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AUGUST 1935

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON




VOLUME 15

NUMBER 8




NATIONAL INCOME
for 1934 is discussed in an article on page 16 by Robert R. Nathan,
Chief of the National Income Section of the Division of Economic
Research.
Income paid out in 1934 increased to 49.4 billion dollars, a gain of
11 percent over the year 1933. . . . Every type of income payment, with the exception of interest, was higher. . . . Labor income
was up 14 percent. . . . Property income increased very slightly.
Income paid out in each of the 12 major industrial groups except
1, was higher in 1934, the relative gains ranging from 31 percent in
mining to 3 percent in the communications industry. The only
decline was the drop of 2 percent in the electric light and power
industry.

UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CLAUDIUS T. MURCHISON, Director

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

Volume 15

Number 8

AUGUST 1935

CONTENTS
STATISTICAL DATA—Continued

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

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

SPECIAL ARTICLE
National Income Increased Five Billion Dollars in 1934

16

STATISTICAL DATA
New and revised series:
New series: Employment and pay rolls in the durable and nondurable groups
19
Revised series: Reconstruction Finance Corporation, loans outstanding; electric street railways and busses—operating revenue
and revenue passengers carried
19,20
Copper, production, shipments and stocks 1931-34
20
Weekly business statistics through July 27

21

Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures

38
41
41
45
47
48

Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics

49
51
52
53
55
56
57
58
60

General index

Subscription price of the SURVEY OF CURRENT BUSINESS is 31-50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, 33, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C.


4231—35
1


Page
22
23
24
25
27
31
36
37

Inside back cover

SURVEY OF CURRENT BUSINESS

August 193."

Business Indicators
1923-25=100

INDUSTRIAL PRODUCTION

INDUSTRIAL PRODUCTION
160

160

1OO

TO1^AL (Adjusted))

— ^

4 0 mnl

160

MANUFACTURES
MINERALS (Adjusted)® MAdjusted)9 |
1OO
J\

HIM

I

II11 i 111111 111II In,,, m n l m i ! ! I I I I I I M i l

40 i MI11111

FACTORY EMPLOYMENT AND PAYROLLS

! j || | | | 11 i 1 1 1 I | | | 11

M M ! ; ! I I L L ! [ 1111 i 111 !

CONSTRUCTION CONTRACTS AWARDED
200

1OO

1OO

EMPLOYMENT (Adjusted.

40

^^ PAYROLLS (Unadjusted)
TOTAL FREIGHT CAR LOADINGS
i
i

160

100
40

FREIGHT CAR LOADINGS L. C:. L.

160

100
'^^e^^Unadjusted

Unadjusted-?

Adjusted

1 1 1 ! 1 1 1 ! 1 1 1 1 1 1 1 1 I N 1 1 1 1 H I M 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 II ! 1 1 1 1 1 1 11 1

Adjusted
I
1 in Ii 111111111111111
1
1 10
4

DEPARTMENT STORE SALES

200

111 I II II I I II I I

WHOLESALE PRJCES
1 60

1OO

100

LL COMMODITIES
40

CL
1 - ^LL*-^\
J * — /^ooooo
1II11 1 1 1! 1 < ¥H>mtoojQLM^^ 11 i i ! I 1 1 1 1 1 II ! II 1 ! 1 III 1
Ml I
n1

-FARM PRODUCTS

VALUE OF EXPORTS

200

VALUE OF IMPORTS

200

too

1OO

Adjusted

Adjusted
•**•% •

HIM

200

-.».

liillllllll

l M | |

|

BANK DEBITS OUTSIDE NEW YORK CITY

1OO V *

0

FEDERAL RESERVE MEMBER BANK

1OO

@

i

1931

1932

Y TOTAL
ALL OTHER J ^
(CotnTrwra'&i)

1
i II n Ini M J . N I I M i l !
1933 19341 1835

ADJUSTED FOR SEASONAL VARIATION




I I 111 1 I I 1 ! 1 ! 1 I I 1 i ! i l l 1 I ! ! ! 1 1 ! i 1 !
!

160

Unadjuslet
0

11111111111

40

UJILLLLLLL

1931 11932 1933

* REPORTING MEMBER BANKS

II I I I I I I I ! i

1934 1935

SUEVEY OF CURRENT BUSINESS

August 1935

Business Situation Summarized
BUSINESS activity during July has shown resistance
to the seasonal influences which usually make for
contraction at this time. Reports on retail sales and
construction activity indicate improvement on a seasonally adjusted basis, freight-car loadings have
declined, while the available data do not indicate much
change in the adjusted index of industrial production.
Outstanding among July developments was the
sharp recovery in the steel industry. After moving
downward from February to the first week in July,
operations expanded steadily from 34 percent of
capacity to 45 percent in the final week of the month.
Only part of the gain was attributed to the automobile
industry which enjoyed a relatively large volume of
sales during the month. The further increase in
electric power production was also a favorable indication, although the movement of freight by the railroads
has continued to lag. Lumber business has been
better this month and building supplies generally have
benefited from, the modest improvement in private
construction operations.
During June, the decline in manufacturing output
approximated the usual seasonal change; mineral output increased substantially, influenced by the large
expansion in the coal industry. The contraseasonal
increase in automobile production, following the decline
in May, was influential in halting the decline in the
index of manufacturing output. The adjusted indexes

of iron and steel and textile production were about the
same as in May; increases were reported for the cement,
tobacco-maniifacturing, electric-power, rayon, and
machine-tool industries.
The decline in factory employment in June was
offset by increases in nonmanufacturing industries and
in agriculture so there was probably little or no net
change for the month. Average hourly wages in
factories were the same in mid-June as in May.
The June improvement in retail sales has continued during the present month with gains in rural,
areas especially pronounced. Farm income has remained well above a year ago, although the Departmerit of Agriculture estimates indicate a larger-thanseasonal decline in cash farm income in June and a
less than usual rise in July. Department store,
variety store, and rural general merchandise and new
passenger automobile sales were all higher, on a
seasonally adjusted basis, in June than in May.
Commodity prices have moved slightly lower since
May, but there has been practically no change in the
index of finished products. Security prices have been
strong, with many individual stocks reaching new
highs for the year. Earnings statements of industrial
corporations for the second quarter reveal improvement over the first quarter and over a year ago.
Refunding bond issues were again put out in large
volume in Julv.

MONTHLY BUSINESS INDEXES
Factory employment
and pay rolls

Industrial production
Unadjusted '

Adjusted 2

s

Foreign
trade, value,
adjusted 2

!l MerchanI
jl d i s c l . c l .

Total

o

Department
store sales,
value

Freight-car loadings

S
B

Year and month

1%

i
=

-B ft

Monthly average, 1923-25=100
1929: June
1930. Juno
1931: June
1932: June
1933: June
1934:
June
July
August
September..
October
November..
December
1935:
January.
Febru-irv
March./. . . .
April
May
June
Monthly average, Janu- I
ary thronszh Juno:
I
1933 I
1934
|
I

25
99
83
59
84

127
98
83
58
83

84
73
73
73
75
74
77

84
71
71
70
73
73
7G

88
91
90
89

87
91
90
91

87
88

87
84

71
85
83

84
88

110
103
80
62
87

125 i;
98 I;
83 w

84
76
73

84
83
87
87 •
84
85

90
89
88
86
85
80

114
102

83
74

73
74
86

91
92
90
79
88
97

127
97
82
58
93

90

1
86
84
84


1
Adjusted for number of working days.


105. 9
93.2
73. 8
61. 6
67.4

111.2
92.3
69.7
43.4
47.2

110
95
77
52
61

108
93
77
52
62

105
98
89
71
69

105
98
89
71
69

81. 5
79. 5
79.3
73.9
76.8
76.7
78.9

64.9
60.5
62.2
58.0
61.0
59.5

64
G3
63
67
64
60
58

64
61
59
59
57
59
64

65
64
65
67
06
65
62

65
65
65
64
63
04
66

80.5
81.9
82.4
82.3
81.2
80.0

04.1
69. 1
70.7
70.8
68.5
86.5

64
65
65
61
61
83

61
63
65
65
65

05
65
64
63
63
04

62.0
80.2

40.9

81.4

63. 1
CM1

61
62
59

61

64
fm
fin

i 108
| 98
! 92
on
I 04
!
;
|
|

70
51
60
79
82
83
135
59
01
76
7U

i

OS

113
103
96
69
68

116
87
55
34
36

115
82
*7
36
40

113.8
124.8
98.4
65.4
65.7

74

50
48
49
48
45
45
43

44
43
39
43
39
47
41

74.8
70.5
68.0
65. 3
73.3
68.0
79.6

45

51
48
49
49
52 i
51 !

66.8
80.3
79.8
79.4
80.7

73

77
75
73
74
78
74
75
82
73
70
b0

47 1

48 |
46 |
50

1
31 ! |
4K |

n

t'0. H

56. 7
30
44 i r,9.5
50 1 77 2
':

' Adjusted for seasonal variation.

i

I't

I

3

I

I!

126
99
63

Monthly
average,
1926=100
95. 2
86.8
72.1
63. &
65. C
74. e>

74. S
76.4

77. ft
76.5

70. 6
78. £•
79. f
79.4
80 1
80^2
79. &

61.5
73. 5

SURVEY OF CURRENT BUSINESS

August 1935

Comparison of Principal Data, 1931-35
FIRST S MONTHS

X///////A

BANK DEBITS OUTSIDE NEW YORK CITY —
O

50

100

150

REMAINDER OF YEAR

(BILLIONS OF DOLLARS)
200

250

CONSTRUCTION CONTRACTS AWARDED — (BILLIONS OF DOLLARS)
1

2

3

4

5

V777///////////A
STEEL INGOT PRODUCTION
10

20

(MILLIONS OF TONS)
30

40

50

AUTOMOBILE PRODUCTION — (THOUSANDS OF CARS)

FREIGHT CAR LOADINGS —- (MILLIONS OF CARS)
0
1 935
1 934
1 933

km
tel

ill
1 932 MM
1




10

20

30

40

I
I/////////////////////,
4

////////////////////x
'//////////////////A

Y///4

D.D. 83 £?

SURVEY OF CURRENT BUSINESS

August 1935

and
CHANGES in the wholesalehave retail price indexes
during June and July
been slight. The

as a result of the improved crop outlook and consumer
resistance to prevailing prices, particularly of meats.
Recessions in the two classes of farm products and
foods have been the cause of the decline of a point in
the Bureau of Labor Statistics wholesale price index
since May. Prices of "other" commodities have
remained firm on the average.
Moody's ^)ot~piiop I?A*K of 15 commodities has
moved wicliiii ti *'o'ige oi r poi Lt3 (157--183) during
;1 about 15 cents a
{ reports of a large
uf
^f. Tne September
\v:\- q.iof \] ot Oj:}j '.*ento a bushel on July 31,
compared with 86'I on July 1. In HK latter part of
June, the spread between July wheat futures in Chicago and London was reduced to about 2 cents a bushel
which compares with 17 cents in mid-April when
domestic prices of wheat were considerably higher.
The difference again widened and in the middle of the
month was up to 10 cents.
The Department of Agriculture's index of farm prices
was slightly lower in July than in June. In the latter
month the index was 7 points below the year's high
of 111, but was 22 percent higher than in June 1934.

slow recession in retail prices of general merchandise
which has been underway for about a year has continued; Fairchild's index for June was 0.3 percent
lower than in May and 2.7 percent below a year ago.
Food prices at retail have also declined, but in early
July the Bureau of Labor Statistics index was more
than 10 percent above a year ago, largely by reason of
the increase in meat prices and in the related fats and
oils group.
The movement of the wholesale price index since
the end of May does not afford any evidence of widespread price reductions since the court decision invalidating the N. I. R. A. There appears to have been
general adherence by major manufacturers and distributors to the provisions of the codes and the moderate
nature of the recession in business activity from the
spring peak and continued heavy Government expenditures have tended to sustain prices.
Price movements generally have been influenced
by conditions affecting individual commodities or
commodity groups. Thus, there has been a further
decline in wholesale prices of farm products and foods

INDEXES OF COMMODITY PRICES
Retail

Wholesale (Department of Labor)
Groups and subgroups

I 1

&!

d

I

s
e

a y 1

11

fa 13

a

-

95.0
88.4
76.0
70.0
69.0

96.6
84.9
64.7
53.2
56.2

92.4 103.3
81.7 88.9
69.3 65.41
57.6 45.7
65.3 53.2

74.
74.8
76.4
77.6
76.
76.5
76.9

78.2
78.2
79.2
80.1
79.2
79.3
79.5

67.3
68.3
71.6
73.9
72.1
72.2
73.1

72.9
72.
72.6
71.8
71.5
71.1
71.0

63.3 72.4
64. 5 74.8
69.8 86.0
73. 4 88.1
70.6 85.0
70.8 87.2
72. 0 91.5

78.8
79.5
79.4
80. 1
80.2
79.

80.8
81.5
81.7
82.3
82.4
82.

76.6
77.
76.6

71.2
71.7
71.8
72.3
73.5
73,9

77.6
79.1
78.3
80.4'
80.6
78.3

61.5
73.5
79. 61

June

M o n t h l y average,
through J u n e :
1933
3934
1935

95.2
86.8
72.1
63.9
65.0

66. 7
77.2
81.8

51,3
65. 6
77.0

77. 6

91.0
78.7
56.0
37.7
57.4

88.8
87.4
82.8
87.9
83.2
76.9

all
Mo.
Mo.
Mo.
average,
iverage 1909 to' average
19231913 =
1914 =
100
100
100
99.2
96.5
85. 9
77.2
72. 8

142
131
86

155
148
118
100

70.2
09.9
70.2
70.2
69.
70. 6
71.0

78.8
79.1
79.fi
81. 0
80. 9
80.8
80.8

85 j
87
96
103
102
101
101

88.2
87.9
87.7
87.7
87.4
87.4
87.2

70.3 70.
70.1 70.1
69. 4 69.2

81.6
82.4
82.4
83.2
82.9
82,7

107
111
108
111
108
1(54

1091
110
112
117
116
115
114
I
119J
122!
122!
124
124
123

72.3
78.4
82.5

61
82
108

93
108
122

70.5
89. 0
80.3

91.91
85.7
74.1
70.1
68.9

95.2
89.9
79.
70. S
74.7

93.4
89.4
79.4
73.1
73.7

84.5
78.9
62.9
71.6
61.5

107.9
102.4
88.0
70.8
82.4

70.6
73.9
76.1
74.8
75.1
75.3

62.2
63.4
69.4
76. 6
70.0
68.4
69.0

78.2
78.4
78.3
78. 3!
78.0:
78.0
78.0

87.8
87.0
85.8
85.6
85.2
85.0
85.1

75.6
75.4
75.7
76.5
77.1
76.9
77.8

72.8
73.9
74.
74.6
74.6
74.4
73.7

87.1
86.3
83.8
84.1
83.8
84.2
85.1

82.0
81.6
81.8
81.8
81.7
81.3
81.2

87.7
86.8
86.7
86. 6
86.3
86.2
85.9

72.7
71.5
70.8
71.1
70.3
69.7
70.0

79.9
82.7
81.9
84.5
84.1
82.8

81.6
87.9
91.6
94.3
97.0
94.5

77.4
77.3
77.2
77.6
73.0

84.9
85.0
84.9
84.6
84.8
85. ft

79.3
SO. 4
81. .5
81.0
81.2
80.7

72.9
72.5
73.0
72.8
73.1
74.2

86.2
86.0
85.4
86.3
88.3
58.9

81.2
80.7
80.7
P.O. 7
80.6
80.5

85.8
85. 8
85.
«5. 9
_
86.6 ,
88.91

94. GI101. 21 90.1
93. 4' 91. 9| 81.6
86. 4 84.4 66.6
74.7 79.9 52.7
73.4 79,3 61.5

69 2 6P>
69. 4j 68.

70.11 68.4

January


i Revised.


See p. 20 of the November 1934 issue.

I
50 9 66.0 71. li 72. li 62.71 72. 31 72.31 77.8 53.91 59. 51
56. 41 78.5! 86.9 75.4 72.3! 88.61 81.5i 87.4; 75.3 69.1
81.21 77. 5j 84.9 80.7 73.11 88.91 SO. 7 86.1 89.3 69.31
2

Middle of month.

3

Dec.
1930
(Jan. 1,
1931)=
100

82. 4
78.4
69.7
64.2
60.8

99.1 111.5
90.8 99.9
73.3 71.3
56.0
58
61.2 52.4

56.8
59.0 45.7 42.
73.61 60. 61 64. 1 66.9
72.4: 79.1 84.5 82. 7

1

8Sf

ft

M o n t h l y average, 1926=100

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

1
11

•2s
Textile

a

S

1
!

Mouse

s

Meats

Finishc

1!

SI M

1

a

CM ®

Foods

Year and month

1
Grains

o
%*

'rials

ires

1
l|

iais

Economic classes

Index is for 1st of following month.

108.6
92.0
75.1
72.3

86.8
86.6
86.3
86. 3
85.1
85.9

6

SURVEY OF CURRENT BUSINESS

Ar,g;;st 1935

Domestic Trade
FOLLOWING the relatively favorable results of
' June, retail sales reports for the current month indicate further improvement. The demand for goods, with
stocks generally low, has resulted in the receipt of
orders by manufacturers which have apparently acted
as a brake on the usual summer decline. July sales
totals are not expected to decline to the extent usual
in midsummer, and comparisons with a year ago will
probably be more favorable than in June. While not
ivpica' of general-nK-reh^Tdi^ or^uuzatioiis, one
leading mail-order chain rep-ricd U-\t sales for the 4
weeks ended July 1 were the largest for any similar
G
period since 1929.
Retail sales data for June reveal an expansion in consumer purchasing, when allowance is made for the
usual seasonal changes. The adjusted index of department store sales recovered to 80, afigurewhich has been
exceeded in only one month of 1934 or 1935. Regional
results for the month were not uniform. Increases in
the seasonally adjusted indexes occurred in the Cleveland, Dallas, Minneapolis, Philadelphia, and San
Francisco districts. There was no change in Chicago,
and decreases were reported in Atlanta and New York.
For the first half of the year department store sales
in all districts were 2 percent higher than in 1934. A
feature of the report was the small change in most of

the Federal Reserve districts. Nine of the twelve
areas reported a variation of 4 percent or less.
In contrast to the small increase for department
stores is the gain of 23 percent in sales of general merchandise in small towns and rural areas. Purchasing
power in farm communities has been aided by the
higher price level in comparison with 1934, as well as by
continued large Government disbursements under the
agricultural program. The Department of Agriculture
monthly estimates of cash farm income, including
benefit payments, for the first half of the year show a
rise of 14 percent in comparison with 1934.
Variety-store sales, on a daily-average basis, were
practically unchanged from May to June, the adjusted
index recovering the loss experienced in the preceding
month.
Advertising effort in June in both newspapers and
magazines declined by more than the usual seasonal
amount. The linage of newspaper advertising in 52
cities was below the corresponding total for the preceding year for the first time since September 1933. The
volume of classified and financial advertising, however,
was larger than in 1934. The latter, while low, has
exceeded the level of the preceding year for 4 consecutive months, the first consistent gains which have
been reported since 1929.

DOMESTIC TRADE STATISTICS

Department stores

Chain-store sales

Sales
Unad- Adjust- justed 2
ed i

Year and month

Stocks 3

Unad- Adjust- justed 2
ed i

Monthly average, 1923-25=100
1929: June
1930: June
__
_
1931: June
1932: June
1933: June
1934:
June
July
August
I
September
October
November
December
1935:
January
February
March..
April
•May

.._
"

1
113
103 j

90 i

_-

;
i
__•

8'
83
U5

86.3
79.7
79.9
85.5
91.3
92 9
163.' 9

65
G4
64
64
64
65
64 !j
64 r

• )l
71
TJ
7M

64 !
63 I
64 I

?.,

",
m
79

Corrected to daily average basis.




63
59

;•>,
:
"i
:
I._.""""i

"' J u n e
I
Monthly average, January through" |
June:
j
1933
I
1934
I
1935
....
I
1

74 j
73 i

I

127.4 I 183. 2
101.0
118 2
84.0
80.8
64. 3
56.5
65. 7
65 2

106.3
97.0
95 8
81.5
83.2
90.8
89.5
90.3
89.5
90.0
91.5
88.9

68.3
58.2
63.1
97.9 j
108.7
110.4
134.2 !

67 2
75.8

90. 2
90.8
93.0
90.6
86.0
80.4

51.5
72.6 I 87.5
72.7
82.0 i 90. 6
100.2
90.6 ! 97.4
116.7
97.0 i 101.0
98.4
87.6 !
84.2 ; 9517 ' 101. 9

92
96
96
96
92
90

78.I
92.9
86.0
85.9

SO !
91 ;

71. 1 |.
83.2 |_

95 I

120.4
95.4
79.4
60.8
62.1

8 1 . 0 J.

' Adjuftf d for seasonal variation.

54.
71.

« End of month.

72.3
75. 5
79.2
98.8
89. 1
89.8
94. 5

84 6
73 9
63.1
51.9
47.3
39.2

43.2
64.6 !
90.7 !

Employment

Unad- Adjust- justed 1 ed 2

Pay
rolls

Monthly average, 1923-25 =
100

Monthly average, 1929=100

Monthly average, 1929-31 = 100
100.9
92.2
91.0
77.4
79.1

95
93
80
65

6S
I"_""_"

Rural sales

New passenGeneral mer- ger car sales
Com- Variety stores
chandise
bined
index
(18 com- Un ad- Ad- Unad- Ad- Unad- Adpanies) * just - just- just- just- just- justed 2 ed 1 ed a
di
ed 2 ed 1
Avg. same
mo. 192931=100

Freight-car
loadings, merchandise 1. c.!.

Wholesale
trade

Retail trade

141. 5
90.0
61.5
42.5
49.0

99.2
96.2
86 3
75.6
73.9

98.6
98.1
82.5
63.5
53. 7

63.5
67.0
56.0
53. 0
59.0
63. 0
49.0

82.3
82.2
82.5
83.5
84.3
85.1
85.0

62.8
63.8
62.7
63.6
64.5
64.2
64.8 II

75.0
86.5
94.5
78.5
70.0
78. 5

84.6
84.0
S3. 2
82. 5
82.1

63.9
64.6
65.2
64.8
64.6
64.6

72.5 I

81. 8

89
71
69

I
|!
1
1
1
1
|!
N

89
71
69

65
64
65
67
66
65 I
62 II
!
!
61 II
63 i
65 I
65

65
65
65
64
63
64

54.5
62. 0
04. 8

» See Eote en p. 26 of the Nov. 1924 issue.

65
65
64
63
63
U

SURVEY OF CURRENT BUSINESS

August 1935

Employment
The relatively better results reported by the nondurable-goods industries was due largely to seasonal
veyed by the Bureau of Labor Statistics in June were gains in the food-products group. Of the 44 nonslight. The losses reported for these industries were durable industries, 15 reported gains in employment,
offset by seasonal gains in the agricultural and road- while 29 reported declines. In addition to seasonal
building industries so that the number at work and gains in food-producing industries, an increase of 6.2
total pay rolls were probably as high in June as in percent was reported for woolen and worsted goods.
May.
Employment in nonmanufacturing industries was
generally higher in June than in May, with 14 of the 17
Factory employment declined 1.8 percent and pay
rolls 2.9 percent from May to June. In the aggregate, industries surveyed showing gains. Fifteen industhe seasonal change from May to June is small so that tries also reported gains in pay rolls. Anthracite
the decline in the seasonally adjusted employment mining reported the largest gains, 6 percent in employindex was approximately the same as for the unad- ment and 33 percent in pay rolls. Bituminous-coal
justed index. A comparison with June of last year mining employed 3.4 percent more workers, and pay
shows a decline in factory employment of 1.8 percent, rolls were 32 percent higher; the reporting period,
however, happened to be the period of peak production
while pay rolls were 2.5 percent higher.
induced by strike threats. Building construction
The recession in employment in the durable-goods employment was up 4.6 percent over May, and 5.3
industries in June was slightly more pronounced than percent over June 1934.
in the nondurable industries.
Since the pay-roll reporting period upon which the
Of the 46 durable-goods industries, 18 reported gains above industry material is based was so close to the
in employment, while 28 showed losses. The settle- N. I. R. A. court decision, any effects of the decision on
ment of labor difficulties was partly responsible for the wages would not be expected to show in the June data.
increase of 14 percent in employment in the agricul- The average hourly earnings of factory workers, as
tural-machinery industry. Industries allied to the reported by the National Industrial Conference Board,
building-construction industry showed more than sea- stood at $0,599 in June, unchanged from May. The
rate in June a year ago was $0,586 per hour.
sonal gains.

in the number
the
CHANGES weekly pay roll inemployed and suraggregate
the industries

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Nonmanufacturing employment and pay rolls
(Department of Labor)

Factory employment
and pay roils
Pay
roll

Employment
Year and
month

Anthracite
mining

EmUnad- AdUnad- ployjusted justed' justed ment

Pay
rolls

Bituminous
coai mining

Electric light |
Telephone
and power
and manu- and telegraph
factured gas

Employment

Employment

Monthly average,

1934

Pay
rolls

Employment

Pay
rolls

Retail trade

TradeUnion
members employed

Employ- Pay
ment rolls

Factory 2

Average ^Average
weekly hourly
earnings earnings
Percent
of total
members

Monthly average, 1929=100

1923-25=100
105. 6
1929: June
1930: June
I 92. 9
1931: June
78. 4
61. 2
1932: June
1933: June
| 66. 9
1934:
81.1
June
78. 7
July
AUgUSt
79. 5
75. 8
September. _
October
78. 4
76. 8
November..
December.-.
78.0
1935:
78. 7
January
February.__
81. 2
March
82. 4
April
82. 4
81. 1
May
June
79. 7
Monthly average, January
through June:
1933.
81.6 L

Pay
rolls

Wages

111.2
92.3
69.7
43.4
47.2

92.9
90.8
76.1
53.0
39.5

80.7
94.3
66.7
37.4
34.3

94.7
88.4
78.4
60.5
61.3

90.0
75.6
52.4
27.3
29.2

100. 7
104. 6
97.2
83.2
77.3

100.4
107. 8
98.3
80.5
69.9

101.5
99.8
86.9
79.9

100.0
103.4
95.0
82.1
66.6

99.3
96.9
90.7
76.3
73.2

99.8
97.9
86.7
02.7
52.2

28.69
26.26
23. 25
16.16
18.60 j

81.5
79.5
79.3
73.9
76.8
76.7
78.9

64.9
60.5
62.2
58.0
61.0
59.5
63.2

57.5
53.6
49.5
56.9
58.5
60.7
61.6

53.3
42.3
39.7
47.0
48.3
51.2
52.3

76.7
77.0
77.1
78.2
79.3
79.8
79.7

55.1
49.7
50.4
51.4
57.6
58.3
57.0

84.0
85.0
85.6
85.8
85.8
85.5
83.6

77.8
81.1
79.9
79.3
80.6
79.6
78.3

70.4
71.0
71.0
78.9
70.3
69. 9
69.7

71.3
72.3
74.0
72.2
74. 9
72.2
73.2

82.6
79.0
77.8
81.7
82, 6
83.7
91.1

61.4
60.1
58.4
60. 6
61.9
61.9
66.2

80.5
81.9
82.4
82.3
81.2 !

64.1
69.1
70.7
70.8
68.5
66.5

62.9
64.4
51.4
52.6
53.5
58.8

57.5
64.3
38.9
49.9
49.5
68.0

80.0
81.1
81.6
74.3
75.3
77.9

59. 6
66.1
67.5
45.0
49.1
6i.7

82.7
82.2
82. 2
82.6
83.2
83.8

78.0
78.3
79.4
79.0
79.8
79.8

70.5
70.0
69.8
69.7
70.0
70.2

73.9
72.9
75. 3
73. 1
73.7

79.5
79.2
80,2
83.6
82.2
82.1

40.9
G3. 1
6S.3

50 0
62.4
56.9

41 8
65. 1
54.4

65.5
75.9
78.4

31. 1
54. 3
58. 7

77.2
82.4
83. 8

71.0 I
76.0 |i
79.1 ||

72.2
69.7
71.7
70.1
69.8 I 81.5
81.1
70,0 I 73,9

80.0 j

79.6
80.3 i

714

0. 590
.589
. 567
.495
.451

40
40
37
33
33

20.71
19. 90
19. 58
19.55
20.00
20.12
20.74

.586
.588
.588

43
42
41
41
41
41
40

59.7
59.3
60.4
62.5
62. 0
82.4

21 61
22.09
21. 86
21. 93

.594
.595
. 597
598
'. 599

39
39
39
40
41
42

51.8 I
60.3 I
61.1

16. 32
20.27
21. 97

.459
.571
.597

33
41

21. 76

Adjusted for seasonal variation.




'.tm
.594
.594

22. 56

1

1
1

Cents
per
hour

Dollars

105.9
93.2
78.8
61.6
67.4

Common
labor
rates 3

2 National Industrial Conference Eoard.

2

Eoad building.

SUEVEY OF CURRENT BUSINESS

August 1935

Finance
July
CONTINUED strength in industrial shares in high
has advanced stock-market averages to a

member banks increased moderately owing to the
July expansion in holdings of Government securities.
for the year. The rise has been stimulated by gen- Outstanding credit of the Federal Reserve banks rose
erally favorable earnings statements for the second slightly during June and the early part of July, but
quarter and by the optimistic tone of mid-year indus- the changes were unimportant.
trial reviews. Rails and public-utility issues have not
After a decline during the second half of June,
shared in the rise, and certain industrial groups, money in circulation increased during the first half of
notably the oils, have moved against the trend. The July to a level somewhat in excess of that prevailing
industrial stocks included in the Standard Statistics during early June. On July 1 the Treasury redeemed
90-stock index have risen above the 1926 average, approximately $600,000,000 of the 2-percent consols
and the 351 industrials included in their more compre- carrying the circulation privilege in accordance with
hensive index have moved up to 92 percent of the plans announced on March 10.
average for that year. The rail-stock index, howThe inward movement of gold, which has continued
ever, is only moderately above the lows of the year almost without interruption during 1935, again asand is about one-third of the 1926 average.
sumed large proportions in June with receipts the
Domestic bond prices have been firm during July highest for any month since March 1934. During
at the higher level reached in the preceding month. July the imports slackened, although several of the
The market for new bond issues has been unusually European gold currencies were again in difficulties
active for this period of the year as a result of the before the end of the month. The Dutch guilder
flotation of a number of large refunding issues.
dropped below the gold export point, while the action
Bank debits outside New York City aggregated of the Italian Government in reducing the gold back$15,914,000,000 during June, the highest figure for ing of the lira also caused a downward movement in
that month since 1931. Member-bank holdings of the foreign-exchange value of that currency.
acceptances and commercial paper showed a steady
Reports so far released on corporation profits record
downward trend during June and the first half of Jury, an increase in the second quarter for industrial conwhile outstanding loans on real estate during the same cerns; the comparison with a year ago for the utilities
period remained about the same. Member-bank loans and railroads was generally unfavorable. A compilaon securities have shown little net change and non- tion of the profits of 260 industrial concerns shows an
security loans have likewise indicated no expansion in increase in the first six months of 18 percent in comthe volume of credit outstanding. Investments of parison with a year ago.

FINANCIAL STATISTICS

Year and
month

Bank
debits
outside
New
York
City

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

All
other
loans

Federal
Reserve
bank
credit
outstanding*
Inend of
vestmonth
ments

Net
Total
gold
Bond
Savings deposits
imbankStock prices,
er's ac- ports
New
prices
inceptMoney
New
York
(421)
ances cluding
in
Stand- Stock capital
gold
outcircuExard
issues
standrelation
New Postal Statis- change
leased
ing,
(dotics
York
Savend of
from
mestic)
State
ings
carmonth
mark 2

Thous.
1926-100 Dollars of dollars Dollars

Millions of dollars

1929- June.
1939: June
1931: June
1932: June
1933: June
1934:
June
July
August
September._.
October
November
December
1935:
January
February
March
April
May

June




Average
Interest
divi»
rates,
dend
comper
mercial
share
paper
(600
(4-6
c o m - months)
panies)

6, 897
8,213

1,400
1.018
943
2, 310
2, 220

1,113
1, 305
1,368
747
687

22.7
15.9
156.1
-234. 8
.3

4,687
4,489
4,750
5,530
5,742

4, 459
4,559
5,156
5, 282
5,130

154
175
347
784
] ,185

190.7
152. 8
95.1
34.0
74.9

96.05
97. 64
95. 86
75. 66
86.84

785, 488
709, 312
251,180
83, 872
109, 182

2.88
2.91
2.36
1.34
1.05

4,485
4, 515
4, 555
4,747
4,756
4, 688
4, 565

9,723
9,889
9, 906
10,017
10, 030
10, 059
10, 575

2,472
2, 462
2, 464
2,464
2,455
2,453
2, 463

534
516
520
539
562
561
543

64.7
52.9
36.2
-16.3
11.1
120.8
92.2

5,341
5, 350
5,355
5,427
5, 473
5,494
5,577

5,134
5,114
5,054
5,145
5,128
5,119
5,154

] , 198
] ,190
] ,192
] ,193
] ,199
] ,204
] ,207

73.5
71.4
67.8
67.0
67.3
69.4
69.2

93.16
92.00
91.13
90.05
91.23
91.68
92.57

118,588
216, 645
179, 548
43, 375
121,903
107, 036
140, 941

1.19
1.21
1.23
1.23
1.24
1.27
1.27

4,537
4,603
4,635
4,584
4,558
4,449

10, 683
10,723
10, 900
10, 993
10, 859
10, 8SO

2,461
2, 465
2,471
2,468
2,469
2,480

516
493
406
413
375
343

150. 5
123.0
12.3
146.3
138. 5
231.1

5,411
5, 439
5,477
5,500
5, 507
5, 522

5,142
5,147
5,185
5,158
5,152
5,187

,201
, 205
,203
L, 200
L, 205
[,205

69.7
67.8
63.9
67.5
73.1
76.0

93.35
93.35
91. 79
92.95
92.81
93.94

92, 097
50, 011
108, 079
89,850
86. 395
58, 083

1.28
1.29
1.29
1.29
1.29
1. ':9

26,404
24, 621
19,406
12, 901
12, 969

4,185
3,748

5,563
4, 704

14, 754
13,910
13, 420
12,888
14,465
13, 409
15,701

3,529
3,358
3,247
3,047
3,051
3, 017
3,081

15, 066
13,181
15, 849
15, 746
15, 655
15, 914

3,024
2,995
2,974
3,112
3,054
3,099

i 91 cities.

2

Net exports indicated by (—).

Percent
6
2
21/

iy
3/

i

u

5
j

r

3/
Z
A
3

3,

3,
3.

L

9

SURVEY OF CURRENT BUSINESS

August 1935

Foreign Trade
JINCE the movement of our foreign trade in June
followed much the same pattern as in other recent
months, it would perhaps be desirable at this midway
point in the year to review the trend of trade so far
during 1935. Exports for this period decreased slightly
in value and 5 percent in quantity in comparison
with the first half of 1934, while the value of imports
rose approximately 15 percent with the volume increasing by almost the same percentage. The favorable
merchandise balance for this period was very small.
Among the more important developments in 1935
have been the following: (1) The marked decline in
the volume of our exports of crude materials and
crude and manufactured foodstuffs, (2) the expansion
in exports of finished manufactures, (3) the large
increase in imports of foodstuffs, and (4) the decline
in the merchandise export balance.
The causes of these movements are varied and a
number of them are of a temporary nature, as for
example, the heavy imports of feedstuffs and certain
manufactured foods owing to the exceptionally high
domestic prices resulting from the drought of last
year. The decline in the volume of exports of crude
materials and foodstuffs like wheat, meats, and fats was
likewise due in part to the relatively high prices of these
products in the United States. The increase in imports
of crude materials and semimanufactures has, of
course, reflected the expansion in domestic industrial
activity.

Leading the decline in exports was the drop of 22
percent in quantity and 15 percent in the value of our
crude material exports. The quantity of the leading export commodity, raw cotton, dropped 29 percent. Exports of unmanufactured tobacco declined
29 percent.
Exports of crude foodstuffs and manufactured foodstuffs declined 40 and 30 percent, respectively, in
quantity in the first half of 1935. Exports of lard,
apples, meats, dried and evaporated fruit, and wheat
flour showed declines in quantity ranging from 75 to
12 percent. Wheat exports were negligible.
The exports of finished manufactures were 9 percent larger in quantity and 11 percent larger in value
in the first half of 1935 than in the same period of 1934.
A substantial part of this increase was due to larger
shipments of automobiles and machinery. There
were also increases in the exports of numerous miscellaneous manufactures, including aircraft, rubber manufactures (except automobile tires), and advanced iron
and steel manufactures.
In import trade, the quantity of crude foodstuffs and
manufactured foodstuffs increased 30 and 15 percent,
respectively, in the first half of 1935. Grain and feed
imports were several times larger than they were during
the first half of 1934 and butter and vegetable oil imports were much higher. Sugar imports increased
about one-fourth in quantity and at the same time
showed a more regular movement than in 1934.

EXPORTS AND IMPORTS
Indexes
ExValue Value ports,
inof
of
total total cludexing
imports, ports,
reexadadports
justed i justed i

Year and month

Total
Total

Raw
cotton

Foodstuffs,
total

Semimanufactures

Monthly average, 1923-25-100
116
87
55
34
36 j

1929: June
1930: June
1931: June
1932: June
1933: June
1934:
June
July
August
September
October
November
December
1935:
January
February
March
April
May
June
1
Cumulative, J a n u a r y
through June:
|
1933
1934
1935

__

1

|
I
I

43
39
47
41
51
48
49
49

Adjusted for seasonal variations.

 4 2 3 1 — 3 5
-2


56.1
37.5 1
29.1
24.2
40. 3

30.9 1
15.7
13.5 |
13.4
29. 3

48.5
40.7 1
28.7
18.0
13.4

62.1
2/.5 I
14.7 I
IS. 2 ||
1
1

220.0
164. 6
97.6
52.5 |
45.7

170.6
1(51. 8
172. 0
191.7
20<>. 4
104. 9
170. 7

168. 0
159.2
169. 8
189. 2
203. 6
192. 3
168. 5

47.0
37.2
39.7
66. 4
82.9
71.7
54.5

2S. 9
20. 3
17.8
32.2
43. 4
39.2
35.0

14.9
17.1
22.1
20. 1
21.9
18.5
15.7

27. 9
28.8
29.4
29.7
28.8
30. 4
30.3

78.1
76. 2
78. 7
73. 0
70.1
71.7
68.0

176.
103.
185.
164.
165.

173. 6
160. 3
182.0
160.7
159.8
167,2

55.8
45.0
40. 5
38. 2
36.9
48. 6

32. 2
27. 1
21.8
21. 8
19.4
33.-1

16.3
16.3
16. 2 1
12. 9
15.4
15.5

27.2
25.5
30.8
26.2 i
26.4 II
26^

74.3 |
73.6
94. 5 |
83.4
81.0

207 3
300. 8
257 3

140.7
184. 9
145.6

2
0
0
4
5

no

3 31

Total

AutomoMa- biles,
chin- parts,
and
ery
accessories

Total

FinCrude, Food- Semi- ished
ma- stuffs man- manufac- ufacterials
tures tures

M i l l i o n s of dollars

115
393. 2 I 386.8
82 | 294.7
289.9
57 1 IS 7. 1
182. 8
36
109. 5
114.1
40 I 119. 8
117.5
44 |
4

Imports J

Exports of United States merchandise
Finished
Crude
materials
manufactures

656. 9
669. 3
1, 036. 2 ! 1,018. 3
j|i Wt% 8
1,034.3
2

80.1
111.9
»2.5 |

96. 8
1S4. 3
105.1

272.7
441.3

49. 7
42.3
28.0
10.3

0.3 j

50.8
21.1
12.9
6.3
6.9

353.4
250. 3
173. 5
110.3
122.2

120.7
76. 6
52.4
29.6
34.3

77.5
60.2
47.2
32.8
30 9

75.5
51.7
29.7
18.5
27.8

79.6
61.8
44.2
29.4
23.3

IS 6 I
IS. 9 !
20 2
18.8
18. 7 I
20.6 j
19.1 !

20. 0
18.4
15.3
14.0
12. 4
11. 0
12.4

135. 0
124. 1
117.3
149. 8
137. 9
149. 4
126. 2

42.6
39.1
34.2
38.6
35.1
40. 1
28. 8

39. 3
29.1
30.8
57.3
46.8
47.8
47.8

26.8
27. 5
23. 0

26.4
28.5
29.2
29. 6
29.9
34.1
28.6

18.2
18.8
23. 7
22.8
22.2
50. 6

17. 2
20.5
25. 0
22.0
18.6
20,1

163.6
152.3
175.4
166. 2
166. 8
155.3

43.1
45.2
50. 4
45.9
44.4
43. 7

65.8
51.7
59.3
56.1
55.0
49.4

54. 3
102. 1

41.6
108.7
123.4

592.1
829. 9
984. 8

152. 2
243. 9
272. 7

204. 0
257.3

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

3

26.1
27. 4 .
21.0 I
!
29.6
29.0
35. 2
30.7
33.6
SI. 7
104.1
158. 2
189. S

M o n t h l y average.

30.1
26.3
30.5
33.4
33.9
30.4
131.7
170.4
184.7

10

SURVEY OF CURRENT BUSINESS

Av.gu-1 1935

Real Estate and Construction
URTHER
in residential
Frecorded byimprovementfigures for Junebuilding was
the contract
and the first
half of July. May usually brings the seasonal peak in
awards for residential building, but this year the value
of June contracts, amounting to $49,832,600, was more
than 10 percent larger than in May and was almost twice
as large as in-Juno 1934. Improvement in residential
building was reported in each of the 13 districts.
The June total for residential building was the
largest reported since October 1931, but was considerably less than the total for the corresponding
month of that year. The rising trend in residential
construction has been fostered by the easing of the
mortgage situation and the continued slow upward
movements of rents, as well as the improvement in
economic conditions and a somewhat more optimistic
appraisal of the outlook. The recovery in rents to
date Las not been large, the advance in the National
Industrial Conference Board's index amounting to 11
percent in a period of approximately a year and a half.
The index is still below the average for the year 1932,
when the real estate situation in many sections was
precarious. Recent surveys of occupancies, however,
indicate that the number of vacancies is being reduced
and the volume of distress properties on the market
is much less than a year or two years ago.
In referring to the reopening of loan applications,
the Home Owners Loan Corporation reported that

"the unexpectedly small number of new applications
for loans seems to indicate that the improvement in
real-estate values and financial conditions have relieved
many home owners from the necessity of applying [to
tliis organization] for relief/7 The actual improvement
in conditions lias increased the willingness of the usual
financing organizations to handle maturing loans
which are only in minor difficulties, it was stated,
while the acceptance of nearly 2% billion dollars in
Home Owners Loan Corporation bonds in exchange
for distressed mortgages previously held lias been a
major factor in the ability of these financial institutions to pursue their normal functions. The number
of real-estate foreclosures, however, continues high;
so far during 1935 the number of foreclosures reported
was nearly one-tenth larger than in 1934.
June was the first month since August 1934 in which
contracts let were larger in value than in the same
month a year earlier. This situation reflects the
influence of the Public Works program, the awards for
which were exceptionally heavy in the latter part of
1933 and early 1934. The volume of privately
financed work in June, amounting to $84,382,000,
was the largest for any month since 1931, exceeding
the comparable total in 1934 by 57 percent. For the
first half of the year, total contracts awarded were
considerably less than in 1934, but privately financed
work was 32 percent larger.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Building-material
shipments

Construction contracts awarded

1929: June
1930: June
1931: June
1932: June
1933: June
1934:
June
July
August
September
October
November
December
1935:
January
February
March
April
May
June
Monthly average,
through June:
1933
1934
1935




All types of
construction

Monthly
average,
1923-25 =
100

Year and month

F. R. B.
Index
adjusted1

NumMil- I Mil- Milber of lions of ! lions of lions of
proj- dollars square dollars
feet
ects

Residential
building

Public
utilities

Public
works

Millions of
dollars

Maple Oak
floor- flooring
ing

| under <
.'construe-1
tion |
(National1
Indus- |
Cetrial
ment Recoveryij
Act)

Thousands of | Thoufeet, board
isands of
measure
barrels

530
601
316
113
102

36.5
20.8
16.9
5.8
8.3

173.8
96.8
72.7
23.1
27.7

60.0
209.3
20.2
5.6
5.0

95. 5
114.1
111.3
44.6
19.4

127
120
120
110
135
112
93

7.5
4.8
5.0
4.8
7.0
5.3
4.0

26.6
19.8
18.6
17.9
26.3
19.9
14.6

13.1
7.9
8.7
6.5
12.6
8.5
12.9

44.3
31.2
41.9
43.5
52.6
43.8
37.2

3,573
7,965
7, 713
4,421
4,279 9, 041
3,336 9, 003
3,408 10, 095
3, 005 9,533
2,668 6,964

8,541
7,898
8,249
7,388
8,439
5,674
3,104

6, 458
6,135
8,929
10, 570
10, 499
10,450

100

5.5
4.6
8.8
11.9
13.1
13.7

22.4
16.6
32.2
42.2
44.9
49.8

3.9
6.5
7.3
5.4
9.1

35.7
23.9
39.8
33.2
26.0
30.0

3,302
2,812
2,929
4,148
4,410
4,692

17. 7
62.5
31.4

2,209
9, 972
4, 060 9,036
3,716 13, 796

January
6, 637
7,800
8,840

123
124
127
148
72
142

5. 6
6.9
9.6 !

18.9
22.0
34.7

5.7
21.5

i Based on 3-month moving average and adjusted for seasonal variations.

6,122
3, 956
3,778
2,281
4,384

Thousands of
dollars

44, 319 18,949
24,881 18,781
23,131 16, 077
10,253 9,264
17,723
7,979

17,148
13,359
10, 805
7,151
9,174
8,3G8
7,182
7,625
7, 666
10. 013
7, 505
5,771

126
99
63

; High ways;

9, 015
14, 606
14, 438
18,306
17, 732

Construction
costs,
Eng.
NewsRecord 2
Monthly average,
1913 =
100

Longterm
realestate
bonds
issued

Home
Loan RealBank,
loans foreoutclostanding

Thousands of j N u m dollars
I ber

205.7
203.4
187.2
152.2
163. 4

20, 025
11,093
3,425
80
0

47, 579

16,272
15,479

283, 506
267, 509
231, 554
203,027
179, 453
156,599
147, 807

199.6
199.7
198.4
200.6
200.9
201.4
201.9

0
400
0
0
0
0
0

86, 248
85, 723
85, 519
86, 647
87,446
87, 714
87, 258

16, 348
15, 499
15, 462
15,972
16, 723
16, 940
17, 736

2, 846
2,952
4,878
6,198
7, 428
7, 624

145, 639
155, 448
170, 756
187, 675
191, 522
185,044

198.7
196. 0
194.3
194.5
194.1
194.8

0
0
0
568
325
0

82, 585
77,142
72, 616
74,011
75, 836
79,234

17, 896
15,319
17, 785
17, 287
17,287

4, 655
5,861
5, 321

249, 091
173, 681

160.7
195.8
1S5.4

150
0
149

25,472 !
90,279 |
76, 804

2 Index is as of 1st of month, July 1, 1935, 195.2.

11

SURVEY OF CURRENT BUSINESS

August 1935

HEIGHT-CAR loadings continue to lag behind the than a year ago, and for the 6 months was 14 percent
comparable 1934 totals, with the aggregate decline less than in 1934.
for the first 30 weeks of tk- yvt :• <: ^>-.*:L !'r +o 2
Combined with the decline in loans by the P. W. A.,
percent. The failure of loadings to keep L\ic^ with the situation outlined has resulted in a substantial
numerous other major b^-i*;:?- indiea"^ ;^ rtKHi- drop in the purchasing of e<y:ipment and supplies this
tabie partly to the smaller m c c iiov! o'l V>::\CV.}L'< al year. Ace* vlrxg tn evk \i*es r>! the Railway Age, purcommodities and the shrink; r^- i-4 1. c. L. ft ivkt In :<;fid. chases during the •'"?' ii morihs of the year amounted
Coal and coke loadings hovr 1 c-n j bo; f i\v: fti-i: as to approximately r']l5,000,000. Complete figures for
in 1934, while forest prodin U r r a inisc;1^. ^co;:s fi^:"iit June are lacking, out the above total, which includes
loadings were slightly larg- r. The in^rr- \l -obiiiio of the value of new orders placed by railroads for new
agricultural production being h-arvested \'7l aid traffic locomotives and cars, the estimated value of material
over the next few months.
received from manufacturers, and the expenditures for
Daily average loadings of freight in July, based on data fuel, is less than the total for the corresponding period
covering the 4 weeks ended the 27th, were lower than in of last year but larger than for the same period in 1938
June as well as below the 1934 totals. The wide varia- when purchases amounted to $275,000,000. More
tion in the movement of coal, which was a major factor accurate figures for the first 5 months of this year,
in the advance in the seasonally adjusted index of load- based on reports received from 33 railroads operating
ings in June, was also a feature of the Jury loadings. 65,000 miles of line, give an estimated total of
The only other groups contributing to the rise in June $245,500,000 for fuel, material, and supplies, as compared with approximately $270,950,000 for the same
were the 1. c. 1. and forest products classifications.
The relatively unsatisfactory railroad-operating period in 1934, and $155,600,000 in 1933.
results in 1935 have precluded the possibility of an
The seasonally adjusted index of railway employexpansion of important proportions in the purchase of ment for June advanced one-half point to 55.6 percent
supplies and equipment. Total operating revenues for of the 1923-25 average. This is only 3.6 points above
the first half of the year were about the same as in 1934, the extreme low reached in May 1933, and is 2.2 points
but increases in operating expenditures reduced the net lower than June 1934. Gains up to 7.6 percent were
operating income below the amount realized in 1934. recorded for 6 of the 7 employment classes; the train
Net railway operating income for June was also lower and engine service groups showed a small decline.

RAIL AND WATER TRAFFIC
Freight-car loadings
I F.B.B. Index
Year and montli

Unad- Adjusted 1 justed:

Total h Coal I Cckc

Monthly average, 1923-25=
100

1929: June
1930: June
1931: June
1932: June
1933: June
1934:
June
July
August
September
October
November
December
1935:
January
February
March
April
May
June
Monthly average,
January through
June:

Daily average basis.




Thousands

Thousands of cars 4

Financial statistics, class I
railroads
Operating
revenues

Canal traffic

Net rail- Sault
way op- Ste.
erating Marie
income

Thousands of
dollars

. ! PanaState |

Thousands of j
short tons |

108
93
77
52
62

1, 0r)2.9
902.2
731.9
491.0
585. 2

153.1
130.1
108. 7
66. 8
96.3

12.3
9.3
5.3
2.9
5.4

69.6
47.0
29.9
16.5
26.0

43.1
42.9
37.5
26.4
38.7

23.4
20.6
17.9
14.7
15.5

254.7
234.4
212.9
170.5
165.6

75.9
61.2
29.8
3.9
13.1

420.9
356.7
289. 9
189.3 '
224.6

218
465
599
773
454

3,000
2,679
2, 051
1,300
1,201

526. 022 103, 543 14, 076
439, 671 67, 663 12, 650
365, 762 49, 605 6,645
243,545
12, 300 1,988
278, 329 59, 831 3,582

387
41G
385
454
479

1, 186
1, 062
828
633
779

64
61
59
59
57
59
64

616.9
586.6
605.0
628.5
632.9
588.3
518.4

101.3
93.2
95.9
116.1
121.0
123.6
122.9

6.8
4.4
4.1
5.2
5.6
5.4
6.0

24.7
20.8
22.3
22.0
22.4
21.2
18.3

34.9
42.7
40.1
34.8
30.6
27.8
25.1

15.4
22.2
30.9
34.1
28.5
22.5
16.3

157.8
153.2
159.6
159.3
163.2
160.1
144.2

33.1
31.3
29.0
24.4
17.1
6.5
3.1

243.0
218.7
223.1
232.5
244.5
221.3
182.5

348
359
318
328
381
392

1,303
1.280
1,403
1, 354
1,265
1,131
1,371

282, 779
275,984
282, 679
275,511
292,903
256, 967
257, 506

41,836
35, 221
39, 677
41, 020
48, 625
31, 583
38,738

7,901
7,522
6,990
6,145
5,006
2,627
299

557
519
627
465
726
559
0

835
770
976
1, 045
029
1,
1, 015
885

64
65
65
61
61
63

542.6
581. 4
602.9
575.8
581. 8
607. 0

137.6
143.4
136.6
94.7
98.4
I'M. 2

7.8
8.6
6.7
5.7
5.8
6,0

18.7
25.1
25.2
25.4
25.0
26. 3

24.0
25.6
26.9
26.9
25.6
25.4

14.5
12.4
11.6
12.9
12.9
10.2

144.1
152.2
160.8
161.1
159.8
153.5

2. 7
3.2
3.7
8.6
25.6
31.8

193.2
210.9
231.4
240.2
228. C
220. 6

342
320
300
310
305

1, 398
1.204
1,219
1,193
1, 146
1,309

264,213
254,940
280,899
274, 652
279, 549
281,336

0
21,349
0
25, 720
37, 851
0
34, 626
888
39,505 ! 5, 985
31 025 ' 7. 058

0
0
0
329
554

825
708
961
811
938

513. 2
593. 7
58S. 7

96. 7 | 4.7
122.4 I
123.1

18.1
23. 1
24.4

?2. 0
29.9
25.8

15. 7
15.6
12.3

159. 7
160. 9
155.4

5.2
12.3
13.0

181. 0
221. 7
223. 0

008 ! 1,018235, 873
371 ! 1,217271.650
308 I 1,245 272, 598

1933
1934 . .
!

MerFor- Grain
esta n d Live- chan- O r e
prod- prod- stock dise
nets ucts
Li'.I.

Pullman
pasj Freight- senMiscar
gers
cel- I surplus carried

2

Adjusted for seasonal variations.

3 American vessels, both directions.

* Average weekly basis.

Ofj 709 '

37.8:1
32,179

:

e 5 months' average.

a 671
« 993
o 849

12

SURVEY OF CURRENT BUSINESS

August 1935

Automobiles and Rubber
justed index rose from 86 in May to 101 in June, the
latter figure being approximately equivalent to the
average for the first 6 months of the year. Including
an estimate for July, production so far this year has
exceeded the comparable 1934 total by 31 percent;
the output for this period was the largest since 1929.
The current rate of activity in the production of
cars is based on a sustained consumer demand for both
passenger cars and trucks, but is also affected by the
strike delays above mentioned. The index of the dollar volume of new passenger car sales increased contraseasonally in June and preliminary reports suggest
that sales for the current month may not decline to the
customary extent. Sales of trucks in June were the
largest on record for that month.
Despite the drop in crude rubber consumption during
June, manufacturing activity was maintained at about
the same rate as in May. Consumption of crude,
which has been approximately the same this year as in
1934, was about 10 percent less in June than in June
of 1934.
Production of tires has been lower than in 1934 owing
to the unfavorable trend of replacement tire sales.
With the large increase in motor vehicle production,
original equipment sales have shown a large increase.
Replacement sales so far this year have been considerably less than in 1934; this situation has been
reflected in the unsettled retail price structure.

automobile industry continues as a bright spot
in the business picture. The trend of sales has
been strong, after allowance for seasonal factors, with
the result that factories are still operating at a high
rate. On the basis of the weekly figures, it is estimated that July assemblies in the United States and
Canada will probably exceed 830,000 units, which
represents a large increase over the total produced in July
1934. The adjusted index in June recovered a considerable part of the loss of the preceding month when
production was curtailed by the strike which upset
the production schedule of a leading manufacturer.
One of the major producers, which reported June sales
in excess of 100,000 units, will shut down for 2 weeks
on July 26 for inventory purposes.
With the present level of production supplemented
by large retooling operations and plant expansions,
activity in the motor centers is unusually high for
this period of the year. Work in preparation for the
1936 models is proceeding steadily throughout the
industry, with at least one important producer in the
medium-price field arranging to introduce the new line
in August. The favorable trend of sales suggests that
the curtailment prior to the introduction of new
models will not be prolonged.
June production of cars was in line with expectations, United States production being larger than in
May on a daily average basis. The seasonally ad-

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Year and
month

Month ly av.,
192325=100
1929: June
1930: June
1931: June
1932: June
1933: June
1934:
Jane
July
August
September
October
November
December.1935:
January
February
March,.
April
May
Monthly average,
January through
June:
1933
1934
1335


1
Adjusted


Total

Passenger
cars 3

Total

Trucks

251
183
250

81
78
61
51
41
40
88

306
265
235
170
132
83
154

104
103
106
110
86
101

293
336
430
478
3G5
36 i

223
276
302

Unadjusted

Adjusted

Monthly average,
1929-31=100

Number

21, 4C2
15.0A)
6, 835
7,112

34,109 I 16,7&9
]
260, 946
5, 336
10,
4,310
201, 911
,
5, <43
, 972
1,3^,7 I 14% 752
2,47a | 174,219

45,197
41, 839
51,311
i4, 967
47, 988
31, 162
42, 563

13, 905
11, 114
9,901
5, 57:>
3 7^f*
l.'6,7
2, 694

6,816
6. ?38
7, :;05
7, 530

223, 86 i
22", 7f)0

7. 072
7, H I

107, (*4*i
75, 514

63,581
60, 077

10, 607
1:\ 114
2], 975
24,121
20, 7 H
ii,:r

6, 591
6, 760
8.820
fr. 0.-2

136, 6 55
170,615
261,477
319, 652

9*, 753

2^0)JCO

151
2S5

93, IS?
48, 570
4.), 241

208

42] 130

261
223
184
125
49
111

Pneumatic
tires 2

Production

Crude rubber

Domestic
Doconmestic
sumpshiption,
ments
total

Imports

World
stocks,
end of
month

I

Thousands

153
91
65
47
65

New
New
compassenmercial
ger cars
cars

New passengercar sales

Canada

United States
F.R.B.
Index,
adjusted i

Registrations

PassenTrucks
ger

Automobile production

L o n g tons

Thousands

45, 079
?6, 4bo
28, 490
17,513
23,254

183.2 !
118.2 !
80.8
56. 5
05. 2

141.5
90.0
61.5
42.5
49.0

5, 478
4, 098
4,538
4, 515
4,880

5, 288
4, 050
4,320
7, 971

38, 905
31,170
34, 883
35, 987
44, 654

41, 828
40, 382
46, 939
41 117
23.. 504

289, 084
418, 509
533, 021
505,712
Gi3, 055

3i, 778
37, 4. 0
40.790

81.6
73. 9
63. 1
51.9 '
47. 3
13. 2
27. 7

63.5
67. 0
56.0
53. 0
59.0
63.0
49.0

4, 212
3, 252
3, 427
2, 848
3,188
3,241
3, 665

4, 956
3, 954
4,091
2. 993
2. 834
3,026
2, 921

36, 620
30, 035
30,312
27, 317
28, 526
31,358
32, 996

48,748
42, 674
32, 700
32,010
29, 240
37, 212
18.. 171

672, 804
076. 200
674, 702
694,361
680, 616
684, 408

4,488

3, 469
3,112
4, 000
4, 908
3,850

42. 864
38, 868
38, 997
40, 913
37, 827
S3, ZZ1

40,
47,
46,
41,
30,

523
844
640
456
705

698,153
686,195
678,809
677, 006
677, 569
673,0C0

9 2, 391 0 2, 468
n
- 4, 397 » 3, 875
t> 4, 876 ' 3, 808

26, 785
38, 688
38,799

25, 564
45, 064
39,892

628, 034
668,746

146, 931

21,125

|
OS, 018

7\ 118
57, 205
U, 71 i

067

3 i, 759
31,797
41,511
46, 785
17,*'i'S
5y, 000

51.5
7?. 7
100. 2
116.7
i-s. 4
10*. 0

75.0 |i
86. 5 i I

4, 2 5 1

94.5
78.5
70. 0
78.

4,21,
4, 376
4,050

i
44
75
102

Ifi5
2S6
377

139 , 25,780
234
52,010
Si, 952

m

for seasonal variations.

2

I
6,377 I
5, 603
I 13,681
13,223
I IS, 555
15,925

See note on p . 55.

3

16,325
8,312
,718

i 113,747
I 165,926
243,657

15, 472
32. 461
&% 837

90. 7

Taxicabs included with passenger cars.

See footnote on p . 59.

" 5 m o n t h s ' average.

13

SURVEY OF CURRENT BUSINESS

August 1935

Forest Products
'UMBER production expanded during June and lishments showed appreciable gains. Pay rolls in the
July, partly as a result of the resumption of industry were higher for the month, increases occurWest coast lumbering operations on a more normal ring over May in all groups.
Significant among recent happenings in the indusbasis after the strike had curtailed production during
May. Shipments and new orders exceeded the cut try was the liquidating of the affairs of the Lumber
during most of this period, resulting in some further Code Authority. Most of the code activities have
been transferred to the Lumber Manufacturers* Assoreduction in stocks.
The improvement in residential building, together ciation. At a recent meeting, the committee of the
with the upward trend of the furniture business and Association expressed a desire to maintain the conother major consuming lines, has resulted in sub- structive wage, hours, conservation, and fair practice
stantial increases over a year ago in both orders and provisions of the codes. Members were urged to
shipments of lumber. Through June, the gains have maintain wage standards as high as those required
amounted to about 25 percent. In the first half of previously by the code and also to observe a work
July, the increases over a year ago were considerably week of not more than 48 hours.
Production of all grades of paper was at a higher
higher. While instrumental in improving the statistical position of the industry, the expansion to date rate in June than in May. Average weekly producstill leaves the operating rates at a low level in relation tion ratios of mills producing white and coarse papers
increased from 69 at the end of May to 73 at the end
to predepression conditions.
Efforts to reduce the stocks of lumber held by the of June, most of the increase taking place in coarse
industry have resulted in a drop of 17 percent in the paper mills. During the first 3 weeks of July the
gross stocks of 830 identical mills in the year ended rate of operations dropped to 66 percent partly by
reason of mill closings for the holiday period. PaperJune 30.
Employment in the lumber and allied products board production in June was at a higher rate than in
industry declined 3.9 percent from May to June, May, the operating ratio advancing from 61 to 65
following a drop of 1.5 percent from April to May. percent.
Newsprint production in both the United States
The decline in June was occasioned by strike conditions in the West coast area which forced the general and Canada showed a seasonal decline during June,
index of employment in sawmills down 9.1 percent. Although Canadian production declined, it was neverEmployment in furniture factories and millwork estab- theless the highest June output on record.

FOREST PRODUGTS STATISTICS
Lumber production

Year and month

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

Total

1,033
1,066
1,139

1933
1934
1935

 1 Of forest products.


!

218
127
91
121

112.4
91. 7
75.8
54.6
61.6

77
70
144
141
129
123
103

108
99
99
98
102
96
79

33
30
29
30
30
30
32

111
144
145
158
69
68

100
102
103
107
107
110

121
126
116

96
114
105

2 See note on p. 54.

Unadjusted
Turpentine
Turarid
penrosin, Furni- tine
and
unad- ture
rosin
justed

Total

Book
paper, News- Paper
unprint board
eoated

Wrapping
paper

Consum p»
lion
by
publishers

Short tons

94.5
70.8
81.1

109. 2
79.4
58.2
29.2
34.0

31.6
33.2

64.7
64.9
62.8
63.0
61.2
60.7
62.9

98.6
97.3
98.3
96.2
89.3
92.4
92.9

41.2
39.3
42.7
44.6
47.2
44.5
45.9

51.0
50.3
51.3
52.2
45.1
47.9
50.2

645, 602
588, 957
707, 942
637,172
762, 737
658, 391
618, 648

31
35
33
33
33
35

66.4
67.6
70.3
71.1
70.5
69.6

95.6
96.3
99.7
99.2
99.0
99.0

43.5
47.1
49.7
49.2
47.1
48. 5

52.7
54.2
52.3
57.9
57.3
53.9

759, 837
704, 580
752, 875
731,016

24

54. 3
63. 6

33

SO

70.0
100.0
98,1

27.2
39.8
47.5

29.9
50.7
55. 7

3

Newsprint

Paper production 8

Pay rolls

Monthly average, 1923-2.5=100
92
65
41
22
35

335
253
200
89
175
1,350
1,117
1,430
1,170
1,189
974
822

Employment

FurniCaliture,
Doug- South- fornia
Adern
las Or
redJusted' adpine
wood
justed

Millions of feet, board measure
1929:
1930:
1931:
1932:
1933:
1934:

Car
loadings i

113,
108,
101,
85,
81,

Adjusted for seasonal variations.

192,424
177,800
161, 265
138,204
ISO, 879

331
451
008
0S9
352

292, % 7

84,973
69, 619
83,066
73, 243
87, 394
79,936
74, 427

83, 517
76,184
80, 904
74,120
80, 562
74, 851
79,777

224, 214
201, 924
246, 266
233. 426
263,679
227, 733
199, 940

109, 568
103, 667
134,136
111,076
151,019
126, 441
120, 246

154,175
150, 500
145, 095
151,900
168,372
172,287
165, 496

88, 878
86,989
96, 411
96,852

80, 576
70, 812
73, 528
74,891
84, 361
77,339

262, 026
251,870
275, 770
260, 851
262, 463
256,665

147,698
135,078
139,857
132, 986

157,870
169,816
171,138
166,122
201, 970
161,884

76, 225
81,800
76,918

242, 096
233, 420
261,698

c 5 months' average.

131,807
159,952
171,46?

14

SURVEY OF CURRENT BUSINESS

August 1935

Iron and Steel
PRODUCTION in the iron and steel industry did
not undergo the usual seasonal recession during
July. Wide-spread curtailment of operations in the
first week of the month carried the ingot rate to about
one-third of rated capacity, but the rapid increase in
the following weeks advanced the rate to about 45
percent of capacity in the latter part of July. Steel
production in July was considerably higher than a year
ago when the rate of output was tending downward,
following the stocking movement in the second quarter
and the unsuccessful attempt to raise prices at the
opening of the third quarter.
Substantial steel releases in July to replenish depleted
stocks in the hands of major consuming industries and
to meet the need for raw stock by finishers who had
previously underestimated their requirements are
indicated by the trade reviews. The buying has been
well diversified. Tin-plate production has increased
to over 80 percent of capacity. Automobile manufacturers have released some steel as assemblies on current
models are holding up better than anticipated. No
important tonnage for 1936 models is in evidence as
yet but the trade expects some releases by mid-August.
Purchases by farm implement makers continue at a
good level. A slight improvement in structural steel
has occurred; total awards for construction steel this
year through mid-July were one-sixth less than in the

same period of 1934. Orders from the railroads still
yield but little tonnage.
Total output of steel ingots in June was 15 percent
below May. The daily rate fell 8.6 percent, which was
equivalent to the usual seasonal decline. In the first
6 months of the year, total output of steel ingots was
16,025,000 tons, or 2.3 percent less than in the same
period of 1934. This deficit will probably be wiped
out by the July figures.
Shipments of finished products by the United States
Steel Corporation on a daily average basis were 4.3
percent higher in June than in May. The decline
from June 1934, when shipments were abnormally
large because of the impending price increase, was 39
percent. For the first half of the year shipments were
3.4 percent below shipments in the same period of 1934.
Independent manufacturers of steel sheets report that
shipments dropped 14 percent and production 25 percent from May to June.
A sharp contraseasonal gain was reported in machinetool orders for June. The index on a 1926 shipments
base rose from 73.3 to 91.1, and was above the 1919-33
average for the first time since early 1930. All of the
increase is accounted for by enlarged domestic business.
The index of domestic orders was 32 percent higher
than in May while the index of foreign orders declined
2.5 percent.

IRON AND STEEL STATISTICS
General operations

Year and month

EmProduc- ploy- Pay
tion, ment, rolls, Ex- Imunad- ports ports
adadjusted l justed ^justed
Monthly average,
1923-25=100

1929:
1930:
1931:
1932:
1933:
1934:

1935:

,

January
February
March

May
.Tone
Monthly average,
through June:
1933
1934

Production

Furnaces
in
blast

Thousands of long
tons

Number

January

104.4
92.3
70.4
52.3
55.6

111.4
92.5
57.0
27.2
36.2

248
159
76
52
103

61
49
38
34
34

3,717
2.934
1, 639
628
1, 265

78.3
75.4
68.8
65.4
65.6
66.4
67.7

62.6
47. 6
45.5
41.1
42. 8
44.2
47.6

219
233
243
301
220
299
283

25
18
32
24
20
35
20

51.9
59.0
59.3
59.4
58. 5
55. 5

263
229
323
20")
2^7
299

26.8 : 86
G:. 1 • 200
57." '! 230

70. 8
71. 1
71.5
71.6
40.1
70.-i

* Adjusted for seasonal variations,




Pig iron

69.4
70. 6

148
102
61
26
71

June
June
June
June
June
June
July
August,
September
October
November
December

Iron and
steel

218
160
91
48
90

Steel In gots j I Steel sheets2 United
Prices
States
Steel
Corporation, Iron Steel
FinSteel
ProNew Ship- finished and billets, scrap ished
duc- Peror- ments prod- steel, Besse- (Chi- steel,
mer
ucts,
tion cent ders
com-3 (Pitts- cago) comshipposite
of
ments posite burgh)
capacity
ThouDollars
sands
Thousands of
Long
per 100
Dollars per long ton
of long
short tons
tons
pounds
tons
4, 903
3.419
2, 128
913
2, 564

100
68
39
16
45

308
187
164
85
247

348
213
156
90
153

984, 739
653,104
324,746
603, 937

36.46
33.28
30.82
29.09
28.71

35. 25
31.00
29.00
26. 50
26.00

14.94
12.06
8.75
5.69
8.91

2.56
2.33
2.19
2.17
2.09

1,930
1,225
1, 054
898
951
957
1,028

3, 059
1, 489
1,381
1,269
1,482
1,611
1.964

53
27
23
23
25
28
36

115
73
66
103
133
193

302
85
78
73
95
109
142

985,337
369,938
378, 023
370, 306
343,962
366, 119
418,630

32.96
32.32
32.24
32.15
32.10
32.15
32. 39

29.00
27. 40
27.00
27. 00
27. 00
27.00
27. 00

9.75
9.55
9.19
8.50
8.75
9.25
10. 31

2. ha
2.46
2.44
2.44
2.44
2.44
2.44

23
29
21
29
48
33

1,477
1. 609
1,770
1, 663
1, 727
1, 553

2, 868
2, C41
2, 636

48
52
50
46
44
40

322
183
193
168
150
129

206
201
233
202
187
181

534, 055
583,137
668, 056
591,728
598, 915
578,108

32. 58
32, 54
32.36

27. CO
27. 00
27. 00
27. 00
27. 00
27.00

11.80 I
11.25
10. 50
9.85
10. 06
9.91

2.44
2.44
2.44
2.44
2. 14

31

740
1,633
1, G33

1, 479
2, 734
3,G71

20 |j 125
48 1 198
1
4? I 191

100
201
198

368, 737
613,149
592,333

28.14
26.00
0. L2
2.09
32.07
27.13
11.0L
2.40
2. 43
33.*? ! 27.00 10.57

2 Black, blue, galvanized, and full finished.

8

32. 35
32.43

See table on p. 19 of the January 1935 issue

SURVEY OF CURRENT BUSINESS

August 1935

15

Textile Industries
BUSINESS in the cotton-textile industry has continued depressed during July. The uncertain
status of the cotton-processing tax following the
decision of the Federal Circuit Court of Appeals at
Boston upholding an injunction against the collection
of the processing tax has introduced another element
of uncertainty, while congressional rejection of the
proposal ended the effort to place a compensatory
tax on rayon. Rayon deliveries in June increased
7 percent, after seasonal adjustment, and the action
above mentioned aided sales in the latter part of July.
In June, the Federal Reserve Board's adjusted
index of textile production was about the same as in
May, despite the decline in cotton consumption.
Daily average cotton consumption was lower than
in May, after adjustment lor the usual seasonal
decline, but was about 10 percent above Jane a year
ago when consumption was reduced by organized
curtailment of production.
Production of cotton gray goods was also lower,
available data for June indicating a weekly average
output of 100,000,000 yards, as compared with 105,000,000 yards in May. Production of finished goods
showed a much sharper decline.
Activity in the woolen industry continues at a high
rate. Woolen spindle activity increased 7 percent in
June, following a gain from April to May of 9 percent.

A review of the movements of the seasonally adjusted indexes of fiber consumption over the past
2}i years reveals sharply divergent trends of the
various branches of the textile industry. On a seasonally adjusted basis, wool consumption reached a
high since war times in May of this year, the gain
over the record low of only 10 months previous
amounting to over 300 percent. While subject to
rather violent ups and downs, the consumption of
rayon fiber during the same period has shown a
tendency to level off. Consumption in 1934 was the
largest in the history of the industry, although the
gain over 1933 was small.
In contrast to the trend in the rayon industry,
silk manufacturing has been declining since 1930.
The index of silk deliveries reached its peak in November 1930 at 182 percent of the 1923-25 average, In
June 1933 the index reached 172, then dropped to
82 in October of that year, following which it has
gradually moved upward. The cotton textile industry has shown a gradual decline since as far back as
1927. Despite this downward trend, the cotton consumption index in 1933 advanced sharply, reaching a
high of 139 in June of that year. However, this
proved to be a temporary spurt; a resumption of the
downward tendency has been in evidence since that
time.

TEXTILE STATISTICS
| Cotton,
raw
Production index, adjusted

Mill
consumption

Spindle activity,
total

Running
bales

120
83
98
63
133

589, 414
405. 238
453, 901
322, 706
697, 261

1935:

June
June
Juno
June
June
June
July
August
September
October
November
Decem ber

77
78
80
63
89
87
97

363,262
359,951
420,949
295,960
520,310
477, 060
413,535

5,241
5,152
5, 753
3,716
7,185
6, 703
6,027

January
February
March
April
May
Juno
Monthly average, |
January through |
June:
i

103
100
98
102
101

546, 787
478, 291
481.135
462, 844
469, 250
385,946

1933
1934
1935

95
88
109

532, 458
487, 515
470,709

Plain
bleached

Print
goods

Silk

Wool manufactures

Spinning
Looms
spindles
WholeConsale
price, sumption
cotton
goods
Wool- Wor- Nar- Wide
en
sted row

8,160
5,789
6,630
4,250
9,299

Monthly average,
1923-25
= 100
1929:
1930:
1931:
1932:
1933:
1934:

Cotton cloth,
finishing

Millions of
spindle
hours

Year and month

Wool

Cotton manufactures

Wholesale
price,
woolen
Delivand
worsted eries to
mills
goods

Monthly average,
1926
= 100

Spinning
spindles 3

Rayon
Whole- Deliveries
sale from mills
price,
raw,
Japan- UnAdese, 13- ad15 (New just- justed i
York)
ed

Percent

Monthly average,
1926=
100

Thousands
of
pounds

97.8
87.2
67.0
51.0
07.1

44, 066
32, 772
45, 805
18,933
58, 688

82
62
61
30
100

88.3
79.7
68.0
55.0
68.8

46, 504
29, 396
42,161
37, 466
53,627

4.925
3.251
2.463
1. 194
2.155

254
225
288
137
450

299
269
347
166
556

106, 741 83,414
101,015
75.833
113, 209 84,499
111,581
90,772
134, 386 126, 384
126, 726 114,139
128,898 107,379

88.0
85.1
86.4
87,8
88.6
84 4
81.3

28, 213
27, 254

28, 495
23,467
34, 065
44, 858
57, 065

71
71
72
45
63

80.8
80.7
78.9
78.0
74.8
74.1
74.0

33, 069
32, 021
36, 247
32, 599
49,106
37, 548
40, 941

1.199
40.0
41. 5 | 1.139
40.3 I 1.133
28. 0
1. 125
43.2
1.185
44.4
1. 292
46. 8
1. 358

305
334
307
308
382
386
488

382
440
287
221
357
429
574

7,510
6, 575
6, 063
6, 058
6,095
5,083

145, 890
137. 335
148,710
144,429
130, 284
1

84.1
83. 3
82.4
81.8
82. 7
83,5

58,370
51,616
65,006
62, 068
70,617
80,423

73.8
73.6
73.1
73. 1
73.5
75.6

47, 443
41,732
44,347
39, 757
38, 361

52.2
45.8
40.5

1.348
1. 432
1.327
1. 391
1.418

553
441
295
274
417

565
387
279
264
439
470

7,388
6, 857
(i, 331

135, 542 109, 5G9
134,525 108,610

368
338
383

383
341
*0t

Thousands of
yards


'Adjusted for seasonal variations.


120,203
117,780
122,548
104,597
100, 265
S8, 300

Percent of active hours
to total reported

54.2 ! 38,003
87.5 | 31,792
!
82,8 | 64,884
|
2

Grease equivalent; see note on p. 58.

Bales of
of
Dollars
133
per
active
pounds hours pound

to total

57.2
43,415 !
82.7
38,874 |
73.8 I iO,S95 !
3

M. 0

1.459
49.7 I 1.308
! 1.382

Twisting spindles.

Daily
average,
1923-25=100

16

SURVEY OF CUERENT BUSINESS

August 1935

National Income Increased Five Billion
Dollars in 1934
Robert R. Nathan, Chief, National Income Section, Division of Economic Research

1934, estimated income
the form of
INwages, salaries, and otherpayments inand net rents
labor income, interest,
dividends, entrepreneurial withdrawals,
and royalties to individuals for economic services rendered totaled 49.4 billion dollars as compared with 44.4
billion dollars in 1933, a gain of 11 percent. This
increase brought the total national income paid out to
a slightly higher figure than that estimated for 1932.
The 1934 total was still 37 percent below that of 1929
when the national income paid out equaled 78.6 billion
dollars. Each of the 12 major industrial groups, with
the single exception of the electric light and power and
manufactured gas industry, and each type of income
payment, except interest, shared in the 1934 rise. Generally, the 1934 gains were largest in those industries
and types of income payments which had recorded the
largest relative declines during the depression.
Work relief payments, including pay rolls and maintenance received by members of the Civilian Conservation Corps, pay rolls on Civil Works Administration and Federal Emergency Relief Administration
work projects, and administrative pay rolls of State,
county, and other local public relief administrative
agencies, are included in the estimates. These payments increased from 637 million dollars in 1933 to
1,394 million dollars in 1934. If they are excluded, the
national income paid out in 1934 was larger than in
the preceding year by 4.2 billion dollars, or 10 percent.
Pay rolls disbursed on Public Works Administration
projects are included in the estimates for the construction industry for those projects carried on under
contract and in the estimates for other industries
where the projects were carried on by the industry
itself, with the aid of Public Works Administration
funds. Pay rolls on Public Works Administration
projects totaled 33 million dollars in 1933 and 302
million dollars in 1934. Prior to 1933 there were
many work relief projects financed in the main from
funds provided by local and State governments or
private relief agencies, but there is no basis for estimating this total and as a result they do not appear in
the estimates. Direct relief disbursements from public and private funds are excluded from the estimates,
since they are not regarded as income payments for
economic services rendered.
Business Losses Substantially Reduced

Available data indicate a marked decline in both 1933
and 1934 in business losses which in 1932 equaled
approximately 10 billion dollars. Estimates of busi-




ness savings and losses and of income produced are
not presented in the tables in this article since the
income-tax data necessary for the preparation of these
estimates are not yet available for 1933 and 1934.
According to a tabulated sample of published corporation reports, business losses in 1933 were less than
one-half of the 1932 total and in 1934 were further
reduced to a point between one-fourth and one-fifth
of the 1932 figure. Since the national income produced
is estimated by adding business savings to or deducting
Table 1.—National Income Paid Out, by Types of Payment
1929

1930

1931

1932

1933

1934

Item
Millions of dollars

Total income paid out
78, 576 72, 973 61, 433 47, 964 44, 431 49, 440
51, 088 46, 844 39, 444 30, 643 29, 121 33, 109
',
Labor income
;9,
5,664 5, 551 4, 606
Salaries (selected industries)1
387
3, 196
17,197 14, 251 10, 608
017 7,189 8,944
Wages (selected industries)1
Salaries and wages2(all other industries)- 27, 291 26, 052 23,148 19,141 17, 325 18, 675
637 1,394
Work relief wages
990 1,082
900
973
Other labor income
936
6,995 7,143
Property income 3
11, 632 11, 719 10, 076
2, 042 2, 307
Dividends
5,963 5, 794! 4,312
4, 569 4,509
Interest
5,104 5,310 5, 228
950 1, 0S5Net rents and royalties
3,432 2,763 1,847
7, 365 8,103
Entrepreneurial withdrawals
12, 424 11, 647 10, 066
Percentage of 1929
Total income paid out
Labor income
Salaries (selected industries) 1
Wages (selected industries) 1
Salaries and wages (all other industries) Work relief wages 2
Other labor income
Property income 3
Dividends
Interest
Net rents and royalties
Entrepreneurial withdrawals

100.0
100.0
100. 0
100.0
100.0

92.9

78.2

98.0
82.9
95.5

81.3
61.7
84.8

56.5!
57.0!
52.9!
41.8
63.5

62.9
64.8
56.4
52.0
68.4

100.0 105.8 115.6 117. 3 104. 0
100.0 100.7 86.6 70.4 60. 1
100.0 97.2 72.3 46.1 34.2
100. 0 104.0 102. 4 98. 9: 89.5
100. 0 80.5 53.8 33.6 27. 7
100.0 93.7 81.0 64.2 59.3

66. 2
61.4
38.7
88.3
31.6
65.2

61.01

60. 01
59.8!
40.8
70.1

business losses from income paid out, the above evidence indicates an increase in the national income
produced of approximately 6 to 7 billion dollars from
1933 to 1934, bringing the income produced total to
a level about 2 billion dollars below the income paid
out. These marked declines in business losses represent a substantial reduction in the draft upon industries' capital and surplus accounts in sustaining income
payments.
Basis of the Estimates

Estimates presented herein for the years 1929 to
1932, inclusive, represent revisions of the figures presented in the first study of national income prepared
bj the Department of Commerce in cooperation with
the National Bureau of Economic Research and pub-

SURVEY OF CURRENT BUSINESS

August 1935

lished under the title " National Income, 1929-32",
Senate Document No. 124, Seventy-third Congress,
second session. Preliminary estimates for the year
1933 were published in the January 1935 issue of the
Survey of Current Business. Partial revision of these
estimates has been occasioned by the use of mare
recent basic data, major changes in the estimates for
the finance industry, and by the return to the methods
used in the first volume in estimating separately
income paid out and income produced in agriculture.
Both the 1933 and 1934 figures presented in this
article are preliminary, the property income estimates
in particular being subject to revisions when the statistics of corporate income-tax returns for these two }^ears
become available. Final figures for the years 1929 to
1933, inclusive, and preliminary figures for 1934 will
be presented in complete detail, classified by industrial
sources of income and by types of payment, in a volume
to appear later in the year. This report will include
estimates of business savings and losses and income
produced as well as income paid out.
A thorough discussion of the concepts, methods, and
limitations of the estimates is presented in the original
report cited above. While the concepts of income as
defined in that study generally have been unchanged,
there have been many departures in the sources of
information upon which the estimates are based and in
the methods of estimation. The results of the 1933
Census of American Business, encompassing wholesale
and retail trade and service establishments, led to
revisions in the trade and service estimates, particularly in the latter. New basic data in many other
fields have resulted in a higher degree of accuracy in
the estimates.
Table 2.—Percentage Distribution of Income Paid Out, by Types of
Payment
Type of payment
Total income paid out
Labor income
Salaries (selected industries)l l
Wages (selected industries)
Salaries and wages (all other industries) .
Work relief wages 2
Other labor income
Property income 3
Dividends
Interest
Net rents and royalties
E ntrepreneurial withdrawals

1929

1930

1931

1932

100.0 100.0 100.0 100.0
65.0 64.2 64.2 63.9
7.5
7.1
7.2
21.9 19.5 17.3 14.6
34.7 35.7 37.7 39.9
1.2
14.8
7.6
6.5
4.4
15.8

1.4
16.0
7.9
7.3
3.8
16.0

1.7
16.4
7.0
8.5
3.0
16.4

2.3
17.1
5.7
10.5
2.4
16.6

1933

1934
100.0
67.0
6.5
18.1
37.8
2.8
1.8
14.4
4.7
9.1
2.2
16.4

1
Includes mining, manufacturing, construction, steam railroads, Pullman, railway express, and water transportation.
2
Includes pay rolls and maintenance of members of the Civilian Conservation
Corps and pay rolls of Civil Works Administration and Federal Emergency Relief
Administration work projects plus administrative pay rolls outside of Washington.
3
Includes net balance of international flow of property incomes.

Income paid out may be briefly denned as the compensation paid to or received by individuals for their
productive services, whether labor, management, or
the furnishing of capital. The scope of the estimates
presented herein is largely limited to those economic
services which enter into the market place of our
economy. This limited scope leads to the exclusion
of services of housewives and other members of the
family in the home, and services of durable goods


4231—35
3


17

owned and possessed for personal use such as dwellings, furniture, and automobiles. Other payments
not counted because of difficulties of accurate estimation, because of duplication, or because no services are rendered or the services rendered are not
considered as economic or productive, include earnings
from odd jobs, changes in the value of assets, direct
relief and charity, and earnings from illegal pursuits.
Work relief wages are included on the presumption
that the workers have performed an economic service,
that the results are economically beneficial, and that
wages paid are in accordance with the value of the
services rendered. It should be noted that the relative increase in odd jobs during the depression may
result in some overstatement of the decline in income
paid out. The probable expansion of services in the
home, which were formerly purchased in the market,
results in a decrease in the estimates, whereas the
yield of these services may have increased.
Decline in Real Income

Real income did not vary to the extent of the dollar
decline indicated in table 1, since price changes were
an important factor in the movements indicated. Indexes of prices shed considerable light on the effect of
price movements on fluctuations of the national income
but they are not sufficiently representative to warrant
their use in deflating the income figures in order to
determine the drop in real income. The substantially
greater decline of income payments as compared with
prices does, however, indicate a marked decline in real
income during the depression. While income paid out
declined 43 percent from 1929 to 1933, the Bureau of
Labor Statistics indexes of the cost of living and of
wholesale prices decreased 23 percent and 31 percent,
respectively. The net decline from 1929 to 1934 in
income paid out was 37 percent as compared with a
decrease of 20 percent in the cost of living and 21 percent in the level of wholesale prices.
Variations in Income Payments
The movement of different types of income payments varied considerably during the depression as
shown in table 1. Except for the 1930 increase and
1934 decrease in interest paid, and the 1933 increase
in wages, every type of income payment decreased
continuously from 1929 to 1933 and increased in 1934.
The 1933 to 1934 changes tended to reduce the disparity of the trends for the earlier period. Relative
to 1929, labor income declined 43 percent by 1933
and increased 14 percent from 1933 to 1934 while
property income fell off 40 percent by 1933 and increased only 2 percent in 1934. Exclusive of work
relief payments, labor income increased 11 percent
from 1933 to 1934.
The less rapid decline in property incomes from
1929 to 1933 as compared with labor incomes was due
largely to the fixed nature of interest charges which

18

SURVEY OF CURRENT BUSINESS

did not fall below the 1929 level until 1932 and which
in 1933 were only 11 percent below the 1929 total.
Dividends, on the other hand, decreased substantially
after 1930, declining to 34 percent of the 1929 level
in 1933. Interest payments declined 1 percent in 1934
while dividends increased by 13 percent. Wages,
which had declined more than salaries in those industries in which wages and salaries could be segregated,
increased 24 percent in 1934 whereas salary payments
rose only 7 percent. The net decline in dividends
from 1929 to 1934 of 61 percent was considerably
greater than the drop in wages over the same period.
Net rents and royalties declined sharply during the
depression not only because of the marked drop in
gross rental income, but also because of the rigidity of
such items as taxes, insurance, interest, and depreciation,
which must be taken into account in determining the
net return to landlords. While the available statistics
on gross and net rents are not very reliable, the evidence
suggests a drop of nearly three-fourths in net rents and
royalties from 1929 to 1933 and a 14-percent rise in 1934.
Whereas the ratio of net to gross rents had been assumed
constant in the previous estimates, an attempt was
made in preparing the current figures to estimate the
change in this ratio from year to year, as a result the
figures have been revised substantially.
Entrepreneurial withdrawals, representing the income
withdrawn by owners and partners of unincorporated
establishments, professional practitioners, and other
self-employed persons, declined 41 percent from 1929 to
1933 and increased 10 percent in 1934. For many
industries, estimates of entrepreneurial withdrawals
are based on salary and wage estimates and this explains the relatively close relationship of the trends of
labor income and entrepreneurial withdrawals.
Better Balance in 1934 Relative to Conditions in 1929

The relative importance in each year of each type of
payment in the total income paid out appears in table 2.
The changes from 1929 to 1932 indicate only a slight
change in the relative proportion of labor income, a
relative increase in property income, and entrepreneurial withdrawals, and a sharp decrease in the proportion which net rents and royalties represented of the
total. The movement in 1933 and 1934 tended to
bring the relative weights of most series in 1934 closer
to their positions in 1929, although variations continued to persist. Labor income accounted for a
larger proportion of the total income in 1934 than in
1929 and property income for a slightly smaller portion.
Even if work-relief payments are excluded, this situation is true.
Increases in 1934 in 11 out of 12 Industrial Groups
Table 3 shows income payments by different industries for each year since 1929. With the exception of
the electric light and power industry income paid out



August 1935

by each industrial group increased in 1934. Generally,
the industries in which the declines had been most pronounced from 1929 to 1933 showed the largest gains
in 1934. Thus income paid out in 1934 increased 31
percent in the mining and quarrying, 21 percent in the
manufacturing, and 13 percent in the construction
industries, each of which had declined by more than
50 percent from 1929 to 1933. The increase in employees and restoration of employees' pay rates, as
well as the continued increase of interest charges on
expanding Government debt obligations, led to a rise
in income payments by Governmental agencies, excluding work relief, in 1934 to a point 3 percent above
the 1929 level.
Table 3.—National I n c o m e Paid Out, by n d u s t r i a l Division
1929

1930

1931

1932

1933

1934

Industry
Millions of dollars

Total
Agriculture _Mining...
..
Electric light and power and gas
Manufacturing
Construction
Transportation
Communication
Trade
.. - Finance
Government: Total
_
_Excluding work relief payments
Work relief payments 1
Service
Miscellaneous

- 78, 576 72, 973 61, 433 47, 964 44,431 49, 440
6, 157 5,495 4,271
2,080 1,733 1,206
1,304 1,475 1,408
18,014 15,942 12,363
3, 257 2,939 1,969
6,592 6,129 5,169
913
894
946
11,385 10, 839 9,555
8,415 7,540 6,296
6,809 7,048 7,193
6,809 7,048 7,193

3,192
813
1,275
8,544
948
4,083
801
7, 538
4,925
7,153
7,153

6,939
4,170

5,442
3,250

8,459
5,191

7,979
4,908

2,993 3,299
772 1,008
1,164
1,143
8 273 10, OOC
'781
869
3,747 3, 993
727
749
6,620 7,177
3,998 4,130
7,377 8,404
6,740 7,010
637 1,394
4,884 5,412
3,095 3,256

Percentage of 1929

Total

100.0

92.9

78.2

61.0

56.5

62.9

100.0
Agriculture . . .
100.0
Mining.
„ .
100.0
Electric light and power and gas
Manufacturing _ _ _ _
_ 100.0
100.0
Construction
Transportation
. .
100.0
Communication
100.0
100.0
Trade
Finance
- 100.0
100.0
Government: Total
100.0
Excluding work relief payments
Work relief payments 1
100.0
Service
100.0
Miscellaneous

89.2
83.3
113.1
88.5
90.2
93.0
103. 6
95.2
89.6
103.5
103.5

69.4
58.0
108.0
68.6
60.5
78.4
97.9
83.9
74.8
105.6
105.6

51.8
39.1
97.8
47.4
29.1
61.9
87.7
66.2
58.5
105.1
105.1

48.6
37.1
89.3
45.9
24.0
56.8
79.6
58.1
47.5
108.3
99.0

53.6
48.5

87.7
55.5
26.7
60.6
82.0
63.0
49.1
123.4
103.0

94.3
94.5

82.6

64.3
62.6

57.7
59.6

64.0
62.7

80.3

1
Includes pay rolls and maintenance of members of the Civilian Conservation
Corps and pay rolls of Civil Works Administration and Federal Relief Administration work projects plus administrative pay rolls outside of Washington.

Income paid out in 1934 in the agriculture industay
increased 10 percent, but there is evidence of a much
larger increase in the total income produced than in
the income paid out in this industry in 1934. The
marked improvement in the price of agricultural commodities and the disbursement of over one-half billion
dollars in rental and benefit payments by the Agriculture Adjustment Administration, which are included
in these estimates as an item in the gross income of
farmers, led to a substantial gain in the net income
available for the return on the farm operators labor,
management, and capital. There is evidence also to
indicate that the large business losses shown in 1932
for the agriculture industry have been eliminated and
that business savings occurred in 1934.

19

SUEVEY OF CURRENT BUSINESS

August 1935

EMPLOYMENT AND PAY ROLLS IN THE DURABLE AND NONDURABLE INDUSTRY GROUPS'
[Monthly average 1923-25=100]
1923 1 1934 | 1935 [ 1926 | 1937 | 1928 [ 1939 [ 1930 | 1931. | 1933 | 1933 | 193 4 | 1935
Month

DURABLE GROUP
Employment

January
February
March
April
May
June
__.
July
Augusr,
September
October
November
December
Monthly average.

99.2
101.5
104.0
105. 6
106.6
107.7
106. 6
106 4
106. 0
105.4
104. 3
102. 0

95.3
97.0
98.3
99.3
99.1
98.4
97.3
98.2
99.7
101.4
101.8
101. 9
-I99T0~I

100.6
102.0
103.1
102.7
98.8
94.7
91.1
91.0
91.8
93.4
93.1
94.7

ToO"

100. 9
102.3
103. 3
103. 5
102. 8
102. 3
101.1
102. 1
102. 7
102.2
100. 3

95. G
97.3
98. 2
98.1
98.0
97.1
94.9 !
95.8 |
94 9 i

?

92
90 o

89.8
91.8
93.7
94.7
96.1
96.6
95.8
9S. 1
99.4
99.8
99.3
98. 8
65.8 !

103.

P a y rolls
91.6
95.8
101.4
104. 6
109.1
110.0
104. 5
106. 0
105. 2
108.9
107.4
104. 0J

January
Februar y
March
April
May
June
July
August
September
October
November
December
M o n t h l y average..

-~-—j

97.9
92.5
105. 5
99. 7
101.7
106.6
100. 8
105. 7
101.9
100.3
99. 2
93. 0
84.0
87.3
97. 5
89,
97. 1
93.0 104.6
91.8 105.3
J>/>-9_l_105._7_
95. 8 ! 100. 1

99.0 !
105. 2
107. 3
100.5
105.2
104.9
99. 1 i
103.7 ;
103.1 !
107.0 I
103.2 !
100.9 |

93. 3
101.1
103. 4
103. 2
103.2
99. 8
93.9
97.5
95.1
96.8
93.3

89.5
96. 8
99.5
99.8
101.8
101. 2
97.1
102. 0
102.3
107. 0
104.2
103.9

59.8
64. 4
65.7
65.1
64.1
59. 4
54.3
52.9
49.6
48.5
46.4
45.8

41.3
42.0
40.4
38.0
37.0
33. 3
29. 8
28.2
27. 9 I
29.8 1
30.0 j
29.4 i
33. 9

101.8
101.7
100.9
100.1
98.0
96.9
94.7
95.9
98.9
96.5
92.7
90.1
97.4

87.8
89.0
90.0
89.8
89.3
88.0
88.2
89.8
91.1
88.0
84.2
83.0
88.2

80.9
82.2
81.2
78.5
74.8
72.4
70.1
74.2
80.4
82.3
79.9
77.8
77.9

76.0
77.6
74.7
76. 5
79.3
84.3
88.9
93.9
97.8
97.2
99 2
89.1
85.6

87.9
93. 0
95.4
95.8
94.3
92.3
90.8
94.0
88.2
95.1
92.4
92.7
92.7

92.3
94.1
94 8
94.0
91.6
90.4

103.2
104.1
103.5
100.8
98.3
96.5
92.3
93.2
96.0
93.0
87 4
86.5
96.2

100. 0
109. 0
112. 0
114. 7
115.8
112.9
107.1
112.6
111.7
111.1
101. 7
96.7
108. 8

83.0
86.9
88.3
86.3
85.2
82.7
81.3
82.5
80.8
77. 6
73 0
72.5
81.7

69.1
70.7
69.2
64.0
59.3
56.2
52.6
56.3
61.8
63.6
59 2
56. 9
61.6

54.5
56.2
52.1
54.4
57.9
63.1
67.0
73.3
77.6
77.3
79 1
70.1
64.6

69.7
76.9
80.1
80.0
78.1
75.1
73.9

79.0
82.5
83.8
82 3
79.1
77.6

90.1
94.6
95.1
95.3
93.3
89.1
78.1
75.6
74.7
73.7
68.4
6(5. 4
82.9 i

NONDURABLE GROUP
Employment
January
Februarv
_
IVIarch
April
May
- - June
Julv
August
September
_
October
November
December
_.
Monthly average

- -

-

- -

-

-

---

-

_

102.5
103.8
105.3
104.4
104.1
104.2
103. 3
104.0
105.2
103.6
102.2
100.8
103.6

99.8
100.8
100.1
97.0
94.6
93.0
90.9
93.4
97.3
97.3
96.7
97.7
96.6

97.5
99.3
99.5
98.3
97.0
97.5
98.5
101.0
103. 5
103.2
101.9
101.1
99.8

100.2
100. 6
100.9
99.1
97.8
98.3
97.5
100.6
104.1
104.2
102.5
101. 9
100. 6

101.0
102.3
102.5
101. 3
100.3
101.2
101.6
103. 5
106. 5
105.2
103.1
101.7
102.5

100. 6
101.8
101. 8
99.6
98.0
99.0
99.7
102. 3
105.3
105.6
104.3
103. 7
101. 8

98.5
100.8
104.1
103. 1
105.0
104.5
101.9
101.1
103.2
103.0
100 8
101.6
102. 4

99.8
102.2
101.0
96.8
94.1
91.6
88.0
91.9
96.9
97.8
96 1
100.0
96.4

99.3
102.1
103.4
99.0
99.2
98.2
98.6
101.7
101.0
104.7
103 7
104.6
101.3

103.5
104.9
105.5
101.8
100.4
101.3
98.9
103.0
105. 9
108.5
105 3
100. 8
103. 8

104.7
108.6
108.7
106.1
105.1
105.8
104.3
107.4
109.6
108.8
105 1
106. 3
106. 7

104.1
106.8
106.4
101.5
100.8
102.5
101.6
104.9
107. 6
109.8
106 1
107. 8
105. 0

102.7
104. 3
104.9
105.4
104.1
104.7
105.8
108.6
111.4
110.6
107.1
104.0
106.1

Pay rolls
January
February
isA. arch
April
May

-

-

-- ._ -- - -

-

June

-- -

-

_

July
August
SeDtember
October

- -

- -

December.. _ _ _ _ _ _ - _ - - - - - _ Monthly average.. . . . . _ . - . - --

~-

105. 3
109.8
111.0
110.2
109.3
109.1
107.3
111.3
114.4
114. 2
107 4
105. 8
109. 6

74. 0
79 6
7G 6
79. 5
76.8

1 Compiled b y t h e U. S. Department of Labor, Bureau of Labor Statistics a n d represents a grouping of t h e e m p l o y m e n t a n d pay-roll indexes. T h e grouping has been m a d e
on t h e basis of t h e 14 major groups, r a t h e r t h a n b y i n d i v i d u a l industries. T h e combined index for durable goods includes t h e following groups: Iron a n d steel, machinery,
transportation equipment, railroad repair shops, nonferrous metals, lumber and allied products, and stone, clay, and glass products. The nondurable index includes chemicals, foods, leathers, and textiles andfctheir?products; rubber products, paper and printing, and tobacco manufactures.

ELECTRIC STREET RAILWAYS AND BUSSES—OPERATING REVENUE AND PASSENGERS
CARRIED
Operating revenue l

Month
1932

January
February
March
April
lVIq,y
June
julv
August
September
October
November
December _
Total
Monthly average

-

-

Revenue passengers carried2
Thousands

Thousands of dollars
1933

1934

60, 745
54,801
61,137
58, 067
57, 022
53, 364
49,118
48, 922
50, 229
53,364
51 535
54,866
653,169
54,431

51, 280
47,368
50, 377
49, 836
51, 340
49, 414
46, 766
48,150
49, 053
52,604
50, 859
54,831
601,880
50,157

55, 038
51, 234
58,145
54, 277
55,292
51, 995
48,127
49, 205
49,014
54,467
51, 551
55, 736
634,080
52, 840

1929

1935
55, 302
51, 275
56,104
54, 733

1
1

1930

1931

1932

1933

1934

1, 020 041
948, 997
1,041,731
1, 001, 372
1,026,867
961,366
930, 890
928, 657
931,404
1,010,989
971, 986
1, 022, 083
11,790,382
983, 032

1, 005, 760
908, 380
973, 498
951, 003
960, 635
890, 224
844, 689
826, 040
855, 494
918, 079
863,513
929, 278
10, 926, 593
910, 549

S91, 506
811,819
887, 636
874, 352
867, 069
820, 965
770,863
744, 345
764,898
828, 016
772, 412
832, 819
9,866,698
822, 225

793, 707
749, 877
793,191
769. 955
755.911
703, 895
644, 056
644, 082
666, 914
711,265
690, 768
735, 379
8, 659, 090
721, 591

694, 572
641,145
691, 663
677, 560
697, 705
665,181
625, ?79
643,438
658, 244
713,399
694, 913
747, 880
8,151, 079
679, 257

755, 784
700, 533
795, 718
739, 951
756, 956
705, 536
646, 538
660, 714
662, 252
745,910
709, 627
761, 702
8, 641, 222
720. 102

1935
758, 052
70^, 736
771,846
747, 350
748, 630
693, 542

1 C o m p i l e d b y t h e American Transit Association a n d represents a revision of t h e series shown on page 114 of t h e 1932 A n n u a l Supplement a n d in subsequent m o n t h l y
•issues. T h e occasion for t h e revision was t h e fact t h a t t h e original series was o u t of line with t h e Census r e t u r n s reported for 1932 a n d it was desired to include motor-bus
revenues. T h e present series includes revenues derived from electric railways, motor b u s lines operated b y electric railways, motor b u s lines operated b y subsidiary comp a n i e s controlled b y electric railways, a n d motor-bus lines operated b y former electric street r a i l w a y s w h i c h h a v e a b a n d o n e d all street r a i l w a y operations. T h e series
formerly shown which included r e v e n u e s from street railway operation alone is available b a c k t o 1925. T h e present series does n o t i n c l u d e operations of so-called " i n d e p e n d e n t m o t o r b u s c o m p a n i e s . " D a t a on t h e p r e s e n t series does n o t extend back b e y o n d J a n u a r y 1932.
2 C o m p i l e d b y t h e American Transit Association.
These d a t a represent a revision of t h e series shown on page 19 of t h e August 1933 issue a n d i n s u b s e q u e n t m o n t h l y
issues u n t i l A p r i l 1935. T h e revision was occasioned b y some companies going o u t of business, other companies ceasing to report a n d some other companies which started
to report for t h e first t i m e . T h e net effect of t h e revision of t h e group h a s been a n increase of 11 companies, b u t no appreciable change h a s been effected in t h e representativeness of t h e d a t a as t h e present group of 210 companies represent a b o u t 92 percent of t h e passenger traffic of all companies in t h e i n d u s t r y . I n order to m a k e t h e figures
c o m p a r a b l e for t h e years 1929-35, inclusive, t h e d a t a for t h e years 1929-32 have been linked b y t h e use of percentage changes derived from t h e old series.




20

SURVEY OF CURRENT BUSINESS

August 1935

RECONSTRUCTION FINANCE CORPORATION—AMOUNT OF LOANS OUTSTANDING1
[Thousands of dollars]

Grand
total

Total section 5 as
amended

Banks
and trust
companies
(including receivers,
etc.)

70, 850
183,454
331,988
474, 531
724,123
860, 657
971, 605
998, 823
1, 088, 881
1,122, 721
1, 224, 799
3
732, 039

70,850
183,454
331,988
474,531
724, 123
850, 657
967, 657
984,663
1, 057, 453
1, 069, 643
1, 127, 770
3
713,890

39, 527
117, 747
223,010
318, 617
424, 896
500, 861
547, 196
534,184
574, 612
572, 567
594, 612
3
404, 348

January
February
March
April
May..
June
July
August
September
October
November
December.. .
Monthly av.
1934

1, 310, 341
1, 473, 869
1, 597, 588
1, 674,875
1, 823, 880
1, 852, 902
1, 855, 292
1,864.900
1,842,437
1, 821, 399
1, 956, 670
2, 258, 633
1,777,732

1, 170, 645
1,294,423
1,361,576
1,384,231
1,473,599
1,478,489
1,461,607
1, 458, 260
1,422,230
1, 389, 920
1,445,345
1, 550, 206
1,407,544

611,7^0
6o), 1 >8
())', iJ()
(>So, 808
7io 807
67-}, 7hi
671 (b~)
OS 1 110
677 2U
f)hl 0.'
6-5 > 2
>
71 ,4)0
f>*0. (>07

January
Feburary-- ._
March
April
May
June
July.
August...
September
October
November
December
Monthly av-

2,516,135
2,571,619
2, 655,010
2, 701, 390
2, 734, 874
2,872, 254
2, 707, 282
2, 685, 401
2, 668, 746
2, 649, 695
2, 664,115
2, 682, 007
2, 675, 711

1, 584, 832
1,561,492
1,498,826
1, 465, 533
1, 439,181
1, 425, 579
1, 330, 662
1, 291, 855
1, 277, 641
1, 275, 322
1, 285, 262
1, 295, 746
1, 394, 328

2, 657,867
2, 652, 039
2, 641,167
2, 649, 329
2, 664,911
2, 747, 496

1,251,311
1,217, 112
1,183, 651
1,167, 476
1,165, 674
1,137,162

1932
January..
February
March
April___
May
June
July
August
September _
_
October.. . . .
November
December.. ._
Monthly av_
1933

Building and
Insurloan
associa- ance
comtions
(includ- panies
ing receivers)

2,431
12, 542
31, 756
41,106
56, 476
67, 092
75, 272
78, 974
81, 184
84, 295
i 53. i 13

S."i. \2\)

6, 562
10, 685
18. 821
45, 440
49, 101
53, 466
57, 233
57, 893
58, 864
62, 449
4
42,051

M

'

(

Mortgage loan
companies

!

'2

*/. HI

M 0 0

M>, 20

72, Jt)O
72 l S )
7 > is *
i)i)n
{ • "21
>>

Sr

S , ")

*>.>, <>_>;

Vi 1>7
7s 101
7 i

7i
5»

2-7
1>1
*)2

07 7 1 )
b7 I )
' 0

(

J i(>

1, 277
9, 097
14,005
65, 973
72, 207
73,969
75, 451
76, 657
77, 366
77, 053
4
54, 312 i 3

79. ±7()
*0),*2)
l u > , 3o&>
IK,318
I ' O , 2< >
1 ) », )19
1 J , 107

i \ n
n7 ^
i

>

f>

i

1 0 1M,
1"" ,

FinancFinanc- ing of Amounts
made
ing of agriculavailable
agricul- tural
comfor relief
tural
modiand
surpluses ties and work relivelief
stock

Total
Self liqRailroads
All
emerguidating
(includother
ency and
projects
ing reloans
construc- (includceivers
under
tion act ing earthand
section
as
quakes,
trustees)
5
! amended
etc.)

31. 322
472
54. 966
73 782
2,872
86, 865
4,406
139, 487
7 220
164, 043 17, 970
205, 781 20, 154
218,410 24,114
241,431 27, 886
249 952 29 711
272,472 I 36,889
158, 046 '4 17,169

3,948
14,160
31,428
53, 078
97, 029
5 39, 929

>A, m

IOJ.012

U\ lot)
U\,H\i
o 0 ~H
r>o Ibo
ji7 mo
, 2> 042

360
15, 737

5

139, 696
179, 446
223, 263
270,311
324,799
330, 949
342, 036
347, 314
353, 805
362,119
397,919
437, 438
309, 091

280,011 51.076
29'), 229
G8, 720
J 1 0 , J20
S7, l b l
$2 3,195 105, 5oO
\Us s » 1_\5, 1"3
JJ 1,0)9 143, 10b
13 5,245
Ii2,s22
102, ') 6
1 U, 1 >2
<)•), >y*
1 1 \ 107

1

:

7)11)

(>7 (nb

700, 638
690,474
651, 192
620, 482
605, 074
590,169
578, 050
591, 560
584, 037
579, 817
595, 070
626, 390
617, 829

02, 872
59, 604
55, 273
50,016
44, 530
39, 872
36, 220
30, 593
27, 697
24, 604
22, 558
19,951
39,485

56, 270
54, 059
51, 554
38, 250
35, 398
34,563
32, 524
31,363
30, 532
29, 852
29, 2oO
24.745
37,363 !

17S, 891
167, 264
161,049
187, 427
190, 821
191,531
184, 174
161,312
160, 057
158, 762
155. 628
159, 736
171,388

340,854
345,320
345,323
345,090
344,950
353,637
354,742
343,482
343, 595
353,491
361,830
370, 894
350,767

1245,307
244,771
1234,435
1224,268
i217, 408
215,807
1144,952
133,185
131, 723
128, 796
120, 926
88, 030
1177,467

514,031
538, 245
556, 232
561, 148
571, 632
611,485
571, 234
532, 465
504, 035
473,910
465, 591
473, 037
531,087

591, 649
564,515
538,431
522,471
503,000
480,404

15, 477
13, 428
12, 281
11,303
10, 385
9,808

23,953
22, 526
22, 035
21, 184
20, 060
19, 231

155, 839
154,957
151,796
149, 128
146, 426
145, 551

379,464
379,702
380, 199
380, 617
413, 438
414,344

84,929
81,984
78,909
76, 773
72, 365
67, 824

478, 385
481,064
490, 230
502, 604
512, 694
614,744

450
1 97fl
1 1,325

j
i
!
1

i

18,337 j
18,664 1
20, 684
25, 126
27,231
30,134
37, 972
1,498
41,801
3,401
48, 536
3,687
56, 038
3,906
60, 020
4, 498
63, 451
6,895
37, 333 e 3f 98i

71,497
71,217
80,195
82,666
88, 445
93,004
96, 033
107,159
111,062
112,063
116,891
122,536
96,064

1,213
1,227
1,205
2,444
2,723
2,741
3,194
2,919
2,567
3,160
34, 386
68, 077
10,488

Total act
Other
aploans
proved
M a r . 9, ; and
authori1933, as !
amended zations

3,948
14,160
30, 978
51 441 i
79] 967
36, 099

120,147
159,555
201, 374
242, 741
294, 845
298, 074
299,372
299,192
299,015
299, 015
299, 015
299, 015
259, 280

i 9,044 134,476
299, 015
| 10,053 157, 973
299, 003
11,051 165, 993
298, 992
12,315 167, 269
298,898
12, 750 171,876
298, 561
i 13,947 205,992
298, 542
I 15,185 161,478
298, 537
298, 524
14, 875 111,907
298, 009
14, 954 80, 011
298, 006
15,216 48, 626
297, 774
14,992 35,935
297, 774
15,176 37, 552
| 13,297 123,257 | 298,470

I

12,750 1
20, 333
25, 4S3
43,463
51, 648
59, 326
63,102
66, 060
110,106
264, 200
4 71, 647

7

3,300
3,300
3,300
6,789
4, 172

410, 484
465, 092
593, 052
656,191
704,030
814, 679
781, 409
803, 333
827, 374
837, 742
849, 432
863,984
717, 234

6,788
6,790
6,900
18,518
20, 031
20,511
23, 977
57, 748
59, 696
62, 721
63, 830
49, 240
33, 063

873,979
895, 904
902, 846
900, 541
902, 358
905, 262

54,192
57,959
64, 440
78, 708
84,185
90, 328

1935

January
February
March 2_._
Aprili*
May 2
June 2

125, 203
127, 604
132, 683
134, 269
137, 321
146, 457

15,176 40, 288
15,164 40,578
14, 953 44, 883
14, 963 55,661
14,926 62, 757
14, 532 156,066

297,
297,
297,
297,
297,
297,

718
718
711
711
690
689

1
Compiled by the Reconstruction Finance Corporation and represents a revision of the series shown on page 19 of the August 1933 and in subsequent monthly issues
until June 1935. T h e revision was made to include certain loaning agencies of the Corporation not included heretofore and for revisions made as a result of recent audits.
2
5
Figures include repayments unallocated, pending further advices.
5-month average August to December, inclusive.
3
6
11-month average February to December, inclusive.
6-month average J u l y to December, inclusive.
7
* 10-month average March to December, inclusive.
4-month average September to December, inclusive.

COPPER x
[Short tons]
Production
Month

Mines, United States
1931

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

1932

1933

1934

48, 059
47, 504
702
46, 452
45, 580
44, 473
38, 228
38, 925
38, 276
40, 458
40, 904
42. 841

T o t a l . - . 520.402 255.509 233, 649
Monthly avg.

43,367 21.292 19,471 19, 358

Refined (North and South
America)
1931

1932

102, 458
99, 853
102, 058
100, 501
102, 695
98, 275
96, 408
90,190

68,426 44, 200 63, 970
62,3931 48, 822 71,065
55, 353 45, 630 76, 283
54, 591 46, 299 70, 034
56, 278 51, 690 73, 224
54,865! 52, 531 72,211
53, 778 57, 244 76,104
45,840! 61. 897 80. 222
45,601 65,785 78,214!
56. 831! 64.220.' 88, 788;
50,903, 67,114: 83, 392i
49, 091: 63. 741! 83.573^

86, 704
90. 477
80, 792
86,188

1933

1934

Smelter, United States
1931

53,429
55,229!
57,922!
52, 085
53, 734
51, 652
46, 503
47, 246
47.012
49', 890
45, 590
49, 684

1932

! 1933

1394

!
I

Shipments; domestic refined

Stocks, refined, end of m o n t h
( N o r t h a n d South America)

1931

1931

60, 209
60, 636
74, 685
54, 567
45, 265
50, 217
43,144
45,816
40. 459
51. 348
I 37,436
! 36,972

1932

1933

50, 251
42, 769
40, 501
29, 767
26, 610
27, 365
15, 466
17,399
20, 945
31, 5891
18.881
14.422

19, 821
16, 473
17,846
22, 451
33. 913
42,152
50, 262
46, 926
41, 925
35, 903
30,684
23,393

1934

1932

1933

1934

30, 786 363, 827 539, 382 572,192 470,394
35, 320 363, 629 536, 090 577, 812 461,170
"354,205 532, 599 578, 958 443,463
41, 463
199
43, 243 367, 921 537,1 578,183 421, 278
46,133 398^ 667 549,043 564, 635 401, 231
' •-•-•
38, 638 413, 474 554, 293539,066375,178
35, 265 440, 417 569, 715 513,014 361,342
28, 814 455, 775 573, 032492, 422 357, 951
CM Aar.\A-rr\ one
24, 4651479, 896 563, 699 484,474 362,830
32, 682497, 995 558,179 477,854)360,131
31, 933521, 094 561, 492;470, 726J342, 480
28. 368^544, 278J572, 791 ;470, 5361350, 831

1, 1.36, 5991653. 950 669. 173 917. 0782 612,732:309, 160:284, 172 314, 19S|6U0, 754:335. 965J381. 729 417. 110
94,7171 54,496; 55.764

76,423

51,061| 25,763! 23,6811 26,183! 50,063 27, 9971 31,811 34, 759 433, 432J553, 960;526. 656 392, 357

1 Compiled b y t h e American Bureau of Metal Statistics and represents a continuation of the copper statistics last shown in the November 1932 issue of the Survey through
the m o n t h of December 1931. I t m a y be noted that although monthly fmnres on mine and smelter production in the United States were formerly published, they are only
available in annual form for the years 1932, 1933 and 1934. No data ara available on the production of world blister copper and stocks of blister copper in North and South
America subsequent to September 1931. As these statistics arc reported once a year by the reporting source it will not be possible to show the 1935 m o n t h l y data until 1936.
q
p
p
y
y
pg
p
y
q l the t t l
th 12 m n t h l y figures as some revisions which cannot be l l t d t h
h
h
h
b
FRASER 2 T h e t t l f this year d nott equal th total off the 12 monthly figures as some revisions which cannot be allocated to the m o n t h s off the year have been iincluded.
2 T h total for thi
does

Digitized for


21

SURVEY OF CURRENT BUSINESS

August 1935

WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1935

1934

1933

1935

Business activity:
New York Times**
Business Week*l
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, s p o t -

79.5 83.6 83.0 79.8
92.0
63.6 63.3 63.0 61.3 61.6 68.8

95.8
68.6

79.3
75.1 69.2
78.0
59.6
82.5 70.8 71.2 66. 1
77.9 78.5 78.6 73.2
82.6 81.
81.6 81.7 81.6 82.0 77.8 78. 11 69.6
56.5 56.
56.5 56.5 63.0 63.8 63.8 63.81 63.8
44.9 45. 2 46.0 44.9 44.9 43.
47.8 47.81 38.6

69.7
62.7
66.5
72.9

85.5 83.6
63.8 64.8 62.8

79.1 79.2
77.1 77.2 77.7
82.2 82.0 82.0
77.9 77.9 78.0

79.1 78.9
78.0 77. 1
81.9 81.6
77.8 77.9

70.4
63.8
37. 1

38.5 32.7
Construction contracts J
45.8 47.1 21.1 24. 5 16. 3 22. 1
Distribution: Carloadings. 62.2 61.9 59.1 49.3 64.5 59.2 63.5 64.3 67.3 68.5
Employment: Detroit, factory
93.7
90.7
62.8
83.9

Finance:
Failures, commercial
Security prices:
Bond prices+
Stock prices!

52.8

48.9

108.2 108.3 108. 3
1103.0 101. 101.3

' Computed normal = 100.

47.71 57.5: 56.3 52.8

81.8 89.9

i
107.9 105. 2 106.. 5 98. 21 98. 8
80.6 86.7 86.8 91.3
1.6 99.1

1934

1933

July July July! July! June June July July July July
22
29
27
20
13
6
29 22
28

July J u l y July June June July July July July
29
21 29
20
22

Finance—Continued.
Banking:
Debits
outside
N . Y. C.t
74.0 81.6 80.9
73.9 82.8 64.9
Federal Reserve reporting
member
banks:
Deposits:
Net demand
1156. 4 157. 2 156. 9 156. 3 155.4 154.6 127.
122. 8] 122. 4 123.5 123.7 126.
Time
|122.
Loans, total
66.4 66.9 66. 4 67. 2 67.2 67.0 71.
Interest rates:
6.1
Call loanst
6. 1 6. 1 6.1 24.
5.7
Time loans;
5. 7| 5.
5. 7 5. 7 5.7 22.
Money in circulation^ 113. 4l 114. 0 114.7 115.5 113.8 113.5 109.
Production:
Automobiles
j 108. 3 109.1 109.4 77.81116.6 118.7
Bituminous coalf
54.0 45.2 30.1 63.9 47.3
Electric powert
109. 5; 108. 5 106.0 99.3 108. 4 .06.5
Lumber
j 36.7 38.5 23.9 37.6 32.5
1
Petroleum
1131. 3:131. 51130. 3j128. 5 129.1 131.0
59.2! 55.3| 48.71 43.4 50.0 50.0
Steel ingots
I
Receipts, primary markets:
J 70.1 76.01 53.7 57.9 55. 9 j 180.
Cattle and calves
J 27.1| 33.31 24.5 29.4 30.8 61.
Hogs
Cotton
I 33. 25. 4i 10.0 8. lj 11.2 13.5 31.9
8
Wheat . . __
. . . i 110. 2! 85.4! 48.01 41. 8! 31.6 30.7 105.4

75.7

70.6 72.1

126.8
126.3 125.0
71.
78.6 79.6
24.2 24.2 24.2
22.9
110.0
96.4
56.3
99.9
27.0
124. 5
36.8

84.4 82.8
74.5 71.2
99.8
45.2
129. 5 128.3
72.4

196. 7 74.8; 72.4
73.8 64. 8 71.5
32.3 49. 21 70.8
138. 4

! Daily average.

f Weekly average, 1928-30=100.
t Latest week is preliminary.
• Index revised. See weekly supplement of June 1, 1933, for explanation.

WEEKLY BUSINESS STATISTICS
1935
July 27
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb.
Cotton, middling, spot, New York
dol. per lb.
Food index (Bradstreet's)9
dol. per lb_
Iron and steel composite!
dol. per tonWheat, No. 2 Hard Winter (K. C.)
dol. per bu.
Banking:
FINANCE
Debits, New; York City
mills, of doL
Debits, outside New York City
mills, of doL
Federal Reserve banks:
Reserve bank credit, total
mills, of doL
Bills bought
mills, of dol.
Bills discounted
mills, of doL
U. S. Government securities
mills, of dol.
Federal Reserve reporting member banks:§
Deposits, net demand
mills, of doL
Deposits, time
mills, of doL
Investments, total
mills, of doL
U. S. Government securities
mills, of doL
Loans, total
mills .of doL
On securities
mills, of doL
All other
mills, of dol.
Interest rates, call loans
percent_
Interest rates, time loans
percentExchange rates:
French franc (daily av.)
cents _
Pound sterling
dollarsFailures, commercial
numberMoney in circulation
mills, of doL
Security markets:
Bond sales (Ar. Y. S. E.)Ahous. of del. par valueBond prices, 40 corporate issues
dollars.
Stock sales (N. Y. S. E.)
thous. of sharesStock prices (N. Y. Times)
dol. per shareStock prices (Standard Statistics)
I n d u s t r i a l (351)
P u b l i c utilities (37)
Railroad (33)
PROIIUCTION, CONSTRUCTION,

1926 = 100.
1920 = 100
192G = 100_
1926 = 100.
AND

Production:
DISTRIBUTION
Automobiles (Cram's estimate)
number.
Bituminous coal (daily av.)..thous. of short tons.
Electric power
mills, of kw-hr_
Petroleum
thous. of bbL
Steel ingots (Dow-Jones' estimate).pet. of capacity.
Construction-contract awards (da. av.).thous. of dol.
Distribution:
Freight-car loadings, total
cars,
Coal and coke
cars_
Forest products
cars.
Grain and products
cars.
Livestock
cars_
Merchandise, 1. c. 1
cars
Ore
cars.
Miscell meous
cars.
Receipts:
Cattle and calves
thousands.
Hogs
thousands.
Cotton into sight
thous. of bales
Wheat, at primary markets
thous. of bu

July 20

July 13

1933

1934

July 6

June 29

June 22

1932

J u l y 28

J u l y 21

J u l y 29

J u l y 22

J u l y 30

0.078
. 122
2.60
32. 55
.99

0.078
.123
2.58
32.42
.95

0.078
. 125
2.58
32.40
.93

0.078
122
2.56
32.39
.93

0.087
.122
2.56
32. 39

0. 088
.119
2.58
32.40
.85

0.088
.130
2.18
32. 28
1.00

0.088
.130
2.17
32.28
.99

0.088
.105
1.99
29.88
.90

0.088
.101
2.08
29.80
1.06

0.50
0.60
1.72
28.83

3,548
3,429

4,185
3,783

2,992
3,124

3,230
3,427

4,251
3,839

2,861
3,011

3,528
3,511

4,377
3,274

4,269
3,341

2,457
2,516

2,460
5
6
2,430

2,472
5
2,430

2,473
5
7
2,430

5,115
4,668
2,468
5
8
2,431

2,472
5

2,482
5

2,430

2,430

2, 456
5
21
2, 432

2,460
5
23 J
2,432

2,201
10
161
2,028

2, 197
10
163
2,017

2,422
40
525
1,841

15, 544
4, 394
11,272
7,507
7,446
2, 997
4,449
.25
.25

15,618
4, 380
11,25;
7, 492
7,505
3,034
4, 471
.25
.25

15,580
4, 396
10, 960
7, 219
7, 454
3, 019
4, 435

15, 514
4, 385
10, 960
7,279
7,548
3, 099
4,449
.25
.25

15, 423
4,427
11,119
7,407
7, 549
3, 061
4, 488
.25
.25

15,353
4,434
11,093
7,388
7, 527
3,020
4,507
.25
.25

12, 755
4,501
9, 790
6, 671
7,938
3,493
4,445
1.00
1.00

12,697 I
4, 510
9. 796
6, 687
7, 961
3, 522
4,439
1.00
1.00

10, 598
4,538
8,101
5,117
8, 561
3,789
4,772
1.00
.50

10, 667
4,547
8,112
5,140
8, 654
3, 864
4,790
1.00
.46

10, 043
4,531
6, 748
3,872
9, 401
4,040
5,461
2.00
1.38

6,613
4.96
221
5, 509

6. 633
4.96
215
5,538

6. 626
4. 96
199
5, 570

6. 629
4.94
194
5, 607

6.632
4.94
234
5, 524

6.610
4.93
229
5,512

6. 590

5.04
215
5,310

6.597
5.04
234
5,342

5.377
4.58
333
5,619

5.582
4.75
366
5,651

3.914
3.53
5,718

50, 400
96. 89
7,464
100.01
80.0
92.9
72.4
34.8

49, 900
97.01
6, 282
98. 84
79.1
91.7
72.6
34.1

58, 340
97. 00
6,342
98. 38
79.0
91.3
74. 1
33.4

45, 630
97.06
4,002
96. 77
77.2
88.7
73.9
32.7

61, 570
96.84
4, 965
96. 24
76.2
88. 1
70.9
32.8

79, 670
96.62
6,721
96. 99
76.8
88.7
71.3
33. 5

80, 483
94. 17
10, 842
78.31 j
67.5 I
75.5 i
65.9 J
37.3

55, 220
95. 35
4.173
84.24
72.7
81.4
69.4
41.9

48, 200
87.98
12, 848
84.32
74.5
77.4
90.7
47.6

89,100
88.49
42, 335
88.62
81.9
85.0
99.0
53.9

66,484
74.13
10, 494
44. 47
40.2
40.1
61.3
18.4

82, 594
" 1,824

83, 255
919
1,807
2, 739
42
5,863

83,450
769
1, 766
2,715
37
5,245

59, 380
513
1,655
2,677
34

88, 537
1, 089
1,772
2,690
38
7,353

90, 561
805
1,775
2,728
38
7,450

69, 562
1,003
1,684
2,547 I
27 I
3,388 I

73,579
959
1, 664
2, 593
28
3,930

64, 425
1,268
1, 662
2,698
55
2, 619

63,137
1,213
1,654
2,673
56
3,554

22, 461
773
1,440
2,138
15
3,933

596, 462
107,515
28,G68
33, 351
9, 672
156, 337
34, OlS
226, 906

593, 366
94, 468
28, 416
33, 379
10,165
157,345
33, 274
236,319

566.488
80,149
26, 624
29,278
11.047
152,061
33, 942
233, 387

472, 421
54, 9S0
22, 040
23, 887
8,615
135,601
30, 043
197, 855

618. 036
124,199
28, 495
28, 230
9,406
157, 388
32, 590
237, 728

567, 847
93,443
25, 946
25, 091
9,084

616,040
102,215
22, 071
47,171
26,214
158, 636
32, 496
227, 237

644, 839
136, 583
28,017
33,529
15, 0S0
172, 872
28, 282
230, 476

656,380
124,764
29, 206
49,184
15,663

156, 571
31,373
226, 339

614,042
106, 198
21, 713
43, 627
26, 295
158, 514
30, 803
222, 892

172, 019
28, 007
237, 537

511,103
89, 662
15, 409
40, 504
14, 505
166, 870
6,447
177, 706

221
176
66
6,794

240
216
26
3,820

170
159
21
3, 329

183
191
29
2, 516

177
200
35
2,444

571
397
83
8,381

622
479
84
11,006

236
420
128
8,224

229
464
184
11,682

190
356
108
11,061

8,766

(109

§ Statistics cover 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reporting.
• Aggregate price of 1 pound each of 31 commodities.

T Revised series. See p. 19 of the January 1935 issue.



22

SURVEY OF CURRENT BUSINESS

August 1935

Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked witli an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Note, however, that many revisions have occurred since the last Annual Supplement was published. A special
supplement was included in the April 1935 issue, pages 51 to 72, inclusive. This supplement gave
the monthly averages of all current series for the years 1932, 1933, and 1934.
Data subsequent to June will be found in the Weekly Supplement to the Survey.
1934

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

1935
I

Juno

August Septeni-I O r , t n h p r Novem- Decem- January- Februber
October
ber
ary

July

March j April

May

BUSINESS INDEXES
BUSINESS ACTIVITY (Annalist) f
Combined index!
norrnal=100 .
Automobile production!
normal = 100-.
Boot and shoe production f_ .normal=100..
.
Carloadings, freight
normal=100Cement production
normal=100—
Cotton consumption
normal = 100—
Electric power production...normal=100_.
Luinbcr production
normal—100
Pig-iron production
normal —1.00—
Silk consumption
— normal = 100 _
Steel ingot production!
normal = 100—
Wool consumption f
normal =100—
Zinc production
normal = 100._

79.1
76.3
117.4
63.1
----100.0
49. 3
61.8
57.1

77. 2
70.9
108. 2
64. 9
52.8
68.5
95. 8
47.6
64.6
61. 7
77.4
54. 6
52.3

73.2
68.3
108. 9
61.9
49.6
77.6
96.7
44.8
40. 6
58.2
40.8
49.8
51.0

71.2
62.4
108.3
59. 6
43.8
82.4
94.1
55.5
34.8
57.1
34. 3
48.2
52.5

66.5
53.1
92. 5
59.1
46.8
58.5
92.4
50. 2
31.2
54.4
a 34. 7
29.2
53.7

84
a 84

73

73
71
67
62
100
87
38
107
38

73
70
56
63

70.5
51.4
89. 0
57.6
40.8
92.2
92. 5
46.7
31.8
75.5
0 36. 6
»64.6
66. 2

71. 5
46.4
99.2
58.9
42. 3
86.0
93.6
42. 5
33. 3
60.8
• 43. 4
»
« 93. 9
68.0

77. 4
80.9
110. 7
63.1
43.9
84. 3
97.8
46. 3
37.2
74.6
« 58. 0
« 100. 7
67.3

74

77
76
48
35
103
105

104.3
124.2
66. 2
37.9
97.0
98.5
54.6
52.3
67.1
a
70.0
« 126. 8
64.6

« 83. 3
100. 7
116.2
67.3
39.8
90.1
99.3
53. 5
58.1
68.2
0
69.3
0 101.0
65. 9

INDUSTRIAL PEODUCTION (F. B. B.)
\ UH'lliOhfi-^ '

Cev

'it

Foo
(Hi*

-

1 *»ri) i :
j 1 • '

I f 1 ( i 1 " H I ' ' •*' '

, ,

j

,i)

v

f

(

.

.. ,

,

1

1

!

1 (

~

,

i i c ,

-

!

)

i >

'•

i

\

P

'1 -

u " i , •'v' '.

l

_ _

i * "

.

T urnb T

165

,

.

UB

, !

H

|

,

p 95
150
v 97
P 85
v 71

)

i . ' M - ") 1 . ) )
_ . _ - 1 . ' ' _ > 2 1 - - H'O
!

-]

' 1 ~ ' > - 2 5 - I-).)
'

•

'

"

'

-

72
95
79
a 9.Q

56
v 137

\ < ) ( )

Zinc. .. ...
- . . . - l'J'2^-.?,' — 1 0 0 . _
T o r n l , d'.i.Mtf1. _
l'>j.i -•>=-.(!')__
M u i r i . V ' n M ~, -i ^ ; l t d
' V l > , 2-> = ^ 0 _ _

I ' o o d iif<"» ! > i » \ - . \ - — - Glass ' p i" •
i r o n . • m l ' " 1T

v 71 I

!',(j

-

, ,

> M

114

- —\ > )

. ,,

lio.i O ' P^ h
" i
1 <J l I . . . _ ' . 1

l.iJ">.-\"=- 1 0 0 .
1 ;'
5 - 1 ' 1!

, j

1

I3'4'!1''!

) ' " \"i - 11J(J

! ) ) ) '-")-- MM

1

•>•>•(

^

1

I

. . . . W 2 J 2." - i 0 ) .
M 2 . ; - 2 " =•'»»')
19 ^ ' . J - ' M —' l ' ) 0
1991'- '1—100

« 80. 6
98.7
« 117.1
03. 4
47.6
78.9
98.7

54.4
70.1
« 62. 3
a 102. 7

50.9
68.3
0
58. 8
0
129. 7
67. 2

0
79. Q
/0.4
« 109. c
61. 4

«99.

a

51.5
66. 7
58. 6
154. 4
65.0

04. 6
? S6
>

MiNuf-aur-',. a i'(liuvl.-d-.l"j.i-.',) = H.').

« 81. 5
102.1
116.8
66. 8
43. 1
82.5
98.8

73
144
60
58
106
o7
132
44

156
81
41
73
139
84
52
58
105

83
81
58
96
101 |
31 !

157
140
76
135
83
50

ss

07

102
33
152
76
133
63
Io9
87
62
08

1M
12
92
129
87
68
71
60
58

131
34

53

76
p 81
100
58
74
162
66
p 101

64
100
91
44
9$
29

73
37
53
110
87
40
93
30

78
53
102
92
47
99
29

56
01
48
108
86
33
36

s

50
120
37

88
32

26
47
108
79
45
88
25
156
80
12
91
128
84
65
73
11
57
120
38

73
<3
41
46
107
87
41
So
29

40
48
102
S3
48

92
26

89
26
155"
92
14
92

88
87
86
25
90
76
99
29
151
106
19
108
12S

91
91
111
27
79
179
83
110
29
156
110
105
~92

71
7G
60
120
54
70
86
85
45
102
140
64
104
29

82
82

85

50
75
90
00
104
42
91
174
79
107
33

129
70
79
89
88
103
45
81
166
79
108
30

91
130
90
34
75
199
80
111
153
102
69
100
124
90
4f>
87
56
130
78
88
86
106
77
183
71
108

89
91
141
50
205
74

0

87
a 87
108
65
78
169

a 111

102

X

153

ifiO
96

100

101

U

'79
51

71
60

130

a 132

78

73
85
«S4

i 2

86
110
51
SO
66
0 113

55
78
a ,36
111

Pa T w nnd nrint >n'T
1(P3 °5 —100
152 i
154
154
156
157
153
155
151
155
153
153
160
Petrolei in refminu:
1023-2.') = 10079
133
S3
79
82
107
84
101
93
115
88
75
Rubber tiies and tubes
1923-25 = 100-.
133 i
18
28
95
17
14
68
89
38
56
91
Shipbuilding
1923-25 = 100..
63 !
97
78
80
89
100
98
87
102
Textiles
.
1923-25 = 100 1 v 101
77
103
98
132
128
126
125 i
120
125
143
136
133
130
134
138
Tobacco manufactures
1923-25=100.
138
82
90
85
80
81
81
87
94
96
97
Minerals adjusted
1923-25 = 100
87
89
v
62 !
72
63 !
50
53
64
54
69
76
67
97
69
Anthracite
1923-25 — 100
64 1
61 !
64
72
66
65
65
74
81
87
Bituminous coal
1923-25 = 100
60
69
:
52
47
44
35
14
54
Iron ore shipments
1923-25—100
56
44 i
56
53 I
55
60
48
55
50
55
58
Lead
1923-25 — 100
55
63
0
122
122
121
128 1
124
124
132
132
130
131
* 134
Petroleum, crude
1923-25—100
130
131
39
36
39
45 !
40 !
35
53
50
65
50
Silver
1923-25-100
47
49
51
74
57 !
61 i
76
74
60
71
73
58
79
Zinc
1923-25 = 10075
73
« Eevised.
v Preliminary.
! Revised series, refer to the indicated pages of the monthly issues for revisions; Annalist indexes complete, annually 192CK28, monthly January 1929-December 1932,
October 1933, p. 19; Annalist indexes, combined, automobile and steel ingot production for 1933, August 1934,. p. 22; Annalist indexes, boot and shoe production for 1934,
April 1935, p. 22; Annalist indexes, combined, automobile production and wool consumption revised for 1934, July 1935, p. 22; Federal Reserve Board indexes, leather and
shoe production. January 1919-October 1933, January 1934, p. 19; automobile and steel production for 1933, September 1934, p. 22.




23

SURVEY OF CURRENT BUSINESS

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

1935
June

1935

1934
June

July

August

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

May

BUSINESS INDEXES—Continued
MARKETINGS
Agricultural products* (quantity)
1923-25=100..
Animal products
1923-25=100..
Dairy products.
1923-25=100..
Livestock
1923-25=100..
Poultry and eggs
1923-25=100..
Wool
1923-25 = 100-.
Crops
_
1923-25=100..
Cotton
1923-25 = 100..
Fruits
1923-25 = 100..
Grains
1923-25=100..
Vegetables
-1923-25=100..
Agricultural products, cash income received
from marketings of:*t
Crops and livestock:
Unadjusted
.
1924-29=100..
Adjusted
1924-29=100..
Crops, adjusted
1924-29=100..
Livestock and products, adjusted
1924-29-100..
Dairy products, adjusted..1924-29=100-.
Meat animals, adjusted—.1924-29--=100..
Poultry and eggs, adjusted. 1924-29=100..

j
61
81
144
52
98
315
40
19
69
31
103

74
93
127
77
100
253
54
28
60
57
120

52.0
60.0
54.5

»50.0
J
65.5
1
75. 5

0

59. 5
73.0
>S9.5

*63. 5
J
65. 5
1
73. 0

1

73. 5
» 56. 0
» 62. 0

'82.0
* 58. 0
» 52.5

66.5
73.0
59.5
77.5

J

J

o5. 5
* 66. 0
»47.5
»54.5

>57.0
» 71. 0
1
47. 5
»57.5

J

J
64.
J

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

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

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

259
392
218
369
287
304
142
83
215

221
387
242
309
142
78
241

55. 5
'64.5
>48.5
*55.0

92
107
124
100
77
444
78
35
87
119
75

1

105
102
100
116
63
105
107
160
81
69
82

112
118
122
67
173
74
50
92
101 |
54

50. 0
» 71.5
J
58.5
»62.0

114
100
102
111
70
91
129
210
104
58
108

0
72. 5
i 5(5 Q
»65.0

89
93
86
91
105
81
84
134
74
38
76

57
75
89
61
111
54
39
19
27
90

73
84
78
81
102
36
62
86
66
33
64

[4- 9 i

63
82
116
61
117
130
a 44
22
89
°33
94

» 56. 0 ' J 53.0
» 58. 0 | 0 54. 5
55. 5 | J 52. 5 i °46. 0
=•45.5 !
° 64 0
«59.5
66.5
°77. 5
75.0
«73.5
56. 5
« 49. 5
"58. 5
"63.5
77.5
° 61. 0

47.5
57.5
49.0

« 51. 0
°60. 0
"54.0

55.5
69.0
66.5

57.0
64.0
57.0

66.0
80.5
59.5
65.5

°66.0
«75.0
«63.5
°66.0

72.0
81. 5
67.5
74.0

71.5
77.5
67.5
78.0

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

134
105
122

126
103
122
75
116

161
71
113
162
115
155
98
140
90
226

156
67
113
158
117
142
92
125
93
208

119
101
117
69
114
98
81
151
60
113
157
119
132
87
114
90
195

113
102
«116
72
«113
101
80
149
62
114
162
121
121
84
99
95
179

»224
v 350
151
362
211
320
162
ISO
162

J-226
P369

1

STOCKS
Domestic stocks
1923-25=100_.
Manufactured goods
1923-25=100..
Chemicals and allied prod.1923-25=100..
Food products
1923-25=100..
Forest products
1923-25=100_.
Iron and steel products
1923-25=100..
Leather
1923-25=100_.
Metals, nonferrous
1923-25=100..
Paper, newsprint
1923-25=100_.
Rubber products
1923-25=100..
Stone, clay, and glass
_ 1923-25=100..
Textiles
1923-25=100_.
Raw materials
1923-25=100..
Chemicals and allied prod. 1923-25=100..
Foodstuffs
1923-25=100
Metals
1923-25 = 100_.
Textile materials
1923-25=100..
World stocks—foodstuffs and raw materials:
Totalf
1923-25 = 100
Coit'ee—adj. for seasonal.. .1923-25 = 100..
Cotton—adj. for seasonaL_.1923-25=I00__
Rubber—adj. for seasonalf. 1923-25=100..
Silk—adj. for seasonal
1923-25=100..
Sugar—adj. for seasonalf _-_ 1923-25=100 .
Tea—a-Ij. for seasonal
1923-25=100..
Tin—u*i:i(iji:stud
1923-25 = 100
Whom-a<!I. lor so::son:il._. 1923-25 = 100..

111
106
118
83
118
102
79
155
63
114
168
127
114
83
92
101
168

148
376
211

262
*390
231
374
238
295
141
74 I

154
109
121
103
117
93
79
150
91
113
161
119
187
109
217
107
217

160
108
117
100
117
94
79
155
86
113
150
120
198
122
208
113
254

161
107
114
100
117
96
81
160
71
113
152
123
200
121
202
107
269

159
106
116
100
118
95
79
163
48
113
180
117
198
116
207
93
263

»250

1-236

*229

221
373
234
267
146
74

191
363
210
273
153
79
211

*>229
370
171
352
186
295
145
66
196

p 224 i
342
163
358
208
291
140
71
190

J>344
150
361
215
310
142
94
171

162
361
205
306
153
93
161

237

174
354
200
294 |
348
72
190 !

158
°364
201
155
80

COMMODITY PRICES
C O S T O F L I V I N G (N. I . C. B.)
Total, all groups
Clothing
Food
Fuel and light
Housing
Sundries.

-

1923=100..
..1923 = 100..
1923 = 100—
1923 = 1001923 = 100-.
1923 = 100-

77.3
74.5
85.8
64. 6
02. 5

79.1
77.0
75.2
86.4
64.7 j
92.5

77.2
76.5
86.9
65.4
92.3

81.0
77.6
79. 9
87,4
66. 0
92.4

80.9
77.5
79.1
87.5
66.4
92.8

80. S
77.4
78.8
87.6
68.6
92.8

80.8 :
77.3 i
78.4 {
87.5 !
66.8 i

81.6
76. 9
81. 1
87.1
66. 9
93.0

82.4
76.3
83.5
87.1
67.4
93.0

82.4
76.0
83.3
87.1
67.9
93.0

104
108
103
«99
100
102
119

85
72
94
92
137
89
64
80
90

87
76
99
°93
113
91
66
102
94

96
86
107
97
101
106
68
108
125

103
104
110
99
93
112
82
133
128

102
108
107

101 I

109
74
110 !
137

101
125
107
105
94
109
72
107
123

107
114
108
112
87
115
96
117
111

111
119
108
121
90
114
105
188
101

147
123

157
109

159
110

162
112

165
117

166
116

165
115

165 |
114

164
119

85.9

88.2

87.9

87.7

87.4

87.4

79.6

83.2
75.4
85.4
86.0
68. » I
93.0

82,9
75.0
85.1
83.9
69. 6
92.5

108
97
102
114
90
111
117
162
92

111
105
103
117
105
115
117
156
92

108
110
105

165
122

164
122

158
124

148
124

86.6

86.3

86.3

86.1

FAEM PRICES (Dept. of Agrl.)§t
Total, all groups
Chickens and eggs
Cotton and cottonseed
Dairy products
Fruits
Grains
Meat animals.....
Truck crops
Miscellaneous

1909-14=1001909-14=100—
1909-14=100..
1909-14= 100..
1909-14 = 100..
1909-14=100—
1909-14=100..
1909-14 = 100..
1909-14=100—

119
109
107
85
116
73
130
113

'
|
I
I

«107

98
112
118
127
89

RETAIL PRICES
Department of Labor indexes:
Coal
1913 = 100—
Food #
.1913=100..
Fairchild's index:*
Combined index...
.Dec. 1930=100..
Apparel:
Infants' wear
Dec. 1930=100..
Men's
Dec. 1930=100—
Women's
Dec. 1930=100..
Home furnishings
Dec. 1930=100—
Piece goods
Dec. 1930=100..

87.7 |

87.2

93.4
93.6
93.8
94.4
93.9
93.9
93.5
93.5
94.0
93.8
93.9
94.0
94.3
87.4
87.4
87.2
87.7
87.7
88.3
87.7
87.4
87.3
87.4
87.3
87.7
87.3
88.1
87.9
87.9
89.5
90.8
90.4
90.1
87.8
87.7
87.7
87.8
88.5
88.2
87.8
88.9
88.1
88.2
88.5
88.2
87.9
88.1
88.2
86.0
85.8
84.3
86.3
85.5
84.8
85.5
85.8
87.6 !
85.1
84.8
84.6
a
Revised.
» Preliminary.
* New Series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products, p. 19 of the December 1932 issue, Fairchild price index and
pp. 19 and 20 of the March 1933 issue, marketings.
§ Data for July 15, 1935: Total 102, chickens and eggs 107, cotton and cottonseed 102, dairy products 96, fruits 98, grains 96, meat animals 116, truck crops 93, miscellaneous 85.
f Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—revised total, rubber adjusted and sugar
adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from January 1933June 1935. Revisions not shown above will appear in a subsequent issue.
# The data on retail prices of food until Aug. 15, 1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The
monthly figures for months subsequent to August 1933 represent the figure nearest to the 15th of the month.




24

SURVEY OF CURRENT BUSINESS

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

1934

1935

June

August 1935

June

July

August

1935

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

May

COMMODITY PRICES—Continued
WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100. _
Economic classes:
Finished products
1926=100..
Raw materials
1926=100..
Semimanufactures.
1926= 100..
Farm products
1926 = 100_.
Grains
1926=100..
Livestock and poultry
1926=100..
Foods
1926=100..
Dairy products
1926 = 100-.
Fruits and vegetables
1926 = 100..
Meats
1926=100..
Other products
1926 = 100..
Building materials
1926 = 100..
Brick and tile
1926 = 100..
Cement
1926 = 100..
Lumber
1926 = 100..
Chemicals and drugs
1926 = 100..
Chemicals
1926 = 100..
Drugs and Pharmaceuticals 1926 = 100 _.
Fertilizer materials
1926 = 100..
Fuel and lighting
1926 = 100..
Electricity
1926 = 100..
Gas
1926 = 100..
Petroleum products
.1920 = 100..
Hides and leather
1926=100..
Boots and shoes
1926 = 100..
Hides and skins
1926 = 100..
Leather
1926=100..
House-furnishing goods
1926 = 100..
Furniture
1926 = 100.
Furnishings
1926 = 100..
Metals and metal products. 1926 = 100.
Iron and steel
1926 = 100.
Metals, nonferrous
1926 = 100.
Plumbing and heating equipment
1926 = 100.
Textile products
1926=100.
Clothing
1926=100.
Cotton goods
1926 = 100.
Knit goods
1926 = 100.
Silk and rayon
1926 = 100.
Woolens and worsted
1926 = 100.
Miscellaneous
1926 = 100.
Auto tires and tubes
1926 = 100.
Paper and pulp
1926 = 100.
Other wholesale price indexes:
Bradstreet's (96)
1926=100.
D u n ' s (300)
1926=100.
World prices, foodstuffs and raw materials:*
Combined index
1923-25=100.
Coffee
1923-25=100.
Copper
1923-25=100.
Cotton
1923-25 = 100.
Rubber
1923-25=100.
Silk
1923-25=100.
Sugar
1923-25 = 100.
Tea
•
_
1923-25 = 100.
Tin
1923-25=100.
Wheat
1923-25=100.
Wholesale prices, actual. (See under respective commodities.)

79.8

74.6

82.2
76.4
73.9
78.3
76.9
84.8
82.8
74.6
68.7
94.5
78.0
85.3
89.2
94.9
81.6
80.7
86.3
74.3
65.7
74.2

78.2
67.3
72.9
63.3
72.4
48.3
69.8
73.0
70.1
62.2
78.2
87.8
91. 1
93.9
86.3
75.6
78.6
73.1
67.9
72.8
90.6
97.5
50.6
87.1
98.4
70.1
75.3
82.0
79.0
85.1
87.7
88.6
68.5

53.2
88.9
97.3
78.0
80.5
80.5
77.1
83.9
86.9
87.1
69.1

74.8

76.4

77.6

76.5

76.5

76.9

78.8

79.5

79.4

80.1

68.3
72.7
64.5
74.8
48.8
70.6
74.8
68.2
63.4
78.4
87.0
91.3
93.9
85.3
75.4
78.5
73.0
67.6
73.9
92.4
99.2
51.3
86.3
98.0
66.6
75. 1
81.6
78.5
84.8
86.8
86.7
68.8

79.2
71.6
72.6
69.8
86.0
56.2
73.9
77.3
65.6
69.4
78.3
85.8
91.3
93.9
81.8
75.7
79.2
72.7
64.8
74.6
92.6
99.2
51.6
83.8
97.9
57.4
71.3
81.8
78.9
84.6
86.7
86.6
68.9

80.1
73.9
71.8
73.4
88.1
64.1
76.1
76.2
66.0
76.6
78.3
85.6
91.3
93.9
82.3
76.5
80.3
72.7
66. 4
74.6
95.2
99.3
51.3
84.1
97.9
60.4
70.6
SI. 8
78.8
84.8
86.6
86.5
68.4

79.2
72.1
71.5
70.6
85.0
55.3
74.8
77.1
67.6
70.0
78.0
85.2
91.2
93.9
82.0
77.1
81.1
73.5
65.7
74.6
94.5
96.9
50.4
83.8
97.7
59.7
70.5
81.7
79.0
84.4
86.3
86.2
68.1

79.3
72.2
71.1
70.8
87.2
54.0
75.1
78.6
65.3
68.4
78.0
85.0
91.2
93.9
81.2
76.9
80.9
73.5
64.6
74.4
94.0
92.4
50.5
84.2
97.3
63.1
70.8
81.3
78.4
84.3
86.2
86.0
67.7

79.5
73.1
71.0
72.0
91.5
57.2
75.3
79.6
62.4
69.0
78.0
85.1
91.2
93.9
81.2
77.8
82.2
73.4
65.3
73.7
93.1
89.3
49.8
85.1
97.2
67.4
71.8
81.2
78.2
84.2
85.9
85.6
67.5

80.8
76.6
71.2
77.6
88.8
73.3
79.9
83.5
62.8
81.6
77.7
84.9
91.1
93.9
79.9
79.3
84.5
73.1
66.5
72.9
89.9
87.6
48.8
86.2
97.1
71.1
74.3
81.2
78.2
84.3
85.8
85.7
67.6

81.5
77.4
71.7
79.1
87.4
78.4
82.7
87.0
63.6
87.9
77.4
85.0
90.6
93.9
80.5
80.4
86.5
73.1
66.2
72.5
90.3
87.7
48.7
86.0
97.2
69.6
74.6
80.7
77.2
84.1
85.8
86.1
67.2

81.7
76.6
71.8
78. 3
82.8
85.8
81.9
82.9
63.2
91.6
77.3
84.9
90.2
94.4
79.9
81.5
88.1
73.0
66.3
73.0
88.3
88.6
49.8
85.4
97.2
66.6
74.2
80.7
77.3
84.1
85.7
86.0
67.1

82.3
77.5
72.3
80.4
87.9
85.9
84.5
84.9
67. 3
94.3
77.2
84.6
89.7
94.9
79.9
81.0
87.2
73.8
66.0
72.8
87.8
88.0
51.0
86.3
97.2
71.2
74.9
80.7
77.1
84.2
85.9
86.0
68.2

66.2
70.1
80.7
82.5
59.5
27.2
75.6
68.4
45.0
79.7

75.1
82! fi
86.0
62,8
25.0
80.8
70.2
44.6
83.5

75.0
71.5
81.9
85.1
59.5
24.5
80.7
69.9
44.6
82.4

75.0
70.8
79.5
86.4
59.3
24.4
78.9
70.2
44.7
82.4

71.6
71. 1
79.7
87.8
59.9
24.3
78.0
70.2
44.7
82.4

68.1
70.3
79.1
86.6
60.5
24.8
74.8
69.7
44.7
82.4

68.8
69.7
78.4
84.4
61.0
25.8
74.1
70.6
47.5
82.1

68.8
70.0
78.4
84.3
61.9
27.1
74.0
71.0
47.5
81.5

68.0
70.3
78.4
84.1
63.5
28.6
73.8
70.7
47.5
81.5

67.1
70.1
78.5
83.3
63.6
28.1
73.6
70.1
47.5
80.9

67.2
69.4
78.5
82.4
62.5
27.3
73.1
69.2
46.6
80.6

67.1
69.2
78.5
81.8
61.6
27.6
73.1
68.7
46.3
80.4

76.2
90 7

71.5
88.6

72.1
89.0

73.4
89.7

73.2
90.2

71.8
89.1

71.9
90.2

73.5
91.8

75.7
93.7

75.8
93.7

74.8
91.4

75.8
93.4

48. 5
41.0
62.4
43.8
29.3
19.2
60.3
61.0
101. 6
50.2

43.6
55.9
62.1
45.2
31.6
16.8
32.9
69.0
101.9
42.7

47.0
53.9
63.5
47.4
34.2
15.9
41.6
66.4
103.3
48.4

50.4
56.8
63.5
49.3
36.2
15.8
43.4
67.5
103.3
59.4

50.1
56.8
63.5
48.2
36.0
15.7
49.4
64.2
102.4
54.5

48.3
55.9
63.5
46.0
32.7
16.6
49.9
66.6
101.3
48.8

48.2
54.9
63.5
46.3
30.5
18.0
50.9
64.5
101.9
48.3

48.9
55.4
63.5
46.7
30.3
19.0
51.1
61.3
101.2
51.4

47.9
54.4
63.5
46.7
30.7
18.8
47.4
61.4
101.2
49.8

47.6
50.9
63.5
46.3
30.1
20.0
49.6
62.1
99.4
48.3

46.8
46.0
63.5
42.3
26.8
18.5
53.1
61.7
93.3
51.0

48.2
43.5
63.5
43,0
26.9
19.4
58.4
65.8
99.7
50.9

126.3
121.8
141.4
123.2

135. 0
137.4
170.9
129.2

134.6
136. 2
168.9
128.7

131.8
134.0
153.1
127.9

129.7
128.2
142.7
125.6

131.6
129.5
144.1
125.8

131.6
130.4
145.6
125.9

130.9
131.1
145. 6
125.9

127.7
126.4
137.4
124.7

126.6
122.9
132.5
123.6

126. 9
123.2
136.1
123.6

125.8
120.8
132.5
122.4

PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
Retail food prices
Farm prices t
Cost of living

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

CONSTRUCTION AND REAL. ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F. R. B.: t
Total, unadjusted
1923-25 = 100. -

33
Residential
1923-25=100. 26
29
Total, adjusted
1923-25=10023
Residential
1923-25 = 100F . W . Dodge Corporation (37 States):A
Total, all types:
Projects
n u m b e r . . 10, 450
Valuation
thous. of dol__ 148, 005
Nonresidential buildings: f
3,059
Projects
number..
9,075
Floor space
.thous. of sq. ft..
Valuation
thous. of doL. 59, 036

31
13
26
12

30
12
27
12

28
10
27
10

30
11
29
11

29
12
31
12

28
11
31
11

25
10
31
12

22
10
27
12

24
13
28
14

26
16
26
16

30
22
27
18

8,368
127,055

7,182
119, 663

7.625
120, 015

7,666
110,151

10, 013
135, 225

7,505
111,692

5, 771
92, 685

6,458
99, 774

6,135
75, 047

8,929
122, 941

10, 570
124,020

3,061
7,147
43, 081

2,905
8,275
60, 751

3,134
8,996
50, 816

2,787
7,524
42, 309

3,535
7,885
43, 686

2, 696
7,258
39, 440

2,170
4,939
28, 067

2,526
5,622
32, 958

2,349
4,985
30, 613

3,103
6,994
44, 477

3,388
7,774
41, 328

• Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World prices, p . 20, September 1932; Purchasing
Power of the Dollar (except for farm prices), p . 18, August 1933.
t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p . 20 of the September 1933 issue.
Farm prices (purchasing power) are on p. 20 of the April 1935 issue.
• A continuation of the statistics shown on p p . 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p . 19 of the August
1934 issue.
t Indexes are based on 3-month moving average of F . W. Dodge data centered at second month.




25

SURVEY OF CURRENT BUSINESS

August 1935
Monthly statistics through December 1.931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935
June

1935

1934
June

July

August

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

161
6,475

158
7,319

132
5,419

933
39, 779
4,732
8,809
32, 209

926
33,170
6,098
11,925
42, 203

923
25,967
6,267
13,136
44, 902

90,958

116,972

122, 827

May

CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
AWARDED—Continued
F. W. Dodge Corporation (37 States)—Con.
Public utilities:*
Projects
numberValuation
thous. of doL
Public works:#
Projects
number.
Valuation
thous. of doL
Residential buildings:
Projects
number.
Floor space
thous. of sq. ftValuation
thous. of dol_
Engineering construction^
Total contracts awarded (E. N. R.)
thous. of doL

138
9,146

232
13, 069

199
7,901

206
8,651

196
6,510

289
12, 642

252
8,496

165
12,911

156
8,707

1, 087
29, 991

1,344
44, 340

1,051
31,166

1,087
41, 906

1, 313
43, 479

1,918
52, 598

1,210
43, 847

945
37,156

876
35, 699

122
3,885
700
23, 933

6,166
13, 702
49, 833

3,731
7,504
26, 565

3,027
4, 795
19, 845

3,198
5,030
18, 641

3,370
4,847
17,854

4,271
7,015
26, 300

3,347
5,319
19, 910

2,491
4,048

14, 551

2,900
5,528
22, 410

2,964
4,569
16, 617

109, 993 118, 000 109,115

94, 439

90, 501 134,148

101, 419

148, 264

6,301
4,33b

3,271
2,356

2,331
1,683

2,541
1,978

1,706

2,250
1,111

3,320
58,065
147. 807
131,388
4,714
6,911

3,367
57,573

3,561
59, 385

3,193
51, 509

2,643
40, 622

1,889
33,480

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

155,448
140,060
4,031
7,166

170,756
154,988
4,103
7,916

187, 675
171,294
4,093
8,804

191, 522
175,478
4,110
9,121

110,161

HIGHWAY CONSTRUCTION
Concrete-pavement contract awards:
L Total
thous. of sq. yd.
2,949
4,600
5,082
2,129
2,628
3,619
2,858
Roads only
thous. of sq. yd.
1,572
2,093
3,491
3,101
1,508
3,760
1,557
Highways:
Approved for construction (IV. I. R. A.):*
Mileage
number of miles.
2,892
2,886
1,718
1,225
1,614
1,427
2.845
Public works funds allotted.thous. of doL
26, 004 31,149 22,481
25, 548 38,824 43, 654 46,851
Under construction (Ar. I. R. A.):*
Estimated total cost
thous. of dol. 185, 044 283, 506 267, 509 231, 554 203, 027 179, 453 156,599
Public works funds allotted-thoas. of dol. 168,816 263,042 246,394 211,960 183,915 160, 775 139,017
Federal aid funds allotted.thous. of dol.
8,634
8,421
7,123
5,399
6, 093
3,815
7,608
Mileage
number of miles.
12, 524 10,220
8,831
7,280
8,530 13,674
7,879
CONSTRUCTION COSTS
Building costs—all types (American Appraisal Co.)*
1913=100.
Building costs—all types (A.G. C.) .1913-100.
Building costs—all types (E. N. i?.)§
1913=100Building costs—factory (Abcrthaw)
1914=100.

177

158
180

157
182

157
183

157
182

158
181

158
181

158
180

158
180

158
179

178

178

178

194.8

199.6

199.7

198.4

200.6

200.9

201.4

201.9

198.7

196.0

194.3

194.5

194.1

177

177

177

177

177

MISCELLANEOUS DATA
Fire losses, United States
thous. of dol. 18, 500 20,006
19, 484 19,613 16,244
18, 236 20,114
23,896
Foreclosures*#
_
number.
17, 092 16, 348 15,499
16, 723 16,940
17, 736
15,462 15,972
Real estate:
Home loan bank, loans outstanding*
if]
thous. of dol. 79, 234
85, 723 85, 519 86, 647 87, 446 87, 714 87, 258
Home Owners' Loan Corp.:*
Applications received
number- 138,440 97, 679 66,157 72,022 39,317
35, 675 14,171 »21,864
Loans closed:
Number
12, 656 71, 768 78,046 69,738 59, 240 65,813 54,468 54,036
Amount
thous. of dol. 39, 016 223,440 235,468 202,443 179, 300 201,212 170,545 169,019

23,431
17,896

25,082
15, 319

24,943
17,785

23, 268
17, 287

21, 238
17, 287

82,585

77,142

72, 616

74, 011

75, 836

54,990
166,836

36, 542
104,920

23,140
70, 6fi4

13, 807
39,475

»13, 593
a
41, 263

2,941

DOMESTIC TRADE
ADVERTISING
Printer's I n k indexes, (adjusted for seasonal
variation) :*
Combined index
1928-32=100-.
Farm papers
1928-32=100..
Magazines
1928-32=100..
Newspapers
1928-32=100-.
Outdoor
1928-32=100..
Radio
1928-32 = 100-.
Radio broadcasting:
Cost of facilities, total
thous. of dol._
Automotive
thous. of d o l . .
Drugs and toilet goods
thous. of d o l . .
Foods
thous. of d o l . .
Petroleum products
thous. of d o l . .
Tobacco manufactures
thous. of d o L .
All other*
thous. of d o L .
Magazine advertising:
Cost, total
thous. of d o L .
Automotive
thous. of d o l . .
Drugs and toilet goods
thous. of d o L .
Foods
thous. of d o L .
Petroleum products
thous. of d o l . .
Tobacco manufactures
thous. of d o L .
All other*
thous. of d o L .
Lineage, totalf
thous. of lines..

78.2
63.9
78.8
76.1
57.9
182.1

80.0
64.5
80.5
78.7
59.2
163.9

74.9
58.4
79.9
72.1
60.6
150.5

77.8
60.0
80.4
76.6
59.0
141.6

72.9
53.7
75.2
71.8
52.8
145.4

74.0
53.6
78.1
72.1
49.1
178.1

74.9
52.1
77.9
75.3
39.1
176.9

75.6
56.1
73.4
75.4
48.2
181.5

74.5
45.5
77.8
73.5
45.5
189.5

74.7
51.8
77.7
73.2
48.2
186.3

78.8
48.6
80.1
77.0
60.1
179.6

79.8
57.7
80.9
78.7
56.4
168.1

81.2
64.6
81.8
80.4
55.7
169.8

3,448
275
1,196
912
262
284
518

3,104
309
1,022
829
202
187
556

2,495
188
921

2,249
178
787
719

4,363
299
1,460
1,259
325
302
720

4,451
380
1,513
1,279
289
319
671

4,646
408
1,610
1,303
273
321
730

791

4,822
398
1,607
1,300
281
306
929

4,289
333
1,450
1,079
282
336
809

3,979
312
1,298
1,139
272
280

336

4,527
544
1, 497
1,218
318
316
633

4,412
363
1,552
1,197
216

93
415

2,561
222
969
700
193
46
430

2,335

10, 822
1,639
2,119
1, 568
303
486
4,707
2,271

9,200
1,386
1,884
1,607
288
454
3,577
1, 853

7,291
997
1,698
1,330
248
461
2,557
1, 534

1,016
1,502
1,366
213
433
3,479
1,827

10, 653
965
1,992
1,823
229
548
5,095
2,264

10,852
755
2,382
2,071
163
503
4,978
2,317

8,938
362
1,819
1,636
180
539
4,400
2,136

6,530
829
1,452
1,072
103
406
2,668
1,581

9,646
855
2,503
1,827
158
532
3,771
2,014

11,973
1,462
2,598
1,733
226
621
5,331
2,276

12, 754
1,678
2,436
1,680
368
581
6,010
2,700

12,142
1,641
2,185
1,636
329
489
5,862
2,618

293

« Revised.
* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N. I. R. A. h.jnway work started in September 1933,
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. Home Owner's Lo^n Corporation data from September
1933 to April 1934 will be shown in a subsequent issue. Total loans closed to June 30, 1935, $2,657,369,111, Printer's Ink indexes from January 1922-May 1934 appear on
p. 20^of July 1935 issue. Data prior to May 1934 on "all other" radio and magazine advertising not published. See special note below on foreclosures.
t Revised series. See p. 20 of the October 1933 issue, magazine lineage.
§ Index as of July 1, 1935, 195.2.
• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States;
having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,
209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the
figures for these months are from a slightly different number of communities.
2
Receipt of applications stopped on Nov. 13, 1934, and was not resumed until May 28,1935. The December figures are the result of various adjustments and audits of
the number of applications received during the preceding months.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
I Months of August, and November 1934 and January and May 1935 include 5 weeks; other months include 4 wTeeks.
f
4231—35




4

26

SURVEY OF CUREENT BUSINESS
1935

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

June

August 1035

1934
June

July

August

1935

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

85 430
15 323
70,108
4 183
1 450
16 939
47 535

110, 067
19,490
90, 577
5, 560
2, 052
20, 215
62, 751

112,803
19, 844
92, 960
7,467
1,894
20, 313
63, 286

35.2

64.5

63.6

May

DOMESTIC TRADE—Continued
ADVERTISING—Continued
Newspaper advertising:
Lineage, total (52 cities)•-..thous. of lines.. 102, 210
Classified
...thous. of lines.. 20,061
Display
thous. of lines.. 82,149
8,426
Automotive
thous. of lines..
1,642
Financial—
thous. of lines..
General
thous. of lines.. 18, 042
51.038
Retail
thous. of lines..
GOODS IN WAREHOUSES

96, 378 108,810 106,999
17, 936 18, 605 17, 414
78, 442 90, 205 89, 585
4,841
3. 592
3,917
1,193
1, 653
1,285 I
16,103
22.039 j 19, 095
56, 305 02.595 ! 65, 614

103, 646
18, 689
84, 957
9,503
1,528
19, 531
54, 395

83, 183
16, 475
66, 709
7 076
1, 718
15 279
42 036

87, 692
17, 790
69, 902
6, 514
1,219
13, 769
48, 401

70.1

65.8

66.0

63.9

63.2

65. 7

2,185

J 048
,

! 013
,

1,788

2,140 I

2, 092

105,669
17, 389
88, 230
3,920
1,432
13, 482
69, 446

88, 055
15, 781
72, 274
6,260
2, 083
14, 989
48, 942

115,854
20,174
95, 680
8.978
1,614
20,504
64, 584

;

Space occupied, public merchandise in were- !
houses
percent of total-.'

66.3 i

NEW IN CORPORATIONS
Business incorporations (4 States) ..number..'

2,1

2,100

2, 008 I 2,159

2,356 !

2,318

POSTAL BUSINESS
Air mail, mile performance*.thous. of pounds ,
Money orders:
;
Domestic, issued (50 cities):
:
Number
thousand?,..'
Value
thous. of d.ol _ _;
Domestic, paid (50 cities):
:
Number
thousands...,Value
thous. of do!..;
Foreign, issued—value
thous. of doL_:
Receipts, postal:!
:
50 selected cities—
..thous. of do\..\ 24, 679
50 indutsrial cities
thous. of doi_-• 2, S29

374,591 j 454,193 j 511,006 | 487,707 j 580,239 j 516,205 581,405 i 508,804 i 528,398 ; 643,044 ;
3,452
33,896
10,953
88,088
2,422

|
4, 394
j 3, 270 ! 3,286 | 3,138
4,040
3,915
| 32,670 j 32, 795 31, 753 30, 639 34,306
38,328
13,142
10,375 i 12,620 i 12,049
i 9.784 j 10,253
! 83,727 ! 88, 045 87,970 j 111,756 \ 102,390 101, 699
2,043 | 2,299 i 2 50
5, 567
1,985
2, 2G7
!

23,899 !
2,769

<>] 4.10

23,198 j 23, 527
2, 604
2,758

25 525
^3* 106

S3,164 !
3,930 I

.
3, 8C5
36, 700

3,780 !
36,429 j

3,625 I
33,812 I

3,911
3G, 834

11.916 !
90,710 I
2,217 !

10,777
82,717
2,148

12,822 i 12,444 i
95,674 I 94,393 I
2,579 I 2,415 !

25,827
3,112

24,118
2,907

27,313 !
3,049 !

26. 775
3f 110

3, 714

12,177
92,975
2,149
27. 365
3,222

RETAIL TRADE
Automobiles:*
New passenger car sales:
104. 9
Unadjusted
.1929-31 = 100..
27.7 I
100.2
116. 7
63.1
72.7 I
84.6
51. 9
47.3 I 39.2
51.5
• 98. 4
73.9
78.5
Adjusted
1929-31 = 100..;
53.0
80. 5 i
94.5
49.0 I
63.5
59.0 i 63.0 i
»70.0
75.0
56.0
78.5
67.0
Chain store sales:
\
Chain Store Age index:*f
Combined index (18 companies) f
av. same month 1929-31 = 100.. i
96
96
93
95
94
96 j
92
93 j
92 j
93
Apparel index (3 companies)!
;
av. same month 1929-31 = 100. _i
99
104
99
96
99
105 |
95
100
102 !
97
91 I
101
Grocery (5 companies) f
!
av. same month 1929-31 = 100..;
90
86
88 !
89
85
89
85
86
87
85 I
Five-and-ten (variety) stores:*
35. 9
Unadjusted
.1929-31=100. _i
75.8
78.1
92.9
85.5
163.9
79.7
92.9
67.2
79.9
91.3
86.0
90.4
Adjusted
1929-31=100.. j
90.6
89.5
93.0
90.8
90.0
90.2
90.3
91.5
88.9
86.0
H. L. Green Co., Inc.:*
!
Sales
thous. of doL.I 2,229
1,981
2,384
2,081
1,609
1,840
2,327
4,446
2,287
1,974
2,289
1,557
2,158
131
Stores opera ted.
number..;
132
131
131
129
131
132
130 I
130
132
128
130
128
S. S. Kresge Co.:
!
i
I
!
Sales
thous. of dol.J 11,048
11,518
9,472
10,328
11, 523
10,872
10, 252 10, 414 11,499 I 1 1 , 2 8 5 I 21,213
8,488 I 8,975
Stores opera t e d . . .
number..
736
734
734
731
731 I
735
732
724
727
724
728 !
726
732 I
S. H. Kress & Co.:
!
.700
Sales
.thous. of dol__.
6,441
5,472 j
5,336
5,685
6,367 I 6,182
12,412
5,757
5,574
4,762 '
4,968
5, 934
233
Stores operated..
number.. 1
232
227
232
232
227
230 i
232
229 |
232 I
232
232
227
McCrory Stores Corp.:
j
Sales
thous. of dol.J 2,817
3,027
2,390
2,317
2,667
2,365
2,777
5, 526
2,820
2,419
2,658
2,148
2,612
205
Stores operated
number. J
194
205
194
205
194
194
205
202
200
205
207
195
G. C. Murphy Co.:
I
2,481
1,891
2,576
2,105
Sales
thous. of doL.j 2. 584
4,471
2,266
2,466
2,076
2,118
2,426
2,420
1,803
188
Stores operated
number..]
184
186
186
181
181
181
186
186
181
185
186
186
F. W. Woolworth Co.:
I
Sales
thous. of dol.J 21,113
22, 382
18, 219
22,000
39, 566
20,483
19,515
20, 795 21,342 23, 304 22,332
17,148
21, 050
Stores operated
number. J 1,965
1,954
1,960
1,954
1,956
1,960
1,949
1,951
1,954
1,949
1,956
1,962
1,955
Restaurant chains (3 companies):
I
3,520
3,562
3,193
3, 458
Sales
_thous. of dol.-i
3,265
3,623
3, 725
3,444
3,766
3,308
3,418
3,465
369
359
357
Stores operated
number..!
372
372
368
359
372
367
365
361
356
Other chains:
!
W. T. Grant & Co.:
!
7,654
6,953
7,822
5,571
Sales
thous. of doL.
7,347
7,494
14, 212
5,166
7,430
5,743
6,295
6,572
469
462
466
Stores operated.
-.number.465
465
458
464
465
469
458
458
461
J. C. Penny Co.:
21, 242 21, 381
12,039
19,984
29,300
15, 507
Sales
.thous. of doL. 17, 929 16, 797 13,967
16,119
17, 597
12,905
16, 980
Stores operated
number..
1,469
1,474
1,474
1,478
1,465
1,465
1,467
1,474
1,473
1,478
1,474
1,468
1,478
Department stores:
Collections:*
Installment account
percent of accounts receivable. .
15.0 |
16.0
16.4
16.5
16.3
18.0
16.7
16.0
15.6
17.1
17.1
17.4,
Open account
percent of accounts receivable..
44.1
40.7
38.9
41.6
43.9 1
43.9
43.8 !
43.3
44.3
45.7
39.0
45.3
• Revised.
• New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p. 18 of the March 1934 issue. Data prior to October 1933 on collections
not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available prior
to May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933.
f Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
index and grocery index of Chain Store Age were revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
1 Monthly data from January 1932 through June 1935 are on page 20 of the July 1935 issue.
• The New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement and
monthly issues prior to December 1934.




27

SURVEY OF CURRENT BUSINESS

August 1935
1935

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

June

1935

1934
June

July

SeptemNovem- DecemOctober
ber
ber
ber

August

January

February

March ! April
!

May

D O M E S T I C TRADE—Continued
RETAIL TRADE—Continued
Department stores—Continued.
Sales, total value, unadjusted A
1923-25 = 100.
Atlanta*
i9_3~25 ^100—
Boston
1923-25 = li,0_.
Chicago*t
1923-25 - 10'L.
Cleveland *.
192MM =-1WJ. - j
Dallas*
19 t >-25-l.'U-J
Kansas City
_ I '23 2'5=l<M__i
Minneapolis*
19_ri = i00 . !
New York*
1'••.';.-J7=l-»jPhiladelphia*
1 >23-J5= 100 ,
Richmond
l(Li-'2> = l0«>_
St. Louis
'it2'i-2")-l('O . ,
San Francisco*

_

1 ( J23-2J = 1U ( _

76

Sales, total value, adjuMe P ! ' L J ''">=-!' u. ,
Atlanta*

80

_ i L-?-2"> —J'/n _,

Chicago*!
Cleveland*
Dallas*

84

; ( C —i* •> — i c •« *
V _'V2~> =io)
1'J23-25=I'J'I

78
78

Unadjusted

I

70
74
70
73
70
68
63
69
70
64 |
90 I
62 |
65 |
74 i
82 !
74 1
72 j

81

Minneapolis*
" v. — H,0
New York*
'«)>, . v ^ ' J O Philadelphia*
.
VO-X-W)
San Francisco*
it >-2:=100
Installment sales, Now ^ngHrid dopr
stores, ratio to total >salos_
peue'it.
Stocks, value, end of moi t
1

75
68
76
75
74
70
76
74
66
04
64

78
77
69
86

71 I
73 I

Adjusted
*J2,-2j = l«)rt _
Mail-order and store salo^:
Total sales, 2 companion
t^ou^-. r * c^l. '
Montgomery Ward <^ Co-_tv o-js <* .r' J 23,822
Sears, Roebuck & Co. . .tiiou^ of del..'
Rural sales of general meicl' ma <c *
Unadjusted
19*-31 = l<u_ '
94.2
Adjusted
1029-31 = 100-_i 99.7

16

1 /

iO

90
82
70
82
74
78
63

90
78
68
86
75
75
66

7. 6

63. 3
72.3

12. 2 i
61
64

63
65
40,330
19, 266
27, 064

66 !
80 i
71 !
91 1
85 |
81 I
77 i
59 |
So !
76 !
80 !

83
70
P6
76
61
71

67 i
74

6.1

'J-A^IOO..

51
58
45
51
50
53 |
48 '
47
53
43
59
43
60

112
74
81
73
76

U\
71 i

!

j

I!

78 j
78 |

65 i
8.5 |

67 ]
64 |
i

89
70
102 j
78 I
83 j

135
146
122
126
122
146
129
117
137
115
172
117

71
64 !

37,387 | 44.134 I 52,997 j 64, i34
15,891 ] 18,915 I 23,093 | 29,704 i
21,496 I 25,219 ! 29,904 j 34,430 |
I
58, 2
68.1
97.9
108. 7
79.:
75.5
89.1
98. 8

7.3 ;
74 j
65 |
60,595
26,901

33,694 I
110.4 |
89.8

83 i
4.7
60
64
76,631
34,684
41,947 i
134. 2 !
94.5 j

59
61
58
61
5S
60
55
61
58
44
65
53
66
74
77
76
77
72
69
73
54
79

61
70
47
62
56
70 |
61

69 ,
•\ I
S'I |

55 I
',4

60 !
46
64
53

64
SO

9.3

57
64

76
71
63
« 98
69
76
84
76
69

80
79
68
83
73
72
56
80

9.2

84
69
78
74
78

61
64

41,194
17,418
23, 776
72.6
87.5

18. 105
;2, 915
;5,190

41, 573
17,905 |
23,668 !
90.'6 I

82 oi

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT

|

Factory, unadjusted (B. L. &)*1923-25=100—1
Durable goods group*
1923-25 = 100—1
Iron and steel and products. 1923-25 = 100...!
Blast furnaces and steel
!
works
1923-25 = 100. _ |
Structural and metal work
1923-25 = 100...
Tin cans, etc
.1923-25 = 100—
Lumber and products
1923-25 = 100-.
Furniture
1923-25 = 100Millwork
1923-25 = 100..
Sawmills
_ 1923-25 = 100. _
Turpentine and rosin
1923-25 = 100...
Machinery
1923-25 = 100Agricultural implements_1923-25 = 100—
Electrical machinery, etc.l923-25 = 100_.
Foundry and machine-shop products
1923-25=100..
Radios and phonographs.l923-25= 100Metals, nonferrous
1923-25 = 100..
Aluminum manufactures.l923-25 = 100._
Brass, bronze, copper prod. 1923-25=100—
Stamped and enameled ware
1923-25 = 100..
Railroad repair shops.
1923-25=100Electric railroad
1923-25 = 100—1
Steam railroad
1923-25=100--!
Stone, clay, and glass products
1923-25 = 100..
Brick, tile, and terra cotta.l923-25=100..
Cement.
1923-25 = 100..
Glass
1923-25 = 100..
Transportation equipment-1923-25=100..
Automobiles
1923-25=100. _
Cars, electric and steam.l923.25=100._
Shipbuilding
1923-25 = 100..
Nondurable goods g r o u p * . , . 1923-25 = 100..
Chemicals and products.-1923-25 = 100..
Chemicals
.1923-25=100..
Druggists' prep—
„ 1923-25=10u_.
Paints and varnishes
1923-25 = 100. _

79. 6
09.7
71.7

81.1
70.8
76.4

78.7
67.4
70.3

79.5 !
66.1 !
68.6 |

66.0 |

73.4 !
62.8 i
66.0 I

76. 8
62 2
66.2

78.0
64. 3
66.6

66.1
67.8

81.2
69. 3
70.7

82.4 j
70. 8
71.8

65.3

65.4

65.9

66.9

69.4

72.9

74.0

« 73.6

57.9
89.6
48.6
65.2
36.3
32.8
92.4
77.9
79.6
65.4

57. 6
85. 5
47. S
65. 0
36.7
31.6
92.9
78.5
83.8
65.6

55.9
85.0
47.1
64.1
35.9
30.9
95.6
79.6
89.6
65.9

53. 8
85.4
40.4
f.ii. 9
37. 9
32.7
96.3
82. 1
92. 7
67.5

55.
S«.
50.
69.

a 56. 0
90.4
50. 9
67. 0
40.7
34.0
99.0
84.5
97.0
70.7

75.8 !

72.4

79.1

72.4

69.7 |

56.0
95.6
48.9
67.1
42. 4
30.9
99. 0
84. 2
110. 6
69. 6

59.7
96. 7
50.0
62.4
37.9
35.1
98.6
80.8
73.3
66.2

59.0
99.6
48.8
62.0
37.0
33. 8
97. 3
79.0
69. 3
65.1

59.0
99.1
49.0
62.9
36.2
33.9
98.3

72.8
165.5
79.7
64. 5
78.9

73.1
206. 0
75.9
76.0
78.2

69.5
205. 0
73.1
67.5
75.0

69.0
217. 5
73.4
67.7
72.7

66.8
219.9
73.2
57.5
70.8

66.4
222.8
75.1
61.8
71.0

66.0
214. 5
76.0
62.5
72.0

66.8
207.9
76.9
62.2
74.0

69.2
191.4
75.9
61.2
75.4

93.0
53.8
65. 6
52. 9

93.0
59.8
66.7
59.3

90.3
58.3
66.3
57.7

87.1
55.2
66.0
54.4

84.4
55.7
65.7
55.0

82.9
53.9
65.1
53.1

83.9
51.6
65.7
50.5

87.5
52.0
65.5
51.0

89.1
51.6
65.3
50.6

94.3
52.9
65.9
51.9

97.0
53. 6
65.8
52.7

55.6
32.1
59.9
95. 2
95. 3
108.8
47.8
72. 4
90. 4
107.3
108.1
95.8
112. 5

57.1
34.4
59.1
93.6
95.6
106. 8
57.8
76.6
92.3
104.5
111.7
96.9
106.1

54.2
31.7
58.4
89.1
88.4
98.4
55.8
69.2
90.8
105.3
112.3
93.8
101.2

53.1
31.8
55.0
87.6
83.7
92.5
51.7
71.2
94.0
106.9
110.9
98.6
99.1

52.9
30.4
54.0
87.3
74.2
80.9
44.8
71.3
88.2
108.6
108.0
103.0
98.8

51.9
29.9
50.7
86.1
64.2
68.7
36.6
71.2
95.1
109. 4
106. 5
106. 8
99.6

52.2
29.9
48.2
88.5
62.2
67.1
32.4
69.3
92.4
108.6
104.4
105.5
99.7

50.1
28.0
41.6
87.4
78.4
88.9
34.0
68.5
92.7
108.8
103.9
102.8
99.5

47.2
24.8
37.2
86.5
92.4
108.1
34.2
68.3
92.3
108.4
103.0
101.3
98.7

49.6
25.7
37.8
91.7
100.9
117.5
43.6
72.8
94,1
109.4
102.8
102. 4
102.2

51 5
27.6
41.6
93.7
103.6
119.5
52 2
74.9
94.8
112.7
103.4
98.9
104.2

I
I
I
!
I
!
!

78.9 I

66.8
65.3 !

58. 6
101. 0
49.3
65.0
34. 6
34. 1
96.2
78.0
67.8
65.9

I
57.1 I
93.9
49.5
66.5
36.3
33.9
89. 3
77.9
72.9
65.0

j
|
j
I

S2. 4
71.6

0
4
6
1

|
I
s
I
". 1 I
(
! 101.3 '
>7. 0 i
70. 9 i
!
69. 2
I
73. 5
72.0
1-2. 1 |
189.0
1^0. 0
S(
i. 9 i
80.5 i
79. 2
t.(..1 I
66. 9
65.0 !
82. 0 |
80.8 (
97.6 !
52. 9 I
65.6
52 0 i
53.2 |
27.6 i
50. 0
94.2
104. 8
119.9
59.1
74. 6
94.0
111.5
10f>. 9
98. 9
109. 2

« 81.1
» 7.1.3
« 72.4

73.8
168. 0
80.4
66.3
80.8
95.6
53.6
65.7
52.7
55.0
29.6
57.0
94.8
102. 7
116. 4
60.3
° 76.4
°91.6
108. 0
107.1
96.8
112.6

• Revised.
• New series. For earlier data on department store sales by Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago, for which see note below.
Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexes are computed by the" Federal Reserve banks. For
districts not marked with an asterisk the series are as published in the 1932 Annual Supplement and subsequent issues. See p. 20 of the December 1934 issue for rural sales
for period January 1929 to October 1934. For earlier data on factory employment unadjusted in detail, see p. 16 of the June 1934 issue. See p. 19 of the July 1934 issue for
factory employment unadjusted total. Data on employment in the durable and nondurable goods groups for the period January 1923-June 1935 are shown on p. 19 of this
issue.
t Revised series. See p. 19 of the April 1935 issue department store sales Chicago.
• This series was shown on p. 20 of the June 1935 issue from 1919 through April 1935.
• The adjusted index of department store sales (total value) was revised by the Federal Reserve Board for the years 1929 through 1934. Revised indexes for this period
were shown on p. 20 of the June 1935 issue.




28

SURVEY OF CURRENT BUSINESS

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

August 1935

1931
June

July

August

Septem- October November
I ber

1935
February

March

April I May

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory unadjusted—Contd.
Nondurable goods group—Continued.
Chemicals and products—Continued.
108.3
111.0
108.3
Petroleum relining
1923-25 = 100..
111.4
112. 9
111.7
113.4
110.8
109.0
112.9
107.3
107.9
111.9
326.9
334.9
307. 0
Rayon and products
1923-25 = 100. _ 325.9
304.2
273.8
296.8
305.5
348.9
320.8
329.5
338.0
346.8
95. 1
94.7
119. 5
93.6
94.4
Food and products
1923-25 = 100..
110.1
122.1
127.1
103.8
93.8
92.7
105.1
109. 0
112.7
111.8
116.1
Baking—_
1923-25 = 100..
115.7
110.9
114. 2
114.6
116.3
115.8
115.4
115.4
106.7
111.3
161.6
156.0
168. 2
169. 7
Beverages
1923-25 = 100..
176.7
151.3
183.0
185.8
151.9
144.6
188.9
148.7
145.7
Slaughtering, meat pack81.4
80.6
81.5
ing
1923-25=10087.2
101.4
103.5
112.4
121.2
117.6
109.3
105.5
94.3
82.9
"86.7
91.5
Leather and products
1923-25 = 100..
82.6
87.7
89.4
83.4
84.8
91.6
92.7
81.6
85.7
88. 3
91.1
"85.2
90.8
80.1
Boots and shoes
1923-25 = 100..
89.0
82.3
92.1
86.8
91.9
79.8
85.5
82.9
87.0
90.7
94.5
93.2
Leather
1923-25 = 10092.8
88.2
95.5
89.2
94.0
91.5
88.4
86.8
95.6
91.5
92.7
96.9
96.5
Paper and printing
1923-25 = 100..
96.4
96.9
96.8
95.6
93.4
93.8
95.3
95.8
96.7
94.7
97.5
109.8
109.9
Paper and pulp.
..1923-25=100-.
109.2
109.7
106. 6
106.9
104.8
105.4
107.4
106.8
108.7
103.0
104.8
82.5
83.3
Rub ber products
1923-25 = 100.
77.4
76. 6
°81.3
79.7
85.6
83.9
78.4
81.8
79.0
83.0
80.7
74.9
75.1
Rubber tires and tubes..l923-25=100.69.4
68.7
°73.6
70.4
72.9
81.7
77.4
73.9
71.9
74.7
75.3
97.2
99.2
Textiles and products
1923-25 = 100..
92.3
90.9
93.5
90.3
73.1
95.2
98.4
90.9
88.2
85.9
92.8
93.3
89.4
96.4
Fabrics
1923-25 = 10089.7
89.7
91.0
62.0
89.9
87.0
94.0
95.8
97.2
85.6
101. 8
101.4
Wearing apparel
1923-25 = 100
94.4
89.6
95.3
88.3
95.5
89.4
96.8
89.3
86.0
79.8
90.1
56.8
57.8
65.3
64.0
56.6
64.7
Tobacco manufactures
1923-25 = 100—
57.9
62.4
61.1
61.9
57.3
56.5
65.1
a
82.3
82.4
76.8
76.7
80.0
73.9
Factory adjusted (F. R. iJ.)*_. 1923-25 = 10081.2
81.9
81.5
79.5
78.9
80.5
79.3
108.1
110.7
107.2
108.2
109.3
Chemicals and products
1923-25 = 100..
111.3
108.4
108.6
109.6
107. 5
108.1
103. 9
110.9
106. 3
102.3
102.3
103. 5
109.0
Chemicals
1923-25 = 100..
110.2
113.9
115.1
105.3
101.8
101.6
101.2
114.9
100.7
96.8
101.8
100.8
100.4
Druggists' preparations
1923-25 = 100—
100.3
99.1
101.4
101.4
102.1
99.0
100.6
101.3
108.8
103.4
100.5
100.0
108.6
Paints and varnishes
1923-25 = 100..
108.4
101.4
99.3
101.0
102.3
102.2
101.1
101.8
108.3
109.0
113.0
110.9
108.5
Petroleum refining
1923-25 = 100-.
112.1
113.1
108.7
110.0
110.4
109. 3
111.1
111.3
334.9
348.9
320.8
305.5
326.9
Rayon and products
1923-25 = 100-. 325.9
307.0
273. 8
304.2
329.5
338.0
346.8
296.8
101.4
102.8
107.3
110.5
102.0
Food and products
1923-25 = 100109.3
100.1
107.3
103. 7
107.9
104.8
105.0
110.8
113.6
113.2
113.6
113.7
Baking
1923-25 = 100
112.7
113.0
114.3
115.4
113.8
113.4
114.6
109.0
115.4
Slaughtering, meat packing
84.2
81.8
81.6
1923-25=100..
108.2
101.9
104.1
116.7
91.6
122.4
85.7
101.1
114.7
Iron and steel and products. _ 1923-25 = 100. _ 71.6
70.8
71.1
65.6
°71.5
66.4
69.4
70.6
76.3
71.4
65.4
67.7
68.8
Blast furnaces and steel works
72.2
72.6
° 72. 5
72.4
1923-25 = 100-.
65.9
68.0
72.2
73.4
69.9
79.3
65.4
66.7
70.3
56.0
"56.3
56.3
Structural and metal work. 1923-25=10055.8
55.7
59.4
57.8
57.0
57.8
58.1
57.4
55.3
57.6
87.9
89.2
Tin cans, etc
1923-25 = 100-.
94.1
89.2
89.5
95.3
93.6
88.9
90.8
92.4
93.4
95.8
92.4
92.2
90.5
Leather and products
1923-25 = 100..
81.4
"89.1
86.1
91.4
82.4
83.4
88.9
89.1
89.7
88.9
87.9
91.7
89.9
79.7
Boots and shoes
1923-25 = 100«87.9
81.4
82.3
83.9
90.9
87.7
88.1
88.4
88.9
87.5
94.3
93.3
83.3
Leather
1923-25 = 100..
94.5
95.1
94.1
86.7
88.6
93.2
93.8
92.3
92.3
89.7
52.4
51.9
47.7
Lumber and products
1923-25 = 100-.
51.3
48.0
47.3
48.8
49.8
48.8
47.8
48.8
50.8
48.4
71.1
70.3
61.2
Furniture
..1923-25 = 100
70.5
63.0
60.7
67.6
62.9
66.4
69.6
64.9
62.8
64.7
39.4
38.8
36.0
Millwork
1923-25 = 100.
40.2
34.3
36.3
41.9
37.3
38.4
37.4
37.0
36.7
35.7
35.0
34.6
33.3
33.4
33.0
32.6
Sawmills
_.
1923-25 = 10030.1
34.2
33.1
32.2
32.4
34.2
33.0
86.0
85.6
75.8
75.7
77.2
84.9
Machinery
1923-25 = 100.
84.4
79.2
83.1
81.2
79.1
81.4
78.1
91.6
94.7
76.4
72.4
82.1
94.1
Agricultural implements. _ 1923-25 = 100.. 111.4
84.1
87.1
73.8
73.2
86.7
70.5
70.9
69.2
65.0
65.9
65.4
Electrical machinery, etc..1923-25 =100-.
70.7
65.6
67.5
65.9
69.6
66.2
65.1
65.3
Foundry and machine-shop products
73.1
72.7
72.0
66.9
68.4
72.6
1923-25 = 100. _
71.6
72.3
70.3
69.5
67.3
68.9
231.2
200.0
157.1
252. 7
Radios and phonographs... 1923-25 = 100..
182.7
227.4
164. 7
203.8
227.3
226.8
175.5
197.7
213.5
80.8
74.1
79.9
79.0
Metals, nonferrous
1923-25 = 100. _
76.1
76.8
78.3
74.9
80.7
76.8
75.1
73.6
74.9
80.3
71.9
80.4
Brass, bronza, copper prod. 1923-25 = 100..
79.8
79.4
79.3
72.8
74.5
75.8
75.8
78.7
73.3
71.6
Stamped and enameled
94.9
93.2
94.3
92.9
83.4
93.4
ware
1923-25 = 100..
82.8
92.0
92.9
91.4
85.8
84.0
89.1
94.9
96.7
96.4
Paper and printing
1925-25=100.
95.6
96.0
95.4
94.9
97.1
96.4
94.4
95.5
95.0
95.8
109.8
109.7
Paper and pulp
1923-25 = 100..
107.4
106. 8
108.7
105.4
108. 6
108. 9
109.9
109.2
106.0
104.8
104.8
52.6
52.1
53.8
52.4
53.6
Railroad repair shops
1923-25 = 100—
55. 4
53. 7
53.4
59.4
51.7
53.3
58.0
55.0
65.6
65.8
Electric railroads
1923-25 = 100.
65.5
65.9
65.7
65. 1
65.3
65.7
65.7
65.6
66.7
66.3
66.0
51.6
53.0
Steam railroads
1923-25 = 100..
54.7
52.4
57.4
51.1
50.7
51.4
52.7
52.3
53.8
54.2
52. 8
82.3
84.4
79.5
83.4
83.8
Rubber products
1923-25 = 100..
79.0
77.0
79.9
77.6
83.2
82.8
82.0
78. 1
a
73.6
76.6
Rubber tires and tubes
1923-25 = 100,.
71.7
68. 4
71.0
74.4
77.0
76.4
70. 2
76.7
74.0
73.8
71.8
Stone, clay, and glass products
53.6
53.4
52.7
52.4
51.2
52.4
50.0
51.7
51.9
1923-25 = 100,.
54.9
53.9
51.1
52.0
28.0
27.4
29.2
29.9
30.0
Brick, tile, and terra cotta. 1923-25 = 100..
29.9
29.3
29.5
28.2
29.6
32.0
29.4
28.7
55.3
50.3
44.4
48.8
43.9
41.9
42.4
Cement
1923-25 = 100-.
47.8
50.9
56.2
55.4
54.3
51.6
93.1
92.7
92.9
81.7
94.1
87.8
94.0
Glass
1923-25 = 100—
87.4
85.3
92. 1
90.5
92.8
89.1
93.6
96.0
96.6
90.7
Textiles and products
1923-25 = 100-.
90.2
91.6
92.2
90.2
72.9
92.1
95.1
96.6
91.3
91.0
92.7
94.6
88.8
Fabrics
1923-25 = 100.
90.6
91.1
88.2
92.4
94.8
95.6
62.7
90.6
89.0
95.6
99.2
96.9
91. 3
87.4
91.3
94.7
90.8
Wearing apparel
1923-25 = 100-.
93.4
89.7
90.8
85.5
92.4
56.8
57.7
58.2
62.5
60.7
57.7
61.6
61.1
Tobacco manufactures
1923-25=100..
62.9
58.2
62.7
65.4
61.8
94.0
99.1
99.4
69.3
70.4
Transportation equipment_ _ 1923-25 = 100-.
90.3
75.5
84.4
93.5
98.4
90.6
85.8
83.7
113.5
114.4
74. 7
77.4
96.8
109.2
114.1
105. 9
82.1
Automobiles
1923-25 = 100..
95.5
103. 0
101.1
92.3
54.7
52.6
38.2
37.0
35.9
46.9
54.9
43.9
38.3
Cars, electric and steam._. 1923-25 = 100..
44.0
53.2
52.1
49.2
tt
70.0
71.1
76.1
72.1
76.0
74. 1
68.5
66.3
69.3
Shipbuilding
1923-25 = 100—
71.5
75.3
75.7
70.8
Factory, by cities and States:
Cities:
80.2
82.6
79.4
77.3
78.2
75.7
78.4
83.3
Baltimore*
1929-31 = 100 _
80.7
80.6
81.6
80.1
81.9
68.6
69.0
69. 3
66.0
65.9
69.3
Chicago*
1925-27 = 100—
65.6
68.3
70.1
67.0
67.2
67.9
67.7
87.6
82.1
Cleveland*
1923-25=100..
76.3
74.8
78.6
83.9
86.4
76.7
88.7
80.9
79.6
82.6
86.7
110.2
91.2
102.4
50.2
62.4
108.3
109.5
Detroit
1923-25 = 100...
64.2
110.8
70.2
93.7
83.9
83.1
91.6
93.0
76. 9
79.4
84.0
88.9
92. 4
77. 5
90.0
93.1
Milwaukee*
1925-27 = 100 i
82.6
81.0
85. I
75.2
72.3
75. 6
74.1
New York
1925-27 = 100-1
75. 1
74.9
73.6
70.7
73.4
68.1
69.8
70.5
71.8
88.8
87.8
84.6
86.2
88.4
82.1
88.3
86.5
89.5
Philadelphia!
1923-25=100-1
82.3
83.8
8S.1
82.9
68.4
68.8
66.6
65.8
65.3
68.3
Pittsburgh*!
1923-25 = 100-!
66.3
67.4
65.5
67. 5
70.8
68.4
68.9
States:
I
91.2
84.6
86.2
84.4
82.6
Delaware!
1923-25 = 100 |
83.2
90.3
91.6
84.3
85.9
94.7
93.5
89.6
74.2
70.3
73.5
69. 9
74.3
Illinois
1925-27=] 00.. |
69.9
74.8
71.5
73.1
75.6
72.7
72.9
7.3. 4
108.9
111.8
113.0
Iowa
1923 = 100 .1 117.2
109. 3
110.2
113.3
117. 1
106. 7
111.8
108.5
114.0
111.7
67.6
56. 5
66.6
69.0
70.0
71.6
69.0
68.2
67.2
72.3
66.5
71.7
67. 4
Massachusetts'^
1925-27 = 100-i
• Revised.
* For i arlior da;a c-eo t ho folio \ F T r -r <r^n. *: For factory employment, adjusted, all series, see pp. 16 to 19 of the July 1934 issue; employment in Baltimore, Milwaukee,
and Mas-achu>of t<5, p. 1>, Deccr1' . r )'X)S: ..nc
eniplojmp'it' in ''hii-mo, p. 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July
1934.
! For revised data rofcr to the
tod
(^ ;s fol'ov. « : Employment in Delaware and Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for thos^, series
=
he M :cii !!')"> issuo; for Massachusetts,, employment for 1931, p 19, August 1933.
p. ,
and for the city of Pittsburgh. ^»?
y
g
,
py
AData revised for years 1932-31, inr-Wslve. Revisions prior to Mirch 1934 will appear in a subsequent issue.




29

SURVEY OF CURRENT BUSINESS

August 1935
Monthly statistics through December 1331,
together with explanatory footnotes and references to the sources of the da,ta, may be found
in the 1932 Annual Supplement to the Survey

1935
June

1935

1934
June

July

August

Se

t em
bPe r -

0

May

October I N ™ " "

EMPLOYMENT, CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, by cities and States—Continued.
States—Continued.
Maryland*
1929-31 = 100New Jersey!
1923-25 = 100..
New York
1925-27 = 100Ohio
1926 = 100Pennsylyaniat
1923-25 = 100-.
Wisconsin
1925-27 = 100. _
Nonnianufacturing (B. L. S.):
Mining:
Anthracite
1929 = 100..
Bituminous coal
1929 = 100—
Metalliferous
— 1929=100—
Petroleum, crude production. 1929 = 100..
Quarrying and n o n m e t a l l i c . .1929 = 100. _
Public utilities:
Electric light and power and manufactured gas
1929 = 100..
Electric railroads
1929 = 100—
Telephone and telegraph
1929 = 100—
Trade:
Retailf
1929 = 100. _
Wholesale!
1929=100Miscellaneous:
Dyeing and cleaning*!
1929=100—
Hotelst
1929=100,.
Laundries*!
1929=100-.
Miscellaneous data:
Construction employment, Ohio
1926=100..
Farm employees, hired, average per farm*
number..
Federal and State highway employment,
total*
number..
Construction*
__ number..
Maintenance*
number..
Federal civilian employees:
United States*...
numberWashington
number..
Railroad employees, class I
thousands..
Trades-union members employed:
All trades
percent of total - Building trades*
percent of total-.
Metal trades*
..percent of total..
Printing trades*
percent of total..
All other trades*.. ..percent of total..
On full time, all trades, percent of total—

i
88.0
72.4
72.5
90.8
75.0
86.6

87.6
76.9
71.1
93.3
75.6
84.1

87.0
76.5
69.7
89.0
74.4
85.7

86.2
77.0
70.4
87.6
74.5
82.4

86.7
76.7
71.4
84.4
72.9
80.9

85.4
76.0
72.0
81.9
75.0
80.2

85.5
75.0
70.9
83.0
74.4
79.5

85.5
75.3
71.1
85.3
75.0
80.6

84.9
73.1
70.6
87.3
74.3
81.3

73.8
73.1
91.3
76.1
84.0

89.3
74.9
74.3
94.1
77.1
85.7

90.7
74.5
74,8
94.9
75.9
85.1

«89. 5
74.2
73.7
"93.0

56.8
77.9
46.0
76.5
50.4

57.5
76.7
41.0
80.0
56.6

53.6
77.0
39.9
81.6
55.6

49.5
77.1
42.7
82.7
54.7

56.9
78.2
42.3
81.8
53.3

58.5
79.3
43.3
79.5
51.8

60.7
79.8
43.2
78.8
49.5

61.6
79.7
44.4
78.7
42.1

62.9
80.0
44.3
74.9
36.9

64.4
81.1
44.3
74.2
37.3

51.4
81.6
45.0
74.0
40.5

52.6
74.3
46.0
74.9
45.3

53.5
75.3
44.4
76.0
49.5

83.8
71.7
70.2

84.0
73.2
70.4

85.0
73.1
71.0

85.6
72.8
71.0

85.8
72.5
70.9

85.8
72.2
70.3

85.5
71.8
69.9

83.6
71.0
69.7

82.7
71.2
70.5

82.2
71.0
70.0

82.2
71.3

82.6
71.4
69.7

83.2
71.6
70.0

82.1
82.1

82.6
82.3

79.0

77.8
82.5

83.7
85.1

91.1
85.0

79.5
84.2

79.2
84.6

80.2
84.0

83.6
83.2

82.2
82.5

"84.2
°81.9
a
79.9

81.7
83.5
a
79.3
«80.0
"78.9

82.6
84.3

82.9
81.3
78.3

82.2
«79.8
°80. 4
"80.5

79. 6
° 80. 9

a
75. 2
"80.6
"76.4

69. 7
°80. 3
°75. 7

«69.0
"81.1
«75. 7

a
71.9
a
80.8
a

"79.2

«80.2
°81.6
»77.2

34.1

38.0

30.5

25.1

24.7

21.6

17.5

18.4

.98

1.02

.80

.66

.65

.65

.72

362, 339
224, 086
138, 253

545, 013
374, 056
170,957

549, 203
380, 701
168,502

531, 034
350, 764
180. 270

498,151
309, 745
188, 4C6

450, 322
281, 087
169, 235

426, 603
267,152
159, 451

323, 700
189, 020
134, 680

240, 414
120,131
120, 283

221, 406
99,197
122, 209

217, 539
109, 390
108,149

282, 740
147. 256
135, 484

331, 000
195, 459
135, 541

753, 017
103, 453
1,035

696, 977
87,196
1,071

702, 037
87, 978
1,065

707, 546
91, 065
1,048

713, 662
92, 557
1,035

715,606
93, 322
1,028

707, 307
93, 827
995

707, 606
94, 050

710,347
94, 389

977

976

715, 901
95, 517
985

720, 279
97, 388
995

745, 345
100, 949
994

747, 478
102, 539
1,017

77

75
45
78

72
40
75
82
78

75
42
75
83
83
52

76
44
73
83
84
53

75
44
73
49

73
43
74
84
79
48

78
41
76
85
85
55

79
43
77
86
86
57

79
• 46
77
86
84
57

33.5

33.3

33.9

34.0

35.0

36.4

265
258
255
233
1,676,265 2,020,172 11,735,672 4,029,155
',17
106,852 219, 03' ' 122,144 486, 798

260
852. 787
102,971

203
841, 570
98, 201

198
376, 297
73, 481

211
774,301
94,176

.88

86
81
54

83

81
49

72
43
76
83
78
48

35. 9

35.4

34.0

49

77

°77.9
°80. 0
° 79. 6

a

83
81

a
a
a

71. 8
80. 0
75. 6

a

74
40
75
83

80
51

75. 8

»81. 1
°76. 1

75.5
85.7

°30.7

LABOR CONDITIONS
Hours of work per week in factories:*!!
Actual, average per wage earner
hours..
Industrial disputes:§
Disputes (in progress)
number..
Man-days lost
number..
Workers involved (in progress)..number..
Labor turn-over:!
Accessions
percent of no. on pay roll..
Separations:
Discharged—-percent of no. on pay roll —
Laid off
percent of no. on pay roll—
Voluntary quits
percent of no. on pay roll..

36.7

222
256
289
309
868,439 1,026,778 1,355,000 1, 840, 000
94, 438
94,848 142,000
148, 000

3.18

3.58

3.71

3.24

3.61

4.09

4.32

6.14

6.33

4.23

3.79

3.63

3.01

.20
3.46

.18
3.48

.19
2.96

.19
3.56

.16
3.41

.19
4.38

.15
3.78

.15
2.72

.18
2.10

.18
1.8S

.17
2.32

.20
2.60

.17
3.00

.83

.94

.70

.62

.58

.76

.73

66.5
57.8
55.5

64.9
56.9
62.6

60.5
49.9
47.6

62.2
50.0
45.5

69.1
58.6
59.0

70.7
60.5
59.3

70.8
61.8
59.4

1.55

.93

PAY BOLLS
Factory unadjusted CB.£.S.)*_ 1923-25=100. _
Durable goods group*
1923-25=100—
Iron and steel and products 1923-25=100-.
Blast furnaces and steel works
1923-25= 100..
Structural and metal work
1923-25=100Tincans, etc
1923-25=100..
Lumber and products
1923-25=100—
Furniture
1923-25=100..
Millwork
1923-25=100. _
Sawmills
1923-25=100Turpentine and rosin
1925-25=100Machinery
-1923-25 = 100. _
Agricultural implements. 1923-25= 100..
Electrical machinery, etc. 1923-25=100..
Foundry and machine shop products
1923-25=100..
Radios and phonographs. 1923-25= 100—
° Revised.

58.0
45.5
41.1

61.0
46.4
42.8

59.5
46.1
44.2

63.2
50.4
47.6

64.1
52.5
51.9

a

68.5
60.1
58. 5

56.4

68.9

47.9

44.0

37.3

39.2

41.7

46.5

53.9

63.8

63.3

62.3

« 61.1

40.6
93.5
36.3
48.5
31.5
20.9
59.9
66.9
127.5
56.1

42.7
94.1
33.9
41.2
24.1
23.2
51.0
61.6
76.1
51.8

40.6
94.5
31.6
39.3
23.1
20.9
50.3
58.5
70.2
49.8

41.8
93.6
33.5
42.7
23.1
22.1
51.3
58.1
68.3
50.2

40.5
96.2
33.9
44.6
21.8
22.3
52.2
55.6
66.7
48.0

40.8
82.5
35.2
47.2
24. 1
22.6
45.1
57.0
74.4
49.3

41.2
79.4
33.6
44.5
24.0
21.3
47.9
57.2
85.7
50.0

39.2
79.6
33.3
45.9
24.6
20.0
50.2
60.2
91.2
52.2

39.5
80.7
31.7
43.5
23.0
19.1
52.7
60.8
97.5
52.4

37.6
77.3
34.8
47.1
25.3
21.4
54.2
64.3
100.9
55.0

38.7
83.3
36.3
49.7
25.8
22.4
52.3
66.9
113.7
57.2

39.8
85.4
37.5
49 2
27.7
23.7
57.9
67.6
108.8
58.4

« 40. 987. 0
« 34. 8
47.1
29.1
°20.1
57. &
67.8
110.5
58. 2

56.2
100.9

55.5
117.4

51.1
114.4

50.3
123.1

46.7
127.0

47.6
137.8

46.6
131.5

49.7
132.0

51.5
112. 5

55.7
103.2

57.5
110.6

58.0
107.0

57.9101.5

on p. 18 of the June 1934 issue. See also p. 19, July 1934 issue.

nber 1932; Federal and
32, and hours of work,
5 by classes are shown

1934issue. ~Fo"r labor turnover see p. 20 of: the "AprU'1935'issue:" "
"
'
~~ "~ » — - « .
— —
— See p. 20 of the July
• Figures represent the condition as of the end of the month shown. This method has been followed since September 1932. Figures shown previous to that date in theSurvey are as of the first of the month. They were published as of the first of the following month by the Department of Agriculture
1 Data revisedt or 1934. See pp. 29 and 56 of the May 1935i ssue.
§ Data revised. Revision for year 1933 will be shown in a subsequent issue.




30

SURVEY OF CURRENT BUSINESS

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

1934

1935

June

August 1935

June

1935

August Septem- October Novem- Decem- January February
ber
ber
ber

July

March

April

May

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS-Continued
Factory unadjusted—Continued.
Durable goods group—Continued.
Metals, nonferrous
1923-25=100Aluminum manufactures
1923-25=100_.
Brass, bronze, copper products
1923-25=100Stamped and enamel ware
1923-25=100..

Railroad repair shops
1923-25=100..
Electric railroads
1923-25=100..
Steam railroads
1923-25=100..
Stone, clay, and glass products
1923-25=100..
Brick, tile, and terra cotta
1923-25=100..
Cement
.1923-25=100
Glass1923-25=100
Transportation equipment.1923-25=100.,
Automobiles
1923-25=100..
Cars, electric and steam.1923-25 = 100..
Shipbuilding
1923-25 = 100..
Nondurable goods group* —1923-25= 100. _
Chemicals and products...1923-25 = 100._
Chemicals..
1923-25=100..
Druggists' preparations.. 1923-25=100..
Paints and varnishes
1923-25 = 100—
Petroleum refining
1923-25 = 100..
Rayon and products
1923-25=100—
Food"and products
1923-25 = 100. Bakin"
1923-25-100..
Beverages
1923-25 = 300Slaughtering, meat packing
1923-25-100..
Leather and products
1923-25 = 100._
Boots and shoes.
1923-25 = 100 .
Leather
„ .1923-25 = 100 .
Paper and printing
1923-25=100—
Paper and puip
1923-25 = 100 .
Rubber products
1923-25 = 100 Rubber tires and tubes..1923-25 = is 0 .
Textiles and products
1923-25 = 100 .
Fabrics
1923-25 = 100.
Wearing apparel
1923-25=100 .
Tobacco manufactures
1923-25=100.
Factory by cities:
Baltimore*
1929-31 = 100..
Chicago*
1925-27 = 100—
Milwaukee*.-..
..—1925-27=100..
New York*
..1925-27=100..
Philadelphia*!
1923-25 = 100..
Pittsburgh*!
—1923-25=100..
Factory bv States:
Delaware!
1923-25=100..
Illinois A
1925-27 = 100..
Maryland*
1929-31 = 100Massaehusetts**!
1925-27=100New Jer^ev j
1923-25 = 100..
New York..'
1925-27 = 100..
Pennsylvania!
1923-25 = 100..
Wisconsin....
1925-27 = 100..
Nonmanufacturing (B. L. S.)\
Mining:
Anthracite...
1929 = 100..
Bituminous coal
1929 = 100..
Metalliferous
1929 = 100..
Petroleum, crude production
1929 = 100Quarrying and nonmetallic 1929=100..
Public utilities:
Electric light and power and manufactured gas
1929 = 100Electric railroads
1929 = 100,.
Telephone and telegraph...1929 = 100Trade:
Retail!...
1929=100Wholesale!
.1929 = 100..
Miscellaneous:
Dyeing and cleaning*!
1929 = 100..
Hotels!
..1929 = 100..
Laundries*!
1929=100..

62.6

57.9

53.6

53.2

54.0

57.5

58.8

61.5

58.4

63.4

64.6

64.4

63.3

56.8

59.1

43.8

40.8

41.4

51.1

53.8

56.2

51.1

58.7

61.2

60.9

59.8

60.0

58.4

54.4

51.2

48.7

49.5

51.3

55.6

58.3

63.2

64.0

64.1

61.5

79.0
51.0
59.0
50.5

80.1
53.8
59.6
53.5

72.9
51.1
58.8
50.6

70.8
48.5
58.5
47.9

66.7
45.6
56.9
44.9

70.4
46.8
57.1
46.2

71.9
44.4
57.4
43.5

79.1
44.4
58.4
43.5

77 6
43.8
58.0
42.9

86.8
48.0
59.7
47.2

91.4
49.6
60.7
48.9

89.6
50.7
60.4
50.1

52.5
60.2
52.0

40.5

38.8

36.1

34.9

34.7

35.5

35.6

34.4

31.6

34.8

37.4

39.3

40.3

19.3
40.1
82.0
88.4
93.4
46.6
55.5
77.6
95.0
98 0
93.7
94.0
99.3
240. 5
90.3
99. G
173. 4

19.3
39.9
73.4
78.5
85.8
56.7
60.2
75.1
88.1
96.1
90.3
86.3
93.1
200.0
91.9
96.5
182.5

17.0
39.1
69.5
66.0
70.7
50.7
55.6
73.9
88.7
96.6
86.1
78.8
95.7
208. 6
95. 6
98.2
193. o

16.8
35.4
68.2
70.4
76.5
51.2
56.4
77.8
90.0
96.5
89.9
77.9
97.2
213.2
105.1
97.8
185.0

16. 1
33.9

16.9
32.4
69.4
49.7
52.0
34.4
56.2
79.6
91.6
92.4
99.1
78.1
97.9
217.2
103. 4
98.3
157. 2

16.5
29.4
72.0
48.4
51.3
30.0
54.0
76.6
90.9
90.7
96.8
78.5
96.8
231.6
96.1
98.6
142.2

15.3
24.1
71.9
67.6
76.4
31.5
55. 3
79.5
91.7
90.0
94.8
78.1
97.8
240.1
92.9
98.7
135.0

13.0
21.2
69.9
79.4
92.2
31.7
56.2
79.0
91.6
90.8
96.8
79.4
95.2
245.4
83.3
89.6
133. 4

15.0
22.1
75.6
94.7
110.3
43.4
59.7
82.5
93.2
91.0
97.9
83.7
95.3
252. 3
83.4
93.7
137. 2

16.3
25.0
81.3
98.2
112.7
54.5
63.8
83.8
96.1
93.7
95.9
86.2
96.4
252. 3
83.0
93.7
146.9

16.3
31.9
82.7
102.7
117.1
65.1
62.0
82.3
95.9
96.2
97.7
91.9
96.9
242.7
85. 5
95. 5
153.6

17.7
36.8
81.6
94.2
105.1
65.8
« 65.7
79.1
° 94. 8
97.8
93.9
95.1
« 96. 8
237. 8
86.9
97.3
162. 5

74.8

87.2
72 9
70 "
7'J S
7S {»

100.7
61.0
54. 6
82.0
82.7
82.0
58.1
50.4
71.1
72.5
64.1
48.8

98.4
69.1
63.7
86.5
86.3
83.5
66.0
60.0
75. 3
80.2
61. 3
49.9

84.0
76.4
72.5
88.5
83.4
83.5
69.4
62.2
78.5
82.2
66.6
41. 5

76
82.5
79.2
92.6
84.1
86.8
71.9
° 65. 7
84.5
84.5
79.5
40.8

73.5
84.1
80.7
94.2
84.5
88.4
70.6
62.7
86.8
83. 3
88.5
44.3

74.3
79.1
75. 1
91.4
84.6
87. 8
71.2
05. 4
82.4
78.0
86.4
43.1

74.0

49. 1
70.9
50.3

107.0
64. 3
60.4
76.9
82.7
83.2
58.3
49.6
74. 7
73.1
73.4
49.0

68.8
45.2
61.1
59.4
68.1
5S. 4

68.9
46.1
56.7
60.8
66.4
50.3

66.2
46. 4
58.8
61.8
70.8
54.7

67.7
43.7
60.7
59.6
72 5
53*. 7

66. 4
45.0
66.4
60.3
75.1
55.8

65.2
45.6
67.7
58.6
72.4
56.4

72.0
48.4
73.4
60.9
74.4
64.1

76.1
48.8
75.2
65. 3
75.2
65.8

78.5
48.5
78.5
63.7
74.6
66.3

77.0
47.4
77.2
59.7
73.0
65.5

64.7 i

65.1
48.6
73.0
46. 6
59.0
57.3
53.1
57.8

67.7
49.8
70.5
52.1
58.8
57.2
57.2
60.8

61.6
47.4
72.5
50.9
58.3
56.1
56.4
60.2

61.2 I

48.6 I
72.6 I
54.0
59 3
5&9 I
57.3
60. 7

48. 2 i
72.1 i
57.3 !
59.7
58.0
58.1
62.5

61.7
48.8
70.9
58.7
58.1
58.3
57.8
62.0

52.7
78.0
60.8
59.5
60.9
61.9
67.3

61.5
54.1
81.0
62.3
61.5
63.1
63.4
69.3

62.5
54.6
82.5
60.9
60.8
62.9
62.6
69.7

62.7
53.0
*80. 4
58.2
60.9
61.2
61.6
69. 4

n 1

91.4
77 2
76.2
79. 2
77 ?,
77.1
61 0
o" l*
U2 5
t>4 1
"n. 5

s" 4
n, 5
«J

]

• . 1
"_ 0
4". 5
76. 3

47.3

99.0 !
78. 7 I
79.1 i
76.1 i
78.4 I
78.8 I
58.8
49.9 !
68. 1 i
64.7 j
70.6 I
49.3

j

75.4 |
45.8 |
61.8
55. 3
67.1
52.9

!

67.4
52.3
54.3
40.0
57.0
74.0
89.9
92.1
92.3
75. 8
96.3
215.5
109.3
99. 6
167,0 (
109. 2
69.2
67.7
73.6
80.3
79.6
56.1

j
!
j
I
!

f7-?i
57.

a

90. 0
818
86. 9
66. 5
74.9
72. 1
43.8

76. .3
57. 4
73.5
00.

4o! 5
65.8
56.2
07. 4
68.6

66. 4
52. 3
79.9
56. 8
59' 2
60. 2
59. 8
70.

68.5
49. 9
79.9
53.9
59. 6
57.0
61.7
64.0

66, 0
04. 7
31.

33.3
55. 1

42.3
49.7
25.1

39.7
50.4
27.0

47.0
51.4
25.9

48.3
57.6
28.2

51.2
58.3
28.5

52.3 i
57.0
29.4 !

57.5
59. 6
30.1

64.3
66.1
29.9

38.9
67.5
30.9

49.9
45.0 I
31.8

49.5
49.1
31.4

58.3
33.8

56.9
37.0

60.0
35.0

61.2
34.0

59.7
32.4

60.8
32.1

59.0 j
29.4 i

59.5 j
23.6

55.5
20.8

54.9
22.2

56.0 I
24.9

56.7
28.9

57.8
32.8

79.8
63. 9
74. 4

77.8
63.2
71.3

81.1
63.8
72.3

79.9
62.8 I
74.0

79.3
62.4
72.2 I

80.6
63.0
74.9

79.6
61.8
72.2

78.3
62.3
73.2

78.0
62.9
73.9

78.3
63.1
72.9

79.4 !
63.4 i

75.3 I

79.0
63.3
73.1

79.8
63.6
73.7

62.4
64.6

61.4
62.8

58.4
62.7

60.6 !
63.6

61.9
64.5

61.9
64.2

64.8 ! 63.9

59.3
64.6

60.4
65.2

62.5
64.8

62.0
64.6

60. 6
« 63. 6
* 60. 8

= 60.4
a
63. 7
» 61.8

68.3
48.0 (
53! 2
58.1
55.7
55. 5
62. 2

a

0

!
i
!
I
i

a

63. 3

55.5
60.2
* 61. 8

57 3
61 0
61 0

°57. 9
a
62. 7
"60. 1

0
52. 8
< 62. 4
*
G
59.1

*50. 0
3
62. 2
3
58. 7

20.71

19.90

19.58

19 55

20 00

20.12

20. 74

23.20 i
17.06 !
14.57 I

22. 34
16.43
14.33

21 72
15 92
14 23

21 62
15. 98
14 10

22 48
16.29
14 43

22.60
16.23
14.39

23.03
16.59
15.08

63.5
63.3

62. 7
«62. 9
« 63. 4

21.76
24 11
17. 48
14. 73

3

61. 5

B

0

»49.3
» 62. 2
*59.3

° 48. 7
° 63. 5
«59. 5

3

52. 4
*63.9
"59.9

a

WAGES—EARNINGS AND B A T E S

Factory, weekly earnings (25 industries):*! J ;
All wage earners
dollars._j
Male:
j
Skilled and semiskilled
..dollars..I
Unskilled..
dollars.-!
Female
—
- -dollars.. |

22.09
23. 95
17.65
15.21

21. 86

21.93

21.76

24.64
18.03
15.46

24. 25
17.85
15.47

24.62
17.87
15.21

24.41
17.49
14.83

* For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago,
p 20 June 1933' pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls, Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh,
p! 18 January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933; factory
weekly earnings, p. 20, October 1932. Data on pay rolls for nondurable goods industries for the period January 1923-June 1935 are shown on p. 19 of this issue.
t Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Pennsylvania, Delaware, New Jersey, and

* Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue.
• Data revised for the years 1932-34, inclusive. Revisions prior to March 1935 will be shown in a subsequent issue,
c? Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue.




31

SURVEY OF CURRENT BUSINESS

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

June

1935

1934

1935
June

August Septem- October Novem- Decem- January Februber
ary
ber
ber

July

March

April

May

EMPLOYMENT CONDITIONS AND WAGES—Continued
W A G E S - E A R N I N G S AND R A T E S Continued
Factory, weekly earnings (25 industries) *—
Continued.
All wage earners
1923 = 100Male:
Skilled and semiskilled
1923 = 100..
Unskilled
.1923 = 100..
Female
1923 = 100Factory, av. hourly earnings (25 industries):*-^
All wage earners..
_.dollars..
Male:
Skilled and semiskilled
dollars..
UnskilleddollarsFemale
dollars..
Factory, weekly earnings, by States:
Delaware
—
1923-25=100Illinois
1925-27 = 100Massachusetts* t •1925-27 = 100. _
New Jersey
1923-25=100New York
1925-27 = 100..
Pennsylvania
1923-25=100—
Wisconsin
1925-27 = 100Miscellaneous data:
!
Construction wage rates:*§
1
Common labor (E. N. R.).do\. per hour..
Skilled labor (E. N. i?.)__dol. per h o u r Farm wages, without board (quarterly)
dol. per month._
Railroads, wages
dol. per hour.. I.
Road-building wages, common labor:#^
j
United States
dol. per hour..
East North Central-.
dol. per hour—j
East South Central
dol. per hour..
Middle Atlantic
dol. per hour—|
Mountain States
dol. per hour.-1
New England
dol. per hour..|
Pacific States
dol. per hour,.
South Atlantic
dol. per hour..'
West North Central
dol. per hour..i
West South Central
dol. per hour..'
Steel industry:
\
U. S. Steel Corporation
dol. per hour._{
Youngstown district...percent base scale--!

81.8

77.8

74.8

73.6

73.5

75.2

75.6

77.9

81.2

83.0

82.1

82.4

81.8

78.3
78.5
85.4

75.3
76.6
84.5

72.5
73.7
83.1

70.5
71.5
82.5

70.2
71.7
81.8

73.0
73.1
83.7

73.4
72.8
83.5

74.7
74.5
87.5

77.8
79.2
88.2

80.0
80.9
89.7

78.7
80.1
89.7

79.9
80.2

79.3
78.5
86.0

.586

.588

.594

.594

.594

.595

.597

.660
.493
.436

.480
.429

.650
.484
.429

.650
.481
.425

.654
.480
.430

.656
.487
.428

.658
.490
.428

.656
.487
.428

.656
.491
.430

.659
.490
.431

.659
.494
.433

.650
.492
.434

.661
.493
.436

77.6
76.3
84.0
91.3
83.0
79.4
80.8

76.3
74.1
79.1
87.0
80.2
81.3
74.3

77.1 i
72.6
80.0
85.3
79.8
74.4
69.3

76.3
71.7
80.3
86.5
80.9
77.0
71.2

75.4
70.7
82.5
86.4
80.2
74.0
69.4

78.0
72.8
77.1
86.9
79.5
76.9
73.5

75.4
72.3
76.4
87.3
79.1
76.7
73.0

76. 3
73. 7
83. 0
88. 9
81. 6
78. 4
75. 2

77.1
74.4
83.8
89.1
82.6
78.1
74.3

79.6
77.1
84.9
90.4
83.3
81.4
78.4

78.6
77.7
86.0
92.0
85.0
82.4
79.3

78.3
77.3
84.8
91.3
84.1
82.4
80.5

77.1
75.8
84.2
91.8
83.0
81.4
79.8

.523
1.07

.534
1.10

.530 i
1.10 I

.530
1.11

.535
1.12

.536
1.12

.539 !
1.12 j

.541
1.12

.538
1.11

.524 j
1.10 I

.524
1.11

.526
1.10

. 523
1.08

30.08

27.29
.599

.596

.612

27. 83
.629

.616

.632

26. 69
.636

.647

.667

42
!50
. 30
.41
.56
.43
.58
.32
.43
.34

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

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

.485
101.5

.485
101. 5

.485
101.5

, 30
.43
.43
. 56
.47
.37

.43
.51
.30
.41
.55
.43
I 31
.42
.35
.485 !
101.5 I

.592

.41
.51
.30
. 55
.42
.58
.32 i
.46 i
.34 I

.485 !
101.5 ;

28.82
.647

.599

.676

.39
.52
.30
.44
.55
.47
.55
,31
.46
37

.40
.53
.30
.43
.56
.45
. 55
.31
.46
.37

.485
101.5

.485
101.5

.485

493

466

413

375

4S5
238
247
30
171

452
217
235
41
177

423
197
226
43
182

391
178
214
22
175

356
162
193
19
173

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

.40
.52
.30
.42
.55
. 42
.57
.32
.48
.34

.39
.52
.30
.42
. 55
.43
.57
.31
.47
.35

. 485
101.5

.485
101. 5

.485
101.5

'.30
.44
.55
.45
.55
.31
.47
.36
.485
101.5

561

543

516

517
252
265
44
178

497
243
254
46
166

.39
!

.30
.43
.56
.43
.55
.31
.47
.37

FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total..mills, of dol—
Held by Federal Reserve banks:
For own account
mills, of dol
For foreign correspondents
mills, of dol
Held by group of accepting banks, total
mills, of dol—
OWD bills
mills of dol
Purchased bills
_
_ mills, of dol
Held by others
mills, of dol—
Com'l paper outstanding
mills, of dol—
Agricultural loans outstanding:
Farm mortgages:
Federal land banks
mills, of dol—
Joint stock-land banks J mills, of dol—
Land bank commissioner*.mills, of dol—
Federal intermediate credit bank loans to
and discounts for: A
Regional agricultural credit corp's and
production credit ass'ns.-inills. of dol._
All other institutions
mills, of dol—

343

534

516

520

539

562
1

2

1

1

1

317
154
163
26
159

480
220
260
53
151

472
222
250
42
168

483
222
261
37
183

503
223
280
192

516
245
271
45
188

2,017

1, 650

1,711

1,766

1, 811

1,849

1,886

1,916

1, 943

1, 961

1, 975

1,976

1,998

131
68

127
70

128
73

125
74

118
73

105
83

101
88

100
90

100
88

103
87

115
86

124
89

130
83

203
733

320
379

306
430

295
478

285
518

1

276
552

266
587

256
617

246
o43

239
685

230
687

223
697

215
716

f Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues. Massachusetts weekly earnings for 1931, p. 19, August
1933; factory hourly earnings for 1933, p. 20, July 1934.
<?_Data for 1934 revised. See pp. 30 and 56 of the M a y 1935 issue.
• Data revised for years 1932-34, inclusive. Revisions prior to March 1934 will appear in a subsequent issue.
§ Construction wage rates as of July 1, 1935, common labor, $0,529; skilled labor, $1.08.
# Beginning with March 1932 data are based on Federal aid and State projects; before that time the data are based on Federal-aid projects.
1 Increase in wage rates during March 1934 was due to provisions of title I, sec. 234, par. 2, item C of the National Recovery Act, which required State highway departments tofixminimum wage scales.
t Joint stock land banks in liquidation.
192;
1926-Dei
included in the June 1934 issue for Land Bank Commissioner for July 1933-April 1934.
Breakdown of figures shown in issues up to November 1934.




32

SURVEY OF CURRENT BUSINESS

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

193o
June

August 1935

1934
June

July

August

1935

Novem- Decem- January FebruSeptem-I
ber I October
ber
ber
ary

March

April

May

FINANCE—Continued
BANKING—Continued
Agricultural loans outstanding—Continued.
Other loans:
Agricultural marketing act revolving
fund loans to cooperatives t
mills, of dol_49
55
55
55
55
Banks for cooperatives, incl. Central
24
Bank *
mills, of doL_
21
21
23
23
Emergency crop ioans*
126
91
91
92
mills, of doL91
110
50
Prod. cred. ass'ns *
mills, of dol .
39
58
61
73
129
Regional ag. credit corp.*-.mills. of dcL.
138
118
107
27, 752
Bank debits, total
mills, of dol.. 31,581
30,142
25, 705
24, 009
13, 842
New York City.—
mills, of dol.. 15, 667
15, 388
12, 285
11, 122
13, 910
Outside New York City
mills, of doL. 15,914
14, 754
13, 420
12, 888
Brokers' loans:
Reported by N. Y. Stock Exchange
809
1,082
923
874
832
mills, of dol__
2.23
3. 14
3.00
2.68
2.57
Ratio to market value
percent-.
By reporting member banks:
To brokers and dealers in N. Y.*
886
mills, of dol._
To brokers and dealers outside N. Y.*
66
mills, of dol—
Federal Reserve banks:
8,161
8,175
9,529
8,197
8,220
Assets, total
mills, of dol..
Reserve bank credit outstanding
2,472
2,462
2,464
2,480
2,464
mills, of dol_.
5
5
5
5
6
Bills bought
mills, of dol..
22
25
6
23
15
Bills discounted
mills, of dol..
2,432
2,432
2,433
2,432
2,431
United States securities, .mills, of dol_.
5,154
5,022
5,220
5,196
6, 426
Reserves, total..
..mills, of dol_.
4,930
4,808
5,001
4,980
6, 203
Gold reserves^
mills, of dol..
8,161
8,175 |
8,197
8, 220
9, 529
Liabilities, total
mills, of dol..
4, 295
4,138
4,312
4,257
5, 406
Deposits, total
.mills, of doL.
4,029
3, 840
4,052
3,934
4,979
Member bank reserves.--mills, of dol_.
3,077
3,101
3,134
3,167
3,258
Notes in circulation.
..mills, of dol..
69.4
70.1
70.0
74.2
Reserve ratio
percent..
Federal Reserve reporting member banks:*
Deposits:
12, 504
12, 745
12, 926
Net demand
mills, of doL. 15,514
13, 083
4,501
4,488
4,385
4,510
Time
mills, of dol..
4,471
9,723
9,906
Investments
mills, of dol.. 10, 960
10,017
U. S. Qov. direct obligations* •
7,279
mills, of dol..
U. S. Gov. guaranteed issues* •
846
mills, of doL.
2, 835
Other securities* •
mills, of dol..
7,873
7,548
7,802
7,794
Loans, total
mills, of doL.
Acceptances and commercial paper* A
307
mills, of dol_.
957
On real estate* A
mills, of doL.
3,099
3,529 I 3,358
3,247
3,047
On securities.
mills, of dol..
3,185
Other loans* A
mills, of doL.
Interest rates:
WX
WX
Acceptances, bankers' prime
percent-.
.25
1.00
1.00
1.00
Call loans, renewal
percent..
1.00
X-i
X-i
Com'l paper, prime (4-6 mos.)-—percent..
x-1
1.50
x-1
1.50
1.50
Discount rate, N. Y. F. R. Bank.percent..
1.50
4.19
5.00
1.50
Federal Land bank loans*
percent..
5.00
5.00
2.00
2.00
5.00
Intermediate credit bank loans...percent..
2.00
2.00
2.00
Real estate bonds, long term
percent..
H
X-i
X-i
Time loans, 90 days
percent..
Savings deposits:
5,114
5,187
5, 054 I 5,145
5,134
New York State
mills, of doL.
U. S. Postal Savings:
1.197 1, 190, 288 1,192,199 1. 192, 764
Bal. to credit of depositors.thous. of dol.. 1,204,598
Bal. on deposit in banks.thous. of dol_. 369, 238 694,575 643, 600 596, 937 573,022
FAILURES

57

57

55

54

50

50

50

25

25

28

28

29

28

30

32

95
97
78

124
105
77
30, 206
14, 551
15, 655

83
58
97

78
58
91
24, 752
11,343
13, 409

78
61
87
30, 915
15, 214
15, 701

77
65
85
30, 063
14, 997
15, 066

76
71
82
25, 730
12, 549
13,181

75
86
80
31, 744
15, 895
15, 849

31, 651
15, 905
15, 746

2.62

831
2.45

880
2.59

825
2.50

816
2.54

773
2.50

2.40

693

660

598

702

726

720

881

153

155

54

166

166

170

184

8,229

8,332

8,442

8,719

8,873

8,833

9,096

9,165

2,455

2,463
6

2,465
6
6
2,430
5,807
5,559
8,873
4,889
4,587
3,154
72.2

2,471
5
8
2,437
5,825
5,592
8,833
4,893
4,247
3,166
72.3

2,4

2,430
5,401
5,143
8,442
4, 405
4,096
3,221
70.8

2,461
6
7
2,430
5,680
5,405
8,719
4,810
4,543
3, 085
72.0

2,468

2,430
5.212
4,989
8,229
4,262
4,006
3,161
70.2

2,453
6
11
2,430
5,317
5,107
8,332
4,313
4,081
3,213
70.6

2,430
6,014
5,769
9, 096
5,084
4,715
3,153
73.0

2,430
6,108
5,901
9,165
5,146
4,832
3,189
73.3

13, 476
4,474
10,030

13, 627
4,392
10,059

13, 685
4,388
10, 575

14, 027
4,434
10, 683

14,175
4,449
10, 723

14,087
4, 476
10, 900

14, 822
4, 556
10, 993

15,003
4,497
10,859

6,639

6,715

7,192

7,237

7,227

7,280

7, 324

7,211

529

555
2,789
7,705

583
2, 800
7.646

601
2,845
7,561

660
2,836
7,598

702
2,918
7,609

709
2,960
7, 696

452
979
3,017
3,257

436
977
3,081
3,152

439
971
3,024
3,127

440
965
2,995
3,198

436
966
2,974
3,233

3,112
3,234

Vs

%
1.00

1.00

26, 750
12, 286
14, 465

827

11

2,862
7,807

456
986
3,051
3,314

Vs

7

H

1.00

1.00

1.00

H-i

H-i

X-i

1.50
5.00
2.00

H-i
5,128

1.50
5.00
2.00

X-i
5,119

1,198,578 1,203, 548

1.00

X-i

1.50
5.00
2.00

1.50
5.00
2.00

X-i
5,154

X-i
5,142

X

1.50
5.00
2.00

X-i I
5,147

1,207,428 1, 200,767 1, 205, 429
508, 312 490, 653

559, 918 550, 608 539,547

805
2.29

58

5
6

3S7
963

704
2,944
7,612
359
960
3,054
3,239

l(

X

1.50
5.00
2.00

X-i
5,185

' /4
1. 50
4.33
2. CO

1.50
4.25
2. 00

H-l
5, 158

1,202,657 "1.200.425
477,111 °451,563

1,: 04,542
398,625

Commercial failures:
1,091
1,184
976
923
963
1,033
929
1,005
961
1,115
1,027
790
Total
number..
100
89
99
95
95
116
64
78
92
117
Agents and brokers
number..
103
223
235
225
269
279
237
214
229
260
243
Manufacturers, total
number..
258
223
6
4
4
4
10
6
5
10
7
9
6
Chemicals, drugs, and paints-number..
3
19
17
21
23
25
32
27
22
15
28
16
21
Foodstuffs and tobacco
number..
9
14
11
9
7
5
9
11
9
11
7
Leather and manufactures.__number._
10
41
37
32
28
32
32
35
32
24
30
33
28
Lumber
number..
25
26
26
37
41
32
25
28
27
28
Metals and machinery
number..
19
26
9
14
15
17
16
10
9
12
12
10
Printing and engraving
number..
9
17
5
12
11
5
11
8
7
11
Stone, clay, and glass
number_.
7
9
8
19
29
43
32
40
37
40
30
Textiles..*
-.
number. _
30
24
27
82
76
88
84
80
93
81
112
96
93
97
Miscellaneous
number..
• Revised.
t Revised series. Certain classes of loans included in figures shown through May 1934 have been reclassified and removed from the agricultural loan category.
• New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues. Additional series on agricultural loans were first included
in the June 1934 issue for banks for Cooperatives, including Central Bank and Productive Credit Associations, for October 1933-April 1934, and Emergency Crop Loans
and Regional Agricultural Credit Corporations for April 1933-April 1934. Data for Emergency Crop Loans for fiscal years from June 1922-June 1931, and monthly periods
for January 1932-March 1933, and Regional Credit Corporations for October 1932-March 1933 will be shown in a subsequent issue. New series on "Brokers' Loans"
not available for periods not shown. For brokers' loans by reporting New York City member banks, see November 1934 and previous issues. Earlier data for Federal
Reserve member banks shown on p. 18 of the January 1934 issue except as noted below. These data cover 90 cities and supersede the previous data for 101 cities. They
are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which discontinued reporting. See special
notes below on Foreign Reserve member bank loans and investments. For new series on interest rates of Federal land banks see p. 20 of the April 1935 issue.
• These b series represent a break-down of the investment total. Monthly data previous to October 1934 not available.
• Data on acceptances and commercial paper, on real estate and other loans represent a break-down of the "All other" loans total which has previously been shown.
If added, they give a total comparable to figures formerly presented.
§ Figures subsequent to December 1933 represent gold certificates on hand and due from Treasury, plus redemption fund.




33

SURVEY OF CURRENT BUSINESS

August 1935
Monthly statistics through December 1931,
ogeth e r with explanatory footnDt es and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935

June

1934
June

July

August !

ber

1935
October |

ber

i- December

January!

ary

May

I March

FINANCE—Continued
FAILURES—Continued
Commercial failures—Continued.
Total—Continued.
Traders, total
numberBooks and paper
number.
Chemicals, drugs, and paints
number.
Clothing
number.
Food and tobacco-.
numberGeneral stores
.numberHousehold furnishings
numberMiscellaneous
_'
numberLiabilities, total
thous. of doL
Agents and brokers
thous. of doL
Manufacturers, total
thous. of doL
Chemicals, drugs, paints
thous. of dol.
Foodstuffs and tobacco--thous. of doL
Leather and manufactures
thous. of doL
Lumber
thous. of dol.
Metals and machinery.-thous. ofdol.
Printing and engraving.-thous. of dol.
Stone, clay, and glass
thous. of doL
Tcxtiles
thous. of dol.
Miscellaneous--.
_-thous. of dol.
Traders, total. —
thous. of dol.
Books and paper
thous. of doL
Chemicals, drugs, paints
thous. of dol.
Clothing
thous. of doi.
Foods and tobacco
thous. of doL
General stores
thous. of dol.
Household furnishings_--thous. of doL
Miscellaneous...
thous. of dol.

657

659
14

65
102
281
18
86
96
20, 463
8,789
4,827

57
91
298
22
64
113
23, 868
3, 968
9,581

91

252
344

716
3

597
1

638
6

826
13

660
8

654
10

777
12

692
13

41
66
230
31
64
71
16,440
1,735
7, 467

68
107
335
22
65
116
19, 968
4,477
5,927

62
106
270
12
52
94
18,350
4,988
6,396

55
129
274
26
60
88
19,911
4, 503
7,578

76
164
320
18
118
117
18,824
5,375
5,319

53
128
296
24
70
81
18, 738
4,722
6,383

56
86
293
26
87
96
18, 523
5,006
6,842

47
110
345
33
103
127
18, 084
2,673
5,601

80
85
330
25
71
88
15, 670
2,171
6,205

22
192

291
178

38
263

20
237

36
271

157
209

164
97

62
135

382
160

162
383

579

597
12

71
251
20
68
93
19, 326
4,416
6, 786

69
65
275
19
65
92
18,460
3,401
7,489

309
146

187
668
752
13
634
576
1,657
6,847
123

468
1,412
1,703
412
432
1,361
3,197
10, 319
152

138
975
766
778
192
717
2,765
8,124
135

220
1,291
1,543
175
146
998
2,902
7, 569
225

365
1,892
1,737
85
365
673
1,881
7,238
177

73
1, 554
333
139
312
418
2, 697
9,564
57

94
1,018
342
183
316
481
3,705
6,966
5

73
1, 652
991
281
138
350
3,786
7,830
51

59
836
818
135
132
550
2,423
8,130
124

315
1,291
1,054
180
265
784
2, 233
7,633
61

235
1,678
1,761
83
269
670
1,949
6,675
63

234
1, 474
287
363
302
527
1,872
9,790
117

141
844
827
205
123
488
3,032
7,294
243

823
588
2,288
235
1,317
1,423

467
1,357
3,957
317
802
3,267

870
790
3,222
123
839
2,145

714
587
3, 505
145
943
1,449

436
504
3, 362
320
988
1,451

568
994
4,087
532
1,054
2,272

634
1, 027
2,567
155
1,117
1,461

478
1,719
2,942
311
678
1,651

421
580
1,431
1,044
2, 573 ? 3,028
158 - 327
1,789
645
1,475 Ii 2,107

525
622
2,730
551
744
1,440

398
761
4,924
329
1,376
1,885

719
556
3,438
165
914
1,259

17, 556
5, 335
1,101
4,234

17, 659
5.272
1,076
4,196

17, 725
5,201
1,047
4,154

17, 798
5,141
1,023
4,118

17,891
5,077
1,001
4,076

17, 982
4,997
971
4,026

18,040
4,917
950
3,967

18,247
4,819
917
3,902

18,302
4, 765
898
3,867

18, 382
4,717
883
3,834

18, 479
4,668
868
3,800

7,010
2,116
1,732
2,592
570

7,133
2,203
1,740
2,606
584

7,200
2,236
1,750
2,617
597

7, 392
2,407
1, 754
2,619
612

7,517
2, 503
1,758
2,626
630

7, 603
2,577
1,784
2,630
612

7,834
2,804
1,791
2,629
610

8,016
7,948
2,878
2,959
1
1,805
1,812
2,630 3 2, 635
635
610

8,097
3,013
1,829
2,637
618

8,201
3,087
1,850
2,643
621

8,327
3,163
1,881
2,639
644

2,898

2,868

2,861

2,854

2,846

2,841

2,834

LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalf
mills, of dol.
Mortgage loans..
_
mills, of dolFarm
mills, of dol.
Other
mills, of doL
Bonds and stocks held (book value):
ii
mills, of doL
Government
mills, of doL
Public utility
mills, of dol.
Railroad
mills, of dol.
Other A
mills, of dol.
Policy loans and premium notes
mills, of dol.
Insurance written:!
Policies and certificates
thousandsGroup
thousandsIndustrial..thousandsOrdinary
thousandsValue, total
thous. of doL
Group
thous. of doL
Industrial
thous. of doL
Ordinary
thous. of doL
Premium collections!
Annuities
Group
Industrial
Ordinary

18,176
4,877
932
3,945

2,893

2,889

1,132
1,042
1,053
51
26
28
769
805
766
256
276
250
697, 471 762, 490 694, 259
39, 537 I 57,812
46, 795
205, 951 1 211,473 202, 256
451, 983 1 493, 205 445, 208

1,073
25
793
255
699,879
39, 628
212, 380
447,871

16
654
211
551, 556
21, 087
170,935
359, 534

1,104
25
821
258
694, 718
36, 206
216, 439
442, 073

1,061
21
784
256
676, 757
28,137
205, 463
443,157

1,260
54
922
284
838, 576
71, 394
239,873
527, 309

1,051
24
744
282
824,903
27, 348
196, 255
601, 300

1,054
14
790
250
721, 391
20, 388
209, 017
491,986

1,185
23
892
269
768, 491
30, 611
235, 261
502, 619

1,151
32
854
265
733, 870
37, 495
228,188
468,187

1,103
38
804
261
732,188
50, 231
215, 323
466, 634

\ 246, 414 252, 572
29, 266
33, 246
7,813
8,885
54, 523
54, 072
154,812 156, 369

234, 662
33, 501
8,350
49, 111
143, 700

211,892
22, 760
7,870
50, 772
130, 490

245, 252
27,165
8,344
55, 301
154, 442

236, 514
36, 771
7,845
48, 392
143, 506

367, 481
73, 579
9,753
104, 056
180, 093

302,195
71, 797
9,864
52, 549
167,985

244, 330
27, 352
8,785
53, 512
154, 681

252, 456
26, 605
10,114
54, 257
161, 480

252, 982
29, 231
8,580
54,625
160,546

255, 226
33, 800
8,966
48, 658
163, 802

484
208
47
59
170

400
162
40
52
146

495
213
49
58
175

476
206
46
57
167

590
251
59
71
209
135

645
305
55
70
215

534
231
53
61
189

545
233
54
64
194

540
226
54
66
194

500
203
52
62
183

.330
.235
.082
1.021
.103
4.94
.066
.405
.371
.086
.287
.681
.137
.255
.806

.333
.233
.082
1.025
.104
4.99
.066
.402
.375
.085
.291
.676
.137
.257
.802

.330
.234
.082
1.013
.102
4.95
.066
.402
.372
.085
.288
.676
.137
.255
.802

.326
.233
.082
1.002
.051
4.89
.066
.401
.369
.085
.285
.675
.136
.252
.800

.325
.233
.081
.999
.051
4.87
.066
.401
.368
.085
.284
.676
.137
.251
.801

.318
.228
.082
.991
.051
4.78
.066
.404
.360
.083
.280
. 680
.137
.246
.805

.322
.169
.083
.995
.051
4.84
.066
.403
.364
.083
.284
.675
.137
.139
.802

.326
.169
.083
.999
.051
4.89
.066
.402
.369
.082
.287
.076
.172
.231
.801

--thous. of dol.
thous. of doL
thous. of doL
thous. of doL
__thous. of dol_

(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total
mills, of doL
Eastern district
mills, of doL
Far Western district
mills, of doL
Southern district
mills, of doL
Western district
mills, of dol.
Lapse rates
1925-26=100-

556
233
58
66
199
118

498
213
48
60
177

2.880

MONETARY STATISTICS
Foreign exchange rates:#
Argentina •
dol. per paper peso...
Belgium
dol. per belga__
Brazil
doi. per milreis—
Canada
dol. per Canadian dol._
Chile
dol. per peso.England
dol. per £._
France
dol. per f r a n c .
Germany
dol. per reichsmark—
India
dol. per rupee.Italy
dol. per lira__
Japan
dol. per yen._
Netherlands
dol. per florin.Spain
dol. per peseta..
Sweden
dol. per krona..
Uruguay
dol. per p e s o . .

.329
.169
.083
.999
.051
4.93
.066
.404
.372
.083
.290
.679
.137
.254
.804

.337
.234
.085
1.008
.102
5.05
.066
.383
.379
.086
.299
.678
.137
.260
.803

.336
.234
.084
1.012
.103
5.04
.066
.385
.379
. 086
.298
.678
.133
.260
.801

.338
.237
.085
1.024
.103
5.07
.067
.395
.381
.087
.300
.684
. 138
.261
.810

.333
.237
.083
1.029
.103
4.99
.067
.403
.376
.087
. 298
. 686
. J38
. 258
.812

f Revised series. For earlier data see pp. 18,19, and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections.
# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
• Quotation based on paper peso since Dec. 10.1933, instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.
A The figures for "other" bonds and stocks held (book value) for the months of January and February 1934 shown as 611 and 616 million dollars, respectively, in the
monthly issues from May 1934 to April 1935 should read 514 for January and 518 for February.




34

SURVEY OF CURRENT BUSINESS

August 1935

1934

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

July

June

1935

Septem- October Novem- Decem- January Februber
ber
ary
ber

August

March

April j May

FINANCE—Continued
MONETARY STATISTICS—Continued
Gold and money:
Gold:
Monetary stocks,r IJ. S
mills, of doL.
Movoi I ut, i' re' n
Net r*p .>> froiac urn ,L. t'viu 1 of dol
E\p).t> .
. t n > l - of dui
lmnort,
- I i< u*> ( ( 1
X

£ /'
1 f i p )V* i ,
]f w
i f i o u<
- p A
t

II OIJJ1)1'S it m i n t
J
Monejf iu u r uluL J,

Silver

li

]

i iiH

\ i '

r

joi i

7,971

7,971

7,989

8,047

8,191

8,284

8,465

8,552

S.C41 i

2,419
22, 255
3, 585

260
2,173
13,010

-85
310
121,19')

61
140
92, 249

1,131
363
119, 755

236
46
122, 817

-661
540
13. 543

-2.3C1 !

111
52, 460

-1,055
14, 556
51, 781

150, 523
8lH». 875
b\ 590
5, 411

123,
821,
79,
5,

01

36,170 - 1 6 , 2 5 1
881, 861 857, 442
93, 212 144, 313
5,355
5,427

?2 931
8/0, 'JH
1 1 1 , « ]•>

niiN of

lo)

Z,
1

1. 42 i
1.741
21. 926 I 2.!, Mil
. 490
15. 032
15, 4b 1
511
1, '67*
6 i) ")
P, (J'J-

7

t"5

'rou icr m, *• (>i .
f" i^d
', '21

Un-rol "* '

11, 097
885, 627 ! 87is, s i "
153, 887 I 96, 'M,Z
5,473
.\ *.Jl
1.102
1 1 4'-.")

n

5,0(58 !
2,257

/

2,739

i Oil

1,218
10, (-85

1 , •<!>

2 i 1'

2, 7-2

V>i

1 -Hi
2, 74 ,

1, 269
3, 452

12, 342
882,30.'
S6
117,7S
5, 47
3, 128
20, S42
590

146.:'()"
fef>.,.0X

97. V- \

I

1, 614
3,144

51 [

l.\ 5Sl
1, 039
6, > J :

1.1.

4, 419 i
2, 593

007
246
564
439

1,661
16, 351
.546
° 16, ] 67
905
6, 640
3, 411

i . 6'^ <

I
ot

i7o;
i

6i, (:

2,

I uitM H J Cc.mii.. - .

] is

r ^-

• ti »i of 0o\
i1'] > on'io«
7

7, 893

9, 025

t(

'

111,

- '

5,1 "

NET €o:n*oiii ;:»is' PSIOIITS
Profits, t o t a l j - - Industrial and

mills, of u o l . J
mercantile, t o t a l
'

mills, of dol.-!
Autos, parts and accessories
j""
mills, of doL .I
Foods
mills, of doL.i "
Metals and mining
mills, of d o L . j "
Machinery
mills, of dol._ i""
Oil.
..*
mills, of d o l . . I "
Steel and railroad equip
mills, of doL_j~~
Miscellaneous
*
._
mills, of dol..- r "
Public utilities t
mills, of doL_;~~
Railroads, class I (net railway operating |""
income)
mills*, of d ol |
Telephones (net op. income).mills, of d o L - j "
PUBLIC FINANCE (FEDERAL)

|

v 3G-1.1
P

P58.9 j

: 15.3
46. 2
24.8
8.4
5.4
5.8
v 14. 8
39. 9
p 55.1
113. 6
v 50.1

I

1

d

20.2
24. 0
0. 4
3.8
9.5
lfi. 4
39.9
46.6

^3.0 |
vii.g
;
J»8.

9.4
4.6
1.9
»56.4 ;

H9.3 :_...

115.9 !
j

4 |

8.6 I
10.5 ! . . . .
P35. J !
d

:

84.8 i

I
I

j

Debt, gross, end of month
mills, of cloL_ 28, 701
27,080 | 27.. 190 ! 27,188 j 27,299 ! 28,479 j 28,476 I 28,526
28,817
28,668 j
28,633
27, 053
27,189
Expenditures, total (inci. emergency) d
i
l
l
930,747
thous. of doL. i 496, 042 749, 347 478, 859 523, 078 462,034 ! 771,530 656, 589 663, 7i 481, 343 528,998 576, 224 815,151 o 283,651
266,173
Receipts, total*!
thous. of dol —
411, 337 232, 712 297, 256 515, 383 302, 287 292, 219 439, OSS 233, 486 237, 248 645, 605 267. 822
Customs
thous. of doL. I 28,177
30, 339
24, 960 32, 303 31,453
28, 376 32, 428 26, 351
20, 837
19, 331 22, 952 36,174 30.509
205, 677
Internal revenue, total
thous. of dol — 427, 900 362, 243 195, 592 229, 548 379, 738 209, 697 189,119 333, 785 194, 366 181, 621 557, 304 194,083
24, 835
33, 310 321, 908 24, 385
22, 528 163, 057 22, 321
Income tax
thous. of doL_ 251, 889 186,161
21, 709 22, 924 171,177 j 19,189
Reconstruction Finance Corporation loans
I
outstanding, end of month: |§
:
Grand total
thous. of doL 12,747,490 1,872,254 2,707,282 2,685,401 12,668,746 j 2,649,695 12,664,115 2,682,007 2,657,867 2,652,039 2,641,167 2,640,329 2, 664,911
Total section 5 as amended_thous. of dol.. '1,137,162 ,425,579 1,330,662 1,291,855 11,277,641 1,275,322 j 1,285,262 11,295,746 11,251,311 1,217,112 1,183,651 1,167,476 ll,165, 674
Bank and trust companies, including
503, 000
receivers
thous. of dol. | 480,404 590,169 578, 050 591,560 I 584,037 579, 817 595, 070 626, 390 591, 649 564, 515 538, 431 522,471
9,808
13, 428 12, 281 11,303
15, 477
10, 385
'19, 951
22, 558
Building and loan assoc.thous. of dol.._
27, 697 24, 604
36, 220 30, 593
39, 872
21,184 i 20, 060
22, 526 22,035
23,953
24, 745
29, 250
32, 524 31, 363
Insurance companies
thous. of dol__ 19,231
30, 532 29, 852
34, 563
Mortgage loan companies
146,426
thous. of dol_. 145, 551 191,531 184,174 161,312 160, 057 158, 762 155, 628 159,736 155, 839 154, 957 151, 796 149,128
413.438
Railroads, incl. receivers-thous. of dol__ 411, 344 353, 637 354, 742 343, 482 343, 595 353, 491 361, 830 370, 894 379, 464 379, 702 380,199 386,617
84, 929
88,030
81, 984 78, 909 76,773 ; 72, 365
All other under section 5,thous. of dol.. 67, 824 215,807 144, 952 133,185 131, 723 128, 796 120, 926
Total emergency relief and construction
act as amended
thous. of dol__ 614,744 611,485 571, 234 532, 465 504, 035 473, 910 465, 591 473,037 478, 385 481, 064 490, 230 402,604 ! 512, 694
137,321
93,004
96, 033 107,159 111,062 112, 063 116,891 122,536 125, 203 127, 604 132, 683
Self-liquidating projects.thous. of dol__ 146, 457
134,269 j
Financing of exports of agricultural sur14, 926
14, 953
15,176
15,176
15,164
14, 992
15, 216
14, 954
13, 947 15,185
pluses
thous. of dol_. 14, 532
14,875
14,963 !
Financing of agricultural commodities,
62, 757
40, 288
35, 935
37, 552
40, 578 44,883
and livestock
thous. of dol._ 156, 066 205, 992 161, 478 111,907 i 80,011 j 48, 626
55,661 !
Amounts made available for relief and
work relief
thous. of dol__ 297, 689 298, 542 298, 537 298,524 298,009 | 298, 006 297, 774 297, 774 297, 718 297, 718 297, 711 297,711 ! 297, 690
Total bank conservation act as amended
thous. of dol_. 905, 262 814, 679 781, 409 803,333 ! 827,374 837, 742 849, 432 863, 984 873, 979 895, 904 902, 846 900,541 j 902, 358
84,185
54,192
49, 240
57, 959 64, 440
63, 830
90, 328
20, 511 23, 977 57,748 i 59,696 i 62, 721
Other loans and authorizations
78,708 j
d
A Or exports (—).
° Revised.
* Preliminary.
Deficit.
• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series for the period January 1928-August 1934 presented
in the SURVEY covered the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931,82.0; 1932, 75.5;
and 1933, 77.5.
<? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
for the period May 1932 to March 1933 are on p. 33 of the June 1934 issue. Later data are shown in monthly numbers.
» The item of $333,245,378 carried by the Treasury as a credit under the trust funds for May represents a transfer of that amount from the general fund to the trust funds.
Amount represents deposits of governmental agencies for which Treasury has been acting as fiscal agent. The amount therefore has not been included in the May total of
receipts and expenditures.
1 For 1934 includes $2,808,221,138 for February, $2,233,252 for March, $409,052 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843
for September, $173,702 for October, $116,585 for November, $132,296 for December. For 1935 includes $123,639 for January, $68,241 for February, $157,326 for March, $89,144
for April, $96,103 for May, and $105,773 for June, representing the increment resulting from reduction in weight of gold dollar.
* For earlier data on net gold imports see p. 20 of the December 1932 issue.
§ This excludes relief grants to States by the R. F. C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator. Durinc 1934 these amounted to $499,650,000 on Jan. 31, Feb. 28, Mar. 31, and Apr. 30, $500,000,000 disbursed for relief purposes under Emergency Appropriation Act
of 1935, and $10,000,000 purchase of stock in R. F. C. Mortgage Co. and $12,500,000 for preferred stock subscription in export-import banks.
t Revised series. See p. 19 of the July 1934 issue, corporation profits. The data of the Reconstruction Finance Corporation has been revised to include the statistics
of certain loaning agencies of the Corporation not included heretofore and for revisions made in recent audits. Revised data for February 1932-June 1935, inclusive, are
shown on p. 20 of this issue.




35

SURVEY OF CURRENT BUSINESS

August 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and refer- |
ences to the sources of the data, may be found I J u n e
in the 1932 Annual Supplement to the Survey |

1934
July

June

1935

Septern- October Novem- Decem- January! Februber
ary
ber

August

April

March

May

FINANCE—Continued
CAPITAL ISSUES

\

Total, all issues (Commercial and Financial \
Chronicle)
thous. of dol-.| 511,
Domestic, total
thous. of dol_. 511,
Foreign, total
thous. of d o h j
Corporate, total
thous. of doL.i 129,
Industrial
thous. of doL_| 28,
Investment trusts
thous. of doL.i
Land, buildings, etc
thous. of doLJ
Long-term issues
thous. of doL.i
\.n irt'i enls rmd l.i V ] s
tl cus ( f dil__
7
1
(Mhce PJL\0 oo!

0

0

0

0

0

0

0

0
43, 500
100,000
0

0
6, 315
1, 204
0

0
13, 187
1, 200
I 500

0
20,000
2, 000
0

0
28 000
1, 200
0

0
1, 360
23, 072
290

0
2, 963

i0
.7

135,000
92,583

164,111 i
26,680 !

13, 000
39, 050

83, 000
43,184

10, 000
91, 868

18, 300
120, 568

36, 200
90, 926

US, 5sS
'118 "SS
'> 120

216, 645
210, 645
20,279

179,548 !
179,548 !
8,019 1

43,375
43, 375
7,187

121. 903
121, 903
390

107, 036
107, 036
8,227

140, 941
140,941
34, 801

153, 111
18,418
0
79,262
10,000

0
36.188
0
25, 872
10, 000

83, 000
S8, 513
0
35, 671
31,000

0
0

'r ' 1

\

t

in

4 000
0 >0

1 IS,
11"

ut- or
P ' l l p A(J ( 1 V-IW
NOW C I) t U, 1 M
1V>
( -,IH ("(it
C o i p i J t<

141 668 186,127 140, 852
131 668 186,127 140, 852
0
10, 000
0
7, 726
29 800
47, 259
4,319
600
4,038
0
18, 500
0
0
0
0
0
0
0

258, 810
208, 810
50,000
18,019
10, 500
0
0
0

{)

Mi«. « ll it >u
.
r iTill lo U U d

69, 246 157 574
69,246 157 574
0
0
17,187
31 390
1, 300
9 390
,
0
0
0
0
0
0

373, 362
373, 362
0
145,779
1.569
310
400
400

'307,194
'307,194
0
33,167
420
0
0

]

1 K l i i c)

Munir i

K (j

ull

11

JMuiit.in totu - _
KLCorporro
T\ne o( sccuiil , ill i ii'
Bonds <mi' P /K-, > t i
Corpoi i J .__ __ _.
Stocks
__ Hoi..-,
Stito ami mumup ^ (llonn B iv<r)
1 e r n ment (long term).. ...tuous
'leiiipor >\ (snoitteniH
thou

of

ui _

OI

11, ">;0 ' 105,000
'?<,'i')S 1 91,366
1) '

l ^ V «6
<A i 7

0

156,717
125, 500

i UOL
o' doL

of doL

2 7, , 7 i ! 371, 783
2.J 7,7
125,500
9, U)
1, 579

of oL.
(fdoi_.

17(,74O ! 122,575
62, 6 i'J S 60,418

I
!
i
!
!

258.810 I 64,197
18,019
17,187
0
2,300

10,000 j
0
88,809 I 108,080
0
0
34, 632
45,185
21,573
12, 39S

157,184 I 141,668 f 184,800
31, 390
29, 800
47, 259
390
0
1,327

444

!
95, 818 288,495 503,148
95, 818 288, 495 503,148
0
0
0
29, 791 120,165 155,878
7, 791 44, 750 21,200 I
0!
0
0
568 j
0
0
568 I
0
0

470,850
470, 850
0
126,760
86, 700
0
325
325

0I

0

0
0
0
11,000
58,470 ! 84.339
8,000
16,9*5 j 27,400
3,000 i
0
22,372 I

0
19, 500
20, 235
0

0

0

12, 500
53, 527

20, 000 195,500
207, 394
148,330 151,770 j 76,606

50, 011
50, 011
6, 500

108,079
89,850 I 86,395
108,079 j 89,850
SC), 395
7,945 21,988 j 45,193
j

ooo I

0
0
830 ! 43,511 | 100,134

o !

oj

o

755 ; 45,807 1 180,416
459
23,291 j 112,220
138,848 1 95,818 j 288,495
5,722 29,791 | 120,105
2,004
0
0
"83,003 I 56.113
119,686 i 50, 946

146,517
64,480

91. 29
93. 35
80.94

83. 91
80.06 |

83.07

i

3, 500 j
0
Gi, 3G2 ! 41, 202
0
0!
413,299 ! 384,455
113,891 ! 81, 567
498, 454
155, 879
4, 695

464,650
120, 560
G, 200

!
84,680 i

34,427

89.49
91. 79
77.80

90. 69
92. 95
79. 50

90. 62
92. bl

86.02 i 83.16

79. 00

78. 37

83. 75

81.20

80.47

48, 635
19, 652

39, 667
98, 583

69, 748
14,079

89, 879
23,160

114,183
42, 023

88.99
91.13

88.27
90. 05
79. 89

89.39
91.23
80. 61

89.85
91.68
80. 97

92.57
81.58

91.30
93.35
81.06

82.05
77.13

SECURITY MARKETS
Bonds
Prices:
9.1.62
All listed bonds (N. Y. S. E.)
dollars .
90. 80
93. 94
Domestic issues
dollars.
93.16
Foreign issues
dollars..
80.17
80.15
Domestic {Dow-Jones) (40)
percent of par 4% bond.
81. 08
83.89
Industrials (10)
percent of par 4% bond.
33.35
76.57
Public utilities (10)
percent of par 4% bond.
89. 87
91. 26
Rails, high grade (10)
percent ot par 4% bond.
115.07
103. 47
Rails, second grade (10)
percent of par 4% bond.
57. 10
71.45
Domestic! (Stand. Stat.) (60)
dollars.
99.0
U. S. Government (Stand. Slat.)*..dollars.
105. 90
Foreign (N. Y. Trust) (40) .percent of par. ""65." 92"
66.04
Sales on New York Stock Exchange:
Total
thous. of dol. par value_. 263, 350 260, 507
Liberty-Treas.-thous. of dol. par value.. 42,175
64, 643
Value, issues listed on N. Y. S. E.:
Par, all issues
„
mills, of dol_. 43, 511
43, 554
Domestic issues
mills, of dol.
36,172
35, 663
7,339
Foreign issues
mills, of dol.
7,890
Market value, all issues
mills, of dol.
39, 864
39, 547
Domestic issues
mills, of dol.. 33, 980
33, 223
5,884
Foreign issues
mills, of dol_.
6,324
Yields:
Domestic (Standard Statistics) (60) f
4.26
4.47
percent _
4.63
5.19
Industrials (15)
percent3.25
3.73
Municipals (15) f
percent4. 34
4.51
Public utilities (15)
percent4.82
4.45
Railroads (15)
percentDomestic, municipals (Bond Buyer) (20)
percent- -!
3.31
4.01
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills*A
percent..
182-day bills* A
percent.07
XT. S. Treasury bonds*
percent-2.94

89.79
92.00
79. 59
84.12
77.55
92.59
104. 68
69. 92
99.3
106. 47
65.10

78. 97
81.66
76.83
93.48
102.19

78.97

81.25 |

!

i

74.31 i

75.40 |

90.33

92.76

99.70 ! 103.25 j

62.13 i 64.52
98.4
96.7
104. G9
103.47
65.60
65. 94

263, 750
69, 290

64. 59
97.8
105. 42
64.39
317,140
151, 220

43, 964
36,113
7,851
39, 473
33, 225
6,249

44, 337
36, 515
7,822
39, 454
33, 277
6,177

4.45
5.10
3.75
4.47
4.47

4.55
5.12
3.81
4.57
4.68

4.63
5.22
3.84
4.64
4.82

4.05

4.15

285, 009 278; 238
128, 605 98, 503

95.39
104.68

63.49
G8.8
104. 85
67.17

86.18 I
107.47
64. 61
100.0
105. 53
66.83

98.45

89. 26

89.91

89.07

110.25

112.52

111.42

112.58

65. 64
62. 22
101. 3
101. 3
106.50 107.11
70.10 ! 68.96

54. 88
99.9
107.18
65.07

54.04
100.0
107. 30
66. 07

250, 094 272, 869 330,546 I 220,256 310, 655 265,990
56, 359 52, 667 94, 716 48, 239 113,211
60, 483

79. 84
79. 60
82. 97
90. 09
113. 57
54. 66
101.2
107. 40
65. 61
284,155
61,840

44,144
36, 612
7, 533
39, 665
33, 566
6,099

44, 816
37, 307
7, 508
40, 660
34, 535
6,125

44, 979
37, 478
7, 501
41, 064
34, 984

45, 033
37, 564
7, 469
41,112
35, 067
6,045

45,101
37, 676
7,425
40, 361
34, 584
5, 776

44, 267
36, 856
7,411
40,147
34, 256
5,891

4.51
5.09
3.69
4.56
4.68

4.48
4.99
3.57
4.53
4.82

4.40
4.88
3.52
4.47
4.70

4.32
4.75
3.45
4.44
4.63

4.32
4.75
3.39
4.41
4.72

4.41
4.76
3.27
4.44
5.15

4.34
4.77
3.25
4.41
5.18

4.32
4.65
3.27
4.36
5.00

4.21

3.94

3.89

3.81

3.61

3.55

3.37

3.39

3.46

.27
3.20

.21

.22
3.05

.15
2.97

.14
2.83

231, 750

43, 903
36,185
7,717
38, 751
32, 586
6,165

44, 083
36, 461
7,622
39, 406
33, 262
6,144

""."12T
2.73 i

.10
2. C9

43, 720
36, 322
7,397
39,618
33,712

2.61

Cash Dividend and Interest Payments
and Rates
Dividend payments (N. Y. Times)
thous. of doL . 219, 253
Industrial and miscellaneous
thous. of doL.
Railroad

thous. of d o l - . I 25,405

0

217,544

113, 295

245, 625

162, 704

140,477

343,031

182, 794
34,750

107,860
5, 435

230, 336
15,289

158 368
4,336

135,419
5,058

319,129 209, 080
23, 902 22, 670

181,107

212, 606

202, 988

130, 960

323,523

152, 303 196, 048
28,804
16,558

199, 945
3,042

124, 225
6,735

296,470
27,053

Revised.
• Has included since July 1934 other than Farm loan issues for which Treasury has acted as fiscal agent.
t Revised series on domestic bond prices for July 1931-February 1933 appeared on pp. 19 and 33 of the April 1933 issue. For earlier data on yield of domestic and
municipal bonds see pp. 19 and 33, of the April 1933 issue.
* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years).
See special note below on yield on U. S. Treasury bills. See p. 20 of the June 1933 issue, U. S. Government bond prices.
A Monthly data on yields from 91-day bill, for period December 1929 to May 1934 are shown on p. 20 of January 1935 issue. Data on yields from 182-day~bills not
available prior to February 1934.




36

SURVEY OF CURRENT BUSINESS

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

1935
June

August 1935

1934
June

July

August

1935

Septem-

DecemOctober November

Januaryj

F

f^'

March

April

1,181.6
918. 42

1,184.4
918. 42

1.29
3.28
1.09
1.91
1.86
1.24

1.29
3.28
1.10
1.91
1.86
1.24

May

FINANCE—Continued
SECURITY MARKETS-Continued
Cash Dividend and Interest P a y m e n t s
a n d Rates—Continued
Dividend payments and rates (Moody's):
Dividend payments, annual payments at
current rate (600 companies)
mills, of doL.
Number of shares, adjusted
millions-.
Dividend rate per share, weighted average
(600)
!
dollars..
Banks (21)
dollarsIndustrial (492)
dollars..
Insurance (21)
dollars..
Public utilities (30)
dollars..
Railroads (36)
dollars..
Stocks
Prices:
Dow-Jones:
Industrials (30)
dol. p e r s h a r e . .
Public utilities (20)
dol. per share..
Railroads (20)
dol. p e r s h a r e . .
New York Times (50)
dol. per share..
Industrials (25)
dol. per share..
Railroads (25)
dol. per share..
Standard Statistics (421)
1926=100..
Industrials (351)
1926=100..
Public utilities (37)
1926=100..
Railroads (33)
1926=100..
Standard statistics:
Banks, N . Y. (20)
1926 = 100..
Fire insurance (20)
1926 = 100..
Sales, N. Y. S. E
thous. of shares..
Values, and shares listed, N. Y. S: E.:
Market value all listed shares.mills. of doL.
Number of shares listed
millions..
Yields:
Common, Standard Statistics (90)
percent..
Industrials (50)
percent..
Public utilities (20)
percent..
Railroads (20)
percent..
Preferred, Standard Statistics:
Industrials, high grade (20)
percent..
Stockholders (Common Stock)
American Tel. & Tel. Co., t o t a l . _ . n u m b e r . .
Foreign
number..
Pennsylvania Railroad Co., total..number..
Foreign
number..
U. S. Steel Corporation, total
number.
Foreign
number.
Shares held by brokers
percent of total..

1,186. 9
918. 42

1, 105.1
929. 04

1,113.4
918. 05

1.29
3. 19
1.10
2.17
1.84
1.24

1.19
3.60
.95
1.70
1.97
1.09

1.21
3.77
.96
1.71
1.97
1.20

116.9
21.4
32.5
95.83
166. 03
25.63
76.0
88.0
70.4
32.7

96.7
23.8
44.3
85.71
135. 70
35.73
73.5
81.4
71.9
44.1

49.8
83.2
22, 340
36, 227
1,304

1,184. 4

1,131.1
918. 08

1,137.1
918. 08

1.163. 9
918. 08

1.23
3.77
.98
1.71
1.98
1.20

1.23
3.77
.98
1.71
1.98
1.20

1.24
3.77
.99
1.71
1.98
1.20

1.27
3.77
1. 03
1.71
1. 98
1.21

1.27
3.73
1.06
1.78
1.90
1.21

1.28
3.68
1.07
1.91
1.87
1.24

94.5
22.2
40.7
83.00
133. 87
32.12
71.4
79.7
69.2
41.2

91.6
20.5
35.4
79.16
130. 46
27.86
67.8
76.7
64.6
35.6

90.5
19.8
35.1
78.76
129. 95
27.56
67.0
75.7
63.7
35.1

93.5
19.8
35.7
81.71
135. 32
28.11
67.3
76.4
62.9
35.6

99.3
18.8
35.8
85.14
141.62
28.67
69.4
80.1
60.7
35.3

101.6
18.0
36.5
85.07
141. 46
28.68
69.2
80.3
58.2
35.8

103.1
17.5
35.5
85.82
144. 21
27.43
69.7
81.4
57.4
34.6

103.0
16.5
32.4
84.64
144 23
25.06
67.8
80.0
54.5
31.8

99.8
15.6
28.5
80.74
139. 48
22.01
63.9
75.4
53.2
27.8

106.0
17.9
30.1
85.68
147. 56
23.81
67.5
78.9
59.1
29.4

5S.7
66.7
16, 802

57.8
66.8
21,116

53.4
65. 1
16, 693

48.1
65.0
12, 636

48.7
67.3
15,660

51.6
72.4
20, 868

49.1
73.2
23, 588

51.5
73.7
19,410

53.4
74.2
14, 404

47.5
72.3
15,948

75.2
75.2
22,408

34, 440
1,295

30, 752
1,294

32, 618
1,310

32, 320
1,313

31,613
1, 305

1,305

33,934
1,305

32,991
1,305

32,180
1,303

30,936
1,304

33, 548
1,302

3.55
3.29
5.44
2.49

3.67
3.38
5.73
2.69

4.00
3.60
6.30
3.71

4.21
3.83
6.53
3.76

4.22
3.83
6.71
3.70

4.14
3.70
7.14
3.72

4.25
3.76
7.84
3.68

4.24
3.74
8.02
3.79

4.24
3.74
8.07
4.13

4.51
4.01
8.12
4.70

4.35
3.96
6.70
4.50

5.22

5.73

5.67

5.71

5.79

5.79

5.64

5.48

5.42

5.38

5.33

5.30

671, 324
7,847
231, 970
3,145
190, 375
4,021
19.55

675, 426
7, 686
233, 826
3,165
190, 745
3,785
19.73

0)
0)
0)
0)

1.128. 9

1,168. 7
918. 08

1,177. 5
918. 08

1.29
3.68
1.08
1.91
1.87
1.24

674, 739
7,826
232, 998
3,156
191,446
4,0^3
19.44

675,410
'43
233, 707
3, 151
192,214
3,802
19.03

675,755
7.S77
232, 634
3,152
191, 224
4,062
19.34

I

FOREIGN TRADE
INDEXES
Value:
Exports, unadjusted
1923-25 =100..
Exports, adjusted for seasonal
1923-25 = 100..
Imports, unadjusted
1923-25 = 100..
Imports, adjusted for seasonal
1923-25 = 100..
Quantity, exports:
Total agricultural products..1910-14 = 100..
Total, excluding cotton
1910-14 = 100..

45

45

43

45

50
42

48
39

44

43

39

59
48

46
46

161,787

171,965

49

43

49

49

185, 001

164, 350

46
54

170, 574

43

49
37

45

50

39

47

206, 352

194, 901

46

51

VALUE §
Exports, incl. reexports
thous.
By grand divisions and countries:
Africa
thous.
Asia and Oceania
thous.
Japan
thous.
Europe
thous.
France
thous.
Germany
thous.
Italy
thous.
United Kingdom
thous.
North America, northern.thous.
Canada
thous.
North America, southern, thous.
Mexico
thous.
South America
thous.
Argentina
thous.
Brazil
Brazil..
_
_ thous.
Chile
thous.

of dol.. 170,193
of dol._
of dol__
of d o l . .
of cloL.
of d o L .
of dol__j
of doL.j
of d o l . .
of dol__
of d o l . .
of dol...
of dol_.
of dol._
doL.!
of doL.j
of dol..!j
dol
doL.i
of d o L J

7, 064
38, 393
16,310
67,618
S, 140
8, 230
4,276
24, 862
28,515
27, 987
15, 064
4. f»f)f»
13,919
3, 504
3,504
3, 343
3,343!
1,048
1,048!

8, 502
35, 935
12,812
61,814
6, 379
7, 703
4, 275
24,380
27, 281
26,761
14, 656
4, 702
13,597
3, 692
3,692
3,216
3,216
814
814 1

6, 659
38, 132
13, S57
68, 728
6, 476
6, 803
4,951
30, 694
27, 852
27, 257
14, 073
4, 765
16, 522
4, 437
4,437
3, 965
3,965
1,329
1,329

191, 660
7,996
40, 119
19,977
86,912
10, 334
7, 443
5,093
40,119
25, 370
24, 850
15, 976
4.614
15,318
3,712 j
3,712
3, 979
3,979 !
1,181 I
1,181 i

5, 757
46, 883
26, 994
95, 100
10,512
6, 275
6,226
47, 036
27, 420
26, 875
17,418
5,910
13, 774
4,135
4,135
2, 961
2,961
1.045
1,045 i

170, 676

7,290
41, 837
22,846
88, 541
9, 131
5, 063
8,445
40,536
26, 655
26, 038
15, 485
4, 506
15,092 !
3,780
3,780
4, 359
4,359
1,645
1,645!

6,663
44,294
23, 309
69, 346
9, 935
4, 646
4,821
28, 486
21, 379
21,009
15, 842
4, 407
13,152
2,946
2,<
3,225
3,:
1,271
1, J

176, 223

163, 006

5,376
7,149
39, 969
37, 403
19,901
15,974
78, 550
66, 482
7,544
7,326
4, 735
6, 075
6,233
6,870
37, 968
25, 766
23,151
23, 664
22, 815
23,317
15,674
14, 353
5, 035
4, 370
13, 503
13,955
3,504 j
3.765
3,551 |
3,534
1,110 i
1,316

8,135
38, 593
14,744
76,013
7,334
6,113 i
6,947 I
29,444

26, 532
26, 005
18,706
5,963
17, 021
4,623
4,125
1,316

8,006
34,100
13,719
63. 388
8,614
4,819
4,156
20, 550
28, 9.57
28, 582
15, 747
5, 370
14,150
3, 864
4,024
1,088

i Temporarily discontinued by the reporting source.
>
f
§Data revised for 1932. See p. 34 of the March 1933 i<sue. Other revisions for the year 1932 were shown on p. 34 o the April, M a y , December 1933, and January 1934
issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.




37

SURVEY OF CURRENT BUSINESS

August 1935
1935

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

June

1935

1934
June

July

August

Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

May

FOREIGN TRADE—Continued
VALUE—Continued
Exports, inch reexports—Continued.
By economic classes:
Exports, domestic
thous. of doL.
Crude materials
—thqus. of doL.
Raw cotton
mills, of dol_.
Foodstuffs, total
thous. of doL.
Foodstuffs, crude
thous. of dol_.
Foodstuffs, mfgd
thous. of dol_.
Fruits and prep
.mills, of dol._
Meats and fats
mills, of doL.
Wheat and Hour
mills, of doL.
Manufactures, semithous. of dol._
Manufactures, finished._thous. of doL_
Autos and parts
mills, of dol._
Gasoline
mills, of doL.
Machinery
..mills, of dol__
Imports, totalc?
thous. of dol._
Imports for consumption*...thous. of doL.
By grand divisions and countries J j 1
Africa
thous. of doL.
Asia and Oceania
thous. of doL.
Japan
thous. of doL.
Europe
thous. of doL.
France
thous. of doL.
Germany
thous. of doL.
Italy
thous. of dol_.
United Kingdom
.thous. of dol._
North America, northern, thous. of doL_
Canada
_
.thous. of dol__
North America, southern-thous. of dol._
Mexico
thous. of doL.
South America
_.thous. of dol_.
Argentina
thous. of dol__
Brazil
thous. of dol_.
Chile
thous. of dol._
By economic classes:^
Crude materials
thous. of doL.
Foodstuffs, crude
thous. of dol__
Foodstuffs, manufactured-thous. of doL.
Manufactures, semithous. of doL.
Manufactures, finished
thous. of doL.

167, 226
40,600
23.4
15, 467
4,014
11, 453
5.6
3.3
1.1
28, 914
82, 246
20.1
6.4
20.6
156,756
155,314

169,832 189, 237
39, 662 66, 437
17.8
32.2
22, 071 20,059
5,287
4,060
16, 784 15,999
7.7
7.1
5.8
5.4
3.0
2.0
29,408 29, 729

159,242
37,199
20.3
17,058
3,685
13,372
2.9

2,806
49,146
9,279
35, 823
4,189
5,168
2,474
7,881
18, 468
17, 856
13,039
3, 466
16, 800
1,683
5,635
1,325
43,733
23,078
26, 342
31,715
30, 446

167,957
47,003
28.9
14,923
3,023
11,900
4.0
5.7
1.1
27, 923
78,108
20.0
4.0
18.6
136, 082
135,048

2, 335
38,335
8 599
37] 899
3,534
5,354
2,651
9,703
19, 360
18, 697
9,285
2,441
16]908
2,010
6,583
1,448

2,260
34, 368
8,805
35, 788
4,198
5,515
2,771
7,649
19,260
18, 759
10, 651
2,962
14, 961
1,159
6,671
1,038

42, 578
17, 283
21, 977
26, 849
26, 361

39,086
17, 239
11, 860
27, 464
28, 474

34, 237
17,748
13,100
22,973
29,230

5.7

1.6
28,834
76,152
18.4
3.5
18.9
127, 342
124,123

168, 467 173,560
54, 520 55,814
35.0
32.2
15, 669 16,253
3,621
4,086
12, 048 12,167
5.4
5.3
4.1
4.7
1.2
1.4
30, 309 -27,196
67, 970 74, 297
17.2
12.4
3.4
4.3
19.1
18.2
132, 252 167, 006
126,231 168,623

203, 622
82,879
43.4
21, 873
5, 342
16,531
9.0
4.9
1.7
28, 818
70, 053
12.4
4.2
18.7
129, 629
137,859

192, 321
71, 744
39.2
18, 458
4, 589
13,869
5.4
5.6
1.7
30, 412
71.707
11.0
4.1
20.6
150, 919
149,412

1,960
37, 290
11,913
41,980
4,358
5,854
3,130
10, 433
21,078
20, 648
29,016
2,509
18, 432
2,006
8,648
972

2,620
36, 839
10, 242
40, 566
4,560
5,719
3,402
8,215
22,497
21, 661
15,314
2,165
20, 023
2,222
10, 219
1,940

2,488
42, 709
11, 818
47,862
6,165
5, 675
4,113
10, 377
21,974
21, 602
13,280
2,279
21,100
2,302
9,508
1,912

1,961
26,535
7,032
37,023
5,167
5, 056
2,905
7,743
24, 432
23, 685
19, 441
3,484
16,839
3,706
6,305
1,685

38,612
23, 023
34,319
24,249
29,552

35, 090
22, 726
24,068
26,103
29, 872

40,117
23, 440
24,326
27, 447
34,082

28, 839
18, 597
29,190
21,018
28, 587

73,012

15.3
14.0
4.1
3.8
20.2
18.8
119,515 131,659
117, 288 149, 755

160,709
38, 222
21.8
12, 875
3,201
9, 674
4.0
3.2
1.2
26, 205
83,406 j
22.0 I
3.1 i
22.8
170, 567
166, 152

159, 789
36, 920
19.4
15, 404
3, 715
11, 689
4.7
4.3
1.4
26, 430
81,035
18.6
4.5
22.2
170,559
166, 791

5,921
54, 221
12, 428
46,498
4,643
6,340
2,866
11, 621
21,311
20, 880
20,968
4,449
26, 508
6,675
8,610
2,904

3,771
50, 256
11,276
46, 418
5,875
6, 451
3, 560
11,513
22, 677
22, 357
20,152
3,420
22,879
4,853
7,549
3,388

2,363
46,360
11,668
47, 725
3,914
5,747
2,533
12, 883
27, 394
26, 984
19, 485
3,516
23, 465
5,413
7,818
2,712

45, 209
30,118
21, 609
29, 029
26,322

50, 378
33, 605
25, 662
35,237
30, 526

45, 900
27, 514
28, 588
30, 729
33, 422

44, 361
26, 337
28,661
33, 577
33, 855

160,312
44,995
27.1
16, 270
3,897
12, 373
6.2
4.4
1.2
25, 483
73, 565
20.5
2.8
18.8
152, 537
152, 288

181,969
40, 450
21.8
16, 215
3,681
12, 534
5.4
4.1
1.4
30, 827
94, 477
25.0
5.0
23.7
177,279
175, 408

3,016
60, 515
10,196
46, 614
4,644
7,024
2,764
10,970
19, 555
19, 248
18, 864
4,023
20,059
2,980
8,181
1,909

4,746
50,922
12,251
40, 606
4,054
5,918
2,674
11,065
18,342
18,194
14,242
3,869
23,429
4,419
9,194
2,324

43,133
27,693
38,118
29,550
30,129

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue..
thous. of doL.
Operating income
thous. of dol._
Electric Street Railways
Fares, average (320 cities)
Passengers carriedf. Operating revenuesf

cents..
8.120
thousands— 693,542
thous. of doL.

6,961
149

6,826
136

7,079
118

8.143
705, 536
51,995

8.143
646,538
48,127

8.143
660, 714
49, 205

7,497
146

8,051
142

7,274
140

7,204
138

7,513
138

6,079
142

8.143
8.126
8.126
8.126
662, 252 745,910 709, 627 761, 702
55, 736
49,014
54, 467 51,551

8.120
758,052
55, 302

8.120
704, 736
51, 275

8.120
771,846
56,104

8.120
747, 350
54, 733

7,421
139

7, 521
141

8.120
748, 630
54, 634

Steam Railroads
Freight carloading (F. R. B.):
Index, unadjusted
1923-25 =100
63
64
63
63
67
62
61
56
58
60
59
61
60
Coal
1923-25=100—
72
53
68
77
81
76
82
70
58
55
57
49
50
Coke
1923-25=100..
45
46
52
70
54
69
44
38
35
56
46
37
31
34
36
26
Forest products
1923-25=100 .
35
35
28
29
31
34
30
31
56
76
55
57
57
57
54
60
Grain and products
1923-25= 100. _
57
84
78
95
65
30
103
34
37
51
44
64
Livestock
j
1923-25 = 100..
38
38
83
46
70
95
64
67
65
63
62
61
65
65
Merchandise, 1. c. 1
1923-25 = 100—
65
66
65
64
65
83
63
10
8
8
7
14
Ore
1923-25=100..
25
71
42
87
83
73
67
69
67
55
63
Miscellaneous
1923-25 = 100..
69
67
64
62
65
70
71
58
63
59
65
64
59
Index, adjusted
1923-25=100 .
61
61
65
57
64
64
61
59
83
63
82
71
64
Coal
1923-25 = 100—
75
60
63
67
63
58
73
66
54
45
52
51
43
Coke
1923-25=100..
49
50
62
45
62
56
43
39
35
30
33
32
30
33
Forest products
1923-25=100..
35
30
33
31
33
30
29
64
63
67
58
56
Grain and products
1923-25 = 100..
59
58
74
68
56
90
79
70
35
87
39
51
55
Livestock
1923-25= 100..
39
62
41
41
42
54
84
107
64
64
64
66
64
63
65
63
Merchandise, I. c. 1
1923-25=100
63
65
65
65
65
46
39
40
34
20
34
30
Ore
1923-25=100..
31
49
47
48
46
43
64
58
70
71
64
73
60
64
72
Miscella neons
1923-25=100..
67
68
62
59
Total carsf_ —
thousands..
2,303
2,327
2,592
3, 035
3,142
2,326
2,170
2,353
3,015
2,531
« 3, 085
2,346
2,420
Coal
thousands—
621
581
574
494
615
683
379
394
551
* 506
373
383
484
23
Coke
thousands..
23
30
26
35
30
22
34
17
33
31
18
22
110
Forest products
thousands..
102
100
85
92
131
100
75
90
126
123
83
89
102
174
111
Grain and products
thousands _
108
122
135
125
127
174
160
102
171
96
171
90
Livestock
thousands52
52
114
82
51
58
50
89
124
58
77
797
640
Merchandise, 1. c. 1
thousands
653
644
639
804
609
721
768
789
638
577
613
122
26
69
Ore
thousands102
35
159
13
18
11
16
166
125
116
1, 163
885
978
Miscellaneous
thousands
915
961
844
912
773
1, 148
1,157
° 1,215
875
892
318
381
328
305
Freight-car surplus, total
thousands. .
310
392
272
359
300
342
320
338
348
195
224
207
Box.
_
_
_.
thousands..
189
183
175
192
175
209
228
200
207
201
109
85
Coal
thousands—
67
68
88
111
50
78
84
111
119
94
Equipment, mfrs. (See Trans. Equip.)
a
Revised.
<$ Data revised for 1933. See p. 20 of the October 1934 issue.
# Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See
explanation on p. 9 oi the March 1934 issue.
t Revised series. Data for January 1929-May 1935, inclusive, on electric railway passengers carried and operating rev enues for January 1932-April 1935, inclusive, are
shown on p. 19 of this issue.
f Data for June, September, and December 1934, March and June 1935, are for 5 weeks; other months 4 weeks.
* New series. Data prior to April 1933 on value of imports for consumption will be shown in a subsequent issue.




38

SURVEY OF CURRENT BUSINESS

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

1934

1935

June

August 1935

June

July

August

1935

January February

Septem- October Novem- December
ber
ber

March

April

May

TRANSPORTATION AND COMMUNICATIONS—Continued

i

TRANSPORTATION—Continued
S t e a m Railroads—Continued
Financial operations (class I railways):
Operating revenues!
_thous. of doL.
Freightf
_ . . t h o u s . of doL.
Passengerf
thous. of doL.
Operating expenses!
thous. of doL.
N e t railway operating incomef
thous. of doL.
Operating results (class I roads):
Freight carried 1 mile
mills, of tons-.
Receipts per ton-mile
cents..
Passengers carried 1 mile
millions..
Canals:
W a t e r w a y Traffic
Cape Cod
thous. of short t o n s . .
N e w York S t a t e . . . - . t h o - . s . of short t o n s P a n a m a , totalf
thous. of long t o n s . .
TJ. S. vessels
thous. of long tons..
St. Lawrence
- . . t h o u s . of short t o n s . .
Sault Ste. Marie
thous. of short t o n s . .
Suez
thous. of metric t o n s . .
Welland.
thous. of short t o n s . .
Rivers:
Allegheny
thous. of short tons_.
Mississippi (Government barges)
thous. of short t o n s . .
Monongahela
thous. of short t o n s . .
Ohio (Pittsburgh to Wheeling)
thous. of short, tons..
Ocean traffic:
Clearances, vessels in foreign tradef
thous. of net tons..
Foreignf
thous. of net tons..
United S t a t e s !
thous. of net tons..
Shipbuilding. (See T r a n s . Equip.)
Travel
Airplane travel:
Express carried*
pounds..
Miles
flown*
thous. of miles..
Passengers carried*
.number..
Passenger-miles flown* thous. of miles..
Hotel business:
Average sale per occupied r o o m . . . d o l l a r s . .
Rooms occupied
percent of total..
Foreign travel:
Arrivals, U . S. citizens
number..
Departures, U. S. citizens.
.number..
Emigrants
number..
Immigrants
_
number..
Passports issued
numher.
National parks:
Visitors
numberAutomobiles
numberPullman Co.:
Passengers carried_ _
thousandsRevenues, total
thous. of dol.

282,779
225,709
31,555
208, 313

275,984
221, 291
32,187
208,484

282,679
224,837
32, 801
211, 706

41,836

35, 221

39, 677

41,020

48,625

25, 212
.994
1,612

24, 257
1.011
1,778

25,402
. 985
1.854

25,885
.943
1,695

26, 497
.980
1,543

1,072

243
557
1,7G7
835
901
7,901
2,151
1,236

206
519
1,934
770
977
7,522
2,194
1,334

223
627
2,188
976
886
6,990
2,403
1,273

214
465
2,143
1.045
924
6,145
2,303
1,171

273

280

282

261

222

227

882
7,058

130
1, 561

101
1,683

881

918

5,958
3,852
2,10G

5,996
3,818
2,177

275,511
220,492
30, 607
203,800

292,903 I 256,967 257, 506
238, 792 208,547 199, 356
28, 572
24, 846
32,016
212, 573 197, 872 195,351

264,213
211,008
30, 448
212,972

254,940
206, 024
27, 264
200,103

280,899
228, 603
27, 737
213, 278

274,652
221, 968
27,181
209, 328

279, 549
224. 330
27,114
209,19C

31, 583

38, 738

21,349

25,720

37,851

34, 626

39, 505

23, 708
.931
1,279

23,105 j 24,964
.946
.942
1,635 1,491

24,140
.944
1,341

27,586
.929
1,370

23,320 i 24,662

272
726
2,173
1,029
1.036
5,006
2,707
1,331

264
559
2,339
1,015
884
2,627
2, 424
1, 253

204
254
0
0!
1,945
2,089
825
885
39
0
,
0
299 !
2.513
2,414
142
0

213

181

120
1,088

113
944

100
963

100
Q77

76 i
1,049

599

569

584

597

632

6,023
3,859
2,165

6,541
4,260
2,282

5.855
3,666
2,188

170, 275
3, 655
43, 292
17,897

163,342
4,118
48,172
18,153

198,902
4,189
54, 835
21, 358

208, 327
3,660
44, 728
18,875

221,905
4,019
48, 477
20,838

206,327
3,660
44, 728
18,875

2. S6
58

2.86
54

2.84

2.9S
54

2.91
57

2.96
61

3.03
58

19,519
19, 342
2, 412
2,817
24, 879

18,213
18, 984
3, 033
2, 975
24, 279

24, 065
26, 642
3, 515
2,777
12, 294

49, 341
48, 696
4. 004
3,785
7, 591

43,927
37, 533
4, 710
3, 585
5, 599

24,976
20, 825
2, 630
3,586
5,059

15, 091
18, 542
4, 354
3,386 |
5,046 j

12,388
13,942
3,853
2, 559
4,959

317,182
84,363

2S7, 721
78, 928

570, 295
145, 887

531, 734
153,074

385,147
54, 624

74, 709
16, 830

1,403
3,928

1, 354
3,892

1, 265
3,790

79,290
51, 558
20, 644
57, 347
14, 150

78, 076
51, 836
19,211
55. 720
14,060

1,303
3, 978

COMMUNICATIONS
Telephones (59 carriers):*
Operating revenues
thous. of d o l .
Station revenues
thous. of d o l .
Tolls, message
thous. of dol.
Operating expenses
thous. of d o l .
Net operating income
thous. of dol.
Telephones in service, end of mo.
thousands.
Telegraphs and cables:
Operating revenues
thous. of dol.
Commercial telegraph tolls-.thous. of dol.
Operating expenses
thous. of dol.
Operating income
thous. of d o l .

109
1,030

1,280 j
3,710 I

5,691 | 5,296
3,666
3,402
2,025
1,893

4,288 I 4,170
2,735
2.818
1,435
1, 471

217,852 i 177,553
3,365 3,231
33,563 i 28,922
15,595 ! 13,405

155

191

246

108
1,784

154
1,142

« 152
1,383

4,643
3,109
1,534

5,188
3.435
1,753

5.703
3, 699
2,004

369
126
198
751

231, 237
4,194
61, 499
26, 747

258, 924
4,744
64, 967
27,073

717

711

4,327
2,819
1,508 !

230
554
2,292
938
919
5,985
2,101
1,122

213
329
2,079
811
157
888
2,461
484

i
125 |

88 j
78
1,429 ! 1,545

1,386

236
0
2,210
961
0
0
2,383
0

164
0
1, 836
708
0
0
2,090
0

113

147

1.041 I

171
3
34
16,

818
349
998
232

238
4
55
24

2.85
64

2.95
62

2.83
60

2.91
62

I 14, 443
I 17, 016
2,424
| 2. 943
I 5,658

15,474
17, 628
2,226
1,948
5,139

20,470
16, 665
2,460
2, 401
8, 453

23,374
16, 536
2,249
2, 516
12, 674

19, 400
19. 033
2, 697
2, 951
22, 854

38,729 |
7,375 !
i
1,131 |
3,310 !

37,404 I 54,720 ! 63,257
0,767
9,599
7.658 ! 0 7 6 7 ! 9 9 9

73, 961
7, 545

90, 914
15,908

100, 593
28,17G

1,371 j
3,794 !

1,398
4,231

1,219
4, 004

1.193
3, G75

1,146
3, 660

81, 638
54, 374
20, 20S
58, 052
10, 209

79, 583
53, 604
18. 9S9
57, 050
15,119

80,411
53, 212
19, 927
58,714
14, 980 i

81,475
54. 636
19, 793
57,823
15, 377

82 127
54! 483
20.5G0
57. 499
16,214

83, 406
54,90S

14,112 - 14,132 ! 14,162 ! 14,201 j 14,250

2.92 I
54 j

1,204 j
3,702;

I
« 64, 627 78, 576
•
*> 37, 050 51, 579
19, 908
19,803
»40,103
57, 525
& 16, 909 13, 263
14, 016

13,981

13,990

14, 058

14, 093

9,477
7, 372
8,154
910

8,750
6,718
7,961
3S1

9,324
7, 22G
8,024
895

8,686
6, 657
7, 664
620

9,130
6, 934
7.906
822

8 443 i
C 477
7 639
405

• 77. 834 ! 81, 207
>
^52,798 j 54, 086
17,930 ! 20, 061
b 55. 420 |57, 292
>14. 214 ! 15, 793

59,059
16, 052

14,303

9,411 I
7,362 I
8,095 j
1,091 !

8,754 ! 8,212 I 9, 153
6.768
6,340 I 7, 052
7,808
7,372 i 7,810
Q-,9
454 !

9,377
7, 3G6
7. 790
1, 195

9,809
7. G34
7, 964
1,450

4,482
4,611
1,363

7,445
7,454
1,317

5, 238
5,554
1,694

5,773
5,864
1,750

CHEMICALS AND ALLIED PRODUCTS
Alcohol:
CHEMICALS
Denatured:
Consumption (disposed of)
thous. of wine
Production
thous. of wine
Stocks, end of month.thous of wine
Ethyl:
Production._
__-thous. of proof
Stocks, warehoused, end of month
thous. of proof
Withdrawn for denaturing
thous. of proof
Tax paid*
thous. of proof
a

i

gal.
gal.
gal.

5,536
5,585
1,793

5,589
5,540
1,527

6,448
6,731
1,801

6, 943
1,978

10, 048
9,841
1,763

19, 582
19,194
1,380

10, 542
10. 316
1,149

8,874
8,780
1,063

5,897
6,047
1,236

gal.

14, 624

12, 998

13, 702

13, 823

15, 636

21, 332

19, 550

17, 065

12, 290

9,767

12,844

14, 235

15, 791

gal.

24, 468

27,971

28,967

29, 788

27, 094

14, 449

15, 566

15, 216

15, 630

16, 957

15, 230

18,092

22, 213

gal.
gal.

9,374
1,642

9,248
1,176

11, 359
1,052

11, 684
1,121

16, 456
1,075

32, 682
1,266

17, 272
1,573

14,855
2,096

9,757
1,453

7,382
1,019

12, 711
1,588

I

9,172 I
1,510 !

9, S97
1,591

Revised.
* Returns reflect adjustments covering estimated refunds.
t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For
revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue.
1 Data revised from August 1914 excluding vessels under 300 tons. Revisions prior to February 1934 will appear in a subsequent issue.
* New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1928 to 1933 and passenger-miles
flown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue. For
alcohol^ withdrawn tax paid, see p. 20 of the April 1935 issue. New series on telephones as compiled by Federal Communications Commission. Data supersede those published in previous issues of the Survey which covered all carriers having annual operating revenues in excess of $250,000; present series covers only those companies with
operating revenues in excess of $250,000 which have interstate lines. In December 1933 operating revenues of these companies were 97.7 percent of. the total . . the companies
opei "
""
"
. . , . . . of ,
previously reporting.




39

SURVEY OF CUEEENT BUSINESS

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

1934

1935
June

June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

May

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Alcohol—Continued.
Methanol:
66,077
Exports, refined
.gallons52, 612
Price, refined, wholesale. N. Y.
.38
.38
dol. per gal.
Production:
Crude (wood distilled) *tA——gallons- 341,093 298,165
Synthetic
gallons- 1,198,186 922, 551
Explosives:
22,193
Orders, new*
.-thous. of lb_
24, 812
Sulphur and sulphuric acid:
Sulphur, production (quarterly)®
long tons.
289,089
Sulphuric acid (104 plants):
Consumed in prod, of fertilizer
short tons.
75, 690 80, 214
Price, wholesale, 66°, at works
15. 50
dol. per short ton_
15.50
92, 894
Production
short tons.
99,176
Purchases:
16, 830
3, 441
From fertilizer mfrs
short tons.
20,8G2 26, 577
From others
short tons.
Shipments:
25,381
10, 242
To fertilizer mfrs
short tons.
34, 382 25, 783
To others
short tons.
FERTILIZER
Consumption, Southern States 1
66
° 50
thous. of short tons.
63,402 105, 285
Exports, totalf...
long tons.
5, 244
Nitrogenousf
long tons.
5,064
50, 637 96, 262
Pho?phate materials!
long tons.
179
Prepared fertilizers
long tons.
164
69, 783 66, 707
Imports, totalf#
long tons.
37,137
Nitrogenousf
long tons.
44,164
16, 918 10, 564
Nitrate of sodaf-long tons.
5,608
Phosphatcsf
long tons.
1,910
23,436
Potashf
long tons.
13, 355
Price, nitrate of soda, 95 percent, N. Y.
1. 350
1.275
dol. per cwt.
Super phosphate, bulk:
Production
short tons. 167,095 153, 236
21, 463
34,973
Shipments to consumers
short tons.
Stocks, end of month
short tons. 870,270 839,680

28,348

77, 732

.38

41,941

48, 945

38, 211

23, 222

44, 525

.38

.38

.38

.38

73, 365

30, 471

33, 621
.38

256,136 253,612 260, 402 297, 759 309, 739 319,190 315, 983 300,008 351, 468 386,006
403, 271
939, 439 951,834 1,079,910 1,309,086 1
1,789,970 1,301,841 1,303,171 1,126,799 1,303,230 1,167,282 (1,203,143
25, 489
22,659
23,384
26,063
16,892 25,108 22, 635 29,147 26, 019 18,544 | 23,202
.I 314,199

293,025

85, 915 137, 357 143, 282 152, 268

83,079

77, 404

15. 50
88, 049
7,411
25,951

15.50
15. 50
97, 478 116,120
21,136
13,048
12, 560
17,060

14, 596
21, 991

28,111
29, 587

! 255,396

162,658 I 133,319

104,041 I 93,873

87,944

15. 50
15. 50
141, 352 139, 333

15.50
111,102

15. 50
154,359

34, 545
27,824

26, 269
21, 647

IS, 769
18,636

11, 760
13, 397

11,610
13,186

39,693
35,186

30,615
38, 716

41,990
42,319

33, 855
40, 293

18,473
29, 714

1,413
316 I
684
101
126
704
26
97
48
83, 382 126,110 109, 982 135, 588 118, 437 127, 081 68, 928 92,846 84,296 93, 456
6,707
6,241
29, 591 27,121
21,093
10, 746
4,577
5, 551
13,615
16,553
56,946
93, 509 107,313
78, 276 66, 562 82, 946
75, 600 108, 475 7G, 987 104,143
196
153
174
265
258
273
350
98
312
405
69, 285 48, 442 69,176 81, 560 82,121
91,807 155, 348 141, 787 159,071 176,640
107, 341 111,642
63, 245 89,477
43,576
31, 579 38, 728 42,085
18, 535 24,666
931
7,195
44,494 55, 957 83,415
10,976
1, 212
17, 085 27,811
150
3,177
3,126
3,141
2,001
3,169
1, 495
1, 786
2,411
4, 486
1, 541
38,963 44, 422 35, 276 44,015 84, 235 46, 213 42, 669 56, 045
19,265
25,845

237
157, 462
21,116
126, 226
245
192,887
101,850
75,872
4, 309
76, 743

1. 350

1. 350

31,056
23, 594

1. 275

152, 566 188,007
9, 711 21,831 108,752
871,093 875, 320 880,238
147,084

38,554 ! 37,037
98,558 i 105,286

15.50
15.50
149, 968 159, 781

1

15.50
15. 50
172, 052 169,301

NAVAL STORES
Pine oil:
Production
gallons--! 330,889 266, 020 261,410 282,242
Rosin, gum:
4. 64
5.46
5.31
5. 31
Prico, v\ liolcsale " B ",, N. Y . _dol. p bM..
per
,
(
b.
K
t 3p
/
h U (500 1b.)-.
^, net,, 3 p / s . . _ . h U . (500 1b) ) - . 110,998 102, 417 116,019 109, 234
; ;
171,805 200, 649 218, 256
Stocks. 3 ports, end of m o n t h .b b l . (.5J0 ll«.)--l 272,312
3
t
d f
t h b b l 5J0
)

tosin, wood:
!
Pro'UK'Hor,
bbl. (500 lb )_.! 47,293
S'ook-. (ii-l of ni.)iith
bbl. IOOG \D.).J
91,477
li
.50
I'ricc, ^Mjlesaic, N . Y
dol. p.*r gnl-_i
T/PC'MJ t s hoi, 3 p»rts
bbl. (50gai.)--l 32,128
^ o c \ - , ' ) p o r t s 0'ia of m o n t h . b b l . (50r.ral )-. 103,831
T'lr,)!-]!'. if, wood:
!
!'r > .'K't'u'i
bbl. (."Oral.).. 1 6,787
3,278
irtuck-", CLil (.f month
_.b>'l <J\) _;".].)._'

44,937

.38

38,164
27, 249
39,797
34, 938

1. 275

39, 330 36, 734
22, 796 28,813
41,520 > 47, 367
28,615
28, 537

1.275

1.275

1.275

1.275

1. 275

1. 275

1.275

276, 444 307,653 332,140 342, 210 282,810 »24fl, 286 203, 152 »168, 384
63, 486 24, 965 23, 358 34, 553 63, 856 *189,133 169, 152 ° 79, 704
957, 279 1,078,044 1,159,392 1,189,505 1,160,817 :964,940 814,804 *831,536

312, 375

300, 544

303, 686

317,912

330,830

5.30
89,289
244,968

5.42
92, 482
260, 040

5.25
101, 682
272,027

5.25
122,173
321,660

5.20
5.16
27, 406
19, 525
272,474 | 217.489

38, 537
105, 887

43,095
108, 933

39, 785
109, 812

41, 884
108, 244

44, 489 43, 252
41,016
105, 339 110,806 111,659

360, 252 337, 646 370, 222

378, 395

4.99
4.67
23, 397 69, 290
250,113 250, 213

4.65
97, 354
258, 255

43,294
108, 956

46, 028
95, 283

47,867
95, 829

.51
27,614
47,692

.48
31,148
55,171

.46
32, 473
65, 510

. 4f>
26, 856

71, 77S

.52
25, 161
86, 020

.53
22.91)9
94,189

22, 834
106, 971

.54
4, 300
94, 781

2,235
4,761
18.410
86,957 j 88,164
87,971

.52
24, 366
85, 846

6, nos

5, 547
19, 016

5, 904
19,078

6,798
19,817

6, 288
18,504 |

6, 548
18, 752

6,290
16, 819

7,075
16,116

6,138
13,418

6, 316
10, 526

7,004
4, 588

19,515

.02

7. 049
7,122

OILS, FATS, AND BYPHODUCTS i
Animal fats and byproducts (quarterly):
i
Animal fats:t
\
234, 919
228,945
217,136
190, 774
Consumption, factory
thous. of lb-.J352,519
465,719
498,603
Production
thous. of lb--j 380,419
382, 938
418,631
444, 620
Stocks, end of quarter
thous. of lb-_lQelatin, edible:
j
5,047
i 052
,
1.570 |
5.279
3,585
Production
thous. of lb-.i
S, 629
! 520 8,908
,
6,550 |
7,817
Stocks, end of quarter
thous. of lb-_i
|
Greases:"}"
!
60,992 i
49, 246
04, 722
Consumption, factory
thous. of lb_.j81,954 !
89, 257
90. 175
Prodaction
thous. of lb._ | 69, 600
73,856
75, 652
Stocks, end of quarter
thous. of ib.JLard compounds and substitutes:!
I
.. 352,965
.I
218,114
338, 859
Production--__.thous. of lb-.|. | 24, 964
27, 584
25,133
Stocks, end of quarter
thous. of lb IFish oils (quarterly) :t
! 33,595
46, 358
43,104
Consumption, factory
thous. of lb-.
! 68,374
98,116
9,136
Production
thous. of lb_.
71,872
189,492
161,411
Stocks, end of quarter
thous. of lb_.
egetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly) f
802, 381
479, 873
652, 544
thous. of lb_.
522
234
427
372
1,161
1,034
883
331
1,094
Exports
__thous. of lb_.
78, 745
60, 028 34,200
53,935
2
59, 694 68, 665 41, 302 55, 213
Importsf#
thous. of lb_. 1 1
71,191
730, 260
416, 559
361,986
Production (quarterly)f
thous. of lb-.
Stocks, end of quarter:f
554,108 —
525,210
530,959
548,547
Crude
thous. of lb-.
797,171
Refined._
thous. of lb_.
598,460 _
-J
642,272
! 502,427
" Revised.
* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
f Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20
of the September 1934 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue; quarterly data on oils, fats, and byproducts, for the years
1932 A
and 1933 also revised. See p. 19 of the March 1935 issue.
The refined equivalent of crude production is approximately 82 percent.
• Texas only. Louisiana produced 23 percent of United States production in 1933 and 16 percent in 1934.
1 Figures since Jan. 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue.
# See footnote on p. 37 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.




40

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1832 Annual Supplement to the Survey

1935
June

August 1935
1935

1934
August Septem- October Novem- Decem- January
ber
ber
ber

July

June

February

March

April

48, 683
26, 579
25, 688

15, 038

11,990

15,945
25, 293

13, 804
27, 849

343, 591 252, 863 133,357
63, 347 39, 613 20, 426

95, 701
21, 669

May

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con. |
Vegetable oils and products—Continued.
Copra and coconut oils:
Copra:
Consumption, factory (quarterly)
short tons..
Jmports#
short tons..
Stocks, end of quarter
short tons..
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)t
-thous. of lb__
Refined, total (quarterly)t
thous. of lb__
In oleomargarine
thous. of lb__
Imports#
thous. of lb__
Production (quarterly):
Crude
thous. of lb__
Refined
thous. of lb__
Stocks, end of quarter:!
Crude..
thous. of lb_.
Refined
thous. of lb__
Cottonseed and products:
Cottonseed:f
Consumption (crush)
short tons..
Receipts at mills
short tons..
Stocks at mills, end of month
short tons..
Cottonseed cake and meal:
Exportst
short tons..
Production
short tons..
Stocks at mills, end of month
short tons..
Cottonseed oil, crude:f
Production
thous. of lb...
Stocks, end of month
thous. of lb._
Cottonseed oil, refined:
Consumption, factory (quarterly) f
thous. of lb.. 1
In oleomargarine
thous. oflb__
Price, summer yellow, prime, N. Y. 1
dol. per lb..
Production!
thous. of lb._
Stocks, end of month|
thous. of lb__
Flaxseed and products:
Flaxseed:
Imports, United States#_thous. of bu._
Minneapolis and Duluth:
Receipts
thous. of bu__
Shipments
thous. of bu_.
Stocks, end of month..thous. of bu__
Oil mills.-t
Consumption, quarterly
thous. of bu._
Stocks, end of quarter.thous. of bu__
Price, No. 1, Minneapolis.dol. per bu_.
Production, crop estimate
thous. of bu._
Stocks, Argentina, end of month
thous. of bu._
Linseed cake and meal:
Exports
thous. of lb._
Shipments from Minneapolis
thous. of lb_.
Linseed oil:
Consumption, factory (quarterly) f
thous. of lb__
Price, wholesale, N.Y
dol. per lb_.
Production (quarterly) t--thous. oflb-Shipments from Minn
thous. of lb._
Stocks at factory, end of quarter
thous. of lb-.
Lard compound:
Price, tierces, Chicago*
dol. per lb__
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb_.
Price, standard, uncolored, Chicago
dol. per lb__
Production
thous. of lb._

65, 439
6,858

20,599 !
35,386 '

3,735 |

177,236

45, 000
8, 624
16, 772

10,079

!

20, 606

f 113,731 |

j

47, 392
27, 674
15, 210

17, 393

10,415

150, 711

j 124,715
94, 292
13,771
17, 492

110,304
14, 560
25, 045

67,374
10,279
17,990

84,291 !
97,301

11,472
39, 040

72.048 j
4,542 j 6,315 ! 7,7'io
29,047 I 35.742 | 17,210

56,716
63,617

61,238
80, 658

62, 261
96, 256

174.924
37,381

152,747
34, 277

122,142
31, 960

•

174,154
39,880
71,995
24, 309

92, 258
52, 407

126, 840

280, 537

223

366
41,011

91 1,195
45.738
90.633

175,441

124,572 j 96,147

31, 362

99,699 I 195,761
42,923 271,145
222, 761

300,

023

11,300
14,810

442, 281
947, 372

598,613
1,030,607

12,787
20,935

531,067
527, 904

"]~4~42S~ ~~17,~282"
31,609
27,736

415,455 400,855
300, 626 138,700

803,236 ! 1,235,230 1,232,067 1,11V,238

855, 083 574, 739 361,489

I

124
197, 694

196
265, 597

306
245,389

82
189,717

94
127
236
180, 603 157, 998 116,882
340,057

346,876

170,251

257,409

299, 200

320,322

29, 879
45, 794

31,544
34, 400

59, 322
38, 670

133,970
74,034

183,600
97, 752

165, 808
100, 685

128, 872 123, 708 109,046
95, 267 100,563 102, 514

6,425

257, 527
3,718

4,150

6,280

381,728
7, 428

7,322

7, 323

. 101
35. 771
513, 294

.053
54,643
738, 542

. 059
43, 529
655,552

.068
48, 522
543,144

.075
81,050
450,012

.081
155, 437
461, 440

.092
149,593
487, 369

1,738

806

695

959

1,297

319
70
344

298
113
646

162
98
628

681
152
672

1,230
126
1,008

910
234
1,218

1.65

5,016 I
1,421 |
1.91 !

1.90

2.05

4,293
1, 368
1.98

174, 526
24
63, 437

49
45,921

311, 279 264,999

241,908

224, 849
22, 613
35, 628

I
!

743

294
127
1,210

4, 724

3,150

3, 543

2,756

2,362

1,575

34, 328

33,441

32,126

20, 935

30, 869

31, 338

4, 485

5,871

5,292

7,628

6,483

7, 325

.098 !
!
3,735 |

61,218
.099 j
.094
I 85,038
2,774 | 4,163 |

|

78,189
.099
98,026
" ""
3, 603 "

.140
25, 263

.074
13, 870

5,533 I

.091

1,997

1,970

1,160

139
114
1,011

135
54

105
44
878

139
242
603

5,754
2,094
1.81

4,145

.078

.086

15, 847 ! 25, 736
|
.078
.080
13,983 ! 16,363 I .080
22, 026

3,937

5,118

1.85 |

78i9
.105
52, 221
540, 788
1, 360
214
179
397

1.77

7,087

21,558 ! 32,805

23, 524

30, 704

7,714 9,653

7, 952

.092

59, 376
.095
111,823

2,362 j

8,182 I

54, 338
.087
90, 253
3,525 i 2,233
.088

I| 113,722

..
.
109, 367 i

128,413

26, 766

770

252
83
1,108

33, 081
46, 403

• 5, 213

6, 299

.129

1, 823

1.97

53, 605

"a 045'

43,971
60, 669

286, 324
352, 209
9,015
9,854
12,171
11,005
7, 533
.109
.114
.108
.101
.103
129, 487 110, 283 102, 890 95, 707 79, 219
516,717 513, 341 524, 340 553, 531 577, 449

4, 569
1,851

' 14, 499

. 096

83, 529
93,770

3,298

6,324
125,416

.133

.124

.107

4,209

.130

. 127

. 128

28, 980

32,178

33,724

45,351

31,511

38, 243

27, 785

.090 |
.098 .100
26,842 26,517
28, 809

.104
30, 470

.119 .125
33,632 I 41,895

.141
34, 200

.140
37, 419

. 140
30, 338

27,545 j 26,421

PAINTS
/
Paints, varnish, and lacquer products:§
37, 055
27, 333 33, 721
21, 529 21,889
Total sales
thous. of dol..
24, 206 20, 300 16,515
28, 750 23, 451 24,314 22,199
24, 434
Classified
thous. of doL.
15, 382 13, 224 10, 805 14, 687 15, 252 18,418 22, 285
18, 944 15, 910 16, 081 14,177
9, 178
8,689
7,299
8,061
7,140
6,579
5, 814
Industrial
thous. of doL.
7,449
5,226
5,268
5, 208
7,630
13, 117
15, 745
7,953
10, 357
7,547
9,568
8, 461
9,502
5, 579
Trade
thous. of doL.
8,909
8,016
11,314
11,427
12, 621
6,636
8,915
6,842
7,541
8,233
Unclassified (273 estab.)...thous. of doL.
8,824
5,710
8,022
7, 076
9,806
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines
dollars. _
277,547 211,782 235, 325 259,136 274, 366 225, 078 227, 827 284,758 221, 663 299, 610 332, 343 376, 644
35, 563
22, 665 24, 312 33, 675 36, 653
25, 292 27,314 30, 807 27,864
18,188
Plastic paints
_
dollars..
25,782 ; 21,330
64, 215 69, 000 88,114 113, 202 128, 461
71, 299 71,828 78,496
70, 304 52,869
Cold-water paints
dollars..
77,454 I 63,442
/ July 1 estimate.
• Dec. 1 estimate.
* For earlier data on lard-compound price, see p. 18 of the January 1934 issue.
t Revised series; Cottonseed and products. For year ended July 1932, see p. 20 of the February 1933 issue. For year ended July 1934, see p. 38 of thersovember 1934
issue, revisions for each month of 1933 were shown when monthly data for 1934 became available, and for exports of cottonseed cake and meal for the year of 1932,seep. 37
of the June 1933 issue, data revised for 1933; see p 19 of the September 1934 issue; quarterly data on oils, fats, and byproducts for series shown on this page for the years
1932 and 1933 also revised. See p. 19 of the March 1935 issue.
§ Since June 1932, detailed figures are not strictly comparable with prior data owing to transfer of about 29 establishments from the unclassified to classified category.
# See footnote on p. 37 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.




41

SURVEY OF CURRENT BUSINESS

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

1935
June

1935

1934
June

July

August.

October

| Novem-

^be™"

Januar

y

F

|ryU"

March

'

April

M a y

CHEMICALS AND ALLIED PRODUCTS—Continued
CELLULOSE PLASTIC

PRODUCTS

Nitro-cellulose:*
Sheets, rods, and tubes:
Production
Shipments
Cellulose-acetate:*
Sheets, rods, a n d tubes:
Production
Shipments
ROOFING
D r y roofing felt:
Production
Stocks, end of month
Prepared roofing shipments:
Total
Grit roll
Shingles (all types)
Smooth roll

thous. of lb._
thous. of lb_.

1,003
1,002

715
748

965
956

841
872

1,131
1,094

948
1,028

1,089
954

1, 465
1, 263

1,476
1,122

1, 357
1, 211

1,311
1,299

1,292
1,231

thous. of lb__
thous. of lb__

317
293

317
220

375
383

393
415

449
409

304
276

466
448

1, 004
1, 026

922
849

962
1, 054

1,107
1,048

718

short t o n s . .
short t o n s . 1
thous. squares..
thous. squares..
thous. squares..
thous. squares,-!

21, 454
7, 252

12, 232
5, 397

19,467
5,687

15 667
6 411

14,710
6,648

12, 972
6, 672

11,310
8,555

12, 899
6 629
,

11,726
7,484

15 223
7 909

19, 723
6,653

21,831
6,324

1, 677
395
438
846

3 762
790
850
2,123

2 019
557
477
985

2,387
597
655
1,136

1,941
462
483
996

1,373
345
315
713

1, 277
368
247
663

1,118
278
257
583

2 032
464
555
1 012

2,974
606
908
1,460

2, 882
586
991
1,304

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalf
mills, of kw-hr_.
By source:
Fuels t
mills, of kw-hr__
Water power f
mills, of kw-hr__
By type of producer:
Central stations t
mills, of kw-hr__
Street railways,manufacturing plants,etc.
mills', of kw-hr._
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.)
mills, of kw-hr__
Domestic service
mills, of kw-hr__
Commercial—retail
mills, of kw-hr__
Commercial—wholesale-mills, of kw-hr—
Municipal and street lighting
mills, of kw-hr __
Railroads:
Electrified steam
mills, of kw-hr__
Street and interurban_mills. of kw-hr__
Revenues from ultimate consumers (Edison
Elec. Inst.)
thous. of d o L .
GAS
Manufactured gas:*f
Customers, total
.thousands..
Domestic
thousands. _
House heating
thousands..
Industrial and c o m m e r c i a l . . t h o u s a n d s Sales to consumers
millions of cu. ft__
Domestic
millions of cu. ft._
House heating
millions of cu. f t . .
Industrial and commercial
millions of cu. f t . .
Revenue from sales to consumers
thous. of d o L .
Domestic
thous. of d o L .
House heating..
. . t h o u s . of d o L .
Industrial and commercial...-thous. of doL.
N a t u r a l gas:*f
Customers, t o t a l . .
thousands. _
Domestic
thousands. _
Industrial a n d c o m m e r c i a l . - t h o u s a n d s . .
Sales to consumers.
millions of cu. f t . .
Domestic
millions of eu. f t . .
Industrial a n d commercial
millions of cu. f t . .
Revenues, from sales to consumers
thous. of dol._
Domestic
thous. of d o L .
Industrial and commercial.thous. of dol..

a

7,872

7,490

7,617

7,722

7, 207

7,833

7,609

8,058

8,349

7,494

8,011

«7, 817

4,422
3, 450

4,796
2, 695

5,017
2,600

5, 246
2, 476

4, 814
2, 393

5,138
2, 695

4, 664
2, 945

4,875
3,183

5,079
3,270

4,512
2,982

4, 446
3,566

4, 206
3,612

7,416

7,058

7,188

7, 330

6,845

7,426

7,206

7,601

7,881

7,063

7,552

« 7, 366

456

432

429

392

361

407

403

457

468

431

459

451

5,882
973
1, 049
3,273

5,808
956
1,080
3,212

5,982
957
1. 080
3,337

5,774
1,024
1,111
3, 034

5, 988
1,081
1,112
3,142

5,989
1,168
1,157
2,989

6,126
1,224
1,192
2,969

6, 081
1,125
1, 120
3,134

6,225
1, 102
1, 129
3,327

144

150

167

180

194

203

206

222

213

201

186

175

55
338

54
324

54
334

55
323

59
353

56
361

64
418

67
431

62
391

67
384

69
365

66
354

147, 337

146, 529

148, 464

150,196

155, 812 160, 451 163,807

170,101

162, 470 155,884

156, 069

9,933
9.396

9,937
9,403
87
436
25, 325
17,924
420

9,968
9,431
89
438
24, 661
17, 397
368

10,022
9,480
96
437
27, 586
20,163
490

6,764

6,770

7,022

7,154

7,445

8,000

8,071

7,941

8,518

8,214

31,921
24, 210
1,942
5, 638

32,902
24,060
2,939
5,763

34, 424
24,485
3,797
5,995

33,482
23, 576
3,778
5,989

32, 227
23, 224
2,983
5,880

31,957
23, 385
2,464
5,962

32, 423
24, 726

5,647
5,302
343
80, 812
23,135

5,620
5,673
5,638
5,267
5,316
5,284
351
355
351
93, 384 101, 570 100,606
40, 640 39,945
33,016

5,663
5,305
356
93,343
35, 452

5,653
5,303
348
85, 690
29, 132

5,671
5,325
343
79,084
24, 303

92
435

28,558
20, 260
793

10, 027
9,474
106
438
29,231
20, 732
1,295

9,994
9, 432
115
438
30,101
19,128
3,630

9,972
9,404
118
441
32,119
19,137
5,321

6, 469
1,317
1,245
3,135

9,915
9,346
121
439
34,809
20,198
6,391

6,194
1,211
1,164
3,103

9,928
9,362
123
433
33,943
19,652
6,019

9,933
9,371
115
435
32,099
19,343
4,620

9,967
9,397
118
441
32, 089
19, 180
4,206

8,021

a

4, 301
« 3, 720
a

7, 556
465
6,145
1, 060
1, 099
3,346

153,

203

10,036
9,465
121
439
31, 668
19,924
3,359

7,364

6,809

31, 244
25, 077
544
5,521

28,195
22, 649
303
5,141

27, 554
22,102
272
5, 071

30, 694
24,972
402
5,210

31,935
25, 405
912
5,488

5,490
5,176
313
64,736
14.864

5,465
5,156
307
60,069
11,215

5,484
5,176
307
60,912
10, 223

5, 530
5,218
310
64, 021
12, 216

5, 588
5,263
322
69,450
15, 657

49,017

47,880

49,692

50,819

52,983

56, 780

58,444

59,833

59,514

56, 709

55, 544

53,692

20.865
11,701
9,036

18,440
9,784
8, 506

18,050
9,242
8,668

19,415
10, 356
8,918

21, 655
12,103
9,430

26, 580
15,938
10, 509

33, 239
21,414
11, 666

37, 679
25,302
12,198

36,870
24, 339
12, 348

34,035
22,168
11, 683

30, 400
19, 043
11, 203

27, 207
16, 679
10, 371

1,726
5,838

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
4,341
4,550
4,939
4,567
thous. of bbl_.
3,512
3,277
2,968
2,722
2,329
3,270
2,545
3,431
4,006
Production
thous. of bbl__
4,576
4,036
4,465
4,521
4,826
5,075
4,708
3,271
3,290
2,721
2,592
2,874
2,825
Stocks, end of month
..thous. of bbL.
6,472
7,219
7,615
6,868
6,797
6,692
6,270
6,064
5,654
5,438
5,811
5,925
7,736
Distilled spirits:*
Consumption (tax-paid withdrawals) f«
thous. of proof gal..
2,366
2,748
4,675
3,431
4,604
5,963
4,214
6,072
6,323
5,258
4,591
4,901
5, 301
Whisky
thous. of proof gal..
4,203
4,715
4,384
4,014
1,974
2,210
2,828
3,961
5,267
5,338
5,516
3,700
4,613
Production, total
thous. of proof gal.. 15, 144
16, 701
16, 067 15, 171
8,158
8,814
8,838
9,465
12,110
12, 224 14,536
15, 754 14,543
Whisky
thous. of proof gal— 14, 280
15, 679
13,954
15, 348 14, 329
7,600
8,182
8,170
8,785
11, 200 11,258
13,134
14,875
° Revised.
* New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. Beverage figures are from the U. S. Treasury, Alcohol Tax Unit. Monthly
data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. Series on cellulose products prior to January 1933 not available.
% Revised series. Data revised beginning with January 1932. See p. 39 of the April 1935 issue. Revisions for period January 1932-January 1934, inclusive, will be
shown in a subsequent issue.
fFor revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; 1934 data also revised. Revisions
not shown in the June 1935 issue will appear in a subsequent issue. Manufactured and natural gas revisions for years 1929-34, inclusive, were shown on pp. 19 and 20 of the
May 1935 issue. Data on consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries. For revisions see p. 39 of the March 1935 issue.
• Consumption of distilled spirits (withdrawn tax paid) pins brandy tax paid direct from fruit distillers plus ethyl alcohol withdrawn tax paid (see p. 38) equals
Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.




42

SURVEY OF CURRENT BUSINESS

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

1934

1935

June

August 1935

June

July

August

1935

Septem- October Novem- Decem- January
ber
ber
ber

ary

March

April

May

F O O D S T U F F S AND TOBACCO—Continued
BEVERAGES—Continued
Distilled spirits—Continued.
Stocks, end of month_.thous. of proof gal__ 160, 624
Whisky
thous. of proof gal__ 152, 686
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p.
38):
Consumption (tax-paid withdrawals)*
1,345
thous. of proof gaL_

63,351
57,962

68,872
63, 422

73,841
68,343

78,380
72, 883

84,093
78, 471

90,055
84,198

98,028
91, 630

109,203
102, 504

119, 034
112,082

129,679
122, 560

139, 036
131, 659

150,477
142,639

958

1,389

1,532

1,577

2,672

2,825

3,137

1,235

1,202

1,492

1,414

1, 451

134,819 * 139,783

133,067

150,881

137,487

144,961

140,844

136,810

128,802

110,936

114,699

136,030

1.".0,312

.24
.25
196, 603 «182,783
63,812
72, 844

.24
171,682
61,251

.27
162, 589
57,881

.26
141,809
49, 392

.27
130,861
49, 928

.29
110,655
41, 564

.31
102, 702
39,110

.34
100,130
42, 716

.36
97,003
37, 873

.32
107, 060
38,127

.34
127, 400
44, 246

17", 0'-'')

70,148

108, 748

120, 467

125,017

111,073

81,034

47,175

18,907

8,110

5,341

5,670

* 48, 485
3, 397
.15
66, 545
"54,~872~ «54, 726
14, 645
14, 392

46, 932
3, 213
.13
62, 682
49,106
16, 487

54,874
3,511
.15
57,887
44, 650
17, 257

50,163
4, 063
.14
51, 206
38, 205
12, 840

61,136
4,460
.14
47, 464
33, 732
14,277

50, 072
5, 730
. 15
35, 835
28,146
13,609

42, 394
3,565
.15
31,163
21,517
9,522

50,528
3,575
.17
26,109
18,771
13,526

42, 820
4,084
.18
27, 743
19,493
10, 821

45,820
4,220
.17
34,408
23,891
8, 955

53,311
4, 455
. 17
40, 547
29.431
10, 6SS

115,842
97, 018

122, 495
103, 805

127,363
108, 624

118,008
102, 832

109, 972
96, 688

102,197
89, 878

81,220
71,007

70,156
60, 943

62, 851
54, 769

54.459
46, 593

DAIRY PRODUCTS
Butter:
Consumption, apparent*!
thous. of lb_.
Price, N. Y., wholesale (92-score)
dol. perlb..
Production (factory)!
thous. of lb.._
Receipts 5 markets
thous oflb
Stocks, cold storage, creamery, end of
month
_..thous. oflb..
Cheese:
Consumption, apparent!
thous. oflb..
Imports^
thous. of lb__
Price, no. 1 Amer. NT. Y
dol. per lb..
Production (factory)!
thous. oflb..
American whole milk!
tbous. of lb..
Receipts 5 markets
thous. oflb..
Stocks, cold storage, end of month!
thous. of lb._
American whole milk!
thous. of lb_.
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened) __thous. oflb..
Evaporated (unsweetened)!
thous. oflb..
Exports:
Condensed (sweetened).-thous. oflb..
Evaporated (unsweetened)
thous. oflb..
Prices, wholesale, N. Y.:
Condensed (sweetened)-dol. per case..
Evaporated (unsweetened)
dol. per case..
Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. oflb..
Case goods
thous. of lb
Evaporated (unsweetened):
Case goods
thous. of lb
Fluid milk:
Consumption in oleomargarine
thous. oflb..
Production, Minn, and St. Paul
thous. of lb._
Receipts:
Boston, incl. cream
thous. of qt_.
Greater New York*
thous. of qt._
Powdered milk:
Exports
thous. of lb
Orders, net, new
thous. of lb__
Stocks, mfrs. end of mo
thous. of lb__

96, 254
55,877
3,836
.15

75, 280
64, 385

96,960
79,925

:-\ 2^2
"id S'O't

42, 702
a

56.7C7

* 4$, 320

33, 619

22,103

16,997

19,425

16, 22C

16, 691

15,943

13,683

14, 297

15,122

18,764

23,224

27,349

269, 344

210,750

190,089

175,125

146,130

138,107

103, 419

93, 731

118, 562

123, 657

141,331

180, 943

231,663

265

1,276

1,261

985

797

553

821

470

499

599

842

717

89

2,432

2,562

3,278

5,066

2,759

3,324

2, 840

2,965

2,679

2,642

4,882

3, 267

3, 441

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

3.00

2.70

2.70

2.70

2.70

2.70

2.70

2.70

2.79

3.00

3.00

3.00

3. 0C

12, 605
16,511

10,105
13,912

9,921
17,156

9,210
17, 432

9,476
15,891

9,417
13,555

9,135
11,236

7,687
10, 516

5,635
8,068

4,646
5,153

4,880
3,714

5,759
5, 552

« 9, 571
12, 284

285, 477

153,149

205, 545

167,864

175,129

215, 700

203, 402

156, 793

59, 791

28,913

39, 993

74,145

179, 684

5,998

3,461

3,900

5,184

6,332

6,165

6,552

6, 880

7,731

9,622

7,700

8,645

7,012

39,899

35, 202

31,899

27, 988

24, 004

24,174

23,449

24, 747

27,094

25, 978

29,838

29,722

38, 702

110.417

19,168
110,931

20, 766
110, 460

19, 291
103,812

18, 099
103, 331

18, 290
106,118

17, 846
102, 914

17, 350
101, 691

17, 656
103,072

15,747
92,157

17,624
105, 684

17,110
105, 280

18,131
111,529

207
12, 201
36, 393

309
14,691
40, 315

209
13,184
43, 007

319
11,601
42, 838

376
11, 090
41, 794

163
11, 629
40, 795

234
11,437
36, 530

168
11,716
33,151

213
10, 700
30, 207

223
15, 367
23, 568

170
13, 755
20, 407

200
12,298
20, 896

228
o 13, 646
•27, 377

756

1,145

1,897

10, 405

17, 742

7, 776

•120, 670
5,672

5,732

5,838

4,674

3,107

1,175

7, 051
2, 342

4,092
5,851
3,682

10, 408
7, 394
3,514

10, 323
13,631
2,083

8,890
14, 533
1,886

6,928
14, 866
2,787

4,646
14,199
2,601

2,642
15,198
1,208

1,189
16, 741
2,385

360
15,574
3, 326

1.006

FRUITS AND VEGETABLES
Apples:
Production, crop estimate thous. of bu_. /170, 232
616
Shipments car lot!
carloads
Stocks, cold storage, end of month
thous. of bbl
Citrus fruit, car-lot shipments!
carloads.. 12,114
3,038
Onions, car-lot shipments!
carloads..
Potatoes:
.713
Price, white, N. Y
dol. per 100 lb._
Production, crop estimate thous. of bu '367, 589
21, 073
Shipments, car lot! carloads

10,140
2,872

8,128
1, 303

1.541

1.200

.894

25,687

18, 748

11,513

1,884

759

139

165

.948

1.006

1.006

.881

.935

.806

14, 761

14, 829

.975
•385, 421
12, 066

.975

21, 627

18, 393

20, 923

20,878

17, 688

18, 386

3,371

3,388

2,884

2, 773

1,842

2,050

1,615

1, 762

1,478

1, 007

789

743

582

535

111

628

209

128

88

79

.81
.91

.95
1.00

1.07
1.16

1.02
1.10

1.06
1.17

1.09
1.18

1.08
1.15

1.01
1.08

.97
1.07

.87
.04

3,813

3,509

8,556

8,595

5,484

5,188

1.09
1.20
•118,348
4,796

2,297

1,893

2,104

2,550

3,205

8,317

6,946

9,006

12, 403

13, 525

14, 900

14,401

12, 962

11,516

9,005

7,684

6,845

GRAINS
Exports, principal grains, including flour and
1,594
meal!
thous. of bu
Barley:
67
Exports, including rnaltf
thous. of bu__
Price, no. 2, Minn.:
.71
Straight*
dol. per bu._
.82
Malting*...
dol. per bu_.
Production, crop estimate..-thous. of bu._ '316,850
2,628
Receipts, principal markets*_thous. of bu__
Visible supply, end of month A
5,169
thous. of bu—




/ July 1 estimate.
-Ugust 1934 issue. Since the division of
rted separately. See p. 19 of the June
"1 1933 not published.

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

43

SURVEY OF CURRENT BUSINESS

August 1935
1935
June

1934
June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

May

FOODSTUFFS AND TOBACCO—Continued
GRAINS—Continued
Corn:
Exports, including mealf
thous. of bu_.
29
Grindings
thous. of bu_.
4,028
Prices, wholesale:
.89
No. 3, yellow (Kansas City).dol. per bu_.
No. 3, white (Chicago)
dol. per bu_.
.88
Production, crop estimate..-thous. of bu_. '2.044,601
Receipts, principal markets.-thous. of bu._
9,091
Shipments, principal markets
thous. of bu_.
6,039
Visible supply, end of month •
thous. of bu_.
8, 860
Oats:
Exports, including oatmealf_thous. of bu_.
303
Price, no. 3, white (Chicago)-dol. per bu_.
.39
Production, crop estimate thous. of bu._ 1,266,243
Receipts, principal markets.-thous. of bu_.| 1,901
Visible supply, end of month •
thous. of bu_.; s, 399
Rice:
Exports!
pockets 100 lb_.j 329,712
Imports^
pockets 100 lb_.i 6,897
Price, wholesale, head, clean, New Orleans
dol. per lb_. I . 0 4 0
Production, crop estimate thous. of bu_.I / 37, 752
Southern States (La., Tex., Ark., and
Tenn):
Receipts, rough rice, at mills
82
thous. of bbl. (1621b.)-.
Shipments from mills (milled rice) total 2
529
thous. of pockets (100 lb.)-.
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of mo
632
thous. of pockets (100 lb.).
Rye:
0
Exports, including flour thous. of bu_.
.46
Price, no. 2, Minneapolis
dol. per bu..
Production, crop estimate thous. of bu,. / 53,141
298
Receipts, principal markets*_thous. of bu_.
Visible supply, end of month*
thous. of bu.
8,559
Wheat:
Exports :f
Wheat, including flour thous. of bu.
1,195
Wheat only
_.thous. of bu_.
8
Prices, wholesale:
No. 1, Dark Northern, Spring, Minn.*
1.05
dol. per bu.
No. 2, Red, Winter, St. Louis
.86
dol. per bu.
No. 2, Hard, Winter, K. C.dol. per b u .
.88
Weighted average 6 markets, all grades
.97
dol. per bu.
Production, crop estimate, total
thous. of bu. / 731,045
Spring wheat
thous. of b u . / 272,954
Winter wheatthous. of bu. / 458,091
Receipts
thous. of bu_. 10, 024
Shipments
thous. of bu._ 11,217
Stocks, visible supply, world.thous. of bu__
Canada
-thous. of b u . . 194, 779
United States*
thous. of b u , . 23,739
Stocks, held by mills (quarterly)
thous. of bu__
Wheat flour:
Consumption (computed)f-thous. of b b l . . 7,624
Exports
thous. of b b L .
253
Grinding of wheat.-thous. of bu._
Prices, wholesale:
6.87
Standard Patents, Minn.._dol. per bbl_.
Winter, straights, Kansas City
dol. per bbL.
Production:
5.54
Flour, actual (Census)
thous. of b b L .
Flour prorated, total (Russell's) f
thous. of b b L .
Offal
thous. of lb.
7,857
Operations, percent of total capacity
Stocks, total, end of month (computed)
thous. of bbL.
Held by mills (quarterly)-thous. of bbL.
4,100

248
6,738
.57
.62

0)

471
6,539

357
4,839

308
5,302

224
4,062

147
5,261

.78
.76

518
5,721

.81

.80
.82

.91
.93

.96
1.01
1,377,126

9,579

26, 568

41, 447

18, 685

16,157

8,858

11, 353

13,610

17, 488

10, 448

12, 372

12, 514

38,518

44, 830

60, 451

62, 407

58, 683

50, 537

81
.43

76
.45

69
.49

71
.52

78
.54

i
87 i
.55 i

9, 226
11, 294
43, 462

74
4,051

51
3,399
.92
.94

44
5,513

39
4,571

.93
.94

62
4,574

.92
.91
10,850

6,720

5,999

7,559

9,878

8,931

7,767

9,308

7,905

7,356

34,204

28,160

21, 923

15, 924

12,041

91
.56

54
.54

68
.49

65
.50

63
.44

2,811

3, 388

7,231

4,886

4,516

1,876

73
.56
3,119
'525, 889

1,983

2,256

2,261

2,224

3,351

22, 524

21, 445

24, 605

24, 241

22, 627

22,191

22, 576

21,258

19, 443

14, 366

11,867

10, 786

89,197
59,149

75, 298
58,464

59, 421
46,173

31,328
47, 313

61,164
44, 645

61, 640
42,643 i

53, 225
46, 330

73, 882
93, 287

46,194
182, 985

26,121 141,593
81,158 ! 15,644

288, 072
7, 717

.039

.039

.039

.049 I

.049
• 38, 296

.049

.039

. 039

.040

.039

.039

.039

183

153

244

836

1,974

910

612

688

1, 280

825

175

143

525

483

555

747

993

810

714

829

1,054

910

953

961

1,575

1, 267

972

1,083

2,189

2,356

2,311

2,247

2,562

!,550

1,842

1,075

1
.69

0
.74

0

2
.87

0
.76

0

0
.76

0
.69

0
.61

0
.61

0
.54

190

1,903

2,246

847

1,401

1,502

2,332

0
.80
' 16,045
445

86

57

405

11,452

12, 208

11,798

11,776

12,323

13,425

12, 572

11,486

10, 630

9,652

1,415
387

2,168
826

2,042
1,776

2,199
109

1,923
57

1,936
152

1,511
32

1,257
14

1,301
4

1,502
10

1.04

1.08

1.20

1.21

1.15

1.14

1.17

1.18

.91
.89

.92
.93

1.01
1.07

1.04
1.08

1.01
1.02

1.04
1.04

1.02
1,01

.95

.95

1.15

1.19

1.13

1.12

1.12

1.12

12, 946
15,395
497,570
246, 247
107,050

9,154
15,066
471,620
249,686
98,756

496,929
577
405,552
7,843
8,051
509,410
253,119
89,766

5,127
8.638
517,317
242,363
74,774

3,771
6,846
481,793
235, 515
62,769

9,875
397
41, 833

8,881
380
37,393

8,694
315

8,600
265

8,009
276

8,697
317

8,154
266

34,323

37,766

34,509

36,309

35,466

7.32

7.25

7.25

7.32

7.28

7.16

7.48

5.85

5.79

5.75

5.66

5.91

23, 445
15,447
451, 860
190,717
79,395

49, 708
16,831
477,190
185,120
117,973

23,045
13,934
491,130
183, 710
121,727

102,968
8,487
219
34, 476
7.05
5.79
7,507
8,407
613, 279
46
4,570
3,914

19,082
14,767
506, 250
222, 260
119,001

1.00
1.02

435
39, 682

7.18

7.46

6.01

6.14

7,325

8,654

7,966
600,486
47

9,425
704, 298
52

4,700

4,920

9,268
443
40, 371
7.50
6.22
8,822
9,881
716,936
59
5,090
3,473

1,281
30

1,426
2

1.15

1.19

1.16

.98
1.00

.97
1.05

.93
.99

134,935

160,904
7,550
286
33, 701

5.88

5.79

9,181

8,211

10, 382
736, 619
55

9,311
655,023
53

5,200

5,250

1,680
9,198

.95
.97

1.13

4,668
6,355
445, 599
227, 259
52, 735

6,390
7,971
405, 507
216,181
42,832

8,298
8,683
199,926
31, 607

87,314

7,547

8,315

7,599

7,986

7,787

8,585
601,417
49
4,820
3,857

9,024
657,904
51
4,700

8,465
599,975
53
4,600

8,767
634, 700
49
4,500
3,582

8,290
621, 828
48
4,270

7,920
303
« 35, 567
7.22
5.69
« 7,806
8,125
» 625, 958
48
4,200

LIVESTOCK AND MEATS
Total meats:
882
917
1,084
Consumption, apparent A
mills, of lb_.
1,063
959
1,154
1,086
777
1,003
971
Production (inspected slaughter) A
799
843
1,142
1,122
979
954
mills, of lb._
782
1,204
1,161
777
Stocks, cold storage, end of month, total *
641
813
932
852
mills, of lb_.
994
921
1,021
881
1,077
981
828
913
«716
53
90
Miscellaneous meats
mills, of l b . .
57
105
107
113
126
61
110
78
89
78
• Revised.
1
Price not available.
3
Brewer's rice not included.
• Dec. 1 estimate.
/ July 1 estimate.
* New series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 20 of the June 1935 issue, wholesale price of wheat, No. 1, dark Northern, Spring, Minneapolis.
t Data revised. For revisions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. 19 of the August 1933 issue. For revised
data on rice exports for 1932 see p. 39 of the June 1933 issue and for 1933 exports see p. 20 of the Setember 1934 issue.
• Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
* Government slaughter not included.
# See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.




44

SURVEY OF CURRENT BUSINESS

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

1935

June

August 1935
1935

1934

June

July

August Septem- October Novem- j Decem- January Februber
ber
ber
ary

March

April

394, 538
1,285

405, 041
1,034

May

FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK A N D MEATS—Continued
Cattle and beef:
Beef and veal:
Consumption, apparentA—thous. of l b . .
623
Exportsf
thous. of lb—
Price, wholesale:
Beef, fresh native steers, Chicago
dol. per lb—
.174
Production, inspected slaughterA
thous. of lb_Stocks, cold storage, end of monthA
thous. of lb_. 55, 543
Cattle and calves:
Movement, primary markets: •
Receipts
thous. of animals..
1, 402
904
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather
and leather products.)
494
Shipments, total
thous. of animals..
150
Stocker and feeder.thous. of animals._
Price, wholesale, cattle, corn-fed, Chicago
.
dol. per 100 lb—
11.50
Hogs and products:
Hogs:
Movement, primary markets: •
Receipts
thous. of animals..
1,301
926
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather
and leather products.)
375
Shipments, total. _-thous. of animals—
27
Stocker and feeder.thous. of animals.Price, heavy, Chicago.-_dol. per 100 lb...
9.49
Pork, including lard:
Consumption, apparentA—thous. of lb —
Exports, totalt
thous. of ib— " 15," 6il"
6,877
Lardf
thous. of lb—
Prices:
.213
Hams, smoked, Chicago. _dol. per lb —
Lard:
.147
Prime contract, N. Y___dol. per lb —
.154
Refined, Chicago*
dol. per lb—
Production, inspected slaughter, totalA
thous oflb
LardA
thous. of lb _
Stocks, cold storage, end of mo.
thous. of lb— 530,094
Fresh and curedA
thous. of l b ~ 445, 223
LardA
-thous. of lb— 84, 871
Sheep and lambs:
Lamb and mutton:
Consumption, apparentA—thous. of lb—
Production, inspected slaughterA
thous. of lb—
Stocks, cold storage, end of mo.
2,3.74
thous. of lb-Movement, primary markets: •
1,994
Receipts
..thous. of animals.1,037
Slaughter, local
thous. of animals. .
Slaughter, inspected. (See Leather and
leather products.)
891
Shipments, total
thous. of animals..
81
Stocker and feeder..thous. of animals..
Prices, wholesale:
3.00
Ewes, Chicago
dol. per 100 lb—
6.72
Lambs, Chicago
dol. per 100 l b Poultry and eggs:
Eggs:

Receipts, 5 markets

thous. of cases..

1,503

Stocks, cold storage, end of month:
7,591
Case
thous. of cases..
Frozen
. . thous. of lb— 107, 930
Poultry:
Receipts, 5 markets
thous. of lb-. 18, 615
Stocks, cold storage, end of mo.
thous. of lb— 46, 967

461,514
1,356

430,196
2,250

.113

.114

463, 019

444,139

45, 471

454, 901
2,269

461,132
1,683

422, 822
1,371

522, 298
1,638

464, 739
1, 961

.133

.123

.126

.157

.175

.184

.192

.191

535, 042 481, 645

429, 835

449, 865

345,112

374, 848

374,311

404,144

466, 814
1,342

365, 414
1,164

425, 522
1,084

.125

.141

469,317

471,010

61, 545

80, 075

92, 575

108, 399

127, 953

140,940

127, 097

110, 777

98, 550

77, 559

« 63, 523

1,812
1,225

2,985
1,672

4, 234
2,186

3,777
2,140

3,000
1,711

2,163
1,356

1,797
1,221

1,889
1,226

1,381
859

1,470
915

1,630
1,025

1, 636
1,034

585
139

1,231
470

2,041
802

1,071
550

1,257
477

835
317

565
165

649
199

509
192

537
192

587
219

596
237

8.57

8.40

8.50

9.36

8.71

8.46

9.17

10.88

11.98

12.33

12.55

12.43

2,684
1,934

2, 519
1,777

2,067
1,420

2,093
1,531

2,807
2,032

3,218
2,338

3,140
2,189

2,422
1,651

1,823
1,223

1,622
1,126

1,650
1,138

1,551
1,075

759
45
4. 34

732
46
4.85

645
59
6.19

561
67
7.23

771
66
5.95

881
52
5.95

953
42
6. 51

764
30
7.99

601
26
8.49

498
32
9.29

506
28
8.96

477
26
9.41

577,166
56, 251
41,008

493, 580
51, 243
33, 466

550, 984
45, 644
29, 358

442, 693
41,650
31, 506

568,257
35, 737
26, 870

570, 492
34, 023
19,739

486, 499
25, 670
16,170

482, 726
27,419
17, 667

365, 749
24,165
15, 890

377,014
19, 364
10, 635

415,462
14, 787
7,193

427,060
20, 294
9,740

.156

.171

.172

.184

.176

.164

. 161

.165

. 176

.185

.195

.203

.068
.073

.072
.081

.090
.099

• .102
.116

.101
.108

. 112
.116

.122
. 131

.136
. 144

.143
. 145

.144
.148

.138
.143

.141
.148

633,062
124, 069

574, 229
107,101

452, 672
78,125

427, 324
69, 424

561, 807
88, 548

669, 797
108, 746

641,917
109, 999

484, 691
78, 393

385, 906
61, 221

351, 302
55, 640

363,631
57, 704

373. 924
58, 684

823, 560
628, 425
195,135

853, 063
643, 566
209, 497

709,165
542, 010
167,155

652, 274
524, 220
128, 054

610, 256
504, 737
105, 519

675, 740
571, 913
103,827

805, 670
687, 563
118,107

780, 481
667, 984
112, 497

776, 795
666, 598
110,197

732, 280
627, 346
104, 934

666,105
564, 881
101, 224

« 593, 399
«503, 413
« 89, 986

45, 726

47, 467

57,191

55, 209

63, 765

50, 806

50, 678

53,665

45, 856

56, 365

61,319

64,862

45, 846

47, 567

57, 313

56,061

64, 478

52, 451

50, 625

52, 990

45, 600

56,179

61,089

64, 678

1,450

1,518

1,608

2,400

3,074

4,687

4,560

3,819

3,506

3,218

3,031

* 2, 354

1,810
918

2,152
998

2,615
1,106

3,324
1,384

4,056
2,126

1,833
1,017

1,542
902

1,749
1,022

1,522
850

1,803
1,011

2,106
1,223

2,251
1,227

891
115

1,155
190

1,482
390

1,931
774

1,943
908

819
283

644
133

720
151

666
134

784
137

886
88

1,046
86

1.63
7.24

1.78
5.91

1.47
5.59

2.09
5.56

2.00
5.56

2.00
5.61

2.63
5.98

3.91
6.53

4.09
6.47

4.13
6.63

4.00
6.58

3.69
6.72

1,452

1,009

828

665

655

588

642

750

858

1,488

1,866

1,963

8,965
116, 058

8,961
121, 564

7,938
111,994

6,803
99, 951

4,633
88,715

2,380
76,073

648
64, 879

39
52, 726

34
39,413

1,508
39, 516

3,901
59,313

6,366
« 84, 680

22, 755

22, 417

21,861

24, 725

31, 383

64, 370

59, 223

23, 641

16, 501

13, 542

14,178

15,147

40, 609

44, 904

46,053

55, 262

73, 401

105, 565

132, 001

122, 285

106, 776

83, 713

61,815

« 48, 274

TROPICAL PRODUCTS
Cocoa:
44, 285
46, 706
17,051
10,914
10, 933
23, 378
17,154
11, 763
16, 713
18. 973
10, 456
10,843
Imports#
long tons.. 12, 332
.0504
.0527
.0500
.0474
. 0485
.0491
.0535
.0510
.0487
.0525
.0572
.0470
.0535
Price, spot, Accra, N. Y
dol. per lb—
Shipments, Gold Coast and Nigeria
22, 657
3,441
59, 032
52, 091
30,175
11,822
32, 462
14, 631
45, 259
15, 803
10, 798
long tons.. 12, 796
10, 568
Coffee:
Clearances from Brazil, total
787
1,077
1,076
1,467
1,096
1,118
1,006
1,308
978
1,138
1,390
1,449
thous. of bags
572
724
612
514
610
783
609
687
649
815
512
546
To United States
thous. of bags..
Imports into United States#
762
1,201
1,021
1,059
1,199
1,061
911
758
919
1,018
thous. of bags..
788
736
971
.097
.093
.094
.076
.094
.093
.085
.071
.071
.095
.102
.095
.069
Price, Rio No. 7, N. Y
dol. per lb._
1,245
1,105
1,047
1,113
1,093
1,029
1,514
1,154
1,344
1,509
901
919
Receipts at ports, Brazil., .thous. of bags..
Stocks, world total, incl. interior of Brazil
27,141
26,168
2 22, 266 2 21,133
25,904
25, 633
thous. of b?gs
0)
0)
0)
0)
0)
0)
Visible supply, total excl. interior of
8,499
6, 642
8,302
6,820
6,537
6,477
6,915
7,064
7,153
7,374
8,526
8,496
Brazil
thous. of bags..
916
716
818
820
705
878
769
866
715
655
886
955
United States
thous. of bags..
A Government slaughter not included, see p. 44 of the June 1935 issue.
° Revised.
# See footnote on p. 37 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
1
Data not available.
2 Total incomplete.
f For revisions of beef and veal exports for 1932, see p. 40 of the June 1933 issue; for revised data for 1933 on all export data; see p. 20 of the September 1934 issue.
* New series. See p. 18 of January 1934 issue.
• Includes animals purchased lor Federal Relief Corporation for period July 1934-February 1935.




45

SURVEY OF CURRENT BUSINESS

August 1935

1934

1935

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1S32 Annual Supplement to the Survey

June

June

July

August

1935

ptem- October Novem- Decem- January
ber
ber

March

April

May

FOODSTUFFS AND TOBACCO—-Continued
TROPICAL PRODUCTS—Continued
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons__
United States:
Meltings, 8 portsf
long tons._
Price, wholesale, 96° centrifugal, New
York
dol. per lb__
Receipts:
From Hawaii and Puerto Rico
long tons..
Imports! #
long tons..
Stocks at refineries, end of mo.f
long tons__
Refined sugar:
Exports, including maplef
long tons_.
Price, retail, gran., N. Y
dol. per 1b...
Price, wholesale, gran., N. Y.dol. per lb_.
Receipts:
From Hawaii and Puerto Rico*
long tons..
Imports:
Cuba* A
long tons..
Philippine Islands*
long tons..
Shipments, 2 portsf
long tons..
Stocks, end of month, 2 portsf-long tons..
Tea:
Imports*
thous. of lb__
Price, wholesale, Formosa, fine. N. Y.
dol. per lb._

!

1,993

2,364

2,212

323, 013 350, 731 300,448
.033

2, 041

1, 764

.032

.033

.029

163, 091 149, 087 188,196
210.218 197, 640 53,117

73,180
91,212

98,415
683,137

.029

504, 813 537,831
5,681
.053
.052

633,593

4,649
.052
.045

6,376
.055
.047

16, 260

12, 366

11,039

10, 361
6,857
50,368

21, 226
3, 323
40, 450
12,122

18,317
590
49,973

14, 603
5,499
.275

1,589

1,345

983

930

1,789

2,317

.029

13,369
.055
.047

536

.029

2,230
43G, 500

.030

.033

.033

58,463 100, 368 151, 033 181,898 168, 519
49, 393 65,794
241, 262 165, 562 260, 715 484, 448 139,153 205, 251 -.42, 346

125,811
225, 913

.029

.029

626, 796 501, 240 363, 952 456, 679 718,953
9,494
.055
.047

.028

2,465

327, 724 340, 929

307, 685 350, 048 411, 507 278, 822 227, 522 356, 818 300,8S4

20,194
.055
. 046

24,453
.053
.045

21,461
.052
. 043

483,143 424,085 492,247

567, 039

509, 028

7,932
.051
. 043

4,209
.052
.049

3,187
.053
.052

8,948
. 052
. 042

10,307
.051
.042

3,089

0

670

2,528

6,972

18, 816

13,158

12, 806

15,028

15, 439 134,194
0
0
44,971
55,477
10, 565
4,415
7, 426
9,193
.215
.215

64, 724
2, 619
42, 481

4,911
2, 435
36.981
23,429

6,343
53
37,414
25, 969

53, 280
18
42, 309
18,110

18,335
0
40, 577
15, 565

15, 263
729
50,515
16, 026

45,164
4,816
59,109
11,839

24, 586
5,875
56,190
13,857

7, 668

5,015

7, 385

6, 524

8, 401

6,049

5,999

.215

.215

.215

.275

.275

16, 433

25,106

24,935

24, 596

20, 475

21, 238

21, 753

30, 699 33, 392 37,791
33,240
20, 288 26,966
263,883 496, 061 832, 225 941,121 889, 651 367,430
34, 674 50, 777 62, 601 73, 637 77,151
77,126

24,350
362,326

5,419
.215

8, 565
6,471
.215

15,854
7,942
.215

.275

MISCELLANEOUS PRODUCTS
Candy sales by manufacturers.thous. of dol.. 14, 434
Fish:
Landings, fresh fish, principal ports
thous. of lb__ 38,378
Salmon, canned, shipments
cases..
Stocks, total, cold storage, 15th of month
thous. of lb._ 35, 905
TOBACCO
Leaf:
Exportsf
thous. of lb__ 12,452
6,623
Imports, unmanufactured*—.thous. of lb__
Production, crop estimate
thous. of lb_. fl, 192,626
Stocks, total, including imported types
(quarterly).
_
mills, of lb_.
Flue-cured, fire-cured, and air-cured
mills, of lb__
Cigar types
mills, of lb._
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions.. 12,120
Large cigars
thousands.. 402, 272
Manufactured tobacco and snuff
thous. of lb_. 27, 879
Exports, cigarettes
thousands._ 308,500
Prices, wholesale:
Cigarettes
dol. per 1,000.. 5.380
Cigars
dol. per 1,000.. 46.041

12,945

29, 563
6,139

10,010

19,013
5,209

24, 420

21,618
348,805
73, 850 64,176

20, 419

19, 637

27, 454
37, 369 44, 343
659, 355 676,996 309, 459

41, 588
203,609

51,574

35,213

22, 068

21,691

24, 629
4,501

31,897
4, 643

17, 937
5,700

17,386
4,044

9,210
9,306
10, 200 10. 697
11,337
317, 563 327,578 320,864 351,694 373, 673
30, 948 27, 234 30, 506 27, 759 22, 709 30,120 26,103
27,970 27, 689
310, 334 260, 409 280, 590 282, 269 288,768 332, 412 329, 290 323, 732 261, 677
5. 380
5.380
5.380
5.380
5.380
5.380
5. 380
5. 380
5,380
46. 839 46.839
46.742
46. 697 46. 697 46. 697 48. 820 46.820 46.041

11, 709
407, 731

25, 605
3,830

2,214

53, 097
5, 989

64, 810
5,140

47, 534
4, 521

28,609
3,608
-1,045,660

31,711
4,418

2,202

2,224

2,347
1, 865

372

1,733
360

1, 736

12, 045 11,355
404, 456 378,056
29, 420 28, 691
252, 609 225, 387
5.380
46. 839

5. 380
46. 839

I

11,810
10, 294 10, 718
9,727
425, 453 394, 862 494, 456 466,164

30, 603
382, 815
5.380
46.041

FUELS AND BYPRODUCTS
Anthracite:
Exports

COAL
thous. of long tons..

156

Retail, composite, chestnut
dol. per short ton..
11. 63
Wholesale, composite, chestnut^
dol. per short ton..
8.918
Productiont
thous. of short tons.. v 5, 642
Shipmentsf
thous. of short tons..
4,879
Stocks in storage:*
Total
thous of short tons
970
Stocks, in yards of dealers, end of month
no. of days* supply..
44
Bituminous:
Consumption:
Coke plants
thous. of short tons..
3,860
Electric power plantst
thous. of short tons..
2,631
Railroads
thous. of short tons..
Vessels, bunker
thous. of long tons.. ~~~144

89

82

87

90

122

120

91

116

140

84

121

156

12.40

12.60

12.83

13.05

13.11

13.04

13.02

13.01

13.02

13.01

12.47

11.70

9.216
4.184
3,495

9. 451
3,443
2,974

9. 598
3. 584
3,110

9.760
3,977
3,401

9.815
4,729
4,027

9.833
4,181
3,601

9.847
4,705
4,214

11.033
5,691
5,071

9. 841
4, 505
3, 946

9.716
3,082
2,555

9.132
4,808
4,168

8.809
4,919
4,347

1,541

1,769

2,197

2,506

2, 673

2,540

1,921

1. 415

921

774

456

705

61

65

79

80

54

60

36

24

23

24

27

36

• 4, 477

3,529

3,376

3, 241

3,481

3,438

3,637

4,199

4,178

4,381

3,969

4,134

2,807
4, 553
107

2,945
4, 543
101

3,007
4,735
119

2,742
4,801
98

2,915
5, 089
109

2,698
4, 855
120

2,870
5, 248
89

3,011
5,550
79

2,677
5,094
82

2, 643
5,389
99

•2, 540
4,822
95

•2,579
4,706
132

f Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p . 42, June 1933—data revised for 1933.
19J
See p . 20 of the September 1934 issue; , 1932 final revision of anthracite r
"le
^
..._ ._
._..
. ... production,,, p . 42, January 1934. Anthracite shipments for 1932, p . 42. December 1933; consumption of
,
bituminous coal by electric power plants for 1932, p. 42, M a y 1933: for 1933, p. 42, M a y 1934. Data also revised for 1934. Revisions not shown on p. 43 of trie June 1935 issue
will appear in a, subsequent issue. For revised data for 1932 on sugar meltings and stocks, see p. 41 of the M a y 1933 issue. For 1932 revisions of sugar imports and exports
see p. 41 of the June 1933 issue. For revisions of exports in 1933, see p . 20 of the September 1934 issue. Revised data on shipments and stocks of refined sugar at 2 ports
(for period January 1925-April 1935) will be shown in a subsequent issue. Change resulted from a reduction in the number of reporting refineries.
# See footnote on p . 37 of this issue. Data revised for 1933. See p . 20 of the October 1934 issue.

• Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports. The original figure for the end of August 1934
was a2,023,120 tons; revised for the month was, as shown, 2,197,411 tons.
Revised.
t Price converted to short-ton basis. Data on a short-ton basis prior to April 1931 were not published. Earlier monthly data were reported on a long ton basis.
J> Preliminary.
* December 1 estimate.
A Note major correction in data on imports of refined sugar from Cuba June-November 1934 were shown in the February 1935 issue.
* New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico'and imports from Cuba. Data prior to May
1934 on imports of refined sugar from the Philippine Islands are not available.
/July 1 estimate.




46

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the source3of the data, may be found
n the 1332 Annual Supplement to the Survey

1935

June

August 1935

1934
June

July

August

1935

Septem-;
Novem- December i October
ber
ber

January

February

March

April

I May

FUELS AND BYPRODUCTS—Continued
COAL—Continued
Bituminous—Continued.
Exports.thous. of long tons—
Price, retail composite, 38 cities
dol. par short t o n Prices, wholesale:
Composite, mine run.dol. per short t o n Prepared sizes (composite)
dol. per short tons..
Production!—
-thous. of short tons..
Stocks, consumers, end of month
thous. of short tons—
COKE
Exports
--thous. of long tons-.
Price, furnace, Connellsville
^
dol. per short ton..
Production:
Beehivet
thous. of short tons—
Byproduct!
thous. of short tons—
Petroleum
thous. of short tons—
Stocks, end of month:
Byproduct plants
thous. of short tons—
Petroleum, refinery.-thous. of short tons,.

991

1,108

1,036

1,033

1,059

8.18

8.23

8.30

8.31

8.35

537

366

8.35

8.36

351

356

832

772

8.39

8.37

8.24

8.11

4.200

4.185

4.199

4.192

4.190

4.190

4.190

4.180

4.180

4. ISO

4.180

4.217

4.236
25,877

4.343
24, 869

4.393
27, 452

4.435
27, 772

4.449
32, 807

4.449
30, 856

4.460
32, 331

4.459
36, 681

4.462
34,781

4.446
38, 655

4.314
21, 937

4.277
v 26, 790

29, 493

30, 387

31,441

33, 077

35, 810

36, 356

34, 476

32, 045

32,197

38,543

36, 249
IS

35, 541

83

42

32

25

23

3.73

3.73

3.73

3.73

3.70

97
2, 262
113

87
2,414
97

2,802
116

93
2,781
110

o !
2,911 !
119

67
2,670
120

2, 793
132

3,418
459

3, 418
405

3,129
375

2,860
353

2,961
367

3,019 i
317

2,791
416

75,991
73,784
2,395
3,443
.940 i
, 940
76.776 ! 72, 463
69
67 i

76, 593
2,794
.940
75, 010
70

75, 456
1, 699
. 940
78,715
69

70, 817
1,753
.940
72,763

92 !
[
3.73 !

66

105

127

114

3.73

3.73

3.73

3.73

63
2, 937
104

52
2, 380
96

45
2, 278
101

57
2,171
110

2,047
504

2,312
494

2,643
478

2,846
484

76, 054
3, 947
. 940
80, 040

80, 065
2, 561
.940
81, 548
73

79, 928
2,621
.940
79, 058
72

73,611
3,270
.940
75,810
63

74,815
35, 507
315, 263
56, 738

73, 834
35, 881
312,938
55, 959

71,207
36, 279
303,138
.55, 432

69,490
67,133
36, 672
37, 209
305, 740 302, 636
oQ, 245 55, 339

258, 525
1, 120

2,787

C

256, 979
1,182

252, 706
1,216

249, 495
1,047

859
3, 234
2,530

890
3,242
2,412

926
3,216
2,633

866
3,282
2, 350

i
78
2, 312
129
3,081
464

50
3.60

PETROLEUM ANB PRODUCTS
Crude petroleum:
|
Consumption (run to stills)-tnous. of bW.J.
Price, Kansas-Oklahoma
dol. per b b ll - |
-1
Imports*
thous. of b b
Productiont§
thous. of bbl—|
Refinery operations
pet. of capacity—
Stocks, end of m o n t h :
California:
H e a v y crude a n d fuel oil§
thous. of bbl—
Light crude §
thous. of bbl—
East of California, t o t a l t l - t h o u s . of bbl—
Refineriesf§
thous. of bbl—
T a n k farms a n d pipe linestl
thous. of bbl—
Wolls compleledtS
number..
Refined products:
|
Gas and fuel oils:
Consumption:
Electric power p l a n t s f - - t n o u s . of bbl—
Railroads
thous. of bbl—
Vessels, bunker
thous. of bbl—
Price, fuel oil, Oklahoma, 24-26 refineries
dol. per bbl—
Production:
Residual fuel oil*t§
thous. of bbl—
Gas oil a n d distillate fuels*f§
thous. of b b l - .
Stocks.
Residual fuel oil, east of California*t§
thous. of bbl_ .
Gas oil and distillate fuels, total* §
thous. of b b l
Gasoline:
Consumptionf§
thous. of bbl
Exports*.
thous. of b b l Exports, value. (See Foreign Trade.)
Price, wholesale:
D r u m s , delivered, N . Y - d o l . per gal._
Refinery, Oklahoma
dol. per g a l Price, retail, service station, 50 cities
dol. per g a L .
Production:
At natural gas p l a n t s f § - t h o u s . of bbl—
At refineriestl
thous. of b b l . .
Retail distribution (41 States)!
mills, of gal
Stocks, e n d of m o n t h :
At natural gas plants§ — thous. of bbl—
At refineriest§
thous. of bbl...
Kerosene:
Consumptionf§
thous. of bbl—
Exports
thous. of bbl—
Price, 150° water wiiite, refinery, P a .
dol. per g a l Production §
thous. of b b l . .
Stocks, end of month§
thous. of b b l Lubrier-ting oil:
Consumptiont§
thous. of bbl —
Price, cylinder oil, refinery, P a .
dol. per g a l . .
Production§
thous. of bbl._
Siocks, refinery, end of month §
thous.
a
p Preliminary.
Revised

2,937
. 940

I
!
|
!

76, 630
3,227
.640
81, 488
68

80.412
3,100
.940
82, 454
70

j

852
2,496

891
2yO
063
253

61,861
37, 529
292, 810
55, 019

60,
37,
293,
55,

879
823
226
892

60, 689
37,447
292, 776
56,316

58,818 !
59, 714
35, 3v <
36, 872
295, 351 297,380 '
59,343
57, 651

243, 297
1,234

241, 815
1,032

237, 791
1,050

237, 334
1,004

236, 460
1,103

237, 700
1,209

238,037
1,248

238,331
1,467

926
3,494
2,354

800
3,215
2, 250

894
3,353
2,434

892
3,437
2,477

796
3,108
2,148

814
3,441
2,698

3,365
2,402

3,390
2,621

63,
37,
297,
55,

58,928
33. 233
298, 2^0
59,. S09

.750

.725

.725

.725

.725

.750

.750

.750

.750

.750

.750

.769

20,136

20, 824

20,139

19, 447

20, 070

19, 913

21, 066

20, 335

19,178

20, 4o3

19,328

21,311

8,042

7,651

8,723

8,298

7, 904

8,044

8,136

7,696

7,147

8,678

7,183

8,198

19,249

.775

21, 659

24, 645

26,768

'l 379

28, 081

26, 579

25, 274

24,136

23, 614

22, 677

23,884

16,052

16, 232

17, 365
39, 089
1,848

16,313

19, 603

22,927

24,295

r

24,848

24, 449

21,957

18, 021

16, 260

2,729

36, 296
1,780

37,395
1,495

38, 941
1,766

34, 934
1,677

37,535
1,823

34,961
1,833

30,486
1,429

28,062
1,845

26,432
1,092

31,997
2,081

36. 076
1,330

.163
.056

.155
.046

.155
.045

.155
.047

.155
.046

.155
.043

.165
.046

.161
.046

. 136
.045

.128
.044

.120
.016

.138
.051

. 162
.053

.136

.119

.124

.129

.132

.132

.133

.136

. 139

3, 046
34, 488

3,238
36, 282

3,212
35, 591

3, 236
35, 997

3, 286
35, 330

2,952
32, 702

3,223
35, 314

3, 056
34, 728

3, C85
37, 583

1,090

1,123

1,074

1,094

1,022

931

848

809

970

1,043

1,590
33,190

1,589
30,421

1, 346
28,949

1,083
26,340

25, 201

"1,336
28,311

1,461
33,224

1,472
38, 548

1,778
40,220

2,050
37, 867

2,579
34, 725

2,372
962

2,815
751

2,804
976

3,571
789

3,956
957

4,451
625

4,761
797

4,299
691

4,597
441

3,959
538

3,751
498

3,545
496

.048
4,208
6,335

.046
4, 320
7, 062

.046
4,376
7,651

.047
4,262
7,539

.049
4,889
7,497

. 048
4,786
7,199

.046
4,777
6,393

.047
5,011
6, 383

.049
4, 791
6,119

.050
5, 215
6,834

.050
4, 325
6, 886

.050
4,474
7,295

1,569
.120

.139
3,031
37, 296

1,646
33,885

.050

.140
2,960
37,078

1,067

614

.141
2.S38
34,850

.140

1,491

1,498

1,387

1,677

1,495

1,394

1,557

1,297

1,617

1,802

1,919

.208
2,211

.183
2, 209

2,152

.160
2,106

.146
2,145

.134
2, 090

.126
2,346

.110
2,175

.113
2,028

.110
2,251

.110
2, 309

.113
2,392

6, 752

6, 782

6,841

6,965

6, 939

6,869

7,331

7,100

7,416

7,277

7, 020

6, 897

§ Dr.ta revised for" 1033. See p . 20 of the J a n u a r y 1935 issue.
• Data revised for 1933. See p . 20 of the September 1934 issue.
» Mew basis due to reclassification of motor-iuel stocks.
* New series. For earlier data see p . 20 of the F e b r u a r y 1933 issue, production and stocks of residual fuel oil a n d gas oil a n d distillate fuels.




75,066
2, 651
^ .940
78, 427
t8
,

47

SURVEY OF CURRENT BUSINESS

August 1935
1935

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

1935

1934

June

July

August

Segtom-j

October

. Novem- Decen,

January! February

March

April

May

FUELS AND BYPRODUCTS—
PETROLEUM A N D PRODUCTS—
Continued
Refined products—Continued.
Other products:
Asphalt:
lmports#
thous. of short tons..
Production!!
thqus. of short tons__
Stocks, refinery, end of month
thous. of short tons__
Coke. (See Coke.)
Wax:
Production
thous. of Ib__
Stocks, refinery, end of mo.§..thoun.of ib_

3
278

3
318

9
132

8
182

1
251

0
308

358

359

378

409

411

424

tO. 320
108,087

34, 160
115 137

35, 280
145, 744

37 240
141 809

43,120
144, 153

41. 16Q
145, 982

18,568
1,306
7, 402
5,870
2, 351

24, 705
1, 429
11,801
6, 480
3,440

24, 736
1,140
12, 815
6,132
3,160

27, 003
1,810
12, 275
6,058
4, 643

473
391
691
663
2,158
2, 409
1,137 1,374

511
683
2,177
1,483

508
735
2,172
1, 584

LEATHER AND PRODUCTS
HIDES AN5> S K I N S

!

Imports, total hides and skiasf#.thous. of ib_.|
Calf and kip skins
thous. of ib__j
Cattle hides
thous. of Ib..!
Goatskins}
thous. of lb__l
Sheep and lamb skins
v.hous. of ib__
Livestock, inspected slaughter:
Calves A
thous - of animals -_
CattieA
thous. of animals. .
Hogs
ihous. of animals.
Sheep A
tlious. of animals.
P r i ces, w i 101 esaie:
Packers, heavy native steers. Chir.iaro
dol. p e r l b . .
Calfskins, no. 1 country, Chicago
dol. per lb_.
LEATHER
Exports:
Sole leather
thous. o f l b . .
Upper leather!®
thous. of sq. ft_.
Pro duct ion:
Calf and kip*
thous. ofskin?_.
Cattle hides*!
thous. of hides..
Goat and kid*J
thous. ofskins..
Sheep and lamb*tt
thous. of skins..
Prices, wholesale:
Sole, oak, scoured backs (Boston)
.
dol. per lb-_
Upper, composite, chrome, calf, black,
" B " grade
dol. per sq. ft..
Stocks of cattle hides and leathers (all kinds)
end of month:
Total*!
thous. of equiv. hides..
In process and
finished*
I
tlious. of equiv. hides__j
Raw*1
thous. of equiv. hifies..

22,181
1, 914
9, 577
5, 818
3, 006
439
669
1, 828
1,421

19.907
1,900
8. 203
5. 607
2, 930

-n
12,958
808
4.571
4,355
2,512

10,879 i 10, 018
806 !
919
2,408
2, 148
3,906 I 3, 202
2.4U9 |

11,095
658
3, 763
3, 219
2, 554

12, 635
1,092
5, 342
2,856
2, 397

602
935
3, 783
1, 259

774
1,199
3, 323
1,294

990
1,612
2,641
1,527

843 i
660
1.804 I 1.417
2, G01 i 3, 546
1, 743
2,627

522
1, 284
4, 023
1,447

494
1.076
4,196
1,298

512
978
3, 047
1,345 i

. 098

.098

.088

.099

.093

.099

.110

.120

.111

.104

.113

.123

. 106

.093

.076

.093

.092

.110

.114

.122

.113

. 112

.118

.153

204
4, 918

205
3,850 |

753
5, 043

5,35i

363
6, 684

451
6,030

233
5,677

281
5,428

184
7, 307

7, 094

213
6,040

448
6,035

1,088
1, 634
3,496
2, 641

1,152
1, 512
3, 638
2,452

1,177
1,678
3, 707
2, 334

970
1.474
3, 200
2,222

1,161
1.678
3, 637
3,062

1,015
1,684
3, 329
2,871

1,079
1, 683
3.274
2,707

1,119
"1,8-8
3,593
"3,131

1,023
" 1, 749
3,652
0
3,090

1, 095
1,088
• 1, 808 » 1, 823
4, 038
4,184
< 2, 982 1 3,144
*

1,156
1, 872
3,970
2,859

97

.27

.28

.30

.30

.300

.297

.296

.298

.307

.319

.320

.320

"17,421

• 17, 905 * 18,288 " 18,236

' 18,152

.29
.320
' 14, 41G '14, £61

1

16,879
1,289
5,610
5,752
2, 549

.30 I

.37
.320

15, 261

• 16,121

16,837

10,321
« 4, 540

10,120
"5,141

10,037
« 6, 084

10, 253
" 6, 584

10,507
• 6, 914

10,830 "11,271
• 7, 075 "7,017

•11,394 "11.419 '11,447
" 6, 842 " 6, 733 « 6, 762

187, 068
119,189
67,879

10,291
« 4,155

226, 267
146, 879

192, 446
121,183
71, 263

209, 337
134, 592
74, 745

196, 371
131,082
65, 289

141, 377
86, 735
54, 642

141,124
74, 649
66, 475

177, 442
100, 424
77, 018

194,886
114, 880
80,006

72

77

49

40

55

92

• 18, 209

.342
18, 210
11, 536
6,674

LEATHER M A N U F A C T U R E S
Gloves and mittens:
Production (cut), total*
dozen pairs..
Dress and semidress*
dozen pairs..
Work*
dozen pairs..
Shoes:
Exports
thous. of pairs..
Prices, wholesale:
Men's black calf blucher,
5.50
Boston
dol. per pair..
Men's black calf oxford, lace,
4.15
St. Louis
dol. per pair..
Women's colored calf, Goodyear welt,
4.00
oxford, average
_dol. p e r p a i r . .
25,495
Production, totalf
thous. of pairs._
Men's!
thous. of pairs..
Boys' and youths'!
thous. of pairs_.
Woinen'sf
thous. of pairs.. —
Missses' and children'sf-thous. of pairs._|-Slippers, all types!
thous. of pairs i-Ali other footwear!
thous. of pairs.. --

90

187, 746
103, 353
84, 393
79

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.00

4.00
35, 624
8,616
1,757
15, 025
3,157
4,240
2,828

4.00
28,184
6,969
1,321
10, 564
2, 630
4,279
2,421

4.00
28, 709
7,634
1,512
8,804
2, 771
5,212
2,775

4.00
23, 852
6,939
1,252
6,147
2, 293
4, 827
2,394

4.00
23, 200
6, 563
1,194
7,746
2,401
2,892
2,404

4.00
33, 828
8,050
1,370
13, 563
3,610
2.618
4,617

4.00
30, 030
7,983
1,504
10,551
3,177
2,668
4,148

4.00
28, 544
7,587
1,479
9, 553
2,757
3,899
3,268

6,734
1,452
11, 844
2,647
3,333
2,383

4.00
29, 007
7,677
1,381
11,897
3,078
1, 734
3,239

4.00
30,107
7,567
1,273
12, 631
3,136
2,106
3,393

4.00
33, 584
8,136
1,384
13, 927
3,301
2,559
4,279

from noninspected slaughter held by State relief agencies constitutes an invisible addition to the visible supplies sh
z Revised, x Preliminary.
X Data ou production of sheep an 1 lamb and goat and kid leathers from 1927-34 have been revised. For revisions not shown on p. 41 of the April 1935 issue see p. 19
of the June 1935 issue.
A Government relief slaughter included for the period June 1934-February 1935. See p. 44 of the June 1935 issue for the figures, excluding relief slaughter.
For sheep
and lambs, relief slaughter only affected the dala for the months of September to December 1034.
§ Data revised for 1933. See p. 20 of the January 1935 issue.
4 See footnote on p. 37 of this issue. Imports revised for 1933, see p. 20 of the October 1934 issue.
* New scries: For earlier data refer to the indicated pages of the monthly issues. Leather production, p. 19, June 1933; leather stocks, p. 19, January 1935. New series
on gloves and mittens cover 234 identical manufactures as reported to the U. S. Department ol Commerce, Bureau of the Census. Data prior to July 1934 are not available. These data are not comparable with data through January 1934 previously shown.
! Revised series. For earlier data refer to the indicated pages of the monthly issues, Production of cattle, sheep, and lamb leather, p. 44, April 1934; imports of total
hides and skins, exports of upper leather, p. 43, June 1933; boot and shoe production for 1934, p. 45, March 1935. Production of asphalt for 1932, p. 58, November 1933.
• Data revised for 1933. See p. 20 of the September 1934 issue.




48

SURVEY OF CURRENT BUSINESS

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

1935

June

August 1935

1934
June

July ! August

1935

Septem-I October Novem- Decem- January)
ber
j
ber
ber

F

^u"

March

April

LUMBER AND MANUFACTURES
LUMBER—ALL T Y P E S
Exports (boards, planks, and scantlings)*®
M ft. b. m
National Lumber Mfgrs. Assn:A
Production, total*
mill. ft. b. m._
Hardwoods*
mill. ft. b. m . .
Softwoods*
mill. ft. b. m._
Shipments, total*
mill. ft. b. m_.
Hardwoods*
mill. fl. b. m._
Softwoods*
mill. ft. b. m_.
Stocks, gross, end of month total*
mill. ft. b. m_.
Hardwoods*
mill. ft. b. m_.
Softwoods*
mill. fi. b. m_.
Retail movement:
Retail yards, Ninth Fed. Bes. Dist.:
Sales
M ft. b. m._
Stocks, end of month
M ft. b. m . .
Retail yards, Tenth Fed. Res. Dist.:
Sales
M ft. b. m . .
Stocks, end of month
M ft. b. m._

61,883

62, 452

115, Ul

92, 933

1,350
264
1,086
1,145
217
929

1,117
199
918
1,035
191
844

1, 430
197
1, 233
1, 553
199
1,354

1,170
158
1,012
1,305
180
1,125

1.189
'157
1, 033
1, 275
192
1, 083

8, 462
2,224
6,237
10.629
67,104
2,701
28, 991

53, 879

8, 556
2,238
6,318

8,444
2,226
6, 218

8,265
2,203
6.062

8, 098
2,120
5,978

« 7,156
6, 574
' 67, 838 60, 754

8, 657
64, 388

10, 290
57, 614
2,801
26, 221

2, 083
27, 734

1,290
13, 643

2,103
27, 259

9, 251
61, 864
2, 278
26,' 548

104,126

93, 762 101, 200

89 276

67, 626

1,066
219
847
1,191
228
963

1,139
228
911
1,218
223
995

1 030
,

99£

1 126
,

1,241

7,698
2, 084
5, 633

7, 571
2, 057
5, 514

7,449
2, 061
5, 388

c

2S3

5, 06S

2, 738
63,831

3, 340
66, 738

5, 776
07, 415

« S, 180
« 69, 4 Of

1, 626
25,399

3,403
58, 442
15735
25, 584

1, 689
25, 895

2,317
26, 082

2 517
26,' 619

2.883
26, 78S

93, 860 106, 768

91, 728

974
131
844
1, 071
163

822
118
704
978
143
836

1,033
213
820
1,202
221
981

8, 004
2, 083
5,920

7,830
2,058
5,772

7,777
55,191

4,019
53,948

2.499
25, 929

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

M
M
M
M
M

ft.
ft.
ft.
ft.
ft.

b. m._
b. m_.
b. m__
b. m__
b. m__

4,311
5, 388
4. 347
4,692
21, 043

3,283
5,771
4,103
3, 573
20, 828

4,092
5, 606
2, 451
4,421
19, 059

4,072
5,148
3,326
4,279
18, 741

3,165
4,700
3, 529
3, 386
19, 582

3,395
4,149
4, 546
3,408
20, 832

2, 905
3,819
2,673
3,005
20, 286

2,669
3, 510
3,339
2,668
21, 001

4,122
4,561
3,366
3,302
21, 059

4,630
5, 831
3,440
2, 812
21, 508

2,886
5,151
3,894
2,929
22, 786

3,634
5,195
3,942
4. 148
22, 301

M
M
M
M
M

ft.
ft.
ft.
ft.
ft.

b. m_.
b. m__
b. m._
b. m_.
b. m . .

18, 622
9. 423
18, 108
17, 732
63, 375

6, 521
9,426
8,951
7, 965
63,375

6,937
8,764
7,301
7,713
64, 251

8,061
8, 241
8, 115
9,041
64,168

8,212
8,242
8, 579
9,003
63, 444

9,802
7,972
9,404
10, 095
62, 793

8,262
6,425
9,182
9, 533
63, 077

6, 246
5, 678
7,704
6,964
63, 614

9,939
6, 406
8,777
8,676
63, 302

12, 264
8,504
7,773
9, 015
61, 442

15, 889
10, 237
10, 245
14, 606
57, 061

13, 947
10,638
11,698
14, 438
53, 959

94
232
146
109
1,914
1, 682

98
228
116
94

105
229
101
101

94
223
105
94

101
229
98
105

109
227
113

1,940
1,712

1,959
1,730

1,901
1,737

39

36

37

450
414

452
415

96

93

Hardwoods
Hardwoods (Southern and Appalachian districts):
Total:
Orders:
New
mill. ft. b. m__
Unfilled, end of month, .mill. ft. b. m_.
Production
mill. ft. b. m_.
Shipments
mill. ft. b. m__
Stocks, total, end of month
mill. ft. b. m__
Unsold stocks
mill. ft. b. m__
Gum:
Orders, unfilled, end of month
mill. ft. b. m_.
Stocks, total, end of month
mill. ft. b. m__
Unsold stocks
mill. ft. b. m__
Oak:
Orders, unfilled, end of month
mill. ft. b. m__
Stocks, total, end of month
mill. ft. b. m._
Unsold stocks
mill. ft. b. m._

158
271
146
176
1,793
1,522
55
383
328

442
401

105

95

552
447

606
511

447

623
523

634
538

638
545

124
261
86
109

146
289
131
131

173
287
145
161

158
262
150
161

158
264
150
173

1,932
1,671

1,914
1,645

1,905
1,618

1,860
1, 593

1,842
1,578

49

59

58

54

48

441
403

432
383

429
370

421
363

406
352

392
344

97

106

95

109

100

108

648
542

644
549

644
536

627
526

575
467

43,911
25, 338

40, 708
18, 592

36
445
409

641
541

639
542

Softwoods

Fir, Douglas:
Exports: t
38,954
60,138
7,190
35, 959 40, 728 45, 325 39, 622
2,517
1,173
Lumber®
M ft. n. m__
26, 156 27, 565 30, 327
34, 513 29, 363 19,715
3,252
Timber
M ft. b. m__
577
426
Orders:
89, 530 143, 695 127,132 125, 789 124, 446 128, 923 141, 904
New 1
M ft. b. m._ 88, 634 83,710
Unfilled, end of month
M ft. b. m__ 185, 774 153,991 225, 167 131,161 136, 980 140,114 110,121 145,038 136, 085
Price, wholesale:
16.00
16.00
16.00
16.00
18.00 j 16.00
18.00
18.00
16.00
No. 1 common
dol. per M ft. b. m._
j
Flooring, 1 x 4 , " B " and better
34.00
34.00
34.00
34.00
34.00
37.00
37.00
34.00
30.00
dol. per M ft. b. m__
Productiont
M ft. b. m_. 66, 252 77, 443 69, 833 144,143 140.561 129, 370 122, 656 103, 407 110, 569
Shipments^
M ft. b. m__ 71, 624 68, 042 65, 804 162, 049 144, 590 113,703 123, 998 113,703 118,627
Pine, northern:
5,044
4,718
5,530
6,754
6,503
4,198
8, 794
5, 341
Orders, new
M ft. b. m._ 13, 355
1,014
667
8, 664
3. 266
608
5,189
11,266
Production
M ft. b. m._ 10, 169 11,134
5, 097
6, 902
5, 526
4,237
6,457
8,317 I 7,482
Shipments
M ft. b. m__ 13, 489
« Revised.
* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue.
production, shipments, and stocks.
t Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber.
• Data revised for 1933. See p. 20 of the September 1934 issue.
Data for June, August, and November 1934 and January and May 1935 are for 5 weeks; other months, 4 weeks.




3S,663
15, 623

140,114 151, 753 180. 850
153, 096 158,487 | 158,915
16.00

16. 00

16.00

34.00
144,143
149,067

34.00
145,038
141,009

34. 00
158, 467
170, 554

5,532
1.529
5,303

4,510
2,004
6,355

5, 813
5,511
5, 638

See special footnote below on lumber

49

SURVEY OF CURRENT BUSINESS

August 1935
Monthly statistics t h r o u g h D e c e m b e r 1931,
together w i t h explanatory footnotes a n d refere n c e s to t h e sources of t h e data, m a y b e found
i n t h e 1932 A n n u a l S u p p l e m e n t to t h e Survey

1935

1935

1934

June

June

I/wnhor 1
An-mcf ! b 8 r
Augubt | Septein-I October Novem- December
ber

July

March

January

April

May

LUMBER AND MANUFACTURES—Continued
LUMBER—Continued
Softwoods—C ontinued
Pine, southern:
Exports:
Lumber§
M ft. b. m__ 26,739
26, 604 26. 502
8,330
6,506
Timber§
M ft. b. m__
9,557
Orders:
New
M ft. b. m__ 116, 592 100, 863 90, 796
76, 325 77, 599
Unfilled, end of month
M ft. b. m__ 53,683
37. 43
38.02
Price,
flooring
dol. per M ft. b. m._
36.55
Production
M ft. b. m._ 109, 805 107, 606 99, 222
Shipments
M ft. b. m__ 129, 264 115,461
96, 295
Hedwood, California^
I
Orders:
New
M ft. b. m._ 23,704
15,834
17,958
Unfilled
M ft. b. m__ 40,142
32, 769 29, 534
Production
M ft. b. m._ 25,675
25, 880 20, 647
Shipments
M ft. b. m__ 24, 548 19, 402 18,156
FURNITURE
Household:
All districts:
Plant operations*
percent of normal..
Grand Rapids district:
Orders:
Canceled——.percent of new orders. _
New..
no. of days' production.
Unfilled, end of month
no. of days' production...
Outstanding accounts, end of month
no. of days' sales._
Plant operations!
percent of normal..
Shipments
no. of days' production..
Southeastern district:
Orders, unfilled, end of month
dol., average per firm..
Shipments
dol., average per firm..
Prices, wholesale:
Beds
1926=100..
Dining-room chairs, set of 6... 1926=100..
Kitchen cabinets
..1926=100..
Living-room davenports
1926=100..
Steel furniture. (See Iron and Steel Section.)

22,129
10, 082

26, 698
7,754

22, 884
9,474

23, 386
6,471

99,840 113,800 101, 585
62, 827 59, 678
58,987
34.99
34. 97
35. 03
102, 324 96, 490
97, 928
103, 908 114,402 108, 715

113,561
64, 366
34.77
98,961
113,913

21,169
6,367

19, 715
21, 576 21,311
8,243
4,937
8,652
72,842 106,173 102, 395 110, 449 117, 256
49.164
55, 707 55,898
62, 968
48,530
34. 55
34. 94
35.00
34.51
34. 49
103, 471 106,911
79, 258 99, 548 101,578
74, 603 102, 401 100,752 110, 283 112, 4S0

166, 280
70,774
35.38
106, 838
143,349

35, 521
33, 414
25, 342
29, 269

38,045
41,035
26, 326
30,353

7.0
10

24,851
7,450

23, 576
9,234

19, 704
24,946
25,930
25,444

21,168
21,930
25,449
23, 991

22.811
16, 873
28,215
25, 204

20. 424
16.868
26, 345
19,755

15,932
14, 604
21, 242
17, 934

27,009
24, 621
19,868
16,549

24, 380
29, 767
22,915
18,311

26,578
27, 717
22, 697
28, 328

32.0

35.0

39.0

42.0

41.0

42.0

39.0

39.0

43.0

47.0

7.5
6

7.0
7

5.0
9

5.0
8

5.0
9

6.5
10

6.0
10

13.5
5

3.0
16

4.5
9

6.0
9

8.0
7

9

9

5

13

14
40.0

15
19.0
5

15
22.0
7

16
24.0
8

17
25.0

18
25.0
10

16
34.0

15
32.0
7

16
31.0
7

17
34.0

17
39.0

17
36.0

14
34.0
7

26, 360
30, 821

40,317
46, 943

34, 759
63, 349

32, 674
60, 211

24, 284
64, 616

19,071
46, 721

22, 070
31,311

71.5
90.1
87.5
79.4

71.5
90.1
87.5
79.4

71.5
90.1
87.5
79.4

71.5
90.1
87.5
79.4

71.5
90.1
87.5
79.4

70.9
90. 1
87.5
76.6

68.4
90.1
84.1
76.6

68.4
90.1
87.5
76.6

68.5
89.9
81.9
76.6

86.0
76.6

68.5
89.9
86.0
76.6

68.5
89.9
86.0
76.6

262, 740 228, 537
22, 784 28,905

323,035
21,409

205,336
28, 786

286, 599
47, 719

32.54

32.36

32. 29

32.35

2,467
95

2, 583
95

2,360
113

2,467
108

119
180

2,208
1,020

86.0
76.6

10

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports§
long tons..
Imports*#
long tons..
Price, iron and steel, composite*
dol. per long ton..
Ore
Iron ore:
Consumption by furnaces
thous. of long tons..
Imports#
thous. of long tons..
Receipts:
Lake Erie ports and furnaces
thous. of long tons._
Other ports
thous. of long tons..
Shipments from upper Lake ports
thous. of long tons..
Stocks, total, end of month
thous. of long tons__
At furnaces
thous. of long tons..
Lake Erie docks
thous. of long tons__|
Manganese ore, imports (manganese content) • J
thous. of long tons__

289,647
33,208

219, 406
24,858

233,186
17,676

242,947
32,418

301, 330
23,847

220,209
20, 202

299, 263
35, 272

282, 655
19, 708

32.42

32.96

32.32

32.24

32.15

32.10

32.15

32.39

2,199
158

2,721
188

1,600
196

1,444
154

1,236
77

1,306

1,298
79

1,506
73

3,002
1,084

3,118
1,151

3,362
1,090

3,092
1,147

2,343
1,025

1,761
960

421
257

0
0

4,242

32.58

400

3,504

32, 027
27, 004
5,023

29, 558
24,690
4, 868

26, 932
22, 362
4, 569

24, 817
20, 644
4,173

25, 325
21, 203
4,122

44,568
43, 400
50.8
41,182

41, 225
41, 377
49.9
37, 650

40, 237
42, 808
52. 0
42, 975

37, 394
42, 035
51. 1
46, 090

31,136
34, 729
41.1
37, 573

37,615 54,605
69
90

56. 005
96

57, 295
93

53, 555 !
97 |

54, 465
97

18. 00
18.94

18. 00
18. 94

18.00
18. 94

18.00 !
13. 94 |

18. 00
18. 94

20. 39
1, 477

20. 39
1, 609

20. 39
1, 770

20 ?9

20. 39
1,727

4,461

4,432

4,162

3,439

2, 641

484

0

27, 002
22, 841
4,161

27, 004
« 22, 661
4,343

20, 961
25, 461
4,500

32,713
27, 858
4,856

34,914
29, 713
5, 201

36, 341
31, 056
5,285

35, 874
30, 625
5,249

34,373
29, 218
5,155

11

48

30

13

11

7

25, 668
27, 548
33.5
31, 905

24, 499
28, 340
33.4
31, 607

21,862
23, 388
27.6
27, 591

21,306
23,910
27. 8
25, 784

19, 511
21. 541
25.6
20, 360

18,785
25, 317
30. 3
21, 683

28, 530
28,515
33.5
21,615

36, 505
32, 746
38.7
29,593

49,180
91

48,190
89

35, 585
75

31,295 ! 28,214
62
62

31,310
65

29,305
59

18. GO
IS. 90

18.00
18. 94

18. 00
18.94

18. 00
18.94

18.00
18. 94

13. 00
18.94

18.00
18.94

18.00
18.94

20. 39
1,553 I

20.39
1, 930

20. 39
1,225

20. 39
1, 054

20. 39
S98

20. 39
951

20. 39
957

20. 39
1, 028

a

Iron, Crude and Semimanufactured
Castings, m-tllcibie.*
Orders, ne\V
short
Production
short
Percent of capaci !y
Shipments
short
Pig iron:
furnace- in \>\ i-t, end of month:
'^uvieinlong tons per

>b

tons..
tons..
tons..

i

day—

i'r!»'(^. v\ h los^1* :
B.isiy (\« Hoy hi'n .<-e).dol. per long ton__
«'' nips'sitc viv iro.j
dol. per long ton__
Poutadry, no. 2. n o r t h e r n (Pitts.)
. I
dol. per long ton._!
P r iuctioii
t h o u s . of long t o n s , . !

l,G03 I

* New series. Data o n furniture activity, all districts, prior to April 1933 not p u b l i s h e d . F o r i m p o r t s of iron and steel, see p . 20 of t h e N o v e m b e r 1932 issue; for m a l l e able casTi!!{:*>, p . 20 of t h e April 1933 issue. N e w series on iron a n d steel composite price w a s s h o w n e n p . J9 of t h e J a n u a r y 1935 issue.
§ ])'i-a revised for 1932. For revisions, see p . 45, exports of s o u t h e r n p i n e l u m b e r a n d t i m b e r , a n d p . 45, iron a n d steel, of t h e J u n e 1933 issue. D a t a revised for 1933;
see p . 'JO of t h e S e p t e m b e r 1934 issue.
t R e v i s e d . D a t a prior to April 1933 not p u b l i s h e d .
t Bi'iniming w i t h J a n u a r y 1934 the report includes all k n o w n operators. Prior to this t i m e a p p r o x i m a t e l y 89 percent of t h e listed capacity was included.
• I m p o r t s from C u b a not included.
# See footnote on p . 37 of this issue. D a t a revised for 1933; see p . 20 of t h e October 1934 issue.




50

SURVEY OF CURRENT BUSINESS

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

1935
June

August 1935

1934
June

j July

1935

Se

N

August ! P^m-j October j ^

m

' |

D

^ - j Januaryj

March i April | May

METALS AND MANUFACTURES—Continued
IRdN AND STEEL-Continued
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range:f
Orders:
New
number of boilers..
Unfilled, end of month, total
number of boilers-_
Delivery, 30 days or loss
number ofy o'lers.Delivery, more th n n 30 diys
number of boilei^..
Produetion
Mini her of boileis_Shipments
n u ^ ^ r of boiV~s_.
Stocks, end of morth-iiiuji x r of boiler* Boilers, round:
Production
'l.^ip Lf}h _
Shipineii ts
thous. of lb_ _
Stocks, end ofmon'h...
^lous oflb_.
Boilers, squire:
Produc t ioa
thous > -f 1b__
Shipments
thous. of lb_.
Stoeks. end of month
thous. <,f lv)_Boiler fittings, cast iron:
Production
short t^.s..
Shipments
short tons - Boiler fittings, malleable:
Production
short tons._
Shipments
short toi s._
Radiators:
Production
thous. of sq. ft. heating surface. _
Shipments
thous. of sq. ft. heating surface. Stocks, end of month
thous. of sq. ft. heating surface..
Radiators, convection type:*
New orders:
Heating elements only, without cabinets or grilles
thou. of sq. ft. heating surface t —
Heating elements, including cabinets
and grilles
thou. of sq. ft. heating surface {..

10G, 7G6

36, 006

55, 291
f4,-,91

57, 5G6

44, 906

OS,10G

12, 724 j 10,195

9, 740

16,329

19, 357

S,

9,150

51,734 i 64,211

9,993

11,818

l i , S73

9, 49?

9. 3 "5

16,329

19,357

703

[8
'5
50, '.73

0
40, 337
37, 471
35, 440

0
63, 879
G4, 904
30, 413

0 !
57,294

4,r,9i I
5 3^0 I
3, 626

3, 233
2, 6G6
32! 826

3, 850
2, 494
34, 221

G95

2, OPS
C4, 711
33,ISO
3-t, 90:

4,4^7
2,710
41,917

1 1 Hi
1,29 >
?>)
i 37, 73"
710 ! 35, 751
•J ] ^ ij i
33. S"3

3,342
2, 30 i
41, ' 14

2. m i
2, 592
44. 73l)

15.
H),
12-1. O

45,375 i
10 CP3

'')! 740
', •% °19
5, 7r2

3. l ,v6
P 25^

4, : & : .

4. 571
44, ^37

42, 0 V)

3,586

3.3.3

3,914
4, e l

2 2ts°

2'. i45
3,964

3. 483

4,282 !

3,462

3,197

3,136

I

36,753

33, 537

33,867

56

52

148

122

128

222, 872
223, 461
383, 557

156,270
150,739
383,161

205.380
211,005
375, 376

217. 88

218.16

C.015
.",043

5, 9^5
p] 027

2. l"-0

4,742

19, 7S3 I
10, 3"3 I
9G, 933

2,174

2, 873

,., j
,-,

1", SIS
34.1*5
Oo, 3.9

4, G55

4.C21

37! ] £

15,030
25, 20^
1 ! i,710

11,652
11,172
r i, 114

53,897 j 46,
15,892 j 12,
15,892 I 12

320

55,0&3

80,G4n

723

12,052

32,319

7r/3

12,0c2

32,319

0
51,891
49, 4*9
32, 777

0
51, 0o2

0
61, 771
('0. 378
20, 458

I

36! 375

23', 065

4, 34S
4, 004
4.311 I
2, 102
2,115
36,500 i 38,090
1
15,917
16,858
10,4(19
10. 0G2
9, 275
6, 964
9, 241
108,115 I 117,911
12G,053 I 136,149

16, 457
10,G04
101,340

4.298
3, 000

4, G90
4, 750

4,190
3, 865

3.601 i
3,420 !

3, 7P0
3, 955

3, 870
4, 271

2, 992
1,914

2 £33 i
2, b90

13,009
13,430
96, 554

3, 153
3, 205

3.181
2,704

3,114
2,582

2,729
3,274

3,228
3,014

4,680

5,208

3, 632

4,679

4, 343

4,648

4, 602

5, 304

6, 262

9,282

6, 456

4, 482

3 117

2,787

2,023

2,366

2,835

30,885 | 26,517

32,969

4,011 |

25, 473

24, 786

26,178

27, 845

30. 56S

32, 891

35.. 3S8

62 I

44

94

124

115

48

46

49

178 1

158

196

131

182

87

106

153

202, 354
195,289
370,036

267,293
271, 912
358, 472

78, 640
75,147
374, 749

120,821
119,171
367, 593

208.732
174.640
370, 588

Sanitary Ware
Bathroom accessories: f
Production
number of pieces.. 245,378
Shipments
number of pieces._ 228,069
Stocks, end of month. ..number of pieces., 370,180
l b i
t l )
Plumbing b
brass. (S N f
(See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars.. 198. 32
Porcelain enameled flatware:
Orders, new, total
dollars.. 760, 743
Signs
dollars.- 274,078 s
Tabletops
dollars.. 164,808
Shipments, total
dollars.. 773,531
Signs
dollars.. 264,896
Tabletops
dollars—| 174,671
Porcelain plumbing
fixtures:
1
Orders:
j
New, net
number of pieces..! 2,101
Unfilled, end of month
number of pieces.-j 4,122
Shipments
number of pieces._i 2,417
Stocks, end of month
number of pieces.. 10,600
Vitreous-china plumbing fixtures: t
Orders:
New, net
number of pieces.. 161,199
Unfilled, end of month
number of pieces.. 191,060
Shipments
number of pieces.. 187,981
Stocks, end of month...number of pieces.. 381,675

218. 91
736,858
206.811
107, 398
826, 975
307,511
116, 601

594,146
719,146
30G, 403
226, 883
145,494
110,079
740,802
738, 400
304,752 I 332,917
106,273 I 145,001

349.072
328. 010
376,512

211.

143,483
133, 574
371, 499

26

207. 03

206.89

636. 811
193, 716
I 220,279
| 652.158
I 232,206
I 195,541

713,141
248.598
178.245
764, 436
2G9, 665
205,059

5G3,137
180,523
133,900
583, 5G7
199, 652
131,993

75, 310
64, 305
363,755

50

206.07

525, 540
193, 535
111,188
530.050
204, 527
106, 772

689,715
318,343
149, 384
594, 427
219,672
152, 409

206.

121,190
111,005
369, 605

202.

61

200. 86

68

199.50

692,358
829,084 j 900,388
235,427 i 223,860 j 255! 477
212.598
153,431
181,437
637,165 I 864,145
900, 828
190,316 j 278,110
265,137
142,380
167,296
213, 646

199.

888, 888
279,016
208,213
865, 904
283,524
189, 044

i

1,722

1,785

2,723 |

2,017 !

2,427 I

2,582

1,269

1, G20

1.013

2, 641

2, 904

2,322

4,552
1,769
10,981

4,390
1, 954
10,762

4,333 !
2,542 i
9,626 j

3,854 I
2, 198 I
8,847

3,298
2,771
7, 873

3, 667

3,020 !
1, 300
9, 703

2,978
1,509
9,660

2,720
1, 236
9,960

3, 535
1,790
9,917

4, 553
1.722
10,710

4,506
2, 309
10, 688

130,757

111, 496

130,449

139,012

258,657

183, 982

234, 350

183, 281

301,

105, 208
114,027
692, 644

98, 924
117, 780
676 061

020
122 353
656 033

113,991
132, 041
615, 467

165, 687
206,961
519,867

183,152
166,517
482, 685

283, 202
134,300
489, 729

262, 363
204,120
426, 570

369,128
195, 160
380, 756

107,

2,110
7, 610

Steel, Crude and Semimanufactured

925

243,

I

j

296

374,217
238, 207
316,705

042

127, 764

308,912
229, 347
297,971

217.842
218, 834
333. 240

164,

Bars, steel, cold finished, shipments
31,903
31,972
31, 783
14, 304
24,049
29, 640
29, 940
17, 923
34,080
18,130
17,622
18, 500
short tons.. 25,600
Castings, steel: * A
32, 349
27, 312
29, 083
41,537
21, 552
30, 723
28, 233
41,822
20, 030
24, 327
31, 725
25,53S
Orders, new, total
short tons.. 30,257
27.1
16.3
24.4
26. 5
23.7
26.7
17.4
12.8
15.5
26.6
25.8
Percent of capacity
254
13.8
6,835
4, 779
4,322
22, 407
10,408
,697
4,417
5,538
5,490
7,959
8,128
Railway specialties
short tons..
6,480
4,283
29.035
31,952
30, 646
43.748
31,816 I 29,142
29, 687
46,182
23, 916
50, 268
25, 799
31,940
Production, total
short tons... 27,665
24.3
2G. 8
25. 7
24.9
29.5
20.0
18.6
15.3
32.1
26. 8
Percent of capacity
232
27.9
16. 5
6,052
6, 731
4,867
6.181
17,741
11,152
9,309
5,142
18,904
7, 585
17, 661
Railway specialties
short tons,.
5,443
7,218
Ingots, steel:§
a
2, 863
« 2, 636
«2,641
Production
thous. of long tons..| 2,231 « 3, 059 « 1, 489 * 1. 381 « 1, 269 i « 1, 482 a 1,611 |a 1, 9G4
48
53
44
23 I
27
23
25
°36
Percent of capacity
!
40
a
Revised.
* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior to
January 1932 not published. Steel castings, see p. 20 of the October 1934 issue.
t In equivalent direct radiation.
f Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue. Data on vitreous china
plumbing fixtures revised starting January 1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue.
A Steel casting series revised January 1935 by the increase of the number of companies from 164 to 180; comparable data not completed for 1934 and earlier years. Figures
for 164 companies in January 1935 were new orders, total 31,816 percent of capacity 20.3; new orders, railway specialties, 6,835; production, total, 28,519, percent of capacity
18.2, production, railway specialties 6,052.
§ For 1932 revisions see p. 46 of the July 1933 issue, for 1933, p. 47 of the August 1934 issue. Data for the year 1934 also revised. Revisions for production January 1,997:
February, 2,212; March, 2,798; April. 2.936; and May, 3,399; percent, January, 34; February 42; March, 47; and May, 57.




sl

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

51

SURVEY OF CURRENT BUSINESS

August 1935
1935

1934

1935

June

Septem- October Novem- DecemJanuary Februber
ber
ary
ber

March

June

July

August

April

May

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Stee!, Crude and Semimanufactured—
Continued
Prices, wholesale:
Composite, finished steel
dol. per lb_.
i Steel billets, Bessemer, Pittsburgh
dol. per long ton..| 27.00
Structural-steel beams, Pittsburgh
|
dol. per lb_-| .0180
Steel scrap, Chicago._.dol. per gross ton.9.9"
U. S. Steel Corporation:
Famines, net
thous. of dol__
Shipments, finished products*-Jong tons~

0 C2A

StccI, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month...number..
Production
number..
Percent of capacity
Sh i pmont s
number. _
Stocks, end of month
number..
Boilers, steel, now orders:
Area
thous.ofsq.ft._
Quantity
number of boilers..
Furniture, steal:
Business group:
Orders:
New
thous. of dol..
Unfilled, end of month..thous. of dol__
Shipments
thous. of doL.
Shelving: A
Orders:
New
thous. of doL.
Unfilled, end of month--thous. of dol..
Shipments
thous. of dol._
Safes:
Orders:
New
thous. of dol_Unfilled, end of month..thous. of dol..
Shipments
thous. of dol..
Lock washers, shipments
thous. of dcl.Plate, fabricated steel, new orders, total
short tons..
Oil storage tanks
short t.ons..
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short tons. _
UTIfilled, end of month
short tons. Production, total
short tons_.
Percent of capacity
Phiornents
short tons. _
Stocks, end of month, total
short tons..
U nsolri stocks
short tons. _
Tin and terneplate:*
Production
thous. of Ions? ton:
Track work, production
short tons._
MACHINERY AND APPARATUS
Air-conclitioning equipment:f
Orders, new, total
thous. of dol. _
Air-washer group
thous. of dol__
Fan group
thcus. of
Unit-heater group
thous. of
Electric overhead cranes:
Orders:
New
thous. of doL_
Unfilled, end of month
thous. of dol__
Shipments
thous. of do]._
Electrical equipment.
(See Nonferrous
metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
New
1922-24 = 100. _
Unfilled, end of month
1922-24 = 100_.
Shipments
1922-24 = 100..
Fuel equipment:
Oil burners:*t
Orders:
New
no. of burners. _
Unfilled, end of month_no. of burners. _
Shipments
no. of burners. _
Stocks, end of month
no. of burners..
Pulverized fuel equipment:
Orders, new, storage system:
Furnaces and kilns.no. of pulverizers.. •.
Water-tube boilers.no. of pulverizers. J
Orders, new, unit system:
!
Fire-tube boilers
no. of pulverizers. _
Furnaces and kilns.no. of pulverizers. _
Water-tube boilcrs.no. of pulverizers. _
* New series. For earlier data see p. IS of the January 1934 issue, Unit;KI States Steel Corporation shipments and p. 20 of the December 1932 issue for tin and terneplateCurrent oil-burner series available only back to January 1933 are bfssd on reports from 149 concerns; SGG p. 48 of the May 1934 issue for 1933 data.
t Revised series. Data on air-conditioning machinery, oil burners rev isod stirtini Januiry 1933; see footnote on p.*48, April 1935 issue. The revisions for 1933 will
be shown in a subsequent issue.
A Revised data on steel furniture .shelving for years 1932, 1933, and 19: will be shown in a subsequent issu^
'31




52

SURVEY OF CURRENT BUSINESS

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

1935
June

August 1935

1934
June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

May

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Fuel equipment—Continued.
Stokers, mechanical, new orders: 1
Class 1, residential
number. _
Class 2, a p a r t m e n t and small commercial
number. _
Class 3, general commercial and small
commercial heaters
number. _
Class 4, large commercial:
Number
Horsepower
Machine tools: A
Orders:
New*
avg. mo. shipments 1926=100__
Pumps:
Domestic, water, shipments: \
Pitcher, hand, and windmill
units..
Power, horizontal type
units..
Measuring and dispensing, shipments:
Gasoline:
H a n d operated
units..)
Power
units., j
Oil, grease, and other:
|
H a n d operated
units__j
Power
units., j
Steam, power, and centrifugal:
|
Orders:
New
thous. of dol._
Water-softening apparatus, shipments^
units..
Water systems, shipments t 1
units..
Woodworking machinery:
Orders:
Canceled
thous. of dol._
New
thous. of d o L .
Unfilled, end of m o n t h
thous. of d o l . .
Shipments:
Quantity
machines..
Value
thous. of dol—

2,417

1, 215

1, 270

2, 678

4,636

5,077

2,761

2,125

1,241

1,113

956

1,046

100

140

141

289

429

458

265

210

147

107

84

83

55

60

78

133

188

177

142

90

61

48

37

33

180
34,721

172
34, 679

200
44,100

241
43, 893

287
41, 987

292
46, 623

205
39, 767

167
28,199

139
24, 339

105
21,164

106
24, 256

120
32, 241

91.1

35.3

34.7

41.4

36.2

43. 9

52.4

66.1

65.5

53.0

62.3

65.8

29,859
908

39,152
785

36, 771
971

39, 552
910

26,022
696

25,127
732

21, 702
545

31,151
541

38,482
615

36, 433
690

30, 601
788

35, 432
726

672
4,451

773
2,712

488
3,193

620
2,630

538
1,867

611
2, 240

563
2,306

419
1,794

366
2,501

445
3,002

671
3,651

644
4,874

7,433
651

5,526
579

5,242
488

5,092
614

4,860
614

5,942
766

5, 591
422

4,490
339

6, 069
485

5,133
442

4,503
607

6,753
901

538

703

541

580

637

663

615

630

698

777

897

798

535
10,989

360
9,740

304
7,056

344
5,204

383
5,270

440
5,574

321
5,570

350
4,632

420
6,363

395
6,679

509
7,531

552
10,799

5
284
463

3
237
233

2
252
297

5
262
312

1
172
241

4
222
228

4
243
249

4
244
247

1
312
313

10
302
340

4
434
441

13
311
426

185
268

123
220

127
186

148
239

199
242

152
227

114
214

114
236

131
241

167
267

151
304

168
318

13,394
. 1003
.1003
2, 262
2,262
643
643
1,819
1,819

13,249
.0938
1,989
1,989
553
553
1,435
1,435

12,985
.0907
1,856
457
1,400

14,463
.0888
1,653
1,653
380
380
1,273
1,273

16,749
16, 749
.0923
1,808
1,808
444
444
1,364
1,364

14,130
.1049
.1049
1,726
1,726
398
398
1,327
1,327

12, 587
12,587
.1097
.1097
2,164
2,164
541
541
1,622
1,622

19,211
.1251
.1251
2,401
2,401
408
408
1,993
1,993

7,191
7,191
.1225
.1225
2,139
2,139
461
461
1,678
1,678

10, 716
10,716
.1213
.1213
2,281
2,281
535
535
1, 746
1,746

18,010
.1227
2,296
520
1,776

30,721
23, 226
23,226
23, 221
23,221
. 0859
.0859

25, 324
25,324
14, 780
14,780
14, 724
14,724
.0878

24,279
16,565
15,048
.0878

24, 476
24,476
12, 236
12,236
10, 895
10,895
.0S78

29, 784
29,784
22,817
22, 817
19,131
.0878

28,675
28, 675
18,486
18, 486
17,286
17, 286
.0878

23, 648
23,648
15,152
13,922
.0878

22,739
15,110
13, 834
13,834
.0878

24, 869
24,869
22,913
22,129
.0878

26, 393
26,393
20, 884
20,884
19, 546
19,546
.0878

27,446
10,734
15,626
.0878

21, 803
21,803
5,082

22,304
22, 304
1,518
1,518

26,080
2,238

26, 713
26,713
3,901
3,901

25,218
25, 218
1,183
1,183

23,211
23, 211
1,792
1,792

25,563
25, 563
4,767

27, 644
27,644
4,536

25, 510
25,510
1,981
1,981

25,892
4,229

27,283
3,452

1,662
1,662

1,719
1,719

1,587

2,055

2,726

797

851

3,002

1,464

443

. 0398
.0398
29, 695
29,695
28, 276
28,276
238,181

.0377
27,354
29,479
240,595

.0375
22,999
33,600
234,312

. 0369
.0369
27,070
36,018
230, 219
230,219

.0365
31, 243
31,243
35,943
229,859

. 0357
.0357
29, 755
29,755
31,762
232,934

.0360
32, 500
32,500
34, 680
34,680
235,457

.0369
26, 350
26,350
33,695
229, 675
229,675

.0353
25,103
32, 523
32,523
224, 638
224,638

.0358
30,118
28,973
228, 530
228,530

1,320
1,320
3,850
3,231
3,231
.5149
.5149

1,440
1,440
2,925
2, 925
3,148
3, 148
.5093
. 5093

1,290
1,290
4, 845
4,845
3,859
3, 859
.5122
.5122

1, 400
1,400
4, 530
4,530
1, 478
1,478
. 50S7
.5087

2,100
2,100
4,600
4, 023
4,023
.5087
. 5087

2, 450
2,450
3,905
5, 196
5,196
.4996

3,100
3,100
5, 495
5,495
8, 612
8,612
.4691
.4691

3,260
5,825
5,231
.5010

NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite*
long t o n s . .
16,670
Price, scrap, cast (N. Y.)
dol. per lb
B a b b i t t metal: P r o d u c t i o n . . . t h o u s . of l b . .
2,167
For own use
thous. of lb—
601
Sales
thous. of I b . .
1,565
Copper:
Exports, r e f i n e d § •
short tons._
27,252
Imports, total§#
short t o n s . .
16,492
Ore and blister
short t o n s . .
15,754
Price, electrolytic ( N . Y.)
dol. per lb_.
.0863
Lead:
Ore:
Receipts in U. S. ore
short t o n s . .
Shipments, Joplin d i s t r i c t . . . s h o r t t o n s . .
889
Refined:
Imports*
short t o n s . .
771
Price, pig, desilverized ( N . Y.)
dol. p e r l b . .
.0402
Production
short t o n s . . 29,332
Shipments, reported
short t o n s . .
26,978
Stocks, end Of month
short t o n s . . 231,077
Tin:
Consumption in manufacture of tin and
terne plate*
long t o n s . .
2,280
Deliveries
lonsrtons...
4,615
Imports, bars, blocks, etc.#
long t o n s . .
5.320
Price, straits (N. Y.)
dol. p e r l b . .
.5107
Stocks, end of month:
World, visible supply
...long tons..
14,275
United States
Ions; t o n s . .
5,467
Zinc:
Ore, Joplin district:
Shipments
...short tons..
23,013
Stocks, end of month
short t o n s . .
23,725
Price, slab, prime, western (St. Louis)
dol. p e r l b . . .
.0430
Production, total (primary)§..short t o n s . .
34,677
Retorts in operation, end of m o - . n i i m b e r . .
33,836
Shipments, total§.__
short t o n s . .
29,393
Domestic!
short tons... 29,393
Stocks, refinery, end of month§_shorttons._ 112,909
Conduit, nonmetallic, shipments
thous. of ft
Delinquent accounts, electrical trade. (See
Domestic trade.)

.0369
29,857
4.0,922
220,043

2, 330
2,330
3, 845
3,845
4,242
. 5122
.5122

1,240
1,240
3,575
4,900
.5192
.5192

17, 251
17,251
5, 094
5,09-1

16,313
6.461
6,461

15,494
4,968

15,386
15, 386
4, 243
4,243

16,475
16, 475
4,998
4, 998

15,094
4,048

13,698
2, 638
2,638

14.694
14,694
2,581
2,581

19,652
3,571
3,571

19,416
4,531
4,531

16,614
4,295

34,934
21,788
21, 7S8

11,820
11, 820
13,368
13, 368

27,686
16,992

31,782
21,290

21.203
21. 203
17,337
17, 337

23,003
23, 003
20,574
20, 574

38,827
38, 827
17,600
17, 600

26, 257
26,257
15, 263
15,263

32, 264
32,264
17, 649
17,649

38,026
38, 026
21,933
21, 933

28,751
26,552

.0424
25,160
31,284
30,217
30,169
99, 672
99,672

.0432
24,756
30, 324
30,324
26, 966
26,966
26, 966
26,966
97, 462
97,462

.0428
26,169
30,442
2J.663
21,663
101,968

.0405
. 0405
26, 515
26,515
31,352
21,913
21,913
106, 570
106,570

.0383
. 03S3
34,527
31,964
30,294
30, 294
30.294
30. 294
110, 803
110,803

.0373
. 0373
34,977
34, 977
32, 793
32,793
29,928
29,875
29, 875
115, 852
115,852

.0371
. 0371
35, 981
35,981
32, 944
32,944
32, 003
32,003
32. 003
32.003
119,830

.0373
35, 218
35,218
32, 658
32,658
35, 538
35,538
35, 538
35,538
117, 685
117,685

.0371
.0371
33, 494
33,494
33, 210
33,210
34, 903
34,903
34. 870
34,870
116, 276
116,276

, 0389
,0389
36, 667
36,667
35, 196
35,196
41,137
41, 137
41,137
111,806

1,551
1,551

1, 426
1,426

1,575

1,609
1,609

1,810
1, S10

1,142
1,142

1, 895
1,895

1,583
1,583

2,139
2,139

1,7S0
4,045
2,826
.5195

1,692
1, 692 |

.0403;
35,331 i 34,597
33,719 I 32,389
33,460 ! 35,052
33,457 i 35,029
108,680 j 107,625
2,605;.

° Revised.
A Series covering shipments and unfilled orders temporarily discontinued.
* New series; for earlier data, see p . 20 of the December 1932 issue, tin and terneplatc; p . 20 of the July 1934 issue for machine tools (incl. forging equipment).
t Present series on water systems now cover 52 companies.
® Data on exports revised for 1933; see p. 20 of the September 1934 issue.
§ Data for 1932 revised; for revisions see p . 48 of the June 1933 issue, exports of refined and total imports of copper. For 1933 revisions on zinc, see p . 49 of the January
1934 issue; for 1934 revisions see p . 49 of the February 1935 issue.
# See footnote on p . 37 of this issue. D a t a for 1933 revised; see p . 20 of the October 1934 issue.
% Revised series on domestic p u m p s and water systems starting January 1934; see p. 49 of the April 1935 issue; mechanical stokers, see p 48 of the April 1935 issue.
New series on water-softening apparatus revised starting January 1933; revisions for 1933 will bo shown in a subsequent issue.




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

53

SURVEY OF CUERENT BUSINESS

August 1935
1935
June

1934
June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

May

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Electrical Equipment
Furnaces, electric, new orders
kilowatts..
Electrical goods, new orders! (quarterly)
thous. of dol_Laminated phenolic products, shipments
dollars
Mica, manufactured:
Orders, unfilled, end of month
thous. of doL.
Shipments
thous. of doL.
Motors (direct current):
Billings (shipments)
dollars..
Orders, new
dollars..
Panel boards and cabinets, shipments
thous. of dol__
Porcelain, electrical, shipments:
Special
dollars..
Standard
doll ars..
Power cables, shipments
thous. of ft..
Power switching equipment, new orders:
Indoor
dollars—
Outdoor
dollars. _
Reflectors, industrial, sales
units._
Refrigerators, household, sales* number..
Vacuum cleaners, shipments:
Floor cleaners
number..
Hand-type cleaners*
_ number. Vulcanized fiber:
Consumption
thous. of lb__
Shipments
thous. of del—
Welding sets, new orders:
Multiple operator
units—
Single operator
units—

783

484

134,588

128,034

479

643, 770

804,870 i 667,198

542

3,284

1,519

53
114

106
260, 355
207, 654

2, 844

2,212

2,096

2,218

1,586

121,814

523,025

604, 610

698, 402

50,943

845, 020

888,705

816, 314

46
62
99 |
84 !
106
i
297,734 ' 209,308 I 262,947
243, 700 242,528 j 306,879

64
116

103
114

108
1S3

105
154

99
164

100
160

150
166

271, 758
322S 851

276, 173
468, 192

285,191
396,301

464,835
476, 841

401,708
433,141

211

328

51, 359
21, 539
363

53,523
22,383
337

49, 371
24, 691
470

27,611 ! 22,920
90, 477 125, 838
46, 681
44, 666
190, 003 120, 846

984
118, 397

585, 565

695, 382

204

30,180
222,920
G2, COS
'161,481

1,163
100, 334

335, 307
366, 613

100
158 !

1,150

561, 273

207

227

218

39, 351
23 509
* 220

56, 099
27,263
277

49,073
27, 585
223

45, 189
20, 723
380

47,771
34, 649
320

45, 045
36, 728
107,437 113.002
50,746 | 48,256
79,195
39,149

35, 322
96, 646
56, 021
29,567

37,442
91,908
53, 255
28,718

27, 855
72, 974
48, 678
71, 477

30,
78,
61,
97,

i
262 !

259

58,575 |
24,561
448

68,473
27,898
374

48,031
34, 500

58, 093
24,353
302

214
993
344
421

29, 080
72, 425
51,956
121,636

220
81, 570
54, 746
213, 464

54, 441
88,521
56,038
266, 931

35, 308
161, 634
66,466
244, 602

58,701
22,521

50. 348
20, 014

40, 065
12,025

50, 211
18, 097

63, 936
21, 758

67,414
20, 384

68,866
21, 838

71, 307
23, 920

60,180
18,744

75, 582
22, 872

90, 693
29,231

79,330
31,219

73,086
27,321

1,716
363

1,833
451

1,839
316

1,552
329

1,333
270

1, 306
315

1,053
267

990
270

1,381
434

1,431
400

1, 835
430

1, 819
425

1, 871
434

2
292

1
241

371

5
273

3
368

1
277

3
487

1
497

0
413

4,317

3,757

4,106

3,919

3, 688

4, 959

5, 014

5,69S

4,620

Miscellaneous Products
Brass and bronze (ingots):®
Shipments and deliveries
net tons— 4,111
Brass, plumbing:
Shipments*
number of pieces.. 993,654
.143
Brass sheets, wholesale price, mill_dol. per lb__
Copper, wire cloth:
Orders:
411
New
thous. of sq. ft—
472
Unfilled, end of month-.thous. of sq. ft—
376
Production.
thous. of sq. ft—
375
Shipments
thous. of sq. ft..
801
Stocks, end of month
thous. of sq. ft..

4,941

3,260

5, 338

740, 222
.144

693,979
.145

707,156
.145

708, 694
.145

960,463
.145

849,415
.144

758, 548
143

997, 797
.143

238
461
343
401

282
423
281
300
718

369
393
382
380
696

292
407
331
273
747

417
441
357
371
735

337
428
333
326
742

329
479
317
281
743

404
411
393
435
694

933,266 «1,045,820 1,061,366 1,000,624
. 143 I
. 143
.143
. 143
369
462
374
357
708

404
448
417
377
714

351
467
383
367
742

398
443
424
373
797

PAPER AND PRINTING
WOOD PULP
324, 473 311,543 338, 873 317, 730 360,177 347,711 329,961 376, 632
Consumption and shipments* short tons—
100, 309 89, 473 93,471
88, 610 99, 382 94,499
Ground wood*
short tons. _
98, 815 103,616
87,992 87, 922 95, 241 90,069 107,943 102, 503 91, 782 111, 376
Sulphate*
short tons—
104, 795 104, 267 117, 663 110,104 119,965 119,475 112, 674 128, 091
Sulphite total*
short tons..
62, 309 63, 985 69, 562 60, 029 69, 767 70, 398 62, 476 75, 980
Bleached*
short tons—
42, 486 40, 282 48,101
50, 075 50,198 49, 077 50,198 52,111
Unbleached*
short tons..
« 25,196 22, 795 23, 876 a 22, 339 25,498
24,968
Soda*
short tons—
22, 552 « 26, 729
Damaged, off-quality & inisc'l*
8,622
6,182
6,607
7,086
6, 268
6,441
7, 389
6,158
6, 819
short tons__
328, 261 298,903 326, 204 312,107 359,938 354, 234 333,594 379, 466 352,831
Production, all grades*
short tons—
96, 831 82, 240 82, 580 83,482 93,092 101, 646 99, 902 106, 321 94, 245 106,120 109, 006
Groundwood*
short tons..
87, 901 87, GOG 96, 504 90, 8C9 10S, 551 102, 168 92,108 110, 520 104, 581 114,154 111,981
Sulphate*
short tons..
111, 789 100, 302 115,713 109, 855 125,073 119, 80S 113,739 128, 782 119,815 128, 330 131,794
Sulphite, total*
short tons..
65, 658 60, 558 66, 738 63, 660 72,190 69, 631 66, 058 76,019
73, 021 76, 922 80.965
Bleached*
short tons—
39,744
52, 883 50,177 47, 683 52, 763 46, 794 51, 408 50, 829
46,131
48, 977 46,195
Unbleached*
short tons—
21, 899 28,446
28, 276
25, 402 « 22,168 24,409
Soda*
short tons_.
24, 556 21, 866 27, 002 27, 850 29, 734 29,038
Damaged, off-quality & misc'l*
6,998
6, 002
6, 338
6,587
6,778
6, 056
6, 841
5,979
6, 340
short tons—
136, 627 123,947 111,278 105, 655 105, 361 111,759 115,675 119,398 120, 161
Stocks*
short tons..
42, 975 37, 847 31, 502 38, 623 41,710 44, 400 46, 951 55, 434 64, 805
61,199
53,866
Groundwood*
short tons..
5, 755
5,685
4,492
4, 748
6, 555
5, 296
7,163
6,828
6,148
Sulphate*
..short tons__
7,174
5, 450
56, 341 54, 391 54,142
55, 962 54, 984
60, 308
59, 250 59,484
60, 648 62, 670 61,961
Sulphite, total*
short tons—
34, 502 31,676
37,929
35, 307 37, 730 36, 963 40, 543 41, 929 41,813
36,183 36, 909
Bleached*
short tons—
19,779
22, 377 21, 839 22, 715 18,835
21, 520 22, 521 20,105
18, 075
20, 741 20,148
Unbleached*
short tons—
4,506
5, 427
5,110
5,643
5, 202
5,737
5,547
6,150
5,740
5,238
Soda*
short tons-.
5,449
5,169
Damaged, off-quality & misc'l*
2,514
4,637
4,138
1,909
1,296
1,084
905
731
630
short tons—
Imports:
165, 397
86, 381
Chemical, totalf#short tons— 155,406 136, 947 150, 031 142, 864 139,512 165,936 146,060 139, 263 179,303 108, 563 119,690
18,368
11,051
21, 037 17, 272 19, 319 16, 880 18, 707 17,950
10,097
Groundwood#
short tons— 26,744
16, 977 13, 020 13, 973
Price, wholesale, sulphite, unbleached
|
2.10
l.S
2.10
1.90
2.10
2.10
2.00
2.10
2.10
2.10 | 2.10
2.10
dol. per 1001b-1
° Revised.
v Preliminary.
t Revised sories; for earlier data on new orders for electrical goods see p. 19 of the August 1933 issue; and p. 49 of the June 1933 issue for 1932, for chemical wood pulp
imports.
* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. For electric refrigerators, see p. 20 of the July 1935 issue. Data prior to
October 1931 not published on brass, plumbing fixtures. Wood pulp figures based on reports to the Pulp Executive Authority by 172 mills, representing 91 percent of the
total U. S. pulp industry. Figures available beginning with January 1934. Data not exactly comparable with figures previously shown. See footnote on p. 56 of the
April 1935 issue for the complete 1934 wood-pulp figures.
# See footnote on p. 37 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue.
© Beginning with January 1934figureshave been compiled by the Code Authority of the Ingot Brass and Bronze Industry. Thefiguresare more complete than those on
deliveries previously shown. Shipments of the concerns formerly reporting contribute about 80-85 percent of the total for the present series.




54

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1S32 Annual Supplement to the Survey

August 1935
1935

1985

1934

June

! Septem- October j
August
ber

July

June

Decem„
January jI Februber
ary
i

March | April

! May

PAPER AND PRINTING—Continued
PAPERS
Total paper:* t
Paper, including newsprint and paper
board:
Production
short tons..
Paper, excluding newsprint and paper
board:
Orders, new
short tons..
Production!
short tonsShipmentst
short tons..
Book paper:*
Coated paper:
Orders, new
t-hort tons..
Orders, unfilled
short t( in..
Production
>liort toiis.
Perccnt of potential Capacity
.
Shipments
'..shorl !">] s _
_
Stocks, end of month
snort loi.s-.
Uncoated paper:
Orders, new
short t >:'d__
Orders, unfilled
sfiott tons .
Production
sn >rt tor^..
Percent of potential capaciy
Shipments
siiort tor- .
Stocks, end of month
snort *';:]<•..
Newsprint:
Canada:
Exports
short to is
Production
sLfTi Ions .
Shipments from mills
short ioi'S__
Stocks, at mills, end of month
: LuYb t o n
United States:
''
^
Consumption by publishers
short tons-Imports #
«?liort tons_.
Price, rolls, contract, destination. X.
Y. base
dol. per short ton..
Production, total
shoit tji.s..
Shipments from mills
short tons .
Stocks, end of month:
At mills
short tons..
At publishers
short tons_.
In transit to publishers..short tons..
Paper board :§
Consumption, waste paper f...short tons..
Orders:
New
short tons..
Unfilled, end of month
short tons..
Production
short tons -.
Percent of capacity
Stocks of waste paper, end of month:
At mills f
short tons..
In transit and unshipped purchases
Fine paper:*
short tons..
Orders, new
short tons..
Orders, unfilled
short tons..
Production
short tons..
Shipments
short tons-.
Stocks, end of month
short tons..
Wrapping paper: *
Orders, new
short tons..
Orders, unfilled
short tons..
Production
short tons-.
Shipments
short tons..
Stocks, end of month
short tons-.
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams-.
Foreign
reams-.
Paper board shipping boxes:
Shipments, total
mills, of sq. ft-.
Corrugated *
mills, of sq. fL.
Solid fiber *
mills, of sq. ft.
PSINTIMG
Blank forms, new orders
thous. of sets..
Book publication, total-number of editions.
New books
number of editions..
New editions
number of editionsOperations (productive capacity).1923 -=100-.
Sales books:
Orders, new
thous. of hooks..
Shipments
thous. of books

759,837

- -645,124 ; «58S,723 °707,699 1^637,033 | 762, 609 ,"658,166 -618, 522
j 2'jS. 372 35^,523 j 331,001
«>310, Gi5 j'sJSO, 5^9 !"329, 487
j '325, 151 "305,722 "382,723 "'3L9, 67G

i5.s .-, * l"),rv;
9, us \ i. ;si
18, LT* jj

17 IK

1 I, >> t 2
11 S

17, 65 J
15, 7 ^
4S 1 ,
17 ,-s
i 7 o70 i 16 0 '»
13,919 j 11, J 2 . i J* - 7 9

17, 100

5 ..9 |
17,215 i

4, 7J()

40 0
i 7, L.: 1

fit (>/>

7V

- '->)

H

4' ',
70,'nl

17, -17

n

74, 22

202, 177 ! 212,845
20S, 233
199,920

22o, 449

55, 099

202, >7h
;o no

16,491
211,071
29,914
213, 523
248, 050
78.020
256, 605
60.5

184,243
201,959
ISO, 026

!4<\6P7
180,305
1G0, 859

61,903

C7, 994

30, 366

51,932

71, 364

I 7% 396

0 i'7n ,
" Si")

206, 492
205, 6S2
Vjb, 574

61,353

40.00
80,904
90,698

40.00
74, 120
71,337

30,180
253, 489
28, 202

20,526
270. 690
27, 670

214, 236
72,990
224,214
57.1
221,836

SS, ^ 0
59, 061

77. 571
28. 006
86! 989
68.7
87, 032
57, 874

2 i 5,136
0, ' 69 239,541
''.2,20') 251,057

40. 00
76,184
70,097

28 915

I

204, ?,0i
235, 021

151.900
159,944

207, 476

87, 821
30, 426
96,411
69.9
94, 947
58, 583

378,518 I
395.304 ;
.
384,542 I

20,944
9,117
21, 482
61.4
21,614
13,582

183,030 | 190, 79 i
216,184
196, 172
209,Q38 195,320

145, 095
171,390

24,123
241,136

19, 204
8, 056
19.102
58. 2
19, 351
14,406 |

74, 725
5", 715

."/,' " 3

151. 175 |150,500
197, 227
-10 00
KJ..M7
79,8"3

19,70S
15,0U
i, 8\5
i, mi
6
15, Tjn |
46 1 I
15, 117 ! 20,151
l \ 3 ' / t ) i 14, T21

"0
82, if \

371, 666 390, 871
381,898 403,577
382, 714 i 398,191

* 0, 095
.
~->, 0*6

-, 1^0
'6, VT4
i 722 5,912
J.:'^ 17, 13-$

'2A, f l
(', 7

432,518
417,235
422, 470

4/n.7f>7 i 335,974 333,152
41S, C6S | "355, 582 '338, 805
'410,067 !*341,Soo '325, 579
!

731,046

2-1

f3,r,v,

f|

194,392

165,496
222, 897

157, 870
160, 973

169,816
138, 647

171,139
181,597

40. 00
SO, 5()2
81,229

40.00
74,851
79,129

40. 00

42. 00
80, 576
75, 678

40. 00
70,812
69, 622

40. 00

40 H,

86,495

74,' 665

77,102

019

23,284
241, 893
42, 818

22,679
236,734
33, 717

18,043
244, 388
35, 391

12,312
277,125
40, 237

" 17, 346
261, 282
38, 622

* 18, 317
240,101
34, 214

° 17, 647
210,072
32, 725

15. 683
20 H f'71;
33!208

16 103
353
37, 342

IVJ. 7!>
::.:•)

1 »•'. 122

224, 874

208,332

200,164

230,695

198,461

168,375

210,812

211, 560

231, 584

217, 3C0 - 219 767

200, 278
73,256
201,924
52.6

246,187
71, 523
246, 268
58.7

228. 804
72,930
233.426
61.4

255, 744
68, 756
263,679
C3.9

218, 980
62, 352
227, 733
57. 8

201,121
65,723
199, 940
54.2

273,151
80,987
262, 026
62.9

252, 578
84, 341
251,870
68.7

268,360
79,049
275,770
68.9

255,730 * 259,995
a
80.357
79,298
260,8"! 0 262,463
04. 8
62.7

214,089

207,987

214, cm

28, 520
9, 374
28, 692
27,877
49,060

34,170
29, 441
9,890
30, 798
30, 365
51,959

25. 421
9.913
28 922

163,198 128,971
65,517
70, 219
147,698 | 135,078
150,147 j 134,484
103, 089 100, 203

134,954
67, 271
139,857
137,969
101, 503

118.858
60, 867
132 986
127, 543
106 385

a 022 519

230, 298

232,819

241, 569

231,094

226,941

223,692

210,520

15,970
22,152
6,198
23,956
23, 602
51,121

27,726
21,514
6, 277
20, 904
21, 494
50, 431

24, 877

33, 005
30,558
6,213
32,400
31, 606
48,548

27, 764
24,360
6,886
24, 737
24, 522
48,800

20,000
23,799
7,460
25,263
22,190
51, 804

35, 073

26, 528
6,744
27, 230
28,591
49,326

25, 618
23,388
6. 437
23,928
23, 753
49, 765

101, 605
57,382
109,56S
109,876
95, 064

98,620
55, 904
103, 667
101, 024
98,192

128, 441
50,360
134,136
135,344
96, 704

112.052
51,872
111,076
110,927
97,041

152, 894
56, 733
151,019
148, 223
95, 986

116,423
51,005
126,441
124,175
99, 616

119,125
60,937
120,246
111,816
104, 971

54, 185
8,030

46,050
8,100

48, 528
8,216

48,986
6,990

52, 392
5,998

46, 635
8,121

41, 538
5,220

58, 287
6, 804

59,071
5,934

69. 477
7, 465

69,173
6,851

50, 774
5, 442

1, 640
1, 438
202

1, 576
1,371
205

1,779
1,545
234

1,943
1,696
247

1,634
1, 442
193

1,492
1,323
109

1,807
1,615
193

1,639
1,464
175

1,879
1,661

1,805
1, 605
200

1, 953
1, 745
209

73,780
674
495
179

92,182

63,133

83,118
727
612
115
80

76, 239
1,080
847
233
81

83,930
518
456
62
77

70,401
628
563
65
80

83,393
71S
508
150

491
624
447

99

76,S95 I 82,103
771
852 !
653
118
140 j
78 I

78, 972
1,004

134
71

69, 937
bo'Ji
457
95
70

12,221
11,672

11,127
11.470 I

11,129
13,010

11,799
10.793

11,564 !
11.399

11,233
11.590

11,130
11.818

11,689
10,737

12, 456
11.361

230, 365
32, 864

61, 294
8,538

1, 757
1,521
236 |

35, 448
9,648
32,917
34,859
47,913

220
80

S
33, i l
....

50 407

I

14,605
12.924

11,337 I
12,097 !

11,732
11.90?)

1
Revised.
f Revised series. D i t i for p o : i ) 1 K i u i * y 1 S W i t i u i r y U.il iiiciu:iv^ o a consuniptio 1 -I'vl stocks of w-.^ie paper a t mills will be s h o w n in a - a t . ^ i u e i H > - u ? . D j t a
on total p 1 per for 1J31 revised, i i e v h i o n s for m o n t h s not sho.vM above »viii appo ir in t h e .Mjp^moor 1^5 i<--uo.
§ T h e Bureau of the Ccnsux has enan^od t h o title of the '* Boxbo ird " report to '• Panorho t rd " =irii>} l:it-i . u ' t m l l y cover all board of .0012 of an m e n O'- more ir. t-iickn^ss
reported b y t h e cooperating m i.Muf.^turcrs. Figures juveu on pi-'Alnc'ion a n d n e w a n d uu'iik- ] orders arc for 91 idVimieal m a n u f a c t u r e r s ; a n d c o n s u m p t i o n a n d slvc'cs of
waste p a n j r for b2 in r w f ..-u.u-.-j-s. r s i i : : i a t o d c u - c r a v is uivcn in LV.-Ir :! i"c;Lnor» bcl-nv.
* Nrew series. N e w series on p i p e r b o a r d s h i p p i n g boxes compiled ' y in.e C-)-i> ilncr Cod" .i^thout'/,
r h i o i ^ n , 111., trcrn reports from all m e m b e r s of tiip i idustry ^f
record bo^inuin.": in J a n u a r y 1931. ' T h e volume of com T nr»ios n-;t r.yo )V-VVJ.\^:\I
m o n t h is esMrn-ue'i b y tno Co.l > Vi.tMnrity, so as 10 keep t h e series comp-irirt!^. T h e s-)liii
fiber ficrures are complete as r e p o r t e d . Prior to J a n u a r v 1931 d a t a covering Uiis iiidii-trv wero r-omniled b v t h e Paper Uoard InduLHtries Association.
See note below for tot \l,
book, fine, a n d w r a p p i n g paper.
J T : w i i i u r c s o u p - i p e r (lncluillrij: lor.-il, Due, an 1 w r i j i p i n i ' i r e a s r ^ - ' > . ' t i ' l \--v.},[}A'i.cr\'.in
P •/>"• nnd F•>.••'p A "•<; •;•'*'.;,'?.cwpt book paper, t h e d\ta on v.-h;?>-. .r> reporto i
h y t i i e H o n k P a p e r D i r h l c a of t h e P a p e r a v - i P u l p I n d u s t r y : t h e y : r e liOt ^ . n i p i n i l n e w i t h i h o d - . t n c a r r i e d u\ t'^.e rfruvEY f r o m t h e A m e r i c a n P ' i p c r a:id P u ' i i A>'-« •''>u'h'>u
t h r o u » l i D e c e m b e r 1033. T h e p r e - e n t cl-is.-iflcption of the a s s o c i a t i o n d i n ' e r - f r o m t h a r p r e v i o u s l y u - e d V,y t i ' o n i . a s w e l l a s f r o m t h e B u r e a u of t h e C e n s u s c'. r$'A\"- n ' o n .
I n a d d i t i o n t o t h e c b « s s s s h o w n , t h e a s - ? o c i i r i o n a l - o r c p r - r l i o n p r i n t i » r ; nupQr (incl:iciinc: r . ' i c . a l e ' l b o o k - \ b o a r d s , p a p e r b o a r d , a n d . n e w s p r i n t . T h e f:r>t t w o of t h o s e
cl-i.«ir:'-iii.Mi^ a r e n o t u « o d i n tfv . S r r ' . v i . r , w h i l e th.e H u r e - . : : of t h e < ' c i : - u / n * p o - t i> u - c d for p n - e r b o n n l a n d t h e N e v r s p r i n t S e r v i c e 1 ' n r e u i ' s r e ] i o r t for n c v - ^ p r i r ^ ' t h e l a t t e r
s e r i e s is i d e ? ; t i c a l w i t h t h a t r e p o r t o - l >-v t i : e P ' - o o i u i i r r O . rY>. e l a t i o of t h e p r o d u c t i o n r e p o r t , ] l , v t h e ".:"(*•'• fl(,n, t h e N'ew.-'print S e r v i c e ] ? u r c - i u , - n d th.^ i } i : u . u of • ' . e
C e n s u s frri'.nt>:ly r e p o r t o n vi\\ erh(,; r d ' r o th.e n r i n i m l f . e u r e s r c r - o r t e d b y ( h e j?i:re.ui of t h e C o i t u s ' f o r l t v ; fnliovv: T o r a l p a p e r . ? 7 . 1 p e r m i t ; fhio p a p e r , 7r'>.l por-'^p.:: ' \ T - . J . P I R ' J . 109.7 i . o r t o n t (prc.'-ent clf^pi^ca T i«-n o f ; ssc ci Mion is ii'u»-:i 1-ro.uler t ) i a n is C e n s u s o r e a r l i e r s -'Noc-i;inon o r . ^ i f i c - . t i r . n ) ; p< v - e r h o n n l . VS p e r c e n t of rJl i v t p e r r . •••rd, 1 lit ^1
p e r c e n t of t) e m o r e c o m p a r e lo ( i j i ^ i f . c i . t i c r . ^ (.f (CTJ(; ivxr 1 ocrd 1 v<\ 1 o.\bc.-rd; bcc>k iJi.i'er. n n f ( , r t w i , ' " p e r c e n t r n d c d . t e d 1C0 p e u « . n t ( b o o k in-.per o:-tiiiu.tv^ • r^ ! y
fl>v.fintif-:i
rive
fh-<Miatn c u m u t 1- j f h p i - k e d v. h h f J - ^ M : - 'i.-t-n; r.n ' in - . - s p r i n t . 97 l ^ r r - o n t .
!"• rr»»- ff" T' c ' ' " r t 5 lrr.f.tli.x of 1 9 3 ! o n r o o k iv>pc-r n-A y e t rpIc-V'.1 1 h\ t h o
a s s o c i i t i o n . D a t a a r e a v a i l a b l e for t h e o t h e r s e r i e s for t h e m o n t h s of J a n u a r v r o A p r i l 1931 T K . - , H J U R 1 - \vill b e s h o w n i n t h e S e p t e m b e r 1935 i s s u e .
?? S e e f o o t n o t e o n p . 37 of t h i s i s s u e . D a t a for 1933 r e \ it,ed. S e c p . 20 of t h e O c t o b e r 1 9 3 1 ; - i;-:.




SURVEY OF CURRENT BUSINESS

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

1935

oo

1934:
June

July

Septem-

August

her

1935

October I

™

January

February

March

April

May

RUBBER AND RUBBER PRODUCTS
CRUDE AN© SCRAP RUBBER
Crude:
Consumption, total
long tons.
For tiresJt
l° n g tons
Imports, total, including latexf# long tons.
Price, wholesale, smoked sheets, N. Y,
dol. per lb.
.Shipments, world
long tons.
Stocks, world, end of monthf__.long tons_
Afloat, totalf
long tons.
For United Statesf
long tons.
London and Liverpool
Ions tons.
British Malaya
long tons.
United Statesf
long tons.
Reclaimed rubber:
Consumption
long tons.
Production
long tons.
Stocks, end of month
long tons.
Scrap rubber:
Consumption by reclaimers
long tons
TIRES AND TUI2ES t

33,327
32,182
12T
73,000
673,

oo
c

38,620
27,811
48,748

30, 035
22,033
42, 674

30,312
22, 509
32, 700

27, 317
19,864
32, 010

28, 526
20,489
29, 240

31,358
23, 467
37,212

134
70,000

.146
70, 000
676, 200
96,654
45,869
105, 989
106, 448
367,109

.155
74,000
674, 702
97, 349
40. 278
105, 290
107, 607
364,456

.154
88,000
694,361
113,716
38,831
113.052
103; 485
364,108

.139
68,000
680,616
98,868
38,247
121,020
101, 349
359,379

. 130
76, 000
684, 408
99,837
38, 625
127, 888
06, 556
358,000

99, 000
705, 975
124,976
47, 644
134,927
91, 072
355, 000

7. 066
8,160 I 6, 974
20,649 I 20,319

7,097
8,143
21,079

6.492
7, 268
20,015

7,034
7,353
18,740

672, 804

99,200 § 130,478
55. 581 | 46,098
171, 303
99, 733
88,000 102,045
315,000 360.548
7,317
S, 590
15, 780

7,615
10,820
19, 641

7, 006
9, 446
22, 035

36, 875

Pneumatic casings:
Production
thousandsShipments, total.
thousandsDomestic
thousandsStocks, end of month
thousands.
Solid and cushion tires:
Production
thousands.
S hipmen ts, total
thousands Domestic
thousandsStocks, end of month
thousands.
Inner tubes:
Production
thousandsShipments, total
thousandsDomestic
thousandsStocks, end of month
thousands.
Raw material consumed:
Crude rubber. (S e Crude rubber.)
Fabrics
thous. of lb.

4 212
5! 071
4,956
9,913
21
19 i
19 !
31

32,996
25,137

42,864

18,171

40, 523

.129

32,575
136
75,000
693, 153
113, 000

42,066
148, 337

98,471
338, 345

9 583
,
10,465

17,743

38, 868
29,671
47, 844
.129
74, 000
686,195
103.000
42, 969
155, 727
94,695
332, 773
8,178
10,072
15,765

18
18
17
30

18
16
15
33

2y848
3!087
2,993
160

3,427
4,179
4,091
8,436
!
i
!
!

3,974

3,425 I

3,570

5,150
5,058
8,532

4,193
4,133
7,812

4,072
4,003
7,328 j

s,

3,017
2,934
2,871
7,410

3

188
2 919
2 834
8 397

3,241
3, 095
3,026
8,516

3,665
3,015
2,921
9,171

17
15
14
35

16
17
16
33

16
15
14
35

3 123
2 609
2 543
7,907

3,074
2, 684
2, 630
8,247

3,398
2,765
2,689
8,904

40, 913
31,825
41, 456

37, 827
30,280
30, 705

.114
. 115
67, 000
70,000
678, 809 '677, 006
92, 000 97, 400
44, 485
37. 651
162,012 165,064
91, 069
86, 723
333,728 328,I IS

.120
76, 000
»677,560
J03,200
44. 375
167, 745
91,345
311,000

8,183
10, 549
17,335

9, 210
10,315
17,032

8. 443
10,223
16, 341

4,
4,
4,
10,

4. 050
3, 945
3] 850
10, 797

32, 709

25,959

3, 252
4, 033
3, 954
9,154

38, 997
28,832
46, 640

4,488
3, 553
3,469
10, 086

4,251
3,189
3,112
11,184

4,215
4,078
4,000
11,325

22
20
20
32

18
16
16
32

18
20
20
31

4,131
3,610
3, 539
9, 332

4,046
3,261
3,200
10,152

3, 999
4,043
3,980
10, 094

376
989
908
073
20

31

23
21
20
34

4,132
4,320
4, 252
9, 864

3,775
3, 347
3. 2S7
10, 298

8, 011

7, 736

I
17,716 j 13,267 I 13,724

12,942 | 13,169 I 15,382 j 15,627

19,608 I 18,059

MISCELLANEOUS P&OBUCTS
Rubber bands, shipments..
thous. of lb__
Rubber-proofed fabrics, production, total
thous. of yd—
Auto fabrics
thous. of yd—
Raincoat fabrics
thous. of yd—
Rubber flooring, shipments.thous. of sq. ft_.
Rubber and canvas footwear: •
Production, total
thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs._
Shipments, total
thous. of pairs—
Tennis
thous. of pairs..
Waterproof
thous. of pairs..
Shipments, domestic, total.thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs._
Stocks, total, end of month.thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs..
Rubber heels:
Production
thous. of pairs..
Shipments, total*..
thous. of pairs..
Export
thous. of pairs..
Repair trade
thous. of pairs..
Shoe manufacturers
thous. of pairs..
Stocks, end of month
thous. of pairs
Rubber soles:
J
Production
thous. of pairs—L
Shipmonts, total*
thous. of pairs..
Export
thous. of pairs..
Repair tra e
thous. of pairs..,
Shoe manufacturers
thous. of pairs.- 1 .
Stocks, end of month
thous. of pairs.. L
Mechanical rubber goods, shipments:
j
Total
thous. of dol-L
Belting
thous. of dol.J.
Hose
thous. of dol.JOther
thous. of doL.L

227

238

220

3,156 i
478 |
1,320 I

3,332 !
526
1, 269
372

231

330

209

174

230

228

285

293

4,742
568
2,405
339

5,279
804
2,813
386

3,419
405
1,552
375

3, 334
744
884
411

3,776
286
1,141
268

3, 661
287
1,122
286

4, 071
256
1,307
366

4, 0^8
305
1,398
456

4, 030
292
1,716

3,918
877
3,041
6,498
911
5, 587
6, 436
857
5, 579
15, 858
5,821
10, 037

5,078
1,201
3.877
5,525
790
4,735
5, 486
758
4,727
15, 248
6, 085
9,163

4,992
1,165
3, 827
4,727
575
4,152
4, 853
528
4,125
15,513
6,675
8,838

4,870
1,570
3,300
5,317
1,258
4,060
5.273
1,240
4,033
15.177
6,999
8,178

5,668
2,668
2,999
6,379
2,778
3,601
6,250
2,661
3,589
14,466
6,890
7,576

5,383
3,083
2.300
4,752
3,284
1. 468
4,619
3,165
1,454
15,087
6,690
8,397

5, 863
3, 673
2,190
5, 087
4,023
1, 064
5, 041
3, 997
1,044
15,854
6, 331
9,523

5,415
3,188
2, 226
4,210
3,276
934
4,170
3, 243
927
17, 056
6, 241
10,815

4, 857
2 376
2,481
3,688
2,579
1,109
3, 623
2,521
1,102
18,202
6,026
12,176

18,605
13.911
15,493 1 13,219
339
219
4,938
4,079
10,218
8,921
42,140
42, 652

14, 437
16, 889
377
5, 238
11,273
40, 016

13, 922
15,746
326
4,175
11,244
38,040

13,428
14.075
359
3, 435
10, 281
37, 751

14,351
16, 630
296
5,867
10, 667
35,811

16,334
15, 260
221
4,777
10, 262
36,950

16, 256
16,926
439
5,102
11, 385
36, 349

17,173
18,764
241
7, 405
11,118
34, 869

20,262
19,60S
336
7, 471
11,850
35, 602

3, 243
3,601
7
704
2, 890

3, 357
3, 410
7
563
2,840
3, 904

3, 525
3,543
631
2,fO5
3, 897

3, 607
3,701
6
505
3.190
3, 733

4,261
775
1,372
2, 115

5,463
1,006
1,842
2,615

5,711
1, 394
1,949
2, 368

4, 944
1,109
1.688
2,147

237

276

l

449 I

4, 291
570
1,827
413

I
4,151
1,391
2,760
3,002
1,774
1,227
2,964
1,742
1,222
19,358
5,642
13,716

4,478
1,566
2,912
3,613
1,980
1,633
3,561
1,933
1,629
20, 945
6,846
14,099

5,161
1,011
2,744
4,150
4,611
6,529
1,174
1,543
3,436
4,986
4,594
6,448
1,170
1,487
3,425
4, 982
19,935 ' 18, 567
6,515
5, 983
13,419
12, 584

19, 412
20, 513
426
3, 946
16, 142
38, 446

15,903
15, 656
348
4,485
10, 825
38, 997

4,772
5,050
10
241
4, 799
4, 955

3, 082
3, 277

3,601
3,602
2
382
3,218
4, 894

2, 952
3,107
2
455
2, 650
4, 718

3,239
3,297
13
584
2, 699
4, 656

3,541
3,617
3
585
3, 030
4, 528

3.400
3i 592
3
530
3, 059
4, 329

3,705 i

4, 424
990
1, 583
1, 852

3,834
3, 923
1,001 |
984
1,362 I 1, 399
1,472 I 1, 540
I

3,187
846
1,138
1,203

3, 715
996
1, 376
1, 343

3,094
707
1,078
1,310

3, 601
746
1, 001
1,854

4,515 j
871 I
1,430
2,215 I

3,587 j

843 I

318
2, 956
4, 933

3,696
9
650
3,037
4,311

'Revised.

t Data for 1934 are estimated to represent approximately 97 percent of the industry; data are estimated to cover 79 percent of the industry for 1929-33, inclusive, and 75
lo £ (percent prior to 1929.
# Seo footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
• In October 1933, 4 new companies were included in the repott and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 percent. For preceding periods the coverage varied but was about 80 percent. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933
data for the smaller number of firms.
* New series. Earlier data not published on rubber heels and soles prior to December 1932.
f Revised series. Data on consumption of rubber for tires revi.'-ed for 1932, 1933, and 1934. Seo p. 51 of the August 1934 issue. Revised data from September 1930December 1934—rubber world stocks, world afloat, and afloat to the United States appear on p. 20 of the July 1935 issue; for 1932 revisions for United States stocks, see p. 50
of the May 1933 issue. See p. 50 of the June 1933 issue for crude rubber imports.




56

SURVEY OF CURRENT BUSINESS

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

August 1935

1935

1934

Juno

SeptemNovem- j Decem- January FebruOctober
ber
ber
ber
ary

June

July

August

1935
March

April

STONE, CLAY, AND GLASS PRODUCTS
BKICIC
Common brick:
Price, wholesale, red, N. Y.
dol. per thous..
Shipments*..
thous. of brick..
Stocks*
thous. of brick..
Face brick (average per plant):
Orders, unfilled, end of mo.
thous. of brick..
Production (machine)*
thous. of brick..
Shipments
thous. of brick..
Stocks, end of month t
thous. of brick..
Sand-lime brick:
Orders, unfilled, end of mo.
thous. of brick..
Production
thous. of brick..
Shipments by rail
thous. of brick..
Shipments by truck
thous. of brick..
Stocks, end of month
thous. of brick..
Vitrified paving brick:
Shipments*,.
thous. of brick..
Stocks*
thous. of brick..

9.50

10.50
61,078
405, 713

I
!

10.50
10. 50
10.50 } 10.50
61,101
68,083
62, 405
77, 698
120, 716 422, 641 417,025 412,589

545
153
180
2, 380
COO
1, 582
793
1,860

503
179
181
2,300

405
131
208
2,333

369
158
172

425
1, 228
44
965
1, 431

155
143
1,219
1,137
45
45
848
1, 045
1,351 I 1,959

140
1,164

12,451
76,019

10. 50
10. 50
10.50 I 10.44
10.00 00
10.
48,188
38,281
38,291 | 60,987 « 75, 539
64,508
419,833 412, 449 400,529 387.462 363,458 *341, 466
I

322
218
143
2, 303

233
120
115
2,306

2,310 j

2,318 |

I

i

850
1,651
552
1,105
2, 715

140
190
32
531
1,561

100 | 100
155
0 j
13
350
266
1,317 | 1,363

9,900 i 10,339 I 8, 773 I 6.831 | 4,993
78,047 | 77,3'J6 77,701 i - " "" • 76,156

1,806
77, 866

1, 601
79, 711

1,167
79, 494

1, 338
3, 307
77,039 I 80,353

1. 650
3,053
14.9
2,952
21,899
6,348

1.658 i
4,299 i
18.9 !
4,878
21, 289
6,343

1 667
6^ 136
27.9
6,198
21,219
6,122

2,639
49.9 j
2,584!
8,010

2,946
51.4
2, 963
7, 955

3,113
54. 3
2, 956
8. 060

1,121 i
2,091 I

351
203
2,217
175
920
83
889 i

1,877 j

258
71

289
95

177
229

2,282

850
115
20 !
414
811

104
343
340

PORTLAND CEMENT
Price, wholesale, composite
dol. per
Production
thous. of
Percent of capacity
Shipments
thous. of
Stocks, finished, end of month.thous. of
Stocks, clinker, end of month.thous. of

bbl..
bbl..
bbl.
bbl_.
bbL.

1.6G7

1. 650

8, 730
39.6
7,624
23, 098
6, 729

8, 813
39.8
8, 541
21, 600
6,424

1.650
8,144
35.7
7,898
21,852
6,588

1. 650
7,842
34.5
8,249
21, 424
6,332

3,295
59.8
3, 276
8,115

3,156
55.0
3,168
7,543

3,115
56.5
2,991
7, 616

3,169
53.2
3, 083
7, 666

1.650
1. 650
6, 675
7, 6S0
29.3
34.8
8,439
7, 388
21,734 I 19, 972
5,975 | 6,055

1. 650
5, 779
26.2
5, 674
20, 078
6,213

1.650
4,447
19.5
3,104
21, 460
6,137

3, 202
14. 1
2,846
21,847
6,318

2,859
54.0
3,260
7,231

3,132
52.6
3,106
7,210

2,855
51.8
2,537
7, 481

2,922
53.0
2, 430
7,871

2,935
49. 3
2, 679
7,990

GLASSWARE, ETC.
Glass containers: #
Production
thous. of gross..
Percent of capacity
Shipments
thous. of gross..
Stocks, end of month
thous. of gross..
illuminating glassware:*
Orders:
New and contract
number of turns.
Unfilled, end of month
number of turns.
Production
number of turns.
Shipments:
Total
number of turns.
Percent of full operation
Stocks, end of month
number of turns.
Plate glass, polished, production f
thous. of sq. ft.

1,919

1,553

1,453 j

1,423

1,411

2,184

1,990

1,681

1,774

1,850

2,115

2,020

2, 751
1,829

1,951
1,276

2,216
1,453

2,456
2,022

2,608
2, 065

1,880
73.3
4,432

1,999
77.9
4,475

1,691
65.9
4,487

2, 356
1,774
1. 685
65.6
4,624

2,611
1,902

1, 390
49.9
4,649

2,305
1,877
1,851
72.1
4, 525

2,252
1,638

1,446
56.3
4,641

2, 235
1,188
1,427
55.6
4,457

2, 540
1,844

1,814
70.7
5,119

2,205
1,062 I
i
1,105
43.1
4,610

1,791
69.8
4,795

1,920
74.8
4, 945

13,163

6,520

7,242

7,450

6,738 | 7,512

6, 587

8,390

13,365

13, 723

16, 532

16, 999

i

GYPSXJM*
Crude (quarterly):
Imports
short tons_
Production
short tons.
Shipments (uncalcined)
short tons.
Calcined (quarterly):
Production
short tons_
Calcined products (quarterly):
Shipments:
Board, plaster (and lath).thous. of sq. ft.
Board, wall
thous. of sq. ft.
Cement, Keenes
short tons.
Plasters, neat, wood fiber, sanded, gaging, finish, etc
short tons.
For pottery, terra cotta, plate glass, mixing plants, etc
short tons.
Tile, partition
thous. of sq. ft-

92, 703
439,953
173,218

88, 408
450, 3P4
145, 404

101,805
334,318
99, 956

10, 730
292, 406
84, 853

325,958

257, 048

234,735

233,852

31,591
70, 218
4,258

32, 001
44,012
3, 501

32, 904
49, 793
,866

51,3fi2
2, 997

225, 405

188,314

162,020

29, 437
2, 426

24, 681
1,721

23, 985
1,550

I

165,970 !

29,142 I
2,302 |

TER&A COTTA
Orders, new:
Quantity
Value

short tons.
thous. of dol.

934
113

1, 630
122

964
83

1,382
84

515
50

1,090

967
80

934
80

35, 643 28,817
363, 347 370,116

25, 795
363, 291

23,111
353,774

539
41

1,440
133 !

TILE
Hollow building tile:*
Shipments
Stocks

short tons.
short tons.

39, 383
388, 972

37,513
385, 898

44,272
38, 068 35,139
378, 533 369, 641 367,166

29, 931 «38,498
350,710 '346,785

° Revised.
* New series. Earlier data not published on illuminating glassware prior to July 1932 (except production and percent of capacity); for earlier data see p. 20 of the June
1933 issue, face brick, machine production. Series on common and vitrified paving brick and tile beginning January 1934 were shown on p. 20 of the June 1935 issue. For
earlier data on gypsum see p. 20 of the January 1933 issue.
t Adjusted for degrading and year end physical inventories.
f Data on plate glass represent the total output of the industry. Complete figures for the months of 1932 were shown on p. 52 of the March 1933 issue, and for 1933 on
p. 52 of the March 1934 issue.
# Series on glass containers are not comparable for 1934 and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the year of
1933 amounted to 33,056,706 compared with 23,511,963 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies, now reporting by years,
from 1928 to date were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are not available for
this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly figures prior to 1934
had a downward bias. Basis of estimating capacity was changed in computing the new series. Data beginning January 1934 revised see p. 52 of the May 1935 issue.




57

SURVEY OF CURRENT BUSINESS

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

1935
June

1934
June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ber
ary

March

May

April

TEXTILE PRODUCTS
CLOTHING
Hosiery :*t
Production
thous. of dozen pairs.
Shipments.
thous. of dozen pairs.
Stocks, end of month
thous. of dozen pairs..
Men's and boys' garments cut:
Overcoats
thous. of garments..
Separate trousers
thous. of garments..
thous. of garments..
t Suits

8,474
8,458

6,674
6,349

7,838
8,666

6,989
8,078

9,564
9,791

9,466
9,308

8,001
8,220

8,588

9,214
8,732

9,692
9,768

9,392
9,180

9,203
9,124

18,845

19,164

18,332

17, 238

17,006

17,159

16,934

18,343

18,825

18,749

18,962

19,040

386

363

360

421

296

520

477

547

478

481

463

345

459

306

253

318

323

279

.117
.117

.120
.123

COTTON
•Consumption!
thous. of bales..
Exports:
Quantity, exclusive of linters
thous. of bales..
Ginnings (total crop to end of month)
thous. of bales
Imports#
thous. of bales..
Prices:
To producer
dol. per lb__
Wholesale, middling, N. Y dol. per Reproduction, crop estimate..-thous. of bales..
Receipts into sights
thous. of bales..
Stocks, end of month :f
Domestic, total mills and warehouses
thous. of bales..
Mills
thous. of bales..
Warehouses
thous. of bales..
World visible supply, total-.thous. of bales..
American cotton
thous. of bales..

454

616

572

504

4,958

7,920
12

9,030

9,174
10

.123
.126

.124
.127

.123
.127

.122
.126

.115
.115

977

482

374

420

390
d

10

100
11

.118
.119

.116
.123

.123
.129

.131
.134

.131
.131

.125
.125

231

339

432

527

1,676

2,283

6,961
883
6,076
4,998
3,253

7,311
1,326
5,985
7,362
5,040

6,794
1,228
5,566
6,950
4,737

6,905
1,081
5,824
6,639
4,532

8,673
1,057
7,616
7,210
5,225

10, 521
1,140
9,381
7,963
6,037

11,089
1,294
9,795
7,955

10,940
1,300
9,641
7,819
5,962

10,158
1,194
8,964
7,482
5,565

9,534
1,161
8,373
7,197
5,132

8,902
1,117
7,785
6,881
4,715

8,263
1,061
7,202
6,124
4,169

7,539
979
6,560
5,593
3.720

.301
.415

.435

.308
.435

.315
.435

.316
.435

.312
.435

.304
.425

.309
.415

.306
.415

.299
.410

.297
.414

.296
.415

.305
.415

13,657
3,729

21,223
1,701

15,647
1,944

14,456
2,108

17,330
2,512

16,423
2,592

16,857
3,517

16,444
4,353

15,484
5,474

15,848
7,727

18, 713
7,118

16, 285
5,903

16, 539
5,460

.061

.064

.067

.071

.074

.070

.066

.068

.067

.065

.062

.061

.062
.074

1,472
10

9,380

274

COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
22/ls, cones (Boston)
dol. per lb.
40/ls, southern spinning*
dol. per lb.
Cotton goods:
Cotton cloth:
Exports^
thous. of sq.yd..
Imports^
thous. of sq.yd._
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd.
Sheeting, brown, 4 x 4 (Trion mill)
dol. per yd.
Cotton cloth finishing:*
Production:
Bleached, plain
thous. of yd.
Dyed, colors
-thous. of yd.
Dyed, black
_
-thous. of ydPrinted
-thous. of yd.
Stocks:*
Bleached and dyed
thous. of yd.
Printed
thous. of yd.
Spindle activity:!
Active spindles
thousands..
Active spindle hours, total
millions of hours. .
Average per spindle in place
hours.
Operations
percent of capacity.

.073

.079

.082

.081

.078

.077

.077

.076

.074

.073

"101, 000 106, 741 101, 015 113,209
* 79,000 73,954 66, 472 73,651
v 5,600
4,885
5,686
5,738
* 86,300 83,414 75,833 84,499

111,581
73,407
6,162
90, 772

134,386
89,420
7,985
126,384

126, 726
87, 679
6,693
114,139

87,992
6,114
107, 379

145,390
107,283
6,999
120, 203

137,335
104,987
6,013
117, 780

148, 710
119,107
6,797
122, 548

144,429
112,883
6,218
104,597

130,284
« 98,810
° 6,000
• 100,265

314,413 310, 039 269,461
118, 034 109, 756 101,057

266,886
101, 083

277,030
108,830

298, 233
111, 758

284,473
107,585

288,864
100,008

276,863
97, 232

291,481
97, 732

297,866
103,500

297, 776
111, 926

333,991
115,255

.076

.077

1

22, 709

24,621

24,418

24,154

22,113

25,095

25, 051

25, 057

25,146

24,925

24, 571

23,854

23,028

5,083
167
74.6

5,241
169
72.6

5,152
167
74.3

5,753
186
76.8

3,716
120
54.3

7,185
233
97.1

6,703
217
94.0

6,027
195
87.1

7,510
244
102.6

6,575
213
100.2

6,663
216
92.9

6,058
197
85.3

6,095
199
83.4

RAYON AND SILK
Rayon:
Deliveries:*
376
417
274
382
305
334
Unadjusted
1923-25=100307
308
488
441
553
295
470
439
264
382
574
Adjusted
1923-25 •-100.
429
357
565
440
279
221
387
287
3-mo. moving average of adjusted index
391
327
375
370
316
288
336
453
523
509
410
1923-25 = 100..
310
12
16
39
4
24
11
27
29
6
22
Importst#-..thous. of lb_.
25
9
26
Price, wholesale, 150 denier, " A " grade
.55
55
.60
.55
(N. Y.)
dol. per lb._
.55
.55
.55
.55
.55
.57
.60
.60
.60
Stocks, imported, end of month
261
262
372
272
thous. of lb-_
264
262
280
276
265
262
275
263
Silk:
38,361
33, 728 33,069 32,021 36, 247 32, 599
Deliveries (consumption)
bales. _
44,347 | 39,757
49,106
37, 548
40,941
47,443
41,732
5,545
5,201
Imports, rawj#
thous. of lb._
5,037
4,731
4,719
6,846
2,566
5,387
7,219
5,278
6,516
5,658 I 4,905
Prices, wholesale:
1.418
1.376
1.327 j 1.391
1.199
1.292
Raw, Japanese, 13-15, N. Y.dol. per l b 1.139
1.133
1.125
1.185
1.432
1.358
1.348
.92
.92
.93
.92
Silk goods, composite
dol. per yd—
.93
.93
.93
.95
.96
.96
.96
.94 I
.92
Stocks, end of month:
207,000
World visible supply
bales.. 190, 700 259,000 272,000 285,000 285,300 277,800 275,000 272,300 258, 500 234,457 223, 548 220, 577
36, 762
37, 587
United States (warehouses)
bales— 42,018 59,048 66,268
76, 502
76, 645
66,479
65,934
48, 516
48, 727
36, 583
b
d
° Revised.
As of Dec. 13.
As of Jan. 16.
» Preliminary.
* New series. Hosiery compiled by the Hosiery Code Authority and estimated to represent 95 percent of the industry. Data available from November 1933 to date, except
for shipments for which data are available back to 1929. Complete data for 1934 were shown on p. 53of March 1935 issue. Complete data on shipment s will be shown in
a subsequent issue. Data on cotton cloth finishing are from tha National Association of Finishers of Textile Fabrics and cover practically all the industry; comparable
figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at end of each 4-week period. Data
on cotton yarn, southern spinning from January 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1923-ApriI 1935 were shown on
p. 19 of the June 1935 issue.
\ For revisions for crop years 1931-32, 1932-33, and 1933-34, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, and p. 53 of the October 1934 issue,
resp3ctively.
t For revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32, 1932-33, 1933-34, see p. 20 of the February 1933 issue, pp. 52 and 53
of the November 1933 issue, and p. 53 of the October 1934 issue, respectively.
§ For 1332 revisions saa p. 53 of tha Juaa 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue.
# Sea footnote on p. 37 of this issue. Data revised for 1933; seo p. 20 of the October 1934 issue.
• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data at the end of
succeeding 4-week periods.
% For 1932 revisions see p. 53 of the June 1933 issue, and for 1933c evisions see p. 20 of the October 1934 issue.




58

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1332 Annual Supplement to the Survey

1935
—
J l m e

August 1935

1934
"| October j

July

June

1935

TEXTILE

N

| Januaryj

March j April

i May

PRODUCTS—Continued

EAYON AND SILK—Continued
Silk manufacturing:
Operations, machine activity:
Spinning spindles:*
All
percent of capacity..
5-B
percent of capacity..
Weaving:
Broad looinsf
percent of capacity..
Narrow loomsf
percent of capacity..
Silk piece goods:*
Commission mills:
New orders
yards per loom..
Production
yards per loom..
Shipments
yards per loom..
Stock-carrying mills:
Production
yards per loom..
Shipments
yards per loom..
Stocks, end of month-yards per loom..
Still to come off looms-yards per loom
WOOL
Consumption:
J
Total, grease equivalent basis!
|
thous. of lb.-l
Apparel class, scoured basis*~thous. of lb_J
Imports, unmanufactured§#
thous. of lb._J
Operations, machinery activity:®
Combs, worsted
percent of capacity..
Looms:
Carpet and rug
percent of capacity..
Narrow
percent of capacity..
Wide
percent of capacity..
Spinning spindles:
I
Woolen
percent of capacity._|
Worsted
percent of capacity..
Prices, wholesale:
Raw, territory, fine, scoured.._dol. per l b . .
Raw, Ohio and Penn., fieeces_.dol. per lb._
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd-.
Women's dress goods, French serge, 54" (at
factory)
dol. per y d . .
Worsted yarn, 2/32s, crossbred stock, Boston
dol. per lb._
Receipts at Boston, total A
thous. of lb_.
Domestic
thous. of lb_.
Foreign A
thous. of l b .
Stocks, scoured basis, end of quarter:*^
Total
thous. of l b . .
Domestic
thous. oflb._
Foreign
thous. of l b . .
Combing
thous. of lb._
Clothing
thous. of l b . .

40.0 j
38. 9 i

41.5 i
37.2 i

40.3
37. 1

23.0

46.5
25.6

42.9
24.9

41.7
29.7

25.0
18.7

27S. 4 I 290.2
458.5 i 409.9
426.1 I 414.8

428. 7
462. 2
456.4

242. 3
232.2
248. 2

449.0
550.8
536.5

342. 0
512.3
481.6

425.7 j.
520.0
534. 7

296.3 I 270.0
257.8 I 286. 9
977.3 1 1,004.5
372.8
327.4

292.0
400.3
952.2
320.0

174.7
318. 5
818.6
324.5

320 2
325. 9
830. 9
387. 2

325.6
387. 6
853. 8
393.5

320. 9
399. 4
787.5 j
480.9 I

!
I
:
I

43.2
47.4

44.4 1

46.8
45.8

45.8 I

55.0 !
50.3 i

52.2
51.8

45.8
51.4

40.5
40.5

i.

i

1

I

1

1
80,428
28,388
15,932

f

26, 213 > 27, 254 ! * 28, 495 23,467
'i
11 000
9, 2Ji) i
9. 900 i 8, 200
8, 003
7,632 I 7,046 j

115

54 I
89
72
.30

71 I
29 j
.S4 I

49 !

82 I

95 I

34
34
45

23
29

28 I

48 j

63
35

66 '
48

. 76
.30

38 I

33 :
26 !
53 j

.76

29

35 i

24 I
51 !

71 !
31 !
.84 I

31 ':

.76
.31

• .31 ;

1. 609
1.015
1. OS
44, 346
41.809
141,923
126,209
15,714
100,207
41,716

1.634

1.634 I
1.139 I
1.28 j

I

1. 634

1.634

1.139

i

1.139

1.139

1.21
23,673
22,987
687

1.18
14,829
13,942
887

1

1.26 !
35,345 ! 59, 972
58, 962
33,512
1,833 I 1,010
176,292
148,330
27,962
116,844
59,448

I
j
1
!
I

34, 065 I t> 44, 858 6 57,065 * 58, 370
12, SOU
17. 700
22, 200
22, 200
8,850 I 4,964
5, 074
8, 583

45
21

37 !
46 i
30 !

b

|
I
I
I
i

i
I
!
I

.28
1.460
1.139
1.17
12, 744
12, 033
711

71 1
65 !

I

.76 I
.28

51, 616
19. 300
U, 964

6

65,006
23 li"-8
13, 939

& 62 016
21 818
15, 459

b 70,617
25,444
15, 778-

100

89 j

95

36
28
81

45 I

52
29
82

08
27
73

59
28
76

81
61

03

83
71

85
74
.76
.26

31 I
88 I
92 I
71 I
.69 I
.25 I

.66
.23

116

.64

.68
.25

23
.1.485

1.510

1.510

1.510

1. 510
1. 510

1.101

.990

1.11
11,053
10, 6N7
366

1.10 I
5,758
4,826 I
932 !

1. 10
5,177
4,478
699

.990

1.08
3,730
2, 380
1, 350

1.05
6,507
4,626
1,881

170, 004
149,016
20,988 '
113,751
56, 253

192,345
168, 344
24,001 I.
135,706 L
56,639 L

. 990

.990
1. 05
8, 951
7,141
1.810

1.06
19,701
17, 246
2,455

134, 455
115,216
19, 239
88,163
46, 292

MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity..
Stocks, end of month
thous. of gross..!
Elastic webbing, shipments.-.thous. of dol._!
Fur, sales by dealers
thous. of dol..
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of month
thous. linear yd_.
Pyroxylin spread
thous. of lb__j
Shipments, billed
thous. of linear yd. _'

40.0
7,118
705
1,644
1,974
3,274
3,645

23.7
6, 791
646
2,038

34.5
6,634
840
2,669

37.0
6, 432
817
2,220

43.1
6,296
929
1,797

48.4
6, 396
823
1,887

41.1
6,236
815
1,386

44.8
8,676
956
1, 799

50.3
8, 536

3,224
2,706
2, 645

3,323
2,972
2, 649

3,065
3,654
3, 059

3,050
3, 294
3,031

2,930
3, 325
3,125

2, 988
3,257
2,833

2,787
3,337
3,197

83
47
21
15

1, 942

49.3
8,357
1,018
2,271

45.9
8, 258
1, 0'0
2,301

3,036
4,214
3,733

2,993
4,444
4,057

2,822
4,829
4,691

2,654
4, 600
4,323

85
51
15
19

99
56
28
15

165
86
41
38

949

37.6
8,188
P

2, 7c 3
2, 368
4,280"
4, 60&

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
Commercial (licensed)
Military (deliveries).
For export

number.
number.
number.
number.

205 i
122 j
65 !

18 I

155
105
19
31

191
102
8
81

180
81
15
84

120
60
24
36

111
57
42
12

p Preliminary.
'
# See footnote on p . 37 of this issue.
t> Since July 1934 report has been on a weekly basis. Data for September and December 1934 and March and June 1935 are for 5 weeks; other months, 4 weeks. F i g u r e s
for July and succeeding months are computed from Census Bureau figures so as to represent 100 percent of the wool industry; earlier figures incomplete.
t Compiled b y t h e Silk Code Authority (The National Federation of Textiles, Inc.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40
hours each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and computed on t h e basis of a 48-hour week.
* New series. Silk spindle activity, compiled b y Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 19 of the April 1935 issue, excepting for yardage on looms, which is shown on p . 20 of the August 1934 issue. Wool stock series began
in June 1934. See p . 20 of the July 1935, issue for earlier data and explanation of new wool consumption series.
* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined b y t h e Saturdays. T h e statistics presented herewith are still based on the pre-code computed normal (currently based on the single-shift performance over the 5-year period 1928-32). T h e current data
represent practically complete coverage of the industry. N o allowance for holidays in January 1934, January 1935, and December 1931. Conversion will be made for earlier
months (since effective date of code) at a later date.
* Foreign receipts for year 1934 are compiled b y U. S. Department of Agriculture and are not comparable with data carried through December 1933. This results iu a
total figure which also is not comparable with earlier data.
^ Compiled b y t h e Bureau of the Census and represent stocks of raw wool held b y all dealers, topmakers, and manufacturers who usually hold significant stocks of wooL
T h e figures for the 3 quarters of 1934 have been revised to include the "grade not stated.'"
figu
t Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions a e b s
are based on totals; scoured wool is multiplied by 2 and p
y
pulled wool by 13/3. Includes
y 33
;
p
Gre
q
hi
d
l
S
t
l
l
i
ill
b b l be dropped
a r of the more accurate scoured series,
20 f this
As this
plothiner and carpet wools. See note on apparell class wool on p . 20 ofthi iissue. A thi grease series will probably b d p p e d iin ffavor of the more accurate scoured series
it is suggested that those who wish to keep series going have their names placed on Bureau of the Census mailing list for the m o n t h l y wool consumption report, ironp
i
f
i
which can be computed data, using formula given.
§ For 1932 revisions see p. 53 of the June 1933 issue, and for 1933 revisions see p. 20 of the October 1934 issue.




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

59

SURVEY OF CURRENT BUSINESS

August 1935
1935

June

1934
June

July

August

1935

"! October I Novem- Decem- January
ber
ber
ber
Q

Febru-

March

April

May

TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES^
Exports:
Canada:
Automobiles, assembled
number.
Passenger cars
number.
United States:
Automobiles, assembled, total §
number.
Passenger cars§
number .
Truck s§
number.
Financing:
Retail purchasers, total
thous. of dol.
New cars
thous. of dol.
Used cars
thous. of dol.
Unclassified
thous. of doL
Wholesale (manufacturers to dealers)
thous. of doL.
Fire-extinguishing equipment:!
Shipments:
Motor-vehicle apparatus
number..
Hand-types
number,.
Production:
Automobiles:
Canada, total
number,.
Passenger cars
number..
United"States, totalt
number..
Passenger carsf
num ber..
Taxieabs®
number
Trucksf
number..
Automobile rims
thous. of rims..
Registrations:
New passenger cars f
number..
New commercial cars*
number..
Sales:
General Motors Corporation:
To consumers
number..
To dealers, totals
number..
U. S. dealers
number..
Shipments, accessories and parts, total*
Jan. 1925 = 100Accessories, original equipment
Jan. 1925 = 100..
Acce>sories to wholesalers._Jan. 1925 = 100..
Replacement parts
Jan. 1925=100-.
Service equipment
Jan. 1925=100-

4,829
3,276

5,255
3,970

6, 555
4, 692

3,517
2,532

3,343
2,285

3,778
2,754

1,929
1,140

641
367

1,585
1,366

4,858
4, 342

9,355
6, 665

6, 356
5,194

6,499
5,088

26, 270
16, 517
9, 753

24,887
18, 071
6,816

23,959
17, 621
6,338

19, 827
12, 522
7,305

17, 766
10, 236
7,530

15, 552
8,040
7,512

16, 280
9,208
7,072

15. 420
8,279
7,141

17, 626
11,035
6,591

21,827
15, 067
6,760

29,806
20, 986
8,820

26, 433
18,341
8, 092

19. 895
13,604
6,291

99,114
68,842
28, 401
1, 871

95,485
65,093
28, 601
1,791

87, 700
58, 029
28,02S
1,643

67, 209
43,250
22, 708
1,252

68, 224
42, 738
24,127
1, 360

55, 303
33,784
20, 399
1,120

43,789
24,761
18, 016
1, 012

56,152
35,937
18, 955
1, 260

66, 419
42. 779
22, 285
1, 355

95,184
61,722
31, 607
1, 856

113 026
73,058
37, 929
2, 039

107,821
07,631
38,227
1, 963

102,706

90, 294

85,108

55, 586

45, 363

29,730

36, 530

93,830

106, 054

145, 574 159,930

132, 074

54
33,909

36
22, 264

32
22, 183

45
21, 495

39
23, 056

31
24,007

25
31,219

30
40
21,536 ! 25,169

22
20, 697

15, 745
12, 276
361, 320
296,609

13,905
10,810
306, 477
261, 280

11, 114
8, 407
264, 933
223, 094

9, 904
5. 579
7,325 i 4,211
234,811
170,007
183, 500
125, 040

3,780
2,125
131.991
84,003

1,697
1, 052
83.482
49, 020

2, 694
2,443
15,3,624
111,061

04.711
1, 428

45, 197
1,016

41,839
1,155

580, 360
50, 0G0

137, 782
131. 188
IZQ, sr;r;

18,114
10. 607
13,885
8,269
292, 817 '335.: 00
229,233 275,623 i

36
21, 713

47
29, 796

21,975
24, 121
18,179
20, P80
429, 834 477, 716
361,816 401, 628

40
33, 860
20, 765
17,093
' 3(54, 727
307, 522

51,311
752

44, 967
526

47, 988
630

34, 462
578

42, 563
1,199

63,584
1,869

'60,077
],6ifi

68,018
1,724

76,118
1. 907

» 57, 205
1,561

=223.864 j 228,760
34, 778 I 37, 490

193, 828
40, 790

146, 931
37, 225

140, 880
40, 878

107, 648
28, 689

75,514
24,125

136.635
34, 759

170,615
34, 797

261,477
41,511

319.652
46, 785

293,201
47, 908

112,847
Hfi, 881
118, 789

101,243
134,324
107,554

86, 258
109, 278
87, 429

71,648
71,888
53,738

69,090
72, 050
50, 514

62, 752
61, 037
39,048

41,530
41, 594
28, 344

54, 105
98, 268
75, 727

•77,297
121, 146
92,907

126,691
169,302
132,622

143,909
184, 059
152, 946

109,051
134,597
105,159

99

92

81

77

99

113

101
96
135
71

95
82
127
67

85
101
134
68

71
101
129
00

66
107
135

101
110
103

115
92
126
65

123
102
145
70

142
101
144

156
110
144

61

66
124
123
56

132
132
148
83

189, 426
1,985
298,846
15.3

188, 491
1, 971
299,780
15.5

186,889
1, 949
293, 173
15.3

186,117
1,938
296, 418
15.5

185,497
1,932
297, 546
15.6

184,898
1,925
295, 947
15.6

183, 363 182, 685
1,900
1, 907
290, 709 285, 256
15.2
15.5

182,117
1,892
277, 451
14.9

182, 773
1,888
274, 775
14.8

181 396
1.883
284,728
15.4

• 180, 559
1, 873
283,310
15.4

2,334
49, 211
10, 803
22.3
40
224

2,310
48, 587
10,789
22.3
70
568

2, 297
48, 209
10,771
22.4
62
439

2, 285
47, 782
10, 616
22.2
48
475

2,278
47, 553
10,676
22.5
62
291

2,271
47, 329
10,718
22.7
68
292

2,243
46, 636
10,419
22.3
80
261

2, 236
46,363
10,423
22.5
64
337

2,232
46, 237
10, 389
22.5
45
171

2,231
46, 1G2
10. 5:-7
22.8
02
1C6

2,228
46, 099
10,582
23.0
6°
156

600
1, 447
533
914
334
162

2
1,477
549
928
1, 031

135

RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
mills, of lb.. 180,114
Number, total
thousands..
1, 868
Bad order, total
number.. 276,535
Percent of total in bad order
15.0
Locomotives, railway:
Owned:
Tractive power
mills, of lb_.
2, 222
Number
number.. 45^910
Awaiting classified repairs .number.. 10.541
Percent of total
23.0
Installed
number..
57
Retired
number..
246
Passenger cars:
On railroads (end of quarter). .number..
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads.__cars_.
5, 151
Orders, unfilled, total
cars..
2, 427
Equipment manufacturers
cars..
414
Railroad shops
cars..
2,013
Shipments, total
cars..
66
Domestic
cars-.
66
Locomotives, industrial electric (quarterly):
Shipments, total
number..
Mining use
number..
Locomotives, railway:
Orders, new, placed by railroads
number..
Orders, unfilled, end of month:
Equipment manufacturers (Census)
total
number..
Domestic, total
number..
Electric
number..
Steam
number..
Railroad shops (A. A. R.)__.numberShipments:
Domestic, total
number..
Electric
number..
Steam
number..
Exports, totalf
number..
E lectric
number..
Steam
number..

45, 278
1,217
17, 813
12, 516
5, 297
1,618
1, 616

I 43,342

44, 363
113
0
8,372
13, 755
9,607 I 5,525
4,148
2,847
3,129
4,186
3,059
4,184

4
5, 495
3,422
2, 073
3,331
3,329

2, 251
46,869
10, 344
22.1
81
543

42,420

75
3,080
1,795
1,285
1,788
1,768

4
1*771
959
812
768
748

360
628
53
575
999
995

24
818
399
419
121
65 j

806
427
113
314
99
99

118
106
56
50
0

127
125
89
36
0

127
121
101
20
0

115
109
96
13
0

102
97
84
13
0

11
2
9
6
3
3

16
0
16
28
17
11
.

21
3
18
4
3
1

0
444
30
414
143
143

401

87
87

137
126
59
67
0

133
122
61
61
20

135
123
59
64
0

6
0
6
8
7
1

4
2
17
14
3

127
115
56
59
0
13
3
10
8 j

8I
0i

12
12
0
5
4
1

68
62'
61
1
8;
16
11
5
8
7
1

11
6
5
12
10

17
14
3
13
12
1

a
Revised.
* Ne\v seri33. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars.
t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; p. 55 of the June 1933 issue for 1932 exports and
p. 20 of the September 1934 issue for 1933 exports of locomotives. Data on automobile production revised for 1933. See p. 55 of the August 1934 issue. For revised data
for 1934 see pp. 55 and 50 of the June 1935 issue.
t Index of sales of new passenger cars is shown on p. 26 of this issue.
§ Data revised for 1932. See p. 54 of the June 1933 issue. Data revised for 1933. See p. 20 of the September 1934 issue.
* Taxieabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies
1j United States and Canadian dealers, plus overseas shipment.




60
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SUEVEY OF CURRENT BUSINESS
1935

June

August 1935

1934

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

May

TRANSPORTATION EQUIPMENT—Continued
RAILWAY E Q U I P M E N T - C o n t .
Equipment manuufacturing—Continued.
Passenger cars:
Orders, new, placed by railroads
number. _
Orders, unfilled (end of quarter)
number. .
Shipments, total
_ ._ number. _
Domestic
number _
ELECTRIC TRUCKS AND
TRACTORS
Shipments, industrial, total
number. _
Domestic
number
Exports
number
SHIPBUILDING
United States:
Merchant vessels:
Under construction.thous. of gross tons...
Completed during month
total gross tons. _
Steel
total gross tons. _
World (quarterly):
Launched:
Number
ships
Tonnage
thous. of gross tons
Under construction:
Number
ships
Tonnage
thous. of gross tons _

0

0

12
12

118
0
0

53
48
5

2

0

5
5

56
56

193
38
38

65
64
1

29
27
2

38
37
1

38
5,928
2,189

0

35

7,535
3,256

10,970
7,877

0

0

9

55

0

61
61

10
10

76
13
13

41
41

9
9

42
42

58
57
1

75
70

67
65
2

0

0

41
41

2
2

182
44
29

39
36
3

45
43
2

24
23
1

50
45
5

33

32

33

49

50

38

36

5,156
2,907

49, 975
1,601

2,441
1,555

2,370
858

2,430
447

3,103
2,097

4,483
3,740

99
145

129
307
296
1,311

o

124
384

288
1,216

0

271
1,252

05
56
3

20
30
14,510
113344

20

12, 640
8,543

22, 026
15, 801

112
279
325
1 270

CANADIAN STATISTICS
Business indexes: *
99.2
Physical volume of business
1926=100..
99.7
Industrial production, t o t a l . . 1926=100__
43.7
Construction ft1926=100_ .
197.4
Electric power
1926=100..
98.4
Manufacturing
1926=100. _
105.7
Forestry
1926=100. .
Miningf
1926=100. _ 138.4
97.8
Distribution
1926-100..
70.6
Carloadings
1926= 100. _
70.0
Exports (volume)
1926=100. .
74.6
Imports (volume)
1926=100. .
122.6
Trade employment
1926= 100. _
Agricultural marketing
1926=100. _ 106.1
Grain marketings
1926=100. _ 112.3
78.2
Livestock marketings
1926=100. _
Commodity prices:
78.7
Cost of living index $
1926=100. _
71.5
Wholesale price index#.
__ .1926=100. _
Employment, total (first of month).1926=100..
97.6
Construction and maintenance .1926=100. _
89.5
98.4
Manufacturing
1926=100. _
119.2
Mining
1926= 100. _
Service
1926=100. _ 118.5
119.9
Trade
1926 = 100. _
79.9
Transportation
1926=100. _
Finance:
Banking:
Bank debits
mills, of doL _ 2,710
80.4
Interest rates
1926= 100. _
Commercial failures *
number. _
Security issues and prices:
New bond issues, total
thous. of dol__ 65,151
Bond yields
percent. _
3.85
Common stock prices, total t -1926= 100. _
93.8
Foreign trade:
Exports
thous. of doL _ 52, 763
Imports
thous. of doL _ 46.739
Exports, volume:
Wheat
thous. of bu_ _ 6,495
Wheat
flour
thous. of bbL .
430
Railway statistics:
Carloadings
thous. of cars. _
186
Financial results:
Operating revenues
thous. of dol..
Operating expenses._
thous. of dol..
Operating income __
thous. of doL.
Operating results:
Freight carried 1 mile
mills, of tons..
Passengers carried 1 mile.mills, of pass..
Commodity statistics:
Production:
Electrical energy, central stations
mills, of kw.-hr._
1,816
45
Pig iron
thous. of long tons_.
Steel ingots and castings
thous. of long tons_.
73
Wheat
flour__
thous. of bbL.

95.8
95.2
25.1
185.7
98.7
100.1
127.3
97.5
73.4
77.1
73.1
119.6
97.2
99.6
86.7

95.7
95.6
34.8
180.6
99.0
96.7
117.2
96.2
72.3
76.7
72.2
118.0
148.8
164.0
80.5

99.0
99.8
39.9
184.8
100.7
98.4
135.7
96.7
74.9
77.3
70.0
118.0
172.8
195.8
70.0

97.1
97.5
40.4
162.7
99.5
93.8
132.9
96.2
67.0
82.8
73.5
119.8
127.7
139.0
76.7

95.9
^95. 5
37.2
170.4
94.8
100.3
143.5
97.2
68.7
85.3
78.2
119.5
61.2
57.9
75.7

96.5
97.0
42.2
181.4
96.0
104.1
137.5
95.2
65.9
60.6
85.3
119.3
51.2
46.3
72.8

92.4
91.0
30.6
188.8
91.8
110.3
121.8
96.1
65.7
61.6
72.6
123.8
36.0
29.0
67.3

97.5
97.8
73.4
189.7
88.9
95.7
140.4
97.1
75.8
70.1
71.3
118.9
30.6
19.3
81.5

100.6
101.1
76.9
188.9
92.5
95.2
143.5
99.4
78.3
79.2
70.7
120.7
62.2
55.2
93.4

94.2
93.3
51.3
190.5
86.8
93.1
143.4
96.8
73.3
73.8
65.6
120.5
65.4
57.7
100.0

98.3
97.7
37.9
195.9
94.0
99.0
156.4
100.0
79.1
81.5
71.5
121.0
91.8
91.7
92.0

«78. 2
72.0
96.6
116.7
93.2
106.2
115.4
116.5
80.3

78.4
72.0
101.0
140.6
93.8
107.0
119.7
119.1
82.6

78.7
72.3
99.9
129.0
94.2
110.3
123.0
116.5
83.6

79.0
72.0
98.8
118.1
94.3
112.4
125.5
117.1
83.6

79.3
71.4
100.0
117.0
94.4
117.9
116.2
120.0
84.8

79.4
71.2
100.2
111.0
92.8
121.2
114.9
121.3
83.9

79.0
71.2
98.9
100.3
91.3
122.9
115.2
126.0
80.1

78.9
71.4
94.4
87.9
87.4
119.1
115.2
130.6
76.2

79.1
71.9
94.6
87.2
90.1
120.3
111.9
116.6
76.2

79.0
72.0
96.4
94.2
92.7
118.8
111.7
116.7
76.5

78.8
72.5
93.4
80.2
93.9
117.7
111.4
117.4
76.3

2,602
85.4
115

2,767
83.1
122

2,534
82.3
103

2,581
82.0
113

3,410
82.9
130

3,092
81.0
119

3,040
76.2
124

2,682
76.2
107

2,089
78.3

2,236
79.5

2,367
80.8

9,514
4.09
87.2

51, 762
3.98
81.3

54, 968
3.94
83.8

16, 945 271,065
3.97
3.93
85.2
83.8

5,248
3.88
86.0

48, 883
3.65
86.2

35, 363
3.65

25, 495
3.75
87.8

16, 378
3.81
84.4

72,022
3.87
86.4

58, 643
46,186

56, 787
44,145

55, 837
43,507

58,815
42, 208

68, 313
47, 229

65, 677
49,884

61,395
39,108

44, 374
37, 229

47, 677
37,044

59, 026
48,191

38,296
36, 637

18,426
441

12, 979
408
188

14, 710
412

17, 588
369

21,808
486

18, 770
504

17, 336
341

5,380
346

7,207
310

8,906
497

5,027
277

205

212

243

211

172

182

180

187

185

25, 702
19,916
4,797

24, 778
19,902
3,629

20,953
20, 475
d
419

21,579
19,676
937

23,847
20,865
2,114

24,482
20, 563
2,990

193
24,436
20,763
2,636

25, 206
22,066
2,114

25, 201
22,947
1,180

27, 605
21,688
4,998

29,151
21, 453
6,746

1, 721
183

1,879
150

1,751
169

2,366
134

2,561
106

2,226
94

1,739
136

1, 576
115

1,685
105

1,858
133

1,797
125

1,709
37

1,621
37

1,627
43

2,053
42

2,013
44

1,803
37

1,944
45

43

67
1,073

1, 853
47
58
1,654

1,954
39

64
1,127

1,677
42
64
1,282

57
1, 704

59

60
1,025

56
941

58
1,046

57
1,383

IData for 1934 revised. See p. 56 of the May 1935 issue.
*New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.
fRevised se:ies. See p. 55 of the April 1934 issue, construction, and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue.
#Number of commodities changed from 502 to 567 beginning with month of January 1934.
3 Data revised January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. Forfinalrevisions for 1933 see p. 56 October 1934 issue.
d
Deficit.




O

INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
54
Acceptances
31-32
Accessories, automobile
59
Advertising
25, 26
Africa, United States trade with
- - - - 36,37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
31,32
Air-conditioning equipment
51
Air mails
—
26
Airplanes
38,59
Alcohol, denatured, ethyl, methanol
38,39
Aluminum
52
Animal fats, greases
39,40
Anthracite industry
22,29,45
Apparel, wearing
28,30,57
Argentina, United States trade with; exchange; flaxseed stock,_
33,36,37,40
Asia, United States trade with
36,37
Asphalt
-47
Automobiles _._
22,26,27,28,30,59
Babbitt metal
52
Barley
42
Bathroom
fixtures
50
Beef and veal
44
Beverages, fermented malt liquors and distilled spirits
41,42
Bituminous coal
--22,30,45,46
Boiler and boiler
fittings
50
Bonds, prices, sales, value, yields
35
Book publication
54
Boxes, paper, shipping
54
Brass
__
53
Brazil, coffee; exchange, United States trade
with
33,36,37,44
Brick
56
Brokers' loans
32
Bronze
53
Building contracts awarded
24,25
Building costs
25
Building materials
24,48,49
Business activity index (Annalist)
22
Business failures
— 32,33
Butter
42
Canadian statistics
60, 61
Candy
45
Canal traffic
38
Capital issues
35
Carloadings-22,37
Cattle and calves
44
Cellulose plastic products
41
Cement
22,27,28,30,56
Chain-store sales
- 26,27
Cheese
42
Chile, exchange, United States trade with. 33,36,37
Cigars and cigarettes
45
Civil-service employees
29
Clay products
23,27,28,30,56
Clothing
24,28,30,57
Coal
_
22,29,45,46
Cocoa
44
Coffee
23,24,44
Coke
46
Collections, department stores
26
Commercial paper
31,32
Communications
38
Construction:
Contracts awarded, indexes
24
Costs
25
Highways.
25
Wage rates
30, 31
Copper
52
Copper wire cloth
53
Copra and coconut oil
40
Corn
43
Cost-of-living index
-.___
23
Cotton, raw and manufactures
23, 24, 57
Cottonseed, cake and meal, oil
40
Crops
23,40,42,43,57
Dairy products
___
_ 23,24,42
Debits, bank
32
Debt, United States Government
34
Delaware, employment, pay rolls
28,30
Department-store sales and stocks
27
Deposits, bank
32
Disputes, labor
29
Dividend payments
35,36
Douglas
fir
48
Earnings, factory
29,30
Eggs
23,44
m
Electrical equipment
51
Electric power, production, sales, revenues.- 22,41
Electric railways
36
Employment:
Cities and States
28
Factory
27,28
Nonmanufacturing
29
Miscellaneous
29
Emigration
38
Enameled ware
50
Engineering construction
25
England, exchange; United States trade
with
33,36,37
Exchange rates, foreign
33
Expenditures, United States Government
34
Explosives
39
Exports
36,37
Factory employment, pay rolls. _
- 27, 28, 29,30
Failures, commercial
32,33
Fairchild retail price index
23




Page
37
Fares, street railways
29
Farm employees
23
Farm prices, index
34
Federal Government, finance
25.29
Federal-aid highways
32
Federal Reserve banks, condition of
32
Federal Reserve member bank statistics
39
Fertilizers
59
Fire-extinguishing equipment
25
Fire losses
39.45
Fish and fish oils
40
Flaxseed
48
Flooring, oak, maple, beech, and birch
43
Flour, wheat
Food products
. . . . 22, 23, 24, 25, 28, 30.41
47.55
Footwear
25
Foreclosures, real estate
36,37
Foreign trade, indexes, values
51
Foundry equipment
33,
France, exchange; United States trade with36.37
27,59
Freight cars (equipment)
37
Freight carloadings, cars, indexes
37
Freight-car surplus
Fruits
_
- - - 23.42
51
Fuel equipment—_ .
45.46
Fuels.
_
49
Furniture
41
Gas, customers, sales, revenues
46
Gas and fuel oils
46
Gasoline
59
General Motors sales
Glass and glassware
22,27,28, 30.56
47
Gloves and mittens
34
Gold..
_
26
Goods in warehouses
Grains
23, 24, 42.43
56
Gypsum
48
Hardwoods
55
Heels, rubber
24.47
Hides and skins
44
Hogs
25
Home loan bank,I loans outstanding
25
Home Owners' Loan Corporation
57
Hosiery
Hotels29, 30.38
23
Housing
Illinois, employees, factory earnings
28, 30.31
37
Imports
34
Income-tax receipts
26
Incorporations, business
22
Industrial production, indexes
27
Installment sales, New England
33
Insurance, life
35.36
Interest payments
32
Interest rates
32
Investments, Federal Reserve member banks22,49
Iron, ore; crude; manufactures
Italy, exchange; United States trade with. 33, 36.37
33,
Japan, exchange; United States trade with-.
36,37
46
Kerosene
29
Labor turn-over, disputes
44
Lamb and mutton
44
Lard..
_—
52
Lead__
Leather
_
_ 22,23,24,28, 30,47
58
Leather, artificial
.
35
Liberty bonds
40
Linseed oil, cake, and meal
Livestock
23, 24, 43.44
Loans, agricultural, brokers', time, real es31.32
tate
_
_..
59
Locomotives
58
Looms, woolen, activity
46
Lubricating oil
Lumber
22, 24, 27, 28, 29, 48,49
48
Lumber yards, sales, stocks
57,58
Machine activity, cotton, silk, wool
52
Machine tools, orders
Machinery
27,28,29, 51,52
25
Magazine advertising
22
Manufacturing indexes
23
Marketings, agricultural
29.30
Maryland, employment, pay rolls
28.30
Massachusetts, employment, pay rolls
43,44
Meats
Metals
22,23,24,27,28,30, 49,52
39
Methanol
Mexico:
34
Silver production
36,37
United States trade with
42
Milk
Minerals—22, 45,52
34
Money in circulation
National Industrial Recovery Act, highway
25
construction
39
Naval stores
33
Netherlands, exchange
29.31
New Jersey, employment, pay rolls
54
Newsprint
New York, employment, pay rolls, canal
traffic28, 29,38
35,36
New York Stock Exchange
34
Notes in circulation
43
Oats
_
___
Oceania, United States trade with
36,37
Ohio, employment
29
38
Ohio River traffic
_._
Oils and fats
39,40

Page
Oleomargarine
.
40
Paints
40
Paper and pulp___
22,23,28,30,53,54
Passenger-car sales index._
26
Passengers, street railways; Pullman
37,38
Passports issued
38
Pay rolls:
Factory
29
Factory, by cities and States
30
Nonmanufacturing industries
30
Pennsylvania, employment, pay rolls
29,30
Petroleum and products
22,24,28,29,30,46
Pig iron
22,49
Pork
44
Postal business
26
Postal savings
32
Poultry
_
_
23,44
Prices:
Cost of living, indexes
23
Farm indexes
23
Retail indexes
23
Wholesale indexes
_
24
World, foodstuffs and raw material
24
Printing
22,54
Production, industrial
22
Profits, corporation
34
Public
finance
_
34
Public utilities
_
29,36
Pullman Co
38
Pumps
52
Purchasing power of the dollar
24
Radiators
50
Radio, advertising
25
Railroads; operations, equipment, financial
statistics.37,38,59
Railways, street
.
-,
37
Rayon
57
Reconstruction Finance Corporation, loans
outstanding
34
Refrigerators, household
53
Registrations, automobiles
59
Rents (housing), index
23
Retail trade:
Automobiles, new, passenger
.
26
Chain stores:
5-and-10 (variety)
26
Grocery
26
Department stores
27
Mailorder
27
Rural general merchandise
27
Roofing
_
_.
41
Rice
43
Rubber, crude; scrap; clothing; footwear;
tires
_
22,23,24,28,30,55
Rye
43
Sanitary ware
50
Savings deposits
32
Sheep and lambs
44
Shipbuilding
22,27.28,30,60
Shoes.
22,24,28,30,47
Silk
23,24,54
Silver
22,34
Skins
^...
47
Softwoods
48,49
Spain, exchange
33
Spindle activity, cotton
57
Steel, crude; manufactures
22,49,50
Stockholders
36
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks, issues, prices, sales, yields
36
Stone, clay, and glass products
22,
23,27,28,30,56
Sugar
_.
23,24,45
Sulphur
39
Sulphuric acid
39
Superphosphate
39
Tea
23,24,45
Telephones and telegraphs
38
Terneplate
51
Terracotta
56
Textiles, miscellaneous products
58
Tile, hollow building—
55
Timber
48,49
Tin and terneplate
23,24,51
Tires
22,24,28,30,55
Tobacco
22,25,28,30,45
Tools, machine
52
Trade unions, employment
29
Travel
38
Trucks and tractors, industrial electric
60
United Kingdom, exchange; United States
trade with
_
_ . . 33,36,37
Uruguay, exchange
33
United States Steel Corporation
31,36,51
Utilities
29,30,34,35,41,59
Vacuum cleaners
53
Variety-store sales index
26
Vegetable oils
39,4o
Vegetables
_
23,42
Wages
30,3l
Warehouses, space occupied
26
Waterway traffic
38
Wheat and wheat flour
23,24,43
Wholesale prices
24
Wisconsin, employment; pay rolls
29,30
Wood pulp
__
_
53
Wool
22,58
Zinc
_
22,52

THE BALANCE OF
INTERNATIONAL PAYMENTS OF THE
UNITED STATES IN 1 9 3 4
•The thirteenth annual survey of the United States international
transactions made by the Department of Commerce has just been
published. The results, the analysis of our international accounts,
are set forth in detail in
TRADE INFORMATION BULLETIN No. 826
now ready for distribution
The items examined in this study include not only the so-called "visible" exports
and imports but also those transactions coming under the head of " invisibles." In
this latter class are short-term and long-term capital movements, tourist expenditures, immigrant remittances, and interest receipts.




The data in the present study have an important bearing on
the devaluation of the dollar, the international debt situation,
international security transactions, our trade relations with
foreign countries, and related problems.
A summary table is included for the period 1919-34.

Copies of the report may be obtained from the Superintendent of Documents
Washington, D. C. The price is 10 cents per copy. A discount of
25 percent is allowed for orders for 100 or more copies
to a single address

D. S. 0OVERKMEHT PRINTING OFFICE: I93S