Full text of Survey of Current Business : December 1934

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DECEMBER 1934

SURVEY
OF

CURRENT BUSINESS

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



VOLUME 14

NUMBER 12

The usual SEMIANNUAL J?EVISION
of material has been made in this issue. A list of the new data added and
the series dropped is given below. The pages indicated for the new series
refer to this issue, while the pages given for the discontinued series refer
to the November 1934 issue.
DATA

DATA ADDED

DROPPED
Page

Page

Real estate foreclosures
Air mail, pound-mile performance
Department-store collections
Rural sales of general merchandise
Federal Intermediate Credit Bank loans to and
discounts for:
Regional agricultural credit corporations and
production credit associations
All other institutions
Farm Credit Administration:
Agricultural Marketing Act revolving fund
loans to cooperatives
Brokers' loans by reporting member banks:
To brokers and dealers in New York City
To brokers and dealers outside New York
City
Investments of Federal Reserve reporting member
banks:
United States Government direct obligations.
United States Government guaranteed issues.
Other securities
Federal Reserve reporting member banks:
Acceptances and commercial paper held
Loans on real estate
Other loans
„
Reconstruction
Finance
Corporation—Other
loans
Yield on 91- and 182-day United States Treasury
bills
Express carried and miles flown on scheduled airlines
Wholesale prices of straight and malting grades of
no. 2 barley at Minneapolis
„
Stocks of cattle hides and leather
„
Paperboard shipping boxes, production (corrugated and solid fiber)
Stocks of raw wool held by dealers, top makers,
and manufacturers

25
26
26
27

30
30
30
31
31
31
31
31
31
31
31
33
34
36
40
45
51
54

Industrial consumption of electrical energy
(McGraw-Hill) 1
Newspaper advertising, 22 cities (New York
Evening Post) 1
Air mail (weight dispatched) 1
Atlantic and Pacific Tea Company sales1
Loans and discounts of Intermediate Credit Banks
(new breakdown shown)
Farm Credit Administration:
Loans under Agricultural Marketing Act
Brokers' loans by reporting New York member
banks 1
"All other" loans by reporting member banks
(new breakdown shown)
Reconstruction Finance Corporation:
Loans under Agricultural Adjustment Act of
1933
Yield on United States 1 Treasury notes and certificates (3-6 months)
Dividend and interest payments (Journal of
Commerce)
Crude methanol stocks1
.
Refined methanol, production, shipments, and
stocks1
Synthetic methanol, shipments and stocks1
Gross revenue from sales of electrical energy
(McGraw-Hill) 1
Wholesale price "Barley No. 2, Minneapolis"
(new breakdown of grades shown)
Gas-fired boilers, production, shipments, and
stocks1
Machine tools, unfilled orders and shipments 1
Steam power and centrifugal pumps, unfilled
orders and shipments 1
Brass and bronze (ingots and billets), unfilled
orders1
Paperboard shipping boxes:
Operating time in percent of normal
of corrugated and solid fiber boxes1
Life insurance—sales of ordinary life in Canada
by 14 companies

22
26
26
26
30
30
31
31
33
34
34
36
37
37
39
40
47
48
49
50
51
56

i Discontinued by reporting source.

ANNUAL SUPPLEMENTS were not

published
in 1933 or 1934

It is important, therefore, that the tables printed monthly in the SURVEY, giving
back data for the new and revised series, be retained for reference purposes.




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 14

Number 12

DECEMBER 1934

CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1930-34
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 ARTICLES
Summary of the 1933 census of service establishments, places of
amusement, and hotels

16

if ndex of sales of general merchandise in small towns and rural areas..

20

STATISTICAL DATA
Weekly business statistics through November 24

21

STATISTICAL DATA—-Continued
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
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
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, #3, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C.
1


08025—:\4


Page
22
23
24
25
27
30
34
35
36
39
39
43
44
45
46
48
49
50
51
52
53
55
56
Inside back cover

SURVEY OF CURRENT BUSINESS

December 1934

Business Indicators
1923-25 = 100
INDUSTRIAL PRODUCTION

1NDUSTR1AL PRODUCTION

160

160

100
TOTAL (ADJU,STED/ \ ^

! 11 ll 1 III
1|
4 0 ! Mil M i l ! 1 1 !l'i 1 | t 11MIII!Ill!!11

iiiiiiuia mnhiMi

40

CONSTRUCTION CONTRACTS AWARDED

FACTORY EMPLOYMENT AND PAYROLLS
160

200
r UNADJUSTED

100
ADJUSTED*
Hill i n 11111111 miTili 1111

TOTAL FREIGHT CAR> LOADINGS

160

100

FREIGHT CAR LOADINGS L.C.L

UNADJUSTED
IVvvvft.

40

160

ADJUSTED *

j

UNADJUSTED

AD^
^
I l l l l l l l l l l 1111 i 1111111111 iiTfii 11

1

*

40

lnillMinillllll

DEPARTMENT STORE SALES

WHOLESALE

200

160

100

100

PRICES

PROOUCTS

VALUE

VALUE OF EXPORTS
]

2 00

'FARM

iiinhmi

iiiiil

200

OF IMPORTS

s

100
^s~
^

1
1 1
iimlimiliiiiihim

200

100

ADJUSTED

fADJUSTED

^s*—^
Mill

Mill

imihiii!

0 mil mil

BANK DEBITS OUTSIDE NEW YORK CITY

|

i^Kr-4-^T^
iiiiiliimliiiiiliiiii!

-

•'•'*

» « »

IIIIMIIIII

iiiiiliim

FEDERAL RESERVE MEMBER BANK LOANS*
160

~ — ^

Vy

100

100

y*»
Mill

19 30

Mill

19 3 1

ALL OTHER (LUMMLKLIftL)
Mill 11 n n

19 32


http://fraser.stlouisfed.org/ * ADJUSTED FOR SEASONAL VARIATION
Federal Reserve Bank of St. Louis

*^

. \°^

UNALUUSTED*
I

^TOTAL

19 3 3

1
4 0 M M ! l l | t i | iimlnm 11 11liliii M M l l l l l i 1 HUM Mil
19 3 2
1930
1931
1933
1934

1
19 3 4

* REPORT/NG

\>

MEMBER

BANKS

a a /sss

SURVEY OF CURRENT BUSINESS

December 1934

Business Situation Summarized
Distribution of freight by the railroads declined in
October, the adjusted index receding to 57 percent of
the 1923-25 average. Loadings were slightly less than
Industrial production was moderately higher in Octo- in the same month of 1933.
ber; employment and pay rolls recovered from the
Retail-sales reports indicate that consumer purset-back of September; retail-sales reports wrere favor- chasing has been maintained at a relatively favorable
able, and new construction work expanded.
level. Dollar sales have continued to show gains over
Industrial production increased during October by a year ago and these data are indicative of volume
more than the usual seasonal amount, mainly by increases also. October department-store sales were
reason of the sharp increase in output in the textile 7 percent above a year ago; rural general-merchandise
industry. The production index, at 75 percent of the sales were up 12 percent; variety-store sales, 5 per1923-25 average, was 3 points lower in October than cent; and new passenger-automobile sales, 9 percent.
in the same month of 1933; in November the index
A favorable turn in the construction industry was
will probably again move above the level of a year revealed by the October data, increases being shown
ago. Industries recording gains in October included by the contracts awarded, permits issued, and also by
iron and steel, rubber tires and tubes, and plate glass. the employment figures. Contracts awarded in OctoDeclines, after allowance for seasonal movements, ber were 23 percent higher in value than in September,
were recorded by the food products, lumber, automo- although 7 percent less than in 1933 by reason of the
bile, leather and shoe, cement, and tobacco manu- drop in Public Works contracts, which were excepfacturing industries.
tionally large a year ago.
The increase in factory employment in October was
Recent financial developments were featured by the
not sufficient to cancel the losses of the preceding lifting of foreign-exchange restrictions by the Treasury
month. The adjusted index at 77 percent of the 1923- and a renewed inflow of gold. Security prices have
25 average was 4 percent higher than in the preceding reflected the improvement in general conditions,
month, but employment was slightly less than in although movements on the stock exchange have not
October 1933. Factory pay rolls, which increased been uniformly upward. Bank credit outstanding
4.8 percent over September to the approximate level has changed only slightly since the end of September,
of last July, were somewhat larger than a year ago. and new capital issues have continued in small volume.
USINESS improved during October and a conB
tinuation of the slow forward movement is indicated by the available weekly data for November.

MONTHLY BUSINESS INDEXES
Factory employment
and pay rolls

Industrial production
Unadjusted 1

Adjusted ?

Freight-car loadings

Department
Foreign
store sales, i trade, value,
adjusted a
value
2

Merchandise, I. c. I.

Total

i*1

Co
OS

I l l ^ i! l <l

1

Impor

?«

Exports

i

Unadju

«

Adjus

il

i SB
Adjus

I

S I .a

Unadj

Year and month
i!

§

Monthly average, 1923-25=100

1931: October...
1932: October.
1933:
October
,
November..
December
1934:
January
February...
March
April
May
June
July
August
September
October.—

.

Monthly a v e r a g e ,
January t h r o u g h
October:
1932
1933
1934...-

...

75
68

72
67

90

! 78

72
69

76
70
67

84
80

77
83
86
88
89
84
73
73
72
75

75
82
85
89
89
83
71
71
70
73

85
88
91
81
87
87
85
83
87
86 !
i

64

63
77
79

71 L
81 .
86 1.

77 j

80]




1

72.9
63. 0

91
100
90
89
87
85
80
82
SO

75.9
75.0

61.3
44.7
59.4
55. 5
54,5

75. 1
78.4
81.0
82.2
82. 4
81.4
79.4
79.3
73.9
77.0

54,0
60.6
64.8
67.3
67.1
64.8
60.4
62.1
57.9
60.7

69
57

87
72

83 I
69

94

75

87
69

44
33

51
32

91.9
62.6

58
59
63

70
67
64

66
66
68

77
75
121

70
65
69

42
42
48

46
40
42

66.0
60.5
67.4

64
64

65
65
67
67
67
65
64
65
67
66

70
67
66
65
65
65
65
65
64
63

57
59
73
73
77
70
51
60
79
83

69
71
77
77
77
74
72
79
76
74

44
47
50
50
45
50
48
49
48
45

42
42
44
42
47
44
43
39

66.9
59.7
71.4
72.4
71.6
74.8
70.6
68.0
43 ! 65.3
39
73.3
i

36
35
48

35
40
43

64.5 ! 40.9
67.7 47.2
79.0
62.0

Adjusted for number of working days.

73
67
66
2

65
60
68

i

Adjusted for seasonal variation.

66.2
60.1
69.4

i Monthly
I average,
1926 = 100
55
70.3
29
64.4
37
71.2
71. J
48
70.8
67

:$?

72. 2
73.6
73.7
73.3
73.7
74.6
74.8
76.4
77.6
76.5

28
22
33

65.3
65.0
71.8

49
44
33
32
26
26
27
27
29

SURVEY OF CURRENT BUSINESS

December 1934

Comparison of Principal Data, 1930-34




MONTHS

X///////A

REMAINDER OF YEAR

BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS)
0

ii
50

1934 i H i
1932 • •
1930-—
i

100

200

150

U2 _
W777,

250

350

300

WF777 7 1
—

=
=
CONSTRUCTION CONTRACTS
AWARDED - (BILLIONS OF DOLLARS)
4

STEEL INGOT PRODUCTION 0

10

20

30

40

5

6

7

(MILLIONS OF TONS)
50

60

70

i934pHHBBHHBBHi
r^

i

i

i

i

!933 • E 9 | | | I H H H H L Z ]

1932 pBpMpE 1 1

AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS)
1000

2000

3000

4000

FREIGHT CAR LOADINGS -(MILLIONS
0

10

— •
—
1932 ! • ) •— — • i
1931 • • • —>—
1934 [ M M

1933

|

30

20

5000

0F( CARS)

40

50

—

—

1930 • • •

777A

D. D. 7654-

SURVEY OF CURRENT BUSINESS

December 1934

Commodity Prices
commodity prices were about the
WHOLESALE
same in mid-November as in the first week of

Food prices at retail were 115.3 percent of the 1913
level for the 2-week period ended November 6. This
figure showed a continuation of the minor decline
which has been reported for each of the 3 preceding
biweekly periods, following the high of 116.8 in the
period ended September 11. This decline has resulted
principally from the drop in meat prices which have
fallen during this period from a high of 133.8 percent
of the 1913 average to 122.6, a decline of 8.4 percent.
The cost of living of wage-earners for October, as
reported by the National Industrial Conference Board,
remained approximately unchanged from the preceding
month, receding from 81 to 80.9 percent of the 1923
level. The October index is 3.7 percent above that
for October 1933 and 20 percent below that for October
1929.
Prices received by farmers in mid-November, according to the Bureau of Agricultural Economics, averaged
about the same as for the preceding month. The
prices of cattle, cotton, and potatoes declined during
this period; the prices of hogs, dairy products, and eggs
rose; and the prices of grains remained unchanged.
The general level of farm prices was at the pre-war level
in October, having declined from the recent high of
103 percent in September. Last October they were
78 percent of the pre-war level.

October, according to the index of the Bureau of Labor
Statistics. For the week ended October 6, the index
of the 784 commodity and price series was 76.6 percent
of the 1926 level. During the following 4 weeks the
index fell to 76 in the week ended November 3, and
by the week ended November 17 it had recovered to
76.7 percent. The price changes of the 10 groups
composing this index have, likewise, fluctuated within
a narrow range during this 6-week period. In 5 of
the groups, prices increased from 0.4 to 0.7 of a point
and in 5 they fell from 0.1 to 1.3 of a point. The
largest increases were in the farm products, hides
and leather products, and in the fuel and lighting
groups, and the largest decline in the textile group.
Moody's daily index of the spot prices of 15 commodities has likewise moved in a very narrow range
since the first of October. The high during this time
was 147.2 percent of the December 31, 1931, level
(November 16) and the low 142.6 (October 29).
Retail prices, exclusive of foods, as measured by the
Fairchild index, on November 1 were 87.4 percent of
the January 1931 level. On August 1, this index was
0.5 of a point above and on September 1 and October 1,
0.3 of a point above that for November 1.

INDEXES OF COMMODITY PRICES
i

Wholesale (Department of Labor)
Groups and subgroups

~T « E c o n o m i c classesi

IT

i

i. 1 ^

!

2

w

lea ther

be

ise - furnishi
goods

li

•&«

B

d

uel and li

«8

[eats

s j

oods

I!

IS
b£

rains

fig

o ;
a \

!

1

d dru

a i

|

c

bis

heniicals

1

far
1 food

|
!

Year and month

£•5

•d

2
IS

!

©

1
5B

•dg

•d
a

.if
1 !|
1
1

Monthly average, 1926—100

1931: October
J932: October
1933:
October
November
December
1934:
January
...
February-.
March.:
April. ..
May
June.
.
July
August
September....
October
Monthly
average,
January
through
October:
1932
1933
1934

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


71.1
56.4

72.9
70.2

70.7

51. 0
48.2
46.0

77.2
77. 2
77^5

83.9
84.9

81.0 82. 8
73,7 80.3
81.2 83.0
81.0 82.7
81. 0 83. 5

63.0
55.0

80.8
81.0
81.4
81.6
82.0
82.0
81.6
81.8
81.8
81.7

59.6 jj 70.6 71.7 74.0 70. 3 73.7 75.3
51.0 !| 69.9 75. 4 72. 4 65. t 79.3 i 74.7
61.8 li 78.4 86.5 75. 7 73.2 87.0 81.6

48. 9
53. 3
•56. 5

57.3
60.0
62.2
63.4
69.4
76.6
70.0

67.8 i 82. 5

76. 1

85. n

73.4

73. 7

71.. j

72.8

73.6 j

89.0

73. o I 88.2
73.4 ; 89.2

78.3 86. 3
78.7 86. 6
78.5 86.4
78.6 86. V
78.9 87.3
78.2 87.8
78.4 87.0
78.3 1 85.8
! 78.3 | 85. 6

74.4 73. 1 ! 89. 5
75. 5 72.4 89.6
71.4 88.7
88.9
75.5
75.4 72.5 87.9
75. 6 72.8 87. 1
75.4 73.9 86. 3
75.7 74. 6 83.8
76. 5 74.6 84. 1
78.0 ; 85.? 77.1 74.6 83.8

2

I|

11
t3

iIC
03
&

I

w
i

V)

©

13

.22

%

Retail

"* C

Mo.
Den.
Mo.
Mo.
1930
average, average,
average, (Jan.
1909
to
1923 = 1914 =
1913= 1931)=1,
100
100
100
100

66.6
64. 1 !

84. 9 '
76. i :

77
64

119
100

86.2
73.3

77. 1 65.3
76. 8 65.5
76.4 65.7

78.0
77.8
77.3

78
80
78

107
107
104

87.1
88.0
88.0

85.5
87.0
87.1
87.9
89. 1
87.7
86.8
86. 7
86. 6

77.5 !
78.3
78.5 i
78.4
78.6
78.8
79. 1
79. 6
81.0
80.9

77
83
84
82
82
86
87
96
103
100

105
108
109
107
108
109

86.3

76.5
76.9
76.5
75.3
73.6
72.7
71.5
70.8
71. 1
70.3

117
116

88.5
89.5
89.6
89.4
88.6
88.2
87.9
87.7
87.7
87.4

80.4
79. 4
87.1

55. 5 64.6
62.0 61.7
73.5 69.5

65
69
88

103
98
110

76. 5
75. 5
88.5

67.5
68.5
69.3
69. 5
69.8
70.2
69.9
70.2
70.2
69.7

no
112

j

2

Middle of month.

a

78.2
74.2
79.1

Index is for 1st of following month.

SURVEY OF CURRENT BUSINESS

December 1934

Domestic Trade
of consumer purchasing at a
MAINTENANCE
relatively favorable level is indicated by the

The September-October increase in rural sales was
unevenly distributed geographically, varying from 27
October statistics. Retail sales reports show sub- percent in the eastern area to 4 percent in the Middle
stantial dollar increases over a year ago and, as retail West. Sales in the far Western States were 1.5 perprices other than foods have not changed very much in cent less than in September. References made in this
the year's interval, these may be accepted as indicative section to rural sales in recent months have been based
on figures contributed by four companies. These data
of volume increases as well.
Percentage increases in sales, as compared with 1933, have now been utilized in computing a new index of
do not show as wide a divergence as in the earlier rural sales of general merchandise which is presented
months of the year. The increases for rural general on page 20 of this issue.
merchandise was 12 percent and for department stores
As the decline in new passenger car sales in October,
7 percent, while variety store and chain food store was less than the usual seasonal drop, the adjusted
sales were 5 percent and 1 percent higher, respectively. index advanced from 53 percent of the 1929-31
Sales of new passenger automobiles were 9 percent monthly average in September to 58 percent. November usually brings a sharp recession in sales, alabove a year ago.
Department-store sales in October increased over though this year one of the leading low-priced cars
the preceding month by less than the usual seasonal has been produced in volume through the week ended
amount. The adjusted index receded to 74 percent November 17 indicating that this particular car at
of the 1923-25 average, compared with 76 in Septem- least was still enjoying a favorable market.
Newspaper advertising expanded seasonally during
ber. All of the Federal Reserve districts reported
increases over the same month of 1933, whereas in October and was slightly in excess of the volume
September sales in the three districts in the north- of October 1933. For the elapsed 10 months of the
eastern part of the country were below the comparable year the volume was 11 percent larger than a year
ago.
1933 totals.
Commercial failures increased in October after
The increase of 11 percent in sales of general merchandise in small towns and rural areas in October was establishing in September the lowest monthly total
below seasonal expectations. As the expansion in such reported since 1920. As seasonal factors influenced
sales during September was unusually large, the sea- this movement, the recent data are not indicative of
sonally adjusted index for October was still about 13 a reversal of the downward trend which has been evident for a considerable period.
percent higher than in August.

DOMESTIC TRADE STATISTICS

Chain-store sales

Department stores
Year and month

Sales

Stocks 3

Unad- Adjust- justed 2
ed^

Unad- Adjust- justed 2
ed

Monthly average, 1923-25 = 100
1931: October
1932: October
1933:
October
November
December
__..-.
1934:
January
February
March.
April
May.....
June
July..
August..
September
October
Monthly average January
through October
1932
1933
1934-

-

94
75

87
69

89
67

77
75
121

70
65
69

77
78
62

57
59
73
73
77
70
51
60
79
82

69
71
77
77
77
74
72
79
76
74

59
63
67
68
68
63
59
61
67

f,5
60
68


http://fraser.stlouisfed.org/
• Corrected to average daily basis.
Federal Reserve Bank of St. Louis

1

66
60
65
s

New passenMailger car sales
order
and
store
sales, 2 Unad-! Adhouses just- justed » i ed *

Variety stores
Combined
index
Unad- Ad(18 com- just- justpanies) * ed!
ed 2

Employment

Pay i Unad- Adrolls |justedi justed 2

Avg. same M o n t h l y aver- h T h o u M o n t h l y aver- !| M o n t h l y aver- j
m o . 1929- age, 1929-31= j! s a n d s of age, 1929-31 = 100 I! age, 1929-100
31 = 100 !
100
i: dolls.

82 I

U

j Freight-car
i loadings, mer- Commercial
failures
! chandise l.c.1.

Wholesale
trade

Retail trade

66
65 I

91
91

65 |
66
65
64
64
64
64

92 j

90
92
91
93

!
!
1
i

95 I

85 ,
83 !
92 I

70,660
52,870

66.0
64.1
64.5

70
67
64

1,206
1,237
1,132

30,582
25,353
27,200

82. 4
33.5
83.0
54.5
83.6
64.5
83.9
59.0
84.6
55.5
63.5 ! 8 1 1
67.0 1 84.0
56.0 ! 8 4 - 3
53.0
85. 3
58.0
M.1

63.9
64.6
65.7
66.8
66.3
66.5
67.6
66.4
67.4
68.3

65
65
67
67
67
65
64
65
67
66

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

32,905
19,445
27,228
25, 787
22,561
23,868
19, 326
18,460
16.440
19,968

1 73.4
76.8
84.1

67.8
59.6
66.4

73
67
66

2,728 ! 81,050
1,794 i 45.02^
1,030 : 22,59*

38.5
22.3

46.5
28.0

85.2
77.8

79.9
63.9

86.9
86.8
153.7

85.6 |
85.5 !
83.3 !

53.314
52.037
61,971

42.7
33.0
17.3

53.5
53.0
30.5

83.5
83.4
83.3

70.2
73.0
87.2
82.5
90.0
86.3
79.7
79.9
85.5
91.2

94.2
87.5 1
94.8 i
87.2 i
90.0 li
90.8 •
89.5
90.3
89.5
89.8

36, 705
36,016
43, 592
46,037
51.072
46, 330
37. 387
44.134
52.997
64,134

22.8
45.7
68.4
87.9
78. 1
84.6
73.9
63.1
51.9
46.6

30, 730
36, 323
45, 840

38.8
46.9
62.3

Adjusted for seasonal variation.

3

Nuiii- i Thouber- !ofsands
dolls.
2.362
2.273

52, 280
45,423

75.4
74.7
82.6

Liabilities

72 !

91.4
80.1

92.8
81.3

100

Failures

F.Mcl-of-month figures.

l

87

on p. 26 of the Nov. 1934 issue.

SURVEY OF CURRENT BUSINESS

December 1934

Employment
employment increased 3.7 percent beFACTORY
tween the middle of September and the middle of

goods type, reported large relative gains in this period.
Among these were the locomotive industry, 68 percent;
October, according to data collected by the Depart- engines, turbines, tractor, and waterwheels, 35 perment of Labor. This increase resulted primarily cent ; machine tools, 28 percent; electric and steam railfrom the resumption of operations in the textile in- road cars, 22 percent; cement, 23 percent; smelting
dustries following the termination of the strike. The and refining of nonferrous metals, 14 percent; and
gain for all manufacturing industries was not sufficient automobiles, 17 percent. The index of employment
to restore to work as many as were dropped by fac- in the durable group of industries as a whole, however,
tories in September, despite the fact that 50 of the 90 in October was 63.3 percent of the 1923-25 average
industries surveyed reported increased employment. as compared with 95 for the nondurable group.
Factory pay rolls in October were 4.8 percent above
More persons were employed in October than in
September in 6 of the 14 major industrial groups. September and 2.2 percent above October 1933. As
Aside from the textile group, gains were slight and rep- was true for factory employment, the Septemberresented mainly seasonal increases in individual in- October increase was largely the result of the improved
dustries. Seven of the group indexes declined, while situation in the textile group. A somewhat larger
that for the the iron and steel group was unchanged. number of industries (60) reported pay-roll increases
Increases in some of the individual manufacturing in October as compared with September than reported
industries may be traced to a larger volume of employment gains. More than half reported pay-roll
business unrelated to seasonal factors. The 7.6 per- increases over October 1933.
cent gain in the agricultural implement industry, for
Increases in employment from September to October
example, reflects for the most part the recent non- occurred in 9 of the 18 nonmanufacturing industries
seasonal improvement in sales. Other industries in reporting to the Department of Labor, and gains in
which such increases occurred are plumbers' supplies, pay rolls were shown in 14 of these 18 industries. The
lumber millwork, pottery, and soap. In the 40 in- largest relative employment gain was in the construcdustries in which declines occurred, seasonal influences tion group, which showed an increase of 3.4 percent.
predominated in all but a few.
The various employment programs financed by the
Despite the 1.3 percent decline in the number em- Federal Government showed mixed trends for the
ployed in factories in October as compared with a year month ended October 15. The net gain for the three
ago, several industries, most of them of the durable major agencies was about 50,000 workers.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls
Employment
Year and
month

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

Pay
rolls

Em-

«te

Unad- A d Unadjusted justed1
I

Pay
rolls

Bituminous
coal mining
Employment

Month!v average
1923-25=100
1931: October . . .
1932: October..,
1933:
October
.
November..
December...
1934:
January
February.._
March......
April....._.J
May...
j
June
.._]
July
_._!
August...... j
September..
October.. __
Monthly aver- j
age, January I
through Octo- I
ber:
1932... .,
!
!
1933
1934 . . .
I

Pay
rolls

Power and 11 Telephone ' Retail trade
light
|i and telegraph
|| EmEmploy|| ployment ! rolls | ment

Pay
rolls

Em- I p
ploy- **>
ment ! rollft

Wages
Tradeunion
Factory *
memCombers employed Average Average mon
weekly hourly labor
earnings earnings
Percent

of total
members

Monthly average, 1929 = 100

Cents
per
hour

Dollars

74.4
64.4

72.9
63.0

61.3
44.7 |

86.8
63.9

91.1
66.7

81.3
67.0

56.2
37.8

92.7
79.9

93.2 i 84.1
74.4 i 76.2

91.6
75.7

89.8
81.3

21.21
16.86

.560
.474

35
32

79.6
76.2
74.4

77.8
75.9
75.0

!
55.5 '
54.5 ;

56.9
61.0
54. 5

61.6
47.8
4,3

68.0
74.8
75.4

44.1
50.7
50.8

82.2
82.6
81.8

76.2 ! 68.7
74.5 ; 68.9
74.4
69.4

67.0
67.7
67.7

89.6
91.6
105.4

19.50
18.44
18.57

.542
.546
.550

37

73.3
77.7
80.8
82.3
82.4
81.0
78.6
79.5
75.8
7*. 6

75. 1
78.4
81.0
82.2
82.4
81.4
79.4
79.3
73.9
77.0

54.0 J

73.2
65.8
82.4
51.7
64.0
53.3
42.3
39.7
47.0
48.3

75.8
76. 1 I
77.8 !
72.2
76.7
76.7
77.0
77.1
78.2
79.3

51.3
54.6
58.9
51.4
54.4
55.1
49.7
50.4
51.4
57.8

82.2
81.2
81.7
82.4
83.1
84.0
85.0
85.6
85.8
85.8

73.8
74.4
75.6
76,8
77.6
77.8
81.1
79.9
79.3
80.6

70.2
70.0
70.2
70.2
70.4
71.0
71.0
70.9
70.3

69.0
67.9
70.4
68.8
71.4
71.3
72.3
74.0
72.2
74.9

84.6
83.8
87.2
88.2
88.8
88.2
83.3
81.8
87.6
88.9

18.89
19.81
20.49
21.00
20.79
20.70
19.92
19.59
19.53
20.03

.551
.658
.661
.579
.586
.586 *
.588
.591
.593

37
37
42
43
43
43
42
41
41
41

53.7
45.8
56.8

66.9
66.5
76.7

35.2
35.2
53.5

83.9
78.1
83.7

81.1
71.5
77.7

79. 9
70.7
70.4

82.6
68.3
71.2

79.4
78.4
86.2

17.20
17.55
20.08

.603
.479
.578

34
41

i

64.4
67.7
79.0




1

60.6
64.8
67.3
67.1
64.8
60.4 i
62.1
57.9
60.7

64.1
63.2
67.5
58.2
63.8
67.5
53.6
49.5
56.9
58.5

46.9
47.2
62.0

62.6
50.5
59.3

i

Adjusted for seasonal variations.

i 69.8

!
!
!
*
i

* National Industrial Conference Board.

.587 I

33

SURVEY OF CURRENT BUSINESS

8

December 1934

Finance
the 7-week period ended November 14
DURING
outstanding loans and investments of the reporting member banks declined by $30,000,000. This
change resulted from the further decline in loans on
securities as nonsecurity loans were about the same in
mid-November as at the end of September and investments were higher.
An analysis of the statistics of the reporting member
banks by the Federal Reserve Board reveals that
in the 4 months ended October 31 total loans and
investments increased $117,000,000. Loans on securities declined $433,000,000 in this period, investments
increased $300,000,000, acceptances and commercial
paper holdings increased $49,000,000, loans on real
estate declined $25,000,000, and other loans increased
$226,000,000. Of particular significance is the increase
in the last-named figure which consists largely of credit
advanced to finance agriculture, commerce, and
industry.
Security prices advanced during October and the
forward movement has been extended during November. Standard Statistics7 index of 421 stocks in October was 67.3 percent of the 1926 average, or approximately the same as in October 1933. While the
market as a whole has made no progress in this 12month period, considerable variation is evident in both
individual stocks and groups of stocks. Public utility
and railroad stock " averages" have declined during
this period, the former receding by the middle of
November very close to the low of the depression.

Corporate financing through public offerings for the
purpose of obtaining new capital was virtually negligible in October, according to the Commercial and
Financial Chronicle, which reported a total of only
$390,000. Security offerings during the first 3 weeks
of November were also in small volume. A significant
development of the latter month was the announcement by a large industrial company that the refunding
of $82,000,000 of called bonds would be handled by the
private sale of debentures and the proceeds of substantial bank loans.
Another interesting announcement was that issued
by the Treasury Department lifting the foreign exchange restrictions. An order of November 12 grants
a general license authorizing any and all transactions
in foreign exchange, transfers of credit, and exports of
paper currency (other than gold certificates) and silver
coins.
Corporate, profits for the third quarter of 1934 make
an unfavorable comparison with 1933, although for the
9 months ended September profits were considerably
greater than in the first three quarters of last year.
Tabulation by Standard Statistics of the results reported by 336 corporations show an aggregate decline
for the third quarter of 39 percent as compared with a
year ago. The decline for industrial corporations was
32 percent and for utilities 23 percent. Nine months7
profits of 278 industrial corporations were $397,228,000
or 108 percent above 1933, while 40 utilities reported a
reduction of 8.1 percent to $197,799,000. The deficit reported by the railroads was somewhat less than in 1933.

FINANCIAL STATISTICS
1
Federal
Reserve
bank
credit
outstandIning,
vestend of
ments 1month

Net
Total
gold
Bond
bankimSavings deposits Stock prices,
ers' ac- ports
prices
New
ceptinMoney
in
York
New
(421)
ances cluding
Stand- Stock capital i
outgold I circuExissues
ard
standrelation
New
Postal Statis- change
ing,
leased
tics
(doYork i Savend of
from
mestic)
State
ings
month
earmark Millions of dollars
1926=100 Dollars Thous.
of dollars

Reporting member
banks,
Wednesday
closest l to end of
month

Year and month

Bank
debits
outside
New
York ! Loans
City |i on
! securi1 ties

1931:
October
18,125 i
November
14, 605 :
1932:
October
12,354
November
10, 935
1933:
October
13, 027
November
! 11,927
December.-- 13,288
1934:
!
January
! 13,198
February
i 11, 784
March. - ._ . . . i 14,077
April
_.j 14, 278
May
i 14,105
J u n e . . . . ._ . i 14, 754
July
! 13,910
August
j 13, 420
September . - | 12, 888
October...
! 14, 465


http://fraser.stlouisfed.org/ 1 91 cities.
Federal Reserve Bank of St. Louis

2

All
other
loans

|

1

2,184
1,931

1,040
1,002

2,227
2,202

699
720

3,786
3,764

5,217
5, 218

3,604
3,569
3,620

4,989
4,999
4, 765

8,156
8,104
8,200

2,549
2, 581
2,688

737
758
764

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

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

8,772
9,215
9,311
9,326
9, 280
9,723
9,889
9, 906
10,017
10, 030 i

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

771
750
685 |
613 1

Set exports indicated by ( —).

3

569
534
516
520
539
562

Dollars

Percent

-445. 3 I 5,478
117.7 i 5,518

5,217
5,213

537
565

69.7
71.7

86.13
44, 988
84. 13 ! 110,215

2.10
2.05

2 -43i
3%-4M

;

5,643
5,643

5,271
5,265

872
885

49.9
47.5

82.04 j 100,024
81.36 j 45,000

1.24
1.22

1^-2^
13HM

-5.5 '

5,656
5,681
5,811

5, 049
5, 029
5, 064

1,189
1.199
1, 209

69.5
69.1
70.4

84.70
82.98
85.11

58, 176
88, 257
57, 000

1.06
1.10
1. 11

iH

5,669
3 5, 339
5,368
5,366
5,355
5,341
5,350
5,355
5,427
5,473

5, 067
5, 076
5,122
5, 097
5, 090
5, 134
5,114
5, 054
5,145
5,128

1, 201
1, 200
1,200
1,197
1,197
1,198
1,190
1,193
1,193
1,198

75.6
80.5
77.1
79.6
71.8
73.5
71.4
67.8
67.0
67.3

88.77
47, 775
79,121
90.12
97, 276
91.09
92.54 143,404
92.32 102, 733
93.16 122, 506
92. 00 216,645
91. 13 179, 548
90.05
43, 375
91.23 £121,903

1.12
1.15
1.16
1.16
1.18
1.19
1.21
1.23
1.23
1.24

WATVA

66.4
70.3
—.5
2.7

i
j
I
i

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

9.4

521.2
236.5
53.6
34.1
64.7
52.9
36.2
-16.3
10.6

1H-VA
1 -1M

l -vk
l
H-i
M-i
H-i
H-i

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

SURVEY OF CURRENT BUSINESS

December 1934

Foreign Trade
and paper and manufactures. Electrical machinery
(chiefly radio apparatus), gasoline, advanced manufactures of iron and steel, and rubber manufactures
The increase in the value of exports was 8 percent and increased in value during October. The value of
cotton manufactures was almost the same in the two
the decline for imports 2 percent.
The expansion in export trade during October periods. Among the semimanufactures, heavy iron
resulted primarily from larger shipments of agricul- and steel and paper base stocks were the leading items
tural products—chiefly raw cotton, leaf tobacco, and showing declines.
The October decline in imports for consumption was
fruits. Crude material exports increased 25 percent
in value as compared with September, while foodstuffs considerably greater than the decrease in general
exports advanced 9 percent. Raw cotton exports were, imports, owing to the slowing up in the movement of
however, relatively small as compared with shipments Cuban sugar into United States markets from bonded
in the corresponding month of other recent years. Total warehouses. Imports of Cuban sugar for consumpunmanufactured cotton exports were only 336,190,000 tion totaled 534,600,000 pounds in October as compounds valued at $43,434,000, compared with an aver- pared with 1,530,000,000 pounds in September.
age of 544,840,000 pounds valued at $49,716,000 in
A number of leading imports, namely, copper, newsOctober of the period 1930-33. Unmanufactured to- print, wood pulp, alcoholic beverages, including wines,
bacco exports totaled 64,810,000 pounds valued at and coffee, increased substantially during October.
$26,257,000 in comparison with an average of 63,184,000 The quantity of beverage and coffee imports was
pounds valued at $15,615,000 in the same month of the larger than in any month since March 1934; copper
four preceding years.
imports were the largest since June; newsprint, the
Finished manufactures and semimanufactures com- largest since May; and the quantity of wood-pulp
bined declined 4 percent in value during October. imports was the largest since November 1933. ImThese two classes, however, showed an increase of 16 ports of fruits, nuts, and vegetables showed the usual
percent in value as compared with October 1933. Semi- seasonal advance while nursery and greenhouse stock,
manufactured exports alone were 3 percent smaller in which had expanded greatly in September, declined.
value than in September but 18 percent greater than Total imports of finished manufactures and semiin the same month of the preceding year.
manufactures increased slightly in value, while crude
Leading articles responsible for the decline in total materials and foodstuffs, chiefly sugar, registered
finished manufactures in October included automobiles, declines.
aircraft, well and refinery machinery, lubricating oil,

XPORTS increased in value during October by less
E
than the usual seasonal amount, but general imports declined slightly contrary to the usual trend.

EXPORTS AND IMPORTS
Indexes

Year and month

193T October
1932: October .
1933:
October
November
December
1934:
January
February
March..
__ _.
April
May
June
. . . -- July
Aueust
September
October
Cumulative, January
through October:
1932
1933
1934

Exports of United States merchandise

ExValue Value ports,
inof
of
cludtotal
total
ing
imexreexports, ports,
adports
adj u s t e d ' lusted i
Monthly average, 1923-25=100
44
51
32
33

Foodstuffs

Total

Raw
cotton

Total

Fruits
and
preparations

manufactures
Semimanufactures

Total

Machinery

Automobiles,
parts,
and
accessories

Total

Crude
materials

Foodstuffs

FinSemi- ished
man- manufac- ufactures tures

Millions of dollars
201.4 !
151.0 !

63.6
60.5

39.8
40.0

39.3
25.2

16.2
12.2

21.2
16.9

77.3
48.4

20.1
11.6

8.6
5.0

168.7
105.5

52.4
27.2

36.8
33.5

29.0
16.7

50.5
28.1

42
42
48

46
40
42

193.1
184.3
192.6

190.8
181.3
189.8

81.8
71.3
73.1

54.2
48.8
44.3

23.5
24.1
24.3

11.0
9.7
8.3

24.4
24.2
28.5

61.1
61.7
63.9

13.5
16.0
15.8

8.6
7.3
9.3

150.9
128.5
133.5

46.9
37.3
36.2

34.8
30.6
42.4

33.2
27.8
27.2

36.0
32.8
27.7

44
47
50
50
45
50
48
49
48
45

42
42
44
42
47
44
43
39
43
39

172.2
162.8
191.0
179.4
160.2
170.6
161.8
172.0
191.7
206.4

169.5 !
159.7 i
187.5 i
176.5
157.2
168.0 '
159. 2 !
169.8
189.2
203.6

60.4
54.2
55.3
45.9
38.0
47.0
37.2
39.7
66.4
82.9

41.5
37.7
34.7
24.5
17.6
28.9
20.3
17.8
32.2
43.4

22.7
19.6
20.1
17.8
16.8
14.9
17.1
22.1
20. 1
21.9

8.4
6.8
5.5
4.4
3.3
4.0
2.9
7.7
7.1
9.0

25.0
24.5
31.4
29.4
26.2
27.9
28.8
29.4
29.7
28.8

61.4
61.4
80.8
83.4
76.2
78.1
76.2
78.7
73.0
70.1

14.4
14.6
18.3
19.2
17.0
18.6
18.9
20.2
18.8
18.7

10.8
13.2
20.6
21.5
20.6
20.0
18.4
15.3
14.0
12.4

128.7
125.0
153.1
141.1
146.9
135. 0
124.1
117.3
149.8
137.9

35.7
36.9
44.9
41.0
42.8
42.6
39.1
34.2
38.6
35.1

39.3
38.3
48.6
45.6
46.3
39.3
29.1
30.8
57.3
46.8

26.4
22.2
29.7
26. 1
26.9
26. 8
27.5
23. 0
24.2
26.1

27.3
27.6
29.8
28.4
30.8
26.4
28.5
29.2
29.6
29.9

406. 1
446.2
526.9

267.6
305.1
298. ft

205.7
154.6
193.0

63.9
49.7
59.0

166.4
184.3
281.1

532.6
491.0
739.3

111.7
100.7
178.6

66.8
74.0
166.8

1,121.2
1,187. 5
1,358.8

301.8
344.7
390.9

346.8
344.2
421.4

183. 6
236 9
259. 0

289. 1
261.7
287.5

3 35
3 34
3 48

2

Total

Imports
Finished

204.9
153.1

3 35 1, 340. 6 1,310.8
3 37 1, 298. 1 1, 276. 1
3 43 1, 768. 0 1,740,3

1 Adjusted for seasonal variations.

9 8 0 2 5 — 3 4


Crude
materials

2

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

3

M o n t h l y average.

10

SURVEY OF CURRENT BUSINESS

December 1934

Real Estate and Construction
the favorable reports covering the past
AMONG
month were those released on private building

One of the more significant aspects of the October
statistics Mas the marked increase in the number of
projects covered by the contract totals. These were
in excess of 10,000 for the first time since July 1931,
and, coupled with the fact that the increases were
widely distributed geographically, suggest rather extensive improvement. All of the major areas into
which the country is divided for reporting purposes,
with the exception of upstate New York, showed higher
contract totals in October than in September.
Residential contracts awarded during October were
47 percent higher in value than in September, and 22
percent higher than a year ago. The September figure
was, however, unusually low. Public works and public
utilities also contributed an important share of the
increase in the total, but nonresidential awards were
only slightly above those for September. October
awards for all classes of construction were 7 percent less
than in the same month of 1933 by reason of the drop
of 39 percent in public works contracts.
Despite these and other evidences of improvement in
the real-estate field, the number of foreclosures reported
each month indicates the continued existence of decidedly adverse conditions, although so far during 1934
foreclosures have been about 11 percent fewer in number than in 1933 in the communities from which statistics are gathered each month. In communities
having somewhat more than half of the population of
the country, the total has been close to 16,000 each
month. These statistics appear for the first time in
the STIKVEY on page 25.

activity, both contracts awarded and permits issued
recording improvement. As the construction industry
has been a laggard in the recovery that has occurred
up to the present time, notwithstanding the large
amount of public funds used to relieve the situation,
any evidence of a broadening of private activity may
be regarded as an encouraging development.
It is impossible to determine the extent to which the
Federal housing drive has contributed to the recent
increase in building activity. Evidence that Federal
encouragement of improvements and modernization
has produced seme results is provided by the substantial
gain in the building permits issued during October.
The number issued in 766 cities for additions, alterations, and repairs was 15 percent higher and the
estimated cost of the construction covered 36 percent
higher than the comparable figures for September.
Since most repair jobs do not require contracts, such
work has not been reflected to any extent in the
totals of contracts awarded.
Construction contracts awarded during October in
the 37 States covered by the F. W. Dodge Corporation
statistics were 23 percent higher in value than in September. As the usual movement during this period is
downward, the Federal Reserve Beard's seasonally
adjusted index, which is based on a 3-month moving
average (including an estimate for November), rose 2
points. The October index was less than one-third of
the 1923-25 average.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE

Year and month

i F. H. B.
j index
All types of
adconstruction
Justed >
Monthly
average,
1923-25 =
100

1931: October
1932: October
1933:
October
November
December....
1934:
January
February..
March
April
May
_.
June..
July.
Aupust
September
October
Monthly average, January through
October*
1932

1933
1934.

Residential
building

MilNum- MilMilber of lions of lions of lions
of
proj- dollars square dollars
ects
feet

^Highways! <
II * n d e / r Conjiconstruc- strucExplotion
li tion
sives,
(National costs,
new Maple Oak
fcng.
IndusPub- orders
CeNewstrial
floor- floor- ment
lic
Recing
ing
Eecovery ord^
works
Act)
Building-material
shipments

Construction contracts awarded
Public
utilities

Millions of
dollars

242
107

15.2
6.0

60.5
21.9

40.4
8.3

42.6
50.2

28,425
23,749

2,703
2,031

18,203
10,657

12,360
8,743

7,476
6,232
7,677

145
162
207

6.4
5.9

21.5
23.6
23.9

7.0
6.9
34.0

85.7
104.1
99.2

25,084
23,256
23,318

3,236 8,624
2,300 10,017
3,234 6,417

6,750
4,463
3,738

7,729
5,507
7,927
8.114
9.153
8.368
7,182
7.625
7,666
10,013

186
97
178
131
134
127
120
120
110
136

3 9
3.6
8.0
6.0
6.2
7.5
4.8
5.0
4.S
7.0

15.1
14.5
28.1
22.7
24.8
26.6
19.8
18.6
17.9
26.3

10.6
6.4
21.0
12.4
5.6
13.1
7.9
8.7
6.5
12.6

1G3.1 28, 504
46.7 25,584
71.9 27,725
57.5 26,958
61.2 24, 231
44.3 24.812
31.2 23, 384
41.9 26,063
43 5 25,489
52.6 26,892

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

5,137
8,112
13,711
9,476
9,813
7.965
7,713
9.041
9,003

3,778
2,952
4,618
6,492
8,784
8,539
7,893
8.297
7,388
8,439

6,666
7,131
7,928

117
89
134

6.5
6.1
5.7

24.8
20.2
21.4

6.5
6.2
10.5

2,264
2,683
3,986

11,467 7,296
10.651 I 5,589
! 6,718


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


42.8
29.6
54.4

Monthly av- Thousands of
erage,
dollars
1913=*
100

Thou- Thousands of ThouThousands of
feet, board sands of; sands of
pounds
measure
barrels
dollars

8.701
6,483

18,819
20,281
25,964

(
Long-! H"oomme€
•«..™ I Loan
term
real- Bank,
estate loans
outbonds standissued ing

169.8
159.2

9,125
0

92,215
134,491
159, 575

187.7
190.1
192.1

0
0
0

73,110
80,699
88,442

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

191.3
194.0
194.0
195.9
199.6
199.6
199.7
198.4
200.6
200.9

0
0
0
0
0
0
400
0
0
0

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

237,609

156.7
166. 0
197.4

325
90
40

40.582
88,701

* Index is as of first of month, Nov. 1, 1934, 201.4.

e 9 month's average.

11

SURVEY OF CURRENT BUSINESS

December 1934

Transportation
Orders for railway equipment during the first 10
months of the current year have been considerably
above those for last year, largely because of orders
past 15 years for this period. In the week ended No- placed early in the year with funds borrowed from the
vember 10, loadings were above those of the corre- P. W. A. During recent months but few orders have
sponding week in 1933 for the first time since the last been placed.
week in June, but in the week ended November 17
The percentage of freight cars undergoing or awaiting
they were again below the 1933 level.
repairs, as of October 1, was the highest reported figure
Loadings for October, after adjustment for seasonal since 1922, and was within 1 point of the record reached
variations, declined 2 points from the preceding month in 1921, when 16.6 percent were so reported for 1
to 57 percent of the average for 1923-25. Only one month. The maximum figure for 1929 was 6.6 percent
class of freight showed an increase after seasonal ad- and for 1930, 7.1 percent. Twenty-one western and
justment, namely, miscellaneous freight, which repre- southwestern railroads have recently agreed to a prosents more than one-third of the total loadings. The gram calling for the air-conditioning of 2,500 passenger
greatest decline for the month was in livestock ship- cars for the 1935 summer season. As now planned,
ments, which dropped 25 points to 62 percent of the every important through train in the western territory
shipments for the base period. This followed a decline this coming summer will be air-conditioned throughout.
of 20 points in September from the abnormally high
Attention has recently been directed to the proposal
loadings of August.
that extensive grade crossing elimination be underNet railway operating income for the first 9 months taken with a view to furnishing employment and at
of the current year was 0.3 percent above that for the the same time promoting public safety and facilitating
preceding year, but traffic data for October indicate increased speed of train movements. The Railway
that net railway operating income for the 10-month Business Association has asked that P. W. A. funds
period was less than that for the corresponding period be provided for this purpose, and the National Assoof last year. The number of employees of steam ciation of Railroad and Utility Commissions at its
railways, excluding switching and terminal companies, recent anuual convention adopted a resolution urging
as of the middle of the month, declined in October consideration of the advisability of a special Federal
appropriation to carry forward such work.
for the fourth consecutive month.

REIGHT-CAR loadings have continued at a low
F
level through October and the first half of November, at from 62.5 to 65.7 percent of the average of the

RAIL AND WATER TRAFFIC
i

3

I?
J

Year and month
o

is

a i g

5

8 !£ 5

Monthly aver- ]
age, 1923-2'*- 100
1931: October
1932: October
1933:
October
November
December
1934:
January
February
March
April
May
June
July
August
September
October
Monthly average, January through October:
1932....
1933
1934
• Daily average basis.



146.3
136.6

58 658.1 i 126.8
59 ' 591.5 '! 125.5
63 , 513.1 ! 114.1
ti4
64

63 I
2

I

J3

I

I

2
©

o. ,i
4.9

24.2
38. 7 ! 29. 4 215.4
23. 7 178.0
18.8 | 33. 5

6.8
6.4
6.7

24.8
23.4
18.1

29.9
30.9
25.9

23.2
20.5
15.1

18.3
21.8
23.7
24.2
25.1
24.6
20.8
22.3
22.0
22.4

29.4
30.1
29.6
26.5
28.1
34.9
! 42.7
! 40.1
! 34.8
i

541.4
577.2
611.8
5S3.7
610.4
615.6
586.6
605.0
628.5
632.9

! 129.8
j 143.8
145.9
j 100.3
i] 106.8
[i 100.3
it 93.2
! 95.9
! 116.1
11 121.0

7.7
10.1
8.9
5.8
6.8
6.8
4.4
4.1
5.2
5.6

546.7
563.9
600.9

98.2
107.1
115.7

4.1
5.5

L

Canal traflic

1
If I

cs

a

Thousands

Thousands of cars *
7.Vv9
633 5

Fin a nei al

I railroads

S3

Frei ght-c

3

t©

Puil

F. It. B. index

f

i

statistics, class

Freight-ear loadings

a
O

Thousands of
dollars

Thousands of
short tons

Thous.
of long
tons

18.6
6.5

280,8
231.5

535
545

1,674
1,158

359, 037
295,175

63, 100
62, 784

6,248 !
3,924

505
554

930
723

173.0
166.7
148.5

29.9
7.4
2.9

243.8
210.7
181.9

385
441
463

1,256
1,054
1,333

294,342
257,676
245,330

57, 265
37,566
37, 764

7,154
3,014
172

593
664
0

1,082
964
922

17.5
15.3
13.4
16.3
16.2
15.4
22.2
30.9
34.1
2S. 5

153.8
156.9
165.5
166.0
164.9
157.7
153. 2
159.6
159.3
163.2

3.1
3.1
3.7
7.4
20.7
33.1
31.3
29.0
24.4
17.1

184.8
196.2
221.0
237.4
241.6
242.7
218.7
223.1
232.5
244.5

434
375
357
368
355
343
348
359
318
328

1,306
1,132
1,227
1,212
1,122
1,303
1,280
1,403
1,354

258,006
248,439
293,178
265,391
282, 024
282, 779
275,984
282, 679
275,511
293,300

30,931
29,281
52,038
32, 265
39,495
41,836
35, 221
39, 677
41,020
49,200

0
0
0
13
5,745
7,901
7,522
6,990
6,145

0
0
0
140
550
557
519
627
4P5
726

846
979
1,119
1,038
1,008
835
77D

17.9 1 32.8 | 18.4
21.3
32.7 I 17.0
22.6 ! 32.7 | 21.0

177.5
163.6
160.1

4.4
16.2
17.5

193.4
200.5
224.8

704
521
359

"1,363 0263.280 026,062
"1,008 "259,250 039,878
"1,260 "275,729 «39,O36

* 2,484
*5,302
A 5,617

A 436
M87
"512

|
!
!
!
I

Adjusted for seasonal variations. 3 American vessels, both directions. * Average weekly basis. <» 9 months' average.

h

Average, April-October.

12

SURVEY OF CURRENT BUSINESS

December 1934

Automobiles and Rubber
ACTIVITY in the automobile industry during
* * November has largely centered around the introduction of new models. Preparations have advanced to
a stage where assemblies of 1935 cars have been initiated by several producers, although it is not expected
that volume production of the 1935 offerings will be
under way until well along in December. Production
during the first half of November was at the rate of
about 17,000 units weekly, which was considerably in
excess of the comparable 1933 totals. This relatively
favorable showing was due in part to the continuation
of truck assemblies at a fairly high level. October
production of trucks, amounting to 47,985 units, has
been exceeded in only 4 months of 1934.
Production totals for October were higher than indicated by the weekly production estimates. Declining
from 168,872 units in September to 132,488 in October,
the total was only about 2,000 cars less than in October
1933. Output of tracks was 61 percent higher than
last year, while passenger-car output was about 19
percent less. With United States production for the
first 10 months in excess of 2}i million vehicles, the
year's output will apparently not fall very short of
2% million, compared with less than 2 million in 1933.
Retail sales of new passenger cars have been declining in accordance with the usual seasonal tendency.
October data, however, reveal that the decline for that
month was not as large as usually experienced. The
adjusted index of sales advanced 5 points.

Export shipments also declined during October,
although the total was about one-third larger than in
October 1933. Export demand this year has been the
best experienced since 1930.
Production in the rubber manufacturing industries
was higher in October than in September, according
to the pay-roll data for the industry.
Output of rubber tires was at a higher rate than in
September, although excepting that month production
of tires was the lowest of the year. Shipments were
below production, resulting in an increase in inventories. Sales of tires for original equipment amounted
to 346,821, compared with 573,335 in the preceding
month. Prices of tires have undergone a general
upward revision during the past month, the mail-order
houses following the lead of the manufacturers in
advancing quotations.
Crude rubber prices have declined below 13 cents a
pound. A sharp break followed the announcement of
the International Rubber Committee that the exportable percentage of basic quotas for rubber producing
territories would be 75 for the first quarter of 1935,
compared with 70 in December. In view of the higher
1935 base quotas, this means a permissible export of
67,000 tons monthly in early 1935, against 57,200 tons
in December 1934 from the areas in the restriction
agreement, exclusive of Siam, which has not yet ratified
the agreement, and Indo-China, which is not affected
at present.

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Automobile production
United States

Year and month

F.E.B.
index,
Total
adjusted1
Month-i
lyav- I
erage, l[
192325 = 100 !

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




1

jj Canada

Passen- Taxiger i cabs Trucks
cars

•|r

Thousands

Total

Passen- Trucks
ger

New
passenger
car
registrations

New passengercar sales

Crude rubber
Do-

AdITnadj us ted justed i

Production

mestic
World
Domestic con- \ Im- stocks,
ship- sump- ports end of
ments tion, |
month
total I

Monthly average,
1929-31 = 100

Number

Pneumatic
tires 2

Thousands

Long tons

80
49

58
35

651
5

21, 727
13, 595

1,440
2,923

3,207
1,733

4,500
2,549

102, 659
63,195

38.5
22.3

46.5
28.0

2,379
2,055

2,185
1,385

20,495
19,337

41, 398
35,806

582, 000
604, 008

135
61
81

105
41
49

63
1,611
1,299

29, 813
18, 318
29,776

3,682
2,291
3,262

5,906
3,527
3,066

5,567
3,176
6,460

136, 326
94,180
58, 624

42.7
33.0
17.3

53.5
53.0
30.5

2,743
2,432
2,466

1,943
1,686
2,726

27, 758
25, 371
25, 306

46, 034
41, 821
40, 751

628,127
646,423
644,898

157
232
331
355
332
308
267
235
169
132

113
188
275
289
274
262
224
184
124
85

321
27
16
1
0
0
0
0
0
0

43, 255
44, 041
56, 525
65, 714
57,887
46,213
42,708
51, 309
44, 963
47, 985

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

3,685
8,872
16, 509
16, 058
18, 071
17,621
12, 522
10, 236
S,040

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

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

22.8
45.7
68.4
87.9
78.1
84.6
73.9
63.1
51.9
46.6

33.5
54.5
64.5
59.0
55.5
63.5
67.0
56.0
53.0
58.0

3,804
4,205
5,025
4, 627
4,323
4,212
3,252
3,427
2,848
3.182

3,043
3,106
3,966
4,212
5,049
4,956
3,954
4,091
2,993
2,835

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

35, 220
42, 253
45,175
49,901
48,748
42, 674
32, 700
32, 010
29, 240

643,355
652,690
653, 000
647,993
659, 865
660, 699
672, 312
662, 701
664,184
666, 000

120
178
252

100
148
202

59
146
37

20,196
29, 845
50,000

5,647
6,037
11, 246

3, 692
5,792
12, 776

2,139
3,388
7, 856

100, 636
134,103
170, 552

38.8
46.9
62.3

2, 864
3,135
3, 891

2,932
3,821

25, 228 35, 303
30, 227 33,633
34, 832 40.701

610, 250
619,654
658, 280

Adjusted for seasonal variations.

16,141

2

See note on p. 51. October figures are preliminary.

13

SURVEY OF CURRENT BUSINESS

December 1934

Forest Products
UMBER production declined during October. The
Ipercent
J seasonally adjusted index dropped 3 points to 29
of the 1923-25 average and equaled the previous low for the year reached in February and again
in July. The rate of incoming business has not improved, and stocks held throughout the industry are
more than adequate to meet current demands.
Employment in the lumber and lumber-products
industries increased slightly during October due to
increases in the furniture and mill work divisions. Pay
rolls increased by 4 percent with larger disbursements
reported for all divisions, with the exception of the
turpentine and rosin group. As compared with October 1933, employment was lower by 10 percent.
According to a recent report made public by the
Census Bureau, the production of lumber in the United
States during 1933 amounted to 13,960,000,000
board-feet, an increase of 38 percent over 1932. The
output of shingles was 39 percent greater than the
production in 1932, while lath production showed only
a slight increase. The Code Authority for the Lumber
Industry estimates the probable production for the
year 1934 at about 16,000,000,000 board-feet.
A recent report of the Timber Conservation Board
states that, although the industry is in a better
statistical position than at the end of the second
quarter, new business during the third quarter was
11 percent below the somewhat restricted production,
and shipments were 2 percent below output. Com-

pared with the third quarter of 1933,production showed
a decline of 18 percent, shipments 12 percent, and
orders 19 percent. The Board, in order to bring
about a substantial reduction in stocks, has recently
adopted a proposal that stocks should be reduced in
1935 by an average of about 15 percent, or 1,360 million
feet. Another factor that is causing some concern,
the Board states, is the hampering effect that "frozen"
or hard-to-move stocks are having on the industry.
In normal times these are estimated as comprising
about 10 percent of total stocks, but in some softwood
divisions they are now as high as 30 or 40 percent.
It is anticipated that the home-modernization drive
will reduce this type of stock.
The newsprint industry experienced an unusually
active month during October, with combined production of Canada and the United States showing a greater
increase over September than in the corresponding
period of 1933. Shipments were also greater for the
month in both Canada and the United States. Stocks,
of newsprint at Canadian mills again increased to
reach the highest level on record. Stocks held by
publishers, United States mills, and paper in transit to
publishers were all lower at the end of October than a
month earlier.
Following the agitation for higher newsprint prices,
one company on November 11 announced an increase
in its contract price for newsprint of $2.50 to $42.50
a ton for the first 6 months of 1935.

FOREST PRODUCTS STATISTICS
Car loadings 2

Lumber production

Employment

Tur-

Year and month

Fur- Saw- penCaliDoug- S o u t h - Southtine
Total
Adi niern
fornia I Unadlas
and
adjustern
justjust!
ture, mills,
hard- redadfir
rosin
ed i
pine
ed
ed i j ad- justed
wood wood
unadjusted

justed

Monthly av- I
erage I
1923-25=:
100

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




Unadjusted
Furniture

Sawmills

Turpentine
and
rosin

Consumption

Imports

by
publishers

Monthly average, 1923-25=100

Production

Short tons

33 j
24 |

150
113

117
113

105
68

16
11

33
26

33
25

68.8
54.6

35.9
26.2

79.0
72.7

59.5
37.9

28.1
, 14.3

41.9
32.6

173,852
144,993

180, 230
148, 291

97,353
76, 52.1

33
30
32

132
128
111

104
103
96

143
131
135

22
16
17

33
32
26

32
34
31

72.2
67.3
63.8

35.6
34.4
34.0

103.9
101.1
107.7

55.0
45.0
40.1

23.3
21.8
20.0

48.3
45.3
48.9

152,098 175,711
154,934 176,766
148, 427 168, 787

82,052
87, 567
80,895

34
29
38
33
33
31
29
36
32
29

109
132
151
153
132
77
70
144
141

106
112
124
117
118
108
99
99
98
103

124
128
120
135
116
146
116
101
105

20
23
25
24
26
26
21
26
25
28

26
31
33
33
35
34
30
31
31
31

30
30
32
31
33
33
30
29
30
30

62.2
63.0
64.1
63.0
64.5
64.7
64.9
62.8
63.0
61.4

32.1
32.7
33.7
34.5
35.6
34.2
33.1
33.0
33.0
33.3

97.8
98.6
101.4
101.2
102.4
98.6
97.3
98.3
96.2
89.3

35.3
40.5
41.1
40.3
40.5
41.2
39.3
42.7
44.6
47.5

17.4
19.1
20.7
22.5
24.2
23.2
20.9
22.1
22.3
22.6

50.3
51.7
46.2
53.7
51.4
51.0
50.3
51.3
52.2
45.1

140,955
153, 958
156, 721
160,815
193,088
154,175
150, 500
145,005
151,900
168,372

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

84,897
71, 544
84,966
80, 505
89, 726
82, 260
74,017
79,971
74,120
80,573

,81

12
13
24

25
29
33

58.6
60.6
63.4

26.3
27.4
33.5

71.7
79.4
98.1

35.3
35.1
41.3

14.5
15.0
21.5

32.8
34.2
50.3

141, 726 150,121
133,756 144, 799
157,549 179,241

84,538
77, 791
80,258

25
32. |
33 !
1

Millions of feet, board measure

Newsprint

Pay rolls

138
124

94
105
108

M31

Adjusted for seasonal variations.

3

Of forest products.

« 9 months' average.

14

SURVP2Y OF CURRENT BUSINESS

December 1934

Iron and Steel
in the iron and steel industry have
CONDITIONS
improved during October and November. In the

Steel ingot production in October was 8 percent
higher, on a daily average basis, than in September but
week ended November 17, steel ingot production at 28 was substantially less than in the same month a year
percent of capacity was 3 points above the October ago. Production for the first 10 months of 1934 was 13
average and was at the highest level since June. percent above output for the corresponding period of
Scrap prices, responding to the better demand, espe- 1933 and was nearly double the 1932 figure. Shipcially from abroad, have again moved upward and by ments of finished steel products moved contrary to the
trend of ingot production in October, according to the
mid-November were back to the August levels.
Specifications from major consumers have not yet figures of the leading producer. This company
expanded to any marked degree. One of the reasons reported a total 7 percent under the September figure.
for hesitancy on the part of buyers has been uncerThe increase of G percent in pig iron output during
tainty concerning first quarter prices. Schedules filed October represented the first increase since May.
with the American Iron and Steel Institute on Novem- Daily average production, however, was only 2.5 perber 20, however, reveal no changes in current quota- cent higher as October contained 2 more working days
than September. Furnaces in blast numbered 65 as
tions for pig iron and the principal steel products.
Orders and shipments of steel sheets increased in of the first of November, a gain of 3 over the preceding
October, reflecting in part preparation for increased month. For the first 10 months of 1934 production of
activity in the automotive industry. Demands from pig iron was 27 percent ahead of the same period in
the agricultural implement industry have also increased 1933.
Exports of iron and steel products have reached a
in line with the trend of output. Miscellaneous orders
have expanded but some usual sources of large tonnage, large volume during 1934, the September total represuch as the railroads, have requisitioned only small senting the greatest monthly shipments since the war.
amounts. Recent purchases of the carriers have been While the heavy movement of scrap has been an
important factor in this increase, there has been a
confined largely to passenger equipment.
The machine tool industry was another steel con- marked rise in the exports of finished iron and steel
suming group that reported better business in October. products. During the first three quarters of the year,
New orders were 21 percent above the preceding month for example, exports of rolled and finished steel
and were the highest since May. Tin plate production amounted to 634,833 tons, or 124 percent more than in
the similar period of 1938.
has continued its seasonal decline.

IRON AND STEEL STATISTICS
General operations

Year and month

Production,
adjusted i

1932
1933
1934




...„..„..
_.„
{

Pig iron

EmPay
Proploy- rolls,
Ex- Im- ducment, unadad- justed ports ports tion
justed^

Monthly average,
1923-25=100
1931: October.
1932: October
_
1933:
October.
November
December
1931:
January...,
February
.
March..-,-..
April
May.
June
July....
August
September..
October...
Monthly average, January
through October:

Iron and
steel

Thousands of long
tons
59 j 29
4J ] 34

Furnaces

in
blast

Number

45 I
31 j
I
60
47
60

63.6
44.2
60.8 j 27.2
69.4
47.6
68.1
43.3
67.6
43.7

1,1.73 !
645 i
16o | 47 \ 1,356
158 I 29 : 1,085
185 ! 31 |! 1,182

56
63
66
76
84
85
47
38
37
41

64.9
66.4
69.1
71.5
74.3 |
76.3 '
71.4
68.8
65.4
65.6

178 i
151
261
202
242
219
233
243
301

32 i
54 i
59 i

41.1
45.7
51.3
56.8
61.3
62.6
47.6
45. 5
41.1
4?. 8

63.8 29.8
56,8 34.7
69.4

Adjusted for seasonal variations.

48
100

1,215
1,264
1,620
1,727
2,043
1,930
1,225
1,054
898
951
31 !
751
35 ! 1,094
1,393

I nited
Prices
States
Steel
Corpo; ration,
Steel
finished Iron billets, Steel Finished
and Besse- scrap steel,
Pro| prodsteel,
ducucts.
Permer (Chi- comtion cent
ders ! ments ' ship- com-8 (Pitts- cago) posite
inonts posite burgh)
of
capacI Thou- I
Dollars
| Thousands of
i sands i
per 100
Dollar per long ton
;! of long ;
short ton> ',
pounds
'! tons !
Steel ingots Steel sheet-

70
49
79
76
75
87 l
89 !
96
110 ;
117 |
89 !
75 !
62 i
62 i
65 ;

1,590
1,087
2,085
1,521
1,799

i
j
I
!
!

28
19
37
27
33

117
9,"

> 10,007

79
8!
110

175 ,572. v*7
•'9 430, 'Us
11*2 dOo,

30.30 , 29.00 i
28.90 , 26.00 !

8.00 I
6.00 !

2.18
2.16

30. 53
30.25
31.01

9.33 !
8.56 \
8 94 !

2.26
2.26
2.31

1,971 !
2,183 i
2,761 !
2,898 ;
3,353 '
3,016:
1,473
1,363 ;
1,252 !
1,46? '

33 ! 209
184
158
53 I 272
246
56
115
53
73
27
23 ; 66
77
23 |i 103

31.15 I
31.30 i
oS5, SOU
31.38 I
o»8, 20«
201 , 64J, 009 32.67
131
:4;>, 063 32.97
241
32.96
Mo, 337
32.32
32. 24
37S| 0LM
32. 15
370,306
4
Ui, %'! ;«. 10

53 !; 1,143 |
70 ii 1,927 i
85
-J.173 i

20 i 92
34 | 131
38
150

1

si

* Black, blue, galvanized, and full finished.

131

u:

Jv
1U

. A7, On
472, &o*

rn.ir?

29.15
28. 93

26.00
26.00
26.00 !
26.00
26.00
26.00
26.75
29.00
29.00
27.40
27.00
27.00
V. 00

10.60
11.00
12.13
11.75
10.95
9.75
9.66
9.19
8.50
8.75

2.31
2.31
2.31
2.40
2.53
2.53
2.46
2.44
2.44
2.44

26. 63
6. 38
26.00
7.91
?7.W ! 18.21

2.16
2.14

roe ijofc on p. 46.

15

SURVEY OF CURRENT BUSINESS

December 1934

Textile Industries
RODUCTION in the textile industries was re- the highest level of output since last May. While
Psumed
on a more normal basis during October, sales of cotton goods have improved, the October
volume was not equal to the August total which was
unusually high due to demands of buyers anxious to
cover their requirements ahead. Stocks again increased after having been substantially reduced during
the period of the strike.
Activity in the silk manufacturing industry also rose
sharply during October. Production per loom of
stock-carrying mills was 83 percent higher than in
September and 13 percent higher than a year ago. As
in the case of cotton textiles, the rise in production was
somewhat more rapid than the increase in shipments.
Stocks on hand at the end of October were about 3 percent higher than a month earlier and 5.7 percent
higher than a year ago. The improvement in sales,
however, was pronounced in the latter half of the
month when stock-carrying mills reported an increase
of 31 percent in sales over the first half of the month
and a 29 percent gain over the corresponding period
of 1933.
Statistics on the wool industry reveal wide gains in
wool consumption, spinning, and weaving activity
during October as compared with September, but the
recovery was not sufficient to bring the rate of operations back to the August level in all cases. Woolen
spindles, wide looms, and carpet looms were all
operated for a shorter period than in August.

following the termination of the industry-wide strike
in the latter part of September. While labor disturbances were not entirely eliminated by this settlement, current difficulties have been localized and have
affected principally the dyeing and finishing of silk
and rayon fabrics.
Measured by the seasonally adjusted index of the
Federal Reserve Board, October production of textiles
was 41 percent higher than in September, and the
same as in April last. Output for the month was less
than a year ago, as the decrease in the wool industry
more than offset the increase in the cotton and silk
industries.
Mill consumption of raw cotton in October was larger
than in any month since last March and was 3 percent
above the October 1933 total. For the year to date,
however, domestic mill consumption was about onesixth less than in the comparable period of 1933.
October spindle activity rose to an extent comparable
with the rise in cotton consumption, the recovery
being more pronounced in the New England region
than in the Southern States.
The rise in cotton cloth output was rapid during the
biweekly period ended October 6 but slowed in the
following 2 weeks. Production has since fluctuated
around 125,000,000 yards weekly. This represents

TEXTILE STATISTICS

Year and month

ii

-a

I _,
Month- j
ly average,
1923-25=
100
1931: October
1932: October
1933:
October
November
December
1934:
January
February...
March
„
April
May.......
June..
July
August
September.
October
Monthly average, January
through October:
1932.
1933-.
1931._
.......

a

Spindl
t

£

ctivi

! Cotton,
Cotton and manufactures
raw

Running
bales

Millions of
spindle
hours

461,023
501,893

6,598
7,053

Cotton cloth
finishing -

I|

Is

I

I Wool ! Wool manufactures
|
Spinning j
spindles \\ Looms

I

r

Thousands of
yards

Monthly average,
1926*
100

«

!! £

I a*

Thousands
Percent of active hours
of ,.
to total reported
pounds i

-8.
Monthly average,
1926 =
100

49
73

39
43

64.6
56,668
56. 5 I 53,703

86, 517 137, 661

88.8
86.0
85.5

51,037
43,466
33, 570

68
63
54

65
60
46

41
39
27

84.5 I 28,521
84.4 ' 34,822
84.3 | 26,959

6,973 99,901 106, 280
508,021
6, 692 104,920 104,949
477,046
544,870 ! 7, 706 131,426 99, 614
512,594
7,259 122,951 106,388
519, 299
7,268 114,803 107,128
363,262
5,241 83,414 118,034
359,951
5,152 75,833 109, 756
420,949
5, 753 84,499 101,057
295,960
3,716 90, 772 101,083
530,310
7,185 126,384 108,830

86.5
88.6
89.1
88.2
86.3
86.0
85.1
86.4
87.8
86.6

35,968
34,348
36,119
29,889
28,213
26,213
26,819
29,066
23,861
34,065

70
76
75
70
68
71
71
72
45
63

52
48
44
39
40
29
31
26
21
35

34
39
38
40
41
30
26
24
18
34

84.3
84.3
84.0
82.0
81.0
80.8
80.7
78.9
78.0
74.8

81 407,413 j 5,690
101 538,783 | 7,471
6,295 103,490 106,312
84 jj 452,236

54.4
67.9
87.1

31,003
44,259
30,456

48
75
68

48 i 2 5
66 j 42
37 i 32

90

 i Adjusted for seasonal


variations.

7,256
6,795
5,080

2

Printed only.

3

Grease equivalent.

48
68
54

40,942
39,021
44,080
1 37,392
1 38,740
! 33,069
| 32,021
I 36,247
; 32,599
49,106

58.2
46,932
66.2 !: 40,765
80.9 j 38,322

See note on p . 54.

2^3
S G

ao,

Percent of active hours
to total

Dollars
per
pound

j

53
73

504,055
475,247
347, 521

it

«- o

Bales ol
133
pounds

42,990
42,423

j
|

:§

I

59.7
56.2

93

Operations, machinery activity

a
p

j|

•5 ©

Silk

2.266
1.673

!
35.5 i
41.6 I
46.2 i

31.1
34.8
29.1

52.8 j
64.3 j
62.3 !
54.9 !
37.9;
45.8 !
42.7 !

32.0
37.0
36.6
35.8
30.0
24.5
21. 2

39.2

.647
1.465
.416

56.0
62.5
59.7
48.6
31.5
40.0
41.5
40.3
28.0
43.0

.453
.550
.405
.318
.284
. 199
.139
. 133
. 125
. 185

45.1

.566
.644
.379

* Twisting spindles.

16

SURVEY OF CURRENT BUSINESS

December 1934

Summary of the 1933 Census of Service Establishments,
Places of Amusement, and Hotels
By W. A Ruff, in Charge of Service, Amusement, and Hotel Census, Bureau of the Census

ERVICE establishments and places of amusement
S
were canvassed for the first time as part of the
1933 Census of American Business, and thus the
results provide the only official data of this nature
available. Although a census of hotels was taken in
1930, the canvass was restricted to hotels having 25
or more guest rooms, while the late census included
all hotels, regardless of size.
Owing to the peculiar difficulties inherent in a
canvass of establishments of this nature, the special
problems confronting any new type of census enumeration, and the occasional misinterpretation by
enumerators of official instructions, irregularities, and
deficiencies in coverage no doubt exist.
Service establishments and places of amusement
covered by the census comprise only those primarily
engaged in service activities, or in providing amusement. There are, of course, many retail, wholesale,
and manufacturing establishments which perform
numerous services identical or similar to those performed by service establishments. Data for such
establishments are included in the reports for the
retail, wholesale, or manufactures census, as their

major activities fall in these fields. In particular,
automobile repair shops are included in the retail
census for the reason that an important part of this
business is the sale of parts; billiard parlors are
frequently operated as an adjunct to cigar stores,
drinking places, and other establishments selling
merchandise, and as such are included in the retail
census.
Aside from the kind of business classifications shown
in table 1, more than 200 other kinds of business were
canvassed, the data for which are included in the
"all other" groups. The 62 classifications presented
represent, therefore, the more important kinds of
business based on volume of receipts and the frequency
with which they occur in the various States. Among
those included in the census but not shown separately
are amusement parks, athletic fields, bathing beaches,
airports, race tracks, riding academies, laundry
agencies, bottle exchanges, broadcasting stations,
freight forwarders, bicycle repair shops, musical
instrument repair shops, and a number of other
classes of repair shops. Data for a number of these
classifications are incomplete.

CONCENTRATION OF BUSINESS
OF SERVICE ESTABLISHMENTS, PLACES OF AMUSEMENT, AND HOTELS,
""——
.
UNITED STATES, 1933

i

h

5 AND OVER
3 TO 4.0

UNDER EACH STATE NAME THE ARRANGEMENT OF DATA IS AS FOLLO

SERVICE SALES IN THOUSANDS
PER CENT OF UNITED STATES TOTAL




I TO 2.9
|

| LESS THAN I

17

SURVEY OF CURRENT BUSINESS

December 1934

Table 1.—Summary of Service Establishments, Places of Amusement, and Hotels, for the United States, by Kind of
Business, 1933
[Receipts and pay roll expressed in thousands of dollars]
Part time emFull time employees
ployees
Total
reported
Proprie- pay rolls
tors
full time
Percent
and
Average
»f United
Average
part time number P a y roll number Pay roll
States
total

Receipts
Kind of business

Number
of establishments

760,881

100.00

546,444

701, 594

657,481

619,785

202,519

81,809

443,217

725,114

62.48

482,463

437,917

356,190

373,458

149, 825

64,459

117,832
42, 073
55,459
295
12, 655
1,310
13, 691
8,330
50, 425
7,027
2,319

204, 387
116, 795
135, 611
2,199
172,438
5,065
35, 645
31,873
87,153
10,032
10, 215

7.40
4.23
4.91
.08
6.25
.18
1.29
1.15
3.16
.36
.37

128,709
45,807
59,965
298
15, 571
1,436
16, 262
8,925
52, 781
7,722
2,022

58, 507
38,974
26,271
736
27,071
1,070
6,786
7,213
11,881
2,014
2,799

71,347
42, 733
28,274
488
16,414
732
7,811
5,881
12,876
2,826
3,027

52,070
35, 618
21,244
646
23, 746
814
5,319
6,375
10, 247
1,665
2,529

18,123
8,955
12,086
151
9,260
376
3,933
1,945
4,739
1,503
856

6,437
3,356
5,027
90
3,325
256
1,467
838
1,634
349
270

1,824
1,479
253
23,102
577
947
672
461
780
3,007
2,517
2,302

35,159
189,867
3,875
174,875
8,550
8,983
5,736
17,713
5,493
9,438
72, 085
127, 368

1.27
6.89
.14
6.33
.31
.33
.21
.64
.20
.34
2.61
4.61

1,225
1,101
236
25,196
583
1,026
675
316
880
3,449
1,968
1,706

15,341
29, 792
1,185
57, 301
4,130
3,075
2,258
5,784
1,522
2,461
24, 415
45, 262

11,936
11, 642
1,041
39, 291
2,960
2,378
1,758
5,374
1,366
1,550
16, 543
20, 248

14,897
28, 253
1,148
46,451
3,800
2,881
1,880
5,653
1, 398
1,778
21, 235
34, 881

931
2,767
95
20, 478
2,006
287
878
253
295
1,129
7,594
26,158

444
1,539
37
10,850
330
194
378
131
124
683
3,180
10, 381

241
1, 694
1,157
3,636
20,2.2, 063

1,940
5, 734
3, 539
17,778
21, 563
3,654

.07
.21
.13
.64
.78
.13

235
2, 009
1, 306
4,276
22, 088
2,323

530
1, 624
784
5, 381
2,581
667

400
1,211
602
4,046
2,682
358

503
1,221
632
4,284
1, 903
369

55
773
244
1, 875
1, 791
528

27
403
152
1, 097
678
298

2, 391
141
2, 490
'482
6, 608
4, 501
778
3,151
578
258
4,758
9,678
2,545
5,962

11,169
1,546
2, 880
3,272
1,284
27, 217
6,145
1,715
11, 959
1,174
746
10,950
14, 707
10,478
17,809

.40
.06
.10
.12
.05
.99
.22
.06
.43
.04
.03
.40
.53
.38
.65

2, 691
145
2,629
2,089
589
7,419
5,078
857
3,599
637
291
5,414
10,158
2,954
6,755

3,485
644
186
506
263
6,289
689
347
2,901
164
188
1,983
1, 597
4^364

2,303
318
217
455
265
3,447
650
294
1, 522
169
142
1,401
1,302
1,896
3,007

2,830
445
149
429
200
3,556
543
303
1,636
139
171
1,326
1,315
2,145
3,357

1,073
211
122
153
157
4,681
395
80
2,076
54
40
1, 222
562
780
1,839

655
199
37
77
63
2,733
146
44
1,265
25
17
657
282
463
1,007

733
381
321
783
2,123
985

2,061
5,420
3,147
3,274
14,197
1,620

.07
.20
.11
.12
.51
.06

821
274
314
825
2,173
1,090

658
1,583
1,292
1,197
3,806
397

773
1,214
815
1,028
3,619
405

464
1,452
1,147
1,137
3,568
317

581
216
316
131
518
206

194
131
145
60

3,152

12,827

.46

2,915

3,743

3,123

3,476

870

267

5,846
387
3,863

8,483
5,108
21,163

.31
.19
.77

7,921
419
4,310

1,157
3,109
7,346

1,705
2,575
5,755

951
2,669
6,293

785
762
1,931

206
440
1,053

502,416

United States, total
Service establishments, total.
Personal service:
Barber shops
Beauty parlors
_
Cleaning, dyeing, pressing, alteration, and repair shops; and valet shops_
Costume rental agencies
Funeral directors and embalmers..Fur repair and storage shops
Laundries, hand (not including power laundries)
Photographic studios
Shoe repair shops
Shoe-shine parlors (including hat cleaning)
Other personal services
Business service:
Adjustment and credit bureaus and collection agencies
Advertising agencies and billboard advertising agencies.
Blueprinting and photostat laboratories
Cartage and trucking establishments (local hauling)
Delivery service
Dental laboratories
Duplicating, addressing, mailing, and mailing list service
Linen supply service
Photo-finishing laboratories
Sign painting shops
Storage warehouses
0ther business services
Mechanical repair service:
Automobile brake repair, relining, and adjustment shops
Automobile paint shops
Automobile radiator shops
Automobile top and body repair shops
.__.
Blacksmith shops
Cabinetmaker and carpenter repair shops
Electrical repair shops (not including retail stores with electrical repair
departments)
Elevator service (repair)
Harness, leather, and shoe repair shops
Locksmith and gunsmith shops
Matlress renovating and repair shops
Plumbing and heating repair shops
Radio repair shops (not including dealers in radios)
Saw and tool sharpening service
__
Tinsmith, sheet metal, and roofing repair shops
Tire repair shops (not including retail tire dealers)
Typewriter repair shops (not including retail typewriter dealers)
Upholstery and furniture repair shops.
atch, clock, and jewelry repair
Wat<
• shops...
Welding shops
_
Other mechanical repair services
_
Miscellaneous service:
Automobile laundries (not including automobile laundries operated b y
filling stations, garages, etc.)
Automobile rental service
Disinfectant and exterminating service
E m p l o y m e n t agencies (not including government-operated agencies)
Garages (storage)
Hemstitching, embroidery, and buttonholing shops
...
Parking lots (not including parking lots operated by filling stations,
garages, etc.)
Tourist camps (not including camps operated as adjuncts to filling
stations)
_
Window cleaning service
_
Other miscellaneous services
._

Amount

29, 737

520, 218

18.85

30, 297

117,397

87,372

106, 568

30, 787

10, 829

Billiard and pool parlors, and bowling alleys..
Dance halls
_.
Skating rinks

11, 438
2,933
264

31,710
10,248
1,005

1.15
.37
.04

13, 040
3,412
327

7,482
3,856
299

9,016
2,884
246

5,716
2,341
222

7,076
5,384
176

1,766
1,515
77

Theaters, total

10, 265

415,153

15.04

8,284

85, 422

63,136

0, 519

12,857

4,903

122
9,499
644

8,611
356, 316
50, 226

.31
12.91
1.82

69
8,024
191

3,666
71,451
10,305

1,182
54,030
7,924

3,457
67,009
10,053

448
11, €

209
4,442
252:

Amusements, total..

_

Theaters—legitimate stage and opera
Theaters—motion picture
Theaters—motion picture and vaudeville-

4,837

62,102

2.25

5,234

20, 338

12,090

17,770

5,294

2,568

Other amusements, total
Hotels, total-

29,462

515, 549

18.67

33,684

146,280

213,919

139,759

21, 908

6,521

Year-round, total-.

27,128

493, 241

30, 712

140, 973

205, 570

134,746

20,955

6,227

4,044
18, 936
4,148

34, 474
402,102
56, 665

5,017
20, 595
5,100

9,240
116,292
15,441

14, 573
167, 335
23, 662

8,700
111, 429
14,617

1,936
15,849
3,170

540
4,863
824

2,334

22, 308

2,972

5,307

8,349

5,013

953

294

1,263
604
467

12, 509
4,302
5,497

1,663
718
591

3,075
933
1,299

4,856
1,428
2,065

2,909
883
1,221

550
142
261

166
50
78

American plan
European plan
Mixed—American and European.
Seasonal, totalAmerican plan.
European plan
Mixed—American and European.

98025—34



1.25
14.56
2.05

.45
.16
.20

I

18

SURVEY OF CURRENT BUSINESS

December 1934

A number of kinds of business which might reason- real-estate activities, and insurance companies, nor
ably be regarded as service establishments or places of does the census include doctors, lawyers, dentists,
amusement were not included in the canvass. Certain and others performing professional and scientific
businesses were excluded because they are being services.
covered by some other adequate statistical series, and
CONCENTRATION OF BUSINESS
in other cases the nature of the business was such as
to make it virtually impossible to secure accurate
The accompanying map, based on the results of
data on a census basis relative to its activites. The the census, shows that more than 50 percent of the
more important kinds of business excluded, not total business of service establishments, places of
already noted, were power laundries, transportation amusement, and hotels, of the United States is concompanies, boarding houses, educational institutions, centrated in five States: New York, Illinois, California,
Table 2.—Summary of Service Establishments, Places of Amusement, and Hotels, by States, 1933
[Receipts and pay roll expressed in thousands of dollars]
Receipts
Number Rank acofestab- \cording to
ishments /olume of
business Amount

State

Percent Proprietors
of United
States
total

Total
reported
pay roll
full time
and part
time

Full-time employees ] Dart-time employees

Average
number

Pay roll

Average
number

202,519

P a y roll

United States, total

502,416

I, 760, 881

100.00

546,444

701, 594

657,481

619, 785

New England, total

36, 769

199, 962

7.2

38, 654

53, 005

45, 668

46,483

14,170 1

6,522

37,130
13,576
118,516
9,259
15,216
6, 265

1.3
.5
4.3
.3
.6
.2

7, 053
4,008
20, 342
2, 305
3, 030
1,916 i

9,228
2, 975
33, 289
2,100
4,007
1, 406

8, 056
3,517
27, 092
1,971
3,312
1,720

8,010
2, 488
29, 398
1,874
3,487
1, 226

2,739
1, 185
7,972
690
1,114
470

1,218
487
3,891
226
520
180

901, 622

32.8

130,976

217, 090

168,702 I

194, 848

47, 973

22,242

103,681
626, 893
171,048

3.8
22. 8
6.2

21,631
70, 784
38, 561

24, 624
150, 206
42, 260

20, 854
108,995
38,853

21,305 i
136,998 I
36,545 !

7, 183 i
27,281 !
13,509 !

3, 319
13, 208
5,715

589,998

21.4

117,266

152, 545

139, 383

134,215 j

46,984 |

18, 330

252,983
47, 650
93 933
143, 248
52, 184

9. 2
1. 7
34
5. 2
1.9

36. 391
14, 617
20 158
32, 354
13, 746

66, 229
11,258
24 149
38, 840
12,069

53,024
12,705
24 334
37, 325
11,995

58, 714
9,815 i
21,^29 :
34, 082
10, 175 |

18,588 i
4, 276 i
7, 386
11,292
5,442

7,515
1,443
2 720
4,758
1, 894

246, 316

8.9

67, 507

60, 061

64,436

52,984 i

19,418

7,077

40, 899
25, 830
53,213
86, 037
24.907
7, 665
7, 765

1.5
1.9
3. 1
.9
.3
.3

12,769
9, 641
12,109
18,632
8, 480
2, 838
3, 038

8,509
5,473
13,071
24, 587
5,406
1,444
1, 571

9, 686
7,234
13, 337
24, 361
6, 065
1,887
1,866

7,354 1
4,727 I
11,614 1
22, 006
4, 631
1,286
1, 366

223, 876

8.1

49, 051

59,713

72,084

53,406

19,449

6,307

4,710
31,845
31,215
26, 950
37, 161
26, 840
14, 295
33, 263
17, 597

.2
1.2
1.1
1.0
1.3
1.0
.5
1.2
.6

1,005
2. 450
6,933
7,160
7,188
7, 046
4, 178
7, 994
5, 097

1,098
8,603
8,488
7 221
9,829
7,107
3,874
9,159
4.334

1,092
8,849
10,716
10, 739
9, 356
9, 958
5,207
10,978
5,189

927
8,174
7,664
6, 617
8.529
6,416
3,240
7, 955
3, 884

406
1,095
2,270
2,273
2,868
2, 593
2,736
3,807
1,401

171
429
824
604
1,300
691
634
1,204
450

82,990

2.9

26,406

21, 847

30,214

19, 285

7,991

2,562

17, 556
28, 471
9,143
27,820

.6
1.0
.3
1.0

5,893
8,922
4,151
7,440

5,252
6,817
2,350
7,428

7,477
8,497
3,933
10, 307

4, 517
5,996
2,101
6,671

2,253
2,398
1,063
2,277

735
821
249
757

156, 325

5.6

44,347

41, 872

53,154

37, 591

14, 799

4,281

12, 076
25, 617
28, 419
90, 213

.4
.9
1.0
3.3

4,851
6,096
9,706
23,694

2,868
7,802
7,258
23,944

4, 578
9,131
9,431
30, 014

2,592
6,825
6, 615
21, 559

1,09?
2, 449
2, 212
9,045

276
977
643
2,385

68, 593

2.6

18,369

16,945

18,116

14, 906

5,638

2,039

7,972
22, 579
6.985
9,807
3,148
4.815
8,116
5,171

.3
.8
.3
.4
.1

1, 694
6,180
2,119
2,770
580
1,435
2,240
1,351

2,066
6,053
1,469
2,098
694
1,211
2,189
1,165

2,285
6,461
1,472
2,079
602
1,709
2,300
1,208

1,888
5,375
1,240
1,774
593
1,099
1,915
1,022

499
1,735
691
862
236
444
757
414

178
678
229
324
101
112
274
143

291,199

10.5 |

53,868

78, 516

65,725

66,067

26,101

12,449

227,065
22, 546
41, 588

8.2
.8
1.5

39, 626
5,492
8, 750

61, 290
6,013
11, 213

50, 084
5,370
10, 271

52,144
4,729
9,194

18,818
2,427
4,856

9,146
1,284
2,019

Connecticut
IVIaine

- --

- ______

-

New Hampshire
Rhode Island
Vermont

6, 755
3, 613
19, 720
2, 090
2.841
1,750

__

_ _

Middle Atlantic, total
New Jersey
NPW York
Pennsylvania

_____

_ _ __ __

122, 350

_

20,012
66,196
36, 142

- -

-

-

_____

-

_

.__

-

- -

-___

_

___

34,173
13, 029
18 580
29,925
12,536

- -

Ohio
Wisconsin
West North Central, total
Iowa
Kansas
.Minnesota
IVTissouri
Nebraska
North Dakota
South Dakota

_--

-

11,566
8,617
11,037
17, 091
7,649
2,603
2,783

- - _
__-

-

- - -

_ _

-

-

---

-

-

961
2,413
6,270
6, 389
6,825
6, 227
3,854
7,405
4,645

- -

-

- -

--

-

_

-

-

-

-

-

-

- -

-_

-

-

_

_
- - -

-- -

-

_

-

--

--

____

_
.
_
_

_

_ _

4,245
5,653
8,574
21,110

1,546
5,528
1,873
2,460
541
1,258
1,974
1,180

_

-

32
21
39
23

36
27
22
9

16, 360

_

Pacific, total




-

_

Mountain, total

48
19
20
24
16
25
34
18
31

39, 582

__

_

Arizona
Colorado
Idaho
IVtontana
Nevada
N e w IVIexico
Utah
Wyoming-.

California
Ore_ron
Washington

5,326
8,031
3,771
6, 721

-

West South Central, total
Arkcins&s
Louisiana
Oklahoma
Texas

15
26
11
10
28
43
42

23, 849

East South Central, total
Alabama
Kpntuckv
Mississippi
Tennessee-

2
13
8
5
12

44,989

South Atlantic, total-—
Delaware
District of Columbia
Florida
Crporsia
TVTnrvland
North Carolina
South Carolina
Virginia
West Virginia

1
4

61, 346

-__ _

-- -

7

108, 243

East North Central, total..
Illinois
Indiana

17
35
6
38
33
45

41
29
44
37
49
47
40
46
.

48,928
35, 865
4, 865
8,198

3
30
14
i

.3
2

3, 566
2, 512
3, 808
5,962 1
2,317
533
720

81,809

1,155
746
1,457
2,581
775
1.58
205

December 1934

SURVEY OF CURRENT BUSINESS

Pennsylvania, and Ohio. Ten States account for
more than two-thirds of the total. While the same
five States lead in the volume of retail trade (although
they rank differently), they account for less than
43 percent of the total retail business.
Naturally enough, per capita expenditures for
services, amusements, and hotels are largest in those
States which have a preponderance of urban population, particularly in the States in which the larger
cities are located. The annual per capita expenditures
for 48 States and the District of Columbia ranged from
less than $5 in Mississippi to more than $65 in the
District of Columbia. In the South the annual per
capita expenditures ran consistently lower than the
average for the Nation, with the exception of the
States of Maryland and Florida, both of which
approximated the United States average of $22.49.
IMPORTANCE OF INDIVIDUAL KINDS OF BUSINESS

Of the 443,217 service establishments enumerated
117,832, or more than a fourth, were barber shops.
Cleaning and pressing shops ranked second with
55,459 establishments; shoe repair shops third with
50,425; beauty parlors fourth with 42,073; cartage
and trucking establishments engaged primarily in
local hauling fifth with 23,102; and blacksmith shops
sixth with 20,257. These same six kinds of business
have 52 percent of the employees, pay 45 percent of
the wages and salaries, and account for 43 percent of
the total receipts of all service establishments enumerated.
From the standpoint of full-time employment (exclusive of proprietors actually engaged in the business),
barber shops ranked first, employing 71,347 persons;
beauty parlors, second, with 42,733 employees; cartage
and trucking, third, with 39,291; cleaning and pressing,
fourth, with 28,274; storage warehouses, fifth, with
16,543; and funeral directors and embalmers, sixth,
with 16,414 employees. Of the 356,190 persons employed full time in the service industries, 214,602 or
60 percent were employed in the six above-mentioned
kinds of establishments.
Hotels may reasonably be regarded as a part of the
service group, but because of the unique position they
occupy in this field, they are classified separately.
The 29,462 hotels for which reports were secured
gave employment to 213,919 full-time employees and
21,908 part-time employees, paid wages in 1933 aggregating $146,208,000 out of total receipts for the
year of $515,549,000. If ranked with the service
group, hotels would be first from the standpoint of
both receipts and employment, representing 23 percent of the receipts, 32 percent of the employees, and
25 percent of the service pay roll.
In the amusement group, billiard parlors and bowling
alleys ranked first, from the standpoint of number,
with 11,438 establishments; and theaters, second, with



19

10,265 establishments. Together, these two kinds of
amusement enterprises represented nearly 73 percent
of the total places of amusement in the country.
Based on receipts, theaters came first, with $415,153,000, and billiard parlors and bowling alleys, second,
with receipts of $31,710,000.
EMPLOYMENT AND WAGES

The 502,416 service establishments, places of amusement, and hotels in the United States gave employment in 1933 to a total of 1,406,444 persons, of which
546,444 were proprietors, 657,481 full-time employees,
and 202,519 part-time employees. The large number
of proprietors is explained by the fact that corporations
are far in the minority in this field, most of the establishments being small businesses carried on by the
proprietor without paid employees. The total number of full-time paid employees amounted to an average of only 1.31 per establishment. These employees
received annual wages aggregating $619,785,000, or an
average of $943 per employee. Part-time employees
numbered 202,519, with an average compensation of
$404.
The changes in employment in service establishments, places of amusement, and hotels during 1933
is shown in table 3.
REMARKS ON THE TABLES

In drawing definite conclusions from the details of
the accompanying tables, it should be borne in mind
that the irregularities and deficiencies in coverage are
more pronounced in certain classifications than in
others. Establishments of a seasonal character were
frequently not in operation at the time of the enumerator's visit and he was, therefore, unable to secure
the census report.
Owing to certain field conditions over which the
Bureau had no control, there is reason to believe that
the canvass in the State of Pennsylvania was not
entirely complete. After consideration, no attempts
have been made to adjust the data for apparent
under enumeration.
Table 3.—Employment in Service Establishments, Places of
Amusement, and Hotels, by Months, 1933
Full-time employ- i Part-time employees
ees
Month
ercent of Number Percent of
Number , average
average
Average for year
January
February
March
April
May
June
JulyAugust
September,
October
November..
December _-

j 657,481
I
615,158
615, 798
616, 259
625,344
640,908
"| 661,640
676, 084
688,300
690, 416
685, 228
685, 983
688, 054

100.0

202, 519

100.0

93.6
93.7
93.7
95.1
97.5
100.6
102.8
104.7
105.0
104.2
104.3
101. 7

180, 205
181,481
185, 354
190, 946
196,166
203, 476
202, 319
207, 602
219, 212
220, 851
220, 867
221, 754

89.0
89.6
91.5
94.3
96.9
100.5
99.9
102.5
108.2
109.1
109.1
109.5

20

SURVEY[OF CURRENT BUSINESS

December 1934

Index of Sales of General Merchandise in Small Towns and Rural Areas
The index of rural retail sales 1 is the third of a series of indexes
of retail sales planned by the Bureau of Foreign and Domestic
Commerce for use in tracing the movement of goods into the
hands of final consumers.2 Sales of general merchandise in the
urban areas of the country are represented to some extent by the
indexes of department store and variety store sales, but heretofore no general measure of retail trade in the less densely populated areas has been available, although one-half of the people
of the United States live either on farms or in communities of
less than 10,000 population.
As it is not feasible to secure reports from the tens of thousands of independent stores doing business in small communities,
the indexes have been prepared from data supplied by large
mail order houses and a chain store system which also serves
the rural population. The companies which have cooperated in
supplying figures are: Chicago Mail Order House, Montgomery
Ward & Co., Sears, Roebuck & Co., and J. C. Penney Co.
While the figures obtained provide a fairly large sample of
rural sales, it should be noted that this sample is not entirely
representative. The character of the business done by small,
independent rural stores is not identical with that of the large
companies, and the trend of their sales may differ from that of
the larger units. Despite its obvious limitations, however, the
index should provide a better indication of the volume of rural
purchasing of general merchandise than is provided by the sales
of individual companies.
For the 3 mail order companies only those sales made by
mail (the bulk of which go to persons in communities of less than
10,000 population) have been used; the sales of local retail stores
maintained by 2 of these companies were excluded from the
index, because it was felt that they represented too large a
volume of urban trade. 3
The total sales of the 4 companies, as used for the index,
were about 700 million dollars in 1929. This figure represents
nearly one-fifth of all general merchandise sales in places of less
than 30,000 population as shown by the 1929 Census of
Distribution.
Figures were provided by the J. C. Penney Co. comparing
sales for each month with the sales of the same stores in the
corresponding month of the preceding year, thus making it
possible to eliminate the effect of expansion in the number of
stores.4
The index constructed from the sales of these companies is an
arithmetic average of weighted relatives. The figures of each
firm were adjusted to an average daily sales basis and then
converted to relatives. These relatives were multiplied by the
respective weights and the four separate series were then added
together. The final index was computed from the combined
series, using the monthly average for the years 1929-31 as 100.
In placing the sales totals on an average daily sales basis 5 all
Sundays were subtracted from the months in which they fell,
and for the J. C. Penney Co. the six national holidays on which
their stores were closed were also deducted. However, for the
mail-order companies, holidays were not deducted (unless they
1
This index was constructed in the Marketing Research and Service Division by
H. Haines Turner, formerly with the division, and Miss Reba Osborne.
2
New indexes of variety store sales and of dealers' sales of new passenger automobiles were described in the March and April 1934 issues, respectively, of the Survey of
Current Business.
3 Although many of the J. C. Penney stores are located in larger places a major
share of the trade of these stores probably comes from the surrounding country.
4
The treatment is the same as for the variety store sales index which is described
on p . 19 of the March 1934 issue.
5
After calculation of the number of working days in each month, the number of
working days in an average or standard-length month was computed. The sales in
each month were then adjusted to a standard-length month basis (equivalent to an
average daily sales basis, but possessing certain practical advantages) by applying
the ratio of the number of days in the standard-length month to the number of days
in the particular month concerned.




fell on the last day of the month, when they wTere added to the
following month), the assumption being that purchases by mail
are not materially affected by holidays. Some allowance was
made for usual differences in the amount of business done on
the several days of the week, but the adjustment was not the
same for all four concerns, since their individual experience
varied.
The weights given to the sales of the different companies were
chosen with regard primarily to the proportion of the total sales
represented by each. Slight changes in these weights were necessary in order to take into account the following secondary
factors: (1) The geographical distribution of each organization's
sales; (2) the proportion of nonrural customers; (3) the variety
of merchandise carried; and (4) the general reliability of the
firm's reported figures as a reflection of the volume of consumerbuying.
The base-period used for the index, the 3-year period, 1929-31,
was the same as for the other sales indexes recently compiled by
the Bureau of Foreign and Domestic Commerce. It was chosen,
as for the others, because of the lack of data for earlier periods.
Moreover, the base selected has the advantage of practical
comparability with the Federal Reserve Board's index of department-store sales, the average of which for 1929-31 relative to
1923-25 is 101.7.
An index adjusted for seasonal variations was also constructed,
employing the method used in the index of variety-store sales.
This was in essence the "ratio to moving average method" with
minor changes designed to compensate for the "cyclical distortion" caused by the shortness of the period for which data are
available. No adjustment was made for the changing date of
Easter, because observations indicated that its effect on rural
sales was relatively unimportant.
Reports are being received currently from the cooperating
companies showing their sales by four separate regions—Eest,
Middle West, South, and Far West—as well as for the country
as a whole. Comparison of results for the different regions are
carried regularly in monthly statements issued in mimeograph
form by the Bureau. The index for the country as a whole will
be carried each month on page 27 of the SURVEY.
Index of Dollar Sales of General Merchandise in Small Towns
and Rural Areas
[1929-31=100]

1929

1930

1931

1932

1933

1934

Month
Without seasonal adjustment
January
February
March
April
May
-.
June
July
August
September
October
November
December

91.2
106.6
129.0
115.2
109.5
120.4
97.0
111.0
133.0
154.5
153.4
177.6

89.2
98.1
99.6
103.4
99.0
95.4
73.1
82.5
92.3
110.3
107.3
122.8

70.6
76.2
79.2
83.1
80.6
79.4
63.7
65.8
69.3
80.3
83.2
97.0

57.5
60.8
61.0
64.5
60.6
60.8
46.7
50.3
61.2
77.1
73.5
83.3

47.2
50.8
44.2
59.1
60.9
62.1
54.9
64.7
73. 2 I
97.5
105.1 I.
110.3 !.

Annual index

124.9

97.8

77.4

63.1

19.2

66.0
73.1
74.070.8
74.9
68.3
58.2
68.1
97.9'
108.7

With seasonal adjustment
January
February
March
April
May
June
July
August
September
October
November. _.
December

109.9
117.8
138.8
120.0
116.5
127.4
126.0
129.0
134.4
126.6
124.7
125.1

107.5
108.4
107.1
107.7
105.3
101.0
94.9
95.9
93.2
90.4
87.3
86.5

85.1
84.2
85.1
86.6
85.8
84.0
82.8
76.5
70.0
65.8
67.7
68.3

69.3
67.2
65.6
67.2
64.5
64.3
60.7
58.5
61.8
63.2
59.8
58.7

56.8
56.1
47.5
61.5
64.8
65.7
71.3
75.2
73.9
79.9
85.4
77.7

79.5
80.7
79.6
73.8
79.7
72. 3
75.5
79.2
98.8
89.1

21

SURVEY OF CURRENT BUSINESS

December 1934

WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=1001

1934

1933

1932

1934

1931

Nov. Nov. Nov Nov. Nov. Nov, Nov. Nov. Nov.! Nov.
26
19
28 I 21
25 18
11
24
17 10
Business activity:
New York Times*#1
Business week*1
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)._.
Farm products (67)._.
Food (122)
All other (595)
Fisher's index, 1926 = 100:
Combined index (120)...
Agricultural (30)
Nonagricultural (90) __
Copper, electrolytic!
Cotton, middling, spot
Construction contractst
Distribution: Car loadings..
Employment: Detroit, factory
Finance:
Failures, commercial
Security prices:
Bond pricest
Stock prices!

76.1 76.5 76.1 73.9 73.5 72.9 68.3 69.2 77.0 77.5
58.4 58.3 57.6 60.7 60.6 60.0 53.1 52.1 65.9 66.1

76.3
70.6
75.0
78.1

76.7
71.5
75.5
78.3

78.9 79.0
(0 (0
0) (l)
63.8 63.8
46.3 46.3
30.9 28.6
58.5 61.0
51.9

76.6
71.1
75. 9
78.1

71.0
56.
63
77.5

78.9 71.7
0) 48.3
0) 78.7
63.8 58.0
46. 0j 37.1
I 29.6
62.1: 61.1

71.7
58.7
65.4
77.5

71.2
55.6
65.0
77.5

72.1
48.9
78.8
57.2
37.
34.2
62.9

71.6
48.2
78.7;
56.5
37.1:

41.2

64.0
47.3
61.6
69.

64.2!
48.3
61.3
70.0

60.5
44.3
63.4
37.7
21.7
l
31.4
60.1; 51.5

60.4 67. 8i
44.2 52. 2J
nn
70.0!
37.7 44.9,
23.5 22.81
25.0 42. l|
59.7 58.3

8.0 39.3

52.7-

68.6
53.7
70.2
48.5
22.8
68.2

51.1 54.8; 74.0 63.6 83.0113.0 117.9120.9144.5
104.8
87.1

91.0 87.0 87.8 92.8 95.0
14.6104. 31 88.4
16.71 85. 8, 87.7 84.7J 83.5 58.0 60.0 85.5 92.7

1931

1933

Nov. Nov. Nov Nov. Nov. Nov,
24
17
10
25
18
11
Finance—Continued.
Banking:
Debits, o u t s i d e N . Y . C . t 75.5 76.5 78.3 65.8 i0.9 60.4
Federal Reserve reporting member banks: §
Deposits:
Net demand
136. 7 136. 2 135. 7 104.7 104.3 103.4 95.7 95.9101.1
Time
123. 124.4 124.8 122.9 123.6 124.L 21125. 3125. 6 137.
Loans, total
69. 69.2 69.4 78.0 78.5 78. 8 83. 0 82. 8 107.
Interest rates:
24.2 24.2 24.2 18.2 18.2 18.2 24.2 24.2
Call loans!
57.7
20.1 20. 1 20.1 22. 9 22. 9 17.1 20.6 11.4! 80.0 85.7
Time loans!
Money in c i r c u l a t i o n s - 112.7113.1 113.4 116.8116.8 117.'.0 116. lill6. 2 113. 0 113. 2
Production:
•
Automobiles
17.0 22.0J 22.0 30.6 14.0
17.5] 21.6 9.7 11.4
Bituminous coal f
70.7 74.91 72.5 71.6 75.0 73.0 76.6 76.3 74.0 69.1
88.5 92.0 96.0 99.3
Electric power f
102.3 101.5 100.6 96.5 97.0
Lumber
33. 7j 31. 9| 34.6 36.61 35.5! 35.5 23.3 23.9 28.6 30.6
Petroleum!
113. 71115. 7,114. 0 108.2 110.8 109.1 100.8 101.3 116.2 117.
Steel ingots!
38.2 36.8(36.8 35.5 35.5 34.2 21.1 23. 7 36.; 38.2
Receipts, primary markets:
Cattle and calves
86.8 113.2 107.9 70.7(100.8 94.3 68.7 85.1 81.4 87.5
Hogs
87.4 89.5 68.2 83. 2| 95.2 63.5 56.3 72.9 84. 3 100. S
Cotton
129.2jl35.0;il8. 8 186. 5|195. 8 194. 6|l78. 5 340. 4 191. 9 265. 4
Wheat.
29.4! 23.3 32.2 39.2 35.3 23.21 52.5 57.0 54.8 68.3

* Compute normal = 100.
1 Latest week is preliminary.
f Weekly average, 1928-30=100.
! Daily average.
^.Temporarily discontinued.
# Index revised.
See weekly supplement on June 1, 1933, for explanation.
§ 1933-34 indexes are based on reports from 91 cities; earlier data cover 101 cities.

WEEKLY BUSINESS STATISTICS
1933

1934

COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb.
Cotton, Middling, spot, New York
dol. per lb.
Food index (Bradstreet's)
dol. per lb.
Iron and steel composite!
dol. per ton.
Wheat, N o . 2 Hard Winter (K. C.)
dol. per bu
FINANCE
Banking:
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
percent.
Exchange rates:
French franc (daily av.)
cents.
Pound sterling (daily av.)
dollars.
Failures, commercial
number.
Money in circulation
mills, of dol.
Security markets:
Bond sales (IV. Y. S. !£.)--thous. of dol. par value.
Bond prices, 40 corporate issues
dollars.
Stock sales (IV. Y. S. E.)
thous. of shares.
Stock prices (IV. Y. Times)
dol. per share.
Stock prices (421) (Standard Statistics)
1926=100
Industrial (351)..
1926 = 100.
Public utilities (37)_
1926=1*0.
Railroad (33)
1926 = 100PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
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.
Miscellaneous
cars.
Receipts:
Cattle and calves
thousands.
Hogs
thousands.
Cotton into sight
thous. of bales.
Wheat at primary markets
thous. of bu.
Wool, Boston, domestic and foreign..thous. of lb.

1931

1932

1930

Nov. 10 N o v . 25

Nov. 18

Nov. 11

Nov. 26

Nov. 19

Nov. 28

Nov. 21

0.088
.125
2.41
32.13
1.01

0.080
.101
1.96
30.24
.84

0.079
.102
2.00
30.21
.87

0.078
.101
1.93
30.28
.84

0.052
.059
1.73
28.77
.41

0.052
.064
1.71
28.77
.44

0.062
.062
2.13
30.08
.54

0.067
.062
2.09
30.17
.58

0.108
.106
2.61
31.87
.70

2,502
2,953

2,551
3,023

3,096
3,052

3,177
2,825

2,505
2,801

2,187
2,664

2,457
2,662

3,375
3,414

3,780
4,170

5,036
4,514

2,470
6
11
2,430

2,474
6
9
2,430

2,440
6
11
2,430

2,562
20
112
2,431

2, 564
15
111
2,432

2,542
7
112
2,430

2,201
35
308
1,851

2,208
35
307
1,851

1,941
480
686
727

1,972
534
662
727

1,028
176
234
596

13, 563
4,422
9,997
6,674
7,691
2,998
4,693
1.00

13, 504
4,448
10, 043
6,713
7,716
3,008
4,708
1.00

13,447
4,462
10, 096
6,683
7,741
3,010
4,731
1.00

10,676
4,445
8,111
5,111
8,508
3,549
4,959
.75
1.00

10, 629
4,472
8,124
5,138
8, 557
3,557
5,000
.75
1.00

10, 531
4,495
8,126
5,147
8,593
3,590
5,003
.75
.75

10, 856
4,648
7,959
4,961
8,943
3,735
5,208
1.00
.90

10, 871
4,658
7, 997
5,006
8,905
3,722
5,183
1.00
.50

2.50
3.50

2.38
3.75

2.00
2.75

6.590
4.99
229
5,474

6.586
4.99
208
5,493

6.587
4.99
223
5,506

6.349
5.30
301
5,672

6.452
5.31
259
5,673

6.201
5.02
338
5,682

3.913
3.25
460
5,635

3.919
3.30
480
5,643

3.911
3.62
492
5,486

3.914
3.76
588
5,496

3.928
4.86
461
4,580

64, 590
93,84
5,227
84.60
68.6
79.8
57.8
34.2

58,510
93.67
5,121
84.19
69.3
79.9
60.5
35.4

50,852
93.44
4,629
83.30
68.8
78.6
63.1
35.3

69, 600
79.18
8,533
85.13
71.7
80.4
69.2

86, 400
79.51
10,094
82.26
68.9
76.6
69.2
37.8

70, 033
81.49
7,223
81.12
69.6
76.4
72.7

31,900
77.94
3,727
56. 33
47.8
45.6
78.7
25.6

39,300
78.63
5,117
58.28
49.9
47.8
80.8
27.2

46, 367
83.08
6,849
83.06
63.4
60.1
103.5
36.2

51, 074
85.05
9,075
89.98
66.0
62.4
107.2
39.3

40,969
95.40
8,175
159. 27
117.1
109.6
166.7
100.4

13,000
1,204
1,705
2,369
29
4,963

16,810
1,275
1,691
2,411
28
4,274

16,820
1,234
1,676
2,375

23,326
1,220
1,608
2,254
27
4,759

10, 655
1,278
1,617
2,307
27
5,488

11,285
1,243
1,617
2,273
26

13, 389
1,305
1,475
2,099
16
5,035

16,497
1,299
1,532
2,111
18
4,017

7,375
1,261
1,600
2,420
28
6,754

8,709
1,177
1,655
2,453
29

37,607
1,674
1,672
2,266
39
10,380

561, 313
124,021
20,108
27, 938
19,152
159,635
3,650
206,809

584,525
130,904
21,611
28, 034
23, 253
157,481
4,052
219,190

594, 932
130,971
21, 380
27, 251
23, 055
160, 588
7,486
224, 201

585, 738
135,652
23,148
32,140
17,607
165,102
4, 529
207, 560

602, 708
144, 335
24, 228
32, 579
22, 265
165, 545
4,927
208, 829

583, 073
128, 334
23, 990
27, 921
21,915
166,103
8,729
206, 081

493, 318
119,992
14, 757
26, 663
17,102
146,751
1,727
166, 326

572, 623
142,877
16, 076
29, 596
20, 938
170, 252
2,991
189,893

558,798
109,192
19,835
29, 592
23, 563
177,033
4,190
195, 393

653, 503
121, 549
21, 227
36,872
25, 547
209,033
4,901
234, 374

701,050
155, 591
32, 095
33,633
23, 760
194,759
5,773
255,439

267
563
336
2,340
1,151

349
577
351
1, 855
1,560

332
440
309
2, 563
1,333

218
537
485
3,117
1,082

311
614
509
2,807
1, 709

290
410
506
1,845
1,930

212
363
464
4,179
482

262
470
624
4,536
5,391

251
544
499
4,359
756

269
651
690
5,431
3,129

213
436
494
3,205
734

Nov. 24

Nov. 17

0.088
.126
2.41
32.18
1.03

0.088
.126
2.43
32.15
1.02

3,501

Nov. 29

1

§ Statistics covered 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reporting.
Comparable figures not available prior to 1932.
included). Revised data back to 1929 will be presented in a subsequent monthly issue.


t Revised series (scrap now


22

SURVEY OF CURRENT BUSINESS

December 1934

Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Later data will
be found in the Weekly Supplement to the Survey.
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January Februber
ber
ary
in the 1932 Annual Supplement to the Survey

1934
March

April

May

June

July

August September

BUSINESS INDEXES
BUSINESS ACTIVITY (Annalist)f
Combined index 1
normal = 100—
Automobile production t
normal = 100—
Boot and shoe production
._normal = 100 .
Carloadings, freight
normal = 100_.
Cement production
normal = 100
Cotton consumption _
normal = 100 _
Electric power production
normal = 100_Lumber production
normal =100-_
Pig-iron production
normal = 100
Silk consumption
normal —100
Steel ingot production H
normal = 100—
Wool consumption
normal = 100_.
Zinc production .
. .normal = 100 .

70.2
51.6
57.6
40.8
92.2
92.7
46.7
31.8
75.5
30.1

72.3
50.0
101.2
59.0
31.5
90.4
89.3
52. 6
45.0
49.8
54.2
102. 4
71.7

68.4
28.6
95.4
59.4
33.9
83.8
88.4
48.3
37.2
59.2
41.3
92.3
65.7

78
76
40
40
86
70
59
102
34
p 102
152
79
28

70
19
38
96
50
43
88
29
p 98
146
73
36

116
88
71
67
108
66
122
33
75
76
76
45
35
85
70
60
93
33

97
84
75
72
19
74
116
30
72
72
70
30
39
92
52
47
92
30

152
90
39
P91

147
97
41

76.7
71.1
115.9
67.4
55.8
89.2
93.1
49.5
45.8
66.6
54.9
75.8
61.5

78.9
77.9
118.7
69.0
51.4
89.9
93.7
60.6
50.9
69.6
59.3
77.4
62.1

80.0
78.5
130.2
64.7
54.4
90.8
96.1
53.3
54.5
71.6
69.8
72.6
59.1

80.2
70.1
130.2
63.9
52.6
92.0
95.3
51.9
63.1
71.8
77.7
66.8
59.6

77.2
71.2
107.5
64.9
•52.8
68.5
95.8
47.6
64.6
61.7
77.4
63.0
52.2

• 73.2
70.9
108.2
61.9
a 49. 6
77.6
« 96. 7
44.8
40.6
58.2
40.8
68.4
51.4

• 71.1
62.4
« 107.9
59.6
° 43.8
82.4
"94.0
55.5
34.8
57.1
34.3
"62.8
52.7

«66.5
52.7
«91.2
59.1
46.8
58.5
«92.4
50.2
31.2
54.4
34.3
41.2
53. 8

83
82
76
37
90
106
66
109
28
p 102
144
108
21

86
85
96
42
82
115
75
110
39
p 102
143
117
46

« 71
82
64
100
91
44
98
29

« 73
a 71
67
62
100
87
38
106
38

o 72
« 70
56
63
122
85
37
101
33

120
88
95
78

113
91
89
84

68
115
29
68
75
73
45
36
86
106
60
94
32

65
115
37
70
78
76
56
49
96
99
58
97
34

66
116
39
71
81
80
71
61
91
98
63
107
29

156
81
41
p 73
139
85
52
59
105
51
13J
34
53
a
76
74
78
53
102
92
47
99
29

142
97
26

\u

55
125
46
67
85
85
85
55
93
98
76
116
33
p 100
152
97
65

154
102
47
P 73
144
87
60
60
106
57
132
44
55
83
83
82
58
96
77
85
100
31

138
108
41

58
121
52
72
84
82
78
58
84
106
66
105
38
p 100
143
106
59
p 94
119
100
109
84

89
89
98
68
96
90
91
108
35
p 102
153
102
50
p 89
130
87
76
62
60
65
128
43
66
86
86
78
57
98
83
84
117
33
p 100
153
81
39

84
83
93
72
95
79
85
97
32

131
85
89
74

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

156
83
28

157
79
95

57
122
47
68

56
125
45
64

154
84
38
P 77
132
87
69
67
54
56
130
45
57

128
85
63
65
52
53
128
40
57

126
80
50
61
47
44
121
39
60

69.5
40.1
93.0
62.2
34.8
68.5
90.0
51.9
42. 1
51.5
53.7
78.9
60.5

73.1
57.2
104. 2
65.2
46.2
88.8
89.5
54.5
42.7
60.6
48.1
73.9
62. 1

69
67
25
28
89
80
53
81
29
p 92
138
75
32
v 74
99
80
67
69

77
75
46
30
102
88
53
90
30

INDUSTRIAL PRODUCTION (F. R. B.)
Total, unadjusted
1923-25 = 100
Manufactures, unadjusted
1923-25= 100—
Automobiles*
1923-25=100- _
38
Cement- - 1923-25=100
53
Food products
1923-25 — 100
110
Glass, plate
1923-25 = 10087
Iron and steel*
1923-25 = 100
40
Leather and shoes §
1923-25 = 100-_
Lumber
1923-25 = 10030
Paper and printing
1923-25 — 100
Petroleum refining.. _ .
1923-25 = 100..
Rubber tires and tubes
1923-25 = 100-.
v 72
Shipbuilding
_ _ 1923-25=100—
p 92
Textiles ._
1923-25-100
Tobacco manufactures
1923-25 = 100..
129
Minerals, unadjusted
1923-25 = 100—
P86
Anthracite.. .
1923-25—100
p 68
v 71
Bituminous coal
1923-25—100
Iron ore shipments
1923-25 = 100—
60
Lead
1923-25 = 100..
58
Petroleum, crude
1923-25=100—
P 121
Silver
1923-25 = 10039
Zinc
1923-25 = 10073
Total, adjusted
1923-25=100Manufactures, adjusted
1923-25 = 100. P72
Automobiles*
1923-25 = 100—
41
Cement1923-25 = 100
46
Food products
1923-25= 100—
107
Glass, plate
_
1923-25-100
87
Iron and steel •
.
1923-25=100—
41
Leather and shoes §._
_1923-25=100-_
Lumber
1Q23-25 —100
29
Paper and printing
1923-25=100—
Petroleum refining
1923-25 = 100..
Rubber tires and tubes
1923-25=100— """V82"
Shipbuilding
1923-25 = 100
Textiles
1923-25 = 100Tobacco manufactures
1925-25=100-.
120
8
Minerals, adjusted
1923-25 = 100—
!J
Anthracite
1923-25 = 100—
Bituminous coal
1923-25—100
p 64
Iron ore shipments
1923-25 — 100
35
Lead
1923-25 = 100-56
Petroleum, crude
1923-25 — 100
p 120
Silver
1923-25 = 100..
39
76
Zinc1923-25-100

10S
81
55
61
63
64
121
33
77

p 91

123
85
68
66

138
88
82
67

100
30
p 91
132
91
89
74

67
119
29
67

64
120
37
66

64
118
36
66

P78

95
81
73
65
23
71
117
33
72

142
90
18

P87

128
90
73
72

128
89
76
72
40
66
127
44
65

157
7S
140

152
76
133

a

p 76

135
83
50
60
95
43
126
39
56
73
72
61
48
106
86
38
96
36

139
87
62
68
85
52
125
34
58
71
69
51
50
120
84
37

a

32
152
79
133
p 64
125
82
62
64
44
55
* 122
36
61

MARKETINGS
92
105
74
77
93
66
74
67
Agricultural products-(quantity) 1923-25=100114
126
105
60
81
107
93
97
112
102
84
88
SO
Animal products
1923-25=100..
87
92
72
100
85
124
127
123
118
100
94
94
100
Dairy products
1923-25—100
102
96
84
98
102
100
77
83
122
116
72
92
67
Livestock
1923-25=100-_
87
82
68
75
111
100
120
67
63
119
77
78
111
70
120
81
113
Poultry and eggs
1923-25—100
70
253
91
173
105
22
441
28
24
115
84
30
Wool
1923-25 = 100-42
91
54
56
74
107
47
78
60
55
167
120
47
76
Crops
1923-25=100..
129
28
42
50
160
42
35
62
50
290
211
38
113
Cotton
1923-25 = 100210
60
108
92
70
87
71
71
81
108
78
57
67
Fruits
1923-25 = 100..
104
57
37
101
29
119
42
37
69
77
56
43
45
Grains
1923-25 = 10058
120
102
54
90
75
93
104
82
109
71
78
65
Vegetables
1923-25 = 100
108
* New series. See p. 18 of the March 1933 issue, marketings (quantities).
t Revised series. For earlier data see p. 19 of the October 1933 issue.
K
For 1933 revisions of the combined index and automobile and steel ingot production indexes see p. 22 of the August 1934 issue.
a
Revised.
v Preliminary.
§ Series revised. For earlier data see p. 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances by
a slight amount.
• Index of automobile and iron and steel production revised for 1933. See p. 22 of the September 1934 issue for a complete record of the revisions.




23

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
Novemin the 1932 Annual Supplement to the Survey October October
ber

1934
February

March

April

June

May

July

August

September

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

74.5
55.0
47.0

66.5
48.5
45.0

60.5
52.5
48.0

48.5
46.5
45.0

50.5
52.0
53.5

45.5
54.5
56.0

48.0
57.0
60.0

45.0
58.5
64.0

50.0
58.0
59.5

63.5
73.0
57.5
60.0

52.5
67.0
43.5
51.5

57.5
68.5
46.0
57.0

48.0
66.5
36.0
46.0

51.0
60.5
45.5
49.0

53.5
61.5
47.5
53.0

53.5
65.0
45.5
59.0

52.5
63.5
47.0
50.5

56.0
65.0
51.5
52.0

162
109
121
100
117
94
79
155
86
113
159
120
201
120
216
113
254

167
109
117
105
113
99
82
149
73
96
152
177
210
121
224
122
270

171
110
111
102
117
96
84
153
75
105
153
° 180
217
127
218
124
294

170
110
121
102
117
94
82
159
71
99
152
° 179
215
126
213
124
296

162
111
126
103
117
96
83
167
68
107
151
173
201
117
201
129
273

155
111
129
92
117

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

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

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

248
337
225
340
228
278
148
134
219

P250
J-343

P242

*>245
v 367
209
347

*254
»423
211
347

*260

P258

*>349
216
340
236
334
144
125
202

J-407

297
144
98
192

332
152
85
197

225
347
»260
328
147
83
202

I
S
i
i
|

48.5
65.5
77.0

54.5
71.0
87.5

60.0
62.5
68.0

»69.0
60.5
58.0

54.0
63.5
48.0
51.0

54.5
65.0
50.0
47.5

56.5
70.0
48.5
53.0

»63.0
72.0
»58.5
57.5

132
109
115
* 94
115
95
79
143
92
102
159
148
149
93
162
97
182

140
114
117
109
116
96
79
141
115
103
161
130
161
90
198
108
173

144
111
121
104
116
96
78
144
79
112
158
119
169
92
217
105
173

154
110
123
104
117
93
79
150
91
113
162
119
187
109
216
107
217

*392
218
369
*>287
304
142
83
215

*>268
»409
221
387
242
309
142
78
241

231
374
238
295
141
74
237

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=100Leather
1923-25=100_
Metals, nonferrous
1923-25=100.
Paper, newsprint
1923-25=100.
Rubber products
1923-25=100.
Stone, clay, and glass
1923-25=100Textiles
1923-25=100.
Raw materials
1923-25=100.
Chemicals and allied prod.__1923-25= 100.
Foodstuffs
1923-25 = 100.
Metals
1923-25=100Textile materials
1923-25=100World stocks—foodstuffs and raw materials:
Total
1923-25 = 100Coffee—adj. for seasonal
1923-25=100Cotton—adj. for seasonal
1923-25=100.
Rubber—adj. for seasonal
1923-25 = 100.
Silk—adj. for seasonal
1923-25=100Sugar—adj. for seasonal
1923-25=100.
Tea—adj. for seasonal
1923-25 = 100Tin—unadjusted
1923-25 = 100Wheat—adj. for seasonal
1923-25=100-

P248

*>367
220
339
215
291
140
114
205

214
348
P255

303
135
108
214

162
84
117
157
169
188
108
192
115
252
»360
193
347
P281

296
134
104
198

"251
*>303
221
371
234
146
74
228

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

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

80.9
77.5
79.1
87.5
66.4
92.8

78.0
77.7
73.4
87.0
63.2
91.4

77.8
77.8
73.0
87.4
62.8
91.5

77.3
77.4
71.7
87.5
62.8
91.5

77.5
77.3
72.0
87.1
62.7
91.9

78.3
77.5
74.1
87.1
62.8
92.1

78.5
77.7
74.3
87.1
63.1
92.2

78.4
77.9
73.5
86.5
63.7
92.4

78.6
77.8
74.1
85.7
64.2
92.4

78.8
77.3
74.5
85.8
64.6
92.5

79.1
77.0
75.2
86.4
64.7
92.5

79.6
77.2
76.5
86.9
65.4
92.3

81.0
77.6
79.9
87.4
66.0
92.4

102
108
107
99
98
109
74
110
137

78
93
71
91
77
69
64
123
93

80
102
76
92
70
75
59
127
101

78
94
77
88
74
73
52
114
104

77
82
82
84
86
76
55
102
94

83
78
93
92
87
79
65
101
98

84
74
94
95
97
79
66
79
98

82
72
94
91
96
77
64
98
96

82
72
90
91
110
78
64
89
92

86
72
94
93
137
89
64
80
90

87
76
99
94
113
91
66
102
94

96
86
107
97
101
106
68
108
125

103
104
110
99
93
112
82
133
126

166
116

167
107

168
107

167
104

167
105

168
108

168
109

164
107

156
108

157
109

159
110

162
112

165
117

Dec. 1930=100

87.4

87.1

88.0

88.0

88.5

89.5

89.6

89.4

88.6

88.2

87.9

87.7

87.7

Dec. 1930=100-.
Dec. 1930=100
Dec. 1930=100..
Dec. 1930=100.
Dec. 1930=100-.

94.4

91.3
85.6
90.5
85.0
82.8

90.4
86.2
90.3
85.8
82.8

91.0
86.5
89.5
86.5
84.2

93.2
88.4
90.2
87.5
85.6

93.9
87.9
91.4
88.2
85.5

93.9
88.1
91.0
88.4
85.5

93.8
87.7
90.8
88.1
85.5

93.9
88.3
90.4
88.2
84.8

94.0
87.7
90.1
88.5
85.5

94.0
87.7
89.8
88.9
87.6

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

1909-14 = 1001909-14=1001909-14=100,
1909-14=100.
1909-14=1001909-14=1001909-14=100.
1909-14=100.
1909-14 = 100,

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

1913=100—
1913 = 100-.

87.7
90.7
88.9

90.5
86.2
90.5
85.9
84.8

93.6
88.9
91.2
88.7
85.9

WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100__
76.4
71.2
72.2
74.6
74.8
73.3
73.7
73.6
71.1
77.6
73.7
70.8
76.5
Economic classes:
78.2
Finished products
1926=100-.
79.2
78.2
79.2
80.1
75.4
76.0
77.2
77.8
77.0
75.2
77.1
74.8
Raw materials
1926=100__
72.1
61.8
62.4
61.9
64.1
66.0
65.9
65.1
65.1
67.3
68.3
71.6
73.9
Semimanufactures
1926=100-71.5
72.8
71.4
72.3
71.9
74.8
74.3
73.9
73.7
72.9
72.7
72.6
71.8
Farm products
1926=100-.
70.6
69.8
55.7
56.6
55.5
58.7
61.3
61.3
59.6
59.6
63.3
64.5
73.4
Grains
1926=100..
85.0
58.2
61.3
60.4
63.7
63.2
62.3
58.8
63.9
72.4
74.8
86.0
88.1
Livestock and poultry
1926=100-.
55.3
56.2
45.4
41.2
38.0
41.1
48.2
49.5
49.2
47.8
48.3
48.8
64.1
a
Revised.
* New series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products and p. 19 of the December 1932 issue, Fairchild price index.
*> Preliminary.
§ Data for Nov. 15: Total 102, chickens and eggs 125, cotton and cottonseed 107, dairy products 105, fruits 94, grains 109, meat animals 72, truck crops 107, miscellaneous
131.
t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue.
# The data on retail prices of food until August 15 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, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey October October

December 1934

1933

1934
January February

ber

April

March

September

June

COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
Department of Labor index—Continued.
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
1926= 100.
Hides and leather
1926=100.
Boots and shoes
1926 = 100.
Hides and skins
1926=100.
Leather
1926=100.
House-furnishing goods
1926=100.
Furniture
1926=100.
Furnishings.
1926=100.
Metals and metal products
1926 = 100.
Iron and steel
1926=100.
Metals, nonferrous
1926=100.
Plumbing and heating equipment
1926 = 100.
Textile products
1926=100
Clothing
1926=100.
Cotton goods
1926 = 100.
Knit goods.._
..1926 = 100.
Silk and rayon
1926=100.
Woolens and worsted..
1926=100.
Miscellaneous
1926=100.
Auto tires and tubes
1926=100.
Paper and pulp
1926=100.
Other wholesale price indexes:
Bradstreet's (96)
1926=100.
Dun's (300)
1926 = 100.
World prices, foodstuffs and raw materials:*
Combined index
1923-25 = 100.
Coffee
1923-25 = 100.
Copper.
1923-25 = 100.
Cotton
1923-25 = 100.
Rubber
1923-25 = 100.
Silk
1923-25 = 100.
Sugar--_
1923-25=100.
Tea—
1923-25 = 100.
Tin—
1923-25 = 100.
Wheat
1923-25=100Wholesale prices, actual. (See under respective commodities.)

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
50.4
83.8
97.7
59.7
70.5
81.7
79.0
84.4
86.3
86.2
68.1

64.2
66.0
62.5
51.0
77.2
83.9
84.6
91.2
84.2
72.7
78.6
56.8
67.6
73.6
92.3
100.5
52.7
89.0
98.9
71.2
83.2
81.2
79.8
82.8
83.0
82.4
67.0

64.3
67.2
61.7
48.2
77.2
84.9
84.7
91.2
86.5
73.4
79.2
58.4
67.8
73.5
93.8
94.6
51.6
88. 2
99.0
70.1
79.3
81.0
79.4
82.8
82.7
81.5
68.0

62.5
65.1
63.0
46.0
77.5
85.6
85.7
91.2
88.0
73.7
79.2
59.0
68.1
73.4
94.0
92.2
51.6
89.2
98.6
74.9
80.1
81.0
79.3
82.9
83.5
83.6
66.6

64. 3
65.0
68. 0
48. 9
78. 3
86.3
86.6
93.9
87. 4
74. 4
78. 8
65.2
68. 4
73.1
92.3
90.8
51.1
89.5
98.5
77.2
79.9
80.8
78.8
82.9
85.5
83.6
66.1

66.7
69.1
71.7
53.3
78.7
86.6
87.2
93.9
87.3
75.5
78.8
71.5
69.2
72.4
91.8
89.3
50.3
89.6
98.4
78.0
80.1
81.0
79.2
83.0
87.0
86.3
65.8

67.3
68.9
71.6
56.5
78.5
86.4
88.5
93.9
86.4
75.7
79.0
71.9
69.5
71.4
88.5
89.4
48.7
88.7
98.5
73.4
79.7
81.4

68.1
70.3
79.1
86.6
60.5
24.8
74.8
69.7
44.7
82.4

74.7
77. 1
84.8
88.8
74.7
32.0
84.5
65.3
43.2
82.4

73.7
76.8
88.0
86.0
72.5
30.4
84.4
65.5
43.2
82.5

72.5
76.4
87.9
85.5
71.2
29.6
84.3
65.7
43.2
82.5

72.5
76.5
87.5
86.5
70.6
29.7
84.3
67.5
43.2
83.0

72.7
76.9
87.2
88.6
67.0
31.0
84.3
68.5
43.5

71.8
89.1

68.2

68.4
86.1

69.7
87.2

49.1
55.9
63.5
46.0
32.7
16.6
54.6
66.6
101.3
48.8

68.5
85.1
37.6
44.5
57.5
35.7
17.9
23.0
33.7
72.8
95.3
34.8

39.3
44.5
57.0
36.8
20.3
20.5
30.4
73.7
105.6
43.4

39.3
46.5
57.0
37.5
20.8
19.8
30.2
75.2
105.2
41.6

41.2
50.4
57.0
41.5
21.8
20.3
29.9
78.4
103.2
44.1

71.7
87.5
43.2
57.3
56.3
45.2
24.5
21.7
33.2
78.2
102.7
42.1

131.6
129.5
147.1
125.8

141.4
139.7
188.3
130.5

141.6
140.4
183.8
130.9

142.2
144.1
188.3
131.8

139.5
142.5
190.8
131.4

136.8
138.3
177.0
130.0

83.2
87.1
86.3
66.3

66.2
66.5
67.9
57.3
78.6
86.7
90.7
89.7
87.2
75.5
78.6
72.2
68.7
71.7
88.3
92.2
49.4
88.9
98.5
76.7
78.4
81.6
79.9
83.5
87.9
87.3
68.0

67.1
67.1
68.2
60.0
78.9
87.3
91.2
89.4
85.9
75.4
78.6
72.8
66.4
72.5
88.9
94.6
50.7
87.9
98.5
73.5
76.3
82.0
80.1
84.1
89.1
90.2
68.1

72.7
76.5
87.2
89.1
65.6
29.4
84.0
69.3
44.6
82.7

76.2
75.3
85.7
88. 2
64.2
28.4
82.0
69.5
44.6
83.6
70.9

79.8 i

85. 1
87.7
88.6
68.5

70.6
74.8
68.2
63.4
78.4
87.0
91.3
93.9
85.3
75.4
78.5
73.0
67.6
73.9
92.4
99 2
5L3 |
86.3 !
98.0 I
66.6 I
75. 1 !
81.6 i
78.5
84.8
86.8 :
86. 7 '
68.8 :

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

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
81.8
78.8
84.8
86.6
86.5
68.4

75.0
73.6
82.7
86.3
65.3
26.5
81.0
69.8
44.6
83.7

75.1
72.7
82.6
86.0
62.8
25.0
80.8
70.2
44.6
83.5

75.0 :
71.5
81.9 i
85.1 !
59.5 S
24.5 80.7 |
69.9 i
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
73.2
90.2
51. 1
56.8
63.5
48.2
36.0
15.7
54.6
64.2
102.4
54.5

129.7
128.2
142.7
125.6

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 j
98.4
70.1 !
75.3 I
82.0 j

79.0 I

70.7
86.9

71.5
88.6

72. 1
89.0

42.6

85.5
40.9
55.9
59.1
43.8
28.3
18.4
19.5
76.8
110.6
43.2

40.3
55.9
59.9
41.9
31.0
17.9
19.5
74.3
106. 5
42.4

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 i
66.4 i
103.3 I
48.4 I

73.4
89.7
50.4
56.8
63.5
49.3
36.2
15.8
43.4
67. 5
103.3
59.4

136.6
138.1
175.1
129.7

137.4
139.5
179.2
129.9

136. 6
138.5
179.2
129.5

135.0
137.4
170.9
129.2

134. 6
136.2
168. 9
128.7

131.8
134. 0
153.1
127.9

71.0
86.6
42.4 !
57.8 I
56.3 i
45.2 i
25.8 I

19.6
27.7
76.3
106.9

j
!
!
!

PURCHASING POWER OF THE
DOLLAR *

Wholesale prices
Retail food prices
Farm prices 0
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.:
»30
42
29
35
40
Total, unadjusted
1923-25=100..
45
38
33
36
» 11
11
12
12
10
11
10
12
14
Residential
1923-25 = 100..
»29
31
37
49
57
44
33
32
48
Total, adjusted
1923-25 = 100..
• 11
12
12
12
13
12
11
12
13
Residential
1923-25=100..
F. W. Dodge Corporation (37 States):
Total, all types:
7,182
7,625
7,666
8,368
9,153
7,476
8,114
7,729
7, 677
5,507
7, 927
6, 232
Projects
number.. 10,013
Valuation
thous. of dol. 135,525 145, 367 162, 341 207, 210 186,464 96, 716 178, 346 131, 225 134, 439 127,116 119, 663 120, 015 • 110,152
Nonresidential buildings:!
3,134
3,061
2, 905
3,210
2,787
2,387
2, 072
3,141
3,535
3,419
2,256
3,189
2,959
Projects
.number.
7,147
8,275
7,524
8,093
8, 996
8,330
7,991
7,885
5, 470
5,185
4,271
7,673
Floor space
thous. of sq. ft..
5, 053
43,142
60, 751 50, 816 a 42, 309
Valuation
thous. of dol.. 43, 986 31,117 27, 645 50, 040 57, 616 29,015 57,329 38, 737 52, 797
Public utilities :#
206
232
199
196
205
210
289
322
193
215
185
245
358
Projects
number..
7,901
8,651
13, 069
6,510
5,599
12, 372
6,995
10, 596
Valuation
thous. of dol.. 12,642
6,443 21, 003
6,938 34, 043
Public works :#
2 446
1,051
1,087
1,313
1,537 I 1,344
1,445
1,761
2,222
1,184
Projects
..number..
1,918
1,718
1,101
41, 906
43, 479
Valuation
thous. of dol.. 52, 598 85, 729 104, 141 99, 227 103,141 46, 739 71, 937 57, 535 51,202 | 44, 340 31,166
Residential buildings:
I
3, 731
3,027
3,198
3,370
1 720
Projects
number..
3,161
2, 962
3,596
4,271
2,500
4,201
1,730
1,965
5,030
7,504
4,795
4,847
6,868
5 890
5,985
Floor space
thous. of sq. ft._
7,015
6,433
8 046
6,159
3, 943
3,634
18,641 ° 17, 854
19, 845
26, 565
Valuation
thous. of dol.. 26, 300 21, 526 23,616 23 900
15,110 14, 520 28 076 22, 686 24,840
Engineering construction:f
Total contracts awarded (E. N. R.)
thous. of dol_. 90, 501 141, 622 147 446 102, 563 101, 581 79,261 122 204 101,192 116,743 109,993 118,000 109,115
4, 439
° 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, p. 18, August 1933 (except farm prices. See the footnote on this series below.)
• Index of farm prices have been completely revised. Refer to p. 20 of the November 1934 issue. The reciprocals of the new series have not been published prior to
September 1933. See p. 24 of the November 1934 issue.
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.
# 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.
^ Months of November 1933, March, May, and August 1934 include 5 weeks; other months include 4 weeks.




25

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber

1934
February

March

April

May

June

July

August

Septen>
ber

CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
5,082
Total
thous. of sq. yd\
3,760
Roadsonly
thous. of sq. yd.
Highways:
Approved for construction (N.I.R.A.): *
2,845
Mileage
number of miles.
Public works funds alloted-.thous. of doL. 10,854
Under construction (N.I.R.A.): *
Estimated total cost
thous. of doL. 179, 453
Public works funds allotted.thous. of doL. 139, 570
Federal aid funds allotted.-.thous. of doL.
6,093
Mileage
number of miles..
7,879

7,970
6,409

5,542
4,171

5,918
4,107

3,921
2,131

3,586
2,356

3,353
2,143

2,459
1,463

3,752
2,200

2,628
1,572

2,949
2,093

2,858
1,557

4,600
3,491

5,147
74, 731

4,748
76, 619

5,607
93, 439

4,491
80, 795

4,333
80, 456

4,267
77, 283

3,279
62,216

2,405
43,297

1,718
31,149

1,225
22,481

1,614
15, 598

2,886
13,839

92, 215
85,989
3,177
5,910

134,491
124, 652
5,071
8,813

159, 575
147, 264
5,561
10, 504

197, 088
180, 944
7,042
12,084

216, 291
198, 759
7,574
12,827

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

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

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

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

267, 509
246, 394

8,421
12, 524

231,554
211,512
7,608
10, 220

203, 027
176, 997
7,123
8,831

181
200.9

151
166
187.7

152
167
190.1

153
168
192.1
175

153
168
191.3

154
169
194.0

156
172
194.0
176

157
180
195.9

158
180
199.6

158
180
199.6
177

157
182
199.7

157
183
198.4

157
182
200. 6
177

18, 236
16, 723

21,465
16, 060

22,454
16,510

27, 626
17,125

28, 003
15, 917

31, 443
14,198

31,312
16,111

22,029
15,807

25, 271
16, 680

20,006
16,348

19, 48 4
15, 4 99

19,613
15, 462

16,244
15,972

87, 446

73,110
45.8

88, 442
53.8

92, 497
51.5

94,040
46.3

93,125
46.3

88, 922
45.2

86, 842
45.7

86, 248
47.9

85, 723
48.3

85, 519
52.5

86, 647

54.1

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.R.) § 1913 = 100_.
Building costs—factory (Aberthaw). 1914=100-.
MISCELLANEOUS DATA
Construction—employment and wages:
Employment, Ohio. (See Employment.)
Wages, road building. (See Employment.)
Fire losses, United States
thous. of doL.
Foreclosures *•
number..
Ship construction. (See Trans. Equipment.)
Real estate:
Home Loan Bank, loans outstanding *
thous. of doL.
Market activity
each month 1926=100_.
New financing. (See Finance.)

DOMESTIC TRADE
ADVERTISING
Radio broadcasting:
3,104
4,527
3,256
3,466
3,793
3,585
3,697
3,998
3,740
2,495
3,728
2,249
Cost of facilities, total
thous. of dol
2,561
544
261
273
289
268
338
348
371
309
Automotive
thous. of dol
338
188
178
222
30
4
35
26
0
Building materials
thous. of dol
17
15
32
26
0
0
18
7
Clothing and dry goods
thous. of doL.
25
46
43
30
22
27
43
18
36
30
40
19
27
20
117
188
177
162
142
34
Confectionery
thous. of doL.
168
119
109
78
80
68
Drugs and toilet goods
thous. of doL. 1,497
910
978
1,048
1,196
1,089
1,222
1,022
921
1,168
1,168
787
969
64
60
64
57
65
57
Financial
thous. of dol
61
56
36
63
37
36
40
1,218
1,080
1,132
1,061
1,091
997
945
974
829
719
Foods
thous. of dol
999
688
700
26
11
12
54
55
36
78
House furnishings
thous. of dol
50
12
12
6
46
38
9
0
8
0
12
Machinery
thous. of dol
15
3
0
0
0
0
0
0
24
19
19
21
22
Paints and hardware
thous. of doL.
11
20
24
20
13
5
7
19
Petroleum products
thous. of dol
318
311
307
259
245
267
241
243
189
202
188
193
258
Radios
thous. of doL.
56
95
58
58
54
47
39
45
36
33
34
39
45
0
0
Shoes and leather goods
thous. of doL.
15
0
0
12
0
0
6
0
0
0
0
Soaps and housekeepers' supplies
141
thous. of doL.
134
92
95
145
142
190
160
216
112
178
115
190
Sporting goods
thous. of dol
0
0
0
0
0
0
0
0
0
0
0
0
0
Stationery and publishers,..thous. of doL.
24
49
2
24
13
13
18
31
35
27
23
48
23
Tobacco manufactures
thous. of doL_
316
134
185
392
46
437
416
381
310
187
93
38
326
Miscellaneous
thous. of dol
16
69
112
48
84
89
54
114
107
65
67
47
no
Magazine advertising:
10, 653
9,232
Cost, total
thous. of dol
6,283
8,209
7,291
10,822
8,008
9,088 « 9, 339
8,319
9,200
11,693
11,586
Automotive
thous. of doL.
965
739
486
1,136
982
574
1, 016
1,543
1, 665
1,639
997
1,386
934
Building materials
thous. of doL.
214
295
225
« 215
173
97
139
183
293
267
191
171
131
Clothing and dry goods
thous. of doL.
296
477
356
° 303
245
178
187
298
413
281
113
393
326
212
194
« 185
302
100
86
142
178
Confectionery
thous. of doL.
168
165
178
178
226
1,992
« 2, 308
1,332
1,894
2,193
1,502
1,948
2,431
Drugs and toilet goods
thous. of doL.
2,056
1,884
2,170
2,119
1,698
232
226
"239
179
192
220
241
230
Financial
thous. of doL_
196
222
195
250
266
1,173
1,683
1,958
1,785
1,916
1,366
Foods
thous. of doL. 1,823
1,777
1,969
1,711
1,607
1,330
1,568
16
11
14
7
50
76
59
41
31
Garden
thous. of doL_
8
75
61
8
817
660
«589
229
348
535
448
367
351
183
House furnishings
thous. of doL867
780
1,039
52
179
125
"158
176
119
34
33
Jewelry and silverware
thous. of doL109
190
236
86
36
52
25
29
23
32
41
27
32
29
32
Machinery
thous. of doL_
40
45
39
59
139
76
70
83
110
83
91
110
102
99
81
70
Office equipment
thous. of doL.
144
117
a 81
17
45
91
32
24
51
163
135
Paints and hardware
thous. of doL203
88
213
229
202
168
190
167
119
145
258
303
Petroleum products
thous. of doL_
228
288
248
80
238
103
273
235
65
115
238
85
64
108
100
98
Radios
thous. of doL_
105
124
115
110
101
150
128
84
132
133
143
113
Schools
thous. of doL.
128
237
140
134
54
39
62
134
106
222
106
39
Shoes and leather goods
thous. of doL.
198
213
Soaps and housekeepers' supplies
«580
556
643
336
583
461
371
576
651
thous. of dol_.
643
438
717
711
112
81
46
93
55
72
169
Sporting goods
thous. of doL.
102
223
223
184
179
114
Stationery and books
thous. of doL_
167
310
235
325
166
161
187
82
198
149
137
117
«198
421
Tobacco manufactures
thous. of doL_
«395
439
548
448
370
449
454
433
523
486
461
425
Travel and amusement
thous. of doL.
313
215
«242
291
283
284
343
152
188
459
257
521
418
Miscellaneous
thous. of doL.
643
327
« 317
224
312
319
414
574
580
433
554
652
472
1,870
1,899
1,375
1,765
1,791
2,013
Lineage, total t
thous. of lines._
1,534
2,469
2,271
1,853
1,827
2, 501
* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N.I.R.A. highway work started in September 1933;
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. See special note below on foreclosures.
t Revised series. See p. 20 of the October 1933 issue.
§ Index as of Nov. 1, 1934, 201.4.
• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures in 1013, identical communities in 48 States having 53 percent of the population of the United States. Earlier data not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933, 209,003. October 1934 and subsequent months
will abe computed by means of a link relative to keep series comparable.
Revised.
1)8025—34
4




26

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber

December 1934
1934

February

March

April

May

June

July

August September

DOMESTIC TRADE—Continued
ADVERTISING-Continued
Newspaper advertising:
Lineage, total (52 cities) •
thous. of lines.. 108,810 105,970 99,823 96, 716 82, 455 80, 788 103, 648 107, 491 112,122 103, 646 83,183 87,692
96,378
Classified
tbous. of lines-. 18, 605 19,467 16,199 15, 548 15, 045 13, 661 16, 577 17, 808 17,932 18, 689 16, 475 17,790
17,936
Display
thous. of lines.. 90, 205 86, 503 83,624 81,168 67,409 67,126 87, 071 89, 683 94,190 84, 957 66, 709 69,902
78, 442
3,917
4,683
Automotive
thous. of lines..
5,565
4,841
5,931
4,358
6,179
8,180
7,076
3,936
9,296
9,503
6,514
1,653
1,497
Financial
thous. of lines..
1,193
1, 500
1,643
2,159
2,010
1,808
1,528
1,718
1,506
1,481
1,219
General
thous. of lines.. 22, 039 20, 071 18, 769 12, 275 13,977 16, 745 19, 384 20,183 21,798 19, 531 15,279 13,769
16,103
56, 305
Ketail
thous. of lines.. 62, 595 60, 252 57, 791 63,451 45,343 44, 381 59, 498 59, 512 61,616 54, 395 42, 636 48, 401
GOODS IN WAREHOUSES
Space occupied, public merchandising warehouses
percent of total..
63.9
°66.0
64.2
65.2
67.4
67.6
67.2
67.4
65.9
66.0
70.1
NEW INCORPORATIONS
Business incorporations (4 States)
number..
2,140
2,525
2,864
1,788
2,106
2,507
2,393
2,320
2,185
2,048
2,013
2,384
2,304
POSTAL BUSINESS
Air mail, mile performance*.thous. of pounds..
246, 861 374, 591 454,193 511,006 487, 707
Money orders:
Domestic, issued (50 cities):
Number.
thousands3,915
3,822
3,270
3,138
3,338
3, 250
3,611
3,419
3,519
3,553
3,452
3,286
4,013
Value
thous. of dol.. 36, 639 33,146 32,232 35, 487 34, 551 31,743 36,183 34, 225 34, 097 33,896 32, 670 32, 795
31, 753
Domestic, paid (50 cities):
Number
thousands.
12, 620 11,106 11,173 12,118 11, 282 10, 056
9,784 10, 253
10, 375
11,999 10, 476 11, 257 10,953
Value
thous. of dol. 111,756 102,877 98, 630 98, 551 89, 761 79,192 94,176 85, 219 89, 684 88,088 83, 727 88, 045
87,976
Foreign, issued—value
thous. of dol.
2,507
2,043
2,422
2,006
3,047
2,118
2,299
1,998
2,279
5,110
2,030
2,219
Receipts, postal:
50 selected cities
thous. of dol.
50 industrial cities..
thous. of dol.
RETAIL TRADE
Automobiles:*
New passenger car sales:
Unadjusted
1929-31=100..
73.9
46.6
68.4
»51.9
42.7
45.7
78.1
84.6
63.1
33.0
87.9
17.3
22.8
Adjusted
1929-31=100..
67.0
58.0
53.5
54.5
64.5
55.5
56.0
53.0
53.0
59.0
63.5
30.5
33.5
Chain store sales:
Chain Store Age index:*!
Combined index (18 companies)!
av. same month 1929-31 = 100..
"95
92
86
91
91
90
92
91
93
Apparel index (3 companies)!
av. same month 1929-31 = 100.
101
90
100
103
91
98
97
82
Grocery (5 companies)!
av. same month 1929-31 = 100..
82
85
82
81
82
84
80
80
85
87
80
Five-and-ten (variety) stores:*!
Unadjusted
1929-31 = 100.
° 85. 5
79.7
87.2
86.3
91.2
86.9
70.2
73.0
79.9
86.8
82.5
90.0
153.7
Adjusted
1929-31=100.
«89.5
87.2
89.5
85.6
94.8
90.8
85.5
94.2
90.0
90.3
83.3
89.8
87.5
H. L. Green Co., Inc.:*
Sales
thous. of dol.
2,081
2,327
2,082
1,840
4,071
1,525
2,287
1,974
2,106
2,377
1,903
2,218
1,619
Stores operated
number.
131
130
132
132
131
132
135
132
133
131
134
133
133
S. S. Kresge Co.:
Sales
thous. of dol.
10, 414
9,472 10, 252
11,499 10,848 10, 465 19, 732
8,797 12,321 10,146 11,680 11, 523
8,825
Stores operated
number.
727
724
724
721
722
720
721
723
723
726
728
721
724
S. H. Kress & Co.:
Sales
thous. of dol.
5,685
5,336
6,367
5,771
5,083
6,331
5,732
5,574
5,586 11, 441
5,757
5,107
6,096
Stores operated
number.
221
230
229
230
231
230
230
230
230
230
227
231
227
McCrory Stores Corp.:
Sales
thous. of dol.
2,390
2,365
2,777
2,497
2,582
2,820
2,867
2,837
5,664
2,492
3,257
2, 745
2,419
Stores operated
number.
194
194
202
205
204
204
200
209
204
195
209
209
G. C. Murphy Co.:
Sales
thous. of dol.
2,105
2,481
1,994
1,584
2,076
2,466
3,591
1,555
2,246
2,367
2,118
1,976
2,060
Stores operated
number.
181
181
181
184
181
180
179
179
181
180
180
180
180
F. W. Woolworth Co.:
Sales
thous. of dol. 23,304 22,035 20,996 36,996 18,137 17, 860 24, 035 19, 788 22,005 22, 000 19, 515 20, 795
21, 342
1,954
Stores operated
number.
1,954
1,951
1,942
1,937
1,944
1,946
1,949
1,949
1,942
1,936
1,937
1,940
Restaurant chains (3 companies):
_tho
Sales.
thous. of doL.
3,520
3,444
3,141
3,146
3,541
3,475
3,308
3,265
3,623
3,472
3,568
3,678
Stores operated
number..
369
375
373
372
372
374
374
372
372
375
373
373
Other chains:
W. T. Grant & Co.:
6,572
7,822 » 7,123
Sales
thous. of dol.
6,774
4,550
7,361
6,295
6,900 12, 451
5,950
7,180
5,743
461
Stores operated...
number..
462
454
457
457
457
458
458
456
457
457
458
J. C. Penney Co.:
19,984
Sales
thous. of doL. 21,242 18,643 19, 216 25,824 12,444 11, 745 16, 497 15, 477 17, 086 16, 797 13,967 16,119
1,465
Stores operated.„
number..
1,466
1,467
1,467
1,467
1,468
1,468
1,467
1,465
1,465
1,468
1,466
Department stores:
Collections:*
Installment account
percent of accounts receivable.
15.6
15.9
15.8
18.3
17.3
15.0
15.6
16.0
15.6
16.4
17.5
16.0
Open account
42.4
percent of accounts receivable39.2
39.0
38.7
40.0
39.3
42.7
41.6
43.6
43.3
40.7
38.9
69
Sales, total value, adjusted
1923-25=100•74
70
65
69
71
77
77
74
72
79
«76
77
57
Sales, total value, unadjusted._ 1923-25=10082
77
75
121
59
73
77
70
51
60
73
«79
57
Atlanta
1923-25=100.
93
79
71
117
64
83
82
71
54
71
74
61
Boston
1923-25=100.
82
76
74
114
46
73
71
70
45
54
64
60
84
Chicago
1923-25=10076
69
114
61
75
80
73
52
69
76
52
71
Cleveland
1923-25=100.
66
61
103
51
73
78
69
47
60
70
65
56
88
81
75
120
61
84
79
67
50
62
Dallas
1923-25=100.
72
«86
52
79
74
67
113
54
75
74
63
48
64
70
Kansas City
—1923-25=100.
«85
46
63
58
54
93
43
73
67
58
41
55
65
Minneapolis
1923-25=100.
"78
63
93
89
140
58
85
81
80
49
61
77
New York.
1923-25=100.
77
101
49
73
66
105
43
69
67
65
41
51
58
58
Philadelphia *
.1923-25=100.
79
61
94
87
147
57
92
97
90
59
73
81
Richmond
1923-25=100.
112
«85
53
70
70
106
52
71
75
62
43
58
67
74
St. Louis
_
1923-25=100.
76
63
72
131
82
74
67
62
80
San Francisco
1923-25=100.
a 77
a
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. For Philadelphia department store sales
see p. 20 of the December 1932 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.
! Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
index and grocery index of Chain Store Age have been revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
• New York Evening Post series on newspaper advertising in 22 cities is available for the period 1913 through January 1933. gee the 1932 annual supplement and,
 monthly issues prior to November 1934.



27

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
Novem- Decem- January Februin the 1932 Annual Supplement to the Survey October October
ber
ary

1934
March

April

May

June

July

August

September

DOMESTIC TRADE—Continued
R E T A I L TKADE—Continued
Department stores—Continued.
Installment sales, New England dept. stores,
ratio to total sales
percent..
Stocks, value, end of month:
Unadjusted
1923-25=100..
Adjusted
1923-25=100Mail-order and store sales:
Total sales, 2 companies
thous. of d o L .
Montgomery Ward & Co
thous. of d o L .
Sears, Roebuck & Co
thous. of d o L .
Rural sales of general merchandise:*
Unadjusted...
1929-31 = 100..
Adjusted
1929-31 = 100..

8.5

9.3

7.0

4.2

7.4

9.4

6.6

6.5

7.5

6.1

7.6

12.2

8.5

71
64

77
70

78
69

62
65

59
66

63
66

67
65

68
65

68
66

63
65

59
64

61
64

67
64

64,134
29,704
34,430

» 53,314
« 22, 781
30, 533

52,037
20, 742
31, 295

61, 971
25, 022
36,949

36, 705
14, 734
21,971

36,016
15,422
20, 594

43, 592
18,312
25, 280

46,037
20,872
25,165

51,072
20,935
30,137

46,330
19,266
27,064

37,387
15,891
21,496

44,134
18,915
25, 219

52,997
23,093
29,904

108.7
89.1

97.5
79.9

105.1
85.4

110.3
77.7

66.0
79.5

73.1
80.7

74.0
79.6

70.8
73.8

74.9
79.7

68.3
72.3

58.2
75.5

68.1
79.2

97.9

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (£.£.£.)*-1923-25=100_.
78.6
79.6
76.2
74.4
73.3
77.7
80.8
82.3
82.4
81.0
78.6
Chemicals and products
1923-25=100..
109.2 109.1 108.4 107.6 107.9 110.6 112.8 113.3 106.1 104.5 105.3
Chemicals
1923-25 = 100..
106.6 103.2 104.0 103.5 104.8 104.8 107.7 110.8 111.2 111.7 112.3
Druggists'preparations
1923-25=100..
107.3
99.8 101.9 103.0 101.9 102.4 103.1 100.6
97.7
96.9
93.8
Paints and varnishes
1923-25=100..
99.4
94.0
91.1
90.1
93.9
97.6
98.4 102.6 107.4 106.1 101.2
Petroleum refining
1923-25=100..
112.6 108.8 110.0 111.2 110.3 110.6 110.2 107.8 109.5 111.4 111.7
Rayon and products
1923-25 = 100..
307.0
331.3 332.0
322.0
319.4 325.2
321.9 319.0 267.7
273.8
296.8
Food and products
1923-25 = 100..
119.5 115.9 104.8
99.2
94.1
93.9
96.2
97.2
99.6 105.1 110.1
Baking
1923-25=100..
116.1 110.1 109.1 107.7 106.4 108.4 110.3 111.2 113.2 114.6 116.3
Beverages
1923-25 = 100..
166.8 150.6 136.3 140.5 140.5 141.5 147.7 156.6 169.1 183.0 188.9
Slaughtering, meat packing..1923-25 = 100..
117.6 101.5
98.9
98.0
96.5
95.5
92.8
92.4
96.7 101.4 103.5
Iron and steel and products...1923-25=100..
66.0
69.8
67.9
66.6
63.5
66.6
70.0
72.6
75.2
76.4
70.3
Blast furnaces and steel works. 1923-25 = 100..
65.4
70.2
67.9
67.0
65.0
67.3
70.1
72.9
76.8
79.1
72.4
Structural and metal work_-1923-25=100
57.0
54.6
53.3
52.7
51.6
52.8
53.9
56.0
58.5
59.7
59.0
Tincans,etc
1923-25 = 100.
93.1
85.0
83.9
86.4
79.1
79.6
85.4
88.2
91.2
96.7
99.6
Leather and products
1923-25 = 100..
83.3
88.9
79.1
78.7
82.9
90.3
92.7
92.3
91.4
87.7
89.4
Boots and shoes.
1923-25 = 100..
82.3
88.3
77.0
75.8
80.8
89.6
92.2
92.2
91.3
86.8
89.0
Leather
1923-25 = 100..
87.8
91.4
87.8
90.8
91.4
93.6
95.1
93.2
92.1
91.5
91.5
Lumber and products
1923-25 = 100.
49.6
55.2
52.3
49.8
45.6
47.1
48.5
49.4
51.0
50.0
48.8
Furniture
1923-25=100 .
66.8
78.5
72.4
65.9
60.0
62.4
63.0
60.8
61.3
62.4
62.0
Millwork
1923-25 = 100..
36.3
38.7
37.2
36.3
33.3
36.1
37.6
39.4
40.4
37.9
37.0
Sawmills
1923-25 = 100.
33.9
36.2
34.7
33.3
30.7
31.3
32.6
34.3
36.1
35.1
33.8
Turpentine and rosin
1923-25=100. _
89.3 103.9 101.1 107.7
97.8
98.6 101.4 101.2 102.4
98.6
97.3
Machinery
1923-25=100..
77.6
73.0
73.3
71.8
70.0
72.9
76.8
80.3
81.3
80.8
78.6
Agricultural implements
1923-25=100.
72.9
52.4
56.1
61.2
65.8
75.6
75.9
87.2
83.0
73.3
69.3
Electrical machinery, etc
1923-25=100..
65.0
60.6
60.3
59.4
57.8
59.2
61.8
63.7
65.4
66.2
65.1
Foundry and machine-shop products
1923-25=100..
66.4
63.6
62.5
61.4
61.2
64.1
68.3
71.6
73.6
73.1
69.5
Radios and phonographs
1923-25 = 100..
223.6
238.2
248.3
219.4 181.7 177.5 187.6 200.2
201.2 206.0
205.0
Metals, nonferrous
1923-25=100..
75.1
75.6
72.6
69.8
67.3
70.9
75.1
76.9
77.8
75.9
73.2
Aluminum manufactures
1923-25=100..
61.8
83.2
81.7
80.9
78.0
79.6
81.5
82.2
78.1
76.0
68.9
Brass, bronze, copper prod—1923-25=100 _
71.0
77.5
74.8
72.1
70.9
72.7
78.1
79.1
81.2
78.2
75.0
Stamped and enamel ware. ..1923-25=100..
82.9
93.3
79.8
78.2
72.7
79.8
87.5
94.0
95.6
93.0
90.3
Paper and printing
1923-25 = 100..
96.5
94.5
94.2
94.5
92.4
93.1
93.7
95.1
95.9
94.7
93.4
Paperandpulp
1923-25 = 100.
106.6 104.1 102.2 101.1 100.3 102.5 104.4 106.8 107.2 106.0 104.8
Railroad repair shops
1923-25=100..
53.9
55.0
54.8
53.5
52.8
53.4
55.5
57.8
59.6
59.8
58.3
Electric railroad
1923-25=100..
65.1
65.8
66.6
66.7
65.9
65.8
66.3
66.3
66.7
66.7
66.3
Steam railroad..
1923-25 = 100..
53.1
54.1
53.9
52.5
51.8
52.5
54.7
57.2
59.1
59.3
57.7
Rubber products
1923-25 = 100..
77.5
88.7
86.7
83.9
82.0
84.6
87.1
90.0
89.1
85.6
83.9
Rubber tires and tubes
1923-25=100..
69.4
74.7
72.5
71.8
71.5
74.6
78.1
82.1
82.7
81.7
77.4
Stone, clay, and glass products-1923-25=100._
52.1
51.6
50.3
49.0
47.3
49.8
52.1
55.3
57.7
57.1
54.2
Brick, tile, and terra cotta
1923-25 = 100-.
29.9
31.8
29.2
27.1
24.7
25.6
26.9
30.5
33.1
34.4
31.7
Cement
1923-25 = 100..
51.0
41.4
41.2
36.6
35.6
41.0
42.4
48.0
57.6
59.1
58.4
Glass
1923-25 = 100..
86.1
81.1
82.2
82.9
83.8
89.5
93.9
95.9
95.1
93.6
89.1
Textiles and products
1923-25=100..
92.3
97.7
92.9
88.0
88.2
96.8 100.0
99.1
96.1
90.9
85.9
Fabrics
1923-25 = 100..
89.7
96.7
93.5
89.7
89.4
96.4
98.4
96.8
94.9
89.9
87.0
Wearing apparel
1923-25=100..
94.4
95.8
87.7
80.4
81.4
93.4
99.4 100.0
94.7
89.3
79.8
Tobacco manufactures
1923-25=100. _
65.3
64.6
66.0
62.1
54.5
62.1
64.4
64.7
61.3
62.4
61.1
Transportation equipment
1923-25 = 100..
68.4
59.1
53.5
61.1
71.2
84.7
93.4
99.1
99.4
95.1
87.8
Automobiles
1923-25=100..
74.9
64.2
56.6
66.1
80.3
97.4 108.4 114.9 114.4 106.8
98.4
Cars, electric and steam
1923-25 = 100..
34.1
27.9
28.5
31.8
31.6
38.5
40.8
43.9
48.5
53.9
51.3
Shipbuilding
1923-25 = 100..
71.2
66.1
63.5
67.3
64.4
66.0
69.3
71.7
73.1
76.6
69.2
Factory adjusted (F. R. B.)*
1923-25 = 100..
77.0
77.8
75.9
75.0
75.1
78.4
81.0
82.2
82.4
81.4
79.4
Chemicals and products
1923-25=100..
107.3 106.9 106.6 106.6 107.7 109.6 110.9 109.4 107.9 108.9 109.6
Chemicals
1923-25 = 100..
105.4 102.1 101.9 101.4 103.4 103.1 106.5 110.1 113.1 113.9 115.1
Druggists'preparations
1923-25 = 100..
102.6
95.4
98.4 101.4
99.7 101.4 100.9 102.4 101.3 101.4
99.0
Paints and varnishes
1923-25 = 100..
99.1
93.7
91.8
91.6
96.1
97.7
97.7 102.2 103.6 102.2 101.4
Petroleum refining
1923-25 = 100..
112.8 109.0 111.1 112.6 112.4 112.1 111.3 107.8 109.7 110.4 109.3
Rayon and products
1923-25=100..
307.0
331.3 332.0
322.0
319.4 325.2
321.9 319.0 267.7
273.8
296.8
Food and products
1923-25=100..
109.2 104.6 102.3 101.7 104.0 104.3 107.8 104.0 106.4 107.3 106.7
Baking
1923-25=100..
114.3 108.4 107.4 107.7 108.7 110.8 112.6 113.0 113.2 113.4 114.6
Slaughtering, meat packing._1923-25=100..
116.7 100.7
97.9
93.9
93.7
93.9
95.1
95.4
97.9 101.9 104.1
Iron and steel and products....1923-25=100..
65.6
69.4
68.1
67.6
64.9
66.4
69.1
71.5
74.3
76.3
71.4
Blast furnaces and steel works.l923-25=100..
65.9
70.7
68.7
68.1
65.5
66.6
68.6
71.4
75.7
79.3
73.4
Structural and metal work... 1923-25 =100..
55.7
53.4
53.2
53.1
53.0
54.3
55.2
56.7
58.9
59.4
57.8
Tin cans, etc
1923-25 = 100..
93.3
85.2
87.7
89.8
84.5
83.2
88.1
87.8
90.3
93.4
95.8
a
Revised.
* New series. For earlier data on factory employment unadjusted in detail, see pp. 16 to 18, inclusive, of the June 1934 issue. See p p . 16 and 19
for factory employment adjusted total and in detail, and unadjusted total See p. 20 of this issue forjrural general merchandise sales.




79.5
106.9
110.9
98.6
99.1
113.4
304.2
122.1
115.8
185.8
112.4
68.6
69.7
59.0
99.1
91.1
91.9
88.4
49.0
62.9
36.2
33.9
98.3
78.6
66.8
65.3

75.8
108.6
108.0
103.0
98.8
112.9
305.5
127.1
115.7
176.7
121.2
66.0
65.3
58.6
101.0
85.7
85.5
86.8
49.3
65.0
34.6
34.1
96.2
«77.7
67.8
65.9

69.0
66.8
217.5 219.9
73.4
73.2
67.7
57.5
72.7
70.8
87.1
84.4
93.8
95.3
104.8 105.4
55.2
55.7
66.0
65.7
54.4
55.0
80.7
78.4
73.9
70.4
53.1
52.9
31.8
30.4
55.0
54.0
87.6
87.3
88.2 «73.1
85.6
«62.0
90.1
95.5
65.1
64.7
83.3
73.8
92.5
80.9
48.1
41.8
71.2
71.3
79.3
73.9
110.9 108.2
114.9 108.5
100.6 100.8
101.8 100.0
111.3 110.9
304.2
305.5
110.8 «110.5
115.4 113.7
114.7 122.4
68.8
65.4
70.3
65.4
57.6
57.0
92.4
95.3

28

SUKVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1 9 3 4
1933
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- j Decem- January
in the 1932 Annual Supplement to the Survey
ber 1 ber

December 1934
1934

F

^

u

' J March

April

May

June

July

August j S e gtem-

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Factory adjusted—Continued.
Leather and products
1923-25= 100_.
Boots and shoes
1923-25=100..
Leather
1923-25=100..
Lumber and products
1923-25=100. _
Furniture
1923-25 = 100..
Millwork
1923-25=100..
Sawmills
1923-25 = 100.
Machinery
1923-25=100..
Agricultural implements
1923-25 = 100..
Electrical machinery, etc
1923-25= 100..
F o u n d r y a n d machine-shop products
1923-25=100..
Radios and phonographs
1923-25 = 100..
Metals, nonferrous
1923-25=100..
Brass, bronze, copper prod__.1923-25 = 100..
Stamped and enamel ware.._ 1923-25=100._
Paper and printing
1923-25 = 100..
Paper and pulp
1923-25=100.
Railroad repair shops
1923-25=100..
Electric railroads
1923-25=100
Steam railroads
1923-25=100..
Rubber products
1923-25 = 100
Rubber tires and tubes
1923-25=100..
Stone, clay, and glass products. 1923-25=100. _
Brick, tile, and terra cotta___ 1923-25=100..
Cement
1923-25= 100Glass
1923-25 = 100
Textiles and products
1923-25 = 100
Fabrics
1923-25 = 100..
Wearing apparel
1923-25=100.
Tobacco manufactures
1923-25=100. _
Transportation equipment
1923-25 = 100..
Automobiles
1923-25 = 100..
Cars, electric, and steam
1923-25 = 100..
Shipbuilding
1923-25=100
Factory, by cities and States:
Cities:
Baltimore*
1929-31 = 100..
Chicago*
1925-27=100.
Cleveland*
1923-25 = 100
Detroit
1923-25 = 100..
Milwaukee*
1925-27=100
New York
1925-27=100..
Philadelphia f
1923-25=100
Pittsburgh*
1923-25 = 100
States:
Delaware!
1923-25=100.
Illinois.
1925-27=100..
Iowa
1923 = 100..
Massachusetts*!
1925-27=100.
Maryland*
1929-31 = 100..
New Jersey!
1923-25=100..
New York
1925-27 = 100
Ohio
1926 = 100..
Pennsylvania!
1923-25= 100__
Wisconsin
1925-27=100..
Nonmanufacturing (Dept. of Labor):
Mining:
Anthracite
1929=100..
Bituminous coal
1929=100
Metalliferous
1929 = 100. _
Petroleum, crude production ___1929=100__
Quarrying and nonmetallic
1929=100..
Public utilities:
Electric railroads
1929=100_.
Power and light
1929=100..
Telephone and telegraph
1929=100
Trade:
Retail
1929=100..
Wholesale
1929=100..
Miscellaneous:
Banks, brokerage houses, etc.*f- 1929=100._
Dyeing and cleaning*!
1929 = 100..
Hotels
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*
number..
Washington
number. _
Railroad employees, class I
thousands. _
Trades-union members employed:
All trades
percent of t o t a l . .
Building trades*
percent ot t o t a L .
Metal trades*
percent of t o t a l . .
Printing trades*...
percent of t o t a l . .
All other trades*
percent of t o t a l . .
On full time, all trades...percent of t o t a l . .

81.3
79.7
87.9
47.8
61.4
36.0
33.3
75.5
76.4
65.0

86.7
85.6
91.4
53.1
72.2
38.4
35.6
70.8
55.0
60.6

80.9
79.4
87.2
50.9
67.3
37.2
34.4
72.3
57.9
60.3

82.4
80.6
90.4
49.9
63.8
36.9
34.0
72.4
61.4
59.4

83.6
82.1
89.8
47.2
62.2
34.3
32.1
71.8
63.6
57.8

88.4
87.8
91.2
48.4
63.0
36.6
32.7
74.0
71.1
59.2

90.5
90.0
92.9
49.8
64.1
38.1
33.7
78.4
70.9
61.8

93.0
93.1
93.0
50.0
63.0
39.2
34.5
81.5
82.3
63.7

94.0
94.2
93.4
51.3
64.5
39.9
35.6
82.0
80.5
65.4

91.4
90.9
93.8
49.8
64.7
37.4
34.2
81.2
73.8
66.2

88.9
87.7
94.1
48.8
64.9
36.7
33.1
79.1
73.2
65.1

87.9
87.5
89.7
48.4
62.8
35.7
33.0
78.1
70.5
65.3

82.4
81.4
86.7
48.0
63.0
34.3
33.0
«75.7
72.4
65.9

66.9
157.7
74.1
71.9
82.8
96.1
106.6
53.7
65.1
52.8
78.2
71.8
50.2
29.2
49.0
81.7
90.7
88.8
91.3
62.5
73.9
81.4
35.6
76.1

64.1
168.0
74.8
78.4
93.2
94.2
104.1
54.7
65.8
53.8
89.4
77.3
49.7
31. 1
39.8
76.9
96. 1
95.8
92.7
61.9
63.9
69.8
29.1
70.7

63.7
203.2
71.7
75.6
79.9
93.0
102.2
55.0
66.6
54.1
87.0
75.1
50.0
29.3
40.9
81.2
92.1
91.8
88.7
63.1
60.5
65.3
31.6
66.1

62.8
215.1
69.2
72.6
79.1
93.0
101.1
53.6
66.7
52.6
84.3
74.3
50.0
28.6
38.6
83.2
87.3
88.2
81.7
61.9
65.6
71.8
34.6
67.3

62.1
215.8
69.4
71.3
75.1
91.7
100. 3
53.6
65.9
52.6
83.4
73.7
52.0
28.1
40.1
91.1
88.1
88.5
83.1
58.4
72.1
81.1
35.4
62.5

63.8
216.4
70.1
71.3
78.9
92.9
102.5
54.2
65.8
53.3
85.1
75.4
52.7
29.4
46.1
91.8
95.1
94.8
91.3
62.6
82.6
94.6
41.4
62.8

67.4
250.8
73.7
76.0
84.3
93.4
104.4
55.8
66.3
55.0
89.0
79.7
53.1
29.2
45.3
93.1
97.3
96.5
94.9
64.9
89.6
103.7
41.1
65.7

70.4
253.7
76.0
77.7
91.4
95.5
106.8
57.4
66.3
56.8
90.4
80.7
54.7
30.3
48.2
94.4
97.8
96.1
97.3
65.7
93.8
108.8
40.6
67.3

72.4
239.4
78.2
80.7
94.3
96.5
107.2
59.2
66.7
58.7
87.5
78.9
56.2
31.3
55.9
93.4
96.0
94.8
94.8
61.6
91.0
104.1
44.2
70.9

72.3
227.4
76.8
78.7
92.9
95.5
106.0
59.4
66.7
58.8
83.2
76.7
54.9
32.0
55.4
90.5
92.2
91.1
90.8
62.7
90.1
101.1
49.6
75.7

69.5
213.5
75.1
75.8
91.4
94.4
104.8
58.0
66.3
57.4
82.8
74.0
53.9
29.3
54.3
92.8
90.2
90.6
85.5
61.8
85.3
95.5
47.9
70.8

68.9
197.7
74.9
73.3
89.1
95.0
104.8
55.0
66.0
54.2
82.0
73.8
52.0
29.4
51.6
89.1
91.3
89.0
92.4
65.4
83.3
92.3
45.8
75.3

66.6
164.7
73.6
71.6
85.8
95.6
105.4
55.4
65.7
54.7
79.0
71.7
51.1
28.7
50.9
85.3
"72.9
"62.7
93.4
62.9
75.2
82.1
40.9
76.0

79.4
69.3
76.3
50.2
76.9
75.6
79.0
77.1

80.9
65.6
71.9
37.3
79.1
70.0
81.4
75.2

76.8
63.0
74.6
41.6
76.7
67.8
79.3
74.7

74.1
60.9
74.1
61.7
77.1
67.4
76.8
73.4

72.1
60.8
78.5
83.2
76.7
66.9
73.3
70.0

76.1
63.2
83.6
99.1
75.8
71.4
76.1
73.4

79.6
64.2
84.5
107.7
80.6
74.7
78.4
87.9

84.6
65.1
88.5
112.7
81.6
74.7
78.8
77.6

84.5
66.9
87.5
100.5
86.2
73.3
77.6
80.2

81.9
67.7
86.7
83.1
85.1
70.5
77.4
81.5

81.6
67.2
82.6
83.9
82.6
68.1
77.1
79.2

80.1
67.9
79.6
70.2
81.0
71.8
77.6
79.4

70.1
76.7
64.2
77.5
75. 1
76.6
75.7

94.8
73.5
111.8
68.7
85.4
81.2
72.0
81.9
75.9
80.2

95.1
68.9
101.9
76.5
90.1
80.5
69.6
83.2
76.6
80.0

94.2
66.2
98.8
72.9
85.5
80.5
67.4
80.5
75.3
78.3

92.7
65.4
99.8
69.1
81.2
79.8
66.2
80.1
72.5
76.5

89.0
64.0
98.4
68.5
79.0
77.4
65.8
79.4
69.5
75.7

93.4
66.0
101.6
73.0
83.8
78.9
69.6
85.4
73.7
77.2

95.8
69.1
105.5
74.1
86.7
80.1
72.2
89.6
76.1
79.3

96.1
70.4
108.9
74.8
90.3
79.9
73.2
91.9
77.1
79.6

95.5
72.1
111.0
73.5
89.4
81.6
72.1
93.8
77.0
84.1

97.9
72.7
111.7
69.3
87.6
82.2
71.0
93.3
77.3
84.1

96.6
71.5
106.7
67.6
87.0
81.7
69.7
89.0
76.3
85.7

92.6
72.9
108.5
68.3
86.2
82.3
70.4
87.6
76.2
82.4

94.3
74.2
108.9
57.4
86.7
81.9
71.4
° 84. 4
73.9
80.9

58.5
79.3
43.3
79.5
51.8

56.9
68.0
40.7
70.6
53.2

61.0
74.8
40.6
72.2
51.1

54.5
75.4
40.6
75.0
45.3

64.1
75.8
39.6
73.2
39.7

63.2
76.1
40.3
72.4
38.8

67.5
77.8
39.8
72.8
42.0

58.2
72.2
41.7
74.0
48.7

63.8
76.7
40.8
76.7
54.3

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

72.2
85.8
70.3

70.6
82.2
68.7

71.0
82.6
68.9

70.8
81.8
69.4

70.5
82.2
70.2

71.0
81.2
69.8

71.7
81.7
70.0

72.2
82.4
70.2

72.6
83.1
70.2

73.2
84.0
70.4

73.1
85.0
71.0

72.8
85.6
71.0

72.5
85.8
70.9

86.2

89.6
83.5

91.6
83.4

105.4
83.3

84.6
82.4

83.8
83.0

87.2
83.6

83.9

84.6

88.2
84.1

83.3
84.0

81.8
84.3

87.6
85.3

99.4
81.6
77.0
81.3

99.6
76.1
75.8
78.4

99.3
70.5
77.6
78.4

99.2
68.1
81.5
78.5

99.4
68.1
84.8
78.4

()
84.3
85.7
82.1

()
84.9
86.2
84.0

80.5
86.3
84.6

78.6
86.2
83.7

28.1

29.1

27.3

23.6

21.0

20.2

31.7

38.0

30.5

26.6

.73

.64

.73

.67

.80

.80

.92

1.02

.87

.88

()
80.3
84.2
81.7

.80

()

72.4
86.4
79.2

()
79.9
86.7
80.5

)
80.0
84.4
82.9
a 26. 4

450, 322
281, 087
169, 235

384, 029
212, 727
171, 302

420, 069
249, 239
170, 830

362, 031
221,168
140, 863

315,989
179, 499
136, 490

306, 090
179,125
126, 965

296,265
164, 038
132, 227

345, 278
209,167
136,111

466, 504 545,013
299,133 374,056
167,371 170,957

549,203
380, 701
168,502

531, 034
350, 764
180, 270

498,151
309, 745
188,406

715,606
93, 322
1,032

613, 242
71, 054
1,042

624,118
73,131
1,014

627, 713
75, 450
982

627,155
78, 045
982

647, 759
79, 913
992

659,

503

81, 569
1,015

680, 026
83,850
1,033

694, 968 696, 977 702, 037
85,939 87,196 87, 978
1,061
1,071
1,065

707, 546
91, 065
a 1, 048

713,662
92, 557
a1, 035

76
44
73
83
84

73
38
64
79
84
52

72
37
64
80
82
50

71
38
64
81
80
49

72
42
65
81
81
49

74
45
66
81
83
52

75
45
70
82
84
53

76
42
72
82
84
53

72
43
76
83
78

72
40
75
82
78

4R

4R

75
42
75
83
83
52

76
43
75
83
84
52

75
45
78
83
81
49

« Revised.
3 Not available.
«> Thisfigurewas incorrectly shown as 43 in the Weekly Supplement of Nov. 8, 1934.
* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, total United
States, pp. 18 and 19, December 1932; employment in banks and brokerage houses, etc., Federal and State highway employment, dyeing and cleaning establishments, and
laundries and employment m Chicago, pp. 19 and 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934; trades-union members
employed, p. 18, of the December 1932 issue.
! For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania, and Philadelphia, p. 19, September 1933; and for Massachusetts, employment for 1931, 1932, and 1933, p. 19, August 1933. Employment in banks, brokerage houses, etc., for 1932, p. 28, January 1934. Employment in laundries
and dyeing and cleaning establishments, p. 20, August 1934.
• Figures represent the condition as of the end of the month shown. They have been pushed back from the data published as of the first of the following month by the
 <\ rtment of Agriculture. This method was followed since September 1932. Figures shown previous to that date in the Survey are as of the first of the month.


29

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary

1934
March

April

May

June

July

August

September

33.5

33.3

EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS
Hours of work per week in factories: *t
Actual, average per wage earner
hours. .
Labor disputes:!§
_ number _
Disputes
_ number.
Man-days lost
_ number .
Workers involved
Labor turn-over (quarterly):*
Accessions
percent of no. on pay roll
Separations:
Discharged
percent of no. onl pay rolL
L pay rolL
Laid off
percent of no. on
Voluntary quits_percent of no. onl pay rolL

34.0

36.1

33.8

33.8

52
30
3,659,502 1,298,113 404,993
101,146 23, 790 13,152

34.3

35.5

36.4

36.1

35.5

35.4

34.1

54
83
31
39
81
94
103
101
616, 465 789,553 1,091,023 2,280,164 2,221,390 1,903,450 2,076,334 1,775,814
30, 618 18, 627 37, 700 73, 035 73, 355 67, 859 54, 697 69,198

11.31

19.79

13.07

10.31

.62
11.34
2.18

6.65
2.73

11.00
2.97

.56
9.53
3.00

PAY ROLLS
60.4
62.1
54.0
60.6
64.8
64.8
Factory unadjusted (B. L. £.)*..1923-25=100..
67.3
67.1
59.4
54.5
60.7
55.5
57.9
88.7
90.0
84.5
87.2
89.1
88.1
Chemicals and products
1923-25=100,.
92. 3
88.3
85.5
84.9
91.2
84.6
89.9
96.6
96.5
86.9
88.0
89.1
96.1
95.8
94.4
85.7
86.6
Chemicals
1923-25=100-.
92.0
85.1
92. 1
86. 1
89.9
90.9
91.8
92.6
90.3
92.4
88.5
91.0
92.9
Druggists' preparations
1923-25=100..
96.7
92.8
92.3
78.8
77.9
71.5
74.5
77.1
86.3
83.0
87.9
70.7
68.8
Paints and varnishes
1923-25 = 100-.
78.0
68.3
75.8
95.7
97.2
89.5
90.8
92.0
93.1
92.0
92.7
89.4
89.4
Petroleum refining
1923-25=100-.
97.4
89.8
96.3
213.2
208.6
Rayon and products
1923-25 = 100-.
217.2
208.1
218.2
221. 3
200.0
215. 5
191.2
220.0
220.9
218.9
218.3
105.1
95.6
103.3
80.7
82.2
83.1
91.9
* 109. 3
Food and products
1923-25 = 100-.
87.2
81.1
84.4
85.3
91.1
97.8
98.2
98.3
88.5
91.8
91.3
96.5
99.6
95.3
91.4
Baking
1923-25 = 100.
89.6
90.4
90.6
185.0
193.
5
156.2
167.0
138.3
182.5
Beverages
1923-25 = 100127. 7
128. 5
150.9
167.0
130.8
131.9
120. 5
99.0
91.4
107.0
109.2
75.9
87.2
Slaughtering, meat packing-.1923-25 = 100-.
81.8
78.6
76.1
80.7
82.0
77.7
76.6
45.5
47.6
42.8
41.1
51.3
62.6
Iron and steel and products.---1923-25=100-.
41.1
45.7
56.8
61.3
43.7
47.6
43.3
44.0
47.9
39.2
37.3
52.2
68.9
Blast furnaces and steel works-1923-25 = 100-.
41.2
46.1
59.4
66.1
43.0
48.0
42.2
41.8
40.6
40.6
40.5
35. 1
42.7
31.9
33.5
Structural and metal work--. 1923-25 = 100-.
37. 6
41.5
34.2
35.9
35.4
93.6
94.5
82.3
96.2
79.7
94.1
71.1
70.5
Tin cans, etc
1923-25 = 100-.
84.2
86.9
81.5
75.6
74.7
78.7
77.2
64.3
69.2
84.4
72.9
67.5
81.7
82.1
78.9
Leather and products
1923-25=100-.
61.1
72.3
60.1
79.1
76.2
60.4
67.7
84.1
70.5
64.2
81.0
81.8
77.6
Boots and shoes
1923-25=100-.
55.7
70.1
55.6
76.1
79.2
76.8
73.6
83.9
79.8
77.9
82.6
81.9
82.0
78.8
Leather
1923-25=100-.
78.8
74.3
33.5
31.6
33.9
31.9
33.9
27.4
30.5
33.3
34.6
31.0
Lumber and products
1923-25 = 100..
38.1
33.6
35.:
42.7
39.3
44.6
41.1
41.2
35.3
40.5
40.3
40.5
40.1
55.0
45.0
Furniture
1923-25 = 100..
47.5
23.1
23.1
21.8
23.2
24.1
19.7
21.7
24. 6
25.3
22.0
23.5
22.1
Millwork
1923-25=100-.
24.1
22.
1
20.9
22.3
20.7
23.2
17.4
19.1
22.5
24.2
20.0
23.3
21.8
Sawmills
1923-25=100-.
22.6
51.3
50.3
52.2
46.2
51.0
50.4
51.7
53.7
51.4
48.9
48.3
45.3
Turpentine and rosin
1923-25=100-.
45.1
57.8
58.1
«
55. 3
55.8
61.6
47.6
51.8
60.5
62.2
49.1
50.2
50.2
Machinery
1923-25=100..
56.8
68.3
70.2
66.7
78.2
76.1
65.2
75.7
93.6
87.2
59.8
47.4
53.6
Agricultural implements
1923-25=100..
74.4
50.2
49.8
48.0
43.8
51.8
38.2
40.9
47.8
49.9
39.8
41.5
41.3
Electrical machinery, etc
1923-25=100..
49.3
Foundry and machine shop products
51.1
50.3
55.5
46.7
1923-25 = 100..
41.3
49.9
54.4
56.8
45.4
47.6
41.3
41.9
43.3
114.4
123.1
117.4
127.0
Radios and phonographs
1923-25=100..
95.1
101.5
108.9
112.4
96.5
138.8
128.4
150.5
142.8
54.1
53.2
57.9
54.0
Metals, nonferrous
1923-25=100..
47.1
56.8
58.9
60.6
52.2
57.5
50.2
52.4
53.8
50.4
40.8
59. 1
41.4
Aluminum manufactures
1923-25=100..
50. 9
64.2
67.0
63.5
61.1
51.3
58.5
60.1
62.2
54.4
51.2
58.4
48.7
48.3
56.3
59.8
62.1
51.4
Brass, bronze, copper prod._. 1923-25 = 100..
49.5
49.0
49.4
52.5
72.9
70.8
80.1
66.7
56.8
75.8
80.8
83.6
66.2
Stamped and enamel ware..-1923-25=100..
70.4
60.9
63.6
66.6
77.3
78.4
78.9
80.3
74.3
77.7
79.7
80.6
76.0
Paper and printing
1923-25=100..
82.6
77.2
75.6
76.0
77.1
78. 8
78.5
79.6
71.3
78.6
81.3
79.8
76.4
Paper and pulp
1923-25 = 100..
83.2
71.9
72.4
77.5
51.1
48.5
53.8
45.6
42.1
48.5
53.0
53.8
45.6
Railroad repair shops
1923-25 = 100..
46.9
44.7
46.1
48.9
58.8
58.5
59.6
56.9
55.4
58.6
59.2
59.4
56.4
57.3
56.8
Electric railroads
1923-25=100..
56.2
54.2
50.6
47.9
53.5
44.9
41.2
47.9
52.7
53.5
44.9
46.2
43.8
Steam railroads
1923-25=100..
45.5
48.6
61.9
58.8
66.5
56.1
58.7
70.5
73.4
70.3
65.2
58.8
59.0
58.3
Rubber products
1923-25 = 100-.
62.9
55.9
49.9
61.1
47.6
48.6
63.4
67.6
64.5
57.9
49.6
47.3
44.8
Rubber tires and tubes
1923-25=100..
49.7
36.1
34.9
38.8
34.7
29.9
34.7
38.8
39.5
33.3
35.7
31.0
31.8
33.6
Stone, clay, and glass products. 1923-25=100-.
17.0
16.8
19.3
16.1
12.2
13.7
16.4
18.1
13.1
16.9
12.7
13.6
14.9
Brick, tile, and terra cotta. .-1923-25=100..
39.1
35.4
39.9
33.9
19.4
24.1
30.6
35.8
22.5
33.1
19.1
23.0
24.7
Cement
1923-25=100.
69.5
68.2
73.4
67.4
65.3
74.6
80.8
75.8
73.5
69.4
64.4
63.0
63.5
Glass
1923-25 = 100.
62.5
68.1
66.4
57.5
64.8
82.6
79.8
74.1
77.9
74.7
64.0
69.7
77.4
Textiles and products
1923-25=100.
64.4
64.7
66.9
49. 1
67.0
80.8
79.3
74.9
78.3
73.1
68.6
73.2
77.5
Fabrics
1923-25 = 100..
55.3
70.6
61.7
70.9
56.6
81.4
76.1
68.1
72.3
73.4
51.2
58.6
72.7
Wearing apparel
1923-25=100..
47.3
49.3
47.5
50.3
39.8
45.8
46.2
46.3
45.5
49.0
46.5
50.1
51.2
Tobacco manufactures
1923-25=100. .
65.4
69.9
78.1
51.9
52.7
84.5
92.2
88.0
72.0
47.2
43.7
38.6
43.3
Transportation equipment
1923-25=100..
70.7
76.5
85.8
54.3
58.3
98.1
107.4
100.4
82.3
49.1
46.0
39.6
46.1
Automobiles
1923-25=100..
46.3
47.0
53.1
36.7
26.0
39.7
43.0
47.3
36.4
31.6
27.2
24.4
24.2
Cars, electric and steam
1923-25=100..
55.6
56.4
60.2
57.0
48.2
52.4
53.9
60.0
49.0
56.2
49.4
46.8
47.5
Shipbuilding
1923-25=100..
Factory by cities:
75.4
68.8
Baltimore*
1929-31 = 100.
66.2
67.5
65.1
63.1
61.4
75.3
76.6
77.6
65.9
70.6
46.1
45.8
45.2
Chicago*
1925-27 = 100.
46.4
39.4
37.5
45.5
37.3
38.9
42.0
44.6
40.5
41.4
56.7
61.8
61.1
65.8
58.8
53.4
51.5
Milwaukee*
1925-27=100
51.7
49.8
59.7
64.8
53.6
58.6
60.8
55.3
59.4
56.2
61.8
55.9
53.6
53.2
53.7
60.9
59.2
New York*
1925-27=100.
57.4
62.1
60.4
61.3
61.7
61.3
64.2
63.1
59.8
57.2
54.4
62.5
61.4
61.9
58.7
Philadelphia*!
1923-25=100
49.4
50.6
65.4
55.5
52.2
47.6
45.7
46.4
41.9
55.2
65.4
52.7
46.5
Pittsburgh*
1923-25=100.
Factory by States:
71.2
67.4
67.8
71.4
69.5
68.7
65.5
66.5
63.4
69.0
70.5
67.7
68.3
Delaware!
1923-25=100..
48.0
48.6
48.6
49.9
49.1
40.3
40.5
40.5
45.2
46.8
49.8
43.0
43.2
Illinois
1925-27=100..
a
77.1
72.6
73.0
79.9
78.9
69.5
67.4
64.8
74.5
78.7
70.5
73.0
70.3
Maryland*
1929-31 = 100..
54.3
55.0
47.5
55.0
59.6
55.7
52.8
53.1
60.6
60.7
53.1
59.4
58.8
Massachusetts*!
1925-27 = 100..
63.1
64.4
64.1
64.7
64.5
62.0
61.2
58.4
61.9
62.7
63.9
61.6
61.3
New Jersey!
1923-25=100..
55.7
56.9
57.3
57.0
58.2
51.8
51.3
51.8
58.3
59.0
57.2
54.1
54.7
New York
1925-27=100-.
55.5
56.9
52.8
61.3
61.9
52.4
50.6
46.7
56.8
58.7
56.5
55.3
52.4
Pennsylvania!
1923-25=100..
62.1
60.7
57.8
64.0
63.9
52.3
50.1
50.5
58.9
59.6
60.8
55.3
54.4
Wisconsin
1925-27 = 100..
Nonmanufacturing (Department of Labor):
Mining:
39.7
47.0
42.3
64.0
53.3
73.2
82.4
51.7
61.6
47.8
44.3
65.8
48.3
Anthracite
1929=100..
50.4
51.4
55.1
51.4
54.4
44.1
50.7
50.8
51.3
58.9
54.6
Bituminous coal
1929=100..
49.7
57.8
27.0
25.9
26.7
27.2
25.9
25.6
26.2
25.6
25.4
25.9
26.0
Metalliferous
1929=100..
25.1
28.2
61.2
59.7
56.9
53.4
50.1
50.3
53.2
56.4
53.0
52.5
50.5
Petroleum, crude production... 1929=100..
60.0
60.8
34.0
32.4
37.0
29.9
31.2
28.3
24.4
35.0
21.3
24.1
21.0
Quarrying and nonmetallic
1929=100..
32.1
35.0
Public utilities:
62.4
62.8
63.8
63.2
59.4
59.2
62.2
63.0
59.8
62.9
59.6
60.1
Electric railroads
1929=100..
63.0
79.3
79.9
81.1
77.8
77.6
73.8
75.6
76.2
74.5
74.4
Power and light
1929=100..
80.6
74.4
76.8
72.2
74.0
72.3
71.3
71.4
67.7
69.0
70.4
Telephone and telegraph
1929=100..
74.9
67.0
67.7
67.9
° Revised.
* For earlier data on the following subjects refer to the indicated pages of the monthly issues as follows: Hours of work and labor turn-over rates, p. 20, October 1932; 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. Data on factory pay-roll
indexes, by classes shown on p. 18 of June 1934 issue. See also p. 19, July 1934.
t Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues as follows: Labor disputes for 1932, p. 29, July 1933; pay rolls,
Philadelphia and Delaware, p. 19, September 1933; pay rolls, Massachusetts, for 1931, 1932, and 1933, p. 19, August 1933; pay rolls, New Jersey and Pennsylvania, p. 19,
September 1933. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue.
§ Data for 1933 revised. See p. 29 of the September 1934 issue.




30

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey October October

December 1934

1933

1934

No v e m D
e m
h ; r "| ?!i r "

January

Fe b
n ™'

March I April | May

June

July

August

September

70.8
67.4

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Nonmanufacturing {Department of Labor)—Con.
Trade:
Retail
1929=100Wholesale
1929=100..
Miscellaneous:
Banks, brokerage houses, etc.*!_1929=100__
Dyeing and cleaning*t
1929=100..
Hotels
1929=100Laundries*!
1929=100..

72.6
68.3

72.3
66.0

72.6
64.1

80.3
64.5

68.8
63.9

67.7
64.6

69.5
65.7

71.5
66.8

71.8
66.3

71.6
66.5

69.5
67.6

67. 3
66.4

()
59.1
65.3
64.8

84.7
57.4
56.2
62.5

86.1
52.5
55.2
60.7

87.4
47.3
57.6
61.1

88.1
46.8
60.8
61.7

87.0
46.3
65.2
61.7

(3)

(3)

(3)

(3)

(3)

(3)

20.03

19.50

18.44

18.57

18.89

19.81

20.49

21.00

20.79

20.70

19.92

19.59

19.53

22.42
16.31
14.43
75.3

22.35
16.34
14.31
73.3

21.05
14.87
13.74
69.3

21.10
15.27
13.48
69.8

21.44
15.74
13. 43
71.0

22.28
16.42
14.85
74.4

22.87
16.95
14.63
77.0

23.46
17.41
14.71
78.9

23.25
16.88
14.63
78.1

23.22
17.04
14.58
77.8

22.38
16.47
14.36
74.9

21.73
15.96
14.24
73.6

21.60
16.01
14.08
73.4

72.8
73.2
83.7

72.5
73.3
83.0

68.3
66.7
79.7

68.5
68.5
78.2

69.6
70.6
77.9

72.3
73.7
86.1

74.3
76.1
84.9

76.2
78.1
85.3

75.5
75.8
84.9

75.4
76.5
84.6

72.7
73.9
83.3

70.6
71.6
82.6

70.1
71.9
81.7

51.7
66.6
62.7

60.8
66.5
64.4

65.1
65.9
66.9

64.1
66.2
68.3

58.9
65.6
68.2

56.7
64.5
66.6

()
59.0
64.3
65.9

WAGES-EARNINGS AND RATES
Factory, weekly earnings (25 industries):*!
All wage earners
dollars..
Male:
Skilled and semiskilled
dollars..
Unskilled
dollars..
Female
dollars..
All wage earners
1923=100Male:
Skilled and semiskilled
1923 = 100..
Unskilled
1923=100..
Female
1923 = l00__
Factory, av. hourly earnings (25 industries):*!
All wage earners
dollars..
Male:
Skilled and semiskilled
dollars..
Unskilled
dollars..
Female
dollars. .
Factory, weekly earnings, by States:
Delaware
1923-25=100..
Illinois
1925-27=100..
Massachusetts*!
1925-27=100—
New Jersey
1923-25=100..
New York
1925-27=100,.
Pennsylvania
1923-25 = 100—
Wisconsin
1925-27 = 100..
Miscellaneous data:
Construction wage rates:*§
Common labor (E.N.R.) .__dol. per hour
Skilled labor (E.N.R.)
dol. per hour...
Farm wages, without board (quarterly)
dol. per m o n t h . .
Railroads, wages
dol. per hour..
Road-building wages, common labor:#H
United States
dol. per hour__
East North Central
dol. per hour..
East South Central
dol. per hour..
Middle Atlantic
dol. per hour..
Mountain States
dol. per hour_.
New England
dol. per hour..
Pacific States
dol. per hour..
South Atlantic
dol. per hour—
West North Central
dol. per h o u r West South Central
dol. per hour..
Steel industry:
U.S. Steel Corporation
dol. per hour_.
Youngstown district
percent base scale—

.593

.546

.550

.551

.558

.561

.579

.586

.586

.587

.588

».591

.656
.487
.428

.598
.444
.404

.604
.445
.404

.609
.450
.407

.608
.456
.411

.614
.459
.415

.615
.465
.419

.633
.479
.425

.646
.486
.428

.648
.480
.429

.649
.484
.429

.650
.481
».425

.654
.481
.430

78.0
72.8
72.5
86.9
79.5
76.9
73.5

74,6
67.3
77.5
84.5
77.8
73.9
66.6

72.8
65.6
76.2
85.0
76.8
71.5
64.5

75.1
66.7
71.2
84.7
77.4
71.5
63.3

74.6
68.4
72.5
83.3
78.7
69.6
64.1

76.6
70.5
75.3
85.7
78.6
73.5
68.1

75.4
71.2
76.4
85.4
80.8
76.7
72.1

75.8
72.1
75.9
86.7
80.6
78.2
72.2

75.3
73.6
75.8
87.3
80.7
82.6
74.0

76.3
74.1
74.3
87.0
80.2
81.3
74.3

77.1
72.6
75.2
85.3
79.8
74.4
69.3

76.3
71.7
75.4
86.5
80.9
77.0
71.2

75.4
70.7
77.5
86.4
80.2
74.0
69.4

.536
1.12

.506
1.03

.510
1.04

.520
1.06

.516
1.05

.527
1.06

.527
1.07

.534
1.08

.534
1.10

.534
1.10

.530
1.10

.530
1.11

.535
1.12

.613

24 90
.616

.612

.631

26.88
.609

.610

.600

27.29
.599

.596

.612

27.83
.629
.41
.50
.30
.42
.56
.44
.58
.32
.45
.34

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

.37
.43
.20
.37
.44
.40
.55
.25
.37
.29

.38
.45
.21
.38
.45
.40
.57
.24
.37
.30

.38
.45
.23
.39
.47
.39
.58
.25
.38
.31

.37
.45
.23
.41
.48
.40
.58
.21
.38
.29

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

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

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

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

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

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

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

.485
101.5

.440
101.5

.440
101.5

.440
101.5

.440
101.5

.440
101.5

.440
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101. 5

FINANCE
BANKING
Acceptances and com'l paper outstanding:
562
737
758
764
771
750
685
613
569
534
516
520
539
Bankers' acceptances, total
mills, of dol__
Held by Federal Reserve banks:
1
18
127
105
56
23
3
For own account
-mills, of dol
4
4
5
5
4
3
1
1
3
1
2
31
For foreign correspondents mills, of dol
Held by group of accepting banks, total
592
599
442
567
581
576
536
507
480
472
483
503
mills, of dol
222
222
271
273
252
223
255
266
226
220
223
Own bills
mills, of dol—
236
321
326
219
312
315
324
299
281
260
250
261
280
Purchased bills
mills, of dol
112
42
138
81
37
190
95
108
70
59
53
35
Held by others
mills, of dol._
188"
130
133
109
108
117
133
139
141
151
168
188
192
Com'l paper outstanding
mills, of dol__
Agricultural loans outstanding:
Farm mortgages:
1,829
1,126
1,156
1,214
1,288
1, 371
1,458
1,484
1, 549
1,631
1,690
1,746
1,792
Federal land banks
mills of dol
121
392
408
401
306
370
335
320
295
285
Joint stock-land banks
mills, of dol._
381
349
345
552
16
34
71
120
174
238
259
311
430
478
516
379
Land bank commissioner*
mills, of dol_.
Federal intermediate Acredit bank loans to
and discounts for:
Regional agricultural credit corp's and
105
61
69
73
75
77
86
128
125
118
103
120
127
production credit ass'ns
mills, of dol..
83
72
74
74
71
76
73
75
70
71
70
70
71
All other institutions
mills, of dol._
Other loans:
Agricultural marketing act revolving fund
57
173
172
158
70
69
68
55
55
55
55
55
67
loans to cooperatives!
mills, of dol._
Banks for cooperatives, incl. Central
25
11
15
21
19
23
23
15
16
21
17
19
Bank*
mills, of dol—
7
Emergency crop loans* (1921-1934)
90
73
92
91
82
110
94
81
68
84
90
91
91
mills of dol__
58
4
14
50
58
61
28
39
Prod. cred. ass'ns*
mills, of dol..
(0
0)
0)
0)
(0
145
146
118
107
97
147
143
145
145
145
143
138
129
Regional ag. credit corp.*
mills, of dol—
1
Less than one million. Data shown in thousands appeared in the Oct. 1934 issue. Joint-stock land banks in liquidation. These figures will no longer be reported.
3
Not available.
* New series. For earlier data on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls, banks, brokerage houses, etc., p. 19,
June 1933; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933; factory weekly earnings, p. 20, October 1932; factory hourly earnings, p. 18,
December 1932; weekly earnings, Massachusetts, p. 18, December 1932: construction wage rates, p. 19, September 1933. Earlier data on additional series of agricultural
loans outstanding will be shown in a subsequent issue.
! Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls of banks, brokerage houses, etc., for
1932, p. 29, January 1934; Massachusetts weekly earnings for 1931, 1932, and 1933, p. 19, August 1933 issue; pay rolls in laundries and dyeing and cleaning establishments,
p. 20, August 1934; factory weekly and hourly earnings revised for 1933. See p. 20 of the July 1934 issue. Certain classes of loans included in figures shown through May
1934 have been reclassified by FCA and removed from the agricultural loan category.
* Beginning with March 1932 method of computing rates was changed.
11ncrease in wage rates during March 1934 was due to provisions of title I, sec. 204, par. 2, item C of the National Recovery Act, which required State highway departments tofixminimum wage scales.
§ Construction wage rates as of November 1, 1934, common labor, $0,539 skilled labor, $1.12.
http://fraser.stlouisfed.org/* Breakdown of figure shown in issues up to November 1934.

Federal Reserve Bank of St. Louis

December 1934

31

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and referNovem- Decem- January
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey October October
ber
ber

1934
February-

FINANCE—Continued

March

April

May

June

July

August

September

B ANKIN G—Continued
Bank debits, total
mills, of doL. 26, 750 26, 307 24,131 26, 301 27, 221 25, 015 29,685 31, 231 28,757 30,142 27,752 25,705 » 24,009
11,122
New York City
mills, of dol._ 12, 286 13, 280 12, 204 13,013 14, 023 13, 231 15,608 16,953 14,652 15, 388 13,842 12, 285
Outside New York City
mills, of doL. 14, 465 13, 027 11, 927 13, 288 13,198 11, 784 14, 077 14, 278 14,105 14, 754 13,910 13,420 » 12,888
Brokers' loans:
874
981
1,016
1,082
923
832
776
845
938
789
903
Keported by N. Y. Stock Exch.mills, of d o l 827
1,088
3.14
3.00
2.67
3.00
2.68
2.56
2.99
2.57
2.62
2.58
2.55
2.42
Ratio to market value
percent.2.43
By reporting member banks:
To brokers and dealers in
N. Y.*
mills, of d o l 660
To brokers and dealers out172
side N. Y.*
mills, of doL.
Federal Reserve banks:
8,161
7,669
8,220
7,953
8,175
8,197
Assets, total
mills, of dol..
8,229
6,865
7,041
7,309
Reserve bank credit outstanding
2,462
2,464
2,464
2,545
2, 485
2,463
2,472
2,567
mills, of doL.
2,549
2,455
2,581
2,688
2,630
5
5
6
29
9
5
5
62
7
Bills bought
mills, of dol._
6
24
133
111
15
54
39
31
22
64
23
Bills discounted
mills, of dol..
11
119
98
83
25
116
2,432
2,432
2,431
2,432
2,431
2,430
United States securities
mills, of doL2,432
2,447
2,432
2,421
2,430
2,434
2,437
5,154
5,220
5,196
4,140
4,843
4,899
3,778
4,537
5,022
Reserves, total
mills, of dol..
3,817
5,212
3,792
3,794
4,930
5,101
4,980
3,931
4,303
4,683
3,573
4,336
4,808
3,591
Gold reserves§
mills, of dol..
4,989
3,557
3,569
8,161
8,197
8,220
7,309
7,953
8,028
6,865
7, 669
8,175
6,889
Liabilities, total
mills, of dol._
8,229
7,041
4,295
4,312
4,257
3,265
3,982
4,023
2,796
3,653
4,138
2,885
4,262
Deposits, total
mills, of doL2,865
3,035
4,029
4,052
3,934
3,093
3,599
3, 746
2,573
3,457
3,840
2,685
4,006
Member bank reserves
mills, of dol_.
2,729
2,652
3,077
3,134
3,167
2,980
3,060
3,069
3,030
3,038
3,101
2,966
3,161
3,080
Notesin circulation
mills, of dol..
2,926
69.9
70.1
70.0
66.3
68.8
69.1
67.8
69.4
65.2
70.2
63.8
Reserve ratio
percent..
63.6
Federal Reserve member banks:*
Deposits:
13, 083
Net demand
mills, of doL. 13,476 10, 653 10, 751 10,952 11,118 11,398 11,794 12, 221 12, 426 12, 504 12, 745 12,926
4,488
4,510
4,455
4,471
4,370
4,454
4,501
4,474
4,470
4,419
Time__
mills, of dol..
4,410
4, 351
4,367
9,889
9,906
10, 017
9,215
9,280
8,156
9,311
9,326
9,723
Investments
mills, of doL. 10,030
8,104
8,772
8,200
U. S. Gov. direct obligations* •
mills, of dol.6,639
5,164
U. S. Gov. guaranteed issues* •
mills, of doL529
Other securities * •
mills, of doL?,862
Loans, total
mills, of dol..
7,807
8,136
8,026
8,014
7,873
7,802
8,593
7,794
8,568
8,385
8,349
8,185
8,161
Acceptances and commercial paper* A
mills, of dol..
456
On real estate* *
mills, of doL.
'"""753"
On securities
mills, of dol_.
3,051
Other loans* A
mills, of doL.
2,862
Interest rates:
Acceptances, bankers' prime
percent..
H
H
u-y2
1.00
1.00
1.00
1.00
1.00
Call loans, renewal
_. .percent.1.00
1.00
1.00
1.00
1.00
.94
.75
U-l
%-l
Com'l paper, prime (4-6 mos.)
percent-.
1
%-l
H-i
-v/2
-iH
1-iK
1-iH
H-i
1.50
1.50
Discount rate, N. Y. F. R. B ank__ _ per cent _.
"2.00
1.50
1.50
2.00
1.50
2.00
1.50
1.50
1.50
2.00
5.00
5.00
Federal land bank loans
percent..
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
«1. 50
5.00
5.00
2.00
2.00
Intermediate credit bank loans
percent..
2.26
2.00
3.13
2.96
2.00
2.98
2.74
2.50
2.00
5.00
3.04
Real estate bonds, long term
percent..
3.00
Time loans, 90 days
percent..
U-l
H-l
1-1U
Savings deposits:
New York State
mills. ofdoL.
5,145
5,128
5,049
5,076
5,134
5,114
5,054
5,097
5,029
5,122
5,064
5,067
U. S. Postal Savings:
Bal. to credit of depositors ..thous. of dol._ 1,198,430 ,188,871 1,198,656 1,208,847 1,200,771 1,200,023 1,199,983 1,197,485 1,196,881 ,197,887 1,190,288 1,192,511 , 192, 717
Balance on deposit in banks.thous. of dol._ 555,967 918,644 910,133 914,235 902, 225 "3,705 856,323 806,163 730, 051 694, 575 >643, 600 620,079 566,381
FAILURES
Commercial failures:
912
790
Total
number..
1,091
1,049
929
1,102
1,052
977
1,206
1,033
1,132
1,364
1,237
64
Agents and brokers
number_.
117
98
95
85
102
112
106
95
100
99
106
118
214
Manufacturers, total
number..
258
248
235
237
314
246
279
258
301
281
295
311
4
Chemicals, drugs, and paints..number..
6
13
4
5
13
6
6
6
6
7
6
7
19
Foodstuffs and tobacco
number..
28
23
22
23
46
27
23
23
32
32
31
30
9
Leather and manufactures
number..
11
11
7
13
9
13
13
19
7
7
9
12
35
Lumber
number __
32
24
37
27
32
36
28
40
36
26
34
24
Metals and machinery
number..
32
26
28
41
25
27
25
33
38
26
31
39
43
16
Printing and engraving
number. _
12
17
9
16
17
16
10
9
22
10
20
27
5
Stone, clay, and glass
number..
12
11
11
17
10
5
11
9
19
13
16
20
Textiles
number..
47
32
30
29
22
27
40
19
29
15
26
32
34
Miscellaneous
number..
88
84
112
105
125
101
81
82
92
119
113
117
105
Traders, total
number. _
659
597
716
774
695
632
579
512
716
780
669
820
951
Books and paper
number..
14
12
3
11
14
11
9
10
10
12
7
18
Chemicals, drugs, and paints, .number._
57
69
68
80
68
64
41
62
63
59
87
78
71
Clothing
number
91
65
107
116
101
109
66
104
81
88
117
212
251
Food and tobacco
number _.
298
275
335
302
264
250
230
283
310
276
319
330
20
General stores
number.
22
19
22
40
23
24
31
25
41
20
41
34
68
Household furnishings
number..
64
65
65
96
131
68
64
108
105
95
99
125
93
Miscellaneous
number. _
113
92
116
129
94
106
71
124
170
119
150
154
Liabilities, total
thous. of dol
19,968 30, 582 25,353 27, 200 32,905 19,445 27,228 25,787
22, 561 23,868 19,326 18, 460
16,440
4,116
Agents and brokers
thous. of dol._
3,968
3,401
4,477
9,096
4,880
3,350
1, 735
4,331
8,447
5,319
5,282
5,529
6,786
Manufacturers, total
thous. of dol-.
9,581
7,489
5,927
8,658
9,674
7, 467
5,943 12, 239 10,300
8,850
7,808
9,265
309
Chemicals, drugs, paints._thous. of doL.
252
22
38
89
165
62
291
831
267
225
52
34
146
Foodstuffs and tobacco
thous. of doL.
344
192
263
184
378
331
178
207
493
489
573
380
138
Leather and manufactures.thous. of doL.
468
220
73
405
339
178
365
164
151
86
576
195
975
Lumber
thous. of doL.
1,412
1,291
1,654
1,748
2,600
1,579
1,892
1,170
993
1,638
1,095
991
766
Metals and machinery
thous. of doL.
1,703
1,543
333
1,372
1,159
1,334
1,737
284
452
3,237
1,017
1,228
778
Printing and engraving. __thous. of doL.
412
175
139
323
504
140
85
508
415
126
775
568
192
Stone, clay, and glass
thous. of doL.
432
146
312
487
1,099
348
365
140
874
194
506
503
717
Textiles
thous. of doL.
1,361
998
418
343
2,183
951
673
580
668
601
437
1,123
2,765
Miscellaneous
thous. of dol
3,197
2,902
2,697
3,707
3,812
4,751
1,881
2,059
4,537
3,704
2,777
4,243
8,124
Traders, total
thous. of dol
7,569
9, 564 13, 285 12, 263
9,446 18, 111
10,108 10,168
9,537 10, 319
7,238
9,171
135
Books and paper
thous. of dol
152
225
57
195
217
80
177
127
293
198
61
231
870
Chemicals, drugs, paints._thous. of doL.
467
714
568
750
812
739
436
781
746
609
792
826
790
Clothing
thous. of dol
1,357
587
994
1,232
1,083
1,004
504
1,254
1,042
894
1,149
2,271
3,222
Foods and tobacco
thous. of doL.
3,957
3, 505
4,087
2,854
3,124
3,875
3, 362
2, 769
3,859
4,424
4,068
7,164
123
General stores
thous. of doL.
317
145
532
457
175
320
371
224
595
278
420
540
839
Household furnishings
thous. of doL.
802
943
1,054
2,467
1,091
988
1,732
1, 324
1,910
1,222
1,633
2, 146
2,145
3,267
1,449
1,948
2,573
1,451
Miscellaneous
thous. of dol
2,284
2,272
4,840
2,720
4,140
2,543
4,933
° Revised.
• Rate changed Oct. 20, 1933, and Feb. 2, 1934.
* New series. 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. 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. See special notes below on Federal Reserve member bank loans and investments.
§ Figures subsequent to December 1933 represent gold certificates on hand and due from U. S. Treasury, plus redemption fund—Federal Reserve notes, $35,138,000 on
Feb. 28, $32,748,000 on Mar. 31, $31,400,000 on Apr. 30, $30,000,000 on May 31, $25,724,000 on June 30, $24,056,000 on July 31, $24,000,000 on Aug. 31, $21,798,000 on Sept. 29,
and 22,032,000 on Oct. 31, 1934.

• These three series represent a break-down of the " Investment total." Monthly data previous to October 1934 not available.
A Data on acceptances and commercial paper, on real estate and other loans represent a breakdown of the "All other" loans total which has previously been shown.
http://fraser.stlouisfed.org/
If added, they give a total comparable to figures formerly presented.

Federal Reserve Bank of St. Louis

-m

m

u-m

32

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
Novem- Decem- January
in the 1932 Annual Supplement to the Survey October October
ber i ber

December 1934
1934

February

March

April

May

June

July

August

Septem
ber

FINANCE—Continued
LIFE INSURANCE
(Association of Life Insurance Presidents)
17, 212
Assets, admitted, totalf
mills, of doL
5,747
Mortgage loans
mills, of doL
1,266
Farm
mills, of doL
4,481
Other
mills, of dol.
Bonds and stocks held (book value):
6,480
mills, of dol.
1,650
Government
mills, of dol.
1,692
Public utility
mills, of dol2,618
Railroad
mills, of dol520
Other
mills, of dol.
2,945
Policy loans and premium notes mills, of doL
Insurance written:!
1,104
1,082
Policies and certificates
thousandsGroup
thousands .
25
23
821
812
Industrial
thousandsOrdinary
thousands258
246
Value, total
thous. of dol- 694, 718 657, 362
36, 206
25, 920
Group
thous. of dolIndustrial
thous. of doL 216,439 212,452
Ordinary
thous. of dol- 442, 073 418,990
225, 336
Premium collections t
thous. of doL
Annuities
thous. of dol19,024
Group
thous. of doL
7,216
Industrial
thous. of doL
53,612
Ordinary
thous. of doL
145, 484

17, 250
5,700
1,248
4,452

17,217
5,649
1,234
4,415

17,299
5,612
1,214
4,398

17, 345
5,568
1,193
4,375

17, 360
5,511
1,164
4,347

17,417
5,457
1,143
4,314

17,487
5,398
1,124
4,274

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

17, 659
5,272
1,076
4,196

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

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

6,599
1,762
1,697
2,620
520
2,939

6,625
1,835
1,694
2,585
511
2,948

6,704
1,891
1,710
2,589
611
2,947

6,763
1,945
1,712
2,588
616
2,936

6,794
1,967
1,716
2,584
527
2,924

2,022
1,719
2,587
540
2,915

6,919
2,047
1,727
2,586
559
2,907

7,010
2,116
1,732
2,592
570
2,898

7,133
2,203
1,740
2,606
584
2,893

7,200
2,236
1,750
2,617
597
2,889

7,392
2,407
1,754
2,619
612
2,886

1,071
30
772
269
681, 049
41, 483
202,843
436, 723
214,682
15, 876
6,909
46, 253
145, 644

1,096
47
773
275
715, 256
55, 693
194, 030
465, 533
324,877
30,012
9,226
113,588
172, 051

1,039
29
766
244
665, 457
32, 673
197,108
435, 676
249.884
25, 563
9,060
59, 051
156, 210

1,015
15
752
248
648, 073
26, 862
196, 816
424, 395
224, 676
19,925
7,765
51,121
145,865

1,228
30
894
304
787, 628
33,241
228,107
526, 280
251,119
22, 557
9,724
54, 012
164, 826

1,178
46
841
291
794, 495
62,214
220, 366
511,915
245, 099
25, 030
8,255
52, 340
159,474

1,201
34
868
299
791, 544
40, 989
226,013
524, 542
244, 281
28, 742
8,250
48, 018
159, 271

1,132
51
805
276
762, 490
57,812
211,473
493, 205
246, 414
29,266
7,813
54, 523
154,812

1,042
250
694,259
46, 795
202,256
445, 208
252, 572
33, 246
8,885
54, 072
156, 369

1,073
25
793
255
699, 879
39, 628
212, 380
447,871
234, 662
33, 501
8,350
49, 111
143,700

16
654
211
551,556
21, 087
170, 935
359, 534
211,892
22, 760
7,870
50. 772
130, 490

504
215
50
58
181

548
217
56
67
208
133

472
202
43
53
174

471
203
45
54
169

571
244
55
63
209
125

581
248
55
67
211

588
251
56
68
213

556
233
58
66
199
118

213
48
177

484
208
47
59
170

400
162
40
52
146

6.336
.229
.085
.992
.096
5.03
.065
.389
.379

6.340
.233
.085
.998
.101
5.09
.066
.397
.383
.086
.300
.673
.136
.263
.802

6.344
.234
.086
1.002
.103
5.15
.066
.396
.388
.086
.303
.679
.137
.266

6.340
.234
.086
1.002
.103
5.11
.066
.395
.383
.085
.302
.679
.137
.263
.806

6.336
.234
.084
1.012
.103
5.04
.066
.385
.379
.086
.298
.678
.133
.260
.801

6.338
.237
.085
1.024
.103
5.07
.067
.395
.381
.087
.300
.684
.138
.261
.810

6. 333

.234
.085
1.008
.102
5.05
.066
.383
.379
.086
.299
.678
.137
. 260
.803

7,602

7,736

7,759

7,821

7,893

7,971

7,971

-837
12, 206 68,653
4,715
44
51
1,947 452, 622 237,380

-1,133
37
54, 785

6,586
70, 291

588
114
52,460

-1,055
14,556
51, 781

2,419
22, 255
3,585

2, 652
9,438 521, 223 236,499
-5,483
53,615 34,071 64, 691 52,934 36,170
-463
908,888 898,468 894, 156 907, 641 826, 363 874,112 865, 822 898, 418 868,129 876, 094 881, 861
155, 532 162, 280 184, 622 116, 543 68, 845 93, 222 97, 751 101, 217 94, 439 141,910 93, 212
5,341
5,339
5,368
5,355
5,366
5,355
5,350
5,656
5,811
5,669
5,681

-16,251
857, 442
144, 313
« 5, 427

(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..

495
213
49
58
175

465
194
45
54
172

MONETARY STATISTICS
Foreign exchange rates: #
Argentina
dol. per gold peso.
Belgium
„
dol. per belga_.
Brazil
dol. per milreis..
Canada
dol. per Canadian doL.
Chile
dol. per peso..
England
dol. per £_.
France
dol. per franc.
Germany
dol. per reichsmark_.
India
dol. per rupee..
Italy
dol. per lira..
Japan
dol. per yen_.
Netherlands
dol. per florin..
Spain
dol. per peseta,.
Sweden
dol. per krona..
Uruguay
dol. per peso..
Gold and money:
Gold:
Monetary stocks, U. S
mills, of doL.
Movement, foreign:
Net release from earmark.thous. of doL.
Exports
thous. of doL.
Imports
thous. of doL.
Net gold imports, including gold released
from earmark & *
thous. of dol..
Production, Rand
fine ounces,.
Receipts at mint, domestic-.-fine ounces..
Money in circulation, total
mills, of doL.
Silver:
Exports
thous. of doL.
Imports
thous. of doL.
Price at New York
dol. per fine oz_.
Production, world •
thous. of fine oz_.
Canada
thous. of fine oz_.
Mexico
thous. of fine oz_.
United States
thous. of fine oz_.
Stocks, refinery, end of month:
United States
thous. offineoz..
Canada
thous. of fine oz_.
N E T CORPORATION
(Quarterly)

K 330
.235
.082
1.021
.103
4.94
.066
.405
.371
.086
.287
. 681
.137
.255

.861
.207
.085
.976
.089
4.67
.058
.354
.350
.078
.278
.600
. 124
.241
.708

.920
.223
.086
1.012
.101
5.15
.063
.382
.383
.084
.304
.646
.131
.266
.763

.758
.217
.086
1.006
.096
5.12
.061
.373
.384
.082
.307
.629
.128
.264

6.335
.220
.086
.995
.095
5.05
.062
.376
.380
.083
. 301
. 636
.130
.260
.758

7,989

4,324

4,323

4,323

« 4, 323

260
2,173
13, 010

26,867
34, 046
1,696

600
2, 957
2,174

11,780
10,815
1,687

10, 577
885, 627
153,887
5,473

.660
.133
.260

m

7,137

1,780
35, 362

1,162
14,425
.524
14,795
1,039
6,200
2,099

2,281
4,106
.382
15,012
1,638
6,661
1,781

464
4,083
.430
14,158
1,474
6,033
1,863

590
4,977
.436
13, 059
1,131
5,391
1,562

859
3,593
.442
14,824
1,368
6,000
2,025

734
2,128
.452
13, 427
1,351
5,413
1,903

665
1,823
.459
13, 640
1,085
4,495
2,791

1,425
1,955
.452
16, 519
1,015
7,822
2,389

1,638
4,435
.442
16,131
1,543
7,065
2,303

2,404
5,431
.452
14,871
963
6,461
2,312

4,419
2,593

5,669
1,909

5,638
1,744

5,274
1,758

7,275
2,055

8,919
2,389

10,645
2,141

11,865
2,423

7,174
2,449

7,907
2,630

1,741
1,789
2,458 21,926
.463
.490
13, 667 615,481
1,359
1,378
5,321
6,536
1,853

7,865
2,402

5,068
2,257

.237
.083

1.029
.103

4.990
.067
.403
.376
.087
.298
.686
.138
.258
.812

1,424
20,831
.495
«14,974
1,512
« 6,098
1,786
5,465
2,739

PROFITS

Profits, total f
mills, of dol..
Industrial and mercantile, total-mills, of doL.
Autos, parts and accessories..mills, of dol.
Foods
mills, of doL.
Metals and mining
mills, of dol.
Machinery
.
mills, of doL.
Oil
mills, of doL.
Steel and railroad equip
mills, of dol.
Miscelltmeous
mills, of doL.
Public utilities!
mills, of doL.
Railroads, class I (net railway operating
income)
mills, of doL.
Telephones (net op. income).—mills, of doL.

309.2
72.5
d
6.1
20.5
9.0
1.6
18.7
J
10.1
38.9
56.9

v 315.0
94.6
31.8
20.6
9.2
3.1
2.8
* 10.9
38.0
59.1
112.2
49.1

132.6
47.2

v 364.1
v 145. 3
46.2
24.8
8.4
5.4
5
3

5.8
14.8
39.9
55. 1

113.6
v 50.1
«6 Revised.
° Or exports (—).
Deficit.
v Preliminary.
Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.
* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issues, net gold imports.
t Revised series. For earlier data see pp. 18 and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections, and
p. 19 of the July 1934 issue, corporation profits.
• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series previously presented in the SURVEY covered
the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931, 82.0; 1932, 75.5; and 1933, 77.5.
#
Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
m
Decision of Treasury and Federal Reserve to omit gold coin from circulation figures as of Jan. 31, at which time it was carried as $287,000,000, is not reflected in the
January
total, which is the daily average figure for the month. Large increase in February resulted from revaluation of the dollar to 59.06 percent of former gold content.




d

December 1934

33

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January- Februin the 1932 Annual Supplement to the Survey
ber
ber
ary

1934
Septem
ber

March

April

May

June

July

26,158

26,118

26,155

27, 053

27,189

27, 080

27,190

997,022 643,965 623, 592 °2,983,939 563, 226 749, 347 478, 859
229,118 /3,024,210 / 434, 555 /199, 278 / 246, 801 /411,337 / 232, 712
21,041
23,122
23, 792
20, 837
19,331
26, 306
23,275
182,405 174,036 390, 353 153,364 194, 294 362, 243 195,592
21,075
23, 776 186,161
21,709
24, 803 228, 526
15, 850

523, 078
297, 256
22, 952
229, 548
22, 924

462. 034
515,383
36,174
379,738
171,177

August

FINANCE—Continued
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month
mills, of dol.. 27,188
Expenditures, total (incl. emergency) d
thous. of doL. 771, 530
Receipts, total
thous. of dol / 302, 287
Customs..
thous. of dol._ 30, 509
Internal revenue, total
thous. of doL. 209, 697
19,189
Income tax.. . . . . _
.thous. of dol.
Reconstruction Finance Corporation loans outstanding, end of month:*§f
Grand total
thous of dol 2,654,955
Total section 5 as amended.-thous. of dol.. 1,283,439
Bank and trust companies, including receivers
thous. of dol
583, 452
Building and loan assoc...thous. of dol_. 25. 205
Insurance companies
thous. of doL. 29, 982
Mortgage loan companies.thous. of doL_ 159,327
Railroads, incl. receivers..thous. of dol.. 353,170
All other under section 5__thous. of dol._ 132, 303
Total emergency relief and construction act
as amended
thous. of dol.. 474, 255
Self-liquidating projects...thous. of doL- 112,291
Financing of exports of agricultural surpluses
thous. of dol.- 15, 271
Financing of agricultural commodities,
and livestock
thous. of doL. 48, 687
Amounts made available for relief and
work relief
thous. of dol._ 298,006
Total bank conservation act as amended
thous. of doL- 837, 929
Other loans
thous. of dol._ 59, 391
CAPITAL ISSUES
Total, all issues (Commercial and Financial
Chronicle)
thous. of dol.. 157, 574
Domestic, total
thous. of doL_ 157, 574
0
Foreign, total
thous. of doL.
Corporate, total
thous. of dol._ 31,390
9,390
IndustriaL _. . . .
thous. of dol
Investment trusts
-thous. of dol .
0
Land, buildings, etc
thous. of dol..
0
0
Long-term issues
thous. of doL_
0
Apartments and hotels.-thous. of doL.
0
Office and commercial..-thous. of dol_.
Public utilities
thous. of doL- 20, 000
2,000
Railroads
. . . _.
thous. of dol
Miscellaneous
thous. of dol__
0
Farm loan bank issues
thous. of doL_ 83, 000
Municipal, States, etc
thous. of doL. 43, 184
Purpose of issue:
New capital, total..
thous. of dol
121,903
Domestic, total
thous. of dol.. 121, 903
390
Corporate
thous. of dol
Farm loan bank issues..thous. of dol.. 83, 000
Municipal, State, etc
thous. of dol._ 38,513
0
Foreign ._
. . . .thous. of dol .
Refunding, total
thous. of doL. 35, 671
31,000
Corporate
. . . _..
thous. of dol
Type of security, all issues:
157, 184
Bonds and notes, total
. thous. of dol
31,390
Corporate
thous. of dol
Stocks
.
. . __ thous. of dol
390
State and municipals (Bond Buyer):
Permanent (long term)
thous. of doL.
Temporary (short term)
.thous. of doL.
SECURITY MARKETS
Prices:
Bonds
All listed bonds (N. Y. S. E.)
dollars..
89.39
Domestic issues
dollars
91.23
Foreign issues
. . . . . . dollars
80.61
Domestic (Dow-Jones) (40)
percent of par 4% b o n d - .
81.25
Industrials (40)--.percent of par 4% b o n d . .
75.40
Public utilities (10)
percent of par 4% b o n d . .
92.76
Rails, high grade (10)
percent of par 4% b o n d . . 103. 25
Rails, second grade (10)
percent of par 4% b o n d . .
64.52
Domesticf (Standard Statistics) (60).dollars..
98.4
U. S. Government (Stand.
Stat.)*..-dollars.. 104. 69
Foreign (N. Y. Trust) (10)...percent of p a r . .
Sales on New York Stock Exchange:
Total
thous. of dol. par v a l u e . . 278, 238
Liberty-Treas
thous. of dol. par value._ 98, 503
Value, issues listed on N. Y. S. E.:
Par, all issues
mills, of d o L . 44, 083
Domestic issues
mills, of d o L . 36, 461
Foreign issues
mills, of doL.
7,622
M a r k e t value, all issues
mills, of dol._ 39, 406
Domestic issues
mills, of dol
33, 262
Foreign issues
mills, of d o L .
6,144
0

23,050

23, 534

23, 814

508,642
272, 747
31,938
164,148
10, 348

510, 375
219, 493
26, 565
135, 707
17, 783

725,086
341, 776
24,994
302, 432
128, 286

25,068

26, 052

1,821,305 1 956,575 2,258,536 2,515,986 j? 571 455 2,654,838 2,701,206 2,734,607 2,883,600 2,714,040 2,691,917 2,680,898
1,389,829 1^445,254 1,550,115 1^584^689 1,561,335 1,498,661 1,465,359 1,438,924 1,436,187 1,336,592 1,297,412 1,289,672
661, 504
71,418
67,424
156, 696
330,155
102, 538

686, 384
68,167
64,922
160, 236
333, 396
132,155

711,432
66, 238
60,929
177, 850
337, 078
196, 595

700, 630
62, 820
56,269
178, 944
340, 724
245,309

690, 465
59, 553
54, 058
167, 316
345,176
244,774

651,176
55, 226
51,553
161,098
345,179
204,435

620, 470
49, 970
38, 249
187, 475
344,932
224,269

606, 072
44,486
35,397
190, 870
344,695
217,409

598, 909
40, 443
34,748
192,151
355, 382
216, 559

582, 200
36, 893
32, 619
184,790
354, 447
145, 643

594, 905
31,494
31, 678
162,081
343,189
134, 064

591,972
28, 252
30, 722
160, 767
343, 287
134,672

362,119
56, 039

397,919
60, 020

437, 438
63,452

514,031
71,497

538, 245
71,218

556, 231
80,196

561,147
82, 667

571, 631
88, 446

612,189
93, 010

571, 964
96, 062

533. 864
107, 287

505, 902
111,184

3,906

4, 497

6, 894

9, 043

10, 052

11,051

12,314

12, 749

13, 947

15, 185

14,985

14,954

3,160

34, 387

68, 077

134, 476

157,973

165, 993

167, 268

171, 875

206, 672

162, 175

113,008

81,538

299, 014

299, 014

299, 014

299, 014

299, 014

298, 991

298, 897

298, 500

298, 559

298, 542

298,524

298,227

66, 053
3,300

110, 098
3,300

264,190
6,789

410,473
6,789

465, 081
6,789

593,041
6,900

656,178
19, 519

704, 017
20, 031

814, 708
20, 511

781,436
24, 048

803. 280
57, 362

827. 600
57, 664

« 59, 027
« 59, 027
0
3, 109
3,109
0
0
0
0
0
0
0
0
0
a
55, 917

90, 279
90, 279
0
6,511
6, 511
0
0
0
0
0
0

74, 566
74, 566
0
W, 150
15, 351
0
0
0
0
0
550
0
250
14,250
44, 166

90, 243
90, 243
0
7,483
5, 983
0
0
0
0
0
1, 500
0
0
28, 000
54,759

86, 984
86, 984
0
15, 366
3,366
0
0
0
0
0
12, 000
0
0
8, 900
62, 718

146. 879
146, 879
0
26, 340
4, 609
0
0
0
0
0
15,000
0, 481
250
25, 000
95, 540

236, 245
235, 045
1,200
87, 524
5,195
0
0
0
0
0
5,583
76, 746
0
45, 000
103,722

141,872
141,872
0
31,781
6,199
0
0
0
0
0
8,000
17, 582
0
32, 500
77, 591

305, 522
305, 522
0
33,167
420
0
0
0
0
0
4,000
19, 747
9,000
158, 900
113,455

373,302
373, 362
0
145, 779
1,509
310
400
400
0
0
43, 500
100, 000
0
135,000
92, 583

258,810
208,810
50, COO
18,019
10, 500
0
0
0
0
0
6,315
1, 204
0
164.111
20, 080

69, 246
09, 246
0
17,187
1,300
0
0
0
0
0
13, 187
1,200
1,500
13,000
39, 059

« 58, 176
« 58,176
3,109
0
a
55, 067
0
« 851
0

88 257
S3, 257
6, 511
0
81, 746
0
2, 022

57, 000
57, 000
15, 601
0
41, 399
0
17,566
550

47, 775
47, 775
5, 983
5, 000
36, 792
0
42, 467
1, 500

79,121
79, 121
13, 058
7,000
59, 063
0
7, 863
2,308

97, 276
97, 276
13,770
3.000
80, 506
0
49, 603
12, 569

143, 404
143,404
28, 241
15. 000
100,164
0
92, 841
59, 283

102, 733
102, 733
28, 823
12, 500
61,410
0
39,139
2,958

122, 506
122, 506
9. 420
11, 500
101, 586
0
183,016
23, 747

216,045
210, 645
20, 279
105, 000
91, 300
0
156,717
125, 500

179, 548
179, 548
8, 019
153,111
18,418
0
79, 262
10, 000

43, 375
43, 375
4,387
0
36,188
0
25, 872
10, 000

° 55, 918
3, 109
3, 109

83,843

58, 965
16, 150
15, 601

84, 260
1, 500
5, 983

85. 926
15, 366
1,058

142, 270
26, 340
4,609

231,550
87, 524
4,695

138,631
28, 540
3,241

296,102
23, 747
9,420

371, 783
125, 500
1, 579

258, 810
18,019
0

64, 197
17,187
2, 300

90, 391
53, 830

124, 941
21, 376

76, 434 «104.615
59. 341
25, 395

112, 552
18, 850

80, 921 "188, 214 °129, 633
39, 596
60, 474 0 60, 478

49, 208
18, 852

41, 982
99,050

82.33
84.70
72.85

81. 36
82. 98
74^67

83.34
85.11
75! 90

86.84
88. 77
78^65

88.27
90.12
80.43

89. 15
91.09
80.89

90.46
92.54
81.57

90.17
92.32
80.79

90.80
93. 16
80.15

89.79
92. 00
79. 59

88.99
91. 13
78.97

88.27
yo. 05
79.89

66.99
56.50

62.14
53.51

65.46
56.53

71.89
63.83

77.85
69.64

79.73
72.34

83.42
76.72

82.93
76.07

83.89
76.57

84.12
77.55

81.66
76.83

78.97
74.31

75.83

70.37

71.85

75.64

80.18

81.98

87.37

88.34

91.26

92.59

93.48

90.33

101. 57

103. 47

104. 68

102. 19

99.70

o0
0
83, 768

o
6, 436

302, 474 «141,980
74, 979
86,175

85.47

79.22

83.07

89.05

95.19

97.46

100. 50

58.38
86.5
103. 51
58.78

52.77
82.6
101. 39
61.53

57.28
83.6
100. 95
61.47

64.41
88.3
101. 43
67.73

71.22
92.9
102. 74
70.22

71.97
95.1
103. 74
66.78

73.94
97.0
104. 66
67.78

71.84
97.6
105. 34
66.54

71.45
99.0
105. 90
66.04

69. 92
99.3
106. 47
65.10

64. 59
97.8
105. 42
64.39

62.13
96.7
103. 47
65.60

231, 520
34, 678

296, 989
93, 536

267, 259
41,865

413, 391
70, 264

373, 852
23, 606

324, 464
47, 980

356, 859
55, 486

283, 899
65,488

260, 507
64, 643

263,750
69,290

317,140
151,220

285,009
128, 605

40,875
32, 680
8,195
33, 651
27, 681
5,970

42, 010
33.821
8,189
34,180
28, 065
6,115

41, 829
33,815
8,014
34, 861
28, 778
6,083

41, 761
33, 792
7,969
36, 264
29, 996
6,268

41, 737
33, 775
7,962
36, 843
30, 440
6,403

41, 727
33, 771
7,955
37,198
30, 764
6,435

41, 765
33,851
7,915
37, 781
31, 325
6,456

42, 406
34, 504
7, 902
38, 239
31, 855
6,384

43,554
35, 663
7,890
39, 547
33, 223
6,324

43,964
36,113
7,851
39,473
33, 225
6, 249

44,337
36,515
7,822
39, 454
33, 277
6,177

43,903
36,185
7,717
38,751
32, 586
6, 165

Revised.
* New series. For earlier data see p. 20 of the August 1933 issue, Reconstruction Finance Corporation excepting the item "other loans" which appears first in this issue
and p. 20 of the June 1933, issue, U. S. Government bond prices.
t Reconstruction Finance Corporation data have been revised for the year ended June 1934. Revised figures for period October 1933-June 1934 shown above; JulySeptember revised figures have not been published. Figures subsequent to June 1934 are preliminary.
§ 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 Adimnis
trator. These amounted to $499,251,915 on Oct. 31, 1934.
* Includes $2,808,221,138 for February, $2,233,252 for March, $409,051 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843 for
September,
and $173,702 for October, representing the increment resulting from reduction in weight of gold dollar.
0
The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment in gold.

c? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable withthis series. Comparable figures
for the period May 1932 to March 1933 are on p. 33 of the monthly issues, from June 1934 to November 1934. Later data are in monthly numbers.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

34

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber

December 1934
1934

February

March

April

May

July

June

August

September

FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Yields:
Domestic! (Standard statistics) (60).percent,.
Industrials (15)
percent..
Municipals (15)t
percent..
Public utilities (15)
percent..
Railroads (15)
percent..
Domestic, municipals (Bond Buyer) (20)
percent..
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills**
percent._
182-day bills**
percent
U. S. Treasury bonds*
percent..

4.51
5.09
3.69
4.56
4.68

5.39
6.49
4.60
5.12
5.35

5.72
6.73
4.89
5.41
5.86

5.63 !
6.68 |
4.89 !
5.40
5.54

5.25
6.17
4.67
5.08
5.07

4.90
5.70
4.48
4.75
4.66

4.74
5.51
4.24
4.65
4.56

4.61
5.28
4.11
4.58
4.46

4.56
5.29
3.93
4.57
4.47

4.47
5.19
3.73
4.51
4.45

4.45
5.10
3.75
4.47
4.47

4.55
5.12
3.81
4.57
4.68

4.63
5.22
3.84
4.64
4.82

3.94

5.01

5.52

5.48

4.89

4.74

4.56

4.27

4.17

4.01

4.05

4.15

4.21

---3.08

.16 !
3.22

.42

.70

.67

3.46

3.53

3.50

.63
.85
3.32

.08
.27
3.21

.08
.18
3.12

.06
.14
3.01

.07
2.94

.08
2.85

.20
2.99

.27
3.20

191,995
165, 023
26, 972

201,854
174, 709
27,145

212,413
188, 244
24,169

177,807
172,416
5,391

162,170
155,651
6,519

264,155
246,149
18,006

217,544
182, 794
34,750

113, 295
107,860
5,435

245, 625
230, 336
15, 289

162, 704
158,368
4,336

1,023. 4
926.13

1,038. 7
926.42

1,063.4
926. 87

1,079. 8
929.04

1,073.4
929.04

1,094. 5
929. 04

1,105.1
929. 04

1,113.4
918. 05

1,128.9
918. 08

1,131.1
918. 08

1.11
3.61
.83
1.67
2.07
.91

1.12
3.58
.85
1.67
2.06
.98

1.15
3.58
.88
1.67
.206
.98

1.16
3.58
.90
1.69
2.06
.98

1.16
3.58
.91
1.70
1.98
.98

1.18
3.58
.94
1.70
1.98
.98

1.19
3.60
.95
1.70
1.97
1.09

1.21
3.77
.96
1.71
1.97
1.20

1.23
3.77
.98
1.71
1.98
1.20

1.23
3.77
.98
1.71
1.98
1.20

Cash Dividend and Interest Payments
and Rates
Dividend payments (N. Y. Times)
thous. of doL. 140, 477 123,492 259, 518
Industrial and miscellaneous-.thous. of dol._ 135,419 117, 263 243, 742
6,229
15, 776
Railroad
thous of dol
5,058
Dividend payments and rates (Moody's):
Dividend payments, annual payments at
978.2 1, 017. 8
current rate (600 companies) ..mills, of doL. 1,137.1
Number of shares, adjusted
millions.. 918. 08 923. 80 926.13
Dividend rate per share, weighted average
1.06
1.10
(600) _ .
.
dollars
1.24
3.55
3.99
Banks (21)
dollars3.77
.82
.76
.99
Industrial (492)
dollars
1.66
1.66
1.71
Insurance (21)
_
dollars
2.07
2.07
Public utilities (30)—
dollars I 1.98
.91
.91
1.20
Railroads (36)
dollars..
Stocks
Prices:
Dow-Jones:
Industrials (30)
dol. per share '
Public utilities (20)
dol. per share._ !
Railroads (20)
dol. per share.. !
New York Times (50)
dol. per share.. I1
Industrials (25)..
dol. per shared- 1
Railroads (25)
dol. per share..
Standard Statistics (421)
1926 = 100
Industrials (351) _
..1926=100 '
Public utilities (37)
1926=100.. I
Railroads (33)
1926=100 I
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._ I
Railroads (20)
percent..
Preferred, Standard Statistics:
Industrials, high grade (20)
percent..

62.9
35.6

92.8
24.9
38.9
79.54
127. 86
31.23
69.5
75.5
75.0
40.3

96.4
23.7
38.6
82.87
134. 22
31.52
69.1
76.7
70.0
38.4

99.3
23.2
40.5
85.18
137. 27
33.12
70.4
78.8
67.3
40.3

102.7
25.2
44.9
88.21
140.48
35.95
75.6
84.0
73.2
45.5

107.3
28.4
50.8
94.35
147. 91
40.79
80.5
88.4
80.6
50.0

102.1
26.4
48.1
90.06
141. 30
38.83
77.1
84.9
76.1
47.6

104.3
26.0
49.5
92.36
144. 84
39.88
79.6
88.3
76.3
49.3

95.3
23.1
43.6
82.66
131.17
34.15
71.8
79.6
69.8
43.3

96.7
23.8
44.3
85.71
135. 70
35. 73
73.5
81.4
71.9
44.1

94.5
22.2
40.7
83.00
133. 87
32.12
71.4
79.7
69.2
41.2

91.6
20.5
35.4
79.16
130. 46
27.86
67.8
76.7
64.6
35.6

90.5
19.8
35.1
78.76
129. 95
27.56
67.0
75.7
63.7
35.1

48.7
67. 3
15, 660

47.1
53.6
39,379

42.5
51.8
33, 646

42.4
49.9
34,878

51.6
57.5
54, 567

57.8
64.2
56, 830

56.7
62.8
29,916

60.4
66.9
29, 847

58.6
65.2
25,343

58.7
66.7
16, 802

57.8
66.8
21,116

53.4
65.1
16,693

48.1
65.0
12, 636

31,613
1,305

30,118
1,293

32, 542
1,295

33, 095
1,293

37, 365
1,293

36, 658
1,293

36, 700
1,294

36, 432
1,295

33, 817
1,294

34,440
1,295

30, 752
1,294

32,618
1,310

32, 320
1,313

4.22
3.83
6.71
3.70

3.59
3.25
5.61
2.51

3.65
3.26
6.13
2.62

3.59
3.21
6.24
2.48

3.36
3.04
5.59
2.25

3.10
2.81
4.94
2.18

3.33
3.00
5.50
2.32

3.25
2.90
5.58
2.24

3.58
3.25
5.83
2.54

3.55
3.29
5.44
2.49

3.67
3.38
5.73
2.69

4.00
3.60
6.30
3.71

4.21
3.83
6.53
3.76

5.79

6.38

6.51

6.50

6.30

6.01

5.96

5.82

5.78

5.73

5.67

5.71

5.79

93.5
19.8
35.7
81.71
135.32
28. 11
67.3
76.4

!

Stockholders (Common Stock)
American Tel. & Tel. Co., total
number
Foreign
number
Pennsylvania Railroad Co., total
number..
Foreign
_ _ .number .
U.S. Steel Corporation, total
number..
Foreign
number
Shares held by brokers
percent of total

680, 454
7 418
238, 876
3,208
187,978
3 450
18.80

i

675, 410
7,743
233,707
3,151
192, 214
3, 802
19.03

1 675,426
7,686
233, 826
3,165
190, 745
3,785
19.73

671, 052
7 563
235 809
3,174
186, 612
3 770
19.01

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
44
42
42

43 |
47 I
41 !
42

47
50
45
42

42
45
48
47

45
50
42
44

43
48
39
43

45
49
37
39

50
48
41
43

109
93

93
72

80
63

60
63

50
60

59
48

46
46

46
54

65
61

184, 257 ! 192, 638

172, 174

162,805 ! 191,015 179, 444

160, 207

170, 574

161, 787

171, 965

191,660

5,637
27,538
11, 507
66,692
7,263
6,847

7,064
38,393
16, 310
67,618
8,140
8,230

8,502
35,935
12,812
61,814
6,379
7,703

6,659
38,132
13,857
68,728
6,476
6,803

7,996
40,119
19,977
86,912
10,334
7,443

54
45
40
39

51
42
47
46

49
42
40
40

82
70

120
77

ml

of d o L . 206, 352

193,069

5,757
46, 883
26, 994
95, 100
10, 512
6,275

4,166
35, 050
16, 825
108, 596
17, 041
17, 720

79 i

VALUE§
Exports, incl. reexports
-thous.
By grand divisions and countries:
Africa
thous.
Asia and Oceania
thous.
Japan
thous.
Europe
thous.
France
thous.
Germany
thous.

of d o l . .
of dol._
of dol._
of dol._
of d o l . .
of dol

4, 670 !
5,899
37,573 i 40, 878
17,056 ! 18, 259
94,864 I 102, 208
14,082
12,129
16,873 I 13,577 i

3, 940
35,903
16, 763
90 030
13 200
15 728

4,999
34, 229
14,926
82,182
10,935
13,820

6,595
37, 641
16,295
92,496
12,909
15, 392

5,708
37,490
14,824
80,150
10,674
10, 824

* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years.)
See special note below on yield on U. S. Treasury bills.
t Revised series. For earlier data see p. 19, of the April 1933 issue, yield on domestic and municipal bonds.
§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December, 1933. and January 1934
issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.
.
• Monthly data on yields from 91 day bills for period December 1929 to September 1930 will be shown in a subsequent issue. Data on yields from 182 day bills not
 vailable prior to February 1934.



35

SURVEY OF CURRENT BUSINESS

December 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

1933

| 1934
j
j nntnV>pr October
j UUj0Der

ber

1934
De c m
b £ -

'

January

February

March

April

May

June

July

4,853
25, 922
32, 415
31,989
14, 927
4,753
12, 998
3,368
2,989
883

4,276
24,862
28,515
27, 987
15,064
4,666
13, 919
3,504
3,343
1,048

4,275
24, 380
27, 281
26,761
14,656
4, 762
13, 597
3,692
3,216
814

j August

FOREIGN TRADE—Continued
VALUE—Continued
Exports, incl. reexports—Continued.
By grand divisions and countries—Contd.
Europe—Continued.
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:
Exports, domestic
thous. of dol.
Crude materials
thous. 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
flour
.mills, of dol.
Manufactures, semithous. of dol.
Manufactures, finished thous. of dolAutos and parts
mills, of dol.
Gasoline
mills, of dol.
Machinery
mills, of dol.
Imports, total cf
thous. of dolImports for consumption *
thous. of dol.
By grand divisions and countries: # c?
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: # c?
Crude materials
thous. of dol
Foodstuffs, crude
thous. of dol
Foodstuffs, manufactured--.thous. of dol
Manufactures, semithous. of dol
Manufactures, finished
thous. of dol

6,226
47, 036
27,420
26,875
17,418
5,910
13, 774
4,135
2,961
1,045

8,537
39,532
21,838
21,486
11,181
3,499
12,237
4,141
3,194
458

5,934
33,564
23, 252
22,833
11,648
3,685
12, 249
4,559
2,862
491

6,728
43, 878
18,898
18,513
11,791
3,456
12, 965
3,322
3,626
777

5,754
32, 244
19, 096
18,812
12, 342
4,136
10,864
2,942
2,938
545

6,291
27,962
19,879
19,602
11, 788
3,764
9,728
2,552
2,838
593

5,327
32, 288
25, 798
25, 363
15, 405
4,382
13, 081
3,909
3,400
654

4, 596
28,840
26, 650
26, 254
15, 989
4,668
13,449
3,619
3,169
1,020

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

190,842
81, 794
54.2
23, 510
5,042
18, 468
11.0
6.2
1.2
24,445
61, 093
8.6
6.5
13.5
150,867
149, 288

181,291
71, 299
48.8
24, 055
6,653
17, 402
9.7
6.6
1.6
24,195
61, 743
7.3
7.2
16.0
128, 541
125,269

73, 071
44.3
24, 344
7,464
16, 880
8.3
6.7
3.9
28,497
63,897
9.3
4.1
15.8
1 3,618
127,170

169, 531
60,402
41.5
22, 693
7,294
15, 399
8.4
6. 1
3.1
25, 018
61,418
10.8
4.8
14.4
135, 513
128,738

159,671
54, 218
37.7
19, 569
6,894
12, 675
6.8
5.4
2.7
24, 456
61, 428
13.2
4.3
14.6
132, 656
125,011

187,495
55, 276
34.7
20, 073
6,139
13, 934
5.5
5.9
3.2
31, 382
80, 764
20.6
5.6
18.3
157,908
153,075

176, 499
45, 878
24.5
17,821
5,348
12, 473
4.4
5. 1
3.7
29, 361
83, 440
21.5
5.8
19.2
146, 517
141,137

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

2,303
45, 604
14, 503
51,908
5,116
7,667
3, 838
15, 253
20, 070
19,618
9,848
1,766
21,134
5, 942
8,095
1, 545

2,764 !
39,049 !
11,657 |
43,577 !
5,627 !
6,604 j
3,180 I
9,254 |
17,890 !
17,123 {
9,789 !
2,305 i
15,473 |
3,420 I
5,885 !
953 j

2,587
39, 476
10, 372
42, 292
6, 891
6,894
2,915
8, 252
22, 083
21, 200
9, 675
3, 295
17, 406
2,315
8,256
1,018

2,542
44, 714
4, 491
6,472
2,847
7,997
17,195
16, 397
9, 317
2,824
17, 704
2, 379
7, 826
1,236

2,780
36,211
9,114
44,765
7,436
6, 075
2,852
11,033
14,343
14,163
8,472
2,859
18, 721
2,727
8, 561
898

4,785
48, 893
11,453
45, 753
5,611
7,495
3,613
11,357
18,208
17, 929
10, 768
3, 922
24, 620
3, 365
9,436
2,631

3,700
51, 746
10,186
37, 545
3.898
5,738
2,912
9,008
16,506
16, 271
9,720
3, HO
21,921
3,076
7,127
3,784

2,605
55,877 i
10,121
39, 412
4,320
5,469
2, 988
10, 302
19, 242
18, 735
10, 912
3,000
18,818
2,981
5, 496

2,806
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

35, 090
22, 726
24,068
26,103
29, 872

46, 886
17, 741
17, 088
33,181
35, 971

37,261
14,853
15,783
27,838
32,805

36, 233
18, 458
23,910
27, 236
27, 680

35, 726
18,423
20,840
26,415
27, 334

36,
20,
17,
22,
27,

44,
26,
22,
29,
29,

41,009
21,916
23, 676
26,118
28, 418

42.812
18, 406
27, 913
26,889
30, 846

!
j
j
|

9, 530
37, 303

TRANSPORTATION AND
TRANSPORTATION
Express Operations
Operating revenue
thous. of doL
Operating income
thous. of doL
Electric Street Railways
Fares, average (320 cities)
cents Passengers carried t
thousandsOperating revenues
thous. of doL

6,719
132
8.143
704,963
47, 956

6, 789
139

7,090
'l33

8.143
8.143
88, 201 741,119
46 962

894
997
299
220
602

862
108
482
728
847

4,951
30, 694
27, 852
27, 257
14,073
4,765
16. 522
4,437
3,965
1,329

5,093
40,119
25, 370
24,850
15, 976
4,614
15,318
3,712
3,979
1,181

159, 242 169,832
39, 662
37,199
17.8
20.3
17, 058 22, 071
5,287
3,685
16, 784
13,373
7.7
2.9
5.8
5.7
3.0
1.6
29,408
28,834
78,690
76,152
15.3
18.4
4.1
3.5
20.2
18.9
127,342 119,515
124,123 117,288

189,237
66, 437
32.2
20, 059
4,060
15,999
7.1
5.4
2.0
29,729
73, 012
14.0
3.8
18.8
131,659
149, 755

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

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

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

6, 961
' 149

6,826
136

7,079
118

8.143
8.143
697, 676 640, 278

8.143
654, 485

8.143
654, 649

63
55
38
30
95
70
64
83
65
61
63
43
30
79
84
65
46
62
2,346
373
18
83
171
89
613
125
875

63
57
35
31
84
95
65
73
64
59
58
39
29
70
107
65
43
59
2,420
383
17
89
160
124
638
116
892

67
68
45
31
76
103
67
63
69
59
63
45
30
63
87
64
39
58
3,142
581
26
110
174
171
797
122
1,163

157,171 167,957
37, 975
47,003
17.6
28.9
16,816
14, 923
3,994
3,023
12, 822
11, 900
3.3
4.0
6.8
5.7
1.9
1.1
26,189
27, 923
76,191
78,108
20.6
20.0
3.8
4.0
17.0
18.6
154, 647 136, 082
146, 866 135,048

> t jy
38,612
23, 023
34, 319
24, 249
29, 552

COMMUNICATIONS

6, 641
' 140

6, 590
' 142

8.143
8.143
750, 249 698,933

7, 052
' 136
8.143
790, 773

7, Oil
' 136

7, 392
' 122

8.143
8.143
833, 230 751, 053

Steam Railroads
Freight carloadings (F. R. B.):
Index, unadjusted
Coal
Coke
Forest products
Grain and products
Livestock
Merchandise, 1. c. 1.
Ore
Miscellaneous
Index, adjusted-.Coal
Coke
Forest products
Grain and products
Livestock
Merchandise, 1. c. 1
Ore
Miscellaneous
Total cars 1
Coal
Coke
Forest products
Grain and products
Livestock
Merchandise, 1. c. 1
Ore
Miscellaneous

1923-25=1001923-25 = 100
1923-25 = 1001923-25 = 100
1923-25=100_
1923-25 = 1001923-25 = 100
1923-25= 100_
1923-25 = 100.
1923-25 = 100
1923-25 = 100
1923-25 = 100.
1923-25 = 1001923-25=1001923-25=100.
1923-25=100
1923-25 = 1001923-25 = 100thousands.
thousands _
thousands thousandsthousandsthousandsthousands.
thousandsthousands-

64
69
46
31
65
83
66
42
70
57
60
45
30
58
62
63
30
60
2,531
484
22
90
122
114
653
69
978

66
70
54
33
64
68
70
68
69
58
62
53
32
57
51
66
49
59
«2, 632
"507
27
"99
119
93
°692
°120
a
975

60
71
53
32
66
60
67
17
60
59
65
52
34
62
51
66
24
61
2,366
502
26
93
124
82
667
30
843

56
69
59
26
58
47
64
8
55
63
65
55
31
59
47
68
33
71
2,565
570
34
91
129
75
742
15
909

58
77
67
26
65
53
65
8
55
64
68
61
30
68
51
70
34
69
2,178
519
31
73
118
70
615
12
739

61
85
86
31
65
46
65
8
58
64
78
76
30
68
48
67
34
67
2,309
575
40
87
120
61
627
12
785

63
82
71
33
63
40
67
10
64
66
87
71
32
75
46
66
41
67
3,059
730
45
118
148
67
828
19
1,105

60
57
48
33
57
48
67
19
68
62
68
50
31
74
52
65
38
66
2,335
401
23
97
106
65
664
29
950

63
61
58
35
61
49
67
59
70
63
69
58
33
75
52
65
39
68
2,442
427
27
101
112
65
660
83
967

64
58
56
34
78
46
65
87
71
64
66
56
33
90
54
65
48
68
3,078
502
34
123
174
77
789
166
1,214

1
* N e w series. Earlier data on value of imports for consumption will be shown in a subsequent issue,
Revised.
t Revised series. For earlier data see p . 19 of t h e August 1933 issue.
# Beginning with J a n u a r y 1934, import data represent imports for consumption and are not comparable with earlier figures which consist of general imports.
nation on p . 9 of t h e M a r c h 1934 issue.
^ D a t a for September and December 1933, March, June, a n d September 1934, are for 5 weeks; other months 4 weeks,
for FRASER
c? D a t a revised for 1933. See p . 20 of the October 1934 issue.

Digitized


See expla-

36

SUEVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary-

TRANSPORTATION
TRANSPORTATION—Continued
Steam Railroads—Continued
Freight-car surplus, total
thousands..
328
Box
thousands..
207
Coal
_
thousands. 85
Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I railways):
Operating revenues!
thous. of doL- '293,300
Freightf
thous. of doL.
Passengerf
-thous. of doL.
Operating expenses!
thous. of dol_.
Net railway operating incomet-thous. of dol.. v 49, 200
Operating results (class I roads):
Freight carried 1 mile
mills, of tons..
Receipts per ton-mile
cents..
Passengers carried 1 mile
millions.
Waterway Traffic
Canals:
Cape Cod
thous. of short tons..
New York State
thous. of short tons..
Panama, total
thous. of long tons..
U. S. vessels
thous. of long tons..
St. Lawrence
thous. of short tons..
Sault Ste. Marie
thous. of short tons_.
Suez
thous. of metric tons..
Welland
thous. of short tons..
Rivers:
Allegheny
thous. of short tons..
Mississippi (Government barges)
thous. of short tons.
Monongahela
thous. of short tons.
Ohio (Pittsburgh to Wheeling)
thous. of short tons.
Ocean traffic:
Clearances, vessels in foreign tradet
thous. of net tons.
Foreign!
thous. of net tons.
United Statesf
thous. of net tons_
Shipbuilding. (See Trans. Equip.)
Travel
Airplane travel:
Express carried*
pounds.
Miles flown*
thous. of miles.
Passengers carried*
numberPassenger miles flown*
thous. of iniles.
Hotel business:
Average sale per occupied room
dollarsRooms occupied
percent of totalForeign travel:
Arrivals, U. S. citizens
numberDepartures, U. S. citizens
numberEmigrants
numberImmigrants
numberPassports issued..
numberNational parks:
Visitors
number _
Automobiles
numberPullman Co.:
Passengers carried
thousands _
Revenues, total
thous. of dol_
COMMUNICATIONS
Telephone (class A companies) :#
Operating revenues
thous. of dol.
Station revenues
thous. of dol.
Tolls, message
thous. of doL
Operating expenses
thous. of dol.
Operating income
thous. of dol.
Stations in service, end of mo
thousandsTelegraphs and cables:
Operating revenues
thous. of dol.
Commercial telegraph tolls.-thous. of dol_
Operating expenses
thous. of dol.
Operating income
thous. of dol.

726
1, 036
5,006
1,331

385 !
228
111
294,
239,
29,
204,
57,

26, 412
.990
1,584

221,905
4,019
48, 477
20, 838

5,349 I
3,392 j
1,957 !

434
248
129

463
264
141

September

359
209
119

318
195
94

293,178 265, 391 282, 024 282, 779 275, 984 282, 679
240, 991 214, 266 228, 587 225, 709 221, 291 224, 837
27, 440 27,045 26, 575 31, 555 32,187 32,801
209, 251 200,187 210,011 208, 313 208, 484 211, 706
52, 038 32, 265 39, 495 41, 836 35, 221 39, 677

275, 511
220, 492
30, 607
203, 800
41, 020

April

May

June

July

357
210
93

368
211
106

355
213
93

343
204
93

348
201
111

23, 936 22, 001
23, 762
.965
.969
961
1,223 ; 1,491 | 1,346

23,198
.963
1, 234

27, 793
.966
1,343

23, 472
1.015
1,377

25, 260
1.007
1,340

25, 212
.994
1,612

24, 257
1.011
1,778

262
0
2,087
846
0
0
2,455
0

112
0
2,124
979
0
0
2,035
0

217
0
2,465
1,119
0
0
2,435
0

250
140
2,291
1,038
54
13
2,534
254

274
550
2,303
1,008
979
5,745
2,392
1,287

243
557
1,769
835
901
7,901
2,151
1,236

206
519
1,936
770
977
7,522
2,194
1,334

6,990
2,403
1,273
261

222

120 i
1,088 i

» 113
944

235
0
2,192
922
6
172
2,405
131

258,
208,
27,
195,
30,

375
225
94
248, 439
201, 661
25, 377
188,591
29, 281

222
97
429

August

March

006
780
200
849
931

281
664
1,950
964
775
3,014
2,477
1,070

299
593
2,126
1, 082
1,041
7,154
2,394
1,353

584
5,691
3, 666
2,025

441
253
136

1934

COMMUNICATIONS—Continued

257, 676 245, 330
209, 912 191, 667
24, 972 29, 312
191, 824 187, 081
37, 566 37, 764

342
603
835
694
265

213
P100
963

AND

December 1934

158

31

133

174

248

280

282

97
1,075

106
1,387

65
1,277

70
531

82
1,427

90
1,404

106
1,592

101
1,683

109
1,030

659

705

824

78

918

698

5,211
3,274
1,937

4,509
2,841
1,668

5,996
3,818
2,177

6,023
3,859
2,165

4,354
2,888
1,466

4,201
2,725
1,475

151,135 147, 987 172, 854 355,726
4,460
3,386
3,439
3,834
50, 413 35. 667 26, 711 28, 170
19, 356 13, 492 10,411
10, 783

147, 623
3,004
27, 624
10, 476

897
4,717 I 4,860
3,123 j 3,098
1, 594 I 1, 762

5,739
3,492
2,247

223
627 i

25, 885

214
465
924
6,145
2,303
1,171

599
6,541
5,855
4, 260 I 3, 666
2, 282 ; 2,188

135, 354 150, 383 153, 331 170, 275 163, 342 198,902 206, 327
3,655
4,118
2,399
2,699
4,189
2, 451
3,660
22, 606 31,415 35, 899 43, 292 48,172 54,835 ! 44, 728
8,717 12, 374 14, 409 17,897 18,153 21,358 j 18,875
2.84
2.86
2.74
2.98 i
2.83 | 2.88
2.91
54
52
54 ;
58
57
57
54 I
20,795 I 22, 249 19, 479 18, 213 24,065 49,341 i 43, 927
14,899 22, 349 18, 003 18,984 26, 642 48,696 i 37, 533
3,515
3,033
2,730
2,343
4,004 I 4,710
2,304
2,975
2,432
3,126
2,777
3, 785 I 3,585
2,324
12,
294
10, 946 19, 760 24, 279
7,591 ! 5,599
6,541

2.96
61

2.93
57

2.97
53

2.86
51

2.85
58

2.95
57

5, 059

25,675
23,285
3,856
3,004
4,790

| 13,179
I 14, 597
! 3, 232
i 2,251
j 4,601

11,979
10, 707
3,187
2,324
3,922

11,848
13, 936
2,907
1,843
5,409

15,334
18, 433
2,077
1,714
4,190

75,140
19, 933

44, 464
10, 205

43, 510
8,346

57, 526
9,344

81,707
12, 453

1,256
3,526

1,054
2,749

36,120
7,761
1,333
3, 552

1,306
3,722

1,132
3,385

1,227
3,740

1,212
3,488

1,122
3,334

80, 395
54, 250
19, 219
56, 209
16, 571
14, 444

79, 242
53, 830
18, 421
56, 767
15, 017
14,448

80, 662
54, 229
19, 818
58,777
15, 609
14, 449

81, 563
55,012
19, 657
56, 803
16, 714
14, 483

533
220
341
780
799
523

82, 615
55, 015
20, 507
57, 763
16, 621
14, 581

81, 785
54, 862
19,833
56, 414
17,416
14,635

83, 349
55, 428
20, 799
58, 564
16, 220
14, 685

8,663
6,562
7,627
625

8,249
6,147
7,557
284

9,076
6,970
8,101
561

8,760
6, 669
7,750
605

8,276
6,272
7,360
513

9,557
7.396
7,925
1,222

8,910
6,887
7,768
734

9,523
7,397
8,168
943

78,
53,
18,
54,
15,
14,

25,402
.985
1,854

81, 939 132, 030 287, 721 570, 295 531, 734
15, 291 31, 626 78, 928 145, 887 163,074
1,303
3,978

1,280
3,710

1,403
3,928

1, 354
3.892

9,477
7,372
8,154
910

8,750
6,718
7,961
381

9,324
7,226
8,024
895

8,686
6, 657
7,664
620

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
6,760
5,589
6,448
7,172
thous. of wine gal
13,502 10,
10,781
781
7,172
5,125
6,103 5,228
10,048
5,125
5,680
5,398
6,103
5,691
6,192
5,
540
6,
731
6,943
Productionthous. of wine gal
12,771 12,072
5,691 5,264
6,192
5,540
6,731
9,841
5,456
5,259
5,870
Stocks, end of month..-thous. of wine gal
1,316.
1,114
1,245
1,298
1,059
1,076
1,580
1,527
1,801
1,978
1,763
2,602
1,114
1,580
1,
527
1,801
1,978
1,245
1,298
1,059
1,076
Ethyl:
13, 702
12, 998
Production..
thous. of proof gal
16,509
15,979
15,396
13,756
13,810
12,313
12,731
13,478
13, 478
12,998
13,702
13,823
15,636
15, 396
13, 756
13, 810
12, 313
12, 731
Stocks, warehoused, end of month
27, 971
thous. of proof gal..
18,948 13,
13,025
15,606
20,642
21,590
24,375
25,893
27,971
28,967 29,788
27,094
025
17,184
25, 893
15,
606
20,
642
21,
590
24,
375
Withdrawn for denaturing
359
11,
684
9,248 I 11,
624
thous. of proof gal..
21,775 20,
20,624
8,776
8,776
8,325 i 9,032
8,666 10,148
11,359
11,684
16,456
8,325
8,666
9,668
a
Revised,
p Preliminary.
* New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles
flown from 1930 to 1933 see p. 20 of the February 1934 issue. Data on miles flown and express carried from 1926 through 1933 will be shown in a subsequent issue.
f 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.
# Preparation of report turned over to Federal Communications Commission which has not yet compiled its initial report.




37

SURVEY OF CURRENT BUSINESS

Decemberl934
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

1934

1933

DecemOctober October November
ber

January! ™J°-

March

April

May-

June

July

August

September

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS-Continued
Alcohol—Continued:
Methanol:
Exports, refined
gallons.
Price, refined, wholesale, N. Y.dol. pergaL
Production:
Crude (wood distilled) * t A ---gallons_
Synthetic
gallons.
Explosives:
Orders, new*
thous. of lb.
Sulphur and sulphuric acid:
Sulphur, production (quarterly) •Jong tons.
Sulphuric acid (104 plants):
Consumed in prod, of fertilizer.short tons.
Price, wholesale 66°, at works
dol. per short ton.
Production
short tons.
Purchases:
From fertilizer mfrs
short tons.
From others
short tons.
Shipments:
To fertilizer mfrs
short tons.
To others
..short tons.

41, 941
.38

26,892

55, 553
.37

96, 293
.37

57, 259
.38

38, 556
.38

52, 612

312,085 327, 337
,643,040 1,099,249

342, 307
754,980

324, 063
897, 294

298,165
922, 551

256,136
939,439

26, 958

24,231

24,812

23, 384

25,084

23, 256

77, 732

253,612
260,402
951, 834 1, 079,910
26, 063

289, 089

15. 50

44, 937
.38

25, 489
314,199

160, 688

154, 205

107, 842

83, 969

80, 214

83, 079

77,404

84, 993

15.50
158, 406

15.50
155, 407

15.50
119,619

15.50
107, 568

15.50
92, 894

15.50
88, 049

15.50
97, 478

15. 50
115, 309

27,126
31, 693

34, 589
33, 680

5,735
18, 793

3,441
26, 577

7,411
25, 951

13,048
17,060

21,13611,965

23,276
36,270

23,994
33, 728

14,312
25,894

10, 242
25, 783

14,596
21,991

28,111
29,587

31,056
23,594

•101
116, 584
9,059
102, 986
763
123, 390
70, 729
29, 652
5,677
44, 548

65
117,954
11,813
102,115
281
119,527
60,106
13, 762
7,351
48, 685

26
83, 382
4,577
75, 600
273
69, 285
43, 576
10, 976
1,495
19, 265

126,110
16, 553
108, 475
405
48, 442
18, 535
150
1,541
25, 845

101
109,982
29, 591
76, 987
174
69,176
24,666
931
3,141
38,963

FERTILIZER
Consumption, Southern States 1
thous. of short tons.
Exports, totalf
long tons_
Nitrogenousf
long tons_
Phosphate materials!
long tons_
Prepared fertilizers
long tons.
Imports, totalf#
long tons.
Nitrogenousf
long tons_
Nitrate of sodaf
long tons.
Phosphatesf
long tons.
Potashf
long tons.
Price, nitrate of soda, 95 percent, N. Y.
dol. per cwt.
Superphosphate, bulk:
Production
short tons.
Shipments to consumers
short tons.
Stocks, end of month
short tons.

126
135, 588
27, 121
104,143
350
81, 560
31,579
1,212
1, 786
44, 422
1.275

499
109,938
14,240
91, 639
52
121,845
70, 739
17, 343
2, 309
47, 293
1,350

1.350

285,762 ! 232,936
161,372 I 209,026
976,775 ' 806,914

168, 509
85, 508
820,096

274,095 i 269, 719 | 243,196 I 305,445

306, 375

4.85
90, 474
211,422

4.84
81,896
209, 218

4.05
81, 627
210,771

4.66
39, 219
171, 263

5.38 !
5.44
5.56 !
5.49
32,640 | 59,443
69,496 | 97,905
152,569 S 142,574 156,447 | 161, 001

44,821
65, 957

43,197
71, 058

40,433
73,151

46, 850
83, 007

46,016
86, 492

43, 753
89, 963

.44
24,479
79, 616

.47
18, 535
80, 383

.47
17, 352
81,269

.52
4,985
68, 786

.62
2,639
54,138

6,929
11, 526

6,880
14, 078

6,916
16,433

7,970
18, 020

7,892
17,859

150,070
584,471
362,129

234
53, 935

157 |
51 \
113, 752 105,285 I
2,646
5,064
106, 354
96, 262
426
164
103, 723
66, 707
71,057
44, 164
39, 321
10,564 I
5,847
1,910 I
17, 310
13, 355 !

1. 295

320, 307 ! 334, 457 ! 322, 783 ! 328, 345 295, 334
74,090 ! 20,042 i 18,329 i 40,552
59, 466
861,546 '1,011,529 1,089,179 1,130,174 1.124,243

NAVAL S T O R E S
Pine oil:
Production
gallons.. 300,544
Rosin, gum:
5.42
Price, wholesale " B " , N . Y_..dol. per bbl.._
Receipts, net, 3 ports
bbl. (5001b.).. 92, 482
Stocks, 3 ports, end of month .bbl. (500 lb.)._ 260, 040
Rosin, wood:
Production
bbl. (500 lb.) — 39, 785
Stocks, end of month
bbl. (5001b.)-. 109,812
Turpentine, gum:
.52
Price, wholesale, N. Y
dol. per gal._
Receipts, net, 3 ports
bbl. (50gal.)_. 25,161
Stocks, 3 ports, end of month.bbl. (50 gal.)-. 86, 020
Turpentine, wood:
6,288
Production
bbl. (50 gal.)._
Stocks, end of month
bbl. (50 gal.) — 18,504
OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts (quarterly):
Animal fats:
Consumption, factory
thous. of lb__
Production
thous. of lb._
Stocks, end of quarter
thous. of lb._
Gelatin, edible:
Production..
thous. of lb_.
Stocks, end of quarter
thous. oflb_.
Greases:
Consumption, factory
thous. of lb._
Production
thous. of lb_.
Stocks, end of quarter
thous. ofIb._
Lard compounds and substitutes:
Production
thous. of lb__
Stocks, end of quarter
...thous. of l b , .
Fish oils (quarterly):
Consumption, factory
thous. oflb__
Production
.thous. of lb._
Stocks, end of quarter
thous. of lb-_
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)
thous. of lb-.
Exports
.thous. of lb,_
Importsf#
thous. of lb__
Production (quarterly)
thous. of lb__
Stocks, end of quarter:
Crude
thous. of lb._
Refined
thous. of lb_.
Copra and coconut oils:
Copra:
Consumption, factory(quar.).short tons..
Imports#
short tons..
Stocks, end of quarter
short tons..

I
1.295 I

358
60, 390
10, 227
48, 304
11
140, 327
95, 509
33, 690
3, 521
37, 242

2,232
86,451

5,223
90, 331

1.350

1.350

1.275

153,236 ! 147, 084
9,711
21, 463
839,680 871, 093

152,566
21,831
875,320

188, 007
108, 752
880, 238

1. 350 |

2,242

312,375

5. 46
102, 417
171, 805

5.31
116,019
200,649

5.31
109, 234
218, 256

5.30
89, 289
244, 968

45,454 ! 43, 243
90,329 ! 98, 080

38, 554
98, 558

37, 037
105, 286

38,537
105,887

43,095
108,933-

.59
8,721
46, 010

.59 |
17,315
46,465 I

.56
24, 658
42, 570

.51
27, 614
47, 692

.48
31,148
55,171

.46
32, 473
65, 510

.46
26, 856
71, 778

7,279
19, 253

7,729 j
7,050
20,289 1 20, 689

6,393
19, 515

5,547
19,016

5, 904
19, 078

6,798
19,817

293,589

305,273 j 293,807

177,809
692, 340
417, 599

266,020 ! 261,410 | :

190, 774
545, 950
444, 620

228,945
465, 719
382,938

3,602
8,594

4,886 !
9,561 |

3,585
8,908

1,570
6,556

50, 744
85,801
97,313

64,940 <

88,154 '
84,600 I

64, 722
90,175
75, 652

60, 992
81,954
69,600

238, 336
27, 301

240, 739
26, 599

218,114
25,133

352,965
24,964

36,092
43,936
157, 423

38,166 I
33,158
158,396 I

43,104
9,136
161,411

33, 565
68, 374
189, 492

789, 311
2,578
55,176
812, 514

4,269
91, 959

2,524
66, 010

829,229
2,138
51, 535
640,075

1,773
70,163

923
56, 668

652,544
1,034
59,694
361,986

1,034
68, 665

883
41, 302

479,873
1,161
55, 213
416, 559

i

757, 523
801, 835

5,177

32, 530

36, 312

77, 944
30,182
59,831

716,692 I
870,068 !

23, 786

18,079

21,698 !
49,190 !

530, 959
797,171

12,037

24, 519

65,439
20, 599
35, 386

548,547
502,427

3, 735

10,079

45, 000
8,624
16, 772

* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
1 Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue for earlier data.
# See footnote on p. 35 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.
t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20
of the September 1934 issue and revised data for crude methanol production for 1933, see p. 36 of the M a y 1934 issue.
•
Texas only. Louisiana produced 23 percent of United States production in 1933.
for FRASER
A The refined equivalent of crude production is approximately 82 percent.

Digitized


38

SURVEY OF CURRENT BUSINESS

9
1933
Monthly statistics through December 1931,
together with explanatory footnotes and referNovemences to the sources of the data, may be found October
ctober Ij October
in the 1932 Annual Supplement to the Survey
ber

1H

D

December 1934
1934

r^-^

February

March

April | May

June

July

September

August

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con.
Vegetable oils and products—Continued
Copra and coconut oils—Continued
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
__thons. of lb_.
Refined, total (quarterly).thous. of lb_.
In oleomargarine
thous. of lb.. 11,360
Imports#
thous. of lb_. 14,810
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:!
Consumption (crush)
short tons. 598,613
Receipts at mills
short tons_ 1,030,607
Stocks at mills, end of month.short tons_ 1,235,230
Cottonseed cake and meal:f
196
Exportsf
short tons.
Production
short tons_ 265,597
Stocks at mills, end of month^short tons. 257,409
Cottonseed oil, crude:f
Production
thous. of lb-. 183,600
97, 752
Stocks, end of month
.thous. of lb.
Cottonseed oil, refined:
Consumption, factory (quarterly)
thous. of lb_.
7,322
In oleomargarine
_-thous. of lb.
Price, summer yellow, prime, N. Y.
dol. per lb.
Productionf
thous. of lb_. 155, 437
Stocks, end of monthf
thous. of lb-. 461, 440
Flaxseed and products:
Flaxseed:
1,297
Imports, United States# thous. of bu.
Minneapolis and Duluth:
910
Receipts
thous. of bu.
234
Shipments
thous. of bu..
1, 218
Stocks, end of month
thous. of bu_.
Oil mills:
Consumption, quarterly.thous. of bu_.
Stocks, end of quarter
thous. of bu_
1.90
Price, no. 1, Minneapolis._.dol. per bu_.
Production, crop estimate.thous. of bu_ / 5,198
Stocks, Argentina, end of month
2,362
thous. of bu_
Linseed cake and meal:
Exports
thous. of lb.. 30,869
Shipments from Minneapolis
6,483
thous. of lb.
Linseed oil:
Consumption, factory (quarterly)
thous. of lb.
.091
Price, wholesale, N. Y
_.dol. per lb.
Production (quarterly)
thous. of lb. J
4, 145
Shipments from Minn
thous. of lb.
Stocks at factory, end of quarter
thous. of lb.
Lard compound:
.107
Price, tierces, Chicago*
dol. p e r l b .
Oleomargarine:
Consumption (tax-paid withdrawals)
26, 421
thous. of 1b.
Price, standard, uncolored, Chicago
dol. per lb_
!6, 517
Production
thous. of lb.

14, 687
36, 203

14,307
40, 668

133, 934
83,064
13,028
15,971

178, 399
10, 558
46, 296

12,745 I 13,599
35,816 | 22,079
I
!

98, 579
73, 395
182,822
15, 562
643, 984 583,071 443, 944 469, 444
1,128,754 860, 380 388,027 194,086
1,076,382 1,353,691 1,297,774 1,022,416

9,396 | 4,542
24, 614 29, 047

6,315 |
35,742 I

7.765
17,210

95,032
76,143

84, 291
97, 301

56,716
63, 617

192, 808
14, 792

174,154
39,886

174, 924
37, 381

344,610
107,420
504,131

176,268
46, 346
374, 209

109, 367
55,546
320, 388

92,258
52,407
280,537

99,699
42, 923
222, 761

195, 761
271,145
300,023

442,281
947, 372
803, 236

16, 494
10,119
289,880 263, 576
313,723 I 316,078

14,130
203, 772
312,458

14, 625
211,854
289,024

5,305 j
380
197,142 j 161,050
289,156 I 265, 348

203
84,241
252,625

78
51, 407
219, 637

366
41,011
175,441

91
45,738
124,572

1,195
90, 633
96,147

124
197, 694
170, 251

200, 473
146,107

181, 935
160,128

137,182
170, 430

145,007
188,940

136, 949
175, 250

112, 032
145,129

59,563
109, 328

38,462
76, 318

29,879
45, 794

31, 544
34, 400

59,322
38,670

133,970
74,034

1,777

1,938

1, 536

1,889

248,412
2,158

2,073

257, 527
3,718

4,150

6,280 i

381, 728
7,428

.042
157, 845
678, 205

.045
152,179
721, 714

.043 j
.047
120,667 i 109,978
769,102 I 781, 008

.051
134, 295
812, 754

.051
127, 447
841,139

.052
94,486
843,168

.050 !
.053
65,822 | 54,643
804,946 | 738, 542

43,529
655, 552

.068 |
48,522
543,144

.075
81,050
450,012

524
645
1,452

1.80 !
1,772 ;

252,827
1, 785 j

I

2,515
288 ;
629 !
984 j

484 |

1,031

1,524

1,690

1,144

148
91 |
1,039 |

250
81
964

118
36
983

155
58

139
208
793

1.90 i

!
1.89 !

I 6,760 •
, 2,713
1.77 ;
1.77
! « 6,806
1,575 j

2,362

56,544 | 61,009 j 56,009 '
j
!
:
8,938 i 7,405 ! 8,228 \

. 097
'

443,274
156, 696
741,321

113,731
67, 374
10,279
17, 990

! 177,236
j 72,048
10,559
30, 533

|
2,436 I

55,778
.095 i
! 133,906 ;
1,400 |
997
.096

6,299

283

6 693

43,239

37, 766

38, 080

38, 136

10,760

10, 025

9,847

5 C13

i
.093 i
i
1,679 |

! 63,712
.093 \
.093
97, 452
2,337
2, 859

.074

.066

22, 417

23,597

23,809

.094
23,664

.078
23,943

.070
21, 386

18, 944
12, 326
4,950
7,376
6,618

16, 234
11, 223
4,656
6,566
5,012

16,156
10, 576
4,418
6,158
5,580

154, 521
62, 429
66, 913

119, 733
84, 655
63,942

137, 964
79, 792
69, 745

]

806

821

695 I

959

322 I
169
696

298
113
646

162 i
98 I
628

681 !
152 |
672 |

1,230
126
1,008

1,637

5,016
1,421
1.91

1.91

4,331

5,118 ;
31,739

4,724
34,328

6,648 \

5,871

1.90

4,293
1,368
1.98

2. 05

3, 150 | 3, 543

2,756

33,441 i 32, 126 , 20,935
5,292 I

78,189 j
"3," 644'

.099
98,026
3,969 i 3,603

.073 j .074

078

.093

098

"a," 795 '

7.628 '

5,533

61,218
.094
85,038
2, 774 ; 4,163

I 128,413

160, 791

157,724
.069

5, 156
2,051
1.82

3,369 !

I 109,367

.073

.074

.073

16,861

21, 350

22, 083

16,146

20,063

13,870

15,847

.070
17, 870

.070
21, 572

.080
23,616

.073
18,023

.070
18,266

.078
13,986

080
363

20, 644
13,486 j
6,015
7,471
7,158

17, 715
11,895
5,639
6,256
5,820

23,193
15, 610
7,105
8,505
7,583

27, 769
18,436
7,590
10, 846
9,333

33, 679
22,172
8,092
14, 080
11,507

28, 794
18, 944
7,630
11,314
9,851

23, 484
15, 910
7, 449
8, 461
7, 574

24,351
16,081
6,579
9,502
8,270

22, 234
14,177
5,268
8,909
8,058

140,743 ! 271,929 322, 583 277, 547 211, 782
45,136 44, 706 39, 825 25, 782 21, 330
69,406 70, 783 93, 204 77, 454 63, 442

235,325
25, 292
71, 299

259,136
27, 314
71,828

25, 736

27, 545

.080 I .090
22,026 j 26,842

PAINTS
Paints, varnish, and lacquer products:§
Total sales
thous. of doL.
Classified
thous. of doL_
Industrial
thous. of dol..
Trade
thous. of dol._
Unclassified (273 estab.)
thous. of dol_.
Plastic, cold-water paints, and calcimines;
Sales:
Calcimines
dollars.. 274,366
Plastic paints
dollars.. 30,807
Cold-water paints
dollars-_ 78, 496
CELLULOSE PLASTIC PRODUCTS

134,418
61,446
54,049

118,811
49,437
50, 452

I

Nitro-cellulose:*
Sheets, rods, and tubes:
1,152
1,387
909
973
841
1,131
965
Production
thous. of lb._
1,435 j 1,384
778
715
798
948
1,046
1,094
1,277
1,026
1,252 I 1,085
1,069
872
Shipments
thous. of l b . .
956
1,221
930
946
748
Cellulose-acetate:*
Sheets, rods, and tubes:
512
449
207
258
325
358
436
405 |
301
375
Production
thous. of lb_.
317
510
393
279
512
218
418
383
Shipments
thous. of lb_.
409
351 I
220
265
352
377
558
415
• Dec. 1 estimate.
/ Oct. 1 estimate.
* For earlier data on lard compound price see p. 18 of the January 1933 issue. Data not available for cellulose products prior to January 1933.
| Revised series. For year ended July 1932 see p. 20 of the February 1933 issue, and year ended July 1934 see p. 38 of the November 1934 issue, revisions for each month of 1933
were shown when monthly data for 1934 became available, cottonseed, and for the year of 1932 see p. 37 of the June 1933 issue, exports of cottonseed cake and meal. Data
revised for 1933; see p. 19 of the September 1934 issue.
8 Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.
# See footnote on p. 35 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.




39

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and refer- |
ences to the sources of the data, may be found i nu c ft 0KD e r October Novem- Decemin the 1932 Annual Supplement to the Survey |
ber | January
ber

CHEMICALS AND ALLIED
ROOFING
Dry roofing felt:
Production
Stocks, end of month
Prepared roofing, shipments:
Total
Grit roll
Shingles (all types)
Smooth roll

short tons, short tons.thous.
thous.
thous.
thous.

squares. _
squares.squares..
squares..

2,371
583
638
1,095

1934
February

March

April

May

June

July

August

September

PRODUCTS—Continued

14,322
4,341

10, 819
4,499

7, 352
5,003

8, 868
8,037

7,722
6,647

13,817
6,350

19, 816
5 072

19, 945
4,677

17,021
6,324

15, 667
6,411

2,582
555
480
1,547

1,561
329
342
890

830
168
157
505

1,046
215
144
686

1,006
223
178
605

2,161
420
412
1,329

2 873
536
727
1 610

2,334

1,265

587
656

326
388
551

1,941
545
460

1,091

ELECTRIC POWER AND GAS
ELECTRIC POWER
Fuel consumed in production of electrical
energy. (See Fuels.)
Production, totalt
mills, of kw.-hr.
By source:
Fuelsf
mills, of kw.-hr..
Water powerf
mills, of kw.-hr.
By type of producer:
Central stations!
mills, of kw.-hr _
Street railways, manufacturing plants, etc.
mills, of kw.-hr.Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.)
mills, of kw.-hr..
Domestic service
mills, of kw.-hr
Commercial—retail
mills, of kw.-hr
Commercial—wholesale, .mills, of kw.-hr
Municipal and street lighting
mills, of kw.-hr
Railroads:
Electrified steam
mills, of kw.-hr
Street and interurban...mills, of kw.-hr.Revenues from ultimate consumers (Edison
Elec. Inst.)
thous. of doL.

7,815

7,479

7,243

7,470

7,631

7,049

7,717

7,443

7,683 |

7,472

7,605

» 7, 710

•7,199

5,124
2,691

4,854
2,625

4,725
2,518

4,736
2,734

4, 662
2,970

4, 751
2, 298

4,642
3, 075

3, 955
3,488

4,465
3,218

4,779
2,693

5,005
2,600

» 5, 234
» 2, 475

a

7,026

6,788

6,990

7,147

6,571

7,263

7,195

7,040

7,176

' 7, 318

« 6,838

453

455

480

484

478

454

462

488

432

429

5,780
1,003
1,068
3,068

5,716
1,081
1,102
2,862

5,691
1,147
1,138
2,662

5,911
1, 244
1,162
2,748

5, 766
1,123
1,085
2,831

5,796
1, 056
1, 046
2,971

5,842
1,026
1,059
3,119

5,808
956
1,060
3,212

191

197

212

222

202

191

176

5,882
5,917
973
967 1
1,035 I 1,049
3,273
3,293 !
|
144
168 I

58
332

59
353

62
396

59
356

57
349

153,930

162,070

62
388
154,832

66
413

150, 390

63
387
156,127

149,780

149,852

147,915

9,902
9,387
68
438
28, 214
21, 017
836

9,880
9, 355
78
437
29, 382
20, 254
2,484

9,856
9,328
81
438
31,054
20, 577
3,659

9, 859
9,320
89
441
33,143
21,417
4,562

9, 876
9, 335
91
441
33, 425
20, 905
4,833

9, 861
9,318
88
445
33,841
21,201
4,592

6,179

6,443

6,636

6, 945

7,481

7,848

31, 705
25, 716
621
5,241

31, 961
24, 709
1,644
5,476

32, 936
24, 877
2,346
5,577

34, 527
25, 727
2,895
5, 757

34, 242
25,128
3,019
5,950

34, 481
25, 394
2, 851
6, 094

32,869
24,684
2,152
5,900

j 32,313
j 25, 224
! 1, 298
| 5,669

5,387
5, 109
276
61, 679
15,135

5,463
5,164
298
74,393
23, 838

5,445
5,145
299
80, 300
31, 406

5,483
5,175
306
93, 222
39, 238

5,500
5,191
307
94, 349
38, 402

5, 504
5,193
309
92,177
37, 879

5,492
5,189
301
83, 073
29, 756

45, 882

49,753

47, 761

53,080

54, 836

52, 898

20,874
12, 296
8,467

25,911
16, 434
9, 335

29.865
20, 271
9,398

35, 406
24, 850
10, 388

34, 815
23, 814
10,812

34, 085
23,382
10, 498

407

55
338

• 4, 807
2, 393

392

361

5,982 |
957 I
1,080
3,337

5,774
1,024
1, 111
3,034

150

167

180

54
324

54
334

55
323

147, 337 146, 529 148, 464 | 150,196

GAS
Manufactured gas: *f
Customers, total
thousands.
Domestic
thousands- House heating
thousands_ _
Industrial and commercial
thousands..
Sales to consumers
millions of cu. ft_.
Domestic
millions of cu. ft._
House heating
millions of cu. ft._
Industrial and commercial
millions of cu. f t . .
Revenue from sales to consumers
thous. of doLDomestic
thous. of doL.
llouse heating
thous. of dol..
Industrial and commercial...thous. of dol._
Natural gas:*f
Customers, total
thousands..
Domestic
thousands -.
Industrial and commercial
thousands..
Sales to consumers
millions of cu. ft..
Domestic
millions of cu. ft-.
Industrial and commercial
millions of cu. ft_.
Revenues, from sales to consumers
thous. of dol.Domestic
thous. of doL.
Industrial and commercial.__thous. of doL_

I

9,911
9,364
93
443
31,886
20, 484
3,348 j

9, 971
9,425
95
440
30,149
20, 871
1, 060

7,872 | 7,460

10, 004
9, 461
91
441
28, 657
20,441
670

9,996
9,457
87
441
25,358
18, 021
317

1
10,014 i 10,057
9,474
9, 514
89 !
95
442
440
24,862
27, 575
17, 607
20,189
274
430

7,404

6,846

6,846

6,792

31,351
25, 162
540
5,549

! 28,196
| 22, 639
!
289
| 5,165

27, 470
22,017
256
5,088

30, 615
24, 898
388
5,219

5,478
5,184
292
72,127
21,143

5,484 | 5, 435
5,199
5,155
283
278
66, 509 59,115
15,106
11,256

5,466
5,188
276
58, 618
10,331

5, 515
5,234
280
63, 779
12,180

52, 340

50,143

50, 523

46,865

47, 260

50, 583

29, 418
19, 254
9,996

24,170
14, 799
9,236

21,020
18,098
11,851
9, 804
9,035 j 8,135

17,698
9,299
8,252

19, 328
10, 387
8, 793

3,512
3,271
6,270

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
thous. of bbl.
thous. of bbL
Production
Stocks, end of month. _
thous. of bbl.
Distilled spirits:*
Consumption (tax-paid withdrawals)
thous. of proof gal.
Whiskey
.-thous. of proof gal.
Production, total
.-thous. of proof gal.
.-thous. of proof gal.
Whiskey
Stocks, end of month.. .-thous. of proof gal.
..thous. of proof gal.
Whiskey. _

2,039
2,292
4,460

1,678
1,918
4,585

2,165
2,119
4,403

2,008
2,494
4,762

1,865
2,422
5,218

2,625
3,263
5,675

2,855
3,703
6,325

3,796
4,455
6,718

4,550
4,826

4,939
5,075
6,797

"4,567
• 4,708
6,692

« 273
159
2,311
2,074
25, 464
22, 695

1,269
965
2,311
2,074
27, 582
24.917

4,337
3,753
5,769
4,794
28,695
25,850

3,418
2,828
7,345
6,567
32, 280
29, 269

2,281
1,893
7,970
7,211
37, 992
34, 496

2,780
2,376
10, 281
9,009
45, 766
41, 326

2,405
2,124
9, 635
8,828
51, 404
46, 386

2,381
2,097
9,334
8,695
58,137
52,859

2,366
1,974
8,158
7,600
63, 351
57, 962

2,747
2,210
8,814
8,182
68,872
63,422

3,429
2,828
8,838
8,170
73,841
68,343

DAIRY PRODUCTS
Butter:
Consumption, apparent*
thous. of lb._ 144,961 l144,631 134, 709 138, 550 147, 530 145,476 144,107 136, 671 159,369 I 138, 657 133,067 150, 881
137, 487
Price, N. Y., wholesale (92score)-dol. per Re.24
.24
.27
. 20
.25
.20
.24
.25
.24
.25
.24
.26
production (factory) t
thous. of l b . . 130, 861 129, 689 112,413 111,763 112.430 106, 448 122, 746 133, 218 174,692 |181, 759 171,682 162, 589
141, 809
Receipts, 5 markets
thous. of lb._ 49, 928 50, 801 47,955 49,226 45,882 40, 888 50, 520 47, 206 61,499 j 63,812 61, 251 57,881
49, 392
Stocks, cold storage, creamery, end of month
thous. of lb_. 111,033 160,463 138,166 ! 111,249 | 75,995 ! 36,853 • 15,351
11, 838 27,161 j 70,148 108, 748 | 120, 467 «125, 047
« Revised.
* Now series. For earlier data see p. 19 of the May 1933 issue, manufactured and natural gas, and p. 19 of the June 1933 issue, butter consumption. Monthly data on
distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933.
t For revised data for electric-power production for 1932, see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; for manufactured gas for 1932
1933 and natural gas for 1931, 1932, and 1933, see p. 20 of the May 1934 issue; for butter production for 1931 see p. 20 of the January 1933 issue.
Digitized forami
FRASER



40

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1 9 3 4
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- D ee cc eemm "! January Februb e r
in the 1932 Annual Supplement to the Survey
ber
ary

FOODSTUFFS AND

1934
March

April

May

June

45,459
3,676
.13
44, 897
33, 788
10, 553

59,854
3,936
.14
61,754
47,563
15,029

45,352
46,932
3,897 3,213
.15 .13
66,545
62,682
53,222
49,106
14, 392
16,487

65, 450
52, 217

71,469
58,073

96,960
79,925

20, 532
152, 401

4.85
2.70

24,907
188, 688
544
1, 615
4. 85
2. 70

4,937
5,924

8,458
9, 239

July

August

4,609 .

6,657 j

5,325

1,314 j

151 j

514

4,854 : 5, 757
502

690

597
4,053

117,115
4,225
36, 732

115,842
97,018

54,874 j
3,511
.15 j
57,887 I
44,650 |
17,257 |
122,495
103,805

:«156, 988 I
2,825 !
14,635

1,283 j
8,694 I
.43
.44

408
3,924

4,411
14,102

3,026
13, 362

167
4,163

244
« 4, 662 J

10,105 9,921
13, 912
17,156

151,691 ! 153,149 I 205,545

.45
.50

.45 |
.49 j

.43 j

.47
'2,343,883
16,622
21,840
7,921
13, 729
69,334
64, 045

4,168 j

3,461

82
.34

123
.35
• 731, 524
~~4~l56~
3,390
47,818
46, 503

7

8,688
68, 067
74
.37

5,184 ;

6,332

27,988 | 24,004

j

2,254 | 1,387
1, 055
13, 039
2, 933
2.013 I

392 i
12,303 I
3,031 |
1. 762 j

1,145 \

1,897 10, 405

10,140 ! 8,128
2,872 | 1,303
1.541 j

7,051 '
2,342 i
.894

1.006
"14,761

1.200

~21,~467"i

6,220

5,182

1,884

759

3,371

425

408

139

165

789

3,509
6,946

247
5, 562

209
4,690

371
5,271

248
6,738

518
5,721

0)

0)
.55

8,632
9,471
57, 396

.57
.62

"~8,"072" ""97579
11,353
15,877
46,808
38,518

95
.32

68
.35

"5,662'

• 4, 092
5,851
3, 682

25,687 j 18,748 I 11,513

"I9~763~i

3,813
8,317

.36

• 9, 476
15, 891

17, 758 18,793 | 19,168 i 20,766
19,291 !
103, 395 111,196 110,931 ; 110,460
103,331
103,812 !
209
319 !
309 i
376
316
11,601 « 11,090
10, 923 12,670 I 14,691 ' 13,184
27,648 | 35,003 i 40,315 i 43, 007 42,838 M l . 794

3,502
9,301

~14~458"T "l2,"800"
9,017
6,812 I
68,384
65, 682

127, 363
• 108,624

167, 864 I 175,129

3,900

2,678
10,911

.45
.51

1

9,210
17,432

37,908 I 35,202 | 31, 899

3,574
12, 207
0

50,163
4,063
.14
51,206
38,205
12,840

19,425 I 16, 226
22,103
16,997
210, 750 190,089 175,125 ! 146,130
1,276
1,261
797
2, 562
3, 278 5,066 I 2,759
4. 85
4. 85
8.85
4.85
2.70
2.70
2. 70
2. 70

.81
.91
2,974
15,665

September

TOBACCO—Continued

1 DAIRY PRODUCTS—Continued
I
Cheese:
i
44,284
44,371 ! 47,833
Consumption, apparentf
thous. oflb._ 61,136 <* 48, 631 39, 978 37,182
4,524
4,460
3,830
4,988
2,823
3,902 i 4,757
Imports#
thous. of lb__
.14
.15
.13
.13
.13
.17 i
Price, No. 1 Amer. N . Y
dol. p e r l b . .
.13
Production (factory) t
thous. of lb__ 47, 464
36, 494 24, 410 25, 742 28, 436 28,962 | 37, 541
18,027
19,234
American whole milkf
thous. of lb_. 33,732
28,006
19, 821 21,536;! 28,234
9,938
10,771
10, 747 13, 788 12,366
12,709
Receipts, 5 markets
thous. of l b . . 14,277
Stocks, cold storage, end of monthf
thous. oflb._ 118,043 109, 655 99, 009 91,970
78, 789 67,819 j 62,153
49,856
American whole milkf
thous. of lb_. 102, 873 95, 831 85,146
77, 773 65, 476 54,934
Milk:
Condensed and evaporated:
Production :f
19,232
13,766
14,708 ! 15,836
13,015
16,989
Condensed (sweetened)
thous. of l b . . 16,691
73,039
84,972 j 99,073 100,272 | 131,719
Evaporated (unsweet'ed)§..thous. of l b . . 138,107 109,754
Exports:
322 |
251
286 j
253 :
201
476
Condensed (sweetened)
thous. oflb._
553
3, 324
3,545
Evaporated (unsweetened).thous. of lb._
1,927
1,843
2,800 j
2,597 j 3,421
Prices, wholesale, N. Y.:
4.85 i 4.85
4.85
4.73
4.73
4.85
Condensed (sweetened)...dol. per case..
4.73
2.70
2.70
2.70
2.70
2.70
Evaporated (unsweet'ed)-.dol. per case..
2.70 !
2.70
Stocks, manufacturers, end of month:
Condensed (sweetened):
5,943 ! 4,918
9, 413
10,523 I 9,813 i 9, 664
7, 657
Bulk goods
thous. oflb._
4,774 i 4,875
13, 198 ! 10,783
6, 394
Case goods
thous. of lb_. 13, 555
9,137
Evaporated (unsweetened):
Case goods.
thous. oflb-. 215, 700 234,665 225,040 [ 210,407 ; 167,074 112,936
99,176
Flukl milk:
Consumption in oleomargarine
thous. of lb_.
6,165
5,334 ! 5,765
5,682
4,313 | 5,041
5,106
Production, Minn, and St. Paul
35,021 | 33,813
thous. of lb__ 24,174
25,074 | 26,300 j 31,349
38,665
Receipts:
16, 250
18, 216
18,617 j 17,604
16,713 j 17,328
Boston, incl. cream
thous. of qt__
111,298 j 104,901 106,185 ; 104, 575 96,427 107,667
Greater New York*
thous. of qt-_
Powdered milk:
162
215 !
351
316
163
Exports
thous. of lb._
130
190
10,131 j
11, 19;
9,30!)
9, 732 10, £
Orders, net, new
thous. of lb._ 11,411
20,332 ! 9,512
30, 100 29, 372 24,920 , 25,00(5
Stocks, mfrs. end of mo
thous. of lb__ 40, 630
FRUITS AND VEGETABLES
Apples:
• 142, 981 :
Production, crop estimate
thous. of bu_. \f 120,247
16, 509 j 9, 170
6,856 i 6, 806
Shipments, car lotf
carloads.- 17, 742
4,722
4, 367
Stocks, cold storage, end of month
8,376 j 7,135^ 5,474 j 3,858 2,131
7,515
thous. of bbl._ 10, 152
7, 394
15,785
8, 292 10,822 13,604!: 14,409 j 11,741
Citrus fruit, car-lot shipmentsf
carloads..
3, 514
2.018 ' 2, 195
2,605
' '.! 1, 971
3, 328
2,125
Onions, car-lot shipments!
carloads..
Potatoes:
.948
2.017
1.965 ; 1.997 ; 2.195 i 2.506
Price, white, N. Y
dol. per 100 lb._
2. 388
'320,353 i
Production, crop estimate
thous. of bu._ / 383,105
i
;
21,902
13,685 1 12,247
Shipments, car lotf
carloads._ 21,627
~21~748~ 17," 158 ~~23,~634
GRAINS
Exports, principal grains, including flour and
mealf
thous. of bu._
2,169
2,884
Barley:
283 I
Exports, including maltf
thous. of bu._
582
Price, no. 2, M i n n . :
Straight*
dol. per bu._
1.02
Malting*
dol. per bu._
1.10
Production, crop estimate
thous. of b u _ . / 122.240
5, 484
Receipts, principal m a r k e t s * . . . t h o u s . of b u _ .
4,315 i
15, 692
Visible s u p p l y , end of m o n t h * . t h o u s . of bu._ 13,525
Corn:
Exports, including mealf
thous. of bu._
5, 761
Grindings
. . t h o u s . of b u . .
5,302
Prices, wholesale:
No. 3, yellow (Kansas City)__dol. per bu._
.80
.38
No. 3, white (Chicago)
dol. per b u _ .
.82
.42
Production, crop estimate
thous. of bu._ '1,371,52;
Receipts, principal markets
thous. of bu— 16,157 *26,~6l6'
Shipments, principal m a r k e t s . . t h o u s . of b u . . 12, 372
17, 887
Visible supply, end of m o n t h # _ t h o u s . of b u . . 58, 683
61, 462
Oats:
Exports, including o a t m e a l t - - - t h o u s . of b u . .
71
105
Price. n o . 3, white (Chicago)
dol. per bu._
.32
.52
Production, crop estimate
thous. of bu._ / 545,938
Receipts, principal markets
thous. of b u _ .
4,516
Visible supply, end of m o n t h * . . t h o u s . of b u . . 22, 627 48, 642
Rice:
78.296
Exportsf
pockets 100 l b . . 61,164
Imports*
pockets 1001b.. 44, 645
15,169
Price, wholesale, head, clean, N e w Orleans
dol. per l b - .
.039
.036
Production, crop estimate
thous. of b u . . / 37, 365
Receipts, southern p a d d y , at mills
1,974
2,094
thous. of bbl. (1621b.)Shipments to mills, total
thous. of pockets (100 lb.)_.
993
New O r l e a n s . . t h o u s . of pockets (100 l b . ) . .
112
47
Stocks, domestic, end of m o n t h
thous. of pockets (100 lb.)_.
2,189
2,373 j

December 1934

0)

.66

~26,~568
13,610
44,830

. 95 j
1.00 !

0

3,388
743
1.07
1.16

8,556
9,006

8,595
12,403

471
6, 539

357
4,839

.78
.76

.81

~41~447*
17,488
60,451

81
.43

76
.45

69
.49

18,685
10,448
62,407

3,938
44, 696

~"4,~629~
42,307

3,050
38,011

"~2," 736
32,902

26, 205

,8
22, 524

~~3,~ 388
21, 445

"~7,~231
24,605

4,886
24,241

41, 267
52, 973

89.197
59,149

75,296
58, 464

59,421
46,173

31,328
47, 313

.039

.039

.039

.039

79, 288
27, 494

96, 097
22, 861

104,951
15, 338

87, 639
22,150

142, 504
35, 581

58,656
44, 493

.038

.039
• 35, 619

.039

.039

.039

.039

.039 1

1,100

426

721

932

496

191

191

183

153

773

573

910
67

853
63

746
64

436
52

417
57

525
35

483
71

836
555
78

747
86

1,083
2,632
972
2, 488
2,215
1,896
2,767 | 2,648
1, 575
1,267
2,439
1
Revised.
« Dec. 1 estimate.
/ Nov. 1 estimate.
Prices not available.
* New series. For earlier data see p. 20 of the November 1932 issue, barley, receipts of milk in Greater New York, p. 20 of the August 1934 issue. Since the division of
no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1, 1934, prices for each grade have been reported separately.
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk cheese, p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,
September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1933, car-lot shipments of apples, citrus fruits, onions, and
potatoes, p. 39, April 1934. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total), barley, corn, and rice by months, see p. 20 of September 1934 issue.
# See footnote on p. 35 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.
§ Bulk evaporated milk not included since December 1931.
• Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.




a

41

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January February
in the 1932 Annual Supplement to the Survey
ber
ber

1934
March

April

May

June

July

August

September

FOODSTUFFS AND TOBACCO—Continued
GRAINS—Continued
J
Rye:
j
0
Exports, including
flour
thous. of bu_.
.76
Price, no. 2, Minneapolis
dol. per b u . j
Production, crop estimate
thous. of bu.J 17, 261
1,502
Receipts, principal markets*---thous. of bu..
Visible supply, end of month*--thous. of bu.-i 12, 323
Wheat:
j
Exports :f
Wheat, including
flour
thous. of bu-J 1,923
Wheat only
thous. of bu_57
Prices, wholesale:
No. 1, Northern, Spring, Minn.
dol. per bu_.
No. 2, Red, Winter, St. Louis-dol. per bu..
1.00
No. 2, Hard, Winter, K. C . d o l . per bu_.
1.02
Weighted average 6 markets, all grades
dol. per bu__
Production, crop estimate, total
thous. of bu._ 496,982
Spring wheat
thous. of bu_. 96,460
Winter wheat
thous. of bu.- 400,522
Receipts
thous. of bu - - 12,946
Shipments
thous. of bu._ 15, 395
Stocks, visible supply, world--thous. of bu_Canada
thous. of bu-- 246,247
United States •
thous. of bu- _ 107, 050
Stocks, held by mills (quarterly)
thous. of bu-_
Wheat flour:
Consumption (computed)t
thous. of bbLExports
thous. of bbL_
397
Grinding of wheat
thous. of bu-.
41,857
Prices, wholesale:
Standard Patents, Minn
dol. per bbl__
7.32
Winter, straights, Kansas City
dol. per bbL.
5.88
Production:
Flour, actual (Census)
thous. of bbL.
9,184
Flour prorated, total (Russell's)f
thous. of bbL.
Offal
thous. of lb-_ 735, 585
55
Operations, percent of total capacity
Stocks, total, end of month (computed)
thous. of bbL.
Held by mills (quarterly).--thous. of bbL.

0
.62

0 |
.60 j

0
.64

0
.61

9
.57

0
.60

2
.87

0
.74

1,401
11, 776

847

668
13,158

1,501
14,153

430
13,735

402
12,936

236
12,032

181
11,621

251
11, 002

1,368
10, 505

1,903
11, 452

2,246
12, 208

1,490
24

5,975
4,152

4, 570
2,867

4,039
2,667

4,733
3,065

5,482
3,576

4,335
1,456

1,415
387

2,168

513

2,042
1,776

2,199
109

.91
.89

1.10
.92
.93

1.17
1.01
1.07

1.25
1.04
1.08

.95

.95

1.15

1.19

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

19, 082
14, 767
506, 250
222, 260
119,001

.85
.86
.83
.84

11,612
17, 624
15, 551
17,473
516, 580 501, 060
244, 965 242,478
149, 719 138,505

.83
.87
.80

.90
.91
.85

.83

.91

'527,978
•176, 370
'351, 608
11,151
8,747
8,921
11,685
532,920 582,140
241, 084 233, 368
129, 574 113,671

10, 009
8,087
558,440
227, 060
104, 554

302
37,067

8,607
388
33, 492

8,759
362
39,903

8,633
292
36,029

6.90

6.65

6.84

6.83

8,408
6,492
495,150
211,091
86, 856

12, 479
14, 566
463,660
196,869
77, 631

9,171
355

7,963
406
34,187

9,052
270

8,487
219

7,550
286

8,891
435

9,268
443

37,089

34,476

33, 701

39, 682

40, 371

6.34
6.64

6.75
5.60

5.40

5. 63

5.55

8,116

7,332

8,719

7,867

9,158
653, 267
52

8,062
589,978
47

5,500

4,567
4,634

9,564
8,677
706, 100 639, 724
54
55
5,010

4,761

7.05 I

7.18

7.46

5.48

5.79

6.01

6.14

6.22

8,103

7,507
8,407
613,279
46

I 7, 325
j 7,966
!600, 486
47
I

8,654

8,822

9,425
704, 298
52
4,920

9,881
716, 936
59
5, 090
3,473

7. 50

7,455
8,362

8,181

6.84
5.28

5.40

5.50

160, 904

102, 968

38, 320

37, 371

9,171
656, 225
50
5,460

9,064
10, 231
532,980
220, 759
94, 504
115, 247

153, 635
8, 749
312

.83
.83
.78

11,7

9,465
674, 587
50
4,700
4,157

8,298
607, 078
48
4,764

9,208
657, 205
50
4,650

4,570 I 4,700
3,914 I

LIVESTOCK AND MEATS
Total meats:
1,052
Consumption, apparent
mills, of lb-1,272
1,085
981
1,178
1,205
1,160
1,038
1,000
1,015
Production (inspected slaughter)
1,142
1,076
1,251
1,465
1,015
1,241
1,231
1,052
1,057
mills, oflb..
1,077
Stocks, cold storage, end of month, total
932
824
945
994
773
920
739
911
1,048
1, 043
935
mills, of lb_.
54
61
106
56
53
50
Miscellaneous meats
mills, of lb_66
71
78
65
52
Cattle and beef:
Beef and veal:
Consumption, apparent
thous. oflb
489, 501 436, 960 415, 516 499, 292 438,808 463, 946 448, 926 499,805 461, 905 440,043
1,389
2,670
1, 514
1, 356
1,638
1,678
1,924
2,250
1,060
1,778
2,063
Exportsf
thous. of lb._
Price, wholesale:
Beef, fresh native steers, Chicago
.092
.133
.090
.089
.123
.113
. 114
.096
.090
dol. per lb_.
.099
Production, inspected slaughter
I
494, 763 445, 009 423, 351 492, 762 431,000 454,655 437, 914 493, 768 463,411 453, 986
thous. of lb-_
Stocks, cold storage, end of month
thous. of lb__ 108, 070 59, 233 70, 010 79, 232 72, 948 64, 745 55,848 46,590 42, 546 45, 471 61,545
Cattle and calves:
Movement, primary markets:
1,812
1,343
1,643
1,404 i
1,500 1,592
1, 809
Receipts
thous. of animals-- 3,000
2,178
1,699
2,985
1,672
Slaughter, local
thous. of animals-- 1,711
1,160
993
1,098
1,225
1,045
1,209
854
952 i
999
Slaughter, inspected. (See Leather and
leather products.)
495
592
1,231
Shipments, total
thous. of animals.1,257
731
491
527
437
585
971
518
Stocker and feeder--thous. of animals
138
477
381
165
162
470
139
176
147
528
121 I
Price, wholesale, cattle, corn-fed, Chicago
5.26
5.32
8.57
dol. per 1001b-.
5.5,5
5. 83 I
6. 51
8.23
8.40
Hogs and products:
Hogs:
Movement, primary markets:
Receipts
thous. of animals.2,807
2,521
3,207
3,332
4,231
2,684
2,727 j 2,468
2,674
3,076
2,519
2,032
2,382
Slaughter, local
thous. of animals..
1,699
2,406
3,010
1,853 I 1,679
2.272
1,777
1,934
1,883
Slaughter, inspected. (See Leather
and leather products.)
732
771
801
759
Shipments, total
thous. of animals_.
1,207
781
798
813
929
37
46
34
45
Stocker and feeder
thous. of animals._
66
29
41
28
39
33
4.33
4.34
Price, heavy, Chicago
dol. per 1001b__
3.31
4.27
4.85
5.95
4.49
3.38
3.87
3.58
Pork, including lard:
Consumption, apparent
thous. of lb_.
652,097 670,866 567, 717 715,880 512,275 1 536,044 518, 587 631, 250 577,156 493,580
Exports, totalf
thous. oflb.. 35, 737 61,864 63, 705 67,453 62, 617 50,715 ! 52,114 49, 762 79,942 56, 251 51, 243
Lardf
thous. of lb- _ 26, 870 49,812 47, 563 54,838 51, 202 36,908 j 39,493 39, 350 66,167 41,008 33, 466
Prices:
.136
.171
.156
Hams, smoked, Chicago
dol. per lb_.
.176
.122
.119
.118
.120!
.138
.136
Lard:
Prime contract, N . Y
Refined, Chicago*
0

dol. per lb._
dol. perlb..

.101
.108

.057
.069

.059
.071

.051
.059

.057
.062

.066 I
.071 !

.067
.077

.071
.073

.066
.070

.068
.073

.072
.081

1,092
1,008
881
90

852
105

483, 974
2,269

1,683

.125
498, 457
80,075
4,234 ]
2,186 I
2,041
802

1

92, 575
3,777
2,140

1,071
550

8.50

9.36

2,067
1,420

2,093
1,531

645
59
6.19

561
67
7.23

551, 041
45, 644
29, 358

442, 679
41, 650
31, 506

.172 I

.184

.090 j

.102
.116

.099 I

Revised.
* New series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 18 of the January 1934 issue, wholesale price of lard.
t Data revised. For revisions on wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. 19 of the August 1933 issue. For revisions
o f beef and veal exports for 1932, see p. 40 of the June 1933 issue. For revised export data for 1933, see p. 20 of the September 1934 issue.
• Dec. 1 estimate.
f Nov. 1 estimate.
• Represents the visible supply east of the Rocky Mountains as reported by D u n & Bradstreet.




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
]
jOf>tfthpr
ju c l 0 D e r

1933
I
1
,Novem
I Ortohpr
* E>ecem- January
uctoner
ber

I
FOODSTUFFS

December 1934
1934

February

March

April

May | June

August j

July

A N D TOBACCO—Continued

LIVESTOCK AND MEATS-Coutinuei
Hogs and products—Continual.
Production, inspected slaughter, total
thous. of h.
Lard
thous. of lb..j
Stocks.'cold storage, end of mo. thous. of Ib-.
thous. of ib.J
Fresh and cured
Lard
..thous. of Ib.Sheep and lambs:
Lamb and mutton:
Consumption, apparent
thous. of ID..
Production, inspected slaughter
thous. of llnStocks, cold storage, end of mo.
thous. of lb._
Movement, primary markets:
Receipts
--thous. of ammals..
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather and
leather products.)
#
Shipments, total
thous. of animals.Stocker and feeder
thous. of animals..
Prices, wholesale:
|
Ewes, Chicago
dol. per 1001b,.i
Lambs, Chicago
dol. per 100 lb._
Poultry and eggs:
Eggs:
Receipts, 5 markets
thous. of cases._
Stocks, cold storage, end of month:
Case
thous. of cases..
Frozen."!
thous. of lb._
Poultry:
Receipts, 5 markets
thous. of ID,.
Stocks, cold storage, end of mo.
thous. of l b . .
TROPICAL PRODUCTS
Cocoa:
Imports!
....----- —
-long toiis..
Price, spot, Accra, N. \
dpi. per l b ~
Shipments, Gold Coast and Nigeria
long tons..
Coffee:
Clearances from Brazil, total.thous. of bags..
To United States
thous. of bags._
Imports into United States #. thous. of bags..
Price, Rio No. 7, N. Y .
dol. per lb._
Receipts at ports, Brazil
thous. of bags..
Stocks, world total, incl. interior of Brazil
thous. of bags...
Visible supply, total excl. interior of Brazil
thous. of bags..
United States
thous. of bagsSugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons..
United States:
I
Meltings, 8 portsf
long tons..!
Price, wholesale, 96° centrifugal, New
York
...dol. per l b Receipts:
From Hawaii and Puerto Rico
long tons..
Imports f#long tons..
Stocks at refineries, end of mo.f
long tons.Refined sugar:
Exports, including maplef
long tous..
Price, retail, gran., N. Y
dol. per l b . .
Price. wholesale, gran., N. Y..dol. per lb.-|
Receipts:
j
From Hawaii and Puerto Rico*.long tons..!
Imports:
Cuba*
long tons
Philippine Islands*
long tons..
Shipments, 2 ports
long tons..
Stocks, end of month, 2 ports...long tons.,
Tea:
Imports#
--thous. of lb-.j
Price, wholesale, Formosa, fine, NT. Y.
j
dol. per lb-.|
MISCELLANEOUS PRODUCTS

518,294
98, 180

607,291 627,001
499,838 493,308
107,453 133,693

751,663 ; 915,320

752,912
143,491

150, 287 188,461

508,993
99,612

115,974

645,531 762,206 | 899,160 910,000
529, 454 629, 696 730, 404 733, 956
116,077 132, 510 168, 756 176, 044

572,457 699, 676
113,056 137, 597

633, 062
124,069

574,229
107,101

452,672
78,125

830,997 835,185 823,808
657, 222 656, 087 641, 568
173, 775 179,098 182, 240

823, 560
628,425
195,135

853, 063
643, 566
209,497

709,165 "652, 274
542,010 « 524,220
187,155 • 128,054

427,324
69,424

i

63, 210

52, 543

54, 869

56, 556

48, 605

52,039

47,676

47,166

45, 709

47,452

57,083

63,897

52, 952

56, 026

56, 799

47, 519

51,097

46,976

47,286

45,829

47,551

57,215

3,076

2,511

2,888

4,012

4,183

3,052

2,024

1,281

1,363

1,450

1, 518

1,608

° 2,400

4,056
2,126

3,268
1,351

2,064
1,068

1,774
1,033

1,818
1,132

1, 454
902

1,570
957

1,838
959

2,114 |
1,014

1,810
918

2,152
998

2,615
1,106

3,324
1,384

1,943
908

1,904
857

1,031
462

739
143

691
116

547
79

872
135

1,104
155

891
115

1,155
190

1,482
390

1,931
774

2.00
5.56

1.88
6.40

2.75
7.23

4.18
8.33

625
81
5.00
8.63

4.75
8.90

3.00
8.97

1.63
7.24

1.78
5.91

1.47
5.59

2.09
5,56

1,165

1,824

2,051

1,927

1,452

1,009

828

665

90
39,181

1,208
38, 679

4,640
62,632

7,819
93,947

8,965
116,058

8,961
121, 564

7,938
111,994

6,803
» 99,951

1.88 I
6.28 j

2.44
6. 59

655

651

514

590

4,629

5,175
82,302

2,641
72, 348

731
61,419

50
49, 910

32, 098

80, 502

70,640

31,531

19, 336

16, 435

13,347

19,604

22, 755

22, 417

21,861

24, 725

59, 528

91,211

123, 503 120,177

101, 776

74,197

49, 212

39,790

40, 609

44,904

46,053

« 55,262

17,154

11,346
. 0420

10,903
.0458

9,581
.0419

19,146
.0472

16,919
.0520

30, 502
.0540

26,539
.0539

8,044
.0561

10,843
.0572

10,456
.0535

10,914
.0535

18,973

11,822

11,409

22,126

44, 599

52, 253

47, 607

42, 235

22,287

9,850

10,568

10, 798

15,803

3,441

1,308
815
1,018
.094
1,154

1, 274
602
1,019
.074
1,646

1,448
873
838
.074
1,434

1,426
752
1,144
.081
1, 520

1,877
997
1,100
.091
1,419

1, 476
779
1,353
.107
1,381

1,242
636
1,305
.109
1,534

842
425
996
.104
1,212

903
418
790
.103
780

1,449
546
736
.102
901

787
512
788
.095
919

1,077
649
758
.097
1,245

1, 467
783
919
.095
1,047

85,478
31,383
73, 507

24, 725

0)

0)

(0

0)

31,118

29,309

27,141

7,179
945

7,345
966

7,718
7,590
1,076 i 1,038

7, 564
980

8,084
1,025

8,600
891

8,564
932

8, 526

1,589

1, 598

1,292 |

1,212

926

1,335 |

1,862

2,422

2,475

2,364

2, 212

2,041

1,764

411,507

258, 209

264,289 | 179,119

237,313

259,470 | 289,666

272,885

344, 352

350, 731

300, 448

307,685

350,045

.029

.033

.031

.028

.028

.029

.032

.033

.02$

79,790 I 192,519 j 205,989
173,
"'" 846
""" 114,484 ! 173,838

155,446
214,079

146, 258
250,111

149,087
197, 640

188,196
53,117

73,180
91,212

98, 415
683, 137

291, 644 ; 406, 345 1 516, 505 561, 680

537,831

633,593 1 626,796

501,240

7,064
866

.032

i

.032

.033

49,393

63,845
170, 729

53,354
160,908

363,952

290,416

248,054

203, 513 | 256,031

20,194
.055
. 046

4,427
. 051
.045

4, 900
.052
.044

3, 560
5,965 I
.052
.052 j
.042
.043
I
13,
203
873 |

4, 187
.051
.041

30,840
105,123

j

4,248
.051
.044

4,246
.051
.044

0

4, 279

513

9, 981

13,596

15,294

238,642
2,619
59,952
20, 663

86,122

29,664

27,268

30,985

16, 478

10,879

9,913

36,461

35, 636
23,473

34, 668
26,360

39,925
22, 701

48,267 ; 53,045
~ '950
—
30,282
21,

0,418

7,670

6,938

.175

. 1SI

7, 942
.215

10,929
. 175

0)
8,499
916

22,266
8,302
818

I

.032 i

238,642

25, 984

I

0)
8,496
955

5,622
.051
.041

4,649 |
.052
.045

6,376 !
.055 I
.047 1

14, 180

12, 366

11,039

45,883
31,164

16,473
21,512
76,934 j
25,147 j

24, 728
3,323
58, 694
22,373 |

43,939
590
70,545
18,918

6, 578

4, 493

4,389

:

. 185

. 193

. 199

:

21,951

16, 702

16,884

9,494
.055
.047
536

13,369
.055
.047
3,089

!
!
!
i

79,499
0
68, 609
10,228 j

118,982
0
73, 211
16,8CV5

5,419

6,471 j

9,193 |

7, 426

.215

.215 !

.215

.215

16,433

24, 420

21,170 17,043 16,739 18, 185 24, 782 37,906 34,848 30, 099 33, 392 37, 791
200,074 312,064 403, 556 513,130 449, 736 229,108 203, 316 263,883 496, 061 832, 225

33,240
941,121

|
. 375 I

4, 696

j

C a n d y sales b y manufacturers-.thous. of d o l '
Fish:
Landings, fresh fish, principal ports
thous. of l b . .
Salmon, canned, shipments
cases..
Stocks, total, cold storage, 15th of m o n t h
thous. of l b . .

25,106

22, 598
33,595
318, 730

22, 303

22, 319

20, 516

19, 538

22,945

10,010

77,104
55, 928
58,338 57,188 44,660 32,712 18,481
15,883 20,189 34, 255 50,582 62, 577
73,648
* Revised.
* 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
1931 not available on imports of refined sugar from the Philippine Islands.
f For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports and exports, see p. 41 of the June 1933 issue.
For revisions of exports in 1933, see p. 20 of the September 1934 issue.
*1 See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
Data not available.




43

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October I October Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber

1934
February

March

April

May

June

July

29,503 !
6,139 j

19, 013
5,209

August

September

25,605
3,830

53,097
5,989

FOODSTUFFS AND TOBACCO—Continued
TOBACCO
I/eaf:

66. 217
Exportsf
thous. of Ib.-j 64,810
5,140
1,911
Imports, unmanufactured^
thous. of ll> i
Production, crop estimate
thous. of l b . J . J, 115,811
Stocks, total, including imported types I
(quarterly)
mills, of l b . J
Flue-cured, fire-cured, and air-cured
mills, of lb - Cigar types
mills, of l b . .
Manufactured products:
Consumption (tax-paid withdrawals):
9, 176 i
Small cigarettes
millions.. 10,718
Large cigars..
. t h o u s a n d s . . 494, 456 408,452 ;
Manufactured tobacco and snuff
30,546 !
thous. of lb._ 30,506
Exports, cigarettes
t h o u s a n d s . . 280, 590 272,496 |
Prices, wholesale:
5. 380
4,851 i
Cigarettes
dol. per 1,000..
46.519 !
Cigars
._
dol. per 1,000._ 46. 742

44,228 ! 02,568 i 25, 997
2, 776
4, 198
4,218
_--'
<• 1,385,107

28, 406 ! 44, 411
5,449 \ 4,228

2,182

2, 435

» 2, 214

2,200

1,718
377

1, 957
384

9

1,748
371

6,835 I 7,800 : 11,483 I 9,168
299,214
415,347 ! 276,690 \ 337,292
25,407
238,329
4.851
46. 461

41,342 ! 31,380
4,775 ! 4,548

9,333 ! 9,294
11,174
12,045
354,165 ! 345,067 380, 450 404,456

31,478 ; 27, 260
21,686 , 30,846 j 28, 351
271,219 j 283,784 ! 188,956 |246,278 344, 740
5.274 ! 5. 380 i 5.380
46.616 I 46.893 46.839

4. 851
46. 461

1,736
387

5.380
46.839

29,056 29,420
336, 264 252,609
5.380
46.839

5.380
46.839

11,355
378,056

11,810
425,453

10,294
394,862

28,691
225,387

30,948
310,334

27, 234
260,409

5.380
46.839

5.380
46.839

5.380
46.839

FUELS AND BYPRODUCTS
COAL
Anthracite:
_Uiou>. of long tons.
Exports
Prices:
Retail, composite, chestnut
dol. per short ton J 13.11 13.23
Wholesale, composite, ehestiiutj
9.931
dol. per short ton..; 9.815
4,711
Production!
_
thous, of short tons.J 4, 729
4,147
Shipments!
thous. of short tons..' 4,027
1,351
Stocks, in storage.thous. of short tons..'...Stocks, in yards of dealers, end of month
;
no. of days' supply..
54
Bituminous:
i
Consumption:
!
3,805
Coke plants
thous. of short tons..! 3,481
Electric power plantst-thous. of short tons.. j 2,913 2,826
5,159
Railroads
.thous. of short tons..!
134
Vessels, bunker
thous. of long tons..! 109
811
Exports...
thous. of long tons..' 1,059
Price, retail composite, 38 cities
j
8.08
dol. per short Jon... ^ 8. 35
Prices, wholesale:
•
3.929
Composite, mine run...dol. per short ton... 4.190
Prepared sizes (composite)
4. 119
dol, per short ton...
4. 449
Production!
—thous. of short tons.. 32,573 29,656
Stocks, consumers, end of month
thous, of short tous.. 36, 284
COKE
72
Exports...
thous, of long tons..92
Price, furnace, Connellsville
3.47
dol. per short ton,.
3. 73
Production:
47
Beehive!----thous, of short tons..
76
2,579
Byproduct!
.thous. of short tons.J 2,317
139
Petroleum
thous. of short tons.. .............
Stocks, end of month:
I
3, 053
Byproduct plants
.thous. of short tons..] 3,081
891
Petroleum, refinery
thous. of short tons..!

88

83

89 I

82

13. 26

13.24

13. 25

13. 27

13.27

12. 91

12.34

12. 40

12.60

12.83

13.05

9.926
4,811
4,098
I, 293

9. 922
4, 424
4, 012
1, 106

9. 912
6,125
5,189
725

9. 881
5,952
5,198
316

9.878
6,418
5,356
308

9.459
4,837
4,173
690

9.084
5,250
4, 491
1, 165

9.216
4, 184
3,495
1,541

9.451
3,443
2,974
1,769

9. 598
3,584
3,110
2,023

9.760
3,977
3,401
2,227

38

34

29

19

17

44

59

61

65

79

80

3,536
2, 738
5,002
140
1,000

3,694
2,827
4,984
91
448

3, 774
2,817
5,256
73
369

3,832
2,871
*i»

4,578
2,821
5, 759
90
490

4,306
2,391
4,837
81
675

4,757
2,652
4,804
122
1,074

4,459
2,801
4,553
107
991

3,629
2,944
4,543
101
1,108

3,376
«3,006
4,735
119
1,036

3,241
2,743
4,801
98
1,033

8.18

8.18

8. 21

8.22

8.23

8.18

8.13

8. 18

8.23

8.30

8.31

3. 963

3. 961

3.972

3. 974

3.972

4.120

4.179

4.200

4.185

4.199

4.192

4. 167
30, 582
34, 143

4. 164
29, 600
32, 840

4.178
32,916

4.210
31, 970

4. 216
38, 497

4.233
24,772

4.217
28,100

4.236
26,424

4.343
25,280

4.393
27,462

27,100

28, 371

27,711

28, 490

29, 493 • 30,387

31,441

382

4.435
27,670
» 33, 077

56

39

39

55

45

25

52

66

105

127

114

3. 75

3.75

3. 63

3. 50

3.43

3.59

3.64

3.73

3.73

3.73

3.73

98
2, 341
118

95
2. 451
129

97
2, 476
127

118
2, 493
121

150
2, 969
126

61
2,875
101

51
3, 192
74

51
2,990
104

51
2,381
96

44
2,280
101

55
2,175
110

3. 043
760

2, 850
2, 347
727 ; 637

1,808
595

1, 713
565

1,964
5,53

1, 948
515

2,047
504

2,312
494

2,648
478

2,846
484

08, 401
1,875
. 940
69, 755
65

70, 440 ! 71,512
2,876 I 3,011
. 940
. 940
72, mo
71,976
65 I 60

66, 470
2,416
.940
05, 450
69

71,807
2,272
.940
75, 548
67

73, 563
2,877
.940
75, 796
71

76,258
3, 442
.940
79,870
70

76, 054
3,947
.940
80, 040
72

79, 812
2,561
.940
81,548
73

79,698
2,621
.940
79, 058
72

73,389
3,270
.940
75, 810
68

92. 507 90, 242 87,826 i 86,869 83, 812 i 81,584 78,965 76,604 74,815
73,834 71,207
35,568 35, 399 °34,104 i 33,864 33, 350 34, 093 33,889 33, 721 33,802 34, 247 34,660
312, 815 311,758 °312,070 ! 311,659 309, 864 1 311,576 312,005 313,840 315,051 312,673 307,884
54,458 55,837 57, 048 i 55.458 55, 582 i 56,383 55, 482 57,069
56, 526 55,694 55,178
258,357 255, 921 255, 022 256,201 254, 282 ! 255,193 256, 523 256, 771 258, 525 256,979 252,706
992
1,070
905
910
_...
810 I
9 3 0 914
1,112
1, 126
1,182
1,216

69, 49C
35,001
305, 270
55, 775
249,495
1,047

PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills)...thous. of bbL.
Imports*
....thous. of bbL.;
Price, Kansas-Oklahoma
dol. per bbl.J
Production !
thous. of bbL.
Refinery operations
pet. of capacity.
Stocks, end of month:
California:
Heavy crude and fuel oil..thous. of bbL.
Light crude*
.thous, of bbL.
East of California, total t # —thous. of bbL.
Refineries!*
thous. of bbL.
Tank farms and pipe linesf.thous. of bbL
Wells completed!*..
number.
Mexico:
\
Exports.
thous, of bbL.!
Production..
thous. of bbL.!
Venezuela:
!
Exports
.thous. of bbL.|
Production
thous. of bbL.;

2,395
.940
_

75, 461
1, 758
.940
76,017
09

1, 278
2, 428
10,930
12,241

10, 096
10, 728

;

1, 184
2,900

2.582
3, 259

10,398
10, 717

10, 558
11, 084

:
:

1,979
3,114

2,148 !
2,862 j

2,179
2,260
2,167
3,192 3,206 : 2,715

9,844 ; 9,199 | 10,268
10, 860
9, 769 i 10,900

9,962 I 10,723
11,028 i 11,542

2,037
2,923

2,621
3,299

2,099
3,433

2,573
3,278

10. 822
11,203

10, 576
11,976

10,661
12,233

10, 68t)
12,076

<> Revised.
follows: Exports of tobacco for 1932, p. 42, June 1933—data revised for 1933
! Revisad series. For revisions refer to the indicated pages of the monthly issues,
l f
to T
mo4 ± 1 i 4 K '
* f
*/~»on
T^on ^mVl£ir
1933; consumption of bitum
See p. 43,
July 1934. Crude petroleum
56, November 1933.
• Statistics as of Aug. 31, 1933, and subsequent months are not comparable with the figures for earlier months because of revisions and transfers from one kind of storage
to another as a result of the new form of report to the Petroleum Administrative Board. The Burea n of Mines has not found it possible to reconcile these figures and will report
them henceforth to compare with the August data. The Aug. 31 figures on the old basis are on p. 42 of the November 1933 issue.
° New basis, as of Dec. 31, caused by 1,089,000 barrels being classified as fuel oil.
# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1984 issue.
X Price converted to short-ton basis.
* Dec. 1 estimate.
f Nov. 1 estimate.
Q.AA

T)

2 0 Of t/tlG S 0 D t B l H . t ) 6 r

J ^ ^ ^

S
C
G
1
1
C
X
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44

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October
INOV
October
in the 1932 Annual Supplement to the Survey
ber

December 1934
1934

Decem- January
ber

February

March

April

May

June

July

August

September

« 914
3,216
2,633

«842
3,282
2,350

FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS-Con.
Refined products:
Gas and fuel oils:
Consumption:
Electric power plants!
thous. of b b L .
Railroads
thous. of b b l . .
Vessels, bunker
thous. of b b L .
Price, fuel oil, Oklahoma, 24-26 refineries
dol. per b b L .
Production:
Residual fuel oil*!
thous. of bbl
Gas oil and distillate fuels*!
thous. of bbl
Stocks:
Residual fuel oil, east of California*! •*
thous. of bbl
Gas oil and distillate fuels, total*
thous. of bbl
Gasoline:
Consumption!
thous. of bbl
Exports •
thous. of b b L .
Exports, value. (See Foreign Trade.)
Price, wholesale:
Drums, delivered, N . Y
dol. p e r g a L .
Refinery, Oklahoma
dol. p e r g a L .
Price, retail, service station, 50 cities
dol. p e r g a L .
Production:
At natural gas plants!
thous. of bbl__
At refineries!
thous. of b b L .
Retail distribution (41 States)!
mills, of gal._
Stocks, end of month:
At natural gas plants
thous. of b b L .
At refineries!
thous. of b b L .
Kerosene: .
Consumption!
thous. of b b l . _
Exports
thous. of b b L .
Price, 150° water white, refinery, Pa.
dol. per gal_.
Production
thous. of bbl_.
Stocks, end of month
thous. of bbl_.
Lubricating oil:
Consumption!
thous. of b b L .
Price, cylinder oil, refinery, Pa.
dol. per gal..
Production
thous. of b b L .
Stocks, refinery, end of mo.-thous. of bbL.j
Other products:
Asphalt:
Imports*
thous. of short t o n s . .
Production!
thous. of short t o n s . .
Stocks, refinery, end of month
thous. of short t o n s . .
Coke. (See Coke.)
Wax:
Production
thous. of l b . .
Stocks, refinery, end of mo.thous. o f l b . .

905
2,367
.725

823

943
3,292
2,397

910
3,166
2,646

812 !
875 !
2,890 I 3,250
2,399 ! 2,782

755 I
3,118 I
2,457 I

832
801
3,174 3,234
2,652
2,530

866
3,242
2,412

.620

.650

.663

.690

.750 j .738

.750

.750

.750

.725

.725

.725

19,004

18,962

19, 847

18,183 | 20, 539

19, 344

20, 297

20,136

20, 380

19, 908

19, 360

7,157

6,391

7,252

7,691

7,155 | 8,004

7,761 8,042

7,651

8,723

8,298

20,315

18,957 « 17,660

16,134

14,233 I 14,044

15,673 | 16,501

19, 249

21,507

24, 600

26,733

20, 454

19, 016 « 16, 212 14,136

12,322 j 10,658

11,403

13,174

16,313

19, 603

22,927

24, 295

32, 973
2, 455

30,262 | 28,787
2,771 1,452

29, 416
1,797

25,048 l 30,528
1,772 ; 2,235

32, 735
2, 436

1, 643

36, 296
1,780

37,395
1,495

38,933
1,766

34,984
1,677

. 177
.050

.165
.048

.145
.045

.150
.048

.155
.046

.155
.045

.155
.047

.155
.046

3, 046
34, 442

.177
.050

.143

.142

.143

.139

2,981
35, 971

2,931
32, 891

3,005
31,685

3,024
33, 462

931

841

852

609
'992
27, 308 ' 34,76C
4, 143
3,726
1,045
851

992
37, 774

572
28, 572
3,406
957

.146

954
3,118
2,705

20, 819

.177
.051

.049

918
3,154
1,511

.053
3,993

.053
4,005
7,217

1,507

1, 538

.190
2,115
6,776

.190
2,375
7,075

3
234

1
156
259

4
151

43,680
72, 751

41, 720
68,833

47, 320
75, 803

.052 1
4,289 !
'6,557 |
1,667
.190
2,212
< 7,030

.166
.048

.158
.044

.142 i

7,563 I

.136

.136

.139

. 141

2,795 i 3,019
30,472 i 32, 705

2,926
34, 097

2,907
35,194

2,838
34,850

2,960
37, 023

3,031
37, 245

978

1,061

1,070

1,090

1,123

1,276
40, 914

1,517
36, 507

1,646
33,885

1,590
33,135

1,589
30, 323

1,346
28,862

4,245
576

979 I 1,022
41,852 I 42, 578
4,154 i 4,218
716 |
657

3, 654
1,148

3,222
648

2,372
962

2,815
751

2,753
976

3,451
789

.048
4,507
6,228

.045 j .048
3,961
4,576
5,299
4,986

.048
4,647
4,822

.047
4, 548
5, 470

.048
4,206
6, 335

.046
4,256
6,998

.046
4,306
7,568

.047
4,181
7,495

1,440

1,302

1,643

1,651

1,941

1,569

1,491

1,498

1,387

.208
2,198
7,020

.220
1,865
7,120

.220
2,152
6,837

.220
2,322
6,796

.219
2, 577
6,773

.208
2,211
6,752

.183
2, 209
6,782

.148
2,152
6,841

.160
2,106
6,965

0
156

3
205

1
250

3
278

3
318

1
320

1
263

378

382

358

359

339

315

39, 480
91, 763

41, 720
101,551

40, 320
108,087

34,160
115,137

33, 880
119,702

33,880
118,991

3
145
304
46, 480
78, 934

106 J
331 |
39,200
83,791

43, 120
86,644

LEATHER AND PRODUCTS
HIDES AND SKINS
[mports, total hides and skins!#_. thous. of lb_. 10,018
32, 645
20, 765
18, 662
17, 683
20, 709
22, 625
22,181
12. 958
21,596
21, 235
19, 907
10, 879
919
4,192
2, 405
2,104
2,840
1,580
1,856
1,221
2, 259
1,914
1,900
808
806
Calf and kip skins^.. ....... ' thous. oflb..
2,148
14, 450
10, 227
7, 762
5,807
5, 184
5,837
6,388
7, 265
8,268
4,571
2,408
9, 577
Cattle hides
thous. of lb
Goatskins
..thous. oflb
5, 837
3,202
7,901
6, 140
7, 217
4, 355
5, 318
6,843
7,598
9, 119
5,607
5,818
3,906
2,494
Sheep and lamb skins
thous. of lb__ 2,658
4,086
2,541
3, 315
3,124
2,512
3,457
2,930
2, 409
2,378
4,247
3,006
Livestock, inspected slaughter:
658
455
424
402
471
437
534
526
600
601
770
831
970
Calves
thous. of animals
861
Cattle
.thous. of animals
721
831
1,912
1,408
771
864
932
777
733
749
1, 576
1,786
Hogs
_
thous. of animals..
3,546
4,501
5, 391
3,411
2,641
3, 058
4, 530
3,433
3,039
4,218
3,323
2,601
3,763
1,242
1,164
1,244
2,609
1,668
1,407
1,294
1,734
1,356
1,390
1,159
1,259
1,523
Sheep
thous. of animals__
Prices, wholesale:
Packers, heavy native steers, Chicago
.096
.103
.104
. 103
.099
. 101
.103
.096
.108
.098
.098
.088
.099
dol. per lb._
Calfskins, no. 1 country, Chicago
.092
.144
.158
.121
.156
.167
.129
.116
.137
.106
.093
.076
.093
dol. per lb__
LEATHER
Exports:
363
102
252
282
113
156
136
294
425
186
186
205
753
Sole leather
thous of lb
Upper leather! •
thous. of sq. ft..
6,684
6,684
5,290
6,160
6,144
6,703
4,859
5,457
4,336
3,850
5,354
4,918
5,043
Production:
Calf and kip*.
. _.
thous. of skins
1,126
1,063
1,013
981
911
999
1,032
1,152
879
1,086
970
1,177
Cattle hides*!
thous. of hides._
1,538
1,623
1,520
1,640
1,662
1,738
1,512
1,681
1,468
1,700
1,633
« 1,678
3,994
3,786
3 763
4,290
4,074
3,949
4 358
3,940
3, 496
3, 638
3, 707
3 290
Goat and kid*
thous of skins
3,290
2,630
2^322
2, 580
Sheep and lamb*!
thous. of skins..
3^690
3,791
2^655
2, 409
3,558
3,300
2^ 773
2! 302
Prices, wholesale:
.32
Sole, oak, scoured backs (Boston).dol. per lb._
.35
.32
.31
.27
.31
.30
.30
.29
.29
.30
.27
.27
Upper, composite, chrome, calf, black, " B "
.296
.344
.337
.350
.352
.352
.347
.343
.320
.337
.333
.300
.297
grade
dol. per sq. ft_.
« Revised.
* New series. For earlier data see p. 20 of the February 1933 issue, production of residual fuel oil and gas oil and distillate fuels, and p. 19 of the June 1933 issue, leather.
! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43,
May 1933, for 1933 revisions, p. 43, May 1934; production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel oil east of California, consumption of gasoline, production of gasoline at natural gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, and production of asphalt for
1932, p. 56, November 1933; retail distribution gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934; production of cattle and sheep and lamb hides, p. 44,
April 1934; imports of total hides and skins and upper leather for 1932, p. 43, June 1933.
A Beginning Aug. 31, 1933, figures reported on the new basis, caused by transfer of 414,000 barrels from gas-oil and fuel-oil stocks.
* New basis caused by transfer of 243,000 barrels from bulk terminal stocks and approximately 93,000 barrels transferred from refinery stocks.
1
New basis resulting from transfer of finished stocks to unfinished stocks and addition of stocks not previously reported.
# See footnote on p. 35 of this issue. Imports also revised for 1933. See p. 20 of the October 1934 issue.
•
Data revised for 1933. See p. 20 of the September 1934 issue.




45

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1 9 3 4
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary

1934
March

April

May

June

July

August

September

LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Stocks of cattle hides and leathers (all kinds)
end of month:
Total*
thous. of equiv. hides.
In process and finished*
thous. of equiv. hides.
Raw*
thous. of equiv. hides.

14, 615

14, 677

14,811

14, 931

14,8

14,685

14,515

14, 374

14, 444

14,852

15,216

16,057

10,032
4,583

10, 015
4,662

10,167
4,644

10,457
4,474

10, 507
4, 360

10, 512
4,173

10, 455
4,060

10, 360
4,014

10,291
4,153

10, 321
4,531

10,120
5,096

10,037
6,020

228,486
100, 559
127,927

178, 398
57, 050
121, 348

171, 242
69, 196
102, 046

77

78

40

100

76

75

90

LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs..
282, 249
Dress and street
dozen pairs..
127, 317
154,932
Work
dozen pairs. _
Shoes:
72
58
Exports
thous. of pairs..
Prices, wholesale:
Men's black calf blucher,
5.50
Boston
dol. per pair._
5.40
Men's black calf oxford, lace,
4.15
St. Louis
dol. per pair_.
4.35
Women's colored calf, Goodyear welt, ox4.00
ford, average
dol. per pair..
3.85
Production, total
thous. of pairs. . > 28, 572 31, 455
Men's
thous. of pairs._
8,293
Boys' and youths'
thous. of pairs..
1,827
Women's
thous. of pairs..
10, 999
Misses' and children's
thous. of pairs.
2,492
Slippers, all types
thous. of pairs__|
4,986
All other footwear
thous. of pairs..

73

5.50

5.50

5.50

5.50

5.50

5.55

5.50

5.50

5.50

5.50

5.50

4.35

4.20

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4. 15

3.85
23, 695
6,909
1,515
6,783
1,974
4,256
2,258

3.93
20, 095
6,186
1,150
6, 765
1,889
1,955
2,151

4.00
25, 787
7,046
1,342
10, 639
2,589
1,424
2,746

4.00
30,120
7,845
1,481
12, 245
3,056
2,327
3,166

4.00
35, 357
8,669
1,503
14, 006
3, 686
3,565
3,927

4.00
34,152
8,423
1, 506
13, 066
3,271
3,597
4,288

4.00
33, 874
8,211
1,540
12, 776
3,185
4,072
4,090

4.00
28, 379
7,585
1,479
9,472
2,757
3,899
3,187

4.00
28, 247
6,705
1,452
11,772
2,647
3,332
2, 339

109, 919

60, 991

53,879

6, 467
63, 800

4.00
35, 469 a
« 8, 588
° 1, 757
1
14,927 i
« 3, 157 I
« 4, 229 I
° 2,811 i

4.00
27, 794
6,927
1,320
10,380
2,570
4,236
2,362

62,452

115,145

92, 933

6,656
62, 665

6,574
60, 754

8,657
64, 388

9,251
61, 864

2,268
27, 760

2,083
27, 734

1,290
13, 643

2 103
27, 259

2,278
26, 548

1

LUMBER AND MANUFACTURES
LUMBER
Exports (boards, planks, and scantlings) * •
'. ft. b.
_M
104,126
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
10, 285
Sales
M ft. b. m.
Stocks, end of month
M ft. b. m. 57,654
Retail yards, Tenth Fed. Res. Dist.:
2,801
Sales
M ft. b. m_
26, 221
Stocks, end of month
M ft. b. m_

80, 463

73, 065

97,956 ! 96,969

70,282 ! 83,453

« 8, 474
61,667

3,879
55, 606

2, 266
56, 764

3,147
58, 837

3,077
60, 533

2,994
61, 827

2,430
28,428

2,168
28,190

1, 862
27,951

2, 268
27, 665

1,792
27,493

2,059
28, 351

4,440
62, 857
2,300
28, 052

3, 395
M ft. b. m
M ft. b. r e - 4,149
4,546
M ft. b. m
3,408
M ft. b. m.
20, 832
M ft. b. m

3,759
5,755
3,161
3,236
18, 610

2,419
5,889
2,342
2,300
18, 546

2,219
4,789
2,353
3,234
18,210

3,629
4, 656
2,486
3,665
19,349

4,763
5,667
2,964
3,665
18, 666

6,438
7,167
4,596
4,643
18, 828

3,037
5,598
4,226
4,303
19,195

4,437
5,998
4,480
4,512
19, 526

3,283
5,771
4,103
3,573
20, 828

4,092
5,606
2,451
4,421
19, 059

4,072
5,148
3,326
4,279
18, 741

3,165
4,700
3,529
3, 386
19, 582

M ft. b. m
M ft. b. m
M ft. b. m
M ft. b. m
M ft. b. m

8,130
11,456
6,953
8,624
65, 029

12, 263
12, 066
6,989
10, 017
63, 795

3, 365
10, 655
6,854
6, 417
65, 234

5,423
10, 245
6,900
5,137
65, 051

28, 238
29,788
7,737
8,112
65, 285

682
17, 005
8,919
13,711
62, 532

5,800
12,415
10, 360
9,476
63, 938

8,646
11,135
9,546
9,813
62, 635

6,521
9,426
8,951
7,965
63,375

6
8
7
7
64

937
764
301
713
251

8,061
8, 241
8, 115
9,041
64,168

8,212
8,242
8,579
9,003
63, 444

128
211
143
124
1,740
1,530

143
234
131
124
1,784
1,550

71
218
135
116
1,870
1, 652

1,887
1,657

124
240
128
116
1,891
1,651

135
239
120
128
1,862
1,623

150
265
135
131
1,856
1,591

113
241
116
124
1,861
1,621

94
232
146
109
1,914
1,682

364
288

48
382
334

44
395
352

46
411
365

46
414
368

48
425
377

48
424
376

44
427
383

41
442
401

39
447 I
408

36
450
414

37
452
415

76
557
481

92
570
477

85
582
496

85
584
499

110
578
468

95
580
485

95
606
511

91
623
523

96
634
538

93
638
545

10, 285
13, 039

10, 677
10, 686

13, 298
9,811

15,178
11,162

16, 733
13, 354

90
582
492
19, 965
18, 086

17, 227
18, 204

14, 581
16, 919

12, 890
13, 090

9,578
10,607

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

Hardwoods
Hardwoods (Southern and Appalachian dis
tricts):
Total:
Orders:
New
mill. ft. b. m.
Unfilled, end of month
mill. ft. b. m.
Production
mill. ft. b. m.
Shipments
mill. ft. b. m.
Stocks, total, end of month, .mill. ft. b. m.
Unsold stocks
mill. ft. b. m._:
Gum:
Orders, unfilled, end of month
|
mill. ft. b. m._
Stocks, total, end of month, .mill. ft. b. m
Unsold stocks
mill. ft. b. m
Oak:
Orders, unfilled, end of month
mill. ft. b. m
Stocks, total, end of month..mill. ft. b. m
Unsold stocks
mill. ft. b. m
Northern hardwoods:
Production
M ft. b. m
5,188
14,043
Shipments
M ft. b. m

230
124

98
228
116
94
1,940
1,712

105
229
ioi;
101
1,959
1,730 j

7,129
13,290 ;

94
223
105
94
1,961
1,737

5,048
13,075

Softwoods

Fir, Douglas:
Exports:§
Lumber*
M ft. b. m._ 35, 959
30, 871 27, 599 25, 492 25, 380 52, 956 14,
20, 373
25, 361
Timber
M ft. b. m . . 19, 715
11, 602
18,975 10, 094 13, 876 20, 824 25, 256 10,
14, 854
Orders:
Newt
M ft. b. m_. 125, 789 118,179 164, 287
69, 385 119,970 119, 970 145,933 141,457 139,
Unfilled, end of month
M ft. b. m__ 140,114 116, 388 120, 865 123, 351 142, 352 144,143 123,103 | 152,648 179,
a
Revised.
* New series. For data on lumber exports for period of January 1919 to September 1932 see p. 20 of the November 1932
published.
§ Data revised for 1932, see pp. 44 and 45 of the June 1933 issue, exports of Douglas fir lumber and timber.
1 Data for November 1933, March, June, and August 1934, are for 5 weeks; other months, 4 weeks.
p Preliminary.
• Data revised for 1933. See p. 20 of the September 1934 issue.




701
422

1,173
426

666
059

83, 710
153,991

7, 190
3, 252

60,138 ! 38,954
34,513 ; 29,363

89, 530 143,695 I 127,132
225, 167 131,161 | 136,980

issue. Earlier data on leather stocks not

46

SURVEY OF CURRENT BUSINESS

December 1934

1933

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

October

No

£ ° m - j D ^ m " I January

LUMBER AND
LUMBER—Continued
Softwoods—Continued
Fir, Douglas—Continued
Price, wholesale:
No. 1 common
dol. per M ft. b. in..
Flooring, 1x4, " B " and better
dol. per M ft. b. m-Production^
M ft. b. m_.
Shipmentsi
M ft. b. in..
Hemlock, northern:
Production
M ft.
Shipments
M ft. b. m..
Pine, northern:
Orders, new...
M ft. b. m._
Production
M ft. b. m_.
Shipments
M ft. b. m._
Pine, southern:
Exports:
Luraber§
M ft. b. m.
Timber§
.
M ft. b. m.
Orders:
New
M ft. b. m.
Unfilled, end of month
M ft. b. m_
Price,
flooring
dol. per M ft. b. m.
Production
M ft. b. m.
Shipments
. . . M ft.b. m.
Redwood, California: t
Orders:
New
. _Mft. b. m.
Unfilled
M ft. b. m_
Production
M ft. b. m_
Shipments,
_
M ft. b. m-

16.00

IS. 39

34.00
129,370
113,703

33.85
132,056
119,522

4,435
11,014

2,350
17,775

6,503
3,266
7,755

10,253
8,664
12,770

22,884
9,474

21, 677
5,632

1934

March! April

May

June

July

August | S <p^ r m

37.00
69,833
65,804

30.00
144,143
162,049

34.00
140,561
144, 590

ber

MANUFACTURES—Continued

18.27

18.66;

VJ. 00 !

19.00 I

19.00 ;

18.00

18,00!

33. 71
37.00 | 37.00 ! 37.00
37.00
37. 00 i 37. 00 i 37.00
128,027 I 111,017 109,226 I 132,056 150,857 152,648 ! 132,056 ! 77,443
118,179 I 106,093 j 81,472 i 111,912 I 131,161 136,980 j 106,988 i 68,042
2,991 I 4,053 I
14,856 | 6,987

6,312 I
6,297 J

6,474
7,699

6,588 ! 5.658
7,631 | 8,734

10,159
8,725

11,550
6,157

7,861
10,046

5,920
10,198

7,095 I 6,997 ! 5,224 i 6,905 |
1,377 I 1,029 ! 1,578 ! 2,357
6,456 i 6,192 j 5,535 i
8,196

6,272
4,928
7,612

5,924
1,356
6,384

8,794
11,134
8,317

5,341
11,266
7,482

6,754
8,664
6,902

4,198
5,189
6, 457

27,735 [ 23,113 i 26,604
3,725
8,885 | 6,506

26,502
9,557

7,754

19,038
5,229

i

21,156
7,431

3,631 I
6,464 j

18. 00

20,415 ! 22, 655
4,516 i 7,652

26, 549
6,491

6,970
8,933
6,000

22,129
10,082
1

113,800
62,827
34.99
102,324
114,402

91,298
55,073
37. 93
103,751
90,329

90,617
54,637
38.14
103,108
95,057

73,167
53,068
38.41
95,983
81,272

I 102,720 108,336
90,425
I 76,074
!
38.11 38.21
j 106,019 112,141
99,193
i 88,198

22,811
16,873
28,215
25,204

23,306
26,325
22,154
24, 481

39,581
39,810
16, 475
25, 733

15,228
33,872
16,733
21,674

!
|
!
;

41.0

59.0

42.0

34.0

6.5
10

14.0

16.0
7

12. 0
5

18
25.0
10

25
42.0

23
36.0
9

20
33.0

13
36,943
76,705

11,147
41,660

76.1
91.0
87.5
81.7

76.1
91.0
87.5
79.4

133,794
87,681
38.16
124,469
117,391

110,348
97,498
38.28
116,615
108,320

121,028
82,514
37.86
117,665
122,202

i 100,863
I 76,325
i 38.02
S 107,606
!115,461

90,796
77,599
36.55
99,222
96,295

113,561
64,366
34.77
98,961
113,913

17,9o8
32,769
25,880
19,402

15,834
29,534
20,647
18,156

19,704
24,946
25,930
25,444

30.0 i 32,0

35.0

39.0

99,840
58,987
34.97
97,928
103,908
f

13,935
26,853
19,939
20,349

19,217
30,693
24,482
20,644

23,300 !
33,740 i
26,199 i
20,147 !

20.278
27, 698
'!, 901
18, 943

26,083
32,222
25,184
21, 755

30.0

30.0

30.0

8.0

7.0

9.5
5

8,0
7

18 I
27.0 I

16
27.0

21,168
21,930
25,449
23, 991

FURNITURE

Household:
AH districts:
Plant operations*
percent of normal.
Grand Rapids district:
Orders:
Canceled—
percent of new orders.
New.
.no. of days' productionUnfilled, 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' productionSoutheastern district:
Orders, unfilled, end of month
dol., average per firm.
Shipments
dol., average per firmPrices, wholesale:
Beds
1926=100.
Dining-room chairs, set of 6
1926=100.
Kitchen cabinets
.1926=100.
Living-rooin davenports
_ 1926=100.
Steel furniture. (See Iron and Steel Section.)

71.5
90.1
87.5
79.4

4.0

10

18
29.0
6

11,894 ! 37,518
19,698 | 37,943
76.1
91.0
87.5
79. 4

METALS AND

|
j
!
!

76.1
90.1
87.5
79.4

18 |
28.5 !

18
20.0
8

34,123 i 27,627
51,145 ! 58,196
76.1
90.1
87.5
79.4

76.1
90.1
87.5
79.4

18,911
46,177
74.9
90.1
87.5
79.4

5.0

5.0
8 i

15
19.0
5

15
22.0

7

17
25.0
8

18,934
26,360
44,612 | 30,821

40,317
46,943

34,759
32, 674
63,349 | 60,211

73.2
90.1
87.5
79.4

71, 5
90.1
87.5
79,4

71.5
90.1
87.5
79.4

16 !
24.0 I

71.5
90.1
87.5

79.4 t

71.5
90.1
87.6
79.4

MANUFACTURES

IRON AND STEEL



ooo

Foreign trade, iron and steel:
Exports§
long tons.. 220, 209 164, 755 157,»J00 .184,570 178 023 151,184 261. 269 201,539 241, 753 219,406 j 233,186 242,947 i> 301, 33026,862 ; 29, 465
38, 393
24s. &5S j 17,676 32,418 ! 23,847
25, 407
Imports*#
long tons_. 20, 202 46, 673 28,979 ! 31,310 : 22 653
Price, iron and steel composite *
32.97
32, 67
32. 96
32. 32
32. 24
31.38
3 .15
31.30
30.25!
32.10
32.16
do!, per long ton..
31.01
Sales, iron, steel, and heavy hardware
109 !
82
January 1921 = 100..
0)
0)
Ore
1
Iron ore:
Consumption by furnaces
2,470
i
2,958
1,600
2,
721
1,444
1,728
2,190
1,236
1,460 ! 1,598
1,656
1,306
thous. of long tons..
202
196
154
64
79
107 j
86
89
151 !
99
128 !
Impqrts#
-thous. of long tons..
188
77
Receipts:
Lake Erie ports and furnaces
0
1,468
3,362
0
3,092
3,118
2,343
3,421
918
20
0
1,761
thous. of long tons..
683
0
1,090
0
1,151
1,147
1,120
359
0
0
1,025
960
Other ports.
thous. of long tons..
2,631
0
4,461
4,432
0
4,162
2,641
4,543
785
6
0
3,439
Shipments from mines..thous. of long tons..
Stocks, total, end of month
25, 598
29,961
26,581
27,043
32,713
34,914
thous. of long tons.. 36,341 36, 345 36, 200 34, 673 32,973 ' 31, 216 29,041
29,713
27,858
At furnaces.._
thous. of long tons.. 31,056 31,044 30,794 29,346 27,727 26,040 24,060 22,010 21,218 22,700 25,461
4, 571
4,380
4,500
4,981
4,343
5,201
4,856
5,285
5,301
5,406
5,246 ; 5,176
Lake Erie docks
thous. of long tons..
5,327
0
Manganese ore, imports (manganese content)
20
49
48
30
21
2
8
thous. of long tons-.
13
Iron, Crude and Semimanufactured
Castings, malleable: *
32,639
21,862
24,499
38,453
21,306
19,511
Orders, new...
_
short tons.. 18, 785 19, 933 20,830 ! 26,305 32,501 i 36, 594 42,961
37,165
43,438
40, 742
28,340
23,388
23,910
21,541
30,417
33, 939
Production
.
...short tons.. 25,317 24,381
21,944 j 21,870
42.7
47.9
49.9
33.4
27.6
27.8
40.1
25.6
28.4
25.6
35.8 !
Percent of capacity...
30.3
25.0 i
39,493
41,530
39,817
31,607
27,591
25, 784
20,360
Shipments
short tons.. 21,683 20,422
26,642 ; 31, 412
19,676 I 22,310
Pig iron:
Furnaces in blast, end of month:
5,585
31,295
28,215
Capacity
.long tons per day.. 31,310 39,755 34,410 ! 35, 505 41,085 46, 260 53,720 63,270 ! 67,300 48,190
110 !
75
62
96
Number
89
79
65
62
87
75 i
117 I
89 I
b
Figure incorrectly shown in November 1934 issue as 30,330. * Temporarilly discontinued.
* New series. Earlier data on furniture activity, all districts, not published. For imports of iron and steel, see p. 20 of the November 1932 issue, for castings,, p. 20 of
the April 1933 issue. New series on iron and steel composite price will be shown in a subsequent issue.
§ Data revised for 1932. For revisions, see p. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 1933;
see p. 20 of the September 1934 issue.
t Revised. Data prior to April 1933 not published.
t Beginning with January 1934 the report includes all known cperatcrs. Prior to this time approximately 89 percent of the listed capacity was included.
• Imports from Cuba not included.
# See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.

1 Data for November 1933, March, June, and August 1934 are for 5 weeks; other months, 4 weeks.

47

SURVEY OF CURRENT BUSINESS

December 1934

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decemin the 1932 Annual Supplement to the Survey
ber
ber

METALS AND
I R O N A N D STEEL—Continued
Iron, Crude a n d S e m i m a n u f a c t u r e d —
Continued
Pig iron—Continued
Prices, wholesale:
Basic (valley furnace)—dol. per long t o n . .
Composite pig iron
dol. per long t o n . .
Foundry, no. 2, northern CPitts.)
dol. per long t o n . .
Production
—
-thous. of long t o n s . .

Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range: t
Orders:
New.number of boilers..
Unfilled, end of month, total
number of boilers.Delivery, 30 days or less
number of boilers..
Delivery, more than 30 days
number of boilers._
Production,.
.number of boilers..
Shipments
number of boilers..
Stocks, end of month., .number of boilers..
Boilers, round:
Production
thous. of 1b.
Shipments
thous. of lb.
Stocks, end of month
thous. of lb._
Boilers, square:
Production
.thous. of lb_.
Shipments
thous. of lb.
Stocks, end of month
thous. of lb..
Boiler fittings, cast iron:
Production
short tons..
Shipments
.short tons..
Boiler fittings, malleable:
Production
... ..short tons..
Shipments
short tons..
Radiators:
Production
thous. of sq. ft. heating surface-.
Shipments-thous. of sq. ft. heating surface..
Stocks, end of month
thous. of sq. ft. heating surfaceRadiators, convection type: *
New orders:
Heating elements only, without cabinets
or grilles
thous. of sq. ft. heating surface t-Heating elements, including cabinets and
grilles
thous. of sq. ft. heating surface $..
Sanitary Ware
Bathroom accessories: f
Production
_
.number of pieces..
Shipments
number of pieces..
Stocks, end of month
number of pieces..
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars.
Porcelain enameled flatware:
Orders, new, total
dollars.
Signs
dollars..
Table tops
..dollars..
Shipments, total
..-dollars..
Signs _
dollars.,
Table tops..
dollars..
Porcelain plumbing fixtures:
Orders:
New, net
number of pieces. .
Unfilled, end of month., number of pieces..
Shipments
number of pieces-Stocks, end of month
number of pieces. .
Vitreous-china plumbing fixtures:
Orders:
New, net
number of pieces..
Unfilled, end of month, .number of pieces..
Shipments
number of pieces.Stocks, end of month
number of pieces..

1934
I Febru! ary

March

April

May

June

July

August

September

MANUFACTURES—Continued

18.00
18.94

17.00
17.84

17.00 j
17.84

17.00
17.94

17.00
17.94

17.00
17. 94

17.00
17. 94

17. 25
18.36

18.00
18.94

18.00
18. 94

18.00
18.94

18.00
18.94

18.00
18.94

20.39
951

19.39
1,356

19. 39
1,085

19.39
1,182

19.39
1,215

19.39
1,204

19.39
1,620

19. 64
1,727 |

20. 39
2,043

20.39
1,930

20.39
1,225

20.39
1,054

20.39
898

68,144

34, 273

39,326

35, 683

34,627

33, 576 I 36,006

« 51,73-1

17,013

11,338

11,818

9,738 j 9,993

12, 724

13,101

8,688

7,844 \ 8,695

11,878

10,195
9, 492

29,174 I 30, 509
|
13,307
7,612 i 6,905
5,726 j 5,407
6, 275

45,788 1 88,274 | 39,974

j

|

20,555
16,454 i
4,101
43,466
38, 640
38,823

21,725 I
19,002 !
2,723 !
80,668 !
87,104
32, 387

14,368
12,044
2.324
49,100
46,301
35,186

3,912
35, £60
36,681
34, 465

84ft
1,894 ! 1,208
33,255 i 37,735 « 45, 375
33,746 I 35,751 " 49, 003
33,869 ! 35,853 « ?.?, 225
3,886
2,691 ! 4,195
3,982
4,133 ' 3,342
4,913
6, 258
I 2,827
2,544
2,659 ! 2,361 2, 592 I 4, 571
42,035
j 40,558 42,012 43,585 i 44,544 44,739 i 44,437
!
15,030
15,255
11,965
15,014 ! 15,408
11,652 15, 554
25, 208
8, 241
8, 287
8,332 ! 10,029 11,172 ! 17,860
111,740
108,077 111,800 I 118,411 ! 123,656 124,414 |121,973

703
63,434
67,673
27,986

1,886
46,366
44,405
40, 561

1,498
28,589
29,881
39, 269

7,032
22,205
27,125
33,897

5, 702
10, 652
37,136

5,820
9,374
25,329

4, 531
5, 500
24,636

3, US
35,005

4,8P0 j 4,246
2,823
3,081
35,685
40,012

18,833
34,185
96,329

11,336
24,841
104,835

10, 622
14, 622
100,784

9, 048
9, 064
89, 667

9,980 i U,42S
8,300 8,710
96,896 104,263

4,991 j 4,608
4,965 | 4,467

3,344
3,592

4.178
3,184

2,839 1 2,184
2,206 ' 1,680

1,581
1,627

4,237
4, SOS
3,572
6,362
2,570 2,610
3,414
2,300

2,730
2,094

4,680
9,292

3,273
6,076

2,989
4,794

1, 655
2,870

2, 266
2,484

2.923
2,663
2,182 ! 2,682

2fi,517

32, 926

31,249

30, 029

94

137

123

95

196

172

160

CO

143,483
133,574
371,499

348,414
357,964
357,406

191,441
182,852
365,995

94,141 169,894
88, 297 174,069
361,424 357,249

207.03

214.96

699,141
248, 598
178, 245
750, 436
269,665
205,059

609,456
264,384
82, 274
618,572
251,120
97,210

2,427
3,298
2,771
7,873

3,414

30, 295 I SO, 593

126 i

204.10

204.17

668, 426
446,101
44,194
5f 6, 450
219, 762
] 50, 208

346,459
173, 676
42,609
439,693
257, 021
48,538

391,358
165, 402
62,019
472, 676
238,110
62,900

2,242 5,831
6,201 I 9,264
3,135
2,548
9,402
10,076

1,598
8,947
1,562
10,071

209.82

245,698 46,981 i 31,370
158,326 120,597 I 87,768
197, 855 99,403 i 64,199
505, 677 414,906 j 477,474

2,409
2,307

I
I
I
!

I

P, 150

2, 6£0
41,021
41,358
34,128

2, 668
34, 741
33,180
34, 902

3,667
3,564

3,557
3,604

3,405
3,586

2,450
2,175 {

2,856 | 2,436
2,570 I 2,445

4, 282
5,336

4,011
6, 262

33, 867 | 32, 069

30, 885

3,060 ; 3,064
3, 483
2,630 \ 3,197 3,136

31,389 ! 32,775 j 33,537

45

3,333 I 3,914 4,225
4,655
3, 523 | 4, 651
2,282 I 2,174 2,383
2, 354
2,180 | 2,484

62

30 j
135

95 !

122

128 I

178

147,407 j 167,084 108,593 233,176 | 222,872 156,270 ! 205,380 349, 072
136,027 j 161,893 106,716 219,629 ! 223,461 150,739 j 211,005 328,010
568,629 ! 374,420 376, 297 383, 646 I 383,567 383,161 375,376 376,512
216.88 I 2)8.91

204.7

521,796 !731,321
155,005 !197, 691
106,895 105,844
530,096 715,665
204,817 !231,974
99,165 I 114,041
j
!
1,508 ! 1,455
1,818
8,320 i 6,888
8, 722
1,779 ' 2,594
1,909
9,162
9,575
8,951

817,818
286, 555
119,387
722, 258
215,673
117,335
1,787
6,276
2,074
9,140

217.88 ! 218.16

899,506
343, 340
112,665
842,156
302,888
110, 862

736,858
266,811
107,398
826,975
307,511
116,601

594,146
226,883
110,079
738,460
304, 752
106, 273

1,822
5, 277
2, 354
10, 422

1,722
4,852
1, 769
10,981

1,785
4,390
1,954
10,762

I
I
j
I

719,146
306.463
145.464
740,802
332,917
145,001
!
|
I
1

2,723
4,333
2,542
9,626

110,209 126,652
97, 710 105,703
115,899 118, 659
658,788 | 636,872

211.26
636,811
193,716
220, 279
652,158
232,200
195, 641
2,017
3,854
2,198
8,847

35,067 56, 577 79,106 60,045 93,688
80,173 81,334 89,878 75,198 80,450
42, 662 55, 416 70,688 74, 725 88,436
579, 227 643,054 660, 658 683,797 700,419

116,523
87,095
109,878
693,986

j 127,557
I 103,400
! 111,252
! 677,830

25,989 i 27,838

28,885

30,809

29,940

18,130 i 17,622

14,304

60,046
26, 758
38.3
39, 491
12,174
25.2

63,142
32,818
40.3
46, 242
18,324
29.5

46,831
16,812
29.9
57, 313
23, 309
36. 6

41,537
10, 408
26.5
50, 268
}S,£04
32.1

41,822
22,407
26.7
46,182
17,661
29.5

20,030
4,417
12.8
31,816
11,152
20.3

134,088
111,083
123,708
597,803

Steel: Crude a n d Semimanufactured
Bar, steel, cold finished, shipments.short
Castings, steel: •
Orders, new, total.
short
Railway specialties
short
Percent of capacity...
Production, total
.short
Railway specialties
short
Percent of capacity
Ingots, steel: §
Production
thous. of long
Percent of capacity

tons..
tons_.
tonstons..
tons..

18,500

27,877

21, 792

42,036

26,135
6,649
16.7
27,826
6,093
17.8

25, 558
4,140
16.3
24, 721
4,625
15.8

25,612 26, 296
4,900
5,852
16.4
16.8
23,718 27,644
5,024
7,085
15.1 | 17.6

19,409

35, 698
15, 471
22.8
28, 526
6, 428
18.2

25,538
5,697
16.3
43, 748
17,741
27.9

1,482
1,252
2, 761
1,473
1,363
2,085
1,521
1,799 I 1,971
2,183
3,353 f 3,016
2,8
25
41
53
23
46
23
37
33 I
33
27
53
27
56;
* 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.
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.
j Data for 1933 revised. See p. 47 of the August 1934 issue. For 1932 revisions, see p. 46 of the July 1933 issue.
• See footnote on p. 20 of the October 1934 issue.




tons..

48

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and refer- j
Novemences to the sources of the data, may be found i Au ctl 0,D e r
October
ber
in the 1932 Annual Supplement to the Survey j

METALS AND
IRON AND STEEL—Continued
j
Steel: Crude and Semimanufactured — |
Continued
j
Prices, wholesale:
I
Composite, finished steel
dol. per lb._
Steel billets, bessemer, Pittsburgh
dol. per long ton..
Structural-steel beams, Pittsburgh
j
dol. perlb..
Steel scrap, Chicago
dol. per gross ton__
U. S. Steel Corporation:
Earnings, net
thous. of dol
Shipments, finished products * Ions tons.J
Steel: Manufactured Products
j
Barrels, steel:
I
Orders, unfilled, end of month
number..
Production
number..
Percent of capacity
Shipments
number..
Stocks, end of month
number..
Boilers, steel, new orders:
Area
thous. of sq. ft..
Quantity
number of boilers..
Furniture, steel:
Business group:
Orders:
New
thous. of dol_.
Unfilled, end of month
thous. of dol..
Shipments
thous. of doL.
Shelving:
Orders:
New
thous. of dol_.
Unfilled, end of month
thous. of dol_.
Shipments.
thous. of doL.
Safes:
Orders:

. 0244

.0226

. 0226

December 1934
1934

Februj January
ary

March

MANUFACTURES—Continued

.0231

. 0231

. 0253

. 0253

.0246

.0244

.0244

27.40

27.00

27.00

.0181
9.55

.0180
9.19

.0180
8.50

21,082
6, 579
385, 500 588, 209 643, 009 745, 063 985, 337 369,938

.0231

. 0231

. 0240

27. 00

26. 00

26. 00

26. 00

26.00

26. 00

26.00

26. 75

29.00

29.00

.0180
8.75

.0170
9.33

.0170
8. 56

.0170
8.94

.0170
10.50

.0170
11.00

.0170
12.13

.0170
11.75

.0185
10.95

.0185
9.75

343,962

5, 537
572, 897 430, 358 600, 639 331,777

378, 023

3, 769
370, 306

460, 880
524, 232
36.7
516,684
32,123

492, 072 333,443 597, 453 527, 377 500, 355 726, 569 820, 884 865,012 935, 651 684,403 605, 573
798, 981 577,017 556, 586 662, 293 521, 950 620, 439 589,182 431.567 612, 695 519,444 316,340
42.8
36.7
22.3
41.9
46.0
43.6
30.1
58.9
42.6
38.6
48.8
789, 474 582, 299 556, 627 660, 688 520, 987 628, 485 590, 337 426,175 607, 692 528, 847 318, 678
42,685 37, 403 37,151 38, 479 39,442 31, 396 30, 241 35,633 41,158 31,755 29, 461

596, 694
363,885
25.5
368, 771
24,575

416
696

427
395

287
296

309
328

236
249

227
212

376
294

441
380

277
304

360
415

385
458

566
597

539
626

993
664
998

800
794
825

865
764
800

964
719
1,040

1, 059
781
997

1,023
910
894

1,020
975
956

972
1,013
934

1,039
975
1,011

1,115
1,044
1,046

866
1,047
863

870
815
1,101

813
668
879

243
139
224

« 188
»241
a 147

288
231

260
276
215

274
272
279

396
272
395

. 321
246
346

343
301
288

253
200
354

222
191
231

206
172
226

209
120
261

thous. of dol_-I
New. •
147
Unfi'
m d of month
thous. of dol._
181
Shiprthous. of dol. .
142
Lock wasritih, shipments
thous. of d o L .
130
Plate, fabricated steel, new orders, total
short tons_. 15,452
Oil storage tanks
short t o n s . .
927
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short tons. _ 102,920
Unfilled, end of month
short t o n s . . 77, 423
Production, total
short tons.- 104, 89S
Percent of capacity
32.3
Shipments
short tons._ 95,107
Stocks, end of month, total
short tons.- 102, 264
Unsold stocks
short t o n s . . 63, 667
Tin and terne plate:*
Production
thous. of long t o n s . .
Track work, production
short t o n s . .
,153

158
132
118

136
147
147
118

125
151
113
170

131
156
126
190

143
174
126
174

158
166
166
231

154
157
164
246

159
160
161
238

186
194
153
201

136
200
130
171

162
196
166
162

118
177
130
87

17, 964
1,434

14, 466
3,734

13, 692
2,160

15,897
3, 754

14,641
2,476

38, 924
2,202

20, 085
2,998

21, 891
8,746

27, 395
11,019

12, 523
2,028

16, 293
3,334

15,108
3,445

79,141 88, 354
102, 262 94, 270
146,106 102, 585
45.0
31.6
174,829 99,499
105,331 105,950
52, 353 55,495

110,263
92, 831
113,111
34.9
111,867
101,220
51, 622

209, 463
166,182
163, 622
50.4
130,878
106, 310
54.922

184, 355
206, 292
194, 830
60.0
146,905
117,230
63, 600

158, 244
159, 672
220, 282
67.8
200, 701
114, 934
57, 722

272;412
251,123
214,522
66.0
184, 042
135, 796
53.683

246,315
257, 845
256, 537
79.0
240, 730
137, 510
48, 714

114,855 72, 517 66, 064
74, 392 69,472 64, 270
199, 438 85,286 77,197
23.8
26.2
61.4
301,832 85, 442 77, 706
106,950 110,400 109,282
56, 666 71,362 71.968

77, 063
67,062
76, 051
23.4
73, 260
99, 888
64,398

186
3,087

175
2,759

85
2,811

101
3,310

164
4,446

160
6,132

166
5, 764

115
5, 364

85
3,383

188
3,006

150
6,184

80
5, 226

MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new, total
thous. of dol._
1,094
1,098
760
631
1,153
1,147
830
747
1,097
1,160
1,397
629
881
141
Air-washer group
thous. of dol._
50
300
241
141
64
66
52
254
57
198
261
83
423
363
490
477
Fan group
thous. of dol._
373
340
518
500
307
282
353
518
547
534
346
363
529
393
341
406
Unit-heater group
thous. of dol._
329
335
297
767
265
318
Electric overhead cranes:
Orders:
194
59
94
52
84
120
89
167
New
thous. of doL.
136
43
38
319
123
234
689
659
216
477
563
651
195 |
279
260
522
518
Unfilled, end of month
thous. of dol..
479
54
79
89
143
151 |
54
70
80
123
78
75
99
Shipments
thous. of doL.
88
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
46.4
37.2
36.6
65.8
75.4
70.4
55. 3
42.6
43.8
66.5
50.7
43.1
67.9
New
1922-24 = 100..
46.6
33.8
31.7
29.6
35.2
56.3
51.5
52.1
57.8
43.1
36.3
49. 1
63.0
Unfilled, end of month
1922-24 = 100..
37.0
42.1
38.2
33.4
75.6
67.2
38.3
42.9
62.6
64.3
48.7
51.5
55.5
Shipments
1922-24 = 100..
Fuel equipment:
Oil burners:*
Orders:
5, 871
3,234
2,941
3,067
8,003
5,015
5,445
7,840 11,921 a 15, 634
New
no. of burners.- 17,754 12, 242
7,479
2,113
2,594
1,640
1,476
1,604
1,621
1,652
2,618
3, 715 « 2, 321
Unfilled, end of month..no. of burners..
2,486
1,923
3,331
6, 352
3,439
3, 259
2,813
4,967
Shipments
no. of burners. _ 18,454 14, 222
6,645
7,871
5,536
6,432 11,537 a 17,028
13, 999 13, 684 14,882 14, 609 13, 797 13, 627 14,988 17, 823 18, 753 17, 635 « 14, 280
Stocks, end of month
no. of burners.. 11,180
Pulverized fuel equipment:
Orders, new, storage system:
Furnaces and kilns.-.no. of pulverizers..
0
2
0
0
0
0
0
0
0
0
2
Water-tube boilers--.no. of pulverizers._
0
0
0
0
0
0
0
0
0
Orders, new, unit system:
2
Fire-tube boilers
no. of pulverizers._
0
0
2
3
0
0
0
3
0
Furnaces and kilns--.no. of pulverizers..
0
0
1
0
4
4
1
2
0
0
Water-tube boilers no. of pulverizers__
15
4
6
4
3
5
0
15
19
Stokers, mechanical, new orders:
Class 1, residential*
number. __
1,048
1,896
715
Class 2, apartment and small commercial*
number. .
150
208
115
Class 3, general commercial and small com!
mercial heaters*
number - _
101
209
90
Class 4, large commercial:*
Number
162
168
113
Horsepower
25, 464 29, 891 17, 967
a
Revised.
* New series. For earlier data see p. 18 of the January 1934 issue, United States Steel Corporation shipments, p. 20 of the December 1932 issue, tin and terne plate, p. 19
of the January 1933 issue, stokers. Current oil-burner series available only back to January 1933 are based on reports from 149 concerns; see p. 48 of the May 1934 issue for
 1933 data.



1

49

SURVEY OF CURRENT BUSINESS

December 1934

1934

1933
Monthly statistics through December 1931, 1 9 3 4
together with explanatory footnotes and referNovemences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey October October
ber

METALS AND

January

February

March

April \ May

July

June

! August

September

MANUFACTURES—Continued

MACHINERY AND APPARATUS—Con.
Machine tools :U
Orders:
New*
1926=100..
Pumps:
Domestic, water, shipments:
Pitcher, hand, and windmill
units... 20,217
664
Power, horizontal type
units
Measuring and dispensing, shipments:
Gasoline:
620
Hand operated
units
Power
units - _ 2, 241
Oil, grease, and other:
5, 942
Hand operated
units..
766
Power
units.
Steam, power, and centrifugal:
Orders:
663
New
thous. of dol - .
388
Water-softening apparatus, shipments}: .units..
4. 895
Water systems, shipments!
- .units..
Woodworking machinery:
Orders:
4
Canceled
thous. of do]..
222
New
thous. of dol.._
Unfilled, end of month
thous. of dol.
228
Shipments:
1,52
Quantity
machines .
227
Value
thous. of dol_.

70. 0
24, 468
505

20, 178
427

379
1,751

274
1,103

7, 889
916

6, 517
683

638
"263
• 4, 477

607
" 262
' 3, 118

!

53. 7

48. I j

46. 5 j

45. 9 I

35. 3 !

34. 7

17,539 j 21,242
395 I
317

32,734
450

30, 620
639

26, 887
553

29,848 I 34,320
777 I
715

27, 851
891

34.077
821 I

23.454
635

262
1.356

488
1,262

659
1,890

834
1, 894

685
2. 745

692 j
773
3.327 ! 2,712

3,193

620 !
2.630 |

538
1,867

3, 003
342

4. 4C)ti
411

5.323
621

5. 119
404

6, 678
613

6. 960 j 5, 526
579
608 i

5, 242
488 i

5.092 |
614 i

4, 860
614

663
" 248
4, 144

469 i
727 j
324 I
322 I
4.835 ! 6,691 j

($54
386
5.275

665 :
486 I
7.501 I

541
580 j
274
320 |
6.331 7,618 '

637
354

256
263

- - .1
244 I
225 i

3
237
233

252
297

262
312

1
172
211

172 !
292 I

123
220

127
186

148
239

199
242

12,985

545
' 227 !
!, 646

703 I
332 I
8.818 !

8
240
262

26
214
256

8
209
215

279 I
277 ;

8 |
286 |
303

202
273

131
!92

143
243

136 !
213 i

199
244

199
342

21, 636

13, 633

7,958 i 14,365 j 13,936

13, 534

10, 576

13, 394

13, 249

. 2290
.0738

.2290
.0738

. 2290
. 0788

.2290 i
.0836 |

.2095
. 1025

. 2095
. 1069

. 2095
. 1106

.2095
. 1003

. 2095
.0938

. 2095
. 0907

. 2095
. 0888

2, 091
536
1, 555

1,964
357
1,606

1,459
416
1,043

2.256 | 2,147
417 |
431
1,716
1, 839

2,474
498
1,976

2. 528
564
1,964

2,426
536
1,890

2. 262
643
1,619

1,989
553
1,435

1,856
457
1,400

1,653
380
1,273

10, 733
8,164
8,164
. 0795

13,108
15, 338
15, 334
.0788

15, 962
18, 290
18, 287
. 0789

14, 459
16,092
15, 700
. 0789

19,395
5, 785
5,533
. 0778

24, 210
25, 382
24, 729
.0778

24. 925
13,724
13.418
. 0817

22, 306
15, 247
15,011
.0828

30, 721
23, 226
23, 221
. 0859

25, 324
14, 780
14, 724
.0878

24, 279
16, 565
15,048
.0878

24. 476
12,236
10, 895
.0878

29, 847
3, 495

28.941
2,224

27.471
1,590

25, 592
1, 524

22,137
1,404

24, 375
3,597

24, 005
2, 933

25, 729
3, 390

21, 803
5, 082

22, 304
1, 518

26, 080
2,238

26. 713
3,901

645
.0431
35, 399
33, 314
174, 721

933
.0429
38, 459
30, 719
187,814

1,732
.0414
36, 649
26,034
203, 061

826
.0400
34,818
33,911
207, 674

0
.0400
31,892
25, 778
216, 224

1,928
.0400
31, 379
30, 365
221,465

955
.0418
28, 723
30, 673
222, 892

1,537
.0414
34, 741
29,316
233, 245

1,662
.0398
29, 695
28, 276
238, 181

1,719
.0377
27, 354
29, 479
240, 595

1,587
. 0375
22, 999
33, 606
234,312

2, 055
.0369
27, 07O
36,018
230; 219

2,920
6,035
6, 895
.4792

2,880
3,350
3. 335
. 5307

2, 710
3, 130
4, 425
. 5287

1.320

1,570
2,940
1,944
. 5162

2,540
3,835
3,569
.5374

2,480
4, 405
3,307
. 5560

2, 570
4,110
3,932
. 5352

2,330
3, 845
4,242
. 5122

1,240
3,575
4, 900
.5192

1,780
4,045
2,826
.5195

1, 320
3, 850
3,231
. 5149

27, 940
6, 664

26, 075
6, 769

23.812
7, 504

22,476 I

21, 694
8,209 ! 7,014

20, 423
6, 459

17, 704
5, 649

17,371
5, 089

17,251
5, 094

16, 313
6,461

15, 494
4, 968

15,386
4, 243

24, 637
13, 787

19, 083
15,514

28. 255
12,000

20. 802
19, 428

26, 487
17,211

25, 689
16, 562

25, 300
17,922

34, 934
21, 788

11,820
13, 368

27, 686
16, 992

31.782
21,290

. 0437
. 0435
30, 562
30, 992
26, 692
27, 193
31, 948
35, 635
31,948
35, 635
109, 375 104, 732

.0424
25, 143
31, 284
30. 186
30, 138
99. 689

.0432
24, 843
30, 324
26, 950
26, 950
97, 582

.0428
26, 269
30, 442
21, 659
21, 659
102, 192

. 0405
26, 592
31, 352
21, 990
21, 990
106, 794

6
292
250

NONFERROUS METALS AND
PRODUCTS

143

;

247 I

Metals
Aluminum:
Imports, bauxite#
long tons-.! 16, 749
Wholesale prices:
. 2095
No. 1, virgin, 98-99 (N.Y.) -. .dol. per lb_
_dol. per lb_
Scrap, cast (N.Y.)
.0923
Babbitt metal:
t h o u s . of lb_
Production, total
1.808
t h o u s . of l b 444
For own use.t h o u s . of l b .
1,364
Sales
Copper:
_ short tons29, 784
Exports, refined §•
. short t o n s . .
22, 817
Imports, total §#
_short tons..
19, 131
Ore and blister
.0878
Price, electrolytic (N.Y.)— .dol. per l b .
Lead:
Ore:
..short tons.,
Receipts in U.S. ore
Shipments, Joplin d i s t r i c t . . . .short tons
1, 183
Kenned:
-.short tons2,726
Imports#
Price, pig, desilverized (N.Y. )_dol. per lb_.
. 0365
-short tons., 31, 243
Production
-short tons_
Shipments, reported
35. 943
-Short tons.. 229. 859
Stocks, end of month
Tin:
Consumption in manufacture of t i n a n d
.--long tons..
terne plate*
-long tons_
Deliveries
2, 925
-_long t o n s . .
Imports, bars, blocks, e t c j
3, 148
-dol. per lb_
Price, Straits (N.Y.)
. 5693
Stocks, end of month:
- .long t o n s . ,
World, visible s u p p l y . 16, 475
-long t o n s . .
United States
4, 998
Zinc:
Ore. Joplin district:
Shipments
short t o n s . .
21,203
-_short t o n s . .
Stocks, end of month
17, 337
Price, slab, prime, western (St. Louis)
dol. per l b .
. 0383
Production, total (primary)§..._ short t o n s ,
34. 540
Retorts in operation, end of mo . - - n u m b e r 31, 964
short t o n s . ,
Shipments, total §
30. 307
-short t o n s . ,
30, 307
Domestic^
Stocks, refinery, end of month §. --short t o n s . . 111.027

3,310 I
0 i
.5188 |

. 0452
. 0446
. 0475
.0427
32, 582
35,141
32. 022
32. 954
28, 142
26, 820
27, 190
28. 744
26, 783
37. 981
27, 685
26. 532
26, 783
37,937
26, 488
27. 663
95, 424 101, 223 105. 560 111.982

. 2095
.0981

21.600
14,778

.0437
. 0438
30. 172
33, 721
30, 763
26,952
32, 361
32, 753
32. 361
32, 750
109, 793 110, 761

m, 685

Electrical Equipment
Conduit, nonmetallie, shipments-thous. of ft.- i
1,981
1,111
1,488
1,551
1, 426
1, 609
1,575
1,252
814
Delinquent accounts, electrical trade. (See j
Domestic trade.)
Furnaces, electric, new orders
kilowatts.
981
1,422
1.462
829
1,415
1,090
479
484
1,163
1,150
Electrical goods, new ordersf (quarterly)
thous. of dol. .
92, 302
88 544
100, 334
128, 034
Laminated phenolic products, shipments
561, 984 493, 125 438 483 601. 395 566, 490 844, 449 780,160 760, 788 804, 870 667,198 695, 382
dollars. 561, 273
Mica, manufactured:
Orders, unfilled, end of month
thous. of doL.
157
124 |
107 !
142
78
78
112
63
53
57
67
46
Shipments
thous. of dol _ 100 I
121
111
158
111
120 j
99
147
114
106
99
Motors (direct current):
Billings (shipments)
dollars....
238, 047 295, 298 414.804 ] 220, 776 309, 232 274, 937 287, 031 280, 771 335, 307 260, 355 297, 734
209, 308
Orders, new
dollars 272, 973 283, 037 375,719 235, 394 215,558 337, 280 245, 784 321, 483 366, 613 207, 654 243, 700
242, 528
Panelboards and cabinets, shipments
thous. of doL.
162
191
192
152
148
197
225
211
205
207
328
* New series; for earlier data, see p. 20 Tof the December 1932 issue for tin and terne plate; p. 20 of the July 1934 issue for machine tools (including forging equipment).
f Revised series; for earlier data on new
orders
for
electrical
goods
see
p.
19
of
the
August
1933
issue.
t Present series on writer systems nowT cover 49 companies. Data revised beginning January 1933. Revisions for 1933, January, 3,544; February, 2,921; March, 2,800;,
April, 3,752; May, 5,681; June 6,489; July, 7,682; August, 7,685; and September, 6,188. Data on water softening apparatus covering 28 companies also revised. For 1933,
January, 231; February, 221; March, 200; April, 215; May, 260; June, 285; July, 248; August, 295; and September, 388.
• Data on exports revised for 1933; see p. 20 of the September 1934 issue.
1! Series covering shipments and unfilled orders temporarily discontinued.
§ Data for 1932 revised; for revisions see p. 48 of the June 1933 issue, exports of refined and total impo so copper; for 1933 revisions on zinc, se
.49 of the February
1934
issue.

# See footnote on p. 35 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue.



50

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January- Februber
ary
in the 1932 Annual Supplement to the Survey
ber

December 1934
1934

March

April j May June

July

August Septem
ber

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Electrical Equipment—Continued
Porcelain, electrical, shipments:
59.028 51.736 42.433 30,426 28,568
Special..
.
.dollars-. 56,099
263 25,118 23,738 14,657 20, 543 17.244
Standard.
.dollars.. 27, 277
312
404
173
177
180
Power cables, shipments...
thous. of ft-.
Power switching equipment, new orders:
322 28,619 27, 178 31,347 32.289 33,122
Indoor
dollars.. 35,
Outdoor
_
.dollars.. 96,646 47, 550 38,321 39,083 38,002 43,075
Radiators, convection type. (See Iron and
steel.)
Reflectors, industrial, sales
units.. 56,021 59,451 47, 770 53.768 49,978 45,604
Vacuum cleaners, shipments:
59, 246 62,000 60,000 45,006 54,000
Floor cleaners
..number..
15,945 13,856 18, 357 14.802 11,908
Hand-type cleaners*
number..
VTulcanized fiber:
1,591
1,464
1,306
1,876
1.741
1,798
Consumption
thous. of lb_.
406
313
294
353
313
315
Shipments
thous. of dol..
Welding sets, new orders:
4
0
9
4
4
Multiple operator
.units..
141
252
176
306
219
Single operator.
units..
Miscellaneous Products
Brass and bronze (ingots): •
4,322
Shipments and deliveries
net tons.. 957,863
3,764
2,663
2,145 I 4,053
Brass, plumbing:
695,863 526,883 347,988 ' 552,353 660,820
Shipments*
number of pieces..
. 139 ! . 138 .138
.148
.148
Brass sheets, wholesale price, mill..dol. per lb.. """"."145
Copper, wire cloth:
Make and hold-over, end of month
thous. of sq. ft..
New...
thous. of sq. ft..
Unfilled, end of month
thous. of sq. ft..
Production
thous. of sq. ft..
Shipments...
thous. of sq. ft..
Stocks, end of month
thous. of sq. ft..
Fire-extinguishing equipment. (See automobiles.)

41
417
441
357
371
735

107
316
603
459
489
636

97
325
568
391
351
657

93
249
460
364
339

80
368
459
356
312
714

43, 433
22,403
390

40,374
27,666
321

42,307
22,169
312

51.359
21, 539
363

53.523
22,383
337

49.371
24,691
470

39,351
23,599
220

33.903
92,297

35,475
86,788

33,283
115,806

27,611
90,477

22,920
125.838

45,045
107,437

36.728
113,002

48.456

52,453

57,641

46,681

44.666

50,746

48,256

78,475
23,461

65,526
18,759

65, 213
21,738

50,348
20,014

40,065
12,025

50.211
18.097

63,936
21,768

1,908
387

1,767
357

1,912
432

1,833
451

1,839
316

1.552
329

1,333
270

2
335

9
332

1
395

1
333

2
292

1
241

5,291

5,223

5,143

4,941

4,317

3,757

3,260

799,592
.138

704,816
.140

788,911
.143

740,222
.144

693,979
.145

707,156
.145

708,694
.145

63
691
798
430
384
748

56
314
745
418
378
788

61
279
622
350
325
814

48
238
461
343
401
725

49
282
423
281
300
718

50
393
382

47
292
407
331
273
747

76
307
451
324
311
714

PAPER AND PRINTING
WOOD PULP

Chemical:
Consumption and shipments, total t
303,620 267,383 278, 551
short tons.
32,637
28,081
33,897
Soda
short tons.
147, 783 144,472 153, 579
Sulphite, total—
short tons.
67,770
54.412
65,050
Bleached...
short tons.
80.013
88,529
90,060
Unbleached
short tons.
91,075
123. 200
94,830
Sulphate
short tons.
165,
936
158,815
191,019 218,833
Importsf#
- short tons..
139, 835 144,133 109,405 77,150 125,486 136,947 150,031 142,864 139,512
Price, wholesale, sulphite, unbleached
2.10
1,91
1.95
1.95
2.10
2.10
dol. per 1001b..
2.10
2.10
2.10 I 2.10
2.10
2.10
2.10
306, 576 275.405 275, 700
Production, totalf.short tons.
33,000
28,831
34,448
Soda
short tons. _
150, 253 149.809 151,434
Sulphite, total...
short tons.
68, 524
57,155
64, 726
Bleached
short tons.
81,729
92, 654
86, 708
Unbleached
..short tons..
123,323
96,
765
89, 818
Sulphate.
—
short tons..
Mechanical (ground wood):f
102, 654 108, 450 105,101
Consumption and shipments
short tons..
21,037 | 17,272" | 19,319
9,239 14,243 17,555 \ 11,051
Imports?
-_short tons.. 16,880 30, 966 25, 912 15,872 14,713 I 11,
103, 274 108,024 107, 465
Production..
-short tons.. .
PAPER §
Total paper:
797, 014 785, 374 738, 266
Production!
short tons
789,048 754,153 733, 585
Shipments!
.short tons
Book paper:
Orders, new:
53
59 j
50 i
67
Coated
percent of normal production
58
61 !
Uncoated- .percent of normal production
Orders, unfilled:
7
6
5
Coated
number of days' production
7
6
7
Uncoated
number of days' production
85,419
90,534
90,708
Production!
short tons
Percent of capacity
89,710 88, 271 88,580
Shipments!....
short tons
Newsprint:
Canada:
171,947 162, 293 185,637 187,821 131.919 I 239,443 157,031 222,071 202,177 212,845 183,930 190,794
Exports
short tons—
Production..
short tons.. 235,021 •193,936 204,136 175, 304 188, 381 174,447 !211.819 216, 510 242,490 229,637 208,238 216,164 196,172
Shipments from mills.—
short tons.. 228,921 •192,843 211,520 172, 285 186,805 169.054 i207.906 220, 769 236, 764 225, 449 199,926 209,938 195,320
61,903
Stocks, at mills, end of month .short tons.. 67,994 «38, 242 30,858 33,847 34,711 40,445 | 42, 973 37,247 42.459 46, 782 55,099 61,359
United States:
Consumption by publishers. ..short tons,. 168, 372 152,098 154,934 148, 427 140,955 153,958 !156, 721 160,815 193,088 154.175 150, 500 145,095 151,900
Imports?
short tons 201,146 175,711 176,766 168, 787 168, 752 124,584 :168,839 196. 490 204,036 200,004 197, 227 171,390 159,944
Price, rolls, contract, destination, N. Y.
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
basesdol. per short ton.. 40.00
40.00 ! 40.00
40.00
Production, total. _
- .short tons.. 80.
—572 82, 052 87, 567 80, 895 84.897 71,544 l 84,966 80. 505 89, 726 82, 260 74,017 79.971 • 74,120
« 69,728
Shipments from mills
short tons ..I 81, 260 81, 580 86,829 82, 031 84,629 68,127 , 88,078 83,196 89,957 78, 480 68,047
Stocks, end of month:
23,702
19. 676 18, 566 17, 784 22, 060 18,630 22,335 20,337 24,080 30,174 20,601
22, 596 ' 27,196
At mills
..short tons
At publishers
short tons.. 236, 734 178.159 184,875 199,845 208.895 192.808 i 192.335 202,467 216,061 241,136 253.489 270.690 241,893
42,818
In transit to publishers
short tons.. 33, 717 36,679 40, 746 37.557 34. 737 38,345 45, 749 43,432 46,200 28,915 28.202 27,670
* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. Data prior to July 1931 not published on brass plumbing fixtures.
! Ravisa:! series. For earlier data see pp. 18. 19, and 20 of the November 1933 issue for chemical, mechanical wood pulp, and total paper; p. 49 of the June 1933 issue for
1932 for chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper.
# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
• Revised.
• Beginning with January 1934 figures have been compiled by the Code Authority of the Insrot 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.

5 The Code Authority for the paper industry is expected to shortly resume publication of some of these paper figures.


December 1934

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1034
together with explanatory footnotes and references to the sources of the data, may be found October • October Novem- Decemin the 1932 Annual Supplement to the Survey
ber
ber

51
1934

February

April

March

May

June

July

August

»207,140

S

^

"

PAPER AND PRINTING—Continued
PAPER—Continue
Paper board:*
Production
short tonsShipments
.
-.short tons.
Paperboard :§
Consumption, waste paper
.short tons.
Orders:
New
...short tons.
Unfilled, end of month.
short tons.
Production
short t ons.
Operations, percent of capacity
.
Shipments
short tons.
Stocks, end of month.
short tons.
Stocks of waste paper, end of month:
At mills
short tons.
In transit and unshipped purchases
short tons.
Writing (fine) paper:
Production f
short, tons.
Percent of capacity._.
Shipments!
short tons.
Wrapping paper:
Productionf
short tons..
Percent of capacity
Shipments!
short tons..
All other grades:
Production!.
short tons..
Shipments!
..
short tons..
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic.
reams.. 52,392
Foreign__reams.-! 5,998
Paper board shipping boxes:
I
Production, total
.......mills, of sq. ft..;
Corrugated*
mills, of sq. ft-.i...
Solid
fibre*
..mills, of sq. ft—I

301,868
307, 000

292, 741
276.348

265, 468
264, 672

•182, 895

167,918 !«145,397

•173, 251 • ISO, 715 '229, 718

185,026
62,177
228, 416
60.1
191,989
63,315

199,059 j 169,116
55,080 I 48, 920
206,933 176, 337
54.1
47.1
175,148 152,712
70,263
64, 965

218,169
63, 328
230,311
57.3
187, 557
77,825

197, 368 •175,852

•224,549

208,065

200,164

234,318
75,143
223, 366
63.5
192, 681
75,687

264.985
86, 033
254, 819
63.4
221,114
84,326

230, 754
76, 578
244,334
66.1
213,956
82,190

225,957
80,958
223, 478
55.4
197,543
74, 670

214,236
72,990
224, 214
57.1
190,896
70,659

200, 278
73,256
201,924
52.6
179,234
69,119

246,187
71, 523
246, 266
58.7
223,686

228,804
72,930
233,426
61.4
198,729
72,436

»158, 326 !« 172, 231 '178, 284 •197,371
I
• 16,033 • 32,981 l< 21,540 • 27,779 » 37,065
!
46,636
43, 236
40,958
65
61
70
39,993
38,378
43, 232

205,891

'215,479

•227,708 »221,667

»230,129

' 31,346

28,493

56,811
15,322

57,097
7,312

58,121
11,854

54,185
8,030

46,050
8,100

48,528
8,216

6,990

1,823
1,598
225

1,646
1,443
204

1,685
1,484
201

1,634
1,432
202

1,576
1,370
205

1,770
1,539
232

1,757
1,522
235

'143, 074

129,658
89
123,045

109,742
75
109,303

99, 259
70
100, 053

142, 792
141,221

160,313
151, 496

157, 350
151, 528

80,366
7,823

44, 595
8,972

29,581
11,733

41,311
9,450
1,434
1,260
174

46, 235
10,947
1,460 I
1, 282
177

» 27,707 » 15,970 • 27,726

' 70,064
232,650
24,877

241,445
26,618

PRINTING
Blank forms, new orders
thous. of sets..
Book publication, total...number of editions-.
New books
.number of editions..
New editions
number of editions..
Operations (productive capacity)... 1923=100..
Sales books:
Orders, new
thous. of books..
Shipments
thous. of books_.

82,103
771
653
118
14,605
12,924

69,318
754
643
111
71

69,329
652
545
107
74

60,083
882
764
118
74

62,642
470
393
77
72

00, 789
630
539
91
74

72,204
806
677
129
•73

70,209
585
491
94
75

72,167
542
457
85
77

92,182
698
564
134
71

63,133
485
386

69,937
552
457
95
70

76,895
852
712
140
78

11, 627

9,341
10, 538

11,201
9,668

9,430
11,219

9,733
9,932

12,135
10,953

9,782
10, 655

11,650
11,395

11,127
11,470

11,422
11,357

11,129
13,010

11,799
10,793

RUBBER AND RUBBER PRODUCTS
1
!
CRUDE AND SCRAP RUBBER
Crude:
40,902
36,620 30,035
30, 312
27,317
Consumption, total.
long tons.. 28, 526 27,758 25,371 I 25, 306 35.159 36, 548 43,329
39, 571
17,984 15,712 j 15,471
27,611 22,033
31,219
30,195
22,509
19,864
For tiresjf
..long tons..
26; 767 28,304 33, 766
49,901
48,748 42,674
32,700
32,010
Imports, total, including latex !#..long tons.. ~29~240" 46,034 41,821 I 40, 751 49,088 35, 220 42, 253 45,175
Price, wholesale, smoked sheets, N. Y.
.076
.104
.126
.134
.155
.154
.086 |
.093
.109
.133
.146
.139
.088
dol. per lb_84,000 115, 000
84,000 78,111 | 87,801
82,000 85, 000 83,000
70,000 70,000
74, 000
88,000
Shipments, world...
.
long tons..
628,127 646,423 644, 898 643, 355 652, 690 653,000 647,993 659,865 660,699 672,312 "663.761
Stocks, world, end of month!
long tons..j_
666,000
83, 539
Afloat, total
..long tons.. 82,809 101, 530 109,955 109, 508 92, 210 103. 329 105,403 108, 314 112, 401 98,373 92,766 • 86, 408
50,348
69, 508
58, 373 57,336
48, 539
57,210 66,329 68, 403
For United States._
long tons.. 47,809 73, 210 71,425
70, 314
72,401
86, 505
99, 733 105,989 105, 290
90, 320 92, 519 94,337
96,134
96, 214
113,052
London and Liverpool
.long tons-. 121,020 89,766 87,984
88,215 92, 210 96, 499 97,146
96,971 102,045 106,448 107,607
81,758 85, 231 87,185
British Malaya..
..long tons..
103,485
364,108
352, 782 363, 253 365, 000 372, 610 364, 632 355, 254 351, 759 354,909 360, 548 367,109 364,456
United States!
...long tons..
Reclaimed rubber:
5,132
7,066
7,980
7,615
7,006
6,423
8,328
7,697
Consumption
....
long tons..
7.097
5,600
5,337
4,404
4,688
10,820
Production
long tons.. 8,143
8,934 10, 790
10,185
10, 848
9,446
8, 160
6,974
8,898
8,519
8,966
9, 238
19,641 22,035
18,508
19,454
20,319
Stocks, end of month
long tons..I 21.079
20,649
11,713
12, 652
13, 692
17, 227 16,770 18,333
Scrap rubber:
32, 731
36,875
Consumption by reclaimers
.Jong tons..;
33,486
TIRES AND TUBES %
\
Pneumatic casings:
I
4,323
4, 212
3,252
3,427
«2,848
4,205
5,025
4,627
Production...
.thousands.. *> 3,182
2,743
2,432
3,804
2,466
5,071 ! 4,033
3,186
Shipments, total
thousands..i P 2,912
4,096
4,305
5,172
4,179
°3,087
2,030
1,758
3,126
2,825
4,956
3,106
Domestic
thousands..| v 2,835
1,943
1,686
2,726
3,043
3,966
4,212
5,049
3,954
4,091
«2,993
9,913
7,110
11,621
10, 793
9,154
8,436
•8,186
Stocks, end of month
thousands..; v 8,444
6, 769
7,397
9,394 10,403 11,301
I
Solid and cushion tires:
I
16
18
15
12
19
18
15
21 !
12
11
14
Production
thousands.-•
v 16
11
13
15
14
18
19 ;
18
16
•13
11
13
14
Shipments, total
thousands..!
v 16
14
13
15
•13
12
17
19 I
17
11
12
13
Domestic
.thousands. _}
v 16
31
26
28
30
29
30
33
•34
26
30
Stocks, end of month
thousands..!
v 34
28 |
28
Inner tubes:
j
3,974
3,570
« 3, 017
4,593
4,228
3,425
3,956
5,039
2,805
3,445
2,290 j 2,105
Production..
thousands-.; v 3,106
5,150
4,193
4,072
• 2,934
3,224
2,141
3,103
1,682
2, 728
3,995
4,212
4,755
Shipments, total
thousands..| * 2,601
5,0.58
3,164
3,906
4,141
4,663
4,133
4,003
« 2,871
2,079
2,656
3, 045
Domestic.
- --thousands..! p 2,540
1,636
9,741
8,532
7,328
• 7, 410
7,812
9,937
10, 267
6,252
Stocks, end of month..
.....thousands..! P 7,891
6,265
8,151
6, 900
Raw material consumed:
!
Crude rubber. (See Crude rubber.)
j
12, 942
13, 724
18, 785
13,267
Fabrics
_-.
thous. of lb__i
19, 371
17, 716
11,116 10,447 i 9,986 i 16,437
18,721 i 20, 927
p Preliminary.
' Revised.
! Revised series. For earlier data see pp. 19 and 20 of the December 1933 issue for writing,
wrapping,
and
other
grades
of
paper;
for
1932
revisions,
p.
50
of
the
June
1933
issue for crude rubber imports; and for 1932 revisions, p. 50 of the May 1933 issue for wTorld and United States stocks. Data on consumption of rubber for tires revised for
1932, 1933, and 1934. For revisions see p. 51 of the August 1934 issue.
§ The Bureau of the Census has changed the title of the "Boxboard" report to "Paperboard" since data actually cover all board of .012 of an inch or more in thickness
reported by the cooperating manufacturers. The totals for paperboard production and shipments, as given above, computed from the American Paper and Pulp Association
figures through December 1933, represent the total for all paperboard. Figures given on production, operations and new and unfilled orders are for 94 identical manufacturers; shipments and finished stocks are for 78 manufacturers and consumption and stocks of waste paper for 82 manufacturers. Revised figures given are not comparable
with data shown for months prior to October 1933.
X 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 to 80 percent prior to 1929.
# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
* New series. See p. 19 of the December 1933 issue for the complete paperbwd saries. New series compiled by the Container Code Authority, Chicago, 111., from reports
from
all members of the industry of record beginning in January 1934. The volume of companies not reporting each month is estimated by the Code Authority, so as to keep
Digitized for
theFRASER
series comparable. The solid fiber figures are complete as reported. Prior to January 1931 data covering this industry were compiled by the Paper Board Industries
Association.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

52

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, j 1 9 3 4
together with explanatory footnotes and referNovem- j Decemences to the sources of the data, may be found i rwnhp
January
ber | ber
in the 1932 Annual Supplement to the Survey \ u o l o u e October

RUBBER AND RUBBER

December 1934
1934

™" j March | April j May

July

June

! August

PRODUCTS—Continued

MISCELLANEOUS P R O D U C T S
Rubber bands, shipments
thous. of lb_.
Rubber clothing, calendered:
Orders, net. .Lnumber of coats and sundries.
Production,. - -number of coats and sundries..
Rubber-proofed fabrics, production, total
thous. of yd..
Auto fabrics
thous. of yd..
Raincoat fabrics
thous. of y d .
Rubber flooring, shipments..,thous. of sq. ft-.
Rubber and canvas footwear:*
Production, total
thous. of pairs -.
Tennis
thous. of pairs..
AVaterproof
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*
. . . t h o u s . of pairs..
Export
thous. of pairs..
Repair trade
thous. of pairs..
Shoe manufactures
thous. of pairs-.
Stocks, end of month
thous. of pairs..
Rubber soles:
j
Production
thous. of pairs._I
Shipments, total*
thous. of pairs.-!
Export
thous. of pairs..|
Repair trade
thous. of pairs. J
Shoe manufactures
thous. of pairs. _|
Stocks, end of month
thous. of pairs..!
Mechanical rubber goods, shipments:
i
Total
thous. of d o l . J
Belting
thous. of dol__|
Hose__
thous. of dol..i
Other..
thous. of dol-.I

238

188

185

186

303

220

262

23, 526
41.612

14.878
38, 342

13,818
27, 074

13,811
21,777

15, 246
20, 062

19,963
11,364

3,740
317
2,393
329

2. 458
318
1. 165
268

1. 682
306
628
211

2,488
257
939
273

3,194
301
1,429
393

3, 575
434
1,527
490

3,877
575 j
1,670 I
437 |

6.604 I 6. 752

4,843 I
2, 451
2.392
2,749
1.868
881
2.673
1,798
875

!
j
!
!
j

3, 156 j
478 '
1,320
449

4,919 j

4.291
570 .. ..
1.827
413

526
1.269
372

7,378
10,396

3, 587
843
2. 744
4.611
1.174
3. 436
4. 594
1.170
3, 425
19,935
6, 515
13.419

5. 1G1
1.011
4. 150
6,529
1.543
4.986
6,448
1,467
4,982
18.567
5,983
12, 5S4

19, 903
19,294
347
6, 605
12,199
39, 592

17.802
16.991
328
4, 673
11,991
39, 961

19, 603
20,120
137
6, 928
13, 055
39, 763

15.903
15.656
346
4, 485
10. 825
38, 997

1 "\ 493
339
4.936
10.218
42. 140

5,711
5. 804
1
617
5, 186
5,010

5. 726
5, 770
3
532
5. 235
4.838

5,018
4, 739
5
275
4,459
4,989

5. 040
4,881
1
493
4. 387
5. 360

3, 491

4. 437
830
1,500
2,108

4,297
863
1, 498
1,937

4, 589
959
1,790
1,840

4,955 I
1
4.424
990
1,583
1, 852

2,071
4,682
6,289
837
5, 452
6, 209
779
5, 430
14. 858
6. 721
8,137

6,069
2,436
3,633
4, 525
892
3, 633
4,506
887
3, 619
16,358
8,265
8, 093

6,247
3, 584
2, 663
7,231
4,133
3, 098
7,207
4, 129
3,078
15,583
7,742
7,841

5. 430
3,580
1,850
4, 585
3, 241
J, 345
4, 555
3, 220
1, 335
16,394
8, 165
8,229

6, 467
4. 186
2.281
6, 845
5,419
1.426
6. 796
5. 378
1, 418
16,016
6. 932
9,084

19, 103
14, 157
340
3,765
10, 052
33, 750

15, 955
11,287
337
4, 552
6,398
38, 436

13, 625
12, 738
322
3, 215
9, 201
37, 528

14, 826
13,463
432
2.833
10,198
42, 587

16. 293
20, 544
175
9, 273
11,096
38, 986

4,244
3, 678
9
333
3,336
4,286

4, 054
2,763
2
409
2,351
5, 559

4.496
4.527
3
281
4,244
4,281

5, 499
5,594

3, 275
808
1, 117
1,350

2. 836
607
1.013
1,216

2,848
627
1, 015
1,206

3, 479
699
1,297
1,483

388
5. 201
5, 090

3,908
594
1,778
540

1,819 I 1, 566
3. 100 l| 2.912
3,613
2,927
2.084 ! 1,980
843 ; 1,633
3. 561
2.874
1,933
2, 036
1,629
838
20.080 20,945
6,846
7, 259
12! 821 14, 099

4,893
6.573 j
' 746 |
5,826 I
6,525 I
719 |
5,806
14,341
5,488
8,853

1,711 I

15,615 !! 20.930 i 24,336 ....
21,610 ! 27,149 L._
13,795

757
1, 147
1.587

17,774

4,478

19,412
20, 513
426
3,946
16,142
38, 446
4.772
5, 050
10 i
241 I

4,799 I

3. 082
3.277
2
318
2, 956
4,933

382
3.218
4,894

3,834
1,001
1, 362
1,472

3, 923
984
1,399
1, 540

i
I
;
j
i

3, 91 s
877
3. 041
5, 587
0. 43«>
857
5, 579
15.85W
5. S21
10. fi.H7

3, 60J
3, 602

STONE, CLAY, AND GLASS PRODUCTS
BRICK §
Common brick, wholesale price, red, N. Y.
dol. per thous.
Face brick (average per plant):
Orders, unfilled, end of mo.-thous. of brick.
Production (machine)*
thous. of brick.
Shipments
thous. of brickStocks, end of montht
thous. of brickSand-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.
PORTLAND CEMENT
Price, wholesale, composite
dol. per bbl
Production
thous. of bbl.
Percent of capacity
Shipments
thous. of bbl_
Stocks, finished, end of month. ..thous. of bbl
Stocks, clinker, end of month
thous. of bbl

10.50

9.25

9.00

9. 25

351
203
217

328
174
208
2, 705

320
174
123
2, 750

340
109
111
2,717

355
53
133
2, 663

245
882
19
891
2, 189

1. 775
1,431
773
642
1, 485

75
601
0
800
2,010

100
967
16
791
2. 213

1. 603 ; 1.603
4,672 : 3. 526
21.2
15.5
4,463
3,738
19,541
19, 709
5. 717
5.877

1.650
3. 779
16.6
3, 778
19, 547
5.919

2,217

1. 650
6, 675
29.3
8, 439
19, 969
6, 054

1. 603
5, 037
22.1
6, 750
19, 502
6, 204

10. 50

10. 50

10. 50 i

10.50

10.50

10.50

10. 50

664
57
136
2,532 ; 2,483

657
104
149
2,464

621 '
137
197
2,450

545
158
180
2,380

503
179
181
2,300

405
131
208
2, 333

369
158
172
2,292

705
437
29
1,006
1,518

605
1,340
60
1.346
1,324

1,228
44
965
1,434

1,219
45
848
1,351

148
1, 137
45
1, 045
1, 959

140
1,164
42
1, 121
2,091

1. 575
6,544
29.6
6,492
21, 557
6, 565

1.570
8.554
37.5
8,784
21,301
6,304

1. 650
8,813
39.8
a
8 , 541
21, 600
6,424

1. 650
8,144
35.7
a
7,898
21, 852
6,588

1.650
7, 842
34.5
a
8 , 249
1
21, 424
a
6, 332

1.650
7,680
34.8
0
7, 388
»21, 734
0
5, 975

644 I
33 I

900 !
359 !

54 I
366 !
2,042 I

1.650
4, 168
20.2
2.952
20,762
5,936

I
i
!
j
I
!

355
563
126 [
721 !
1,755

1. 650
5, 257
23.0
4,618
21. 422
6.318

a

0

a

GLASSWARE, ETC.
Glass containers: #
3, 134
2,237
2. 123
Production
thous. of gross.
1.997
2,770
2,600
3,252
2,920
3,032
2,860
3,160
3,117
3,168
64.0
52.6
67.4
Percent of capacity
62.6 I
46.6
49.2
49.2
55.1
53.2
54.1
56.8
55.2
56.6
1.806
2,084
Shipments
1
thous. of gross.. j 3, 132
1.873 ! 2,662
2,585
2,914
3.272
3,137
3,172
3,080
3,136
2,974
5. 112
4, 796
Stocks, end of month
thous. of gross..; 7.152
5.238 I 7.078
7.719
7,622
7,480
7, 545
7,215
7,558
7,567
Illuminating glassware:*
!
Orders:
j
1.473
1.571
1, 150
1. 480
New and contract
number of turns..! 2,184
1,522
1,781
1,145
1,411
1,491
1,453
1.423
1. 553
1, 856
1,958
1.805
1.865
Unfilled, end of month., .number of turns.. I 2,540
2,259
1,918
1,794
2,205
2.235
1,858
2,216
1, 951
1,713
1,588
1,030
1,460
1.256
Production
.. number of turns.. | 1,844
1,062
1,763
1,512
1,188
1,495
1, 453
1,276
Shipments:
1,582
1,423
1,439
otal
number of turns.-! 1,880
Tot
1,171
1,413
1.936
1,390
1, 255
1, 427
1,427
1,446
1,105
55. 7
50.5
41.2
Percent of full operation
j 73.3
56. 1
55. 1
75.4
49.9
48.9
55.6
56.3
55.6
43.1
4. 165
4, 656
4,431
Stocks, end of month
number of turns.-! 4, 432
4, 286
4.581
4,367
4,641
4,649
4,615
4, 735
4,610
4,457
Plate glass, polished, production f
j
5,794
4, 169 I 6,347 | 7,607
7,441
thous. of sq. ft. .I 7,512
7, 764
9,927
6,520
7, 242 1 7, 450
6,738
a
Revised.
* New series. Earlier data not published on rubber heels and soles prior to December 1932, and on illuminating glassware prior to July 1932 (except productio:m and
percent of capacity); for earlier data see p. 20 of the June 1933 issue, face brick, machine production.
§ Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period.
I Adjusted for degrading and year-end physical inventories.
t Revised data for 1933 represent total production for the United States.
# 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 first 10
months of 1933 amounted to 28,656,322 compared with 19,833,445 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.
• In October 1933 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 percent,
 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
http://fraser.stlouisfed.org/er number of firms.

Federal Reserve Bank of St. Louis

53

SURVEY OF CURRENT BUSINESS

December 1934

Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found October October
in the 1932 Annual Supplement to the Survey

1934

1933
ber

- Decem- January February

March

April

May

June

July

August

September

STONE, CLAY, AND GLASS PRODUCTS—Continued
GYPSUM*
Crude (quarterly):
Imports
short tons I
Production
short tons
Shipments (uncalcined) .
short tons
Calcined (quarterly):
Production
short tons
Calcined products (quarterly):
Shipaents:
Bomrd, plaster (and lath) thous. of sq. ft
Board, wall
thous. of sq. ft..
Cement, Keenes
short tons
Plasters, neat, wood fiber, sanded, gaging,
finish, etc
short tons
For pottery, terra cotta, plate glass, mixing
plants, etc
short tons..
Tile, partition
thous of sq ft
Orders, new;
Quantity..,

90. 453
1 432,'020
173.218

88, 408
450, 754
145 404

206,476 !

319,983

257,048

19,339
43, 058
2, 514

31, 591
76, 218
4,258

32, 601
44, 612
3, 501

241, 100
89,511

0
266, 761
85, 747

182,194
21, 796
41, 314
2,752
139,

149,

623

420

226,

24,063
2,222

17, 220
1,333

405

188, 314

29, 437
2, 426

24 681
1 721

TERRA COTTA

V;ilue

short tons..
t h o u s of dol

761
65

342
34

341
33

764
52

1,159
112

506
39

902
82

880
69

996
95

1,630
122

964
83

1,382
84

515
50

8,257
6,443
8,335
6,254
18,164 i 18,353

7,731
8,766
17,319

6, 783
8,005
16,097

TEXTILE PRODUCTS
CLOTHING
Hosiery:*
Production.
.
thous. of dozen pairs..
Shipments
thous. of dozen pairs..
Stocks, end of month.thous. of dozen pairs. _
Men's and boys' garments cut:
Overcoats
thous. of garments-.
Separate trousers
thous. of garments-.
Suits
thous. of garments. _

!
6, 148
6,009
15, 612

7,208
6,760
16,164

8,988
8,165
17, 091

10,240 j 9,701
10,381
9,326
17,053 ; 17,531

9,992
9,487
18,139

135 I
929 I
1,061 |

COTTON
Consumption t
thous. of bales..
348
545 j
477
513
519
363
360
421
296
Exports:
Quantity, exclusive of linters
thous. of bales..
820
628
387
285
550 I
268 ]
459
306
480
Value. (See Foreign Trade.)
Ginnings (total crop to end of month)
12, 557
thous. of bales..
12, 106
12, 356
12,664 '
100
' 4, 958
1.3S
Tmports#. thous. of bales. 11
13
13
19
Prices:
To producer
dol. per lb_.
.096 j
. 103 !
. 116
. 116
. 117
.123
. 117
. 110
.131
.131
Wholesale, middling, N.Y
dol. per l b . .
.119
. 102 !
.113 I
. 123
. 123 i .129
.123
. 134
.131
. 114
f
Production, crop estimate
thous. of bales..
13,047
Receipts into sights
thous. of bales. _
7,0
1,283
598
515
432
527
1,676
Stocks, end of mouth :f
Domestic, total mills and warehouses
11 102
thous. of bales. .
11,977
6,794
10, 293
8,679
7,982
7,311
9,499
6,905
8, 673
] 606
Mills
thous. of bales. 1,642
1,657
1,422
1,326
1,228
1, 585
1,651
1,081
1, 057
Warehouses
thous. of bales..
8,637
6,560
10, 335
5,985
5,566
9, 496
7,094
7,848
5,824
7, 616
World visible supply, total
thous. of bales..
9,284
7,959
7,362
9 837
L0,060
6.950
8,868
8,566
6,639
7,210
American cotton
thous. of bales .
7,025
5, 541
5,040 i 4,737
8. 255
6,516
4,532
6,093
5 ^25
'. 693
COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
22/Is, cones (Boston)
dol. per lb
.301
.316
.322
. 320 I .301
.298 i .308
. 327
.315 i
.316
40/ls, southern, spinning
dol. per lb...
.467
.479
.471 I .458
.480
.451 I .459
.464 |
. 458
Cotton goods:
Abrasive cloth. (See Paper Products.)
Cotton cloth:
ExportSj>-.......
thous. of sq. yd...
17,919
16,790 I 20,071
22,556
23, 791 22, 792 21, 223 15, 647 14, 456
17, 330
Imports
thous. of sq. yd..
4,004
3,985 j 4,616 5,426
6, 135
1,944
3,817
1,701
2, 108
2, 512
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd..
.066
.067
. 069 | . 072 .070
. 063
.064
.071
.074
Sheet iner, brown, 4 x 4 (Trion mill)
dol. per yd...
.073
.077
.077 ! .081 I .082
.
082
.080
.077
.079
.076
Cotton cloth finishing:*
Production:
Bleached, plain
thous. of yd..
108, 328 122,869 I 132,678 163,772 150,138 137, 053 106, 741 101, 015 113,209
111,581
Dyed, colors
thous. of yd-.
60, 294
76,678 I 89,192 117,562 104, 689 97,838 73, 954 66, 472 73, 651
73, 407
Dyed, black
thous. of yd..
4,616
4, 761
5, 258 6, 416
5,916
4,885
5,686
5, 738
5,834
6, 162
Printed
thous. of yd..
86, 517
99, 901 104, 920 131, 426 122,951 114,803 83, 414 75, 833 84, 499
90, 772
Stocks:*
Bleached and dyed
thous. of yd..
341,351 332,985 325, 313 327, 040 308, 895 310, 471 314,413 310, 039 269, 461
266, 886
Printed
thous. of yd..
137,661 106, 280 104, 949 99, 614 106, 388 107,128 118,034 109, 756 101,057
101,083
Spindle activity:!
Acti ve spindles
thousands..
24,828 25, 647
26, 380 26, 525 26, 485 25, 896 24,621 j 24, 418 24,154
22,113
Active spindle hours, total-.mills, of hours._
5, 080
6,973 j 6,692
7,706
7,259
5,241 ! 5,152
7,268
5, 753
3, 716
Average per spindle in place
hours..
164
225 I 216
169 !
249
234
234
167
186
120
Operations
percent of capacity...,
73. 3
98.5 i 101.5 102. 7
105.6
72. 6
98.0
74.3
76.8
54.3
a
Revised.
* Dec. 1 estimate.
f As of Nov. 1.
» As of Nov. 14.
' New series. For earlier data on gypsum, see p. 20 of the January J933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated to
nt iof the industry. The revised data on hosiery presented in the October 1934 issue are based on a check of the data previously reported, made by the
represent 95 percent

tion domestic stocks and spindle activity for the year ended July 1933, see pp. 52 and 53 of the November 1933 issue.
§ Data revised for 1932. For revisions, see p. 53 of the June 1933 issue. Data revised for 1933; see p. 20 of the September 1934 issue.
# See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data for succeeding 4
week periods.
- No quotation.




54

SURVEY OF CURRENT BUSINESS

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

December 1934
1934

1933

Zl ' December
ber

No

February

m

TEXTILE

March

April

May

PRODUCTS—Continued

RAYON AND SILK
Rayon:
,
...
92 I
32 j
64
29
770
42
338 \
30 ;
Imports §#
.--thous. of lb__
Price wholesale, 160 denier, "A grade
do1
0.55
0.65
0.65
0.65
0.65
0. 65
0.65
0.55 |
0.55 I
(N.'Y.)
Perlb._
272
504
506
507
449 !
467
477
440
188
Stocks, imported, end of month.thous. of lb._
Silk*
34,822
49,106
28, 521
26,959
40, 942
39, 021
37,392 i 38,740 !
44,080
Deliveries (consumption)
.
bales..
7,029
4, 279
4,833
3,895
4,798 \
5,796
5,472
5,387
5,176 i
Imports, raw §#
thous. oflb..
1.185
1. 465
1.453
1.550
1. 647
1.416
1.405
1.318
1.284 i
Prices wholesale:
1.04
1.04
1.04
1.04
1.04
0.93
Raw, Japanese, 13-15, N. Y...dol. per lb._
1.04
1.01
0.96 j
Silk goods, composite.-dol. per yd..
277, 800 301,981 323,171 314,921 i 317,000 307,000 237,000 ; 278,000 268,000 '
Stocks, end of month:
World, visible supply. - .
-. .bales.. 20,844
23,078
23,153
24,762
23,139
22,415
21,902 l 21,675 I
22, 640
91,122
96, 786
93,625
74,607 ! 62, 828
60,479
61,083 ; 01,060
83,820
United States:
At manufacturers
- - pales..
At warehouses
- - - bales..
Silk manufacturing:
43.0
39.2 I
56.0
62.5 '
48.6 !
59.7 i
31.5
Operations, machine activity:
40.2
52.0
47.5
34.9 i
53.2 !
45.9
39.5
Spinning spindles:*
All
.percent of capacity—
35.5
41.6
46.2
64.3 |
52.8
62.3 •
54.9 !
37.9
6-BV.II-------percent of capacity...
31.1
34.8 !
29.1
32.0
37.0 !
36.6 !
35.8 i 30.0
Broad looms t
percent of capacity„_
Narrow loomsf
percent of capacity..
468.0 ; 277.0 : 247.3
811k piece goods:*
780.9 I 614.8 I 434.2
Commission mills:
766.3 j 572.0 | 411. 7
New orders.—yards per looin-i.
Production
yards per loom..
283.1 ! 323. 2
327.0 i 364.0
416.0
446.6 ! 344.9 ! 269.7
Shipments
yards per loom..
253.1 ! 276.4
333.0 i 458.5
412.4 i
445.8 I 390. 2 I 357.7
Stock-carrying mills:
785.8 ! 880.3
898.7 ! 811.8
831.0 ! 901.1 i 937.7 I 890.3
Production
.
yards per loom..
495.4 ! 436.7 I
463.5 | 521.0
454.7 i
430.3 ! 384.1 ! 378. 5
Shipments
yards per oom..
Stocks, end of month...yards per loom..
Still to come off looms..yards per loom.. 6 34,065 51,037 43,466 ! 33,570 | 35,968
34,348
36,119
29,889
28,213
WOOL
12,622
19,633
8,850
15,997 !1 16,168 I 9,637
16,975
13, 567
7,458
Consumption, grease equivalent-thous. of l b . .
74
49
108
100 !
76 |
Imports, unmanufactured^—--thous. of l b 61 '
47 ;
Operations, machinery activity: •
34
49
46 I
35
40 i
Combs, worsted.percent of capacity..
43
35 !
42
39 i
34
41
39 i
34 i
^ a r p e t and rug
percent of capacity27 |
41
40 |
39 i
45
62
64|
67
Narrow
percent of capacity.57 |
56
55 ;
Wide --"'
percent of capacity..
Spinning spindles:
.
63
68
63!
54 !
76 1
70
70 i
75 j
Woolen
percent of capacity..
35
65
60 |
52 !
48 |
40
39 !
46 I
44 I
Worsted"
.percent of capacity0.76
0.84
0.85
0.88 I
0.88 !
0.88
0.84
0.85 !
Prices, wholesale:
..
0.87 1
0.41
0.28
0.41
0.42 j
0.42
0.33
0.37 |
0.40 i
Raw, territory, fine, scoured.—dol. per lb_.
0.42 j
Raw Ohio and Penn., fleeces—.dol. per lb
1.460
1.800
1.800
|
1.800 1 1.763 ! 1.650 ! 1.634
1.800
Suiting, unfinished worsted, 13 ^ ( a ^ m i U )
1.800 !
Women's dress goods, French serge, 54" (at
1.125 |
1.139
1.125
1.125 I 1.125
1.125
1.103 I 1.119
factory)
-----dol. per yd—
1. 125 ;
Worsted yaVn,"2/32s, crossbred stock Boston
Receipts at Boston, total*
thous. of l b Domestic
..—thous. of l b . .
Foreign A
thous. of l b . .
Stocks, clean equivalent, end of quarter: 1
Total
thous. of lb—
DomesticV;."-"--thous. o f l b Foreign
thous. oflb.Combing
.thous. of b Clothing— t h o u s . oflb..
MISCELLANEOUS PRODUCTS
Burlaps and fibers, imports: §#
thous
Burlaps
- of lo._
Fibers
long t o n s Buttons and shells:
Buttons:
Imports, t o t a l § # thous. of gross..
From Philippines
thous. of gross..
Fresh-water pearl:
Production
percent of capacity. .
Stocks, end of month
thous. of gross..
Shells, i m p o r t s total§#
thous. of lb_.
Mother-of-pearl
thous. of l b Tagua nuts, imports §#
_ thous. oflb
Elastic webbing, shipments
-thous. of dol—
Fur, sales by dealers
thous. of dol—
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of mo.thous. linear y d Pyroxylin spread
thous. of lb—
S h i p m e n t s ^ b i l l e d — - t h o u s . o f linear yd__

1.17
12,744
12,033
711

1.35

"15," 241"

1.35 !

11,073 !

1.35 ;
5,583*

1.35
8,560
3, 761
4, 799

1.35 ;

7 , 0 6 7 ••

4,739 !
2,328

1.35
1.35 I 1.31
5,920 : 4,405 ' 13,877
3,209 ; 2,872
12,025
2,711 I 1,533
«

0.55
372

0.55
280

33,069
5,037

82,021
4,719

1.199
0.93

1.139
0.92

250,000 272,000

0.55 :
275

36,247 ! 32,599
4,731 I
6,846
1.133 [
0.93 !

1.125
0.93

285,000 : 285,300

20,430
59,048

19,479
66,268

40.0
38.9

41.5
37.2

45.8
24.5

42.7
24.2

278.4
458.5
426.1

290.2
409.9
414.8

428.7
462.2
456.4

242. 3
232.2
248. 2

290.9
271.1
977.3
372. S

273.2
300.8
1,004. 5
32T.4

286.8
429.5
952.2
320.0

175.1
333.3
818.6
324.5

26,819
7,632

> 29,066
7,046

23,861
7, 567

26,213
8,003

18,500 | 20, 010
58,694 ! 76, 645

40.3 I
37.1 !

28.0
•• 37. 8

40 |

37

38

29

30 I

33
26
63

35
24
51

30
18
28

71
29

71
31

72
26

45
21

0.84
0.31

0.84
0.31

0.76
0.31

0.76
0.30

1.634

1.634

1.634

1. 634

1.139

1.139

1.287

1.139

1.28
35, 345
33,612
1,833

1.26
59,972
58,962
1,010

1.21
23,673
22,987
687

1.18
14,829
13,942
887

54j

186,229
162, 233
23,996
132,783
53, 446

168, 716
,
140, 754
27,962
110,251
58,465
22,517
9,044

0.55
276

49,848
21,824

33. 914
18,713

31,061
22, 195

35 768
28,406

26,346
18,839

35,113
23,059

30, 573
17,861

34,400
17,172

27,093
21,399

42,471
15,010

31,631
15,625

27,124
10,978

102
74

125
82

45
39

157
61

72
47

78
47

54
35

121
77

45
42

77
62

79
70

75
70

~ 1,769

60.4
5,827
505
365
3,066
1,097
876

58.8
6,211
667
612
1,506
877
711

41.8
7,315
1,057
393
1,223
709
1,154

46.5
62.7
57.9
61.7 j
7,342
7,187 i 7,327 i 7,303
1,862
1,608
414
345 |
559
657
313
168 I
1,291
867
638
1,148 i
989
1,204
858
956 i
* 3, 228 * 3, 309 » 2, 246 !» 1,836

40.0
7,118
310
226
458
705
1,643

23.7
6,791
335
199
650
646
• 2,025

34.5
6,634
1,644
526
524
840
» 2,605

2,930
3,325
3,125

2.556
2,697
2, 578

2,477
2,157
2,024

2,599
2,351
2,148

3,224
2,706
2,645

3,323
2,972
2,649

3,065
3,654
3,059

289
219
853

1

44.8
7, 328
274
254
1,457
883
* 3,565
3,383
3,283
2,876

4,210
5.278 !
3,812 I

3,811 i
5,199 j
4,854 !

3,346 I
3,139
4,681 I 3,350
4,023 ! 3,327

37.0
6,432
222
165
667
817
• 2, 212
3,050
3,294
3,031

° Revised.
* Since July 1934 report has been on a weekly basis. July figure here is for 4 weeks; August, 4 weeks, September, 5 weeks, and October, 4 weeks. Figures for July and
succeeding months are computed from Census Bureau figures so as to represent 100 percent of the wool industry.
§ Data revised for 1932. For revisions see pp. 53 and 54 of the June 1933 issue. Data also revised for 1933; see p. 20 of the October 1934 issue.
* See footnote on p. 35 of this issue.
t Compiled by the 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 which were computed on the basis of a 48-hour
week. The code authority expects to adjust the old series to a comparable basis, when opportunity affords.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 20 of August 1934 issue.
* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith aie still based on the pre-code computed norm (currently based on the single-shift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry.
* Foreign receipts for year 1934 are compiled by U. S. Department of Agricultine and are not comparable with data carried through December 1933, This results in a
total figure which also is not comparable with earlier data.
^ Compiled by Bureau of the Census and represent stocks of raw wool held by all dealers, topinakers arid manufacturers who usually hold significant stocks of wool.
Census report gives additional details on raw wool ,as well as stocks of tops, noils, and carpet wool which are not included in the totals here given. Figures by types and
 origin are different break-downs of same total.



December 1934

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey October

1933

55
1934

January Febru-

TRANSPORTATION

March j April \ May June

EQUIPMENT

AIEPLANES
Production, total
number
153
-178
»210
184
107
»100
<»97
•121
173
Commercial (licensed)
number,.
103
«97
«127
° 56
°68
95
-28
74
Military (deliveries)
.number.
19
57
«65
26
35
57
8
15
31
For export
number.
24
18
15
18
15
81
84
AUTOMOBILES*
Exports:
Canada:
Automobiles, assembled______..number.
1,750
5,255
2,868
1,625
3,026
4,920
4,205
2.384
3.950
6,555
3, 517
3,343
Passenger cars
number
1,042
4,692
2,930
3,185
3,970
2,428
1,228
2,269
4,161
2, 532
1,118
2, 285
United States:
Value. (See Foreign Trade.)
Automobiles, assembled, total§._number._ 15,552 11,473
6,703
9.526
14, 911
26, 217 27, 265 24, 670 24,887 23, 959 19,827
11,258
17, 766
Passenger cars§
number..
8,040
5,906
3,527
3,066
3,685
8,872
16,141 16,509 16,058 18,071 17,621
12, 522
10, 236
Trucks§
.number..
7,512
5,567
8,612
3,176
7,573
7.305
6,460
6,039
10,076 10, 756
6,816
6,338
7,530
Financing:
Retail purchasers, total._.___.thous. of dol
57,503 43,889 33,124
69, 203 87,998 99, 591 99,114 95.485 87,700
34,437
45,378
70, 997
New cars.
thous. of dol._
36, 790 26, 278 17, 794
46,428 59, 772 67,991 68,842 65.093 58,029
19,190
29,290
46, 268
Used cars.
thous. of doL.
19,665 16, 741 14, 532
21,368 26,694 29,763 28,401 28,601 28,028
14,420
23,477
15,198
Unclassified.
thous. of dol
1,532
1,837
1,791
870
1,643
1,048
1.407
1,871
3,252
798
890
827
Wholesale (manufacturers to dealers)
thous. of dol
38,963 17,703 16,573 35,879
61,514 102, 776 121,061 123,691 102, 706
90,294 85,108
62, 265
Fire-extinguishing equipment:!
Shipments:
Motor-vehicle apparatus
number..
31
14
19
36
32
27
19
20
25
45
28
35
39
Hand-types
number.. 24,007
17,996 21,892 25.356
17,956 16,597 28.915 22, 264 22,183 21,495
21,204
15.715
23, 056
Production:
Automobiles:
3.682
Canada, total
number..
3,780
2,291
3,262
14,180 18,363 20,161 13,905 11,114
6,904
9,904
8,571
5,579
Passenger cars
...number..
2.125
2,723
1.503
12. 272 15,451 16,504 10,810
8,407
7,325
2.171
4,946
7,101
4,211
United States, totalf
number.. 132.488 134,683 60.683 80, 565 156,907 I 231. 707 331,263 354, 745 331.652 308,065 266, 576 234.809 168,872
Passenger carsf
number.. 84,503 104,807 40,754 49,490 113,331 187,639 274, 722 289,030 273.765 261,852 223,868 183,500 123,909
Taxicabs
number..
0
63
16
0
0
0
1,611
0
1,299
0
321 I
27
Trucksf
number.. 47,985
56.525 65, 714 57.887 46, 213 42,708 61,309
29,813 18, 318 29,776
44,963
43.255 | 44,041
Automobile rims
thous. of rims..
1.652
1,140
1,016
1,155
752
523
526
506
627
789 I 1,262
1,636
Registrations:
New passenger carsf
number.. 140,880 136.326 94,180 58.624
61,242 ! 94,887 173.287 222,900 219,163 223,642 228, 760 193.828
146,931
New commercial cars *
number. _ 40,878
33,894 38,882 39,831 34,778 37,490 40,790
28,058 18,691
15,580
37,225
22,903 ! 24,476
Sales:
General Motors Corporation:
To consumers._
number.. 69,090 63. 518 35,417 11,951
98,174 106, 349 95, 253 112,847 101. 243 86,258
23,438
71,648
58.911
To dealers, total
number.. 72,050 53.054 10,384 21,295
62, 506 100,848 153, 250 153, 954 132.837 146,881 134,324 109, 278
71,888
U. 8. dealers
...number.. 50,514 41,982
3,483 11,191
46,190
82,222 119,858 121,964 103,844 118, 789 107, 554 87,429
53,738
Shipments, accessories and parts, total *
Jan. 1925=100.
59
56
59
141
115
106
99
106
127
92
81
Accessories, original equipment
Jan. 1925=100
44
47
53
74
112
150
130
101
95
109
85
71
Accessories to wholesalers
Jan. 1925=100.
86
91
67
73
83
96
72
82
77
65
101
101
Replacement parts
.Jan. 1925=100..
105
89
109
139
135
143
145
127
129
102
118
134
Service equipment
Jan. 1925=100..
43
46
72
71
47
86
60
71
67
57
68
RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity..
mills, of lb__ 185,964 193, 556 193,050 192,826 192,167 191, 580 191,149 190,079 189, 700 189,426 188,491 186,889 2 186,117
Number, total__
thousands...
1,933
2,038
2,031
2,027
2,019
2, 012
2,007
1,994
1,989
1,985
z 1,938
1,971
1,949
Bad order, total
number.. 297, 546 295,087 295, 784 289, 985 286,928 295, 582 291,081 295,191 301, 368 298,846 299, 780 293,173 296,418
Percent of total in bad order.
15.6
14.7
14.7
15.0
15.4
15.5
14.8
14.5 I
14.4 ! 14.9
15.3
15.3
15.5
Locomotives, railway:
Owned:
Tractive power
mills, of lb__
2, 278
2,379
2,372
2,370
2,334
2,361
2,356
2, 345
2,341
2,363
2,310
2,285
2,297
Number
number. _ 47,553 50,677 50,446 50.323 50,103 50,034
49.861 49, 573 49,395 49,211 48,587 48, 209
47, 782
Awaiting classified repairs, .number.. 10, 676 10,963 10.824 10,895 10,9C5 11,119
11, 259 11,095 11,080 10,803 10, 789 10, 771
10,616
Percent of total
22.5
22.0
22.3
23.0
22.8
22.8
22.3
22.2
21.8
22.6
22.4
21.9
22.2
Installed
.number. .
62
42
40
52
46
37
70
26
75
62
35
38
48
Retired
number..
291
224
162
192
311
218
568
261
144
439
475
294
258
Passenger cars:
On railroads (end of quarter)
number..
45,842
46,407 !
z 45, 278
41 364
Equipment manufacturing:
Freight cars:
75
520
Orders, new, placed by railroads
cars..
522
665
750
517
0
4
1.217
113
3,080
127
Orders, unfilled, total
cars..
6,512
125
15.964 21,011 17,813 13.755
5,495
8,372
1,795
0
Equipment manufacturers
cars..
0
1,700
10,000 15,174 12,516
9,607
5,525
3,422
1,285
5,964
Railroad shops
.cars..
127
125
4,812
5,837
5,297
4,148
2,847
2,073
159
62
191
Shipments, total.._
cars..!
162
25
1,618
3,129
4,186
62
Domestic.
_
_-cars._|
112
21
159
190
1,616
3,059
4,184
Locomotives, industrial electric (quarterly): j
39
70
Shipments, total
number..|
87
Mining use
...»
number._
38
70
87
Locomotives, railway:
1
3
40
17
3
0
5
Orders, new, placed by railroads..number..
Orders, unfilled, end of month:
Equipment manufacturers
(Census)
118
146
121
136
137
133
135
127
total
..number..
106
142
117
125
126
122
123
115
Domestic, total
.number..
56
88
86
60
61
59
59
56
Electric
number..
50
54
31
65
61
64
59
Steam...
number. _
67
0
1
1
0
20
0
0
Railroad shops (A. R. A.)
number..
0
Shipments:
11
1
0
31
2
Domestic, total
..number..
4
6
13
2
1
0
31
2
Electric
number..
0
2
3
9
0
0
0
Steam
number..
0
6
10
2
6
10
12
14
Exports, totalf
number..
7
8
17
8
3
11
10
Electric
number. _
7
7
14
8
7
3
1
4
Steam.
number..
3
0
0
1
3
Passenger cars:
Orders, new, placed by railroads.number..
58
75
47
0
0
2
0
Orders,unfilled(end of quarter) .number..
92
118
11>3
Shipments, total
number..
0
0
0
5
56
0
Domestic
...number..
0
0
0
0
5
56
a
Revised.
* New series. For earlier data see p. 20 of the February 1934 issue for shipments, accessories and parts, and registrations of new commercial cars,
t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 1932 exports
of locomotives. Data on automobiles revised for 1933. See p. 55 of the August 1934 issue.
Digitized forX Index
FRASER
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.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

56

SURVEY OF CURRENT BUSINESS

1933
Monthly statistics through December 1931, 1 9 3 4
together with explanatory footnotes and references to the sources of the data, may be found
NovemDecem- January
in the 1932 Annual Supplement to the Survey October October
ber
ber

TRANSPORTATION
ELECTRIC TRUCKS AND TRACTORS 1
Shipments, industrial, total
number-.\
Domestic
number -. j
Exports
number. -1
SHIPBUILDING
j
United States:
]
Merchant vessels:
Under construction-.-thous. of gross tons-.
Completed during m o n t h . t o t a l gross t o n s , .
Steel
total gross tons
World (quarterly):
Launched:
Number
ships..
Tonnage
thous. of gross tons-.
Under construction:
Nurnbsr
.ships - Tonnag?thous. of gross t o n s . .

1934
February

April

24
5, 148
3, 751

70 \
64
6

25
5,930
1, 406

May

July

June

; August j

EQUIPMENT—Continued

57
57
0

2,441
1, 555

December 1934

8,363
7,743

44
4,159
1,814

43
2, 976
1, 437

206 j
757 i

42
5,314
2,085 I

63 !
60 !
3 ;

48
12, 904
8, 101

46
11,958
9, 843

29
27

65
64
|

38
7, 535
3, 256

55 I
86 I

99
145

269
1,079 I

1, 216

35
10, 970
7,877

38
37
1

39
36
3

5, 156
2,907

49, 975
1,601

!

301
1.311

CANADIAN STATISTICS
Business indexes:*
Physical volume of business
1926= ]()()..
Industrial production, total
1926=100..
Construction!
1926=100
Electric power
.1926=100..
Manufacturinff
1926 = 100. Forestry.. _
1926= 100..
Miningf
1926 = 100
Distribution.
. ..
. . . 1926= 100
Carloadings
__ 1926= 100..
Exports (volume)
1926= 100 .
Imports (volume)
1926= 100
Trade employment
1926= 100..
Agricultural marketing
1926= 100
Grain marketings
1926=100
Livestock marketings
1926= 100. C o m m o d i t y prices:
Cost of living indexcf
1926= 100
Wholesale price index#
1926=100
E m p l o y m e n t , total (first of month) .1926= 100..
Construction and maintenance
1926 = 100-.
Manufacturing
1926= 100
Mining
1926=100
Service
1926 = 100
Trade
...
1926=100
Transportation
. . 1926 = 100..
Finance:
Banking:
B a n k debits
mills, of dol
Interest rates
1926 = 100..
Commercial failures*
number.
Security issues and prices:
New bond issues, total
thous. of d o L Corporation.thous. of dol
Dominion and provincial--thous. of d o L .
Municipal
thous. of d o L .
R a i l w a v s . . . ._ . . . . . . thous. of dol
Bond yields
percent..
Common stock prices, totalt-..--1926 = 100_.
Banks
1926=100
Industrials
1926=100
Utilities
1926=100
Foreign trade:
Exports
thous. of dol
Imports
thous. of dol .
Exports, volume:
Automobiles. (See Transportation Equip.)
Newsprint. (See Paper.)
Wheat thous. of b u
Wheat
flour
thous of bbl
Railway statistics:
Carloadings
thous. of cars_.
Financial results:
Operating revenues
thous. of d o l . .
Operating expenses..thous. of dol.Operating income
thous. of d o l . .
Operating results:
Freight carried 1 mile
mills, of tons
Passengers carried 1 mile
mills, of pass.C o m m o d i t y statistics:

Production:
!
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
j
mills, of kw.-hr. J
Pig iron
thous. of long tons ]
Steel ingots and castings
thous. of long tons-.
Livestock, inspected slaughter:
•
Cattle and calves
thous. of animals. J
Swine
thous of animals
Sheep and lambs
thous. of animals..
Newsprint. (See Paper.)

Silver. (See Finance.)
;
Wheat, visible supply. (See Foodstuffs.)
Wheat
flour
thous. of b b l . . ;

i

95.8
95.3
38. 1
170.4
94.8
100.3
141 9
97.2
68.7
85.3
78.2
119.5
61.2
57.9
75. 7

88.2
87.4
45.4 1
148.8 :
87.9
86.2
130.9
90. 5
62.6
67.6
71.6
113.9
70.5
70.0
72.5

85.5
83.9
39.7
158. 1
86.2 !
87.2 i
114.4
89.9
62. 9
58. 3
77.4
112.8
41.8
36. 7
65. 2

86.2
85.1
36.4
156. 5
88.6
88.4
118. 2
89.3
60. 4
53. 5
67. 8
115.9
30.7
24. 7
57. 5

86. 8
84.5
47.4
162.9
80.7
96.4
120. 6
93.2
73.6
75.4
62.8
113.8
48. 2
41.6
77.6

79. 3
71.4
100.0
117.0
94.4
117.9
116. 2
120.0
84.8

77.6
67. 9
90.4
97.0
86. 7
105.8
108. 1
115.0
82.7

77.8
68 9
91.3
94.6
86. 5
109. 7
107. 9
115. 6
81.4

77.9
69. 0
91.8
94.6
84. 4
105. 5
108. 8
119. 1
79.8

3,410
82.9

2, 823
94.6
144

2, 838
97. 3
155

271, 065
450
270, 000
615
0
3.97
85.2
76. 1
122.0
49.0

225, 780
90
225, 000
690
0
4.53
73.3
71. 7
103.6
48. 5

68, 313
47. 229

21,808
243

1, 853
47

1

86.4
84.0
34. 1
168.9
83.2
96.7
117 0
93.1
71.4
63.7
64.0
116.3
67.1
61. 1
94.0

93.1
92.0
36.2
176.0
88.8
100. 3
149.0
96.3
74.3
73.0
64.7
119.2
63.8
58.7
86.4

92.6
91. 4
28.9
176. 7
87.7
94.2
160. 2
96.0
76.0
69.6
69. 3
117.2
56.9
49.3
90. 6

99.6
99.9
35.1
188.5
100.2
103.6
146.3
98.5
75.6
79.6
82.8
117.8
130.6
140.1
87.8

95.8
95.2
25.7
185.7
98.7
100.1
127.3
97.5
73.4
77.1
73.1
119.6
97.2
99.6
86.7

78.2
70.6
88.6
88.1
80.0
106. 8
109.8
122. 3
76.3

78.7
72 1
91.4
98.0
84.2
109.4
108. 7
111.6
76.2

79 9
72.0
92.7
100.8
86.5
108.9
109.3
112.5
78.0

79.4
71. 1
91.3
95.8
88. 1
103.3
111.8
116. ]
75. 9

78.5
71 1
92.0
95.8
90. 2
103. 6
111! 7
115 6
78.5

2,492
98.5
159

2 597
97.2
153

2, 089
96.0
140

2,489
90. 1
140

2, 536
87.7
141

6, 805
1,575
5, 000
230
0
4.66
76.8
68.4
113. 4
47.8

29
0
0
29
0
4.72
75.3
64. 7
111.4
47. 8

40, 946
0
40, 799
147
0
4.66
81.6
71. 7
118. 6
53. 5

3,634
0
3. 000
634
0
4.60
86.5
76. 7
123.8
58. 0

26, 059
380
22, 700
2,979
0
4.32
88.0
76.9
128. 5
58.8

61,035
41,070

60, 926
43.712

51,624
35. 368

47, 118
32,391

38. 365
33, 592

" 23, 612
514

23, 144
548

17, 458
418

7, 088
448

6.513
328

•

95.7
95. 6
35.5
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
40.7
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
41.3
162. 7
99.5
93.8
132. 7
96.2
67.0
82.8
73.5
119.8
127. 7
139. 0
76.7

78.2
72 1
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

3, 129
84.8
132

2,602
85.4
115

2.767
83.1
122

2, 534
82.3
103

2,581
82.0

31,964
16, 280
15, 000
684
0
4. 20
90.7
76. 1
133! 0
58. 1

76, 822
6, 452
57, 707
664
' 2, 000
4.06
88. 6
75. 2
128!o
56. 7

9, 514
2, 200
0
7,314
0
4.09
87.2
72. 7
126. 1
54. 5

51,447
450
50,000
997
0
3.98
81.3
73. 6
116.6
50.6

52, 737
0
52, 150
587
0
3.94
83.8
73 1
120. 1
51. 2

16,
3,
9,
4,

58, 364
47, 519

32, 047
34.815

58,543
52, 887

58,643
46. 186

56, 787
44, 145

55, 837
43, 507

58, 815
42, 208

10. 103
493

3, 568
341

19, 024
482

18, 426
441

12,979
408

14,710
412

17,588
369

i
;

I
!

945
210
634
101
0
3.93
83.8
74.9
118.8
50. 1

222

201

158

176

164

189

177

194

193

188

205

212

27, 239
19, 683
6, 654

24, 176
18,241
5, 040

22, 749
18, 340
3,916

21,011
19,945
216

20, 627
19, 601
''60

24, 657
20, 630
2, 976

23, 395
19,488
2, 839

26, 069
21, 240
3,814

24,436
20, 763
2, 636

25, 206
22, 066
2,114

25. 201
22, 947
1,180

27, 605
21, 688
4,998

2, 442
96

2,011
91

1, 537
138

1, 682
109

1,629
98

1.986
127

1, 869
103

1, 873
103

1,721
183

1,879
150

1,751
169

2,366
134

1,618
27

1, 702
30

1,708
37

1.724
31

1,613
12

1,796
12

1, 697
27

1,830
38

"1,709
37

1,621
37

1,659
42

1,627
43

58

48

43

52

58

73

70

71

64

67

64

57

148
230
192

108
235
182

100
277
84

67
253
41

91
270
40

84
263
36

106
259
38

119
252
*34

133
267
32

116
223
56

107
178
75

111
169
97

117
179
113

1,651

1,827

967

1,043

1, 102

1, 064

1,089

1, 175

1,127

1. 073

1,282

1, 383

a

d
Revised.
Deficit.
* N e w series. For earlier data see p . 18 of the F e b r u a r y 1933 issue, business indexes, and p . 20 of the October 1933 issue, commercial failures.
f Revised series. See p . 55 of t h e 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.
# N u m b e r of commodities changed from 502 to 567 beginning with month of J a n u a r y 1934.
c? Data revised from J a n u a r y 1932 through J u l y 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 of the October 1934
issue.




O

ENDEX TO MONTHLY BUSINESS STATISTICS
Pa*e

Page

Abrasive paper and cloth
51
Acceptances
30-31
Accessories, automobile
55
Advertising, magazine, newspaper, radio
25, 26
Africa, United States trade with
34,35
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans _
30
Air-conditioning equipment
48
Air mail
26
Airplanes
36, 55
Alcohol, denatured, ethyl, methanol
36,37
Aluminum
49
Animal fats, greases
37,38
Anthracite industry
22,29,43
Apparel, wearing
29,53
Argentina, United States trade with; exchange; flaxseed stock
32,35,38
Asia, United States trade with
34,35
Asphalt
44
Automobiles
22, 26, 27,28,29,55
Babbitt metal
49
Barley
40
Bathroom
fixtures
47
Beef and veal
41
Beverages, fermented malt liquors and distilled spirits
39
Bituminous coal
22,28,29,43
Boiler and boiler
fittings
47
Bonds, prices, sales, value, yields
33,34
Book publication
51
Boxes, paper, shipping
51
Brass
50
Brazil, coffee; exchange; United States trade
with
32,35,42
Brick
52
Brokers' loans
31
Bronze
50
Building contracts awarded
24,25
Building costs
25
Building materials
24,45,46,47
Business activity index (Annalist)
22
Business failures
31
Butter
39
Canadian statistics
56
Candy
42
Canal traffic
36
Capital issues
33
Carloadings
22,35
Cattle and calves
41
Cellulose plastic products
38
r
Cement
22,27,28,29,52
Chain-store sales
26, 27
Cheese
40
Chile, exchange; United States trade with
32, 35
Cigars and cigarettes
43
Civil-service employees
28
Clay products
23, 24, 27, 28, 29, 52
Clothing
24,25,27,28,29,53
Coal
22,28,29,43

Fairchild retail price index
23
Fares, street railways
35
Farm employees
28
Farm prices, index
23
Federal Government,
finance
33
Federal-aid highways
25,28
Federal Reserve banks, condition of
31
Federal Reserve member bank statistics
31
Fertilizers
37
Fire-extinguishing equipment
55
Fire losses
__
25
Fish and fish oils.
37,42
Flaxseed
38
Flooring, oak, maple, beech, and birch
45
Flour, wheat
41
Food products
22,23,27,29,39,40,41,42
Footwear
__ 45,52
Foreclosures, real estate
25
Foreign trade, indexes, values
34,35
Foundry equipment
48
France, exchange; United States trade with._
32,
34,35
Freight cars (equipment)
27,55
Freight carloadings, cars, indexes
35
Freight-car surplus
36
Fruits
23,40
Fuel equipment
48
Fuels
43,44
Furniture
46,48
Gas, customers, sales, revenues
39
Gas and fuel oils
44
Gasoline
44
General Motors sales
55
Glass and glassware
22, 27, 28, 29, 52
Gloves and mittens
45
Gold
32
Goods in warehouses
26
Grains
23,40,41
Gypsum
53
Hardwoods
45
Heels, rubber
52
Hides and skins
44,45
Hogs
41,44
Home Loan Bank, loans outstanding
25
Hosiery
53
Hotels
28,30,36
Housing
23
Illinois, employees, factory earnings
28, 29,30
Imports
34,35
Income-tax receipts
33
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
.
32
Interest payments
34
Interest rates
31
Investments, Federal Reserve member banks.
31
Iron, ore; crude; manufactures
22,46
Italy, exchange; United States trade with
32,35
Japan, exchange; United States trade with__ 32,34
Kerosene
44
Labor turnover, disputes
29
Lamb and mutton
42,44
Lard
41
Lead
49
Leather
22, 23, 24, 25, 27, 28, 29,44, 45
Leather, artificial
54
Liberty bonds
33
Linseed oil, cake, and meal
38
Livestock
23,41,42,44
Loans, agricultural, brokers', time, real estate
30,31
Locomotives
.-7-55
Looms, woolen, activity
54
Lubricating oil
.
44
Lumber
22,23,24,27,28,29,45,46
Lumber yards, sales, stocks
45
Machine activity, cotton, silk, wool
53,54
Machine tools, orders
49
Machinery
25,27,28,29,35,48,49
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
22,23
Maryland, employment, pay rolls
28,29
Massachusetts, employment, pay rolls
28, 29
Meats
_._
41,42
Metals
22,23,27,28,29,49,50
Methanol.
37
Mexico:
Petroleum production and exports.
43
Silver production
32
United States trade with___
35
Milk
40
Minerals
22,43,,49
Money in circulation
32
National Industrial Recovery Act, highway
construction
25
37
Naval stores
32
Netherlands, exchange
New Jersey, employment, payrolls
28, 29,30
Newsprint
50
New York, employment, pay rolls, canal
traffic
28,29,36
New York Stock Exchange
31,33
Notes in circulation
31
Oats
40
Oceania, United States trade with
34,35
Ohio employment
28
Ohio River traffic
36

Cocoa

42

Coffee
23,42
Coke
43
Collections, department stores
26
Commercial paper
30
Communications
36
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
30
Copper
49
Copper wire cloth
50
Copra and coconut oil
37
Corn
40
Cost-of-living index
23
Cotton, raw and manufactures
23,53
Cottonseed, cake and meal, oil
38
Crops
23,38,40,53
Dairy products
23,39,40
Debits, bank
31
Debt, United States Government
33
Delaware, employment, pay rolls
28, 29,30
Department-store sales and stocks
26,27
Deposits, bank
31
Disputes, labor
29
Dividend payments
34
Douglas
fir
45,46
Earnings, factory
29,30
Eggs
__ 23,42
Electrical equipment
49
Electric power, production, sales, revenues
22,39
Electric railways
35
Employment:
Cities and States
28
Factory
27,28
Nonmanufacturing
28
Miscellaneous
28
Emigration
36
Enameled ware
47
Engineering construction
24
England, exchange; United States trade with. 32,35
Exchange rates, foreign
„
32
Expenditures, United States Government
33
Explosives
37
Exports
34,35
Factory
27, 28, 29,30
Digitized
for employment,
FRASER pay rolls
Failures, commercial
31



Page
Oils and fats
37,38
Oleomargarine
38
Paints
38
Paper and pulp
22, 23, 27, 28, 29, 50, 51
Passenger-car sales index
26
Passengers, street railways; Pullman
35,36
Passports issued
36
Pay rolls:
Factory
29
Factory, by cities and States
29
Nonmanufacturing industries
29,30
Pennsylvania, employment, pay rolls
28, 29
Petroleum and products
22,27,28,29,43,44
Pig iron
22,46,47
Pork
41,42
Postal business
26
Postal savings
31
Poultry
23,42
Prices:
Cost of living, indexes
23
Farm indexes
23
Retail, indexes
23
Wholesale, indexes
23, 24
World, foodstuffs and raw material
24
Printing
22
Production, industrial
22
Profits, corporation
32
Public
finance
33
Public utilities
36
Pullman Co
36
Pumps
49
Purchasing power of the dollar
24
Radiators
50
Radio, advertising
25
Railroads; operations, equipment, financial
statistics
35,36,55
Railways, street
35
Rayon
54
Real-estate market activity
25
Reconstruction Finance Corporation, loans
outstanding
33
Registrations, automobiles
55
Rents (housing), index
23
Retail trade:
Automobiles, new passenger
26
Chain stores:
5-and-10 (variety)
26
Grocery
26
Department stores
26,27
Mail order
27
Rural general merchandise
27
Roofing
39
Rice_
40
Rubber, crude; scrap; clothing; footwear;
tires
22,23,24,27,28,29,51,52
Rye
41
Sanitary ware
47
Savings deposits
31
Sheep and lambs
42
Shipbuilding
22,27,28,29,56
Shoes
22,24,25,27,28,29,45
Silk
23,54
Silver
22,32
Skins
44
Softwoods
45,46
Spain, exchange
32
Spindle activity, cotton
53
Steel, crude; manufactures
22,47,48
Stockholders
34
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks, issues, prices, sales, yields
34
Stone, clay, and glass products
22,
23,27,28,29,52,53
Sugar
23,42
Sulphur
37
Sulphuric acid
37
Superphosphate
37
Tea
23,42
Telephones and telegraphs
36
Terneplate
48
Terra cotta
53
Textiles, miscellaneous products
54
Timber
45
Tin and terneplate
23,48
Tires
22,24,27,28,29,51
Tobacco
22,25,27,28,29,43
Tools, machine
49
Trade unions, employment
28
Travel
36
Trucks and tractors, industrial electric
56
United Kingdom, exchange; United States
trade with
32,35
Uruguay, exchange
32
United States Steel Corporation
30,34,48
Utilities
28,29,34,35,39,55
Vacuum cleaners
__
50
Variety store sales index
26
Vegetable oils
37,38
Vegetables
23,40
Wages
29,30
Warehouses, space occupied
26
Waterway traffic
36
Wheat and wheat
flour
23,41
Wholesale prices
23
Wisconsin, employment; pay rolls
28,29
Wood pulp
__.
50

WooL___
Zinc

22,24,54
22,49

UNITED STATES DEPARTMENT OF COMMERCE

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