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Survey of Current Business September 1921

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Survey of Current Business September 1921 MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS AS OF SEPTEMBER 1, 1921 No. 2 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS Subscription price of the SURVEY OF CURRENT BUSINESS is $1 a year; single copies, 10 cents. Foreign subscriptions, $1.50; single copies, including postage, 20 cents. Subscription price of COMMERCE REPORTS is $3 a year; with the Sur- vey, $4 a year. Remittances should be made only to the Superintendent of Documents, Washington, D. C, by postal money order, express order, or New York draft. Currency may be sent at sender's risk. Postage stamps or foreign money will not be accepted. WASHINGTON : G CONTENTS. Page. rage. Summary 4 Foreign trade of the United States—Imports 54 Price comparison 8 Foreign trade of the Uni ted Kingdom 56 Textiles 10 Foreign trade of France 58 Paper and rubber 16 Foreign trade of Italy 60 Automobile tires and accessories 18 Foreign trade of The Americas 62 Hides and leather products 20 Foreign trade of South Africa 64 Building statistics 26 Foreign exchange 66 Construction material 30 Transportation 68 Metals and metal products 32 Railway revenues and expenses 70 Fuel and power 36 Railway car production and repairs 72 Crop production 38 Department store trade 74 Movement of farm products 40 Retail movement 76 Live-stock movement 44 Banking and finance 78 Foodstuff movement 46 Interest rates and security prices 82 Sugar and dairy products 48 Price index numbers 84 Tobacco 50 Earnings and employment 86 Foreign trade of the United States—Exports 52 Cost of living 88 INTRODUCTION. Two changes in form are made in this issue of the Monthly Survey to further simplify its use: First, instead of grouping all tables of index numbers together and all tables of numerical totals, each table of index numbers is grouped with the table of numerical totals corresponding; second, a simplified summary of index numbers rearranged slightly for the sake of clearness. The form of the summary table has been changed so as to give the per cent increase or decrease for each movement for each of the last three months compared with the month preceding. Also there is given the percentage comparison of this year with a year ago and a comparison with the base year. It is hoped that this summary will assist in giving a general picture of industrial activity. Many helpful criticisms and suggestions in regard to the " Survey " have been received. Up to the present it has been impossible to take advantage of all these, but some will be utilized in later editions. New tables, giving more details on the foreign trade of the United States and certain foreign countries, have been added. Further tables of this nature will be included in the later numbers. Price data on certain definite commodities have been added to some of the tables, and this feature will also be extended in later issues. A diagram com- paring the mill, or producers', price of certain commodities at present with the peak attained during the war will be found on page 8. Also, tables showing the changes in department store trade by Federal Reserve districts are included in this issue (pages 74 and 75). Certain tables contained in the former issue have been omitted. Some of these, such as those dealing with the fats and oils, will be used again when the next quarterly figures are available. The information in certain other tables, omitted this time, will be included later. These changes and additions in form and character are in no small measure due to the constructive criti- cisms which have been received. In acknowledging these suggestions, the Department of Commerce wishes to state that the publication is still in the formative state, and further suggestions will be welcome. (2) SUMMARY. The following summary is designed to show the trend in important industrial and commercial movements. In the first three col- umns there is given the per cent increase or decrease for each of the last three months. The fourth column gives the per cent change compared with a year ago, while the last column gives a percentage comparison with the base year used in computing the index numbers. The column headings refer to the last three months for which, in the majority of items, data is available. However, in cases where move- ments are reported only quarterly, the first three columns compare the last three quarters. Where data are credited to September, 1921, as in the case of "farm crop prices" (p. 84), this figure is shown in the August column. Where the August or July figure is not available, these columns are left blank, and the yearly comparison is for the latest figure compared to the same month a year ago. The details for each item can be ascertained by reference to the proper table in the body of the bulletin. A few items in which the movement is shown in terms of percentage (not index numbers), such as active wool machinery, underwear production, etc., are not included in this summary. June, July, Aug., Aug., June, July, Aug., Aug., 1921, 1921, 1921, 1921, Per 1921, 1921, 1921, 1921, Per cent per cemt per cent pjerceni t percent cent per cemt tpe eir cent per cent per cen change change change change Base change 1 chang< change change change Base change from from from from year. from j from from from from year. from May, June, July, Aug., May, June, July, Aug., base 1921. 1921. 1921. 1920. year. 1921. 1921. 1921. 1920. year. TEXTILES. METALS AND METAL PRODUCTS Con (Pages 10 to 15; IS, 38, and 40.) I Wool. Wholesale Prices. | Pig iron: I Consumption +2.8 -9.0 +43.5 1913 +32.0 • Foundry, No. 2, northern j —5. 7 -7.4 -0.7 -56.1 1913 +37.0 Quarterly stocks: Bessemer j —5.9 -7.6 -3.8 -55.4 1913 +28. 0 Commercial +10.4 -6.6 +15.1 1919 —1.0 + 15.7 Steel billets, Bessemer | 0.0 -13.2 -8.0 -51.5 191% + 15.0 Governmental "j —10.5 0.0 -20.6 -32.5 1919 -73.0 Copper ingots, electrolytic j 0.0 -2.4 -6.3 -38.0 1913 -25.0 Imports, unmanufactured —59.8 +57.4 +68.9 +9.6 1913 +25.0 Lead, pig, desilverized —8.8 -2.9 0.0 -51.0 1913 0.0 Cotton. Tin, pig I -9.7 -4.6 -4.8 -43.8 1913 -41.0 1909 Zinc, spelter, western — 7.6 -3.5 -2.4 -43.7 1913 -20.0 Production (crop estimated) -3.1 -14.3 -44.9 J-46.0 1913 Consumption +5.5 -11.5 +14.1 -3.0 1913 -3.0 : FUEL AND POWER. Stocks, mills -5.3 -7.8 -9.6 -10.7 1913 -25.0 | (Pages 36 and 37.) Stocks, warehouse -8.9 -13.5 -6.6 +76.8 1913 +98.0 ! Coal and coke production. Imports, unmanufactured -7.7 -64.6 +64.7 -75.4 1913 -72.0 Exports, unmanufactured +3.0 + 7.4 -6.8 +240.0 1913 -32.0 Bituminous coal I +2. 4 -10.6 +14.5 -28.1 1913 -13.0 Visible supply -1.4 -7.6 -9.7 +39.1 1913 +21.0 Anthracite coal ' +6. 9 -14.8 +2.2 -10.5 1913 -6.0 Spindles, active cotton 0.0 -0.9 + 1.9 -4.4 1913 +9.0 Beehive coke ! -20.0 -25.0 +50.0 -85.7 1913 -91.0 Cotton cloth exports +22.4 +2.3 + 13.4 + 19.7 1913 + 52.0 ! By-product coke j -9 0 +9.1 1913 +32.0 Fabric consumption by tire Public utility electric power | —1.0 + 1.0 -9.8 1919 + 1.0 manufacturers +2.3 +19.1 a 1920 +431.0 Petroleum and gasoline. Silk. Crude petroleum: Production Imports, raw -12.8 +25.7 +4.7 +90.4 1913 +79.0 -3.9 0.0 +1.5 +4.8 1913 +98.0 Stocks Consumption, raw.. +25.6 -5.3 + 1.9 +91.2 b 1920 +9.0 +4.1 +3.9 +0.6 +45.5 1913 +60.0 Consumption Stocks, raw -25.0 +16.7 +3.6 -63.3 &1920 -71.0 +3.7 -3.6 +3.2 -12.1 1913 +96.0 Imports + 11.7 -21.2 -59.2 -70.2 1913 +121.0 METALS AND METAL Gasoline: PRODUCTS. Production -4.4 -2.3 -0.8 1913 +27.0 (Pages 32 to 35.) Exports -4.6 -28.2 -25.8 -65.3 1919 Iron and steel. Domestic consumption +25. 0 +3.2 +5.3 1919 +^60.0 Stocks at end of the month.. -5.9 - +66.7 1919 + 45.0 Iron ore movement +143.1 -33.1 -1.2 -50.3 1913 -18.0 Production: PAPER. Pig iron i —12.5 -19.0 +8.8 -69.9 1913 -63.0 (Pages 16 and 17.) Steel ingots I —21. 7 -19.1 +42.1 -61.7 1913 -46.0 Production: Exports ! —24.2 -19.1 -13.2 -82.5 1913 -67.0 Newsprint +10.1 j +7.9 +8.5 -20.5 1919 -11.0 Imports I —27. 7 + 17.6 -7.5 -83.2 1913 -63.0 All other +3.9 —12. 7 +23. 2 -35.1 1919 Unfilled orders -6.1 -57.9 1913 -15.0 -6.5 —5. 7 -23.0 Shipments: Sales of fabricated struct 1 ral Newsprint +11.1 I +3.8 +6.0 -20.0 1919 -12.0 steel.
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