SURVEY OF CURRENT BUSINESS PUBLISHED BY UNITED STATES DEPARTMENT OF COMMERCE

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No. 114 WASHINGTON February, 1931

CONTENTS Text Table SUMMARIES Page INDEX BY SUBJECTS page page Preliminary summary for January ______1 Textiles ______------______10 23-24 Monthly business indicators: Metals and metal products______10 25-28 Ratio charts, yearly averages, 1923-1929; monthly Fuels ______------_ 11 28-29 averages, 1929-30 (table) ______2 Automobiles and rubber______11 28,30 General review of the year 1930 ______4 Hides and leather______11 30-31 Business conditions in December ______9 Paper and printing______11 31-32 Indexes of business ______15 Building construction and housing______12 32-33 Luinber------~------12 33-34 DETAILED TABLES Stone, clay, and glass products______12 34-35 Sales of the Great Atlantic & Pacific Tea Co ______18 Chemicals and oils------­ 36-37 Indexes of employment and pay rolls, mining, quarry- Foodstuffs and tobacco______12 ing, etc ______37-40 18 Transportation and public utilities______13 40-42 Livestock receipts at public stockyards, 1930 ______19 Einployinent and wages------­ 42,43 Range boilers, production, new orders, etc., monthly, Distribution Inoveinent (trade, etc.)------­ 43-44 1930------19 Banking, finance, and insurance______14 44-48 Bank debits at clearing-house centers: Foreign exchange and trade______14 47-48 By Federal reserve districts ______20 District totals-seasonal variations eliminated ____ _ 22

PRELIMINARY SUMMARY FOR JANUARY

Reports on general business and industrial conditions iron and steel remained on the same level as at the for the first three weeks of January show, in the main, close of the year. little change from the month previous, when allowance Loans and discounts of Federal reserve member is made for the greater number of working days in the banks showed a falling off during the first three weeks month. Distribution of goods through primary chan­ of the month and were less than those of a year ago. nels was running about the same as at the close of 1930, The Federal reserve ratio was higher than at the close as indicated by the returns on car loadings. The of December, 1930, and above January a year ago. value of new building contracts awarded was of about Bank debits outside New York for the early weeks of the same volume as during December, but was ma­ January were on an average above those of December, but were materially under January, 1930. Prices of terially under January a year ago. The production stocks listed on the New York Stock Exchange averaged of bituminous coal increased during the first of the month slightly higher than during the closing weeks of as compared with December, but was still on a plane December, but were materially under the corresponding materially under January, 1930. period last year. Bond prices, on the other hand, aver­ Wholesale prices in general decreased during the aged higher than both previous periods. Loans to bro­ first three weeks of January, and in the large majority kers and dealers secured by stocks and bonds continued of cases were under those of a year ago. Prices for to decline during the early weeks of the month. 36854--31 (1) 2 MONTHLY BUSINESS lNDICATORS, 1923-1930 [Ratio charts-see explanations on inside front cover. The curves on check payments, wholesale trade, 10-cent chains, and department stores have been adjusted for normal seasonal variations, and manufacturing production for the varymg number of working days in the month as well. 1923-1925 monthly average= 100]

a: "'w Ill ::;: ::;) z X f---:i-?..../..,.,F---+--+---+--+---f---1100 "'o ~===~~~~~==~=~::=:':~~~~~·Jso !:

"' I .. I • il 'I [II [li'"•toi' II I' '.l'"' I 60 I RAILROAD STOCKS ~19ElF25 00 J...- T -"' ~~40 I ~~ .~ i .I 00 ,, ,/ .1. I I, ,I, I "' '!'!'\":'!, .I .. ·. il I ~oL.I. 'dB0 1 ;3 so PAIGE OF 25 INDUSTRIAL STOCKS ~ 300 _/'J ~· I I \ 200 I i-· ~I ' I 40 ../jV' I Jl 00 ,~,,,!, d .. t,r ,I - ..r1';';i, ,,.,~,l,r .. r,r .. l .. r ,, ,~, ''"' "' 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 indi­ cators 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.

------~------·,----M-O_N_T_H_L_Y_A_V_E_R_A_G_E_____ I __ ~-;··--- II 1929 1930

ITEM 1924 -~19251192611927 119281192911930 I SeptJ ~tJ~~~J~~~.-- ~e~i~~J Nov., ~ec.

1923-1925 monthly average=100

I!l:~~f~~fJ~~~~i~~~:------= -=-0-105. J~=~~ -=~=~-~~:.~i--96~0 115. o._ ::,~-U2.0------~114.0 122.0 117.0 105.0I 96. 0~-: ol 91. ol 86. o 83. o 80.0 112.0 118.-0 118.0 110.0 1 ·~ri~~o~i~~~~~~~~======~~: ~ 1~~: gf ~gg: Zl m: g ~~: g m: gr ~?: g iZ~: g: m: g m: g 112.8 117.1 120.1 106.5 ~~: &r :: gi ~g ~J ~~: g ~J Steel ingots.------·-·--- 88.7 106.4 113.1, 104.6 120.2 130. 9! 95.6 120. O! 134.5 123.4 116.2 131.0 131.2 101.9 84. o1 89. 5' 83.0 78.7 64.7 58.1 Automobiles·----·-·-·-·-·-···-···- 90.8 107.51 108.41 85.7 109.9 135.1 1 84.6 125.61 120.2 77.8 70.8 125.8 114.9 65.8 36.31 67.91 66.7 46.7 41.1 47.1 Cement .. ______...... -...... 99.8 108.1 110. o, 115.3 118.0 114.1 107.9 143. 9; 141.1 121.2 98.1 138.6 134.6 113.1 90.2: 143. 4, 129. 7 115.9 89.3 68.2 Cotton (consumption) .. -...... 89.7 104.4 108.51 120.2 106.7 114 5:1 87.4 95 9• 1201 1191 103.9 106.4 124.7 105.4 88.21 68.7[ 76.8 86.6 80.8 79.2 Wool(consumption) .... ------· 94.6 92.6 89.7 97.0 94.7 103.11 75.6 91:81108:6 105:7 96.8 105.0 125.3 98. 5 79.8, 71.3! 80.4 86.5 65.9 63.3 1 1 1 1 Raw material output: i : i I Animal products------·-·-1 103. 8 96. 31 96. 0: 97. 4 99. 2 99. zi 98. 4 91. 61 101. 61 92. 6 92.2 98. 7 102. 6 95. 2 93. 0. 91.41 91. 2' 96. 7 88.5 92. 7 Crops.------·------1 104.2 104. o1 109.01113.3 117.0 113. 6[ 95.3 178. 3[ 252.1 179. 7 152.3 177.1 246.3 154.6 127.9 115.3 165.6 197.9 138.6 98.7 Forest products.______97.0 104. Oi 97.6 92.6 87.9 85.41 63.2 76.8: 87. 111 83.6 95.9 80.3 89.2 81.4 69.611 66. 0, 61.2 68.3 65.8 58.6 Crude petroleum ... ·---·------96.9 103.71104.6 122.3 122.4 136.51 121.5 124.61129.8 123.8 129.5 142.5 144.0 128.3 131. 8; 121.9: 115.6 118.4 111.0 109.1 Bituminous coaL______92.5 99.5 109.7 99.0 95.8 102.3 88.3 96.3 117.5 107.5 101.2 104. 1 119.8 106.8 108.0 81. 9; 88.7 101. a 87.5 91.2 Copper.----·---·-·------·- 100 2 106 4 110 21104 9 114 9 127 11 87 2 118 8 131 1 129 6 129 8 120 4 125 2 115 1 113.41 85 1 85 8 84 81 80 6 73 6

11 Power and construction: I' 1 1 Electric power------·-·--- 98.1 109.5 122.6 133.3 146. 0 161.8 158.9 145.1 1 158.0 154.61157.81160. 8· 173. 7 164.3 169. 7[ 157.11154.8 163.0 153.0 160.9 Building contracts (37 States)------1 92. 7 117.6 111. Oi 106.8 121. 4 99. 6j 64.1 114. 2!129. 1 111. 1 98.2 90.2 98.9 76.9 66.31 60.2 62.1 59. 5i 49. 9 43.8 1 1 1 1 ug:;ta1°i~~~:_:______..... [ 87.0 91.3 84.61 74. o 76.1 80.9 73.5 74.6 71.7 74.11 11. o 76. 9! 77.0 74.o 78. o 69.61 67.4 63.71 63.9 66.9 U.S.SteeiCorporation ... -... ----- 83.6 90.6 82.1 71.1 80.7 87.1 83.7 77.4 78.6 76.9j83.3 81.7185.6 86.4:92.51 75.0 71.7 72.9 76.21 82.6 1 Stocks: 1 I ! 1 I General index ...... ______102.2 103.4 115. ol 121.4 123.2 136.9 142.9 116.3 133.3 137.5 141.7 139.4 155.1 156.51158.0 132.2 147.8 157.21161.8 163.1 Manfd. commodities (28)______103.3 103.0 107.3 113. 7 117.8 120.4 122.7 112. 1 111. 5 114.7 121.5 114.2. 114.4 116. 2. 119. 2 120.5 117.7 119.0 119.2 121.4 Cotton ...... ______91.4 106.2 145.5 153.1 123.6 126.5 173.2 89.3 155.0 180.6 185.4 106.4 176.9 198.6j205.8 119.1 165.3 236.6 265.0 267.0 Copper(refined) ...... -...... 113.9 73.1 64.8 85.4 58.4 78.4 276.2 45.8 40.3 46.1 57.8 83.7 78.1 112.1 ,151.3 307.11318.6 322.4,326.71 324.4 Employment: 11 Factories.------·--- 96.2 99.7 101.4 98.8 97.2 100.4 87. 8l 100.3 100.2 98.8 98.1 105. 4!103.1 3 98.9 95.2 85.1! 86.4 84.31 81.0 78.8

~c;::s~ products, to producers .. _____ , 97.1 106.5 98.6 94.9 100.7 100.0 84.81102.2 99.31 97.1 97.1 102.2 101.4 98. 6·1 97.8 78.31 80.4 76.81 74.6 70.3 ife~~:rr~~~-~~~-~~~~~~~~i~~~======~u ~g;: g 1~: ~ 1~: ~ 1~f:& 1~U ~~J 1~U 1~U 1~UJ1gu 1~U 1~~: ~ 1l:U/1~~: ~ :: ~~ ~u ~:~I ~u ~g Costoflivmg (mcludmgfood) ... -.. : 99.4 102.4 102.41100.0 98.7' 98.4 93.8 99.3 99.3! 99.3 98.71 99.2 99.3! 99.3 98.7 92.6i 93.21 92.6 91.4 90.1

111 Distribution (values): 1 : I i II '1 *Bank debits, 141 cities..... -...... 96. 7 111.9 119.. 6 132.. 5 158.. 2i 184 _. 5 130.. 5: 156.9 161. oi 165.1 172. 3j192. 8 211. 1 189.9 139.8 117. 8!120. 8 120.3 97.6 109. o *Department stores, sales. ______99.0 103.0 106 0 107 0 108 0 111 0 102 0 112.0 108.0!108.01111.0,_ 114.0 112.0, 108.0 108.0 102.01 99.0 102.01 98.0 94.0 *Mail-order sales, 2 houses._-----·-- 97. 2 111.9 120. 6 126. 2 147. 7j188. 6 171. 5 170.8 156. 21 155. 6 167. 61 212. 1 194.71 186.0 199.9 193.2 167.1 167.8 145.4 167.8 *10-cent chains, sales ...... ____ 99.0 113.0 125.0 138.0 150.0 164.0 159.0 165.0 148. o: 151. o 164.0 168.0 159. o: 166.0 165.? 163.0 156.0 151.01158.31 153.2 Postal receipts.. ------98.5 107.9 114.5 117.3 117.71 121.1 114.9 109.3 127. 7j. 118.0 149.8 114.5 133. 5! 122. o 153.3 98.1 107.9 121.1 106.2 145.3 Imports... _.. ______93.1 109.0 114.3 108.0 105. 6i 113.5 79.0 98.9 110. o, 101.1 105.1 108.8 121.11104.8 95.9 67.6 70.1 76.61 63.1 64.7 1 1 Exports.------· 100.8 107.8 105.5 106.8 112.6 115.0 84. 3, 111.0 144. 9! 143.5 125.31 115. 1 139.2 116.5 1 112.3 78.4 82.2 86.1, 76.1 71.9 1 1 1 1 Transportation: I I I I I I I 1 1 i 1 Fl::::; net ton-miles._ .. ______95.9 101.9 109.11106.01106. 5i. 109.9 .... _. 117. 4 129. 3! 112. 5! 100.8: 118.5 128. 2j 103.81 96.6 100.3 97.1 105. 3i 86.5 ...... i 1 1 Member bank loans and discounts.. 98. 5 107.4 112.9 117. 3 127. 5' 135. 9 133. s: 127. 3 128. 3, 129. 81135 41 139. 1 151. 11141. 3 140.9 134. 3i 135.8 133. 8j 131.8 129.8 Interest rate (commercial paper)... 90.0 93. 5 100.9 95.4 112.8 135. 7 83. 3: 130. 6 127.61 124.8 124. 61 145. 0 145.0 133.4 116.0 69. 61 69.6 69.. 61 66.. 8 66.8 Federal reserve ratio._ ------·-·---1 104. 1 96.9 96. 0 99. 1 89. 1 93.4 104. 3j 86. 5 87. OJ 84. 5 80.2 94. 2 89.91 93. o 90.2 104.3 105. 7 106 71 103 4 95. 5 1 1 1 Price, corporation bonds ... "------~99. 9 103.6 108.0 112. 5 113.0 106.5 109.31 111.0 111.3 112.0 110.7 193.9 105.21 105. Ol' 107.1 111.5 113.3 110.91 109.1 106.2 Price, railroad stocks.... ______96.1,117. 9 133.. 4 162.. 7 174.. 5 194.. 3 162 .. 3 178.. 5 176.4 186.0 180.3 217.7 203. 5I' 176.2 181.4 157.8 157.5 139.11129.0 117.2 1 1 Price,industrialstocks.. ______91.9 122.0 132 4 171 4 214 8 292 6 228 21 226 9 234.5!252.6 229.0 1 358.5 316.3 219.4 229.3 225.9 226.0 191.1 181.8 169.6 Failures (liabilities).-...... ___ 106.8 87.2 80.4[102.21 96.2 95.0 131.3 89.1 82.51 95.8 96.2! 80.5 73.9!122.8 159.1 116.0 110.7 132.8!130.3 197.4 1 1 1 1 1 •Seasonal adjustments. 4 GENERAL REVIEW OF THE YEAR 1930 The year 1930 witnessed a continual month-by­ Because a number of automobile manufacturers month decline in general business and industrial activ­ brought out their new models in November instead of ity, with the exception of April. This decrease in January, as in former years, the December production operations was shared by practically all business and exceeded that of December, 1929. The iron and steel industrial groups. industry also witnessed a 1930 volume of operations Bank debits outside New York City totaled $277,- materially under that of 1929, steel-ingot production 577,000,000 for the year, a decrease of 17 per cent from for the year totaling 39,653,000 long tons, or 27 per the 1929 total and 9.3 per cent under 1928. January cent below the 1929 production and 20.4 per cent witnessed the largest volume of bank debits and under 1928. The peak of operations was witnessed in November the smallest volume. The average monthly March, and the year's low point was recorded in volume was $23,131,000,000, against $27,684,000,000 December, after a continuous decline following the in 1929 and $25,516,000,000 in 1928. The number of March peak, with the exception of August. MANUFACTURING PRODUCTION BY MAJOR GROUPS [Relative numbers, monthly average 1923-1925, taken as 100, adjusted for seasonal variations]

business failures during the year totaled 26,355, Distribution as pictured by freight-car loadings against 22,909 in 1929 and 23,842 in 1928. The num­ declined materially during 1930 as compared with ber of failures during each month in 1930 was without previous years. Car loadings for the year totaled exception greater than for the corresponding month in 45,887,413, as against 52,827,925 in 1929 and 51,589,- 1929 or 1928. 887 in 1928. Movements of merchandise, as indicated The rate of manufacturing operations as indicated by by lot car loadings during 1930 were 7.6 per cent under the consumption of electrical energy for power pur­ 1929 and 7.3 per cent under 1928. poses increased during January and February, declined Reflecting the decreased demand for fuel by manu­ steadily until August, when an upward turn was facturing plants, the production of coal during 1930 reported which lasted through September. The year was materially under that of 1929. Bituminous coal closed with the rate of general manufacturing 14.9 per mined during 1930 totaled 461,630,000 short tons, a cent under that reported at the close of 1929 and 22.2 decrease of 65,153,000 tons from the 1929 production per cent under December, 1928. Automobile produc­ and 39,115,000 tons under 1928. tion for the year totaled 3,354,870 cars of all types, The year as a whole witnessed an almost continual against 5,358,420 in 1929 and 4,358,759 in 1928. decline in employment and volume of pay rolls. The 5 cost of living declined throughout the year, excepting The closing week of 1930 found the average price of September. The cost of fuel and lighting, while fol­ representative stocks some 28.4 per cent under the lowing the general downward trend during the first half corresponding week in 1929. Bond prices, on the of the year, witnessed a continued increase during the other hand, in general rose during the year, closing last half. The cost of clothing and food had the great­ the year on a slightly higher level than at the close of est drops during the year. 1929 and about on a level with the close of 1928. The values of both exports and imports of commodi­ With the exception of public works, the square ties showed substantial declines during 1930 as com­ footage and valuation of the various groups of con­ pared with 1929. Although the reduction in value of tracts awarded were less for the year than in 1929 or exports was due in part to smaller foreign sales, it the immediately preceding years. The efforts made FACTORY EMPLOYMENT, BY GROUPS [1926 monthly average= 100. December, 1930, is latest month plotted]

0 ·~I13 0 TEXTILES

0~~ .. 1-. I.... 10 v'V v 'V v "V' 0 t\ ... 13 0 IRON AND STEEL

1\ -. _j 10 01~ V' ....,.,..,. v """"" ~ 0 I ' ~ 12 0 LUMBER 100 - "" - ~ - ~ h 0 ~ 12 0 LEATHER 1.... 10 0~ \ v V"rv V\~ N\ 0 '· ~. 120 PAPER AND ·PRINTING - 10 0 - - -- 0 I 1923 1924 1925 1926 1927 1928 1929 1930 reflected also the marked falling off in general com­ during the year to encourage public construction as modity prices. a means of partially relieving unemployment resulted Extremely marked recessions in the prices of crude in a considerable increase in the valuation of public materials and food stuffs, which constitute the major works and public utility contracts awarded during part of our foreign purchases, account for a consider­ 1930, as compared with 1929. Residential building able part of the decline in the value of imports during contracts awarded, which account for about one-half the year. the square footage and 40 to 45 per cent of the total Prices· of representative stocks on the New York valuation of all types of contracts awarded, were less Exchange rose slowly during the first four months of for the year than in 1929 or other recent years. The the year, but, starting at the opening of May, a down­ volume of industrial buildings showed a decided ward trend developed which continued, with but falling off from 1929, in which year there was unusual few exceptions, during the remainder of the year. activity in this type of construction. 6 WHOLESALE PRICES FOR SPECIFIED COMMODITIES [Relative numbers, 1926 monthly average taken as 100. December, 1930, is latest month plotted. Data from which these charts are drawn are given on the opposite page]

WHEAT, MO. 2, HARD, WINTER FLOUR, WINTER STRAIGHTS CORN, NO. 3, "YELLOW OATS NO 3, WHITE ! 1401---.f.-1-....J-+..,...J-1--i--+-..Ji--+-1 I j ..· ··~··/:,.. ... 120 --'-1-1--t--!-+-:- c-- 1--1-- --~ I ... ······ --t--I . I '( " ...... ·······..... ···· ...... I OOIH-1--1-+---1-+-++-1-+-i I 1\. ... I .... I soro- . •••••••• L r- ~ ....-..- e--:.-•.J::b ~·~ fll' ~~··· """' • I I 60-w-v -_ I ~ CATTLE S_;:T~EE~R~s--- - HOGS, .HEAVY HAMS SMOKED lBO j I 160 ...... ·· . 140 ·;:~-...... ·· ... 1- J ... I 120 ,_ 1-- J ' ...... 1-- I 1.- ! i I I I -lTI"' 1\. ~ J ! I I I 100 !""" - .1 ...1. ~- I .,.; ! I .....l ···L···~ .; ...... BO !"oo...... ··~' . I I I"' .. INv I l t..;; 60t±±Ji ··u SUGAR, GRANULATED COTTONSEED OIL ' I 120mSU:_(; A~~RAW I ! ! I OO•H! -1--1-+---1-+-++-1-+- I ! I I I I I l I i I ! ... I 1 ••• • ! •••••••••••••••• 1 ·····i1 ···T····· I ;.: 1- L~-~· .... -'-'4 ..... J~- ~ I ~12 .... ~ :: _j:r·L·: --- I f I I I I 1 ' ! ~1 ! ~K!Ttnll.\J...J COTTON RAW COTTON YARN COTTON PRINT CLOTH WOOL, !4 BLOOD COMBING 140 IT~ . I I I 1-- i I I i 12 o •••••;;r~lJ •• •• I I L\1 ·-,· r- ... 'l"•l... i .. .f...... !...] I I I ! J I i ... 100 I ..... T .... · .... l' ...... ' ·'!' .. "''"!'" ...... 80 N--j..oot-N..... v-..-.... v-- t""'. !_L!_~ """ ...... WORSTE~IS SILK, RAW ~-JAP"'' .,_,v HIDES,P~~ - ~ 19 - I I J 16:r- I I ! I I I 1 •••1 ••• I I 13 or- I ·. J ... , I I ;;;: .. ... •• ...... ''•1 100 ...... l I Nr...... ~ 7 0 ,,J.... , .:.:··::1·· ... u .. ·····+·· ...... I r.... ~---'--'--'-1 _L~ .... rr PE ...... ~ BITUMINOUSCOAL COKE I I T . ! I I ! ! I I i ...... __ ... [tlftlUffi lUlll±lliH f-+---'-+~~-INt-+--+-+~l:u¥8~:r-:lfH ...••.. • .illiii •• :..; •• ;;;:.t_,··_···.L··_,_· ._ •. L_ ••_L. ·_··,=· ...... 60~ j :±td ...... BRICK, COMMON

!--+-+--+-+--+-+ J ...... ~ '" ,. ,. .... :i" ai ci. .J ci li: ,_ > 0 g; "'z ::J 0 0 ~ ..."' ::;"' ::;"' ;;; ;;; Ill 0 z "' 1930 "' "' " 7 WHOLESALE PRICES FOR SPECIFIED COMMODITIES

Non.-Prices to producer on farm products and market price of wool and grain prices are from U. S. Departmtnt of Aurllltdture, Bur""' of A,r!culture Eeonemlu, nonferrous metals from the Engineering and Mi•!nu Jou.rnal·Preu, except tin, which is from the American Metal Marlttt. All other prices are from U. S. Department •I Labor, Bureau of Labor StaUatiCJ. So far as possible all quotations represent prices to producer or at mill.

B.ELATIVB PB.ICB ACTUAL PRICE (dollars) 1926 average-100 COIIIKODITIES Unit

Novem-1 Decem- Decem-! October, Novem-j Decem- Novem-1 Decem- ber, 1930 her, 1930 I - ~------~---11----! . I'ABM PBODUCT8-AVEBAGE PRICE TO PBODUCD I ~·~M ,~ w.;(';~,~M··:; Wheat•••••• ______--.-.--____ ------___ ------._._------•••• --•• _ Bushel. •••• _ 0.600 0. 613 Corn •• ---_. ______------._-----__ ---. __ ------. __ ------._._ Bushel..---- . 663 .649 Potatoes.------BusheL ••••• .950 .898 Cotton_ ----____ -----__ ------_____ ----_----- __ ---__ •• ____ ------__ _ Pound._ ••• -~ .096 .087 . 160 61 64 58 107 106 Cottonseed------Ton•.••••••• 21.26 21.28 30. 31 76 78 78 113 111 Cattle, beeL------Pound •••••• .0641 . 0637 . 0848 101 99 99 134 131 Hogs. _____ •• ______----.----______------__ ------Pound.----• .0820 .0744 . 0853 74 70 1 63 72 72 Lambs •• __ ------.------•• ------·----. _____ •• -----___ Pound •• ---- . 0621 .0618 . 1076 53 54 53 93 93 1 FABM PBODUCT8-MABKET PBICE

Wheat, No. 1, northern spring (Minneapolis) ______BusheL ••••• . 75 . 77 1. 31 52 47 49 81 83 Wheat, No.2, red, winter (St. Louisl------­ BusheL •••• .83 . 83 1. 35 56 54 54 83 87 Wheat, No.2, hard, winter (Kansas City)------­ BusheL••••• .69 .71 1. 21 50 46 48 80 81 Com, No.3, yellow (Chicago>------·--­ BusheL •••. .71 .69 .88 109 95 92 117 117 Barley,Oats, No.3, No.2 white (Minneapolis) (Chicago>------______BusheL ••••• . 33 . 34 .45 88 80 83 110 110 BusheL •••• .48 .47 .59 81 75 73 94 92 Rye, No.2 (Minneapolisl------BusheL •••• .43 . 44 .98 53 47 48 103 107 Cotton1 ,middling upland (New York) ______·------Pound •••••• .110 .101 .191 61 63 57 100 109 Wool, n blood combing, Ohio and Pennsylvania fleeces (Boston) •••• Pound •••••• .29 . 27 . 41 65 63 59 93 89 Cattle, steers, good to choice, corn fed (Chicago>------Cwt••••••••• 10.313 10.575 12.125 105 108 111 133 127 Cwt •••••••• 8. 863 7. 935 9.465 80 72 64 75 77 ~b:;'p,h:!!; (~~~~of:::::::::::::::::::::::::::::::::::::::::::::: Cwt •••••••• 3. 375 2.925 4. 935 43 51 44 76 75 Sheep, lambs (Chicago)------Cwt •••••••• 7.125 7.400 12.000 51 52 54 87 88 FOOD Flour, standard patents (Minneapolis).------­ BarreL ••••• 4.094 4. 885 6. 669 59 56 58 79 77 Flour, winter straights (Kansas City)------­ Barrel.•••••• 4.140 4.031 5. 950 58 57 56 82 82 Sugar, oo• centrifugal (New York>------­ Pound.----­ .034 .033 .038 76 79 76 87 87 Sugar, granulated, in barrels (New York>------­ Pound •••••• .047 .046 . 050 81 85 83 92 91 Cottonseed oil, prinie yellow (New York>------­ Pound •••••• .076 .072 .087 64 64 61 76 74 Beef, fresh, carcass, good native steers (Chicagol------­ Pound •••••• .195 .195 .240 119 119 119 146 146 Beef, fresh, carcass, steers (New York>------­ Pound •••••• .205 .205 . 235 120 120 120 138 138 Pork, smoked hams (Chicago)------·------­ Pound •••••• .222 .213 . 215 72 72 69 71 70 Butter, creamery, 92 score (New Yorkl------­ Pound •••••• .36 . 32 .41 89 80 71 96 91 Oleomargarine, standard, uncolored (Chicago>------Pound •••••• . 205 .190 . 235 90 90 83 103 103 TEXTILES

Cotton Yft!"nS, carded, white, n~~thern, mule spun, 22-1-cones (Boston). Pound •••••• . 254 . 247 .340 66 71 69 96 95 Cotton-print cloth 64 x60-38~ -5.35-yards to pound ••••••••••••••• Yard•••••••• .057 . 053 .069 73 76 70 100 92 Cotton sheeting, brown 4/4 Trion (New Yorkl------­ yard------­ . 066 .065 .084 71 71 70 94 91 Worsted yams, 2/32's cross-bred stock, white, in skein (Boston) •••••• Pound •••••• 1.200 1.117 1.400 84 84 82 99 98 Women's dress goods, French, 39 inches, at m!lls, serge ______Yard. ______.900 .900 . 975 87 87 87 94 94 Suitings, unfinished worsted-13-ounce, mlli------­ Yard •••••••• 1. 601 1. 601 I. 901 80 80 80 95 95 Suitings, eerge, 11-ounce, 56-58 inch·------Yard.••••••• 1. 746 1. 746 1. 959 81 81 81 90 90 Silk, Japan, 13-15 ..• ------Pound •••••• 2.463 2. 709 4.580 41 40 44 76 74 Hosiery, women's pure silk, m!IL------Dozen pair __ 6. 750 6. 750 9.000 61 58 58 78 78 LEATHEB Hides, green salted, packers' heavy native steers (Chicago) ______Pound •••••. . 118 .107 .160 95 84 76 117 114 Hides, calfskins, No.1, country, 8 to 15 pounds (Chicago) ______Pound •••••• .156 .144 .174 99 90 83 103 101 Leather, sole, oak, scoured backs, heavy (Boston>------Pound ______.410 . 350 . 520 94 94 99 124 119 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______4.850 4. 715 4.850 100 100 88 100 100 FUEL Coal, bituminous, mine-run (composite price)------­ Net ton ••••• 3.900 3.898 3.980 90 90 90 92 92 Coal, bituminous, prepared sizes (composite price>------Net ton ••••• 4. 336 4.317 4.520 91 91 90 94 94 Coal, anthracite, chestnut (composite price) ______Long ton•••• 12. 751 12.751 12.999 93 93 93 94 94 Coke, Connellsville (range of prompt and future), furnace-at ovens. Short ton .•• 2.575 2.550 2. 640 63 63 62 65 64 Petroleum, crude, Kansas-Oklahoma-at welJa.. ______BarreL ••••• .850 .850 1.300 58 45 45 69 69 METALS I Pig Iron, foundry No.2, northern (Pittsburgh)------· Long ton•••• 18.760 18.760 20.260 92 91 91 98 98 Pig iron, basic, valley fumace·------­ Long ton •••• 17.000 17.000 18.500 92 92 92 100 100 Steel billets, Bessemer (Pittsburgh) __ ------­ Long ton•••• 31.000 30.600 34.600 89 89 87 100 99 Copper Ingots, electrolytic, early delivery (New York>------Pound •••••• .1011 .1030 .1778 70 73 75 129 129 Brass, sheets, milL------Pound •••••• .176 .178 .233 89 93 94 122 122 Lead, pig, desilver!zed, for early dellvery (New Yorkl------­ Pound •••••• . 0510 . 0510 . 062.5 61 61 61 75 74 Tin, straits (New York>------· Pound •••••• .2589 . 2527 .3979 41 40 39 62 61 Zinc, slab, western (St. Louisl------Pound •••••• .0427 .0410 .0567 55 58 56 85 77 BUILDING MATDIA.L AND MISCELLANEOU$ Lumber, pine, southern, yellow flooring, milL------­ M feet. ••••• 33.440 32.510 38.000 75 74 72 84 84 Brick, common red, domestic building (New York>------­ Thousand••• 10.000 9.50 10.000 58 58 58 61 61 Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district) ••• ______.---_____ •• ------__ ------•• ------____ _ BarreL••••• 1. 588 1. 555 92 91 91 87 89 Steel beams, mlll (Pittsburghl------­ Cwt------1. 600 I t~o& 1.900 82 82 82 97 97 Rubber, smoked sheets (New York>------­ Pound •••••• .091 .160 17 19 34 33 Ton ______~--i5~5oo __ _ BulphuricNewsprint, acid, rolls, 66° contract, (New York>------mill ______15.500 15.500 107 107 107 107 107 3.250 I 3.250 I 3. 250 94 94 94 94 94 Cwt. --·--·- I i ~-·~--~~------~--~~------·----~------·--·--~---·----~----'------'------'------'------· 8 MEASURES OF INDUSTRIAL AND COMMERCIAL ACTIVITY [Relative numbers, monthly average 1923-1925, taken as 100]

~TOTAL AUTOMOBILE'"""'" "'1"' PRODUCTION

BA1K DEBITS <141 CENTERS! 9 BUSINESS CONDITIONS IN DECEMBER The volume of general business operations in the were below December, 1929. Interest rates on time country as a whole during December was the smallest money rose during the month, while rates on call so far in the present recession. Bank debits outside money, with the exception of one week, remained on of New York City were greater than November, a the same level as during November. Both rates, normal trend during the holiday month, but were however, were materially lower than during the same under the corresponding month in 1929. The value period in 1929 and 1928. Bond prices during De­ of new building contracts decreased from the previous cember continued to decline from those of November, period and was materially under that of the year pre­ and were about on the same level as during the same vious. The activity of steel plants declined from period in 1929, but were lower than 1928. Stock November, steel ingots production being 10.1 per cent prices also continued to decline during December, under November and 30.8 per cent under December, reaching the low point of the year during the final 1929. Wholesale prices of commodities, as measured week of the month. Brokers' loans declined steadily THE TEXTILE INDUSTRIES [Relative numbers, monthly average 1923-1925, taken as 100. December, 1930, is latest month plotted. Curves rovering imports of wools and exports of cotton are plotted from 12 months' moving monthly average plotted on the end month]

180 180

140f---l---t---+---+---+----+----i 140~-~---+---+---+---+----+-~

l CONSUMPTION ~

100~ /Vi\ .. ~.. _.-··· ... A /( A 1\,~1'\ fll

...... --..~ ...... ··"}''•• ········--······· ...... , :\-- - ~- PRICES ...... ~'- \j' \ ~ 7 ··7J.~W /'·.~...... · rsr"'J .. .: ··· ... IMPORTS 80 v. / y ~\.... ······ ...... , ...... ·· GENERAl WOOL \! . 60~~~~·~II~·~'~·uui~.~~~~·I~~~~~Uli·l~.~~~w 60 ,I , I ,I , I .I ,I .I .I .I .I .I .I .I .I ,I "'" 1924 1925 1926 1927 1928 1929 1930 1924 1925 1926 1927 1928 1929 1930'\~il.: 180 EXPORTS ./"""'·,·t, 140 f---l---t---l-:'------+1----+----+-~ .J~-;~\ irtA 1001\ l r\ !I\.. · I ONSUMtONK;\"·:'i ' .. '·~·;:.. ~r v V' IV' / \~ v \A so. v 'V COTTON RAW SILK 60~~"~~.. 1~·~1,1~~·1.1~,~~~-~~~-~lw.l~·~l,l~wl~.l~·lilll~.lw.~l.l~. 60 .I .I .I .1 .I .I .I ,I .1 ,1 .1 .1 .I ,I .I .1 .1 ~fs~~~-~~,1 1924 1925 1926 1927 1928 1929 1930 1924 1925 1926 1927 1928 1929 1930

by Fisher's index, continued to decline during Decem­ during December and were materially under 1929. ber and were considerably under the corresponding The Federal reserve ratio continued to decline through­ month of the year previous. Prices of farm products out the month, but was considerably higher than receded to the lowest quotation of the year. Prices of during December, 1929. The number of commercial all commodities, except farm and food products, drop­ failures remained on a comparatively high level both pedonlyslightlyincomparison with November, but were in respect to November and December, 1929. considerably under the 1929 quotation. Iron and steel Total freight-car loadings during December were th~ prices remained fractionally on the same level as during lowest of the year and were materially under Decem­ November, but were considerably under 1929 prices. ber of the year previous. Bituminous coal produc­ Loans and discounts of Federal reserve member tion also declined during December and was also banks declined slightly from the November level, and under the 1929 production. 36854-31-2 10 REVIEW OF PRINCIPAL BRANCHES OF COMMERCE AND INDUSTRY TEXTILES METALS The receipts of wool at Boston in December Shipments of iron ore from mines were considerably amounted to 11,574,000 pounds, as compared with less than during the previous month. The consump- 15,272,000 pounds in December, 1929. Exports of tion of iron ore and the production of pig iron also de­ raw cotton in December registered a loss from the ex- creased from both prior periods, and the number of ports of November and were less than in December, furnaces in blast decreased proportionately. 1929 and 1928. Consumption of cotton by textile The December output of steel ingots was less than mills showed a decrease from the preceding month, and i for either the previous month or the corresponding was less than December, 1929. Stocks of this com- ' month of 1929. Total production and new orders of modity were higher than both comparative periods. steel and malleable castings increased in the month Deliveries of silk to mills were lower in December previous, but were under December, 1929. than in the previous month, but materially exceeded , Unfilled orders of the United States Steel Corpora­ the corresponding period of 1929. Stocks of silk at · tion were greater than for the previous month, but warehouses at the end of December, although greater were under the corresponding month of 1929. Pro- THE METAL INDUSTRIES [Relative numbers, monthly average 1923-1925, taken as 100. December, 1930, is latest month plotted]

180 180

~XPORJ.REFIN£b ;;..h 140 1\ 140 I,A I•• I "! NON·FERRO~/ON I I '1 ~\~~ -!"'.\ ~""' ,, I I I' \ I ' ' I \ \ I \ ltl,, r , \ :c I ' ...., ... ..," .., -Jr ~,: n ~i (1 P\ .f I I I 'f\· I I ": . 100 In ~ ~ f00 ~ ~ .f..!.. \ ...... 11•,,.,/1 ~ ~,I ··\:J ...... ····· ~· / ...... ~········· ... , II \ 11'11 ~/ ...... ~ ~ '··•7} :~;;~ l~;,; ;r··::J',.f II I ·f··.!.~_ ..r .. "\: \ ...... \1 ~v. t I I : 'I I \ I ! t PRICE ,, 80 80 ' \I I~ I II 'I ' 1 t .... \ I I I I I ·x \ 1~1~rGENERAl COPPER ' I 60 ,I :1 , I , I ,I ,I ,I , I .I .I .I .I .I .1.\ &0 .1 .1 .1 .I .I .I ,I .I .t ,I .I .1 .1 .1 .1 .I .I h~.l .1 1924 19Z5 1926 1927 1928 1929 1930 1924 1925 1926 1927 1928 1929 1930 180 180 r~m;m r• ,I I 140 PI! ICE , 140 ....., ... / ( ... ,...,A~'·. I' !\ ,... r ~\' . )~\ •'(\ fJ\A_'", \\!-(.... /' r.. \J1J; 1A.A j . ·. ~ Ia ~0 I.N 100 ~ ~...... M 000~ ~h. ~~l· ,_./.,.,..\ • t I -.\_./ ... \ ,¥\.Y \ ...... ~l/VER;_;;j J ~_,...... ---"' r~ r~J) \_ \ .... PRICE_.....\,, \ A lA .f •, ....'· 80 \r ,,, QO ' \j \ I • ,'\ I I IJ=cKJ-Lb r-., v I t / 'V·., V'\..t '\. t 'V ~TIN o.o~t•·tS ,1 .t,,l ,1,,1,,1 ,1 .1 ,1 .L.I .I .1 .. 1 .I .I .I ,I .I .I .I .• t'"'•j,, 60 "" ,1, .\~ 60 P~.9 .1 .1..1 1924 192S 1926 1927 1928 1929 1930 1924 . 1925 1926 1927 1928 1929 1930 . than at the end of the previous month, were smaller duction of track work increased from November, but than at the close of December, 1929. Silk machinery was under December, 1929. in the case of broad looms showed less activity than in The December output of zinc showed a slight in­ November. As compared with the activity of a year crease over the previous month, but was less than ago, December, 1929, the activity of broad and narrow during the corresponding month in 1929. The num­ looms was decreased. The activity of spindles was less ber of zinc retorts in operation was less than in either than in November, but was slightly greater than in prior period. The December production of copper at December, 1929. the mines showed a decrease from November and was Production of pyroxylin-coated textiles was less than considerably less than in 1929. Smelter copper out­ in November and lower than December, 1929. Ship­ put was less than in the preceding month. ments billed during December increased over the pre­ Imports of tin were less than during November and ceding month, while unfilled orders decreased. In under the year previous. Deliveries of tin, indicative comparison with the year previous, both items were of consumption, showed gains from comparative decreased. periods. The world visible supply increased from 11

November and was greater than at the end of Decem­ HIDES AND LEATHER ber, 1929. Tin prices were uniformly less than in December imports of hides and skins from foreign November and less than those during the same period countries were greater than those during the previous in 1929. month, but less than in December, 1929. As com­ pared with the imports in December, 1929, imports FUELS of calf skins and cattle skins were less. The produc­ The production of bituminous coal and of anthracite tion of boots and shoes during December were less was greater than during the previous month, but less than in December, 1929. Production of gloves and than during December, 1929. Coal prices in general mittens showed an increase over the month of Novem­ were less than in either prior period. Beehive coke ber and was greater than during the corresponding output was slightly less than in November, and was month in 1929. Exports of sole leather to foreign materially under that of the corresponding month in lands registered a decrease from November, but were 1929. materially over December, 1929. THE FUEL INDUSTRIES [Relative numbers, monthly average 1923-192.5 taken as 100. December, 1930, is latest month plotted where data were available)

240 240 COAL ~RooudrroN COKE

1601----l---+----+----+----+----+-----l 1601-----1---4'=:___ -+-----+---~1------l-~-j

100(A lA ~lG(""" M _).f"'\~ :"',\ j \ v \ ~~ .. PRI-:?' \ so \\ r'i : ! \ i ···-! 60 ,I 'Yi .~\.._:·/I .'1\:{, I ,I ~·;···:··i····r·,;·rli_..-:·t· f'}--;r··-· · ;,;;~-~~-~~;; 1924 1925 1926 1927 1928 1929 1930 240 240 ~nM~FVh 160 1------l-----+---+---+----+---+------1 160~--+---~--~1------~-~--+---+~~-~ k'~ fl /\ ! •

("·.\ ~-- ': /: \ /"··-, \ ··-., ... 100 ! '· : \ j \ \ \ ! f '"'·-..... __.- I ... smc~\ __...... -, \ i .. _j 80----~-----r------~=' ~------I

GASOLINE I - 00-';013·151 60 .1 .I .1 .I I .1 .1 .I '"l.u_Lu_Lj, .I ,J d .1 ,_L_j 1924 1925 1926 1921 1928 1929 1930

AUTOMOBILES AND RUBBER PAPER There were 155,601 passenger cars, trucks, and taxi­ The imports of newsprint during December were less cabs produced in the United States during the month than during November, or during December, 1929. of December. This compares with 135,752 in Novem­ Newsprint output by mills in both the United States ber and 120,007 in October, 1929. Canadian output and Canada was less than during November, and less totaled 5,622 cars and trucks, as compared with 5,407 as compared with December of the year previous. for November and 5,495 for December, 1929. The Consumption of newsprint by publishers showed in­ total output during 1930 in the United States was creases from comparative periods. During 1930 more 3,354,870 cars of all types, as compared with 5,358,420 newsprint was used in this country than during either in 1929 and 4,358,759 in 1928. 1929 or 1928. Imports of woodpulp were greater than A greater quantity of rubber was imported during in November, but materially under December, 1929. December than during November, but less than in De­ cember, 1929. The value of automobile pneumatic cas­ LUMBER ings exports for December totaled $2,103,304, against The production of Douglas fir lumber during $1,944,467 in November and $2,377,760 in December, December was less than during November, and was 1929. The total value of exports of casings during 1930 less than during December, 1929. Production, ship­ was $27,768,878, against $33,479,692 in 1929.· ments, and new orders were all less as compared with 12 the year previous. California redwood returns indi­ hogs. Cold-storage holdings of beef products at the cated decreased production, shipments, and new orders end of December also showed an increase over Novem­ as compared with November. As with Douglas fir, ber, but were under December, 1929. Wholesale all items were less than in 1929. There was less prices of beef products averaged about the same as in northern pine lumber shipped in December than during November but were less than in December, 1929. the previous month, the production being somewhat Shipments and slaughter of hogs showed increases greater. The production, shipments, and stocks of from November. As compared with December, 1929, maple flooring were all less than in both prior periods. shipments were greater and local slaughter less. The FOODSTUFFS production of pork products decreased from November and was less than the corresponding month in 1929. The visible supply of wheat in the United States, Holdings in cold storage showed increases from N ovem­ while less than at the end of November, was greater ber, but were under the corresponding month in 1929. than at the close of December, 1929. Wheat receipts, Shipments of sheep and lambs during December shipments, and exports were less than those of the showed a decrease from the preceding month, but in- THE AUTOMOBILE AND RUBBER INDUSTRIES [Relatiye numbers, monthly avergge 192.3-1925, taken as 100. Where available, December, 1930, is latest month plotted]

-; ---h'-'-'.\--+--_j I

--r=-r-==--1-----~ 300>1-----+- +-----1----t-----+----l---t---- =-+---t-30Cif-----+---t- ! ! 1 200j 'N_HOLE LE PRI~ ~ /'1 ____ _ I I

'v preceding month and those for the corresponding creased over the corresponding month of 1929. Local month in the year previous. Flour was exported in slaughter increased over November. Production and less quantities than during November and December, consumption of mutton and lamb were greater than 1929. Exports of flour from Canada were less than during both comparative periods. Prices of ewes and either prior period. Receipts and shipments of corn lambs decreased as compared with those of the month were greater than during the preceding month, but of November· and a year ago. less than in December, 1929. The visible supply of Receipts at important markets for live poultry were corn increased from November, and was greater than in 1929. Prices of wheat, corn, oats, barley, and rye seasonally greater than during the month of November; were decreased from November, and were, without holdings in storage also showed a similar change. In exception, less than the corresponding month in 1929. comparison with December, 1929, both receipts and Receipts of livestock of all types were greater than in holdings were lower. Receipts and cold-storage hold­ November. As compared with December, 1929, ings of butter, cheese, and eggs were all less than in the receipts in each case were greater with the exception of previous month and December, 1929. 13

TOBACCO BUILDING MATERIALS The consumption of large cigars during December Portland cement output in the United States during indicated a decrease from the preceding period, but December was smaller than during the preceding month small cigarettes increased. In comparison with the and was below production of December, 1929. The corresponding month of 1929, similar trends were 1930 production totaled 160,905,000 barrels; this com-. witnessed. pares with 170,198,000 barrels for 1929 and 175,968,000 Exports of unmanufactured tobacco and cigarettes barrels in 1928. Shipments were under prior periods, during December were greater than the preVIous but December stocks were slightly in excess of Decem­ month but less than in December, 1929. ber, 1929. The production of sand-lime brick and face brick BUILDING AND CONSTRUCTION were both less than during November. In comparison Building costs were generally higher in December with December, 1929, the stocks of common brick were than in November, but were on a lower level than smaller, and those of face and sand-lime were also during the month of December, 1929. New building smaller. Shipments of all types of brick showed MOVEMENT OF GRAIN PRICES [Weighted price per busheL December is latest month plotted]

~~J3±5J2tJ.CORN NO. 3 YELLOW, CHICAGO ~ 1~0,------.------,------,------.------,------~--.------.------,------.------, --/ r--v-.... ~. -.... ,_ooi---+----+----_J*\-+--l+--+--'-~\-.l----t--,/,..u.',--J-""'.,::;."""""... \.-.1-t:-..=--/.-.'-;---+-~-A~-; 0.80!------+------!-_,-"------..---t..=~---+------""";;:-----.-.--t---/----=.--I------"~------F-_,_---;:--~ _ ~, '-' -- r---r ·v·r-J \... o.so'- "" ..,.,./ iil "'" ' v-- ~0~ I I r- I I I I I I I a: OATS NO. 3 WHITE, CHICAGO ~ 1.00,------,-----...------,--,------,------,------,------.------,------,------, ~o~~------+------4------~------r------~~------4~------+------+------~ j A g 0.60f------+------+------+---.-.. --·:.r------t------+------t ...... :_-\----l------+------l ...... ·· ···•···· ··...... ····••...... ··· ~ ...... ·· .... · ...... ···············.. ·••••• ... .• •• ••• •• •••• :·.-· " : ••••_· +------i----">.--:o.~--1 0,40 ...... ••• •• ·· ....·· ...... / '·········.....

020 j_ l_ l_ 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 RYE NO. 2 MINNEAPOLIS l,so.------,------~-,------,------y.'\.------,------,------,------,------,------, l~f-'-'-'c--..-----t------~~---t------/!-\------+ -----1-----1------t------+------l ,., J. \ ...... / \ i ·"'· '"' . \ too '- :- . . ../ \ I ~'· _,,. ·-· .... , ·-· \ -'0 ...... 0.80~----\.,- __-..,.ij___:_\;-1- -~------,------v~ f--~------~j------l-",.."-=-----1-'.:------1 0.60 I '1 '·I ,·~-~ttL~~ I . I I I I I .L _ili_U_ \ ..... Ll I 1921 1922 1923 • 1924 I 925 1926 1927~_j_LJ_j_LJ'I928 LLJ_.LLL-'-;'19~2~9LLJ_J-LL.LLJi~~!l;;- '*~...Lu.J li .\.. in 37 States, as measured by contracts awarded (as decreases from prior periods. Output of polished plate compiled by the F. W. Dodge Corporation), showed glass during December amounted to 4,941,000 square decreases both in total valuation of contracts and in feet, as compared with 7,103,000 square feet in Novem­ floor space from the month of November. As com­ ber and 8,482,000 square feet in December, 1929. pared with December, 1929, both were less. In com· Production of all types of prepared roofing and the parison with November, increased valuation of con­ output and stocks of roofing felt in December showed tracts was noted in contracts awarded for public build­ decreases from the preceding month and December of ings, religious and memorial buildings, and in public the year previous. · works and utilities, while decreases occurred in com­ TRANSPORTATION mercial buildings, industrial buildings, educational buildings, hospital and institutional buildings, recre­ The movement of commodities by rail, as reflected ational buildings, and residential buildings. In con­ by freight-car loadings, showed a decrease from the trast with December, 1929, contracts let for all types previous month and was also less than December, of buildings, with the exception of educational buildings, 1929. For the year 45,887,413 freight cars were hospitals, public buildings, and public works and utili­ loaded with all types of commodities. This compares ties, were smaller. with 52,827,925 cars in 1929 and 51,589,887 in 1928. 14

Surplus freight cars, both box and hopper, were more representative stocks were lower than the preceding plentiful than in the previous month and in December, month and December, 1929. Bond prices also showed 1929. Clearances of American and foreign vessels for losses from comparative periods. foreign trade in December were less than during the GOLD AND SILVER previous month, but above December of the year previous. Domestic receipts of gold at the mint were less than BANKING AND FINANCE during the previous month, but exceeded those of December, 1929. Imports showed a similar tendency, Bank debits, both in and outside New York City, while exports were less than the exports during both exceeded those of the preceding month, but were periods. The production of silver in the United States smaller than in December, 1929. Bank clearings in was less than for the previous month and was also Canada also showed a similar comparison. Loans and under December, 1929. Imports of silver were slightly discounts of Federal reserve member banks showed greater and exports were less than during November. decreases from both the preceding month and Decem­ Both movements were under the level of December, ber, 1929. Brokers' loans at the end of the month 1929. Silver stocks decreased from the previous were less than at the end of both the month of N ovem­ month, but were greater than at the end of December, ber and December, 1929. Interest rates on call-loan 1929. renewals showed an increase from November, while FOREIGN EXCHANGE rates on 60 to 90 day commercial paper remained as Exchanges on the principal countries showed little in November. Both rates were considerably less than change from November, there being a slight advance the year previous. in rates in Belgium and Netherlands. Declines in More business firms failed during December than rates were registered in India, Canada, Argentina, and during the previous month, and the liabilities of such Brazil. Compared with a year ago, rates of exchange firms were also greater. The number of business in Japan and Canada increased, while rates in England, failures were greater and the liabilities were more than Netherlands, Sweden, India, Argentina, and Brazil during the corresponding month of 1929. Prices of 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. 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.

·------~------~--~ -~----· --

Maxi­ Mini­ • 1928 I 1930 mum mum 1929 . i/ Relative to 1923-1925 monthly average as 100 since since . I Jan. I, Jan. I, 1923 1923 IOctober Novem- Decem- I October I N ovem-1 Decem-! I ber ber 1 I ber ber 1

! --~------~----- . I PRODUCTION I I I 1 TOTAL INDUSTRIAL i i' Unadjusted, except for working days ______108 I 125 78 118 115 108 120 1 95 90 85 78 Adjusted for seasonal variations ______127 82 115 113 113 117 106 I 99 88 84 82 ' MANUFACTURING I I I I Total (adjusted for working days only) ______127 76 117 115 109 107 . 92 87 84 76 Total (adjusted for seasonal variations) ______1191 Iron and steeL ______129 80 115 113 114 117 105 96 86 83 80 155 59 126 120 123 124 100 90 75 65 59 Textiles ______------______121 77 112 113 111 118 1 108 96 91 92 87 Food products ______-----______110 89 98 102 104 96 96 95 94 94 89 Paper and printing ______130 91 116 121 122 126 123 118 106 103 101 Lumber------110 78 81 85 87 ------Automobiles ______166 45 119 92 101 113 81 49 45 53 63 Leather and shoes------134 80 103 97 92 113 106 93 90 80 84 Cement------126 83 122 122 119 1 113 109 110 97 86 83 Glass, plate ______-----______174 65 131 143 146 172 149 117 101 91 65 Nonferrous metals ______137 85 121 126 127 122 119 113 95 87 85 Petroleum refining ______178 84 160 159 158 178 171 166 160 151 149 Rubber tires ______167 154 144 114 94 80 Tobacco manufactures ______169 66 88 77 73 143 93 126 124 127 I 135 130 133 129 119 128 MINERALS II II Total (adjusted for working days only) ______128 84 123 117 106 127 114 104 95 89 Total (adjusted for seasonal variations) ______120 90 114 113 112 118 110 110 116 II 98 92 94 Bituminous coaL ______125 77 99 99 98 103 98 104 87 86 85 Anthracite coaL ______133 1 119 111 97 112 88 117 105 83 93 Crude petroleum ______126 127 Iron-ore shipments ______147 88 131 140 132 133 115 114 Ill Copper ______143 0 114 106 107 98 ------74 51 Zinc ______142 75 128 131 --i33- 123 118 115 83 83 75 127 68 110 111 106 119 106 98 90 70 68 SilverLead------______125 75 108 111 112 115 114 105 94 83 9.2 123 66 79 93 109 94 114 87 70 73 M ANIMAL PRODUCTS (Marketing) TotaL ______VVoo} ______124 79 102: 93 92 103 95 93 97 89 98 Livestock ______545 14 35 . 70 55 52 63 70 i 79 35 57 Poultry and eggs ______131 76 95 : 98 95 113 96 90 108 88 94 86 j Dairy products ______148 67 110 126 128 137 79 122 138 164 64 89 I 77 78 91 81 1~ 82 78 93 Fish------283 44 153 • 131 119 187 154 102 1 172 146 99 CROPS (Marketb.gs) TotaL ______I 2521 45 252 180 152 246 155 128 198 139 98 Grains *------______214 38 174 122 124 103 69 90 83 72 80 Vegetables *------______199 60 151 : 94 69 171 91 77 168 90 79 Fruits *------______-----I 266 43 266 ! 119 70 245 93 53 249 109 67 Cotton products *_ ------______-1 373 6 353 ! 258 206 373 234 I 183 328 241 145 Miscellaneous crops *_ ------______344 3 213 i 209 196 344 296 179 1 20 I 11 5 • Fluctuations between maximum and minimum due largely to seasonal conditions: Minerals and Manufacturing are adjusted for seasonal variations except where noted. 16 INDEXES OF BUSINESS-Continued

Maxi· Mini· 1928 I 1929 1930 ~urn mum 1 Relative to 1923-1925 monthly average as 100 smce smce --~-----,------,---III---.-----.----- Jan. I, Jan. I, N D IN D N D 1923 I 1923 October ovem- ecem· October ovem· ecem· October evem· ecem· I ber ber I 1 ber ber ber ber

To~'----~~~;.:~~~~~~;~~~:~---- ____ ft~ ~- 59. -87 ~- .: ~ ~~~--J~-81 ~:.--~ --::--5-9 Lumber------112 52 84 79 71 86 77 65 64 60 52 Pulpwood------151 54 108 116 111 110 113 100 94 117 111 Gum (rosin and turpentine)*------204 18 128 119 122 1 130 1 142 127 143 113 118 Distilled wood------148 47 93 104 104 108 I 101 100 60 67 67 I I NEW ORDERS I TotaL·------~138 49 96 102 1 80 98 73 I 71 1. 57 49 50 Textiles------179 56 116 113 . 88 112 89 73 i 91 71 64 Iron and steeL------158 58 117 114 1 111 118 79 98 1 68 58 71 1 Lpumber __d---:-t-;------1 112481 8365 18139 I 19149 I 9697 12743 I 10636 5922 ! 10369 9337 36 aper an prm mg------1 I j 93 Stone and clay products______129 49 119 1 101 I 82 95 84 73 66 53 49 I I : STOCKS I I I I : II I Grand totaL------1 16:_ 82 1331 138 \ 142 I 155 157 158 11 157 162\ 164 1

1 Total manufactured goods------~-1281. 88 112. 115 'I· 122 . 1141 1161 119 'I 119 119 'I 121 Foodstuffs------~ 144 79 93 87 97 111 104 110 I 99 93 95 Textiles.------139 I 78 113 118 . 129 121 121 I 131 97 97 , 104 Iron and steeL------1 158 78 135 143 147 134 134 135 I 147 146 I 146 1 1 Nonferrous metals------~ 234 · 74 123 125 1 125 143 150 165 1· 234 231 I 228 Lumber------125 78 103 107\ 113 108 1131 116 110 114 I 117 1 Stone, clay, etc------1 198 62 121 144 163 126 147 172 , 150 163 1 166 Leather------123 66 74 75 I 77 70 74 75 I 82 83 1 83 Rubber.------199 77 149 156 . 164 145 146 1' 144 118 1161 113

Paper------156 1 46 139 133 · 132 102 90 73 1 127 122 123 Chemicals and oils______141 84 108 112 117 121 124 127 [ 125 124 1 124 Total raw materials------193 68 149 154 156 185 186 186 185 193 195 Foodstuffs______230 68 157 155 163 230 219 213 197 200 205 Textiles------243 43 149 170 173 173 194 203 215 238 242 Metals------304 54 133 126 97 119 122 115 134 140 130 Chemicals and oils------146 72 139 136 136 134 129 129 133 129 124 UNFILLED ORDERS 157 64 72 74 71 77 74 78 64 64 67 Totaf;;fu~;~:_-_-_--~===:::::::::: ======:::::I 154 31 73 72 72 59 55 51 36 37 37 Iron and steeL._------.---.------. 159 63 75 76 83 so 81 87 67 69 76 Transportation equipment. ______.. __ _ Lumber ______204 35 62 49 35 121 114 116 84 81 79 1 142 47 69 84 62 66 58 72 69 47 1 66 I RETAIL TRADE I I Mail-order houses (2 houses) ______275 68 194 188 227 242 225 170 222 275 II 211 CHAIN STORES: Ten-cent------Restaurant ______308 62 164 158 305 176 174 308 168 159 298 116 87 104 100 108 114 110 112 I 106 1QQ 107 DEPARTMENTSales ______STORES: [I 1 189 71 118 125 192 122 125 168 191 1,, 112 1112 Stocks------1 117 83 112 115 94 112 115 94 101 104 I COST OF LIVING I National Industrial Conference Board Indexes I I (Relative to July, 1914) i i I All items weighted ______1 172 148 163 163 1 162 ii 163 163 162 1521 150 148 Food (Department of Labor) ______167 137 157 157 : 11 161 160 158 144 141 Shelter____ •• ______156 137 186 152 161 16o 1 160 I.'i 160 159 159 153 I 152 150 Clothing------,1 177 149 173 172 ! 168 168 169 151 149 147 Fuel and light (combined)------! 179 156 161 16z I ~n :: 161 162 162 159 I 159 159 208 174 182 183 I 184 II 182 183 183 180 I 180 I 180 123 118 121 121 121 I. 120 120 120 119 1 119 I 119 176 164 171 171 111 I! 170 I 170 169 166 I 165 I 164 I :_j- I I ~~~\~;:~~~======! -~--~-~~ • Fluctuations between maximum and minimum due largely to seasonal conditions. Minerals and Manufacturing are adjusted for seasonal variations except where· noted. 17 INDEXES OF BUSINESS-Continued

I!I Maxi- Mini- 1928 I 1929 1930 mum mum Relative to monthly average indieated since smce ~~--~------11 Jan. 1, Jan. I, D N D N D I 1923 1923 October Novem- ecem- October ovem- ecem- October ovem- ecem- 1 ------~~~------~.~--- ~ ~,11---~ ~ --- __t_:_ ~ EMPLOYMENT . (Relative to 1923-1925 monthly average as 100) Number employed, by industries: il I Total, all classes ______106 79 II 100 99 98 I 103 99 95 84 81 79 Iron and steeL .. ______108 1 99 97 92 82 80 78 83 ~achinerY------122 ~~ f 15~ 16~ 16~ I 119 115 87 85 Textiles ______111 100 97 11294 I 82 80 78 Food products_------1 109 ~~ ! 16~ 1gg 16~ II 104 102 100 I 95 94 92 Paper and printing __ ------~ 107 106 I 107 99 98 98 Lumber and products ______104 ~~ I 1gi 1gi 1~~ II 90 87 64 62 58 Transportation equipment- 1~~ 'I GroUP------1 110 65 94 90 90 90 83 81 67 65 65 Automobiles ______-----___ ---1 131 68 120 109 108 101 84 80 70 68 69 Leather and products ______112 75 95 89 89 99 94 90 83 77 75 Cement, clay, and glass------1 107 66 94 92 90 92 89 82 73 70 66 Nonferrous metals ______. 113 70 100 102 102 98 94 90 72 71 70 Chemicals-Group ______1 119 90 107 107 107 116 114 112 101 99 98 Petroleum refining ______125 95 104 104 I 105 125 124 121 104 100 100 Rubber products ______117 73 113 110 110 103 91 89 75 73 73 Tobacco products_------1 109 84 99 99 96 95 96 89 88 87 85 Amount of pay roll, by industries: 1 Total, all classes ______-I 112 74 108 104 104 111 103 99 81 75 74 Iron 3;nd steeL ______114 67 105 105 103 108 100 94 76 69 67 1 ~achinerY------· 132 75 111 110 114 1 129 122 120 81 75 75 Textiles------111 69 101 97 100 105 96 94 80 73 72 Food products------109 94 106 105 106 109 106 98 97 95 Paper and printing ______118 92 112 112 114 118 117 1181061 105 105 106 Lumber and products ______107 5o I 96 94 91 97 89 83 60 55 50 Transportation equipment- 61 I GrouP------~ 117 105 96 96 100 89 86 63 61 61 Automobiles ______152 56 134 115 112 108 84 73 58 57 56 Leather and products ______116 55 96 80 86 100 84 84 70 55 58 Cement, clay, and glass------1 108 56 94 91 88 91 86 80 66 61 56 Nonferrous metals ______128 67 117 119 121 113 100 96 69 67 68 Chemicals- GrouP------118 90 109 108 108 118 116 114 100 96 95 Petroleum refining ______129 90 108 107 107 129 126 125 109 103 101 Rubber products ______·______150 59 120 112 114 101 86 85 66 59 63 Tobacco products ______.. __ _ 111 76 95 94 94 94 94 89 78 77 78 WHOLESALE PRICES Department of Labor Indexes (Relative to 1926 monthly average as 100) All commodities ______105 78 98 97 97 96 94 94 83 so 78 Farm products ______1, 114 75 104 102 104 104 101 102 83 79 75 Food,etc ______107 82 102 100 98 101 99 99 89 86 82 Hides and leather products______127 91 118 116 116 111 108 107 97 94 91 Textile products ______I1 114 72 96 96 96 93 92 90 74 73 72 Fuel and lighting______j 112 71 85 84 84 82 82 81 75 72 71 ~etals and metal products______113 90 101 102 103 104 102 102 90 90 90 Building materials______116 84 95 96 97 98 96 96 86 86 84 Chemicals______104 85 96 96 96 94 94 94 86 85 85 House-furnishing goods______111 91 97 96 96 97 97 97 95 II 95 91 Miscellaneous.-______127 67 80 80 80 81 80 80 69 68 67 Classified by condition of manufacture: Semimanufactured articles______128 74 97 97 97 98 96 94 76 76 74 Finished products______103 82 99 97 96 96 94 94 86 84 82 Raw materials.______109 74 97 96 97 97 95 95 80 77 74 All commodities except farm and food products______111 79 94 94 94 93 92 91 82 80 79 Commercial Indexes (Relative to 1926 monthly average as 100) Dun's ______----- 106 85 102 103 102 101 100 99 88 86 85 Bradstreet's. ______112 74 i, 101 102 100 96 95 90 78 76 74 368.54-31--3 18 INDEXES OF BUSINESS-Continued

1928 1929 1930 uJ.naxi- 'II M"llll· I'li mum mum 1 Relative to monthly average indicated since since ~~------c---- ~------~------.~---,--- Jan. I, Jan. 1, I IN I D 1923 1923 : October 11 'b~~m- October! Novem-: Decem- I l,";;n- 1 ber 1 ber ~~~~~~-)--1 -~-1------I 1 I< I II PRICE INDEX NUMBERS ! ' I

FARM PRICES I (Relative to 1909-1914 average as 100) i All groups ______152 97 I 137 1 134 134 140 136 135 106 103 97 Grains------178 80 I 110 112 128 118 119 92 80 80 Fruits and vegetables ______116 I 253 108 1 114 I 109 108 168 159 163 127 114 108 Meat animals ______174 98 150 143 151 144 143 123 118 112 Dairy and poultry ______166 150160 I 155 159 151 157 157 126 130 120 Cotton and cottonseed ______120 II 252 73 1 147 146 148 141 132 130 76 80 73 Unclassified ______1 1 108 86 90 89 90 87 70 73 70 67 1! 83 i I' 1 ,I

SALES OF THE GREAT ATLANTIC & PACIFIC TEA C0. 1

~~~------~·-- --~------=-=-co.-=-=-=-=-======~~------~~hous~;d~~Pdoll~~:)--1 ;~N~AG;;ALES r------SALES TONNAGE SALES (Thousands of dollars) YEARAND MONTH '------,-~----:------~- ~---~~ YEAR AND MONTH I I Nam-r Weekly : 1 Weekly 1 Num-1 Weekly I Weekly 1 Total ber of average : Total : average I Total ber of average Total average 1 [ weeks : 1 11 weeks 1 ------~----1------.--- 1----11 ~ ------1----r---~-1---- 1928 I I I I 'II 1929 I i I September.•• ------1 $69,336 I 4 $17,334 i 309,451 i7, 363 I November ______' $83,714 4 I $20,928 381,106 95,277 October------, 93,429[ 5 18,fJ86, 419,079 83,8161 December______87,260 4 I 21,815 407,339 101,835 NovembeL------1 73,844, 4 18,461: 338,704 84,676 i [ i December ______! 74,911 ' 4 18,728 I 345,595 86,399 1930 1 I 1 [ i ' 1 JanuarY------: 104,271 5 20,854 492,425 98,485 1929 I I , , I February ------1 86,122 4 , 21,530 400,5681 100, 146 91,983 ; 5 I 18,397 1 425,590 'I 85,118 March ______, 83,976 1 4 ;· 20,994 39•5•• 331 I. 98,834 January------~ 1 February ______, 85,846 ' 4 I 21,462 1 39f>,225 99,056 I ApriL ______[ 86,138, 4 1 21,534 404 319 101,080 4 1 100,791 101,776 97,735 mt======:::::: 1 1 tF!t~======::::JJune·------~ ~u~~76,653 ~I4 iH~19,1G3 m:~~!353,289 1 i~:m88,3221 ~ August ______,. gi:~~7R, 3631' i:4 1 ~8:m19,591 389,~u~~ 113 97,278 94,657 ~~~usi::::::::::::::::::::::: ~~: m. ~ ~~: ~~~ ~~k mII ~~: ~~ ~ett~t~r~e_r~:::::::::::::::::::: 1~~:g~g ~ ! ~~: i~~ m: ~~~ 99,102 September______75,246 i 4 18,811 336,309 84,077 November ______: 79,820 4 I 19,955 399,742 99,935 October ------1 105, !195 : 5 21,199 468,258 93,102 1 December ______, 81,347 1 4 i 20,337 417,163 104,291 1 11

1 Compiled by the Atlantic ~ Pacific Tea Co., and represent the sales of identical stores for the periods shown. INDEXES OF EMPLOYMENT AND PAY-ROLL TOTALS 1 [Monthly average, 1929=100]

f I ! Q · i Operation II I i • . • . · uarrymg ! Telepho12e I . . I ' and main- I Canning Ant!II~Cite B1tum!nous Metalhfer- ! and non- : and tele- Po\\er, light, I tenance of Wholesale Retail trade Hotels [ and pre­ rnmmg coal mmmg ous mmmg \ m~t>;llic \ graph and water I electric trade 1 serv.ing I [ ! mmmg I , railroads ' ' Year and month I : I I I ~ Em- '1 Pay- Em- , Pay- -Em- Pay-; Em- i Pay-!' Em- Pay-~ Em- ' Pay- il Em- Pay- Em- \ Pay-~-E-,m--,-P-a-y-- Em- Pay- Em- i Pay. I ploy- roll ploy-[ roll ploy-IIoll I ploy-: 10ll ploy-1 roll ploy-! roll ploy-1 roll 1 ploy-[ roll 1ploy- I roll ploy-! roll ploy- i roll ______:ent Itotals ~ent totals ment Itotals! ~ent !totals Iment totals _:~n~~tota~_! ment [totals ment! totals !mentl totals ment \totals ment i tot~ 1 1 1 1 1929 I ! ' i i I I I ! I I i ! I : JanuarY------105.71100.7 106.4j 106.1 93.1[ 88.0 91.61 85.9\ 94.31 94.5j 92.91 91.71 99.7 98.7[ 97.7 96.7 99.2i 99.0 97.1 98.5 50.8; 57.3 February ______106.0[122.1 107.7; 116.6 94.6 91.8 ~1.9: 88.9 95.31 93.~~92.6 91.81 99.1 97.6 96.9 96.41 94.6 94.5 99.8 102.0 48.91 59.2 1 1 1 1 March______98.0 90.8 106. 8\· 108.6 97.0 99.1 1 96. o, 95. Ol 96.5 98.' 92.8 94.51 97.0 98.0 97.3 98.5 96. 2• 96.1 100.9 103.4 49.41 54.9 ApriL------100.7 88.3 100.2 89.2 100.61104.6\ 99.6 100.5 97.8 98.3 95.91 95.51 98.5 99.5 97.91 97.8 95.5 96.0 99.7 100.t 90.61 98.9 May ______103.7 99.0 96.6 91.9 100.8 104.61 104.1 107.11100.4 99.4 98.4: 98.11 100.4 101.0 99.0[ 99.0) 97.3 97.1 98.1 98.9 62.0 71.2 June.------92.9 80.7 94.7 90.0 103.8 105. 6[ 106.6 110.5 101.5 100.0 100.71 100. 4[ 101.2 101.71 99. 2 98. o 97.4 93.6 99.3 98.7 76.6 71.9 1 1 July ______83.2 64.7 94.1 85.6 101.5[ 99.0, 104.7 104.71102.6 104.1 10a.2: 102 a: 102.2 101.9 100.4 100.5\ 93.6 95.9 101.1 99.8 126.8 1 109.2 August ______91.1 78.4 95.7 92 8 103.2[ 100.1 106.7 110.3 103.7 101.8 105.41103.81 102.2 102.0 101.3 100.0 93.6 95.2 102.6 99.4 184.81180.1 September ______101.9 103.8 97.2 98.6 101.2, 102.0 106.6 109.8 102.5 100 4 105.5 106.8 101.4 101.5 101.9 103.3l 97.6 99.2 102.8 102.21210.1 207.9 1 October______106.1 133.9 98.8 106.81101.9:103.1: 103.6 105.8 101.9 105.1 105.7' 106.0: 100.5 100.0 102.9 102.7 101.7 102.61100.6 100.2 143.3 134.5 November______104.0 100.5 101.0 106.0 103.01102.2, 98.6 96.0 101.9 101.2 104.7\104.1, 99.4 98.4 102.9 101.91106.7 105.2 100.0 99.8 95.1 91.6 December______107.1 137.2 101.3 108.2 98.5 99.7, 90.1 85.4 101.8 103.9 102.51 105.8 98.3 99.8 102 6 104.7 126.2 120.61 97.7 98.9 61.3 63.4 Average ______100.0 10o.o!1oo.o 10o.o!1oo.oi 100 o 100.0 ~oo.o11oo.o 100.0, 1oo.o11oo.o 100.0 100.0 100.0 100.0 100.0 100.0 100.0 10o.oltoo.o 100.0 1 1 JanuarY----~~~~------102.1 105.8.102.5 101.4!~~~---:;;;~1101.6 105.1 ---;-;;il 99.71--;:-;- 97.8110o.ol1oo.o 98.9~ 100.4 100.31.~ 50.3 February ______106.9 121.51102.4 10211 92 3 92.5i 79.8 73.51100.2 101.9,1 98.8 100.41 95.1 95.7 98.~1 98.3 94.4 96.0 102.4 103.8: 45.7 51.5 March------82.6 78.5: 98.6 86.4 90.9 90.8;· 83.0 80.0 99.4 106.81 99.7i 102.1.. 94.4 95.4 97.'[ 99.7 93.9 95.5 102.4 104.4! 49.7 50.8 1 ApriL------84.1 75.01 94.4 81. 7f 89.3 88. 3] 87.4 85.4 9.3. 9 103. 4[100./i 102. 6] 95. 2 97.1[ 97.31 97.9 97.3 97.5 100. 1 100.3 74.8 72.6 1 MaY------1 93.8 98.8, 90.4 77.5t 87.5 85.~~ 90.8 90.21 99.7 103.2i 103.4! 10~.5~' 95.2 96.0 96.8 97.4 96.7 97.3 98.0 98.4] 65.7 66.9 June------: 90.8 94.3~8~.4~75.61.· 84.6 81.6! 90.3 9?.91 99.8 103.4 104.61101.8, 94.8 97.0 96.51 98.e 93.9 96.8\ 98.0 98.1 83.0 81.5 JUlY------~ 91.6 84.0 88.0 68.9! 80.51 71.91 89.9 8~.5 100.0 106.6 105.9. 106.71 95.3 95.6 96.01 96.0 89.0 91.7 101.3 99.8.1 126.3 112.7 August ______80.2 '18.8 89.2 71.11 79.0 71.01 89.3 8o.8 98.8 102.5 106.4 106.6; 92.9 92.1 95.0 93.6 85.6 87.6 101.5 98.61 185.7 172.0 1 1 1 1 September.------~93.8 91.6. 90.5 74.91 78.1 68.91 87.7 82.5 96.8 102.2 105.2!106.1[ 91.8 90.5 94.8193.6 92.0 92.4 100.1 97.11246.6 214.8 October ______99.0 117.21 91.8 79.4[ 77.21 68.6] 84.7 79.3 94.5 100.9,1 104.8i 105.61 91.0 88.9 94.2 92.9 95.5195.1 97.5 95.51164.7 140.0 November ______97.2 98.0 92.5[1 79.1! 72.8 63.4i 78.3 66.8 93.0 97.9 103.4! 103.7[ 89.3 87.7 92.6 91.0 98.4 96.8 95.2 93.6[1 96.7 82.9 1 1 1 1 1 I Compiled by the u. s. Department of Labor, Bureau of Labor statistics. ' Not including car building and repairing, electric railroads; see vehicles group, manufacturing industries, page 14, et seq. 19

LIVESTOCK RECEIPTS AT PUBLIC STOCKYARDS, 1930 1 [Based on reports submitted by stockyard companies]

Cattle (excluding calves) li Calves Hogs Sheep and lambs ------,------,-----

Chicago______2, 239,042 1 South St. PauL------1 559,423 Chicago.------·------7, 869, 9!4 1 Chicago______4, 335,106 Kansas City______1, 802,435 Chicago ______556, 661 East St. Louis.------3, 459, 011 Omaha______3, 410,239 486,518 Omaha______1,484, 501 1 Milwaukee.• ------1 Omaha ______------3, 362, 875 Denver __ ------2, 061,887 East St. Louis______819,8091 Jersey City ______476,274 1 South St. PauL------2, 759,166 1 Kansas CitY------2,015,693 South St. PauJ______779,143 Pittsburgh ______397,547 Sioux City.------· · 2, 316, 9821 Ogden._------1, 974, 897 Sioux CitY------774,462 East St. Louis------383,329 Pittsburgh------1 2, 171, 764 Jersey City_------1, 930, 525 Forth Worth______637,513 Kansas City------364, 185 Kansas City __ ------' 2, 014,680 St. Joseph... ------1, 634, 171 Denver_------505,169 Fort Worth ______331,443 Indianapolis._------~ 1, 714,207 Pittsburgh______1, 473, 411 St. Joseph______459,356 Buffalo ______------270,040 SCt,.nJco.nsenpaht.-_--__-- __-_-- __-- __-_-_--_- __-_-- __- 1, 446,4321 South St; PauL______1, 353,995 Pittsburgh______304,843 New York ______202,837 1 1 1 1,174, 919 Sioux City------1,187, 952 Wichita______266,466 Detroit ______197,417 Baltimore,------1, 003,931 Buffalo...• ------1,168, 829 Oklahoma City_------244,393 1 Indianapolis.------174,230 New York______999,026 I Pueblo______752,646 ICn1.dnica1.nnanpato1!IS_·_-_- __--_-_-_-_-_-_-_-_-_-_-_-_- __- 237,159 1 Cleveland ______140,701 Peoria______778,628 North Salt Lake______585,919 Buffalo______698,329 East St. Louis______583,870 233,790 111 Omaha •.. ,------120,257 Jersey CitY------231,769 . CmcmnatL.------117,326 Sioux Falls______655,505 Detroit______567,542 Los Angeles______205,733 Oklahoma City ______115,593 Milwaukee______575,171 1 New York______552,173 1 Buffalo ______, 174,739 11 Louisville ... ------~-- 105,390 Wichita______561,231 1, Cleveland______450,319 Lancaster______166,912 !I Wichita _ ·------101,883 Cleveland______529, 5861 Fort Worth.______432,082 Milwaukee______150,793 1 St. Joseph ______100,452 Denver._------512,322. I Baltimore______382,060 Baltimore______141,138 , Philadelphia ______96,535 Newark.------451,867 South San Francisco______298,909 El Paso______133,4231 Denver ______87,726 North Salt Lake ______. 378,976 1 Phi!adelph!a______295,076 Detroit______131,787 New Orleans------86,926 Oklahoma City ______j 333,894 II' IndtanapoliS------286,708

1 Portland, Oreg,______119,075 Sioux City ______82,072 Philadelphia ______286,783 1 Cincinnati______233,074 Amarillo. __ ------1!4, 853 . Boston ______78,930 Fort Worth______279,331 II J,os Angeles.------181,205 0gden ______107, 428 Baltimore.------72,332 Louisville______255,031 Portland, Oreg______177,302 Cleveland______105,690 1 Los Angeles ______69,890 Detroit______253,918 Louisville______167,922 Louisville______94,494 1, San Antonio ______63,539 Ogden ______1 253,541 I Nashville______164,735 Sioux Falls______93,716 1 E1 Paso ______48,580 Portland, Oreg ______;1 243,513 I El Paso______142,168 South San FranciscO------~1 89,75.3 Peoria ... ------47,408 Richmond ______: 239,4161 Amarillo______117,482 Pueblo______82,720 Springfield, Mo ______1 46,072 Evansville ______! 236,8881 Wichita______111,305 North Salt Lake______I 79,392 Lancaster ______41, 38 South San Francisco ...... ! 218,306 Milwaukee ••• ------92,187 San Antonio.------1 63,369 Nashville.------40,431 Cheyenne·------! 181, 761 Pasco.------87,011 Montgomery------~ 56,539 Evansville ______40,135 Seattle ______; 180,123 Newark.------74,968 Philadelphia______52,600 Montgomery------37,993 Springfield, IJJ. ______i 171,434 Seattle______73,333 1 1 Nashville._------! 49, Oll Memphis .. ------~ 25,095 Los Angeles______146,285 San Antonio______55,222 New Orleans ______, 46,467 Dallas.------21,393 Washington, D. c ______: 142,542 Oklahoma City------51,790 Peoria._------~ 42,410 Pueblo ______18,661 Springfield, Mo ______; 133,393 Evansville______34,779 Boston______40,021 Sioux Falls ______1 15,418 Nashville------! 130,357 .1 Cheyenne______32,702 Memphis._------38,851 Newark ______14,998 Amarillo.------1 126,708 11 Spokane------32,488 14,061 Jersey Ctty _ 121, 758 1 Lancaster------30, 679 Seattle------37,466 Muncie_ ------1 ------1 Spokane______35,789 Fort Wayne.------~ 14,054 La Fayette.------1 113,647 I Fort Wayne._------30,669 Atlanta______35,397 Richmond------11,730 Muncte------1 106,886 Muncie.------29,591 Evansville______33,686 Portland, Oreg ______10,336 Maeymtopnh_is_._-_-_-_-_-_-_-_-_-_-_-_-__-- __--_-_-_'! 101,1941 Springfield, Mo______20,693 Springfield, Mo______27,373 South San Francisco ______9,296 D 97,468 Peoria______18,720 New York------25,735 Washington, D. c ______8,651 Lancaster ------.1 91,274 Toledo ______------13,921 Dallas __ ------21, 510 La Fayette.------~ 7,993 , Fort Wayne. ______: 87, 531 Springfield, Ohio______13,833 Newark______20,418 Dayton.------7,802 Moultrie ______! 75, 742 Richmond .• ------12,284 Dayton______18,901 Springfield, Ill ______6, 262 Springfield, Ohio ______, 75,177 Sioux Falls______9, 352 Richmond.------15,304 Ogden.------·------6,212 San Antonio------1 73,085 La Fayette______9,025 Knoxville______15,196 Toledo------5, 762 Toledo ______, 70,122 Washington, D. C---·-----·j 8, 289 Chattanooga______13,817 Knoxville------4, 702 Dallas __ ------~ 69,409 Dayton______1. 983 Fort Wayne------12,572 Springfield, Ohio ______4, 701 Spokane.------68,025 Marion.------·------[ 7, 548 Toledo______12,563 Spokane------4,604 New Orleans______46,0451 LaredO------6, 870 Moultrie ______------11, 888 Seattle.------4, 063 Marion.------45, 541 Dallas._------~ 5, 779 Cheyenne______11,616 Atlanta ______4,048 Montgomery------·------42, 381 Boston______4, 956 Washington, D. C------8, 966 Laredo ______3, 727 Atlanta______41,045 Montgomery______3, 828 Muncie.------7, 874 Marion.------1,588 El Paso______40,326 I Springfield, m ______. 3,188 La Fayette______7,026 North Salt Lake ______982 Knoxville______31,661 Chattanooga ______, 1, 439 Jacksonville______4, 635 Jacksonville ______439 Boston______30, 245 I New Orleans __ ------1 1, 429 Pasco______4, 311 Pasco ____ ------~ I 6 Pueblo______28,800 I Knoxvil!e------1 1, 417 Birmingham'------4,183 Jacksonville______24,060 MemphiS------' 1, 330 Laredo.------1 3, 682 I Chattanooga______23; 763 Atlanta.------~ 690 Springfield, Ill ______3, 553 · Pasco______13,735 Jacksonville______451 Springfield, Ohio______3, 345 Marion.------989 TotaL------13,798,559 Total. ------l-6-,-36-7-,6-9-7-ll ~f{~~:~:~~~~~~::::::::::: 40, 77:::~: I Birmi:::~:~::::::::::::::l29, 807,64: 1

I Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. ' Not included in report prior to July, 1930. RANGE BOILERS 1

Unfilled orders, end of month

Month Production New orders Delivery Delivery period 30 period days or less more than 30 days ---1----1----1------1930 January .. ___ - __ ----_----- _. _- _- _- --______56, 121 58,644 18,325 13,399 59,902 22,514 MarchFebruary ______------______------_ 47,928 49,638 17,862 13,500 50,000 20,442 50,319 55,008 19, 975 17, 015 49,380 21,381 ApriL------May ______50, 749 46, 756 13,819 15,345 54,582 17,548 43,661 43,183 14,545 14,862 42,940 18,269 June. _____ - _____ -_-_--_-- ____ ------______------______42,723 33,532 8,532 13,497 40,910 20,082 JulY------August______41,573 36,406 6,369 12,380 39,686 21,969 September ____ - ______-----______33,901 36,640 8, 690 11,468 35,231 20,639 October ___ -_-_---_-_----______44,597 45,949 10,290 9, 757 46,060 19, 176 47,718 49,838 8, 969 12, 657 48,259 18,635 November------36,186 33,759 5,108 13, 221 37,056 17, 765 December ______----______------______34,801 37,429 16,410 11,330 28,018 24,548 TotaL ______530,277 526,782 ------532,024 ------

I Compiled by the Department of Commerce, Bureau of the Census, from reports of 13 leading range boiler manufacturers, having a daily productive capacity of 6,960 boilers, the value of whose output represents approximately 80 per cent of the industry. 20

RELATIVE BANK DEBITS AT CLEARING-HOUSE CENTERS 1 GROUPED BY FEDERAL RESERVE DISTRICTS [Table continued on p. !1]

I I BOSTON DISTRICT 11 NEW YORK DI_S_T_R_I_C_T~~~~, ___P_H_I_L_A_D--E-L~-;I_A_D-IS-T;I~~--1

YEAR AND MoNTH Total, 1 - Total,

'iTc~iCL,\1 To;~r-----~------~----: ~ - 11 Boston Hart- Proli• New 7 1 Albany Buflalo Roches- New ; to PhUa- Scran- Tren- : TERS , centers I ford dence Haven centers I ter York , centers delphia ton ton 1 1------:·--~ ------~------'~------!---' ------~~-1 1919 av., mills. dolls.... 37,446 1, 769 1, 245 92 144 72 1 20,9171 87 263 120 I 20, 354 ' 1, 625 1, 373 53 43 i

1919 monthly average.. too. o too. o too. o - too. o too. o too. o I too. o 1 too. o 1 too. o too. o '1 100. o :I 100. o 100. o 100. o 100. o I 1920monthlyaverage__ 106.0 109.2 105.·9 117.4 118.7 118.1 99.4, 111.5 114.8 119.2 98.8 '_ 113.3 112.4 124.5 125.6 I 1921 monthly average__ 88.7 I 102.4 106.7 98.9 93.0 98.6 1 85.21 119.5 'I 92.8 103.3 j 84.8 95.8 93.8 122.7 111.6 : 1922 monthly average__ 97.8 I 105.5 109.3 103.3 95.1 104.2 98.4 119.5 99.6 110. o I 98.2 102.5 101.7 109.4 118.6 I 1923 monthly average__ 103.2 117.1 120.2 119.6 105.5 122.2 1 98.2 118.3 114.8 124.2 97.6 114.3 111.9 139.6 137.2 :_ 1924 monthly average__ 109.5 , 120.9 125.6 131.3 104.4 125.8 108.3 134.8 115.0 129.0 1 107.91 ·116. 8 114.3 142.3 146.5 ! 1925 monthly average__ 126.8 1 136. 7 143.9 141. 7 114.9 134.6 I 128.7 I 147.71 133. 3 144. 3 , 128.3 . 129. 5 128. 1 138. 9 159.6 I 1926 monthly average.. 135.3 I 141.6 157.0 152.31 113.4 139.6 139.0 . 154.0 136.9 146.3 . 138.8 134.6 133. 1 144.2 168.5 I 1927 monthly average.. 150.0 . 158.1 168.9 202.5 113.2 148.6 160. 1 168.3 140.6 152.2 160.3 140.0 138.6 145.5 175.6 , 1928 monthly average.. 179. 5 I 161. 3 169. 1 232.7 115. 5 162. 4 1 203. 7 179.0 I 166.0 157.8 1 204.8 I 156.2 155.8 146. 6 187.4 I 1929monthlyaverage__ 208.2 'I 176.5 184.3 279.41 137.4 173.8 245.4 1 208.0 199.0 164.6 I 246.9 1 171.5 171.5 144.~ 201.6 ' 1930 monthly average__ 147 4 ; 142.4 1 147.8 219.8 110.7 156.8 I 157 5 1 211.9 1 150.1 132.4 I 157.5 , 136.9 135.1 124.2 176 0 II

------+------cc'-'1__ ---;-1 I I 1 ' I

Januar:.~~~------1 221.31 181.3 187.9 295.71143.7 195.811 266.71 186.1 191.2 175.0; 268.8 179.1 178.9 151.0 200.0 1 February------189. 1 'II, 151.2 159. 5 220.7 117.3 144. 5 ;, 225.4 157.4 149.8 141.7 1 227.4 156.1 155.9 137.8 216.3 175.1 177.7 143.4 181.4 178.4 179.9 141.5 193.1 1 1 166.7 167. 1 141.5 183.8 ~t~~~~~~~~~~~~~J ~5~ ~ t~u i~H ~~n mJ t~H ,_~ ~u ~H mJ tin 1 ~H ~~ 177.1 178.7 139.6 193.1 JulY------~ 207.4 1 182.1 189.8 300.0 140.2 180.6 240.8 204.5 211.1 176.71 241.8 I 175.5 175.3 139.6 227.9 August...... 206.7 I 186.7 200.7 287.0 128.4 168.1 1I 239.9 196. 5 226.2 159.2 240.9 154.2 153.2 135.9 186.1 1 154.0 152.5 135.9 190.7 ~"::':~1~r~~~~======l ~g;: ~ : m: ~ gi: g ~i~: ~ I1 i~~:! ~r: ~ I ~~: ~ ~~: i ~~~: ~ i~~: ~ : iii:~ 186.2 185.6 171.7 211.7 November •••.••.•••. .! 219.4 1 186.3 195.1 273.9 152.1 179. 2 I 261.5 191.9 213.3 158.3 i 263.4 180. 1 181.8 152.8 204.7 December••••.•.••.••. ! 178. 3 1 171.4 180. 2 238.1 136.8 161. 1 I 195.3 202.2 li6. 4 155.8 1 195.8 1 175.5 171.1 147.2 230.3 1930 I 1 I 1 January------161.5 Ill 1i2. 4 181.4 254.4 131.9 176.4 ' 170.5 176.9 160.4 151.7 170.6 II 160. 6 159.6 143.4 211.7 February------140. 6 131.7 136.1 203. 3 109. 0 141. 7 152. 7 183.8 143.0 122.5 152.91 137.4 153.8 120.8 216.3

March.------175.6 147.8 150. 3 257. 6 118. 7 175.0 1 199.4 263. 1 161. 2 136.7 200. 2 154.2 153.9 128.3 162.8 ApriL...... 168.2 , 152.5 158.6 248.9 116.6 163.9 ' 189.3 237.8 161.6 140.. 8 1I 189.8 139.9 137.4 130.2 169.8 MaY------165.21147.1 151.8 238.1 113.9 165.3! 184.3 352.7 178.7 138 3 183.81 139.8 138.4 120.8 176.8 June...... 166.5 . 151.7 157.7 235.9 119.4 1•• 6 _~ .: 1, II'· 185.1 258.5 166.5 150.81185.2 146.8 145.8 124.5 169.8 July...... 141.0 140.0 145.9 209.8 101.4 - o 145.9 228.7 146.8 143.3 145.4 131.4 129.1 126.4 172.1 August...... 122.9 117.5 120.6 181.5 92.3 1 4 1 7 123.7 193.0 140.3 116.7 123.1 117.4 114.5 117.0 153.5 September...... 129.9 116.8 117.7 153.6 90.3 147.2 134.6 168.9 134.2 117.5 134 51 119.4 116.8 115. 1 148.9 October...... 145.5! 156.4 165.5, 222.8 114.6 162.51· 151.. 2 174.6 146.4 130.8 151:2 138.2 136.4 128.3 160.5 November.______112 71 131.5 139.0 190.2 114.6 127.8, 110 91 136.7 121.3 106.7,1 110.5 112.1 109.8 113.2 146.5 December______139.2 143.0 143.4: 241.31 105.5 150.0 ,: 142.6[ 167.8 140.3 132.5\ 142.5 145.3 143.4 122.7 223.3 1

ATLANTA DISTRICT I CHICAGO DISTRICT

I 1 YEAR AND MONTH I 'I I I I I ------,------;------;----1-- Total, Bir- New Jack- N h A Total, Ch 1 d Mil· D G d 15 Atlanta ming- Or- son- as " u- 21 i· Detroit In ia_n- wau- I _es ran s I,'}UX centers I , ham leans ville ville gusta centers cago 1 apoiJs ' kee Momes Rapids I City

1919 av., mills. dolls .... ~~- 123~- 59 304 48 9~- ~ 37 4, 2421- 2, 800 525-~ 1361 237~-- 83 __ 75 [_ 63 _ 1919 monthly average_. too.O)loo.olloo.o too.O- 100,0 too.O too.O too.O too.O --.oo:Q --.oo:Qitoo.OI-100, 0 --100.0 lloO. 0- 1920 monthly average_- 115. 1 108.91 128.8 115. 4 125.0 120.4 110. 8 116. 0 113. 0 125. 2 123. 5 I' 124. 0 114. 5 128. 0 109. 5 1921monthlyaverage __ 84.2, 85.4 103.4 82.2 91.7 105.4 64.9 92.0 91.71 91.2 100.0 97.5 84.4 109.3 63.5 1922 monthly average.. 86.0 'I 90. 2 133.9 89. 5 97.9 71. 0 70. 3 96.8 96.2 101.3 104. 41 101. 7 83. 1 81. 3 101. 6 1923 monthly average.. 100.0 108.9 183. 1 97.4 112.5 78.5 83.8 108.8 105.0 125.7 115.4 115.6 97.6 89.3 119.0 1924 monthly average._ 105. 3 I 113. 1 199.3 106. 4 126. 5 79. 2 74.6 110.8 106. 3 130.6 110.9 110. 5 103. 2 89. 2 123.4 1925 monthly average__ 125.0 , 129.2 226.7 118.2 206.2 87.6 78.2 124.9 120.4 158.3 115.4 119.4 89.8 114.1 136.9 1926 monthly average.. 128. 1 ' 132.7 243.8 113.7 232. 6 89. 7 72. 6 132. 0 127. 5 166. 4 135. 2 1 127.3 98. 1 115. 5 129. 1 1927 montl

RELATIVE BANK DEBITS AT CLEARING-HOUSE CENTERS 1--Continued GROUPED BY FEDERAL RESERVE DISTRICT8-Continued [Table continued on p. SS) ------·-----c------CLEVELAND DISTRICT RICHMOND DISTRICT -·---c-----c-~---c----c---~-----,-- --,---~---111 __-,-----c----·--c------.---- 1 1 YEAR AND MONTH Total, 1s Akron c~:;r- Cleve•l Pitts· I· Y'ngs-~ T~ledo IColum- Dayton II To~al, Balti-1 Norfolk Rich- G~een- centers land burgh town , bus centers more mond V1IIe' 1 ---~- --~---.' ' -,------I 1 1·------· --

1919 average millions of dollars... 1, 96:._ ~ 247 I 653 I 746 60 f 116 I 116 50 Ill 718 404 84 16 =-37 1919 monthly average...... 100. o too. o 100. o I too. o I too. o too. o I too. 0 i too. o 100.0 100. o 100. o too. o too. 0 100. o 1920 monthly average...... 16.4 115.6 113. 0 ll5. 9 118. 5 110.0 117.2 1 111. 2 104.0 1 Ill. 8 115. 6 102.3 108. 7 102.7 1921 monthly average...... 89.611 63.3 107. 7 81.9 , 94.9 78.3 100.0 102.6 110.0 I 95. 5 104.9 71.4 98.3 67.6 1922monthlyaverage...... 94.6 63.3 117.4 84.11 97.2 83.3 123.8 112.1 112.0 89.6 89.1 78.5 100.9 67.6 1923 monthly average...... 110.9 80. 0 133. 6 99. 2 112. 7 103. 4 153.5 128.5 138.0 98.6 93.3 88. 1 112.9 78.4 1924 monthly average...... 109.4 81.4 128.0 96.81 113. 2 101.6 155. 7 116.0 136. 0 I 96.3 93.4 82. 2 109.1 69.4 1925monthlyaverage...... 122.0 I 100.0 142.7,1 106.6 126.4 117.0,1 179.2 126.9 156.0 I 106.7 104.6 85.8 122.9 73.0 1926 monthly average...... 127. 4) 104.5 150.3 ll5. 9 I 126.7 118.0 I 189.5 138.3 176.5 1, 108.4 107.4 94.2 121.5 76.2 1927 monthly average...... 136. 6 112. 9 167.2 124.9 137. 1 118.51 205.2 144.8 188.8 107. 1 104.2 89. 0 120. 2 75.0 1928 monthly average ••..••••••••! 141.4 124.5 181. 2 130. 0 1 136. 1 124.1 241.0 . 148. a· 194.5 I' 105.4 102.0 85.4 123. 6 64.2 1929 monthly average...... 152.9 133. 7 184.8 145.91 150.9 137. 4 198. 9 ! 166. 6 216. 2 II 108.9 107.6 83.5 127.41 61.3 1930monthlyaverage______132.4 108.4 153.4 126.1 133.3 113.01 157.3: 158.3 177.7 ,i 103.3 106.6 73.5l 118.9. 49 3 1 ------1929 I 154) I I 244.0 I [] I I I ~~{ci~~==::::::::::::::::::::::l ~~~:8 ~~~:iII mJ HH II HU HH gn I HU ~iH ii ~~u I ~~J II ~H m:~ I ~:~ April •...... •..••.••...•..••.. 158.5 140.0 201.2 153.1 154.0 138.4 219.0 ! 173.3 216.0 :1 110.3 ] 109.1 80.9 121.6 59.5

May...... 145.7 134.. 4 I 172.5 135.8 147.7 120.0 185_. 4 i 159. 5 198. 0 11 104. 9 1 101.2 82.1 115. 5 59.5 June...... 148.1 136 7 179.0 141.3 143.6 143.4 190 5 1 163.8 214.0 II 105.0 1 106.91 80.9 117.2 56.8 July...... 1 165.4 148.91 184.6 151.11 167.9 151.7 219.8 I 175.0 ~g:g !] 109.11111.6 83.3 123.3 1 56.8

te!~t;r~~r~-::::::::::::::::::::::1 H&:! m:g I ~t~ m:! I H!:g m:& m:~ I ~~~:~ ~~6:3 ii ~g!:~ H~:g I Ig:g ~~:~ li ~n 9 3 112 ~~~::~:::~=====::::::::::::::::1.. ~g~: ~ g~: i 1 r~~: ~ {~~: ~ 1 m: z m: ~ ~~4 · 8 1 ~~~ ~ ~i~ &~~ 110. ~ I {5~: ~ 1 ~u {~U , ~~: ~ 1930 i I I . i I: . I I I January·······················--~· 144.0 125.5 I 183.4 141.8 ] 131.6 135.0 184.51 167.2 228.0 :I 108. 7 i 107.7 I 80.9 126.7 I 73.0 February...... 118.4 100.. 0 1 133.6 110.41 116.7 100.0 148.. 3 I 139. 7 176.0 :. 91.1 I 92.1 I 70.2 105. 21 54.1 March...... 135.9 112 2 146.6 131. 5 135. 5 113.4 157 8 162.1 190.0 106.4 113.4 77.4 112.9 54.1 51.4 51.4 43.2 40.5 i:.~~~~m~~=:=~:=~:~~==m:~:l 1~1 ~~~ 11 ~~~ 11 1~1 1~!i ill! 111 ~~~ ~· !H fiH 43.2 !' i! 1 September•••••.•...•.•.....•...• 123. 5 104.4 134.0 113.0 128.1 106.7 135.3 149.1 166.0 :] 98.6 101.5 64.3 126.7 40.5 October...... 135.2 104.4 149.8 132.7 135.2 115.0 155.21 166.4 170.0 112.1 115.1 75.0 135.3 48.7 November...... ------· 110.6 87.8 133.6 105.8 110.1 90.0 129.3 146.6 132.0 I]1 97.4 100.0 64.3 119.8 46.0 December ... ------· 142.8 106.7 176.9 145.1 139.5 103.4 181.9. 168.1 160.0, 112.81 113.6 I1 84.5 134.5 46.0 I li I I DALLAS DISTRICT ST. LOUIS DISTRICT II MINNEAPOLIS DISTRICT ---,------,-----1 ~~-,1----,-----'---,---1 ----;---;---1 -,--1 - YEAR AND MONTH Tottla'1 Hous- Fort Sum-mary Louis- St. I1 Mem- Little 'I Total, I IMinne- St. .. Dallas ton I Worth for 5 ville Louis I phis Rock 9 Duluth apolis Paul Helena 8 •IImgs centers I centers centers I 1 1 I ' I I ---·------!------~-- -~~--1----1 ------·--~------1919 av., mill. dolls.... 521 161 138 92 965 156 6171 136 36 659 90 ] 3541 162 11 9 I I I[ i 1 1919 monthly average.. 100.0 I 100. 0 100. 0 100. 0 100. 0 100.0 too. 0 I 100.0 I too. 0 ~~ 100.0 j 100.0 I 100. 0 I 100. 0 I 100.0 100.0 1 1920 monthly average.. 117.4 114.3 115. 2 119.6 105.4 92. 3 106. 5 107.4 125.0 108. 5 1 120.0 • 109. 6 98. 2 100.0 111.1 I 1 1921 monthly average.. 94. 2 90.7 86.2 109.8 1 89.0 82.0 91.9 73. 5 1 116. 7 82.71 84. 4 ' 84. 2 75.3 100.0 88.9 1922 monthly average__ 97.9 96.9 81.2 119.6 1 94.5 87.8 1 94. 2 87. 5 127.8 I 88.0 82.2 I 85.0 97. 51 90.9 77.8 1923 monthly average.. 101.3 107.5 89.0 93.51 110.4 101.9 108.4 1 106.6 169. 5 94. 8 • 85.5 ' 91. 51 106.8 81.8 88.9 1924 monthly average.. 101.5 112.7 91.2 78.0 110. 6 106.7 108. 21101. 1 186. 1 I' 104. 2 ! 117.7 I 103.8 101.6 85. 61 78.7 1925 monthly average.. 112.4 130.8 103. 6 82. 4 124. 2 120.8 120. 8 111. 7 204.9 114.3 1 118.2 1 119.4 104.7 85.6 84.3 1926 monthly average.. 119.1 131. 5 126.0 92.1 127.3 128.7 122. 7 111. 5 226.4 . 104.9 1 88.3 · 110.3 102. 2 82.6 I 88. o 1927 monthly average.. 124.5 135. 6 131.91103. 2 127.4 123.6 120. 9 119.6 220.8 I 110.0 I 103.0 I 113. 9 106.7 1 83.3 92. 6 1928monthlyaverage.. 134.6 148.5 140.1 115.8 1 133.8 131.3 129.0 117.0 230.41 117.5 101.3 1 124.6 110.61 87.9l· 110.2 1929 monthly average.. 147.1 162. 2 153. 2 124.71 137.5 134.8 132.9 I 134.6 208.6 I' 128.2 101.1 1 141.5 116.3 93.9 . 111.1 1930 monthly average.. 124.7 136.8 134 .. 2 96.5 114.5 116.7 112. 71 104.4 166.7 109.5 81.9 1 119.6 104.9 80.4 1 89.9 I I, I

Januar/~~~------~ 154.71 178.3 149.31 132.6 146.811 150.6 137.5 144.91 2.16.1 113.0 :1 74.4 122.3 113.0 90.9 100.0 February.. --······----~ 131.8 146.0 136.2 104.4 125.6 133.3 ll7.2 120.6 200.0 100.0 66.7 107.4 103.1 72.7 77.8 March ...... •.•..•. 147.6 168.3 152.9 ' 1l7. 4 140.7 136.5 133.2 136.0 238.9 113.0 ' 75.5 120.9 117.3 81.8 100.0 April. ...•.•...•.•••.•. 142.2 154.0 145.6 120.7 134. 6 ~ 127. 6 131.5 121. 3 225. o 112. o I 77. 8 119.8 111.1 100.0 100.0 May··········-········ 140.3 145.3 157. 2 n5. 2 132. 1 1 136. 5 128. 2 114. 1 216.1 116. 1 91. 1 126.8 105.6 81.8 111.1 June.••..••.•••••••. --- 129.3 134.8 136.9 ll5. 2 141.21 135.3 145.7 108.1 191.7 120.0 97. 8 130.0 111.7 81.8 100.0 July.•.••..••.•.••••.• .\ 139.9 139. 1 154.8 117.3 100.0 111.1 August...... ••...•.... 138.7 147.8 m:~ ~i;:~ g~:~ gg:f g~:~ ~?~:~ m:{ n~:~ 1 m:~ 171.8 120.4 100.0 111.1 September.•••..••••.•. 150.3 165.8 160.9 118.5 134.0 I 128.8 125.6 141.2 258.4 147.81 127.8 169.8 116.1 100.0 122.2 October ...•...••..•..• 179.4 208.1 188.4 142.4 157.6 153. 2 147.5 202. 2 175.0 154. 0 I 125. 5 172.3 130.3 109.1 166.7 November .••..•.•••••. 155.8 175.8 161.6 131.5 139.0 136.5 131.5 165.4 172.2 g~:~ i 116.7 151.7 124.7 109.1 122.2 December ..••••••..... 154.91 182.6 148. 5 133. 7 i 134.7 I 117. 9 133. 9 147.8 166. 7 I 105. 5 150.0 124.7 100.0 111. 1 1930

January ••.•..•...•.••• 142.2 155.3 149. 3 110. 9 ,I 132. 71 127.6 129.0 130.1 225.0 113. 91 71.1 128.0 111.1 81.8 88.9 February..••••••••••.. 124.0 131.1 130. 4 98. 9 1os. 8 109.6 104.1 107.4 188.9 100. 1 1 66.7 111.9 99.4 72.7 77.8 March•...•.....•..•.•• 140.9 173.9 134. 8 105. 4 1 123. 1 116.0 119.3 119.9 222.2 110. 7 1 76.7 120.3 112.3 72.7 88.9 April. .•••••.•.••.••••• 130.7 147.8 132. 6 103. 3 I 120. 1 114.1 118.7 105.1 211.1 110. 7 I 68.9 123. 7 107.4 90.9 88.9 May •.•••.•.•••••••..• 123.4 127.3 136. 9 97. 8 I 127. 5 122.4 129.8 103.7 197.2 108. 6 80.0 119.5 103.1 72.7 90.0 June..••..••.•.•••.•..• 118.6 119.9 131. 9 76. 7 126. 9 129.5 128.9 97.1 180.6 109. 711 82.2 118.4 108.0 81.8 88.9 Jnly..••.•...•.•...•••• 115.1 117.4 126. 1 97. 8 14.8 116.0 ll4. 1 90.4 97.2 103.0 67.8 12.4 101.9 100.0 88.9 August. ···············1 111.7 118.6 3 113.5 100.5 82.4 172.2 87.8 126.3 93.8 92.7 77.8 September•.•.. _...••.• 123.4 137.9 g~: ~ ~~· ~ I ~3 · ~ I 131.4 100.0 93.4 113.9 m: i 111.1 126.8 101.9 72.7 88.9 October._ •...... • 133.2 152. 2 126.9 110.6 122.1 111.1 96.7 124.0 105.6 81.8 100.0 144.2 102: 211': 11g: 21 115.4 I' November______---·-· 108.21 118.0 118. 8 85. 9 1I 96. 1 100.0 92.7 105. 9 91.7 102. 1 86.7 107.9 98.8 81.8 100.0 December .. ------·-·-· 124.5 141.6 140.6 92.4 : wo. 1 93.6 105.2 94.9 88.9 nt.o I 87.8 115.8 115.4 82.7 100.0 1 I I See footnotes on p. 22. 22

RELATIVE BANK DEBITS AT CLEARING-HOUSE CENTERS 1-Continued

GROUPED BY FEDERAL RESERVE DISTRICTS-Continued

KANSAS CITY DISTRICT SAN FRANCISCO DISTRICT I

YEAR AND MONTH Oak- Total, I Kansas I I St. I Okla- Total, 0 I Port- San I 1~ 1 Denver City, Omaha Joseph, homa Tulsa 18 A.!'ge\es I land, Fran- Seattle land, eenters Mo. Mo. City eenters Oreg. elseo Calif. ______) ______I__ ----

1919 average, millions of dolls. 1, 231 I 146 413 2641 85[ 68 94 I 1, 909 314 1 181 760 206 ! 63

1919 monthly average...... 100.0 100.0 I 100.0 100.0 100.0 100.0 100.0 i 100.0 100.0 1 100.0 100.0 ----.oo:o-==1=00=.=0=! 1920montblyaverage•••••... 109.8 139.7 94.9 95.5 I 97.6 I 153.0 131.9 123.2 139.2 108.8 124.6 96.1 160.3 1921montblyaverage...... 82.0 98.6 74.6 67.4 81.1 129.4 88.3 104.4 143.0 1 82.3 101.9 67.0 128.5 1922 monthly average_------84. 2 102. 7 74. 3 73. 1 69. 4 119. 2 105.3 1 107.2 165.0 • 76. 2 94.8 73.3 144.4 1923monthlyaverage...... 90.6 111.6 84.3 77.7 72.91 114.7 104.3 126.3 223.6 86.2 104.0 83.0: 192.0 1924 monthly average...... 85.7 112.9 81.4 69.7 71.61 112.1 89.5 128.9 236. 7 89.4 107.1 87.7 : 196. a 1925monthlyaverage...... 95.5 121.5 90.1 76.9 72.7. 127.4 112.6 1 142.9 1 251.1 92.0 126.1 98.0 227.3 1926 monthly average ••• ----- 100.4 123. 2 93.4 75.4 73.4 I 139. 1 136.0 i 155.7 278. 1 1, 101.0 138. 2 103. 2 273.0 1927monthlyaverage .••••.•• 102.31 120.41 93.8 76.0 66.91 154.6 139.2 172.3 297.21 94.2 165.0 105.8 1 356.7 1928monthlyaverage...... 108.9 125.4 102.4 82.1 70.0 I 167.1 147.0. 198.7 342.71 101.4 201.6 119.7 3~9.1 1929 monthly average______120.5 138.9 115.0 87.4 68.9 I 192.3 177.0 i 203.7 388.1 109.1 186.3 133.3 376.5 1930monthlyaverage______106.8 117.4' 100.6 79.2 55.3 I 180.8 156.8 1 174.3 318.2 I 97.5 165.1 113.9 306.6 1 I i 1929 1 I 117. 1 136.3 107.31 84. 1 74.1 : 185.3 i 184.1 209.4 404.2 101.1 189.1 133.0 407.9 ~"e'b~~Y::::::::::::::::::::I 102.3 118.5 94.4 75.8 61.2 • 147.9 187.4 371.4 97.2 172.3 112. 1 349.1 March.------.•...•••.•.•.• __ 117.9 148.6 111.6 ' 89.4 69.4' mJI 159.6 223.3 435.1 110.5 210.6 140.3 417.4 116.0 I April •••• ------­ 145.2 104.81' 86.0 68.2 : 185.3 172.4 191.5 383.8 98.3 164.0 128.6 366.6 May-····-·················-­ 112.7 135.6 105.3 83.0 65.9 : 186.81 161.7 197.7 394.9 111.6 174.0 125.7 372.9 June .•..•.•.••••••••.•.•.•••• 115.3 133.6 110.4 83.7 65.9 : 183.9 169.2 190.3 365.0 105.0 167.4 125.7 385.6 Jnly .•••••..•.•••••••.••••••• 140.4 137.7 145.3 96.6 78.8 216.2 I 202.2 196.7 365.0 108.8 175.9 138.3 385.6 August__ ••••..•.••••.•.•.•.• 128.1 149.3 127.1 ' 98.1 76.4 170.2 208.3 393.3 115.5 191.0 141.7 382.5 September •••.... ------­ 116.7 130.1 112.6 87.5 65.9; ~~~J I 173.4 197.3 366.3 114.9 184.2 133.0 325.3 October------~ 135.8 166.4 129.5 98.1 71.7 : 216.21 197.9 241.6 433.2 121.0 244.8 159.7 388.8 November .••••••.••.••..••.• 124.5 139.7 118.1 85.2 62.3 ' 208.9 190.5 209.8 394.0 121.6 191.2 140.3 358.7 December••••••.•...•.•.•.•.• 119.8 125.3 113.1 81.1 67.0 201.5 194.7 191.2 351.0 103.9 171.3 121.4 377.7 1 1930 I January ••••.•.•..•••••• ------~· 114.5 121.9 103.9 I 84.9 68.2 i 208.9 174.5 186.9 352.9 96.7 170.3 122.3 319.0 February•..••.•..•.••.••••••• 99.3 107.5 90.3 77.3 56.4 ; 170.6 143.6 161.9 308.6 82.9 150.4 105.8 269.8 March •••..• _•••...•.••.•.••• 109.5 123.3 101.7 85.6 191.2 157.5 198.2 346.5 100.0 201.5 126.7 353.9 1 57.6 ' ApriL••..•.....•.•••• ------~ 106.8 124.7 99.7 79.9 56.4 ' 179.5 158.5 183.0 344.0 98.3 171.2 123.3 301.5 May•..•.••••••....•••••.•••• 107.2 119.2 98.8 81.1 56.4 189.8 161.7 181.7 348.1 122.2 166.9 114.1 309.5 June ••••.••••••..•.••.••••••. 107.7 114.4 101.\l 79.2 52.9 183.9 171.3 178.9 326.5 98.9 170.3 120.9 306.3 July •••••.••.••.••....••••••• 113.4 113.0 111.9 81.1 55.3 192.7 158.5 172.9 321.7 93.4 162.3 106.8 306.3 104.8 114.4 100.2 81.4 54.1 164.8 153.2 166.4 298.1 92.3 165.3 106.3 274.6 t~Jt':"her~====::::::::::::::l 104.1 116.4 99.3 78.4 54.1 167.7 150.0 161.1 288.2 100.0 151.3 110.2 277.7 October------~ 112.7 127.4 108.5 80.3 52.9 197.1 157.5 178.3 326.1 101.7 167.8 118.4 323.7 November ___ ------95.8 1130 89.8 65.9 148.6 135.1 151.1 255.1 95.6 144.5 99.0 284.1 December.------~ 105.3 113.7 101.21 75.0 ~i: ~ i 175.0 160.7 171.1 302.3 88.4 159.6 112.6 352.3 I

DISTRICT TOTALs-SEASONAL VARIATIONS ELIMINATED

-- ·---~------~------.-.~------;------;---·.------·------c----:--·-----;---'------,----,.-----1

U.S. II Boston I New I Phila- Cleve- Rleh- Atlanta Chicago St. Mlnne-1 Kansas YEAR AND MONTH total York delphia land mond Lonls apolis City 1------'------~ ---~--~ ~-- ---· ·-----~------~------1~---1 1919 monthly average .•••••.• 100.0 il 100.0 100.0 i 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1920 monthly average .•••.•.. 106. 0 I 109. 5 99. 3 I 105.1 I 116. 4 112. 1 115.1 116.1 105.5 108.5 109.8 118.0 123.4 1921 monthly average ...•.•.. 88. 1 • 101. 9 85. 1 . 95. 9 s9. 8 97. 6 84.4 92.0 89.1 82.9 82.1 94.3 105.4

1922 monthly average ...•.•.. 97. 811 10s. 4 98. 5 1 102. 5 94. 5 89. 5 85.9 96.8 94.2 87.9 84.1 97.9 107.1 1923 monthly average .••••••• 103.3 1 117. 1 98.0 i 114.4 111. 1 98. 8 99.9 109.0 110.3 95.0 89.7 101. 1 126.4 1924 monthly average .•.•.•.. 105.3 110.8 110.5 103.1 87.0 101.2 129.4 1 1925 monthly average .•.•.•.. ~~: ~ m: ~ ~~u 1 gg:: ~g~: s 1~gj 124.8 123.8 124.1 114.4 95.4 112.4 142.9 1926 monthly average ______135.41 146. o 139. o 1 132. 1 121.4 1o8. 5 128.4 132.1 127.3 105.3 100.3 119.4 156.2 1927 monthly average .•••••.• 150.0 . 158. 1 160.2 140.0 136.7 107.3 124.1 137.9 127.3 102.1 124.5 172.4 1928 monthly average ______179. 1 161.3 203. 1 155.9 141.3 105. 6 123.2 155.1 133.3 117.3109.51 108.5 134. 51 199. 7 1929 monthly average....•.... 208.8 I 177.1 246.5 1. 171. 7 154.0 109.1 I 128.5 174.8 137.6 128.2 120.4 147.5 204.2 1930 monthly average ______147.7 I 142.4 157.8 I 137.1 132. 7 103.4 ' 107.5 142.4 114.9 110.3 106.8 125.8 175.0 1 ' i l I i 1 January---~-~~~ •••..•••••• -.I 212.0 170.7 II 252.81 175.21 148. 1 I 109.3 132.4 170.6 136.8 112.3 113.2 144.4 I 211.3 February.------219.9 175.8 263.6 181.9 160.8 112.5 135.4 175.6 139.1 125.9 116.5 149.6 223.6 March ••••••...•.•..• ------•• 220.8 171.9 . 265.5 174.6 152.7 112.2 133.2 176.4 140.1 120.5 115.5 151.1 218.3 1 April.•....•...... •.• -·· •.•.. 204.4 171.1 I 183.0 ' 159.81 117.3 139.1 168.3 140.1 119.3 121.1 157.0 200.5 168.2 I 237.21 May------·············· 204.3 239.6 168.2 II 150.4 108.7 130.7 167.8 134.8 121.3 114.2 150.9 204.7 June ••••.••. ------·-·-----­ 180.0 156.2 203.0 168.3 142.3 102.3 124.6 160.0 139.9 122.3 115.5 138.0 191.8 July------······ .••.•..... -- 209.3 180.1 244.5 1 174.51 160.3 108.4 133.6 176.1 140.8 145.7 140.0 156.1 199.1 August ..•.•...• -.. --..•. --.-­ 224.4 211.9 267.1 I 162.7 16u. o 1 117.5 134.-6 192.6 138.7 156.9 125.5 154.3 214.5 September •••••••...•...•.... 218.3 192.0 265.9 I 159.3 158.1 I 106.3 121.9 182.1 141.1 133.8 115.2 145.2 195.3 October __ ..•••••••••.••.•.•.. 239.0 199.5 291.1 I 175.5 1 166.2! 110.9 128.0 195.5 143.9 130.1 128.1 152.4 221.9 November ••• ------__ •••. __ 21.5.0 I 176.6 2.15.4 182.51' 156.0 i 107.6 116.5 182.6 136.4 128.5 125.0 140.9 201.9 December___ ..•••.•.. ------158. 1 i 151.4 171.9 1 155. 3 133.2 i 96.4 112.6 149.6 119.8 121.6 115.5 130.8 167.4

1930 I I 154.71 162.3 ~~~ 157.1 138.3 li 104.8 120.3 152.0 123.7 113.2 132.8 188.6 ~~b~~y--·.:::::::::::::::::::1 163.5 153.1 m:g! 160. 1 136.4 106.3 122.5 148.2 120.5 126.8 110.71113.1 140.7 193.2 March .•• _....•••.•.• --•.•.•. 173.7 148.2 1 196.1 I 153.7 138.4 I 110.1 114.2 153.0 122.6 118.0 107.2 144.2 193.7 ApriL ••• __ •.•.•••••••.•.•.•.. 172.2 157.2 1 191.6 143.5 140.3 i 112.0 119.3 ' 157.5 125.0 117.9 111.5 I 144.3 191.6 May_·········------•••..••• 165.0 147.8 1 180.7 I 141.1 144.0 I 111.3 114.5 i 1M.7 130.1 113.5 108.6 l 132.7 188.1 J nne--••.•. -.-....•.• ------­ 161.0 145.91 177. 3 i 139.5 140.5 100.8 104.2 I 154.5 125.8 111.8 101.9 I 126.6 180.3 July•••••...... •••..•.•.•.••. 142.3 138. 5 148. 1 I 130.6 136.4 102.6 104.3 i 142.8 118.1 108.2 113.1 i 128.5 175.0 August. .•. ------__ _ 133.4 133.4 137.8 123.8 121.8 1 95.6 135.3 113.3 115.7 124.2 171.4 September .• ------­ 136. 7 145.4 123.5 126.81 103.2 ~8~: ~ i 134.1 110.7 106.0 119.2 159.5 136.2 143.5128.51 130.3 131.9 103.1 133.0 105.2 97.5 106.3 I' 163.7 October------···············- 142.51 102.3 ' }8~J 113.21 November ...... 110.5 124.6 108.3 113.6 113.41 93.5 88.3 I 116.9 94.3 94.8 96.2 97.8 145.3 December .. ------123.4 126.3 125.5 128.6 124.3 98.0 95.21 126.8 89.6 100.0 101.5 105.2 149.8 I • Compiled from data collected by the Federal Reserve Board, this table supplements similar data published In Nos. 26, 35, 56, 62, 67, 75, and 87 of this publication. The district total table represents the data of 1411dentical centers. J Greenville, S.C., substituted for Charleston, S. C., since May, 1928. 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 (August, 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 explanations. Data on stocks, unfilled orders, etc., are given as of the end of the month referred to.

The cumulatives shown are through j 1l CUMULATIVE TOTAL FROM JAN 1929 II 1928 December, except where otherwise 1930 I jl 'I~ __I THROUGH DEC. 31 __ .. _ noted. Earlier data for items 1------.---~---1----c-----.------· ----~-·- shown here may be found on pages N 1 27 to 139 of the August, 1930, October Novem- Decem- 1' October I ovem- Decem-~ I October I Novem-~ Decem- I 1930 19'>9 1928 ber ber ber ber ber ber I ~ "Survey" TE:::~ES ~------~----~---~ ---~---~---~ _ :~--~------

Receipts at Boston: I 1·1 I :I TotaL ..• -----~--~~-----thous. oflbs~- 12,739 6, 240 11,5741 12,148 12,714 15,2721 8, 090 12,746 14, 524! 312,671 304,499 300,892 Domestic .•. ------~-thous. oflbs.. 10,494 4, 576 7, 5741 6, 931 8, 299 9, 3441 4, 598 9, 322 7, 293 246,184 206,047 210,521 Foreign .•••• ------~-thous. oflbs.. 2,245 1,664 4,ooo 5,217 4,415 5,9281 3,492 3,424 7,231',·[' 66,487 98,452 90,371 Imports: 1 1 In condition imported ... thous. of lbs .. 8, 994 8, 546 lu, 920 . 19, 463[ 19,510 20,246 20,730 15,462 20,3731 163,529 280,362 244,553 Consumption by textile mills, 1 I i grease equivalent..~------thous. of lbs.• l 40,975 31,237 30, 007,, 59,3521 46,694 37,802, 51,477 50,079 45,888 430,104 585,558 538,354 1 1 Ma'£:~~~~~ctivity, hourly: I ,I !1 Wide .. ~~--Per ct. of hours active .. , 47 47 46! 65l 59 5411 67 70 691----~~------~------~:;~~tandper ct. of hours active .. l 44 37 261 66 65 53 I 66 66 55r··------~-~-~------

rug .. --~-Per ct. of hours active .. j 38 38 29: i1 65 55,] 67 68 62 ---~--~--- --~--~~--- -~~------1 65 ~~t~£;~~-~~~~::g~~ ~t ~~ ~~~~~ :~~~~::: ?! 1 so ~~~~ ~r ~~ ~~~~~~ ~~r,, ~il ~: 1::::::::::1:::::::::: :::::::::: Spinning spindles- 1 1 ;~~~~~ci:::g:~ ~t ~} ~~~~~ ~~~l~::: 5362j ~~ §gl ~~ ~; ~~ 1 ~~~ ~~~1 ~~ 1:::::::::: :::::::::: :::::::::_ Prices: 1 1 1 Raw, territory, fine, I1 , i scoured .•...... dolls, per lb_ . 751 • 72 . 72 . 90 . 88 . 841 l.lOji 1.12,1 1.14 1...... ------~------~-- Raw, Ohio and Pa, 1 ~:~::.~~~~~~-~~~~~~li~ns. per lb.. . 30 . 29 . 27 . 43 . 43 . 41 . 54 • 551 . 55 ------~------

5~~q~~~f:~~~~~~s:t{fflif~~r;~~~ 1~~; 1~~~; 1~~~; 1~~; 1~~~; 1~~~;11 2~~~; 2~~~~ 2~~ ~~~~~~~~~: ~;;~~;;;;; ;;;;;;;;;;

Production, crop of bales .. ' 14,243 3 14, 14,478 ------~;i:::_thous. ~-----~------~~ ------~-----~-~-- 825~----~------1 •6 '----~-----'------~ ~~~i~fssiilt(;sight~:::::J~~~: ~} ~:l:~:: --~-T67ii ·····2;749 ' 1i: g~~ --···Ti82 ----,2;66i 'l~: g~ -----3;983 ----·2;9421 1 ~: ~~~ ----i4;ii3 ----i5;935 ----i5;536 Imports, unmanufactured. -~------bales.. 1, 747 3, 409 4, 461 19,815 35,502 36,1901 27,840 40,2911 39,630 256,745 446,551 344,074 Exports, unmanufactured (except 1 I lintersJ.~~--~~~---~------bales~~ 1,004,120 907,649 765,835 1,251,300 1,048,760 910,321 1,240,7021. 1,427,772; 1,057,075 6,475,131 7,417,734 8,543,955 Consumption by textile mills...... bales~- 444,494 414,887 406,207 639,759 541, 153 '452, 685· 616,238 611,1731 533,301 5, 383,574 7, 049,891 6, 572,070 Stocks, domestic, end of month: 11 1 1 1 T~~~l:~-~i~~~~~~-·~-~~~~~~~:, of bales.. 8, 895 9, 96.5 10,037 6, 652 7, 468 '7, 7401 1 5,828 6, 791! 6, 971 •••••••••• ------~------Mills... ~-~~------thous. of bales.. 1, 353 1, 567 1, 659 1, 356 1, 655 '1, 8411 1,196 1, 5671 1, 7341 .••• ~------~------Warehouses.~-~~------thous. of bales.. 7, 542 8, 398 8, 378 5, 296 5, 813 • 5, 899 4, 632 5, 2241 5, 2371------

Stocks, world visible, end of month: 1 I

TotaL ...... •...... ~thous. of bales.. 8, 413 1 9, 437 9, 897 6, 677' 7, 453 8, 0981 6,198 7,130 7, 766~'-~------American.~-----~-~~--thous. of bales.. 6, 6171 7, 676 7, 841 4, 982 5, 644 5, 960,:1 4, 645 5,488 5, 900 ------~------Machinery activity of spindles: I I' I Active spindles.. -----~----thonsands.. 26,154 25,858 25,526 30,107 29,740 • 29,0471 30,302 30,596 30, 654 •.•...•... ------~-~------Total activity ~-~----millions of hours~- 6, 239 5, 832 5, 916 • 9, 006 6 7, 821 6, 7681, 8, 698 8, 518 7, 698 1,-~------Activity per spindle..•...... hours.. 184 173 176 6 259 6 227 19611 246 241 2191------~-~------Ratio to capacitY.-----~-----Per cent.. 77.1 80.1 76. 1 108.8 100.7 88. o,, 103.5 107.4, 98. 3 1______-~----~--- --~----~-- Prices: 1 1 To producer ~~~~----~~~~-dolls. per lb.. . 092 . 096 . 087 .175 .162 .1601! .181 .178j . 180 1:------~-- In New York, middling.. dolls. per lb.. .107 .110 .101 .186 .175 .173 1 .1961 .199; . 205 ~-~------~------

i I ~~ 1 I I Carded sales yarn: I Production ______~-~--thous. of lbs .• 15,4941 11,787 9,582 18,199 22,013 Stocks, end of month ... ~thous. of.lbs .. 12,548 12,548 13,531 7,173 7, 842 Unfilled orders, end ofmo.thous. oflbs .. 37,854 38,926 38,920 40,749 37,785 Prices: 22/1 cones, Boston ...... dolls per lb .. . 235 . 254 . 247 .359 .346 :~;11 l~l-'"·; ;~,~-"·-~ 40/1s. southern spinning.dolls per lb~~ . 413 . 405 . 390 . 503 . 491 Cotton Goods ri I I

Cotton textiles: 1 Prodnction ... ----~--~--thous. of yds~~ 228,866 206,633 234,052 283,064 345, 146 243, 7351. 279, 20712. 819, 723 3, 527, 382 3, 563, 096 New orders.-----~- ..... thous. of yds~­ 335,801 183,067 182,656 222,196 222,911 302,934 225, 1s9 I 2, 774, 112 3, 420, 269 3, 589, 989 Shipments ... ------~--thous. of yds .. 270,383 200,661 226,951 265,450 276.377 214, 148 276,098 2, 916, 774 3, 458, 11 23, 507,854 Stocks, end of month ...thous. of yds~~ 350,889 356,861 363,962 362, 6o7 431,426 461,0131 391,743 1-----~---- -~-~--~~~- ---~~~~~- Unfilled orders, end of mo.thous.of yds~~ 350,845 333, 251 288,956 395,698 342,232 Cotton cloth: 43:· :~:I 46:: =~ ~----~~~~~~ ----~~~~~; ----~~~~ Imports.--~------thous. of sq. yds .. 1, 976 1, 763 1, 658 5, 936 5,080 5 Exports.--~--~----~-thous. of sq. yds .. 34,804 29,273 29,388 43,709 35,720 Fabric for tire manufacture: ~~~ ~~~ ~w ~m •m Consumption~----~-~--- .thous. of lbs .. 11,780 8,418 8,358 13,707 10, 269 8, 67711 15, 3i3 158,812 208,676 222, 245 Elastic webbing, shipments.thous.of dolls~­ 1, 35ti 1,000 921 1,600 1, 413 1, 14911 1, 260 I H, 869 18, 154 16, 725 Prices: Print cloth, 64 x 60 ... ~-.dolls. per yd.~ . 055 . 057 . 053 . 078 . 076 .069f! .078 ------~-----~--~ ~~~------Sheeting, brown.----~-~-dolls. per yd .. . 066 .066 .065 .087 .087 . 0841 . 091 ~~-----~------~~------Fairchild's Index Cotton goods ...... rel. to 1911-1913 .. 1 124 124 1221 160 159 154,1 165 :-----~~~·- -~--~--~-- ~------2 As of Dec. 1. 3 Final estimate for l929. • Final estimate for 1928. 6 As of Jan. 16. • Revised. 24

TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through I I CUMULATIVE TOTAL FROM JAN. December, except where otherwise 1930 1929 1928 I 1 THROUGH DEC. 31 noted. Earlier data for items 1------,-----,-----1 ----.------,------1 ------,----.------shown here may be found on pages Novem- Decem- b Novem· Decem- N De em 27 to 139 of the August, 1930, October ber ber Octo er I ber ber October be~m· I b~r • 1930 I 1929 1928 "Surv=~~TILES-Continued ·------~~~------~---~---~--- Cotton Finishing I I White, dyed, and printed (outside mills): i I ] Billings, finished goods ___ thous. of yds.... 53,003 40,249 47, 566 81, 5491 133,663 61,816 83,935 82, 700• 79, 112l 630, 484 1l 957, 538 901, 194 New orders, gray yard- I I age ______.,_thous.ofyds__ 47,133 38,541 39,749 78,806 57,971 54,172 87,175 82,657 74,417i 574,6381 902,376 891,586 1 Shipments, finished goods ______cases.... 29, 260 23, 743 23, 8881 46, 173 1 38, 616 36, 521 50,984 49, 136 47, 587 385,851 584, 593 558, 750 Stocks, finished goods, end mo .. cases__ 22,392 21,803 23,593 37 635, 37,63! 38.220 32,046 36,5661 38,678,,1 ______1[------__ _ Operat.ing activity_per ct. of capacity__ 48 44 40 ' o5[ 551 · 50 66 6.5 6. 2·.1---_-_-_-_-_-_-_-_-_ -_-_-_-_-_-_-_-_-_-_ -_-_-_ Unfilled orders. end of month ... days__ 2.1 2. 5 2. 6 3. 91 3. 81 3. 6 6. 0 5 5 5 61 11 Printed only (mills and outside): I I I ~rodnction ______thous. of yds .. _ 69, 764 62, 005 70, 301 82, 724 64, 727 57, 548 77, 320 76, 289 73 753, 711 022[ 902 429 794 192 Stocks,endofmonth ___ thous.ofyds__ 65,876 68,817 68,420 87,446[ 84,92!1 80,8251 73,687 79,437 83;995!------~------~------' I I ,

Silk I I 1 Imports,raw ______, _____ thous.oflbs__ 8,9401 7,000 9,877[ 9,396 8,227f 9,164 8,272 7,441 7,6371! 82,0JI 98,019 88,269 0 571 010 ~t~~:~f~~~f~~1;:~ ;:;~~;-~;;;;;;~~;;;;; ;~~~; ~;~~~; ;;~~;~ ~~~i;; 6i~~;~ill ;;;i~ill ~~~;;~ ~;;;;; ~~;~;t:~~~,:~~~ :::~;~;~;~ ::: , Silk m~chinery activity: II 1 Broadlooms ______percentofnormaL_ 88.2 96.5 94.0 102.6 101.21 98.31 102.0 94.5 92.71.------~------Narrow looms _____ per cent of normaL_ 638.2 '60. 8 635 81 '60 5 659 81 6o6 4 50 5 51 8 52 6' Pric~f:inning spindles_ per cent of normaL_ 57.7 70.2 75:1 66: gil 66: 2] 64: 5i,, 69:3 60:3 58:511::::::::::::::::::::: ::: Raw, Japanese, 13-15, 11 N. Y ______dolls. per lb__ 2. 512 2.463 2. 709 4. 92.5 4. 679i 4. 580! 5.145 5. 047 4. 998.·1 ------~------1 __ _ Silk goods, composite ___ .dolls. per lb.... 1. 02 1. 02 1. 02 1. 18, 1.181[ 1.181 1.16 l. 16 1.16i ------1 Rayon 1 I 1 ~'1J.~0~?-~~~!~~~~~~~~~~~:~~~~o:;:.·;:rl~::: .1:: ~~: No~:~ \5::, \0::1 1~.1::1 \~:: \~:: \~::1-----~~~~~~----~~~~~~ ___ 12,734 1 Clothing I I I 1 Men's and boys' garments cut: 7 20,953 7 27,346 --- ~~b~raieiroiisei::d~~~~: ~I~:~::~~~:: ~: ~g~ i; ig~ :::::::::: ~: ~n ~: g~~~ i: ~~: :::::::::: :::::::::: :::::::::: 7 22,450 7 28,128 --- Ove?all~~coats ______thous. of garments__ 555 444 -----·---- 877 I 7 4,183 7 6, 615 --- Cut ______thous. of dozen garments.. 279 207 ------~ 414 329' 246 373 303 246 7 3,086 7 3,896 7 3,462 Net ship· 1 1 ments_- __ thous. of dozen garments.. 249 191 -----·---- 348 271 226 312 267 2341 7 2,831 7 3, 504 7 3,253 Unfilled orders, end ! of mo _____ thous. of dozen garments__ 51 36 ------~ 138 120 1121 162 215 2141 ______------·-

~~ I' Production ______thous. of dozen pairs__ 3, 440 3, 005 2, 589 4, 255 3, 770 3, 852 3,810 3, 006, 34, 8381 43, 066 41, 230 Net shipments __ thous. of dozen pairs._ 3, 783 3, 292 2, 743l1 4, 427 4, 047[ 3,05413,063 4,166 4,144 Stocks, end of 1 month ______thous. of dozen pairs.. 7, 627 7,120 7, 0581 7, 7361 7, 628! 7, 6481 7,849 7,699 ~::::~. ----~~~~~~ ----~~~~~~ 42,160 New orders _____ thous. of dozen pairs__ 3, 889 3, 198 2, 4081 4, 5211 3, 7471 2,848 4,342 4, 751 3, 388 34, 510 43, 399 42, 616 Unfilled orders, end of 1 I 1 I I Knit ~~~~~ear: ___ thous. of dozen pairs.. 2, 618 2, 403 1, 828] 4, 139 3, 736i 3,327 3,888 4, 609 4, 403 ------~---·---·--

Production_thous. of dozen garments__ 1,132 6 978 830, 1, 414 1 1, 221! 1,020 1, 2971' 1, 147 951! 12, 175 14, 1561 13,171 Net ship- I i I ments_- __ thous. of dozen garments__ 1, 365 6 1, 129 824 1, 5641 1, 2191 991 1, 514 1, 146 13,318 Stocks, end of ' 1 ' month ____ thous. of dozen garments__ 1, 421 6 1, 197 1, 2811 1, 2951 1, 2581 1 3451 1, 228 1,164 1, New orders_thons. of dozen garments__ 1, 475 '1,164 879l' 1, 4051 1, 150, '8931 1,483 1, 143 ;;;I .... ;:;~;:~----::;:::--- 13, 144 Unfilled orders, end oL i ! month ____ thous. of dozen garments__ 1, 250 61,266 1, 295' 1, 6201 1, 513] 1, 645 1, 577 1, 508 ------~------1, 3831 1

Burlaps and Fibers I 1' Imports: 1 I Burlaps_------______thous. of lbs __ l 37,940 36, 656 44, 591 42,067 41, 9521 45,7381 30,874 31,510 51, 656 598, 1581 643, 642 619,987 Fibers (unmanufactured) .. Jong tons__ 17,958 14,681 20, 429[, 26,613 30, 554! 25, 615 25,651 36, 496 251, 4941 332, 909 312,853 24,9501 I I 1 Pyroxylin-Coated Textiles ,1 i I I Pyroxylin spread ______thous. of lbs_ _ 2, 699 2, 268 1 2, 208: 3, 875 6 2, 9231 62 72J 5, 712 5, 366 4, 7631 37, 006 55, 060 61, 134 Shipments billed __ .. thous. of linear yards__ 2, 480 1, 8931 1, 945,' 3, 5291 6 2, 554] 6 2:1291 4,499 4, 419 3, 875 31, 196: 46, 395 47,995 Unfilled orders, end of [ 1 month ______thous.oflinearyards__ 1,441 1,413 1,169! 2,403[ 2,0451 1, 7471 3, 824 3, 316 3, 543! ------~------! F I! I ur I ! ! 1 Sales by dealers ______thous. of dollars__ 5, 787 4, 520------8, 187~ 4, 163! 2, 262 i 12, 576 7,960 5, 5531 7 67, 852! 7 122, 889 7 128, 535 I Buttons i i i ! i Fresh-water pearl buttons: i i I _~' Production ______ratio to capacity__ 38.8 42.0 40. 6; 47. 4[ 48. 6i 48.7 51.0 43.1 ______--- Stocks, end of month ... thous. of gross.. 8, 808 8, 756 8, 842! 10, 7301 10, 7271 6 10,786 10, 521 10,52.61 761 10,865 ______"~" ______--- Imp~~t~ons- I I i Product of Philip- ![ I pines ______thous. of gross__ 72 65 82i 64 71 74 24' I 837: 671 922 Shel~~other______thous. of gross__ ------·1 17 i 71 25 Mother of pearLthous. of pounds__ 354 402 896: 8::1 1, 225[ 6761 848 ~~ ~-----i~i~{--i~i~ --- g: ~§~ All other______thous. of pounds__ 586 458 15\ 521 124' 260 'fagua nuts ______tlwus. of pounds__ 1, 204 331 858' 3,0151 1, 667 .1 1,3~1 2, 941 2, 225 12, 578, 26, 633 23, 325 a Revised. ; Cumulative through Nov. 30. 25 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through December, except where otherwise 1930 11 ____1:92_9-----1 1928 I JAN. noted. Earl;r data for itemss CUMU;~i:~~;g~~~~~~~ shown here may be found on pages 27 to 139 of the August, 1930, October J Novem- Decem-~ October I Novem- Decem- I October I Novem- Decem- 1930 1929 1928 -~_§_rg.!!_l!_Y" . ~~~~---~~~---~~~~------IRON AND STEEL Iron 1 I I I Manganese ore, imports ------thous. of long tons •• 18 10 2911 25 241 15 i 261 16 211 2801 321 206 Iron ore: Imports ______thous. of long tons.. 186 74 17611 270 269 1 2861 170 223 205' 2, 773 3, !39 2, 453 Shipments from mines ______thous. of long tons .. 5, 531 I, 988 ------1 7, 989 3, 942:------~ 8, 4541 4, 261 None. I 6 46,583 6 65,195 6 53,981 Receipts- Lake Erie ports and I furnaces _____ thous. of long tons.. 4,011 I, 634 ------1 6, 0521 3, 1191 ______1 6, 0021 3, 598 None. '32, 050 645,746 6 36,942 Other ports ...thous. of long tons .. 1, 675 993 ------~ 2, 267 1,, 6611------,. . . _ 2, 5801 1, 555 None. I 6 14,363 '18, 767 '16, 455 Consumption. ____ thous. of long tons .. 3, 050 2, 640 2, 339 5, 366 4 701 4 076 5, 0251. 4, 897 4, 9971 45,1921 63,645 56,823 Stocks, end of month- TotaL ______thous. of long tons __ 41,092 41,227 38,94911 41,120 41,5001 37,646 39,555 40,080 35,147 ------1 At furnaces ___ thous. oflong tons.. 34,750 34,761 32,6181 34,770 35,0101 31,503 33,082 33,626 29,4521 ------On Lake Erie ------~------docks ______thous. oflong tons.-1 6,342 6, 466 6, 331 I 6, 365 6, 4901 6, 143 6, 473 6, 4541 5, 6951 ______T ______------Pig-iron production: Total, United States ______thous. of long tons __ I 2, lo.Jr 1,867 1, 666 3, 588 3, 1811 2, 837• 3, 374 3, 3021 3, 3701:1 31,400 42, 286 37,838 Merchant fur- naces ______thous. oflong tons __ ani 375 396 685 683 724 6441 648 722, 6, 307 8, 763 7, 62 Canada ______thous. of long tons .• ! 401 46 ------91 87 83 93 951 103 ------1, 091 1, 03 Furnaces in blast, end of month: 1 Furnaces ______------__ number __ 111 107 951 203 177 157 197 1941 201 ------Per cent of totaL ______per cent .. 65,965 Mal~a~e c~stings: ro uctwn ______short tons .• 28,785 6 :;~~~; :~~;~;1 1::~;; ::~;:;1 ::~~:;'1 1:~;~; 1::~;:;1 1:~~~;1 :::~;;~~;{:~~;~~~~~:::~~~.:;~~ ~tf.erating activity_per ct. of capacity__ 29.0 Jpments ______short tons __ 29,206 6 25, 974 27, 353 58, 733 46, 487 47, 6891 63, 510 58, 346 56, 8671 519, 6801 818, 150 752, 733 New orders ______short tons .. 24, 171 6 27,451 26,429 61, 164 40, 145 43,4751 65, 780 59,664. 61, 182 475,8211 785,878 758,890 Wholesale prices: 1 Foundry, No.2, I I northern ______dolls. per long ton __ 18.89 18.76 18.76 20.26 20.26 20. 2{)1 18.86 19.39 19. 51 ------+------Basic (valley furnace) ______dolls. per long ton .. 17. oo/' 11. oo 11. oo 1s. 5o 1s. so 18. w , 11. 10 11. 5o 11. 50 ______11. 11. 11. Compositepigiron.dolls. per long ton __ 3o 14 o1 !9. o3 19. 10 19. 10 I1 18. 4o 18. 96 19. 06 ______------1 1 Cast-iron Boilers and Radiators 1 Round boilers: Production ______thous. oflbs .. 5,910 3, 614 15,407 11,430 8,972 17,953 16,846 9, 345 89, 750 136, 555 158, 048 Shipments. ____ , ______thous. oflbs .• 10,041 7, 131 23,487 12,162 10,453 22,621 17, 362 12, 281 98, 958 145, 955 162, 562 New orders ______thous. oflbs .. 14,1~: ~~!I521 9, 495 7,193 19, 583 10, 652 9,184 19,819 13,252 12, 096 91, 029 132, 329 157, 694 Stocks, end of month ____ thous. oflbs .. 59, 134 53,686 51,657 66, 509 66,476 65,885 78,349 77,785 74,352 ------S quare boilers: [h?duction ______thous. of lbs .. 23,068 12,858 10,857 32,819 23,521 17,398 30,098 26,770 12, 5421 198, 589 273, 657 339, 781 39, 158 21,480 16,837 43, 185 24,382 20,010 52, 505 36,328 25, 368 219, 464 262, 233 335, 734 26, 268 215, 273 254, 450 337, 876 Ne\~';;~d'!:.-_~======:Jg~~~: ~m~:: 33,760 21,377 17,723 35,715 23, 109 17,9721 53, 522 28,502 Rad~!~g~~· end of month ____ tho us. of Ibs .. 121,666 115, 313 109,835 135,030 134,117 126,800 145,051 135,889 122, 4871------t·------Production ______thous. sq. ft. heating surface __ , 5,8521 4, 791 4, 097 12,299 8,634 6, 8211 12,853 10,825 6, 6701 78, 1491 127, 126 160, 341 Shipments I -- _____ thous. sq. ft. heating surface.. 12,390,1 . 9,118 6,866 18,214 12, 501 9, 905 23,062 19, 219 13, 9321 85, 5401 127,402 161,489 New orders ______thous. sq. ft. heating surface .. , 11,220 9,089 7, 471 16, 148 12,648 8,681 23,394 16, 931 14, 7981 88, 539 129,439 168, 068 Stock, end of month 45, 626 41,420 38,7021 53, 715 49,500 46,371 63,082 54,776 47, 572i ------Gas-fired-boif!~~s. sq. ft. heating surface __ ; Shipments ______.dollars __ 445,101 202,835 181, 9661 522,400 273,092 188,063 351, 367 250, 315 !53, 744] 3, 069,449 3, 558, 711 2, 663,937 Shipments ______thous. B. t. u .. 359,206 149, 507 221,775 427, 629 241,285 164,635 274,760 202,868 128, 3801 2, 607,863 2, 838, 901 2, !53, 533 Production ______thous. B. t. u __ 250,001 85,328 85,399 317,234 187,095 87, 949 187, 196 233, 073 83, 3001 2, 633, 991 2, 870, 059 1, 943, 973 Stocks, end ofmonth .. thous. B. t.'u .. 758,964 620,891 808,223 764,098 702,144 596, 143 598,518 884,8591 re>, "'~------~ Crnde Steel I Steel ingots, production: I' United States, totaL ______thous. oflong tons __ 2, 721 2, 235 2, 0081· 4, 534 3, 5211 2, 903 4, 650 4, 267 Rntio to capacity ______per cent__ 1 50 45 39 86 69 59 91 87 4, c. anada_, ______t_hous. oflong tons .. ! 65 72 --·------' 116 94 109 108 ~gil ::::~~-=~~l---~~:-~~~ ----~~:-~~~ U S Steel CorporatiOn. 1 821 Unfilled orders, 1 I 1 end of month ....thous. oflong tons __ , 3, 4821 3, 640! 3,944 4,125 4, 417' 3, 751 3, 673 3, 977 Earnings ______thous. of dolls __ , 4,191 4, 0871 15,952 17, 365 16,423 157, 756 258, 660 193, 202 10,9431 7, 949! 22,066 18,367 19,399 Stee~;~~~~fi~n- ! I TotaL ______short tons __ ! 82, 119 991, 872 1, 353, 118 I, 021, 872 59, 5~il 6 44,2901 46,2901 6 120,563 6 109, 969 6 106, 298 87,952 82,385 Ratio to capacity ______per cent .. i 311 32 83' 76 73 60 56 56 ------Railroad specialties._ ..short tons .. '! 15, 682 11, 854! 14, 197 50,0121 49,994 34, 667 29,471 30,799 26, 484'1 368,6901 576,380 371,564 Miscellaneous ______short tons __ 43,840 6 32, 445', 32,093 '70,461 6 59,975 6 71, 631 58,481 51, 586 55, 6351 623, 182 776, 648 650, 308 New orders- j I 1 Totl_lL .. -----,------short tons __ 45,552 6 48, 1231 49,3871 6 135,8971 6 97,635 6 89,985 78,860 84,742 Rat10 to capamty ______per cent __ .1 1 32 331 34 6 93 67 62 54 58 96. Railroad specialties ____ short tons .. j 13,208 16,495, 19, 2561 72,432 41,361 33,980 26,736 34,545 43,928.3~~ r---~~~·-~~~r-~·-~~:·-~~:333, 199 597, 899 -~--~~~·-==~389, 863 Miscellaneous ______short tons __ , 32,344 6 31,6281 30, 131 6 63,465 6 56, 274i 6 56,005 52,124 50,197 52, 3901 551, 2341' 739, 538 610, 365 Sheets, black, blue, galvanized, and · II full finished: 1 Production- 1 I ! I TotaL ______net tons __ , 193, 934 148,5501 145, 1251 319, 660 1 204,071 181, 916 369, 243 ~58, 402 302, 18212,643,I 721' 3, 887,377 3, 947,953 Ratio to capacity ______per cent __: 50.6 43. 6! 95.3 65.8 60.0 103. 51 104.8 95. 111, ·------1------Stocks, end of month- i 189,213 184, 58611 169,390 178,736 173, 619 !50, 600 174,028 191, 4291------1-----·------~~~~lct:: =::::===:::::: ::~:i i~~~::l 91,024 96,248 18/:~:1183,629 63,174 71,680 72.611 49,800 63,014 Shipments ______------______net tons __ 1 193, 516 158, 182 144,040 207,200 354,925 307,790 ~~: ~~~ i·2;iii2;:i28 -:i;857;8sii "3.'78o;oiiii 291, 1351 178,5751 1 New orders ______.. net tons __ 158,700 135,682 233, 289 258,8101 134, 391 234,599 344,614 346,041 Unfilled orders, end of I month _____ ·- ______,net tons __ 1 319,518 295,2821 378,601 478,038 395,696 443, 1271 525, 161 565,7391 :::: ::II_~·-~~:·_~~~~_~·-~~~--~~~~-~--:~~--~~~ 6 Re\-iSe\l. 26 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through I 1930 CUMULATIVE TOTAL FROM JAN. December, except where otherwise 1929 1928 1 THROUGH DEC. 31 noted. Earlier data for items 1 shown here may be found on pages N D N D I N D I 27 to 139 of the August, 1930, I October I ovem· ecem· October I ovem- ecem· October I ovem- I ecem- 1 1930 1929 ~----~ 1928 ,.Survey" ber ber her ber ber ber I IRON AND STEEL-Continued ~--~------~-~---~--~---~-~-r-~ ~-~~- -- Crude Steel-Continued ' 1 I ' 1 1 ! 1 Wholesale prices: I i\ I 1' 't i II Steel billets, 1 I 1 1 Ir~;~~d'~feei _____ dolls. perlongton __ 31.00 31.00 30.60 35.00 35.00 34.601 32.80\ aa.oo 33.oo ______------~------1 1 comp ______dolls. per long ton •. l 32.31 31.95 31.76 36.271 36.04 35.951 35. 48[ 35.92 36. 2Q, ------~------Structural steel ' I ! beams______dolls. per 100lbs.. 1. 60 1. 60 1. 60 1. 90'1 1. 90 1. 90I 1. 85 1. 90. 1. 9o· ------·-- ·--·------Composite finished 1, steeL ______dolls. per 100 lbs.. 2. 22 2. 20 2.19 2. 51 2. 50 2. 50 2. 52 1 2. 52 2. 53 • ------•------1 I I 1I ' Fabricated Steel Products 'I ' ' I 1 Steel barrels: il . Production ______barrels.. 616,121 497,539 412,283 629,9761 572,621 624,365 656,021! 563,647 551,113 7,440,998 8,337,99917,397,785 Ratio to capacity______per cent.. 44.1 36.5 30.3 51.41 47.4 • 51.41 56. 4! 48.0 47.1' ------______,______Shipments ______barrels.. 619,558 500,409 406,327 638,6811 567,257 • 619,058 661,0091 568,353 549,913. 7, 434,371 8, 317,58117,403,726 Stocks, end ofmonth ______barrels.. 70,424 67,554 73,510 56,212 61,576 66,88311 50,0711 45,365 46.465 ------Unfilled orders, end of month.barrels.. 986, 110 929, 045 1, 437,073 901, 643! 993, 601 •1, 392,188 823, 872] 957, 117 1, 357,443 ---- ______---- ______Track work, production. ______short tons •. 1 5, 192 4, 212 5, 174 12,902 11, 326 10, 826 9, 4931 8, 379 11, 061 llO, 116 1C2, 115j 139,645 1 Ir~~~d~~~e~~~!~~~::_ ___ reL to Jan., 1921..~------1------______I 243 207 169\ 2361 210 187i ______J ______1______Lock washers, shipments .. thous of dolls.. 153 119 115·l' 263 159 175 269 255 2211 2. 6061 3, 706 3, 128 Steel plate, fabricated, new orders: I I I . 1 TotaL ______short tons.. 24,002 26,137 20,5£4• 32,099 42,295 23,535 1 53,983 54,418 40,441'! 386,579 513,0651 532,810 1 53 1 1 1 ~~t!to~~~!'?!~~r~~~=====::;;ifo~~ ~~~~==~-----4;4oo -----9,-4oi -----4;i78 8, 1~~ 9, oaal\ 3, 6~~ 23, 9~~~ a2, a~~ 15, 1~~ ---ioo;73ii~-- -i:is;s5o1---242;763 Steel bars, cold finished, I I I 1 shipments ______shorttons __ , 20,521 15,456 15,747j 39,296 27,648 23,705 .1 50,867. 46,902 40,045j 318,4211 564,0191' 504,908 Steel boilers, new orders: I 1 I Quantity ______number.. 1,189 777 814 1,712 1,239 1,0291 1,803 1,660 1,3431 13,166 18,5261 19,672 Area. ______thous. of sq. ft._ 852 709 587j 1, 871 1. 1601 880! 1, 500 1 1, 460 1, 3081 13,470 19,4691\ 17,685 Iron and steel: 1 I 1 Exports ______longtons •. l 131,850 111,968 101,988 247,646 241,829 215,2421 256,870 256,886 221,810. 1,985,025l' 3,032,352, 2,862,997 Imports ______longtons.. 29,730 34,572 24,338i 49,508 44,045 39,022 50,176 49,986 41,6281 423,708 566,9231' 589,584

1 1 1 Shipments: Machinery I ' I I I I Water softening apparatus ______units.. 738 732 645l 1, 450 1, 0681 831 1, 505 1,125 9281 11, 783 15,9631 16,189 Watersystems ______units.. 7,831 6,572 5,526l 12,254 8,758 7,237 11,367 9,871 8,053]· 106,1651 127,4331 117,891 1 ~~DomestiQ shipments- : I I I Pitcher, hand, etc. ______units.. 29,162 23,405 25,2221 41, 566 35,062 37,8491 42,315 I 37, 563 44,330 443,4671 527, 227 551,248 1 Power, horizontal type..•. units.. 2. 088 1, 297 1, 384j 2, 532 1, 786 1, 6011 2, 732, 2, 093 2, 124, 25,7991 28, 5471 26,490 Stea~~J'~;J~~s~~~~~~~~~':,_~~;;( dolls.. 1, 027 967 1,0471 1, 868 1, 533 1, 580 1 1, 7081 2, 084 1,4241 15,5311 21,1721 17,998 Shipments ______thous. of dolls.. 1, 167 1, 116 1, 205: 1, 934 1, 535 1, 7631 1, 634. 1, 494 1, 593 1 16,442 20.841 17,364 Unfilled orders, end I I 1 I I I mo ______thous. of dolls.. 3,124 2, 975 2, 8121 3, 981 3, 975 3, 787 3,12.s il 3, 714 3, 538, ------.------Foundry equipment: 1 New orders ______rel. to 1922-24.. 50.0 45.3 59. 8! 245.3 128.6 208.0 185 0 197.8 166. 51------~------1 t~Eife~n~;iie~s;enif(ji'rel. to 1922-24.. 62. o 76. 5 102. 6j 214.1 152.2 201.9 254.3 264. o 234. 6l' ------~------,------mo ______rei. to 1922-24.. 159.1 124.9 82. a[ 492.5 445.4 473.2!1 462.6 · 403.9 333.8 ------1------1------Stokers, mechanical, sales: I 1 I Quantity ------number.. 92 71 53: 178 , 107.1 791 100 116 1021 1,1791 1, 7161 1, 490 Power ______horsepower..1 38,276 21,103 11,726! 56,108 39 469 44,9761 27,219 30,938 49,212! 365,664 599,5851 508,688 Mac~J~1~!~1~~---~~~:::::::~~l: ~~ ~~~t~::li 1~g ~~ ~~~ m mil ~~II' ~~ ~~ m; :::::::=::!=:::::::::!=::::::::: Unfilled orders, end of ' i i I Electrf,;toistli: ______rel. to 1922-24 __ 238 230 203! 6971 629, 56\ 5041 563! 596~------~------~------

1 New orders- , ' I \' \ 1 Quantity ______number .. ! 214 222 2081 461 412 392i 405 522 475] 3, 503 1 6, 1561! 5, 245 Value ______dollars.• l' 101,818 104,235 113,464: 231,372 214,661 227,8971 209,.5941 258,8671 188,6931 1, 764,003 3,102,163 2,447,970 Shipments ______dollars.. 97,811 99,218 94,836 1 233,215 224,647 198,500!' 202,829 215,863 211,8151 1,920,422. 2,995,340 2,263,935 1 1 Electric overhead cranes: I 1 I Shipments ______thous. of dolls .. ! 677 587 67111 1, 322 1,162 1, 380[ 806' 701 I 6231 10, 081,_ 12,290I 7,126 ~~K krt~~';Jers:er!d''OT thous. of dolls.. 353 a1o a02 i 1, 142 1, 405 734\ 775 n5 559 1, o1o1 14,619 1, 598 1 1 1 Wood~grklngniachlnery:-thou~. of dolls.. 1, 948 1,864 1, 5171i 4, 699 4, 9331 4,4291 2,1651 2,1891 2, 092i ------1------,------New orders.. ______thous. of dolls.. 605 459 ------1: 1, 251 1, 009 1, 0131 1, 5851 1,295! 1, 360!· '8, 455i '17, 7071 '15, 601 Shipments ______thous. of dolls.. 564 506 ------'1 1, 568 1, 186 1, 074. 1, 666 1, 502: 1, 353 7 8, 8661 ' 18,0601 '14, 863 1 Shipments._ •.•• number of machines.. 441 442 ------.11 1, 246 852 754:, 1, 170 1 9851 957: '6, 6121 '12, 734 '11, 065 20 7 1 t~~w~~~~d':rs:endoTthous. of dolls.. 17 16------11 47 35 1I1 1401 21 36,1! '263: 3731 7 388 mo. ______thous. of dolls.. 636 520 ______~·1 1, 461 1, 257 1, 208'' 2, 035l. 1, 838; 1, 792. ------~~------1 ------~--- Electric industrial trucks and tractors: 1 1 1 Shipments, domestic- 1 'I 1 i TotaL ______numberofvehicles .• 90 36 421 134 110 124 1 114l 126, 136 1,0501 1,859! 1,321 Exports .•....number of vehicles.. 3 9 9' 33 8 271 20 61 17 141. 160\1 145 Fire-extinguishing equipment, shipments: 1 1 1 I I Motor vehicles ______number.. 96 71 110 118 134 1271 1391 126 1001 1,152 1, 369. 1, 315 3 onf~1~a~I;;si7;~-~~~:~;i-gi~~;;; :;; ~~ ~;;;; ~; ~~! :;~ ;;i i; ;;; ~~ i;: ====~~;~~l===~~;~~~l====~~;~] ---~~;~;~~---~;;~~;;!===~~~;~~~ ~~K1 ;:,rg~~~efi, ___ number of burners.. 13,£85 5, 061 3, 561~ 1 13,346 6, 661 3, 933i ------~~------:------~ 75, 196] 81, 814~------end of mo ______number of burners.. 1, 278 4591' 534,! 1 2, 318 1, 766 919,~~------':··------1 ------! ------1------p ulverized fuel equipment: New orders, unit system- 1 1 I 1 11 N.,:: : Nooo :::::::::1 ::::::::::1:::::::::\:::::::j _____ -:J:::::_ :::\: :::-::: .~~~:::: ;; :::=: 1 :r:::::::: :::-:::::- 'Revised. 27 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through I I 1929 II 1928 (I CUMULATIVE TOTAL FROM aN. December. except where otherwise 1930 ·-· .... _ _ _ !I 1 THROUGH DEC. 31 noted. Earlier data for items 1------,------1 ______shown27 to here139 ofmay the be foundAugust, on pages1930, October N ovem· D ecem· I October I Novem- Decem- 1' October I Novem- Decem- I1 1930 1929 I 1928 "Survev" ber ber ber ber I ber ber I IRON AND STEEL-Continued -----~~--~---I ~-~----~----~~--- -r------~~--~

1 1 MACHINERY-Continued I 1 1 ! Patents issued: li I i Total,allclasses ______number.• 2,871 3,023 4,251 4,462, 3,519 4,634ll 4,323 3,494 3,309 45,242 45,3211 42,375 Agricultural implements _____ number__ 41 52 58 631 43 49r 59 39 34! 624 615! 496 Internal-combustionengines.number.. 49 54 67 86. 40 62'1 67 63 54 1 743 671 640 NONFERROUS METALS I! II I Copper II Production: I 1 Mines_------___ __ si:wrt tons __ 55,954 53, 141 48,518 '1 Smelter ______------__ short tons __ 70,419 64,816 60,022 97,405~m~ 94,861~~ 89,789~mj 100,720~~ 103,~~ 137 103,~~~ 386; 857,007~-~~~ 1, 179, 269 1, 060,094~~ Refined (N. and S. America) short tons __ 1 118,229 112,646 106,3661 152,8401 145,376 138, 203( 149, 199 155,448 147, 905! 1, 459,370 1, 811,857 1, 627,849 World production, blister ______short tons __ 152,544 139,914 136,252 m~ ~~ ~~ ~m ~m ~~~~~~~u~~~m Domestic shipments, refined ___ short tons __ 75,703 62,693 69,854 Exports ______short tons __ 105,7291 68, 979 58, 1501' 100,371 99,822 84, 8891' 808,784 1, 119,409 983,460 30,715 37,773 32,208 44, 502 27, 524 28, 807 i 45, 168 45, 730 38, 658. 365, 947 483, 907. 550, 769 Stocks (North and South America), end mo.: I Refined ______short tons __ 364,930 369,832 367, 1751 Blister-----______short tons __ 240, 145 223,280 218,7991 Wholesale price, electrolytic.dolls. per lb __ . 0960 .1011 .1030 ~!!! ~l!Jr lik,~~~ ,tt\~ Jtj~ ,il;l!J!II:::::::::: ::::::::::1:::::::::: I! I Tin li ;, Deliveries (consumption) ______long tons __ 7,580 6, 270 7,495 I 6, 5151 6,595 5, 740: 6, 475 7, 145 7, 155i I 78,225 89, 110 78,865 Stocks, end of month: I I World visible supply ______long tons __ 39,676 40,811 42,4981 25,5811 25,171 28,1401 20,907 22,067 24, 563[ ------United States ______long tons __ 4, 823 5,372 4, 6931 2, 720· 2,050 2,820 I 4,598 3,603 2,428: ______Imports ______------______long tons __ 5, 929 6,470 6,659 6, 2011 5,818 5, 253 8, 048 6, 221 5, 250: 80,778 87, 127 77, 970 Wholesale price, Straits, N. Y .dolls. perlb .• .2686 .2589 .2527 . 42351 .4022 .3979 .4901 .5085 .5021' ------Zinc 1 ! I I Retorts in operation, end of I month ______number __ 41,004 37,492 33,640 67,636 58,723 57,999 59, 832 61, 544 61, 544; Production ______short tons __ 40,922 32,097 32,682 54,513 48,411 47,292 50, 259 50, 260 50, 591 i 504, 312 631, 601 619, 595 Stocks, end of month ______short tons __ 143,327 145, 139 143,576 59,592 64,855 75,430 46, 068 46, 542 45, 4411 Ore, Joplin district: Sbipments ______short tons __ 33,474 39,478 31,056 48,810 42,418 39,641 ~~ ~m ~~ ~m ~~ ~~ Stocks, mines, end of month ______short tons __ 45,689 49,441 47,000 44,622 57,943 47,637 53,209 51,013 25, 76011------Price, slab, prime western ... dolls. per lb __ .0406 .0427 .0410 .0674 .0624 .0567 .0625 • 0626 . 06351]------Lead 1 ! Production, refined ______short tons __ 50,402 43,423 48,5171 64,707 61,352 Ore shipments: Joplin district. ______short tons __ 3, 361 3, 963 7, 588 8, 850 5::::: ~----~~~~~~ -----~~~~~ ----~~~~~~~ 6::::~: ::::: ----~~:~~ Utah ______short tons __ 63,584 48,400 48,7052,8961 77,693 89,545 Receipts in U. S., ore ______short tons __ ~w ~w ~- ~~ m• ~~ ~m 46,237 38,820 40,462 58,364 51,674 ~- ~~ ~~ ~- ~~ ~~ Price, pig, desilverized, I I •m N. Y ------dolls. per lb .• . 0515 .0510 .05101 .0687 . 0629 .0625! .0650 .0639 .0650f ------Other Metal Products I 1 Babbitt metal, consumption: Total apparent ______thous. oflbs __ 2,989 2, 582------1 5, 5191 4, 522 3, 343; 5, 796 5, 630 4, 986! ------65, 1351 59,677 Direct by producers _____ thous. of lbs __ 1,027 776 ------1, 512, 1, 316 949 1, 191 1, 274 8371 14, 9761 12, 338 Sale to consumers ______thous. oflbs __ 1,962 4,0071 3, 206 2, 3941 4,605 4, 357 4, 149] ------50, 159 47,'339 Copper wire cloth: 1, Production ______thous. of sq. ft.. 385 :~:------~~~I 441 437 466 423 425: 4, 702 5, 455 5, 226 Shipments ______thous. of sq. ft.. 356 377 303 30911 m 367 442 395 Stocks, end of month __ thous. of sq. ft.. 1, 160 1,176 1,145 933 973 1, 021 1,068 1,092 d~~~~-----~·-~~~ 4, 969 -----~~=~ New orders ______thous. of sq. ft __ 363 269 337 454 504 336 419 422 41911 4, 373 4, 985 4, 719 Unfilled orders, end of montb ______thous. of sq. ft.. 199 257 302 402j 266 301 4491 ------Make and hold orders, 166 1651 1 end of month ______thous. of sq. ft .. 606 530 539 499 570 459 482 469j ------Pails and tubs, galvanized: Production ______dozens __ 130,906 ' Shipments ______dozens __ 60,798 87, 1401 129,282 102,400 112,::1 153,813 131,792 112, 9231 1, 312, 097 1, 624, 811 1, 795, 625 115,185 68,330 68,8981 135, 197 90, 684 107,7331 152,258 103,290 102, 8021 1, 307' 928 1, 647' 272 1, 763, 401 Other galvanized ware: Production ______dozens __ 40,084 16,061\ 21,657: 45,117 32,951 33,1141 56,469 33,553 36, 042 440, 9811 541, 212 515, 428 Shipments ______.dozens __ 41, 126 21, 296j 15,915: 49,511 30, 123 25,4411 54,596 34,012 23, 5671 422, 108 516, 359 481, 421 Enameled sheet-metal ware: Shipments ______dozen pieces __ 329,337 263,3651 250, 568:.'1 371, 292 305, 714 391,523 417,387 328,875 322, 339.1 3, 526,2991 4, 504, 102 4, 191,761

ir II I Electrical Equipment I ;I I I 1 Electrical porcelain, shipments: li 1 l I Standard-----______._ •• _____ dollars __ 73,659 47, 9941' 51, 016' 123,222 109,258 58,354 128,255 152,143 92. 359: I 891, 766 1. 333, 417 1. 091, 391 Special. ______------••• _•.• dollars .. 131,815 93,677 91,5641 176,323 144,652 121,308 148,999 146,476 129, 835! 1, 398, 971 1, 886, 403 1, 553, 294 Glazed nail knobs ____ thous. of pieces .. 2, 044 1, 8341 2, 007] 4, 404 3, 797 1, 750 5,257 5,350 3, 7671 31, 786 48, 764 41, 071 Unglazed nail knobs--thous. of pieces __ ~m L~ ~~ ~~ ~m 1,186 3,042 2,644 1, 614 I 18,424 26,799 21,963 Tubes ______thous. of pieces._ 1, 156 8011 522 1, 645 1, 439 717 2,807 3,111 1, 997j I 12, 086 20, 605 22, 844 Laminated phenolic products, shipments ______dollars __ II 1,022,660 673,867 ______111,644,570 772,482 617, 565 1, 365, 690 1, 139, 205 1,062,19411------16,460, 148 12,282,199 Motors (direct current): New orders ______dollars __ 1 474,611 457,518 ______, 1,214,044 921,543 999,790 926,133 759,337 915,05711------11,850,102 9, 941,997 Billings (shipments) ______dollars .• 621,114 433,530------1,089,590 860,552 907,048 950,707 744,127 782, 40111 ______10,425,205 9, 278,885 Power switching equipment, new orders: 1 Indoor ______.dollars __ 84,160 69,202 77, 248! 175,077 130,408 146,189 108,478 120,494 115,532, 1, 549,773 2, 036,738 1, 626,662 Outdoor _____ .------______.dollars __ 342,771 219,232 178, 160 1 503,226 371,592 364,769 313, 285 297, 449 317, o7sl' • 4, 3, 6, 786 5, 442, 658 4, 411, 129 Outlet boxes and covers, shipments. pieces __ 1, 677,038 ------1 2, 850,984 2, 036,381 I, 465,6101 3, 128, 321 3, 071, 288 1, 784,587 .------1 30,385,601132,795,023 Vulcanized fiber: Shipments, totaL •.•..thous. of dolls __ , 599; 649 585 57711 6,009 9,856 7,450 Consnmption ______thous. of lbs •. 1.ml 2,5761 2, 971 2, 731 2, 7431 25, 189 40,109 32,875 Industrial reflectors, sales ______units •. 113,dg~ 316 115,1.~r~ 736 76, 659, 179,0684.M~ 137,2J~ 942 132,476 156,243 163,491 128, 077 ' 1, 391, 192 1, 695, 310 1, 539, 606 Power cables, shipments ______thous. offt._ L~ ~~ ~m, ~- ~m 2,087 2,384 2,405 2, 151 I 24, 259 27, ~ 24, 041 28 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through 1930 II 1929 I 1928 I' CUMULATIVE TOTAL FROM JAN ::~~::;:berE:,.lf:r :ta7~ref~:he!t':::::. / 1 THROUGH DEC. 31 shown here may be found on pages I ~~~--,------,----~~ - 27 to 139 of the August, 1930, October Novem- Decem- October Novem- Decem- October Novem- Decem- I 1930 1929 1928 _'...:'S::.u=rv:.:e,.y'-'-'------1----- ~ ~~~--- ~ ~ ----__b_e_r ___b_e_r_l: ------NONFERROUS METALS-Continued ~~ Electrical Equipment-Continued I I I I Welding sets, new orders: 1 Single operator ------··---units.. 200 153 ------~~ 302 2481 247 297 218 29J,I______3, 822 2, 830 Multiple operator_ ...... units__ 34 14 ...... 7 9 58 24 Nonmetallic conduits, 1 71 shipments ...... thous. offt.. 4,067 3, 718 2,41711 8, 0151 6,180 4, 727 8,804 7,543 4, 7:fi·---~~~~~~ 80,2: 89,::: Electric furnaces, new orders ... kilowatts.. 3, 317 2, 202 1, 339/1 2, 991 4, 719 7,171 8,10911 68,085 86, 988 64,132 Manufactured mica: Shipments ... ______thous. of dolls.. 150 132 1011 149 302 267 25911 2,032 3,149 ...... Unfilled orders, end of 'I month ...... thous. of dolls.. 104 90 104 1 '·:r '·::: 224 326 244 2541[------Panel boards and cabinets, I shipments (qtly.) ______dollars.. il, 395 ...... •1, 311,1·!' 8 1, 650 ------'I, 735 8 I, 357------' I, 56411 5, 211 5, 865 5, 04 Delinquent accounts, electrical trade: 1 Amount ______dollars.. 122,150 96,912 150,34911 167,089 172,495 184,652 162,564 150,278 169,0291 ______Delinqu::;;~-~~~~~~--number..l 1,101 868 1,065ll 1, 392 1,152. 1,170 I, 245 1,139 1,099: ------

Production: '1!, 1 1 United States- TotaL ______number of cars__ '154;401 '135, 752 1 155,5011 380,017 217,573 I 120,007I 397,2841 257,140 234,116 3, 354,870 5, 358,420 4, 358,759 Passenger cars .... number of cars__ • 11 5, 476 • 102,358 122, 645\' 318,462 167,846 91,011 338,224 215,042 203, 3171 2, 805, 413 4, 569, 811 3, 808,704 Taxicalis ...... number of cars ..I '582 609 1, 425 868 1, 646 1,483 659 700 I, 036 8, 936 17, 589 6, 713 Uan~J~~s ...... numberofcars.. •38,343 •32,785 31,531i 60,687 48,081 27,5131 58,401 41,398 29, 763 540, 521 771, 020 543,342 TotaL ...... number of cars.. 4,5411 5,407 5,622: 14,523 9,424 1 5,495 18,536 11,769 9, 4251'1 154,1921 263,295 242,38 Passenger cars .... number of cars.. 3, 206 3, 527 4, 225' 8, 975 7,137 4, 426 13,016 8,154 6, 734 125,442 207,498 196,74 Trucks ______numberofcars __ l 1,335 1,880 1,397, 5,548 2,287 1,069 5, 520 3, 615 2, 69! 28, 7501 55, 797 45,64 Exports (assembled): I j From United States- 1 TotaL ______nnmber of cars.. 11,215 12,078 14.198: 31,443 25,815 24,741 46,524 46,893 29, 954 238, 0301 536, 203 507,945 Passenger cars .... number of cars__ 7,136:1 6, 039 9, 096l1 19,931 13,929 13,831 29, 951 29,684 20,9451 !53, 088] 339,143 369,073 Fro~r8;~~da_::··----numberofcars.. 4,079 6,039 5,102, 11,512 11,886 I0,9!0i 16, 573 17,209 9, 0091 84, 9421 190, 760 138,872 TotaL ...... number of cars.. 2, 868 2, 588 3, 645 9, 637 5, 905 4, 8661 9, 705 8, 783 6, 646, 46,649 101,711 79,748 Passengercars .... nnmberofcars.. 2,003 1,260 2,193 5,635 3,522 3,015l 6,696 4,906 4, 5101 30,291 64,863 55,972 Trucks ______number of cars.. 865 1,328 1,452 4,002 2,383 1,851 3,009 3,877 2, 136 16, 358 36, 848 23,776 Sales (General Motors Co.): Total to dealers, incl. Canadian I and overseas ...... number of cars __ 28,253 57,257 80,008: 122, 104 60,977 To consumers, U. S ...number of cars .. 57,757 41,757 57,989 114,408 68,893 !~ ~i~ ---~~--~:~ ____ ::·-~~: ----~~·-==~ 1 ~: ~~i: m~:~~~ ?~~ -~--~~~·-~~ To dealers, \1. S ...... number of cars .. 22,9241 48,155 68,252: 98, 559 39,745 36,482 ...... ------I, 035,660 I, 535,852 Accessories and parts, shipments: Originaleqnipment..rel. to Jan., 1925 .. 62 64' 160 78 34 2001 163 1641------Replacement parts .. rel. to Jan., 1925 .. l~gl 127 100' 166 139 132 184 149 1311 ______------Accessorws. _...... rei. to Jan., 1925 .. 791 63 55~ 91 83 . Service parts ...... rel. to Jan., 1925 .. 991 80 75 1 147 115 Rim vroductwn ______thons. of rims .. 920 567: I, 650 597 2, I, 24,244 New passenger-car registrations: 8641 ~!~1 ~H ~~i I,~~~~ ::::i;_:i~f::~~.:~&i TotaL ______number of cars .. 93,066 1 288,697 183,756 • 138, 5551 284, 9391 211, 736 154, 600 2, 626, 0591 3, 880, 206 3, 133, 296 150, 2191 96,054 1 Automobile financing: 1 Wholesale, dealers .....thous. of dolls .. 35,962 29,684 35,603 63,641 44,633 Total, consnmers ...... thous. of dolls .. 81,504 60,365 66,06711 126, 590 95,001 6 ~J: g~~~~---io4:az4[··--sii;s28 ---.-7a:o5s!I,7J~ ~gJ: ~~g 1 d~~ ~~~ -i.-196:545 New cars ______.thous. of dolls .. 31,869 35,437:, 80,373 58,246 6 48,061 64,9911 53,055 6 41, 710] 7 757,045 I, 088, 578 761, 179 Used ears ______thous. of dolls __ 45,7511 1 33,852 26,915 28,809.1 41,725 32, 260 6 28, 67411 28,035 23, 277 6 22, 0821· 7 436,85711 461, 232 302, 444 Unclassified ...... thous. of dolls .. I, 901 I, 581 1, 821: 4,493 4, 495 • 3, 353 11, 2981 10,497 '9, 266 1 7 35, !63 72, 958 132, 921 FUELS I rl i ,: Coal and Coke Bituminous: Production- ,. I ! II I United States. thous. of short tons .. 44, 150 38, 122 39, 716: 52, 174 46.514 47, 04611 51, 1761 46,788 44, 08311' 461, 6301' 534,989 500,74 Canada ...... thous. of short tons .. I, 630 I, 315 I, 275, I, 560 I, 519 I, 488 I I, 7391 1, 718 I, 5191 14,707, 17, 227 17, 55 Exports.. ______thous. oflong tons .. I, 317 I, 610 1,486 14,43 Consumption- 1,:: 1::::: By vessels ..... thous. oflong tons .. 230 I, :1 ..... ~~~~ 343 333 l·:::i 1,:~: 1,:~11..--~~--~~~\ 3,83 By electric-power plants ______thous. of short tons .. ~. 944 • 3, 6701 3, 832: 4, 061 3, 778 4, o2sll 3, 826! 3, 738 3, 87oll 42, 898: 44,922 37,524 Byrailroads .. thous. of short tons .. 7,124 6, 642.------1 8, 450 '7,838 8, 011 ,[ 8, 444[ 8, 092 8, 048 ! 7 75, 125' 7 85, 704 7 84, 850 By coke plants- United States- I 6, 5751, 6, 726: 6, 5951 6, 830 10,473 86, 5!6 76, 137 ...... thous. of short tons .. 5,270 4, 8201 4, 7371' 7,3891! 6,8841 I Canada .. thous. of short tons ... 249 2461 324 303 3171: 294 284 1 296. 3, 224 3, 712 3, 213 Prices- 2491 1

Mine aver. 1 (spot) __ ._ ..dolls. per short ton .. I. 811 I. I. 1.88' 1.88111 1.83! 1.851 1.85 1______------Wholesale, comp- 78 7711 1.19011 posite ...... dolls. per short ton .. 3. 893 3. 900 3. 89811 3. 961 3. 959 3.9801 4. 0201 4. 008 4. 006 Retail, com- ~------,------posite ...... dolls. per short ton .. 8.88 9.00 9. 051 8. 961 9. 07 9.1! 1------1------Anthracite: 8. 94 8. 94!1' 8. 981 Prcduction ______thous. of short tons .. 7, 576 8, 0261 5, 820 7, 377!11 8, 4oo: 7, 322 6, 114 I 69, 802 73,828 75, 348 Exports. __ .. ______thous. of long tons .. 253 5,~~ 6,~~gl 3961 267 313 4051 306 259 I 2. 2so 3, 040 2, 979 Prices- I I I I Wholesale, com- I' I I i posite ______dolls. per long ton .. 12. 751 12.9991 12.999 Retail, com- 12.7621 12. 751[11 posite ...... dolls. per short ton .. 14.87 14.98 ~:~~:1 ~:~~::1 ~:~~:, ~:~~:~r:::::::: ------14.90 14.891 14.981 Coke: Production, U. S.- I I Beehive ...... thous. of short tons .. 168 5061 4451 371' 43!1 427 408 'I 2, 798 6, 472 4, 493 1781 1711·1 By-product._ thous. of short tons .. 3,4321 3,137 3, on, 4, 6051 4, 1751 4, 2291 4, 142 4, 327 45, 514 53,412 48, 313 Production, Canada 4,:::11 ------thous. of short tons .. 1851 1811 233! 205 2131 2, 354 2, 674 2, 308 Exports.. ______thous. oflong tons .. 1851 iii! i6~: 0 83, 69 1o! 1 1261 98 Price, furnace, 1 Connellsville. __ dolls. per short ton __ 2.601 2. 581 2. 5511 2. 70 2. 69 2. 64 . 2. 9!1 2~:~ 2.:: i------~~1----~--~~~ ______6 Revised. ' Cumulative through Nov. 30. 8 Quarter ended Sept. 30. 'Quarter ended in month indicated 29 TREND OF BUSINESS MOVEMENTS-Continued

The cumu/atives shown are through I II CUMULATIVE TOTiL FROM JAN December, except where otherwise 1930 1929 1928 1 THROUGH-DEC. 31 ' noted. Earlier data for items II shown here may be found on pages ~----,~-N-T---,~-D--~ ---~ -- - I I -- 27 to 139 of the August, 1930, October ovem- ecem- October Novem- Decem- October Novem- Decem- 1930 1929 1928 "Surveu" . ----~ ~ ______b_er ___ b_e_r_, ______b_e~_, __b_e_r_ ----~------FUELS-Continued I ~~~ I II I 1 Petroleum I I II Crude petroleum: j II1 I I I Production ...... thous. of bbls.. 72,696 68, I74 66,985 88,430 78, 758· 80, 9I71 j 79,7511 76, I23 . 79, 493 .. 895,55611,007,323 901,474

Stocks at end of mouth- I 1 1 Total (comparable).thous. of bbls.. 369,0621 367, 515 361,701 384,511 380,152 1 381, 198 i 367,949 367,622 368, 353 1...... 1 Tank farms and 1 111 pipelines .... thous.ofbbls.. 323,030 323,089 320,510 339,333 335,787 1 334,8911' 328,143 326,8MI 327,8241, ______J ______Refineries ...... thous. of bbls.. 46,0321 44,426 41,191 45, 178 44,3651 46,307 39,806 40,7671, 40,529~~------1,------California- Light...... thous.ofbbls.. 40,738 40,652 40,625 42,676 42,0051 41,049 16,684 16,5241 16,995 ...... ~------Heavy ...... thous. of bbls.. 102,6431 103,553 104,121 Ill, 685 1141., 4545941 1125,, 4808671111 976,, 070253 49309811 986', 1 ""79,-76_7_ Jmports ...... thous. of bbls.. 5, 0611 4, 467 4, 727 5, 766. 96~·. 8901~:~·~----62,-i29--~----78,-934 Consumption (rnu to I I I stills) ______thous. of bbls.. 74,016 70,310 71,581 88, 390 81,0611 80, 6~31 79, 663 77, 1491 79, 5~oi 927,4481 987, 708 913, 295 Refineryoperations.perct.ofcapacity.. 65 64 63 79 751 •2[1 82 811 tS 1 1 ------~------1 ------Price, Kansas- 1 Oklahoma ______dolls. per bbL. 1.098 .850 .850 1,300 1.300 1.300 1 1.210 1.210 1.210,1 1 ...... ~------1 ------Oil wells completed ...... uumber.. 866 659 527 I, 556 I, 407 I, 060 1 1, 206 1,187 1,070 11,577 I5, 572 12,526 Mexico- 1 I I Production ______thous. of bbls.. 3,147------3,085 3,400 3, 926 11 3, 904 3, 724 3, 748 1...... ------

Veur~':frS!~------thous. of bbls.. ------2, 395 1, 923 1, 705 !I 2, 73I 2, I99 I,808iii------I------,------1 Production ______thous. of bbls.. 11, 785 10,911 ...... 11, 591 11, 2521 12, 182 10, 520 11, 29ll 12, 270 7 124,3491 7 124,3991 '95, 829 Exports. ____ .. _____ tllous. of bbls__ I2, 208 11, 134.. _____ .. _ 10, 718 11, 2351 11, 929 1 9, 283 9, 660 10, 010 7 123, 944 ' 112, 679 7 90, 607 Gasoline: 1 1 I 1 Production- tj 1 Raw (at refinerics).tllous. of bbls.. 37,400 33, 616 34,352 40,246 37., 7001 37, 7341 34,415 33,065 33, 934~ 441, 534ll 439, 393i 376,945 Natural gas (at 1 I 1 plants) ...... tllous. of bbls.. 4, 326 4, 238 4, 198 4, 912 4, 504 4, 45711 3, 931 3, 769 3, 929i 51, 7321 52, 271 1 42,326 Exports ______.. ____ thous. of bbls.. 6, I31 3, 536 ______6 5, 967 3, 952 5, 8901 3, 968 4, 610 4, 5181 7 58, 68I 7 53, 922' 7 48, 081

Consumption ______tllous. of bbls.. 32,267 30,984 29,094 33,238 31,584 27, I8I 30,696 25, 94I 26,576 1 396,074 375, 999l' 328,489 1 Stocks, end of month- .II 1 , Raw (atrefineries).thous. ofbbls.. 38,684 38,705 40,54I 35,116 37,997 43,261 26,440 29,185 33,066;,1·------~------'------Nalural gas (at h 559 596 578 490 514 604 1 R~\~i:~~s~!!~~~~~-~~!~~:::11:::: :: ;::~: 999.321 ------1------1,014,0871. 905,832 850,147 893, ~~: 805.~~~ 779, ::c::::::r:::::::r:::::::: 1 Prices- I '.1 Wholesale, New I 1

Kerosen:~~~~~~~~~~~~~:~::~:-. ::: :::~~ : ~:: : ~:: ______:~~~ : ~:: : ~:: : ~:: : ~:~ : ~: : ::(::::::::11::::::::::1:::::::::: Production...... thous. of bbls.. 3, 876 3, 590 3, 575 5, 162 4, 776 4, 796 5,145 4, 935 4, 7681 49,208 55,9401 59,353 Exports ______thous.ofbbls.. 1,373 970______2,237 1,302 I,676 1,7·19 2,087, 1,229· 715,393 718,140 720,623 Consumption ______thous. of bbls.. 2, 599 2, 841 2, 786 2, 974 3, 104 2, 942 3, 405 2, 591 3, 437! 34, 564 36,032, 36,235 Stocks at refineries, end I ! 1 ofmonth ______thous. ofbbls.. 7,633 7,379 6,883 8,515 8,902 9,095 8,633 8,886 9,001:, _ ...... Price, I50° water white.dolls. per gaL. .054 .053 .054 .072 .073 .067 .082 .oso .078 C====-===~------,,--======1 1 Gas and fuel oils: 1 1 I Production ______thous. of bbls.. 29,818 29,034 29, 734 39,048 36, 1341 36,351 37,029. 35,871 37,493 373, 1921 448, 949] 427, 237 Consumption- !,1 I 1 By vessels _____ .... thous. of bbls.. 4,463 ------4, MO 4,110: 4,100 4, 558 1 4, 235 4,188 '------1------~--- By electric power I I, ,1 I I' I plants ______thous. of bbls.. 885 6 774 835 1, 083 173 I, 112 6I9 632 848.1 9, 040. 10,466, 7, 160 By railroads ...... thous. of bbls.. 4,' 355 3,, 806 ____ _= •• . •. 4, 959 '4, 5711 4, 413 4, 8711 4,490 4, 440/l' 7 44, 531) 7 48,5631, 1 45,889 Stocks at refineries, end ~ 1 1 1 1 month ______thons. of bbls.. 41 293 40 427 31 007 38,717 37, 753l 34,425 39,599 37,878 34,9261 1...... _ P~~t\~~~~:~_2~~~·--- ....dolls. per bbL . 594 . 650 . 610 1 . 838 . 8631 . 920 . 650 . 650 . 625! !::::::::::'1------J,:.:::::::: Lubricating oil: 1 11 Production ...... thous.ofbbls.. 2,546 2,409 2,5091 2,885 2,555 2,765 2,979 2,748 2,993:1 34,201! 34,359; 34,658 Consnmption ...... thous. of bbls... 1, 569 I, 573 1, 458 I, 379• 1, 859 I, 716 2, 122 I, 763 I, 730! 21,588: 23,609:, 23,168 Rtocks at refin~ries, end · 11 I month ______tllous. of bbls.. 10,502 10,536 10,9711 8, 021 8, 117' 8, 269 7, sao! 7, 921 8, 340 1 ,______I AspK!/f~· cylinder oiL .....dolls. per gaL .186 .I84 .172 . 356 . 365 . 362 . 240 . 246 . 27lj:======l------=~======Production...... thous. of short tons.. 306 2I7 168 1 356 247 ISS 320 244 170·1 3, 206, 3, 470: 3, 298 Stocks, end of I ' I I of month ...... thous. of short tons.. 267 295 3081 227 234 240 210 228 236 11 ______!...... :...... Imports ...... thous. of short tons.. 7 3 3 I7 7 10 12 9 I21 53!l I2I! 117 1 1 Coke: 17"t I58 1661 1 Prodnction ...... thous. of short tons.. 1 I72 I55. I71 1251 I31 132, I, 9351 I, 821] 1, 425

of short tons.. 1, 045 064 1, 0411 733 744 1 745 4041 419 St:~~h~~~-~~----thous. I, 1 437: ______J ______;______Wax: ' 1 ' Production...... thous. of lbs.. 38,080 6 35,840 36 12011 56,377 50,7751 49, 104 54, 546! 56,665 54,685 547,680 630, 074j 630,144 Stocks, end of month .... thous. of lbs.. 240,060 237,027 232; 592 I90, 727 I87, 247 189, 592 92,8141 103, 949 110,344, __ ------1------

RUBBER I ! Crude Rubber I World shipments, plantation ...long tons .. 71,934 63,065 ------73,853 68,3031 74,748 43,7J 91,860 93,019 7 756, 148 7 788, 661! 7 559,652 Imports (including latex) ...... long tons .. 46,375 29,733 37,370 38,454 43,901 43,232 44,0721 36,624 43, 519 486, 522 563, 816' 436,656 Consumption by tire mfrs ... thous. of lbs .. 36,097 26,253 25,537 41, 775 26,728 58,3021 48,819. 41,604 476, 756 598,9951 600,423 World stocks, end of month: 31,1861 228, 1921 ______World totaL ______long tons .. 427,364 435,6651------282,840 300,443 324,594 2I6, 747 ..! ______! ______United States ...... long tons .. I88, 310 193, 09I 206, 829 91,806 105, 1151 I22, 062 I~~;~~~~ 55,909 Europe...... _.. ______long tons .. 118,873 63,929 72,259 75,432 27,9661 22,328 Producing countries ...... long tons .. 36,046 37,905 34,2001 36,260 I5, 4891 29, 110 Afloat...... long tons .. 84,435 ,80,236:?, ~~~--~':,"I ------89,200 88,8691 90,840 67,9001 109,4001 Wholesale price, smoked sheets, '~ ~! :::::::::: :.~:~~:::1~~~~.~-::: New York...... dolls. per pound.. .084 . 089 . 0891 .196 .1661 .160 .I871 .182, 6 Revised. 'Cumulative through Nov. 30. 30 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through December, except where otherwise 1930 1929 1928 CUMULATIVE TOTAL FROM JAN. noted. Earl;r data for items I 1 THROUGH DEC. 31 shown here may be found on pages l----~-----,~----- ~--~------li-----;----.---11---.---,---- 27 to 139 of the August, 1930, October Novem Decem· _!__~.!!:_~velL______her ber ~~J~~J~-~~~1~-~~-her ber ber ber I ~ ~~~ 1 RUBBER--C3ntinued ·---~------~-~--~-~---~-1 Tires and Tnbes I

Pneumatic casings: ' li Production.______.•.... thousands .. 2, 866 2 123 2, 251 3, 6891 2, 703! • 2, 446 5, 4951 4, 556: 4, 2041 40, 772 54, 981'1 58, 539 Stocks, end of month ...... thousands.. 7, 842 7, 676 7, 2031' 9, 6331 9, 7011 9, 470 8,.6401 9, 434! 10,218 ------Shipments-Domestic ______thousands.. 2, 613 ' !1 1 2 119 2, 550 1 3, 5201 2, 5001 2, 448 4, 096, 3, ~~g; 3, 201 40, 828 53, 1781 53, 781 Inner tJ;~r,ort. ______thousands .. 186 148• 139 199: 1681 142 1911 I 242 2, 085 2, 335 2, 022 1 Production ______thousands.. 3,1611 2;144 2,448 4, OOOi 2, 8351 2, 787 5, 1971 4, 198j 3, 888 41,935 55,0631 60,175 Stocks, end of month ...... thousands.. 8,4141 8, 250 7,999 10, 242i 10,276 10,245 11,464 11, 820i 12,087 ------· Shipments- I Domestic ______thousands.. 2, 659 2, 634 3, 62911 2, 6791' 2, 620 4, 1381 3, 618i 3, 466 42, 646 54, 967 56, 574 Export. ------thousands.. 119 1 2,1:1 96 122 105 103 108 133 178 1, 306 1, 506 1, 315 Soli~:~~~Wi~~~'------thousands .. l 181 13 351 31 28 471 36! 32 204 410 514 Stocks, end of month .....• thousands .. l 781 76 76

Shipments- 'I 1:: 1:1 1;:: 1:: Domestic ______thousands.. 191 13 12 1~:~ 1~:1 ------~~~ ------~~~------~;~ Exports. ______thousands .. 1 11 1 Other Rubber Products I , l 2 , ~ 3 17 1 a 1 1 Rubber~proofed fabrics, production: I Tota!______thous. of yds.. 5, 209 6, us: 4, 395j 2, 291 5, 9141 4, 173 2 3481 7 40,7721 7 48,4421 7 39, 121 Auto fabrics.------thous. of yds.. 915 2, 778' 540,' 488 609 701 '567 7 9 5021 7 10, 385• 7 8, 524 All other______thous. of yds.. 1, 254 ~~~~:::::::::: 864------1. 720.I 1. 308! 882 1. 296 1. 025 797 7 11'• 580 I , 14,483 I , 9, 949 Raincoat fabrics ...... thous. of yds.. 3, 040 1,426------3, 6181 2, 5471 921 4, 009 2, 447 984 7 19, 690 7 23, 5721 7 20, 648 Rubber heels: Production.•...... •... thous. of pairs.. 16,460 11,083 ------22,3861 17,8631 14,781 21,932 18,686 15,8111 '164, 959 '211, 345 '219, 359 Shipments- To shoe manufac- turers ______..thous. of pairs .. 9,354 4, 578 ------13,7461, 11,6531 8, 639 9, 813·I 8,6021, 7, 3211I 7 98, 861·I 7 135,474I 7 109, 707 To repair trade .... thous. of pairs .. 8, 291 4,473------7, 9941 6, 571 4, 148 9. 5801 7, 9211' 5, 586 7 64,9741 7 80,6231 7 88,545 For export...... thous. of pairs .. 966 880 ------920i 801 956 1, 262 1, 317 1, 108 7 10, 384 7 11,4291 7 10, 296 Stocks, end of month .. thous. of pairs .. 29,353 29,130------Rubber soles: Production ______thous. of pairs .. 3,056 1,426 ------4:::::1 4~: ::. 4~: :: ~: ~:~ 4::::1 5~: ~~ ~---,-~~:~~~1---,-~~:~J--,-~~:~;~ Ship,foe~~~;manufac- I I I [! I turers ______thous. of pairs .. 2, 638 1, on ______2, 691! 2, 676 2, 372 1, 655 1 906 1, 73o 22,428 7 24, 99sl , 20, 748 1 I , To repair trade .... thous. of pairs .. 492 280 ------For export...... thous. of pairs .. 82 60 ------Stocks, end of month .•thous. of pairs .• 2,520 3, :!g[ 3Jg~~~ 3, :i!~ J~~l 4: :~!I 4. mI____ '_~~-~~~ ___ .'_:i_~~i---'-'~~:-~~ Mechanical rubber goods, shipments: Tota!______thous. of dolls __ 4,186 5, 8871 4, 932 4, 751! 5, 837 5, 2011 5, 271 . 7 55,127 7 70,0191 7 63,833 Belting ______thous. of dolls .. ::::::::::::::I 95{ 779 ------1 4771 1, 203 1, 086 1, 387 1, 203 1, 198 7 13,057 7 17,098 7 15,680 Hose ______thous. of dolls .. 1, 554 1,276 2: 135. 1, 830 1, 895' 2. 026 1, 811 1, 964 7 22,060 7 25, 893 7 23, 609 All other______thous. of dolls .• 1, 678 1, 345 2, 2741 1, 899 1, 770 2, 424 2, 1861 2, 109 7 20, 008 7 27, 0281 7 24, 562 Rubber bands, shipments ...thous. of lbs .• 197 165 165 2161 170 189, 216 201 188 2, 327 7 2, 333 7 2, 136 432 . 1 Rubber flooring shipments.thous. of sq. ft.. 682 543 1 517 61811 559 566 623 7 6, 050 7 6, 1611 7 6, 385 Calendered rubber clothing: 1 Production .... no. coats and sundries .. 41,291 22, 623 20. 791 ~~ ~m ~~I ~~ ~~ ~~ •ml ~m~~~- Net orders ___ .no. coats and sundries .. 25,082 15, 4931 12, 8811 76, 1941 95,423 16,09511 75,482 45,8761 36, 3631! 538,384 711,0751 791,277

HIDES AND LEATHER 1 lj 1 I, Hides I, I 1 Imports: 1 1

Total hides and skins ....thous. oflbs. _ 21, 512 18,207 20,47111 48,4891 50,916 41, 932 _ 11 35, 982] 24,720 30,228111 400,0091 515, 649! 505,750 Ca!fskins ______thous. of lbs .. 3, 264 I • 4, 9341 3, 542 2 624' 4, 3101 2, 690 4, 353 ' 7 30, 718 7 43, 197: 7 41, 041 Cattle hides ______thous. oflbs .. 6,888 ~: ~i~-----6;78ill 28, 264, • 28,187 26:060: 17, 883j 10, 103 13, 1181 187,1231 265,5791 275,481 Goatskins ______thous. of lbs.. 7, 268 I 5, 1671 6, 154 II 6, 4341 9, 838 6, 293 7, 9931 5, 773 6, 537 , 93, 525• 100, 1071 90, 765 Sheepskins ______thous. of lbs .. 2,821 1 965 3, 313· Stocks, end of month: Total hides and skins ____ thous. oflbs .. 1 288,617 290: Cattle hides ______tbous. of lbs .. 227,099 227,647236~------1 ------Calf and kip skins ______tbons. of lbs .. 26,972 ~~ ~~ ~i!'l ~:~ ~m1• ~J~I:~;i=;·}~~~ Sheep and lamb skins .•. tbous. oflbs .. 22,544 21,836 22, 799; 20,901 20,716 21, 09l ______34,546 34,28,221 3681 ------,______1 T______Prices: 1 1 Green salted, packers' heavy 1 1 1 1 native steers ______dolls. per lb .. .133 . 1181 .107 I .. 186 .164 .16o'i .219! . 2231i . 226~------~------·------Calfskins, country, No. Ldolls. per lb .. .172 1971 Inspected slaughter of livestock: . 1.56 . 14411 1 United States- 1 Cattle ...... thous. of animals .. 836 8391 . :::1 . :::~:1 . :::1 .::: . :::~-----~~:~:~-----~~~J----~~~:~ Calves ...... thous. of animals .. 4381 ~d ~g~,l ~ ~ ~ a m w 4,~ 4,~ 4,~ Swine ...... thous. of animals .. 3, 492 4 024• 4 647'1 3, 857! 4 499 5 083 3, 713 4, 455 5, 782 44, 266 48, 4461' 49, 714 Sheep ______thous. of animals .. 1, 727 1, 365! 1: 1591 1: 091; 1, 409 1, 189 1, 053 16, 6951 14,0231 13,487 Canada- 1: 3051 1: 4261 Cattle (and calves) ______thous. of animals __ 97 120] 114t 71:1 m 1061 721 97s1 1, mi 1, 116 Swine ______thous. of animals .. 160 1~~~ 1~~1i i~~! 234j 221 200 2321 2391 1, 9271 2, 351, 2, 548 Sheep. ______thous. of animals .. 185 98 1 sail Leather I ~ w w wll w l m a Sole and belting leather: I Production- I Sole only I I I I I 1 ___ thous. of backs, bends, sides._ 1, 333 1, 0711------1 1, 3021 1, 2261 1, 235 1, 447 1, 2641 1, 2121------14,5161 16, 136 Sole and belting _____ thous. oflbs .. 23,418 18,777------1 25,6651 23,9011 23,894 25,711 23, 184 22,277 ------284, 75-1, 292,074 Stocks, end of month- In process oftauning.thous. oflbs .. 78,815 77, 485]------.il 82,6791 83,922 84, 197! 83,388 80,931 78,6321------1------Finished ______thous. oflbs .. 84,036 86, 331:------il 60,044 63,451 64,0841 75, 1ss n, 363 8o, ~~ ..... ; ._____ f i!----io;is Exports ...... thous. of sq. ft .. 691 8251· 1, 1281 5831 1 8 065 95 4 Price oak, scoured backs. dolls. per lb._ . 41 .41 .40:1 . 55, Upper leather: Production ______thous. of sq. ft._l1 65,339 53, 65l. ______lII 80,473[ 69, ~=~ 72, :~ 72,::: 6:: ~:: 62, ~: ~--,-~~~:~J-;;~~:~J';;~;.-~~~ Stocks, end of month- I 1 143,576, 138,803 136, 9221 ______1 ______, ______In_:~o~~~~~~-~f_:~~~\;'lus. of sq. nJ 137, 513 133,357.------1 147, 3281 170,06711 143,265 Finished. ______thous. of sq. ft ..I 270,902 279, 0231'------i· 217,384 233,599 244,4281 251,350 253,470 251,4061------1------Exports ... ______thous. of lbs .. 9,838 7, 451 8, 118:1 9,004 8, 378j 7, 776;1 11,174 10, 268 11, 030 1 106, 2621 ll1, 570 135,559 Chrome, calf, black '' B" grade, com­ posite price, 6 centers.dolls. per sq. ft__ .372 . 367 ______lj . 3881 .385! .385:1 .55 . 49 . w I______! ______---· • Revised. 1 Cumulative through Nov. 30 31 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through 1930 I 1929 II 1928 I cUMULATIVE TOTAL FROM JAN, D ecemb er, except where otherwise I 1 THROUGH DEC. 31 noted. Earlier data for items shown here mag be found on pages ---~-~----~ 1 I . - I - 27 to 139 of the August, 1930, October Novem- Decem- October INovem· 1 Decem- I October Novem- Decem- 1930 1929 19'>8 ..Survey" - ber ber ber ber ber ber w ------____ I ___ ---1----1------1 HIDES AND LEATHER-Contd. i ~~ 1 i I i ! I ·

Leather Products 1 'I I i i I j Sho~~oduction ______thous. of pairs .• ! 27, 731 ______------37, 1911 27, 723i 22,4751 33, 3931 26,443\ 21, 909~------:------Exports ______thous. of pairs.. 268 270 208l 426!' 3421 294 340, 403!' 355 3, 028~ 4, 283 4, 331 1 Wholesale prices- I 1 I : Men's black calf . I I • I blucher, Boston.. dolls. per pa1r .. l 6. 70 6. 75 6. 75!' 6. 751 6. 7 I 6. 75 6. 751 6. 75 6. 7o~------~------Men's dress welt,_ tan calf . I I ' 1 oxford, St. Loms.dolls. per prur.. 4. 85 4. 85 4. 721 4. 85 4. 85j 4. 85 5. 00 4. 85 4. 85, ------'------Women's black kid, dress welt,. 1> i : lace, oxford ______dolls. per p~lr__ 4. 25 4. 25 3. 6611 4. 25, 4. 25i 4. 25 4. 25 4. 25 1 4. 25i ------~------Gloves, cut______.dozen pairs__ 236,911 236,263 157, 0791 _ 318, 04J:,I 284,929: 213,861 236,907 1 223,5001 179, 3301 2, 839,754, 3, 136,751 2, 551,900 PAPER AND PRINTING 1 1 1 1 Wood Pulp I I ! ,1 : I i

Gro¥>~gd~~fi~~------short tons ___! 96,465 102,957 110,5781 122,923 1 122, 166! 126, 52311 131, 5581' 145, 120! 135, 7851 [1, 510, 894l! 1, 603,553 1, 605,919 Consumption and l 1 i I 1 shipments ______short tons__ 121,335 110,502 109,740, 146,6001 140,240 129,623 146,383 141,775 129,3221 1,496,2321 1, 666,627 1, 637,233 Stocks,endofmonth ______shorttons__ 82,205/ 74,660 75,4981 88,762 70,6881 67,588 118,182 118,548 125,0111------1 1 Imports_. ______short tons.. 31,305 21,776 ------27, 020,· 21,223 36,186 23, 884! 19,627 27, 17l,'l 7 272,4871 7 237,277 7 223,708 Sulphite, unbleached: 1 1 ' I Production ______short tons__ 22,166 18,532 17,860 I 21,662: 21,512 21,010 20,982: 20,448 19,240 I 242, 460 ! 244,050 243,248 Consumption and I 1 1 i 2 1 1 2 2 2 2 1 st~~lfs~:gJsorilloliiii::::::~~~~n~~~==l ~;~~~ ~;~~~ ~:m11 ~;;~~~ ~;~~3 ~;~~ !;~~~~ ~:~gg ~;g~L __ :~~~~~~ 1---~~~·-~~: ___ :~:~~~ Imports ______short tons .. , 52,286 76,850 ------~~ 68, 974· 80, 133 ------74,610 55, 441.______7 680,9851 7 729,328 '637, 000 1 sulp~'l!:~hed- 1 I 1 1 I Production ______short tons __ 47,790 40,938 38, 698[ 57,6261 52,296 50,790 1 53,, 594: 51,020 46,490, 591,860 625,788 595,692 ~· 1 1 Consump. and ship ____ short tons__ 48, !18 40,634 38,844 1 57,248 51,674 51, 238' 54 772 50,204 46, 252J 588,9881 625,046 595,302 1 1 Stocks, eud of month __ short tons__ 9, 048 9, 352 9, 206 6, 136 6, 758 6, 310 4, 8121 5, 280 5, 518 ______------Imports ______short tons.. 30,484 30,595 ------i 31, 563l1 27,589 ------, 30,8481 32,321 ------1 7 331,5611 7 338,315 7 312,445 Total sulphite- i 1' I I I Production ______short tons __ , 140,264 121,276 !17, 15811 163,4421 150,762 142,784 154,8661 147,354 136,304 1, 654,0221 1, 794,492 1, 739,644 Comsump. and ship ___ short tons__ 141,852 120,780 116,830 1 162, 132 149,470 142,054 156,878: 145,428 135,462, 1, 649, 8C4 1, 796,726 1, 742,048 Sulphat~:tocks, end of month ..short tons __ 27,896 28,392 28,720 1 22,444 23,7361 24,466 26, 262J 26,030 26, 872i ------1 Production ______short tons__ 1 44,454 37,208 36,2041 42,9941 40,200 35, 176[ 36,8681 41,034 37,7921 505,334 499,932 421,846 1 11 4 3 3 4 3 3 3 4 3 ~l~~~!ii~:r::ili::::::~~g~t t~~~==1 k~i~ ~: i~~ ~: ~~g i: b~~i ~: ~~ ~: ~~g 1 ~: ~b~ 1 1:6~~ ~: ~&L_:~~~-~~~ ---~~~~~~~ ___ :::~~~~ Soda: ! I' 399, 806 Production ______short tons __ i 30,684 28, 966 28, 560 1 1. 39, 142 36,990 36,0281 36, 548 1 34, 428 34, 428·1 453, 610 420,366 Consumption and I 1 111 i I 376, 570 shipments ______shorttons.. , 28,954 28,346 27,128j 38,4701 36,200 34,824\ 35,864 34,394 33,568[ 440,896 417,370 Stocks, end of month ______short tons.• 1 5, 642 4, 936 5, liS I 6, 180j 5, 668 5, 606!1 8, 974 1 9, 136 8, 816~-- ______------Oth~r~~':t~~1~n ______short tons..l 168 122 92' 1241 44 soil 15211 liS I Consumption and 'I ' I II ' 4011 1, 7061 1, 012 1, 274 shipm.euts ______short tons__ 136 l!O 124! 68: 196 144 180' 268 38J 1, 722 1, 014 1, 558 Tot~ltC~nsgr~d~s)~ month ______short tons__ 215,54780 187,56702 281 245, 720620\j 108 214,04684,11 228, 413944,! 222,94434 46~~------Production ______short tons.. ! 182, 014 227, 996 I 208, 564l'l' 2, 560,868 2, 749,046 2, 583, 130 Consumption and · I I shipments ______short tons __ l 212,388 183,346 177,272 244, 792 225,444 212, 8801 231, 800, 221, 262 207, 358 2, 506,790 2, 742, 138 2, 588,692 Stocks, end of month ______short tons.. 42, 560 42,882 43,862 35,914 37, 554 37,956 40, 032! 40,240 40, 694~1 ~------.------

Newsprlut Paper I i 111 ! I' Production: i 'i

Uni~ed States, _totaL ______short tons __ , 105,450 92, 337 99, 276 122, 009 1l' 113, 729 !12, 58311 122,4151 123, 646 115, 049 ,,1_1_,_28__ 3_,_7_9_6__ 1_,_3_8_6_,_5_6_4__ 1_,_4__ 14_,_9_5_2_ Hat10 to capaCity______per cent._ . 72 68 69 81 81 801 81! 90 841 Canada ______short tons__ 213,817 201,703 184,755 251, 914i 252,046 230,008 1 217,290 223,645 208,4841 2, 497,093 2, 726,572 2, 381,102 Consumption by publishers ___ short tons__ 236, 867 225, 569 215, 593 207, 218r 205,814 194,907 189, 240 207,056 185, 6261 2, 510,020 2, 282,922 2, 126,896 Shipments: 1' 1 1 United States ______short tons __ 1 102,808 93,631 99,062 122,0401 116,725 117, 1311 121,7291 122,761 115,033 1, 269,396 1, 404,383 1, 397,393 Canada ______sbort tons__ 221,748 213,673 188,845 252, 591 253,219 234, 1001 222,4301 233,924 215, 133 2, 487,564 2, 635,082 2, 399,030 Imports ______short tons__ • 222,987 221,078 230,579 200, 362[ 201,416 207,727 2, 279,740 2, 422,703 2, 154,930 209,944 195,953 194, 144 1 1 ~t';Pc~~;s;;il,foimonili:·------short tons__ 200,776 173, 149 225,495 232,441 229, 142 6 225,0321 211, 228i 196, 187 213, 162! 2, 331,011 2, 515,496 2, 206,587 1 1 1 At mills- 1 I I 33,318 31,818 32,061 I 52,547 40,3721 36,777 ii_=_-:·:::::: ___-::::_:·:: ::::::::::_:·:: ___-::::11:::::::::::::::::::: At publishersg~~;:ga~-t-~t_e_s:~::::::::~~g~~______short tons~~~u __ , 211,716 198, 151 217,651 1~:88,, m:570! 198,550~: ~i 220,024~~: g;~[ 188,~~: 980Igi~i 187,223~~: g~l 153912~5.·,· o~6124~2~2 In transit to publisbers ____ short tons.. 41,017 50,539 38,821 51 864 61,525 58,524 45,289 53,674 3.25 3. 25 3. 25 Price, roll, f. o. : :i~~~:=lls. per 100 lbs__ 3. 25, 3,. 25 3,. 25 3. 25 3. 25 3, . 25 !___ : __,______:_ __ ,_ ___ 1, ______,_ ___ 0 1 Operation ______thous. of inch hours__ 8, 391 7, 083 ------9, 707: 8 6901 6 844 11 9, 827 9, 096 7 884 90 491 10 2 176 79 7 037 Operation ______per ct. of capacity__ 68.5 65.0------76. 7'l 74.4 58.6 77.9 77.9 67.5 '------1 ------1------Production. ______short tons.. 253,889 202, 589 ------269,611 241, 780 1$2,699 253, 180 245, 713 211, 516 '2, 524, 129 72, 769, 03517 2, 541, 268 iJ~"filJ:£~~~eis,-ei1ctoTmonth~~~~g~t ~~~~:: 2g~; ~~ 1~~; i~g :::::::::: 2~~; ~~~~ 2~~; ~~~ 1 ~~; ~g ~g; ~~~ 2g;; g~t 2~; ~~~ ~~:~~~~~~~~ ~~~~~~~~~~~~:~~~~~~ Consumption of waste paper___ short tons.. 228,588 191, 021.______254, 163 230,046 172,336 245,734 228,247 200,572 12,410,43612,616,32412,370,529 Shipments ______sbort tons__ 251, 810 201,980 ------270,9291 237,747 182,603 254, 530 241, 524 204, 184 72, 517, 266 12,763,32417 2, 536, 120 Stocks, end of month ______short tons__ 69,799 70,408 ------59,416 63,449 63, 5451' 43,558 47,7471 55,079 :------1------Stocks of waste paper, end of month: i 1 funt~:g,kaiid'nilsiiij)iie

Production ______sbort tons.. 103, 525 93,897 100, 1 8~~~ 154, s6ol 144,020 133,9391 132, 633 126,001 122,221 : 1, 369,750 1, 634, 505 1, 506, 934 Hatio to capacity ______per cent__ 74I1 73 o 1041 105 98I 87 90 87~------Shipments ______short tons__ 106,838 93,428 101,0907 I1 138,290: 139,123 133,939 133,429 124,615 122 221 1 342 264 1 618 882l1 499 184 Stocks, end of month ______short tons__ 114,7661 115,340 114,302 79, 580] 85,946 85,9461 81,579 82,395, 82; 395, 1--~---~--- --~---~--- --~---: __ _ 6 Hevised. 7 Cumulative through Nov. 30. 32 TREND OF BUSINESS MOVEMENTS-Continued

j[ CUMULATIVE TOTAL FROli JAN. The cumulatives shown are through 1930 1929 I[ 1928 I ~:~:;rbe'ka~~r:!t d'a~~ref~~he!tr::::.: I------~----~~ . --1 1 THROUGH DEC. 31 shown here may be found on pages D N 1 27 to 139 of the August, 1930, October I Novem- ecem- I'I October ovem· Decem-~ October') Novem- I Decem-~1930 I 1929 i' 1928 "Survey" ber her !I her ber 1 her ber 1 PAPE:t:::a::r~:::::~ontd. ~~------~~~~--- ~--~ --~~~- - ~~~---~~---~~~~~---~---,~·---

Wrapping paper: Production ______short tons.. 83, 905l 76,628, 74, 554~ 89,021 86,1961 78,8721 96, 907) 91,249 90, 979ll 960,785 1, 066,59811,123, 177 ~i~i'n~~~:~~~~~~======sii~~~ ~~~~== 84, 1~! 11, 1~fl 73, 1~~ 93, 6~g 86, 1g~~~~ 11, ~;, 94, 9~&1 91, 2~~ 88, 1~~~ ---97o;574 Tii7i;2iis1Tiii;25ii Stocks, end of month ...... short tons.. 71,916 1 70,881 72,3331 82,491 82,458 84, 025·1 93, 416~ 93,2031 96, 123; ...... 1...... +------Fine paper: 1 I 1 ' Production ...... short tons.. 34,4861 29,085 25,485 41,830 38,746 35,2811 39,680: 37,463 35, 263) 422,210 467, 947i 458,763 Ratio to capacity ______per cent.. 72l 64 521 91 91 831 84i 88l1 80 ------1------~~~E~~~~sd.ofmonth======~~~~~ ~~~~== ~i; ~I ~~; ~gr ~~; ~i~~~: !~; ~ro ~8: ~~~ ~~; ~~~~ ~~; ~~! ~~; ~r~,: ~~: ~~~~:~---~~:~::: ---~~~~~~~~---~~~::: All other grades: j Production ______short tons__ 87, 455[ 77,846 75,094 1 113,260 99,192 88,194 112, 529, 102,7031 93, 374'11, 051,5281 1, 231,35311,228,547 1 1 Shipments ______short tons__ 88,985 78,3491 71,717\ 114,395 97,863 84,994 115, 563[ 101,4831 91, 785'. 1, 049, 20l1 1, 220, 163l 1, 223,549 Stocks, end of month ______short tons__ 62, 903; 62, 4001 65,777 56, 189 57, 500 60, 700 61, 340! 63, 578 62, 015• ------1------·------Totalpaper (inc. newsprint and box board): I 1 I Production ______short tons__ 668,110 573, 382 ...... 790,591 723,6631 631,568 757, 344! 726,775 1 668, 402'l17 7,237,6001; 8,107,133 7 7,810,515 1 0 1 1 ~i~~~ n~:~~~~~~======sii~~~ ~~~~== 669, sb~i 573, 4nl======l 780, 1~~ 714, 4~~~ 628, 1~~ 759, 9~~~ 718. 3~~1 655, l~~'l''i,is6:75i -,-8,097;49o!i-i,763;549 Stocks, end of month ______short tons__ 419, 711 418, 548 ______.,,1 353, 079 363, 6511 367, 087 370,0611 376,0321 385,88\------!------

Paper-board Shipping Boxes 1 11 1 1 Operating activity: 1 I :,1 I ' TotaL ______per cent of normaL. 76 671 60! · 91 791 631 88! 82l 71 :_ 1 1 518,3:: 428,2:: 359, 4:!! 574, 1:: 485,3:: 367,5:: 477, 478,6::1 435,7:: Pro~{~;~;~!~:!~~~~~~~~~?_:::::.l ~~::!~~ 1 9!:1 =~~~~~~;~J~~~~~~~~t~~~~~~~~ Corrugated ______thous. of sq. ft.. 425,900 347,876 283, 933il 457,425 387,935 296,457 374, 342J 370, 302' 348,090 4, 578, 292' 4, 724,7071 4, 047,919 Ro~\:r;£~~~~~~:~~~~~~~~::~~:~ o:9:~~:::: 92, 4:~ 80, 3~:~ 75,5:: 116.::: 97. ::~ 71, o:: 103,:: 108, ::~ 87, 6::~~~ -~~~~~~~~r~~~~~~~~~;~~~-~~~~~~~~:

Printing 11 11 Sales books: I New orders ______thous. of books__ 12, 217 11, 053 9, 455 ' 13, 834 12, 108 9, 832 13,958 12,730 11, 123 139,447 147, 804i 148,804 Shipments ______thous. of books.. 13,428 10,723 10,893 14, 147 12,785 11,819 14,6051 13,080 12,462 141,397 151,6851 147,948 1 Book publication: 1 1 American manufacture ...no. of titles.. 712 785 61811 807 873 537 9331 765 797: 7, 335 8, 393: 8, 491 Imported ______no. of titles__ 95 141 247 134 235 228 1601 104 264: 2, 066 1 1, 7941 1, 863 Blank forms, new orders ____ thous. of sets__ 78,707 47, 878 69,004. 75,622 66,464 57, 063 67,957 59, 429 63, 6141 750, 861 728, 890 611, 429 1

w "' - 1 "" •roll 11311 112 ------:------:.::.=~~!~~~:~· =~ 1~~ •~ 1 114~~~~------

1 Building materials: . II 1 : Frame house, 6-rm. 1st of mo.rel. to 1913__ 171 165 1681 178 178 177 1791 177 1751 l ~t~~~Fi1)~;~~'~·f!!~:- ·~ ·~~~ "fj ~~ ~ ,.~ ""~I ,.~ "~~~::::r: t::: Brick, steel frame ______rel. to 1913.. 186 1801 1791 198 198 1971 197 197 197,1------~------'------Brick, wood frame ______rel. to 1913.. 202 196'1 196 215 215 214 213 213 212 '- --- 1 Reinforced concrete______rel. to 1913.. 190 185 184j' 202 202 201 2011 201 201: 1:::::::::: ::::::::::1.:.:.:.::: Building and Engmeermg. . c on- I I ·II: ' 1 : struction 1 Total construction, all types: I ProjectS------number.. 12,158 9,127 7, 391 1 15,097 10,483 7,, 2811 17,929 14,330 11, 945! 135,272 172.17li 200,255 Floor space ______thous. of sq. ft__ 39,484 33,099 29,055:1 65,609 51,052 44 008 85, 703 73, 756 65,201. 510, 382 791, 098i 966, 558 1 Valuation. ______thous. of dolls.. 6 336, 706 253, 574 249, 436ll 445, 642 391, 013 316, 3681 597, 104 471,482 432, 7561, 4, 523, 11515, 750, 791,,' 6, 628, 286 Commercial buildinp:s: 1 1 Projects ______number__ 2,015 61,4811 1,174~~ 2,226 1,805 1,309 2,113 1.843 1,523il 22,599 24,136; 23,583 Floor space ______thons. of sq. ft.. 6, 673 • 4, 7271 3, 555, 13,274 13.666 5, 369 14,097 13, 785 11, 566, 97, 853, 161,262: 159, 192 Valuation ______thous.ofdolls.. 35,653 629,509l 25,092! 67,733 101,769 33,392 67,330 68,309 66,773 'll 628,810 929,188; 8S4,610 Industrial buildings: 1 1 1 Projects.------·-number.. 427 6356 1 294 1l 679 516 417 626 MO 433'1 5,225· 6.680i 6,067 Floor space ______thous. of sq. ft __ 1 2, 705 6 2, 212 2, 163,1 9, 297 7, 159 13.453 10,004 6, 8981 6, 346: 58, 164i 108, 781 95,382 Valuation ______thous. of dolls.. 16, 150 • 17, 649 15, 1561fi 60,864 39,674 67,392 62, 259 38, 665 38, 248. 459, 913 ' 756, 512 635,390 Educational buildings: 11 1 I Projects ______number.. 283 202 197 346 216 193 289 263 180:1 4 771j 4,5311 4, 759 Floorspace ______thous.ofsq.ft__ 1 3,584 4,275 4,012. 5,669 3,928 3,232 4,965 1 4,490 4,19511 58;5511 60,644j 62,98 Valuation ______t.hous.ofdolls .. j 28,554 29,528 24,5271 36,893 25,7021 19,842 31,2931 30,023 25,370:.' 376,050!! 381.90Sj_ 398,997 Hospital and institutional buildings: 1I Projects ______number.. 110 72 69 147 85 69 1021 94 91; 1,223, 1,1901 1,141 Floor space ______thous. of sq. ft.. 1, 052 816 752 2, 5971 2, 414 773 1, 970] 1, 955 1, 82911 19, 120: 19,4941 20,004 Valuation. ______thous. of dolls.. 11,556 6, 937 6, 769 19,992 19,578 6, 147 17, 1481 16, 519 17, 753:1 163, 12lj 152, 204; 164, 728 Public buildings: i I' , , Projects ______number.. 137 114 107 110 59 63 123! 106 102;1 1,4771 1,303i 1,383 Floorspace ______thous.ofsq.ft __ 1,176 645 1,710, 1,405 530 586 822! 628 1,173 1 17,023 12,626 11,287 Valuations ______thous.ofdolls... 14,.553 5,240 1_9,5451 14,197 5,956 6,708 5,495! 4,387 9,258:11 139,816 120,778~ 76,245 Religious and memorial buildings: I 1 lj 1 Projects ______numher..l 162 6 111 102 208 155 120 20311 170 1241 2, 045! 2. 277; 2, 520 Floor space ______thous. of sq. ft __ 667 6 496 446 1 1, 241 669 76,5 1, 094 949 644:1 10, 862: 12, 817i 15, 398 1 1 Valuation ______thous.ofdolls.. 5,386~64,564 5,177j 11,024 5,773· 5,618 8,097 7,861 6,082,,1, 92,837,1 106,1111 127,947 Social and recreational buildings: 1 Projects ______number.. 227 6 169 1271 207 145 128 2201 177 133'1 2, 551! 2, 4841 2, 657 Floor space ______thons. of sq. ft__ 1 1, 047 6 771 1, 108 2, 549 1, 033 1, 401 2, 775 1, 861 1, 218 I 14,606 19, 709! 26,691 1 Valuation ______thous.ofdolls .. 9,583 67,670 5,849 12,133 6,676 11,398 17,0931 12,265 10,756 ! 113,298!1 140,0191 214,121 Residential buildings, aU types: I 11 Projects .• ______n\1mber.. 6, 82 5, 368 4, 340. 9, 300 6, 441 4, 180 12,461 10, 101 8, 47~:[ 74, 7!3 110,4981 139, 133 Floor space ______tho us. of sq. ft__ 22, 33 18, 844 14, 7051 28, 8231 21, 385 17, 773 49, 579 42, 1701 37, 19oif 230, o.. o,1 387, 6ill 568, Z83 Valuatiou ______thous.ofdolls.. 104,67 80,782 70,911 137,690 113,523 114,050 239,692! 200,226, 178,32311,101,31511,911\,72812,788,317 'Revised. 7 Cumulative through Nov. 30, 33 TREND OF BUSINESS MOVEMENTS-Continued

BUILDING CONSTRUCTION AND HOUSING-Continued BuDding and Engineering Construe­ tlon-Continued Public works and utilities: Projects ___ ---- __ ----______number-- 1, 975 1, 254 981 1, 874 1, 061 Floor space ______thous. of sq. ft__ 244 312 604 754 268 Valuation ______thous. of dolls __ ! 6 110,601 71, 696 76, 412 85, 117 72, 361 Contracts awarded, Canada_thous.ofdolls __ 33,332 39, 311 24, 542 57,084 4.5, 376 Building volume (A. G. C.) ___ rel. to 1913 .. 186 173 ------233 235 Real Estate market activity___ rel. to 1926 •. 74.0 64.6 68.9 85.8 80.6 Fire losses: United States ______thous. of dolls __ 36,839 Canada (Monetary Times)_thous.ofdolls 2, 796 BUILDING MATERIALS Softwood Lumber Southern pine: Production ______M ft. b. m __ Shipments ______M ft. b. m __ New orders ______M ft. b. m __ Unfilled orders ______M ft. b. m __ Exports,lumber______M ft. b. m __ Exports, timber ______M ft. b. m __ Price, flooring ___ dolls. perM ft. b. m __ Douglas fir: Production (computed) ___ M ft. b. m __ Shipments (computed) ___ M ft. b. m __ New orders (computed) ___ M ft. b. m __ Unfilledorders,endofmonth_Mft.b.m __ Exports, lumber ______M ft. b. m __ Exports, timber ______M ft. b. m __ Price, No.1 common_dolls.perM ft.b.m __ Price, flooring, 1 x 4, "B" and better, V. G .dolls. perM ft. b. m_ California redwood: Production (computed) ___ M ft. b. m __ Shipments (computed) ___ M ft. b. m __ New orders (computed) ___ M ft. b. m __ Unfilled orders, end of month (computed) ______M ft. b. m __ . Northern pine: Lumber- 1 Production ______M ft. b. m __ : Shipments ______M ft. b. m __ l New orders ______M ft. b. m __ , Latlp--;oduction ______thousands __ i Shipments. ______thousands __ North Carolina pine: Production (computed) ___ M ft. b. m __ Shipments (computed) ___ M ft. b. m __ Northern hemlock: Production ______M ft. b. m __ l Shipm;~;~~-~~~-~~:~: ft. b. m __

1 Walnut lumber: Production ______M ft. b. m __ 1, 386 1,444 1, 184 Shipments ______M ft. b. m __ 1, 907 1,470 1, 187 Stocks, end ofmonth _____ M ft. bl m __ 18, 796 18, 731 17,670 New orders ______M ft. b. m __ 1,809 1, 343 1, 203 Unfilled orders, end of month ______M ft. b. m __ 3,646 3, 393 3, 118· Walnut logs: Purchased ______M ft. log measure __ ! 1, 294 1,460 1, 2041 Made into lumber and veneer ______M ft. log measure __ , 1, 421 1, 340 1, 14611 Stocks, end of mo __ M ft. log measure __ 670 791 Northern hardwoods: 77711 Production ______M ft. b. m __ 4, 772 4,382 Shipments ______M ft. b. m __ 8,14711 11,285 9,374! 8,021jl Gum: Stocks, total, end of month ______mill. ft. b. m __ I 608 610: 6111 Stocks, unsold, end of I month ______mill. ft. b. m __ 504 5091 511 Unfilled orders, end of I month ____ .______mill. ft. b. m __ 104 1021 100 Oak: Stocks, total, end of month. ______mill. ft. b. m __ 1, 021 1,0221I 1, 022 1, 033 Stocks, unsold, end of 1, 02911 month ______mill. ft. b. m __ 924 92Sl 823 852 Unfilled orders, end of I month ______mill. ft. b. m __ 97 95 1 199 181 All hardwoods: I ':II Production ______mill. ft. b. m __ 158 143! 1341 296 259 Shipments ______mill. ft. b. m __ 169 133' 125 278 221 New orders ______milJ. ft. b. m __ 154 148, 125 281 184 Stocks, total, end of month ______mill. ft. b. m __ 3, 270 3,2731 3,319 2,887 2,979 Stocks, unsold, end of month ______mill. ft. b. m __ 2, 805 2,8211 2,863 2, 227 2, 356 Unfilled orders, end of month ______milJ. ft. b. m __ 466 4521 4561 660 622, • Revised. 34 TREND OF BUSINESS MOVEMENTs-Continued

The cumulatives shown are throuf!h I lj II [I CUMULATIVE TOTAL FROM JAN. December, except where otherw1se I 1930 1929 1 1928 1 THROUGH DEC 31 :;:!';,; he~:~:; b:'}~':.n~o~n ~:::: r----~--N- -~-D---, - 1-N ---- - D--- ·~----- N D I I. - 21 to 139 of the August, 1930, October 0 'ern- ecern- IJ October ovem- ecem- October ovem- ecern- 1930 1929 1928 ..Survey" , ber ber ber ber ) ber ber 1 I BUILDING MATERIALS-Continued ~------i ---~- ---:.. [ - -~------.~------~------

I I ' FIoor1ng - I 1 1 1 i II: 1 1 1 i I ', II I I Maple floor!~g; 1 , .,! I ' I II I • ProductJon ______Mft.b.m •• ., 128 3,3121 3,2lli 7,813~ 5,574 6,1071 8,204 8,721 8,866, 53,642 18,585, 94,399 Sbipments ______M ft. b. m.. 3, 3751 2, 813!' 1, 9551 6, 896: 4, 379 3, 060 1 8, 543 6, 230 5, 7841 49,531 76, 051)' 93,124 Stocks, end of month. ____ M ft. b. m.. 25, 921 26,468 27.4171 22, 421! 2:3,659 26,523 21,352 21,960 24, 6741!. ______------New orders ______M ft. b. m.. 2, 821 2, 964! 2, 036! 4, 2971 3, 227 3, 053 1 7, 230 6, 537 5, 382\i 43, 548 68, 107i 89, 760 1 u::::~~;:;;;;~;.: m. '""t "''I 'i ''"'! 'm '"' '"' '"' '·'"' .. ·1~------~:uooig~~P~W~~~~~!~~~~~~~~~~~~~~ ~~~t~ 6 21M~~~· 156s3gogl 1593~~g! 31o8d 21251~~~ 2977r~ 1 2606~~~ 24\1~~ 249~~~ :_~·-~~~ -~~~~~·-~~~ -~·-~~~~~ Shipments (prorated) ______short tons__ 6 252,800 6 208 go. gj' 178, ooo:l 323, I.s~:.: 263 .. 725: 246.400 1 318, 780 274, 120 279, 12o• i _a_._~~~~~~ -~·-~·-~~~~-~~~~~·-~~~ Ratio to capacity ______per cent.. 6 63.21 6 5 44. 5I 68. 5, IH. 0 82.8 71.2 72 5 8 1 Portland Cement i I I i i : I i I il i i : Production ______thous.ofbbls__ 14,410j 11,098i 8,480, 16,7311 14,0531 11,2151 17,533 15,068 12,1891 160,905 170,198 175,968 1 ~friE~~~d-~~-~~~i~-~~~~~1~~~r~a~~~:: ~~~~~~ ,l~~~! . 2~~~~~~~· ~~~i~~~: ~~~~~!! l~~! i ' ~~~i~8~ g~~~! liii 1:::~~~~~ :::~~~~~~ :::~~~~~~~ Stocks, clinker, 1 1 ~~1io~~1~f-'coilll>osiie~~giJ~: ~~rb:~~~= I:~~ 'I:~ ~: ~~~~ ¥: ~~~~~1 ~: 1n I:~;~~~1 ~: ~~ ~: ~~& I:~~~ 1::::~:~:~: ==~~~=~~=~ ~=~=~::::: Stocks, end of month- i I j Burned. ______thousands.. 405,082 429,896 290,1441 395,919 497,099 475,7351 454,931 537,712 461,357 ------2

Ship~e~~~~~~~~~~~~~=~:~Jg~~~~~~~~= rog~g rg~:~~~ ~~:~~~~ rn:i~~l ~~:~~ ~g:~;i 1 1~~:~~ ~~:~~~ ~~:6~~~-i;oos;so:l 1,561,656 2,230,660 Unfilled orders, . end of month ______thousands.. 101,906 121,389 84,550 133,083 154,766 141,143 145,427 204,189 182,791 :------Plants closed down ______number.. 76 90 65 58 115 132 1 49 67 84 981 685 498 Price, red, New York.dolls. per thous.. 9. 50 9 50 9 50 1 9 50 10.00 10 00 I 12.50 12.00 12 00 ______thousands.. 7, 925 7, 17, 14,011 9, 21,590 18,164 14, San't~~d~~l~~: ~26 ------~-- 1 ~631 ~15[ ~22 ---,-~~~~~ --,-~~~~~~ --1-~~~~~~ Shipments by rail ______thousands.. 3, 437 3, 044 ------~ 5, 150 4, 956 2, 658 1 5, 562 4, 588 3, 765 1 33,584 1 47,016 1 61,913 Shipmentsbytruck .•••••.thousands.. 6,169 4,,659 ______10,863 9,938 5,2461 15,802 12,942 10,160 762,843 1117,723 1129,479 Stocks, end of month ..•••.thousands.. 12,260 12 730 12,957 10,854 13,859 1 14,446 11,579 15,596 ------Unfilled orders, end of I 1 month. ------thousands.. 7, 567 8, 133 ______12,943 9, 708 7, 008 1 13,435 10,447 9, 509 ------. Face brick: Production ______thousands.. 748 543 494 1,095 902 723 1, 240 1, 236 1, 053 7, 856 12,783 13,182 Shipments ______thousands.. 767 536 365 1, 064 756 443 1,166 973 737 8, 501 11,962 12,949 Stocks, end of month ______thousands.. 3, 6621· 3, 677 3, 823j1 4, 110 4, 249 4, 500 2, 826 3, 422 3, 820 ------Unfilled orders, end of month ______thousands.. 901 821 778 1, 285 1,165l 1,189; 1,483 1,263 1,172 ------Floor and wall tile: 1 Production ______thous.ofsq.ft .. 84,135 3,133. ______5,416 4,385 5,049f 7,636 6,429 5,778 140,556 763,520 765,863 Shipments,quantity.. thous.ofsq.ft.. '4,572 3,790______5,089 4,060 6,382. 7,260 5,208 4,332 745,182 759,693 '65,045 Shipments, value ....•. thous. of dolls.. • 1,, 503 1,113------2, 097 l,IH7 1, 322 i 2, 731 2, 021 1, 683 716,063 123,719 1 24,746 Stocks, end of month.. thous. of sq. ft.. 6 14 821 14,163~------19,047 19,372 18,039 12,877 14,099 15,545 ------Terra cotta, new orders: , Quantity ______nettons.. 5,930 3,373 3,799 6,566 7,452 8,307 1 15,597 9,998 9,453 74,665 118,818 148,755 Value ______thous.ofdolls .. 556 329l 3501!1 716 790 8701 1,460 949 983 7,213 12,911 14,172 ~~Production, polished .. thous. of sq. ft._ 8, 583 7, 103] 4, 94li 14, 621!I 12, 1311 8, 482 II, 140 I 11,646 10, 579 105,824 150,498 130,1H8

1 Roo~~~d~~ifon, d~;~::~------tons.. 21,470 8,9441 8,106~ 25,502! 19,2491 16,191 23,9301 17,424 14, 475 227,275 303,609 281,420 Stocks, end of month, dry felt. .. tons.. 4, 799 4, 036 3, 731,, 4, 790 5, 009 4, 970 3, 367 4,045 4, 600 ------Prepared roofing, shipments: 1 1 1 TotaJ ______thous.ofsqs__ 3,259 1,484 I 3,3081 2,326 2,0351 3,4531 2,471 1, 673 126,748 1 37,826 34,867 1 1 16,947 '15,231 Smooth roll. ______thous. of sqs.. 1, 575 742 ~----~----~-=----~-~_:_·• 1, 502: 1, 161 950 1 1, 604. 1,209 842 11,778 Grit rolL ______thous. of sqs__ 922 372 836 532 509 8241 529 330 16,905 19,480 19,278 1 1 Shingles-Strip, patented, and hexa- I I 1·i I 1 1 620 417 16,58 19,478 1 8, 585 In~~~lduaianclslngi!hous. ofsqs .. , 572 283 ------1~ 795 510 ' 482li 851 1 I thickness ______thous. of sqs.. 19 86------175j 123 1 941 1731 113 83: '1,484 11,921 11,770 11 1 BUILDING EQUIPMENT ! i I I Enameled Ware ! . 1. Baths: 1 1 I Shipments ______pieces.. 48,547 '35, 489 36,008 65,5301 50,417 46,7151 93,174 68,783 58,425, 591,982 938,417 1, 116,988 Stocks,endofmonth ______pieces.. 166,248 '168,808 167,932 162,465) 166,397 163,7281 147, 656 165,738 175,1041 ------· New orders ______" ______pieces.. 43,750 6 30,813 52,254 57,0541 44,668 45,5071 82,893 68,815 57, 2461 588, 1261 939, 003 l, 137' 695 Lav~~~~:~ orders, end of month .. pieces.. 25,142 6 20,466 36,712 47, 525i 41,776 40, 568j 41,129 41, 161 39, 982~------+------Shipments ______pieces.. 58,273 '47, 078 48,023 85, 836~ 66,951 66, aooj 99,250 79,218 71, 6071 742,92611, 118,213 1, 265, 661 Stocks,endofmonth ______pieces.. 204,496 '205,517 214,472 176,246[ 173,570 155,1891 180,651 195,323 207,940 ------1------New orders ______, _____ pieces.. 52,509 • 41,227 72,493 72,0391 54,7621 54,9321 87,524 78,617 65,885 743,5921 1, 123,216 I, 283,026 Sinks: I I Shipments ______pieces.. 61,486 • 51,027 43,9681 93, 642!' 68,675 65,947 111,740 89,304 73,623 759, 937~ 1, 159, 4ll 1, 317,626 Stocks,endofmonth ______pieces .. 246,632 6253,374 261,800 243,567, 248,685 234,340[ 230,7251 242,837 258,426 ______!______New orders ______pieces.. 58,504 • 44,8971 61,567 78,4301 61,502 49, 816l 103,1091 92,328 70, 031 749, 215j 1, 156,660 I, 330,058 Miscellaneous sanitary ware: , 1 Shipments ______pieces.. 29,142 6 22,065 19,680, 40 277 28,557 27, 642; 46,1291 45,466 34, 971 339, 3osl 455, 223 560, 348 Stocks, end of month. __ . _____ .pieces.. 106, 858 • 108, 795, 112, 4601 124, 3391 123, 138i 122, 2281 116, 110 125,108 1 New orders ______pieces.. 27,840 • 21,4531 25,092 35,468 25,4061 24,3381 1 40, 157 44,762 ~: ~f~ '"3:i7;626t'"455;6ii5 557,854 Small ware (all except baths): 1 Unfilled orders, end of month __ pieces.. 74, 198 • 61, 605 109,086 174, 1401 !51, 627 120, 824' 129, 154! 130, 873 Vitreous china plumbing fixtures: i 118,100 ------1------New orders ______pieces __ 141,036 113,7101 131,807 240,6061 215,0921 201, 858[1 222,1901 221,575 231,771 1. 843,920, 2. 912,876 3. 079,675 Shipments ______pieces.. 158,839 121,259 108,065 215,033 174, 1491 170,381 236,781 201,925 I Unfilled orders, end of month.. pieces.. 243, 116 235, 567,1 259, 309 369, 3481 410, 291 441, 768[ 303,917 323, 562 1 3. 012.173 Stocks,endofmonth ______pieces.. 1 593,492 582,675! 609,434 1 601,8321 624,472 640,171 531,ll9 554,422 !~H~& =~=~~~·=~~r=~~~·~~~; 6 Revised. 7 Cumulative through Nov. 30. 35 TREND OF BUSINESS MOVEMENTs-Continued

65 59 ··•····•·· ...... ------6.0 17.0 ------

1,033 2,472 2,219 1, 537 2, 749 2,474

1, 238 ~·2~~!!,,, ' 3,024 !I 1,003,1 835 4,1311: 2, 344t 231 1~~!! 6 5, 186 1: 1721 195 1551

:~~100 164199 98, 97 'Revised. 'Cumulative through Nov. 30. 36 TREND OF BUSINESS MOVEMENTS-Continued

28, 921 aa, 924 28,160 27,360 as7, 909 387,888 a39, 713 68, 432 79, 509 83,472 90,371 ------+------.54 .53 .59 . 61 ------·- 128, 057 115, 235 117,168 125, 706. 1, a31, 695 1, a86, 748 1, 199, 26 257, 595 216, 917 246,178 271,787 ------8. 26 9. 31 9.59 9.34 ------,------1 36, 628 36, 942 35,771 88,909 111,728 l12, 680 1~~: ~~g ___ ::~:~~ ---~=:~~~~---~~:~~6 7, 068 6, 486 6,8821 6, 750 8a, a5a sa. 459 75, 118 8, 889 5, 704 5, 944 6, 88a ------216, a30 219, 525 211,960 980, 202 845, 645 827,633 ~g~: ~it -~:~=~:~r::~~:~~:(~=~:=~9

I 2,591 2,294 2, 086 a, 061 a,362 a, 828 3, 681 5, 570 3, 928 30, 485 2ll, 657 54, 006 106,699 75,352 72,028 88,409 ((/' 001 80, 124 82,176 71,9181 70,010 964,825 1, 068, a89 762, 77a 33, 72.o aa, 886 37,419 17,200 19,722 15, 022 I 22, 897 ao, 955 6 29, 048 300, I 73 284, 252 250, 995 43,124 20,477 ao, 952 a6, 110 24,728 39, 7i51 31,534 29,672• a6, 444 a08, 9321 411, 9a7 290,638

18,248 17,111 16,491 19, 511 [ 16,803 I., 917 15,714 16,026 14,839 177,990 1A 50f! 159,552 32,191 29, 633 28, 969 33,138 ao, 631 27, 59a •~34 .. 5911 1 35,281~m 32,145~· 30,~~ 137 32,755~~ 28,52628~ ~~321,360 a52,~~~~ 474 a17,~· 465 5,891 4, 565 ------8, 071 6, 146 5, 757 7, 528 6, 958 6, a25 7 58,8721 7 74,671 1 7 73, 116

Cottonseed: Receipts at mills ______short tons __ 1, a28, 10a 802, 94a 578, 087 I, 490, 7571' 764, 068ll 6 5i2, 736111, 536, 08a' I, 011, 656! 693, 1721 5, 124, 133 4, 786,3601 4, 935, 770 Consumption (crush) ______short tons __ 936, 74a 801,800 669, 264 902, 039 779, 061 6 626, 952 910, 576 864, 4531 698, 6a7 I 5, 238, 05415, 009, Oa7 14, 613, 650 Stocks at mills, end of month ______short tons __ 1, 081, aga 1, 082, 518 991, 341 1,177,666 1, 162,673161,108,457 1, 192,935 1, 340,138, 1, 333,73311------~~------Cottonseed oil, crude: · Production ______thous. of lbs __ 28a, 929 2a9, 91a 201,621 277, 4681 244, 1071 6194,83911 282, 715 271, 707; 218,40011, 617, 78411, 584, 362 1, 460,469 Stocks, end of month ____ thous. of lbs __ 110,829 114,595 114,248 Cottonseed oil, refined: 1 Production ______thous. of lbs __ 232,179 215,405 188, 82al Stocks, end of month ____ thous. of lbs __ 254,571 350,260 428,609 ;;;I ~il ;~;1 [ ~~~ ~9 ~;I ,:;;;:~:;:;;;:;~!;:;;,:~ Price, yellow, prime, I New York ______dolls. per lb __ .076 .076 Consumption in .0721 a: 2: a: ::1 2:: 2::: 2: Cotto~~~~~~ta:~~d meaF_thous. or lbs __ \ 2,505 2,091 2,178 ::1 =~~ :~:~----~;~~~~ ----~~~~;~ ----~~~~~ Production ______short tons--1 421, 28a 360,943 305,0191 402,5761 346, 5471 6 275,7231 406,795 a87, 002 al3, 7011 2, 353,668 2, 249,380 2, 085,442 Stocks, end of month ______short tons __ 202,156 252, 32a 298,139 1 1 6 1 1 1 Exports_---- ______short tons __ 4, a61 1, 580 7,538 ~~: ~~!1 ~; m, ~~: ~~: ~ ~r~ ~~:!~~ ~~: ~m----5i;68il ___ 2a6;995,---29o;5io

6 Revised. ; Cumulative through Nov. ao. 37 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through CUMULATIVE TOTAL FROM JAN I 1930 December, ext;ept where othe!'wise I i 1929 1928 1 THROUGH DEC. 31 • noted. Earller data for 1tems shown here may be found on pages I 27 to 139 of the August, 1930, October Novem· Decem· 1 October Novem· Decem· October I Novem· I Decem· 1930 I 1929 1928 "Survey" ber ber • ber ber ber ber ~~~~~~------~------

Flaxseed I Minneapolis and Duluth: I Receipts ...... thous. of bushs .. l 2, 636 1, 424 7091 3,189 1, 313 575 6,600 2,140 770 15, 097 13, 207 18, 104 Shipments...... thous. of bushs . .l 1, 618 1, 910 517 1,697 1,445 592 2,348 2,862 199 9, 072 7, 920 10, 624 Stocks, end of month.thous. of bushs .. j 2,182 1,411 1, 386 1 1,179 594 882 2,585 1,243 1, 257 ------.------· Imports_. ______thous. of bushs .• l 148 387 219 1 2,582 1, 686 1,290 1,209 1, 417 Price No. 1, Minneapolis. dolls. per bush.. 1. 80 1. 65 1. 611 3. 32 3.24 3. 22 2.28 2. 35 12~~ 12,662 ----~~~~l---~:~~~~

Linseed oil: ,1 Shipments from I Minneapolis ______thous. oflbs.. 14,792 10,199 7, 385 i 13,707 8,467 5,043 15,437 13,6221 .150 .102 Lins~~~~ai:ee:nX~~ai:·---.dolls. per lb.. .099 .094 .092 1 .159 .147 .101 8: m 98,345 ---~~~~=~=~---~:~~~~ Shipments from I I Minneapolis ______thous. oflbs.. 29,726 17,315 16,824 30,466 17,442 18,9771 30,071 31,4681' 26,141 175,731 226,131 274,837 Exports. ------thons. of lbs.. 12,519 25, 986 33, 596 i 52,423 53, 104 48,745 51,894 44, 131 46,570 386,077 734,429 561,612 FOODSTUFFS I I Wheat Visible supply, end of month: i United States •.••••..thous. of bushs .. 205,437 202,475 195,7161 202,781 191,833 '182, 3311 138,239 140, 7J 142,532 ---·------______! ______Canada ______thous. of bushs .• 178,827 197,998 205,854 213,381 217,102 158,204 173,890 197, 219[ ------1------Receipts, principal '217, 7561 markets ______thous. of bushs .• j 28,943 24,597 21,549 36,256 20,625 22,887 84,423 43,532 32, 9631 424, 908 462, 8991 522, 787 .Shipments, principal markets ______thous. of bushs.. 25,238 20,955 15,053 27,116 24,121 16,402 30,365 35,627 21, 415; 291,613 310, 1141 305,522 Exports: United States- Wheat only .•.•.•thous. of bushs .. 6,311 3,266 2,173 8, 767 9,977 7,067 22,058· 10,561 7, 6411 87,439 90,0471 96,290 Including wheat fiour ..••.•.•••..thous. of bushs .. 12,295 8,470 6,187 14,664 15, 181 12,121 28,290 15,955 11,8661 146,275 161,611 149,624 Canada- Including wheat flonr ______thous. of bushs .. 33,447 34,782 24,939 23,215 24,866 48,957 80,633 Prices: 18, 6841 No.1, Northern Spring, M, "'I "'· "' '"'·"'I """ Minneapolis ______.dolls. per bush •• .82 • 75 • 77 1. 31 1.28 1. 31 1.16 1.16 No.2, Red Winter, 1. 151 ·------~------St. Louis ______.dolls. per bush __ .87 .83 .83 1. 32 1.29 1. 35 1.44 1.45 1. 39 --···--·-· ··------No. 2, Hard Winter, Kansas City..•..••• dolls. per bush .. • 74 .69 .71 1. 22 1.19 1.21 1.10 1.12 1.111 ------··- -·--··--·- Wheat Flour I -Grindings of wheat: I United States ...••••• thous. of bushs .. 49,914 & 42, 428 41, 015 50,445 43,913 41,062 52,890 45,289 42, 246 524, 835 528, 732 521, 449 Canada. ______thous. of bushs.. 8,348 7, 789 6,814 7,261 4,837 9,473 9,690 7, 600 7 69,053 7 79, 146 7 82, 780 Production: United States, actual ..thous. of bbls .. 10,817 9,184 8, 910 10,968 9,538 8,905 11,587 9, 909 9,269 113, 743 115, 307 113, 129 United States, prorated_ thous. of b bls. _ 12,089 10,403 ------12, 153 & 10,744 9, 770 13,316 11,200 10,220 1 115, g59 1 119, 428 1 116, 511 Canada ______thous. of bbls.. 1,869 1,739------1, 528 1,629 1,073 2,130 2,175 1,672 7 15,424 7 17,482 7 18, 119 Exports: United States ______thous. of bbls.. 1,330 1,156 892 1,311 1,156 1, 385 1,199 939 13, 074 13, 680 11, 853 Canada ______thous. of bbls .• 814 792 602 554 538 1,171 1,159 923 7, 515 9, 574 10, 737 Grain olfal, prodnction ..••.• thous. of lbs __ l 899,580 6 762, 108 753, 879 886,004 776,745 910,900 780,189 727, 305 9, 372, 101 9, 223, 851 9, 105, 982 Capacity operated, flour mills ..• per cent .. 62 60 53 62 58 72~:H~I54 66 61 57 ------··--·------Consumption (computed) .thous. of bbls .. 11,059 10,597 -----·---- 11,642 9,884 8,043 12,536 10,401 9, 411 7 105, 527 7 105, 771 7 194, 105 .Stocks, all positions, end of month (computed) ______thous. of bbls .• 9,200 7, 850 ------8, 700 8,400 9,1001 7,900 7,500 Wholesale prices: ' Standard patents, Minn ______.dolls. per bbL. 4.69 4. 89 6. 91 6.69 6.41 6. 23 7~] :::::::::: :::::::::r:::::::: Winter, straights, Kansas City ______dolls. per bbL. 4.14 4.03 6.01 5.92 ::::1 5. 59 5.53 I I • OO~------r------Receipts, principa!Corn I markets ______thous. of bushs •. 15,176 17,067 27,367 18,303 18,526 13,323 26,921 42. 7121 250,347 266,9741 331,047 Visible supply, end of month ______thous. of bushs •. 4, 703 7,411 16,993 3, 924 3,646 6 10,37611 2,271 1 Exports, including meal •. thous. of bushs .• 295 163 732 752 "-~·1870 871 7,22312,124 ~: ~~~-----7;i9ii ----:i4;si7:···-26;9oi 1321 Shipments, prin. markets. thous. of bushs. _ 8, 396 10,925 11,075 9, 287 15,4931 9,044 11,868 18, 5641 159, 125 172, 5871 212, 465 -Grindings (starch, glucose) ..• ______thous. of bushs .. 5,241 8, 721 6,453 6, 550 75,662 86,617, 86,924 Prices: · 5,4341 6,0531 7, 725i 7, 5351 No.3, yellow, ~=I I Chicago ______dolls. per bush .. .82 • 95 .88 . 881 .96 .84 No.3, yellow, • 711 ! Kansas City______dolls. per bush .. . 82 .69 .92 .87 .84 .86, .82 No.3, white, Chicago_ .dolls. per bush .• .88 :::111 .84 . 76 • 731 .96 .87 .881 .98'1 ·~~~ :::::: [ : : :1-:::::::: ! I Oats ! I I Receipts, prin. markets.•• thous. of bushs .. 9,445 6, 075 6, 0211 15,336 7,098 7,0841 13, 872] 10,834 11, 196 121, 085 146, 222 154, 281 Visible supply, end of month ______thous. of bushs.. I 33,5091 32.069 29, 720 • 28,75611. 17.8821 16,935 17,118 ------· Exports, including meaL.thous. of bushs.. 157 30,~1 30,~1 1,320 955 443 2,354. 1,531 1, 659 3, 489 10,823 14,801 Price, No.3, white, Chicago ______dolls. per bush.• .36 .33 .341 .47 .45 .45 .421 .44 .46 ··------Grindings, Canada .•..... thous. of bushs.. 1,174 1, 085 1,156 908 793 1, 2921 1,112 986 7 9, 329 710, 239 7 10, 507 Production, oatmeal and rolled ------1 oats, Canada .••.••••••.••. thous. of lbs.. 7 7 7 14,749 14, 605~------1 14,632 10,457 8,891 17,7601 13,988 11, 580 119, 070 128, 599 138, 040 Barley

Receipts, prin. markets .. thous. of bushs .• 5, 765 4, 207 3, 5691 5, 554 3, 808 3,848 16,7971 7,377 6, 4761 56,581 67,405 102,498 Visible supply, end of month. ___ , ______thous. of bushs .. 12,035 9,877 9,886 9,627 Exports ______thous. of bushs .. 11,854 11, 4011'1 69,775 8,9621 1,295 964 1,047 1, 795 1,038 1,213 11,639 5,263 32,642 ----57;497 Price, No. 2, Minneapolis. dolls. per bush .. .52 .481 .47· .59 . 60 . 59 .63 . .62 ~: ~~~~~~~~~~~~~~ & Revised. 7 Cumulative through Nov. 30 38 TREND OF BUSINESS MOVEMENTS-Continued -- - - The cumulatives shown are through I 1929 1928 CUMULATIVE TOTAl. FROM 1AN. December, except where otherwise 1930 1 THROUGH DEC. 3\ noted. Earlier data for items ------.~----,-~--~- ----,-·----,------1 shown here may be found on pages N D I I N I ------~ 27 to 139 of the August, 1930, October ovem- ecem- October I ovem· Decem- October Novem- Decem- 1930 1929 1928 _'_::'S:::u:::rc:vc::e!!.g_"------l~--- -~~- ~ ~---~~~:~-~--~--- --~':__1~ FOODSTUFFS-Continued I 1 1 Rye , ! I i 1 Receipts, prin, markets ...thous. of bushs.. 2,001 1, 640 1,356 3,4051 1,496~ 5, 946 6, 770 1, 5151 2, 083 21,8861 27, 689i 27,925 v:~~fh.~~~~~!:: .. ~~~--~fhous. of bushs.. 13,860 13,316 12,644 9, 903 10, 588! 8, 656 4, 437 4, 143 ~ 5, 726 ....•....• ··········1··--~----- Exports,includingfiour ..thous.ofbushs .. 49 •4 4 .562! 22: 26 3098 1401 499 315 3521 14690 Price,No.2,Minneapolis.. dolls.perbush.. .49 .43 .44 .97j .951 .98 '.94 '.98 1 .97~---·····--~------~~--~----··:·~- Total Grains i 1 111

Total grains exports, I 1 I \ incl. fiour ...... •. ;;~~--thous. ofbushs.. 14,091 9,803 7,578 19,0731 17,948: 14,673 46,233 26,274~ 27,185 169,0281 233,746 264,005 1 Southern paddy, receipts at mills .... bbls .. 2, 062, 928 1, 257, 1711 843, 761 2, 330,28611,415,9991I I 797, 381 2, 113, 697 1, 935,761 I 947,584 8, 280,863 9, 146, 58110,I 252,010 Shipments: Total from mills...• pockets (100 lbs.) .. 1, 322, 711 I, 207, 562 1, 003, 163 ~m~~~~~~~~~-m~~m~~~j~=mm~~m~w New Orleans ... ~.--pockets (100 lbs.) •. 201, 483 126, 781 75, 426 249,474 178, 168, 132, 592 202, 697 251,453 205, 384 1, 166,070 1, 720,625 2, 016,420 1 Stocks, end of month~ __ pockets (100 lbs.) •. 1, 670, 195 1, 776, 059 I, 677, 827l 2, 173,838 2, 551, 417 •. 2, 439, 1821 2, 142. 144 2, 886,600 2, 792, 141 """""""""" ·-· """"""" Exports ...... •.. pockets (100 lbs.) .. 150,938 383,5171 413,6741 229, 686 340, 7531 420, 212 230, 3201 408, 910 542, 283 2, 579, 108 3, 860, 350 3, 789, 586 Imports .....•...... pockets (100 lbs.) .. 610,684 0 29,294 27, 504; ~- ~~ ~~ ~- ~- ~m -~ •m ~~ Fruits and Vegetables I : I Apples: I I I I Cold-storage holdings, I II I end of month ...... thous. of bbls .. 9, 043 6 10,8601 9, 52111 7, 997 9, 380~ 7, 967 8, 733i 10,3921 Car-lot shipments ..... ~-----carloads .• 35,782 17,454 8, 0851 36,366 14, 046j 5, 729 44,0341 19,3311 ~: ~~ij --~i04;29i/ ___ iiii;ooo 116,102 Potatoes: I 1 Car-Jot shipments ...... carloads .. 28, 788 16, 267 15, 0921' 31,253 15 299 14,826 28,9211 17,5931 12,87211 247,8261 246,612 250,626 Onions, car-lot shipments ..•..... carloads.. 5, 593 2, 753 2, 254' 5,484 2;815! 2, 232 4,115: 2,1581 1, 611 38, 244 35, 398 33, 759 Citrus fruits, car-lot shipments .. carloads .. 6,301 11,338 12,55411 8,652 8,9361 10,927 5, 868: 11,671. 13,314 93,127 137,464 94, 176 I Hay ! : I I I Receipts..... ------·-·····.~ .. no. of cars .. 5,401 6,258 • 4, 906 8,4351 o,uo] 5, 7271 57,497: 61,883 71,121 ....I '·"'II 14,3151 Cattle and Beef ! Cattle movements, primary markets: I I Receipts...... __ ..•.. _... thousands •. 2,377 1, 6961 I, 7Ji 2,407 1.55.5 2,541[ 1, 9631 1, 5101 20, 166, 20,441 21,477 Shipments, totaL ...... thousands .. I, 223 1,271' 627 1, 3271 944j 5981 8, 317 8,402 9,008 Shipments, stocker and 8731 727/i feeder ...... •...... thousands .. 691 478 33211 747 ~::::11 255 7991 497: 2531 3,427 3,640 3, 966 Local slaughter.....•...... thousands .. 1, 183 823 1, 0151 I, 170 958 923 1,1951 1,0381 910 1 11,704 11,906 12,309 Beef products: Production, inspected ...thous. oflbs .. 468,983 342,4051 398,74111 458,440 399,2721 370,843 430,68811 410, 226! 366, 012 4, 704, 317 4, 727, 583 4, 727, 007 Apparent consumption ..thous. of lbs .. 463,928 6 331, 945 397, 5831 453,543 386, 168 364,142 421,8501 397,6351 355, 846 4, 775,863 4, 848, 106 4, 813,354 Exports.-----·-········-thous. of lbs .. 2,347 1, 491 2031 1,223 1, 1001 1, 175 1,276 934 1 867 18,281 16,3481 13,314- Cold-storage holdings, i end of month ...... thous. of lbs.. 72,059 103,883 79, 633· 63,862 6 73,39211 76, 061; 93,4441 58,0361 98, 91l ______Prices: i : ----~---·r··------Cattle, corn-fed, I, I Chicago•.....•.. dolls. per 100 lbs .. 9. 97 10. 31 10. 5811 13.31 12.69 12. 13 14. 63i 14. 28i Fresh, native steers, I I I Chicago ...... dolls. per lb .. . 195 . 1951 . 1951[ . 236 .2401 . 240 . 255[ . 2531 Fresh, carcass, steers, ..: ·_ :1:: ] . New York...•••...... dolls. per lb .. . 205 .205[ .2o5ii . 238 . 235 .282: .2621 . 2361 I Hogs and Pork I !i I I I I ! 1'1 I Hog movements, primary markets: I Receipts...... thousands .. 3, 441 3, 439: 4, 002! 3, 701' 3, 9331 4,256 3, 6661 4, 075: 4, 7731 40, 784 44, 0971 46, 52. 1 Shipments, totaL ...... •.thousands .. 1, 392 1, 2691 1, 542; I 1, 381 1, 3961 1,449 1, 3411 1, 475! 1, 529 15,882 16, 1531 17, 19(1 Shipments, stocker and I 1 1 feeder ... -----····-···-.. thousands .. 39 371 411 50 52 53 62 481 516 622'1 73.5 Local slaughter•...... ~ ____ thousands .. 2, 048 2, 169 2, 46011 2,333 2, 5431 2,801 2, a11:. 2,602, 3, 23011 24, 891 27,919 29,284 Pork production, total: I Production, inspected ...thous. oflbs .. 575, 100 665, 665 798, ani 651, 681 738, 485[ 851,300 623 716! 741, 385; 969, 121117, 717, 719 8, 430, 318 8, 579, 289 Apparent consumption.. thous. of lbs .. 636, 425 • 553, 479 606, 5681 717, 951 657,4031 602,470 675; 222! 641,3781 633,8271 6, 917,713 7, 299,45417,330,460 Exports •...... thous. of lbs.. 53, 798 62, 325 61, 134 97,081 114,707 104,377 75,3841 88,4501 Cold-storage holdings, end of month- 1 TotaL ..••...... •... thous. of Jbs .. 1 591,247 558, 146. 703,084 516, 634! 529,0191 393,017 • 443,2861 574, 381 1' ~:: ::: ---~~~~~:: -~~~~~·-~:~~-~~:~·-~~: Fresh and cured ••... thous. of lbs .. 356,806 '411, 704 523,317 491,402 489,6291 620,986 433, 160[ 461,7621 670,039 """""""""" •..•..••.• !...... •. Lard (included in pork products): Production.•.•...... •... thous. of Jbs .. 1 128,951 144,987 176, 607 113,9681 141, 7201' 196, 500 71,370,622 T 1, 586,536171, 553, 249 Exports ..•...... thous. oflbs .. 1 ~~u~~ !~~~g, ----45;ii41 70,698 83,2571 80,053 59,865: 67,716 86,358 642,486 829, 319! 759, 723 Cold-storage holdings, I ! end of month•...... thous. of lbs•. 36, 211 6 31, 582 51, 064: 99,845 68,517 82,098 83, 474! 67,2571 85,217 ····-··---!------Prices: I1 I Hogs, heavy, I Chicago...... dolls. per 100 lbs •. 9.86 8.86 1.M 9. 47 10.03[ I 1 9. 651 8. 781 """""""""" ...... !. .... -~~- Hams, smoked, Chicago.dolls. per lb .. .221 . 222 . 21a: I .242 . 215 .260; ~2~~~ Lard, prime contract, I 1 ~2~~1 New York•....•.....•. dolls. per Jb .. .119 .114 .108 .1211 1 . 1121 . 100:1 .1091 :~:; 1::::::::::' ::::::::::I:::::::::: Sheep and Lambs I I I I : I I ' Sheep movement, primary market: ~· :, ! Re~eipts ...... •...... thousands .. 3, 784 2, 607i 2, 307;1 4,093 2,1681 I, 703 3,9381 2,053j I, 61011 29,801 26, 867! 25, 597 Shtpments, totaL ...... thousands .• 2,238 1, 5341 1, 081jl 2, 819 1,207. 732 2,4851! 1, 0911 693 14, 605 13, 996 13, 323 Shipments, stocker and feeder ...... thousands .. 1, 024 761: 282 I, 831 5751 184 1,466 544! 1U3il 4, 463 5, 566 5, 009 Local slaughter~---······· .thousands .. 1, 597 1, 0791 I, 230 I 1, 328 9951 1, 403' 1, 016i 91711 15, 165 12,853 12,252 Lamb and mutton: I Production, inspected ... thous. of lbs .. 65,060 51, 236 1 56,453:1 52,677 45,2331 43. ~::1~1~ 54, 1071 45,546 1 41,07911 649, 738 545,4911 522,551 Apparent consumption .. thons. of lbs .. 64,948 6 50, 890i 56, 179;1 51,963 44,9761 43,605 52,0771 44,7561 41,051 648, 9571 549,603 523,560 Cold-storage holdings, end of month ...•...... thous. of lbs .. 4, 326 • 4, 628. 4, 8581 4, 992 5, 194! 5, 317 4, 321 5,472; 5, 623 ------1------• Revised. 1 Cumulative through Nov. 30. 39 TREND OF BUSINESS MOVEMENTS-Continued

The c~-...ula"'t"'i~=;=~=s=h=o=w=n=a=re=t=h=ro=u=g=h== 11 ~·;~-~="'=~~-~~~ -'7"-'~- -- CUMULATIVE TOTAL FROM JAN. December, except where otherwise 1930 1929 1 928 1 THROUGH DEC. 31 noted. Earlier data for items shownheremaybefoundonpages -.-N---./~D---~----~-N -~-D I 27 to 139 of the August, 1930, October ovem- ecem- October ovem- ecem-~1 October I Novem- I Decem- 1930 I 1929 I 19?8 ___'_'Survey" ------~~-1-})_er -1---~~ - ber ~-:--- -~-~- -~r- -~ ---~---~-~·~~- FOODSTUFFS-Continued ( / I I f : i Sheep and Lambs-Continued ' ' · 1 I '

Pri~1~YS.;:;,~~: ______dolls. per 100 lbs_. 3. 84 3. 38i 2. 93~~~ 4. J 4. 98[ 4. 941 1 5. 35 5. J 6. 28 ______;______---·------Sheep, lambs, i I I 1 I I 1 - Chicago ______dolls.perlOOibs__ 7.03 7.13 7.40,1_ 12.09)) 11.97[/l 12.001', 13.08 12.69[ 13.78~------!,------,------1

Miseellaneous Meats I 1 1 1 1 Cold-storage holdings, end Ill I' I f I ofmonth ______thous.oflbs__ 72,444 •75,818' 84,9551 63,9141 72,744l', 89,742 : 52,201 60,392 82,915\------~------~------1 Total Meats 1 I : i 1 ,I • 'i I I I .I Production, inspected ______thous. of lbs__ I, 109,743 1, 059, 306 1, 253, 506111, 162, 198 I, 182, 990• 1, 265,885 11 I, 108,511 1, 197, 158 1, 376, 212 113,071,714113,703,393113, 828, 845 Cold-storage holdings, end of I I 1 I month __ ------______thous. oflbs__ 533,649 • 597, 124 740, 255 732,212 729,528 902, 026)1: 631, 192 674,516 942,707 ______'j- ______1 Apparent consumption ______thous. of lbs __ 1, 165,300 • 936,3151 1, 060,330 I, 223,457 I, 088,547 I, 010,217 I 1, 149,149 1, 083,769 1, 030,724 12,342,533112, 697,163•12, 667 374 1 1 1 Poultry I 11 I' I r I ' ~!~~~::.:·~·~=:::: ::1 .:: ,:~ ~=~ ,:~: ,:::1 ::: ::::1 ,:::::1 'n"'l :·'" '"oo' Fish I I ~· i , I Total catch, prin. ports ____ thous. of bbls__ 30, 541f, 25,967 17, 567 1 33, 243 27, 332 18, 074f 27, 129: 23, 236 21, 189 385, 831j 373, 227 296, 614 Cold-storage holdings, 15th 1 of month ______thous. of lbs__ 88,6161- 91,436 85,317 75, 864' 79,439 '75, 807: 73, 410[' 77,677 78,090 ------1------Canned salmon: Shipments, United States ______cases__ 653, 2271 273,4761------584, 590 378,695 553,078 i 810, 723 504,854 577, 378 '5, 807,560' 4, 928,819 15, 112,565 1 Exports, Can::~~~----- .. --- _cases_- 194, 623\ 108, 996i 107, 3331! 162, 831!1 177, 252 159, 488 253, 265~ 145, 725 170, 690 952, 664 1, 260, 527 1, 340, 415 1 Production (factory) ______thous. oflbs__ 117,3721 98, 1381 106, 181] 118, 116 97, 186 6 101,854 105, 894~ 87, 745 1 92,48411, 530, R76 1, 597,027 1, 487,049 Receipts, 5 markets ______thous. of lbs__ 38,9331 36,848 43,8921 42,963 38,228 39,843 i 41,8841 36, 616 36,863 584,197 602,668 578, 773 Cold-storage holdings, cream- 1 ery, end of month ______thous. of lbs__ 109, 6461 '88, 0121 63,3491 138,405 111, 650 81,935 105, 811[ 70,985 43,783 ______.. ______------__ ~~~~~~~ ~r~~~'We~o¥--ori<=~~oWs~· ;!rl?~== 181, ~~~~ 154, ~g~~ 166, ~gg 1 112, ~~~' 153, ~~~ 160, :~ m, ~~~~ 158, ~~~ 156, ~~i -~~~~:·.:~: -=~~~=·-~~ -=·-~~~~~~ Cheese I I ! I I 1 1 Total, all varieties: 1 ! 11 I! I Production (factory) ____ thous. oflbs__ 28, 239 25,5831 26,598 43,206 35, 176 '34 805 I 41, 017[ 32,3401 30,029 419,977 578,874 525,044 Receipts, 5 markets_----thous. oflbs._ 12,226 10,784 10,400 14, 344[ 11, 828 10; 880!'1. 18, 665[· 14, 180 11,691 164,595 178, 900 196, 614 Apparent consumption __ thous. of lbs__ 41,637 40,035 39, 500' 42,329 37, 112 35,695! 43,522, 42,506 36, 565 489,346 460,014 493, 657 Cold-storage holdings, 1 ' end of month ______thous. of lbs__ 96,393 • 87, 171 79,033 94,879 86, 949 80,623 ! 97, 421i 89,970 85,730 ______Imports ______thous. of lbs__ 6, 293 5, 041 4,163 6, 911 6, 9021 7, 015, 9, 4101 9, 379 8, 836 67,204 76,423 81,402 Exports, United States __ thous. of lbs__ 183 108 176 195 130 241 i 2041 278 190 1, 963 2, 644 2, 601 Exports,Canada ______thous.oflbs__ 16,5681 14,6771 4,!)25 17,144 13,925 4,963; 24,282: 15,431 5,573 80,163 92,946 114,152 1 American whole milk: I 1 ! 1 Cold-storage holdings, I I I 1 I end of month ______thous. oflbs__ 78,919 • 71,132/' 63,362 78,058, 71,065 63,478 82,318! 74,325 68,075 ______------Wholesale price, New 1 1 York------~~~~-----dolls.perlb__ .191 .19! .18 .24l .24 .23 .26~ .25 .26 ______-j------1 Receipts, 5 markets ______thous. of cases __ Cold-storage holdings, end of month: 1 1 Case ______thous. of cases __ 6,7851ml 64,15411""' 1,89111,~ 4,930;"', 2,631"" ""704i 6,247"'1 3,5421"'j 1,4151"'I ______"·4 '"" _ "· ·~ Frozen ______thous. of lbs __ 98,3591 '89,571 83,1481, 70,331! 61,772 03,644 73,327i 64,201 56,181 ------Mllk Condensed milk: : i [I . Total stocks, mfrs., end of mo.- Case goods ______thous. oflbs __ 24, 650i 20, 6571 17' 8031 29, 182! 27, 1261 I I i Bulk goods ______thous. of lbs __ 1 Unsold stocks, mfrs. end of mo.- Case goods ______thous. oflbs __ Bulk goods ______tho us. of lbs __ 1 Exports ______thous. oflbs._ Wholesale price, New 1ffi! 1i~ :~~~1~ 1ffi ~; 1 ~; :~~: ·~~~: ,.i ~u. ;~ York ______dolls. per case __ 6. 03! 6. 03 6. 03 6. 131 6. 13 6. 131 6. 18! 6. 18 6. 18,.- Evaporated milk: Manufacturers' stocks, end of mo.­ 1 1 Total, case goods __ .. thous. oflbs. _ 224,486 211,828 202,070 244,0351 231,970 211,9541 164,989: 158,293 153,351 ------1------Unsold, case goods ___ thous. of lbs __ 187,262[ 174,148 163,478 192,084 185,455 169,345 138,808; 136,2711 133,835 ------Exports ______thous. of lbs .. l 4,7181 4, 366 4, 546 5,1791 4, 767 5, 33911 5, 2641 6, 2751 4, 821 61,260 68,955 76,790 Wholesale price, New York ______dolls. per case __ 1 3.80 3.80 3.80 3.95i 3.95 3.9511 4.58: 4.581 4.58 Production, condensed and ------1------evaporated milk ______thous. of lbs __ 149. 136: 132,284 143,280 I 13.5. 209 113,160 124,6331 118. 848; 95,642 112.808 2.018. i)89 2. 206.648 1. 918.427 Powdered milk: 1 1 Manufacturer's stocks, 1 1 end month ______thous. of lbs __ 33,281: • 36,3181 38,082 29,1181 29,616 31,061 i 16,864 13,824[ 13,366 ______[ __ Exports __ ------______thous. oflbs __ Net new orders ______thous. of lbs __ 1 Fluid milk: 9, m 8. ~~£! d~s • ::!1 '·:::: '· m1 '"i "':• "'1 ..~ ~~ .~:; • "" Receipts- 1 Boston (including 1 1 1 cream) ______thous. of qts.-~ 19,403 11180,,2292661·.: ... 1.09--,-94--7- 18,6991 18,990 18,22411 18,385 16,886 1 17,0371 '213,783 '203,128 '197,288 Greater New York __ thous. of qts __ 116,140i 118,9291 114,399 113,7421 ll6, 849 108,6851 110,450 1, 392,298 1, 398,892 1, 360,171 Consumption in manufacture of oleomargarine ______thous. of lbs __ 9, 066 8, 404, 8, 158.1 10, 321! 9, 486 9,169 1 9,15li 8, 931 8, 624 90, 2011 98,841 93,495 • Revised. 'C'umulotive through ~ov, 30. 40 TREND OF BUSINESS MOVEMENTS-Continued

T-h-e-=c-=u-=m-=u=l~a=t,=.v=e=s=s~h=o=w=n==a=re==t~h=ro=u=g=h~======~----=-~-=--==---~~====~-=-==-=-=-=--=-----=-=-~~~======-=-=-==-=~,===~-======December, except where otherwise 1930 1929 1928 CUMU~~i::~uT~i'~LE~~~~M JAN. noted. Earlier data for items I shown here may be found on pages -- ' -- I 27 to 139 of the August, 1930, October Novem· I Decem- October Novem- Decem· October Novem· Decem- 1930 1929 1 1928 " Survey" her her her ber ber ber ---===------1------1------~------~--- FOODSTUFFS-Continued 1 I Sugar Raw: . I Imports- From Hawaii, Porto i Rico ...... ______long tons .. 82,660 50,9771 5, 59J 92, 684 31. 9621 14,232 104,841 57,602 16,087 1, 414,085 1, 192, 742; 1, 360,682 From foreign countries. .long tons.. 277,350 293, 5581' 293,4191 256, 953 182,891 156,031 257,825 229,477 194, 351 3, 109, 766 4, 362, 1891 3, 443, 615 Meltings, 8 ports ...... long tons.. 402,333 337,360 207, 0061 380, 758 305, 946 235,605 436,122 404,450 285, 122 4, 560,741 4, 776, 71114, 726, 175 Stocks at refineries, end month ...... long tons .. 283, 778 321, 930! 322, 2081 798, 870 728, 484 682, 429 357, 506 234, 429 221,196 ______...... T ...... Refined: Shipments, 2 ports. __ ...... long tons .. •m ~~ -~ ~m ~~ ~rn ~· ~m 44, 8241 761, 203 803, 0571 713, 862 Stocks, 2 ports ______long tons .. ~rn ~~ ~~ ~m ~m ~w ~- ~M 19,168 ...... ------Exports, including maple... long tons .. 8, 553 6, 576: 4, 723 5, 674 4, 454 3, 363 11,971 14.887 8, 2131 69,477 91, 8991 111,895 Prices: Wholesale, 96° centrif., ' N. Y ...... dolls. per lb .. .033 .034i . 033 .040 .038 .038 .0391 .039 .0391 Wholesale, granulated, ------~------·-· N. Y ______dolls. per lb .. .044 .047, .0461 . 054 .0501 .050 .052 .051 .052 ...... Retail granulated, N. Y .dolls. per lb .. .053 . 053' .053 .061 .061 Retail average, M cities.. rel. to 19!3 .. 106 1071 122 122. .~~~ .~g~ .~~ .~g ::::::::::!:::::::::: Cuban movement (raw): 10711 Receipts at Cuban ports.... long tons .• 124,848 213,688: 150,277 94, 130 88,875 Exports ...... long tons .. 291,311 413,406: 231,039 241,256 174.904 ~~ ~w ~~~m ~-~~~~~m~~--~~~~~-~~~& Stocks, end of month ...... long tons .. 957,767 764,387: 668,803 326,927 254,694 181, 4601 •m446,210 288.393 125,449 -----·---- ...... !• Candy Bales by manufacturers .... thous. of dolls .. 31,004 29,500, 28,727 38,523 37,673 33,7341------...... -- ...... 291,4561 346,420 ...... Coffee Imports ...... thous. of bags .. 967 1,098 1,004 822 955!I 809 882 993j 12, 117 I 11,230 12,022 Visible supply: 1,1591 World ...... thous. of bags .. 5,051 5,014 .o;, rss\ 5,043 4, 979 United States...... thous. of bags .. 828 817 929, 686 598 Receipts, total, BraziL .... thous. of bags .. 1, 549 1, 4941 1, 365 1,446 :: llli !i1 ; !il :: !1!1 i I ii. i., '< "' Clearances: 1.4371 ~ ~iii Total, Brazil, for world ...... thous. of bags .. 1, 176 I, 590 1, 324 1.214 1, 1991 1, 330 993 1, 166 14,8251 13, 972 13, 660 Total, Brazil, for U. S ..thous. of bags .. 659 1, ~~~: 881 682 573 Price, Rio No.7, Brazil I 1 grades ...... dolls per lb... .089 .079: .OiOj .139 .116 :1 : : ::: '·"'l '·'~ '·"" I 9, 917 i lmports ...... ~~~...... thous. oflbs .. 1 7,5651 8,029 10,555 9,087 8,680 10,512 9,417 9,264 84,926 89,373 89,983 Price, Formosa fine, N. Y ....dolls. per lb .. I .223 . 225 1 . 225 . 310 . 310 .304 .310 .310 .310 ...... Cocoa ' Shipments from the Gold and I , Nigerian Coasts, Africa...... long tons.• [ 12,660 18,888. 21,756 18,491 40,483 36,7481 15,326 33,805 48,268 238,764 287,918 269,974 Imports ...... longtons.. 7,410 6,338: 13,700 16,147 14,270 22,824 5,450 6,636 14, 164 166, 621 226, 598 169, 298 Spot price, Accra, New York.dolls. per lb .. I . 0675 . 0688 . 0675 .1063 • 0920 • 0931 • 1125 .1055 .1050 ......

TOBACCO I I I Consumption (tax-paid withdrawals): 1 I Large cigars ...... thousands.. 623,861 528, 128: 349,635 701, 711 622,9381 410,863 12a, a1s 6ao, 531 411, 910 1 5, 889, raa 6, 551, 683 6, 453, 669 Small cigarettes ...... thousands .. 10,947, 130I 7, 951, 588' 8, 674, 719.,11, 202,294 9, 041,043 8, 261,3571 9, 921, 537 8, 536,426 7, 515,101 119,624,911119,038,843 105,915,965 Manufactured tobacco and snuff ...... thous. oflbs.. 33,0261 25,976 25,815 1 33,738 28,342 24,682l 35,333 30,146 25,369 368,876 377,755 404,112 Exports: Unmanufactured ...... thous. oflbs.. 78,262 57,964 62,148 79, 150 72,609 66, 504j 88,509 78,170 68,566 580,709 567,940 583,843 Cigarettes ...... thousands.. 318,751 251,507 338,808 586,767 433,294 683, 757J 956,846 1,114,381 1, 109,3921 4, 926,928 8,471, 626 11,706,110 TRANSPORTATION River and Canal Cargo Trame I Panama Canal: I Total cargo traffic.thous. of long tons .. l 2,394, 2,263 2,167 2,846 2, 5351 2, 525: 2,582 2,502 2, 7151 27,845 31,452 29,374 In American vessels ...... thous. of long tons.. 1,1331 1,0091 953 1,344 I, 271: 1, 219i 1,195 1,145 1,1111 13,204 14,845 13,560 In British vessels ..thous. of long tons .. 6,922 8,263 5461 615: 536 774 5791 7181 679 691 750 8,195 Sault Ste. Marie ' canals ...... thous. of short tons .. 9,0941 5, 1301 312 11,2131 6, 9521 479 13,603 10,458 1,2621 72,897 92,617 86,993 New York State canals ...... thous. of short tons.. 6081 333 I--- ...... 1: 536 3,606 2,877 3,139 225, 4911 Cape Cod CanaL ...... short tons .. 230,0431 ~~g ---225," ii2i 243,668 196,25911 189,8111 160,903 140,~~ """153,"838[ 2,498,943 2,165,465 1,405, 782 Buez CanaL ...... thous. of met. tons .. 2,217 2,977 2, 726 2, 919i 2, 622 2, 749 3, 050 7 26,265 7 31,597 7 29,572 Weiland CanaL ...... short tons .. 916, 563 58~:~~~~-.-. 68," 4iiii 623,651 448,1501 47, 603; 1,115,190 1, OM, 483 109, 793 6, 089,653 4, 769,866 7,439, 617 St. Lawrence CanaL ...... short tons .. 876,821 563,476 38,411 749,287 523, 3281 23, 942i 1, 270, 051 1, 082, 5451 84,838 6,153, 816 5, 718,651 8, 411,542 Mississippi River Govt. barges ...... short tons .. 6 102,569 83,480 75,300 137,021 103,478 72,804i 120,444 148.218 135,439 1, 117,657 1, 291,75911,435,560 Ohio River, Pittsburgh, Pa., to Wheeling, W. Va...... short tons.. 1, 037,028 926,013 500,211 1, 151,819 1, 034,3821 757,527, 1, 010,860 940,397 764,893 10,518,322 11, 206, 799 10, 175, 011 Allegheny River...... short tons .. 246,832 230,423 64, 170 366,351 317,967 156, 993! 377,744 302,344 161,860 2, 862,291 3, 195,768 2, 873,495 Monongahela River ...... short tons .. 2, 075,278 1, 810, 661 1, 546,799 2,464, 099 2, 367,50612,173,2071 2, 396,557 2, 302,719 2,114, 671 25,032,292 28, 258, 462 26, 097, 158 Ocean Traffic Clearances, vessels in foreign trade: II TotaL ...... thous. of net tons .. 7,074 6,224 5,505 7,503 6, 971 5, 60711' 7, 806 7, 764 5,956 81,635 82,494 79,732 American ...... thous. of net tons .. 2,651 2,501 I, 991 3,041 2, 9821' 2, 0781 3, 252 3,612 2,388 31,949 31,907 31,804 Foreign ...... thous. of net tons.. 4,423 4,152 49,686 50,587 47,928 3, 723 3,514 4,463 3, 9891 3, 5291, 4, 554 3, 568 Shipbuilding Completed during month: TotaL ...... gross tons .. 51,667 53,551 25,971 8,6201 14,3471 13, 692'1'1 7,148 4, 913 3,880 437,537 208,790 163,932 Steel seagoing...... gross tons .. 16,895 39,830 18,391 2,167 7, 369 10,6331 4, 318 1,382 1,812 239,124 117,993 98,253 Building or under contract, end of month: Merchant vessels.thous. of gross tons .. , 366 359 ------4ool 384 372i 260 169 94 ...... ------6 Revised. 7 Cumulative through Nov. 30. 41 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through 'I I ! CUMULATIVE TOTAL FROM IAN. December, except where otherwise 1930 1929 1928 ' 1 THROUGH DEC. 31 noted. Earlier data for items 1---~---~----,' 1 shown here may be found onpqges 1 I I I ~l-,----1 --,---~-- I ~.''su~~e:•~9 of the August, 1930, _o_ct_o_b_er__ N-~v-ee_rm_- _n_bc_e~_m_-_ 1 _o_c_t_ob_e_r_ :~~~~ _n_b~=~~~~o~~-N-~v-ee_rm_- _n_bc_e~_m_-___1_9_a_o __ 1_9_2_9 __ 1_9_2_s_ TRANSPORTATION-Continued ! 1 : I ' Freight Cars 'j ' I Surplus (daily av. last week of month): I J , TotaL ...... cars.. 402,637 580,498 706, 538/ 124, 194 340,740 447,1411 105,0171 222, 539 411,320 ------______T ______Box__ ...... cars.. 230,7051 304,100I 380,603 80,956 181,198 246,982 54,263 104,272 199,443 ------______1 T______:·~t~1~\:::~!~~=~~~~:~m~:: == ;;~; ===;~;;; ==~;:;~1-- ":~ ==·;;;I ==;;:~~- ___ ,.:·:1====;~~1===;;;·;1 :: =:::::l::::::::i::::::::: TotaL ...... cars.. 3, 817, 786 4, 127,134 2, 783, 8451 4, 679,411 4, 890, 154 6 3,338,3341 4, 703,882 5, 144, 208,3, 517,035 45, 887,413 52,827,925 51, 589,887 Grain and grain products ...... cars.. 162,815 190,464 142, 850! 185,748 192,073 '159, 774 , 219,320 263,200 188,701 2, 265,9251 2, 396,195 2, 512,937 Livestock ...... cars.. 128,906 139,921 93,6951 149,137 156,916 '101, 793, 154,670 159,246 li3,169 1, 285,245 1, 419,191 1, 520,915 733,345 852, 122 638,270 864,517 986,033 • 803,717 869,200 1, 021,837 751,288 8, 439, 020' 9, 729,698 9, 302,203 Coal and coke ...... cars.. 1 Forest products...... cars.. 158,742 174,017 120,9491 254,486 275,373 • 181, 939l1 264,690 317,626 215,792 2, 368,419, 3, 248,408 3, 327,270 Ore ...... cars.. 153,932 91,963 22,4811 240,164 146,081 32,877 240,985 162,825 40,893 1, 664,725 2. 281,566 1, 909,766 Merchandise and I. c. L ...... cars.. 965,743 1,133, 072 819,694 1, 086,100 1, 276,552 '908, 2931 1, 081,804 1, 277,24211 943,800 12,201,44513,205,69813,165,573 Mtscellaneous ...... cars .. 1, 514,303 1, 545,575 945,906 1, 899,259, 1, 857,126 1,149, 941, 1, 873,213 1, 942,232 1, 263,392, 17,662,634 20, 547, 169 19,851,223 1 Railroad Operations I J I I ' I Operating revenues: I 'I ,!. , Freight ...... thous. of dolls.. 385,684 311,042 ...... 483,596 384,507 ...... 493,064 415,928 368,126 ...... ------...... Passenger ...... thous. of dolls.. 52,368 48, 710,______66, 165 62,478 ------~1 69,690 65,283 76,661 ______...... ______Total operating ...... thous. of dolls.. 483,455 398, 786 1______609,358 499,778 ...... 618,751 532,085 496,766 Operating expenses ...... thous. of dolls.. 326,286 299,301 1...... 404,943 372,768 ...... 402,161 374,841 358,324 ------...... 1 1 1 1 1 !i; ZZ1 ======Locvmotivesj;:;:i~E~~Vri~J~~~~~~~==mfft~~~~~:,;1fl~~== (Am. Rg. Assn.): ~~: ~Z~ g~: ~8~ '======: l~: ~g~ •~~: ~!~ ======~~ ~~: ~~~ ~i: m Owned, end of month- Quantity------.... number__ 56, 157 55,985 55, 687 57, 195 57,038 56, 819! 59, 371 59,097 58, 758 ...... Tractivepower ...... mills.oflbs .. 2,541 2,538 2,529 2,538 2,535 2,531, 2,578 2,571 2,562 ...... ------In bad order, end of month- I1 II ( Awaiting classified repairs ...... number.. <1, 936 5, 102l 5, 216 4, 057 4,159...... , 4, 414 4, 413 1 4, 380 ------Per ce.tt oftotalin use .... per cent.. 8. 9 9~.2 9. 5 7. 1 7~.3~ ...... ~-~-~1 7. 5 7. 5• 7.5 ------Installed ...... number.. 127 92 166 102 681 61 1 1 1 132 1, 649 1, 722 1, 390 Retired ...... number.. 206 2 390 327 3 331 313 420 2, 774 3, 601 3, 333 New orders ...... number.. 7 4 60 125 384 167 4 41 59 401 1, 048 353 Ship.fo~~f~:-~~~~!~~:~~~~:-~~e~~~~~~- 50 43 49 94 95 671 36 34 44 763 846 489 1 Steam1 domestic ...... number.. 48 37 37 90 75 62 26 20, 36 706 707 367 Electnc, domestic ...... immber.. 2 6 7 4 ...... 1 ------1 4 33 35 33 Unfilled orders (railroads), end of mo.- 1 I I From manufacturers ...... number. 102 59 90 248 234 336 104 97'l 112 ------In railroad shops...... number.. 37 33 30 1 46 651 95 17 26 35 ------Unfilled orders, manufacturers' ( Cen- I I I ~- I 1'otaL ...... number.. 132 931 104 128 403j 6 4951 171 155 96 63 86 347 340 435' 113 104 285 ------Steam, domestic ______number.. 238 ------Electric, domestic...... number.. 31 25: 18 51 51 6 w; 3gl 34 30 ------Exports, steam ...... number.. 5------1 31 11 21 13 21 4 52 210 199 Freight cars (Am. Rv. Assn.): Owned, eud of month- 1 Quantity ...... thous. of cars.. 2, 272 2, 271 2, 265 2, 265 2, 264 2, 2631 2, 2921 2, 288 Capacity...... mills. of Ibs.. 211,823 • 211,788 211,338

Concrete, pavements, new contracts: I 1 1 ,1 1 1 'rotaL ...... thous. of sq. yds.. 9, 745 6, 2931 s, 808 . 13, 151J 5, 358 7, 462. 7, 068 8, 430 07S 1 8, 080 145, 821 139, 663 148, Road .. ______thous. of sq. yds.. 6, 820 4, 790 5, 081 9, 157 3, 207 5, 043,• 3, 856 . 5, 213 5, 166 108, 006 92, 553 93, 532 Federal-aid highways: , 1 Completed- 1· I 1 a Cost...... thous. of dolls.. 41,088 40,418 42,751' 27, 504, 25,131 28,326 1 13,413 1 19,025 41,962 236,482 196,690 193,913 .._ Distance ...... miles.. 1, 025 1, 13811 1, 071 : 996 779 1 I 598 845 7, 341 1 8 3 1,0761 6, 700 7,628 Under construction, end of mo .. miles.. 8, 325 7, 785 7, 030 ! 8, 322l 7, 805 7, 256 9, 337 8, 692 8,163 91,327 96,330 106,550

Passenger Travel I I!1 I II National parks: . I I Visitors ...... number.. 72, 270 ------~------'~ i 67,012 52, 563 35, 762; 67,012 52,563 35,762 ------Arri~~;o:o~i~;r~~~~red...... number.. 16, 777------i 12,415 8,574 5,6751 12,415 8,574 5,675 ------Immigrants ...... cnumber.. 13, 942 9 209l' 1 26, 740,, 21,522 17 842 1 29,917 24,805 18,357 1 173,812 1 251,099 1 271,940 United States citizens ...... number.. 40,702 22; 381 =:======:,, 47,757 25,129 21; 177: 49,831 23,198 18,911 1 441, 594 1 448, 863 1 423, 688 Departures abroad: ·1 I 1 1 Emigrants...... _number.. 5,352 4, 951 ...... 11· 4, 9071 3, 053 4, 880j 6,549 8,~64 1 47,480 1 48,293 1 69,335 1 7,479 United States citizens ...... number.. 32 ,988 24,420 ...... 39,767 20,4131 27,404!1 34,643 22,380 25,173 1 455, 792 1 425, 254 1 426, 799 Passports issued ...... number.. 7, 8341 7, 4961 6, 565 1 8, 4851 8, 895 7, 323 8,494 9,441 8,051 200, 227 196, 933 189, 305 Pullman company operations: Revenue ...... thous. of dolls.. 6,016 5,305 1...... 1, 6,800 5, 722 6,507 6,6501 5, 751 6, 529 ------Passengers carried .. --....thousands.. 2, 2781 2, 0311 ...... •,· 2, 721 2, 437 2, 731 2, 738 2,466 Trend of business in hotels: 2,758 ------1 Room occupancy--per ct. of capacity.. 69 65 60 11 75 73 67 70 Average sale per occupied I ' I 721 room ...... dollars.. 3. 901 3. 96 3. 12it 4.11 4.17 3. 92[ 4. 07 4.13 3.: 1:::::::::: :::::::::: :::::::::: 'Revised. ' Cumulative through Nov. 30. 42

TREND OF BUSINESS MOVEMENTs-Continued

---- ~~--,------T'}re~~=b:~~~::e;f'fiJ::::e~:~~~::ls~------;:;;~-;------~~~------;;;;------1928 --- I cu~ow;~i;~~;g~~E~~~;' lAN.

noted. Earlier data for items • 1 shown here may be found on pages Z7 to 139 of the August, 1930, October I1 Novem- ~---~Decem- October INovem- Decem- October I Novem- I Deeem- I 1930 1929 I 1928 ..Survey" ber ber I ber ber ber ber 1 TRANSPORTATION-Continued ---!---~---~.---:------~---~------r------~---- Warehouses ' I .I I I , Public merchandise warehouses, i I :: II I ,1' i space occupied ______per ct. of totaL. PUBLIC UTILITIES ''"i oo+ ,, ,. ·: n.. "'II 00.. ~ 'I '"r -1 Telephone companies: Operating revenues ____ thous. or dolls __ 79,173 76,139!------il! 79,6531 77,664! 78,675111 72,464 71,2131 73,585: 7855,981 7830,293'1'752,679 Operating income ______thous. of dolls __ 19,074 17, 148------: 20, 047[ 18, 302i 18,271 18,565 17, 649j 13,968: 7 193,608 7 199,739 7185,255 'Telegraph companies: Commercial telegraph I ii ! ' tolls ______thous. or dolls __ I ' 10,137! 8,647[ ______:! 12,485, 10,540111,298 11,765'l 10,623! ~u~~,~~~~ :m:~~ , '126,188 119,262 Operating revenues ____ thous. or dolls __ 1 11 1 1 1 1 1 Operating income ______thous. or dolls .. ~;~~ ·~:======.! ~:~~~ }.~J g~ ~:~ ~;~~~ 1,811, '13,375 1 'n~:~~ Electric railways (212 companies): 'ng:tgg Passengers carried ... thous. of persons. 1 701,2791 658,7891------11 774, 466[ 748, 6241' 795,6431 795, 140 759,2541 796,280 :------ELECTRIC POWER 1 I I I Electric power production: I· i· I' I I I1 TotaL ______mills. or kw. hours__ '8,172 6 7, 672[ 8, 070 I 8, 709; 8, 242[ 8, 5121 7, 922: 7, 753 7,912; 95,638 97,352 87,850 By water power... mills. or kw. hours__ '2, 269 2, 1721 2, 329, 2, 732. 2, 644 2, 752j 2, 8731 2, 787 2, 762 i 32,789 34,629 34,696 By fuels ______mills. of kw. hour~-- '5, 903 6 5, 500! 5, 741[ 5, 976] 5, 599l1 5, 760 5, 049 4,965 5, 151' 62,849 62,723 53,154 In street railways, manfg. I 1 I I I plants, etc ______mills. ofkw. hours__ 486 465t 502 1 389• 360 1 402 1 374• 3731 407 I 5, 986 4, 606 5, 025 In central stations.mills. or kw. hours__ 6 7, 686 ' 7, 207'l 7, 568 1 8, 320i, 7, 882, 8, 1101 7, 5481 7, 3801 7, 505! 89,652 92, 746 82,841 1 Electric power production (Canada): 1 1 ' TotaL ______mills. ofkw. hours__ '1,562 •1,4991 1,542 1,594! "1,6021 1,535! 1,460 1, 44111' 17,828 17,633 15,932 1,44211, 417 1, 4131 17,525 17,303 15,705 ~ip~:t~d-~~'_"_e_r_-~~:m~: g~ ~=: ~g~~=~ 6 1, ~~i 6 1, m 1, ~!~ 1, ~~~~ 6 1, ~~! 1, tg~l 1, m 138 123 ! 1, 621 1, 444 1, 588 Electric power, gross 1· I I 1 1 7 revenue ______thous. of dolls__ ' 182, 950! 187, 05o,______:: 182, 500 .• 190,200• 192, 200 167, 700 177,6001 180,400 j; 1,958, 740 1,886, 700; 1,736, 499 Rate of manufacturing operations (based 11 1 on the consumption of electrical energy 111 I for power purposes): 1 1 11 Activity by geographical divisions- 1 I' ; I I , , United States ______rel to 1923-25__ 103. 21 105.4 99. 1 i 134.6 122.9 116.4 132.0 133.3 127.3 1 _ _ ~------New England ______rel. to 1923-25 __ 93. 2' 96. 5 86. 3 ! 126. 21 118. 1 107.0 119. 3 126.. 0 120.. 21·1:1 __ :: _____ -_: __- __ :_:__ -_--_-_-_-_-_-_:_:_ ------North CentraL __ .. rei. to 1923-25. _ 107. 3 109. 2' 99. o I 136. 9 122. 2 109. 0 143. 5 145 7 133 8 1 MiddleAtlantic ...rel.to1923-25__ 1 99.6 109.8 97.5!1 133.0 124.3, 120.5 133.41 138.9 126.81 ------Southern------~--rel. to 1923-25.-i 118.4 111.2 116. 4l 131.2 122.81 130.4 1 129.7 127.6 121. 21::::::::::~------== 1 1 Western. ______rei to 1923-25 __ 1 116.1 '125. 4!, 98. 3,,',· 133. 8; 142.6 126.0 148.71 156.7 124.0 1------Activity by industries- 1 I All industries ______rel. to 1923-25--1 103.21 105. 4i 99.11; 134.6 122. 9, 116.4 132.01 133.3 127.3,------

Chemical and allied I 1 1 ' I ! I 1 · products. ______rel.to1923-25__ 122.4 150.5! 133.5, 145.0! 147.3i 148.0 129.41 135.71 132.8!------~------1 1 Food and kindred I 1 1 1: I 1 I' products ______rel. to 1923-25.. 137.21 125.3: 107.1~1 131.7: 127. 9· 121.1 138.0 130.0! 113.7 ------Rolling mills and steel I I, i 1 I plants ______rel. to 1923-25.. 126.01 109.7 110.211 144.81 123. 2! 120.5 144.7 148.8, 142. 2(------Metal-working 1 1 I I 1 plants ______rel. to 1923-25 __ 1 87.01 93.51 97. 8:~ 145.01 128.71 127.2 144.5 140.5 137.5 '------1 1 1 1 1 1 1

~1~i:1gs;~:::::::: :: ~::~:::: ::::1 ::::: l::JI·i ::: ~I ::::, :::: ~:::: 1:1:1:.:81 1:0:1:. ~3 !.-_- -_- -__ :_-_- -_- -__ :_:_:_~-_-_:-__ :___ -:_:_:_:_:_[, ___ :_:_:_:__ ::_:_:_:_ products ______rel. to 192.1-25__ 77.11 75. 3'1 73.3' 109.81 111.81 92.8 109.3 Paperandpulp ____ rel.to1923-25__ 120.0 101.2 117.0 :, 141.0 133.7 132.1 133.3. 135.2 127.41------~'------Rubber and its ' 1 products ______rel. to 1923-2.5__ 99. ol 95. 3, 84. 3,1 135.1 1 113.11 108.4 146.4 143.8 124. 81:.·------Shipbuilding ______rel.tol923-25 .. 121.5[ 132.8j 99.0jl 134.41 114.0II 120.4 73.8j 102.211 91.8!------Stone, clay, and I ~-~ I glass ______rel.to1923-25.. 106.3 ! 19.. 4! 100.6 159.2 146.21 146.2 144.71' 149.1 136.6 1 ______TextiJes ______rel. to 1923-25__ 85.41 94 89. 8[ , 129. 8• 115. 5[ 109.8 121. o . 132.5 126.3 :,:::::::::: __ :_:_::::, ___ : __ :::~ Automobiles, includ- 11 1 1 1 21 1 1 80.9 74. 9i 77.91/ 122.41 88.4 79.4 141.21 127.11 130. ______, ______EMP~~~~a;;;r:~;l;::~~2LI oj 1

Employment in factories: 1 [ 11 NewYorkState ______rel.to1923 _____ 1 74.3 72.01 69.3 89.7 87.6 842 8601 858 853 'I 1 r;~;;:~~~~~~===~=~=~~~~=~:l: ~g mL:::t 1~!: ~ 1r~: ~~ 1I~: ~ 1 ]~~: ~ 1~~: gl 1 ~~·.: ~ _____ 1_~_g_:_t_1 _____ 1_~_~_:_~_ 1~: ~ :_:_:_:_-_::_=__ :_:_:_ :_:_:_:_:_=__ -_:=__ =__ :_ ------Massachusetts ______rel. to 1925-27.. 72.5 70.4 67.2 90.8 86.8 1 83 1 Illinois ______rel. to 1925-27.. 80.2 77.7 78.2 103.8 102.. 71 99.351 97.8 98.3 99.2 ------1 108 8 g:t~~~~~~~------~------:~~~:1~ fg~iiJ:~~== ~~: & 398~547:2~4~------40.-0 49169.1~5:78~i 93.01 1g~: ~ ~~: g m: ~ m: t ::::::::::1:::::::::: ------New York State ______number_. 411,333 , 383,518 485,018 465,,915 475,, 753 475,,043 472,2, 054 ~---_-_-_-_-_-_-_-__-l-_-_-_-_- __-- __-_--_ ------Oklahoma. ______number__ ------38,620 37,5101 34 093 31 960 31 794 3 88 5 'fotal pay roll: I New York State I 1 (weeklY)------thous.ofdolls __ l 11,489 10,883 10,513 14,938 14,328i 13,8601 14, 168l' 14,094 14,217 ------'------Oklahoma (weekly) ___ thous. of dolls .. ------1, 054 1, 0321 934 868 864 8841 I 1 New York State ______rel. to 1923__ 76.2 72.2 69. 7 99.1 95.0 91.. 9,. 94.. 0, 93.. 5 94.. 3 :___ -:_: ___ -:_:_:_:_:_j :_:_:_:_:_:_:__ :- ___: Illinois ______rel. to 1925-27 __ 69.0 64.0 ------105.8 101.3 96 3 98 31 97 98 2 1 Employment: I 1 71 I 1 Em~~~~~t.-trade:u~lo~~: cal. year 1926.. 116. 2 112. 9(------125.6 124.6 119.. 1~~ 118 .. 8! 118.. 91 116.. 1 -_-_-_-__-_--_- __-_------_-_-_-_-_-_ -_-_-_-_-_-_-_-_-_-_ United States ______per cent or totaL.! 79.0 78. 0. 77.0 89.0 88.0 84 91 0 90 0 87 0 Canada ______per cent Qf totaL 89.2 ------94.0 90.7 88.60 96.9 11 95.8 93.4 ------______------Anthracite mines: Emplovment------rel.to1923-25__ 96.2 94.7 96.5 109.8 I 107.6 110.81 135.91 117.71 109 41 I Pay roiL ______rel. to 1923-25 .• 1 102.31 83.2 85.0 116.6 87.6 110. 31' 134. 71 110.1 92:9 :::::::::: :::::::::: :::::::::: Federal civilian employees, 1 Washington, D. C., endmonth.number.. 70,790- 71,052·------63,713 63,877 63,9461 62,016 62, 244' 62,140 ------______'Revised. 'Cumulative through Nov. 30. 43 TREND OF BUSINESS MOVEMENTS-Continued ------·co-.c·=-= =-======-===7==-=-======------== The cumulatives shown are through I I I CUMULATIVE TOTAL FROM JAN. December, except where otherwise 1930 I 1929 1928 1 THROWGH DEC. 31 noted. Earlier data for items 1 I ---~---~----1----~---~---"------,------,-----

shown here may be found on pages II October Novem-~ Decem- ~·-October Novem- Decem- October Novem-~ Decem· -~~- 1930 _ !,~~~~e:'~9 of the August, 1930~~----~~~---- ~~- __b_e_r ___b_er ______1_9_2_9 __ 1_9_2_8_ EMPLOYMENT AND WAGEs-Con i I Average weekly earnings, factories: Illinois ______Aollars.. 26.42 25.31 25.09 29.17 28.52 28.12 2 8. 57 28.38 29. 5.5 ------New York State ______dollars.. 27.94 27.32 27.42 30.08 29.54 29.75 29.78 29.67 30. 12 ------Wisconsin ______dollars .. ------____ ------______26. 70 26. 13 24. 18 27. 25 26. 87 25.40 ------New York------rei. to 1923.. 102.6 100.3 100.7 1 110.4 108.4 109.2 109.3 108.9 110.6 ------Illinois ______rel. to 1925--27.. 93.1 89. 2l 88.4 102.8 100.5 99.1 100.7 99.7 101.5 ------Average weekly earnings (National Indus trial Conference Board): Grand total (both sexes). ____ _dollars._ 24.92 24.06 24.23 1 28.80 27.72 27.53 27.761 27.42 27.73 ------Total male ______dollars._ 26.25 25.15 25.36 'I 31.60 29.37 29.83 30.70 29.75 30.06 ------Skilledmale ______dollars.. 27.25 26.11 26.30 33.14 30.81 31.25 32.26 31.21 31.47 ------Unskilled male ______dollars._ 22.13 21.39 21.58. 25.64 23.86 24.35 24.72 24.34 24.76 ------Total women ______dollars.. 15.72 15.22 15. 47·1 17.84 17.03 17.36 17.34 17.16 17.24 ------Average weekly honrs: I Nominal (bothsexes) ______hours •• l 48.2 47.8 48.31 49.4 49.3 49.2 49.6 49.6 49.6 ------Actual (both sexes) ______hours__ 42.3 41.1 41.71 49.4 46.9 47.4 48.0 47.8 48.5 ------Wages, road labor, by districts: I New England ______cents per honr •. 1 49 51 51 51 49 51 51 50 51 ------Middle Atlantic ______cents per hour__ 41 40 411 42 42 45 41 41 44 ------South Atlantic ______cents per hour 22 22 22 1 27 24 27 26 27 28 ------East South CentraL ... cents per hour 24! 24 22 I 26 26, 25 26 27 26 ------West South CentraL ..cents per hour .. 1 27 26 28 30 30i 31 30 1 31 30 ------East North CentraL ..cents per hour •• 1 381 37 37 38 39; 39 1• 40 40 41 ------1 West North CentraL ..cents per hour .• ~8 1 35 37 37,1 371 ~ 811 39 40 38 ------· ------Mountain ______cents per hour__ 1 . 47 45 48. 48 " 49 42 46 -·-···----~---···-··· 1 8 0 1 t~~~~~-si.iies:average~~:~i~~:~~g~~::i g~l ~~ g? ~~~ ~~~ ~~~ ~~ ~~~ g~ :::::::::: :::::::::: W~~~Prates, U. S. Steel cents per hour I 501 50 50 501 501 501 50 501' 50 ····------····· ------Wages,steeiSiioot-workers~.centsperhour:::.\ 121.o1 121.0 121.0 121.o 121.o[ rz7.ol 125.5 125.5 125.5 ------Applicants per 100 jobs, employmen I i agencies: United Sstates ______number 193, 227 218 I 127 153\ 166 117 134 100 ------·-· -----·-··· -----····· Eastern tates ..... ______number.. 192I 231 239 132 153. 187 128 14211 146 -·------·······------Central States ______number .. 1 240 251 2331' 148 177! 181 133 125 146 ------· ------Southern States ______number.. 277 344 314 164 205: 222 142 153 193 -·-·--·------·· -······--- Western States ______number 1 74! 123 103, 71 751 77 62 71 69 ------~------Illinois ______number .. ] 278 280 270 147 181· 177 1 1331 144 1 144 ·_:·_·__ ··_-_:- __- _--_-_·_-_-_-_:____ _ Wisconsin ______number__! 1781 210 ----···-·· 128 160] 1631,1 1161 1401 138 - - Canada ______number.. 211! 189 ------· 143 164! 154! 1231 150 142 1 ------+------··· ------1 1 1 Factory Labor Turnover i i " I I ! I, i :i I

35.3 "''~;'~'"':::,:~~,:., ! n•i TL< 11 J "' ~) .,, 1 29.2 -·-----··· ·····--·------9.61 6.9::::::::::1. 28.51 19.4) 12.7! 31.9 25.6 V~t;;J:,!~~Y_ ____ percent(annnalbasis) __ l 1 Lay offs ...... per cent (annual basis) 17.0 14.7------1 9. 4 15. 3i 14.21 4. 7 4.8 Discharges ____ per cent (annual basis)__ 1 2 1 0 1, 4 7 3. 7: 2 41 5 3 1 Accessions. ______per cent (annual basis) __ n: 6 10:2 ::::::::::~~~~ 46:0 23.71 14: 6[ 57: t' 50.14.91 Industrial disputes: 1 1, 1 00;~ ·········· ::: :I :::: : 32 381 w~~k'i::-involve

DISTRIBUTION MOVEMENT 11 i I ! I I I BetaU Sales I I I I ! Mail-order houses: I . I I 2 us. 68, 878 55, 713 72, 486' 90, 019! 61, 628! 74,386 1 666, 782 734, 983 579, 328 Total sales, houses __ . tho of dolls_., 1 79, 256 73, 697! 63, 5871' Sears, Roebuck & Co .. thous. of dolls.. 38,785 33,312 43, 814[1 47,075 43,8461 54,220 37,002 36, 172i 42,434 394, 463 443, 453 346, 973 Montgomery Ward & . 1 I Co ______thous.ofdolls __ , 30,093 22,401 28,672!!1 32, 181 29,851, 35, 799i 26, 585i 25, 456[ 31, 952 272, 319 291, 530 232, 355 Ten·cent chain stores: 1 I , Total sales (4 chains) __ thous. of dolls.. 48,597 45,725 85,145'1 51,061 49,8791 87,948] 48,9931 46,8071 89,449 552, 140 572, 538 539,759 Total stores operated (4 chains) .. number.. 3,011 3,0211 3,023ij 2,834 2,8561 2,870: 2,615 2,637 2, 655 ------F.W.Woolworth&Co.thous. of dolls.. 1 26,422 24,077 42,320: 27,678 26,1601 44,1531 26,8961 24, 661[ 45, 441 289, 278 303, 032 287, 308 Stores operated ...... number._ 1, 889 1, 890 1, 8901 1 1, 823 1,828; 1,828: 1, 7181 1, 7251 13,761 14,021! 13,034 2U~1 --·i5o;353 ·--i5ii;328 -·-i47;363 s. S. Kresge Co .•...•.. thous. or dolls.. 12,853 12,503 23, 982\i 24, 12,9251 Stores operated .•...... number .. 668 676• 678 I 568 584, ~~¥: 4811 492! 506 ------McCrory Stores Corp ..thous. of dolls.. 3, 606 3, 617' 6, 7821 3, 798 3,8541 3,4511' 7, 218 43,223 44,706 41,041 Stores operated ______number.. 241 242 242 2431 7,~~~~ 3,4711 226 1 243 224 228 ------··------S. H. Kress & Co ______thous. of dolls._ 5, 716 5, 528 12,06111 5,824 5,844' 12, zoo; 5, 701 5, 6611 11, 946 69, 285 68, 476 65, 047 Stores operated ______number.. 213 213 213 200 201) 203: 192 194 W. T. Grant Co ...... thous. of dolls.. 7,084 6,677 11, 797', 6,164 6,511• 11, 536i 5,4181 5,~~1 10, 328 71, 057 65, 448 54, 987 Stores operated ______number.. 340 346 3481 263 273! 276] 203 2071 213 ······-··· ·------F. & W. Grand ...... thous. of dolls.. 2,026 1,894 3,5451 2,016 2,067i 3 601 1, 756 1, 719, 3,388 22,336 21,929 17,160 Stores operated ...... number.. 111 112 1121 91 94i • 94' 80 8li 81 Isaac Silver & Bros ....thous. of dolls.. 693 673 I, 421' 919 828; 1, 5271 610 6321 1, 361 8, 355 8, 488 6, 669 Stores operated ______number.. 44 45 45 45 45' 45 30 311 31 ------··· ------J.C.PennyCo ______thous.ofdolls.. 19,860 18,937 23,703 23,301 24,4201 29,5891 19,447 19,3041 25,105 192,921 209,700 176,6911 Stores operated ______number.. 1, 450 1, 452 1, 452 1,373 1,390, 1,3951 1,0201 1,022 1,023 ------G. C. Murphy Co ..... thou.<. of dolls.. 1, 621 1, 579 3,170 1,403 1,464! 2, 649: 1,056 1,132: 2,450 17,496 15,729 12,119 Store< operated .....•.... number.. 163 165 166 150 152i 1201 1301 133 ------,------Restaurant chains: 1531 'l'otal sales (3 chains) .. thous. or dolls,_ 4, 884 4, 599 4, 90211 5, 262 5,040' 5,176, 4,8021 4, 6171 4, 987 57, 3001 59, 537 55, 578 • Stores operated ______number __ l 377 379 384 373 376. 3751 3671 3691 371 ------Childs Co., sales .. __ .. tho us. of dolls_. 2, 259 2, 075 2, 2771 2,474 2,m • 2,4721 2 160' 2, 369 26, 489 27, 910 26, 379 Stores operated ______number.. Ill Ill 112 109 2,2661110 '1121 113 ------J. R. Thompson & Co., I I llll I sales ...... •...... thous. of dolls.. 1, 287 1,186 1, 246 1,367 1,284_ 1,269 1, 1, 255 14, 943 15, 616 14, 585 1.3201 2071 Stores operated ______number__ 121 121 120 121 122' 121 1231 124 ------Waldorf System (Inc.), i 1231 i sales .••...... ••.•. thous. or dolls .. 1, 338 1, 338 1, 3791 1,421 1, 394i 1 1,363 15,8681 16,010 14,622 1,26711 134 ______~ ______Stores operated •.•...... number.. 1 143 143! '~·t!~! 134 'i~l Installment sales inNew England I dept. stores, ratio to total sales. per cent __ 1 :~: ------~~1-----~~~ 8.8 8.5: 5.41 9.0, 7.5l 'l. 2 ______J ______------• Revised. 44 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through December, except where otherwise 1930 I' 1929 I 1928 ICUMULATIVE TOTAL FROM JAN. noted. Earlier data for items 1 THROUGH DEC. 31 shown here may be found on pages 1 I , ' -~ I I I I 27 to 139 of the August, 1930, October 1 Novem- Decem- October I Novem· I Decem· . October Novem- Decem- 1930 1929 1928 H Sur vel!, 1 ber ber ber i ber ber 1 ber DISTRIBUTION MOVEMENT-Con. ---~------~---~---~------~-- ~------~---

Advertising Magazine advertising ______thous. of lines __ 2, 490 1 2, 488 2, 2651 3, 050 il 3,102[i 2, 896 I' 2, 916 2, 8771! 2, 622~-----·----I' ...... I!______Magazine advertising, total 1 cost ... ______thous. of dolls_. 17,759 17,359 15,352 • 19,7501 '19 582 1 I7, 994 19,014 17,6371 15, 049' 201,855 203,777 185,295 Newspaper advertising ....thous. of lin6s._ Radiobroadcast cost, facili· ~m ~~ ~~ ~ru 1 ~1 ~1 ~~ ~, ~44~~4~m~4~• ties .. ______thous. of dolls __ 2, 674 2, 577 2, 722 1, 9481 I, 908i 1, 969 I, 362 1, 1581 I, 084, 26,819 18, 730 IO, 252 Postal Business 1 Postal receipts: 50 selected cities ...... thous. of dolls_. 32,279 , m , .., t •n. ... 50 industrial cities ___ ..thous. of dolls __ 3,568 3, 028 4, 4I8 "Jl3, 737 ,,3, 3641,~I '",.I4, 5651 ...3, ,.,583 "·3, ,,1202! '"·4, J3311 '"40,980 ,, '""4I, ...630 40,569 Money orders: Domestic issued (50 cities)- Qnantity______thousands __ 3, 662 3, 525 4, 165 3, 843 3.74511 4, 0961I 3, 669 3, 480:I 3, 950 I 44, 219 44,366 41, I03 Value .... ______thous. of dolls._ 35,916 34,525 39,627 39,9631 39, 085·1 40, 876[ 37,554 35,711: 39,04611 437,290 451,870 417, 8~ Domestic paid (50 cities)- 1 Quantity..... ______thousands_. 11.514 10,248 11,716 12, 690I 11,829, 12,850 I2, 020 11, 59II 12,841 129,708 138, oo9 132,579 Value ______thous. of dolls_. 90,647 Air mail, weight dispatched ... ____ pounds __ 742,687 637,~~ 054. .. ______~~~ 705,7721~- 624,~~~ 750 618,991~~ 465,635~m 424,465~ml 541,~~4~04~~4~~ 56117 7, 234,689 76, 472, 158,'3, 000,671 BANKING AND FINANCE

Banking I I I I Bank debits: New York City ----....mills. of dolls .. 30,781 29,001 63, 325i 53, 604 39,850: 45, 189 45, 469i 52, 72/i 384,640 603, 0881 500,210 Ontside of New York 22,4901 City ------...... mills. of dolls_. 23,693 '19, 700 23, 113 Canada .. -...... mills. of dolls .. 1,884 1, 515 1, 538 •~2,4611 ••2,260 •a~1,8581 ~~2,395 -~2,3761 •~2,12II mm19,265 •m24,0841 -~23,624 F ederal reserve banks: Bills discounted ... _.... mills. of dolls .. 2021 251 251 9911 9I2 6321 932l 9901 I, 1511 ------·-- ...... ------·· Notes in circulation .... mills. of dolls 1, 355 1, 451 1, 664 1, 880 I, ~~g 1, 910: 1, ~~~ 1, ~~g 1, 8291------!------Total investments...... mills. of dolls:: 773 827 1, IOO 1 Total reserve...... mills. of dolls_. 3,192 3. I45 3, 082 Total deposits...... mills. of dolls .. 2, 5I9 2,492 2, 5I7 Reserve ratio ...... , ______per cent .. 82.4 79.8 73.7 Federal reserve member banks: ~J~ ~~H! \~Jii \~!i \i~~~ ~J~~~: ~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~ Total loans and dis- connts. ______mills. of dolls .. 16,764 16,5161 16,263 18, 934! 17, 698, 17, 649; 16,067 16,260 16, 963] ...... J ...... Total investments __ .,.,mills. of dolls __ 6, 693 5,4961 5,655[ 5,514:I 6,430 6,375 I 6,3761 I ...... 1...... Net demand deposits_ .. mills. of dolls .. 13,8306, 7311 13,9086,8001 13,999 Brokers' loans, end of month- ToN. Y. Stock Ex. members- 15, 1101 I:: 1:::::1 1:::: 1:::::1 1:: TotaL______miiJs. of dolls .. 2, 556 2,162 1, 894 6 :::i :::I~~~~~~~~~~ ~~~~~~~~~t~~~~~~~~ Ratio to market value_ per cent .. 4.65 4. 06 3.86 8~~~ 6. 32i 6.171 9. 62 9. 661 9. 541 __ ...... ,______By New York F. R. . member banks ___ mills. of dolls._ 2, 512 2,111 1, 926 D epos1ts, New York State sav- ings banks, end of month _mills. of dolls_. 4, 658 4, 666 4, 7921 nterest rates: ::i ::: ::: ~=: ::1 ::1 :::::: : :::: :: Time loans, 90 days ______per cent __ 2.50 2.131 2. 25 Ca~lloans, renewaL ______per cent .. 2.00 2. 001 2. 23 Pr!me com, paper (4-6 mos.) _per cent .. 3.00 2.88 2. 88 Pnme bankers' acceptances .. per cent__ 1.88 1.88, 1.88 N.Y. Fed. R. Bank (redis.) __ per cent __ 2. 50 2. 50] 2. 00 Federal land banks ______per cent.. 5. 63 n1 Intermediate credit banks ___ per cent .. 4.00 t ~::::::::::: n~ ~~ t~ t~1 ~~~:~)=-~;~ ~~=~:!~~;~~~::~;!; I i 5. 57i!: : [I i Public Finance I Government debt, gross, i I I I I end of month ...... mills. of dolls __ 16, 180 16, 1851 16,026 Customs receipts_ .-...... thons. of dolls 39,319 36, 365j 30, 764 ~~:~~~~ !~:~~~~ ~g;~g~l ~~:?!il !~:!~~~ !;;~~g]--·4s6;i72---6o2;69s\·--565;5oii Total ordinary receipts ____ thons. of dolls:: I47, 813 717,092 175,9981 143,889 742, 9421 187,627 145, 1561 649,1051 3, 954,609 4, 243, 15Ii 3, 920,048 Expenditures chargeable to 120, 362,1' ordinary receipts ______thous. of dolls __ 375,244 244,651 364,540 364,6781 2I8, 4071 443, 1911 368,653 213, 629· 384,0191 3, 809,340 3, 798,2431 3, 755, 20.'> U. S. money in circulation: Daily average_ ...... mills. of dolls __ 4, 501 4, 5281 Gold aud SUver Gold: I Domestic receipts at mint_ fine onnces __ 152,648 113,430: 1~::::1 12:::::~ 11::::11 .::1 ,,::i .:: ::11·:~~~~~~~ ---~~~~J---~~:~~~~ Rand output. ______fine ounces .. 926, 56I 884,000 0, 0001 888, 690 861, 593 851, 1341 897, 720 872,4841 859, 761 10, 718, 515 IO, 414, 066j10, 358, 596 Monetary stock of U. S., daily average_ .. ______mills. of dolls .. 4, 520 4, 553 Imports ...... ______thons. of dolls __ 35,635 40, 159 2 1 1 Exports __ .... ____ ... __ thous. of dolls._ 9, 266 5,008 Silver: at~r t~1 ai:~! 7~:m1. t:U~ ~!:~~! \· ~~ ---m~ -~k~~ ~i~ Production- United States.... thons. of fine oz .. 3, 816 • 3, 7381 3, 450 5, 130 5, 795 4, 592 4, 352 4, 756 5, 273' 49, 971 60, 180'1 56, 149 Canada..... -....thons. of fine oz .. 2, 291 1 Stocks, end of month- '1, 4121· 1 United States.... thous. of fine oz .. 649 956 2. 1. 2, • Canada ... -...... thous. of fine oz __ 217 2161 ~~I :: ;;i ~: ;;;· ;;~~ ;;~ ~;;I ;~;;;I====~~·=~~~====~;~~~====~~~~~~ Imports ... ______thous. of dolls .. 3, 270 2,6431 2, 6601 5, 403 5, 144 4, 479 7, 3I9 5, 448, 5, 120: 42,752 63, 940 68, 117 Exports_ ------.....thous. of dolls .. 4,424 4, 102, 3, 472 7, 314 8, 678 6, 369 7, 252 7, 6741 8, 489[ 54, 155 83,407 87,382 Price at New York. __ dolls. per fine oz .. . 358] . 359i . "' ·'" .<00 ·"" . "'' ...I .'l------·------· Business Failures I I Liabilities (United States): Total commerciaL ....thous. of dolls __ 56, 297 55, 2611 83, 683 31, 314 52,0461 67,465 34, 990 40, 6011! 40, 774· 668, 283 483, 252 489,559 Manufacturers..... thous. of dolls .. 17, 989 19, 438 ~~ ~m ~w ~~ ~~ n~ -~ •m 182,478 Trade estabs ...... thous. of dolls .. 22, 096 21, 2171 28,8531 14,464 16, 122 ••128, 550 17,268 17,2241 18, 933! 273,431 224,732 225,301 Agents and brokers ______thous. of dolls .. I 8I, 781 Banks (quarterly) _____ thous. of dolls __ 8 ~~; ~~~ ----~~·-~~~ o 7~: ~~~ 1 87!:I~L--~~~~~~ o 5~: ~~~~ 8 26: ~5 -----~·-:~~~ •4~: ~~'I ~: m 2i~: ~~~ 129,650 Liabilities (Canada)_ ...... thous. of dolls .. 2, 532 2, 958 6, 994 1 2, 572[ 3, 205 3, 953 2, 504 3, 315. 3, 035' 45, 796 32, 063 36,535 • Revised. 7 Cumuiative through Nov. 30. •Quarter ending Sept. 30. 'Quarter ending in month indicated. 45 TREND OF BUSINESS MOVEMENTS-Continued

The cumulative& shown are through I r' CUMULATIVE TOTAL FROM JAN. December, except where otherwise 1930 1929 1928 1 THROUGH DEC. 31 noted. Earlier data for items I · shown here may be found on pages -----,-~---.------I I N 27 to 139 of the August, 1930, October Novem- Decem- October Novem- Decem- October ovem- Decem- 1930 1929 1928 "Survey" ber ber ber ber ber ber _B_A::::_N.::KI:...:N=<.G_A_N_D_F_I_N_A_N_C_E-_C_o_n_td-.-~1 ·---·------~------~---~------11 I I II I Business Failures-Continued 1 Firms (United States): li I Total commerciaJ.. ______number .. 2, 124 2, 031 1, 943 26,355 22,909 23,842 2, 1, 1, 2, 2, 1, Manufacturers...... number .. 4991 448 g~?[f :~~ ~~~ g~~l g~~! ~~~ 498 6,278 6,007 5,924 Trade establishments.... number .. 1, 474 1, 447 1, 834 1, 211 1, 166 1, 34411 1, 3691 1, 202 1, 3241 18,443 15,417 16, 471 Agents and brokers ______number.. 151 136 1541 128 149 134 1261 117 121 1, 684 1, 485 1, 441 · Banks (quarterly) •• --...... number.. 8)02------8 8 '116· 934 437 372 Firms (Canada) ______number.. 214 237 • ~~~~~ 1~~ ------i84 • ~~~~ Igr-----i74 213 2, 464 2,101 1, 873 By groups: Manufacturers- Metals ______number.. 34 34 1 30 433 443 443 Textiles ...... ------·number __ 97 71 69 850 719 793 Lumber ______number __ l 54 71 !1 107 1,041 1,135 970 Chemicals. ______number.. E i! ! 7 5 ~1 1 ,~' 3 1~~ 13 114 123 98 Printing and engraving.. number_. 20 18 18 11 212 174 172 Foodstuffs ______number .. 35 27 dll 1g ~~ ~~I ~ 46 449 462 496 Leather, etc______number.. 15 8 8 1501 151 157 10 ~ ~ ~ = ll ~ 76 Liquors and tobacco._ ... number.. 14 61' 4 7 6' 6 12 6 73 75 Stone, clay, and glass_ ... number.. 12 14 12' 8 12 8! 1 1 6 115 102 94 All other ______number __ 211 190 m o ~ m a 202 2,841 2, 622 2,626 Traders- 1 General stores ...... number .. 108 104 138' 78 67 1021 87 100 104 1,197 1, 017 1,042 Foods and tobacco ...... number .. 398 393 4611 408 374 3861 503 412 441 4, 713 4,892 5,153 Clothing ______number .. 250 261 250 3, 704 2. 653 2, 951 Household furniture ..... number.. 253 245 219 3, 269 2,602 2, 768 Chemicals and paints ....number .. 94 111 1141 rn86 rn69 901 '78 62 65 1,098 792 803 Books and paper.. ______number.. ~ = = 18 11 =151 10 5 61 10 14 5 163 132 144 All other ______number.. 353 322 m m m Dl ~ m 240 4, 249 3,329 3,405 Life Insurance 1 I (Association of Life Insurance Presidents) I Policies and certificates, new(44 companies): Ordinary ______number of policies __ 261, 141 253,481 319, 357 289,055 281,360 3ll, 303 263,201 257,589 289,606 3,301,414 3, 280,210 2, 983, 681 lndustriaL ...... -.number of policies __ 846,805 740,919 793, 704 879,483 941,358 868, 763 946,284 782,026 951,002 10,267,397 10,821,882 10,402,919 Group ______number of certificates.. Total policies and certificates.number __ 1, 143,~m 257 1, 022,-~ 504 1, 172,•w 31611, 217,•a 600 1, 262,~m 289 1, 300,~m 382 1, 228,~m 396 1, 081,~- 973 1, 368,~- 904 14,133,788•• 14,725,987•• 13,948,053~- Amount of new insurance (44 companies): Ordinary ______thous. of dolls.. ~g •m ~~ mm ~m ~m -~ ~~ ~~~mm~~~~~m IndustriaL .. ______thous. of dolls.. 243, 779 208, 482 228, 803 240, 489 249, 246 234, 046 233, 530 202, 948 246, 0451 2, 851, 130 2, 898, 158 2, 692, 522 Group ...... _...... thou~. of dolls.. Total insurance ______thous. of dolls .. 914,~m 883 861,092-~ 1, ll2,~~ 173 1, 053,360~- 1, 039,727~~~ill 1, 235,775 965,493~rn 924,~- 150 1, 280,502--~-m~~-~-- 12,461,045 12,885,389 12,228,225 Premium collections (44 companies): Ordinary ______thous. of dolls .. 165,954 154,473 ------169,724 156,465 190,844 154,489 155,032 181, 752 11,815,745 11,795, 681' 1, 692, 182 IndustriaL .. ______thous. of dolls.. 55,851 58, 108 ------51,705 57,973 97,619 55,691 49,154 96,864 1 639,285 1 606,234 1 565,642 Group ______thous. of dolls.. 7,944 7,269______8,497 10,081 10,560 6,447 6,577 7,078 186,749 1101,1'11 180,901 Annuities •. ______thous. of dolls.. 6, 917 7, 094 ------1 74,216 ------TotaL. ______thous. of dolls .. 236,666 226,944 ------229,926 224,519 299,023 216,627 210, 763 285, 6941·12, 615, 995 '2, 503, 086 12, 338, 725 Admittedlifeinsuranceassets(40companies): Grand totaL ______mills. of dolls .. 15,120 15,217 ------13,906 14,015 14,135 12,634 12,742 12,889 ------Mortgage loans- TotaJ ______mills. of dolls .. 6,244 6, 210 ______5, 972 6, 002 6. 048 5, 484 5, 517 5, 580 L------Farm ... ______mills. of dolls.. 1, 562 1, 561 ------1, 599 1, 598 1, 5911 1, 606 1, 603 1, 606 '------All other ______mills. of dolls.. 4, 682 4, 709 ------4, 373 4, 404 4, 457 3, 878 3, 914 3, 9741·------Bonds and stocks (book value): TotaL. ______mills. of dolls.. 5, 719 5, 736------5, 284 5, 237 5, 264 4, 752 4, 816 4, 867 ------Government ...... mills. of dolls.. 1,095 1, 101 ------1, 063 1, 040 1, 0531 939 949 957 :------Railroad ...... mills. of dolls .. 2,638 2, 640 ------2, 534 2, 540 2, 539 2, 410 2, 437 2, 448 ,______Public utility ...... mills. of dolls __ 1, 521 1, 526.______1, 295 1, 311 1, 3191 1, 163 1, 180 1, 203 ------All other ______mills. of dolls .. 465 469------342 346 353 240 250 259 ------Policy loans and premium notes._ ...... mills. of dolls .. '"'" """""" """" '·"" '·"" '· M' I '· '" '·"" '·"' (Life Insurance Sales Research Bureau) "~ l"""""""""f"" """""" """""""""" Sales of ordinary life insurance: United States totaL ...thom. of dolls.. 685, 755 653, 131 795, 642 787, 133 782,497 915,89411 764, 577 722,495 886,048\ 9, 279, 3851 9, 650, 837 8, 936,665 Eastern manuf. dis.thous. of dolls.. 285,594 279,651 324, 635 309,637 320,244 350, 504 316,574 296,968 352, 806] 3, 847,9601 3, 921, 777 3, 648,065 Western manu!. dis ...... thous. of dolls __ ~~ ~m ~m ~m ~N ~~ ~m ~m ~~~~,~-~~~- Western agric. district ______thous. of dolls.. 97, 300 90,178 117,117 121,985 115,195 143,3541 112,916 104,294 132,957 1, 335,639 1, 423,160 1, 345,140 Southern district ..thous. of dolls.. n~ ~~ ~m •• ~~~~ ~· ~o ~~ ~oo~~~~-~~~~ Far western dis.... thous. of dolls.. ~~ ~m ~- ~~ ~m ~~ ~- -~ ~m mm! Canada total, 15 nm am companies.. ______thous. of dolls.. -~ •• •m •~ Km ~~ ~m ~- KOO •• ~~ •m Dividend and Interest Payments I I I Grand total ______thous. of dolls .. 763,329 579,028 712,927 767, 850 553, 450, 6707, 14Zi I 624, 400 417, 620 583, 300·18, 207, 5541 7, .')88, 2481 6, 028, 184 Interest payments ______thous. of dolls .. 443,329 301,587 429,0271 424,650 263, 650j 412,441 . 388.600 234,220 382, 100 . 4, 374,414. 4. 109,948: 3, 702,674 Dividend payments: 1 TotaL...... thous. of dolls.. 320,~ 277,450 283,900, 343,200 289, 8oo[ : 294,, 7oo(. 285,800 183,400 201,200 113,833, 150! 3, 478, 3oo. 2, 325,510 Industrial and misc ___ thous. of dolls .. 250,000 212,000 221, ooo 230 100 1 1 -~ -~ ~~ ~~ ~~~-~~~~~m• Steam railroads ______thous. of dolls .. 44,~ 38,500 45, 500 40, ooo, 6 38, 600 36, 800 36, ooo 30, 200 505, 3oo 468, 4001 391, 480 39,~i 1I 1 1 Street railways ...... thous. of dolls __ 10,500 11,950 13,900, 11, ~ 12, 500 I 14, 5001 11, 100 11, 500 13, 500,: 122, 050, 122, 600 1 122, 150 6 Revised. 'Cumulative through Nov. 30. 8 Quarter ending Sept. 30 • Quarter ending in month indicated. 46 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through P I :1 CUMULATIVE TOTAL FROM JAN. December, except where otherwise 1930 1929 1928 1 THROUGH DEC. 31 noted. Earlier data for items 1------,----,---- .------~---,----,------11-----;----,--·-·--- 8hown here may be found onpageB October Novem· Decem- t b I Novem· Decem· t b Novem· Decem· ! 0 I 0 0 1930 1929 1928 ~•"su~~e:•~9 of the August, 1930, ·---__b_e_r __b_e_r_ --~-o~r-! __b_e_r ___b_e_r -~~--~ er __b_e_r ___b_e_r______1 BANKING AND FINANCE-Contd. I !I New Security Issues I ~~ Foreign loans in the U. S __ thous. of dolls__ 84,000 7, 000 17,6501 4~. 295: 35,095 69,88811 64, 621 102, 5271! lW, 951 1, 056, 407ll 705, 76) 1, 489,363 Foreign governments ______thous. of dolls __ ------15, 000 13, 000 481, 886 68, 250 651, 120 Total corp~ratiou ______thous. of dolls__ 213,795 14i: ~gg ---is7;644 • 75~: ~~~~---2o2;i3i ---344;9451 6~g: ~~ Purpose of issue- New capitaL ______thous. of dolls__ 151,148 137, 622 180,872 724, 1661 186, 793 261, 89II 603, 473 ~~:: :::! 1,::: :~: ,1· :: :::: ::111~: ::::::: :: :~:: :: Hefunding ______thous. of dolls__ 62,647 ~m ~m~ ~~ ~a ~, ~w 58, 5741 61, 655 528, 876 1, 386,921 I, 738, 274 Type of security- Stocks ______thous. of dolls__ 301,136 I8, 438 73, 509 47I, I6611 I26, 7:33 203, 5941 393, 6IO 453, 580! 694, 081 11, 568, 280 6, 921,409 3, 6;~, 16~ Bonds and notes ___ thous. of dolls__ 183,659 313,5491 308,647:1 3, 905,000 3, 104,950 4, 191,712 Class of industry: ~m ~m ~~ ~- ~~ -~ Railroads______thous. of dolls __ 5,000 7, 600 14, 250 57, 2201 65, 784 I33, I83~r 45, 830 57, soo! 79, 179lr, 026, 537 817, 1961 727. 740 Public utilities ______thous. of dolls __ 104,642 89, 738 ll6, 778 102, 356, 26, 509 150, 77911 209, 59 I 106, 0111 192, 108 i 2, 566,217 2, 442, 77012, 562, 289 IndustriaL ______thous. of dolls __ 44,6051 10, 562 2I, 889 98, 2021 51, 400 20, 8971 114, 233 152,0921 195, 434· I 623.371 1, 994, 670 1, 516. 87I OiL ______thous. of dolls __ 35,750 4, 250------109,6801 5, 287 4, 900:1------99, 6161 54, 169 279,074 349,882 248, 812 Land and buildings ___ thous. of dolls __ 8, 740 3 73,745 1 43,4921 245,409 527, 1621 809, 365 Shipping and misc _____ thous. of dolls __ 15, 0581 ~~: ~~g ~; ~~ a6~: ~~~. ~~; ~~~' ~~: ~~( I~~;~~~ 277,866 1 412, 553'1 482, 633 3, 779, 455; 1, 901,579 States and municipalities: 1 1 Permanent loans ______thous. of dolls __ 1 93,982 95,787 I22, 3461 65, 974! 286, 517: 98, 233 173,824\ l16, 141i.lr, as2, 203 1, 442, aso 1, 389,819 Temporary loans ______thous. of dolls __ ~i·~~~l 80,422 19, 371 99, 505 74, 1871 50, 624! 82, 552 14,496 26, 183: 894, 963 920, 982; 716, 793 Bond sales (Canada): ' 1I Govt. and provinciaL_thous. of dolls __ 111, 5521 20,000 45,170 2, oooil 14,9951 33, 5ooi 24, o6o 5,0551 ______j 295,158 118,96Ii 88,618 MunicipaL ______thous. of dolls __ 12,547 2, 526 3,236 I, 080 I8, 766 28, 139; 5, 144 2, 5971 2, uz:: 113, 643 115, 729/ 27 223 Corporation ______thous. of dolls __ 34, 1661 2, 700 11,748 ~3. 7751 3, 944i 31,830: I5, 396 4, 425 r8, ~oo 1 210,564 zr9, 342' 261:445 Tax-exempt securities out· 1 standing, end of month ___ mills. of dolls __ 20, 040[ 19,684 19, 646 11,025 I7 033;! I IS, 378i 18,433 I8, 994!1 16,954 . w------~------Agricultural Finances I 1, I li . i Loans outstanding, end mo.: I II Federal farm loan ·I li i banks ______thous. of dolls __ 1, 189,309 1, 187, 845 1, 187, 439 1, 200, 9321I, I99, 1741 1, 197,282/11, 190,278 1, 191,72411, 193,84611------__ J ______-- Joint-stock land banks_tbous. of dolls __ 560, 052 566, 97 4 553, 294 590,507 587, 7231 584, 82411 607, 632 605,598 605, 19l ______------;------· Federal intermediate credit banks ______thous. of dolls __ 126, 104 lSI, 869 130,010 75,3731 76, 7801 76, 09III 76,547 78,685 . 81.27711---·------t------Stocks and Bonds I I I 1 Stock prices, average daily closing: I I I 25 industrials, aver· age ______dolls. per share __ 240.491 227.60 212.34 3U6. 951 274.63: 286.9511 293.51 316. 15 I...... 25 railroads, average __ dolls. per share __ 97.30, 90.23 82.00 142. ao: I23. 251 126. 841 123.40 130.07 ~J ...... Southern cotton millsAolls. per share __ 63. 54j 62.04------88. 61! 86. 99 86. 73 103.19 102.58 103 stocks, average____ dolls. per share __ 43.441 42.12 38.09 69. 911' 62. 40 62.481 78.45 86.20 ~~~: i~t:::::::: :::::::::t:::::::= Stock prices, average weekly closing: Industrials, rails, and util· I I ities (\02) ______rel. to 1926 .. 127.61 116.7 109.4 201.7 151. 11 153. sll 159.1 171.1 171.41 ______------·------All industrials (335) ______rel. to 1926 __ 117.8 108.5 101.9 I94. 4, 144. 81 146. 9 166.2 178.9 178.4 ------· ------All railroads (33) ______rel. to 1926 __ 102.1 93.5 I57. 0; 135. 11 I36. 3 128.2 134.9 All utilities (34) ______rel. to 1926 __ U~:~1 167.4 157.9 276. 61 194. 4 200. 91 154.5 168.6 m:~ Automobiles and trucks :::::::::::::::::::::::::::::: (13) ______rei. to 1926 __ 108.01 101.2 100.3 195. 61 133. 711 I33. 6 283.6 284.3 Automobile tires and rub- ber goods (7) ______rel. to 1926 __ 52.5 56.0 54.9 147.41 103. 0 99. 6! 137.6 143.2 Airplane (10) ______rel. to 1926-- 269.61 214.9 177.0 693. gil 382. 21 360. 21 667.4 752. 9, Agricultural implements (4) ______rel. to 1926._ 211.71 195. s 169.7 373. 2 376. 1 276. 01 309.4 337.11 Chain stores (17) ______rel. to 1926-- 88. 1 81.7 78.1 138. 7 104. 3·l 106. I1 150.9 161.0 Copper and brass (9) ______rel. to 1926 __ 92.6 90.8 79.9 258. 7 204. 0, 196. 01 185.1 227.01 Food, other than meat (20).rel. to 1926 __ 133.5 126.4 123.0 176.21 141. 4[ 144.11 167. 1 171. 7 Machinery and machine equipment (10) ______rel. to 1926-- ·i·••ii.iii 134.4 120.3 116.91 172.3j 135.31 142.5! 140. 1 148.71 0il producing and refining ~ !il·i·i•••~•i ·~iii~~··· (16) ______rel. to 1926 __ 106.4 96.9 g7. 81•1 161.41 130. 6i 131. 91: 117.0 132.6 Hailroad equipment (9). __ rel. to 1926 __ 76.8 126.8 132. 71_ ------1------Hayon (5) ______rel. to 1926 __ 72.9 143. 6j ll9. 51 123.711 130.61 67.9 58.2 I Ill. 01 102. o, 96. 71 161.3 161.9 Steel and iron (9) ______rel. to 1926 __ 141.5~u~~ 130. 5 124.71 217.1 169. li 169.91 158.7 164.6 Textiles (30) ______rel. to 1926-- 58.2 54.9 103. 1 77. sr 76. 611 131.6 142.5 Theaters, motion pictures, 51.011 and amusements (7) _____ rel. to 1926 __ 87.81 77.7 66.7 131. 5j 96. 5[ 88.611 136.7 139.1 I ~!t Tobaoco and tobacco prod- : :·:::: :.: ucts (lO) ______rel. to 1926 __ 148. sji- ______136. s[ 129.2 125.6,1 146. 4! 12s. 41 135. oil 141.8 }50.6 Traction, motor transpor- tation, etc. (9) ______rel. to 1926 __ 72.31 67.9 63.3 so. 4 12. sl 75. 2 1 96. ai 95.3 96.4 [ ______! ______------~ Stock yields: I Total common (GO) ______per cenL. 5. 051 5. 43 5.62 3. 3.51 Industrial (50) ______per cent __ 3. aai 4. 54 4 4811 nl 3. 61 5.69 5. 7911 3. 6l1 4. 89 4: sa[ 3. 61: 3. 41 -----·---·j------Public utilities (50) ______per cent__ U~1 4.10 4.37 2. 051 3. 16 3 08 . 3.191 3.01 :::::::::: Railroads (20) ______per cenL 1 ~: ~~ ::::::::::,:::::::::: 5.981 6.46 7.05 4. 26: 4. 95 5: 5.03 4. 79 4. 79 ---·--·---~----·------Preferred high grade industrial 01\i (20) ______• ______per cent__ 5.52 5.62 5. 541 5. 65 5. 54 i 5.44\ 5.42 Stocks sale, N. Y. Stock 5. 771 5.43 ------+·------Exch ______thous. of shares __ 65,497 51,946 58,764, 141, 668[ 72,455 83,8621 99,0771i 115,434 92,837 825,50011, 124,991 921, 550 Bond sales: Miscellaneons ______thous. of dolls __ 264,357 182,906 250,707 337, 374j 275, 2881 262, 174 I 226,6211 2IO, 897 190,010 12,706,507 2, 913, 176 2, 783, 471 LibertY·Treasnry ______thous. of dolls __ 9, 773 6,640 15,055 15, 839; 15, 7461 15, 361[ 11, 949[ 10,569 16,947 114,079 142, 147 178,315 TotaL ______thous. of dolls __ 272, 130 189, 146 265,762 353, 2131 291, 0341 277, 535 I 238, 570j Bond prices: I Highest-grade rails i' 2. 961.786 ------P· ct. of par. 4% bond __ 95.85 94.63 92.89 86. 69 87. 79 89. 1sll 90.72: 22:~~:: 2:~9:: ~-~~~~~~~~r~~~~~~ Second-grade rails 1 II ------P· ct. of par. 4% bond __ 87.491 85.85 82.78 79. 351 80. 14 82. 661 81.981 83.11 81. 781------\----~----- Public ntility __ p. ct. of rar. 4% bond __ 78.921 77.32 75.54 73. 31 72. 05 73. 41 81.121 81.30 80.34 ------·-"·-- IndustriaL ____ p, ct. of par. 4% bond __ 71.631 70.53 68.61 74. 88i 74. 18 75. 261 78.34 78.57 Comb. price index 78. 2311---·------~-- ·------·------P· ct. of par. 4% bond __ 82.491 81.10J 78.96' 78. 23~ 78. 08 79. 65 1 82.791 83.31 82. 341------47 TREND OF BUSINESS MOVEMENTS-Continued

1'he cumutatives shown are through 1930 1929 I 1928 I CUMULATIVE TOTAL FROM HN. December,noted. Earl;r except data where for otherwise itemss ------··-··---ll-----:-----..----1. . _ _ 1 THROUGH DEC. 31 shown here may be found on pages 27 to 139 of the August, 1930, October I Novem- Decem- October Novem· Decem· I October Novem- I Decem· 1930 1929 1928 _'..c'S:::.u=rv::.:e,.y,_'_'------II---- ber ber ______b_e_r ___b_e_r_ ,---- __b_e_r ___be_r_f______BANKING AND FINANCE-Contd. I ! i Stocks and Bonds-Continued ! I i 1 Bond yields: 'l'otal, 60 high grade ______.per cent__ 4.41 4. 46 4. 55 4. 73 4. 70 4.64 4.571 4.551 4.59 ------Railroads (15) ______per cent __ 4. 25 4. 32 4.41 4.66 4.57 4.50 4.43 4.39 4.47 ------Industrials (15) ______per cent__ 4.89 4. 97 5.12 5.08 5.09 5.03 4.95 4.93 4.S8 ------Utilities (15) ______per cent__ 4. 53 4.57 4. 61 4. 91 4.88 4.80 4. 74 4. 73 4. 77 ------Municipal (15) ______per cent__ 3. 94 4.00 4. 05 4. 29 4.25 4.22 4.17 4.151 4.15 ------Municipal bond yield (20) ___ per cent__ 3. 99 4.06 4.12 4.37 4. 29 4.231 4.16 4.14 4.17, ------Bond prices, 1st of following month: 5 Liberty bonds ______p, ct. of par__ 106.06 106.41 105.53 102. 20 104. 24 103.761 103.85 103.75 103.45 ------50 Domestic bonds______p, ct. of par__ 100. OS 99.68 97.811 99.72 99.84 99.36 ------40 Representative issues__ p. ct. of par __ 86.08 84.05 U. S. Treasury notes and ~~j~l-----:~~:~1-----:~~~~ certificates, 3-6 months____ per cent__ '1. 74 '1.40 1.48 4.37 3.47 ~::~ ~------~~~~~------~~~ ------~~~~ :::::::::::::::::::::::::: Liberty and Treasury bonds_ per cent__ 3. 34 3.32 3. 34 3. 67 3. 45 3.46: 3.551 3.48 3.53 ------Long-term and real-estate bonds issued: 1 Grand totaL. _____ thous. of dolls._ 6,6351 9, 965 29, S77 19, 275 7,820 8, 100; 64,864 61,360 37,952 170, 974 333,875 682, 265 Purpose of issue- Finance construction I ______thous. of dolls__ 1, 2101 1,595 530 13,8751 1, 910 4, 5301'' 33,290 12,5901 12, 530' 56, 156 133,815 252,920 Heal-estate mortgnge I ------.thous. of dolls._ 1, 975 5,120 27,945 2, 2501 1, 055 215 i 11,898 14,980 7, 6221 49,573 80,9581 212,829 Acquisitions and impf

Europe: i England ______dolls. per£ st.erling__ 4. 68: 4.86 4.86 France ______dolls. per franc__ .039; . 039 .039 ...ll ·.:I ·oj; ·oj; • ,. ------Italy ______dolls. per lira.. ·. ~o"2 ·l ~o!ll . 052 . 052 Belgium ______dolls. per franc __ 39 .139 .140 Netherlands ______dolls. per guilder__ ._403·1.: .402 .403 1 Sweden.. ______dolls. per krone._ 269 . 268 • 268 Switzerland ______dolls. per franc__ .1941 .194 .194 m1 ·~ m1 ~~ ~J~ :~~~ ;;E~~~~ ~Hi~/(~;~ Asia:Japan ______dolls. per yen__ . 4961i .496 . 496 Arn:ri~!~------dolls. per rupee__ .360; .360 . 359 Canada ______dolls. per Canadian dolL. 1. 001 1 1. 001 . 99\lil A•gentina ______dolls. per gold peso__ .181· . 781 . 71i6i 1 BmziL ... ______dolls. per milreis ______: ______ffil :m1 ChiJe ______dolls. per paper peso__ .121: .121 :~~~~ ii ill .;1 ij 1:~ U. S. FOREIGN TRADE I Imports I 1 ! 1 i i I 1~ Grand totaL ______thons. of dolls __ 247,322: 203,7131 208, 7211 390, 998 338,473 310, 5731 355,3.18 326, 5J 339,408 I 3, 777, 920 4, 400,06214, 091,444 By grand divisions: 1 Enrope- i I TotaL ______thous. of dolls __ 77,5301 65, 560' .16,6611! 138,934, 101;, 8161 86, 562 121,234 107,254 110, 832 909, 128 1, 332,688 1, 246, 749 France ______thous. of dolls __ 11,673, 8,227 7, 275 20,128 13, 524 11,081 17,279 15,096 14,037 113.794 171,491 158,748 Germany ______thous. of dolls __ 17,3581 11, 166 11,6!91 26,232 19,917 15,164 22,309 18,669 18,539 176.773 254,673 1, 222, 132 Italy ______thous. of dolls __ 6,4611 6, 353 5, 252 13, 733 12, 135 9, 030 10,072 10,479 10,954 79,317 117,066 101,682 United Kingdom .. thous. of dolls __ 17, 7431' 15,289 11,4681 35,050 ~® ~m ~m ~w •m ~~ -~ ~w North America- ! TotaL ______thous. of dolls __ 62, 158 54,526 53, 2571 81,684 73,254 66,393 84,398 78, 921 75, 148 761,491 982,268 960,702 Canada ______thons. of dolls __ 34, 306i 30,279 26,1371 46,073 42,456 47,404 41,638 40,932 402,095 504,278 489,304 South America- 37,6371 TotaL ______thous. of dolls __ 30,388, 26,657 30,5091 56,186 46,432 49,099 41,535 41,229 50,021 433,627 639,796 .169,408 Argentina ______thous. of dolls __ 2,639i 2,370 2, 519 11,617 11,236 9,507 6,677 5,555 6, 778 70,890 117,587 99,443 Asia and Oceania- I 'l'otaL ______thous. of dolls __ 73, 909i 53,032 64,941 109,074 102,846 101, 296i 92,847 96,792 889, 340 1, 336, 808 1, 222, 377 Japan ______thous. of dolls __ 1 100,8881 30,5771 19,620 27,208 39,240 39,4131 35,261 31,943 32,924 279, 118 432, 875 384, 450 Africa, totaL ______thous. of dolls __ 4,310 3, 938 3,353 9, 206 7, 223 7,302 6, 314 6,615 67, 571 108, 608 90, 205 By economic classes: Crud~ materiaJs ______thous. of dolls __ 77,4871 59,243 69,079 121, 448 115, 631 117,624 108,350 117, 781 1, 002, 157 1, 558, 621 1, 466, 606 I ,;:1 Foodstuffs, crude and food animals ______thous. of dolls __ 32, 849i 27,337 30,0291 47,2101 40,590 41,249 42,007 44,573 400,706 538,559 549,836 Manufactured food- stuffs ______thons. of dolls __ 2:l, 145: 21,045 22,312 35,085, 28,669 24,389 35,370 30,758 292,996 423,6201 405,482 Semimanufactnres _____ thous. of dolls __ 45, 520: 38,262 38,1291 81,6501 65,650 57,457 71, 174 62,501 71,2141::::~, 608, 101 880,647 762,650 Finished manufactures ______thous. of dolls __ 68,321l 57,826 49,172 100,521 82, 116 71,845) 89,184 80,385 76, 3o81 757, 110 998,612 906,885 • Revised. • Quarter ending Sept. 30. ' Quarter ending in month indicated. 48 TREND OF BUSINESS MOVEMENTS-Continued

The cumulatives shown are through 1930 ~~~ 1929 I 1928 CUMULATIVE TOTAL FROM JAN December, except where otherwise 1 1 THROUGH DEC. 31 noted. Earlier data for items 1---,----..,---- 1 __ shown here may be found on pages I N I D 1 N I D I --.,----· 27 to 139 of the August, 1930, October ovem- ecem- I October ovem- Decem- I October Novem· ecem- 1930 1929 1928 "Survey" ber 1 ber I ber ber ber ber ---'==<------1------1------1------

u. 8. FOREIGN TRADE-Continued i 1 ~~·i.·. I I

1 Exports 1 I I Grand total, including I I I I reexports ______thous.ofdolls __ 327,120 289,021 275,1931'1 528,578 442,311 426,596 550,014 544,912 475,845 3,844,392 5,241,735 5,128,35, By grand divisions: Europe- 1 TotaL ______thous. of dolls__ 174,652 155,227 141,621 263,351 222,733 211,846 268,856 274,485 238,953: 1, 838,274 2, 340,731 2, 374,913 France ______thous. of dolls__ 23,683 1 22,094 19,172 33,531 26,797 25,8381 28,928 31,110' 26,385 223,762 265,657 240,693 Germany______thous. of dolls__ 31,507 23,686 20,326 57,552 41,458 41,0381 57,989 65,563 44,681 278,525 410,249 467,240 Italy ______thous. of dolls__ 8,924 7,582 8,625 16,348 14,096 1 14,506 16,936 16,163 16,030 100,431 153,975 162,125 United Kingdom __ thous. of dolls__ 71,918 61,094 53, 871 95,129 84,7821 77, 917 97, 963 105,461 94,971 677, 779 847, 875 847,326 North America- TotaL ______thous. of dolls__ 76, 175 64, 471 61, 921 127, 224 103, 601 93, 959 1 126, 793 118, 276 103, 709 1, 020, 044 1, 395, 179 1, 321, 368 Canada ______thons. of dolls__ 49, 165 41,689 36,326 83,946 68,0021 57,003 89,492 77,229 69,101 659,697 948,503 914,914 South America- Total ______thous. of dolls__ 25,817 23,516 23,737 44,049 36,4371 38,618 49,251 49,826 42,695 337,443 539,377 480,813 Argentina ______thous. of dolls__ 10, 361 8, 728 1 8, 801 17, 153 13, 515 15, 618 19,848 18,396 14, 938 129, 723 210,224 178,900 AsiaTotaL and Oceania- ______thous. of dolls__ 44,204 39,219 I 42,279 81,979 I 70,218 72,540 92,484 90,225 79,622 551,095 835,686 834,549 Japan ______thous.ofdolls__ 11,249 12,425 12,593 31,362 28,097 27,442 39,137 37,198 27,855 164,6131 259,128 288,158 Africa, totaL ______thous. of dolls__ 6, 272 6, 5881 5, 635 11, 975 9, 322 9, 633 12, 630 12, 100 11, 466 92, 546 130, 759 116, 713 By economic classes: Total domestic exports only ______, ______thous.ofdolls __ 322,941 285,441 270,810 522,380 435,527 420,622 543,171 538,375 466,232 3,782,116 .5,157,407 5,030,099 Crude materials ______thous. of dolls__ 104,829 90, 930! 76, 735 174, 271 144,772 125,994 176,354 193,999 !52, 076 829, 105 1, 142,399 1, 293, 256 Foodstuffs, crude and food animals ______thous. of dolls__ 15,228 15,5921 13,462 24, 110 22,557 17,363 52,383 31,577 27, 6821' 178,722 269,590 294,676 Manufactured food- I stnffs ______thous. of dolls__ 32, 143 29,992 27,033 47,737 43,698 41,356 51,643 45,840 45,2071 362,649 484,267 465,812 Semimanufactures _____ thous. of dolls__ 38,012 33, 125 33,910 64,5581 51,909 54,494 59,967 60,859 58,195 512,864 729, 139 716,350 Finished manufactures 1 Agricultural-exports-(quai:it~~i~~); of dolls__ 132,729 115, s02 119,670 211,703 172,592 181,415 202,824 206, 10~ 183, ~:oll'_1_,_8_9_8_,_7_7_7_ 2, 532,015 2, 260,00 All commodities _____ rel. to 191Q-1914__ 139 126 109 166 150 130 201 1 9 All commodities except I cotton ______rel. to 1910-1914__ 130 116 105 147 1 147 129 232 172 166 ------1 CANADIAN FOREIGN TRADE •1 Total trade: Imports ______thous. of dolls __ 78,358 76,325 60, 33811 116, 261 108, 733 84, 365 112,341 102,967 94,6211 1, 008,692 1, 298,940 1, 222, 196 Exports ______thous. of dolls __ ~- ~m -~ mm mm ~m ~~ ~m ~~ ~m~•m~~m