Full text of Survey of Current Business : April 1935
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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 An annual supplement will not be published this year because of lack of printing funds.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16 STATISTICAL DATA New and revised series: New series: Interest rates of Federal land banks; industrial alcohol (withdrawn tax paid) 20 Revised series: Labor turnover rates in manufacturing establishments, purchasing power of the dollar (farm prices), silk piece goods, and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