These three charts give the complete picture of corporation income-tax returns in the metal-minirig industry. They indicate that all mines are not "bonanzas." In fact, many mining corporations re(>ort no net income each year.

COMPOSITE CHARTS

SCALE

INDLX SCALE

/•Labor Cost IjieO ' '.Per *100 Value. (^ Gross- >/vlncomc ■

no 0(>

9^t

Guttav R. Stahl, J. T. Trenholm & Co.. N. Y. C

f75ah7

957 r9?3

A. EfFect of Walk-Oufs in the United States on Business From 1936 to June 1938.

^^

"«!*

:%

■^ate^

,A

«r

/

n M0«3

^ti^

^ate^

Federal Reserve Bank of New York, "Monthly Review." August 1. 1936.

SPOT , COTTON . . . .

*e»-tOA i«is IBM

SCALE .7

B. Movennents of Prices of Leading Agricultural Commodities With Range of Prices for 1929-34 and Weekly Quotations Subsequently.

A change in the type of data resulted in this chart with range bars from 1929 to 1934 and a curve from 1934 to June 1936.

Ill

■■|1-

GRAPHIC PRESENTATION

CENTS

BUSHEL

WINNIPEG

BUSHELS

(MILLIONS)

"1 r

MinneapoUs ,'v

No. 1 . D. Northern p ^

Spring

-- Winnipeg No. 3. Manitoba

i.l.i.l-i.l.i.l.i.l.i.l.i.l.l.l.l.l.i-l-'-l-i-l ■l.l.l.l.l.l.l

- Tariff level -^^^

^ PRICE MARGINS AND TARIFF LEVEL ' ^

^- Minneapolis over ~ Winnipeg

. I ■ I ■ I ■ I ■ I ■ I .1 . 1 ■ I ■ I ■ I . I ■ I .1 ■ I . I . I .1 . 1 .1 ■ I ■ I ■ I . I ■ I ■ I . I ■ I . I . I ■ I