Full text of Survey of Current Business : April 1937
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
APRIL 1937
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 17
NUMBER 4
'URING THE PAST THREE YEARS
there have been important gains in construction activity and
the momentum has carried forward through the first quarter of
1937. Improvement during the early part of the recovery came
almost entirely from funds supplied by the Federal Government, but
more recently private work, and particularly residential building,
has accounted for an increasingly large proportion of the total.* * *
Total construction in 1936 was much higher than in] 1935,
approximating ihree-fourths of the average annual volume
during the period 1920 to 1930.
The article on page 15 presents a summary of developments
in the industry, with special emphasis on the present position
of construction work and the need for additional buildings, particularly oOhe residential and educational types.
UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ALEXANDER V. DYE. Director
SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
ROY G. BLAKEY, Chief
M. JOSEPH MEEHAN, Editor
Volume 17
APRIL 1937
Number 4
CONTENTS
STATISTICAL DATA—Continued
Pa; ge |
2 Weekly business statistics through March 27
3 Monthly business statistics:
4
Business indexes
,
5
Commodity prices
6
Construction and real estate
7
Domestic trade
8
Employment conditions and wages
9
Finance
10
Foreign trade
Transportation and communications
11
Statistics on individual industries:
12
13
Chemicals and allied products
14
Electric power and gas
Foodstuffs and tobacco
SPECIAL ARTICLE
Fuels and byproducts
15
The position of the construction industry
Leather and products
Lumber and manufactures
STATISTICAL DATA
Metals and manufactures:
New or revised series:
Iron and steel
Revised Series:
Machinery and apparatus
Table 14. Petroleum and petroleum products, 1935
Nonferrous metals and products
Table 15. New orders for steam, power, centrifugal and rotary
pumps, 1919-36
Paper and printing
Table 16. Production, shipments, and stocks of total lumber,
Rubber and products
total softwoods, and total hardwoods, 1935 and 1936
Stone, clay, and glass products
Table 17. Production, shipments, and new orders of Southern
pine lumber and production, shipments, and stocks of WestTextile products
ern pine lumber, 1935 and 1936
Transportation equipment
New Series:
Canadian statistics
Table 18. Foreclosures in metropolitan cities, annually,
1926-31, monthly, 1932-36; and nonfarm real estate, 1934-36.
General index
Page
21
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Graphic comparison of principal data .
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Transportation
Survey of individual industries:
Automobiles and rubber
Forest products
Iron and steel
Textile Industries
22
23
24
25
27
31
37
37
39
41
41
45
46
47
48
49
50
51
52
53
53
55
56
Inside back cover
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, $3. Price of the 1936 Supplement is 35 cents. Make remittances only to
Superintendent of Documents, Washington, D. C.
133105—37
1
1
SURVEY OF CURRENT BUSINESS
Apra 1937
Business Indicators
1923-25=100, except as noted
INDUSTRIAL PRODUCTION
150
125
100
75
50
25
0
y_
M l l l l '
i i i i i I 11 i i i 11 i i i i I i i i i i I 11 i i i 1 1 1 i i i
l.C. L (Act/usted)
75
50
125
100
75
50
i
H I M ! , , ,
,1
i
50
25
0 i i i i i i i
11 i i i 1 i i i i i
(Unadjusted)
TOIAL (Ac/jus fed)
(Adjusted) '
II
.
!
,
.
. . .
M M
A djusfed
25
0
i 1 1 1 1 11
11ii I i 111 i I1 i i i i I 11 i i 1 1 1 1 i 1 1 1111 i i
CASH INCOME FROM FARM MARKETINGS
100
75
50
Adjusted
25
0
I I I I I I I ! I I I I I || I I I I I I I I
CONSTRUCTION CONTRACTS AWARDED
i i
M
125
X
125
\
100
75
50
M
75
50
EMPLOYMENT (Adjusted)
1111111
,
®
DEPARTMENT STORE SALES
FACTORY EMPLOYMENT & PAYROLLS *
25
0
25
0
yv
TOTAL (Adjusted)
i iiii
Adjusted
125
100
A
25
0
i
100
75
Ac/jus fee/
FREIGHT CAR LOADINGS
125
100
RURAL SALES OF GENERAL MERCHANDISE
150
125
I I I I 11 1 I I I 11 I I I I I I I 1 I I I 11 I I I I I I I I I
111111
i 11 i i I i 11 i i 1 1 1 i i i 1 11 i i i 1 11 i i i I i i i i
WHOLESALE PRICES
125
100
75
50
ALL COMMODITIES?
25
0
1
FEDERAL RESERVE MEMBER BANK LOANS *
1 I
1 1 I I
I I i i i I i i I i i I i i i I I I I I I i i 1 i i i i
BANK DEBITS OUTSIDE NEW YORK CITY
150
125
100
75
50
.ml
1930
1935
2935
I • . , , , l , , . , , I , , , •, 1 , . , . , l
1936
ADJUSTED FOR SEASONAL VARIATION
NOTE.
REVISED
1937
0
1
u_L
11111111111111111
i M 111
1930
* REPORTING MEMBER BANKS
1935
1935
1 9 2 9 - 3 1 = 100
Indexes are based on dollar figures, except industrial production, freight-car loadings, and factory
1924 - 2 9 = 100
employment
1
1
1
1
1
1 ii
1936 1937
SURVEY OF CURRENT BUSINESS
April 1937
Business Situation Summarized
in effect during February. Automobile assemblies did
not experience as large an improvement as was anticipated at the beginning of the month as sit-down strikes
shown marked improvement over the opening quarter adversely affected the output of several companies.
Cash farm income during the first quarter was conof 1936 as is clearly indicated by the much larger volume
of industrial output, freight traffic, construction activity, siderably larger than in the opening quarter of 1936,
retail sales, and foreign trade. Industrial production, largely because of higher prices. The seasonally adfor example, was more than one-fifth larger this year justed index has, however, moved lower since the final
than in the opening quarter of 1936, although it was quarter of 1936. The Department of Agriculture's
approximately the same as in the final quarter of 1936 report on acreage intentions as of March 1 indicate that
on a seasonally adjusted basis.
farmers are planning material increases in the spring
The available weekly statistics indicate that the sowing of nearly all crops. After the short crops of last
movement of production, seasonally corrected, was year, increased production is needed to replenish supdownward in January and upward during February plies and meet the demands arising from a further expansion of consumer income.
and March.
The number at work and the volume of pay rolls
Steel production moved steadily upward during
March, with production reaching 90 percent of capacity increased materially during February. The seasonally
toward the close of the month under the influence of adjusted index of factory employment has now advanced
rising orders and the pressure for deliveries. Textile for 12 successive months, and the disparity between
mills operated throughout March at an unusually high the factory employment and pay-roll indexes (on the
level, with orders again rising sharply under the stimulus 1923-25 basis) has been reduced to about 3 percent.
of a further advance in prices. With these two key Widespread wage increases were a factor in the February
industries operating at such high rates, it is apparent change, and additional increases of this nature, plus
that the vigor of the upward movement which has the March rise in factory output, will no doubt be reextended over a period of nearly 2 years is still unim- flected in a further gain in the pay-roll total reported
paired. Production of other industrial products— for the succeeding month.
bituminous coal, petroleum, lumber, machinery and
The seasonally adjusted index of freight loadings
railroad equipment, paper, and automobiles—has advanced during March, with the indexes for all groups
either increased during March or held close to the rates except miscellaneous freight and ore moving upward.
USINESS activity expanded during March after
B
having changed very slightly from January to
February. For the first quarter of the year business has
MONTHLY BUSINESS INDEXES
Factory employment
and pay rolls
Industrial production
Unadjusted 1
MerchanTotal dise,
I. c. I.
Adjusted »
Year and month
Freight-car
loadings
©If
Retail sales,
value,
adjusted *
52
4
5
I
122
110
88
70
62
82
91
116
104
84
75
77
89
93
118
107
86
69
63
81
90
118
107
86
68
61
80
88
119
108
87
78
80
92
97
103.6
97.8
80.8
70.6
64.1
81.4
85.3
109.3
98.6
74.1
54.8
41.0
61.3
70.0
107
99
80
62
54
64
65
104
101
89
78
66
67
65
110
108
99
79
62
73
77
96
95
96
104
105
104
105
106
108
111
115
114
95
93
97
105
105
105
105
106
107
100
107
90
95
101
101
102
104
114
96
92
93
100
101
105
109
110
110
111
115
121
104
111
97
106
102
100
101
99
102
105
112
117
88.8
87.4
87.7
88.6
89.8
90.4
92.8
93.4
93.8
94.4
96.2
98.6
73.8
73.7
77.6
79.3
80.8
81.1
SO. 2
83.5
83.6
89.0
90.7
95.1
70
70
66
69
70
70
73
70
72
73
80
86
64
62
62
63
64
66
67
67
67
66
67
71
81
83
84
84
87
87
91
115
115
111
97
94
93
101
101
104
108
108
109
110
114
121
113
118
105
110
114
116
115
116
109
114
98.8
99.6
90.6
95.7
80
80
68
68
112
117
* Adjusted for number of working days.
2
od
.2*3
121
109
87
71
64
83
91
no
8
1
Monthly average, 1923-25 = 100
no
115
Cash farm
income 3
5!
I
1929: February—
1930: February—
1931: February
1932: February—.
1933: February-.
1934: February—
1935: February—
1936:
January
February
March
April__
May
June
July
August
September
OctoberNovember
December
1937:
January.
February
Foreign
trade, value,
adjusted 3
Adjusted for seasonal variation.
Monthly
Monthly
1929average,
average,
31 = 100 Monthly average, 1923-25=100 1924-29=100
1920=100
124.1
117.8
116
118
128
85.5 101.0
95.4
109.0
108.4
88
104
101
81.0 95.0
91.4
86.6
84.2
55
79
65
56.5 67.0
76.8
65.2
67.2
41
27
45
45.0 55.5
66.3
56.1
26
52.7
19
29
30.5 37.0
59.8
80.7
42
59.7
44
47
45.5 54.0
73.6
66.5
28
47
47.5 56.5
79.5
96.3
93.0
106.7
109.9
113.3
112.4
114.7
111.9
123.6
127.1
122.6
131.0
51
53
51
53
56
55
54
51
55
57
52
57
88.7
80.0
90.6
88.7
86.2
95.7
94.4
86.7
89.1
102.1
93.7
117.8
106.7
103.7
57
103.3
89.3
62
52
47
47
46
52
59
62
59
57
58
65.0
53.0
59.5
58.5
64.0
69.5
84.0
75.0
89.0
104.0
88.5
86.0
66.5
63.0
67.5
69.5
72.5
80.0
88.0
74.5
77.5
76.0
77.5
78.5
79.6
70.7
78.6
79.2
80.5
81.6
81.6
81.5
82.4
84.2
75.5
59.5
75.0
70.5
85.9
86.3
• From marketings of farm product*.
SURVEY OF CURRENT BUSINESS
April 1937
Graphic Comparison of Principal Data
i FIRST
2 MONTHS
YZZZZX REMAINDER OF YEAR
BANK DEBITS OUTSIDE NEW YORK CITY (BILLIONS OF DOLLARS)
CASH INCOME FROM FARM MARKETINGS *(BILUONS OF DOLLARS)
2
6
8
0
1937
1936
1935
1934
1933
1929
1
0
12
50
60
-5
6
SB
CONSTRUCTION CONTRACTS AWARDED (BILLIONS OF DOLLARS)
1929
STEEL INGOT PRODUCTION
0
\93ipum9 H H1 B
HV z V
/ / / / / y
/
/
/
/
/
/
'/ / / /
1
AUTOMOBILE
2
<
40
y///////
///////
i i i iliiiiiiiiiP//////// / / /
I933&BEZ27//////////
(MILLIONS OF TONS)
30
20
JO
1937
1936
1935
V777/////yy*/ / y
1934
' / / / / /
A
1933 WtFTY// y ^ / ^ \
PRODUCTION (MILLIONS OF CARS)
3
4-
//////////A
1929
FREIGHT CAR LOADINGS (MILLIONS OF CARS)
C>
10
20
30
40
5O
60
19371
1 /»\ Q A*
1 936
1935
11Q934O A
1933
1929 •
I
™—^
'y y yy yy</
/ / / / / / / / / / / / / / / / / yyyy/yyyyi s/yyyyyyyA
INCLUDES BENEFIT PAYMENTS BEGINNING AUGUST 1933, AND AGRICULTURE CONSERVATION PAYMENTS BEGINNING OCT. 1936
0.D.9O28
SURVEY OF CURRENT BUSINESS
April 1937
Commodity Prices
attention has been focused on the comINCREASING
modity markets by the rapid advance in prices during
recent weeks. This advance is an extension of a general
rise in prices which dates from the final quarter of 1936,
although the current upward movement may be considered to have extended back to May 1936 when it
became apparent that the trans-Mississippi drought
would materially reduce agricultural output. Thus,
the upward movement over about half of the period
subsequent to May 1936 reflected, primarily, rising
agricultural prices; the more recent phase has been the
result of broader influences, of which the following are
important but not all-inclusive: Increasing business
activity, mounting costs of production, and the heavy
demands for raw materials resulting from increased production of finished manufactures as well as to widespread
armament programs in Europe and elsewhere. Undoubtedly some speculation has been present.
From the beginning of the year to March 20 the
Bureau of Labor Statistics' index of wholesale prices
rose 3.4 percent. While higher prices prevailed in
practically all groups, the most pronounced increases
were recorded for metals and metal products (6.8 percent), building materials (6.7 percent), house-furnishing
goods (6.5 percent), miscellaneous (5.2 percent), and
farm products (4.4 percent). Spectacular advances of
individual commodities in the first quarter, which are
concealed in the group totals, were in prices of such
basic commodities as steel scrap and the nonferrous
metals—copper, lead, tin, and zinc. Other prices rising
somewhat less sharply were those for cotton and cotton
clothing, rubber, furniture, pulp and paper, meats, shoes,
fruits, and vegetables. On the other hand, declines
have occurred during the quarter in prices of anthracite,
raw silk, wool, hogs, eggs, sugar, lard, cottonseed oil,
and oats (the latter three, however, showed upturns in
March).
The extent of the rise experienced since May 1936
may be more readily appreciated when it is stated that
the Bureau of Labor Statistics' index of 784 commodities
or price series has advanced 12 percent, with raw materials and semifinished products up 20 percent on the
average. Copper and lead have advanced more than
60 percent, wheat and hides over 40 percent, and cotton
nearly 30 percent.
The advances in primary markets have been reflected
only partially in the retail price and cost of living indexes available through February. Food prices, generally, changed very little during that month after having
advanced 2 percent in January, but a further rise
occurred in March. Fairchild's retail price index has
moved upward each month since last June, and during
the past 6 months the advance has averaged about 1
percent each month.
IS-
INDEXES OF COMMODITY PRICES
%
3
B
fa
100
_.
Mav
June
July
August
September
October
November
December.
1937:
January
February
. _
95.4
91.4
76.8
66 3
59 8
73.6
79.5
94.3
91.5
80.3
71.4
65 7
77.0
81.5
98. 1
91.8
70.6
56.9
48 4
66.0
77.4
94.6
89.4
73.0
61.9
56 3
74.8
71.7
80 6
80 6
79 6
79.7
78 6
79.2
80.5
81.6
81.6
81 5
82.4
84.2
82 4
82.2
81.3
81.6
80 5
80.7
81.6
82.4
82.3
82 0
82.6
83.8
78 1
79.1
77.4
77.0
75 8
77.6
79.8
81. 5
81.8
82 1
83.1
85.6
74 8
74 6
74.4
74.5
74 1
73.9
75.2
75.6
75.9
76 2
78.6
82.3
78 2
79 5
76 5
76.9
75 2
78.1
81.3
83.8
84.0
84 0
85.1
88. 5
85.9
86.3
84.9
85.4
88.1
88.3
85.4
85.5
1 Middle of month.
105. 4 102. 0
98 0 89 0
70.1 60.4
50 6 46 1
40 9
61.3 63. 2
79.1 87.4
98.11
95 8
78.0
G2 5
53 7
66. 7
82.7
102. 3
105 1
83. 6
59 5
50 2
53.3
87.9
91.9
89 0
78.3
71 3
66 0
78.7
77.4
95.9
94 0
82.5
73 4
69 8
86.6
85.0
95.7
92 3
83.3
75 5
71 3
75. 5
80.4
82.9
80 9
72. 5
68 3
63 6
72.4
72.5
83 5
83 2
80 1
80. 2
78 0
79.9
81.4
83.1
83.3
89 6
83.9
8T 5
94 9
92 1
89 7
91.0
85 1
85.1
84.9
86.4
87.3
84 4
85.2
87 2
78 8
78 9
78.9
78 8
78.8
79.5
79.7
79.6
80 1
81.0
82 2
85 7
85 5
85 3
85.7
85 8
85.8
86.7
86.9
87.1
87 3
87.7
89 5
80 5
80 1
79 3
78, 5
77 7
78.0
79.4
79 8
81.7
82 2
82. 5
85 3
75 1
76 1
76 2
76.4
76 0
76.1
76.2
76 3
76,1
76 8
76.8
76 5
91 3 113 0 87 1
91.4 111.5! 87.0
90 6
90.3
83 4
84.1
91 3
93^3 87.8
78 9
78 3
75 6
73.9
70 6
73. 0
88.9
102. 4
102. 0
102 1
102.9
109 0
7Q 0
2
1
U
©2
.A a
II
I
0
fa
Dec.
Mo.
Mo.
Mo.
average, average, average,
(Jan.
1,
1923 = 1909-14 1923-25
Monthly average, 1926=100
1929: February
1930: February
1931: February
1932: February,.
1933: February
1934: February
1935: February
1936:
January
February
March
April
(Department
Labor) *
5
03
0
ods
sceilaneous
»tals and metal
products
3
fa
use-furnishing
goods
el and lighting
emicals and drugs
t
3es and leather
oa
rm prices, combined ndex
onimodities (Departitnent
Lgriculture)
O
Te xtile products
eS
ilding materials
fa
her than farm
0ducts and foods
&C
ods
rm products
3
ains
mimanufactures
Groups and subgroups
w materials
Year and month
lished products
mbined Index, 7
mmodity quotation
Economic classes
Retail Prices
st of living (National Ind
trial Conference Bo ard)
Wholesale Pisces (Department of Labor)
108.9 93.8 100.6 92.3 82.7
93 6
88.1
77 5
72 3
81.0
80.7
96 9
86.5
80 9
77 4
87.0
85.8
86 4
70.9
59 5
51 2
76.9
70.1
81 2
71.5
64 7
59 2
68.5 j
70.1
97 1 81 4
96 1 81 5
94 9 81 4
9 1 fi SI. 5
Q
4 0 81 5
93.8 81.4
93.4 81.2
93 6 81,4
94.6 81,7
95 6 82 0
97.0 82.3
99 7 83 2
86 7
86 7
86 6
86.6
86 3
86.2
86.9
87.1
86. 8
86 9
87.9
89 6
71 7
71 0
70 8
70.2
69 8
69.7
70.5
70,9
70.9
71 6
73.5
76 3
67 8
68 1
68 3
103 9
86.9
78 3
fjS 0
89.6
86.0
68,6
69 2
69.7
71.0
71 5
71.3 i
71 5
7;i 4
74 5
76 6 101 7 86 5 90 9 77 5 76 2
7 O 102.7 87^9 91.7 77.5 77.3
Index is as of the 1st of the following month.
= 100
= 100
1931) =
100
99.7
99 0
90.1
80 3
72 2
78.5
82.0
145
140
95
68
55
83
111
102. 3
103 4
86.0
70 5
60 1
72.5
79.7
96.3
80 1
69 9
89.5
86.6
83 9
83 5
83 2
83.4
83 8
85.1
85.2
85.6
85.9
Si)! 8
86 1
109
109
104
105
103
107
115
124
124
121
120
126
81 7
80 6
79 5
79.7
79 9
83.8
84.0
84. 0
84. 3
82 8
82.5
82 9
88 3
88 3
88 1
88. 1
88 1
87.9
88.1
88.5
89.3
90 0
90^8
91 7
86 9
87.2
131
127
84 6
93 0
93.7
SURVEY OF CURRENT BUSINESS
April 1937
Domestic Trade
trade during March was stimulated by
In view of the widespread interest in the amount of
R>ETAIL
> the advent of the spring buying period and the inventories held by industrial concerns, it is pertinent
early date of Easter. Preliminary reports indicate
that sales during the month were well above last year's
level, but sufficient data are not yet available to indicate whether the increase over February was more
than seasonal. For the first quarter of the year, total
retail sales were more than 10 percent in excess of those
in the opening quarter of 1936.
The rise in prices has been a factor contributing to
the increase in dollar volume during the opening quarter.
Quotations for the first 3 months of 1937 of nonfood
items, as measured by the Fairchild retail price index,
averaged more than 5 percent higher than in the corresponding period of 1936. The retail food index of the
United States Department of Labor shows an increase
of similar proportions.
In February, department store sales increased by
more than the seasonal amount, the adjusted index
advancing 2 points to 95. Variety store sales also
experienced a more-than-seasonal gain from January to
February. General merchandise sales in rural regions
in February did not keep pace with the gain in city
sales, the seasonally adjusted index moving lower for the
second successive month.
Dollar sales of new passenger cars in February were
lower than in January because of the drop in General
Motors' sales. That corporation no doubt will report a
good increase for March which, together with the seasonal increase for other makes, should be reflected in a
marked recovery in total sales for that month.
to review the information now available from the balance
sheets of leading corporations. The data on stocks presented regularly in the Survey, e. g., the indexes of
domestic commodity stocks and department store
stocks, do not indicate a general increase of the physical
volume of commodity stocks during the past year.
Recently the Division of Economic Research undertook the tabulation from the available corporate
balance sheets of the inventory figures as of the end of
1936 and 1935. Taking the companies in groups of 100
it was found that the increase for each group tended to
approximate 12 percent. Standard Statistics, Inc., has
now issued an independent tabulation for about 700
companies (about 250 more than was included in the
Division's tabulation) and this larger number also
yields a percentage increase in aggregate inventories
of 12 percent. This rise is no more than would be
expected from the increased volume of sales and the
increase in prices during the year. For 339 companies
which reported both sales and inventory data, Standard
Statistics found that the ratio of year-end inventories
to the preceding year's sales was identical for both 1935
and 1936.
The data carried monthly in the Survey do, however,
indicate a large increase in the volume of new and
unfilled orders in many lines during the past 6 months
of sharply rising prices, which may reflect some anticipatory purchasing by industrial concerns with a
consequent increase in inventories since the end of 1936.
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Department stores
Year and m o n t h
Chain-store sales
Sales
Stocks 3
Unad- Adjust- justed^
ed »
Unad- Adjust- Justed
ed »
Monthly average, 1923-25=100
1929: February1930: February.
1931: February1932: February.
1933: February1934: February1935: February..
1936:
January
February--March
April..
May-——
June
July
August
September. .
October
November-.
December. 1937:
January
February,.
Rural sales of
general mer- New passenger-car sales
Comchandise
Variety stores
bined
index
Ad- l T nad-| Ad- Unad- Ad(Chain Unad- justjust- just- just- justStore Age) justed a
ed J
ed i
ed »
ed i
ed i
Avg. same
mo. 192931 = 100
Employment
Monthly average, 1929-31=100
Pay
rolls
79.4
90.7
95.8
103.2
100.9
94.4
86.9
78.5
87.5
90.8
106.6
98.1
76.2
60.8
50.8
73.1
82.0
117.8
108.4
84.2
67.2
56.1
80.7
90.6
111.4
94.6
59.7
36.8
27.8
45.7
72.7
136.5
114.5
72.5
44.0
33.0
54.5
86.5
58
62
67
68
67
62
59
65
71
76
80
66
96.5
99.4
101.2
102.0
103.0
108.0
109.6
109.0
110.0
109.5
111.0
113.0
67.7
73.5
80.3
95.7
96.8
98.8
97.2
86.5
97.8
100.4
104.5
195.7
90.8
88.0
93.3
95.2
96.8
104.0
109.2
97.7
102.4
98.9
103.0
106.1
79.9
84.2
99.2
105.5
106.5
106.2
88.3
96.2
122.3
155.1
150. 8
186.1
96.3
93.0
106.7
109.9
113.3
112.4
114.7
111.9
123. 6
127.1
122.6
131.0
69.3
65.5
117.8
142.3
138.6
139.3
117.3
92.9
71.0
56.5
113.1
130.4
102.0
89.5
101.0
93.5
93.5
109.5
104.5
92.0
83.0
85.5
151.0
175.0
85.6
85.0
85.6
85.7
84.fi
84.6
85.4
86.3
88.0
89,0
89.7
91.0
66.6
66.6
69.0
67.9
68.2
68.4
69.0
69.7
70.5
71.5
73.1
72.8
66
72
106.4
109.0
70.3
81.3
94.4
97.4
88.6
93.8
106.7
103. 7
90.1
87. 5
129.5
143.0
90.8
92.2
72.7
74.0 1
110
108
99
79
62
73
77
95
93
81
69
54
63
61
63
66
77
85
89
84
63
68
94
99
105
161
81
83
84
84
87
87
91
86
88
90
93
92
73
7fi
93
95
» Adjusted for number of working days.
100
98
86
73
57
66
64
1
Adjusted for seasonal variation.
3
Fail-
Liabilities
Monthly aver- Num- Thousands
age, 1929=100 | ber of dolls.
96.4
96.9
98.4
98.1
87.6
87.1
79.7
70.1
2,367
63, 694
72.4
55.1
1,017
16, 772
81.2
61.0
84.6
64.6
956
15, 217
86.2
84.3
78.9
72.6
65.6
73.0
75.8
91
89
81
64
49
59
61
Commercial
failures
End of month*
1,077
856
946
830
832
773
839
655
586
611
688
692
18,104
14, 089
16, 271
14,157
15,375
9,177
9,904
8,271
9,819
8,266
11,532
12, 288
811
721
8,661
9,771
SURVEY OF CURRENT BUSINESS
April 1937
Employment
MPLOYMENT and pay rolls in the manufacturing
E
and nonmanuf acturing industires surveyed monthly
by the Bureau of Labor Statistics recorded a marked
increase in February. Approximately 225,000 more
workers were employed in these industries than in the
preceding month, and the gain in comparison with
February 1936 amounted to about 1,560,000 workers.
Total weekly pay rolls were more than $12,700,000
higher than in January and nearly $62,600,000 higher
than a year ago.
In manufacturing industries the increase in employment in February more than offset the decline recorded
in the preceding month, so that the number at work
reached the highest total since December 1929. The
rise was larger than is usual for this period, the adjusted index advancing 0.8 of a point to 99.6 (1923-25 =
100). This was the twelfth consecutive monthly gain
in the adjusted factory employment index.
Of the 89 manufacturing industries reporting, 76
reported an increased number of workers and an equal
number had larger pay rolls in February. Both durable
and nondurable goods industries contributed to the rise
in employment, although those in the former group
recorded the largest relative gains. Increases of much
more than seasonal proportions were reported for the
following industries: Steam and electric railroad car
building (17 percent); stoves (13 percent); locomotives
(12 percent); engines-turbines-tractors (8 percent); and
agricultural implements (7 percent).
Ten of the 16 nonmanuf acturing industries from
which data are collected each month showed employ-
ment gains in February as compared with January.
The largest absolute gain was that reported for wholesale trade, in which the number at work increased 1.6
percent. Metal mines expanded their forces again in
February, the gain over the preceding month continuing
the almost unbroken succession of monthly increases
which have been registered since July 1935. Employment in retail trade followed the usual seasonal pattern
in February, a decline of six-tenths of 1 percent from
January being recorded. In private building construction, employment declined by less than the usual
seasonal amount.
Wage rate increases in recent months have added materially to weekly pay rolls. According to data based
on the returns of practically all firms reporting regularly
to the Bureau of Labor Statistics, wage rate increases
were reported for approximately 250,000 factory
workers and 25,500 employees in nonmanufacturing
industries between January 15 and February 15. The
largest proportion of employees in the latter group
were in the metalliferous mining industry, in which
wage increases affected about 15,800 workers.
Industrial disputes have been frequent of late as the
sit-down technique spread to include all types of industry—from retail stores to large manufacturing
enterprises. While the aggregate number of persons
involved, outside of the motor industry and the Michigan area generally, at any one time has not been particularly large, the strikes have in most instances resulted
in a complete halt of the operations of individual
business enterprises.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and payrolls
Nonmanufacturing employment and pay rolls
(U. g. Department of Labor)
TradeElectric light Telephone
union
and power
Anthracite
Bituminous
Pay
and teleEmployment
Retail trade memand
manumining
coal
mining
rolls
graph
factured gas
bers emYear and month
ployed
Em- Pay
EmEmEmEmUnad- Ad- Unad- ployploy- Pay ploy- Pay ploy- Pay ploy- Pay
justed justed' justed ment
rolls ment
ment
ment
rolls
rolls
rolls ment rolls
Percent
Monthly average,
of total
Monthly
average,
1929=100
1923-25=100
members
1929: February..
1930: February..
1931: February..
1932: February..
1933: February..
1934: February..
1935: February..
1936:
January
February.-.
March,
April
May
June
July
August
September..
October
November..
December...
1937:
January
February..
Common
labor
rates
(road
building)
.587
.592
.573
.527
.462
.558
.595
Cents
per
hour
37
39
36
33
32
42
39
23.40
23.14
23.67
24.33
24.41
24.45
24.23
24.66
25.11
25.51
25.83
26.64
.611
.613
.616
.617
.617
.616
.619
.619
.624
.636
40
38
37
38
42
42
42
41
42
42
41
39
26.11
26. 64
.638
.643
Dollars
102.9
97.1
80.1
70.3
63.7
81.1
85.1
103.6
97.8
80.8
70.6
64.1
81.4
85.3
109.3
98.6
74.1
54.8
41.0
61.3
70.0
106.0
106.9
89.5
71.2
58.7
63.2
64.4
122.1
121.5
101.9
57.3
56.8
65.8
64.3
107.7
102.4
91.5
77.4
69.3
76.1
81.1
116.6
102.1
68.3
47.0
37.2
54.6
66.1
92.6
98.8
97.8
87.2
77.4
81.2
82.2
91.8
100.4
99.7
86.0
71.6
74.4
78.3
95.3
100.2
89.2
82.0
73.9
69.8
70.0
93.0
101.9
94.8
89.6
71.9
67.9
72.9
95.4
97.3
89.3
78.3
70.4
79.6
79.2
95.1
97.7
86.4
69.1
51.8
58.8
59.3
85
78
73
69
66
74
76
28.84
27.68
24.15
19.63
16.23
19.86
22.14
86.8
86.9
87.9
89.1
89.8
90.1
91.2
93.5
95.5
96.7
96.9
98.1
88.8
87.4
87.7
88.6
89.8
90.4
92.8
93.4
93.8
94.4
96.2
98.6
73.8
73.7
77.6
79.3
80.8
81.1
80.2
83.5
83.6
89.0
90.7
95.1
59.1
61.2
52.5
49.8
54.9
51.2
48.4
41.1
47.6
49.9
51.5
54.8
54.4
76.7
42.6
28.6
56.3
42.0
37.2
31.4
34.9
48.5
40.3
55.4
79.8
80.2
80.4
77.5
76.2
75.7
75.5
76.9
78.2
81.1
82.3
83.9
70.6
78.4
70.2
62.6
62.2
61.5
62.6
65.4
71.0
79.2
80.7
84.9
86.1
86.1
86.8
88.0
89.0
90.4
91.7
93.1
93.5
94.0
93.5
93.2
84.8
84.7
85.9
86.2
87.0
88.1
89.8
89.8
91.4
92.7
91.8
94.1
70.1
69.9
70.2
70.8
71.6
72.1
73.1
73.5
73.7
73.8
73.7
73.6
75.0
76.2
77.2
76.0
78.5
77.4
79.9
81.2
78.8
83.1
81.6
82.4
80.4
79.7
81.9
85.2
85.0
85.5
83.2
82.4
86.6
88.7
90.1
100.0
62.1
61.6
63.5
65.3'
65.8
66. 4'
65. V
64.4
66.6
68.3
70.1
75.6
78
78
79
82
83
83
83
86
87
88
88
86
96.5
98.9
98.8
99.6
90.6
95.7
54.1
52.7
42.7
41.0
84.4
84.8
80.0
82.4
92.1
91.9
92.1
92.5
74.4
74.8
84.0
82.2
86.3
84.9
68.0
87.7
85
«f»
i Adjusted for seasonal variation.
Wages
Factory
(National Industrial Conference
Board)
Average Average
hourly
weekly
earnings earnings
39
SUKVEY OF CURRENT BUSINESS
April 1937
Finance
T
HE combined circumstance of sharply rising commodity prices and weakness in Government bond
prices has during recent weeks directed the attention of
financial markets to the prospects of rising long-term
money rates. A series of precautionary statements,
begun by President Roosevelt on March 9, when he
warned against the possible recurrence of the dangers of
1929, found a summary appraisal in a statement issued
on March 15 by Chairman Eccles, of the Board of
Governors of the Federal Reserve System. Viewing
recent price rises in certain basic commodities as due
to nonmonetary factors, Mr. Eccles suggested the need
for nonmonetary controls instead of restrictive credit
policies. He indicated that "with the ample reserves
of the Federal Reserve banks, additional supplies of
money can be made available when needed to finance
expanded production at reasonable rates by the purchase of Government securities in the open market."
Although the weekly reporting member banks in 101
leading cities have steadily diminished their holdings of
direct Government obligations since the early part of
January, the volume and assumed purpose of such
liquidations were not such as to attract unusual attention until the week ended March 17 when this class of
assets declined $196,000,000 from the total for the preceding week. The volume of liquidation, together
with sharp gains in the prices of several basic commodities and the evidence of firming long-term money rates
in Great Britain resulting from the rearmament program, directed attention rather sharply to the dangers
of inflation, and at once made the subject one of
critical appraisal in both official and private quarters.
In the 4-week period ended March 17, the total loans
and investments of the reporting member banks increased $109,000,000. Loans to business, or the socalled "other loans", increased $188,000,000, while
security loans and investments in other securities
increased $155,000,000 and $16,000,000, respectively.
For the reporting member banks in New York City,
the total of loans and investments rose $153,000,000,
indicating that loans and investments for the reporting
member banks outside of New York City showed a net
decline for the period. The decrease in the holdings
of Government securities (direct and fully guaranteed)
of $276,000,000 by the reporting member banks reflected in the main (1) the necessity of meeting the
increased reserve requirements of 16% percent that
became effective on March 1, (2) the anticipation of the
March 15 tax payments, and (3) a decline in the highgrade bond market and a general readjustment in
values to a higher yield basis.
Prices of Government securities dropped steadily
during March as did the prices of other high-grade
bonds. The average prices of the 40 bonds in the
Dow-Jones index had been falling steadily since February. In the stock market railroad shares showed
exceptional strength, partly in reflection of the agreements reached between management and labor. Industrial shares continued to move higher until the close of
the first week of the month, and then broke sharply;
the public utility shares continued their lethargic
decline.
FINANCIAL STATISTICS
Year and m o n t h
Bank
debits
outside
New
York
City
Reporting m e m b e r
banks,
Wednesday
closest to end of
month
Loans
on
securities
Other"
loans
Investments
Federal
Reserve
bank
credit
outstanding,
end of
month
Excess
reserves
of
member
banks,
end of1
month
Net
gold
imports
Money
inin
cluding circugold
lation
released
from
earmark »
New
York
State
1
24, 489
21, 508
17, 084
12, 870
10, 401
11, 784
13,111
7, 573
,641
7,313
5,440
4,234
3,715
3,105
17, 499
15, 766
17,867
17,497
16,998
18, 882
18, 617
17,106
17,586
20,142
18, 475
23, 238
3,128
3,117
3,313
3,304
3,486
3,319
3,173
3,177
3,242
3,179
3,205
3,326
20, 383
17,620
! 11926=100! Dollars
Thous.
of dollars
Dollars
25.4
60.0
18.6
-64.2
-169.4
521. 2
123^0
4,399
4,267
4,311
5,340
5,605
5, 339
5,439
4,423
4, 436
4,928
5,242
5,269
5,076
5,147
155
168
292
693
1,007
1,200
1,205
186.5
165.5
119.8
56.5
44.9
80.9
68.0
97.02
97.27
96.67
82 02
79.07
90.12
93.35
869, 743
469, 880
201,460
73,932
19, 650
81, 060
50,118
3.05
2.64
1.76
1.16
1.15
1.29
2,479
2,482
2,473
2,475
2,474
2,473
2, 462
2,470
2,473
2,476
2,453
2,500
3,084
43.9
2,986 . -26.1
2,305
6.4
2,664
27.9
2,866
166.7
2,717
253.0
3,029
17.7
1,950
55.5
1,840
143.0
2,175
207.6
78.8
2,236
56.3
1,984
5,757
5,779
5,857
5, 892
5,918
6,062
6,203
6,191
6,258
6,321
6,401
6, 563
5,177
5,177
5,204
5,175
5,165
5,210
5,197
5,197
5,223
5,210
5,201
5,246
1,208
1, 214
1, 216
1,215
1,214
1,232
1,244
1,249
1,251
1,255
1,257
1, 2C0
100.1
106.1
108.7
108.9
101.0
105.6
109.2
113.0
114.1
118.7
124.2
123.1
96.16
97.22
97.26
96.69
97.38
97.63
98.19
98.81
99.27
99.41
100.55
100. 76
124. 004
107,030
129,543
176,677
112,587
219,686
103,164
218, 074
179,487
189,512
158, 071
265,850
1.42
1.45
1.46
1.47
1.50
1.51
1.58
1.64
1.67
1.70
1.98
2.03
2,497
2,465
2,152
2.078 !
6,400
6, 369
5,244
5,248
1,266 i
1,270
126.4
120.5
100. 05
99.83
248, 526
168,188
2.04
2.04
3,270
5, 972
5,575
7,183
6, 935
8,196
9,785
11,520
1, 510
1,140
926
1,709
2,794
2, 567
2, 465
3, 304
3,281
3,495
3,485
3,586
3,619
3,600
3,749
3,949
4,033
4,068
4,290 '
12,996
13,047
13, 229
13,452
13,522
14,159
14,084
13,809
13,929
13.796
13, 647
13,742
3, 238 4,100
3,280 L \n
13, 638
13, 597
Net exports of gold and deficiencies in reserves indicated by (—).
New
capital
issues
Average
Interest
divirates,
dend
comper
mercial
share
paper
(600
(4-6
com- months)
panies)
Stock
prices
(419)
Standard
Statistics
Postal
Savings
Millions of dollars
1929: February1930: February.
1931: February.
1932: February.
1933: February.
1934: February.
1935: February.
1936:
January
February
March
April
May
June
July...
August
SeptemberOctober
November. _
December..
1937:
January
February._
Bond
prices,
New
York
Stock
Exchange
(domestic)
Savings
deposits
-3
31
1,146
2,199
73.0
120.3
Percent
2H-2
3M-4
9
SURVEY OF CURRENT BUSINESS
April 1937
Foreign Trade
T
HE unusual increase in both imports and exports
in February was in part the result of the resumption of normal shipping operations on the west coast
following the settlement of the 3-month-old maritime
strike late in January. The value of imports was 16
percent larger in February than in January, while the
value of exports was 5 percent larger; the increases over
the corresponding month of 1936 were 44 and 28
percent, respectively.
Commodity price increases, of course, have exercised
an important influence on the value of our foreign
trade in recent months. This situation is particularly true in the case of imports. Adjusted for price
changes, the increase in February imports over those of
February 1936 was 24 percent and that for exports
21 percent.
In addition to the increases in exports of Pacific
coast products such as fish, fruits, and lumber in
February, raw cotton exports were 18 percent larger in
quantity than in February 1936. For the first 7
months of the crop year (August-February, inclusive)
cotton exports were considerably less in quantity than
in the corresponding period of the preceding year, but
the drop in value was not so large owing to the higher
average price realized.
Exports of finished manufactures continue to record
marked gains. The value of such products in February
exceeded that of the same month a year ago by 33
percent, and was the highest for any month since
February 1931.
With the exception of inedible vegetable products,
all major groups of exports recorded gains in value in
comparison with the corresponding totals in 1936. The
metals and manufactures group showed the largest
relative increase—73 percent. Iron and steel products
increased from $9,387,000 to $15,751,000, and copper
from $3,699,000 to $7,329,000. In the machinery and
vehicles group, which in the aggregate increased 26
percent in value, electrical machinery and apparatus
rose from $6,170,000 in February 1936 to $8,003,000
in February 1937; industrial machinery from
$12,288,000 to $14,965,000; agricultural machinery
and implements from $2,748,000 to $4,522,000; and
automobiles, including parts and accessories, from
$22,139,000 to $25,974,000.
All classes of imports showed pronounced increases
in value in February as compared with the corresponding month in 1936. Those in the crude materials and
crude foodstuffs groups were the largest. Vegetable
food products and beverages increased 27 percent,
principally as a result of larger imports of grains and
preparations, and the higher prices of cocoa and coffee.
Both of these latter commodities, however, were imported in smaller quantity. A marked increase in
imports of textile fibers and manufactures occurred
over the year interval. The inedible vegetable products group reflected the sharply higher imports of
rubber and flaxseed, while the gain in inedible animals
and animal products resulted from larger imports of
furs and manufactures.
EXPORTS AND IMPORTS
Indexes
Year and month
ExValue Value ports,
inof
of
total total cluding
eximports, ports, reexports
adadjusted^ justed1
Crude
materials
Total
Raw
cotton
Total
Finished
manufactures
Food- Semistuffs, mantotal ufaetures
Monthly average, 1923-25 = 100
1929: February.
1930: February.
1931: February.
1932: February.
1933: February.
1934: February.
1935: February.
1936:
January
February._.
March
April
May
June..
July..
August
September..
October
November. _
December..
1937:
January
February._
Imports i
Exports of United States merchandise
Total
AutomoMa- biles,
chin- parts
and
ery
accessories
Total
Crude Food- Scmimanmaterials stuffs ufactures
Finished
manufactures
Millions of dollars
128
101
65
45
29
47
47
116
88
55
41
26
42
48
441.8
348.9
224.3
154.0
101.5
162.8
163.0
434.5
342.9
220.7
151.0
99.4
159. 6
160. 3
92.3
67.7
47.7
52,6
31.8
54.1
45.0
64.1
38.8
25.4
37.3
20.6
37.6
27.1
63.7
46.8
29.5
22.8
12.8
19.6
16.3
61.0
45.2
27.4
18.3
13.2
24.5
25.5
217.5 I
183.2
116.1
57.3
41.5
61.4
73.6
46.0
57.1
43.9
13.7
8.5
14.6
18.8
59.8
31.1
16.2
7.4
6.3
13.2
20.5
369.4
281.7
174.9
131. 0
83.7
125.0
152.2
137.8
98.6
56.4
37.3
21.1
37.0
45.1
86.9
59.8
45.9
37.8
30.0
38.3
51.8
69.9
59.0
31.5
24.1
13.6
22.2
29.1
74.8
64.3
41.2
31.8
19.1
27.5
26.3
51
53
51
53
56
55
54
51
55
57
52
57
57
60
55
58
58
62
65
62
70
64
61
76
198.0
181.8
194.8
192.6
200.7
184.9
179.8
178.3
220.1
264.7
225.8
229.7
195.1
179.2
192.1
189. 4
196.9
180.6
176.4
175.6
217.5
262.0
223.3
226.6
59.8
50.1
44.5
40.4
42.6
39.3
30.4
38.1
72.8
100.4
82.2
67.4
35.7
26.6
26.3
22.8
22 9
IQ! 7
10.8
12.4
38. 2
58.4
47.0
40.2
15.9
14.8
16.8
14.2
15.9
14.5
15.0
19.7
23.3
24.9
13.7
13.1
28.6
28.3
32.1
33.8
35.1
34.1
33.3
32.3
31.9
36.7
32.8
34.9
90.8
86.1
98.7
101.0
103.2
92.7
97.7
85.5
89.5
100.0
94.6
111.2
25.5
24.6
27.9
30.7
29.6
26.0
29.3
25.2
27.3
31.8
26.4
30.8
22.1
22.1
24.0
23.0 j
22.5
19.1
16.9
12.4
12.5
15.8
21.2
28.8
186.4
189.6
194.3
199.8
188.4
193.6
196.5
200.1
218.4
213.2
200.4
239.8
58.4
58.6
57.7
62.1
55.1
54.6
56.0
61.7
69.4
62.8
61.2
75.4
55.3
60.3
63.6
65.7
55.8
59.0
59.3
56.3
64.2
61.3
58.3
73.3
39.7
40.1
36.1
37.6
38.5
43.1
42.7
40.8
40.8
40.5
40.6
49.0
33.0
30.6
36.8
34.4
39.1
37.0
38.6
41.4
43.9
48.6
40.2
42.2
57
67
74
87
221. 6
232.5
217.9
229.1
60.6
54.4
37.5
34.1
13.1
22.5
34.2
37.9
110.1
114.2
31.5
31.5
27.6
28.0
228.7
260.3
77.0
90.9
68.4
76.3
46.5
52.2
36.7
40.9
1
Adjusted for seasonal variation.
http://fraser.stlouisfed.org/
13.'ilO5—37
2
Federal Reserve Bank of St. Louis
' General imports through December 1933; imports for consumption thereafter.
10
SURVEY OF CURRENT BUSINESS
April 1937
Transportation
L
OADINGS of revenue freight customarily increase
J during March, but the rise this year has been somewhat more than seasonal, despite the adverse influence
of industrial disputes in some areas. The adjusted index of carloadings for March will show a gain of several
points over the February figure of 80 (1923-25=100).
The gain in March loadings represents an acceleration
of the upward tendency which has been in effect since
the end of January, when traffic began to recover from
the effects of the flood and the General Motors strike.
The increase in loadings over the corresponding period
of 1936 has widened sharply in recent weeks, but this
has been partly a result of the drop in loadings in March
1936 caused by floods and the decline in coal shipments
with the advent of milder temperatures in that month.
The coal movement this year has been unusually heavy,
reflecting to some degree the building up of stocks in the
hands of distributors and large consumers.
During the first 20 days of March, the only declines
in daily average loadings from those of February occurred in coke, and in grain and grain products. The
adjusted index of coal loadings rose to the highest level
since early in 1930. The advance in 1. c. 1. loadings approximated the usual seasonal amount, while miscellaneous loadings gained slightly less than is customary.
Gross revenues of the railroads increased in March
with the improvement in traffic volume, thus reversing
the downward tendency noted during the first 2 months
of the year when revenues were cut by flood losses and
the elimination of the freight rate surcharges. In February, the gain in revenues over those of a year ago narrowed to approximately 6 percent, as compared with 11
percent in January and 26 percent in December 1936,
according to data for roads which in February last year
accounted for about four-fifths of all operating revenues.
In February, the Eastern District recorded a gain of
only 2.2 percent in revenues over the corresponding
month of 1936, while the Southern Region showed a
gain of 10 percent and the Western District a rise of 12
percent.
The railroads continued to order a large volume of
equipment during March. Locomotive orders for the
first 3 weeks totaled 34, about the same as for the full
month of February. For the year to date, freight-car
orders have totaled 27,000, the largest first-quarter
business in any year since 1930.
On March 16 it was announced that the railroads and
the railroad unions had reached an agreement to seek
old-age pension legislation to supersede the acts now
being contested in the Circuit Court of Appeals for the
District of Columbia. Among other differences, the
proposed new legislation, which has yet to be submitted
to Congress, will provide for pay-roll taxes shared
equally by employer and employee starting at 5 percent
per year and increasing at the rate of an additional half
of 1 percent each 3 years to 7 percent at the end of 12
years. Under the old plan, a tax of 7 percent was applied from the inception of the plan.
RAIL AND WATER TRAFFIC
Freight-car loadings
F. R. index
Year and month
Unad- Adjusted' justed:
Total
Pullman
Freight- passencar
Grain
MerMisgers
Coal Forest
and Live- chan- Ore cel- surplus carand prodstock dise
laried
coke ucts products
neous
Lcl.
Monthly average, 1923-25=
100
1929: February.
1930: February.
1931: February.
1932: February.
1933: February.
1934: February.
1935: February.
1936:
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..
1937:
January
February..
Operating
revenues
Canal traffic
Net railNew
way op- Sault
Ste. York Panaerating Marie
ma*
State
income
Thousands of
dollars
Thousands of Thous.
of long
short tons
tons
102
107
99
80
62
54
64
949.3
876.7
709.6
557.2
491.4
588.7
582.6
220.2
177.4
143.1
112.4
127.4
161.6
147.3
61.4
57.7
34.0
19.8
14.0
22.2
25.5
46.4
43.9
41.2
34.2
26.0
29.5
26.4
25.9
25.2
20.9
18.3
14.9
14.9
12.0
245.0
238.1
211.8
184.0
154.7
156.9
153.1
9.7
8.6
5.5
2.7
1.9
3.2
3.8
340.8
325.8
253.0
185.8
152.6
200.5
214.5
217
440
651
722
650
375
320
2,555 470, 419
2,379 423,194
1,919 332,839
1,424 264, 224
952 212,154
1,132 248,457
1,204 254,928
83, 287
58,401
27,022
21,614
10,134
29, 421
26,296
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,138
1,058
864
628
623
979
708
70
70
594.9
628.0
604.7
636.2
670.4
696.8
706.4
740.2
765.3
819.1
753.4
693.9
162.0
193.6
112.5
118.2
119.6
114.9
117.2
129.7
142.4
168.7
167.4
167.4
26.5
26.4
30.5
30.3
32.3
34.7
32.7
36.1
34.7
35.7
34.0
33.0
30.2
30.1
34.0
30.6
31.1
34.9
52.9
43.3
31.8
32.2
32.8
32.5
12.8
10.3
11.9
12.4
12.3
11.8
12.9
15.4
18.2
21.9
19.2
14.8
142.8
145.1
155.6
161.8
158.9
162.2
157.0
165.6
165.8
171.2
162.7
158.1
5.6
5.7
6.0
8.9
214.9
216.8
254.2
274.0
278.7
287.9
281.3
295.2
315.9
336.7
308.9
279.7
231
171
205
179
185
170
147
146
125
112
121
133
1,533
1,359
1,312
1,353
1,295
1,430
1,516
1,565
1,519
1,469
1,351
1,497
299,058
300,459
308,304
313,410
320,966
330, 692
349,744
350, 585
357, 207
391,457
358,548
372, 265
35,729
33, 595
35,206
41,548
41,842
50,313
61,774
64,681
70,166
89,851
72,411
70, 520
0
0
0
37
8,710
9,835
10,951
10, 699
11,041
10,789
7,094
373
0
0
0
228
568
616
738
605
821
722
717
0
775
813
981
1,023
940
989
976
1,058
1,054
962
485
214
663.4
694.6
163.4
169.2
29.7
34.9
29.6
29.3
13.6
11.3
152. 7
160.1
264.4
279.4
131
113
1,605
331, 685
321,927
38, 437
38,359
0
0
0
281
467
i Adjusted for number of working days,
Thousands
Thousands of cars 4
Financial statistics, class I
railways
* Adjusted for seasonal variation.
37.4
50.5
52.3
54.9
56.4
52.8
28.3
8.3
9.9
10.5
• American vessels, both directions.
* Average weekly basis.
11
SURVEY OF CURRENT BUSINESS
April 1937
Automobiles and Rubber
RODUCTION of automobiles increased rapidly in
P
the early part of March and then slowed as strikes
again halted some assembly lines. For the month the
January to 51,600 in February. Sales to United States
dealers were 70,901 and 49,674 in the 2 months, respectively. Total sales of General Motors cars, including
seasonally adjusted index of production will probably exports, were in excess of the corporation's production
be lower than in February since the seasonal factors during the first 2 months of the year, the difference
allow for a large increase.
representing the depletion offieldstocks of cars accumuWhile General Motors Corporation continued to lated before the strike.
The statistics on crude rubber consumption and the
expand its assemblies after having resumed production
on a major scale in February, complete shut-downs in employment and pay-roll data reflect a higher level of
effect in the plants of the Chrysler Corporation, Hudson operations in the rubber manufacturing industry during
Motor Car Company, and Reo Motor Car Company February. In general, the fluctuation in the output of
for a portion of the month prevented the realization of some of the principal automobile producers has not
expectations of the industry that a new production caused a corresponding variation in tire manufacturing,
record for March would be established.
although in March one company went on a 4-day week
Production of about 50,000 units more this March as a result of the stop order on Chrysler shipments.
than in the same month a year ago was indicated as Current data are not available to indicate the extent of
General Motors7 weekly production reached 50,000 units increase in manufacturers' stocks so far this year,
in mid-March, but the Chrysler Corporation experi- although these have increased very materially in the
enced a drop from almost 30,000 units assembled the past 6 months.
first week of the month to around 5,000 the second week.
Tire prices were advanced on March 13 for the second
A week later assemblies of this company ceased entirely time this year, and higher quotations on mechanical
as their last domestic plant closed for lack of parts.
rubber goods have also been announced. Crude
Retail sales of passenger cars and trucks fell off rubber has moved up above 25 cents a pound, as the
about 10 percent in February from the total for the Rubber Regulation Committee at its meeting in
preceding month, although unit sales were higher than London on March 16 left the production quotations
in February 1936. Deliveries of cars for the 2-month for the first and second quarters of 1937 unchanged.
period are estimated at 565,000 units, or 12 percent The quota for the second half of the year was raised to
more than the January-February sales record of 1929. 90 percent, which compares with 75 percent for the
General Motors' sales to consumers fell from 92,998 in first quarter and 85 percent for the second quarter.
AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports
Automobile production
United States
Tear and
month
1929: February.
1930: February.
1931: February.
1932: February.
1933: February.
1934: February1935: February.
1936:
January
February. _
March
April
May
__
June
July
August
September.
October
November.
December..
1937:
January
February.
PasF. R.
senindex, Total
ger
adcars
justed 2
Monthly av.,
Thousands
192325 = 100
143
102
68
35
32
71
103
466
330
220
117
105
230
332
108
93
107
122
117
118
124
111
107
93
105
122
364
288
421
503
461
453
441
271
135
225
120
380
364
no
New passengercar sales
Canada
Trucks
Total
New
New
UnadAdPassencomjusted » justed *
ger cars Trucks passenmercial
ger cars cars
Monthly average,
1929-31=100
Number
Pneumatic
tires i
Crude rubber
Domestic
World
Do
Pro- mestic
stocks,
conImduc- ship- sump- ports
end
of
tion ments tion,
month
total'
Long tons
Thousands
18,115
33,218
18, 732
9,187
4,936
5,521
8,872
15, 067
19,806
6,750
4,187
2,113
3,136
6, 039
6,765
235, 266
211,998
134,133
82,813
69,471
94, 887
170, 615
32, 652
31,846
23.475
14, 558
9,707
24.476
34, 797
111.4
94.6
59.7
36.8
27.8
45.7
72.7
136.5
114.5
72.5
44.0
33.0
54.5
86.5
6,577
4,683
4,018
3,891
2,343
4,335
4,330
4,758
4,053
3,251
2,478
2,209
3,202
3,237
41, 382
32,490
28, 880
31,821
21, 578
40, 585
42,902
64,286
42,998
34, 374
28, 398
22,969
35, 220
47, 844
303,247
409,381
516,123
611,819
626, 227
663,308
685,195
13,302
13,268
18,021
24,951
20,006
16,400
10,475
4,660
4,655
5,361
10,812
20,411
15,867
16,046
18,921
17,723
17,727
14,987
12, 714
8,323
4,564
9,894
20,032
24, 788
9,787
9,913
9,999
8,330
10,848
9,055
9,811
7,405
6,375
6,826
7,396
10, 501
215,782
176,668
301,272
397,190
392,750
369,423
357,490
262,912
208,896
171,319
223, 560
327,303
43,760
40,301
51,817
57,000
62,183
56,000
63,695
59,222
54, 611
41, 207
30, 222
42, 208
65.5
117.8
142.3
138.6
139.3
117.3
92.9
71.0
56.5
113.1
130.4
102.0
89.5
101.0
93.5
93.5
109.5
104.5
92.0
83.0
85.5
151.0
175.0
4,579
3,577
3,638
4,854
4,971
5,610
5,465
5,014
4,981
5,125
4,969
5,308
3,802
3,142
3,784
4,836
5,752
5,711
5,678
4,911
3,768
4,012
4,162
4,925
48,506
36,746
42,703
51,897
50,482
52,636
48,127
46,657
46,330
49,509
50,303
49, 626
33,921
34,339
34,874
45,830
37,050
38,273
39,843
41,788
50,033
40,965
38,414
51,382
600,479
599,355
574,594
558,583
533,411
511,931
610,873
492,439
485,488
478,190
458,637
448,414
19, 583
19,707
20, 099
17,014
12, 592
10,514
280,615
206,000
47,609
41,000
90.1
87.5
129.5
143.0
48, 744 43, 339
50,382 44,715
446,087
436,103
406
280
180
94
90
187
274
60, 247
50,398
39, 521
23,308
15, 319
43,482
58, 655
31,287
15, 548
9,871
5,477
3,298
8,571
225
344
417
386
376
372
210
91
191
341
426
65,730
62,790
77,448
85, 642
75,058
77,061
68,597
61, 537
44,533
33,940
53,434
72,702
310
296
70,249
67,443
i Data are raised to industry totals; see note in the 1936 Supplement.
Registrations
3
Adjusted for seasonal variation,
* Adjusted for number of working days.
12
SURVEY OF CURRENT BUSINESS
April 1937
Forest Products
ACCORDING to a recent report from the Lumber
•**» Survey Committee to the Department of Commerce, estimated lumber consumption, including exports, during the second quarter of the present year
will total 6,848 million feet, consisting of 5,763 million
feet of softwoods and 1,085 million feet of hardwoods.
The estimate for the first half of the year is 12,627
million feet, or 13 percent more than in the first half of
1936. Increased consumption is expected from all the
major wood-consuming industries, but the larger part
of the gain is expected to result from increased use by
the construction industry. The recent floods have also
stimulated the demand for lumber for rehabilitation
purposes.
Stocks of softwoods as of April 1 will approximate
5,138 million feet, or 8.5 percent less than on January
1. This reduction is due in part to the effects of the
maritime strike (which ended Feb. 3, 1937), when
production was at a low ebb and the practice of intermill exchange was in force to meet the current demand.
Although mill stocks of various items are inadequate in
some regions, the committee suggested that production
be limited to current actual demand and further reliance
be put on intermill exchanges to relieve such shortages
as may become apparent.
Lumber output has been moving upward slowly in
recent weeks, but has continued well below the level of
shipments. Production so far this year has been below
last year's output in the corresponding period, while the
volume of orders has exceeded last year's total and
shipments have run ahead by nearly one-fourth. Production may be expected shortly to assume a more
normal relationship to shipments in view of the suggestions of the Committee outlined above.
Wholesale prices of lumber advanced to 99 percent
of the 1926 average in February, according to the
United States Department of Labor. This represents
an increase of 6.5 percent over the January average and
of 20 percent over February 1936 prices. In the week
ended March 13 the index revealed prices to be higher
than the 1926 average.
The paper industry is at present operating at almost
record levels, the February rate being 89.8 percent of
capacity, which is only fractionally lower than the
January rate. This high operating rate, judging from
the weekly reports of the present month, has been
maintained during March. Paperboard mills are
also working at peak levels, the operating rate for
February averaging 86 percent of capacity, the highest
on record.
Newsprint paper production in both Canada and the
United States declined in February, but Canadian
production was the largest on record for the month.
A price increase in excess of 15 percent has recently
been announced by the International Paper Co. to
apply on contracts for the first 6 months of 1938.
The increase amounted to $7.50 a ton, bringing the new
figure to $50. This is the third advance in a little more
than a year from the low of $40 a ton in effect for more
than 2% years prior to 1936.
FOREST PRODUCTS STATISTICS
Lumber production
Year and month
CaliTotal South- fornia
ern 1
Total i soft- l
redwoods
pine
wood
West
coast
woods
1937:
February..
February..
February..
February.
February.
February..
February.
632, 229
709, 055
74
73
72
74
75
76
79
81
82
81
84
86
51.3
53.8
55.1
55.6
56.1
58.7
59.9
68.4
71.1
76.9
77.6
78.3
60.0
58.0
58.0
59.0
59.0
65.0
68.0
74.0
81.0
86.0
85.0
82.0
819,300
753, 581
776,471
867, 931
798,060
797,826
846,434
833,038
843,417
984,744
864,309
956,779
101,223
96,068
101,669
107, 533
97,369
86,676
89, 210
93,988
95,793
103,417
81.5 911, 696
71.4
81.5
74.8
2 Adjusted for seasonal variations.
208
366
405
374
373
January
February...
March
April
May
June
July
August
September..
October
November..
December..
1,614
1,469
1,718
2,005
2,052
2,052
2,218
2,171
2,151
2,352
1,816
1,827
1,337
1,207
1,423
1,711
1,735
1,725
1,881
1, 823
1, 800
2, 001
1, 502
1,516
523
487
548
580
591
586
634
628
640
671
661
671
552
461
521
666
559
513
594
515
516
679
336
444
42
36
40
40
44
46
48
47
47
48
51
57
January
February..
1,537
1,651
1,290
1,381
640
650
354
422
48
48
89
87
Paper
board
Wrapping
paper
103, 644
111,598
88, 707
87, 685
67, 607 205,871
71,233 227,140 119, 634
70, 579 251, 870 135,078
45.0
46.0
27.0
30.0
43.0
944
1,001
Newsprint 3
Consumption
by
publishers
Short tons
113.2
92.4
65.0
44.4
29.5
40.1
46.6
1,192
1, 238
i Data revised for 1935 and 1936, see p. 20 of this issue.
Total
Book
paper,
uncoated
110
99
77
69
53
62
67
84
78
48
27
19
30
35
Newsprint
Paper production
Percent
of
normal
Monthly average,
1923-25=100
Millions of feet, board measure
1929:
1930:
1931:
1932
1933
1934
1935
Furniture industry
Carloadings of Factory
Plant
forest
em- | Fac- operaprodploytory
ucts,
tions,
ment,
pay
addisadrolls all
justed 2 Justed
tricts
2
170, 864
171, 889
150,403
142.883
116,307
153,958
169,816
112,689
79,336
72, 249
76,500
76,504
75,719
79,820
73, 361
74,338
72, 206
81,076
79,848
80,048
271,210
271,107
285,257
295,899
289, 527
288,682
299,033
319,391
328, 519
359,849
321, 624
328,773
160,822
130,719
132,887
165,537
140,120
144, 615
163, 588
147,142
150,952
195,874
155, 605
196,998
161,185
182,213
183,974
183,399
227,216
178, 396
170.884
168,289
175,811
203,198
223,813
198, 264
109, 396
104, 708
79, 362 331,386
72,072
166,074
183,106
200,362
3 See note marked " V' on p. 52.
13
SURVEY OF CURRENT BUSINESS
April 1937
Iron and Steel
advances became effective, mill operations moved
steadily upward during March. Ingot production
increase, a broad advance in prices, and a steady upward toward the close of the month approximated 90 percent
movement of production. In addition to the general of capacity and for the month averaged about 88 perwage advance, the largest steel manufacturer extended cent, or 4 points above the February rate. Total outrecognition to the Amalgamated Association of Iron, put for the first quarter, as calculated on the basis of
Steel, and Tin Workers and entered into a 1-year con- the tonnage reported for the first 2 months and the
tract with the union covering wages, a reduction in the weekly operating rate for March, was higher than that
hours of work per week to 40, vacations with pay, of 1929, heretofore the best record for the quarter.
arbitration, and a number of other issues. Since hourly The operating rate was higher, however, in 1929 since
rates of pay in the steel industry were higher prior to the open-hearth and Bessemer capacity in that year
this latest action than they were in 1929, they are now was 60,990,000 tons, whereas today it is 68,291,000
considerably above the pre-depression figure. The tons. It is of interest to note that the steel tonnage
number employed in the industry has recently exceeded produced during the first quarter of 1937 was in excess
a half million persons, establishing an all-time record. of the total for the full year 1932 wiien the industry
The extent to which prices have risen recently is not operated at only one-fifth of rated capacity.
While price considerations undoubtedly influenced the
fully indicated in the accompanying table which includes
only the monthly averages through February. The iron placement of orders for a large amount of tonnage prior
and steel composite price for the week ended March 20 to the price increases, the consumption of steel has conwas reported as $40.10, up nearly 10 percent from the tinued to expand and the mills have been under pressure
February figure shown in the table. The finished steel to make deliveries. The construction, machinery, and
composite price reported by "Steel" has advanced from railroad industries are among the important users of
$55.80 per ton in February to $60.70 in March. These steel which are continuing to expand and, despite the
higher prices will not be effective generally until the disputes in the automobile industry, the assembly of cars
second quarter. Steel scrap prices have continued to during the first quarter has required more steel than in
advance under the stimulus of both domestic and the corresponding period of 1935. Machine tool orders,
a sensitive indicator of change in the machinery indusforeign demand.
With the heavy volume of orders on hand, a consid- tries, exceeded the 1929 average in February, although
erable part of which was placed before the most recent the volume was under the December-January average.
in the iron and steel industry
DEVELOPMENTS
during the past month included a general wage
IRON AND STEEL STATISTICS
General operations
Year and month
Em- j Pay
Produc- ployEx- Imtion,
roils,
men t, unadadad- justeds ports ports
justed * justed2
Monthly average,
1923-25=100
1929: February..
1930: February..
1931: February..
1932: February..
1933: February..
1934: February..
1935: February..
1936:
January
February...
March.„
April
May
June
July..
August
September..
October
November. _
December...
1937:
January
February...
1
Steel ingots
Pig iron
Production
Furnaces
in
blast
Production
Thousands of long
tons
Number
Thousands
of long
tons
Percent
of
capacity*
Steel sheets » United
Prices
States
Steel
CorpoSteel
ration,
Iron billets,
Steel
New Ship- finished and rerollscrap
prodorsteel,
ing
(Chicom- (Pittsders ments ucts,
shipposite burgh) cago)
ments
Long
tons
Thousands of
short tons
Dollars per long ton
I
Finished
steel,
composite
Dollars
per 100
pounds
128
118
74
42
31
64
80
100.7
97.5
75.0
61.8
54.2
73.4
79.1
108.1
100.5
66. 1
37.9
26.9
48.7
63.9
260
197
91
40
64
151
229
58
43
28
27
20
25
29
3, 206
2, 839
1,707
964
554
1, 264
1,609
20/
179
108
64
45
89
96
4, 329
4.035
2, 547
1,481
1,073
2,212
2,774
389 !! 326
203
241 1,141,912
169
129 762, 522
108
117 413, 001
81
73 275,929
184
147 385, 500
183
201 583,137
35.96
34.92
31.64
29.24
27.94
31.30
32.54
33 25
33.' 00
30.00
27.00
26. 00
26.00
27.00
15.88
13.31
10.06
7.16
5.25
11.00
11.25
2.55
2.43
2.22
2.11
2.10
2.31
2.44
86
83
83
100
105
113
119
121
119
127
138
143
86.4
84.7
85.3
87.1
89.0
90.8
93.5
95.3
96.8
98.4
99.6
101.0
69.6
70.3
75.4
79.7
83.0
84.6
81.8
86.8
87.1
93.2
95.8
102.0
242
214
264
302
315
295
297
295
236
262
203
244
50
43
57
49
59
60
48
61
60
65
62
52
2,026
1,824
2,040
2,404
2,648
2,586
2,594
2,712
2,730
2,992
2,947
3,115
117
120
126
144
146
145
146
148
155
161
164
170
3,046
2,964
3,343
3,942
4,046
3,985
3,923
4,195
175
138
252
190
192
261
193
208
256
223
294
337
207 721,414
176 676, 315
210 783,552
252 979, 907
210 984, 097
204 886, 065
213 950, 851
197 923, 703
204 961, 803
224 1,007,417
212 882, 643
244 1,067,365
33.34
33.48
33.21
33.10
32.92
32.79
33.49
33.88
34.15
34.63
34.65
35.15
29.00
29.00
28.20
28.00
28.00
28.00
30.00
30.00
30.40
32.00
32.00
32.40
13.38
14.19
14.75
14.34
12.88
12.85
13.38
15.19
16.15
16.25
16.50
17.15
2.43
2.43
2.37
2.36
2.36
2.36
2.43
2.43
2.41
2.46
2.46
2.52
139
129
102.3
103.8
99.4
103.8
202
291
43
42
3,212
2,999
170
176
4,737
4,425
36.55
36.74
34.00
34.00
18.06
19.44
2.57
2.58
Black, blue, galvanized, and full finished.
* See footnote marked " V on p. 48.
Iron and
steel
4,161
4,545
4,337
4,432
* With adjustment for seasonal variation.
See footnote marked "1" on p. 49.
8
(55)
()
1,149,918
1,133,724
B Without adjustment for seasonal variation/
14
SURVEY OF CURRENT BUSINESS
April 1937
Textile Industries
in textile mills continued at near
ACTIVITY
- record levels during February and the first
All textile lines have contributed to the almost uninterrupted rise in aggregate output which started
half of March. The high rate of operations has been last summer. Comparing February with the low
accompanied by further increases in raw-cotton and months of the past summer, daily average cotton concotton-fabric prices, and some improvement in woolen- sumption has advanced about one-third, while wool congoods prices. Raw wool prices have tended lower in sumption is up approximately 60 percent and deliveries
recent weeks, while raw silk prices dipped lower in of nonacetate rayon about 30 percent. Silk deliveries
February but regained a large part of the loss by the have also recorded a marked gain in recent months.
While the gain in cotton consumption in February
third week of March.
Although mill operations have been exceptionally as compared with January was small, it served to lift
high for several months, trade reports indicate that the daily average to a new record high. Weekly data
manufacturers' stocks are at low levels, a condition for the first half of March indicate that a further gain
which does not necessarily mean that all goods cur- in consumption has taken place. Daily average wool
rently being produced are moving into the hands of consumption was about 10 percent larger in February
consumers. Accurate data on manufacturers' stocks than in January but was still about 12 percent below
are available only for the rayon industry, and in this the record month of December.
A further indication of the high level of operations
industry such stocks were exhausted some months ago.
in
the textile industries is obtained from the data
The capacity output of this fiber is thus moving
on
employment and pay rolls. According to the
promptly from the plants of producers.
figures
compiled by the Bureau of Labor Statistics,
According to the Federal Reserve index, textile outwhich
are
available back to the beginning of 1923,
put in February was at a new all-time high on a daily
employment ia textile fabric and apparel mills in
average basis, although the seasonally corrected index
February was at the highest level on record, except
of output was below last December's figure. The for 1 month in 1923. If the data on rayon are
adjusted index advanced 2 points in February, the included (these are classified under chemicals and
rise in actual production being larger than is usually allied products by the Bureau of Labor Statistics), the
experienced. In the first 2 months of the year output level of employment would be even higher. Pay rolls
was about 20 percent larger than in the corresponding have also recorded marked gains, although they are
still below the level of the 1925-29 period.
period of 1936.
TEXTILE STATISTICS
Cotton,
raw
Year and month
ProducMill
tion incondex, ad'
justed 1 sumption
Monthly average,
1923-25=
100
1929: February—
1930: February....
1931: February—
1932: February—
1933: February—
1934: February...
1935: February—
1936:
January
February
March
April
May
June
July
August
September,. .
October
November
December
1937:
January
February. _.
Running
bales
Wool
Cotton manufactures
Cotton cloth,
finishing
Spinning
spindles
Spindle activity, Plain
total bleach- Print
goods
ed
Whole- Consale
price, sumpcotton tion » Wool- Worgoods
sted
en
Millions of
spindle
hours
Monthly average,
1926=
100
Thousands
of
pounds
30,800
24, 000
23,100
20, 200
18,900
22,100
25, 300
82
61
66
58
60
76
91
Thousands of
yards
594,720
494,396
433,376
451, 239
441, 203
477, 046
480, 339
8,223
7,087
6,122
6,567
6,286
6,692
6,567
132, 287 104, 818
137,116 117, 757
92.8
73.1
56.4
49.1
88.6
83.3
105
102
100
ipo
100
107
116
120
120
114
121
139
124
128
590,484
515,977
550,641
576,762
530,894
555,449
607, 056
574,289
629, 727
646,499
626, 695
692, 921
7,709
6,735
7,254
7,313
6,896
7,320
7,855
7,573
8,088
8,328
7,997
8,679
97,435 100,528
92,807 91,860
107,893 95, 274
104,837 91,074
105,062 89,518
104,630 90,338
101,904 91, 273
104, 667 91,157
107, 706 86,514
121,419 88,890
105,188 83,760
123,125 91,839
80.4
78.1
77.1
76.2
75.5
75.4
78.7
79.5
80.0
82.0
85.5
90.3
36, 345
32,023
27, 633
29,346
24,333
27,302
33,963
31, 627
30, 639
37, 760
33,990
39, 504
93
94
85
82
87
87
90
97
88
90
96
110
678, 064
664,439
8,587
8,353
115,127
110,443
93,082
83,896
91.9
91.3
41,616
105
111
J
89
Rayon
WholeWhole- Deliveries
sale
sale
price,
from mills
woolen Deliv- price,
raw,
and
to Japaworsted eries
Admills nese, Unad- justNar- Broad goods
13-15
(New just- ed i
ed
York)
Hosiery
Looms
Monthly average,
1926=
100
Percent of active hours
to total reported
114
100
95
86
83
91
100
* Adjusted for seasonal variation.
Silk
Wool manufactures
Production
ThouDaily
Bales Dollars
sands
of 133
average,
of dozper
pounds pound 1923-25=100
en
| pairs
91.3
84.2
73.5
63.1
53.2
84.3
73.6
46,228
49,852
54, 242
45,909
32,665
39, 021
41, 732
5.096
4.433
2.709
1.891
1.201
1.566
1.432
264
300
376
265
293
422
441
238
268
330
232
257
370
387
9,092
9,214
89
80
76
76
74
69
73
66
72
82
94
81.4
82.8
83.8
82.2
82.2
82.6
82.0
81.2
80.9
80.5
84.3
90.5
38,995
32,053
36,000
34,564
32,087
31, 437
36,658
42,016
45, 709
43,093
40, 401
41, 627
1.950
1.784
1.733
1.682
1.600
1.597
1.714
1.791
1.698
1.756
1.935
1.968
477
517
422
433
428
498
614
633
537
504
538
562
487
454
399
416
446
623
808
586
387
475
611
662
10,099
9,252
9,832
10,201
9,270
9,479
9,983
10,111
10,828
11, 566
10, 716
11,280
97
100
91.9
93.1
44,198
38,484
2.051
1.993
537
549
548
482
11,364
Scoured basis, total; see note marked "V* on p. 54.
SURVEY OF CURRENT BUSINESS
April 1937
15
The Position of the Construction Industry
Prepared in the Construction Economics Section, Marketing Research Division
the past 3 years there have been important
DURING
gains in construction activity and the improvement carried forward through the first quarter of 1937.
The expansion in 1934 was due almost entirely to
increases in public construction resulting from funds
supplied by the Federal Government—largely loans
and grants by the Public Works Administration. In
1935 public construction changed only slightly while
private work increased substantially, particularly in
residential building. In 1936 further increases in both
private and public work resulted in a volume of construction for the year, approximating three-fourths of
the average annual volume during the period from 1920
to 1930. The trends in public, private, and total construction activity since 1923 are indicated by figure 1.
BILLIONS OF DOLLARS
built during the period from 1920 to 1930 was approximately 700,000 annually in urban and rural nonfarm
areas. The total dollar volume of residential work,
including alterations, repairs, and maintenance, for the
same period averaged between 3 and 4 billions of dollars
annually. In 1933 and 1934 the number of new units
built declined to approximately 60,000 annually, considerably less than the estimated requirements for replacements. As indicated in figure 2, this number has
gradually increased during the past 2 years and may be
estimated for 1936 to have been approximately 250,000
units. The expenditure for residential building, including alterations, repairs, and maintenance, as well
as new construction in 1936, was probably in excess of
\}{ billions of dollars.
INDEX NUMBERS 1926 = 100
140
—
\
/
/ - -
A
'
^ »..
s'
.^
\
PR/VA rE'—^
120
V
\
—
\\
/
/
\
60
\
\
—=X
40
*
\
•V\
^
\
A
/ \
r
/-*
V
— Fc^ /
-Bu Idin
Co •its
\
- -
7
80
\
\
PUBL
\
100
\
r
gTerm
-esf Rai
\
\
y
TOTAL
•
\
\
\
L.
\
<yb A7//S
\
\
/
- ^
\
20
••••V
Al (Inc/o dedmtfi Pob//c)
...A
i9a3
0
I93G
Figure 1.—Estimated Value of Total, Private, and Public Construction in
in the United States, 1923-36. (National Bureau of Economic Research
and the United States Bureau of Foreign and Domestic Commerce.)
NOTE.—Total, private, and public construction, 1923-32, National Bureau of
Economic Research (Gayer); figures for later years are preliminary estimates of the
United States Bureau of Foreign and Domestic Commerce which are in the process
of revision.
The variations in the amount of construction expenditures, which are discussed briefly in the following paragraphs, are of major significance because of the large
number of persons employed directly and indirectly by
construction, and also because of the effect of the
expansion or curtailment of such activity upon general
purchasing power. Outlays for durable goods may be
expanded or contracted over long periods to a degree
impossible in the case of nondurable goods such as food
and clothing.
Residential Building.
Over long periods of time residential building averages
one-fourth to one-third of the total volume of construction, but the proportion has been much less than this
figure in recent years. The number of family units
1915 '16
'17 •18C19 •20 '21 '22
'24
'25 '26
'27 "26 "29
'V
•52
•JJ
9037
Figure 2.—Family Units Built, Rents, Building Costs, and Long Term
Interest Rates, 1915-36. (Family Units Built, Construction Economic
Section, United States Department of Commerce; Rents, National
Industrial Conference Board; Building Costs, American Appraisal Company; and Long Term Interest Rates, Average of Yields on 15 Industrial
and 15 Public Utility Bonds, Standard Statistics Company, Inc.)
The rent index in figure 2 is computed by the National
Industrial Conference Board on the basis of month-tomonth changes in new rentals, at present in 173 cities,
and is particularly responsive to rent changes. This
index reached a low point in January 1934 and has been
rising steadily during the past 3 years.
Vacancy statistics, which are also an important measure of the residential market, began to record improvement somewhat earlier than rents. In 1932 vacancies
in many cities were as much as 8 percent of the total
number of dwelling units. This rate has been steadily
declining, and in the latter part of 1936 was very low.
The results of studies made in the fall and winter of
1936-37 are now available for several cities. These
studies indicate substantial reductions from the preceding year. For all types of dwelling units percentage
16
SUKVEY OF CUKRENT BUSINESS
vacancies, for example, in Denver declined during the
past year from 1.8 to 1 percent, in Cleveland from 3
to 1.8 percent, in Seattle from 2.1 cent to 1.7 percent,
and in Columbus from 2.7 to 1.7 percent. These
changes are not unusual but are typical of the recent
developments throughout the country. As a result of
this increased demand a housing shortage is in prospect
in many cities.
The present period of active demand for housing is
in that respect similar to the years from 1919 through
1923. During the earlier period increases in interest
rates and construction costs to high levels, as may be
observed in figure 2, were accompanied by a curtailment of residential building. The trends in 1920 and
1921 should be noted particularly in this connection.
Commercial Building.
Commercial building improved slightly in 1934 and
1935 and advanced somewhat more rapidly in 1936.
The gain in this type of construction in 1936 over the
preceding year, according to the F. W. Dodge Corporation data covering 37 States, was over 50 percent.
Commercial building, however, is still at comparatively
low levels, 27 percent of the 1926 value, and vacancies
are still high, 20.5 percent in January 1937, according
to the reports of the National Association of Building
Owners and Managers covering more than 2,000 buildings in 90 cities. The corresponding vacancy in 1924
to 1927 was approximately 9 percent; during this period
commercial building was very active.
Factory Construction.
Factory building reached its low in 1932 at 9 percent
of the 1926 value, according to the Dodge Corporation
reports. The percentage increase in 1933 was large
but this type of construction showed a slight decline in
1934 and no further important increases until 1936, in
which year the Dodge figures indicated that factory
building contracts were 82 percent larger than in the
preceding year. In spite of these advances, the total
dollar volume of factory construction in 1936 was only
42 percent of the 1926 average.
Table 1.—Construction Contract and Building Permit Relatives
[Dollar value 1926=100]
1932
1933
71.7 10.5
115.8
9.2
100.9 13.3
100.2 21.6
92. 9 13.4
9.3
27.1
10.8
10.5
18.3
17.9
23.1
17.9
45.5
19.8
30.0
42.0
27.1
59.3
36.5
63.5
4.6
21.2
4.0
14.1
9.4
20.0
21.0
25.5
111.5
82.4
78.5
35.8
59.6
54.1
67.2
109.2
99.9
129.1
1929
Contracts awarded, F . W. Dodge Corporation: i
Residential building
Factory building
Commercial building
Educational building
Public utility construction 2
Building permits
granted, Bureau of Labor
Statistics: 3
Residential
.
Nonresidential
Contracts awarded, Engineering NewRecord:
Streets and roads
__
Sewers and waterworks,.
1
2
3
1934
Data are for 37 Eastern States.
Includes municipal waterworks and governmental power plants.
Data are for 257 identical cities.
1935 1936
April 1937
Educational Building.
Public construction activity for the most part experienced a much smaller decline during the depression
years than did private work. Educational building,
however, although predominantly public, suffered a
severe reaction in volume during 1932 and 1933, reaching a low in 1933 of 10.5 percent of the 1926 dollar
total, according to the F. W. Dodge Corporation statistics. Public Works Administration funds in the 3 years
following were responsible for a considerable revival in
this type of construction. In spite of these gains,
contracts awarded for educational buildings were
slightly less in 1936 than in 1931 and were far short of
the volume required to meet current needs. The increased responsibilities of educational institutions resulting from a larger number of children of school age than
at n,nj previous period in our history, as w^ell as from
a prolonged period of early education and increasing
adult education, have greatly increased educational
building and other equipment needs which have not
been met even with the increased activity of the past 3
years.
Public Utility and Public Works Construction.
Total public utility construction of all types, including
railroad, telephone, telegraph, and electric light and
power construction, as well as waterworks which are
included in this category by the F. W. Dodge Corporation, was, in 1936, approximately 36 percent of the 1926
average. The two major items which represent the
largest part of the totals for utility construction are
electric light and power plants and railroad construction
(including transportation terminals). In each of these
categories there was a substantial increase in the dollar
value of contracts awarded in 1936 over the preceding
year; light and power plants having more than doubled
and railroad construction of all types having increased
more than 80 percent. The outlays for electric light
and power plants and distributing systems, although
showing this striking increase in 1936 over the preceding
year, are still at low levels, approximately 23 percent of
the figure for 1926, which was a year of full activity,
although considerably lower than the peak years of
1924 and 1930. The production of electrical energy, on
the other hand, declined only moderately from 1930 to
1932 and at the present time is increasing rapidly.
In 1936 it was larger than in any previous year.
As is well known the total volume of public construction has been maintained during the years from 1931 to
date to a much larger degree than has private work.
This is true in spite of the fact that the outlays of
municipalities for construction declined greatly during
the years from 1931 to 1933.
Total outlays of municipalities for all purposes, as
measured by the reports to the Bureau of the Census
from 146 cities, declined gradually from the peak in
1925 to 1930, then decreased very sharply to 1933, in
which year the total was approximately one-third of the
1930 volume. This decline has not been due to any
substantial decrease in the net revenue receipts of
municipalities but rather to the proportion of the receipts devoted to permanent outlays. As a matter of
fact the revenue receipts for the 146 cities just mentioned
were in 1931 slightly in excess of those for 1930 and
have been maintained at fairly high levels during
subsequent years. In the past municipal construction
has usually constituted approximately one-half of the
total of public construction. The sharp decline in this
type of work from 1930 to 1933 has been offset in part
by Federal Government construction.
In 1930 and 1931 public building was especially large.
During the past 3 years there has been a substantial
increase in the construction of highways, grade crossing
eliminations, sewerage systems, dams for flood control,
water supply systems, and governmental power plants
and distributing systems. The two types of work which
have been undertaken in the largest volume are streets
and roads, and sewers and water works.
In 1936 the value of contracts awarded for the construction of streets and roads, as reported by the Engineering News-Record, was nearly 50 percent greater
than during 1935 and was approximately equal to the
1926 level for this type ol work. Sewers and waterworks experienced a moderate increase in 1936
over 1935 and appear to have been somewhat higher in
the former year than in 1926. It should be observed,
however, that both population and public responsibilities for the construction and maintenance of works of
various kinds for public use have substantially increased
during the past decade, and that 1926 should be considered only as a base for relative comparison rather
than as having been a year of normal activity.
Construction Costs, Material Prices, and Wage Rates.
Construction costs appear to have risen rapidly in
the fall of 1933 from the low levels of 1932 and early
1933. They were then fairly steady during 1934, 1935,
and the early part of 1936. During the last few months
of 1936, however, costs of all major elements of construction advanced. The wholesale prices of building
materials, as reported by the Bureau of Labor Statistics, increased from 85.8 percent of the 1926 average in
June to 89.5 percent in December 1936. Wage rates
of both skilled and unskilled labor reported to the
Engineering News-Kecord as actually paid by contractors in 20 cities, also rose appreciably, the latter to
slightly above predepression levels. These movements
are shown in figure 3.
Actual construction costs include many other items
in addition to those shown in figure 3, such as the
current charges on equipment, insurance, general
overhead, and contractors7 profits. The cost of materials plus labor, however, represents somewhat more
than 80 percent of the total cost of most types of construction and usually dominates the year-to-year
133105—37
17
SURVEY OF CURRENT BUSINESS
April 1937
3
changes. Improvements in technical methods also
affect important long-time trends in construction costs.
fNDEX NUMBERS 1926
160
J\
\
<*-—
/
Buil y/nc
=3
7/s /
\
/
«——
\
V
/
/
V
-
—
—^
\ \
—vj
/ '
/
ille
iqe
ybo
3
-Cc -)mr non La
W age Rai es
1915
'16
17 18
19 20 Z\ '22
'24 '25 '26 "27 '28 '29
'•JO
'V '32
'•?3
'H
'55 ?6
Figure 3.—Skilled Labor Wage Rates, Common Labor Wage Rates, and
Building Material Prices, 1915-36. (Skilled and Common Labor Wage
Rates, Engineering News-Record; and Building Material Prices, United
States Department of Labor.)
Improved methods of construction have in the past
tended to some extent to offset the increases in the
basic costs of materials plus labor. This has been
expecially true in the construction of highways, levees,
dams, and similar earth-handling projects, and has
made possible many public works which could hardly
have been undertaken without modern mechanical
equipment. There has been some prospect that similar
technical developments might influence residential
building and thus offset the present upward trend in
basic costs. Considerable experimentation w^as undertaken in 1935 and 1936 and some progress made.
Residential building costs, however, have not thus far
been greatly affected by technical factors tending to
lowest costs and consequently have risen rapidly in
recent months.
Recent Changes in Contracts and Costs.
In the opening quarter of 1937, several important
developments in the construction field have occurred,
notably a rapid advance in private construction and a
further sharp increase in construction costs. The first
2 months of 1937 showed an increase in private construction of 96 percent over the corresponding 2 months
of 1936, according to the reports of contracts awarded
by the F. W. Dodge Corporation covering 37 Eastern
States. Factory building recorded a particularly large
gain—120 percent—and residential contracts more than
doubled. Contracts for commercial buildings also
increased substantially, although not so conspicuously
as did those for factory and residential building.
Public works contracts on the contrary declined 29
percent for the first 2 months of 1937 as compared with
the corresponding period of 1936. In February they
were valued at slightly more than $27,000,000 which
was low^er than in any month since the summer of 1933,
with the exception of February and May 1935. Public
18
SUKVEY OF CURRENT BUSINESS
utilities showed some important gains, particularly in
electric light and power plants and railroad construction.
Both building material prices and wage rates have
risen even more rapidly so far this year than they did
in 1936. The index of wholesale prices of building
materials, as reported by the Bureau of Labor Statistics,
has risen from 89.5 for December 1936 to 95.7 in the
middle of March 1937. Both skilled and common labor
wage rates reported by the Engineering News-Record
April 1937
as actually paid have also increased sharply during
the past 2 months, common labor wage rates as of
March 1, 1937, being 110 percent of the 1926 average,
and skilled labor rates, 98 percent of the 1926 average.
A rapid and sustained rise in costs might very well have
important adverse effects upon some types of construction activity.
The current statistics on construction and real
estate usually presented in the table on p. 9 are given
in table 2.
Table<2.—Building Materials, Construction, and Real Estate
Building-material shipments
Construction contracts awarded
Year and month
Federal
Reserve
index adjusted l
Monthly
average,
1923-25=
100
1929* February
1930" February _ _
1931* February
1932' February
1933' February
1934: February
1935: February
1936:
January
February
March
Aoril
_ _
May
June
July
August
September
October
November _ _
December
1937:
January._
Februarv
All types of
construction
Number of
projects
Millions of
dollars
Residential
building
MilMillions of lions
of
square dollars
feet
9,749
8,560
7,629
5,208
3,884
5, 507
6,135
361
317
235
89
53
27.3
15.2
16 6
97
75
215
142
59
57
58
66
7,724
6,442
10, 514
13,338
13, 242
13, 352
13,890
12, 912
12, 056
12, 966
11, 269
9,605
234
226
208
200
3.6
4.6
10.3
9.1
15.6
19.7
20.5
20.6
20.5
24.4
21.2
21.6
20.0
19.0
63
64
8,731
9,746
243
188
18.4
18.7
118
104
79
27
19
44
28
62
52
47
47
48
52
59
62
199
235
216
233
295
275
6.1
3.1
Public
utilities
Public
works
Millions of
dollars
129.5
74.8
77.9
24.4
11.8
14.5
16.6
37.6
44.3
19.8
12.6
37.4
31.2
55.2
67.2
70.3
73.6
72.0
100.5
80.7
79.7
68.4
65.5
17.9
11.9
18.1
23.8
12.8
78.4
63.0
Common
brick
Lumber
Thousands
MonthMills, Thous. Thou- ly avof ft. sands of erage,
of ft.
b. m. b. in. barrels | 1913 =
j 100
Cement
Loans outstanding
Federal
savings
and loan
associations 3
Homeloan
banks
32,469
38, 291
1,123
1,389
31,128
29,986
21,713
11,359
6,074
8,112
9,015
27.5
17.9
15.7
14.2
18.0
19.1
68.9
36.3
44.2
49.7
50.8
71.1
99.1
76.4
68.8
52.9
55.8
42.1
56,471
44, 736
109, 641
154, 473
171,418
172,892
170,135
172,748
173,723
189,104
163,246
141, 080
1,700
1,585
1,853
2 093
1,962
1,972
2,056
2,005
2,122
2,327
1,751
1,899
20, 395 3,917
23,081
3,177
28,479
7,186
29, 483 9,182
28, 579 11, 240
31,617 12, 521
30,123 11, 823
30,408 12, 624
33, 432 12, 619
33, 935 13, 089
29,988
8,942
35,878
6,246
199.5
201. 2
201.2
202. 2
203.4
204.6
204.4
208.1
208.1
211.5
212.7
220.7
329,643 102, 745
330,154 102, 887
366, 405 103,354
390,810 105, 969
404,722 110,871
442,027 118, 580
465, 682 122, 094
497, 852 125, 211
505, 574 129, 752
532,064 134,929
531,078 137, 250
544,107 145, 394
21.8
32.4
46.7
27.3
107, 777
1,722
2,047
38, 847
34,391
4,678
5,163
223.5
223.5
576,299
588,038
4.7
6.4
3.9
9.3
5,448 1 210.4
7,012
206. 5
5,074
196 6
161.8
3,118
2,278
159.3
2,952
194.0
2,951
196.0
Home
Owners'
Loan
Corp. 4
Thousands of dollars
29.7
58.0
59.2
15.6
12.5
46.7
23.9
1 Based on 3-month moving average of values and adjusted for seasonal variation.
2 Index is as of 1st of month; Mar. 1, 1937, 225.3.
3 Data for 1935 and 1936 revised. See p. 20 of this issue.
* See footnote marked * on p. 25.
Oak
flooring
Construction
costs,
Eng.
New^sRecord2
107,980
9,184
285, 564
90, 531
76, 535 2, 468, 744
Realestate
foreclosures
(nonfarm)
Monthly average,
1934=
100
88.5
95.7
2,984,438
3, 014,423
3, 040,137
3,060,029
3,083,312
3,092, 871
2,920, 739
2, 897, 367
2, 869,660
2,883, 503
2, 801, 827
2, 765, 098
78.9
77.6
83.2
83.9
82.6
81.7
82.7
78.3
85.7
77.8
75.1
84.4
143, 738 2,711,451
141,198 2, 680,230
68.1
19
SURVEY OF CURRENT BUSINESS
April 1937
NEW OR REVISED SERIES
Table 14.—PETROLEUM AND PETROLEUM PRODUCTSl
[Revised statistics for 1935]
Petroleum coke
Year and month
Stocks, California, end of
month
ConRefinStocks, sumpProProery
tion
duc- refinery,
end of (runs to duction opera- Heavy
tion month
tions crude Light
stills)
and
crude
fuel oil
Thousands of
short tons
1935
January
February
March
April
May
June
July
August
September
October
November
December
116
110
119
120
132
135
140
131
123
119
108
106
1, 458
122
Total.
Monthly average
375
353
367
397
416
424
441
458
454
427
409
Percent
of capacity
Thousands of
barrels
75, 346 78, 720
70, 708 72, 802
76, 597 81. 650
75, 066 78; 723
80, 377 82, 564
81, 596 82, 652
84, 865 85, 709
84, 584 85, 032
83, 347 84, 458
85,132 88, 577
83,180 86, 752
84, 992 88, 957
965, 790 996, 596
SO, 483 83, 050
72
Tear and month
1935
January
February
March
April
May
June
July
August
September
October
November
December
Total
Monthly average.
28,147
26, 580
32, 272
36, 363
39, 381
38,086
41,479
43, 097
37, 976
41, 566
35, 991
33,872
434,810
36, 234
Stocks, east of California, end of month
Stocks, end of
month
Production
Wells
comTank pleted Resid- Gas oil Residual Gas oil
oil, and disRefin- farms
ual and dis- fuel
Total eries and pipe
east of
tillate
fuel oil tillate
fuels California fuels,total
lines
Thousands of barrels
293, 226
292, 776
295, 351
297, 360
298, 240
294, 314
289, 703
284, 471
278, 643
275,168
270, 906
268, 781
Number
60, 879
60, 689
59, 714
58, 818
58, 928
57, 894
58, 498
58, 243
58, 518
59, 388
60, 075
61, 227
37, 823
37, 447
36, 872
35, 377
33, 233
33, 282
32, 662
33, 494
34, 981
35, 591
37, 646
38, 944
55, 892
56, 316
57, 651
59, 343
59, 909
57, 584
56, 081
56, 055
53, 710
51, 751
50, 495
50, 704
237, 334
236, 460
237, 700
238, 037
238,331
236, 730
233, 622
228, 416
224, 933
223, 417
220, 411
218, 077
59, 406
35, 613 286, 580 55, 458
231,122
Kerosene
Gasoline
Domestic consumption (indicated
demand)
Gas and fuel oils
Crude petroleum
996
1,003
1,288
1,248
1,465
1,369
1,340
1,403
1,286
1,243
1,318
1,149
15,108
1,259
Thousands of barrels
20, 545
19,480
20, 822
19, 618
21, 704
20, 754
20,950
21, 807
22,166
23, 277
23, 660
25, 043
259, 826
21, 652
Lubricants
7,696
7,001
8,678
7,183
8,198
8,205
8,709
8,129
8,885
9,068
8,598
9,885
100, 235
8,353
Asphalt
25, 274
24,136
23, 614
22, 677
23, 884
25, 548
26, 909
27,179
27, 351
26, 265
25, 509
22, 827
18, 021
16, 260
16, 052
16, 232
17, 365
20, 232
22,915
23,860
24, 272
24, 299
23, 263
19,930
25, 098
20, 225
Wax
I
Stocks, end of month DomesDomesStocks,
tic conStocks, tic conStocks,
Stocks,
!
sump- Pro- refin- sump- Pro- refin- Pro- refin- ProFinished
refinNattion
(inery,
tion
(inery*
ducducducery,
ducgasoline
ery*
At nat- At reural dicated tion end of dicated tion end of tion end of tion end of
ural gas fineries
gasomonth
demonth
month
re
demonth
plants
Total ^ ~ line mand)
mand)
lotal
fineries
Thousands of
Thousands of
Thousands of barrels
short tons
pounds
Production
3,324
35, 341
2,985
32, 719
3,262
35, 346
3,096
34, 747
3,121
37, 599
3,053
38, 201
3,179
40. 686
3,104 40, 500
3,243
39,820
3,620
41, 956
3,645
40, 260
3,701
40, 667
39, 333 457,842
38,154
3,278
53,266
58,939
60, 405
58, 218
55,196
53,141
50, 472
45,932
45,624
44, 373
46, 295
50, 647
33, 224
38, 548
40, 220
37, 867
34, 725
32,499
30, 550
26, 549
27,166
27, 280
28,043
31, 328
4,580
4,781
5,202
5,586
5,977
5,901
5,816
5,628
5,133
4,384
3,920
3,698
51,876
32, 333
5,051
5,011
4,299
4,597 4,791
3,939
5,215
3,750 4,325
3,566
4,474
2,768 4,417
2,885 4,212
3,631
4,390
3,885
4,498
4,520 4,978
4,724 4,878
5,081
4,624
47, 645 55,813
3,970 4,651
6, 388
6,119
6,834
6,886
7,295
8,310
9,169
9,398
9,238
9,318
8,879
7,915
7,979
2,212
1,599
1,343
2,073
1,569
2,251
1,871
2,309
1,922 2,392
1,558
2,247
1,655
2,213
1,667
2,399
1,697
2,357
1,818
2,463
1,529
2,453
1,433
2,484
19, 661 27, 853
2,321
1,638
7,100
7,416
7,277
7,026
6,897
6,855
6,517
6,649
6,607
6,612
6,857
7,025
148
134
180
245
294
324
334
354
317
334
246
205
369
380
411
414
427
443
419
383
376
363
403
430
36, 960
35, 280
37, 240
43,120
41,160
31, 360
32, 480
35,000
36, 400
39, 200
41, 720
40,320
141, 252
145, 744
141,809
144,153
145, 982
141, 974
138, 941
136, 646
131, 560
124, 557
120, 398
114,675
6,903
3,115
260
401
450, 240
37, 520
135, 641
i Compiled by the U. S. Department of the Interior, Bureau of Mines. The above tabulation represents the annual revision of the data for 1935 and supersedes statistics that
were shown on these series in the 1936 Supplement and in the monthly issues of the Survey. Although all the monthly statistics were not revised, the complete tabulation is
shown for the convenience of the users of the statistics.
Table 15.—NEW ORDERS FOR STEAM, POWER, CENTRIFUGAL, AND ROTARY PUMPS J
[Thousands of dollars]
Month
January
February...
March
April
May
June
July
August
September. .
October
November,.
December...
Total.
Monthly av.
1919
1920
1921
1,230
1,055
1,244
1,309
1,474
1,543
2,077
2,343
2,089
2,722
2,688
3,324
3,857
3,825
3,187
2,736
2,434
2,536
2,691
2,537
2,686
2,024
2,468
1,835
1,195
877
1,193
1,291
1,028
1,055
1,134
23,098
1,925
32,815
2,735
670
1,038
1,160
1,531
13,157
1,096
1922
1923
1,779
978
2,253
960
2,525
1,219
2,455
1,226
1,761
1,341
1,890
1,648
1, 534 1,634
1,480
1,308
1,215
1,890
1,304
1,546
1,207
1,721
1,104
1,881
17, 253 20,607
1,438
1,717
1924
1925
1,218
1,191
1,441
1,561
1,466
1,145
1,155
1,124
1,107
1,096
955
1,414
1,256
1,191
1,687
1,504
1,497
1,699
1,599
1,832
1,353
1,515
1,318
1,367
14,871
1,239
17,817
1,485
1926
1927
1928
1929
1930
1,363
1.172
1,666
1,734
1,467
1,313
1, 422 1,381
1,471
1,392
1, 689 1,832
1,453
1, 917 1,495
1,702
1,437
1,497
1, 539 2,214
1,763
1,529
1, 565
1, 463 1,811
1,867
1,406
1, 540 2, 054 1,321
1, 627 1,441
1,389
1, 495 1,817
1,979
1, 521 1, 614 1, 858 1,392
1,500
1,210
1, 667 1,242
1,439
1,517
1,333
1, 907 1,057
1,742
1,495
1,435
997
1, 572
2,119
1,565
1, 333 1,459
1,077
1,619
19,379 17, 567 18,417 21, 640 15,893
1,615
1,464
1, 535 1,803
1,324
1931
1932
1933
784
970
1,094
940
S95
893
795
619
582
495
581
9,442
787
489
549
639
489
528
481
431
427
477
427
408
399
5, 743
479
329
476
456
518
563
788
784
838
822
689
658
597
7,517
62G
1935
,
i
j
!
731
729
582
795
769
942
70(5
811
772
792
743
642
614
870
683
911
698
783
782
857
65f>
863
731
919
8,466 j 9,916
70G I 820
1936
1,153
1,226
1,190
1,267
1,189
1,250
1,379
1,542
1,183
1,198
1,046
1,535
15,159
1, 263
i Compiled by the Hydraulic Society from reports of 32 companies for the years 1919-27, inclusive, 33 companies for 1928, 34 companies for the years 1929-33, inclusive,
and from 35 companies subsequent to the latter date. The occasion of the revision was the addition of data of new member companies and the elimination of data of 1 company of substantial size. The inclusion of the new companies increased the coverage to about 70 percent according to the Society. Statistics of reciprocating deep-well pumps,
which represented 3 percent of the total in 1933, were excluded, beginning with January 1934. Statement shown in footnote on page 176 of the 1936 Supplement reading, " Figures beginning with April 1931 include rotary pumps, this class representing about 11 percent of the total for the 9 months April-December 1931", is incorrect, as rotary pumps
have always been included in the series, although not reported separately by the Association. For 1937figures,see p. 49 of this issue.
20
SURVEY OF CURRENT BUSINESS
April 1937
Table 16.—LUMBER*
[Millions of feet , board measurej
Production i, all t y p e s
Month
Total
Shipments >, all types
Softwoods
Hardwoods
1935
1935
1936
1935
1936
1,189
1,238
1,355
1,499
1,495
1,478
1,798
2,007
1,937
2,156
1,779
1,608
1,614
1,469
1,718
2,005
2,052
2,052
2,218
2,171
2,151
2,352
1,816
1,827
968
1,001
1,089
1,227
1,215
1,214
1,519
1,700
1,621
1,842
1,499
1,353
1,337
1,207
1,423
1,711
1,735
1,725
1,881
1,823
1,800
2,001
1,502
1,516
221
237
266
272
280
264
279
307
316
314
280
255
Total
19, 539
Monthly av_._ 1,628
23,445
1,954
16, 248
1,354
19, 660
1,638
3,291
274
January
February _
March
._
April
May
June
July
August
September
October __
November
December
Total
Stocks, end of m o n t h , all types
Softwoods
Hardwoods
1935
1935
1936
1935
1936
277
262
295
294
318
328
337
348
351
351
314
311
1,402
1,389
1,488
1,605
1,825
1,573
1,790
1,946
1,834
1,996
1,643
1,482
1,700
1,585
1,853
2,093
1,962
1,972
2, 056
2,005
2,122
2,327
1,751
1,899
1,165
1,141
1,218
1,327
1,532
1,251
1,469
1,648
1,527
1,667
1,361
1,234
1,406
1,294
1,502
1,755
1,644
1,663
1,742
1,674
1,781
1,972
1,411
1,581
237
248
269
277
293
322
320
298
307
330
282
247
3,785
315
19,971
1,664
23, 325
1,944
16, 540
1,378
19,424
1,619
3,431
286
1936
Total
Softwoods
Hardwoods
1935
1936
1935
1936
i935
294
291
351
338
318
309
315
331
342
356
340
319
7,663
7, 506
7,379
7,254
6,939
6,838
6,850
6,912
7,010
7,162
7,292
7,335
7,239
7,114
7,018
6,927
7,031
7,113
7,265
7,419
7,438
7,463
7,512
7,432
5,606
5,460
5,339
5 221
4,919
4,879
4,932
4,980
5,063
5,235
5,367
5,402
5,323
5, 232
5,160
5 111
5,205
5,268
5,399
5,536
5,562
5,593
5,670
5,616
2,057
2,046
2,040
2 033
2,020
1,959
1,918
1,932
1,947
1,927
1,925
1,933
1,916
1,882
1,858
1 816
1,826
1,845
1,866
1,883
1,876
1,870
1,842
1,816
3,901
325
7,178
7,248
5,200
5, 390
1,978
1,858
1936
1936
1
Compiled by the National Lumber Manufacturers Association from reports of the regional lumber associations. The revisions were made for the purpose of incorporating
revisions in some of the regional statistics and to adjust the totals to the 1935 census returns. This latter adjustment necessitated revisions in both the 1935 and 1936 figures, but
the 1936 figures are subject to further revision when the census data for that year become available. That portion of the footnote on page 174 of the 1936 Supplement reading,
"These data are based on reports received from regional associations and are corrected to the trend shown by the annual production figures reported by the U. *S. Department
of Commerce, Bureau rof the Census, that is, the production figures through 1934 w;ere corrected, etc.", was partly incorrect. An exception should have been made of the 1932
and 1933 data which w ere not adjusted to the Bureau of Census totals by the National Lumber Manufacturers Association because the reports to the Association showed larger
totals than the censusfiguresand were considered by the Association to be more complete. For 1937 data see p. 47 of this issue.
x
Table 17.—SOUTHERN AND WESTERN PINE LUMBER
[Millions of feet, board measure]
Southern Pine
Month
Production
1935
January
February
M^arch
April
May
June
July
August
September
October
November
December ._
- -
- -
-
--
_
-
-
--
-
- - -
- --
.-._..-.
..
. -
Total
Monthlv average
Shipments
1936
1935
Western Pine
New orders
1936
1835
Production
1935
1936
Stocks, end of
month
Shipments
1935
1936
1936
1935
1936
413
405
437
456
477
499
553
550
529
579
540
522
523
487
548
580
591
586
634
628
640
671
661
671
449
430
491
482
628
581
588
585
530
569
525
472
521
494
593
600
596
591
609
633
655
691
641
696
459
433
488
501
716
529
559
577
530
564
530
497
566
499
613
560
556
561
604
693
645
691
676
796
89
112
151
219
359
403
444
493
429
426
305
225
158
150
224
322
432
466
491
516
477
471
365
264
212
202
218
247
353
330
340
365
316
349
263
219
254
230
282
319
363
384
381
397
424
454
362
351
1,293
1,203
1,136
1,108
1,114
1,187
1,291
1,419
1,532
1,609
1,651
1,657
1,561
1,481
1 423
1,427
1,495
1,577
1,687
1,806
1,859
1,876
1,879
1,792
5,960
497
7,220
602
6,330
528
7,320
610
6,383
532
7, 460
622
3,655
305
4, 336
361
3,414
285
4,201
350
1,350
1,655
i See footnote for table 16.
Table 18.—FORECLOSURES—METROPOLITAN CITIES AND NONFARM REAL ESTATE
Metropolitan cities
[Mo. average 1926=100]
Year
Index
1926
1927
1928
1929
1930
1931
100
137
180
212
235
300
Month
January
February..
March
April
May
June
I July
August
i September.
I October
! November.
! December.Monthly average..
1932
326
306
347
348
355
418
385
413
438
374
420
421
382
Nonfarm real estate
[Mo. average 1934=100]
1933
416
391
384
335
445
469
395
419
352
361
381
391
1934
1935
Month
1936
1934
1935
1936
359
323
368
357
375
376
371
370
378
389
399 |
377
431
352
412
398
405
395
368
365
337
333
297
304
287
266
302
302
279
280
279
259
278
259
235
268
January
February
March.!
April
May
June
July
August
September
October
November
December
|
|
'
i
i
-I
I
•
!
':
I
!
99.7
88.5
99.8
95.6
101.7
100.4
95.1
97.3
101.8
104.3
109.3
106.6
110. 2
95.7
109.8
107.7
111.4
106.7
97.2
96.3
91.1
94.3
84.4
88.2
78.9
77.6
83.2
83.9
82.6
81.7
82.7
78.3
85.7
77.8
75.1
84.4
370
366 ;
274 M M o n t h l y average
;
100.0
99.4
81.0
II
Si
!|
i|
jj
1
Computed by the Federal Home Loan Bank Board. The index of foreclosures in metropolitan cities represents the trend of foreclosures in practically all cities of over
100,000 population, the number of cities reporting in 1926 and in 1932 through August 1934 being identical. Since August 1934 the number of reporting cities has varied. To
obtain the September 1934 index, the percentage change between data for the cities reporting in that month and a comparable number of cities in the previous month was
applied to the August 1934 index. This method was followed for each month thereafter. For the years 1927 through 1931, data were received from only 13 cities, these cities
reporting also in 1926 and in 1932 and thereafter. Index numbers for the 13 cities, based on 1926 as 100, were computed for the years 1927 through 1932. These indexes for 1927
through 1931 were then adjusted to compare with the more complete indexes by applying to them a percentage adjustment factor. Indexes for 1927 through 1931 were computed only on an annual basis.
The index of nonfarm foreclosures is a simple relative computed from specified county reports from all States throughout the country, data representing approximately
60 percent of all nonfarm foreclosures. Monthly figures are percentages of the estimated monthly total? to the estimated average monthly number of foreclosures in 1934, while
annual data represent percentages of the estimated total annual number of foreclosures to the estimated 1934 total. The foreclosures included in the index for metropolitan
cities are also included in the index of nonfarm foreclosures. For 1937 figures see p. 25 of this issue.
21
SUEVEY OF CURRENT BUSINESS
April 1937
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1937
1937
1935
1936
1935
Mar. Mar. Mar. Mar. Feb. Mar. Mar. Mar. Mar.
30 23
27
20 13
6 27
28 21
Finance—Continued.
Banking:
Debits, outside N. Y. C.t—. 104.3 108.! 91.1 113.7 106.5 78.0 93.3 73.7! 81.5
Federal Reserve reporting
member banks:!
Loans, total
73.0 72.4
64.7! 64.9
Interest rates:
Call loans!
24.2 24.2 24. 24.2! 24.2 18.2
20.
Time loans!
28.6 28 6 28. 28.61 28.6 22. 9
Money in circulation!
131.4 131.7 131. 131.91131.5 120.5 120. 6 112.5
Production:
132.4 130.3 133.1 166.0 146. 7 129.01124. 81135. 4 131.2
Automobiles
92.
110.2 108.9 109.6 107.9 110.3 63.3
Bituminous coal!
' " ' 6"•*"'
88.6
135. 0 134.
134.1* 133.2 97.4
Cotton consumption!
132.1 132.51112.1 111 102.8, 103. 5
132.1 132.7
Construction contracts!-.
Electric powert
46.0 48. 6i 47.6 49>. 6 36.1 36. 5
50.5 50.8
Distribution: Carloadings.
Lumber
164.7 165. 5
158.4 158.21138.1
Employment: Detroit, factory.
Petroleum
148.7
Steel ingots §
140. 4 101. 2! 87. 5
Finance:
Receipts, primary markets:
46.4| 47.4! 41.81 42.8! 40. 8| 47.71 53.6 56.8i 59.0
Failures, commercial
Cattle and calves
72.9 71.2
70.3 71. 0, 55.4 62.0
44.0 44.4 44.8 46.9 42.2! 45.6 35.7 34.1
Hogs
Security prices:
I I !
i l l ! 1
Cotton
Bond prices!
59. 6, 47.71 73.1 54.2 45.8| 45.4| 33.1 27.6 38.8
Wheat
18.41 18.5! 25.7! 30.8 12. l\ 11.7
Stock pricest---113. 71114. 2|115. 61116.11116. 2ill4. 0.114.1(105. 0J105. 7
17.41
138.11141. 2H44. 7il44. 21141. 2ll2c. 11124.41 83.01 82.4
*Computed normal=100.
• D a t a do not cover calendar weeks in all cases.
tDaily average.
fWeekly average, 1928-30=100.
^Seasonally adjusted.
§ Based on daily average production rather than percent of capacity since the beginning of 1935.
#
Business activity:
New York Times*
Business Week*
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)
Farm products (67)
Food (122)
Allother (595)
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolytic!
Cotton, middling, spot.
WEEKLY BUSINESS STATISTICS
1937
|March 27 March 20 March 1
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb__
Cotton, middling, spot, New York
do
Food index (BradstreeV s)
do
Iron and steel composite
dol. per ton__
Wheat, No. 2, hard winter (K. C.)
dol. per bu._
1935
1936
March r,!
Fe])
ar
™ y
F
1934
^ r u a r y March 28 March 21 March 301 March 23 March 31
0.160
.146
3.01
40.13
1.41
0.160
. 145
3.01
40. 10
1.37
0. 154
. 145
2. 99
39. 99
1.38
0. 148
. 110
2. 96
39. 47
1.38
0. 142
. 133
2. 94
36. 95
1.33
0.131
.130
2.95
36.71
1.38
0.090
.116
2.59
33.13
1.02
0. 090
.114
2.59 j
33. 05
1. 05
0. 088
.11
2.65
32. 30
.98
0. 088
.113
2.62
32.33
.96
0.078
. 122
2. 11
31.34
.81
4,920
4,830
5,127
5,045
4, 121
4,226
4, 224
4,115
3, 677
4,479
3,574
3,618
5,247
4,326
3,187
3,430
3,848
3,782
3, 074
2, 966
',463
3
2,454
3
5
2.430
6, 749
1,380
2,430
6, 660
1, 310
2, 460
3
4
2, 430
6, 705
2,097
2,478
3
3
2,430
6,768
2,186
2,485
5
6
2, 430
5, 059
2,314
2,485
5
6
2, 430
5,144
2, 393
2,452
2, 430
6, 578
1,269
2,450
3
4
2, 430
6, 830
1,449
4, 833
5, 272
2, 457
3
8
2, 430
4,285
1,888
2, 455
5
8
2, 430
4, 361
1,950
15,336
5,129
13, 213
8,696
15, 541
5,128
13, 361
8,828
15,649
5,147
13, 541
9, 024
15, 501
5,167
13,597
9,067
15, 638
5, 111
13,621
9, 094
15, 604
5,093
13, 621
9,107
13, 747
4,921
13, 407
8,860
13,771
4,922
13,387
8,865
11,779
4,898
11,665
7,858
11,746
4, 883
13,655
7,887
2,519
29
53
2, 432
3, 439
1,432
12,361
4,890
9,868
6, 652
1,205
9, 347
3,367
5,980
1.00
1.25
1,213
9, 337
3, 368
5, 969
1.00
1.25
1,203
9, 260
3,367
5,893
1.00
1.25
1,208
9,121
3,280
5,841
1.00
1.25
1,209
9,054
3,272
5,782
1.00
1.25
1,210
8,968
3,213
5,755
1.00
1.25
1,264
8,204
3,210
4,994
.75
1.00
1,257
8,250
3,269
4,981
. 75
1.00
752
8, 083
3,156
4,927
1.00
.88
746
8, 115
3, 170
4, 945
1.00
.88
8, 669
3,704
4, 965
1.00
1.00
4.593
4.88
189
6,381
4.590
4.89
193
6,393
4.575
4.88
170
G,389
4.620
4.89
174
6,405
4.651
4.89
166
6,386
4.656
4.90
203
6,365
6.606
4.96
194
5,851
6.634
4.97
218
5,857
6.589
4.80
231
5,464
6. 620
4.77
240
5, 470
6.570
5. 11
230
5,358
73,610
101.85
6,831
134.11
126.0
147.9
102.8
61.0
107, 310
102. 29
10, 365
137.11
129.5
151.8
105.0
64.5
118,290
103. 51
14, 545
140. 48
132.4
155.7
106. 8
64.3
88, 810
103. 94
14,844
140.07
131.5
154.8
108.0
61.2
58, 270
104. 05
9, 953
137. 09
128.5
150.9
108. 0
58.2
95,030
104.12
13,100
138.78
129. 5
151.7
110.3
58.3
59,890
102. 07
9,572
121. 46
108.8
125.4
101.5
48.3
61, 580
102. 14
10, 568
120. 84
107.8
123.7
102.1
48.2
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
52,100
92. 64
5,542
88.93
75.9
83.6
75.2
46.6
101,046
1,876
2,200
3,431
99, 450
1,854
2,211
3, 448
S9
7,509
101, 563
1, 867
2,213
3,373
88
8,085
126, 643
1,838
2,200
3,299
86
111,915
1,878
2,207
3,296
85
9,180
95, 698
1,791
2,212
3,296
86
8,300
98,415
1,078
1,867
2, 876
61
7,434
95, 223
965
1,862
2, 836
53
7,660
103, 286
1,605
1,713
2,563
47
5,535
100,065
1,566
1,725
2, 600
49
4,108
79,913
1,533
1,666
2,325
47
4, 682
761,109
183,150
38,173
28, 245
10,821
170, 216
12,014
318,490
759,269
184, 275
37, 387
29,481
11,782
171,357
10,945
314,042
748,993
178,279
38, 821
28, 781
11,509
169,648
10,115
311,840
734,127
171,215
36, 420
28, 671
11,448
170, 872
10,664
304, 837
696, 727
171,133
34, 679
27, 772
11,003
153,131
10, 683
288,326
714,884
168,750
37,111
29, 852
11,669
166,476
10,921
290,105
594, 789
100,009
29,842
29,566
12,177
156, 233
4,703
262, 259
568, 851
91,478
30,149
32, 287
12,192
146,682
5,858
250, 205
616, 520
145, 976
24, 806
20, 981
11,029
160, 909
4, 151
242, 668
607,178
145, 222
26,047
25, 859
10,082
160,471
4,647
234, 250
610,190
147, 938
23, 781
27, 523
13,544
166, 170
4,199
227. 035
155
1,385
230
286
124
1, 941
225
288
190
1,582
211
291
141
1, 464
205
304
119
1, 469
202
327
176
2,067
222
274
118
2, 048
224
296
86
2, 454
175
232
75
1,010
196
221
101
931
217
397
140
1,84 5
FINANCE
Banking:
Debits, New York City
mills, of d o L .
Debits, outside of New York City
do
Federal Reserve banks:
Reserve bank credit, total
do.....
Bills bought
do
Bills discounted
do
U. S. Government securities
do
Member bank reserve balances
do
Excess reserves, estimated
do
Federal Reserve reporting member banks:
Deposits, net demand, adjusted
do
Deposits, time
_'
do
Investments, total
do
U. S. Government direct obligations
do
Obligations fully guaranteed by U. S. Government
mills, of doL_'
Loans, total
do
On securities
do
Allother
do
Interest rates, call loans
percent..
Interest rates, time loans
do
Exchange rates:
French franc (daily av.)
cents._•
Pound sterling (daily av.)
dollars,Failures, commercial
number._
Money in circulation
mills, of dol_.;
Security markets:
Bond sales (iV. Y. S. E.)
thous. of dol. par value. .•
Bond prices, 40 corporate issues
dollars
Stock sales (Ar. Y. S. E.)
thous. of shares..
Stock prices (N. Y. Times)
dol. per share
Stock prices (Standard Statistics) (419)
1926=100
Industrial (347)
do
Public utilities (40)
do
Railroads (32)
do
P R O D U C T I O N , CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Cram's estimate)
number..
Bituminous coal (daily av.)
thous. of short tons
Electric power
mills, of kw-hr j
Petroleum
thous. of bbl._
Steel ingots (Dow-Jones, est.)
pet. of capacity..
Construction-contract awards (da. av.)_.thous. of d o L .
Distribution:
Freight-car loadings, total
cars..
Coal and coke
V.'.Vdo..""
Forest products
<io___~
Grain and products
___ _ _ do
Livestock
I~~~~~"~~do
Merchandise, 1. c. 1
.
do
Ore.
d0"_"
Miscellaneous
do
Receipts:
Cattle and calves
thousands
Hogs
<l0
Cotton into sight
thous. of bales .
Wheat at primary markets
thous. of bu I
* Data do not cover calendar weeks in all cases.
22
SUEVEY OF CURRENT BUSINESS
April 1937
Monthly Business Statistics
The following table represents a continuation of the statistical series published in the 1936 Supplement to
the Survey of Current Business. That volume contains monthly data for the years 1932 to 1935, inclusive, and
monthly averages for earlier years back to 1913 insofar as available; it also provides information as to the sources
of the data and sufficient descriptive material for a proper interpretation of each series. These notes also indicate
the source from which monthly figures prior to 1932 may be obtained. It is essential that all users of the SURVEY
have this base book which may be secured from the Superintendent of Documents, Government Printing Office,
Washington, D. C , for 35 cents per copy.
A few series have been added or revised since the 1936 Supplement went to press. These are indicated by
an asterisk (*) for the added series and by a dagger (f) for the revised series. A brief footnote accompanying
each of these series provides a reference to the source where the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variation. Data subsequent to February will be found in the Weekly Supplement to the SURVEY.
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey.
1937
February
1937
1936
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
BUSINESS INDEXES
BUSINESS ACTIVITY (Annalist)
Combined index
computed normal=100..
Automobile production
do
Boot and shoe production!.
_. _ do
Car loadings, freight
do
Cement production
do
Cotton consumption
, _ do
Electric power production
_._do
Lead production
do
Lumber production
_
» . do
Pig iron production
.
__do
Rayon consumption
do
Silk consumption _ _
do
Steel ingot production . .... . _ do
Wool consumption
do
Zinc production
.
do
INDUSTRIAL PRODUCTION
'89.0
89.8
119.8
89.2
42.9
104.9
97.4
71.6
73.8
67.5
109 4
59.8
67.0
117 3
68.1
'89.5
109.9
119.9
87.4
52.8
107.6
96.2
71.5
77.6
68.0
96.3
65.8
70.2
107 2
74.1
94.1
117.6
114.8
91.0
63.3
112.4
98.3
79.7
75.3
80.8
105.3
70.2
95.6
86 2
81.7
'95.9
112.6
115.0
93.1
66.2
105.4
100.0
82.6
82.8
85.7
104.5
68.6
91.3
89 3
84.3
97.6
112.5
108.1
92.3
' 62.9
118.8
99.7
84.7
82.7
91.3
129.8
70.3
97.0
108.4
88.0
r 102. 4
118.9
129.2
95.1
64.2
141.5
102.1
87.3
84.6
95.5
145.4
77.2
100.3
112.9
89.8
102.5
107.3
128.1
93.0
71.8
133.3
104.9
71.3
86.6
100.0
126.7
83.2
108.9
112.1
83.4
' 102.9
91.7
132.5
94.7
69.9
137.2
104.9
70.9
87.7
107.5
100.3
87.2
108.9
112.1
81.1
r 103. 3
96.3
128.4
97.2
75.7
124.3
104.1
78.3
86.6
114.1
107.3
79.2
112.4
98.2
84.2
' 107.1
100.6
138.1
102.8
82.3
129.2
104.7
86.1
74.5
117.2
121.9
82.8
121.6
127.2
84.2
110.5
115.7
162.4
101.3
80.3
151.0
105.3
94.4
80.7
121.2
133.5
88.6
121.9
169.6
84.1
' 104. 8
103.1
' 153.8
95.1
80.1
133.9
' 107.0
85.0
68.0
119.8
' 106.1
78.5
109.9
111.8
71.6
120
51
86
244
136
p 137
95
93
93
29
82
174
87
115
172
89
96
97
124
42
86
194
94
112
168
85
104
105
149
70
85
235
111
11G
178
113
105
105
142
88
82
231
114
104
179
121
104
105
134
93
87
196
113
99
181
130
105
105
128
91
90
198
111
113
182
124
106
106
82
100
87
226
118
128
186
119
108
107
42
101
90
236
118
130
189
111
110
65
99
95
242
124
123
192
118
115
115
127
90
104
164
127
112
189
114
114
147
71
101
89
126
114
192
1 9^
112
113
120
52
91
77
134
12G
189
v 134
153
p 110
p 54
P 102
108
135
107
' 107
' 97
103
132
90
r 44
' 71
103
140
95
'72
71
60
145
99
90
93
93
107
58
87
184
83
108
168
85
69
150
97
95
101
100
122
72
90
213
100
112
178
113
107
167
102
57
72
164
68
147
85
97
108
109
124
75
92
220
119
114
183
124
113
158
104
'51
75
177
58
152
88
93
108
110
111
77
91
226
121
115
186
119
120
173
110
'58
87
178
57
150
106
93
109
110
107
81
90
236
119
112
189
122
118
157
115
'67
94
167
73
153
118
98
110
111
93
87
93
242
127
112
191
118
126
153
115
'71
106
93
77
150
106
100
114
115
105
91
98
164
138
116
188
126
130
156
'105
Gl
93
84
140
100
82
94
92
C3
49
84
174
83
113
172
89
101
161
101
'62
66
157
70
149
101
99
104
105
118
75
88
218
113
103
181
130
132
149
111
72
103
72
163
100
147
101
r 77
' 67
120
73
150
88
95
101
101
117
74
84
220
105
113
180
121
81
156
114
100
121
121
122
91
99
89
143
134
191
123
77
' 158
100
85
' 114
v 126
168
p 134
p 50
102
148
111
100
92
100
140
97
54
71
100
152
106
69
84
59
146
90
85
70
150
96
91
116
154
101
69
79
81
71
144
101
104
120
147
99
51
76
87
60
149
88
100
120
157
102
58
82
93
60
146
111 1
98 j
114
146
105
52
86
98
71
152
119
101
121
150
112
69
95
110
74
152
99
100
124
165
' 109
56
83
62
143
93
77
107
147
100
72
74
80
69
146
103
103
139
183
117
73
97
70
^166
100
145
102
77
76
80
75
149
91
94
80
161
113
98
76
' 164
99
80
106.1
116. &
103.1
75.5
139.6
105.9
81.4
71.0
115.1
98.7
76.0
102.5
110.0
73.7
(Federal Reserve)
Combined index, unadjusted
1923-25=100..
Manufactures, unadjusted
do
Automobiles
,. do
Cement
__
do
Food products
do
Glass, plate
do
Iron and steel-.
do
Leather and products ! do _
Petroleum refining
do
Rubber tires and tubes
do
Shiobuildinsf
do
Textiles
do
Tobacco manufactures
do
Minerals, unadjusted!
_
_do
Anthracite!--.
do
Bituminous coal
do
Iron-ore shipments
do
Lead
do
Petroleum, crude
do
Silver _
do
Zinc
do
Combined index, adjusted __
do
Manufactures, adjusted
do
Automobiles
_
do
Cementdo
Food products
do
Glass, plate__-.._
_ do
Iron and steel
tio
Leather and products!„
do
Petroleum refining
do
Rubber tires and tubes
do
Textiles
do
Tobacco manufactures
do
Minerals, adjusted!
do .
Anthracite!
do
Bituminous coal
do
Iron'Ore shipments
do
Lead .
do
Petroleum, crude
..do
Silver
.
do
Zinc.-_
do
p 117
P
89
P 116
P116
120
85
87
244
129
v 134
84
120
86
89
77
139
' 136
189
v Preliminary.
' Revised.
t Data revised for 1936. For revisions of the Annalist index, boot and shoe production, Federal Reserve indexes, leather and leather products, unadjusted and adjusted,
combined index of minerals unadjusted and adjusted, and anthracite, unadjusted, and adjusted, see p. 22 of the March 1936 issue.
23
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey.
1936
1937
February
February
March
April
May
June
1937
July
Decem- January
October NovemAugust September
ber
ber
BUSINESS INDEXES—Continued
MARKETINGS
Agricultural
products, combined Index
(quantity)
1923-25=100
Animal products .
do
Dairy products..do
Livestock
do
Poultry and eggs
do
Wool
. do
Crops
do
Cotton ._
,
do
Fruits „
— do _
Grains
do
Vegetables
do
Agricultural products, cash income from farm
marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100
Adjusted
.
_
do _
Crops, adjusted
do
Livestock and products, adjusted
do
Dairy products, adjusted
do
Meat animals, adjusted.
do
Poultry and eggs, adjusted
do
COMMODITY STOCKS
Domestic stocks, combined index (quantity)
1923-25=100Manufactured goods
do
Chemicals and allied products
do
Food products __ .
_do
Forest products
do
Paper, newsprint
do
Rubber products
„ __
do
Raw materials
do
Chemicals and allied products.
do
Foodstuffs _ do _.
Metals
do
Textile materials
do
World stocks of foodstuffs and raw materials,
combined index (quantity)..1923-25=100_.
Coffee, adjusted _
. . . do
Cotton, adjusted
do
Rubber, adjusted
do
Silk, adjusted
do. Sugar, adjusted
._
do
Tea, adjusted
T i n , unadjusted
Wheat, adjusted__
.
-do
do
. „_ __do
56
62
75
59
67
18
51
54
68
31
80
57
61
85
57
59
35
53
57
65
34
85
67
77
95
65
108
37
56
41
72
51
98
65
80
98
64
120
46
50
35
79
43
84
68
84
114
60
128
164
51
31
82
48
94
74
94
142
66
114
380
63
25
64
63
99
89
90
113
70
89
485
88
16
87
172
66
80
81
94
75
80
152
78
71
78
93
57
110
80
90
80
72
99
140
259
89
47
95
127
89
96
93
73
91
165
304
104
58
112
106
95
82
91
115
117
116
200
78
54
77
83
89
80
82
120
46
77
106
71
49
72
66
74
76
73
81
39
57
57
78
42
79
59.5
70.5
63.0
78.5
84.5
82.5
59.5
53.0
63.0
48.5
78.0
85.0
79.0
63.5
59.5
67.5
55.5
80.0
84.5
79.5
79.5
58.5
69.5
56.5
83.0
83.5
87.0
75.0
64.0
72.5
67.0
78.5
79.0
77.0
80.5
69.5
80.0
77.0
83.0
77.0
84.0
86.5
84.0
88.0
89.5
86.0
81.5
88.5
86.5
75.0
74.5
61.5
87.5
87.0
89.5
89.0
89.0
77.5
65.0
90.0
91.0
92.5
81.0
104.0
76.0
60.0
93.0
94.0
95.5
77.5
88.5
77.5
61.5
94.0
91. 5
99.0
80.5
86.0
78.5
64.5
92.5
91.5
100.5
77.5
' 75. 5
'75, 0
'63.5
87.0
89.5
' 89. 0
78.5
119
108
152
109
110
61
122
127
83
103
89
195
122
105
132
65
112
61
113
134
88
103
86
213
115
104
133
62
109
70
115
123
81
96
84
194
109
102
128
62
108
66
115
115
76
93
72
177
106
102
125
66
107
61
115
108
73
95
73
156
103
105
119
78
111
80
112
102
71
94
84
137
104
100
118
85
113
76
114
106
69
120
83
119
109
102
122
88
114
82
114
113
75
128
93
126
121
101
125
86
112
67
120
136
95
128
96
181
131
101
123
90
113
63
120
153
107
132
106
220
134
102
121
99
113
61
120
158
110
127
103
240
132
106
131
112
116
55
121
150
104
118
107
232
120
M08
'143
113
111
71
122
'139
'93
' 111
101
214
183
365
155
232
199
210
400
154
319
234
263
123
75
152
208
413
161
306
221
264
133
77
137
207
403
161
300
220
268
139
64
134
202
387
170
281
207
256
138
77
124
195
418
160
286
200
235
134
68
116
193
420
156
295
192
209
126
66
139
192
400
165
278
196
200
125
73
142
193
375
195
272
187
175
126
65
142
188
372
184
259
178
192
123
69
129
184
378
179
242
179
226
132
93
118
189
386
175
236
186
219
111
100
120
'186
362
170
'237
190
216
102
101
124
96
95
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined indexes
1923 = 100
Clothing
do..__
Food
do
Fuel and light
__do _
Housing
do
Sundries _ _ _ _ _
_
do
PEICES EECEIVED BY FARMERS
(17. S. Department of Agriculture) §
Combined index
1909-14=100
Chickens and eggs
_do
Cotton and cottonseed
do
Dairy products
do._
Fruits _
-_._
do
Grains
do
Meat animals
do
Truck crops
do
Miscellaneous
do
RETAIL PRICES
U. S Department of Labor indexes:
Coal 1
. .
1913=100
Food f
_1923-25=100
Fairchild's index:
Combined index.
Dee. 1930=100. _
Infants' wear
Men's
Women's
_ .
Home furnishings.-.
Piece goods
_
do
do
do
do
do
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (784)
1926=100-.
Finished products
Raw materials _
Semimanufactures
__
do
do
...do
87.2
75.0
86.3
86.5
82.8
96.1
83.5
74.1
82.3
87.1
74.1
94.4
83.2
74.0
81.0
87.1
74.7
94.4
83.4
73.8
81 0
86.7
75.9
94.4
83.8
73. 6
81.7
84.7
77.1
94.4
85.1
73.3
85.6
84.5
77.6
94.3
85.2
73.0
85.8
84.7
78.1
94.4
85.6
73.2
85.8
85.0
79.3
94.5
85.9
73.6
86.1
85.6
80.3
94.5
85.7
73.8
84.6
86.2
80.8
94.9
85.8
7-10
84.3
86.5
81.4
95.1
86.1
74.1
84.7
86. 6
81.8
95.3
86. 9
74.3
86.4
86.4
82.2
95.8
127
101
108
126
127
146
126
143
147
109
121
94
123
92
92
125
117
94
104
99
93
118
94
92
122
77
91
105
97
96
114
89
89
125
107
94
103
101
96
106
103
88
118
105
97
107
103
96
106
115
87
120
99
120
115
106
105
116
117
109
119
115
131
124
112
103
125
108
129
123
134
152
124
119
106
128
105
130
123
153
141
121
127
104
125
104
128
120
131
133
120
141
103
126
97
127
118
104
133
126
133
105
127
93
134
122
99
168
131
110
107
128
105
143
128
115
182
84.5
80 6
79,5
164
79.7
79 9
83.8
157
84.0
84 0
84.3
82.8
82 5
82 9
84.6
93.7
88.3
88.1
88.1
88.1
87.9
88.1
88.5
89.3
90.0
90.8
91.7
93.0
95.1
89.0
92.5
94.0
87 6
92.7
87.3
89 5
89 3
84 6
92.9
87.3
89 5
89.2
84 5
92.8
87.4
89.8
89.2
84 5
92.8
87.5
89 9
89.3
84 6
92.6
87.4
90 2
89.2
84 9
92.6
87.5
90.4
89.4
85 0
94.4
87.6
90.4
89.4
85 2
94.5
87.7
90 7
89.9
85 4
94.5
87.8
90.9
90.3
85.6
94.6
87.9
91 0
90 9
85 7
94.9
88.1
91.4
91.8
86 1
94.9
88.4
92.2
93.1
87.0
86.3
80.6
79.6
79.7
78.6
79.2
80.5
81.6
81.6
81.5
82.4
84.2
85.9
85.4
88.3
85.5
82.2
79.1
74.6
81.3
77.4
74.4
81.6
77.0
74.5
80.5
75.8
74.1
80.7
77.6
73.9
81.6
79.8
75.2
82.4
81.5
75.6
82.3
81.8
75.9
82.0
82.1
76.2
82.6
83.1
78.6
83.8
85.0
82.3
84.9
88.1
85.4
' Revised.
1 Not available subsequent to July 1936. A new index, based on weighted average prices, rather than unweighted prices as in the present series, will be shown in a
subsequent issue.
§ Data for Mar. 15, 1937: Total 128, chickens and eggs 102, cotton and cottonseed 116, dairy products 125, fruits 133, grains 145, meat animals 129, truck crops 131,
miscellaneous 140.
t Revised Series. For monthly data for period, 1923-36 see p. 20 of the February 1937 issue.
24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1938 Supplement to the Survey
ary
April 1937
1936
February
March
April
May
June
July
1937
DecemAugust SeptemOctober November
ber
ber
January
COMMODITY PRICES—Continued
WHOLESALE PRICES-Continued
(7. S. Department of Labor indexes—Con.
Farm products - . _ . . -1926=100
Grains
do
Livestock and poultry
do
Foods
_ do
Dairy products
-do
Fruits and vegetables
do
Meats
do
Commodities other than farm products and
foods
.
. . .
1926=100
Building materials
..do
Brick and tile
do
Cement
do
Lumber.
.
,
do
Chemicals and drugs
do
Chemicals
.
do Drugs and Pharmaceuticals
. do Fertilizer materials
do
Fuel and lighting
do
Electricity «
do . _
Gas . . __
__do
Petroleum products.
do
Hides and leather
do
Boots and shoes
do _
Hides and skins
do
Leather
do
House-furnishing goods _
- d o
Furniture
do . .
Furnishings
.
do
Metals and metal products
_ -do
Iron and steel
do _
Metals, nonferrous
do
Plumbing and heating equipment
..
1926=100..
Textile products
do
Clothing
do
Cotton goods
do
Knit goods
do
Silk and rayon
do
Woolen and worsted goods __
do
Miscellaneous
do
Automobile tires and tubes
_ do
Paper and pulp
do
Other wholesale price indexes:
Bradstreet's (86)
do
Dun's (300)
do
World prices, foodstuffs and raw materials,
combined index
_. 1923-25=100 .
Coffee
do
Cotton
__
do
Rubber
__
do. .
Silk
do „
Sugar
do
Tea
do
Tin
do
Wheat
do
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWER OF THE
DOLLAR
Wholesale prices.
1923-25=100..
Retail food pricesf
do
fc
Prices received by farmers
._ do
Cost of livingf. . . .
_
.do
91.4
111.5
89.9
87.0
88.7
87.8
90.3
79.5
78.3
90.3
83.2
85.7
62.4
92.1
76.5
75.6
88.3
80.1
80.3
65.1
89.7
76.9
73.9
88.3
80.2
78.8
67.8
91.0
75.2
70.6
82.5
78.0
75.0
72.3
85.1
78.1
73.0
83.2
79.9
77.6
82. Q
85.1
81.3
88.9
82.0
81.4
83.8
79.7
84.9
83.8
102.4
84.5
83.1
87.6
76.1
86.4
84.0
102.0
83.8
83.3
89.5
71.5
87.3
84.0
102.1
81.2
82.6
87.4
73.8
84.4
85 1
102.9
79.7
83.9
88.2
74.8
85.2
88 5
109.0
85.0
85.5
88.9
75.4
87.2
91 3
113.0
91.4
87.1
88.9
82.4
90.6
84.1
93.3
91.0
95.5
99.0
87.8
95 6
83.0
70.7
76.8
78.9
85.3
88.9
95.5
82.6
79.3
85.9
73.0
64.8
76.2
84.4
84.4
56.0
94.9
100.4
91.0
85.0
81.4
77.9
84.9
86.6
86.3
69.9
78.9
85.7
89.0
95.5
83.2
78.5
85.5
73.2
64.6
76.4
82.8
84.8
57.9
94 6
100.3
90.1
84.5
81.5
78.0
85.0
86.6
86.3
70.4
78.8
85.8
88.8
95.5
83.0
77.7
84.1
73.2
64.7
76.0
84.2
87.3
58.2
94.0
100.2
87.3
84.4
81.5
77.9
85.0
86.3
86.3
70.7
78.8
85.8
89.2
95.5
82.1
78.0
84.3
73.2
64.0
76.1
83.4
88.0
57.7
93.8
99.7
89.0
83.2
81.4
77.5
85.2
86. 2
86.3
70.0
79.5
86.7
89.2
95.5
83.7
79.4
85.9
73.0
65.2
76.2
83.4
87.9
58.1
93.4
99.3
87.8
83.0
81.2
77.2
85 1
86.9
87.6
70.4
79.7
86.9
89.1
95.5
83.8
79.8
86.2
73.3
66.7
76.3
82.5
86.1
57 9
93 6
99.3
90.0
82 4
81.4
77.6
85 2
87.1
87.9
70.8
79.6
87.1
89.0
95.5
84.9
81.7
88.6
75.3
67. 6
76.1
83.2
87.2
57.5
94.6
99.3
93.3
84.2
81.7
78.0
85 4
86.8
88.1
71.4
80.1
87.3
88.3
95.5
86.1
82.2
89.0
76.5
67.4
76.8
82.8
86.0
57.9
95.6
99.3
97.2
85.4
82.0
78.3
85.6
86.9
88.8
71.7
81.0
87.7
88.8
95 5
86.6
82.5
89 2
77.9
68.0
76.8
82 7
81 9
58.1
97 0
99.3
101.2
88 4
82.3
78.8
85 7
87 9
88.9
75.4
77.4
77.5
84 2
91.3
64.7
33 7
93.1
77.3
53.1
87 5
73.8
71.0
80.7
78.1
62.0
31,6
82.8
68.1
45.0
79.9
73.8
70.8
80.7
77.1
62.1
30.9
83.8
68.3
45.0
80.3
73.8
70.2
80.8
76.2
62.0
30.1
82.2
68.6
45.0
80.5
73.8
69.8
81.1
75.5
60.6
29.1
82.2
69.2
47.5
80.5
73.8
69.7
80.9
75.4
60.3
29.3
82.6
69.7
47.5
80.6
76.5
70.5
80.7
78.7
59.3
30.7
82.0
71.0
47.5
80.6
76.5
70.9
80.8
79.5
60.3
31.6
81.2
71.5
47.5
80.6
76.5
70.9
80.8
80.0
60.8
30.2
80.9
71.3
47.5
80.7
76.6
71.6
81.2
82.0
61.1
31.1
80.5
71.5
47.5
80.8
76.7
73.5
81.5
85.5
61.2
33.4
84.3
73.4
50.1
81.5
82.2
89.5
88.5
95 5
89.6
85.3
93 3
77.4
68. 6
70. 5
82 7
83 1
58.0
99 7
99.4
110.4
92 6
83.2
79.4
86 9
89 6
90. 9
78.6
76.7
76.3
83.1
90.3
63.0
33.8
90.5
74.5
50.1
82.9
83.4
91.3
89.7
95 5
93.0
87.7
96 4
79.0
70.6
76.6
59.1
102 7
101. 4
114.9
95 5
87.9
84.5
91 2
91 7
92.0
89.4
79.0
85.5
88.4
95.5
82.3
80.1
87.0
73.2
64.5
76.1
86.2
82.1
55.7
96.1
100.5
96.7
86.0
81.5
77.9
85.0
86.7
86.9
69.7
82 2
58.3
101.7
99.7
116.0
94 3
86. 5
84.0
89 0
90.9
91.7
84.8
77. 1
77. 5
83.9
91.9
64. 4
34.5
91.9
76.2
51.8
84.8
87 8
108 8
76.8
95.2
76.3
92.1
76.0
92.0
75.4
91.3
76.3
94.5
78.5
96.4
78 9
96.8
79.5
97.1
79.1
97.8
83.5
102.3
86.2
109.5
86.9
107.7
60.3
58.3
48 2
49.9
27.8
66.3
74.0
103.3
79.5
50.5
47.0
42.6
36.3
24.9
61.1
69.5
95.3
58.1
51.3
44.5
41.9
37.2
24.2
65.8
70.1
95.5
58.7
52.1
43.0
43.0
37.4
23.5
71.0
70.9
93.4
56.6
51.3
42.5
43.0
36.5
22.4
70.3
68.0
92.1
55.2
54.7
43.5
44.1
37.1
22.3
71.1
64.1
84.0
54.6
54.8
46.0
48.5
38.6
23.9
69.8
64.8
85.5
63.5
55.9
47.9
45.2
38.2
25.0
69.3
68.6
84.7
73.3
55.2
47.5
45.2
38.4
23.7
66.1
72.3
89.0
72.2
55.0
48.4
45.2
38.6
24.5
61.6
67.7
89.5
75.8
56.9
50.9
44.9
42.2
27.0
68.3
68.0
102.1
73.2
60.6
54.9
47.1
46.8
27.5
71.3
66.9
103. 1
81.8
62. 3
55.9
47.8
50. 1
28. 7
73.8
70.8
101.2
84.2
116.7
118.3
115.7
116.7
125.0
124.1
135.0
121.8
126. 5
125.8
141.4
122.2
126.4
125.5
140.1
122.0
128.1
125.2
142.7
121.4
127.2
119.3
137.4
119.5
125.1
119.0
127.9
119.3
123.4
119.0
118. 5
118.8
123.4
118.6
118.5
118.3
123.6
120.8
121.5
118.6
122.3
121.2
122.5
118.5
119.6
120.6
116.7
118. 1
117.2
118.2
112.2
117.1
C O N S T R U C T I O N AND REAL, E S T A T E
CONSTRUCTION CONTRACTS
AWARDED
Value of contracts awarded (Federal Reserve
indexes):
51
54
r 51
60
47
53
56
Total, unadjusted.. _
1923-25=100..
39
41
47
28
35
38
Residential, unadjusted—
-do
r37
58
59
57
47
47
46
Total, adjusted
do
r63
47
40
26
43
30
32
Residential, adjusted
do
r 45
F. W. Dodge Corporation (37 States):
Total, all types:
8,731
9,605
11,269
12,966
Projects
number..
9,746
6,442
12,056
10,514
13,338
13, 242 13, 352
12,912
13,890
Valuation
thous. of dol._ 188,257 142,050 198,978 234, 632 216, 071 233, 055 294, 735 275, 281 234, 272 225, 767 208,204 199, 696 242,827
Nonresidential buildings:
2,629
2,467
2,997
2,922
Projects
number..
3,079
3,319
2,355
3,792
3,436
3,411
3,504
3,106
3,626
14,691
14, 370
14, 623
14,361
Floor space
_.-thous. of sq. ft.. 10. 701 11, 384
13,639
17, 343 15, 629
15, 916
15, 504
15,098
17,543
95,
969
Valuation
__
.thous. of doL. 65, 626 62, 611 81,460
69, 099 79, 071 65, 895
94,068
82, 252 79.079
96,125
80,380
72, 956
Public utilities:
181
167 I
222
205
214
Projects
number..
136
224
221
176
167
229
205
188
19,117 I 21, 788
18,029
Valuation
thous. of dol.. 32, 364
11,939
9,264
27, 512 17, 945 15, 735 14,171
18,106
23, 753 12, 773
Public works:
515
582
870
1,143
395
702
1,123
1,102
1,238
1,169
Projects
number..
1,092
1,330
1,782
46, 664
42,135
52,861
Valuation
thous. of doL. 27, 264 36, 325
68,767
44,191
49, 660 50, 792 t l , 107
99,103
76,435
55,839
Residential buildings all types:
5,406
6,389
7,180
8,290
6,224
3,249
8,528
8,444
7,982
7,584
Projects
number..
6,080
8,233
8,253
18, 427
18, 969
21, 553 19,986
9,115
Floor space.thous. of sq. ft.. 18, 739
15, 604 19, 736 20,547
20,624
20,501
24,393
21,181
78, 407
65, 487
Valuation
thous. of doL. 63, 004 31,176
79, 664 68,441
55, 221 67,151
70, 253 73, 605 71,994 100, 523 80,671
Engineering construction:
Contract awards (Engineering News Record)!
173, 077
thous. of doL. 189,197 164,499 147,697 195,458 141, 257 183,917 i 226,595 | 192,317 197,372 220,142 162,743 266, 301
' Revised.
1 Data for April, July, October, and December 1936 are for 5 weeks; other months, 4 weeks.
t Revised series. For data on retail food prices for period 1923-36 and cost of living for period 1914-36 see tables 5 and 6, p. 19 of the February 1937 issue.
25
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
February
1936
Februa r y ^ March
April
May
June
July
1937
| August | S e £ £ m - 1 October | N ° b v e e r m * DecemJanuary
ber
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
.__
thous. of sq. y d . . 2,371
Roads only
do
1,456
Highways and grade crossing projects administered by Bureau of Roads:
Highways:
Approved for construction:
Mileage
number of miles__
2,993
Allotments: Total.
thous. of doL. 44, 472
Regular Federal aid..
__do.
34, 247
2,902
1934-35 Public Works funds
do
7,323
Works Program funds
do.
Under construction:
Mileage
number of miles..
7, 923
Allotments: Total
thous. of dol 136, 039
Regular Federal aid
do._
69,809
Public Works Program:
1934-35 funds..
do__
12,491
Federal aid
do..
0
Works Program funds
do..
53,738
Estimated total cost,..
do
205, 239
Grade crossings:
Approved for construction:
Elimmatedandreconstructed*_numher__
157
Protected by signals*
do
419
Works Program funds alloted
thous. of doL. 13, 526
Estimated total cost
do
14, 049
Under construction:
Eliminated and reconstructed*_number...
1, 014
Protected by signals*
do_.__
309
Works Program funds allotted
thous. of doL. 100, 593
Estimated total cost
do
102, S53
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100_.
American Appraisal Co. (all types) ..1913 = 100—
174
Associated General Contractors (all types)
1913=100..
184
Engineering News Record (all types) §
1913=100..
223. 5
E. II. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100..
88.1
New York
do
110.1
108.4
San Francisco
do
109. 8
St. Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29 = 100..
90.5
New York
do
112. 0
113.0
San Francisco
do
112.9
St. Louis.
-...do
Brick and steel:
89.2
Atlanta
do____
112. 2
New York
do
108.8
San Francisco
_.do
112.8
St. Louis
do
Residences:
Brick:
82.0
Atlanta
do
108. 5
New York
.do
98.1
San Francisco
do
105. 0
St. Louis
do
Frame:
76.6
Atlanta. _.
do
103. 5
New York
.do
92.2
San Francisco.
._
do
97.2
St. Louis
_.__
do
REAL ESTATE
Fire losses
thous. of dol_. 28, 655
Foreclosures:
Metropolitan cities*..
1926=100..
Nonfarm real estate*._
_.1934=100._
Loans of Federal agencies:
Federal savings and loan associations:
1,240
Associations, total
.number..
1,143
Associations reporting
do
Total mortgage loans outstanding*
thous. of doL. 588, 038
Federal Home Loan Bank:
Outstanding loans to member institutions
thous. of doL. 141,198
Home Owners' Loan Corp.:
!,680,230
Loans outstanding*
.do
2,068
1, 396
2,662
1,579
3,835
2,767
5,235
3,621
4,188
2,942
7,913
6,208
5,903
4,648
7,613
5,196
6,082
4,482
3,769
2,550
5,468
4,026
3,385
2,836
80,104
20, 508
7,607
51,988
6,693
82,577
22, 238
7,623
52,716
6,181
73,574
21, 297
7,382
44,894
5,383
62,963
20, 692
5,975
36, 297
4,231
53,090
20,577
4,631
27, 882
4,143
50,400
22, 604
4,345
23, 451
3,686
50,476
27,929
4,248
18, 299
3,173
49,123
30, 601
4,044
14, 479
2,750
46,103
29,360
4,148
12,595
2,574
42, 093
27, 034
3,809
11, 250
2,635
42, 090
29, 059
3,671
9,360
2,880
43, 899
32, 710
3,291
7,898
12,812
10, 514 11,829
13, 631 13,185
11,949
13,163
8,881
10,335
8, 003
176,148 196, 841 210, 482 217, 441 212, 546 202, 765 194, 477 174, 781 158, 537 141,069
65,
213
44,586
50, 949 57, 019 59,808
61, 714
69, 488 70,586 69,368
65, 664
7,617
133,553
65, 222
9,409
156,714
39,841
52,005
45, 693 38,975
33, 397 26, 680 22,929 20, 379 17,206
56, 653 55,085
147
601
248
195
32
569
467
195
32
32
59, 618 75, 908 93, 420 107, 523 118, 463 117, 241 110, 725 102,028 83, 784 71,931
197, 925 222, 517 250, 203 271, 452 280, 758 278, 978 270, 622 266, 528 248, 024 229,527
464
7
39,022
40, 821
506
17
13,461
11
61, 934
207, 315
12, 561
0
55, 770
199, 498
206
542
173
542
17,971
18, 606
1,221
1,246
1,238
1,117
1,149
1,081
33
12
33
5
42
98
90, 465 101, 014 108, 272 110,865 111, 326 109, 016 104, 876
92, 211 102, 667 110,161 112, 930 113,915 111,614 107, 645
183
183
195
162
163
165
163
169
166
167
16, 037
16, 621
488
35
488
317
425
502
350
581
289
624
254
620
40, 217
41,313
34, 081
35,305
29,026
30, 367
26,575
27, 817
679
1
40, 561
41, 983
827
2
23, 615
24, 185
1,192
30
72,923
74,064
479
29
42,011
43, 526
394
0
40, 283
42, 287
518
1
34,839
35, 511
46,197
47,019
58, 645
59, 667
158
178
159
159
161
178
178
178
178
178
178*
201.2
201.2
202.2
203.4
204.6
84.6
105.4
99.5
104.2
84.8
105.4
••99.7
104.4
84.8
106. 0
99.2
104.4
'84.8
106.0
98.3
104.6
88.1
109.1
104.7
105.8
88.3
109.1
104.7
105.9
88.3
109.7
104.3
105.9
85.4
106.2
100.5
105.6
85.7
106.2
100.6
105.9
75.1
100.8
93.7
99.0
68.5
96.3
' 88. 5
90.6
228
615
20, 233
20,826
1, 039
100
101,381
103, 808
171
178
179
180
180
180
181
204.4
08.1
208.1
211.5
212.7
220.7
223. 5
83.7
107.0
99.0
104. 6
83.3
107.0
99.0
'104.5
83.3
108.4
106.1
104.5
83.3
108.4
107.3
104.5
84.8
108.4
107.8
105.2
85.1
108.3
108.2
106.2
85.2
108. 4
108.2
106.2
86.9
109. 5
111.8
108.4
86.7
109.7
103.3
106.0
110.9
104.3
106.0
86.2
110.9
104.3
r
105. 9
86.2
112.0
114.4
106.0
86.2
112.0
114.5
106.0
87.0
112.0
114.9
106.6
87.2
112.0
115.2
107.4
87.3
112.1
115.2
107.4
88.6
111.7
118.1
112.1
85.7
107.0
98.5
105.9
'85.3
107.0
97.4
106.0
85.1
107.7
98.2
106.0
84.6
107.7
98.2
p
105. 9
109.3
106.4
106.2
84.6
109.3
107.7
106.2
85.6
109.3
108.1
106.8
85.8
108.5
108.9
107.6
86.0
108.7
108. 9
107.0
88.3
111.1
112.7
109.7
76.6
100.8
94.0
100.3
76.6
101.9
94.0
100.3
76.1
101.9
92.9
101.0
74.9
103.0
93.4
101.0
74.1
103.0
93.4
' 100. 4
74.1
104.0
98.3
99.2
74.5
104.0
98.6
99.2
76.1
104.0
99.0
' 98. 8
76.3
104.1
99.2
100.6
77.0
104. 8
99.2
100. 6
80. 1
106.5
102.4
104. 1
69.3
96.3
85.9
92.1
69.3
96.9
85.9
92.1
84.9
93.0
67.5
97.4
85.2
93.0
67.1
97.4
85.2
'92.2
67.1
98.4
87.8
90.9
67.6
98.4
88.3
90.9
' 68. 0
98.4
88.7
91.5
70.0
98.4
88.9
92.3
'77.7
99. 1
88.9
92.3
75. 0
101. I
92.2
96.1
30,910
29,177
25, 787
21, 479
20, 407
22,357
21,714
20,414
20,439
22,808
30,134
25, 070
266
77.6
302
83.2
302
83.9
279
82.6
280
81.7
279
82.7
259
78.3
278
85.7
259
77.8
235
75.1
268
84.4
' 222
68.1
1,061
896
1,078
980
1,102
1,006
1,114
1,006
1,135
1,006
1,165
1,025
1,175
1,076
1,183
1,062
1,192
1,080
1,206
1,046
1,212
1,0(55
1,228
' 1,143
330,154
366,405
390,810
507, 574 532,064
531,078
544,107
576, 299
102,887
103, 354 105,969
125, 211 129, 752 134,929
137,250
145, 394
143,738
404, 722 442,027
110,922
465, 682 497,852
118, 580 122,094
2,883,503 2,801,827 2,765,098 •2,711,451
,014,423 3,040,13-7 3,060,029 3,083,312 3,092,871 2,920,739 2,897,367
DOMESTIC TRADE
ADVERTISING
Printer's Ink indexes (adjusted for seasonal
variation):
Combined index
1928-32= 100..
Farm papers
do
Magazines
do
Newspapers
do
Outdoor
do
Radio
do
76 7
94.3
88 3
78.0
66.0
82.5
75.5
52.3
189.7
84.8
66.6
86.8
81.5
71.1
192.8
87.7
72.8
89.2
85.0
70.6
185.2
88.5
76.5
87.6
86.5
70.2
184.4
90.9
73.5
88.2
88.9
73.5
202.1
90.6
73.4
90.3
87.1
74.3
224.7
88.5
80.2
87.2
84.9
72.3
230.0
91.0
76.8
91.6
86.9
68.5
268.2
§Index as of Mar. 1, 1937, is 225.3.
13310;
94.1
71.7
89.6
90.6
81.5
253.7
95.4
75.3
97.1
91.1
80.0
239.2
99.2
92.9
101.1
95.2
75.6
244.4
86.4
70.3
89.3
81.4
72.6
241.5
26
SUEVEY OF CUREENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1937
February
April 1937
1936
February-
March
April
May
June
July
1937
Decem- January
October NovemAugust September
ber
ber
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Radio advertising:*
Cost of facilities, total
Automotive—
Clothing
Electric home equipment
Financial
Foods
Home furnishings, etc
Soap, cleansers, etc
Office furnishings, supplies
Smoking materials
Drugs and toilet goods
Allother
Magazine advertising:*
Cost, total
Automotive
Clothing
Electric home equipment.
Financial
Foods
Home furnishings, etc
Soap, cleansers, etc
Office furnishings, supplies
Smoking materials
Drugs and toilet goods..
Allother..
Lineage, total
Newspaper advertising:
Lineage, total (52 cities)
Classified..
Display, total
Automotive...
Financial
GeneraL
Retail
thous. of dol_.
-do
-do
do
do
do
do
do
do
do...
..do...
do...
4,786
781
34
8
49
1,322
78
218
103
339
1,478
376
5,402
876
43
16
53
1,501
89
267
100
380
1, 606
471
13, 458
2,?49
588
516
414
2,307
567
495
210
560
2,485
3,066
2, 511
_do._.
do...
do...
do...
do...
do...
do._.
do...
do...
do...
.do...
_.
..do...
thous. of lines.
!, 399
11,210
1,832
316
360
390
1,922
360
489
160
479
2,338
2, 564
2,128
do...
.do...
__do._.
do...
__do..
do..
do,.
103, 092
20, 615
82, 477
3, 896
1,986
22,814
53, 781
91, 334
17, 546
73, 788
3, 632
1,942
19, 464
48,751
_
6,723
1,164
51
1
53
1,559
65
400
17
359
1,475
1,579
6, 126
1,031
56
22
70
1,670
91
410
13
391
1,659
713
6,185
944
39
16
85
1, 821
51
457
6
404
1, 752
010
8,891
1, 528
257
298
240
1,670
148
366
75
483
1,790
2,036
1,967
8, 493
1,548
229
86
249
1, 414
99
337
136
545
1. 757
2, 093
1,695
11,104
1,365
(595
191
358
1,585
665
446
286
593
1,938
2, 982
2,084
14, 285
1,364
895
477
425
2,198
1,051
531
304
657
2,642
3,741
2,637
14,758
2,290
696
325
421
2,452
798
501
263
648
2,926
3,438
2,736
12,203
1,419
535
545
310
1,977
561
236
341
674
2,122
3, 482
2,731
2, 031
98, 499
21,232
77, 266
6,593
2, 219
18. 287
50,167
99,166
22, 546
76, 620
4,908
1,646
16,186
53, 880
114,387
22, 521
91, 866
4, 257
1, 641
21,053
64, 916
136, 635
23,984
112, 652
6, 183
1,860
27,411
77, 198
131,986
22,646
109, 340
9,812
1,848
24, 227
73, 452
130, 762
22, 945
107,817
4, 246
2.151
18,186
83, 234
99,588
21. 521
78,066
3,348
2,970
17,176
54, 572
••61.6
62.0
3,931
626
26
9
37
1,174
70
291
8
373
1,066
251
3,832
492
5
45
33
1,290
23
285
0
423
982
254
3,777
14, 907
2,747
805
723
390
1,938
882
593
234
593
2,375
3,627
2,852
12, 299
2,147
646
531
330
1,877
534
459
180
578
2,158
2,859
2,637
127,182 117,029
24,172
24,843
92,186
103,010
8,493
7,645
1,988
1, 933
20,802
23,498
69, 086
61,751
1,443
366
14,498
2,574
751
805
411
1, 909
813
529
175
580
2,501
3,449
2,860
116,443 121,887
22, 548
21,991
94, 452
99, 339
7,813
5, 453
2,488
2,773
21,812
22,899
67, 227
63, 327
38
1,207
33
249
0
397
976
369
4,894
770
24
27
44
1,333
29
314
6
439
1,273
635
4,441
731
31
0
36
1,257
77
279
33
395
1,263
339
4,833
74,2
29
4
33
1,432
85
265
GOODS IN WAREHOUSES
Space occupied, merchandise in public
warehouses
_
percent of total..
60.7
61.8
62.1
61.2
61.3
61.0
61.3
61,7
61. J
61.7
2,218
2,506
2,297
2,273
2,285
2,182
1,910
2, 026
2,156
2,114
NEW INCORPORATIONS
Business incorporations (4 States)
number..
2,228
2,620
POSTAL BUSINESS
Air mail:
Pound mile performance
thousands.
Amount transported
pounds.
Money orders:
Domestic, issued (50 cities):
Number.
_. thousands.
Value
-thous. of doL
Domestic, paid (50 cities):
Number
thousandsValue
thous. of dol.
Foreign, issued—value
do...
Receipts, postal:
50 selected cities
thous. of dol.
50 industrial cities
- do.-.
745,845 902,749 885,274 920, 629 949,828 1,055,015 1,051,115
1,060,488 984.288 1,166,914
907. 003
,167,635 1,396,977 1,355,200 1,444,013 1,476,469 1,616,191 1,623,239 1,528,942 1,629,711 1,511,117 11,778,912 1, 410, 974
4,046
38, 383
3,953
36,611
4,123
38, 676
3,950
37,884
3,834
36, 405
4,091
40,994
3,764
38, 354
3,633
36, 655
3, 665
37, 237
4,071
40, 616
3,907
38, 315
4, 506
43, 849
4,116
40,019
11,826
90, 413
11, 523
85, 855
2,254
13, 291
99,739
3,055
13,122
99, 510
2,450
12, 735
96, 032
2,048
13,153
102, 407
2,385
12, 598
103, 085
2,482
11,573
94,696
2,741
12,772
103,480
2,720
14,921
119,437
2,319
13,316
105, 703
2,633
16,221
122,826
5, 712
12, 596
95, 752
27, 754
3,312
26,103
3,060
28, 839
3,318
28,944
3,320
27, 874
3,124
28, 288
3, 214
26,673
3,192
26. 037
3,022
29, 294
3,242
32, 880
3,678
29,217
3, 226
41, 345
4, 846
J
27, 892
3, 418
RETAIL TRADE
Automobiles:
New passenger automobile sales:
92.9
65.5
142.3
138.6
139.3
117.3
117.8
71.0
Unadjusted
_
__.1929-31=100-.
87.5
56.5
130. 4
'90.1
113.1
92.0
89.5
93.5
101.0
93.5
109.5
83.0
Adjusted.
_
do
104.5
143.0
85.5
175. 0
151.0
<• 129. 5
Chain-store sales:
Chain Store Age index:
Combined (sales, 20 chains)
99.4
101.2
109.0
102.0
103.0
110.0
108.0
ay. same month 1929-31=100109.0
109.6
109.5
106.4
111.0
113.0
Apparel chains
118.6
105.0
119.0
115.4
116.8
117.2
117.8
117.0
av. same month 1929-31=100-.
125.0
123.0
112.0
127.0
130.0
Grocery chains
102.0
94.4
93.0
92.6
94.0
95.8
101.0
100.0
av. same month 1929-31=100..
99.2
100.0
100.0
100.0
Variety store sales:
Combined sales of 7 chains:
73.5
95.7
81.3
80.3
97.2
86.5
Unadjusted
1929-31=100..
96.8
98.8
97.8
100.4
70.3
104.5
195.7
95.2
Adjusted
do
97.4
88.0
109.2
93.3
96.8
104.0
97.7
102.4
98.9
103.0
94.4
106.1
H. L. Green Co., Inc.:
Sales
thous. of dol..
2,522
2,043
2.514
2,412
2,430
2,625
2,501
2,018
3, 027
5, 847
2,905
2 017
Stores operated
.number..
132
136
130
131
132
130
M31
130
130
133
134
135
135
S. 8. Kresge Co.:
Sales
thous. of dol.
9,571
9,843
12,011
12,182
11,353
10,043
11,925
11,169
11, 753
13, 540
12,214
24, 351
9, 349
Stores operated.._
_
number.
740
739
737
729
729
726
725
729
728
730
731
734
8. H. Kress & Co.:
Sales
thous. of doL.
5,595
5,459
0,314
6,873
6,652
6,552
7,027
6,525
6,785
7,307
7,321
14, 748
5, 109
23"
Stores operatednumber.
234
235
235
235
235
235
235
235
235
235
235
235
McCrory Stores Corp.:
Sales
.thous. of dol2, 662
3,284
2,691
2,893
3,443
3,002
3,010
3,057
3,096
2, 510
3,209
6,714
3,511
Stores operated
...number194
200
200
200
199
195
195
195
195
194
194
198
197
G. C. Murphy Co.:
Sales
thous. of doL
2,550
3,001
2,922
2,311
2,320
3,089
3,183
2,974
2,907
2,519
3,637
6,379
3,268
Stores operated
number.
195
190
190
192
192
190
191
195
190
191
]95
194
194
F. W. Woolworth Co.:
Sales
_..thous. of doL
19, 758 '19,014
23,072
19, 677
22, 622 23, 398
23,186
22,861
23,434
18,649
45, 506
26, 733
23,891
8tores operated
number.
2,000
1,979
1,980
1,991
1,983
1,990
1,993
1,998
1,994
1,997
1,995
1.1
r
Revised.
* New series. Data on radio and magazine advertising cost are compiled by the Publishers Information Bureau, Inc., successors to National Advertising Records, and are
not comparable
with data published prior to those shown in the January 1937 issue. Earlier figures, when available, will be published in a subsequent issue.
0
Receipts for Louisville not included.
27
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1936 Supplement to the Survey
ary
1936
February
March
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Restaurant chains (3 chains):
Sales
thous. of doL_
Stores operated .
...
number
Other chains:
W. T. Grant & Co.:
Sales
. . thous. of dol
Stores operated..
number.
J. C. Penney Co.:
Sales
thous. of doL.
Stores operated ._ _ number .
Department stores:
Collections:
Installment account
percent of accounts receivable..
Open account
do
Sales, total U. S., unadjusted-.1923-25=100..
Atlanta _
_
do . .
Boston
do
Chicago
„ do
Cleveland _
. d o
Dallas-_
__
- -do . .
Kansas City
1925-100
Minneapolis
1929=100
New York
1925-27=100
Philadelphia
„
1923-25=100. _
Richmond
do
St. Louis _
._ _
do
San Francisco
__
do
Sales, total U. S., adjusted—
..do
Atlanta
do
Chicago _
_do
Cleveland
„
do
Dallas
.
do
Minneapolis
1929=100-.
New York
1925-27=100..
Philadelphia
1923-25=100
San Francisco
.
do
Installment sales, New England dept. stores
percent to total sales
Stocks, total U. S., end of month:
Unadjusted1923-25=100..
Adjusted
do
Mail-order and store sales:
Total sales, 2 companies—
thous. of dol._
Montgomery Ward & Co
_ do
Sears, Roebuck & Co
_do
Rural sales of general merchandise:
Total U. S., unadjusted
1929-31 = 100..
Middle West*
do
East*
-do . .
South*
do
Far West*
do
Total U. S., adjusted
do
Middle West*
do
East*
do
South*
.
do
Far West*
do
3,368
347
3,229
350
3, 509
350
3,495
348
3,442
349
3,363
350
3,510
349
3,490
349
3,655
349
3,800
346
3,542
346
3, 943
346
3, 581
346
5, 617
477
5,754
472
6,475
472
7, 619
472
8,328
472
8,371
473
7,075
473
6,925
472
7,443
472
9, 333
474
8,492
477
10, 867
477
5, 626
477
14, 244
1,499
13, 693
1,481
16, 282
1,481
19, 759
1,483
20, 640
1,483
21,475
1,484
18,475
1,488
19, 369
1,489
22, 529
1,491
28, 952
1,494
26, 072
1,496
37,133
1,496
15, 928
1,498
72
57
77
64
81
95
108
97
101
105
87
85
75
96
17.1
44.4
66
86
54
69
70
77
63
58
64
51
72
59
73
83
98
'86
86
91
77
77
62
86
17.6
43.9
77
95
66
82
68
87
80
79
71
66
95
73
80
84
103
'89
78
91
84
83
73
88
17.4
45.1
85
100
74
89
89
90
80
88
78
70
103
78
88
84
96
'86
79
92
82
80
70
90
16.9
45.8
89
103
74
'90
93
95
82
87
80
74
110
76
86
87
102
'fiO
87
91
86
85
76
90
18.0
47.6
84
92
76
r
88
84
92
77
85
80
71
104
72
84
87
103
89
86
100
88
83
74
94
16.2
45.6
63
78
54
65
63
71
59
'61
62
52
79
55
77
91
111
91
83
102
'81
82
70
94
16.2
42.1
68
96
54
r
75
72
77
70
75
63
56
78
60
88
86
123
'91
85
107
86
81
73
92
16.5
42.8
94
116
82
'97
89
109
92
95
87
71
104
86
97
88
123
'95
86
103
88
84
79
93
17.8
48.4
'100
119
92
104
98
120
101
112
97
84
137
103
98
90
100
95
92
104
94
85
74
95
17.0
47.1
105
120
85
101
100
113
90
89
106
91
120
89
101
^94
105
'93
95
97
91
90
79
95
17.3
47 0
161
187
138
164
158
175
151
139
156
13fi
204
143
171
92
110
98
96
108
94
88
76
100
16.4
47r 4
72
'85
70
78
69
78
r
VA
71
69
54
79
62
80
93
107
97
9i
93
'79
'89
'75
'98
12.0
11.0
9.7
8.5
8.9
7.5
9.5
14.9
10.8
10.9
9.7
6.3
10.6
72
76
62
66
67
65
68
85
67
'66
62
64
o9
• 64
65
67
71
68
76
69
80
71
'67
71
66
74
53, 831
22,161
31,671
45, 435
17, 855
27, 580
60,926
24, 845
36,081
69, 413
30, 403
39,011
75, 219
30, 295
44,923
76, 689
30,330
46,359
65,270
25, 636
39,634
66,325
27,422
38,903
80,974
33,357
47, 617
103, 590
45, 455
58,135
85, 993
36, 979
49, 014
118. 222
51, 789
66, 433
54,427
22, 578
31,849
93.8
85.2
95.2
123.1
92.0
103.7
98.5
104.1
123.1
116.4
84.2
75.3
86.7
111.4
83.6
93.0
87.0
94.7
111.4
105.8
99.2
92.8
100.7
118.4
100.1
106.7
103.1
107.2
127.4
114.4
105.5
99.2
109.2
117.6
110.7
109.9
100.7
109.7
127.2
119.6
106.5
102.3
107.9
113.6
112.8
113.3
105.4
110.7
127.6
125.4
106.2
100.1
105.1
114.0
122.7
112.4
102. 6
107.8
132.5
129.8
88.3
81.0
85.5
97.9
107.7
114.7
103.9
108.9
140.9
129.8
96.2
88.6
97.9
103.3
113.3
111.9
101.3
110.6
136.0
123.1
122.3
107.0
112.0
160.6
147.7
123.6
107.5
119.7
156.7
126.3
155.1
137.7
149.6
225.0
148.4
127.1
116.2
126.2
163.6
126.8
150.8
136. 0
154. 8
195.4
150.4
122.6
110.5
135.1
146.9
124.8
186.1
150. 5
195. 0
212.4
208.7
131.0
106.0
137. 5
153.9
134.2
88.6
81.0
88.4
107. 5
95. 6
106. 7
98.7
105. 3
'129.5
'128.3
76
95
57
78
82
89
68
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
89.1
89.8
90.1
86.9
87.9
98.9
Factory, unadj. (B. L. S.)t
1923-25=100..
84.7
84.0
78.6
80.2
82.3
93.2
Durable goods groupf
do
84.4
91.4
85.6
103.5
90.1
87.8
Iron and steel and products!
...do
Blast furnaces, steel works, and rolling
95.5
98.5
99.7
92.8
91.8
mills
_._. 1923-25= 100. _ 113.4
Structural and ornamental metal work
68.4
65.1
54.4
57.4
60.8
71.6
1923-25= 100. _
94.1
96.9
100.9
92.3
89.8
98.6
Tin cans, etc
do
59.2
61.3
62.8
64.1
64.8
65. 4
Lumber and products
do
72.2
73.6
71.3
71.6
71.8
85.9
Furniture
do
43.9
45.2
46.6
47.8
49.7
55. 1
Millwork
do
51.9
52.0
46.2
48.8
50.6
47.2
Sawmills
do
102.4
103.6
95.5
99.6
96.9
118.5
Machinery!
do
123.6
126.4
131.1
129.1
118.2
128.8
Agricultural implements!
do
82.1
85.5
87.5
89.7
81.1
109.9
Electrical machinery, etc
do
Foundry and machine-shop products
84.4
89.1
90.0
86.7
82.8
104.1
1923-25=100..
200.4
178.0
153.8
155. 8
162.0
169.4
Radios and phonographs
do
95.5
94.4
94.6
94.7
94.9
111.5
Metals, nonferrous
do
107.2
103.2
103.6
104.3
100.3
122.4
Aluminum mfrs
do
Brass, bronze, and copper products
99.9
99.1
98.8
98.7
99.7
1923-25= 100. _ 121. 7
138.6
134.6
136.8
134.8
139.1
159. 7
Stamped and enameled ware
do
58.0
58.5
56.1
58.0
57.8
61.4
Railroad repair shops
do
62.2
62.3
62.0
61.9
62.5
63. 5
Electric railroad.
do
58.2
57.4
57.7
57.7
55.7
61.2
Steam railroad
do
' Revised.
*New series. See pp. 14-17 of the September 1936 issue for figures for period Jan. 1929-July 1936.
fRevised series. For revisions beginning January 1934, see table 12, p. 19 of the March 1937 issue.
91.2
84.6
93.0
93.5
84.7
95.3
95.5
85.7
97.2
96.7
89.2
98.9
96.9
91.0
99.3
98.1
92.7
100.4
'96.5
'90.3
' 100. 0
102.8
105.7
107.2
107.9
107.7
109.3
'111.5
71.0
102.4
65.6
76.9
49.5
51.9
104.0
110.1
91.8
74.8
109.1
66.6
81.7
52.2
50.9
104.4
95.7
92.4
75.3
111.6
68.2
85.0
52.6
51.9
107.5
93.9
96.5
74.9
102.7
69.2
86.9
53.4
52.4
109.6
97.5
99.6
73.2
95. 8
67.8
88.3
53.4
49.9
111.4
93.2
103.0
70.1
94.4
67. 1
87.8
54. 1
49.0
114. 1
102.9
105.8
70.8
' 95. 8
'64.8
'85.9
' 53. 9
'46.6
'114.8
' 110. 5
' 104. 0
91.2
193.5
94.5
110.5
92.5
210.7
98.4
111.0
94.3
216.3
102.9
111. 5
95.6
218.3
108.3
117.2
97.0
210.6
110.0
118.8
99.4
202.7
111.6
117.7
' 101.3
' 186.8
' 107. 0
118.9
100.1
135. 0
56.9
62.2
56.5
102.7
138.4
58.4
62.4
58.1
107.1
143.4
59.3
62.4
59.1
111.3
154. 3
60.4
63.4
60.2
112.9
156.0
60.6
63.3
60.4
116.2
162.4
61.2
63. 4
61.0
'118.5
' 154. 8
'61. 2
'63.4
'61.0
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935,
together with explanatory notes and references to the source of the data may be found
in the 1936 Supplement to the Survey
1937
February
April 1937
1936
February-
March
April
May
July
June
1937
Decem
August SeptemOctober November
ber
ber
January
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory unadjusted—Continued.
Durable goods group—Continued.
Stone, clay, and glass products
67.2
.1923-25=100..
55.3
58.9
40.1
Brick, tile, and terra cotta
do
35.1
38.0
56.8
46.6
Cement
do
39.9
108. 3
Glass
do
95.6
96.8
IK). 5
Transportation equipment!
do
100. 9
99.8
127. 7
113.6
112,6
Automobiles
do
05.2
Cars, electric and steam railroad§~do
43.9
49.7
99.3
Shipbuilding
_
do
83.9
92.7
105.1
Nondurable-goods group!
do
96.1
95.8
121. 7
110.8
113.8
Chemicals and products
do
130.8
Chemicals
do._
113.8
114.9
109. 7
101, 6
Druggists' preparations
do_.
103.0
130. 7
119.9
Paints and varnishes
do
120. 8
120. 2
Petroleum refining
_.do.
115.0
114.5
370.4
341. 3
Rayon and products
do
346. 0
105. 3
96.7
Food and products
do.
97.7
132. 6
Baking
do.
123. 8
125.1
181. 0
Beverages.
_
_do.
159. 5
170.8
91.2
Slaughtering and meat packing
do
83.2
81.9
100.0
Leather and products
do.
94.4
93.6
102. 1
Boots and shoes
do.
95.3
94.5
97.4
Leather
do.
95.6
95.0
105. 7
Paper and printing
do,
98.8
98.7
115.9
Paper and pulp
do.
107.7
108.1
101.5
Rubber products
do.
85.1
75.4
93, 0
Rubber tires and tubes
do
75.3
57.2
109.9
99.2
Textiles and products
_<"
100. 5
103. 5
Fabrics
do
93.1
93.0
122. 2
Wearing apparel
do
110.8
115.3
Tobacco manufactures
do
61. 2
58.7
59.2
Factory, adjusted (Federal Reserve)t§
99. G
87.4
1923-25=100. _
87.7
93.8
Durable goods group§
_do
79.2
80.1
103.8
Iron and steel and products§_
_.do
84.7
85.3
Blast furnaces, steel works, and rolling
112
mills.
.1923-25=10092
91
Structural and ornamental metal work
57
59
1923-25=100105
Tin cans, etc
..do
96
96
67.7
61.4
62.8
Lumber and products
do
87
Furniture
do
73
72
57
45
Millwork
„
do
46
50
Sawmills
do
49
50
118.8
Machinery §
do
95.8
98.9
112
Agricultural implements!
do
120
123
110
Electrical machinery, etc
do
82
81
Foundry and machine-shop products
104
1923-25=100.82
84
195
Radios and phonographs
_do
186
179
Metals, nonferrous
do
111.7
95.0
93.4
Aluminum mfrs
do
121
99
100
122
Brass, bronze, and copper products.do
99
97
160
Stamped and enameled ware
do
135
131
61.6
Railroad repair shops
...do
56.4
58.0
64
Electric railroads
do
62
62
62
Steam railroads
_
do
56
58
72.6
Stone, clay, and glass products
do
60.8
59.7
54
Brick, tile, and terra cotta
do
41
42
66
Cement
do
49
53
Glass
do
110
97
96
Transportation equipment!
do
113. 5
97.0
97.7
Automobiles
do
123
109
108
Cars, electric and steam railroad§. do
68
46
50
Shipbuilding
do
100
85
92
Nondurable goods group §
do
105.7
96.3
95.8
Chemicals and products
do
121.4
110.6
111.6
Chemicals
do
133
116
116
Druggists' preparations
do
109
101
102
Paints and varnishes
do
132
121
121
Petroleum refining
do
121
116
116
335
343
Rayon and products
do
363
Food and products
do
117.0
106.8
107.8
126
127
Baking
do
135
177
182
Beverages
do
201
83
84
Slaughtering and meatpacking
do
91
92.7
00.4
Leather and products
do
98.2
93
91
Boots and shoes
do
100
Leather
do
96
95
94
98.6
Paper and printing
do
105. 5
99.0
Paper and pulp
_
.do
116
108
108
Rubber products.
do
101.7
85.2
74.9
Rubber tires and tubes
do
94
76
57
Textiles and products
do
107.0
96.5
96.7
Fabrics
do
100. 6
90.4
90.6
Wearing apparel
do
119.4
108.2
108.2
Tobacco manufactures
do
62.6
60.0
60.1
' Revised.
tRevised series. See table no. 1, p. 14, of the January 1937 issue.
§Revised series. For revisions beginning January 1934 see table no. 12, p.
63.0
43.0
54.9
99.0
104.9
115.6
55.0
102.1
96.3
112.3
115.8
102. 3
125.2
116. 5
325. 4
100.3
125. 8
176. 5
82.2
90.8
91.2
94.3
99.1
108.8
87.9
77.7
99.5
91.7
115.0
58.6
65.3
46.7
61.3
99.2
106.3
117.2
55.2
100.9
96.0
111.8
117.2
100.7
128.0
118.5
335. 6
102.7
127. 3
192. 7
84.3
88.2
88.1
93. 6
99. 5
109.4
88.9
79.8
97.4
90.4
110.9
60.0
66.4
49.4
61.8
99.2
105.3
115.8
57.1
98.0
95.9
110.3
118.6
100. 4
128. 9
117.8
336. 2
107.9
128. 4
199.1
85.8
86.8
86.3
92.9
98.8
108. 8
89.8
82.8
96.2
90.3
107. 6
60.2
67.0
50.3
63.0
98.9
101.9
111.1
54.2
98.9
98.2
112.7
122.5
100.1
126.2
121. 5
347. 3
116.9
129.2
220.0
90.8
91.4
92.1
93.8
98. 5
108.3
90.8
83.9
96.3
91.7
104.6
60.6
68.0
50.7
64.1
99.8
93.0
98.3
59.0
99.4
102.8
113.4
123.0
100,3
124.4
118,3
356. 7
127.9
130.1
214.5
91.5
94.4
95.4
95.6
100.1
109.1
92.2
86. 0
101.8
94.7
115.8
63.0
68.2
50.2
65. 1
99. 3
87.3
90.3
57.3
102. 4
105.9
119.5
127. 1
103.1
126. 7
122.3
360.1
135.9
131.3
209. 6
90.9
9-1.1
94.5
97.4
102.6
110.4
94. 3
80.6
103. 4
95.8
118.4
63.6
69.1
49.6
65.5
103.6
102.1
110.0
58.7
102.7
104.7
120.3
129.9
104.4
123.6
120.6
361.5
124.2
132.6
190.7
91.8
92.8
92.9
97.2
104. 0
110.7
97.9
89.0
104. 3
97.1
118.3
64.5
67.3
49.6
64. 2
97.6
115. 0
128. 3
57.5
97.4
103.3
119. 7
130.0
105. 9
125. 3
121.1
364.0
114.1
133,0
183.0
96. 9
89.0
87,8
98.4
105.0
111.9
100. 0
90. 9
101.8
98. S
116.0
65. 9
67.1
48.8
62. 0
100.6
122.1
138. 7
56.8
89. 9
104. 0
119.3
129.1
106.6
127. 5
119. 5
362.4
110.0
132. 2
181.0
99. 4
94.0
94.1
98.4
106.0
112.8
101.9
92. 5
100. 4
101. 7
114. 8
03. 3
62. 5
' 45. 5
r
56.8
' 92. 6
112.3
' 124.7
' 55. 8
' 94. 0
' 103. 1
' 120.3
f
130.8
106.5
' 128.0
' 119.4
' 367. 6
105. 1
' 130.5
r 1*2.1
' 96. 4
r
97. 4
' 98. 9
' 97. 0
104. 3
'113.7
' 301.2
' 92. 6
107. 1
' 102. 3
' 115.5
'57.4
88.6
81.2
87.1
89.8
82.7
89.0
90.4
83.8
90.8
92.8
85.6
93.5
93.4
85. 7
95.3
93.8
86.6
96.8
94.4
88.2
98.4
96.2
89.9
99.6
98. 6
92. 7
101. 0
98.8
' 92. 4
' 102. 3
94
97
103
106
108
109
109
1.10
113
62
97
63.5
74
47
51
99.3
124
86
65
99
64.1
75
47
51
102. 2
125
88
99
64.2
76
49
50
103.9
126
90
70
98
65.6
79
48
51
105.4
117
92
72
101
65.1
81
51
49
105.3
101
92
73
101
65.8
82
50
106,8
06
97
73
100
66.2
81
53
50
108.4
102
100
73
98
66.2
84
54
49
110.4
95
103
70
97
67.9
86
55
51
114.0
103
106
73
103
' 68. 6
'89
57
50
' 115.9
' 108
• 104
85
185
93.4
100
97
135
57.0
63
57
61.9
43
54
96
99.2
109
51
99
96.5
110.8
116
103
123
118
325
107.7
127
178
84
89.2
89
94
99.4
109
87.1
75
97.6
91.8
108.4
59.4
88
198
94.6
102
99
135
57.0
62
57
62.5
44
55
97
101.3
112
50
98
97.3
113.1
117
104
122
209
96.4
109
100
139
58.2
62
58
63.0
45
54
96
' 102. 2
112
53
99
97.6
113.2
117
105
124
117
350
110.3
127
183
86
89.0
89
94
100.0
109
88.8
79
98.1
91.8
110.3
60.3
92
210
97.8
316
102
136
57,4
62
57
65.7
47
55
101
105.1
116
52
101
100.4
115.7
121
105
126
120
358
112.4
129
196
92
90.3
91
94
99.8
108
91.4
82
102.6
95.5
116.6
61.2
93
209
101.1
116
106
141
58.7
62
58
66.4
47
59
102
100.9
109
56
102
101.8
115.4
122
102
127
117
360
113.2
129
195
92
90.9
91
96
101.1
109
93.9
87
104. 9
98.1
117. 0
61.9
95
186
102. 5
112
109
143
59.1
62
59
66. 1
47
61
99
100.8
109
56
102
101. 6
118.5
126
101
129
120
360
113.3
129
196
92
91.4
91
98
102. 7
110
95.8
89
102. 6
96.8
113.6
61.7
96
176
105.2
115
130
153
60.1
63
60
67.2
47
64
103
105.0
113
61
102
101.2
117.9
129
100
129
119
354
112.7
131
187
91
97
171
100, 7
118
111
154
60.6
63
60
66.3
48
65
96
112.3
123
64
98
102. 9
118.1
129
102
127
121
357
113.4
132
197
96
94.9
95
99
103.6
112
' 99.4
93
104. 4
97. 3
118.4
62.4
100
188
110. 7
118
115
166
61.7
63
62
69.0
51
68
101
118.7
133
62
89
104.9
118.6
129
105
130
120
355
115. 0
132
197
95
98.8
100
98
104. 0
113
102. 2
95
106. 8
100.1
119.8
62.0
102
' 201
' 109. 7
121
120
' 163
' 62.3
'63
62
' 69. 5
'54
'68
'97
' 109.8
120
'63
94
r 105. 6
' 120. 8
' 133
105
131
120
' 364
114.7
' 133
202
93
'99,0
' 101
97
104. 0
r
114
' 102. 3
r
95
108. 3
r
101. 7
' 120.8
'62.3
us
342
109.3
127
189
85
89.0
89
95
99.8
109
87.4
76
97.6
91.3
109.5
61.3
I
99 |
19, of the March 1937 issue.
92.0
92
96
103. 1
111
98.3
92
101.7
95.5
113,4
61.1
r
29
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935,
together with explanatory notes and references to the source of the data may be found
in the 1936 Supplement to the Survey
1938
1937
Fe braax y
February-
March
April
May
June
July
1937
Decem- January
October NovemAugust September
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Factory, unadjusted, by cities and States:
City or industrial area:
Baltimore
1929-31=100Chicago
1925-27=100-.
Cleveland
1923-25=100Detroit
do
Milwaukee
1925-27=100-.
New York
do
Philadelphia
1923-25=100Pittsburgh
do
Wilmington
_-._do
State:
Delaware
do
Illinois
1925-27=100Iowa
1923-25 = 100Maryland
1929-31 = 100Massachusetts
1925-27=100-.
New Jersey
1923-25=100-.
New York
1925-27=100-.
Ohio
.1926 = 100-.
Pennsylvania
1923-25 = 100Wisconsin
1925-27=100-.
Nonmanufacturing, unadjusted (B. L. S.):
Mining:
Anthracite
1929=100_.
Bituminous coal
do
Metalliferous
do
Petroleum, crude, producing..
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and power, and manufactured gas
1929=100..
Electric railroads, etc
do
Telephone and telegraph
do
Trade:
Retail, total
do
General merchandising
do
Other than general merchandising
1929=100..
Wholesale
do
Miscellaneous:
Dyeing and cleaning
do
Laundries
do
Year round hotels
do
Miscellaneous employment data:
Construction employment, Ohio .1926=100..
Hired farm employees, average per 100 farms
number..
Federal and State highway employment:
Total
number..
Construction
do
Maintenance
do
Federal civilian employees:
United States
_ do—
District of Columbia
do
Railway employees:
Class I steam railways:
Total.
—thousands—
Index:
Unadjusted
1923-25=400..
Adjusted
.do
Trades-union members employed:
All trades
percent of total..
Building
_.do
Metal
do
Printing,,
do
All other
do._—
On full time (all trades)
do
95.4
83.2
105.5
127. 5
109.0
84.1
102.6
87.3
100. 6
82.0
69.2
94.2
100.0
94.2
74.5
'91.6
71.3
83.3
69.3
94.4
101.5
96.1
77.2
'92.6
71.8
86.1
86. 2
70.0
95.1
105.8
97.6
75.9
'92.5
74.4
85.3
87.7
71.7
96.2
105.0
99.5
74.3
'92.5
76.0
86.8
88.2
72.6
96.2
103.5
99.2
72.2
'93.3
78.7
89.6
73.6
96.4
101.0
98.1
72.5
'94.6
80.9
93.3
84.2
76.0
91.1
78.0
97.4
77.1
'97.2
82.7
95.3
91.5
77.6
96.4
83.9
101.4
80.4
100. 2
84.8
97.4
78.8
102.0
103.0
104.0
82.2
101.1
86. 1
98.0
91.5
80.2
102.2
117.7
106.1
81.9
102.1
82.9
99.3
92.2
81.3
102.0
126.1
107.0
81.1
102.9
84.3
99.0
107. 2
9J.6
128.7
102. 4
85.2
87.1
107.0
89.8
101.8
89.1
76.7
114.5
88.3
75.3
76.1
75.3
93.2
'77.4
87.1
88.7
77.8
117.4
90.5
74.8
76. 4
77.2
91.0
'77.9
88.7
88.3
79.0
119. 0
93.1
74.5
77.0
77.4
96. 3
' 79. 3
89. 3
90.4
80.3
121.8
94.2
74.0
77.7
77.5
97.5
79.7
90.7
94.6
81.6
123.2
93.9
73.4
79.3
76.8
96.7
'80.9
91.8
99.1
82.1
121.0
95.5
75.4
78.7
77.4
97.6
'82.6
95.6
111.3
84.7
119. 8
93.0
78.2
80.8
79.7
98.8
'84.7
91.9
118.4
86.6
121.8
98.9
79.8
83.1
83.2
101.0
87.0
95.2
105.7
86.9
121.9
100.2
80.4
82.7
84.6
' 102.8
88.1
96.8
105.6
87.9
124.1
99.5
81.6
83.4
84.7
' 103.4
87.5
96.9
105. 2
89.1
128.5
99.1
83.6
84.7
85.4
105.0
88.3
97.4
52.7
84.8
69.8
73.7
46.3
61.2
80.2
55.5
70.8
36.9
52.5
80.4
55.9
70.9
42.2
49.8
77.5
57.5
71.3
48.4
54.9
76.2
60.8
72.7
52.0
51.2
75.7
61.9
73.7
53.5
48.4
75.5
61.3
75.4
54.4
41.1
76.9
61.6
75.0
55.3
47.6
78.2
63.1
74.5
54.9
49.9
81.1
64. 2
73.6
54.6
51. 5
82.3
62.9
73.2
52.6
' 54. 8
83.9
' 64. 4
'72.4
' 49. 4
54.1
84.4
66.4
72.8
45.9
91.9
72.4
74.8
86.1
71.7
69.9
86.8
71.2
70.2
88.0
71.3
70.8
89.0
71.5
71.6
90.4
71.7
72.1
91.7
72.4
73.1
93.1
72.4
73.5
93.5
72.8
73.7
94.0
73.1
73.8
93.5
73.0
73.7
' 93. 2
' 72. 5
73.6
92.1
72.4
74.4
84.9
93. 5
T'9,7
85.1
81.9
90.9
85.2
97.4
85.0
95.5
85.5
96.4
83.2
90.7
82.4
89.4
86.6
98.5
88.7
103.9
'90.1
' 109.3
' 100. 0
' 145. 5
86.3
97.7
82.7
92.2
78.3
85.0
79.5
85.6
82.0
85.7
82.3
84.6
82.6
84.6
81.2
85.4
80.5
86.3
83.5
88.0
84.7
89.0
85.1
89.7
'88.1
'91.0
83.3
90.8
75.7
88.5
86.7
70.3
81.2
82.8
74.7
82.1
82.8
81.8
83.2
83.2
87.3
85.5
84.1
87.5
87.2
83.9
85.5
90.5
83.3
83.5
89.6
83.2
84.2
86.5
87.6
85.4
81.3
87.0
84.6
77.7
' 87. 6
'84.0
76.5
88.4
86.1
51.0
24.4
32.4
37.3
45.9
52.0
46.0
46.0
'47.6
'49.3
'52.1
49.2
46.4
7C
71
74
90
100
101
99
111
107
190, 336
69, 550
120, 786
200, 451
80,674
119,777
227, 586
94,200
133,386
287,478
144,173
143,305
374,191
209,835
164,356
423, 466
258,103
165,363
435, 971
271,015
164,956
433,533
274,651
158,882
414,147
262,375
151, 772
389, 966
240, 249
149,717
353,971
200,283
153,688
288, 248
149, 708
138, 540
210,027
92, 451
117, 576
826,333
115,871
799,930
112,304
806, 035
112,370
810,418
115,073
817,856
116,857
824, 259
117,103
830, 622
116, 022
834, 266
115, 569
835, 704
114,611
841, 017
114, 510
839, 053
114, 792
831, 095
115,964
829, 794
115,870
1,042
1,032
1,061
1,102
1,114
1,121
61.0
59.6
61.7
60.5
62.1
60.4
75
87
76
61.4
63.8
57.8
60.1
57.2
58.8
59.2
86
69
89
90
89
65
78
48
83
87
83
57
79
51
83
87
83
58
82
59
85
88
85
61
38.1
38.7
39.5
1,089
59.8
59.1
60.3
59.0
1,097
60.8
83
72
92.1
93.0
81.5
93.0
126. 0
110.0
81.1
102. 5
84.2
99.1
r
104. 8
89.4
126. 2
' 100.1
84.0
83.9
85.4
102.1
88.1
99.7
90
1,104
1,095
61.1
60.7
'60.6
62.1
60.2
62.8
85
71
89
90
88
64
88
77
90
90
90
63
LABOR CONDITIONS
Hours of work per week in factories:
Actual, average per wage earner
hours..
Industrial disputes (strikes and lockouts):!
Number of disputes (in progress)
Man-days idle
number..
Workers involved (in progress)
do
Employment Service, United States:
Applications:
Active
file
do._».
New
_
.do
Placements
do
Private
do
Placements to active
file
percent,_
Labor turn-over in mfg. establishments:
Accession rate..monthly rates per 100 employees on payroll
Separation rate:
Total
_
percent..
Discharge
•__do..._
Lay-off
do
Quit
do..._
39.4
39.4
39.2
40.0
41.2
41.3
41.8
41.0
'326
'260
'249
'253
'371
1,061,048 1,059,856 1,944,464 '2,079,344 2,700,000
130, 695 147,313 157,117 ' 185, 560 ' 210,000
U 15,443 3,252,657 9,312,517 9,044,859 8,812,299 5,498,076 •6,735,95- •6,833,680
262, 305 355, 327 364, 758 300, 516 295, 812 370, 233 • 396, 663 • 384,981
250. 249 387, 279 442, 331 454; 826 468, 588 473,141 •437,901 •436,290
66, 263
93,122 110,912 133, 802 123, 517 •117,906 •130,491
158. 013
.042
.065
.047
.050
.064
.053
.073
.041
•6,838,889 •6,897,446
• 355, 800 •357,455
•434,648 •399,095
• 167, 809 • 173, 407
.058
.064
•6,841,989 '6,311,161
•339,791 '"307,190
•330,962 '303,313
• 159, 063 ' 172,478
.048
.048
-6,282,615
' 292, 298
' 242,172
' 144, 075
'.039
2.95
3.97
4.46
4.05
4.49
4.94
4.72
5.09
4.83
4.60
4.41
4.60
.17
2.21
2.88
.19
1.83
3.29
.21
1.92
1.16
3.32
.20
2.06
1.06
3.28
.23
1.92
1.13
3.22
.23
1.84
1.15
4.73
.27
3.23
1.23
3.30
.26
1.47
1.57
3.25
.24
1.72
1.29
3.04
.21
1.70
1.13
3.41
.22
2.14
1.05
3.38
.21
1.90
1.27
' Revised.
v Preliminary.
fData revised for 193G. Revisions for January, disputes, 251; man-days idle, 635,273 and workers involved, 59,153.
40.6
'312
'318
'348
'303
'337
'306
'250
'1,485,000 748, 491 1,331,113 690,619 1,018,100 1,325,492 1,003,382 909,589
'225, 000 ' 89, 735 122,155 ' 95, 531 1122,833 133, 443 125, or" 118,138
340
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1936 Supplement to the Survey
ary
April 1937
1936
February
March
April I May
June
July
193?
August
ber
OptnhMOctober
Novem
"
ber
DecemJanuary
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS
73.7
95. 7
Factory unadjusted (B. L. S.)f._ 1923-25= 10066.6
92.5
Durable goods groupt
--do
70.3
103.8
Iron and steel and products!
do
Blast furnaces, steel works, and rolling
76.8
mills
1923-25 = 100.. 118.2
Structural and ornamental metal work
41.6
66.7
1923-25=100..
82.7
98.3
Tin cans, etc
.do
45.8
58.1
Lumber and products
do
53.8
74.8
Furniture.._.
.do
34.4
50.5
Millwork
..do
35.2
39. G
Sawmills
do
83.5
118.3
Machinery!
do
138. 5
141. 1
Agricultural implements!
.do
69.6
108.5
Electric machinery, etc
do
Foundry and machine shop products
71.9
104. 7
1923-25=100..
109.0
123.0
Radios and phonographs
do
76.0
103. 5
Metals, nonferrous
do
89.4
121. 7
Aluminum mfrs
do
Brass, bronze, and copper products
80.5
1923-25 = 100.. 120.1
114.4
155. 4
Stamped and enameled ware.
do
55.9
63.9
Railroad repair shops
do
62.5
66. 0
Electric railroads
do
55.5
63. 9
Steam railroads
do
42.4
59.7
Stone, clay, and glass products
do
24.2
37.5
Brick, tile, and terra cotta.
.do
29.4
51.5
Cement
„
do
82.5
107.3
Glass
.
do
77.1
112.0
Transportation equipment!
do
83.9
121.3
Automobiles
do
39.7
67.0
Cars, electric and steam railroadf-do
80.5
98.2
Shipbuilding
do
82.7
99.7
Nondurable goods grouptdo
99.9
123.8
Chemicals and products
do
103.9
134.2
Chemicals
._
do
100.3
119.1
Druggists' preparations
do
106.0
126.7
Paints and varnishes.,
do
104.8
124.3
Petroleum refining
do
275.1
344. 5
Rayon and products
do
87.4
101.3
Food and products
do
108.4
122.3
Baking
do
159.3
187.5
Beverages
...do
74.8
88.2
Slaughtering and meat packing...do.
77.4
90.9
Leather and products
do.
74.1
88.1
Boots and shoes
do.
91.7
104. 1
Leather
do.
87.7
100.2
Paper and printing
do
92.8
112.9
Paper and pulp
do
74.9
104.0
Rubber products
do
70.6
100.4
Rubber tires and tubes
do
82.3
100.0
Textiles and products
do
78.5
97.4
Fabrics
_
do
86.5
101.0
Wearing apparel...
do
44.9
51.0
Tobacco manufactures
do
Factory, unadjusted, by cities and States:
City or industrial area:
80.3
108.6
Baltimore
1929-31 = 100.
51.1
68.4
Chicago
1925-27=100.
81.2
108.2
Milwaukee,
do
63.9
New York
do...
'78.7
Philadelphia
1923-25=100.
73.9
Pittsburgh
do
76.5
Wilmington
do_
State:
70.5
Delaware..
do.
58.3
Illinois
1925-27=100..
83.3
Maryland
,.
1929-31 = 100..
65.9
Massachusetts....
1925-27=100.
65.0
New Jersey
..1923-25=100.
64.5
80-9
New York
1925-27=100.
' 67.3
93. 7
Pennsylvania
1923-25=100..
74.0
100.7
Wisconsin
1925-27=100.
Nonmanufacturing, unadjusted (B. L. S.):
Mining:
76.7
41.0
Anthracite.
1929=100.
78.4
82.4
Bituminous coal
do...
42.8
63.
9
Metalliferous
_
do...
55.7
63. 3
Petroleum, crude, producing.
do
23.9
37.4
Quarrying and nonmetallic
do—
Public utilities:
Electric light and power and manufactured
84.7
92.5
gas
.1929=100-.
68.3
68. 8
Electric railroads, etc
do
76.2
82.2
Telephone and telegraph
do—
' Revised.
fRevised. For revisions beginning January 1934, see table 13, p.
77.6
71.8
75.4
79.3
76.0
79.7
80.8
78.5
83.0
81.1
79.0
84.6
80.2
75.9
81.8
83.5
77.0
86.8
83.6
77 2
87'. 1
89.0
85.3
93.2
90.7
88.9
95.8
95.1
93.1
102.0
90.6
' 86. 5
'99.4
83.1
89.1
92.9
94.5
92.5
98.1
97.7
101.8
105.0
115.4
' 115. 9
46.3
90.8
50.3
55.1
37.6
40.4
86.8
143. 9
72.7
50.7
90.6
52.3
55.0
39.5
42.9
91.2
145.9
78.3
56.3
94.8
54.4
56.1
42.0
45.1
94.7
142.4
81.1
60. 4
98.1
55.8
58.7
44.0
45. 4
95.8
131.4
83.3
61.3
98.4
54.5
59.9
42.3
43.3
92.8
108.3
82.9
65.5
108.8
58.9
68.4
46.9
44.8
93.9
91.5
82.6
66.0
112.5
60.3
71.1
46.5
45.8
94.7
87.1
84.3
68.5
97.2
63.5
76.9
49.8
47. 1
102.7
105.9
92.7
65.5
92.2
60.8
77. 6
49.6
42.7
105. 6
102.0
96.8
65. 7
93. 5
60.5
78.3
50.7
41.6
113.6
121.5
103.1
' 63. 3
'94.4
' 54. 9
r 71. 4
'r 47. 3
37. 1
r
110. 0
' 130. 6
'97. 0
75.4
104.9
77.6
93.2
79.4
112.8
77.8
91.8
82.5
135.6
79.0
91.8
83.7
154.9
79.9
94.3
81.4
143. 3
77.4
96.1
83.9
164.7
82.9
100.4
85.0
180.9
88.0
98.9
90.2
177.9
99.7
110.6
93.3
169. 4
102.0
114.9
100.2
167. 5
105.5
114.7
98 7
145! 4
'97.1
' 114. 7
80.0
121.5
60.9
63.6
60.8
48.2
28.0
39.3
87.7
87.0
94.4
46.0
90.9
81, 9
104.5
107.1
106.5
108.7
109.6
282.0
90.2
109.5
180.5
75.0
73.1
69.2
89.0
89.3
94.2
66.7
55.6
85.7
78.7
96.0
46.5
81.1
127.4
58. 6
62.5
58.4
52.4
32.3
47.3
90.7
99.9
109.1
52.4
102.2
83.5
103.8
109.1
104.3
114.2
108.2
269.0
90. 3
108.9
186.7
74.6
67.7
62.0
89.7
89.8
95.5
82.8
79.8
81.3
77.2
86.2
44.0
83.9
122. 6
59. 5
62.7
59.4
55.6
36.9
54.5
91.6
101.6
111.1
51.6
102.3
83.8
105.4
111.3
102.1
120. 2
110.0
273. 3
95.7
112.9
214.3
78.6
63.8
50.5
91.0
90.7
96.3
86.4
86.1
78.2
75.2
80.9
48.5
83.8
124.6
60.1
61.9
60.1
55.8
39.3
56.3
90.5
98.7
107.1
54.0
98.1
83.9
105.4
113.3
99.4
120.9
112.3
276.8
98.9
115.1
220.7
81.2
64.6
57.8
89.8
89.2
95.1
89.0
89.5
76.8
75.2
76.6
50.1
82.8
115.9
56.0
61.7
55.7
55.3
39.1
58.0
87.7
92.6
99.5
50.5
99.0
85.6
106.4
114.9
100.8
113.8
114.7
287.8
107.0
116.1
266.4
86.7
74.2
70.3
89.9
86.6
92.5
87.1
88.5
77.3
77.1
74.3
51.0
89.4
123.5
57.7
61.3
57.5
58.3
40.3
60.2
92.8
81.0
83.4
55. 3
97.8
91.8
108.1
117.7
105.2
113.5
112.2
300.1
114.0
116.2
237.1
87.5
80.3
77.2
94.0
89.4
96.9
90.8
91.6
87.4
83.0
92.4
53.5
95.2
123. 0
59.2
61.3
59.1
58.2
39.4
61.0
91.2
76.3
77.3
52.6
99.4
91.6
112.0
120.1
107.2
114.0
116.3
302.4
116.5
117.9
227.1
85.1
75.7
70.7
95.5
92.0
95. 2
92.2
91.9
83.9
80.5
87.0
53.3
102.9
154.4
63.9
63.5
64.0
62.5
41.3
62.0
103.0
95.8
101. 5
59.7
103. 2
93.7
114.4
124. 7
112.6
119.6
115.9
307.6
111.5
119.0
198. 9
88.7
74.0
67.4
99.0
96.5
101.9
96.8
93.8
88.5
85.1
91.5
54.7
103.8
155.0
65.2
65.5
65.4
61. 1
41. 1
63.1
99.4
113.4
125.8
57.6
97.3
92.9
' 114. 7
127. 5
112.7
116.8
119.1
' 298. 2
108.3
120.4
191. 3
99.8
67.3
58.2
100.8
98.6
104.5
101.2
98.9
87.2
86.7
84.6
54.8
111.6
164. 2
65.5
67.4
65. 6
59. 1
40.9
58.8
95. 1
120.9
135. 7
59.9
90.6
97.6
118.3
132. 5
112.5
121. 6
119.5
321.3
105. 7
119.8
187.6
101.5
78.3
71.4
105. 0
102.6
108.6
104.8
'99.7
94.6
96.8
86.3
55.4
' 113. 1
' 148. 4
' 61. 2
' 64. 5
' 61. 1
' 52. 5
'36.2
'49.6
'83.8
' 100. 6
' 108.1
' 58. 8
' 96. 1
' 95. 9
'r .119.5
131.8
'113.1
' 120. 3
119.5
' 338. 1
' 100. 4
' 118.4
' 186. 9
' 95. 8
' 85. 8
'81.8
' 102. 5
'98.7
' 109. 9
' 99. 0
'93.9
'94.7
96.0
'88.2
'47.2
80.9
52.2
87.0
69.1
'80.6
75.5
75.6
85.4
52.3
89.3
65.0
'77.4
88.7
76.5
91.3
54.2
89.5
63.4
'80.5
90.3
79.1
92.9
55.7
91.5
61.2
'82.0
94.4
82.9
92.7
56.4
87.6
62.4
85.0
93.3
84.8
85.3
58.5
89.5
68.1
89.2
96.6
89.8
96.9
58.4
90.3
69.0
88.8
98.3
90.5
99.8
61.2
103.1
71.5
94.1
105.1
93.6
101.9
62.7
103.6
70.9
94.3
101.0
96.4
104.0
65.0
103.9
72.4
96.9
110.9
98.9
104. 0
65.8
104. 6
72.2
97.1
106. 6
97.1
69.9
60.8
84.4
65.3
66.4
67.2
'69.1
79.2
70.8
61.3
88.4
66.0
67.4
66.4
' 73.0
79.0
73.5
62.8
93.2
65.4
68.8
66.6
' 74.6
80.4
76.9
64.4
94.3
64.0
70.0
66.3
'76.4
81.8
79.4
63.8
94.2
66.6
69.4
67.5
'76.8
79.7
86.9
66.4
89.4
70.1
72.0
71.0
'81.7
82.6
90.5
66.9
100.2
70.3
71.8
72.3
82.6
82.7
87.3
70.4
103. 1
71.4
75.5
75.2
'87.7
91.7
89.2
71.9
103.0
73.6
77.3
75.1
86.4
92.7
91.4
74.6
106.0
79.9
81.6
79.1
'91. 1
93.7
' 106'. 4
80.3
79. 1
78. 6
88.9
93. 9
42.6
70.2
45.1
56.0
30.9
28.6
62.6
45.5
57.1
36.1
56.3
62.2
47.7
58.0
42.1
42.0
61.5
48.2
58.9
44.0
37.2
62.6
46.1
60.4
43.9
81.4
65.4
48.2
59.7
46.2
34.9
71.0
50.0
60.4
44.8
48. 5
79.2
53. 7
59.6
46.2
40.3
80.7
54.6
60.1
43.5
55. 4
' 85. 0
r 57_ 7
6L 3
' 39. 4
42.7
80. 0
57. y
61. 0
85.9
67.8
77.2
86.2
65.9
76.0
87.0
66.1
78.5
88.1
66.8
77.4
89.8
66.5
79.9
89.8
66.5
81.2
91.4
66.4
78.8
92.7
67.7
' 83.1
91.8
69. 7
81.6
' 93. 8
' 69. 3
82.4
92. 1
68. 3
84.0
19, of the March 1937i ssue.
r
'89.4
34. y
31
SUEVEY OF CUREENT BUSINESS
April 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1936 Supplement to the Survey
ary
1936
February
March
April
June
May
July
1937
Decem- January
October NovemAugust September
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS-Continued
Nonmanufacturing—Continued.
Trade:
Retail, total
1929=100..
General merchandising
do
Other than general merchandismg.do
Wholesale
_do
Miscellaneous:
Dyeing and cleaning
do
Laundries
do..,.
Year round hotels
do
67.7
82.6
64.6
74.0
61.6
73.9
59.1
66.6
63.5
77.3
60.7
69.0
65.3
81.0
62.1
67.9
65.8
80.8
62.7
68.2
66.4
81.3
63. 3
68.4
65.1
77.3
62.6
69.0
64.4
76.4
61.9
69.7
82.8
63.3
'70.5
54.3
76.2
72.3
49.0
67.8
66.5
56.4
69.9
66.0
64.1
70.9
66.3
72.2
75.6
67.0
69.2
75.8
66.6
64.8
79.0
66.0
63.2
76.7
66.1
66.1
76.6
67.5
26.64
23.14
23.67
24. 33
24.41
24.45
24.23
24.66
25.11
25.51
30.05
21.96
17.01
100.1
26.05
18.68
15. 38
87.0
26.43
19.14
15.24
89.0
27.18
19.60
15. 15
91.4
27.32
19. 67
14.98
91.7
27.31
19.74
15.00
91.9
26. 88
19. 56
15.14
91.1
27.49
20.04
15.93
92.7
28.16
20.25
15. 87
94.4
28.55
20.72
16.06
95.9
97.5
98.6
98.7
84.6
83.8
89.2
85.8
85.9
88.4
88.2
88.0
87.9
88.7
88.3
86.9
87.0
87.2
87.8
87.8
89.2
89.9
92.4
91.4
90.9
92.1
.643
.611
.613
.616
.617
.617
.616
.718
.518
.440
.430
.676
.493
.429
.680
. 496
.430
.684
.498
.432
.685
.496
.429
.684
.498
.428
.683
.495
.429
83.4
81.9
87.4
95.4
85.6
85.9
83.4
83.1
84.2
87.2
97.1
87.0
87.7
88.4
84.6
83.5
88.5
97.9
85.7
91.9
87.9
85.8
84.2
88.3
99.0
85.9
92.6
87.7
85.8
85.0
87.0
98.6
86.3
93.2
88.0
84.4
84.1
88, 1
98.5
87.2
91.5
83.2
.547
1.12
.547
1.13
.552
1.13
.558
1.14
.564
1.14
.554
1.15
.695
.676
30.87
.670
.670
.663
68.3
87.2
64.4
71. 5
70.1
'91.4
65.7
r
73.1
66.7
75. 3
69. 6
r
'76.0
116.8
67.5
72.8
68.0
83.5
64.8
72.7
57.3
76.1
69.8
55. 3
76.5
71.0
25.83
26.64
' 26. 11
29.03
21.20
16. 23
97.1
30.27
21.88
16.92
100.1
' 29.88
21. 65
' 16. 72
'98.1
92.7
93. 0
93.2
94.2
95.2
94.1
98.2
98.1
'97.0
97.2
'97.0
.619
.619
.624
.636
'.638
.687
.496
.430
.689
.498
.431
.696
.505
.431
.711
.517
.436
'. 715
.515
'.438
82.3
84.4
89.4
99.5
89.0
95.0
89.4
80.5
83. 1
87.9
96.4
87.0
93.4
86.3
86.9
87.2
88 6
101.9
88.9
97.5
94.0
89.0
88.0
90.0
103.5
88.7
97.3
95.1
91.6
89.8
95.3
107. 6
92.7
101.3
95.8
90.0
90.9
95.3
105. 3
92.1
99.4
94. 1
.569
1.16
.569
1.16
.583
1.18
.583
1.18
.586
1.18
.603
1.24
.665
.672
32.84
.667
.686
.683
31.37
.688
r
60.2
74.5
'69.6
WAGES—EARNINGS AND RATES
Factory, weekly earnings (25 industries)
(N.I. C.B.):
All wage earners
.....dollars..
Male:
Skilled and semiskilled
do
Unskilled
do
Female
do
All wage earners
...1923=100-.
Male:
Skilled and semiskilled
do
Unskilled
do
Female
do
Factory av. hourly earnings (25 industries)
(N.I. C.B.):
All wage earners
dollars..
Male:
Skilled and semiskilled
do
Unskilled
do
Female
do
Factory, weekly earnings, by States:
Delaware
1923-25=100..
Illinois
1925-27=100..
Massachusetts
do
New Jersey
1923-25=100..
New York
..1925-27=100..
Pennsylvania
.1923-25=100..
Wisconsin.
1925-27=100Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hour.Skilled labor
do
Farm wages, without board (quarterly)
dol. per month..
. per
Road-building wages, common labor,
labo on
public works projects:
United States
dol. per hour..
East North Central
do
East South Central
do....
Middle Atlantic
...do....
Mountain States
do
New England...
do
Pacific States
.do....
South Atlantic
do
West North Central
do....
West South Central
do....
Steel industry wages:
U. S. Steel Corporation f
do....
Youngstown district, ^percent base scale...
92. 6
96.1
92.9
.603
1.24
32.21
.664
.39
.65
.30
.53
.60
.40
.57
.31
.50
.36
.38
.60
.30
.46
.54
.50
.57
.33
.49
.36
.37
.62
.30
.48
.55
.50
.59
.32
.47
.38
.57
.30
.46
.55
.52
.57
.33
.46
.37
.42
.56
.30
.45
.57
.48
.55
.34
.48
.36
.42
.54
.30
.46
.56
.47
.55
.33
.49
.36
.42
.56
.30
.46
.56
.50
.54
.33
.49
.36
.41
.54
.30
.47
.57
.49
.51
.32
.50
.34
.42
.58
.31
,47
.56
.48
.56
.32
.50
.34
.42
.60
.33
.48
.55
.51
.53
.33
.50
.35
.4]
.63
.30
.48
.53
.47
.52
.31
.51
.34
.39
.61
.30
.50
.50
.45
.51
.31
.50
.32
.39
.65
.30
.53
.60
.40
.57
.31
.50
.36
.525
125.0
.485
115.0
.485
115.0
.485
115. 0
.485
115.0
.485
115.0
.485
117.0
.485
117.0
.485
117.0
.485
117.0
.505
125.0
.525
125.0
.525
125.0
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
do
Held by group of accepting banks:
Total
mills, of d o l Own bills
do
Purchased bills
do
Held by others
do
Com'l paper outstanding
do
Agricultural loans outstanding:
Grand total
do
Farm mortgage loans, total
do
Federal land banks
__ .
do
Land bank commissioner
do__
Loans to cooperatives, total
do
Federal intermediate credit (direct)
mills, of dol._
Banks for cooperatives incl. Central
Bank
mills, of dol—
Agricultural Marketing Act revolving
fund
mills, of dol—
401
377
359
344
331
316
316
308
315
330
349
373
387
341
161
180
61
268
340
172
168
37
176
321
150
171
38
180
310
143
167
34
174
297
155
142
34
184
276
129
147
40
169
278
131
147
37
188
279
140
139
29
205
276
139
137
39
197
296
150
147
34
199
309
157
152
40
191
315
151
164
57
215
325
154
171
62
244
3,351
2, 896
2,060
836
114
3,317
2,869
2,059
811
89
3,337
2,878
2,060
818
87
3,362
2,885
2,062
823
85
3,374
2,890
2,063
827
82
3,381
2,891
2,064
827
84
3,385
2,894
2,065
829
88
3,382
2,899
2,067
832
89
3,379
2,902
2,068
834
105
3,376
2,903
2,068
835
123
3,369
2,902
2,066
836
130
3,361
2,901
1,064
837
125
3, 350
2,898
2,061
836
120
(•)
(•)
(•)
<•)
1
2
2
2
1
1
1
2
1
60
43
41
40
40
40
43
44
56
71
73
70
64
52
44
44
44
42
45
44
44
49
51
56
54
64
' Revised.
° Less than 1 million dollars.
1 Basic rate for common labor.
§ Construction wage rates as of Mar. 1,1937—common labor, $0,612; skilled labor, $1.25.
cf Since April 1935, Federal Reserve banks have held no bankers' acceptances.
32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935,
together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
April 1937
1936
Febru- February
ary
March
April
May
June
July
1937
DecemOctober NovemAugust September
ber
ber
January
FINANCE—Continued
BANKING-Continued
Agricultural loans outstanding—Continued.
Short term credit, total
mills, of dol-_
341
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.', prod,
credit ass'ns and banks for coopera130
tives
mills, of doL.
39
Otherfinancinginstitutions..
do
115
Production credit ass'ns
do
24
Regional agr. credit corp
__do
103
Emergency prop loans..
do
60
Drought relief loans
do
129
Joint stock land banks in liquidation..__do
34,526
Bank debits, total.
do
16,907
New York City
do
17, 620
Outside New York City__
do
Brokers' loans:
1, 075
To N. Y. S. E. members
do
By reporting member banks:
To brokers and dealers in New York City
mills, of doL_. 1, 024
To brokers and dealers outside New York
City__
mills, of dol...
239
Federal Reserve banks, condition, end of mo.:
Assets (resources) total
mills, of doL__ 12, 330
Reserve bank, credit outstanding, total
mills, of dol... 2, 465
Bills bought
_
do
3
Bills discounted
do
2, 430
United States securities
do
9,134
Reserves, total
do
1, 859
Gold
do
12, 330
Liabilities, total
do
Deposits, total
.
do
7,177
Member bank reserve balances, total
mills, of doL. 6, 695
2,078
Excess reserves (estimated)
do
4. 190
Notes in circulation
do
80.4
Reserve ratio
percent
Federal Reserve reporting member banks,
condition, end of month:
Deposits:
Demand, adjusted
..mills, of dol_. 15, 501
5, 167
Time
._
do
13,597
Investments, total
do
9, 067
U. S. Government direct obligations-do
1, 208
U.S. Government guaranteed issues, do
3,322
Other securities
__do
9,121
Loans, total
.
do
415
Acceptances and commercial paper..do
1,149
On real estate
do
86
To banks
do
3,280
On securitiesdo
4,191
Other loans
do
Interest rates:
Acceptances, bankers' prime
percent..
Bank rates to customers:
In NewYork City
do
2.41
In eight other northern and eastern cities
percent..
3.43
In twenty-seven southern and western
4.15
cities
percent..
1.00
Call loans, renewal (N. Y. S. E.)
do
Com'l paper, prime (4-6 mos.)
do
*A
Discount rate, N. Y. F. R. Bank
do
1.50
Federal Land Bank loans
do
4.00
Intermediate credit bank loans
do
2.00
Time loans, 90 days (N. Y. S. E.)
do
1M
Savings deposits:
N. Y. State savings banks „.mills, of doL. 5,248
U. S. Postal Savings:
1,270
Balance to credit of depositors
..do
118
Balance on deposit in banks.
...do
FAILURES
Commercial failures:
Grand total
number..
Commercial service, total
do
Construction, total
do....
Manufacturing, total
do
Chemicals and drugs
do
Foods
do
Forest products
do
Fuels
do
Iron and steel
do
Leather and leather products
do
Machinery..
do
Paper, printing, and publishing-._do
Stone, clay, and glass
do
Textiles
do
Transportation equipment
do
Miscellaneous
_
do
Retail trade, total
do
Wholesale trade, total
.do
' Revised.
721
52
43
120
33
3
6
5
4
8
20
5
16
3
10
438
359
372
391
402
405
403
394
373
350
337
335
333
111
47
103
41
104
64
166
31, 572
15,806
15, 766
123
48
116
40
104
64
162
37, 496
19. 629
17, 867
133
50
128
39
112
63
158
34, 783
17, 286
17, 497
140
52
135
38
114
63
154
33, 225
16, 227
16,998
144
53
139
36
114
63
151
37, 505
18, 623
18, 882
146
53
141
35
112
62
147
144
34, 816
16,199
18, 617
53
136
33
111
62
145
31, 469
14, 363
17,106
139
48
122
31
110
62
142
33, 242
15, 656
17, 586
136
42
111
29
107
61
139
37,313
17,171
20,142
132
39
105
26
105
61
136
35, 869
17, 394
18, 475
130
39
105
25
104
60
133
45, 896
22, 658
23, 238
126
38
106
24
104
60
130
39, 479
19,096
20, 3S3
924
997
1,064
970
989
967
974
972
975
984
1, 051
1, 026
972
933
969
1,017
964
212
242
990
1,032
1,154
973
907
171
220
209
238
253
220
205
222
11,094
11,127
11,184
11, 266
11, 574
11,629
11,621
11,862
12, 057
12,208
12, 525
2,482
5
2, 475
5
5
2,430
8,049
7,717
11,184
6,524
2,474
3
5
2, 430
8,132
7,837
11, 266
6,574
2,473
3
4
2, 430
8,385
8, 119
11,574
6, 585
2,462
3
4
2, 430
8, 503
8, 210
11, 629
6, 758
2,470
3
8
2, 430
8, 579
8,312
11,621
6,800
2,473
3
9
2, 430
8, 659
8, 397
11,802
6, 844
2, 476
3
6
2,430
8, 914
8, 662
12, 057
7,035
2, 453
2, 430
8,021
7, 685
11,094
6,535
2,473
5
8
2, 430
8, 027
7, 680
11, 127
6,497
2,500
3
3
2,430
9,121
8, 8(55
12,525
7,109
5,784
2,986
3, 732
78.1
5,087
2,305
3,764
78.2
5, 486
2,664
3,762
78.3
5, 719
2, 866
3,795
78.4
5, 633
2,717
4,034
79. 0
6,005
3,029
3,978
79.2
6,410
1, 950
4,018
79.3
6,357
1, 840
4, 049
79.5
6, 753
2, 175
4, 116
79.9
14, 090
4, 900
13, 047
8, 690
1, 201
3, 156
7,959
349
1, 146
66
3, 117
3,281
13, 578
4,909
13, 229
8,643
1, 265
3,321
8,392
352
1,144
88
3, 313
3, 495
14, 258
5.047
13, 452
8,802
1, 281
3, 369
8, 343
316
1,141
67
3,304
3,485
14, 580
5, 035
13, 522
8,909
1, 305
3, 308
8,626
315
1,147
92
3, 486
3, 586
14, 679
5, 011
14,159
9,510
1, 289
3, 360
8, 460
315
1,145
62
3,319
3, 619
14, 850
5, 015
14,084
9, 456
14, 867
5, 032
13, 809
9, 263
1,236
3, 310
8, 454
318
1,145
65
3, 177
3,749
15,116
5,063
13, 929
9,336
1, 256
3, 337
8, 753
311
1,139
112
3,242
3, 919
15, 340
5, 065
13, 796
9,274
1, 257
3, 265
8,721
313
1,143
53
3,179
4,033
1,272
3, 356
8, 294
319
1,144
58
3, 173
3, 600
H
Me
fie
2, 430
9, 048
8,810
12, 208
7,068
6, 78S
2,236
4.199
80.3
6, 606
1, 984
4. 28 i
80. 1
15. 464
5,037
13,647
8,173
1,246
3,228
8,812
324
1,152
63
3, 205
15, 571
5, 067
13,742
9,241
1,238
3, 263
9, 189
351
1,156
66
3, 326
4, 068
4, 290
He
Vie
2. 43
2.43
3.47
'4.24
1.00
%
1.50
4. 00
2.00
3.46
2.56
2.61
2.54
2.51
2.44
2.44
2.42
2.40
2.46
3.63
3.60
3.47
3.45
3.51
3.61
3.47
3.45
3.50
4.51
.75
4.44
.75
4.43
.93
%
1. 50
4.00
2.00
4.39
1.00
%
1.50
4.00
2.00
4.35
1.00
%
1.50
4.00
2.00
1H
4.25
1.00
%
1.50
4.00
2.00
4.29
1.00
r 4. 23
1.00
1. 50
4.00
2.00
1.50
4.00
2.00
5,177
1.50
4.00
2.00
1
5, 204
4.40
. 75
%
1.50
4.00
2.00
1
5,175
5,165
5,210
5,197
5,197
5, 223
5, 201
1,214
224
1,216
221
1, 215
216
1,214
211
1,232
203
1,244
172
1, 249
166
1. 251
162
5,210
1, 255
158
1. 50
4.00
2.00
* 5, 246
1, 257
132
1, 200
132
856
41
36
137
3
34
13
3
6
4
12
8
1
30
2
21
544
98
946
47
51
158
2
50
11
3
5
4
6
17
7
27
3
23
830
38
32
161
5
37
12
4
7
9
2
13
4
48
2
18
506
93
832
35
46
146
5
33
11
2
773
43
36
143
11
35
11
3
639
34
42
131
4
37
6
6
6
8
5
7
655
37
36
104
6
30
6
1
6
2
7
10
2
18
3
13
408
70
586
39
43
107
2
33
14
1
8
3
6
7
1
20
2
10
328
09
611
35
34
105
6
23
6S8
29
46
139
2
43
11
3
4
2
8
11
5
30
6
14
409
65
692
32
43
141
5
36
15
4
6
10
9
11
3
27
2
13
398
78
H
1.50
4.00
2.00
1
H
17
1
26
8
21
533
72
27
1
20
479
72
22
365
67
H
m
3
3
4
14
6
17
4
14
382
55
4.14
1.00
H
210
r
12, 297
r
2, 497
3
3
2, 430
9, 156
8,862
r
12, 297
r
7, 257
' 6, 781
2,152
4. 160
80.2
r
15,493
5, 077
13, 638
9,149
1, 214
3.275
8,941
392
1, 151
60
3, 238
4,100
He-U
2.50
3.36
4.16
1. 00
%
1.50
4.00
2.00
1M
5, 244
1, 266
121
811
42
45
136
8
34
9
9
10
3
25
1
22
498
90
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data, may be found in the
1936 Supplement to the Survey
33
SURVEY OF CURRENT BUSINESS
April 1937
1937
February
1936
February-
March
April
May
June
July
1937
Decem- January
October NovemAugust September
ber
ber
FINANCE—Continued
FAILURES—Continued
Commercial failures—Continued.
Liabilities:
Grand total
thous. of doL.
Commercial service, total
do
Construction, total
do
Manufacturing, total—
do
Chemicals and drugs
_.do
Foods
_
_do
Forest products.
do
Fuels
...do.-..
Iron and steel
do
Leather and products.do
Machinery
do.....
Paper, printing, and publishing-do
Stone, clay, and glass
do—
Textiles
..-do
Transportation equipment
do
Miscellaneous
do—
Retail trade, total
do
Wholesale trade, total
do
9,771
1,169
1, 279
2,711
66
1,017
49
291
28
63
251
272
36
197
311
130
3, 571
1,041
14,089 I
404
1,819
3,360 !
12 ;
1,164 I
340 !
99 !
227 ;
49 j
125 ;
246 I
4
828 i
12 !
254 j
6,651 !
1,855 I
15,375
14,157
494
567
1,570
4,816
4, 959
2,709
108
90
762
389
169
264
122
94
154 {
124
140
108
93
128
1,020
374
808 .
4
625 !
408
110 j
517
211
848;
5,581 I 5,933
1,480 i 1,423
16, 271
650
4,484
4,371
21
707
248
1,546
90
51
218
322
146
568
47
407
5, 503
1,263
9,177
638
1,050
2,541
95
509
394
78
162
244
228
147
7
356
8
313
3,535
1,413
9,904
1,314
1,873
2,347
51
329
62
84
586
128
129
112
94
373
83
316
3,197
1,173
8,271
502
1,498
1,852
225
340
209
35
112
33
205
178
12
253
101
151
3,255
1,164
9,819
557
1,148
3,212
148
487
377
45
190
208
403
258
5
848
27
216
3,391
1,511
8,266
501
573
3,469
423
1,391
378
43
89
33
65
405
103
211
94
234
2,888
835
11, 532
287
2,781
3, 631
27
1,273
254
122
96
28
386
582
221
371
107
164
3, 901
932
8, 661
326
1,015
2,502
81
575
188
12, 288
478
1,601
3,121
27
774
329
57
48
696
234
144
145
477
69
121
3,135
3,953
339
139
65
148
27
674
6
260
3, 746
1,072
LIFE INSURANCE
I
(Association of Life Insurance Presidents)
Assets, admitted, total
mills, of doL. 20,609
Mortgage loans, total
do
4,127
Farm
do
703
Other
do
3,424
Bonds and stocks held (book value), total
mills, of dol
10,S67
Government
do
4, 960
Public utility
do—
2. Mi)
2. 678
Railroad
do
>-80
Other
do....
2, 623
Policy loans and premium notes
.do
Insurance written:
Policies and certificates, total number
thousands..
952
Group
-do
28
Industrial
do—
711
Ordinary
do
212
Value, total
thous. of doL 711,825
Group
d o — 40, 247
Industrial
do
212,231
Ordinary
do
459,347
Premium collections, total
do
Annuities
do
Group
-.do
Industrial
do
Ordinary
do
19,640
4,220
752
3,468
19, 775
4,198
746
3,452
19,875
4,188
739
3,449
19,997
4,172
733
3,439
20,119
4,167
726
3,441
20. 239
20, 380
4,158 4,166
720 j 718
3,438 I 3,448
20,516
4,142
708
3,434
9, 639
4,170
2,049
2, 651
770
2,699
9,795
4,293
2,060
2,657
786
2,690
9,908
4,352
2,105
2,635
816
2,676
10,015
4,419
2,130
2,643
823
2,667
10, 098
4,437
2,183
2,647
831
2,661
10, 227
4,534
2,230
2,640
823
2,653
10, 346
4,606
2, 241
2, 645
854
2, 647
10, 709
4,871
2, 323
2, 652
863
2, 632
1,096
47
821
228
749,138
59,130
230,464
459, 544
250, 655
30. 380
9, 365
55, 009
155,901
1,079
37
805
237
768, 076
42,095
233,333
492, 648
251, 841
27, 571
9,700
58,926
155, 644
1,045
55
767
223
749,491
79,323
220, 672
449, 496
255,954
32, 673
10,047
51, 522
161,712
1,003
29
771
202
668,638
39, 540
221,692
407, 406
235,996
26,182
9,054
58, 685
142,075
952
30
725
198
630, 831
35, 601
208,001
387, 229
225,486
25, 555
10,109
52,490
137,332
1,067
35
809
223
715, 261
40,507
232, 465
442, 289
239, 313
27,101
9,046
54, 734
148, 432
504
211
54
60
179
533
224
58
62
189
513
208
57
63
185
452
175
56
57
164
426
168
49
56
153
491
201
52
62
176
478
196
52
60
170
.327
.168
.087
1.000
.052
4.90
.047
.402
.370
1.055
.286
.536
.090
.253
.799
19,233 i 19,354 : 19, 435
19, 539
4,313 i 4,279 ! 4,256 ! 4,234
765 ; 759
786 !
773 !
3,475
3,527
3,506 ! 3,491
9,211 !
3,886 !
1,969 |
2,598 '
758
2,720 '
9,412 I
4,018 !
2,022;
2,608 ;
764 ;
2,713 -
9,508 ;
4,076 '
2,043
2,629
760
2,705:
10,642
4,789
2,364
2,641
848
2,641
j
24
769
201
661, 945
30,498
212,055
419, 392
250, 063
25, 558
9,451
56, 245
158,809
1,113
30
868
216
741, 366
37, 213
244,356
459,797
248,049
30,487
10, 679
47,959
158,924
1,147
32
890
226
771,311
56, 213
246,011
469, 087
259,941
30, 781
9,790
58, 223
161,147
i
1,090 i 1,058
29
54
853
777
208
709, 051 805,077
43, J24
80,570 I
230,846 216,363
429, 081 508,144
240, 380 360, 242
25, 592
67, 687
11,892
9,261
57, 440 100, 271
148,087 180,392
893
25
670
197
670, 276
42, 051
195,405
432.820
262,037
35, 512
10,000
57,286
159,239
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total .mills .of doL.
Eastern district
do
Far Western district
_.do
Southern district
do
Western district.
.-.
do
Q rates
1925-26=100..
488
213
45
58
172
460 '•
198 j
47
52
163
525
222
56
62
185
,
i
:
!
506
210
56 !
62
178
561 I
221 I
61 I
/1
462
201
43
208
97
164
.326
.169
.087
1.001
.052
4.89
.046
.402
.369
.053
.286
.540
.088
.252
.800
327
!l69
.087
1.001
.052
4.91
.047
.402
.371
.053
.285
.546
.077
.253
.800
.327
.169
.087
1.000
.052
4.91
.047
.402
.371
.053
1.285
.548
.071
.253
.789
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso-.
.335
.333
.331
.334
.330
.335
.326
.331
Belgium
dol. per belga..
.169
.170
.169
.169
.170
.169
.169
.169
.085
.084
.085
.086
.086
.087
Brazilcf
dol. per milreis..
.085 i
1.000
1.001
.999
.998
.997
1.000
Canada
dol. per Canadian dol-.
.998
.995
.052
.051
.051
.051
.052
Chile
dol. per peso..
.051
.051 ! .051
5.03
5.00
5.02
4.97
5.02
4.89
England
dol. per £ . .
4.97
4.94 I
.066
.067
.066
.066
.066
.047
France
.dol. per franc-.
.066
.066 i
.402
.407
.403
.403
.403
.402
Germany
dol. per reichsmark..
.404
.402
.379
.377
.379
.375
.379
.370
India
dol. per rupee,.
.373
.375
.079
.084
.079
.079
.079
.053
ItalyA
dol. per lira..
.079
.080
.294
.291
.293
.291
.294
.285
Japan
dol. per yen..
.289
.289
.679
.687
.681
.676
.677
.547
Netherlands
dol. per florin,.
.684
.679
.136
.138
.137
.136
.137
.067
Spain §
dol. per peseta..
.137
.137
.259
.258
.259
.256
.259
.252
Sweden
dol. per krona_.
.256
.255
.797
.798
.797
.797
Uruguay
dol. per peso..
.800
.798
Gold:
Monetary stocks, U. S
mills, of doL. 11,399
10, 674
10, 629
10,163
10,172
10, 202 10,324
10,514
Movement, foreign:
Net release from earmark ^ thous. of doL. -8,000 - 9 , 506
-155 -3,248 - 2 4 , 781
2,293 -11,945
Exports
..do
32
23,637
5
2,315
77
695
51
(2)
Imports
do
67,524
16,074
120, 326
7,002
7,795
28,106 169,957 277, 851
Net gold imports including gold released
from earmark •_„
thous. of doL. 112,326 -26,141
17,672
55,547
6,449
27,900 166, 704 252,993
Production, Rand
fine
ounces.. 922,941 894,624 933,776 912,639 938,050 944,165 967,993 964, 517
Receipts at mint, domestic
do
155, 332 125, 529 156, 435 163,674 181,140 157, 081 264,140 228,557
Money in circulation, total
mills, of doL.
6,062
6,191
5,892
6,203
5,779
5,918
6,369
5,857
2
i Quotations partly nominal.
Less than $1000.
§ Quotations nominal beginning July 31, 1936. No quotation from Sept. 22 to 30, and from Nov. 1 to 13, 1936.
A Quotations nominal through April 1, 1936.
r
1Or increase in earmarked gold (—).
• Or exports (—).
Revised.
.336
1.169
.086
1.000
.052
5.04
.063
1.401
1.380
1.079
1.294
1'. 662
M23
1.260
.797
10,983
11,116
11,202
11,310
-28,805 - 1 1 , 253
117
42
171, 866 218,929
2,956
127
75,962
-668
99
57,070
-48,330
11
121,336
207, 559
977,425
273,318
6,321
78, 791
944, 783
220,645
6,401
56, 303
970, 030
196, 248
6,563
72, 995
986, 268
193,079
6,400
10,764
143, 019
967, 328
237, 630
6,258
3 Official rate.
34
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1937
February
April 1937
February
March
April
May
June
July
1937
Decem- January
October NovemAugust September
ber
ber
FINANCE—Continued
MONETARY STATISTICS—Continued
Silver:
Exports
thous. of doL,
611
Imports
do
14,080
Price at New York
__dol. perfineoz._
.448
Production, world
.thous. offineoz_.
Canada
___do--—
Mexico
_
do
United Statesdo
Stocks refinery, end of month:
United States,
__.
_do._._
Canada
.do
141
17, 536
.448
20, 652
1,414
7,159
5,056
237
8,115
.448
21, 259
1,845
6,840
5,329
1,873
730
1,757
755
19,497
1,499
5,783
5,046
203
4,989
.449
19, 772
1,276
6,710
4,754
197
23,981
.448
21,374
1,450
7,157
5,293
138
6,574
.448
20,008
1,662
6,457
4,616
143
16,637
.448
21, 504
1,543
'7,850
4,733
1,834
638
1,316
691
1,151
409
1,101
345
1,535
317
535
4,490
.449
r
268
204
26,931
8,363
.448
.448
21, 846 •21,614
1,726
2,083
7,078
5,417
5,524
6,391
779
545
1,247
510
411
4,451
.454
21, 339
1,357
6,400
5,561
236
2,267
.454
19, 576
1,619
3, 748
6,165
"5,"409
985
403
1, 050
1,023
1,347
1,512
612
2,846
.449
1,252
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.)
mills, of doL.
Autos, parts, and accessories (28 cos.) _do
Chemicals (13 cos.)
___do
Food products and beverages (19 cos.).do
Machinery and machine manufactures
(17 cos.)
mills, of doL.
Metals and mining (12 cos.)—
-.do
Oil (13 cos.)do—.
Steel (11 cos.)
_
___do___.
Miscellaneous (55 cos.)
_do
Railways, class I (net income) f
do
Telephones (net op. income) •
-do
Other public utilities (net income) (53 cos.)
mills, of doL.
Standard Statistics Co., Inert
Combined index, unadjusted (161 cos.)
1926=100..
Industrials (120 cos.)
do_...
Railroads (26 cos.)
do
Utilities (15 cos.)
do—
Combined index, adjusted (161 cos.).,.do
Industrials (120 cos.)
do
Railroads (26 cos.)
do
Utilities (15 cos.)
do....
PUBLIC FINANCE (FEDERAL)
269.2
123.7
41.4
20.1
216.9
54.7
42.6
24.3
7.3
21.5
27.9
54.2
10.9
3.0
15.6
25.3
29.2
4.2
57.3
10.8
3.5
18.4
28.5
34.1
1.5
56.4
50.5
47.6
44.4
61.2
71.2
10.5
110.4
68, 3
76.7
15,8
102.6
89.3
109.1
10.
106.5
84.2
97.9
19.5
108.8
79.8
90.3
27.1
103.3
74.4
84.1
5.4
117.2
170.9
73.0
32.0
16.1
3.7
d
1
I
33,833
31,636
33,779
Debt, gross, end of month
-.mills, of doL. 34, 601 30, 520 31, 459 31,425
33, 444 33,380
Obligations fully guaranteed by the U. S.
Government:
Amount outstanding by agencies, total
4,667
4,654
4,703
4,718
' 4, 724 r 4, 669
4,630
4, 676
mills, of doL.
4. 667
1, 422 1,422
1,422
1,422
1,422
1,411
1,407
1,407
Federal Farm Mortgage Corporation-do
1,422
••2,995
2,993
3,029
3,044
3,013
r
3,050
2,970
2,995
Home Owners' Loan Corporation....do
2, 993
252
252
252
252
252
252
253
252
Reconstruction Finance Corporation.do
'252
Expenditures, total (incl. emergency)
thous. of doL. 645,053 517,044 643, 098 681, 507 590. 006 2,406,077 457, 656 657, 703 712, 560
Revenues, total
„
do.... 330,310 250, 705 779,521 258, 759 274,415 564> 167 322, 726 366,426 528,129
35, 554
31,580 34,763
32,122
Customs
do
41,726 33,087 35,342 32, 226 30,268
Internal revenue, total
do
237, 826 185.001 691,051 202, 780 182,119 478,229 288,327 254,026 467, 642
34, 517 303,067
40,118 29, 656 284, 421
35,127
Income tax
-...do
64, 035 43,610 404,209
Taxes from:
i
1,384
1,670
1,568
1,532
1.405
1,319
1,255 |
1, 266
Admissions to theaters, etc
_.do
1, 473
2,346
1,932
1,654
1,565
2, 357
3,911 j 2, 992
4,033
Capital stock transfers, etc
do
3, 743
511
457
185
283
230
165
174
202
Sales of produce (future delivery). do
500
496
423
683
221
596
321
336
424
Sales of radio sets, etc
do
465
Reconstruction Finance Corporation loans outstanding end of month:
Grand total
thous. of doL. !, 145,957 2,705,734 2649,851 2,632,263 2,507,293 12,421,604 2,226,026 2,215,165 5,205,564
Section 5 as amended, total
do
690, 932 905, 253 852,120 846, 269 836, 510 818,426 769, 261 763, 294 748, 411
Bank and trust companies including receivers
thous. of doL. 184, 530 335, 672 285, 504 276,109 267, 001 258, 287 246,523 236,860 226,451
3,378
3,814
3, 653
5,194
4,919
4,026
5, 557
6. 028
Building and loan associations
do
2, 214
4,429
4, 972
4,890
5,180
5,115
5,747
5,207
Insurance companies
.
do___.
5,852
3, 935
124, 547 125.124 126, 534 123,175 124, 864 129, 632 129,108
Mortgage loan companies
do
129, 710 125! 346
349,
261
350,841
350,948
393,027
394,168
388,432
390,199
I
389,
239
Railroads incl. receivers
do
345,447
38, 247 37,311
35,784
39,974
42,156
41, 643
39,391
40, 572
All other under section 5
do
25,096
Total Emergency Relief Construction Act,
as amended
thous. of doL. 630,918 771, 248 775, 237 760,567 648,518 628,682 564, 487 570,670 577, 607
Self-liquidating projects
do
204,839 155,321 159, 670 163, 597 172, 538 168, 489 174, 249 180,045 184,418
Financing of exports of agricultural sur47
47
47
pluses
....thous. of doL.
14, 027
13,584 |
47
47
Financing of agricultural commodities
94,
355
97,147
and livestock
thous. of doL. 130, 678 305,276 305,546 ! 300,487 179, 517 163,732 93, 777
Amounts made available for relief and
work relief
thous. of dol. 295, 354 296,625 296,436 296, 436 296, 416 296, 414 296, 414 296, 223 295,995
Total, Bank Conservation Act, as amended
thous. of dol. 640, 363 887, 636 877, 327 877,035 872,194 821,704 722,910 706,395 702,151
0ther loans and authorizations
do. _ _ 183, 744 141,598 i 145,167 148,392 150, 071 152,792 i 169,368 174,806 177,395
d
• Number varies.
Deficit.
» Preliminary.
Figures shown on p. 54 of the 1936 Supplement are in thousands of dollars instead of in millions as the box head indicates.
126.0
101.1
109.1
51.2
131.9
104.5
121. 0
38.0
123.5
33,833
33,794
«• 4,667
1,422
r 2,993
252
407
34, 502
4,667
1,422
2,993
252
4, 669
1,422
2,995
252
4,687
739,979 591,016
301, 968 259,963
41,342
35, 452
199, 248 176, 526
31, 634 28, 034
684, 821
552, 607
38, 698
478,633
281,178
1,797
2,182
309
869
1,606
2, 954
271
640
34,
2, 195
3,178
325
906
1,422
3,013
252
607,
320,
40,
207,
45,
418
034
518
4S3
216
1,506
3,367
423
684
2,201,209 2.181,322 2,168,160 2.174,006
739, 643 718, 680 7] 2,982
699, 545
218,889
2,902
4,284
128,368
353,810
31,390
208,669 201, 432
2,714
2,483
4,147
4,030
127,439 131,181
345.190 345, 9S0
30, 521 27, 876
191, 524
2.369
4,015
130, 345
345, 502
25, 790
584, 069 587,863 588,997
189, 068 192, 516 193, 252
630, 045
198, 339
47
47
47
47
99,195
99, 643
100, 043
136,305
295,759
295,657
295,655
295,354
695,987 691,987
181,510 182, 792
' Revised,
684,046
182,135
663,171
181,245
t Latest quarter estimated.
35
SURVEY OF CUREENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1937
February
February
March
April
May
June .
July
1937
Decem- January
October NovemAugust September
ber
ber
FINANCE—Continued
CAPITAL FLOTATIONS
New Security Registration
New securities effectively registered with the
Securities and Exchange Commission:
Issues, total
number..
93
56
83
128
83
Common stock
do
43
24
34
59
46
Preferred stock
do—
13
12
13
22
15
Certificates of participation, etc d o —
8
13
17
17
13
7
15
21
Secured bonds
do—
14
5
5
8
9
Debentures] and short-term notes d o . - .
6
4
Estimated gross proceeds, total
thous. of doL 491,400 212,089 583, 391 751, 013 319, 319
Common stock
d o — 168,474
27,113
81, 519 168, 638 88,913
Preferred stock
d o — 38,215
31,464
28, 793 53,973 31, 506
Certificates of participation, etc do.-_
52, 249 13,708
7,442 35,373
13,713
Secured bonds
d o . . . 212, 560 98, 679 334, 716 379, 436 79,118
41,125
Debentures and short-term notes do_«_
19,902
130,921 113,593 106, 069
104
40
19
16
14
15
110
47
14
27
14
8
114
59
23
10
14
79
46
16
6
7
4
67
32
11
10
11
3
124
53
27
9
21
14
30
10
7
18
4
526,330 266, 026
112, 777 47, 421
55, 643 30, 201
29, 245
7,192
104, 752 159,036
223,913
22,176
698, 408
167,126
34, 531
39, 548
234,635
222, 567
429,990
85, 622
134, 719
11,082
146, 509
52, 057
380,
357,
264,
91,
934
434
004
368
0
100
0
0
0
109, 337
16, 379
46,820
28, 454
64,816
23, 500
724, 220
724, 220
625, 912
88,875
1,000
3,249
0
0
0
395, 594
49, 236
87,958
2, 660
96, 998
0
622,486
537,486
305,973
132, 641
250
881
881
0
0
77, 735
63,336
31,130
26,000
205, 516
85, 000
174, 512
189, 512
109,885
0
79,452
15, 000
276, 258
271, 517
158, 071
158,071
109, 077
0
48, 833
0
222, 863
129, 927
265, 850
265, 850
218, 206
0
48,994
0
458, 371
407, 707
248,526
248, 526
102,456
0
146, 070
0
373, 960
203, 517
364,037 393,683
204, 625 309,314
45,425 72,088
358,696
241, 766
22, 238
592, 927
494, 619
131,294
475, 509
305, 973
146,977
523, 439
120,487
77, 317
1,300
159,700
165,636
362, 925 286, 022 260, 080
84, 066 92, 750 76,140
15,131
35,728 29,271
32,898
4,660 17, 212
170,987 45, 634 127,918
9,539
59, 843 107,250
767,421 1,002,703 419,917
743,921 941, 203 419,917
594,853 687,751 304,993
101,833 236,693 133,822
0
0
4,800
0
0
148
0
0
0
0
0
0
0
0
0
260,779 315,587 116,096
223,391 122,197 48,727
8,850 13,273
1,400
20,000 198,718
9,671
129,068 84,734 105, 253
23,500 61. 500
0
733,907
733,907
527,630
199, 653
0
1,903
0
0
0
185,336
106, 795
33,943
94, 429
111,848
0
338,779
338,779
294,393
49,050
7,125
1,000
0
0
0
149,804
49,690
37,724
2,080
42, 306
0
112,587
112, 587
37,608
5,900
69, 080
0
307, 330
267,385
219, 686
219,686
151,874
1,000
66, 812
0
514, 220
375, 756
103,164 218, 074 179, 487
103,164 218, 074 179,487
69,809 170, 799 74,590
0
0
0
33, 355 47, 275 104,895
0
0
0
235, 614 79,184 229,975
61, 639 175,460
224,583
743,929 938,205 380,049
571, 361 623,252 265,125
23,492 64, 498 39,868
654,721
448,444
79.186
305, 580 265,993
261,194 201,173
31,265
33,199
Securities Issued
(Commercial and Financial Chronicle)
Amount, aD issuesf
thous. of doL. 522, 360 302,859
423, 360 302,859
Domestic issues f
do
Corporate, total
_
_do— 354,363 194,613
131,313
37,501
Industrial
do
0
0
Investment trusts
_
___do
17, 873
5,250
Land, buildings, etc., total
do—
0
0
Long term issues
do
0
0
Apartments and hotels.—.
do—
0
0
Office and commercial
_do
Public utilities
d o - _ 145, 688 135,450
0
Railroads
_do— 46, 635
12, 854 16,413
Miscellaneous
_do
Farm loan and Gov't agencies
-do...,. 25, 200 10,200
43, 798 98,045
Municipal, States, etc f
do.._
99, 000
Foreign issues
do
0
Purpose of issue:
New capital, total f
do_._ 168,188 107,030
Domestic, total f
_do.__ 168,188 107, 030
Corporate
do.__ 129, 842 13,473
Farm loan and Gov't agencies. do.__
4,000
4,000
Municipal, State, etc. f
do___
34, 346 89, 558
Foreign
do__»
0
0
Refunding, total t
do.,_ 354,173 195,828
Corporate
_
dO-__ 224, 521 181,141
Type of securities (all issues):
Bonds and notes, total tdo_._ 382, 004 281,696
Corporate
do.__ 214, 006 173,450
Stocks
„
do.__ 140, 357 21,163
129, 543
129, 543
58,816
11.000
59, 727
0
637,877
536,037
176,679
176, 679
127,879
0
48,800
0
826,024
559,872
409,462 465,771
409,462 450,771
250,050 381,402
88,142 64,462
0
0
4,500
6,320
0
0
0
0
0
0
121,050 264,288
24,475
9,150
11,983
37,182
0
1,000
159,402 83,194
15,000
0
297, 258
297,258
232,438
16,001
0
973
0
0
0
43,473
51,500
120,492
7,800
57, 020
0
(Bond Buyer)
State and municipal issues:
Permanent (long term)_
Temporary (short term)__
thous. of doL
__do...
' 96, 541 118,092
91,889
10,700
119,995
37,219
11,954
74,814
775, 898 321, 637 466,193
45,297
52,161
129,969
800,684
92,053
591,079
80,460
42, 849
133,128
94,439
22,800
43,934
22, 746
67,447
18, 201
r
159, 481
51,748
82, 311 r 75,158
8,389 26, 627
r
92,904
89,120
• 225, 248
r
28, 597
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
_thous. of bu.
Corn
_do._.
768,278 1,328,691 1,032,278 662,183
148,124 415,816 395,058 213,787
514,893
113,037
518,782 1,164,158
230,599 258,319
777,857
199,166
SECURITY MARKETS
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollars..
Domestic
_
___do_.._
Foreign
do
Domestic (Dow-Jones) (40 bonds)
percent of par 4% bond__
Industrials (10 bonds)..
do
Public utilities (10 bonds).__
__do
Rails, high grade (10 bonds)..
do
Rails, second grade (10 bonds)
do
Domestic (Stand. Stat.)
Corporate (45 bonds)......
.__.dollars..
Municipal (15 bonds)
....do __
U. S. Government (Stand. Stat.):
7 bonds
_. do
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value
thous. of dol._
Par value
do
On New York Stock Exchange:
Market value
thous. of doL.
Par value
„
..do,.
Sales on N. Y. S. E., exclusive of stopped sales
(Dow-Jones):
Par value:
Total
thous. of doL.
Liberty and Treasury bonds
do
96. 64
99. 83
70.02
94.44
97.22
80.32
94.47
97.26
79. 76
93.90
96.69
79.21
93.83
97.38
67.47
94.24
97.63
67.87
94.78
98.19
68.39
95.39
98.81
68.68
95.79
99.27
68.00
95.92
99.41
68.16
97. 01
110. 55
68. 63
97. 35
100. 76
69. 10
96. 83
100. 05
69.78
101. 32
105. 54
100. 73
126. 38
82. 22
96.41
103. 57
99.13
123.69
73.18
96.50
101. 76
97.51
126. 34
74. 32
94.97
101.39
98.14
126. 22
70.70
94.88
101.09
98.14
126.90
70.43
96.11
102.09
98.69
127.15
72.31
97.35
103.68
98.86
126. 58
74.45
99.38
104. 06
100.88
126. 98
77.78
101.19
105.18
101. 55
128. 37
80.74
102. 59
105. 62
102. 22
129. 49
83.21
102. 70
106. 78
102.17
130. 68
82.34
103.04
107. 41
101. 68
132.32
82.51
102.91
107. 50
101. 32
131. 28
82.75
104. 5
119.7
104.3
114.4
104.4
116.0
103.7
116.2
102.7
116.2
102.6
116.9
102.4
117.4
103.0
117.8
104.3
118.8
104.9
119.5
105.4
122.1
105.4
124.8
105.8
123.5
111.2
109.3
110.0
110.2
110.3
110.4
110.3
110.8
111.1
111.0
111.8
112.3
111.6
287,861 329,488 293, 709
378, 520 420, 739 353, 380
317, 484
446, 393
309, 610
' 428, 010
276, 697 395, 266 336, 206 251,878
346, 260 511,121 410, 410 301,433
234,188 305, 052 261, 553 197, 277 163,983
300, 608 402,610 323,695 236,792 197,217
225,293
0
231,088
271,044
238, 071 179. 534 240,020
287, 510 225,927 322,466
175,145 2,275,275 774, 052 231,827 2,586,314 291, 650 224,923 1,087,961
0 12,135,000
10, 000 1,809,000 180,000
0 ' 914,000
0
' Revised.
t Revised series. For 1936 revisions see p. 35 of the March 1937 issue.
208, 596 283, 772 292,443 221,368
249, 620 332,383 350, 594 275,306
274,094
353,830
246, 072
297, 521
261, 214
379,805
255,434
• 365, 679
16,197
0
197, 835
0
521, 209
245,354
0
0
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1937
1936
1937
February
April 1937
February
March
April
May
June
July
Decem- January
October NovemAugust September
ber
ber
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds—Continued
Value, issues listed on N. Y. S. E.:
Par, all issues
mills, of doL.
Domestic issues
_
do
Foreign issues
do
Market value, all issues
do
Domestic issues
do
Foreign issues
do
Yields:
Standard statistics:
Corporate issues (45 bonds)
percent..
Industrials (15 bonds)—
do
Public utilities (15 bonds)
do
Railroads (15 bonds)
do
Municipals (15 bonds)
do
Bond Buyer domestic municipals (20 bonds)
percent..
U. S. Treasury bonds__
do
46, 572
41, 593
4, 979
45, 007
41, 521
3, 486
43,015
35,934
7,082
40. 625
34, 936
5,688
44,255
37,196
7,059
41,807
36,177
5,630
44, 223
37,150
7,073
41, 525
35, 922
5,603
42, 255
37, 242
5,013
39,648
36, 266
3,382
44,164
39,128
5,036
41,619
38, 201
3,418
43,981
38,947
5,034
41, 685
38, 242
3,443
44, 279
39, 241
5,038
42, 236
38, 776
3,460
45,211
40,178
5,033
43, 305
39,883
3,422
45,018
39,988
5,031
43,180
39,751
3,429
45, 026
40, 038
4,988
43, 680
40, 257
3,423
46,280
41,301
4,979
45, 054
41,613
3,441
46, 592
41,630
4,961
45,113
41,651
3, 4G2
4.24
4.36
4. 09
4. 26
4.25
4.27
4.04
4.43
2.86
4.24
4.32
4.01
4.37
2.78
4.28
4.38
4.00
4.45
2.76
4.34
4.45
4.04
4.52
2.76
4.34
4.44
4.03
4.56
2.72
4.35
4.45
4.02
4.58
2.70
4.32
4.42
4.02
4.52
2.68
4.24
4.40
4.00
4.33
2.62
4.21
4.40
4.01
4.24
2.58
4.18
4.33
4.00
4.22
2.45
4.18
4.30
4.00
4.24
2.31
4.16
4.29
4.02
4. 17
2.38
2.90
2.31
3.04
2, 62
3.03
2.54
3.12
2.51
3.00
2.50
2.99
2.50
2.95
2.50
2.91
2.43
2.86
2.41
2.85
2.42
2.69
2.29
358,909
332,406
26,503
273, 649
259, 487
14,162
200,042
192, 324
7, 718
162,174
155, 519
6, 655
409, 552
375, 035
34, 517
263, 830
237, 655
26,175
236,196
215, 003
21,193
331,918 231. 730
317, 088 226, 642
14,830
5,088
233,697
226, 269
7,428
1,886 9
923. 50
1, 337. 2
923. 92
1, 345. 5
923. 92
1,355.8 I 1,385.2
923.92
923.92
1, 397.4
923. 92
1,457. 2 1, 517.4 1, 539.6 1, 568. 2 1.825.6
923. 99 923.99
923.99
923.94
923.94
1, 876. 2
923. 50
1, 884. 0
923. 50
2. 09
1.77
1.45
2.98
1.32
2.39
1.86
1.21
1.98
3.04
1.96
2.14
2.04
1.55
2.03
3.07
2.01
2.21
2.09
1. 77
2.04
3.07
2. 02
2. 25
2^09
2.74
2.29
Cash Dividend P a y m e n t s a n d Rates
Dividend payments (N. Y. Times):
Total
thous. of doL- i
Industrials and niisc
do |
Railroads
do !
Dividend payments and rates (Moody's):
Annual payments at current rates (600 companies)
mills, of doL.
Number of shares, adjusted
millions..
Dividend rate per share (weighted average)
(600 cos.)
dollars..
Banks (21)
do—.
Industrials (492 cos.)
do_._.
Insurance (21 cos.)
do
Public utilities (30 cos.)
do
Railroads (36 cos.)
do
1.46
2 98
L33
2.39
1.86 j
1.21 I
1.47
2.98
1.34
2.39
1.86
1.21
1.50
2.98
1.38
2.39
1.86
1.21
1.51
3.00
1.41
2.03
1.86
1.21
1.58
3.00
1.48
2.09
1.95
1.21
1.64
3.00
1.56
2.09
1.96
1.21
1.67
3.04
1.58
2.13
1.99
1.21
1.70
3.04
1.62
2.14
2.01
1.21
880, 262 437, 541
814, 406 407, 957
65, 856 29, 584
233, 330
212,837
20, 493
Stocks
Prices:
Dow-Jones:
180. 1
182.1
167.8
165.9
175.0
155.2
149.3
162.3
155.8
151.8
155.9
Industrials (30stocks)
dol. pershare.183. 5
188.0
34.9
34.5
34.9
35.1
34.7
34.6
32.3
30.0
32.5
30.9
31.7
Public utilities (20 stocks).
do
35. 0
of\ 4
56.7
53.9
55.8
58.7
54.0
51.5
47.0
48.5
47.2
44.5
Railroads (20 stocks)
do
48.0
57.4
55. 1
130. 74
131. 55 133. 48 138. 39 141. 46 136.46
121. 63
124. 28
120. 00
120. 95
119.46
New York Times (50 stocks)
do
138.67
139.
48
221.15
220. 56 222. 54 230. 40 238. 88 231.11
206.14
211.69
Industrials (25 stocks)
do
201.17
203. 97
203. 36
231. 77
235.
41
44.42
44.04
41.81
46.38
42.55
37.12
40.33
38.84
37.94
36.88
Railroads (25 stocks)
do
45.58
35.57
43. 56
Standard Statistics:
124.2
114.1
123.
1
118.7
126.4
113.0
109.2
101.0
105. 6
Combined index (419 stocks) __.1926=100-.
106. 1
108.7
108.9
129. 5
130.2
144.3
143. 0
136.0
146.8
128.4
124.3
116.2
120.6
120.9
125.3
Industrials (347 stocks)
do
124.6
151.7
107.7
110.6
108.9
109.1
113.8
108.8
94.7
102.0
105.8
101.5
102.8
102.8
Public utilities (40 stocks)
...do
110.7
55.4
54. 4
58.4
57.9
53.9
55.9
48.9
45.0
47.7
50.7
49. 1
49.2
Railroads (32 stocks)
do
57.9
75.1
70.6
75.3
76.5
78.9
70.4
64.1
62.6
65. 0
65.8
72.1
66.4
Banks N. Y. (19 stocks)
do
90. 6
94.1
98.3
93.8
96.5
98.7
96.1
94.2
95. 2
106.8
102.1
96.1
Fire insurance (IS stocks)
do
98.4
Sales:
Market value of shares sold (S. E. C ) :
On all registered exchanges, total
thous. of doL. 2,701,226 2,503,129 |2,429,960 1,936,202 1,223,444 1,164,147 1,765,391 1,435,776 1,594,411 2,241,462 2,530,464 2,358,956 '2,663,064
On New York Stock Exchange
do
2,332,408 2,140,084 2,092,308 1,679,839 1,077,672 1,002,190 1,526,176 1,248,924 1,387,439 1,948,171 2,188,579 2,025,678 '2,246,887
Number of shares sold:
On all registered exchanges, total (S. E. C.)
99, 756 ' 117,097
59, 627 79,992 94,299
64, 728 50,937
thous. of shares.. 107, 061 120, 963 101,923
46,756
78,137
43,937
44,535
60,019
68, 306 71,123 r 81,687
48, 272 37,109
35, 943
85, 305
56,935
72, 004
75, 532
On N. Y. S. E., total (S. E. C.)
do
31,897
Exclusive of odd lot and stopped sales
58, 676
43, 998 50, 470 48, 605
34, 787 26, 564 30,872
21, 428
20, 615
51, 025
(N. Y. Times)
thous. of shares.. 50, 255
39, 616
Shares listed, N. Y. S. E.:
59,878
61,912
55,105
60,
020
54,532
58,
507
54, 067
50, 912
47, 774
49, 998
50, 202
51, 668
Market value all listed shares—mills, of dol.. 62, 618
1, 360
1,367
1,356
1,349
1,348
1,344
1,341
1,340
1,339
1,323
1,337
1,374
1,330
Number of shares listed
millions__
Yields:
4.0
3.4
3.9
3.9
3.5
3.5
3.4
3.4
3.5
3.8
3.3
3.3
Common stocks (200)*
.percent..
4.0
3.3
3. S
3.9
3.5
3.4
3.2
3.3
3.3
3.0
3.3
3.8
3.0
Industrials (125 stocks)*
do
3.5
3.5
2.2
3.0
2.4
2.4
2.5
2.8
2.7
3.0
2.8
3.3
2.8
Rails (25 stocks)*
do
4.6
4.6
4.4
4.4
4.6
4.4
4.4
4.4
4.9
4.5
4.5
4.7
4.5
Utilities (25 stocks)*,
do..3.4
3.1
3.4
3.4
3.3
3.2
3.3
3.7
4.0
3.6
3.9
2.8
3.7
Banks (15 stocks)*
do
3.0
3.1
3.0
2.8
3.1
3.0
3.5
4.1
2.9
3.0
3.1
3.9
3.7
Insurance (10 stocks)*
do
Preferred stocks, Standard Statistics:
4.99
4.94
5.04
5.02
5.06
5.03
5.04
5.03
5.06
5.04
5.05
5.02
4.96
Industrials, high grade (20)
do
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number..
Foreign
do
Pennsylvania Railroad Co., total
do
Foreign
_
do
U. S. Steel Corporation, total
...do
Foreign
_.do
Shares held by brokers
percent of total..
T
653, 435
7,859
225,120
3,101
181,493
3,870
21.75
649, 876
7,804
223,844
3,087
177,758
3,941
22.72
645, 457
7,540
221, 327
3,076
173, 633
3,866
23.51
Revised.
* New series. For data for period June 1929-July 1936, and a description of the series on yields of 200 common stocks, see p. 18 of the Sept. 1936 issue.
641,168
382
218, 720
3,055
170,448
3,781
23.92
37
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1937
February
February
March
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
FOREIGN TRADE
INDEXES
Exports:
Total value, unadjusted
1923-25= 100. _
Total value, adjusted
do
U. S. merchandise, unadjusted:
Quantity...
do.
Value
do.
Unit value
_
do.
Imports:
Total value, unadjusted
do.
Total value, adjusted
do.
Imports for consumption, unadjusted:
Quantity
1923-25=100Value
do.
Unit value
do.
Exports of agricultural products, quantity:
Total:
Unadjusted
1910-14=100..
Adjusted...
do
Total, excluding cotton:
Unadjusted
do
Adjusted.
-do
VALUE
Exports, inch reexports
thous. of dol-By grand divisions and countries:
Africa
-do
Asia and Oceania
do
Japan
-do
Europe
do
France
do
Germany
do
Italy
_
-do
United Kingdom
do
North America, northern
_do
Canada
do
North America, southern
_.do
Mexico
do
South America
do
Argentina
-do
Brazil
do
Chile
do—.
By economic classes (U. S. mdse. only):
Total
thous. of doL.
Crude materials
do
Cotton, unmanufactured
do
Foodstuffs, total
do
Foodstuffs, crude
--do
Foodstuffs, mfgd
do
Fruits and prep
-do
Meats and fats
do
Wheat and
flour
_do
Manufactures, semi
.do
Manufactures, finished.
do
Autos and parts
do
Gasoline
do
Machinery
do
General imports, total
do
By grand divisions and countries:
Africa
do
Asia and Oceania
do
Japan
do
Europe
do
France
do
Germany
do
Italy
do
United Kingdom._
do
North America, northern
do
Canada
do
North America, southern
do
Mexico
do
South America
do
Argentina
do
Brazil
do
Chile
do
By economic classes (imports for consumption):
Total
thous. of doL.
Crude materials
do
Foodstuffs, crude
do
Foodstuffs, manufactured
do
Manufactures, semi
do
Manufactures,
finished
do
140
81
58
232,504
229,050
54,410
34, 066
22, 524
3,522
19,002
9,903
2,624
1,815
37, 937
114,179
25, 974
5,062
31,475
277,805
260, 320
90, 930
41, 399
34, 929
52,187
40,875
51
51
51
53
53
56
49
55
47
54
47
51
58
55
79
52
65
77
51
66
83
53
64
74
48
66
72
47
66
71
47
G6
86
58
68
60
60
62
55
63
58
59
58
59
62
60
65
60
62
67
70
113
59
53
115
61
53
116
63
54
110
59
54
114
61
53
115
62
54
117
63
54
124
68
55
45
54
40
52
27
33
40
68
63
33
35
31
35
39
39
47
44
192,629
200,666
184,908
179,828
178,314
220,149
9,215
39, 337
16,211
78, 247
9,311
7,787
4,827
27, 954
32.128
31,557
17, 902
5,932
15.801
4,031
3,704
1,562
9,326
38,902
14,680
78,097
7,301
7,240
5,697
30, 450
37, 500
36, 693
18, 535
6,243
18,306
4,507
4,475
1,676
8,628
38,766
13,627
69,400
8,893
6,541
4,299
27,066
35, 498
34,875
16, 789
5,800
15,828
4,662
3,757
982
10, 562
35, 725
11, 975
64,462
6,448
7,041
2,873
27, 381
32, 016
31, 296
17,819
6,830
19, 243
5,957
3,560
1,540
8,828
33, 570
10, 764
69,978
8,484
5,840
2,285
33,223
32,251
31,516
18, 528
6,348
15,159
4,124
3,557
1,071
9,451
43,654
21,328
98,937
14.929
10,213
2,868
47,498
32,142
31, 498
19, 370
6,381
16, 596
4, £46
3,516
1,051
189,408 196,913
40, 431 42, 627
22, 764 22,905
14,199
15,925
4,949
4,621
9,250 11, 304
5,475
5,258
3,340
4,231
1,391
1,464
33.802 35,115
100,976 103, 245
22, 972 22, 532
5,059
5,570
30, 651 29, 611
202, 789 191,110
180,601
39,310
19,707
14, 509
4,402
10,107
4,144
3,982
1,281
34,107
92, 674
19,135
4,366
25, 962
190, 387
176, 397 175, 556
30,379
38,127
10, 788 12,360
15,036
19, 675
3,774
5,725
11, 262 13,950
4,952
8,719
4,088
3,135
1,335
1,656
33, 282 32, 287
97, 701 85, 467
16, 915 12, 359
5,036
4,983
29, 311 25,178
194,114 192, 375
217,535
72,819
38, 221
23, 349
5,697
17,652
10, 438
3,013
2,424
31,860
89,508
12, 451
5,495
27, 307
215,645
181,838
194, 792
8,307
32,553
13, 251
83, 697
9,794
8,803
7,571
32, 304
25, 638
25, 275
16, 281
5,277
15, 361
4,154
4,214
1, 254
10,553
38,332
16,401
82,932
179,195
50,054
26,647
14, 763
4,020
10, 743
6,277
2,853
1,215
28, 319
86,059
22,143
3,619
192,081
44,486
26,322
16, 848
5,087
11,761
6,756
3,496
1,439
32, 096
98, 652
23,955
3,265
27, 872
24, 569
9,489
5,891
32, 012
27,945
27,356
19, 593
6,395
15, 438
3,876
4,109
1,274
192, 776
4,794
58,953
14,531
53, 349
4,343
5,770
2,853
16, 436
22, 944
22,860
24, 738
4,539
27, 997
5,077
10, 766
3,812
5,504
59, 766
12,670
55, 789
5,385
6,490
2,812
16, 949
26, 675
26, 309
24,828
5,240
26,125
5,700
9,469
2,448
189, 589
58,613
28,745
31,547
40,060
30, 625
194, 281
57,749
31,221
32, 338
36,127
36,847
6,468
66, 479
4,250
58, 263
12,053
54,665
4,888
6,036
3,375
14, 770
30,100
29, 749
24,190
4,087
19, 641
3,821
5,923
2,896
2,425
60, 236
11,088
53, 543
4,163
5,866
2,904
14, 540
29, 917
29, 409
24, 214
4,052
20, 052
3,060
6,950
1,508
199, 787 188, 421
62,076
55,071
28, 690 21,759
37, 035 34.080
37,577 38t 456
34,409
39,056
193,622
54, 612
22,893
36,065
43,056
36,996
13,141
50,408
4,357
5,687
2,708
14,299
27.129
26, 921
27, 209
5,090
25,095
5,564
7,186
3,555
2,803
3,164
60,845
16,948
57,089
5, 759
6,023
2,480
15,444
36, 620
36,161
12,515
3,258
22,141
4,173
7,682
1,667
3,585
67, 733
16,017
66,291
5,905
7,212
3,171
17, 524
36, 015
34,998
17,103
3,055
24, 918
6,546
9,455
1,476
196, 516 200,090
56,022 61,663
24, 529 28, 627
34, 726 27, 630
42, 660 40,814
38,579
41,356
218,370
69,437
31,063
33,149
40,817
43,904
12,187
55, 049
4,657
7,570
2,861
14, 305
30, 990
30,594
19,149
4,044
20, 024
3,597
7,241
1,433
59
52
61
57
58
57
89
60
67
89
61
68
85
59
64
61
61
76
76
74
74
123
67
54
114
63
55
135
75
56
125
71
57
76
59
66
52
64
57
41
38
37
35
40
39
264,740
225, 766
229 739
221, 550
10,919
51,065
26, 663
122,697
17,102
10,905
5,699
59,511
39,180
38,442
21,456
6,670
19, 423
5, 296
5,032
1,272
8,208
44 200
24 100
98 236
11 410
9 550
5 401
43 839
36 539
35,905
19 771
6 799
18 812
5 320
4 867
1 288
12, 651
41 180
16 433
99 863
15 808
8 995
5 907
40 623
33 137
32 556
22 616
7 723
20, 291
6,317
4 237
1 579
10,094
49, 281
22, 364
88, 677
13,492
7,056
6,633
35, 282
31, 687
31, 297
22, 047
6,965
19,763
5,312
4,162
1,668
261,963 223 321
100,418 82 173
58,402 46 969
24,923
13 697
4 369
7,490
17,433
9 328
11,831
4 579
3,409
3 560
2,541
1 429
36, 668 32,826
99,953 94 626
15, 766 21 218
4,534
5, 307
31,760 26, 408
212,464 196,491
226 605
67 383
40 220
13 112
3 644
9 468
3 776
3,325
1 931
34 901
111, 208
28 769
3, 993
30, 788
244, 321
217, 949
60, 587
37,461
13.062
3,598
9,464
4,263
2,980
1,894
34,156
110,144
27, 586
5,882
31, 532
240, 396
6,284
66,805
16,427
80, 890
7, 137
7, 616
4, 812
26, 443
39, 550
39, 010
17, 607
4, 640
184
8,181
11, 462
2, 520
7, 573
76, 843
17, 683
67, 213
5.859
7,717
4,291
18,453
33, 975
33,089
22, 361
5,088
32, 431
8, 467
11,534
2, 898
104
70
74
3,581
61,189
15,930
70, 722
6,807
8,767
4,756
18, 548
39,068
38,532
13,166
3,691
24,739
7,585
8, 758
1,601
3, 800
53, 698
15, 340
64, 695
6, 165
6, 567
4, 416
16, 625
38, 775
38, 331
12,377
3,435
23, 146
7, 583
8, 466
980
213, 209 200, 391
62, 758 61, 226
33,802 i 30, 582
27, 512 27, 705
40, 536 40, 638
48,601 40, 241
239,
75,
40,
33,
48,
42,
835
383
221
036
967
228
228, 682
77, 045
38, 727
29, 648
46, 533
36, 729
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
.thous. of doL_
Operating income
do
Electric Street Railways
Fares, average, cash rate
Passengers carried
Operating revenues
cents..
8.075
thousands.. 757, 518
thous. of doL.
8,245
126
123
8,579
110
8,435
123
8, 323
119
8, 371
120
8,809
115
8,975
120
8, 930
124
10,021
125
8.101
r g. 099
780,142 814, 298
56,443 I 58,752
8.092
790, 697
57, 627
8.092
788, 307
57,426
8.092
758,943
55, 553
8. 092
720, 396
53, 553
8. 075
704 446
52 612
8.075
737, 523
54,761
8.075
814, 254
59,900
8. 075
777, 157
57, 047
8. 075
847. 775
62| 446
7,708
127
8.075
803, 620
57, 834
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1936 Supplement to the Survey
ary
April 1937
1936
February
March
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
T R A N S P O R T A T I O N AND C O M M U N I C A T I O N S — C o n t i n u e d
TBANSPORTATION-Continued
Steam Railways
Freight carloading (Federal Reserve):
Combined index, unadjusted..1923-25= 100.
72
Coal...
do91
Coke
do...
101
49
Forest products.__
do...
64
Grain and products
do...
34
Livestock
do...
Merchandise, 1. c. 1
do
Ore__
_
...do...
27
Miscellaneous
do...
82
Combined index, adjusted
do...
80
83
Coal.
_do.__
89
Coke
do—
Forest products
do._.
Grain and products
do__.
Livestock
>
.
do
36
Merchandise, 1. c. 1
do
68
114
Ore
do...
Miscellanequs
do
95
Freight carloading (A. A. R.):
Total cars \
..thousands.
2, 778
Coal
doCoke.
—
do...
Forest products
do...
140
Grain and products
do...
117
Livestock
do...
45
Merchandise, 1. c. 1
do...
640
Ore
do...
42
Miscellaneous..
_
do...
1,117
Freight-car surplus, total
do...
113
Box cars
,
do_._
54
Coal cars
do...
19
Financial operations (.Class I Railways):
Operating revenues, total
thous. of dol.. 321, 927
Freight
do— 264,167
Passenger
do... 33, 016
Operating expenses
do— 244,146
Net railway operating income
..do.-. 38, 359
Net income
do...
Operating results:
Freight carried 1-mile
.mils, of tons.
Revenue per ton-mile._
cents.__
Passengers carried 1 mile
millions...
Canals:
Waterway Traffic
Cape Cod
thous. of short tons.
275
New York State
do...
0
Panama, total
thous. of long tons.
1,840
In U. S. vessels
do
467
St. Lawrence
thous. of short tons.
0
Sault Ste. Marie
do—
0
Suez
thous. of metric tons.
Welland
thous. of short tons.
0
Rivers:
Allegheny
do...
193
Mississippi (Gov. barges)
do...
89
Monongahela
__
do...
2,496
Ohio (Pittsburgh district)
do...
1,325
Clearances, vessels in foreign trade:
Total
.thous. of net tons.
4,244
Foreign
do...
2,997
United States.
_.do.._
1,248
Travel
Operations on scheduled airlines:
Express carried
pounds..
Miles
flown
thous. of miles..
Passenger-miles
flown
do
Passengers carried
number..
Hotels:
3.22
Average sale per occupied room
dollars _.
66
Rooms occupied
percent of total..
90
Restaurant sales index
1929=100..
Foreign travel:
Arrivals, U. S. citizens
number.. 27, 680
30, 655
Departures, U. S. citizens
do
1,413
Emigrants
do
3,224
Immigrants
do
7,716
Passports issued
do
National Parks :f
Visitors
do
Automobiles
do
Pullman Co.:
Revenue passengers carried
thousands..
Revenues, total
thous. of dol..
COMMUNICATIONS
Telephones: §
Operating revenues
thous. of dol__
Station revenues
-do
Tolls, message
-do
Operating expenses
..do
Net operating income
do
Phones in service end of mo
thousands..
Telegraphs and cables:
Operating revenues
thous. of dol—
Commercial telegraph tolls..
—do
Operating expenses
do
Operating income
do
65
106
89
37
66
31
60
15
63
70
97
79
36
68
33
62
62
74
62
60
56
42
72
35
63
15
73
66
63
55
40
85
41
62
64
77
66
64
58
42
66
38
65
27
79
69
77
61
40
86
41
63
53
77
37
66
107
83
70
73
70
44
84
39
64
71
80
'2,512
••732
'43
r
106
r 120
r 41
r 581
r23
'867
171
104
22
2,419
423
27
122
136
48
622
24
1,017
205
104
61
2,545
445
28
121
123
50
647
35
1,096
179
97
42
3,352
557
41
162
155
61
795
187
1,394
185
105
41
300,430
• 245,120
31, 902
•235,875
' 33, 562
d
11, 674
308, 304
251, 821
30, 516
236, 579
35,206
d
8,316
313, 410
256, 322
30, 653
235, 073
41, 548
* 2, 295
29,153
.931
1,682
27, 992
.994
1,539
28,145
1.015
1,578
29,894
.975
1,578
81
0
2,155
813
0
0
1,864
0
200
0
2,634
981
0
0
2,149
0
227
228
2,430
1,023
187
37
2,091
95
43
102
547
56
140
1,327
520
4,305
3,049
1,256
4,639
3,225
1,414
353, 293
3,958
18,122
41,330
72
71
65
61
69
48
77
35
66
130
83
70
70
75
46
89
41
66
72
79
75
65
73
47
117
41
66
139
84
73
74
83
48
98
49
67
77
80
76
68
71
50
88
46
67
141
85
70
71
79
47
73
52
67
82
77
82
80
83
50
71
57
70
150
95
72
74
85
47
58
48
67
93
80
84
90
87
49
69
65
69
133
97
73
79
85
48
62
49
66
95
82
80
92
96
49
73
59
68
73
92
80
84
93
51
69
51
67
105
94
74
92
97
46
71
45
66
23
83
86
86
90
57
73
45
71
95
107
70
89
97
42
65
42
64
26
78
80
79
88
48
68
40
68
108
97
2,787
426
33
139
140
47
649
202
1,151
170
90
44
2,826
434
35
131
212
52
628
209
1,125
147
77
37
3,701
605
43
181
217
77
828
274
1,476
146
81
30
3,061
531
39
139
127
73
663
226
1,264
125
71
23
4,096
791
53
178
161
109
856
264
1,683
112
65
17
3,013
625
45
136
131
77
651
113
1,236
121
63
23
2,776
625
45
132
130
59
632
33
1,119
133
65
30
3,317
759
58
149
148
68
764
49
1,322
131
64
26
320,966 330, 692
262, 727 268, 542
30,351
34, 845
240, 234 241, 812
41, 842
50, 313
<* 2, 420
8,902
349, 744
283,944
39,187
248, 366
61, 774
19, 283
350, 585
283, 602
39,321
246, 299
64, 681
20,857
357, 207
291, 772
36, 356
248, 553
70,166
26,406
391, 457
326,056
33, 914
261,212
89,851
46,234
358, 548
298,220
32,083
248,285
72,411
30,083
372, 265
299,231
39, 262
257, 424
70, 520
49, 678
331, 685
268, 651
37, 441
253, 664
38, 437
d
4, 598
28, 760
1. 023
1,941
31,144
1.002
2,261
32,076
.971
2,308
33,049
.964
2,064
37,148
.955
1,913
33,865
.957
1,798
33, 980
.963
2,164
33,130
270
568
2,420
940
1,300
8,710
2,215
1,618
228
616
2,460
989
1,207
9,835
1,981
1,444
258
738
2,450
976
997
10,951
2,150
1,322
232
605
2,396
1,058
1,060
10,699
2,554
1,366
258
821
2,526
1,054
1,130
11,041
2,172
1,407
281
722
2,463
962
1,386
10, 789
2,172
1,646
255
717
1,747
485
999
7,094
2,302
1,308
288
0
1,539
214
22
373
2,346
232
325
0
1,856
281
0
0
2,689
0
226
188
1,928
863
365
200
2,361
1,246
367
155
2,457
1,319
405
143
2,564
1,399
404
138
2,623
1,461
378
127
2,569
1,425
428
129
2,661
1,452
134
129
2,446
1,355
260
103
2,601
1,372
129
79
1,896
854
4, §72
3,329
1,542
6,057
3,901
2,155
6,134
4,121
2,013
6,564
4,418
2,146
6,886
4,694
2,192
6,668
4,606
5,973
4,209
1,764
4,881
3,631
1,249
4,351
3,255
1,096
4,199
3,156
1,043
538,736 483,505
4,860
4,885
31, 730 30, 326
70,926
71,449
483,798
5,511
40,097
96, 368
701,142
5,620
40, 252
97,453
613, 837
6,043
44, 364
111,072
565,358
6,046
43,109
106,143
652,930
5,756
43,510
101, 239
799, 266
5,913
44, 411
102, 917
751,890
5,639
42, 891
96, 019
663,721
5,301
37, 714
82,022
554,030
4,199
21,379
46, 012
70
46
69
•
2,061
3.01
66
82
2.89
65
3.00
68
93
2.85
64
86
2.97
64
93
2.98
61
89
3.10
61
91
3.09
66
91
3.14
69
95
3.28
65
96
3.10
60
91
3.12
70
92
20,991
21,189
1,926
2,252
4,918
30, 678
26,081
2,108
2,591
8,071
24, 808
24,149
2,134
3,016
15, 509
20,010
21, 686
2,643
3,067
27, 725
21, 038
22, 732
2,527
3,008
31, 305
30, 346
36, 361
2, 780
3,571
16, 980
61, 230
57,067
3,004
3,891
8,198
63, 575
48, 693
2,612
4,606
6,564
33,176
36, 246
2,436
5,101
5,659
16, 973
22,983
2,708
3,871
5,865
19, 573
21, 222
2, 653
4,082
6,104
19, 686
21, 757
1,897
2. 958
7, 046
42, 280
12, 270
47, 083
14,120
67, 767
20,068
144,034
43,128
311,391
91, 575
655, 786
182, 958
622, 721
175,090
258,495
77, 712
77,783
24,926
46,127
14,102
13, 019
14,211
1,359
4,326
1,312
4,479
1,353
4,438
1,295
4,163
1,430
4, 705
1, 516
5,019
1,565
5,211
1,519
4,929
1,469
4,959
1, 351
4,309
1,497
4,772
1, 605
5, 697
85, 364
56,329
21, 271
57, 649
17, 746
14, 839
88, 909
57, 594
23,459
59, 582
19,165
14,921
88,754
57, 667
23, 298
59, 543
18,818
15,004
89, 209
57, 864
23,486
59,614
19,182
15,088
89, 680
57, 673
24,116
59,778
19,268
15, 111
91,129
57, 681
25,406
62,136
18, 298
15,549
89, 571
56, 727
24, 692
59,960
18, 853
15, 622
90, 668
58,441
24,095
60,923
19, 277
15, 762
93,979
60,781
24,984
61,910
22,142
15, 880
92, 393
60, 285
23,843
61,363
21, 274
15, 961
96, 638
62,045
26, 340
63,891
23, 822
16, 067
8,978
6,851
7,793
760
10,046
7,757
8,288
1,326
9,996
7,742
8,156
1,407
10,025
7,787
8,302
1,292
10,551
8,244
8,513
1.603
10,534
8,258
8,718
1,399
10,121
7,917
8,616
1,088
10, 321
8,010
8,608
1,300
10, 564
8,134
8,600
1,438
9,803
7,541
8,310
1.070
11, 893
9,326
9,800
1,481
10, 326
8,049
8,854
878
'Revised. 'm**$
<* Deficit,
f Revised series. For revisions for period 1919-36 see p. 20 of the December 1936 issue.
1 Data for May, August, October 1936 and January 1937 are for 5 weeks; other months, 4 weeks.
§ While the number of telephone carriers reporting varies somewhat ,the coverage has shown very little change, and the series are comparable for all practical purposes.
39
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data, may be found in the
1936 Supplement to the Survey
1937
February
1936
February-
March
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
5,954
5,410
Consumption
thous. of wine gal5,939
5,477
Production
___
do...
1,718
1,273
Stocks, end of month
do.-.
Alcohol, ethyl:
17, 572 12, 749
Production..
._
thous. of proof gal20, 315
19,821
Stocks, warehoused, end of mo.
do.__
9,334
9,860
Withdrawn for denaturing
do
2,094
1,649
Withdrawn, tax paid
_.do_-_
Methanol:
40,843
Exports, refined
gallons. 205,156
.36
Price, refined, wholesale (N. Y.)-dol. per galProduction:
500,
685 494,144
Crude (wood distilled)gallons.
Synthetic
d o . . . 1,849,302 ,540,171
Explosives, shipments.
thous. of lb.
28, 272 28,825
Sulphur production (quarterly):
Louisiana
long tons.
Texas
___
__.
-._do__.
Sulphuric acid (fertilizer manufactures):
Consumed in production of fertilizer
117,864
short tons.
Price, wholesale, 66°, at works
15.50
dol. per short ton.
15.50
152,860
Production
short tons.
Purchases:
13,352
From fertilizer manufacturers
do...
15, 111
From others
do._.
Shipments:
20,921
To fertilizer manufacturers
do...
37,170
To others
do...
5,645
5,693
1,767
5,942
6,006
1,836
7,635
2,607
7,302
7,409
2,707
6,117
6,101
2,666
6,949
6,927
2,635
8,478
8,604
2,756
16,103
15,034
1,682
12,946
12, 584
1, 311
11,243
11,079
1,131
6,715
6,810
1,509
14, 303
22,429
9,512
2,054
12, 818
21,146
10, 295
2,441
14,668
21,311
13,109
1,989
14, 620
21, 300
12, 605
2,119
17, 744
25, 047
10, 591
2,780
17, 998
27, 475
12,458
2,529
16,893
26, 363
15, 298
2,359
18, 842
26,258
2,952
20,170
13,360
22,161
3,215
19, 943
9,702
19, 456
3,315
18,707
14,035
11, 553
2,272
41,915
40,897
19, 496 18,090 48, 400 34,976
30,888 146, 621
48,891
.38
.38
.38
.38
.37
.38
.38
.38
41
426, 313 427,079 413,930 '384,751 447,499 429, 500 511, 541 520, 722 548, 982 525, 070
1,631,832 1,692,921 1,754,998 1,863,405 1,950,825 2,309,377 2,695,591 3,278,052 3,417,755 2,009,952 1, 835, 815
25, 514 27, 483 30, 394 31,471
30, 484 32, 567 34,151 36, 472 37,453 35, 055
27, 894
73,349
.38
79, 772
389,608
106, 785
72, 022
384, 671
81,921
82,396
95,168
73, 605
436, 338
99 325
15.50
15.50
15. 50
15.50
15.50
141, 339 119,565 126, 419 122, 681 121,166
114, 521
62, 700
120, 370 163, 265 175,123
15.50
15.50
15.50
141, 501 135, 717 169,814
180, 560
159,911
15.50
15.50
176, 500 182, 217
15.50
176, 492
15, 722
15,988
10,721
12,273
13, 518
16, 725
15,437
26,922
29, 712
21, 111
30,065
23, 383
32, 304
22,918
43,439
31,710
39, 203
44,523
43,844
34, 272
22,307
54, 306
13,258
55,451
20,870
53, 492
18,129
49, 744
22,106
53, 351
31, 221
45, 962
24, 103
51,118
23,477
56, 538
27,388
57, 756
37, 840
44, 86U
33, 381
36, 677
38, 739
47,109
1.402
178;789
31, 552
133, 762
139
173, 708
134, 406
62,115
4,252
31, 749
1,023
117,628
17, 515
91,481
301
189,085
149, 968
100,982
3,368
28,553
249
144,811
19,767
110,448
85
140,334
107,828
69,733
7,348
8,677
84
101,923
7,400
89,691
158
75,888
58,866
36,216
4,619
8,065
44
151,082
13,311
123,950
513
64,619
35,320
6,773
1,779
24,844
61
145
100
178
138
126,899 150,753 173, 426 123,609 68, 721
9,131
14,470 37,286
12,004 12,106
105, 539 121, 554 127,067 99, 750 53, 393
799
450
298
119
269
64, 514 72, 382 167, 050 99,001 161,112
36, 250 32, «51 48,958 49,126 67, 345
2,683 29,431
1,383
5,640
19, 513
2,494
3,951
3,526
4,480
2,837
19,427 32, 310 57,967 40, 884 87,983
414
61, 002
8,006
49, 340
173
199, 312
80, 513
52, 633
5,580
111,929
1.325
1.325
1.325
1.325
FERTILIZERS
Consumption, Southern States
744
545
thous. of short tons..
Exports, total
long tons.. 59, 286 149,917
15, 405
36, 326
Nitrogenous
do
40, 418 105,420
Phosphate materials
do
122
276
Prepared fertilizers
do
233, 207 218,892
Imports, total.
do
182,851 165,555
Nitrogenous
.._
do
105, 711 92,739
Nitrate of soda
__.»_do
4,164
6,332
Phosphates
do
Potash
do.__. 33, 349 43,885
Price, wholesale, nitrate of soda, 95 percent
1.375
1.285
(N. Y.)
dol. per cwt..
Superphosphate (bulk):
259,374
Production
.
short tons..
54,687
Shipments to consumers
do
1,137,700
Stocks, end of month
do
257,728 216, 558 203,945 225,485
238,498 219,340 119, 612 45,817
953, 739 742,105 702. 335 721,243
1.325
1. 325
1.325
1.375
1.375
1.375
1.375
243,162 256, 792 •299,065 369, 335 389, 369 393, 600 377, 200
9.510
21,113 127, 378 72, 254 32,137 23, 502
35, 023
770, 790 845,381 •876,563 985,632 1,117,011 1,133,640 1,125, 576
NAVAL STORES
Pine oil, production
gallons.
Rosin, gum:
Price, wholesale, " B " (N. Y.)__dol. per bbL
Receipts, net, 3 ports
__bbl. (500 lb.).
Stocks, 3 ports, end of month
do
Rosin, wood:
Production.
do
Stocks, end of month
do
Turpentine, gum, spirits of:
Price, wholesale (N, Y.)
dol. per galReceipts, net, 3 ports
bbl. (50 gal.)Stocks, 3 ports, end of month
...do
Turpentine, wood:
Production
do
Stocks, end of month
do
405, 642 354,433
346,676
374,585
9.98
4.68
25,296
23,348
128, 241 222,638
4.45
32,002
156,291
4.50
4.51
5.12
5.83
6.91
7.23
58,894 82,738 97, 781 108, 648 101, 939 95,693
144, 782 144, 258 156, 592 173, 946 188, 065 194,883
58,068
62, 392
371, ©36 365, 784 415,922
52,693
83,021
51,326
83,346
54,209
87, 257
53, 640
93,152
.47
.47
2,004
1,442
85, 070 125,285
.42
4,800
114, 789
.40
15,157
99,320
.38
.40
23,470 27,418
105,141
99, 562
8,580
10, 733
8,662
10.610
9, 061
21,196
8,740
11, 582
8,636
9,275
52, 418
92,945
8,093
7,492
405, 527 404,105
413, 078
404, 052
8.25
10.32
70, 372 71, 307
192, 780 190, 325
10.95
48,861
167,947
57, 261
57, 789 57,809 58,023
77, 767 77,718 69, 936 65, 416
.43
.42
.41
.43
.42
29,810 26,173 21,894
18, 533 14, 457 11, 620
109,
955 105, 431
108, 550 113, 983 114,127 113,702
60, 620
63, 924
55,151
79,128
8, 523
7,669
404,932
7.29
81,814
194,175
58, 572
76,110
8,785
8.019
8,578
10, 228
8,731
12, 634
14,840
9,160
16,906
.48
5,646
96, 090
9,632
18,768
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Consumption, factory
thous. of lb_.
Production
do
Stocks, end of quarter
do
Greases:
Consumption, factory.
do
Production
do
Stocks, end of quarter
_do
Lard compounds and substitutes:
Production
do...
Stocks, end of quarter
do
Fish oils:
Consumption, factory
_do.__
Production
do
Stocks, end of quarter
do...
176,605
384,461
391,123
208, 694
396, 857
384, 249
245,453
375, 493
358,645
46,813
71,680
68, 243
46, 611
75, 208
69, 354
53, 265
82,139
64, 321
,
463,972
402,244
58, 413
89, 332
60, 731
333, 200
36, 797
349,861
39,156
438, 606
40, 619
432, 209
44,930
65,874
45, 364
205,121
67, 334
12,006
| 147,700
77,074
82, 201
155, 492
123,684
210,150
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory (quarterly)
thous. of lbExports
_
_ do.__
Imports
do—
Production (quarterly)
do
Stocks, end of quarter:
Crude
do
Refined
do
360
130, 545
181
77, C
854,835
648
478
82,003 107,837
707, 370
743,420
593,446
557
87,928
245
75, 455
400, 555
628,160
492,852
490
84,853
405
77, 886
718, 747
362
62,429
484, 565
551, 613
288, 572
394
i9, 228
83,079
1,114,164
190
86,164
962, 462
575, 893
486, 208
290
82, 753
40
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1936 Supplement to the Survey
ary
April 1937
1936
™ -
March
April
May
June
1937
July
Decem- January
August SeptemOctober November
ber
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable Oils and Products—Continued
Copra:
Consumption, factory (quarterly)
short tons.
Imports—
_
-do—
Stocks, end of quarter
_
do...
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
__thous. of lb.
Refined (quarterly)
do
In oleomargarinedo—
Imports
do...
Production (quarterly):
Crude
do...
Refined
do...
Stocks, end of quarter:
Crude
..do.._
Refined
do...
Cottonseed:
Consumption (crush)
short tons.
Receipts at mills
do—
Stocks at mills, end of mo
do—
Cottonseed cake and meal:
Exports
-do—
Production..
do
Stocks at mills, end of mo
do
Cottonseed oil, crude:
Production
thous. of lb_.
Stocks, end of month
do—
Cottonseed oil, refined:
Consumption, factory (quarterly)
do
In oleomargarine
do—
Price, summer, yellow, prime (N. Y.)
dol. per lb_
Production.
thous. of lb.
Stocks, end of month
do
Flaxseed:
Imports
thous. of bu_.
Minneapolis and Duluth:
Receipts
_
do—
Shipments
do—
Stocks, end of month__
do
Oil mills (quarterly):
Consumption
do—
Stocks, end of quarter—
do...
Price, wholesale, No. 1 (Mpls.)--dol. per bu.
Production (crop est.)
thous. of bu.
Stocks, Argentina, end of mo..
do—
Linseed cake and meal:
Exports
thous. of lb.
Shipments from Minneapolis
do_._
Linseed oil:
Consumption, factory (quarterly)
thous. of lb_
Price, wholesale (N. Y.)
dol. per lb.
Production (quarterly)
thous. of lb_
Shipments from Minneapolis
do
Stocks at factory, end of quarter
do._.
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb.
Price, standard, uncolored (Chicago)
dol. per lb.
Production
thous. of lb.
Vegetable shortenings:
Price, tierces (Chicago)
dol. per lb.
41, 966
24, 511
6,587
21,463
27,108
37,972
56,394
14,976
31,902
137,153
99, 594
13, 289
22, 532
16,971
11,908
12,334
40,336
9,979
32,569
56,449
11, 636
16,896
140, 350
84,904
9,736
14,820
17,416
14,789
9,554
33,835
11,749
14, 273
49,164
24,933
14,865
169,416
93, 648
13,964
15, 689
22,185
5,085
13,619
23, 500
10, 271
32,712
41, 739
4,540
10, 671
8,900
143, 565
676
10,916 1 5,713
29,186 ! 39,345
69,894
87,262
72,049
83,629
129,894
16,074
417, 753
102, 577
570, 210
129,419 —
17,973 j
347, 353 254, 253 132, 464
83, 786 81, 752 31, 044
371,805 199,304 97,884
71, 082
25, 322
52,124
40, 283
24, 208
36, 049
77,121
59, 551
15,458
14, 241
36, 455 102,451 592,820 748,126 686, 254 656,240 I 582,373
22, 332 252,834 1,258,890 1,178,322 791,036 535,511
209,533
21, 926 168,145 838,379 1,274,173 1,377,955 1,258,226 1 885,386
321
191,874
198,768
2,567
74
781
38
161,375 115,476 62, 530 36, 509
321, 843 285, 387 202, 421 164, 459
38
20, 271
117, 004
115
18, 506
65, 053
506
46, 774
45,561
549
264,173
126,014
827
160
310, 738 296,173
209, 660 214,731
488
251, 586
224, 460
129,311
128,164
106, 566 81,642 i 43,028
127,147 113,951 | 85,656
14,170
37, 251
263, 502
6,649
11, 057
19,192
29, 787
26, 547
176, 256 222, 294 203, 416 195, 763
92, 667 121,398 143,182 142, 021
175,942
146, 396
12,911
.110
141,777
529,781
3,727
178
1
2.23
.099
~5~693"
53,142
73,900
999
331,248
190,068
332, 216
241,169
333, 099
9,081
8,347
7,361
7,612
7,608
10, 042 10, 373 12, €
13, 752
8,178
.097
.101
.102
.094 i .094
.091
.100
.099
.110 \
.114
112,411 86,269 j 65,185
40, 443 29, 637 22, 725 92, 306 179, 721 183, 558 168,381 | 167, 362
41,196
488, 951 504,337 '• 487,994460, 213 408, 944 318,873 237,220 228, 764 307, 369 385, 250 418,087 i 460,448
10,700
1,414
1,496 !
119
1,640
224
131
1,246
1.84
1,037 i
172
95
791
7,094 _
2,434 i
1.76 i 1.72
5,315 ;
~6,~299"
40,766
7,256
24, 348
62, 698
63,004
95, 678
36,225
15, 244
1,244
747
117
671
1,813
1,747
2,707
270
160
535
542
181
255
291
285
1,539
665
336
318
783
703
3,466
742
746
264
709
5,168
2,222
1.77
2.06
2.15
4,817
2,083
2.14
2.13
2.16
5,906
~~6~299
~5,~906"
5,512 I 3,937
"27756"
4,331
~6~496
25, 794
15,104
20, 469
12, 891
24,140
11, 365
40, 403
12, 229
56,569 I
10,068 I
35, 468
9,163
1.C
6,299 I 6,1
42,379
21,748
33, 233
23,715
27,117
15,649
65,574 L .
_|
84,129
.098 (
.095 I .094
.095 .100
132,137 !
j
I 100,119
"Y, 853" 10,200 I 9,372 I 13,808 | 12,932
"7," 273"
187,466 '
!
! 140,666
.100
28,169
37,851 S 32,368
.150
30, 638
.145
38, 835
.135
.118
32,464 . 26,941 j 22,549
.145 : .143
33,794 i 32,302
.117
.130 i .125
25,580 ! 25,834
.103
5,106
32, 581
3,205
79, 705
.101
91, 098
3,538
98,411
37, 625
11,313
.093
1,489 I
484 \
310
470 j
6,931 L
2,864 I.
2.21 I
*>5,908 I.
78,114 j .
I
131,899
4, 784
117,268
3,686
1,139
368
11
501
2.29
.101
5, 319
26, 796
31,805
34,426
35,144
34,365
38,806 i
34,025
.125
27, 695
.134
30,351
.138
33,711
.140
35, 586
.140
34, 209
.142
38, 773
.150
30, 956
.117
.109
.107
.117
.124
.125
.120
.120
.130
36, 209
25,199
11,021
14,178
11,010
40, 950
28,026
10,746
17, 280
12,924
38,736
26, 587
10, 795
15,792
12,149
33,919
23, 393
10.287
13,106
10, 526
33, 380
22. 338
9,095
13, 243
11.041
33, 450
22, 338
9,564
12,774
11,112
34, 049
23,192
10, 628
12, 564
10, 857
28, 503
20. 037
10, 018
10,019
8,466
29,465
19,759
10,223
9,536
9,705
PAINTS
Paint, varnish, lacquer, and fillers:
Total sales of manufacturers.. thous. of d e - 29, 749 20,181
20, 257 14,363
classified
do...
7,162
9. 518
Industrial
do...
7.201
10, 739
Trade
do...
5,818
9,492
Unclassified
do...
Plastic, cold-water paints, and calcimines:
Sales of manufacturers:
Calcimines
dollars. 302, 414 199 183
31. 768 27 734
Plastic paints
do...
Cold-water paints
d o . . . 135, 676 76 971
29,912
20, 728
9,282
11,446
9,185
293 756
44 520
134 803
I
348,953 i 361, 356 306, 656 261,462 297,878 292,071 279,193
49. 389 50,267 I 47,268
47,407 I 51, 758 54,817
41,672
147,160 j 175, 088 158,285 I 139,565 133,825 149, 333 138,903
;
I
i
!
30, 202
20, 726
9,080
11,646
9,476
222, 965 251,068 I 295,405
35,902 33,895 I 32,091
95, 783 98,048 I 119,937
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Production
___thous. of lb.
Shipments
do...
Cellulose-acetate, sheets, rods, and tubes:
Production
thous. of lb.
Shiprnents
_
do.-_
ROOFING
Dry roofing felt:
Production
short tons.
Stocks, end of month
do...
Prepared roofing shipments:
Total
thous. of squares.
Grit roll
do...
Shingles (all types)
do...
Smooth roll.
do...
b
December 1 estimate.
1, 976
1,687
1,270
1,397
27,031
6,228
3, 589
774
785
2, 030
1,224 i 1.388
1,322
1,239
1,319
1,148
1,221
597 !
785
546
939
1,097
19,313 : 22,528
7,902 I 7,999
23, 713
7,086
2,451
566
681
1,205
2,744
634
887
1,223
3,139
660
565
1,914
1,345
1,288
1,154
1,206
1,225
1,198
1,463
1,501
1,787
1,532
1,806
1,648
1,594
1,420
1,398
1, 479
1,715
1, 561
921
1,061
850
1,002
746
1,162
1,468
1,204
1,027
1.462
1,316
1,438
1,313
1,255
1,112
853
742
21,833
9, 550
23, 083
7,523
25, 907
5,853
25, 628
5,753
21,361
6,381
24, 547
9,546
2,994
783
908
1,303
4,306
1,181
1,119
2,005
3,899
998
1,140
1,760
2,592
633
626
1, 333
1, 462
327
3S5
750
2,386
516
549
1,321
22, 391 21, 956 20, 209
8,630 j 10, 479 10, 583
2,361 i 2,509
2,103
653 i 637
566
795
784
740
797
913 1,088
41
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
February
1936
February
March
April I May
June
July
1937
Optnbpr
UctoDer
August
N o v e m
b e r
-
Dbe ce er m - January
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total
mills, of kw.-hr..
By source:
Fuels
do
Water power
do
By type of producer:
Central stations..
do
Other producers
do
Sales to ultimate consumers, total (Edison
Electric Institute)
mills, of kw.-hr__
Domestic service—
do
Commercial—retail
do—
Commercial—wholesale
do
Municipal street lighting
do
Railroads, electrified steam
do
Railroads, street and interurban
do
Revenues from sales to ultimate consumers
(Edison Electric Institute)
thous. of doL.
9,781 r 10, 528
r
9,280
8,599
8,904
8,892
9,085
9,124
9,672
9,802
9,721
10,176
5,778
3, 502
5,681
2,918
5,114
3,790
4,878
4,014
5,163
3,923
5,853
3,271
6,529
3,143
6,737
3,065
6,694
3,026
6,774
3,401
6,419
3,362
r 6, 879
' 3, 649
r 6, 337
* 3,840
8,118
481
8,423
481
8,416
475
8,604
481
8,594
530
9.111
561
9,242
560
9,177
544
9,640
536
9,178
603
r 9, 910
618
r 9, 586
r
580
6,913
1,254
1,256
3,649
209
83
394
7,069
1,223
1,281
3,842
193
86
375
7,085
1,165
1,266
3,975
180
77
354
7,264
1,144
1,275
4,197
159
74
346
7,519
1,159
1,317
4,362
7,723
1,180
1,361
4,487
188
97
340
7,910
1,261
1,402
4,540
197
99
338
8,093
1,324
1,421
4,574
214
110
374
8,000
1,419
1,459
4,315
225
112
392
8,154
1,482
1,501
4,298
235
124
433
C TAO
GA r\1C
165,703
I 1164,015
164,007
167, 672 169,636
175, 597
179,972
183,066
187, 094
10,080
9,454
130
485
29, 531
18,941
1,032
9,412
10,106
9,484
125
485
27, 249
17, 279
636
9,156
10,119
9,499
126
484
25, 723
16,159
491
8,936
10,199
9,568
138
483
27,900
18,050
548
9,149
10,232
9,592
155
474
31,208
19,726
1, 598
9, 750
io, 2oe
9,551
165
481
33,410
18, 020
5,019
10,169
10, 224
9, 559
172
483
36, 669
18, 350
7, 537
10, 541
32,435
22,907
2, 710
6,676
34, 280
22, 933
4,199
7, 00G
1,340
1,324
3,514
219
96
435
171, 220 165,650
171
99
342
10,166
GAS
Manufactured gas:
Customers, total
thousands..
Domestic
do
House heating
do
Industrial and commercial
do
Sales to consumers.,
..mills, of cu. ft..
Domestic
do
House heating
do
Industrial and commercial
do
Revenue from sales to consumers
thous. of doL.
Domestic
do
House heating
do
Industrial and commercial.__
do
Natural gas:
Customers, total
thousands..
Domestic
.do
Industrial and commercial
do
Sales to consumers.
mills, of cu. ft..
Domestic
do
Industrial and commercial
do
Revenues from sales to consumers
thous. of dol..
Domestic
do
Industrial and commercial
do
9,972
9,346
135
481
36, 611
20,146
7,053
9,190
9,973
9,343
129
487
34,129
19,219
5,282
9,422
10, 011
9,378
18, 731
4, 223
9,827
10,098
9,465
136
485
31,334
18,866
2,805
9,493
34,653
23,322
4,612
6,571
32,887
22, 742
3,514
6,490
32,093
22,885
2,585
6,476
31,839
23,820
1,553
6,336
30, 699
23,693
773
6,127
28, 689
22,123
499
5,966
27,223
20,861
402
5,848
29,426
22,785
502
6,035
31,955
24, 254
1,190
6,380
6,004
6,033
6,027
5,560
5,532
5, 559
465
469
472
136,242 113,823 106,193
50,131
38, 942 31,859
84, 673 73, 442 72, 770
6,033
5,578
453
92,639
23, 658
67, 588
6,011
5, 581
429
85,014
16,854
67,137
6,010
5, 586
422
82, 696
13,735
68,121
6,037
5, 611
424
85, 330
12, 678
71,402
6,078
5,650
426
88, 437
13,375
73, 765
6,151
5,691
459
95, 699
18, 293
76, 323
39, 732
24, 667
14,846
29, 251
16, 429
12,635
24,812 |
12,703 I
11,980
22,904
10, 913
11,863
22,778
10, 353
12,265
23, 666
30,789
12,714
27, 481
13,483
13,856
5,938
5,771
8,122
4,985
5,183
8,082
48,116
30, 581
17, 296
132
488
33,018
35, 475
21, 034
14,219
6,238
6,257
5,744
5,757
491
498
113,170 126, 282
29,104
39, 254
82, 959 85, 572
9,769
9,131
161
408
32,470
17, 373
6,134
8, 750
31,967
21,834
3, 799
6,197
6,754
6, 236
514
129,312
47,159
80, 892
35, 364
19,314
15, 889
42.172
24, 784
17,179
47, 847
30,088
17,558
3,640
3,399
7,319
3,831
3,065
6,945
3,056
3, 657
7,407
5,229
5,823
5,200
6,931
9,724 11, 567 10. 009
4,279
5,952
8,202
4,288
4,643
9,643
8, 907
24,274 21, 720 19,763 23,698 27, 625 22, 973 25,188
19,063 20, 299 18, 868 22, 289
22, 693 19, 994 17,824
310,793 325,990 339,820 352,151 364, 023 373,330 387, 322
300, 653 315,936 328, 808 341, 264 352, 639 361, 318 374, 629
5,314
4, 528
21,109
19,174
402, 099
388, 416
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:
Consumption (tax-paid withdrawals)
thous. of bbl_.
3.140
Production
do
3, 537
Stocks, end of month
do
7, 660
Distilled spirits:
Consumption, total (tax-paid withdrawals)
thous. of proof gal.
0. 804
Whisky
._
....do,...
5,779
Production, total
do
14, 203
Whisky
do
12, 836
Stocks, total, end of month
do
408, 598
Whisky
do
394, 947
Rectified spirits:
Consumption (tax-paid withdrawals)
thous. of proof gal.
2,497
2, 685
2,932
6,802
3,738
4, 433
7, 333
6,173
5,687
19,804
18,838
242,830
233, 797
6,203
5,531
22, 691
21,612
258,221
248,946
2,028
2,335
3,887
4,970
8,208
5,041
5,418
8,409
6,177
5, 390
23, 251
21,917
273,798
264,389
5,666
4,760
23,373
22,158
290,739
281, 208
2,367 j
2,044
5,600
6,061
8,633
6, 670
6,791
8,525
1,937 i 2,159
1,936
2,783 j
4, 249
4,097
7, 722
4,074
4,858
5, 044
2,123
DAIRY PRODUCTS
Butter:
Consumption, apparent
thous. of lb.. 125, 872 '123, 204
Price, wholesale (N. Y.), (92-score)
.34
dol. per lb_.
.37
Production creamery (factory).thous. of lb._. 100, 969 •107, 778
Receipts, 5 markets
do
36, 236
41,211
Stocks, cold storage, creamery, end of month
thous. of lb_. 20, 657
8,217
Cheese:
53, 202
53,651
Consumption, apparent
do
4, 697
3,794
Imports
...do
.18
.17
Price, No. 1 Amer. (N. Y.)
dol. per lb_.
Production (factory)
thous. of lb_. 39,622 ' 38,618
27,174 ' 27, 060
American whole milk
do
11,545
Receipts, 5 markets
do
13, 339
93,117
79, 556
Stocks, cold storage, end of mo
do
80,713
American whole milk
do_68, 363
Re vised.
123t 524
131,896 | 162,006
132, 596
122,804
I 760 137, 441
131, 579 135,667 ; 139,245 131,
124, 930
.32
120,162
45,829
.31 !
.27
130,928 178, 028
48,379
56,537
.30
185. 223
69,435
.34
152, 001
54,676
.36
.35
139,363 131,862
44, 792 44,637
.34
.34
.33
135,140 113, 985 108, 703
47, 202 39,587
39, 310
.34
103, 900
37, 067
112,106
105, 368
61, 234
' 42, 734
56,953
3,092
5,881
6,229
.18
.18
46, 786 42, 629
33,150 29, 610
12, 524 11,311
114,706 110, 400
98, 975 95,418
55, 745
5,022
.18
41, 599
27, 425
11, 548
102, 112
r
88, 091
5,346
4,997
21,157
73,816
103, 259
57,436
5,693
.17
45,317
32, 409
15,164
73,952
62,261
62,127
4,217
.15
48,816
37, 089
13, 398
67,776
55, 756
70,165
3,152
.15
65, 339
52,395
14, 206
70, 783
56, 946
76,150
4,257
.17
83,132
67,101
21,191
85. 788
70', 282
60,370
5,463
.20
63,922
53, 032
18, 479
97, 403
80, 735
108,835
53,897 53,331
59,392
5,796
6,452
5,675
.20
.21
.19
57,693 55,389 57,738
44,451 43,3,07 44,965
12,098 13,386
15,981
107, 542 114,990 118,907
98, 206 102,847
90,471
88,866
42
SUEVEY OF CUEEENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
February
April 1937
1936
February
March
April
May
June
July
1937
August
September
October November
December
January
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS-Continued
Condensed and evaporated milk:
Production:
Condensed (sweetened):
Bulk goods._
thous. of lb._ 16,535
4,027
Case goods
do
Evaporated (unsweetened)
d o , . . . 123,441
Exports:
261
Condensed (sweetened)
do
2,010
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.) (case goods):
4.85
Condensed (sweetened)
dol. per case._
3.19
Evaporated (unsweetened)
do
Stocks, manufacturers, end of month:
Condensed (sweetened):
4,821
Bulk goods
thous. of lb__
4,958
Case goods.—
--do
Evaporated (unsweetened), case goods
thous. of lb__ 176,912
Fluid milk:
5,385
Consumption in oleomargarine
do
Production (Minneapolis and St. Paul)
thous. of lb._
Receipts:
Boston (incl. cream)
thous. of qt_.
Greater New York
do
Powdered milk:
282
Exports
.thous. of lb._
19, 933
Production!
-do
39,911
Stocks, mfrs., end of mo
do
'18, 028
'4,290
113,321
18, 773
4,555
144, 222
17, 310
4,830
181,552
23,333
5,531
248,258
29,364
4,173
266,199
25,058
4,281
211, 299
14, 280
4,994
183,428
17,881
4,567
185,780
14,925
3,380
188,840
11,326
3,538
127,881
12,586
4,198
113,502
17,414
4,827
116,230
257
2,719
229
2,463
246
1,765
262
2,138
465
86
1,828
60
2,118
204
2,904
93
1,633
128
189
174
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.28
4.85
3.40
4.85
3.40
4.85
3.40
4.85
3.40
4.85
3.30
4.85
3.30
2,329
3,659
2,741
2,963
4,588
3,741
9,374
8,252
14, 664
11, 275
13, 654
11,188
12, 250
11,116
12,363
12,109
11,233
11,689
7,787
10,190
5,670
9,071
5,685
7,124
45,375
42, 597
61,775
141, 774
186,359
102,021
160, 709
251, 751
278,511
258,904
208, 911
7,555
6,622
6,529
5,029
5,521
5,258
5,847
6,357
6,732
6,351
7,189
5,772
30,919
35, 548
36,039
41,673
42,051
32,183
28,098
26,245
27,235
25, 447
28, 609
31,743
15, 308
104,459
15, 266
114, 536
15,694
110,640
17,387
120,137
16,550
114,657
18,142
117,126
17,781
115,060
16,149
113,031
17,066
114,971
17,141
111, 544
16, 016
113,935
16,128
115,606
236
16, 761
8,485
268
20, 383
9,435
286
23,445
11, 225
352
32, 280
21, 252
428
34,150
32,007
383
27, 242
29, 264
312
23,906
24,809
291
21,872
26,835
327
24,945
30,612
322
20, 679
33,270
216
23,417
35,171
4,492
6,283
5,414
4,563
2,281
1,373
1,024
7,629
15, 692
7,438
108,031
5,157
4,726
4,059
15, 449
2,869
5,976
13, 516
2,625
3,769
15,016
1,838
1,783
14,628
3,645
13,539
3,858
11,050
3,614
9,522
1,018
6,536
1,479
2,480
7,417
3,363
8,482
8,975
3,582
8,629
14, 649
2,055
7,452
16, 548
1,901
'5, 787
18,261
2,540
2.456
1.863
1.795
2.006
2.050
" 14," 425" *l2~37f
16, 724
22, 458
14, 305
2.505
329,997
14,859
" 17." 122
1,690
r
216
23,150
38, 998
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu-_
Shipments, car-lot
no. of carloads-.
Stocks, cold storage, end of month
thous. of b b L .
Citrus fruit, car-lot shipments .no. of carloads..
Onions, car-lot shipments
do
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 lb_.
Production (crop estimate)
thous. of bu__
Shipments, car-lot—
no. of carloads..
2.744
1.700
1.820
2.406
2.519
3.665
17, 501
19, 560
24, 388
18, 718
17,114
18,598
1,781
1,683
2,156
1,842
2,530
2,733
2,087
3,442
4,844
3,036
1,573
1,806
144
359
573
323
806
704
533
1,614
1,006
461
198
19
8
1.32
1.37
.66
.71
.68
.71
.64
.67
.64
.70
.87
.92
1.22
1.24
1.30
1.28
1.29
1.32
1.27
1.28
1.32
1.33
3,179
b
2.881
GRAIN AND PRODUCTS
Exports, principal grains, including flour and
meal
thous. of bu._
Barley:
Exports, including malt
____do
Price, wholesale, No. 2 (Mpls.):
Straight
dol. per bu_.
Malting....
do
Production (crop estimate)
thous. of bu._
Receipts, principal markets
do
Stocks, commercial, domestic, end of mo.
thous. of bu._
Corn:
Exports, including meal
..do
Grindings
do
Prices, wholesale:
No. 3, yellow (Kansas City) .dol. per bu._
No. 3, white (Chicago)
do
Production (crop estimate)
thous. of bu_.
Receipts, principal markets
do
Shipments, principal markets
do
Stocks, commercial, domestic, end of mo.
thous. of bu_.
Oats:
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu__
Production (crop estimate)
thous. of bu__
Receipts, principal markets
do
Stocks, commercial, domestic, end of mo.
thous. of b u . .
Rice:
Exports.
....pockets (1001b.)..
Imports
do
Price, wholesale, head, clean (New Orleans)
dol. per lb_.
Production (crop estimate)
thous. of bu._
Southern States (La., Tex., Ark., and
Tenn.):
Receipts, rough, at mills
thous. of bbl. (1621b.)Shipments from mills, milled rice
thous. of pockets (100 lb.)_.
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
thous. of pockets (100 lb.)_.
California:
Receipts, domestic rough-..bags (100 lb.)__
Shipments from mills, milled rice
do.
Stocks, rough and cleaned, end of mo.
bags (100 lb.)__
3,299
3,826
7,845
"~5,~966"
5,565
5,893
5,992
16, 583
9,683
9,584
5,625
1.29
1.32
447,452
4,741
13, 703
15,281
14,407
12,913
11,822
10, 571
9,850
15,343
17, 732
20,012
20, 541
18, 848
14,990
37
5,760
52
6,113
70
34
6,209
109
6,242
219
5,386
106
6,502
82
7,C
30
6,778
64
5,615
21
5,525
41
5,786
42
5,497
1.20
1.13
.67
.62
.58
.63
.64
.62
.67
.62
.71
.94
1.01
1.15
1.24
1.12
1.27
1.12
1.10
1.14
1.07
9,567
4,692
13,640
18,003
7,750
17, 497
8,508
16, 227
11, 320
24,215
15,194
17, 614
11,926
15, 569
7,711
9,213
4,375
4,058
7,650
6,158
6,985
4,316
4,537
4,325
4,277
8,185
13,454
62
81
425
75
65
65
64
.28
.27
.28
.42
.46
.54
4,120
13, 901
78
.51
7,494
5,117
80
.28
.44
.44
1.19
1.14
13,162
5,652
15,080
"I'bbY
3,569
2,517
.50
6
789,100
3,753
50,973
48, 639
42,571
37,392
31,066
17, 534
1,325
121, 670 120,830
52,121
79,586
54,199
181, 638
103,852
207, 204
.042
.039
.039
.038
46, 833
.038
304
1,375
2,289
1,761
736
1,799
331
754
1,213
1,110
980
1,327
""§,"448"
.30
4,450
"~8,~768"
4,991
5,866
6,200
25,807
40, 770
39, 018
35,500
31, 043
31,059
38,864
51,861
130,507
123,495
29,792
73, 986
79,589
4,241
60,932
9,823
76,870
713
97,490
890
62, 339
6,124
104,099
.038
.039
.039
.040
.042
.043
.043
.043
973
483
232
161
129
60
20
1,109
1,070
979
529
318
287
" 16," 863" "l5,~205"
3,139
2,554
1,855
1,244
609
342
321
962
2,116
2,839
2,654
3,178
317,467
265, 629
109,361
119,841
114,889
107, 869
156,616
165, 514
163,295
149, 044
173,958
154,060
120, 853
152,324
184,418
71,676
259,027
134,336
513,655
77,742
379,028
34,985
90,451
47,150
416, 756
98,382
197,638
524.624
464,606
337,829
241, 249
227, 258
120, 524
147,979
151,619
?78,038
676, 647
190, 290
714,982
* December 1 estimate. ' Revised.
t Revised series. For revision on powdered milk for 1935 see p . 90 of the 1936 Supplement.
.37
1.15 j
1.09
'1,524,317
17, 559
18,200
5,268
5,855
43
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1937
February
February
March
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
FOODSTUFFS AND TOBACCO—Continued
GKAIN AND PRODUCTS-Continued
Rye:
Exports, including
flour
thous. of bu_.
0
Price, wholesale, No. 2 (Mpls.)_dol. per bu_.
1.11
Production (crop estimate)
thous. of bu_.
Receipts, principal markets
do
334
Stocks, commercial, domestic, end of mo.
Wheat:
thous. of bu..
Exports:
Wheat, including
flour
do
1,522
Wheat only___
do
38
Prices, wholesale:
No. 1, dark, northern, spring (Mpls.)
dol. per bu.
1.59
No. 2, red, winter (St. Louis)
do___.
1.43
No. 2, hard, winter (K. C.)
do...
1.37
Weighted av., 6 markets, all grades__do
1.39
Production (crop est.), total.__thous. of bu..
Spring wheat
do
Winter wheat
do
Receipts, principal markets
do
6,116
Shipments, principal markets..
do
Stocks, end of month, world estimated
thous. of bu..
Canada (Canadian wheat)
do
68,010
United States (domestic wheat)
do
43, 709
Held by mills (end of quarter)
Wheat
flour:
thous. of bu..
Consumption (computed by Russell's)
thous. of bbl_.
316
Exports..
_
do
Grindings of wheat.
thous. of bu_. 34,630
Prices, wholesale:
7.45
Standard Patents (Mpls.)...dol. per bbl_.
6.08
Winter, straights (K. C.)
do....
Production:
7,536
Flour, actual (Census).
thous. of bbL.
8,038
Flour, prorated, total (Russell's)
do
Offal (Census)
...thous. of lb_. 628, 005
53
Operations, percent of capacity (Census)
Stocks, total, end of month (computed by
Russell's)
thous. of bbL.
Held by mills (end of quarter)
do
LIVESTOCK
Cattle and calves:
Receipts
thous. of animals..
1,342
Disposition:
Local slaughterdo
916
Shipments, total
do
419
Stocker and feeder.
do
121
Price, wholesale, cattle, cornfed (Chicago)
dol. per 1001b. .
13.24
Hogs:
Receipts
thous. of animals..
2,084
Disposition:
Local slaughter.do
1,443
Shipments, total.
do
638
Stocker and feeder
do
28
Price, wholesale, heavy (Chicago)
H
dol. per 1001b..
10.18
Sheep and lambs:
Receipts
thous. of animals..
1, 591
Disposition:
Local slaughter
_
do
933
Shipments, total
do
661
Stocker and feeder
.do
78
Prices, wholesale (Chicago):
Ewes...
_
dol. per 100 lb_.
5.77
10.06
Lambs
do
M E A T S
Total meats:
Consumption, apparent
mills, of lb_.
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Miscellaneous meats
do
Beef and veal:
Consumption, apparent
thous. of lb_.
Exports
do
Price- wholesale, beef, fresh, native steers
(Chicago)
dol. per lb_Production (inspected slaughter)
thous. oflb..
Stocks, cold storage, end of mo
do
Lamb and mutton:
Consumption, apparent
do
Production (inspected slaughter)
do
Stocks, cold storage, end of month..do
Pork (including lard):
Consumption, apparent
do
Exports, total
do-...
Lard
do
Prices, wholesale:
Hams,smoked (Chicago)
dol. per lb_.
Lard, in tierces:
Prime, contract (N. Y.)
do
Refined (Chicago)
do....
Production (inspected slaughter), total
thous. oflb..
Lard
do
Stocks, cold storage, end of month __do
Fresh and cured
do
Lard...
do
h
903
1.278
125
0
.75
0
.83
763
1,324
970
2,297
"17422"
1,630
1,540
0
.87
1,658
1,375
1,735
1
1.10
25, 554
1,084
7,642
7,555
7,009
6,869
6,730
6,080
6,674
6,515
6,209
5,983
5,008
4,476
1,192
28
1,425
1,423
16
1,534
34
1,382
26
1,389
26
1,657
222
2,415
487
2,436
926
1,288
21
1,681
50
1,576
33
1.31
1.09
1.10
1.07
1.24
1.08
1.06
.98
1.23
1.07
1.02
.95
1.14
1.02
.95
.90
1.24
.95
1.36
1.06
1.11
1.10
1.47
1.17
1.22
1.27
1.46
1.19
1.22
1.25
1.48
1.21
1.22
1.29
1.66
1.40
1.38
1.44
5,474
6,782
9,788
9,289
7,417
7,745
11,103
12,970
14,819
12,363
84,222
27,210
29,495
18,214
10,621
10,658
15,237
13,978
1.59
1.35
1.34
1.39
6626,461
«>107,448
>519,013
10,712
10,389
10,945
11, 601
7,766
8,676
427, 650
199, 570
59, 926
380,190
191,367
51,945
335, 340
177,460
284, 970
145,011
31,174
244,020
124,110
23,161
275,131
96, 652
67,305
293,970 315,760
100, 704 126,378
81,048 82,849
305, 590
117,412
76,423
312, 480
82, 625
63,453
336, 500
74, 737
52, 251
0
.57
0
.52
0
.50
0
.52
.58
62, 642
86,097
0
.85
1
.92
1.44
1.23
1.22
1.28
292,870
93,924
70,314
153,521
0
1.13
715
135,189
9,022
248
38,987
9,035
297
38, 273
8,090
299
36,453
8,009
319
35, 328
7,694
289
36, 637
10,064
290
43, 660
11, 250
305
42,087
8,198
410
40,055
321
41, 770
269
36,844
37,832
328
37, 586
5.56
6.92
5.42
6.45
5.24
6.07
4.80
6.28
4.73
6.78
5.23
7.21
5.64
6.96
5.67
7.06
5.57
6.84
5.49
7.26
5.94
7.54
6.16
8,401
9,070
709, 574
56
8,252
8,975
694, 897
51
7,840
8,235
665, 223
7,569
8,149
650,921
48
7,845
8,300
675,914
48
9,416
10, 244
793,510
58
9,148
11,652
758,322
56
8,708
9,120
9,182
9,831
723,978 749,121
56
54
8,019
8,829
666, 240
53
8,216
8,333
687, 727
51
8,180
8,246
681, 276
53
5,200
4,950
4,068
5,100
4,950
5,600
4,255
5,500
5,600
1,416
1,625
1,673
1,522
1,764
942
462
116
1,046
556
190
1,094
573
195
1,002
511
163
1,137
610
167
10.61
10.31
9.21
8.61
1,817
2,045
1,875
1,188
628
26
1,372
666
33
1,322
550
38
10.33
10.10
1,632
1,701
949
690
59
1,023
666
66
4.34
9.97
844
847
6,500
4,677
4,686
2,216
2,264
2,439
2,176
1,811
1,691
1,179
697
240
1,322
848
319
1,339
928
380
1,368
1,060
1,246
893
449
1,145
695
277
1,107
560
184
8.51
8.70
9|00
9.52
1,759
1,864
1,915
1,747
1,939
1,276
482
32
1,348
512
36
1,347
562
57
1,166
572
91
1,263
673
94
10.55
9.48
10.05
10.11
10.82
10.25
1,798
1,944
4,859
2,022
2,287
2,766
990
800
112
1,063
183
961
873
108
1,006
1,014
152
1,126
1,597
4.62
9.66
4.81
10.75
4.56
10.97
(•)
10.38
(e)
9,06
1,011
1,271
343
3.31
8.86
942
937
675
67
961
960
669
61
957
949
650
57
'1,033
1,033
641
57
1,040
1,066
665
62
••426, 636 439,651
1,218
787
485,136
1,032
474,901
1,426
502, 018 • 523,522
1,110
1,302
1
516
11. OS
12.05
12.91
3,149
3,145
2,500
2,234
900
41
2,216
934
40
1,785
712
29
10.00
9.67
10.25
10.38
2,871
2,149
1,761
2,063
1,191
1,723
721
1,071
1,083
367
1,082
692
110
1,200
852
115
8.36
8.91
3.49
8.50
3.67
8.40
3.83
8.47
5.52
9.94
1,001
997
671
73
1,075
1,029
625
75
1,195
1,210
638
77
1,059
1,242
828
95
1,047
1,337
1,149
132
'1,008
1,109
1,245
132
528,398
1,790
558,678
1,483
580,904
1,536
466,194
1,021
9.91
2,613
1,782
830
62
.149
.134
.133
.138
.143
.146
.150
.163
482,171 r 483,312
879
.168
.182
384,817
167, 061
402.142
86,928
425,199
79,509
459,149
65,011
453,127
51,134
485,518
41, 222
518,400
42,914
542,249
64,255
571,787
82,806
595,095
104,961
510,943
152, 769
521,965 469, 582
193, 760 r 180, 916
54, 846
54,162
9,825
r 55, 018
54,829
2,563
58,477
58,285
2,334
52,394
51,871
1,785
r 47,205
r 46, 720
1,282
' 48,108
47,971
1,122
r 49,448
49>833
1,478
50,815
52,001
2,634
60,116
60,894
3,374
65,068
67,654
5,930
58,904
61,443
8,450
• 362, 606 443,486
11,268
16,403
7,514
11,461
423,876
14,118
435,020
18,495
10,837
• 482,772
18,880
11,090
467,498
16,811
7,481
422,125
12,224
6,045
455,960
12,083
7,856
401,551
1,071
.183
406,141
9,161
4,456
.171
549,324 534,078
14, 784 16,484
10,454
9,563
62, 692
64, 553
10, 228
r 69,300
69, 570
' 10,491
502, 456 ' 455,098
13, 618
12.377
9,384
.227
.243
.235
.239
.238
.240
.252
.256
.246
.225
.223
.226
.225
.126
.131
.112
.118
.111
.118
.113
.120
.104
.113
.103
.113
.110
.119
.122
.129
.118
.126
.117
.125
.119
.126
.135
.139
.139
1.44
464,299
72,324
976, 357
773,897
202, 460
390,346
66,464
530.143
451,418
78, 725
453,787
75,518
526,963
450,149
76,814
449,029
77,024
541,017
457,402
83, 615
449,173
80,534
540, 274
440,618
90,656
499,066
87, 288
541, 904
435,130
106,774
497,956 403,198 396,371
82,952 64,362 59,627
558,987 531,409 463,404
441,961 420,848 381,608
117,026 110,561 101,796
546,907
80, 568
449,698
354,950
94, 748
669,115
103,020
572,165
463, 400
108,765
750,815
118,420
812, 700
666,891
145,809
570,173
90,443
921, 231
738, 522
182, 709
December 1 estimate.
1
No quotation.
' Revised.
44
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data'may be found in the
1936 Supplement to the Survey
1937
February
April 1937
1936
February
March
April
May
i June
July
1937
DecemOctober NovemAugust September
ber
ber
January
FOODSTUFFS AND TOBACCO—Continued
POULTRY AND EGGS
Eggs:
Receipts, 5 markets
tbous. of cases..
Stocks, cold storage, end of month:
Case
...thous. of cases..
Frozen
thous. of lb__ 34,
Poultry:
17,
Receipts, 5 markets
do
157,
Stocks, cold storage, end of mo
do
TROPICAL PRODUCTS
Cocoa:
Imports
long tons..
Price, spot, Accra (N. Y.)
dol. per lb__
Exports from the Gold Coast and Nigeria,
Africa
long tons..
Coffee:
Clearances from Brazil, totaLthous. of bags...
To United States
do
Imports into United States
do
Price, wholesale, Rio No. 7 (N. Y.)
dol. per lb__
Receipts at ports, Brazil
thous. of bags__
Stocks, world total, incl. interior of Brazil,
end of month
thous. of bags..
Visible supply, total, excl. interior of Brazil
thous. of bags..
United States
._.
do
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 lb_.
Receipts:
From Hawaii and Puerto Rico
long tons..
Imports
do
Stocks at refineries, end of month..do
Refined sugar (United States):
Exports, including maple
long tons..
Price, retail, trran. (N. Y.)
dol. per lb._
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii & Puerto Rico. Jong tons.
Imports:
From Cuba
do
From Philippine Islands
do
Shipments, 2 ports
do
Stocks, end of month, 2 ports
do
Tea:
Imports
thous. of lb_.
Price, wholesale, Formosa, fine (N. Y.)
dol. per lb._
Stocks in the United Kingdom..thous. of lb._
811
1,798
2,022
2,088
1,727
1,247
981
782
652
322
426
13
46,367
807
45,848
3,039
69,172
5,707
94,014
7,058
111,725
7,335
115,485
7,006
108, 614
5,817
96, 660
3,788
82, 029
318
932
15, 654
85, 792
15, 098
69,494
15,122
49, 324
18, 979
41, 926
22, 740
43,050
22, 683
49, 220
26, 400
65, 488
27,580
82,096
34,434
104, 981
26,500
32, 601
.0550
28, 549
.0536
31, 206
.0533
9,696
.0558
7,174
.0617
15,570
.0641
18,129
.0667
22, 816
.0750
23, 012
.0843
57, 266
59,819
40,114
17,025
11,063
14, 331
20, 795
20,158
17, 241
28,074 ( 38,263
948
523
1,563
1,360
854
1,575
1,201
692
1,450
1,094
549
1,138
1,150
511
879
437
940
1,097
£68
901
1,174
669
904
1,090
603
970
1,192
642
920
1,230
684
798
.093
1,166
1,496
.065
1,444
.063
1,027
1,009
.070
947
.078
1,115
.082
1,016
.081
1,238
.081
1,124
.085
1, 293
30, 650
29, 606
18, 918
C)
(0
, 993
969
7,846
1,010
8,116
1,056
8,128
995
8,10S
8,111
1,015
8,030
7,884
7, 754
953
7,905
862
7,815
690
1,336
1,108
1,991
2,092
1,886
1,566
1,375
1,209
1,009
844
741
313, 517
331,296
.036
.034
222, 734
220, 147
144, 017
315,164
228, 493
6,137
. 055
.049
1,895
.053
.052
15,021
14,213
17,924
15,919
16,445
11,016
2,189
16, 583
2, 966
28, 707
2,902
58,820
13, 203
42, 877
9,371
65, 722
11, 080
37, 988
14, 501
43, 725
19,816
41,628
4,602
37, 503
2,661
30, 251
5, 668
17, 615
2,108
21,539
2,393
9,370
5,915
6,776
5,449
5,996
6,312
9,036
924
419, 096 460, 316 326,152
.036
.037
.037
.036
197,386 176,391 171,070 158,756 146,418
279,852 325,379 274, 287 305, 937 268,453
240, 659 301,105 401,669 402,960 450,122
111,968
103,264
390,794
128,439
217,897
323,843
5,971
.055
.047
5,647
.054
.047
4,391
.053
.048
8,159 j
3,710
.053
.049
.037
3,981
.053
.049
3,545
.054
.049
5,172 j
.275
.275 !
.275 .275
232,000 I 218,900 208, 500 199,200
189, 496
24, 468
23,192
22,123
20,016
436, 976
39,029
494,790
45,129
31, 270
1,202
1,031
5,880
1,318
1,159
6,038
687
4,968
. 055
.047
4,896 I
.034
77, 297 72,999 i 23,122
149,391 187,887 ! r 178, 304
22. 564
.0954
40, 268
. 1134
28, 7&S
54,571 I
47,744
1,447 |
889 |
1,454 |
1, 286
687
1,370
.088 I
1,459 S
.089
1,437
(0 I (0
7,822 |
7C8 |
376 !
.038 |
.036
70, 839 76, 682 45,159
82, 527 102, 207 95, 833
273,200 215,500 123, 283
7,198
.054
.046
3,872
12, 735
1,121
1, 076
651 !
M69
51, 837
' 39,104
371, 268 307, 639 277,352 I 260,661 230, 213 215,168
.037
.275
244,200
.2*0
.038
406,144
482 j
1,755
66, 309
5,185
.052
.046
3, 696
.053
.047
1,110
4,498
7, 954
••851
489
230, 650
039
50, 015
1S9, 647
160, 119
4,507
.054
.049
8,104 j 19, 542
91
2,866
834
590
8,158
7,544
.275
.275.275
. 275 .275
186,200 | 194,500 200, 900 206,500 215,300 214, 800
.275
207, 633
9,727 ! 5,710
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers—thous. of dol__
Fish:
Landings, fresh fish, prin. ports.thous. of lb._
Salmon, canned, shipments
cases.Stocks, total, cold storage, 15th of month
thous. of lb._
Gelatin, edible:*
Monthly report for 7 companies:
Production
thous. of lb_.
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production
.thous. of lb._
Stocks
>
do
69, 654
TOBACCO
Leaf:
Exports
thous. of Re- 24,052
imports, unmnfrd., incl. scrap
do
6,057
Production (crop estimate)
do
Stocks, total, incl. imported types, end of
quarter
thous. of lb—
Flue-cured, fire-cured, and air-cured-do
Cigar types
do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions. _ 12, 328
Large cigars
thousands.. 362, 935
Manufactured tobacco and snuff
thous. of lb— 26, 444
Exports, cigarettes
thousands.. 499,483
Prices, wholesale:
5. 513
Cigarettes
dol. per 1,000..
Cigars
_
do
45.996
21,399
17, 703
42, 560 43,355
273, 242 514,664
13,877
4,553
1,391
1,143
6,286
1,296
1,280
6,301
24,235
5,883
18,485
4,120
11,869
411, 606
27,919
30,315
320, 394 351, 679
29, 254
428, 572
5.380
45.996
30,033
31,163
30, 328
41,131
66,100
1,270
1,243
6,328
1,228
6,080
477
1,163
5,393
20,477
5,815
763
1,114
5,042
5.380
45.996
20, 887
5,793
26,946
5,977
48,167
6,231
1,297
1, 175
5,397
1,417
982
5,275
5.380
45.996
5.380
45.996
5.380
45.996
1,386
1, 183
5, 599
5,368
66, 238
6,129
49, 453
4, 697
2,146,600
1,729,515
342, 766
14,009
452,312
5.380
45.996
1,078
1,280
4,840
25, 068
32, 776
24, 256
45, 597 352, 432
' 94, 695 87, 503
14, 698 •86.145 I 92,702
13, 430 14,342
14,801
482,448 445,976 489,293
29, 474 31, 326 26, 756 30,096
28,100
398, 683 366,128 380,153 452, 731 371,146
12,025
419,369
30, 567
3,701
7,317
2,175,266
1,717,132
371, 956
10,766
11,193
356, 624 377,167
5.380
45.996
17, 603
5, 656
8,853
2,421,162
1,949,418
374,720
5.380
45.996
12, 064
45, 563 44, 351 45, 390 42,812
45, 074
325, 882 565,701 1,195,502 1,747,920 596,139
26,102 ' 34, 256 ' 46, 230 • 62, 551 | ' 76.076
5,597
8,590
35,137
5,726
20, 638
41,463 !
4,162 i
l,167,06S !
6
35,921
5, 877
2,205,874 I
1,827,624
312,135
13, 204 11,557
551,114 489,180
32, 046 26,611
297, 358 361,836
5. 380
5.380
45. 996 45. 996
13, 246
371,231
13, 430
356, 996
26, 302
513,538
25, 759
463,017
5.380
45.996
5.435
45. 996
*b The quarterly report is complete for the industry; the new monthly data are for 7 companies, for data for period 1930-36, see table 8, p. 20 of the February 1937 issue.
Dec. 1 estimate.
e
Not available.
' Revised.
45
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1937
February
1937
1936
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
129
122
FUELS AND BYPRODUCTS
Anthracite:
COAL
Exports
_
thous. of long tons—
107
Prices, composite, chestnut:
Retail*
dol. per short ton..
Wholesale.
do
9.824
Productionf
thous. of short tons— " 3, 368
Shipments.
_
do
3,042
Stocks, end of month:
In producers' storage yards
do
1,299
In selected retail dealers' yards
number of days' supply—
Bituminous:
Industrial consumption, total
thous. of short tons.. 30,262
468
Beehive coke ovens
do
5,738
Byproduct coke ovens
do
302
Cement mills
do
145
Coal-gas retorts
do
3,323
Electric power utilities
do
7,728
Railways (class I ) . . .
do
1,218
Steel and rolling mills
do
11, 340
Other industrial
do
Other consumption:
106
Vessels (bunker)
thous. of long tons..
348
Coal mine fuel
.thous. of short tons._
392
Exports
thous. of long tons..
Prices:
Retail, composite, 38 cities
dol. per short ton..
Wholesale:
4.236
Mine run, composite
do
4.510
Prepared sizes, composite
do
Production!
thous. of short tons.. v 41,740
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons.. 46,785
38,785
Industrial, total
do
8,687
Byproduct coke ovens
do
357
Cement mills
do
267
Coal-gas retorts
do
8,047
Electric power utilities
___do
8,674
Railways (class I)
_do
1,603
Steel and rolling mills
do
11,150
Other industrial
do
8,000
Retail dealers, total
do
188
101
189
100
91
96
120
139
126
10.015
6,975
5,934
10.001
3,061
2,429
11.61
9.707
4,773
4,217
9.283
5,121
4,274
9.327
4,305
3,516
11 20
9.452
3,925
3,345
9.564
3,503
2,917
11.62
9.721
3,874
3,440
9.857
4,608
3,942
9.914
4,334
3,783
11 81
9.905
4,947
4,317
9.827
4,025
3,674
528
458
369
853
1,240
1,556
1,992
2,347
2,473
2,515
2,259
1,833
38
77
59
57
77
62
0)
0)
(0
0)
0)
0)
0)
0)
0)
0)
(0
0)
0)
0)
0)
0)
0)
0)
31,995
417
6,242
418
157
3,759
8,229
1,283
11,490
••31,409
435
6,262
-327
157
' 3,586
' 8,140
r 1,222
r 11, 280
128
'341
344
19
27, 670
242
4, 522
130
182
3, 195
8, 118
1, 181
10, 100
25,821
174
4,688
198
182
2,896
7,392
1,091
9,200
25, 217
140
4,993
341
164
2,711
6,841
1,157
8,870
24, 442
134
5,408
454
162
2,801
6,596
1,077
7,810
24,052
148
5,325
472
154
3,153
6,255
1,045
7,500
24,950
177
5,332
507
148
3,564
6,501
1,011
7,710
25,427
205
5,548
550
149
3,662
6,546
1,037
7,730
26,063
262
5,499
534
153
3,654
6,782
1,059
8,120
87
366
321
101
276
308
88
268
462
116
252
1,103
122
260
914
124
283
1,035
134
294
1,174
134
329
954
4.359
4.683
41,154
4.347
4.612
31, 527
4.303
4.340
30, 454
4.289
4.302
28, 684
4.289
4.303
29, 217
4.227
4.346
32, 005
4.217
4.428
33, 086
4.229
4.498
37,192
29. 542
23, 342
3, 845
258
380
5,637
4,774
858
7,590
6,200
28, 083
22,133
3,431
236
350
5,509
4,840
817
6, 950
5,950
26, 596
21,446
3,515
256
211
5,613
4,674
807
6,370
5,150
28,073
22, 573
4,064
251
228
5,645
4,521
874
6,990
5,500
28, 753
22,953
4,565
250
245
5,548
4,351
874
7,120
5,800
30,126
23, 726
5,302
236
275
5,473
4,254
916
7,270
6,400
32,071
25,171
5,982
257
267
5,744
4,304
947
7,670
6,900
• 34, 604
27,235
6, 562
241
283
5,933
4,963
973
8,280
7,340
8.57
8.13
1,201
1,222
132
371
494
4.224
4.557
43, 321
4.228
4.551
41,879
4.233
4.548
45,756
4.218
4.497
40, 940
43,499
35, 026
8,535
263
295
7,162
6,847
1,264
10, 660
8,473
«• 35, 390
8,031
'307
'274
' 7, 570
' 7,354
' 1,374
' 10,480
164
0)
151
0)
8.53
8.31
(l)
(i)
(!)
0)
(0
0)
0)
(0
0)
0)
0)
(1)
0)
0)
0)
(0
0)
0)
0)
0)
\ /
COKE
Exports.
thous. oflongtons..
Price, beehive, Connellsville (furnace)
dol. per short ton.Production:
Beehive
-thous. of short tons.
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
...do
At furnaces
_
do
At merchant plants
..do
Petroleum coke
do
PETROLEUM A N D PRODUCTS
Crude petroleum:
Consumption (run to stills) —-thous. of bbl_.
Imports
do
Price (Kansas-Oklahoma) at wells
dol. per bbl_.
Production
.thous. of bbl__
Refinery operations
pet. of capacity.Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbl__
Light crude..
do
East of California, total
do
Refineries
do
Tank farms and pipe lines
do
Wells completed
___number__
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plants
thous. of bbl—
Railways (class I)
do
Vessels (bunker).
do
Price, fuel oil (Oklahoma) ___dol. per bbl_.
Production:
Residual fuel oil
thous. of bbl—
Gas oil and dist. fuels
_
do
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbl—
Gas oil and dist. fuels..
do
Gasoline:
Consumption, domestic
thous. of bbl—
Exports
do
Price, wholesale:
Drums, delivered (New York)
dol. per gal—
Refinery (Oklahoma)
do
Price, service station, 50 cities
do
26
44
20
34
62
67
69
67
66
60
44
27
4.000
3.575
3. 575
3. 575
3.575
3.575
3.550
3.575
3.875
3.875
3.875
3.938
4.000
292
3,991
'154
3,141
108
-•110
3,257
105
' 91
3, 466
109
'86
3,753
113
93
3,695
122
111
3,718
120
128
3,866
121
164
3,831
123
237
4,071
117
240
4,048
111
261
4,348
109
272
4,358
102
1,307
446
861
1,274
614
660
334
1,444
632
812
360
1,586
567
1,020
367
1,695
581
1,114
382
1,702
597
1,104
382
1,816
651
1,165
399
1,986
670
1,316
409
2,034
650
1,383
423
1,886
578
1,308
408
1,806
519
1,287
400
1,684
487
1,197
389
1,533
464
1, 069
384
81, 523
2,758
85, 286
2,183
84, 545
2,865
90, 637
2,661
89, 003
2,872
91,709
2,591
93,444
2,871
90,872
2,629
93,146
2,956
89,142
2,662
93, 051
3,001
94,179
945
1.040
82,120
76
1.040
90, 568
75
1.040
90,479
76
1.040
93, 739
79
1.040
90,185
80
1.040
92,078
80
1.040
95,090
81
1.040
90,972
80
1.040
95, 795
80
1.040
91,018
79
1.040
97, 652
80
1.125
98, 567
80
63, 536
40, 275
263, 436
47, 686
215, 750
' 1, 018
63, 341
39, 856
266, 092
51, 741
214, 351
r
1, 309
63, 729
39,338
268, 560
53, 053
215, 507
r 1, 580
63, 792
38, 878
268,650
53,989
214, 661
r 1, 522
63, 717
37, 856
265, 554
53, 628
211, 926
r
1,612
64, 382
36, 781
262, 013
53, 221
208, 792
* 1, 718
64,825
35, 476
258,685
51, 691
206, 994
r
1, 521
64, 564
34,123
253,969
50, 469
203, 500
' 1, 583
64, 745
33,901
250, 724
49,604
201,120
r 1, 708
64,836
33,815
247,452
48, 503
198,949
r
1, 545
65,481
34,189
246,409
49,823
196, 586
' 1, 448
64, 884
33, 535
245,168
« 39, 008
o206,160
1,580
1,124
3,795
2, 690
.800
975
3,878
3,005
.800
995
3,810
2,643
.800
1,014
3,864
3,184
.800
1,156
3,811
3,193
.785
1,228
4,006
2,992
.763
1,313
3,919
2,897
.750
1,256
4,058
3,248
.750
1,260
4,627
2,724
.750
1,343
4,522
1,868
.765
23, 751
11,125
23, 667
10,262
23, 062
9,553
23,925
10,169
22, 499
9,567
23,144
10,323
23, 287
10,627
23,154
10, 095
25, 285
10, 266
18, 027
15,322
17, 529
15, 746
16,996
17,031
18,293
19,910
18,506
22,475
19, 525
24,814
20,379
27, 645
20,182
27,871
2,356
27, 216
1,435
35,871
1,404
38, 825
2,140
42,007
2,368
44, 630
1,755
46,638
2,167
46,081
2,029
.130
.058
.165
.061
.142
.165
.060
.139
.165
.060
.143
.165
.060
.143
.165
.060
.143
.155
.060
.142
.150
.059
.142
606
1.160
1,342
2,829
.844
r
1,374
4,846
2,375
.775
'1,772
5,077
2,540
.775
23, 671
11,201
25, 670
11,875
25,453
13, 319
20, 536
27,659
20,255
26,414
18,718
22, 719
18,392
19, 088
44,346
2,216
44, 253
1,902
39,919
2,212
39,393
1,768
33,696
2,505
.150
.055
.141
.150
.056
.140
.150
.057
.140
.150
.058
.141
.142
.057
3
D a t a will b e s h o w n w h e n available.
' Revised.
» Preliminary.
*]\Tew series. D a t a for period 1929-36 a r e s h o w n i n table 10, p . 20 of t h e F e b r u a r y 1937 issue.
t R e v i s e d series. Series revised for y e a r s 1935 a n d 1936. Revisions n o t s h o w n i n t h e M a r c h 1937 issue will b e published i n a s u b s e q u e n t issue.
a
D a t a on stocks of crude p e t r o l e u m east of California revised i n J a n u a r y 1937, certain stocks formerly included i n " t a n k farms a n d pipe l i n e s " being transferred to
''refineries." D e c e m b e r 1936 figures c o m p a r a b l e w i t h those s h o w n for J a n u a r y 1937 are, refineries, 39,912; t a n k farms a n d pipe lines, 206,497.
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1936
1937
February
April 1937
February
March
April
May
June
July
1937
Decem- January
October NovemAugust September
ber
ber
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS-Con.
Refined petroleum products—Continued.
Gasoline—Continued.
Production:
At natural gas plants
thous. of bbl_.
At refineries
...
do
Retail distribution!
thous. of gal..
Stocks, end of month:
Finished gasoline, total,..thous. of bbl_.
At refineries
do
Natural gasoline. _
do
Kerosene:
Consumption, domestic
thous. of bbl__
Exports
do
Price, water white 47, refinery, (Pennsylvania)
dol. per gal_.
Production
thous. of bbl_.
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic
do
Price, cylinder, refinery (Pennsylvania)
dol. per gal..
Production
_
..thous of bbl_.
Stocks, refinery, end of monthdo
Asphalt:
Imports
thous. of short tons..
Production
do
Stocks, refinery, end of month,do
Wax:
Production
thous. of lb_.
Stocks, refinery, end of month
do
3.355
3,196
3,378
3,265
3,275
3,217
3,507
3,584
3,816
3,830
3,965
3,732
37,176 38, 764 39,902 41,951 41,612 43,500 44, 568 44,024 45,887
43,138 44,658
43,630
1,087,789 1,447,765 1,559,036 1,716,365 1,809,046 1,942,000 1,886,424 1,812,215 1,790,901 1,643,946 1,622,903 1,372,436
805
.053
.173
65,061
44,612
4,218
67,128
45,799
4,553
66, 552
44,361
5,058
64,675
42, 527
5,664
60, 519
39,050
5,829
55,922
35,062
5,846
53,040
33,417
5,653
61,394
31,230
4,945
51,238
31,936
4,555
52,509
33, 242
4,153
56,353
37, 057
4,055
64,293
44,144
4,032
4,785
455
4,098
435
3,914
512
4,035
3,075
664
3,019
474
3,218
607
4,305
590
4,370
565
4,943
841
6,148
666
5,297
608
.055
4,445
5,784
.055
4,741
5,974
.056
4,953
6,496
.056
4,626
6,681
.055
4,376
7,296
.052
4,455
8,228
.049
4,297
.050
4,428
8,217
.050
4,712
7,976
.050
4,788
6,966
.051
5,500
5,633
.052
5,923
5,622
1,520
1,863
2,197
2,028
1,969
2,123
1,851
2,059
1,911
1,938
1,821
1,763
.126
2,204
7,385
.135
2,515
7,137
.139
2,687
7,044
.149
2,768
.154
2,509
6,799
.155
2,626
6,620
.155
2,668
6,730
.155
2,567
6,544
.151
2,632
6,576
.150
2,653
6,628
.155
2,767
6,942
.160
2,649
7,168
1
179
463
1
261
526
1
319
520
4
377
542
407
546
1
426
488
1
491
3
468
305
2
475
302
1
344
330
2
244
0
226
444
36,120 42,280
118, 312 119,684
39,480
121,857
40,320
121,416
38,920
117,362
34, 440 42,840
113,359 113,049
42,840
119,307
41,160
115,434
34, 720 35,000
118, 257 116,888
41,720
107,490
1
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb_.
Calf and kip skins
do
Cattle hides
.do....
Goatskins
do
Sheep and lamb skins
do
Livestock (inspected slaughter):
Calves
thous. of animalsCattle .
___do___.
Hogs
do
Sheep
do—_.
Prices, wholesale (Chicago):
Packers, heavy steers
dol. per lb_.
Calfskins, packers', 8 to 15 lb
do
LEATHER
Exports:
8ole leather
thous. of lb_.
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
do
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb_.
Upper chrome calf B grade, black, composite
dol. persq. ft—
Stocks of cattle hides and leather, end of month,
total
thous. of equiv. hides..
In process and
finished
do
Raw
do
27,500
1,725
11,622
7,143
4,291
26,255
2,035
13, 498
5,573
3,265
28,963
1,354
13,063
8,506
4,668
28,116
1,215
12, 613
7,911
4,809
25,216
2,336
10, 296
8,292
2,549
27,690
1,434
13,145
5,690
5,989
26,050
2,015
10,869
6,452
4,792
23,013
1,068
12,004
5,024
3,521
22, 442
1,967
9,429
5,183
4,354
20, 617
1,571
7,325
5,593
4,077
23,838
1, 421
12.465
4,368
4,172
29, 722
2,393
14,142
6,552
4,705
23, 363
1,575
10,554
5, 791
2,375
437
708
2,842
1,315
405
742
2,319
1,314
483
763
2,617
1,374
525
812
2,559
1,267
503
786
2,579
1,213
517
853
2,759
1,309
523
928
2,692
1,352
541
1,012
2,254
1,395
553
1,071
2,403
1,593
585
1,124
3,492
1,742
477
988
4, 292
1,544
494
987
4,681
1,573
484
867
3,519
1,700
.160
.213
.146
.180
.130
.181
.130
.188
.123
.171
.125
.177
.124
.170
.131
.174
.147
.172
.149
.177
.153
.201
.156
.215
.162
.228
224
6,408
210
5,044
310
5,234
410
5,107
368
5,566
110
4,180
241
4,846
144
4,787
176
5,973
300
6,116
296
4,872
133
6,807
264
6,385
1,002
1,856
3,757
3,125
960
r 1, 918
3,786
2,824
1,046
1,844
4,018
2,925
998
' 1,692
3,990
2,897
1,199
1,657
4,055
2,849
1,289
1,834
3,989
3,237
1,158
1,866
3,900
3,391
1,051
1,806
3,947
3.059
1,083
'2,051
3,862
3,692
966
' 2,007
3,663
3,314
1,180
2,154
4,315
3,494
2,091
3,810
3,144
.410
.365
.360
.360
.355
.330
.330
.330
.350
.360
.370
.390
.400
.419
.380
.378
.380
.380
.378
.370
.372
.378
.379
.383
17, 786
11, 568
6,218
17, 797
11, 655
6,142
17,845
11, 734
6,111
17,827
11, 779
6,048
17,941
11,874
6,067
17,687
11,676
6,011
17,456
11,417
6,039
17,198
11,118
6,080
17,190
11,245
5,945
17,436
11, 522
5,914
' 17,173
r
11,294
' 5, 879
17,084
11,365
5,719
183, 485
109,573
73,912
205, 081
117,791
87,290
203,126
117,320
85,806
201,375
121, 661
79, 714
203, 250
126,406
76,844
220,474
139.173
81,301
242,741
153,229
89,512
245,115
156,140
88,975
274,853
179, 561
95, 292
242,106
152, 627
89,479
206,559
119, 049
87, 510
183,109
104, 525
78, 584
r
.399
.416
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs..
Dress and semidress
do
Work
do....
Shoes:
137
Exports
thous. of pairs..
Prices, wholesale, factory:
5.60
Men's black calf blucher
dol. per pair..
4.69
Men's black calf oxford-do
3.23
Women's colored blucher-do
Production:!
Total boots, shoes, and slippers
thous. of pairs. . 39, 24]
Athletic
_
_
do..._
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
do
i
High and low cut, total
do
Boys' and youths'
do..-»i
Infants*
do
Misses' and children's
do
Men's. _
„
do
Women's.do
Slippers and moccasins for house wear
thous. of pairs..
All other footwear.
do
97
188
104
106
112
82
103
149
134
90
83
71
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.60
3.15
5.50
4.50
3.15
5.50
4.50
3.16
5.50
4.50
3-15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
33, 047
165
255
359
28, 640
1,131
1,723
3, 044
8,332
14, 410
34,832
187
270
416
29,602
1,266
1,941
3,293
8,254
14,847
33, 398
196
301
342
27,929
1,223
1,958
3,185
8,057
13, 505
30, 264
207
313
314
24, 551
1,033
1,589
2,493
7,229
12, 206
29,371
209
249
246
23,562
1,311
1,661
2,379
7,574
10,638
35,678
217
144
190
29,598
1,561
1,600
3,065
8,724
14,648
40, 668
221
147
231
33,851
1,567
1,720
3,467
9,297
17,801
40,975
204
165
255
33, 241
1,603
1,877
3,399
9,546
16,815
39,916
252
229
229
31,152
1,771
1,969
3,388
10,072
13, 953
30,343
216
303
187
22,171
1,376
1,753
2,676
8,381
7,984
33,381
258
239
463
26,841
1,459
1,890
3,123
9,266
11,103
36, 674
223
492
577
31,714
1,460
2,111
3,410
9,323
15,410
2,315
1,314
2,806
1,551
2,976
1,654
3,253
1,627
3,801
1,304
4,590
938
5,308
911
6,146
964
7,163
891
6,628
838
4,449
1,131
2,414
1,254
r Revised.
1 Number of States reporting varies slightly from month-to-month, but the comparability of the series is not seriously affected.
° One company ceased reporting after December 1936. Figure for December 1936 comparable with January 1937 is 110,634.
t Revised series. For 1936 revisions see p. 46 of the March 1937 issue.
v Preliminary.
47
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1936
1937
February
February-
March
April
May
June
July
1937
Decem- January
October NovemAugust September
ber
ber
LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports (boards, planks, etc.)
M ft. b. m.
National Lumber Mfgrs. Assn..t
Production, total
mill. ft. b. m.
Hardwoods
do...
Softwoods
do...
Shipments, total
do___
Hardwoods
do...
Softwoods
do__.
Stocks, gross, end of month, total
do._.
Hardwoods
do___
Softwoods
do___
Retail movement (yard):
Ninth Federal Reserve District:
Sales
M ft. b. m.
Stocks, end of month
do___
Tenth Federal Reserve District:
Sales
_
_
do_>_
Stocks, end of month-_
do...
84,644
66,073
90,328
96,053
86,904
83,255
95,230
85,813
82,409
89,934
62,036
51,803
1,651
270
1,381
2,047
377
1,669
6,854
1,654
5,200
' 1, 469
'262
' 1, 207
' 1, 585
'291
' 1, 294
r 7, 114
1,882
' 5, 232
' 1, 718
'295
'1,423
' 1, 853
'351
' 1, 502
' 7, 018
' 1, 858
' 5,160
' 2, 005
'294
'1,711
' 2, 093
'338
' 1, 755
'6,927
' 1,816
' 5, 111
' 2, 052
'318
' 1, 735
' 1, 962
'318
' 1, 644
' 7, 031
' 1, 826
' 5, 205
' 2, 052
'328
' 1, 725
' 1, 972
' 1, 663
' 7,113
1,845
' 5,268
' 2, 218
'337
' 1,881
' 2, 056
'315
' 1, 742
' 7, 265
1,866
' 5,399
' 2,171
'348
' 1, 823
' 2, 005
'331
' 1, 674
' 7, 419
1,883
' 5, 536
' 2,151
'351
' 1,800
' 2,122
'342
' 1, 781
' 7,438
' 1,876
' 5, 562
' 2, 352
'351
' 2, 001
' 2, 327
'356
' 1, 972
' 7, 463
' 1,870
' 5, 593
' 1, 816
'314
' 1, 502
' 1, 751
'340
'1,411
' 7, 512
' 1,842
' 5,670
' 1,827
'311
' 1, 516
' 1,899
'319
' 1, 581
' 7, 432
' 1, 816
5,61G
1,777
5,479
2,765
86, 554
' 2,187
77, 713
4,329
81,490
7,210
81,851
10,227
79,392
13,192
72,456
11,827
77,794
12,042
74,909
12,842
72,208
14,355
67,785
10, 726
63,934
4,785
67,976
4,264
79,170
1,990
32, 811
2,168
32,069
3,752
32,396
4,191
32,143
3,627
32,426
5,437
32,459
3,840
31,894
4,137
31,445
3,536
31,349
4,648
30,756
3,991
30,197
3,408
31, 299
2,047
32,079
M ft. b. m.
_do...
do...
do...
do . .
9,600
21,000
7,600
9,300
19,600
7,900
14,300
5,400
5,450
27,550
12,700
20,100
5,900
6,900
26,550
5,900
18,500
7,200
7,500
25,400
4,300
15,500
5,850
7,300
24,000
6,500
14,600
6,200
7,850
22,350
7,050
13,000
7,000
9,000
20,500
8,300
12,400
7,900
8,500
21,000
10,100
13,600
8,600
9,000
21,000
7,,400
12,600
9,,000
8,,500
21,,500
6,800
12,900
7,350
7,050
22,500
15, 500
19, 700
8,100
8,900
21, 700
8,900
21,300
7,300
8,100
20,800
do__.
do...
do...
do...
do___
26,409
57,856
31,853
34, 391
58,267
40, 675
52, 892
21,831
23,081
60,115
19,381
43, 793
27, 607
28,479
58,683
19,211
33,521
30, 761
29,483
59,961
23,622
28,564
30,273
28,579
61,655
30, 576
27, 523
32,031
31,617
62,069
29,463
26,863
0,123
64,926
32,953
29,408
30,872
30,408
65,390
40,671
36,647
32,378
33,432
64,336
39, 210
41,,922
33,864
33, 935
64, 265
56,471
68,405
31,752
29,988
66,029
41, 589
74,116
35,489
35,878
65, 640
30, 569
65,838
34, 012
38, 847
60,805
12,750
8,522
19, 542
19,455
23,49*
12,985
40,462
23, 371
28, 714
14, 612
27, 331
18,312
32,063
23,629
27,670
19,456
28,920
31,776
21, 248
22, 625
2,509
1,465
3, 505
62
1,723
52
'309
1,537
246
1,290
1,722
294
1,428
7,256
FLOORING
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
SOFTWOODS
Fir, Douglas:
Exports:
Lumber
_M ft. b. m.
Timber
_
do...
Prices, wholesale:*
No. 1, common boards.dol. per M ft. b. m .
Flooring, 1 x 4 , " B " and better, v. g.
dol. per M ft. b. m .
Southern pine:f
Exports:
Lumber
_M ft. b. m_
Timber.__
do
Orders:
New
__
mill. ft. b. m.
Unfilled, end of month
do
Price, wholesale, flooring
dol. per M ft. b. m .
Production
mill. ft. b. m.
Shipments
__
do
Stocks, end of month
.do
Western pine:f
Orders:
New
_
_
_do
Unfilled, end of month
.do
Price, wholesale, Ponderosa pine, 1 x 8 no. 2,
common (f. o. b. mills).dol. per M ft. b. m_.
Production
_
mill. ft. b. m..
Shipments
do
Stocks, end of month
do
West Coast woods:1
Orders:
New
..mill. ft. b. m..
Unfilled end of month
_
_do
Production
do
Shipments
_
do'.ll.
Stocks, end of month
do
Redwood, California:
Orders:
New
M ft. b. m_.
Unfilled, end of month
do
Production
do.'.i
Shipments
do...
21. 560
18.498
18.620
19.600
19.845
20.090
20.090
19.845
19.502
19. 600
19.600
20. 286
20.825
45.080
43.978
44.100
43.855
43.120
42.728
41.160
40.180
40.964
41.160
41.160
42. 532
43.610
32,184
4,978
18, 506
10, 261
28,913
6,184
22,893
7,506
21,487
6,890
22,826
6,358
25,463
5,137
19,836
4,224
24, 797
4,213
25, 322
4,310
• 17, 822
5,573
25, 265
5,163
655
549
'499
419
'613
439
'560
'556
359
' 561
329
'604
324
'693
384
19,955
6,587
'645
374
'691
374
'676
409
'796
509
740
574
44.56
650
680
1,465
37.01
'487
'494
1,625
36.78
'548
'593
1,580
37.63
'580
'600
1,560
37.40
'591
'596
1,555
37.37
'586
' 591
1,550
36.52
'634
'609
1,575
36.61
'628
'633
1,570
37.29
'640
'655
1,555
38.31
'671
'691
1,535
38.59
'661
'641
1,555
39.28
'671
'696
1,530
41.68
640
675
1,495
334
423
224
271
334
302
321
401
340
382
324
379
335
468
361
428
321
455
325
393
329
429
442
327
445
26.80
164
311
1,509
23.71
150
230
1,481
23.89
224
282
1,423
23.83
322
319
1,427
23.77
432
363
1,495
23.82
466
384
1,577
23.78
491
381
1,687
23.79
516
397
1,806
23.92
477
424
1,859
23.91
471
454
1,876
24.28
365
362
1,879
24.46
264
351
1,792
25.77
179
314
1,657
424
926
422
519
1,260
424
563
461
466
1,176
547
521
'498
1,199
645
509
666
684
1,181
491
470
559
530
1,210
469
415
513
524
1,199
572
393
594
594
1,199
558
462
515
490
1,225
530
452
516
539
1,202
726
520
679
658
1,223
418
661
336
277
1,282
642
907
444
'397
1,329
440
1,021
354
326
1,357
32,142
80, 281
34, 791
33, 435
24,054
44,489
32,185
24,711
32,979
43,049
37,318
34,327
41, 535
49,143
37,584
35,562
31,157
44,213
37,763
35,207
29,813
39,251
38,700
37,433
30,603
37,172
35,434
30,992
32,201
36,608
34,426
33,781
33,477
36,390
34,327
33,000
41,884
33,814
32,668
39,873
34, 564
25,998
45,013
60, 503
31,119
24,382
48,393
81, 663
35,108
27, 622
81.5
58.0
58.0
9.0
59.0
65.0
68.0
74.0
81.0
,6.0
85.0
82.0
5.5
18
9.0
12
10.0
13
6.0
5.0
18
5.0
12
3.5
23
3.0
21
6.0
23
5.0
20
5.0
26
10.5
15
40
16
18
17
25
30
33
33
39
31
31
83.0
18
22
57.0
12
24
57.0
13
22
54.0
11
20
56.0
11
21
58.0
11
25
60.5
15
25
63.5
16
30
73.0
18
31
76.0
19
30
78.5
17
31
77.0
19
78.2
97.0
82.5
94.0
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.9
84.0
83.5
87.5
70.4
84.0
83.5
87.5
71.1
84.0
83.5
87.5
70.5
85.5
83.5
87.5
71.7
85.5
83.5
76.0
85.5
83.5
88.9
FURNITURE
All districts:
Plant operations
percent of normal
Grand Rapids district:
Orders:
C anceled
percent of new orders
New
no. of days' production..
Unfilled, end of month
no. of days' productionOutstanding accounts, end of month
no. of days'sales..
Plant operations
percent of normal..
Shipments
no. of days' production.
Prices, wholesale:
Beds, wooden
1926=100..
Dining-room chairs, set of 6
do..
Kitchen cabinets
do...
Living-room davenports
.do""]
Steel furniture (See Iron and Steel Section).""
r Revised. • New series. For data for period 1922-36 see table 7, p. 19 of the February 1937 issue.
1 Data for April, July,October ana December are for 5 weeks; other months, 4 weeks,
t Revised series; for 1935 and 1936 revisions, see p. 20 of this issue.
5.0
29
44
30
'78.5
'16
76. 6
97.0
82. f>
94.0
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1936
1937
February
April 1937
February-
March
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports (domestic)
long tons.. 291, 079
41, 628
Imports
do
Price, iron and steel, composite
36.74
dol. per long ton-.
Ore
Iron ore (Lake Superior dist.):
Consumption by furnaces
thous. of long tons_Shipments from upper lake ports
do
Receipts:
Lake Erie ports and furnaces
do
Other lower lake ports
_
do
Stocks, end of month, total
do
At furnaces
do
Lake Erie docks.,
do
Imports
do
Manganese ore, imports (manganese content)
thous. of long tons.-
213,802
43, 358
264,337
56, 720
301, 987
49,277
314,950
59,391
294,951
59,910
296,738
47,940
295,341
60,697
235, 764
59,993
261,882
64,509
203, 297
61,970
33.48
33.21
33.10
32.92
32.79
33.49
33.88
34.15
34.63
4,443
0
2,632
0
2,898
0
3,485
19
3,882
5,050
3,763
6,608
3,826
7,160
3,969
7,444
4,027
7,481
4,385
7,301
0
0
22, 418
19, 081
3,337
210
0
0
25,809
20,904
4,904
125
0
0
22,933
18,199
4,734
132
0
9
19,370
15, 240
4,130
177
2,651
1,409
19,242
15,269
3,974
199
4,692
1,931
23,107
18,017
4,045
170
5,064
2,148
25, 211
21,194
4,017
198
5,120
2,005
28,158
24,008
4,150
234
5,383
1,904
31,978
27,555
4,422
258
5,388
1,989
35,156
30, 377
4,780
193
20
30
23
19
38
29
21
41
36
38, 278
40, 611
49.9
39, 384
48,008
45,536
55.9
46, 823
47,933
50,954
62.6
51,840
44,136
45,027
55.3
48,854
42,848
43,766
53.9
46, 489
41,031
44, 413
53.3
46,158
45,179
42, 253
52.0
35,554
64, 550
120
68, 395
126
84,915
144
86, 030
146
85, 405
145
83, 720
146
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
01 on
O1 Oft
1,824 i
2,040
21.39
2,404
21.39
2,648
3,954
1, 664
37, 738
3,456
1,683
35, 429
17, 957
8,984
129,933
18,176
11,129
127, 274
201, 512
43, 063
34.65
244,173
52, 484
35.15
4,269
3,758
4,551
0
4,694
0
014
430
378
460
918
204
62
37
31, 402
27, 022
4,380
189
0
0
26, 747
22, 986
3,761
186
40
37
48
29
44,361
46,552
57.0
40,194
55,521
51,778
61.9
48,338
58,152
50,934
62.3
50,041
67, 035
61, 674
73.5
57, 609
54, 070
53,638
67.4
51, 754
88, 075
148
94,140
155
97, 740
161
99,205
164
102,195
170
104, 060
170
19.00
19.96
19.00
19.86
19.00
19.80
19.00
19.80
19.25
20.00
20.00
20.82
20.50
21.30
21.39
2,586
21. 39
2, 594
21.39
2, 712
21.39
2,730
21.39
2,992
21.64
2,947
22.39
3,115
22.89
3,212
3,639
2, 243
44,882
3,339
3,195
41,160
3,066
3,905
40, 314
3,020
3,634
39, 723
4,793
5,809
38, 706
4,256
8,633
34, 338
2,748
5,202
31, 681
2,584
3,562
29, 965
3,123
2,244
30, 090
19, 043
13, 552
150, 558
21, 625
19, 523
143, 991
24,867
29, 200
139, 619
27, 265
24,658
142, 225
29, 062
33, 549
137, 671
32,748
45,960
123,005
22,992
28, 642
122,143
23, 821
19, 765
125, 090
24, 084
13, 616
135, 356
3,
1,
35,
30
4,
36.55
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
short tons.. 60,187
Production
do
57, 295
Percent of capacity
72.0
Shipments
...
short tons.. 55, 742
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day.. .08, 720
Number
176
Prices, wholesale:
Basic (valley furnace)... dol. per long ton..
20.75
21.44
Composite
do
Foundry, no. 2, northern (Pitts.)
23.14
dol. per long ton_.
Production
thous. of long tons..
2, 999
Cast-iron boilers and radiators:
Boilers, round:
3, 689
Production
thous. of lb_.
1,897
Shipments
do
31,857
Stocks, end of month
_._do
Boilers, square:
24,497
Production
do
11,306
Shipments
__
do
Stocks, end of month
do.__r 148, 420
Radiators:
Convection type:
Sales, incl. heating elements, cabinets,
and grilles
478
thous. sq. ft. heating surface.Ordinary type:
7,692
Production
_
do
3,613
Shipments
do
41,210
Stocks, end of mo..
do
Boilers, range, galvanized:
Orders:
New.
number of boilers.. 60,149
56, 498
Unfilled, end of mo., total
do
106,168
Production
do
107,345
Shipments
do
39, 622
Stocks, end of month
do
Boiler and pipe fittings:
Cast iron:
8,693
Production.-.
_
short tons..
8,719
Shipments
do
Malleable:
5,922
Production
do
6,338
Shipments. _.
...do
I
3,343 !
2,437 i
35, 053
18, 454
11,955
121, 258
755
750
789
656
633
427
7,487
7,785
39, 246
7,917
9,190
38, 216
9,914
12, 452
35,990
7,111
9,475
34,032
7,689
7,444
33, 020
7,180
4,572
37, 069
834
671
036
442
755
89,192
50,064
103, 208
103, 799
39,164
91,142
44, 518
96, 757
96, 688
39, 233
151,230
57, 842
133, 848
137,906
35,175
91,317
39,310
111,534
109,849
36, 860
129, 644
83, 949
91,451
85, 028
43, 326
122, 930
103, 694
100, 364
103,185
40, 505
5,981
6,132
6,414
7,690
7,160
9,529
8,211
9,613
10,170
8,902
8,134
9,193
7,365
8,818
8,542
4,173
4,202
4,233
4,404
4,225
5,697
5,200
5,454
5,639
5,794
5,270
4,618
5,601
4,584
5,544
5,952
212.11
221.80
221. 80
221.95
222.12
222. 35
222. 47
223. 86
223
229
278
551
613
4,951
3,086
32, 224
5,046
2,720
34, 779
6,345
3,549
36,997
6,253
4,175
40,368
5,931
5,590
40,179
62,143
25, 382
65, 658
62, 306
41, 042
62, 649
26, 094
64, 227
61,937
43, 332
57, 631
20,177
65, 773
63, 548
45, 557
66, 598
25,581
60, 352
61,194
44, 715
73, 967
27, 279
74, 242
72,921
38,161
5,107
5,217
5,721
5,325
6,032
5,940
5,768
5,923
3,982
3,475
3,817
3,663
4,296
4,201
4,196
4,442
212.31
212.19
212.10
803
6,821
8,027
39, 223
115,
64,
80,
78,
39,
Sanitary Ware
Plumbing and heating equipment, wholesale
price (8 pieces)
dollars..
Porcelain enameled flatwear:
Orders, new* total.
do
Signs
_
_
do
Table tops
..do....
Shipments, total
do
Signs.
do....
Table tops
__
do
224.82
212.25
786,380
223,994
196,817
727,162
169,453
187,073
877,598 1,088,105 1,005,791
206,115 265,338 265,199
154,291 238,447 187,662
908,433 1,076,233 1.002,735
220,427 315,556 281,205
176,295 205,747 189,980
940, 668
951,022 1,027,198 1,105,921 1,119,943 1,139,842 1,025,742 1,255,817
224, 042
284,068 292, 762 257,132 235,617 201,245 257,344 319,452
210,834 294,246 355,827 287,987 325,894 240,369 306, 329 228, 077
978,254 1,055,713 1,087,682 1,192,520 1,298,152 911,011 1,109,110 1,003,919
263, 992
284,574 298, 549 285,935 316,116 295,440 214,742 1,285,187
260,120
234,884 310,063 310, 583 338,500 385. 569 221,318 [320, 743
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons.
Percent of capacity
Railway specialties.
short tons.
Production, total
do...
Percent of capacity
Railway specialties
short tons.
Ingots, steel:
Production
thous. of long tons..
Percent of capacity t
Bars, steel, cold finished, shipments
short tons..
r
76,394 159, 430
133.7
64.1
35, 714 85. 076
68,874 83, 615
70.1
57.8
28, 094 35, 309
114, 959
96.4
62,102
89, 649
75.2
40, 867
4,432
78
52, 467
4,737
83
51,701
43.4
16,650
47, 954
40.2
15,830
71,341
59.8
32,542
51, 674
43.3
17,385
83,188
69.8
45,942
63,087
52.9
24,712
63,950
53.6
25,755
64,246
53.9
25,857
94,345
79.1
52,466
70,323
59.0
30,802
74,011
62.1
34, 443
78, 654
66.0
34,858
59,393
49.8
21,455
81,574
68.4
36,826
56,877
47.7
16, 686
76, 617
64.2
34,304
59, 431
49.8
17, 962
74,775
62.7
30,006
4,425
84
2,964
54
3,343
59
3,942
69
4,046
71
3,985
70
3,923
69
4,195
74
4,161
73
4,545
77
4,337
79
65, 668
27,917
31,378
33, 512
36, 232
41,178
44,382
39,931
41,049
47,105
41, 638
60, 363
Revised.
o
ays or^, holidays;
1 Beginning January 1937, the American Iron and Steel Institute computes the percent of capacity on a weekly average basis, with no allowance for bundays
^^^j~,
the figure shown here will be carried forward on the old basis (which relates daily average output to daily average capacity with allowance for Sundays, July 4, and Christmas)
in order to keep the series comparable.
49
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1936 Supplement to the Survey
ary
1937
1936
March
April
May
June
July
August ^
^
October
N
°™m"
^ecem- January
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Crude and Semimanufactured—
Continued
Prices, wholesale:
Composite, finished steel
dol. per lb__ 0. 0258
Steel billets, rerolling (Pittsburgh)
dol. per long t o n 34.00
Structural steel (Pittsburgh)
dol. per lb_.
.0205
Steel scrap (Chicago)
dol. per gross t o n . .
19.44
U. S. Steel Corporation:
Earnings, net
thous. of d o L .
Shipments, finished products
long t o n s . . 1,133,724
0. 0243
0.0237 |
0.0236
0. 0236
0. 0236
0. 0243
0.0243
0. 0241
0. 0246
0.0246
0. 0252
0.0257
29.00
.0180
14.19
28.20
.0180
14.75
28.00
.0180
14.34
28.00
.0180
12.88
28.00
.0181
12.85
30.00
.0190
13.38
30.00
.0190
15.19
30.40
.0190
16.15
32.00
.0190
16.25
32. 00
.0190
16.50
32.40
.0199
17.15
34.00
. 0205
18. 06
27,996
14, 097 886, 065
950,851
923, 703
28,967
961,803 1,007,417
35, 365
882, 643 1,067,365 1,149, 918
427, 583
515, 380
38.4
518, 795
20, 206
456,682
697,783
51.9
694,331
23, 658
343,347
835,177
62.1
836,983
21,852
351, 888 800, 546
653,971 804, 526
59.9
48.6
658,103 793, 670
28, 500
17, 720
826, 510
824, 073
61.2
825,406
27,167
676,315
16,445
783, 552
979, 907
349, 752
476, 465
35.6
471, 481
34,155
341, 248
578, 705
43.3
577, 240
35, 260
299,745
650, 028
48.5
658, 657
26,991
400,184
636, 449
47.5
643, 841
19, 599
452, 386
626,599
46.8
627, 065
19,133
499,838
677, 462
50.6
672, 974
23,621
810
705
590
594
784
687
712
720
1,131
1,049
1,110
1,091
1,081
1,140
892
1,233
969
1,201
937
837
1,872
915
651
682
1,427
882
1,484
1,667
964
1,586
1, 583
913
1, 634
1,514
975
1,451
1,565
1,070
1,470
1,511
918
1,511
1,517
996
1,439
1,587
1,033
1,550
1,841
1,097
1,777
1,734
1,186
1,646
2,227
1,363
2,113
2,379
1,617
2,121
325
198
371
419
235
382
378
229
384
414
262
381
448
294
416
394
358
393
448
386
420
433
394
425
436
395
435
459
418
436
670
426
571
546
429
536
189
173
185
219
227
190
210
232
251
197
244
313
228
218
207
251
224
216
226
246
204
208
205
267
205
204
209
199
195
178
220
201
250
194
234
242
238
192
240
247
287
228
240
299
192
217
203
309
27,863
5,940
30,437
3,620
30, 018
5,678
51, 443
9,311
52,937
21, 861
60, 324
9,968
31,999
8,604
35,033
9,446
33, 791
6, 632
40, 465
e, 368
51,017
9,320
40, 424
10, 507
138, 244
231, 660
191, 359
62.9
175,702
168,572
86, 971
4,116
251,818
280,493
207,820
68.3
209, 673
141,916
70,648
6,258
190, 269
221,950
217,975
71.6
252,441
124,239
65, 783
7,031
191,511
217, 831
224, 056
73.6
210,127
138,510
72,333
7,314
261,439
276, 551
210,448
69.2
203,853
136, 605
75,912
6, 507
192, 873
263, 531
217, 651
71.5
213,372
138,884
72,603
6,216
207, 781 255,557 223,195
237,029 287, 746 281,226
202, 456 213, 706 235,057
70.2
66.5
82.6
197,156 204, 285 223,874
141, 328 137, 556 133, 370
71, 367
79,451
69, 355
5,722
6,401
5,547
294, 080
372, 407
224, 031
78.7
212,130
128,906
62, 938
4, 756
336, 758
456,811
230, 581
84.7
244, 409
132, 432
59, 325
5,579
690
715
954
561
948
576
1,059
564
1,106
626
1, 336
763
1,154
871
983
1,013
1,078
1,624
1.044
1,279
960
1,141
1,137
871
349
1,676
373
363
1,723
317
572
2, 026
277
889
2, 641
268
281
2,242
404
2,085
566
539
2,208
416
479
2,275
412
416
.,908
783
529
1,999
436
1,136
2,472
664
883
2, 893
462
110.4
130.4
114.5
115.0
94.4
124.0
134.0
123. 2
105.1
165.4
142.6
146.7
141. 4
130.8
153.0
159.6
144.5
145.7
145.4
152.1
137.2
161.0
162.8
150.5
174.4
174.0
162.9
200.4
223.4
150.9
283.3
319.6
187.1
190.9
333.3
177.2
7,384
1,534
7,344
14, 061
29
9,431
2,034
8,931
15,109
24
10, 541
2,365
10, 210
16,944
41
12, 730
2, 739
12, 356
18,890
27
16,038
4,078
14, 699
19, 341
16,413
3,041
17,450
21, 577
23
22,347
4,224
21,164
23,608
34
35, 252
4,071
35,405
16, 538
22
33,355
3,467
33,959
14,102
23
15, 437
2,557
16,347
15,174
38
11,135
2,392
11, 300
16,082
133
10, 333
3, 451
9,274
16, 335
59
2,680
2,652
3,180
3,773
4,712
5,952
9,123
16,139
17,909
8, 687
5,513
3,084
128
25,260
133
24,855
155
43, 530
186
38,068
244
50, 717
336
67, 218
434
80,268
499
75,106
462
89,130
324
62, 680
309
79, 226
143
22, 668
112.1
105.3
125.7
118.9
128.8
150.1
127.5
118.5
136.5
257.7
200.3
36,400
663
43, 233
976
40, 679
968
42,407
1,250
52,236
1,198
60, 054
1,326
55, 762
1,412
47,454
826
47, 548
1,306
33,022
1,330
32, 602
1,134
63,722
1,244
' 595
' 4,001
••630
' 5, 229
" 871
r 8, 725
'834
-8,937
'621
r 8, 785
'786
' 9, 347
' 729
' 8,971
'•886
' 9, 320
••836
' 8, 630
' 748
' 8. 306
'767
' 9, 035
393
8,487
' 10, 511 ' 10, 563 • 14. 785 •15,841 • 15, 609
r 3, 704 ' 3, 331 ' 4, 620 ' 3, 212 ' 1, 956
12,884
5,277
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
n u m b e r . . P23,803
Production
do.___ 622,338
Percent of capacity
46.3
Shipments
n u m b e r . . 627,755
Stocks, end of month
do____ 21, 750
Boilers, steel, new orders:
Area
thous. of sq. f t . .
872
Quantity
_
number..
758
Furniture, steel:
Office furniture:
Orders:
New
.thous. of dol_.
Unfilled, end of month
do
Shipments
do
Shelving:
Orders:
New
.do
Unfilled, end of month
do
Shipments.
*
do
Safes:
Orders:
New
do
Unfilled, end of m o n t h . . .
do
Shipments
do
Spring washers, shipments
do
Plate, fabricated steel, new orders, total
short t o n s . .
30,340
Oil storage tanks
do___.
9, 041
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short t o n s . .
0)
Unfilled, end of m o n t h . . .
do
0)
Production, total
.do
(0
Percent of capacity
0)
Shipments
short t o n s . .
0)
Stocks end of month, t o t a l . .
...do
0)
Unsold stocks
do
0)
Track work, s h i p m e n t s . .
__
do
8,153
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new:
Fan group
thous. of d o L .
Unit-heater group
do
Electric overhead cranes:
Orders:
921
New
do
3,427
Unfilled, end of month
...do
387
Shipments
do
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign trade.)
Foundry equipment:
Orders:
249. 5
New
..1922-24 = 100..
380.0
Unfilled, end of m o n t h . . .
do
201.8
Shipments
do.
Fuel equipment:
Oil burners:
Orders:
New
n u m b e r . . L.
Unfilled, end of month
do.
Shipments
do
Stocks, end of month
do.
Pulverizers, orders, new
_do.
Mechanical stokers, sales §
Classes 1, 2, and 3
do.
Classes 4 and 5:
Number
Horsepower
Machine tools, orders, new
165.2
av. mo. shipments 1926=100._
Pumps:
Domestic, water, shipments:
Pitcher, other hand, and wmdmill_.units.
Power, horizontal type
do...
Measuring and dispensing, shipments: 1
Gasoline:
Hand-operated
_
units..
Power
do.
Oil, grease, and other:
Hand-operated
do
Power
do.
Steam, power, centrifugal, and rotary :t
Orders, new
thous. of dol
r;6,850 ' 13, 798 ' 11,329
\2, 919
* 5, 224 r 3. 450
' 1, 226 r~l,
190 1
•• 1, 267
1
11,894
' 3, 936
10, 70G j ' 14, 341
' 3, 564 I r 3? 282
' 1,189 i <• 1, 250 !r 1, 379
* Entire series now being revised b y the National Association of Flat Rolled Steel Manufacturers.
Revised. §See note marked " § " , on p . 50. f See note marked "f" on p. 50.
f Revised series. For revisions for period 1919-36 see table 15, p . 19 of this issue.
r
r 1, 183
' 1,198
147.1 I
' 1,046
' 1, 535
The data will be shown in the Survey when available.
0)
0)
0)
0)
0)
C1)
0)
7,246
1,271
50
SURVEY OF CURRENT BUSINESS
1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
February
April 1937
1937
1936
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Water-softening apparatus, shipments-.units-.
Water systems, shipments
do
Woodworking machinery:
Orders:
Canceled
thous. of dol._
New
_.do
Unfilled, end of month
do
Shipments:
Quantity
.machines..
Value
_
thous. of doL.
1,002
737
7,030
980
12,059
1,031
13,067
1,014
13,718
1,052
17,295
845
16,815
1,016
14,990
954
15, 537
1,001
13,112
11,074
1,018
10,864
957
15,340
3
412
581
5
417
632
7
377
610
9
439
604
445
597
12
474
610
16
571
657
652
819
10
561
816
14
737
1,050
7
744
3,195
21
744
1,339
201
365
224
358
217
383
247
444
267
445
280
439
300
494
358
490
314
657
280
470
367
619
314
571
27,496
.1263
29, 744
.1274
28,363
.1281
2,362
570
1,792
2,706
602
2,104
2,364
518
1,846
24, 560
23 589
22^ 321
23,490
16, 702
12 599
22,046
7,133
5,994
25
1,243
.1016
2,974
1,129
.1076
25
1,115
.1242
1,073
249
31,096
6,390
32,052
4,954
35,760
4,722
.0511
.0555
40, 273 43, 613
52,032
50,313
176,960 171,856
.0600
41, 223
45,718
169,776
2,940
5,345
5,098
.5131
3,200
6,930
8,339
.5185
3,070
7,615
8,509
.5089
23,148
3,030
23, 787
5,095
26,179
5,478
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
40, 506 22, 836 19,178
Imports, bauxite
long tons.. 41, 603 18,997 19, 938 21, 685 28,003 41, 043 29,113
.1257
.1263
.1281
.1207
.1257
.1165
.1163
.1222
.1198
Price, scrap, cast (N. Y.)
dol. per lb__
.1188
Babbitt metal (white-base antifriction-bearing
metals):
2,064
2,013
2,414
2,312
2,495
2,654
2,491
2,290
2,374
2,540
Production, total
thous. of lb._
524
453
549
420
772
695
579
563
495
678
For own use
do
1,489
1,612
1,712
1,865
1,893
1,796
1,723
1,879
1,976
1,977
Sales
do
Copper:^
19,840 17,874
17,250 20,421 24,516
22,148
24,622 22,737 28,577
Exports, refined and mfrs
short tons.. 29,099
16, 723 16,428 11,311
15,700 14,670 18,071
15, 574 14,639
9,516
21,952
Imports, total
do
15,700 11,988 10, 111 12,926
14,788
12,980 11,225
8,093
18,358
14,561
For smelting, refining, and export...do
Product of Cuba and the Philippine Is2,938
42
1,467
2
9
1,512
24
2,133
13
9
lands.
short tons..
1,502
981
1,307
2,592
1,191
1,771
1,399
1,460
3,401
Allother
do
100
.0903
.0928
.0953
.0917
.0935
.0956
.1343
.0953
Price, electrolytic (N. Y.)
dol. per l b Lead:
Imports of ore, concentrates, pigs, bars, etc.
742
946
2,967
1,192
2,997
1,027
402
1,742
short tons..
718
Ore:
28,195 29,341 29,535 30,547
30,892 30,910
31,828 34,137 31,314
Receipts, lead content of domestic ore.do
4,550
6,467
2,950
4,540
3,180
5,880
2,970
3,600
4,880
Shipments, Joplin district
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
.0452
.0460
.0460
.0460
.0460
.0460
.0624
.0460
.0460
.0463
dol. per lb._
32, 221 32,184 36,175 39,558 36,756 36,863 31,117
29,788 39,317
Production from domestic ore—short tons.. 34,986
33,086
36,743
40,457
46,388
33,125
37,
736
50,685
50,375
59,210
Shipments, reported
do
156,832 225,010 223,388 220,991 229,409 230,481 231,081 218,233 200, 517 183,430
Stocks, end of month
do
Tin:
Consumption in manufacture of tin and
2,350
3,300
3,050
2,400
2,850
3,260
3,300
3,520
terneplate
-long tons..
3,300
5,520
5,600
5,235
5,385
6,235
7,120
6,200
7,795
7, 675
Deliveries
.do
6,005
6,104
6,525
5,493
6,069
4,994
6,674
5,626
8,134
Imports, bars, blocks, etc
do
7.238
6,327
.4792
.4799
.4630
.4257
.4694
.4297
.4474
.4222
Price, Straits (N. Y.)
dol. per lb._
.4494
.5194
Stocks, end of month:
19,048
18,380
16,759
17, 642 16.896
16,448
World, visible supply
long tons.. 23, 774 17, 562 18, 664 16,869
3,968
3,315
3,095
3,523
2,151
2,713
2,941
3,054
2; 860
United States
do....
4,956
Zinc:
Ore, Joplin district:
Shipments
.
. . . . short tons
Stocks, end of month
do
Price, prime, western (St. L.) dol. p e r l b . .
Production, slab, at primary smelters
short tons..
Retorts in operation, end of m o . . . . n u m b e r . .
Shipments, total
short tons..
Domestic
do
Stocks, refinery, end of mo
do....
38,640
26,930
.0490
40,060
28,070
.0490
40,900
33,560
.0490
29,420
39,240
.0488
22,060
41,270
.0478
35,810
37,180
.0480
35,780
30, 590
.0485
46,500
31,200
.0485
40,830
29,990
.0497
44, 245
44,245
23,085
.0527
41,262
.0647
36,770
25,130
-0486
38,010
42,786
47,591
47,591
24,562
36,228
38,004
39,918
39,918
75,517
42,483
37,922
38,159
38,159
79,841
43,252
41,400
42,311
42,311
80,782
44,905
41,048
43,977
43,977
81,710
44,947
40,700
41,654
41,654
85,003
45,553
41,308
41,891
41,891
43,614
41,308
46,085
46,085
86,194
42,283
40,672
51,847
51, 847
76,630
46,297
41,733
54, 035
54.035
68; 892
45,742
43,103
57,107
57,107
57,527
47,050
42,965
59,821
59, 821
44, 756
40,025
40,285
50, 638
50, 638
34,143
43,837
.0585
Electrical Equipment
Furnaces, electric, new orders:
3,161
4,225
3,365
2 757
Unit
kilowatts..
3,262
3,903
2,992
3,246
3,637
3,631
2,262
3,203
4,391
236
215
255
146
Value
thous. of dol.215
242
200
253
358
230
168
221
329
Electrical goods, new orders (quarterly)
228,062
thous.ofdol
153,452
190,598
191,319
Laminated phenolic products, shipments
1,252
1,151
1,158
1,005
thous.ofdol.1,059
844
924
1,004
1,146
1,136
1,141
1,075
1,116
Motors (1-200 H. P.):
Billings (shipments):
3, 266
2,476
2,735
2,243
A. C
thous.ofdol
1,770
1,815
2,158
2,248
2,513
2,536
2,466
2,319
634
811
727
D. C . . _
do
_
534
425
518
525
554
524
661
607
558
Orders, new:
3,274
3,955
2,563
2,508
A. C._
.do
1,876
2,134
2,194
2,539
2,915
2,636
2,691
2,628
938
573
D. C
do
612
585
595
613
608
599
682
984
658
Power cables, paper insulated:
732
577 i
518
677
Shipments
thous. of ft..
955
419
446
408
533
536
672
664
655
815 I
607
672
Value
...thous. of dol._
1,023
328
561
626
697
613
610
734
671
Power switching equipment, new orders:
77,303
Indoor..
dollars
63,163
57,981
68,080
77,795
72,425 118,256
75,906 99, 621 89, 517 124, 562
85,758
Outdoor
do
I
156,313 166,011 214,250 162,163 143,868 203,674 165,245 222,832 267.098 192,967 284, 308 341,395
1,425 r 1,719
1,840
1,708
Ranges, electric, billed sales
thous. of dol_.
1,699
1,142
2,190
2,213
2,311
2,272
1,678
1,746
1,468
Refrigerators, household, sales
number
179,056 272,139 304,089 329,140 237,371 205,098 106,975
80,050 44,380 78, 265 ' 123,208 171, 405
Vacuum cleaners, shipments:
92,056
Floor cleaners
d o . . . . 112,787
86,084 114,001 104,559 105,275
80,649
71,628
84,108 104,944 109,636 100,983 114,892
40,921
32, 520
Hand-type cleaners
d o - . . . 38,477
23,769
35,878
29,588
32,175
22,295
18,765
39,118 32,944
22,101
Vulcanized fiber:
2,446
2,235
2,367
2,382
Consumption of fiber paper....thous. of lb__
2,321
1,635
1,830
2,129
2,248
2,116 2,179
2,185
2,210
599 i
510
640
579
Shipments..._
thous.ofdol..
633
417
492
470
471
489
525
517
485
r Revised.
^Monthly data on copper production, shipments, and stocks for months of 1936, comparable with those shown in the 1936 supplement through 1935, are not available.
§ Classifications changed starting in January 1937, but for all practical purposes the series shown are comparable. Classes 4 and 5 are practically equivalent to former
class 4; changes made in classes 1, 2, and 3 do not affect the total for the 3 classes as shown here.
f Revised series. Data on shipments of measuring and dispensing pumps are based on the reports of 42 identical manufacturers covering more than 90 percent of the
industry, and supersede those shown in the Survey through March 1937 which were for 30 manufacturers. For the new series, figures for January 1936 are: Gasoline, hand
operated, 460; power operated, 4,535; oil, grease, and other, hand operated, 7,130; power operated, 3,209. For an overlap with the old series, see the Survey for March 1937. I t
will be noted that the addition of the data for 12 new manufacturers makes little difference in the series on gasoline pumps, but it does materially increase the figures on oil
and grease equipment.
51
SUEVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the Febru1936 Supplement to the Survey
ary
1937
1936
February
March
April
May
June
July
Decem- January
October NovemAugust September
ber
ber
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS-Continued
Miscellaneous Products
Brass and bronze (ingots and billets):
6,783
8,025
7,939
6,012
5,996
6,339
6,379
7,773
10, 022
Deliveries
net tons__
9,433
5,645
5,897
5,747
Orders, unfilled, end of mo
do
29,309
30,286
19, 761
18,914
22,238
19,288
17,379
25,289
23,717
23,796
32,411 30,436 33,077
Plumbing fixtures, brass:
Shipments
number of pieces.. 1,878,903 1,155,921 1,210,393 1,275,836 1,274,888 1,345,454 1,502,900 1,428,850 1,561,410 1,657,418 1,539,774 1,804,702 1,929,150
Radiators, convection type:
Sales:
Heating elements only, without cabinets
141
or grilles—-thous. of sq. ft. heating surf106
33
74
84
103
168
62
63
51
101
140
47
Including heating elements, cabinets, &
459
415
grilles
thous. of sq. ft. heating surL.
236
117
202
233
441
448
426
121
349
328
343
8heets, brass, price, mill
dol. per lb_.
.189
.146
.146
.148
.151
.151
.152
.154
.155
.157
.162
.168
.178
Wire cloth (brass, bronze, and alloy):
Orders:
505
455
New.
thous. of sq. ft—
413
369
416
408
384
423
215
370
517
689
' 1,191
Unfilled, end of mo
do
' 1,355
1,362
495
516
412
441
500
478
469
528
567
672
774
Production..
do
535
488
406
424
450
387
413
413
408
433
501
428
521
Shipments
do
512
477
416
411
439
386
379
416
406
442
457
418
508
Stocks, end of month
do
774
781
689
709
702
706
740
718
698
740
764
771
749
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:! ©
Total, all grades
short tons..
Qroundwood
do
Sulphate
_
do
Sulphite, total
do
Bleached
do
Unbleached...
do
Soda.
do
Production:!
Total, all grades
do
Groundwood
do
Sulphate
do
Sulphite, total
do
Bleached
do
Unbleached
do
Soda
_
do
Stocks, end of monthf:
Total, all grades
do
Groundwood.
do
Sulphate
do
Sulphite, total
do
Bleached
.do
Unbleached
__do
Soda
do
Imports:
Chemical..do
Groundwood
do
Price, sulphite, unbleached
dol. per 100 lb._
504,031
122,003
160,859
165, 613
99,373
66, 240
55,556
428,104
111, 841
133, 250
139,112
85,235
53,877
43,901
442,488
117, 280
140,989
137,153
85, 952
51, 201
47,066
484,223
127,121
140,867
166,413
109,146
57, 267
513,703 433,356
130, 067 115,419
161,343 134, 868
166,958
104,713
86, 270
52,410
62,245
55, 335 44,389
455,842
126,379
140, 567
143,378
89,254
54,124
45, 518
483,432
137, 726
141, 860
153, 572
99,951
53,621
50, 274
78, 586
27,970
6,435
41,640
28,489
13,151
2,541
93,141
33,524
6,843
49,218
33,570
15,648
3,556
214,115
17,093
3.01
160,649
13,796
1.90
476,628
129,305
152,811
149,149
93,911
55, 238
49, 822 45,363
473,075
128, 242
151,003
148,742
95, 594
53,148
45, 088
463,804
120,955
148, 729
150, 673
97,032
53, 641
43,447
483,154
120,403
159, 542
155,813
100, 809
55,004
47,396
481,745
120,190
157,116
156,131
98,355
57,776
48,308
529,035
137,945
168,533
169,416
106,994
62,422
53,141
504, 627
132,914
161, 442
157, 897
473,980
126, 471
151,914
150, 280
96, 268
54, 261 54,012
46, 242 45, 315
452,394
111,582
149,027
147,855
94,850
53,005
43,930
475,360
108, 962
159, 702
158,870
100,910
57, 960
47,826
464,735
109, 463
154,947
151, 381
94,120
57,261
48,944
519,909
130, 383
167, 030
170,089
105, 935
64,154
52,407
501,810
130,436
161, 604
159, 265
98, 402
60,863
50, 505
512,057
138,470
159,420
158,161
96,380
61, 781
56,006
540,822
139,109
172,559
170,968
103, 676
67, 292
58,186
77,656
22,742
4,784
45,999
27,651
18,348
4,131
75, 722
20, 600
4,985
47,317
28,047
19, 270
2,820
76,614
24,634
5,474
43.867
24.868
18,999
2,639
71, 712
22, 926
6,014
40, 091
24,246
15, 845
2,681
201,284 198.195
23, 572 27,031
2.06
1.98
215,612
26,333
2.33
192,788
20, 735
2.63
490,802
138,146
152, 354
154, 060
105,476 104,234 116,514
50,727 58,396
41,479
7,471
6,440
7,085
55,080 43,239 47,624
36, 593 28, 276 33,631
18,487 14,963 13,993
2,477
2,797
3,409
117,402
56,830
7,912
49,104
34,260
14,844
3,556
107,266
48,616
8,232
46,529
32,304
14,225
100,707
38,646
8,384
49,478
32,369
17,109
4,199
85,310
29,280
6,203
45,170
28,565
16,605
4,657
122,060
13,905
1.90
235,129
14,529
1.93
207,444
25,628
1.93
222,320
19,850
1.93
208,933
28,183
1.94
143,576
20,457
1.90
166,048
21,437
1.91
511,019
134,039
158,782
161,912
99,946
59, 889 61,966
52,374 56,286
526, 747
131,041
172,386
165,192
100,255
64,937
58,128
PAPER
Total paper:
Paper, incl. newsprint and paperboard:
Production!
short tons..
753,581 776,471 887,931 798,060 797,826 846,434 833,038 843,417 '984,744 864,309 956,779 911, 696
Paper, excl. newsprint and paperboard:
Orders, new
short tons..
528, 764
401,523 453,983 485,208 415,828 406,228 466,482 428,549 459,373 '560,150 505,593 613,669
Production
do
500, 948
410,225 414,714 496,498 432,814 429,324 474,040 439,309 442,692 '543,763 462,837 547,958
Shipments..
_._
do
400, 525 413,778 485,666 424,281 415,506 480,156 426,957 449,087 "538,340 457,044 563,997 514, 513
Book paper:
Coated paper:
Orders, new
do
18,610 17,097
16, 502 16,876 18,531 18,895 20,554 28, 287 28,119 ' 26, 676
21, 746 ' 23,570 31,096
Orders, unfilled, end of mo
do
7,407
9,106
6,657
6,780
17,314
11,336
8,218
6,634 12, 659 12,783 r 11,116
9,257 '11,519
Production
do
'
22,403
21,409
22, 761 26.835
24,
697
23,525
19,260 19,226 80,103 19,239 22,225
27,210
23,043
Percent of potential capacity
69.4
77.7
' 66.5
83.4
83.4
71.0
66.3
76.0
79.0
68.0
91.0
94.0
103.0
Shipments
short tons.. 22,863 ' 23,297 25,998 23, 734 21,308 18, 497 18,885 20,387 18, 983 22,048 22, 531 28,952 r 27 939
Stocks, end of month
do
12,245 12,878 13,284 12,157 12,334 12, 386 12, 785
11, 029 ' 15, 349 12,528 11,092 12,093
ll! 884
Uncoated paper:
Orders, new___
do
114,643
111,112 •100,909 128,902 85,548 72,890 77,313 82,107 85,004 91,452 101,413 115, 477 127,834
Orders, unfilled, end of mo
do
64,372
37,369 35,013
33,058 33,831 34,208 34, 270 54, 829 66, 239
69,703 ' 43,929 65, 508 49,939
Price, cased, machine finished, at mills
r
dol. per 1001b._
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.75
'5.38
'5.50
5.75
'5.25
Production
..short tons__ 104, 795 ' 97,893 101, 669 107, 533 97,369 86, 676 89, 210 93,988 95, 793 103, 417 98, 939 112,689
111,733
Percent of potential capacity
80.0
86.2
90.6
'73.4
85.4
77.5
76.0
83.2
84.3
71.6
73.4
83.5
95.7
Shipments
.short tons.. 103,829 ' 98, 299 107,116 105,689 90,507 83,718 86,040 92,611 94,141 101, 648 98, 448 119, 231 114, 085
Stocks, end of month
...do
80,267
84,191 ' 82, 762 73,349 76,033 82,280 83, 644 87,036 88,970 94,548 89, 724 92, 607 86, 067
Fine paper:
Orders, new
_
do
36,999
39,086 44,620 30,922 31,641
37,073 31,516 31,865 ' 50,578 ' 40, 033 ' 53, 679 48, 460
Orders, unfilled, end of mo
do
24,788
9,995 13,800
16,169
16,468 21,470
12,813
13,194
9,684
16,121
12,274
10,941
Production
do
43. 472
38,155 33,678 47,990 35,581 35,077
39,358 33,626 30, 625 ' 47,416 ' 37, 98G '48,112
Shipments
_
do
45,119
34.803
33, 559 33,033
35,435
39,951 31,838 31,727 ' 46, 610 ' 36, G10 ' 48, 308 45, 632
Stocks, end of month..
_
do
63, 068
62, 400 61,141 61,545
62,519 65,784 62,957 65,527 ' 66,100 ' 66, 771 68, 325 67, 972
Wrapping paper:
Orders, new__
...do
125, 557 133,755 177,510 151,013 140, 385 167,815 141, 436 159, 712 207,062 170,910 230, 499 175, 207
Orders, unfilled, end of mo
do
157, 036
58, 545 61,447 77,344 73, 312 72, 439 74,750 77, 600 87, 212 95,934 116, 625 153,811
Production—
do
130.719 132,887 165, 537 140,120 144,615 163,588 147,142 150,952 195,874 155, 605 ' 196,998 166, 074
Shipments
_
do
172, 340
126,821 128,056 161, 543 144,232 143,367 167, 586 140, 740 153, 243 199,369 151, 785 '200,433
Stocks, end of month
..do i
103, 533
110,424 114,066 118,269 114.092 113, 711 109,180 112,323 110, 704 108,163 111,912 110,612
ISee note marked "V* on next page.
© Comprises pulp used in the producing mills and shipments to the market.
' Revised.
m fRevised series. Production of wood pulp, except soda pulp, for 1936 has been revised to conform with the industry totals reported by the U. S. Pulp Producers' Association for that year. For these items, consumption and shipments have been adjusted to the revised production figures by the Survey of Current Business. For the same
items, data on production and consumption and shipments for 1935 adjusted to census data for that year will appear in a subsequent issue. Pending publication of these
figures, data shown in monthly issues starting with March 1937 can be used in conjunction with earlier data shown in the 1936 Supplement without serious error. Figures
on stocks have not been adjusted through December 1936. All wood-pulp data except soda pulp, starting with January 1937 are based on the reports of 145 identical mills
(earlier months are for 162 mills) adjusted to compare with thefiguresfor earlier periods. Data on soda pulp (production and consumption and shipments) have been adjusted
to FRASER
the 1935 census by the Survey; earlierfiguresappeared in the 1936 Supplement.
Digitized for
52
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
February
April 1937
1937
1936
February
March
April
May
June
July
Novem-1 DecemOctober
August SeptemJanuary
ber I ber
ber
PAPER AND PRINTING—Continued
PAPER-Continued
Newsprint:
Canada:
Exports
..short tons..
Production f
do
Shipments from millsf
do
Stocks, at mills, end of mof
do
United States:
Consumption by publishers
do
Imports
do
Price, rolls, contract, destination (N. Y.
basis)
dol. per short ton..
Production^
short tons..
Shipments from mills.__
do
Stocks, end of month:
At mills
do....
At publishers!
do
In transit to publishers!
do
Paperboard:
Consumption, waste paper
do
Orders, new___
do
Orders, unfilled, end of mo
do
Production^
do
Percent of capacity
Stocks of waste paper, end of month:
At mills
short tons..
In transit and unshipped purchases
short tons..
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams..
Foreign
do
Paperboard shipping boxes:
Shipments, total
mills, of sq. ft..
Corrugated
_
_ do
Solid
fiber
do ,
283.589 234,050 257, 577 278, 368 280,733
' 270; 709 '272,762 '270,363 • 269, 074 301,096
' 263, 512 '269,929 r 278, 529 r268,909 307, 250
' 72, 597 ' 73, 960 T 65, 896 65, 718 ' 59, 439
222, 945
275, 532
251, 256
73,769
184,079
221,325
206,121
' 91, 607
192,894
256.564
243', 811 '258,688
240,164 ' 267, 263
' 94, 204 ' 85, 618
258,288
267, 753
287,131
r
66,107
200, 362
204,689
182, 313
157, 456
183, 974
220, 641
183,399
203, 590
227,216 178, 396 170, 884 168, 289 175,811
262, 580 222,187 205, 704 246,186 238,317
42.50
72, 072
74,824
41.00
72, 249
70, 650
41.00
76, 500
74, 482
41.00
76, 504
77, 714
15,995
241, 926
54,213
r 15, 956
219, 685
' 39, 519
18,163 ' 17, 249
• 202, 838 -189, 054
' 40, 924 ' 48, 663
226, 216
268,843
91,917
271,107
68.4
237, 601
290,854
96, 202
285, 257
69.4
193, 919
204, 376
245,738
297,984
99, 796
295,899
71.8
204,
353
38,167
44, 306
80, 294
9,972
59, 936
4,575
67, 405
9,769
77, 561
10, 241
2,434
2,203
231
1,846
1,653
194
2,019
1,804
215
2,095
1, 873
222
B l a n k forms, new orders
. . t h o u s . of s e t s . . 149,194
Book publication, total
no. of e d i t i o n s . .
1,011
N e w books
....do
815
N e w editions
.do
196
Operations (productive cap.)
1923-25=100..
Sales books, n e w orders
t h o u s . of b o o k s , . . 16, 057
84,853
842
676
166
83
13,033
95,189
953
801
152
82
15,778
101,805
854
718
136
84
15,031
41.00
75, 719
77, 273
41.00
79, 820
74, 838
41.00
73, 361
74,780
41.00
74, 338
72,645
41.00
72, 206
75,599
203,198
260,135
295,833
•286,235
293,539
' 51, 986
286, 233
289, 312
316, 723
' 24, 506
0)
0)
0)
0)
0)
42. 50
' 79,362
r
75,046
41.00
41.00
41.00
81,076 ' 79, 848 80,048
81,771 ' 80,469 '81,910
219, 042 207, 886 191, 408 189,590
(0
182,822
0)
259, 543
286, 991
261,992
49, 505
183,106
238,426
223, 813 198, 264
249,153 278, 991
' 15, 907 r 21, 031 ' 19,907 Tr 20,647 '16,878 ! '16,400 r 15, ogR I ' 14,239
191,162 ' 193,761 ' 201, 731 220,145 232,204 '"236,743 '214,568 '251, 091
45, 868 ' 40, 553 ' 48, 099 ' 42, 309 <• 42, 881 ' 42,106'56,425 ' 54, 294
241, 895 241, 656 249, 402 268, 770 281, 046 306,874 274,332 279, 068
280, 899 290, 098 304, 747 332, 553 353,197 357,783 308, 732 350, 452
92, 784 96, 402 101, 557 117,443 135, 732 138,830 127,193 130, 472
289, 527 288, 682 299, 033 319, 391 328, 519 359,849 321, 624 328,773
79.1
69.4
82.7
79.6
70.5
76.7
75.6
71.0
213, 435 218,330
r
r
18. 673
257, 241
' 49, 043
r
287, 266
369, 950
182, 676
331,386
80.4
199,404 ! 208,259
(0 I
(0
i
90,064
7,864
2,268
2,035
233
76,084
9,479
69,709
7,306
2,188
1,945
242
2,249
1,994
255
76,191
10,176
2,698
. 2, 382
317
79, 469
7,455
85,824
9,377
69, P52
7,327
74, 713
11,492
81,945
0. 294
2,809
2,485
324
2,650
2,392
258
2,281
2,092
189
2. 276
212
2,314
2. 151
164
140,638 |166, 970
841
1,074
732
868
109
206
101
98
16,166
19,139
10G, 944
781
694
87
99
16.959
PRINTING
96, 677 100,725
729
990
602
795
127
195
81
86
15, 581 17,485
107, 837 104,349
890
723
731
575
159
148
86
80
18, 384 16,683
107, 421 129,034
1,195
809
966
690
229
119
94
98
18,513
16.920
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total ft
long tons..
For tires and tubesj
do
Imports, total, including latex
do
Price, smoked sheets (N. Y.)_—dol. per lb__
Shipments, world
long tons..
Stocks, world, end of month
.do
Afloat, total
_ do
For United States
...do
London and Liverpool
do
British Malaya
do
United States
do
Reclaimed rubber:t
£
Consumption
do
Production
do
Stocks, end of month
do
Scrap rubber:
Consumption by reclaimers (quar.).-.do
TIRES AND TUBES %
Pneumatic casings:
Production
thousands. _
Shipments, total..
do
Domestic
do
Stocks, end of month
do
Inner tubes:
Production
.do
Shipments, total
do
Domestic
do
Stocks, end of month
_
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
.thous. of lb_.
MISCELLANEOUS PRODUCTS
Single and double texture proofed fabrics:
Production
thous. of yd..
Rubber and canvas footwear;%
Production, total
thous. of pairs..
Tennis
do
Waterproof...
_
.do
Shipments, total
do
Tennis
.do
Waterproof
_
do
Shipments, domestic, total
do
Tennis
do
Waterproof
do
Stocks, total, end of month
do
Tennis
do____
Waterproof
do
50,482 52,636
36, 746 42, 703 51,897
26, 385 35, 390 36,442 38,168
25,264
34, 874 45, 830 37,050 38,273
44,715 34,339
.159
.159
.154
213
.156
.159
68,671
59,261
65,000 63,353
67,718
65, 756
436,103 599, 355 574, 594 558, 583 533,411 511,931
93,000 85,000 90,000 83,000 89, 000 90,000
53, 538 46, 532 58, 935 47, 678 48, 860 47, 228
63, 760 157,028 147,712 140, 404 130,590 122, 285
86,478 72, 530 61,045
66, 290 59, 866 62, 426
192, 865 284, 797 275, 837 268, 888 253, 955 237, 220
50, 282
13,485
15,192
31,903
7,366
10,188
28, 267
8,768
10,712
21, 774
10,333
11,382
22, 286
10,396
11,512
22,852
11,548
11,935
22, 634
48,127 46, 657 46, 330 49, 509 50,
38,380 35, 823 35,093
36, 520 37,
50, 033 40, 965 38,
41,788
39,843
.163
.165
.
.164
.165
82, 355 70, 249 71,342 80, 552 7
510, 873 492,439 485, 488 478,190 458,
99, 000 96, 000 106, 000 106,
106,000
73,
60, 343 63, 597 62, 240 67,825
113,386 108, 215 103, 962 96, 625 88,
60, 287 59,534 60,
63, 838 63,138
227, 649 222,086 225, 239 216,031 203,
11,816
12,330
22, 521
10,993
12,856
23,749
12,606
14, 737
26, 389
12,029
14,357
28,135
12,984
15, 938
30, 572
13,366
15,129
31, 610
33, 741
31.033
4,342
11,171
12,959
24,950
49,620! 48, 744
37,179 i
51,382 ' 43, 339
.200
.214
79, 000 ' 71,000
448,414 r 446,087
103, 000 ' 98, 000
56, 567
55. 096
78,462
71, 062
62,114
78,276
204, 838 198, 749
3,577
3,211
3,142
9,265
3, 856
3,784
9,087
4,854
4,903
4,836
9,034
4,971
5,832
5, 752
8,176
5,610
5,792
5,711
7,833
5,465
5,744
5,678
7,746
5,014
4,976
4,911
7,793
4,981
3,836
3,768
9,005
5,125
4,081
4,012
10, 089
4,969
4,232
4,162
10,814
I 5,308
I 5,015
I 4,925
i 11.105
3,556
3,446
3,393
3,787
3,796
3,737
4,824
4,746
4,681
4,819
4,919
4,853
8,719
5,035
5,504
5,442
8,105
5,177
5, 758
5,544
7,725
5,039
5,136
5,093
7,621
5,161
4, 231
4,031
8,627
5,397
4,108
4,055
9,977
4,739
3,995
3,948
10,732
5,121
4,819
4.754
10, 985
14,888 ' 16,564
20, 458
21,110
22, 833
22, 532
21,175
20,974
21,690
21,744 | 22,649
2,759
3,268
3,869
3,268
3,526
3,667
4,145
4,849
4,650
3,672
3,953
3,884
5,231
2,498
2,732
4,818
1,929
2,890
4,788
1,915
2,873
14,957
7,305
7,652
5,905
2,937
2,969
5,041
3,019
2,022
5,011
2,997
2,014
15,804
7,207
8,597
5,876
5, 227
2,058
3,170
4,429
3,333
1,096
4,399
3,309
1,090
17, 497
5, 289
12, 208
5,659
2,018
3,641
4,334
2,791
1,543
4,290
2,751
1,539
18,822
4,519
14,303
4,571
1,244
3,327
5,431
2,034
3,397
5,407
2,018
3, 390
17,962
3,729
14, 233
5, 588
1,377
4,212
6,877
1,443
5,435
6,851
1,420
5,431
16,626
3,615
13,010
6,003
1,150
4,853
8,063
1,481
6,582
8,039
1,465
6,574
14, 567
3,286
11,281
6,751
1,280
5,471
7,897
796
7,102
7,844
751
7.093
13, 430
3,780
9,651
6,496
1,461
5,035
6,502
588
5,914
6,464
557
5,90S
13,425
4,654
8,771
1.951
5,648
7,409
1, 295
6,114
7,373
1, 265
6,108
13, 615
5,310
8.305
5,898
2,418
3,480
6. 018
2. 639
3,379
5, 954
2,603
3, 351
13, 454
5,108
8,346
4,970
3,519
1,451
4,928
3,480
1,447
16, 699
6,565
10.134
r
Revised.
* D a t a no longer collected b y the Bureau of the Census.
I F o r d a t a raised to Industry totals, see t h e 1936 Supplement. Figures shown here are as reported; these were also given in the 1936 S u p p l e m e n t .
fRevised series. For crude rubber consumption, revisions in 1935 not shown in the J a n u a r y 1937 issue or in the 1936 S u p p l e m e n t will appear in a subsequent issue.
D a t a for newsprint (Canada) revised for 1936. Revisions for J a n u a r y are as follows: P r o d u c t i o n , 227,820; s h i p m e n t s from mills, 181,292; stocks, 76,490; stocks at publishers,
(U. S.), 238,309, a n d in transit to publishers, 35,519. Revisions, for earlier years for stocks at publishers a n d in transit to publishers will be shown in a subsequent issue.
J D a t a are raised to i n d u s t r y totals; see the note explaining these series in the 1936 Supplement.
53
SURVEY OF CURRENT BUSINESS
April 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the February
1936 Supplement to the Survey
1937
1936
February
March
April
June
May
July
Decem- January
October NovemAugust September
ber
ber
STONE, CLAY, AND GLASS PRODUCTS
BRICK
Price, wholesale, composite, f. o. b. plant
dol. perthous..
Shipments
thous. of brick
Stocks end of month
-- - do
Face brick:*
Shinments
- - do
Stocks end of month
do
Vitrified paving brick:
11.599
44,736
405,866
11.685
109,641
363,932
11.691
154,473
322,719
11.738
171,418
335,768
11.777
172,892
368,638
11.779
170,135
398,870
11.775
172, 748
417,660
11.813
173,723
419,872
11.788
189,104
433, 730
11. 777
163, 246
450,194
11.818
141,080
456, 543
11.889
107, 777
442, 209
9,940
297,175
36,475
288,835
51,642
278,152
65,694
269,004
67,340
264,056
63,049
264,335
58,946
270,048
58,797
269,206
60,877
269,685
46,991
276, 793
36,970
289, 657
30, 435
298, 784
2,052
79,677
4,856
79,408
7,858
76,073
8,972
75,447
11,476
71,800
10,920
68,380
8,724
70,683
10, 800
71,400
11,614
68,319
9,738
64,034
5,099
62, 554
3,146
61, 369
1.667
5,837
29.6
5,163
25, 069
6,795
1.667
3,475
16.4
3,177
22,971
5,590
1.667
5,311
23.4
7,186
21,126
5,625
1.667
8,612
39.2
9,182
20,571
5,328
1.667
11,104
48.9
11, 240
20,431
5,071
1.667
11, 377
52.3
12, 521
19,281
4,912
1.667
11, 503
51.3
11, 823
18,975
5,079
1.667
12, 599
56.2
12, 624
18, 920
4,931
1.667
12, 347
57.1
12, 619
18,738
4,838
1.667
12,470
56.0
13,089
18,079
4,980
1.667
10,977
50.9
8,942
20,117
5,180
1.667
8,971
40.3
6,246
22, 441
5,564
1. 667
6,633
30.4
r 4, 680
r
24, 394
' 6,160
Bathroom accessories:
Production
.,
... .number of pieces.. 652, 251
Shipments
»
..do _ 633, 059
Stocks, end of month »_ __
do__._ 415, 324
290, 290
235,499
395, 041
361, 799
321,106
425.365
426, 292
377,971
455,938
482,953
461, 334
458,916
555,949
550,875
443, 222
722, 763
716, 715
431, 774
677,152
650, 883
428,162
792, 220
747, 459
441,989
938,135
908, 603
434,296
973,750
964,479
427, 509
726,183
679, 623
442, 507
793, 568
768, 774
416, 742
3,880
73.8
3,767
7,459
3,047
55.4
3,031
8,410
3,339
58.4
3, 434
8,270
3,604
63.0
3,604
8,224
3,810
69.3
3,996
7,942
3,898
68.1
3,999
7,792
3,844
67.2
4,179
7,488
4,403
77.0
4,346
7,422
3,994
72.6
4,345
7,015
4,250
72.2
4,310
6,828
3,880
74.2
3,611
7,006
4,033
71.2
3, 675
7,291
4,039
71.3
3, 881
7,393
2,473
2,894
2,849
2,688
3,935
18, 676
1,853
1,883
2,148
1,978
4,045
13, 857
2,110
1,904
1,866
1,913
3,887
16, 057
2,381
2,109
2,039
2,127
3,916
19,455
2,193
2,189
2,085
2,086
3,954
19,192
2,355
2,274
2,171
2, 250
4,009
16, 244
2,356
2,474
2,138
1,999
4,135
16,428
2,594
2,620
2,154
2,374
3,123
18, 710
2,899
2,783
2,591
2,684
3,056
19,553
3,433
3,057
3,106
3,095
3,103
' 20,843
r 3, 150
r 3, 102
' 3, G87
r 2,980
' 3, 236
13, 084
r 2,926
' 2, 953
r 3, 354
' 3,075
' 3,421
7,371
' 3, 515
3, 518
r 3, 193
* 2,830
r 3, 739
6,373
Stocks end of month
11. 941
do
PORTLAND CEMENT
Price, wholesale, composite
Production
-
-dol. per bbL.
thous. of bbl__
Shipments
-- - thous. of bbL.
Stocks finished end of month
. do
Stocks' clinker, end of month
do
CLAY PRODUCTS
GLASS PRODUCTS
Glass containers:
Production
Percent of capacity
thous. of gross..
Stocks, end" of month
thous. of gross..
Illuminating glassware:
Orders:
New and contract
number of turns_.
Unfilled, end of month
do .
Production
_. ._
do
Shipments
do
Stocks, end of month
. do _
Plate glass, production..
thous. of sq. ft..
GYPSUM (QUARTERLY)
Crude:
Imports
short tons
Production. _
_
do
Shipments
do
Calcined, production
_
_.do
Calcined products, shipments:
Board, plaster, and lath
thous. of sq. ft..
Hoard wall
do
Cement, Keone's
short tons
Plasters, neat, wood fiber, sanded gauging
finish pfo
short tons
For pottery, terra cotta, plate glass, mixing
olants, etc.
short tons,.
Tilp partition
thous of so ft
.
7,735
355, 875
93,338
310, 448
169,477
733,729
227,330
545,758
251,668
863, 234 - - - - - 265, 849
617, 487
248,109
723, 319
206, 586
523, 389
57, 818
60, 361
5,768
116,259
96, 097
9,676
147, 818
83,810
9,776
134,962
82, 363
7,948
205,353
370 181
421, 740
340, 463
38, 834
2,716
50, 252
3 960
52,692
4,946
47, 733
4 413
r
TERRA COTTA
Orders, new:
Quantity
Value..
short tons
thous. of dol..
3 612
243
1,105
138
1,050
146
1,945
215
1,390
159
1,706
202
975
110
1,507
189
1,120
134
982
120
1,492
128
1,372
171
r 819
••103
21,952
327,112
48,330
318,059
68, 536
310,262
78,774
312,141
89,415
311,830
90,521
306,998
95,106
303,043
89,264
309,960
92,643
315,242
71,919
333,108
62,418
344, 131
51.297
349,103
9,983
9,322
•21,182
10,828
10,111
11,156
12,117
' 20,344 '19,263
TILE
Hollow building tile:
Shipments
Stocks, end of month
short tons..
do
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.
Shipments._
do,__
Stocks, end of month__
do...
9,252
8,662
19,951
9,832
10,420
19,464
10, 201
10,176
19,589
9,270
9,379
19,581
COTTON
604
516
551
531
577
Consumption
_
thous. of bales..
352
406
405
463
353
Exports (excluding linters)
..do
Oinnings (total crop to end of month indicated)
10,420
thous. of bales..
16
Imports (excluding linters)
do
20
Prices:
.112
.124
.110
.109
.112
To producer
dol. per lb_.
.114
.131
.116
.117
Wholesale, middling (New York)
do
.117
Production (crop estimate)
thous. of bales..
Receipts into sight
do
652
496
437
381
Stocks, end of month:
8,022
8,653
7,907
7,179
Domestic, total
*
do
1,337
2,056
1,405
1,190
Mills
do....
1,090
6,570
5,990
5,966
7,248
5,239
Warehouses
do
6,825
6,540
6,025
7.457
7,385
World visible supply, total
do
4,992
4,574
4,121
5,591
American cotton
-do
i 4,984
r
Revised.
* New series. Data on face brick shipments and stocks, compiled by the U. S Department
prior to the January 1937 issue. Data beginning January 1934 will appear in a subsequent issue.
9,479
8,847
20,314
607
156
12
.114
.120
310
5, 514
989
4,524
5,423
3,579
.126
.132
574
182
570
646
861
627
690
1,374
13
6,031
9
9,880
10
11,494
9
.122
.123
.125
.123
.122
.123
.120
.122
201
4,834
897
3,938
4,899
3,091
11, 566 10, 716 11,280
12,235
11,054
10,846
18,801 • 18,879 • 19, 312
5,089
752
4,337
4,748
2,910
3,510
2,236
7,655
849
6, 806
6,378
4,578
9,431
1,403
8,028
7,679
5,845
10, 211
1,792
8,418
8,151
6,271
693
594
11, 705
16
. 123
.128
12, 407
1,149
9,790
2,001
7,788
8,002
6,038
11,364
9,845
20,830
678
538
11,957
15
.124
.130
648
2,066
6,779
7,812
5,525
of Commerce, Bureau of the Census, supersede those shown in the Survey
54
SUEVEY OF CURKENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
February
April 1937
1936
February
March
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton cloth:
Exports
thous. of sq. yd— 15,892
Imports
d o — 19,278
Prices, wholesale:
.076
Print cloth, 64 x 60
dol. per yd..
Sheeting, brown, 4 x 4
do
Cotton cloth finishing:
Production:
Bleached, plain
thous. of yd._ 110,442
88,711
Dyed, colors
do
4,457
Dyed, black
do
83,896
Printed
do
Stocks, end of month:
180,796
Bleached and dyed
do
78,715
Printed..
-do
Spindle activity:
Active spindles
thousands.- 24, 536
8,353
Active spindle hrs., totalmills, of hrs—
308
Average per spindle in place..
.hours..
144.8
Operationsper. of capacity..
Cotton yarn:
Prices, wholesale:
.344
22/ls, cones (Boston).dol. per lb_.
.482
40/ls, southern spinning
do
RAYON AND SILK
Rayon:
Deliveries, index:
549
Unadjusted
1923-25=100482
Adjusted
do
3-mo. moving average
do
2,095
Imports
thous. of lb—
Price, wholesale, 150 denier, " A " grade
.60
(N. Y.)
.
dol. per lb—
Stocks, producers, end of mo.
0.1
no. of months' supply..
Silk:
Deliveries (consumption)
bales.. 38,484
6,472
Imports, raw
thous. of lb._
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
1.993
dol. per lb—
Stocks, end of month:
Total visible supplyt
bales- 152,808
49, 408
United States (warehouses)
do
15,392
8,799
21, 745
12,316
19, 685
9,836
18,840
16,843
14,624
18, 527
4,705
24,412
5,802
14,387
7,098
15,359
8,034
12, 843
9,648
13, 750
15,123
14,502
15,591
.056
.071
.055
.070
.053
.067
.051
.065
.054
.066
.059
.072
.059
.075
.060
.075
.068
.077
.077
.080
.080
.086
.081
92,807
90,390
4,118
91,860
107,893
101,739
4,140
95,274
104,837
103, 305
4,087
91,074
105,062
98,345
4,364
89,518
104,630
90,398
4,675
101,904
91,620
6,357
91,273
104,667
100,061
7,690
91,157
107,706
100,042
6,420
86,514
121,419
105, 698
5,831
105,188
88,383
4,767
83, 760
123,125
101,301
5,670
91,839
•115,127
' 98,409
' 5,117
' 93,082
198, 508
103,179
183,292
99,684
187,333
93,275
191,956
103, 419
188,124
105,782
135,548
94,557
154,264
88,815
171,340
86, 798
166,771
80, 329
172, 559
79,152
183,108
83,691
179,435
79,109
23,348
6,735
233
105.2
23,182
7,254
251
107.9
23,119
7,313
255
110.7
23,021
7,320
259
111.0
23,252
7,855
279
119.8
23,434
7,573
270
115.8
23, 514
6,896
242
105.2
125.8
23, 638
8,328
298
123.3
23,806
7,997
288
129.9
24,090
8,679
313
134.5
24,365
8,587
315
137.7
.290
.459
.278
.435
.274
.426
.271
.426
.271
.413
.295
.426
.301
.430
.303
.444
.304
.448
.311
.452
.341
.483
.347
.513
517
454
447
611
422
399
423
346
433
416
420
551
428
446
495
683
498
623
626
614
808
672
633
686
594
2,441
537
387
483
2,072
504
475
494
538
611
583
562
662
-•607
••537
••548
564
1,242
1,113
1,513
1,540
1,494
.57
.57
.57
.57
.58
.60
.60
.60
.60
.60
1.1
1.1
36,000
3,480
34,564
4,647
0.2
40,401
7,214
0.1
41, 627
7,275
0.1
44,198
7,413
160,944
50,544
1.1
32, 053
5,518
1.2
32, 087
4,066
0.4
0.3
42, 016
6,315
45, 709
6,900
0.3
43,093
6,953
1,756
1.935
155, 253
29, 553
157, 500
30, 300
165,713
40, 713
180,114
44,414
21,477 125,861
' 9, 207 • 11,880
19,639
23, 550
• 23,927
1
1.0
31,437
4,143
0.7
36,658
4,753
1.784
1.733
1.682
1.600
1.597
1.714
1.791
179,380
64,680
167,689
53,689
161, 498
150, 266
40,066
135,609
35, 409
145,439
30,139
156,125
29, 825
25,722
12,814
46, 292
24, 666
7,357
21,212
20,209
7,424
25, 298
20.554
8,792
23,883
• 24,785
r
9, 058
16,079
• 23,030
123
r 116
93
106
WOOL
Consumption of scoured wool: J
Apparel class
thous. of lb__
Carpet class
do
Imports, unmanufactured
do
Operations, machinery activity:
Combs
percent of active hours to total reported._
Looms:
Carpet and rug
do
Narrow
do
Broad
do
Spinning spindles:
Woolen
do
Worsted
do
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb,_
Raw, Ohio and Penn.,
fleeces
do
Suiting, unfinished worsted, 13 oz. (at
factory)
dol. per yd__
Women's dress goods, French serge, 54" (at
mill)
dol. per yd—
Worsted yarn, 32's, crossbred stock (Boston)
dol. per lb__
Receipts at Boston, total
thous. of lb__
Domestic
do
Foreign
do
Stocks, scoured basis, end of quarter, total
thous. of lb—
Woolen, total
do
Domestic
.
do
Foreign
do
Worsted, total
do
Domestic
_
do
Foreign
do
r
8,539
17, 546
72
93
48
34
76
48
36
74
56
43
73
87
57
87
57
97
.37
.87
.37
.90
.38
.39
72
59
100
111
17, 297
20,075
' 6, 945 ' 7,191
17,207
17, 541
'94
'70
1.07
.50
.92
.42
.42
2.005
1.733
1.742
1.782
1.782
1.782
1.188
1.101
1.114
1.114
1.114
1.114
1.50
38, 618
2,407
36, 212
1.33
18, 581
4,576
14,006
1.33
22, 258
4,845
17, 413
1.30
20, 495
6,071
14,424
1.28
25, 599
21,761
3,838
1.30
54,421
50, 424
3,997
105,096
44, 667
32, 003
12, 664
60, 429
28, 470
31, 959
95
97
' 9,937
25, 548
27,851
•11,355
29, 037
28,814
12,802
46,890
109
123
116
64
42
82
67
52
94
64
56
97
110
92
105
65
.38
.89
.38
.90
.39
.98
.43
1.06
.49
1.11
.52
1.745
1.634
1.634
1.652
1.782
1.955
1. 955
1.114
1.114
1.074
1.064
1.101
1.139
1.151
1.29
66,708
64, 300
2,408
1.28
21,694
20,101
1,592
1.26
16,156
13,153
3,004
1.25
15, 478
12, 060
3,418
1.34
20,280
15,515
4,766
1.47
18,911
6,139
12,772
1.49
28, 602
5,126
23, 476
126,846
44,574
35, 350
9,224
"" 272
65,161
17,111
147, 057
48, 747
38, 024
10, 723
98, 310
72, 874
25,436
128,134
44,076
33,711
10,365 i
84,058 |
44,201 j
39,857 i
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacityStocks, end of month
thous. of gross.
Fur, sales by dealers.
thous. of dol.
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of mo.thous. linear yd.
Pyroxylin spread.
thous. of lb.
Shipments, billed
thous. linear yd.
6,612
53.7
7,956
3,761
53.4
7,989
4,045
51.9
8,003
4,053
51.2
8,046
3,857
50.5
8,061
3,133
42.6
7,690
3,433
55.2
7,660
3,575
56.0
7,550
2,808
61.0
7,461
2,297
62.2
7,395
2,850
66.3
7,349
3,941
4,731
6, 498
5,806
1,943
3,894
3,876
2,475
5,121
4,689
2,459
5,647
5,118
2,273
5, 423
5,013
2,000
4,930
4,608
2,460
4,686
4,501
2,612
5,375
4,972
2,668
6,087
5,232
2,410
6,081
5,408
2,684
5,321
5,094
3,633
5,648
5,495
r
^Preliminary.
Revised.
t Revised series. For data for period July 1930-December 1936 see table 11, p. 20 of the February 1937 issue.
i Data forApril, July, and October 1936, and January 1937 are for 5 weeks; other months, 4 weeks.
r
58.4
6, 725
4,110
5,965
5,618
55
SUEVEY OF CUERENT BUSINESS
April 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1936
1937
February
February
March
April
May
June
July
1937
DecemOctober NovemAugust September
ber
ber
January
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total f—
Commercial (licensed) f
Military (deliveries) f
For export f
numberdo...
do—
do...
151
75
41
35
209
99
308
201
72
35
394
240
73
81
263
136
59
24
233
106
95
32
4,573
3,537
7,603
1,607
3,726
3,108
5,222
3,945
4,424
4,545
3,367
25,959
16,046
9,913
28.920
18.921
26,053
17, 723
8,330
28,575
17,727
10,848
24,042
14,987
9,055
22, 525
12, 714
9,811
172,982 176,316
116, 297 116,569
55, 705 58,695
1,051
980
189,481 180,665
186,550
125,916
59,606
1,028
174,277
48
32,496
56
35,110
20
247
120
96
31
207
99
76
32
267
107
95
65
3,414
2,335
3,514
2,153
2,886
1,822
5,132
4,715
3,904
2,772
5,250
3,330
15,728
8,323
7,405
10,939
4,564
6,375
16, 720
9,894
6,826
27,428
20,032
7,396
35, 289
24,788
10, 501
32, 691
20,099
12, 592
107,837 141, 036
70, 572 94, 075
36, 598 46, 055
906
667
129,829 180, 422
102, 021
61, 437
40, 045
539
154, 260
260
45
61
212
124
AUTOMOBILES
Exports:
Canada:
4,424
Assembled, total._
number.
Passenger cars..
.do...
2,339
United States:
Assembled, total
do...
27,528
Passenger cars..
..do...
17,014
10,514
Trucksdo...
Financing:
Retail purchasers, total
.thous. of dol._
New cars
do.
Used cars
.do.
Unclassified
do.
Wholesale (mfrs. to dealers)
do.
Fire-extinguishing equipment, shipments:
Motor-vehicle apparatus
number..
58
Hand-type..
_
do.
39, 654
Production:
Automobiles:
Canada, total...
do.
19,707
Passenger cars_
_do
14,415
United States, total
do.
363,930
Passenger cars
do.
296,487
Trucks
do.
67, 443
Automobile rims
thous. of rims..
2,022
Registrations:
New passenger cars
number_. *206,000
New commercial cars
do
* 41,000
Sales (General Motors Corporation):
51, 600
To consumers in U. S
__do_
To dealers, total.__
do.
74, 567
49, 674
To U. S. dealers..
do.
Accessories and parts:
Shipments, combined index..Jan. 1925=100-.
Accessories for original equip
do.
Accessories to wholesalers
do.
Replaeement parts..do.
Service equipment
do.
87,169 143,515
55, 232
31,432 48,044
505
807
113,830 154,147
42
23,531
52
30,639
53
32,430
168, 685 140, 436 122,158 100,696
112, 795 91, 206 76, 563
54,980
48,368 44,768 41,580
828
910
861
630
162,404 127,032 55,341
72,086
67
38,560
36,573
31,105
64
34,309
60
31,440
71
35,106
50
39,001
13, 268 18,021
10,853 14,488
287,606 420,971
224,816 343,523
62,790 77,448
1,841
1,261
24,951
20,006
16, 400 10,475
20,247
16,389
13,126
8,192
502, 775 460, 565 452,955 440,999
417,133 385, 507 375,894 372,402
85,642
75, 058 77,061
68,597
2,258 «• 2, 959 1,876
1,716
19, 583
15,009
379, 843
309, 594
70, 249
2,124
176, 668 301, 272
40,301 ' 52,430
96,134 181, 782
144,874 196, 721
116, 762 162,418
397,190
' 64, 957
200,117
229,467
194,695
392, 750 369, 423
62,183 ' 56,851
194, 628 189, 756
222,603 217, 931
187,119 186,146
• 280, 615
r 47, 609
123
127
160
116
84
149
160
120
109
97
162
181
130
125
104
150
163
110
130
113
157
166
112
151
115
4,655
4,660
5,361
10,812 20,411
2,481
3,051
4,592 10,086
16, 542
271, 291 135,130 224,628 394,890 498, 721
209, 754 90, 597
341,456 426, 019
61, 537 44, 533 33, 940 53,434 72, 702
935
1,104
2,173
1,942
1,847
357, 490 262,912
171,319 223, 560 327, 303
59, 222 54,611 41,207 30, 222 ' 42, 205
63,695
163,459 133,804 85,201 44, 274 155, 552 173, 472
19, 288 90, 764 191, 720 239,114
204,693 121,943
4,669 69,334 156,041 197,065
177,436 99, 775
136
145
88
148
109
110
108
75
147
106
114
108
98
153
105
138
144
99
158
109
150
167
96
139
103
164
198
83
113
91
92,998
103, 668
70,901
154
178
93
116
99
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars owned & on order, end of mo.:
Owned:
Capacity
mills, oflb.
Number
thousands.
In bad order
numberPercent in bad order
Orders, unfilled
cars.
Equipment manufacturers
do.._
In railroad shops
do__.
Loeomotives owned and on order, end of mo.:
Owned:
Tractive effort
mills, of lb.
Number
.
Awaiting classified repairs
numberPercent of total
Installed
numberRetired
do...
Orders, unfilled
do__.
Equipment manufacturers
do_..
In railroad shops
do._.
Passenger cars:
Owned by railroads
do
Unfilled orders
do...
169, 892
1, 738
201,960
11.7
39, 729
31, 214
8,515
2,164
43,879
7,142
16.3
30
132
375
23
172,939 172,620
1,784
1,780
254, 598 249,296
14.5
14.2
12, 629 13,478
4,052
5,471
8,577
8,007
2,197
45, 088
9,556
21.2
46
138
37
30
7
2,194
45,009
9,642
21.4
53
132
52
40
12
172, 460 172,341 172,156 172, 033 171, 934 171,700 171, 710 171, 586 170, 410 • 170,109
1,772
1,778
1,776
1,767
I, 745
1,769
1,759
1,762
1,763
' 1, 741
253,125 260,013 254,447 258,198 256, 903 241, 573 226,095 217,243 205,146
205, 500
14.6
14.5
14.9
14.7
11.9
12.5
14.8
13.0
13.9
11.9
25, 311 24,373
15, 683 22,964
20,530
33, 608
18, 434 13, 291 16, 579 23, 421
10,974
17, 755
7,035
14, 646 15, 907 15,092 12,924
7,251
27, 414
11, 787
9,404
5, 666
5,605
8,318
7,606
8,648
6,040
9,281
6,194
6,647
2,193
44, 966
9,610
21.4
60
103
52
40
12
2,189
44, 835
21.0
65
40,199
65
2,186
44, 743
9,119
20.4
91
184
67
59
2,185
44, 682
8,906
19.9
60
124
65
57
2,182
44, 564
8,736
19.6
53
171
43
35
8
39,912
139
2,179
44,451
8,369
18.8
106
215
50
44
6
2,176
44,314
7,929
17.9
57
223
67
64
3
2,173
44, 208
7,782
17.6
58
157
111
102
• 39, 705
183
2,167
44, 035
7,350
16.7
57
250
297
279
18
' 2,160
r 43,981
7,228
16.5
95
119
362
339
23
39, C02
177
(U. S. Bureau of the Census)
Locomotives:
Orders, unfilled, end of mo., total
Domestic
Electric
Steam
Shipments, domestic, total
Electric
,
Steam
Industrial electric (quarterly):
Shipments, total
Mining use
._
do
do
do
do
do
do
do
101
95
33
62
4
416
412
31
381
9
0
106
100
33
67
5
0
5
..do
..do
114
111
35
76
11
2
9
115
112
37
75
12
3
9
106
101
35
66
18
2
16
104
103
113
102
39
63
13
2
11
125
117
36
81
7
4
330
321
34
287
79
79
368
364
31
333
21
3
18
387
384
30
354
16
3
13
109
104
(American Railway Car Institute)
Shipments:
Freight cars, total
Domestic
Passenger cars, total
Domestic(Railway Age)
New orders:
Freight cars
«.
Locomotives
Passenger c a r s . .
Preliminary.
do
do
do
do
2,644
2,615
28
28
430
430
0
0
189
186
4
4
2,168
2,066
5
5
2,514
2,299
5
5
2,172
2,056
12
12
1,930
1,924
0
0
,__do.
do.
do.
10,532
33
154
7,236
46
37
627
13
0
3,650
15
50
9,677
10
0
4,320
24
20
4,469
9
34
' Revised.
3,854
3,804
2
2
4,964
4,963
1
1
5,205
5,205
40
40
3,799
3,799
16
16
3,513
3, 483
12
12
2, 846
2,766
2
2
3,225
3,100
1,550
1,310
3
24
22
174
0
0
5
50
t Revised series. For 1936 revisions see p. 55 of the M a r c h 1937 issue.
17, 230
88
34
10,881
46
70
56
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
April 1937
1936
Febru- I February I ary
March
April
July
June
May
1937
Decem- January
ber
October
August
TRANSPORTATION EQUIPMENT—Continued
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments, total
number..
Domestic
do
Exports _
do
SHIPBUILDING
United States:
Vessels under construction, all types
thous. gross tons.Steam and motor
do
Unrigged
- do
Vessels launched, all types
gross tons..
Powered:
Steam
- .
do
Motor
_
do
Unricjsed
do
Steel
- -do
Vessels officially numbered, all types
gross tons..
Steel
.
.do
World (quarterly):
Launched:
Number
. - -.
ships
Tonnase
thous gross tons
Under construction:
Number
ships
Tonnage
thous. gross tons
3
1
0
1
4
0
4
1
0
1
3
0
3
6
0
6
8
0
8
3
2
1
2
0
2
7
1
6
3
1
2
9
3
6
o4
142
126
16
75
71
4
89
86
3
112
99
13
91
86
5
88
84
4
113
110
3
125
115
10
112
101
11
124
113
11
311
103
8
129
122
7
152
146
6
133
76
57
12, 277
137
78
59
10, 543
154
86
68
26,929
154
91
63
25, 507
154
94
60
5,161
213
132
81
3,911
221
169
52
9,999
210
159
51
23,282
201
151
50
24,007
223
153
70
12, 298
248
180
68
24, 048
237
163
73
21, 600
7,500
100
4,677
12, 277
0
1,699
8,844
10, 543
7,300
905
18,724
26,929
8,850
576
16,081
25,161
0
125
5,036
5,036
0
475
3,436
3,436
0
1,441
8,558
9,758
9,300
0
13,982
23,282
7,451
810
15, 746
24,007
9,874
250
2,174
12,098
16,614
297
7,137
24, 048
17,571
4,029
21, 600
18, 429
17, 297
20, 898
13,386
21,321
8,024
24, 442
15, 442
22, 040
12, 885
15,949
11, 407
14,118
3,992
5,953
2,857
44,091
33, 423
31,871
22,607
44, 737
14, 879
36, 591
20, 791
oco
RAILWAY EQUIPMENT—Continued
(U. S. Bureav of Foreign and Domestic Commerce)
Exports of locomotives, total
number..
Electric
-.
do
66, 628
17, 557
148
394
230
467
258
516
253
684
537
1,820
588
1,951
581
2,111
618
2 251
4
o
CANADIAN STATISTICS
Physical volume of business: f
Combined index._,_.
1926=HXL_
Industrial production:
Combined index
do
Construction
do
Electric power..
do
Manufacturing
do
Forestry
_
do
Mining
..do
Distribution:
Combined index
do
Carloading
.-do
Exports (volume)
_do
Imports (volume)
_
do
Trade employment
do
Agricultural marketings;
Combined index
do
Grain
do
Livestock...
do
Commodity prices:
Cost of living
.._do
Wholesale prices
do
Employment (first of month):
Combined index
do
Construction and maintenance
do
Manufacturing
do
Mining
...do
Service
do
Trade
do
Transportation
do
Finance:
Banking,:
Bank debits
..mills, of dol..
Interest rates
1926=100..
Commercial failures
number..
Life insurance, new paid for ordinary
thous. of doL_
Security issues and prices:
New bond issues, total
-do
Bond yields..
_.percent-Common stock prices
1926=100..
Foreign trade:
Exports, total
thous. of dol._
Imports
_
do
Exports:
Wheat
.
thous. of bu._
Wheat
flour.
thous. of bbl._
Railways:
Carloading
thous. of cars..
Financial results:
Operating revenues
thous. of doL.
Operating expenses
do
Operating income
do
Operating results1.
Freight carried 1 mile
mills, of tons..
Passengers carried 1 mile
mills, of pass-.
Production:
Electrical energy, central stations:
mills, of kw.-hr._
Pig iron
-thous. of longtons.Steel ingots and castings
do
Wheat
flour
thous. of bbl_.
115.0
104.8
104.0
111.0
107.6
111.1
110.8
113.5
120.0
121.5
118.0
118.4
116. 9
117.7
45.5
225.3
116.4
138.1
170.1
105.0
44.5
196.3
100.8
111.2
165.6
105.2
52.4
210.4
102.2
116.0
142.9
113.1
39.3
223.0
110.7
125.6
174.1
108.5
39.5
210.3
106.4
116.3
165.5
113.0
48.2
215.8
111.3
124.1
160.6
112.0
43.7
215.8
109.5
124.2
169.0
115.8
37.9
212.4
114.8
121.9
180.8
123.9
44.5
211.0
126.5
128.2
171.7
125.5
44.0
225.7
129.0
132.4
163.0
121.7
42.7
215.6
125.5
133.0
157.2
121.1
40.8
219.3
123.1
150.4
168.5
119. 4
37.7
223. 5
122.8
149. 9
156. 8
107.2
77.7
97.9
84.4
130.5
104.2
75.2
92.9
82.5
127.3
100.5
72.2
87.8
74.5
124. 2
104.8
74.6
109.8
87.6
125.1
104.9
71.8
106.5
82.9
128.5
105.6
73.6
104.3
88.7
127.8
107.3
79.3
107.9
85.7
128.0
106.9
79.5
117.5
79.0
127.2
108.5
81.6
108.7
85.3
129.1
109.9
78.0
115.8
96.6
130.2
107.4
74.4
106.1
95.7
129.0
110.6
85.0
107.6
93.5
129.5
109.8
79.4
107.4
93.3
131.2
31.4
17.9
91.7
59.1
51.3
94.3
77.1
73.5
93.0
81.1
77.9
95.0
149.5
163.5
86.7
45.1
32.4
101.8
77.5
74.8
89.2
117.6
124. 5
116.6
120.1
100.9
90.3
89.9
92.2
72.7
67.9
94.0
51.0
40.1
99.6
42.0
29.6
97.2
81.8
82.9
80.1
72.5
80.4
72.4
79.6
72.2
80.0
72.3
80.4
74.4
81.1
77.1
81.4
77.2
81.7
79.7
81.6
81.3
78.2
99.5
129.1
117.5
123.1
78.9
97.4
71.8
101.1
128.2
118.5
121.0
78.5
102.0
87.0
103.4
132.1
123.0
127.1
85.4
104.6
97.4
104.7
134.1
131.7
127.3
87.1
81.0
76.2
105.6
102.9
104.9
137.9
135.8
126.3
88.7
81.1
76.4
98.4
74.4
98.5
129.4
116.4
121.6
78.2
80.0
71.8
99.5
79.4
102.7
127.4
120.4
123.3
82.8
107.1
109.0
105.9
140.2
137.5
126.3
89.4
110.1
103.9
109.0
147.9
127.4
129.6
88.3
111.0
99.6
107.7
151.8
124.9
132.0
87.1
110.1
80.1
107.0
150.3
122.4
136.0
8fi.5
103.8
61.2
102.4
145.6
124.8
136.9
81.4
2,767
80.7
131
2,599
77.3
103
2,774
78.5
100
2,979
76.6
91
3,136
73.3
100
2,894
72.0
104
2,619
71.2
87
3,134
3,328
72.2
3,303
71.8
94
3,405
69.7
3,227
70.4
30,240
31,664
30,147
28, 977
732
3.56
75,691
48,681
138, 853 123, 332 103,186
3.86
3.70
3.76
117.4
120.7
115.9
32, 277
32, 573
25, 011
26, 966
30, 092
37,813
47, 826 190,179
3.67
3.51
112.8
113.8
70,692
3.45
114.3
26, 791 177.870
3.41
3.35
114.7
119.5
124, 665
3.46
126.9
51,018
3.44
131.8
94, 279
3.34
129. 2
207, 282
3.37
137.4
62,798
41,597
74, 582
52,681
57,964
42, 217
84, 515
59,121
79, 942
57, 598
53, 821
93, 530
50, 258
89, 582 113,003
52, 983 65,159
122,866
66,169
99, 407
52,996
83, 416
51,883
14, 241
340
13,146
6,752
281
27, 317
449
25, 764
430
25, 913
445
21,157
20, 720
378
26, 917
464
33, 309
409
20,428
475
9,789
314
192
477
186
180
193
190
201
203
222
251
263
220
206
26,050
22, 320
2,586
27,022
23, 789
1,953
26,049
24,049
832
27, 301
25,335
890
28, 637
26,026
1,615
33,103
25, 574
6,609
33, 840
24,700
8,255
29, 034
22,160
5,884
30,108
22,579
6,385
2,081
125
1,990
128
1,775
148
1,941
195
2,364
183
3,055
165
2,721
127
2,376
107
2,161
169
2,165
54
107
1,009
2,083
59
95
1,196
2,029
56
82
1,149
2,021
35
69
1,301
2,020
39
80
1,363
2,042
52
86
1,516
2,381
70
98
1,701
2,262
74
99
1,459
2,325
68
104
1,090
192
22, 597
21,187
339
1,814
117
2,148
62
116
1,000
28, 764
1,938
56
94
1,019
25, 535
22, 465
1,914
2,056
126
2,136
54
101
1,172
2,319
115
1,009
t Revised series; for 1936 revisions see p. 56 of the March 1937 issue.
U. S. GOVERNMENT PRINTING OFFICE; V937
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
52
Acceptances.
_ 31,32
Accessories—automobile
55
Advertising
25,26
Africa, United States trade with
37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
31,32
Air-conditioning equipment
49
Airmail
_
_
26
Airplanes
- 38,55
Alcohol, denatured, ethyl, methanol
39
Aluminum
50
Animal fats, greases
39
Anthracite industry
22,29,45
Apparel, wearing
23,28,30,53
Argentina, United States trade with; exchange; flaxseed stock._
33,37,40
Asia, United States trade with
37
Asphalt
46
Automobiles
22,26,28,30,55
Babbitt metal
__
_
50
Barley
_.
42
Bathroom accessories
53
Beef and veal
-----43
Beverages, fermented malt liquors and distilled spirits
41
Bituminous coal
22,29,45
Boilers and boiler fittings _
49
Bonds, prices, sales, value, yields
35,36
Book, publication.
52
Boxes, paper, shipping
52
Brass
51
Brazil, coffee; exchange; United States trade
with
33, 37,44
53
Brick
_
„.__
32
Brokers' loans.
51
Bronze
24
Building contracts awarded
25
Building costs. _
24,47
Building materials..
22
Business activity index (Annalist)
32,33
Business failures
41
Butter
____
_
_
56
Canadian statistics
44
Candy
38
Canal traffic
35
Capital issues
.
22,38
Carloadings
43
Cattle and calves
40
Cellulose plastic products
30,53
Cement
22, 28,
26,27
Chain-store sales
41
Cheese
Chile, exchange, United States trade with__ 33,37
44
Cigars and cigarettes
29
Civil-service employees
Clay products
28, 30,53
Clothing
23,24,28, 30,53
Coal__
___
22, 29,45
44
Cocoa
Coffee
23, 24,44
45
Coke
27
Collections, department stores
31,32
Commercial paper
38
Communications
Construction:
24
Contracts awarded, indexes
25
Costs
___
25
Highways
31
Wage rates
50
Copper
40
Copra and coconut oil
42
Corn
23
Cost-of-living index
Cotton, raw and manufactures
23,24, 53,54
40
Cottonseed, cake and meal, oil
Crops
23,40,42, 43,53
Dairy products.
____
_ 23,24, 41,42
32
Debits, bank
34
Debt, United States Government
29,30
Delaware, employment, pay rolls
27
Department-store sales and stocks.
32
Deposits, bank
29
Disputes, labor.
36
Dividend payments
47
Douglas fir. _
30,31
Earnings, factory
23,44
Eggs
.
50
Electrical equipment
Electric power, production, sales, revenues. _ 22,41
37
Electric railways
Employment:
29
Cities and States
Factory
_
27, 28,29
29
Nonmanufacturing
«.«
Miscellaneous
29
Emigration
38
Enameled ware
43
Engineering construction
25
England, exchange; United States trade
with
33,37
Exchange rates, foreign
33
Expenditures, United States Government
34
Explosives
39
Exports
.
37
Factory employment, pay rolls
27, 28, 29, 30.31
Failures, commercial
32.33
Fairchild'8 retail price index
23
Page
Fares, street railways
37
Farm employees
29
Farm prices, index
23
Federal Government, finances
34
Federal-aid highways
25,29
Federal Reserve banks, condition of
32
Federal Reserve reporting member bank
statistics
32
Fertilizers
39
Fire-extinguishing equipment
55
Fire losses
25
Fish oils and
fish
39,44
Flaxseed
----,_.____.
40
Flooring, oak, maple, beech, and birch.
47
Flour, wheat
43
Food products..
_._._.
22-24,28,30,41
Footwear
46,52
Foreclosures, real estate
25
Foreign trade, indexes, values
37
Foundry equipment
49
France, exchange; United States trade with. 33,37
Freight cars (equipment)
,
55
Freight carloadings, cars, indexes
38
Freight-car surplus
38
Fruits_-__
23,42
Fuel equipment
49
Fuels
45,46
Furniture
- . _ 47
Gas, customers, sales, revenues
41
Gas and fuel oils
45
Gasoline
45
Gelatin, edible
44
General Motors sales
...
55
Glass and glassware
22,28,30,53
Gloves and mittens
46
Gold
33
Goods in warehouses
,
26
Grains
23,24,42,43
Gypsurn
53
Hides and skins
24,46
Hogs
43
Home loan banks, loans outstanding
25
Home Owners' Loan Corporation
__
25
Hosiery
53
Hotels..
29,31,38
Housing
23
Illinois, employees, factory earnings
29,30,31
Imports
37
Income-tax receipts..
34
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
33
Interest payments
36
Interest rates
32
Investments, Federal Reserve reporting member banks
32
Iron, ore; crude; manufactures
22,48
Italy, exchange; United States trade with.. 33,37
Japan, exchange; United States trade with.. 33,37
Kerosene
45
Labor turn-over, disputes
29
Lamb and mutton
43
Lard
43
Lead
22,50
Leather
....
22,24,28,30,46
Leather, artificial
54
Liberty bonds
35
Linseed oil, cake, and meal
40
Livestock
- 23. 24,43
Loans, agricultural, brokers', time, real
estate
31,32
Locomotives
55
Looms, woolen, activity
54
Lubricants
46
Lumber
__-- 22,24,27,28,47
Lumber yard, sales, stocks
47
Machine activity, cotton, silk, wool
54
Machine tools, orders
49
Machinery.
27,28,30,49,50
Magazine advertising
25,26
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
29,30
Massachusetts, employment, pay rolls
. . . 29,30
Meats
_
43
Metals
_
_. —_ 22-24,27-30
Methanol__._
__.-__
_.
39
Mexico:
Silver production
34
United States trade with
...
37
Milk___
42
Minerals
22,45,50
Money in circulation
33
Naval stores
39
Netherlands, exchange
33
New Jersey, employment, pay rolls
29,30
Newsprint
52
New York, employment, pay rolls, canal
traffic
29,30,38
New York Stock Exchange
35,36
Notes in circulation
32
Oats
,
--_42
Oceania, United States trade with
37
Ohio, employment
:__ 29
Ohio River traffic
38
Oils and fats
39
Oleomargarine
40
Paints
41
Page
Paper and pulp..
23,24,28,30,51,52
Passenger-car sales index
26
Passengers, street railways; Pullman. _ .
37,38
Passports issued
_38
Pay rolls:
Factory.
__, 30
Factory, by cities and State*
.30
Nonmanufacturing industries
- 30,31
Pennsylvania, employment, pay rolls..
30
Petroleum and products___ 22,24,28,29,30,45,46
Pig iron
22,48
Pork
43
Postal business
>__.
26
Postal savings...
32
Poultry
23,24,44
Prices:
Cost of living, indexes
-__. 23
Farm indexes
:
___.
23
Retail indexes
'
23
Wholesale indexes
23,24
World, foodstuffs and raw material
24
Printing..
__.__..
_
28.S0.52
Production, industrial
„22
Profits, corporation
34
Public
finance..
34
Public utilities—
,
24,29,30,36
Pullman Co
38
Pumps
.
49
Purchasing power of the dollar.
24
Radiators
48
Radio, advertising--_26
Railwavs; operations, equipment, financial
statistics
_
38,55,56
Railways, street37
Ranges, electric
50
Rayon
54
Reconstruction Finance Corporation, loans
outstanding
34
Refrigerators, electric, household
50
Registrations, automobiles
55
Rents (housing), index
23
Retail trade:
Automobiles, new, passenger
_, 26
Chain stores:
5-and-10 (variety)
26
Grocery
„_
26
Department stores
27
Mail order
27
Rural general merchandise
27
Roofing
40
Rice
42
Rubber, crude; scrap; clothing; footwear;
tires
22,24,28,30,52
Rye.
43
Sanitary ware
„
48
Savings deposits
32
Sheep and lambs
43
Shipbuilding.„.
22,28,30,56
Shoes
_
22,24,28,30,46
Silk
22,23,24,54
Silver
22,34
Skins
_
46
Softwoods
47
Spain, exchange
33
Spindle activity, cotton
54
Steel, crude; manufactures
22,48,49
Stockholders
36
Stock indexes, domestic and world
23
Stocks, department stores
_, 27
Stocks (see individual commodities).
Stocks, issues, prices, sales
36
Stone, clay, and glass products
22, 28,30,53
Sugar
_
23,24,44
Sulphur
39
Sulphuric acid
39
Superphosphate
39
Tea
23,24,44
Telephones and telegraphs
38
Terneplate
50
Terra cotta
53
Textiles, miscellaneous products
54
Tile, hollow building
53
Timber
47
Tin and terneplate
>
23,-4,50
Tires
22,24,28,30,52
Tobacco___
_ 22,26,28,30,44
Tools, machine
;
.
49
Trade unions, employment
_.
29
Travel..
__.
__ 38
Trucks and tractors, industrial electric
56
United Kingdom, exchange; United States
trade with
33,37
Uruguay, exchange
33
United States Steel Corporation.
._ 31,36,49
Utilities
_._ 29,30,34,35.36,41,55
Vacuum cleaners
.
_...-__...
50
Variety-store sales index
26
Vegetable oils
39,40
Vegetables.
23,42
Wages
_.-_-_
31
Warehouses, space occupied
_,„
26
Waterway traffic
38
Wheat and wheat
flour.
23,24,43
Wholesale prices
-_.
23,24
Wire cloth.
____
_.
51
Wisconsin, employment, pay rolls
29,30 t 31
Wood pulp
_.
51
Wool
22,54
Zinc
22,50
Foreign Commerce
Yearbook: 1936
The 1936 issue of the Foreign Commerce Yearbook continues the
series of annual compilations of foreign economic statistics inaugurated in 1922 and subsequently expanded and systematized. In its
present form the purpose of the Yearbook is to provide in a single
volume the important basic statistical material essential for a study of
current economic developments in foreign countries. The outstanding
facts of trade, production, and market conditions for 63 important
foreign countries are tabulated. In addition there is also presented
comparative world statistics covering climate and population, agriculture, mining, manufacturing, transportation, international trade,
and finance.
404 pages : Price $1.25 (Buckram)
Expansion of Japan's
Foreign Tirade and Industry
Trade Information Bulletin No. 836
The political, social, scientific and economic progress] of Japan since
the emergence of that country from feudalism in 1868 has been one of
the remarkable phenomena of our era. Other countries have made
marked progress since 1868 but in none has the advance in all branches
of human endeavor been so striking or in such contrast to its historic
and racial traditions. The study covers in detail such subjects as the
major problems of the Empire, factors in Japan's competitive position,
foreign trade, geographic distribution of trade, trade promotion activities. An appendix provides statistical tables and a list of principal
sources of information.
72 pages : Price 10 cents
Copies of the above publications may be obtained from the Superintendent of Documents. Remittances
should be by check or money order (stamps not acceptable) payable to the Superintendent of Documents.
They may be sent direct to that official, Government Printing Office, Washington, D. C, or submitted
through any district or cooperative office of the Bureau of Foreign and Domestic Commerce located in
principal cities throughout the country.
@FedFRASER