon (values) • I I i,, 1 • Bank debits, 141 cities.••••••••••• 91. 2 96.7 111.9 liP. 61132. &1158. 2 184. 5 194.3 195.1 180. 61 180. 5 159. 0 184. 8 198.2 192.8 211. 1 190.0 139.8 136. 7 144. 4 ! 1 • Department stores, sales ______98.0 99.0 103.0 10~.0 1 107 0 108.0 110.0 110.0,113.0 105.01107.0 112.0 10~.0 112.0 123.0 109.0 107.0III5.0 102.0 107.0 Mail-order sales, 2 houses...... 89.2 98. 1[112. 7 120. 2'!126. 2 147.61187.2 141.8 163.3 170. o 168.2 176. 4!11\3. 0 183.71192.8 242.3 225. 3l 275.21 1~8. Oj1 140.7 1 1 • 10-oont chains. sales •••••••••••.•• , 88.0 99.0 113. 0[125. 0 138.0 150.0 164. < 156.9 167.4 153. Oi 172.01174. o 1~2. 0 174.0 168.0 159.0 166. o 165. Oi 1o2. o 162. o Postal receipts...... 93.6 98.5 107.9 114.5 117.3 117.7 121.1 112.7 128.2 121.1 121. 0, 109.3 109. 1 110.. 0[111 14_. 5 133.5 122, Ol153.1 a 120. 9i1 111.3 Imports______97.8 93.1 109.0 114. a; 108.0 105.5 113. 114.4 118.8 127.1] 123.91100.4 100.6 114 3 108 8 121.1 104.81 96.1:1 96. 31' 87.0 I Exports••• ------·--1 91. 6 100. 8 107.8 1011. 6! 106.8 112.6 115. 116. 4 129.0 112. 21 101. 4 103. 6 106. 2 100. 4 115. 3 139.6 116.5 112. 4!i, 108. 3 92. 4 1 Transportation: I ] i 1 I I Freigbt,netton·miles•••..••••••. j102.2 95.9 101.9 109.11 106.0 106.5 109.9 102.2 107.8 102.7j 112.6 109.1 112.5 120.41 118.5 128.1 103.8 96.0· 98.3...... 1 Finance: Ii :[ i] : I' 1 I Memberbankloansanddiscounts 94.1 98.5 107.4 112.9! 117.3 126.8 135.( 130.6 132.4 131.3 129.3 135;1! 136.2 135.31139.1 151.1 141.3 140.9 1 133.1 131.1 1 Interest rate (commercial paper) •• 116. 2 90.0 93. 5 100. 9: 95.4 112.8 135.; 127.6 136.4 139. 2j 139. 21139.2: 139. 2 142.2 145.0 145. o. 133.4 116. o 113. 2!110. 2 ratio •• ------99.0 104. I 96.9 96.01 99.1 89. I 93.4 00. 5 92. 6 94. 9[ 96. 5 94. 4j 96.4 97.7 94. 2 89. 9,1 93.0 90. 2]1 101. 4, 102. 1 Price, corporation bonds...... 96.4 99.9 103. 6 108.0 112. 5 113. 0 106. 101!. 6 108.0 107. 6. 106. 7! 105.41 104.9 104 11103.9 105. 2; 105. 0 107.1! 106. 81107. o Price, railroad stocks...... 86.0 96.1 117.9 133.4 162.7 174.5 194.3 188.3 184.9 183. 7! 184. 4ll92.1[ 213.4 216.3 217.7 203.5 176.2 181. 4, 180.6 188.6 1 Price, industrial stocks...... 86.1 91.9 122.0 132.4 1 171.4 214. 8 292. f 2BO. 3 283.7 285.81 290. 3 297. 8i 330. 8 344. 5 3~8. 5 316. 3' 219.4 229. 3 23.5. 5I 251.9 Failures (liabilities) .••••••••••••• 106.0 106.8 87.2 80.41102.2 96.2 95.0 so. 3 85.7 83.2: 97.21 74. Oi 76.5 79.61 80 .•5 73.9 122.8 159.11144. 3i 121.1 1 • Seasonal adjustments. 4 BUSINESS CONDITIONS IN FEBRUARY PRODUCTION SALES Manufacturing output in February, after adjust­ The general index of unfilled orders for manufactured goods at the end of February showed no change over ments for the usual seasonal changes, was on a higher either the preceding month and the corresponding month level than during the previous month but showed a of 1929. As compared with the preceding month, ad­ decline from a year ago. All major groups showed vances in orders for lumber more than offset declines increases over January, with the exception of textiles, in textiles and iron and steel, and transportation food products, leather and shoes and nonferrous metals, equipment. while tobacco production showed no change. As Wholesale trade showed a smaller sales volume in compared with February, 1929, all the groups, except February than for the· corresponding month of last tobacco, showed a decline in output. Mineral produc­ year, declines being registered in meats, dry goods, tion, after adjustments for seasonal variations, showed shoes, hardware, drugs, and silk goods, while sales of a lower output than in either the previous month or groceries remained practically the same. Retail trade, the corresponding month of last year. All groups as reflected by the volume of sales reported by the two participated in the decline for both prior periods, with principal mail-order houses, while showing an improve- MANUFACTURING PRODUCTION BY MAJOR GROUPS [Relative numbers, monthly average 1923-1925 taken as 100, adjusted for seasonal variations]

I AUTOMOBILES TOBACCO MANUFACTURES ...J . .L.d~---L.....l_Ll__,_i_LL.L_LI._._L_w_J. .l_J_.__u-' 1925 1926 1927 1925- ~L 1926 I. T927 ~ ~~9~28~~1"'92~9"_._.) the exception of bituminous coal for which the output ment from the previous month, was less than a year remained the same as in January. The largest decline ago. Chain-store trade was substantially greater than from a year ago appeared in the cBSe of copper which for either prior period. Department-store sales, on the was 30 per cent lower than in February, 1929. other hand, after adjustments for seasonal considera­ COMMODITY STOCKS tions, were at a lower level than for either the previous The weighted index of commodity stocks showed a month or the corresponding month of last year, almost ·slight decline from the previous month but was higher all of the departments participating in this decline. than a year ago, the increase over last year being Imports of merchandise into the United States entirely due to larger stocks of raw materials. Manu­ during February were substantially less than during factured goods in the hands of manufacturers at the either the previous month or the corresponding month end of February, while slightly larger than at the end of last year, all classes participating in the decline -of the previous month, were lower than at the end of from February, 1929, while only imports of food stuffs February, 1929. exceeded those for the previous month. 5 PRICES and vegetables and meat animals were insufficient to The general index of wholesale prices was lower in offset lower prices for grains, poultry and dairy prod­ February than in either the preceding month or the ucts, and cotton and cottonseed. corresponding month of last year. All groups included EMPLOYMENT within the index showed declines from both periods Factory employment in February, as measured by except metals, building materials, and miscellaneous the general index, while showing no change from the goods for which the prices were unchanged from the preceding month was 7 per cent lower than a year ago. previous month, and household furnishing goods for As compared with the previous month, employment which the prices were unchanged for either prior in factories producing automobiles, iron and steel, period. The largest declines from last year were leather and leather products, and tobacco showed suffi­ registered in prices for textile products, farm products, cient increases to offset declines in those producing hide and leather products and chemicals for which machinery, paper and printing, lumber, nonferrous decreases ranged from 4 to 8 per cent. Classified by metals, chemicals, and rubber products. Contrasted the condition of manufacture the general index, with with a year ago, the only gains in employment were in FACTORY EMPLOYMENT, BY GROUPS [1926 monthly average= 100. February, 1930, is latest month plotted]

a decline of 5 per cent from a year ago, showed a de­ lumber mills and petroleum refineries, all other types crease of 6 per cent in raw materials and 5 per cent in of factories registering declines. The largest declines semimanufactured articles, while prices of finished in employment from a year ago were recorded in auto­ products and nonagricultural commodities which mobile, rubber, nonferrous metals, lumber, and cement, showed a decline of 3 per cent. Commercial indexes clay and glass factories which showed declines of from also showed declines from both the preceding month 12 to 31 per cent. and February, 1929. Factory pay-roll payments in February were 3 per Prices paid to farmers for their products, as reflected cent greater than in January but 10 per cent less than in the general index, were lower than for either the in February of last year. The only decline from the previous ·month or for February, 1929. Compared previous month was in the food-products group, with a year ago, a substantial gain in prices paid for while the paper, lumber, and nonferrous metal groups fruits and vegetables was more than offset by declines showed no change from January. Compared with a in each of the other groups, except meat animals for year ago, all groups, except paper and printing estab­ which the price remained unchanged. As compared lishments and petroleum refineries, showed declines with the preceding month, gains in the prices for fruits in pay-roll payments. 6

WHOLESALE PRICES FOR SPECIFIED COMMODITIES

{Relative numbers, 1926 monthly average taken as 100. February, 1930, is latest month plotted. Data from which these charts are drawn are given on the opposite page]

WHEAT, NO.2, HARD, WINTER FLOUR, WINTER STRAIGHTS CORN, NO.3, YELLOW OATS NO.3, WHITE l60r-r--r-r--r-r--r-r-1r-r-1;--, 140H-H-H-I--+--'I--+--'H ...... · ······ ..... 1'- ...... •''!'••• ••• ...... I OOH-H-f--1-f--1-f-1-H .... 80 , ••.••.•• ~~ ~··············· r- . ··· ...... ··· ...... ·· so~~L....L.__~L._L_jL..J CATTLE, STEERS BEEF, CARCASS HOGS, HEAVY HAMS, SMOKED 180.-.--,---,---r-+--,---,---,--1r-r-1

160 1 •' ,., ! I ! I 140 ••••••• ···; •• I ...... j ...J ...... ~.... i''• ••. ·~ ···· 1201-+-1--1-l--+-1--1-1-+-!-- ... I OOH-t--+-H-1--+-1--+-f-- ·· J...... • ••• 1 •• 801-+-!--!--l--+-t--+--l--+-!--

60"-~L....L.__L....L..__l...... J__l...... J__L_ SUGAR, RAW SUGAR, GRANULATED RUBBER SMOKED SHEETS 120 I I I I i I 1 I i I I ! I I I I 100 ...... I... .. 5r-r-~ •l ... .~ •• .,i ... p...... I I 1- ...... •. J. . ... ; ··.l ...... l...( .. ·l+· . I 80 or;;.l ...J, ... I I ... 60 I I I I I I I I I I I 5~ ''1"'1'"!"' ······ COTTON YARN

WORSTED YARNS LEATHER, SOLE, OAK 190 f. I 160 Efffi IJ i I! ll I )I I 130 ~ I ~....1) ...... ! 1 100 I'- 70 I I v'V'o --- I I COKE T ~ I T I I I I JJ... L.[ ... ±... ! ...... !...... 7 WHOLESALE PRICES FOR SPECIFIED COMMODITIES

NoTE.-Price3 to producer on farm products and market price of wool and grain prices are from U. S. Department of Agriculture, Bureau of Agriculture Economica: nonferrous metals from the Engineering and Mining Journal-Press, except tin, which is from the American Metal Market. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. So far as possible all quotations represent prices to producer or at mill.

!lELA TIVE PRICE ACTUAL PRICE (dollars) 1926 average=100 COMMOl>ITIES Unit

January, February, February, Decem-/January, Febru- January, Febru- 1930 1930 1929 ber, 1929 1930 ary, 1930 1929 ary, 1929 ------·------FAR:&J PRODUCTS-AVERAGE PRICE TO PRODUCER

Wheat.. ------BusheL •.••. 1. 075 1.013 1.042 80 80 75 73 77 Corn .• ----.----.. --.------.------.------BusheL ••••. . 773 • 774 .868 112 111 111 115 124 Potatoes...• ----•. ----.------__ ---- ____ ------__ ------__ ---- BusheL ••••• 1.378 1. 391 • 595 73 74 75 32 32 Cotton __ ------. ______------______------___ ------__ TonPound ______•••••• .158 .148 .180 106 105 98 119 119 28.95 28.89 Ill 10~ 106 140 142 Cottonseed •... ------Pound ______38.73 Cattle, beeL. ------. 0869 .0868 .0889 131 135 134 140 138 Hogs_.------Pound •• ____ .0880 .0948 . 0888 72 75 80 69 75 Lambs .. ------_------Pound ••••.. .1110 .1046 .1260 93 96 90 106 109 FARM PRODUCTS-MARKET PRICE Wheat, No.1, northern spring ()------BusheL •••• [ 1. 27 1.25 1.28 83 80 79 77 81 Wheat, No.2, red, winter (St. Louisl------BusheL •••. 1. 34 1.23 1. 40 87 86 79 92 90 Wheat, No.2, hard, winter (Kansas CitYl------BusheL .••. 1.19 1.14 1.18 81 80 77 77 79 Corn, No.3, yellow ()------BusheL ••••• .85 .82 .94 117 113 109 124 125 Oats, No.3, white (Chicago)------BusheL ••••• .45 .44 .50 110 110 107 122 122 Barley, No.2 (Minneapolis)------BusheL •••• • 58 . 57 . 70 92 91 89 103 109 Rye, No.2 (Minneapolisl------BusheL ____ . 91 . 78 1. 05 107 99 85 110 114 Cotton, middling upland (New York) ______·------Pound ______. 173 .157 .202 99 99 90 115 115 Wool,~ blood combing, Ohio and Pennsylvania fleeces (Boston) ____ Pound •••.•. .38 .36 . 55 89 83 78 120 120 Cattle, steers, good to choice, corn fed (Chicago) ______Cwt ______12.469 12. 531 12.063 127 131 132 142 127 Hogs, h·eavy (Chicago).------______9. 613 10.406 77 78 74 82 Cwt.Cwt______------10. 125 84 Cwt______6. 263 5.175 7. 719 75 95 79 127 117 ~g~:g; f:r::~i ?2~i~~~oi.:-~ =:::::: =:::: ==: =: ======: =:::: ::::::::::::: 12.675 10.438 15.594 88 93 76 114 114 FOOD Flour, standard patents (Minneapolis) ______BarreL _____ 6. 750 6. 388 6. 813 82 80 76 75 81 Flour, winter straights (Kansas Cityl------BarreL _____ 5. 844 5.631 5. 725 82 81 78 76 79 Sugar, 96° centrifugal (New York).------Pound ______. 037 . 037 .037 87 86 86 88 86 . 051 91 93 92 89 Sugar, granulated, in barrels (New Yorkl------PoundPound.----- ______.049 .049 90 Cottonseed oil, prime yellow (New York)------.084 .084 .109 74 71 71 87 92 Jleef, fresh, carcass, good native steers (Chicago) ______Pound ______.240 .236 .209 146 146 144 146 127 Beef, fresh, carcass, steers (New Yorkl------Pound ....•. . 235 .223 .216 138 138 130 144 126 Pork, smoked hams (Chicago)------Pound.----- .239 .252 .231 70 78 82 76 75 Pound ______. 37 91 82 107 Ill Put.ter, creamery, 92 score (New Yorkl------Pound ______. 36 .50 80 Oleomargarine, standard, uncolored (Chicago) ______• 235 .235 .235 103 103 103 103 103 TEXTILES Cotton yarns, carded, white, northern, mule spun, 22-1-cones (Boston). Pound ..•••• . 323 95 90 107 104 Yard ______. 310 .372 87 Cotton-print cloth 64 x 60-38~"-5.35-yards to pound ______.068 . 065 .075 92 90 86 101 100 Cotton sheeting, brown 4/4 Trion (New York) ______Yard ______• 083 .079 . 089 91 89 85 97 96 Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston) ______Pound ....•• 1. 375 1. 350 1. 575 98 96 94 110 110 Women's dress goods, French, 39 inches, at mil1s, serge ______Yard ______. 975 94 94 94 94 Yard ______. 975 . 975 94 Suitings, unfinished worsted-13-ounce, milL.------1. 838 1. 800 .2008 95 92 90 100 100 Suitings, serge, 11-ounce, 56--58 inch ______Yard ______j 1. 959 1. 949 41.959 90 90 90 92 90 Pound ______: 4. 630 4. 433 . 5096 74 75 72 81 82 ~~~ie~~-:'~~,~~~~-iitire-sifJ{;ffiiiC::::::::::::::::::::::::::::::::::: Dozen pair.-1 9. 000 9.000 9. 500 78 78 78 82 82 LEATHER I Hides, green salted, packers' heavy native steers (Chicago) ______Pound ••.... .163 .148 .153 114 116 106 146 109 Hides, calfskins, No.1, country, 8 to 15 pounds (Chicago) ______Pound ______.176 .164 .171 101 102 95 126 98 Leather, chrome calf, dull or bright "B" grades (Boston) ______Square fooL .460 .4.60 .510 106 102 102 117 113 I-eather, sole, oak, scoured backs, beavy (Boston) ______Pound_·-----~ . 495 .490 . 570 119 113 112 135 130 Boots and shoes, men's black calf, blucher (Massachusetts) ______Pair ______6. 750 6. 750 6. 750 106 106 106 106 106 Boots and shoes, men's dress welt tan calf oxford (St. Louis) ______Pair ______,I 4. 850 4.850 4. 850 100 100 100 100 100

FUEL I Coal, bituminous, mine-run (composite pricel------Net ton _____ I 3. 969 3. 951 4.029 92 92 92 94 93 Coal, bituminous, prepared sizes (composite price)------Net ton _____ 4.476 4.450 4. 592 94 93 93 95 96 Coal, anthracite, chestnut (composite price)------Lon!( ton ____ 13.033 13.033 13.107 94 95 95 95 95 Coke, Connellsville (range of prompt and future), furnace-at ovens. Short ton. __ 2.588 2.600 2. 963 64 63 63 67 72 Petroleum, crude, Kansas-Oklahoma-at wells______BarreL .•.•. 1. 229 1.181 1.110 69 65 63 63 59 METALS Pig iron, foundry No.2, northern (Pittsburgh)------Long ton ____ 20.260 20.260 19.260 98 98 98 93 93 Pig iron, basic, valley furnace __ ------Long ton ____ 18. 500 18.500 17. 500 100 100 100 94 94 Steel billets, Bessemer (Pittsburgh) ___ ------Long ton ____ 34.000 33.000 33.250 99 97 94 9~ 95 Copper ingots, electrolytic, early delivery (New York)------Pound ••.••• .1778 .1778 .1773 129 129 129 120 128 Brass, sheets, milL ______• ______------Pound·--"-- . 233 .233 .224 122 122 122 112 118 I,ead, pig, desilverized, for early delivery (New Yorkl------Pound ______.0625 . 0624 . 0685 74 74 74 79 81 Tin, straits (New Yorkl------Pound ••.••. • 3891 .3867 . 4937 61 60 59 75 76 Zinc, slab, western (St. Louisl------Pound ______.0523 .0518 .0635 77 71 71 87 87 BUILDING MATERIAL AND MISCELLANEOUS Lumber, pine, southern, yellow flooring, mill.------M feet ______37.220 37.390 36.890 84 83 83 81 82 Brick, common rod, domestic building (New Yorkl------Thousand••• 10.500 10.500 11.500 61 64 64 70 70 Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district) •• ------._---_____ ------BarreL ••••• 1. 576 1. 617 1. 650 89 90 93 90 95 Steel beams, mill (Pittsbnrghl------Cwt. ______1.900 1.800 1. 900 97 97 92 97 97 Rubber, smoked sheets (New Yorkl------Pound.----- .150 .158 .239 33 31 33 41 49 Ton______107 Sulphuric acid, 66°, (New Yorkl------Cwt ______15.500 15.500 15.500 107 107 107 107 Newsprint, rolls, contract, mill·------3.250 3.250 3.250 ~4 94 94 94 94 8

MEASURES OF INDUSTRIAL AND COMMERCIAL ACTIVITY

[Relative numbers, monthly average 1923-1925, taken as 100] •

\

_._TOTAL AUTOMOBILE PRODUCTION (UNITED STATES'

250

CHECK PAYMENTS <141 CENTERS!

...... •. . . DEPARTMENT STORE TRADE~ • .... :...... : ...... : 9 REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES Cotton finishers reported larger billings than during the previous month, although fewer than during Imports of wool during February were smaller than February, 1929. New orders and shipments, however, during either the previous month or the corresponding were smaller than during either prior period, while month of last year. Wool consumption was smaller stocks of finished goods, in the hands of finishers, at than during either prior period. Prices for wool and the end of February were lower than at the end of yarns averaged lower than in either the previous month the previous month or the corresponding month of or the same month of last year. last year. Exports of cotton during February declined sea­ Imports of silk were slightly smaller than during sonally from the previous month and were substan­ either the previous month or the corresponding month tially smaller than a year ago. Consumption of cotton of 1929. Silk deliveries to consuming establishments by domestic mills also declined from both prior periods. were smaller than during January but larger than a Stocks of cotton held at the end of February at mills year ago. Stocks of silk at warehouses at the end of

WOOL CONSUMPTION AND IMPORTS

[Relative numbers, monthly average 1923-1925 taken as 100. Curve covering imports of wool is plotted from 12 months' moving monthly average plotted on the end month]

180 ,------.------,------.------.------,------.------.-~~

WOOL

\~IMPORTS \ \ CONSUMPTION

and in public storage were substantially greater than February were considerably greater than a year ago. a year ago. Cotton prices were lower in February Silk looms and spindles were more active during than in either the previous month or the same period February than in either the preceding month or the of 1929. corresponding month of last year. Prices for raw Cotton machinery showed a decline in activity in silks ranged lower than during either prior period. February as compared with both prior periods. The Rayon imports were lower than in either prior production and shipments of cotton textiles were also period. Rayon prices showed no change from the smaller than during either the previous month or the preceding month but were lower than a year ago. corresponding month of last year. Stocks of cotton Shipments of pyroxylin-coated textiles were almost textiles at the end of February, on the other hand, as great as during the previous month but much were considerably larger than a year ago. smaller than during February, 1929. 103010-30--2 10 METALS and shipments of steel barrels, on the other hand, were The production of pig iron in February exceeded substantially greater than during either the previous that of the previous month but was 11 per cent smaller month or February, 1929. New orders for steel boilers than during February, 1929. More furnaces were in were smaller both in number and in the area of thmr blast at the end of the month than at the end of heating surface than during either the previous month January but a decline was registered from a year ago. or the corresponding month of last year. Shipments The production of steel ingots was substantially of cold-finished steel bars were larger than in Janu­ greater than during the previous month but declined ary but showed a decline from a year ago. Iron from a year ago. Unfilled steel orders at the end of and steel exports were smaller than during either prior February were larger than at the end of either the pre­ period. vious month or of February, 1929. Shipments of all types enameled-iron sanitary ware The output of steel sheets by independent mills was were larger than during the previous month but smaller smaller than in January due entirely to the shorter than a year ago, while new orders for lavatories and month, the ratio of production to capacity showing an sinks were greater than both prior periods. New

COPPER PRODUCTION, EXPORTS AND STOCKS [Relative numbers, monthly average 1923-1925=100. February, 1930, is latest month plotted] ISO

COPPER

EXPORTS, REFINED

.:·. . : ~ ......

increase; the steel sheet output, however, was sub­ orders for foundry equipment were considerably larger stantially lower than during February, 1929. Stocks than during January and almost as great as in Febru­ of sheets, in the hands of manufacturers at the end of ary, 1929. Sales of mechanical stokers were likewise the month, were greater than a year ago, while unfilled greater than during the previous month but somewhat orders declined. Wholesale prices for steel averaged smaller than a year ago. lower during February than during either prior period. The production of copper and zinc was smaller than The production of steel castings was only slightly during either the previous month or the corresponding less than during the previous month and was sub­ month of last year. The output of lead, on the other stantially larger than a year ago. The malleable-cast­ hand, exceeded that of either prior period. Stocks of ing output, on the other hand, exceeded that for Janu­ refined copper and zinc were substantially greater than ary but was smaller than during February, 1929. New at the end of January or the corresponding month of orders for both steel and malleable castings were larger 1929. Copper prices were unchanged from the pre­ than during the previous month but smaller than a vious month and were slightly higher than a year ago. year ago. Prices for zinc and lead, on the other hand, showed New orders for fabricated-steel plate were consider­ fractionally declines from the previous month and were ably smaller than for either prior period. Production considerably lower than during February, 1929. 11

FUELS Production of pneumatic tires was slightly larger than during the previous month. Production of bituminous coal declined seasonally and was also smaller than during February of last year. HIDES AND LEATHER Exports showed a decline from both prior periods. Imports of hides and skins were smaller than during The output of anthracite coal was also smaller than the previous month but substantially greater than in during either the previous month or the corresponding February, 1929. Production of sole leather also de­ month of last year. Bituminous-coal prices declined clined from the previous month but was larger than a from both prior periods. Anthracite-coal prices, on year ago. Exports of sole and upper leather were the other hand, were unchanged from the previous smaller than during either prior period. Prices of month and only slightly lower than a year ago. Pro- hides and leather were generally smaller than during duction of coke, both bee-hive and by-product, was either the previous month or February, 1929. Pro­ smaller than during either the previous month or the duction of shoes, despite the shorter month, was only corresponding month of last year. Exports of coke slightly smaller than in January. Shoe production were also lower than in either period. also declined from the corresponding month of 1929, PRODUCTION AND STOCKS OF GASOLINE [Relative numbers, monthly average 1923-1925 taken as 100. January, 1930, is latest month plotted] 240 r------~------~------,-G__ A_S_O_L __ IN-E~·~----~-l-­

PRooucTJON ~

100~------~~~~~-----4----~-4----~~--~--~--~~-+--~ STOCKs-\;

AUTOMOBILES AND RUBBER exports likewise being lower than for either prior Automobile production in February showed a sea­ period. Shoe prices were unchanged from either the sonal increase over the previous month but was 30 per previous month or February, 1929. cent lower than a year ago. The Canadian output PAPER AND PRINTING showed a similar comparison with both periods, the Imports of wood pulp were, in most instances, greater decline from last year's level being even greater than than during the previous month and in every instance in the United States. Domestic exports from the greater than a year ago. The domestic production of United States were lower than in either prior period, newsprint paper was smaller than in January due an increase from January in exports of passenger cars largely to the fewer working days but~exceeded that being more than offset by a decline in exports of trucks. for February, 1929. The Canadian output showed a Canadian exports were larger than in January but similar trend. Stocks of newsprint at the end of much smaller than a year ago. February were slightly larger than at the end of the Imports of rubber were smaller than during either previous month but considerably smaller than a year the previous month or the corresponding month of last ago. Canadian stocks, however, exceeded those at the year. Rubber stocks both in the producing countries end of either prior period and publishers' stocks while and in the United States, on the other hand, were con­ smaller than at the end of January were larger than a siderably larger than during either prior period. year ago. 12 BUILDING AND CONSTRUCTION also smaller than for either prior period, but shipments Building contracts awarded during February were of oak flooring exceeded those in January and were smaller than during either the preceding month or the almost as great as during the corresponding month of corresponding month of last year. Building costs 1929. Stocks of maple flooring were greater and those showed only slight changes from either prior period. for oak flooring smaller than those for either prior Fire losses in the United States and Canada were period, while new orders of both types showed declines smaller than during either the previous month or the both from the previous month and the corresponding corresponding month of last year. month of last year. LUMBER STONE, CLAY, AND GLASS PRODUCTS Production of lumber was generally lower than in Shipments of common brick were substantially either the previous month or the corresponding month larger than during the previous month and a year of last year, slight increases for January being recorded ago. Stocks and unfilled orders exceeded those in the case of California white pine and northern at the end of either prior period. Prices were

THE AUTOMOBILE AND RUBBER INDUSTRIES [Relative numbers, monthly average 1923-1925 taken as 100. Where available, February, 1930, is latest month plotted]

AUTOMOBILE PRODU TION ·~ ;\ f \

30 ol·d, 1923 1924 1925 1926 1927 1928 1929 1930

""" ~~--4----4----+----+----+----+----~--~

300~--4----4----+----+----+----+----~--~

200

160

100 I'll\ 'Jj V'> ' ~I ~ 40160f-----I--"-t-----1 I i'""'J'o Tl£~~-.. -,.. -. I] 301 1930 1923 1924 1925 1926 1927 1928 1929 1930 pine, while the output of California redwood ex­ the same as in January but lower than a year ago. ceeded that of a year ago. Lumber shipments, on the New orders and shipments of porcelain-plumbing other hand, were generally larger than during the fixtures were considerably less than during either of previous month but smaller than a year ago, declines the previous month or of February, 1929. Unfilled from January taking place only in the case of northern orders were slightly larger than during the previous hemlock and walnut, while only California redwood month but less than a year ago, while stocks were at a was shipped in larger quantities than in February, lower level than at the end of either prior period. 1929. Unfilled orders for lumber were smaller than New orders for terra cotta were considerably smaller during either prior period, except in the case of Cali­ than during either the previous month or the corre­ fornia, redwood for which the unfilled orders were sponding month of 1929. The production of plate larger than at the end of the previous month. glass likewise declined from both prior periods. Pro­ The output of flooring was less than during the duction of roofing felt was smaller than during either previous month, that of maple flooring also being less the previous month or February, 1929, while stocks than a year ago. Shipments of maple flooring were exceeded those at the end of either prior period. 13 FOODSTUFFS beef, under Federal inspection, was less than for either The visible supply of wheat in the United States prior period and cold-storage holdings, although and Canada at the end of February declined seasonally greater than February, 1929, were less than at the from the previous month but considerably exceeded end of the previous month. Beef prices were uniformly the supply at the end of February, 1929. Wheat higher than a year ago. receipts, while somewhat larger than during Janu~ry, Receipts of hogs at the primary markets were smaller were considerably less than a year ago, shipments than during either the previous month or the cor­ being less than for either prior period. Exports of responding month of 1929. The output of pork, wheat from the United States declined from the pre­ under Government inspection, was also less than· for vious month but were substantially greater than a either prior period. Cold-storage holdings of pork, year ago. Exports of Canadian wheat, on the other while 15 per cent larger than at the end of January, hand, were larger than in January and less than for were 20 per cent less than a year ago. Prices showed the corresponding month of 1929. Wheat prices uniform advances both from the previous month and declined from both prior periods. from February, 1929.

MOVEMENT OF GRAIN PRICES [Weighted price per bushel. February, 1930, is latest month plotted]

.,. ,,,,,,.I

CORN NO. a YELLOW, CHICAGO 1~,------,,------,,------,.-----r-.------.------.------.------.------.------.

g0.60 ..... ' If- ~ 0.40 ~r. I I _I L I J _I I a: OATS NO. a WHITE, CHICAGO ~1.00.------,.------,,------,,------,~------.-~~~.------.------,.------.------. ~MO~----~~----~L-----~~-----4~----r-~----~~----~~------~------~----~ ~go~~----~~-----4~-----4~----~~------~------~------~ ...~·~·~~~L-~------~----~ - ...... ll. .... •.• ~ ••••..•• ...... : ...... •. . ·: ..·~·· ··· ~ .. . . :~ ······· ·•·····.. ···· .. ··--· ~. 0.40 .. ··...... ····· ... ···. ••• ··•··· •·. •• .. . .. •... ,...... ••..... •• •..• ••• ··••••••••••• 't:·

0.20 I I I I I I I I I I I I ,I I I I I I I I I I I I I I I I I I

The visible supply of corn was substantially greater Receipts of sheep, while slightly less than during the than at the end of the previous month but less than a previous month, were greater than a year ago, local year ago. Receipts and shipments of corn at the slaughter showing a similar tendency. Cold-storage principal markets were less than in January and prac­ holdings at the end of February were greater than at tically the same as during the corresponding month of the end of either prior period, and prices showed a last year. Corn prices declined from both prior peri­ corresponding decline both from January and from ods. The visible supply of barley exceeded that at the corresponding month of last year. Receipts of the end of January but was less than a year ago. The poultry declined seasonally from the previous month visible supply of oats, on the other hand, declined from but were larger than at the end of February, 1929, the previous month but exceeded that of February, cold-storage holdings showing a similar trend. 1929. Receipts of butter were slightly less than during Receipts of cattle and calves at the principal markets, either the previous month or during February, 1929. while less than during January, were larger than for the Cold-storage holdings, while continuing to decline corresponding month of last year. The output of seasonally, were almost three times as large as a year ago .. 14 As an apparent result of the large holdings, butter tising exceeded that of the previous month but was prices continued to decline, being 28 per cent lower slightly less than a year ago. Newspaper advertising, than in February of last year. on the other hand; was less than for either prior period. Cheese receipts were sHghtly lower than during Postal receipts at the 100 largest cities were less than either the previous month or February, 1929. Cold­ during either the previous month or the corresponding storage holdings were also lower than at the end of month of last year. either prior period. Receipts of eggs were larger and cold-storage holdings smaller than for February of BANKING AND FINANCE last year. Check payments ooth inside and outside New York Sugar imports from foreign countries were smaller City were smaller than during either the previous and those from Hawaii and Porto Rico larger than for month or the corresponding month of 1929. Loans either the previous month or the corresponding month and discounts of Federal reserve member banks con­ of last year, the total imports being larger than in tinued to decline from recent levels but exceeded those January but smaller than a year ago. Sugar stocks at the end of February, 1929. Brokers' loans, while at refineries continued to decline but were 50 per cent much less than a year ago, were larger than for any greater than at the end of February, 1929. Prices month since October, 1929. Except for 90-day time were generally slightly less than for either prior loans, interest rates were generally lower during period. The visible supply of coffee was larger than February than during the previous month and were at the end of either prior period. Imports also almost uniformly lower than a year ago. exceeded those both for the previous month and GOLD. SILVER, AND FOREIGN EXCHANGE February, 1929. Coffee prices were fractionally higher than during January but continued far below last Receipts of domestic gold at the mint, while less than year's price level. in January, were considerably greater than a year ago. The Rand output also declined from January but was TRANSPORTATION fractionally greater than during the corresponding Freight-car loadings showed a gain over the previous month of 1929. Gold imports during February greatly month's total, all classes except livestock, fuel, and ore exceeded those for either prior period. participating in the increase. Car loadings were sub­ Silver production both in the United States and stantially less than a year ago, however, each of the Canada was smaller than during the previous month, classes of commodities showing smaller loadings than that of the United States being smaller and that of in February, 1929. Clearances of vessels engaged in Canada greater than during February, 1929. Silver foreign trade werG smaller than during the previous imports and exports were smaller than for either prior month but larger than a year ago. Unfilled orders for period, while stocks of silver in the United States were railway locomotives, while less than at the end of considerably greater than at the end of either the January, continued well above last year's level. New previous month or the corresponding month of last contracts for concrete pavements exceeded those of the year. The prices of silver showed a corresponding previous month, and their area was more than double decline from both prior periods. that for February, 1929. Rates for foreign exchange were generally lower than during the previous month, the only exception being DISTRIBUTION MOVEMENT in rates with Canada and Brazil. As compared with a Sales by mail-order houses were slightly larger than year ago, on the other hand, rates with England, in January and slightly less than a year ago. Sales Sweden, Switzerland, and Japan showed increases, by 10-cent chain stores, on the other hand, were while rates with India, Canada, and South American greater than for either prior period. Magazine adver- countries declined. 15 INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production, prices, trade, etc., by commodities or groups. They consist in general of weighted combinations of series of individual relative numbers; often the individual relative numbers are also given. The function of index and relative numbers is explained on the inside front cover. All of the index numbers, except where noted, are based on the average of the years 1923 to 1925, while maxima and minima are given only since 1923, thus eliminating the abnormal period prior to 1923. Complete descriptions and figures for earlier years may be found in the following issues of the Survey (later data being available in the latest semiannual issues): Production in the July, 1928, issue (No. 83), pages 18 to 22; stocks in the August, 1928, issue (No. 84), pages 20 to 22; new orders in the September, 1928, issue (No. 85), page 19; unfilled orders in the January, 1928, issue (No. 77), pages 22 and 23; wholesale trade in the January, 1928, issue (No. 77), page 21; mail-order and chain stores in the May, 1928, issue (No. 81), pages 20 and 21; department stores in the April, 1928, issue (No. 80), pages 20 and 21; employment, based on 1923 as 100, in the August, 1928, issue (No. 84), page 108; farm prices in the August, 1928, issue (No. 84), page 27; wholesale prices (Department of Labor) in the November, 1927, issue (No. 75), page 24, and the June, 1928, issue (No. 82), page 23; wholesale prices, commercial, in the August, 1928, issue (No. 84), page 26; cost of living in the August, 1928, issue (No. 84), page 27, and the June, 1926, issue (No. 58), page 24.

1929 PER CENT INCREASE ( +) 1930 OR DECREASE (-) Maxi· Mini· mum mum Relative to 1923-1925 monthly averalfe as 100 since since 1an.1, 1an.1, I February, February, January Febru-~ Novem Decem- Febru· 1930, from 1930, from I 1923 1923 ary ber ber I January ary January, February, I 1930 1929 -·------~--- --

PRODUCTION I i TOTAL INDUSTRIAL Unadjusted, except for working days ___ _: ____ 125 81 116 120 108 95 103 108 +4. 8 -10.0 Adjusted for seasonal variations______123 83 117 117 106 99 103 105 +I. 9 -10.3 MANUFACTURING Total (adjusted for working days only) _____ 127 79 116 120 107 92 102 109 +6. 9 -9.2 Total (adjusted for seasonal variations) _____ 128 82 117 116 ' 105 96 102 105 +2. 9 -9.5 Iron and steeL __ ------155 59 117 126 100 90 99 118 +19. 2 -6.3 Textiles------Food products ______121 77 116 113 108 96 103 98 -2.6 -13.3 llO 90 103 101 96 95 96 94 -2.1 -6.9 I Paper and printing ______128 91 I 123 123 123 120 120 ------Lumber------110 78 89 79 ------Automobiles ______166 47 150 148 81 49 102 103 ------+1.0 ------30.4 Leather and shoes ______134 86 95 98 105 93 95 94 -1.1 -4.1 Cement, brick, and glass ______143 92 134 128 130 113 116 117 +O. 9 -8.6 Nonferrous metals ______137 87 124 123 119 114 105 99 -5.7 -19.5 Petroleum refining ___ ------178 84 159 160 171 166 163 ------Rubber tires ______------_____ ----- __ 169 66 148 152 93 80 107 ------Tobacco manufactures ______131 ------143 93 131 129 130 1331 131 0. 0 +1.6 MINERALS Total (adjusted for working days only) ______128 84 113 116 113 110 107 103 -3.7 -11.2 Total (adjusted for seasonal variations) ______120 90 117 120 109 116 112 107 -4.5 -10.8 Bituminous coaL ______125 77 103 110 96 102 99 99 0. 0 -10.0 Anthracite coaL------133 1 110 110 92 121 106 102 -3.8 -7.3 Crude petroleum __ ------____ 147 88 137 137 131 132 I 132 130 -1.5 -5.1 Iron-ore shipments ______143 0 ------98 Copper------139 82 129 136 118 116 101 ---95-l ------5.9 ------30.1 ZinC------127 93 100 106 105 102 103 99 ------6.6 SilverLead------______125 75 111 99 I 114 105 ------123 85 94 91 114 87 9291 r------ANIMAL PRODUCTS (Marketings) Total_. ______124 79 96 80 95 93 95 84 -11.6 +5.0 LivestockVVool------______421 14 34 14 63 70 49 38 -22.4 +171. 4 131 76 102 78 96 90 98 81 -17.3 +3. 8 Poultry and eggs------148 67 85 67 128 137 I 89 85 -4.5 +26. 9 Dairy products __ ------160 64 95 88 1 81 84 92 87 -5.4 -1.1 Fish------~------283 44 87 138 154 102 135 135 +14. 8 -12.3 CROPS (Marketinl!s} TotaL------··-_--_------252 45 113 82 155 128 79 63 -20.3 -23.2 Grains * ______------218 38 100 95 69 90 79 81 +2. 5 -14.7 VegetablesFruits * ______*___ -----______------199 60 94 96 91 77 89 93 +4. 5 -3.1 266 43 72 69 93 53 53 55 +3. 8 -20.3 Cotton products *------373 11 100 55 234 1831 76 41 -46.1 -25.5 Miscellaneous crops*------344 18 243 136 296 179 107 66 -38.3 -51. 5 I • Fluctuations between maximum and mininmm due largely to seasonal oonditions: Minerals and Manufacturing are adjusted for seasonal.variations except where >Iloted. 16 INDEXES OF BUSINESS-Continued

1929 1930 PER CENT INCREASE.(+) Maxi- I Mini- I OR DECREASE (-) mum mum 1:---~~------l----~----l------.------Relative to 1923-1925 month)T average as 100 smce since 1 Jan. 1, Jan. 1, February, February, 1923 1923 January Febru- Novem- Decem- January Febru- 1930, from 1930, from ary ber ber ary January, February, 1930 1929

--~------­ PRODUCTION-Continued

FOREST PRODUCTS Total ______Lumber ______112 62 82 75 81 70 63 -1.6 -17.3 112 59 78 75 77 65 59 :~I 0.0 -21.3 Pulpwood ______151 54 123 93 113 100 106 90 -15. 1 -3.2 Gum (rosin and turpentine)* ______--- 204 18 41 26 142 127 48 27 -43.8 +3. 8 Distilled wood ______- 148 65 104 99 101 100 104 86 -17.3 -13. 1 NEW ORDERS Total ______Textiles ______138 72 98 73 72 95 179 70 105991 99 89 73 88 LumberIron and ______steeL ___ ------__ -_ 143 71 135 132 81 101 118 141 50 80 78 63 52 50 ------~------Paper and printing ______118 85 111 113 104 92 111 ------Stone and clay products ______129 73 87 93 84 73 73 ,------STOCKS Grand totaL______158 82 1391 138 157 158 I 151 147 -2. 6 +6. 5 ----==----=--[===,[====[ Total manufactured goods______125 88 127 127 116 119 122 123 +O. 8 -3. 1 Foodstuffs______136 79 107 111 104 110 105 108 +2. 9 -2. 7 Textiles______138 78 127 127 121 i31 125 118 -5. 6 -7. 1 Iron and steeL______158 78 152 150 134 135 147 158 +7. 5 +5. 3 Nonferrous metals______181 74 124 117 148 169 180 181 +O. 6 +54. 7 Lumber______125 78 116 112 113 116 118 117 -0.8 +4. 5 Stone, clay, etc______192 64 180 185 139 161 175 179 +2. 3 -4. 2 Leather______123 66 76 73 74 75 75 73 -2. 7 0. 0 Rubber______199 77 160 178 146 144 146 148 +L 4 -16.9 Paper------156 46 145 136 90 73 72 79 +9. 7 -41.9 Chemicals and oils______137 84 126 130 124 126 130 137 +5. 4 +5. 4 Total raw materials______186 69 148 145 186 186 172 164 -4. 7 +13. 1 Foodstuffs______230 68 158 172 219 213 198 196 -1. 0 + 14. 0 Textiles______204 43 161 144 195 204 189 174 -7.9 +20. 8 Metals______136 54 89 83 122 115 100 83 -17.0 0. 0 Chemicals and oils______153 73 125 113 129 130 118 112 -5. 1 -0. 9 UNFILLED ORDERS TotaL______167 67 77 80 80 78 80 80 +O.O +O.O Textiles______154 52 75 81 55 52 55 54 -1.8 -33.3 Iron and steeL______157 66 86 87 81 87 90 89 -1.1 +2. 3 Transportation equipment______204 49 53 74 113 116 118 112 -5.1 +51. 4 Lumber______142 56 74 73 58 66 69 72 +4.3 -1.4 RETAIL TRADE Mail order houses (2 houses)______275 68 145 142 225 275 138 141 +2. 2 -0.7 I CHAIN STORES: Ten-cent______308 62 112 122 174 308 117 126 +7. 7 +3. 3 Restaurant______116 87 102 97 108 112 108 100 -7.4 +3.1 DEPARTMENT STORES: Sales______189 71 92 86 123 185 89 83 -6.7 -3.5 Stocks______117 83 89 95 115 94 88 93 +5. 7 +2. 2 COST OF LIVING National Industrial Conference Board Indexes (Relative to July, 1914) AU items weighted______172 158 161 161 163 162 160 159 -0.6 -1.2 Food (Department of Labor)______167 141 155 154 160 158 155 153 -1.3 -0.6 Shelter______186 158 159 159 159 159 159 158 -0.6 -0.6 Clothing______177 160 169 170 168 169 166 164 -1.2 -3.5 Fuel and light (combined)______179 156 163 162 162 162 163 162 -0.6 0. 0 FueL______208 174 184 184 183 183 184 -0.5 -0.5 Light ______-_ 123 118 121 120 120 120 121 121183 I 0. 0 +O. 8 Sundries ______-----_-_-______176 168 170 170 170 169 I 168 168 0. 0 -1.2

• Fluctuatwns between max1mum and mmlmum due llugel7 to seasonal conditions. 17 INDEXES OF BUSINESS-Continued

---~--~~------,------:;------~~-,------. II PER CENT INCREASE(+) 1929 1! 1930 OR DECREASE (-) ~~~ ~~z::; -- li Relative to monthly average Indicated February, February, January Febru· INovem- Decem· \C'lnnary Febru·l 19~0. from 1930, from J~iJ•~ J~i~t ary her ber 1 ' ary January, February, 1 I 1Y30 1929 ------~------:------. EMPLOYMENT* I (R lath·e to 1923--1925 monthly average as 100) Number employed, by industcies: Total, all classes ______- 106 91 97 100 98 951 93 93 o.o -7.0 Iron and steeL ______108 88 97 98 97 94 +2.2 -4.1 Machinery ______------___ ------122 88 107 110 115 109 -0.9 -0.9 Textiles ______----- ______111 84 96 98 97 1~~ Ill 1~g 93 0. 0 -5.1 Food products ______-~ 109 93 99 99 102 101 I 97 97 0.0 -2.0 Paper and printing ______107 96 103 107 107 II 105 104 -1.0 +1. 0 Lumber and products ______104 75 86 103186 88 75 -2.6 -12.8 Transportation equipment- I Group ______110 81 94 99 83 :: II :: 84 +1. 2 -15.2 Automobiles ______131 79 118 130 84 80 1 86 90 +4. 7 -30.8 Leather and products ______[ 112 88 92 94 94 90 91 92 +1.1 -2.1 Cement, clay and glass ______107 75 84 85 89 82 I 75 75 0.0 -11. 8 Nonferrous metals ______1 113 85 102 106 94 90 86 85 -1.2 -19.8 Chemicals- 1 119 90 108 111 114 112 I 111 110 -0.9 -0.9 125 95 104 107 124 121 121 0. 0 +13. 1 Rubberi?~~:J~~m-r~!f;i~g~== products ______======I -1 117 84 112 112 91 12189 I 90 88 -2.2 -21.4 Tobacco products ______109 84 84 92 96 89 84 89 +6. 0 -3.3 Amount of pay roll by industries: I Total all classes ______112 85 101 108 102 94 97 +3. 2 -10.2 99 1 Iron and steeL ______------114 77 101 107 100 94 91 98 +7. 7 -8.4 132 83 112 121 122 120 I 114 115 +O. 9 -5.0 111 77 97 104 96 94 i 92 94 +2. 2 -9.6 ~e~~hi~~~~~~~======iFood products ______------109 94 102 103 106 1 103 102 -1.0 -1.0 Paper and printing ______1o6 118 92 111 113 117 118 II u5 1 115 0. 0 +1.8 Lumber and products ______107 73 83 87 89 83 73 0. 0 -16.1 Transportation equipment- 731 Group ______117 80 94 111 89 86 81 I 90 +11. 1 -18.9 Automobiles ______----- 152 66 115 147 84 73 74 93 +25. 7 -36.7 Leather and products ______116 80 90 95 84 84 85 86 +1.2 -9.5 Cement, clay and glass ______108 79 79 81 86 80 67 70 +4. 5 -13.6 Nonferrous metals ______128 81 117 124 100 96 92 92 0. 0 -25.8 Chemicals- Group ______118 90 106 Ill 116 114 109 110 +O. 9 -0.9 Petroleum refining ______129 90 105 110 126 125 121 125 +3. 3 -j-13. 6 Rubber products ______150 82 119 146 86 85 89 92 +3. 4 -37.0 Tobacco products ______111 76 76 82 94 89 77 80 +3. 9 -2.4 WHOLESALE PRICES Department of Labor Indexes (Relative to 1926 monthly average as 100) All commodities ______~ ______105 94 97 97 94 94 93 92 -1.1 -5.2 Farm products ______114 94 106 105 101 102 101 98 -3.0 -6.7 Food, etc ______------______107 85 99 98 99 99 97 96 -1.0 -2.0 Hides and leather products ______127 98 114 109 108 107 105 104 -1.0 -4.6 Textile products ______114 88 96 96 92 90 89 88 -1.1 -8.3 Fuel and lighting ______112 79 83 81 82 81 80 79 -1.21 -2.5 Metals and metal products. ______113 97 104 104 102 102 101 101 0. 0 -2.9 Building materials ______116 90 97 98 96 1 96 96 96 0. 0 -2.0 Chemicals. ______104 92 96 96 94 94 93 92 -1.1 -4.2 House-furnishing goods. ______111 97 97 97 97 97 97 97 0. 0 0. 0 Miscellaneous ______127 79 81 80 80 79 79 0. 0 -1.2 Classified by condition of manufacture: 80 I Semimanufactured articles ______128 92 97 97 96 94 93 92 -1.1 -5.2 Finished products ______------__ _ 103 93 97 94 0.0 Raw materials ______96 1 94 93 93 --3. 1 109 92 99 981 95 95 94 92 -2.1 -6.1 Nonagricultural commodities .. ______106 91 95 94 93 92 91 91 0. 0 -3.2 Commercial Indexes I (Relative to 1926 monthly average as 100) Dun's------~ 106 85 103 103 ! 100 99 98 96 -2.0 -6.8 Bradstreet's------112 87 101 101 J 95 90 89 87 -2.0 -13.9

~-----~------'----'------''----'---'----'------"------• 8ee tables on pp, 19 and 21 of the December, 192~, issue for earlier data. 103010-30--3 18 INDEXES OF BUSINESS-Continued

11 1929 1 1viaxi- i Mini· :1 mum· Relative to monthly average Indicated since ~:;: ,- 1- i 1 Jan.l, February, 1923 J~~2f· :I January! Febru- l Novem· 1930, from : ary 1 ber January, 1930 1 1----1------PRICE INDEX NUMBERS il I FARM PRICES l'I 'I q (Relative to 1909-1914 average as 100) I 152 125 133 136 -3.7 178 108 115 123 -6.5 All gGr~l~;~-----~~==Fruits and vegetables ======______======~ : Meat animals ______253 108 109 111 m +51. 4 167 98 146 150 u~ u~1~ a~l~ ~~:l 1M 1W 100 +27 0. 0 Dairy and poultry ______166 122 149 148 157 157 1461 136 -6. 8 -8. 1 Cotton and cottonseed ______252 81 148 149 132 130 128 121 -5. 5 -18.8 Unclassified ______. 108 79 92 91 90 87 87 I 84 - 3. 4 ------'-- ______l~ _____L __ .___ . ----~----- PASSENGER-CAR AND MOTOR-TRUCK REGISTRATIONS

~-TE----~~1~- _1916 ~~-1917 ~~~--~9~~--~0--l--1921 1---19?~ __ 1923 19~4 192-l 19?6 1--~~-'---~~---~~- 1 Aiabama .• ______11, 6:l-l 21 636 32 873· 46 1711 :38,898 74, 637i 82, 3661' 90,0521 126,642 L37, 262!1 --1~4, 5soJ 225,9301 243, 539! 269, 519! 285.533 Arizona______7, 753 12; 300I 19; 8901 23:9051 28,9791 34, SOli 35,611 3S, 0341 49, 175 57,828 68,029 73,682 81, 047) 94,372 109, Ol:J 1 1 Arkansas.------8, 021 15,0001 28, 6931 41,458 49, 450 .59, 082l' 67,408: 84, 5U6, 113, 300 141, 983· 18:;, 589; 209, 4191 206, 568, 214, 931~ 233. 128 California __ ------163, 797 232,4401. 306, 916! 407, 7611477, 4501 583, 623 680,6141 861. 807i 1, 120 •• 2 ~,3 I, 31~. 3941 1, 440, 541' 1. 600, 475' I. 693, 195: 1, 799, 890, I, 974. 341 Colorado .. ------28,894 43,296: 87, 460! 83,241 104,8651 12fJ, 255! 145,7391 162,328 10 8 9 , 61 213,2471 240, 097i 2-!3 6131 268,492: 284, R67: 303, 489 1 co:!ccticut.------41, 121 56, 048! 74, 6451 86, 067 102, 410! 119, 134i 134, 1411 152, 977 181, 748 217, 236t 250, 6691 ?63' ''35! 281, 521: 309, 7921 328, 063 Delaware______5, 0521 7,102 10,7001 12,955 16, lf\21 18, 300; 21,4131 24,560 29.\177 35,1361 40, 1401 -44: S34 47, 124, .51, 210: 54.960 Dist. Columbia____ 8, 009 13,118 15. 493• 30,4901 35, ·100 :H, 161' 40,625 .52, 792 74,811 88,762 103, 092j 111, 497' 111, 680; 126, 556' !51, 450 Florida______10,850 20,718 27,000: 54, 186! 55,400 73.914 97,957 116, 170 151,990 195, 1281 286,3881 401,561 394,734: 352, 96( :l43. 977 Georgia______25,000 46,025, 70,324[ 104,6761 137,0001 146,000' 131,976 143,423! 173.889 207,6881 248,093 277.468' 300,635' 318 856! :358.905 1 1 1 1 1 Idaho_ ------1 7, 071 12, 999: 24, 731! 32, 289 42,220 _.~o._ 8611 M, 294! .53, 874i f>2, 379 69, 221\ 81, 506' 94. 760! 101,336 108: 1541 llb, 074 fllinois ____ ------180,832 248,429\ 340, 292! 389, 620 ·!78, 438 i-158. 924 663, 3481 781, \J74 \169, 331 I, 119, 236• 1, 263, 1771 I. 370; 503. 1, 438,9851 1, 504, 3691 1, 61f>, 088 Indiana ______---~ 96,91.1 139,0651 192, 1941 227,160 227,255 1 333,067 400, 312i 469,9391 583,342 651, 70.5 725, 410! 772,3261 813,6371 823, 806· 866.715 1 1 Iowa ______145,109 198,5871 254,462: 278,313 364,0431 437.3781 461,0841 500,158 571,061 616,128! 659,202!_ 698,!198' 704,203! 73:1,466! 784,450 Kansas ______------72, 520 112, 122 159,3431 189, 163 228, 600 3?4, 1591 289, ,)391 327, 194 3i5, .194 410,891 457, 033' 491, 276! 501, 90li 533, 7nv 581. 223 1 1 Kentucky_------19,500 31, mo; 47, 420· 65,884 90, oosl !l2, 683i 1~~· so~ 154, 021i 198,377 229, 80!1 261, 647! 281, 5n7: 285, 021! 304, 23Ii 332.848 Louisiana ______! 11,380 17, OOO: 28,394.1 40,000 51, OOOI' 73, 000• 11, 88;, 1 102,284: 136,622 178,0001 207, 000· z:w. 500i 255, 000· 264, 293; 280. 868 Maine______21,545 30, 972i 41, 499j 44,.1721 53,425 62,0071 77,527 92,5391 108,609 127,508 140, 4U\li 1fil, 486: 163,6231 172, 638[ 184. 506 Maryland______31,047 44, 245! 60, 943l 74, 5661 95, 6341. 102,841 136, 249 165, 624 169, 3iil 1~8. 4631 234, 2471 2-5~. 832 276,8631 285, 311i 319,873 Massachusetts_____ 102, 633 136, 809i 174, 274 193,497 247, 182 274.498 360, 732 1 38<>, 2:31 -!81. 150 570. 578, 646, 1.>3i 690. 190.1 U94, 107, 726, 293; 817, 704 1 Michigan ______114,845 160, 052! 247, 262, 1251 325, 8dl 412, 717i 476,452 578,210.1 7:l0, 658 867, 5451 V89, 010: I, 118, 78i\i I, 154, 773! 1, 249. 221! 1, 395, 102 Minnesota ______006~ 93, 26!1 46, ooo, 54, ooo: 204,458 259, 741 324, 166i 323,475 3so. 557 Hs. 187 so3, 437, ;;Go, 694i 630,2851 64t; •. 68·z_ 673, sn: 73o, 399 Mississippi______9, 669 25, ooo' 36, 600'I 48, 4oo 5\l, coo, 68. 486i 65,039 77, 57ll1 104, 286 134, 680i 111, 262! zos, 2001 218 0431 246, 212 2w, ou MissourL ______1 76,462 103, 587! 147, 528 188,040 244, 3631 297, oo81 346, 437 392. 523 476, 598 540, soot 604, 160 654, 5541 682, 419: 712, 965: 755,680 Montana ______14,5-10 25, 105 ·12, 749. 51,053 59, 324l' 60,6501 58,785 62,650 73,828 79,695\ U4, 6.56 103,958, 112,735 12<1, m5! 140.387 1 1 1 1 Nebraska ______Nevada ______59,000 101, 200: 148, 101i 173, 374 200. OOOj 219, 000, 238, 704 256, 654 ~86, 053 308, 7151 338, 719i :;66, 773~ :!73, 912i 3\ll. 3M: 418, 226 2,009 4, 9191 7,160:1 8, 159 \1,3051 10, 464! 10,821 12, 116 15,699 18, 118i 21, 169j 24,0141 25, 776, 27, 376j 31,915 New Hampshire __ _ 13,449 17 '08 "2 267 24 Sl" 31. 62f>, 34.680: 42 039 48 406 59 604 71.119' 81 498. 89 001' gr. 006' 102 644 1 108 880 Now JerscY---··--- 81,848 109 ;, 14 1_ 111: otsj 155; s1!J 190, 873i 221,7371 212:994 342; 286 430; 9.58 504,470\ 5so: r.54i 551: 396: 75s: 43o l 832:332 New ______4 m: 11~: 5,100 8 228. 14, 0861 17, 647 18, 0821 22, 100; 22, 559 25,473 32, 032 41, 61l,01 49, 1l f M. \J96[ 59, 291: r..;, 737 78, 374 i I I I I i I : New York ______255,242 314, 222; 406, 016i 459,288 566, 511] 676. 205! 812,031 1, 002,2931 1, 204,213 1, 412.8791 I, 62.5, 5831 1, 815, 434! 1, O:J7, 918 2, 083,9421 2, 263,259 1 North Carolina ___ _ 21,000 33,9041 55, 950i 72,313 109, 017i 140,8601 148.627 182, .55DI 246,812 302,2321 340,2871 385,0471 430, 499l 464,3761 483,602 North Dakota ____ _ 24,908 40,446 62, 993j 71,678 82,885 90,840: 92.644 99, Oo2j 109, 2M 117, 346'1 144,972: 157,822 160,701 173,525 188,046 Ohio ______181,332 252,431 346, 7721· 412,775 511, 031i1 621, 390j 720,634 858, 716l 1, Ofl9,100 1, 241,600 I, 346,400\ 1, 480,246, 1, 570,734 1, 649,699 I, 766,614 ·Oklahoma ______25,032 52, 718 100, 199 121, 500 144, 5001 212,8801 221, 300 249, 6591 307, 000 369, 9031 424, 345; 499,9381 503 1261 529,843 570, 791

Oregon.------23, ss.> 33,917 48,632 63,324 83.3321 103, 790~ 118, 198 134, 1251 165,962 192,6151 210,5531 233,.5681 244,572. 248, ns 26n. 001 Pennsylvania ______160, 137 230, 578· 325, 1531 394, 186 482, 1171 570, 164j 689, 589 829, 737 I, 043, 770 1, 228,845 1, 330, 433! 1. 4.i5, 1841 1, 534,9151 1, 642,20711, 733.283 Rhode IslamL. ___ _ 16,362 21, 4061' 37, 046 36, 218 44, 8331· 50, 477; 54, 608 66, 0831 76, 312 95,482 101, 756! 110, 7461 118,014 1 125,698 134,009 Sooth Carolina ___ _ 15, 000 25,0001 38, 332 5.5, 492 70, 143, 93, 843i 18199., 82~.641 95,2391 127,467 161, 753 168,496: 181, 189 199, 635 216, 805• 231, 274 South Dakota ____ _ 28,7241 44,271 67, 158 90,521 104, 628! 120,395: 125,2411 131,700, 142, 396<1 168, 028! 168,2301 169,5.12\ 191,3741 204, 199 Tennessee ______7, 6tsl 30, oool 48, ooo 63, ooo 80, 122i 101, 8szl ll7, 025' 135,7161 ti3. 365. 204,680 244,6261 279, 639! 294,5571 322, 137' 362.431 Texas ______--- __ 40,0001 125, ooo,1 192,961 251, 118 331, 310• 427, 693i 467,616 1 526,2381 688,233, 801,8331 975,08311,049,86911, 111,40711,214,29711,348, 107 Utah.------·-·---- 9, 1771 13,5071 24,076 32,273 3.1, 2361 42,6161 47, 48f.t 49, 1641 59,525 68,3161 73,427 85,380 93,974 98,5411 112,661 Vermont- ______11,4991 15, 671 21,633 22, 553 26,807 31, 625 37,265, 43, 881 52, 776 61, 1791 69, 576, 74, 06.~1 79, 527 86, 231\ 93,030 Virginia_------___ _ 21,3571 35,426, 5.5, 661 72, 2281 94, 100 115,470 139, 200, 168,0001 218,896 261,945 282,6501 322, 6141 337,607, 360, 545, 387, 205

! I I I ' 1 Washington______38,8231 60,734 91,337 117,278 148,775 173,9201 185,359 210, 716j 258,264 295,4431 328,442: 363,279 384,583 402,875 I 442,341 1 1 1 West Virginia._--- 13, 2791 20,571, 31, 300 38, 750 50, 203 80, 6641 93, 940' 112, 763l 157,924 191,085 217, 5891 227, 8361 245,8191 251,556 268,888 Wisconsin______79, 741 115, 645l1 158, 637 196, 253 236, 290 293, 2981 341,841, 382, 542 457, 2711 .125, 2211 594, 386. 662, 282: 698, 289 742, 135 793, 502 Wfoming ___ ------3, 976 7, 125 12, 523 16, 2001 21, 37111 23,926 26, 866, 30, 6371 39,8311 43, 639 47, 711 49,8831 51, 955 56, 336' 60,680 1 1 1 TotaL ______2,445,666'3,5i2,996i4.9s3.34o;~~~9,231,00~ 1~~~·375.l5,~92~17~,~~·-593,67jl9,937~~~[2,0~-~~f~24,493,124~~ 1 1

t Compiled by the U. S. Department of AJriculture, Bureau of Puhlic Roads, from reports of StatA authorities, showing total number of automobiles and trucks which paid the regular license fee, rereg\strations and nonresident cars being eliminated. Passenger cars include taxicabs, busses, and other vehicles for hire; trucks include tractors. There is lack of uniformity as oetween the reports of the several States with respect to the classification of light-weight cornmcreial VEhicles, with respect also to vehicles owned by the State, municipal, or county governments, and with respect to the period covered when such period is not the end of the Year, but. it is believed th»t these

Iowa ...... i 8, 624 I;. 669 621 I 628 615 700 683 702 8.97 851 955 , 719 581 Montana... ------8, 226 581 587 610 639 670 687 715 860 706 865 724 582 Colorado...... 7, 812 I 657 614 586 489 608 595 655 789 703 860 659 597 Michigan______8, 535 : 778 620 606 660 735 680 737 8~9 761 800 672 647 Tennessee• .------8, 0291' 689 6251 650 623 634 584 699 ~17 726 i38 637 597 Utah______6, 630 ' 5ZO 457 472 45~ I 480 475 484 696 610 7~0 579 szg KentuckY------6, 490 ,I 511 527 510 496 517 483 461 518 559 6,>1 521 5i:J Pennsylvania.------6, 3.52 IJ. 521 468 472 449 496 445 500 669 610 636 541 545 North ~akota______5, 659 1 345 339 i 345 353 388 367 456 633 663 917 542 301 W!sconsm______.5, 517 I' 466 438 382 1 355 434 478 470 500 583 528 534 349 Nort.h Carolina______5,470 ;I 502 4361 451 I 14:l 441 410 lffi9 504 477 481 396 390 Virginb...... 4, 657 il 398 350 383 1 343 342 313 406 459 444 46ii 40fi 347 Idaho______3, 515 ·I 330 330 321 ' 25fi I 260 287 254 388 2771 ;122 272 238 Maryland______3,140 : 218 221 ! 231 232 I 246 ' 2291 312 1 334 345 297 21i2 213 South Dakota...... 709 :: 38 47 i 43 I 43 '1 56 : 48 62 I 82 78 72 1 75 65 ~II otlwr '------5, 597 •i 480 451 ! 463 , 462 417 ' 413 ' 518 489 499 5_l~~-----4~2_j ______4!'~ WHI 1 1,!i05 1,511 1,969 1,811 1,8391 1.~55 1,38f! Kansas______17.576 1, 576 1, 429 , 1. B3 1, 346 1, 518 1. 372 1, 4~0 I, 6741 1, 486 I, 5x61 1. ,,ro 1, 30b NewYork ______12,851! 1,147 9M 1,04r, 990 1,125 1,090 1.014 1,186 1.175 l.O.l7 1,Ua7 I,Oto Missouri..______10,416 880 810 829 IJ 803 893 832 80S FS5 ~IOJ . J _.,,, , 4b 400 , 349 346 Oklahoma... ------3, 991 : 313 281 294 2WJ 293 . !!05 354 :1971 394 4191 3fl0 335 Ohio______3,8H ,I 351 301 310 21s I 231 J 215 2R7 3H1 339 397 339 322 Oregon______3, 216 I 308 279 299 283 193 17G 243 276 I 282 340 288 246 Ncbraska.------1 3, 078 ·i 282 248 241 1. 233 I 253 ' 23!1 255 300 ' 250 Zl5 24G 236 Indiami .... ------2, 6!18 249 208 200 , 183 1 2171 19J H!5 2sq . 2:l2 289 230 207 Californil\ ... _. ______1 2,008. 181 169 163 i mI 1741 165 152 1/'8' 159 188 167 155 ~~~i,ina~~:::::::::::::::::::::: u~~ .1 ~~f g~ g~ : 144 ! m i~~ igt m: ~~~ i~g i8~ i~ Co_lor~l~O------~ 1, 73? ,I 146 137 13) ~ IOO i 135 I 13~ 145 175 , 156 191 141) 132 M!Ch!gan .. ______1, 734 1 I61 I ,129 12o · 1321 141 I:H 146 I 1681 158 162 141 135 Tennessee...... 1, 727 : 149 137 IH I 136 , 137 120 · 150 I 174 15il 155 136 128 . Utah______1,481 I28 104 105 Hh i 108 105 r lO'l · 155 1:l6 1721 128 122 1I 1 KentuckY.. ,------1,422 1 125 116 114. . llO i ll. 3 J:J7 : 100 B1 1 121 143 114 127 Pennsylvama .• ·------~ I, 361 1. 112 121 10! I 1171' 106 96 · 107 1;1~ 1 130 136 I 116 117 North Dakota...... I, 230 l'i 74 18 7, 1 ~9 8! 79 '.• 99 l3i 1 144 200 118 68 Wisc.onsin______1, 197 I02 95 84 , 1 7 05 103 102 10~ 1 126 114 116 75

~~l~i~-~~~~-i~~~~===~~:::::::::: i: &&~ II 1~ ~g gg I' ~~ I ~~ ~~ ~.· l~~ I lg~ i 1g~ i~~ ~~ ~~ Idabo______788 ,. 73 72 71 59 58 64 , 571 861 62 721 61 55 Maryland .. ------680 :: 47 48 50 51 53 49 i 67 72 75 64 57 45 "outh Dakota______151 8 10 9 I 9 12 10 1 13 I 17 17 Hi 16 15 All nther '------~-,,--,~---··:--- 1, 23tl_ 106 _" ____ " !Q(l___ 103 __ . _102_ !J2 9_1 __ : _____ !13 108 , 110 _ 115_1 ____!!:!______103 AVERAGE POUNDS OF WHEAT PER BARREL OF FLOUR Pounds -- United States______-- -~~: ~ ~~~ ____!7!:!_ .. 274.3 --2-74___ 7_1 ___2_7-4.-9~-2-7_5 __ 6~--2-~~-- -:_~,--275. 2 275. :__ ~ ~

Minnesota...... 277.2 276.71 27R 2 277.0 276.2 276.0 275.4 276.8 275.7 277.1 278.6 279.4 279.5 Kansas..... ------... 274.9 272.9 273.7 273. 1 273.9 274.4 274. 9 275.2 275.4 276. 2 275.9 276.7 276.3 New York...... 273.5 274.0, 27:!.5 270.0 271.6 271.7 273.0 272.9 271.5 271.5 275.4 27/.5 279.6 Missouri ...... [ 276.0 275.31 275.7 274.8 275.9 275.3 274.5 276.6 276.5 276.4 276.5 27G. 7 277.2 Washington...... 268. 1 269. 1 267.9 267. 2 268.0 268.3 268.4 267.4 267.7 268. 6 208. 2 2R7. 5 268.9 Texas ______----- 273.1 272.0 271.5 2:1.5 273.1 272.6 274.5 274.1 274.2 2i4. 1 273.'1 272.7 272.9 Illinois...... ! 273. 3 273.4 i 27~. 0 273. 3 272. 7 272. 3 272. 1 272. 7 272 8 274.2 273 5 273. 9 273 9 Oklahoma...... ! 274. 3 273. 51 271.9 273. 1 271. 7 273. 6 273. 5 274.8 275. 6 275. I 275. 0 275.8 277. 5 Ohio_ ------1 272.0 270.0 269. 5 269. 9 270. 0 270. I 270.8 273. 7 27-1. 1 273. 2 274. 3 272.7 274. 5 Oregon.. ------1· 266.9 267.8 268. o 1 2r,8, 6 267. 7 1 267. 3 266. 3 265.6 265.31 266.7 2.07. 4 II 264.4 265.9 Nebraska .. ------277.8 275. 1 274. I 1 274. 5 275.3 , 275.7 278. 3 278.9 278.7 281.4 280.8 279.7 281. 1 Indiana ...... , 294.7 285.7 292.5 ! 295.7 295.2 1 296.1 303.1 306. 1 299.0 290.6 2Jl. 5 235_ 3 288.4 Calitornh .. ------272.5 272. 3 272.911 273.0 272.51 271. 1 272. 5 271.4 273. 2 273.4 272. 3 272. 1 272. 9 Iowa...... 275.1 276.9 279.8 277.9 278.8 276.2 273.3 273.0 272.8 272. 1 272.5 273.8 278.2 Montana______267.4 . 266.0 266.4 266.7 265.7 265.9 266.4 2'16.0 266.81 267.3 268.7 260.7 27.3.8 ColoradO------~ 270_ 21i 269.4 258. 1 269.2 268.7 271.1 269. 7 271.3 270.4 270.3 270. ~ 270.6 271.5 Michigan...... 295.4 1 290.7 287.8 .1 290.3 299.9 313.9 305.4 303. 0 299.7 288.8 294.8 286. o 283.7 Tennessee...... 278.911 278.2 273.6 1 27.5.4 1 275.3 276.8 · 277.4 280.3 281.2 279.0 285.7 280.5, 282.0 Utah______268.6 I 267.3 264_ 3 269.8 265.2 266.8 270.2 268.4 269. 1 269.8 269.4 270. 51 271.1 KentuckY.. ------1 273.8 273. 5 273.3 208.8 269.4 273.9 271.7 276.4 277.0 276.2 274.5 •, 275.0 I 274.8 Pennsylvania ...... , 280.0II 279.4 278.1 281.2 278.7 279.9 279.2 281.2 280.2 280.8 279.8 1 280.1. 280.9 North Dakota ...... ". 276. 1 279.1 280.5 1 268.7 274. 7. 276.8 278. 1 276.6 277.0 276.0 275.51 27S. 3 I 275.6 Wisconsin______276.6 i 274.8 275.4 272.7 277.4 275.0 278.3 277.6 277.2 277.3 277.3 277.2 279.3 North Carolina ...... ! 279.3 I 227.7 1 276.2 1 283.0 278. ~ 276. 5 280.3 285.0 282.8 279.0 278.4 277.0 275.9 Virginia ______278.2 ; 277.9 1 277. ~ 1 276.4 . 281.7 1 2~8. 2 275. I 2~~- 3 278.2 2~2. 4 277.9 2~7- 1 277.0 1 Idaho______269.9 270.2 272.o 1 270.0' 268.8 268.8 268.2 2o~.4' 272.2 2<>9.8 2G8.71 2.0.0 268.5 Maryland ______I 276.9 276. 51 274.81 274.4 : 276. I 277.2 278.9 279. 1 ll 277.5 277. 2 278.7 275.8 275.0 South Dakota...... ! 282.0 278.9 283.6 280.8 · 281.3 281.41 282.8 283.6 284.7 279.2 279.9 23L 1 285.0 All other'------271.8 272.3 I 271.7 270"_,5__! ____2_72.1 1 27L 3 271.8 275.9 , 271.8 272.3 2tl9. 7 273.0 269.0 I Compiled by U. S. Department ~f Commerce, Bureau of the Census, from reports of over I,OOO mills which produced 88 per cent of flour manufactured in 1923; 91 per cent in 1925, and over 97 per cent in 1927, according to the census of manufactures. This increase was due partly to addition from time to time of firms to reporting Jist. • Includes Ariz., Ark., Del., D. C., Ga., N.H., N.J., N.Mex., S.C., W. Va and Wyo. 20 PAPER-BOARD SHIPPING BOXES

------=---~~----======CORRUGATED

PRODUCTION 'I OPERATING TIME MONTH [Thousands of square feet] II [Per cent of normal]

-I I 19%1 1922 i 1923 19%4 1925 1926 i 1927 1928 192 D -1~~--'~- ~~~~~~-~~-7- ~ -19=~------January------.• ____ • ______~~ m~ m~ -~ -~ 1am mB ~m 27 48 76 68 70 75 72 67 78 MarchFebruary. ______------_ 104,551 213, 177 22\1,575 263,862 287,388 336,910 326,430 383, 191 34 55 75 75 76 81 82 75 85 121,987 241, 501 247,460 268, 335 307, 108 1. 338,400 348, 835 398,777 35 57 83 80 79 1 87 87 78 86 ApriL .• ------130, 701 222, 121 245,975 256,409 283,161 322,002 327,815 387,596 38 60 86 74 76 82 76 72 83 May______139,414 208, 705 225, 103 250,406 231, 7.52 326,474 323,493 386,241 38 64 82 69 75 79 75 69 8 3 June_------144,642 195.288 193,800 242,992 285,978 290, 546 341,291 466,908 39 64 78 66 73 77 68 74 87 July______174,2681 205, 725 205,723 257,879 2\18,657 308,585 335,732 384,885 41 65 80 64 75 78 69 i1 8 2 August______221, 132 199,760 219, 141 286,261 329,649 317,529 364,756 448,920 47 72 82 65 80 83 76 77 9 1 September------228,291 , 195,480 :l-31, 066 290,698 335,284 308, 585 359, 553 434,351 I 54 78 79 69 82 83 79 78 91 October------261,402 228,085 256,410 :341,384 364, 8G8 348, 835 374, 342 457,425 64 79 79 77 90 89 85 89 93 November------249,204 208, 129 259,390 332, 112 333,87.5 ~20. 511 370,302 387,935 65 80 74 77 88 82 76 82 8 1 December ______------224,806 204,232 248,956 275, 772 271,890 272,807 348,090 _290,457_1 53 75 68 74 73 70 64 72 66 ------TotaL ______z,094,512 2,539,852 2,774,285 3,294,194 3,645,861 3,784,861,4,047,919 ,-!,724,707, ------1 ------.------Montblyaverage ______174,543 211,654 231,190 274,516 303,822 315,4051 337,327 i 39:l,726i! 45 1 66 i 79 72 78 81 I 75 75 8 I I I I' I ' SOLID FIBER

January______56,341 :1: 92,969 94, 026·--~-;~;-.1,~17 -;-I.92, 55-;;-1- 90, 70;- 99, 151--~.~-~~~-;:--881' 85 I -77~, 7881. !?',8 87451 s'o' FebruarY------61,736 86,437 96,638 75,098 89,163 99,894 97,677 110,914 • 44 69 75 87 u March______7.5,503 80,574 108,826 79,265 I 92,5271 98,063 98,622 111,903 53 78 78 90 75 79 76 85 85 ApriL______70,2841 81,281 92,285! 80,099 1 86,640! 96,228 101,692 104,676 ,I1 60 78 78 82 67 77 77 SO 79 1 i May______52,963 I 75,434 81,8381 80,9331 91,686 I 95,038 1 102,402 103,8761! 60 74 761' 80 69 78 76 80 79 June______60,367 1 78,345 69,561 i 85,1041 92,527!' 83,399 105,827 99,922 1 67 78 76 70 76 78 64 83 74 July______69,833 : 82,866 71,391 1 89,276 95,051 88,898 88,819 96,877 11 7l 87 77 I 63 77 75 66 75 82 August______102,578i 83,129 77,485~ 87,607 100,939! 98,735 99,499 101,2501 81 96 78! 74 74 79 82 84 82 September______97,222 I 59,664 8Q,096! 85,939,1 94 210! 91,831 95,378 109,925 q 81 88 761 79 79 76 84 80 82 October ______100,195 1 80,606 84,4501 87,6081 98;4161' 92,986 103,584 116,74611 89 89 88 78 81 81 83 83 68 November______89,781 I 76,084 82, 7W 83,437: 84,957 1 88,898 108,307 97,371 I 84 84 86 I 80 80 72 81 79 72 December______90,784 50,472 81,838\ 75,098 I 78,229 i 82,482 87,628 71,076 58 1 84 661 76 71 65 72 68 55 TotaL ______. ______j-927,587!1 927,8n-\1.fm1-:J3- 989,5!i3 :1,083,462,1,109,014- 1,181,143:1,223,687 r~=~~~~~--~~---- Monthly average______77,299 77, 3~21' 85, '195 82,404 i 90,705 92,418 vs, 429 1 101,974 ', 65 81 79 ' 79 75 77 I 76 80 78 ' 1 I It I CORRUGATED AND SOLID FIBER

Janu::~ry ______150,445·1 310,618 1. 305,712 308,183 350,373 :l86,239 i 317,988 4.51,112 291 52 79\ 72 · 71 i ;~-~9~~ February______166,297 299,614 1 325,213 338,960 376,551 131J,804 424,107 494,105 36 58 75 78 i 76~- 81 81 791 84 March ______197,490 322,075 'I 356.236 347,600 399,635 436,463' 447,457 510,680 39 62 82 83 i 78 85 79 80 1 86 ApriL ______200,985 303,402 338, 2GO 335,508 369,801 41S,230 i 429,5U7 492,272 43 64 84 1 76 74 81 77 74 II 82 1 1 MaY------192,3771 2S4, 1BU i 3J6,941 331,339 373,433 421,512: 425,895 49J, 117 43 66 80 72 741 79 75 72 82 June .. ______, 20,5,009 273,633\ 263,3'il 32~,0\lG 378,5U5 373,945: 447,118 50fl,83Q I 46 67, 77 67 74 77 67 76 85 July ______! 244,101l 238,591 277,114 347,1551393,708 397,483' 424,551 481,762 48 70, 79 64 761 77 68 721 SO August... ------1_ 323,710 282,889[ 295,626 373,R68 430,588 416,264:464,255 550,170 55, 78\ 81 63. 79 ! 82 72 1 79 89 1 11 1 1 1 ! I I . September ______,! 325,513 I 2.15,1441' 3l',1G2 376,637 429,494 400,416 :_ 455.931 ?.44,2~6" 61 I so ''I 79 72 · 81 i 81 801 79 I 89 October ______: 3f>1,597 308,691 31G.SGU 428,992 463,284 441,2?.1: 477,!)2r_i 574,171 l 70 r Sl 81 77! ss' 87 85 88 l ~H Novernber______i 33~,9~51 28•!,213 1 3-!2,0119 415,549 418,832 403,4GY Oi,m!J' 4S.o,30G I 70 I 81 1 77 78 i 86 [ 80 77 [ 82! 79 December______---!-~_lM=~ _:.5~._7~_!_330,_~9~ 350,870 __350~9 __ 355,23'~-~~m ~~7,,533 i_ __:;~ __ _!~~~~~-~L-~-~~~~~ 1 TotaL ______3, 022, 0UO 13. 4';7, 7 J:l :3, 7\1.1, 423 1,4, 233. 7.07 _4, 734, 32B '4, 893, 875 5, 22>1, OR2 f.>, 98·1, 39·! 1------1---- __ I______------:------1------______( ______,____ _ Monthly average_·------: 251, r;.t2 II 2~s. 9ili : :~b. 2"3,) 1 3F/i, \?~0 ! :)94, 527 ·107, t:2a · 4:30, 1;)3 493,700 11 .50 1 70 ! 791 74 : 78 1 80 751 77 t 8:2 I , ,I ,

1 Data from the PJperboard Industries As"ioci:ztion, comprising the former Nadunal Container Association, which in turn had merged the statistical activities of the Con­ tainer c:u> aad th~ Ntlion'l A;sociltion of Corra]Jtei ani Fioer BJ;; ,11wn(.1ctnrers, who formecly reported separately. 30 identical companies report corrugated board data and 11 planes rep:nt sJlid ftb3:.- data. Data fot the for .mer individ~ldl asso~iat!un::;, extending back to liH9 for the Container Club, are given in the August, 1923, issue (No.2!), but are not co;n:>ara~>lo with data sho,vn here, as the former :-.lational As.sociatioo of cJo,·rugated and Fiber Box Manufacturers reported in their totals single face board (U3ed princip;;lly for wrap;>ing purposes), which is excladed fnm tile tabuht.ion above. Monthly data for 1921 and 1922 on the present basis. including relative prices of finishe:l bo>rd aaj raw materials, aopa~re:l i!l tile !'hvem'n·, 19~3. issue (N'o. ~7), p. 80. The prod;tction o' hox9s is measured by the area of board passing through the box machines. 21 WEIGHTED INDEX OF WHOLESALE PRICES FOR CHEMICALS, OILS AND FATS 1

--- - CHEMICALS OILS AND FATS ll ------MONTH 1927 monthly average=100

1920 1921 1922,1923 I 1924 I 19211 I_ 1926 1927 1928 1 1929 1 1920 1 1921 19211 1926 I 1927 1928 1929 1922_1__~~~-~~ I --~-----1 -1------~------January------149.6 133.6 111.7 117. o 101. 1 IOn. 9 106.2 103. 2 100- 7 100. 0 i 84. 6 97. 5 I110. 8 126.6 116.0 ' 93.1 100.8 98.7 February------157. 8 130. 1 110. 1 1118. 8 106. S lOS. 1 104. 0 102. 4 100. 5 100. 0 ~8~: ~ I ~g: ~ 91. 2 102. 0 106-0 115.6 111.1 9.~. 9 94.5 101. 2 March ______125_ 3 121.0 11!>. 8 100.7 94_ 6 101.1 April ______168. 7 110.4 120. 0 106. 2 106. 6 104.9 101. 9 99_ 6 1 100. 51 197.5 71.8 102. 6 109. 8 101. 6 183. 1 122.9 113. 1 118. 6 106. 3 104. 8 10.1. 3 101. 5 100. 0 1100. 3 199. 1 61. 8 100. 9 113. 1 I 102. 5 115.9 113.1 97.7 98.2 97.7 May ______, ______186.6 120.3 111.1 111-1 104.2 103.9 103.5 101. 1 99.9 ' 100.3 180.2 72.5 101. o u~. 1 , 98. 9 115.4 119.9 99.2 99.6 92.5 June.•... ------177.4 123.2 109.8 115_ 5 103. 6 103_ 4 102.9 101.0 9s. 1 too. 3 I 176-7 76.6 100. 0 1 106. 1 99. 4 114.7 132.9 100-7 95.8 91.6 July------180.0 119. 1 111. 4 114- 7 101. 9 102. 8 104. 3 99. 7 98. 5 100. o I 173-8 83.2 97. 0 99. 0 112. 3 114.4 126.9 1~0. 7 95. I 91.8 August. ______187.9 115.8 111. .1 11.5. 7 101. 7 104. 2 105. 0 99. 8 98. 8 99. 8 142.4 85.4 94. I 98. 8 124. 8 us_ 6 119. 3 101. 51 94. I 95.7 September ______174.4 lli-0 114.6 115.9 i 101.9 104 .•> 104.8 DO. 0 gg_ 2 100.21 130. 7 92. s 87- 2 99.8 107. 5 115.9 115.5 108.4 94.5 99.8 October __ .------169.5 115.4 117.1 116. 5 102. 2 102.8 104.8 99. 7 99.3 100. I 132. 0 85_ 9 90. 9 100. 51114. I 115. 7 \1/. 5 IO!i. 5 ' 97.0 104.5 November ______155.4 116.8 117.9 116.3 102.4 104.0 104. r. 99. 3 99.5 100. o I 110. 2 82. 9 95. 4 100.9 113.9 116.2 96. 2 104. o I 95_ 3 98.5 December ______136.8 114. 2 118. 3 104.1 103.0 99.5 09.6 99.7 9L 8 83. 7 9.'. 9 102. I 119.8 115.5 91 7 100 3 97. 7 97.5 ==--= 11~-=-i-=02. ~ == --~----- Mon. av ______168.9 12L 1 113. I 116.9 103.9 104.4 104.4 100.8 99.5 -100. ~-~ -lll2.5 st:-2""95.1 103.41109.3 117.1 113. 01100~91 96.4 97.6 I ·' I 1 I Compiled by the Chemica! and Metallurgical Engineering, and represent quotations on 30 chemicals and 15 oils and fats selected on the basis of their importance as repre senting both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of the total production plus total imports in the year 1927. The figures are averages of weekly prices. A similar index including 25 of the principal chemicals, used in the new indexes, with yearly data from 1917 to 1923 and montbly data for 1923 and 1924 may be foun

AUTOMOBILE FINANCING ==-=- -- . TOTAL [I NEw CARS FINANCED !_usED CARS FINANCED I UNCLASSIFIED YEAR Number Volume in ~~I Number ! Volume In i Number I Volume in II Number Volume In of cars dollars !, of ears I dollars j of cars I dollars of ears dollars 1

1929 77,6841 48, 67,603 3,031,684 January ___ ------~5-2.-2-26-l----74-,-27_8_,7-53-~~--- t56,.587~·-- ;-::~:8~~--:1:- MarchFebruary ______------_____ ------_ 204,095 87,884,26911 103, 27! . 61, 47~. 686 92,974 1 23,066,587 i 7, 850 3, 338,996 April .• _____ ------______~~ ~~~ 1• ~ru ~~m m~~ ~-o, ~m A•• 375,662 173,991,504 ' 206,267 1 121, 517,771 154,037 46,213,460 '! 15,358 6, 260,273 1: ' May. __ .------____ ------~ ~mm.1 ~wi ~•m ~~~ ~~m! ~m A•m June..•.• -----.------­ 380,989 1~6, 409, 673 ii 201, 871 , 122, 324, 819 163,228 48,872,473 1 12, 890 5, 212,381 July------.. 380,874 116, 578, 230 I' 207,424 I' 12:1, 256, 076 159, 782 ' 47,885,243 ~ 1~. 668 5, 436,911 August..------347,160 160, 7&6, 697 11 186, 303 110,197,198 141,976 44,919,7921 12,881 5, 679,707 293, 2s1 13o, 024, oe9 'l'i 155, 783 j 92, 754, Mo t25, 2s2 38,396, 264 I 12. t86 4. 873,859 ~>';Ft~~~r~~r~::::::::::::: ::::::::::::::::::::! 210, 299 124, o54, 34o 1 129, 157 1 78, 953. 8f>9 12u. 325 40, 589,879 i 11, so1 4,520, 592 N ovcmher. ·------___ ------i 207,031 92,402,396 I' 95, 130 : 57,454, ~98 102,941 31,457,351 II 8, 9<30 3,.181, 147 171,205 78,410,747 73,657 i 4C,l27, 507 91,593 29,648,715 5, 955 2. 534,525 !------1------1 Decerr;:: :::::::::::::::: :::::::::::::::: 3,478,373 I 1, 603, 328, 170 l'i I, 820,435 i 1, 086,181, 1H I, i\21, 9851 461,610,341 I 135, 953 55, 536,685 1 1930 i I January ••• ___ ------~ 162,060 I 72,011, 702 i 76, 594 : 41, 374, 582 80, 6941 25, 576,240 I __4, 772_1_ 2, 050, 880

Compiled by the U. S. Department of Commerce, Bureau of the Census, !rom reports of 423 automobile-financing organizations. Some of the smaller firms found it impossible to segregate their operations, their totals being shown in the unclassified group. This summary is subject to revision in subsequent issues as reports are received from additional firms. PAINT, VARNISH, AND LACQUER PRODUCTS 1

------~~--~-···--· ·---- ·--·- --~~~==~c-·--~--···---·-----·---·-·

------1928 11______-,.- ______1_9..,-2_9 ______MONTH 1 I 'I 1 . Total sales Trade sales P. Industrial Not specified I, Total sales j1 Trade sales Industrial I Not specified II1 •I sales 'I 1 sales January ______:~~ --$-2-6,-71-2-,1-8-211--- $9,~~:3~;ji·· ~s:;;;;:~~~- -- ~~.~~;.~~;lll~--$-2;,-63-2-,4-81-~~---$-9,-90-3-,-194-l--$-10-,-450-,3-7-ll ----~.;~~916 February______28,233,702 . 10,624,584 II 9, 329,766 8, ~79, 352 28,979,212 !! 10,202,885 10,765, 756 8, 010,571 1 1 March.... ------34.309,692 1! 12,914,765 : 11,042,287 10,352,640 i; 37,41~,696 ,_ 13,484,354 12,418,336 11,511,006 ApriL .. ------35,166,50811 13,867,95211 10,656,746 10,641,810 i• 40,30.,496 1 1 15,435,710 12,907,993 11,958,793 MaY------41, (i88, 910 1· 17,422,788 il 11,735,736 12,530,386 1'! 43,397,353 ii 17,615.479 13,335,710 12,446,164 June.... ------38,564,496 I 15,395,507 II. 11,539,738 . 11,629,251 11 38,812,077 I· 15,017,451 11,959,679 11,834,947 July______30.864,223 10,480,09511 10,070,5561 10,313,572 [I 33,074,863 1' 11,048,925 11,549,751 10,476,187 August. ______; 35,485,285 . 12,433,16(1 ,: 12,236,298 10,815,818\1 39,663,611 ~~ 15.075,048 13,161,346 11,427,217

September•.•• ------32,381,312 1 11,239,739 1: 11,140,725 , 10,000, 848 '1 33,815,655 :i. 12,270,585 11,255,556 10,289,514 October------33,374,460 11 11,845,718 1 11,588,220 9, 940,522 1 34,262,898 li 12,334,788 11,806,243 10,121,867 November•... ------27,551,630. 9,868,742,1 10,112,537 7,570,351 27,195,3021: 10,136,954 9,197,057 7.861,281 December. ______-~1,900 li--7·_~_._mJ_~5,~2~- 6,366,852 1 20,:l11,674 1 7,434,326 6,960,4031 5,916,945. TotaL.------1 386,904,300 11 143, ~63, 496 'l'i 126,771,693 116, 769,lll ~~-1 40/i, 861,318 ~~--·149, 959, 699~8. 20l 120,133,418 . Mon~~~-av_e_r~ge.-=~~~~~=--3~~~:025j\____ 11_._''4_6 •. 95~-;L ____~~~64, ~08 9, 730,759 I 33,821,777 ll 12,496, G42 11,314,017 10, Oll,l18

I Compiled by the U. S. Department of Commerce, Bureau of the Census, and represents the total sales of paint, varnish, and lacquer products as reported by 502 firms. Trade sales include shipments to dealers, jobbers, painters, and consumers. Industrial sales are those to manufacturers, railroads, the Government, marine, and all other simihr users. 22 FACTORY EMPLOYMENT AND PAY ROLL IN ILLINOIS 1 (1925-27 monthly average=lOO)

I EMPLOYMh'NTI'I PAY ROLL MoNTH [' I -~----c----,----,------1 192~~~~ 1925 :~l~i -~92~- 1929--·1~922! ~923-! 1~24! ~925 11926_1_~~~~ JanuarY------96.1 109.0 107.9 100.4 101.6 99.7. 90.6 1 102.81 99.01 96.0 101.3 98.2 87.6 94.7 1 1 93.2[ ______FebruarY------1 96.1 111.61 110.3 101.9[ 103.2 100.3 93.1 I 100.3 1------~105.0 104.41 100.1 106.3 102.0 94.8 100.~ Ma~ch·------·------1 98.0 114.4 110.31 100.8, 103.7 100.0 94.2: 102.2~------108.0 101.5!' 97.6 105.3 101.1 94.5 101.6 ApnL ______98.6 115.21 109.0 1 99.8 1 103.4 99.4 93.0 i 10~.0 ______109.0 I 100.6 97.8 106.1 101.4 93.1 105.2 1 MaY------·------101.6 115.4110fi.2 98.81 103.0 98.8 93.B !03.7 ------'~ 110.1,' 97.3 . 97.0 I 105.6 99.9 95.1 105.7 June .. -----·-·------·---1______ll5.9 102.6 98.4' 103.0 98 ..5 95.8 104.1 1------113.1 92.7 97.2 105.4 102.5 97.9 107.5 July ______------·-·t1 100.7 113.6 \!8.0 97.1 i 103.0 94.9 93.9 103.4 I 89.3 105.8 86.0 1i 93.9 101.0 95.5 91.4 102.7 August. ___ .. ------··-- 102.3 112.2 98.·! 97.2: 102.tl 96.2, 96.3 105.1 92.0 105.5[ 88.0 1 95.8 103.0 97.8 96.3 106.0 1 September·------1104.3 111.1 99.0 gg_6j 104 9 96.0: 97.7 !ll5.~ 94.6 108.21 90.5 j 93.tl 102.81 94.2 97.11 105.0 October ______105.7 111.1 98.0 100.4,104.41 95.5 I \!7.8, 103.8 98.4 ll0.4 »2.7[ 100.7 106.6 96.6 98.3 105.8 November ______--·--·--- --1 107.6 110.7 97.5 101.1 103.0 93 61 98.3 102.71102.0 105.41 92.6 101.4 103.6 93.7 97.7 101.3 December. ______------1_ 110.1 ~~~5_~~~-~~.~1 104.2 ~- 97.6 1 103.21 102.9 ~~- 96.3 Monthly average. ___ ------1210L9112.5f1o3.1 ---oo:-8Tio31f97.1T95.3:w2.6 -,96:-7T107:4T95.3r97.9fi04.2f98.095:2-lo2.7 1 1 1 Compiled by the Illinois Department of Labor. These data have been shifted from the old base of 1922 to the three-year period 1925-27 agTeed upon by the Committee on Governmental Labor Statistics as the standard base period. These data represent the monthly trend of employment and pay rolls in manufacturing industries in Illinois. ' Eleven months' average. ' Six months' average. UNEMPLOYMENT IN THE UNITED STATES AND IN PRINCIPAL CITIES UNEMPLOYMENT IN THE UNITED STATES [CompUed and published by tbe American Federation of Labor and represent tbe percentages of unemployment. in tbe various industries and cities sbown below.] [Per cent of union members unemployed]

TRADES II Year I' Jan. Feb. I Mar. .\.;r. May ) June l ~uly Aug. ~-~e~;.-T-Oct. I. Nov. -1;:~:- ---T-o-ta_l_,-al-1-tr_a_d-es _____ -_- __-_-_- __-_- __-_- __-_-_-_ -- __-_ ~ ---18- ---18-~·---18- ---1G ----~ ---11-~---12- ---9- --1;;-~---9-~ ---~ ---~

~ i~~ 1 ~& ~g •~t ______:~- ______::_ ------~-~------~- ______: ______:~-1------:: ______:: ______:~ I= 1 Butldmgtrades. . ______Il 1928 36 39 l=j==:=·=-~==1 38 !2 2.11 22 24 19 22 18 21 = 23 1 1 I ig~~ ~~ ~~I ·!f -2~-~~-- -~~-1------:=-:-----161---·· :~- ______::+ _____ ::_ ------=~------~~ Meta: trades______1928 18 IG i .16 12 12! 10 • 1:l I 9 81 8 7 7 1920 8 8 I 7 r. .) I 5 ' (i 7 i 7 8 11 1930 1.5 181 '1\l ! -· ,__ ------:-~-- ·:-,------Printing trades ____ ---· .. ______·---- ______. ____ _ m~ 1 ~~ ~ 11 :~: !' 1 ~1 ~I ~ ! ~

All other trades ______------__ ------ii ::::: ;~:~ :;;:1• •;;: I.••- t_ ••- ·. :::: : •- 1}: -1:;.;•:;::1:•;:•;•:; :• :-:~ • Preliminary. UNEMPLOYMENT IN CITIES [Per cent of union members unemployed In Identical unions] ------·------..,.------;;------·--·-·-·------.

CITY

Baltimore,Atlanta, Ga. Md ______------. ··------_ Birmingham, Ala ______Boston, Mass ______--· ______Buffalo, N. y ______l~iifr~;~;t--~---:)·L:-:-__-:::~L:~:__-:1

JerseyLos Angeles, City, N.Calif. J ------1 ______M!lwaukee_. Wis.-- ______1 Mmneapol!s, Mmn ______1 New York, N. Y ------·------Omaha, Neb ______Paterson, N. ]. ______1 Pittsburgh,Philadelphia, Pa. Pa ______.. _------_ San Antonio, Texas __ . ___ .. _. _. ______San Francisco, Calif. ______St. Louis, Mo·------Seattle, Wash...... ·------· ______Washington, D. C------23 TREND OF BUSINESS MOVEMENTS The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. These data represent continuations of the figures presented in the latest semiannual number (February, 1930), in which monthly figures for 1929 and 1930 may be found, together with explanations as to the sources and exact extent of the figures quoted. The figures given below should always be read in connection with those explana.tions. Data on stocks, unfilled orders, etc., are given as of the end of the month referred to. For explanations or relative numbers, including base periods, see introduction on inside front cover.

I II :Per ct. PER CENT IN- CUMULATIVE TOTAL ~- in- 1929 1930 1929 CREASE(+) OR .FROM JAN. 1 THROUGH crease

--- .... -I DECREASE(-) tl FEB. 28 The cumulatives shown are through Feb­ I o~'t~- ruary. Earlier data for items shown here may be found on pages 27 to 138 Feb., I Feb , 'II Ic(~}e of the February, 1930, "Survey" I '; 1930, 1930, , j'cumu- January IFebruaryji January 1 I Fehruaryl from I from I! 1929 1930 Jative I I Jan., Feb., j I9aO iI i'I 1930 1929 1 from I 1· I ··---- ,_____ .____ ---- l~--~----· ---'·------~ -~~------1929 1 I 1 :' 'I'JoJXTILES I , I, I' I'I I I I Wool I I! I , I i li Heceipts at Boston: I' : I TotaL ______thous. of Jbs __ 12, 1481i 12, 7141 15,2721 15,828 12, 1661 19, 67a 11,202 -23.1 -zn. all 36,875 21,9941 -24.1 Domestic ______thous. of Jbs __ 6, 9al 9,344. 6,500 5,0121 4, 532 1,836 -22.9 +1??-0, 6,a68 11,512 +80.8 l<'oreign ______thous. of lbs __ 5,217j 8,29914,415 5, 9281 9,a28 7,154 15, 141 15, a66l -23. aI -o.l. 4 ao, 507 I6, 482j -46.0 Imports: 1 1 1 li 1 In condition importcd ______thous. oflbs __ 19,4631 19,510 20,2461'1 26,464 18,498. a6, 52a 33 a98' -ao. rl -44. 61 69,921 44,962. -a5. 7 Grease equivalent. ______thous. of lbs __ 2a, 066j za, 0211 24,565 29, 42a 20, 221!1 a8, 835 37: 386! -a!. 3l -45. y 76,221 49, 6HI -34. 9 Consumption by textile mills, 1 grease equivalent______thous. of Jbs __ 1 59,352 46,6941 43,()271 38, 3ao 1 54, oar 47,9931 -12.11 102,024 81,9571 -19,7 Machinery activity, hourly: 37,8021 -~- J Loom;;- . 1 i \\ide .. ______per ct. of hours active __ 65 59i 54 53 69 Narrow __ . _____ per ct. of hours active._ 66 50 52141 63 ~~~ ...:]'~: ~~ =i~ g1:::.::::::::::::::::::1 ::::::: Carpet and rug.per ct. of hours active __ 71 ~~~ 51 51 65 :>ets of cards ______per ct. of hours active __ 85 741 ~g I 63 65 84 l'ombs ______per ct. of hours actiw .. 91 821 79 83 ,;pinning spindles- ~~I :]61 11:::=::=:::: Woolen ______per ct. of hours active .. 62 ::II ~!! !! :::::::::::1::::::: 781 691' 821 Worsted. ______per ct. of hours active .. 72 65 571611 55 .59. 69 v +7. a -14.5 ------Prices: I I Raw, territory, fine, scoured_dolls. per lb .. .ool .~RI . ~41 . HI . 791 1121 1.0) -2.51-27.51 ______------Raw, Ohio and Pa. fleeces, J4 blood, combing, grease .. dolls. per lb .. . 431 . 431 . 38 . a6 i . 551 Worsted yarn ______...... dolls. per lb .. ].~1· 1.43j 41'1 I. 38 r. 351 1. 581 1: ~ :g: ~ =i:: ~ 1::::::::::: ::::::::::: Women's dress goods, French 1 r: ~o~ I serge, 39-in ______Jiolls. per yd __ j . 98 . nsl .•J~ i . 98 . 981 . 981 Suiting, 13-oz ______ilolls. pen·d .. 1.901! 1.9011 I. 838 !.800 I 2. 0081 2.~ _g:~! -~Z:~I:::::::::::::::::::::: 1 I. \10111 Cotton l I I I Heceipts into sight______tllous. of hales__! 2, 1051 840 4171 638 -50.4 -34. 6 I I, 764 I, 257 -28. 7 Imports, unmanufactured.------.. bales __ .:::r.l ,l; 36, 190 51,474 2a, 6431 54,I, 9ao1261 a9, 625 -54.1 -40 31 94,564 75, 117 -20.6 Exports, unmanuf~ctured (excl.lintcrs).bales .. I, 251, aoo 1, 048, ~760 910,321 613,394 -44.8 -34: 1, 401, 989 1, rao, 811 -19. 728,737 402,0741 788,595 5 a Consumption by textile mills ...... bales .. 640, 798 544, 150 45a, 892 577, 2a51 495,204 668,286 594,720 -14.2 -16. a I, 26a, 006 I, 072, 439 -16. I Stocks, domestic, end of month: Totals, mills and w'houses.thous. of bales __ 6, 672 7, 5141 7, 759 7, 2a71 6, 670 i 6,38a 5, 606 -7.8 ;'

I1 I1 '[ PER CENT IN· 1 CUMULATIVE TOTAL 1IIPer m- ct 1929 1 1930 1929 1 CREASE<+> OR I FROM JAN. 1 THROUGH'Ifcrease I l DECREASE(-) FEB. 28 <+> The cumulatives shown are through Feb­ ruary. Earlier data for items shown -----.----,------i 1------:~------1 g;e~; here may be found on pages 27 to 138 of the February, 1930, "Survey" T . I : I 1; i~lli; r~ro: I l!c,1;~. October Nb~~m- D~;rm- 1 January February I January Februaryl from f~om • 1929 1930 !llath·e 1 1 . ' I• Jan., I 11 1930 I 1 ~ell., 1 ' I 1930 1929 I 'I from ------~------1------~:---i----1 : ______-·--·-·· ______! 1929

TEXTILES-Continued I II I i ! 1 1 1 Cotton Finishing

I I White, dyed and printed (outside mills): I I II ; I I I Billings, finished goods .••••.thous. of yds•. 81,549 63,663 61,816[ 63,457 64,2illl 81,6761 81,4181' +L3 -21.1, 163,094, 127,728 -21.7 New orders. gray yardage•.. thous. of yds •• 78,806 57.971 54, 172: 71, 723 57, 8341, 80, 302 1 88,460 ' -19. 4 -34. 6: 174, 762'1 129, 557 -25.9 Shipments, finished goods ______cases •• 46, 173 38, t\16 36, 5211 41, 793 37, 014 i 53, 196! 54,391 l -11. 4 -31.91 107, 587 78, 807. -26. 8 Stocks, finished goods, end mo...... cases .• 37,635 37,634 38,220 I 35,428 32, 967li 36,3741 37,153 1 -6.£ -11. 3! ----··-----~------_~ ______Operating activity .•...per ct. of capacity •. 65 55 or., 57 621; 651 741 +s. F -w. 2; ------' ______Unfilled orders, end of month ...... days •• Printed only (mills and outside): 1 Production ______thous. of yds •• 82, ~~~ 61, ~~: 57. :~:1: 60, ~:1 6o, :~:~: s2, :~:1 78, :~:~! ~:: :1 =::: :~~----~~~~~~~~----;~;~~~{~~~.- Stocks, end of month ______thous. of yds.. 87,4461 84,9241 80,82511 73,2.'l9! 72,64211 80,2121 81,206 -0.8 -10.51------·------!.------Slk 1 li l I ! I il I 1: lml!'lrt~, raw ------:·------thous. of Ibs __ i 9, 3961 8. 221 9, 164 11 7. ~46! 6, 6441 "9, l05j 7, 0921 -9. 6j -6. 31! 16, :~~~ 13, 99o[! -13. 6 Dehvenes (consumpt!On) ______bales.. 57,4891 50,562 44, 15911 57,6831 49, 852ll o7, 3491 46, 228i' -13. 61 +7. s,l 103, 107, 535., +3. 8 Stocks, end of month: au: " At warehouses ______bales .. 64,1291 76,452 90,7721 76,264\ 68,646,1 49,943 46,993il -10.01 +46.11----.------1------·------At manufacturing plants ______bales .. 28,200 29,726 27, 0171! 29, ~001 ______1'1 25,778 25, 02611·--·----, .. ·-----~1---· ..... Silk machinery activity: ··t-·····-----,.-----·-

Broad Iooms ...... •• per cent of normaL. 102.61 101.21 98.311 10o.61 109.71 94.71 99.81 +3.9j +9.91 ...... i...... \------1 Narrow Jooms ______per cent of normaL.I ~85.. 91f 57.4 54.1, 59.6 56.2 48.01 53.6 -5.71 +4.91 ______! ______, ______Spinning spindles ••... per cent of normaL. " 66. z 64.511 67. oi 69. 3j[ 61. o 66. 5\l +a. 4 H 2 ...... Prices: 1 1 1 -1------::----·-- Raw, Japanese, 13-15, N. Y ..dolls. per lb .. t 925: 4. 6791. 4. 580\l 4. 630 1 4. 433!\ 4. 9981 5. 0961 -4.31 -13. oil------1------.. li.. ____ _ Silk goods, compo ite ..•... dolls. per yd .. ffi' '· '"' "I Rayon ""i '· '·"I '· ,, '· "I ""'I " -··'!!· ...... ··: ...... ·r· .. . Imports ... ______thous. of Ills .• Stocks, bonded, end of montb .. thous. of Ibs ______Price, 150 denier, A grade, N. Y . .dolls. per lb .• 1i~.+5° 1.i ~:1.15 g~~~ ~:~~~I1.151 ~:1.15,1 &~~~------=~~~ 1.1511 U~~~~·1.50 ~:1.30 ~~b~~~-- ~~:~t~~~~:i0.0! -11.5f ------~·::t...... l ...... ~~~~~ii_~:=~~ i'------l I I ! I il Clothing I I Men's and boys' garments cut: Suits ______thous. of garments .. Separate trousers...•.• thous. of garments __ i Overcoats ______thous. of gam1ents .. ~ ml :: !!!, :: r:; I f: fill:: : ::1 ~ mi ~;I: i: : II : : :I :: ::1! Overalls: Cut...... thous. of dozen garments .. Netshipments.. tbous. of dozen garments __ 1 m1 ~~~ ~!! :mi ml mi ~g~~l +~· 7i t~· bil m ~~:I ±~· ~ U nfillcd orders, I I' II fl . I ..• II I ",: ' • end of mo _____ thons. of dozen garments .. 170: 157 168 ~ 207 158r 261! 2381! -23.7: -3:). 6 ______...... -~:-- .. --- Hosiery: 11 1 Production ..••..... thous. of dozen pairs .. 1 4,2551 3,770 3,054 1 1 3,398 3,1R21 3,611! 3,2061'1 -6.41 -0.7il 6,8l7[ 6,580' -3.5 Net shipments...... thous. of dozen pairs .. 1 Stocks, end of month_tbous. of dozen pairs .• i:~~~ ~:~~~~1 ~:~~~~ ~:~~~ u~11 ~:g~&~ +~8:~~ +~g __ ---~~~::: ...... ~~~~~~~-~=~·-~ i:m 1 New orders ...... thous. of dozen pairs.. 4,521\ 3, 747 2,8481 . 2,607 2,587 3,345; 2,92s , -o.s: -1L6j 6,273! 5, I94p -17.2 Unfilled orders, end 1 1 of month ______thous. of dozen puirs .• 1 4,1391 3,736 3,327! 3,020\ 2,8421'1 4,237: 4,19111 -5.91 -32.21 ... --·------·-----·+------Knit underwear: 1 1 Production ..•.• thous. of dozen garments .• 1,4141 1,2271 '95!'11 •1,109! 1,1211 1,o49l' l,o7I!i +1.11 +4.ll. 2,125 z,23o:i +t9 Net shiprnents ..thons. of dozen garments .. 1,5641 1,219 '8731 '9441 977. 948 99ail +3.5\ -1.8, 1,943! 1,9211: -1.1 Stocks, end of month ______thous. or dozen gannents __ 1 New ordcrs _____ thous. of do·t.en. ga.rmputs __ i::gi u;g:l ... Unfilled orders, i:ig~ ·~,~~g~ t :u~g, i:~~ u~~1 j~:~i =::~~:~t -~~~~~------~~~~~~-~:~~~1 end of month_thous. of dozen garments--~ 1,620\ 1,51a •I,5o8 •1,6321 1,677 2,oo9l 2,3581 +2.si -28.9 -~ ------11--- ... - 1 1 1 Burlaps and I<'ibers i 'II I I 'I i, II Imports: I i I .i I d I i, 't• Rurlaps. ------·---· ... thous.· of lbs .. 42,0671 41, 952 45, 73s'i 73, ou~i a, o53'jl 57, 109 : til, 7351 1 -2. sl + 15. 1 118, 844: 144, 151 +21. 3 Fihers (unmanu'actured) ...... _lOng tons .. , 1 26, 6131 30, 554 24,9.50 i 30, 262i 23, 64011 34, 10911 43, 524,11 -21. 91 -4.5. 71 77, 6331 53,9021, -30. 6 I Pyroxylin-Coated Textiles I ! ! i i II Pyroxylin spread______thous. of lbs .. 3, 875\ 2, 783 I 2, 46o: 3, ogsl a, 093\ 5, 389i 6, on -o. z; -19. II 11, 4C2 "· 191 . -46. o Shipments billed. ______thous. of linear yards .. 3, 529, 2, 5161 2, 050 1 2, 786 2, 708 4, 3031 4, 603 -2. s1 -4L 2 s, 906 5, 494 • -38. 3 Unfilled orders, end of 1 montb ______thous. of linear yards .. 2. 403, 2. 045 1. 747 2. 373 2. 404i 4. 286 4, 099; +!. 3 -41. 4r~------~------,______1 Fur 1 1 Sales by doalers ______thous. of dollars .. 8,1871 4,163 2, 262 2, 968 7, 667 10, 188 14, 157,1 +158. 31 -45.81 24, 345i 10,63.1 -56.3 Buttons I . I I I li'resb-water pearl buttons: Production ______ratio to capacity.. 48.1'1 52.1i ------1------i ...... '...... Stocks, end of month ______thons. of gross .• 10,686 11,249; ______Imports: l ______~------··t··------·- Buttons- Product of Philippines. thous. of gross .. 6zl 70 +10. 9 + 4 100 135: +35. o All othor ______thous. of gross .. 1 ~. 1 Shells- Mother of pearL .•...... thous. of pounds .. 828 ::~~--~~~~r~;~~~ ~.~::1 1.:: 1 :::: All other ______thous. of pounds.• 52 240 ------1 +115.0 5231 548, +4.8 Taqua nuts ______thous. of pounds .. 3, 015 1 2, 383, -53. 5 -80.0 5, 467 1, 6261 i -70. 3 tRevised. 25 TREND OF BUSINESS MOVEMENTS-Continued

1929 The cumulatives shown are through Feb­ .:... ~J -:: .. -~~~~~ ::~~~r· .~=;~:~;~.~~~· ruary. Barlier data for items shown here may be found on pages 27 to 138 of the February, 1930, usurveyu Novem­ Decem· lj 1930, 1930, lcumu- October ber January February January February 1rom ¥o~ 1929 1930 l~~koe ber 1 1 'I ' 1,'1 II an., e ., I 1930 1929 1 from

IRON AND STEEL - I ,.. ~~--·1· -~~--~---~ 1~---~ !I--I Iron :c\ianganese ore, imports ___ thous. of long tons __ 24' 15 as! 22't 151 211 -42. 11 +4. 81 36 60 I +oo. 7 Iron ore: Imports ______thous. of long tons __ 2~:1 269 286 2931 203!1 180 24111 -30.7 -15. 8, 421 4961 +17. 8 Consumption ·------thous. oflong tons __ 5,366 4, 701 4,076 4,10111 4,0621' 5,195 4,81911 -1.0 -15.711 10,014 8,168'. -18.5 Stocks, end of month: 1 ! I ! TotaL ______thous. oflong tons __ 41.135 41,500 37,646 33,5281 29,475 1 30,189 25,4141-12.11 +16.01_·------· At furnaces ______thous. oflong tons __ 34,770 35,010 On Lake Erie docks ___ thous. oflong tons_._ 6,365 6,490 Pig-iron production: 3::!::111 Total, Un'ted States __ thous. of long tons __ 3, 588 3,181 2::::, 2::::i, ::::! 2::::1 -~~:: ~::::1-::_::~.=~~~ ::::::~~~~~ -14.8 Merchant furnaces ____ thous. of long tons __ 685 6831 724•1 6J3 555,, 7911 707 -9.5 -21.5 J, 498 1, 168 I -22.0 Canada ______thous. of long tons __ 91 87 1 831 871 7lij 88 94 -18.4 -24. 51 1821 1581 -13.2 Furnaces in blast, end of month: Furnaces __ ------__ number __ 203 177 Capacity. ______long tons per day __ 113,600 98,450 88, "· :li! ,,:;:::: "'· ,, :J:l: 1u, :-:::::::: ::::::::::: Ohio gray-iron foundries: ~~l~ ~ m 'I = :Meltings- 1 ActuaL ______Iong tons __ 23,855 17,196 NormaL ______long tons __ 20,627 19, 105 11 Ratio to normaL __ per cent of normaL_ 90.0 Stocks, end of rnonth __ per cent of normaL_ 115.61117 109 Receipts ______per cent of normaL_ 112 84 '~I '\~ ii~lil'~~l ~], ~~ ~J1lll,},~==:~:::l =?1~ Malleable castings: Production __ , -:------short tons __ l '65, .')261 '46, 459 Operatmg acttvrty _____ pcr ct. of capacity __ '47. 7 Rhiprnents ______short tons __ '66. 71 '4,64;;1 '6h:~~~ 666~~:~1 737~~~~ 737~:r +~g:? =:g:~: ----~~:~~ ----~::·-~~~r-13.5 '58, 733 2 46,487 '47,689 '57,596 58,8471 77,231 71,093 +2.2 -17.2. 148,324 116,4431 =~:~ New orders ______short tons __ ! '40, 145 Wholesale prices: Foundry, No.2, northern ______dolls. per long ton __ I '6:~~:1 20.26 Basic (valley furnace)_ dolls. per long ton __ 18.50 18.50 .~r;; .·; ~~ 00~~~ ,~~ ,;;;~I :; ; -~;I :::'~·': :,,,·; Compos!te pig iron ____ dolls. per long ton __ 19.03 19.10 Cast-iron Boilers and Radiators I . I I I II :1 I Round boilers: 1 Production ______thous. of lbs __ 15,407 11,430 8, 972! 10,3561 10, 659!1 11,2481 12, 488'1 +2. 9 -14.6 23,736 21,0151 -11.5 Shipments _____ : ______thous. of lbs __ 23,487 12, 162 10,4531 7, 304! 5, 516j't 9, 6051 7, 6761 -24. 5 -28.11 17,281 12,8201 -25.8 New orders ______thous. of lbs __ 1 19,583 10,652 9, 184 I 6, 356j 5, 158, 8, 2241 7, 071 _1' -19. 0 -27. I: 15, 295 11, 524 ~ -24.7 Stocks, end of month ______thous. of lbs __ 66,509 66,476 65,8551 67,8361 73,404! 77,015 80,880 +8.2·1 -9.2,------' Square boilers: Production ______thous. of lbs __ 32,819 23,521 -35.9 Shipments------____ tlrous. of lbs __ 43, 185 24,382 ~; gi~ll ~: ~gl iA: ~~rll ~~: ~~~r ~l: ~~~!!1. _-!;~: ~ =~~:~I ~: rg~ ~!:~~~I -25.3 New orders ______thous. of lhs __ 35, 715 23, 109 17, 972'1 13,3451 !0, 4151 15,866 13, lllj -22.0 -20. "i 28,977 23,760 i -18.0 Stocks, end of month ______thous. of lbs __ 135,030 134, 117 126,800 132,837 143,6381 136,986 153, 759 , +8. I -6. 6~------1 Radiators: l'roduetion __ thous. sq. ft. heating surface __ 12,299 8, 634 6, 821 9, 253,• 9, 222! 14, 512 14, 354d1 -o. 3 -35. 8! 28, 866 18,4751 -36. o Shipments __ thous. sq. ft. heating surface __ 18,214 12,501 9, 9051 6, 047 1 4, 4331 9, 407 7, 316jl -26. i -39.41 16,723 10,480! -37.3 New orders __ thous. sq. ft. heating surfaee __ 16, 148 12,648 Stocks, end of month ____ thous. sq. ft. heating surface __ 53,715 49,500 4::::: i -31.8 Gas-fired boilers: 4::::~ 5::::: 5~:::1 5::~::1 ~~:::1 ~:::!1-----~~·-~~~ -----~~·-~~~~~ Shipments ______dollars __ 522,400 273,092 188, 118,418 111,4011 115, !OOj 129,96 -5.9 -14. 3'_1 245,066 229, -6.2 Shipments ______thous. B. t. u __ 063~~~ 61 819~~ 427,629 241, 2851 164,6351 100,030 91,6441 88,463. 100,888 -8.41 -9. 2~ 189,351 HJI, 674 i +L 2 Production ______thous. B. t. u __ 317, 234 l8i, 095 1 Stocks, end of month ______thous. B. t. u __ 1 808,223 764,098 1 1 Crude Steel I StN•l ingots, prorluction: l'nited States, totaL __ thous. oflong tons •• 4,512 3, 5131 ':jll ~::· i::11 ~:r ~~9~-~~~ -~:~ +::r ~·~~~ ·~~: -~:: R!>tio to capacitY------· __ per cent__ 85 69, CanBrla ______thous. of long tons __ 941 ~~ ~I~, ·1g~il ~~~ ml +~~:6 =ur------233------222 --:.:4:7 U. S. Steel Corporation: 1161 Unfilled orders, <'nd of month ______thous. of1oug tons __ 4, 087 4,1251 11 1 Steel mstings: ""!I '· •oo[ ""''' '· '"I •. •« +", +"I ...... Production- TotaL ______short tons __ '120, 950 '110, 3101 Ratio to capacity ___ .. ______per cent__ '83 • too,5~~~ '1oo,m 107,65711 93,4~ 97,5~~ =U :j=lg:ii ----~~~~~~: ____ :~~~~7: +t3.6 Railroad specialties _____ . __ short tons •• '50, 102 '49, '761994 Miscellaneous ______short tons __ '70, 848 '60,316 ' M, "'I '~. "" "· ,;~,, "'"' ""'' _,.' H. •: "'" "· '"· +».' New orders- TotaL ______short tons __ 1 ' 136,2211 Hatio to capacity ______per cent __ '94 '97,8~1 ::~:.:;11 ,·!:~:.~; !;:::;; 1::::~;11:::~~ +~;;; +~~;;; ____ ;;;:;;; ____ ;~;:;;l_;;~; Railroad specialties ______short tons._ '72,432 '41,361 2 33,980 I 2 42,502 53,901 64, 80\l 58,903 +26. 8 -8. 5! 123, il2 96. 403l -22. I 1\fisccllaneous ____ ··------._short tons. _ 2 63,789 !! 56,538 '56, 326fi 2 59, 141 60, 7631 59, 5(}1 56,736 +2. 7 +7.11 116,240 119,904 +3. 2 Sheets, hlack, blue, galvanized, and full finished: 1 I 1 . Pro1~~tW-~::-:-----:--·--- _____ ._net tons--! 319,6601 204,0711 Ratw to capacity ______.per cent __ 95.3 65. 8. ,.,~,~~~ "Wl ~·,t~ll ":;:: ~~~~ +l:l :Ji l~ ."':'~ .... "':~' _,_' 0 Stoc~~t~l~-~~-~- -~~~::-: ______net tons_.! 169,390 178,73611 Unsold ______------_net tons __ 63,174 71,680 Shipments ______net tons_-~ 291, 135 ~~HH/1 ~!U~~ ~tm 1J :!H~ ~~!:~~ ~H ~~~:~! ::::~~;6;; ::::~~~;ii{~~.-~ New orders ______JJet tons __ 2&~.R10 207,2001134,391 29 3 Unfilled orders, end of month ___ .nct tons __ 478,038 395,696 ~::1~~ ~:m ~?~:m[ ~~~:g~g ~::~~~ -~~:~ =~u ____ ~::~~~ ----~~~~~~ - . Wholesale prices: 1 Steel billets, Bessemer _dolls. per lo~~ ton __ 1 1 35.00 35.00, 34.60, 34. oo 33. ool 33. oo 83. 25 -2.9 -o s1 Iron and steel comp ___ dolls. per lo.,. ton __ 1 36.27 36.04j 3 3 3 3 3 Structur.al ste~l beums ___ dolls. pert· 1 bs __ t I. 90 1.901 Composrte fimshed steeL dolls. pert:. , hs- •.1 2. 51 2. 50; U8 I ~:: ~: ~l1 ~: ~ ~: ~ =H =U ~~~~~~~~~~~ ~~~~~~~~~~~~ 'Revised. 26 TREND OF BUSINESS MOVEMENTS-Continued --··-·=------.==-c=:· ======;==c======:===----==== 1 1 I PER c~NT ;N~ :1,!· cuMULATIVE TOTAL -~ P~~-ct. 1929 ~~ 1930 1929 CREASE (+)OR, FROM JAN. 1 THROL'GH crease 1 The cumulatives shown are through Feb­ ------,-----111·----,- --1 ______! DECREASE-~~j FEB. 28 I 0~-1;;~ ruary. Earlier data for items shown I 1 (I I· crease here may be found on pages 27 to 138 i ! 1 Feb., . Feh., 1 , (-) of the Februarg, 1930, usurveg" 1 1 I N Decem- I ' 1 1930, I 1930, 11 :,cumu- October I ~~~m- her January :Februaryi January February, from from !i 1929 1930 1ative 1 1 , 1 Jan., I Feh., '' I' 1930 I 1 1930 1929 i! :i fi~~ ---·------·-- -~------~------r-----1--- ,i ------i1 IRON AND STEEL---Continued I I ! II I Fabricated Steel Products 1 Steel ha!Tels: II !\ il II I 1II Production._------______.barrels._ 629, 976! 572,621 624.3651 582,407 604,7091 5.18, 492 567,398 +3. sl +6. 611 1, 125,890 1, 187, 116' +5. 4 Ratio to capacity ______per cent.. 52.51 1 Shipments ______.. _.barrels .. 1 1 1 638,6811 567~g;;~ 61s~to~ .m~~6~ 599;~:Ji 548:~8~ 563;~3~1 +UI +~: ~ h;ii:i;iia --i;i74;iis7 1 +5. 6 Stocks, end of month ______barrels __ 56. 212 61,576 67,938 1 75,582 80,967, 56,376 60,242 +7.1 +34.41------,'------1 Unfilled orders, end of month _____ harrel~-- 901,621 993, 601 1, 338,9331 1, 408, f>ll 1, 591, 9271 1, 661, 710 1, 543, 846 + 13. 0 +3. 1 II __ ------.. ill __ ----- Track work, production ______short tons.. 12,902 11, 326 10,8261 11, 830 12, 524l 10, 344 12, 1801 -j-.5. 9 +2. s I 22,524 24,35\ +8. 1 Iron, steel, and heavy hardware sales ______------.rei. to Jan., 1921.. 243 Lock washers, shipments ...... thons. of dolls .. 263 ~~ -- ·----i75[··--·--287 ------2951 ~: m~---+z.-sl·-·::6:91 _____ ---6ii7 ------582::·:.:4.-i- Steel plate, fabricated, new orders: TotaL __ ------.short tons .. 32,099 Hatio to capacity ______.per c·ent .. 39 42,~ 23,5~8~~1 '5o,p~~ 21,1~~~ 32,8~1 58,6~!1 =!~:£1 =~~:~j: _____ ~~~~~:-----~~~=~:L-:~~~~ Oil storage tanks ______short tons .. 8, 786 9,033 3,669, 7,432 7,39611 11,055 16,093 -0.51 -54.01' 27,148 14,8281-46.4 Steel bars, cold finished, shipments.short tons._ 39,296 Steel boilers, new orders: 27,6481 23,705 35,845 37,7451 50,276 52,9341. +5. 31 -28. 7!1 103,210 73,5901 -28. 7 Quantity------.. number .. 1, 712 Area ______. ______thous. of sq. ft.. 1,239 1,0291 942 8811 1,075 1,042,11 -6.0! -!·'·5:~ 2,117 1,823\!. -13.9 1,871 1,160 880 1,082 935 1,252 1,196 .. -13.6i --21.8, 2,448 2,017, -17.6' Iron and steel: 1 Exports. __ ----·------.long tons __ 247,646 Imports ______long tons._ 241,829 215,242 225,090 197, 4?6 11 274,296 259, 711·1.1 -12 ai -~4. ol.i 534,007 4~2, 51611 -2o. 9 49,fi02 44,045 39,022. 34,110 35, sao 45,573 45,333 . +a: z! -21+ 90,906 ,o, 540, -zz. 4 Water softening apparatus, shipments .. units __ 1, 450 I, 068 - 831' 1, 240 ~- 141 I, 080 1, 506.1 -8. 01 :;:_24. 2! 2, 586 2, 381 I -7.9 Water systems, shipments .. ______units .. 12,254 8,758 .,237, 8,296 •,853111 7,935 6,450 -5.:!1 • 21.81 14,385 16,149: +12.3 Pumps: Domestic shipments- I I I I I Pitcher, hand, etc ______units .. i ,I I I i• I 41,566 3fi, 062 37,849: 244,389 49,12711 50,723 48,135[ +10.7[ +2.~i' 98,8~8 9?,5161 -5.4 Power, horizontal type ______units .. 2, 532 I, 786 Steam, power, and centrifugal- New orders. ______thous. of dolls __ 1,868 1, 533 1 Shiprnents ______thous. of dolls __ 1, 934 I, 535 ;;;~~~~ i;;~; :::::~;~~~ ~~ ~;~; ;;;;;~~~::~~5~6~--:~5~8: ·:: ·:4~~;~ ::::::~;;~l~;~~~ Unfilled orders, end mo.thous. of dolls __ 3, 981 3, 975 Agricultural machinery and equipment: 3, 78711 3,842------1 3,800 3,6591 ______~--- .,! ------'------Shipments- TotaL ______rel. to 1923-2.5 __ 167.4 135.2 Domestic ______rel. to 1923-25 .. 134.8 90.0 Foreign ______rel. to 1923-25 .. 334.6 367.1 Production ______rel. to 1923-25 __ l~!1l ~!:! lll:! lit~ 1 i 157.1 li 163.3 lj : Foundry equipment: 171.3i' 177.8 ------11· 168.1 177.31·------1------+------~------New orders ______rel. to 1922-24 __ 245.3 128.6 208.0· 160.1 196.4\ 180.5 197.o . +22.<1 -0.311------1------Shipments ______rel. to 1922-24 .. 214.1 152.2 201.9\ 223.6 169.6 177.3 214.81'1 -24.21 -21.0, ______[______Unfilled orders, end of mo.rel. to 1922-24 .. 492.5 445.4 Stokers, mechanical, sales: 473.21 395.6 424.7 336.1 321.2 +7.41 +32. 2jl------!------178 107 ~~!~~~~::_-_-_-_-_-_-_-_-_-_-_-:_-_-_-_-_-_-_-_-lior~e~!'~~~::l 791 253 731 97 8o1 +37. '! -~. ,1 , 111 1201 -28.8 56,108 39,469 44 976 2 13, 198 22,6481 42,392 31, 554] +71. 6 -28. 2.1 73,946 35,846! -,,1. 5 1\Iachine r.ools: , New orders ______rel. to 1922-24 __ 1 322 179 , 1661 182 nol 292 336 -6.61 -·l9.41i ______!______Shipments ______rel. to 1922-24 .. 315 251 Unfilled orders, end of mo.. rel. to 1922-24 .. 697 629 Electric hoists: ~:,~ ~~~ ;!i ~~~ ~g~ +!q =~Uji::::::::::: ;:::::::::: !::::::: New orders- Quantity ______------______.number __ 1I I . li fi 461 412 39211 369 as7 533 . 750 1 +4. ?I -48. 4\i 1, 283 _ 756! -41. 1 Value .. ______dollars._ 231 3i2 214, 661 1 Shipments ______.dollars __ 227,897 194,832 184, .1021 253. 194 346, 8101 -5.31 ~46. 811. 600,004 3i9, ~34\i -3~. ~ 233:215 224,647 198,500 220,678 ''22 107 213,663 201, 404·\1 +O. 6i -:-10. a · 415,067 442, 185\ +u. , Electric overhead cranes: I 11 Shipments ______thous. of dolls .. 1, 322 1, 162 1, 380; 977 • '77:ll 852 586 -20. 9i +31. 91: 1, 4381 I, 750\1 +21. 7 New orders ______thons. of dolls .. 1,142 1, 405 2 5 li nfilled orders, end of mo._ thous. of dolls._ 4, 699 4, 933 Woodworking machinery: 4 I~! , a.i~ 3J~~ U~ U~~, +~Oj: ~~ +iUj' - -- ~~ ------~·-:~~ i-~~~~~ New orders ______thous. of dolls .. 1 l 1, 251 1,009 1:. 013 1, 111 1 1201 1, 949 I, 8931'1 +O. 81 -40. sli 3, 842 2, 231 -H. 9 Shipments ______thous. of dolls .. ! 1, 568 1,186 1. 074 967 '9341 1, 420 1, 490 -3.4 -37.31: 2, 910 1, 9o1[ -34.7 Shipments ______number of machines __ 1, 246 852 1 Cancellations ______thous. of dolls .. 7.2058411'1 759 5361 998 1, 003'11 -29. 4l -46.? i 2, 001 1, 2951 -35.3 47 :l5 12 64 50 57 ·------, +12.31 107 76j -29.0 Unfilled orders, end of mo.thous. of dolls._ 1, 461 1, 257 20 Electric industrial trucks and tractors: 1' Shipments, domestic- 1241 1,;: 1,::1! 2,;:: TotaL ______number of vehicles .. 134 110 2,~::· ::~::il ~;:_:t------~::1·------~~11 ~::~: Exports. ______number of vehicles .. 33 8 27) 17 71 19 3 -58.8 +133. a!: 22· 24 +9.1 }'ire-extinguishing equipment, shipments: 1 Motor vehicles. ______number __ 118 134 Hand types ______numher.. 2 127, 91 831,, 90 76 -8.81 +~. 21· 166 1 174 +4. 8 47,840 36,0781 34, 330•' '43, 6511 47, 091; 45,608 47,376' +7. Yj -0.6' 92,984 90,7471 -2.4 Patents issued: i 'rota!, all classes ______number __ 4,4e2 3, 519 4,634 3,163 3,5921 3,835 3,127 +13.61 +14.91· 6,962 6,7551-3.0 Agricultural implements ______number .. 63 43 49 40 38 47 41 -5.0 -7. 3,: 88 78 -11. 4 Internal-combustion engines _____ number.. 86 40 62 42 57 51 48 +35. 7i + 18. k\' 99 991 0. 0 Oil burners: 1 Shipments, totaL .•.. number of burners __ 15, 037 7, 213 4, 7801 2 3, 469 2, 940 II 3, 037 3,113 -15. zl -.>. 61 6,150 6, 409 +4. 2 Stocks, end of mo ...•. number of burners .. 7,480 6,486 New orders ______number of burners __ 13,346 6, 661 g~ ~:!~~ ~:z~~ ~:~~ ~:iti ~lUj +_!q,------6;709 ------ii;7aii --+ii~:~ Unfilled orders, : end of mo ______number of burners .. 2,318 1, 766 1 9191 2931 1,455 ! 1,322! 1,4101' +o{;.a 1 +3.21(·------~------1 NONFERROUS MJ<;TALS i 11 1 Copper I Production: i "li I I :[I, 0 Mines.. ______------______short tons __ 75,9341 Smelter ______.. short tons .. I 82,57.51 74,m! 267,838 59,5471, 86,3251 84,735 -12.2! -29 ,1! 111,o60 127,385 -52.5 97,4051 94, 861 89, 789 2 84,451 74,094 i 101, 151 95,234 -12. 31 -22:211 196, 385 158, 545 -19. a Refined (N. and S. America) ..short tons .. l 152,840 145,376 138,203 132,374 121,1951 154,472 141,385 -8.41-14.3,1 295,857 253,569 -14.3 World production, blister•••.•.••.. short tons .. l' 175,360 170,585 2165,728 2154,252 139,2291 178,783 167,090 -9.7 -16.711 345,873 293,481 -15.1 Domestic shipments, refined ______short tons •. 105, 729 68,979 58, 150 69, 932 61, 879 100, 135 98, 771 -11. 5 -37. 4 I 198, 906 131, 811 -33. 7 Exports.------..short tons __ , 44,502 27,524 28,807 24,808 24,4271! 52,523 49,896 -1.51 -51.01' 102,4191 49,235 -51.9 Stocks (North and South America), end mo.: 1 Refined ______short tons .. i 88,401 126,919 171,320 203,404 233, 1231[ 62,749 55,213 +14. 6 +322. 21: ______------Blister ______..short tons._: 254,786 258,192 Wholesale price, electrolytic _____ dolls. per lb __ l .1778 .17781 26\~~-1 '27\Ws ~i~~~ I 24~i~~gl 24\~~ -~: g +~: L::::::::::l::::::::::: 2 Revised. 27 TREND OF BUSINESS MOVEMENTS-Continued

======-=--=-=c=--=----·=-======c~=c==~===r======c=====c=====~= I ·, Per ct. PER CENT IN- CUMULATIVE TOTAl. in- 1929 1930 1929 CREASE(+) OR FROM JAN. I THROUGH,1 crease I DECREASE(-) FEB. 28 I (+) The cumulatives shown are through Feb- 1----,------, ------11---..,---·-11----....,----- or de- ruary. Earlier data for items shown I1 1 J 1 crease here may be found on pages 27 to 138 I I Feb., Feb., ! (-) of the February, 1930, usurvey" N l 1 1930, J 1930, Icumu- October ' b~~m- D1,C:~m- January 1Febrnary1 January February from I from 1929 1930 lative 1 1 I Jan., J Feb., I I 1930 930 9 NONF~-;ROUS METALS~~:inued ------i---1------~ _1 -~~~-~~----I·------~J : ! I I ! i Tin 1 1 Deliveries (consumption) ______long tons __ 6, 515 6,595 5, 740 5, 815i 4 940 8, 795 6, 750 -15 01 -20.8 15,5451 10, 755i -30.8 Stocks, end of month: \Vorld visible supply .. ______long tons .. 25,580 25, 171 28, 140 29,032.1 33:5811 24,237 26,402 +15: 7 +27. 2 ------United States ______\ong tons-. 2, 720 2,050 3,081 3,626j 2,611 3,307 +17. 71 +9.6 ------~______: ------Imports ______long tons .. 6,201 5,818 2,82015,253 Wholesale price, pig tiu ______dolls. per lb•. .4235 .4022 .3979 :a~~i, ~a~~~~~ ~4~i~ \g~~~~l --.:~: ~~ =~1: ~ 1-----~~~~=~~-----~=~~~~:t-~=~~~ Zinc ,, I r· Retorts in operation, end of month._ number.. 66,996 58,083 57,3751 'I ii I 67,63111 I Production. ·------short tons __ 50,938 47,620 48,590 g~; ~~~ ~~: ~~~:i ~g: ~~t 48, 154 -1~: Ii -~~j ---·-97;s6a·-----96;o571·-:..:i:s Stocks, end of month ______short tons-. 57, ll6 63,061 77,262 87,9331 90,70311 45,418 40,6201 +3.21 +123.3~---·- -·- - . ------Ore, Joplin district: Shipments ______short tons __ 48,810 42,418 ·39, 641 Stocks, mines, end of month. __ short tons .. 44,622 57,943 47,637 ' ~: ~1~: ~g; ~~1il ~gb~ ~: ~~ -1~. gl iU -----~~~~~~ ---~~~~~;:~~~-~~~~ Price, slab, prime western. ______dolls. per lb .• . 0674 .0624 . 0567 .0523i .051811 .0635 .0635! -1.0 -18.4~------·------·-· -·----- Lead Production ____ .. __ . __ . ______. __ ..• short tons .. 61,813 59,760 Ore shipments: " "" ' """"[ "· u•l! " "" ",.1 +: " H. 'i >OO,"<> oo, "1 _,,' Joplin district ______short tons .. 7, 588 8,850 Utah .. ______short tons __ 77,693 89,545 Receipts in U. S. ore ______short tons __ 58,364 51,674 Stocks, U.S. and Mexico, end mo.short tons __ 167, 192 161,671 Price, pig, desilverized, N. Y _... dolls. per lb .. . 0687 .0629 ·ilil] .~l~l =m~11 .~ill! .~ 7·~ ~Gl~:=~mm ~:~ ~m 1 ~m1 Other Metal Products 1 Babbitt metal, consumption: Total apparenL ______thons. oflbs .. 5, 519 4,5221 3, 3431 ' 4, 4081 3, 727:: 6, 093 5, 720 -15. 4 -34. 8 11, 813 8, 135 -31. 1 Direct by producers ______thous. of lbs .. I, 512 1, 316 949 '1,0031 9011 1,217 1,025 -10.2 -12.11 2,242 1,9041-15.1 Sale to consumers ______thous. oflbs_. 4,007 3,206 2, 394 ' 3, 405 2, 826: 4, 876 4, 696 -17. o, -39. 8 9, 572 6, 231 -34. 9 Copper wire cloth: 1 Prodnction ______thous. of sq. ft__ 422 441 437 486< 423-I 461 411 -13.0 + 2. 9 872 909j +4. 2 Shipments ______thous. of:;q. ft __ 417 367 377 437 1 3511 412 305 -19.7I +15. 1 717 788! +9. 9 Stocks, end of month••...• thous. of sq. fL. 933 973 1 1 1 New orders ______thous. of sq- ft .. 454 504 I,~~~ • ~~~ ' ~~I I, g~ '~Ib I ~~Ji +~: gi ·--·-·-·786 ------858: ·-+9~2 Unfilled orders, end of mo_thous, of sq. fL. 257 302 402 246 3031 302 325 +23. 2! -6. Make and hold orders, end 8~------·-1------· 1 of month ______thous. of sq. ft__ 499 570 546 4851 561! 486 494 +15. 71 +13. ti, ·------·-·------·-·1 ·--·--· Pails and tubs, galvanized: Production._-----·--- __ ·--·--- ___ dozens __ 129,282 102,400 Shipments_ ... __ ·-----._. __ ._._._ .dozens .. 135, 197 90,684 Other galvanized ware: Production. __ ·-·-- __ -· _._ ... _._ .. dozens .. 45, ll7 32,951 33, !14 Shipments .. ______. ______dozens .. 49,511 30,123 25,441 Enameled sheet-metal ware: Shipments._·-·-·---·--- ____ dozen pieces .. 371,292 305,714 Electrical Equipment Electrical porcelain, shipments: Standard._ ------·-·------dollars .. 123,222 109,258 102, 5471 243, 612 223, 365 -8. 3 SpeciaL •.. -·-···--··-·------dollars .. 176,323 144,652 121,3081 121, sao: 116,754 128,299 144,025 _ -;,8_ . 71 : 18 .. 9 212,324 244,584 ------Glazed nail knobs_ ...... -thous. of pieces .. 4, 404 ------1, 7501' 4, 454! 2, 7011 4, 383 3, 7611· 3• 47 28 2 8, 114 7, 155 -11.2 Unglazed nail knobs ____ .thous. of pieces .. 1, 605 ------I, 186 2, 3091 1, 863 I 2, 906 2, 103 -19. 31 -11. 4 5, 009 4, 172 -16. 7 Tubes ______thous. of pieces __ 1, 645 ------717 1,6271.' 1,29I,il 1,911 1,468 -20 7i -12 Ii 3,379 2 918 -13 6 Laminated phenolic products, . I . ! ' I . shipments __ --·. ______..... ·-...... dollars .. 1, 644,570 772,482 617, 565 819, 629i 773, 20511, 247, 653 1, 372, 745 -.5. ?I -43.1 2, 620,398 1, 592,834 -39.2 Outlet boxes and covers, shipments .... pieces .. 2, 850, 984 2, 036,381 Vulcanized fiber: Shipments, totaL ______.thous. of dolls __ 7!81 1, 465, :~:I 2, 448, ~:~~-:~:~~~::: 3, 273, ~: 2, 16~ :: --=~~~t=:~J --~~~:~:: :~~~~~::~ -=~:~~ 942 1 __ Consumption ______thous. oflbs .. 4,013 2,9991 11 7 Industrial reflectors, sales ______units .. 179,068 137,9421 1a~: ~~~II 1a~: ~~&,-·-ioii;o2ijl 14~: ~~, 13?:. ~1 ~~~i~j ~~~22~~~ ~:::~~~~~~ ::::~~~~~~1 1, :~~~~~ Power cables, shipments...... thous. of fL. 3, 288 2, 2971 2, 087 1, 627~------·-ji 1, 9951 1 7 1 1 ------Power switching equipment: 1 New orders- 1 1 1 1 Indoor __ ---·---· .... ·-_. _____ .dollars .• 175,077 130,408 146, 189 159, 869! 135, 513ll 155,569 127,8071 -15. 2! +6. o 283,376 295, aszli -1-4.2 Outdoor ______....dollars •• 503,226 364, 769 464, 0691 346,035 390, 866 304,866 -25.41 +13. 5[ 695,732 810. I04Ii + 16. 4 Motors (direct current): 371,5921 New orders ______dollars •• 1, 214,044 921,543 Billings (shipments) ______dollars •• I, 089,590 860,552 1, Flexible cords: ~~~: ~~~ ~~g: ~~:!======I ~~: ~~~ m: ~~~ ======/======! ::::::::::: ======r ::::: Shipments.... ------·-··-·---thous. of fL. 51,840 43,897 33,916 40,28Q! ______I 49,909 45,973 ------~------·!------·!1'·-----· Stocks, end of month ______tbous. of ft .• 52,459 48,305 58,239 48,4941 ______1 41,757 45,238 --·-·--· ------· ------· Welding sets, new orders: Single operator ______units __ 302 248 Multiple operator __ ------·Units __ 7 7 1 Nonmetallic conduits, shipments.thous. of ft._ 8, 015 6,180 4, 7. 5. Electric furnaces, new orders_ .. ____ kilowatts __ :~ ------~:!! ~ =~ :n :i -~~~~~--~~~~~~------~~ ______::~~~-~~~~~ 7, 208 3, 218 2, 991 8, 6301 4, 015 10, 769 12,092 -53. 51 -66.81 22,861 12,645.1-45.7 Manufactured mica: Shipments ______thous. of dolls __ 274 179 149 227 206 285 289 -9.31 -28.71 574 433 --24.6 Unfilled orders, end of mo.thous. of dolls .• 206 224 2191 230 305 338 +5.ol -32.0~------·---·-· ______1671 1 DeliX~~~~t~c_c_o_~~:~~~~~~~c-~-~~~~~:.dollars .• / 167, 129 172,495 184,652 240,428 233,176 124,671 '159,913 -3.oJ +45.81 ------~------Delinquent firms ______number.. 1,392 1,152 1, 170 1, 486 1, 465 1, 037 '1, 128 -1.4 +29. 9 ·------· ·--·· ·- :Revised. 28 TREND OF BUSINESS MOVEMENTs-Continued

PER CENT IN· CUMULATIVE TOTAL ipl~~t. 1929 1930 1929 CREASE (+)OR FROM IAN. 1 THROVGH j crease I I DECREASE(-) FEB. 28 1 (+) The cumulatives shown are through Feb- !-----,----,-----I----.----! ___ ------.. --- --·-II------.---II------,----IJ or de- ruary. Earlier data for items shown 1 crease here may be found on pages 27 to 138 Feb., Feb., (-) of the February, 1930, "Survey" Novem Decem-~ 1930, 1930, cumu- October ber - ber IJanuarv February January February from from 1929 1930 lative

;~~0 ~~g9• J lr~:: ------11-----11-----' 1929 Production: AUTOMOBILES ------~------~~-- United States- TotaL ______number of cars__ 1 380,017 217,5701 120,004 '2i3, 170 323,962 401.037 41l6, 41~ +18. 6 -30.5 867,455 597.132. -31.2 Passenger cars ______.number of cars .• l 320,327 169, 2821 91, 235 234, 527 275, 811 347,382 405, 70R +17. 6 -32. 0 753,090 510, 338, -32.2 Taxicabs ______number of cars.. 808 1, 646 1, 483 572 1, 0221 2. Oii4 2. !OF +78. 7 -51.5 4,172 1, 594 -61.8 Trucks ______numbcrofcars.. 58,822 46,642 27,286 '38,071 47,129 51,591 58,6021 +23.8 -19.6 110,193 83,200 -22.7 Canada- I TotaJ ______number of cars.. 14,523 9, 424 5, 495 10,388 15,548 21,501 31.287 +49. 7 -50.3 52,788 25,9361 -50.9 Passengercars ______numberofcars . .l 8,975 7,137 4,426 8,856 13,021 17,164 ~.£84i +47.0 -49.1 42,748 21,877 -48.8 Trucks ______number of cars .. ! 5, 548 2, 287 1, 069 1, 532 2, 527 4, 337 o, ,oa, +64. 9 -55.7 10,040 4, 059 -59.6 Exports (assembled): I !, From United States- I TotaL ______number of cars.. 32,443 25,815 32, 115 28,169 25,482 37,665 55,058 -9. 5 -53.7 92,723 53, 651 -42.1 Passenger cars ______number of cars .. ! 20,931 13,929 13,830 I 15,293 18.732 24, 631 35,253,1 +22. 5 -46.9 59,884 34,025 -43.2 Trucks ______number of cars.. ll, 512 11,886 18,285 12,876 6, 750, 13,034 19,8051 -47.6 -65.9 32,839 19,626 -59.6

Fro'¥o'i.:J~~~-~-=----·--·--number of cars.. 9, 637: 5, 905 4, 866·1 1 2, 953 4, 2371 8, 971 10,849 +43. 51 -60.91 19,820 7•. 1901 -63.7 Passenger cars ______number of cars .. l 5, 635i 3, 522 3, 015 1, 317 2, 498 5, 640 7, 694 +89. 7 -67.51 13,334 3 8151 -71.4 Trucks ______numbc,rofcars.. 4,002 2,383 1,851· 1 1,636 1,739 3,331 3,155 +6.31 -44.91 6,486 3,3751 -48.0 Shipments (General Motors' Co.): 1 +g ~~:-:~~~::::::::::::::::~~~~~~ ~i ~:~~== m: ~n: 88: m :g: ~~5 ---~~~~~~ ---~=~~~:~ ~~: ~~~ m: Mg --~=~--~~--:-:~~~~~1 ----~~=~~~·----~=~~~~~,-:-:~~= Accessories an

.,m:~~!~~.:l~~ i! E-1 Jtml ,~~11 ~m~~~ ,~m,~m:: .:,~ ~ ,~m : 'I- - i_l = =-= -~ : !1.1 :::-

Production- I ' i United States .... thous. of short tons._ 51,235[ 45,6771 2 46,814,1 49 7781 39 5551 51,456 47,90C -20.5 -17.4 99,353 89,333 -10.1 canada. ______thons. of short tons__ 1, 56~ 1 1, 519 1, 4881 1; 630 ------~- -- 1, 537 I, 61]. --:_: _- --:_: -_------.- -- -, ------,-~,os~~--:_: -.- - Exports ______.. ______thous.oflongtons __i 1,59u· 1,4861 !,084 953 835 917 99" 12 4 16 411 1 916 1 " 6 7 Consumption- 1 t 1 R~ ~~~~~i~-power_thous. of long tons.. 3431 333i 25811 '4,o2S238 -----a·.-443·--~1 281 267 ------1----·------1~·------plants ______thous. <>f short tons.. 4, 001•I 3, 778ll 4, 02511 1 4, 146 3, 713 -14. 5 -7. 31 7, 859 7, 471 -4.9

By ~~i~1~~!!~:~::::::::: ::::::: ::::: ~: ;::! :::::11 ::;:;II 8, 210 ------1 2 ~: ::; ::::: ---=~~~ ---=j1 -----~;:~;~ -----;~:~~~! --=~--;

1 ,.. :i~~~;i~~i!i5~~Er'l~ I ·::i[ ·:i~ ·:~II ·::~ -~~~ .;~ :_•9: i,; _~ ~ ! -~~.:_-~ 1 =;;;;; ;-.=o;oi.l;;;;~~~- •.•••• =1~1 ~._- ; Production ______thous.ofshorttons __ l 8,332; 6,0421 7,6581. 7,g~~ 6,1571/ 7,337 ""6 . 5 " u ~;i~~;~------thous. of long tons__ 395: 21l7j 313 262 11 2'J8 27• -3.3/1 2 -4. 47 1 14 572, 3 533i5 -6.88 Wholesale,comp ..dolls.perlongton __ 12.999! 12.9991 1!.999/ 13.033 13.0331 13.107 13.107 0.0 -0.611 ______! ______1 Cokfro::t :~~~::~~e- dolls. per short ton .. l 14.981 14. 9Bii 15. ooll 15. oo 15. oo 1 15. oo 15. o; o. o -o. "r------;~~------1 Beehive1 ______thous. of short tons __ 470[ 413 345 1 309! 275J 479 440 -II. 0 -37. 5:• 919 584 -35.5 By-product •..... thous.ofshorttons__ 4,6101 4,321 4,181 4,1961 4,004 4,360 4,0901 -4.6 -2.11: 8,450 8,200 -3.0 1 Production, Canada.. thous. of short tons.. 233, 224 222 225 /------~ 221 202 ------·------1.------~1 ------Exports ______thous. of long tons.. 1 1261 98! ll1 1 10 1 75 104 761 -25.7 -1. 3 . 180 1761· -2.2 I 1 I ~~-connellsvill;~~~~;~~d~ls. per short ton.. I 2. 70:,, 2. 69 2. 64 , 2. 59·,:I 2.60 2. 75 2. 96ll +o. 4 -12.2:------1 ------·-r·---- 1

11 11

Cru~~~~~~~~~~~~---·-----·----thous ofbbls__ 88,099! 78,161 : 80,3391 '75 050 67,923 272,3991: '65,95211 -9.5 +a.ol i::' 138,351 152,577! 1, +10.3 Stocks at end of month- I 1 1 1 1 Tot¥t~~!~~~~~~~-~~~~:::::::~::::: ::::::! ::::~::~~ :::::::111 :::::~: ::::::1 :4:2:·•• 8:5:349111 2::;::::1 :~:; :::~1(::::::::1::::::::::::::::::: Refineries.•.... thous. of bbls.. 44, 86.1. 44,235 46, 30i . 44,508 45,678 '44, 993 -+ 2. 6 +t 5 •.------~------'~·.1------California- 1 1 I I 11 Light. -----··-··-----··thous. of bbls__ 42.0411 41,571 41, 049ll 41.8681 44,241 20, 110 222.075 +5. 7 +91. 7• --·---· 2 -·------~------· Heavy------thous. of bbls__ 111, Ci6' 110,, 7 1~ l 106, 499, '107, 123 107, 7:l9 98, 991 98 •• 9!!·~. _+0.. 6 _+8.. 8i.. ',· ------.- - -. ------•. -, - -'1-:_:--.-- Imports ______thous. of bbls.. 5, iC.6: ,, 5, 8871 5, 450 4.3211 8, 075' u 0 01 4 5 3 1 1 7 0 1 20 7 38 4 15 091 7 1 I 35 Consumption (run tostills).thous. of bbls.. 88, 390; 81, OQI, 80, 66.'lll 80, l!!3, 72,414 1 78,825 72,031 -9.7 +O. 51'1 150, 856) 152,577 +1.1 11 71 7f. 1...... Refinery operations ____ per ct. of capacity.. 79 1.'\ 1 721 1 7<1 0. 0 -6. 6, -·----·---- -···------Price, Kansas-Oklahoma..• dolls. per bbL. 1. 300 1. 3001 1. 300 1 1. 2291 1.1811 1.185 1.110 -3.9 +6. 4 -·------·------1------·

~~rl~~~completed ______number.. 1,556, 1,4071 1,060,1 :1 ;,0: 60:-: :::::~~ 9:6~9: ,1 1,lll 1,090J, -8.6 -11.1 2,201! 2,020! -7.8 Production ..• ______thous.ofbbls.. 3,085 3,400 3,~2oj 1 3,515 3,130 ---···· _ _ . ' I . 1 9 1 Ven:z':ES~~--- ______thous. of bbls ... l 2, 3951 1, 923 1, •0511 1 5 1, 895 101,• 2302~ ~---=5·.--4·1:.:+.:5:_:_5-1:1:::::2::1,:8:4:7:11:::::~-2-,:.4- -1-:71,::+::2:.:.6· Production ______thous.ofbbls.. 11,591. 11,252 1 12,1821 111 11,521 " 1 • Exports ______thous.cfbbls.. 10,718: 11,235[ ll,929l 110,781 10,266.8 1 1 9,982 9,032 -4.8 +13.7d 19,014, 21,047 +10.7 Revised. 29 TREND OF BUSINESS MOVEMENTS-Continued

1009 1930

The cumulatives shown are through Feb­ ruary. Earlier data for items shou:n here mag be found on pages 27 to 138 of the February, 1930, usurvey"

4,848 4, 489 4,398 1, 676] 1,ns 1, lt18 3, 5131 2, 997 3, 205 9, 039 8, 571 8, 565 • 067i . 064 . 062 1 36 261 33,213 31,185 4: 100! 4, 223 ------1, 112r '1,090 748 4, 556 4,4131.920 950 ------913 2, 765 2,880 2, 727 1, 716 1, 288 1, ~62 8, 2691 8, 956 8,852 .362. .351 . 345

'881 191 181 24D 244 261 lOi 5 3 1711 146 140 74& 741 756 30 TREND OF BUSINESS MOVEMENTS- Continued

'IPer ct. PER CENT IN· I CUMULATIVE TOTAL in· 1929 1930 1929 CREASE(+) OR FROM IAN. 1 THROUGH crease DECREASE (-) FEB. 28 I (+) The cumulatives shown are through Feb- 1---~~---~---- 1----~----11---­ ruarg. Earlier data for items shown here mag be found on pages 21 to 138 Feb., Feb., . ~-~ g{e_~; of the February~ 1930, usurvey,, Novem­ Decem­ 1930, 1930, cumu- October ber ber January February January February from from 1929 1930 , Jative Jan., Feb., I ij' 1930 1930 1929 I 1 from 1 ------.---! ------ji-1929- RUBBER-Continued , I ·' I II Other Rubber Products-Continued i I 'I Rubber soles: I I lr Production...... thous. of pairs.• 3,502 3,400 3,0031 3, 496 ------3, 876; Shipments- I 2, 8691 ----·-·t··-----:1·------· ------t···. To shoe manufacturers.thous. of pairs.• 2,691 2, 676 2,372 3, 261 ______i 2,9341 To repair trade...... thous. of pairs.• 647 576 449 491 ------11 861' For export. ______tbous. of pairs .. 90 109 88 1 138------156: Stocks, end of month ...... tbous. of pairs .• 3,443 3,421 3, 2271------,i 4,2741 Mechanical rubber goods: 3, 5451 ! Shipments- ' lj TotaL ...... tbous. of dolls .. 5,887 4,932 4, 751 6,0331 ······••:·;······!! •.•• ••.••. ·I;.: .•••• Belting ...... thous. of dolls .. 1, 477 1,203 1,086. 1,3051 ;;! Hose ______thous. of dolls .• 2,135 1,830 1, 8951 tll~,::::::::J 2,3781 ·······~···· All other ------thous. of dolls_. 2, 274 1,899 1, 7701 1, 9841 ...... 1: 2,3501 i -0.7 Rubber bands, shipments .....tbous. of lbs .•.• 216 170' 189 2261 230: 2191 ~:~~g!l===~;=s~:==~~=~~~====-===iJ====-==~~~ Rubber flooring, shipments._ .thous. of sq. ft .• 543 517: 618 4591 ______! 418 Calendared rubber clothing: 1 Production ...... no. coats and sundries .• 99,588 75,392 49,0931 58, 130 Net orders ...... no. coats and sundries .. 76,194 95,423' 16,095, ~~: ~j~' ~: ~~~ I 31,437 :I ~~I' i~ j,g ~,1 'li:ii! 'il:~il i~ i HIDES AND LEATHER t II Hides Imports: I1 II Total hides and skins ___ .... tho us. oflbs .. 48,489 50,958 41, 932!1 39, 0941 35, 11611 38,679 31, 9!91 -10. 2 + 10.0 I 70, 598 74. 210r · +5. 1 Calfskins ______.... thous. of lbs .. 4,886 3,542i 2,624 2, 953 2, 3181 2,608 Cattle hides ...... thous. of lbs ... 28,264 28,2271 26,060 19,145, 18,885 21,456 1ki~~~~ tlul 3i:~gi 3~:5~~~ +~t3 Goatskins .... _...... thous. of lbs .. 6,434 9,8381 6, 7281 6, 087 5, 911 7, 8411 -..:u-9. 5 -22 4 13,752 12.815 1 -6. 8 5,091 6,293 I Sheepskins .. ------thous. of Jbs._ 5,0321 3,350'· 5, 4731 3, 715! 5,0601 3,78511 -321 -1.8j 8,8451 9,188': +3.9 Stocks, end of month: I Total hides and skins ...... tbous. of lbs .. 259,050 270, 188• 269,892 269, 925]------1; 262,3261 Cattle hid~s ... , ...... thous. of lbs .. 208,910 220,7791 220,509 221, 718 ...... ; 219,2741 Calf and k1p skm~------thous. of lbs .. 27, 596 27, 573· 26, 584il 25, 480; ______,: 23,6361 Sheep and Jamb so:ms ...... thous. of lbs .. 22,544 21,836; 22,7991 22, 727i------: 19,4161 Prices: !:• :: ••• II··········· : 1 I ' Green sa.lted, packers' heavy ~f ~::1 : I native steers ...... dolls. per lb .• .186 • 16011 . 163I . 1481'' '2051 .1.0:1 1 -v. zl -3 3 ·------______·- Calfskins, count-ry, No. l. ...dolls. per lb .. .197 .174! . 176. . 1641 • 2L9! .171! -tis: -4 ll ______l------~·------Inspected slaughter of livestock: I : ' I ' United l:ltates- ! I II I !, ,, Oattle ...... thous. of animals .. 839 731' 6.581 713! 56111 736 ou9f -21.3 4\l 1, 3os 1, 274 1 -2.4 1 1 -!· Calves ...... thous. of animals.. 398 358 346 3741 3291 369 311 -12.0 +o.811 680 703'\ +3.4 Swine ...... thous. of animals .. . 3,857 4,499! 5,0831 5, 001 4, 0341 5, 738 4,478 -19.3 -9.9i 10,216 9,035j -11.6 Sheep ...... thous. of animals .. 1, 365 1, 159i 1, 0911 1, 2251 1, 187 1,150 9531 -3.1 +24. 61' 2,103 2, 41211 +14. 7 Canada- 1 Cattle and calves ... thous. of animals.• 120 114! nl 68i 571 71 57 -16.2 o o·i 128 125'1 -2.2 Swiue ...... thous. of animals.. 207 234' 2211 207' 1681 249 20s -18.8 -19:2'1 457 375' -17.9 ::lheep ...... tbous. of animals •• 178 135: 501 311 20 i 35 211 -35.5 -4.8111 561 51,,1 -8.9 I Leather I I I ! I Sole and belting leather: II I Production- , Sole only. tho us. of backs, bends, sides •• 1, 302 1, 2261 1, 2351 1, 284 1,1021 -8.8 +12. 41 2, 386 2, 59S i +S. f> Sole and belting ...... thous. of lbs .. 25,665 23,9011 23,8941 2~; !d ..... ~~~~:! 23,8911 20,989 ------>------'i------Stocks, end of month- In process of tanning ____ t.hous. of lbs .. 82,6791 83,922, 84,1971 84, 6241 ...... : 77,989 81,482 ------______'j ______------,i------]'inished ...... thous. of lbs.• 60,044, 63, 451• 64, 084., 6.5, 846:------; 81,518 500• 78' --:.:43:2 --:.:4i:(l"""i;783 ------i;i87 Exports...... thous. of sq. ft .. 583 600! 7 "sot''! 434o9i I 1, 054 ~~ :·:.:33:4 Price oak, scoured backs ••.••dolls. per lb .. • 55 • 55: • 52: · I · I . 59 .57 -2.0 -14.0,------·------Upper leather: 1 Production ______thous. of sq. ft.. 80, 4i3 69,750: 72,672 1 68,2961------1 66,424 Stocks, end of month- I I, I . 62, 9541------+------,!------In process of tanning __ tho us. of sq. ft.. 147.328 170,0671 143,576\ 146. 0771------1' 138.500 Finished ...... thous. of sq. ft .. 217,384 233,5991 244,428.11 254, 239, ______249,408 Exports ...... thous. of Jbs .. 9,007 8, 378; 7, 776: 8, 7631 8, 320 10,998 ~~~: H! 1===~~:; ==~ii)l=====i~;i~i :::::;;:~~ili=~;~:i Chrome calf," B" grades.dolls. per sq. ft .• .49 .48! .48:1 . 46 .46 • 5:31 .51 0.0 -9.8, ------11------Leather Products II,, i I \i '! Shoes: I ,, Production ______... thous. of pairs.. 37, 191 27, 723; 22, 475.1' 27,2461 27 Exports ______thous. of pairs.. 426 342' 2941 26, ~1------iiiiil 423f ' ~~~ --:.:34:8 --:.:48:5!~------79ol------4791i-:.:39:4 Wholesale prices- Men's black calf I I blucher, Boston ••••.•dolls. per pair .. 6. 75 6. 75! 6. 75;i 6. 7.5! 6. 75 6. 75 6. 75 0.0 0 · Men's dress welt, tan 1 oil------___1~------li------­ calf oxford, St. Louis.dolls. per pair.. 4. 85 4.851 4. 85! 4. 851 4. 85 4. 85 4.85 Women's black kid, dress I 4. 25i welt. lace, oxford .....dolls. per pair __ 4. 25 4. 25. 4. 251 4. 251 4.25 4. 25 +1;; Gloves, cut ______dozen pairs.. 318,041 284,9291 213, 8611 265, 407 280, 143 214,826 240, 116 +;; ~ ;~!::::~~;~~ ::::~;;~] :;;~;~ I . i PAPER AND PRINTING ·I ' II i Wood Pulp 1 ,. i II i Groundwooq: 1 l Productwn. __ ------...... short tons.. 79, 900 79,408: 82, 24o'l 92. 701 ______• 97, 352i Consumption and shipments .. short tons .. 95,290 91, 156 84,2551 93,924 ------93, 733i ~r:~g~ll:::::::: ::::::::: :::::::::::1::::::::::: .:::::: Stocks, end of rnonth ...... short tons.• 57,695 45,947 43, 9321· 42, 709 ------84, 6361 Imports. ______short tons.. 1, 27,020 21,2231 36,186, 28, 423 39, 105'11 25, 832i ~~: g~~ ~--+37:6 -+i74:s -----4ii~o6if---ii7;528 -+68:6 Sulphite, unbleached: I : Production .... ____ .. ------.... sllort tons.• 10,831 10, 756i 10,505 10, 1841 9, 5811------1------______i______------10, 7751------/t 1 Consumption and shipments ..short tons.. 10,609 10, 508; 10,260 11,057 10,2491 9, 7461 ------Stocks, end of month ...... short tons.. J l, 732 1, 980 2, 225j 1, 943 ------1------1, 990 Imports..------___ ....short tons .. 68, 974 80,133. 56,302' 97, 5701 85, 163 1 82,9151 6U~:I--:.:ii7 --+:i9:i ----i«;i4o'----is2~7:iz +26. s 31 TREND OF BUSINESS MOVEMENTS-Continued

1929 The cumulatives shown are through Feb­ ruary. Earlier data for items shown here mag be found on pages 27 to 138 of the February, 1930, "Survey" Novem­ Decem­ October ber ber

i 27,058 24,230 27,215 24,351 2, 602 2,481' 36,258 28,022 78,500 69, 737 ' 78,400 70,567 13,569 12,787 I 30,740 28,520 30,445 29,127 4,193 4,193 24,ll6 22, 475 24,045 23,536 5, 674 4, 6131 21 49 36 48 8 9 230, 729 202, 792 226, 661 204,917 108, 687 106,620

83 87 90 75 87 87 8 11 11 6 7 8 78,87 2 84,693 ------77 79------77,29 5 86,133 ------84,025 82,616 ------35,28 1 40,7341------83 92~------32,176 41,589 ------53,848 53,274 ------

678,901 ------~~& g~! [::::: ::::::::~ ::::::::::: ::::::::::: 32 TREND OF BUSINESS MOVEMENTS-Continued --···-·-----··--·--· .cc===i======o ------~-----~~-~,PE~-~ENT IN- [ CUMULATIVE TOTAL -~~1'~~-ct.-. I 1929 ) 1930 1929 ;'iitn~A~;)"l~} FROM ~~~B~ ::aouGH c(+)e 1 The cumulatives shown are through Feb­ 1 ruary. Earlier data for items shown Feb., Feb., . here may be found on pages Z7 to 138 I I ~-- --.-~------~ I !I g{~r of the February, 1930, usurvey" I ' N e , D 1 I' I 1930, 1930, ;[cumu- October i b~rm- I tc:rm- 1, January February IJanuary !February from from 1929 1930 : lative I I 11 1 Jan., Feb., :1 1930

______1930 1929 , ffl!L 1 ---j' .... ·--- PAPER AND PRINTING-Continued 1 Paper-board Shipping Boxes 1 11 Production: TotaL ______thous. of sq. ft __ 574, 171 485. 30.1! 367,533 468.548 508.2221 451. 172 494, 105 +8. 5 +2.J 945,277 976. 770ill +3. 3 Corrugated ______thous. of sq. ft .. 457,425 387,935 296,457 369, 050 404, 516 352,021 383, 191 +9. 3 +5. 6j 735, 212 774, 466' +5. 3 Solid fiber.. ______thous. of sq. ft.. 116,746 97,371 n, 076 1 98,598 103,706 Oil, I5I) no, 914 +5. 2 -6.51 210,065 202,304, -3.7 Operating activity: 1 TotaL ______per cent of normaL. 91 79 63 74 77 78 84 +4.1 -8. 3 1______------! ------Corrugated ______per cent of normaL. 93 81 66 ·;cl 78 78 85 +4.0 -8.2 ______Solid fiber ______per cent of normaL. 86 72 Abrasive paper and cloth: Domestic sales ______... _-- ______reams .. 91,782 69,103 Foreign sales. ______reams __ 24, 134 Rope papm· sacks, shipments... rel. to 1921-22 .. 24,2381115 102 ~~~ =i: =:~ ~:r~ ~~~=~~; ~a=::= • 1!: Printing 1 I IJ I! Book publication: I American manufacture ...... no. of titles .. 807 873 537 449 ...... 508 Imported ______no. of titles .. 134 235 228 156 ------.--- !50 1:::::::: ::::::::11::::::::::: ::::::::::::::::: __ _ Sales books: 1~~ New orders ______thous. of books .. 13,834 12, 108 9, 8321 13, 028 11, 684 12,861 11, 7621I -10.3 -0. 7iII 24, 643 24, 712:'I +O. 3 Shipments. ______thous. of books __ 14,147 12, 785 11,819 11,993 11, .187 12, 167 Blank forms, new orders ______.. thous. of sets .. 75,622 66,464 57,063, 55,321 ______54, 165 Printing activity. ______relative to 1924 .. 108 102 10:31 ______------117 M: ig! 1:::~~=~ :::~~=~~ :::::~~=~~~ :::::~~=~q-:~~:; BUILDING CONSTRUCTION AND HOUSING · I tl 1 Building Costs I 1 !i I I Building materials: I 1 Frame house, 6-rm. 1st of mo ..rel. to 1913 .. 178 178 '178 m! 1781 1771 175 0. 0 +I. 7 [------Brick house, 6-rm. 1st of mo ...rel. to 1913 .. 183 182 181\ 182 1821 183 Bldg. costs, lst of mo ______rel. to 1913 __ 180 0.0 +LI ------· 206.3 208.5 209. 5i 200.0 209.41 210.4 -1.2 -1.9 ------Bldg. costs (A. G. C.), 1st of mo ...rel. to 1913 .. 202 201 203 206.51 2021 203 203 Construction cost~ (Am. Appraisal): ::1 :J -0.5 ------~'rame ______rel. to 1913 .. 205 206 204, 204 204 2041 Brick, steel frame ______rel. to 1913 .. 198 198 197: 197 1981 Brick, wood 'rame ______rcJ. to 1913 .. 215 215 2!4i 214 :j:+go:. Reinforced concrete ______rel. to 1913 .. 202 2011 2201~~1 ~5!1 :tHb::::::::: ::::::::::: ::::~:: 202 2021 2032151 201~i~l +I. 0 ~------~------:-- Contracts and Fire Losses I I ,I Contracts awf!-rdcd _(3~ States): I i 'I CommerCial bmldmgs..••. thous. of sq. fL.I 12,611 13, 180 4, 746j 15,2501 11, 077t ______[_____ ------·i------lnd~stri3;l buildi~gs ______thous. of sq. ft._ 9,041 6, 913 13, 340j 3,7, 538------1774 ------''! 7, 0851 RestdenttaJ bmldmgs ______thous. of sq. ft._ 27,478 20,670 17,1821 12,914 ______, 27,898 2;; ~~~II:::::-:-~--:·:·-- :::::::::::1::::::::::: ------Educational buildings ..... tbous. of sq. ft._ 5, 461 3, 796 3,008i 2, 619 ------i 2, 6311 Other public and semi- ' I public buildings ______thous. of sq. ft..) 7, 255 4, 455. 3, 191, 3,149 ______1 2 863' 1 :~:rt::::~:~,~~~:~:~~~ ::::::::::t::::::::: ::::::: Grand totaL ______thous. of sq. ft._ 30, 60! ______11 :: 62,590 4~. 268! 41,946: 56:3311 5), 696 '------·-----~------~------Contracts awarded, value (36 States): I 1 I Commercial buildings .....thous. of dolls __ 63.682 99, onl 30, 368! 50,907 ______I 98,6441 Industrial buildings ______thous. of dolls .. 59.507 38,0851 66,888 Uosidential bnilctings ______thous. of dolls .. 131,809 IJO, 848 111, 480' ~~: ~r~ ::::::::::1· l~g: ~~~~ Edueational buildings _____ thous. of dolls .. 3.J, !..170 18, 703i 24, 9141' Other public and semi- 17,708 ------, public buildingg ______thous. of dolls __ 54,998 36,344 27,988: 33.229 ------::: :::! Public works and utilities .. thous. of dolls .. 80,206 f>8, 811 48,8701 61,8111 Grand totaL ______thous. of dolls .. 103, 0~1 ------426,171 378,074 304, 297! 30.\ g,,g ------... , 394. 069l 339, 7391[-----...1 .... - 1•••.••••.•• Contracts awarded, Canada .. -theus. of dolls .. 57,084 32, 549f 37, 530 28, 4fi4 41, 963; ':28, 426 -24.21 +O. 1-1------.l------:---- ...... 6c>, 994 i------6. 2 Building volume (A. G. C.) ______rel. to 1913 .. ~·,········1·······= 1············~······· 233 45,ml 1691 131 114 148 122 -13.01 -6.6 ------Fire losses: I United State~ and Canada, 1 (Journal of Commerce) ___ thous. of dolls __ 29,072 28.2.00 30,870 31, 3(l:l ------· 36, 225' 26, 872'i-- ______! ______)______J ------Canada (l'.Ionetary Tlmes).thous. of dolls .• 3, 777 3,8641 4, 081 5, 100 2, 412 2,6641 3,07811 -52. 71 -21.61 5, 7421 7, 512il_ +30. 8 BUILDING MATERIALS ~~ I 1: Softwood Lumber f! I li II I ' I Southern pine: I li I i I' Production (computed) ______M ft. b. m .• 384,227 342,6311 317, 7411 ______------1 Operation ______per cent of full time .• 82 75 681------425, ~~~ 373, ~~~!11':::::::: ::::::::: :::::::::::i:::::::::::i::::::: Shipments (romputed) ______M ft. b. m __ 375,228 313,1371 2ij0, 725 ------398,0471 357,918 ------.:------: ------1------lt ------New orders (computed) ______M ft. b. m .. 368,2\16 2\lO, 667 304,4871------417,700 382.65411------·------, ------______!, ______Stocks, end of mo. (computed).M ft. b. nL. 1, O:l9, 022 1, 068,516 1,095, fi:l21 ____ ------1, oo:;, 9161. 1, 021, f16l'_------i------·. ------~' ------il--- -- .. UnflllPd orders, endmo.(comp.)M ft. b. m __ 27!1, 535 2fl7, 06.1 270,827 ------300,168 330, U04 ------j------1 ------:J------Exports, lumber ______M ft. b. m .. 51,211 48,363 62, 4R71 52, 752 43, 5Rf, Exports, timbnr ______M ft. b. m .. 61,69~ 57,8151 -17.51 -24.7:·1 ll9,5081 96,~~7!1-19.4 ll, 315 7, 283 11, 734 9, 484 12.068 11. "~' 5, 580 i +27. 2i + 116. 3: 17,087, 21, 0.>211 +26. 1 Price, fiooring ______dolls. l"Jr M ft. b. m .. 39.50 36.00 38. 00 37. 32 37. 39 36. v5 36.891 +O. 2 +L 4 1 ------;------j------Douglas tir: 1 Production (computed) ______M ft. b. m .• 312,011 309,772 260,979! 199,651 ------?1~, 03911 28,0, 228111------1------·!------1------li ------Shipments (computed) ______M ft. b. m __ 300, 37~ 266,351 ~:;:8, 30?! ~:..~, 6~0 ------.96,343 304,401 .------:1------~------:.------New oruers (computed) ______M ft. b. m .• 303,\153 >53, 369 "'40, b3tl I ~4-, l;~ ------34~. Hi51 336, 184~------·l------1 ------~~------Unfilled orders, end ofmonth.M ft. b. m __ ~95.b95 215,319 273,0tJ5I z~a.f'.57 ______403,3311 3b0,804 ------''------]------'------Exports, lumber ______M ft. b. m __ 80,888 53,261 74,967 : 47,487 38, 10: S4, "99, 57,167 -19.8 -33.3:1 141, 46GI 85,59311 -39.5 Exports, tirnber ______M ft. b. m .• 50,558 33,508 33, 3091 36, 064 27, ss; 59,9841 36,9991 -22. 7 -24. 6]: 96,983 63, 951\i -34. 1 Price, No.1 common. dolls. perM ft. b. m __ 17. 8:< 17.42 16. 84 I 16. 85 16. 71 17. 17 18.43 -0.8 -9. 3 , ______------r:------Price, flooring, 1 x 4, '' B" 1 and better, V. G .. dolls. perM ft. b. m .• 42.42 42.13 41. 941 41. 63 41. 35 44.44. 40.85' -o. 7 +L2il. ______[______: ______• Revised. 33 TREND OF BUSINESS MOVEMENTS-Continued

Per ct. PER CENT IN• CUMULATIVE TOTAL in- 1929 1930 II 1929 CREASE (+)OR FROM JAN. 1 THROUGH crease I DECREASE (-) FEB. 28 (+) The cumulatives shown t~re through Feb- I or de· ruarg. Earlier data for items shown crease here mag be found on pages 27 to 138 I Feb., Feb., (-) of the Februarg, 1930, usurveu'' I 1930, 1930, I cumu- October Novem- Decem· 1 I ber ber January February! January February from from 1929 1930 lative Jan., Feb., I 1930 ___[ 1930 from __ ------~I 1929 -~---- BUILDING MATERIALS-Continued I Softwood Lumber-Continued I I California redwood: I Production (computed) ...... M ft. b. m .. 36,745 48,438 30,634 41,084 36,6671 29,560 32,789 -10.8 +11.811 62,349 77,751 +24. 7 Shipments (computed) ...••.. M ft. b. m .. 36,064 39,170 25,253 30,893 34,1731 30,944 31,000 +10.6 +10.2 61,944 65,066 +5. 0 New orders (computed) •...••• M ft. b. m .. 33,080 40,579 23,230 35,633 36,1061 34,801 33,431 +1.3 +8. Oj 68, 232 71,739 +5.1 Unfilled orders, end of month (computed) .....•••••.•••••. M ft. b. m .. 37,097 38,364 36,626 27,079 37,2101 35,756 37,686 +37.4 California white pine: ------Production ...... M ft. b. m •. 131,790 100,037 60,651 29,185 30,6601 69,930 44,382 +5.1 -~~: :1·---~~~~~~~ 59,845 -47. 6 Shipments...... M ft. b. m .. 88,363 62,585 &tl, 767 64,837 68,6591 100,633 97,671 +5.9 133,496 -82. 7 Stocks, end of month ...... M ft. b. m .. 567,326 607,775 623,554 568,607 526,140: 535,998 483,998 -7.5 -,t~: ~~~----~~~~:~~ New orders ...... M ft. b. m .. 71,398 60,174 54,835 65,322 66,3851 95,905 84,890 +!.6 -21. 81 180, 795 ....iai;7o7 ·::27:·2 Unfilled orders, end of month.M ft. b. m .• 172, 154 172,309 189,732 151,560 148,6911 176,506 168,766 -1.9 -11. 9~------Northern pine: ------Lumber- Production ...... M ft. b. m .. 38,422 8, 548 11,682 14,935 15,5491 23,818 22,054 +4.1 -29. 5, 45, 872 30,484 -33. 5 Shipments...... M ft. b. m .• 43,737 32,726 19,496 23,200 26, 1441 33, 167 32,302 +12. 7 -19.11 65,469 49,344 -24. 6 New orders ..•.•.•••.••••• M ft. b. m •• 35,578 20,167 14,459 22,670 21,257 35,363 29,398 -6.2 43,927 -32. 2 Lath- Production...•...•.••.••.. thousands •• 5, 739 I, 310 653 527 5171 4,692 2, 986 -1.9 =::: 1,044 -86. 4 Shipments...... thousands •• 6,892 5,008 2, 783 3, 251 3,543, 6, 952 5,185 +9.0 ~I ~: ::~ 6, 794 -44. 0 North Carolina pine: I Production (computed) •.•.••• M ft. b. m •. 45,878 43,995 40,138 41,097 ...... 1 45, 143 65,506 ------Shipments (computed) ..••••• M ft. b. m .. 47,264 47,096 38,038 36,946 ------38,976 60,347 --=:~~~~-----~:~~:~ Northern hemlock: ------~ ------Production ...... M ft. b. m .• 11,943 9,230 10,839 11, 163 8, 515 18,877 14,802 -23.7 -42.5, 33,679 19,668 -41. 6 Shipments...... M ft. b. m .. 12,378 9,328 4,922 9, 855 13,020 -33.3 -59.71 22,875 13, 103 -42. 7 Hardwood Lumber '·"" ''". Walnut lumber: I Production ••...••.•.•••••.••• M ft. b. m .. 5,284 3,807 3, 745 2,363 1,838 2, 974 !.!, 780 -22.2 -33. 9! 5, 754 4,201 -27. 0 Shipments ••••.•••••.•••.••.•• M ft. b. m .. 4, 017 3, 069 2,301 2,070 1, 7711 3,163 3, 433 -14.4 -48. 41 6, 596 3,841 -41. 8 Stocks, end of month .•..••..• M ft. b. m .• 15,817 17, 130 18,601 18,727 18,0791 12,305 11,654 -3.5 +55.1; ------New orders ....•.....•.....•.• M ft. b. m •• 3,313 2,513 I, 607 2,071 1,445 3, 307 3, 66~ -30.2 -60.5 6, 969 ---·-·a;5i6 ·::49:·5 Unfilled orders, end of month.M ft. b. m .. 6, 562 6, 475 5, 590 4,418 3, 704 5, 664 5,833 -16.2 -36. 5; ------Walnut logs: 1 Purchased ...••••.•..•• M ft. log measure •• 4,158 3,144 2,404 I, 701 2,285 2,021 +18.1 -0.6 4,306 3, 710 -13. 9 Made into lumber and 2,0091 veneer •••.•..•••••••• M ft. log measure •• i 3,996 2,975 2,288 2,021 1, 8181 2, 538 2,126 -10.0 -14. 5i 4, 664 3,839 -17. Stocks, endofmonth .•. M ft. log measure •• 2,265 3, 299 2, 790 2,510 2,682 1, 557 I, 261 +6.9 +112. 7,------Northern hardwoods: ------Production. ------M ft. b. m •. 14,643 15,895 21,303 29,484 24,6941 37,916 44,370 -16.2 -44. 3. • 82, 285 54, 178 -34. 2 Shipments ....••.•...•.....••• M ft. b. m .. 22,604 18,220 12,969 17, 119 17,7731 29,093 30,515 +3.8 -41. 8: 59, 608 34,892 -41. 5 Lower Michigan hardwoods: Production .•...••••.•••••.••• M ft. b. m .. 3,on ______I I Shipments ______M ft. b. m .. 3, 613 1, 940 3, 542 5, 456 6,237 ------1·------4,189 2, 707 3, 716 2, 2101______1 4, 950 6,223 Stocks, end ofmonth ...... • M ft. b. m .• 20,582 16,210 26,639 15,065 ______, 27, 126 26,912 ------Gum: ::::::::1 ::::::::::: ------Stocks, total, end of month.mill. ft. b. m •. 482 517 512 534------1 516 504 ------1 ------Stocks,unsold,endofmonth.mill. ft. b. m .. 339 397 387 404 ------369 344 ------1------Unfilledorders,endofmonth.mill. ft. b. m .• 143 134 125 130 ______; 147 160 Oak: ------~------Stocks, total, end of month.mill. ft. b. m .• 1, 022 1, 033 1,049 1, 0401 ...... 1 919 930 ------Stocks,unsold,endofmonth.mill. ft. b. m .. 823 852 869 751 757 ::::::::1 ::::::::::: ------Unfilledorders,endofmonth mill. ft. b. m .. 199 181 181 f,r::::::::, 167 173 ~------1 ------All hard woods: I Production •...... •••..... mill. ft. b. m .• 296 259 210 308 319 ------1 ------Shipments...•••.•...•...... mill. ft. b. m .• 278 221 169 293 319 ------New orders ...... • mill. ft. b. m .. 281 184 165 ~:::::::J 319 334 ::::::::1 ::::::::::: ------3,061 ______1 Stocks, total, end of month•. mill. ft. b. m .• 2,887 2, 979 2, 997 2, 7l7 2, 707 ------1 ------Stocks, unsold, end ofmonth.mill. ft. b. m. 2, 227 2,356 2,383 2, 440------2,102 2,057 Unfilledorders,endofmonth.mill. ft. b. m •• 660 622 614 615 651 ------Exports, planks, joists, etc ...... M ft. b. m .. 194,065 153,069 200,816 151, ~Mf--- i29; o7ii: 240,384 177,682 -15.0 ==~~;~~~ ::::~i~;~~ ----28ii;ii76 ·::ai J!looring Maple flooring: I Production •....••....•.••. , • M ft. b. m .. 7,813 5,574 6,107 6,5891 5,992 7, 771 7,022 -9.1 -14. 71 14, 793 12,581 I -J5, 0 Shipments.•....•...... ••••.. M ft. b. m .. 6,896 4, 379 3, 060 4,625 3, 771 5, 114 6,053 -18.5 8,396I -24. 8 Stocks, end of month •.•....•. M ft. b. m .. 22,421 26,523 28,314 30,150 24,733 25,466 +6.5 +~~: ~~-----~~~~~~ ------7;941 New orders ....•...... M ft. b. m .. 4,297 ~:~ 3,053 4, 245 3,696 5, 999 8,317I -12.9 -55.6 14, 316 -44. 5 Unfilled orders, end of month.M ft. b. m •. 7,095 5, 717 5, 519 5, 827 6,008 8,019 10,443 +3.1 -42. 5~------Oak flooring: I Production...... M ft. b. m .. 35,813 25, 111 22,667 28,617 27,943 41,204 24,865 -2.4 + 12. 41 66, 069 56,560 -14. 4 Shipments.------.M ft. b. m .• 29,704 21,202 47,506 26,317 28,272 31,999 28,551 +7.4 54,589 -9. Stocks. end of month ______M ft. b. m .. s 76,342 82, 1031 83,2331 87, 3911 87,251 97,000 91,987 -0.2 =U -----~~~~~~ ------New orders ..•..•...... M ft. b. m .. 19, 743 16,4201 21, 775 35,286 29,874 29,736 31,761 -15.3 -5. 9' 61, 497 65, 160 --+6: 0 Unfilled orders, end of month.M ft. b. m .. 30,887 25,810 45,272 51,026 57,602 44,626 45,666 +12.9 +26.1 ------,------Fabricated Structural Steel New orders (prorated) •.••...••..•. short tons .. 342,650 227, 150 '252,000 292,000 273,350 265,650 +16.0 +9.9 539,000 544,000 +O. 9 Ratio to capacitY------Per cent .• 89 59 "'· 000183 63 73 71 69 ------Shipments (prorated) •..••.••...••. short tons .• 350,350 284,900 277,200 ----5iii;75ii ------Ratio to capacity. ______per cent.. '244,000 304,000 281,050 238,700 1--+24:6 --+27:4 548,000 +5. 4 91 74 72 61 76 73 62 ------Portland Cement Production ______thous. of bbls .. 16,731 14,053 11, 215 8,498 8,162 9,881 8, 522 -4.0 -4.21 18, 403 16,660 -9. 5 Operation ______per ct. of capacity __ 77.0 66.6 51.5 38.8 41.5 46.5 44.8 +7.0 Shipments .•..•.....•.•...•.... thous. of bbls .. 18,695 11,222 5, 951 4, 955 7,012 5, 707 5,4481 +41.5 +"i: ij·----ii;i55 -----ii;967 --+7: 3 Stocks, end of month ..•....••• thous. of bbls .• 15,381 18,213 23,5501 '27, 081 28,231 26,797 29,870 +4.2 -5.5 ------··------Stocks, clinker, end of month .• thous. of bbls •• 5, 934 6,134 7, 526 9,646 11,573 9,642 +20.0 -6.9 ------Wholesale prices, composite ••.. dolls. per bbL. 1.493 I. 510 1. 555 1. 576 I. 617 1. 650 1i: ~~31 +2.6 -2. o, ------1 Revised. 34 TREND OF BUSINESS MOVEMENTS-Continued

1 il [ l PER CENT IN- If CUMULATIVJ!: TOTAL lp1~:t. 1929 •. 1930 . 1929 I! CREASE(+) OR !FROM JAN. I THROl'GH I crease ! i : DECREASE(-) II FEB. 28 : <+J The cumulatives shown are through Feb- 11 I I or de ruary. Earlier data for items shown I------:-,-----,-~·----~------~-----,!------! lcreas;

1 I (-) here may be found on pages 27 to 138 I I j jj Feb., Feb., 1 of the February, 1930, "Survey" Novem Decem- I ·'I I 1930, 1930, 'icumu- October " ber - ber January 1February! January from from I 1929 1930 lative I 1 , Jan., Feb., .. . 1930 I : 1930 1929 1 I from 1 929 BUILDING MATERIALS-Continued ----~------, ----I ----~~---~--- :---j ( Other Stone, Clay, and Glass Products I I I !1 I Common brick: I I II ' Stocks, end of month- I I Burned ______thousands__ 395,919 497,099 475,7351 428,508 513,0571 517, 120 366,150 +19. 7 Unburned ______thousands__ 284,402 291,237 247,723 234, 126 259,8891 241,887 184,620 +11.0 t!8JI ::::::::::: ::::::::::: ------Shipments ______thousands.. 151,723 131,919 107,211: 58,lli 75,524 115,924 74,537 +30.0 +!. 31 190,461 133,641 -29.8 Unfilled orders, end ofmonth ..thousands__ 133,0831154,766 141,143; ll5, 907 140,451 136,014 91,615 +21.2 +53. aJ ______------Plants closed down ______number._ 58 ll5 132: 126 126 79 82 0.0 Price, red, New York ____ dolls. per thous__ 9. 50 10.00 10. 00, 10.50 10.50 11.50 11.50 0.0 +~~:~I:::::::::::::::::::::: ------Band-lime brick: ' 1 Production ______thousands.. 17,563 14,0ll 9,215; '6,586 4,660 10,548 7,43211 -29.2 -37. sf 17,980 11,246 -37.5 ShipmentsbyraiL ______thousands.. 5,150 4,956 2,6o8 '2,356 2,449[ 1, 6741 2, 955 +3.9 -17. 11 4, 629 4, 805 +3. 8 Shipments by truck ______thousands.. 10,863 9, 938 5, 2461 '3, 686 3, 503 6, 206 5, 942 -5.0 -41. 0 12, 148 7, 189 -40.8 Stocks, end of month ______thousands.. 12,957 10,854 13,859. '13, 691 10, 16611 16,082 16,974 -25.7 -40.1 ------Floo~~!~e~,S\'~i'f:; end of month .. thousands.. 12, 943 9, 708 7, 008! • 7, 904 8, 873 7, 253 10,665 +12.2 -16.8 ------Production ______thous. of sq. ft.. 5, 380 4, 385 '3, 653 3, 446 ------' 5, 712 Shipments, quantity ______thous. of sq. ft.. 5, 088 4, 060 2 3,122 3, 3ll ______\· 4,299 2 Shipments, value ______thous. of dolls.. 2, 097 I, 647 I, 314 1, 340~------1 'I I, 701 2 §------~~~~~ ~~~~t~=~~~=~=~~.~==~=~~ 18, 557 19,• 7 17,• 641. 17,' 977 ------.- - -- 16, Oll J Ter!t~~t:~.e~!?~~~~st:h ______thous. of sq. fL oz 1 Quantity ------______net tons__ 6, 566 7 452 8 307 8 048 5 900 10,056 11,270 -26. 7 -47. 6 21, 3261 13, 948 I -34. 6 Value ______thous. of dolls.. 716 790 870 839 636 1,196 -24. 2 -46. 8 2, 286i 1, 475 -35. 5 1 1,0901 Plate glass: 1 1 Production, polished ______thous. of sq, ft.. 14,621 12, 131 8, 482 10,018 9, 804 ll, 426, 11,289 -2.1 -13.2 22,7151 19,892 -12.4

Roofing if Roofing, felt: I Production, dry felt ______tons __ I 25,502 19,249 16, 1911 21, 042 15, 743• 19, 8331 24, 271 -25.2 -35.1 44, 104/ 36,785 -16.6 Stocks, end of month, dry felt. ______tons __ 4, 790 5, 009 4, 970 6, 382 4, 630 3, 274 +11. 0 +ll6. 5 7, 9041 13,469 +70. 4 Prepared roofing: • 7, 0871 Shipments- Total ______no. of sqs __ I 3, 311, 817 2, 326, 479 2, 038, 989 2 2, 382, 804 1, 356, 151 2, 420, 296 3, 374, 148 -43.1 -59.8 5, 794,444 3, 738, 955[-35. 5 Smooth roll ______no. of sqs __ 1, 501, 917 1, 160, 533 949, 927: 1, 224, 481 709,277 1, 324, 710 1, 798, 614 -42.1 -60.6 3, 123,324 1, 933, 758 -38. 1 Grit roll ______no. of sqs •• 840, 373 532, 463 512,8671 2 492,974 338,308 484, 506 716, 989 -34.1 -53.8 1, 201,495 831, 282 -30. 8 Shingles- Strip, patented, and hexagon ______no. of sqs __ 794,465 509,996 481, 7571 • 598, 316 252,006 515,078 745,284 -57.9 -66.2 1, 260,362 850, 322 -32. 5 Individual and single thickness ..no. of sqs __ 175, 06~ 123,487 94, 4381 67, 033 56,560 96,0021 113, 261 I -15. 6 -50. I 209, 2631 123, 593 -40. g BUILDING EQUIPMENT I Enameled Ware I Baths: I Shipments______.pieces __ 65,530 50,417 46,715 40,967 46,204 69,415 66,221 +12.8 -30. 2 135, 6361 87, 171 -35. 7 Stocks, end of month ______pieces __ 162,465 166,397 163, 728 173,523 179,512 188,738 207,324 +3.5 New orders ______------_____ pieces __ 56,855 46,374 52, 5g2i 32,558 64,732 66,991 73,997 +98.8 :g: ~ ----i4ii;9ss~-----97;2iiii -31. o Unfilled orders, end of month______pieces __ 47,525 41,776 40, 568( 29,774 49,637 35,073 42,556 +66. 7 Lavatories: Shipments ______. pieces __ 9 85,889 66,951 I 66,300 53,122 60,603 81, 7011 80,420 +14.1 ~:.: ----~~;.-~;~ ----~~;.-;~1-29. Stocks, end of month ______pieces __ 176,319 173,570 1 163,283 166,201 255,596 +1.8 • 155, 189 1 230,5271 -35.0 ------New orders ______pieces __ 71,967 56,899 '60, 575 40,836 101,899 80,614 88,671 +149. 5 +14. 9 169,225 142,735 -15.7 Sinks: Shipments _____ -·------_____ pieces __ 93,446 68,675 2 65,947 58,343 62, 530 93,321 79,1621 +7.2 -21. 0 172, 483 120, 873 -29. 9 Stocks, end of month ______pieces •• New orders ______.pieces __ 243,409 248,685 2 234, 3401' 269,281 276,0371 304,051 +7.1 -11.4 ------78,600 63,073 55,271 91,348 86,8661 88,647 +83.5 +3. 0 175,513 141,124 -19.6 Miscellaneous sanitary ware: 2~~:ml Shipments ______• ____ .---pieces._ 38,630 28,557 2 27, 642 24,288 26,425 33,974 +8.8 -22. 2 75, 171 50,713 -32. 5 Stocks, end of month ______pieces __ New orders ______----______pieces __ 123,220 123,138 '122, 2281 113,355 117,678 1i~; ~~;I 141,960 +3.8 -17.1 ------34, 254 27,606 '25, 074 23,009 31,128 42,0361 37, 136 +35.3 -16.2 79, 1721 54,137 -31. 6 Small ware (all except baths): Unfilled orders, end of month______pieces __ 174,176 152,527 120,8241 86,49211 160, 775 171,204 +85.9 -6.1 ______T ______II,------I 111,2581 Vitreous china plumbing fixtures: I New orders ___ ----______•• __ pieces __ 240,606 215,092 200,253 277,050. +26. 7 Shipments______•• __ •• _.-.--pieces.- 201,8581 253, 726[ 485, 6571' -47. 81 762, 7071 453,979 i -40. 5 215,033 174,149 170,381, 179,7481 261,1021' 253,235 -12.6 Unfilled orders, end of month ______pieces __ 369,348 410,291 441, 768· 436,348205,6731 510,326 405,574 037,996 +17.0 =~: g----~~::~~ ____ :~~::~~ ~-=~~:~ Stocks, end of month ______pieces __ 601,832 624,472 640,1711 632,740 643,622 570,7491 540,639 +1.7 Porcelain plumbing fixtures: Net new orders ______pieces __ 8,548 6,228 6,452 '10,330 6, 7211 12, 5651' 12, 381 -34.. 9 ~::: ~ ~-----~.-;~t··-~;.-~:~ !-=~~~~ Shipments._------.. _.pieces __ 8,269 6, 541 4, 257j 2 5, 327 4, 240, 11,576 9,219 -20.4 -54. 0 20, 7951 9, 567 1 -54, 0 Unfilled orders, end of month ______pieces .• 25,3761 23,832 25,7781 '30,374 32,781 34,8641 36,798 +7.9 Stocks, end of month ______pieces __ 40,682 39,798 38,226, 37,815 39,352 44, 6881 45,769 +4.1 Plumbing fixtures, 6 pieces ______uollars __ 99.20 100.58 100.55 102.89 98.41 +2.3 =~~: ~ ======r======,j::===== 100.581 100.301 +4. 6 IUuminatlng Glassware ------,------y------

Production:TotaJ ______nnmber of turns •. I 4, 265 3,995 3,471[ 2, 847 2, 63611 3, 95011 2,974 -7.4 -11. 4 6, 924 5, 483'1 -20.8 Ratio to capacity ______per ct. of capacity __ 53.21 47. o. 35.4 35.5 49.0 42.6 +0.3 New orders ______per ct. of capacity __ 44.4 0.0 Shipments ______per ct. of capacity __ 35.1• 35.6 35.6 41.21 42.8 51.1~g:~l! 49.0 40.0 34.8 36.41 39. 9! 42.5 +4.6 Unfilled orders, end =~t: ::::::::::r::::::::: [:::: of month ______number of weeks' supply __ ! 1.3 1.1 1.1( 1. 3 1.0 0.0 +10. 0 ------1------~------Stocks, end of mo ..number of weeks' supply __ 4.8 5.4 5.5 5.3 5.8 +1.9 _., ------r ---- Wooden Furniture ul t1 I Household furniture and case goods: Shipments•••••••• dolls., average per firm .• 82,4401 61,523 35,891. 46,398 56,664 51,553 56,7781 +22.1 Unfilled orders ••. dolls., average per firm .• , 62,355 42,811 30, 135! 46,593 39,067' 58,765 51.676 -16.2, -2~: ~ ----~=~:~:~ ----~~:~~~L -=~~~ • Revised. 35 TREND OF BUSINESS MOVEMENTS-Continued

PER CENT IN· , CUMULATIVE TOTAL in· 'i·, I 1 1 Per ct. 1929 1930 1929 CREASE(+) OR FROM JAN. 1 THROUGH' crease DECREASE(-) I FEB. 28 I (+) The cumulatives shown are through Feb- ______l ,----..,---ll-----,----l or de- ruary. Earlier data for items shown 1 I 1 I crease here may be found on pages 27 to 138 Feb Feb 1 I (-) of the February, 1930, "Survey" I 1930·; 1930; 1 rumu- 1 October Nb~~m- D~:;n· January February January February from from , 1929 1930 lative Jan., Feb., 'I I 1930 1930 1929 from I 1 929 _B_U_I_L_D_IN_G_'_E_Q_U_IP_M_E_N_T___ C_o_n-ti-nu_e_d_ll ___ ------~( ------r 1 wooden Furniture-Continued , : I 1 II Orand Rapids district: I I Unfilled orders, end 1 1 of month•.••••• No. of days' production.. 321 29 27 40 36 -6.9 =25. 0 !...... ------1-··--·

~~Fs~~~~i~i;;lit~~ ~:~~: ~~~~~~n~~== ~801 2428~ 131~1 ~546 :0311 =231~5:.: =~6051:_ i61(~=~~=-=_=_~ ~~~~~~~~~~~ ~~:~~~~= end of month .••.....•No. of days' sales.. ~ Cancell,.tions....•• per cent of new orders.. 31.0 17.0 11.0 1o._ool 9. 0 -35.3 +22. 2~------Plantoperation .•••••percentoffulltime.. 89.0 79.0 72.0 97 95.0 -8.9 -24.2------Steel furniture: I I Business group- I Shipments...••••.•.... thous. of dolls.. 2, 782 2, 883 2, 486 3, 661 3, 288 -13. 8 -24.4 · 6, Q49 5, 369 -22. 7 New orders.•.•...... thous. of dolls.. 2, 583 2, 299 2, 385 3, 9451 3, 109 +3. 7 -23. 3il 7, 054 4, 684 -33.6 Unfilledorders,endmo.thous.ofdolls.. 2,166 1,799 1,771 2,593 2,419 -1.6 -26.8 ....•...... ------Shelving- 11 Shipments....•.••••••. thous. of dolls.. ~~~ 659 668 9021 974 +t 4 -31.4 1 1. 876 1. 327 -29.3 1 1 tJ~fil~g~~~ers:-e-u.I·ill/~o~s-~~~~ll~:: 824 ~~ ~~~ -~~~~ ~~~ +~n -~u~~~-~------~~~== ------~~=~ -=::·.~ PLYWOOD AND VENEER ~~ I ~~i;~~~~;~::::::tg~~: ~I~~: ~t ~l ~:~:~::: ~: tgg ~: ~ !: ~~g :::::::::::::::::::::, tg: ~ ::::::::!1::::::::::: ::::::::::: Unfilled orders, [ I I end of month•. thous. of sq. ft. of surface.. 12, 112 10, 104 10,984 14,641 13,416 ...... ••...... +33. 3 ------1------Rotary-cut veneer: I I) Heceipts .•.•.•.•...... number of carloads .• l 251 184 214 i 149 209 175 140 +40. 3 +49. 3, 315 3o8 +13. 7 Purcha~es ...... •..number of carloads •• 306 141 1611 207 211 241 186 +L 9 +13. 4: 427 418 -2.1 Bushel baskets: Production .••...... •...... •....dozens.. 225,014 191,120 194,958 1!1,580 152,7511 1M,090 134,581 +25.6 +13.5:111 269,671 274,331 +1.7 ~~~~~~~;sd-oiirioiitii.-~:::::::::::3g~:~~== 1 ~~g~~ 5~: ~~ 1~; ll~ i a~:~~~ ~~: ~ ~~r: ~~ 3~~~~~ +~~ ~ ttq ----~~~--~~: ----~~~--=~~ --==·-i GLASS CONTAINERS I I I 2 2 1 6 2 3 2 2 2 6 Act~~!if~tr~~~;~acity~=~~~=~===~::verg:~~t:l 7~:~ 6f~ 6~ g li 7~ ~ -S:~ 7~~~ 7~ ~~~~ -_!u -1~: ~~~------~~~~ ------~~~~~~--=~~ New orders •...... gross.. 2, 996 2, 501 4, 171 4, 056 2, 363 3, 089l ~. 7971 -41.7 -15.5 I 5, 886 6, 419 +9. 1 Shipments.. ------gross.. 2, 445 2, 005 1, 705l 2, 011 2, 011 2,435 2, 139 -4.7 -6.01 4, 574 4,12111 -9.9 Unfilled orders, end of month •...... gross.. 8, 320 8, 571 11,484 13,011 13,636 9, 306 10,749 -2.9 +17. 6: •.....••..•• ------~------Stock, en~:::~~~~-~;~-~~~~--gross.. 6,121 6, 387 6, 6481 6, 858 6, 868 6,460 1 6, 552~~~ +0.1 +4. 8~~~------~------1

Chemicals I I I Sulphuric acid: II Exports.------...... thous. of lbs.. 544,462 460, 174 914, 769 882,315 344, 127 429, 264 626, _79 21 -61.. o -45.. 1,l __ 1_,_o_5_6_,_o_5_6___ 1_,_2_2=6_,_4_4_2_[ _+__ 1_6_._ Price, wholesale ...... dolls. per 100 lbs.. . 78 . 78 . 78 . 78 • 78 . 78 78 0 0 0 0 Nitrate of soda: Imports .•...... longtons.. 54,821 43,047 65,5691 89,421 85,837 85,6981 146,304 -4.0 -41.3 230,002 115,258 1 -23.8 Pot[sho~~~~~on in Chile.•...... metric tons.. 207,800 261,000 285,500 280,000 274,500 2~·. 548009 ---~7·.·4- ---+·4·3·.·3-1111·····5·3·,·2--13------8·4·,·8·8·8-~--+·5·9·.· Imports (commercial) •.•...... long tons.. 51,757 23,603 23,237 44,077 40,811 24,724 "" 5 Production in France I sa\~·~ CG~;~;~y·····------metric tons .. l 44,500------1------, 42,393 13447,_ 567136 ----+·9·.·0- --+--4·0·.--1!11····3·0·9·.·4--12- ----3·8·8·,-·7·1·1 --+·2·5--. (K,o content) ...... •..... metric tons .• 1 79,159 84,670 99,5941186,000 202,7111 164,736 Superphosphate (acid phosphate): 1 I 2 Production •...•....•..••...... short tons .. l 348,793 346,785 • 354,226 455, 273 ...... 356,365 , 307.,300 -_-_-_-_-_-_-_-_ -_-_-_-_-_-_-_·_11·--_-_-_-_-_-_-_-_-_-__--_-_-_- __--_-_-_-_-_ Stocks, end of month ••...... short tons .. 1, 512,044 1, 750, 442!'2, 002,935 2, 325,603 ...... '2, 205,953 2 316 451 1 Fert~l~!~:':ents ______.• short tons.. 154,012 77, 647 77,2691 117, 345,~------~ ' 118, 625 117009•• 050238 ---+·5·7·.--1 --+--6·2·.·9-~----2·00··.·2--59- ----2--67--, 9-9--7~--+·3·3--. Exports •.•...•...•.•.•.•.....•.long tons.. 129,849 101,823 147,4831104,221 163,776 99,751 8 Consumption, Southern States.short tons.. 101,295 60,692 94,958 504,440 1,071,004 45!, 499 '817, 359 +112. 3 +31. Ol I, 269,858 1, 575,444 +24.1 Crude arsenic: 1 Production ..•.•••.•••...... short tons.. 3,113 1, 203 1 2, 049 1, 079 1...•...•.. 1, 136 1, 262 •.•••.•.....••.. 1------.•••••.••..

Refi~~rd~~i~1:~~~~-~~~~~~:::::~~:::::Stocks,endofmonth ...... shorttons.. ::::: ::3,672 ~: :: 3,993 :~: :::::!4,131 3,8791...... 3, ~:1::~:::::: 3,3,571 ~:: 23·.~~888:3 :_:_:_+:_2:_0:__ :_5:_ :_:_:_:__ :_3: __ :_2:_11:_:_:_:_:_:_:_:_28:_:_o:_i:_:_:_:_:_:_:_:_a:_3:_:~ +18. Dyes and dyestuffs, exports: ( Vegetable ...... •...•...•.... thous. oflbs.. 247 321 193 1511 182 92 9 Coal tar ...... •.••..•.•.•• thous. oflbs.. 18 20 24 2,052 2,320 58 29 +13.1 •.••.... , 87 4,372 +402.5 Price index numbers: Crude drugs •.•.•.•.•.•.rel. to Aug., 1914.. 1So 176 172 170 160 195 195 -0.6 -13.3 '------·------Essential oils ...... •...•.rel. to Aug., 1914.. 161 155 146 133, 123 191 195 -7.5 -36. 9 i ___ ------'------••••••

__:_:_:_::_:_11_:_::_: __ :_::_:_: __ : __-!j :__ :-_._:_:_: Oils~~:~~~g-~;~~;~=====~~l~-~~r~f1~ and fats ...•...... •.•.•.•.•rel. to 1927..mi:: 105~~~ ~~99 ~~98 1~~194 1~~95 ~~99 ~10~1 +=~1·.-g1 ~~5·.-~911:_:_·_.:_: Wood Chemicals Acetate of lime: Production- I United States ••..•...... thous. oflbs.• 12,532 11,982 11,666 11,798, 9,588 11,996 11,400 -18.7 -15.91 23,396 21,3861 -8.6 Canada..•••.....•...... thous. of lbs .• 367 1,027 1, 246 1, 180 1,263 -23.6 +8.3 2,353 2, 7251 +15.8 Shipments- 1, 5451 1,0901 United States ••...... thous. of lbs.• 12, 171 10,661 6, 729 3, 921 4, 616 11,525 11, 108.11 22,633 8, 5371 -62.3 Canada.....•••...... •. thous. of lbs .• , 301 943, 248 178 718 1, 214 1,074 +1~~: ~I =~~: i I 2,288 896! -60.8 2 Revised 36 TREND OF BUSINESS MOVEMENTs-Continued

Per ct I PER CENT IN· CUMULATIVE TOTAL I in• 1929 1930 1929 CREASE(+) OR FROM IAN. 1 THROUGH, creas& DECREASE(-) FEB. 28 ., (+) The cumulatives shown are through Feb- 1------..,.---~--- 1----.,.----1------ll------ll------..,-,---- or de· ruarg. Earlier data for items shown I I 1 crease- here mag be found on pages 27 to 138 I Feb., Feb., (-) of the February, 1930, "Survey" N D 1930 1930 cumu- October b~~m- tc:;n· January !February January !February fro~ fro~ 1929 1930 lative Jan., Feb., 1930 1930 1929 from I 1929 CHEMICALS AND OILS-Continued ~- -~--~~- ~~~ Wood Chemicals-Continued Acetate of lime-Continued. I Stocks, end of month- I 1 g~~~ga~~~~~~~~~======~g~~: ~~ ~~~== 1, ~i 2, ~r~ -----~~~!~ ,1~: ~~ ----~~~~~~ 1·1i!l 1, 739 +33.4 •.••••••...••••••.• ______M~$::~:~~~~:::~·-~~:=:~--::~~: ro] .oo: ,;~ .,;:,1 ..~,:~ ~::,~-~~::==~,::::~.::==,.:,.,ill: -u 1 2 2 Stoc~~!~}:~~~t!~~~~~~~~~~f;~~~~~;;;; ;;; ~ ii; ~i ~i; ;; I 3;~; ~; 5i~; ;~~~ ~~; ;;; ~i~ ;;; ;~;; +~~;; :::::~~;~~~ ::::~~~;~~~ :+20. Stocks at refineries and in transit- 1 United States ••. ·--···········gallons.. 530,710 615,852 728,473 903,304 838,4211 145,093 153,423 -7.2 +446. 5 ••••.•.•..• ----·-··--- 1 • Exp~r~~~-~~======i:ll~::: i~:~~~ ~~:~~ U:m[ 4~:g~~ ~~:Wtl !~:~~~ ~g~~ :!::~~:~ =~U ---··si;i28 ··-··iia;2ii2l· -22.0 Wood at chemical plants: Consumption- I I g~~~ga~~~~~~~======~~~~~== 75,508 71, 209 70,2791 73,326 60,416 73,308 69, 760 -17.6 -13.4 143,068 133, 7421 -6. 5

stocg?~t~~~~~~~~~~======~~~~~== 5~i~ ~ 5~; ;;i 4~~~ ~Ill. 6~;~ ;ii 4~;;; 4~~ ;;; 4~;; ;~ =~;;; ;;; il =====~~;~~ =====~~;~~~~- =+9. o Daily capacity- >U~~~=~-~~~:-:~~=-=-~~:-~~~:~~ ~: ~:: ~:1 ~: ~: .~:: ~: :~: :::~===~~~===:J=_,, 17 6 Stoctt:;!ht:e~~~~~~~~~~~~~~~~:::::::~~ 7::::: 7::: ~= 7:::: 6:~: :: 7::: ~= ~:: :: 5:::: +:::: +-~: :1----~~:~: ..... :~:: .- • Ship~*1;·;~;~s-.~~~~~~~~~~~~~~~-:::::::~~ 5~:~: 4::.: 4~::::: 4:::~: 4::::1 5::::~ 4:::::: +:::: =~~ ----~~;:~~----~~~:~ ·-10.0 Canada••..•...•.••••••••••..• gallons.. 48,532 46,335 34,803 41,274 30,484 47,629 33,623 -26.1 -9.3 81,252 71,758 -11.7 0

Pro~~::~~::~::~~~~~~~~-~:t: :~~.::rg::~~~ 25, ~: 20, ~:: 16, ~:: 11, ~:: 10, ~:: 15, ~: 13, ~: ~::: ~:: J----:~::~ ··---~~~~ --22.6 Withdrawn for denaturization .• thous. of gals.. 24,203 20,999 18,861 11,174 9, 801 13,911 11,813 -12.3 -17.0 25,724 20,975 -18.5 Warehouse stocks, end of month.thous. of gals.. 11,932 11,462 8,199 7, 298 7, 496 8, 701 9, 6621 +2. 7 -22.4 -·········- •••••••.•.• - Explosives

(Black powder, permissible, and other high 1 explosives) 1 Production ••...•...•••.••••••••.thous. of lbs.. 42, 108 36,134 31, 01.'> 31,986 33,244 33,596 35,392 +3. 91 -6.1 68,988 65, 230!1 -5.4 Shipments_ .•.••...•...•.•.••••• thous. of lbs.. 40, 246 37,068 29, 236 31, 709 31, 574 35, 576 34,322 -0.4 -8.0 69, 898 63,283 -9.6 New orders .•.•.•••.•••••••••••••thous. of lbs.. 40,295 35,554 29,784 30,828 30,584 35,082 32,606 -0.8 -6.2 67,688 61,412 -9.3 Stocks, end of month ••.....••••• thous. of lbs.. 17,811 16,734 18,311 18,636 20,522 18,071 19,151 +10.1 +7. 2 •••••••.••.•...••..•••.

Turpentine Stores 28, 10,237 5, 07511 (gum~~val 921~~~ 8,175 Net receipts, southern ports_ ..••• barrels.. 33,356 33,813 4, 7581 -50.4 Stocks at port, end of month .....• barrels.. 67,038 68,546 68,432- 58,485 45,338 79,837 67,956 -22.5 Price, southern, New York.dolls. per gaL. . 56 • 53 . 54 • 55 • 55 . 61 .58 0.0 -~~! :::::'~:~ :::::'~~'~11+,.. Rosin (gum): 1 1 45,203 29, 284 -39. 7 +4. 51 74, 487 81, 396 +9. 3 Net receipts. southern ports __ .•.. barrels.. 120,886 139,264 128,0571j 50, 791 30, 6051 i Stocks at 3 ports, end of month •.. barrels.. 244, 767 256,895 257, 595~- 221, 568 184,4511 227,409 177,232: -16.8 Price, B, New York ...•...• dol!s. per bbL. 9. 27 8. 79 8. 26 8. 05 7. 59 8.87 8.301 -5.7 :!:U ======·= Rosin (wood): 1 1 I 33, 152 -3. 3 + 19. 5 70, 917 80, 569 + 13. 6 Production ...... •.••• _••••.•. barrels.. 40,903 40,678 36, 6281j 40,954 39,6151 37,765 Stocks, end of month .••...••..•..barrels.. 84, 111 88,038 88,909, 90, 258 88,3851 120,956 126, 2641 -2. 1 -30.0 ••·••·••••· .•.••••.•••• Turpentine (wood): 1 II Production .....••...•••...... •.•.barrels.. 7, 640 7, 498 7, 068, 7, 510 7, 4781 7,3471 6, 436: -o. 4 + 16 2 13 783 14 988 +8. 1 Pin:~Yfks, end of month ..•...•.••••• barrles__ 5, 569 7, 289 8, 889l 10,581 12,190, 7,8691 7,6481 +15.2 +59:4 ------~--- -·····-~---. 1 Production ....•.. ··-.... _.. __ .•. -l'"llons.. 259, 017 249, 603 216, 330, 254, 894 238, 944 1 238,703 204, 7001 -6. 3 + 16. 71 443. 403 493, 838 + 11. 4 Stocks, end of month ••••••..•••.. gallons.. 875, 424 946, 258J 980, 2021 1, 005, 571 1, 096, 756l1 938,737 899,1811 +9.1 +22.0 --········· --········- - Fats and Oils 1 I li Total vegetable oils and copra: 1 li I I Exports .•...•..•••.•.••... _.thous. of lbs .. 3, 061 3,362 3.828 2,884' 3, 637i -18.3 _+145 .. 9611 6, 521 8, 48011 +30. 0 Imports ____ ..•.•.•.•••.•.• _.thous. of lbs .. 88,409 67,961 so,1241 s!: ~~~ 6~· ~M:: 74,261 80, 1251 -19. 7 154, 386 151, 7971 -1. 7 Copra, imports .•...•...... •..short tons .• 17,208 19,722 23,474 22, 2091 +42. 7 + 18. 8 45, 683 44, 864 -1. 8 Copra or coconut oil: Imports •...•...... •••.•••.• thous. of lhs_. 36,770 24,728 ~:: ~~::I ~~: ::: :: :::J i 35,164 35, 264i -49. 0 -45. 5 I 70, 428 56, 9121 -19. 2 Consumption in I oleomargarine ..••••••...•. thous. or lbs .. 19,511 16,803 17,9171 18,490 14,356i: 15,455 15,2211 -22.4 -5.71 30,676 32,8461 +7.1 Oleomargarine: Productio~----·············· thous. of lbs .. 36,624 33,432 32, 883, I 32, 540 28, 402 I 29,474 28,9431 -12.7 -1.91 5S, 417 60,9421 -4.3 ConsumptJOn_ .....•••...•.. thous. or lbs .. 34, 591 35,281 3 27,8471 Animal glues, shipments ..••.• _.thous. oflbs .• 1 8,071 6,146 ~: ~~~~ .•••:~·.:~ ••..:~·-~~:li 6,109, 3~:m! ---~~~~~---=:·.~ -----~~·.:~~ -----~~·-~~~.- +O. 9 1 Revised. 37 TREND OF BUSINESS MOVEMENTS-Continued

Per ct. PER CENT IN· CUMU~ATIVE TOTAL I in· 1929 1930 1929 CREASE(+) OR FROM JAN. 1 THROUGH! crease DECREASE (-) FEB. 28 <+> The cumulatives shown are through Feb- I or de- ruary. Earlier data for items shown 1 crease here may be found on pages 27 to 138 Feb., Feb., of the Februarg, 1930, "Surveg" 1930, 1930, October Novem- Decem- January February January February from from 1929 1930 1-l;;'lative.. ber ber Jan., Feb., 1930 1930 1929 from 1929 ------CHEMICALS AND OILS-Continued -I Cottonseed Cottonseed: Receipts at mills •••••.•••.•••••short tons •• 1,487, 577 763,046 566, IJ 321,230 287,464 414,705 2 161,020 -10.5 +78.5 575,725 608,694 +5.7 Consumption (crush) ••.•....••short tons •• 896,904 785,271 618, 821 665,552 520,030 747,740 '512, 083 -21.9 +1.6 1, 259,823 1, 185,5821 -5.9 Stocks at mills, end of month•. short tons •• 1,181,420 1, 159,195 1, 106,566 760,745 528,006 999,198 2 648,135 -30.6 -18.5 Cottonseed oil, crude: ------·------· Production ______thous. of lbs .• 276,280 245,396 192,001 207,046 163,759 236,916 2165,497 -20.9 -1.1 402,413 370,805 -7.9 Stocks, end of month••.••••• thous. of lbs •• 121,341 124,002 116,150 126,525 109,070 141,243 2 126,357 -13.8 -13.7 Cottonseed oil, refined: ------Production••.•••.•••••••••.• thous. of lbs .• 206,597 218,269 187,050 172,089 160,524 203,358 '168,453 -6.7 -4.7 371,811 332, 613 -10.5 Stocks, end of month••••••.• thous. of lbs .• 232,699 326,843 465,226 512,5721 511,338 2 567,515 +10.2 -9.7 ...... Price, yellow, prime, 422,3351 ------New York •••.•...•.•••••••dolls. per lb .• .093 .090 .087 .084 .103 .109 0.0 -22.9 ...... ------Consumption in .0841 oleomargarine..••...••••••. thous. of lbs•• 3,022 2,852 3, 511 2,629 2,351 2,283 2,314 -10.6 +1.6 4,597 4,980 +8.3 Cottonseed cake and meal: Production ______------short tons•. 398,987 349,335 272,531 297,234 227,931 338,282 2 234,766 -23.3 -2.9 573,048 525,165 -8.4 Stocks, end of month ••.....•..short tons .• 162,074 199, 181 203,554 206,062 205,909 238,778 2 257,932 -0.1 -20.2 ------Exports._ ------short tons.• 33,434 23,714 30,894 25,063 4, 918 34,135 27,011 -80.4 -81.8 61, 146 29,981 -51.0 Flaxseed Minneapolis and Duluth: Receipts .••..•••••.•.•••.• thous. of bushs .• 3,189 1,313 575 251 119 369 346 -52.6 -65.6 715 370 -48.3 Shipments ______thous. of bushs .. 1, 697 1,445 592 163 162 283 399 -0.6 -59.4 682 325 -52.3 Stocks, end of month •••.•thous. of bushs•. 1, 179 594 882 877 745 1,063 727 -15.1 +2.5 Imports. ______thous. of bushs .• 2,582 1, 686 1,290 1, 074 2,279 1,411 2,529 +112. 2 -9.9 ------·----3,940 ------3,353 ------14.9 Mill receipts at Duluth- Superior______thous. of bushs.• 935 96 4, 919 ------2,938 69 34 ------103 2,938 Price, No.1, Minneapolis••... dolls. per bush .• 3.32 3.24 3.22 3.08 3.05 2.45 2. 55 -1.0 --+iii:ii ------Linseed oil: ------ShipmentsfromMinneapolis.thous. of lbs.• 13,707 8,467 5,043 5,198 5,493 12, 782 13,214 +5.7 -58.4 25,996 10,691 -58.9 Price, New York •.••••••••••• dolls. per lb .• .159 .150 .147 .140 .141 .100 .102 +0.7 +38.2 Linseed cake and meal: -·------Shipments fromMinneapolis.thous. of lbs•• 30,466 17,442 18,977 20,859 13,600 24,411 23,479 -34.8 -42.1 47,890 34,459 -28.0 Exports ..•..••.•..••..••••••thous. of lbs __ 52,423 li3, 104 48,745 52,833 33,970 45,718 '44, 233 -35.7 -23.2 89,951 86,803 -3.5 FOODSTUFFS Wheat Visible supply, end of month: United States•••••.•....•. thous. of bushs •• 202,781 191,833 185, 113 168,925 160,375 130,063 126,503 -5.1 +26.8 Canada ______thous. of bushs.• 213,381 217, 102 217,903 210,643 202,282 188,742 ', 184,467 -4.0 +9.7 ------Receipts, principal markets ..thous. of bushs.• 36,256 20,625 22,887 17,530 19,920 22,537' 28,698 +13.6 --{10. 6 ------51,235 ------37,450 ------26.9 Shipments, principal markets.thous. of bushs .• 27, 116 24, 121 16,402 14,170 11,234 16,762 15,192 -20.7 -26.1 31,954 25,404 -20.5 Exports: United States- Wheat ouly ______thous. of bushs .. 8, 767 9,977 7, 067 8, 245 5,185 3,399 3, 2141 -37.1 +61.3 6,613 13,430 +103.1 Includingwheatflour.thous. of bushs __ 14,664 15, 181 12, 121 13,825 9,350 9,559 8, 704 -32.4 +7.4 18,263 23,175 +26.9 Canada- Includingwheatflour.thous. of bushs •. 23,215 24,866 18,684 7,258 8,898 25,030 19,7111 +22.6 -54.9 44,741 16, 156 -63.9 Prices: No. 1, Northern Spring, Minneapolis .•.•.•.•.... dolls. per bush •• 1. 31 1. 28 1. 31 1. 27 1. 25 1. 21 1.28 -1.6 -2.3 No.2 Red Winter, ------St. Louis •••.••...••••••• dolls. per bush •• 1.32 1. 29 1.35 1.34 1. 23 1.40 -8.2 -12.1 No.2 Hard Winter, 1.421 ------Kansas City ______dolls. per bush .. 1. 22 1.19 1. 21 1.19 1.14 1.18 -5.0 -4.2 ------Wheat Flour Grindings of wheat: "'I United States ..••.•.••••• thous. of bushs .• 50,445 43,913 41,062' '43, 812 40,500. 45,767 41,292 -7.6 -1.9 87,059 84,312 -3.2 Canada ••..•.••.••.•••••• thous. of bushs .. 6,814 7, 261 4,837 5, 201 7, 794 7,286 Production: ------1 ------United States, actual••••••• thous. of bbls•• 10,968 9, 538 8,905 2 9, 510 8, 782 10,014 9,026 -7.7 19, 040 18, 292 -3.9 United States, prorated ••••thous. of bbls •• 12, 153 10,740 9, 770 9,948 -·------10,808 10,020 ------Canada ______thous. of bbls __ 1, 528 1, 629 1,073 1, 168 ------1, 698 1, 600 ---~~-~1 Grain offal, production ..••.••••• thous. of lbs•. 886,004 776,745: 728, 157 '772, 726 726,752 792,5801 716,899 -5.9 ---+i:4i --i;5o9;479 --i;499;47s -·::o:7 Capacity operated, flour mills •••.•.. per cent .• 62 581 54 56 58 58 60 +3.C -3.3 ------Consumption (computed) •••••• thous. of bbls •• 11,642 9,8341 8,043 9,808 ------9,229 8,986 ------Stocks, all positions, end of ------month (computed) ______thous. of bbls•• 8, 700 9,100 8,000 7,580 7,400 Exports: 8,4001 ------United States ..••.•.•..••.• thous. of bbls•• 1, 311 1,156 1,123 1,240 925 1,369 1,220 -25.4 -24.2 2,589 2,165 -16.4 Canada ______thous. of bbls•. 554 538 605 503 481 933 998 -4.4 -51.8 1, 931 984 -49.0 Wholesale prices: Standard patents, Minn ____ dolls. per bbL. 6. 91 6. 691 6. 83 6. 75 6.39 6. 34 6.81 -5.3 -6.2 Winter, straights, ------Kansas City ------dolls. per bbL. 6. 01 5.921 5. 95 5.84 5. 63 5. 52 5. 73 -3.6 -1.7 ------Corn

Exports, including meaL .•.•• thous. of bushs .• 732 752 8701 819 916 12,357 8,087 +11.8 -88.71 20,444 1, 735 -1.5 Visible supply, end of month.thous. of bushs.• 3,924 3, 646 8,469 16,286 24,270 28,012 36,265 +49.0 -33.11 ------Receipts, principal markets ..thous. of bushs .. 18,303 18,526 31,2211 31,344 29,564 39,876 29,229 -5.7 +1.1 69.105 -----iio;9oii ·::ii:9 Shipments, prin. markets ..••thous. ofbushs .• 11,075 9,287 15,493 16,438 13,785 19,838 13,951 -16.1 -1.2 33,789 30,223 -10.6 Grinding (starch, glucose) ••..thous. of bushs .. 8, 721 6,453 7,622 6, 568 8, 364 8, 719 -13.8 -24.71 17,083 14, 190 -16.9 Prices: No.3, Yellow, Chicago •.. dolls. per bush •• .88 ....881 .85 .82 .93 .94 -3.5 -12.8 ------No.3, Yellow, ------·-- Kansas City .•...•.•.•.. dolls. per bush .. .87 .84 .82 • 78 .87 .87 -4.9 -10.3 No.3, 'White, Chicago ..•. dolls. per bush .. .96:::1 . 87 .88 .86 .84 .95, .95 -2.3 -11.6 ::::::::::: ::::::::::: ,::::::: 'Revised. 38 TREND OF BUSINESS MOVEMENTs-Continued

I 1 PER CENT IN- I CUMULATIVE TOTAL I~P~~-ct. 1929 1930 I 1929 1 CREASE (+)OR FROM lAN. 1 THROUGH crease I DECREASE(-} I FEB. 28 I (+) The cumulatives shown are through Feb­ I ruary. Earlier data for items shown ----~---~---, ---~~~~---1~ , ' II g;e~~~ here may be found on pages 27 to 138 'I II Feb., i Feb., 1 1 (-} of the February, 1930, "Survey" 'I 1930, I 1930, 1 j cumu- October Nb~~m- Dtc:rm. January February January February\ from I from I 1929 1930 1, lative Jan,, Feb., 'I 1930

1930 1 1929 I I, from 1 I I ' ' 192

Oa~ 1 1 , I! II Receipts, principal markets.•. thous. of bushs __ l 15,336 7,098 Visible supply, endofmonth•. thous. of bushs __ 32,069 29,720 2g: Exports, including meaL ..•.• thous. of bushs __ 1, 320 955 2~: 4431~i! ~~&377, 2~: 3891~~~ ~~:1, ~~~273 ~~:'7601 ~~~ -~~:+3. 2~1 +~nil-----~~~=~~-48. 8(! 2, 033 -----~=~~::li-~::~:766,: -62. 3 Price, No.3, white, Chicago ••. dolls. per bush __ . 47 . 45 . 45 . 45] . 44! . 50 . 5o -2.2 -12. o ~------~1------Grindings, Canada ______thous. of bushs __ 1, 156 908 1 1 1 Production, oatmeal and rolled 793 661,------824 925,------1 ------~------oats, Canada ______;;~------thous. of lbs .. 14,632 10, 457 8, 891 7, 3ll______9, 956 11, 710i ------! ------11 ______

1 Receipts, principalmarkets ... thous. of bushs .. l 3,405 1, 496 5,946 1,2501------1,045 1,119i ------______[ ------______\! ______Visible supply, end ofmonth •. thous. of bushs .• 9, 903 10,588 6 9 5 6 Exports, including flour ______thous. of bushs __ 552 22 s, g~ ' l~k------36 ' m ' i~~] --+28:6 --:.:71."41 ------323 ------64!!-:.:so:2 Price, No.2, Minneapolis ...•dolls. per bush __ .97 • 95 . 98 . 911 . 78 1. 01 1. 051 -14. 3 -25.7\------"1[------Total Grains 1 II I I II Total grains exports,incl.flour _tbons. of bushs. _ 19,073 I7, 948 14,673 15,783 11, 707 25,663 2 20,921: -25.8 -44. 0! 46,584 27,490111 -41. (} Rice I I i 1 Southern paddy, receipts at mills ••.•.•• bbls .. 2, 330, 286 1, 415, 999 797,3811 869,702 961,209 621,096 591,6781 +10.5 +62.5 1,212,774 1,830,91111 +51.0 Shipments: Total from mills ______pockets (100 lbs.) __ 1, 376,400 1, 133, 769 1,023, 3461 1, 073,165 1, oo5, 121 973,256 816, 37o -6.3 +23. zj 1, 789,626 2, 078,5861 +16. 1 New Orleans ______pockets (100 lbs.) __ 249,474 178,168 132,5921 88,638 81,050 146,342 122,455·1 -8.6 -33.81 268,797 169,6881,1 -36.9 Stocks, end of month ______pockets (100 lbs.) __ 2,173,838 2, 551,417 2, 439, 1821 2 2 2 2 1 Exports ______pockets (100 lbs.) __ 1 lmports ______pockets (100 lbs.) __ 229,686 340,753 420,212 • ~~~: g~f ' ~~~: ~~ ' ~~: &gi ' ~M: ml -1~: ~ -18: ~~----873~299 ----545~235 -:.:37.-6 6,662 12,494 34, 334,1 20, 273 76, 593 29, 251 -41. 0 ~30. 71 105, 844 54, 607 ~48. 4 53,4881 11 Fruits and Vegetables ' [: Apples: ! Cold-storage holdings, , II end of month ______thous. of bbls .. 1 7, 997 9,380 7,9671 2 I Car-lot shipments ______carloads .• 36,366 14.046 5, 729 ~: ~g:r ~: m ~: ~;~ }, m -~~: ~ -1~: &i -----15~353 -----i2~4ii911-:.:i9:2 Potatoes, car-lot shipments ______carloads.. 31,253 15,299 14.826 19,8571 19,593 19,479 19,868 -1.3 -1. 4, 39,347 39,450 +O. 3 Onions, car·lot shipments._----- ____ carloads __ 5,484 2,815 2,2321 3, 277 2, 743 2, 436 1, 791 -16.3 +53. 21 4, 227 6, 020 +42. 4 Citrus fruits, car-lot shipments. _____ carloads ..! 8, 652 8, 936 10,927 IO, 091 10, 187 15, 226 13, 338 + 1. 0 -23. 61 28, 564 20, 278 1i -29. 0

Receipts._------~~-~--- ___ ---. _____ tons __ 6,386 4,442 5, 048 7,030 6, 107 ------6, 932 ------[------li------Cattle aud Beef I Cattle movements, primary markets: 1 [I Receipts. _------·---thousands .. 2 2,407 2 1, 943 '1, 555 1, 639 1, 326 21,639 '1,195 -19.1 +11.0: 2,834 2,965,\ +4.6 Shipments, totaL ------thousands .. 2 1, 012 561 2J,m 2 6271 405 -18.5 +25.4: 966 I,131)1 +I7.I Shipments, stocker and feeder.thousands .• 556 255 ~5~ ~I 178 117 -13.7 +71.81 295 43411 +41.I Local slaughter_ ------thousands .• 1, 170 958 923 1, 061 7901 -19.0 +2.0 I,85I I,80I -2.7 Beef products: 995 8061 Production, inspected •.•..••thous. of lbs.• 2 458,440 399,272 370, 843] 408, 525 327, 527 419,676 328,8571 -19.8 -0.41 748,533 736,05211 -1.7 Apparent consumption••••.. tbous. of lbs•. '453, 543 386, 168 364, 1421 2 415, 507 333, 8981 430,985 339,I94 -19.6 -1.6 770,179 749,405[ -2.7 Exports------thous. of lbs.. 1, 223 1, 100 1, 175 1, 292 1, 133 1, 119 Cold-storage holdings, ' end of month ______thous. of lbs .. l 72,059 93,444 I03, 8831 2 99 020 95, 256 93,990 Prices: 8~: ~;:\ -~~: -:~: ~: ------~~~~ ------~·-~~l-~~--4 Cattle, corn-fed, Chicago .dolls. per 100 lbs .. l 13. 31 12 69 12. 131 13. 53 12. 06j +O. 5 +3. 9~------~------Steer rounds, No. 2------dolls. per lb .. l • 236 . 240 .240' .240 .209i -1.7 +12.9 ------Western dressed steers, N. Y •• dolls. per lb •. . 238 .236 • 2351 ,;~1 '~~ Hogs and Pork 1 Hog movemen~, primary markets: I I Receipts.------.thousands .. 2 3, 701 2 3, 933 2 4,256! 4, 7J 3, 7911 ..: .] -~:: ::~ --- .. ,~ ---:0<,!1<~ . Shipments, totaL_ ------thousands •• • 1,381 2 1, 396 2 1,4491 1, 797 1, 491 1,864 1,5021 -17.0 -0.7, 3,366 3,288 -2.3 Shipments, stocker and feeder.thousands •• 50 52 53 47 49 +47. 4 + 14. 31 96 941 -2. 1 2 38 561 Local slaughter------____ •• ___ . thousands •• \ 2, 333 • 2,543 '2,801 2, 905 2, 297 '3, 266 2 2, -20. 9 -7. 51 5, 750 5, 2021 -9. 5 Pork products, total: 4841 Production, inspected ______.thous. of lbs.. I 651,681 738,485 851,3001 87 4, 334 705, 0321 974,060 770,096 -19.4 -8.41 1, 744, 156 1, 579,36611 -9.4 Apparent consumption •••.••thous. of lbs.. I 717,951 657,403 602,470, • 692, 8201' 491, 0321 2 628, 309 537, 342 -29. I -8. 6' 1, 165, 651 1, 183, 852: +I. & Exports------thous. of lbs •• 97,081 114,707 104,3771 105, 817 97, 2631 2 122, 773 93, 6811 -8. 1 +3. 81 216, 454 203, 080: -6. 2 Cold-storage holdings, end of month: TotaL_ ------thous. of lbs •. 591,247 558,146 703,0841 2 779, 277 896, 422 978,806 I, 118,606, +15. 0 -19. 9]------1------Fresh and cured ______thous. of lbs .. 491,402 489,629 620,986, 2 687, 106 783, 7071 Lard (including in pork products): 838,280 944,7421 +14. 1 -17. 0! ------Production______thous. of lbs .. 128,951 144,987 176,607 177, 2511 ______--1 Exports. ------thous. of lbs •• 70,698 83,257 80,053 73, 291 65, 953, ··:.:1o:o ::::::::l·---i5ii;oiii ----ia9;244l-:.:io:s Cold-storage holdings, f~g: i~~ ~rs: ~~~~ end of month ______thons. of lbs •• ! 99,845 68,517 82,098, 2 92, 171 112, 7151 Prices: 140,526 173,8641 +22. 3 -3.521 ------t----- Hogs, heavy, Cbicago.. dolls. per 100 lbs•• 9.65 9. 27 9.d 9. 61 10. 41 Ham, smoked, Cbicago ••.••. dolls. per lb •• . 242 • 218 . 215 . 239 . 252 1 ~:Jg ~~Jr +~! :J:[ ~~ ::::::::::::::::::::::11:::::: Lard, prime contract, N. Y .• dolls. per lb •• .114 .109 .108 .109' .1121 .121 .I23 +2.8 -8.9 ------______~, ______'Revised. 39 TREND OF BUSINESS MOVEMENTS-Continued

PER CENT IN· CUMULATIVE TOTAL ,~p~~~t. 1929 1930 I 1929 CREASE(+) OR FROM JAN. 1 THROUGH crease DECREASE(-) FEB. 28 (+) The cumulatives shown are through Feb- I----,---,----·~I , I~-----.---il---.,----ll----,----- I or de- ruary. Earlier data for items shown I crease· here may be found on pages 27 to 138 Feb., Feb., (-) of the February, 1930, "Survey" N D 1930, 1930, cumu- October b~~m- 'i,";;n· 'January February I January February from from 1929 1930 lative 1 , Jan., Feb., j 1930 1 ------·-______I·---/---- _____1_9_3o___ _19_2_9-ll----~----l f[g~ 1 FOODSTUFFS-Continued I I Sheep and Lambs I I Sheep moYement, primary market: I Receipts ...... ------.thousands .. 4, 093 2,168 1, 90311 1, 7961. 1, 87711 1, 544 -5.6 + 16. 3 3, 421 3, 699 +B. 1 Shipments, totaL ______thousands .. 281 1, 207 1, 73270311 786 735, 837 683 -6.51 +7. 6 1, 520 1, 521 +O. 1 Shipments, stocker and feeder •. thousands .• 1, 831 575 183 126 1011 188 115 -19.8, -12. 2 303 227 -25. 1 Local slaughter_-----. ______thousands .. 1,328 995 967 1, 1111 1, 041 1, 0411 840 -6.31 +23. 9 1, 8811 2, 152 + 14. 4 Lamb and mutton: I Production, inspected •.•...•thous. of Jbs .. 52,677 45,2331 43,74211 50, 289: 49, 564: 45, 4851 38, 424 -1.41 +29. 0 83,909 99,853 + 19. 0 Apparent consumption ..•.•. thous. of lbs .. 51, 963 44,976 43,6051' ' 50, 8141 48, 7781 47, 1391 39, 908 -4.0' Cold-storage holdings, end of month ______thous. of lbs .. 4, 992 5,194 5, 3171. ' 4, 6671 5, 411rl 4, 0091 3, 252 +15.91 Ptices: ::::: ~-----~~~~:~1-----::~~:~ 1-~~:-_: I ! Sheep, ewes, Chicago•..• dolls. per 100 lbs .• 4. 63' 4.98 4.94 8. 39' 7. 72 -17.3 -32.9 ------· ------Sheep, Jambs, Chicago •. dolls. per 100 lbs .• 12.091 11.97 12.00 1g: ~· 1g: !~i 15.591 15.59 -17.7 -33.0 ------Miscellaneous Meats I I I Cold-storage holdings, end ofmo.thous. of lbs.• 63, 914: 72, 744 89, 742·1 l 89, 144 90,127 88, 6781 91, 363 +!.1 -1.4 ------Total Meats I I

Production, inspected .. ______thous. oflbs.• 1, 162,798I1 1, 182,990I 1, 265,885 I 1, 333, 148]1,I 082, 124, 1, 439, 22111, 137,377 -18.8 -4.9 2, 576,598 2, 415,272 -6.3 Cold-storage holdings, end of mo.thous. of lbs.. 732, 2121 729,528 902,026 '972, 10811,087, 216] 1, 165, 483 1, 301, 992 +11.8 -16.5 ------Apparent consumption ______thous. of lbs.. 1, 223, 571,1, 088,547 1, 010, 217 ,'1,159, 141 873, 708· 1, 106, 629 916, 444 -24. 6 -4. 7 2, 023,073 2, 032,849 +O. 5 Poultry . I Receipts at 5 markets. ______thous. oflbs.• 37, 7251 73, 662 77, 325 33, 386 24, 8001 30,969 20,672 -25.7 +20. 0 51,641 58,186 +12. Cold-storage holdings, end of .no. tho us. of lbs.. Sf., 8731 115,876 140, 723 I 141,552 133,1381 102,380 89,088 -5.9 +49. 4 ------Fish Total catch, prin. ports ...•..•. thous. of bbls.. 33 2431 27, 332 18, 074 23, 918 27, 583 15,496 24,564 + 15. 3 + 12. 3 40, 060 51, 501 +28. 6 Cold-storage hQldings, 15tb of mo.thous. oilbs.. 75: 323 78, 968 75, 847 62, 4281 49, 797 62,375 '48, 364 -20.2 +3. 0 ------Canned salmon: Shipments, United States. ______cases.. 523, 761 428,399 -26.5 -13.2 952,160 877,791 -7.8 Exports, Canada._ ------cases.. ~~t ~~ m: ~~g n~: ~~ 5~t ~~1~ 3~~: ~~~ 205,096 73,556 +28.8 +24.8 278,652 163, 108 -41. 5 Butter Production (factory)------___ thous. oflbs.• 109, 733i 90, 631 94, 350 103, 949 96, 206 95,234 92,020 -7.4 +4.5 187,254 200, 155 +6. 9 Receipts, 5 markets. ______thous. of lbs.• 42,9631 38,228 39,843 43,507 41,014 44, 925 41,557 -5.7 -1.3 86,482 84,521 -2.3 Cold-storage holdings, creamery, end of month ______thous. oflbs.. 138,405, 111, 650 81,935 '60, 230 46, 513 24,747 11,910 -22.8 +290. 5 ------Apparent consumption ______thous. of lbs.• 172,923: 153, 125 160,464 160,417 141,901 157,457 143,208 -11. 5 -o. 9 300, 665 302, 318 +o. 5· Wholesale price, New York ______dolls. per lb .. .46: .43 .41 .37 .361 .48 . 50 -2.7 -28.0 ------

Cheese r I Total, all varieties: I • Production (factory) ______thous. oflbs.• 22,554 22,542 22, 293'1 29,219 28,761 -6.4 -22. 5 57,980 46, 100 -20. 5 Ill Receipts, 5 markets ______thous. oflbs.. i~:~~~~· 11,828 10,880 23,807112,525 12,467 13, 781 13,878 -0.5 -10. 2 27, 659 24, 992 -9. 6 Apparent consumption ...... thous. of lbs.. 42,329 37,112 35,695 40,424 33,8071 40, 192 36,450 -16.4 -7.3 76,642 74,231 -3. 1 Cold-storage holdings,end mo.thous.of lbs.• 94,879 86,949 80, 623 '69, 223 61,906, 74,016 63,968 -10.6 Imports ______thous. of lbs.• -3.2 ------6, 911 6, 902 7,015 5, 3611 4, 395i 7,291 5, 687 -18.0 -22. 7 12, 978 9, 756 -24. 8 ,., Exports, United States ______thous. oflbs.• 195 130 241 181 244 194 +9.4 +2. 1 438 379 -13. 5 ,. Exports, Canada ______thous. oflbs•• 17, 1441 13,925 4, 9631 1, 552 ~~g! 1, 500 714 -82.0 -60.8 2, 214 1, 832 -17.3 American whole milk: Cold-storage holdings, I end of month ______thous. oflbs.. 78,05811 71,065 63,478 '53, 672 47, 879l 49,546 -10.8 -3.4 ------Wholesale price, New York .dolls. per lb •• .24 .24 . 23 .21 . 21i 57, :ggl. . 24 0.0 -12.5 ------Eggs i Receipts, 5 markets ______thous. of cases .• 7351 532 6331 917' 1, no' 918 832 1, 750 2,027 +15. 8 Cold-storage holdings, end of month: Case. ------thous. of cases .• 4 9301 2,631 704 139 841 248 11 -39.6 ------Frozen .. ------thous. of lbs.• 70;3311 61,772 53,644 '44,080 35,016: 48,055 38,250 -20. 6 -8.5 ------Milk I I Condensed milk: Total stocks, mfrs., end of mo.- I Case goods. ______thous. of lbs.. I 29, 1821' 27,126 25,462 21,740 18, 671[ 10,393 8, 463 -14.1 +120. 6 ------­ Bulk goods ______thous. of lbs.• 27,559 24,514 23,606 I 23,475 20, 256i 6, 271 5,826 -13.7 +247. 7 ------Unsold stocks, mfrs., end of mo.- Case goods. ______thous. of lbs•. 23,614 21,722 20,341 16,502 14, onl 5,339 3, 227 -14.7 +336. 2 ------­ Bulk goods______thous. of lbs.• 7, 735 7,600 6,289 2, 925 2,669 -25.6 6,8551 4, 678: +75. 3 ------Exports.------tho us. of lbs•. 4,019 2, 771 3,100 2, 623 3,432 3, 486 +36.6 +2. 8 6, 918 6, 205 -10.3 Wholesale price, New York. dolls. per case.. 6.13 6.13 6.13 6.13 36~~ii 6.18 6.18 0.0 -0.8 ------Evaporated milk: Manufacturers' stocks, end of mo.- Total, case goods ••••••..thous. oflbs .. 244,035 231,970 211,954 1175,974 153, 1211 137, 163 116,823 -13.0 +31.1, ------Unsold, case goods •••••.thous. oflbs._ 192,084 185,455 169,345 143,769 129,499: 112,430 95,925 -9.9 +35. o: ------Exports ______thous. of Jbs .• 5,179 4, 767 5, 339 5,839 5, 121] 6,021 6,606 -12.3 -22.5 12,627 10,960 -13.2 Wholesale price, New York.dolls. per case •• 3.95 3.95 3.95 3. 95 3. 95i 4.58 4.58 0. 0 -13.8 ------Production, condensed and evaporated millr______thous. oflbs •. 124,434 107,119 117,095 125,073 124,8351 129,982 129,095 -0.2 -3.3 259,077 249, 908 -3. 5 Powdered milk: 1 Manufrs' stocks, end mo .••.thous. of lbs •• 29,118 29,616 31,061 '29, 833 25,502 13,450 11,525 Exports. ------thous. of lbs .• 678[ 446 561 944 454 3721 488 =11:8 +~~: g~------860 ------i.-398 +62 6 Net new orders. ___ .. ______thous. oflbs •• 6,879, 6, 927[ 6,845 8,956 8,613 '7,341 '6,982 -3.8 +23. 4 14,323 17,569 +22. 7 I Revised. 40 TREND OF BUSINESS MOVEMENTs-Continued

1929

FOODSTUFFS-Continued MUk-Contlnued Fluid milk: Receipts- Boston (includ. cream) __ thous. of qts __ Greater New York ______thous. of qts __ Production- Minneapolis, St. PauL.thous. oflbs•• Consumption in manufacture of oleomargarine ______thous. of lbs __ Sugar Raw.: Imports- From Hawaii, Porto Rico •. long tons __ From foreign countries _____ long tons __ Meltings, 8 ports_ ------long tons __ Stocks at refineries, end month.long tons __ Refined: Shipments, 2 ports ______long tons •• Stocks, 2 ports ___ . ______long tons __ Exports, including maple •••••••long tons __ Prices: Wholesale, 96° centrif., N. Y .dolls. per lb .. Wholesale, granulated, N. Y .dolls. per lb •• Retail, granulated, N. y _____ dolls. per lb •• Retail average, 51 cities ••• relative to 1913 •. Cuban movement (raw): Receipts at Cuban ports ______long tons __ Exports._------long tons __ Stocks, end of month ______long tons __ Candy Sales by manufacturers.;------thous. of dolls __ Co1fee Imports______thous. of bags __ Visible supply: World. ______thous. of bags __ 5,043 United States______thous. of bags __ 686 Receipts, total, Brazil ______thous. of bags __ 1,365 Clearances: Total, Brazil, for world ____ thous. of bags __ 1,324 Total, Brazil, for U. S ______thous. of bags __ 682 Price, Rio No.7, Brazil grades .•• dolls. per lb •• .139 Tea Imports_ ------thous. of lbs •• Price, Formosa fine, New York • .dolls. per lb •• Cocoa Shipments from the Gold and Nigerian Coasts, Africa ______long tons __ Imports._ ------long tons __ .spot price, Accra, New York ______dolls __ TOBACCO ·Consumption (tax-paid withdrawals): Large cigars------thousands__ 701,711 Small cigarettes ______thousands .• ll, 202,294 Manufac. tobacco and snuff __ tho us. of lbs__ 33, 738 Exports: Unmanufactured ______thous. of lbs __ 79, 150 Cigarettes ______-----__ thousands._ 586,767 Sales of loose-leaf warehouses ____ thous. of lbs •. 166,456 TRANSPORTATION River and Canal Cargo Trame Panama Canal: Total cargo traffio ______thous. of long tons __ In American vessels .•• thous. of long tons .. In British vessels ______thous. of long tons __ Sault Ste. Marie canals ••• thous. of short tons __ New York State canals ••. thous. of short tons __ Cape Cod Canal ______short tons __ .Suez CanaL ______thous. of met. tons __ Weiland Canal ______short tons __ St. Lawrence CanaL ______short tons __ Mississippi River Govt. barges ____ short tons __ Ohio River, Pittsburgh, Pa., to Wheeling, W. Va------short tons .• +28.2 Allegheny River ______short tons __ -8.5 Monongahela River __ ------short tons __ +1.5 'Revised. 41 TREND OF BUSINESS MOVEMENTS-Continued

PER CENT IN· 1929 1930 1929 CREASE(+) OR DECREASE (-)

TRANSPORTA TION-Contlnued Ocean Trame Clearances, vessels in foreign trade: TotaJ. ______thous. of net tons •• American ______thous. of net tons •• 10,793 11,061 +2.5 Foreign ______thous. of net tons .• 3,859 4,000 +3.7 6, 933 7,061 +1.S Shipbuilding Completed during month: TotaL ______----- ___ ------__ gross tons .. 8,620 14,347 13, 6921 23,779 7, 413 Steel seagoing ______gross tons •. 2,167 7,369 10,633 21,493 ------·- 3,392 Building or under contract, end of month: ------Merchant vessels .••.. thous. of gross tons .. 400 334 3721 376 ------126 Freight Cars I •. cars.. 124, 1941 340,740 447, 1411 392, 552 440,275 SurJ?f~~a~~~~~~-~~~!~~-~~~~~!-~~~:~LBox ______cars.. 80,956 181,198 246,982' 217,024 206,531 CoaL ______cars.. 17,0661 114,826 144,3531 123,469 180,089 Sho~~l:l:~~~-~-~~~!~~~-~~~~~!-~~~:~:~_cars.. 436 ------9 ------~~~C:::::::::::::::::::::::::::::::~:i~:: ------34!:::::::: :: :::::::::: 1:::::::::: :::::::::: Car loadings: I TotaL ______cars .• 4, 677,375 4, 891,835 3, 340,993 3, 349,424 3, 505,962 Grain and grain products ______cars.. 185,681 191,975 159,676 156,665 174,980 Livestock------cars.. 149,101 156,889 101,798 108,036 102,960 Coal and coke. ------cars.. 877, 576 1, 001,992 816, 589 828,272 797,867 Forest prodncts ______cars.. 254,356 275,208 181,810 181,810 217, 239 Ore ______cars.. 240, 164 146,073 32,877 33,657 33,474 Merchandise and I. c. J. ______cars •• 1,086,098 1,276,286 908,085 890,152 938,429 Miscellaneous.------cars.. 1, 884,399 1, 843,412 1, 140, 158 1, 150,832 1, 241,013 Railroad Operations Operating revenues: I Freight______thous. of dolls •• Passenger ______thous. of dolls •• 483,0381 384,040 340,821 337,993 ------66,118 62,451 74,438 70,452 ------Total operating ______thous. of dolls •• 608, 661 499,211 468,879 451, 190------Operating expenses. ______thous. of dolls .. 404, 3~7 372,167 362,814 356,469 ------Net operating income ______thous. or dolls .. 86,669 Freight carried ______mills. ton-miles __ 152,987 72,227 55,474 ------47,814 38,723 36,040 36,664 ------Railway Equipment Locomotives (Am. Rv. Assn.): Owned, end of month- Quantity_ ------number __ 57,195 57,088 56,819 2 56,753 56,650 58,608 li8,508 -0.2 -3.2 Tractive power ______mills. of lbs •. 2, 538 2, 635 2, 531 '2,530 2,529 2,569 2,557 -1.1 ------...... In bad order, end or month------___ .., ______Quantity __ ------•. number __ 7, 631 7,833 7, 662 7, 937 8,342 8,161 8,383 +5.1 -0.5 Per cent of total in use ______per cent •. 13.4 13.8 14.1 ------Installed ______.number__ 13.6 14.8 14.0 14.4 +5.0 +2.8 ------166 . 187 158 160 115 Ill 114 -28.1 +0.9 225 275 ------+22.2 Retired. ______.number__ 343 New orders ______number •. 327 377 227 218 236 214 -4.0 +1.9 450 445 -1.1 125 34 167 163 16 28 68 -90.2 -76.5 96 179 +86.5 Shipments, manufacturers' (Census)- TotaL ______•.number __ 96 95 67 48 67 23 23 +39:~ +191.3 46 115 +150.0 Steam, domestic ______number •• 90 75 62 48 60 6 20 +25. +200.0 26 108 +316.4 Electric, domestic ______number .. 6------4 6 +300.0 7 4 -42.9 Unfilled orders (railroads), end of mo.- I ------I ------From manufacturers ______number •. 248 234 336 334 343 236 253 +2.7 +35.6 ------In railroad shops ____ _. ______number.. 46 65 95 107 107 42 38 0.0 +181.5 ------UnfilledTotaL orders, ______manufacturers' .•(Census)- number__ 423 398 490 587 533 278 339 -9.2 +57.21------Steam, domestic ______number •• 347 340 435 5.27 479 251 301 -9.1 +59.1 ------Electric, domestic ______number .• 49 49 48 50 46 21 20 -8.( +130.0 ------Exports, steam. ______number•. 11 21 13 2 8 18 13 +300.0 -38.5 ------31 ------10 -67.7 Fre.ight cars (Am. F/IJ. Assn.): Owned, end of month- Quantity ______thous. of cars __ Capacity ______mills. of lbs •• 2,265 2,264 2,263 2,265 2,267 2,276 2, 271 +O.I -0.2 209,137 209,340 209,516 '209,342 210,268 209,014 208,718 +0.2 +0.7 ------In bad order, end of month- t::::::::::: ------Quantity __ ------______cars •• 126,055 124,257 118,807 124,260 122,327 136,319 144,620 -1.6 -15.4 ------Per cent or total in use ______per cent •. 5. 7 5.6 5.4 5.6 5. 6 6. 2 6.6 -1.8 -16.7 ------New orders ____ ------______cars •. 17,207 5,126 9, 786 6,632 16,931 12,452 14,393 +140.2 +IO. 7 ------26,345 22,568 ------16.0 Shipments- '!' otaL. ______---______- __ .cars._ 7,818 6,966 7,856 8,095 29,600 1,814 I, 152 +18.6 ------2,966 17,695 +496.6 Domestic. ______.cars __ 7,363 6,891 7, 513 7,426 '9,366 525 887 +26.1 ------I, 412 16,792 UnfilledTo taL orders ______(railroads)- ---- __ cars._ 33, 123 30,069 34,085 33,457 30,800 28, 121 40, 5391 -7.9 -24.0 From manufacturers ______cars •• 29,857 25,677 29,796 28,057 25,722 24,109 35,891 -8.3 28.3 ------In railroad shops ______cars •• 3,266 4,392 4,289 5,400 6,078 4,012 4, 648 -6.0 +9.3 ------Passenger cars: ------New orders ______------cars •• 51 57 77 58 134 228 21 +131.0 ------249 192 -22.9 Shipments-TotaL ______.cars •. 69 189 116 95 '78 Ill 90 -17.9 -13.3 201 173 -13.9 Domestic. ______---___ -_-.cars._ 69 149 116 80 '78 109 90 -2.5 -13.3 199 158 -20.6 'Revised. 42 TREND OF BUSINESS MOVEMENTS-Continued

- [P~rct. PER CE!'.T IN· CUMULATIVE TOTAL : Ill· 1929 1930 1929 I. CREASE (+)OR FROM IAN. I THROUGHi crease I DECREASE(-) FEB. 28 1 (+) The cumulatives shown are through Feb­ --~~~------•-----,------~----1~------1~----~1----jI gie~~; ruary. Earlier data for items shown I here mag be found on pages 27' to 138 of the February, 1930, "Survey" 1 October Nb~~m- D'f,cem- ; January February! January February 'I {~fo:from ~ifo: from II 1929 1930 i1 c~;;;~.klti,-e 1 1930 er ! 1 , Jan., Feb., I' I I 1930 1929 I from ~~-~~-----,----~--- 1 ----1----!11929 TRANSPORTATION-Continued ~ I --~---~~ !j Highways

Concrete pavements, new contracts: 1 j TotaL .•••...... •.•.thous. of sq. yds.. 13,151 5, 358 7, 462 6, 595 6, 887 7, 461 3, 241 +4. 4 + 112. 5j I 10, 702 13, 482''I +26. 0 Road._ ...••...•...... thous. of sq. yds.. 9,157 3,207 5,043!il',1 5,244 5,357 6,0891 1,689 +2.2 +217.2 7, 778 10,6011! +36.3 Federal-aid highways: j

Completed- 1 Cost...... _.thous. of dolls.. 27,504 25, 131 28, 321lli 7, 680 9, 2661 16,057 13, 188 1 +20. 7 -29. 7[ 29, 245 16,946:1 -42.1 1 1 Und~;~~~:~:::!~:~~!:ontii==~ll:~== 8,~~g 7,m 7.~~~~~ 7,ml 6.~~~. 7,~~1 7.~~~ +~U]I-1~:~1 1 ______~~~ ------~~1~~=~=

National parks: I I I '1 Visitors ______number.. 67,012 52,563 35, 762,[ 47, 296' 48,342 46, 242' 43,505 +2. 2 +11.1 1 1 89,747 95,6381 +6. 6 Automobiles entered ______number.. 12,415 8, 574 5, 6751 1: 19, 335! 9, 9261 7, 473] 10,8351 -48. 7l -8.4 1 18,308 29, 261'[ +59. 8 1 1 Arrivals from abroad: 1 I I I Immigrants ______number__ 26,740 21,5221 17,842 , 14,767 ------1 17,806] 1 17,254~------·------1------~------

1 1 ~ep~~1i~itf;~~1~;::~:~~;;;;;;;;;;;;;~;~;; :;~ ;~~ :;~ ;~; :;~ ;;;1 :;; ;t;;;;;;;;j ~; ;~1 :;~ i~1 ;;;;;;J;;;;;;;:[;;;;;;;; ;;;;;;;;;;;ii;;;;;;; ~~~~:1s~J:~;~~~~~~~~~~~~~:~~~~s~no~::l:::: :: ::~ :::::1 :: :~:~~ ~: :::~-----~·.:~~~ ~: ;~:~ :: :::l __ :~~~l.:~~J _____ ~:~:~~ -----~:~~~::__~~~~ ;~ew:g:J~~!~~:J~:~~~~~~:~~r-~~~:;::::=:;:: 2, 7~:~ 2, 4~:~ 2, ·:~!; 2, 7:~~------~~ll 2, ~:! 2, 5~:~~---~~j---~~~J::::~::::: ::~:~:::::::!::::::: Averagesale::::~::::sroom ... dollars.. 4.111 4.17 3.92;;1' <.Mj: 4.0511 4.121 4.1311 +0.2~ -1.9:~~------'... ~.------

Public merchandise warehouses, _ 1, .. I. : i :. 76 space occup:~~~~~--~~;~;;::~ of totaL 41 77.1 '75. 9j ,4. 8i------,~ 67. 7! 68. 3!j------i------~!------,......

Telephone companies: I Operating revenues ______thous. of dolls.. 79,653 77,664 74,788: 1 Operating income ______thous. of dolls.. 20, 047,. 18,302 19,821 Telegraph companies: 1 Commercial telegraph tolls_ thous. of dolls.. 12, 48511 10, 540 11, 1801 Operating revenues ______thous. of dolls__ 15,9471 13,633 14, 133! Operating income ______thous. of dolls__ 2, 029 2, 260 1, 658: Gas and electric companies: 1 I Gross earnings ______thous. of dolls__ 197,500 202,500 203, ooo: Net earnings ______thous. of dolls.. 83, ooo1 92,000 100, ooo ,', 92, ooo',______92,000 1 Electric railways (212 companies): 1 1 1 I II ' r~~r~~~er:r~~~:~~~~~~~~~:~-~~~~~:-~~~~~~~:: n~. ~~gl 74~: g~~ 79~: gi~i 78~: ~~L-~~~~~~: 11 79~: ~t:~ 74~: ~~~~ ___ :-::~~~---:-::.~i~--~~~:~~~~~ __ :~:=:~~~ __ :-:~~~ E'oo¥:1~;::;~::,~~=:~>•->w= 'u' ,J ~~ ,,J '·'~I -~ 1- j ·__ _ lly water power...... mills. of kw.-hours__ J2, 7301 2, 643 2, 748\ "J2, 200·------rl 2, 698, 2,44~~------~------~,------fJ'si~~~~-raiiways;----mills. of kw.-hours._ 5, 978, 5, 600 5, 7621 5, ,471------'1 5, 543: 4, 981 ------.------,:------,------manfg. plants, etc ... mills. ofkw.-hours__ 3891 360 4021 412:------11 437 383: 1 ------'~------·------In central statwns _____ mtlls. of kw.-hours__ 8, 319 7, 883 8, 1081 8, 235~------1 7, 804: 7, 046·~------Electnc power production (Ca~ada)_: _: , _ I•1 : J I 111 TotaL. ______mtlls. of kw.-hours__ 1, 594 1, 595 I, 53ot 1, 5!o, ______1, 508 1, 346, ______1------·[------______,l 1 By water power...... mills. of kw.-hours__ 1, 559 1, 559 1, 497, 1, 5051------!, 1. 479 1, 315~------~------j------~------Exported .. ______mtlls. of kw.-hours__ 126 124 102 113 ------'' 114 111 ______!, ______------1 ~~e;;;~~b~;;:~r~fg~P:~t~tZa'l':,~~rg~ous. of dolls __ ------'!:------,------~~:~------,------~~------:------~(.------, '.------

By geo~raplnc diVISIOns- • ') 1 !I ! _1 I ! lr Umted States ..... _____ rel. to 1923-25_. 134. 6, L2. 91 116. 41.l 121.8: 123.5 1 132. "·. 140. 4'1 +1.4, -12. 0 ~------•------· New England ______rel. to 1923-25.. 12fi. 21 118.1 107. Oi: 120.5: 113.3, 127. 6; 132.81 -6.01 -14. 7[.------1 ------1------North Central, ______rel. to 1923-25.. 136. 9[ 122. 2,1 109.0,1 1~8. o: 136.8 j 138. 8' 149.£ +6. 9 -8. ~~!------i ______l'vitddleAtlantw .... ___ rel.to1923-25__ 133.01 124.31 120.5.1 125.8 126.0!1 123.7 130.1 +0.2 -3.6l ______f ______Southern ______rel. to 1023-25__ 131.2 122.8 130. 4[ 110. o: 118.3 120.5 137.7 +7. 5 -14.111 ______------'------11 Westeru ______rel. to 1923-25__ 133.81 142.61 126. Oil 115.2 127. 5I I 131.9 140.8 +10. 7 -9.4~1------i______By industry- I \\ 1 I' I j Allindustry ______rel.tol923-25 .. 134.61 122.91 116.4l'l 121.8l'. 123.5,1' 132.5 140.4 +!.4 -12.0I'i------Chemical and allied \ 1 . I 1 i products ...... rel. to 1923-25-- 145.0. 147.3 148.0 1 136.7 139.61 129.2 138.7 +2. 11 +O. 61.------· ·------1 Food and kindred !\ , 1. i lj I I products ...... rel. to 1923-25_, 131.7 127.9 121.1, 132.3 129.2 1 128.0 127.5 -2.3 +13 .. ______------Rolling mills and steel 1 I ; ! plants.. •. , ...... rel.tol923-25.. 144.81 123.2 120.511 143.1\ 143.0 ,1 153.5 163.3 -0.1 -12.41------1 1 Metal workmg plants-.rel. to 1923-25_, 145.01 128.71 127. 2"i 126.71 130.51 135.8 153.7 +3. 0, -15.1 '------1 1 Metalgroups_ ...... rel.to1923-24 .. t 145.11' 126.7 124.9 132.91 135.0 1 142.6 157.3 +!.6 -14.2\------Leather and its 1 I' 11 : 1 products ...... rel.to1923-25 .. , 93.0 97.6 , 89.0,.1 92.3; 86.5 94.3 102.1 -6.3 -15.3'~------Lumber and its 1 1: ! 1 products. ______rel.ot1923-25_. 109.81 111.8 1 92.8 1 87.5: 94.71 107.4 107.6 +8.2t1 -12.0~------1 ~~be~e~~~SY~~------rel. to 1923-25.. 141. 01' 133.71 132. II 120.81 138. olil 126.2 125.2 +14. 21 +10. 2~------~------products ...... rel. to 1923-25.. 135. I 113. I 108.411 144.4: 185. 4 148.2 154.7 +28. 41 +19. 81------Shipbuilding...... rel. to 1923-25 .. 134.4 114.0 120.41 124. 4i 125.4\ 108.2 95. 5 +O. 81 +3!. 3 ,.. ______Stone, clay, and glass ..rel. to 1923-25_. 159. 2, 146. 2', 146.2, 124. 2, 116.71 137.4 148.7 -6.0: -21. 5~~------...... Textiles...... rel. to 1923-25_. 1 129.81 115. 5I' 109. 8[1 112.41 103.3 129.4 133. 0 -8. 1 -22. 4~------......

Auto~obiles, including '1 I! I I 1 repatrparts .. _____ ...rel. to 1923-25.. 122.4 88.4· 79.4.' 99.8' 116.6 149.4 161.5 +16.8.1 -27.8 ------1

~Revised. 43 TREND OF BUSINESS MOVEMENTS-Continued

;ER CENT IN- I cuM~LATIVE TOTAL IP~~-ct. 1929 1930 1929 CREASE(+) OR FROM JAN. 1 THROUGH crease II DECREASE(-) FEB. 28 (+) The cumulatives shown are through Feb- 1----.----.----11----....,.----­ ruary. Earlier data for items shown ---,,-----11------,------llg~~ here may be found on pages 27 to 138 Feb., Feb., (-) of the February, 1930, "Surveu" Novem­ Decem­ 1930, 1930, cumu­ October ber ber January Fe bruar y January February I from from 19~9 1930 lative] Jan., Feb., 1930 1930 1929 from I 1929 -·------1------I-----1----1---- EMPLOYMENT AND WAGES ! Employment in factories: II 1 New York State ______rel. to 1923-- 89.7 87.6 84. 2, 82.3 81. 9 84.8 -0.5 -6.0 ·------______, ------New Jersey------______rei. to 1923-. 103 100 95 93 94 97 ";,li Pennsylvania ______rel. to 1923-- 87 93 91 90 9 0 81 841 Delaware ______rel. to 1923 .. 83 84 84 81 8 1 75 77; Maryland ______.rel. to 1924 .. 93.1 90.9 89.2 86.2 87. 2 85.7 Iowa ______rel. to 1923 .. 88.91 ]j !H ~~~~~~~~~~~ =~~~~~~~=~~~ ~~~~~~~ 133.6 130.0 126.8 122. 91 125. 2 121.8 124.4 Illinois ______rel. to 1925-27 .. 103.8 102.7 99.3 97.8 98. 0 98. 2 Wisconsin ______rel. to 1923-- 100.311 98.1 94.7 90.11 90.0 ------94.2 97.21 Ohio------______rel. to 1923-- 113 107 102 101 ------108 112' Cleveland ______rel. to Jan., 192L- 119.2 108.8 117.9 106.21 109. 1 ------123.611 I ; Milwaukee------______number __ 40,599 39,591 39,016 39,823 ------40,707 42,143,, ~~~l ~~~~~~~~ !!!: : !~:!:!::: New York State ______number .. : 496,578 485,018 465,915 455, 480 453, 284 469,1251 482,25211 Oklahoma_------______number __ 38,620 37,510 33, 081 ______32, 618· Total pay roll: 34, 0931 - 32,2071 New York State (weekly)-thous. of dolls .. 14,938 14,328 13,860 13, 524 13, 304 13, 9381 Oklahoma (weekly) ______thous. of dolls-- 1,054 1, 032 934 884 1923 .. 900 ------14·~t I Wisconsin ______rei. to 106.0 100.4 87.7 ------96. 1 110.01 New York State ______rel. to 1923 .. 99.1 95.0 89.71 89.7 88. 96.0, 91.91 31 92.51 New Jersey------· ______rei. to 1923 .. 118 112 107 105 10 1081 Pennsylvania ______rel. to 1923 .. 93 90 86 85 8 82· Delaware ______rel. to 1923 .. 90 90 86 8 ••••••• 'U!I831 0. 0 +3. Illinois ______rel. to 1925-27 .. I +3.1 -6.761~------1------l, ______. ______~ ______105.81 101.3 969gll 91.2 94. 94.7791 100.7 ;:;~i:l_;;~~~·····•••::l:•••·······~ Employment, ~I Canada ______rel. to calendar year 1926 .. 125. 6i 124.6 119. IIi 111. 21 111.61 109. 1 110.51 +0.41 +1.0,1. ______!------J: ___ :: ·Ohio construction ______rel. to 1923.- 136.91 125. 1 112. o, 89.31 Employment, trade-unions: ~- 1~~---~---~---~---~1------~------i,------United States ______per cent of totaL 89.01 88.0 2 :~: :~------~~-~ 85. Oj Canada ______per cent of totaL. 84011 8v. 0 2. 5 8. 211------~------94.01 90.7 89.2------1 93.71 Anthracite mines: 88. 61' 93.l-······~------~------~------'------Employment._ ------rei. to 1923-25 .. 109.81 107. 6, 110. 8:! 105. 61 107.81 109. si 109.4j! +2.1 -1. 511------'------~------Pay rolL------rei. to 1923-25 .. 116. ol 110 3" 92. 11 103. 7 112. 6! 107. O•f +12. 6i -3. 1 j------_1·------+--- __ _ Federal civilian employees, I 87.61 . I' 1 Washington, D. C., end month ____ number __ 63,877 63, 9461! Average weekly earnings, factories: 63,7131 64. 3561 64, 6621' 62,2571 62,38811 +O. 5i +3.6~~------1------:: _------Illinois ______dollars .. 29.17 28.52 28.121 28.30 29. 24 28.72 New York State ______----- ____ dollars.- 30.081 29.75 11 29.70 29. 36 ~:~~~~-~ :.t:n :.t:~: ~ 1=::::::::::1:::::::::::1 :::::-- Wisconsin ______.dollars._ 26.1329.541 24.1811 29.71124.45 24 10~------1 27. 15 ------·-1 j,- -- __ :: Oklahoma. ______.. .dollars __ 1 ------+------~'------~~:~i 27.51 27. 3s \ 27. 21 ------27.09 New York. ______rei. to 1923-- 110.41 1 108.41 109.211 109. 01 107. 8. 109. 1 New Jersey ______rel. to 1n3 __ 115 113 ll3 114 1141: 112 ii~~!!i·--=nl·--=ni::::::::::::l:::::::::::i'::=-::: Pennsylvania. ______rel. to 1923 .. 1071 105 1021, 102 1041! 102• ws;l +2. ol -3.711------____ , ______.1:------lJelaware ______rel. to 1923 .. lOt 106: 10711 105 1041 Illinois ______---- ___ -rel. to 1925-27 __ 102.81 100.51 99. 1[1 99. 71 103.110.'l~ Wisconsin ______rel. to 1923 .. 108.1[ 105. s: 98. 21, 95.91------: Average weekly earnings (National Industrial I ,, 1~~gl i~~Ji 1---~~~~~ ---~~J 1:::::::::: =I:::::::::::! I::::::: Conference Board): I ii I! I II I I Grand total (both sexes) ______.. dollars __ 28. 80, 27.721 27.53:1 21. 51 27. ool: 28.08 'fotal male ______dollars .. 31. 60' 29.37 29. 53 29. 751' 30.511 1 29. 83'1 Skilled male .. ------______.

Ill I 'I PER CENT IN- I CUMULATIVE TOTAL P~r ct. ' ------,--1929 ----. _I, ___1_9_3_0--l'---1-9'2-9---li'-~-RE-Ec-~-~.A-~t_~ __o_)_II-F-R-O-l!_1_;_~_'o,~_:s_H_R_o_u_GH-II c(r'}d;ee- The cumulatives shown are through Feb- ,. ~ _ , _ 1 0

ruary. Earlier data for items shown 1 ,i! I crease here may be found on pages 27 to 138 Feb., Feb., (-)

of the February, 1930, "Survey" No e Decem- 1 I 1930, 1930, cumu- October berm- ber 'I January February January February from from 1929 1930 lative I Jan., Feb., 1930 1 ______----~---:---~--- ____ ~ ~~ _t_r~_:_ DISTRIBUTION MOVEMENT Retail Sales Mail-order houses: Total sales, 2 houses ••••••• thous. of dolls .. 79,256 73,697 90, 019! 45, 1511 46,03111 47,400 46,3961 + 1. 9 -0.811 93, 796 91, 182 -2.8 Sears, Roebuck & Co ••.••• thous. of dolls .. 47,075 43,846 54,220 26,8201 27,625' 29,271 27, 741 +3. 0 -0.4 57,012 54, 445 -4.5 Montgomery Ward & Co •• thous. of dolls .. , 32,181 29,851 35, 799i 18, 331 18, 406 18, 129 18, 6551 +O. 4 -1. 31 36,784 36,737 -0.1 Ten-cent chain stores: Total sales (4 chains) .•••.• thous. of dolls .. 51, mn 49,879 87, 948 I I 34, 657 37, li23 33,513 36,351 +8. 3 +3. 2 I 69,864 72, 180 +3. 3 Total stores operated ( 4 chains) .. number.. 2,834 2,856 F. W. Woolworth & Co ...thous. of dolls .• 27,678 26, 160 4 1 Stores operated •••...•...... number •• 1,823 1,828 t!ii' ~: ~gil ~Jig 1r: ~ '1~: ~i 1H +~: ~ ~-----37:o35 -----38:4381--+3~8 S. S. Kresge Co .....••..•..thous. of dolls .• 13, 761 14,021 2 1 Stores operated •••.•.•...... •number __ 568 584 McCrory Stores Corp ..••.thous. of dolls .. 3, 798 3,854 :: ~i~i :: !8~ :: ii~ :: ~~ .:: m: 1u +]iJ r:::::~:~::: :::::~:~~~~ ::i:~: Stores operated •..••.••..••..number __ 243' 243 S. H. Kress & Co ...•••....thous. of dolls .. 5,824 5,844 Stores operated •••.•••••....• number .• 200 201 12, ~~I 4, ~1'1' 4, L~ i 4, ~~ 4, ~!~! ~g: g[ H~ !::::::~~~~~ ::::::~~~~~ ::~~:~ Metropolitan ....••••.••••• thous. of dolls .. 1, 663 1, 8191 3, 432~~ 971 9951 799 I 882j +2. 5 + 12. 81 1, 681 1, 966 + 17. 0 Stores operated ...••.•..•••.• number __ 141 151 15 3, ~~~~ 105 109 1091 0. 0 -3.71------W. T. Grant Co ...... ••.•. thous. of dolls .. 6,164 6,5041 3 3 Stores operated ....•.•..•.•.. number.. 263 273 11' g~6 279 a,~~~~ ' ~i~ ' g~~~l +~:! +~UI------~~~~~ ______:~~:~ -~~~:~ F. & W. Grand ______thous. of dolls .. 2,016 2,067 1 Stores operated ••....•....••. number -­ 91 94 3,egl 1,2~~ 1,3~~~ 1,0~ 1,1~ +~:g :j:g:~l------=~=:~ ------=·-~:: -~~~:~ Other chain stores: Isaac Silver & Bros ..••.•..thous. of dolls .. 833 1, 527 457 534 365 4411 + 16. 8 +21.1 806 991 +23. 0 Stores operated._------..number __ 9i~ll 45 J. C. Penny Co ..••.••••••• thous. of dolls •. 2 23,301 2 24,420 2 1 1 2 Stores operated ...•••••....•. number.• 1,373 1, 389 g!! i8: tii f G. C. Murphy Co ....•••••thous. of dolls .. 1,403 1,464 ~: ~!~ ~: ~: ~!~ ~: g~ ~: g~il ~ :::::~~~~~~ :::::~~~~~~ :~~~:~ Stores operated. ------number.. 152 Restaurant chains: 1501 Total sales (3 chains) •••... thous. of dolls •. 5,256 4,980 2 Stores operated. ------number.. 373 376 :: !::r 4, !:~~ 4, !:I 4. ;;; 4. !:;1' :;: il +1; ; :: :):0 :: :: ~;;1 :;; 1 Childs Co., sales .••••••.•.•thous. of dolls •. 2,412 2,299 2,4071 2,307 2,148 2,184 •2,144 -6.9 +o.21 4,328 4,455 +2.9 Stores operated. ______number•• 109 111 111 112 J. R. Thompson Co., sales.thous. of dolls •. 1,367 1,284 1, ~~~ l 1, ~M 1, m 1, m 1 :g: ~~ +~: ~ ------2;37i ------2;477 --+4~5 Stores operated ...•••••••••••number .. 121 122 1 Waldorf System (Inc.), sales .•..•••...•.••..•••••thous. of dolls .. 1,477 1,397 1, 44 '1, ::~ 1, ~:~ 1, ~~ :::1 _:: ~ ~:J ------~:~;; ------~:~~ +4. 4 Stores operated ...•••••.•••••number .• 9 143 143 14 142 142 138 136 0. 0 +4. 41------Installment sales in New England 3 dept. stores, ratio to total sales•..•• per cent •• 8.8 8. 5 5.4 16.2 ------10.4 10.2 ------·------Advertising

Magazine advertising ______thous. of Jines .• 3, 046 3, 074 2,882 1, 999 2,382 2,101 2 2, 459 +19.2 Magazine advertising, total cost .••...•.••••••••••••thous. of dolls •• 20,319 20,070 18,420 12,411 16,808 12,689 16,316 +35.4 ::: ~! -----~:~~ -----~:~~~~--~~:; Newspaper advertising •.••••••thous. of lines •• 118,616 112,958 100,202 88,873 97,162 2 89,698 -8.1 -8. 9, 186,860 170,575 -8.7 Radio broadcast: 81,7021 Cost of facilities .•••••...•. thous. of dolls•• 1, 948 1,908 1, 989 1,873 1, 258 1,372 -5.8 +36. 51 z, 63 3, 862 +46. s National advertising in newspapers:* 1, 9691' TotaJ ______thous. of lines •• 64,037 52,879 36,724 47,887 44,996 52,270 50,308 -10. 61 102, 578 92, 883 -9. 5 Passenger cars. ------thous. of lines •• 7.396 4,098 2,664 8,000 6,497 11,010 8,166 -18.8-6.01 -20.. 41 19,176 14,497 -:24.4 Tires, trucks, and accessories. ______thous. of lines .. 5, 719 5,996 4,279 3,349 3,983 3,927 3,842 +18.9 +3. 7, 7, 769 7, 332 -5.6 Financial_-----______thous. of lines .• 8, 812 6, 578 6,943 9,128 5,221 9,625 6,692 -42.8 -22. Oi 16,317 14,349\ -12.1 Building materials. ______.thous. of lines .• 769 338 109 129 182 246 330 -44. 576 311 -46. Electrical appliances, +41.11 8i o supplies. ___ ------thous. of lines •• 1, 354 1,062 935 664 615 470 850 -7.4 -27. 6i 1, ~~ 1, 279 -3.1 Foods and beverages •••••.. thous. of lines •• 7, 713 6,848 3,452 5,355 6, 766 3,955 5, 631 +20. 2 9, 5oo 12, 121 +26. 4 Heating and plumbing +26.31 equipment••.•..••••.•••• thous. of lines •. 817 513 344 395 275 402 495 -44. 41 897 670 -25. 3 Medical ••• ------thous. of Jines •• 5, 595 5,967 3,072 6, 456 6,206 8,117 6,841 -30.41-3.9 -9. 3 14, 958 12, 662 -15. 3 Radio •••• ------thous. of lines •• 7,109 5, 734 4,021 1,603 1, 7001 2,148 2,547 +6.1 -33.3 4, 695 3 3031 -29.6 Tobacco •• ------thons. of lines •• 4,617 4,112 1, 515 3,177 3,345, 2, 703 4,049 +5.3 -17.4 6, 752 6:522 -3.4 Toilet requisites ••••••.•••• thous. of Jines •• 3,807 2,267 1, 177 2,432 3, 163, 2, 742 3, 765 +30.1 -16. 0 6, 507 5, 5951 -14. 0 Transportation. ------thous. of lines •• 2,580 2, 747 2,461 1 2,802 2, 175i 2,324 2,010 -11.6·1 +8.2 4,334 4.636 +7.0 All other•.•.•••••••••.••••• thous. of lines •. 7,8001 6, 565 5,466 4, 738 4,8661 4,601 5,089 +2.7 -4. 4 9, 690 9, 604 -0. 9 Postal Business ,I Postal receipts: 50 selected cities. ______thous. of dolls .. I 35,743 32,723 40,7851 32, 1991 29, 457i 31,615 29,993 -8.5 -1.8 61,608 61,6561 +0.1 50 industrial cities .•••.••••thous. of dolls •• 3, 737 3,364 4,565 3, 561 3,473: 3,466 3, 326 -2.5 +4.4 6, 792 7,034. +3.6 Money orders: Domestic issued (50 citles)- I Quantity••••••••••••••• ___ thousands •• 3,843 3, 745 4,096 3,805 3, 597: 3,626 3,480 -5.5 +3.4 7,106 7,4021 +4.2 Value .••.••••••••••••••thous. of dolls •• 39,963 39,085 40,876 38,356 36,025 34,621 -7.11 +2.9 70,646 73,973 +4.7 Domestic paid (50 cities)- 35,6171 Quantity ------thousands•• 12,690 11.829 12,850 11,266 10, 165i 10,967 10,377 -9.81 -2.0 21, 344 21, 431 +0.4 Value ....••••••••••••••thous. of dolls •• 107,699 97,825 101,453 86,593 83,154 77,387 +0.9 160, 541 164, 659 +2.6 Air mail, weight dispatched ••.•••••••pounds •• 705,772 624,750 618,991 • 518,398 5~~:m: 488,709 433,941 +~:~1 +27.9 922,650 1, 073, 574 +16.4 BANKING AND FINANCE ! Check payments: I New York City ______mills. of dolls •• 63,825 li3,604 39,8501 34. 732 31,117! 54,719 46,289 -10.41 -32.8 101,008 65,849 -34.8 Outside of New York City .mills. of dolls •. 32,261 28,519 25,723 21, 534i 28,126 24,515 -16.3 -12.2 52, 641 47,257 -10.2 Canada •• ------mills. of dolls •• 2,461 2,260 26,9321 1,6741 1, 446i 1, 723 3,847 3,120 -18.9 2,1241 -13.61 -16.1 Federal reserve banks: 1,:::0 Bills discounted ..•••••••.•.mills. of dolls .. 991 912 407' 343' 821 952 -15.7 -64. 0 ------Notes in circulation ••••.••.mills. of dolls .. 1,880 1,930 1, 91 1, 7021 1,637[ 1, 645 1,6541 -3.8 Total investments ______mills. of dolls __ , 658 602 915, 747 796, 646 511 +6.6 +5~: ~ ::::::::::: ::::::::::: 1:::::: 2 Revised. • See table on p. 18 of the March, 1930, issue for earlier data. 45 TREND OF BUSINESS MOVEMENTS-Continued

Per ct. PER CENT IN· CUMULATIVE TOTAL in- . 1929 I 1930 1929 I' c REASE (+) OR FROM IAN. 1 THROUGH crease DECREASE(-) FEB. 28 (+) ______" ___ The cumulatives shown are through Feb- ---.-----11 g~:; ruary. Earlier data for items shown here may be found on pages 27 to 138 Feb., Feb., (-) of the February, 19110, "Survey" 1930, 1930, cumu­ October I Novem- Decem- January February January February from from lative her 1929 1930 ber Jan., Feb., 1930 I 1930 1929 from 1929 ------11----1·----11 -~- BANKING AND FINANCE-Continued 1- Federal reserve banks-Continued. Total reserve ______mills. of dolls •• 3,135 3,011 3,188 3,187 2,8851 2,844 0. 0 +12.1 ------­ Total deposits ______mills. of dolls •• 2,437 2,369 2, 408 2,437 2, 413 Reserve ratio ______per eent •• 2,696 2,414 +1. 6 -0.2 ------­ 69.4 71.8 69.6 78.3 78.8 69.4: 69.9 +0. 6 +12. 7 ------:Federal reserve member banks: Total loans and discounts •• mills. of dolls •• 18,9341""I 17,698 17,649 16,6761 16,428 16,1211 16,366 -1.5 +O. 4 ------­ Total investments..••••.••• mills. of dolls •• 5,4961 5,655 5,514 5,5291 5, 575 6,0531 5,972 +0.8 -6.6 ------Net demand deposits .•..•••mills. of dolls •• 15,1101 13,890 14, 118 12,9491 12,9441 13,3951 13,308 0.0 -2.7 ------Brokers' loans, end of month: 1 ToN. Y. Stock Ex. members- I TotaL______mills. of dolls .. · 4,017 3,990 3, 985 4,1681 6, 735 6,679 +4.6 -37. 61 ______------6,1091 Ratio to market value ______per cent •. 8. 51 6.32 6.16 5. 77 9.48 9.29 +2.1 -26.6 ------By New York F. R. member banks ______mills. of dolls .. 5,538 3,450 3,424 3,345 3,489"' 5, 559 5, 507 +4.3 -36. 6~------Deposits, New York State savings banks, end of month •.•.••... mills. of dolls .. 4,372 4, 333 4,392 • 4,416 4,436 4, 410 4,423 +0.5 +0. 3 ------­ Interest rates: Time loans, 90 days ______per cent .. 8.00 5.38 4.88 3.88 4. 75! 7. 75 7.63 +22.4 -37.7 ------Call loans, renewaJ. ______per cent .• 6.43 5. 44 4.83 4.64 4.321 7.05 7.06 -6.9 -38.8 ------Prime com. paper (4-6 mos.) ____ per cent.. 6.25 5. 75 5.00 4.88 4. 751 5.38 5. 50 -2.7 -13.6 ------1------Prime bankers' acceptances._ •.per cent .• 5.13 4.19 3. 88 3.94 3.811 4.88 5.13 -3.3 -25.7 ------~------N. Y. Fed. Res. Bank (redis.) .. per cent.. 5.00 4. 50 4.50 4.00 5.00 5.00 0.0 Federal land banks ______per cent .. -20. 0 ------5. 51 5. 79 5. 79 4.005. 72 I 5.05 5. 06 -1.2 +13.-1.7 0 ------______[ ______------_ Intermediate credit banks ...... per cent .. 5.68 5. 79170 5. 57 5. 34 5. 24 5.33 5.33 -1.9' Public Finance I ! -oovernment debt, gross, end of I i month ••• ------•••.mills. of dolls __ 16,698 16,692 16,301 16,423 16,460 I 17,379 17, 345[ +0.2 Customs receipts ______thous. of dolls __ 57,607 44,126 39, 298· 41,278 35,9351 45,549 48,651 -129 ·Total ordinary receipts .•.•.••• thous. of dolls .. 175,998 143,889 742,942 151, 195 138,540 163.889 -8.4 =lH- Jt~---;[~t :ifi Expenditures chargeable to 158,7941 ordinary receipts. ______thous. of dolls .• 364,678 218,407 443,191 347,351 236,742 371,595 185,494 -31.8 +_27. 61 557, 0891 584, 093 +4. 8 U.S. money in circulation: Daily average __ ·------mills of dolls .• 4,810 4,845 4, 943 4,652 4,556 4, 748 -2.1 4,6861 2. 8 ------·------· ·------Gold and Silver ·Gold: Domestic receipts at mint. ••. fine ounces •• 121, 193 113,723 82,970 75,955 12, oo9l 68,042 55,6511 -5.2 +29.4 I 123, 6931 147, 964 + 19. 6 Rand output. ______fine ounces .. 888,690 861,593 851, 134 882,801 818,000 876,452 815,284 -7.3 Monetary stock of U. S.- daily average ______mills. of dolls .. 4,381 4,374 4,324 4, 283 4,319 4,115 4,143 +0.8 Imports ______thous. of dolls .. 21,321 7,123 8,121 12,908 48,577 26,913 +366. 4 +123.:::: 7 --~~~::~~~~~--~~~~~:::75,490 73,106 --~~~:-3.2 Exports ______thous. of dolls._ 60, 1981 3,805 30,289 72,547 8, 948 207 1,378 1, 425 - -85.5 2, 8031 9, 155 +226. 6 .Silver: I Production- I United States.•...... thous. of fine oz .. 5,130 5, 795 4,592 '4, 753 4, 7131 5,023 4, 776 -0.8 -1.3 9, 799, 9, 466 -3.4 Canada______thous. of fine oz .. 2,605 1,833 1, 761 '1, 716 1,225' 1, 747 -28.6 Stocks, end of month- I 1, 1241 United States.•...... thous. of fine oz .. 1,322 • 535 595 642 +82.6 +24 1, 4511 529 9771 +~::~I------~--~~:~·------~~:: Canada______thous. of fine oz .. 489 598 827 1, 244 1,144 344 684 -8.0 +67. 3 ------Imports ______thous. of dolls •. 5,403 5,144 4,479 4, 756 3, 9231 8,260 4,458 -17.5 -12. 0 12, 7181 8, 679 -31. 8 Exports ______thous. of dolls .. 7,314 8,678 6,369 • 5,891 5,331' 8, 264 6, 595 -9.5 -19.2 14,859, 11,223 -24.5

Price at New York ••••. .dolls. per fine oz •• .496 0 485 .450 0 570 -4.0 .4991 .432,i 0 5621 -23.1 ------.. --

Business Failures 1: I Liahilities (United States): Total commerciaL ...... thous. of dolls .. 31,314 52,046 67,465 61,185 51,3261 53,877 34,036 -16.1 +50.8 87,913 112,511 +28.0 Manufacturers...... thous. of dolls .. 12,071 14,180 33,266 19,500 ~·M 16,690 11,891 +6.3 +74.3 28,581 40,224 +40.7 Trade establishments.. thous. of dolls __ 14,464 16,122 28,550 29,814 20,909 32,024 17,891 -29.9 +16.9 49,915 50,723 +1.6 Agents and brokers .•••thous. of dolls .. 4, 778 21,744 5,649 l1,871 9, 693 5,164 4,255 -18.3 +127.8 9,419 21,564 +128. 9 Liabilities (Canada) ______thous. of dolls __ 2,577 3, 302 3, 754 6,174 7, 539 2, 533 +22.1 +208. 7 4, 975 13,713 +175.6 Firms (United States): '2,4421 Total commerciaL ______number.• 1,822 I, 796 2,037 2, 759 2, 262. 2, 535 -18.0 +15.11 4,500 5,021 +11.6 Manufacturers...... number.. 483 481 559 680 526 614 1,~~1 -22.6 +10.0, 1,092 1,206 +10.4 Trade establishments•..•.••• number.. 1, 211 1, 166 1,344 1, 913 1,605 1, 769 1,3781 -16.1 +16.51 3,147 3, 518 +11.8 Agents and brokers ...... number .. 128 149 134 166 131 152 109 -21.1 +20.2• 261 297 +13.8 .Firms (Canada). ------number __ 184 259 265 209 214 -21.1 +17.41 392 474 +20.9 13y groups: 1781 1781 Manufacturers- Metals ______number•• 411 50 32 30 40 +12.5 -10.0 7) 68 -2.9 Textiles ______------__ .•number __ ~I 70, 69 106 361 75 54 -45.3 +7.4 164 +27.1 Lumber.Chemicals ------number ______number.• 94· 82i 112 105 ~ 92 88 -10.5 +6.8 180 199 +10.6 3 10: 11 14 11 11 6 -21.4 17 25 +47.1 Printing and engraving ______number .• 10 13!1 11 13 17 25 15 +30.8 +13.3 4 30 -25.0 Foodstuffs •.• ______._. ____ number __ 36 37 28 60 38 47 39 -36.7 4$>1-2.6 86 98 +14.0 Leather, etc ______numher•• 17 6 18 18 13 24 10 -27.8 +30.0 34 31 -8.8 Liquors and tobacco ..•.••..• number.• 4 7 6 3 4 9 +33.3 -42.9 16 7 -56.2 Stone, clay, and glass ______number.. 71 '1 8 12 8 10 3 15 1 -70.0 -25.0 19 13 -31.6 All other. ______number __ 210 203 246 319 252 286 211 -21.0 +17.2 501 571 +14.0 ·Traders- General stores ______number .. 67 102 136 94 116 1111 -30.9 -15.3 227 230 +!.3 Foods and tobacco ______number .. 408781 374 386 453 376 499 424, -17.0 -11.3 923 829 -10.2 Clothing ______----______.. number __ 191 244 437 366 351 2461 -16.2 +48.8 597 803 +34.5 • Household furniture ..•. _____ number.. mr 209 380 286 374 -24.7 +7.5 6401 666 +4.1 Chemicals and paints••••.•.. number.• 167186 90 97 88 66 2~1 -9.3 +72.5 185 +58.1 Books and paper. ______number•• 1171 10 6~1 6 11 10 17 131 -9.1 -23.11 30. 21 -30.0 All other. ______number __ 271 276. 3071 399 3851 346 267 -3.5 +44.2 6131 784 +27.9 'Revised. 46 TREND OF BUSINESS MOVEMENTS-Continued

------·-=cc=c:=c:c=====-======c===c.==-.c-==c-=====-c.c=cc.--==cc=c=-=c======;:==-=====;;=---======~=

I 'I Per ct. PER CENT IN· CUMULATIVE TOTAl. in- 1929 19:30 1929 CREASE (+)OR FROIK JAN. 1 THROUGH crease DECREASE(-) I'EB. 28 j (+) The cumulatives shown are through Feb- I----- ____ i ----,---- I or de- ruary. Earlier data for items shown ' 1 I1 crease here may be found on pages 27 to 138 I I I ! Feb., Feb., (-) of the February, 1930, "Survey" N D 1 I I 1930, 1930, Icurnu October I ~~m- 'f,~~m- January February January February from from 1929 1930 Iativ~ .1 Jan., Feb., 1930 I I 1930 1929 from I, ,' ----1 11929 BANKING AND FINANCE-Continued ---~------~---

Life Insurance

(Association of Life Insurance Presidents) 1 il li I 1 !I I I Policies and certificates, new (44 companies): I [ II , I Ordinary ______number of policies.. 289,0551 281,360 311, 303 254,432 267, 344; 220,823 238 6841 +5. 11 + 12. 0 459, 507 521, 776: +13. 6 IndustriaL ...... number of policies.. 879,4831 941,358 868, 763 802, 585 783, 23.51 1, 051,983 891, 644 -2. 4, -12. 2 1, 943, 627 1, 585, 820' -18.4 Group ...... number of certificates.. 49,062 39,571 '120, 316 43,081 34, 732i 57,921 26,859 -!g. 41' +29. 3 84,780 77,813 -8.2 Total policies and certificates ....number.. 1, 217, 6001' 1, 262, 2891' 1, 300,382 1, 100,098 1, 085, 311 1,330, 727 1, 157, 187 -1. 3 -6. 21 2, 487, 914 2, 185,409, -12.2 Amount of new insurance (44 compauies): I 111 j 1 I Ordiuary __ .. ___ . _...... thous. of dolls.. 707,478 704,316 841, 215 712,855 730, 735'l 659,843 683, 542 1 +2. 5 +6. 9 1, 343, 385 1, ¥3,r 590 I +7. 5 IndustriaL._.-... _-.- ..... thous. of dolls.. 240,489 249, 246 234, 0461 218, 027j 212,813 265, 998 230, 779 =2.. 4 1, -7. 8 496, 777 43U, 840i -13.3 Group ______---.. -.....thous. of dolls.. 105, 393 86, 165 160, 5141 64, 313 59,930 98, 637 58, 607 6 8 +2. 3 157, 244 124, 243l -21. o 1 Total insurance...... ____ .. thous. of dolls.. 1, 053,360 1, 039, 7271. 1, 235, 775 99.5, 19511,003,478 ,: 1, 024, 478 972,928 +O. 81 +3. 1 1, 997,406 1, 998, 673 +O. 1 Premium collections ( 44 companies): I 1 [ Ordiuary .. ------...... thous. of dolls.. 169, 724 156, 4651 190, 8441 164, 9201 162,944 160,867 160, 630 -I. 31 + 1. 4, 321,497 327,864 +2. 0 IndustriaL ...... thous. of dolls.. 51,705 57,973 97,6191 58,711, 55,6591 53,806 51,956 -5.2 +7.11 105,762 114,370 +8.1 Grouj)-:------thous.ofdolls.. 8,497 10,0311 10,560: 9,669/ 8,09~; 8,938 17,660 -16.2 -54.1< 26,598 17,7681 -33.2 *~ra!:~~~s::~~::::::::::::::~£~~~: ~~ ~~ll~::l---229;925 "'224;5i9'"'29ii;c23 1 Ji: mil 23~: ;~~ '"223;iiii "'23o;24ii -_!~: ~ ---+ii~s:ll----453;857 4~~: ~~~~--+5~4 Admitted lile insurance assets (40 .companies): .I Grand totaL ...... m1lls. of dolls.. 13,906 14,015 14, 13o1 14, 238' 14, 329,, 12, 982 13, 071 +O 6 +9 6 Mortgage loans- ' 'I +o.· + ._ \j·_·_-_-_-_-_-_-_-_-_-_ _--__--_-_-_-_-_-_- __- ,_--_-__-_-_--_ TotaL ______...... mills. of dolls .. [ 5, 972 6, 002 6, 0481 6, 082 1 6, too; , 619 5, 642 3 8 1 1 Farm ______miJls.ofdolls.. 1,599 1,5981 1,5911 1,590! 1,588 ,604 1,601 -0.1 -O.Sjl !

Bonds a~~ ~i~c~s-(book-value):mills. of dolls.. 4, 373 4, 404 4, 457! 4, 492 ' 4, 512ii , 0151 4, 041 ++OO .. 4 ++1 1.. 711 :_:_:_:_:_:_:_:_:_:_:_ ,:_:_:_:_:_:_:_:_:_:_:_::.-_-:_:___ -: __ --=_ TotaL ...... mills. of dolls.. 5, 234 5, 2371 5. 2641 5, 310 5, 344.1 4, 912 4, 951 7 9 1 1 Government ______mills. of dolls.. 1, 063 1, 040! 1. 053: 1, G58 1 I, 062 979 986 ++Oo .. 4 ++7._ 711------_-_-_-_-_-_ i-__--_- __--_- __-_-_-_-.1.',,.·.·_-_-_-- __--_-_ Railroad ______mills.ofdolls.. 2,534 2,540 2,539i 2,549: 2,554' 2,4:i2 2,462l' 261 3 7 Public utility ______._ ...... mills. of dolls.. 1, 295 I, 3111 1, 319!j 1, 34SII 1, 367 :, I, 219 1, 231 +I 4 + ll 01 ' Poli~~\~;~~rand ______mills. of dolls.. 342 346 35311 35.51 361'I 262 272 +I: 71 +32: 7r::::::::: ::::::::::::::::::: 1 premmm notes.... ______... mJlls. of dolls.. 1, 738 1, 8071 1, 842i 1, 874,. 1, 897: , 554 1, 569 : +1. 2 +20. 9il!------,--1 ------~~~~,: ------(Life Insurance Sales Research Bureau) I il il 1 Sales of ordinary life insurance: I I I ir 1, 11 United States totaL...... tho us. of dolls.. 787,133 782,497 915, 394;i 755,8211 798, 709 719, 491 744, 513 +5. 7 +7. 3 1 1, 464, 004 1, 554, 530: +6. 2 Eastern manuf. dis ....thous. of dolls.. 309,637 320,:14.41 350, 504! 325, 6951 345, 320' 311, 189 321,051 +6. 0 +7. 6,1 632, 240 671, 0151 +6. 1 Western manu!. dis.... tho us. of dolls.. 184, 974 181, 245 211, ~651 169, 27gi 177, 421 16!1, 287 174, 225 +4. 811 + 1. 8 340, 513 346, 700!' + 1. 8 Western agric. district.thous. of dolls .. 121,985 115, 19.1 143, 354 105, .570! 107, 335 100,841 100, 163 + 1. 7 +7. 21 201, 004 212, 908 +5. 9 1 Southern district ...... thous. of dolls.. 89, 697 88,0321 110,9941 8-l, 22~1 86, b36. 73,292 80, 015 +4. 31 +8. 51 153,308 170, 0641 + 10. 9 Far western district. .. thous. of dolls.. 80,840 77, 781 99, 7771 72, 046: 81, 7971 67,882 69,057 +13. 5 + 18.41 135, 939 153, S4~'il + 12.3 Canada total, 15companies.thous. of dolls.. 52,985 56,673 55,350 1 46, 788,' 45,499• 51,097 47,443 -2.8 -4. \ 1 98,540 92, 28'!!. -6.3 1 1 1 Dividend and Interest Payments 11 11 I I' ' 1 1 1 1 GrandtotaL. ______thous.ofdolls __ 737,-l;)l) 514,4ii0 1 690,947~-~~1,120,014 . 517,0ii4 925,07.5 '439,700' -53.8 +17.611,364,775 1,637,0681[ +20.0 Interest payments .... _____ ....thous. of dolls.. 424, 650 253, 550'1 412, 447! 557,014 224, l&l, 516, 375 199, 000 j -59. 8 + 12. 61 715,375 781, 168l +9. 2 Dividend paymems: TotaL ______thous.ofdolls .. 312,800 250,800-~ 278,5001 563,000 292,906 408,700 '240,700j -48.0 +21.7 849,400 855,9001 +31.8 Industrial and mise ____ .... thous. of dolls.. 241, 500 186, 100 215, 500'1 419,000,1 220, 000.1 289, 800 ' 179, WO, -47. 5 +22. 6 469, 300 639, 0001 +36. 2 Steam railroads ______thous. of dolls.. 43,900 40.000 38, 500j 54,5001 45,200 I 43, ooo '40, 100 l -17.1 +12. 71 83,100 99, 700j +20. 0 Street railways __ ... _...... thous. of dolls.. lb, 900 12, 200[ 14, f.OOi 1 17, 500 1 9, 700 16, 000 9, 100 ; -44. 6 +6. 6 25, 100 27, 2001 +8. 4

New Secm·ity Issues 11 I 1',I i

Foreign loans in the u. s ...... thous. of dolls.. 40,917 35,5231 58, 701'11 75, oool 89,000 32,482 52,107: +18. 7 +70. sl 84,589 164, ooo,l +93. 9 Foreigngovernments ...... thous.ofdolls .. 3,, 5oo ...... •. . . _1 4•• ooo1 40,,,ooo,.1 15,750 10,000 +300.01 25,750 44,ooo: +70.9 Total corporation ... ______... thous. of doll•.. 757 254 202 13 11 344 946 702 179 490 20" 970, 874 '97.5, 578 -29. 3 -49. II 1, 946,4521 1, 198, 388l,l1 -38. 4 Purpose of issue-- j I New capitaL __ .. __ ._ .. thous. of dolls .. 724, 166 186, 793 261, 891,1 629, 083 468, 574 828, 327 ' 853, 184 -25. 5 -45. 1 1, 681, 5ll 1, 097, 6571 ~-34. 7 Refnnding ______thous. of dolls.. 33,088 15,338 83,0.151 73,096 27,635 142,547 122,394 -62.2 -77.4 264,941 1 100,7311 -62.0 1 1 Type of security- 1 11 I j Stocks ...... -----.. thous. of dolls.. 471, 166 126, 733 203, 594 1 126,813 156, 143i 6:l3, 336 ' 673,023 +23. 1 -76. 8 1, 306, 359 282,9561 -78. 3 Bondsandnotes ______thous.ofdolls .. 286,088 75,398 141,3521 575,366 340,0661 337,538 302,555 -40.9 +12.4 640,093 915,4321 +43.0 Class of industry- 1 Railroads ...... ______. thous. of dol13. _ 57, 220 65, 784 133, 183 60, 483 1!8, 22511 61, 613 11, 695 +95. 5 ------' 73, 308! 178, 708; + 143. 8 Public utilities_._ ... __ thous. of dolls.. 102, 356 26, 509 1 150, 779 I 492,000 172, 4451 175, o8~ 1 '253, 001 -65. 0 -31.8 428, os 5 664, 445: +55. 2 1 Iudustrials...... _.thous. of dolls.. 98, 202 51, 400 20,8971 34, 595 141, ~9511 234, 40 v '165, 897 +308. 7 -14.8 400 302 175,990 -56. 0 OiL ...... thous.ofdolls .. 109,680 5,287 4,900 2,275 6,o001 1 24,070 '6,597 +185.7 -1.5 30,667 8,775i -71.4 Land and buildings ____ thous. of dolls.. 23,723 19, 259 12, f>83 28, 193 1 17, 725[1 69,009 118,249 -37. I -8.5. 0 187,258 45,918 -75. 5 Shipping and misc..... thous. of dolls.. 306,075 33,893 22, 50411 84,634 39, ll9 1 405,693 '394, 300 -53.8 -90. 1 799,993 123, 753; -M. 5 States and municipalities: 1 1 I Permanent loans .... ____ .. thous. of dolls.. 122, 846 65,974 287, 517j ' 103, 851 74, 270 73, 3~! 88, 753 -28. 5 : ~6_. 3 _, 162, 104 178, 1211 +9. 9 Temporaryloans ______thous.ofdolls.. 99,5GJ 74,187 50,624 '96,779 22,15711 ll4,6.o 71,749 -77.1 6 9 1, 186,424 118,936! -36.2 Agricultural Finances 1111 1 1 Loans outstanding, end mo.: li 11 I ~ Federal farm loan banks... thous. of dolls.. 1, 200,932 1,199,17411,197, 282.· 1, 195,787 1,195, 735 1,195. 089 1,199, 766 0 0 -0 3' I ~~g!;~\o~~~~~~:r!'~redi{hous. of dolls.. 590,507 587, 7~3 584,82411 5S2, 052 550,148 604,375 603,827 +-Oo.: 3 =30:. 91=_=_=_-_- __-=_=_=_=_=_=_ =_=_=__ =-_·=_=_=_=_=_=.~, ------hanks ...... thous. of dolls.. 75,373 7C,780 76,091 1 77,129 77,802 79,462 78,532 9 91 Bond sales (Canada): I i I Govt. and provinciaL __ ... thous. of dolls.. 2, 000 14,9951 33, 500jj1 3, 358 8, 500 6, 417 ------+ 153. 1 ------6, 417 11, 858! +84. 8 MunicipaL ______thous. of dolls.. I, %0 18,7661 28,139, 7, 773 12,521 7, 022 7, 037 +61 I +77. 9 24,059 20,2941 -15. 6 Corporation ______thous.ofdolls.. 23,7'i.5 3,944 31,83011 15,0001 35,~90 3,205 28,725 +135.3 +22.9 41,930 50,290 +19.9 Tax-exempt securities out•tand- 1 1 I ing, en a of month ...... mills. of dolls.. 18, 409 18,452 19, 040t· ' 19,061 1 19, 162 7,116 • 17, 156 +O. 5 + 11. 71 ------...... • Revised. 47 TREND OF BUSINESS MOVEMENTs-Continued

PER CENT IN· I CUMULATIVE TOTAL ~ p~~-Ct. 19'29 1930 1929 CREASE (+)OR FROM JA!'.. 1 THROUGH crease DECREASE(-) FEB. 28 I (+) The cumulatives shown are through Feb- 1---~.------,----1 ----,------,----11-----,-----11------c----: correasd6• ruary. Earlier data for items shown 6 here may be found on pages 27 to 138 Feb., Feb., (-) of the February, 1930, "Survey" October Nb~~m- D'l;:rm-~1 January February I January February };g~ };g~ 1929 1930 )~~ Jan., Feb., 1930 1 . 1 1930 1929 rf w 1 9 BANKING AND FINANCE-Continued ---~-r--; -~--~~~~ Stocks and Bonds 1 Stock prices, average daily closing: 25 industrials, average .... dolls. per share .. 395.95 25 railroads, average ...... dolls. per share .. 142. 30 Southern cotton mills..... dolls. per share .. 88.61 l! !llE : J:=::: 1==:: 1 103 stocks, average ...... dolls. per share .. 69. \ll r~62.40 ~ ~!~62.48 ~~ 65.46 lit~ 66.56 87.48 ~~~i85.73 , ~HI+I. 7 =1i~~~-22. 4~------!------~'------Stock prices, average weekly closing: Industrials, rails, and utilities, (404) ...... rel. to 1926-. 201.7 151.1 153.8 156.3 165.5 185.2 186. 5j +5. 9 -11. 31 ______1______------All industrials (337) ...... rei. to 1926 .. 194.4 All railroads (33) ...... rel. to 1926 .. 157.0 All utilities (34) ...... rel. to 19~6 .. 276.6 Automobiles and trucks (13) .. rei. to 19~6 .. 195.6 m· ~ ~~H ~~u mJ !iH ~i~: ~ 1 +}U ;iH: :~~~~~==~=t~~~~~~~j~~~~~~ Automobile tires and rubber 1 goods (7) ...... rel. to 1926 .. 147.4 103.0 99.6 95.9 103.71 195.4 188.91 +8.1 -45.1 ______!______! .. Airplane (lO) ...... rel. to 1926 .. 693.9 382.2 Agricultural implements (4) ••• rel. to 1926 .. 373. 2 270.1 Chain stores (17) ..... ______rel. to 1926 .. 138.7 ~~HI ~gH ~~~:! ~~J ~iHI +Jtr =:i!:~!::::::::::=~::::::::::: Copper and brass (9J...... rel. to 1926 .. 258.7 204.0104.31 Food, other than meat (20) .... rel. to 1926 .. 176.2 141.4 Machinery and machine equip- m:~i m:~l ~~g:~ i~5:g i~ui +n =~UI :::::::::::\::::::::::: ment (10) ...... rel. to 1926 .. 172.3 135.31 1 Oil producing and refining (16).rel. to 1926 .. 161.4 130. 6i 1 Railroad equipment (9) ...... rei. to 1926 .. 143.6 119. 5i HU[ m.JI m:i m:i m:il ~l~l -~!:~l.::::::::::r::::::::: Rayon (5) ...... rel. to 1926 .. 111.0 102. 01' Steel and iron (lO) ______rel. to 1926 .. 217.1 169. 1 Textiles (30) ...... rel. to 1926 .. 103.1 77.8 1n: ¥ Theaters, 1notion pictures, and 1~!: i ~~ 1~!: g m: m: ~~ t8: ~ =~l gi::::::::::::l::::::::::: amusements (7) ______rel. to 1926 .. 131.5 96.51 88.6 96.0j 121.2 150.6 149.3] +26.3 -18.811''''"'''" ------'l'obacco and tobacco products (10) ...... rel. to 1926 .. 146.4 128.4: Traction, motOr transport::ttion, etc. (9) ...... rel. to 1926 .. 80.4 72.81 1::J 1::: :! 1:::: :[ ::: ::::::::::: Stock yields: ~:::: ~:~: : _~:. ~:c:::::::: Total common (90) ...... per cent.. 3. 33 4. 54 Industrials (50) ...... per cent.. 3. 61 4. 891 Public utilities (20) ...... per cent .. 2. 05 3.16! 1 Hailroac!s (20) ...... per cent .. 4. 26 4. 951 Prcferre

Perct. PER CENT IN· I CUMULATIVE TOTAl in· I 1929 1930 1929 CREASE (+)OR FROM 1AN. 1 THROUGH,! crease I DECREASE(-) FEB. 28 I (+) The cumulatives shown are through Feb------~--- 1------11 or de- 1 ruary. Earlier data for items shown 1 I I crease here may be found on pages 27 to 138 I Feb., Feb., (-) of the February, 1930, "Surve11" I Novem- Decem- 1930, 1930, Icumu- October ber ber January February January February from j from 1929 1930 Jative Jan., Feb., I 1930 9 ___u___ s ___ F_O_B_E_I_G_N_T_B_A_D_E ___ ------~---~------I ___II,--- ~~~-:~rl I ff~:

Imports 368, 8971' : Grand total._ ..•.•.•••••••.••• thous. of dolls.. 391,063 338,472 309,809 I 310,968 281, 790' 369,442 -9. 4'i -23. 7 I• 738, 339. 592,759I -19.7 .By grand divisions: I Europe- 1 1 1 1 Total.. .•.•••.••••••••.thous. of dolls.. 138,934 106, 816i 86, 562[ 88,783 -········· 107,106: 104,350 . ------1------1------.•.••••••••••.•••• France_ ..•.•.•..•••••. thous. of dolls.. 20, 128 13, 524, 11,081 10,831 ..••••••.• 13, 6911' 13,799 Germany •...... •.• thous.ofdolls •• 26,232 19,917, 15,164 17,667...... 19,374 21,473 ...•.••.....•••...••....•...•.•.••.•••-·-·····j········j·······---- ...... Italy ..•...•.•.•••..... thous.ofdolls.. 13,733 12,135i 9,030 7,770~------··· 9,0221 8,272 .•••.•. ., ...••••••••••...•••••.•••••••• 1 1 united Kingdom •••... tho us. of dolls.. 35, 050 24, 0811 18, 131!' 18, 163 .••..•••.. 27, 5271 25, 501 .•.•.••. •••• ····1···· •••••.. ---••.• ----1 North America- 1 1 Soug~i~:i~~~~::::::::J~~~~: ~~ ~~ll~== :~: ~~ ~~: ~~~ ~U~~~~ ~~: ~tj======:~:~I ~~: ~~~~ ======r======~======I TotaL •••.•.•••.•••.••• thous. of dolls.. 56, 186 46,432: 49,099 44, 0351-········- 57, 889i 60,171 •••••••• ...... Argentina .•..•.••..•.• thous. of dolls.. 11,617 11, 236 9, 507l 6, 572 -·-······· 9, 422 • 10, 601, ••••.•••.•..••••.•••••••..••••••••••.•.•.••••1 Asia and Oceania- 1 1 Total.. .•••••...•••.•.. thous. of dolls.. 109,074 102, 846i 101,296 97,712 .•.•.••.•• 113, 330! 115, 30S .•••••...•..•..•••.••..•••• -·········· Japan ..•..•••••••••••. thous. of dolls.. 43, 375 39,240, 39,413 31, 106 .•.•••...• 38,424\ 32, ISS •••••••••••••••••••••••••••••••••••••• By ~~£~~~~!t¥s~~~~~~~~~~~:::::: :: :::::~~ 12:: ::: 12:: ::~~· 11::::: 1~: :~: ----~~~~ 14~ ::II 13~: ~:~ ---~~~~ --~~~~ ~----~~~~; ..•• ~~;~I -~~~~; Foodstuffs, crude, and I I food animals ..•...... ••••thous. of dolls.. 47,210 40, 590 41,249 39, 375 39, 394 47,681 50, 1841 0. 01 -21. 5, 97,865 78, 769· -19. 5 Manufactured foodstuffs •. thous. of dolls.. 35,085 28,669:1 24,389 23,933 20,415 28,7731 36,763 -14. 71 -44. 5 I 65,536 44,348 1 -32. 3 Semimanufactures •••.....• thous. of dolls.. 82,259 66, 150~ 57,826 67,971 59, 053 70,981 69,480 -13. 11 -15. 0 I 140,461 127, 025i -9.6 Finished manufactures ••.•thous. of dolls.. 99,976 81, 615i 70,713 70,613 64,284 79,2111 75,222 -9. O.l -14.5 i, 154,433 134,897' -12.7 1 1 ~~ 1 I I Grand total, including j 'I I I i 1 reexports .•.•.•••.••••.••.•.•thons. of dolls.. 411,314 351, 000 488,023 441,751 -14. 7' -20. 5 1 929,774 762,314 -18. 0 By grand division: I II Eur~~;;i •..•••••.••..•.•••thous.ofdolls.. 207,209 .•.•.•..•. 1 235,732 200,0431 •••..••.•.••.•.. 1.••.•••.•••.•.•.••...... France ....••.•••••••••thous.ofdolls.. 25,216 .••••••••• 1 26,268 24,408 ..•.• J~~;;;~::::::: ~ =: n: lli(:::::::l ~ !1l ~ m:::~::~~ ~:~:~~~: ::::::::::: ::~::~::: {::~:1

Southl;~;~da~======~~~~~: America- ~~ ~~ll~==l ~; ml======i'l' 1?5gl;,991~469 1~~; ~~~II======!======II======1 Total.. ..••••.••..•••••thous. of dolls .. 1 37 481 II 53 075 Asmz~~;~-~~~~~~;;;;;;;;;;;;; ;~ ;;;;;;;~ ~~ ;~(~~~~j· ;; ;~ i~~ ;~ [~~~~~ ~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~(~~~~~ By :C~!~%fg~~~sres:········---thous. of dolls.. 10,, 3571... •. .•. . . . : 9, 792 11, 015[------~------11-----.• Totaldomesticexportsonly.thous.ofdolls.. 404 869 343 0711 480 384 434 529 -15 3 -21 0 914 913 747 940 -18 3 Crude materials •.•..•.....thous. of dolls.. 104,094 67, 886i 120; 619 92,323 -34:8 -26: sil 212; 942 m; 979! -19:2 Foodstuffs, crude and I I food animals ...... thous. of dolls.. 17,7111 13, 253• 29,666 24,082 -25.2 -45. 0 53,748 30,9641 -42.4 Manufactured foodstuffs_. thous. of dolls.. 39,842 33, 553i 47,536 39, 628 -15. 8 -15. 3 87, 164 73, 395 -15. 8 Semlmanufactures ....•••.• thous. of dolls.. 50,795 45, 306! 67,704 60,9611 -10.8 -25. 7l 128,665 96, 100~-25. 3

Agr~w~~l~!i~ !~<~~-~~~if!~~}:;::~:~~:~::~~ 192, ~~: 183, o~:: 214,::: 217, ::~ . -~::: =~::: ----~~~·-~~t--~~~~~~: -=::~~ All commodities1 except i1 ! I 1 1 ;:::~~-~;-~~~~-::·;::~914.. 1231 1051 155 1341 -14.6 -21.6 --·-·······:1····------11' ______

Total trade: i i I I Imports ..•....•....•••.•..thous. of dolls.. 84, 910: 80, 922 96, 9591 97, 042!1 -4. 7 -16. 6 194,001 165,8321 -14. 5 Exports ..•....•••..•.•.•.. thous.ofdolls.. 75,369! 68,150, 97,2961 83,812 -9.6 -18.7 181,108 143,519 -20.8 1

0