Month Per Cent Expanding: Seasonally Adjusted By Nber 1923-02-01 71.4000 1923-03-01 83.3000 1923-04-01 73.8000 1923-05-01 50.0000 1923-06-01 59.5000 1923-07-01 40.5000 1923-08-01 38.1000 1923-09-01 33.3000 1923-10-01 35.7000 1923-11-01 40.5000 1923-12-01 28.6000 1924-01-01 57.1000 1924-02-01 54.8000 1924-03-01 26.2000 1924-04-01 40.5000 1924-05-01 19.0000 1924-06-01 7.10000 1924-07-01 14.3000 1924-08-01 50.0000 1924-09-01 69.0000 1924-10-01 76.2000 1924-11-01 71.4000 1924-12-01 78.6000 1925-01-01 90.5000 1925-02-01 61.9000 1925-03-01 66.7000 1925-04-01 52.4000 1925-05-01 45.2000 1925-06-01 47.6000 1925-07-01 73.8000 1925-08-01 61.9000 1925-09-01 54.8000 1925-10-01 69.0000 1925-11-01 71.4000 1925-12-01 69.0000 1926-01-01 71.4000 1926-02-01 45.2000 1926-03-01 28.6000 1926-04-01 38.1000 1926-05-01 59.5000 1926-06-01 52.4000 1926-07-01 42.9000 1926-08-01 73.8000 1926-09-01 81.0000 1926-10-01 52.4000 1926-11-01 35.7000 1926-12-01 28.6000 1927-01-01 38.1000 1927-02-01 50.0000 1927-03-01 52.4000 1927-04-01 42.9000 1927-05-01 47.6000 1927-06-01 42.9000 1927-07-01 23.8000 1927-08-01 42.9000 1927-09-01 23.8000 1927-10-01 23.8000 1927-11-01 31.0000 1927-12-01 21.4000 1928-01-01 54.8000 1928-02-01 61.9000 1928-03-01 54.8000 1928-04-01 38.1000 1928-05-01 57.1000 1928-06-01 71.4000 1928-07-01 66.7000 1928-08-01 78.6000 1928-09-01 64.3000 1928-10-01 73.8000 1928-11-01 71.4000 1928-12-01 71.4000 1929-01-01 69.0000 1929-02-01 79.5000 1929-03-01 59.1000 1929-04-01 81.8000 1929-05-01 70.5000 1929-06-01 63.6000 1929-07-01 75.0000 1929-08-01 72.7000 1929-09-01 40.9000 1929-10-01 45.5000 1929-11-01 29.5000 1929-12-01 15.9000 1930-01-01 27.3000 1930-02-01 11.4000 1930-03-01 15.9000 1930-04-01 29.5000 1930-05-01 13.6000 1930-06-01 2.30000 1930-07-01 11.4000 1930-08-01 6.80000 1930-09-01 15.9000 1930-10-01 9.10000 1930-11-01 11.4000 1930-12-01 18.2000 1931-01-01 15.9000 1931-02-01 15.9000 1931-03-01 34.1000 1931-04-01 45.5000 1931-05-01 43.2000 1931-06-01 9.10000 1931-07-01 18.2000 1931-08-01 15.9000 1931-09-01 13.6000 1931-10-01 9.10000 1931-11-01 13.6000 1931-12-01 34.1000 1932-01-01 27.3000 1932-02-01 34.1000 1932-03-01 11.4000 1932-04-01 9.10000 1932-05-01 11.4000 1932-06-01 20.5000 1932-07-01 13.6000 1932-08-01 31.8000 1932-09-01 72.7000 1932-10-01 77.3000 1932-11-01 68.2000 1932-12-01 36.4000 1933-01-01 27.3000 1933-02-01 50.0000 1933-03-01 4.50000 1933-04-01 68.2000 1933-05-01 90.9000 1933-06-01 95.5000 1933-07-01 88.6000 1933-08-01 95.5000 1933-09-01 75.0000 1933-10-01 63.6000 1933-11-01 38.6000 1933-12-01 40.9000 1934-01-01 47.7000 1934-02-01 90.9000 1934-03-01 95.5000 1934-04-01 84.1000 1934-05-01 72.7000 1934-06-01 52.3000 1934-07-01 27.3000 1934-08-01 47.7000 1934-09-01 27.3000 1934-10-01 43.2000 1934-11-01 56.8000 1934-12-01 77.3000 1935-01-01 81.8000 1935-02-01 81.8000 1935-03-01 65.9000 1935-04-01 47.7000 1935-05-01 22.7000 1935-06-01 36.4000 1935-07-01 59.1000 1935-08-01 84.1000 1935-09-01 77.3000 1935-10-01 79.5000 1935-11-01 81.8000 1935-12-01 72.7000 1936-01-01 45.5000 1936-02-01 25.0000 1936-03-01 63.6000 1936-04-01 84.1000 1936-05-01 81.8000 1936-06-01 84.1000 1936-07-01 93.2000 1936-08-01 77.3000 1936-09-01 81.8000 1936-10-01 77.3000 1936-11-01 79.5000 1936-12-01 77.3000 1937-01-01 81.8000 1937-02-01 70.5000 1937-03-01 90.9000 1937-04-01 68.2000 1937-05-01 68.2000 1937-06-01 52.3000 1937-07-01 40.9000 1937-08-01 43.2000 1937-09-01 27.3000 1937-10-01 13.6000 1937-11-01 11.4000 1937-12-01 2.30000 1938-01-01 11.4000 1938-02-01 20.5000 1938-03-01 15.9000 1938-04-01 6.80000 1938-05-01 6.80000 1938-06-01 29.5000 1938-07-01 43.2000 1938-08-01 86.4000 1938-09-01 75.0000 1938-10-01 45.5000 1938-11-01 93.2000 1938-12-01 86.4000 1939-01-01 50.0000 1939-02-01 43.2000 1939-03-01 50.0000 1939-04-01 43.2000 1939-05-01 47.7000 1939-06-01 65.9000 1939-07-01 70.5000 1939-08-01 65.9000