Source: Board of Governors of Federal Reserve System. Adjusted for seasonal variation. The data on durable and nondurable are the points which each type of output represents in the total index each month.

Source: The index was spliced under the direction of the Central Statistical Board from the indixes prepared by F. C. Mills for 1901-21 and published in his Economic Tendencies in the United States. and by the Bureau of Agricultural Economics for 1922 to date, and published annually in Agricultural Statistics. Products of the farm fed to livestock, used for seed, or in other forms of production are not included. Bureau of Census estimates of population of continental United States were used to secure the per capita figures.

Total

$1,422,000,000
1,714, 000, 000
1,678, 000, 000
2,076, 000, 000
1,921, 000, 000
2,264, 000, 000
2,546, 000, 000
2,470, 000, 000
2,786, 000, 000
2, 932,000,000
2.928,000,000
3,023,000,000
2,615, 000, 000
1,955, 000, 000
1, 902, 000, 000
2,726,000,000

2,684, 000, 000

$2,762,000,000
3, 129, 000, 000
2, 186, 000, 000
2,783,000,000
3,300,000,000
3, 513, 000, 000
4,062, 000, 000
4,366, 000, 000
4,477, 000, 000
4, 355. 000, 000
4, 581, 000, 000
3,800,000,000
2,232, 000, 000
1,097, 000, 000

936, 000, 000 1. 180, 000, 000 1,461, 000, 000 13, 556, 000, 00012, 523, 000, 000 13,072, 000, 000 13, 805, 000, 000

$1,732, 000, 000
1,439, 000, 000
2,241, 000, 000
3, 524, 000, 000
4, 422, 000, 000
4,713, 000, 000
5, 202, 000, 000
4,757,000,000
4,524, 000, 000
4, 255, 000, 000
3,010, 000, 000
1,805, 000, 000
1,262, 000, 000

444, 000, 000
392, 000, 000
458,000,000
923,000,000

11, 807, 000, 000
11, 885, 000, 000

$5,916, 000, 000 6, 336,000,000 6, 105, 000, 000 8, 383, 000, 000 9, 643, 000, 000 10, 490, 000, 000 11, 810, 000, 000 11, 593, 000, 000 11, 787, 000, 000 11, 572, 000, 000 10, 519, 000, 000 8, 628, 000, 000 6, 109, 000, 000 3, 496, 000, 000 3, 230, 000, 000 4,364,000,000 5,068, 000, 000 17,886,000,000 18,762, 000, 000

1 Estimated.

Source: Kuznets National Income and Capital Formation 1919-35, published by National Bureau of Economic Research, table 10. Data for 1936 and 1937 estimated from contracts awarded figures published by F. W. Dodge Corporation, except for residential, which is derived from the percentage change in the number of residential units provided in nonfarm areas.

1920 1921.

1922.

1923.

1924.

1925

1926.

1927.

1928.

1929.

1930.

1931.

1932.

1933..

1934

1935.

1936.

1937 1

EXHIBIT No. 22

[Chart based on following statistical data appears in text on p. 33] Residential units provided for in new nonfarm construction

1 Estimated.

1 233, 000

1 14,000

1920. 1921.

1922

1923.

1924.

1925.

1926.

1927.

1928.

1929.

1930.

1931.

1932

1933.

1934.

1935.

1936.

Residential units provided for in new nonfarm construction—Continued

1 Estimated.

Source: Wickens & Foster, Non-farm Residential Construction, 1920-36, Bulletin 65 of the National Bureau of Economic Research, Sept. 13, 1936, table 3.

EXHIBIT No. 23

[Chart based on following statistical data appears in text on p. 34] Production and capacity of Portland cement mills (barrels)

Source: Production data from reports of the Bureau of Mines, Department of the Interior: capacity figures are based on data furnished by the Bureau of Mins with allowance for a seasonal discount of 17 percent. Figures compiled by the Division of Economic Research of the Bureau of Foreign and Domestic Commerce.

1933.

1934.

1935.

1936.

1937.