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Adapted from article by Roger W. Babson in the New York Times
Fig. 110. Monthly Value of New Building Construction and Monthly Value of Buildings Destroyed by Fire in the United States, 1901 to 1911, Inclusive
The greatest volume of new building construction occurs in the spring months. Note in 1908 the effect of the 1907 panic. The peak in 1904 represents the
Baltimore fire and that in 1906 the San Francisco fire. It would have been better to show the upper portion of the San Francisco peak by bending horizontally
that portion which could not be shown vertically to the scale of this chart. See also Fig. 111
