Remarks. An exceptional gain is exhibited by this industry for 1905. Nearly 50 per cent. more capital was invested in land, about 25 per cent. more in buildings, and 12 per cent. more in machinery, than in the previous year. There was also an increase of 6 per cent. in the average number of employees, of 11 per cent. in the total wages and salaries paid, of 8 per cent. in the averace yearly earnings of employees, of 10 per cent. in the value of the material used, and of 9 per cent. in the output. The average daily wages were over 26 per cent. higher in 1905, but were still very low. Only 36 per cent. of the value of the industry product was paid in wages each year. There were 66 female employees in 1904, and but 6 the following year-a remarkable decrease. There is possibly an error in the number reported by one or more establishments. This decrease is chiefly responsible for the apparent increase of 26 per cent. in the average daily wages paid, as the daily wages of men alone show a gain of only 3 per cent. Employment was somewhat irregular each year. TABLE III A VALUE OF MATERIALS AND LABOR EMPLOYED, AND OF $588,885 44 $621,770 39 Value of stock used and material consumed in production Industry product (gross production less value of stock and material) Wages and salaries (Labor's direct share of product) Profit and minor expense fund (industry product less wages) Percentage of industry product paid in wages.. Percentage of industry product devoted to profit and minor expenses |