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APRIL 1935

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
V O L U M E 15

NUMBER 4




PRESERVE THIS NUMBER
As a special supplement has been included in this issue, it is
important that it be preserved. On pages 57 to 72 will be found
the annual averages of the monthly series for the years 1932, 1933,
and 1934, this tabulation representing an extension of the averages
contained in the 1932 Annual Supplement.
The use of this table will save time and energy since the annual
averages are used constantly. It has the further utility of indicating
the extent of the changes that have been made in the statistical
series since the last Annual was issued.
An annual supplement will not be published this year because of
lack of printing funds. It is expected that a 1936 Annual Supplement
will be published early in that year,

UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CLAUDIUS T. MURCHISON, Director

SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
H. GORDON HAYES, Chief
M. JOSEPH MEEHAN, Editor

APRIL 1935

Volume 15

Number 4

CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1931-35
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Forest products
Iron and steel
Textiles

Page
2
3
4
5
6
7
8
9
10
11
12
13
14
15

SPECIAL ARTICLE
Some fundamental factors in the American rubber industry

16

STATISTICAL DATA
New and revised series:
New series: Interest rates of Federal land banks; industrial alcohol
(withdrawn tax paid)
20
Revised series: Labor turnover rates in manufacturing establishments, purchasing power of the dollar (farm prices), silk piece
goods, and department stores sales (Chicago)
19, 20
Weekly business statistics through March 30
21

STATISTICAL DATA—Continued
Monthly business statistics:
Page
Business indexes
22
Commodity prices
23
Construction and real estate
24
Domestic trade
25
Employment conditions and wages
27
Finance
30
Foreign trade
34
Transportation and communications
35
Statistics on individual industries:
Chemicals and allied products
36
Electric power and gas
39
Foodstuffs and tobacco
39
Fuels and byproducts
43
Leather and products
44
Lumber and manufactures
45
Metal and manufactures:
Iron and steel
46
Machinery and apparatus
48
Nonf errous metals and products
49
Paper and printing
50
Rubber and products
51
Stone, clay, and glass products.
52
Textile products
53
Transportation equipment
55
Canadian statistics
56
Special supplement—Annual averages of statistical series, 1932 to
1934, inclusive
57
General index
Inside back cover

Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions. #3, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C
122479-35

1




SURVEY OF CURRENT BUSINESS

April 1935

Business Indicators
1923-25 = 100
INDUSTRIAL PRODUCTION

INDUSTRIAL PRODUCTION

160

160

1OO

100

(Adjusted}*

MANUFACTURES
f (Adjusted)*

•4-O i m 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1

4OU-LLLL

16O

MINERALS

FACTORY EMPLOYMENT AND PAYROLLS

CONSTRUCTION CONTRACTS A W A R D E D
20O

1OO

100

-PAYROLLS

(Unadjusted)

TOTAL FREIGHT CAR LOADINGS

FREIGHT CAR LOADINGS L. C. L.

160

16O

100

1OO

Unadjusted
Adjusted

40

I I 1 1 I ! I! I I I

DEPARTMENT STORE SALES

2OO

160

1OO

1OO

WHOLESALE PRICES

ALL COMMODITIES

iT-

Adjusted—
iiLIll

iil^^
PRODUCTS
VALUE OF EXPORTS

20O

2OO

100

100

BANK DEBITS OUTSIDE NEW YORK CITY

200

VALUE OF IMPORTS

FEDERAL RESERVE MEMBER BANK LOANS*
16O

1OO

100

19311 193211933 1193411935
ADJUSTED FOR SEASONAL VARIATION



* REPORTING MEMBER BANKS

D.D. 8332

SURVEY OF CURRENT BUSINESS

April 1935

Business Situation Summarized
conditions in February showed improveBUSINESS
ment over the preceding month and the same
month a year ago. While the rise in industrial production fell short of the usual seasonal increase following
the rapid upturn of the 2 preceding months, employment and pay rolls, farm income, and distribution
improved. The peak of the present upward movement was probably reached early in February, after
allowance for seasonal factors, but activity apparently
has been maintained close to the level then reached.
During the first quarter of 1934, industrial production was the highest for this period since 1930. This
is evident from the Federal Reserve Board's index for
the first 2 months of the year and the movement of
the weekly indexes for March. Compared with 1934,
the index for the available months of this year was up
12 percent. Major gains over a year ago have occurred
in the automobile, iron and steel, and glass manufacturing industries, although increases have also been
reported in a wind range of other industries. Major
industries reporting declines or little change from a
year ago, include the cement, lumber, tobacco manufacturing, leather and shoe manufacturing, and certain food processing industries. The textile industry
recorded an increase of 14 percent.
Factory employment increased 3.2 percent in February while pay rolls increased 7.8 percent, according
to data compiled by the Bureau of Labor Statistics
These gains exceeded the usual seasonal increases for
the month; the adjusted employment index rose to

within 1 percent of the highest point reached in 1934
while the pay-roll index, which is not adjusted for
seasonal movements, rose to the highest figure since
June 1931. Shifts in employment in nonmanufacturing groups resulted in only a slight change in the number employed outside the manufacturing industries.
Distribution series made a better showing in February than in January. Freight-car loadings increased
by somewhat more than the usual seasonal amount
while retail sales were also higher, after adjustment.
The index of automobile sales continued to advance,
the adjusted index being the highest since June 1930.
Exports and imports declined, but the adjusted index
of the former advanced.
While little change is evident in the volume of new
construction, the permit data indicate somewhat
greater activity in the field of repairs and improvements. Contracts awarded, on a seasonally adjusted
basis, have continued around the midwinter low.
Financial markets have been unsettled, with prices
tending downward and many individual stock issues
reaching new lows. New capital financing continues
on a very restricted scale, although considerable
interest was shown in the registration of a number of
large refunding issues with the Securities Commission
during March. Outstanding loans of the reporting
member banks have expanded slightly. The turnover
of bank deposits continues at a low rate, but February
debits outside New York City were 12 percent higher
than in 1934.

MONTHLY BUSINESS INDEXES
yem-l)
icnt h
y rolls ||

Industria
Unadjusted

J

Adjusted a

s,

1

Merchandise, 1. c. 1.

Total

I- ? Ir

;—

15

® ! g

2
<u
G

2
S3
^

s

i

1^

i

rj

1

is
Is
55

-

!i J

Year and month

Department
Foreign
store sales, trade, value,
adjusted *
value

Freight-car loadings

±i o
•gH
•a

z

II

3
T3

c

•«*

"rt

II
5 cs
= 2

it

932: Febriwy
<*:?:>: Febnia v _ _
1934:
January February
March
April
May
June__
_ .
July
August
September
October
November
December
1935:
January
February

71
(54

70
(2

-)•

f.'J
GJ

68
61

77
83
86
88
89 !
84
73 !
73
72
75
74
78

75
82
85
89
89
83
71
71
70
73
72

85
88
91
81
87
87
85
83
87
87
84
85

78
81
84
85
86
83
76
73
71
73
74
86

76
80
82
85
86
83
74
72
69
72
73
86

88
91

88
91

91
91

91
89 1

90
88

I1 1

i
!

7M

,0 1

88
75.1
78.4
91
100
81.0
82.2
90
82.4
89
87 ! 81.4
79.4
85
79.3
80
82
73.9
81
76.7
76.7
81
78 9
89
94
95

80. 5
81 9

1
Adjusted for number of working days.



> 1 f) '
10 2

">1

54.0 |
60 6
64.8
67.3
67.1
64.9
60.5
62.2
58.0
61.0
59.5
63 2

58
61
63
60
63
64
63
63
67
64
60
56

64.1
69 1

58
61

(2
< i

d

64 1

64
66
62
63
64
61
59
59
57
59
64

65
65
67
67
67
65
64
65
67
66
65
62

70
67
66
65
65
65
65
65
64
63 |
64
66

64
f>5

61
63

65
85
2

o"°

6. a
4(1

1|
I1 Monthly
average,
1926 = 100

Monthly average, 1923-25 = 100
118
107

cj

11

128
im

110
«s

124. 1
i p,o i\

118
mi
9

'4
4*

ys
60

45
29

41
2G

52. 7

7
11)

60. 3
59 8

67
59
73
73
77
70
51
60
79
82
83
135

69
71
77
77
77
74
72
79
76
74
73
77

44
47
50
50
45
50
48
49
48
45
45
43

42
42
44
42
47
44
43
39
43
39
47
41

66.9
59 7
71.4
72.4
71.5
74.8
70.5
68.0
65.3
73 3
68.0
79 6

49
44
33
32
26
26
27
27
29
31
31
31

72.2
73 6
73 7
73.3
73 7
74 6
74.8
76.4
77.6
76 5
76.5
76 9

5()
61

72
75

45
47

51
48

76.4
66 8

27
28

78 8
79 6

Adjusted for seasonal variation.

SURVEY OF CUREENT BUSINESS

April 1935

Comparison of Principal Data, 1931-35




X///////A

FIRST 2 MONTHS

REMAINDER OF YEAR

(BILLIONS OF DOLLARS)

BANK DEBITS OUTSIDE: NEW YORK CITY

CONSTRUCTION CONTRACTS AWARDED — (BILLIONS OF DOLLARS)

STEEL INGOT PRODUCTION

10

20

(MILLIONS OF TONS)

3O

40

50

/////////////////////////A

AUTOMOBILE PRODUCTION — (THOUSANDS OF CARS)

1OOO

2OOO

30OO

4QOO

Y//////////////////////////////A

Y//////7//////7Z77//S/////A
i
i — '
FREIGHT CAR LOADINGS — (MILLIONS OF CARS)

10

2O

4O

30

///////////////////////////////////A

//////////////////////////A
i
i
i

\

D.D. 6333

SURVEY OF CURRENT BUSINESS

April 1935

Commodity Prices

W

HOLESALE commodity prices declined fractionally during the week ended March 16 from
the recovery high of 79.6 percent of the 1926 level
which had prevailed for the 3 preceding weeks. In
the week ended March 16, the prices of 7 of the 10
groups listed in the accompanying table (omitting
grains and meats) were below the prices of the week
ended February 16, the prices of farm products and
of building materials were the same, and the prices of
chemicals and drugs wrere above those of the week of
February 16. The index of the prices of farm products
which was above the index for "all commodities"
during the 3 preceding weeks fell below that index in
the week ended March 16.
Retail prices of department-store articles, as measured by the Fairchild index, declined again in February and are currently 3.3 percent below the peak for
the recovery period reached in the spring of last year.
Of the 26 price series included in this index, 18 declined
during the first 2 months of the year, 3 were unchanged,
and 5 advanced.
Food prices at retail, as reported by the Bureau of
Labor Statistics, have advanced during each of the five
reporting periods since December 18, 1934. The index
at 122.3 percent of the 1913 prices in the period ended
February 26 was 4.7 percent above the peak for 1934
reached in the 2 weeks ended September 11, and 13

percent higher than a year ago. The rise in the prices
of 5 of the six groups of foods in the Bureau of Labor
Statistics index during the past 12 months has been as
follows: Cereals, 5.3 percent; meats, 34 percent; dairy
products, 15 percent; eggs, 36 percent; and miscellaneous foods, 16 percent; while fruits and vegetables
declined 18 percent.
Rising food costs have been the major factor in the
advance in the cost-of-living index of the National
Industrial Conference Board which increased 1 percent
during February to 82 percent of the 1929 level.
Prices received by farmers declined during the month
ended in mid-March, after having advanced sharply the
2 preceding months. The rise during the first 2 months
of the year was due largely to the increase in the prices
of meat animals and dairy products; the index of the
former rose from 73 in December to 105 in February
and of the latter from 107 to 121 during this period.
In January 1934 the prices of meat animals were 55
percent of the pre-war level, and from February to
August, inclusive, they ranged from 65 to 68 percent
of that level. A sharp rise occurred during September
followed by a recession to mid-December, since which
time they have risen as indicated above. The index of
dairy products rose from 84 in January 1934 to 92 in
February and thereafter rose irregularly to 99 in midOctober, since which time it has advanced 22 percent.

„«J
*§

Wholesale (Department of Labor)
Economic classes

M &

•O

'** >s

Year and month

3
CJ

«
3

11

"O
o»

Is
as

.2
1

2
<&
13

£

i

1

Groups and subgroups

!

i

if
!l

1

B
93
g

1

rj

1
1

£

»

52

1

v>.

Iscu

s

!§
&

"3
T3

cet

-M

c3

sbo

S^
V

01

fee

WD

•3

11
o
a

&

rj

,-

tc
:•«
C

«
£
w

*3
3
fe.

£03

B

fee

5

S3

t

.£
£
.M

13o>
•o
C
&
«
£>
TJ

!-i a)

a?
,a

"3
"S
£
42
^3
rt<
o

OP
VI

3
o

~£
rZ

£

01

-w

w
•o

i
£•+**
JH®

OT

|

$
§

Monthly average, 1926=100
95. 4
1929- February
93.4
1930: February
76. 8
1931: February
06. 3
1932: February
1933: February
1934:
70 2
January
73. f:
February _ _
73. 7
March_. _
73.3
April
73. 7
May
74.6
June
74 8
July
August
__ -.. 76.4
77.6
September
October _ . _ 76.5
76.5
November
76.9
December
1935:
78.8
January-79.5
February

93.8 100.6
93. G 96.9
88.1 86. 5
77.5 80. 9
72.3 77.4

92.3
86. 4
70.9
59. 5
51.2

82.7
81.2
71.5
64.7
59.2

89.5
89. 6
88.7
88.9
87. 9
87. 1
86.3
83.8
84.1
83.8
84.2
85.1

80.8
81.0
81.4
PI. 6
82.0
82.0
81.6
81.8
81.8
81.7
81.3
81.2

85. 5
87.0
87 1
87.9
89. 1
87.7
86.8
86.7
86.6
86.3
86.2
85.9

76.5
76.9
76. 5
75.3
73. 6
72. 7
71.5
70.8
71. 1
70.3
69.7
70.0

67.5
68. 5
69. 3
69. 5
69. 8
70 2
69.9
70.2
70.2
69.7
70.6
71.0

86.2
86.0

81.2
80.7

85. 8
85.8

70.3
70.1

70.7
70.1

94. 3
91.5
80. 3
71.4
65. 7

98. 1
91.8
70. 6
56. 9
48. 4

94. 6
89.4
73.0
61.9
50. 3

105.4
98.0
70.1
50. 6
iO. 9

102.0
89. 0
60. 4
46. 1
32.7

98.1
95.8
78.0
62. 5
53.7

102. 3
105.1
83. 6
59. 5
53. 2

91.9
89. 0
78 3
71 '. 3
6(5. 0

95. 9
94.0
82. 5
73. 4
69. 8

95. 7
92. 3
83. 3
75. 5
71. 3

82.9 108. 9
80. 9 103. 9
72. 5 86. 9
68. 3 78.3
63.6 68. 0

76 f)
77. 0
77 9
77!l
77.8
78.2
78.2
79. 2
80.1
79.2
79.3
79.5

64.1
66. 0
65.9
65. 1
65.1
67.3
68.3
71.6
73.9
72.1
72.2
73. 1

71.9
74. 8
74. 3
73.9
73.7
72,9
72.7
72.6
71.8
71.5
71.1
71.0

58.7
61.3
61.3
59. 6
59. 6
63. 3
64.5
69.8
73.4
70.6
70.8
72.0

63.7
63. 2
62.3
58.8
63. 9
72.4
74.8
86.0
88. I
85.0
87.2
91.5

64.3
66.7
67.3
66.2
67.1
69.8
70.6
73.9
76. 1
74.8
75.1
75.3

48. 9
53. 3
56. 5
57.3
60.0
62.2
63.4
69.4
76. 6
70.0
68.4
69.0

78.3
78.7
78.5
78.6
78.9
78.2
78.4
78.3
78.3
78.0
78.0
78.0

86.3
88. 6
86.4
86.7
87.3
87.8
87.0
85.8
85. 6
85.2
85.0
85.1

74. 4
75,5
75. 7
75. 5
75. 4
75.6
75. 4
75. 7
76. 5
77.1
76.9
77.8

73. !
72.4
71.4
71.7
72. 5
72.8
73.9
74.6
74. 6
74.6
74.4
73.7

80.8
81.5

76.6
77.4

71.2
71.7

77.6
79.1

88.8
87.4

79.9
82.7

81.6
87.9

77.7
77.4

84.9
85.0

79.3
SO. 4

72.9
72.5

Revised. See p. 20 of the November 1934 issue.




2

Middle of month.

Farm, combined index, 47
commodities (Department
of Agriculture) i

5

Cost of living (National Industrial Conference Board)

INDEXES OF COMMODITY PRICES
Retail
*»N

c

•w

£
III

&s
CB

Ss
o™

II
1
!
§«
|~
e«

a

£

£

Mo.
Deo.
Mo.
Mo.
193G
average, average,
to average,
(Jan. I,
1913
=
1923= 1909
1914
=
1931
)=
100
100
100
100
145
154
99.9
140
153
98.5
95
127
89. 6
96.3
68
105
80.1
80 1
72.1
55
91
69.9
8T77
105
77.5
88.6
83
108
78.3
89.5
84
109
78.5
89.8
82
78.4
107
89.4
82
78.6
108
88.6
86
109
78.8
88.2
87
110
79.1
87.9
112
79.6
96
87.7
103
81.0
117
87.7
102
80.9
116
87.4
115
80.8
101
78.4
114
80.8
101
87. 2

81.6
82.4

107
111

3 Index is for 1st of following month.

119
122

86.8
86.6

6

SURVEY OF CURRENT BUSINESS

April 1935

Domestic Trade
sales returns for February indicate some
RETAIL
improvement in the volume of goods sold during

adjusted index of variety-store sales advanced 1 point
to 91. Grocery chain store sales were only 3.5 percent
higher than in 1934 despite the rise in food prices in
the interval.
The trend of new passenger-car sales continued
strong during February, while the increased volume of
production permitted a reduction in the volume of
unfilled orders. The seasonally adjusted index of new
passenger-car sales in February was well above the
best level touched in 1934. Automobile sales have
shown a wider increase over a year ago than any other
important type of merchandise.
The volume of advertising effort in newspapers during February was about the same as in January, the
decline in linage being accounted for by the varying
lengths of the 2 months. The linage, while exceeding
the volume in 1934 and 1933, was 12.4 percent less
than in 1932. There was little difference in the trend
of the various types of advertising. Automotive and
financial advertising was in smaller volume than a
year ago; the total, however, was 5.7 percent in excess
of the comparable 1934 figure.
Mortality among business concerns continues low,
according to Dun & Bradstreet figures. February
failures and the liabilities involved were slightly less
than in either January or February 1934. There was
a further decline during the first half of March. The
number of failures with liabilities under $5,000 made
up 38.4 percent of the total in February 1935, compared
with 36.1 percent in February 1934. Failures among
these concerns, however, are also relatively low.

the month. While not marked, the gains were fairly
widespread.
Department store sales usually show very little
change from January to February, but this year daily
average sales increased about 3 percent. The seasonally adjusted index advanced 3 points to 75 percent of
the 1923-25 average, recovering part of the loss
experienced in January. Sales were 5 percent larger
than a year ago. Reports on sales during the first
half of March do not indicate as favorable a comparison
with a year ago as for February, but the late date of
Easter this year will distort the comparison made for
March if no allowance is made for this factor.
Sales in rural areas increased to a greater extent than
did urban sales, judging by the comparative movement
of the indexes of department store and rural general-merchandise sales. On a seasonally adjusted basis, however, the January-February changes were about the
same. Daily average sales of general merchandise in
rural areas were 13 percent higher than in January,
the seasonally adjusted index advancing from 87.5 to
90.6 percent of the 1929-31 average. In December,
the index was 94.5. The increase in comparison with
a year ago was about the same as the change for January. For the elapsed 2 months of 1935 the relative
increase in rural general-merchandise sales is more than
twice as large as that for department stores.
Sales of variety and chain grocery stores increased
bv about the usual seasonal amount in February. The

DOMESTIC TRADE STATISTICS
Wholesale
trade

Retail trade
Department stores

Year and month

1929' February
1930: February
1931: February
_ _ __
1932: February,.. _ .
1933: February
1934
January
February
March... .
April
May.
June
_July
August
September
October
November
December..
1935:
January
February
1

Stocks »

Sales

Combined
index
Unad- Ad- Unad- Adjust- just- just- just- (18 comed 2
ed »
panies) <
ed i
ed!
Avg. same
Monthly average, 1923-25=100 mo. 192931 = 100
91
89
81
64
49

111
108
99

Variety stores
Unad- Adjust- justed^
ed*
Monthly average, 1929-31 =
100

Mail- New passenorder
ger car sales
and
store
sales, 2 Unad- Adhouses just- justed a
ed i
Thou- Monthly aversands of age, 1929-31 =100
dolls.

Employment

Pay
rolls

Monthly average, 1929 = 100

Unad- Adjusted^ justed a

Fail- Liabilures
ities

Monthly average, 1923-25=
100

Num- Thouber- ofsands
dolls.
34.036
1.965
2. 262
51.326

90
79

86.2
84.3
78.9
72. 6
65.6

103. 2
100.9
94.4
86.9
78.5

46. 396
46. 696
39. 422
32. 557
26. 194

111.4
94.6
59. 7
36.8
27.8

136.5
114.5
72.5
44.0
33.0

96.9
98.4
87.6
79.7
72.4

96. 4
98.1
87. 1
70. 1
55. 1

101
98
87
75
64

104
101
89
78
66

66
66
65
65
66
65
64
64
64
64
65
64

89
91
91
92
90
92
93
93
95
92
93
94

70.2
73.0
87.2
82.5
90.0
86.3
79.7
79.9
85.5
91.3
92.9
163. 9

94.2
87.5
94.8
87.2
90.0
90.8
89.5
90.3
89.5
90.0
91.5
88.9

36, 750
36, 016
43, 592
46, 037

22.8
45.7
68.4
87.9
78.1
84.6
73.9
63.1
51.9
47.3
39.2
27.7

33.5
54.5
64.5
59.0
55.5
63.5
67.0
56.0
53.0
59.0
63.0
49.0

80.6
81.2
81.8
82.1
82.8
82.3
82.2
82.5
83.5
84.3
85.1
85.0

60.3
61.0
62.0
63.1
62.6
62.8
63.8
62.7
63.6
64.5
64.2
64.8

65
65
67
67
67
65
64
65
67
66
65
62

64
64

92
96

67.2
75.9

90.2
90.9

51.5
73.0

75. 0 i
87.0

84.2
84.6

63.9
64.6

61
63

78
60

95
93
81
69
54

100
98
86
73
57

57
59
73
73
77
70
51
60
79
82
83
135

69
71
77
77
77
74
72
79
76
74
73
77

59
63
67
68
68
63
59
61
67
71
74
60

59
61

72
75 1

57
61

Corrected to average daily basis.




Chain-store sales

Freight-car
loadings, mer- Commercial
failures
chandise I.c.l.

Adjusted for seasonal variation.

51,072
46, 330
37, 387
44, 134
52, 997
64, 134
60, 595

76,631

41. 194

41,573

3 End-of-month.

2. 563

59. 608
84. tOO
65. 576

70
67
66
65
65
65
65
65
64
63
64
66

1,364
1,049
1,102
1,052
977
1,033
912
929
790
1,091
923
963

32,905
19,445
27, 228
25, 787
22, 561
23, 868
19, 326
18, 460
16, 440
19, 968

65
65

1,184
1,005

18, S24

2.732
2.378

• See note on p. 26 of the Nov. 1934 issue.

18,350
19,911
18,738

SURVEY OF CURRENT BUSINESS

April 1935

Employment
in factory employment from mid-JanINCREASES
uary to mid-February exceeded the usual seasonal
expansion, the adjusted index advancing for the third
consecutive month. On a seasonally adjusted basis,
the index of factory employment for February stood
at 81.9 percent of the 1923-25 average, a gain of 1.7
percent over the preceding month. Each of the 14
major groups, with the single exception of tobacco
manufacturing, reported improvement.
According to data compiled by the Bureau of Labor
Statistics, the number of factory workers employed in
February was 3.2 percent larger than in January, while
pay rolls rose 7.8 percent to reach the largest total
reported since June 1931. Of the 90 manufacturing
industries surveyed by the Bureau, 72 reported increases in employment, and 76 larger pay rolls. The
pay-roll increases, for practically all industries, were
more pronounced than the gains in employment; this
resulted in higher average weekly earnings. There was
no particular change in hourly earnings of workers.
The increase of 4.8 percent for employment and 12
percent in pay rolls in the durable goods industries
accounted for a large part of the February gains. Of
the 46 industries in this group, 40 reported increases
and only 6 declines in the number of workers employed. Important durable goods industries reporting
increased employment included automobiles, 9 percent;
machine tools, and blast furnaces, steel works, and
rolling mills, 5 percent each; and foundries and machine shops, 4 percent. The 6 declines reported for the
durable goods groups were all less than 4 percent.

Due largely to the increased activity in textile manufacturing, employment in the nondurable goods industries increased 2 percent, while pay rolls were 4.4 percent higher. Thirty-two out of a total of 44 industries
in this group showed increases in employment, while
each of the remaining 12 reported declines. The more
important employment gains in the nondurable goods
groups included men's clothing, and women's clothing,
9 percent and 7 percent, respectively; fertilizers, 8
percent; boots and shoes, 4.3 percent; and rayon and
allied products, 2.6 percent. Only 4 of the declines in
this group were in excess of 4 percent. The two most
important industries showing declines were slaughtering and meat packing and canning.
Nine of the 17 nonmanufacturing industries surveyed reported increased employment, while increased
pay rolls were reported in 10 industries. As in the
manufacturing industries, the pay-roll gains were
larger, relatively, than the increases in employment.
The most pronounced gains in both employment and
pay rolls were shown in the anthracite industry, employment increasing 2.5 percent, and pay rolls, 12
percent. The largest decline reported was one of 4
percent for the building construction industry; this
decline was less than the decreases shown in February
for the past few years. Employment in retail trade
establishments declined by a small amount. Other
changes in employment among nonmanufacturing
industries were less than 2 percent.
Relief expenditures declined in February due principally to the short month.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls
Pay
rolls

Employment
Year and
month

Nonmanufacturing employment and pay rolls
(Department of Labor)
Anthracite
mining

EmUnad- Ad- Unad- ployjusted | listed 1 justed ment

Pay
rolls

Bituminous
coal mining
Employment

Monthly average,
1923-25 = 100
1929: February. - 102.9
1930: February.. 97.4
1931: February.. 80.3
1932: February.. 69.5
1933: February.- 61.1
1934:
January
73.3
February
77.7
March
80.8
April
82.4
May
- 82.5
June
81.1
July
78.7
August
79.5
September.. 75.8
October
78.4
November..
76.8
December. ._ 78.0
1935:
January..
78.7
February.. . 81.2

Pay
rolls

Power and
light
Employment

Pay
rolls

Telephone
and telegraph

Retail trade

Employment

Employment

Pay
rolls

Pay
rolls

Monthly average, 1929=100

Wages
Tradeunion
Factory *
members employed Average Average
weekly hourly
earnings earnings
Percent
of total
Dollars
members

Common
labor

Cents
per
hour
0. 588
37
.592
39
. 577
36
.526
33
.462
32

103. 6
98.1
81.1
70.1
61.7

109.3
98.8
74.3
54.6
40.2

106.0
106.9
89.5
71.2
58.7

122. 1
121.5
101.9
57.3
56.8

107.7
102. 4
91. 5
77.4
69. 3

116.6
102.1
68.3
47.0
37.2

92.6
98.8
97.8
87.2
77.4

91.8
LjO. 4
99.7
86.0
71.6

95.3
100.2
89.2
82.0
73.9

93.0
101.9
94.8
89. 6
71.9

95. 4
97.3
89. 3
78.3
70.4

95. 1
97.7
86.4
69. 1
51.8

85
78
69
66

28.79
27. 61
24.29
19. 51
16. 23

75.1
78.4
81.0
82.2
82.4
81.4
79.4
79.3
73.9
76.7
76.7
78.9

54.0
60.6
64.8
67.3
67.1
64.9
60.5
62.2
58.0
61.0
59.5
63.2

64.1
63.2
67.5
58.2
63.8
57.5
53.6
49.5
56.9
58.5
60.7
61.6

73.2
65.8
82.4
51.7
64.0
53.3
42.3
39.7
47.0
48.3
51.2
52.3

75.8
76.1
77.8
72.2
76.7
76.7
77.0
77.1
78.2
79.3
79.8
79.7

51.3
54.6
58.9
51.4
54.4
55.1
49.7
60.4
51.4
57.6
58.3
57.0

82.2
81.2
81.7
82.4
83.1
84.0
85.0
85.6
85.8
85.8
85.5
83.6

73.8
74.4
75.6
76.8
77.6
77.8
81.1
79.9
79.3
80.6
79.6
78.3

70.2
69.8
70.0
70.2
70.2
70.4
71.0
71.0
70.9
70.3
69.9
69.7

69.0
67.9
70.4
68.8
71.4
71.3
72.3
74.0
72.2
74.9
72.2
73.2

79.8
79.6
81.5
82.5
82.9
82.6
79.0
77.8
81.7
82.6
83.7
90.8

59.0
58.8
59.8
61.2
61.5
61.4
60.1
58.4
60.6
61.9
61.8
66.0

72
74
75
76
76
75
72
72
75
76
75
73

18.89
19.81
20.49
21.00
20.79
20.70
19.92
19.59
19.53
20.01
20.07
20.70

.551
.558
.561
.579
.686
.586
.587
.588
.591
.593
.594
.593

37
37
42
43
43
43
42
41
41
41
41
40

80.5
81.9

64.1
69.1

62.9
64.4

57.5
64.3

80.0
81.1

59.6
66.1

82.7
82.2

78.0
78.3

70.5
70.0

73.9
72.9

80.7
80.2

60.0
59.4

74
76

21.61
22.10

.594
.595

39
39




1

Adjusted for seasonal variation.

2

National Industrial Conference board.

8

SURVEY OF CURRENT BUSINESS

April 1935

Finance
A SERIES of important announcements early in
-^*- March relative to Treasury financing and the
sharp decline in the pound sterling during the closing
days of February and the first week of March have
been outstanding among the developments in financial
markets during recent weeks. On March 2, the Treasury announced a financing program calling for the
refunding of $1,850,000,000 of Fourth Liberty Loan
4% percent bonds and $528,000,000 of 2% percent
Treasury notes at lower rates of interest. The abovementioned part of the Fourth Liberty issue had been
previously called for payment on April 15, while the
remaining $1,250,000,000 of the same issue were
called for redemptionr October 15 of this year. Similarly, First Liberty Loan bonds to the amount of
$1,933,209,950 were called early in March for redemption on June 15, while the outstanding 2-percent
consols and 2-percent Panama Canal loan bonds were
called for retirement. The latter are to be redeemed
through the use of funds arising from the "profits"
which accrued to the Treasury as a result of the devaluation of the dollar.
The 2-percent issues have been eligible as security
for national-bank notes and their retirement brings
about the withdrawal from circulation of most of the
national-bank notes outstanding. Of a total of $667,000,000 of bonds still pledged on February 1 to secure
national-bank note circulation, $531,000,000 consisted
of 2-percent consols and Panama Canal bonds, while
the remainder consisted of other bonds bearing interest
rates of 3% percent or less which were granted a

temporary circulation privilege under the GlassBorah amendment of the Federal Home Loan Act of
July 22, 1932—a privilege which expires on July 22
of this year.
The decline in stock prices during February continued until the middle of March when the downward
trend was halted. Numerous depression lows were
registered during this period, but the largest declines
were in the public-utility and railroad issues.
New capital issues during February showed a sharp
decline and constituted the smallest total since September of last year. Issues in the first 3 weeks of
March were also in small volume. During March,
statements were filed with the Securities and Exchange
Commission proposing the issue of two refunding
issues of $43,000,000 and $45,000,000 by a leading
industrial corporation and a leading utility corporation, respectively.
In contrast with the downward trend during February, member bank loans on securities showed an appreciable gain during the first half of March while "all
other" loans declined slightly during the same period
after having registered minor gains during February.
During all of this period member bank investments
showed a steady increase. Early in March the deposits of New York clearing-house banks reached a
new high mark of approximately $8,100,000,000.
The sharp decline in the pound sterling during the
closing days of February and the first week of March
was a development of wide interest. This movement
was temporarily reversed after the middle of March.

FINANCIAL STATISTICS
Bank
debits
outside
New
Year and month
York
City

Reporting member
banks,
Wednesday
closest to end of
month i
Loans
on
securities

Federal
Reserve
bank
credit
outstandin.
ing,
vestend of
ments month

All
other
loans

1

!
Net
Total
gold
bankSavings deposits Stock
imers' ac- ports
j
prices
ceptinMoney
(421)
in
ances cluding
Standcircugold
outard
standlation ,
reNew Postal Statisleased
ing,
York
Savtics
end of from
ings
Stat*
month
ear- 2
mark

1926=100 Dollars ofThous.
dollars Dollars

Millions; of dollars
1929: February - .
1930: Februar 1931: Fobruar '
1932: Februar v
1933: Februar 1934:
January. -

February ...
March
April
May
June
July
August _ _
September
...
October
November. _ .
December... _ ..
1935:
January
February . .


» 91 cities.


24. 4 SO

2J, 508
17 0"4
12,870
10, 401

4, 851
3, 727

0, 124
4, 554

13, 1S8
11,784
14, 077
14, 278
14, 105
14, 754
13,910
13, 420
12, 888
14, 465
13,409
15,701

3,609
3,520
3,514
3,577
3,476
3,529
3,358
3,247
3,047
3,051
3,017
3,081

15, Off*
13,181

?, 024
?, 985

i
j

1

1,510
!, J40
U
2o
1, 709

m

0,322
7, 019

:>., 794

] ;"°0
919
704

4,740
4,665
4,647
4,559
4,550
4,485
4, 515
4, 555
4,747
4,756
4,688
4, 565

8,772
9,215
9,311
9,326
9, 280
0,723
9, 889
9,906
10,017
10, 030
10, 059
10, 575

2, 630
2, 567
2, 545
2, 485
2, 463
2, 472
2, 462
2, 464
2, 464
2, 455
2,453
2, 463

771
750
685
613
569
534
516
520
539
562
561
543

4, 537
4,603

10.f83
10,723

2,461
2,465

516
493

!

• Net exports indicated by (-).

Bond
AverInterest
prices,
age
New
divirates,
York
dend
New
comStock capita!
peimercial
Exshare
issues
paper
change
(600
(4-6
(docom- months)
panies)
mestic)

i

1,007

!^
ill

97.02
i)- 27
%! ()7
82. 02
79. 09

869, 743
409, 880
201,460
73, 932
19, 050

3.05
2.04
1 . 70
1. 16

5, 067
5, 076
5,122
5,097
5,090
5,134
5,114
5.054
5,145
5, 128
5,119
5, 154

1,201
1,200
1,200
1,197
1,197
1,198
1.190
1,192
1,193
1,199
1,204
1,207

75.6
80.5
77.1
79,6
71.8
73 5
71.4
67.8
67.0
67.3
69.4
69.2

88.77
90.12
91.09
92.54
92.32
93.16
92.00
91.13
90 05
91.23
91.68
92.57

47, 953
81,060
97, 276
143, 404
102, 733
122, 506
216, 645
179, 548
43, 375
121, 903
107, 036
140,941

1.12
1.15
1.16
1.16
1.18
1.19
1.21
1.23
1.23
1.24
1.27
1.27

M«
5, 147

1,201
1,206

C9. 7
.7.8

93.35
S3. 35

92. 097
50.011

1.28
1.29

is. <•

4, ( S O
4, 554
4, 5().s

4 -! 2o
4, 436
•?, 928

155
K,8
292

-64. 2
521.2

5,' 892

5,' 269

9.4
5,669
521.2
s 5, 339
236.5
5,368
53.6
5,366
34.1
5, 355
5, 341
64.7
52.9 I 5, 350
36.2 1 5, 355
-16.3 ! 5, 427
11. 1
5, 473
5, 494
120.8
92.2
5, 577

f 0. 0

150. 5
123.0 |

(;93

5,411
5,439

18G. 5

1

Percent
5^
4i'o-5
2VS-2H
3^-4

iM-iK

1M-1H
1K-1H
1 -i#
1 -ijj
H-i
H~l
%-i
M-i
*4-i

3 Gold coin reported in circulation prior to Jan. 31, 1934, was eliminated from the total as of that date.

y^
H-i

H-i
Z
A

SURVEY OF CURRENT BUSINESS

April 1935

Foreign Trade
OREIGN trade showed the usual downward moveFment
during February, exports declining 7 percent
and imports 9 percent. After allowance for the usual
seasonal downswing, the adjusted index of the value of
exports increased from 45 percent in January to 47 percent of the 1923-25 average, while the adjusted index of
imports dropped from 51 in January to 48. Except
for January, the adjusted import index in February
was higher than for any month since September 1933.
As in other recent months, exports of nonagricultural
products made a more favorable showing than did
exports of agricultural products. Exports of meats
and fats, grains, feedstuffs, raw cotton, and tobacco
declined in February in both quantity and value as
compared with the preceding month, while fruit was
the only leading agricultural export which increased
in value. Seasonal factors influenced the declines to
some extent from January to February, but all these
items were decidedly smaller in value than in the corresponding period of 1934. Exports of meat products,
lard, unmanufactured cotton, and tobacco in February
showed declines in quantity of 36 percent, 57 percent,
37 percent, and 13 percent, respectively, in comparison
with a year ago, but because of advances in prices the
declines in values were smaller. The rise in the prices
of leaf tobacco during the past year was sufficient to
more than counterbalance the effect of the decline in
quantity, the value of unmanufactured tobacco exports
being 16 percent greater than in February a year ago.
Exports of finished manufactures were only slightly
smaller in value in February than in January;^automobile exports expanded considerably in both quantity

and value. There was evidence also, particularly if
allowance is made for the fewer number of days in the
month, of a moderate expansion in shipments of a
number of other manufactured articles.
In comparision with the same month of 1934, all of
the leading manufactured articles, except cotton
manufactures, gasoline, and lubricating oil, advanced.
While the value of exports of cotton manufactures has
varied relatively little from month to month since the
middle of 1934, the average value of monthly shipments
has been much smaller than in the first half of 1934.
The drop has been principally in the quantity of cotton
cloth exported.
The marked decrease in withdrawals of cane sugar
from warehouse in February from the abnormally high
figure recorded in January was chiefly responsible for
the drop in the value of total imports for consumption
during February. Other leading imported articles
that were smaller in value in February than in January
included paper base stocks, newsprint, precious stones,
ferroalloys, and art works.
A number of the leading import commodities increased in both quantity and value in February as
compared with January. Among the industrial raw
materials showing increases were crude rubber, copper,
tin, raw silk, vegetable oils, and oilseeds, and among
leading foodstuffs were coffee, cocoa, and olive oil.
Imports of cattle, butter, and feedstuffs, which were
until recently of minor importance in the total trade,
also increased substantially in February and grain
continued to be imported at approximately the same
level as in several other recent months.

EXPORTS AND IMPORTS
Ind exes

Value Value
of
of
total total
Year and month
eximports, ports,
adadjusted i justed i

Exports,
including
reexports

Crude
materials
Total

Raw
cotton

Total

February
March
April
May _
June
July
August.
September
October
November
December _
1935:
January _
February

__

Finished
manufactures

Foodstuffs
i SemiFruits manand ufacTotal prep- tures
arations

Monthly average, 1923-25=100
1929: Fel nary
1930: Fel uarv . ...
193T Feh uary
1932: Fob uarv
1933: Fol uarv
1934:
January

Imports 2

Exports of United States merchandise

AutomoMa- biles, Total
Total chin- parts,
ery and
accessories

Finished
Crude Food- Semi- manma- stuffs man
ufac- ufacterials
tures tures

Millions of dollars

128
101
65
45
29

116
88
55
41
26

441.8
348.9
224.3
154.0
101.5

434.5
342.9
220.7
151.0
99.4

44
47
50
50
45
50
48
49
48
45
45
43

42
42
44
42
47
44
43
39
43
39
47
41

172.2
162.8
191.0
179.4
160.2
170.6
161.8
172.0
191.7
206.4
194.9
170.7

45
47

51
48

176.2
163. 0

63. 7
46.8
29.5
22.8
12.8

12.9
7.4
8.9
7.0
3.8

61.0
45.2
27.4
18.3
13.2

217.5
183.2
116.1
57.3
41.5

46.4
57.1
43.9
13.7
8.5

59.6
31.1
16.2
7.4
6.3

369. 4
281.7
174.9
131.0
83.7

137.8
98.6
56.4
37.3
21.1

86.9
59.8
45.9
37.8
30.0

69.5
59.0
31.5
24.1
13.6

75.2
64.3
41.2
31.8
19.1

41.5
37.7
34.7
24.5
17.6
28.9
20.3
17.8
32.2
43.4
39.2
35.0

22.7
19.6
20.1
17.8
16.8
14.9
17.1
22.1
20.1
21.9
18.5
15.7

8.4
6.8
5.5
4.4
3.3
4.0
2.9
7.7
7.1
9.0
5.4
5.4

25.0
24.5
31.4
29.4
26.2
27.9
28.8
29.4
29.7
28.8
30.4
30.3

61.4
61.4
80.8
83.4
76.2
78.1
76.2
78.7
73.0
70.1
71.7
68.0

14.4
14.6
18.3
19.2
17.0
18.6
18.9
20.2
18.8
18.7
20.6
19.1

10.8
13.2
20.6
21.5
20.6
20.0
18.4
15.3
14.0
12.4
11.0
12.4

128.7
125.0
153.1
141.1
146.9
135.0
124.1
117.3
149.8
137.9
149.4
126.2

35.7
36.9
44.9
41.0
42.8
42.6
39.1
34.2
38.6
35.1
40.1
28.8

39.3
38.3
48.6
45.6
46.3
39.3
29.1
30.8
57.3
46.8
47.8
47.8

26.4
22.2
29.7
26.1
26.9
26.8
27.5
23.0
24.2
26.1
27.4
21.0

27.3
27.6
29.8
28.4
30.8
26.4
28.5
29.2
29.6
29.9
34.1
28.6

32.2
27.1

16. 3
16.3

5.3
6.2

27.2
25.5

74.3
73.6

18.2
18.8

17.2
20.5

168. 6
152. 3

43.1
45.2

65.8
51.7

29.6
29.0

30. 1
26.3

92,3
67.7
47.7
52.6
31.8

64.1
38.8
25.4
37.3
20.6

169.5
159.7
187.5
176.5
157.2
168.0
159.2
169.8
189.2
203.6
192.3
168.5

60.4
54.2
55.3
45.9
38.0
47.0
37.2
39.7
66.4
82.9
71.7
54.5

173. 6
160. 3

55.8
45.0

 1 Adjusted for seasonal variations.
http://fraser.stlouisfed.org/
122479—35
2
Federal Reserve Bank of St. Louis

2

General imports through December 1933; imports for consumption in 1934 and 1935.

10

SURVEY OF CURRENT BUSINESS

April 1935

Real Estate and Construction
on construction contracts awarded
STATISTICS
during February reveal a small volume of new

There was little change in the nonresidential building
field in February, contracts being below the January
work undertaken during this period, but the figures figure but slightly above the total for the corresponding
for the first half of March were somewhat higher. period of 1934.
The adjusted index of contracts awarded has advanced
Permits issued during February indicate that there
slightly after declining in January. Total contract was a substantial volume of repair and modernization
awards in the 37 States covered by the F. W. Dodge work undertaken which was not fully reflected in the
Corporation statistics amounted to $75,000,000 in contract figures. The value of work covered by perFebruary which was the smallest total reported for mits was higher than in January and, while there was
this month, with the exception of the year 1933. In the an increase in the Pacific region which is not included
first half of March, contracts amounted to $59,647,000, in the contract figures, the figures for other regions are
compared with $92,522,000 in the corresponding period more favorable than the contract totals.
of 1934. The February total was divided about equally
Conditions in the real-estate field are gradually iminto publicly financed and privately financed con- proving, although the building figures still mirror the
tracts. The amount of work included in the latter prevalence of controlling adverse factors. The monthly
classification was 19 percent higher than a year ago, index of rents compiled by the National Industrial Conwhile the publicly financed work was much lower.
ference Board moved higher in February, but the figure
Residential construction, which had made a rela- was only 7.5 percent above the depression low. Buildtively favorable showing in the initial month of 1935, ing costs have not changed materially in recent months,
was in smaller volume in February. Awards amounted but such costs have risen to a very substantial degree
to less than $17,000,000 which total was nevertheless in the past 2 years. Wholesale prices of building
larger than in February of either 1934 or 1933. The materials in the middle of March were 84.6 percent of
adjusted index of residential construction stood at 13 the 1926 average, or only 11.3 percent below the 1929
percent of the 1923-25 average in February; since the average. In contrast to the above-mentioned increase
end of 1933 the index has varied between this figure in rents is the rise of 22.1 percent in material prices
and 10 percent. Excepting the increase in the Middle from the depression low.
According to data prepared by the H. 0. L. C., the
Atlantic States, the regional changes were not significant. In the District of Columbia there has been a sub- number of homes refinanced by that organization up
stantial gain in residential building so far during 1935, to March 14, 1935, was 830,315. The value of the
reflecting the influence of a favorable rental situation. mortgages refinanced was $2,506,268,000.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE

Tear and month

1929- Februa v
1930: Februa v. _ .
193 r Februa y
1932: Februa v
1933: Februa y
1934:
January
February. _ _
March
April .
May
.
June
July
August
September
October
November
December
1935:
January
February
j,
_




1

AH types of
construction

Monthly
average,
1923-25 =
100

Number of
projects

118
104
79
27
19

9, 749
8, 560
7, 629
5, 208
3,884

49
7,729
44
5,507
33
7,927
32
8,114
9,153
26
8,368
26
7,182
27
7,625
27
29
7,666
31 1 10, 013
31 | 7,505
5,771
31

_

__.

F. R. B.
index
adjusted *

|

27
28

6, 458
6,125

Residential
building

MilMillions of Millions of square lions of
dollars
dollars
feet

Public
utilities

Highways
under
construction
(National
IndusCetrial
ment Recovery
Act)

Building-material
shipments

Construction contracts awarded

Explosives,
new Maple Oak
Pub- orders
floor- floorlic
ing
ing
works

Millions of
dollars

Thousands of
pounds

Thousands of Thoufeet, board
sands of
barrels
measure

361
317
235
89
53

27.3
15.2
16. 6
6.1
3. 1

129. 5
74.8
77.9
24.4
11.8

37. 6
44.3
19. 8
12.6
4.7

29. 7
58.0
59.2
15.6
12.5

37,203
34, 270
27,015
18,250
16,510

(', 203
3, 083
2 786
2, 061
1,318

31, 128
29, 986
21,713
11,359
6, 074

5, 448
7,012
5, 074
3, 118
2,278

186
97
178
131
134
127
120
120
110 !
135 1
112
93

3.9
3.6
8.0
6.0
6.2
7.5
4.8
5.0
4.8
7.0
5.3
4.0

15.1
14.5
28.1
22.7
24.8
26.6
19.8
18.6
17.9
26.3
19.9
14.6

10.6
6.4
21.0
12.4
5.6
13.1
7.9
8.7
6.5
12.6
8.5
12.9

103.1
46.7
71.9
57.5
51.2
44.3
31.2
41.9
43.5
52.6
43.8
37.2

28, 504
25, 584
27, 725
26, 958
24, 231
24,812
23, 384
26, 063
25,489
26, 892
25, 108
22, 635

3,665
3,665
4,643
4,303
4,512
3,573
4,421
4,279
3,386
3,408
3,005
2,668

5,137
8,112
13,711
9,476
9, 813
7,965
7,713
9,041
9,003
10, 095
9,533
6,964

3,778
2,952
4,618
6,492
8,784
8,541
7,898
8,249
7,388
8,439
5,674
3,104

100
75

5.5
4.6

22 4
16^6

8.7
3.9

35.7
23.9

29, 147
26,019

3,302
2,812 I

8, 676
9,015

2, 846
2,952

Based on 3-month moving average and ad.usted for seasonal variations.

Thousands of
dollars

Construction
costs,
Eng.
NewsRecord 2

Longterm
realestate
bonds
issued

Home
Loan
Bank,
loans
outstanding

Monthly avof
erage, Thousands
dollars
1913 =
100
210. 4
200. 5
196 6
161.8
159. 3

34, 049
15, 290
3, 590
0
GOO

9,184

197, 088
216, 291
239, 974
269, 229
288, 460
283, 506
267, 509
231, 554
203, 027
179, 453
159, 599
147, 807

191.3
194.0
194.0
195.9
199.6
199.6
199.7
198.4
200.6
200.9
201.4
201.9

0
0
0
0
0
0
400
0
0
0
0
0

92, 497
94, 040
93, 125
88, 922
86, 842
86, 248
85, 723
85, 519
86, 647
87, 446
87, 714
87, 258

145, 639
155, 448

198.7
196.0

0
0

82, 585
77,142

»Index is as of first of month. Mar. 1,1935,193.5.

11

SURVEY OF CURRENT BUSINESS

April 1935

Transportation
of revenue freight for the first 12
CARweeksloadings
of the year through March 23 totaled

6,893,196 cars, a decrease of 0.9 percent from the similar period of 1934, and a gain of 20 percent over the
like period of 1933. Loadings for 3 of these 12 weeks
were above those for comparable weeks last year;
loadings in each of the 6 weeks ended March 23 were
less than in the corresponding weeks of 1934. Loadings for each of the past 7 weeks have varied from 71.6
to 74.7 percent of the average loadings for similar
weeks during the past 16 years.
Daily average freight-car loadings for February
increased slightly more than the usual seasonal amount;
the adjusted index of the Federal Reserve Board rising
to 65 percent of the 1923-25 average from 64 percent in
January. Of the three principal classes of freight which
include more than three-fourths of the total loadings, coal
shipments increased during February from 73 to 75 percent of the 1923-25 average, miscellaneous shipments
increased from 72 to 73 percent, and less than carload
merchandise remained unchanged at 65 percent of the
1923-25 shipments, after seasonal adjustments.
Employment on class I railways, excluding switching and terminal companies, increased slightly in February, for the first time since last June. After adjustment for seasonal variation, the index of railway employment, as computed by the Interstate Commerce Commission, increased for the third consecutive month to 56.9
percent (preliminary) of the 1923-25 average. This index

is currently higher than during any month of 1933, or any
of the months of 1934 except March to July, inclusive.
Net railway operating income of class I railroads
for the first 2 months of 1935 was about one-fourth less
than in the corresponding period of 1934, and it was
almost twice the sum reported for 1933. Operating
revenues were slightly higher than a year ago, but
increases in operating expenses with only a slight
reduction in taxes, curtailed the net operating income.
Sixtty-one of the 149 railways operated at a deficit in
January.
The average price of 33 railroad stocks, as compiled
by Standard Statistics, declined to 27.4 percent of the
1926 prices on March 20, which is the lowest point since
the spring of 1933 when a low of 22.6 was reached. The
low for 1934 was 34 and the high for that year was 50.6.
The current interest in grade-crossing elimination
augments the significance of a decision of the United
States Supreme Court handed down on March 4 which
held it to be unreasonable that the Nashville, Chattanooga & St. Louis Railway should be required to pay
half of the cost of a grade-crossing elimination, since
the primary beneficiaries of the grade-crossing elimination are the users of motor vehicles. Federal grants
under the N. I. R. A. of June 1933 and the HaydenCartwright Act of June 1934 were being used as of
January 1, 1935, in the elimination of 551 grade
crossings in 44 of the 48 States. Under the work
relief bill now in the final stages of passage it is expected
that a large sum will be allotted to such work.

F. R. B. index
Year and month

«
1

3
a
»

rs

0>

CB
•3

3
g

13

a

3
5

Monthly average, 1923-25=
100
1929' Febr lary
1930' Febr lary
1931* Febr lary
1932' Febr lary
1933* February
1934:
January
February
IVIarch
April
July
August
September
October
November
December
1935:

February

- --

i

z
I

•e «
§1

i£

1

5

W

Ifl

•3
3
1

Thousands of cars

f«

i

1
1
i

Thousands

4

99
91
74
59
51

107
99
80
62
54

941.5
876. 7
708. 5
560. 8

211.0
166. 0
137.1
115.0
124. 6

13.4
11.4
8.7
6.2
6.3

60.2
57.7
34. 6
19.3
13.8

47.2
43.9
41.2
34.3
25.4

26.4
25.2
22.0
19.0
15.4

242.5

238. 1
210. 5
183. 0
154.6

9 2
8.6
5.6
2.7
1.9

331.6
325. 8

58
61
63
60
63
64
63
63
67
64
60
56

64
64
66
62
63
64
61
59
59
57
59
64

545.8
578.6

131.1
145.0
145.9
100.3
106.8
100.3
93.2
95.9
116.1
121.0
123.6
122.9

7.7
10.1
8.9
5.8
6.8
6.8
4.4
4.1
5.2
5.6
5.4
6.0

18.4
21.8
23.7
24.2
25.1
24.6
20.8
22.3
22.0
22.4
21.2
18.3

29.2
30.1
29.6
26.5
28.1
34.9
42.7
40.1
34.8
30.6
27.8
25.1

17.5
15.3
13.4
16.3
16.2
15.4
22.2
30.9
34.1
28.5
22.5
16.3

153.8
156.9
165.5
166.0
164.9
157.7
153.2
159.6
159.3
163.2
160.1
144.2

3.1
3.1
3.7
7.4
20.7
33.1
31.3
29.0
24.4
17.1
6.5
3.1

185.0
196.4
221.0

58
61

64
65

542.6

137.6
143. 4

7.8
8.6

18.7
25.1

24.0
25.6

14.5
12.4

144.1
152.2

2.7
3.2

Daily average basis.



492.6

611.8

583.7

610.4
615.6

586.6
605.0

628. 5

632.9
588.3
518.4
581.4
8

Adjusted for seasonal variations.

Freight-car surplus

Freight-car loadings

Pullman passengers carried

RAIL AND WATER TRAFFIC

3

Financial
statistics, class
I railroads

i

V

>
V

k

si !i
£ fi
19
c!
«

J*
fc

A

o

Thousands of
dollars

217
440
651
722
650

2, 555
2, 379
1,919
1, 424
952

470,419

1,306
1,132
1,227
1,212
1,122
1,303
1,280
1,403
1,354
1,265
1,131
1,371

258, 015
248, 439
293, 178
265, 391
282, 024
282, 779
275, 984
282, 679
275, 51]
292, 903
256, 967
257, 506

31, 058
29, 281
52, 038
32, 265
39, 495
41, 836
35, 221
39, 677
41, 020
48, 625

221.3
182.5

434
375
357
368
355
338
348
359
318
328
381
392

193.2
210.9

342
320

1,398

264,213

21,349

248.8
181.4
150.7

237.4

241.6

242.7
218.7
223.1

232.5
244.5

American vessels, both directions.

83, 287
58, 401
27, 022

423, 194
332, 839
264, 224
212, 154

21,614
10, 134

31,583

38, 738
25, 720

254, 940
4

Canal traffic

|33
DC

x

£

I
1

OC
+»

I

Thousands of
short tons

i

I
Thous.
of long
tons

0
0
0
0
0

0
0
0
0
0

1,138
1,058
864
628
623

0
0
0
13
5,745
7,901
7,522
6,990
6,145
5,006
2,627
300

0
0
0
140
550
557
519
627
465
726
559
0

846
979
1,119
1,038
1,008
835
770
976
1,045
1,029
1,015
885

0
0

0
0

825

Average weekly basis.

12

SURVEY OF CURRENT BUSINESS

April 1935

Automobiles and Rubber
RODUCTION of automobiles has gradually inPcreased
during February and March. The February gain in daily average output was slightly in excess
of the usual seasonal rise and it is expected that the
expansion during the current month also will equal
the usual gain, notwithstanding the large number of
1935 cars assembled in the 3 months ended March 1.
With United States production (or factory sales)
amounting to 633,309 units during the first 2 months
of the 37ear and schedules for March set above 400,000,
the output in the first quarter will be considerably
above the 1,000,000 cars and trucks tentatively set
as the goal for this period. Difficulties experienced
by some individual companies in getting into full
production retarded the expansion to some extent but
by the middle of March these obstacles had been
practically overcome.
Production during the first 2 months of 1935 was
63 percent in excess of the corresponding period of
1934 and was the highest output for the initial 2
months of the year since 1929. Production of trucks
so far this year has been at a rate unexcelled in any
earlier period, not excepting 1929.
Stocks of cars in the hands of dealers have been
gradually built up, although not all dealers have as
yet been adequately stocked. The situation varies
considerably as between the different makes of cars;
some dealers have been fully stocked, while the supply
of one leading low-price car, for example, is far below
the amount needed to fill orders for immediate delivery.

Sales reports are generally favorable. Retail sales
of cars in February expanded by more than the usual
seasonal amount, the adjusted index moving up from
75 percent of the 1929-31 average in January to 87
percent. This represents the highest point reached by
the index since the second quarter of 1930. Foreign
sales have continued in large volume; exports for the
first 2 months of 1935, amounting to 39,453 passenger
cars and trucks, were 51 percent in excess of a year
ago and were the largest since 1930.
With production at such a relatively high rate, the
competitive struggle for business is being intensified.
Several companies have recently announced price reductions, although the volume producers of lowprice cars have maintained the prices previously set.
One of them, however, has announced a lower priced
series of cars.
Activity in the rubber manufacturing industry has
continued to reflect the expanding rate of production
in the automobile industry. Consumption of crude
rubber was at approximately the same rate as in
January and was the largest February production on
record. The major gain in February was in the tire
industry.
Crude rubber prices have fluctuated erratically in
recent weeks. Current quotations at about 11 cents
a pound are 2 cents lower than a month ago. The
decline in sterling has probably influenced this trend.
Some unsettlement in the retail prices of tires has also
developed during the current month.

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Automobile production

Year and month

New
pasUnited States
Canada
senger
car
i
F.H.B.
PasPassen- Trucks registraindex, Total senTari- Trucks! Total
ger
tions
ger
cabs
adcars
usted1
Monthly average,
192325=100

1929: February .__
1930: February
1931: February .
1932: February
1933: February
1934:
January
February
March..
April
May .
June
July
AugustSeptember
OctoberNovember
December
1935:
January
February




1

Thousands

Number

New passengercar sales

^tir"™^*

Domestic
World
conIm- stocks,
sump, ports end of
h P
i month
m en fs (ion,
total

AdUnadjusted justed i

st <£<

Monthlyr average,
1929-31 = 100

Thousands

«°n

Crude rubber

Long tons

143
102
68
35
32

466
330
220
117
105

404
279
180
94
90

2, 1\&
851
529
25
152

60, 247
50, 398
39, 521
23, 308
15,319

31, 287
15, 548
9, 871
5, 477
3, 298

33, 218
18,732
9,187
4, 936
5, 521.

19, 806
6, 750
4, 187
2,113
3, 136

235, 266
211,998
134, 133
82, 813
69, 471

111.4
94. 6
59.7
36.8
27.8

136.5
114.5
72.5
44.0
33.0

5,184
3,645
3,188
3,097
1,871

3,750
3,151
2,580
1,973
1,764

37, 435
29, 453
26, 493
27,611
18,825

64, 286
42, 998
34, 374
28, 398
22, 969

303, 247
409, 381
516,983
628, 899
618, 299

56
71
78
85
78
82
78
61
51
41
37
105

157
232
331
355
332
308
267
235
169
132
78
183

113
188
275
289
274
262
224
184
124
85
46
128

321
27
16
1
0
0
0
0
0
0
6
115

43, 255
44, 041
56, 525
65, 714
57, 887
46, 213
42, 708
51,310
44, 962
47, 988
32, 909
55, 128

6,904
8, 571
14, 180
18, 363
20, 161
13, 905
11, 114
9, 904
5, 579
3, 780
1,697
2, 732

3,685
8,872
16, 141
16, 509
16, 058
18, 071
17, 621
12, 522
10, 236
8,040
9,208
8,279

7,573
6,039
10, 076
10, 756
8,612
6, 816
6,338
7,305
7,530
7,512
7, 072
7, 141

61, 242
94, 887
173, 287
222, 900
219, 163
223, 642
228, 760
193, 828
146, 931
140, 880
107, 648
75,514

22.8
45.7
68.4
87.9
78.1
84.6
73.9
63.1
51.9
47.3
39.2
27 7

33.5
54.5
64.5
59.0
55.5
63.5
67.0
56.0
53.0
59.0
63.0
49.0

3,804
4,205
5,025
4,627
4,323
4,212
3,252
3,427
2,848
3,188
3,241
3,665

3,043
3,106
3,966
4,212
5,049
4,956
3,954
4,091
2,993
2,834
3,026
2,921

35, 159
36, 548
43, 329
40, 902
39, 571
36, 620
30, 035
30, 312
27, 317
28, 526
31, 358
32, 996

49, 088
35, 220
42, 253
45, 175
49, 901
48, 748
42, 674
32, 700
32, 010
29, 240
37, 212
18, 171

643, 355
652, 690
653, 000
647, 993
659, 865
660, 699
672, 312
663, 761
668, 814
669, 557
672, 852
670, 000

104
105

293
341

229
278

63, 566
62, 394

10, 607
18,114

11,035
15, 067

6, 591
6,760

136, 635
170, 000

51,5
73.0

75.0
87.0

4,488

3,469

42, 864
38, 868

40, 523
47, 844

674, 000
672, 500

Adjusted for seasonal variations.

(3)
(3)

2 See note on p. 51.

3 Included with passenger cars. See footnote on p. 54.

13

SURVEY OF CURRENT BUSINESS

AprU 1935

Forest Products
Wholesale prices of lumber increased fractionally for
the month of February. According to the Lumber
Survey Committee of the United States Timber Convolume than in 1934 and shipments have made a servation Board, the suspension of the minimum price
better showing than production. Stocks, while still provisions of the code has been followed by increased
prices in several regions, these changes affecting the
high, have been reduced since the end of 1934.
products
which are being moved in relatively good
In view of the allowable quotas established by the
volume.
It was also stated by the committee that
Code Authority for the second quarter of the year,
these
increases
in many instances had been followed
not much change in production may be anticipated
by
increased
business.
The committee believes that
for the forthcoming quarter. The cut was fixed at
the
suspension
of
the
minimum
price provisions has
4,489,900,000 feet which represents an increase of 4.5
placed
more
emphasis
on
the
importance
of the balancpercent over the quotas for the first quarter. Estimated consumption for the second quarter was placed ing of stocks in relation to shipments and equalization
at 4,558,500,000 feet so the above production quota of production and consumption.
Paper mills operated at approximately 70 percent of
contemplates a further reduction in stocks. Larger
than average increases were allowed for some species for capacity during February, according to Code Authority
the purpose of bringing about a better balanced stock statistics. This represented the highest operating rate
condition. The allowable production of oak, maple, since the middle of 1933. Paperboard mills also
birch, and beech flooring, red cedar shingles, and showed increased activity during the month, the
Douglas fir plywood for the second quarter is also in operating rate reaching 67 percent of capacity, also
the highest level of production since the summer of
excess of that for the first quarter.
The employment and pay-roll data indicate an 1933.
American newsprint production declined seasonally
increase in activity of more-than-seasonal proportions
m the millwork and furniture industries. The ex- during February. Canadian output also was lower.
pansion in pay rolls in these two industries in compari- For the first 2 months of the year Canadian production
son with a year ago has been uniform, the percentage totaled 382,264 tons, the largest for this period since
gain in each was between 16 and 17 percent. Although 1930. Shipments of paper from mills during February
these data reveal a relatively higher level of furniture declined in both countries. Stocks at both United
output than of finished lumber, pay rolls in the former States and Canadian mills increased; Canadian stocks
of 71,364 tons were the highest on record.
industry are less than half of the 1923-25 average.
ONDITIONS in the lumber industry continue
C
depressed. First quarter production was about
the same as a year ago, but orders have been in larger

FOREST PRODUCTS STATISTICS

Year and month

Lumber production

Car loadings >

Employment

Pay rolls

Unad- Adjust- justed i
ed

TurFur- Saw- penni- mills, tine
ture, . ad- and
ad- justed 1 rosin,

Unadjusted

CaliTotal Doug- South- Southern
fornia
ern
adjustlas
hardredfir
ed i
pine
wood wood
Monthly av
erage,
1923-25=
100

1929: February
1930: February
1931: February
1932: February
1933: February
1934:
January
February
March
_ _
April
May
June
July
August
- September
October
November
December
1935:
January
February

_

..

justed i

unadjusted

Furni-

ture

Saw-

mills

Newsprint

Con-

Turpentine
and

rosin

sumption

by
publishers

Monthly average, 1923-25=100

Millions of feet, board measure

Im-

ports

Production

Short tons

86
78
44
22
20

280
276
179
116
98

245
154
89
78

319
255
158
83
60

33
37
24
12
15

85
80
48
27
19

84
78
48
27
19

110.4
98.6
76.9
69.4
53.3

86.2
78.4
48.0
27.8
23.0

93.5
75.3
65.9

113.2
92.4
65.0
44.5
27.9

82.5
74.3
38.5
15.3
10.0

55.0
36.1
27.9

170, 864
171, 889
150,403
142, 883
116, 307

165, 331
154, 138
148, 388
127, 089
94, 908

103, 644
111,598
88, 634
87, 685
67, 607

34
29
38
33
33
31
29
36
32
29
26
29

109
132
151
153
132
77
70
144
141
129
123
103

1C6
112
124
117
118
108
99
99
98
102
96
79

124
128
120
135
116
146
116
101
105
98
90
86

20
23
25
24
26
26
21
26
25
28
26
21

26
31
33
33
35
34
30
31
31
31
29
26

30
30
32
31
33
33
30
29
30
30
30
32

62.2
63.0
64.1
63.0
64.5
64.7
64.9
62.8
63.0
61.2
60.7
62.9

32.1
32.7
33.7
34.5
35.6
34.2
33.1
33.0
33.0
33.3
32.6
32.2

97.8
98.6
101.4
101.2
102.4
98.6
97.3
98.3
96.2
89.3
92.4
92.9

35.3
40.5
41.1
40.3
40.5
41.2
39.3
42.7
44.6
47.2
44.5
45.9

17.4
19.1
20.7
22.5
24.2
23.2
20.9
22.1
22.3
22.6
21.3
20.0

50.4
51.7
46.2
53.7
51.4
51.0
50.3
51.3
52.2
45.1
47.9
50.2

140, 955
153, 958
156, 721
160, 815
193, 088
154, 175
150, 500
145, 095
151,900
168, 372
172, 287
165, 496

168, 752
124, 584
168, 839
196, 490
204, 036
200,004
197, 227
171, 390
159, 944
201, 146
194, 392
222, 897

83, 181
71, 233
84,966
80,505
89, 726
82, 260
74, 017
79, 971
74,120
80, 562
74, 851
79, 777

33
30

111
Hi

100
102

131
146

20
33

28
36

31
35

66.4
67.6

32.4
34.3

95.6
96.3

43.5
47.1

19.1
21.4

52.7
54.2

157, 870

160, 973
138,647

80, 576
70,805




i Adjusted for seasonal variations.

»Of forert products.

14

SURVEY OF CURRENT BUSINESS

April 1935

Iron and Steel
an average rate of output of 51.61 percent of
FROM
capacity in February, the production of steel ingots
has shown a contraseasonal decline during March.
By the final week of March, the estimated rate of production was 46 percent of capacity and for the month,
the indicated rate of output is about 48 percent.
Trade sources report that buyers are purchasing cautiously. Automobile manufacturers are no longer
pressing for deliveries and no large volume of orders
for the heavier rolled products has materialized. Scrap
prices have weakened in all important consuming
centers.
While steel ingot production for February was less
than in January because of the fewer number of working days, daily average output increased 9 percent.
February output was about one-fourth above the corresponding month of 1934. Activity in the lighter
rolled products has continued at high levels. Producers of full finished sheets have operated close to
capacity and tin plate mills have produced at a rate
in excess of three-fourths of capacity; at the close of
March they were producing at about 85 percent of
rated output.
A production of 8% million tons of steel ingots in
the first quarter of the year is indicated by the data
now available. This represents an increase of onefifth from the corresponding months of last year.
Purchases of rails up to March 19 were only 90,000 tons
as compared with a total output of over 900,000 tons
in 1934. Fabricated structural steel awards through

March 19 were about one-sixth less than in the corresponding period of 1934.
Shipments of sheets by independent manufacturers
were at a lower rate in February than in January.
New orders received declined sharply from 322,000
tons in January to 183,000 tons in February. Finished
products shipped by the United States Steel Corporation were over 20 percent higher on a daily average basis
than in January and were 51 percent above shipments
in February 1934. Machine tool orders, after 2 months
of good volume, declined to about the November total.
The daily rate of pig iron output at 57,448 tons was
21 percent higher than in January. Despite the fewer
number of working days in February, the total production for the month was 9 percent above January.
At the end of February the number of furnaces in blast
had risen to 96, or 6 more than were in use a month
earlier.
Conflicting reports on the basing point system of
pricing steel have been released by the N. R. A. and the
Federal Trade Commission. The latter report urges
the complete abolition of the basing point system in
favor of an f. o. b. mill system. The N. R. A. report
urges the retention of the present policy but with
an increase in the number of basing points. Trade
sources report that the possibility that some compromise which will be advantageous to consumers will
result before June 16, the final date for the renewal of
the code, has influenced buying policies. The anticipated stimulation to buying from the renewal of existing prices for the second quarter has not materialized.

IRON AND STEEL STATISTICS
Iron ,Jind •
si<

Genera! operations

EmPay
Produc- ploytion, ment, rolls, Exunadadad- 1 justed ports
justed i justed

Year and month

Monthly average,
1923-25 = 100
1929' Februa y
1930' Februa v
1931: Februa v
1932' Februa v
1933: Februa v
1934:
January
February
.
March_,
April
May
_
June..
July
AugustSeptember
October
November
December
1935
January
February _ _ _

1'^

IPi) i

1H

97. 3
74. 9

71

r/j. i

4*. 9

_ _
. .

»S

Thousands of long
tons

1(K 1
L»U.5
ft). 4
J

\ 1. 1
21.*

41.1
45.7
51.3
56.8
61.3 ;
62.6 !
47.6

L',0
197
9!
40
01

."^
i]
L'>
27
20

3 2rO
2, s 3'J
1 , 707
901
.Mi

23
25
38
27
29
25
18
32
24
20
35
20

23 I!
29

56
63
66
76
84
85
47
38
37
41
48
64

64.9
66.4
69.1
71.5
74.3
76.3
71.4
68.8
65.4
65.6
66.4
67. 7

41.1
42.8 1
44.2 !
47.6 |

178
151
261
202
242
219
233
243
301
220
299
2 S3

79
79

69. 4
70.4

51.9 i
58.9

229

1

Adjusted for seasonal variations.


Pig iron

45.5 ;

8

Furnaces
in
blast

Number

Steel ingots Steel sheets* ! United
Prices
States
Steel
CorpoStc(>i
ration, frnn
billets, Steel Finished
ProNew Ship- finished ?J?? Besse
steel,
prodduc- Per- or- ments
steel
- scrap
sieei,
(Chicomucts,
tion cent ders
com- 3 |/^VA
cago)
posite
nrittito
'
(
"!"&shipof
posite burgh)
ments
capacThou- ity
Dollars
sands
Long
Thousands of
Dollars per long ton
per 100
of Ion?
short tons
tons
pounds
tons

207
179
108
04
-35

4, H29
4, 035

1,215
1,264
1,620
1,727
2, 043
1,930
i 1,225
!| 1,054
'!
898
i,
951
l!
957
1 ; 1,028

,477
1,609

'

(

3S9

T, 4S1
1,073

>2
,S4
50
27
21

Si

320
241
179
117
73

87
89
96
110
117
89
75
62
62 !
65 ;
59
69

1,971
2,183
2,761
2,898
3,353
3,016
1,473
1,364
1,252
1,462
1,589
1, 942

33
41
46
53
56
53
27
23
23
25
28
35

209
184
158
272
246
115
73
66
77
103
133
193

90
96 |

2,74?

47
52

322
183

Black, blue, galvanized, and full finished.

203
169
108

i

275, 929

35. 96
34. 92
31.64
29. 24
27. 94

33. 25
33. 00
30. 00
27.00
26. 00

15. SS
13. 31
10.06
7. 16
5.25

2. 55
2. 43
2 22
2. 11
2.10

131
147
201
184
241
302
85
78
73
95
109
142

331, 777
385, 500
588, 209
643, 009
745, 063
985, 337
369, 938
378, 023
370, 306
343, 962
366, 119
418, 630

31.15
31.30
31.38
32.67
32.97
32.96
32.32
32.24
32.15
32.10
32.15
32.39

26.00
26.00
26.00
26.75
29.00
29.00
27.40
27.00
27.00
27.00
27.00
27.00

10.50
11.00
12.13
11.75
10.95
9.75
9.55
9.19
8.50
8.75
9.25
10.31

2.31
2.31
2.31
2.40
2.53
2.53
2.46
2.44
2.44
2.44
2.44
2. 44

206
201

534, 055
583,137

32. 58
32.54

27.00
27.00

11.80
11.25

2.44
2.44

1,141,912

702, 522
413,001

3 See table on p. 19 of the January 1935 issue.

15

SURVEY OF CURRENT BUSINESS

April 1935

Textile Industries
HE trend of activity in the textile industries has
T
been downward in recent weeks. The sharp break
in cotton prices in the middle of March was reflected

ago. Weaving operations in the cotton manufacturing
industry were moderately higher in February. Gray
goods were produced at the rate of about 130,000,000
yards per week, and for the month total production
was 2.5 percent larger than in January and 3 percent
above February 1934. Sales were about 7 percent
below the January total.
Rayon deliveries in February were considerably
below the record established in January. Production
was maintained on a high level, however, and the
trends of both sales and production so far this year
have been relatively favorable.
Employment in the various branches of fabric production increased by more than the usual seasonal
amount, with the exception of the dyeing and finishing
group and the silk and rayon goods group. Among
wearing apparel manufacturers, more-than-seasonal
gains were reported in all lines except two.
Wholesale prices of textile products declined moderately during the first 3 weeks of March. For the week
ended March 23, the Department of Labor index stood
at 68.8 percent of the 1926 level, the lowest figure
since the week ended July 29, 1933. The index
drifted down gradually throughout 1934, recovered
slightly in January 1935, and resumed its downward
tendency early in February. With the exception of
wool, raw material prices were steady throughout
February. During March all raw material prices
moved lower, the decline in raw cotton and raw silk
being particularly severe.

in generally unsettled conditions in cotton cloth manufacturing and sales which had earlier shown evidences
of a decline. Sales of cotton fabrics have been below
the output since December and stocks have increased
moderately. Price weakness was also evident in the
other textile markets. The woolen industry has
shown a more favorable trend than have the other
branches of the industry.
After adjustment for the smaller number of working
days and the normal seasonal changes, the Federal
Reserve Board's index of textile production declined
3 points to 100 percent of the 1923-25 average in
February. Activity in the industry was about 10 percent higher than in February 1934.
Although daily average wool consumption in February was about the same as in January, machine
activity increased sharply. A similar situation existed
in January, the increase in machine activity over the
preceding month having been much greater than the
increase in wool consumption. Consurnption of woo]
by the woolen industry during the first 2 months of
1935 was about the same as in the precode rush of
June-July 1933. Machine activity, however, is currently not as high as it was in the earlier period,
although considerably higher than a year ago.
Cotton spindle activity in February declined 2.3
percent, the rate on a single-shift precode basis receding
to 100.2. This compares with a rate of 101.5 a year

Monthly average,
1923-25 =
100

Cotton,
raw
a
p

ii
i
Running
bales

1929- Feb iarv
1 1 4 591, 720
1930: Feb lary
100 494, 396
193T Feb iarv
95 433, 376
1932- Feb iarv
80 451,239
1933- Feb iarv
83 441,203
1934:
87 508, 021
January _ _ _ .
91 477, 046
February
94 544, 870
March
90 512, 594
April
88 519,299
May
77 363, 262
June .
78 359, 951
July
81 420, 949
August
64 295, 960
September.
90 520, 310
October
November
87 477, 060
97 413, 535
December
1935:
103 546, 787
January
February
100 478, 291

1
Adjusted for seasonal variations.



Cotton and manufactures
^
'>

Is

£0
X5**

.£'Sk

QC

Cotton cloth
J
finishing
o

11
£

6, 973
6,692
7,706
7,259
7,268
5,241
5,152
5,753
3,716
7,185
6,703
6,027

"is
£P

«e£
2 e

"c^

«-§
5* s

Millions of Thousands of
spindle
yards
hours
8, 223
7, 087
fi, 1 22
6, 567
6, 286

it
4> w
I

C

§

1
3
i
w

Month- Thouly avsands
erage,
of
1926 = pounds
100

_ __ ,

99, 901
104, 920
131, 426
122, 951
114,803
83, 414
75, 833
84, 499
90,772
126, 384
114, 139
107, 379

8

Wool

106, 280
104, 949
99, 614
106, 388
107, 128
118, 034
109, 756
101, 057
101,083
108, 830
111,758
107, 585

7,510 120, 203 100,008
6, 575 117, 800 97, 232
1
Printed only.

Wool manufactures
S

$S$S?\ !™
C
&•

1
i

I
0

s£

it

&

sg£

Percent of active hours
to total reported
69
59
54
51

59
41
30
22
36

69

50
48
44
39
40
29
31
26
21
35
48
65

32
39
38
40
41
30
26
24
18
34
29
26

63
69
66
55
56
54
53
51
28
45
48
63

W h o l e s a l e price,
»vool<Mi and worsted
goods

fear and month

Production indct, adjusted i

TEXTILE STATISTICS

47, 993
38, 330
38, 420
34, 426
33, 278

82
61
66

86.5
88.6
89.1
88.2
86.3
86.0
85.1
86.4
87.8
86.6
84.4
84.3

35, 968
34, 348
36, 119
29, 889
28, 213
26, 213
27, 254
28, 495
23, 467
34, 065
44, 858
57, 065

65
76
75
70
68
71
71
72
45
63
66
71

84.1
83.3

28
81
74
73.8
58, 370
85
88
51,616
73.6
92
31
71
' Grease equivalent; see note on p. 54.

60

M
1
c

91. 3
84.2
73 5
63. 1

,-,3.2

Operations, machinery activity

6

w

Isu

x*

1

I

fi

Percent of active hours
to total

46, 22S
49, S52
54 242
l.\ 909
32, 665

!
!
I

84.3 40, 942
84.3 39, 021
84.0 44, 080
82.0 , 37, 392
81.0 38, 740
80.8 33, 069
80.7 32, 021
78.9 36, 247
78.0 32, 599
74.9 49, 106
74.1 37, 548
74.0 40, 941

52.8
64.3
62.3
54.7
38. 1
46.5
42.9
4L7
25.0
48.1

cS*
at*

rj

32.0
37.0
36.6
35.7
29.0
25.6
24.9
29.7
18.7

Twisting spindles.

Dollars
per
pound
5. 096
4. 433
2. 709
J.891
1.201

!
!

47, 443
41, 732
4

i$*

1£
a rc

If £ - ~
If £ ^ ~

e

1
"si

Monthly av- Bales of
erage,
1926 = pounds
100

99. 8
92. 8
73. 1
of). 4
49.1

59
61
68

Silk

56.0
62,5
59.7
48.6
31.5
40.0
41.5
40.3
28.0
43.2
44.4
46.8

1.453
1.550
1.405
1.318
1.284
1.199
1.139
1.133
1.125
1.185
1.292
1.358

55.0
51.3

1.348
1.432

SURVEY OF CURRENT BUSINESS

16

April 1935

Some Fundamental Factors in the American
Rubber Industry
By E. G. Holt, Assistant Chief, Leather and Rubber Division

VALUATION of the position of any industry
properly involves consideration of its raw mateE
rials. Tliis is especially true of the domestic rubber

concentration has actually occurred, more particularly
in the larger items of production. The concentration
in the tire industry has been pronounced during the
industry. From the discovery of vulcanization in post-war period. In 1921, there were 178 plants
1839 by Charles Goodyear, until 1910, rubber from engaged principally in tire manufacturing, whereas
wild trees and vines growing in the jungle supplied in 1933 the number was 44 and in several instances
the needs of the world. The price of rubber during one company controlled two or more plants.
The last three columns of table 1 show that whereas
the earlier part of this period was in the neighborhood
of 25 cents a pound, and for the entire period the the average consumption of rubber and reclaimed
trend of prices for rubber and rubber products was rubber was fairly well maintained in 1931 and 1933,
irregularly upward. During the first decade of the the cost of all materials used, and the value of finished
twentieth century the price of rubber averaged well goods, diminished greatly. The average wage earners
over a dollar a pound and did not fall below 50 cents per establishment declined very sharply in 1931 but
a pound until 1919. The rubber manufacturing indus- recovered in 1933. Considering the very low rate of
try was established on the basis of high-priced raw operations in the first 4 months of 1933, and the shorter
material, and this fact, taken in connection with the hours adopted in many rubber factories, it is not
fluctuation in crude rubber prices since 1919, is pri- surprising that average wages per employee declined.
marily responsible for the current financial position
Table 1.—Summary Data—United States Rubber Manufacturing
of the industry.
Industry
The Crude Rubber Background

Plantation rubber, which first appeared in 1900,
became of sufficient importance to check the orgy of
rubber speculation in 1910 when the price temporarily
exceeded $3 a pound, and was responsible for the subsequent gradual decline in prices until 1920. Real overproduction was then experienced for the first time,
and combined with the post-war trade slump brought
the price of rubber to \\% cents in July 1921. This
situation led to the Stevenson restriction scheme, by
which exports of rubber from British Malaya and
Ceylon were controlled from 1922 to 1928. The
operation of the scheme resulted in a wave of speculation which in 1925 forced the price temporarily to
$1.20 a pound. American manufacturers formed a
buying pool to protect themselves against such wide
price fluctuations, and during the year and a half
ended December 1927, the price of rubber was relatively stabilized between 35 and 45 cents. This brief
interval was the only period of real prosperity in the
manufacturing industry since 1919. With the end of
the Stevenson scheme in 1928, rubber prices declined
50 percent and the subsequent increase of production,
together with the world depression, resulted in the
record low price of 2% cents a pound in June-July
1932. Since then an international rubber regulation
agreement has been negotiated and made effective,
and under its influence, together with world industrial
recovery and devaluation of the dollar, the price of
rubber has risen to the recent level of around 11-13
cents a pound in New York.
Summary Data on Rubber Manufacturing Industry

The number of establishments in the industry as a
whole, reported in the biennial census of manufactures,
declined from 530 in 1925 to 408 in 1933. The growth
in size of establishments shown in table 1 under tonnage consumption of crude and reclaimed rubber is
indicative only to a small degree of the extent to which



Average per establishment
Year

1889
1899
1904
1909
1914
1919
1921
1923
1925
1927
1929
1931
1933

Number Wages
of estab- per emlishments ployee

167
301
265
267
342
477
496
529
530
516
525
453
408

Dollars
1430
422
458
510
597
1,222
1,197
1,321
1,348
1,395
1,390
1,134
933

Crude
Num- Unit and
reber of horse- claim
wage power consumpearners
tion

121
122
166
185
216
332
208
260
268
275
284
219
260

Tons
163
236
328
459
584
900
(2)
1,145
1,244
1,533
1,564
(2)
(2)

(2)
(2)
(2)
(2)

263
615
446
746
991
1,045
1,274
1,036
1,191

WholeTotal
cost of sale value
of
prodmaterials
ucts

Thousands of
dollars
157
200
302
460
477
1,246
762
947
1,360
1,280
1,103
558
521

Thousands of
dollars
257
332
559
739
880
2,386
1,421
1,812
2,380
2,374
2,129
1,356
1,159

1 Estimate.
Data not available.

2

Source: Bureau of the Census and Bureau of Foreign and Domestic Commerce.
Profitless Operation of Rubber Manufacturing Industry

According to the income tax reports, the rubber
manufacturing industry as a whole had a net income
(after taxes) amounting to only $25,107,000, or 0.148
percent, on a gross income of $16,918,535,000 during
the 15 years 1918-32, inclusive. Losses on rubber price
fluctuations were an important factor since these
tended to offset such profits as arose from the constantly
mounting volume of business.
Not all divisions of the industry were equally affected by the adverse conditions prevailing during this
period, and the general situation in any division of the
industry did not necessarily apply to each individual
company. Table 2, based on income-tax returns, shows
that the tire division made far less profit in 1927-29
than the much smaller remainder of the industry,
and that it suffered a greater percentage (4.65 percent
deficit) loss in 1930-32 than other divisions (4.15 percent deficit). The table also indicates the severe

SURVEY OF CURRENT BUSINESS

April 1935

decline in the dollar volume of business in the latter
3-year period as compared with the former.
Table 2.—Profits of Rubber Corporations, 1927-32
[In thousands of dollars]
Tire corporations

Other rubber
corporations

Item
1927-29
Total gross income .
Corporations reporting net income:
Gross income
Net income
Income tax
Net less tax
Corporations reporting no net income:
Gross income
Deficit
Net income less tax and deficit

1930-32

1927-29 1930-32

3, 562, 604 2, 129, 856

571,084

367, 008

2, 297, 438
115,766
13, 627
102, 139

907, 622
18, 620
1,852
16, 768

490, 501
47,911
5,556
42, 355

158, 646
9, 680
1, 087
8,593

1, 265, 1£6
93, 325
8,814

1, 222, 234
115, 876
-99, 108

80, 583
8, 77.1
33, 584

208, 362
23, 834
-15,241

NOTE.—Minus sign (—) indicates net deficit.
Source: Income Tax Unit, Bureau of Internal Revenue.

The classification of a corporation as a "tire corporation 7 ' merely means that the majority of its business
was in tires. In the last decade the tire corporations
have branched out into other products more and more,
particularly in lines lending themselves to mass-production methods. The extreme low prices of rubber
have also led to its utilization to an increasing degree
by corporations not classified in the rubber industry,
and consequently it has become difficult to determine total annual rubber consumption data for recent years.
Taxes Paid by the Industry

The unprofitableness of the rubber industry has made
it a meager source of income tax revenue to the Federal
Government, the average yearly income tax paid being
$6,394,000 in 1927-29 and $980,000 annually in 193032. In July 1932, a manufacturer's excise tax became
applicable to sales of tires and inner tubes, yielding
$7,545,071 in the last half of 1932, $23,836,119 in 1933,
and $24,704,078 in 1934; this tax amounts on the average to nearly 50 cents a tire and 10 cents an inner tube
and in 1933 was equivalent to an ad valorem rate of
9.33 percent on the total value of production. The
income-tax reports show that in the years 1927 to
1930, inclusive, local taxes (not including Federal income tax) paid by the rubber corporations averaged
$8,800,000 annually with little variation.
Bonded Debt, Depreciation, and Inventory

The bonded indebtedness for rubber corporations as
a whole amounted to 15.7 percent of their gross sales
in 1926, 25.3 percent in 1930, and 36.2 percent in 1932,
according to the income-tax reports. Capital assets
of the industry were reported at $551,000,000 in 1926,
$491,000,000 in 1930, and $421,000,000 in 1932, depreciation being charged off at a rate ranging between 5.19
percent to 8.12 percent and averaging 6.56 percent
annually, from 1924 to 1932, inclusive.
The inventory figure reported for the industry has
shrunk each year since 1926, when it was $341,000,000,
being reported at $132,000,000 for 1932, although the
tonnage of rubber held increased heavily each year
from 1928 to 1932. In the same period, total assets
likewise show a continuous decline from $1,561,000,000
for 1927 to $1,214,000,000 for 1932.
?.
122479—35


17

Recently Improved Financial Results

Despite these conditions, and with interest payments
on bonded indebtedness and on notes and accounts
payable averaging above $25,000,000 annually from
1922 to 1930, inclusive, not all the corporations were
operated at a loss, and cash dividends were paid out
each year, but in decreasing amounts; the average for
1927-29 was $44,000,000, and for 1930-32 was $30,000,000 ($44 000,000 in 1930, $27,000,000 in 1931, and
$19,000,000 in 1932).
From a special analysis of income-tax reports it
appears that 26 rubber corporations accounted for 70
percent of the business of the industry from 1919 to
1928, and that on the average they reported better
operating results than their smaller competitors.
The year 1932 shows the situation in the industry at
its worst; for 1933, preliminary official reports indicate
that the industry earned a small net income (after
taxes) for the first time in 4 years, and 1934 financial
reports of leading corporations indicate that some
further improvement was made last year. This is in
part due to inventory appreciation and in part to
improved volume of business, particularly in original
equipment tire sales.
Need for Stability in Price of Rubber

The cry of the industry in 1910 was for stability in
the price of rubber. During the life of the Stevenson
restriction scheme, tire manufacturers not only urged
continuously their need for sufficiently stabilized material prices to enable them to devote themselves to
problems of manufacture and distribution, but even
went to the extent of providing for such stability (while
the scheme continued effective) through a rubber
buying pool. Because the United States rubber
requirements are wholly imported, international exchange rates have an important price influence. Because the commodity is historically subject to wide
price fluctuations, it is followed closely by speculative
interests. These factors militate against the desired
price stability. Nevertheless, the plantation rubber
industry seems to be groping toward orderly distribution and pricing of its commodity, and it is not unlikely
that, having passed youthful boom stages and subsequent depressions, the natural trend toward balance
may aid them to attain a more uniform price than has
characterized recent rubber history.
Alternative Sources of Raw Material

The dependence of the industry on foreign sources
of rubber, the fact that huge quantities of worn-out
rubber products accumulate here where half of the
world production of rubber goes into consumption, and
the high rubber prices prevailing until recent years,
resulted in the development of what has become a
most important adjunct to the rubber manufacturing
industry. Keclaimed rubber made by the acid process
was first produced in this country about 1871, and the
alkali process of recovery was invented early in the
present century. It is said that in 1910 new rubber
was very sparingly used except tn tire treads, and that
on the average two times as much reclaim as crude
rubber was consumed in the rubber industry as a whole.
The reclaiming industry suffered a severe blow in the
1921 depression, but during the Stevenson restriction
scheme use of reclaim was again popularized, and its

18

SURVEY OF CURRENT BUSINESS

true intrinsic value as a compounding ingredient became generally recognized. The use of over 20 percent as much reclaim as crude during 1932, when the
average price of rubber was 3K cents, furnished convincing evidence of the real place reclaimed rubber had
won for itself, and during the latter part of 1933 and
during 1934 the percentage use of reclaim increased
gradually but steadily. It is possible that the new
rubber restriction agreement may result in an increasing foreign demand for reclaimed rubber produced in
this country.

April 1935

Table 3.—Tire Prices and Tire Price Elements, 1919-33
Price elements
Year

Unit price
Materials

1919
1921 .
1923
1925
1927
1929
1931
1933

..

$18.25
13.49
9.93
11.07
10.00
8.12
6.38
4.87

$9.71
7.93
5.63
6.71
5.74
4.53
2.73
2.27

Labor
$2. 90
2.04
1.68
1.44
1.38
1.34
.99
.89

Other costs
$5. 64
3.52
2.62
2.92
2.88
2.25
2.66
1.71

Technologic Achievements Scarcely Paralk-led

The record of achievement in the technological developments of the rubber manufacture is perhaps not
exceeded in any other major industry. Fabrics proofed
with rubber, and rubber footwear, were among the
early products; belting, hose, and other types of
mechanical rubber goods developed somewhat later.
The pneumatic tire industry gained headway during
the nineties and the automobile tire industry, which
today accounts for the bulk of rubber consumption,
reached maturity only about 10 years ago. Fabric
clincher tires with an average life of 0.85 year were
succeeded in 1920 by straight side high pressure cords
which lasted 1.5 years; these cords were succeeded in
1925 by the first balloon tires with an average life of
2.25 years; these in turn are now being replaced by
low pressure tires with an average life already approaching 3 years. The desire of consumers for
trouble-free tires and the competition between manufacturers for a volume of business that would keep
their plants as near capacity output as possible, combined to make quality (next to skillful rubber trading)
the keynote of success in the industry. The tires of
today average around 18,000 miles in service,, at least
six times the mileage rendered by the average tire
before 1920.
In view of the decline in rubber prices, one would
expect the price of tires to have declined considerably
in recent years. In this connection, however, it should
be borne in mind that the other principal materials
used in rubber manufacture-—-cotton, sulphur, carbon
black, zinc oxide, reclaimed rubber, and other compounding ingredients and plasticizing agents-—-have
declined in price much less than has rubber. Further,
since the price data are computed in terms of the
average tire, one must allow for the fact that the
average tire of today weighs more than it did 15 years
ago; an increasing number of large sizes of tires for
trucks and busses, for example, have been produced
during the past 10 years.
Tire Price Reductions Since 1919

Analysis of the data of the Bureau of the Census
shows that labor costs, and "overhead and other
costs", in the tire industry have declined much the
same as material costs; practical finance seems to
have operated to maintain a fixed ratio in respect to
material, labor, and other costs. The success of the
industry in keeping labor costs approximately in line
with the very sharply declining price of materials
certainly indicates outstanding progress in manufacturing technique. Analysis of table 3, however,
wall show that in 1933 wages in the tire industry represented 18.3 percent of the total value of production,
as compared with only 13 percent in 1925, and 15.9
percent in 1919.



The improved and heavier tires of 1933 were sold
at 27 percent of the prices at which the less durable
product of 1919 were marketed. A sixfold increase
in mileage, accompanied by a quartering of the selling
price, while the material content of the average tire
doubled, is the striking accomplishment of the tire
industry over the past 15 years.
Tire Distribution Changes Rapid

In the field of marketing, the tire division of the industry has utilized every channel of distribution. In
1920, retail sales were made almost wholly through socalled independent tire dealers and dealer-jobbers.
Mail order houses, automotive supply chain stores,
stores operated by tire manufacturing companies, and
oil company filling station chains have one after another
taken a share of the business away from the independent dealer or from one another, and a respectable
volume formerly handled by the dealers now reaches
the consumer in the form of spare tires on new automobiles arid through direct shipments from factory to
large accounts. While there are today fully 180;000
retail outlets for tires in the United States, some
15,000 of the larger outlets probably account for about
two-thirds of the total renewal sales.
In recent years there has been complaint from small
distributors against discount and net price practices of
rubber manufacturers on sales to large distributors.
Just as lack of stability in raw material prices has been
detrimental to the rubber manufacturing industry,
so has lack of uniformity in wholesale tire prices to
distributors been a disturbing factor in the field of distribution.
This situation in distribution is not peculiar to the
rubber trade—the mass distributor has similar purchasing* advantages in most lines—but in the case of
tires, sales being predicated on possession of an automobile by the consumer, the distributor selling at a
low price usually dominates more territory than, for
example, in the case of footwear or clothing, where the
average consumer is more limited in his buying radius.
Further, standardization of tire sizes makes products
of different companies freely interchangeable in use;
tires are bought for utility rather than for appearance;
consumers lack any means of determining relative
quality except through experience in service; and the
products of the principal manufacturers are, in public
acceptance, of more or less equivalent quality. For
these reasons, tire distribution has perhaps been affected
by wholesale price conditions more than most other
commodities. Retail price lists have often been
merely a basis for discounts
and allowances. Under
the tire code, attempts wrere made at retail price maintenance, but these were finally abandoned.

19

SURVEY OF CURRENT BUSINESS

April 1935

SILK PIECE GOODS '
[Yards per loom]
1923

1924

1925

1926

1928

1927

1929

1930

1931

1932

1933

1934

Month

Production
January
February
March
April
IVtay
June
July
August
September
October

._._

December

-- -

-

- -

- - -

Monthly average

-

-

214.8
221.8
239.9
232 3
274.2
268.5
246.7
249.2
258.0
279. f>
266.2
257.6

307.0
269.6
277.8
257.7
253.3
240.6
225.5
264.3
271. 0
332 2
300.0
316.8

250.7

276.3

\

323.8
331. 3
367.1
377.4
327.9
317.5
324.8
366.4
348. 4
395.3
355. 4
365. 3

405. 5
376. 1
367.3
308. 0
301.6
297.1
309. 4
322.3
365. 8
388. 4
377. 6
446. 7

399.6
387.0
444.7
363. 0
373. 1
381.8
320.2
371.9
352.0
390. 3
420.7
417.1

433.0
456.9
444.6
375.4
403.1
391.4
370.2
415.8
392.7
489.8
442.0
419. 2

456.1
443. 9
440.3
439. 1
453.1
442. 5
428.0
463.3
461.3
547. 5
467. 9
440.1

494.3
469.0
491.6
433.3
406.7
340.5
348.6
358.5
376.7
453.6
413.7
462.4

475. 3
499.3
497.6
479.0
418.7
392.6
406.1
395.5
480.3
474.9
414.7
482.7

495.6
436.3
374. 8
310.6
220. 1
223. 0
238.9
383.5
488.6
465.5
458. 3
485.8

497.2
443.7
390.3
366.8
482.4
480.0
419.1
400.2
331.1
283.1
323.2
327.0

364, 0
416.0
446,. 6
344. 9
269,, 7
296. 3
270.0
292,, 0
174,. 7
320,. 2
325. 6
320., 9

350.1

355. 5

385.1

419.5

456.9

420.7

451.4

381.8

395.4

320,. 1

Shipments
January
February
March
April

-

- -

-

JVIay

June
July
August
September
October
November
December

-

_

_

- - -

M!onthlv average

265.8
255. 6
255. 1
268.6
253.1
285.8
229.6
328.8
237. 3
266. 6
214.1
228.0

350. 7
293. 6
239. 9
280.1
233. 1
232.4
275.7
278.0
312.0
311.0
270.9
310.2

341.0
393.9
407.1
364.8
253.9
250. 9
297.4
310.4
311.5
231.2
394. 1
354.2

383.2
372. 2
411.5
306. 3
357.5
265.6
334. 5
375. 5
396.9
308. 5
311.5
408.8

420.3
440.2
487.3
361.6
317.7
377.6
316. 5
' 386.8
337. 6
349. 4
355. 1
391.4

488. 9
482. 8
491.8
371. 0
350.6
328.7
307.8
382.3
j 380.5
387. 0
~ " 361.3
414.6

565.5
506.9
579.7
486.9
405.1
391.4
365.1
460. 2
432.6
452.3
384. 0
412.0

549. 2
495.4
544.2
517.8
459.3
279. 0
311.1
421.5
454. 6
429.1
393. 1
434.8

561. 0
514.9
590.7
599.5
415.4
416.1
370.9
469.4
470.2
379.7
377.2
471.8

478.8
416.0
503. 3
453.9
330. 4
277.9
268.2
586. 5
591.3
426.0
424.5
468. 7

515.3
450.4
472. 9
550.5
548.3
522.0
509.6
357.3
351. 5
253. 1
276.4
333.0

458.5
412.4
445,8
390. 2
357.7
257. 8
286. 9
400.3
318.5
325.9
367.6
399.4

257.4

282. 3

325.9

352.7

378.5

395. 6

453.5

440.8

469. 7

435.5

428.4

368.4

Stocks, end of month
January
February
]V[arch
Apr'l
May
June
July
August
September
October
November
December

-

- - -

- -

- -

-

- -

-

- --

- -

--

- - - - -

Monthly average

688. 1
654. 3
639.1
602.8
802.9
785.6
802.7
723.1
743.8
756.8
808.9
838.5

850. 6
813.7
844. 7
814.8
834. 6
861.0
802. 6
769.4
734. 2
763.1
793. 1
804.7

787.2
722.8
673. 0
671.2
779. 8
842.8
870.0
931.8
943.1
1,119.3
1, 073. 0
1, 082. 5

1, 078. 5
1, 075. 5
1, 062. 3
1, 067. 4
1, 004. 9
1, 037. 2
1,019.9
961.9
930.8
1, 009. 7
1, 172. 6
1, 362. 1

1.327.0
1, 268. 9
1, 185. 3
1, 167. 6
1, 209. 7
1, 214. 4
1, 229. 0
1,215.8
1, 357. 7
1, 410. 1
1,478.9
1, 500. 2

1, 460. 4
1, 3S9. 1
1, 338. 3
1. 335. 4
l', 390. 9
1, 476. 1
1, 536. 5
1, 583. 1
1, 574. 0
1, 692. 7
1, 803. 4
1, 799. 4

1, 682. 5
1, 605. 0
1, 472. 9
1, 425. 3
1, 480. 2
1, 522. 7
1, 622. 6
1, 632. 7
1, 652. 0
1, 746. 7
1, 796. 6
1, 818. 7

1, 769. 2
1, 764. 4
1, 698. 3
1, 622. 9
1, 443. 3
1,531.7
1, 658. 2
1, 557. 0
1, 472. 7
1, 512. 2
1, 525. 7
1, 578. 3

1, 498. 6
1, 467. 2
1, 396. 6
1, 271. 6
1, 283. 1
1, 282. 8
1,318.3
1, 242. 0
1, 234. 5
1, 328. 0
1, 357. 8
1, 349. 1

1, 377. 2
1, 428. 6
1,310.9
1, 267. 8
1,203. 1
1,213.4
1, 240. 5
1, 072. 5
998.8
1, 032. 9
1,081.9
1, 125. 8

1, 140. 2
1, 171. 1
1, 096. 1
932.3
902.9
890.9
818.6
771.8
726.3
785.8
880.3
898.7

811.8
831.0
901. 1
937.7
890.3
977.3
1,004.5
952.2
818. 6
830. 9
853. 8
787. 5

737.2

807.2

874. 7

1, 065. 2

1, 297. 1

1, 531. 6

1,621.5

1, 594. 5

1, 335. 8

1, 196. 2

917.9

883. 1

1

Compiled by the Siik Code Authority (The National Federation of Textiles, Inc.) from reports of stock carrying mills only. The statistics are shown on a per loom
basis in order to present comparable data, sines the looms covered by the statistics varied ovor this poriod. Current data represent mills which have approximately 50,000
looms. Commission weaving mills are not included, but available data for these mills for March 1934 and following months are presented on p. 54 of this issue. The commission mills reporting have about 15,000 looms. The 2 reports are estimated to cover about 85 parcent of the looms oparated under the silk code. The monthly figures
shown above for the period 1929 to date are identical with those shown in the table on p. 23 of the August 1931 issua. This table extends the record back to 1923.

DEPARTMENT STORE SALES '—CHICAGO FEDERAL RESERVE DISTRICT
[Monthly average, 1923-25=100]
Month

1923

1924

1925

1926

1927

1928

1929

1930

1931

1932

1933

1934

UNADJUSTED

January
February
March
^pril
May
June
July .
.
August
September.
October
November
December. _.
Monthly average

;

-

-_ -_
.
-

80.6
72.5
97.4
98. 1
102.2
103.2
70. 0
84.0
94.6
116.8
111.9
157.8
99.1

85.6
81.1
89.3
105.5
99. 1
93.1
69.8
75. 9
95.9
103. 6
113.2
163. 0
97.9

84.4
77.8
90.7
106.5
100. 0
100. 3
74.0
79.8
99.7
131.3
114.5
176. 9
103. 0

84. 1
80.7
102.6
103. S
112.2
105.4
84.3
84.9
111.8
119.8
120.9
185.3
108.0

85.1
88.0
102.9
114.3
104.7
106. 4
77. 1
93.5
107.0
121.9
125.8
189.9
109. 7

105.1
102.2
104.7
104.8
110.0
107.6
117.1
106. 1
108. 5
108.9
108.9
110. 3

106.4
111.4
113.1
107.6
102.6
108.6
107.1
116.9
103.9
110.8
113.3
113.0

90.1
91.2
108.6
108.5
116.8
112.0
84. 1
93. 6
122.1
129. 9
130.9
197.2
115.4

95.6
93.2
118.4
111.5
120.2
115.7
85.3
97.5
124.9
127.7
130.8
188. 1
117.4

87.8
84.6
95.4
117.2
109.4
95.7
69.7
81.0
105.2
109.8
103.5
164. 9
102.0

80.0
76.2
88.9
101.8
90.9
88. 1
63.4
67.6
84.5
88.4
80.9
132.7
87.0

57.3
59.2
67.7
71.9
66.9
64.0
42.8
48.6
66.9
68.5
64.4
96.5
64.6

45.7
43.6
50.7
61.2
66.4
65.8
46.6
62.3
72.7
72.9
67.7
109.3
63.7

56.0
57.5
74.5
72.2
77.5
72.5
50 6
65. 5
79.8
78.7
78. 2
126. 3
74.1

109.8
107.1
104.8
110. 6
107.8
97.7
96.8
101.3
102.1
99.8
93.2
98.2

100.0
96.5
93.6
99.8
89. 1
89.9
88.1
84.5
82.0
80.4
72.9
79.0

71.6
74.9
68.4
73.4
65.6
65.3
59.4
60.8
65. 0
62.3
58.0
57.4

57. 1
55.2
55.7
57.7
65.1
67.1
64.7
77,9
70.6
66.3
61.0
65. 1

70.0
72.8
76.0
72.9
76.0
74.0
70.3
81.9
77.5
71.5
70.5
75. 2

ADJUSTED
January
February
March
April
May
June
-July
August
September
October
November
December _

__
_

--

_ _ _

100.8
91.8
99.4
99. 1
100.2
105.3
97.2
105.0
91.8
106.2
100.8
93.9

107.0
102.7
98.1
99.5
97.2
95.0
96.9
94.9
93.1
94.2
102.0
97.0

105.5
98.5
99.7
100.5
98.0
102.3
102.8
99.8
96.8
119.4
103.2
105.3

112.6
115.4
114.3
106.4
114.5
114.3
116.8
117.0
118.5
118.1
117.9
117. 4

119.5
118.0
119.6
113.8
117.8
118. 1
118.5
121.9
121.3
116.1
117.8
112.0

1
Computed by the Federal Reserve Bank of Chicago, Department of Research and Statistics, and represent a revision of the statistics shown on p. 20 of the February 1935 issue
of the
Survey of Current Business. The reason for the revision of this series was that 1 store included in the old index was dropped, reducing the number of stores repre
sented
in this series to 81. For 1935 data see pp. 26 and 27 of this issue.


SURVEY OF CURRENT BUSINESS

April 1935

LABOR TURNOVER IN MANUFACTURING ESTABLISHMENTS'
[Monthly rates per 100 on pay roll]
Separations
Accessions
Month

Discharges

1939

1930

1931 1932

janaury
February
March
April
May
-_ _
7.53
June.-. .
July
6.53
6.12
August
7.10
September
5.27
October
3.91
November
3.13
December

3.95
3.94
4.15
3.55
3.28
2.92
2.51
2.71
3.27
2.56
2.05
2.13

2.97
2.82
3.67
3.06
2.79
2.41
3.02
2.60
3.58
2.75
3.63
3.29

1933 1934

4.15
2.75
2.75
2.76
2.59
2.70
3.01
4.21
5.04
3.72
3.07
3.07

3.48
2.56
2.22
4.87
7.21
10.21
9.48
8.59
5.53
3.97
3.71
3.37

5.81
6.71
6.33
5.18
4.19
3.58
3.71
3.24
3.61
4.09
4.32
6.14

Quits

1939

1930

1931

1932

1933

1934

1929

1930

1931

1933

1933

0.86
.88
.87
.85
.69
.66
.50

0.54
.62
.60
.53
.48
.46
.32
.36
.36
.32
.24
.21

0. 19
.20
.26
.31
.28
.23
.2,5
.22
.24
.21
.17
.16

0.19 0.15
.13
.18
.21
.14
22
.15
!l6
.18
.14
.26
. 14 .26
.31
.14
.14
.27
.14
.24
.22
.15
.15
.18

0.18
.19
.21
.23
.22
.18
.19
.19
.16
.19
.15
.15

2.70
2.50
2.83
2.57
2.68
2.14 3.00
1 49 4 17
1.49 3.99
1.42 3.14
3.06 2.88
2.81 2 77
2.35 2! 74

1.95
1. 75
1. 75
1.96
2.43
3.84
3 32
2.40
4.22
5.01
3.03
2.61

2.45
2.43
3.30
4.60
4.27
4.83
4.47
3.04
3.57
2.67
2.70
3.35

2.76 2.35
3.78 1.85
3.93 2.08
2.00 2.04
1 34 3 65
1.18 3.48
1 98 2.96
1.87 3.56
2.34 3.41
3.47 4.38
3.79 3.78
3.79 2.72

.42

.23

.21

.19

3.00

2.86

3.44

2.71

3.08 3.05 3.31 5.48 4.74

Mo av

Layoffs

.16

1934

1929

1930

1931

1932

1933

4.51
3.65
4.15
4.70
3.16
2.27
1.56

1.85
1.60
1.94
2.11
2.01
1.85
1.35
1.40
1.50
1.29
.90
.84

0.74
.74
.94
1.14
1.12
1.02
1.10
1.05
1.16
1.00
.72
.66

0.71
.71
.86
.91
.68
.66
.63
.67
.76
.65
.54
.56

0.65
.49
.53
.63
.84
1.03
1.25
1.22
1.65
.87
.78
.72

0.90
.85
.93
1.11
1.01
.94
.70
.75
1.55
.73
.62
.58

1.55

.95

.69

.91

.89

3.02

1934

i Compiled by the United States Department of Labor, Bureau of Labor Statistics. These data represent the monthly turnover rates per 100 employees in 144 manufacturing industries combined. The rates are computed from reports received from more than 5,000 establishments employing approximately 1,000,000 people. The figures shown
above supersede those that appeared in the Survey of Current Business on a quarterly basis for the period January 1932 to October 1934. They are comparable with the
statistics formerly shown but discontinued with the month of January 1932. The rates are computed to represent the arithmetic mean as the form of average for computing
turnover rates. In computing the mean the number of quits, discharges, layoffs, and accessions actually occurring during the month in all plants reporting are added. The
totals of these items are divided by the total average number on tie company pay rolls during the month. This gives the monthly quit, discharge, layoff, and accession
rates.

INTEREST RATES—FEDERAL LAND BANKS
(Percent]
Month
January
February _
IVIarch
April
May
June
July
August
September
October
November
December

-

_
-

---

Yearly average

1917

1918

1919

1920

1921

1923

1923

1924

1925

1926

1927

1928

1929

1930

1931

1933

1933

5.05
5. 05
5.04
5.04
5.04
5.04
5.04
5.04
5.04
5.04
5.15

5.29
5.29
5.33
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5. 50
5.50
5.50

5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.53

5.60
5.62
5. 62
5.76
6. 00
6.00
6.00
6.00
6.00
6.00
6.00
6.00

6.00
6.00
6.00
6.00
6.00
5.50
5. 50
5. 50
5.50
5.50
5. 50
5.50

5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50
5.48
5.48
5.48
5.48
5.48
5.39
5.39
5.39

5.35
5.35
5.35
5.35
5.35
5.35
5.35
5.28
5.23
5.20
5.20
5.20

5.18
5.12
5.12
5.12
5.12
5.12
5.10
5.10
5.10
5.10
5.08
5.06

5.06
5.06
5.06
5.05
5 04
5.04
5.04
5.04
5.04
5.04
5.04
5.04

5.05
5.06
5.10
5.10
5 13
5.20
5.29
5.35
5.44
5.51
5.79
5.79

5.79
5.70
5.58
5.58
5 58
5.58
5.61
5.63
5.63
5.63
5.63
5.63

5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63

5.63
5.63
5 63
5.63
5.63
5.63
5.59
5.58
5.58
5.58
5.58
5.58

5.58
5.58
5.58
5.58
5 58
5.58
5.14
5.00
5.00
5.00
5.00
5.00

5.00
5.00
5.00
5.00
5 00
5.00
5.00
5.00
5.00
5.00
5.00
5.00

5.05

5.45

5.50

5.50

5.88

5. 71

5.50

5.50

5.46

5.30

5.11

5.05

5.32

5.63

5.63

5.61

5.30

5 00

1934

i Compiled by the Farm Credit Administration, Division of Finance and Research, and supersedes data on this subject that appeared on p. 76 of the 1932 Annual Supplement to the Survey and in subsequent monthly issues through the issue for the month of February 1935. The rate shown above for each month is the average of the loan
rates of the 12 banks, no weight being given to the number of loans closed at the various rates. When a change of rate occurred during a month, the bank's average rate for
that month was obtained. Each rate in eilect during the month was weighted by the number of business days it was in force in computing this average.

PURCHASING POWER OF THE DOLLAR (FARM PRICES) '
[Monthly average, 1923-25 = 100]
Month

1913

January
February
_ .
March
April
May
June
_ _ _ .July
AugustSeptember
October
November
December ...
Monthly average

151.5
151.5
149.9
148. 6
149.9
-- 147.1
148.6
144.1
140.1
136.1
137.4
.. 140.1
145.6

1914

1915

1916

1917

1918

140.1
140. 1
141. 4
144.1
142.7
142.7
142.7
144.1
148.6
154.8
156.5
154.8
145.6

151.5
149.9
153.1
148.6
145.6
148.6
151.5
154.8
153.1
147.1
145.6
145.6
149.9

141.4 104.3
140.1 99.3
137.4 94.3
133.7 85.0
132.5 79.4
130.0 79.1
128.9 80.3
123.5 81.2
117.6 80.3
112.2 78.2
106.5 77.8
105.0 75.8
124. 5 84.0

1920

1919

74.2
73.5
73.9
74.6
75.0
76.2
74.6
71.0
69.0
70.3
71.7
70.7
72.8

71.4
74.6
74.6
71.4
69.0
69.0
66, 8
65.9
68.4
67. I
64. 8
64. 8
69.0

64.2
64.5
64.2
61.5
60.2
60.8
63.7
69.0
74.6
80.3
89.1
99.3
69.7

1921

1922

1923

1924

103.5
113.1
115.7
124.5
130.0
130.0
126.7
119.5
114.8
109.6
113. 1
113.1
117.6

119.5
114.8
113.1
113.1
109.6
108.1
109. 6
112.2
113.9
110.5
107.3
102.8
111.4

100. 7
102. 0
102. 8
102. 8
104.3
107. 3
108. 1
107.3
103. 5
102.0
100.0
99.3
103.5

99.3
100.0
105.0
105.7
107.3
106.5
105.7
100.0
104.3
100.0
101.4
99.3
102.8

1935
94.9
95.4
94.3
96.7
96.7
94.3
93.0
91.9
94.9
94.3
94.3
94.9
94.3

1936

1937

1928

1929

1930

1931

1932

1933

1934

96.1
96.7
98.6
97.4
98.0
99.3
102.0
104.3
102.8
106.5
106.5
108.9
101.4

110.5
111.4
112.2
112.2
109.6
106.5
105.7
103.5
99.3
99.3
100.0
100.0
105.7

98.6
102.0
101.4
99.3
94.9
98.0
96.7
101. 4
98.6
99.3
100.7
100.0
98.6

100.0
101.4
100.7
102.0
103.5
103.5
100.0
96.7
98.0
98.6
101.4
100.0
100.7

101.4
105.0
108.9
108.1
109.6
112.2
122.5
124.5
122.5
130.0
133.7
141.4
116.7

145.6
154.8
151.5
151.5
159.7
170.9
170.9
179.2
183.8
190.8
186.2
196.1
168.9

207.0
216. 0
213.2
219.3
233.1
253.2
233.1
226.2
222.7
229.9
237.0
233.1
226.2

245.1
267.4
267.4
253.2
216.0
207.0
177.0
186.2
183.8
188.3
183.8
188.3
210.1

190.8
177.0
175.1
179.2
179.2
170,9
168.9
153.1
142.7
144.1
145. 6
145.6
163.4

1
Computed by the U. S. Department of Commerce, Division of Economic Research, and supersedes the data on this subject which were published on p. 18 of the August
1933 Survey and in subsequent monthly issues. The change was made necessary by the revision of the original series on farm prices by the U. S. Department of Agriculture.
For 1935 figures see p. 24 of this issue.

INDUSTRIAL ALCOHOL ' (WITHDRAWN TAX-PAID)
[Thousands of proof gallons]
Month
January
February
March
April
May
June
July
August...

1925
736
706
722
771
672
656
735
697

1938

1929

1930

738 1,339 1,396
750 753 884
886 774 850
772 747 810
764 636 735
685 693 705
767 686 719
635 597 700

970
793
767
815
640
679
701
705

8G8
695
692
689
630
568
569
608

1936

1937

1931 1932
799
655
668
616
605
569
602
481

539
454
441
489
436
443
385
410

1933

1934

581 2,955
443 1,551
389 1,558
355 1,025
412 1,172
460 1,176
461 1,052
517 1,121

1935

1936

1937

1938

1939

1930

. . 603
818
705
647

667
637
424
183

642
685
458
215

630
790
679
714

653
779
650
618

587
637
518
524

Month
September
October.November
December
Total
Monthly average. -

1931 1933 1933
527
550
474
714

387 471
432 517
375 1,008
391 3,747

1 075
1, 266
1,573
2 096

8,467 7, 908 8,225 9,611 8,767 7,584 7,260 5,182 9,361 17, 620

706

659

685

801

731

632

605

432

i Compiled by the United States Treasury Department, Alcohol Tax Unit, and represent all tax-paid withdrawals of ethyl alcohol from bonded warehouses.
alcohol withdrawn in this manner, since the repeal of the eighteenth amendment, is used in the rectifying of liquor.




1934

780

1,468

Most of the

SUKVEY OF CUERENT BUSINESS

April 1935

21

WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]

1935
1934
1933
1933
Mar. Mar. Mar. Mar. Mar. Mar. Apr. Mar. Apr. Mar.
1
26
30 23 16 31 24 17
25
2

ITEM

Business activity:
New York Times**
86.2 86.1 83.9 84.0 84.1 63.7 62.7 70.1 70.4
Business Week * 1 . _
63.5 63.1 65.0 64.6 64.2 50.1 48.4 55.6 56.9
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784). _.
78.8 79.4 73.4 73.5 73.7 60.1 60.5 65.9 66.2
Farm products (67)
77. 6 79.2 61.4 61.4 62 0 43.4 43.6 49.5 50.5
Food (122)
81.1 82.6 67.3 67.3 67.7 54.7 55.4 61.7 62.4
Allother (595)
77.3 77.3 78.6 78.6 78.6 65.7 66.1 71.1 71.1
Fisher's Index, 1926=100:
Combined index (120)— 80.6 81.0 81.7 74.0 74.1 74.6 56.4 56. 6 62.9 63.1
Agricultural (30)
0)
0) 0) 52.0 52.3 52.7 40.7 40.9 45.8 46.2
Nonagricultural (90) __ 0)
0) 0) 79.4 79.4 79.8 59.6 59.7 66.1 66.0
Copper, electrolytic?
63. 8 63.8 63.8 56.5 56.5 56.5 34.8 37.7 42.0 42.0
Cotton, middling, spot
41.5 41.5 42.3 44.9 44.5 45.6 23.2 23.9 23.2 24.3
Construction contracts!
26.7
25. 6 28.6 29.2 51.1 44.3 16.3
Distribution: Carloadings . .
63. 4 62.3 63.5 63.5 65.5 52.0 "so." I ~56.~8 58. 5
Employment: Detroit, factory_._
65.4
101. 8 41.8
110. 6 107.7
Finance:
Failures, commercial
56. 8 59. 0 57.0 56.5 58.0 61.2 107.4 96.6 149.9 154.3
Security prices:
Bond pricesj
105. 0 105.7 105.9 103.5 103.5 104.3 83.6 84.9 87.5 89.7
Stock pricesj._
83.0 82.4 82.0 91.6 91.7 94.0 54.0 56.1 67.3 71.7

1935
1934
1933
1933
Mar. Mar. Mar. Mar. Mar Mar Apr Mar Apr Mar.
1
2
30 23 16 31 24
17
26
25

ITEM

Finance— Continued
Banking:
Debits, outside N.Y. G.t 73.7 81.5 72.2 63.9 70.5 63.4 49.0
59.6 63.1
Federal Keserve reporting member banks :§
Deposits:
142.6 142.6 145.8 115.5 114.8 115. 0 85.6 84.3 90.6 89.8
Net demand
124. 7 124.3 123. 7 122.3 122.3 121.6 116.8 116.6 125.3 125. 2
Time
Loans, total
_ 67.6 67.9 68.4 73.2 73.5 75.2 77.5 78.0 97.7 98.0
Interest rates:
24.2 24.2 24.2 24.2 24.2 24.2 70.8 75.9 60.6 60.6
Call loans t ..
Time loans J
. 20.1 20.1 20.1 22.9 22.9 22.9 59.0 62.9 68.6 70.9
Money in circulation! 112.5 112. 6 112.8 110.3 110.2 110.5 131.3 136.8 112.6 113 2
Production:
135.4 131.2 127. 3 104.7 107.3 104.4 32.1 33.8 46.9 43.1
Automobiles
92 0 87.1 90.1 84.7 83.8 52.9 50.0 60.4 71.1
B i tuminous coal J
102.8 103. ,5 103.7 100.0 99.5 99.0 84.2 84.6 88.8 90.9
Electric powerf
Lumber
3fi. 5 36. 2 39.4 40.2 39.6 24.4 23.8 27.1 26.3
193 0 124 8 125.2 111.6 114.7 114. 2 107.5 108.0 103.4 103. 8
Petroleum
59 2 61.8 63.2 63.2 61.8 63.2 19.7 18.4 30.3 31. «
Steel ingots t
Receipts, primary markets:
60. 2 69. 9 68.0 70.2 71. (i 59.2 55.8 62.3 59.1
Cattle and calves
_.
33 3 38 4 (50 4 57 2 63. fi 58.3 60.4 55.8 61. S
Hogs
30. 8 40.0 44.6 53. 8 56.2 64.2 45.0 50.8 58.7 63. 0
Cotton _ _ _ _ _
12.7 11.7 11.6 23.2 28.1 26.0 45.3 39.8 28.3 25. 3
Wheat

l
* Computed normal=100
J Latest week is preliminary.
f Weekly average, 1928-30=100.
$ Daily average.
Temporarily discontinued.
• Index revised. See weekly supplement of June 1, 1933, for explanation.
§ 1933-35 indexes are based on reports from 91 cities; earlier data cover 101 cities.

WEEKLY BUSINESS STATISTICS
ITEM
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per l b _ _
Cotton, Middling, spot, New York
...dol. per l b _ _
Food index (Bradstreet's) •
dol. perlb..
Iron and steel composite f
dol. per ton
Wheat No. 2 Hard Winter (K. C.)
.dol. per b u _ _
Banking:
FINANCE
Debits, New York City
mills, of dol
Debits, outside New York City
mills, of dol_.
Federal Reserve banks:
Reserve bank credit, total
. mills, of dol__
Bills bought
mills, of dol _ .
Bills discounted
mills, of dol
U. S. Government securities
mills, of dol..
Federal Reserve reporting member banks: §
I )pposits net demand
mills of dol
Deposits, time
mills of dol
Investments, total
mills, of dol- U. S. Government securities
mills, of doL.
Loans, total
mills, of dol
On securities
mills, of doL.
\11 other
mills of dol
Interest rates, call loans
___.
__percent..
Interest rates, time loans
.
.percent. .
Exchange rates:
French franc (daily av.) . ...
cents . .
Pound sterling (daily av.)
, .,
. dollars. .
Failures, commercial
number. .
Money in circulation
mills, of doLSecurity markets:
Bond sales (N. Y. S. E.) .. -thous. of dol. par value. .
Bond prices, 40 corporate issues
dollars..
Stock sales (N. Y. S. E.}
_.
thous. of shares. .
Stock prices (N. Y. limes),-. .
dol. per share-Stock prices (Standard Statistics)
1926=100..
Tndustrial (351)
... 1926= 100..
Public utilities (37)
1926—100
Railroad (33)
1926=100 PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles (Craw's estimate)
- number-Bituminous coal (daily av.).._thous. of short tons..
Electric power _
mills, of kw.-hr._
Petroleum
thous. of bbl._
Steel ingots (Dow-Jones estimate). .pet. of capacity..
Construction-contract awards (da. av.)-.thous. of dol..
Distribution:
Freight-car loadings, total
cars
Coal and coke
cars
Forest products _
. cars
Grain and products
_.
cars
Livestock
cars
Merchandise, e c. 1
cars
Ore
cars
Miscellaneous
cars
Receipts:
Cattle and calves
thousands
Hogs
thousands
Cotton into sight.. .
.
thous. of bales..
Wheat, at primary markets... - _ thous. of b u _ -

1933
Apr. 1 Mar. 25

Mar. 30

Mar. 23

Mar. 1(5

Mar. 31

1934
Mar. 24

Mar. 17

0. 088
.113
2. 65
32.30
.98

0.088
.113
2.62
32.33
.96

0.088
.115
2.66
32.38
.95

0.078
.122
2.11
31.34
.81

0. 078
. 121
2.13
31. 34
.82

0.078
.124
2.14
31.42
.83

0.048
.063
1.57
27.71
.50

3,187
3,420

3, 848
3, 782

3,394
3,349

3,074
2, 966

3,712
3, 267

3,613
2, 940

2,627
2,276

2,452

2, 455

2, 460
6
6
2,430

2,519
29
53
2, 432

2, 508
33
51
2, 432

2, 432

2,702
310
559
1,838

2, 887

X
2, 430

2, 532
37

8
2, 430
14, 150
4, 466
10, 854
7,281
7,609
3,028
4,581
1.00
.88

14, 155
4,454
10, 858
7, 324
7,640
3,050
4,590
1.00
,88

14, 479
4, 433
10, 823
7,284
7,699
3, 121
4. 578
1.00
.88

11,794
4, 419
9,311
6,227
8, 1(51
3, 514
4, 647
1.00
1 . 00

11,723
4,420
9,323
6, 265
8,196
3, 553
4. 643
1.00
1.00

11,748
4, 393
9,232
6,229
8,281
3,593
4,688
1.00
1. 00

fi. 581)
4. SO
23 J
5, 464

H. f>07
4. 77
240
/>, 470

(i. 620

<1. 77
23 ','
f>, 47H

<; r>7<>
:.. 1 J
2: -to
f>, ;>,r>s

(>. 503
.V 10
23 R
f), 351

56, 590
94.00
2,688
80.65
64.3
75.5
55 2
27.5

56, 150
94.63
3,561
79.99
63.3
74.8
52.2
27.4

82, 060
94.81
4,807
79.61
63.1
74.5
52.4
275.5

52, 100
92.64
5,542
88.93
75.9
83. 6
75.2
46.6

103, 286

100, 065
1,566
1,725
2,600
47
4,108

97, 090
1,484
1,728
2,608
48
4,588

607, 780
145, 407
26, 046
25, 850
10, 679
161, 164
4,112
234, 522
185
215
104
931

1935

1~713~
2,563
45

80
1,010

1933
Apr. 2
Mar. 26

1931
Mar. 21

0. 058
.063
1.76
29. 47
.48

0.058
.066
1.79
29.45
.47

0. 008
. 109
2.37
31. 72
.70

2,902
2 768

3, 501
2,927

6, 647
4,674

352

1,587
66
633

1,597
82
666
835

007
122
162
618

9,745
4,330
7,669
4,578
8, 332
3,644
4,688
2.92
2.58

9, 601
4, 323
7,631
4,580
8,390
3, 725
4, 665
3.13
2. 75

10, 153
4, 585
6, 533
3,649
10, 631
4,744
5, 887
2. 50
3.00

10, 062
4,577
6, 526
3,666
10, 676
4,759
5,917
2.50
3.10

1 . 50
2.13

r>.r fi?7

, .. 00
219
5, 364

3. 928
3. 42
437
6, 376

3. 030
3.43
303
C>, 643

:t. 937
3- 78
610
5, 469

3. 925
3.70
628
5, 498

3.013
18H
540
4, 588

75, 700
92.66
6,591
89.03
75.9
83.6
75.2
46.7

91,800
93. 36
7,130
91.32
79.3
87 2
78^2
49.7

57, 100
74. 82
3,683
52.40
42.7
42.1
62.0
25.8

53, 800
76.03
4,977
54. 53
43.3
42.5
64.3
25.9

58, 222
78.37
7,532
65. 34
53. 2
50. 6
87.2
29.0

41,612
80.31
4,706
69.61
54.5
51.7
89.4
30.2

56,091
96, 41
14, 578
163 33
122. 5
112.9
190. 3
95.7

84, 892
1,534
1, 666
2,325
47
4,682

81, 896
1,443
1,658
2,390
47
8,198

79, 673
1,427
1,650
2,378
48
7,117

24, 528
901
1,402
2,240
15
2,617

25, 796
851
1,410
2,250
14

35, 756
1,033
1,480
2,154
23

32, 892
1,210
1,515
2,163
24
4,294

61, 457
1,235
1,682
2,268
57

597, 432
139, 910
25, 337
25, 778
11,762
160, 267
3, 548
230, 830

608, 443
146, 182
23, 962
27,512
13, 541
166, 125
4, 199
226, 922

610, 036
142, 248
24, 875
29, 884
13, 643
166, 598
4, 378
228,410

627, 549
158,247
25, 290
31, 976
14, 030
166, 193
4,010
227, 803

498, 356
92, 887
17, 273
34, 327
14, 870
159, 575
2,661
176, 763

479, 959
96, 612
15, 970
31, 355
15, 035
155, 267
2,255
163, 465

544, 961
99, 189
19, 186
29, 176
16, 203
186, 489
2,183
192, 535

561, 118
122, 343
20, 307
27, 107
16, 195
185, 343
2,981
186, 842

741,253
135, 966
33, 950
38, 624
21, 449
222, 227
5,916
283, 121

215
247
116
920

209
390
140
1,845

216
369
146
2,236

220
410
167
2, 064

182
376
117
3, 606

172
390
132
3, 168

192
374
165
2,253

182
399
174
2,013

234
519
113
6, 821

0. 052
.065
1. 60
27. 95
.49

671
1,864

§ Statistics cover 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reporting.
Comparable figures not available prior to 1932.
t Revised series (scrap now included). For revised data back to 1929, see p. 19 of the January 1935 issue,
• Aggregate price of 1 pound each of 31 commodities.




22

SUEVEY OF CURRENT BUSINESS

April 1935

Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Later data will
be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931, |

1935

1934

ences to the sources of the data, may be found i p phrn
in the 1932 Annual Supplement to the Survey r ^u "

February

March

April

i
!

May

1935

i
I
•
Decem- January
! June i July August SeptemOctober November
ber
ber
1
|
!

BUSINESS INDEXES
i

BUSINESS ACTIVITY ( Annalist)!
Combined index ^
normal = 100. .
Automobile production ^ _ _ normal =100..
Boot and shoe production^
normal = 100
Carloadings freight
normal = 100 .
Cement production
normal = 100. .
Cotton consumption
normal = 100__
Electric power production
normal = 100. _
Lumber production
normal — 100 1
Pig-iron production
normal = 100
Silk consumption
normal = 100__
Steel ingot production 1
normal = 100..
Wool consumption
normal = 100 .
Zinc production
normal = 100-.

85.0
119.4
67.3
39.8
90.1
100.0
58.1
68.2
68.4
65,1

INDUSTRIAL PRODUCTION (F. R. B.)
Total, unadjusted
1923-25 =100. .
"91
Manufactures, unadjusted
1923-25 =100...
"91
Automobiles*
1923-25 =100. J
112
Cement
1923-25= 100..
27
Food products
1923-25=100..!
79
Glass, plate
. 1923-25 = 100..
179
Iron and steel*
1923-25 = 100..
83
Leather and shoes §
1923-25 = 100. . "108
Lumber
.
. 1923-25 = 100-.
29
Paper and printing
1923-25=100 .
Petroleum refining
1923-25=100..
Rubber tires and tubes
1923-25=100 .
Shipbuilding
1923-25 =100. .
Textiles
1923-25 = 100..
105
Tobacco manufactures
1923-25= 100..
121
Minerals, unadjusted
1923-25 = 100..
"91
Anthracite
1923-25 = 100..
"73
Bituminous coal
1923-25=100-"85
Iron ore shipmen ts _
. . 1 923-25 = 1 00 - .
Lead
1923-25=100 .
51
Petroleum, crude
1923-25= 100..
127
Silver
1923-25=100 .
70
Zinc
1923-25=100.78
Total, adjusted
1923-25=100..
"89
Manufactures, adjusted
1923-25 = 100. .
"88
105
Automobiles*
1923-25=100-.
45
Cement-.
1923-25 = 100..
81
Food products
.1923-25= 100. .
166
Glass, plate
1923-25 =100. .
79
Iron and steel •
1923-25=100-.
v 106
Leather and shoes §
1923-25=100Lumber
1923-25=100-.
30
Paper and printing
1923-25=100 .
Petroleum refining _
1923-25=100..
Rubber tires and tubes
1923-25 =100. .
Shipbuilding
1 923-25=1 00. _
Textiles
1923-25 = 100.. "100
133
Tobacco manufactures
1923-25 = 100. _
95
Minerals, adjusted
1923-25=100 .
"68
Anthracite ._.
1923-25 = 100-.
"80
Bituminous coal .
1923-25=100.
Iron ore shipments
1923-25= 100. .
Lead
1923-25 = 100
50
"130
Petroleum, crude
1923-25=100 .
Silver
Zinc

1923-25=100..
1923-25=100

MARKETINGS
Agricultural products* (quantity) 1923-25=100..
Animal products
1923-25 = 100..
Dairy products _.
1923-25=100
Livestock
1923-25 = 100
Poultry and eggs
1923-25=100..
Wool
1923-25 = 100..
Crops.
1923-25=100
Cotton
1923-25 - 100
Fruits
1923-25 - 100
Grains.
1923-25=100
Vegetables...
1923-25 = 100. .

0

76.7
71.1
117. 5
67.4
55.8
89.2
93.1
49.5
45.8
66.6
54.9 !
75.8
61.5

0

78.9 i
80.0
77.9 !
78.5
119. 3 « 131. 2
69.0 i
64.7
51.4 i
54.4
89.9 !
90.8
96.1
93. 7 !
53.3
60. 6 i
50.9 !
54.5
69.6
71.6
59.3 !
69.8
77.4 i
72.6
59.1
62.1

83
82
76 !
37
90 !
106
66 i
110
28
"102
144
108 '
21
"97
120
88
95
78

86 i
85 !
96 1
42 |
82 !
115 !
75 !
110 !1
39
* 102
143
117
46
"96
113
91
89
84

88
89
109
53
87
108
84
114
35
v 104
152
115
63
"93
118
81
76
60

66
116
39
71
81
80
71
61
91
98
63
108
29
"99
144
100
30
"91
132
91
89
a
75

58
121
52
72
84
82
78
58
84
106
66
107
38
" 100
143
106
59
"94
119
100
109
84

55
125
46
67
85
85 i
85 !
55
93
98
76 i
117
33
v 100
152
97
65
"90
128
90
73
72

65
73

64
118
36
"67

57
122
47
68

56
125
45
64 i

50
60
77
56
63
18
39
31
69
22
83

60
72
84
68
81
36
47
38
57
43
78

67
80
100
67
111
24
55
50
71
37
104

66
84
94 ;
72
119
22
47
42
70
29
90

80.2
77.2
73.2
70.1
71.2
70.9
« 130. 9 « 108. 2 « 108. 9
63.9
64.9
61.9
52.6
52.8
49.6
92.0
68.5 !
77.6
95.3
95.8 i
96.7
51.9
47.6
44.8
63,1
64.6
40.6
58.2
71.8
61.7
77.4
77.7
40.8
66.8
69.0
63.0
52.2
59.6 ;
51.4
89
89
98
68
96 ;
90
91
108
35
" 102
153
102
50
"89
130
87
76
62
60
65
128
43
66
86
86
78
57
98
83
84
118
33
" 100
153
81
39
"88
128
89
76
72
40
66
127
44
65
77
97
123
83
120
91
56
42
108
37
102 i

71.1
62.4
« 108. 3
59.6
43.8
82.4
94.1
55.5
34.8
57.1
34.3
62.8
52.7

66.5
52.7
«92.5
59.1
46.8
58.5
92.4
50.2
31.2
54.4
34.3
41.2
53.8

!
;

\
1
1
!

70.5 !
51.6
• 89. 0
57.6
40.8
92.2
92.5
46.7
31.8
75.5
36.1
76.0
66.2

71.3
43.5
•99. 2
58.9
42.3
86.0
93.6
42.5
33.3
60.8
42.8

'83.3
« 104. 1
123.3
66.2
37.9
«97.0
"97.6
54.6
52.3
67.1
69.1

68.0

"78.7
95.6
« 110. 7
63.1
43.9
84.3
«97.8
46.3
37.2
74.6
57.3
123.1
66.7

75
73
38
53
110
87
40
93
30

74
72
24
47
108
79
45
88
25

78
77
58
35
103
105
56
89
26

°88
«88
86
25
90
155
76
«98
29

a 102.

2

65.3

84
83
93
72
95
79
85
97
32

73
71
82
64
100
91
44
98
29

73
71
67
62
100
87
38
107
38

72
70
56
63
122
85
37
102
33

III
102
47
"73
144
87
60
60
106
57
132
44
55
83
83
82
58
96
77
85
101
31

156
81
41
"73
139
85
52
59
105
51
131
34
53
76
74
78
53
102
92
47
99
29

157
78
140
v 76
135
83
50
60
95
43
126
39
56
73
72
61
48
106
86
38
97
36

152
76
133
"63
139
87
62
68
85
52
125
34
58
71
69
51
50
120
84
37
88
32

154
73
12
v 92
129
87
68
71
60
58
123
39
73
73
72
41
46
107
87
41
85
29 |

156
80
12
"91
128
84
65
72
11
57
120
38
77
74
73
37
48
102
83
48
92
26

154
92
14
"92
115
85
71
74

151
106
19
108
128
91
'82
«82

60
120
54
76
86
86
105
45
102
140
64
104
29

50
"126
50
76
•91
"90
104
42
91
174
79
•106
33

157
79
95
"81
126
80
50
61
47
44
124
39
60

152
79
133
"64
125
82
62
64
44
55
122
36
61

153
"82
17
"90
120
81 !
"53 I
"64
35
56
122 i
39
76

155
107
14
"87
125
81
64
65
14
55
121
35
77

153
133
18 !
"97
143
89
72 1
69 |

151
115
27
•103
136
«94
"76
°74

60
124
53
74

50
•131
50
71

73
84
78
81
102
36
62
86
66
33
64

59
74
88
75
66
34
43
42
67
23
78

154
84
38
"77
132
87
69
67 1
54
56
130
45
57
74
93
127
100
253
54
28
60
57
120

i
i
j
i

|
156
83
28
"78
128
85
63
65
52 i
53
128
40
57
92
107
124
100
77
444
78
35
87
119
75

93
112
118
122
67
173
74
50
92
101
54

i
!
!
'

105
102
100
116
63
105
107
160
81
69 i
82

114
100
102
111
70
91
129
210
104
58
108

!
!
i
;

;

:
i

89
93
86
91
105
81
84

134

74
38
76

!
!
!
i

• New series. See p. 18 of the March 1933 issue, marketings (quantities),
t Revised series. For earlier data see p. 19 of the October 1933 issue.
If For 1933 revisions of the combined index and automobile and steel ingot production indexes see p. 22 of the August 1934 issue.
• Revised.
* Preliminary.
§ Series revised. For earlier data see p. 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances by
a slight amount.
• Index of automobile and iron and steel production revised for 1933. See p. 22 of the September 1934 issue for a complete record of the revisions.
| Data^revised for 1934. January revision 105*3.




23

SURVEY OF CURRENT BUSINESS

April 1935
Monthly statistics through December 1931,
ences to the sources of the data, may he found
in the 1932 Annual Supplement to the Survey

February

1935

1934

1935

1

February

March

April 1 May

j June | July

1 August i

i Decem- J anuary
^m" October November
j ber

BUSINESS INDEXES—Continued
MAEKETINGS— Continued
Agricultural products, cash income received
from marketings of:*t
Crops and livestock:
Unadjusted
1924-29=100
Adjusted
- —1924-29 =100-.
Crops, adjusted
1924-29=100—
Livestock and products, adjusted
1924-29=100..
Dairy products, adjusted
1924-25=100...
Meat animals, adjusted
1924-29 = 100-.
Poultry and eggs, adjusted __ 1924-29 =100- -

45.0
54.0
43.5

45.5
54.5
56.0

48.0
57.0
60.0

45.0
58.5
64.0

50.0
58.0
59.5

48.5
65.5
77.0

54.5
71.0
87.5

60.0
62.5
68,0

69 0 i
60. 5 !
58.0 |

74. 5
55. 0
47.0

57.5
52.0
40.5

51.5
49.5
41.5

50.5
51.5
40.0

64. 5
79.0
57.0
62.0

53.5
61.5
47.5
53.0

53.5
65.0
45.5
59.0

52.5
63.5
47.0
50.5

56,0
65.0
51.5
52,0

54.0
63.5
48.0
51.0

54.5
65.0
47.5 ;
50.5

56.5
70.0
48.5
53.0

63. 0 |
72. 0 !
58. 5 i
57. 5 |

63. 5
72. 5
57. 5
60. 0

63.5
73.5
54.0
71.5

58.0
72.5
49.5
58. 5

64.0
76.0
59.0
57.5

134
105
123
80
117
96
80
161
71
113
162
115
155
98
140
90
226

155
111
129
92
117
99
80
162
84
117
157
169
188
108
192
115
252

148
108
126
81
116
99
80
162
71
116
160
168
178
101
188
108
231

142
109
123
81
116
104
81
159
85
111
160
160
168
96
182
98
213

136
108
117
84
116
105
80
150
78
113
159
159
158
94
171
93
198

132
109
115
94
117
95
79
143
92
107
161
148
149
93
162
97
182

140
114
117 ;
108
116
96
79
141
115
109
162
130
161
90
198
108
173

143
108
119
103
116
96
78
145
79
112
160
119
169
92
217
105
173

154 i
109 !
121 i
103 !
117 !i
93 ;
79
150 j
91 1
113
161 '
119 I
187 I
109 i
217 !
107 i
217 1

160
108
117
100
117
94
79
155
86
113
M50
120
198
122
208
113
254

« 161
107
113
100
117
96
81
160
71
113
°152
123
200
121
202
107
269

°159
«106
117
100
118
"95
79
163
48
113
a 160
198
116
207
93
263

143
•105
«115
°86
118
95
83
163
66
113
162
118
170
107
162
87
239

242
P360
193
347
281
296
134
104
198

245
*>367
209
347
263
297
144
98
192

258
*423
211
347
266
332
152
85
197

260
*407
225
347
260
328
147
83
202

259
i>392
218
369
287
304
142
83
215

231
P 288
191
363
210
273
153
79
211

228
P332
174
354
200
294
148
72
190

°226
*329
171
352
186
295
145
66
196

»220
*278
163
«358
208
291
140
71
190

STOCKS
Domestic stocks
1923-25=100..
Manufactured goods
1923-25=100..
Chemicals arid allied prod— 1923-25=100Food products
1923-25 = 100 .
Forest products
1923-25=100
Iron and steel products . 1923-25=100
Leather
1923-25=100—
Metals, nonferrous
1923-25=100—
Paper, newsprint
1923-25=100 .
Rubber products
1923-25 = 100
Stone clay and glass
1923-25=100
Textiles
1923-25=100 .
Raw materials
1923-25 = 100 Chemicals and allied prod— 1923-25 =100. .
Foodstuffs
1923-25 = 100 .
Metals
1923-25=100 .
Textile materials
1923-25=100
World stocks—-foodstuffs and raw materials:
Total t
1923-25 = 100
Coffee— adj. for seasonal
1923-25 = 100-.
Cotton— adj. for seasonal
1923-25=100Rubber—adj. for seasonal t— 1923-25 = 100..
Silk adj for seasonal
1923-25 — 100
Sugar— adj. for seasonal!
1923-25=100—
Tea— adj for seasonal
1923-25=100
Tin— unadjusted
.. 1923-25=100-.
Wheat — adj for seasonal
1923-25=100

P279
150
357

94

266
v 409
221
387
242
309
142
78
241

262
v 390
231
374
238
295
141
74
237

246
v 303
221
373
234
267
140
74
228

i
;
!
!

!

i

a 117

COMMODITY PRICES
I

COST OF LIVING (N. I. C. B.)
Total, all groups
Clothing
Food
Fuel and light
Housing
Sundries

1923=100..
.1923 = 100
1923=100
1923=100..
1923=100
1923=100—

82.4
76 3
83.5
87.1
67.4
93.0

78.3 !
77.5
74. 1
87. 1
62. 8
92. 1

78.5
77.7
74. 3
87. 1
63. 1
92. 2

111
119
108
121
90
114
105
188
101

83
78
93
92 !
87
79
65 !
101
98

84
74
94
95
97
79
66
79
98

78.4
77.9
73.5
86.5
63.7
92.4

'
!
!
i
!

78.6
77.8
74.1
85.7
64.2
92.4

78.8
77.3 i
74.5
85.8
64.6
92.5

79.1
77.0
75.2
86.4
64.7
92.5

79.6
77.2
76.5
86.9
65.4
92.3

81.0
77. 6
79.9
87.4
66.0
92.4

80.9 ;
77.5
79. 1
87.5 ;i
66.4
92. 8

80.8
77.4
78. 8
87.6
66.6
92. 8

80.8
77.3
78.4
87.5
66.8
93.0

81.6
76.9
81.1
87.1
66.9
93.0

82
72
90
91
110
78
64
89
92

86
72
94
93
137
89
64
80
90

87
76
99
94
113
91
66
102
94

96
86
107
97
101
106
68
108
125

103
104
110
99
93
112
82
133
126

102
108
107
99
98
109
74
110
137

i
i

101
125
107
105
94
109
72
107
123

101
119
109
107
85
116
73
130
113

107
114
108
112
87
115
96
117
111

164
119

FARM PRICES (Dept. of Agri.) § t
Total, all groups
- _ _ — 1909-14=100
Chickens and eggs
1909-14=100.
Cotton and cottonseed
1909-14=100
Dairy products
- - .1909-14=100
Fruits
—
1909-14=100..
Grains
. 1909-14 = 100
Meat animals
1909-14=100 .
Truck crops
1909-14=100
Miscellaneous
1909-14 = 100

82 !
72
94
91 i
96 !
77
64
98
96
\

RETAIL PRICES
Department of Labor indexes:
Coal
Food#
Fairchild's index:*
Combined index
. Dec.
Apparel:
Infants' wear
Dec
Men's
Dec.
Women's
Dec
Home furnishings
Dec.
Piece goods
Dec.

i
i

'

!
!

1913=100..
1913=1001930=100
1930 — 100
1930=100
1930—100
1930=100..
1930=100 -

165
122

168 !
108 |

168
109

164 !
107 i

156
108

157
109

159
110

162
112

165
117

166 !
116 !

165
115

165
114

86.6

89.5 j

89.6

89.4 1

88.6

88.2

87.9

87.7

87.7

87.4 !
j
94.4 I
87.7 i
89. 5 1
88.9 !
86. 3 •

87.4

87.2

86.8

94.3
87.3
88. 8
89.2
86. 1

93.9
87.4
88.1
88.5
86.0

93.9
87.4
87.9
88.2
85.8

93 4
87.4
87 8
88.2
85.8

93.2
88.4
90 2
87.5
85.6

i
';
i
i
!

93.6
88.9
91 2
88.7
85.9

1

93.9
87.9
91.4
88.2
85.5

1
i
i
!
i

93.9
88.1
91.0
88.4
85.5

93.8
87.7
90.8
88.1
85.5

93.9
88.3
90.4
88.2
84.8

94.0
87.7
90.1
88.5
85.5

94.0
87.7
80.8
88.9
87.6

WHOLESALE PRICES
Department of Labor index:
78.8
76.9
76.4
76.5
76.5
74.6
74.8
77.6
73.3
73.7
Combined index (784)
1926=100..
79.5
73.6
73,7
Economic classes:
80.8
79.2
79. 2
79. 3
79.5
78.2
78.2
80.1
77.0
77.2
77.1
77.8
Finished products
1926=100
81 5
76.6
72.1
72.2
73.1
71.6
68.3
73.9
65. 1
65. 1
67.3
66.0
65.9
77 4
Raw materials
1926=100
71.2
71.0
72.6
71.5
71.1
71.8
73. 9
73. 7
72.9
72.7
74.8
74.3
71.7
Semimanufactures . . . . 1926=100
77.6
73.4
72.0
70.6 ;
70.8
64.5
69.8
59.6
59.6
63.3
61.3 ;
61.3
79.1
Farm products
1926=100-.
88.8
85.0
87.2
91.5
88.1
74.8
86.0
72.4
58. 8
63. 9
87.4
63.2
62.3
Qrains
1926 = 10064.1
57.2
56.2
55.3
54.0
73.3
48.8
49.2 i
47.8
48.3
48.2 i
49.5
78.4
Livestock and poultry
1926 = 100—
a
Revised.
* Preliminary.
* New series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products and p. 19 of the December 1932 issue, Fairchild price index.
§ Data for Mar. 15, 1935: Total 108, chickens and eggs 97, cotton and cottonseed 102, dairy products 114, fruits 90, grains 111, meat animals 117, truck crops 162, miscellaneous 92.
t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. Revised total, rubber adjusted and sugar adjusted indexes
for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from July 1933-June 1934. See p. 23
of the September 1934 issue.
# The data on retail prices of food until Aug. 15,1933, were reported as of the 15th of each month. From then on the prices have boenjreported every 2 weeks. The monthly
figures for months subsequent to August 1933 represent the figure nearest to the 15th of the month.




24
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS
1935

April 1935
1935

1934

February

February

March

May

April

June

July

August

Septem- October Novem- Decem- January
ber
ber
ber

COMMODITY PRICES—Continued
WHOLESALE PRICES— Continued
Department of Labor index— Continued.
Combined index— Continued.
Foods
.1926 = 100..
Dairy products
- -- .1926 = 100
Fruits and vegetables
1926 = 100 .
Meats
---..1926 = 100Other products
1926 = 100
Building materials
1926 = 100..
Brick and tile
~ -1926-100
Cement..
-.1926=100-.
Lumber
1926=100Chemicals and drugs
1926=100
Chemicals
.-1926=100...
Drugs and Pharmaceuticals. 1926 = 100Fertilizer materials
1926 — 100
Fuel and lighting
- -- 1926 — 100
Electricity
1926 -100
Gas
1926=100..
Petroleum products
1926 = 100
Hides and leather
1926 — 100
Boots and shoes
1926=100..
Hides and skins
1926 — 100
Leather .
1926 = 100.
House-furnishing goods
.1926=100
Furniture
1926 — 100
Furnishings
- 1926-100
Metals and metal products. ..1926 = 100-.
Iron and steel
1926 — 100
Metals, nonferrous
1926 = 100
Plumbing and heating equipment
1926 = 100
Textile products
1 926 = 100
Clothing
1926 = 100
Cotton goods
1926=100.
Knit goods
1926 = 100Silk and rayon
. . .. 1926=100
Woolens and worsted
1926 = 100..
Miscellaneous
1926=100
Auto tires and tubes
1926=100
Paper and pulp
1926 = 100..
Other wholesale price indexes:
Bradstreet's (96)
.1926=100..
Dun's (300)
1926=100..
World prices, foodstuffs and raw materials:*
Combined index
1923-25 — 100
Coffee
-- 1923-25 = 100
Copper .
-..1923-25=100..
Cotton
1923-25 = 100
Rubber
1923-25 = 100
Silk
-..1923-25 = 100-.
Sugar
.
1923-25=100
Tea
1923-25 = 100..
Tin
1923-25 = 100
Wheat...
... 1923-25 = 100..
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
....1923-25=100.
Retail food prices
1923-25=100
Farm prices t
1923-25=100
Cost of living
1923-25=100

1

82.7
87.0
63. 6
87.9
77.4
85.0
90. 6
93. 9
80. 5
80.4
86. 5
73. 1
6f) 2
72 5
48. 7
86 0
97.2
09 6
74.6
80.7
77 2
84 1
85.8
86 1
67.2

66.7
69 1
71.7
53.3
78.7
86.6
87 2
93.9
87.3
75.5
78.8
71.5
69 2
72 4
91 8
89.3
50 3
89 6
98.4
78 0
80. 1
81 0
79 2
83 0
87.0
86 3
65 8

67.3
68 9
71 6
56.5
78 5
86.4
88 5
63.9
86. 4
75 7
79.0
71.9
P9 5
71 4
88 5
89.4
48 7
88 7
98.5
73 4
79 7
81 4
79 8
83 2
87.1
86 3
66 3

66.2
66 5
67 9
57.3
78 6
86.7
90 7
89.7
87 2
75 5
78. 6
72.2
68 7
71 7
«8 3
92.2
49 4
88 9

67. 1
70.1
78 5
83.3
63.6
28. 1
73.6
70. 1
47.5
80.9

72 7
76.9
87 2
88.6
67.0
31 0
84.3
68 5
43.5
82.7

75.8
93.7

76 7
78 4
81 6
79 9
83 5
87.9
87 3
68 0

67.1 !
67 1 ;•
68 2
60.0
78 9
87.3
91 2
89.4
85 9
75 4
78.6
72.8
66 4
72 5
88 9
94.6
50 7
87 9
98.5
78 5
76 3
82 0
80 1
84 1
89.1
90 2
68 1

69.8
73 o
70 1
62.2
78 2
87.8
91 1
93.9
86 3
75 6
78.6
73.1
67 9
72' 8
90 6
97.5
50 6
87 1
98.4
70 1
75 3
82 0
79 0
85* 1
87.7
88 6
6s' 5

70.6
74 8
68 2
63.4
78 4
87.0
91 3
93.9
85 3
75 4
78,. 5
73.0
67 6
73 9
92 4
99.2
*)1 3
86 3
98.0
66 6
75 1
81 6
78 5
84 8
86.8
86 7
68 8

73.9
77 3
65 6
69.4
78 3
85.8
91 3
93.9
81 8
75 7
79.2
72.7
64 8
74 6
92 g
99.2
51 6
83 8
97.9
57 4
71 3
81 8
78 9
84 6
86.7
86 6
68 9

76.1
76 2
66 0
76.6
78 3
85.6
91 3
93.9
82 3
76 5
80.3
72.7
66 4
74 6
% 2
99.3
<q 3
84 1
97.9
60 4
/O 6
81 8
78 8
84 8
86.6
86 5
68 4

74.8
77 1
67 6
70.0
78 0
85.2
91 2
93.9
82 0
77 1
81.1
73.5
65 7
74 6
Q4 5
96.9
50 4
83 8
97.7
7

CO 1

70 5
81 7
79 0
84 4
86.3
86 2
68 1

79 7
76 5
87 2
89. 1
65.
6
2C) 4
84. 0
gq 3
44 6
82. 7

76 9
75 3
85 7
88.2
64.2
28 4
82.0
69 5
44 6
83.6

75 0
73 6
82 7
86.3
65.3
26 ,5
81.0
69 8
44 6
83.7

75 1
72 7
82 6
86.0
62.8
25 0
80.8
70 2
44 6
83.5

75 0
71 5
81 9
85.1
59.5
24 5
80.7
69 9
44 6
82.4

75 0
70 8
79 5
86.4
59.3
24 4
78.9
70 2
44 7
82.4

71 6
71 1
79 7
87.8
59.9
24 3
78.0
70 2
44 7
82.4

71.7
87.5

71.0
86.6

70.9
85. 5

70.7
86.9

71.5
88.6

72.1
89.0

73.4
89.7

48 4
50. 9
63. 5
46.3
30.1
20.0
53.6
62.1
09 4
-18. 3

43 2
57.3
56.3
45 2
24.5
21.7
33.2
78.2
102 7
42. 1

42 4
r
78
56 3
45 2
25 8
19.6
27 7
76 3
106 Q
42.6

40 9
55 9
59 1
43 8
28 3
18.4
19 5
76 8

40 rjj
55 9
59 9
41 9
31 0
17.9
19 5
74 3
106 *
42. 4

43 fi
55 9
62 1
45 2
31 6
16.8
32 9
69 0
101 0
42.7

47 Q
53 9
63 5
47 4
34 2
15.9
41 6
66 4
103 3
48.4

1 2(i 6
122.9
132. 5
123.6

136. 8
138 3
177.0
130 0

136
138
175
129

136
138
179
129

135
137
170
129

134
136
168
128

0
1
1
7

93^5

no 6
43. 2

137
139
179
129

CONSTRUCTION

4
5
2
9

6
5
2
5

0
4
9
2

AND REAL

f>
°
9
7

70 8
81 3
78 4
84 3
86.2
86 0
67 7

75.3
79 6
62 4
69.0
78 0
85.1
91 2
93.9
81 2
77 8
82.2
73.4
65 3
73 7
93 1
89.3
49 8
85 1
97.2
67 4
71 8
81 2
78 2
84 2
85.9
85 6
67 5

79.9
83 5
62 8
81.6
77 7
84.9
91 1
93.9
79 9
79 3
84. 5
73. 1
66 *>
72 Q
89 9
87.6
48 8
86 v)
07.1
71 1
74 3
81 2
78 °
84 3
85.8
85 7
67 6

68 1
70 3
79 1
86.6
60.5
24 8
74.8
69 7
44 7
82.4

68 8
69 7
78 4
84.4
61.0
25 8
74.1
70 6
47 5
82.1

68 8
70 0
78 4
84.3
61.9
27 1
74.0
71 0
47 5
81.5

68 0
70 3
78 4
84.1
63.5
28 6
73. S
70 7
47 5
81.5

73.2
90.2

71.8
89.1

71.9
90.2

73. 5
91.8

75.7
93.7

50 4
56 8
63 5
49 3
36 2
15.8
43 4
67 5
103 3
59. 4

50 1
56 8
63 95
48
36 0
15.7
49 4
649 2
10 4

48 3
55 9
63 5
46 0
32 7
16.6
49 9
66 6
101 3
48.8

48 2
54 9
63 5
46 3
30 5
18.0
50 9
64 5
101 Q
48.3

48 9
55 4
63 5
46 7
30 3
19.0
51 1
61 3
101 2
51. 4

47 9
54 4
63 5
46 7
30 7
18.8
47 4
61 4
101 2
40.8

131 8
134 0
153 1
127 9

12Q
128
142
125

131
129
144
125

131
130
14*)
125

130 Q
131 1
145 6
125 9

126 4
137 4
124 7

54. r>

7
2
7
6

KQ

6
5
1
8

75.1
78 6
65 3
68.4
78 0
85.0
91 2
93.9
81 2
76 9
80.9
73.5
64 6
74 4
94 0
92.4
50 5
84 2
97.3

6
4
g
9

ESTATE

CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F. R. B.:\
on
on
oo
24
Total, unadjusted
1 923-25 = 100
38
33
32
36
31
22
30
28
25
21
a JO
12
Residential
1923-25 = 100
10
12
14
13
12
13
10
12
10
U
97
Total, adjusted
1923-25 = 100..
28
44
33
32
26
26
27
27
31
29
31
31
11
11
11
Residential
.
.1923-25 = 100
a 12
13
12
11
12
12
12
12
10
12
F. W. Dodge Corporation (37 States):*
Total, all types:
7 132
Projects
_ ...
number
6,135
5,507
7 927
7 g25
8 114
9 153
7 665
8 368
6 458
5 771
10 013
7 505
Valuation
thous. of dol— 0 75, 084 96, 716 178, 346 131,330 134, 439 127, 116 119,663 120,015 110, 151 135, 225 111,692 92, 685
99, 774
Nonresidential buildings:!
2 905
2 349
Projects
number
2 959
9 787
9 fiQfi
2 256
3 141
3 210
3 061
2 526
3 134
2 170
3 COK
Floor space
thous. of sq. ft— a 4,985
4,271
7, 673
7,991
7,147
8,093
8,275
8,996
/), 622
7, 524
7,885
7,258
4,939
40
fiOfi
Valuation
thous. of dol
30, 613
30 440
29 015
57 329
38 737
5° 797
43 142
60 751
50 816
42 309
28 067
3° 958
Public utilities :#
1 gc
Projects
_
number
122
185
245
ifi^
193
205
232
199
1 56
206
289
252
Valuation
._
thous. of dol
3,885
6,443 21 003 12 372
5 599
13 069
7 901
8 651
12 911
8 707
6 510 12 642
8 496
Public works:#
1 r\O7
I Q1 O
Projects
number
700
i *^n
1 101
1 761
1 184
1 537
1 344
1 051
87P
Valuation
thous. of doL. 23, 933 46, 739 71, 937 57, 535 51, 202 44, 340 31,166 41, 906 43, 479 52, 598 43, 847 37, 156
35, 699
Residential buildings:
3047
2 904
Projects
number
1 965
3*370
2onn
2 962
q 198
3 596
4 201
3 731
3 027
4 971
2 4Q1
7 504
A f\AQ
Floor space .
- - thous. of sq ft
4, 569
3 634
8 046
5 985
6 159
4 795
4 847
5 030
7 015
5 coo
5 01 Q
in
Qi n
29 686
96 555
2g' 300
Valuation..
. thous. of dol
16, 617
14 520
28 076
24 840
19 845
17 854
18 641
H er1
22 410
Engineering construction:^
Total contracts awarded (E. N. R.)
thous. of (lol._ 68, 089 101, 261 147, 204 101, 192 116,743 109,993 118.000 109,115 94, 439 90, 501 134, 148 101,419 148, 264
1
Revised.
seriess
-- For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World Prices, p. 20, September 1932; Purchasing
Power of the Dollar (except for farm prices), p. 18, August 1933.
t Revised series. For revisions of construction contracts awarded on nonresidential buildings for vears 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue
Farm prices (purchasing power) are on p. 20 of this issue.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
t Months of March, May, August, and November 1934 and January 1935 include 5 weeks; other months include 4 weeks.
A A continuation of the statistics shown on pp 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August 1934 issue.
t Indexes a r e based o n 3-month moving? average o f F . W . Dodge data centered a t second month.
• • • > . - .
*




25

SURVEY OF CURRENT BUSINESS

April 1935

Monthly statistics through December 1931, j 1935
together with explanatory footnotes and refer- |
ences to the sources of the data, may be found | Febrtiin the 1932 Annual Supplement to the Survey ! ary

1934

F u

lry ~

March April

May

June

July

1935

August

Se
:

m

{« -j October

N

^°-

Decem- January
ber

CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous. of sq. yd
2,331
3,586
1,683
Roads only
..tbous. of sq. yd..
2,356
Highways:
Approved for construction (N. I. R. A.): *
Mileage
number of miles
3,561
4,333
Public works funds allotted, thous. of dol— 59, 385 80, 456
Under construction (N. I. R. A.): *
Estimated total cost
thous. of dol— 155, 448 216,291
Public works funds allotted_thous. of dol— 140, OGO 198, 759
4, 031
7,574
Federal aid funds allotted.. .thous. of dol—
7,166
Mileage
number of miles..
12, 827

3, 353
2,143

2,459
1,463

3,752
2,200

2,628
1,572

2,949
2,093

2,858
1,557

4,600
3, 491

5,082
3,760

3,619
3,101

6,301
4,336

3,271
2,356

4,267
77, 283

3,279
62, 216

2,405
43, 297

1,718
31, 149

1,225
22, 481

1,614
25, 548

2,886
38, 824

2,845
43, 654

2,892
46, 851

3,320
58, 065

3,367
57, 573

239, 974
221, 169
7, 955
13, 062

269, 229
248, 942
8, 435
14, 111

288, 460
267, 371
8,914
14, 311

283, 506
263, 042
8,634
13, 674

267, 509
246, 394
8,421
12, 524

231, 554
211,960
7,608
10, 220

203, 027
183,915
7, 123
8, 831

179,453
160, 775
6, 093
7, 879

159, 599
139, 017
5.399
7,280

147, 807
131, 388
4,714
6,911

145, 639
130, 660
4, 146
6,836

158
180
199.6

158
180
199.6
177

157
182
199. 7

157
183
198.4

157
182
200.6
177

158
181
200.9

158
181
201.4

158
180
201.9
177

180
198.7

CONSTRUCTION COSTS
Building costs— all types (American Appraisal
Co ) *
1913=100..
Building costs— all types (A. 0. C.)_1913=100__
Building costs— all types (E.N. R.} §.1913 = 100..
Buildin" costs— factory (Aberthaw) 1914—100

179
196. 0

154
169
194.0

156
172
« 194. 1
176

157
180
195. 9

25, 082
15, 319

31, 443
14, 198

31,312
16, 111

22, 029
15, 807

25,271 i 20,006
16,680 16,348

19, 484
15, 499

19,613
15, 462

16, 244
15, 972

18, 236
16, 723

20, 114
16, 940

23, 896
17, 736

23, 431
17, 896

77, 142

94, 040
46.3

93, 125
46.3

88, 922
45.2

86,842
45. 7

85, 723
48.3

85, 519
52.5

86, 647
48.6

87, 446
56.1

87, 714
51.8

87, 258
53.4

82, 585

4,646
408
22
29
185
1,610
49
1,303
15
8
19
273
97
0
185
0
54
321
67

MISCELLANEOUS DATA
Construction — employment and wages:
Employment, Ohio. (See Employment.)
Wages, road building. (See Employment.)
Fire losses, United States
thous. of dol—
Foreclosures **
number. _
Ship construction. (See Trans. Equipment.)
Real estate:
Home Loan Bank, loans outstanding *
thous. of dol—
Market activity
each month 1926=100..
New financing. (See Finance.)

86,248
47. 9

DOMESTIC TRADE
ADVERTISING
Radio broadcasting:
Cost of facilities, total
thous. of dol—
Automotive
thous. of dol—
Building materials
thous. of dol—
Clothing and dry goods
thous. of dol—
Confectionery
thous. of dol._
Drugs and toilet goods
thous. of dol—
Financial
thous. of dol._
Foods
.- -thous. of doL .
House furnishings
thous. of dol .
Machinery
thous. of dol—
Paints and hardware.—
thous. of dol..
Petroleum products
thous. of dol__
Radios
thous. of delShoes and leather goods
thous. of dol—
Soaps and housekeepers' supplies
thous. of dol__
Sporting goods
thous. of dol..
Stationery and publishers... thous. of dol._
Tobacco manufactures
thous. of dol__
Miscellaneous
thous. of dol—
Magazine advertising:
Cost, total
thous. of dol._
Automotive
thous. of dol..
Building materials
thous. of dol—
Clothing and dry goods
thous. of dol—
Confectionery
thous. of dol—
Drugs and toilot goods
thous. of dol—
Financial
___thous. of dol—
Foods
thous. of dol—
Garden
__ thous. of dol—
House furnishings
thous. of dol—
Jewelry and silverware
thous. of dol—
Machinery
thous. of dol _
Office equipment
thous. of dol—
Paints and hardware
thous. of dol—
Petroleum products
thous. of dol—
Radios
thous. of dol—
Schools
..thous. of dol—
Shoes and leather goods
thous. of dol__
Soaps and housekeepers' supplies
thous. of dol—
Sporting goods
thous, of dol—
Stationery and books
thous. of dol—
Tobacco manufactures
thous. of dol—
Travel and amusement
thous. of dol—
Miscellaneous
thous. of dol—
Lineaee. total t.
_. .thous. of lines .

3,104
309
26
22
80
1,022
37
829
12
0
13
202
33
0

2,495
188
0
27
68
921
36
688
12
0
5
188
34
0

2,249
178
0
19
34
787
36
719
6
0
7
189
39
6

2, 561
222
18
27
20
969
40
700
38
0
19
193
56
12

4,527
544
35
25
117
1,497
57
1,218
26
8
24
318
95
15

4,363
299
37
28
115
1,460
51
1,259
29
17
21
325

0

3,728
371
32
30
78
1,168
56
974
50
0
20
243
36
0

J

4,451
380
33
36
130
1,513
46
1,279
17
21
16
289
96
0

190
0
18
416
112

190
0
31
326
114

216
0
35
310
110

178
0
48
187
107

141
0
27
93
65

112
0
23
38
54

160
0
24
46
16

134
0
49
316
48

178
0
72
302
75.

174
0
56
319
46

39

9,232
982
183
298
142
2,193
220
1,916
59
535
33
27
91
91
145
115
101
62

11, 693
1,543
293
413
168
2,431
250
1,969
75
867
109
40
110
163
258
108
113
198

11, 586
1,665
267
393
165
2,170
266
1,711
61
1,039
190
45
102
203
228
100
128
213

10, 822
1,639
191
326
178
2,119
241
1, 568
41
780
236
39
99
135
303
85
133
222

9,200
1,386
171
281
178
1,884
222
1, 607
31
351
86
32
81
88
288
98
132
106

7,291
997
131
113
226
1,698
195
1,330
8
183
36
41
70
24
248
64
143
39

8,008
1,016
214
296
178
1,502
230
1,366
16
448
52
32
59
51
213
80
150
134

10, 653
965
295
477
212
1,992
232
1,823
11
817
179
52
139
144
229
238
128
237

10, 852
755
274
452
209
2,382
285
2,071
7
796
233
60
180
84
163
213
109
201

8,938
362
196
278
237
1,819
232
1,636
18
539
284
49
146
28
180
180
115
123

583
55
161
439
284
319
1,765

576
72
187
449
343
414
2,013

717
114
198
523
459
574
2,469

711
184
149
425
521
652
2,501

643
223
137
486
418
580
2,271

651
223
117
454
257
472
1,853

438
179
82
461
152
433
1,534

461
169
167
433
188
554
1,827

556
112
310
548
313
643
2,264

555
101
257
503
302
660
2,317

318
179
385
539
354
739
2,136

4,412
363
25
30
176
1,552
74
1,197
67
0
18
216
91
9

« 3, 599
°325
4
30
•133
1,089
57
«970
049
3
21
245
39
0

3,998
348
0
36
119
1,222
64
1,061
78
0
22
267
45
0

3,740
338
7
40
109
1,168
63
999
46
0
24
241

179
0
32
293
90

142
0
13
392
89

9,618
855
202
238
158
2, 499
264
1,826
111
488
36
58
109

8,209
1,136
139
187
86
1,894
192
1,785
76
348
34
32
83
45
119
65

158
102
145
39
565
102
187
531
256
663
2,014

no

9

0

6, 510
«828
116
171
151
1,450
253
1,071
57
134
45
55
108
11
103
100
130
27
235
83
152
406
221
603
1,581

* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N. I. R. A. highway work started in September 1933;
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. See special note below on foreclosures.
t Revised series. See p. 20 of the October 1933 issue, Magazine lineage.
§ Index as of Mar. 1, 1935, 193.5.
• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States;
having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,
209.003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the
figures for these months are from a slightly different number of communities.
« Revised.
 122479—35
4



26

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1935 j
together with explanatory footnotes and references to the sources of the data, may be found Febru- j February j ary
in the 1932 Annual Supplement to the Survey

April 1935

1934
March

April i

May

June

July

1935
August l

8

^- October JNovem- DecemJanuary
ber

DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising:
Lineage, total (52 cities)*
thous. of lines- 85, 430
80, 788 103, 648 107,491 112, 122 103, 646
83, 183
88, 055
87, 692
96, 378 108, 810 106, 999 105, 669
Classified
.thous. of lines.. 15, 323
13, 661
16 577
17,932
17 389
15 781
18 689
16 475
17 808
17 414
17 936
18 605
17 790
Display
thous. of lines.. 70, 108
67, 126
87, 071
84, 957
72, 274
89,683 !i 94, 190
69, 902
88, 280
66, 709
78,442
90, 205
89, 585
4,183
Automotive
thous. of lines ._
4 358
3 920
6 260
6 179
8 180
9 296
9 503
3 592
7 076
3 917
6 514
4 841
Financial
-thous. of lines. . 1,450
1,643
1,432
2,083
2,010
1 808 i 1,481
1 528
1 718
1 219
l'l93
l' 285
1*653
General
thous. of lines.. 16, 939
16, 745
19, 384
13, 482
14, 989
20, 183 i 21, 798
19, 531
15, 279
22, 039
19, 095
16, 103
13, 769
Retail
thous. of lines.. 47, 535
44, 381
59,512 ; 61,616
54, 395
48, 942
59, 498
42, 636
65,614 | 69, 446
62, 595
56, 305
48, 401
j
GOODS IN WAREHOUSES
Space occupied, public merchandising warehouses
percent of total..
67 2
67.1
66.3
67 4
65 9
66 0
70 1
65 8
63 2
65 7
63 9
66 0
NEW INCORPORATIONS
2,159
Business incorporations (4 States)
number. _
2,608
2,092
2,106
2,106
2,507
2,393
2,320
2,185
2,048
1,788
2,140
2,013
POSTAL BUSINESS
Air mail mile performance* thous. of pounds. _
246 861 374 591 454 193 511 006 487 707 580 939 516 205 581, 405
Money orders:
Domestic, issued (50 cities):
3,625
Number
thousands _
3,780
4 394 ' 4,040
3 822
3 553
3 452
3 138
3 915
3 419
3 519
3 270
3 286
34 306 ; 38 328
Value
thous. of dol.
33, 812 31 743 36 183
36 429
32* 795
34 225
34 097
33 896
32 670
31 753
36 639
Domestic, paid (50 cities):
Number
thousands.. 10, 777
11,916
12,049 ! 13, 142
10 056
11 999
1 1, 257
10 375
12 620
10 253
10 476
10 953
9 784
79 ]92
Value
thous. of dol . 82, 717
90, 710
94 176
85 219
89 684
83 727
87 976 111 756 102 390 101, 699
88 045
88 088
Foreign issued value
thous. of dol _
2 219
5 567
2 217
2 006
3 047
2' 118
2 422
2 507
2 267
2 299
2 043
1 985
Receipts, postal:
50 selected cities
_ .thous. of dol..
50 industrial cities
thous. of dol..
RETAIL TRADE
Automobiles:*
New passenger car sales:
a
Unadjusted
_.
.1929-31 = 10073.0
27.7
51.5
45 7
39.2
68 4
87 9
78. 1
84 6
51 9
63 1
73 9
47 3
a
Adiusted
... 1929-31 = 10087.0
49.0
75.0
54 5
64 5
55 5
67 0
63 0
59 0
63 5
59 0
56 0 !
53 0
Chain store sales:
Chain Store Age index:*f
Combined index (18 companies) t
av. same month 1929-31 = 100..
96
94
92
92
95
92
91
92
93
93
91
90
93
Apparel index (3 companies)!
av. same month 1929-31= 100. _
96
99
95
102
100
103
98
91
88
99
90
101
97
Grocery (5 companies)!
av. same month 1929-31 = 100. .
88
86
86
82
82
82
84
85
86 ;
85
81
85
P/
Five-and-ten (variety) stores:*
Unadjusted
1929-31 = 100.. •75. 7
67.2
163.9
92 9
82 5
90 0
91 3
73 0
87 2
86 3
85 5
79 7
79 9
Adjusted
1929-31= 100. _ °90.7
90.2
88.9
91 5
90 0
87 5
94 8
87 2
90 8
89 5
89 5
90 0
90 3
H. L. Green Co., Inc.:*
Sales
thous. of dol_.
1,609
4,446
1,557
1 525
1 903
2 081
2 327
2 289
2 377 :
2 218
2 287
1 840
1 974
128
Stores operated
.
number..
128
130
132
133
132
131
130
133 i
131
130
132
131
i
S. S. Kresge Co.:
Sales
- thous. of dol..
8, 975
21,213
8,4.88
11 285
12 32 L ! 10 146
9 472
11 499
8 797
11 680
10 252 i 10 414
11 523
723 •
732
732
Stores operated
number
722
728
731
727
723
724
724
731
/^t
724
726
S. H. Kress & Co.:
4,968
4,762
12, 412
Sales
thous. of doL.
6, 367
6,182
5,083
6, 331 ! 5, 732
6,096
5,757
5, 336
5,574 1 5, 685
230
232
232
Stores operated
_ .number..
232
227 i
227
232
231
229
227
230
230
230
McCrory Stores Corp.:
2 419
Sales
thous. of doL.
2,317
5,526
2,148
2 745
2 390
2 777
2 658
2 497
3 257 i
2 365
2 582
2 820
194
205
194
207
Stores operated
number
194
194
202
204
204
204
195 !
205
200
G. C. Murphy Co.:
4,471 '
1,891
1, 803
Sales
thous. of doL.
2 246
2,426
1 584
2 367
2 466
2,481
2 060
2 076
2 118 i1 2, 105
186
186
Stores operated
number
186
181
185
181
181
184
181
181
180
180
180
F. W. Woolworth Co.:
22, 332
39, 566 1
17, 148
Sales
-- thous. of dol. . 18,219
22 005
17 861
19 788
22 000
24 035
19 515
20 795 1 21, 342 i 23, 3C4
1, 956
1,954
1, 955
Stores operated
..number
1 944
1 954
1 956
1 949
1 937
1 940
1 946
1 949
1 951 •
1 954
Restaurant chains (3 companies) :
3, 766
3,418
Sales
- thous. of dol .
3,444
3,475
3, 725
3 541
3 308
3 265 i
3 146
3 678
3 623 ! 3, 520
372
367
361
Stores operated
number
369
368
365
373
373 !
373
372
372
372
Other chains:
W. T. Grant & Co.:
5, 571
7,822
14, 212
5,166
6,572
7,494
Sales
thous. of doL.
7,361
5,743
6, 295
6, 774 ! 5, 950
7,180
4,550
465
462
465
464
465
Stores operated
- .number.
457
457
461 !
457
457
458
458
458
J. C. Penney Co.:
7
21,
242
12,
905
29,
300
Sales
.
- -thous. of dol.. 12, 039 0 11, 742
19,984
21,381
16, 49'
15, 477
17, 086
16, 797
16,119
13, 967
1,474
1,474
1,474
1,473
Stores operated
.number
1,466
1,467
1,468 ! 1, 469
1, 467 i
1 465
1,465
1, 465 i
1, 467
Department stores:
Collections:*
Installment account
16.5 !
16.4
percent of accounts receivable
17 5
16.7
18 3
15.6 i
17.1
15 8
17 3
16 0
15 0 i
16 0
Open account
43.9
45.7
44. 1
percent of accounts receivable
42 7
43 6
43 3
39 0 !
44 3
39 3
41 6 !1
38 9
40 7 !
61
135 i
82
83
59
79 1
Sales, total value, unadjusted- 1923-25= 100..
59
73
77
70
73
51 i
60 !
70
146 1
91
Atlanta*
.
_ _ .1923-25=10084
83
74
90 !
61
68
83 i
58 !
70 i
91
122
82
Boston
1923-25=100
47
73
71
!
° 58
46
64
70
45 i
66 i
73
54 i
a
a
a
0
a Rg
62
" 72 :
126 !
"60
« 78
73
°80 !
° 79
78
Chicago*!
- 1923-25 = 100.
"• 75
51
66 i
122 1
56
74
58
Cleveland*
1923-25=100
71
56
7"
73 '
70
50
59 i
79
71 !
70
85
92
146 !
60
Dallas*
1923-25=100
91 :
66
76 i
68
53 1
80
59
77
Kansas City
1923-25=100..
60
78
129 !
55
54
70 i
74
63
85 j
75
48
64
81
61
*>55
52
75
47
85
Minneapolis*
1929=100
70
69
76
117 \
78
64 i
81 ;
77
137 !
New York*
1925-27=100..
60
72 i
88
58
70
89
60
53
73
60 1
44
46
72
64
115 :
Philadelphia*
1923-25=100
45
64
60 i
65 '•
43
59 !
70
48
112
63
172 i
Richmond
1923-25 = 1 00
92
81 i
97
90
59
85 :
102
65
57
73
a
53
62
52
74
53
St. Louis
— 1923-25=100..
7]
67 :
75
43
76 :
78
117
58
62
144
67
70
80 i
83
66
75
71
65 i
60
74 !
81
San Francisco*
1923-25=100..
0
Revised. *> Preliminary.
* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p. 18 of the March 1934 issue. Data prior to October 1933 on collections
not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available prior
to May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933. For earlier data on department store sales by
Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago for which see note below. Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexes are computed by the Federal Reserve banks. For districts not marked by an asterisk the series are as
published in the 1932 Annual Supplement and subsequent issues.
t Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
index and grocery index of Chain Store Age have been revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue. For revised
index of department store sales in the Chicago Federal Reserve district see p. 19 of this issue.
 • New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement and
monthly issues prior to December 1934.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

27

SUEVEY OF CUEEENT BUSINESS

April 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935
Febru-

ary

1935

1934
Febru-

ary

March

April

May

June

August

July

n . K ' Novem- Decem- January
Septem- October
| ber
ber
ber

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued.
Sales, total value, adjusted
1923-25= 100. _
75
Atlanta*.
. .
1923-25 = 100
80
Chicago*!
1923-25=100..
79
Cleveland*
1923-25=100
68
83
Dallas*
1923-25=100
p 72
Minneapolis*
1929= 100_.
72
New York* .
1925-27=100
Philadelphia*
1923-25=100
56
San Francisco*
1923-25 = 100 ..
80
Installment sales, New England dept. stores,
9.3
ratio to total sales
percent-Stocks, value, end of month:
Unadjusted
1923-25 = 100 _
61
Adjusted
1923-25 = 100
64
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.. 41, 573
Montgomery Ward & Co
thous. of dol._ 17, 905
Sears, Roebuck & Co
thous. of dol.. 23, 668
Rural sales of general merchandise:*
82 0
Unadjusted
1929-31-100
Adjusted
..
1929-31 = 100
90.6

71
78
« 73
68

77
86
«76
77

77
84
"73
68

77
82
«76
74

a 74

74
74
77
67
73

73
71
73
67
74

9.4

6.6

6.5

7.5

63

67

68

68

36,016
15, 422
20, 594

43, 592
18, 312
25, 280

46, 037
20, 872
25, 165

73 1
80.7

74 0
79.6

70 8
73.8

78
69
71
55
74

66

80
79
81
69
79

65

81
68
77
62
73

65

74
82

79
77
76
58
81

77
86
75
74

89
78
78
65
83

72
77
«76
77

8.5

7.3

4.7

9. 2

71

74

60

a 71

82
74
78
63
76

74
76
°72
67

76
61
71
59
73

76
96
°78
68

86
75
75
66
78

74
72
77
63
78

6.1

7.6

12.2

8.5

63

59

61

67

64

64

65

64

64

51, 072
20, 935
30, 137

46, 330
19, 266
27, 064

37, 387
15,891
21, 496

44. 134
18, 915
25, 219

52, 997
23, 093
29, 904

64, 134
29, 704
34, 430

60, 595
26, 901
33, 694

76, 631
34, 684
41, 947

41,194
17,418
23, 776

74 9
79.7

68 3
72.3

58 2
75. 5

68. 1
79.2

97.9
98.8

108.7
89.1

110.4
89.8

134. 2
94.5

72.6
87.5

79.5
106. 9 !
110.9
98.6
99.1
113.4
304. 2
122. 1
115.8
185. 8
112.4
68.6
69.7
59. 0
99.1
91.1
91.9
88.4
49.0
62.9
36.2
33.9
98.3
78.9
66.8
65.3

75.8
108. 6
108.0
103. 0
98.8
112.9
305.5
127.1
115.7
176.7
121.2
66.0
65.3
58.6
101.0
85.7
85.5
86.8
49.3
65. 0
34 6
34.1
96 2
78.0
67.8
65. 9

78.4
109. 4
106.5
106.8
99.6
112.9
307.0
119.5
116.1
168.2
117.6
66.0
65.4
57.1
93.9
83.4
82.3
88.2
49.5
66. 5
36 3
33.9
89.3
77.9
72.9
65.0

76.8
108.6
104.4
105.5
99.7
111.9
320.8
109.0
115.4
151.9
109. 3
66.2
65.9
57.9
89.6
81.6
79.8
89.2
48.6
65.2
36 3
32.8
92.4
77.9
79.6
65.4

78.0
108.8
103. 9
102.8
99. 5
110 8
329.5
103 8
115.4
148.7
105.5
66.6
66.9
57.6
85.5
84.8
82 9
92.7
47.8
65 0
36 7
31 6
92.9
78.5
83.8
65.6

«78. 7
« 108. 4
103.0
101.3
98.7
109.0
0
338. 0
«94. 4
« 106. 7
144.6
94.3
« 67. 8
°69. 4
« 55. 9
« 85. 0
88.3
87.0
94.0
47. 1
64.1
35 9
30.9
95.6
79.6
89.6
65.9

69.0
217.5
73.4
67.7
72.7
87.1
93.8
104.8
55.2
66 0
54.4
80.7
73.9
53.1
31.8
55.0
87.6
88 2
85.6
90.1
65.1
83.7
92 5
51.7
71.2
79.3
110.9
114.9
100.6
101.8
111.3
304.2
110.8
115.4
114.7
68.8
70.3
57.6
92.4

66.8
219.9
73.2
57.5
70.8
84.4
95.3
105. 4
55.7
65 7
55.0
78.4
70.4
52.9
30.4
54.0
87.3
73 1
62 0
95.5
64.7
74.2
80 9
44.8
71.3
73.9
108.2
108 5
100. 8
100. 0
110.9
305. 5
110. 5 !
113.7
122.4
65.4
65.4
57.0
95.3

66.4
222.8
75. 1
61.8
71.0
82.9
96.4
106 6
53.9
65 1
53.1
77.4
69.4
51.9
29.9
50.7
86. 1
92 3
89.7
94.4
65.3
64.2
68 7 '

66.0
214, 5
76.0
62. 5
72.0
83.9
96.8
106.9
51.6
65 7
50.5
76.6
68.7
52.2
29.9
48.2
88.5
90 9
89.7
89.6
64.0
62.2
67 1
32.4
69.3
76.7 !
107.2 ;
102 3
101.8
100.5 :
113.0
320.8
107.3
113.6
108.2
66.4
66.7 i
57.8 i
93.6

66.8
207.9
76.9
62.2
74.0
87.5
97.5
107 4
52.0
65 5
51.0
79.0
71.9
50.1
28.0
41 6
87.4
92 8
94 0
86.0
61.9
78.4
88 9
34.0
68.5
78.9
108.1
101 8
101.3
101. 1
112.1
329.5
107.9
115.4
101.1
67.7
68.0
58. 1
88.9

69.2
191. 4
« 75. 9
61.2
"75.4
89.1
"95.6
0
106. 8
51.6
65 3
50.6
81.8
74.7
47.2
24.8
37.2
86.5
95 2
95.8
89.4
56.5
°92.4
a
108 1
34.2
a
68.3
«80.5
108.4
101 6
99. 1
101.0
111.1
a
338. 0
a
104. 8
0
109. 0
91.6
°69. 4
°69. 9
57.4
«90.8

66

1

73
80

79
90
82
70

72

65

72
83
"70
66

64

64

70

72
69
73
54
79

57

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (B. L. 5.)*.. 1923-25 = 100..
Chemicals and products
1923-25= 100. .!
Chemicals
.- .1923-25=100
Druggists' preparations
1923-25= 100..
Paints and varnishes
1923-25 = 100..
Petroleum refining
1923-25=100
Rayon and products
1923-25=100 \
Food and products
1923-25 = 100
Baking
1923-25 = 100..
Beverages
1923-25 = 100..
Slaughtering, meat packing.. 1923-25= 100..
Iron and steel and products___1923-25 = 100._
Blast furnaces and steel works. 1923-25 = 100. .
Structural and metal work.. .1923-25= 100..
Tin cans, etc
1923-25 = 100..
Leather and products _ .
1923-25 = 100
Boots and shoes
1923-25 — 100
Leather
1 923-25 = 100
Lumber and products
1923 -25 = 100. _
Furniture
1923-25 = 100
Millwork
1923-25 — 100
Sawmills
1923-25-100
Turpentine and rosin
1923-25=100..
Machinery
1923-25=100..
Agricultural implements
1923-25= 100..
Electrical machinery, etc
1923-25= 100..
Foundry and machine-shop products
1923-25 = 100
Radios and phonographs
1923-25=100..
Metals, nonferrous
1923-25 = 100..
Aluminum manufactures
1923-25= 100..
Brass, bronze, copper prod.. .1923-25 = 100..
Stamped and enamel ware.. .1923-25 =100..
Paper and printing
1923-25—100
Paper and pulp
1923-25 — 100
Railroad repair shops
1923-25=100..
Electric railroad
1923-25—100
Steam railroad
1923-25= 100..
Rubber products
1923-25=100..
Rubber tires and tubes
1923-25=100..
Stone, clay, and glass products. 1923- 25 = 100. .
Brick, tile, and terra cotta
1923-25 = 100..
Cement
1923-25 = 100
Glass
..1923-25 = 100..
Textiles and products
1923-25 — 100
Fabrics
1923-25-100
Wearing apparel
1923-25 = 100..
Tobacco manufactures
1923-25 = 100. .
Transportation equipment
1923-25 = 1 00. .
Automobiles
1923-25 — 100
Cars, electric and steam
1923-25=100-.
Shipbuilding
_ 1923-25 = 100
Factory adjusted (F. R. B.)*
1923-25 = 100..
Chemicals and products
1923-25 = 100..
Chemicals
1923-25—100
Druggists' preparations
1923-25=100..
Paints and varnishes
1923-25=100
Petroleum refining
1923-25=100
Rayon and products
1923-25 = 100. .
Food and products
1923-25 = 100
Baking
1923-25=100..
Slaughtering, meat packing.. 1923-25 =100..
Iron and steel and products
1923-25=100..
Blast furnaces and steel works . 1923-25 = 100. .
Structural and metal work.. .1923-25=100..
Tin cans, etc
1923-25 = 100..

81.2
109. 4
102.8
102.4
102.2
107 3
346. 8
93 8
145.7
87.2
70.6
72.9
53.8
83.9
91.6
90 7
95 6
49.4
66 9
37 9
32 7
96.3
82.1
92.7
67.5

77.7
110.6
104.8
102.4
97.6
110.6
325. 2
93.9
108.4
141.5
95.5
66.6
67.3
52.8
79.6
90.3
89.6
93.6
47.1
62.4
36. 1
31.3
98.6
72.9
75.6
59.2

80.8
112.8
107.7
103.1
98.4
110.2
321.9
96.2
110.3
147. 7
92.8
70.0
70.1
53.9
85.4
92.7
92.2
95.1
48.5
63.0
37.6
32.6
101.4
76.8
75.9
61.8

82.4
113.3
110.8
100.6
102.6
107.8
319.0
97.2
111.2
156.6
92.4
72.6
72.9
56.0
88.2
92.3
92.2
93.2
49.4
60.8
39 4
34.3
101.2
80.3
87.2
63.7

82.5
106.1
111.2
97.7
107.4
109.5
267.7
99.6
113.2
169.1
96.7
75.2
76.8
58.5
91.2
91.4
91.3
92.1
51.0
61.3
40 4
36.1
102.4
81.3
83.0
65.4

72.0
188.8
79.2
65.0
80.8
94.3
96 7
108 7
52.9
65 9
51. 9
83.2
75.7
49.6
25.7
37 8
91.7
98 4
97 2
96.8
57.3
100.9
117 5
43.6
72.8
81.9
108.6
101 2
101.4
102.3
108.7
346.8
105.0
113.8
85.7
70.4
72.2
55.3
87.7

64.1
177.5
70.9
79.6
72.7
79.8
93.1
102.5
53.4
65 8
52.5
84.6
74.6
49.8
25.6
41.0
89.5
96 8
96.4
93.4
62.1
84.6
97 4
37.7
66.0
78.4
109.6
103 1
101.4
97.7
112.1
325.2
104.3
110.8
93.9
66.4
66.6
54.3
83.2

68.3
187.6
75.1
81.5
78. 1
87.5
93.7
104.4
55.5
66 3
54.7
87.1
78.1
52.1
26.9
42.4
93.9
100 0
98.4
99.4
64.4
93.4
108 4
41.1
69.3
81.0
110.9
106 5
100. 9
97.7
111.3
321.9
107.8
112.6
95.1
69.1
68.6
55.2
88.1

71.6
200.2
76.9
82.2
79.1
94.0
95.1
106.8
57.8
66 3
57.2
90.0
82.1
55.3
30.5
48.0
95.9
99 1
96.8
100.0
64.7
99.4
114.9
46.2
71.7
82.2
109.4
110.1
102.4
102.2
107.8
319.0
104.0
113.0
95.4
71.5
71.4
56.7
87.8

73.6
201. 2
77.8
78.1
81.2
95.6
95.9
107.2
59.6
66 7
59.1
89.1
82.7
57.7
33.1
57.6
95.1
96 1
94.9
94.7
61.3
99.7
114 4
50.6
73.1
82.4
107. 9
113 1
101.3
103. 6
109.7
267.7
106.4
113.2
97.9
74.3
75.7
58.9
90.3

m.3

i
!
i
;

81.1
104. 5
111.7
96.9
106. 1
111.4
273.8
105. 1
114.6
183.0
101.4
76.4
79.1
59.7
96.7
87.7
86.8
91.5
50.0
62.4
37 9
35.1
98.6
80.8
73.3
66.2

78.7
105. 3
112.3
93.8
101.2
111.7
298.8
110. 1
116.3
188.9
103.5
70.3
72.4
59.0
99.6
89.4
89.0
91.5
48.8
62.0
37.0
33.8
97.3
79.0
69.3
65.1

73.1
206. 0
75.9
76.0
78.2
93.0
94.7
106 0
59.8
66 7
59.3
85.6
81.7
57.1
34.4
59. 1
93.6
90 9
89 9
89.3
62.4
95.6
106 8
57.8
76.6
81.4
108.9
113 9
101.4
102.2
110.4
273.8
107.3
113.4
101.9
76.3
79.3
59.4
93.4

69.5
205.0
73.1
67.5
75.0
90.3
93.4
104.8
58.3
66 3
57.7
83.9
77.4
54.2
31.7
58.4
89.1
85 9
87.0
79.8
61.1
88.4
98 4
55.8
69.2
79.4
109.6
115. 1
99.0
101.4
109.3
296.8
106.7
114.6
104.1
71.4
73.4
57.8
95.8

!
!1
!
',
i
!
!
!
i

!

36.6 :

71.2 i
76.7
107.5
105 3
102. 1 !
99.3
113.1 '
307.0
109.3
114.3
116.7
65.6 !
65.9
55.8
94.1

0

a
Revised.
v Preliminary.
* New series. For earlier data on factory employment unadjusted in detail, see pp. 16 to 18, inclusive, of the June 1934 issue. See pp. 16 and 19 of the July 1934 issue
for factory employment adjusted total and in detail, and unadjusted total. See p. 20 of the December 1934 issue for rural general merchandise sales. For earlier data on
department-store sales see p. 20 of the February 1935 issue, except for Chicago. Note that adjusted indexes are not available for thg Federal Reserve districts not shown.
Note also that the combined index (adjusted) is computed by the Federal Reserve Board and the district adjusted indexes are computed by the Federal Reserve banks.
f For Chicago department store sales see p. 19 of this issue.




28

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Februin the 1932 Annual Supplement to the Survey ary

April 1935

1934
February

EMPLOYMENT

March I April | May

June I July

1935
| August

Se

£e®m" | October [

n-1 Decem- January
ber

CONDITIONS AND WAGES—Continued

I
EMPLOYMENT— Continued
Factory adjusted— Continued.
91.4
94.0
88.9 1
87.9
82.4
88.4
93.0
81.4
Leather and products
1923-25=100..
83.4
88.9
90.5
89.1
89.7
94.2
90.9
87.5
81.4
93.1 \
87.7 !
88 4
Boots and shoes
1923-25 = 100 .
87.8
88.1
88.9
90.0
79.7
82.3
93.4
94.1
93.8
89.7
86. 7
93.2
Leather
1923-25=100..
91.2
93.0
92.3
92.3
88.3
88.6
92.9
48.4
51.3
48.8
48.0
47.3
Lumber and products
- _ .1923-25=100
50.0
49.8
47.7
47.8
50 8
48.4
48 8
49 8
64.5
62.8
64.7
64.9
66.4
67.6
Furniture.
.1923-25 = 100 .
64. 1
63.0
63.0
61.2
62.9
63.0
60.7
37.4
36.7
34.3
39.9
35.7
37.3
Mill work
1923-25=100
39 2
36 3
38 4
36 6
36.0
37 0
38 1
34.2
35.6
33.1 !
33.0
32.2
34.2
33.0
32.4
Sawmills
1923-25=100 .
32.7
33.7
34.5
33.3
32.6
82.0
81.2
79.2
83.2
79. 1
78.1
78.4
81.5
75.7
75.8
81.4
Machinery
.1923-25 = 100..
74.0
77.2
80.5
73.8
73.2
70.5
76.4
84.1
Agricultural implements
1923-25=100..
72.4
82.1
87.1
82.3
i
86.7
70.9
71.1
65.4
66.2
65.3
59.2
65.1
65.0
Electrical machinery, etc
1923-25=100..
65.9
65.4
65,6
65.9
67.5
61.8
63.7 |
F o u n d r y and machine-shop products
72.4
72.3 |
68.9
69.5 1
68.4
71.6
1923-25=100
70.4
66.6
66.9
63.8
67.4
70.3
67.3
227.4
230.2
216.4
213.5
197.7 ! 164.7
157.1
203.8
Radios and phonographs
1923-25=100—
250.8
253.7 ! 239.4
« 0227. 3
175.5
78 2
76 8
75 1
74 9
76 1
Metals nonferrous
1923-25 — 100
76 0
73 6
74 1
78 3
70 1
76 8
73 7
74 9
80.7
78.7
75.8
73.3 i
71.6
79.3
Brass, bronze, copper prod. ..1923-25 =100..
71.3
71.9
74.5
"75.8
76.0 !
77.7
72.8
93.2
94.3
92.9
88.4
91.4
89.1
Stamped and enamel ware— 1923-25 =100. .
91.4 i
85.8
82.8 !
92.0
78.9
84.3 I
84.0
a
96.5
95.5
95.8
94.4 i
95.0
96.4
Paper and printing _
1923-25= 100. .
95. 6
96.0
94.9
92.9
93.4
95.5
95.4
107.2
106.0
105.4
106.6
107.4
108.7
Paper and pulp
1923-25=100104.8 '. 104.8
104.4
106.8
102.5
« 106. 8
106.9
59.2
59.4
52.1
52 4
53.6
54.2
58.0
55.4
53.7
Railroad repair shops
1923-25 = 100
57.4
55.0
51 7
55 8
65. 7
66. 7
66.7
65.1
65.9
Electric railroads
1923-25=100..
66.3
65.8
66.0
65.5
65.3
66.3
66.3
65.7
52.7
58.8
54.7
58.7
57.4
54.2
52.8
51.
1
51 4
Steam railroads
1923-25=100
56 8
50 7
53 3
55 0
0
83.2
83 8
78 1
87.5
82 8
82 0
79 0
79 5
Rubber products
1923-25 — 100
90 4
83 4
85 1
77 0
89 0
76.4
78.9
Rubber tires and tubes
1923-25 = 100. _
76.7
74.0
71.8
74 .4
77.0
75.4
73.8 !
71.7
80.7
71.0
79.7
56.2
52.4
54.9
50.0
Stone, clay, and glass products.l923-25 = 100._
51.1
53.9 ;
52.0
51.7
52.7
53.1
54.7
51. 2
51.9
29.6
29.2
Brick, tile, and terra cotta... 1923-25 = 100__
32.0
29.4 i
28.2
29.4
29.3
29.5
29.2
30.3
28.7
31.3
30.0
42 .4
55.4
55.9
54.3
50 9
48.8
Cement
1923-25 = 100
43.9
41 9
46. 1
48 2
51.6
47 8
45 3
94.1
93.4
90.5
81.7
Glass
. __
.1923-25=100 .
94.4
89.1
87.8
91.8
92.8 i
85.3
94.0
93 1
87.4
92.2
92. 1
96.6
72 9
90.7
Textiles and products
1923-25 = 100
96.0
90 2
91.3
95 1
95 1
97 8
97 3
90 2
94 g
95 6
94 8
91. 1
88 8
92 4
Fabrics
1923-25 - 100
96 1
90 6 1
89 0
94 8
62 7
96 5
88 2
94.8
90.8
92.4
91.3
94.7
85 5 i
93 4
87 4
Wearing apparel
1923-25 = 100
91 3
97 3
91 3
94 9
90 8
62.5
61.6
62.7
65 7
61.8 i
65.4
62.9
61.6
Tobacco manufactures
1923-25=100 . 57.7
62.6
61 1
60 7
64 9
98.4
69.3
91.2
84.4
Transportation equipment
1923-25 = 100—
90.6
"93.5
94.0
75.5
70.4
82.5
89., 6
85.8
83.7
114.1
104.1
92.3
82.1
74.7
Automobiles
1923-25 = 100
95 5
96.6
108 8
101.1
* 109 2
94 6
103 7
77 4
38.2
53.2
46.9
Cars, electric and steam
1923-25 = 100. _
37.0
38.3
46.1
52.1 ;
43.9
40.5
49.2
41,, 4
42.8
35.9
0
69.3
76.1
Shipbuilding
1923-25 = 100
75.7
70.9
62 8
76 0
66 3
70 8 I
75 3
68.5
72 1
65 7
Factory, by cities and States:
Cities:
0
78.4
79.4
81.9
Baltimore*...*
1929-31 = 100..
84.5
84.6
80.1
77.3
76. 1
81.6
80.6
75 7
79 6
78 2
68.3
66.9
67.7
69.3
Chicago*
1925-27=100
70 1
66 0
63 2
65 1
67 2 !
67 9
65 6
64 2
65 9
86.4
76.3
Cleveland* _
. 1923-25 = 100
86.7
87.5
76.7
78.6
83 9
83.6
88 5
82 6
79.6
84 5
74 8
109.5
50.2
83.1
91.2
Detroit
1923-25 = 100..
100.5
64.2
112.7
70.2
99.1
83.9 !
108.3
62.4
107.7
90.0
86.2
85.1
76.9
Milwaukee*
1925-27—100
82 6
84.0
81 6
81.0
77 5
86 9
75 8
80 6
79 4
73.4
75.6
New York..
.1925-27 = 100
70.5
71.4
74.7
73.3
75. 1
74 7
73.6
70.7
68. 1 i
71.8
74 1
89.5
82 9
84.6
88.4
83 3
82
1
Philadelphia!
1923-25-100
86 5
81 4
84 5
83
8
86
2
83 9
67.4
69.2
66.6
66.3
70.8
65 5
Pittsburgh*!
- 1923-25 = 100
67 0
68 4 l
65 8
64.1
68 9
65.3
65 8
States:
83.2
Delaware! .
_
..1923-25=100
92.4
94.7
91.6
84.6
84 4
91.2
90 4
93 0
92 7
93 5
89 6
86 2
73.1
Illinois
1925-27=100..
72.1
70.4
72.7
74.2
73.5
71.5
69.9
69.9
66.0
72.9
69.1
70.3
110.2
Iowa
. . 1923 = 100
111.7
108 9
111 8
111.8
109 3
101.6
108 9
106 7
108 5
111.0
105 5
113 0
73.5
69.3
70.1
74.8
57.4
68.7
71.1
73.0
74.1
67. 6
68.3
67.7
Massachusetts*!
1925-27 = 100,.
Maryland*
1929-31 = 100
89 4
87.6
86 7
85 5
87.V
85 4
« 84 9
90 3
87 0
86 2
83 8
86 7
85 5
73.8
New Jersey!
. . 1923-25 = 100
76.0
75.3
°73 1
74 8
76.9
76 4
76.7
73 9
76 o
77 0
75 0
75 0
73.1
New York
.1925-27=100..
73.2
72.1
71.0
71.4
72.0
71.1
70.6
69.6
72 2
69.7
70.4
70 9
a
91.9
Ohio
_ 1926 = 100
93.3
84 4
87 3
93.8
85 3
85.4
91 9
89 0
87 6
81 9
83 0
89 6
72 4
76.1
Pennsylvania!
1923-25 = 100
75 0
75 0
74 3
75 5
75 6
72 9
74 4
75 6
74 4
74 5
74 7
84.0
Wisconsin
1925-27=100..
84.1
80.2
77.2
84.1
80.6
81.3
79.6
85.7
82.4
80.9
79 3
79.5
Nonmanufacturing (Dept. of Labor):
Mining:
64.4
Anthracite
1929=100
63.2
62 9
58 2
63.8
57.5
49.5
56.9
58 5
61.6
53 6
60 7
67 5
77 o
Bituminous coal
1929=100
81.1
72 2
76 1
76 7
76 7
78 2
79 3
77 1
79 7
80 0
77 8
79 8
44.3
Metalliferous
44 3
41 7
41.0
44 4
40 3
40.8
42 7
42 3
43 3
39 9
39 8
43*2
f 1929=100
74.2
79.5
74.9
78.7
Petroleum, crude production _ _ _ 1929 =100—
72.4
81.8
74.0
76.7
80.0
78.8
82.7
72.8
81.6
37.3
Quarrying and nonmetallic
1929 = 100..
56.6
42.1
36.9
54.3
51.8
38.8
48.7
55.6
53.3
42.0
54.7
49.5
Public utilities:
71.0
Electric railroads
1929—100
73.2
72 2
72.6
72 5
72 2
71 2
71 0
71 0
73 1
72 8
71 7
71 8
82.2
82 4
82 7
Power and light
1929—100
83 1
84 0
81 2
85 0
85 6
85 8
83 6
85 8
85 6
81 7
70.0
Telephone and telegraph"
1929=100__
70.2
70.2
70.4
70.3
69.8
71.0
70.5
71.0
70.9
69.7
70.0
69.9
Trade:
80.2
90.8
82.5
82.9
82.6
80.7
Retail f—
1919=100..
79.6
82.6
79.0
81.5
77.8
81.7
83.7
84.6
Wholesale!
....
1929 = 100..
84.2
81.2
82.1
82.8
82.3
82.2
83.5
84.3
85.0
81.8
82.5
85.1
Miscellaneous:
Banks, brokerage houses, etc.*!-1929=100_.
99.4
(3)
(3)
(3)
(3)
(3)
(3)
(3)
1
(')
(3)
(3)
(3)
(3)
Dyeing and cleaning*!
.1929=100
69.6
84.3 !!
84 9
72 4
80 0
72 4
68 1
79 9
80 5
78 6
80 3
70 3
75 8
Hotels
1929 = 100
86 7
86 2
84 8
86 7 !
85 7
85 4
86 4
86 3
86 2
84 4
83 3
84 2
83 7
79 5
Laundries*!
1929-100
79 6
82 1
80 5
84 0
82 9
78 4
79 2
84 6
83 7
79 6
81 7
80 3 i
Miscellaneous data:
Construction employment, Ohio .1926 =100..
18.0
24.5
21.0
20.2
31.7
38.0
30.5
26.4
25.1
26.6
21.6
•17.5
24.7
Farm employees, hired, average per farm •
number..
.68
.92
.80
1.02
.94
.67
.80
.87
.80
.65
.88
.65
.66
Federal and State highway employment,
!
total*
number
221, 406 306, 090 296, 265 345, 278 466, 504 545,013 549, 203 531 034 498 151 450 322 426 603 ! 323 700 240 414
Construction*
number
99 197 179 125 164 038 209 167 299 133 374 056 380 701 350 764 309 745 281 087 267 152 189 020
120 9131
Maintenance*
.
number
122, 209 126 965 132 227 136 111 167, 371 170 957 168 502 180 270 188* 406 169 235 159 451 134 680
120 83
Federal civilian employees:
United States*
_ number
715,901 647, 759 659 503 680 026 694, 968 1 696 977 702 037 707 546 713 662 715 606 707 307 707 606 710 347
Washington
number
95, 517
79, 913 81, 569 83 850 85, 939 87 196
87 978
91 065 92 557
93' 322 93 827 94' 050
94 389
Railroad employees, class I
thousands..
988
992
1,061
1,033
1, 071
1,015
1,065
1,048
1,035
1,028
978
995
977
Trades-union members employed:
All trades
percent of total..
76
74
76
76
75
72
75
72
75 '
76
73
74
75
40
Building trades*
percent ot total
45
42
39
45
45
43 i
43
42
44
44
43
40
Metal trades*
_
percent of total
75
66
72
75 1
70
76
75
78
75
73
74
75
73
Printing trades*.
percent of total _
85
82
81
82
83 i
83
82
83
83
83
84
83
83
All other trades*
percent of total
83
83
84
84
84
81
78
78
83
84
80
79
81
54
On full time, all trades.. .percent of total..
52
52
53
53
49
48
52 I
53
48
48
51
49
« Revised.
3 Not available.
* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, total United
States, pp. 18 and 19, December 1932; employment in banks and brokerage houses, etc., Federal and State highway employment, dyeing and cleaning establishments, and
laundries and employment in Chicago, pp. 19 and 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934; trades-union members
employed, p. 18, of the December 1932 issue.
! For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania, and Philadelphia, p. 19, September 1933-, for revisions of
years 1930-34 for those series and for the city of Pittsburgh, see p. 20 of the March 1935 issue; for Massachusetts; employment for 1931, 1932, and 1933, p. 19, August 1933.
Employment in banks, brokerage houses, etc., for 1932. p. 28, January 1934. Employment in laundries and dyeing and cleaning establishments, p. 20, August 1934. For
revised data on employment in wholesale and retail trade for 1929-34, see p. 20 of the March 1935 issue.
• Figures represent the condition as of the end of the month shown. They have been pushed back from the data published as of the first of the following month by the
Department of Agriculture. This method was followed since September 1932. Figures shown previous to that date in the Survey are as of the first of the month.



SURVEY OF CURRENT BUSINESS

April 1935

Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found j Februin the 1932 Annual Supplement to the Survey j ary

29
1935

1934
February

March

i
April 1

May

June

July

August September October

No v e m
b er "

Decem- January
ber

EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS
Hours of work per week in factories:*!
35.4
34.1
33.5
34.0
Actual, average per wage earner
hours—
36.4
33.3
35.0
35.5
36.1
35.5
33.9
36.4
37.1
Industrial disputes. §
254
264
Disputes (in progress)
_ .number. _
257
232
264
281
209
250
135
326
203
216
217
Man-days lost
number. . 756, 000 "939, 580 "1,424,833 "2,517,749 "2,226,069 "1,675,693 "2,018,872 "1,734,268 "4,027,907 "862, 778 "857, 205 "393, 740 "701,000
Workers involved (in progress)
number. . 89, 000 "119, 910 "127, 742 "199, 580 °249, 693 "106, 800 "218, 985 •122, 092 "486, 746 "103, 450 "98, 735 " 74, 176 « 108, 000
Labor turn-over: •
3.24
4.19
3.58
3.71
3.61
4.09
4.32
6.14
Accessions
percent of no. on pay roll
6.71
6.33
5.18
6.33
4 23
Separations:
.19
.23
.22
.18
.19
.16
.19
Discharged
percent of no. on pay roll-.19
.21
.15
.15
.18
.18
3.41
3.56
2.04
3.48
Laid off
_ ..percent of no. on pay roll
1.85
2.96
4.38
2.72
2.08
3.65
3.78
2.10
1.88
.94
.75
.70
1.55
.73
.62
Voluntary quits, percent of no. on pay roll—
.85
.93
1.11
1.01
.58
.76
.73
PAY ROLLS
Factory unadjusted (B. L. S.)*— 1923-25 =100..
Chemicals and products
1923-25=100
Chemicals
1923-25-100..
Druggists' preparations— . . . _ 1923-25 = 100—
Paints and varnishes..
1923-25 = 100..
Petroleum refining .
1923-25=100
Rayon and products
1923-25-= 100
Food and products
1923-25=100
Baking
1923-25 = 100
Beverages
1923-25 — 100
Slaughtering, meat packing_.1923-25=100—
Iron and steel and products
1923-25=100—
Blast furnaces and steel works. 1923-25 = 100. _
Structural and metal work... 1923-25 =100Tin cans, etc
1923-25=100
Leather and products
1923-25=100
Boots and shoes
1923-25= 100. .
Leather
1923-25-100
Lumber and products
1923-25=100..
Furniture ._
1923-25=100
Mill work
1 923-25 - 100
Sawmills
1923-25=100
Turpentine and rosin
1923-25 = 100
Machinery
1923-25 = 100 ._
Agricultural implements
1923-25=100—
Electrical machinery, etc
1923-25 = 100. _
Foundry and machine shop products
1923-25 = 100Radios and phonographs
1923-25=100..
Metals, nonferrous
1923-25=100..
Aluminum manufactures
1923-25= 100—
Brass, bronze, copper prod. ..1923-25 = 100.
Stamped and enamel ware— 1923-25 =100. .
Paper and printing
1923-25—100
Paper and pulp
.1923-25= 100. _
Railroad repair shops
1923-25=1 00. .
Electric railroads
1923-25=100
Steam railroads
1923-25=100—
Rubber products
1923-25 = 100
Rubber tires and tubes
1923-25=100..
Stone, clay, and glass products. 1923-25= 100. .
Brick, tile, and terra cotta_. _ 1923-25 =100Cement
1923-25=100..
Glass
1923-25 = 100..
Textiles and products _._ _ _ 1923-25=100
Fabrics
1923-25 = 100..
Wearing apparel
1923-25= 100—
Tobacco manufactures
1923-25 = 100- .
Transportation equipment
1923-25=100..
Automobiles
1923-25 = 100..
Cars, electric and steam
1923-25=100.
Shipbuilding
1923-25= 100. _
Factory by cities:
Baltimore*
1929-31-100
Chicago*
1925-27 = 100..
Milwaukee*
1925-27=100—
New York*
1925-27=100Philadelphia*f
1923-25=100..
Pittsburgh*t
1923-25 = 100—
Factory by States:
Delawaref
1923-25=100—
Illinois A
1925-27 — 100
Maryland*
1929-31 = 100
Massachusetts*!
1925-27=100.
New Jersey!
1923-25 = 100..
New York
1925-27 = 100—
Pennsylvania!1923-25= 100. _
Wisconsin
1925-27=100—
Nonmanufacturing (Department of Labor):
Mining:
Anthracite
1929=100—
Bituminous coal
1929—100
Metalliferous
1929 = 100..
Petroleum, crude prod action ... 1929 =100. _
Quarrying and nonmetallic
1929=100—
Public utilities:
Electric railroads
1929=100—
Power and light
1929=100
Telephone and telegraph
1929 =100. .
a
Revised.

69.1
93 2
91.0
97.9
83.7
95 3
252 3
83 4
93 7
137 2
76.5
58.9
63.8
37.6
75 5
82 5
79.2
92 6
34.8
47 1
25 3
21 4
54 2
64.3
100,9
55.0
55.7
105.2
63.4
58.7
63.2
86.8
84 1
86.8
48.0
59 7
47.2
71 9
65.8
34.8
15.0
22 1
75.6
84 5
84.5
79.5
40.8
94.7
110. 3
43.4
59.7

200.0

208.6

95.6
98.2
193.5
91.4
47.6
47.9
40.6
94.5
77.2
76.2
79.2
31.6
39.3
23.1
20.9
50.3
58.5
70.2
49.8

62.2
90.0
96.5
89.9
77.9
97.2
213.2
105.1
97.8
185.0
99.0
45.5
44.0
41.8
93.6
78.7
79.1
76.1
33.5
42.7
23.1
22.1
51.3
58.1
68.3
50.2

56.8
112.4
60.6
63.5
62.1
83.6
80 6
79.8
53.8
59.4
53.5
70.3
64.5
39.5
18.1
35.8
75.8
74. 1
74.9
68.1
46.3
88.3
100.4
49.2
60.0

55.5
117.4
57.9
59.1
58.4
80.1
78 9
78.5
53.8
59.6
53.5
66.5
81.1
38.8
19.3
39.9
73.4
66.4
66.9
61.7
47.5
78.5
85.8
56.7
60.2

51.1
114.4
53.6
43.8
54.4
72.9
77 3
77.1
51.1
58.8
50.6
61.9
55.9
36.1
17.0
39.1
69.5
62.5
64.4
55.3
47.3
66.0
70.7
50.7
55.6

50.3
123.1
53.2
40.8
51.2
70.8
78.4
78.8
48.5
58.5
47.9
58.8
49.9
34.9
16.8
35.4
68.2
68.1
64.7
70.6
49.3
70.4
76.5
51.2
56.4

46.7
127.0
54.0
41.4
48.7
66.7
80 3
79.6
45.6
56.9
44.9
56.1
47.6
34.7
16.1
33.9
67.4
57.5
49.1
70.9
50.3
52.3
54.3
40.0
57.0

47.6
137.8
57.5
51.1
49.5
70.4
82 7
83.2
46.8
57.1
46.2
58.3
49.6
35.5
16.9
32.4
69.4
74.7
73.1
73.4
49.0
49.7
52.0
34.4
56. 2

46.6
131. 5
58.8
53.8
51.3
71.9
82 7
82.0
44.4
57.4
43.5
58.1
50.4
35.6
16.5
29.4
72.0
71.1
72.5
64.1
48.8
48.4
51.3
30.0
54.0

49.7
132.0
61.5
66.2
55. 6
79.1
86 3
83.5
44.4
58.4
43.5
66.0
60.0
34.4
15.3
24.1
71.9
75.3
80.2
61.3
49.9
67.6
76.4
31.5
55.3

76.6
44.6
64.8
59.2
68.1
68.3

77.6
45.5
65.8
56.2
67.4
68.6

75.4
45.8
61.8
55.3
67.1
52.9

68.8
45.2
61.1
59.4
68.1
58.4

68.9
46.1
56.7
60.8
66.4
50.3

66.2
46.4
58.8
61.8
70.8
54.7

67.7
43.7
60.7
59.6
72.5
53.7

66.4
45.0
66.4
60.3
75.1
55.8

81 1
91.4
128 5
78.6
45.7
46.1
33.5
70 5
81.7
81.0
82 6
30.5
40 5
21 7
19 1
51.7
51.8
75.7
40.9

64.8
89.1
89.1
92.6
77.1
92 0
218.2
82 2
91.8
138 3
75.9
51.3
52.2
35.1
79.7
84.4
84.1
83.9
31.9
41. 1
23 2
20 7
46.2
55.8
78.2
43.8

67.3
92.3
95.8
92.4
83.0
92.0
221. 3
83 1
91.3
150 9
76.1
56.8
59.4
37.6
84.2
82.1
81.8
81.9
33.3
40.3
24 6
22.5
53.7
60. 5
93.6
47.8

67.1
88.3
94.4
88.5
87.9
92.7
191.2
87.2
95.3
167 0
80.7
61.3
66.1
41.5
86 9
78.9
77.6
82.0
34.6
40.5
25 3
24.2
51.4
62.2
87.2
49.9

45.4
96.5
52.2
61.1
51.4
66.2
76 0
76.4
45.6
56.4
44.9
65 2
57.9
33.3
13.1
22.5
73.5
77 9
78.3
72.3
45.5
71.9
82.3
35.4
49.0

49.9
101.5
56.8
64.2
56.3
75.8
77 7
78.6
48.5
58.6
47.9
70. 5
63.4
34.7
13.7
24.1
74.6
82 6
80.8
81.4
45.8
84.4
98.1
38.9
52.4

54.4
108.9
58.9
67.0
59.8
80.8
77 7
81.3
53.0
59.2
52.7
73.4
67.6
38.8
16.4
30.6
80.8
79 8
79.3
76.1
46.2
92.4
107.4
44.8
53.9

60.6
87.2
88.0
91.8
74.5
90 8

220.0

64.9
88.1
96.1
90.3
86.3
93.1

91.9
96.5
182.5
87.2
62.6
68.9
42.7
94.1
72.9
70.5
79.8
33.9
41.2
24 1
23.2
51.0
61.6
78.1
51.8

60.5
88.7
96.6
86.1
78.8
95.7

61.0
91.6
92.4
99.1
78.1
97.9
217.2
103.4
98.3
157. 2
107.0
42.8
39.2
40.8
82.5
64.3
60.4
76.9
35.2
47.2
24 1
22.6
45.1
57.0
74.4
49.3

59.5
90.9
90.7
96.8
78.5
96.8
231.6
96.1
98.6
142.2
100.7
44.2
41.7
41.2
79.4
61.0
54.6
82.0
33.6
44.5
24 0
21.3
47.9
57.2
85.7
50.0

63.2
91.7
90.0
94.8
78.1
97.8
240.1
92.9
98.7
135 0
98.4
47.6
46.5
39.2
79.6
69.1
63.7
86.5
33.3
45.9
24 6
20.0
50.2
60.2
91.2
52.2

64.1
°91. 6
90.8
96.8
79.4
95 2
0
245. 4
"83.3
"89.6
133 4
84.0
"51.9
« 53. 9
"39.5
"80 7
76.4
72.5
88.5
31.7
43 5
23 0
19 1
52.7
60.8
97.5
52.4
51.5

•112.5
°58.4
51.1
58.3
77.6
°83 4

«83.5

43.8
58.0
42.9
69.4
62.2
31.6
13.0
21.2
69.9
«78. 5
•82. 2
66.6
41.5
°79. 4
"92.2
31.7

«56.2

°65. 2
45.6
67.7
58.6
72.4
56.4

72 0
48.4
73.4
60.9
74.4
64.1

65 9
40.5
53.6
57.4
64.5
49.6

70 6
41.4
58.6
62.1
68.0
54.9

75 3
42.0
59.7
60.9
68.8
57.8

62.8
52 7
78 0
60.9
61.9
67.3

65.5
43 2
70 3
58.8
56.3
54.7
53.4
54.4

66.2
45 2
74 5
60.6
57.0
58.3
57.6
58.9

66.7
46 8
78.7
60.7
57.7
59.0
59.3
59.6

65.9
49 1
78.9
59.6
59.4
58.2
62.9
63.9

68.5
49 9
79.9
55.0
59.6
57.0
61.7
64.0

68.3
48.0
77.1
54.3
58.1
55.7
55.5
62.1

64.7
48.6
72.6
55.0
59.3
56.9
57.3
60.7

65.1
48.6
73.0
47.5
59.0
57.3
53.1
57.8

67.7
49.8
70.5
53.1
58.8
57.2
57.2
60.8

61.6
47.4
72.5
51.9
58.3
56.1
66.4
60.2

61.2
48.2
72.1
58.4
59.7
58.0
58.1
62.5

59.8
•58.1
58.3
57.8
62.0

64.3
66 1
29.9
54.9
22.2

65.8
54 6
26.0
50.5
21.0

82.4
58 9
25.9
52.5
24.1

51.7
51 4
27.2
53.4
29.9

64.0
54 4
25.6
56.4
35.0

53.3
55 1
26.7
56.9
37.0

42.3
49.7
25.1
60.0
35.0

39.7
50.4
27.0
61.2
34.0

47.0
51.4
25.9
59.7
32.4

48.3
57.6
28.2
60.8
32.1

51.2
58.3
28.5
59.0
29.4

52.3
57.0
29.4
59.5
23.6

57.5
59.6
30.1
55.5
20.8

63.1
78 3
72.9

60.1
74.4
67.9

62.2
75.6
70.4

62.9
76.8
68.8

63.0
77.6
71.4

63.2
77.8
71.3

63.8
81.1
72.3

62.8
79.9
74.0

62.4
79.3
72.2

63.0
80.6
74.9

61.8
79.6
72. -2

62.3
78.3
73.2

62.9
78.0
73.9

59.~5~

U,0 1932, and i933, p. 19, August 1933. Hours of work per week in factories revised for 1933. See p. 20 of the July 193
Series on labor turnover shown p. 20 of this issue are the same as shown on p. 63 of the 1932 annual supplement.
§ Data revised. Revisions will be shown in a subsequent issue.
A

Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue.



58 0
89.9
92.1
92.3
75.8
96.3
215. 5
109.3
99.6
167.0
109. 2
41.1
37.3
40.5
96.2
69.2
67.7
73.6
33.9
44.6
21.8
22.3
52.2
55.6
66.7
48.0

61.7
48.8

•70.9

SURVEY OF CURRENT BUSINESS

30
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

| 1935 j
\
I
Febru- Febru- i
i
I ary
j arv

April 1935
1935

1934
Marf , h
iviarcn

April

May

July

June

August

Septem- October Novem- Decem- January
ber
ber
ber

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS— Continued
Nonmanufaeturing (Department of Labor)— Con.
Trade:
Retail f
1929 = 100.Wholesale t
1929 = 100
Miscellaneous:
Banks, brokerage houses, etc. *f. 1929 =100..
Dyeing and cleaning*!
1929 — 100
Hotels
.1929-100 Laundries*!
1929 — 100
WAGES-EARNINGS AND RATES
Factory, weekly earnings (25 industries):*!
All wage earners
dollars-Male:
Skilled and semiskilled
dollars..
Unskilled
- dollars .
Female
dollars. .
All wage earners
1923=100
Male:
Skilled and semiskilled
1923 = 100 .
Unskilled
1923=100—
Female
1923 = 100
Factory, av. hourly earnings (25 industries):*!
All wage earners
dollars-.
Male:
Skilled and semiskilled
dollars
Unskilled
- - dollars _
Female
-- dollars_.
Factory, weekly earnings, by States:
Delaware
-1923-25=100..
Illinois
1925-27 = 100
Massachusetts*!
- . 1925-27=100—
New Jersey
1923-25=100..
New York
1925-27 = 100 _
Pennsylvania
1923-25=100-.
Wisconsin
1925-27 = 100
Miscellaneous data:
Construction wage rates:* §
Common labor (E.N.R.)—Aol. per hour...
Skilled labor (E.N.R.)
dol. per hour...
Farm wages, without board (quarterly)
dol. per month.
Railroads, wages
dol. per hour !
Road-building wages, common labor:#l
United States
dol. per hour _
East North Central
_ dol. per hour .
East South Central
dol. per hour
Middle Atlantic
dol. per hour _
Mountain States
dol. per hour__1
New England
dol. per hour !
Pacific States
.dol. per hour .!
South Atlantic
dol. per hour
West North Central
dol. per hour_.
West South Central
dol. per hour..
Steel industry:
U S Steel Corporation
dol. per hour
Youngstown district
percent base scale..

59.4
64.6

58.8
61.0

59.8
62.0

61.2
63.1 1

61.5
62.6

61.4
62.8

60. 1
63.8

58.4
62.7

60.6
63.6

61.9 i
64.5

(3)
49.8
67.8
64.1

87.0
46.3
65.2
61,7

(3)
51.7
66.6
62.7

(3)
60.8
66.5 ,
64.4

(3)
65.1
65.9
66.9

(3)
64.1
66. 2
68.3

(3)
58. 9
65. 6
68.2

(3)
56.7
64.5
66.6

(3)
59.0
64.3
65.9

(3)

22.10

19.81

20.49

21.00

20.79

20.70

19.92

19.59

19.53

24. 65
18.04
15. 46
83. 1

22.28 1
16.42
14. 85
74.4

22.87
16.95
14.63
77.0

23.46
17.41
14.71
78.9

23.25
16.88
14.63
78.1

23.22
17.04
14. 58
77.8

22.38
16.47
14. 36
74.9

21.73
15. 96
14.24
73.6

21. 60
16.01
14.08
73.4

80.0
81.0
89.7

72.3
73.7
86.1

74.3
76.1
84.9

76.2
78.1
85.3

75.5
75.8
84.9

75.4
76.5
84.6

72.7
73.9
83.3

70.6
71.6
82.6

.595

.558

.561

.579

.586

.586

.587

.659
.490
.431

.614
.459
.415

.615
.465
.419

.633
.479
.425

.646
.486
.428

.648
.480
.429

.649
.484
.429

79.6
77.1
90.4
83.3
81.4
78.4

76.6
70.5
75.3
85.7
78.6
73.5
68.1

75.4
71.2
76.4
85.4
80.8
76.7
72.1

75.8
72.1
75.9
86.7
80.6
78.2
72.2

75.3
73.6
75.8
87.3
80.7
82.6
74.0

76.3
74.1
74.3
87.0
80.2
81.3
74.3

.524
1.10

.527
1.06

.527
1.07

.534
1.08

.534
1.10 !

.631

26.88
.609

.610

.39
.53
.30
.44
.55
.45
.55
.31
.47
.36

.37
.46
.25
.42
.49
.41
.57
.23
.36
.32

.42
.50
.30
.42
.55
.44
.57
.31
.41
.35

.485
101.5

.440
101.5

.440
101.5

61.8
64.2

66.0
64.8

60.0
63.9

(3)
53.9
64.9
63.7

(3)
51.1
64.9
63. 3

(3)
50. 4
« 66. 0

20.01

20.07

20.70

21. 61

22.41
16. 31
14. 38
75. 2

22. 55
16.21
14.39
75.4

23. 03
16. 58
15.09
77. 8

23. 95
« 17. 65
15. 21
81.2

70.1
71.9
81.7

72.8
73. 2
83.4

73.2
72.8
83.5

74.8
74.4
87.5

77.8
o 79. 2
88.2

.588

.591

.593

.594

.593

.594

.650
.481
.425

.654
.481
.430

.656
.487
.428

.658
.490
.428

.656
.486
.428

.656
°. 491
.430

77.1
72.6
75.2
85.3
79.8
74.4
69.3

76.3
71.7
75.4
86.5
80.9
77.0
71.2

75.4
70.7
77.5
86.4
80.2
74.0
69.4

78.0
72.8
72.5
86.9
79.5
76.9
73.5

75.4
72.3
72.4
87. 3
79.1
76.7
73.0

76.3
73.7
78.6
88.9
81.6
78.4
75.2

77.1
74.4
79.4
89. 1
82.6
78.1
74.3

.534
1.10

.530
1.10

.530
1.11

.535
1.12

.536
1.12

.539
1.12

.541
1.12

.600

27. 29
.599

. 596

. 612

27.83
.629

.616

.632

26. 69
.636

.43
.51
.30
.41
.55
.46
.57
.31
.41
.35

.43
.51
.30
.41
.55
.44
.57
.31
.43
.35

.43
.51
.30
.41
.55
.43
.57
.31
.42
.35

. 41
.50
.30
.41
. 56
.43
.58
.31
. 45
.34

.41
.50
.30
.42
.56
.44
.58
.32
.45
.34

.41
.51
.30
.42
.55
.42
.57
.32
.47
.34

.485
101.5

.485
101.5

.41
.51
.30
.42
. 55
.42
.58
.32
.46
• 34
,485
101. 5

.485
101.5

.485
101. 5

. 485
101. 5

562

561

543

516

1

1

. 485
101. 5

. 42
.50
.30
.41
. 56
.43 i
.58 !
.32 !
. 43
.34 !
. 485
101. 5

. 485
101. 5

516

520

.485 !
101.5 i

59.1
65.3
64.8

:

.40
52

!so

.42
.55
.42
. 57
.32
.48
.34

a.3, 9

a

.538
1.11

.39;
'. HO
.42
. 55
. 43

!si

.47
.35

FINANCE
BANKING
Acceptances and coin'l paper outstanding:
Bankers' acceptances, total
mills, of dol.Held by Federal Reserve banks:
For own account
mills, of dol
For foreign correspondents-mills, of dol..
Held by group of accepting banks, total
mills, of dol. _
Own bills
mills, of doL.
Purchased bills
mills, of dol .
Held by others
mills, of dol
Com'l paper outstanding
mills, of dol_.
Agricultural loans outstanding:
Farm mortgages:
Federal land banks
mills, of dol_.
Joint stock-land banks
mills, of doL_
Land bank commissioner*.- .mills, of dol..
Federal intermediate Acredit bank loans to
and discounts for:
Regional agricultural credit corp's and
production credit ass'ns
mills, of dol..
All other institutions
mills, of dol
Other loans:
Agricultural marketing act revolving fund
loans to cooperatives!
mills, of doLBanks for cooperatives, incl. Central
Bank*
mills, of doL.
Emergency crop loans* (1921-1934)
mills of doL_
Prod. cred. ass'ns*
mills, of dol. _
Regional ag. credit corp.*
mills, of doL.

750

685

i
1
i
613 !

56
5

23
5

3
4

3

2

•^

1

1

452
217
235
41
177

581
266
315
108
117

576
252
324
81
133

536
236 ij
299
70 !
139

507
226
281
59
141

480
220
260
53
151

472
222
250
42
168

483
222
261
37
188

503
223
280
35
192

516
245
271
46
188

517
252
265
44
178

1,945

1,371
370
174

1,458
349
238

1,484 I
345 i
259

1,549
335
311

1,631
320
379

1,690
306
430

1,746
295
478

1,792
285
516

1,829
121
552

1,866
587

617 :

643

103

87

77
71

86
70

120
70

127
71

128
73

125
74

118
73

105
83

101
88

100 i
90 !

100
88

50

69

68

67 I

55

55

55

55

55

57

57

55

54

29

15

16

17

19

21

21

23

23

25

25

28

28

493

665

103
70

569

534

539

1
597 i
243
254
46
166

485
238
247
30
171

1,896 1 1,923

i
78
77
68
92
76
73
84
90
91
91
91
83
78
61
65
71
4
14
28
50
39
58 i
61
58
58
0)
82
87 !
85
146
145
138
145 i
143
129
118 I
107
97
91
* Less than 1 million. Data shown in thousands appeared in the Oct. 1934 issue. Joint-stock land banks in liquidation. These figures will no longer be reported.
3 Not available.
« Revised.
* New series. For earlier data on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls, banks, brokerage houses, etc., p. 19,
June 1933; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933; factory weekly earnings, p. 20, October 1932; factory hourly earnings, p. 18,
December 1932; weekly earnings, Massachusetts, p. 18, December 1932: construction wage rates, p. 19, September 1933. Earlier data on additional series of agricultural
loans outstanding will be shown in a subsequent issue.
! Revised series. Tor revisions on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls of banks, brokerage houses, etc., for
1932, p. 29, January 19 4; Massachusetts weekly earnings for 1931, 1932, and 1933, p. 19, August 1933 issue; pay rolls in laundries and dyeing and cleaning establishments,,
p. 20, August 1934; factory weekly and hourly earnings revised for 1933, p. 20 of the July 1934 issue. Certain classes of loans included in figures shown throuch May
1934 have been reclassified by FCA and removed from the agricultural loan category. For revised data on pay rolls in wholesale and retail trade for 1929-34, inclusive, see
p. 20 of the March 1935 issue.
* Beginning with March 1932 method of computing rates was changed.
11ncrease in wage rates during March 1934 was due to provisions of title I, sec. 204, par. 2, item C of the National Recovery Act, which required State highway departments to fix minimum wage scales.
§ Construction wage rates as of Mar. 1, 1935, common labor, $0.524; skilled labor, $1.11.
A Breakdown of figure shown in issues up to November 1934.




April 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS
1934

1935

February

February

March

April

May

June

[

July

31
1935

October No^n- Decem- January
; August I September

FINANCE— Continued
BANKING— Continued
24, 752
30, 915 « 30, 063
Bank debits, total
mills, of dol— i 25, 730 25, 015 29, 685 31, 231 28, 757 30, 142 27, 752 25, 705 24, 009 26, 750
12, 285
11, 122
12, 286
14, 997
13, 842
11,343 15, 214
14, 652
New York City
mills of dol
12, 549
15, 608
16, 953
15, 388
13, 231
13,910 13, 420 12, 888 14, 465
14, 105
14, 754
13,409 15, 701 « 15, 066
14, 077
14, 278
Outside New York City
mills, of dol.. 13, 181 11,784
Brokers' loans:
832
874
825
827
880
923
831
981 i 1, 088
1,016
1,082
816
Reported by N. Y. Stock Exch. mills, of dol— !
938
2.57
2.68
2.59
2.50
2.62
3.00
2.45
2.54
3.00
3.14
Ratio to market value
percent.. 1
2.67
2.99
2.56
By reporting member banks:
To brokers and dealers in
702
598
693
660
726
NY*
mills of dol |
To brokers and dealers out54
166
153
155
166
side N. Y.*
mills of dol i
Federal Reserve banks:
8,442
8,719
8,220
8,197
8,229
8,161
8,332
8,873
8,028
7,669
8,175
Assets, total
mills of dol
7,953
7,309
Reserve bank credit outstanding
2,463
2,464
2,461
2,464
2, 455
2,462
2,453
2,545
2,463
2,472
2, 485
2, 567
mills, of dol. . 2,465
6
6
6
5
6
5
6
6
5
62
29
Bills bought
mills, of dol—
5
9
7
11
7
15
22
23
11
6
54
31
64
25
Bills discounted . _
mills of dol
39
2,430
2,431
21430
2, 432
2,430
2,432
2,430
2,430
2, 430
2,432
2,432
2,447
United States securities
mills, of dol—
2,431
5,680
5,196
5,401
5,220
5,212
5,154
5,317
5,807
4,899
5,022
Reserves, total
mills, of dol—
4, 537
4, 843
4,140
5,405
5,143
4,980
5,101
4,989
4,930
5,107
5,559
4,683
4, 336
4,808
Gold reserves §_
mills, of dol
3,931
4,303
8,442
8, 719
8,220
8,197
8,229
8, 161
8,332
8, 028
Liabilities, total
.
mills, of dol__ 8, 873
7,669
7, 953
8,175
7,309
4,810
4,405
4, 257
4,312
4,262
4,295
4,313
4,889
4,023
Deposits, total
_
mills, of dol
3, 653
3,982
3, 265
4,138
4,
543
3,934
4,096
4,052
4,
COiJ
4,029
4,081
4,587
3, 746
3,457
3,840
Member bank reserves
mills, of dol—
3,093
3, 599
3,221
3,085
3,167
3,161
3,134
3,213
3,077
3,154
3,069
3,101
2,980
3, 038
3,060
Notes in circulation
mills, of dol—
72.0
70.0
70.8
70.2
70.1
69.9
70.6
72.2
69.1
69.4
Reserve ratio
percent-67.8
68.8
66.3
Federal Reserve reporting member banks:*
Deposits:
14, 027
13, 685
13, 083 13, 476
12, 926
12, 745
13, 627
12, 426
12, 504
12, 221
Net demand
mills, of dol— 14, 175 11, 398 11, 794
4,434
4,471
4,388
4,474
4,510
4,392
4, 488
4,449
Time
mills, of dol—
4,454
4,455
4.501
4,370
4,419
10, 683
9,906 10, 017 10, 030 10, 059 10, 575
9,889
10, 723
Investments
„
mills of dol
9,215
9,311
9,326
9,280
9,723
U. S. Gov. direct obligations* •
7,192
7,237
6,639
6,715
7,227
mills of dol
U, S. Gov. guaranteed issues**
601
583
529
555
660
mills of dol
2,845
2,800
2, 862
2,789
2,836
Other securities **
mills of dol
7,561
7,646
7,794
7,807
7,802
7,705
7,598
Loans, total
mills, of dot8, 014
7, 873
8,185
8,136
8,026
8,161
Acceptances and commercial paper* A
439
436
456
452
440
_ __
|
|
mills of dol
971
977
986
979
965
On real estate* M
mills, of dol—
3,024
3,081
3,047
3,051
3, 247
3,017
2, 995
3,358
On securities
mills, of dol .
3,577
3,476
3,529
3,520
3,514
3,152
3,127
2,862
3,257
3, 198
Other loans* A
mills of dol
Interest rates:
H
H-44
%
HH/16
Acceptances, bankers' prime
percent-#-H
i/£-K
H-1A
H-M
H-H
H
H-K
X
tt
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Call loans, renewal
percent..
1,00
1.00
1.00
1.00
1.00
3A1.00i
54-1
54-1
54 l
54-1
1
54-1
Com'l paper, prime (4-6 mos.)
percent-54-1
1-1 y*
% iM-ifc
i-iH
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
Discount rate, N. Y. F. R. Bank... percent-1.50
« 1.50
1.50
1.50
1.50
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
Federal land bank loans *
percent-5.00
5.00
5.00
5.00
5.00
2.00
2.00
2.00
2.00
2.00
2.00
5.00
2.00
2.26
2.00
Intermediate credit bank loans
percent-3.00
2.74
2.50
2.00
Real estate bonds long term
percent
54-1
54-1
54-1
54-1
54-1
?4-l
54-1
Time loans, 90 days...'
percent-54-1
M-1
54-1
54-1
54-1
54-1
Savings deposits:
5,
142
5,154
5,145
5,054
5,128
5,114
6,119
New York State
mills, of dol . 5,147
5,076
5,122
5,134
5,090
5,097
U. S. Postal Savings:
Bal. to credit of depositors. .thous. of dol__ 1,205,655 1,200,049 1,199,985 1,197,488 1,196,907 1,197,920 1,190,288 1,192,199 1,192,764 1,198,578 1,203,548 "1,207,428 1, 200, 826
517, 965
Balance on deposit in banks.thous. of dol— 480, 000 883, 705 855, 533 806, 163 730, 051 694, 575 643, 600 598, 937 573, 022 559, 918 550, 608 "539, 547
FAILURES
Commercial failures:
1,184
963
790
1,091
1,005
929
912
923
Total
number-1,052
1,049
1,102
977
1,033
89
100
64
117
95
116
103
98
Agents and brokers
. number
85
102
106
99
95
269
225
214
258
237
229
223
235
Manufacturers, total
number
246
279
248
301
281
10
4
4
6
5
10
4
Chemicals, drugs, and paints.. number13
3
6
6
6
32
25
19
28
22
15
16
23
Foodstuffs and tobacco
number .
32
32
23
27
23
5
9
7
7
11
10
9
11
Leather and manufactures
number-13
9
19
7
28
32
35
24
32
32
30
37
Lumber
number
26
32
27
36
40
37
26
26
28
32
19
25
25
Metals and machinery. __
number ..
41
26
25
33
38
15
14
12
9
16
12
10
Printing and engraving
number
9
10
16
10
17
17
11
12
11
11
5
7
8
5
Stone, clay, and glass
number-12
13
10
9
17
43
29
19
30
32
30
40
Textiles
number-40
22
29
26
27
47
88
76
82
112
84
96
80
81
Miscellaneous
number
101
92
88
125
113
826
638
512
716
597
597
579
Traders, total
number
660
632
716
659
695
669
13
6
9
12
3
1
Books and paper..
__ _
number
8
8
14
14
10
12
11
76
55
41
68
69
62
53
68
62
64
Chemicals, drugs, and paints.. number-68
59
57
164
129
66
107
65
106
Clothing
._
number
128
71
91
104
88
109
101
320
274
230
335
270
275
296
251
Food and tobacco
number..
264
276
250
298
283
18
26
31
22
19
12
24
20
General stores
.. _ number
24
22
20
25
23
118
60
64
65
65
52
70
68
Household furnishings
number
64
131
95
108
68
117
88
71
116
92
94
81
Miscellaneous __
number
93
124
94
119
106
113
18, 824
16, 440
19, 968
18, 460
18, 350 19, 911
Liabilities, total
thous. of dol— 18, 738
22,561 23, 868
19, 326
27, 228
25, 787
19, 445
5,375
4,503
4,477
1,735
3,401
4,988
4,722
4,416
Agents and brokers
—thous. of dol _
4,331
3,350
4,880
5,319
3,968
5,319
7,578
5,927
7,467
7,489
6,396
6,383
9,674
6,786
Manufacturers, total
thous. of dol_.
9,
581
10, 300
5, 943
12, 239
157
36
291
38
22
20
62
252
309
164
Chemicals, drugs, paints. .thous. of dol—
165
831
225
209
271
178
192
263
237
331
344
146
Foodstuffs and tobacco thous. of dol._
97
378
207
489
59
73
365
73
220
94
138
315
Leather and manufactures.thous. of dol—
164
86
178
468
339
836
1,652
1,892
1, 654
1,291
1,018
Lumber
thous. of dol..
1,291
1,412
975
2,600
1,579
1,170
1,638
818
991
1,737
342
1,543
333
1,334
766
Metals and machinery
thous. of dol. _
1,054
1,159
284
3,237
1,703
135
281
175
85
139
183
412
778 \
Printing and engraving thous. of dol__
504
140
180
126
508
132
138
365
312
146
316
192
348
432
Stone, clay, and glass
thous. of dol__
265
194
1,099
140
553
350
418
673
998
481
717
Textiles
thous. of dol..
951
2,
183
601
1,361
784
580
2,420
3,786
1,881
2,697
2,902
3,705
2,765
2, 233
3,812
4,751
2, 059
3,704
3,197
Miscellaneous
thous. of dol—
8,130
7,830
9,564
7,238
1
6,
966
7,569
8,124
Traders, total
thous. of dol..
9,171
9,537
10,319
7, 633
10, 108
10, 168
124
51
57
177
225
5
135
152
Books and paper
thous. of dol
198
80
217
61
127
580
478
714
568
634
436
421
812
870
739
467
781 ,
609
Chemicals, drugs, paints__thous. of dol—
1,431
994
1, 719
504
587
1,027
790
Clothing
thous. of dol__
894
1,254
1,083
1, 004
1,357
1, 044
2, 573
2,942
3,362
4,087
3, 505
2,567
3,222
4, 424
3,124
3,875 i 3, 957
Foods and tobacco
thous. of dol_.
3, 028
2, 769
158
311
532
145
320
155
123
278
317
General stores
thous. of dol. .
457
224
175 i
327
1,789
678
1,054
943
988
1,117
1,091 i
802
839
1,222
Household furnishings
thous. of doL.
1,732
2,467
645
1,475
1,651
2,272
1,461
1,449
2,145
1,451
3, 267
Miscellaneous
thous. of dol _
2,284
2,573
1,948
2,107
2,543
« Revised.
« Rate changed Oct. 20, 1933, and Feb. 2, 1934.
* New series. Earlier data for Federal Reserve member banks shown on n. 18 of the January 1934 issue except as noted below. These data cover 90 cities and supersede
the previous data for 101 cities. They are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which
discontinued reporting. New scries on brokers' loans noi available for periods not shown. For brokers' loans by reporting New York City member banks see November
1934 and previous issues. See special notes below on Federal Reserve member bank loans and investments. For new series on interest rates of Federal land banks see
p. 20 of this issue.
§ Figures subsequent to December 1933 represent gold certificates on Hand and due from U. S. Treasury, plus redemption fund—Federal Reserve notes, $35,138,000 on
Feb. 28, $32,748,000 on Mar. 31, $31,400,000 on Apr. 30, $30,000,000 on May 31, $25,724,000 on June 30, $21,050,000 on July 31, $24,000,000 on Aug. 31, $21,798,000 on Sept. 29,
$22,032,000 on Oct. 31, $20,137,000 on Nov. 30, $19,060,000 on Dec. 31, 1934, and $15,875,000 on Jan. 31, 1935.
* These 3 series represent a break-down of the "Investment total." Monthly data previous to October 1934 not available.
* Data on acceptances and commercial paper, on real estate and other loans represent a break-down of the "All other" loans total which has previously been shown.

If added, they give a total comparable to figures formerly presented.
http://fraser.stlouisfed.org/
K The figure for loans on real estate for November 1933 shown as 668 in the January 1935 issue should read 1290.

Federal Reserve Bank of St. Louis

32

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, j 1935
together with explanatory footnotes and references to the sources of the data, may be found ! Februin the 1932 Annual Supplement to the Survey j
ary

April 1935

1934
Febru- March
ary
i

April

May

June j

July

1935
Se

m

August |1 Pj®
oer - October

Nc

m

^ '
oer

m

v5jl ~ ; January

FINANCE— Continued
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalfmills, of dol .
Mortgage loans
mills, of dol
Farm
mills, of doL.
Other
- .mills of dol Bonds and stocks held (book value):
mills, of doL.
Government
mills, of dol—
Public utility
, _ _ mills, of doL_
Kailroad
mills, of dol..
Other
mills of dol
Policy loans and premium notes-mills, of dol—
Insurance written:!
Policies and certificates
thousands
Group
_ _ - thousands _
Industrial
thousands
Ordinary
thousands-Value, total _
- _
thous. of dol Group
thous. of dol—
Industrial
-thous. of doL.
Ordinary
thous. of dol —
Premium collections!
.thous. of dol—
Annuities
— thous. of dol Group
-.
-.
thous. of dol—
Industrial
thous. of dol—
Ordinary
. -thous. of dol .

18, 247
4 819
917
3,902

17, 345
5, 568 !
1.193
4,375

17, 360
5 511
1,164
4,347

17,417
5 457
1. 143
4,314

17, 487
5 398
1,124
4,274

17 556
5 335
1,101
4 234

17, 659
5 272
1, 076
4, 196

17, 725
5 201
1,047
4 154

17 798
5 141
1,023
4 118

17 891
5 077
1, 001
4 076

17 982
o 4 997
971
a 4 026

18 040
4 917
950
3 967

18 176
4 877
932
3 945

8, 010
2, 959
1, 812
2, 635
610
2, 854

6,763 i
1,945
1,712 i
2,588 !j
616
2,936 1

6,794
1,967
1,716
2, 584
527
2, 924

6, 868
2, 022
1, 719
2 587
540
2,915

6, 919
2,047
1,727
2,586
559
2, 907

7,010
2, 116
1,732
2 592
570
2,898

7, 133
2,203
1,740
2 606
584
2,893

7,200
2,236
1, 750
2 617
597
2,889

7,392
2,407
1,754

7, 517
2, 503
1,758
2 626
630
2,880

7,603
2,577
1.784
2 630
612
2, 869

7,834
« 2, 804
1, 791
2 629
2,868

7,948
2,878
1,805
2 630
635
2,861

! 1 228
30
'
>
894
304
!
1 787, «28
; 33,241
!: 228, 107
526, 280
251, 119
! 22 557
9, 724
54, 012
164,826

1 178
46
841
291
794 495
62,214
220, 366
511,915
245, 099
25 030
8, 255
52, 340
159 474

1,201
34
868
299
791,544
40, 989
226, 013
524, 542
244, 281
28, 742
8,250
48,018
159, 271

1 132
51
805
276
762 490
57, 812
211,473
493, 205
246,414
29 °66
7, 813
54, 523
154 812

1 042
26
766
250
694 259
46, 795
202, 256
445, 208
252, 572
33 946
8, 885
54, 072
156 369

1 073
25
793
255
699 879
39, 628
212, 380
44.7, 871
234. 662
33 501
8, 350
49,111
143 700

880
16
654
211

1 °60
1 061
54
21
929
784
284
256
676 7 -"7 838 576
71, 394
28, 137
205, 463 239, 873
443, 157 527, 309
236,5141 367, 481
73 579
36 77
7, 845
9, 753
48, 392 104, 056
143 506 180 003

1 051
24
744
282
8^4 903
27, 348
196, 255
601, 300
302, 195
71 797
9,864
52, 549
167 985

1,054
14
790
250
721. :i(H
20, 388
209,017
491, US 6

1 015
15
752
248
648,073
26,862
196,816
424,395
224, 676
19 925
7, 765
51, 121
145, 865

9 f,]Q

61?

2, 886

551 556
21,087
170, 93o
359, 534
211,892
29 7f;0
7,870
50, 772
130 490

] 104
25
891
258
694 718
36, 20fi
216,439
442, 073
245, 252
9" 105
8, 344
55, 301
154 449

a Q-iQ

(Life Insurance Sales Research Bureau)
534
Insurance written, ordinary, total-mills, of dol—
588
471 ;
581
556
645
571
498
484
590
495
476
400
231
244
Eastern district
mills, of dol—
203
248
251
305
233
251
213
208
21?
162
°06
53
Far Western district
mills, of dol
56
45 il
55
55
55
58
48
49
47
59
40
46
61
Southern district
mills, of dol __
54
63
68
60
67
66
70
59
71
58
52
57
189
209
Western district
mills, of dol—
213
211
199
215
169 i
170
177
209
175
167
146
Lapse rates
192526-100
125
118
135
MONETARY STATISTICS
Foreign exchange rates :#
6
b 344
b 333
b 337
.325
b 330
b 333
Argentina
dol. per gold peso
6 336
6 338
» 340
& 340
b 330
b 336
326
.233
Belgium . .
dol. per belga
233
.234
.233
229
234
234
235
234
234
237
2339
237
.081
089
086
Brazil
dol. per milreis
082
086
082
085
085
085
085
084
OS9
083
.999
1 024
Canada
dol. per Canadian dol
1 002
'992
998
1 002
1*012
1 013
1*002
1 008
1 02L
1 029
105
Chile
_- _
_
dol. per peso.. .051
.051
096
101
103
103
' 102
012
103
103
103
103
104
4.87
England
dol per £
4 89
5 09
5 15
5 03
4 94
4 Q5
5 11
5 04
5 05
5 07
4 99
4 99
.066
066
France
dol. per franc
.066
066
065
066
066
066
066
067
066
066
067
.401
4Q9
Germany _
_. dol. per reichsmark
397
.401
402
396
395
385
405
389
383
395
403
37Q
.368
369
India
dol per rupee
372
383
388
381
383
379
379
371
375
376
QSrt
.085
086
085
.085
Italy
- - dol. per lira
086
086
085
086
086
087
087
085
.284
Japan _ „
_ _
dol. per yen
300
302
.288
299
298
2*7
298
303
300
' 291
298
.676
Netherlands
dol. per florin
. 675
676
673
660
679
678
679
678
684
681
676
686
.096
136
.100
Spain
dol. per peseta
137
137
133
137
133
137
137
138
138
137
9
.251
252
263
Sweden
dol. per krona
.255
263
260
260
266
260
261
55
257
258
.801
.800
802
802
Uruguay
dol per peso
806
801
788
806
803
802
810
812
806
Gold and money:
Gold:
8,465 0 7 138
8,284
Monetary stocks, U. S._.
mills, of dol
7 602
8,191
7 736
7 759
7 821
7 893
7 971
7 989
8 047
7 971
Movement, foreign:
236
1,131
-837
Net release from earmark.thous. of dol.
71
-1,133
489
588 -1,055
260
986
68, 653
-85
2,419
46
363
2 173
140
Exports
thous of dol
44
114
51
37
1 780
22 255
6 586
14 556
310
121
199
149,
755
92
249
Imports
- thous. of dol 122,817 452 622 237 380 54 785 35 362 70 291 52 460 51 781
13
010
3 585
Net gold imports, including gold released
150, 523
92, 170
from earmark -*• *
thous. of doL 123, 007 521, 223 236, 499 53,615
52,
934
36,
170
-16,251
11,097
64,
691
120,
804
34,
071
890, 875
Production, Rand
fine
ounces
826 363 874 112 865 892 898 418 868 129 876 094 881 861 857 442 885 6°7 878 847 866, 037
98, 590
Receipts at mint, domestic fine ounces. 79, 564 68, 845 93, 222 97, 751 101,217 94, 439 141, 910 93,212 144, 313 153, 887 96, 365 119, 864
5,411
5,439
5,577
Money in circulation, total
mills, of dol.
5,366
5,341
5, 368
5,355
5,350
5,473
5,494
5,339
5, 355
5,427
Silver:
1,248
1,014
1,661
Exports.
thous. of dol
1 425
1 162
734
665
1 638
2 404
1 789
1,741
1 424
1 6Q8
19, 085
8,711
Imports
thous. of dol— 16, 351
1,823
1,955
14, 425
4, 435
5,431
20,831
2,128
2,458
21,926
15,011
.544
.546
Price at New York
dol. per fine oz
452
495
452
442
.524
459
463
452
543 a .544
490
15,717
15, 427
14, 801
Production, world * _
thous. of fine oz
13 427
13 640
13 667
15 481
16 519
16 131
14 871
15 032
15 581 a ]5 349
1,531
1,187
905
Canada
thous. of fine oz _
1,015
1, 543
1,512
1,039
963
1,351
1 085
1 359
1,378
1,517
6,000
5,614
5, 500
Mexico _ thous. of fine oz
7 822
6 821
6 241
7 065
5 321
5 413
4 495
6 461
6 536
6 098
2 791
2,722
2 389
2 312
2,917
3,411
United States
thous of fine oz
2 087
2 099
1 903
2 303
1 786
1 976
1 853
Stocks, refinery, end of month:
1, 369
1,146
1,614
United States
thous. of fine oz
4 419
11 865
7 174
7 907
7 865
5 465
8 919
10 645
916
5 068
3,452
3, 144
2,743
Canada
thous. of fine oz _
2 593
2 423
2 449
2 739
2 630
2 402
2 257
2 955
2 389
2 141
NET CORPORATION PROFITS
(Quarterly)
v 315 0
Profits, total f
mills, of dol
P 364 1
f 145 3
94 6
Industrial and mercantile, total mills of dol
p 87 4
Autos, parts and accessories.. mills, of dol—
20.2
46.2
31.8
Foods
.mills, of dol
24 0
20 6
24 8
Metals and mining
mills of dol
6 4
9 2
8 4
Machinery
mills, of dol
38
31
5 4
Oil
mills, of dol
2 8
9 5
58
d
d 10 9
Steel and railroad equip
mills of dol
16 4
p 14 8
Miscellaneous
mills of dol
39 9
39 9
38 0
Public utilities!
.mills, of dol—
46.6
59.1
v 55.1
Railroads, class I (net railway operating
income)-..
mills, of dol
112 2
113 6
115 9
'
Telephones (net op. income) -..mills, of dol..
49.1
P50.1
A Or exports (—).
«* Deficit.
p Preliminary
6
Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.
m
Decision of Treasury and Federal Reserve to omit gold coin from circulation figures as of Jan. 31, at which time it was carried as $287,000.000, is not reflected in tbe
January total, which is the daily average figure for the month. Large increase in February 1934 resulted from revaluation of the dollar to 59.06 percent of former gold content.
* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issue, net gold imports.
t Revised series. For earlier data see pp. 18 and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections, and
p. 19 of the July 1934 issue, corporation profits.
• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series previously presented in the SURVEY covered
the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931, 82.0; 1932, 75.5; and 1933, 77.5.
# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.




SURVEY OF CURRENT BUSINESS

April 1935
Monthly statistics through December 1931,
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
February

February

j
March

April 1

May

June

July

|
i

1935

Decem- 'January
j August ^beT" October November
ber

FINANCE—Continued
|
PUBLIC FINANCE (FEDERAL)
28, 476
Debt, gross, end of month
.mills, of dol.. 28, 526 26, 052 26, 158 26, 118 ! 26,155 27, 053 27, 189 | 27,080 27, 190 27, 188 i 27,299 28, 479
i
Expenditures, total (incl. emergency)^
thous. of dol— 528, 998 643,965 i 623,592 °2,983,939| 563,226 749, 347 478, 859 523, 078 462, 034 771, 530 I 656,589 663, 725 481, 343
Receipts, total J
thous. of doL. 239, 248 3,024,210 434, 555 199,278 246,801 411,337 232, 712 297, 256 515, 383 302, 287 1 292,219 439, 088 233, 486
26, 351
Customs
thous. of dol— 24, 960 23,275 i 23,122 23, 792 i 21,041 20, 837 19, 331 ! 22,952 36, 174 30, 509 28,376 32, 428
Internal revenue, total
.... thous. of dol— 181, 621 174,036 i 390,353 153, 364 j 194,294 362, 243 195, 592 229, 548 379,738 j 209,697 189, 119 333, 785 194, 366
22, 321
Income tax
thous. of dol— 33, 310 « 24, 799 i 228,526 21,075 23,776 186, 161 21, 709 22, 924 171, 177 19, 189 ! 22,528 163, 057
j
Reconstruction Finance Corporation loans outstanding, end of month:* §f
Grand total
thous. of dol— 2,658,503 2,571,455 2,654,838 2,701,206 12,734,607 2,883,600 2,714,040 ;2,691,917 2,680,898 2,654,955 12,671,378 2,690,032 2, 662, 732
Total section 5 as amended.. thous. of dol— 1,233,102 1,561,335 1,498,661 1,465,359 1,438,924 1,436,187 1,336,592 11,297,412 1,289,672 1,283,439 11,295,928 1,309,206 1, 264, 450
|
Bank and trust companies, including receivers
.thous. of dol— 568, 814 690, 465 651, 176 620, 470 1 606,072 598,909 ! 582,200 594, 905 591, 972 583, 452 599, 397 632, 209 595, 717
15, 640
Building and loan assoc... thous. of dol— 13, 567 59,553 ! 55,226 49, 970 I 44,486 40,443 i 36,893 31,494 28, 252 25, 205 23, 259 20, 082
24, 023
Insurance companies
thous. of dol— 22, 664 54,058 i 51,553 38,249 ! 35, 397 34, 748 32, 619 31, 678 30, 722 29, 982 29,420 24,829
156, 292
Mortgage loan companies. thous. of dol— 155, 367 167,316 i 161,098 187,475 j 190,870 192, 151 184, 790 j 162,081 160, 767 159, 327 ! 155,874 160, 591
Railroads, incl. receivers.. thous. of dol._ 379, 713 345,176 345,179 i 344,932 I 344,695 353,382 i 354,447 1i 343,189 343, 287 353, 170 1 361,506 376, 555 379, 087
93, 691
All other under section 5— thous. of dol— 92, 977 244,774 234,435 224,269 217,409 216, 559 145, 643 134,064 134, 672 132, 303 j 126,471 94, 940
Total emergency relief and construction act
I
as amended
thous. of dol— 481,344 538, 245 556. 231 561. 147 ! 571,631 612,189 j 571,964 i 533,864 505,902 474,255 , 466,125 473,312 478, 617
Self-liquidating projects... thous. of dol— 127,839 71,218 80, 196 82, 667 ! 88,446 93, 010 96, 062 ; 107,287 111,184 112,291 i 117,027 122, 743 125, 408
Financing of exports of agricultural sur15,271 14,992
15,170
15,176
pluses
thous. of dol.. 15, 164
15, 185 i 14,985 14,954
10, 052
11,051
12,314
12,749
13, 947
Financing of agricultural commodities,
i
40.31.1
and livestock
thous of dol
40, 824 157, 973 165, 993 167, 268 171,875 206, 672 102, 175 113,068 81,538 48,687 I 36, 332 36,620
Amounts made available for relief and
297,718
work relief.
.
thous. of doL. 297, 718 299, 014 298,991 298,897 298,560 298,559 ! 298,542 298,524 j 298,227 298,000 ; 297,774 ! 297,774
i
1
Total bank conservation act as amended
;
thous. of dol.. 897, 046 465, 081 593, 041 656, 178 704,017 814,708 i 781,436 803,280 827,660 837, 929 849,819 805.083 874,221
59,391 i 59,506 1 42,431
45,443
Other loans.
thous of dol
6,900 19,519 20, 031 20, 511 24,048 57,362 : 57,664
6,789
47,011
CAPITAL ISSUES
Total, all issues (Commercial and Financial
140, 852
Chronicle)
thous. of dol- 95, 818 "86, 448 146,879 ! 236,245 141,872 305, 522 373, 362 258,810 ;1 69,246 | 157,574 , 141,668 186, 127
Domestic, total
—thous. of dol— 95, 818 •86, 448 146,879 j 235,045 141,872 305, 522 373, 362 208,810 69,246 157,574 131,668 186, 127 140, 852
0 10,000
0
0
0
Foreign, total
thous. of doL.
0 i 1,200 !
0
0
0 50,000
0
0
7, 726
Corporate, total
thous. of dol— 29, 791 15, 366 26,340 ! 87,524 31, 781 33, 167 145, 779 i 18, 019 17, 187 31, 390 29, 800 47, 259
9,390
4,038
4,319
1,300
600
10, 500
1,569
6, 199
420
Industrial
_
thous. of dol3,366
4, 609 i 5, 195
7, 791
0
0
0
18, 500
0
0
0
310
0
Investment trusts
thous. of dol—
0
0
0
0
0
0
0
0
0
0
0
Land, buildings, etc
thous. of dol—
0
0
0
400 "
0
0
0
0
0
0
0
0
400
0
0
0
0
Long-term issues
thous. of dol..
0
0
0
0
0
0
0
0
0
0
0
Apartments and hotels. .thous. of dol—
0
0
0
0
0
0
0
0 !
0
0
0
0
0
Office and commercial— .thous. of doL.
0
0
0
0
1,360
2,963
8,000
4,000 43, 500 ! 6, 315 13, 187 20,000 28,000
Public utilities.. _
thous. of dol— 11,000 12, 000 15, 000
5, 583
2,000
23,
072
I
1,
204
0
1,200
1,200
17, 582
19, 747 100, 000
Railroads
.thous. of dol—
6, 481 76, 746
0
8,000
0
444
290
1,500
0
0
0
9,000
0 !
Miscellaneous—
thous. of doL. 3,000
250
0
0
83,
000
18,
300
3f5,
200
164,111
10,
000
13,000
Farm loan bank issues
thous. of dol._ 12, 500
8,900 25, 000 45, 000 32, 500 158, 900 135, 000
96, 92(5
Municipal, States, etc
thous. of dol._ 53, 527 •65, 182 95, 540 103, 722 77,591 113, 455 92, 583 ! 26,680 39,059 43, 184 91, 868 120, 568
Purpose of issue:
92, 097
New capital, total
thous. of dol— 50, Oil •81, 060 97, 276 143, 404 102, 733 122, 506 216, 645 ; 179,548 43, 375 121, 903 107, 036 140, 941
92, 097
Domestic, total
thous. of dol— 50,011 •81,060 97, 276 143, 404 102, 733 122, 506 216, 645 1 179,548 43,375 121, 903 107, 036 140, 941
390
8,019 i 4,387
5, 267
8,227 34, 861
9,420 20, 279
Corporate
thous. of dol—
6,500 13, 058 13, 770 28, 241 28, 823
83,
000
0
153,
111
0
10,
000
6,000
3,000 15, 000 12, 500 11, 500 105, 000
Farm loan bank issues.. thous. of dol—
7,000
0
80, 830
18, 418 36, 188 38, 513 88, 809 106, 080
Municipal, State, etc
thous. of doL. 43, 5il •61, 002 80,506 100, 164 61, 410 101, 586 91, 366
0
0
0
0
0
0
0
0
0
Foreign
_. thous. of dol—
0
0
0
0
48, 755
Refunding, total
thous. of dol— 45, 807 •8, 388 49, 603 92,841 39, 139 183, 016 156, 717 79, 262 25, 872 35, 671 34, 632 45, 185
31,
000
12,
398
10, 000
10, 000
21, 573
2,459
Corporate
thous. of dol— 23, 291
2,958 23, 747 125, 500
2,308 12, 569 59, 283
i
Type of security, all issues:
138, 848
Bonds and notes, total
thous. of dol
95, 818 88, 390 142, 270 231, 550 138, 631 296, 102 371, 783 258,810 ' 64,197 157, 184 141, 668 184, 800
5,722
Corporate
thous. of dol- 29, 791 • 14, 307 26, 340 87, 524 28, 540 23, 747 125, 500 18,019 i 17,187 31, 390 29,800 47, 259
390
1,327
2,004
1,579
3,241
0
Stocks
thous. of dol9,420
0
2,300
4,695
4,609
0
1,058
State and municipals (Bond Buyer) :
88, 192
Permanent (long term)
thous. of doL.
• 75, 420 •104, 554 •112, 561 80, 928 •183, 738 »122, 043 49,166 • 41, 134 •69,733 • 90, 153 •113,657
13, 986
41, 963
119, 686
22, 420
60, 474 60, 478 18,852 99,050
Temporary (short term)
thous. of dol
18, 850 39, 596
25,395 59, 341
SECURITY MARKETS
Prices:
Bonds
89.39
91.30
90.73
89.85
89.79
88. 99
88. 27
90.80
90.17
All listed bonds (AT. Y. S. E.)
dollars89. 15
90. 46
88.27
91.29
91.23
93.35
91.68
92.57
92.00
91. 13
90. 05
92.32
93.16
92.54
Domestic issues
..dollars91.09
90.12
93. 35
80.61
81.58
81.06
79.59
78. 97
79. 89
Foreign issues
dollars- ! 80.94
80.15
80.97
80.79
80.89
81.57
80.43
Domestic (Dow-Jones) (40)
81.25
83.91 !
86.02
84.12
81.66 ; 78.97
83.89
82.05
83.42
82.93
79.73
percent of par 4% bond.. 83.16
77.85
75.40
80. 06 j
83. 07
77.55
77.13
76.57
76.83
74.31
72.34
76.72
76.07
Industrials (10)— .percent of par 4% bond.. 83. 75
69.64
Public utilities (10)
!
92.76
96. 18 :
98. 45
88.34
92.59
93.48 j 90.33
91.26
95.39
81.98
87.37
percent of par 4% bond_.| 89.26
80.18
Rails, high grade (10)
103. 25
99. 70
104. 68
107.47
110.25
97.46 100. 50 101. 57 103. 47 104. 68 102. 19
percent of par 4% bond..! 112.52
95.19
Rails, second grade (10)
i
64.52
64.61
65.64
69.92
64. 59
62. 13
63.49
71.84
73.94
71. 45
71.97
percent of par 4% bond, i 62.22
71.22
98.4
100.0
101.3
99.3
97. 8
96. 7
98.8
97.6
99.0
Domesticf (Standard Statistics) (60) dollars
97.0
92.9
95.1
101. 3
104. 69
104. 85
105.53
106.50
106. 47
105. 42 103. 47
105. 90
U. S. Government (Stand. Stat.)*.. .dollars..! 107.11 102. 74
104. 66
105. 34
103. 74
65.94
66.83
70.10
66.04
65.10
66.54
64.
39
65.
60
67.17
Foreign (N. Y. Trust) (40)-.percent of par.. |
66.78
70.22
67.78
Sales on New York Stock Exchange:
j
Total
thous of dol par value ' 220, 256 373, 852 324, 464 356, 859 283, 899 260, 507 263, 750 317, 140 2Sfi. nno 278, 238 250, 094 272, 869 330, 546
94, 716
Liberty-Treas
thous. of dol. par value" 48^ 239 23,' 606 47^980 55,486 65, 488 64, 643 69, 290 151, 220 128,605 98, 503 56, 359 52, 667
Value, issues listed on N. Y. S. E.:
~\
44, 979
Par, all issues
mills, of dol.. 45, 033 41, 737 41, 727 41, 765 42, 406 43, 554 43,964 44,337 43,903 44, 083 44, 144 44, 816
37, 478
Domestic issues
mills, of doL. 37, 564 33, 775 33, 771 33,851 34, 504 35,663 36, 113 36, 515 36,185 36, 461 36, 612 37, 307
7,622
7, 508
7, 501
7,822
7,533
7,851
7,717
7,902
7,890
Foreign issues
mills of dol ] 7,469
7,962
7,915
7,955
41, 064
Market value, all issues
mills, of dol.J 41,112 36, 843 37, 198 37, 781 38, 239 39, 547 39, 473 39, 454 38, 751 39, 406 39, 665 40, 660
34, 984
Domestic issues
mills, of dol.J 35, 067 30, 440 30, 764 31, 325 31, 855 33,223 33, 225 33, 277 32, 586 33, 262 33, 566 34, 535
6, 099
6, 125
6, 080
6,144
6,177
6,384
6, 324
6,249
6,165
Foreign issues
mills, of dol-! 6,045
6,435
6,456
6,403
• Revised.
* New series. For earlier data see p. 20 of the August 1933 issue, Reconstruction Finance Corporation excepting the item "other loans" which appears first in December
1934 issue and p. 20 of the June 1933 issue, U. S. Government bond prices.
t Reconstruction Finance Corporation data have been revised for the year ended June 1934. Revised figures for period October 1933-June 1934 was shown on p. 33 of the
Dec. 1934 issue shown; July-September 1933 revised figures have not been published. Figures subsequent to June 1934 are preliminary. Revised series for July 1931-February
1933 appeared on pp. 19 and 33 of the April 1933 issue (domestic bond prices).
_
_ , t , . .
§ This excludes relief grants to States by the R. F. C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator. These amounted to $499,650,000 on Jan. 31, and Feb 28, 1935, and $500,000,000 disbursed for relief purposes under Emergency Appropriation Act of 1935.
1 Includes $2,808,221,138 for February, $2,233,252 for March, $409,051 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843 for
September, $173,702 for October, $116,585 for November, $132,295 for December, $123,639 for January and $68,241 for February representing the increment resulting from
reduction
in weight of gold dollar.
0
The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment in gold.
c? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
for the period May 1932 to March 1933 are on p, 33 qf the monthly |ssuess from June 1934 to November 1934. Later data are shown in monthly numbers,

 122479—35—-5


34

SUKVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Februin the 1932 Annual Supplement to the Survey
ary

April 1935

1934
February

March

April

May

June

July

1935
August

i

j
October |

ber

iJ£m"

Decem- January
ber

FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic! (Standard Statistics) (60). percent..
Industrials (15)..
..percent-.
Municipals (15) f.
percent. .
Public utilities (15)
percent-Railroads (15)
percent-Domestic, municipals (Bond Buyer) (20)
percent..
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills**
percent..
182-day bills**
percent..
U. S. Treasury bonds*..percent..

4.32
4.75
3.39
4.41
4.72

4.90
5.70
4.48
4.75
4.66

4.74
5.51
4.24
4.65
4.56

4.61
5.28
4.11
4.58
4.46

4.56
5.29
3.93
4.57
4.47

4.47
5.19
3.73
4.51
4.45

4.45
5.10
3.75
4.47
4.47

4.55
5.12
3.81
4.57
4.68

4.63
5.22
3.84
4.64
4.82

4.51
5.09
3.69
4. 56
4.68

4.48
4.99
3.57
4.53
4.82

4.40
4.88
3.52
4.47
4.70

4. 32
4.75
3. 45
4.44
4.63

3.55

4.74

4.56

4.27

4.17

4.01

4.05

4.15

4.21

3.94

3.89

3.81

3.61

.12
2.73

.63
.85
3.32

.08
.27
3.21

.08
.18
3.12

.06
.14
3.01

.07
2.94

.08
2.85

.20
2.99

.27
3.20

.21
3.08

.22
3.05

.15
2.97

.14
2.83

1 f\ ^ ^S

212,413
188, 244
24 169

177, 807
172,416
5 391

162, 170
155, 651
6 519

264, 155
246, 149
18 006

217, 544
182, 794
34 750

113,295
107, 860
5 435

245, 625
230, 336
15 289

162, 704
158, 368
4 336

140, 477 343, 031
135, 419 319,129
5 058 °3 902

231, 750
209, 080
2° 670

181, 107
152,303
28 804

1,184.4
918 OS

1, 063. 4
926 87

1, 079. 8
929 04

1, 073. 4
929 04

1. 094. 5
929 04

1, 105. 1
929 04

1,113,4
918 05

1, 128. 9
918 08

1,131. 1
918 08

1, 137. 1
918 08

1,163.9
918 08

1,168.7
918 08

1,177.5
918 08

1.20
3 68
1.08
1.91
1.87
1.24

1. 15
3.58
.88
1.67
.206
.98

1.16
3.58
.90
1.69
2.06
.98

1.16
3.58
.91
1.70
1.98
.98

1.18
3.58
.94
1.70
1.98
.98

1.19
3.60
.95
1.70
1.97
1.09

1.21
3.77
.96
1.71
1.97
1.20

1.23
3.77
.98
1.71
1.98
1.20

1.23
3. 77
.98
1.71
1.98
1.20

1.24
3 77
.99
1.71
1.98
1.20

1.27
3 77
1.03
1.71
1.98
1.21

1.27
3 73
1.06
1.78
1.90
1.21

1.28
3 68
1.07
1.91
1.87
1.24

107.3
28.4
50.8
94.35
147 91
40.79
80 5
88.4
80.6
50 0

102.1
26.4
48.1
90. 06
141 30
38.83
77 1
84.9
76.1
47 6

104.3
26.0
49.5
92.36
144 84
39.88
79 6
88.3
76.3
49.3

95.3
23.1
43. 6
82. 66
131 17
34. 15
71 8
79. 6
69.8
43 3

96.7
23.8
44.3
85.71
135 70
35. 73
73 5
81.4
71.9
44 1

94.5
22.2
40.7
83. 00
133 87
32. 12
71 4
79. 7
69.2
41 2

91.6
20.5
35.4
79. 16
130 46
27. 86
67 8
76. 7
64,6
35 6

90.5
19.8
3o. 1
78. 76
129 95
27.56
67 0
75.7
63.7
35.1

93.5
19.8
35.7
81.71
135 32
28. 1 1
67 3
76.4
62.9
35.6

99.3
18.8
35.8
85. 14
141 62
28.67
69 4
80.1
60.7
35 3

101.6
18.0
36.5
85.07
141 46
28.68
69 °
80.3
58.2
35.8

103.1
17.5
35.5
85.82
144 21
27.43
69 7
81.4
57.4
34.6

57 8
64 2
56, 834

56 7
62 8
29, 916

60 4
66 9
29, 847

58 6
65 '?
25, 343

58 7
66 7
16, 802

57 8
66 8
21, 116

53 4
65 1
16, 693

48 1
65 0
12, 636

48 7
67 3
15, 660

51 6
72*4
20, 868

4Q j

23, 588

51 5
73 7
19, 410

36, 658
1 293

36, 700
1 294

36, 432
1 295

33, 817
1 294

34, 440
1 295

30, 752
1 294

32, 618
1 310

32, 320
1,313

31,613
1 305

33, 888
1 305

33, 934
1 305

32, 991
1 305

3.10
2.81
4.94
2.18

3.33
3.00
5.50
2.32

3.25
2.90
5.58
2.24

3.58
3.25
5.83
2.54

3.55
3.29
5.44
2.49

3.67
3.38
5.73
2.69

4.00
3.60
6.30
3.71

4.21
3. 83
6. 53
3. 76

4.22
3.83
6.71
3. 70

4.14
3.70
7.14
3.72

4.25
3.76
7.84
3.68

4.24
3.74
8. 02
3.79

6.01

5.96

5.82

5.78

5.73

5.67

5.71

5. 79

5. 79

5.64

5.48

5.42

Cash Dividend and Interest Payments
and Rates
Dividend payments (N. Y. Times)
thous. of doL.
Industrial and miscellaneous. -thous. of dol..
Railroad
thous of dol
Dividend payments and rates (Moody's) :
Dividend payments, annual payments at
current rate (600 companies) ..mills, of doL.
Number of shares, adjusted - - millions
Dividend rate per share, weighted average
(600)
dollars..
Banks (21)
.
dollars
Industrial (492)
dollars..
Insurance (21)
-.dollars-Public utilities (30),...
dollars..
Railroads (36)
dollars..

212. 606
196, 048

Stocks
Prices:
Dow-Jones:
Industrials (30)
dol. per share ..
103.0
Public utilities (20)-dol. per share-16.5
Railroads (20)
dol. per share. .
32.4
New York Times (50)
dol. per share-84.64
Industrials (25)
dol. per share
144 93
Railroads (25)
dol. per share. . 25. 06
Standard Statistics (421)
1926—100
67 8
Industrials (351)
.... 1926 = 10080.0
Public utilities (37)
1926=100-.
54.5
Railroads (33) .
1926=100
31 8
Standard Statistics:
Banks N Y (20)
1926=100
53 4
Fire insurance (20)
1926 = 100
74 2
Sales, N. Y. S. E...
thous. of shares.. 14, 404
Values, and shares listed, N. Y. S. E.:
Market value all listed shares. .mills, of dol._ 32, 180
Number of shares listed
millions
1 303
Yields:
Common, Standard Statistics (90) _. percent ..
4.24
Industrials (50)
percent. .
3.74
Public utilities (20)
percent-8.07
Railroads (20)
..-percent-4. 13
Preferred, Standard Statistics:
Industrials, high grade (20)
percent-5.38
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number
Foreign
.
number. _
Pennsylvania Railroad Co., total
number-Foreign ._ .
number .
U. S. Steel Corporation, total
. .number
Foreign
number
Shares held by brokers
.percent of total

671 052
7,563
235, 809
3, 174
186 612
3 770
19 01

674, 739
7, 826
232, 998
3,156
191, 446
4,083
19.44

675, 410
7, 743
233, 707
3. 151
192, 214
3 802
19.03

675 426
7,686
233, 826
3,165
190 745
3 785
19 73

FOREIGN TRADE
INDEXES
Value:
Exports unadjusted
1923-25=100
Exports, adjusted for seasonal_1923-25=100.Imports, unadjusted...
- - 1923-25 = 100. Imports, adjusted for seasonal .1923-25 =100-Quantity, exports:
Total agricultural products
1910-14= 100. .
Total excluding cotton
1910-14=100

43
47
47
48

43
47
41
42

50
50
49
44

47
50
45
42

42
45
48
47

45
50
42
44

43
48
39
43

45
49
37
39

50
48
41
43

54
45
40
39

51
45
47
47

45
43
41
41

46
45
52
51

50
39

80
63

75
67

60
63

50
60

59
48

46
46

46
54

65
61

82
70

73
58

62
46

57
43

VALUE §

176, 223
Exports, incl. reexports
thous. of dol.. 163, 006 162, 805 191,015 179, 444 160, 207 170, 574 161, 787 171, 965 191, 660 206, 352 194, 901 170, 676
By grand divisions and countries:
5,376
6,663
8, 502
5, 757
7,290
7,149
7,064
6,659
7,996
Africa
thous. of doL.
4,999
6,595
5,708
5,637
44, 294
39, 969
27,538
38, 393 35, 935 38, 132
40, 119
46, 883 41, 837
Asia and Oceania
thous. of dol— 37, 403
34, 229 37, 641 37, 490
19,
901
12
812
26
994
22
846
23,
309
15 974
16
295
14
824
19
977
Japan
thous of dol
16
310
13
857
14 926
11 507
78, 550
86, 912 95, 100 88, 541 69, 346
82, 182 92, 496 80,150 66, 692
68, 728
67, 618 61, 814
Europe
-.thous. of dol._ 66, 482
7,544
9,
935
10, 334
10, 512
7,326
10, 674
7,263
8,140
6,379
6,476
9,131
France
thous. of doL.
10, 935 12, 909
4,735
4,646
5.063
6, 275
6,803
7,443
6,075
8,230
7,703
15, 392
10, 824
Qermany
thous. of dol_.
13, 820
6,847
* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years).
See special note below on yield on U. S. Treasury bills.
t Revised series. For earlier data see pp. 19 and 33, of the April 1933 issue, yield on domestic and municipal bonds.
§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1933, and January 1934
issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.
• Monthly data on yields from 91-day bills for period December 1929 to May 1934 are shown on p. 20 of January 1935 issue. Data on yields from 132-day bills not aval1
^Me prior to February 1934,




April 1935

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1935 J
together with explanatory footnotes and refer
ences to the sources of the data, may be found Febru- Febru- j March
in the 1932 Annual Supplement to the Survey
ary
ary
j

1935

1934
April

May

June

July

Decem- January
October November
ber

August

FOREIGN TRADE—Continued
VALUE— Continued
|
Exports, incl. reexports— Continued.
I
By grand divisions and countries— Contd.
Europe— Continued.
Italy
_thous. of dol— : 6, 870
United Kingdom...
thous. of dol._ 25,766
North America, northern
thous. of doL. 23, 664
Canada..
thous. of dol
23^317
North America, southern
thous. of doL. 11, 353
Mexico
thous. of dol.. 4, 370
South America..
thous. of dol.J 13, 955
Argentina
thous of dol
3 765
Brazil
.thous. of dol-J 3,534
Chile
-thous. of dol-| 1,316
By economic classes:
j
Exports, domestic
thous. of doL. 160,312
Crude materials
thous. of dol._ 44, 995
Raw cotton.
mills, of dol-.j
27. 1
Foodstuffs, total
thous. of dol .J 16,270
Foodstuffs, crude. _
thous. of dol— i 3, 897
Foodstuffs, mfgd
thous. of dol -J 12,373
Fruits and prep
mills, of dol— j
6. 2
Meats and fats—
.mills, of dol— j
4. 4
Wheat and flour ...mills, of dol.J
1. 2
Manufactures, semithous. of dol.. 25, 483
Manufactures, finished thous. of dol.-i 73, 565
Autos and parts
mills, of dol..
20. 5
Gasoline
mills of dol i
28
Machinery
mills, of dol— j
18.8 !
Imports, total c?
thous. of dol— > 152,537
Imports for consumption*
thous. of dol.J 152,288
By grand divisions and countries:?? cf
Africa
thous. of dol— | 4, 746
Asia and Oceania..
thous. of doL. 50,922
Japan..
thous. of dol.. 12,251
Europe.
.__
thous. of dol.J 40,606
France.
thous. of doL. 4, 054
Germany
thous. of dol— ; 5,918
Italy
thous. of dol~
2, 674
United Kingdom ___
thous. of dol.J 11,055
North America, northern
thous. of dol._ 18. 342
Canada. —
thous. of dol.J 18, 194
North America, southern
thous. of dol— ! 14, 242
Mexico
thous. of dol._! 3,869
South Americathous. of dol— j 23, 429
Argentina—.
thous. of doL_! 4, 419
Brazil.
_
_.
thous. of dol-! 9, 194
Chile
.thous. of dol- 2, 324
By economic classes :#c?
j
Crude materials
thous. of dol-.: 45, 209
Foodstuffs, crude
. . thous. of dol.-j 30,118
Foodstuffs, manufactured. -.thous. of dol.-j 21, 609
Manufactures, semi-__
thous. of dol— 29, 029
Manufactures,
finished
thous. of dol- 26, 322

\

5,327
32 288
25^ 798
25. 363
15, 405
4,382
13, 081
3,909
3,400
654

4,596
28, 840
26, 650
26, 254
15, 989
4,668
13, 449
3,619
3, 169
1,020

4,853
25, 922
32, 415
31, 989
14, 927
4,753
12, 998
3,368
2,989
883

4,276
24, 862
28. 515
27, 987
15, 064
4,666
13,919
3,504
3, 343
1,048

4,275
24, 380
27, 281
26, 761
14, 656
4,762
13, 597
3,692
3,216
814

159, 671 187, 495
54, 218
55, 276
34.7
37.7
19, 569
20, 073
6,894
6,139
12, 675
13, 934
6.8
5.5
5.4
5.9
3.2
2.7
24, 456
31, 382
61, 428 80, 764
13.2
20.6
4 3
56
14.6
18.3
132, 656 157, 908
125,011 153, 075

176, 499
45, 878
24.5
17, 821
5, 348
12, 473
4.4
5.1
3.7
29, 361
83, 440
21.5
58
19.2
146, 517
141, 137

157, 171
37, 975
17.6
16,816
3,994
12, 822
3.3
6.8
1.9
26, 189
76, 191
20.6
154, 647
146, 866

167, 957
47, 003
28.9
14, 923
3,023
11, 900
4.0
5.7
1.1
27, 923
78,108
20.0
4 0
18.6
136, 082
135, 048

159, 242
37, 199
20.3
17, 058
3,685
13, 373
2.9
5.7
1.6
28, 834
76, 152
18.4
3.5
18.9
127, 342
124, 123

169, 832
39, 662
17.8
22, 071
5,287
16, 784
7.7
5.8
3.0
29, 408
78, 690
15.3
41
20.2
119,515
117, 288

6,291
27, 962
19, 879
19, 602
11, 788
3, 764
9,728
2,552
2,838
593

17'. o

4,821
28, 486
21, 379
21, 009
15, 842
4,407
13, 152
2,946
3,225
1,271

6,233
37, 968
23, 151
22,815
15, 674
5,035
13, 503
3,504
3,551
1,110

189,237 203, 622 192, 321 168, 467
71, 744 54, 520
66, 437 82, 879
43.4
35.0
39.2
32.2
21, 873 18, 458
15, 669
20, 059
5,342
3,621
4,060
4,589
16, 531 13, 869
12, 048
15, 999
9.0
5.4
5.4
7.1
4.9
4.1
5.6
5.4
1.4
1.7
2.0
1.7
28, 818 30, 412 30, 309
29, 729
73, 012 70, 053 71, 707 67, 970
12.4
12.4
14.0
11.0
4.2
3.4
4.1
3.8
18.7
19.1
20.6
18.8
131,659 129, 629 150, 919 132, 252
149, 755 137, 859 149, 412 126, 231

173, 560
55, 814
32.2
16, 253
4,086
12, 167
5.3
4.7
1.2
27, 196
74, 297
17.2
4.3
18.2
167, 006
168, 623

4,951
5, 093
30, 694 40,119
27, 852 25, 370
27, 257 '• 24, 850
14, 073
15, 976
4,765
4,614
16, 522
15,318
4,437
3,712
3,965
3,979
1,329
1,181

6,226
47, 036
27, 420
26, 875
17, 418
5,910
13, 774
4,135
2,961
1,045

8,445
40, 536
26, 655
26, 038
15, 485
4,606
15, 092
3,780
4,359
1,645

2,780
36, 211
9,114
44, 765
7,436
6,075
2,852
11, 033
14, 343
14, 163
8,472
2,859
18, 721
2,727
8,561
898

4,785
48, 893
11, 453
45, 753
5,611
7,495
3,613
11,357
18, 208
17, 929
10, 768
3,922
24, 620
3,365
9,436
2,631

3,700
51, 746
10, 186
37, 545
3, 898
5,738
2,912
9,008
16, 506
16, 271
9,720
3,110
21, 921
3,076
7,127
3,784

2, 605
55, 877
10, 121
39, 412
4,320
5,469
2,988
10, 302
19, 242
18, 735
10, 912
3,000
18,818
2,981
5,496
2,288

2,806
2,335
49, 146
38, 335
8, 599
9, 279
35, 823 37, 899
3, 534
4,189
5,354
5,168
2,474
2,651
9,703
7,881
19, 360
18, 468
18, 697
17, 856
13, 039
9,285
2,441
3,466
16, 908
16, 800
2,010
1,683
5,635 , 6,583
1,325 i 1,448

2,260
34, 368
8,805
35, 788
4,198
5,515
2,771
7,649
19, 260
18, 759
10, 651
2,962
14, 961
1,159
6,671
1,038

1,960
37, 290
11,913
41,980
4,358
5, 854
3,130
10, 433
21, 078
20, 648
29, 016
2,509
18, 432
2,006
8,648
972

2,620
36, 839
10, 242
40, 566
4,560
5, 719
3,402
8,215
22,497
21,661
15,314
2,165
20, 023
2,222
10, 219
1,940

2,488
42, 709
11,818
47, 862
6,165
5,675
4,113
10, 377
21, 974
21, 602
13, 280
2,279
21, 100
2,302
9,508
1,912

1,961
26, 535
7,032
37, 023
5,167
5,056
2,905
7,743
24, 432
23, 685
19, 441
3,484
16, 839
3,706
6,305
1,685

3,016
60, 515
10, 196
46, 614
4,644
7,024
2,764
10, 970
19, 555
19, 248
18, 864
4,023
20, 059
2,980
8,181
1,909

36, 894
20, 997
17, 299
22, 220
27, 602

44, 862
26, 108
22, 482
29, 728
29, 847

41, 009
21,916
23, 676
26, 118
28,418

42, 812
18, 406
27, 913
26,889
30, 846

42,578 ! 39, 086
17,283 17, 239
11,860
21, 977
26,849 27, 464
26, 361 28, 474

34, 237
17, 748
13,100
22, 973
29, 230

38, 612
23, 023
34, 319
24, 249
29, 552

35,090
22, 726
24, 068
26, 103
29, 872

40, 117
23, 440
24,326
27, 447
34, 082

28, 839
18, 597
29, 190
21, 018
28, 587

43, 133
27, 693
38, 118
29, 550
30, 129

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
7,421
7,497
7,521
8,051
7,392
7,052
6,826
7,079
Operating revenue
thous of dol
6,590
7,011
6,961
142
139
122
146
142
136
141
136
149
118
Operating income
thous of dol
136
Electric Street Railways
8.143
8.126
8.126
« 8. 120
8.143
8.126
8.143
8.143
8.143
8.143
8.143
8.143
Fares, average (320 cities) _ .
_ cents
8.120
752, 500
698, 933 790, 773 833, 230 751, 053 697, 676 640, 278 654, 485 654, 649 736, 686 702, 067 754, 459
Passengers carried f
thousands
Operating revenues
thous. of dol
Steam Railroads
Freight carloadings (F. R. B.):
58
67
64
60
56
60
64
61
63
63
63
63
Index, unadjusted
1923-25= 100. .
61
82
68
69
70
55
76
85
82
57
61
67
58
Coal. _
1923-25-100
81
44
54
69
45
46
58
71
48
38
35
86
56
Coke
1923-25—100
70
28
31
29
33
35
34
30
26
31
33
31
Forest products
1923-25= 100. _
31
36
60
54
65
61
57
76
57
78
95
Grain and products
..__ 1923-25=100..
65
63
84
57
83
44
103
64
49
Livestock
_. _ . 1923-25=100
48
51
70
46
95
46
40
37
62
67
66
65
67
64
61
67
65
65
Merchandise, 1. c. 1
.1923-25=100-.
65
67
63
8
42
14
8
63
8
59
83
19
73
10
87
Ore
.
1923-25—100
63
69
58
70
55
68
70
65
64
Miscellaneous
1923-25 = 100
62
64
71
58
64
64
57
59
62
59
63
64
61
Index, adjusted
1923-25= 100__
64
59
66
65
71
73
63
60
64
69
63
Coal...
-.1923-25 = 100..
78
87
68
66
58
75
62
43
45
51
45
43
71
50
58
Coke..
1923-25 = 100..
62
76
56
39
31
30
32
30
30
33
32
31
33
30
29
Forest products
1923-25=100 .
30
35
56
63
56
58
58
74
79
75
90
70
68
Grain and products...
..1923-25=100-.
59
75
62
42
55
87
51
52
52
54
84
Livestock ...
„
1923-25=100
48
107
46
39
65
63
64
64
66
65
65
65
65
65
67
66
Merchandise, 1. c. 1
1923-25= 100. .
65
31
20
34
30
39
39
46
41
38
48
34
43
Ore
.1923-25=100-34
72
64
60
71
58
62
68
67
67
66
68
59
Miscellaneous
.
.
.
.
1923-25
=
100
73
2,592
2,353
3,142
2,442
2,170
2,531
2,346
3, 059
2,335
2,420
3,078
Total cars1!. __ _.
thousands..
2,326 « 2, 314
494
551
484
427
581
615
502
401
373
Coal
thousands. _
730
383
574
« 580
22
31
22
26
27
30
45
23
34
40
18
17
Coke
thousands
35
85
92
75
110
90
101
97
123
83
87
89
Forest products
thousands _
118
100
111
96
122
112
174
125
120
106
174
171
160
102
148
Grain and products
thousands..
114
90
82
58
171
65
89
124
65
77
Livestock
_ thousands
61
67
50
a
640
721
577
797
653
664
660
613
789
638
609
828
Merchandise, 1. c. 1
_ ..
628
26
11
122
69
16
12
29
83
125
Ore__
thousands
19
166
116
13
1,163
885
912
892
978
957
1,214
875
773
950
Miscellaneous
thousands..
844
1,105
«786
> Revised,
* New series. Earlier data on value of imports for consumption will be shown in a subsequent issue.
t Revised series. For earlier data see p. 19 of the August 1933 issue.
# Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See explanation on p. 9 of the March 1934 issue.
1 Data for December 1933, March, June, and September 1934, are for 5 weeks; other months 4 weeks.
<? Data revised for 1933. See p. 20 of the October 1934 issue.




36

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Februin the 1932 Annual Supplement to the Survey
ary

April 1935

1934
February

March

April

May

June

July

1935
DecemAugust SeptemOctober NovemJanuary
ber
ber
ber

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Steam Railroads— Continued
Freight-car surplus, total
thousands ..
Box
thousands
Coal
thousands..
Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I railways):
Operating revenues!
thous. of dol. .
Freightt— thous. of dol._
Passenger f
. thous. of dol. _
Operating expensesf
thous. of dol
Net railway operating incomet-thous. of dol..
Operating results (class I roads):
Freight carried 1 mile
mills, of tons..
Receipts per ton-mile
cents..
Passengers carried 1 mile
millions..

375
225
94

355
213
93

338
200
94

348
201
111

359
209
119

318
195
94

328
207
85

381
224
109

392
228
111

342
207
84

254, 940 248, 457 293, 178 265, 391 282, 024
206, 024 201, 679 240, 991 214, 266 228, 587
27, 264 25, 377 27, 440 27, 045 26, 575
200 103 188 606 209 251 200 187 210 Oil
25, 720 » 29, 421 52, 038 32, 265 39, 495

282, 779
225, 709
31, 555
208 313
41, 836

275, 984
221, 291
32, 187
208 484
35, 221

282, 679
224, 837
32, 801
211 706
39, 677

275, 511
220, 492
30 607
203 800
41, 020

292 903
238, 792
28 572
2io 573
48, 625

256 967
208, 547
24 846
197 872
31, 583

257 506
199, 356
32 016
195 351
38, 738

264 213
211,008
30 448
21^ 972
21, 349

24, 257
1.011
1,778

25, 402
.985
1,854

25, 885
.943
1 695

26,497
.980
1 543

23, 708
.961
1 279

23, 105
946
1 G35

24, 964

206
519

223
627

272
726

264
55Q

*^54

o

°04

1, 934
770
977
7,522
2,194
1,334

2,188
976
866
6,990
2,403
1, 273

2,143
1, 045
924
6 145
2,303
1 171

2, 173
1,029
1 036
5 006
2,707
1 331

2 339
1,015
884
2 627
2, 424
1 253

2 089
885
300

1 945
'825
(j
(j

149

(j

320
192
78

357
210
93

368
211
106

23, 198
.963
1,234

27, 793
.966
1,343

23, 472
1.015
1,377

25, 260
1.007
1,340

25, 212
.994
1,612

112
0

217
0
2,465

250
140

274
550

243
557

13
2,534
254

o 2, 302
1,008
979
5,745
2,392
1,287

« 1,767
835
901
7,901
2,151
1,236

Waterway Traffic
Canals:
Cape Cod
thous. of short tons
New York State. . ..thous. of short tons..
Panama, total f
thous. of long tons..
U. S. vessels
..thous. of long tons__
St. Lawrence . . . . thous. of short tons _
Sault Ste. Marie
..thous. of short tons..
Suez
thous. of metric tons..
Welland
thous. of short tons..
Rivers:
Allegheny ...
thous. of short tons..
Mississippi (Government barges)
thous. of short tons..
Monongahela
thous. of short tons..
Ohio (Pittsburgh to Wheeling)
thous. of short tons..
Ocean traffic:
Clearances, vessels in foreign tradef
thous. of net tons..
Foreignf
thous. of net tons
United Statesf
thous. of net tons _
Shipbuilding. (See Trans. Equip.)

164

o
o
o
o

2,124
979
0

1,119
0

0
2,035
0

0
2,435
0

2,291
1,038
54

a

214
465

o

125

31

133

174

248

280

282

261

222

213

181

147

in

»91
1,545

70
531

82
1,427

90
1,404

106
1,592

101
1,683

109
1. 030

120
1,088

113
944

100
963

100
977

76
1 049

« 103
1 42 l >

717

78

788

897

888

918

698

599

569

584

597

632

711

4,170
2 725
1 435

4,201
2 725
1, 475

4,717
3, 123
1,594

4,860
3 098
1,762

5,739
3,492
2,247

5,996
3,818
2, 177

6, 023
3 859
2, 165

6, 541
4,260
2,282

5, 855
3 666
2 188

5, 691
3 666
2 025

5,296
3 402
1,893

4,327
2 819
1 508

4,288
2 818
1 471

147, 623
3,004
27, 624
10, 476

135, 354
2,399
22, 606
8,717

150, 383
2,451
31, 415
12, 374

153, 331
2,699
35, 899
14, 409

170, 275
3,655
43, 292
17, 897

163, 342
4,118
48, 172
18, 153

198, 902
4,189
54, 835
21, 358

206, 327
3,660
44, 728
18, 875

221,905
4,019
48, 477
20, 838

206, 327
3,660
44, 728
18, 875

217, 852
3,365
33, 563
15, 595

2.95
57

2.83
54

2.88
57

2.74
58

2.86
54

2.84
52

2.98
54

2.91
57

2.96
61

3.03
58

2.92
54

2.85
64

15, 334
18, 433
2,077
1,714
4, 190

20, 795
14, 899
2,304
2,324
6,541

22, 249
22, 349
2,730
2,432
10, 946

19, 479
18, 003
2,343
3,126
19, 760

18, 213
18, 984
3,033
2,975
24, 279

24, 065
26, 642
3, 515
2,777
12, 294

49, 341
48, 696
4,004
3,785
7,591

43, 927
37, 533
4,710
3,585
5,599

24, 976
20, 825
2,630
3,586
5,059

15,091
18, 542
4.354
3, 386
5,046

12, 388
13, 942
3,853
2,559
4,959

14. 443
17,016
2,424
2,943
5,658

57, 526
9,344

81, 707
12, 453

81, 939
15, 291

132, 030
31, 626

287, 721
78, 928

570, 295
145, 887

531, 734
163, 074

385, 147
54, 624

74, 709
16,830

38, 729
7, 375

37, 404
7,656

54, 720
9,767

1,132
3,385

1,227
3,740

1,212
3,488

1,122
3,334

1,303
3,978

1,280
3,710

1,403
3,928

1,354
3,892

1,265
3,790

1, 131
3, 310

1,371
3,794

1,398
4,231

78 533
53 220
18 341
54, 780
15 799
14 523

82 615
55, 015
20 507
57, 763
16 621
14 581

81 785
54, 862
19 833
56, 414
17, 416
14 635

83 349
55,428
20 799
58, 564
16, 220
14 685

8 276
6,272
7 360

9 557
7,396
7 925
1,222

8 910
6,887
7 768

9 523
7,397
8, 168

9,477
7,372
8,154
910

8,750
6,718
7,961
381

9,324
7,226
8,024
895

8 686
6,657
7 664

9,130
6,984
7,906

8,443
6,477
7,639
405

9,411
7,362
8,095
1,091

Travel
Airplane travel:
Express carried*
pounds..
Miles
flown*
thous. of miles..
Passengers carried*
_.
number..
Passenger miles flown* thous. of miles ._
Hotel business:
Average sale per occupied room
dollars..
2. 95
Rooms occupied
percent of total
62
Foreign travel:
Arrivals, U. S. citizens
number..
Departures U. S citizens
number
Emigrants
- number _
Immigrants
number..
5 139
Passports issued
number
National parks:
Visitors
number.. 63, 257
Automobiles
number . 9 599
Pullman Co.:
Passengers carried
thousands. _
Revenues, total
thous. of dol_.
COMMUNICATIONS
Telephone (class A companies) :#
Operating revenues
thous of dol
Station revenues
thous. of dol
Tolls message
thous of dol
Operating expenses
thous. of dol
Operating income
thous of dol
Stations in service end of mo
thousands
Telegraphs and cables:
Operating revenues
thous of dol
Commercial telegraph tolls.-thous. of dol..
Operating expenses
thous of dol
Operating income
thous. of dol._

513

734

943

620

822

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
thous. of wine gal
5,398
6,103
5,228
5,680
5,589
6,448
6,760
10,048
19,582
10,542
8.874
Production
thous. of wine gal
5,456
5,870
5,259
6,192
5,540
6,731
6,943
9,841 19,194
10,316
8,780
Stocks, end of month ..thous. of wine gal
1,298
1,059
1,076
1,580
1,527
1,801
1,978
1,763
1,380
1,149
1,063
Ethyl:
12, 290
Production
thous. of proof gal
13,810
12,313
12,731
13,478
12,998
13,702
13,823
15,636
21,332
19,550
17,065
Stocks, warehoused, end of month
15, 630
thous. of proof gal
20,642
21,590
24,375
25,893
27,971
28,967
29,788
27,094
14,449
15,566
15,216
Withdrawn for denaturing
thous of proof gal
9,032
9,668
8,666
10,148
9,248
11,359
11,684
16,456
32,682
17,272
14,855
Taxpaid*
thous.'of proof gal
1,551
1,558
1,025
1,172
1,176
1,052
1,121
1,075
1,266
1,573
2,096
1,453
v
° Revised.
Preliminary.
* New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles
flown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue. For
alcohol withdrawn tax paid, see p. 20 of this issue.
.
.
t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways, * or
revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue.
# Preparation of report turned over to Federal Communications Commission which has not yet compiled its initial report.
\ Revised series. Tonnage of vessels less than 300 tons not included.




SURVEY OF CUERENT BUSINESS

April 1935

1934

1935

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

February

37

February

March

April

May

June

July

1935

August

Decem- January
bef- October ^^'
ber
i
!

Sei

i

CHEMICALS AND ALLIED PRODUCTS—Continued
j
!
CHEMICALS— Continued
Alcohol— C ontinued :
j
Methanol:
Exports, refined
_
gallons.. 44, 525 101, 484 135, 279 57, 259 38, 556 52,612 i 28,348 77,732 44, 937 41,941 48, 945 38, 211
23, 222
.38
Price, refined, wholesale, N. Y.dol. per gal..
.38
.38
.38
.38
.38
.38
.38
.38
.38 i
.38
.38
.38
Production:
Crude (wood distilled)*! A... gallons.. 300, 008 337, 983 366, 052 342, 307 324, 063 298,165 1 256,136 253, 612 260, 402 297, 759 309, 739 319, 190 315, 983
Synthetic...
gallons.. 1,126,799 690, 961 916, 872 754, 980 897, 294 922,551 1 939,439 951, 834 1,079,910 1,309,086 1,789,970 1,301,841 1,303,171
Explosives:
26, 892
25, 108
22, 635
Orders new*
thous. of lb
26, 019
25, 584
27, 725
24,812 ! 23,384
29, 147
26, 958
24, 231
25, 489
26, 063
Sulphur and sulphuric acid:
293, 025
Sulphur, production (quarterly) • long tons. .
291, 366
289,089 ;
314, 199
Sulphuric acid (104 plants) :
Consumed in prod, of fertilizer short tons .
162, 658
149, 236 133,983 107,842
77, 404
83, 969
80,214 ! 83,079
85,915 137, 357 143, 282 152, 268
Price, wholesale 66°, at works
15.50
dol. per short ton.. 15. 50
15.50
15.50
15.50
15.50
15. 50
15. 50
15.50
15.50 I 15.50
15.50
15.50
Production
...short tons..
139, 615 132, 549 119, 619 107, 568
92,894 i 88,049
169, 301
97, 478 116,120 149, 968 159, 781 172, 052
Purchases:
From fertilizer mfrs
short tons..
38, 164
39, 330
36, 734
20, 151
3,441 i 7,411
21, 136
34, 545
16, 945
12, 158
5,735
13,048
28,813
From others
short tons
22, 796
27, 249
27, 300
27, 766
22, 721
12, 560
27, 824
18, 793
26,577 ! 25,951
17, 060
Shipments:
21, 242
39, 797
41, 520
To fertilizer mfrs
short tons
47, 367
39, 693
23, 733
14, 312
10, 242 ! 14, 596
21, 926
28, 111
31, 056
34, 938
28,615
To others
. short tons
22, 793
34, 167
28, 537
30, 240
25, 894
25,783 ! 21,991
23, 594
35, 186
29, 587
FERTILIZER
Consumption, Southern States 1
684
126
88
thous. of short tons..
1,234
97
499
316
764
157
101
51 |
26
48
Exports, totalf
long tons.. 92, 846 109, 938 118, 692 98, 294 113, 752 105,285 1 83,382 126, 110 109, 982 135, 588 118,437 127, 081
68, 928
27, 121
21, 093
10, 746
14, 240
37, 438
13,615
6,241
Nitrogenousf
long tons
2,646
5,064 j
4,577
29, 591
18, 043
16, 553
Phosphate materialsf--- long tons.. 78, 276 91, 639 75, 950 74, 287 106,354 96,262 j 75,600 108, 475 76, 987 104, 143 . 93, 509 107, 313
56, 946
Prepared fertilizers
long tons
52
350
265
312
258
289
426
206
164
273
174
153
405
Imports, total|#
_- long tons _ 141, 787 121, 845 206, 781 178, 430 103, 723 66,707 i 69,285 48, 442 69, 176 81, 560 82, 121 91, 807 155, 348
Nitrogenousf
long tons.. 89, 477 70, 739 147, 722 133, 706 71, 057 44, 164 I 43, 576 18, 535 24, 666 31,579 38, 728 42, 085
63, 245
1,212
Nitrate of sodaf ._
long tons
44, 494
17, 343
74, 584
39, 321
10,564 ! 10,976
7,195
80, 466
931
17, 085
150
27, 811
Phosphatesf
long tons.. 3,169
1,786
2,001
2,309
2,411
2,267
5,847
3,141
4,158
1,910
1,495
1,541
3,126
Potashf
long tons
44, 422
47, 293
55, 344
35, 276
38, 963
46, 213
35, 845
17, 310
13,355
19,265
44,015
25, 845
84, 235
Price, nitrate of soda, 95 percent, N. Y.
1.275
dol. per cwt._ 1. 275
1.350
1.275
1.350
1.350
1.350
1. 350
1. 350
1.275
1.350
1.275
1.275
Superphosphate, bulkProduction
short tons. _
295, 334 285, 762 232, 936 168, 509 153,236 147,084 152, 566 188, 007 276, 444 307, 653 332, 140
342, 210
Shipments to consumers
short tons
59, 466 161, 372 209, 026
63, 486
24, 965
85, 508
21, 463 I 9, 711
21, 831 108, 752
23, 358
34, 553
Stocks, end of month
short tons..
1,124,243 976, 775 806, 914 820, 096 839,680 ! 871,093 875,320 880, 238 957, 279 1,078,044 1,159,392 1, 189, 505
NAVAL STORES
Pine oil:
Production
gallons.. 360, 252 306, 375 293, 589 305, 273 293,807 266,020 261,410 282, 242 312, 375 300, 544 303, 686 317,912 330, 830
Rosin, gum:
5.42
Price, wholesale "B", N. Y.__dol. per bbl. __ 5.16
5.38
5.25
5.44
5.30
5.56
5.49
5.46 1
5.31
5.25
5.20
5.31
92, 482 100, 257 122, 173
Receipts, net 3 ports
bbl (500 lb.)
32, 640
59, 443
97,905 102,417 ! 116,019 109, 234
89, 289
69, 496
19, 525
27,411
Stocks, 3 ports, end of month .bbl. (500 lb.)_. 217, 489 152, 569 142, 574 156, 447 161, 001 171,805 | 200,649 218, 256 244, 968 260, 040 272, 027 321, 660 272, 474
Rosin, wood:
Production
bbl. (500 lb.).. 43, 252 46, 016 43, 753 45, 454 43, 243 38,554 37,037 38, 537 43, 095 39, 785 41,884 41,016
44, 489
Stocks end of month
bbl (500 lb ) ' 111,659 86, 492 89, 963 90, 329 98, 080 98,558 i 105,286 105, 887 103, 933 109, 812 108, 244 105, 339 110, 806
Turpentine, gum:
.62
.52
.53
Price, wholesale, N. Y. .
dol. per gal._
.59
.56
.46
.46
.52
.55
.59
.51 1
.48
.54
Receipts, net, 3 ports
bbl. (50 gal )
2,639
8,721
25,161
22, 999
24, 658
27,614 1 31,148
26, 856
2, 235
17, 315
32, 473
22, 834
4,300
Stocks, 3 ports, end of rnonth.bbl. (50 gal.).. 86, 987 54, 138 46, 010 46, 465 42, 570 47, 692 55, 171 65, 510 71, 778 86, 020 94, 189 106, 971
94, 781
Turpentine, wood:
Production
bbl. (50 gal.).. 6,138
7,892
6,288
6,548
7,279
7,050
7,729
5,904
6,798
6,393
5,547
6,290
7,075
Stocks, end of month
bbl. (50 gal.).. 13,418 17, 859 19, 253 20, 289 • 20, 689 19,515 19,016 19, 078 19, 817 18, 504 18, 752 16,819
16, 116
OILS, FATS, AND BYPRODUCTS
i
Animal fats and byproducts (quarterly) :
Animal fats: f
Consumption, factory
thous. of lb
177, 809
228, 945
190 774 '
217, 186
Production
~ .. .thous. of lb
692, 340
465, 719
545 950 !
498, 603
Stocks, end of quarter
thous. of lb._
417, 599
444,620 !
382, 938
418,631
Gelatin, edible:
Production
.thous. of lb_.
4,886
1,570
3,585 |
4,679
Stocks, end of quarter...
thous. of lb_.
9,561
8 908
6,556
7,817
Greases: |
Consumption, factory
thous. of lb
64, 940
60, 992
64 722 <
49, 246
Production
thous. of lb.
88, 154
90,175
81,954
89, 257
Stocks, end of quarter.
thous. of lb
84, 600
75 652 !
69, 600
73, 856
Lard compounds and substitutes: f
Production _.
thous. of lb__
240, 739
352, 965
218 114
338, 859
Stocks, end of quarter
thous. of lb
26, 599
25 133
24 964
27, 584
Fish oils (quarterly) : f
Consumption, factory
thous. of lb._
38, 166
43,104 i
33, 595
46, 358
Production
_
thous. of lb
33, 158
9 136
>
68 374
i 98, 116
Stocks, end of quarter..
.thous. of lb._
158, 396
161,411 ! . ._
189,492 ;
. -.
71,872
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly) f
thous. of lb..
829, 229
652,544 !
479, 873
802, 381
Exports
thous. of lb_. !
2,524
2,138
923
1,094 j
1,034
883
234
427"
1,773 !
522
1,161
372
331
Importst#._thous. of lb.. I 78, 745 66, 010 51, 535 ! 70, 163 56, 668 59,694 ! 68,665 41,302 55, 213 53, 935 60, 028 34, 200
71,191
Production (quarterly)t
thous. of lb_.
640,075
361,986 i.
416, 559
730, 260
Stocks, end of quarter: f
!
Crude.
thous. of lb_.
716, 692 i
530,959 !
548, 547
554, 108
Refined
thous. of lb
870, 068
797,171 i
502, 427
598, 460
Copra and coconut oils:
Copra:
74, 697
Consumption, factory (quar.). short tons..
65,439
_
45, 000
47, 392
Imports#
short tons
21, 698 I 12,037 ! 24, 519
18, 079
10, 415
20,599 ! 3,735 i 10,079
8,624 "M77- ~~26"606~ 27, 674 ~ "17," 393
Stocks, end of quarter
short tons..
49, 190
35,386 i
i
16, 772
15. 210
* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
^ Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue for earlier data.
v See footnote on p. 35 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.
t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20
of the September 1934 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue; quarterly data oils fats and byproducts, for the years
1932 and 1933 also revised. See p. 19 of the March 1935 issue.
• Texas only. Louisiana produced 23 percent of United States production in 1933.
A The refined equivalent of crude production is approximately 82 percent.




::::::

1

:::::::::

SURVEY OF CURRENT BUSINESS
1934

1935

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

February

April 1935

aryU~

Marcb

April

May

June

July

1935
August

Septem- October
ber

No v e m
b er -

Decem January
ber

CHEMICALS AND ALLIED PRODUCTS — Continued
OILS, FATS, AND BYPRODUCTS-Con. 1
Vegetable oils and products— Continued.
Copra and coconut oils— Continued.
Coconut or copra oil:
Consumption, factory:
Crude (quarterly) t
thous. of Ib
_
Refined, total (quarterly) f thous. of Ib
In oleomargarine
.thous. of lb._ 17, 282 12, 745
Imports^
thous. of Ib.J 27, 736 35,816
Production (quarterly):
Crude
. - thous of Ib
Refined
-.
thous. of lb_, .
Stocks, end of quarter:!
Crude
- thous. of lb__i _
Refined
thous. of Ib.J
Cottonseed and products:!
Cottonseed:!
Consumption (crush),.
short tons.. 343,591 «437. 274
Receipts at mills
short tons
63,347 156, 696
Stocks at mills, end of month. short tons.. 574, 739 741, 321
Cottonseed cake and meal:f
5,305
Exports!..short tons..
127
Production
short tons.. 157,998 197, 142
Stocks at mills, end of month_short tons.. 346, 876 289, 156
Cottonseed oil, crude:!
j
Production _ .
thous. of lb_J 109,046 a!35, 949
Stocks, end of month
_thous. of lb_. 102, 514 175, 250
Cottonseed oil, refined:
Consumption, factory (quarterly)!
thous. of lb__
In oleomargarine
thous. of l b _ _ 12,171 ~~~1,~8S9~
Price, summer yellow, prime, N. Y.
dol. perlb..: .114
.051
Production!
thous of Ib 102 890 134, 295
Stocks, end of month!
thous. of lb._ 524,340 812, 754
Flaxseed and products:
Flaxseed:
:
1,524
Imports, United States#__ .thous. of bu_. 1, 997
Minneapolis and Duluth:
118
Receipts
thous. of bu_.
135
36
Shipments
,...
thous. of bu_.
54
Stocks, end of month
thous. of bu._
978
983
Oil mills:!
Consumption, quarterly thous. of bu
Stocks, end of quarter
thous. of bu .
1.89
Price, no. 1, Minneapolis. __dol. per bu_1.94
Production, crop estimate thous. of bu
Stocks, Argentina, end of month
i
6,299
thous. of bu._ 5,118
Linseed cake and meal:
Exports
thous. of lb._ 23,524 37, 766
Shipments from Minneapolis
thous. of Ib.J 9,653 10, 025
Linseed oil:
i
Consumption, factory (quarterly)!
thous. of Ib •
Price, wholesale, N. Y
dol. per lb..i
. 092
.093
Production (quarterly)! thous. of Ib
Shipments from Minn
thous. of lb__i 4,209 ~~~2~337~
Stocks at factory, end of quarter
thous. of Ib _
Lard compound:
.073
Price, tierces, Chicago*.
dol. per lb_.
. 133
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of Ib..: 45,351 21, 350
Price, standard, uncolored, Chicago
.070
dol. perlb..
.125
Production
_
_._thous. of lb_. 41,895 21, 572
PAINTS

178,399
78, 290
13, 599
22,079

10, 559
30, 533

9, 396
24, 614

95. 032

76, 143

192, 808
14, 792

177, 236
72, 048
4,542
29, 047

6,315
35,742

7,765
17,210

113, 731
67, 374
10, 279
17, 990

124. 715
94. 292

11,360
14, 810

12, 787
20,935

13, 771
17,492

:
-iii.i-ir

84, 291
97, 301

56. 716
63i 617

61. 238
80, 658

174, 154
39, 886

174, 924
37, 381

152, 747
34, 277

344, 610
107, 420
504, 131

176, 268
46, 346
374, 209

109, 367
55, 546
320, 388

92, 258
52, 407
280, 537

99,699
42, 923
222, 761

380
161, 050
265, 348

203
84, 241
252, 625

78
51, 407
219, 637

366
41,011
175, 441

91
45, 738
124, 572

1,195
90, 633
96, 147

124
197, 694
170, 251

196
265, 597
257, 409

112,032
145, 129

59, 563
109, 328

38, 462
76, 318

29, 879
45, 794

31, 544
34, 400

59, 322
38, 670

133, 970
74, 034

183, 600
97, 752

14, 428
31, 609

195,761 442, 281 598, 613 531, 067 415, 455
271, 145 947, 372 1,030,607 527, 904 300, 626
300, 023 803, 236 1,232,067 1,232,067 1,117,238

400, 855
138, 700
855, 083

306
245, 389
299, 200

82
189, 717
20, 322

94
180, 603
340, 057

165, 808
100, 685

128, 872
95, 267

123, 708
100, 563

352, 209
248, 412
381, 728
257, 527
7,533 "~~9,~6l5
2,158 "~2~673~ "~~3,~369~
7,428 ~~~7,"322~ ~~~7~323~
3, 718 ~~~4~l56~^~~6~286~

.051
127, 447
841, 139

.052
94, 486
843, 168

.050
65, 822
804, 946

.053
54. 643
738, 542

. 059
43,529
655,552

. OB8
48,522
543,144

1,690

1,144

1,637

806

821

155
58
981

139
208
793

322
169
696

298
113
646

162
98
628

5,156
2,051
1.82

1.82

1.91

5, 016
1,421
1.91

1.90 j

.075
81, 050
450, 012

.081
155, 437
461, 440

.092
149, 593
487, 369

.101
129, 487
516,717

.109
110, 283
513, 341

695

959

1,297

743

1,823

770

681
152
672

1,230
126
1,008

910
234
1,218

294
127
1,210

252
83
1,108

139
114
1,011

2.05

4,293
1,368
1.98

1.90

4,569
1. 851

1.86 i
1.99
i « 5. 253

1.97

7,283

6,693

5,118

4,724

3,150

3,543

2,756

2,362

1,575

2,362

3,937

38, 080

38, 136

31, 739

34, 328

33, 441

32, 126

20, 935

30, 869

31, 338

21, 558

32, 805

9,847

5,513

6,648

5,871

5, 292

7 r 628

5,533

6,483

7,325

8,182

7,714

63, 712
.093
97, 452
2,859

.093

.097

.098

.099

.088

3,644

3,969

78, 189
.099
98, 026
3,603

3,735

2,774

54, 338
.087
90, 253
2,233

3,298

.074

.073

.073

.074

.078

.086

.098

.107

.111

.124

129

22, 083

16, 146

20, 063

13, 870

15,847

25, 736

27, 545

26, 421

28,980

32, 178

33, 724

.080
23, 616

.073
18, 023

.070
18, 266

.078
13,986

.080
16, 363

.080
22, 026

.090
26, 842

.098
26, 517

.100
28,809

.104
30, 470

.119
33, 632

23, 135
15, 610
7,105
8,505
7,525

27, 704
18, 436
7,590
10, 846
9,268

33, 615
22, 172
8, 092
14, 080
11, 443

28, 750
18, 944
7,630
11,314
9,806

23, 451
15, 910
7,449
8,461
7,541

24, 314
16, 081
6,579
9,502
8,233

22, 199
14, 177
5,268
8,909
8,022

24, 206
15, 382
5,814
9.568
8,824

20, 300
13, 224
5,208
8,016
7,076

16, 515
10, 805
5,226
5 579
5, 710

21, 529
14, 687
7,140
7,547
6,842

221,663 118,811 140, 743 271, 929 322,583 277, 547
24, 312 49, 437 45, 136 44, 706 i 39, 825 25, 782
69,000 50, 452 69, 406 70, 783 93, 204 77, 454

211, 782
21, 330
63, 442

235, 325
25, 292
71, 299

259, 136
27, 314
71, 828

274, 366
30, 807
78, 496

225, 078
27, 864
70,304

227, 827
18, 188
52, 869

284, 758
22, 665
64, 215

160, 791

128, 413

61, 218
.094 ""."691"
85, 038
4,145
4,163

3,525

.089

113, 722

109, 367

|

Paints, varnish, and lacquer products :§
>
Total sales
thous. of dol..11
Classified
thous. of dol..
Industrial
thous. of dol.J;
Trade
thous. of dol..
Unclassified (273 estab.)
thous. of doL.i
Plastic, cold-water paints, and calcimines:
Sales:
\
Calcimines
_
dollars.. j
Plastic paints
...dollars..
Cold-water paints
dollars..;

21889
15, 252
7, 299
7,953
6, 636

17,674
11,895
5,639
6,256
5,778

;
,
1
!

CELLULOSE PLASTIC PRODUCTS |
Nitro-cellulose:*
'
Sheets, rods, and tubes:
i
1,384
841
1,131
1,435
973
778
1,152
715
965
1,089
Production
thous. of Ib . 1,476
1,465
948
1,094
1,252
954
946
748
956
872
1,085
1,069
Shipments
thous. of Ib.J 1,122
1,046
1,263
1,028
Cellulose-acetate:*
Sheets, rods, and tubes:
512
393
449
301
405
510
466
1,004
436
317
375
304
Production
_
thous. of Ib
922
512
558
265
220
409
351
383
415
448
276
Shipments
thous. of Ib.J
849
418
1,026
• Dec. 1 estimate.
* For earlier data on lard compound price see p. 18 of the January 1934 issue. Data not available for cellulose products prior to January 1933.
! Revised series. For year ended July 1932 see p. 20 of the February 1933 issue, and year ended July 1934 see p. 38 of the November 1934 issue, revisions for each month of 1933
were shown when monthly data for 1934 became available, cottonseed, and for the year of 1932 see p. 37 of the June 1933 issue, exports of cottonseed cake and meal. Data
revised for 1933; see p. 19 of the September 1934 issue; quarterly data on oils, fats, and byproducts shown on this page for the years 1932 and 1933 also revised. See p. 19 of the
March 1935 issue.
§ Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.
# See footnote on p. 35 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.




39

SURVEY OF CURRENT BUSINESS

April 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

February

1935

1934

1935
February

March

April

May

June

Decem- January
October NovemAugust September
ber
ber

July

CHEMICALS AND ALLIED PRODUCTS—Continued
ROOFING
Dry roofing felt:
Production
snort tons
11, 726
7,484
Stocks, end of month
short tons
Prepared roofing shipments: t H
Total
thous. squares
1,118
Grit roll
thous. squares.278
Shingles (all types)
thous. squares ._
257
583
Smooth roll
thous. squares

7,722
6,647

13, 817
6,350

19, 816
5,072

19, 945
4,677

17, 021
6,324

12, 232
5,397

19, 467
5,687

15, 667
6,411

14, 710
6,648

12, 972
6,672

11,310
8,555

12, 899
6,629

« 1, 051
«227
"183
ffl
641

« 2, 221
°430
"424
« 1, 367

« 2, 955 ° 2, 413
«606
°550
«678
« 743
- 1, 662 « 1, 129

« 1,C 326
336
a 406
°583

« 1, 677
«395
"436
°846

« 3, 762
"790
°850
« 2, 123

« 2, 019
"557
«477
° 985

« 2, 387
"597
«655
« 1, 136

« 1,941
M62
"483
«996

« 1, 373
«345
°315
•713

1,361
1,385
258
717

ELECTRIC POWER AND GAS
ELECTRIC POWER
Fuel consumed in production of electrical
energy. (See Fuels.)
Production, totalf
mills, of kw.-hr..
By source:
Fuelsf
.mills, of kw.-hr__
Water powerf.
..mills, of kw.-hr__
By type of producer:
Central stationsf
mills, of kw.-hr
Street railways, manufacturing plants, etc.
mills, of kw.-hr- _
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.)
mills, of kw.-hr
Domestic service
mills of kw -hr
Commercial — retail
mills, of kw.-hr
Commercial — wholesale mills of kw -hr
Municipal and street lighting
mills, of kw.-hr _.
Railroads:
Electrified steam
mills, of kw.-hr.
Street and interurban— .mills, of kw.-hr..
Revenues from ultimate consumers (Edison
Elec. Inst.).
thous. of doL.
GAS
Manufactured gas: *f
Customers, total
thousands...
Domestic
.
thousands !
House heating
thousands
Industrial and commercial
thousands,.
Sales to consumers
millions of cu. ft
Domestic
millions of cu. ft-.j
House heating
millions of cu. ft
Industrial and commercial
millions of cu. ft
Revenue from sales to consumers
thous. of dol i
Domestic
thous. of doL.
House heating...
thous. of dol
Industrial and commercial., thous. of dol.
Natural gas:*t
Customers, total
thousands
Domestic
thousands !
Industrial and commercial
thousands
Sales to consumers
millions of cu ft '
Domestic
millions of cu. ft
Industrial and commercial
millions of cu. ft..
Revenues, from sales to consumers
thous. of dol
Domestic
thous. of dol
Industrial and commercial... thous. of dol..!

7,508

7,049

7,717

7,443

7,683

7,472

7,605

7,710

7,206

7,831

7,606

8,058

a

4, 528

4,642
3,075

3,955
3,488

4,465
3,218

4,779
2,693

5,005
2,600

5, 234
2,475

4,813
2, 393

5, 136
2, 695

4,662
2,944

« 4, 875
"3,183

a

2,980

4, 751
2,298

7,077

6,571

7,263

6,981

7,195

7,040

7,176

7,318

6,845

7,424

7,203

7, 601

0

431

478

454

462

488

432

429

392

361

407

403

457

468

5,766
1,123
1,085
2,831

5, 796
1,056
1,046
2,971

5, 842
1,026
1, 059
3,119

5,917
967
1,035
3,293

5,882
973
1,049
3,273

5, 808
956
1,060
3,212

5,982
957
1,080
3, 337

5,774
1,024
1,111
3,034

5, 988
1,081
1,112
3,142

5, 989
1,168
1,157
2,989

6, 126
1,224
1, 192
2,9G9

*» 6, 409
v 1,317
* 1,245
^3,135

202

191

176

168

144

150

J67

180

194

203

206

* 222

62
388

66
413

59
356

57
349

55
338

54
324 1

54
334

55
323

59
353

56
361

64
418

P67
"431

154,832

149, 780

149, 852

147, 915

147, 337

146, 529 ! 148,464

150, 196

155,812

160, 451

9,876
9,335
91
441
33, 425
20, 905
4,833

9,861
9,318
88
445
33, 841
21, 201
4,592

9,911
9,364
93
443
31,886
20, 484
3,348

9,971
9, 425
95
440
30, 149
20, 871
1,660

10, 004
9,461
91
441
28, 657
20,441
670

9,996 10, 014
9,457 : 9, 474
87
89
441
442
24, 862
25, 358
18, 021
17, 607
274
317

10, 057
9,514
95
440
27, 575
20, 189
430

10,083
9,526
106
442
29, 341
20, 860
1,237

10, 053
9,488
115
442
30, 246
19, 897
2,969

5, 071
« 3, 264
7, 866

163, 807 * 170, 101

10,010
9,440
118
443
32, 222
19, 817
4,747

7,481

7,848

7,872

7,460

7,404

6,846

6,846

6,792

7,060

7,191

7,465

34, 242
25, 128
3,019
5,950

34, 481
25, 394
2, 851
6,094

32, 869
24, 684
2,152
5,900

32, 313
25, 224
1,298
5,669

31,351
25, 162
540
5,549

28, 196
22, 639
289
5,165

27, 470
22, 017
256
5,088

30,615
24, 898
388
5,219

32, 031
25, 480
910
5,512

32, 068
24, 329
1,946
5,663

33, 003
24, 141
2,954
5,768

5,500
5,191
307
94, 349
38, 402

5, 504
5,193
309
92, 177
37, 879

5,492
5,189
301
83, 073
29, 756

5,478
5,184
292
72, 127
21, 143

5,484
5,199
283
66, 509
15, 106

5,435
5,155
278
59, 115
11, 256

5, 466
5,188
276
58, 618
10, 331

5,515
5,234
280
63, 779
12,180

5, 564
5,274
289
67, 257
15, 670

5, 630
5,319
308
78, 969
23, 354

5,613
5,297
314
90, 305
34, 066

54, 836

52, 898

52, 340

50, 143

50, 523

46, 865

47, 260

50, 583

50, 833

54, 618

55, 135

34, 815
23, 814
10, 812

34, 085
23, 382
10, 498

29, 418
19, 254
9,996

24, 170
14, 799
9,236

21, 020
11,851
9,035

18, 098
17, 698
9,804
9, 299
8,135 • 8, 252

19, 328
10, 387
8,793

21, 281 26, 196
12, 132
16, 056
9,007 i 9, 984

32, 506
21, 498
10, 826

1

8, 334

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
3,796 ! 4, 550
thous. of bbl_.
1,865
2,625
2,855
4, 939
3,512
2,968
3,277
4,567
2,722
Production__
thous. of bbl__
2,721
2,422
3,263
3,703
4,455
4,826 1! 5, 075
3,290
3,271
4,708
2,592
Stocks, end of month__
-thous. of bbl._
5,675
6,325
6,718
5,654
6, 797
6,064
5,218
6,868
6,692
6,270
5,438
Distilled spirits:*
j
Consumption (tax-paid withdrawals) *f
thous. of proof gal..
2,384
5,963
6,072
2,410
2,366
2,301 ! 2, 802
2,748
3,431
4,604
4,214
6,323
Whisky..
thous. of proof gal..
2,124
1,974 i 2, 210
2,376
2,097
1,893
5,338
5,267
2, 828
3,961
3,700
5, 516
Production, total.
thous. of proof gal
9,334
9,635
8,814
12, 224
7,970 10, 281
8,158
8, 838
9,465 12,110
15, 754
14,
536
Whisky
thous. of proof gal
8,695
7,211 ! 9, 009
8,828
8,182
7,600
8, 170
11,258 13, 134
8,785 11,200
14,
875
Stocks, end of month
thous. of proof gal
51, 404 58, 137
37, 992
45, 766
63, 351 68, 872
73, 841 78,380 84, 093 90, 055 98, 028
109,203
Whisky.
_ thous. of proof gal
34, 496 41, 326 46, 386 52, 859
57, 962
63, 422 : 68, 343 72,883 78, 471 | 84,198 91, 630
102,
504
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p. 36).
Consumption (tax-paid withdrawals)**
thous. of proof gal—
1,993
2,052
1,676
2,672
958
1,306
1, 389
1,532
1,577
2,825
3,137
DAIRY PRODUCTS
Butter:
Consumption, apparent*!
thous. oflb_. 110,936 •146, 444 144, 107 136, 671 159, 369 138, 657 133, 067 150, 881 137, 487 144, 961 140, 844 136,810 128, 802
.34
Price, N. Y., wholesale (92 score) -dol. per lb_.
.24
.25
.25
.24
.24
.31
.36
.25
.27
.27
.26
.29
Production (factory) f
thous. of ID
100, 130
97, 003 "107, 427 i 122,746 133, 218 174, 692 181, 759 171,682 162.589 141, 809 130, 861 110,655 i 102,702
42,716
Receipts, 5 markets ..
. .thous. of Ib
\
39,110
37, 873 40, 888 : 50, 520 47, 206 61, 499
63, 812
61, 251 | 57, 881 49, 392 49, 928 41, 564
Stocks, cold storage, creamery, end of month
thous. of lb._
7,981 36, 853
15, 351
11,838 27, 161 70, 148 108, 748 120, 467 125, 047 111,073 81,034 47, 175 0 18, 907
a
Revised.
*> Preliminary.
* New series. For earlier data see p. 19 of the May 1933 issue, manufactured and natural gas, and p. 19 of the June 1933 issue, butter consumption. Beverage figures
are from the U. S. Bureau of Internal Revenue monthly data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. Data on con
sumption of rectified spirits, as indicated by the sale of stamps. Earlier data not published.
t For revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; for manufactured gas for 1932
and 1933 and natural gas for 1931,1932, and 1933 see p. 20 of the May 1934 issue; for butter production for 1931 see p. 20 of the January 1933 issue; for 1932 and 1933 butter consumption and 1933 butter production see p. 19 of the March 1935 issue. Data consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries,
revision for December 1933, 4359. Series on prepared roofing revised. Revisions for earlier months will be shown in a subsequent issue.

• Consumption of rectified spirits figures plus ethyl alcohol withdrawn tax paid (see p. 36) equals Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.
Revised series. Data revised beginning with January 1933. Revisions will be shown in a subsequent issue •January 1934 revisions are 9.1 follows; Total,, LS1QO ,grU
http://fraser.stlouisfed.org/
CQll, 220, shingles (aU types), 165g and smooth roll? 725,
' • • - • • • - •

Federal Reserve Bank of St. Louis

_::__::_:

40
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS
1934

1935
February

April 1935

February

March

April j

May

June

| July

1935
August

Se

P'erm-

ber

October

N

m

°™ -

be,rj January

FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS— Continued
|
'
Cheese:
Consumption, apparent!
thous. of lb_. 42,820 o 45, 946 : 47, 833 45, 459 59, 854 45, 352 46, 932 54, 874 50, 163 61, 136 50, 072 42, 394
50, 528
3,902 i 4,757
3,936
3,897
3,676
3,213
Imports#
_
- thous. of lb_- 4,084
3,511
4,063
4,460
5, 730
3, 565
3,575
.14
.15
.15
Price, no. 1 Amer. N. Y
_dol. per lb_.
.17 :
.13
.13
.15
.14
.14
.15
. 15 i
.17
.18
Production (factory) t
_thous. of lb_. 27, 743 « 31, 168 37, 541 44, 897 61, 754 66, 545 62, 682 57, 887 51, 206 47, 464 35, 835 31, 163
26, 109
American whole milkf
..-thous. of lb_. 19, 493 « 22, 977 ' 28, 234 33, 788 47, 563 53, 222 49, 106 44, 650 38, 205 33, 732 28,146 i 21,517 ; 18,771
9,938 10, 553 15, 029
14, 392
Receipts, 5 markets
thous. of Ib
16, 487
17,257 | 12, 840 14, 277 13,609
9,522 ! 13, 526
10, 821 12,366
Stocks, cold storage, end of month f
thous. of lb._ 70, 144 67,819 62, 153 65, 450 71, 469 96, 960 115,842 122, 495 127, 363 118,008 109,972 ; 102,197 \ « 81, 220
American whole milk!
thous. of lb_. 60, 935 54,934 49, 856 52, 217 58, 073 79, 925 97,018 103, 805 108, 624 102, 832 96,688 ; 89,878 « 71, 007
Milk:
Condensed and evaporated:
Production:!
16, 989
20, 532
24, 907
22,103 \ 16, 997
Condensed (sweetened)
thous. of lb.. 15,122 "13,765
19, 425
16,226
16, 691
15,943 13,683
14, 297
Evaporated (unsweet'ed) §-thous. of lb_. 123, 657 "100, 249 131,719 152, 401 188, 688 210, 750 190, 089 175, 125 146, 130 138, 107 103,419 i 93,731 118,562
Exports:
201
544
253 :
1,276
1,261
Condensed (sweetened)
thous. of lb._
597
985
797
553
821
470
499
599
2, 562 j 3,278
1,615
2,597 I 3,421
Evaporated (unsweetened). thous. of lb.. 2,642
4,053
5,066
2,759
3,324
2,840
2,965 i
2,679
Prices, wholesale, N. Y.:
4.85
4.85
4.85
4.85
4.85 !
Condensed (sweetened)-. -dol. per case..
4.85
4.85
4.85
4.85
4.85
4.85 :
4.85
4.85
2.70
2.70
2.70
2.70 j
2.70
Evaporated (unsweet'ed)— dol. per case..
2.70
2.70
2.70
2.70
2. 70
2. 70
2.79
3.00
Stocks, manufacturers, end of month:
Condensed (sweetened):
5,943
4,918
8,458
10,105 ' 9, 921
4,937
9, 210
Bulk goods
thous. of lb_. 4,213
9,476
9,417
9, 135
7, 687
« 5, 635
4,774
4,875
5,924
9,239
17, 156
Case goods
thous. of lb_. 5,153
17,432
15,891
13, 555
11,236
10,516
8,068
Evaporated (unsweetened):
Case goods
thous. of Ib
59,791
28,913 112,936 99, 176 117,115 151, 691 153,149 205, 545 167, 864 175, 129 215, 700 203,402 150,793
Fluid milk:
Consumption in oleomargarine
5,041
5,682
4,168
3,461
3,900
thous. of lb_. 9. 622
4,225
5,184
6, 332
0, 165
0,552
6,880
7,731
Production, Minn, and St. Paul
thous. of lb_. 25, 978 33, 813 38, 665 36, 732 37, 908 35,202 ; 31,899 27, 988 24, 004 24, 174
23,449 24,747
27, 094
Receipts:
16, 250
18, 216
17, 758
18, 793
19,168 i 20, 766
Boston, incl. cream.
thous. of qt._
19, 291
18, 099
18, 290
17,846 17,350 •
96, 427 107, 667 103, 395 111,196 110,931 j 110,460 103,812 103, 331 106, 118 102,914 101,691 103, 072
Greater New York*
-thous. of qt..
Powdered milk:
130
316
225
316
309
209
319
376
Exports
.
thous. of lb_.
163
234
168
213
223
10, 577
14,691 13, 184
11, 197
12, 670
10, 923
Orders, net, new
--thous. of lb_. 15, 105
11,601 11,090 11, 629
11,437 « 11,176 ! 10, 700
Stocks, mfrs. end of mo
thous. of lb__ 23, 530 24, 920 25, 006 27, 648 35, 003 40,315 43, 007 42, 838 41, 794 40, 795 36,530 1 33,151 « 30, 207
FRUITS AND VEGETABLES
Apples:
Production, crop estimate
thous. of bu_.
- "119 855
4,722
4,367
2,254
1,387
756
1,145
Shipments, car lot!
carloads
10, 405
17, 742
1,897
7,776
5,672 ;
5, 732
5,838
Stocks, cold storage, end of month
3,858
392
4,092
2, 131
thous. of bbL.
1,055
10, 408
10,328
8,890 ! «6,928
4, 651
11, 741
12, 303
15, 785
10, 140
8,128
13, 039
5,851
7,051
7,394
13,631 '• 14,533 1 14, 866
Citrus fruit, car-lot shipments!
carloads.. 14, 199
2,125
1,971
3,682
3,031
2,872
2,933
1,303
2,342
3,514
Onions, car-lot shipments!
carloads2,083
1,886 !
2,787
2,601
Potatoes:
2.506
2.388
1.762
1.541
2.013
1.200
1.006
Price, white, N. Y
dol. per 100 Ib
.894
.975
.948
1.006
.975
1.006
Production, crop estimate
thous. of bu_'385,287 '
25, 687
18, 748
19, 763 21,467
11,513 14, 761 21,627
14,829 12,066
Shipments, car lot!
.carloads.. 20,923 17, 158 23, 634
18, 393
GRAINS
Exports, principal grains, including flour and
4,854
5,182
1,884
5,757
6,220
759
3,388 : 2, 884
2, 773
l, 842 ,
meal!
thous. of bu_3,371
2,050
1, 615
Barley:
502
690
139
408
165
743
Exports, including malt!
thous. of bu_.
789
582
628
425
535
111
209
Price, no. 2, Minn.:
.81
1.07
Straight*
- dol per bu
i
1.02
.95
1.09
1.06
1.09
1.08
l"~
.91
1.16
1.18
Malting*
.
dol. per bu
1.00
1. 10
1. 17
1. 20
*H8, 929
Production, crop estimate
thous. of bu._
3,026
3,574
3,502
3,813
Receipts, principal markets*., .thous. of bu..
3,509
8, 595 ; 5, 484
2,678
8,556
5,188 ;• 4,796
2,297
1, 893
9,301
8,317
6,946
12, 962
9,006 12, 403 i 13, 525 14,900 \ 14,401
Visible supply, end of month*. thous. of bu.- 11, 516 13, 362 12, 207 10,911
Corn:
244
247
248
74
371
357
Exports, including meal!.
thous. of bu._
209
518
471
224
147
308
51
4,662
5,562
5,721
5,271
6,738
Qrindings
thous. of bu_. 3,399
4,690
4,839 i 5, 302
4,062 ; 5,261
6,539
4,051
Prices, wholesale:
.45
.45
No. 3, yellow (Kansas City)._dol. per bu_.
.57
.78
.96
.80
.91
.96
.81
.92
0)
0)
0)
.49
.62
.84 I
.51
No. 3, white (Chicago)
dol. per bu._
.49
.55
.66
.76
.82
.98
.93
1.01
.94
1*1,380,718
Production, crop estimate
thous. of bu_.
8,072
9,579 26,568 41,447 18, 685 : 16, 157
8,632
Receipts, principal markets — thous. of bu.. 5, 999 14, 458 12, 800
6,720
8, 858
9, 226
6,812
9,017
8,931
Shipments, principal markets_.thous. of bu_. 7,767
9,471
15, 877
11,353 13, 610 17, 488 10, 448 1 12, 372 12, 514 11, 294
34, 204
Visible supply, end of month* _thous. of bu._ 28, 160 68, 384 65, 682 57, 396 46, 808 38, 518 44, 830 60, 451 62, 407 58, 683 50, 537 43, 462
Oats:
84
69
81
87 ;
76
69
78 I
73
91
Exports, including oatmeal!... thous. of bu_.
95
68
7i
54
.36
.56
.33
.32
.43
.55 ;
.54 !
.56
Price, no. 3, white (Chicago)... dol. per bu..
.35
.45
.49
.52
.54
''528,815
Production, crop estimate
thous. of bu__
4,029
5,002
2,811
3,050
3,388
4,886 t 4, 516
1,983
Receipts, principal markets... .thous. of bu— 2, 256
2,736
7,231
3,876
3,119
Visible supply, end of month*. .thous. of bu_. 19, 443 42, 307 38,011 32,902 26, 205 22, 524 21, 445 24, 605 24, 241 ! 22,627 22,191 ; 22,576
21, 258
Rice:
89, 197
75, 296
59, 421
31, 328
Exports! . ..
pockets 100 Ib
58, 656
41, 267
61,640 ! 53,225
73, 882
61, 164
46, 194 87, 639 142, 504
Imports#
pockets 100 lb_ 182, 985 22, 150 35, 581 44, 493 52, 973 59, 149 58, 464 46, 173 47, 313 44,645 42,643 1 46,330
93, 287
Price, wholesale, head, clean, New Orleans
.039
.039
.039
dol. per lb-_
.039
.039
.039
.039
.039
.049
.039
.049 1
.049
.039
._
.: « 38, 296
Production, crop estimate
thous. of bu_.
Receipts, southern paddy, at mills
932
496
191
183
244
thous. of bbl. (162 Ib.)..
191
153
836
1,974
910 j
612
688
1,280
Shipments to mills, total
853
746
525
436
417
483
555
747
810 1
714
993
829
thous. of pockets (100 Ib.)1,054
64
52
71
78
63
35
86
112
New Orleans, .thous. of pockets (100 lb.)..
57
77 i
58
78
103
Stocks, domestic,end of month
2,632
972
2,439
1,575
1,896
1,267
1,083 1 2, 189
thous. of pockets (100 lb.)._
2,215
2,356 i 2,311
2,247
2,562
1
Prices not available.
« Dec. 1 estimate.
»Revised.
' New series. For earlier data see p. 20 of the November 1932 issue, barley, receipts of milk in Greater New York, p. 20 of the August 1934 issue. Since the division of
no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1,1934, prices for each grade have been reported separately.
! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk cheese, p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,
September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1932 and 1933 revisions on cheese consumption and 1933
revisions on production of cheese, condensed and evaporated milk, see p. 19 of the March 1933 issue. For final revision for 1933, car-lot shipments of apples, citrus fruits,
onions, and potatoes, see p. 20, January 1935 issue. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total barley, corn, and rice by
months), see p. 2 of September 1934 issue.
# See footnote on p. 35 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 sstie.
5 Bulk evaporated milk not included since December 1931.
9 Represents the visible supply east of the Rocky Mountains as reported by Dun &. Bradstreet




13,912

;

41

SURVEY OF CURRENT BUSINESS

April 1935
Monthly statistics through December 1831,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

19:55
ary

1935

19.° 1-

Febru- . FJ;U"

March

1

Ar,ril

Se

Ais.y

October Novem
ber

m

Jun9 , July i August | ^ '

D C

b eT"

January

FOCKDSTCFIA3 ,*XI> TOBACCO — Continued

1

|

GRAINS— Continued
Rye:
n
3
0
Exports, including
flour
thous. of bu._
01
59
/
Price, no. 2, Minneapolis
dol. per bu_.
.f9
Produc^ion crop estimate
thous of bu
7
J r
'M
'i
Receipts, principal markets*—. thous. of bu_.
L,0o«
11 '-i
11, O l '
Visible supply, end of month*.. thous. of bu— 10, G°J
Wheat:
Exports:f
i, ;/!
4,W]
S i '
1, 301
Wheat, including flour ..thous. of bu-~
2, t ;
J, 0 )
.*, r
4
Wheat only
thous. of bu.~
1
Prices, wholesale:
!
No. 1, Northern, Spring, Minn.
.90
85
.v '
doJ. per bu_.
."1
<>9
^>
No. 2, Red, Winter, St. Louis.dol. per bu..
9*
1 00
,o5
8.
7
No. 2, Hard, Winter, K. C.._dol. per bu—
Weighted average 6 markets, all grades
dol. per bu—
.91
8^
•*
1.12
Production, crop estimate, total
thous.
of
bu—
Sprincr whe^t
thous. of bu
i
Winter wheat..
thous. of bu—
(
. •; •
v s
Receipts
...... -thous. of bu.. -1,7 l ! lu n
8, Or
l a .
\ 4>
140
Shipments
thous, of bu518 i t ,
29 »
>
ttocks, visible supply, world. -thous. of bu...
Canada
— thous, of bu—
United States*
thous. of bu... ( 2, 7f>9
Stocks, held by mills (quarterly)
11 , P
.
thous. of bu—
Wheat flour:
Consumption (computed)t
thous. of bbl—
Exports
. .---thous. of bbL36,029
2 uJO
( > t UM
Grinding of wheat
thous. of bu _ 31, "2)
Prices, wholesale:
Standard Patents, Minn
dol. per bbL,
6 63
(> C i
6 i*
7 28
Winter, straights, Kansas City
r
f
dol. per bbl__
) 5"
) 4i»
5 2
l
Production:
7, -tr
8, )6J
~, \f
Flour actual (Census)
thous. of bbl
7,604
Flour prorated, total (Russell's) t
thous. of bbL.
Offal
thous. of lb— 600,481 b&, 7n aC>/ rov) vu5
)(*
i
Operations percent of total capacity «
53
Stocks, total, end of month (computed)
thous. of bbL .
•i 7til
4,70)
1.7,
4, 1 r
Held by mills (quarterly) ... thous. of bbL.

i

i

o'

i

•

o

i

0

i

.87

2

0
.70

0
.76

847 '
1,401
11, 793 | 11,776

1, 502
12,323

2, 332
13, 425

2,199
109

1,923
57

1,936
152

1. 17 i
1.01 !
1.07 1

1.25
1.04
1.08

0)
1.00
1.02

1.10
1.01
1.02

1. 15 ;

1.19

1. 14

1.13

.' J

.69

71

',3ri
10, uu

1,^0*
11, o 7

-,216
12, J ^

I,11"
w

\ltjS
^'

2,042 !
1,776 ;

I f' f
.'jl
^*

1 10
.»>
.93

9'

.J

-» l l ")
' r »

.89 |

1

0
.80
• 16, 040 1
445 !
12, 572
1,
32

fill

0
.76
86
11, 486
1, 257
14

i

r

'
s ,
s

9i

i_ t »

:'> i n

M 5>.(
1 J.fH

'-i

>

n o

l,
»u

'h "
4'", K.

.n. i ; i >

11,7(7
5%, 250

'1'2 M ^
a". 0^• i

_„

11,0^2

1V.KU
.^1,130

49L
570
? 1 0, 21-7
107, 050

9, 154
1 ,'), 000
471,620
240, 6 ',6
•Jb, 756

100,904

34, 47b

33, "i>i.

1. 12
1. 04
1. 04

1. 10
1. 02
1. 01

1. 12

1. 12

^496.469 L
'91,435
•405,034 i
7. 843
5, 127
8. 051
8, 638
509, 410
517, 317
253,119
242,363
89, 766
74, 774
134,935

39, fi v V 40,371

S, ?M

t). 875
397
41,8?3

37, 393

8,694 I
8,600
315 !
265
34, 323 « 37, 766

6 St

7.0.)

7 1-

7. ^

7. TO

7. 32

7.25

7. 25

o j>

< 7l#

6 01

6. 1 4

6,22

5, 88

5.79

5.85 !

• 1 •>

7, r :

8,654

8,822

9, 181

8,211

> ror, 1^0 "oi/>95 710! 93 i

10,382
736,619
55

9,311
655. 023
53

5, 200

5, 250

4, 820
3 857

4, 700

828
107

921
113

1,077
126

"1,021
110

1,638

1,961

1,371

1,342

.126

.157

oJ JG-> ' o* ,!
50

s

1 M

a

4 t/ «

S """
o, *

i7

4, / O
...

52

59

4,020
5,090
... ! 3,473

7,547

7. 32

5.79

°8,315

8,585 !
9,024
601,417 5 "657,904
49 i
«51

LIVESTOCK AND MEATS
Total meats:
Consumption, apparent
mills, of lb..
Production (inspected slaughter)
mills, of lb..
Stocks, cold storage; end of month, total
mills, of lb—
9%
Miscellaneous meats
—mills, of lb—
90
Cattle and beef:
Beef and veal:
Consumption, apparent
thous. of lb—
Exportsf
thous. of lb—
1, 16 i
Price, wholesale:
Beef, fresh native steers, Chicago
dol. per lb. 175
Production, inspected slaughter
thous. of lb..
Stocks, cold storage, end of month
thous. of lb— 111, 149
Cattle and calves:
Movement, primary markets:
1,381
Receipts
- -thous, of animals
Slaughter, local
thous. of animals ..
859
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals..
509
Stocker and feeder
thous. of animals ..
192
Price, wholesale, cattle, corn-fed, Chicago
dol. per 100'lb11.98
Hogs and products:
Hogs:
Movement, primary markets:
Receipts
thous. of animals..
1, 823
Slaughter, local
-thous. of animals...
1,223
Slaughter, inspected.
(See Leather
and leather products.)
Shipments, total _ .thous. of animals
601
Stocker and feeder
thous. of animals...
26
Price, heavy, Chicago - - dol. per 100 lb
8.49
Pork, including lard:
Exports, totalf
Lardf
Prices:
Hams, smoked, Chicago
Lard:
Prime contract, N. Y
Refined, Chicago*

1,000

1,0'.-

1,01,

1,17>

1,(S

Osl

t 092

I,0f2

LOU"

i,CJ7

J.211

1,112

1076

1 »8

'J,<.
bl

Wt
Vt

881
90

'0 0«3

4X3 971

1,013
86
43

91 >
.»

*<U > 463 946.

0: >r >
J

(

<r

li v >j '

5

(H ul"

.(/'.'

.09^

.12,'

.']'

.Ill

v

IP! '.^,

«7,M 1

, ,,~i.-

iOi, 111

L'.'J-'d

•M.'lf,'
1'. 2

1,W
9'''J

i VC ,
J 015

•M41
l-i

495
t38

MS
14',

5. 83

6. 51

7. 44

I,.M,
',209

r

i

2,674
V85

°871
34
4 L7

801
37
4 ,",*

7^1 !
2S i
S.h/i

thous. of lb ; 94 165 1 rfi " i "
-thous. of l b _ . 15,890
3«',90 k
!
dol. per lb_.;
. 176
.120

r-0 i ' i
39, IW

4<» . • '
>;,.>.»

108, soy

127, 953

140, 940

« 127, 097

2,140

3, 000
1,711

2, 103
1, 356

1,797
1, 221

1,889
1, 226

!

1,1^1
470

2,041
802

1,071
550

L 257
477

835
317

565
165

649
199

8. 10

8. 50

9. 36

8.71

8.46

9. 17

10. 88

2,^t
l,y'>4

2,519
1. 1 77

2,067
1,41.0

2,093
1,531

2,807
2, 032

3, 218
2,338

3, 140
2, 189

2, 422
1, 651

7y.J
45
4 34

7o2
46
4 h5

645
59
6. 19

561
67
7.23

771
66
5. 95

881
52
5.95

953
42
6. 51

764
30
7. 99

:^\ 9 r >s
4 ,,008

: °.3
3o ioti

4?i r-u
29,358

568, 240
.11 ^ .n l 35,737
31,506 1 26, 870

525, 748
34, 023
19, 739

486,486
25, 670
16, 170

-..
27, 419
17, 667

.171

172

.184

07.
.01

09 S
.099

.102
.116

i

,^~
1"9
b 57

!
3, 07f
2,272

. 133

573,493

,>2,i
2, Ib6

, ~'2L.

8 23

i

.141

v7

> r,-,
i,(j,J

3(M

r/i>
l'>.'

852
105

.125
t y\4

!

2,468
1,679

. 143
.145

',

.C, »)
431,0'

°2, 728
1,853

dol. per lb — !
dol. per lb_.|

i"

Ji '
%>

3>777

>

l

I

.Orif
.07^

798
39 i
3 58

TO n1*
• '•Jij?

. K..1

t

\»

. loo

.0(7
.077

<"1
j~o

0')6
,u/0

. If

(,'•«
{,73 i

1

.101
. 108

. 164

. 161

. 165

. 1 12
. 1 J6

. 122
.131

. 136
. 144

a
Revised.
* New series. For earlier d..* i sco p 20 of th » Xu\\ .TIOIT ' H3 is.u», rve, an 1 p L •>* i » 3 J muary Uol j^« it, whole? ale price if lard,
t Data revised. For revisions of wboat flour, pro'luft t m '.nd cor. s U ' i i i i t . n q < Ku-°> i '^) f i - ) T u 'u'.y li^ ') ' > ' ) • • • ' i i ^r i'>32 '•ee i> i') < f the Augu st 1933 isi tie. For revisions
beef
and
veal
exports
for
1932, see p. 40 of the June U3 5 i jue. 1 5r re - 1 e i * \por: <Lit\ fur 19 J i, 5 .1 ]> J) o! 'lu 1 ^ pr^uDer H 1 '! ISMI
e
Dec. 1 estimate.
•1 Represents the visible supply east of the Rocky M*mnt i r is us re'>oiTul 1 \ nn J' T? <?.i m e t
Price not available.
2
Discontinued.




42

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
February

April 1935

F

^yU~

April

March

FOODSTUFFS AND

May

June

July

1935

1 Decem- January
August i Segterm" October November
1
ber

TOBACCO — Continued

LIVESTOCK. AND MEATS— Continued
Hogs and products— Continued.
Production, inspected slaughter, total
thous. of l b - _
Lard
- thous. of lb—
Stocks, cold storage, end of mo.
thous. of lb—
Fresh and cured
thous. of lb__
Lard
_ .
thous. of lb—
Sheep and lambs:
Lamb and mutton:
Consumption, apparent
thous. of lb—
Production, inspected slaughter
thous. of lb-_
Stocks, cold storage, end of mo.
thous. of lb —
Movement, primary markets:
Receipts
thous. of animals.Slaughter, local
thous. of aniinals..
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals..
Stocker and feeder
thous. of animalsPrices, wholesale:
Ewes, Chicago
dol. per 100 lbLambs Chicago
dol. per 100 lb Poultry and eggs:
Eggs:
Receipts 5 markets
- -thous. of cases. Stocks, cold storage, end of month:
Case
thous. of cases-.
Frozen
thous. of lb—
Poultry:
Receipts, 5 markets
thous. of lbStocks, cold storage, end of mo.
thous. of lb —
TROPICAL PRODUCTS
Cocoa:
Imports #
-- long tons—
Price, spot, Accra, N. Y
dol. per lbShipmencs, Gold Coast and Nigeria
long tons..
Coffee:
Clearances from Brazil, totaLthous. of bags..
To United States
- thous. of bags. Imports into United States #. thous. of bags..
Price, Rio No. 7, N. Y
dol. per lbReceipts at ports, Brazil
thous. of bags—
Stocks, world total, incl. interior of Brazil
thous. of bags—Visible supply, total excl. interior of Brazil
thous. of bags-United States
thous. of bagsSugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons..
United States:
Meltings. 8 ports t
long tonsPrice, wholesale, 96° centrifugal, New
York
dol. per lb—
Receipts:
From Hawaii and Puerto Rico
long tons-Imports f#
long tons Stocks at refineries, end of ino.f
long tons—
Refined sugar:
Exports including maplef..long tons _
Price, retail, gran., N. Y
dol. per lb—
Price, wholesale, gran., N. Y..dol. per lb—
Receipts:
From Hawaii and Puerto Rico*.long tons..
Imports:
Cuba*
long tonsPhilippine Islands*.
.long tons _
Shipments, 2 ports
...long tons...
Stocks, end of month, 2 ports -.long tons .
Tea:
Imports #
thous. of lb —
Price, wholesale, Formosa, fine, N. Y.
dol. per lb—

!
!

781, 823
671,315
110,503

«573, 706
115, 974

508, 993
99, 612

572, 457
113, 056

699, 676
137, 597

633, 062
124, 069

574, 229
107, 101

452, 672
78, 125

427, 324
69, 424

561,807 "625, 056
88, 548 101, 482

910, 000
733, 956
176,044

830, 997
657, 222
173, 775

835, 185
656, 087
179,098

823, 808
641, 568
182, 240

823, 560
628, 425
195, 135

853, 063
643, 566
209, 497

709, 165
542, 010
167, 155

652, 274
524, 220
128,054

610, 256
504, 737
105, 519

48, 605

52, 039

47, 676

47, 166

45, 709

47, 452

57, 083

641, 917
109, 999

675, 740 805, 670 0 780, 481
571, 913 687, 563 o 667, 984
103,827 ! 118,107 0 112, 497

j

47, 519

51, 097

46, 976

47, 286

45, 829

47, 551

57, 215

3,502

3,052

2, 024

1,281

1, 363

1, 450

1, 518

1,608

2, 400

3,074

4,687

4, 560

°3,819

1, 522
850

« 1, 456
902

1,570
957

1, 838
959

2, 114
1,014

1, 810
918

2, 152
998

2,615
1,106

3,324
1,384

4,056
2,126

1, 833
1,017

1,542
902

1,749
1,022

666
134

"549
79

625
81

872
135

1,104
155

891
115

1,155
190

1,482
390

1,931
774

1,943
908

819
283

644
133

720
151

4.09
6.47

4.18
8.33

5.00
8.63

4.75
8.90

3.00
8.97

1.63
7.24

1.78
5.91

1.47
5.59

2.09
5.56

2.00
5.56

2.00
5.61

2.63
5. 98

3.91
6.53

858

1,165

1,824

2, 051

1, 927

1,452

1,009

828

665

655

588

642

750

32
39, 394

90
39, 181

1,208
38, 679

4,640
62, 632

7,819
93, 947

8,965
116, 058

8, 981
121, 564

7,938
111,994

6,803
99,951

4,633
88, 715

2,380
76, 073

648
64, 879

a 39
52, 726

a

16, 501

19, 336

16, 435

13, 347

19, 604

22, 755

22, 417

21, 861

24, 725

31, 383

64, 370

59, 223

106, 242

101, 776

74, 197

49, 212

39, 790

40, G09

44, 904

46, 053

55, 262

73, 401

105, 565

132, 001

46, 706
. 0525

16, 919
.0520

30, f-02
. 0540

26, 539
. 0539

8,044
. 056.1

10, 843
.0572

10, 456
.0535

10, 914
.0535

18, 973
.0510

17, 154
.0485

16, 713
.0487

10, 933
.0504

23, 378
.0527

52, 091

47, 607

42, 235

22, 287

9,850

10, 568

10, 798

15, 803

3,441

11,822

32, 462

45, 259

59, 032

1, 118
724
1, 199
. 085
1, 029

1, 476
779
1, 353
.107
1, 3S1

1, 242

842
425
996
.104
1,212

1, 449
546
736
.102
901

787
512
788
.095
919

1,077
649
758
.097
1,245

1,467
783
919
.095
1,047

1, 308
815
1,018
.094
1, 154

978
514
1,021
.093
1,113

1,076
572
762
. 093
1, 105

1,096
609
1, 059
.094
1, 093

0)

0)

22, 266

21, 133

6,477
878

7,564
980

8, 084
1, 025

8,302
818

7, 064
866

6,820
820

6,642
716

6,537
705

1,305
. 109
1, 534

903
418
790
. 103
780

31, 118

29, 309

27, 141

8, 600
891

8,564
932

8, 526
886

0)

0)

8,496
955

8,499
916

23, 641
a

122, 285

1,789

1, 335

1,862

2, 422

2,475

2, 364

2, 212

2,041

1,764

1,589

1,345

983

930

300, 881

259, 470

289, 666

272, 885

344, 352

350, 731

300, 448

307, 685

350, 048

411, 507

278, 822

227, 522

356, 818

.033

.031

.028

.028

.029

.032

.033

.029

.029

.029

.029

.028

151, 033
139, 153

192, 519
114,484

205, 989
173, 838

155, 446
214,079

146, 258
250, 111

149, 087
197, 640

188, 196
53, 117

73, 180
91, 212

98, 415
683, 137

49, 393
241,262

65, 794
165, 562

58, 463
260, 715

100, 388
484, 448

439, 952

291, 644

406, 345

516, 505

561, 680

537, 831

633, 593

626, 796

501, 240

363, 952

456, 679

718, 953

483, 143

4,187
.051
.044

4,248
.051
.044

5, 622
.051
.041

4,649
.052
.045

9,494
.055
.047

13, 369
.055
.047

20, 194
.055
.046

24, 453
.053
.045

18, 816

9,981

13, 596

15, 294

14, 180

12, 3(36

11, 039

536

3,089

0

670

2,528

6,972

18, 385
0

16, 478

10, 879

9,913

48, 267
21, 950

53, 045
30, 182

45, 883
31, 164

16, 473
21,512
76, 934
25, 147

21, 226
3,323
58, 694
22, 373

18, 317
590
70, 545
18, 918

15, 439
0
68, 609
10, 228

134,194
0
73, 211
16, 805

64, 724
2,619
59, 952
20, 663

4,911
2,435

6,343
53

53, 280
18

6, 524

4, 696

6, 758

4, 493

4,389

5,419

6,471

9, 193

7,426

7, 942

7,668

5,015

7,385

.275

.185

.185

.193

.215

.215

.215

.215

.215

.215

19, 538

21,951

16, 792

16, 884

12, 945

10, 010

16, 433

24, 420

25, 106

24, 935

24, 596

20, 475

18, 185
513, 130

24, 782
449, 736

37, 906
22P, 108

34. 848
203,316

30, 699
263, 883

33, 392
496, 061

37, 791
832, 225

33, 240
941, 121

20, 288
889, 651

26, 966
367, 430

24, 350
362, 326

21,610
348, 805

. 029

10, 307
. 051
.042

4, 246
. 051
.044

. 199

.215

6, 376
. 055
.047

. 215

21, 461
. 052
. 043

8, 948
.052
.042

MISCELLANEOUS PRODUCTS
Candy sales by manufacturers thous. of dol
Fish:
Landings, fresh fish, principal ports
thous. of lb-.
Salmon, canned, shipments
cases .
Stocks, total, cold storage, 15th of month
thous. of lb. .

.........

a

a

a

77, 151 ;

0
15, 839 « 20, 553
31, 674
51, 574 « 32, 523 « 18, 5 13
62, 601 « 73, 637
« 77, 126 « 73, 850 a 64, 176
Revised. Note major correction in data on imports of sugar from Cuba Juno-November 1934.
* New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May
1934 not available on imports of refined sugar from the Philippine Islands.
t For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports and exports, see p 41 of the June 1933 issue
For revisions of exports in 1933, see p. 20 of the September 1934 issue.
# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue,
t Data not available.

a




April 1935

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found \ Februin the 1932 Annual Supplement to the Survey | ary

43
1935

1934
February

March

April 1

May

June

July

August

Novem- Decem- January
ber
ber

Sep t m
b |r '| October

FOODSTUFFS AND TOBACCO—Continued
TOBACCO
Leaf:
Exports!
thous of Ib
Imports, unmanufactured!?
thous. of lb__
Production, crop estimate
thous. of Ib
Stocks, total, including imported types
(quarterly)
mills, of Ib
Flue-cured, fire-cured, and air-cured
mills, of Ib
Cigar types
mills of Ib
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions. _
Large cigars
thousands. _
Manufactured tobacco and snuff
thous. of lb._
Exports, cigarettes
thousands..
Prices, wholesale:
Cigarettes . ..
dol. per 1,000
Cigars
dol. per 1,000..

24 629
4,501

28 406
5, 449

44 411
4,228

41 342
4,775

31 380
4, 548

2,435
:

1,957
384 i
1

29 563
6,139

19 013
5,209

25 605
3,830

2,214

53 097
5, 989
"
2 202

1,736
387

1,749
372

64 810
5, 140

47 534
4, 521
|

28, 609
3, 608
• 1,095,662

31,711
4,418

2,223
1,782
359

9, 306
320, 864

9,168
299, 214

9,333 ! 9,294
354,165 i 345,067

11, 174
380, 450

12, 045
404, 456

11, 355
378, 056

11, 810
425, 453

10, 294
394, 862

10,718 ! 9,727
494,456 46C>,164

9,210
317, 563

11,337
327, 578

26, 103
329, 290

28, 351
188, 956

31,478
246,278

l

27,260
344,740

29, 056
336, 264

29, 420
252, 609

28, 691
225, 387

30, 948
310, 334

27, 234
260, 409

30,506 27,769
280,590 : 282,269

22, 709
288, 768

30, 120
332,412

5.380
48. 820

5.380
46. 893

5.380 I 5.380
46.839 i 46.839

5. 380
46. 839

5.380
46. 839

5. 380
46. 839

5.380
46. 839

5. 380
46. 839

5.380 ' 5.380
46.742 ; 46.697

5. 380
46. 697

5.380
46. 697

FUELS AND BYPRODUCTS
COAL
Anthracite:
88
89
91
116
Exports
_ _
_ thous. of long tons
99
125
82
122
140
71
87
90
120
Prices:
Retail, composite, chestnut
13.02
13.27
12.94
dol. per short, ton..
13.02
13.27
12.34
12.40
13.04
13.01
13.05
12.60
12.83
13.11
Wholesale, composite, chestnut!
9.878
11.033
9.881
9. 847
9. 841.
9. 459
9. 084
9.216
9.760
dol. per short ton__
9.598
9.815
9.833
9.451
5, 952
6,418
4,184
5, 691
Production!
thous. of short tons__ P 4, 558
4,837
3,584
4,181
4,705
5,250
3,977
4, 729
3,443
5, 356
4,214
Shipinentst
_ thous. of short tons
5,198
4,027
5, 071
4,173
3,946
4,491
3,495
2,974
3, 110
3,401
3,601
Stocks in storage: •
316
308
690
1, 1G5
1, 541
2,500
2,673
2, 540
1,921
Total -.
--thous. of short tons
921
2, 197
1,415
1,769
Stocks, in yards of dealers, end of month
19
17
54
36
24
no. of days' supply. _
44
59
61
79
80
60
65
Bituminous:
Consumption:
4, 578
3,438
4,199
4,308
3,241
3, 637
Coke plants
thous. of short tons.. 4,178 « 3, 852
4,757
4,459
3,529
3,376
3,481
2,821
Electric power plantsf-thous. of short tons. _ 2,681
2,871
2, 696 a 2, 870
o 3, 002
2,391
2,652
2,801
2,944
2,740
2,911
3,006
5
180
5,759
4 855
5, 248
5, 550
Railroads
thous of short tons
4 837
4 804
4 553
4,801
5 089
4 543
4 735
90
70
79
82
120
89
81
122
107
119
98
109
Vessels, bunker
thous. of long tons
101
490
366
382
675
949
Exports
thous. of long tons,.
1,074
1,033
1,059
537
351
991
1,108
1,036
Price, retail composite, 38 cities
8.22
8.23
8.37
8.31
8.36
dol. per short ton..
8.39
8.18
8.30
8.35
8.35
8.13
8.18
8.23
Prices, wholesale:
3.972
3.974
4.180
4.192
4. 190
4. 190
4.120
4.200
4.190
Composite, mine run._.dol. per short ton__
4.180
4.179
4.199
4.185
Prepared sizes (composite)
4.216
4.210
4. 460
4.459
4. 449
4. 449
dol. per short ton,. 4.462
4.233
4.236
4.435
4.217
4.393
4.343
36, 393
Production! _.
thous. of short tons v 34, 423 a 32, 806 38, 497 24, 772 28, 100 26, 424
27,462 27, 670 32, 573 30, 450 31,386
25, 280
Stocks, consumers, end of month
thous. of short tons.. 32, 209 27, 100 28, 371 27, 711 28,490 29, 493 30, 387 31, 441 33, 077 35,810 36, 356 34, 476 « 32, 045
COKE
32
45
92
83
42
25
55
114
Exports
thous. of long tons
25
52
66
127
105
Price, furnace, Connellsville
3.50
3.43
3 59
3.73
3. 73
3.73
3.64
3.73
3.73
3.73
dol. per short ton__
3.73
3.73
3.73
Production:
88
84
150
<* 129
76
93
61
55
94
Beehive!
thous. of short tons
51
51
44
51
2, 969
2. 802
2,493
2,317
2,875
2,267
2,781
3, 192
2,990
2,175
2,418
2,280
Byproduct!
thous. of short tons._
2,381
121
129
116
Petroleum
thous of short tons
126
101
97
104
110
113
101
74
96
Stocks, end of month:
3,129
1,808
1,713
3,418
1,964
3,081
Byproduct plants
.thous. of short tons.. 2,860
2,047
2,846
3,418
1, 948
2,312
2,648
565
464
375
Petroleum, refinery
thous. of short tons..
484
405
595
653
515
504
459
494
478
PETROLEUM AND PRODUCTS
Crude petroleum:
75 456
Consumption (run to stills) thous of bbl
66, 470
73 563
70 593
71, 807
76 258
78 054
73, 611
75, 991 73, 784
79 998
80 065
1,699
Imports #
thous. of bbl
2,416
2,272
2, 794
2,877
3, 442
3,947
3,270
2, 395
3,448
1,753
2,661
2 621
. 940
.940
. 940
. 940
Price, Kansas-Oklahoma
dol. per bbl .
.940
.940
.940
.940
. 940
.940
.940
.940
.940
Production !§
. thous, of bbl
75, 548
65, 450
79, 870
75,810 76, 776 72, 403 75, 010
78, 715
75, 796
80. 040 81, 548
79, 058
Refinery operations _
pet. of capacity
67
69
70
69
69
67
70
68
71
72
73
72
Stocks, end of month:
California:
60, 879
Heavy crude and fuel oil§_thous. of bbl
83, 812 81, 584
76, 604
69, 490 67,133 63, 891 i 61, 861
78, 965
74, 815 73, 834
71, 207
37, 823
37, 209
37, 290
37, 529
Light crude §
thous. of bbl. 36, 672
35, 148 35, 842
35. 659
35, 467
35, 507
35, 881
36, 279
293, 226
East of California, total ! § thous. of bbl__
309, 864 311,576 312, 005 313, 840 315, 263 312, 938 308.138 305, 740 302, 636 297, 068 ,: 292.810
55, 892
55, 253
Refineries!§
_ thous. of bbl
56, 245
56, 339
55, 019
55, 582
56, 383
57, 069
55, 482
56, 738
55, 959
55, 432
254, 282 255, 193 256, 523 256, 771 258, 525 256, 979 252, 706 249, 495 24G, 297 241, 815 ! 237,791 237, 334
Tank farms and pipe lines!§thous. of bbl. _
1,032
1 004
Wells completed !§
number
1,234
1 112
810
930
1 182
1,047
1 050
914
1 126
1 216
Mexico:
2, 573
Exports
thous. of bbl
2 260
2 179
2 037
2 621
2 148
2 167
2 099
3, 394
2, 923
3, 333
Production
thous. of bbl
3, 192
3,278
2 862
2,715
3 299
3 433
3 206
Venezuela:
11,528
10, 586
10, 930
Exports
thous of bbl
10 268
10 723
10 822
10 661
10, 319
11,112
9 944
9 199
9 962
10 576
12, 241 11, 732
12,451
Production
. thous. of bbL. 10. 916
12, 115
10. 900
9.769
12. 233 12, 076
11. 028
11. 542
11. 203
11.976
Revised.
* Preliminary.
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933—data revised for 1933.
3 p. 20 of the September 1934 issue; 1932 final revision of anthracite and bituminous coal production, p. 42, January 1934; anthracite shipments for 1932, p. 42, December
1933; consumption of bituminous coal by electric power plants, p. 42, May 1933; beehive and byproduct coke for 1932, p. 43 of December 1933 issue and for 1933 revisions
see p. 43, July 1934. Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932. See footnote on p. 56, November 1933.
• See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
i Price converted to sbort-ton basis. Data prior to November 1931 not published.
• Dec. 1 estimate.
§ Data revised for 1933. See p. 20 of the January 1935 issue.
• Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports. The original figure for the end of August was
2,023,120 tons; revised for the month was, as shown, 2,197,411 tons.




SURVEY OF CURRENT BUSINESS

44
Monthly statistics through December 1931,
together with explanatory footnotes and references to tha sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935

April 1935

1934

February

February

March

April

May

June

July

1935
August

Decem- January
»; October November
ber

S

FUELS AND BYPRODUCTS — Continued
PETROLEUM AND PRODUCTS— Con.
Refined products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbL.
Railroads
thous. of bbl..
Vessels, bunkar
thous. of bbL.
Price, fuel oil, Oklahoma, 24-26 refineries
dol. per bbl._
Production:
Residual fuel oil*f§
thous. of bbl..
Gas oil and distillate fuels* f§
thous. of bbl..
Stocks:
Residual fuel oil, east of California* t§
thous. of bbL,
Gas oil and distillate fuels, total* §
thous. of bbl.Gasoline:
Consumption!! .. >.
thous. of bbL.
Exports*
-thous. of bbL.
Exports, value. (See Foreign Trade.)
Price, wholesale:
Drums, delivered, N. Y
dol. per gaL.
Refinery, Oklahoma-dol. per gal..
Price, retail, service station, 50 cities
dol. per gaL .
Production:
At natural gas plants! §.— thous. of bbL.
At refineries! § thous. of bbL.
Retail distribution (41 States)!
mills. o( gaL.
Stocks, end of month:
At natural gas plants?.. — thous. of bbL.
At refineries!§
thous. of bbL.
Kerosene:
Consumption! §
thous. of bbL.
Exports
thous. of bbl .
Price, 150° water white, refinery, Pa.
dol. per gaL.
Production§
thous- of bbL.
Stocks, end of month§
thous. of bbL.
Lubricating oil:
Consumption!!
thous. of bbL.
Price, cylinder oil, refinery, Pa.
dol. per gaL.
Production!
thous. of bbL.
Stocks refinery, end of mo§ thous. of bbL_
Other products:
Asphalt:
Imports^
.thous. of short tons..
Production! §
thous. of short tons
Stocks, refinery, end of month
thous of short tons
Coke. (See Coke.)
Wax:
Production
- thous. of lb._
Stocks refinery, end of mo§. thous. of lb_.

786

2,148

.750

1,092

.128
. 044

441

.049

812
3,250
2,782

875
2,890
2,399

755
3, 1 18
2,457

801
3, 174
2, 652

832
3,234
2,530

866
3,242
2,412

914
3,216
2,633

865
3,282
2,350

924 !
3, 494
2, 354

800
3, 215
2, 250

894
3,353
2,434

«892
3,437
2, 477

.750

.738

.750

.750

.750

.725

.725

.725

.725

.750

.750

.750

18, 183

20, 539

19, 344

20, 297

20,136

20, 824

20, 139

19, 447

20, 070

19, 913

21, 066

20, 335

7,155

8, 004

7,563

7,761

8,042

7,651

8,723

8,298

7, 904

8, 044

8,136

7,696

25, 274

14, 233

14, 044

15, 673

16, 501

19, 249

21,659

24, 615

26, 768

27,379 : 28,081

26, 579

12, 563

10, 658

11,403

13, 174

16, 313

19, 603

22, 927

24, 295

24,848

24,449

21,957

18, 021

25, 048
1,772

30, 528
2, 235

32, 735
2,436

33, 141
1, 643

36, 296
1,780

37, 395
1, 495

38, 941
1,766

34, 934
1,677

37,535 ! 34,961
1,823
1,833

30, 486
1, 429

28, 062
1,845

.165
.048

.158
.044

.145
.045

.150
.048

.155
.046

.155
.045

.155
.047

.155
.046

.161
.046

.138
.045

3,236
35, 997

3, 286
35, 330

. 155 !
.043 :

. 165
.046

.142

.136

.136

.139

.141

.140

.139

.136

2, 795
30, 472

3,019
32, 705

2,926
34, 097

2,907
35, 194

2, 838
34, 850

2,960
37, 078

3,031
37, 296

3,046
34, 488

3,238
36,282 ;

3,212
35,591

.119

.124

788

940

978

1,061

1,070

1, 090

1,123

1,075

1,095

1,023

979
41, 852

1,022
41, 783

1,276
40. 914

1,517
36, 507

1,646
33, 8S5

1,590
33, 190

1,589
30, 421

1,346
28, 949

1,083 I
26,340 !

889
25,201

4,154
716

4,218
657

3, 654
1,148

3,222
648

2, 372
962

2,815
751

2, 804
976

3,571
789

3,956 !
957 i

. 045
3,961
5,299

.048
4, 576
4, 986

.048
4,647
4,822

.047
4,548
5,470

.048
4, 206
6,335

.046
4,320
7,062

.046
4,376
7,651

.047
4, 262
7,539

933
0

1, 336
28, 311

1,461
33, 224

4,451
625

4,761
797

4,299
691

, 049
4,889 !
7, 497

. 048
4,786
7, 199

.046
4.777
6, 398

.047
5.011
6,388

1,302

1,643

1, 651

1,941

1, 569

1, 491

1,498

1,387

1, 677

1, 495

1,394

1,557

.113

.220
1, 865
7,120

.220
2, 152
6, 837

.220
2,322
6,796

.219
2,577
6, 773

.208
2,211
6,752

.183
2, 209
6,782

.148
2,152
6,841

.160
2,106
6,965

. 146 i
2, 145
6, 939

. 134
2, 090
6, 869

.126
2, 346
7, 331

.110
2,175
7,100

9

1
106

0
156

3
205

1
250

3
278

3
318

1
320

1
263

0
267

1
215

0
153

3
147

331

371

378

382

358

359

339

315

292

307

338

366

39,200
83, 791

43, 120
86, 644

39, 480
91, 763

41,720
101, 551

40, 320
108, 087

34, 160
115, 137

33, 880
119, 702

33, 880
118,991

39, 480
123, 099

39, 480
130, 222

37, 520
136, 136

36, 960
141, 252

LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins!#-_thous. of lb._
Calf and kip skins
thous. of lb__
Cattle hides
- -- thous. of lb__
Goat skins
-.thous. of lb._
Sheep and lamb skins
thous. of lb._
Livestock, inspected slaughter:
Calves
thous. of animals..
Cattle
thous. of animals..
Hogs.I...
thous. of animals..
Sheep
thous. of animals..
Prices, wholesale:
Packers, heavy native steers, Chicago
dol. per lb_.
Calfskins, no. 1 country, Chicago
dol. per lb-_
LEATHER
Exports:
Sole leather
—
thous. of lbUpper leather! •....
thous. of sq. ft—
Production:
Calf and kip*
.
-thous. of skins. _
Cattle hides*!
thous of hides
Goat and kid*
thous. of skins
Sheep and larnb*!t
thous. of skins. _
Prices, wholesale:
Sole, oak, scoured backs (Boston)-dol. perlb..
Upper, composite, chrome, calf, black, "B"
grade
-_
dol. per sq. ft._

18, 568
1, 306
7, 402
5, 870
2,351

17, 683
1,580
5,837
5, 837
3,315

20, 709
1, 856
6,388
7,598
3,457

22, 625
1,221
7,265
9,119
3,124

21, 235
2,259
5,184
7,217
4,247

22, 181
1,914
9,577
5,818
3,006

19, 907
1,900
8, 268
5,607
2,930

12, 958
808
4, 571.
4,355
2,512

10, 879
806
2,408
3,906
2,409

10, 018
919
2,148
3,202
2,658

11,095
658
3,763
3,219
2,554

12,635
1,092
5, 342
2,856
2,397

16, 879
1,289
5, 610
5,752
2, 549

390
659
2,409
1,137

437
733
3,433
1,159

534
771
3,039
1,242

526
749
3,411
1,164

600
864
4, 218
1,244

601
932
3,763
1,259

770
1,912
3,323
1,294

970
1,576
2, 641
1,523

831
1,786
2, 601
1,734

658
1,408
3,546
2, 609

495
1,232
4,023
1,368

494
1,188
4, 195
1,314

512
977
3,047
1, 345

.111

.103

.096

.108

.104

.098

.098

.088

.099

.096

.099

.110

.120

.113

.137

.121

.129

.116

.106

.093

.078

.093

.092

.110

.114

«.122

184
7, 307

138
4,859

282
6,144

186
5,457

186
4,336

294
4,918

205
3,850

753
5,043

425
5,354

363
6;684

451
6,030

233
5,677

281
5,428

879
1,662
4,074
« 3, 244

911
1,744
4, 358
3, 478

999
1,681
3,949
« 3, 672

1,032
1,700
3,940
« 3, 180

1,086
1,634
3,496
2, 641

1,152
1,512
3, 638
« 2, 452

1,177
1. 678
3,707
« 2, 334

970
* 1, 474
3,290
o 2, 222

1, 161
1, 678
3,637
3,062

1,015
°1, 684
3,329
2,871

1,079
I , 683
3, 274
2,707

1,107
1, 864
3, 536
2, 969

a

a

a

.30

.31

.30

.30

.30

.29

.29

.27

.27

.27

.27

.28

.30

.320

.352

.347

.343

.337

.333

.320

.300

.297

.296

.298

.307

.319

° Revised.
* New series. For earlier data see p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas oil and distillate fuels, and p. 19 of the June 1933
issue, leather.
f Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43,
May 1933, for 1933 revisions, p. 43, May 1934; production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel oil east of California, consumption of gasoline, production of gasoline at natural gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, and production of asphalt for
1932, p. 55, November 1933; retail distribution gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934; production of cattle and sheep and lamb hides, p. 44,
April 1934' imports of total hides and skins and exports upper leather for 1932, p. 43, June 1933.
* See footnote on p. 35 of this issue. Imports also revised for 1933. See p. 20 of the October 1934 issue.
* Data revised far 1933. See p. 20 of the September 1934 issue.
$ Data revised for 1933. See p. 20 of the January 1935 issue.
0
New basis due to reclassiiication of motor-fuel stocks.
t Data on production of sheep and lamb, from 1927-34 have been revised. Revisions not shown above will appear in a subsaniant issu-s.




SURVEY OF CUERENT BUSINESS

April 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935

45

1934

Febru-

ary

F

£™-

March

April

May

i June

July

1935
August

Sep

£^H October

Novem- Decem- January
ber
ber

LEATHER AND PRODUCTS—Continued
LE ATHER— C ontinued
of cattle hides and leathers (all kinds)
I of month:
1*
thous. of equiv. hides..
process and finished*
thous. of equiv. hides
w*
thous. of equiv. hides..

14, 867

14, 685

14, 515

14, 374

14, 444

14, 852

15, 216

16, 057

16, 751

17, 296

17,893

18, 262

10, 507
4,360

10 512
4,173

10 455
4,060

10 360
4 014

10 291
4 153

10 321
4 531

10 120
5 096

10 037
6,020

10 253
6 498

10 507
6 789

10 830
7 063

11 257
7 005

187, 068
119 189
67, 879

226 267
146 879
79, 388

192, 446
121 183
71, 263

209, 337
134, 592
74, 745

196 371
131 082
65 289

141, 377
86 735
54, 642

141, 124
74 649
66, 475

88

88

73

72

49

40

LEATHER MANUFACTURES
and mittens:
uction (cut), total*
dozen pairs..
ess and semidress*. _
dozen pairs
}rk*
dozen pairs. .

41

rts
thous of pairs
55
s, wholesale:
m's black calf blucher,
3oston
dol. per pair_.
5.50
m's black calf oxford, lace,
t, Louis
dol. per pair..
4.15
>men's colored calf, Goodyear welt, oxord, average
dol. per pair..
4.00
uction, total
_ thous. of pairs v 29, 353
m's
thous. of pairs-ys' and youths'
thous. of pairs
")men's
thous of pairs
sses' and children's
thous. of pairs..
ppers, ail types
..thous, of pairs .
other footwear
thous. of pairs

100

76

75

90

5.50

5.50

5.55

5.50

5.50

5.50

5.50

5.50

5.50

5. 50

5.50

5.50

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.00
30, 533
7,922

4.00
35 554
8, 673
1 503
14 083
3,686
3, 565
4 044

4.00
34, 425
8, 427
1 506
13 222
3, 271
3, 639
4 359

4.00
34, 060
8, 2J9
1 540
12 870
3, 185
4 072
4 173

4.00
28, 544
7,587
1 479
9 553
2, 757
3, 899
3 268

4.00
28, 394
6, 734
1,452
11 844
2, 647
3,333
2 383

4.00
35, 624
8, 616
1 757
15 025
3, 157
4,240
2 823

4.00
28, 184
6,969
1 321
10 564
2, 630
4 279
2 4^1

4.00
28 709
7, 634
1 512
8 804
2,771
5, 212
9 775

4.00
23 852
6, 939
1 252
6 147
2,293
4 827
9 394

4.00
23 200
6,563
1 194
7 746
2,401
2 892
2 404

4.00
a 28 834
7,673
1 381
11 760
3, 055
1 748
3 217

1,487
12 432
3,122
2,329
3 240

LUMBER AND MANUFACTURES
LUMBER
Exports (boards, planks, and scantlings)**...
_M ft. b. mRetail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
_ M ft. b. m
Stocks, end of month
M ft b m
Retail yards, Tenth Fed. Res. Dist.:
Sales
M ft. b. m _ _
Stocks, end of month
M ft. b. m._
Flooring
Maple, beech, and birch:
Orders:
New
M ft. b, m _ .
Unfilled, end of month...
M ft. b. m_.
Production
M ft. b. m._
Shipments.. _
_
. M ft. b. m .
Stocks, end of month
M ft b m
Oak:
Orders:
New.
M ft. b. m..
Unfilled, end of month.
__M ft. b. reproduction
M ft. b. m _ _
Shipments
M ft. b. m._
Stocks, end of month
M ft. b. m~
Hard woods
Hardwoods (Southern and Appalachian districts):
Total:
Orders:
New
mill. ft. b. m._
Unfilled, end of month
mill. ft. b. m..
Production .. _ _ _ _ _ _ mill f t . b . m _
Shipments
mill. ft. b. m._
Stocks, total, end of month, .mill. ft. b. m._
Unsold stocks
mill. ft. b. m._
Gum:
Orders, unfilled, end of month
mill. ft. b. m._
Stocks, total, end of month. .mill. ft. b. m._
Unsold stocks
mill ft b m
Oak:
Orders, unfilled, end of month
mill. ft. b. m.Stocks, total, end of month.. mill. ft. b. m...
Unsold stocks
mill. ft. b. m._
Northern hardwoods:
Production
M ft. b. m _ _
Shipments
M ft. b. m._
Softwoods
Fir, Douglas:
Exports :§
Lumber*
_
Timber
Orders:
New^
Unfilled, end of month

_M ft. b. m..
M ft. b. m..

93, 762

70, 282

2,738
63, 831

0
0

2, 691
65, 640

83, 453

109, 919

60, 991

53, 879

62, 452

115, 145

92, 933

104, 126

93, 860

106, 766

91,728

2,994

4,440
62, 857

6, 467
63, 800

6, 656
62, 665

6,574
60, 754

8,657
64, 388

9,251
61, 864

10, 290
57, 614

7, 777
55 191

4,019
53, 948

3,403
a 58 442

2,300
28, 052

2,268
27, 760

2,083
27, 734

1,290
13, 643

2,103
27, 259

2,278
26, 548

2,801
26, 221

2,499
25, 929

1,626
25,399

1,735
25, 584

1,689
25, 895

1,792
27, 493

'
2,059
28, 351

4,630
5, 831
3,440
2,812
21, 508

4,763
5,667
2,964
3, 665
18, 666

6,438
7,167
4, 596
4, 643
18, 828

3,037
5, 598
4,226
4,303
19, 195

4,437
5, 998
4,480
4, 512
19, 526

3,283
5,771
4,103
3,573
20, 828

4,092
5, 606
2,451
4,421
19, 059

4,072
5,148
3,326
4, 279
18, 741

3,165
4,700
3,529
3,386
19, 582

3,395
4,149
4, 546
3,408
20, 832

2,905
3,819
2, 673
3, 005
20 286

2, 669
3,510
3,339
2, 668
21 001

4,122
4,561
3,366
3,302
21 059

12, 264
8,504
7,773
9,015
61, 442

28, 238
29, 788
7,737
8, 112
65, 285

682
17, 005
8,919
13,711
62, 532

5,800
12,415
10, 360
9,476
63,938

8,646
11, 135
9,546
9,813
62, 635

6,521
9,426
8,951
7,965
63, 375

6,937
8,764
7,301
7,713
64, 251

8,061
8,241
8,115
9,041
64, 168

8,212
8,242
8,579
9,003
63, 444

9,802
7,972
9,404
10, 095
62, 793

8, 262
6,425
9, 182
9, 533
63, 077

6,246
5,678
7,704
6,964
63, 614

9,939
6,406
8,777
8,676
63, 302

124
240
128
116
1,891
1,651

135
239
120
128
1,862
1, 623

150
265
135
131
1,856
1,591

113
241
116
124
1,861
1,621

94
232
146
109
1,914
1,682

98
228
116
94
1,940
1,712

105
229
101
101
1, 959
1,730

94
223
105
94
1, 961
1,737

101
229
98
105
1,947
1,719

109
227
90
113
1, 927
1,700

124
261
86
109
1,932
1,671

146
269
131
131
1,914
1,645

58
421
363

46
414
368

48
425
377

48
424
376

44
427
383

41
442
401

39
447
408

36
450
414

37
452
415

36
445
409

38
441
403

49
432
383

qyn
o/U

109
644
536

88
588
500

90
582
492

110
578
468

95
580
485

95
606
511

91
623
523

96
634
538

93
638
545
oto

99
641
541

97
639
542

106
648
542

644
549

16, 733
13, 354

19, 965
18, 086

17, 227
18, 204

14, 581
16, 919

12, 890
13, 090

9,578
10, 607

7,129
13, 290

5,048
13, 075

5,188
14, 043

25, 492
13, 876

25, 380
20, 824

52, 956
25, 256

14, 701
10,422

1,173
426

7,190
3,252

60, 138
34, 513

38, 954
29, 363

35, 959
19, 715

40, 728
26, 156

45, 325
27, 565

39, 622
30, 327

173
287
146
161
1, 905 .
1,618

43, 911
25, 338

M ft. b. m._ 140, 114
M ft. b. m__ 153, 096

119, 970
144, 143

145, 933
123, 103

141, 457
152, 648

T

59
429

95

139, 666
83, 710
89, 530 143, 695 127, 132" 125, 789 124, 446 128, 923
141, 904
179, 059^ 153, 991 225, 167 131, 161 136, 980^ 140, 114 110, 121 145, 038
136, 085
Revised.
P Preliminary.
* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. For earlier data on leather stocks,
see p. 19 of the January 1935 issue. New series on leather gloves and mittens cover 234 identical manufactures as reported to the U. S, Department of Commerce, Bureau of
the Census. Data prior to July 1934 are not available. These data are not comparable with figures through January 1934 previously shown in the Survey.
§ Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber.
1 Data for March, June, August, and November 1934 and January 1935 are for 5 weeks; other months, 4 weeks.
• Data revised for 1933. See p. 20 of the September 1934 issue.
0




SURVEY OF CURRENT BUSINESS

46
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may he found
in the 1932 Annual Supplement to the Survey

1935

1934

April 1935

1935
i
Deoem- i January
October NovemAugust i September
her
ber
1

Febru- March
ary
!

Febru-

ary

May

April

July

June

LUMBER AND MANUFACTURES— Continued
LUMBER— Continued
Soft woo ds — C on tinued
Fir, Douglas— Continued
Price, wholesale:
No. 1 common
dol. per M ft. b. m__
16.00
Flooring, 1 x 4 , "B" and better
34. 00
dol. per M ft. b, m__
Production^
M ft. b. m
144, i43 j
Shipments^
M ft. b. m
149, 067
Hemlock, northern:
Production
M ft. b. m
Shipments _
M ft. b. m__
Pine, northern:
5, 532
Orders, new
M ft. b. m _ _
Production
M ft. b m
1, 529
5, 303
Shipments
M ft. b. m
Pine, southern:
Exports:
Lumber§
M. ft. b. m... 21, 576
8, 652
Timber§
M ft. b. m
Orders:
New
.
M ft. b. m._ 102, 395
Unfilled, end of month
M ft. b. m.. 55,707 i
34. 51
Price,
flooring
dol per M ft. b. m
101, 578
Production
M ft. b. m
Shipments
M ft. b. m__ 100, 752
Redwood, California: J
Orders:
24, 380
New
M ft. b. m
Unfilled
M ft, b. m.. 29, 767
22,915
Production
M ft. b. m
Shipments
M ft. b. m _ _ 18,311
FURNITURE
Household:
All districts:
43.0
Plant operations*
percent of normal- _
Grand Rapids district:
Orders:
4.5
Canceled
percent of new orders. _
9
New
no. of days' production..
Unfilled, end of month
13
no. of days' production. .
Outstanding accounts, end of month
17
no. of days' sales..
34.0
Plant operationst
percent of normal..
8
Shipments
no. of days' production. _
Southeastern district:
Orders, unfilled, end of month
dol , average per firm
Shipments
dol average per firm
Prices, wholesale:
68. 5
Beds
1926=100 i
89. 9
Dining-room chairs, set of 6
1926 = 100__ !
81.9
Kitchen cabinets
1926=100 i
76.6
Living-room davenports
1926= 100. _
Steel furniture. (See Iron and Steel Section.)

!
i
i

19.00

19.00

18.00

18.00

37.00 ' 37. 00
132,056 150,857
111,912 131, 161

37. 00
152,648
136, 980

37.00
132,056
106,988

37.00
77, 443
68, 042

19.00 |

6,312
6,297 :

6,474 >
7,699

6,588
7,631

5,658 ! 10, 159
8,734
8, 725

6,905
2,357
5,535

6, 272
4, 928
7, 612

5, 924
4, 356
6, 384

6, 970
8,933
6,000

8,794
11, 134
8,317

22,655
7,652

26, 549
6, 491

27, 735
3, 725

23, 113
8,885

108,336
90, 425
38.21
112,141
99,193

133,794
87,681
38. 16
124,469
117,391

110,348
: 97,498
! 38. 28
' 116,615
i 108,320

26,083 ! 19,217
32, 222
30, 693
25, 184
24, 482
21, 755
20, 644

20,278
27,698
22,901
18,943

16.00

16.00

16.00

16.00

16.00

37.00 i 30.00
34.00
69,833 : 144,143 140, 561
65,804 i 162,049 ! 144, 590

34.00
129, 370
113, 703

34.00
122, 656
123, 998

34.00
103, 407
113, 703

34.00
110,569
118, 627

18.00

18.00 i

11,550
6,157 I

7,861 1
10,046

5,920
10, 198

4,435
11,014

5,341
11,266
7,482

;

6,754
8,664 i
6,902 |

4, 198
5, 189
6, 457

6,503
3, 266
7,755

5, 044
1,014
5,526

4, 718
608
4, 237

5, 530
667
5, 097

26, 604
6,506

26,502
9,557

;

22, 129
10, 082

22, 884
9, 474

23, 386
6, 471

24,851
7, 450

23, 576
9, 234

121, 028
82.5J4
37.86
117, 665
122, 202

100, 863
76, 325
38.02
107, 606
115,461

90, 796
77, 599
36. 55
99, 222
96, 295

113,561 99, 840
64,366 i 58. 987
34. 97
34.77
97, 928
98, 961
113,913 ! 103, 908

113, 800
62, 827
34. 99
102, 324
114, 402

101, 585
59, 678
35. 03
96, 490
108, 715

72,812
49, 164
35. 00
74J 603

106, 173
48. 530
34. 49
99, 548
102, 401

23, 300
33, 740
26, 199
20, 147

17, 958
32, 769
25, 880
19, 402

15,834
29, 534
20, 647
18, 156

19,704
24, 946
25, 930
255 444

21,168
21, 930
25, 449
23, 991

22,811
16, 873
28, 215
25, 204

20, 424
16, 868
26, 345
19, 755

15, 932
14, 604
21, 242
17, 934

27, 009
24, 621
19, 808
16, 549

26, 698
7,754

30.0

30.0

30.0

30.0

32,0

35.0

39.0

42.0

41.0

42.0

39.0

39.0

8.0
6

7. 0
8

9. 5
5

8.0
7

7.0
7

5.0
9

5.0
8

5.0
9

10

6.0
10

13. 5
5

3.0
16

9
18 ;
28.5
7

34,123
51, 145
76.1
90.1
87.5
79.4

;

9:

6

7

18 i
29. 0
8

18
27. 0
7

16
27.0
6

27,627 i 18,911
58,196 | 46,177

18, 934
44,612

26, 360
30, 821

73.2
90.1
87.5
79.4

71.5
90.1
87.5
79.4

76.1
90. 1 !
87.5 !
79.4

74.9
90. 1
87.5
79.4

7
15
19.0 !
5
i

i
1
i
j

9

9

9

8

9

15
22. 0
7

16
24.0
8

25.0
8

18
25.0
10

16
34.0
8

15
32.0

40, 317
46,943

34, 759
63, 349

32, 674
60,211

24, 284
64, 616

19,071
46, 721

22, 070
1, 311

71.5
90.1
87.5
79.4

71.5
90.1
87.5
79.4

71.5
90.1
87.5
79,4

71.5
90.1
87. 5
79.4

70.9
90.1
87.5
76.6

68.4
90.1
84.1
76. 6

68.4
90.1
87.5
76.6

262, 740
22, 784

13
16
31.0
7

METALS AND MANU FACTURES.
IRON AND STEEL
Foreign trade, iron and steel:
Exports!
long tons__ 228, 537
Imports* #
_ . _ ...long tons.. 28. 905
Price, iron and steel composite *
32. 54
dol. per long ton..
Sales, iron, steel, and heavy hardware
January 1921 = 100..

Ore

0

151, 184
25, 407
31.30
78

261,269 1 201,539
38, 393
26, 862
31.38 |
99

241,753
29, 465

32.67

32.97

105

114

1

233, 186
17, 676

242, 947
32, 418

301,330
23, 847

220, 209
20, 202

299, 263
35, 272

282, 655
19, 70S

32.96 :

32. 32

32.24

32, 15

32.10

32.15

32.39

32.58

82

87

C1)

0)

0)

(0

0)

219, 406
24, 858

109

Iron ore:
Consumption by furnaces
2,721
1, 298
2, 190
2, 470
2, 467
1,306
« 2, 280
1,728
2,958
1, 444
1, 236
1, 506
thous. of long tons..
1, 600
79 i
202
64
95
99
73
79 ;
128
154
77
86
Imports^
thous. of long tons..
188
196
Receipts:
Lake Erie ports and furnaces
0
0 .
0 1
421
2, 343
1.761
0
0
1,468 I
0
thous. of long tons..
3, 092
3,118 ! 3, 362
0 '
0
257
683
0
0
1,151
'960
0
0
1,025
Other ports _ __ __ thous. of long tons.1, 090
1, 147
484 !
0
2, 641
0
0
2,631
4, 461 j
3, 439
0
0
4, 432
0
Shipments from mines. -thous. of long tons..
4, 162
Stocks, total, end of month
29,041 ;! 26,581 ! 25, 598
35, 874
34, 373
32, 027
34, 914
36. 341
29, 961
thous. of long tons.. 29, 558 I «31,
168
27,043
32, 713
fl
30, 625
29, 218
24,060
22,010
31,056
27, 004
21, 218
22, 700
25, 461
29, 713
At furnaces
thous. of long tons.. ! 24, 690 2o, 992
27, 858
5,249 i 5, 155
5,023
5, 2b5
4,380
5,176
4,981 i 4,671
4, 500
4,343
4, 856
5, 201
Lake Erie docks
thous. of long tons.. ! 4, 868
Manganese ore, imports (manganese content)®
2
14
11
13
21
13
8
20
49
5
thous. of long tons..
30
48
1
Iron, Crude and Semimanufactured
i
Castings, malleable: *
44, 568
36, 594
36, 505
18, 785
32, 639
19,511
28, 530
Orders, new
short tons.. 41,225
42,961
38,453
24, 499
21,862
21,306
28, 515
32, 746
43, 400
33, 939
43,438 ! 40,742
21,541
25, 317
37, 165
Production
__ short tons . 41,377
28, 340
23, 388
23, 910
49.9
40.1
33.5
38.7
50.8
30.3
42.7
49.9 !
47.9 !
33.4
25.6 !
27.6
Percent of capacity
27.8
|
29,
593
41, 182
21, 615
41,530 ! 39,817
21, 683
39, 493
25, 784
20, 360
Shipments
short tons.. | 37, 650 31,412
27, 591
31, 607
Pig iron:
Furnaces in blast, end of month:
37,615 a 54, 605
29, 395
28, 215 ! 31,310
53,720
63,270
67, 300
46, 260
Capacity
long tons per day ! 56, 695
48, 190
35, 585
31, 295
i
96
69 i
"90
62
96 !
110 i
117
89
59 !
65
62
Number
89 i
75
a
Revised.
i Temporarily discontinued.
' New series. Earlier data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for
castings, p. 20 of the April 1933 issue. New series on iron and steel composite price are shown on p. 19 of the January 1935 issue.
§ Data revised for 1932. For revisions, see p. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 1933;
see p. 20 of the September 1934 issue.
t Revised. Data prior to April 1933 not published.
t Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included
• Imports from Cuba not included.
# See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
1 Data for March, June, August, and November 1934 and January 1935, are for 5 weeks; other months,4 weeks.




Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

47

SURVEY OF CURRENT BUSINESS

April 1935

1934

1935

February

Febru-

ary

March i April

May

j June

1935

July [ August

Novem- j Decem
^!m" October
ber
ber

Se

January

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Iron, Crude and SemimanufacturedContinued
Pig iron— Continued
Prices, wholesale:
18.00
Basic (valley furnace).__dol. per long ton-18.94
Composite pis iron
dol. per long ton
Foundry, no. 2, northern (Pitts.)
dol. per long ton. . 20.39
1,609
Production „ _ __ __ thous. of long tons
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range: t
Orders:
53, 897
New
number of boilers
Unfilled, end of month, total
number of boilers ._ 15, 892
Delivery, 30 days or less
number of boilers ._ 15, 892
Delivery, more than 30 days
0
number of boilers ._
57, 294
Production
number of boilers
Shipments
number of boilers.- 57, 362
Stocks, end of month.. ..number of boilers.. 30, 375
Boilers, round:
Production
thous. of lb.._
Shipments
thous. of lb_Stocks. end of month..
-thous. of lb_.
Boilers, square:
Production
thous. of lb_Shipments
.thous. of lb_.
Stocks, end of month
thous. of lb-_
Boiler fittings, cast iron:
4,190
Production
short tons..
3,865
Shipments
short tons
Boiler fittings, malleable:
3.181
Production
short tons..
2,704
Shipments
short tons
Radiators:
Production
thous. of sq. ft. heating surface
Shipments thous ofsq ft heating surface
Stocks, end of month
thous. of sq. ft. heating surface
Radiators, convection type: *
New orders:
Heating elements only, without cabinets
or grilles
43
thous. of sq. ft. heating surface t-Heating elements, including cabinets and
grilles
66
thous. ofsq. ft. heating surface t..
Sanitary Ware
Bathroom accessories: f
121, 190
Production
number of pieces
111,005
Shipments _ _
number of pieces
Stocks, end of month
number of pieces-: 369, 605
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars. . 202. 61
Porcelain enameled flatware:
Orders, new, total
dollars.. 692, 358
235, 427
Signs
__ _
_ dollars
353,431
Table tops
dollars
637, 165
Shipments, total
dollars
190, 316
Signs
dollars
Table tops.-.
_
-dollars.. 142, 380
Porcelain plumbing fixtures:
Orders:
1,013
New, net
number of pieces
2,720
Unfilled, end of month ..number of pieces _.
1,236
Shipments
number of pieces
Stocks, end of month
number of pieces..
9,960
Vitreous-china plumbing fixtures: ^
Orders:
New, net
number of pieces.- 301, 925
Unfilled, end of month .number of pieces. . 369, 128
195, 160
Shipments
number of pieces
Stocks, end of month
number of pieces. _ 380, 756

17.00
17 94

17.00
17 94

17. 25
18.36

18.00
18,94

18. 00
18. 94

18.00
18. 94

18.00
18. 94

18.00
18. 94

18. 00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

19.39
1,264

19.39
1,620

19. 64
1,727

20. SO
2,043

20 39
1,930

20.39
1, 225

20, 39
1, 054

20.39
898

20.39
951

20.39
957

20.39
1, 028

20.39
1,477

88, 274

39 974

39, 326

35, 683

34, 627

33, 576

36,006

51,734

64.211

57, 566

44, 906

68, 106

21, 725

14, 368

17, 013

11,338

11,818

9,738

9,993

12, 724

10, 195

9,740

16, 329

19, 357

19, 002

12, 044

13, 101

8,688

9,150

7,844

8,695

11,878

9,492

9, 355

16, 329

19,357

2,723
80 668
87, 104
32, 387

2. 324
49 100
46, 301
35, 186

3,912
35. 960
36, 681
34, 465

2, 650
41, 021
41, 358
34, 128

2, 668
34, 741
33, 180
34, 902

1,894
33, 255
33, 746
33, 869

1. 298
37, 735
35, 751
35, 853

846
45, 375
49, 003
32, 225

703
63, 434
66, 740
28, 919

385
59, 673
59, 439
29, 153

0
40, 337
37, 471
35, 446

0
63, 879
64, 904
« 30, 443

4,246
3, 081
40, 012

4,913
2,827
40, 558

3, 982
2.544
42,012

4,133
2, 669
43, 585

3, 342
2,361
44, 544

2, f>91
2, 592
44, 739

4, 195
4,571
44, 437

3,886
6, 258
42, 035

5,762
10, 652
37, 136

4,391
5.330
36i 218

2, 946
3, 626
32, 3G6

3, 233
2, 666
32, 826

11, 428
8, 710
104, 263

15, 255
8, 241
108, 077

11, 965
8, 287
111,800

15,014
8, 332
118,411

15,498
10, 029
123 956

11,652
11, 172
124, 414

15, 554 15,030
17, 890 25, 208
121, 973 111.740

18, 833
34, 185
96, 329

19, 783
19, 353
96, 933

13, 099
13, 436
96, 554

16, 457
10, 604
101, 340

4,237
3,672

4,178
3 184

3, 667
3, 564

3,557
3, 604

3,495
3,686

3, 333
3, 523

3,914
4, 651

4,225
4, 655

6, 045
5,943

5,995
5, 027

4,298
3,060

4,690
4,750

2,610
2,390

2,730
2,094

2, 450
2, 175

2, 856
2,570

2, 436
2,445

2, 282
2,180

2,174
2,484

2,383
2,354

2, 838
2, 890

2,984
3, 090

2, 992
1, 914

3,153
3,205

2,409
2 307

2 923
2 182

2, 663
2,682

3, 969
2,630

3, 964
3,197

3,483
3,136

4,2*2
5,336

4,011
6,262

4, 680
9, 282

5,208
6,456

3, 632
4,482

4,679
3,117

30, 593

31 365

31, 389

325 775

33, 537

33, 867

32, 969

30, 885

26, 517

25, 473

24, 786

26, 178

45

77

30

45

62

77

62

44

94

124

115

81

76

97

135

95

122

128

178

158

196

131

182

93

147, 407
136, 027
368, 629

167 684
161 893
374, 420

222, 872 1 56, 270 205, 3SO 349, 072
223, 461 150, 739 211, 005 328,010
383, 557 383, 161 375, 376 376. 512

143, 483
133,571
371, 499

202, 354 207, 293
195, 289 271,912
370, 036 358, 472

75,310
64, 305
363, 755

204. 74

203. 50

521, 796
155, 005
106, 895
530 096
204, 81 7
99, 155

731, 321
197 691
105 844
715 665
231 974
114, 041

1,265
8,320
1, 536
9,818

1 455
6,888
2 594
8,951

84, 320
92, 928
75 933
674, 334

62, 437
76, 362
79 003
697, 571

108, 593 233, 176
106,716 219, 629
376, 297 383, 646

218. 91

217.88

218.16

211. 26

207. 03

206. 89

206. 50

206. 07

817. 818 899, 506 736, 858
286, 555 343, 340 266.811
119,387 112,965 107, 398
722, 258 842, 156 826, 975
215,673 302, 888 307, 511
117, 335 110,862 116, 601

594. 146
226, 883
110,079
738, 460
304, 752
106, 273

719. 146
306, 463
145,494
740, 802
332,917
145, 001

636, 811
193, 716
220, 279
652, 158
232, 206
195, 541

713,141
248, 598
178, 245
764, 436
269, 665
205, 059

563, 137
180, 523
133, 900
583, 567
199, 652
131, 993

525, 540
193, 535
111,188
530, 050
204, 527
106, 772

689,715
318,343
149, 384
594, 427
219, 672
152,409

1,787
6, 276
2, 074
9,140

1, 822
5,277
2, 354
10, 422

1,722
4, 852
1, 769
10, 981

1,785
4, 390
1,954
10, 762

2,723
4, 333
2,542
9,626

2,017
3, 854
2,198
8,847

2,427
3, 298
2,771
7,873

2, 582
3, 667
2,110
7,610

1,269
3, 020
1,300
9,703

1,620
2,978
1, 509
9, 660

96, 347
81, 133
91, 576
710, 206

120, 033
88, 478
112,688
708, 871

130, 757
105, 208
114,027
692, 644

111,496
98, 924
117,780
676, 061

130, 449
107, 020
122, 353
656, 033

139, 012
113, 991
132, 041
615, 467

258, 657
165, 687
206, 961
519, 867

183, 982 234, 350
183, 152 283, 202
166, 517 134, 300
482, 685 489, 729

183, 281
262, 363
204, 120
426, 570

217. 40

216. 88

Steel, Crude and Semimanufactured
Bars, steel, cold finished, shipments.short tons.. 31, 903
25, 989
27, 838
28, 885 30, S09 29, 940 18, 130 17, 622 14, 304 18, 500 17, 923 24, 049
31, 783
Castings, steel: •
Orders, new, total
...short tons.- 31, 725
35, 698
63, 142 46, 831
41, 537 41, 822 25, 538 20, 030 24, 327 21, 552 27, 312
60, 046
31,816
5,490
16,812
Railway specialties.
.short tons
15, 471
32,818
10, 408 22, 407
4,283
26, 758
4, 417
6,835
5, 697
5, 538
8,128
26.6
29 9
Percent of capacity _
22.8
40.3
38.3
26.5
12.8
17.4
16.3
15.5
20.3
26.7
13.8
Production, total
short tons.. 29, 687
28, 526
39, 491
46, 242 57^313 50, 268 46, 182 43, 748 31,816 29, 142 25, 799 23,916
28, 519
6,181
6,428
Railway specialties.
short tons
11,152
12. 174
18, 324 23, 309 18, 904 17,661
17,741
7,218
5, 142
9,309
6, 052
24.9
Percent of capacity
18 2
25 2
29.5
32.1
18.2
36.6
27.9
20.0
16.5
29.5
18.6
15.3
Ingots, steel: §
2 742
2,183
1,252
Production
thous of long tons
2 761
2,898
3,353
3, 016
1,473
1,364
1, 462
1,589
2, 834
1, 912
a 47
52
41
Percent of capacity
53
56
53
46
23
23
27
25
28
35
a
Revised.
* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior to
January 1932 not published.
$ In equivalent direct radiation.
t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue,
§ Data for 1933 revised. See p. 47 of the August 1934 issue. For 1932 revisions, see p. 46 of the July 1933 issue.
• Revised Series. See footnote on p. 20 of the October 1934 issue.
1 Revised series. Data revised starting Jan. 1933. Revisions for this year will be shown in a subsequent issue. Jan. 1934 revision net new orders 58,943, unfilled orders
84,814,
shipments 58,618, and stocks 656,680.




48
Monthly statistics through December 1931,
together with explanatory footnotes aad references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SUKVEY OF CURRENT BUSINESS

April 1935

1935

1935
,,,f
lst

March

METAT.b AM)

Septem- October Novem- DecemJanuary
ber
ber
ber

31 ANUI'ACTL-Eii.j- -Continued

IRON AND STEEL— Continued
Steel, Crude and Semimanufactured!
Continued
Prices, wholesale:
i
Composite, finished steel
dol. per lb—
. 0253
. 0246
. 0231
.0231
.0210
.0211
. 0253
.0244
.0244
.0244
.0244
.0244
.0244
Steel billets, Bessemer, Pittsburgh
dol. per long ton~_
2H. 00
26. 00
20. 75
29, 00
29. 00
27. 40
27.00
27. 00
27.00
27. 00
27.00
27.00
27.00
Structural-steel beams, Pittsburgh
. 0185
.0170
. 0181
dol. per lb_.
.0185
, 0170
. 0170
.013')
.0180
. 0180
.0180
.0180
.0180
.0180
10. 95
Steel scrap, Chicago
dol. per gross ton__
11.00
12.13
11,75
9.75
9. 55
11. 25
9.19
8.50
8.75
9.25
10.31
11.80
TJ. S. Steel Corporation:
6. 579
Earnings, net
thous, of dol —
21, 032
3, 769
3 762
Shipments, finished products* ...long tons... "583," 137 ~3S5, f/15 | 538, 209 643, 009 745, 003 935, 337 BC9, 938 378, 023 370, 306 343, 962 366, 119 418, 630
534, 055
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month. _ _ _ _ number, .1.158.398 500, 355 726, 569 I 820 884 865,012 935,651 634, 403 605, 573 596, 694 460, 880 330, 593 452, 930 1,171,996
Production
number
355, 220 I 521,950 i 620. 439 ! 589. 182 i 431,507 612, 695 519.444 316, 340 363, 885 524, 232 421, 003 373, 850 390, 459
38. 6
42. 8
26.2 j
40 0 !
43. 6
30. 1
Percent of capacity
- 30. 7
22.3
25.5
29.6
36. 7
26.4
30.0
Shipments.
.
number.. 353,418 520. 987 628.485 590,337 426,175 607, 692 528,8^7 318,678 368, 771 516,684 419, 500 374, 924
391, 232
35, 633 41, 158
Stocks, end of month
..number.. 28, 357
3I,o%
30,241
31. 755
39, 442
29, 461 24, 575
33, 626
32, 123
27, 328
26, 555
Boilers, steel, new orders:
227
360
282
376 !
441.
385
Area
_
thous. of sn. ft..
563
539
416
237
260
392
212
294 !
380
Quantity
number of boilers .
30 i
415
2'Jo"
45S
626
.597
690
447
331
329
Furniture, steel:
Business group:
Orders:
1,023 ! 1,020 !
1,039
972
866
1, 108
New...
thous. of dol_.
870
1,115
813
993
1, 026
1,063
1,184
707 ;
975
Unfilled, end of month
thous. of dol_.
910 I
975
1,013
I, OH
1 , 047
835
664
651
663
619
663
Shipments
.thous. of dol —
894 i
1, 064 j
863
95' >
934
1,011
1,046
1,101
998
879
1,039
1, 090
1, 139
Shelving: *
j
j
Orders:
27}
396
321
313
253
New.
_
thous. of dol..
206
253
209
258
219
273
30 i
208
272
246
200
Unfilled, end of month. ...thous. of dol..
172
154
120
196
164
192
238
251
279
354
231
395
346
Shipments
.
thous. of dol—
226
224
261
217
208
245
I
Safes:
Orders:
143 !
142
159
136
New
thous. of dol
153 i
154
162
147
161
118
190
160
174
194
200
1-V) !
157
Unfilled, end of month
thous. of dol —
160
211
196
181
216
177
230
245
16!
Iv5 ;
16i
153
376 '
Shipmeuts
.thous. of dol—
lisO
166
142
130
126
172
145
238
174 i
2-11
Lock washers, shipments.thous. of dol—
201
171
162
130
87
129
171
277
Plate, fabricated steel, new orders, total
short tons.. 15,061
12. 523 16, 293
20, 035 21. 8iH
27, 395
14.61! \ 38, 924
15, 103
16,581
16, 629
26, 025
18, 778
8, 743
2, 028
Oil storage tanks
shore tons..
2. 476
11,019
3,334
3, 445
927
3,252
5,185
1,389
Sheets, black, blue, galvanized, and full finished:
Orders:
272, 412 216,315 114,855
72, 517
66, 064
New
short tons _ 133, 322 I 134,355 153, 244 i->
77. 063 102 920 133, 344 193, 130 321,831
71,392
69. 472
64, 270
Unfilled, end of month.
short tons-- 248,931 206, 292 15'} (572 ' 5i l'!3 2.37,815
77, 423 100, 745 158,456
67, 062
279, 012
i 199,438
85. 286
Production, total
...short tons.. 219,002 194, 339 22^ 2'<2 214"! 522
77, 197
76, 051 104, 898 143, 057 159, 740
235, 714
71.5
60.0
67. 8 j
66. 0 ~" lf.(}
26. 2
61.4
23. S
Percent of capacity
...
23.4
32,3
44.0
49.2
74.0
85,412
Shipments
.
_ .short tons.. 201,054 146, 905 200,701 j 184,042 240, 730 301,832
77, 706
95, 107 103, 880 141, 566
73, 260
205, 915
Stocks, end of month, total
short tons.. 108, 7^3 1 1 7, 230 114,931 135,796 137, 510 ! 106,950 110,400 109.282
99, 888 102.284 107,550 104, 720
105, 182
48,714 j 56, 666
7!v 362
63, 600
71,968
Unsold stocks
.short tons _ 62, 024
64, 398
63, 667
65, 400 64, 393
60, 177
Tin and terneplate:*
10!
106 !
164
160
150
80
Production..
thous. of long tons..
115
93
85
83
90
120
5, 226
4, 416 | 6, 132
5f 764
3,310
6, 184
5, 364
Track work, production .
,_ ..short tons..
3 3Qr
2, 153
2,065
2,272
2,333
MACHINERY AND APPARATUS
i
Air-conditioning equipment:!
1,284 i 1, °63
695
989
1, 299
911
1,201
Orders new total
thous of dol
1, 267
1,191
1,501
1, 592
1,328
1,106
273
60
2';8 j
28;
209
197
Air-washer groupthous. of dol—
147
89
152
127
93
60::'
313
433
519
Fan group
thous, of dol..
467
590
575
459
485
336 !
421
360
550
313 i
3S6
347
Unit-heater group
.thous. of dol ,
822
576
865
742
527
Electric overhead cranes:
j
Orders:
167
89
194
200
319 i
123
84
136
New
thous. of dol —
59
139
129
393
56 '3
518
689
808
216
477
479 I
522
651
Unfilled, end of month
thous. of dol—
659
670
592
905
99
73
88
80
123
297
70
79
Shipments
thous of dol
89
143
158
207
80
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
66. 5
50. 7
75.7
65. 3
75.4
67.9
70,4
43.1
New
1922-24^-100
55.3
46.4
80.4
66.9
86.6
ff •>
52. 1
57. 8
43.1
51.5 i
63.0
36.3
49.1
57. 7
46.6
Unfilled, end of month
1922-24=100—
69.7
54.4
69.2
64. 3
67. 2
42! 9
62. 0
55. 5
48.7
85.1
37.0
51.5
Shipments
1922-24-100
59.6
81.1
76.2
Fuel equipment:
Oil burners:*!
Orders:
3,318
8,416
6, i-*7
12, 849
19,274
16, 714
New
. . .
no. of burners. . 4, 68 )
/i, 5V) ' 7, J 7"
9,355
5,338
« 4, 667
2, 78,1 1 2, 2>. > : 3,51.)
1,7'H
83,"
l,s'.2
2 0U
3, 894
2. 475
1, 776
Unfilled, end of month. .no. of burners..
1,386
735
871
5. 5 .1
6, ' ! > N
6,0 [7 i 7, m
4, 61 t
12, 465
18,133
19, 973
Shipments
no, of burners-.
9, 745
5,952
« 4,531
I'J, 03 >
18, 022
IV jo i 18, "1)4
14, 600
11,461
Stocks, end of month
_ .no. of burners _ 13, 19')
11, 348
12, 469
12, 986
Pulverized fuel equipment:
Orders, new, storage system:
0
0
0
0
0
0
0
0
0
0
Furnaces and kilns.. .no. of pulverizers..
3
0
0
0
0
2
0
0
0
0
0
0
0
Water-tube boilers
no. of pulverizers—
0
0
Orders, new, unit system:
0
0
2
0
0
2
0
3
3
0
2
Fire-tube boilers
no. of pulverizers. .
0
0
4
1
4
4
0
1
0
0
2
5
2
Furnaces and kilns.__no. of pulverizers..
6
6
12
17
5
12
21
6
3
7
Water-tube boilers... no. of pulverizers...
3
8
5
i
*
I
° j
Stokers, mechanical, new orders :f
1, 270
2,678
1, 109
686
644
560
902 ! 1, 215
4,636
5,077
2,761
2,125
1,241
Class 1, residential t
number. _.
Class 2, apartment and small commercial t
107
85 |
140
141
65
64
58
269
429
458
number265
210
147
Class 3, general commercial and small com28 j
48
78
60
188
30
22
41
133
177
mercial heaters* _
number .
142
90
61
Class 4, large commercial:!
105
150
109
PO
241
287
200
292
167
139
Number
205
21, 164
28, 289 23, 679 j 23,852 ! 34, 679 44, 100
43, 893 41, 987
19, 157
46, 623 39, 767
28, 199
24, 339
Horsepower
..
Machine tools :^
i
Orders:
)
36.2
3 3
53.0
34 < i
41.4
1^1
t 5
43.9
52.4
66.1
New*
1926-100
65.5
f
e
1
* New series. For earlier data see p is of tho J i n u i r v 1 Q J t i^t \V r ^ i p ^ o ' >rp)r<i i -, j p ^nieit ' •). 20 of th 3 Decemt er 1932 is 5ue, tin aiad ternep ate, p. 19
i > i nu ., 1 I ' d ! ) < d ci lep ort from 149 concerus; see p 48 of the May 1934 issue for
of the January 1933 issue, stokers. Current oil burn r >P ies *\ iJ i*1 r r 1 v 1 ">
r,_ip q ! p i n
1933 data; p. 20 of the July 1934 issue for mioh ne tool (mol'j 1 n
t Series covering shipments and unf lied orde ^ t< w ML tr U d t ^n i <1

IK
il { '
r 1 o 1 l ii i icr r T i f 1 c f
miry
1933 . Therevisions fo r this yea r will be shown in a
t Revised series. Data on air-conditionme
^11^
or
IP
c
n
T r
r Orroup 7 1, fan gro up 341 a nd unit 1leater gro up 303, oil
subsequent issue. Revised data for T r inuarv 1 » M on \ir1 con iiti m i «- i i j) 11 n"" ^e >• ( i * i , t >' 1 7i ">
http://fraser.stlouisfed.org/
burners, new orders 3,635, unfilled o* ders 1,588, shipment - u,6S7 ni 1 ^ t O C ' v S 1 ),3' ", Dlfc ( >L ~> i C tl " otv r>, ne v orders, slass 1, 66C); class 2, 98; class 3 , 89; and (jlass 4, nu mber, 140,
Federal Reserve Bankhorsepower.
of St. Louis
20.920.

m

SURVEY OF CURRENT BUSINESS

April 1935

Monthly statistics through December 1931, ! 1935
together with explanatory footnotes and refer- \
ences to the sources of the data, may be found Februin the 1932 Annual Supplement to the Survey | ary

49

1934
February

March

Ipril

May

1935
Decem- January
August ! PJ£ - October " ovember j ber
Se

June | July
!

m

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Pumps:
Domestic, water, shipments: 1
Pitcher, hand, and windmill
units.. 36, 433
Power, horizontal type
-units-690
Measuring and dispensing, shipments:
Gasoline:
Hand operated
units
446
Power
.- __unitS-_
3 001
Oil, grease, and other:
II and operated
units. . 5,133
Power
-_ -.units..
442
Steam, power, and centrifugal:
Orders:
New
thous. of do!
Water-softening apparatus, shipments^ units. ,
395
Water systems, shi pments | J
units. . 6, 079
Woodworking machinery:
OrdersCanceled
thous. of dol__
New
..thous. of doL.
Unfilled, end of month
thous. of doL.
Shipments:
Quantity
_ _ _ machines. _
Value
thous. of dol_.
NONFERROUS METALS AND
PRODUCTS

Metals

43, 122
496

33, 421
720

30, 335
607

34, 193
854

39, 152
785

36, 771
971

39, 552
910

26, 022
696

25, 127
732

661
1, 888

849
1, 879

685
2 745

692
3 327

773
2 712

488
3 193

620
2 630

538
1 867

2 ?40

0

5, 323
621

5, 119
404

6, 678
613

6, 960
608

5, 526
579

5, 242
488

5, 092
614

4, 860
614

5, 942
766

469
346
5, 204

344
7, 133

654
100

665
510
8, 254

703
:W()
9, 710

54 !
304
7, 056

580
344
8, L'04

637
3S3
5, L'70

440
5, 574

r>, 570

8
286
303

6
292
250

172
241

4
2°'.)
228

4

i

252
297

5
262
312

4

244
225

3
237
233

9

256
263

219

241
''47

3 1 '2
313

199
244

199
342

143
247

172
292

123
220

127
186

148
239

199
242

152
227

214

114
936

131
241

1

611

(US')

21,702
545

31,151
541

36, 482
615

563
306

419
1 794

o 366
« 2 501

5,591

4,490
339

6, 069
485

6'iO
350
-1, 632

6, ;]<;;{

4'>9

615
321

•_M3

6* *8
420

Aluminum:
19 5^7
Imports, bauxite^
long tons_.
13 936
19 211
13 534
10 576
16 685
13 394
13 249
14 130
12 985
14 463
16 749
7 191
Wholesale prices:
No. 1, virgin, 98-99 (N. Y.)
dol. perlb..
. 2095
. 2095
.2095
.2095
. 2095
.2095
. 2095
. 2095
.2095
(2)
(2)
(2)
(2)
Scrap, cast (N.Y.)
dol. perlb..
.0981
.1025
.1106
. 1019
.1251
. 1069
.1003
.0938
.0907
.0888
. 0923
.1225
. 1097
Babbitt metal:
9 164
2 147
Production total
thous of Ib
9 262
1 726
2 474
2 426
1 808
2 401
2 528
1 989
1 8^6
1 653
2 l°-9
3<)S
For own use
thous. of Ib
408
431
536
' 444
498
564
' 643
457
' 553
380
541
461
1 6°°
Sales
thous. of lb-_
1 327
1 716
1 890
1 993
1 976
1 964
1 619
1 435
1 273
1 364
1 400
1 078
Copper:
99 784
28 675
Exports, refined§*
short tons
22 739
24 210
24 925
22 306
30 721
19 395
25 324
24 279
24 476
24 869
23 648
Imports, total §#
short tons.. 22 913
25 382
23 226
13 724
15 247
18 486
15,110
5 785
22 817
14 780
16 565
12 236
15 152
Ore and blister
..short tons.. 22 129
17, 280
5, 533
24, 729
13,418
15,011
23, 221
14 724
13, 834
15 048
19, 131
10, 895
13 929
Price, electrolytic (N.Y.)
dol. per Ib—
. 0778
.0828
. 0878
. 0878
.0778
.0817
.0859
.0878
.0878
.0878
.0878
. 0878
.0878
Lead:
Ore:
Receipts in U.S. ore
short tons.. 25 510 22 137
23 211
24 375
25 729
22 304
25 -18
27, 644
24 005
26 080
26 713
21 803
25 563
Shipments, Joplin district
short tons..
1,792
1,404
3, 597
4,536
2, 933
3, 390
5,082
1,183
2,238
3, 901
1, 518
1,981
4,767
Refined:
Imports^
short tons..
3, 002
797
364
1 928
1 537
1 662
955
2 055
2 726
1 719
1 587
1 464
851
Price, pig, desilverized (N. Y.).dol. perlb..
. 0369
.0400
.0414
.0400
.0418
. 0357
.0398
.0377
.0375
.0369
. 0365
. 0360
. 0353
Production
short tons. _ 24, 963 31, 892
27, 176
31,379
34,741
29. 755
31,243
28, 723
29, 695
27, 354
22, 999
27, 070
32,
500
2Q 316
39 5]8
Shipments reported
short tons
31 76l)
25 778
30 365
29 479
30 673
28 276
35 943
33 606
36 018
34 680 o 33 695
Stocks end of month
short tons 99Q 799 216 224 22l' 465 222* 892 233' 245 238 181 240' 595 234*312 230 219 229* 859 932 934 235 457 °231 928
Tin:
Consumption in manufacture of tin and
2 330
1 21-0
terne plate*
long tons
1 3°0
2 480
1 440
1 , 860
1 570
2 540
2 570
1 100
1 240
1 780
4, 600
Deliveries
~
long tons..
2 925
4 845
3 (I05
4 110
3 845
4 530
2 940
3 835
4 405
3 850
3 575
4 045
4, 023
Imports, bars, blocks, etc.#
long tons..
3, 859
1,944
3, 932
4, 242
3, 569
2, 826
3,231
1,478
5, 196
3, 307
4,900
3, 148
Price, Straits (N.Y.)
dol. perlb..
. 5087
. 5162
. 5352
. 5093
. 5 1 L'2
. 5374
. 5560
.5122
.5192
.5149
. 5195
. 5087
. 1996
Stocks, end of month:
10 650
15 O'M
14,
691
World, visible supply
long tons
21 604
17 251
16 313
20 423
17 704
J7 371
16 475
15 494
15 386
13 698
United States..
long tons..
1 01S
2, 581
4 99S
7 014
6 459
5 089
4 968
5 649
6 461
4 243
2 638
5 094
3 571
Zinc:
Ore, Joplin district:
26 '257
Shipments
short tons. . 32, 264
23, 063
34 934
31,782
21, 600
26, 487
25, 689
25, 300
21 203
36 827
11 820
27 686
Stocks, end of month
short tors
15, 263
21 290
20 574
17 211
14 778
16 562
17 922
17 000
21 788
16 992
17 337
17 649
13 368
Price, slab, prime, western (St. Louis)
. 0373
dol. per lb._
. 0373
.0438
.0437
.0424
.0437
.0435
.0432
.0428
.0383
. 0371
.0405
. 0371
Production, total (primary) §
short tons-- 33, 072
35,614
30, 296
33, 845
34, 977
30, 686
30, 944
24, 756
34, 527
25, 160
26, 169
35, 685
26, 515
Retorts in operation, end of mo
number. _ 33, 210 30, 763 26, 952 26, 692
32, 658
31, 964
32, (793
27, 193
31, 284
30, 324
30, 442
32,
944
31, 352
Shipments, total §
short tons
35 538
29 )98
32 485
32 072
32 877
35 589
30 217
26 966
21 913
30 294
34 903
21 663
31 707
34 870
21 913
32 874
35 5H9
21 663
2M 8 / 5
Domestic§
short tons
32 485
35 538
32 072
30 294
30 169
26 966
31 707
Stocks, refinery, end of month §.. short tons.. 118, 075 109, 792 110, 760 109, 374 104, 729
119,906
99, 672
97, 462 101, 968 106, 570 110,803 115,852 119,830
Electrical Equipment
Conduit, nonmetallic, shipments.thous. of f t _ _
1, 111
1,895
1,097
1,981
1,692
1,488
1,551
1,426
1,575
1,609
1,810
1,142
Delinquent accounts, electrical trade. (See
Domestic trade.)
Furnaces, electric, new orders
kilowatts. .
1,422
1,462
3, 284
1, 415
484
984
1,090
479
1, 150
1,163
1,519
Electrical goods, new orders! (quarterly)
thous. of dol..
92, 302
128, 034
100, 334
118,397
Laminated phenolic products, shipments
dollars. . 750, 943 566, 490 844, 449 780, 160 760, 788 804, 870 667, 198 695, 382 561, 273 585, 565 528, 025 604, 610 698, 402
Mica, manufactured:
Orders, unfilled, end of month.thous of dol..
64
108
112
62
105
78
53
103
78
63
57
46
67
Shipments
thous. of doL.
163
116
154
121
111
84
114
158
147
114
99
106
106
Motors (direct current) :
Billings (shipments)
dollars
309, 232 274 937 287 031 280 771 335 307 260 355 297 734 209, 308
Orders, new
dollars-215, 558 337, 280 245, 784 321, 483 366, 613 207, 654 243, 700 242, 528
Panel boards and cabinets, shipments
thous. of dol
152
192
225
204
257
233
197
211
207
227
328
Porcelain, electrical, shipments:
Special
.
_ . _
dollars
48,031
43 433
42, 307
56 099
40 374
51,359
53 523
49 371
39 351
49 073
45 189
47,771
28, 568
Standard
dollars . _ 34, 590
17,244
22, 169
34, 649
22, 403
22, 383
27, 666
21, 539
24, 691
27, 263
27, 585
20, 723
23, 599
Power cables, shipments
thous. of f t . _
321
312
390
320
180
363
220
277
223
380
303
337
470
« Revised.
* New series; for earlier data, see p. 20 of the December 1932 issue for tin and terne plate.
t Revised series; for earlier data on new orders for electrical goods see p. 19 of the August 1933 issue.
t Present series on water systems now cover 49 companies. Data revised beginning January 1933. See p. 49 of the December 1934 issue.
• Data on exports revised for 1933: see p. 20 of the September 1934 issue.
§ Data for 1932 revised; for revisions see p. 48 of the June 1933 issue, exports of refined and total imports of copper. For 1933 revisions on zinc, see p. 49 of the January
1934 issue; for 1934 revisions see p. 49 of the February 1935 issue.
# See footnote on p 3,j of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue
2 Discontinued.
\ Revised series. Data on domestic pump shipments and water systems revised starting January 1934. Revisions for January 1934, pitcher, h:and, and wiridm ills, 28,29:';

power, horizontal type pumps, 347, and water systems, 4,392, Water softening apparatus revised starting January 1933. Revisions for this year wi.1 .1 be shown in a s ubsequent
issue. January 1934revision265.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

50

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 193r
together with explanatory footnotes and referi
ences to the sources of the data, may be found ]>I u u- I Febni
in the 1932 Annual Supplement to the Survey
ai j
| £ ry

April 1935

1931

YMO!I

A t .n'

Muy

June

July

1935

August j

Decem- January
October | Novem-i
ber
ber

k

METALS A]\I) MAN UFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Electrical Equipment—Continued
Power switching equipment, new orders:
Indoor
_
__ __
dollars
Outdoor
dollars-Radiators, convection type. (See Iron arid
steel.)
Reflectors, industrial, sales
units
Vacuum cleaners, shipments:
Floor cleaners
number..
Hand-type cleaners*.. _
number-Vulcanized fiber:
Consumption
_-._thous. of lb._
Shipments
thous, of dol
Welding sets, new orders:
Multiple operator
. . . . units
Single operator
_
units..
Miscellaneous Products
Brass and bronze (ingots) : •
Shipments and deliveries
..net tons..
Brass, plumbing:
Shipments*
.
. number of pieces
Brass sheets, wholesale price, mill.. dol. per lb-_
Copper, wire cloth:
Orders:
Make and hold-over, end of month
thous. of sq. ft..
New
-thous. of sq. ft..
Unfilled, end of month
thous. of sq. ft._
Production-thous. of sq. ft..
Shipments
thous. of sq. ft..
Stocks, end of month
_thous. of sq. ft..

30, 122
43, 075

33, 003
92, 297

35,47.
86, 788

33, 283
115,806

27,611
90, 477

51, 956

45, 604

48, 456

75, 580

54, 000
11,908

78, 475
23, 461

52S 453

57, 641

46, 681

65, 526
18. 7f>9

65, 213
21, 73S

50. 348
20, 014

' 400

1,461
294

1, 90S
387

1, 767
357

1,932
432

1, 833
451

4
252

2
335

332

1
395

_1
333

22, 920
125, 838

45, 045
107, 437

36, 728
113, 002

44, 666

50, 746

48, 256

40. 065
12, 025

50,211
18, 097

63, 936
21, 758

1, 839
316

1,552
329

1, 333
270

2
292

1
241

7
223

35, 322
96, 646

30, 214
78, 993

37.442
91, 908

27, 855
72, 974

56, 021

53, 255

48, 678

61,344

67, 414
20, 384

68, 866
21, 838

71, 307
23, 920

60, 180
18, 744

1,306
315

1,053
267

990
270

1,381
434

2
371

5
273

3
368

347

4, 322

5,291

5,223

5, 143

4,941

4,317

3,757

3,260

4,106

3,919

3,688

5,338

.143

660, 820
.138

799, 592
.138

704, 816
.140

788,911
,143

740, 222
.144

693, 979
.145

707, 156
.145

708, 694
.145

960, 463
.145

849, 415
.144

758, 548
.143

969, 823
.143

369
462
374
357
706

76
307
451
324
311
714

63
891
798
430
384
748

51
279
622
350
325
814

48
238
463
343
401
725

49
282
423
281
300
718

50
369
393
382
380
696

47
292
407
331
273
747

41
417
441
357
371
735

42
337
428
333
326
742

42
329
479
317
281
743

33
404
411
393
435
694

347,711
94, 499
102, 503
119,475
70, 398
49, 077
24, 966
6, 268
354, 234
101,646
102, 168
109. sV»
119,808
69. 631
50, 177
46, 19"
52, 883
90 44P>
24 5 "6
(), 002
6, 776
6, 056
10 1 6,n 105,361 111.759
37. S47
38, 623
31, 502
6, 828
6, 555
7, 163
51, 142
59, 484
59, 250
36, 963
35, 307
37. 730
is. S35 21, 520
22, 521
5,202
5, 740
6, 1 50
1,084
1,909
1,296

329, 961
96,815
91, 762
112,674
62, 476
50, 198
22, 552
6,158
333, 594
99, 902
92, 108
113.739
66, 056
47, 683
21, 866
5, 979
115,675
41.710
7,174
60, 648
40, 543
20, 105
5,238
905

376, 632
103,616
111,376
128, 091
75, 980
52,111
26, 730
6,819
380, 466
106, 321
111,520
128, 782
76,019
52, 763
27, 002
0,841
119,398
44, 400
6, 148
62, 670
41,929
20, 741
5, 449
731

.

56
314
745
418
378
788

PAPER AND P I t l N T I X C i
WOOD PULP
Consumption and shipments*
Groundwood*

short tons..
short toas

Sulphite total*
... short tons .
Bleached*
short tons
Unbleached*
short tons _
Soda*
short tons
Damaged off-qualitv & misc'l* short tons
Production all grades*
short tons
Groundwood*
^hort ton^
Sullphate*
short tons
Su phite total*
^hort tons- I
Bleached*
short tons
Unbleached*
short tons

317 5. 42

354. ,OS

&2, C ji">
1

09 _ , >
61 24 >
4"), 0 (

817! H •
M
107
M
4

l) 1
216
Jlw
70*.

9 { ( '1

jpVi»'»,
MM VI
o< N 4
6, <>'.)>
3n2 U '
10.', 0".
UM, ")
122, i . ' '
70 O i j
IV'S',

i,- -->^
1 14' i 7 7
< (4! 4"2
4 ) (,*• ^

7,1^,
V2 710
107 ^"
o.i22
117,492
o~ 1 14
50,37'j

14 , 100
1()\ T)0
'•7 0
L

|,4'"i'>
15 ' 2 4

4. 7,"0
, ,<* 0 0
Hu i . 5")
~, Js7
74 T.

H)0 .309
S7 01*2
UJ4.7H
'•> ) }()",
o, lv
%'s>,i
ll''7ft(»
(»') 0 >I 131

3i7, 730
SS, 610
90 0'.9
'04 2 , 7
110, 104
( 5, IS 5
60, 029
40 "S2
4% 101
50, 075
o 701
1 ' S76 22, 340
\ 622 t> 607
7.0-0
32o, 204 312.107
s/210
's t 473

9<,471
9". 2-*!
117,663

Soo, ,02
( 0 553
./), 744

11 7 '3
D i 73n
1 v 977

%tt

3f.O. 177
99, 382
107,943
119.965
69, 767
50,198
25, 498
7, 389
359. 938
93. 092
108, 551
125, 073

< , -9
s '<}O
i -> *,
f ' r^"
*V 0 S
6 070
7 1(,°
Damaged off-qualitv & misc'l* short tons
94 IV.' I ' O 1 4 4
Stocks*
short tons
12;, 947 11 1, ITS
56 s()j
53, v,o
43, 41S
61. , )'»
'67. ° > < f
Groundwood*
short tons
( iV>>
4
5 43!
1 74S
4. 0 J2
4 v )<)
4, 492
5, 5 ) i
Sulphate*
short tons
?7V5
3l]«391
36, 137
3", r.2
Sulphite total*
short tons
56, '54 1
2"> Os 3
37, 02 )
.34 -0
24. 7( "i
34 r 02
Bleached*
short tons
1 ) 103
2 ' 377
14 0 4
1 ' 747
2 ) 715
Unbleached*
short tons
IS '' '6
5 ".37
4 6"0
4 1 >")
Soda*
short tons
5,' 6 13
4, r>l
\ r !nb
4, 13S
5,316
4] 4M
4, 6 >,7
1, 600
?, 51 1
Damaged, off-quality & misc'l*- .short tons..
Imports:
121,4% HO, 917 150,031 142. 364 139,512 165, 936 146, 060 139, 263
108, 50'3 144 I o 109, 10'.
Chemical, total t $
short tons
179, 303
17,555
ii!243
Groundwood#
short tons
9, 239
11,051
21, 037
13, 020
17, 272
18, 707
19,319
17, 950
16,977
16, 880
Price, wholesale, sulphite, unbleached
__ _dol. per 100 Ib
2.10
2. 10
2.10
2 10
2.10
2.10
2.10
2. 10
2.10
2.10
2.10
2.10
2.10
PAPER §
Total paper:
Productionf
short tons
Shipments!
short tons
Book paper:
Orders, new:
57
67
63
59
67
Coated
percent of normal production. _
64
63
61
Uncoated percent of normal production
61
59
Orders, unfilled:
6
5
5
Coated
.number of days' production
5
6
4
4
5
5
Uncoated
number of days' production ..
5
Production!
short tons..
Percent of capacity.
Shipments!
short tons
Newsprint:
Canada:
Exports
short tons.. 146, 697 131. 919 239, 443 157, 031 222, 071 202, 177 212.845 183, 930 190, 794 204, 904 221, 553 245, 136
184, 243
Production._
short tons.. ISO, 305 175, 10." 211,819 216,510 242, 490 229, 637 208, 238 216, 164 196, 172 235, 021 240, 869 239, 544
201,959
160, 859 470,
563 207, 906 220, 769 236, 764 225, 449 199, 926 209, 938 195, 320 228, 921 262, 206 254, 657
Shipments from mills
short tons
180, 026
a
3 8,911 42, 973 37, 247
Stocks, at mills, end of month-short tons... 71,364
42, 459
46, 782
65, 099
61, 359 61, 903
67,' 994
51,932
46, 488 30, 366
United States:
Consumption by publishers
short tons..
153.958 156, 721 160. 815 193, 088 154. 175 150,500 145, 095 151.900 168, 372 172, 287 165, 496
157, 870
Imports#
short tons ~i3S~647~ 124; 584 168,839 196. 490 20-1. 036 200, 004 197, 227 171, 390 159, 944 201, 146 194, 392 222, 897
160, 973
Price, rolls, contract, destination, N. Y
40.00
40 00
40.00
40. 00
40 00
40.00
40 00
baso
dol. per short ton
40.00
40. 00
40. 00
40. 00
40.00
42.00
70 80
84 c ')
x2 2oO
Production, total
.
^hort t ns
80 0 ) 89 7 6
74 Oi7
79.971
7 ' 120
^ "62 74.851 79, 777
«80, 576
6>,4<S
80 9 7
Shipments from mills
short tons
8-1 '84
78, 480 08, 047
88, 0"8
ol 223
79, 129
86, 363
"75, 678
Stocks, end of month:
9
18 (73
18 r°0
20 3°7
2\OK)
30, 174
At mills
- ..short tons.
22 r )f
20, 601 23. 702
18,425
12, 428
17, 277
1 U, ROs
2V 3 4SO 270, 690 241,89? 230 734 244, 3S8 277, 125 261, 282
202 * 7 21 0"!
At publishers
short tons
'3
J
4° 4^2
4^ ,49
4t 200 "2s QL5
2S 202
In transit to publishers __ .short tons '
27, 670
42,818
o, 391 46, 237
38, 622
0
i
i i
Revised.
f
* New series. For earlier d iti onf hind
ype \ icuum r 'f in< r^ s t 7 ) o f ib \ U 2 J 1
t D I M prior 1f o < p f nVr 1931 not pi iblished (in brass plumbing fixtures.
t r P J 111 ^ n^ > i i i a t » \ F] ures ava liable on v for year
i
i i i
\n
1 I H
Wood pulp figures based on *L •>()' •> >f h P u p ! P i
1934.
Data not exactly co up \t vol \ \ i t i
->pt\i u
I l l s
i p
t r i i iii i n\ M 1
1 r
f Revised series. For earLer dita SP^ pn
18
19
tin
1
2
n
o
33
J~
r
1
>3
is
u
o
f
t
h
\
f
cl
e
it
11
FiecL
od pulp, 4 nd total paper; p. 49 of the June 1933 issue for

1932 for chemical wood pulp imports, an j f ) 19 of the Der^m Lr qn 3 i <>r book paper, J
# See footnote on p. 35 of this issue D ti for 1^33 revised
eo r 2< jf *ne 0 tuber lj 4 issnQ
http://fraser.stlouisfed.org/
• Beginning with Januiry 1931 Igures have b^en Compiled b\ f he t > i«T \ the itv ( 118 1^ f jt Briv* and Bronze Industry. The figures are more complete than those on
deliveries
previously
shown
Shipments
of
the
concerns
formerly
ren
>rtir nutn Mite ah )ut 80 *j
rctnt of the total for the present Aeries
Federal Reserve Bank of St. Louis

w

April 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

51

SURVEY OF CURRENT BUSINESS
; 1935
;
j Febnij ary

1934
February

March

April ; May

i Juno j July

1935
lst SeptemAugust

October

Novern
her

Decem- January
ber

PAPER AND PRINTING—-Continued
PAPER—Continued
Paper board:*
Production
short tonsShipments
short tonsPaper board :§
"176,018
Consumption,, iwaste paper!
short tons..; 209, 283
Orders: "
I
225,957
New
short tons. J
76, 578 80,958
Unfilled, end of month
short tons..
244, 334 223,478
Production
short tons..!
55.4
63. 4
60. 1
Operations, percent of capacity
221,114 i 213,956 197, 543
Shipments
short tons..
84, 326 ! 82,190 74,670
Stocks, end of month
short tons..
Stocks of waste paper, end of month:
At mills!
short tons..
197,510 |«206,060 ,-215,618 ; ^227,877
In transit and unshipped purchases
37,065 ! 31,346 i 28,493 : 27, 707
short tons..
Writing (fine) paper:
Production f
short tons..
Percent of capacity
Shipments!
short tons..
Wrapping paper:
Production!
.
short tons..
Percent of capacity
Shipments!
.short tons...
All other grades:
\
Production!
...short tons..!.
Shipments!
._
short tons..!.
PAPER PRODUCTS
I
Abrasive paper and cloth, shipments:
!
58, 121
Domestic
reams.. | 59, 071 46,235
11,854
Foreign
reams. _| 5,934 10,947
Paper board shipping boxes:
J.650
:
1,827
Production, total
mills, of sq. f t _ _ |
1,459
1, 693
1,282
Corrugated*
mills, of sq. ft..
1,447 : 1,402
1, 603
204
225
Solid
fiber*
mills, of sq. ft..
.177
201
PRINTING
Blank forms, new orders
thous. of sets.. 70, 401 60,789 72,204 |
Book publication, total...number of editions..
630 i
806
628
New books
number of editions..
539
457
563
677 !
85
129
New editions
number of editions. .
65
91
Operations (productive capacity)... 1923 = 100..
71
Sales books:
9,733 i 12,135 I
Orders, new
thous. of books..
9,932 10,953 I
Shipments
thous. of books,.

!°207, 476 ^224,874 j«208, 332 | 200,164 230,695 I 196,461

168, 375

213, 551

! 228,804 255, 744
| 72,930 68,756
233, 426 263,679
61.4
63.9
| 198,729 226,740
| 71, 478 73,325
i
'221,836 '230,298 ! '232,819 |«241,£69 '231,094

218,980 201, 121
62, 352 65, 723
227, 733 199, 940
57.8
54.2
i
193, 372
72, 592

277, 780
80, 046
266, 054
62.4

223, 692

208, 620

33,005

20, 000

35, 073

214,236 !1 200,278 I 246,187
73,256 I 71,523
224,214 1 201,924
"
246, 266
52.6
57. 1
58.7
190,896 ! 179,264 223,686
70, 659 69,119" i' 70, 064

15, 970

27,726 j 24,877 | 26,618

54, 185
8, 030

'226, 941

58, 287
6,804

11,127
11,470

RUBBER A N D RCJIiliER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total
long tons..
28, 526
20,489
For tirestt
long tons..
Imports, total, including latex !#_.long tons.29, 240
Price, wholesale, smoked sheets, N Y.
.104
.155
. :$.<
.154
dol. per lb._
.139
.129
.136
. 129
Shipments, world
long tons._ 76,000 85, 000
74, 000 88, 000
,000
llo.uOO
99,000
75, 000
670, 000 674,000
Stocks, world, end of month!
long tons- 680,169 652, 690
663.761 668,814 669,557
OVJ.S05
Afloat, total
long tons.. 94,711 103, 329
86, 408 88,169 87,809
104, 555
112,401
92, 583
70,314 72, 401
For United States
long tons.. 53,711 66, 329
50, 348 48, 539 47,809
59,555
52, 583
96,
London and Liverpool
long tons.. 155, 727 92, 519
105, 290 113,052 121,020
96, ~
134,927 148, 337
British Malaya
long tons.. 94, 695 92, 210
107, 607 103, 485 101,349
97.146 06,971
90,000
,471
United States!
long tons.. 335,036 364, 632
364,456 364,108 359,379
341, 224 332,608
351, 759 354, 909
Reclaimed rubber:
Consumption
.long tons..
Production
long tons..
Stocks, end of month.
long tons..
Scrap rubber:
Consumption by reclaimers
long tons
TIRES AND TUBESJ
Pneumatic casings:
4,212
Production
thousands..
3,252
3,241
4,205
5,025
4,627 I
3,188
Shipments, total
thousands..
3,186
4, 033
4,096
4,305 i
3,095
5, 071
2,919
4,212 !
Domestic
thousands3,106
4, 956
3,954
2,834
3, 966
3,026
Stocks, end of month
thousands9,154
9,913
10, 403
11,301
8,516
11,621 i
397
Solid and cushion tires:
Production
thousands..
Shipments, total
thousands..
Domestic
thousands...
Stocks, end of month
thousands..!
Inner tubes:
3,974
Production
thousands.
3,956
3,425
3, 570
3,074
5,039
4, 593
4,228
3,123
4,131
3,017
3,398
4,072
3,224
4,212
2,934
Shipments, total
thousands4, 755
5,150
4,193
2,684
3,995
2,609
3,610
2,765
3.164
4,141
4, 663
4, 003
3,906
5, 058
4,133
2,871
2,543
2,630
3,539
Domestic
thousands..
2,689
Stocks, end of month
thousands.
8,892
.741
8, 532
7,812
7,328
9,332
10, 267
7,410
8,247
9,937
7,907
8,904
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
thous. of lb_.
« Revised
2 Discontinued.
! Revised series. For earlier data see pp. 19 and 20 of the December 1933 issue for writing, wrapping, and other grades of paper; for 1932 revisions, p. 50 of the June 1933
issue for crude rubber imports; and for 1932 revisions, p. 50 of the May 1933 issue for world and United Stales stocks. Data on consumption of rubber for tires revised for
1932, 1933, and 1934. For revisions see p. 51 of the August 1934 issue. Earlier data on consumption and stocks of waste paper at mills will be shown in a subsequent issue.
§ The Bureau of the Census has changed the title of the " Boxboanl" report to " Paper board " since data actually cover all board of .012 of an inch or more in thickness
reported by the cooperating manufacturers. The difference between this series and the paper board data on production and shipments given at the top of the page Cmarked
with a "*") is that the latter are based on sample data supplied by the American Paper and Pulp Association which have been ratioed up to a total for the industry, using
the annual complete census data of the Bureau of the Census. Figures given on production, operations, and new and unfilled orders are for 94 identical manufacturers; shipments and finished stocks are for 78 manufacturers, and consumption and stocks of waste paper for 82 manufacturers.
t Data for 1934 are estimated to represent approximately 97 percent of trie industry; data are estimated to cover 79 percent of the industry for 1929-33, inclusive, and
75 to 80 percent prior to 1929.
# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 is^ue.
* New series. See p. 19 of the December 1933 issue for the complete pap?,r-boird series. New series on paper board shipping boxes compiled by the Container Code
Authority, Chicago, 111., from reports from all members of the industry of record b^inain:* in JnriTirv 1934. The volume of companies not reporting each month is
estimated by the Code Authority, so as to keep the series comparable. The solid fiber figures are complete as reported. Prior to January 1934 data covering this industry
Digitized were
for FRASER
compiled by the Paper Board Industries Association.



52

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
February

April 1935

February

March

April

May

June

1935
October No>v«n-

August

July

January

RUBBER AND RUBBER PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Rubber bands, shipments.
thous. of Ib...
Rubber clothing, calendered;
Orders, nat.. -number of coats and sundries. . (0
Production.. .number of coats and sundries..
(')
Rubber-proofed fabrics, production, total
thous of yd
Auto fabrics
thous of yd
Raincoat fabrics...
thous. of yd..
Rubber flooring, shipments... .thous. of sq. ft..
Rubber and canvas footwear:*
Production, total
thous, of pairs.. 0} 1 >
i) M
Tennis . ... _.,
_ .thous. of pairs..
> -, M
Waterproof
.thous. of pairs
{ i >2
Shipments total
fious of pairs
Tennis
thous. of pairs. . i 2 > i
1 1)N
Watororoof
thous. of p i i r s
{ .,! •
Shipments, domastic, total -- .thous. ofr pairs..
<, Ib .
Tennis
thous o "pii r s
1 4't
Waterproof
. thous. of pairs..
i
> »%7
Stocks, total, end of month ..thous. of pairs..
Tonnis
thous. of pairs..
3)"
Waterproof ....
._ ..thous. of pairs. .
Rubber heals:
Production
-thous. of pairs
Shipment?, total*
thous, of pairs..
Export
thous. of pairsRepair trade
thous. of pairs. .
Shoe manufactures
.--thous. of pairs-Stocks, end of month
thous. of pairs..
Rubber soles:
Production - .
thous. of ours..
Shipments, total*
.thous. of pairs..
Export
. - . . .thous o f o i i r s . .
Repair trade
thous, of pairs —
Shoe manufactures
.thous. of pairs
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipmsats:
Total
thous. of dol...
Belting
thous. of dol — .II.I.IHose....
- thous. of doL.
Other
.thous. of doL.

220

282

342

. 293

238

220

237

231

330

209

174

230

15, 243
20, 032

19,963
11,384

15 6' 3
13 7)o

20, 930
21, 610

21, ^3
27', 149

15 1 7

24, 188
22, 651

47, 497
31,274

38 625
38, 464

22 7)6
2> MS

17, 059
2^ 53b

3 194
301

3 575
434
1, 527

3 S7"7

4,291
570
1, 82"*
413

1,742
r
6S
2 40'
o33

5,279
Su4
2 813
3 >
„

i in

0 °°i

71 j.
v«s 4
in

(0
(0
o 77n
2s 6
1, 141
208

4 >70
1, )70
3 300
" 317
1 25s
4. 060
5, > / 3
1 210
4 03,
15,177 j
t , 939

5 668
2 <> f )S
2 '*'»9
f», i1)1-)
2, 77s
-•>, <iOl
ii. 2 " i )
J. O b i
i, 5s<)
11,46-)
t), S')0

13 42b
1 1 07o
3 j^
3 -±3 >
10 2S1
37 7),

14,3u
lo]oiO
296
5, 6b7
10, 667
.i, 705
3, b )b
_9

1, 42;)

42 1
5, 130
1, 5 SO
1,850
4 585
3,211
1 . 3 45
4, 555
3, 220
1, 335
16,394
8, 165
8, 229

Ki

571)
1,670
437

6, 487
4, 188
2. 231
6 845
5.419
1, 426

1 34'
9
t)1
2 3 )2
2 74)

5, 378
1,418

1 7 N
b~)
17 7/4
7 37b
10 3 j 3

6,795

16,016

6. 932
9, OS 4

8^1

19. 903
19, 294
347
6. 605
12, 199
39. 5 )2

17, 802
16,991
328
4 J73
11,991
39.961

5,711
5,80i
1
817
5, 136
5, 010

5, 72-3
5, 770
3
532
5, 235

5.018
4 739
5

3,491
757
1,147
1,587

4, 437
830
1, 500
2, 103

4.838

3 15>

478
i 32)
44)

D.J
i 2' »
372

t,9l f

4 t/S

> w
sn
5

1i? Si '
P i
>,, P
2927
2,927
OS*•
- 08

1 1*

16, 233
20, 514
175
9, 273
11, 036
38, 986

33,93",
93*-.
534
1,7/s !
540 j
540

i

81
2 874
2 03i
Ok
83s
2)
ObO
23
7,2)3
12, 821
UH.H

19, 603
20 123
137
bh 928
13 0»
0))
1J
33 7
31
? •i '

4 43)
4 9^)
4 257

sn

1,498
1,937

i yt>

2 912
^ u3
1 )S3
i 633
3 />'
I ) >$
I f»23
20,945
6 846
14 0 ) )

t
1
*
4
1

>
][>
b
13

5, 161
3 Qls
' 877
1,011
1 i-)')
3 )11
6 i29
n 4'b
1
01
5H
1
t <H>
5 )M
6, 4*3
b i36
1 1)7
S57
4 9s2
5 o79
is 5)7 | 15 K5S
5 983 i 5 8H
12 -)81
10, 037

711
>U
' /1
43 >
»< <
170
42)
f
m
51) ,
41)
f

1Q 412
23 5'3
4 'j
3 94)
l j 142
33 143

lo > j $ '
15 6 j >
34b
1 4S>
10 82)
38 O r

3<J9
4 93o

10 2ib
1? I t )

5j OtO
OtO
4 S8'
11 i
44)3) 3
4 js7
i j )]

i 7<2
j OjO '
10 !
21
4,7))
4 9-j-

3 Q*>
3 277
2 i
31S
295)
4 9.»

3 t»l
3 63J
2
332
3,218,
4,844 i

2,95°
3,107
2
4">5
2bj)
4, 71

4 533
53J
Q33
1 73)
7j)
1.840

4 42i
990
1 53.
1 Sr2

3 83 1
1 OO1
1,3'j
1,47^

3,9^
984 I
1 333
1,540

3,187
846
1 13S
1,2J3

T j

?

,43
1 (» ) >
1
1>
, s>~
i - >y
- j
(.
2
1 fn>
o2s

1 23i
} s/ ""
')
7J
4 "3>
5 4V»
"rs
4 727
15 n*
6 OSo
9, 163

13,911
13,219
219
4,079
8,921
42,652

18,605
15, 493

13 j
1

1

2-^

l j 513
( ">
s ^ 3s

14 437
1] 922
Ib 8S3
15 "1)
377
326
5 2i3 !
1 17i

r 2'j
l

u -ii

s r

!

7.57*5

n.sii

" ,

HU

> <>r)

, >n

2j~

>'7

13 i
-.Si i
2 b '9 '
4
fij

:3 i
>s i
3 O^J
4 ~2s

> 400
3 o92
3
j30
3 0/J
4 j2j

Q

3 094
707
1 07S
4, U )

3 bOl
71 )
1, 001
1,^51

4,515
871
1,430
2, 215

10. 50

10.50

10.50

322
21 S |
143
2. 30'->

233
120
115
2.30;',

254
64
64
2.310

J

71
9/>
1, 37f
1343

i, 'H7
4 >] I

STONE, CL.AY, AND GLASS PRODUCTS

Common brick, wholesale price, red, N. Y.
dol. per thous..
Face brick (average per plant):
Orders, unfilled, end of m > ..thous. of brick..!
Production (inaehiue)*.
thous. of brick..
Shipments
thous. of brick.,
Stocks, end of
raoathtthous. of brick..;
Sand-lime brick:
Orders, unfilled, end of mo. -thous. of brick..,
Production
thous. of brick. J
Shipments by rail
-thous. of brick. J
Shipments by truck
thous of brick
Stocks, end of month
-.thous. of brick..

I

i

BEICK §
10. 44

9. 88

i
I
10. 50 |

10 50

2">s
71
97
2, :'.is

644 !
33 ;
77 ;
2,532

664 1
57 ;
136
2,483

657 :
101
149 ,
2,461'

621
137
197
2, 450

000
359
54
366
2,012

355
563
126
721
1, 755

705 1
437 !
29
1,006
1, 518

605 1
1,340
60
1, 346
1, 324

1. 650
4, 168
20. 2
2. 952
20, 762
5,936

1.650
5,257
23.0
4,618
21, 422
6,318

.

PORTLAND CEMENT
1.650
Price wholesale, composite
dol. per bbl
Production
thous. of bbL. 3, 053
14.9
Percent of capacity
Shipments
.
thous. of bbL. 2, 952
Stocks, finished, end of month.-.thous. of bbL. 21,918
Stocks, clinker, end of month. .. thous. of bbL. 6, 399

10. 50

10. 50 !

10. 50

10, 50

545 '
158
180 t
2, 380 i

503 !
179 ;
181
2,300

405
131
208
2, 333

425
1.228
44
965
1, 434

155
1,219
45
848
1,351

1.650
8,813
39.8
8,541
21, 600
6, 424

1. 650
8, 144
35.7
7, 898
21,852
6,588

10.50 I

i
'•
i
j
i

1.570
8,554
37.5
8,784
21,301
6,304

10.50

\

'.

i

1.575
6,544
29.6
6,492
21, 557
6,565

i

i

i
<
:
:

'•

o;i!)
35s
172
2, 2v)2

W. ,
2;'»3 '
217 \
2, 217 !

140
1, 164
[•>
I. !:'l
2. 0;) !

175 >

s:,o

920 1
83 I
889
1,877

l.iMl
:.;>2
I . 105
2, 7 1 5

531
1,561

:?.M)

1 . 650
5, 779
26. 2
5, 674
20, 078
6, 213

1.650
4, 447
19.5
3,104
21, 460
6, 137

1.650
3. 202
14.1
2, 846
« 2 1,847
"6,318

!

148
1,137
45
1 , 045
! , 959

1. 650
7,842
34.5
8, 249
21, 424
6,332

1. 650
7, 6SO
34.8
7, 388
21, 734
5, 975

1. 650
6, 675
29.3
8,439
19,972
6,055

1-10
! 99

:i°

1 00
175

o

GLASSWAEE, ETC.
Glass containers: #
3,252
2, S64
2,600
2,920
3,160
3, 134
3,032
2,922
3,117
3,168
2, 935
2, 860
Production
thous. of gross.. 2,639
56 fi
52.6
49. 9
49.2
56. 8
55. 2
53.0
49.2
54 1
55. 1
53 2
52.0
49.3
Percent of capacity
2,
584
3,172
3,132
2,542
2,914
2,
585
3,
136
2,
974
3,080
2,679
3,137
3, 272
2,437
Shipments
thous. of gross..
7,152 j 7,442
7,719
7,622
7,990
7,480
7, 545
7, 483
7, 567
7,872
7,558
7,215
Stocks, end of month
thous. of gross.. 8,010
Illuminating glassware:*
1
j
Orders:
1,522
1, 145 I 1.491
2,184
1,774
1, 553
1, 451
1,423
1,411
1,781
New and contract
number of turns.. 1. 850
1,990
1, 6S1
2, 259
1,794
2,540
2, 456
2,252
1,918
1,858
1,951
2, 205
2,216 • 2,235
Unfilled, end of month.-.number of turns.. 2, 356
2, 305
1.495
4. 453
1, 255
1, 082
1,638
1,763
2, 022
1,844
1,512
1,276
1, 188
1,877
Production
. ...number of turns . 1,774
Shipments:
1,685
1,427
1,413
1, 936
1, 255
1 . 999
1.880
1, 446
1, 105
1, 390
1,427
1,691
1,851
Total.
number of turns..
65. 6
55.1
56.3
73.3
77.9
75. 4
48. 9
55. 6
43. 1
49, 9
72.1
65. 9
55. 6
Percent of full operation ..
4,432
4, 367
4, 615
4, 641
4,431
4,735
4, 610 j 4, 649
4, 475
4, 525
4, 457
4, 4,87
Stocks, end of mouth
number of turns.. 4,624
Plate glass, polished, production t
!
7,441
7, 764
6, 520
7,512
6,587
9,927 i 8,629
13,365
8,390
thous. of sq. ft. J 13.723
7,242 ;
7,450
6, 738
•Revised.
' Discontinued.
* Nj*r series Earlier dita nit published on rubber iieels and soles prior to December 1932,, and on illuminating glassware prior to July 1932 (except production and
percent of cipiaity); for earlier data sea p. 23 of the June 1933 issue, face brick, machine production.
§ Oen^u? Bureau his comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period.
J Adjusted for degrading and year-end physical inventories.
t Revised data for 1933 represent total production for the United States.
# Series on glass contain rs ire not comparable for l')34 m l e irli >r v^irs due to increi-" of nirnb^r of m m n porting fo 44 Shipments of the 44 firms for the year of
1933 amounted to 33,056,705 coiipnel WiHi 23,5U, 9 '3 f ) r Hi M ) u * i ^ i i ) ) r t i n r i year a^o C'n'ip'^'ible -,r iti tie-, on ^hip*ij j t - for the companies, now reporting by years,
from 1928 to date were as follows (in gro> )• 1 )2\ 31,'JiJ or.. 1) a 3 3 7 0 ^ . . m ,, 31,9<J" 933, 19 !1, 1->1,U3,508, 4932. 25,917 94'* M i 19Ji 33,04\747. Data are not available for
this period on production and ^ock\ n j r are nvm^ilv u^are^ on ->hip ar r nU i\.alible It iniy ft note 1 fro n tru» treil of Hi ^ din Mat the monthly figures prior to 1934
had a downward bias. Bisi^ of estimating cipic'ty w \- c'nui,pd in c nput'ng tbe now ^ene^.
• In October 1933 4 new companies wore included in the report and 1 additional company in January 1934, Since that month, the coverage of the industry is 100 percent.
For preceding periods the coverage \ iried but was about 80 pe-jent ' >\ ^rlapning figures are P vailaMe for October 19C*3 ^ee the Oc^obP r 1934 issue for October 1933 data for
the smaller number of firms



SURVEY OF CURRENT BUSINESS

April 1935

Monthly statistics through December 1831, i 1935
together with explanatory footnotes and references to the sources of the data, may be found 1 FebruIn the 1932 Annual Supplement to the Survey | ary

1934
February

March

April 1 May
;

June
j

July
I

i August »- October l^o-m- X1"- J-uary
•

STONE, CLAY, AND GLASS PRODUCTS— Continued
GYPSUM *
Crude (quarterly):
Imports
short tons
Production
short tons
Shipments (uncalcined)
short tons
Calcined (quarterly):
Production
short tons
Calcined products (quarterly):
Shipments:
Board, plaster (and lath),-thous, of sq. ft..
Board wall
thous of sq ft
Cement, Keenes
short tons _
Plasters, neat, wood fiber, sanded, gaging,
finish, etc
short tons
For pottery, terra cotta, plate glass, mixing
plants etc
short tons
Tile, partition
thous. of sq. ft
Orders, new:
Quantity
Value

|

7,989
266 761
85, 747

92, 703
439 953
173, 218

i

88, 408
450, 364
145, 404

101,805
334,318
99, 956

206, 476

325, 958

i

257, 048

234, 735

31,591
7Q 218
4,258

32, 601
44,612
3,501

32, 904
49, 793
2, 86(5

226,405

188, 314

162, 020

29, 437
2,426

24, 681
1,721

23, 985
1,550

19, 339
43 058
2' 514

I
i

149, 420
i
i

24, 063
2,222

TERRA COTTA
-..

short tons
thous. of doL.

934

so

506
39

880
69

902
82

964
83

1,630
122

996
95

1, 382
84

515
50

761
65

6, 989
8. 078
17, 238

9, 564
9,791
17,006

1,090

967
80

9,466 i 8,001
9, 308
8, 220
17,159
16,934

9, 990
8, 588
18,343

539
41

TEXTILE PRODUCTS
CLOTHING
Hosiery:* t
Production .
thous. of dozen pairs. Shipments
thous of dozen pairs
Stocks, end of month thous. of dozen pairs
Men's and boys' garments cut:
Overcoats
thous. of garments
Separate trousers
ttious of garments
Suits
thous of garments
COTTON

9,092
8,242
17, 501

10,471
10, 488
17, 571

9,878
9, 402
18, 134

8,474 ! 6,674
8,458 ! 6,349
18,845
19,164

10, 132
9,611
18, 742

7,838
8,666 i
18,332
;

:

'

|

;

296
520
477
414
547
421
478
477
519
363 !
360
Consumption f
thous. of bales
545
513
Exports:
Quantity, exclusive of linters
454
616
504
4G6
390
550
387
285
459 ;
306
253
thous. of bales. .
628
Value. (See Foreign Trade.)
Ginnings (total crop to end of month)
_
d
J
7,920
9, 030 & 9, 174
4, 958
9, 380
1, 398
thous. of bales..
12, 664
.
i
100
12
8
8
10
8
8
19
12
15
10
11
11
14
Imports^
_ thous. of balesPrices:
.
1
2o
.123
.
123
.131
.124
.
122
.
110
.116
.
123
.131
To producer
dol. per lb..
.117
.117 !
.116
.125
.131
.127
. 126
.127
. 134
! 120
. 123
. 119
. 114
. 123 ;
. 129
Wholesale, middling, N. Y
.dol. perlb..
.123
9, 634
Production crop estimate
thous of bales
2, 283
482
1,498
1, 076
977
374
339
432
527
Receipts into sight^
- thous, of bales
598
522
427
515
Stocks, end of month :f
I
Domestic, total mills and warehouses
10,521
8 673
11,089
10, 15S
10,<MO
!,', 534
7,311 i 6,794
6,905
thous. of bales. _
9,499 ! 8,679
7, 982
10, 293
1,140
1 057
J , !94
1,294
1 , 300
i. 161
1,422
Mills
thous. of bales
1,326 ;
1,228
1 , 081
1,657
1, 651
1, 585
8, 9f4
7
016
9,381
9,
795
9,
C4i
H.
xn
5, 824
Warehouses
thous. of bales
7, 848
7, 094
8, 637
5,985 ! 5.566
6, 560
7,482
7, 903
7, 955
7 210
7, 819
7, 197
7,362
6,950
World visible supply, total
thous. of bales..
9, 284
8,868 1 8,566
7,959
6, 639
5, 505
6, 037
5 225
5, 902
(5, 080
£, 132
4, 532
American cotton
thous. of bales
5,040 ! 4,737
6,516 i 6,093
5, 541
7,025
COTTON MANUFACTURES
|
j
Cotton yarn:
Prices, wholesale:
.312
.304
. 316
. 306
. 309
. 299
22/ls, cones (Boston)
.dol. per lb._
.322
.315
.327 | .320
.301
.298
.308
.464
40/ls, southern, spinning
doL per lb.~
(2)
.480 ! .471
.458
.451 '
.459
.479
(2)
(2)
(2)
(2)
(*)
Cotton goods:
Abrasive cloth. (See Paper Products.)
j
Cotton cloth:
16, 423
15,484
1 0, 857
16,444
Exports§
_
thous. of sq. yd.. 15,848 20, 071 22, 556 23, 791 22, 792 21,223 \ 15,647 14, 456 17,330
2,592
2,512
5,474
3,517
4, 353
4, 616
2,108
Imports*
. thous. of sq. yd._
1,701 i 1,944
5, 426
6, 135
3,817
Prices, wholesale:
.074
.070
. 066
. 007
. OG5
. 068 .
Print cloth, 64 x 60
dol. per yd..
.071
.072
. 070
. 067
.063
.064 1
.067
Sheeting, brown, 4 x 4 (Trion mill)
.082
.081
.078
.077
. 076
.077
.081
.082 |
.080
.076 1
.077
.079
dol. per yd—
.077
Cotton cloth finishing:*
i
Production:
Bleached, plain
thous of yd
132, 678 163, 772 150, 138 1 37, 053 106,741 1 101,015 113,209 111,581 134,386 120, 720 128, 898 M 45, 390
89, 420
87, 992 -107,283
73, 407
87, 679
Dyed, colors
thous. of yd.. PIUS, s «'
73,954 ! 66,472
89, 192 117, 562 104, 689
97, 838
73, 651
6, 693
6, 162
7, 985
6. 114
«<>. 999
5,738
Dyed, black __ _.
thous. of vd
4,885 i 5,686
5, 834
5, 258
6,416
5,916
»VJil
Printed
thous of yd plF, SI 0 104, 920 131, 426 122, 951 114,803 83,414 | 75,833 84, 499 90, 772 126,384 1 14, 139 107, 379 "120,203
Stocks:*
Bleached and dyed
thous. of yd_ L' ,"('., vf3 325,313 327, 040 308, 895 310,471 314,413 ! 310,039 269, 461 266, 886 277, 030 . 298,233 284, 473 288, 804
100, 008
Printed
..thous. of yd..
104, 949
99,614 i 106,388 107, 128 118,034 \ 109,756 ! 101,057 101, 083 108, 830 111,758 107, 585
Spindle activity:!
0 (
' t'~> 1 26, 380
25, 057
22,113
25, 146
25, 051
Active spindles
thousands
24,621 ! 24,418
24, 154
25, 005
26,525 1 26,485
25, 896
7, 510
3, 716
7, 185
0, 027
Active spindle hours, total.. mills, of hours _ _
(i, .V5
6,692
5,241
5,152 ' 5, 753
0, 703
7, 706
7, 259
7,268
244
120
233
217
Average per spindle in place
hours.-,
213
234
;
186
216
195
169 !
167
249
234
102. (i
101.5
72. 6 !
74. 3
102. 7
105. 6
98.0
76.8
54,3
97.1
94. 0
87. 1
Ooerations
uercent of canacitv..! 100. 2
b
« Revised.
As of Dec. 13.
d AS of Jan. 16.
» Preliminary.
* New series. For earlier data on gypsum, see p. 20 of the January 1933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated to
represent 95 percent of the industry. The revised data on hosiery presented in the October 1934 issue are based on a check of the data previously reported, made by the
Code Authority. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry; comparable figures
are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are as reported at end of each 4-week period.
T For revisions for crop years 1931-32, 1932-33, and 1933-34, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, and p. 53 of the October 1934 issue,
respectively.
f For revisions of cotton consumption domestic stocks and spindle activity for the year ended July 1932, see p, 20 of the February 1933 issue, and for cotton consumption domestic stocks and spindle activity for the year ended July 1933, see pp. 52 and 53 of the November 1933 issue. Forrevision of cotton stocks and spindle activity for
year ended July 1934 see p. 52 of the October 1934 issue. Data on hosiery revised by the Code Authority. Revised data for the months of 1933 previously shown in the
Survey, and comparable data on shipments back to 1929 will be shown in a subsequent issue.
§ Data revised for 1932; for revisions, see p. 53 of the June 1933 issue. Data revised for 1933; see p. 20 of the September 1934 issue.
# See footnote on p. 35 of this issue. Data revised for J933; see p. 20 of the October 1934 issue.
• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data for succeeding 4week periods.
> No quotation




54

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of data, may be found in
the 1932 Annual Supplement to the Survey

1935
February

April 1935

1934
F

U

|ry "

March ; April

May

June

July

1935

August

Se m October

Novem- Decem- January
ber
ber

6£ "

TEXTILE PRODUCTS— Continued
|
RAYON AND SILK
!
Rayon:
Imports §#
thous. of lb._
9
84
42
14
Price, wholesale, 150 denier, "A" grade
(N. Y.)
-dol. per lb._
,65
.65
.55 !
.60
Stocks, imported, end of month_thous. of lb_.
477
467
449 1
Silk:
Deliveries (consumption)
bales
41, 732
39,021 44,080 37,392 |
Imports, raw§#
thous. of lb__
6,516
4,279
5,796
4,798 j
Prices wholesale:
Raw, Japanese, 13-15, N. Y...dol. per lb_.
1.432
1. 550
1. 405
1. 318 !
Silk goods, composite
dol, per yd..
.96
1.04
1.04
1.01 !
Stocks, end of month:
World visible supply
.bales..
307,000 287,000 278,000 '••
United States:
At manufacturers
.bales..
22,415 22,640
21,902 !
At warehouses
bales. _ ~~48~727~ 74,607 62,828 61,083 |
Silk manufacturing:
Operations, machine activity:
Spinning spindles:*
All
percent of capacity. .
62.5
59.7
48.6
51.3
5-B —
percent of capacity-52.0
53.2
45.9 ;
50.8
Weaving:
Broad looms f
percent of capacity. .
64.3
62.3
54.7 !
Narrow loomsf
percent of capacity. .
37. 0
36. 6
35. 7 ,:
Silk piece goods:*
Commission mills:
New orders
yards per loom . .
'< 468.0
277.o'
Production
yards per loom__
780.9
614.8
Shipments
yards per loom..
; 766 3
572.0
Stock-carrying mills:
Production
yards per loom..
416. 0
446. 6
344.
9
Shipments
yards per loom..
4 1 2 . 4 ' 415.8
3(JO. 2
Stocks, end of month. ..yards per loom..
831. 0
901. 1
937. 7
Still to come off looms. .yards per loom..
454. 7
430. 3
384. 1
WOOL
Consumption, grease equivalentt-thous. of lb._
34,348 36,119 29,889
Imports, unmanufactured §#
thous. of lb._ 11,964
12,622 16,975
13,567
Operations, machinery activity:*
Combs worsted
percent of capacity. .
65
61
46
89
Looms:
Carpet and rug
.percent of capacity-40 ;
43
39
45
Narrow
percent of capacity, .
31
39
38
40
Wide
percent of capacity-69
66
55
88
Spinning spindles:
Woolen
percent of capacity _.
76
75
70
92
Worsted
percent of capacity. _
48
44
39
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb__
.88
.87
.85
. 69
Raw, Ohio and Penn., fleeces dol. per lb-_
.42
.40
.37
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd—
1.800! 1.763
1.650
1.510
Women's dress goods, French serge, 54" (at
0
factory)
dol. per yd.990
1. 103 - 1.103
1.103
Worsted yarn, 2/32s, crossbred stock Boston
dol. per lb—
1. 35 !
1. 35
1. 35
1.08
Receipts at Boston, total*
thous. of lb—
7,067
5,920 . 4,405
3, 730
2, 380
4,739
3,209
2,872
Domestic
thous. of lb.Foreign*
- ..thous. of lb-_
2,328
2.711
1,533
1 350
Stocks, clean equivalent, end of quarter: *^
Total
thous. of lb._
Domestic
-thous. of lb—
Foreign
thous. of lb_.
Combing
thous. of lb._
—
Clothing
thous. of lb_.
MISCELLANEOUS PRODUCTS
Burlaps and fibers, imports :§#
Burlaps
-thous. of lb._ 49, 447 26,346 : 35,113 30,573
Fibers
long tons_. 20, 271 18,839 23,059
17,861
Buttons and shells:
Buttons:
Imports total §#
thous. of gross
63
72 !
78
54 ;
From the Philippines— .thous. of gross..
44
47
47
35
Fresh- water pearl:
Production
-- .percent of capacity..
50.3
46. 5
62. 7
61. 7
Stocks, end of month
thous. of gross. . 8, 536 " 7 , 3 2 6 ; 7,187
7,327
Shells imports, total §#
thous. of lb._
460
1,862
l.GiS
<U5
4^2
Mother-of-pearl
thous. of lb_.
559 :
657
U'S
yo5
1,291
M-'7
1,1'tTagua nuts imports§#
- thous. of lb
Elastic webbing, shipments
thous. of dol__
9hQ
1,206
iV()
919
1,818
Fur sales by dealers
thous. of dol
3,228
3,310
2,241
Pyroxylin-coated textiles (artificial leather):
2,993
4,210 i 3,811
3,3-16
Orders, unfilled, end of mo -thous. linear yd..
4,444
5, 278 , 5,199
4, (M
Pyroxylin spread
thous. of lb__
3 8 1 2 s -I,,s54
4.02,1
Shipments, billed
thous. of linear yd_. 4,057

|
i
30 |

4

24

27

11

29

25

6

22

.55 !
440 |

.55
372 ;

.55
280

.55
275

.55
276

.55
272

.55
265

.57
264

.60
264

38,740 ! 33,069 32,021
5,176 | 5,037 ' 4,719

36, 247
4,731

32, 599

49, 106

5,387

37, 548
7,219

40, 941

2,566

47, 443
5,278

1.133
.93

1.125
.93

1.185
.93

1.292
.95

1,358
.96

1,348
.96

272,000 285, 000

1. 199 !
.93 ;

1. 284
.90

268,000

259,000

1. 139
.92

21,675 20,430
19,479
61,060 i 59.048 1 66,268

6,846

285, 300

277, 800

275,000

272, 300

258, 500

18, 500
58, 694

20, 010
76, 645

20, 844
66, 479

20,354
76, 502

21, 440
65, 934

17, 630
48,516

44.4
45.8

46.8
45.8

55.0
49.9

342.0
512.3
481.6

425.7
520.0
534.7

325.6
367.6
853.8
393.5

320.9
399.4
787.5
480.9

31.5 i
39. 5 i

40,0 ;
38.9 !

41.5
37.. 2

40.3
37.1

28.0
37.8

43.2
47.4

33.1 !
29. 0 j

46.5 \
25. 6 j

42.9
24. 9

41.7
29.7

25.0
18.7

48.1

247.3 |
434.2
411.7 !

2784!
458.5 i
426 1 !

290.2
409.9
414 8

428.7
462.2
456.4

242.3

449.0

232. 2

550. 8

269. 7 : « 296. 3 ! a° 270. 0

3 5 7 . 7 ' ^ 257. 8 i

890. 3 I
378. 5 \

286. 9

977, 3 i 1, 004. 5
372. 8 | 327. 4

28,213! 26, 213 ! * 27,251
7,453 | 8,003 ; 7,632

248.2

« 292. 0 0 174.7
o 400. 3 "318.5
952.2
818.6
324. 5
320.0
fr

536.5

« 320. 2
« 325. 9
830. 9

387.2

6

28, 495 & 23, 467 *> 34, 065
7,046
8,850
7, 567

44, 858 * 57, 065
4,964
5,074

* 58, 370
8,583

47

40 j

37

38

29

49

82

95

100

42 i
41 l
56 i

4G :
30 |
54 '

33
26
53

35
24
51

30
18
28

34
34
45

23
29
48

28
26
63

36
28
81

OS ;
40

71 !
29

71
31

72
26

45
21

63
35

66
48

71
65

85
74

.76
.31

.76
.30

.76
.28

.76
.28

.76
.27

.76
.26

1.634

1.634

1.460

1.485

1.510

1.510

1.139

1.139

1. 139

1.101

.990

.990

1.21
23, 673
22, 987
687

1.18
14, 829

1. 17
12, 744
12, 033
711

1.11
11,053
10, 687
366

1.10
5, 758

1.10
5,177
4,478
699

.84 ;
.33 i

0.84
0,31

.84
.31

1.63li

1.634

1.634

1. 110 j

1.139

1.139

1. 31 i

1. 28 !

1. 26

;3,877 i 35.315 1 59,972
12,025 ! 33,512 ; 58,962
1,851 : 1,833 j 1,010
:

168 710

a

58 165 !

12!
77

27,093 ! 42,471
21,399 j 15,010
45 !
42 j

31,631
15, 625

77
o2

79
70

23 7

1,842

1,644

2,,'ttS

34. 5
6, 634
1, f.14
526
524
840
2. COU

3, 13'J
3, TO
o ,iJ7

3.224 i
2. 706 1
2,045.

3,323
2.972
2,649

3, 085
3, 654
3, 059

57. 9 ,

7,303
4H
313

638

S^8

40. 0 '

7, 118 1
3HJ
226 '

887

186, 229
162, 233
23, 996
132, 783
53, 446

j

140,754
27.662 1
110,251 !

34,400
17,172

13,942

6,701
3",f>
199

4^

050

7J5

R46

27, 124
10, 978
75 i
70
37. 0 i

4,826

932

164, 115
143 127
20 988
107, 907
56, 208

1

22, 517
9, 044

31,472
10, 881

27, 493
10, 530

27, 196
21, 098

72
58

65
47

28
21

119
103

43. 1

48.4
6,396
442
423
365
823
1,887

41.1

44.8
8,676
811
772
1,119
"956
1, 799

6,432 :

6,296

222 ;
165
667 :
817
2, 220

289
219
853
929
1, 797

3,050 !

2,930

3, 294
3, 031

3, 325
3, 125

2,988
3,257
2,833

6,236
1, 266
130
523
815
1,386

2,787
3,337
3,197

Q

3,036
4,214
3,738

° Revised. » Preliminary. # See footnote on p 35 cl t l '^ I i;--.
Since July 1934 report has been on a weekly basis. Data for SeptvnKr and Dccemb- r, fire for 5 weeks; other months, 4 weeks. Figures for July and succeeding
months are computed from Census Bureau figures so as to repre ^ent lOU per-ent ol the wool iu<ias«ry.
§ Data revised for 1932. For revisions see pp. 53 and 54 of the June i;">3 issue. Data also rnvi-ed for 1933; see p '!0 of the October 1934 issue.
t Compiled by the Silk Code Authority (The National Federation >jf T* utilea. Inc.) arid represent the parentage of operations based on an 80-hour week (2 shifts of 40 hours
each). Data are not comparable with the series previously shown in t'jt v Surrey v hich weit. ba-e'l on a "mailer Cample and computed on the basis of a 48-hour week.
* New series. Silk spindle activity, compiled by Silk Throw-in? Code A u t h o r i t y ; nor eornuar-ible with ^pmmm <! UH rrcviously shown For earlier data on silk piece
goods (stock-carrying mills only), see p. 19 of this issue, excepting fory ,r lac-vo'ilo-in -% O.;' hi- S'I.HMI.,^ p. LTof t h j A u g u s t iv/oi issue. Wool stock series began in June, 1934.
• Beginning with the July 1934 report the statistics are reported on rtie bv-L-i of 4 -tnd 5 v,<oks, th^ \\<^k!y
d m n b u t i r n being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed uorri'-1 (currently b \-cd on t^e ~inyle- y hift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry. No allowance f r l.nlM \ s i i i Jan. 10 H; T ;in. 1035, and Dec. 1934. Conversion will be made for earlier months
(since
effective date of code) at a later date.
A
Foreign receipts for year 1934 are compiled by 17. <S. Department of Agrica<iure and are not comparable with data carried through December 1933. This results in ft
total figure which also is not comparable with earlier data.
1 Compiled by Bureau of the Census and represent stocks of law woe! held 'f y ell dealers, toprnaVr> and mar ufacturers who usually hold significant stocks of wool,
t Grease equivalent of shorn wool, plus actual weight of puli. <i v^cl. C< :i\tx\i-,i^ ; re b ,otvi < n ^ k i > ; sec^u \%oui is multiplied by 2 and pulled wool by 1^- Includes
clothing and carpet wools.
6




April 1935

55

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, j 1935
together with explanatory footnotes and references to the sources of the data, may be found Febra- February
in the 1932 Annual Supplement to the Survey
nary

1935

1934
March \ April

May

Juno

July

:

August

P^ - October November

Se

m

tST January

D

TRANSPORTATION EQUIPMENT
1
AIRPLANES
83
111
120
183
155 i
191
120
205
180
69
97
Production, total
number
47
102
60
57
122
102
105 !
67
81
25
56
Commercial (licensed)
number
21
42
24
65
15
24
35
57
19 i
8
Military (deliveries)
number
26
15
12
24
84
36
31 1
81
18
20
For export
number
18
15
Exports
AUTOMOBILES*
Canada:
0
641
1,929
1,598
3,778
4,205
5, 255
3, 343
3, 950
6,555 : 3,517
3,026
4, 920
Automobiles, assembled
number
4, 858
1,140
367
2,754
« 1, 379
2, 532
3,970
4,692
2, 285
2,930
3,185
Passenger cars
number
4, 342
2,269 | 4,161
United States:
Value. (See Foreign Trade.)
17, 626
15, 552
16, 280 15, 420
24, 887 23. 959
19.827 ' 17,766
14,911 26, 217 27, 205 24, 670
Automobiles, assembled, total§-.number-. 21,827
9,208
8,279
11,035
8,040
12.522 ! 10,236
17,621
8,872
16, 509
18,071
16, 058
Passenger cars§
.number-- 15, 067
16, 141
7,072
7,512
7,141
6, 591
8,612
7,305 ; 7, 530
6, 039
6, 816
6,338
Trucks^
_ number
10, 076
10, 756
6, 760
Financing:
55, 303 43, 789
55, 838
68, 224
87,700 ! 67, 209
45,378 ! 69, 203 87. 998 99, 591 ! 99, 114 95, 485
Retail purchasers, total
thous. of dot
33, 784 24, 761
35, 727
42, 738
58,029 i 43. 250
59, 772 67, 991 1 68.842 ! 65. 093
29,290
46, 428
New cars
.
. thous. of dol—
20, 390
18,016
18, 897
28,401
28,028 I 22, 708 24, 127
29. 763
26, 694
28. 601
Used cars
thous. of dol_.
21,368
15, 198
1,
120
1,012
1,214
1,
360
1,643
1,
252
1,532
1,837
1,871
i
Unclassified
thous. of dol—
890
1,407
1, 791
Wholesale (manufacturers to dealers)
29,
730
45,
363
36,
530
93,
827
123,
691
85,
108
55,
586
102,
776
121,
061
102,
706
:
90,
294
61, 514
thous. of dol—
Fire-extinguishing equipment:!
Shipments:
25
31
40
30
45
39
32
35
25 ;
36 1
20
Motor- vehicle apparatus
number..
22
28
31,219
24, 007
21, 536 <* 25, 169
16,597
22, 183 21, 495 23, 056
28. 915 22,264
Hand-types...
-..number-- 20, 697
17, 956
15. 715
Production:
Automobiles:
1,697
2,732
3,780
9,904
5, 579
10, 607
20, 161
13,905
14, 180
18, 363
11, 114
Canada, total
number
8.571
18.114
1,052
2,334
2,125
8,269
4,211
15,451
16,504
10,810
7,325
Pa^sen^er cars
number
12. 272
8,407
7, 101
78, 465 183, 187
292, 765
United States, total f
number- 340, 544 231,707 331,263 354. 745 331,652 308. Ort5 266, 576 234, 810 168,871 132,491
45,
550
84,
503
127,
944
229, 199
Passenger carst
number.. 278, 150 187, 639 274, 722 289, 030 273, 765 261 , 852 223, 868 183, 500 123,909
07
i
6
0
0
0
115
0
Taxicabs* .
number
16
0
0
32, 909 55,128
46,213 42, 708
63, 566
4-1, 962 47, 988
65,714
57, 887
61,310
44, 041
56, 525
Trucks!
number— 62, 394
578
630
1,869
752
526
1,199
1,262
1, 652
1, 140
1,636
1,016
1, 155
Automobile rims
thous. of rims._
1, 616
Registrations:
a
136, 635
New passenger carsf
number-- r-170, 000 9-1, 887 173, 287 222, 900 219,163 22:1.642 228, 760 193, 828 146,931 140,880 107,648 75,514
28, 689 24, 125
34, 759
33, 894
33, 882 39, 831 34, 778
New commercial cars*
number-24, 476
37, 490 40, 790 37, 225 40, 878
Sales:
General Motors Corporation:
62, 752 41,530
54, 105
To consumers . __
— ...number
95, 253 1 12, 847 101.243 86, 258 71,648 69, 090
68,911 98, 174 106,349
77, 297
61,037 41,594
98, 268
To dealers, total 1
.
number— 121,146 100, 848 153,250 153,954 132,837 146. 881 134, 324 109, 278 71,888 72, 050
39, 048 28, 344
53, 738 50, 514
75, 727
U. S. dealers
number.. 92, 907
82, 222 119,858 121,964 103, 844 118, 789 107, 554 87, 429
Shipments, accessories and parts, total*
79
113
141
92
99
106
99
81
127
115
Jan. 1925 = 100..
106
Accessories, original equipment
66
66
101
112
150
115
95
71
Jan. 1925=100—
130
101
109
85
124
92
107
72
83
110
Accessories to wholesalers Jan. 1925 = 100.73
96
82
101
65
101
123
135
103
139
145
143
134
129
Replacement parts
Jan. 1925 = 100—
126
127
135
118
61
56
65
72
55
Service equipment
Jan. 1925=100—
86
71
67
68
60
59
71
RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
mills, of lb_. 182, 102 191, 580 191, 149 190,079 189, 700 189, 426 188,491 186. 889 186,117 ! 185,497 184, 898 183, 363 « 182,
685
a
1,925
1.994
1, 900
Number, total
thousands. _ 1,892
2,012
1, 985
1,907
2,007
1, 9S9
1, 919
1,971
1. 938 ! 1,932
285, 256
Bad order, total
number.- 277, 451 295, 582 291.081 295, 191 301,368 298. 846 299, 780 293,173 296,418 1 297,546 295, 947 290, 709
15.6
15.2
15.4
15.6
Percent of total in bad order
_.
14. 7
15.0
15.5
15. 3
15.3
14.9
15. 5
15.5 !
14.9
Locomotives, railway:
Owned:
2. ,145
2,271
2,251
« 2, 243
Tractive power
mills, of lb._
2, 361
2..5U
2, 334
2,297
'2, 356
2,310
2,236
2, 285 i 2. 278
Number
number.. 46, 363
49, 86 <
IS1, 5; 3 49, u'.T49, 21 1 48, 587
50. 034
48, 209
47. 782 1 47, 553 47, 329 46, 869 <* 46, 636
11,119
10, 718 10, 344
10, 419
1L 259
11 0°-5
Awaiting classified repairs.. number.. 10, 423
1 ! , OPO 10, 803
10, 771
10,616 1 10. 676
10, 789
2? 5
22. S
Percent of total22.3
22. 5
22.7
22.1
23.0
22. S
22 4
22 6
22.3
22.2 i
52
68
81
Installed
number
46
1
62
80
75
37
40
64
~70
292
291
Retired. number
311
261
144
102
218
224
439
543
337
568
475 ;
Passenger cars:
On railroads (end of quarter)
number
45 842
45, 278
43, 354
Equipment manufacturing:
Freight cars:
522
4
Orders, new, placed by railroads
cars..
24
750
75
360
806
19, 727
517
0
1. 217
4 i1
113
Orders, unfilled, total
cars
6,512
818
8,372
3. 080
5, 019
15, 964 21,011
17,813
13, 755
1, 771
628
427
5, 495
15, 174
399
Equipment manufacturers
__cars._
1,700
10, 000
959
0
12, 516
5, 525
53
9, 607
3. 422 i 1, 795
113
Railroad shops
cars—
4,812 i 5, 964
812
419
575
314
5,019
o, 837 ' 5, 297
2,847
4,148
2, 073 ! 1,285
Shipments, total
cars..
24
25
159
1,788
«0 121
191
768
999
99
1,618
3, 129
4,186
3, 331
Domestic _
cars
21 I
24
159
190
4, 184
115
99
1.616
1,768
748
995
3, 059
3,329
Locomotives, industrial electric (quarterly) :
:
Shipments, total.. _
number
39
70
63
Mining use
... number
70
38
63
87
Locomotives, railway:
Orders, new, placed by railroads. -number1
0
20
3
17
5
!
5 !
69
0
0
3
Orders, unfilled, end of month:
1
i
Equipment manufacturers (Census)
121 !
total..
number102
120
146
136
115
137
133
135
118
127
127
127
142
121
Domestic, total
. number
117
126
122
i1
106 i
125
109
97
116
125
123
Electric
number
56
;
89
96
84
86
59
59
101
85
60
61
!
88
56
54
13
Steam
number i
65
50
36
31
59 i
20
31
67
61
13
1
Railroad shops (A. R. A.)
number-- !
1
1
1
0
20
0 |
0
0
0
0
0
0
Shipments:
1
12
Domestic, total
number..
0
2
11 ;
16
21
13
0
31
6
1
Electric
number-12
2
2
0
3
6
0
0
0
31
Steam
number i
2
7
0
0
0
0
10
9 ;
16
18
6
0
0
Exports, totalf _
number
10
14
7
4
9
6
12
17
8!
6
28
8
Electric. ..
. _
_ number i
4
4
7
11
14
7
8i
3
6
7
10
3
17
Steam. ._
number-1
1
3
11
1
3
4
1
3
0
3
2
0
Passenger cars:
0
Orders, new, placed by railroads. number-0
58 !
177
47
0
2
0
0
0
0
0
75
Orders, unfilled (end of quarter) number
193
92
182
118
2
41 :
2
Shipments, total—
. number
10
0 1
56
44
41
0
0
0
5
38
41 !
2
Domesticnumber..
10
2
0 i
0
0
0
56
5
38
29
41
• Revised.
» Preliminary.
• New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars.
t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 1932 exports
locomotives. Data on automobiles revised for 1933. See p. 55 of the August 1934 issue.
t Index of sales of new passenger cars is shown on p. 26 of this issue.
5 Data revised for 1932. See p. 54 of the June 1933 issue. Data revised for 1933. See p. 20 of the September 1934 issue

• Taxicabs are included in figures for passenger cars, beginning January 1935 in order to avoid disclosure of individual companies.
http://fraser.stlouisfed.org/
f United States and Canadian dealers, plus overseas shipment.

Federal Reserve Bank of St. Louis

:

40

1

56

SURVEY OF CURREN T BIJSIN ESS

Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Februin the 1932 Annual Supplement to the Survey ary

April 1935

1934
F

£™- j March

April

May

1935

Decem- January
July ; August | ^. " October ^oveinber
ber
Se

June

m

]

TRANSPORTATION EQUIPMENT— Continued
ELECTRIC TRUCKS AND TRACTORS
Shipments, industrial, total
. .number..
Domestic
. number..!
Exports
number..
SHIPBUILDING
United States:
Merchant vessels:
Under construction.. -thous. of gross tons..
Completed during month. total gross tons..:
Steel ..
- ..
.total gross tons J
World (quarterly):
Launched:
1
Number. .
ships .
Tonnage
thous. of gross tons '
Under construction:
\
Number
ships
Tonnage
thous. of gross tons..

I
!

58
57
1

52
49
3

36
4, 483
3,740

43
2,976
1,437

70
64
6

42 ;
5,314
2,085
55
86
269
1,079

72
71
1

63 j
60
3 j

65 1
64 !

29
27
2

38
37

39
36
3

45
43
2

24
23
1

50
45
5

42
42
0

48
12,904
8,101

46 i
11,958 1
9,843 I

38 i
7, 535
3,256 ;

35
10, 970
7,877

33
5,156
2,907

32
49, 975
1,601

33
2,441
1, 555

49
2, 370
858

50
2,430
447

38
3,103
2,097

i!
1

99
145

'•

___!

!

288 l
1,216 ;

129
307

284

296
1,311

971
1,252

124

CANADIAN STATISTIC S
Business indexes:*
i
86.4
93.1
92.6
95.7
Physical volume of business
1926=100.. 100. 6
99.6
99.0
95.9
96.5
92.4
97.1
"97.5
95.8
95.2
91.4
Industrial production, total
1926= 100.. i 101. 1
84.0
92.0
99.9
95. 6
99.8
97.5
95.3
97.0
«97.8
91.0
36.2
25.7
34.1
28.9
35.1
40.7
41.3
38.1
43.
1
35.
5
31.2
«73.4
Construction!
1926=100
76.9
176.7
185.7
162.7
Electric power
- . .1926=100 J 188. 9
176.0
188.5
180. 6
184.8
170.4
168. 9
181.4
188.8
189.7
Q5 2
100.2
99. 5
83.2
87.7
98.7
99.0
96. 0
Manufacturing1926= 100. J!
88.8 '
100.7
94.8
88.9
91.8
100.1
93.8
100.3
94.2
103.6
98.4
100.3
110.3
95.7
Forestry
1926=100 : 143. 5
96.7
96.7
104. 1
160.2
92 5
127.3
117.2
132.9
149.0
146.3
135.7
143.5
137.5
* 140. 4
Miningf
1926= 100...
117.0
121.8
96.2
96.0
95.2
98.5
96.2
96.3
97.5
97.2
Distribution .
1926=100-.!
93.1
96.7
97.1
96. 1
99.4
76.0
72. 3
67.0
74.3
73.4
65.9
Carloadings
1926 = 100 _ ;
71.4
75.6
74.9
68.7
75.8
65.7
78.3
82.8
73.0
69.6
85.3
60.6
70.1
63.7
79,6
77.1
77.3
76.7
61.6
Exports (volume)
1926=100..
79.2
73.5
64.7
69.3
73.1
72.2
78.2
85.3
71.3
70.0
64.0
82.8
72.6
Imports (volume)
1926=100..
70.7
a
117.2
119.8
116.3
119.2
119.6
118.0
118.0
118.9
117.8
119.5
Trade employment
1926=100 _> 120.7
119.3 «123.8
127.
7
56.9
97.2
61.2
30.6
63.8
130.6
51.2
36.
0
148.8
172.8
Agricultural marketing,
1926= 100. J
67.1
62 2
139.0
99.6
58.7
49.3
164.0
57.9
19.3
140. 1 i
195.8
29.0
Grain marketings
1926= 100.. i
46. 3
61.1
55. 2
76.7
94.0
86.4
90.6
86.7
80. 5
72.8
87.8 1
70.0
75.7
67.3
81.5
Livestock marketings
1926=100..
93 4
Commodity prices:
'
79.0
79.4
79.9
79.4
78.2
78.4
78.9
78.7
79.3
78.5 j
78.7
79.0
Cost of living indexc?
...1926=100..
79 1
72.1
72.0 ; 71.1 71.1 72.1 72.0 72.3 72.0 71.4 71.2 71.2
71.5
Wholesale price index#
1926=100 ;
72.0
92.0
1
98.8
100.2
96.6
99.9
94.4
91.4
92,7
91.3
100.0
Employment, total (first of month)- 1926 =100..;
101. 0
98.9
94.6
118.1
111.0
100. 8
116.7
129.0
87.9
98.0
95.8
95.8
140. 6
117.0
100.3
Construction and maintenance
1926 = 100. . 87.2
94.3
93.2
94.2
87.4
84.2
86.5
90.2
94.4
92.8
88. 1
93.8
91.3
Manufacturing
.1926=100..;
90.1
112.4
121.2
106.2
119.1
109.4
108.9
103.3
117.9
103. 6
107. 0
110.3
122.9
Mining ..
1926=100..; 120.3
125.5
114.9
115.2
115.4
123.0
116.2
109.3
115.2
108.7
111.8
111.7
119.7
Service
1926=100..! 111.9
117.1
116.1
116.5
130.6
112.5
115.6
119. 1
120.0
121.3
111.6
116. 5
126.0
Trade
1926=100.. 116.6
83.6
76.2
78.5
83.9
76.2
80.3
83.6
84.8
80.1
78.0
75.9
82.6
Transportation
-- .1926 = 100..
76. 2
Finance:
Banking:
2, 581
2,534
2,682
3,129
2,602
3,092
2,489
2,536
2,089
2,767
3.410
3,040
Bank debits
....mills, of dol— ! 2,089
82.0
85.4
76.2
84.8
83.1
82.3
82.9
81.0
96.0
90.1
87.7
76.2
Interest rates
1928=100 J
78.3
113
132
115
122
107
140
141
103
130
124
140
119
Commercial failures*
number-Security issues and prices:
16, 945 271, 065
3,634
9, 514 • • 51, 762 "51968
35, 363
26, 059
31, 964 « 76, 972
5, 248
48, 883
New bond issues, total
thous. of dol— 25, 495
3, 210
685
1, 205
2,200
450
0
380
16, 280 « 6, 602
"765 « 2, 231
8,100
Corporation
thous. of dol— 5, 100
9,634 270, 000
33, 730
52, 150
0
0
3, 000
22, 700
15, 000
57, 707
50. 000
18, 878
Dominion and provincial. -thous. of dol— 19, 100
4,101
684
428
634
664
7,314
587
4, 563
2, 979
615
1,405
997
Municipal
thous. of dol—
1 295
0
0
0
0
0
0
0
20, 500
0
0
0
12, 000
Railways
thous. of dol—
0
3. 93
3.94
3.65
4.32
4.09
3.88
4.08
3.65
4.60
4.20
3.98
3.97
Bond yields
.percent-3 75
83.8
88.6
87.2
86.0
88.0
81.3
83,8
85.2
86.2
86.5
90.7
88. 8
Common stock prices, total t
1928=100..
87.8
74.9
75.2
80.1
76.9
73.6
76.1
78.3
76.1
73.1
79.0
76.7
72.7
Banks
1926=100..
79 9
118,8
129.7
125. 3
128.5
128.0
126. 1
125. 6
133.0
116.6
120.1
122.0
123.8
Industrials
1926=100.. 128.8
50.1
50.4
51.2
40. 5
49.0
47.5
54.5
50.6
58.0
58.8
58.1
56.7
Utilities
1926 =100. . 49.4
Foreign trade:
44, 374
Exports
thous. of dol— 47, 677 38, 365 58, 364 32, 047 58, 543 58, 643 56, 787 55, 837 58, 815 68, 313 G5, 677 61,395
37, 229
Imports-.
..thous. of dol.. 37, 044 33, 592 47, 519 34, 815 52, 887 46, 186 44, 145 43, 507 42, 208 47, 229 49, 884 39, 108
Exports, volume:
Automobiles. (See Transportation Equip.)
Newsprint. (See Paper.)
17, 588
5, 380
14, 710
12, 979
18, 770
6,513
10, 103
3,568
19, 024
18, 426
21, 808
17, 336
Wheat
thous. of bu__ 7,207
369
346
412
504
341
482
441
341
486
493
408
328
Wheat
flour
thous. of bbl._
310
Railway statistics:
212
211
182
194
205
243
164
189
193
177
188
Carloadings
.. thous. of cars. _
180
Financial results:
27,
605
25,
702
24, 436
29, 151
24, 778
23, 395
26, 069
25, 206 1 25, 201
20, 627
24, 657
Operating revenues
thous. of dol_.
21, 688
19, 902
21,240
20,763
22, 066
22, 947
19,916
19, 488
21, 453
20, 630
19, 601
Operating expenses
thous. of dol_.
4, 998
2,114
4,797
3, 629
3,814
6,746
2, 976
2,839
2,636
1, 180
Operating income
..
thous. of dol.«
Operating results:
2,366
2,561
1,721
2,
226
1,739
1,879
1,629
1,988
1,869
1, 751
I, 873
Freight carried 1 mile
mills, of tons..
134
94
169
136
183
106
103
150
98 |
127
103
Passengers carried 1 mile mills, of pass..
Commodity statistics:
Production:
i
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
2,013
1,853 a 1, 954 « 2, 053
1,709
1,621 0 1, 677 « 1,627
mills, of kw.-hr._
1,803 « 1, 614 i -1,797 ° 1, 698 "1,831
43
44
42
42
39
37
47
12
12
27
37 :
38
Pig iron..
thous. of long tons..
37
Steel ingots and castings
57
60
64
57
59
58
64
73
67
70
thous. of long tons..
58
71
56
Livestock, inspected slaughter:
117
96
86
130
111
148
84
133
118
107
119
106
Cattle and calves..... thous. of animals.,
83
282
179
294
289
169 i
230
252
223
259
267
178
263
Swine
thous. of animals
255
113
40
192
95
47
97
32
75
36
34
56
38
Sheep and lambs
thous. of animals-.
37
Newsprint. (See Paper.)
Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)
1,025
1,383
1,654
1,704 1
969
1, 175
1,127
1, 073
1, 282
1,102 i
1, 064
1,089
Wheat
flour
thous. of bbl—
d
• Revised.
Deficit.
* New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.
f Revised series. See p. 55 of the April 1934 issue, construction, and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue.
# Number of commodities changed from 502 to 567 beginning with month of January 1934.
c? Data revised from January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 of the October 1934
issue.
NOTE.—The following footnote applies to the section on "Wood Pulp" shown on p. 50. Data for January 1934: Consumption and shipments, total, 344,661, ground wood,
92,982, sulphate 104,833, sulphite, total, 114,195, bleached, 64,355, unbleached, 49,840, soda, 24,605, damaged, off-quality and miscellaneous, 8,046; production, all grades, 348,332,
groundwood, 94,916, sulphate, 104, 375, sulphite, total, 115,655, bleached, 65,633, unbleached, 50,022, soda, 24,208, damaged, off-quality and miscellaneous, 9,178; stocks, total,
86,963, groundwood, 37,381, sulphate, 5,296. sulphite, total, 35,373, bleached, 22,718, unbleanched, 12,655, soda, 4,879, damaged, off-quality and miscellaneous, 4,034.


57

SURVEY OF CURRENT BUSINESS

April 1935

Monthly Average of Time Series 1932,
1933, and 1934
INCE the lack of printing funds has prevented the publication of the annual supplement to the SURVEY
since 1932, monthly averages of the series have not been available later than for the year 1931. In response
S
to the demand from users of the statistics for the publication of these data, this supplement has been prepared.
It presents annual averages for the past 3 years.

In using these statistics do not overlook the footnotes on pages

W 10
in, OO.
hft
&<Q

In view of the large number of changes in the series since the last annual was issued it has been necessary
to distinguish between those figures which represent a continuation of data in the 1932 annual supplement and
those which do not. In the following pages the roman type figures are used where the figures are a continuation
of the data in the annual supplement. The figures in italics are new or revised series. For earlier published
figures on these latter series, consult the footnotes on pages 22 to 56, inclusive.
It is expected that funds will be available to publish the 1936 annual supplement which will permit a more
orderly handling of the statistical data.
1932

ITEM

1934

1933

ITEM

BUSINESS INDEXES

1923-25 = 100 1923-25= 100. .
1923-25 = 100
1923-25-100
1923-25=100,.
1923-25 — 100
1923-25=100..
1923-25 = 100
1923-25=100
1923-25- 100. .
1923-25=100
1923-25=100
1923-25 = 100
1923-25=100
1923-25 = 100. .
1923-25=100
1923-25=100..
1023-25=100
1923-25 = 100
1923-25=100..
1923-25 = 100
1923-25 = 100
1923-25-100

95.8
57 5
49.3
78.1
85 6
39.2
24 8
84 4
29.0
70 3
86 2

71 8
47.1
107.9
58 9
39 3
98.4
88 4
50 7
38 0
70 3
49.8
97 6
54 9

74 8
66.9
110.1
62 9
48 4

64
63
35
51
87
53
31

76
75
48
42
92
91
53

79
78
70
52
99
94

9i
50
44
65
52
75
59

2
3
2
2
7
3
6

85

25
91
140
78
91
83
111
71
62
59
7
45
107
37
38

97

32

145
88
48
97
116
81
61
64
42
49
123
33
58

59
100

32

151
92
50
85
128
86
71
68
43
57
123
42
66




84
84
104
74
94
IS 4
84
106
85
61
81

42.6
44.5
39 5
49.9
60.2
41.2
56.6

89
91
110
80
100
168
87
109
79
69
81

93
103
90
91
115
71
78
78
55
87

48 2
51 6
53 1

54 5
58 0
69 4

50.0
59.7
42.2
52.8

Domestic stocks
1923-25—100
Manufactured goods
1923-25=100 .
Chemicals and allied prod.. .1923-25 =100..
Food products
1923-25 — 100
Forest products
1923-25—100
Iron and steel products
1923-25 = 100
Leather
1923-25-100
Metals, nonferrous
1923-25—100
Paper newsprint
1923-25—100
Rubber products
1923-25—100
Stone, clay, and glass
1923-25—100
Textiles
1923-25 — 100
Raw materials
1923-25—100
Chemicals and allied prod. ..1923-25 = 100..
Foodstuffs
1923-25=100
Metals
1923-25=100
Textile materials
1923-25 — 100
World stocks— Foodstuffs and raw materials:
Total
1923 25—100
Coffee adi for seasonal
1923 25 — 100
Cotton— adj. for seasonal
1923-25= 100. .
Rubber adi for seasonal
1923 25 — 100
Silk—
adj.
for
seasonal
1923-25=100..
Suaar adj for seasonal
1923 25—100
Tea— adj for seasonal
1923 25—100
Tin — unadjusted
1923-25 — 100
Wheat adj for seasonal
1923 25—100

148
104
125
84
99
94
84
199
127
86
171
82
180
105
182
126
241

148
103
116
95
106
93
82
178
81
84
158
120
182
107
193
99
235

149
109
120
96
117
97
80
155
81
112
158
142
180
105
177
106
225

269

260

248

466
237
331
218
316

351
234

338

223

362
207
359
244

313

299

154
174
219

157
84
210

77.7
66 5
69 9
86.9
72 4
92 7

74 8
67 6
68 1
85.2
63 8
90 5

79.4
77 5
75 9
86.9
64 8
92 4

65
82
47
83
82
63
102
67

70
75
64
82
74
62
60
105
83

90
89
99
96
100
93
68
104
107

174
102

164
100

164
111

75 8

77 5

88 3

80.9
77 4
77 1
76.5
72.7

O%. 1

os) 7

93.7
87 8
90 1
88.3
85.7

129
235
218

COMMODITY PRICES
COST OF LIVING (N 1. C. B.}
Total, all groups
Clothing
Food
Fuel and light.
Housing
Sundries

_

..1923=100..
1923—100
1923-100
1923=100..
1923—100
1923—100

FARM PRICES (Dept. of Agriculture)

MARKETINGS
Agricultural products (quantity) .1923-25 =100. _
Animal products _ _ _
1923-25 = 100. _
Dairy products
1923-25=100
Livestock
1923-25=100..
Poultry and eggs _
1923-25-100
Wool
. .
1923-25-100
Crops
1923-25 = 100..
Cotton
.
_
. 1923-25-100
Fruits
1923-25 = 100..
Grains
1923-25 — 100
Vegetables
1923-25 — 1 00
Agricultural products, cash income received
from marketings of:
Crops and livestock:
Unadjusted
. 1924-29-100
Adjusted
... 1924-29 = 100
Crops, adjusted
1924-29-100
Livestock and products, adjusted
1924-29-100
Dairy products, adjusted
1924-25=100.Meat animals, adjusted
1924-29 = 100..
Poultry and eggs, adjusted. _ 1924-29 =100..
]
See footnote on this section shown on p. 23.

1934

STOCKS
64 2
34.0

INDUSTRIAL PRODUCTION (F. R. B.)
Total, unadjusted
Manufactures, unadjusted
Automobiles
Cement
Food products
Glass plate
Iron and steel
Leather and shoes
..
Lumber
Paper and printing.
Petroleum refining
_ Rubber tires and tubes
Shipbuilding
Textiles
Tobacco manufacturesMinerals, unadjusted
Anthracite
Bituminous coal
Iron ore shipmentsLead
Petroleum, crude
Silver
Zinc

1933

BUSINESS INDEXES— Continued

BUSINESS ACTIVITY (Annalist)
Combined index
normal— 100
Automoble production
normal = lGO .
Boot and shoe production
normal =100. Carloadings freight
normal =100
Cement production _ __ _ normal=100
Cotton consumption ...
normal=100
Electric power production
normal— 100
Lumber production
-_ - normal=10Q
Pig-iron production
normal— 100
Silk consumption
normal =100
Steel ingot production
normal =100
Wool consumption
normal — 100
Zinc production
- - normal =100

1933

56 6
67.0
50.0
55.6

Total, all groups
.
Chickens and eggs
Cotton and cottonseed ..
Dairy products
Fruits.
.
Grains
Meat animals
Truck crops
Miscellaneous

1909-14=100
1909-14=100..
1909-14=100
1909-14—100
1909-14 = 100
1909 14—100
1909 14—100
1909-14= 100. .
1909 14—100

44

RETAIL PRICES
Department of Labor indexes:
Coal—
.
1913—100
Food 1— ._
1913=100
Fairchild's index*
Combined index
Dec 1930—100
Apparel'
Infants' wear.
Dec. 1930=100..
Men's
Dec 1930—100
Women's
Dec. 1930—100
Home furnishings
Dec. 1930=100..
Piece
ffoods
Dec. 1930=100..

77 1
79 9
77.3
7 A.I

58

SURVEY OF CURRENT BUSINESS
ITEM

1932

1933

1934

BUSINESS INDEXES— Continued

April 1935

ITEM

1932

1933

1934

CONSTRUCTION AND REAL
ESTATE—Contin ued

WHOLESALE PRICES
Department of Labor index:
Combined index (784)____________1926 = 100, _
Economic classes:
Finished products ____________ 1926 = 100_ _
Raw materials________________1926=100..
Semimanufactures____________1926 = 100_ .
Farm products_________________1926 = 100.Grains________________________1926 = 100..
Livestock and poultry________1926= 100 _ _
Foods__________________________1926 = 100-Dairy products_______________1926=100.Fruits arid vegetables_________1926= 100- _
Meats________________________1926 = 100-Other products__________________1926= 100..
Building materials____________1926 = 100-Brick and tile______________1926=100-Cement_____________________1926 = 100..
Lumber____________________1926 = 100-Chemicals and drugs_________1926 = 100..
Chemicals__________________1926 = 100-Drugs and Pharmaceuticals. 1926 = 100..
Fertilizer materials _________ 1926 = 100 _ _
Fuel and lighting_____________1926 = 100. _
Electricity__________________1926 = 100.,
Gas_________________________1926 = 100.Petroleum products_________1926=100-.
Hides and leather_____________1926=100..
Boots and shoes____________1926=100..
Hides and skins____________1926=100-.
Leather____________________1926 = 100..
House-furnishing goods_______1926 = 100_ Furniture___________________1926 = 100-.
Furnishings________________1926 = 100,.
Metals and metal products. _ .1926= 100Iron and steel_______________1926=100-.
Metals, nonferrous__________1926 = 100__
Plumbing and heating equipment_____________________1926 = 100__
Textile products______________1926=100.Clothing_____________________1926=100-.
Cotton goods_______________1926 = 100-.
Knit goods_________________1926 = 100..
Silk and rayon______________1926=100..
Woolens and worsted_______1926 = 100-.
Miscellaneous________________1926= 100- .
Auto tires and tubes________1926=100..
Paper and pulp____________1926 = 100..
Other wholesale price indexes:
Bradstreet's (96)_________________1926 = 100..
Dun's (300) _ _ ' _ - _ _________________1926 = 100..
World prices, foodstuffs and raw materials:
Combined index_______________1923-25=100..
Coffee
____________
1923-25=100..
Copper _________________ 1923-25 = 100..
Cotton
- _____ 1923-25=100..
Kubber______________________1923-25 = 100-.
Silk
... 1923-25 = 100—
Sus:arY_-_____________________1923-25 = 100.. [
Tea
- _______ 1923-25 = 100--!

HIGHWAY CONSTRUCTION
64.8

65.9

74.9
78.2
68.6
72.8
65.3
74.5
51.5
70.5

70.3
55.1
59.3
48.2
39.4
48.2
61.0
61.3
58.0
58. 2
70.2
71.4
77.3
77. 2
58.5
73.5
79.5
57.7
66.9
70.3
104.7
101.3
45.4
72.9
86.1
42.1
65.1
75. 1
75.0
75.4
80.2
79.4
49.8

Concrete pavement contract awards:
Total
thous. of sq. yd..
Roads only
thous. of sq. yd—
Highways:
Approved for construction (N. J. R. A.):
Mileage
number of miles..
Public works funds allotted-thous. of doL.
Under construction (AT. /. R. A.):
Estimated total cost
thous. of dol—
Public works funds allotted-thous. of doL.
Federal aid funds a]lotted-.-thous. of doL.
Mileage
number of miles-.

8,069
7,199

3,761
3,095

3,759

2,517

2 5, 038
2 79,392
2 105,311
2 97, 700
23J18
2 6, 883

CONSTRUCTION COSTS
Building costs—all types (American Appraisal
Co.)
- - 1
1913=100-.
Building costs—all types (A. G. C.).1913 = 100..
Building costs—all types (E. N. f?.)__1913 = 100_.
Building costs—factory (Aberthaw). 1914 = 100-

146

157

151
171
157.0
3
168

163
170. 2
3 170

178
198.1
3
177

36, 845
17,568

26, 408
17,417

22, 971
16,116

MISCELLANEOUS DATA
Fire losses, United States
thous. of dol_.
Foreclosures
number,.
Real estate:
Home loan bank, loons outstanding
thous. of dol_.
Market activity
each month 1926 = 100-.

88, 498
49.5

54.5

DOMESTIC TRADE
ADVERTISING

67.1
64. 8
72.2
71.2
58 9
30.6
69. 3
62. 5
42. 1
76.6
62. 1
78. 1

Radio broadcasting:
Cost of facilities, total
Automotive
Building materials
Clothing and dry goods.
Confectionery
Drugs and toilet goods..
Financial
Foods
79 7
House furnishings
69.7
Machinery
44.9 j
Paints and Inuhvare
827
Pet i oleum products
71 8 I
Ka ho
hhoes
ind leathei soods
s
oaps md housekeepers'

thous
thous.
thous
thous.
thous.
thous
thous

of
of
of
of
of
of
of

dol_
dol_
doL
doL
dol.
dol.
dol.

Sponing goods
Matio T iei\ and puhli^iei
Tobio o m m u f u t u i e i s
Mi^celliue< u^
imzuie uhe'ti-ana
C ost tot il
^ utou ome
Bu Idiri^. n iteinls
( lo 4hi tit, c>nd di\ -.oo( s
C< 1 e c lonen

PURCHASING POWER OF THE
DOLLAR

3,551
314
17
28
96
1,168
51
976
35

3,259
162
2
33
136
711
104
941
21
55
36
192
14
33

63
520
135
9, 612
977
226
224
216
2. 200

f 42
109
CONSTRUCTION AND RKAL
K&TATK
CONST fit CT7O^T CONTRACTS

"0_

F W. Do !_e C j"isolation ( .7 M M ^ >
Total, ail t y p s

!
1

Valua'i'm- — - ___________ t h o j - - d u o Xoniesi<!HK L i si n u i H ' - i g .
Piojcct^_ _ _ _ _________________;vi. i l i r . .
Floor pace ______ ______ fiiHi- "f L 1'.
Yaluation. ____ ._______thou^ of <ld _ i
Public' ut ihfie
Projects_________________________nun J v^
Vnluauon_ _____ __________ *~boi of dol
Public \\oik-s
Pioiects ____ ^ _______________ n u n i b a - Valaiti'm._ _ _ _ _ _.-. _ _ _ _ _ tl ou>. ( > r d ' > l _ _
Residential bujMru,
Pioie-is______________________n u1 i i l r' t i Floor spire______________t h o u - o f - ) " _ - ,
Valuation- ________________ th ( u- of .!(/! '
Engineering C >^miuion
>
Total coiitiactb a\\ aided (E X P }
,
113, 3s3
101,609 i
89,031 i
thou, o f d o l . J
2 4-month average, September-December.




GOODS IN WAREHOUSES
66. 3

NEW

INCORPORATIONS

i
I
Business incorporations (4 States)
number..|
3 Average of quarterly figures.

2,803

2, 214

SURVEY OF CURRENT BUSINESS

April 1935
ITEM

1933

ITEM

1934

1933

DOMESTIC TRADE— Continued

* 312, 684

3,389
32, 220

3,330
34, 973

3,618
34, 265

9,220
75, 084
3,341

9,890
91, 399
2,589

11,187
91, 809
2,543

25, 356
2,895

4 24, 141
4 2, 724

35.5

43.3

Factory, unadjusted— Continued.
Iron and steel and products
1923-25 = 100-.
Blast furnaces and steel works
1923-25=100-Structural and metal work. .1923-25= 100Tin cans, etc
1923-25-100
Leather and products
. 1923-25 = 100
Boots and shoes
1923-25 = 100
Leather
1923-25 = 100
Lumber and products
1923-25—100
Furniture
1923-25 = 100
Millwork.
1923-25 = 100
Sawmills
1923-25 = 100
Turpentine and rosin
1923-25 = 100-.
Machinery
1923-25—100
Agricultural implements
1923-25 = 100 —
Electrical machinery, etc
1923-25 = 100.Foundry and machine-shop products
1923-25 = 100.Radios and phonographs
1923-25 = 100-Metals, nonferrous
1923-25=100
Aluminum manufactures
1923-25= 100- _
Brass, bronze, copper prod _ _ 1923-25 = 100—
Stamped and enamel ware— 1923-25= 100. _
Paper and printing
1923-25—100
Paper and pulp
.
1923-25 = 100
Railroad repair shops
1923-25—100
Electric railroad
1923-25 — 100
Steam railroad
1923-25= 100..
Rubber products1923-25-100Rubber tires and tubes
1923-25=100..
Stone, clay, and glass products. 1923-25 = 100..
Brick, tile, and terra cotta... 1923-25 = 100. _
Cement .
.
1923-25 = 100
Glass
1923-25-100..
Textiles and products
1923-25=100
Fabrics
1923-25=100
Wearing apparel
1923-25 = 100-.
Tobacco manufactures
1923-25 = 100.
Tianspoitation equipment
192 3-25 = 100. _
Automobiles
1923-25—100
Cars, electiic and steam
1023-25 = 100..
Shipbuilding
1923-25—100
Factoi}, b\ cities and States
Cities
Baltimore
1929-31 = 100Chicauo
1925-27=100..
CleveJand
1923-25=100..
Detroit
1923-25 — 100
Mih\dikoe
1925-27-100
New York
1925-27=100..
Philadelphia
1923-25 = 100..
Fit tsbureh
1923-25 = 100_ State
Delaware.
1923-25=100Illinois
-- 1925-27=100
Iowa
1923=100

RETAIL TRADE
Automobiles:
New passenger car sales:
Unadjusted
_ _ 1929-31 = 100Chain store sales:
Chain Store Age index:
Combined index (18 companies)
av. same month 1929-31 = 100—
Apparel index (3 companies)
av. same month 1 929-3 1 = 100 _ _
Grocery (5 companies)
av. same month 1929-31 = 100. .
Five-and-ten (variety) stores:
Unadjusted
1929-31 = 100II. L. Green Co., Inc.:
Spies
thous of dol
Stores operated
number
S. S. Kresge Co.:
Sales
thous. of dol..
S tores operated
number
S. II. Kress & Co.:
Sales
thous of dol
McCrory Stores Corp.:
Sales
thous of dol
Stores operated
number
G. C. Murphy Co.:
Sales
thous. of dol—
Stores operated
number
F. W. Woolworth Co.:
Sales
thous. of dol..
Stores operated
- number
Restaurant chains (3 companies):
Sales
thous. of dol
Stores operated
number .
Other chains:
AV. T. Grant & Co.:
Sales
thous of dol
Stores operated
-number
J. C. Penney Co.:
Sides
thous. of doL
St ores open! ed
number
Department stores:
Collections:
Installment account
percent of accounts receivable.
Open account
1 ercent of acc( irn^s receh able S lies, total val'ie, unadjusted- .1923- 2."- = 1C 0. \thnta
1923-25 = 100
Boston
1923-25 = 100-

F icl'inond
^i

92

83
82

81

97

81

78

84

82.5

90.4

5 2, 315
134

2,241
130

10, 368
723

10, 478
721

11, 452
731

5,231
230

5,418
230

6,305
232

3,306
242

2,852
209

2,877
194

1,541
176

1,820
180

2,330
186

20, 824
1, 932

20, 876
1, 936

22, 557
1,954

3, 667
382

3,241
374

3,497
367

6, 109
445

6,472
457

7, 066
465

12, 939
1, 476

14. 898
1, 466

17, 670
1, 171

80.8

69
70
71

65
60
65
64
70
76
60

1923-2"—
1(1
19' ;( )— 10(
_ . li,?-.-27 = H'.(
l ( f°3-''"
— 101
0
1
1 Q' ''

f

57.6

15.5

--- 1<»23-25 = 10(-

-

1933

1934

EMPLOYMENT— Continued

3

Air mail mile performance thous of pounds
Money orders:
Domestic, issued (50 cities):
Number
thousands
Value
- -thous. of dol.
Domestic, paid (50 cities):
Number
thousands _
Value
thous. of dol—
Foreign issued — value
-thous. of dol _
Keceipts, postal:
50 selected cities
thous. of dol _
50 industrial cities.
thous. of dol..

Kans \s Citv
Minreapnlis
N e w Yoik

1932

EMPLOYMENT CONDITIONS
AND WAGES— Continued

POSTAL BUSINESS

Cle\eiMid-. -

59

si

63

" — 1 s(

.- .- . .1^23-2:. = J ( i ' Siin Fr:iii(N«. _.
f i i s t t i l l n . e n t s U ' , > e \ \ I r.ulard dt-},
r no t o iot;.l s >s _ .
1o( i s, \ 'ilue, ei d of ir( n t h :

37. 1
67

>S 0

68
65

(-9

64
62
66
63
66

™
/9
7*

58

JMai\'iapd -."..""---.. 11)21M1- 100Nc\\ Jeise\
U*23-2^1U)_-

1C 6

Ohio

V ivop-mV
— "".--" . 1 M2 1-27 =100. > o / <i ,n i Vir ^ (J) j t it L ',r> ^
\ iji i i
i

73
7f>
(-•( j
0

(•0
71

1°2'>=1''0

i* i

11 i l l J l l l M t

P, \ - 100
v

1() ' = J u O _ _

< ')al

I e t i o - c 1 i i c u d p K / l i i ( 1 1 ii _ N( 2 < = H P _
( / r / c i r \ i r . . t ' l u o i f j i t t ' i t - -,i ^ )^- i<^n .

> i v n , i " M d is.

53.3

58.6

69.0

51.5
50.8
73.8
79.0
81.7
69.1
4L 1
57.8
35.6
26.1
71.9
56.3
39.2
56.8

58.5
46.1
78.7
83. 3
83.9
81.3
44.®
61.7
34.5
28.7
83.6
58.9
44-5
51.3

69.7
56.8
90.7
87.8
87.0
91.1
48.7
63.0
36.8
33.4
97.2
77.7
75. 1
63.9

50.4
100.0
58.1
64.3
57.8
69.8
85.0
82.4
53.4
71.7
52.0
65.4
57.1
44-6
29.6
44.9
58.9
76.7
71.9
84.8
64.0
56.0
60.8
26.3
66.0

52.6
151.4
62.0
71.8
64.1
76.5
86.2
90.3
52.0
66. S
50.9
73.9
64.7
45. 0
27.0
4L1
69. 8
87.9
86.2
88.2
59. 7
54.2
59.8
25.4
5o.4

68.0
203. 5
74.3
71.2
74.6
86.6
94.8
105. 3
55. 5
66.0
54.7
82.9
75.2
52.8
29.7
49.3
89.8
91.2
89.5
91.1
62.6
82.9
93.2
43.4
70.2

69.8
55.2
62. 2
56.' 0
59. 0
59.2
67.2 \
54.1 '

69. 1
56.4
67.2
50. 9
67.4
61. 9

79. 7
66.2
81.5
84.0
80.6
72.5
83.5
66.6

71.7
56. 5
93.3
60.6
71 . 8

81.3
59. 6
92. 1

6

n' I '
64! 1
63. 5
63.0

66. 0
61.5
72. 1
66. o
69. 7

62. :,
67. 4
36. ;>

,'1.7
<>7. 'J
,<4 '»

1

57.1

65. 7

90.5
70.6
108. 2
69.4
86. 1
75. 5
70. 8
87. 1
74.0
80.8

<J. 0

- _ _. _. J ( J ( ,= uo _

M a i i - ( , r d t r , nd k stf ;e j-ale-'
Toiul s-j'les, C2 COP^M nicO ____ thf us. ( f iVi...
M < nt eoipory "\Ynrd <V Co ___ ti ci -. f f » . o L _ <
he.rs Koebnek A <\>
... tl ou . c f . ' r l .'
Rui-U --ales ( f «ei)i'i-il p eichandboI n a d j n s t e d____________________1929-31 = 100 J

.EMPLOYMENT CONDITIONS i
AND WAGES
|
EMPLOYMENT

j
i

F i r t o n i M n « ' ( l ' t C ' l (/-? / ,*.)__ 1923-25 = 100. . 1
Clien'f ils and piodiKts.______1923-25 = 100—
CheiiiK ,1s _ ____ __________ 1923-25 = 100.. I
D r u g g i s t s ' p i e p a i a l i o r s______1923-25 = 100. . I
P a i n t s md \ a i m s h c b________1923-25 = 100- J
Pe ! i o1 eum i efin ma___________1923-25 = 1 00. .
K .\on c,nd p i ^ d u c f s_________1 9 23-25 = 1 00 ._
Pood iml pioducts_____________1923-25 = 100-.
Baking_______________________1923-25 = 100—
I*e\ei iges__________________1923-25=100..,
bl^ughtering, meat packing— 1923-25=100— i
a

8-month average, May-December.




4

6-month average, January-June.

5

On full tupe, c.ll ti dk 0
i>e
6-month average, July-December.

e See footnote on this section shown on p. 28.

59. 6

41.6
48. U

8,:-;. 8

SURVEY OF CURRENT BUSINESS

60
ITEM

1932

1933

1934

ITEM

EMPLOYMENT CONDITIONS
AND WAGES— Contidued
i
34. 9

36. 4

69
538 581
20, 34-5

131
1 234,904
67,761

148
1 612,266
116,097

3.31

5.48

4.74

.16
3. 44
.69

,21
2.71
.91

.19 I
3. 02 1
.89 i

46.1

A8. i
74. 3
71.9
81.0
64.8
83. 1
178. S
76. 2
8;?. 7
118.0
67. 7

34. 8

i

PAY ROLLS
Factory unadjusted (73. L. S.)-- 1923-25 = 100. .
Chemicals and products
1923-25
= 100. _
Chemicals
1993-25 — 100
Druggists' preparations
1923-25=100. .
Paints and varnishes
1923-25=100,.
Petroleum refining
- -.--1923-25 =100
Rayon and products
1923-25-- 100
Food and products
- .1923-25—100
Baking
1923-25=100
Beverages
1923-25 — 100
Slaughtering, meat packing— 1923-25 = 100..
Iron and steel and products
1923-25 = 100__
Blast furnaces and steel works
1923-25 = 100__
Structural and metal work, .1923-25 = 100..
Tin cans etc
- - 1923-25 — 100
Leather and products
1923-25 — 100
Boots and shoes
1923-25 — 100
Leather
1923-25 — 100
Lumber and products
1923-25 — 100
Furniture
.. .1923-25 -100
Mill work
1923-25 — 100
Sawmills
1923-25 — 100
Turpentine and rosin
1923-^5—100
Machinery
lQ23-25 — 100
Agricultural implements
1923-25 = 100. .
Electrical machinery, etc
1923-25=1 00 _ „
Foundry and machine shop products
1923-25 = 100,.
Radios and phonographs
1923-25 = 100..
Metals nonferrous
_. .1923-25- 100
Aluminum manufactures
1923-25= 100. .
Brass, bronze, copper prod ._ 1923-25 = 100__
Stamped and enamel ware— .1923-25 = 100..
Paper and printing
.1923-25=100..
Paper and pulp
- - - 1923-25 =100
Railroad reDair shoos
1923 25 100
Electric railroads.
— - 1923-25 =100..
Steam railroads
1923-25-100
Rubber products
1933-25 = 100..
Rubber tires and tubes
1923-25 = 100__
Stone, clay, and glass products_1923-25 = 100- .
Brick, tile, and terra cotta. —1933-25= 100. _
Cement
1923-25=100
Glass
1923-25 = 100..
Textiles and products
1923-25—100
Fabrics
1923-25 = 100..
Wearing apparel
1923 25—100
Tobacco manufactures
1923-25 = 100_ _
Transportation equipment
1923-25 = 100- .
Automobiles
1923-25-100
Cars, electric and steam
1923-25=100
Shipbuilding
1923 25—100
Factory by cities:
Baltimore
1939-31 = 100..
Chicago
1925-27=100
Milwaukee
1925-27=100
New York
1925-27 = 100 _
Philadelphia
1923 25—100
Pittsburgh
1923-25 = 100
Factory by States:
Delaware
1923 25 — 100
Illinois
1925-27-100
Maryland
...1929-31 = 100
Massachusetts
1925-27—100
New Jersey
1923-25=100
New York
1925-27=100-.
Pennsylvania
1923-25=100
Wisconsin
1925-27—100
Nonmanufacturing (Department of Labor):
Mining:
Anthracite
1999— 100
Bituminous coal
1929 = 100
Metalliferous
1929—100
Petroleum, crude production. ..1929 = 100- .
Quarrying and nonmetallic
1929=100-.
Public utilities:
Electric railroads
1929 = 100
Power and light
1929 — 100
Telephone and telegraph"
1929 = 100-.
Trade:
Retail
1929-100
Wholesale
1929 — 100
Miscellaneous:
Banks, brokerage houses, etc.. .1929 = 100- _
Dyeing and cleaning
1929 = 100
Hotels
1929 = 100-_
Laundries
1929=100-.
* 4-month average, September-December.




1932

1933

1934

WAGES-EARNINGS AND RATES

LABOR CONDITIONS
Hours of work per week in factories:
Actual, average per wage earner
hours__
Labor disputes:
Disputes (in progress)
-.
number
Man-days lost
number
Workers involved (in progress)
number..
Labor turn-over:
Accessions
percent of no. on pav roll
Separations:
Discharged
percent of no. on pay roll..
Laid off
..percent of no. on pav roll..
Voluntary quits.percent of no. on pay roll .

April 1935

%.i
82.4
66.8
85.4
140.4
74. 2
88.6
64. 3
65. 2
29.1

61.9
89.4
92. L
92. 1
79. 0
94. 3
215. 4
92. 4
95. 5
156. 2
90. 5
49. 0
49. 2
38.9
84-4
73.9
71.7
80 2 i

24. 8
31.1
67. 3
58.1
58.5
56.0
25. 1
84. 8
21.7
14.2
32.7
36.1
32.4
37.1

35.4
26. 3
70.6
62.9
61. o
66.8
26.4
36.3
19.5
16.0
36. 3
37.9
37.7
33.6

47. 7

31.1
62.7
39.1
42.1
35.8
49.0
74.8
61.7
42.7
64.3
41.2
44-9
37.7
29.1
14.0
27.7
45.9
53.5
50.9
55.5
47.3
40.7
42.3
23.5
52.5

32.8
85. 4
41.5
50.9
41.3
52.3
69.3
64.9
41.7
55. 1
40.8
50.2
41.7
27.6
12.0
22.2
52.9
61.2
62.2
55.7
42.5
39.5
42.8
20.5
38.9

49.6
116.5
56.0
54-4
53. 9
72.9
79.4
79.2
48.1
58.0
47.5
63.7
56.4
35.5
16.0
30.6
71.8
71.2
70.9
67.7
47.1
68.6
76.1
40.8
54.9

51.7
34.2
36.9
50.8
50.7
34.0

53.9
33.3
43.0
49.1
53.5
39.8

70.1
43.8
59.8
58.9
68.1
55.7

51.4
34-3
53.7
45.6
50.4
46.6
41.1
40.3

55.8
35.6
57.8
48.7
48.9
46.5
44.3
44.7

65.2
47.1
73.7
55.7
58.1
56.7
56.7
59.6

53.7
35.6
21.6
44.1
29.1

45.8
37. 8
20.6
44.1
24.7

55.9
54.2
26.7
56.9
29.6

68.0
79.8
81.1

58. 9
72.0
68.2

62.2
77.9
71.5

63.2
64. 2

55.2
56.8

60. 8
63.0

89.7
57.3
64.5
70.1

84.6
49.5
54.4
59.5

56.1
65. 1
64.9

4L 9
23.3
21.4
50.1
57. 2

1

Factory, weekly earnings (25 industries) :
All wage earners
dollars
Male:
Skilled and semiskilled
dollars
Unskilled
dollars
Female
dollars
All wage earners
1923 = 100-.
Male:
Skilled and semiskilled
1923 = 100- .
Unskilled
.. . .
1923 = 100
Female
1923-100
Factory, av. hourly earnings (25 industries):
All wage earners
dollars
Male:
Skilled and semiskilled. .
dollar1?
Unsk illed
dollars. .
Feniale
dollars
Factory, weekly earnings, by States:
Delaware
...
1923-25=100
Illinois
1925-27-100
Massachusetts
1925-27= 100- .
New Jersey
1923-25 — 100
New York
1925-27=100..
Pennsylvania
1923-25 = 100- .
Wisconsin
1925-27 =-i 00
Miscellaneous data:
Construction wage rates:
Common labor (E. N. 7?.)_.dol. per hour..
Skilled labor (E. N. R.)
dol. per hour..
Farm wages, without board (quarterly)
dol. per month-.
Railroads, wages
dol. per hour..
Road-building wages, common labor: s
United States
dol. per hour-East North Central
dol. per hour..
East South Central
dol. per hour
Middle Atlantic
dol. per hour
Alountain States
...dol. per hour
New England
.
dol. per hour..
Paciflo States
., dol. per hour
South Atlantic
dol. per hour
West North Central .
. dol. per hour
West South Central
dol. per hour
Steel industry:
U. S. Steel Corporation
dol. per hour..
Youngstown district
percent base scale..

17.10

17.71

20. 13

19. 52
14. 54
11.72
64.3

20.26 \
14.91
12. 36
66.6 j

22. 52
16.50
14.45
75.6

63. 4
65. 2
68.0

65.8
66.9
71.7

73.1
74.1
83.8

.497

.491

.581

.560
. 40[

. 550
.401
.340 \

. 641
.478
.425

75.9
65.8
75.0
88.4
78.5
63.0
00.2

72.6
64. 1
73.1
83.5
75.4
65.6
60. 1

76.0
72.0
75. 2
86.4
80. 1
76.6
71.4

.427
1.02

.406
1.01

. 532
1.10

~> 26. 55
.615

i 24. 51
.610

' 27. 17
.615

.32
.37
. 19
.36
.44
.36
.48
.19
.34
.26

.35
.41
.20
.36
.44
.36
.52
.23
.35
.28

.41
.50
.29
.42
.54
.43
57
.30
.43
.34

.400
98.9

.410
97.8

.474
101.5

784

712

597

26
150

80
32

16
2

509
195
314
98
105

484
229
255
107
95

528
239
281
60
156

1,138
471

1,121
380
11

1,633

109

125
80

105
76

161

168

60

*9

21

115
89
25
25, 397
13, 409
11,989

83

11
26, 864
13, 997
12, 867

86
124
27, 661
13, 829
13, 832

371
1.63

650
2.13

931
2.72

5, 706

6,607

7,971

2,083
58
502
1, 502
3.092
2, 901
5, 706
2,228
2, 139
2, 698
63.0

2,424
92
247
2, 076
3, 675
3, 450
6. 607
2,659
2,355
3.137
64.6

2,494
21
32
2,433
4,894
4,656
7,971
3,995
3,715
3,096
68.9

FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mills, of dol._
Held by Federal Reserve banks:
For own account
mills, of dol
For foreign correspondents .mills, of doL.
Held by group of accepting banks, total
mills, of doL.
Own bills
_ mills, of dol
Purchased bills
mills, of dol
Held by others. ..
mills, of dol
Com'l paper outstanding
mills, of dol._
Agricultural loans outstanding:
Farm mortgages:
Federal land banks . ... ...mills, of dol
Joint stock-land banks_.
mills, of dol..
Land bank commissioner .. .mills, of dol.
Federal intermediate credit bank loans to
and discounts for:
Regional agricultural credit corp's and
production credit ass'ns
mills, of doL
All other institutions
mills, of dol..
Other loans:
Agricultural marketing act revolving fund
loans to cooperatives
mills, of dol..
Banks for cooperatives, incl. Central
Bank
_.
... mills, of dol..
Emergency crop loans (1921-1934)
mills, of doLProd. cred. ass'ns
.. mills, of dol.
Regional ag. credit corp
.-mills, of doL.
Bank debits, total
mills, of dol_.
New York City
mills, of dol_.
Outside New York City
mills, of dol..
Brokers' loans:
Reported by N. Y. Stock Exch. mills, of dol..
Ratio to market value
per cent ...
By reporting member banks:
To brokers and dealers in
N Y
...
mills, of dol. .
To brokers and dealers outside N Y
mills, of dol.
Federal Reserve banks:
Assets total
mills, of dol
Reserve bank credit outstanding
mills, of dol. .
Bills bought
mills, of dol. .
Bills discounted
mills, of dol..
United States securities
mills, of dol_.
Reserves, total
mills, of dol. .
Gold reserves
mills, of dol_.
Liabilities, total
mills, of dol
Deposits, total
. mills, of doL.
Member bank reserves
mills, of doL.
Notes in circulation
mills, of doL.
Reserve ratio
percent.-

? Average of quarterly figures.

* See footnotes on this section shown on p. 30.

S88

SURVEY OF CUEEENT BUSINESS

April 1935

1932

ITEM

1933

1934

FINANCE— Continued

1933

1934

FINANCE— Continued
BANKING— Continued

Federal Reserve member banks:
Deposits:
Net demand
.. . .
mills, of dol
Time
mills, of doLInvestrnents
mills, of dol__
U.S. Gov. direct obligations.. mills, of doLU. S. Gov. guaranteed issues. .mills, of dol Other securities
mills, of dol
Loans total
mills of dol
Acceptances and commercial paper
mills, of doL
On real estate
mills, of doLOn securities
. mills of dol
Other loans
.
.. .mills, of dol _
Interest rates:
Acceptances, bankers' prime., .- percent
Call loans, renewal
percent-Com'l paper, prime (4-6 mos.)
percent-Discount rate, N. Y. F. R. B a n k _ _ percent ..
Federal land bank loans
percent- Intermediate credit bank loans .. percent
Real estate bonds, long term..
percent Time loans, 90 days. . percent
Savings deposits:
New York State. ... . .- .. mills, of dol U. S. Postal Savings:
Bal. to credit of depositors __thous. of dol Balance on deposit in banks.thous. of dol..
FAILURES
Commercial failures:
Total
number. Agents and brokersnumberManufacturers, total
_ .number
Chemicals, drugs, and paints, .number. Foodstuffs and tobacco
number .Leather and manufactures
number
Lumber
number. _
Metals and machinery
number
Printing qnd engraving
number
Stone, clay, and glass ..
number _
Textiles
. ... ._ .number Miscellaneous
number .
Traders, total
number
Books and paper
.
number _
Chemicals, drugs, and paints.. number-Clothing
_ number
Food and tobacco
._
number _
General stores
number
Household furnishings
_ number
Miscellaneous
.
... ._.. number
Liabilities, total . _.
thous. of doL.
Agents and brokers
thous. of doL.
Manufacturers, total
thous. of doL.
Chemicals, drugs, paints ._ thous. of doL.
Foodstuffs and tobacco
thous. of doL.
Leather and manufactures.thous. of dol..
Lumber
thous of dol
Metals and machinery
thous. of doL.
Printing and engraving. _ .thous. of doL.
Stone, clay, and glass
thous. of doL.
Textiles
thous. of doL.

(Life Insurance Sales Research Bureau)

10, 443
4,594
7,112

10, 562
4,421
7,986

12 584
4, 44]
9,675

9 825

8 4,92

7 958

Insurance written ordinary total mills of dol
Eastern district
mills of dol
Far Western district
mills, of doL.
Southern district
mills, of dol_.
Western district
mills of dol
Lapse rates
1925-26 ~ 100

535
234
52
57
192
7 141

481
205
48
55
174
7 139

515
220
50
61
185
* 126

585
139
.071
881
.079
3.51
.039
.238
263
.051
.281
.403
.081
.185
.471

729
178
.080
918
.076
4.22
.050
.304
.317
.067
.256
.515
.107
.219
.601

.336
.233
.084
1.010
.102
5.04
.066
.394
.379
.086
.297
.674
.136
.260
.800

MONETARY STATISTICS 1
3 692

4 248
9

fl %-27/s
9

2.13
lH-3%
2.75
6.61
4 23

5. 25-6. 00
9 V$-3%

9

H -3H

1.16
1H-4K
2.50

5. 30
3 10

5 50
9 ^-3 y>

3 336

9 yz-yi
1.00
»%-JH

1.54

5.00
2 29

9 %-\y±

5, 266

5, 132

5, 108

792, 903
699, 463

1, 143, 965
925, 280

1, 198, 163
694, 657

2 652
160
607
17
56
21
74
66
32
20
101
220
1 885
23
129
403
487
360
361
77, 359
12, 253
29, 175
890
923
1,239
5 507
4,391
1,086
964
3,536

1 692
132
385
12
39
13
43
47
26
18
40
148
1 175
14
100
204
373
65
193
226
41, 903
7,490
14, 995
743
597
498
o 445
2,180
677
809
1,071

1 015
99
254
6
25
10
31
30
14
11
30
98
663
10
63
104
278
23
80
105
22, 021
4,341
8, 220
190
285
199
1 489
1,221
325
349
870

35, 932
382
1, 664
6,300
8,557
2 212
8,024
8,794

19,418
246
1,364
2,600
4, 855
1 109
3, 898
5,363

9,559
138
661
1,124
3,750
298
1,257
2,331

r?2

16, 647
6,383
1,455
4 828

17,093
5, 892
1,318
4 574

17, 630
5,291
1,084
4 207

6,180
1 333
1 671
2,661
514
2,839

6, 370
1 554
1 678
2,617
619
2,966

7,145
2 227
1 741
2,604
589
2, 901

1 038
23
766
249
758, 075
651,050
52, 262
29 767
206, 439
193, 406
500, 107
427 877
247, 786
238, 267
20, 082
14, 236
7,897
7,829
62, 019
56, 909
163. 635
153. LL1
1
See footnotes on this section shown on p. 32.
5
6 months' average July-December.
7
Average
of quarterly figures.
9
Represents ranse of interest rates for the year.
iia
Average
of first three quarters of year.
12
See footnotes on this section shown on p. 31.




1932

ITEM

BANKING— Continued

Traders, total
thous. of doL.
Books and paper
thous. of doL.
Chemicals, drugs, paints ._ thous. of doL.
Clothing
thous. of doL.,
Foods and tobacco.
thous. of doL.
General stores
thous. of dol .
Household furnishings
thous. of doL.
Miscellaneous
thous. of doL.
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total
.mills, of dol..
Mortgage loans
mills, of doL.
Farm....
mills, of dol_.
Other
...mills, of dol
Bonds and stocks held (book value):
mills, of doL .
Government
mills of dol
Public utility..
mills, of do!
Railroad
mills, of doL.
Other
mills, of doL.
Policy loans and premium notes.mills. of doL.
Insurance written:
Policies and certificates. .
thousands
Group
thousands
Industrial _
thousands
Ordinary
thousands
Value, total
thous. of dol..
Group _ . _
thous. of dol..
Industrial
thous. of doL.
Ordinary
thous. of dol
Premium collections
thous. of doL.
Annuities
..thous. of dol..
Group
thous. of doL.
Industrial
thous. of doL.
Ordinary^ ._
thous. of doL.

61

1 074

29
796
250

1 101
31
806
265
717,119
41 420
210, 602
465 097
250, 821
31, 509
8, 493
56, 731
15 A. 088

Foreign exchange rates *
Argentina 1
dol per gold peso
Belgium
dol per belga
Brazil
dol. per milreis..
Canada
dol per Canadian dol
Chile
dol. per peso..
England
...dol. per £-_
France
dol. per franc
Germany
dol. per reichsmark..
India
dol per rupee
Italy
dol. per lira
Japan
dol. per yen
Netherlands
dol. per florin. _
Spain
dol. per peseta
Sweden
..dol. per krona
Uruguay
dol. per peso
Gold and money:
Gold:
Monetary stocks, U. S1.
mills, of dol_.
Movement, foreign:
Net release from earmark thous of dol
Exports
thous. of dol
Imports
thous of dol
Net gold imports, including gold released
from earmark 1
thous. of dol_.
Production, Rand
. ...fine ounces
Receipts at mint, domestic. . .fine ounces..
M^oney in circulation total
mills of dol
Silver*
Exports
.- thous. of dol .
Imports
thous of dol
Price at New York
dol. per fine oz
Production world
thous of fine oz
Canada
thous. of fine oz
Mexico
.thous. of fine oz
United States
thous. of fine oz
Stocks refinery, end of month:
United States
thous of fine oz
Canada
thous. of fine oz
NET CORPORATION PROFITS "a
(Quarterly)
Profits total
mills, of dol
Industrial and mercantile, total-mills, of dol..
Autos, parts and accessories-mills, of dol__
Foods
mills, of dol. .
Metals and mining
mills, of dol _.
Machinery
mills of dol
Oil
mills of dol
Steel and railroad equip
mills, of dol..
Miscellaneous
_. .mills, of doL.
Public utilities
mills, of dol. _
Railroads, class I (net railway operating
income)
- ...mills, of doi _
Telephones (net op income)
mills, of dol

4,240

4,347

7,537

38, 122
67, 461
30 276

—4, 833
30, 554
16 076

6,879
4,397
98, 889

-939
962, 797
121, 025
5,615

-19,317
915, 625
115,424
5,862

101,372
873, 866
110, 131
5,426

1,154
1,637
.279

1,587
5,018
.347

1,379
6,916
.480

10, 782

1,379
5,775
1,933

13, 405
1,237
5,675
1,801

14, 996

5,976
1,681

6,112
1,827

6,555
2,481

2.7
6.7
21. 8
1.5
1.0
6.2
d 29. 8
13.7
61.9

62.5
29 3

109.1
32.7
23.1
8. 0
4.1

d

ff>Q q

<&L>. O

d
d

66.9
56.5

d

2. 7
0
2.5
17.1
26.7
56.0

113.1
45.6

1,276
6,157
2,203

6.0

39.3
53. 6
113.9

PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month
mills, of doL.
Expenditures, total (incl. emergency)12
thous. of dol_ _
Receipts, total 12
thous. of dol__
Customs .
.
thous. of dol _
Internal revenue, total
.thous. of dol_.
Income tax
thous. of dol_.
Reconstruction Finance Corporation loans outstanding, end of month:
Grand total
thous. of dol
Total section 5 as amended. -thous. of doL.
Bank and trust companies including receivers
thous. of dol
Building and loan assoc
thous. of dol_.
Insurance companies
thous. of dol._
Mortgage loan companies— thous. of doL_
Railroads, incl. receivers. . -thous. of dol..
All other under section 5 thous of dol
Total emergency relief and construction act
as amended
thous of dol
Self-liquidating projects thous. of dol
Financing of exports of agricultural surpluses .
. _.thous. of doL.
Financing of agricultural commodities
and livestock
thous. of dol
Amounts made available for relief and
work relief
thous. of doL.
Total bank conservation act as amended
thous. of doL.
Other loans
-thous. of dol _

19, 524

22, 341

26, 752

451,777
167, 610
22, 334
118, 339
65, 385

438, 304
223, 860
24,013
174, 246
60, 038

843, 076
552, 020
25, 679
249, 515
76, 731

13 732, 039
U718, 890

1, 777, 693
1,407,509

2, 676, 022
1,394,538

13 404,348

680, 607
79, 066
67, 656
137, 066
325, 007
117,176

618, 177
39,454
37, 370
171,498
350, 619
178,876

309, 091
37 333

531,097
96, 068

" 53, 074
i 4 42, 051
u 54, 350
"169,864
14
13 182
15

399 283

^1, 017
15 10, 488

i 3 11 months' average February-December.
" 10 months' average March-December,
is
5 months' average August-December.
16
3 months' average October-December.
d
Deficit.

s 3, 981

13, 297

10, 488

123,263

184, 526

298, 470

"71, 6'12 !
80, 088

717,325
761,625

62

SURVEY OF CURRENT BUSINESS
ITEM

1932

1932

ITEM

1931

1933

April 1935

FINANCE— Continued

FINANCE- --Continued

CAPITAL ISSUES

SECURITY MARKETS— Continued

Total, all issues (Commercial, and Financia
Chronicled
.. thous.ofdol
Domestic, total
thous. of d o l _ Foreign, total
_ _ . thous.ofdol
Corporate, total
thous of dol
Industrial
. thous. of dol
Investment trusts
thous of dol
Land, buildings, etc
thous. of dol
Long-term issues
- thous. of dol
Apartments and hotels-_thous. of doLOffice and commercial - _ -thous. of doL _
Public utilities _ _ _ _
thous.ofdol .
Railroads
---thous.ofdol
Miscellaneous
thous of dol
Farm-loan bank: issues
thous. of dol
Municinal, States, etc
. thous. of dol
Purpose of issue:
New capital, total
thous. of doL _
Domestic, total
thous. of dol
Corporate
- thous.ofdol
Farm loan bank issues- -thous. of d o l _ _
Municipal, State, etc
thous. of dol__
Foreign( T
thous. of dol
Refundin total
thous of dol
Corporate
thous. of dol._
Type of security, all issues:
Bonds and notes, total
thous. of d o l _ _
Corporate
thous. of dol
Stocks
- thous.ofdol State and municipals (Bond Buyer):
Permanent (long term)
thous. of doL_
Temporary (short term)
thous. of doL.
SECURITY MARKETS
Bonds
Prices:
All listed bonds (N. Y. S. E.)
dollars.Foreign issues .
- dollars _
Domestic (Dow-Jones} (40)
percent of par 4% borid-.
Industrials (10) .--percent of par 4% boncL.
Public utilities (10)
percent of par 4% bond__
Rails, high grade (10)
percent of par 4% bond-Rails, second grade (10)
percent of par 4% bond__
Domestic (Standard Statistics) (60) ...dollars. U. S. Government (Stand. Stat.)
dollars- Foreign (N. Y. Trust) (40) __ .percent of par-Sales on New York Stock Exchange:
Liberty-Treas
thous. of dol. par value-Value, issues listed on N. Y. S. E.:
Par all issues
mills, of dol
Domestic issues
mills, of dol__
Market value, all issues

mills, of dol__

F
V •
~
millc f d 1
Yields:
Domestic (Standard Statistics) (60)— percent..
Industrials (15)
percent
Municipals (15)
percent- _
Railroads (15)
percent
Domestic, municipals (Bond Buyer) (20)
percent- Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills
percent
182-dav bills
-percent U. S. Treasury bonds
percent ...
Cash Dividend and Interest Payments and
Rates
Dividend payments (N. Y. Times)
thous. of doL.
Industrial and miscellaneous, _thous. of doL_
Railroad
-thous.ofdol
Dividend payments and rates (Moody's):
Dividend payments, annual payments at
current rate (600 companies) .mills, of doL.
Number of shares, adjusted
.millions-Dividend rate per share, weighted average
Banks (21)
Industrial (492)

dollars
dollars .

Public utilities (30)
Railroads (30)
Stocks
Prices:
Dow- Jones:
Industrials (30)
Public utilities (20)
Railroads (20)
New York Times (50)
Industrials (25)
Railroads (25)




dollars. _
dollars

dol. per share--dol. per share
dol. per share. .
dol. per share-dol. per share-dol. pershare--

Stocks— Continued
Prices— Continued.
Standard Statistics (421)
1926 = 100_.
Industrials (351)
1926 — 100
Public utilities (37)
1926 = 100- .
Railro'xls (33)
1926 — 100
Standard Statistics:
Banks X Y (20)
1926 — 100
Fire insurance (20)
1926 = 100. _
Sales, N. Y. S. E
thous. of shares. Values, and shares listed, N. Y. S. E.:
Market value all listed shares, .mills, of doL.
Number of shares listed
millions
Yields:
Common, Standard Statistics (90) _ .percent. _
Industrials (50)
percent .Public utilities (20) percent
117,032 i
Railroads (20)
percent-117,032
Preferred, Standard Statistics:
14, 622
Industrials, high grade (20)
percent-33, 759
71,433
Stockholders (Common Stock)
0
66, 077 American Tel. & Tel. Co., total
number-26, 070
Foreign
number. .
Pennsylvania Railroad Co., total
number- .
179.996
Foreign
-.
number
37, 593 1T. S. Steel Corporation, total
number. 2, 884
1 Shares held by broksrs... percent of total- 98. 390
45, 548
FOREIQN TRADE
182, 859
177, 759
5, 100
40, 923
44, 308
1,568
33
33
0 1
0
13,204
20, 769
920
60, 143 |
77, 042

143, 616
138, 114
5, 501
53, 658
1, 738
100
681
306
0
120
45, 022 i
5, 079
1, 039
14, 133
70, 337

87, 809
82, 665
5, 144
31, 798
15, 553
91
75

99. 354
97, 186
27/114
6. 425
63. 606
2 168
44, 663
26, 545

59,125 i
59, 113
13,382
40! 408
11
28, 6*3
18, 406

141,361
52, 048
2, 003

75, 060
21, 159
12,728

78,071
91,006

93, 9(55
82, 335

74. 986
80 8
64. 50

80. 64
83. 93
67. 57

89. 39
91.39
80. 34

49. 97
45. 36

58. 64
52. 99

80.97
74.70

67. 29

72.68

88.79

76.03

82.70

34. 31

80.1
102. 28
51.95

45.87
84.0
102. 75
57.91

243, 998
47, 212

272, 631
41, 828

51, 124
33, 179
17, 945
38, 248
26, 635
11,612

41, 223
32, 962
8,261
33, 246
27, 668
5,577

5.87
7.46
4.65
5 36
5.99

5.62
6.93
4.71
5.18
5.65

4.77

5.14

'b

0
7, 728
8, 325
i
43! 301

i

.88

.52

3.66

3.31

224, 819
201,185
15, 301

181,493
167, 265
14, 228

1. 326. 9
925. 60

1, 008. 1
924. 04

1.43
5 19
1.08
2.34
2.51
1 38

1 09
4. 14
. 78
1.70
2. 18
.88

64.6

83.7
26. 9
38.2
27! 2
74. 63
57. 81
118.42
93.63
30.84
21.99
'13 Average of quarterly figures.
11 months' average—February-December.

INDEXES
Value:
Export^ unadjusted
Imports, unadjusted
Q u a n t i t y , exports:
Total agricultural products
Total, excluding cotton

7
7
7

1933

1934

48.4
46.3
78.8
26.2

63.5
66.3
78.2
38.0

72.5
81.3
68.9
41.5

59.4
40.3
35, 436

53. 6
49.9
54, 573

54.4
66.1
26, 989

22, 837 f
1,316

29, 687
1,293

34,211
- 1,300

7.42
7. 74
6. 70
7.54

4.26
4.06
5. 56
3.34

3.72
3.37
6.09
2.94

7.32

6.71

5.81

694,
214
7
7, 262
250,
173
7
3, 306
189, 807
~ 3, 075
7
14. 37

7
7
7

688,
463
7
7, 541
243.
024
7
3, 258
188,
675
7
3. 241
7
17.86

7
7
7

674,
157
7
7, 705
259, 085
~ 3, 162
190,
254
7
3, 860
7
19. 30

1923-25 = 100
1923-25-100

35
34

37
37

47
43

1910-14=100 1910-14 = 100. .

94
76

85
62

66
59

134, 251
Exports, incl. reexports
thous. of doLBy grand divisions and countries:
100. 77
2,998
Africa
- --.
.. thous.ofdol
27, 402
Asia and Oceania
thous. of doL67.84
11,
243
Japan
thous.
of
doL.
96.7
65, 337
Europe
thous of dol
104. 44
9,297
France
--thous.
of
dol
66.59
11,139
Germany
thous. of dol_4,095
Italv
-_ thous.ofdol
306, 673
24,
027
United Kinedorn
thous of dol
73, 676
50, 478
North America, northern
thous. of dol__
20,
113
Canada
thous. of dol . _
43, 183
9,935
North America, southern
thous. of doL35, 379
2,658
Mexico .
- .. --thous. of dol _
7,804
8,049
South America
thous. of doL.
38, 607
2, 594
Ararentina thous. of doL
32, 338
2,383
Brazil
..
-thous.ofdol
6,269
297
Chile
thous. of dol_.
By
economic
classes:
4.63
131,
346
Exports, domestic
thous. of doL_
5.30
42, 805
Crude materials
thous. of dol__
3. 95
28.8
Raw cotton
... . _ mills, of dol
4.62
20, 128
Foodstuffs, total
thous. of dol_.
4.65
7, 452
Foodstuffs, crude
thous. of dol_.
12, 677
Foodstuffs, mfgd
thous. of dol_.
4.22
6.4
Fruits and prep
mills, of dol__
4.7
Meats and fats
mills, of dol
4.3
Wheat
and
flour
mills,
of
doL_
v.30
16, 394
Manufactures, semithous. of dol_.
is. 24
52, 019
Manufactures, finished
thous. of doL_
3.10
6.4
Auto^ and parts ..- - mills, of dol
6.6
Gasoline
mills, of dol
11.0
Machinery
mills,
of
dol
110, 231
Imports total 18
thous
of
dol
1S
thous. of dol_.
110,424
206, 069 Imports for consumption
By grand divisions and countries: 18
190, 013
2,021
Africa
thous. of dol _ 16, 056
30, 845
Asia and Oceania
thous. of dol_.
11,168
Japan
thous. of dol__
32,414
Europe
thous. of doL1, 108. 2
3,728
France
thous. of doL923. 16
6,131
Gennanv
thous of dol
3,534
Itaiv _ _ thous. of doL 1.20
6,219
I'ni'red
Kingdom
_
thous.ofdol
3.67
15, 118
North America, northern
thous. of dol..
.95
14, 508
Canada
thous.
of
dol
_
1.71 |
13,092
North America, southern
thous. of doL1.99
3,119
Mexico
thous. of dol..
1.10
16,742
South America
thous. of dol__
1,315
Anrentina
thous. of dol._
6,845
Brazil
thous. of dol_],023
Chile
thous. of doL
98.3
By economic classes:
29, 860
Crude materials
thous of dol
19,414
Foodstuffs crude
thous of dol
41.7
14,494
Foodstuffs, manufactured..- -thous. of doL.
85. 52
18,081
Manufactures, semithous. of d o l _ _
137.84 |
28, 383
Manufactures, finished
thous. of doL33. 19 i
17
5 months' average—January-May.
1S
See footnotes on this section shown on p. 35.

139, 583

177, 797

3, 576
27, 283
11,953
70,815
10, 143
11,669
5,103
25, 978
17, 903
17, 554
10, 502
3,127
9,504
3,077
2,477
443

6,401
38, 200
17, 535
79, 134
9,657
9,065
5,409
31,947
25, 693
25, 233
14,914
4,611
13, 458
3,550
3,365
1,002

137, 268
49, 214
33.2
16,915
4,031
12, 884
5.6
5.5
1.5
19,753
51,387
7.6
4.8
11.0
120, 797
119,418

175, 087
54, 433
31.1
18, 924
4,940
13,984
5.8
5.5
2.3
28, 487
73, 244
15.9
4.3
18.2
137,887
136,212

2, 355
36, 588
10,701
38,516
4,142
6,515
3,214
9, 268
15, 888
15,451
10, 593
2, 560
16,857
2, 820
6,886
959

2, 737
41,889
9,841
40, 143
4,W
5, 799
3, 055
9,308
19,380
18, 867
13, 268
2,918
18.904
2, J,68
7, 668
1,763

34, 846
17,651
17,114
24, 334
26, 852

38, 322
in 1^92
'22, 588
25, 623
29, 184

VALUE

SURVEY OF CURRENT BUSINESS

April 1935

1932

ITEM

1933

1934

TRANSPORTATION AND
COMMUNICATIONS

Express Operations
thous. of dol._
thous. of dol

7, 532
130

6,617
131

8.229
715,921

8.152
681,580

EJectric Street Railways
Fares, average (320 cities)
cents__
Passengers carried
thousands
Operating revenues
thous. of dol
Steam Railroads
Freight carloadiiu'S (F. R. B.}:
Index, unadjusted
1923-25=100..
Coal
'
1 923-25 =1 00 ...
Coke
19^3-25—100
Forest products
1923-25—100
Grain and products
19r?3 '-^5 — 100
Livestock
1923-25 — 100
Merchandise 1 c 1
1923-25—100
()re
1923-25—100
Miscellaneous
1923-25-100
Total cars
thousands
Coal
thousands
Coke
thousands
Forest products
thousands
drain and products
thousands
Livestock
thousands
Merchandise, 1. c. 1
thousands..
Ore
thousands
Miscellaneous
thousands
Freight-car surplus, total
thousands. .
Box
thousands
Coal
- -thousands Financial operations (class I railways):
Operating revenues
thous. of doL.
Frei°iit
thous. of dol Passenger
thous. of doL
Operating expenses
thous. of doL.
Net railway operating income. thous. of doL.
Operating results (class I roads):
Freight carried 1 mile . -.mills, of tons..
Receipts per ton-mile
cents
Passengers cairied 1 mile millions
Waterway Traffic
Canals:
New York State
Panama, total
U. S. vessels

thous. of short tons..
thous. of long tons
thous. of long tons..

Suez
thous. of metric tons_.
Welland
thous. of short tons..
Rivers:
Allegheny
thous. of short tons_.
Mississippi (Government barges)
thous. of short tons..
Monongahela
thous. of short tons..
Ohio (Pittsburgh to Wheeling)
thous. of short tons..
Ocean traffic:
Clearances, vessels in foreign trade
thous. of net tons..
Foreign
thous. of net tons
United States
. _. thous. of net tons
Shipbuilding. (See Trans. Equip.)
Travel
Airplane travel:
Express carried
_
pounds
Miles
flown
thous. of miles
Passengers carried
number
Passenger miles flown. - .-thous. of miles
Hotel business:
Average sale per occupied room
dollars _ _
Rooms occupied. ._ __ .percent of total .
Foreign travel:
Arrivals, U. S. citizens
number. _
Departures, U S citizens
number
Emigrants
number
Immigrants
number. _
Passports issued
number
National parks:
Visitors
number. .
Automobiles
number..
Pullman Co.:
Passengers carried . _. _. ... thousands
Revenues, total
.
_. thous. of dol
COMMUNICATIONS
Telephone (class A companies):
Operating revenues
thous. of dol- .
Station revenues
thous of dol
Tolls, message
thous. of doL.
Operating expenses...
thous. of dol
Operating income.
thous. of dol
Stations in service, end of mo
thousands..
Telegraphs and cables:
Operating revenues
thous. of dol. .1
Commercial telegraph tolls. _ thous. of dol..
Operating expenses
thous. of dol..
Operating income
thous. of dol..
7
Average of quarterly figures.




ITEM

1932

1934

1933

CHEMICALS AND ALLIED
PRODUCTS

TRANSPORTATION

Operating
revenue
Operatin 0 " income

63

50, 278

56
59
36
24
69
55
72
10
55
2, 348
445
19
75
138
79
756
18
820
692
365
256

58
63
48
29
69
52
67
35
58
2,435
475
25
92
138
74
704
62
866
509
281
166

260, 574
204, 148
31,415
200, 295
27, 199

257, 962
207, 734
27, 4^5
187, 454
39, 522

21, 586
1.051
1,415

22, 924
.997
1,362

209
520
16*1, 507
648
956
2,561
1,969
1,220

CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
7,170
thous. of wine gaL.
Production
thous. of wine gal
137
Stocks, end of month _ _ thous. of wine gal,..
Ethyl:
Production
. . thous. of proof gal
8. 1 39
Stocks, warehoused, end of month
thous. of proof gaL.
722, 045
Withdrawn for denaturing
thous. of proof gaL.
Tax paid
thous. of proof gaL.
Methanol:
62
Exports, refined
_
gallons
Price, refined, wholesale, N. Y . dol. per gaL.
68
54
Production:
Crude (wood distilled)
gallons
31
(T
Svnthetic
allons
60
62
Explosives:
Orders new
thou13 o f l b
65
39
Sulphur and sulphuric acid:
Sulphur, production (quarterly). .long tons..
64 1
2, 565
Sulphuric acid (104 plants):
Consumed in prod, of fertilizer. short tons..
28
Price, wholesale 66°, at works
dol. per short ton..
Production
short tons
137
90
Purchases:
687
From fertilizer mfr^
short tons
66
From others
short tons
955
Shipments:
363
To fertilizer mfrs
short tons
214
To others
short tons

7

7,948
7,949
1,410

10, 735

11,516

15,016

16, 648

18,819

22, 395

9,025

10, 374
780

13,300
1,468

64,] 28

93, 239
.37

64, 305
.38

206, 774
636,165

256, 607
732, 763

310, 519
1,044,535

452

18, 959

20, 782

218, 987

' 246, 251

64,216

100,510

116,337

15. 50
79, 382

1 5. 50
113,914

15. 50
126,625

10 137
11,162

19 423
18,489

20, 547
23, 922

13, 190
22 48 J

18, 283
32, 238

26, 714
27, . 75

218
70, 563
15, 888
53, 176
134
74, 226
42,815
4, 203
5, 605
21, 423

268
85, 644
9, 730
72,318
217
104, 203
59, 510
10, 239
5, 066
33, 835

296
108,911
16, 684
88, 235
244
105, 017
63, 506
24, 460
2,699
34,515

25, 615
7

296, 920

FERTILIZER
272, 621
219, 449 I Consumption, Southern States
28, 852
thous. of short tons__
203, 481
Exports, total
long tons..
38, 559
Nitrogenous
long tons

24, 796
.978
1, 503

234
582

233
592
16a2, 158

962
951
5, 281
2,379
1,326

120

195

194

108
714

101
998

94
1,164

411

587

673

5,371
3,382
1,989

5,107
3,238
1,870

5,300
3, 401
1,899

86, 164
3,801
39, 523
10, 587

125, 851
4,064
41,095
14, 458

3.20
51

2. 88
51

2.90
56

26, 559
30, 845
8, 126
2, 334
12,768

22, 651
22, 253
4,743
1,992
8,916

23, 142
22, 732
3, 265
2, 864
9, 306

161,371
45, 352

144, 195
36, 122

193,538
45, 953

1,312
3,614

1, 143
3,203

1,259
3,673

86, 132
59, 098
19,917
62, 504
15, 963
16
b 15, 162

6,280
6, 151
2, 113

103

16a 1, 762

824
993
5,039
2,243
1,313

5,394
5, 490
3,323

177, 766
3,413 I
38, 479
15, 655

79, 331
53, 928
18,716
56, 543
15,319
"b 14, 449

8,704
8,594
9,021
6,607
6,543
6, 951
7,698
7, 350
7, 868
447
808
762
16
* Tonnage of vessels less than

Phosphate materials
long tons
Prepared fertilizers
long tons
Imports total
long tons
Nitrogenous
long tons
Nitrate of soda
._
.long tons.
Phosphates
long tons
Potash
long tons. _
Price, nitrate of soda, 95 percent, N. Y.
dol. per cwt._
Superphosphate, bulk:
Production
short tons..
Shipments to consumers
short tonsStocks, end of month
short tons

NAVAL STORES
Pine oil:
Production
gallons
Rosin, gum:
Price, wholesale "B", N. Y
dol. per bbl._
Receipts, net, Sports
bbl. (5001b.)__
Stocks, 3 ports, end of month. bbl. (500 lb.)~
Rosin, wood:
Production
bbl. (500 Ib.)
Stocks, end of month
bbl. (5001b.)_.
Turpentine, gum:
Price, wholesale, N. Y
dol. per gal..
Receipts, net, 3 ports
bbl. (50gal.)._
Stocks, 3 ports, end of month.bbl. (50 gal.)..
Turpentine, wood:
Production
bbl (50
gal )
Blocks end of month
bbl ( C 0 °"al )

1.586

1.306

1.324

147, 164
59, 090
995, 660

224, 573
68, 681
793, 465

239, 001
69, 124
959, 937

187, 559

235, 841

295, 723

3.31
71, 043
361,811

4.16
81,633
236, 677

5.31
85, 881
206, 105

28, 495
96,712

35, 847
76, 439

42, 102
99, 161

.43
18, 356
82, 628

.46
21,474
73, 335

.53
20, 617
65, 442

4,663
7, 354

5,703
10, 606

6, 8C7
18, 968

OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts (quarterly):
Animal fats:
Consumption, factory
thous. of lb_.
Produc tion
thous of Ib
Stocks, end of quarter
thous. of lb__
Gelatin, edible:

7
7
7

164, 402
556, 592
263, 968

7
7
7

159, 986
601,255
348, 719

7
7
3, 535
3, 261
7
7
9, 540
9, 294
Stc cks, end of quarter
thous. of Ib..
On ases:
7
7
50, 715
51,405
Consumption, factory
. thous. o f l b
7
7
80, 567
84, 815
Production
thous of Ib
7
7
75, 574
80, 901
Stocks, end of quarter
thous. of Ib..
Lard compounds and substitutes:
7
236, 360
' 7 238, 145
Production
thous of Ib
7
24, 504
25, 187
Stocks, end of quarter
thous. of lb._
Fish oils (quarterly):
7
7
38,089
36,415
Consumption, factory
thous. of lb_.
7
7
33, 359
23, 052
Production
thous o f l b
7
7
160, 542
194,482
Stocks, end of quarter
thous. of lb_.
Vegetable oils and products:
Vt ge- table oils, total:
Consumption, factory (quarterly)
7
682, 537
thous. of lb_. 7 687, 553
4, 798
3,107
Exports
thous. of Ib
74, 096
56, 987
Imports
thous o f l b
7
7
599, 371
595, 001
Production (quarterly)
thous. of lb_.
Stocks end of quarter:
7
' 606, 829
578, 795
Crude
thous of Ib
7
781, 977
Refined
_.
. thous. oflb. . 7 694, 064
3
300 tons excluded.
Figures shown are as of December 31.

7
7
7

203, 679
550, 653
415, 947
7
7

3, 680
8, 211

• 59, 975
87, 385
75, 927

7
7

' 7287, 669
26, 070
7
7
7

40, 306
52, 196
145, 293

'691,007
1,403
59,114
7
537, 220
7
7

587, 577
692, 032

64

SURVEY OF CURRENT BUSINESS
1932

ITEM

1934

1933

CHEMICALS AND ALLIED
PRODUCTS— Continued
OILS, FATS, AND BYPRODUCTS— Con.
Vegetable oils and products — Continued.
Copra and coconut oil;:
Copra:
Consumption , factory (quar.) .short tons . . 7 52, 455
18, 893
Imports
short tons
7 18, 802
Stocks, end of quarter
short tons..
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. of lb_. 7 131, 320
7 63, 286
Refined, total (quarterly )_thous. of lb__
10, 268
In oleomargarine
thous. of lb_.
20, 760
Imports
thous. of lb__
Production (quarterly) :
Refined
thous. of lb__
Stocks, end of quarter:
Crude
thous. of Ib
Refined
thous. of lb_.
Cottonseed and products:
Cottonseed:
Consumption (crush) .. . .short tons
Receipts at mills
short tons
Stocks at mills, end of month_short tons..
Cottonseed cake and meal:
Exports
_
short tons..
Production
short tons
Stocks at mills, end of month-short tons_ .
Cottonseed oil, crude:
Production
- - thous. of Ib .
Stocks, end of month
thous. of lb_.
Cottonseed oil, refined:
Consumption, factory (quarterly)
thous. of lb__
In oleomargarine
_. thous. of Ib
Price, summer yellow, prime, N. Y.
dol. per lb._
Production
thous of Ib
Stocks, end of month
thous of Ib
Flaxseed and products:
Flaxseed:
Imports, United States
thous. of bu
Minneapolis and Duluth:
Receipts
_._
_thous. of bu_.
Shipments
-thous. of bu
Stocks, end of month
thous. of bu_.
Oil mills:
Consumption, quarterly. thous. of bu..
Stocks, end of quarter thous. of bu .
Price, no. 1, Minneapolis dol. per bu .
Production, crop estimate.-thous. of bu. Stocks, Argentina, end of month
thous. of bu_Linseed cake and meal:
Exports
_ _. .
. thous. of lb-_
Shipments from Minneapolis
thous. of lb_.
Linseed oil:
Consumption, factory (quarterly)
thous. of lb_Price, wholesale, N. Y
dol. perlb..
Production (quarterly)
thous. o f l b . .
Shipments from Minn
thous. of lb..
Stocks at factory, end of quarter
thous. of lb_Lard compound:
Price, tierces, Chicago
dol. per lb..
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of Ib..
Price, standard, uncolored, Chicago
dol. per lb_Production
thous. of lb_.

7 66, 020
7 57, 227

7 158, 971
7 14, 596

7 69, 195
27, 536
7 38, 180

7 58, 132
16, 384
7 29, 140

7 139, 939
7 77, 083
12, 508
26, 340

' 148, 520
7 78, 001
10, 306
26, 047
7
7

7 87, 769
71, 065
7

7 147, 983
7
15, 789

74, 319
79, 430

7 173, 658
7 31, 584

413, 053
407, 191
777, 607

371, 739
368, 555
754, 101

326, 508
311,090
679, 463

13, 129
186, 607
212, 601

9,480
168, 775
260, 179

1,913
148, 456
229, 928

130, 921
103, 134

116, 638
120,452

102, 084
98, 464

7 239, 386
1,258

7 250, 024
1,500

7 309, 969
4, 565

.038
115, 249
633, 675

.045
102, 864
733, 814

.065
99, 524
661,316

660

1,152

1,181

798
542
1,186

487
288
1,101

401
124
909

7 4, 429
7 2, 187
1.18
'11,671

7

7 5, 367
7 2, 021
1.58
• 6, 947

4, 759
7 1, 673
1.91
f 5,253

6,060

4, 592

4,183

22, 372

37,914

32, 796

8,054

8,124

7,426

7 54, 937
.063
7 81, 642
5,030

" 60, 331
.091
7 101,487
4, 847

7 64, 364
.094
7 92, 692
3,222

? 125, 694

7 121,070

.065

.069

.087

16, 519

20, 539

22, 257

.097
16, 926

.087
20, 456

.083
22, 030

7

128, 073

PA1NTS
Paints, varnish, and lacquer products: 1
Classified

thous. of dol~

Trade
thous. of doL.
Unclassified (273 estab.)
thous. of doL.
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines
dollars. _
Plastic paints _ _ _
dollars ..
Cold-water paints
dollars. _

16, 944

18, 563
12, 643
5,012
7,631
5, 921

23, 539
15,510
6,468
9,042
8,028

101, 671
68, 954
54, 077

131, 542
91, 847
61, 250

224, 962
34, 761
68, 632

CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:
Sheets, rods, and tubes:
Production
_thous. of lb._
993
Shipments .
_
. . thous of Ib .
1,061
Cellulose-acetate:
Sheets, rods, and tubes:
Production
_. thous. of lb."207
nf)
Shipments
thous. of lb_.
• Final estimate.
/1 Dec. 1 estimate.
See foonote on this section shown on p. 38.
7
.\verage of quarterly figures.




1,030
998

402
386

April 1935

ITEM

1932

CHEMICALS AND ALLIED
PRODUCTS— Continued
ROOFING
Dry roofing felt:
Production
short tons
Stocks end of month
short tons
Prepared roofing, shipments:
Total
thous squares
Grit roll
thous. squares..
Shingles (all types).. . thous. squares ..
Smooth roll
thous squares
ELECTRIC POWER AND GAS
ELECTRIC POWER
Fuel consumed in production of electrical
energy. (See Fuels.)
Production, total
mills, of kw.-hr_.
By source:
Water power
By type of producer:

mills, of kw.-hr..

Street railways, manufacturing plants, etc.
mills, of kw.-hr..
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec Inst )
mills of kw -hr
Domestic service
mills, of kw.-hr_.
Commercial-— wholesale., .mills, of kw.-hr..
Municipal and street lighting
mills, of kw.-hr..
Railroads:
Electrified steam
mills, of kw.-hr..
Street and interurban... mills, of kw.-hr..
Revenues from ultimate consumers (Edison
Elec. Ins.)
thous. of dol._
GAS
Manufactured gas:
Customers total
thousands _
Domestic
.thousands .
House heating .
- .thousands
Industrial and commercial
thousands. .
Sales to consumers
millions of cu. ft..
Domestic
...millions of cu. ft. .
House heating
millions of cu. ft _
Industrial and commercial
millions of cu. ft..
Revenue from sales to consumers
thous. of dol_.
Domestic
thous. of doL.
House heating
thous. of dol Industrial and commercial- -thous. of dol- .
Natural gas:
Customers total
thousands
Domestic
thousands-.
Industrial and commercial
thousands-Sale^ to consumers
millions of cu. ft .
Domestic
millions of cu. ft.
Industrial and commercial
millions of cu. ft..
Re venues, from sales to consumers
thous. of dol- .
Domestic
thous. of dol. .
Industrial and commercial— _thous. of dol- .
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:
Consumption (tax-paid withdrawals)
thous. of bbl
Production
thous. of bbLStocks end of month
thous. of bbl.
Distilled spirits:
Consumption (tax-paid withdrawals) 21
thous. of proof gal
Whiskey
thous. of proof gaL.
Production, total
thous. of proof gal-Whiskey
thous. of proof gal. .
Stocks, end of month
thous. of proof gal-Whiskey
thous. of proof gal..
DAIRY PRODUCTS
Butter:
Consumption, apparent
thous. of lb..
Price, N. Y., wholesale (92 score) -dol. per lb.Production (factory)
thous. of lb._
Receipts, 5 markets, .. thous. of Ib...
Stocks, cold storage, creamery, end of month
thous. of lb_.
Cheese:
Consumption, apparent
thous. of lb._
Imports
thous. of lb..
Price no. 1 Amer. N. Y
dol. per lb..
Production (factory)
thous. of lb._
American whole milk
thous. of lb-_
Receipts, 5 markets
thous. of lb_.
Stocks, cold storage, end of month
thous. of lb —
American whole milk
thous. of lb._

13, 929
4,665

1933

1931

14, 193
4,954

14,471
6, 373

2,061
474
435
1, 153

2, 019
460
484
1,076

6,929

7, 117

7, 584

4,088
2,841

4,223
2,894

4,748
2, 836

6,481

6,684

7,147

448

433

437

5,314
999
1,078
2,599

5, 479
997
1,040
2,810

5,898
1,067
1, 096
2,910

197

184

184

45
348

55
334

59
363

152,717

147, 785

153, 087

w, 145

9,826
9,322
59
436
28, 405
20, 342
1,732

9, 975
9,427
96
442
30, 059
20, 143
2,470

9, 639
54
445
29, 906
21,918
1,639

6,161

6,160

7,268

34, 274
27,113
1,262
5,762

31,609
24,918
1,217
5, 345

31,931
24, 569
1,625
5,611

5, 427
5,136
288
66, 761
26, 098

5, 357
5,070
285
67, 896
23, 949

5,514
5, 21 7
295
76, 625
24, 023

39, 908

43 m

51 , 593

25, 999
17,716
8,164

25,011
16, 600
8, 285

26, 168
16,427
9, 580

20 2, 289
^2,713
20 4,811

3, 307
3, 568
6.040

« 1, 122
$934
« 2, 887
s 2, 527
« 24, 647
5 2 1,980

3, 737
3, 201
9, 893
9, 053
65, 183
60, 104

141,512
.21
141, 178
51, 769

139, 443
.22
146, 891
55, 269

142,988
.26
137, 816
50, 744

50,312

91,717

69, 241

45, 660
4,362
. 13
48, 969
30, 895
13, 085

47, 300
4,033
.13
53, 716
34, 053
12, 684

49. 394
3,961
.14
46, 198
35,331
13, 338

67, 797
55, 226

79, 564
68, 625 \

9 't,87'6
79, 944

SURVEY OF CURRENT BUSINESS

April 1935

1932

ITEM

1933

1934

FOODSTUFFS AND TOBACCO— Con.

Potatoes:
Price, white, N. Y
.
Production, crop estimate

19, 584
130, 884

17, 587
143, 058

17, 696
160, 792

959
3,275

394
2, 697

686
3,169

4.72
2.53

4.70
2.55

4.85
2.70

9, 384
14,401

9,036
11,218

8,072
10, 909

151,661

136, 343

160, 465

4,087

4,868

5,159

30, 372

31, 172

31, 134

19, 153
114, 771

18, 179
110, 139

18, 263
105, 210

298
10, 049
23, 442

195
10, 196
16, 986

260
11, 659
35, 032

1934

Wheat — Continued.
Production, crop estimate, total
thous. of bu— 22a « 745, 788 22* * 528, 975 ^f 496,469
Spring wheat
thous. of bu._ 22a . 267, 497 «**178,183 ^ f 91,455
Winter wheat . . _ __ .. thous. of bu .22a • 478, 291 22a . 350, 792 i^f 406,034
Receipts
thous of bu
23, 090
19, 165
16, 161
Shipments..
thous. of bu_.
13,511
12, 316
15, 543
Stocks, visible supply, world.. thous. of bu_.
523, 223
525, 553
503, 117
Canada
...thous. of bu__
174, 593
217, 850
218, 334
United States 23
_
thous. of bu
185, 081
100, 907
139, 108
Stock, held by mills (quarterly)
7
7
thous. of bu— 7 118, 547
144, 071
128, 514
Wheat flour:
Consumption (computed)
thous. of bbl..
8,738
8,769
8,844
Exports
.
thous. of bbl—
483
330
347
Grinding of wheat
thous of bu
38,415
37, 065
37, 276
Prices, wholesale:
5.68
Standard Patents, Minn
dol. per bbl—
4.19
7.04
Winter, straights, Kansas City
4.63
dol. per bbl..
3.10
5.76
Production:
8,081
Flour, actual (Census)
thous. of bbl_.
8,397
8,146
Flour prorated, total (Russell's)
8, 985
thous. of bbl—
9, 097
9,408
651, 776
659, 396
Offal
thous. of Ib
671, 831
52
51
Operations, percent of total capacity .. .
51
Stocks, total, end of month (computed)
5,167
thous. of bbl—
5,210
4,870
7
7
7
3, 793
3, 842
3, 850
Held by mills (quarterly). . .thous. of bbl—
LIVESTOCK AND MEATS

• 140, 775
7,057

• 142, 981
5,437

3,999
11, 067
2,338

3,440
11, 230
2,359

dol. per 100 lb__
1.083
1.677
thous. of bu__ 22a ' 857, 871 22* < 320, 203
16, 613

GRAINS

1933

GRAINS— Continued

FRUITS AND VEGETABLES
Apples:
Production, crop estimate
thous. of bu._
Shipments car lot
carloads. _
Stocks, cold storage, end of month
thous. of bbl._
Citrus fruit car -lot shipments
carloads.

1932

FOODSTUFFS AND TOBACCO— Con.

DAIRY PRODUCTS— Continued
Milk:
Condensed and evaporated:
Production:
Condensed (sweetened)
thous. of lb-_
Evaporated (unsweet'ed) 22 _ thous. of Ib. Exports:
Condensed (sweetened)
thous. of Ib—
Evaporated (unsweetened).thous. of Ib—
Prices, wholesale, N. Y.:
Condensed (sweetened).— dol. per case-Evaporated (unsweet'ed).. dol. per case-Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. of l b _ _
Case goods
- --thous. of Ib _
Evaporated (unsweetened):
Case goods
_thous. o f l b Fluid milk:
Consumption in oleomargarine
thous. of lb_.
Production, Minn, and St. Paul
thous. oflb..
Receipts:
Boston, incl. cream
.thous. of qt._
Greater New York
thous. of qt_.
Powdered milk:
Exports
—thous. oflb..
Orders net new
- __thous. of lb_.
Stocks mfrs end of mo
thous. o f l b —

ITEM

65

17, 007

Total meats:
1,082
Consumption, apparent
mills of Ib
1,029
/ 119, 855
Production (inspected slaughter)
5,411
1,162
mills of Ib
1,076
Stocks, cold storage, end of month, total
3,886
817
877
mills, of lb11,167
53
57
Miscellaneous meats
.. mills, of lb.
2,529
Cattle and beef:
Beef
and
veal:
1.535
419, 731
368, 035
Consumption, apparent
thous. oflb..
22a/ 885,887
1,042
1,403
Exports
thous. of Ib 18, 583
Price, wholesale:
Beef, fresh native steers, Chicago
.131
.095
dol. per Ib—
Production, inspected slaughter
420, 493
thous. of Ib—
366, 171
3,687
Stocks, cold storage, end of month
46, 302
thous. of Ib—
37, 700
467
Cattle and calves:
Movement, primary markets:
« LOO
1, 494
1,445
Receipts
thous of animals
*1.09
931
Slaughter, local
thous. of animals. .
865
^f 118,929
Slaughter,
inspected.
(See
Leather
and
4,761
leather
products.)
11,615
553
570
Shipments, total
thous. of animals—
212
Stocker and feeder
thous. of animals. .
218
293
Price,
wholesale,
cattle,
corn-fed,
Chicago
5,234
5.78
7. 80
dol. per 100 lbHogs and products:
2'.69
Hogs:
.68
Movement, primary markets:
22a fl, 880,718
3, 365
2, 910
Receipts
thous. of animals—
15, 795
2, 539
Slaughter local
thous of animals
1, 975
11,579
Slaughter, inspected. (See Leather
55, 435
and leather products.)
821
942
Shipments total
thous of animals
77
34
27
Stocker and feeder
thous. of animals. .
.44
3.82
3.98
Price, heavy, Chicago
dol. per 100 Ib—
^f 628, 81 5
Pork, including lard:
4,049
606, 007
604. 20C
Consumption, apparent
thous. o f l b —
28, 694
60, 518
55, 703
Exports, total
thous of Ib
Lard
thous. of Ib .
45,517
48, 261
72, 191
Prices:
42, 938
.121
.133
Hams, smoked, Chicago
dol. per Ib—
Lard:
.040
. 057
.050
Prime contract, N. Y
dol. per Ib—
22a / 88, 296
Refined, Chicago
dol. per Ib
.062
.064
Production, inspected slaughter, total
620
652, 545
685, 470
thous. of Ib—
131, 122
139, 939
Lard
thous of Ib
683
Stocks, cold storage, end of mo.
68
724,
243
772, 001
thous. of Ib—
642,017
637, 202
Fresh and cured
thous. of Ib
1,952
87,043
129, 984
Lard
thous. o f l b
Sheep and lambs:
1
Lamb and mutton:
.71
55, 992
56, 740
Consumption apparent
thous of Ib
w*f 16,040
Production, inspected slaughter
1,093
56, 793
56, 121
thous. of Ib—
11,971
Stocks, cold storage, end of mo.
2, 111
1, 749
thous. o f l b —
Movement, primary markets:
3,029
2, 442
2, 205
Receipts
thous. of animals 1, 414
1, 100
Slaughter, local
thous. of animals
1, 258
Slaughter, inspected. (See Leather and
leather products.)
1.02
1, 099
1, 185
Shipments, total
thous. of animals
250
281
.95
Stocker and feeder
thous. of animals..
.93
Prices, wholesale:
1.90
1.99
Ewes, Chicago
dol. per 100 Ib
6.22
5.36
1.01
Lambs, Chicago
dol. per 100 Ib—
24
9 month's average. No quotation for months of April, May, and July.
« Final estimate.
/ Dec. 1 estimate.

948
81

1,829

.114

Exports, principal grains, including flour and
meal
thous of bu
3, 533
8,719
Barley:
78, 303
Exports, including malt
thous. of bu..
612
679
Price, no. 2, Minn.:
Straight
dol. per bu..
2,310
Malting
_. .. -_dol. per bu._
1,401
Production, crop estimate
thous. of bu_. 22 * * 30*2, 04% n* '155,825
Receipts, principal markets 2 thous. of bu—
4,867
2,394
Visible supply, end of month Lthous. of bu._
11,912
4,436
846
Corn:
304
Exports, including meal
thous. of bu._
494
707
Grindings
-thous. of bu_.
6,134
5,164
7.89
Prices, wholesale:
No. 3, yellow (Kansas City)— dol. per bu_.
.38
.31
No. 3, white (Chicago)
dol. per bu_.
.41
.31
Production, crop estimate
thous. of bu_. v* '$,906,873 v*'%,351,658
2,809
Receipts, principal markets
thous. of bu._
12, 504
21, 520
1,993
Shipments, principal markets. -thous. of bu__
12, 034
6,809
Visible supply, end of month... thous. of bu._
20, 916
50, 054
Oats:
814
Exports, including oatmeal
thous. of b u _ _
205
396
46
Price, no. 3, white (Chicago)
dol. per bu._
.28
.20
5.03
Production crop estimate
thous. of bu *** '1,246,548 *i** 7 31, 500
Receipts, principal markets
thous. of bu.6, 947
8,619
540, 575
Visible supply, end of month 23.thous. of bu_.
35, 117
19, 327
48, 781
Rice:
36, 241
Exports
pockets 100 l b _ _
214, 327
109,787
Imports
- pockets 100 Ib
14, 652
23, 523
.152
Price, wholesale, head, clean, New Orleans
dol. per l b _ _
.022
.028
.083
Production, crop estimate
thous. of bu._ ****41,260 22a * 37, 058
.090
Receipts, southern paddy, at mills
thous. of bbl. (162 Ib.)714
762
598, 852
Shipments to mills, total
'»
111,121
thous. of pockets (100 lb.)__
753
758
New Orleans. -thous. of pockets (100 lb.)_.
81
59
785, 740
Stocks, domestic, end of month
626, 806
thous. of pockets (100 Ib.) . _
1,723
1,777
158, 934
Rye:
Exports, including
flour
thous. of bu_.
3
Price, no. 2, Minneapolis
dol. per bu .
.56
.3?
Production, crop estimate
thous. of b u _ _ 22a . 40, 639 22a . 21, 150
Receipts, principal markets thous. of bu_.
603
1,475
Visible supply, end of month 2'. thous. of bu._
10, 668
9, 14?
Wheat:
2, 600
Exports:
Wheat, including flour .thous. of bu_.
2,177
2,218
6, 844
Wheat only
thous. of bu..
4,573
665
1,118
Prices, wholesale:
No. 1, Northern, Spring, Minn,
.62
1 , 059
dol. per bu._
.76
.52
No. 2, Red, Winter, St. Louis.dol. per bu__
280
.78
No. 2, Hard, Winter, K. C....dol. per bu..
.49
2 77
Weighted average 6 markets, all grades
.55
dol. per bu_.
.75
• 6 months' average, July-December.
7
Average of quarterly figures.
22
See footnote on this section shown on p. 40.
23
See footnotes on these sections shown on pp. 40 and 41.

22a
Crop estimates have been revised by the Department of Agriculture on basis of the 1929 Census of Agriculture. Revisions for years prior to 1932 have not been
http://fraser.stlouisfed.org/
published in the Survey.

Federal Reserve Bank of St. Louis

o! 94

66

SURVEY OF CURRENT BUSINESS
1932

ITEM

1933

1934

ITEM

FOODSTUFFS AND TOBACCO—
Continued

COAL
Anthracite:
Exports
thous. of long tons
Prices:
Retail, composite, chestnut
dol. per short ton
Wholesale, composite, chestnut
dol. per short ton
Production
thous of short tons
Shipments
thous of short tons
Stocks in storage
thous of short tons
Stocks, in yards of dealers, end of month
no. of days' supply. Bituminous:
Consumption:
Coke plants
thous. of short tons
Electric power plants thous of short tons
Railroads
thous of short tons
Vessels, bunker
thous. of long tons..
Exports
thous of long tons
Price, retail composite, 38 cities
dol. per short ton. Prices wholesale'
Composite, mine run— dol. per short t o n _ _
Prepared sizes (composite)
dol. per short ton..
Production
thous. of short tons..
Stocks, consumers, end of month
thous. of short tons._

Poultry and eggs:
_thous. of cases
of month:
.thous. of cases
thous. of Ib
thous. of Ib
of mo.
thous. of lb-.

1 148

1 219

1,135

3 183
79 746

4 902
75 220

4, 511
80 299

30 462

32 50°

28 916

64, 751

67, 053

73, 579

17 841
0436

17 641
.0440

16 498
. 0522

25 085

24, 303

25, 365

1,003
537
948
.081
1,366

1,323
702
1,001
.078
1,559

1,207
637
962
.099
1,151

33, 516

26 25, 256

24b26,193

5,509
875

6,344
831

7.907
904

TROPICAL PRODUCTS

Cocoa:
Imports
long tons
Price, spot, Accra, N. Y_._
dol.perlb—
Shipments, Gold Coast and Nigeria
long tons..
Coffee:
Clearances from Brazil, total.thous. of bags..
To United States
thous. of bagsImports into United States --thous. of bags..
Price, Rio No. 7, N. Y
dol. per lb__
Receipts at ports, Brazil
thous. of bags..
Stocks, world total, incl. interior of Brazil
thous. of bags..
Visible supply, total excl. interior of Brazil
thous. of bags-.
United States
thous. of bags..
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons__
United States:
Meltings, 8 ports
- long tons
Price, wholesale, 96° centrifugal, New
York
_
_
_ dol. per Ib
Receipts:
From Hawaii and Puerto Rico
long tons__
Imports
_
-- -. long tons.Stocks at refineries, end of mo.
long toiis.Refined sugar:
Exports, including maple _ _ _ long tons _ Price, retail, gran., N. Y
dol. per l b _ _
Price, wholesale, gran., N. Y dol. per l b _ _
Receipts:
From Hawaii and Puerto Rico
long tons_Imports:
Cuba-.
long tons. _
Philippine Islands
- long tons
Shipments, 2 ports. _
longtons..
Stocks, end of month, 2 ports, --long tons_Tea:
Imports
thous. of Ib
Price, wholesale, Formosa, fine, N. Y.
dol. per lb_.
MISCELLANEOUS PRODUCTS

1932

!

2,412

2,129

309 713

303 999

029

032

133, 777
221 036

124, 267
213 849

330, 282

316,068

489, 271

. 050
0-*3

10 155
. 053
044

8, 737

9.677

8, 040

S3 4-52

39 471

W 157

25 -] g i f t
K

71, 107
47, 064

59, 969
36, 290

7 894

8 048

6 367

185

175

204

13.74

12 97

12.93

10. 879
4 155
3 654
2 107

10. 058
4 128
3 585
892

9.644
4, 782
4, 102
1
1 529

2M8

2S45

50

2,649
2 524
4,667
100
656

3 332
2 548
4 662
98
672

3,869
2 793
4,972
98
809

7.71

7.65

8.26

3.638

3.667

4. 131

3.679
25, 809

3.715
27, 803

4.318
29, 866

29 29, 065

30 28, 688

si 31,156

47

47

70

2.123

2.495

3.654

54
1,761
149

76
2 223
131

80
2, 569
108

3, 853
1,471

2, 975
1,051

2, 463
513

68, 333
3,725
.811
65, 430
63

71,771
2, 660
.567
75,471
68

74, 636
2,921
.940
75, 779
70

93, 975
41, 145
312 730
42, 271
270, 459
870

93, 833
38,016
305 141
56, 103
249, 038
672

74, 172
36, 177
307 795
55, 913
251,882
1,047

COKE

Exports
thous. of long tons
Price, furnace, Connellsville
dol. per short ton__
1, 777 j Production:
Beehive
thous. of short tons
9
Byproduct
thous of short tons
30 537
1 Petroleum
thous. of short tons
030 Stocks end of month'
Byproduct plants
thous. of short tons_Petroleum, refinery
thous. of short tons..
121,878
PETROLEUM AND PRODUCTS
218 950

3 646
.048
040

97

97

59, 507
-"'' 22, 023

'
!

Crude petroleum:
Consumption (run to stills). --thous. of bbl._
Import 1 '
thous. of bbl
Price, Kansas-Oklahoma
dol. per bbL_
Production
thous of bbl
Refinery operations
pet. of capacity. _
Stocks, end of month:
California:
Heavy crude and fuel oil.-.thous. of bbL_
Light crude
thous of bbl
Fast of California total
thous of bbl
Refineries
thous. of bbl
Tank farms and pipe lines.thous. of bbL.
Wells completed
number
"Mexico*
Exports
thous of bbl
Production
thous of bbl
Venezuela:
Exports
thous. of bbL.
Production
thous. of bbl
Refined products:
Gas and fuel oils:
Consumption:
Electric power plants
thous. of bbl._
Railroads
thous of bbl
Vessels bunker
thous. of bbl
Price, fuel oil, Oklahoma, 24-26 refineries
dol. per bbl._
Pro duct ion:
Residual fuel oil
thous. of bbl
Gas oil and distillate fuels.thous. of bbl._
Stocks:
Residual fuel oil, east of California
thous of bbl
Gas oil and distillate fuels, total
thous. of bbl. .
Gasoline*
Consumption
.. . _ -. thous. of bbl _
Exports
thous. of bbl.

1 882
2,734

2,833

9,170
9,610

9,691
9,917

10,417
11,473

828
2,942
2,689

854
3,220
2,492

Candy sales by manufacturers. -thous. of d o l _ _
17, 330
17,056
19,511
Fish:
Landings, fresh fish, principal ports
thous. of l b - _
664
25, 162
25, 613
28, 266
Salmon, canned, shipments
_ cases3,037
481 238
420 579
495 962
Stocks, total, cold storage, 15th of month
3, 179
thous. of l b _ _
47, 707
39, 386
48,410
TOBACCO
.426
Leaf:
Exports
.
thous. of lb18,774
34, 263
36 578
36 731
Imports, unmanufactured
thous. of l b _ _
5,788
4, 743
4.771
4,805
Production, crop estimate
thous. of l b _ _ 22*7, 026, 091 22a 1,377, 639 w*l ,095,662
Stocks, total, including imported types
(quarterly)
mills, of Ib
7 2 142
21,543
r 2 269 I
~ 2 213
Flue-cured, fire-cured, and air-cured
7
7
mills, of Ib __
14,277
1,715
1,806
" 1, 658
7
7
7 37Q ;
Cigar types
mills, of Ib
406
389
Manufactured products:
31,158
Consumption (tax-paid withdrawals) :
2,819
Small cigarettes
millions
8 032
9 314
10 468
Large cigars
thousands
.139
362 063
Drums delivered N Y
dol per gal
370 241
3S3 100
Manufactured tobacco and snuff
.045
Refinery, Oklahoma...
dol. per gal._
thous. of l b _ _
28. 436
29, 057
28. 6S9 |i
Price, retail, service station, 50 cities
275 032
133
Exports ci°'arettes
thousands
dol per gal
201 394
207 948
Prices, wholesale:
Production: CT
!
4 OQ9
3, 023
Cigarettes
dol. per 1,000
6 042
\t natural asplants
thous of bbl
5 370 !
32, 719
Cigars
dol. per 1,000..
49. 053 i
4G. 410
A t refineries
thous. o f bbl__
40. 790 ii
« Final estimate.
f7 December 1 estimate.
Average of quarterly figures.
22a Crop estimates have been revised by the Department of Agriculture on basis of the 1929 Census of Agriculture. Revisions for years prior to
published in the Survey.
245 Five months' average Ap il, May, June, September, an 1 October*.
25
Series started May 1934. 8 months' average, May-December.
26
10 months' average, January-October.
27
5
months' average, data not available for January, February, March, May, July, August, and November.
28
8 months' average, data not available for February, May, August, and October.
29 7 months' average, data not available for February, May, July, August, and November.
so 8 months' average, data not available for February, May, July, and October.
3i 11 months' average, data not available for February.
3211 months' average, January-November.




1934

1933

FUELS AND BYPRODUCTS

LIVESTOCK AND MEATS— Continued

Receipts, 5 markets
Stocks, cold storage, end
Case -- - - Frozen
Poultry:
Receipts 5 markets
Stocks, cold storage, end

April 1935

.469

. 735

19,793
6, 577

19, 984
7,914

19, 739

20, 912

16,118

18,034

31,417
2,166

33, 868
1,807
. 157
.046

. 156
.038
1?9

2,818
33, 466

32

136

3,019
34, 793

1932 have not been

SURVEY OF CURRENT BUSINESS

April 1935
ITEM

1932

1934

1933

ITEM

PETROLEUM AND PRODUCTS— Con.

921

1,002

757
35, 094

756
32, 426

1,272
33, 761

2,768
906

3,208
730

3,685
800

.048
3,653
5,033

.048
4,081
6,595

.047
4,488
6,374

1,385

1,429

1,541

.157
1,869
8,608

.155
1,981
7, 925

.182
2,198
6,919

2
206

2
193

1
223

331

276

340

38, 243
188, 236

39, 130
107, 780

39, 060
107, 838

15, 853
2,585
4,639
4,288
2,789

28, 332
3,728
11,657
6,612
4, 295

16,716
1,488
5,547
5, 406
2,925

374
636
3,771
1,492

409
721
3, 935
1, 446

616
1, 105
3, 632
1, 443

.061

.097

.100

.063

.130

.111

178
5,626

133
5,547

314
5,376

965
1,215
3, 085
2 A03

1,087
1,426
3,693
2 823

1,037
1,648
3, 749
2 855

.29

.31

.29

.259

.302

.324

15, 406

14, 533

15, 490

11,183
A 223

10, 464
4,069

10,388
5,103

LEATHER MANUFACTURES
s 192, 144
s 121,610
s 68, 868

71

62

72

5.71

5.44

5.50

4.04

4.06

4.15

3.42
26, 107
6,208
1, 508
9,495
2,800
3,184
2,912

3.53
29, 198
7,402
1, 662
10, 895
2, 765
3, 387
3,087

4.00
29, 760
7, 616
1, 446
11,087
2,877
3,643
3, 092

LUMBER AND MANUFACTURES
LUMBER
Exports (boards, planks, and scantlings)
._ _ _
M ft b m
69, 728
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
..
M ft b m
4,510
Stocks, end of month
- -M ft. b m
62, 358
Retail yards, Tenth Fed. Res. Dist.:
Sales
M ft. b. m..
1,887
Stocks, end of month
M ft. b. m _ .
31.045
s
6 months' average, July-December.

33
Ses footnotes on this section shown on



1934

Flooring
923

HIDES AND SKINS

Gloves and mittens: 33
Production (cut), total
-dozen pairs
Dress and semidress
dozen pairs.Work
dozen pairs _
Shoes:
Exports
_thous. of pairs. _
Prices, wholesale:
Men's black calf blucher,
Boston -- - -_ -_ dol. per pairMen's black calf oxford, lace,
St. Louis
dol. per pair-Women's colored calf, Goodyear welt, oxford, average
dol. per pair__
Production, total
thous. of pairs
Men's___
thous. of pairs- _
Boys' and youths'
thous. of pairs..
Women's
thous. of pairs- _
Misses' and children's
thous. of pairs- Slippers, all types
thous. of pairs. _
All other footwear _ ._ .thous. of pairs _

1933

LUM BER— C ontinued

LEATHER AND PRODUCTS

Imports, total hides and skins
thous. of l b _ Calf and kip skins
thous of Ib
Cattle hides
thous. of Ib
Goat skins
thous of Ib
Sheep and lamb skins
thous. of lb-Livestock, inspected slaughter:
Calves
thous. of animals. .
Cattle
thous. of animals - Ho°"s
thous of animals
Sheep
thous of animals
Prices, wholesale:
Packers, heavy native steers, Chicago
dol. per lb-_
Calfskins, no. 1 country, Chicago
dol. per lb._
LEATHER
Exports:
Sole leather _
_
_ thous. of Ib Upper leather
thous. of sq. ft
Production:
Calf and kip
thous. of skins-.
Cattle hides
thous of hides
Goat and kid
thous. of skins
Sheep and lamb
thous. of skins
Prices, wholesale:
Sole, oak, scoured backs (Boston) dol. p e r l b _ _
Upper, composite, chrome, calf, black, "B"
grade
dol per sq ft
Stocks of cattle hides and leathers (all kinds)
end of month:
Total
thous. of equiv. hides-.
In process and finished
thous. of equiv. hides. Raw. - _ -thous. of equiv. hides- -

1932

LUMBER AND MANUFACTURES—
Continued

FUELS AND BYPRODUCTS— Con.

Refined products — Continued.
Gasoline — Continued .
Retail distribution (41 States)
mills, of gaL.
Stocks, end of month:
At natural gas plants
thous. of bbL_
At refineries
thous. of bbl
Kerosene:
Consumption
thous. of bbl
Exports
thous. of bbl
Price, 150° water white, refinery, Pa.
dol. per gal._
Production
thous. of bbl
Stocks, end of month
thous. of bbL.
Lubricating oil:
Consumption
thous. of bbl
Price, cylinder oil, refinery, Pa.
dol. per gal_Production
thous. of bbl
Stocks, refinery, end of mo__thous. of bbl._
Other products:
Asphalt:
Imports
thous. of short tons__
Production
thous. of short tons.Stocks, refinery, end of month
thous. of short tons..
Wax:
Production
- - - thous. of Ib
Stocks, refinery, end of mo__thous. oflb..

67

79, 023

87, 565

4,735
57, 545

6, 099
61, 197

2,080
28. 170

2,114
2fi 005

p. 45.

Maple, beech, and birch:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month

M
M
M
M
M

ft.
ft.
ft
ft
ft.

b.
b.
b
b
b.

rn
m..
m
m
m__

2,138
4,452
2,054
2,177
21, 135

2,675
4. 673
2,258
2,697
17, 408

3,824
5,149
3,560
3,794
19, 658

M
M
M
M
M

ft.
ft.
ft
ft.
ft.

b.
b.
b
b.
b.

m
m
m
m
m

10, 290
13, 872
9,415
10. 342
54, 229

9, 946
14, 242
9,872
10, 077
54, 847

8,569
11,278
8, 558
8,880
63, 680

34 130
4 229

112
237
114
110
1,911
1,675

Hardwoods
Hardwoods (Southern and Appalachian districts) :
Total:
Orders:
New
mill ft b. m
Unfilled, end of month
mill. ft. b. m_.
Production
mill. ft. b. m_.
Shipments
mill ft b m
Stocks, total, end of month - .mill. ft. b. m__
Unsold stocks
mill. ft. b. m _ .
Gum:
Orders, unfilled, end of month
mill. ft. b. m__
Stocks, total, end of month. mill. ft. b. m__
Unsold stocks
mill. ft. b. m
Oak:
Orders, unfilled, end of month
mill. ft. b. m _ _
Stocks, total, end of month. -mill. ft. b. m._
Unsold stocks
mill. ft. b. m._
Northern hardwoods:
Production
M ft. b. ni-_
Shipments
M ft. b. m _ _
Softwoods
Fir, Douglas:
Exports:
Lumber
M ft. b. m._
Timber
M ft b m
Orders:
New
M ft. b. m _
Unfilled, end of month
M ft. b. m__
Price, wholes lie:
No. 1 common
dol. per M ft. b. m__
Flooring, 1 x 4, "B" and better
dol. per M ft. b. in..
Production
M ft b m
Shipments
M ft b m
Hemlock, northern:
Production
M ft. b. m
Shipments
M ft b m
Pine, northern:
Orders, new
.
M ft. b. m _ .
Production
M ft b. m
Shipments
M ft. b. m _ _
Pine, southern:
Exports:
Lumber
M ft. b. m
Timber
M ft. b. m_.
Orders:
New
M ft. b. m _ _
Unfilled, end of month
M ft. b. m _ _
Price flooring
dol per M ft b m
Production
M ft b. m
Shipments
M ft b m
Redwood, California:
Orders:
New
-M ft. b. in-Unfilled
--- M ft. b. m.Production
M ft b m
Shipments
M ft. b. m_.

106
272
76
109
2,528
2, 256

34 134
34 1, 895
34 1, 667

69
518
450

34 338

3

34 m

3461
34 400

42
434
392

67
679
613

34 77
34 568
34 491

95
612
516

3, 727
9, 556

7, 932
15, 039

33 12, 352
33 14, 183

22, 761
18, 549

27,918
19,958

31, 300
18,455

113,479
85, 090

142,949
137, 971

124, 185
148, 656

9.42

14.14

17.63

21.32
97, 028
108, 965

27.80
134, 742
138, 622

35.42
122,021
113,367

2,014
5,358

2, 696
10,172

35 6, 859
35 8, 297

7,073
2,222
7,774

9,187
6, 836
9, 729

6, 054
5, 274
6,533

21,880
5,577

21,986
6,376

24, 460
7,380

111,423
62, 953
19. 51
92, 728
111,557

110,602
66, 574
26.78
104, 222
110,334

105, 793
73, 595
36. 65
104, 892
105,217

15, 027
22, 218
11,711
13, 972

23, 196
28, 258
13,632
21. 765

19, 720
25, 728
24, 368
20, 977

39.3

35.1

8.2
9

7.0
8

FURNITURE
Household:
All districts:
35. 8
Plant operations
percent of normal
Grand Rapids district:
Orders:
10.8
Canceled
- percent of new orders .
10
New
no. of davs' production. .
Unfilled, end of month
10
no. of days' production-Outstanding accounts, end of month
26
no. of days' sales -.
27.9
Plant operations
. -percent of normal 9
Shipments
no of davs' production
Southeastern district:
Orders, unfilled, end of month
16, 898
dol., average per firm..
32, 043
Shipments
dol., average per firm..
Prices, wholesale:
66.6
Beds
1926 = 100..
90.0
Dining-room chairs, set of 6
1926=100..
93.4
Kitchen cabinets
1926 = 100
70.9
Living-mom davprmorts
1926 = 100
34
11 months' average. Data for May not available.
35 10 months' average, January-October.

10

8

22
27.8
8

17
26.8
7

40, 890
48, 959

28, 054
48, 504

68.2
90.1
81.8
76.3

72.8
90.1
87.2
78.9

SURVEY OF CURRENT BUSINESS

68

1934

1933

1933

ITEM

ITEM

METALS AND MANUFACTURES

Ore
Iron ore:
Consumption by furnaces
thous. of long tons.Imports
thous. of long tons..
Receipts:
Lake Erie ports and furnaces
thous. of long tons..
Other ports
thous. of long tons
Shipments from mines. -thous. of long tons ...
Stocks, total, end of month
thous. of long tons...
At furnaces
thous. of long tons..
Lake Erie docks
thous. of long tons..
Manganese ore, imports (manganese content)
thous. of Ions tons..

IRON AND STEEL— Codtinued

49, 556
31,531

111,761
34, 548

236, 064
26, 397

29. 05

29.22

32.15

77

83

3695

S57
49

1,510
72

1, 843
119

226
69
297

1,360
421
1,803

1,297
526
1,854

33, 169
27, 744
5, 425

31,146
26, 086
5,061

31,377
26, 466
4,912

4

5

18

14,086
14, 290
16.6
14, 860

21,500
22, 387
26.1
21,364

£9,612
30, 788
36.2
29, 761

Sanitary Ware— Continued
Porcelain plumbing fixtures:
Orders:
New, net
number of pieces
Unfilled, end of month. number of pieces..
Shipments
number of pieces
Stocks, end of month
number of pieces..
Vitreous-china plumbing fixtures:
Orders:
New, net
number of pieces. .
Unfilled, end of month .number of pieces
Shipments
number of pieces
Stocks end of month
number of pieces
Steel, Crude and Semimanufactured
Bars, steel, coldfinished,shipments. short tons. .
Castings, steel:
Orders, new, total
short tons..
Railway specialties
short tons
Percent of capacity
Production, total.
short tons
Railway specialties
short tonsPercent of capacity.
_.
Ingots, steel:
Production
thous of long tons
Percent of capacity
Prices, wholesale:
Composite finished steel
dol per Ib
Steel billets, Bessemer, Pittsburgh
dol. per long ton..
Structural-steel beams, Pittsburgh
dol. per lb_.

Iron, Crude and Semimanufactured
Castings, malleable:
Orders, new
short tons
Production
_
_.
short tons..
Percent of capacity
Shipments
- - short tons.
Pig iron:
Furnaces in blast, end of month:
Capacity.long tons per day .
Number
Prices, wholesale:
Basic (valley furnace)-..dol. per long ton.
Composite pig iron
dol. per long ton..
Foundry, no. 2, northern (Pitts.)
dol. per long ton..
Production...
..thous. of long tons. .

22, 674
52

36,362
71

42, 770
82

13.98
14.99

15. 24
16.30

17.69
18.64

16.62
724

17.80
1, 101

20.08
1,326

40, 856

47, 660

47, 639

Shipments
thous. of Ib
Stocks, end of month.
...thous. of lb_.
B oiler fittings, cast iron:
Production
- short tons
Shipments
short tons
Boiler fittings, malleable:
Production
short tons
Shipments
short tons
Radiators:
Production
thous. of sq. ft. heating surface. Shipments-thous. of sq. ft. heating surface. .
Stocks, end of month
thous. of sq. ft. heating surface. .
Radiators, convection type:
!
New orders:
Heating elements only, without cabinets
or grilles
thous. of sq. ft. heating surface. .
Heating elements, including cabinets and
grilles.thous. of sq. ft. heating surface. .

7,663

16,316

13, 795

5, 799

13, 720

11,836

1,864
40,446
40, 901
32, 512

2, 597
47, 485
47,518
35, 771

1 959
47, 064
47, no

3,232
3, 924
34, 302

3,671
3,903
26, 821

4,115
4,110
40, 277

11,298
11, 386
1 18, 061

10,966
11, 199
107, 483

14, 424
14, 429
103, 279

2. 137
2,992

3,468
4,000

4.321
4, 228

1,453
1, 700

2, 376
2, 401

2,609
2, 500 1
i

3, 335
3, 779

3, 303
3, 271

3, 624
4,203

34, 163

32, 577

i
30, 371 i

95

73

|
I
:
i

194

142

Sanitary Ware
Bathroom accessories:
Production
number of pieces..
Shipments
number of pieces. _
Stocks, end of month
number of pieces..
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)
dollars
Porcelain enameled flatware:
Orders, new, total
_.
.dollars..
Signs
dollars..
Table tops
dollars i
dollars !
dollars..!

Sicns
Table tons




d

Deficit.

Furniture, steel:
Business group:
Orders:
New...
unnlled, end of month
Shipments.
Shelving:
Orders:
New
Unfilled, end of month
Shipments
Safes:
Orders:
New
Unfilled, end of month

me, 250

S3, 780

i
'
i

227, 885
555, 774

190,005
193, 691
400, 379

197,790 j
192, 694 1
373, 238

194. 29

197 40

210.41 I

654, 215
509, 108
212, 250
230, 377 1
109,833
126, 141
676, 608
487, 652
195 67n i
253, 724
190, 174
125. 961 i
108,851
80.425
• Average of quarterly figures.

449, 813
192, 423
82, 649
459, 097

2 979
5. 081
2, 348
10, 716

1,889
5,241
2,093
9,408

133, 707
168,518
134,174
420, 526

134,807
123,375
117,650
631,679

26, 561

22, 783
36, 178
IS, 216
23.1
37,507
12, 871
23.9

1,110
20

1,883
34

2,105
37

.0215

.0216

.0242

26.52

26.00

27.12

.0158
6.25

.0163
8.05

.0178
10.12

* ^ 3, 201
331, 172

483, 770

493, 823

765, 892
410, 040
28.8
410, 702
35, 302

513, 884
488, 542
35.9
487, 692
30, 508

625, 577
496, 407
35.6
496, 814
32, 935

292
304

402
343

364
417

thous. of dol..
thous of dol
thous. of dol

659
535
675

670
586
641

988
847
984

..thous. of dol..
thous. of dol
thous of dol

777
213
182

173
190
158

268
214
270

thous. of dol..
thous. of dol..

131
211
132
78

110
187
111
118

154
184
147
178

Lock washers, shipments
thous. of dol..
Plate, fabricated steel, new orders, total
short tons..
Oil storage tanks
short tons
Sheets, black, blue, galvanized", and full fmished:
Orders:
New
short tons.. !
Unfilled, end of month
short tons.. |
Production, total
short tons.. 1
Percent of capacity
Shipments __
short tons
Stocks, end of month, total
short tons..
Unsold stocks
short tons..
Tin and terneplate:
Production
thous. of long tons..
Track work, production
short tons.. \
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new, total
thous. of doL.
Air-washer group
thous. of dol..
Fan group
thous. of dol..
Unit-heater group
thous. of dol..
Electric overhead cranes:
Orders:
New
thous. of doL.
Unfilled, end of month
thous. of doL.
Shipments
thous. of dol..
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign trade.)
Foundry equipment:
Orders:
New
1922-24-100
Unfilled, end of month
1922-24 = 100-.
Shipments....
_
1922-24 = 100

!

36

2, 184
3,473
2,195
15, 137

23, 353
5, 189
14.9
23, 140
4,504
14.8

U. S. Steel Corporation:
Earnings, net
..thoi'S. of dol- .
Shipments, finished products
long tons..
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
number. _
Production
number. _
Percent of capacity
Shipments
number
Stocks, end of month
--.number-Boilers, steel, new orders:
Area..
thous. of so. ft..

Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range:
Orders:
New
number of boilers .
Unfilled, end of month, total
number of boilers. .
Delivery, 30 days or less
number of boilers. .
Delivery, more than 30 days
number of boilers. .
Production
... . number of boilers _
Shipments
number of boilers
Stocks, end of month, .number of boilers..
Boilers, round:
Production
. .
thous. of lb._
Shipments
thous. of Ib
Stocks, end of month
thous. of Ib
Boilers, square:

1934

1933

1932

METALS AND MANUFACTURES—
Continued

IRON AND STEEL
Foreign trade, iron and steel:
Exports
long tons
Imports
long tons..
Price, iron and steel composite
dol. per long ton..
Sales, iron, steel, and heavy hardware
January 1921 = 100..

April 1935

12, 056

M,610

:

8, 798

13, 483
3,248

16. 586 !
4,585

20, 166
4,114

88, 344
92, 863
93, 423
25. 1
91,310
113,410
66, 645

125, 424 i
137, 980
132, 820
40.8
124,817
102, 888
51,665

152, 557
137, 745
157, 955
48.6
148, 921
112,736
61, 375

86
2, 273

147 ;
2,569 I

4, 093

694 '
91
358 :
245 I

42 i1
358 i
42

114

1, 190
183

60s
503

64
247
57

127
525
106

37.3 i
35.4 i
35. 2

60.5
51.1
56.6

|

19.4
24.0
21.1

8-months' average, January-August.

69

SURVEY OF CURRENT BUSINESS

April 1935
ITEM

1932

ITEM

1934

1933

METALS AND MANUFACTURES—
Continued

METALS AND MANUFACTURES—
Continued

MACHINERY AND APPARATUS— Con.

NONFERROUS METALS AND
PRODUCTS— Continued

Fuel equipment:
Oil burners:
Orders:
New
no. of burners
Unfilled, end of month— no. of burners
Shipments
no of burners
Stocks, end of month
no. of burners..
Pulverized fuel equipment:
Orders, new, storage system:
Furnaces and kilns.. _no. of pulverizers ,.
Water-tube boilers no. of pulverizersOrders, new, unit system:
Fire-tube boilers
no. of pulverizers
Furnaces and kilns. . .no. of pulverizers..
Water-tube boilers no. of pulverizersStokers, mechanical, new orders:
Class 1, residential
.. .. number
Class 2, apartment and small commercial
number..
Class 3, general commercial and small commercial heaters
number.
Class 4, large commercial:
Number. __
Horsepower
Machine tools: 38
Orders:
New
1926=100
Pumps:
Domestic, water, shipments:
Pitcher, hand, and windmill
units
Power, horizontal type
units
Measuring and dispensing, shipments:
Gasoline:
Hand operated. _
units..
Power
units
Oil, grease, and other:
Hand operated
units..
Power
units..
Steam, power, and centrifugal:
Orders:
New
thous. of dol_.
Water -softening apparatus, shipments, .units. .
Water systems, shipments
.units
Woodworking machinery:
Orders:
Canceled
thous. of dol..
New
thous. of doL.
Unfilled, end of month
thous. of doL.
Shipments:
Quantity
machines
Value
- thous. of dol

1933

1934

Electrical Equipment
7,563
*,184
7,472
11,047

8,907
2,229
8,929
14, 935

37Q
37Q

371
376

375

3713
372
3

3717
3720
37 107

3712
3725
3790

1,184

1,985

101

190

' 73

19.6

372

92

90

143
26, 134

178
33,345

27.1

46.2
32,403
684

2,232
5,189

1,200
4,009

616
2,320

26, 056
709

15, 706
583

5,441
540

575
273

629
864
6,407

439

5
176
244

6
234
263

4
249
260

147
184

161
219

152
242

12, 462

13, 888

.2290
.0603

35 . 2115

1,901
411
1,490

2,107
489
1,619

12,404
11,976
11,513
.0703

24, 350
16, 624
15, 718
.0843

22, 866
2,906

24, 394
2,777

638
.0387
25, 798
28, 930
184, 910

1,417
.0386
30, 181
31,651
228, 588

2,409
4,818
5,237
.3912

1,773
3,851
3, 337
. 5216

36, 239
4,526

17, 448
5, 406

22, 326
16, 153

25, 599
17, 904

.0403
27, 059
24, 952
28, 667
28, 647
117,409

.0416
30, 553
30, 121
29,364
29, 352
108, 233

NONFEEROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite
long tons
17, 135
Wholesale prices:
No.l virgin, 98-99 (N. Y.)...dol. per lb_.__
.2290
Scrap, cast (N. Y.)
dol. per lb._
.0359
Babbitt metal:
Production, total.
thous. of lb_.
1,416
For own use —
thous. of lb_.
381
Sales
thous. of lb_.
1,034
Copper:
Exports, refined
__ short tons
12, 049
Imports, total
short tons
16, 333
Ore and blister
short tons
9,234
Price, electrolytic (N. Y.)
dol. per lb_.
.0556
Lead:
Ore:
Receipts in U. S. ore
short tons.24, 023
Shipments, Joplin district
short tons..
1,987
Refined:
Imports
short tons. .
2,876
Price, pig, desilverized (N. Y.)_dol. per lb_.
.0318
Production
.
short tons. _
23,831
Shipments, reported
short tons..
26, 438
Stocks, end of month.
short tons
172, 952
Tin:
Consumption in manufacture of tin and
terne plate
long tons..
1.S4S
Deliveries..
long tons _
3,027
Imports, bars, blocks, etc
long tons
2,902
Price, Straits (N. Y.)
dol. perlb..
.2201
Stocks, end of month:
World, visible supply
long tons
48, 892
United States
..long tons
4,207
Zinc:
Ore, Joplin district:
Shipments
_.
short tons
15, 097
Stocks, end of month.
short tons
70, 152
Price, slab, prime, western (St. Louis)
dol. perlb..
.0288
Production, total (primary)
short tons..
17, 794
Retorts in operation, end of mo
number..
19, 339
Shipments, total
short tons..
18, 210
Domestic
. _.
short tons
18, 196
Stocks, refinery, end of month.. .short tons..
129,251
7
Average of quarterly figures.
ss 10-month average, January-October.
37
Total for year.
3S
See footnote in this section shown on p. 49.
39 9-month average, January-September.




1933

Conduit, nonmetallic, shipments -thous. of ft..
Furnaces, electric, new orders
kilowatts
Electrical goods, new orders (quarterly)
thous. of doL.
Laminated phenolic products, shipments
dollars. .
Mica, manufactured:
Orders, unfilled, end of month
thous. of dol..
Shipments
thous. of dol
Motors (direct current):
Billings (shipments)
..dollars
Orders, new
...dollars..
Panelboards and cabinets, shipments
thous. of dol. .
Porcelain, electrical, shipments:
Special
- - dollars
Standard
-..dollars _
Power cables, shipments—
_, thous. of ft_.
Power-switching equipment, new orders:
Indoor
dollars. _
Outdoor
- dollars
Reflectors, industrial, sales
units..
Vacuum cleaners, shipments:
Floor cleaners
number .
Hand-type cleaners
number
Vulcanized fiber:
Consumption
thous. of lb__
Shipments
thous. of dol__
Welding sets, new orders:
Multiple operator
units
Single operator
units

1,574
936

1,603
876

1,507
1,300

7 70, 666

7 81, 266

7 109, 767

385, 032

478, 823

666, 684

56
63

91
88

77
115

208, 040
166, 520

223, 433
245, 812

39 275, 028
39 268, 444

178

167

215

36, 895
18, 943
585

41, 839
25,865
309

44,089
23, 151
304

20, 760
57, 841
35, 394

24, 033
50, 952
40, 684

33, 416
89, 521
50,203

37, 255
9,186

45,628
12,038

60,031
19,059

872
238

1,496
320

1,558
333

2
77

3
131

3
303

Miscellaneous Products
Brass and bronze (ingots): 40
Shipments and deliveries
net tons..
Brass, plumbing:
Shipments
-- number of pieces .
Brass*sheets wholesale price, mill dol. per Ib
Copper, wire cloth:
Orders:
Make and hold-over, end of month
thous. of sq. ft..
New
thous. of sq. ft..
Unfilled, end of month
thous. of sq. ft..
Production.
thous. of sq. ft..
Shipments
thous. of sq. ft_.
Stocks, end of month
thous. of sq. ft_.
Fire-extinguishing equipment.
(See automobiles.)

1,914

3,242

4,SS5

677, 653
.125

774,959
.131

743,747
.142

542
274
120
267
264
915

355
365
437
354
363
761

54
352
509
352
337
740

206, 166

95, 999
49, 884
46,115
85, 864
107, 775

259, 158
45, 460
108,650
62, 971
45,678
105,049
144, 281

134, 719

1.57
205, 432
24, 225
95, 470
49,745
45, 735
85, 737

1.68
858,147
45, 660
107,218
61,888
45, 327
105, 269

(41)
(41)
(41)
(41)
(41)
(41)

102, 602
15, 705
100, 254

101,544
17,517
99, 796

(41)

666, 489
671,849

765, 835
767, 516

(42)
(42)

45
54

51
60

(42)
(42)

3
5
78, 828
60
79,333

5
7
90,016

(42)
(42)
(42)
(42)
(42)

148, 064
159, 526
160, 194
51, 264

153, 176
168, 062
168, 735
41, 878

PAPER AND PRINTING

.0985

WOOD PULP<°a
Chemical:
Consumption and shipments, total
short tons..
Soda
short tons..
Sulphite, total
_ _
short tons
Bleached
short tons
Unbleached
short tons
Sulphate
.
..short tons
Imports
short tons
Price, wholesale, sulphite, unbleached
dol. per 100 lb__
Production, total
short tons
Soda
short tons
Sulphite total
short tons
Bleached
short tons
Unbleached
short tons
Sulphate
short tons
Mechanical (ground wood) :
Consumption and shipments
short tons..
Imports
short tons
Production
short tons
PAPER
Total paper:
Production
. _ ._
short tons
Shipments
short ton*5
Book paper:
Orders, new:
Coated
percent of normal production..
Uncoated ..percent of normal production. .
Orders, unfilled:
Coated
number of days' production..
Uncoated
number of days' production..
Production..
short tons..
Percent of capacity
Shipments
short tons
Newsprint:
Canada:
Exports
..
_
short tons
Production
short tons

24, sos

90,258

Stocks, at mills, end of month. .short tons..
See footnotes on this section shown on p. 50.
40a
New
series
on
wood pulp for 1934 will be found on p. 50.
41
42 Series discontinued with December 1933. For new series see p. 50 of this issue.
Discontinued.

40

(«)

(41)
(41)
(41)
(41)
(41)

2.10

15, 781

199,969
216, 608
216, 476
47, 201

SURVEY OF CURRENT BUSINESS

70
ITEM

1933

1932

PAPER AND PRINTING— Continued
PAPER— Continued
Newsprint— Continued.
United States:
Consumption by publishers. _ .short tons..
Imports
short tons
Price, rolls, contract, destination, N. Y.
base
dol. per short tonProduction, total
short tons..
Shipments from mills
short tons..
Stocks, end of month:
At mills
short tons__
At publishers
-short tons In transit to publishers
short tons
Paper board:
Production
short tons
Shipments
short tons..
Paper board:43
Consumption waste paper
short tonsOrders:
New
- short tons..
TJnfilled end of month
short tons
Production
short tons
Operations percent of capacity
Shipments
short tons
Stocks end of month
short tons _
Stocks of waste paper, end of month:
\t mills
short tons In transit and unshipped purchases
short tons_Writing (fine) paper:
Production
short tons _ Percent of capacity
Shipments
•
short tons
Wrapping paper:
Production
short tons
Percent of capacity
Shipments
short tons-All other grades:
Production
short tons
Shipment 5 ;
short tons
PAPER PRODUCTS
Abias]\e p^per and cl >th, shipipenis
Domestic _
leims
Foreign _
ie mis
Papei boaid siuppin b ' \ e Pioduction tot J
mills ot Sq ft
Coium^ed
*nUls ( ,f-q i
SoLd fibei
'ndls ol sq ft
PRlNTttG
Blank forn-s ne \ u l e i s
thous of sets
BooLpubh' T 'on *i t il
nui ' ei ' H1 > t, s
\e\\ boo'.x
ir -inei of e imon>
IStv, e i i t i < iis
*" P s ei v f eu l MIS
O} ci iliops i j 10 ^ec.j/up
l<2=io

ITEM

1934

41.25
78, 865
79, 181

40.00
79, 766
80, 579

32, 341
181,645
30, 159

28, 918
162, 965
29, 788

22, 144
231,502
37,618

275, 281

339, 691
340, 643

276,211

198,216
242, 781
78, 148
242, 728
63.0
216, 376
75, 183
128, 912
25, 363
35, 358
53
35, 802

39, 863
65
38, 855

103, 704
70

120 002
82

106,114

121,070

86, 065

98, 901

39, 326
6, 129

50, 297
7, 427

98,011

87,016

f

I npoiix
P' re,

•»

i
1

1 ,

i

r

1 11'-

ci

, j i j i i < < ' ., 1 te\

lt
1

'l

'

<

1x»«<

-sin i ient ,
v.'l 1
v[< t V,
1 1 1 i -id v 1 , o>
V ' < ^ ( )t K

1
x

42, 032
753
030
123

1

i

i ,l' 1 , ' , ' ' , 1

1 , i ' ,'i

1"

1 11 <ed - it >s
Rc^l 'i- k * ur ! d
COilS

l

L \ [ ,

1

i

II

1

S t ( { iv >, C P ( 1 Ol i 107 i l l
v

sc ip n

't

( 01 X L I ' I ')i ' n

T

\ KL!

3V >'

7

. >'
1

J

'l

, P

ti

tl

-t > '
4 7

fl

f

Poll

.

t t

P>o ii- t.on

*i. ' n 't , ) ( ' s , is,

i

( u ixx

5
7

3,980
2,212
1,768
4,525
2,392
2,133
4,473
2,326
2,118
17, 496
6,284
11,212

4,537
2,109
2,428
4,567
2,031
2,536
4,513
1,992
2,522
14, 436
5,783
8,653

4,999
1,988
3,011
5,096
2,081
3,015
5,046
2,043
3,004
17, 258
6,867
10, 391

12,937
13, 130
258
3,786
9, 086
24, 884

16, 924
15,424
269
4,684
10,471
26, 649

16, 504
16,822
318
5,051
11,453
39,911

3,471
3, 4-54
6
217
3,232
2,381

4,508
4,242
3
352
3,887
3,396

4,298
4,361
4
450
3, 907
4, 858

2,308
473
923
912

2,971
661
1,057
1,253

3, 839
865
1,347
1,627

9.54

9.19

10. 33

452
167
200
3, 340

353
13d !
149 \
2, 850 i

472
129
159
2, 394

1

6, 000
2, 057

2s, '„'() i

2, 672
2, 6S3

.

6,' 141

s Is

s

-i *

C'

i

<'f 1 i c i 1 hi
t h ( ' of t M

28. 3
6, 715
22, 648
8, 058

' r,us 01 1 ^

ith

C (i ( f T J ( 1 f I

1.357 !
6, 376

tl i U

Oi t l 1

v<

nt i i

i t 011^ l I P l s
i /U ! i < < s
t H 1 s ,1^'x

9

f

i

29
2, 459
2, 527
2! 482
5, 796
10, 748

6 months averag e, July-Dece rnber.
Average of (mart erly figures.

I1

i\
2, " l t >

12, 416

;

94

895
1,820

1.512 i
5,281 i
'
5, 341 i
20, 461 i
6, 4S1 |

1.637
6, 474
29. 0
6. 326
21. 059
6, 231

i

III

>i L

!

i tClt

1
1

Hi

L

2, 754 !
'

1, 102
> 1,878
1,217

1,806 '
1,387

5 _/ f 129
43. 6 I
5 5, 062

4, 298

4, 543

4,352

7,170

7,612

s of i

\e ' i t c ^iu a t
n in } e o f ii t ips
1 i f Me i e'K 1 f)f m m h i ui if ci < + tin i s
1 odiku n
m IP Oi of Unns
M » n > i t its
• ot( 1
numl ei < f tuiii
l e ei t < 1 'ull i] ei ition
~> >cl-s end ( f n u t h
nuiUtioituin
Pute s.1 s poi shed pio iuct on
thou c f s q ft

3. 737
3. 64 1
3, 571
S, 594

Crude (quarterly):
Imuortx
I'roduction
I!
ShiiJinents Cuncalcined)
Calcined (quarterly):
16, 331 j ;
Production
43
44

_

5

:

short tons 1
short tons
short tons
short tons.

2 983
52. 8
L !920
7 ,7R

2, 246

•!

'il

6, K !

392
932
106
930
2, 869

2,033
5, 900

l'). ""'•
7

Hi Is

Inner tu-ies
Pro lac* ion
_.
i.ioiMiuls
Smpniei t , tot 1
t h1 < us >nas
I)omest,r
t ou UK.
Stocks, e.id ( 1 ni'.ni'i
HUJUS n Is i1
[\d\\ PI ite i il fi o'l^uipcd
Ciude iuhbe
(see Cia le mbbei >
Fabncs
.
thous of Ib |

3,716
521
1,618
412

i

. ,u->

21 H7

th»'ispids
t .on

S, i p m p i s [,,t t 1
I) ,M CM C
S t o c k s , c l l d Oi iu01 1h




Ci'J

^ti ' e^j < ( p
t i
J l l p p in Ji' ^
^ \\ if

1h ) ,

SiOcV, n ] < f m o n t h

i ionLj>

t ix e ! t i

t < '

C'

Pi ) Hi' U -1
Ship ne^ts, it t d

Hu us of 1 iict

-t

)
(

3,623
356
1,827
274

P O R Z * '* 0 15 '^ \ r r

^I^S A"M> 11 ii^"*
PrUU 1U

-mo x end

Pi ue \ IK ies ic c i i ( ik1
Pi • ( U ( t < P
Pvc
nt t c M

12 1

1 >r s

1 ) i^ K 'i-

1 Ck

thous o f > ) i J c k
t V' x of } nek
tlior ol nil' k

1\1C

i d

}

OKIUS m i l l e d O M l o i m j
J' ' ( i i
n
"-IP Hit its } i il

^\

s ,
( l i J*'*
t ' S' 4
~> ! ii
i

2,770
280
1,328
398

( ompicn bii^l wholes l^piice red, \ f ^
dol pei hou
P icex 1 nc ^ ( \\ ei i e pei l 1 PI ^
< rdd i r f l K i i ei d cl i H t h i n s of biKk
P i u u c urn (i i t c h i n o
thf^s oflncK
"hi IP cn
t 1 oils of buck
^t » c k s e id ol T io T ith
tnouS ci 1 r cl-

'4 u( l
]
t t

i n t .
1 li I
s
I

255
22, 929
23, 471

STOXE, CLAY, AND GLASS
PRODUCTS

^111(1 11 M

I

217
14, 067
29, 641

BRICK

63, 164
674
568
IfiT

10.491

200
16, 327
21,982

Miscellaneous Products

Rubber and canvas footwear: 44
Production, total
_
. thous. of pairs _
Tennis
thous. of pairs
199, 498
Waterproof..
thous. of pairs .
Shipments, total
thous. of pairs..
228, 294
Tennis .
..
thous. of pairs
72, 464
Waterproof
thous. of pairs
231,124
Shipments, domestic, total.. thous. of pairs..
59. 2
Tennis
- ... ._ . thous. of pairs .
220, 131
Waterproof
_ thous . of pairs . .
78, 862
Stocks, total, end of month__thous. of pairs..
Tennis
thous. of pairs ._
219, 493
Waterproof _ . thous. of pairs
27, 363 Rubber heels:
Production
thous . of pairs - Shipments, total
thous. of pairs _ _
Export
thous. of pairs. _
Repair trade
thous. of pairs ..
Shoe manufactures
thous. of pairs. .
Stocks, end of month
thous. of pairs
Rubber soles:
Production
thous. of pairs.Shipments, total
thous. of pairs..
Expert - - - - - . _ . . thous. of pairs _
Repair trade
thous. of pairs..
__
Shoe manufactures
..thous. of pairs..
' Stocks, end of month
thous. of pairs
i Mechanical rubber goods, shipments:
>;>
Total
thous. of dol
49 8 4
Belting
thous of dol
8. 797
Hose
thous. of dol
Other _
thous. of dol
/ . 657
!
I

UMX

. i ,j.s

-

Rubber bands, shipments
thous. of lb_.
Rubber clothing, calendered:
Orders, net... number of coats and sundries. Production- .number of coats and sundries. Rubber-proofed fabrics, production, total
thous. of yd._
Auto fabrics
thous. of yd_.
Raincoat fabrics
thous. of yd..
Rubber flooring, shipments.. ..thous. of sq. ft._

159, 447
184, 142

50.39
84, 049
84, 164

(Vide
ll

1934

1933

MISCELLANEOUS PRODUCTS
136, 744
149, 462

141,326
149, 344

RUBB i? R AN1 > R U1SBJKR PR OI> U C TS

1 -'1

1932

RUBBER AND RUBBER PRODUCTS— Continued

8, 734
8, 963

C

April 1935

7

1,504 !

50 3 '

7
70, 148 \
' 309, 842 i

I,d93

2,134
1,517

f9 Q

:
72, 726
~ 372, 849

90, 850
340, 708
' 125, 830

~ 113,812

~ 126,081

" 257, 820

> 228, 241

~ 256, 05 4

7

See footnote on this section shown 01i p. 51.
See footnote on this section shown 01J p. 52.

SURVEY OF CURRENT BUSINESS

April 1935

1932

ITEM

1933

ITEM

1934

STONE CLAY, AND GLASS
PRODUCTS— Continued

TEXTILE PRODUCTS
CLOTHING

WOOL

Calcined products( quarterly):
Shipments:
Board, plaster (and lath)._thous. of sq. f t _ _
Board, wall
thous. of sq. f t _ _
Cement, Keenes
short tons
Plasters, neat, wood fiber, sanded, gaging,
finish, etc
short tons_.
For pottery, terra cotta, plate glass, mixing
plants, etc _ _ - short tons.
Tile, partition
thous. of sq. ft

7
7

7

194, 674
7

20, 263
'1,910

7

7

30, 257
54, 653
i 3, 570

26, 241
i 51,534
7
3, 235

7

7

7

166, 385
7

29, 109
53, 420
3, 285

7

181,540
7

22, 531
1, 493

7

25, 542
> 1,980

TERRA COTTA
short tons
thous of dol

Hosiery:
Production
thous. of dozen pairs-.
Shipments
thous. of dozen pairs
Stocks, end of month thous of dozen pairs
Men's and boys' garments cut:
Overcoats
thous. of garments. _
Separate trousers
thous. of garments__
Suits
thous of garments

1,360
118

944
77

840
64

8, 657
8,619
17,766

« 7, 146
5
8, 502
w 15,759
271
1,642
1,388

316
1,729
1,506

COTTON
Consumption
thous. of bales
Exports:
Quantity, exclusive of linters
thous. of bales__
Ginnings (total crop to end of month)
thous. of bales. _
Imports
thous of bales
Prices:
To producer
dol per Ib
Wholesale, middhnu, N Y__
dol. per l b _ _
Production, ciop estmnte_
thous. of bales. _
Receipts into sight
thous of bales
Stoc ks, end of month
Domestic, total mills md warehouses
thous. of bales. _
\rili-_.
thous. of bales
W "at- house_ thous. of bales
Woild \isiblvisupplv, t o t , < L _ _ _ t h o u s . of bales..
Amu 'c^n cotton .
thous. of bales

418

518

451

743

696

479

12,710
11

12, 664
12

9, 469
12

. 058
.064
13, 002
1, 197

.081
.087
13,047
1,241

.120
.124
9, 63 1
876

10,019
1,400
8,619
9, 203
7, 357

9, 659
1,391
8, 267
9, 133
7, 367

9, 1 19
1, 3(52
7, 7S7
e\ 03 I

5, S74

COTTON MANUFACTURES

I'll.'' 1 • in' 1 ' M ( i > _ _
dol. per yd..
^ i t i t h ' r i viv i i \ i ( Trioii mill)
dol. per yd..

Bella ps and fibers, imports:
Bui laps
.178

. 258
. 384

31, 135

25, 052
3, 446

l i l ^ H hO 1 pi U l l

tl 0 ' i S

1 > od ( o i o s __
h ,' 1 f > j , t •
. .

tl oils o \t
thou of ' d

i I'M'

tl'0"N

' !' ( u 1
I ' ! Ml

d d v «1

^DiiK'le i t t ' M i '
V( i \ o s , ; 1 M ( l ! e - > ...
A c t u i^pind'c* hou> , to
Opeiuti rs

_

47

39. 5
31. 9

25 47. 6
39
29. 9

^344.9
i 4 497. 6
i 4 484. 8
395. 4
428.4
917.9
476. 5

319.5
376. 6
883. 1
397.9

32, 127
4,711

43, 302
14,911

33, 830
9,116

69

97

25
27
50

37
41
67

50
50

72
64

48 40

.46
.19

.68
.31

.82
.33

1.241

1. 518

1. 636

.806

.918

1.111

.83

1.08

17, 725

22, 264

1.25
16,934
15,296
1,637

381.8
435.5
1,196.2

47

48

4S
45

36
32
55

50

173,020
^ ] 48, 705
50 / /#' 080

'^ 56, 040

3! 5,v
v

. 053

. Of

.041

. 002

. 07')

Of \ (1
r

-

_

thous. of lb__

28,462

Imports, t o t a l
thous of gross
Prom the Ph:l!ppincs___thoi>\ of gross.. _

7S
65

J i'o< lu''i i(*n
percent of cap o ci^v
St(."ks, endv of mnUh
tlu/us. of gross
S flK, impo {si total
thous of 'b
? ioim'r-of-] t :irl- _
thous. of Ib
T' uua nuts imports
thous o f l b1
1 1 -de v i M ) i i j < ' , i-liipments
thor^. of do ._
P u r , s.ih - hv du.Icrs
thou* of dol

35 9
7, 919
740
331

B u t t o n s and shells:

. 035

r o t ' O ' i J< t ' i ( h i M i l i l "
I'loi'l" t <M

0!

Consumption, grease equivalent__thous. of lb__
Imports, unmanufactured
thous. of lb__
Operations, machinery activity: J
Combs, worsted
percent of capacity..
Looms:
Carpet and rug
percent of capacity _ _
Narrow
percent of capacity. _
Wide
percent of capacity
Spinning spindles:
Woolen
percent of capacity
Worsted
percent of capacity
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb_.
Raw, Ohio and Penn., fleeces _ . _ d o l . per lb_.
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd..
Women's dress goods, French serge, 54" (at
factory)
dol per yd
Worsted yarn, 2/3 2s, crossbred stock Boston
dol. per Ib
Receipts at Boston, total 4q
thous. oflb..
Domestic49
thous. of lb_.
Foreign
.
thous of Ib
Stocks, clean equivalent, end of quarter:
Total
thous o f l b
Domestic
thous of Ib
Foreign
thous of Ib
Combing.- _
thous o f l b
Clothinf
thous of Ib

45.2
43.4
47

M IP CE LL AN E OUS PRODI' CTS

Cotton \ < i i
Pi lees, v bolt sale
22/ls, cones (Bosto'i"i
dol per Ib
4U/1 ^ southern, spinning
dol. p e r l b _ _
Cot (on uoocN
A b t a s i \ e dolli (c-ee Paper Products.)
Cotton c l o t h
i< \ > o i t s _ .
thous. of sq. yd. _
Ii'i'v^t _ alums, of sq. yd..

1

1934

RAYON AND SILK-Continued
Silk manufacturing:
Operations, machine activity:
Spinning spindles:
All
percent of capacity
5-B___ _
_ _ _ percent of capacity
Weaving:
Broad looms
percent of capacity
Narrow looms
percent of capacity. _
Silk piece goods:
Commission mills:
New orders
yards per loom
Production
yards per loom
Shipments
yards per loom
Stock-carrying mills:
Production
yards per loom
Shipments. _.
yards per loom_ _
Stocks, end of month _ _ .yards per loom__
Still to come off looms yards per loom

Orders, new:
Quantity
Value

1933

1932

TEXTILE PRODUCTS— Continued

GYPSUM— Continued

M<( ^

71

ir,, :..

Oidtrs. i "Jii'ed, end of mo-_thous. linear yd._
P\ ro'' \ lin ^ pi'fd
tiioi;s (,f Ib

\d

33, 539
20 1 5°

31,000
16,567

8
53
48.
6,02
79
401)
1,820
899
2, 3KS

45. 1
6, 873
751
320
787
873
2,319

2, 033
3 ()'X4
2, S'54

3, 271

2, 0(50

116
56
42
19

110
56
28
26

135
71
33
31

1,001
817

1,700
1, 319

3, 625
2,617

5, 534
3 453

9, 002
5, 376
3, 626

19,836
12,105
7,732

44, 635
24, 484

49, 705
31,309

71,119
4(5, 597
23, 144
1,378

67 X
2 430
1, 942

3^ L'85

T 1 1 A N S Pf } RTATIOX EQ t T I PM KN T

1 ) , of v 1
!
L 'l > U i Oi \

th us ndi n uK ot h( b»

2 1, .*s i;

25, 1_«)

pucentofcii ui^

101.3

204
N-v 5

Production to^ "'^

It AVON VM) SILK

I\Iiiitar\ (delivci 'r-s)
Fort\p(>it

ni'piber
number
number

Rm.li

Imports
thous o f l b
l i u c , \\hoicsile, T ",(' denier, "A" uTade
(N Y )
dol r,er Ib
-toil -> impoiUM, aid o* month-thous. of l b _ _
Silk
ImpoiK i < ' \ v _ _ .
thous. o f l b _ .
Pnces v IK It-sale
K u u , J a i > a n t ,P H-i:, N. Y _ . _ d o l . per l b _ _
Mlk goods, composite
dol. per y d _ _
jsuotks, end of mo T th
Woud \ isible -upplv
bales
1 nited 'Ma>e

ro

16 1
6, 4 (36

v.1 n id

. f1
>Al

.04
210
OQ

1(,

6, OM

1.561
. 92

1 OiO

253,711

261, ^Sl

S

<(

: o,
1. ~>7

^ s i , ( "0

Pisst T '°ei c i
number
I mted st te^
Uudi ohilts, issembicd,
total
_.nuniber_.
Pissft]«ei t a i e
number
Trucks
_'_
. .number. J
Finait'iiL
1
Re n pi id aseis, total
thous. of dol_.
\ ( \ C ds

tilOUS of dol

2.080

T *-9d cais
thous of dol
18, 882
17, 303
T iKL^sif ed
thous. of dol_.
1,032
1,270
?3 961
21, Of,
T\ holes t ie (m nufacturers to dealers)
\t \ \ c U t l oii'-et?
bales
57, 815
62,801
( > / , 717
thous. of dol._
27, 522
40, 832
33
i0 See footnote in this section shown on p. 54.
8- nonth a \ei ig\ Tun 11 \- V'uu^t.
^ Data originally she)wn by Cen? us Bureau,
39
4&
o-month average, July-December.
9- nonth a \ei ig\ JTin' m-Sopt^mb^r
See footnote in thi> section sho vn on p. 54.
7
45
50
A\er<iae
of
quarterly
figures.
2-Tion*
h
c
\eiage,
\
n
e.nh^i-Dace
nb^r.
Average for last 3 c luarters.
14
40
10-month aveiage, March-December.
3-month iuerag^, Oct< >bei -Dec ember
33
47
10-month avei ige. January-October.
4- nonth < ueiage, i>ept embei -December.




74, 187

72

SURVEY OF CURRENT BUSINESS
1932

ITEM

ITEM

1934

1933

TRANSPORTATION EQUIPMENT—
Continued
AUTOMOBILES— Continued

SHIPBUILDING
United States:
Merchant vessels:
Under constructions thous. of gross tons
Completed during month total gross tons
Steel
total gross tons
World (quarterly):
Launched:
Number
ships
Tonnage.thous. of gross tons
Under construction:
Number
.
.. ships
Tonnage.thous. of gross tons .

28
14, 574

21
17, 569

31
22, 179

5,068
4,227
114, 223
94, 531
93
19,599
500

5,494
4,488
160, 005
130, 762
364
28, 879
726

9,741
7 712
231, 562
182 468
41
49, 053
1,028

91,367
15, 023

124, 483
20, 490

157 890
S3, 663

42 505
46,914
39, 405

62, 982
72, 420
60, 767

77 291
103 371
79, 958

52

64

100

44
57
96
46

55
71
107
44

97
91
128
65

203, 116
2,160
237, 968
11 2

196, 309
2,072
292, 812
14 3

188 280
1,969
295, 214
15 2

2,463
53, 400
8,387
16.1
43
207

2,401
51, 373
10, 785
21.4
46
253

2,316
48,709
10, 853
22 5
57
330

RAILWAY EQUIPMENT

7

49, 610
5i 144
2,365
72
2,301
47
40
7
7

13
13

7

47, 528

51165
1,092

o

1,092
80
67
7
7

7

44, 709

5i 1, 953
8,346
5 063
3,283
1,356
1,343
7
7

29
28

65
65

0

513

51 14

127
121
109
12
5

78
73
72
1
2

127
119
74
46
2

8
5
3
5
4
0

2
1
1
7
5
o

9
4
5
11
8
3

51
3
737
0
0

7

5
0
0

5i 30
146
16
14

7

ELECTRIC TRUCKS ANI> TRACTORS
Shipments, industrial, total
Domestic
E xports




number..
number .
- - - number . _
?

1933

1933

1934

TRANSPORTATION EQUIPMENT Continued

Fire-extinguishing equipment:
Shipments:
Motor -vehicle apparatus
number
Hand-types
. . .number. _
Production:
Automobiles:
Canada, total _ . . . ,
number..
Passenger cars
.number
United States, total — .
number. .
Passenger cars
number
Taxicabs
. - .number ..
Trucks
_
number..
Automobile rims..
thous. of rims..
Registrations:
New passenger cars
number
New commercial cars
- - .number _
Sales*
General Motors Corporation:
To consumers
number
To dealers total
- number. _
U. S dealers
number __
Shipments accessories and parts, total
Jan. 1925 = 100..
Accessories, original equipment
Jan. 1925=100..
Accessories to wholesalers .Jan. 1925=100..
Replacement parts
Jan. 1925=100..
Service equipment
Jan. 1925=100..
Equipment condition:
Freight cars owned:
Capacity
mills, of lb__
Number, total
thousands..
Bad order, total
..
number-Percent of total in bad order ...
Locomotives railway
Owned:
Tractive power
mills, of lb_.
Number
number-Awaiting classified repairs.. .number..
Percent of total
Installed
number. .
Retired
number. .
Passenger cars*
On railroads (end of quarter)
number. .
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads
cars..
Orders, unfilled, total
cars..
Equipment manufacturers
- .cars..
Railroad shops
carsShipments total
.
cars..
Domestic
cars..
Locomotives industrial electric (quarterly):
Shipments, total
.number..
Mining use
.number. _
Locomotives railway:
Orders, new, placed by railroads-number..
Orders, unfilled, end of month:
Equipment manufacturers (Census)
total
number-Domestic total
.number ._
Electric
- number..
Steam
number. .
Railroad shops (A R A.)
..number..
Shipments:
Domestic total
- number __
Electric
number-Steam
number-Exports, total
number-Electric
number-Steam
number-Passenger cars:
Orders new placed by railroads number
Orders,unhlled(end of quarter) .number ..
Shipments total
number
Domestic '
number..

April 1935

21
20
0

43
42
1

49
47
3

9 568
7 078

41
9 849
3 482

7 65
180

7 75
7 119

7 102
7 231

7 222
1 019

7 216
7 747

7 281
7 i 215

74.0
43 1
132 7
74 0
68 1
93 2
91 9
67.3
59 4
67 8
116 1
114 3
121 7
81.3

78.7

79 7
76.8
28 A
147 2
79 9
77 8
110 5
87 7
62.1
61 6
60 1
112 3
105 1
111 7
75.4

94 2
93.6
36 4
177 S
93 4
99 6
134 1
96 0
71.6
73 6

118 5
88 5
90 S
80.5

81 4
66 7
87.5
86 0
84 4
99 2
113 6
116 1
84 7

77 7
67 1
83.4
74 6
80 9
97 5
106 7
112 1
79 0

78 9
71 g
96.0
109 3
90 3
110 8
115 1
117 9
80 3

2,154
108 7
202

2 499
97 7
170

2,739
85 7
128

35, 260
879
25, 372
7,967
1 042
5.21
55 6
75.3
63 3
49.2

47, 463
365
43, 574
3,440
83
46.8
68 6
69 3
94 2
49 0

53, 163
3,409
44, 989
2,058
2 708
4.11
85 7
75.4
123 9
52 9

41, 832
37, 718

44, 815
33, 435

54, 992
42, 789

19, 018
428

16, 023
464

13, 993
421

7

7

CANADIAN STATISTICS
Business indexes:
Physical volume of business
1926=100..
Industrial production, total
1926=100..
Construction
1926=100
Electric power
1926=100
Manufacturing
1926=100
Forestry
1926=100
Mining
.
.1926=100
Distribution
1926=100
Carloadings
1926=100..
Exports (volume) - - - .1926=100
Imports (volume)
1926=100
Trade employment
1926=100
Agricultural marketing
1926 =100
Grain marketings
1926=100
Livestock marketings
..1926=100..
Commodity prices:
Cost-of-living index
_ . . ,1926=100
Wholesale-pr ice index
1926 = 100
Employment, total (first of month) .1926 =100..
Construction and maintenance .1926=100
Manufacturing
1926=100
Mining
1926=100
Service
.
1926=100
Trade
1926=100
Transportation
...
1926=100
Finance:
Banking:
Bank debits mills, of dol
Interest rates
1926=100
Commercial failures
..number
Security issues and prices:
New bond issues, total
thous. of doL.
Corporation
thous. of doL.
Dominion and provincial. .thous. of doL.
Municipal.
thous. of doL.
Railways
thous of dol
Bond yields
percent-Common stock prices, total
1926=100
Banks
1926=100
Industrials
1926=100
Utilities
1926=100
Foreign trade:
Exports
..thous. of dol
Imports
thous. of doL.
Exports, volume:
Wheat
thous. of bu_.
Wheat
flour
-.thous. of bbl__
Railway statistics:
Carloadings
..thous. of cars..
Financial results:
Operating revenues . .
thous. of dol
Operating expenses
thous. of doL.
Operating income.
thous. of dol
Operating results:
Freight carried 1 mile
mills, of tons..
Passengers carried 1 mile mills, of pass. _
Commodity statistics:
Production:
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
mills, of kw.-hr.Pig iron
thous. of Ions; tons
Steel ingots and castings, thous. of long tons..
Livestock, inspected slaughter:
Cattle arid calves
thous. of animals-.
Swine
thous. of animals
Sheep and lambs
thous. of animals..
Wheat
flour.
.thous. of bbl .

O

72 A

182

169

194

24, 244
21, 274
2,112

22, 317
19, 270
2,057

24, 820
20, 803
2,990

1,925
118

1,755
115

1,940
126

1,322
12
28

1,463
19
34

1,763
34
63

78

91
233
73
1,237

112
239
71

i Average of months as reported.

Average of quarterly figures.

25

143
17 347
15 127

66
1,206

1 900

INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
51
Acceptances
30-31
Accessories, automobile
55
Advertising, magazine, newspaper, radio
25, 26
Africa, United States trade with
34,35
Agricultural products, cash income received
from marketings of
23
Agricultural v/ages, loans
30
Air-conditioning equipment
48
Air mails
26
Airplanes
36, 55
Alcohol, denatured, ethyl, methanol
36,37
Al uminum
49
Animal fats, greases
37,38
Anthracite industry
22, 29,43
Apparel, wearing
29, 53
Argentina, United States trade with; exchange; flaxseed stock
32,35,38
Asia, United States trade with
34,35
Asphalt
44
Automobiles
22,26,27,28,29,55
Babbitt metal
49
Barley
40
Bathroom
fixtures
47
Beef and veal
41
Beverages, fermented malt liquors and distilled spirits
39
Bituminous coal
22,28,29,43
Boiler and boiler
fittings
47
Bonds, prices, sales, value, yields
33,34
Book publication
51
Boxes, paper, shipping
51
Brass
50
Brazil, coffee; exchange, United States trade
with
32,35,42
Brick
52
Brokers' loans
31
Bronze
50
Building contracts awarded
24, 25
Building costs
25
Building materials
24,45,46,47
Business activity index (Annalist)
22
Business failures
31
Butter
39
Canadian statistics
56
Candy
42
Canal traffic
36
Capital issues
33
Carloadings
22,35
Cattle and calves
41
Cellulose plastic products
38
Cement
22,27,28,29,52
Chain-store sales
26, 27
Cheese
40
Chile, exchange, United States trade with___ 32,35
Cigars and cigarettes
43
Civil-service employees
28
Clay products
23,24,27,28,29,52
Clothing
24,25,27,28,29,53
Coal
22,28,29,43
Cocoa
42
Coffee
23,42
Coke
43
Collections, department stores
26
Commercial paper
30
Communications
36
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
30
Copper
49
Copper wire cloth
50
Copra and coconut oil
37
Corn
40
Cost-of-living index
23
Cotton, raw and manufactures
23, 53
Cottonseed, cake and meal, oil
38
Crops
23,38,40,53
Dairy products
23,39,40
Debits, bank
31
Debt, United States Government
33
Delaware, employment, pay rolls
28, 29,30
Department-store sales and stocks
26, 27
Deposits, bank
31
Disputes, labor
29
Dividend payments
34
Douglas
fir
45,46
Earnings, factory
29,30
Eggs
23,42
Electrical equipment
49
Electric power, production, sales, revenues..- 22,39
Electric railways
35
Employment:
Cities and States
28
Factory
27,28
Nonmanufacturing
28
Miscellaneous
28
Emigration
36
Enameled ware
47
Engineering construction
24
England, exchange; United States trade with_ 32,35
Exchange rates, foreign
32
Expenditures, United States Government
33
Explosives
37
Exports
34,35
Factory employment, pay rolls
27, 28, 29,30

Failures, commercial




.

31

Page

Page
Fairchild retail price index
23
Fares, street railways
35
Farm employees
28
Farm prices, index
23
Federal Government,
finance
33
Federal-aid highways
._
25, 28
Federal Reserve banks, condition of
31
Federal Reserve member bank statistics
31
Fertilizers
37
Fire-extinguishing equipment
55
Fire losses
25
Fish and fish oils
37,42
Flaxseed
38
Flooring, oak, maple, beech, and birch
45
Flour, wheat
41
Food products
22,23,27,29,39,40,41,42
Footwear
45, 52
Foreclosures, real estate
25
Foreign trade, indexes, values
34,35
Foundry equipment
48
France, exchange; United States trade with_
32,
34,35
Freight cars (equipment)
27,55
Freight carloadings, cars, indexes
35
Freight-car surplus
36
Fruits
23,40
Fuel equipment
48
Fuels
43,44
Furniture
46,48
Gas, customers, sales, revenues
39
Gas and fuel oils
44
Gasoline
44
General Motors sales
55
Glass and glassware
22,27,28,29,52
Gloves and mittens
45
Gold
32
Goods in warehouses
26
Grains
23,40,41
Gypsum
53
Hardwoods
45
Heels, rubber
52
Hides and skins
44, 45
Hogs
41,44
Home Loan Bank, loans outstanding
25
Hosiery
53
Hotels
28,30,36
Housing
23
Illinois, employees, factory earnings
28, 29,30
Imports
34,35
Income-tax receipts
33
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
32
Interest payments
34
Interest rates
31
Investments, Federal Reserve member banks31
Iron, ore; crude; manufactures
22,46
Italy, exchange; United States trade w i t h _ _ _ 32,35
Japan, exchange; United States trade with__ 32,34
Kerosene
44
Labor turnover, disputes
29
Lamb and mutton
42,44
Lard _
_ ___
41
Lead
49
Leather
22, 23, 24, 25, 27, 28, 29,44,45
Leather, artificial
54
Liberty bonds
33
Linseed oil, cake, and meal
38
Livestock
23,41,42,44
Loans, agricultural, brokers', time, real estate
30,31
Locomotives
55
Looms, woolen, activity
54
Lubricating oil
44
Lumber
22,23,24,27,28,29,45,46
Lumber yards, sales, stocks
45
Machine activity, cotton, silk, wool
53, 54
Machine tools, orders
49
Machinery
25, 27,28,29,35,48,49
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
22,23
Maryland, employment, pay rolls
28, 29
Massachusetts, employment, pay rolls
28,29
Meats
41,42
Metals
„ _ _ _ 22,23,27,28,29,49,50
Methanol
37
Mexico:
Petroleum production and exports
43
Silver production
32
United States trade with
35
Milk_
--__
40
Minerals
_
22,43,49
Money in circulation
32
National Industrial Recovery Act, highway
construction
25
Naval stores
37
Netherlands, exchange
32
New Jersey, employment, pay rolls
28,29,30
Newsprint
50
New York, employment, pay rolls, canal
traffic
.
28,29,36
New York Stock Exchange
31,33
Notes in circulation
31

Oats

Oceania, United States trade with
Ohio, employment-.
Ohio River traffic

40

34,35
28
-36

Oils and fats
37,38
Oleomargarine
. 38
Paints
38
r
Paper and pulp
22,23,27,28,29,50,51
Passenger-car sales index
26
Passengers, street railways; Pullman
35,36
Passports issued
36
Pay rolls:
Factory
29
Factory, by cities and States
29
Nonmanufacturing industries
29,30
Pennsylvania, employment, pay rolls
28,29
Petroleum and products
22, 27, 28,29,43,44
Pig iron
22,46,47
Pork
41,42
Postal business
26
Postal savings
31
Poultry
23,42
Prices:
Cost of living, indexes
23
Farm indexes
23
Retail indexes
23
Wholesale indexes
23, 24
World, foodstuffs and raw material
24
Printing
22
Production, industrial
22
Profits, corporation
32
Public finance
33
Public utilities
36
Pullman Co
36
Pumps
49
Purchasing power of the dollar
24
Radiators
.
50
Radio, advertising
25
Railroads; operations, equipment, financial
statistics
35,36,55
Railways, street
35
Rayon
54
Real-estate market activity
25
Reconstruction Finance Corporation, loans
outstanding
33
Registrations, automobiles
55
Rents (housing), index
23
Retail trade:
Automobiles, new, passenger
26
Chain stores:
5-and-10 (variety)
26
Grocery
26
Department stores
26,27
Mail order
27
Rural general merchandise
27
Roofing_
39

Rice

40

Rubber, crude; scrap; clothing; footwear;
tires
22,23,24,27,28,29,51,52
Rye.
41
Sanitary ware
47
Savings deposits
31
Sheep and lambs
42
Shipbuilding
22,27,28,29,56
Shoes
22,24,25,27,28,29,45
Silk
„_ 23,54
Silver
_ . 22,32
Skins
44
Softwoods
45,46
Spain, exchange
32
Spindle activity, cotton
53
Steel, crude; manufactures
22,47,48
Stockholders
34
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks, issues, prices, sales, yields
34
Stone, clay, and glass products
„__
22,
23,27,28,29,52,53
Sugar
23,42
Sulphur
37
Sulphuric acid
.
37
Superphosphate
37
Tea
23,42
Telephones and telegraphs
36
Terneplate
48
Terra cotta
53
Textiles, miscellaneous products
54
Timber
45
Tin and terneplate
-_
23,48
Tires
22,24,27,28,29,51
Tobacco
22,25,27,28,29,43
Tools, machine
49
Trade unions, employment
28
Travel
36
Trucks and tractors, industrial electric
56
United Kingdom, exchange; United States
trade with
32,35
Uruguay, exchange
32
United States Steel Corporation
30,34,48
Utilities
__ 28,29,34,35,39,55
Vacuum cleaners
50
Variety store sales index
26
Vegetable oils
37,38
Vegetables
. 23,40
Wages
29,30
Warehouses, space occupied
26
Waterway traffic
36
Wheat and wheat
flour
23,41
Wholesale prices
23
Wisconsin, employment; pay rolls
. 28,29
Wood pulp
50

Wool
Zinc

22,24,54
22.49

RAILWAY AND HiGHWAY
TRANSPORTATION ABROAD
A STUDY OF EXISTING RELATIONSHIPS,
RECENT COMPETITIVE MEASURES,
AND COORDINATION POLICIES
TRADE PROMOTION SERIES No. 155

Material for the study was obtained from foreign offices of the Departments of Commerce
and State and from such unofficial sources as transportation, technical, and trade publications.
This is a study of the policies of foreign countries directed toward the coordination of
highway and railway transport services, as well as those measures introduced by railways
to meet competition.
Following the introductory sections will be found the first of the report's major sections—that covering the development of the movement for coordinating all transport in some 90-odd
countries. The section is arranged b3^ individual countries.
Section two covers the introduction of new types of equipment by foreign railways to
facilitate coordination, to meet competition, or to effect operating economies. Subjects
treated include self-propelled rail cars for both freight and passenger service, equipment adaptable
for operation over both railways and highways, use of unit containers, renovation, etc.
Efforts, other than legislation, or introduction of new equipment, are covered in the
third section. These include establishment of store-door delivery, speeding up service,
highway transport, revision of rate structure, construction and rehabilitation, terminal developments, tourism, advertising.




426 Octavo Pages

Paper Bound

50 cents per copy

Copies of this publication may be obtained from the Superintendent of Documents,
Government Printing Office, Washington, D. C., or any district office
of the United States Department of Commerce