Full text: Migration and business cycles

TABLE VI—CvycLEs IN Pic IRON ProbuctioN, BY MoNTHsS, 1890-1914a 
Percentage of trend, corrected for seasonal variation 
Year| Jan. | Fes. | Mar. | Arr. | May | June ' Jury | Ave. | Seer. | Ocr. | Nov.| DEc. 
1890 (117.5 [120.50 121.5] 120.9 (122.4 121.3 119.3 | 118.7 120.1 118.1 [116.0 112.0 
1891 [101.0 92.0 79.2 73.3 85.7 105.4 115.20 5116.7 118.1" 120.0 |119.0 118.4 
1892 1214 126.200122. 701117. .4 (11279 9112 0 100.1 104.7 103.8 106.7 (109.1 [109.0 
18931110:01"113.2¢ 113.21 114.6} 116.0 106.1 86.0" 63.7" | "50.9 48.1 | 54.8 | 60.8 
1894 « 63.3 | 68.5 75.5 73.60 55.4 47.1 65.6 89.3 | 99.6 100.0 [102.2 [103.1 
1895 99.1 97.8 93.0 92.3 93.6 98.35 ,0105.50.4112°9 [119.9 "122.3 [12171175 
1896 112.6 | 108.0 | 102.8 | 101.6 | 100.0 98.1 91.1 77-5 64.4 60.5 | 67.51 74.8 
1897 | 82.0 84.7 85.9 84.9 84.0 83.1 82.3 88.9 | 96.9 100.7 (104.4 [103.7 
1898 105.0 105.6 | 105.9 | 103.2 | 101.0 98.1 94.3 94.0 96.0 96.6 | 98.2 | 97.9 
1899 1 99.4 95.2 96.8 98.5 11100.3" 103.4" 107.1'°108.2 110.4 1125 112.2 110.4 
1900 [111.1 109.4 107.5 104.5 . 106.6 105.7 96.9 87.1 82.1 78.5 8771802278 
1901 92.3 98.3 100.0 93.1 | 102.4 105.0 105.9 103.3 102.3 105.6 [104.1 | 93.8 
1902 '104.3 99.3 i 102.71 105.3 | 103.0 105.5 ' 104.8 105.9 103.9 104.9 (101.5 [105.9 
1903199 8 102.111104.4 5106.8" 111.1 113.9 1105.1 1105.7 105.2 93.8 | 68.8 | 54.5 
1904 58.5 80.1 88.1 96.3 92.9 82.8 71.0 73.5 85.5, 189.7 1192.51:98.0 
1905'106.8 103.5 ! 110.8 | 112.6 113.2 108.7 105.6" 109.3" 112.8 117.0 [118.5 [116.8 
190601 17.6 9116.5 4117.0 1116.0 W114.0001114 3 0115 588108 .5 110.6 116. 1 122.4 (120.0 
19079119.21°5118.3 130.4 [N117.999121 90124 1194 1 120.6 0116.2 9.116.896. 2 (F637 
1908 54.3 57.0 60.0 58.5 59.4 58.1 64.2 | 68.1 72.000 74 J l77 9M s 500 
1909 | 89.4 + 90.5 | 86.3 84.7 | 92.1 98.5 106.1 1110.4 "115.5 [ 109.0:(123.3 1125.3 
1910 1125.6 122.6 118.80 116.60 0111.8 110.20 103.3 98.9 95.5 91.989.3"21.6 
1911 | 82.4 88.4 95.1 93.3 84.6 83.3 82.5 | 86.7 88.1 89.0 | 90.4 | 91.1 
1912 [*93.1 96.1 101. 7 8103. SIE107.. 5 | 109.4 106.9 ! 109.0 105.9 | 109.9 [114.5 (120.4 
19137122. 3118.6 0112 858lF115. 700115 .6 1113. 339109.3 | 106.6 104.1 | 100.8 | 94.1 | 83.0 
1914 | 79.9 33.7 92.6 92.4. 82.7 79.7 80.5 81.0 75.9 68.7161.95(1 61.5 
aComputed from data published in the Iron Age and representing prior to October, 1901, estimates 
made from statistics of furnaces in blast, and subsequent thereto, direct data on production. For method 
of making adjustments for seasonal variation and trend, see Chapter III. 
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