The Consumption Factor has been proposed as a new measure of the significance/quality of scientific journals. The scientometric properties of this measure and its relationship to other commonly used measures of journal significance were examined. The results indicate a high correlation between the two component measures used to construct the Consumption Factor and a weak relationship between the Consumption Factor and other measures traditionally used to assess journal significance. The implications of these results are discussed in the context of the need for multiple measures of the significance of scientific journals.