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MONTHLY REVIEW
of Credit and Business Conditions

Second Federal Reserve District
Federal Reserve Agent

Federal Reserve Bank, New York

INDEX FOR THE YEAR 1935
Acceptances

Agriculture
V alue o f cr o p s ........................................................... ............................ ..............

Table. A u g u s t 1 indicated p rod u ction o f p rincip al crop s, 1935
h a rvest com pared w ith 1934 h a rv est and 1928-1932 a vera g e
h a rv est ..............................................................................................................

61

Chart. A v e ra g e d a ily value o f residential b uild in g co n tra cts,
season a lly a d ju sted , 1 9 2 9 -1 9 3 5 ................................................................

86

Business Activity
6

Chart. Indexes o f w holesale p rices o f fa rm p rod u cts, fo o d s, and
other com m od ities, 1 929-1935. P ages 13, 54.............................................
Chart. E stim ated tota l cash in com e o f fa rm ers fro m a gricu ltu ra l
m ark etin gs and paym ents b y A gricu ltu ra l A d ju stm en t A d ­
m in istra tion , 1 92 9 -1 9 3 5 ..............................................................................

Chart. V a lu e o f resid en tia l b u ild in g co n tra cts aw arded in 37
States and in N ew Y o r k and N orth ern N ew J e rse y te rrito rie s,
1931-1935

5

Chart. D epartm ent o f A g ricu ltu re estim ates o f p rod u ction and
value o f principal field and tru ck crops in 1934 (in percen ta g es
o f 1 9 3 3 ).............................................................................................................

Farm p rod u ction and in com e..........................................................................

P age

Page

B ill m arket. M on th ly, p ages 2, 10.......................................................................
Bills and com m ercial paper. P a ges 18, 26, 34, 43, 50, 59, 6 6 , 75,
83, 90............................................................................................................. ..............

69

69

69

Indexes o f busin ess a ctiv ity . M on th ly , p a ges 6 , 15, 22, 30, 37,
46, 55, 63, 70, 78, 87, 94........................................................................................
T abulated indexes o f b u sin ess a ctiv ity in variou s lines. M on th ly,
pages 7, 15, 22, 30, 38, 47, 56, 63, 70, 78, 8 8 , 94........................................
Chart. D aily a ve ra g e re g istra tio n s o f new p a sse n ge r a u to m o ­
b iles, 1 9 2 8 -1 9 3 5 ............................................................................................

47

Chart. D ollar va lu e o f dep artm en t sto re sales in th e U nited
S tates, season a lly a d ju sted , 1 9 2 9 -1 9 3 5 ...............................................

55

C hart. A v e ra g e daily p rod u ction o f p a sse n g e r a utom obiles and
re g istra tio n s o f n ew ca rs, 1 9 2 9 -1 9 3 5 ...................................................

70

Chart. Car loa din gs o f m erch an dise and m iscellaneous fre ig h t,
1 93 1-1935 ............................................................................................... .........

87

Automobiles
Chart. A v era g e daily p rod u ction o f p a ssen ger a utom obiles and
reg istra tion s o f new ca rs, 1 929-1935. P a ges 2 1 , 70......................

Central Banks

Chart. D aily a vera g e reg istra tion s o f new p a ssen ger a u to ­
m obiles, 1 92 8 -1 9 3 5 ........................................................................................

47

Chart. P rod u ction o f p a ssen ger a u tom obiles and m o to r tru ck s
durin g th e first eigh t m onths o f 1 92 9 -1 93 5 ......................................

77

Balance of Payments
Balance o f p aym en ts o f th e U nited S tates, sum m arized .....................

36

C entral bank rate ch an ges. M on th ly , pages 4, 13, 20, 29, 36, 44,
52, 61, 6 8 , 77, 85, 92................................................................................................

Chain Stores
Chain store tra d e ......................................... ............ ........................................

24

P e rce n ta g e ch an ge fr o m p rev iou s yea r in n u m ber o f stores, tota l
sales, and sales p e r store, tabulated b y ty p e o f s to r e .....................

24

Circulation

Bill Market— See Acceptances

T abulated am ounts o f va riou s kinds o f cu rre n cy o u tsta n d in g a t
th e end o f F eb ru a ry 1935 com p ared w ith a ye a r p re v io u s ...........

25

Bonds----See Securities
Commercial Paper

Building

C om m ercial p ap er m arket.

B uildin g. M on th ly , p ages 4, 14, 23, 31, 39, 46, 54, 61, 69, 78,
8 6 , 95....................... ....................................................................................................
Chart. D aily a vera g e value o f bu ild in g and en g in eerin g c o n ­
tra cts awarded, classified as to p u b licly o r p riva tely financed
con stru ction , 1934 com pared w ith 1 933..................................... .......

4

Chart. B uildin g and en gin eerin g con tra cts aw arded in N ew Y o rk
State and N orth ern N ew J ersey and in 37 States, 1 9 3 2 -1 9 3 4 ......

14

Chart. V alu e o f b uild in g and en g in eerin g con tracts in M e tro ­
politan N ew Y o rk and v icin ity and u p -S ta te N ew Y ork , first
three m onths o f 1935 com pared w ith corresp on d in g period o f
p rev iou s tw o y ea rs ........... .............................................................................

39

Copper
Chart. P rice m ovem en ts o f w h eat, co tto n , cop p er, and scrap
steel, 1 92 9 -1 9 3 5 ....................... .....................................................................

79

Cotton

Chart. D aily a vera g e value o f residential bu ild in g con tracts
aw arded in 37 S tates, 1 9 2 9 -1 9 3 5 ..............................................................

46

Chart. D aily a vera g e value o f con tra cts f o r p u b licly and p ri­
va tely financed bu ild in g aw arded in 37 S tates, 1 9 3 2 -1 9 3 5 .........

55




P a ges 2, 10........................................ ............

B ills and com m ercia l paper. P a ges 18, 26, 34, 43, 50, 59, 6 6 , 75,
83, 90.................................................... ..............................................................

A c t iv ity o f c o tto n and w o o l m ills, 1 9 2 9 -1 9 3 5 .....................

88

Chart. P rice m ovem en ts o f w heat, co tto n , cop p er, and scrap
steel, 1 92 9 -1 93 5 .............................................................................................

Chart.

79

Crops— See Agriculture

INDEX FOR THE YEAR 1935 (Continued)
Currency

Page

T abulated am ounts o f variou s kinds o f cu rren cy ou tsta n d in g at
th e end o f F eb ru a ry 1935, com pared w ith a year p re v io u s ...........

25

Department Stores
D epartm ent store trade. M on th ly , pages 8 , 16, 23, 32, 40, 48, 56,
64, 72, 80, 8 8 , 96.......... ...........................................................................................
P ercen ta g e ch an ge fro m p rev iou s yea r in m on th ly n et sales and
stock s on hand, and collection s o f a ccou n ts ou tsta n d in g ta b u ­
lated b y loca lity . M on th ly , p ages 8 , 16, 24, 32, 40, 48, 56, 64,
72, 80, 8 8 , 96..............................................................................................................

Page
Farm p rod u ction and in co m e ..........................................................................

69

Table. A u g u st 1 indicated p rod u ction o f principal crop s, 1935
h a rv est com pared w ith 1934 h a rv e st and 1928-1932 a vera ge
h a rv e st ..............................................................................................................

69

Chart. E stim a ted tota l cash in com e o f fa rm ers fro m a g ric u l­
tural m arketin gs and p aym en ts b y A gricu ltu ra l A d ju stm e n t
A d m in istration , 1 929-1935 .......................................................................

69

Foreign Exchange
F oreig n E xch an ge. M on th ly, pages 3, 1 2 , 19, 29, 35, 44, 52, 60,
68 , 76, 84, 92....................................................................................................

Chart. Seasonally a d ju sted index o f dollar value o f d epartm en t
store sales in th e Second F ederal R eserv e D istrict, 192 9 -1 93 4 ....

S

Chart. D ollar value o f departm en t store sales in the U nited
S tates, season a lly a d ju sted , 1 92 9 -1 9 3 5 ...............................................

C losing cable rates at N ew Y o rk . M on th ly , pages 4, 12, 20, 29,
36, 44, 52, 60, 6 8 , 76, 85, 92........... ..........................................................

55

Chart. F lu ctu a tion s o f dollar exch a n g e m easured in term s o f the
F ren ch fra n c and gold m ovem en ts at N ew Y o r k ..............................

12

Chart. C ourse o f F ren ch fra n c and sterlin g exch a n g e rates at
N ew Y o rk , J a n u a ry -F e b ru a ry 1935....................................................

19

Chart. M ov em en ts o f sterlin g and F ren ch fra n c exch a n g e at
N ew Y o rk , J a n u a ry -M a y 1935.................. ................................................

44

Chart. M ovem en ts o f fo re ig n e xch a n g e rates a t N ew Y o rk ,
J an u a ry -S ep tem b er .................................... .................................................

76

Deposits
Chart. T otal net dem and d ep osits o f rep ortin g m em ber banks in
N ew Y ork C ity, and n et a m ou n t due to other ban ks, 1 92 9-1935

17

Chart. R ate o f tu rn over o f dem and deposits in principal cities,
1921-1935 .........................................................................................................

41

Chart. Dem and d ep osits o f all m em ber ban ks, a d ju sted , 1 930-1935

41

Foreign Trade
F oreig n trade. M on th ly, p ages 7, 15, 23, 32, 36, 48, 55, 63, 71,
79, 87, 96.......................................................... ...........................................................

Diesel Engines
Chart.

In d ex o f D iesel engine p rod u ction , 1 9 2 9 -1 9 3 4 .......................

63

Dollar
Chart. F lu ctu a tion s o f dollar exch a n g e m easured in term s o f
th e F ren ch fra n c and g old m ovem en ts a t N ew Y o r k .......................

12

Electric Power
Chart. In d ex o f e lectric p ow er p rod u ction , a d ju sted fo r seasonal
va ria tion and lo n g term trend , 1 93 1 -1 9 3 4 ................ ..........................

5

Chart. F o reig n m erch an dise tra d e o f the U nited S tates, 1934
com pared w ith 1933.................................... .................................................

15

Tabulated p ercen ta g e ch an ge, calendar yea r 1934 com pared w ith
1933, in exp orts fro m and im p orts into the U nited S tates, by
cou ntries .......................................................... .................................................

23

T abulated values f o r first fo u r m onths o f 1935 com pared w ith c o r ­
resp on d in g p eriod o f 1934, in exports fro m and im p orts into the
U nited States (b y c o u n t r ie s ) ................... .................................................

55

T abulated p ercen ta g e ch an ge in quantities betw een first five
m onths o f 1935 and co rre sp o n d in g p eriod o f 1934, o f exp orts
fro m and im p orts into the U nited States (b y c o u n t r ie s )...........

64

T abulated p ercen ta g e ch an ge in value o f fo re ig n tra d e o f p rincip al
co u n trie s; first six m onths o f 1935 com pared w ith 1 934..............

80

Electric Refrigerators
Chart.

In d ex o f e lectric re frig e ra to r sales, 1 9 2 9 -1 9 3 4 ..................

53

Chart. Car loadin gs o f m erch an dise and m iscella n eou s fre ig h t,
1931-1935 .........................................................................................................

Employment
E m p loy m en t .........................................................................................................

23

Chart. In d ex o f dem and fo r w h ite collar em p loyees in N ew Y o rk
M etrop olita n area, and tota l d irect relief expen ditures in N ew
Y ork C ity, 1 9 2 9 -1 9 3 5 ...................................................................................

30

Chart. E m p loy m en t in industries m a n u fa ctu rin g durable good s
and non durable good s, 1935 com pared w ith 1933 and 1934.........

78

Chart. E m p loy m en t in p riva te bu ild in g con stru ction and in the
m an u fa ctu re o f im p orta n t b uild in g m aterials, 1 9 3 2 -1 9 3 5 .............

85

Gold m ovem en t. M on th ly, pages 4, 12, 20, 29, 36, 45, 52, 61, 68,
76, 85, 93.....................................................................................................................
Chart.

M on eta ry gold s to ck o f the U nited States, 1 9 3 4 -1 9 3 5 ......

49

Chart. W e e k ly ch an ges in the U nited States m on etary gold
sto ck betw een F eb ru a ry 1934 and O ctob er 1935............................

73

Chart. G row th o f m em ber bank re se rv e balances com pared w ith
increase in the m on etary gold stock , 1 9 3 4 -1 9 3 5 ..............................

81

Government Securities— See Securities

M on ey rates at N ew Y o rk , tabulated. M on th ly , pages 2, 10, 18,
26, 34, 42, 50, 58, 6 6 , 74, 82, 90..............................................................
Central bank rate ch an ges. M on th ly, pages 4, 13, 20, 29, 36, 44,
52, 61, 6 8 , 77, 85, 92...............................................................................................

Farm Production and Income
V alue o f cr o p s ......................................................................................................

S

Chart. D epartm ent o f A g ricu ltu re estim ates o f p rod u ction and
value o f p rincip al field and tru ck crop s in 1934 (in p ercen ta ges
o f 1 9 3 3 )..............................................................................................................

€




Gold

Interest Rates

Exports— See Foreign Trade

Chart. Indexes o f w h olesale p rices o f fa rm p rod u cts, fo o d s , and
oth er com m od ities, 1929 -1 93 5 . P ages 13, 54.................................. .

87

6

E m p loy m en t and p a yrolls. P a ges 13, 22, 29, 38, 47, 53, 63, 71,
77, 85, 94.....................................................................................................................
Chart. Indexes o f N ew Y ork State fa c t o r y em p loy m en t and
a vera g e ea rnings, seasonally a d ju sted , 1 9 2 9 -1 9 3 5 ..........................

Freight

Chart.

M on ey rates in the N ew Y o rk m arket, 1 93 0 -1 9 3 5 ..............

33

Liberty Loan
L ib e rty loan re fu n d in g ; p resen t fo rm o f th e N ational d eb t...........

83

T abulated re fu n d in g op eration s, O cto b e r 1933 to O cto b e r 1935......

83

INDEX FOR THE YEAR 1935 (Continued)
Loans and Investments-—See Member Banks

Page

T abulated indexes o f p ro d u ctio n o f p rincipal ind ustries. M on th ly,
p ages 5, 14, 21, 31, 38, 46, 53, 62, 71, 77, 87, 9 4 ........................................62

Member Banks
Chart. E xcess reserv es held b y N ew Y o r k C ity and other m em ­
ber banks, 1 93 3 -1 9 3 4 ...................................................................................

Page

P rod u ction .
M on th ly, pages 5, 13, 20, 30, 38, 45, 52, 61, 71,
77, 8 6 , 93....................................................................................................................

Machine Tools
Chart. Index o f m achine tool ord ers, a d ju sted f o r seasonal
va ria tion and lon g term g row th , 1 9 2 7 -1 9 3 5 ......................................

Production

1

M em ber bank credit. P ages 2, 1 0 , 18, 26, 34, 42, 50, 58, 73,
82, 90............................................................................................................................

Chart. In d ex o f e le ctric p ow er p rod u ction , a d ju sted fo r seasonal
va ria tion and lon g term trend , 1 93 1 -1 9 3 4 ..........................................

5

Chart. F ederal R e se rv e B oard ind ex o f industrial prod u ction ,
season ally a d ju sted , 1 9 2 9 -1 9 3 5 ............................................................ .

20

Chart. A v e ra g e daily p ro d u ctio n o f p a ssen ger autom obiles and
reg istra tion s o f new ca rs, 1929 -1 93 5 . P ages 21, 70..............................
Chart. R atio o f steel in g o t p ro d u ctio n t o theoretical ca p a city ,
1929-1935 .........................................................................................................

31
38

Chart. R eserv e balances o f all m em b er banks at Federal R eserv e
B anks, 1 9 2 9 -1 93 4 ..........................................................................................

9

Chart. T otal net dem and deposits o f rep ortin g m em ber banks in
N ew Y ork C ity and net a m ou nt due to oth er banks, 1929-1934

Chart. A c t iv ity o f c o tto n and w ool m ills, 1 9 2 9 -1 9 3 5 ; indexes
a d ju sted f o r seasonal va riation and lo n g term g ro w th ..................

17

Chart.
1935

Dem and d ep osits o f all m em ber ban ks, a d ju sted , 1930................ ...................

41

C harts. Indexes o f ele ctric r e frig e ra to r sales, ra yon shipm ents,
D iesel en gine p rod u ction , and co s t o f radio b roa d ca stin g
fa cilitie s, 192 9 -1 93 4 ......................................................................................

53

Chart. M ov em en t o f tota l secu rity loans o f rep ortin g m em ber
banks com pared w ith m ovem en ts o f s to ck and bond p rices,
1 932-1935

Chart. V olu m e o f ind ustrial p rod u ction a d ju sted f o r seasonal
variation , 1935 com pared w ith 1934......................................................

@2

65

Chart. G row th o f m em ber bank reserv e balances com pared w ith
in crease in the m on etary g old stock , 1 93 4 -1 9 3 5 ..............................

Chart. Ind ex o f m achine to o l ord ers, a d ju sted fo r seasonal
va ria tion and lo n g term g ro w th , 1 92 7 -1 9 3 5 ...................................

62

81

Chart. P ro d u ctio n o f p a ssen ger a utom obiles and m o to r tru cks
d urin g the first e igh t m onths o f 1 9 2 9 -1 9 3 5 .....................................

77

Chart. S teel in g o t p ro d u ctio n d urin g the first ten m onths o f
1929-1935 .........................................................................................................

94

P rincipal dep osit liabilities o f rep ortin g m em ber banks in N ew
Y o r k C ity, tabulated fo r N ovem b er 21, 1934, O ctob er 23, 1935,
and N ovem b er 20, 1935..............................................................................

89

T otal loans and investm en ts o f rep ortin g m em ber banks in N ew
Y ork C ity, tabulated fo r N ovem b er 21, 1934, O ctob er 23, 1935,
and N ovem b er 20, 1935..............................................................................

90

Profits
B usin ess p rofits.

Money Market
M on ey m arket. M on th ly , p ages 1, 9, 17, 25, 33, 41, 49, 57, 65,
73, 81, 89...........................................................................................................

T abulated n et p rofits b y corp o ra tio n grou p s.

M on ey rates a t N ew Y o rk , tabulated. M on th ly, pages 2, 10, 18,
26, 34, 42, 50, 58, 6 6 , 74, 82, 90..............................................................
M on ey rates in th e N ew Y o rk m arket, 1 93 0 -1 93 5 .............

33

Chart. N et loss o f fu n ds b y Second F ederal R eserv e D istrict
th rou gh T rea su ry tra n saction s, 1935 com pared w ith 1933 and
1934
1....

57

Chart. C um ulative gain or loss o f fu n d s to th e S econd Federal
R eserv e D is trict sin ce Jan uary 1, 1935 ...............................................

89

Chart.

P a ges 28, 45, 67, 91......................................................

Chart. A nnual net p rofits o r deficits o f 659 ind ustrial and m e r­
cantile con cern s, Class I railroads, and 54 pu blic u tility co m ­
panies oth er than telep h on e com panies, durin g 1932, 1933, and
1934 com pared w ith 1929............................................................................

28

P a ges 28, 45, 6 8 , 91

Radio Broadcasting
Chart.

In d ex o f co s t o f radio b ro a d ca stin g fa cilitie s, 1929-1934..

83

In d ex o f ra yon ship m en ts, 1 92 9 -1 9 3 4 .....................................

63

Rayon
Chart.

National Bank Notes
R etirem ent o f N ational bank n otes ..............................................................

25

T abulated am ounts o f variou s kinds o f cu rren cy ou tsta n d in g at
th e end o f F eb ru a ry 1935 com pared w ith a yea r p re v io u s ...........

25

Payrolls
E m p loy m en t and p a yrolls. P a ges 13, 22, 29, 38, 47, 53, 63, 71,
77, 85, 94.....................................................................................................................
Chart. Indexes o f N ew Y o rk S tate fa c t o r y em p loym en t and
avera g e earnings, a d ju sted fo r seasonal variation , 1 929-1935....

23

Chart. Indexes o f em p loym ent and p a yrolls in N ew Y o rk State
fa cto rie s, a d ju sted fo r seasonal variation , 1 92 9 -1 9 3 5 ..................

47

Reserves
Chart. E xcess reserv es held b y N ew Y o rk C ity and oth er m e m ­
b er banks, 1 93 3 -1 9 3 4 ...................................................................................

1

Chart. R e serv e balances o f all m em ber banks at F ederal R e se rv e
B anks, 1 9 2 9 -1 9 3 5 ...........................................................................................

9

Chart. G row th o f m em ber bank re s e rv e balances com pared w ith
increase in the m on etary gold sto ck , 1 9 3 4 -1 9 3 5 ............................

81

Securities
S ecu rity m ark ets. M on th ly , p ages 2, 10, 19, 27, 35, 43, 51, 60,
67, 75, 84, 91..................................................................................................
N ew financing. M on th ly , pages 3, 11, 19, 27, 34, 43, 51, 59, 67,
75, 84, 93...........................................................................................................

Prices
C om m od ity prices. M on th ly, pages 7, 13, 21, 31, 39, 47, 54, 62,
69, 79, 8 6 , 95............................................... ....................................................
Chart. Indexes o f w h olesale p rices o f fa rm p rod u cts, fo o d s, and
oth er com m od ities, 1 929-1935. P a ges 13, 54.............................................

Chart.

O fferin gs o f d om estic secu rities b y years, 1 9 2 5 -1 9 3 4

....11

Chart.

A v e ra g e yield on variou s grou p s o f bonds, 1 9 3 3 -1 9 3 5

....11

Chart. N ew d om estic s e cu rity issues in th e U nited States and
G reat B ritain, 1 92 2 -1 9 3 5 ............................................................................ ....27

Chart. M ovem en t o f p rices o f a ctiv e ly traded b asic com m od ities,
1933-1935

22

Charts. P rice m ovem en ts o f wheat, cotton , cop p er, and scrap
steel, 1 92 9 -1 9 3 5 .............................................................................................

79

Chart. V olu m e o f d o m e stic se cu rity offe rin g s, 1935 com pared
w ith the co rre sp o n d in g p eriod o f th e p rev iou s five years, and
a vera g e f o r 1 92 5 -1 92 9 . P a ges 35, 59...........................................................

Chart. M ov em en t o f w h olesa le com m od ity p rices in th e U nited
S tates, E ngland, F ran ce, and Italy , 1 9 2 9 -1 9 3 5 .................................

Chart.

M ovem en ts o f s to c k and bond prices, 1 9 3 4 -1 9 3 5

....43

95

Chart.

M ov em en ts o f s to c k p rice s, 1 9 3 3 -1 9 3 5

....51




INDEX FOR THE YEAR 1935 (Continued)
Page
C hart.

M ov em en ts o f ind ustrial s to ck p rices, 1 9 2 9 -1 9 3 5 ................. 60

Textiles
Chart.

Page
A c t iv ity o f co tto n and w o o l m ills, 10 2 9-1935.......................

88

C hart. P rice indexes o f industrial, p u b lic u tility , and railroad
sto c k s, 192 6 -1 93 5 ........................................................................................ ... 75
Chart.

M ov em en ts o f s to ck p rices, 1 9 3 1 -1 9 3 5 ................................... ....92

Chart. N ew offerin g s o f d om estic corporation secu rities in clu d ­
in g refu n d in g issu es, 1935 com pared w ith 1933 and 1 934........... ... 93

Securities— Government
Chart. A v e ra g e yield s on U nited States T rea su ry and h igh grad e
corp ora tion b ond s, 1 93 4 -1 93 5 . P a ges 3, 6 6 ...............................................
Chart. A v e ra g e yield s on U nited States T rea su ry b onds and
n otes, 1 9 3 4 -1 9 3 5 .............................................................................................
G overn m en t secu rities.

18

P ages 18, 34, 42, 50, 58, 6 6 , 74, 82, 90

Chart. Y ield s on U nited States and B ritish G ov ern m en t b ond s,
1934-1935 .........................................................................................................

74

Securities and Exchange Commission
A ctio n re v isin g the fo rm used in reg istra tion o f new securities
e xp ected t o fa cilita te b ond fin a n cin g....................................................

Treasury Financing
N ew o ffe rin g o f G overn m en t b onds on a co m p e titiv e bid basis
sim ilar to m eth od in bill sales...................................................................

42

United States Debt
U nited States in te re st bearing debt, 1 9 1 9 -1 9 3 5 .....................

88

Chart. P rice m ovem en ts o f wheat, cotton,, copper, and scrap
steel, 1 9 2 9 -1 9 3 5 .............................................................................................

79

Chart.

Wheat

Wholesale Trade
11

W h olesa le trade. M on th ly , pages 8 , 16, 24, 32, 40, 48, 56, 64,
72, 80, 8 8 , 9 6 ..................................... ........................................................................

Chart. R atio o f steel in g o t p rod u ction to th eoretica l ca p a city ,
1 929-1935 ............ ............................................................................................

31

P e rce n ta g e ch an ge fro m p rev iou s yea r in m on th ly n e t sales and
sto ck s on hand, and collection s o f a ccou n ts o u tsta n d in g , ta b u ­
lated b y principal lines. M on th ly , pages 8 , 16, 24, 32, 40, 48,
56, 64, 72, 80, 8 8 , 96.............................................................................................

Chart. P rice m ovem en ts o f wheat, cotton , copper, and scrap
steel, 1 92 9 -1 93 5 .............................................................................................

79

Chart. Steel in g ot p rod u ction du rin g the first ten m onths o f
1929-1935 .........................................................................................................

94

Steel




Wool
Chart.

A c t iv ity o f co tto n and w ool m ills, 1 9 2 9 -1 9 3 5 .......................

38