Full text of Survey of Current Business : December 1935
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UNITED STATES DEPARTMENT OF COMMERCE DANIEL C. ROPER, Secretary BUREAU OF FOREIGN AND DOMESTIC COMMERCE N. H. ENGLE, Acting Director SURVEY OF CURRENT BUSINESS Prepared in the DIVISION OF ECONOMIC RESEARCH ROY G. BLAKEY, Chief M. JOSEPH MEEHAN, Editor DECEMBER 1935 Volume 15 Number 12 CONTENTS SUMMARIES AND CHARTS Business indicators Business situation summarized Comparison of principal data, 1931-35 Commodity prices Domestic trade Employment Finance Foreign trade Real estate and construction Transportation Survey of individual industries: Automobiles and rubber Forest products Iron and steel Textile industries STATISTICAL DATA—Continued Page 2 3 4 5 6 7 8 9 10 11 12 13 14 15 SPECIAL ARTICLE Cottonseed: A leading cash crop 16 STATISTICAL DATA New and revised series: Revised Series, exports and imports by grand divisions, countries and commodities for 1934 19, 20 Weekly business statistics through November 30 21 Monthly business statistics: Business indexes Commodity prices Construction and real estate Domestic trade Employment conditions and wages Finance Foreign trade Transportation and communications Statistics on individual industries: Chemicals and allied products Electric power and gas Foodstuffs and tobacco Fuels and byproducts Leather and products Lumber and manufactures 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 $1.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents. Foreign subscriptions, $3, including weekly supplements. M a k e remittances only to Superintendent of Documents, Washington, D . C . 31476- Page 22 23 24 25 27 31 36 37 38 41 41 45 47 48 49 51 52 53 55 56 57 58 60 Inside back cover SURVEY OF CUERENT BUSINESS 1935 Business Indicators 1923-25=100 INDUSTRIAL PRODUCTION ISO INDUSTRIAL PRODUCTION 160 100 too MANUFACTURES MINERALS (Adjusted)* MAdJusted)* 40 160 j I i i S M I I I i I I i ! i i 111 ! ! FACTORY EMPLOYMENT AND PAYROLLS 200 CONSTRUCTIOfSI CONTRACTS AWAROED 1OO 1OO 1 jus ted irrTTTiuii 0 (Unadjusted) TOTAL FREIGHT CAR LOADINGS 160 1OO 40 100 __, Unadjusted !l! FREIGHT CAR LOADINGS L. C. L. 160 r~ Adjusted Adjusted Adjusted _ 4 0 il M i l ! II 1 1 1 I I i ii! Ill I ii ill II i i II I II i I ' l l 11 i 11 111 ifil 11 iMTM 111111 Ms 11! ii m DEPARTMENT STORE SALES WHOLESALE PRICES 160 200 Unadjusted i 1OO|— O j i i! I I I i l I [ I I i II I I I I ! I i i I I i ' ! , i : Lulli ;!i PRODUCTS VALUE OF EXPORTS VALUE OF IMPORTS 2OO 200 1OO 1OO Adjusted Adjusted j I i I ] ( ! 200 ! lili I Mil! BANK DEBITS OUTSIDE NEW YORK CITY ___— — ___ — _ . , , r s/ — - ^ ^ / Unadjusted I 1! I! hi 1 ! ! i I! i i i•iII 11i II i ! IJ l' 1 i 1 1931 1932 1933 JLLiJliiilil 10341 T935I ADJUSTED FOR SEASONAL VARIATION ••I iimliin I FEDERAL RESERVE MEMBER BANK LOANS 1601— 1OO 1OO JJii ll.ill.il I IMlllUll ±liUlLLLlJ_ I I I I I M l TOTAL ALL OTHER {Commercial) 4 0 ULii 1931 11932 1933 ""REPORTING MEMBER BANKS 1934 liil 1935 D.D. 83 3Z SURVEY OF CURRENT BUSINESS December 19:$.") Business Situation Summarized Labor Statistics in three-fourths of the manufacturing industries. Expansion in industrial pay rolls has been accomadjusted index of production at the highest point reached since the second quarter of 1930, excepting the panied by a greater-than-seasonal increase in farm invery brief period of unbalanced output in the summer come during the heavy marketing season. This gain of 1933. In October, the Federal Reserve Board's has provided the farmer with a considerably larger adjusted index advanced 5 points to 94. Production margin above his fixed expenditures, with the result in leading industries was maintained during November that retail sales in rural areas have increased very subat the high level reached at the end of the preceding stantially this year. Department store sales in recent months have moved month, and a further advance in the seasonally adjusted index is anticipated for the current month. more irregularly than rural general merchandise sales, While industrial production as a whole has been rela- influenced to a degree by the vagaries of the weather. tively stable this year, the balance between the various With purchasing power on a higher plane than a year industries has improved as the depressed durable ago, merchants are looking forward to improved busigoods industries have gradually assumed more im- ness during the Christmas buying period. The extra-seasonal rise in freight-car loadings during portance. In the first 10 months of the year, the the fall months eased the financial position of the railoutput of durable goods increased about one-fourth in roads, although only to the extent of cutting down the comparison with the like period of 1934. The increase in industrial output this fall has been large deficit of the first 8 months. While total loadings accompanied by a rise in employment and pay rolls in have declined in November, shipments of manufactured products, as indicated by the movement of misfactories, and in retail trade and some of the other noncellaneous and 1. c. 1. freight, have not recorded the manufacturing industries. Part of these gains have customary seasonal recession. been seasonal, but the factory employment index, Stock prices reached a high for the year in the third which allows for this factor, has advanced about 4 week of November, reflecting the favorable business points since June. Although the increase in employ- trend and the prospects of considerably enhanced ment afforded by the automobile industry was the profits for large corporations in the final quarter of 1935, most important single factor in the October gain, in- in comparison with a year ago. Commodity prices creased employment was reported by the Bureau of have not varied materially during November. industrial opA YEAR ofissustained improvement inthe seasonally erations drawing to a close, with MONTHLY BUSINESS INDEXES ;j *'<tcXor> emij pioyiiient hand pay rolls Industrial production Unadjusted-1 Freight-car loadings Merchan- II L Adjusted » iie;>aruiieia ji (•'orciuii I! s store sales, ;j trade, value, J 5 J h - g* -- 3 Year and month 1 U •a 1 !s " E -/ 3 & II g l 3 55 I M onthly I average. j 1926=100 Monthly average, 1923-25 = 100 1929: October 1930" October 1931: October 1932- October 1933: October 1934: October November December 1935: January February. March April May June July ___ August September October Monthly average, January through October: 1933 1934 1935 121 90 75 68 78 118 80 '1 66 76 116 95 83 74 81 105. 5 85.8 72.9 63.0 77.9 112. 4 82.2 61.3 44, 7 59. 4 118 97 78 65 66 104 86 69 57 58 109 97 87 72 70 73 76 87 84 85 72 74 75 | 74 86 85 81 81 90 76.8 76.8 79 0 61.0 59.5 63.2 64 60 56 57 59 64 66 65 62 88 91 91 89 87 86 83 86 89 96 87 91 91 91 87 91 92 90 79 88 91 89 88 86 85 86 86 87 89 94 94 96 97 87 89 98 80. 6 82.0 82.6 82.4 81 3 80.0 80.4 81.7 81.9 83.7 64.2 69. 1 70.7 70. S 68. 5 66.4 65.3 69.6 72.1 75.1 58 61 62 59 61 63 64 65 65 81 61 63 58 60 62 64 61 63 65 65 65 64 63 64 67 67 77 80 89 77 79 88 67. 7 3 79.1 3 81.6 47.2 62.0 69.2 58 63 63 75 74 78 119 87 1 84 83 86 89 95 127 105 90 so 85 97 84 85 92 99 82 86 90 118 88 73 67 76 Adjusted for number of working days. 1 90 88 86 86 84 84 86 87 89 94 84 81 87 93 3 2 60 64 70 73 74 66 64 Adjusted for seasonal variation. 104 j 93 1 83 69 66 144.4 ! 107 120. 0 ?s ; 91.9 62.6 66.0 ! 37 122 112 94 73 111 101 85 64 69 114 71 44 33 42 119 75 51 32 46 63 64 66 82 83 135 73 74 45 45 78 42 39 47 41 73.3 68.0 ! 79.6 65 65 64 63 63 64 64 64 65 64 59 61 71 79 76 74 75 82 73 76 45' 47 48 46 46 76 80 50 55 61 86 86 80 79 81 77 52 49 50 48 51 48 49 49 52 51 60 54 53 58 76.4 66.8 80.3 79.8 79.4 80.7 84.4 79.3 76.7 86.0 26 27 27 30 35 38 43 46 78.8 79,5 79.4 80.1 80.2 79.8 79.4 80.5 80.7 80. 5 3 34 3 46 3 47 3 37 3 42 3 53 60.1 69.4 79.0 3 22 3 33 3 34 65.0 74. u 79.9 60 68 71 3 31 1 31 31 27 1 28 i Average of unadjusted indexes. 95.1 83. 0 70.3 Ci4. 4 71.2 76.5 78.6 76.9 SURVEY OF CURRENT BUSINESS December 1935 Comparison of Principal Data, 1931-35 X///////A FIRST 10 MONTHS BANK DEBITS OUTSIDE NEW YORK CITY 0 50 100 REMAINDER OF YEAR {BILLIONS OF DOLLARS) 150 200 250 Wk/////A 1933JBM 1932HHH = 1931 = W///A ••• ms////////A = ^ CONSTRUCTION CONTRACTS AWARDED — (BILLIONS OF DOLLARS) STEEL INGOT PRODUCTION — (MILLIONS OF TONS) AUTOMOBILE PRODUCTIO^\ — (THOUSANDS OF CARS) 1000 2OOO 3000 4000 O V77A i933JlHBiHBliHBH i932pH^HDH^E~| = WPZ\ mii FREIGHT CAR LOADINGS — (MILLIONS OF C4/?S; 0 10 20 30 1934 S i 1933IH 1932H| 193tpB W^/////x V?////A •EZ 40 SURVEY OF CURRENT BUSINESS December 1935 Commodity Prices the first 3 weeks November DURING wholesale price index of of "sensitive" Moody's 15 The Bureau of Agricultural Economies' index of farmers' prices for 47 commodities increased from 107 commodities fluctuated in a narrow range about the for September to 109 for October. The fact that this close and low of October (167.1 on a December 31, index is based on prices at midmonth, whereas the 1931 base as 100). This was in sharp contrast to the Bureau of Labor Statistics' farm-products index is an fluctuations of the several preceding months; that is, average for the month, and the fact that the indexes these prices appear to have reflected Italo-Ethiopian are constructed different!}7 accounts for most or all of War developments to some extent, though other the apparent discrepancy between the movements of factors also have influenced the trend. the two. The Bureau of Agricultural Economics The Bureau of Labor Statistics' index of wholesale states (The Price Situation, November 1935) that prices, based on 784 comodity-price series, was slightly the general level of prices received by farmers is not lower for October and also for the first half of November likely to change materially in the next few months than for September, when the 5-year monthly peak of and that we may expect further seasonal advances on 80.7 was reached. The majority of the group com- top of the unusual recent rise in butter prices. The ponents of this index showed increases for October as improvement in industrial activity appears to be an compared with September, the most substantial of important factor affecting farm prices and incomes as the increases being in the grains, hides and leather, well as nonfarm prices and income from other sources. and textile products. But the substantial decline in The nearly 0.5 percent increase in the National the index for farm products and the drop in meats Industrial Conference Board's index of the cost of and certain of the other important components more than offset the increases among these and other groups living follows the use of almost similar proportions in included in the Bureau of Labor Statistics' combined the preceding month. Rents and food prices have index. This drop in meat prices in October was one advanced 9.5 percent and 7.7 percent, respectively, in of the sharpest reversals in their long and steep climb the past year while clothing prices show a moderate following the great drought of 1934. decline for this period. INDEXES OF COMMODITY PRICES i Wholesale (Department of Labor] Economic cJasses z Groups a n d s u b g r o u p s 1 u s .3 u, •o 1 1 a I 1 & Meats S3 si 3 S (A t3 u c •d If O r* » and product 1 1 1 O Foods £ 3 .2 3 1 Farm 1 ! Year and month Finish ed prod a £•» ! mm 1 3 1 w 95.1 83.0 70.3 64.4 71.2 94.2 85.4 75. 1 69. 6 75.4 97 1 79.9 61 5 54, 6 61.8 94 7 104. o! 76.8 82.51 65 2! 58.8 60. 7 46.9 72.8 55.7 99.1 101. 4'ilOfl. 7 91 G\ 72.1 88. 8 j| 96.7 I £2 1 44. 3 73.31 I 7 1 1 79 p! 34.4 60.5! 56. 4 7 0 . 2 58. 2 64.2, 51.0 77. 2 ( 76. 5 76. 5 76 9 79 2 79. 3 79,5 72. 1 72 2 73. 1 71. fj 1 70. 6 71. I j ' 0 , X 85.!' 87. ;: 91.5, 78.8 79.5 79. 4 80. ! 80.2 79 s 79.4 80.5 80.7 80.5 80 8 81.5 81.7 82 3 82, 4 82 2 82.0 83.0 83 1 82.7 76.6 77 4 76. 6 77 r > 77.6 76 4 75.8 71. 1 77 3 77.1 65.0 74.6 79.9 69.6 78 0 82.2 55.4 68 4 76.9 95. 9 86. 3 76. 1 70.7 83.9 94.0 86.7 75. 6 "2 7 72.7 2.1 || JO it-. .£rc ....... M o n t h l y average, J a n u a r y t h r o u g h October: 1933 1934 1935- . 71. r I -'? (1 fiS. 4 7."" '- 71 -i i ' 7 71 7J 71.8 | 88. v. i'k 9 j 87 4i "8 3 ! 82 Vl K! 0 C, "Q ; •iO 4 i <t,~> u 73.5 73 9 72. 8 73.2 74 4 76.3 79 5 78.2 83. 2 76 9 78. 3 79.3 83 51 86 s |i 64.1 73 0 73.1 50.5 64 2 78.8 51.7 71 8 83.5 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. .Louisthe November 1934 issue. i Revised. See p 20 of <n 6 '8 3 '7. 1 '9 3 2 70.0 84.1 82 8 82 1 84.9: 86 l! 85.0 1 60.0 69 7 83.4 { i J]J- ] 97.0 94 5 93. 3 102.0 102 9 97.1 51.0 69.9 61 8 78 4 94.2 77.7 E- *a *- c *•« a, »w jl! 6 •i- 83.1 77.6 67.8 71 1 73.6 110.3 96.6 82. 5 72.8 89.0 94. 7 92. 1 81.0 73.7 81.2 83.2 74.7 66. 6 64.1 65.3 101.0 94.8 84.9 76. 1 78.0 149 113 77 64 78 86. 3 70. : 69. 7 < 70. t. 86. V 8 5 . '.• 70.fi 71.0 80.9 80.8 80.8 \oc 99.8 87.9 82.8 80.3 83. 0 89.5 74. 7 63. 0 55. 0 77.1 -o (, 8*;. / SI : 85. S ^ 0 i SO. 7 S5. 4 .-0 7 85. 7 <(\ 3 >.(; ~ c'5 f > 88.3 80.6 86.6 SO. 5 86. 9 8<). 3 80. * 89.6 80. 5 86.6 SO. 9 80.5 86.6 93.6 80.6 8 6 . r> 70.7 70. 1 69. 2 P8 7 68.7 68. 4 67 7 67.3 67. 1 67.5 81.6 82.4 82.4 83. ? 82.9 82 7 82.6 83.0 83. 5 83.9 75.4 72.4 65.1 79.3 74.7 79.4 62.0 61.7 86 5 75 7 73 2 87 0 81 6 87.1 73.5 69.5 85.2 80.3 73.4 88.5 80.6 86.3 70.4 68.5 74.2 79.1 82.8 84. t 79 3 77. 4j 85 ll M) 4 M.I 81. r 77 " 77.6 84.8 ! 81.2 7* 0 80 7 78. 0 85. 2 78. 7 77.9 85. 4 78.6 77 81 85. 9! 80. 2 78.3 86.1 81.1 z£ I © Dec. Mo HA ^ Mo. average 1930 aver at'J1' (Jan 1, average, 19091923 = 1914 = 1923-25 1931) = 100 -• 1 0 0 100 100 78 {ll S" T 77 1 74.' 83. i. 81.7 78. ( ! Ii' 9 74. 4 84. I1 81.3 78. C *•,'». 1 7 7 >• 73 7 v", ' M . I -.-, - i 87 1 > t» z »S a j 74.8! I Sc © M o n t h l y average, 19 26«1OO 1929" October 1930: October 193T October 1932: October 1933: October 1934: October No vein ber December 1935: Januarv___. February March.. April May June Julv August ._ . September October. Eetai! | | 73 ( 7r' S 73.1 74. 2 74.7 74 1 73.0 73.4 Middle of month. This is a new scries. Bee p. 23. 70, S 70. 6J*. 4 f>9 1' 69.4 70. 1 70 2 70.9 71.8 72.9 101 101 U7.S 75 8 75.2 10" 11' 1P8 jo1; 106 107 109 79.7 83.3 81.4 80.2 80.5 69 88 107 3 index is for 1st of following month. 118.4 101.8 86.2 73. 3 87.1 87.4 87.4 87.2 86.8 86.0 86.3 86 3 86,1 85,7 85.2 85.7 86. 6 87.6 75.5 88.5 86.3 6 SURVEY OF CURRENT BUSINESS December 1935 Domestic Trade sales of merchandise in RETAILthe largest general month since 1930,October * were for this accord- relatively more important in the total volume than in 1934. Naturally, buying has extended to those lines ing to the available indexes. The increase over the in which purchases are more generally postponed preceding month lacked uniformity; the sales of metro- during periods of economic stress. politan stores reflected the adverse effects of warm October department-store sales increased only weather, while sales in rural areas expanded, by the slightly in comparison with those of September, but usual amount for this period. In September rural the seasonally adjusted index fell 3 points below the sales showed an unusually large increase, and depart- average of the 4 preceding months. Sales ran 6 perment-store sales also advanced more than seasonally. cent ahead of a. year ago, or at a slightly higher perThe advent of colder weather during November caused centage of increase than for the year to date. a heavier movement of seasonal merchandise which Sales of general merchandise in rural areas have will be reflected in trade for the current month. been improving at a rate which gives promise of the In general, available data indicate a gradual improve- best results since 1930; the Bureau's index for the full ment in consumer expenditures through retail channels year 1935 may closely approach the corresponding during the current year. The aggregate value of figure for 1930. The seasonally adjusted index for retail sales is well ahead of that of 1934, with the October stood at 105 percent of the 1929-31 average, period of heaviest volume just ahead. Merchants are the same as in September when sales were the highest anticipating a considerably larger holiday business since the spring of 1930. For the country such sales than in 1934 and have placed orders with wholesalers were 17 percent higher than in October 1934, showing and manufacturers on this basis. The dollar increases almost the same relative improvement as for the year in sales this year have meant a larger physical volume, to date. Fairly uniform improvement by geographic since retail prices have on the average not varied to any areas has characterized these sales both this year and considerable extent (food prices are an exception to the last year. general trend). In October, however, Faircliild's October general-merchandise sales in the States of index of retail prices of general merchandise advanced Indiana, Illinois, and Wisconsin, as indicated by pre1.2 percent, the most important increase since 1933. liminary reports to the Department, show gains over Sales in practically all major lines of business have last year of 17 percent, 14 percent, and 13 percent, been higher this year than in 1934. Purchases of respectively. In the preceding month, increases from consumers' durable goods, such as house furnishings, September 1934 amounted to 12 percent for Indiana, electrical equipment, and automobiles, have been 18 percent for Illinois, and 8 percent for Wisconsin. DOMESTIC TRADE STATISTICS Wholesale trade Retail trade D e p a r t m e n t stores Chain-store sales Unad- A d justjusted 2 ed^ Variety stores General m e r chandise i panies) * Unad- A d justjusted ' ed « Unadjusted i Stocks a Monthly average, 1923-25= 100 1929: October !930: October 1931: October 1932: October. 1933: October ..... 1934: October „ November December 1935: January..^ _. February March.... April May June.. July August September October Monthly average, January through October: 1933..-.. 1934 1935 . i Corrected 122 112 94 75 77 111 101 85 68 69 112 101 89 67 77 101 92 81 61 70 | Avg. same mo. 192931 = 100 Adjusted « New passenger car sales Unadjusted! Monthly average, 1923-25= 100 104 109 97 93 87 83 72 I 69 66 '! 70 82 86 126. 6 90.4 65. 8 63.2 79.9 120. 0 62. 6 38. 5 22.3 42.7 141.0 76.0 46. 5 28.0 53.5 | 102. 9 93. 7 84.2 76. 2 81.7 59.0 63.0 i 49.0 ! 84. 3 85.1 85.0 64. 5 1 64.2 64.8 66 65 62 63 64 66 84.2 84.6 84.0 83.2 82.5 82. 1 82 2 j 82.8 83.7 85.2 63.9 , 64.6 f 65.2 ; ; 64.8 1 64. 6 ! 64. 6 64 7 64.8 67.2 66.6 61 63 65 65 65 64 63 64 67 67 65 65 64 63 63 64 64 64 65 U \ i 56.1 62.6 i 65.1 ! 67 66 64 92 93 94 91.3 92.9 163.9 90.0 91.5 88.9 108.7 110.4 134.2 89.1 89.8 94.5 47.3 39.2 27.7 59 61 71 79 76 76 55 61 86 86 74 75 82 73 76 80 80 78 | 81 j 77 57 61 65 66 66 61 64 64 63 64 64 63 61 62 64 | 66 92 96 96 96 92 96 90 98 100 100 67.2 75.8 78.1 92.9 86.0 86.1 «2. 0 79. 3 87.7 93.8 90.2 90.8 93.0 90.6 86.0 90. 7 92. 1 89.6 91. S 92,4 72.6 82.0 90.6 97.0 87.6 94.2 74. 7 79.8 103. 7 87,5 90.6 97.4 101. 0 51.5 72.7 100.2 116.7 98.4 104. 9 89. I 80.2 50. 1 51.? 60 68 71 83 60 74.7 I1 65 82 6 92 63 82.9 96 —1 1 • Adjusted for seasonal variation. to daily average basis. - . - Monthly average, 1929=100 154. 5 110.3 80.3 77. 1 97.5 64 65 j 64 | 1 i 109. 9 100. 6 91.4 80. 1 85. 6 71 74 60 j » Adjusted 2 Unad- Adjustjusted I ed 3 Pay rolls 111.5 102. 1 92.8 81.3 86. 9 73 i 74 ! 78 | re Employment Monthly avera ge, 1929-31 = 100 82 83 135 60 67 | ! Bura 1 sales Combined Sales Unad- A d justjusted i ed » Year and m o n t h Freight-car loadings, merchandise I. c. 1. m. 8 99.7 97.0 92.8 104. 8 104.6 61. 5 76 0 91.0 • End of month. 40 9 62 4 81.5 75.0 86.5 94.5 78.5 70.0 78.5 81.0 71.5 51.0 64.0 |• i• !i i! j 75.0 82.3 83.5 102. 7 92.0 77.9 60.8 62.4 * See note on p. 26 of the Nov. 1934 issue. SURVEY OF CURRENT BUSINESS December 1935 Employment improvement which has C ONTINUING themidsummer, employment inbeen in evidence since the industries surveyed monthly by the Bureau of Labor Statistics showed a gain of approximately 250,000 workers from September to October. In the 3 months ended with October, the aggregate increase in these industries, which employ about half of the total gainful workers, was approximately three-quarters of a million persons. In the past 17 years, increases and decreases in factory employment between September and October were about evenly divided, with the average of the changes showing a slight net decline. This year the increase in the number of factory employees amounted to about 150,000 workers. The gain in employment in retail trade establishments, which accounted for the major part of the increase in nonmanufacturing industries, was largely seasonal. Advancing 1.8 points from September to October, the factory employment index at 85.3 percent of the 1923-25 average stood at the highest level since October 1930. The seasonally adjusted index of the Federal Reserve Board advanced 1.8 points to 83.7. Factory pay rolls were up 4.2 percent over this period, raising the index to 75.1, the highest figure reported since March 1931. The gain of 5.2 percent in employment in durablegoods industries was due only in part to the larger number of workers employed at automobile plants. The expansion in the production of durable goods generally has been accompanied by employment gains in such industries. Of the 46 industries included in this group by the Bureau of Labor Statistics, 38 showed gains from September to October, and all except 4 reported increased pay rolls. Employment in this class of industries was 19 percent higher than in October a year ago. The number employed in the nondurablegoods industries declined slightly; however, 31 of the 44 industries in this group reported employment gains. More-than-seasonal gains among the 90 industries surveyed were numerous and embraced such widely diversified industries as electric and steam car building, radios and phonographs, and wire work. Contraseasonal gains were reported for blast furnaces—steel works—rolling mills, and for foundries and machine shops. Industries allied to building construction, such as steam and hot-water heating apparatus, sawmills, brick, tile, and terra cotta, cement, and glass, all reported improvement. Employment in the machine-tool industry continued the steady expansion which has been uninterrupted during the past }^ear. Employment in 9 of the 17 nonmanufacturing industries increased from September to October, and 10 reported larger pay rolls. Wholesale and retail trade showed seasonal gains. Employment in the private building construction industry remained practically the same in October as in September. The metalliferous mining industry employed about 5.5 percent more workers in October than in September, the increase being particularly marked in copper mining. STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES Factory employment and pay rolls Year and month 1929: October... 1930: October... 1931: October... 1932: October... 1933: October... 1934: October November.. December... 1935: January February... March xipril May June July August September.. October Monthly average, January through October: 1933 1934 1935 Moilmanuiacturuig employment and pay rolls (Department of Labor) Electric light and power Telephone Anthracite Bituminous Employment j Pay coal mining and manu- and telegraph mining roil factured gas EmEmEmEmUnad-1 Ad- jj Unad- ploy- Pay ploy- Pay ploy- Pay ploy- Pay justed Justedi Justed ment rolls ment rolls ment rolls ment rolls Monthly average, Monthly average, 1929=100 1923-25=100 Wages TradeUnion Factory« Retail trade members employed Average Average Emweekly hourly ploy- Pay earnings ment rolls Percent of total members Common labor rates1 Cents per hour Dollars 107. 7 87.7 74.4 64. 4 79. G 105.5 85.8 72.9 03. 0 77.9 112.4 82. 2 61.3 44.7 59. 4 ioai 99. 0 S6. 8 63.9 56.9 133.9 1J7. 2 91. 1 66. 7 61.6 98.8 91.8 81.3 67.0 68.0 106.8 79. 4 56.2 37.8 44.1 105.7 104. 8 92.7 79.9 82.2 106. 0 105. 6 93. 2 74.4 76.2 101. 9 94. 5 84. 1 76.2 68.7 105.1 100. 9 91.6 75.7 67.0 102.0 95. 6 85.2 76.3 83.3 103.2 92.6 78.9 59.7 61.6 29. 17 24. 80 21.00 16. 82 19. 50 0. 592 .587 . 557 .474 .542 40 39 35 32 37 78.4 76.9 78.1 76.8 79.0 61.0 59.5 63.2 58.5 60.7 61.6 48.3 51.2 52.3 79.3 79.8 79.7 57.6 58.3 57.0 85.8 85.5 83.6 80.6 79.6 78.3 70.3 69.9 69.7 74.9 72.2 73.2 82.6 83.7 91.1 61.9 61.9 66.2 20.00 20.12 20.74 .593 .594 .594 41 41 40 78.8 81.3 82.5 82.5 81.2 79 7 79.6 81.8 83.5 85.3 80.6 82.0 82.6 82.4 81.3 80 0 80.4 81.7 81.9 83.7 64.2 69.1 70.7 70.8 68.5 f>fl 4 65.3 69.6 72. 1 75.1 62.9 64.4 51.4 52.6 53.5 5(5. 8 49.4 38.7 46.0 58.8 57.5 64.3 38.9 49.9 49.5 66.0 37.5 28.3 38.2 55.9 80.0 81.1 81.6 74.3 75.3 77. 9 69.9 73.4 77.0 74.3 59.6 66.1 67.5 45.0 49.1 64.7 35.6 45.8 60. 4 69.8 82.7 82.2 82.2 82.6 83,2 83.8 84.7 85.7 85.8 87.3 78.0 78.3 79.4 79.0 79.8 79.8 81.5 81.5 83. 1 84.4 70.5 70.0 69.8 69.7 70.0 70 2 70.3 70.5 70.4 70.0 73.9 72.9 75.3 73.1 73.7 74.4 75.7 75.5 74. 2 75.3 79.5 79.2 80.2 83.6 82.2 82 1 79.0 77.7 81.6 83.8 59.7 59.3 60.4 62.5 62.0 62 4 60.4 59.2 62. 5 63.3 21.61 22. 09 21 86 21.93 21.76 21 46 21.75 22.32 22 f8 23.11 .594 .595 .597 .598 .599 . 599 .598 .601 39 39 39 40 41 42 42 42 42 42 47.2 62.0 69.2 50.5 59.3 53. 5 45. 8 56. 8 48.6 66.5 76.7 76. 5 35.2 53.5 5H.4 78. 1 83.7 84 0 71.5 77.7 80 5 70.7 70.4 70.1 68.3 71.2 74 4 74.0 81.0 80.9 53. 7 60. 3 61. 2 17. 55 20. 06 22.05 .479 .579 .598 67.7 79.1 81.6 » Adjusted for seasonal variation 1 | 1 National industrial Conference Board. 3 Road building. .em .602 34 41 41 SURVEY OF CURRENT BUSINESS December 1935 Finance INANCIAL markets have remained Fduring November. Stock prices have buoyant extended the upward movement which has been in progress since last spring, although the market developed an irregular tendency toward the end of the month. Bond prices have continued to move within a rather narrow range, with the average quotation only slightly below the high of the year reached in July. The upward trend of stock prices has been influenced by the expansion in business activity and corporate earnings, as well as by the tendency for investment funds, including probably some capital from abroad, to flow into the stock market. In a period of about 7 months the value of stocks listed on the New York Stock Exchange has appreciated $12,000,000,000 to $43,000,000,000. During this period the ratio of stock exchange members total net borrowings on collateral to the market value of all listed shares has dropped from 2.50 to 1.84 percent. While more liberal dividend disbursements have been made by leading corporations this year, the yield obtainable on dividend-paying common stocks has tended downward as stock prices have risen. According to an analysis by Moocl}T?s Investors Service, the yield on a representative list of 138 stocks had declined to 4.2 percent by the end of October, a reduction of about 1% percent from the yield at the end of last February. Since this list includes only dividendpaying issues, it does not reflect accurately the average yield in view of the many stocks upon which no dividends are being distributed. Yields for the groups covered by Moody's compilation nuiged from 5.2 percent for 8 rail stocks to 3.7 percent for 10 insurance stocks. Intermediate yields were 5 percent for 13 utility stocks, 4.1 percent for 15 bank stocks, and 4.1 percent for the 92 industrial shares included in the list. New capital issues have been put out in relatively large volume during October and November, with the latter part of the current month bringing forth some important public-utility issues. The monthly figures have been below the large totals of last summer and the amount of new capital raised has been small. The outstanding figure in the weekly member bank statement is still that of excess reserves which are currently in excess of $3,000,000,000. The principal factor in the recent rise in these reserves has been the continued heavy inflow of gold resulting in large part from financial and political unsettlement abroad. In an effort to arrest the gold flow, the Bank of France has raised its discount rate from 3 to G percent in successive steps during November, During the 4 weeks ended November 15, gold imports amounted to $152,000,GOO. The major part of this gold came from France and England, and further increased our gold supply which had previously been swollen by the heavy gold inflow in previous months. (See the accompanying table.) Additional large quantities of gold are en route or have been engaged for shipment to this country. Late in October the New York Clearing House Association banks raised to 1 percent the low call and time-money rates which had prevailed on the New York Stock Exchange since April. This change in rates was due less to the operation of normal factors underlying the demand for and supply of money than to the fact that existing rates were unrexnunerative. FINANCIAL STATISTICS Year and month I j Net gold Total Bond Savings deposits imbankStock prices, ports hank er's acprices ! Money inceptNew , credit (421) York ances cluding | in capital : osstStandStock circugold issues i stand- outard ExPostal Statis- change lation ! New InrestandSav- 1 tics York I vest- ! ing,of ing, I leased end (do- ; i ! from ings State , ments 1in on iii end of mestlc) ear| month mat k « 1 ; ! '• T h o i i s ,1926-100 Doll ,rs of ( M i i s ,f,!>iiais Reporting mciuhrr banks, Wed nesday closest ; to i*nd of month Bank debits outside New York City Loans on securii ties A H other loans i SVdera! ] 1929: October 1930: October 1931: October 1932- October 1933: October..... 1934: October November December. __ 1935: January February.... March April.... May June . . . Julv August September. __ October 32, 202 23, 679 18.125 12,354 13, 027 0, 179 \ 065 MM o, sOS 14, 4f>5 3, 163 13.409 3, 124 15,701 | ! 3,192 15, 066 13, 181 15. 849 15.746 15, 655 15,914 16.657 15,643 15.127 16, Wl 3,132 3. 105 3 102 3, 219 3 156 3 203 3, 076 3, 009 3,095 3, 006 'J, 7,"r> X , W <> : 5, 31) .'<.'! r I.Vil 4, tiri) 5,4".) i.. J ' ",731 7, n-0 i 2, 'M s, 5S > 1 2.^27 .,, 1" S ")C9 ' Wl 11,520 11, 7(-9 i . J. I ' M L 471 2.477 1 —". 5 11 1 120 s 9i 2 ,">iti 4«.%,» , '!'»') 41 ' , ' / 4(.'5 2,480 2. Un I'J " 20. ; S.45 ,\ i.'i 4 7.>7 '' > 2 4' ] ' ; I 1 ' u7^> i 11, 791 I 12,034 i 12,022 4, 80s 4 UVi , 12,390 i 4, ST> i 1 '\ 176 4,955 "«'*•> 3 {SO 2, 4 V 10, 7"\> ), M7 1f ! J '.."1 1. 343 321 ! 322 1 I 328 ! 150 / 123 n , 12 J 146.'-! 1?S 5 231 4 ' 1 •>. b r. i 117. 7 :<is.5 i Series on 101 cities resumed, superceding data on 91 ciucs. 4. M ( ! 4, "')! 5, 47^ 5, 64,1 1 5, 'W, ") 1 r\ 5 ui4t \ "/T7 5. t: 1 5 \. 3 . 2 4, t')5«S .">, 217 " j~1 ( r. oi ^ Iti2 l'KJ 1 i 5.JT 1- 1 2, «, 1 ' 7 872 1, lvj <> "-) (A 1 7 ( 4 03 x ° 7 ~>t 2 ( 7 , 7 * 1 bh 1 45 i)~t is' 04 81 70 «"v, J7<> r," ' 1 . <) 5 *>, 12^ *, 119 1. H1( i -.. i ; } 1..D7 69 2 92 r 7 ' 1 r, 142 5. 147 5. 1S1 5 1"^ 5, 15fJ 5, 1S7 5, 16! 5. 152 5, 179 5, !fil 1. 2( • 1 i , ? * v "• P9 7 67 Q 63 9 67.5 73 1 76.0 79.4 83.3 85.0 86.1 9 . 3 - ' 9 2 ,.« ' 93 35 •0 or. 91 79 1UJ 0 9 92 9^ ' 89 S"0 92 S! 86 395 93. 94 ? 58,083 94. 12 ' 134,127 93.07 | 151,537 92. 65 177,139 92.85 ! 145,514 1 )•> 5, 477 5. 507 5 52° 5, ."50 5, 576 5,651 ."», 704 1 1. '04 1 i'l'3 l,2-''O i lor 1,205 1,189 1,191 1,192 1 MM 1 i Average Interest rates, divicomdend mercial per paper share (4-6 (800 months) companies) t Dol'ai , t Percer t ) l 2-4 1 . Vi 2l< • 1 121 ^ » \ 27 " 1 ', I * 28 3 «l i 29 1 2^ •^4 i 0 7 , »•-}( 140. ^ J J > Net exports indicated by ( - ) . 4 1.29 1. 30 1.33 1.34 1.3.5 34 SURVEY OF CURRENT BUSINESS December 1935 Foreign Trade during October expanded more than exIMPORTSThis situation has prevailed throughout ports. the current year, during which the value of imports has increased 23 percent while exports are up 1 percent. With practically no change in the average price of either exports or imports, the value change has represented the actual variation in the volume of merchandise shipped and received. Compared with the usual seasonal advance of 7 percent, October imports increased 17 percent over those of September while exports, which usually increase 16 percent, were up 12 percent. The increase over October 1934 in the value of imports and exports was 46 percent and 7 percent, respectively. For the third successive month foreign trade in October was greater in value than in the corresponding period of 1931. Up to August of this year both exports and imports had exceeded in value the corresponding totals for comparable periods of the 3 preceding years but had remained below the values of 1931. In terms of quantity, imports in the first 10 months of 1935 were 8 percent larger than in the same period of 1931. October 1935 exports closely approached the 1931 volume, but for the 10-montli period they were at least 15 percent smaller than in 1931, About one-third of the increase in the value of imports in the first 10 months of the year in comparison with 1934 was due to larger purchases of meat products, butter, grain, feed, tallow, vegetable oils, and oil seeds. The other two-thirds represented larger purchases of tropical fruits, industrial raw materials, and manufactured articles. Imports of foodstufFs, as a class, increased 31 percent in value, while crude and semimanufactured products and finished manufactures showed increases of 25 percent and 16 percent, respectively. Although export trade in the first 10 months of 1935 was only slightly larger than in 1934, there was a marked improvement, in exports of a wide variety of manufactured articles. In the aggregate, however, these gains were offset by a further decline in agricultural exports. The increases embraced not only automobiles, industrial machinery, and electrical apparatus, but also such diversified products as leather, leather manufactures, silk manufactures, miscellaneous manufactures of textiles, paper manufactures, glass and glass products, advanced manufactures of iron and steel, chemicals and related products, photographic goods, and scientific instruments. Nonagriciiltural products exported, valued at $1,224,000,000 in the first 10 months of 1935, represented 70 percent of our total exports in that period, an unusually high proportion. With the exception of vegetables and fruits, all principal agricultural exports dropped to lower levels in the first 10 months of 1935 than in the same period of 1934. The decline in quantity of unmanufactured cotton, meats, and lard was 17 percent, 37 percent, and 80 percent, respectively. Exports of fruits and nuts were larger in value in October 1935 than in any month since October 1931. EXPORTS AND IMPORTS Indexes Year and month 1929: October 1930: October .. 1931: October 1932: October 1933: October 1934: October...._ November., December 1935: January... February... March April May....... June ...__,_. July August September October Cumulative, January through October: 1933: 1934 1835 Exports of United States merchandise ExValue Value ports, of inof total total cludeximing ports, ports, reexadadports justed i justed i Monthly average, 1923-25=100 114 119 71 75 44 51 33 32 42 46 Crude materials Total Total Raw cotton Imports * Finished manufactures Food- Semlanstuffs, mfactotal il tures AutomoMa- biles, chin- parts, and ery accessories Total Total FinCrude Food- Semi- ished ma- stuffs man- manufac- ufacterials tures tures Millions of dollars 528.5 326.9 204.9 153.1 193.1 522. 4 322.7 201.4 151.0 190.8 174.3 104.8 63.6 60.5 81.8 128.9 64.8 39.8 40.0 54.2 71.8 47.2 39.3 25.2 23.5 64.6 38.0 21.2 16.9 24.4 211. 7 132.7 77.3 48.4 61.1 53.1 30.7 20.1 11.6 13.5 32.7 14.6 8.6 5.0 8.6 391.1 247.4 168.7 105.5 150.9 126.5 77.5 52.4 27.2 46.9 82.3 56.0 36.8 33.5 34.8 82.3 45.6 29.0 16.7 33.2 100.0 68.3 50.5 28.1 36.0 45 45 42 47 41 206. 4 194 7 170.7 203 5 192.2 168.4 82 9 71.8 54.5 43 4 39 2 35.0 21.8 18.3 15. 7 28.8 30.4 30.3 70.1 71 7 67.9 18.7 20 6 19,1 12.4 11.0 12.4 138.0 149.5 126.2 35.2 40.1 28.8 46.9 47.8 47.7 26.1 27.4 21.1 29.8 34.1 28.6 45 47 48 45 46 50 52 49 50 48 51 48 49 49 52 51 60 54 53 58 176.2 163. 0 185 0 164 4 165.5 170.2 173.4 172.2 198. 2 221.2 173.6 160 3 182 0 160.7 159.8 167.2 168.0 169.8 195.5 218.1 55. 8 45.0 40.5 38.2 36.9 40.6 38 3 40.9 68.7 82.6 32.2 27.1 21.8 21.8 19.4 23.4 19. 2 16.6 31.8 45.9 16.3 16.3 16.2 12 9 15.4 15.5 15 3 15.6 22.4 23.7 27.2 25.5 30.8 26.2 26.4 28.9 28 1 31.0 29.3 30.3 74.3 73.6 94.5 83.4 81.0 82.2 8« 2 82.2 75.2 81.5 18.2 18.8 23.7 22.8 22.2 20.6 23 3 23.9 20.5 23.5 17.2 20.5 25.0 22.0 18.6 20.1 19 4 15.7 13.3 14.1 168. 6 152 3 175 4 166. 2 166.8 155.3 174 2 180.4 168. 7 189.1 43.1 45.2 50.4 45.9 44.4 43.7 53 0 502 49.8 55.4 65.8 51. 7 59.3 56.1 55.0 49.4 5R 5 63.6 44.4 51.7 29.6 29.0 35.2 30.7 33.6 31.7 32 1 31.3 38.4 38.6 30.1 26.3 30.5 33.4 33.9 30 4 32.5 35.4 36.0 44.0 3 37 1, 298.1 3 42 1, 767. 4 3 53 1,789.2 1, 276.1 1, 739. 5 1,755.0 446.2 526.4 487.5 305.1 298.5 259.1 154. 6 192. 8 169.5 184. 3 281.1 283.8 491.0 739.2 814.2 100.7 178.6 217.4 74.0 166.8 185.9 1,187. 5 1,360. 3 1,697.6 344. 7 391.7 481.2 344.2 422.3 553.6 236.9 258.8 330.2 261.7 287.5 332.6 39 i 3 34 3 46 3 47 for seasonal variations. Adjusted http://fraser.stlouisfed.org/0 — 3 5 3147 2 Federal Reserve Bank of St. Louis 1 General imports through December 1933; imports for consumption in 1934 and 1935. * Monthly average of unadjusted indexes. 10 SURVEY OF CURRENT BUSINESS December 1935 Real Estate and Construction T HE most constructive feature of the industry is the gradual expansion in residential building. The volume of new work undertaken in this field has gradually expanded, and during the final 6 months of the year the value of contracts awarded will be considerably more than twice as large as in the final 6 months of 1934. For the full year, the F. W. Dodge Corporation has estimated the total at approximately $470,000,000; in 1934 when the value of contracts let for residential work was the lowest in many years, the awards amounted to $249,000,000. Reduced to a relative basis, for easier comparison, the index of residential contracts which had declined to 12 percent of the 1923-25 average in 1934 has recovered by the final quarter of the current year to about one-fourth of the average in the base period. The three years, 1923 to 1925, covered a period of active residential construction to meet the needs resulting from the accumulated shortage arising from the war; however, the current rate of activity represents only one-third of the average volume of the past 15 years. A similar large backlog of residential work has resulted from the current depression, during which the amount of new space provided has been very limited. With the major factors governing the initiation of such construction more favorable than at any time in recent years, a reversal of the downward trend has set in and has gradually gained momentum. This has resulted mainly from the general increase in purchasing power, the rising tendency in rents, the decline in vacancies, and, what is of particular importance, the flow of investment funds into the industry. This renewed flow of capital followed the clearing of the mortgage situation and the setting up of lending standards by the Government. In connection with the deficit in new space created during recent years, it is of interest to note that dwelling units are being built at a rate of about 80,000 a year in the cities of over 10,000 population from which the Bureau of Labor Statistics obtains monthly reports. In cities of the size covered, it has been estimated that approximately 350,000 new dwelling units per year is the necessary minimum to provide for the increase in population and families, and the normal depreciation of this type of property. While private activity in the residential field has been expanding, the volume of public construction has been maintained at a relatively high level. For the 10 months of 1935, the total of public works contracts was less than in 1934, but if the rate of increase of recent months continues in November and December the year's total will be higher than last year's. Privately financed contracts were considerably higher. While the construction contract totals for the year show only a modest improvement, the varying nature of the construction, and the fact that actual building operations this year as evidenced by the employment data are well above last year's level, have resulted in a considerable improvement in the sales and operating statements of building material manufacturers. BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE Building-material shipments Construction contracts awarded F. a. B. Fear and month index, adJusted i Monthly average, 1923-25 = 100 1929: October 1930: October 1931: October 1932: October 1933: October 1934: October November. December 1935: January February.. March April May___. June iof 78 55 29 AH types of construction Residential building Millions of dollars Millions of Milsquare lions of dollars feet T5T097" 12,158 8,701 6,483 7,476 446 337 242 107 145 2878" ~13777~ 22.3 104.7 15.2 60.5 6.0 21.9 6.9 21.5 10,012 7, 503 135 112 93 7.0 5.3 4.0 6, 458 6,135 8,929 10,570 10, 499 10, 450 10.030 10, 655 9,978 11,386 100 75 123 124 127 148 150 ir>9 167 201 5.5 4.6 8.8 11.9 13.1 13.7 13 1 11.8 12.2 16.8 Number of projects Public works Maple flooring Oak I r Home Loan R e a l Bank, estate loans foreoutclostand- sures ing 92,215 19,275 6,635 9,125 0 0 73,110 17,752 16,060 8,439 5,674 3, 104 179, 453 156, 599 147,807 200.9 201.4 201.9 0 0 0 87. 446 87,714 87, 258 18, 723 16, 940 17, 736 8,676 9, 015 14, 606 14, 438 18,306 17,732 5 114 15, 374 5, 037 17, 864 4,035 17,402 4,891 2,846 2,952 4,878 6,198 7,428 7, m-2 7. si?. 8, 105 7,799 8,794 145, 639 155, 448 170, 756 187, 675 191,522 185, 0-44 170. «4« 149,047 126,211 102,246 198.7 196. 0 194.3 194.5 194.1 194.8 195. 2 195.1 195.1 195.1 0 0 0 568 325 0 0 0 0 0 82, 585 77,142 72, 616 74,011 75,836 79,2:3 80. s-7 86,025 90,432 95,595 18,055 15,455 17.943 17,441 17,441 17, 249 15, 835 14. 964 14,470 14,398 2,683 3, 986 4,137 5,589 6,714 6,445 237,609 158,443 166. 0 197.4 195.3 40, 582 88, 701 81,435 16,981 15, 872 16,325 Thousands of feet, board measure 17.2 45.8 40.4 8.3 7.0 70.6 67.4 42.6 50.2 85.7 6,087 32,987 2,886 20,649 2, 703 18,203 2,031 10, 657 3, 236 8,624 18,695 15, 599 12,360 8,743 6,750 26.3 19.9 14.6 12.6 8.5 12.9 52.6 43.8 37.2 3, 408 10, 095 9, 533 3,005 2, 668 6,964 22.4 16.6 32.2 42.2 44.9 49. 8 48 4 40.5 41.8 55.1 3.9 6.5 7.3 5.4 9.1 18. 8 4.4 12.5 11.2 35.7 23.9 39.8 33.2 26.0 30. 0 40 1 65.1 63.7 75.1 3.302 2,812 2,929 4,148 4,410 4,692 6.2 10.5 8.3 29.6 54.4 43.3 1 Construc- Longterm i tion real- | costs, Eng. estate i News- bonds Rec- issued 3 ord » Month ly average, 1913 = 100 206. 3 198.7 169.8 159.2 187.7 Millions of dollars __ August September October Monthly average, January through October: 7,131 20.2 6.0 1933 134 5.5 21.4 7,926 1934 11.1 39.4 139 9,599 1935 1 Based on 3-month moving average and adjusted for seasonal variations. Public utilities Highway under construction (National Industrial Recovery Act) 10,449 9,007 Thousands of barrels Thousands of dollars Index is as of 1st of m o n t h , November 1, 1935, 194.9. Thousands of dollars Number 3 Publicly offered. U SURVEY OF CURRENT BUSINESS December 1935 Transportation T HE volume of freight traffic, which increased steadily from July to October, has during the current month undergone a seasonal contraction. Loadings increased 22 percent during the period above mentioned as against the gain of 12 percent indicated by the factors used by the Federal Reserve Board in correcting its index for seasonal variation. The October figure, at 64 on the basis of 1923-25 as 100, was only one point below the year's high reached last winter. The heavier movement of coal, coke, livestock, and "miscellaneous" freight was important in the fall increase in traffic. For each of these classes the expansion exceeded the estimated seasonal rise. The percentage gain in traffic, in comparison with a year ago, widened during the fall period and in recent weeks the gain has averaged about 12 percent. It was not until the week ended October 19 that the cumulative total for the year to date exceeded the corresponding total in 1934. The rising volume of miscellaneous freight has accompanied the extraseasonal expansion in industrial activity and the heavier movement of merchandise to retailers. The shipment of freight to and from the automobile manufacturing centers has been an important influence. For the year to date, miscellaneous freight loaded has exceeded the total in the corresponding period of 1934 by 5 percent. October was the second month this year in which the class I railroads were able to report a profit. In September the carriers reported a profit of $13,543,000, after taxes and charges. This reduced the cumulative deficit for the year to $66,672,000. The latter figure was about double the loss reported in the first three quarters of 1934, when the total was $33,904,000. While the improved trend of earnings has probably influenced the placement of some of the recent equipment orders released by individual roads, no broad buying movement has been initiated. Purchases by the carriers this year of both rails and equipment have been considerably lower than in 1934, when substantial commitments were financed by loans advanced by the Government. According to the Railway Age compilations, per-mile expenditures of class I railroads for materials and supplies in 1934 were less than half of the amount expended in 1929, notwithstanding the Government aid. Expenditures for rolling stock declined relatively more rapidly during the period from 1929 to 1934 than did total expenditures. The number of units of rolling stock installed in the first 10 months of this year by the class I railroads was below the total in 1934, although a larger number of locomotives were placed in service. The latter were mainly electric units, orders for which were placed in the preceding year. The number of new freight cars installed was 4,792, a large drop from the 21,671 new cars placed in service in 1934. The railroads had about twice the number of cars (6,433) on order on November 1 as a year earlier. The number of locomotives on order was 34, or a third of the unfilled orders a year earlier. RAIL AND WATER TRAFFIC Freight-car loadings Year and month 1929: O c t o b e r . . 1930: O c t o b e r . . 1931: October. _ 1932: O c t o b e r . . 1933: O c t o b e r . . 1934: October November. December.. 1935: January February-. March. April May June July August September.. October Monthly average, January through October: 1933. 1934.. 1935 F, R. B. index AdUnadjusted' justed Monthly average, 1923-25= 100 104 118 97 SO 78 69 65 57 06 58 Total Coal Thousands of dollars Canal traffic Operat- Net railing rev- way operating enues j income Thousands For- Grain MerMisand Live- chanest Coke prod- prod- stock dise, Ore cellaneous ucts ucts 1. c. i. Freightcar surplus Thousands of cars 4 1,169.9 I 204.0 945.0 I 176.2 758.9 146.3 633.5 136. 6 658.1 126.8 Financial statistics, class I railroads Pullman passengers carried Thousands of short tons Thous. of long tons 63.6 | 46.4 j 37.3 I 271.5 32.8 j 240.4 38.8 I 41.1 29.4 215.4 5.7 24.2 33.5 23.7 178.0 18.8 29.9 23.2 173.0 24.8 12.2 8.9 5.5 4.9 6.8 60.0 36.9 18.9 6.5 29.9 474.8 369.9 280.8 231.5 243.8 124 403 535 545 385 2,721 2,278 1,674 1,158 1,256 602, 395 478, 031 359, 037 295, 175 294, 352 151, 087 110,923 63,100 62, 784 57, 366 11,213 9,094 6,248 3,924 7,154 491 608 505 554 693 1,133 930 723 1,082 17344 64 60 56 57 59 64 633. 7 588.3 518.4 121.2 123. 6 122.9 5.4 5.4 6.0 22.4 21.2 18.3 31.5 27.8 25. 1 28.6 22.5 16.3 163. 1 160.1 144. 2 17. 1 6.5 244. 4 221. 3 182.5 328 381 392 1, 265 1, 131 1,371 292,910 256.967 257, 506 49,336 31,583 38, 738 5,006 2,627 299 726 559 0 1,029 1, 015 885 58 61 62 59 61 63 60 64 70 73 64 65 05 61 61 63 58 60 62 64 542. 6 581.4 602. 9 575. 8 581.8 607. 0 557.2 620.4 657.9 720.5 137. 6 143.4 136. 6 94.7 98.4 124. 2 79.6 i 98.3 111.4 135.9 7.8 8.6 6.7 5.7 5.8 6.0 4.7 5.3 6.5 7.6 18.7 25.1 25.2 25.4 25.0 26. 3 26.4 30.3 30.9 31.6 24.0 25.6 26. 9 26.9 25.6 25.4 30.0 42.2 40.6 37.0 14.5 12.4 11.6 12.9 12.9 10. 2 9.9 12.9 17.4 21.6 144. 1 152.2 160.8 161. 1 159. 8 153.5 150. 2 159.6 160. 3 166.9 2.7 3.2 3.7 8.6 25.6 31.8 32.8 34.1 33.8 32.4 193. 2 210.9 231.4 240.2 228.6 229. 6 223.6 237. 8 257. 1 287.5 342 320 300 310 305 272 296 245 229 208 1,398 1,204 1, 219 1. 193 1. 146 1, 309 1,286 1,425 1,364 264, 213 254.940 280, 899 274, 652 279, 549 287. 330 275. 349 294,018 306, 960 341,018 21, 349 25, 720 37, 851 34, 626 39, 505 34, 025 26, 851 42, 074 57, 359 75,425 C 0 0 888 5,985 7, 058 7, 503 7, 731 7,148 7,454 0 0 0 329 554 482 619 576 574 860 825 708 961 811 938 862 715 848 907 563.7 602.3 605.1 107.1 116.7 116.3 5.5 6.6 6.4 21.3 22.6 26.6 32.7 32.8 30.5 17.0 21.0 13.5 163. 6 16. 2 200. 5 160.1 17.5 225.0 156.9 | 21.1 233.9 259, 251 275, 708 285,293 39,888 39, 392 39,479 5,302 5,617 6,252 * 487 » 512 * 548 • 769 "957 1 Daily average basis. * Average weekly basis. s 9 Adjusted for seasonal variations. 9 months' average. 521 358 283 gl.119 1,260 g1,283 8 American vessels, both directions. * Average, April-October. «842 12 SURVEY OF CURRENT BUSINESS December 1935 Automobiles and Rubber in centers has ACTIVITYduringautomobile and Novemberincreased rapidly October as the industry accelerated production of 1936 models. De- consumers to alter their purchasing habits in order to move a larger volume of cars during the same period. The November automobile shows were accompanied lays experienced in inaugurating new model series by favorable weather, and orders taken for immediin recent years were generally absent, with the result ate delivery were in large volume. One of the leadingthat weekly output has climbed from an estimated manufacturers announced that retail sales during the low of 13,000 in September to the 95,000 mark in a first 10 days of November were more than double period of about 2 months. Production during October the sales in any similar period following the introducwas larger than indicated by the preliminary estimates; tion of new models. With weekly production at a for the United States, factory sales of cars and trucks level not far below the spring peak of 1935, orders were amounted to 275,000 vehicles, the largest output for being filled rapidly during November. The dollar the month since 1929. On the basis of the weekly volume of sales for the month will be much higher figures, it is estimated that this total will be exceeded than in October when the new cars of many manufacby at least 75,000 cars and trucks during the current turers were not available for delivery. The estimated month. value of new passenger car sales in October was apThe recent rate of production has caused an upward proximately the same as in September, and 8 percent revision of the estimates of the probable output for higher than in October 1934. Expansion in the automobile industry has been acthe year 1935. United States production during the first 10 months amounted to 3,204,000 units; the companied by increasing activity in allied industries total for the 12 months will approach the 4,000,000 and by a sharp rise in employment and pay rolls in mark, a figure which has been exceeded in only 5 the motor centers. In Detroit, for example, factory employment has increased about 50 percent in a period years, 1923, 1925, 1926, 1928, and 1929. The total for the current year will be influenced by of 2 months and is currently not far below the seasonal the general introduction of two new models in one peak of last spring. The rubber industry has increased its operations to year. The purpose behind this early introduction of new models is the regularization of employment and take care of the demand for original equipment tires. production by building up stocks of cars and parts This demand was the principal factor in the large induring the winter months, and the encouragement of crease in crude rubber consumption during October. L AUTOMOBILE AND RUBBER STATISTICS Automobile exports Automobile production Canada United States Year and month F.RJB. index, adjusted' Month ly av , 192325=100 1929: 1930: 1931: 1932: 1933: 1934: October., October October October October.- October November December 1935: January February... ._ March.. April May.......... June July August September October Monthly average, January through October: 1933.... ... 1934 . . 1935... Total Passenger Trucks cars* Total New passengercar sales Registrations New New Passencomger Trucks passen- mercial ger cars cars cars UnadAdjusted justed Production Monthly average, 1929-31=100 Number Thousands Pneumatic tires' Crude rubber DoDomestic World mestic conImstocks, ship- sump- ports end of ments tion, month total Thousands Long tons 123 49 26 16 45 380 154 80 49 135 319 114 58 35 105 60, 687 40, 593 21, 727 13,595 29,813 14, 523 4,541 1,440 2,923 3,682 19,931 7,136 3,207 1,733 5, 906 11,512 4,079 4,500 2, 549 5,567 288,782 150, 219 102, 659 63,195 136,075 49, 870 34, 205 24, 695 15,157 28,058 120.0 62.6 38.5 22.3 42.7 141.0 76.0 46.5 28.0 53.5 3,689 2, 866 2,379 2,055 2,743 3,520 2,613 2,185 1,385 1,943 31,320 25,089 20,495 19,337 27,758 38,454 46, 375 41, 398 35,806 46,034 319, 766 475,964 588,873 609, 368 636,597 41 40 88 132 83 154 84 49 111 47,988 34, 462 42, 563 3, 7S0 1. 697 2,694 8,040 9, 208 8,279 7,512 7,072 7,141 140 937 107, 648 75, 514 40, 878 28, 689 24,125 47.3 39.2 27.7 59.0 63.0 49.0 3,188 3. 241 3,665 2.834 3,026 2,921 28, 526 29, 240 31, 358 37, 212 32.996 18,171 680,616 684,408 705,975 104 103 106 110 86 100 95 64 50 80 293 336 430 478 365 361 337 240 90 275 229 276 362 402 308 297 276 182 57 215 63.584 60, 077 68, 018 76.118 57, 205 64.712 60, 960 57, 662 32, 520 60,412 10. 607 18.114 21. 975 24, 121 20, 765 15.745 13069 7, 692 5,323 8,313 11,035 15,067 | 20, 986 18,341 13,604 16,517 14. 752 10. 076 5,622 7,471 6.591 6, 760 8.820 8. 092 6, 291 9, 753 10. 274 9.9Q7 7,081 7,109 136, 635 170. 615 261,477 319,652 293,201 280, 360 285, !84 233. 851 157,098 148,389 34, 759 34. 797 41,511 46, 785 47, 968 48, 243 51. 243 50, 355 43, 234 43,243 51.5 72.7 100.2 116.7 98.4 104.9 89. i 80.2 50.1 51.2 75.0 86.5 94.5 78.5 70.0 78.5 81.0 71.5 51.0 64.0 4,488 4,251 4,215 4,376 4,050 3. 7<W 3.426 3. 234 3,067 3,469 3,112 4,000 4,908 3,850 4. 061 5.212 3. 783 2,621 42,864 38.868 38.997 40, 913 37,827 33, 327 33. 109 36, 000 34,000 38,192 40, 523 47,844 46, 640 41, 456 30, 705 32,182 48.131 41,483 35, 707 36,378 698,153 686,195 678,809 677,006 677, 569 671,525 679.061 6 0.644 661, 509 655,000 178 252 321 148 202 260 29, 845 49,817 60,127 6.037 11,216 14,572 5, 792 12, 77G 13,347 3,388 7,856 8,077 134,103 170, 563 22-5,646 21,161 35,115 jl 44,214 ii 30,227 34,832 37,410 33,633 40, 701 40,105 626,419 673,836 676,547 i 1 Adjusted for seasonal variations J Covers varying percentage of industry. See note on p. 55. 46.9 62.4 81.5 . | s 3 , 1 7 8 8 3,115 ! g 3, 969 Is 3, 930 i 3,878 | g 3,891 * Includes taxicabs. See footnote on p. 59. ) months' average 13 SURVEY OF CURRENT BUSINESS December 1935 Forest Products T HE tendency for recovery to extend this year in a greater degree to the so-called "consumers' durable goods industries " is illustrated by the improvement in furniture production. Like others manufacturing products which are not of immediate necessity to most users, this industry experienced a very severe curtailment of its market during the depression, at the same time that falling prices made it difficult to market the restricted volume at a profit. Production expanded rapidly, after reaching a low in the spring of 1933, when operations in all districts dropped to 18 percent of capacity, according to sample data. At the seasonal peak of 1933 the industry was operating at 59 percent of capacity, a rate which was in effect in only one month before a sharp decline set in. In 1934, production failed to expand further, but during the current year there has been a sustained rise with the operating rate this fall up to about two-thirds of capacity, the best level of operations since 1930. Despite a production rate 50 percent in excess of that of a year ago, the industry has on hand orders equivalent to 27 days' output at the current rate of production. A year ago, the unfilled orders were equivalent to only 11 days' production. These operating ratios explain the improved tone of the furniture market and coupled with the possibility of rising costs, explain the reported reluctance of manufacturers to contract ahead for deliveries beyond the middle of January. Prices have shown a rising tendency, with quotations generally being advanced 5 percent in the New York market this month. With firmer prices and more difficulty experienced in getting prompt deliveries, retailers are disposed to order ahead more freely. This rise in furniture production has meant a larger demand for lumber. More lumber has also gone into other manufacturing industries this year, notably in the production of agricultural implements which has increased very sharply. Similarly, the stead}7 expansion in residential building which is commented upon elsewhere, has resulted in a broadened demand for lumber. Lumber production of identical mills moved higher from July to October, but has tended to decline in recent weeks. New orders, after recovering in July from the slump occasioned by the strike on the Pacific coast, have generally moved in a horizontal direction in the past 4 months. Since the middle of the year, production has been in excess of shipments, resulting in an increase in mill stocks; in the first half of the year such stocks were very materially curtailed. The special lumber survey committee in its report to the Department of Commerce again stresses the importance of balancing production with consumption. While the committee did not recommend a general reduction in stocks, it suggested that current production be limited to current disposals. FOREST PRODUCTS STATISTICS Car loadings i Lumber production Cali- Tear a n d m o n t h South- fornia ern Totals Dougredlas fir pine wood Millions of feel , board measure 1U29: October 1930: October1Q31: October 1932: October 1933: October 1934: October November December „___ 1935: January. . „ February -March April „ M av June July August September Optobe** Monthly average, January through Ooiobor: 1935. FurniAdture, justed 3 adjusted • 84 52 33 25 32 102 96 79 28 26 i 21 ; 30 30 32 100 102 103 107 107 110 131 137 125 149 20 23 23 25 26 26 28 34 34 38 31 35 33 33 33 /242 r,7i 111 144 145 158 69 66 105 170 205 311 39 ; 40 12 ' 4? . - — 1,385 138 124 138 105 108 117 13 24 28 ; 29 32 37 211 117 113 104 1,226 1, 036 896 129 123 103 1.039 1,072 I 144 L, 268 ,239 , 733 ,664 * Of forest products. > See note on p. 54. Turpentine and rosin, unadjusted 3." 1 113. 8 _. Newsprint Paper production 3 Pay rolls Unadjusted TurFurni- pentine ture and rosin Book paper, Newsunprint coated Total Monthly average, 1923-25 = 100 37 35 16 11 22 312 208 150 113 132 Employment Paper board Wrapping paper Consumption by publishers Short tons i 122, 009 105 450 97, 353 76, 521 82, 052 228, 416 103.9 ! 131.2 80 6 59. 5 ! 37.9 55. 0 61.2 60.7 62.9 89.3 92.4 92.9 47.2 44.5 45.9 45.1 47 9 50,2 762,609 658,166 618, 522 87,394 79,936 74,427 80, 562 74,851 79, 777 263, 679 227,733 199,940 151,019 126, 441 120, 246 168, 372 172, 287 165,496 66.4 67.6 70.3 71.1 70.5 69. 6 72. 4 73. 3 73. 9 71.7 95.6 96.3 99.7 99.2 99. 0 98. 9 98. 9 99. 1 100.5 100.3 43.5 47.1 49.7 49.2 47.1 48.5 48. -I 56. 0 60. 2 63.0 52.7 54.2 52.3 57.9 57. 3 59. 9 57. 5 59.3 59.3 64. 6 762, 993 706, 851 754,934 732, 493 778, 059 713,999 694, 705 806, 561 88,878 86, 989 96,411 96,852 93, 358 82, 098 86,121 88, 201 87,911 95,894 80, 298 70, 579 73, 303 74, 651 84,141 77, 010 72, 797 75,160 71,416 79,746 262,026 251,870 275, 770 260, 851 262, 463 256,065 260, 207 291,127 289, 596 345,596 147,698 135,078 139,857 132, 986 148.984 132,181 121,304 160,510 133,273 157, 870 169,816 171,139 166,122 201 970 161,884 153,811 148,142 160, 558 179,821 {)?'. 6 79.4 98. 1 98.8 35.1 41.3 51.3 34. 2 50. 3 57.5 77 791 80, 257 75, 895 252 940 234,582 275, 617 80 2 68.8 54. 6 72.2 70.0 ""mo" j | I "Ti.YI ! 32.6 ! 48.3 * Adjusted for seasonal variations. i i 207, 2IS 183, 388 173,852 144,993 152, 098 * See footnote on p. 48. 133, 756 157, 558 167,113 14 SURVEY OF CURRENT BUSINESS December 1935 Iron and Steel T HE gradual expansion of operations in the iron and steel industry, under way since the middle of the year, has continued during November. Steel-ingot production in the first 3 weeks of the month has been at a slightly higher rate than in October, when output was the equivalent of 52.13 percent of rated capacity. Daily average production in November will be the highest for this month since 1929, although it will fall short of the production in November of that year by possibly 12 or 13 percent. Demand for pig iron has been strong and the scrap market also has firmed following the weakness that development early in October. While prices of pig iron and numerous semifinished steel products have been advanced, prices of finished steel for first quarter delivery are generally unchanged. Shipments of finished products are going forward to consumers at a rate equal to the output, according to available data. For example, the report of independent sheet manufacturers for the month of October indicates that production and shipments were closely in line for the month, and that new orders were somewhat above the volume of shipments. The leading steel corporation reported that the daily average shipments of finished steel for October were 3 percent higher than in September. This change was in accord with the variation in the estimated rate of ingot production for the corporation. The report of the American Iron and Steel Institute, showing the distribution of products manufactured for sale during the third quarter, reveals no major shifts in the consumption of individual types of steel during this period as compared with the first half of the year. Heavy structural shapes contributed a slightly higher proportion of the total in the third quarter, and the same was true of plates, merchant bars, wire rods and wire, tin plate, and pipes and tubes. The other major items—sheets, strip, and steel rails—were produced in a slightly smaller ratio to the total than in the first 6 months of the year. Production of rails represented only 2 percent of the tonnage produced for sale in the third quarter, and 2.7 percent in the first three quarters of the year. The principal increase in production of finished steel this year, in comparison with 1934, has been in those lines allied with the automobile industry and the lighter manufacturing industries generally. The increase in production of sheets amounted to 31 percent, merchant bars 25 percent, steel strip 26 percent, wire and related products 22 percent, pipes and tubes 10 percent, tin plate 9 percent, and heavy structural shapes 5 percent. Output of standard rails dropped 47 percent, this change being influenced by the heavy purchases financed by the Public Works Administration in 1934. The total amount of steel of all kinds produced for sale during the first three quarters of the year, by companies formerly operating under the Steel Code, was 14 percent larger than in 1934. This percentage will be higher for the full }^ear in view of the extent of improvement which has occurred during the current quarter. IRON AND STEEL STATISTICS General operations Year and month EmPay Produc- ployEx- Imrolls, tion, ment, unad- ports ports adadjusted i justed' justed Monthly average, 1923-25= 100 1929: 1930: 1931: 1932: 1933: 1934: 1935: October October October. October October. October. November December _. .... _. January February March April... May . June July... August September. October Monthly average, January through October: 1933 _ 1934.... 1935 Steel ingots Pig iron Production Thousands of long tons Furnaces in blast Number 126 76 45 31 60 103.7 81.8 63.6 50.8 69.4 110.5 76.4 44.2 27.2 47.6 248 132 59 41 165 63 38 29 34 47 3,588 2,165 1,173 645 1,356 203 111 70 49 79 41 49 65 65.6 66.4 67.7 42.8 44.2 47.6 220 299 283 20 35 20 951 957 1,028 65 59 80 80 72 67 66 66 69 81 84 87 69.4 70.6 70.8 71. 1 71.5 71.7 72.4 73.4 74.1 75.8 51.9 59.0 59.3 59.4 58.5 55. * 52.8 59.6 62.7 65.5 263 229 323 205 2*7 290 297 247 244 238 23 29 21 29 48 33 32 31 53 60 1,477 1,609 1,770 1,663 1,727 1, 553 1,520 1,761 1,776 1,978 54 60 75 56.8 69.4 72.1 34.7 49.6 58.5 100 225 35 26 $6 1,094 1,393 1,683 « Adjusted for seasonal variations. Iron and steel 97 97 91 95 99 104 116 Production Percent of capacity Thousands of long tons "4,534 2,693 1,590 1,087 2,085 j Steel *heets United Prices States Steel CorpoSteel ration, Iron billets, Steel New Ship- finished and Besse- scrap steel, prodormer com- (Pitts- (Chiucts, ders ments ship- posite 3 burgh) cago) ments Thousands of short tons Long tons Dollars per long ton Finished steel, composite Dollars per 100 pounds 259 159 117 95 79 291 194 129 92 175 784,648 476,032 310,007 572,897 35.85 32. 35 30.30 28.90 30.53 35.00 31.00 29.00 26.00 26.00 14.30 11.38 8.00 6.00 9.33 2.51 2.22 2.18 2.16 2.26 1, 482 1,611 1,964 103 133 193 95 109 142 343,962 366,119 418, 630 32.10 32.15 32. 39 27.00 27.00 27.00 8.75 9.25 10.31 2.44 2.44 2.44 2,872 2,778 2,868 2. 641 2,636 2. 231 2,270 2.919 2,830 3,116 322 183 193 168 150 129 206 207 196 206 201 233 202 187 161 152 181 177 221 534.055 583, 137 6*8. 056 591, 72S 5y8, 915 57 fi. 108 547,794 624. 497 614,933 688,741 32.58 32. 54 32.36 32. 29 32. 35 32. 42 32.44 32. 68 32.82 32.81 27.00 27.00 27. 00 27.00 27.00 27. 00 27.00 27.00 27.00 27.00 11.80 11.25 10.50 9.85 10.06 9.97 10.35 12.38 12.50 12.50 2.44 2.44 2.44 2.44 2.44 2.44 2.44 2.43 2.43 2.43 1,927 2,202 2,716 131 150 198 129 154 192 472, 996 514,112 602,796 28.93 32.12 32.53 26.00 27.12 27.00 7.91 10.21 11.12 2.14 2.42 2.44 * Black, blue, galvanized, and full finished. 3 See table on p. 19 of the January 1935 issue. 15 SUEVEY OF CURRENT BUSINESS December 1935 Textile Industries the rate of FEATUREDinby a sharp expansion in the various operations woolen mills, activity in 99 percent of the 1923-25 average, the adjusted index of cotton consumption was 17 points above the low branches of the textile industry in October added for the year reached in midsummer. According to further to the gains made in September. Cotton mills the weekly estimates, the relatively high rate of operaoperated at a more rapid pace; the recession in opera- tions in the cotton manufacturing industry continued tions at the rayon mills was somewhat less than is during the first half of November. Marking a new high since the data first became usual; and silk mill activity did not record any significant change. Prices of most fibers and fabrics available in 1921, daily average wool consumption in were higher in October and, with the exception of October was 21 percent above September and about raw silk and finished cotton goods, these gains were 133 percent above October 1934. During recent extended during the first half of November. In the months the performance of this industry has been middle of November, raw cotton sold above 12 cents outstanding. In common with most other industries, an extremely low rate of operations was recorded in a pound for the first time since July. The increased activity in the cotton and woolen 1932 and early in 1933. After some recovery in 1933, industries lifted the Federal Reserve Board's seasonally activity in the industry again tended downward during adjusted index for October 6 points to 112 percent of the first 9 months of 1934 to reach a new depression the 1923-25 average. Excepting June, July, and low in September of that year. The advance since August 1933, when the textile industries were operating that time to the present high level has experienced under very abnormal conditions, this is the highest only minor interruptions. The change in the industry level of production since late in 1929. In every during the past year if* shown on the accompanying month since December 1934, production has been table, which also presents data for other branches. After allowing for the usual seasonal changes, rayon above that of the corresponding month of the previous year, and for the first 10 months of the year averaged deliveries increased in October, reversing the movement of the two preceding months. Except for the higher than for any similar period since 1929. The gain in daily average cotton consumption from March-April period, deliveries of rayon in the first 10 September to October amounted to about 12 percent, months of this year have been well above the level of or approximately twice the usual seasonal gain. At 1934 which was a year of record sales volume. TEXTILE STATISTICS | Cotton, raw Year and month Wool Wool manufactures Cotton manufactures Wholesale ProSpinning Cotton doth, ducprice, spindles finishing Wholetion in- Mill woolen DelivSpinConsale dex, ad- con- dle acand price, sumpjusted sump- tivity, Plain worsted eries to mills cotton tion : Wool- Wor- Nartotal bleach- Print tion Wide goods sted goods goods ed Monthly average, 1923-25= 100 1929: Octobci 1930: Octobci 1931: Octobe 1932: Octobci 1933: Octoboi 1934: October November December 1935 January February March.. April. _. May June July Autnist September October Moutiily average, Janinry through October: 1933 1934 1935 Running bales Million^ of spindle hours 59, 352 40,975 42,990 42,423 51,037 78 53 53 73 68 72 62 49 73 65 66 44 39 43 41 86.7 75.0 64.6 56.5 84.5 126, 384 114,139 107,379 86.6 84 4 84.3 34,065 44,858 57,065 63 66 71 35 48 65 34 29 26 74.8 74.1 74.0 49,106 37. 548 40,941 145, 390 137, 335 148.710 144,429 130, 281 )YL 496 89,164 94, 521 93,013 110,885 120, 203 117,780 122, 548 104, 597 100, 265 70.381 61,842 77,913 86. 948 97,972 84.1 83.3 82.4 81.8 82 7 82. 5 82.0 82.5 83.2 84,6 58,370 51,616 65.006 62, 06P 70,617 80, 42* 66, 648 74, 781 80, 293 78,727 85 92 81 76 83 89 94 103 <7 ) 74 71 61 63 47, 443 41,732 44,347 39. 757 38, 361 33.728 44,166 41,715 45,156 47,937 127. 344 118,423 103, 490 96,045 67.9 87.1 m. 9 44,259 30. 403 68,855 87 97 523,032 480, 081 417,344 7,200 6,710 6,014 134,386 126, 726 128,898 550, 553 480, 339 482, 373 468,402 470,412 383,982 390, 712 408, 410 449,126 552,187 7,542 6, 567 6, 623 6. 055 0, 087 5, 102 5,155 5,545 6, 184 7,445 538, 783 452,171 463,650 7.471 6. 296 6,231 101 84 103 i Adjusted for seasonal variations. York) Percent Dollars of per active hours pound to total 40,765 38, 322 42,434 9,006 6, 243 6, 598 7,053 7,256 105 104 106 112 Whole- Deliveries sale Spin- price, from mills ning raw, spin- .lapan-i I n - Addles 3 esc,13 I ad- just15 (New just- ed* 57, 489 61, 937 56, 668 53,703 28,521 639,759 443, 284 461, 023 501, 893 504, 055 mo Percent of active hours to total reported 98.5 77.0 59.7 56.2 88.8 118 90 93 99 91 103 100 98 98 102 Thousands of pounds Thousands of yards Monthly av- Bales of 133 erage, 1926= pounds 100 Rayon Silk 72 28 31 29 27 28 2.*< 67 24 67 67 31 33 106 81 42 73.8 73.6 73. 1 73. I 73.5 75. 6 76.4 76.4 76.9 79.1 75 66 36 69 42 32 30 66.2 80.9 75.2 67 91 71 * Grease equivalent; see note on p. 55. Daily average, 1923-25=100 4. 925 2. 512 2. 2.*ti 1. 673 1. 647 358 2;4 2o8 413 399 309 232 242 383 373 43.2 44.4 46.8 1. 185 1.292 1.358 382 386 488 357 429 574 55.0 52 2 45.8 40.5 1.348 1. 432 1.327 1 391 1.418 1 :<7H 1.447 1.705 1. 868 2.084 553 441 29f 274 417 3M 433 550 583 565 387 279 264 439 477 570 613 419 482 1.644 1. 279 1.540 393 336 442 399 335 438 i Twisting spindles. 16 SURVEY OF CURRENT BUSINESS December 1935 Cottonseed—A Leading Cash Crop By Fletcher H. Rawls, Chief, and Charles E. Lund, Edible Oil Specialist, Foodstuffs Division Cottonseed gradually assumed greater economic importance as markets, both here and abroad, were opened. By 1927, the production of seed reached the of the country. It is hardly conceivable that in 1857 high total of 7,989,000 tons, of which 6,306,000 tons, the State of Mississippi penalized gin owners for or 79 percent, were crushed. This seed yielded crude dumping cottonseed in waterways when it is consid- cottonseed products with a total value of $240,000,000. ered that in the year ended July 31, 1935, the value While that year represented the peak from a quantity of crude cottonseed products amounted to no less standpoint, the value of the seed was considerably than $178,000,000. The distribution of the value higher in the war and immediate post-war years of of crude cottonseed products in that year was as relatively high prices. In the year ended July 1919 follows: Cottonseed oil, $91,849,000; cake and meal, the value reached an all-time peak of $384,000,000. $54,023,000; hulls, $10,260,000; and linters, $21,606,000. The yield of cottonseed products has fluctuated in Thus, the seed has become of major importance, recent years largely in accordance with the size of the not only to the cotton growers, but to the entire cotton crop. For the past two seasons the amount edible and inedible oil industry. Even today, how- of cottonseed produced was substantially curtailed ever, a 10,000,000-bale cotton crop is commonly by reason of the agricultural adjustment program thought of in terms of that much lint cotton. How designed to bring lint cotton production more in line many persons not directly interested realize that a with consumptive requirements. cotton crop of this size yields, in addition to the lint, approximately 4% million tons of cottonseed, of which COTTONSEED COTTON about 80 percent is crushed, yielding roughly 1,000,000,CENTS PER POUND 000 pounds of edible oil, 1,500,000 tons of 41 percent protein content meal or cake, 950,000 tons of hulls, and approximately 650,000 running bales of linters? In the year 1934-35, the farm value of the cottonseed was equivalent to one-fourth of the value of the lint. While the major importance of the seed is in its edible oil content, the other products have very extensive uses. Cottonseed cake and meal, for exam19Z9 '30 '31 '32 '33 . '34 1935 1929 '30 '31 '32 '33 '34 1935 CROP YEAR ENDED JULY 31 ple, are important feeds used by the cattle and dairy industry and are also utilized to some extent as conChart I.—Average prices obtained by producers for lint cotton and cottonseed. centrated feeds for hogs, sheep, horses, mules, and poultry. Considerable quantities are also used for Comparative Price Trends fertilizer. The rapid decline and subsequent advance in the In addition to providing a roughage for livestock, the price obtained by producers for both cotton and cotcottonseed hulls are used in such widely diversified tonseed since 1929 is shown on the accompanying chart industries as the manufacture of baseballs, horse I. It is apparent that the increase in the price of collars, and chemicals. Linters are used largely in the the seed from the lowest point in the depression has manufacture of explosives, rayon, cotton batting, felt been considerably more rapid than the increase in the for mattresses, in the paint and varnish industry, and price of lint cotton. Whereas the average price in the manufacture of such products as cellophane, obtained for lint has approximately doubled, the price bakelite, collodian, sausage casings, photographic received for seed in the crop year just passed was films, paper, plastics, and surgical dressings. three and one-half times as large as in the crop year ended July 1932. In actual dollars the farm price of Growth of the Cottonseed Oil Industry As late as 1875, only 5 percent of the cottonseed cottonseed has moved up from $9.51 per ton to produced was crushed; this portion of the crop yielded $34.76 per ton. This latter figure is only slightly products with a value of $2,530,000. It is interesting, below the amount realized in 1928-29, a year of relain view of the international character of the vegetable- tively high consumer purchasing power. The rise in the price of cottonseed has been fostered oil industry at the present time, that one-eighth of the not only by the drop in the quantity of cottonseed 25,000,000 pounds of oil obtained in that early year produced but also by the decline in the supply of was exported. was COTTONSEED, whichofless than 80 years agocrops a worthless byproduct of growing cotton for its lint value, is today one the important cash SURVEY OF CURRENT BUSINESS December 1935 competitive oils and competitive finished products which directly affected the demand and price of cottonseed oil and products. Chart II illustrates the effect of these price changes on the value of cottonseed products. Notwithstanding the low yield in the year 1934-35, the total value of crude cottonseed products was almost exactly double the value of the crop harvested 2 years earlier. This chart also shows the trend of the price of refined cottonseed oil during the same period. Since the cotton lint is usually mortgaged for production credit, the proceeds from the sale of the seed often furnish the grower with his only immediate source of cash income. In 1931-32 the value of the seed barely covered the cost of the ginning. In the past year the value was sufficiently high to pay the cost of the ginning and to leave a substantial margin for the grower V77A MILLIONS OP DOLLARS 300 250 200 150 100 50 o RVALUE I 1929 • yeiiow. MotAce ? 1 L I 1 r—- **" 1 1931 I93C SOURCE: Deportment or Comm / / 1932 b 1933 i !934 CROP YEAR ENDED JULY 3 i i 0 V/, 1335 for use in settling for the picking and meeting other obligations. Foreign Trade in Cottonseed and Competing Oils The export market has for many years provided an outlet for considerable quantities of both cottonseed oil and cake and meal. The 300,000,000-pound oil export figure was reached just before the beginning of the present century. The peak export year was in 1912 when more than 399,000,000 pounds of oil and 647,000 tons of cake and meal were sent abroad. The volume declined in the war years and those immediately thereafter, although in the crop year ended July 1921, the amount of oil exported was 283,000,000 pounds. Cottonseed oil and some other foreign competing oils were placed on the dutiable list by the Tariff Act of 1921. Since then world trade barriers of various forms have been set up in all important countries for the purpose of increasing the use of domestic fats and oils. In 1922, our exports of cottonseed oil dropped below 100,000,000 pounds, and since 1928 they have been below 50,000,000 pounds. For the 1934-35 season, exports were less than 5,500,000 pounds, and 3 Coconut oil Corn oil 1934 January February March April May June ._ July August September October November December.... 0.047 .051 .051 .052 .050 .053 .059 .068 .075 .081 .092 .101 0.028 .028 .027 .026 .026 .026 .025 .027 .029 .033 .031 .035 0.036 .043 .047 .047 .046 .048 .053 .059 .068 .076 .083 .094 0.038 .044 .049 .051 .051 .052 .056 .059 .069 .074 .082 .094 0.070 .070 .080 .073 .070 .078 .080 .080 .090 .098 .100 .104 0.057 .066 .067 .071 .066 .068 .072 .090 .102 .101 .112 .122 0.199 .256 .253 .233 .245 .248 .246 .277 .256 .268 .292 1935 January February March April.... May June July August September October .109 .114 .108 .103 .105 .101 .096 .099 .102 .104 .044 .052 .058 .055 .054 .046 .038 .038 .042 .048 .099 .104 .106 .095 .090 .090 .088 .090 .091 .094 .101 .103 .105 .095 .095 .094 .089 .090 .095 .095 .119 .125 .141 .140 .140 .140 .135 .130 .130 .142 .136 .143 .144 .138 .141 .147 .151 .168 .169 .151 .341 .356 .313 ,340 .269 .241 .237 .248 .260 Year and month 4 a OleoButter marLard creamPeanut garine prime, ery, oil standconN. Y. ard, un- tract extra colored Cottonseed oil -6 y/ i Wholesale Prices of Selected Vegetable Oils, Lard, Oleomargarine, and Butter i [Dollars per pound] 8 Chart II.—The value of cottonseed products and trend of refined cottonseed oil prices. 31476—35 for the first time in years we imported considerable quantities—approximately 131,000,000 pounds of cottonseed oil and 50,000 tons of cake and meal. Following the levying of an excise tax in May 1934, covering the first domestic processing of coconut, sesame, palm, palm kernel, sunflower, and whale oils, and copra, imports of such products were temporarily reduced. The imports of oils (including the oil equivalent of the copra imported) covered by the taxes were cut by 323,000,000 pounds in the calendar year 1934, as compared with the year 1933. This reduction occurred despite the heavy inflow in the final 2 months of the year. As a result of this curtailment of the supply, the drought of 1934 which necessitated the slaughter of large numbers of emaciated livestock in the United States, and other influences, there was a steady upward pressure on prices. The accompanying table reveals the extent of the rise in prices of selected vegetable oils, lard, butter, and oleomargarine. Yi ipor 10 i I i I ——CENTS PER POUND c 17 .278 1 Quotations at New York, except for peanut oil (mill price) and oleomargarine (Chicago). Source: Bureau of Labor Statistics, U. S. Department of Labor. By November 1934, prices were high enough so that it became possible for foreign oils to surmount the trade barriers which had curtailed the inflow from May to October of that year. As a consequence, the import situation during the current year has differed radically from that prevailing during a large part of 1934. Oils not covered by the 1934 Revenue Act also joined in the flow to this country from November 1934 onward. In the year ended July 31, 1935, vegetable-oil imports increased 231,000,000 pounds, and imports of oil-bearing seeds increased 74,000,000 pounds. Assuming that the oil is crashed from all the oil-bearing seeds, the total increase in imports, on an oil basis, for the 1934-35 season, amounted to 248,000,000 pounds of SURVEY OF CURRENT BUSINESS 18 cottonseed and all other vegetable oils. The import movement was heavy in the latter half of the year ended July 31,1935 and has continued in large volume during the first quarter of the current crop year. Similarly, imports of tallow amounted to 219,000,000 pounds in the year 1934-35, whereas the amount imported in the preceding season was negligible. These additions to the domestic supply were needed for the manufacture of soap, although tallow also found increasing use in edible channels during the year. In years of normal tallow production, considerable quantities are exported. Notable exceptions to the general trend of imports in the year 1934-35 were provided by copra and coconut oil from the Philippines. The decreases in such products amounted to 86,000,000 pounds for coconut oil and 117,000,000 pounds for copra (oil basis). In summary, while exports during the year 1934-35 declined, the domestic market for fats and oils provided not only an adequate outlet for the domestic supply but for a large volume of imports as well. Domestic Use. As cottonseed oil has successfully competed in the higher-priced edible field, only a small quantity of the oil retained for domestic use goes into inedible channels. In the calendar year 1934, according to the statistics of the Bureau of the Census, only about 6,000,000 pounds of cottonseed oil were used for the production of inedible products, such as soap, while approximately 1,000,000,000 pounds were used in the manufacture of compounds and vegetable shortenings, approximately 55,000,000 pounds in margarine, and 155,000,000 pounds in other edible products, such as packing oil, dressings, and mayonnaise. The importance of cottonseed oil compared with competitive oils consumed in factory operations is shown by data from the Bureau of the Census. Cottonseed and Competing Oils Used in Factory Production 1 [Thousands of pounds] 1931 1932 1933 1934 9months 9 months, 1934 1935 1,140,799 1,, 083,959 1,114,846 1, 377,437 986,028 Cottonseed oil 592,684 549,515 583,826 589, 602 451, 238 Coconut oil— 93,685 106,247 126,480 120,733 85,291 Fish oils 235, 585 208, 547 232, 619 191,738 155,438 Palm oil 48, 555 51,447 78,909 55,724 71,885 Tallow, edible 8,872 14,999 13, 543 4,434 Peanut oil 25, 269 22,958 20,907 27,885 12,401 Soybean oil 16, 615 15,962 22, 601 14,692 54,059 Palm kernel oil 42,414 43,946 61,094 42, 819 45,910 Corn oil 15, 765 19, 061 26,137 39, 229 31,371 Oleooil 44, 778 10, 514 13,834 7,403 Sesame oil 5,971 33,144 24, 251 28, 703 20,013 25,421 Animal stearine, edible19, 340 17,485 14, 260 11,391 22, 27" Lard - 956,739 436, 744 161,033 180,136 91, 765 80,775 69,035 41,919 41,562 39,042 33,443 24,364 7,558 Total, all fats and oils 3,771,469 3,355,555 3, 514,641 4,028,003 2,983,716 3,298, 836 1 Calendar years. Source: Bureau of the Census, U. S. Department of Commerce. It will be noted that cottonseed oil constitutes approximately one-third of all oils and fats used in factory operations in the production of both edible and inedible products. It will be readily seen that December 1935 the consumption of certain competitive oils, notably peanut, soybean, palm-kernel, sesame, and fish oils, has increased in 1935 relatively more rapidly than the total factory consumption. Increased Use in Margarine Production For the fiscal year ended June 30, 1935, margarine production, as reported by the Bureau of Internal Revenue, consumed 96,000,000 pounds of cottonseed oil as compared to 24,000,000 pounds for the previous fiscal year, an increase of 300 percent. The total margarine production rose from 243,187,000 pounds in 1933-34 to 354,773,000 pounds in 1934-35, an increase of 46 percent. The 1934 drought and the agricultural adjustment program, which resulted in a smaller production of butter and lard and in rising prices, were the principal factors influencing the increased sale of margarine. With reduced coconutoil imports, cottonseed oil displaced what would normally have been a correspondingly increased use of the former in margarine production. Cottonseed and Other Principal Oils Used in the Production of Compounds and Vegetable Shortening i [Thousands of pounds] 1931 Cottonseed oil Coconut oil Palm oil Tallow, edible Animal stearine, edible Fish oils Lard. ____ Total, all fats and oils 1932 1933 1934 928, 489 34,132 34,536 69, 548 27, 220 16, 676 8,860 834,367 8,332 22,126 45, 708 17,357 11,520 5, 636 852,843 7,117 21,116 46,437 17,105 9,272 3,171 1,058, 733 9,045 16,717 73,416 21,517 10, 775 2,635 1,208,142 968, 577 972,142 1, 214, 742 1 Calendar years. Source: Bureau of the Census, U. S. Department of Commerce. Need of Price Data Based on Standards Manufacturers are alert in developing uses and markets for the various cottonseed products, which, in turn, result in a better market for cottonseed. But the industry is still in a somewhat confused condition, owing to unavoidable speculative conditions surrounding the marketing of cottonseed and finished products. The future progress of the industry and the maintenance of a satisfactory relationship between the growers and manufacturers would be fostered, no doubt, by the establishment of a system of trading on official standards and the collection and dissemination of adequate trade information. The available price data on cottonseed at the present time, while fairly representative and indicative of the monthly trend, are not promptly available to the growers in the hundreds of places where cottonseed is bought and sold and hence are of rather limited use. Generally, the growers are dependent for price information on the amount obtainable for seed in their immediate localities. The establishment of a source of current price information from which growers and manufacturers could readily obtain data on what is happening in the markets, not only for cottonseed but also for cottonseed products, would constitute an important step forward in the direction of orderly marketing. December 1935 19 SURVEY OF CURRENT BUSINESS EXPORTS BY GRAND DIVISIONS, COUNTRIES, AND COMMODITIES [Revised statistics for 1934] Exports Total, incl. reexports thous. of dol— By grand divisions and countries: Africa thous. of doL_ Asia and Oceania thous. of doL. Japan thous. of doL. Europe _ thous. of dol_. France thous. of doLGermany thous. of dol_Italy thous. of dol_. United Kingdom thous. of doL. North America,northern_thous. of dol__ Canada thous. of doLNorth America,southern.thous. of doLMexico thous. of dol-_ South America thous. of doL_ Argentina thous. of dol._ Brazil.thous. of dol__ Chile _..thous. of doLBy economic classes: Total, 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 manufactured thous. of doL.. Fruits and preparations mills, of doL. Meats and fats_ .mills, of dol._ Wheat and flour mills, of doL_ Manufactures, semi...thous. of doLManufactures, finished thous. of doL. Autos and parts mills, of doLGasoline mills, of dol.Machinery... .mills, of dol._ By individual items: Automobiles assembled, total number.. Passenger cars number.. Trucks number-. Beef and veal thous. of lb_. Cigarettes thousands.. Coal: Anthracite thous. of long tons.. Bituminous thous. of long tons._ Coke thous. of long tons-_ Copper, refined short tons.. Cotton, exclusive of linters thous. of bales— Cotton cloth thous. of sq. yd— Cottonseed cake and meal.short tons.. Fertilizers, total long tons— Nitrogenous long tons.. Phosphate materials long tons.. Prepared long tons.. Fir, Douglas: Lumber M ft. b. m__ Timber M ft. b. m__ Gasoline thous. of b b L . Gold thous. of doLGrains, incl. flour and meal thous. of bu._ Barley, incl. malt thous. of bu._ Corn, incl. meal thous. of bu__ Oats, incl. oatmeal thous. of bu._ Rye, incl. flour thous. of bu._ Wheat, incl. flour thous. of b u . . Wheat only thous. of bu._ Wheat flour thous. of bbl__ Iron and steel long tons__ Kerosene thous. of bbl_. Leather, sole thous. of lb_. Leather, upper thous. of sq. ft— Linseed cake and meal-__thous. of l b . . Locomotives, railway, total..number.. Electric number.. Steam number.. Lumber, all types M ft. b. m__ Methanol, wood distilled gallons. . Milk: Condensed (sweetened).thous. oflb. _ Evaporated (unsweetened) thous. of lb-_ Powdered... thous. of lb_. Pine, southern: Lumber M ft. b. m_. Timber M ft. b. m__ Pork, incl. lard thous. of lb._ Lard__ „.thous. of lb._ Rice pockets (100 lb) — Shoes, leather... ..thous. of pairs.. Silver thous. of doL. Sugar, refined, incl. maple..long tons.. Tobacco, leaf thous. of lb._ Vegetable oils, total thous. of lb_. August Septem- October Novem- December ber Janu- Febru- March ary ary AprU May June July 172, 220 162,752 190,938 179, 427 160,197 170,519 161, 672 171,984 191,313 206, 413 194, 712 170,654 2,132,800 3,938 35, 896 16, 763 90, 243 13,200 15, 728 5,754 32, 243 19,145 18,861 12,135 4,136 10,864 2,942 2,938 545 4,999 34, 243 14,961 82,112 10,935 13, 656 6,291 27,964 19,880 19, 603 11,790 3,764 9,728 2, 552 2,838 593 6,595 37, 640 16,295 92, 426 12, 909 15, 240 5,327 32,191 25, 793 25, 358 15,404 4,382 13,080 3,909 3,400 654 5, 706 37,452 14,819 80,059 10, 574 10,853 4, f 96 28, 840 26,646 26,250 15,991 4,668 13,573 3,619 3,170 1,020 5,637 27,527 11,506 66,803 V, 263 b,847 4,853 25,922 32, 318 31,892 14, 921 4,753 12,992 3,368 2,981 885 7,062 38,474 16, 291 67,613 8,035 8,308 4,276 24,847 28,415 27,875 15,037 4,665 13,918 3, 505 3,343 1,048 8,501 35,855 12,812 61, 769 6,379 7,701 4, 275 24, 340 27, 231 26,711 14, 629 4,747 13, 687 3,782 3,216 814 6,664 38,137 13,857 69,075 6,481 6,799 4,973 30, 663 27, 794 27,142 13, 791 4,765 16, 524 4,437 3,964 1,329 7,998 40,169 20,034 86, 579 10, 334 7,461 4,742 40,119 25, 370 24, 850 15,884 4,611 15,313 3,712 3,979 1,181 5,757 46,883 26,994 95,180 10, 561 6,316 6,226 46,830 27,458 26,913 17,355 5,856 13, 780 4,135 2,961 1,047 7,293 41,837 22, 846 88, 564 9,131 5, 055 8,445 40, 281 26,638 26,021 15, 287 4, 330 15,092 3,780 4,359 1,644 6,664 44,310 23, 303 69,376 9,903 4,774 4,821 28, 508 21, 327 20,957 15,827 4,387 13,150 2,946 3,225 1,271 76,815 458,421 210,480 949,799 115, 704 108,738 64, 578 382, 749 308,015 302,433 178,049 55,064 161,701 42,688 40, 375 12,030 169,577 60, 401 41.5 22, 693 7,294 159,617 54,120 37.6 19, 567 6,894 187,418 55, 270 34.7 20,066 6,138 176, 490 45,876 24.5 17,813 5,348 157,161 37,971 17.6 16,811 3,990 167,902 47,000 28.9 14,922 3,023 159,128 37,197 20.3 16,936 3,683 169,851 39, 675 17.8 22,102 5,299 188, 860 66,066 32.2 20,056 4,067 203, 536 82,871 43.4 21, 791 5,264 192,156 71,779 39.2 18,281 4,412 168,442 54, 525 35.0 15,668 3,620 2,100,135 652, 752 372.8 226,708 59,032 15,399 12, 674 13,928 12, 466 12,821 11,899 13, 254 16,803 15,990 16, 527 13,869 12,048 167, 677 8.4 6.1 3.1 25,024 6.8 5.4 2.7 24, 516 5.5 5.9 3.1 31, 370 4.4 5.1 3.7 29, 231 3.3 6.8 1.9 26,180 4.0 5.7 1.1 27,998 5.1 5.7 1.6 28,876 7.7 5.8 3.0 29, 378 7.1 5.3 2.0 29,728 9.0 4.9 1.7 28,804 5.4 5.6 1.7 30,415 5.4 4.1 1.4 30,316 72.1 66.5 27.1 341,837 61,458 10.8 4.8 14.4 61,414 13.2 4.3 14.6 80, 711 20.6 5.6 18.3 83,570 21.5 5.8 19.2 76,199 20.6 3.8 17.0 77,982 20.0 3.9 18.6 76,118 18.4 3.5 18.9 78,695 15.3 4.1 20.2 73,009 14.0 3.8 18.8 70,069 12.4 4.2 18.7 71,681 11.0 4.1 20.6 67,933 12.4 3.3 19.1 878,838 190.2 51.2 218.4 11,244 3,685 7,559 1,389 283,784 14,911 8,872 6,039 1,762 188, 956 26,198 16,142 10, 056 2,670 246, 278 27,267 16,511 10,756 2,063 344, 740 24,666 16,054 8,612 1,514 336, 264 24, 786 17, 971 6,815 1, 356 252,609 23,959 17, 621 6,338 2,250 225, 387 19,829 12, 536 7,293 2,237 310, 784 17, 766 10, 236 7,530 1,683 260,409 15,552 8,040 7,512 1,638 280, 590 16,282 9,210 7,072 1,961 282, 269 15,420 8,279 7,141 1,360 288, 768 237,880 145, 157 92, 723 21, 884 3,300,838 96 369 39 14, 459 99 382 55 19, 451 88 490 45 24, 210 71 675 25 24,925 125 1,074 52 22, 306 89 991 66 30, 722 82 1,108 105 25, 323 87 1,036 127 24, 278 90 1,033 114 24,476 122 1,059 92 29, 861 120 949 83 28, 675 91 537 42 23,648 1,159 9,704 842 292,336 739 16, 790 14,625 60, 390 10, 227 48,304 11 628 20, 071 5, 305 109,938 14, 240 91, 639 52 550 22, 543 381 118, 652 37, 398 75, 950 289 387 23,791 203 98, 330 18, 079 74, 287 206 285 22, 796 78 113,752 2,646 106,327 426 459 21, 232 366 105, 285 5,064 96,262 164 306 15, 689 91 83, 382 4,577 75, 600 273 253 14,456 1,195 126,036 16, 512 108,473 374 454 17,330 124 109,982 29,591 76,987 174 616 16,423 196 135,038 27,121 104,143 350 572 16,858 306 118, 437 21,131 93, 509 227 505 16,444 80 127, 079 13,613 107,313 312 5,753 224,423 22, 950 1, 306, 301 200,199 1,058,794 2,858 27, 599 10,094 1,797 4,715 25, 492 13,876 1,772 51 25, 380 20,824 2,235 44 52, 956 25,256 2,436 37 14, 712 10,422 1,643 1,780 1,170 426 1,716 6,586 7,190 3,252 1,495 114 54,475 34,513 1,766 14, 556 38,954 29,363 1,677 22, 255 35, 959 19, 715 1,823 2,173 40, 728 26,156 1,833 310 45, 325 27, 565 1,373 140 369,940 221,462 21,566 52,759 5,325 514 167 74 0 4,570 2,867 362 178,024 580 241 6,163 43,239 4,854 502 244 69 0 4,039 2,667 292 151,185 716 136 4,859 37, 766 6 4 2 70,331 101, 484 5,757 690 247 84 3 4,733 3,065 355 261,296 657 282 6,167 38,080 7 7 0 83,404 135,279 6,213 425 209 96 1 5,482 3,576 406 201,516 1,148 186 5,388 38,136 10 7 3 109,919 57,259 3,574 408 371 68 0 2,727 1,457 270 241, 749 648 186 4,349 31, 739 12 11 1 61,002 38, 556 1,884 139 248 81 1 1,415 387 219 219,406 962 281 4,900 34,328 14 10 4 53,539 52,612 2,927 165 518 76 0 2,168 826 286 233,197 751 205 3,847 33,441 8 5,174 789 471 69 0 3,845 1,776 440 243, 300 976 753 5,054 32,126 16 14 2 109,481 77, 732 3,377 743 357 87 0 2,190 109 443 300, 624 789 425 5,354 20,935 8 8 0 92,933 44, 937 2,884 582 308 71 0 1,923 57 397 220,207 956 363 6,684 30,869 6 3 3 88,813 41,941 2,773 535 224 78 0 1,936 152 380 299, 262 625 451 6,030 31, 338 28 17 11 93,861 48, 945 1,842 111 147 73 0 1,511 32 315 282,653 798 233 5,676 21,558 4 3 1 106,766 38,211 46,400 5,603 3,513 925 6 36,353 16,970 4,163 2,832,419 9,607 3,743 64,470 393,655 126 95 31 1,015,486 771,662 7 4 3 83,170 106,358 7 1 62,267 28,348 Total 476 253 198 591 544 1,269 1,243 985 797 553 821 470 8,202 3,545 351 2,597 130 3,379 318 4,053 322 1,615 225 2,569 309 3,277 222 5,069 315 2,771 363 3,324 163 2,840 234 2,925 168 37,963 3,120 20,415 4,516 62,617 51, 202 104, 952 40 859 3,505 26,997 4,269 22, 655 7,652 50, 715 36, 908 87,639 41 734 4,187 28, 406 2,524 26,549 6,491 52,114 39,493 142,504 100 665 4,248 44,411 2,138 27, 735 3,725 49, 761 39, 349 58,656 76 1,425 4,246 41, 340 1,773 23,113 8,885 79,942 66,167 41, 267 75 1,638 5,612 31, 380 923 26, 735 6,507 56, 241 41,008 89,197 90 2,404 4,649 29,563 1,094 26,451 9,577 51,243 33, 466 75,296 82 1,789 6,376 19,013 1,034 26,698 7,754 45,720 29,358 59,421 87 1,741 9,494 25,605 883 22,129 10,082 41,650 31,506 31,328 73 1,424 13,369 53,097 1,161 22,884 9,474 35, 737 26,870 61,164 72 1,162 20,194 64,810 234 23, 386 6,471 34,023 19,739 61,640 77 1,698 24,453 47, 634 427 24,851 7,450 25,670 16,170 53,226 49 1,014 21,461 28,609 372 293,601 88,584 585,433 431,237 866,291 861 16, 551 121, 794 440,866 16,833 * Compiled by the Bureau of Foreign and Domestic Commerce, U. S. Department of Commerce, and represent the final corrected totals for the year. Although all the statistics have not been revised, the complete monthly tabulation for the year is presented herewith for convenience. The import revisions are shown on the following page§ 20 SURVEY OF CURRENT BUSINESS December 1935 IMPORTS BY GRAND DIVISIONS, COUNTRIES, AND COMMODITIES [Revised statistics for 1934] Imports Total thous. of doLTotal for consumption -thous. of doL. By grand divisions and countries: Africa .thous. of doL. Asia and Oceania _thous. of doL. Japan thous. of doL. Europe _.thous. of doL. France -thous. of doL. Germany thous. of doL. Italy thous. of dol_. United Kingdom thous. of doL. North America.northern.thous. of dol._ Canada thous. of doL. North America, southern.thous. of doL_ Mexico... thous. of doL. South America .thous. of doL. Argentina._ -thous. of dol Brazil thous. of dol Chile -thous. of doL. By economic classes: Crude materials thous. of doL. Foodstuffs, crude thous. of doL. Foodstuffs, manufacturedthous. of dol_. Manufactures, Semi thous. of doL. Manufactures, finishied.-thous. of dol.. By individual items: Asphalt thous. of short tons-Bauxite .longtons-Burlaps and fibers: Burlaps thous. of lbs.. Fibers longtons.. Buttons, total.._ thous. of gross.From the Philippines thous. of gross-, Cheese thous. of lbs_Cocoa .longtons.. Coconut or copra oil thous. of lbs_. Coffee -thous. of bags.. Copper, total ...short tons.Ore and blister short tons-. Copra short tons.Cotton thous. of bales.. Cotton cloth thous. of sq. yd-_ Fertilizer, total long tons— Nitrogenous ..long tons.Nitrate of soda long t o n s Phosphates ...long tons.. Potash ....long tons-. Flaxseed thous. of b u . . Gold -thous. of dol.Hides and skins, total thous. of lb— Calf and kip skins thous. of lb— Cattle hides thous. of lb_. Goat skins thous. of l b ~ Sheep and lamb skins_.thous. of lb_. Iron and steel long tonsIron ore thous. of long tons.. Lead, refined short tons.. Manganese ore thous. of long tons.. Newsprint short tons.. Petroleum, crude. thous. of bbl.. Rayon ___thous. of lb.. Rice -. pockets (100 lb.)_. Rubber, crude, incl. latex—_long tonsShells, total thous. of lb_. Mother-of-pearl thous. of lb.. Silk, raw thous. of l b . Silver _ thous. of dol. Sugar, raw _ long tons. Tagua nuts thous. of lb_. Tea.. .thous. of lb_. Tin, bars, blocks, etc. long tons. Tobacco leaf, unmanufactured thous. of lb. Vegetable oils, total thous. of lb. W o o d pulp, chemical short tons. W o o d pulp, mechanical (ground wood) short tonsWool, unmanufactured...thous. of lb. i See footnote on p t 19. Janu- FebruMarch ary ary April May June July SepAugust tember October Novem- December ber 135,706 132,753 128, 976 125,047 2,542 44, 768 9,530 37, 296 4,491 6,466 2,847 7,995 17,157 16,397 9,317 2,824 17,895 2,379 7,826 1,236 158,105 146,523 154,647 136,109 127,229 119,513 131,658 129,635 150,919 153, 396 14i, 247 147,467 135, 067 124,010 117, 262 149,893 137,975 149,470 2,780 4,785 3,015 3,700 2,605 2,335 2,260 2,624 1,960 2,485 36,262 49, 013 51,861 56,492 49, 201 38, 336 34, 359 37, 290 36,862 42,709 9,114 11, 464 10,186 9,170 8,797 10,121 8,595 11,913 10, 242 11,818 44,447 45, 749 37,526 35,955 39,410 37,787 35, 772 41,917 40,543 47,862 7,167 3, 874 5,603 4,333 4,188 3,535 3,900 4,351 4,560 6,165 6,059 7,182 5,031 5,515 5,469 5,241 5,556 5,854 5,719 5,675 2,833 3, 613 2,633 2,759 2,976 2,648 2,912 3,123 3,400 4,115 11,016 7,490 7,649 10, 296 9,702 11,356 9,006 8,215 10, 427 10,375 14,333 18, 257 16, 512 19, 235 19, 258 19,361 19, 220 21,128 22,500 21,974 14,156 18,626 18,697 17,977 16,277 18, 728 18, 718 20,698 21, 664 21,602 8,468 11, i54 9,283 10, 760 9,726 10, 912 10, 691 29,149 15,367 13,340 2,857 3,351 2,441 3,922 3,110 3,001 3,003 2,509 2,165 2,279 18,758 16,484 16,909 24,833 21,921 14,960 18,814 18, 449 20,079 21,100 2,727 1,574 1,159 3,365 3,076 2,981 2,01*2 2,222 2,006 2,302 8,561 5,612 9,436 6,670 7,127 5,496 6,583 10, 219 8,648 9,508 1,775 2,631 1,038 3,784 2,285 1,449 1,941 972 1,912 35,916 18,423 20,892 26,413 27,331 37, 016 21,103 17,192 22, 219 27,517 45, 219 26,163 22, 536 29,624 29,854 41, 018 22, 259 23,422 26,123 28, 425 42, 948 18,634 28, 279 26,761 30,845 42,566 18, 006 21,175 26,846 26, 474 3 14,365 35, 768 28,406 82 1 13,936 0 13,534 3 10, 576 26, 346 18,839 72 35,113 23,059 78 30, 573 17,861 54 1 16,685 34,400 17,172 121 3 13,394 27,093 21,399 45 47 3,902 16,919 35,816 1,353 5,785 5,533 19, 901 14 4,616 121,845 70,739 17, 343 2,309 47,293 1,524 452, 622 17,683 1,579 5,837 5,837 3,315 25,407 64 364 2 124,584 2,555 64 22,150 35,220 1,862 559 4,279 2,128 117,666 1,291 4,696 1,944 47 4,756 30, 502 22, 079 1,305 25, 391 24, 738 23, 378 19 5,426 206, 781 147, 722 74,584 2,267 55, 344 1,690 237, 380 20,709 1,856 6,388 7,598 3,457 38,370 79 1,928 16 168,839 2,577 42 35,658 42, 253 1,608 657 5,796 1,823 174, 602 867 6,758 3,569 61 2,823 19,146 46, 296 1,100 16,092 15, 700 23, 786 13 140,059 95,509 33, 690 3,521 36,474 1,031 1,947 18,662 2,840 5,807 6,140 2,494 22, 653 89 906 7 168,752 3,286 32 15, 338 49,088 274 254 3,895 3,593 179,096 1,457 3,604 4,218 91,834 139,835 14, 713 9,637 5,449 4,228 65, 762 57, 054 144,133 109,405 11,408 12,622 9,239 16,975 17, 764 11,335 27,451 28,477 3 13,249 42,471 15,010 77 132,258 126,193 1,655,055 1, 636,003 1,963 26,550 7,014 36,973 5,165 5,084 2,899 7,741 24, 459 23,712 19,486 16, 762 3,633 6,289 1,700 33, 056 503, 702 117,964 481, 236 67,331 68,850 36, 759 111,269 233,392 227, 253 157, 653 34, 946 226,964 29,435 91,975 21, 620 34, 236 17,953 12,869 22,973 29, 231 38, 632 24, 221 33, 254 24, 240 29, 546 35,165 24,156 22,694 26,115 29,846 40,121 25,584 22, 239 27,443 34,082 28,797 20,047 27,660 21,094 28,595 460, 617 254,314 263, 547 307,302 350, 223 1 12,985 31,631 15, 625 79 1 14,463 27,124 10, 978 75 0 16,749 22, 517 9,044 72 1 14,130 0 12, 587 27,493 10,530 43 16 166,653 31,472 10,881 65 42 62 70 35 77 70 58 21 47 3,213 3,676 3,897 3,511 3,939 4,063 4,460 5,730 3,565 26, 539 10,843 10,456 10, 914 18, 973 17,154 8,044 16, 713 10, 933 30, 532 26, 854 29,047 35, 742 17, 210 17, 990 14,810 20, 935 17,492 996 736 788 790 758 1,018 919 1,021 762 13, 724 15, 244 23, 226 14, 780 16, 565 12, 236 22,817 18,485 15,152 13, 624 15,011 23, 221 14, 724 15,048 10, 895 20, 581 17, 286 13, 922 12,037 24, 519 20, 599 3,735 10,079 8,624 5,177 20, 606 27,174 12 11 11 10 12 15 8 8 10 4,962 1,944 2,108 2,592 3,817 1,701 2,512 3,517 4,353 179,205 103, 723 66, 694 69, 285 48, 497 69,176 81, 560 82,121 91, 807 134,481 71,057 44,161 43, 576 18, 545 24,666 31,297 38, 728 42,085 160 80, 466 39, 321 10, 564 10,976 1,212 931 7,195 17,085 1,495 1,541 4,158 5,847 1,910 1,786 3,141 2,001 2,411 35, 845 17, 310 13, 345 19, 265 25,845 38, 963 44,422 35, 276 44,015 695 1,297 806 821 1,144 1,637 959 1,823 743 54, 785 35, 362 70, 291 52,460 51, 781 3, 585 13,010 121,199 92, 249 19,911 22, 625 21, 235 22,181 13,137 10, 018 11,095 12, 635 10,879 1,900 1,914 808 919 1,221 806 658 1,131 2,259 8,268 4,571 7,265 2,148 9,577 2,408 3,763 5,184 5,303 5,607 4,355 3,202 9,119 5,818 3,219 7,217 3,906 2,856 2,930 2,691 3,124 3,006 2,658 2,554 2,409 4,247 2,397 32,418 24,858 17,676 23,847 20,250 35,270 26,862 29, 471 19, 708 154 188 196 77 99 128 202 79 73 1,959 1,900 2,055 2,726 556 3,150 1,639 797 851 11 5 13 10 20 17 16 11 7 196,490 204,036 200,004 197,227 171, 390 159,944 201,146 194,392 222,897 2,621 3,270 3,442 3,947 2,561 2,395 2,877 3,448 2,794 27 11 4 24 29 14 25 6 30 46,173 44,990 44,645 59,149 58, 464 44, 493 52,973 42,643 46,330 45,367 49,938 48,748 42,674 32,700 32,010 29, 240 37,212 18,171 1,644 222 310 335 289 345 442 1,266 414 526 165 226 199 219 168 423 130 313 4,731 6,846 5,037 4,719 5,387 4,798 7,219 2,566 5,176 21,926 20,831 5,431 2,458 14, 425 15,011 1,955 8,711 4,435 216,890 291, 228 197, 573 54, 226 91,207 683,942 243, 250 165, 561 260, 715 524 667 458 650 853 1,148 365 523 638 9,193 5,419 6,471 7,426 7,942 4,493 7,668 5, 015 4,389 2,772 4,242 3,231 3,148 4,900 3,859 3,307 3,932 1,478 6,142 3,830 5,209 5,989 5,140 4,776 4,548 69, 607 56, 559 62, 520 68, 376 40, 618 55,162 53,403 142,864 139, 512 165,927 77,150 125,486 136,947 150, 031 14, 243 13,567 17,555 7,458 11,051 8,003 21, 037 7,632 Total 17, 272 7,046 19,319 7,567 16,8S0 8,850 372,001 198, 804 638 47, 533 197,135 314,802 11,545 199,498 190,282 199,615 142 41, 533 1, 260, 753 762, 566 293, 527 32, 387 413,897 14,170 1,186, 671 200, 770 17,892 66,520 64,874 35,285 316, 790 1,428 18,832 134 2, 209,701 35, 772 308 513,007 462, 621 9,011 3,840 60,447 102, 725 2, 675,956 9,440 76, 410 39,986 4,521 59,953 146,049 3,608 33,038 139, 263 57, 659 713,885 1,616,601 18,707 4,964 17,950 5,074 186,374 109,396 21 SUKVEY OF CURRENT BUSINESS December 1935 WEEKLY BUSINESS INDICATORS* [Weekly average, 1923-25=100] ITEM 1935 1934 1933 Nov. Nov. Nov. Nov. Nov. Oct Dec. Nov. Dec. Nov, 30 23 16 9 2 1 24 2 25 1935 1934 1933 Nov. Nov. Nov. Nov. Nov. Oct Dec. Nov Dec. Nov. 2 25 1 24 30 23 16 9 2 26 Business activity: Finance—Continued. New York Times* B anking— C ontinued. 94.6 93.1 92.2 91.0 91.0 78.6 76.9 74.7 73.9 Business Week*!. Federal Reserve re68.3 68.3 67.4 67.4 59.4 58.2 62.6 70.5 Commodity prices, wholeporting member sale: banks :§ Dept. of Labor,1926=100: Loans, total Combined index (784). 80.8 80.6 80.4 80.1 79.8 80.3 76.5 76.3 70.7 71.0 Interest rates: Farm products (67). 78.5 78.2 77.8 77.5 77.4 78.6 71.1 70.6 55.9 56.8 18.2 18.2 18.2 18.2 14.1 6.1 24.2 24.2 18.2 18.2 Call loanst 85.9 85.8 84.9 84.1 83.8 84.8 75.0 75.0 63.2 63.9 Food (122) 22.9 22.9 22.9 22.9 21.5 5.7 20.1 20.1 22.9 22.9 TimeloansJ 79.0 79.0 79.0 78.9 78.4 78.4 78.2 78.1 77.4 77.5 All other (595) Money in circulation £ 119. 6 118. 6 118. 6 118. 6 117. 5 117.4 113.5 112.7 118.0 116.8 Fisher's index, 1926=100: Combined index (120). 84.5 84.3 85.0 85.0 85.0 85.3 79.0 78.9 71.4 71.7 Production: Copper, electrolytic* 65.2 65.2 65.2 65.2 65.2 65.2 63.8 63.8 56.5 58.0 Automobiles 109.3 124. 2 122.1 116.8 100.6 81.3 27.1 23.2 23.9 30.6 Cotton, middling, spot- 44.9 45.2 45.6 43.0 41.9 41.5 47.1 46.3 37.5 37.1 Bituminous coalj— i.3 79.8 83.3 76.7 75.2 79.3 72.9 71.5 74.5 73.0 45.3 41.4 49.6 Construction contracts $_„ 27.4 30.9 64.8 29.6 114.9 Electric powerf 112.7 117. 2 116. 4 114.9 113.9 113.8 101.1 102.3 93.3 96.5 Distribution: Carloadings. 19.5 67.4 65.5 "68.~2 71.0 '73.~8 50.9 58.6 52.1 61.1 48.3 45.8 52.3 58.2 52.9 30.5 33.7 33.8 36.6 Lumber Employment: Detroit, fac135.4 136. 3 136.9 134. 5 134.3 134.3 113.9 113. 7 105.4 108.2 L5 Petroleum _. tory 62.4 75.0 2.4 71.1 17 69.7 19.7 38.2 38.2 36.8 35.5 107.5 100.9 41.6 Steel ingots Finance: Failures, commercial Receipts, primary mar66.3 48.2 51.6 52.1 58.7 59.5 49.4 56.3 65.8 74.0 Security prices: kets: Cattle and calves 76. 5 100.2 105.8 109.8 112. 3 120.6 65.1 87.1 63.6 70.8 Bond pricest— ... 108.8 108.3 107. 6 107. 6 107.4 107.3 105.5 104.8 89.7 88.4 116.4 118.5 116. 7 115.4 113.5 113.3 35.3 29.9 36.7 35.6 38.7 43.9 1.1 87.6 58.9 83.8 Stock prices!87.1 85.6 87.7 Banking: 146.2 202.3 !60.0 Cotton.. 136.2 146.2 202.3 260.0 273.1 293. 5 103. 5 121.9 156.9 186.5 Wheat.. 35.8 36.2 40.9 50.8 56.0 67.1 21.0 29.4 33.4 39.2 Debits outside N. Y. 87.3 92.6 88.5 87.6 77.6 84.3 70.4 75.5 71.0 65.8 04 t Weekly average, 1928-30=100. JDaily average. ""Computed normal=100. 1 Latest week is preliminary. • D a t a do not cover calendar weeks in all series. §1933-35 indexes are based on reports from 91 cities; earlier data cover 101 cities. WEEKLY BUSINESS STATISTICS ' Nov. 30 N o v . 23 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York dol. perlb-. Cotton, middling, spot, New York dol. p e r l b - . Food index (Bradstreet's) dol. perlb-Iron and steel composite dol. per ton.. Wheat, No. 2, hard winter (K. C.) dol. p e r b u . . FINANCE Banking: Debits, New York City mills, of doL. Debits, outside of 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. Member bank reserve balances mills, of doL. Excess reserves, estimated _. .mills, of doLFederal Reserve reporting member banks: § Deposits, demand, adjusted.. .mills, of doLDeposits, time mills, of doLInvestments, total mills, of doLU. S. Government direct obligations mills, of doL . Obligations fully guaranteed b y U. S. Government mills, of doL. Loans, total mills, of doL. On securities— mills, of doL. All other mills, of doLInterest rates, call loans percent-Interest rates, time loans percent.Exchange rates: French franc (daily av.) cents-Pounds sterling (daily av.) dollarsFailures, commercial number.. Money in circulation.. mills, of dol.. Security markets: Bond sales (N. Y. S. E.) thous. of dol. par value.. Bond prices, 40 corporate issues dollars.Stock sales (N. Y. S.E.) thous. of shares.. Stock prices (N. Y. Times) dol. per share.. Stock prices (Standard Statistics) 1926=100.. Industrial (351) 1926= 100Public utilities (37) 1926=100.. 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)_pct. 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_. Nov. 2 Oct. 26 Dec. 1 Nov. 24 Dec. 2 N o v . 25 Dec. 3 0.090 .122 2.79 33.28 1.13 0.090 .123 2.78 33.17 1.14 0.090 .124 2.73 33.16 1.11 0.090 .117 2.74 33.16 1.11 0.090 .114 2.73 32.98 1.13 0.090 .113 2.74 32.85 1.14 0.088 .128 2.44 32.22 1.03 0.088 .126 2.41 32.18 1.03 0.078 .102 1.93 30.92 .80 0.080 .101 1.96 30.24 .84 0.050 .058 1.72 28.32 .42 3,955 4,048 3,787 4,296 3,270 3,420 3,740 4,061 3,257 3,598 3,833 3,914 2,821 3,261 2,868 3,501 2,840 2,747 3,096 3,052 2,329 2,368 2,472 5 6 2,430 5,789 3,060 2,471 5 5 2,430 5,782 3,070 2,492 5 9 2,430 5,746 3,050 2,462 5 7 2,430 5,671 2,990 2,474 5 6 2,430 5,653 3,010 2,472 5 7 2,430 5,575 2,930 2,460 6 12 2,430 4,108 1,825 2,470 6 11 2,430 4,196 1,912 2,581 24 119 2,432 2,573 727 2,562 20 112 2,431 2,687 840 2,202 35 309 1,851 2,411 498 14,018 4,872 12,480 13,819 4,872 12,488 13, 720 4,892 12,493 13, 558 4,895 12,458 13, 598 4,899 12,476 13,463 4,963 12, 391 11,499 4,800 10,817 11, 392 4,823 10, 754 11, 236 4, 855 8,522 11,158 4,893 8,527 11,745 5,668 8,589 8,301 8,333 8,295 8,236 8,177 8,130 7,265 7,222 5,415 5,411 5,266 600 8,160 3,109 5,051 1.00 .88 9,089 3,766 5,323 .75 1.00 9,035 3,745 5,290 .75 1.00 10,413 4,288 6,125 1.00 .50 1,137 8,152 3,108 5,044 .75 1.00 1,135 8,002 3,056 4,948 .75 1.00 1,141 7,997 3,052 4,945 .75 1.00 1,138 7,968 3,033 4,935 .75 1.00 1,133 7,902 3,006 4,896 .58 .94 1,128 7,931 3, 032 4,899 .25 .25 605 8,171 3,124 5,047 1.00 .88 6.584 4.93 229 5,810 6 585 4.93 196 5,757 6 587 4.92 210 5,760 6.588 4.92 212 5,761 6 590 4.92 239 5,708 6.592 4.91 242 5,699 6.593 4.98 201 5,511 6.590 4.99 229 5,474 6.135 5.16 268 5,731 6.439 5.30 301 5,672 3.19 467 5,654 67,930 97.40 10,405 113.02 95.1 108.7 92.8 40.9 94, 320 96.95 18,913 115.05 95.5 110.0 92.1 38.6 66, 250 96.36 12, 714 113. 31 93.3 107.5 90.1 37.3 56,080 96.38 12,127 112. 04 92.9 107.5 88.9 36.2 55, 300 96.22 11,088 110.26 89.6 103.3 86.8 35.0 73, 570 96.06 14, 275 110. 07 89.1 103.1 84.6 35.7 52,367 94.46 4,857 86.51 71.0 82.0 61.3 36.2 64, 590 93.84 5,227 84.60 68.6 79.8 57.8 34.2 47,200 80.29 4,467 83.09 70.5 78.7 70.0 38.5 69,600 79.18 8,533 85.13 71.7 80.4 69.2 39.6 41,800 77.27 4,003 53.31 45.8 43.5 76.2 24.3 83,358 1,470 1,877 2,820 57 94, 723 1,359 1,953 2,840 55 7,276 93,177 1,419 1,939 2,851 54 6,651 89,095 1,419 1,914 2,802 53 76, 740 1,281 1,897 2,798 53 7,960 62,015 1,350 1,896 2,798 53 20,646 1,261 1,684 2,373 29 17, 676 1,218 1,705 2,369 29 4,963 18, 211 1,272 1,554 2,195 28 10,404 23,326 1,244 1,608 2,254 27 4,759 12,396 1,125 1,510 2,128 17 570,427 128,053 25,954 30,162 13,026 137,846 7,108 228,278 646, 503 140,392 28, 570 33,358 15,408 161,091 10,133 257, 551 628, 330 129, 529 26,049 29,133 17,138 159,172 12, 280 255,029 653, 525 131, 248 27, 702 30, 592 18, 930 164, 511 15, 797 264, 745 680, 662 132,499 29,194 33, 364 19, 553 165, 576 21, 692 278, 784 707,826 135, 383 30, 675 37,451 21, 289 166,189 31,461 285, 378 488,185 108,064 18,668 23,781 15,873 136,769 3,579 181,451 561,942 125,031 20,168 27,959 19,159 159,103 3,650 206,872 499,596 110,295 20, 977 26,474 14, 392 141,579 2,839 183, 040 585, 738 135, 652 23,148 32,140 17,607 165,102 4,529 207, 560 547,095 126, 448 16,663 31, 692 20,140 168, 699 1,511 181,942 242 229 354 2,844 317 194 380 2,878 334 239 526 3,255 347 231 676 4,038 355 251 710 4, 457 381 285 763 5,338 206 449 269 1,669 275 569 317 2, 340 201 383 408 2, 658 224 544 485 3,117 255 529 534 3,145 • Data do not cover calendar weeks in all cases. 1935 Nov. 16 Nov. 9 § Figures cover 101 leading cities instead of 91 as heretofore. 22 SURVEY OF CURRENT BUSINESS December 1935 Monthly Business Statistics The following summary shows the trend of industrial, commercial, and financial statistics for the past 13 months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and similar information, if published, will be found in the places noted at the bottom of each page. Note, however, that many revisions have occurred since the last Annual Supplement was published. A special supplement was included in the April 1935 issue, pages 57 to 72, inclusive. This supplement gave the monthly averages of all current series for the years 1932, 1933, and 1934. Data subsequent to October will be found in the Weekly Supplement to the Survey. 1935 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October 1934 October 1935 Novem- Decem- January ber ber February March April May June July August Septem ber BUSINESS INDEXES BUSINESS ACTIVITY (Annalist)t Combined indexf ..normal = 100— Automobile production! normal = 100— Boot and shoe productiont-..normal = 100— Carloadings, freight normal = 100- _ Cement production_____norrnal = 100__ Cotton consumption normal = 100.. Electric power production...normal = 100— Lumber production f —normal = 100.. Pig-iron production normal = 100.. Silk consumption normal = 100._ Steel ingot production! normal = 100— Wool consumptionf.. normal = 100.. Zinc production.. normal = 100— 87.1 79.8 112.1 65.8 45.7 96. 9 105.5 77.8 66.5 75.0 76.2 68.7 70.6 51.4 89.0 57.6 40.8 92.2 92.5 58.1 31.8 75.5 36.6 64.6 66.2 71.5 46.4 99.2 58.9 42.3 86.0 93.6 64.8 33.3 60.8 43.4 93.9 68.0 77.4 89.0 110.7 63.1 43.9 84.3 97.8 55.2 37.2 74.0 58.0 100.7 67.3 83.6 104.3 124.2 66.2 37.9 97.0 98.5 66.3 52.3 67. 1 70.0 126.8 64. 6 83.3 100.7 116.2 67.3 39.8 90.1 99.3 63.9 58.1 68.2 69.3 101. 0 i 65.9 81.5 102.1 116.8 66.8 43.1 82.5 98.8 60.0 54.4 70.1 62.3 102.7 64.6 80.6 98.7 117.1 63.4 47.6 78.9 98.7 61.6 50.9 68.3 58.8 129.7 67.2 79.3 75.8 116.5 61.5 49.4 81.7 99. 3 45.8 51.5 66. 7 58. 6 154.4 65. 0 79.5 83.6 101.2 63.1 52.1 74.8 102.2 52.5 49.3 61.8 57.1 125.3 70.6 80.7 83.5 113.1 58.4 45.9 80.7 103.5 64.1 50.0 64.0 58.3 140.0 71.9 82.7 66.1 106. 9 60.8 40.4 78.1 * 105.8 73.9 57.8 64.9 72.9 139. 7 71.3 « 83.6 46.8 111.7 62.5 43.0 87.4 1 105.2 80.8 61.8 74.5 77.0 125.9 69.5 INDUSTRIAL P R O D U C T I O N (F. R. B.) 74 75 88 Total, unadjusted 1923-25=100— 78 91 91 83 86 rii 84 73 73 91 76 Manufactures, unadjusted--1923-25=100— 91 87 86 83 26 114 37 141 86 48 Automobiles! 1923-25 = 100111 130 108 69 78 100 29 47 63 71 25 35 50 Cement 1935-25=10027 34 57 59 65 63 59 110 90 103 73 76 Food products - -1923-25 = 100.. 79 108 74 86 75 74 78 81 87 155 105 205 165 79 Glass, plate _. 1923-25=100.. 179 193 199 168 169 169 181 40 77 57 74 45 84 85 64 81 72 79 83 Iron and steelf—1923-25=100.. 93 99 89 111 110 '88 106 111 104 114 » 118 Leather and shoest -1923-25=100.. 30 29 26 29 25 Lumber 1923-25=100Paper and printing— 1923-25=100— 154 155 151 153 166 156 153 156 167 Petroleum refining 1923-25=100-. 160 173 169 73 92 106 95 80 103 81 102 Rubber tires and tubes 1923-25=100.. 110 96 14 19 27 12 12 22 88 69 71 64 51 Shipbuilding 1923-25=100— 92 108 95 91 97 92 100 100 106 101 99 v 116 105 Textiles... .._.. 1923-25= 100.. 128 127 143 124 129 115 136 121 128 152 Tobacco manufactures 1923-25= 100.. 150 139 148 91 < 92 * 79 85 90 87 84 84 97 85 Minerals, unadjusted 1923-25=100..! 82 65 71 72 45 65 61 68 85 36 Anthracite — 1923-25=10082 64 78 73 51 50 87 71 57 71 Bituminous coal 1923-25=100... 119 11 102 105 109 105 60 80 Iron ore shipments ..1923-25=100.. 56 57 57 49 52 60 66 57 70 56 57 58 62 Lead 1923-25-100.. 139 120 126 120 130 137 129 130 136 132 136 P141 123 Petroleum, crude 1923-25=100.. 68 50 38 54 49 62 50 46 59 74 70 55 39 Silver 1923-25=100.. 79 76 75 77 78 74 76 73 76 79 78 73 Zinc 1923-25 = 100.. 91 75 86 86 85 86 87 89 88 74 Total, fid justed 1923-25=100.. 85 90 74 86 84 84 87 88 86 72 Manufactures, adjusted 1923-25=100.. 40 88 104 86 64 110 100 95 89 103 106 41 Automobilesf.— 1923-25=100.. 45 48 42 55 44 51 58 52 52 47 45 47 46 Cement 1923-25=100.. 102 91 78 76 102 80 74 74 83 78 SI 77 107 Food products 1923-2.r)= 100— 140 174 83 169 193 179 185 162 167 155 166 183 87 Glass, plate 1923-25=100.. 65 80 49 69 87 84 67 66 81 66 80 72 41 Iron and steelf 1923-25 = 100.. 1 104 92 P102 107 102 107 103 113 103 108 108 113 85 Leather and shoest — 1923-25-100— 29 26 33 30 29 Lumber . 1923-25 = 100.. Paper and printing... 1923-25=100.. 154 168 172 153 151 155 160 155 153 153 168 Petroleum refining 1923-25=100 . 83 82 133 115 75 101 93 107 88 79 Rubber tires and tubes—1923-25 =10015 17 27 56 64 18 14 91 35 89 Shipbuilding -1923-25-10021 89 103 105 106 87 98 104 97 102 100 98 Textiles _ ..1923-25=100.. v 112 100 136 129 138 140 130 120 143 130 125 Tobacco manufactures 1923-25= 100_. 133 134 138 138 94 °87 87 84 81 81 97 81 Minerals, adjusted 1923-25=100 90 89 98 76 65 69 62 36 53 54 64 Anthracite 1923-25 = 100. 72 71 97 74 «58 60 55 58 65 87 65 Bituminous coal 1923-25 = 10072 69 79 62 50 54 35 14 53 Iron ore shipments 1923-25 = 100.. 53 59 59 60 56 55 63 Lead _ 1923-25 = 100.. 48 60 58 55 50 55 135 133 134 121 121 Petroleum, crude 1923-25=100.. 123 131 130 131 132 132 133 71 59 73 39 35 Silver 1923-25=10053 50 51 75 65 49 60 47 83 82 80 76 77 74 73 Zinc —1923-25=100. 71 74 73 75 79 • Revised. * Preliminary. f Revised series, refer to the indicated pages of the monthly issues for revisions; Annalist indexes complete, annually 1920-28, monthly January 1929-December 1932, October 1933, p. 19; Annalist Indexes, combined, automobile and steel ingot production for 1933, August 1934, p. 22; Annalist indexes, boot and shoe production for 1934, April 1935, p. 22; Annalist indexes, combined, automobile production and wool consumption revised for 1934, July 1935, p. 22; Annalist indexes, lumber production for 1934, p. 22 of the September 1935 issue; Federal Reserve Board indexes, leather and shoe production, January 1919-October 1933, January 1934, p. 19; automobile and steel production for 1933, September 1934, p. 22. 23 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 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 ber ary 1935 March April May June July August September BUSINESS INDEXES—Continued MARKETINGS Agricultural products* (quantity) 1923-26 - 1 0 0 Animal products 1923-25-100. _ Dairy products 1923-25-100.. Livestock 1923-25-100Poultrv and eggs 1923-25—100 Wool 1923-25-100Orops 1923-25-100.. Cotton 1923-25-100 Fruits..1923-25-100-. Grains. 1923-25=100Vegetables -...1923-25=100Agricultural products, cash income received from marketings of:*t Crops and livestock: Unadjusted . 1924-29-100.. Adjusted _1924-29=100 Crops, adjusted 1924-29=100_ . Livestock and products, adjusted 1924-29=100.. Dairy products, ad jus ted ..1924-29=100.. Meat animals, adjusted....1924-29=100._ Poultry and eggs, ad justed. 1924-29=100. _ 73 84 124 82 89 84 69 89 167 280 126 85 103 114 100 102 111 70 91 129 210 104 58 108 89 93 86 91 105 81 84 134 74 38 76 78 81 102 36 62 86 66 33 64 94.0 67.0 58.0 82.0 68.0 52.5 64.0 55.5 45.5 56.0 56.0 52.5 615 76.0 73.0 78.0 79.0 64.0 72.5 66.0 65.0 66.5 75.0 56.5 77.5 136 103 113 77 114 108 79 136 55 114 154 101 160 115 144 88 225 160 108 117 100 117 94 79 155 86 113 150 120 198 122 208 113 254 59 74 88 75 66 34 43 42 67 23 78 50 60 77 66 63 18 39 31 69 22 83 64 66 76 67 91 35 41 34 67 24 86 67 76 89 61 111 54 39 19 82 27 90 63 82 116 61 117 130 44 22 89 33 94 61 81 144 62 98 315 40 19 69 31 103 70 86 145 58 81 510 53 32 88 59 68 78 76 109 65 63 286 80 63 85 109 45 104 77 100 72 65 180 133 192 85 107 73 46.0 47.6 57.5 49.0 51.0 60.0 54.0 65.5 69.0 66.6 57.0 64.0 67.0 52.0 60.0 54.5 53.5 60.5 54.5 64.5 62.5 54.5 °75.5 63.5 55.0 59.5 73.5 49.5 63.5 64.0 77.5 68.5 61.0 66.0 80.5 69.5 65.5 66.0 75.0 63.5 66.0 72.0 81.6 67.6 74.0 71.5 77.6 67.5 78.0 66.5 73.0 69.5 77.5 67.0 71.5 61.5 77.5 70.5 71.0 73.0 68.0 "72.5 74.0 a 70.5 77.5 161 107 114 100 117 96 81 160 71 113 152 123 200 121 202 107 269 159 106 116 100 118 95 79 163 48 113 160 117 198 116 207 93 263 143 105 115 86 118 95 83 163 66 113 162 118 170 107 162 87 239 134 105 122 80 117 96 80 161 71 113 162 115 155 98 140 90 226 126 103 122 75 116 96 80 156 67 113 158 117 142 92 125 93 208 119 101 117 69 114 98 81 151 60 113 157 119 132 87 114 90 195 113 102 116 72 113 101 80 149 62 114 162 121 121 84 99 95 179 110 105 117 83 113 102 79 155 63 114 168 127 114 81 93 101 168 110 107 117 90 114 101 79 159 72 113 170 107 113 78 102 90 155 115 106 114 89 113 105 78 155 70 112 165 103 121 79 120 92 157 v 236 »361 P 229 *363 v 229 v 224 222 342 163 358 208 291 140 71 190 a 222 °338 a 223 "336 ° 219 * 334 "213 °332 «205 •350 v 209 «357 174 354 200 294 148 72 190 371 171 352 186 295 145 66 196 «342 191 363 210 273 153 79 211 150 361 215 310 142 94 171 162 361 205 306 153 93 161 151 363 211 320 162 80 162 158 356 201 295 155 80 166 148 375 211 275 161 69 163 136 391 177 259 147 63 172 147 384 179 246 139 64 174 53.0 STOCKS Domestic stocks 1923-25=100 Manufactured goods 1923-25= 100. _ Chemicals and allied prod. 1923-25=100__ Food products 1923-25=100. _ Forest products 1923-25=100. . Iron and steel products-__ 1923-25=100__ Leather _. .1923-25=100.. Metals, nonferrous ... _ 1923-25=100. _ Paper, newsprint 1923-25=100. . Rubber products 1923-25=100. _ Stone, clay, and glass 1923-25=100.. Textiles .1923-25=100 Raw materials .1923-25-100.. Chemicals and allied prod_1923-25=100__ Foodstuffs -1923-25 = 100. _ Metals 1923-25=100 Textile materials . ~ .1923-25=100 World stocks—foodstuffs and raw materials: Total f 1923-25=100 Coffee—adj. for seasonal.. .1923-25=100.. Cotton—adj. for seasonal... 1923-25 =100.. Rubber—adj. for seasonalt_1923-25=100__ Silk—adj. for seasonal—..,.1923-25=100 Sugar—adj. for seasonalf ..1923-25=100 Tea—adj. for seasonal 1923-25=100 Tin—unadjusted 1923-25-100. . Wheat—adj. for seasonal 1923-25=100.. P348 169 355 64 127 106 «120 87 114 107 79 148 63 114 «162 a 99 141 «98 136 96 186 210 v 346 P 159 « 369 194 226 136 57 188 COMMODITY PRICES COST O F LIVING (N. I . C. B.) Total, all groups Clothing Food Fuel and light Housing Sundries. .— .—1923=100— 1923=100—1923=1001923=100.. ....1923=100.. 1923=100- _ 83.9 74.4 85.2 86.2 72.7 93.4 80.9 77.5 79.1 87.5 66.4 92.8 82.4 78.0 83.3 87.1 67.9 93.0 83.2 75.4 85.4 86.0 68.7 93.0 109 132 94 104 82 101 125 120 103 102 108 107 99 98 109 74 110 137 108 97 102 114 90 111 117 162 92 111 105 103 117 105 115 117 156 92 162 80.5 166 75.8 164 79.7 87.6 87.4 86.3 168 81.3 86.3 83.5 74.3 84.8 84.7 72.1 93.1 FABM PRICES (Dept. of Agri.)§t Total, all groups Chickens and eggs Cotton and cottonseed Dairy products.. Fruits... Grains Meat animals Truck crops Miscellaneous 1909-14=1001909-14=100.1909-14=100— 1909-14=100— 1909-14=100.. 1909-14 = 1001909-14=1001909-14=100__ .1909-14=100- RETAIL P R I C E S Department of Labor indexes: Coal*.. 1913=100Food # % 1923-25=100.. Fairchild's index:* Combined index Dec. 1930=100Apparel: Infants' wear Dec. 1930=100.. Men's Dec. 1930=100.. Women's Dec. 1930=100.. Home furnishings Dec. 1930=100— Piece goods Dec. 1930=100.. 148 81.4 86.1 93.5 93.8 87.3 87.4 87.8 87.7 88.2 88.1 84 6 84.8 • Revised. * Preliminary. • New Series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products, p. 19 of the December 1932 issue, Fairchild price index, and pp. 19 and 20 of the March 1933 issue, marketings. § Data for November 15,1935: Total 108, chickens and eggs 140, cotton and cottonseed 99, dairy products 111, fruits 83, grains 90, meat animals 117, truck crops 136, miscellaneous 103. t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—revised total, rubber adjusted and sugar adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from January 1933June 1935. For revisions see p. 19 of the Sept. 1935 issue. # The data on retail prices of food until Aug. 15, 1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly figures for months subsequent to August 1933 represent the figure nearest to the 15th of the month. retail price? of coal was discontinued with the month of August 1935. In the future the price will be shown quarterly. • Monthly 1 This series has http://fraser.stlouisfed.org/ been completely revised. Revised indexes for other months have not yet been completed by the Department of Labor. They will be shown as soon s available. Federal Reserve Bank of St. Louis 92.6 87.2 89.1 89.0 84.8 94.4 87.7 89.5 88.9 86.3 93.6 87.3 87.7 87.9 85.1 24 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ary ber ber December 1935 1935 March April May June July August Septem ber COMMODITY PRICES—Continued WHOLESALE PRICES Department of Labor index: Combined index (784) 1926=100.Economic classes: Finished products 1926=100.. Raw materials 1926=100.. Semimanufactures 1926=* 100.. Farm products 1926=100.. Orains 1926=100.. Livestock and poultry 1926=100.. Foods —1926=100.. Dairy products 1926=100.. Fruits and vegetables. 1926=100.. Meats 1926=100.. Other products 1926=100.. Building materials 1926=100.. Brick and tile 1926=100.. Cement 1926=100.. Lumber 1926=100.. Chemicals and drugs 1926=100.. Chemicals 1926=100.. Drugsand pharmaceuticalsl926=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=100Other wholesale price indexes: Bradstreet's (96) 1926=100.. Dun's (300) .1926=100.. World prices, foodstuffs and raw materials:* Combined index 1923-25=100.. Coffee 1923-25=100.. Copper 1923-25=100.. Cotton 1923-25=100.. Rubber 1923-25=100.. Silk 1923-25=100.. Sugar 1923-25=100.. Tea-_ 1923-25-100.. Tin 1923-25=100.. Wheat _ 1923-25=100.. Wholesale prices, actual. (See under respective commodities.) 80.5 76.5 76.5 76.9 78.8 79.5 79.4 80.1 80.2 79.8 79.4 80.5 80.7 82.7 77.1 76.3 78.2 86.4 86.6 85.0 76.9 59.1 97.1 78.3 86.1 88.3 95.5 82.0 81.1 88.3 74.2 67.2 73.4 50.1 93.6 98.8 92.9 86.6 80.6 76.9 84.2 86.5 86.9 70.9 79.2 72.1 71.5 70.6 85.0 55.3 74.8 77.1 67.6 70.0 78.0 85.2 91.2 93.9 82.0 77.1 81.1 73.5 65.7 74.6 94.5 96.9 50.4 83.8 97.7 59.7 70.5 81.7 79.0 84.4 86.3 86.2 68.1 79.3 72.2 71.1 70.8 87.2 54.0 75.1 78.6 65.3 68.4 78.0 85.0 91.2 93.9 81.2 76.9 80.9 73.5 64.6 74.4 94.0 92.4 50.5 84.2 97.3 63.1 70.8 81.3 78.4 84.3 86.2 86.0 67.7 79.5 73.1 71.0 72.0 91.5 57.2 75.3 79.6 62.4 69.0 78.0 85.1 91.2 93.9 81.2 77.8 82.2 73.4 65.3 73.7 93.1 89.3 49.8 85.1 97.2 67.4 71.8 81.2 78.2 84.2 85.9 85.6 67.5 80.8 76.6 71.2 77.6 88.8 73.3 79.9 83.5 62.8 81.6 77.7 84.9 91.1 93.9 79.9 79.3 84.5 73.1 66.5 72.9 89.9 87.6 48.8 86.2 97.1 71.1 74.3 81.2 78.2 84.3 85.8 85.7 67.6 81.5 77.4 71.7 79.1 87.4 78.4 82.7 87.0 63.6 87.9 77.4 85.0 90.6 93.9 80.5 80.4 86.5 73.1 66.2 72.5 90.3 87.7 48.7 86.0 97.2 69.6 74.6 80.7 77.2 84.1 85.8 86.1 67.2 81.7 76.6 71.8 78.3 82.8 85.8 81.9 82.9 63.2 91.6 77.3 84.9 90.2 94.4 79.9 81.5 88.1 73.0 66.3 73.0 88.3 88.6 49.8 85.4 97.2 66.6 74.2 80.7 77.3 84.1 85.7 86.0 67.1 82.3 77.5 72.3 80.4 87.9 85.9 84.5 84.9 67.3 94.3 77.2 84.6 89.7 94.9 79.9 81.0 87.2 73.8 66.0 72.8 87.8 88.0 51.0 86.3 97.2 71.2 74.9 80.7 77.1 84.2 85.9 86.0 68.2 82.4 77.6 73.5 80.6 83.2 87.6 84.1 77.7 66.3 97.0 77.6 84.8 89.3 94.9 79.8 81.2 87.5 74.2 65.9 73.1 88.7 92.0 52.2 88.3 97.2 76.1 79.6 80.6 77.1 84.1 86.6 86.6 69.2 82.2 76.4 73.9 78.3 76.9 84.8 82.8 74.6 68.7 94.5 78.0 85.3 89.2 94.9 81.6 80.7 86.3 74.3 65.7 74.2 90 2 95.2 53.2 88.9 97.3 78.0 80.5 80.5 77.1 83.9 86.9 87.1 69.1 82.0 75.8 72.8 77.1 78.3 82.8 82.1 74.0 65.1 93.3 78.0 85.2 89.1 94.9 81.7 78.7 84.6 74.0 65.7 74.7 87.8 94.0 52.9 89.3 97.8 79.8 80.2 80.4 76.8 84.0 86.4 87.0 66.1 83.0 77.1 73.2 79.3 79.3 91.6 84.9 75.7 60.5 102.0 77.9 85.4 89.0 94.9 82.0 78.6 84.3 73.8 66.8 74.1 86.7 91.8 52.4 89.6 98.3 80.4 80.2 80.5 77.0 84.0 86.6 87.1 66.9 83.1 77.3 74.4 79.5 83.5 92.0 86.1 76.0 60.0 102.9 77.8 85.9 88.8 94.9 82.1 80.2 86.9 73.8 67.2 73.0 87.5 91.9 50.6 90.9 98.3 83.8 83.0 80.5 76.9 84.0 86.6 86.8 68.6 71.1 72.9 80.8 84.5 63.2 35.1 79.1 67.5 45.0 79.7 68.1 70.3 79.1 86.6 60.5 24.8 74.8 69.7 44.7 82.4 68.8 69.7 78.4 84.4 61.0 25.8 74.1 70.6 47.5 82.1 68.8 70.0 78.4 84.3 61.9 27.1 74.0 71.0 47.5 81.5 68.0 70.3 78.4 84.1 63.5 28.6 73.8 70.7 47.5 81.5 67.1 70.1 78.5 83.3 63.6 28.1 73.6 70.1 47.5 80.9 67.2 69.4 78.5 82.4 62.5 27.3 73.1 69.2 46.6 80.6 67.1 69.2 78.5 81.8 61.6 27.6 73.1 68.7 46.3 80.4 67.1 69.4 78.5 82.7 60.4 27.6 73.5 68.7 45.0 80.0 66.2 70.1 80.7 82.5 59.5 27.2 75.6 68.4 45.0 79.7 68.8 70.2 80.7 82.0 59.9 27.9 76.4 67.7 45 0 79.7 71.1 70.9 80.5 82.5 60.2 31.0 76.4 67.3 45.0 79.7 71.1 71.8 80.8 83.2 61.6 32.9 76.9 67.1 45.0 79.7 79.6 94.7 71.8 89.1 71.9 90.2 73.5 91.8 75.7 93.7 75.8 93.7 74.8 91.4 75.8 93.4 76.7 92.4 76.2 90.7 76.8 90.9 77.5 90.6 78.8 94.1 53.0 43.5 64.9 41.2 29.7 29.1 67.8 77.0 101.9 62.7 48.3 55.9 63.5 46.0 32.7 16.6 49.9 66.6 101.3 48.8 48.2 54.9 63.5 46.3 30.5 18.0 50.9 64.5 101.9 48.3 48.9 55.4 63.5 46.7 30.3 19.0 51.1 61.3 101.2 51.4 47.9 54.4 63.5 46.7 30.7 18.8 47.4 61.4 101.2 49.8 47.6 50.9 63.5 46.3 30.1 20.0 49.6 62.1 99.4 48.3 46.8 46.0 63.5 42.3 26.8 18.5 53.1 61.7 93.3 51.0 48.2 43.5 63.5 43.0 26.9 19.4 58.4 65.8 99.7 50.9 49.5 42.0 63.5 45.2 28.1 19.8 59.4 65.3 101.7 53.4 48.5 41.0 62.4 43.8 29.3 19.2 60.3 61.0 101.6 50.2 48.5 40.5 56.3 44.9 28.3 20.2 58.6 65.1 104.0 51.2 48.8 40.0 57.7 42.3 28.0 23.8 59.6 66.3 100.3 54.7 50.3 42.5 61.6 39.7 26.9 26.1 64.8 77.1 97.6 58.0 125.2 117.4 135.0 121.4 131.6 129.5 144.1 125.8 131.6 130.4 145.6 125.9 13a 9 131.1 145.6 125.9 127.7 126.4 137.4 124.7 126.6 122.9 132.5 123.6 126.9 123.2 136.1 123.6 125.8 120.8 132.5 122.4 125.6 120.8 136.1 122.9 126.3 121.8 141.4 123.2 126.9 123.2 144.1 123.3 125.2 122.5 138.7 122.7 124.8 120.9 137.4 122.0 PURCHASING POWER OF THE DOLLAR • Wholesale prices Retail food prices Farm prices t Cost of living .1923-25=1001923-25=100.. 1923-25=100.. 1923-25=100.. CONSTRUCTION AND REAL, ESTATE CONSTRUCTION CONTRACTS AWARDED Contracts awarded, F. R. B.: X 39 32 24 40 44 22 35 30 Total, unadjusted 1923-25=100-. 29 28 26 25 26 •25 22 25 25 24 Residential1923-25-10012 13 25 11 10 16 10 •43 28 30 27 27 35 38 Total, adjusted 1923-25=100.. 46 31 31 27 26 31 21 25 24 •25 Residential 1923-25=100.. 14 18 25 12 12 12 16 11 24 F. W. Dodge Corporation (37 States):A Total, all types: 10,499 10,930 10,655 10,012 10,570 10,450 9,978 6,135 8,929 7,503 6,458 Projects number.. 11,386 5,770 167,376 Valuation thous. of dol— •200,596 135,225 111, 692 92,685 99,774 75,047 122,941 124,020 126,720 148,005 159, 250 168,557 Nonresidential buildings: f 3,325 3,177 3,534 3,059 3,307 3,388 2,695 2,349 2,778 3,319 2,526 3,103 2,169 Projects number.. 8,602 7,875 4,934 5,622 6,994 7,774 9,073 9,075 8,288 9,632 7,255 4,985 Floor space. _ thous. of sq. ft— 10,826 49,420 32,958 30,613 41,328 50,433 59,036 56,969 58,489 Valuation thous. of d o l - •59,180 43,686 39,440 28,067 44,477 • Revised. * New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World prices, p. 20, September 1932; Purchasing Power of the Dollar (except for farm prices), p . 18, August 1933. t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue. Farm prices (purchasing power) are on p. 20 of the April 1935 issue. * A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p . 19 of the August 1934 issue and for 1934 on p . 19 of the October 1935 issue. t Indexes are based on 3-month moving average of F . W. Dodge data centered at second month. 25 SURVEY OF CURRENT BUSINESS December 1935 Monthly statistics through December 1931, 1935 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 1934 No v e m b e r " 1935 De c e m b e r - January ary March April May June July AUgU9t September CONSTRUCTION AND REAL ESTATE—Continued CONSTRUCTION CONTRACTS AWARDED—Continued F. W. Dodge Corporation (37 States)—Con. Public utilities:* 223 Projects numberValuation thous. of dol-. 11,198 Public works:# 1,614 Projects numberValuation thous. of dol-. 75,117 Residential buildings: 6,230 Projects number.. Floor space... thous. of sq. ft.. 16,764 Valuation thous. of doL. 55,100 Engineering construction:1 Total contracts awarded (E. N. R.) thous. of doL. 182,631 122 3,885 161 6,475 158 7,319 132 5,419 138 9,146 199 13,828 182 4,422 176 12,493 945 37,156 156 8,707 876 35,699 700 23,933 39,779 926 33,170 923 25,967 1,087 29,991 1,050 40,083 1,358 65,118 1,422 63,653 3,346 5,314 19,910 2,491 4,048 14,551 2,900 5,528 22,410 2,964 4,569 16,617 4,732 8,809 32,209 6,098 11,925 42,203 6,267 13,136 44,902 6,166 13,702 49,833 6,356 13,115 48,372 5,808 11,753 40,528 5,602 12,152 41,811 90,501 134,148 101,419 148,264 68,089 90,958 116,972 122,827 110,161 86,873 158,057 114,840 5,082 3,760 3,619 3,101 6,301 4,336 3,271 2,356 2,331 1,683 2,541 1,978 1,706 826 2,250 1,111 2,129 1,508 3,303 2,381 3,052 2,395 4,663 3,766 2,845 43,654 2,892 46,851 3,320 58,065 3,367 87,573 3,561 59,385 3,193 51,509 2,643 40,622 1,427 26,004 876 20,048 559 14,221 402 11,984 179,453 160,775 6,093 7,879 156,599 139,017 5,399 7,280 147,807 131,388 4,714 6,911 145,639 130,660 4,146 6,836 155,448 140,060 4,031 7,166 170,756 154,988 4,103 7,916 187,675 171,294 4,093 8,804 191,522 175,478 4,110 9,121 185,044 168,816 3,815 8,530 170,846 155,739 3,261 7,881 149,047 136,399 2,334 6,386 126,211 114,867 2,020 5,031 158 181 158 181 158 180 158 180 158 179 158 158 178 157 177 174 201.4 201. g 198.7 196.0 194.1 194.8 157 175 195.2 157 175 200.9 158 178 194.5 195.1 195.1 12,642 252 8,496 165 12,911 1,918 52,598 1,210 43,847 4,271 7,015 26,300 HIGHWAY CONSTRUCTION Concrete-pavement contract awards: 6,816 Total thous. of sq. yd.. Roads only -thous. of sq. yd.. Highways: Approved for construction (N. I. R. A.)* 295 Mileage number of miles.. Public works funds allotted.thous. of dol-. 10,100 Under construction (2V. /. R. A.):* Estimated total cost thous. of dol— 102,246 Public works funds allotted.thous. of dol.. 92,885 1,328 Federal aid funds allotted-thous. of dol.. 3,706 Mileage number of miles.. CONSTRUCTION COSTS Building costs—all types {American Appraisal Co.)*.. 1913=100Building costs—all types (A. Q. C.) -1913 = 100Building costs—all types (E. N. !?.)§ 1913=100.. Building costs—factory (Abcrthaw) 1914=100- 173 195.1 177 178 194.3 177 177 177 MISCELLANEOUS DATA Fire losses, United States thous. of doL. 19,786 Foreclosures** number.. 14,398 Real estate: Home loan bank, loans outstanding* thous. of dol.. 95,595 Home Owners' Loan Corp.:* Applications received number.. Loans closed: Number _ 14,601 Amount thous. of doL- 43,945 18,500 17,249 19,294 15,835 18,137 14,964 16, 642 14,470 75,836 79,233 80,877 86,025 90,432 2,914 140,795 13,593 41,236 13,142 40,558 13,413 41,570 14,623 44,775 » 12,892 » 41,181 18,236 16,723 20,114 16.940 23,896 17,736 23,431 18,055 25,082 15,455 24,943 17,943 23,268 17,441 21,238 17,441 87,446 87,714 87,258 82,585 77,142 72,616 74,011 35, 675 »13,913 65,813 54,468 201, 212 170,545 54,036 169,019 54,990 166,836 36,542 104,920 23,140 70,6R4 13,807 39,475 DOMESTIC TRADE ADVERTISING Printer's Ink indexes (adjusted for seasonal variation):* Combined index 1928-32=100«79.4 74.0 74.9 •80.2 •78.7 79.0 75.6 •74.8 «79.0 •79.8 •74.7 •81.6 °76.6 Farm papers. 1928-32=10069.8 61.5 53.6 52.1 56.1 45.5 51.8 48.6 57.7 64.6 65.5 63.9 58.8 Magazines 1928-32=10074.4 75.1 78.1 77.9 73.4 77.8 77.7 80.1 80.9 81.8 77.1 78.8 78.4 Newspapers _1928-32=10075.5 77.9 72.1 75.3 75.4 73.5 73.2 77.0 78.7 80.4 78.6 76.1 77.2 Outdoor 1928-32=100°52.4 59.5 49.1 39.1 48.2 •46.9 •48.9 «62.9 «61.2 •59.4 •58.9 «63.2 «63.4 184.5 Radio 1928-32=100185.2 178.1 176.9 181.5 189.5 186.3 179.6 168.1 169.8 182.5 182.1 188.2 Radio broadcasting: 4,822 4,412 4,451 4,646 3,448 3,119 4,363 4,289 2,900 Cost of facilities, total —thous. of d o l - 4,849 •4,528 3,250 3,979 244 Automotive thous. of dol— 722 544 299 380 408 363 398 333 312 186 275 215 1,096 Drugs and toilet goods thous. of dol— 1,351 1,497 1,460 1,513 1,610 1,552 1,607 1,450 1,298 967 1,196 1,097 911 Foods _ thous. of dol— 1,193 1,218 1,259 1,279 1,303 1,197 1,300 1,079 1,139 876 912 897 313 Petroleum products thous. of dol— 384 318 325 289 273 216 281 282 272 302 262 311 184 Tobacco manufactures thous. of dol— 370 316 302 319 321 293 306 336 280 183 284 188 500 All other* thous. of dol— 829 •634 720 671 730 791 929 809 680 387 518 413 Magazine advertising: 7,798 12,142 11,004 7,074 8,938 6,530 9,646 11,973 8,852 12,754 10, 745 10,335 Cost, total _ thous. of dol— 10,245 832 Automotive thous. of dol— 686 761 573 362 829 855 1,462 1,678 1,641 1,005 1,023 1,555 1,454 1,957 2,146 2,310 1,819 1,452 2,503 2,598 2,436 2,185 2,017 1,616 1,464 Drugs and toilet goods.-—thous. of dol— 1,296 Foods thous. of dol— 1,690 1,961 2,025 1,636 1,072 1,827 1,733 1,680 1,636 1,556 1,380 1,100 220 Petroleum products thous. of dol— 192 169 252 180 103 158 226 368 329 344 292 284 525 Tobacco manufactures thous. of d o l 526 500 497 539 406 532 621 581 489 595 563 484 4,523 All other* thous. of dol.. 5,197 5,206 4,676 4,401 2,668 3,768 5,333 6,011 5,862 4,938 2,941 2,719 1,812 Lineage, totalf--.thous. of lines— 2,181 2,264 2,317 2,136 1,581 2,014 2,276 2,700 2,618 2,335 1,831 1,497 • Revised. * New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N. I. R. A. 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. Home Owners' Loan Corporation data from September 1933 to April 1934 will be shown in a subsequent issue. Total loans closed to October 31,1935, $2,838,085,783. Printer's Ink indexes from January 1922 to M a y 1934 appear on p. 19 of July 1935 issue. Data prior to May 1934 on "all other" radio and magazine advertising not published. See special note below on foreclosures. t Revised series. See p. 20 of the October 1933 issue, magazine lineage. § Index as of November 1,1935,194.9. • Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States; having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933, 209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the figures for these months are from a slightly different number of communities, » Receipt of applications stopped on Nov. 13, 1934, and was not resumed until May 28,1935. # Those series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of th t September 1933 issue. 1 Months of November 1934 and January, May, August, and October 1935 include 5 weeks; other months include 4 weeks. 4 31476—35 26 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ary ber ber December 193o 1935 March April May June July August September DOMESTIC TRADE—Continued ADVERTISING—Continued Newspaper advertising: Lineage, total (52 cities) •.—thous. of lines- 117,427 Classified thous. of lines— 20, 658 Display thous. of lines.. 96,769 Automotive .thous. of lines.. 5,714 Financial thous. of lines.. 1,983 General thous. of lines.. 20, 775 RetaiL. thous. of lines.. 68,297 112,803 115,854 19,844 20,174 92,960 95,680 7,467 8,978 1,894 1,614 20, 313 20, 504 63,286 64,584 102, 210 20,061 82,149 8,426 1,642 18,042 54,038 87,363 18, 299 69, 064 6,415 1,926 16,862 43,861 89,997 19, 266 70, 731 5,281 1,280 14, 459 49, 712 101,347 20,155 81,182 2,910 1,454 16, 629 60, 200 63. 1 62.3 63.0 "63.1 62.8 2, 318 2,329 2,179 2,142 2,057 1,994 643,044 632,507 669,749 677, 232 728,600 761, 385 3,625 33,812 3,911 36,834 3,805 36, 700 3,714 35, 237 3,552 33,807 3,512 34.607 3,428 33,812 3, 359 33,417 11,916 90,710 2,217 10,777 82,717 2,148 12,822 95,674 2,579 12,444 94, 393 2,415 12,177 92.975 2,149 12,023 87,441 2,238 11,358 89,525 2,052 11,071 88,997 2,479 10,915 88,703 25,827 3,112 24,118 2,907 27,313 3,049 26, 775 3,110 27,365 3,222 24,679 2,829 23,123 2,866 24,162 2,901 25,035 2,815 108,810 18,605 90, 205 3,917 1,653 22, 039 62, 595 106,999 17,414 89, 585 3,592 1,285 19, 095 65,614 105,669 17, 389 88,280 3,920 1,432 13, 482 69, 446 63.2 65.7 67.1 2,140 2,092 2,106 2,608 580,239 516,205 581, 405 508,804 3,915 36, 639 4,394 34,306 4,040 38,328 3,780 36,429 12, 620 111,756 1,985 12,049 102,390 2,267 13,142 101, 699 5,567 27, 527 3,106 25,825 2,825 33,164 3,930 88,055 15, 781 72,274 6,260 2,083 14, 989 48,942 85,430 15, 323 70,108 4,183 1,450 16,939 47, 535 110,067 19,490 90, 577 5,560 2,052 20, 215 62, 751 65.2 64.5 63.6 2,159 2, 356 GOODS IN WAREHOUSES Space occupied, public merchandise in warehouses ..percent of total NEW INCORPORATIONS Business incorporations (4 States)..number.. POSTAL BUSINESS Airmail, pound mile performance* thous. of lb. Money orders: Domestic, issued (50 cities): Number thousands.. Value thous. of dol— Domestic, paid (50 cities): Number.. thousands._ 13,631 Value thous. of dol 108, 905 Foreign, issued—value .thous. of doL. Receipts, postali 50 selected cities thous. of dol_. 29,354 50 industrial cities thous. of dol. 3,292 RETAIL TRADE Automobiles:* New passenger car sales: a Unadjusted _. 1929-31 = 100.. j 89.1 116.7 98.4 104.9 80.2 47.3 100.2 27.7 39 2 51.5 72.7 50.1 Adjusted... 1929-31 = 100-! 70.0 81.0 59.0 63.0 49.0 75.0 86.5 94.5 71.5 78.5 ° 51. 0 78.5 Chain-store sales: \ Chain Store Age index:*! j Combined index (18 companies)! ! 92 av. same month 1929-31=100—' 96 100 92 94 90 100 93 Apparel index (3 companies)! av. same month 1929-31=100.. 104 110 100 101 99 101 101 102 99 105 «107 Grocery (5 companies)! av. same month 1929-31=100.. 93 89 89 91 90 92 "94 85 85 86 Five-and-ten (variety) stores:* Unadjusted 1929-31=100.. 82.0 92.9 86.0 86.1 93.8 79.3 163.9 75.8 78.1 87.7 91.3 92.9 67.2 Adjusted 1929-31=100.. 92.1 92.4 90.6 86.0 90.7 90.8 93.0 91.8 90.0 88.9 90.2 91.5 H. L. Green Co., Inc.:* Sales . thous. of dol.. 2,049 2,384 2, 229 2,158 2,476 1,981 2,157 2,327 4,446 2,088 2,289 1,609 1,557 132 Stores operated number.. 132 131 137 132 134 129 133 130 130 128 130 128 S. S. Kresge Co.: Sales „ thous. of dol_. 11,925 10,004 10,872 11, 048 11,518 11,499 10,328 10,758 10,148 11,285 21,213 8,488 8,975 Stores operated ..number.. 741 734 736 735 728 734 737 ! 737 731 731 732 732 735 S. H. Kress & Co.: 5,700 5,884 Sales .thous. of dol.. 6,441 5,934 6, 586 5,472 5,946 6,138 6,367 6,182 12,412 4,762 4.9G8 Stores operated.. _.number.. 232 233 232 232 234 233 233 230 232 232 232 232 232 McCrory Stores Corp.: 2,612 2,493 3,027 2,817 2,654 3,017 2,777 2,479 Sales.. thous. of dol— 2,658 5,526 2,148 2,667 2,317 205 205 205 205 202 201 194 202 Stores operated number.. 194 194 205 205 207 G. C. Murphy Co.: 2,420 2,584 2,354 2,865 2,576 2,481 2,513 4,471 1,891 2,266 2, 351 2,426 Sales thous. of dol.. 1,803 186 188 189 184 186 186 186 Stores operated.. number.. 186 185 188 188 188 186 F. W. Wool worth Co.: 22,382 21,050 21,113 20,169 21, 556 20, 243 39,566 22,332 18, 219 20,483 17,148 Sales thous. of dol.. 23, 383 23,304 1,962 1,965 1,960 1,965 1,971 1,954 1,978 1,954 1,960 1,973 1,956 1,956 Stores operated number.. 1,955 Restaurant chains (3 companies): 3,117 3,195 3, 465 3,725 3,562 3,458 3, 335 3,369 3,766 3,193 3,444 3,418 Sales ..thous. of dol— 3,566 358 357 359 353 356 368 358 355 359 367 365 361 Stores operated number359 Other chains: W. T. Grant <c Co.: f 7,663 6,732 7,822 7,430 7,654 6,276 8, 365 6,726 14,212 6,953 7,494 5,571 5,166 Sales thous. of dol__ 469 469 467 470 470 462 470 465 466 464 465 465 Stores operated. number.. J. C. Penny Co.: 15,915 16,980 17,929 17, 873 17,597 18, 811 29,300 21, 242 12,039 15, 507 21,381 12,905 Sales thous. of dol.. 24,033 1,478 1,478 1,478 1,478 1,479 1,480 1,481 1,469 1,474 1,474 1,474 1,474 Stores operated. .-.number.. 1,473 Department stores: Collections:* Installment account 17.1 15.4 17.4 16.1 16.3 16.2 percent of accounts receivable17.1 16.5 16.4 16.3 16.7 18.0 Open account An o 44.2 43.2 44.1 43.9 43.9 41.1 40.6 percent of accounts receivable.. 44.3 41.6 45.7 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. Data prior to October 1933 on collections not published. Data are currently being received from about 400 storas 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. fRevised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined index and grocery index of Chain Store Age were revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue. 1 Monthly data from January 1932 through June 1935 are on page 20 of the July 1935 issue. •The New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement and monthly issues prior to December 1934. 27 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 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 ber ary 1935 March April May June July August September D O M E S T I C TRADE—Continued RETAIL TEADE—Continued Department stores—Continued. Sales, total value, unadjusted A, 1923-25 = 100.. 86 Atlanta*..1923-25=100.. 98 Boston 1923-25 = 100.. 83 Chicago*!..„ 1923-25 = 100.. 86 Cleveland* 1923-25 «100-. 79 Dallas*.. .1923-25=100.., 92 Kansas C i t y . - 1923-25 = 100..| 90 Minneapolis* 1929=100..! 94 New York* 1925-27=100... j 87 Philadelphia* ..1923-25=100. _ 67 Richmond 1923-25 = 100.. 117 St. Louis 1923-25=100.. 80 San Francisco* 1923-25=100.. 88 Sales, total value, adjusted«_1923-25=10077 Atlanta*.__ .....1923-25=100.. 82 78 Chicago*!--—.1923-25=10075 Cleveland*.. .1923-25=10080 Dallas*.... 1923-25=100.. Minneapolis* 1929=100.. 79 New York* 1925-27=100.. 77 Philadelphia* . 1923-25=100. . 75 San Francisco* 1923-25=100.. 86 Installment sales, New England dept. 10.2 stores, ratio to total sales percent.. Stocks, value, end of month: 72 Unadjusted 1923-25=100.. Adjusted 1923-25 = 100-. 66 Mail-order and store sales: Total sales, 2 companies thous. of dol__ 79,945 Montgomery Ward <e Co.-thous. of dol._ 35,897 f Sears, Roebuck & Co thous. of dol._ 44,048 Rural sales of general merchandise:* 127.6 Unadjusted 1929-31 = 100.. Adjusted 1929-31 = 100104.6 82 91 82 79 71 85 81 85 88 72 69 73 54 79 61 70 47 62 56 70 61 55 60 46 64 53 67 75 80 79 68 83 73 72 56 80 71 84 60 75 68 80 73 74 65 59 87 68 72 82 91 83 79 86 79 77 66 79 79 88 69 81 78 80 74 78 74 65 98 67 81 73 84 76 69 80 72 74 65 83 76 84 69 78 74 78 72 76 71 63 98 69 77 76 84 76 69 75 76 75 64 80 76 75 68 76 75 74 70 76 74 66 95 64 76 80 84 78 78 81 78 77 69 86 9.2 9.3 7.8 7.2 8.2 57 64 61 64 65 63 66 64 66 64 76,631 34, 684 41,947 41,194 17, 418 23, 776 41,573 17,905 23,668 54, 763 22, 783 31,980 59,644 25, 571 34,073 134.2 94.5 72.6 87.5 82.0 90.6 90.6 97.4 97.0 101.0 112 74 81 73 76 72 67 74 72 77 63 78 91 73 78 74 92 78 76 89 70 102 78 83 74 80 71 70 79 77 76 58 81 135 146 122 126 122 146 129 117 137 115 172 117 144 78 86 75 74 89 78 78 65 83 59 61 58 61 58 60 55 61 58 44 65 53 66 74 8.5 7.3 4.7 71 64 74 65 60 64 64,134 29, 704 34,430 60, 595 26,901 33,694 108.7 89,1 110.4 89.8 72 77 76 77 a 61 °55 63 49 56 65 59 55 54 54 46 68 50 68 80 90 78 72 84 71 72 62 83 77 52 68 61 64 70 70 58 49 78 59 80 «78 98 85 73 88 80 76 65 82 6.7 9.2 14.5 10.7 61 63 56 61 60 62 67 64 58,105 22, 915 35,190 58,953 23,822 35,131 49, 887 20, 293 29,594 52,402 22, 849 29, 553 59,474 25,173 34,301 87.6 93.1 94.2 99.7 74.7 97.0 79.8 92.8 103.7 104.8 91 72 81 78 97 85 84 83 71 87 ° 81 97 79 75 92 77 81 72 84 EMPLOYMENT CONDITIONS AND WAGES EMPLOYMENT Factory, unadj. ( £ . L. & ) * § — 1923-25=10081.8 82.5 79 7 78.4 85.3 81.2 83.5 76.9 78.1 78.8 81.3 82.5 79.6 Durable goods group*§ 1923-25=100-. 71.2 62.9 74.9 62.3 64.4 66.2 69.4 71.0 71.8 71.4 69 7 70.5 69.4 Iron and steel and products. 1923-25=100— 74.7 66.0 76.3 66.2 66.6 67.8 70.7 71.8 72.2 72.4 71.8 73.2 71.3 Blast furnaces and steel works 1923-25=10074.4 72.4 65.4 75.4 65.9 69.4 73.7 73.6 66.9 72.9 74.0 73.7 71.7 Structural and metal work 56.0 1923-25=10055.3 58.6 55.0 56.0 57.9 56.9 57,6 57.1 59.0 57.9 63.8 55.9 Tin cans, etc 1923-25=100.. 105.4 93.9 100.5 89.6 85.5 85.4 86.4 85.0 88.3 90.4 104.0 96.0 100.0 Lumber and products .1923-25=100.. «57.0 49.5 57.3 48.6 47.8 49.4 50.6 47.1 51.7 50.9 55.3 48.9 51.9 Furniture 1923-25=10076.3 66.5 77.9 65.2 65.0 66.9 69.1 64.1 68.6 67.0 73.4 67.1 69.1 Millwork.— 1923-25 = 100.. 50.1 36.3 49.5 36.3 36.7 37.9 38.3 35.9 39.7 40.7 47.5 41.9 44.8 Sawmills 1923 25 = 100.. "37.4 33.9 37.5 32.8 31.6 32.7 33.5 30.9 34.8 34.0 36.6 30.9 33.9 Turpentine and rosin 1923-25=100.. 100. 5 89.3 100.3 92.4 92.9 96.3 99.7 95.6 99.2 99.0 99.1 98.9 98.9 Machinery 1923-25=100.. 91.1 77.9 93.3 77.9 78.5 82.1 84.1 79.6 85.1 84.5 87.3 84.2 85.6 Agricultural implements J 923- 25= 100.. 118.5 72.9 116.6 79.6 83.8 92.7 101.3 89.6 97.0 97.0 117.8 110.6 116.7 Electrical machinery, etc. 1923-25= 100.. 73.3 65.0 75.3 65.4 65.6 67.5 69.2 65.9 70.9 70.7 70.4 69.6 69.6 Foundry and machine-shop products 1923-25=100.. 76.0 76.8 74.3 72.8 66.4 69.2 74.0 73.4 72.0 73.5 73.8 66.0 66.8 Radios and phonographs. 1923-25=100.. 254. 9 284.2 222.8 214.5 207.9 191.4 186.0 189.0 182.4 213.8 168.0 165.5 185.0 Metals, nonferrous§ 1923-25 = 100. 86.9 92.1 77.2 78.2 79.2 78.3 81.6 83.0 83.4 82.0 82.9 81.8 80.2 Aluminum manufactures§ 1923-25=100. 79.1 85.2 73.2 73.8 73.5 72.3 76.8 79.0 78.7 75.5 78.3 76.2 74.6 Brass,bronze, copper prod-1923-25=100. 81.8 86.8 71.0 72.0 74.0 75.4 80.8 82.0 81.8 78.2 80.8 78.9 77.4 Stamped and enameled ware§ 1923-25 = 100.. 100.2 102.5 100.4 109.1 101.9 112. 7 93.8 105.4 108.4 99.6 106.9 92.7 97.8 Railroad repair shops 1923-25=100.. 52.6 55.1 53.9 51.6 52.0 51.6 52.9 53.6 52.9 52.8 53.6 53.8 53.5 64.6 Electric railroad 1923-25=10064.5 65.1 65.7 65.5 65.3 65.9 65.8 65.6 65.3 65.7 65.6 65.2 51.7 Steam railroad 1923-25=10054.4 53.1 50.5 51.0 50.6 51.9 52.7 52.0 51.9 52.7 52.9 52.6 Stone, clay, and glass products 53.2 55.8 55.7 55.9 56.7 1923-25 = 10052.2 55.0 54.7 47.2 49.6 51.5 51.9 50.1 34.0 Brick, tile, and terra cotta. 1923-25=100.. 35.3 29.9 29.9 28.0 24.8 25.7 27.6 27.6 33.8 29.6 32.1 32.9 51.9 Cement. 1923-25 = 100.. 52.9 50.7 48.2 41.6 37.2 37.8 41.6 50.0 53.8 57.0 60. 1 57.5 95.8 Glass . 1923-25 = 100.. 97.5 86.1 88.5 87.4 86.5 91.7 93.7 94.2 95.7 94.8 95.2 92.7 75.8 Transportation equipment. 1923-25 = 100.. 92.5 64.2 62.2 78.4 92.4 100.9 103.6 104.8 83.5 102.7 93.7 87.2 84.0 Automobiles 1923-25 = 100. . 105.0 68.7 67.1 88.9 108.1 117.5 119.5 119.9 95.1 116.4 107.2 100.6 33.5 Cars, electric and steam, 1923.25=100.. 40.0 36.6 32.4 34.0 34.2 43.6 52.2 59.1 32.2 60.3 48.2 31.7 76.1 Shipbuilding 1923-25=100.. 81.5 71.2 69.3 68.5 68.3 72.8 74.9 74.6 72.4 76.4 66.2 71.3 a 96. 7 Nondurable goods group*§.. 1923-25=100 . 96.4 95.0 92.5 92.8 92.3 94.1 94.9 94.1 94.0 91.7 90.4 90.6 110.7 Chemicals and products...1923-25 = 100.. 113.2 109.4 108. 6 108.8 108.4 109.4 112.7 111.5 107.9 108.0 107.2 106.8 108.0 Chemicals.. .1923-25 = 100.. 108.9 106.5 104.4 103.9 103.0 102.8 103.4 106.9 107.7 107.1 108.1 109.0 99.5 Druggists' prep ..1923-25=100.. 101.6 106.8 105.5 102.8 101.3 102.4 98.9 98.9 97.3 96.8 95.8 95.1 106. 7 Paints and varnishes 1923-25=100.. 109.2 99.6 99.7 99.5 98.7 102.2 104.2 109.2 105.5 112.6 112.5 108.6 • Revised. • New series. For earlier data on department store sales by Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago, for which see note below. Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexes are computed by the Federal Reserve banks. For districts not marked with an asterisk the series are as published in the 1932 Annual Supplement and subsequent issues. See p. 20 of the December 1934 issue for rural sales for period January 1929 to October 1934. For earlier data on factory employment unadjusted in detail, see p. 16 of the June 1934 issue. See p. 19 of the July 1934 issue for factory employment unadjusted total. Data on employment in the durable and nondurable goods groups for the period January 1923-June 1935 are Fhown on p. 19 of the August 1935 issue. t Revised series. See p. 19 of the April 1935 issue department store sales Chicago. A This series was shown on p. 20 of the June 1935 issue from 1919 through April 1935. • The adjusted index of department store sales (total value) was revised by the Federal Reserve Board for the years 1929 through 1934. Revised indexes for this period were shown on p. 20 of the June 1935 issue. § Data have been revised for the period January 1933-August 1935. Revisions not shown in the November 1935 issue will appear in a subsequent issue. SURVEY OF CURRENT BUSINESS 28 1934 Monthly statistics through December 1931, 1935 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 ary ber ber December 1935 1935 March April May June July August September EMPLOYMENT CONDITIONS AND WAGES—Continued EMPLOYMENT—Continued Factory unadjusted—Contd. Nondurable goods group—Continued. Chemicals and products—Continued. Petroleum refining 1923-25 =* 100. _ 111.2 112.9 108.3 109.0 107.3 107.9 108.3 111.2 111.9 110.8 112.2 110.6 110.1 Rayon and products 1923-25=100. _ 356.8 334.9 326.9 327.9 325.9 340.3 353.6 307.0 320.8 329.5 338.0 346.8 348.9 Food and products 1923-25=100.. 94.7 95.1 98.0 104.3 109.9 «116.0 107.2 119.5 109.0 103.8 94.4 93.8 92.7 Baking 1923-25=100.. 111.8 114.2 111.5 112.7 111.7 114.6 114.6 116.1 115.4 115.4 106.7 111.3 110.9 Beverages 1923-25=100.. 156.0 161.6 178.5 170.0 171.9 179.0 162.9 168.2 151.9 148.7 144.6 145.7 151.3 Slaughtering, meat packing 1923-25=100.. 87.2 81.5 79.7 117.6 105.5 80.6 80.4 109.3 94.3 82.9 81.4 79.4 78.9 Leather and products 1923-25=100.. 91.5 86.7 87.3 83.0 90.1 •88.8 86.6 83.4 81.6 84.8 88.3 91.6 92.7 Boots and shoes 1923-25=100— 90.8 85.2 80.6 85.8 89.1 •87.3 84.0 82.3 79.8 82.9 87.0 90.7 92.1 Leather 1923-25=100.. 94.5 93.2 93.5 92.8 94.4 95.2 97.0 88.2 89.2 92.7 94.0 95.6 95.5 Paper and printing... 1923-25=100.. 96.9 96.5 95.5 95.6 •97.3 95.9 98.3 96.4 96.8 97.5 95.6 96.7 96.9 Paper and pulp 1923-25=100.. 109.8 109.9 108.9 109.2 109.1 108.8 109.1 106.6 106.9 107.4 106.8 108.7 109.7 Rubber products § 1923-25=100. _ 82.4 78.3 81.1 83.6 79.1 80.9 83.1 78.7 77.9 80.2 83.1 84.5 84.2 Rubber tires and tubes.. 1923-25=100. _ 74.9 73.6 70.3 70.3 69.7 72.9 71.0 69.4 68.7 71.9 74.7 75.3 75.1 Textiles and products 1923-25=100.. 95.9 97.2 93.5 90.4 87.8 92.9 97.8 92.3 90.9 92.8 95.2 98.4 99.2 Fabrics 1923-25=100.. 93.3 92.1 91.0 87.5 89.9 89.4 94.6 89.7 89.7 94.0 95.8 97.2 96.4 Wearing apparel. 1923-25=100.. 100.5 101.8 95.3 84.4 96.0 88.6 100.9 94.4 89.6 86.0 89.4 96.8 101.4 Tobacco manufactures 1923-25=100.. 58.9 56.8 56.6 57.6 57.9 57.8 60.0 65.3 64.0 61.9 56.5 57.3 57.8 Factory adjusted (F. R. B.)M-1923-25=100._ 81.9 •82.4 •81.3 80.4 •80.0 81.7 83.7 76 8 •76.8 •79.0 •80.6 •82.0 •82.6 Chemicals and products 1923-25=100.. 110.3 108.1 109.3 111.4 DO. 7 111.3 111.3 107. 5 107.2 108.1 108.4 108.6 110.7 108.5 Chemicals.... 1923-25=100.. 106.3 109.0 110.2 111.7 111.6 107.7 105.3 102.3 101.8 101.6 101.2 102.3 97.4 Druggists'preparations. 1923-25=100.. 100.4 100.7 100.4 99.3 100.3 97.1 102.1 101.8 101.3 99.1 101.4 96.8 108.0 Paints and varnishes 1923-25=100.. 108.8 108.6 108.8 108.4 108.4 108.9 99.3 100.5 101.1 101.0 102.3 103.4 108.2 Petroleum refining.... 1923-25=100.. 108.3 110.1 108.5 108.8 109.6 111.4 113.1 113.0 112.1 111.1 108.7 109.0 353.6 Rayon and products 1923-25=100.. 334.9 326.9 340.3 325.9 327.9 356.8 307.0 320.8 329.5 338.0 346.8 348.9 • 98. 8 Food and products 1923-25=100. _ 101.4 102.0 100.4 99 2 100.1 97.2 109.3 107.3 107.9 104.8 105.0 102.8 112.6 Baking... 1923-25=100.. 111! 4 113.6 112.7 109.9 113.0 112.8 114.3 113.6 115.4 109.0 113.8 113.2 Slaughtering, meat packing 79.1 1923-25=100.. 108.2 84.2 116.7 91.6 85.7 84.9 81.6 101.1 80.9 81.0 79.7 81.8 Iron and steel and products. _ 1923-25=100.. 71.5 72.4 73.4 74.1 71.1 71.7 75.8 65.6 67.7 69.4 66.4 70.6 70.8 Blast furnaces and steel works 75.9 1923-25=100. _ 72.4 72.2 65.9 68.0 69.9 72.2 72.5 66.7 72.6 72.7 74.3 74.4 Structural and metal work. 1923-25=100._ 56.0 56.3 55.7 56.5 57.0 57.7 57.7 55.8 57.8 58.1 57.4 55.3 56.3 Tin cans, etc 1923-25=100.. 89.5 96.2 97.0 99.4 87.9 92.8 100.7 94.1 93.6 88.9 90.8 89.2 89.2 Leather and products 1923-25 =» 100. . 92.2 89.1 87.0 86.9 86.4 •85.4 84.5 81.4 83.4 88.9 89.1 89.7 90.5 Boots and shoes 1923-25=100.. 91.7 87.9 84.4 84.5 84.9 •83.1 81.4 79.7 82.3 88.1 88.4 88.9 89.9 Leather 1923-25=100.. 94.3 94.5 95.1 95.8 95.8 95.1 97.1 88.3 88.6 92.3 92.3 93.2 93.3 Lumber and products 1923-25=100.. 52.4 51.3 54.6 52.0 •55.5 48.8 55.2 47.7 47.3 47.8 48.8 50.8 51.9 Furniture 1923-25=100.. 72.4 73.3 70.5 73.9 71.1 69.6 71.7 61.2 60.7 62.9 66.4 67.6 70.3 Millwork 1923-25=100.. 39.4 40.2 44.4 46.8 41.4 49.7 49.1 36.0 36.3 37.3 37.0 38.4 38.8 Sawmills 1923-25=100.. 33.4 33.2 35.6 •36.2 35.0 30.1 36.9 33.3 32.6 32.2 32.4 34.2 34.6 Machinery 1923-25=100.. 84.9 86.1 87.1 88.8 84.4 86.0 90.7 75.8 77.2 79.2 81.4 83.1 85.6 Agricultural implements. .1923-25=100.. 94.1 123.2 124.4 126.6 91.6 111.4 122.4 76.4 82.1 84.1 86.7 87.1 94.7 Electrical machinery, etc..1923-25=100.. 73.3 70.7 69.6 70.4 70.9 69.6 75.3 65.0 65.4 65.6 65.9 67.5 69.2 Foundry and machine-shop products 77.4 1923-25=100.. 66.9 68.4 73.9 71.6 72.6 73.1 72.7 73.4 75.8 67.3 70.3 72,0 Radios and phonographs... 1923-25=100.. 194.4 231.2 200.0 190.9 182.7 192.7 200.4 157.1 175. 5 203.8 227.3 226.8 252. 7 a Metals, nonferrous 1 ..1923-25=100.. •83.3 •82.8 •82.2 83.7 •82.4 87.4 91.0 •76.2 •77.1 •78.4 •79.2 •80.6 •81.4 Brass, bronze, copper prod. 1923-25=100.. 78.2 78.8 80.4 80.3 79.4 82.7 87.9 71.9 72.8 74.5 75.8 79.3 79.8 Stamped and enameled 112.6 warel 1923-25=100.. •92.6 •98.9 • 102.9 • 104. 2 • 104.4 • 106.1 • 105.4 • 102.4 • 101.6 • 104. 2 •93.9 107.9 Paper and printing 1925-25=100.. 97.1 96.5 97.1 «97.6 96.4 97.3 97.8 96.0 95.8 94.9 95.4 96.4 96.7 Paper and pulp _ 1923-25=100.. 109.2 109.8 109.9 109.1 108.9 108.8 109.1 106.6 107.4 106.8 106.9 108.7 109.7 Railroad repair shops 1923-25=100.. 53.2 52.7 52.4 52.6 53.3 53.4 54.8 53.7 52.1 52.4 51.7 53.6 53.8 Electric railroads 1923-25=100.. 64.6 65.6 65.7 65.2 65.3 65.6 64.5 65.1 65.5 65.3 65.7 65.9 65.8 Steam railroads 1923-25=100.. 51.4 52.3 52.4 51.9 51.7 51.6 54.1 52.8 61.1 51.4 50.7 52. 7 53.0 Rub ber products 1 1923-25=100. . 81.7 •81.1 «77.4 80.4 •78.8 •78.1 •83.4 83.8 •79.4 •84.6 "85.0 •85.8 •80.7 Rubber tires and tubes 1923-25»100__ 71.8 76.6 73.6 70.2 68.4 67.2 69. G 73.4 74.4 71.8 71.0 77.0 76.4 Stone, clay, and glass products 54.6 54.4 53.6 53.9 50.0 52.7 54.8 1923-25=100. _ 51.2 51.9 51.7 52.4 52.4 53.5 27.4 30.4 31.2 32.1 28.0 29.9 Brick, tile, and terra cotta. 1923-25=100.. 29.9 34.4 29.2 30.0 29.5 28.2 29.6 48.9 44.4 50.3 55.3 56.4 53.4 50.5 Cement 1923-25=100.. 50.9 48.8 47.8 43.9 41.9 42.4 93.6 93.1 92.1 96.6 97.4 92.9 92.7 Glass ...1923-25=100. 92.5 81.7 87.4 87.8 94.0 94.1 96.0 96.6 96.0 93.6 91.7 92.2 96.1 Textiles and products 1923-25=100.. 96.1 90.7 90.2 92.1 95.1 96.6 93.2 94.6 91.0 91.2 93.3 92.7 90.6 Fabrics .—.1923-25=100.. 93.6 88.8 88.2 92.4 94.8 95.6 98.3 99.2 90.3 98.4 95.6 96.9 90.0 Wearing apparel 1923-25=100_ 97.7 91.3 90.8 87.4 91.3 94.7 57.3 58.2 57.7 56.8 58.1 58.2 58.1 Tobacco manufactures 1923-25=100. _ 57.4 62.5 61.1 61.6 60.7 57.7 81.4 99.4 84.8 83.6 99.1 94.0 88.7 Transportation equipment- .1923-25=100.. 99.8 69.3 70.4 84.4 93.5 98.4 91.0 114.4 113.5 105.9 101.5 97.7 94.9 Automobiles 1923-25=100.. 113.8 74.7 77.4 96.6 109.2 114.1 32.8 44.4 29.6 30.7 52.6 54.7 54.9 Cars, electric and steam...1923-25=100.. 41.7 38.2 35.9 37.0 38.3 46.9 81.1 76.5 73.0 74.1 65.4 71.1 70.0 Shipbuilding ..1923-25=100. 87.2 76.1 72.1 68.5 66.3 69.3 Factory, by cities and States: Cities: 84.4 79.4 79.4 80.9 78.2 80.2 83.3 77.3 78.4 82.6 84.5 80.8 75.7 Baltimore* 1929r-31=100__ 67.3 68.6 69.3 69.0 67.0 64.8 65.3 Chicago* 1925-27=100.. 68.5 69.3 65.9 66.0 65.6 68.3 82.1 86.5 84.8 89.3 87.6 88.7 80.9 Cleveland* 1923-25=100.. 95.5 76.3 74.8 78.6 83.9 86.4 82.7 102.4 66.6 71.7 110.2 110.8 93.7 Detroit 1923-25=100.. 100.9 50.2 62.4 91.2 108.3 109.5 93.2 91.6 93.1 93.0 92.4 92.6 91.9 Milwaukee* 1925-27=100 94.4 76.9 79.4 84.0 86.9 90.0 75.9 72.2 67.9 75.2 74.9 New York. 1925-27=100.. 72.3 69.8 77.7 75.6 74.1 73.6 70.7 73.4 91.4 87.7 88.9 Philadelphiaf 1923-25=100.. 88.1 88.8 88.3 87.8 92.1 84.6 86.2 88.4 86. 5 89.5 69.7 Pittsburgh*! 1923-25=100.. 68.4 67.3 68.3 68.3 68.8 67.5 71.5 66.6 65.8 66.3 65.5 67.4 States: 94.4 91.6 Delawaret 1923-25=100.. 86.2 89.8 84.6 84.4 83.2 84.3 102.8 •96.1 82.6 85.9 90.3 Illinois 1925-27=100.. 72.4 75.6 73.4 73.6 74.3 75.7 74.8 75.8 73.5 70.3 69.9 69.9 73.1 Iowa 1923=100 . 117.2 118.2 118.8 113.3 114.0 122.2 117.1 122.3 111.8 113.0 111.8 109.3 110.2 Massachusetts*! 1925-27=100.. 67.4 67.8 69.5 72.3 71.2 71.7 69.0 73.1 69.0 67.6 66.6 70.0 71.6 • Revised. •For earlier data see the following references: For factory employment, adjusted, all series, see pp. 16 to 19 of the July 1934 issue; employment in Baltimore, Milwaukee, and Massachusetts, p. 18, December 1932; and employment in Chicago, p. 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July fFor revised data refer to the indicated pages as follows: Employment in Delaware and Philadelphia, p. 19, September 1933: for revisions of years 1930-34 for those series and for the city of Pittsburgh, see p. 20 of the March 1935 issue: for Massachusetts, employment for 1931, p. 19. August 1933, and for 1932-34, p. 20, September 1935. §Data have been revised for the period January 1933-August 1935. Revisions not shown in the Nov. 1935 issue will appear in a subsequent issue. f These data for the period January 1933-August 1935 have been revised; revisions not shown above will appear in a subsequent issue. 29 SURVEY OF CURRENT BUSINESS December 1935 1934 1935 Monthly statistics through December 1931, 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 ber ary 1935 March April May June July August September EMPLOYMENT CONDITIONS AND WAGES—Continued EMPLOYMENT-Continued Factory, by cities and States—Continued. States—Continued. Maryland* 1929-31 = 100. New Jerseyt 1923-25=100. New York _ 1925-27=100. Ohio 1926=100. Pennsylvaniaf 1923-25=100. Wisconsin. 1925-27 = 100. Nonmanufacturing (B. L. S.): Mining: Anthracite _ 1929=100. Bituminous coal .1929=100. Metalliferous 1929=100. Petroleum, crude production. 1929=100. Quarrying and nonmetallic—.1929=100. Public utilities: Electric light and power and manufactured gas 1929=100.. Electric railroads.. 1929=100.. Telephone and telegraph 1929=100.. Trade: Retailf-1929=100-. Wholesale!.. 1929=100.. Miscellaneous: Dyeing and cleaning*t A 1929=100. Hotelst 1929=100. Laundries*f* 1929-100.. Miscellaneous data: Construction employment, Ohio 1926= IOCFarm employees, average per f a r m » number.. Federal and State highway employment, total* numberConstruction*- . _ number.. Maintenance* __. . n u m b e r Federal civilian employees: United States* numberWashington ..number.. Railroad employees, class I thousands.. Trades-union members employed: All trades.. _ percent of t o t a l Building trades*. percent of t o t a l Metal trades* percent of total.. Printing trades* percent of t o t a l All other trades* percent of total. _ On full time, all trades.percent of total.. 92.1 80.0 77.8 94.0 79.7 89.1 85.4 76.0 72.0 81.9 75.0 80.2 85.5 75.0 70.9 83.0 74.4 79.5 85.5 75.3 71.1 85.3 75.0 80.6 84.9 73.1 70.6 87.3 74.3 81.3 87.9 73.8 73.1 91.3 76.1 84.0 89.3 74.9 74.3 94.1 77.1 85.7 90.7 74.5 74.8 94.9 75.9 85.1 89.5 74 2 717 93.0 75.5 85.7 88.2 72.4 72.5 90.8 75.0 86,6 86.5 72.5 72.1 90.1 75.1 92.3 88.8 75.9 73.8 91.1 76.6 90.4 92.3 78.0 76.8 93.1 78.3 89.5 58.8 74.3 51.6 76.9 50.0 58.5 79.3 43.3 79.5 51.8 60.7 79.8 43.2 78.8 49.5 61.6 79.7 44.4 78.7 42.1 62.9 80.0 44.3 74.9 36.9 64.4 81.1 44.3 74.2 37.3 51.4 81.6 45.0 74.0 40.5 52.6 74.3 46.0 74.9 45.3 53.5 75.3 44.4 76.0 49.5 56.8 77.9 46.0 76.5 50.4 49.4 69.9 45.1 77.0 50.9 38.7 73.4 46.3 78.7 51.0 46.0 77.0 48.9 77.9 50.0 87.3 71.1 70.0 85.8 72.2 70.3 85.5 71.8 83.6 71.0 69.7 82.7 71.2 70.5 82.2 71.0 70.0 82.2 71.3 69.8 82.6 71.4 69.7 83.2 71.6 70.0 83.8 71.7 70.2 84.7 71.5 70.3 85.7 71.2 70.5 85.8 71.0 70.4 83.8 85.2 82.6 84.3 83.7 85.1 91.1 85.0 79.5 84.2 79.2 84.6 80.2 84.0 83.6 83.2 82.2 82.5 82.1 82.1 79.0 82.2 77,7 82.8 81.6 83.7 80.4 81.6 81.9 80.3 80.9 81.7 75.8 80.6 80.3 72.4 80.0 79.5 70.3 80.3 79.6 81.1 79.6 72.5 80.8 79.7 79.9 81.1 80.0 81.6 81.1 83.6 81.3 82.3 81.7 80.3 84.4 79.4 80.7 84.2 82.1 81.1 83.0 30.5 25.1 24.7 21.6 17.5 18.3 18.4 24.8 30.7 35.0 32.9 31.5 .79 .89 .80 .66 .65 .65 .68 .72 323, 374 176,050 147, 324 450,322 281,087 169,235 426,603 267,152 159,451 323,700 189,020 134,680 240,414 120,131 120,283 221,406 99,197 122,209 217,539 109,390 108,149 282,740 147,256 135,484 331,000 195,459 135,541 362,339 224,086 138,253 375,442 226,867 148, 575 382, 846 218, 886 163,960 340,073 183,886 156,187 831,453 110,009 1,037 715,606 93,322 1,028 707,307 93,827 995 707,606 94,050 977 710,347 94,389 976 715,901 95,517 985 720,279 97,388 745,345 100,949 747,478 102,539 1,013 753,017 103,453 1,031 764,925 104,498 1,035 805, 286 105, 679 1,011 829, 605 108, 952 ° 1,025 80 53 81 86 85 59 76 44 73 83 84 53 75 44 73 83 81 49 73 43 74 84 79 48 74 40 75 83 80 51 76 39 75 85 83 54 7S 41 76 85 85 55 79 43 77 86 86 79 46 77 86 84 57 77 49 77 86 81 54 73 49 77 85 77 53 76 52 78 85 81 53 55 80 85 84 58 35.0 6.4 37.1 36.6 36.7 995 994 67 1.01 LABOE CONDITIONS Hours of work per week in factories:*!! Actual, average per wage earner hours.. 33.0 38.5 Industrial disputes in progress during month: Number of disputes P301 260 Man-days cost number.. PI,838,000 852,787 Workers involved number— v 134,00C 102,971 Labor turn-over:t Accessions percent of no. on pay roll— 5.23 4.09 Separations: Discharged., .percent of no. on pay r o l l .21 .19 Laid off percent of no. on pay r o l l 2.03 4.38 Voluntary quits percent of no. on pay roll— .73 .89 34.0 203 841,570 98,201 4.32 .15 3.78 .62 35.9 37.3 37.8 •291 •223 267 •279 "265 •279 a 215 »271 •317 376,297 °706,535 |«819,863 "921,718 "1,162,585 1,677,457 •1,251,974 1,198,986 •1,133,592 "2,977,000 73,481 °90,950 I °93,749 «94,514 •121,138 149,977 '118,813 128,957 133, 222 v 516,000 6.14 6.33 4.23 3.79 3.63 3.01 3.18 4.17 4.60 4.95 .15 2.72 .18 2.10 .18 1.88 .17 .20 .20 2.32 2.60 .17 3.00 .20 2.57 .21 2.70 .19 1.95 .58 .76 .73 .75 .93 1.21 3.46 .83 .90 1.05 PAT BOLLS Factory unadj. (B.L.S.) * §.__ 1923-25=100.. 59.5 63.2 68.5 75.1 61.0 70.8 69.1 64.2 66.4 70.7 65.3 69.6 72.1 Durable goods group* § 1923-25=100.. 46.1 60.2 66.3 50.4 52.5 58.6 46.4 57.6 55.6 60.6 59.0 60.5 61.8 Iron and steel and products 1923-25=100.. 44.2 58.5 65.5 59.0 51.9 47.6 42.8 52.8 55.8 •62.7 59.6 59.3 59.4 Blast furnaces and steel works 1923-25=10041.7 61.1 66.0 39.2 46.5 63.3 53.9 52.4 62.3 63.8 56.8 64.2 61.6 Structural and metal work 1923-25=10046.2 41.2 39.2 38.7 39.8 40.7 42.2 39.5 37.6 40.9 40.8 43.9 45.6 Tin cans, etc 1923-25=100— 100.2 79.4 79.6 77.3 87.0 80.7 93.8 97.7 82.5 103.6 105.7 83.3 85.4 Lumber and products 1923-25=100— 48.6 33.6 33.3 31.7 34.8 34.8 35.2 36.3 38.3 44.4 •47.3 36.3 37.5 Furniture. 1923-25=100— 63.0 44.5 45.9 47.1 47.1 43.5 47.2 48.5 48.4 56.0 60.2 49.7 49.2 Millwork 1923-25=10041.9 24.0 24 6 23.0 25.3 29.1 24.1 37.7 31.5 34.2 40.8 25.8 27.7 Sawmills 1923-25=100— 29.5 21.3 20.0 21.4 20.1 19.1 22.6 27.9 •29.4 20.9 23.3 22.4 23.7 64.6 Turpentine and rosin 1925-25=100— 47.9 50.2 52.7 54.2 57.3 45.1 59.3 59.3 59.9 57.5 52.3 57.9 78.5 Machinery 1923-25 -100— 57.2 60.2 64.3 67.8 60.8 57.0 71.2 75.2 66.9 67.5 66.9 67.6 135.1 85.7 91.2 Agricultural implements. 1923-25*100.. 97.5 100.9 110.5 74.4 137. 5 136.8 127.5 135.2 113.7 108.8 65.2 50.0 52.2 Electrical machinery, etc. 1923-25=100— 55.0 58.2 52.4 49.3 57.8 62.1 56.1 54.7 57.2 58.4 Foundry and machine shop products 46.6 1923-25=100.. 64.6 47.6 49.7 51.5 57.5 55.7 56.2 62.2 58.0 56.7 00.0 57.9 Radios and phonographs 1923-25=100.. 131.5 137.8 132.0 103.2 112.5 112.9 133.9 101.5 100.9 166.3 110.6 107.0 189.6 • Revised. v Preliminary. • For earlier data see the following references: Employment in Maryland, and Federal civilian employment, total, United 8tates, p. 18, December 1932; Federal and State highway employment, dyeing and cleaning establishments, and laundries, p. 19, June 1933; trades-union members employed, p. 18, December 1932, and hours of work, p. 20, October 1932. Pay rolls in the durable group for the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue. Data for factory pay rolls by classes are shown on p. 18 of the June 1934 issue. See also p. 19, July 1934 issue. t For revised data refer to the indicated pages as follows: Employment in New Jersey and Pennsylvania, p. 19, September 1933; employment in laundries, and dyeing and cleaning establishments, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive, see p. 20 of the September 1935 issue. For revised data on employment in wholesale and retail trade for 1930-34, see p. 20 of the March 1935 issue. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue. For labor turnover see p. 20 of the April 1935 issue. • Figures represent the condition as of the end of the month shown. This method has been followed since September 1932. Figures shown previous to that date in the Survey are as of the first of the month. They were published as of the first of the following month by the Department of Agriculture. 1 Data revised for 1934. See pp. 29 and 56 of the May 1935 issue. § Data have been revised for the period January 1933-August 1935. Revisions not shown in the November 1935 issue will appear in a subsequent issue. * The revised series on dyeing and cleaning and laundry employment shown in the August 1935 issue have been dropped by the B. L. S. and the publication of the original series resumed. 30 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ber December 1935 1935 March April May June July August September EMPLOYMENT CONDITIONS AND WAGES—Continued PAY ROLLS—Continued I Factory unadjusted—Continued. I Durable goods group—Continued. Metals, nonferrous § 1923-25= UK)Aluminum manufactures § 1923-25=100Brass, bronze, copper products 1923-25 = 100Stamped and enamel ware § 1923-25-100.. Railroad repair shops. 1923-25=100.. Electric railroads .1923-25=100— Steam railroads.... 1923-25-100Stone, clay, and glass products 1923-25-= 100Brick, tile, and terra cotta 1923-25=100Cement 1923-25=100Glass.. — 1923-25=100Transportation equipment-1923-25=100Automobiles 1923-25=100Cars, electric and steam .1923-25 =100Shipbuilding... 1923-25=100Nondurable goods group* §-1923-25 = 100Chemicals and products—1923-25=100Cnemicals 1923-25=100Druggists'preparationS-1923-25=100Paints and varnishes 1923-25=100— Petroleum refining 1923-25=100Rayon and products 1923-25 = 100— Food and products -1923-25=100Baking. 1923-25=100Beverages. — ——1923-25=100Slaughtering, meat packing 1923-25=100Leather and products 1923-25-100., Boots and shoes..-. 1923-25-100Leather 1923-25-100Paper and printing .—-1923-25-100— Paper and pulp -1923-25=100Rubber products § 1923-25-100Rubber tires and tubes-1923-25-100Textiles and products....-1923-25-100Fabrics -1923-25=100Wearing appareL ..1923-25=100Tobacco manufactures 1923-25=100Factory by cities: Baltimore*..-1929-31 = 100Chicago* 1925-27=100— Milwaukee*— .1925-27=100New York* — 1925-27=100— Philadelphia*! 1923-25-100Pittsburgh*! 1923-25-100Factory by States: Delaware! 1923-25-100Illinois A _ —1925-27-100-. Maryland* —1929-31=100Massachusetts*! 1925-27-100New Jersey! _______.1923-25-100— New York — -1925-27 = 100Pennsylvania!1923-25=100Wisconsin _1925--27-100- Nonmanufacturing (B. L. S.): Mining: Anthracite.1929-100Bituminous coal 1929 = 100— Metalliferous _1929=100Petroleum, crude production 1929-100— Quarrying and nonmetallic. 1929=100Public utilities: Electric light and power and manufactured gas -1929=100Electric railroads _. 1929-100Telephone and telegraph...1929=100Trade: Retail! 1929-100.. Wholesale! -.1929=100Miscellaneous: Dyeing and cleaning*!• 1929=100Hotels! 1929=100— Laundries*!* .1929=100- 78.4 57.8 59.1 61.8 58.7 63.7 | | I 65.0 76.0 58.5 61.3 63.9 58.1 66.8 69.6 64.7 63.7 62.9 59.9 69.3 68.0 64.6 58.3 64.7 70.9 65.8 72.5 49.5 61.3 55.6 58.3 63.2 84.0 64.1 61.5 60.0 57.5 61.1 65.8 99.9 53.1 60.0 52.7 69.1 46.8 57.1 46.2 70.6 44.4 57 4 43.5 77.6 44.4 58.4 43.5 76.2 43.8 68.0 42.9 85.2 48.0 59.7 47.2 89.7 49.6 60.7 48.9 88.0 50.7 60.4 60.1 83.3 52.5 60.2 52.0 77 6 51.0 59 0 50.5 73.9 48.2 58.8 47.5 82.3 49.0 59.6 48.3 89.8 49.1 59.1 48.5 44.5 35.5 35 6 34.4 31.6 34.8 37.4 39.3 40.3 40.5 38.9 40.9 42.2 24.0 35.1 90.9 86.5 97.8 41.0 71.0 86.2 100.4 100.1 99.9 94.8 101.6 263.5 97.2 100.8 157.7 16.9 32.4 69.4 49.7 52.0 34.4 56.2 79.6 91.6 92.4 99.1 78.1 97.9 217.2 103.4 98.3 157.2 16.5 29.4 72.0 48.4 51.3 30.0 64.0 76.6 90.9 90.7 96.8 78.5 96.8 231.6 96.1 98.6 142.2 15.3 24.1 71.9 67.6 76.4 31.5 55.3 79.5 91.7 90.0 94.8 78.1 97.8 240.1 92.9 98.7 135.0 13.0 21.2 69.9 79.4 92.2 31.7 56.2 79.2 91.6 90.8 96.8 79.4 95.2 245.4 83.3 89.6 133.4 15.0 22.1 75.6 94.7 110.3 43.4 59.7 82.5 93.2 91.0 97.9 83.7 95.3 252.3 83.4 93.7 137.2 16.3 25.0 81.3 98.2 112.7 54.5 63.8 83.8 96.1 93.7 95.9 86.2 96.4 252.3 83.0 93.7 146.9 16.3 31.9 82.7 102.7 117.1 65.1 62.0 82.3 95.9 96.2 97.7 91.9 96.9 242.7 85.5 95.5 153.6 17.7 36.8 81.6 94.2 105.1 65.8 65.7 79.1 94.8 97.8 93.9 95.1 96.8 237.8 86.9 97.3 162.5 19 3 40.1 82.0 82 4 934 46.6 55.5 77.5 95 0 98 0 93.7 94 0 99! 3 240 5 9o'.3 99.6 173.4 20.2 37.9 77.0 74.7 85.7 28.0 59.4 77.7 95.4 101.6 92.3 88.9 100.5 240.2 96.0 96.5 192.7 21.2 35.8 82.3 71.6 80.6 30.4 61.5 83.2 97.0 100.8 92.0 87.8 102.5 253.4 99.8 95.7 189.8 22 5 35.2 85.6 65.7 72.1 31.8 65.6 86.9 a 99.0 98.8 97.3 89.5 °102.8 264.1 «104.3 101.6 171.0 75.6 73.8 65.9 99.4 88.2 93.4 72.2 60.9 84.6 83.3 82.0 50.5 107.0 64.3 60.4 76.9 82.7 83.2 58.3 49.6 74.7 73.1 73.4 49.0 100.7 61.0 54.6 82.0 82.7 82.0 58.1 50.4 71.1 72.5 64.1 48.8 98.4 69.1 63.7 86.5 86.3 83.5 66.0 60.0 75.3 80.2 61.3 49.9 84.0 76.4 72.5 88.5 83.4 83.5 69.4 62.2 78.5 82.2 66.6 41.5 76.5 82.5 79.2 92.6 84.1 86.8 71.9 65.7 84.5! 84.5 | 79.5 40.8 73.5 84.1 80.7 94.2 84.5 88.4 70.6 62.7 86.8 1 83.3 88.5 44.3 74.3 79.1 75.1 91.4 84.6 87.8 71.2 65.4 82.4 78.0 86.4 43.1 74.0 72.3 66.7 90.0 84.8 86.9 66.5 58.7 75.5 74.9 72.1 43.8 74 8 70 9 64.7 91.1 83.4 87.4 64.9 58.9 70.9 72.0 64.6 46.8 75.0 77.5 73.1 91.2 81.4 85.1 61.3 54.2 68.4 70.1 60.8 47.6 73.2 81.7 77.7 94.2 83.0 87.2 64.3 55.8 78.9 76.5 78.8 46.6 74.1 «76.9 • 71.1 95.2 • 86.2 90.7 68.8 59.0 84.6 80.4 87.8 49.4 80.4 49.6 82.7 66.7 80.4 76.0 66.2 46.4 58.8 61.8 70.8 54.7 67.7 43.7 60.7 69.6 72.5 63.7 66.4 45.0 66.4 60.3 75.1 55.8 65.2 45.6 67.7 58.6 72.4 56.4 76.1 48.8 75.2 65.3 75.2 65.8 78.5 48.5 78.5 63.7 74.6 66.3 77.0 47.4 77.2 59.7 73.0 65.5 76.4 46.7 76.3 57.4 73.5 60.5 73.9 45.9 77.9 56.8 72.5 56.6 77.1 46.7 77.5 62.3 76.1 65.8 81.6 48.8 82.6 67.1 79.8 67.0 70.4 56.9 84.9 63.0 67.6 66.3 69.3 77.1 67.7 49.8 70.5 52.1 68.8 57.2 57.2 60.8 61.6 47.4 72.5 50.9 58.3 56.1 56.4 60.2 61.2 48.2 72.1 57.3 59.7 58.0 58.1 62.5 61.7 48.8 70.9 58.7 58.1 58.3 57.8 62.0 72.0 48.4 73.4 60.9 74.4 64.1 j 62.8 52.7 I 78.0 60.8 59.5 60.9 61.9 67.3 61.5 54.1 81.0 62.3 61.5 63.1 63.4 69.3 62.5 54.6 82.5 60.9 60.8 62.9 62.6 69.7 62.7 53.0 80.4 58.2 60.9 61.2 61.6 69.4 66.4 52.3 79.7 56.8 59.2 60.2 59.8 70.5 65.1 51.8 77.1 57.3 58.8 59.5 57.2 76.2 70.8 53.5 80.6 59.8 63.3 62.5 63.7 74.3 » 70.5 55.6 85.5 61.9 64.8 65.9 64.7 78.1 55.9 69.8 38.7 48.3 67.6 28.2 51.2 68.3 28.5 52.3 57.0 29.4 57.5 59.6 30.1 64.3 66.1 29.9 38.9 67.5 30.9 49.9 45.0 31.8 49.5 49.1 31.4 66.0 64.7 31.5 37.5 35.6 31.2 28.3 45.8 33.4 38.2 60.4 35.4 60.2 36.5 60.8 32.1 69.0 29.4 59.5 23.6 55.5 20.8 54.9 22.2 56.0 24.9 56.7 28.9 57.8 32.8 58.3 33.8 59.2 34.4 60.7 36.3 63.2 35.4 84.4 64.1 75.3 80.6 63.0 74.9 79.6 61.8 72.2 78.3 62.3 73.2 78.0 62.9 73.9 78.3 63.1 72.9 79.4 63.4 75.3 79.0 63.3 73.1 79.8 63.6 73.7 79.8 63.9 74.4 81.5 63.3 75.5 83.1 64.0 74.2 63.2 66.6 61.9 64.5 61.9 64.2 66.2 64.8 59.7 63.9 59.3 64.6 60.4 65.2 62.5 64.8 62.0 64.6 62.4 64.6 81.5 63.4 75.7 i 60.4 64.7 59.2 64.8 62.5 67.2 61.1 64.3 67.1 69.1 62.7 64.8 53.9 62.4 63.7 fil.l 62.2 63.3 50.4 62.2 63.9 49.8 63.5 64.1 53.5 63.9 64.6 61.9 63.7 65.5 61.7 63.5 66.6 65.7 63.5 68.2 61.4 62.1 70.9 58.2 62.0 69.2 63.1 63.1 67.9 WAGES-EAENINGS AND BATES Factory, weekly earnings (25 industries):*!^ I All wage earners.. dollars.. 23.11 20.00 20.12 20.74 21.61 22.09 21.86 21.93 21.76 21.46 21.75 22.32 «22.58 Male: Skilled and semiskilled -dollars.. 25.81 22.48 22.60 23.03 23.95 24.64 24.25 24.62 24.41 24.11 24.58 24.97 *25.06 Unskilled.. dollars.. 19.33 16.29 16.23 16.59 17.65 18.03 17.85 17.87 17.49 17.48 17.66 18.16 <»18.65 Female..dollars.. 15.56 14.43 14.39 15.08 15.21 15.46 15.47 i 15.21 14.83 14.73 14.77 15.33 15.56 • Revised • For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago, p. 20, June 1933; pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls, Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh, p. 18, January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933: factory weekly earnings for period of Jan. 1927 through Aug. 1932, p. 20, October 1932. Data on pay rolls for nondurable goods industries for the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue. f Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues as follows Pay rolls, Pennsylvania, Delaware, New Jersey, and Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for these series and for the city of Pittsburgh, see p. 20 of the March 1935 issue; pay rolls, Massachusetts, for 1931, p. 19, August 1933 and 1932-34 p. 20, September 1935; pay rolls in wholesale and retail trade for 1930-34, inclusive, p. 20, March 1935; pay rolls in dyeing and cleaning establishments and laundries, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive; see p. 20 of September 1935 issue; factory weekly earnings A 1933, p. 20, July 1934. for Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue <? Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue. • The revised series on dyeing and cleaning and laundry payrolls shown in the August 1935 issue have been dropped by the B. L. S and the publication of the original series resumed. § Data have been revised for the period January 1933-August 1935. Revisions not shown in the Nov. 1935 issue, will appear in a subsequent issue. 31 SURVEY OF CURRENT BUSINESS December 1935 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1935 1935 1934 October October Novem- Decem- January Februber ber ary March April May June July August September EMPLOYMENT CONDITIONS AND WAGES—Continued WAGES—EARNINGS AND RATES— Continued Factory, weekly earnings (25 industries)— Continued. All wage earners 1923=100.. Male: Skilled and semiskilled 1923-100.. Unskilled —1923=100.. Female. 1923=100.. Factory, av. hourly earnings (25 industries) :*tc? All wage earners . dollars.. Male: Skilled and semiskilled-. dollars.. Unskilled.. dollarsFemale .dollars.. Factory, weekly earnings, by States: Delaware1923-25 -100.. Illinois 1925-27=100Massachusetts*!1925-27=100.. New Jersey 1923-25=100New York 1925-27=100.. Pennsylvania 1923-25=100. Wisconsin 1925-27 = 100. Miscellaneous data: Construction wage rates:*§ Common labor (E. N. JR.).dol. per hourSkilled labor (E. N. R.)..doL per hourFarm wages, without board (quarterly) dol. per monthRailroads, wages dol. per hour... Road-building wages, common labor:# United States. dol. per hourEast North Central dol. per hourEast South Central. dol. per hourMiddle Atlanticdol. per hourMountain States dol. per hourNew England dol. per hourPacific States dol. per hourSouth Atlantic ..—..dol. per hourWest North Central dol. per hour. West South Central dol. per hourSteel industry: U. S. Steel Corporation dol, per hour. Youngstown district...percent base scale. 86.8 76.2 75.6 77.9 81.2 83.0 82.1 82.4 81.8 80.6 81.7 83.9 84.9 83.8 86.8 90.3 73.0 73.1 83.7 73.4 72.8 83.5 74.7 74.5 87.5 77.8 79.2 88.2 80.0 80.9 89.7 78.7 80.1 89.7 79.9 80.2 88.2 79.3 78.5 86.0 78.3 78.5 85.4 79.8 79.3 85.7 81.1 81.5 88.9 81.4 "83.7 90.3 .602 .593 .594 .594 .694 .595 .597 .598 .599 .599 .598 .601 .601 .665 .497 .434 .656 .487 .428 .658 .490 .428 .656 .487 .428 .656 .491 .430 .659 .490 .431 .659 .494 .433 .659 .492 .434 .661 .493 .436 .660 .493 .436 .659 .489 .434 .663 .491 .435 .665 .491 .434 78.6 80.8 86.0 94.2 85.2 87.1 84.6 78.0 72.8 77.1 86.9 79.5 76.9 73.5 75.4 72.3 76.4 87.3 79.1 76.7 73.0 76.3 73.7 83.0 88.9 81.6 78.4 75.2 77.1 74.4 83.8 89.1 82.6 78.1 74.3 79.6 77.1 84.9 90.4 83.3 81.4 78.4 78.6 77.7 86.0 92.0 85.0 82.4 79.3 78.3 77.3 84.8 91.3 84.1 82.4 80.5 77.1 75.8 84.2 91.8 83.0 81.4 79.8 77.6 76.3 84.0 91.3 83.0 79.4 80.8 76.3 77.3 84.3 90.6 82.6 76.5 81.2 71.2 78.2 85.8 93.1 84.7 83.0 81.2 77.6 79.2 86.7 92.7 85.7 82.9 85.9 .529 1.10 .536 1.12 .539 1.12 .541 1.12 .538 1.11 .524 1.10 .524 1.11 .526 1.10 .523 1.08 .527 1.07 .529 1.08 .529 1.08 .529 1.08 616 .632 26.69 .636 .647 .667 30.08 .670 .662 .658 .42 .54 .30 .44 .57 .46 .58 .32 .47 .36 ,41 .51 .30 .42 .55 ,42 .58 .32 .46 .34 .41 .51 .30 .42 .55 .42 .57 .32 .47 .34 .40 .52 .30 .42 .55 .42 .57 .32 .48 .34 .39 .52 .30 .42 .55 .43 .57 .31 .47 .35 .39 ,53 .30 .44 .55 .45 .55 .31 .47 .36 .39 .52 .30 .44 .55 .47 .55 .31 .46 .37 .40 .53 .30 .43 .56 .45 .55 .31 .46 .37 .41 .53 .30 .43 .56 .43 .55 .31 .47 .37 .42 .53 .30 .43 .57 .43 .56 .31 .47 .37 .42 .53 .30 .43 .57 .43 .57 .31 .47 .36 .42 .54 .30 .43 .57 .44 .57 .31 .47 .36 .42 .54 .30 .43 .57 .46 .57 .31 .47 .36 .485 115.0 .485 115.0 .485 115.0 .485 115.0 .485 115.0 ,485 115.0 .485 115.0 .485 115.0 .485 115.0 .485 115.0 .485 115.0 .485 115.0 .485 115.0 28.82 .647 .676 30.38 .669 FINANCE BANKING Acceptances and coin'l paper outstanding: 561 543 516 493 466 413 375 343 321 322 562 328 363 Bankers' acceptances, total, .mills, of dol— Held by Federal Reserve banks: 1 For own account- _ ._mills, of dol. _ For foreign correspondents 1 mills, of dol Held by group of accepting banks, total 517 497 485 452 423 391 356 317 296 292 339 516 301 mills, of dol.. 252 162 154 178 243 238 197 178 148 217 145 245 148 Own bills -....mills, of dol— 214 161 265 247 226 193 163 148 147 154 235 271 254 Purchased bills mills, of dol— 24 22 24 Held by others mills, of dol. _ 45 44 43 19 26 30 46 30 41 27 Com'l paper outstanding mills, of dol— 178 166 182 175 J73 159 164 180 188 171 177 183 177 Agricultural loans outstanding: Farm mortgages: 2, 059 1,849 1,886 1,916 1,943 1,961 1,975 1,976 1,998 2,017 2,024 2,036 2,047 Federal land banks mills, of dol— 266 256 239 184 276 246 230 223 201 215 208 195 190 Joint stock-land banks ?-_-mills. of dol.. 587 777 552 617 687 697 716 733 743 643 665 755 Land bank commissioner*.mills, of dol— 765 Federal intermediate credit bank loans to and discounts for:A Regional agricultural credit corp's and 101 124 101 105 100 100 115 131 129 103 130 125 115 production credit ass'ns..mills, of dol— 53 88 89 83 90 88 87 86 64 83 68 64 60 All other institutions mills, of dol— • Revised. t Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues. Massachusetts weekly earnings for 1931, p. 19, August 1933; and for 1932-1934, p. 20, September 1935; factory hourly earnings for 1933, p. 20, July 1934. <?Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue. § Construction wage rates as of Nov. 1, 1935, common labor, $0,528; skilled labor, $1.10. i Beginning with March 1932 data are based on Federal aid and State projects; before that time the data are based on Federal-aid projects. t Joint stock land banks in liquidation. * New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Factory weekly earnings for period of January 1927 through August 1932, p. 20, October 1932; factory hourly earnings for January 1926-December 1931, p. 18, December 1932; weekly earnings Massachusetts for January 1926-December 1931, p. 18, December 1932; construction wage rates for January 1922-July 1933, p. 19, September 1933. Additional series on agricultural loans were first Included in the June 1934 issue for Land Bank Commissioner for July 1933-April 1934. A Breakdown of figures shown in issues up to November 1934. 32 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey December 1935 1934 1935 1935 October October Novem- Decem- January ber ber February March April May June July August September FINANCE—Continued BANKING—Continued Agricultural loans outstanding—Continued. utner loans. Agricultural marketing act revolving fund loans to cooperatives! mills, of dol— Banks for cooperatives, incl. Central Bank* mills, of dol— Emergency crop loans* mills, of dol— Prod.cred. ass'ns* mills, of d o l Regional ag. credit corp.*—mills, of dol— Bank debits, total. mills, of dolNow York Citv mills, of dol— Outside New York City mills, of d o l Brokers' loans: Reported by N. Y. Stock Exchange p mills, of dol.. Ratio to market value percent— By reporting member banks: To brokers and dealers in N. Y.* mills, of dol— To brokers and dealers outside N. Y.* mills, of dol— Federal Reserve banks: Assets, total mills, of d o l Reserve bank credit outstanding mills, of dol— Bills bought mills, of dol— Bills discounted mills, of dol— United States securities ..mills, of dol— Reserves, total mills, of doL. Gold reserves§ mills, of d o l Llabilities, total mills, of d o l Deposits, totalmills, of d o l Member bank reserves mills, of dol.. Excess reserves (est.)*.-.mills, of doL. Notes in circulation mills, of dol— Reserve ratio percentFederal Reserve reporting member banks:1 46 57 57 55 54 50 50 50 47 49 49 46 48 25 25 28 28 29 28 30 32 24 25 31 43 114 96 52 32,695 15, 733 16,962 83 58 97 26, 750 12, 286 14, 465 78 68 91 24, 752 11, 343 13, 409 78 61 87 30,915 15, 214 15, 701 77 65 85 30,063 14, 997 15^ 066 76 71 82 25, 730 12, 549 13,181 75 86 80 31,744 15,895 15,849 95 97 78 31,651 15,905 15,746 124 105 77 30, 206 14, 551 15, 655 126 110 73 31,581 15,667 15,914 127 113 69 33, 394 16, 737 16, 657 125 112 65 30,376 14, 733 15^ 643 122 105 59 29,141 14, 014 15,127 792 184 827 2.62 831 2.45 880 2.59 825 2.50 816 2.54 773 2.50 805 2.40 793 2.29 809 2.23 769 1.98 772 1.94 781 1.93 770 693 660 598 702 726 720 881 828 886 793 751 821 58 153 155 54 166 166 170 184 58 66 57 56 58 10,416 8,229 8,332 8,442 8,719 8,873 8,833 9,096 9,165 9,529 9,556 9,749 9,872 2,482 5 6 2,430 7,285 7,053 10,416 5,999 5,648 3,000 3,532 76.4 2,455 6 11 2,430 5,212 4,989 8,229 4,262 4,006 1,748 3,161 70.2 2,453 6 11 2,430 5,317 5,107 8,332 4,313 4,081 1,801 3,213 70.6 2,463 6 7 2,430 5,401 5,143 8,442 4,405 4,096 1,814 3,221 70.8 2,461 6 7 2,430 5,680 5,405 8,719 4,810 4,543 2,206 3,085 72.0 2,465 6 6 2,430 5,807 5,559 8,873 4,889 4,587 2,199 3,154 72.2 2,471 5 8 2,437 5,825 5,592 8,833 4,893 4,247 1,846 3,166 72.3 2,468 5 6 2,430 6,014 5,769 9,096 5,084 4,715 2,253 3,153 73.0 2,469 5 8 2,430 6,108 5,901 9,165 5,146 4,832 2,318 3,189 73.3 2,480 5 6 2,433 6,426 6,203 9,529 5,406 4,979 2,414 3,258 74.2 2,465 5 7 2,430 6,515 6,246 9,556 5,478 5,100 2,513 3,262 74.5 2,485 5 11 2,432 6,716 6,502 9,749 5,562 5,305 2,738 3,399 74.9 2,477 5 10 2,430 6,838 6,633 9,872 5,613 5,254 2,630 3,474 75.3 47 Demand, adjusted* mills, of d o l - 13, 598 11,301 11, 499 11,688 11,414 11,793 12, 556 11,683 12, 921 12, 962 12, 231 13, 263 13, 246 4,875 4,800 4,810 4,878 4,910 4,935 4,842 4,860 4,991 4,899 4,856 4, 890 Time mills, of doL. 4, 839 11, 709 10, 790 10, 817 11,367 11, 520 11,676 Investments mills, of dol.. 12, 476 11, 481 11,791 12, 034 11, 804 12^390 12, 022 U. S. Qov. direct obligations** 7,185 7,265 7,771 7,791 7,858 7,902 7,778 7,810 7,824 8,177 7,947 8,183 7,877 mills, of dol.. U. S. Gov. guaranteed issues** 585 605 641 772 664 731 782 972 1,133 1,017 1,094 1,035 mills, of dol.. 791 3,020 2,947 3,079 2,955 2,998 3,107 3,007 2,995 3,120 3,070 3,113 3,166 Other securities** mills, of dol.. 3,110 8,281 8,171 8,084 8,115 8,023 8,061 8,111 7,902 8,155 8,037 7,811 8,030 7,819 Loans, total mills, of dol.. Acceptances and commercial paper* A 474 468 450 446 445 440 403 322 306 324 mills, of dol.. 329 375 310 1,122 1,149 1,140 1,123 1,136 1,157 1,146 1,129 1,147 1,136 1,144 On real estate* A mills, of doL. 1,135 1,119 120 122 123 122 118 120 104 83 103 87 To banks mills, of dol— 81 162 75 3,102 3,124 3,163 3,192 On securities mills, of dol._ 3,132 3,105 3,156 3,208 3,006 3,076 3,095 3,219 3,009 3,375 3,317 3,214 3,194 3,270 3,300 3,261 3,277 3,340 3,300 3,190 3,380 3,288 Other loans* *• mills, of dol— Interest rates: X X X X H X H H H Acceptances, bankers' prime percent— H H H 1.00 1.00 1.00 1.00 1.00 .25 .25 Call loans, renewal percent— .29 1.00 .64 .25 .25 .25 %-l Com'l paper, prime (4-6 mos.)...percent%.-! X-l U X X U H H 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 Discount rate, N. Y. F. R. Bank.percentif 50 1.50 1.50 5.00 5.00 5.00 5.00 4.00 4.25 4.19 4.00 4.00 4.00 Federal Land bank loans* percent5.00 5.00 4.33 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 Intermediate credit bank loans...percent— 2.00 2.00 2.00 Real estate bonds, long term percent— %-l Time loans, 90 days percentH-l X-l X-l H H X-l H X-l X-l H H H Savings deposits: 5,152 5,185 5,128 5,119 5,142 5,187 5.154 5,147 5,161 5,152 5,179 5,161 5,158 New York 8tate mills, of dol.. U. 8. Postal Savings. Bal. to credit of depositors.thous. of dol.. 1,196, 453 1,198,578 1,203,548 1,207,428 1,200,767 1,205,429 1,202,657 1,200,425 1,205,201 1,204,844 «1,189,490 1,191,261 1,191,723 323,092 Bal. on deposit in banks.thous. of dol— 291,450 559,918 550,608 539,547 508,312 490,653 477, 111 451,563 411,714 384, 510 "363,001 333,825 FAILURES Commercial failures: 1,097 1,091 1,184 1,005 976 1,115 1,027 961 806 Total . number.. 923 963 931 910 92 76 57 100 99 117 103 116 74 65 100 Agents and brokers number.. 89 78 189 243 228 258 223 287 223 229 237 225 269 260 197 Manufacturers, total number6 3 10 6 9 6 8 Chemicals, drugs, and paints.number6 4 10 7 4 1 28 16 15 17 21 21 32 21 Foodstuffs and tobacco number28 25 32 20 26 11 9 9 8 10 9 9 14 Leather and manufactures—.number.. 7 7 5 9 1 35 24 30 32 33 41 28 17 12 Lumber number . 32 28 33 23 27 29 27 28 19 26 15 38 25 28 23 26 Metals and machinery number37 12 12 9 10 4 12 11 14 10 17 15 Printing and engraving number7 9 12 11 7 12 11 8 9 8 12 4 Stone, clay, and glass number.. 11 7 16 30 30 29 43 40 24 27 37 31 30 46 Textiles - number . 51 26 93 96 93 75 112 80 97 102 76 79 Miscellaneous number 88 88 72 °Revised. tRevised series. Certain classes of loans included in figures shown through May 1934 have been reclassified and removed from the agricultural loan category. *New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues. Additional series on agricultural loans were first included in the June 1934 issue for banks for Cooperatives, including Central Bank and Productive Credit Associations, for October 1933-April 1934, and Emergency Crop Loans and Regional Agricultural Credit Corporations for April 1933-April 1934. Data for Emergency Crop Loans for fiscal years from June 1922-June 1931, and monthly periods for January 1932-March 1933, and Regional Credit Corporations for October 1932-March 1933 will" be shown in a subsequent issue. New series on "Brokers' Loans" not available prior to Sept. 1934. For brokers' loans by reporting New York City member banks, see November 1934 and previous issues. For new series on interest rates of Federal land banks see p. 20 of the April 1935 issue. Data on excess reserves prior to September 1934 will be shown in a subsequent issue. •These 3 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, to banks and other loans represent a break-down of the "All other" loans total which was published prior to October 1, 1935. JFigures subsequent to December 1933 represent gold certificates on hand and due from Treasury, plus redemption fund. JMethod of computing net demand deposits subject to reserve was changed by the "Banking Act of 1935" approved Aug. 23, 1935. Consequently figures since that date are not comparable with those for earlier periods. Data for months August 1934-August 1935 were incorrectly shown in the October 1935 issue. IData on Federal Reserve Reporting Member Banks represent operations in 101 leading cities. These series, according to a statement in the Federal Reserve Bulletin for November 1935, in the main, represent a continuation of the 101 city series published prior to the bank holiday. It is pointed out that although the banking crisis and subsequent developments affected these series considerably, the data reflect the course of banking developments during the disturbed period. Data on 101 cities were last shown in the May 1933 Survey for February 1933. Figures on the new basis not shown above will appear in a subsequent issue. See special footnotes above marked "• " and " A . " on Federal Reserve member bank loans and investments. x-$u 33 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 together with •xplanatory 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 ary ber ber 1935 March April May June July August September FINANCE—Continued FAILUBES-Continued Commercial failures—Continued. Total—Continued. 710 Traders, total number14 Books and paper number.. Chemicals, drugs, and paints 57 number. _ 116 Clothing number357 Food and tobacco -number General stores number.14 Household furnishings number. _ 61 91 Miscellaneous number.. Liabilities, total thous. of dol— 22,244 6,072 Agents and brokers thous. of dol— 7,658 Manufacturers, total thous. of dol.. Chemicals, drugs, paints 121 thous. of dol— 257 Foodstuffs and tobacco..thous. of dol._ Leather and manufactures 115 thous. of dol._ 2,237 Lumber thous. of dol Metals and machinery..thous. of dol— 486 460 Printing and engraving-.thous. of dol— 432 Stone, clay, and glass thous. of dol.. 1,014 Textiles .thous. of dol— 2,536 Miscellaneous thous. of dol— 8,514 Traders, total thous. of dol— 108 Books and paper thous. of dol Chemicals, drugs, paints 398 thous. of dol._ 1,040 Clothing thous. of dol— Foods and tobacco -thous. of dol— 4,270 79 General stores.._ thous. of dol— 698 Household furnishings—thous. of dol.. 1,921 Miscellaneous thous. of dol— 716 3 597 1 638 6 826 13 660 8 654 10 777 12 692 13 657 9 620 9 648 9 560 5 68 107 335 22 65 116 19,968 4,477 5,927 62 106 270 12 52 94 18,350 4,988 6,396 55 129 274 26 60 88 19,911 4,503 7,578 76 164 320 18 118 117 18,824 5,375 5,319 53 128 296 24 70 81 18, 738 4,722 6,383 56 86 293 26 87 96 18,523 5,006 6,842 47 110 345 33 103 127 18,064 2,673 5,601 80 85 330 25 71 88 15,670 2,171 6,205 65 102 281 18 86 96 20,463 8,789 4,827 59 85 285 26 75 81 20,447 6,838 4,994 53 114 282 24 66 100 17,846 5,138 5,853 41 65 270 23 59 97 21,838 7,386 4,212 38 263 20 237 36 271 157 209 164 97 62 135 382 160 162 383 91 249 70 362 8 126 221 303 73 1,654 333 139 312 418 2,697 9,564 57 94 1,018 342 183 316 481 3,705 6,966 5 73 1,652 991 281 138 350 3,786 7,830 51 59 836 818 135 132 550 2,423 8,130 124 315 1,291 1,054 180 265 784 2,233 7,633 61 235 1,678 1,761 83 269 670 1,949 6,675 63 234 1,474 287 363 302 527 1,872 9,790 117 141 844 827 205 123 488 3,032 7,294 243 187 668 752 13 634 576 1,657 6,847 123 339 784 956 145 579 765 2,838 8,615 43 3 880 1,201 102 454 786 2,293 6,855 59 276 111 233 90 187 587 2,204 10, 240 27 568 994 4,087 532 1,054 2,272 634 1,027 2,567 155 1,117 1,461 478 1,719 2,942 311 678 1,651 580 1,431 2,573 158 1,789 1,475 421 1,044 3,028 327 645 2,107 525 622 2,730 551 744 1,440 398 761 4,924 329 1,376 1,885 719 556 3,438 165 914 1,259 823 588 2,288 235 1,317 1,423 496 1,064 3,734 200 1,109 1,969 419 688 2,997 232 678 1,782 327 1,107 5,561 203 1,863 1,152 17,891 5,077 1,001 4,076 17,982 4,997 971 4,026 18,040 4,917 950 3,967 18,176 4,877 932 3,945 18,247 4,819 917 3,902 18,302 4,765 898 3,867 18,382 4,717 883 3,834 18,479 4,668 868 3,800 18,567 4,631 855 3.776 18,696 4,590 844 3,746 18, 786 4,552 831 3,721 18,887 4,517 821 3,696 7,517 2,503 1,758 2,626 630 7,603 2,577 1,784 2,630 612 7,834 2,804 1,791 2,629 610 7,948 2,878 1,805 2,630 635 8,016 2,959 1,812 2,635 610 8,097 3,013 1,829 2,637 618 8,201 3,087 1,850 2,643 621 8,327 3,163 1,881 2,639 644 8,375 3,199 1,888 2,637 651 8,531 3,264 1,973 2,623 671 8,639 3,318 1,998 2,627 696 8,693 3,385 1,979 2,633 696 2.880 2,869 2,868 2,861 2,854 2,846 2,841 2,834 2,829 2,821 2,813 2,807 1,104 25 821 258 694, 718 36,206 216,439 442,073 1,061 21 784 256 676,757 28,137 205,463 443,157 1,260 54 922 284 838,576 71,394 239,873 527,309 1,051 24 745 282 824,903 27,348 196,255 601,300 1,054 14 790 250 721,391 20, 388 209,017 491,986 1,185 23 892 269 768,491 30, 611 235, 261 502, 619 1,151 32 854 265 733,870 37,495 228,188 468,187 1,103 38 804 261 732,188 50,231 215,323 466,634 1,047 28 769 250 697,471 39,537 205,951 451,983 1,161 167 756 238 904,149 267,582 203,465 433,102 1,022 24 764 234 651,193 26, 524 208, 508 416,161 942 20 699 223 573,481 22,501 190,044 360,936 245,252 27,165 8,344 55,301 154,442 236, 514 36, 771 7,845 48,392 143, 506 367,481 73,579 9,753 104,056 180,093 302,195 71, 797 9,864 52, 549 167,985 244,330 27, 352 8,785 53,512 154, 681 252, 456 26, 605 10,114 54, 257 161,480 252,982 29,231 8,580 54,625 160,546 255,226 33,800 8,966 48, 658 163,802 242,554 30,611 8,415 52,331 151,197 269,121 39,836 9,567 55,488 164,230 240, 321 32, 591 9,281 51, 561 146,888 225, 617 24,716 8,537 53,941 138,423 495 213 49 58 175 476 206 46 57 167 590 251 59 71 209 135 645 305 55 70 215 534 231 53 61 189 545 233 54 64 194 540 226 54 66 194 500 203 52 62 183 490 201 51 59 179 126 483 199 50 58 176 456 183 150 57 166 414 168 44 53 149 LIFE INSURANCE (Association of Life Insurance Presidents) Assets, admitted, totalf. mills, of dol Mortgage loans.. mills, of dol— Farm _'—mills, of dol Other mills, of dol— Bonds and stocks held (book value): mills, of dol Government mills, of dol— Public utility ..mills, of d o l Railroad— mills, of dol— Other A mills, of dol Policy loans and premium notes mills, of dol Insurance written:f Policies and certificates thousands1,229 26 Group thousands Industrial thousands 934 Ordinary thousands 269 Value, total thous. of doL. 728, 438 Group thous. of dol— 31,338 Industrial thous. of doL. 233,988 Ordinary .thous. of dol— 463,112 Premium collections! thous. of dol— 254,369 Annuities . thous. of dol— 31,809 9,406 Group — ..thous. of dol— Industrial thous. of dol._ 49, 789 Ordinary .thous. of dol— 163, 365 (Life Insurance Sales Research Bureau) Insurance written, ordinary, total 502 mills, of dol._ 215 Eastern district mills, of dol.. 51 Far Western district mills, of dol__ 60 Southern district mills, of dol.. 176 Western district mills, of dol.. L&Dse rates 1925-26=100 MONETARY STATISTICS Foreign exchange rates:# .333 .330 . 326 .325 .322 .318 .326 .329 .330 .331 .329 .330 .327 Argentina • dol. per paper peso .169 .169 .233 .169 .169 .233 .234 .233 .228 .169 Belgium dol per belga .235 .169 . 168 .083 .084 .083 .082 .083 .082 .082 .082 .081 .083 Brazil dol. per milreis .082 .083 .084 .999 .999 .998 .993 1.025 1.002 .991 1.021 1.013 .999 .998 Canada dol per Canadian dol . 986 .995 .051 .051 .051 .051 .102 .051 .051 .104 .051 .051 . osi Chile J . dol per peso .103 .051 4.89 4.97 4.93 4.93 4.89 4.96 4.95 England . „ dol. per £ 4.99 4.87 4.84 4.78 4.91 4.94 .066 .066 .066 .066 .066 .066 .066 .066 .066 .066 .066 .066 .066 France dol per franc .402 .404 .403 .402 .404 .402 .404 .402 .401 .401 .402 .405 .403 Germany dol. per reichsmark .369 .372 .375 .372 .372 .373 .369 .360 .375 .368 .364 .370 India _. dol. per rupee .371 .082 .082 .081 .082 .083 .083 .085 .085 .085 .085 Italy dol. per lira.081 .086 .083 .287 .287 .291 .288 .285 .284 .280 .284 .287 .290 .292 .293 .289 Japan dol per yen .678 .676 .676 .680 .676 .675 .676 .680 .679 .676 .675 Netherlands _ dol per florin .677 .681 .137 .137 .137 .137 .137 .137 .137 Spain dol. per peseta .137 .136 .137 .137 .137 .137 .254 .252 .256 .252 .256 .251 .257 .255 .246 .249 .253 .255 .254 Sweden dol per krona .805 .801 .805 .801 .802 .802 .802 .801 .805 .802 .800 .804 Uruguay _dol. per peso.. .806 t Revised series. For earlier data see pp. 18,19, and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections. l 1 The nominal official gold value of the Chilean peso was changed from 3 pence gold to \ A pence gold as of Jan. 2,1935. # Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar. • Quotation based on paper peso since Dec 10,1933, instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue. A The figures for "other" bonds and stocks held (book value) for the months of January and February 1934 shown as 611 and 616 million dollars, respectively, in the monthly issues from May 1934 to April 1935 should read 514 for January and 518 for February. 34 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ber December 1935 1935 March April May June July August September FINANCE—Continued MONETARY STATISTICS—Continued Gold and money: Gold: Monetary stocks, U. S____.mills, of dol.. 9,545 Movement, foreign: Net release from earmark .thous. of dol.. 1,864 Exports thous. of dol.. 76 Imports thous of dol 315,424 Net gold imports, including gold released from earmark A*-thous. of doh. 313,484 Production, Rand fine ounces.. Receipts at mint, domestic.fine ounces- - 191,898 Money in circulation, total.mills. of dol. 5, 704 dilver: Exports thous. of dol.. 260 Imports thous. of dol 48, 898 Price at New York.. dol. per fine oz.. .654 Producton, world* thous. of fine oz.. Canada thous of fine oz 1,031 Mexico .. thous. of fine oz United States.._ thous. of fine oz_ 4,008 Stocks, refinery, end of month: United States.—, thous. of fine oz-_ 1, 076 Canada thous of fine oz 1,418 7,989 8,047 8,191 8,284 8,465 8,652 8,641 8,755 9,025 9,128 9,180 9,246 260 2,173 13,010 -85 310 121,199 61 140 92, 249 1,131 363 149, 755 236 46 122,817 -661 540 13, 543 - 2 , 301 62 148, 670 -1,535 49 140, 065 998 166 230, 538 -423 59 16,287 1,373 102 46,085 1,015 86 156,805 11,097 885,627 153,887 5,473 120,804 878,847 96,365 5,494 92,170 866,037 119,864 5,577 150, 523 890,875 98, 590 5,411 123,007 821, 246 79, 564 5,439 12,342 882,309 117, 786 5,477 146,307 869,956 97,080 5,500 138,481 916,035 114, 552 5,507 231, 370 889,026 112,619 5,522 15,805 927,803 167,667 5,550 47, 356 929,331 155, 793 5,576 157, 734 902, 333 173,899 5,651 1,162 14, 425 .524 15, 581 1,039 6,821 2,099 1,698 15,011 .543 15,349 1,517 6,241 1,976 1,014 8,711 .544 15, 462 1,187 5,614 2,917 1,248 19,085 .544 16,703 1,531 6,892 2,722 1,661 16, 351 .546 16,167 905 6,640 3,411 3,128 20,842 .590 14, 951 966 5,107 2,950 1,593 11, 002 .678 14,550 1,001 5,192 2,579 2,885 13,501 .744 16,072 1,896 5,193 2,693 1,717 10, 444 .719 15,157 1,148 5,432 2,387 1,547 30, 230 .682 17, 309 1,156 6,454 3,352 2,009 30,820 .664 «19,927 1,703 8, 553 3,170 1,472 45, 689 .654 « 18, 770 1,185 7,444 3,548 4,419 2,593 916 2,955 1,146 2,743 1,369 3,452 1,614 3,144 1,853 3,106 2,372 2,513 3,280 2,112 2,351 1,930 1,943 1,842 1,487 1, 576 a 1,691 1,746 NET CORPORATION PROFITS (Quarterly) Profits, totalj mills, of dol.. Industrial and mercantile, total mills, of doL. Autos, parts and accessories mills, of doL. Foods mills, of dol.. Metals and mining mills, of dol.. Machinery mills, of dol Oil mills, of dol.. Steel and railroad equip...mills, of doL. Miscellaneous .-mills, of doL. Public utilitiest___ mills, of doL. Railroads, class I (net railway operating income) mills, of doL. . . . . Telephones (net op. income).mills, of dol.. 358.5 *58. 9 115.2 157.8 < * 3. 0 i » 17.9 * 8. 4 2 4 8.6 d 10. 5 41 6 »45. 6 18.9 9.4 4 6 1 9 d 0.8 35.6 44 7 67.7 19 2 *9. 4 6 5 v 10 6 4 2 6 5 42.4 119.3 84.8 110.0 48.3 ~ PUBLIC FINANCE (FEDERAL) Debt, gross, end of month mills, of doL. 29,462 28, 668 27, 299 27,188 28, 479 29,120 28,526 28,817 29,421 28,476 29,033 28,638 28,701 Expenditures, total (incl. emergency) <$ thous. of dol. . 870, 626 771, 530 656, 589 663, 725 481, 343 528,998 576, 224 815,151 " 283,651 930, 747 847, 317 701, 774 457, 776 Receipts, total^.. thous. of dol.. 288,867 302, 287 292, 219 439,088 233, 486 237, 248 645, 605 267,822 266,178 496, 042 301, 883 330,301 586, 339 Customs thous. of dol 31,453 29,711 30, 509 28, 376 32. 428 33,276 26, 351 32, 303 29,704 24, 960 30, 339 37,127 28,177 Internal revenue, total thous. of dol - 192,218 209, 697 189,119 333', 785 194, 366 181, 621 557, 304 194,083 206, 677 427, 906 236, 962 229, 639 378,870 Income taxthous. of doL. 28,213 24,385 23,963 19,189 22,528 163,057 22, 321 321,908 230,227 24,835 251, 889 23,172 33,310 Reconstruction Finance Corporation loans outstanding, end of month:f§ Grand total . thous. of dol.. 2,811,325 2,649,695 2,664,115 2,682,007 2,657,851 2,652,006 2,636,883 2,644,990 2,659,850 2,747,497 2.813,311 2,822,360 2,829,186 Total section 5 as amended, thous. of doL. 1,032,390 1,275,322 1,285,262 1,295,746 ,251,295 1,217,078 1,179,938 1,163,714 1,160,976 1,137,162 1,102,849 1,082,977 1,061,465 Bank and trust companies, including receivers _ .thous. of dol.. 411,729 579,817 595,070 626, 390 591,633 564, 481 535, 362 519, 200 498, 977 480, 404 455,928 441,825 427, 657 Building and loan assoc.thous. of doL. 11,182 24,604 22, 558 19,951 10, 307 15, 477 13, 428 10, 294 12,129 8,359 9,494 9,808 8,854 Insurance companies thous. of doL. 10,011 21,157 29,852 29, 250 24, 745 23, 953 21,959 19, 841 18, 052 22, 526 17, 628 19, 231 17,163 Mortgage loan companies thous. of dol_- 131, 771 158, 762 155, 628 159, 736 155, 840 154,957 151,491 148,861 146,257 145, 551 139,972 136,396 132,346 Railroads, incl. receivers.thous. of doL. 412, 810 353,491 361,830 376, 894 379,464 379, 702 380,199 386, 612 413,414 414,344 413,338 413,350 412,903 All other under section 5.thous. of doL. 57, 710 128, 796 120, 926 88,030 76, 702 81,984 72,193 84, 928 62,442 65, 252 78,798 67, 824 64, 284 Total emergency relief and construction act as amended thous. of dol__ 751,487 473,910 465. 591 473,037 478, 385 481,064 489,673 502, 596 512, 671 614,743 700, 359 724, 797 746,800 Self-liquidating projects.thous. of dol__ 167,266 112,063 116,891 122, 536 125, 203 127, 604 132,134 134,268 137,311 146, 457 154, 690 168, 259 148, 525 Financing of exports of agricultural surpluses thous. of doL. 14, 300 14, 992 14,962 15,216 14,953 14, 517 15,176 15,163 14,926 14,531 15,176 14,300 Financing of agricultural commodities, 14,517 and li vestock thous. of dol.. 272,118 35,935 48,626 44, 875 55, 656 37,552 62, 744 156, 066 257,969 40, 288 40, 579 267,142 239, 629 Amounts made available for relief and work relief thous. of dol . 296, 803 298, 006 297,774 297,774 297, 718 297, 718 297,711 297, 710 297, 690 297, 689 297,621, 297,099 297, 688 Total bank conservation act as amended thous. of dol... 906,900 837, 742 849,432 863,984 873,979 895,904 902, 833 900,013 902,099 905, 262 904,341 902, 629 903,508 Other loans and authorizations 63,830 62, 721 64,439 thous. of dol. . 120,548 49, 240 84,104 90,330 54,192 116,580 78,667 111,957 51,960 106,595 d A Or exports (—). • Revised. » Preliminary. Deficit. •Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series for the period January 1928-August 1934 presented in the SURVEY covered the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931,82.0; 1932,75.5; and 1933, 77.5. 3 Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures for the period May 1932 to March 1933 are on p. 33 of the June 1934 issue. Later data are shown in monthly numbers. »The item of $333,245,378 carried by the Treasury as a credit under the trust funds for May represents a transfer of that amount from the general fund to the trust funds. Amount represents deposits of governmental agencies for which Treasury has been acting as fiscal agent. The amount therefore has not been included in the May total of receipts and expenditures. IFor 1934 includes $2,808,221,138 for February, $2,233,252 for March, $409,052 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843 for September, $173,702 for October, $116,585 for November, $132,296 for December. For 1935 includes $123,639 for January, $68,241 for February, $157,328 for March, $89,144 for April, $96,103 for May, $105,773 for June, $65,219 for July, $62,055 for August, $62,946 for September, and $56,256 for October, representing the increment resulting from reduction in weight of gold dollar. *For earlier data on net gold imports see p. 20 of the December 1932 issue. §This excludes relief grants to States by the R. F. C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator. During 1934 these amounted to $499,650,000 on Jan. 31, Feb. 28, Mar. 31, and Apr. 30, $500,000,000 disbursed for relief purposes under Emergency Appropriation Act of 1935, and $10,000,000 purchase of stock in R. F. C. Mortgage Co. and $12,500,000 for preferred stock subscription in export-import banks. tRevised series. See p. 19 of the July 1934 issue, corporation profits total for period 1928-35 and p. 20 of the October 1935 issue for public utilities, 1928-35. The data of the Reconstruction Finance Corporation has been revised to include the statistics of certain loaning agencies of the Corporation not included heretofore and for revisions made in recent audits. Revised data for February 1932-June 1935, inclusive, are shown on p. 20, of August 1935 issue. 35 SURVEY OF CURRENT. BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 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 ber 1935 March April May July August September 644.452 644,452 0 541,975 173,433 0 0 0 435,921 359, 921 76,000 209,862 92,378 0 5,660 0 435, 763 435, 763 0 275,854 94, 707 0 475 0 0 0 0 35,412 73,412 3,000 0 164,172 16, 500 0 85,562 64,498 12, 700 147, 209 134,127 151,537 58,083 134,127 151,537 13, 676 55, 090 29,795 177,139 177,139 45,087 June FINANCE—Continued CAPITAL ISSUES Total, all issues {Commercial and Financial Chronicle) ... thous. of d o l . . Domestic, total thous. of dol_. Foreign, total thous. of d o l . . Corporate, total thous. of dol__ Industrial thous. of doL _ Investment trusts thous. of dol._ Land, buildings, etc thous. of doLLong-term issues thous. of doL_ Apartments and hotels thous. of doL _ Office and commercial thous. of doL _ Public utilities -thous. of dol__ Railroads thous. of dol._ Miscellaneous thous. of doL _ Farm loan and Gov't. agencies • thous. of doL _ Municipal, States, etc thous. of dol_. Purpose of issue: New capital, total thous. of doL_ Domestic, total thous. of doL_ Corporate thous. of doL_ Farm loan and Gov't. agencies thous. of doLMunicipal, States, e t c . t h o u s . of doL_ Foreign thous. of doL _ Refunding, total thous. of d o L . Corporate . . t h o u s . of doL _ T y p e of security, all issues: Bonds and notes, total thous. of dol._ Corporate thous. of doL_ Stocks thous. of doL _ tate and municipals (Bond Buyer): Permanent (long term) thous. of d o L . Temporary (short term) thous. of d o L . 95,818 288,495 503,148 95,818 288,495 503,148 0 0 0 29, 791 120,165 155,878 7,791 44, 750 21,200 0 0 0 0 0 568 568 0 0 470,850 511,910 470,850 511,910 0 0 126. 760 129,164 86, 700 28,500 0 0 325 0 325 0 Q 141,668 131,668 in onr\ 186,127 186,127 Q 252, 395 65,499 4,000 482 0 31, 390 9,390 0 0 0 29,800 600 0 0 0 47, 259 4,038 18, 500 0 0 140,852 140,852 0 7,726 4,319 0 0 0 0 0 0 0 0 0 180, 644 0 1,770 0 20,000 2,000 0 0 28,000 1,200 0 0 1,360 23,072 290 0 2,963 0 444 38,962 71,343 83,000 «42, 749 10,000 91,868 18, 300 120, 568 36, 200 96, 926 12,500 20,000 195,500 53, 527 148, 330 151,770 145,514 «»121,820 145,514 "121,820 390 73,003 107,036 107,036 8,227 140,941 140,941 34,861 92, 097 92,097 5, 267 50,011 50,011 6,500 83, 000 •38, 430 0 "35,319 31. 000 10,000 88,809 0 34, 632 21, 573 0 106,080 0 45,185 12,398 6,000 80,830 0 48, 755 2,459 0 0 3,500 43,511 100,134 64,362 0 0 0 45,807 180,416 413,299 23, 291 112, 220 113,891 344,078 "156, 749 233,774 31, 390 18,621 390 141, 668 29,800 0 184,800 47, 259 1,327 138,848 5,722 2,004 95,818 288, 495 498,454 29, 791 120,165 155,879 0 0 4,695 69, 748 14,079 89,879 23,160 114,183 42,023 83,003 119,686 56,113 50, 946 89.39 91.23 80. 61 89.85 91.68 80.97 90.73 92.57 81.58 91.30 93.35 81.06 91.29 93.35 80.94 89.49 91.79 77.80 90.69 92.95 79.50 90.62 92.81 79.84 91.62 93.94 80.17 81.25 82.05 83.91 86.02 83.16 79.00 78.37 79.60 81.08 75.40 77.13 80.06 83.07 83.75 81.20 80.47 82.97 83.35 92.76 95.39 96.18 98.45 89.26 89.91 89.07 90.09 89.87 103. 25 104.68 107.47 110. 25 112. 52 111.42 112.58 113. 57 115.07 64.52 98.4 104. 69 65.94 63.49 98.8 104.85 67.17 64.61 100.0 105. 53 66.83 65.64 101.3 106. 50 70.10 62.22 101.3 107.11 68.96 54.88 99.9 107.18 65. 07 54.04 100.0 107. 30 66.07 54.66 101. 2 107. 40 65.61 57.10 102.2 107. 27 65 92 278, 238 98, 503 250,094 56, 359 272,869 52, 667 330, 646 220, 256 310.655 94, 716 48, 239 113.211 265,990 60,483 284,155 61,840 263,350 42,175 44, 083 36, 461 7,622 39, 406 33, 262 6,144 44,144 36, 612 7,533 39, 665 33, 566 6,099 44,816 37, 307 7,508 40, 660 34,535 6,125 45,101 37, 676 7,425 40, 36J 34, 584 5,776 44,267 36,856 7,411 40,147 34,256 5,891 43, 720 36, 322 7,397 39, 618 33, 712 5,906 43, 511 36,172 7,339 39, 864 4.51 5.09 3.69 4.56 4.68 4.48 4.99 3.57 4.53 4.82 4.40 4.88 3.52 4.47 4.70 4.32 4.75 3.45 4.44 4.63 4.32 4.75 3.39 4.41 4.72 4.41 4.76 3.27 4.44 5.15 4.34 4.77 3.25 4.41 5.18 3.94 3.89 3.81 3.61 3.55 3.37 (2) .21 3,08 (*) .22 3.05 (2) .15 2.97 ) .14 2.83 .12 2.73 () . 10 2.69 140, 477 343,031 231,750 181,107 362, 699 "157,139 362,699 "157,139 15,000 57,512 0 217,185 179,392 IU, UuU Q 0 0 11, 000 8,000 3,000 0 0 0 58, 470 16,945 0 0 84,339 27, 400 22, 372 0 19, 500 20, 235 0 108,079 108,079 7,945 89,850 89,850 21,988 146,403 159,223 64, 496 84,680 0 0 0 88,164 338,591 12, 500 651 0 29,300 267, 394 319,000 76, 696 63, 746 86, 395 86, 395 45,193 10,500 91,977 0 0 0 41, 202 44, 407 83,322 0 0 0 384, 455 453,827 510,325 81, 567 115,488 486, 885 464, 650 511,910 611,219 120, 560 129,161 508,742 6,200 33,233 0 86, 580 34,427 85,262 36,480 0 284,385 180,067 0 132,052 0 258, 624 230,767 406,559 209,862 29,362 431,936 275,854 3,827 70, 754 «94,293 « 52,956 36, 037 83,833 32,941 115,208 81,415 SECURITY MARKETS Bonds Prices: 90.24 All listed bonds (AT. Y. S. E.) dollars.. 92.85 Domestic issues dollars77.62 Foreign issues dollars.. Domestic (Dow-Jones) (40) percent of par 4% b o n d . . 79.51 Industrials (10) percent of par 4% b o n d . . 89.77 Public utilities (10) percent of par 4% b o n d . . 92.61 Rails, high grade (10) percent ot par 4% b o n d . . 112. 55 Rails, second grade (10) percent of par 4% b o n d . . 51.31 Doinesticf (Stand. Stat.) (60) dollars.. 101.9 U S. Government (Stand. Stat.)*..dollars.. 106.06 Foreign (N. Y. Trust) (40).percent of p a r . . 62.71 Sales on New York Stock Exchange: Total -thous. of dol. par v a l u e . . 275, 727 Liberty-Treas. . t h o u s . of dol. par value. _ 51,997 Value, issues listed on N. Y. S. E.: Par, all issues mills, of dol._ 42,299 Domestic issues mills, of d o L . 35, 050 Foreign issues mil's, of d o L . 7,249 M a r k e t value, all issues mills, of dol__ 38,171 Domestic issues mills, of d o l . . 32, 543 Foreign issues mills, of d o l . . 5,627 Yields: Domestic (Standard Statistics) (60) f percent.. 4.28 Industrials (15) . percent.. 4.51 3.16 Municipals (15)t-percent.. 4.31 Public utilities (15) percent-. 5.12 Railroads (15) percent-. Domestic, municipals (Bond Buyer) (20) 3.34 percent... Domestic, U. S Government: U. S. Treasury bills: 91-day bills*A ..percent.. (2) 182-day bills*A percent.. U S. Treasury bonds*.._ percent.. "~2.~77~ 45, 033 44,979 37,478 37, 564 7,501 7,469 41,064 ! 41,112 34,984 35,067 6,080 6,045 91.71 94.12 79.74 81.95 86.97 90.54 93.07 78.12 89.93 92. 65 76. 73 81.90 81.82 87. 35 88.87 91. 36 92. 08 113. 83 113. 83 56.60 104.2 107.11 62. 36 55. 58 103.1 10G. 11 61.79 235, 675 286,903 73, 674 23,471 249,795 64,422 91.81 116. 65 56.01 104.2 107. 52 64. 49 5,884 43, 026 35,694 7,332 39,457 33, 597 5,860 43,145 35,825 7,320 39,062 33, 343 5,719 42, 671 35,391 7,280 38, 375 32, 789 5, 586 4.32 4.65 3.27 4.36 5.00 4.26 4.63 3.25 4.34 4.82 4.13 4.53 2.95 4.23 4.81 4.13 4.54 2.87 4.23 4.88 4.20 4.54 3.08 4.26 4.90 3.39 3.46 3.31 3.25 3.34 3.51 2.64 2.61 <*> 2.66 2.77 145, 777 256,594 185,306 2.59 Cash Dividend and Interest Payments and Rates Dividend p a y m e n t s (Ar. Y. Times) thous. of d o l . . 157,809 Industrial and miscellaneous thous. of dol— 151,055 6,754 Railroad -thous. of d o L . 212, 606 202,988 130,960 323, 523 219,253 152,303 196, 048 199,945 124,225 296,470 193,848 132,174 239,561 181,997 3,308 28,804 3,042 17,033 16, 558 6,735 27, 053 25,405 13,603 • Revised. » Discontinued by reporting source in December 1934. • Has included smce July 1934 other than Farm loan issues for which Treasury has acted as fiscal agent. f Revised series on domestic bond prices for July 1931-February 1933 appeared on pp. 19 and 33 of the April 1933 issue. For earlier data oo yield of domestic and municipal bonds see pp. 19 and 33, of the April 1933 issue. * New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years) for years 1926-1934; for data for years 1919-25 see p. 20 of the November 1935 issue. See special note below on yield on U. S. Treasury bills. See p. 20 of the June 1933 Issue, U. S. Government bond prices. A Monthly data on yields from 91-day bills, for period December 1929 to May 1934 are shown on p. 20 of January 1935 Issue. Data on yields from 182-day bill not ivailable prior to February 1934 135,419 5,058 319,129 23,902 209,080 22, 670 36 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and refer" ences to the sources of the data, may be found in the 1932 Annual Supplement to the Surrey 1935 December 1935 1934 1935 October October Novem- Decem- January February ber ber March April May June 1,168. 7 1,177. 5 1,184.4 918.08 918.08 918.08 1,181.6 918.42 1,184.4 918.42 1,186.1 918.42 1,186.9 918.42 July August September FINANCE—Continued SECURITY MAKKETS-Continued Cash Dividend and Interest Payments and Rates—Continued Dividend payments and rates (Moody't): Dividend payments, annual payments at current rate (600 companies) mills, of dol— 1,243. 7 1,137.1 Number of shares, adjusted millions.. 918.42 918.08 Dividend rate per share, weighted average (600) dollars1.35 1.24 Banks (21) dollars2.99 3.77 Industrial (492) dollars1.19 .99 Insurance (21) dollars2.23 1.71 Public utilities (30) dollars1.83 1.98 Railroads (36) dollars1.24 1.20 Stockf Prices: Dow-Jones: Industrials (30) dol. per share— Public utilities (20) _dol. per shareRailroads (20) dol. per share— New York Times (50) dol. per share.. Industrials (25) _dol. per share. . Railroads (25) dol. per share.. Standard Statistics (421) 1926=100Industrials (351) -1926-100Public utilities (37) 1926-100— Railroads (33) 1926-100Standard statistics: Banks, N. Y. (20) 1926-100Fire insurance (20) 1926=100Sales, N. Y. S. E thous. of sharesValues, and shares listed, N. Y. S. E.: Market valuealllisted shares-mills, of dol— Number of shares listed millionsYields: Common, Standard Statistics (90) percent.. Industrials (50) percentPublic utilities (20). percentRailroads (20) _ —percentPreferred, Standard Statistics: Industrials, high grade (20) percent.. Stockholders (Common Stock) American Tel. & Tel. Co., total., .number __ Foreign _ number.. Pennsylvania Railroad Co., total ..number.. Foreign number.. U. S. Steel Corporation, total numberForeign. _ ..number.. Shares held by brokers._.percent of total.. 1,163.9 918.08 1,190. 2 1, 225.0 918.42 918.42 1, 230. 6 918.42 1.27 3.77 1.03 1.71 L98 1.21 1.27 3.73 1.06 1.78 1.90 1.21 1.28 3.68 1.07 1.91 1.87 L24 1.29 3.68 1.08 1.91 1.87 1.24 1.29 3.28 1.09 1.91 1.86 1.24 1.29 3.28 1.10 1.91 1.86 1.24 1.29 3.28 1.10 2.07 1.84 1.24 1.29 3.19 1.10 2.17 1.84 1.24 1.30 3.19 1.11 2.23 1.83 1.24 1.33 3.19 1.16 2.23 1.83 1.24 1.34 2.99 1.17 2.23 1.83 1.24 116.0 21.4 32.5 127.1 25.9 35.4 102. 59 177.22 27.96 83.3 95.2 81.6 35.9 131.5 25.7 36.0 105.78 183. 20 28.37 85.0 97.5 81.9 37.0 61.7 130.4 26.0 33.8 108.16 189,58 26.74 86.1 99.5 82.1 34.5 93.5 19.8 35.7 81.71 135.32 28.11 67.3 76.4 62.9 35.6 18.8 35.8 85.14 141. 62 28.67 69.4 80.1 60.7 35.3 101.6 18.0 36.5 85.07 141.46 28.68 69.2 80.3 58.2 35.8 103.1 17.5 35.5 85.82 144. 21 27.43 69.7 81.4 57.4 34.6 103.0 16.5 32.4 84.64 144. 23 25.06 67.8 80.0 54.5 31.8 99.8 15.6 28.5 80.74 139. 48 22.01 63.9 75.4 53.2 27.8 106.0 17.9 30.1 85.68 147.56 23.81 67.5 78.9 69.1 29.4 113.8 19.2 31.0 89.84 155.64 24.05 73.1 85.5 64.5 31.0 166.03 25.63 76.0 88.0 7a 4 32.7 122.7 22.5 33.6 98.91 171.78 26.05 79.4 91.7 73.9 34.1 55.8 92.8 46,663 48.7 67.3 15,661 51.6 72.4 20,868 49.1 73.2 23,588 51.5 73.7 19,410 53.4 74.2 14,404 47.5 72.3 15,948 47.4 75.2 22,408 47.3 79.2 30,438 49.8 83.2 22,340 56.8 89.7 29,429 42,923 56.6 93.0 34,748 43,002 1,307 31,613 1,305 33,888 1,305 33,934 1.305 32,991 1,305 32,180 1,303 30,936 1,304 33,548 1,302 34,549 1,304 36,227 1,304 38,913 1,308 39,801 1,307 40,479 1,307 0) 0) 0) (0 4.22 3.83 6.71 3.70 4.14 3.70 7.14 3.72 4.25 3.76 7.84 3.68 4.24 3.74 8.02 3.79 4.24 3.74 8.07 4.13 4.51 4.01 8.12 4.70 8 0) 0) (0 0) 8 8 0) 6.70 4.50 8 5.19 5.79 5.64 5.48 5.42 5.38 5.33 5.30 6.19 5.22 5.19 5.17 674,739 7,826 232,998 3,156 191,446 4,083 19.44 4.35 0) (») 93.3 0) 8 (0 671,324 7,847 231,970 3,145 190,375 4,021 19.55 675, 755 7,877 232,634 3,152 191, 224 4,062 19.34 5.19 664,095 7,816 230,086 3,126 187,533 3,979 20.40 FOREIGN TRADE INDEXES Value: Exports, unadjusted 1923-25=100.. Exports, adjusted for seasonal variation 1923-25 = 100.. Imports, unadjusted 1923-25=100.. Imports, adjusted for seasonal variation 1923-25=100.. Quantity, exports: Total agricultural products.. 1910-14 = 100.. Total, excluding cotton 1910-14=100- 58 54 51 45 46 43 49 43 44 45 46 45 52 48 59 45 40 45 47 42 41 45 52 47 47 48 55 46 63 46 53 50 49 52 55 49 52 50 50 58 39 47 41 51 48 49 49 52 51 60 54 53 87 61 82 70 73 58 62 46 57 43 50 39 45 41 41 30 40 35 44 33 39 33 36 35 64 52 VALUE 5 Exports, incl. reexports ._.,thous. of dol.. 221, 238 •206,413 •194,712 •170,654 176, 223 163,006 185, 001 164,350 165,457 170,193 173,371 172,204 198,189 By grand divisions and countries: 6,797 7,927 9,211 Africa.._ thous. of dol._ 8,135 8,006 9,950 8,878 6,376 7,149 5,757 •7,293 •6,664 6,279 Asia and Oceania _. thous. of dol— 34,143 37,400 46,883 41,837 « 44, 310 39,969 37,403 38,593 34,100 33,441 33,325 31, 598 29,475 Japan thous. of dol— 16,402 16,996 26,994 22, 846 • 23, 303 19,901 15,974 14,744 13,719 13,977 14,108 11,864 11,680 Europe thous. of d o l - 115, 315 •95,180 • 88, 564 • 69, 376 96,926 78,550 66,482 76,013 63,388 64,945 69,380 69,722 72, 590 7,316 France __ thous. of dol— 10,746 • 10,561 9,131 •9,903 7,544 7,326 7,334 8,614 9,298 8,741 7,345 7,824 8,891 Germany thous. of d o L . 9,885 •6,316 •5,055 • 4,774 4,735 6,075 6,113 4,819 4,980 7,027 6,348 5,553 4,796 Italy thous. of dol._ 6,529 6,226 8,445 4,821 6,233 6,870 6,947 4,156 3,552 5,565 5,167 5,596 53,513 United Kingdom thous. of dol— 59 098 •46,830 •40,281 • 28, 508 37,968 25,766 29,444 20, 550 24, 238 21,924 24,306 32,280 28,063 North America, northern.thous. of dol__ 31,084 •27,458 •26,638 •21,327 23,151 23,664 26,532 28, 957 31, 380 28,170 30,141 28,611 27, 418 Canada thous. of d o l . . 30,349 • 26,913 • 26,021 •20,957 22,815 23,317 26,005 28,582 30,636 27,723 29,679 27,986 15, 700 North America, southern-thous. of dol._ 18,090 • 17, 355 «15,287 • 15, 827 15,674 14,353 18,706 15, 747 16,195 17,342 17,624 16,216 4,916 Mexico thous. of dol— 5,817 • 5, 856 •4,330 •4,387 5,035 4,370 5,963 5,370 5,625 6,368 6,004 4,758 13,821 South America thous. of d o l . . 13,728 • 13, 780 15,092 «13,150 13,503 13,955 17,021 14,150 12, 699 14,048 15,064 15, 363 4,143 Argentina thous. of d o l 3,436 4,135 3,780 2,946 3,504 3,765 4,623 3,864 3,535 4,383 4,622 4,916 3,196 Brazil thous. of dol— 3,414 2,961 4,359 3,225 3,551 3,534 4,125 4,024 3,158 3,474 3,733 3,596 1,283 Chile thous. of d o l 1,089 • 1,047 • 1,644 1,271 1,110 1,316 1,316 1,088 1,119 1,209 1,432 1,069 • Revised. i Temporarily discontinued by the reporting source. § 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, and for 1934 revisions see p. 19 of this issue. 37 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 together with explanatory footnotes and references to the sources of the data, may be found Novem- Decem- January Februin the 1832 Annual Supplement to the Surrey October October ber ary ber 1935 March August September April May June July 181,969 40,450 21.8 16,215 3,681 12,534 5.4 160,709 38,222 21.8 12,875 3,201 9,674 167,226 40,600 23.4 15,467 4,014 11,453 168,006 38,340 19.2 15, 336 5,220 10,116 169, 761 40,875 16.6 15,629 4,788 10,841 4.1 1.4 4.0 3.2 1.2 159,789 36,920 19.4 15,404 3,715 11,689 FOREIGN TRADE—Continued VALUE •—Continued Exports, incl. reexports—Continued. 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, semi-....thous. of dol. Manufactures, finished..thous. of dol. Autos and parts mills, of dol. Gasoline mills, of dol. Machinery mills, of dol. Imports, totals thous. of dol. Imports for consumption* thous of dol. By grand divisions and countries:#cT 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:#tf Crude materials tbous. of doL Foodstuffs, crude.thous. of dol. Foodstuffs, manufactured-thous. of dol. Manufactures, semithous. of dol. Manufactures, finished thous. of dol. 195,537 68,677 31.8 22, 399 7,074 15,325 11.8 2.6 1.3 29,309 75,152 13.3 6.1 20.5 161,653 168,689 218,138 "203,536 «192,156 <*168,442 82,604 « 82,871 « 71, 779 » 54,525 45.9 43.4 39.2 35.0 23,695 a 21, 791 < 18,281 ° 15,668 • 7,974 a « 5, 264 « 4,412 «3,620 15, 721 16,527 13,869 12,048 9.0 5.4 5.4 12.5 173,580 55,814 32.2 16,253 4,086 12,167 30, 291 "28,804 « 30,415 ° 30, 316 81, 548 a 70,069 « 71,681 ° 67, 933 14.1 12.4 11.0 12.4 5.1 4.2 4.1 «3.3 23.5 18.7 20.6 19.1 189, 240 a °129,635 150,919 -132, 258 189,688 137,975 «149,470 °126,193 1.2 27,196 74,297 17.2 4.S 18.2 167,006 168,623 25,483 73,565 20.5 30,827 94,477 25.0 26,205 83,406 22.0 26,430 81,035 18.6 28,914 82,246 20.1 28,135 86,196 19.4 31,018 82,239 15.7 18.8 152,537 152,288 23.7 177,279 175,408 22.8 170,567 166,152 22.2 170,559 166,791 23.3 177,698 174,162 23.9 169,030 180,444 3,098 55,352 11,496 43,849 3,610 5,109 2,223 12,389 24,480 23,773 22,587 3,267 24,795 6,611 8,384 1,657 3,129 52,112 12,839 46,635 4,557 6,491 2,795 11,711 23,905 23,266 32,359 2,979 22,304 6,687 7,394 2,424 52,380 13,888 52,915 4, 796 7,326 2,924 14,895 27, 334 26, 708 11, 845 3,014 21, 791 712 8,205 1,515 49,844 23,653 20, 742 38,422 36,027 2.8 1.5 4.9 1.7 5.6 1.7 4.1 1.4 5.3 4.7 160,312 44,995 27.1 16,270 3,897 12,373 6.2 4.4 1.2 2.8 5.0 3.1 4.7 4.3 1.4 4.5 5.6 3.3 1.1 6.4 6.4 3.3 1.1 6.3 6.6 3.2 1.2 5.8 2,579 » 2,624 «2,485 57,319 « 36,862 42,709 16,594 10, 242 11,818 65,053 a 40, 543 47,862 7,565 4,560 6,165 7,702 5,719 5,675 4,723 «3,400 M, 115 15,820 a 8,215 «10, 375 29,741 a 22, 500 21,974 28,573 a 21,664 21,602 10,183 15, 367 «13,340 3,227 a 2,165 2,279 24,813 20,079 21,100 5,251 2,222 2,302 9,934 10,219 9,508 1,344 ° 1,941 1,912 "1,963 ° 26,550 « 7,014 ° 36, 973 -5,165 « 5,084 ° 2,899 « 7, 741 « 24,459 « 23,712 «19, 486 3,484 «16,762 «3,633 •6,289 •1,700 3,016 60,515 10,196 46,614 4,644 7,024 2,764 10,970 19,555 19,248 18,864 4,023 20,059 2,980 8,181 1,909 4,746 50,922 12,251 40,606 4,054 5,918 2,674 11,065 18,342 18,194 14,242 3,869 23,429 4,419 9,194 2,324 5,921 54,221 12,428 46,498 4,643 6,340 2,866 11,621 21,311 20,880 20,968 4,449 26,508 6,675 8,610 2,904 3,771 50,256 11,276 46,418 5,875 6,451 3,560 11,513 22,677 22,357 20,152 3,420 22,879 4,853 7,549 3,388 2,363 46,360 11,668 47,725 3,914 5,747 2,533 12,883 27,394 26,984 19,485 3,516 23,465 5,413 7,818 2,712 20.6 156,756 155,314 3,085 45,743 10,441 43,232 4,340 5,338 2,503 11,153 23,389 22,563 18,112 3,080 21,753 6,336 6,044 1,860 55,398 29,492 22, 256 38, 587 43,955 a « 28,797 •20,047 27,660 • 21,094 • 28,595 43,133 27,693 38,118 29,550 30,129 45,209 30,118 21,609 29,029 26,322 50,378 33,605 25,662 35,237 30,626 45,900 27,514 28,588 30,729 33,422 44,361 26,337 28,661 33,577 33,855 43,733 23,078 26,342 31,715 30,446 53,029 24, 232 32,291 32,106 32,504 50,212 24,726 38,849 31,290 35,367 •35,165 « 24,156 ° 22,694 * 26,115 * 29,846 « 40,121 « 25, 584 « 22, 239 « 27,443 34,082 4,970 TRANSPORTATION AND COMMUNICATIONS TRANSPORTATION Express Operations Operating revenue thous. of doL_ Operating income .thous. of dol.. Electric Street Railways 8.101 Fares, average (320 cities).. cents.. 764,558 Passengers carriedt thousands.. Operating revenuest Railroads thous. of dol Steam 7,521 7,497 8,051 7,513 6,079 7,918 7,593 7,619 7,671 146 142 7,274 140 7,204 141 138 138 142 133 134 136 139 8.126 745,910 54,467 8.126 709,627 51,551 8.126 761,702 55,736 8.120 758,052 55,302 8.120 704,736 61,275 8.120 771,846 56,104 8.120 747,350 54,733 8.120 748.630 54,634 8.120 693, 542 50,929 8.101 663, 348 49,041 8.101 662, 696 49, 244 8.101 685,430 50,323 Freight carloading (F. R. B.): 63 64 61 59 60 73 Index, unadjusted. 1923-25-100.. 73 64 60 56 68 61 62 59 61 63 60 64 70 60 62 64 68 61 56 76 53 60 72 48 56 Coal 1923-25 ==100.. 76 69 70 76 82 81 77 53 60 72 48 56 66 82 69 70 81 77 76 49 40 43 46 50 Coke 1923-25=* 10061 61 46 44 54 69 70 52 46 50 49 40 43 56 44 52 54 69 70 46 43 35 35 37 38 42 Forest p r o d u c t s . 1923-25 - 100.. 43 31 29 26 28 36 34 35 35 37 38 42 44 34 29 28 36 31 26 56 90 69 78 57 55 Grain and products 1923-25*100-. 78 65 60 57 54 54 57 67 57 55 56 69 90 90 60 67 65 57 57 30 30 63 38 38 Livestock. 1923-25«100.. 63 83 64 64 51 44 37 34 34 38 38 30 30 39 54 44 37 83 51 39 67 66 65 62 63 65 65 65 64 63 64 Merchandise, 1. C. 1 1923-26»100. _ 67 66 65 62 61 61 63 65 65 65 64 63 64 67 79 42 14 8 25 71 83 87 87 10 Ore. 1923-25=»100._ 79 42 14 8 7 8 10 25 71 83 87 87 90 82 69 67 67 67 68 58 62 67 70 55 63 Miscellaneous 1923-25=100_. 82 70 63 55 58 62 67 69 67 67 67 68 77 63 58 60 64 61 61 59 64 65 65 57 64 Index, adjusted 1923-25-100.. 64 57 59 64 64 65 65 61 61 63 58 60 62 67 63 67 83 54 58 75 82 64 71 73 60 Coal. 1923-25=* 10067 60 64 71 73 75 82 63 67 83 64 58 61 60 49 50 54 46 48 62 62 52 45 43 51 Coke1923-25-10060 45 43 51 62 62 52 49 50 54 46 48 57 42 35 33 33 35 39 40 32 31 33 30 30 Forest products 1923-25-100.. 42 30 30 32 31 35 33 33 33 35 39 40 42 70 74 68 64 58 75 59 68 56 58 56 67 Grain and products 1923-25-100— 70 68 56 58 56 69 67 74 68 64 58 75 74 41 41 35 36 44 47 39 39 62 55 61 42 Livestock 1923-25»100-. 47 62 55 61 42 39 39 41 41 35 36 44 45 64 63 63 64 64 64 64 65 64 65 63 66 Merchandise, 1. c. 1. 1923-25-100.. 64 63 64 66 65 65 64 63 63 64 64 64 65 56 49 47 46 48 51 34 20 31 40 30 34 Ore 1923-25-100.. 56 30 20 34 31 34 40 49 47 46 48 51 55 70 64 72 73 67 64 64 63 62 60 71 70 Miscellaneous 1923-25-100.. 70 60 64 71 72 73 70 67 64 64 63 62 65 « 2,535 2,170 3,015 3,102 Total carst thousands.. 2,882 «2,535 2,353 2,592 2,170 2,326 3,015 2,303 2,327 3,035 2,229 3,102 2,632 544 494 551 574 683 379 394 621 318 491 615 Coal thousands.. 544 «485 494 615 551 574 683 379 394 621 318 491 446 30 23 23 30 19 26 33 22 22 31 35 30 Coke thousands.. 30 22 22 30 31 35 33 23 23 30 19 26 26 102 100 131 106 152 126 75 100 126 85 92 90 Forest products thousands.. 126 90 85 92 75 100 126 102 100 131 106 152 124 108 102 127 120 211 148 111 135 125 96 •126 102 Grain and products thousands.. 148 «126 111 125 96 102 135 108 102 127 120 211 162 87 52 52 51 39 64 114 58 90 82 58 50 Livestock.. thousands.. 87 114 90 82 58 50 58 52 52 51 39 64 69 639 601 798 644 667 768 804 609 721 577 653 640 Merchandise, 1. c. 1 thousands.. 667 653 640 721 577 609 804 644 639 768 601 798 641 35 102 159 131 171 130 11 13 18 69 26 16 Ore. thousands.. 130 69 26 16 11 13 18 35 102 159 131 171 135 894 961 915 773 844 885 912 1,150 978 1,157 1,148 1,189 Miscellaneous .thousands.. 1,150 978 885 912 773 844 1,157 961 915 1,148 894 1,189 1,029 305 296 245 310 208 272 392 342 320 300 Freight-car surplus, total thousands 208 328 B28 381 381 392 342 320 300 310 305 272 296 245 229 125 175 189 175 178 152 192 183 207 228 Box thousands.. 125 207 224 228 207 192 183 175 189 175 178 152 133 207 224 48 88 68 50 73 53 67 Coal thousands48 85 109 109 111 111 84 78 67 88 68 50 73 53 59 78 85 84 Equipment, rafrs. (See T r a n s . Equip.) • Revised. c? Data revised for 1933. See p . 20 of the Octobar 1934 issue; for 1934 revisions, see p . 20 of this issue. • Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See explanation on p . 9 of the March 1934 issue. t Revised series. Data for January 1929-May 1935, inclusive, on electric railway passengers carried and operating revenues for January 1932-April 1935, inclusive, are shown on p . 19 of the August 1935 issue. 1 Data for September, December 1934, March, June, and August 1935, are for 5 weeks; other months, 4 weeks. • New series. Data prior to April 1933 on value of imports for consumption will be shown in a subsequent issue, • See footnote marked § on p . 36. 38 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1935 December 1935 1935 1934 October October Novem- Decem- January February ber ber March April August September June July 279, 549 224,330 27,114 209,196 281,336 225,183 31, 053 216, 464 275, 349 220,490 31, 604 217,931 294, 018 234 986 33,849 221, 238 May TRANSPORTATION AND COMMUNICATIONS—Continued TRANSPORTATION-Continued Steam Railroads—Continued Financial operations (class I railways): Operating revenuesf -thous. of dol._ 341,018 284, 614 Freightf thous of dol Passengerf ..thous. of dol.. 28,608 Operating expensesf thous. of dol._ 232, 516 Net railway operating lncomef thous. of dol-. 75, 425 Operating results (class I roads): Freight carried 1 mile mills, of tons Receipts per ton-mile cents.. Passengers carried 1 mile.. _.millions . Canals: Waterway Traffic Cape Cod . thous of short tons New York State tho>;s. of short tons.. Panama, totalf thous. of long tons.. U. S. vessels _thois. 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 ton3— Monongahela thous. of short tons.. Ohio (Pittsburgh to Wheeling) thous. of short tons.. *jce»u iramc. Clearances, vessels In foreign tradef thous. of net tons.. Foreignf thous. of net tons.. United Statesfthous. of nat tons.. Shipbuilding. (See Trans. Equip.) Travel Airpiane travel. Express carried* .pounds.. Miles flown* . thous. of miles Passengers carried*. _. number Passenger-miles flown* thous. of miles Hotel business: Average sale per occupied room®-,dollars-Rooms occupied.. percent of total . Foreign travel: Arrivals, U. S. citizens . number Departures, U. S. citizens .number.. Emigrants number.. Immigrants . number Passports issued number National parks: Visitors . . . . number Automobiles . number Pullman Co.: Passengers carried _ _ thousands Revenues, total.. thous. of doL. COMMUNICATIONS Telephones (59 carriers):* Operating revenues thous. of dol_. Station revenues thous. of doL. Tolls, message thous. of dol Operating expenses thous. of dol_. Net operating income thous. of doL. Telephones in service, end of mo. thousands Telegraphs and cables: Operating revenues thous. of dol.. C o m m e r c i a l telegraph tolls-thous. of dol... O p e r a t i n g expenses . _ . . t h o u s . of d o L . O p e r a t i n g Income t h o u s . of dol . 292, 910 238, 793 « 28,579 211,963 256,967 208,547 24,840 197,872 257,506 199,356 32,016 195,351 • 49, 336 31,583 38,738 26,497 .980 1,543 23,708 .981 1,279 23,105 .946 1.635 1, 151 272 726 2,173 1,029 1.036 5,006 2,707 1,331 264 559 2,339 1,015 884 2,627 2,424 1,253 254 0 2,089 885 39 299 2,414 142 22G 213 181 147 155 1,414 100 963 100 977 880 584 5,580 3,670 1,910 270 800 992 7,454 254,940 206,024 27, 264 200,103 280,899 228,603 27,737 213,278 274,652 221,968 27,181 209, 328 21,349 25,720 37,851 34,626 39, 505 34, 025 26,851 42. 074 57, 359 24,964 .942 1,491 24,140 .944 1,341 27,586 .929 1,370 23.320 1.041 t. 386 24, 662 1,016 1,377 25,933 .974 1,594 23,167 1.059 1,710 25,936 1. 005 1, 855 27, 715 .,983 1,660 204 0 164 0 236 0 1,836 2,210 825 0 0 708 0 0 961 0 0 230 554 2,292 938 919 5,985 2,161 1,122 227 482 1,945 213 329 2,079 811 157 888 2, 461 484 7,058 2,135 1,072 862 882 229 519 1,778 715 1,007 7,503 1, 958 1,128 206 576 2,019 848 1,024 7, 731 2, 636 1,334 202 574 1,994 907 983 7,148 1,956 1,180 273 293 238 200 143 1,271 116 1,491 a 143 1,239 264,213 211,008 30,448 212,972 2,513 2,081 306,960 249. 926 30, 820 218, 040 2,090 2,383 o o 113 125 155 191 246 76 1,049 88 1,429 78 108 1,545 1,784 154 1,142 152 1,383 597 632 711 717 886 754 877 881 928 907 782 5,691 3 866 2,025 « 5.338 °3,428 ° 1,910 4,327 2,819 1,508 4, 288 2,818 1.471 4,170 2,735 1,435 4.643 3,109 1,534 5,188 3,435 1,763 5,703 3,699 2,004 5,958 3,852 2,106 6,379 4,099 2,280 0, 791 4,436 2, 355 5, 786 3, 831 1,955 221,905 4,019 48,477 20,838 206,327 3,660 44, 728 18, 875 217, 852 3,365 33,563 15,595 177, 553 3,231 28,922 13,405 171,818 3,349 34,998 16, 232 238,369 4,126 55,198 24, 751 231, 237 4,194 61,499 26,747 258,924 4,749 64,971 27,075 330,970 4,993 73,896 31, 226 335, 762 5,605 85, 546 34,042 392, 212 5,756 89,581 35, 732 417, 223 5,360 77,370 32, 024 2.99 64 2.96 61 3.03 58 2.92 54 2.85 64 2.95 62 2.83 60 2.91 62 2.77 61 2.86 58 2.87 56 2. 98 57 2.94 60 4,174 24,976 20,825 2,630 3, 586 5,059 15,091 18,542 4,354 3,386 5,046 12, 388 13,942 3,853 2,559 4,959 14, 443 17,016 2.424 2,943 5,658 15, 474 17,628 2, 226 1,948 5,139 20,470 16, 665 2. 460 2,401 8, 453 23,374 16, 536 2,249 2,516 12,674 19 400 19,033 2.697 2, 951 22,854 19, 519 19, 342 2,412 2,817 24,879 26, 638 31,376 2,524 2,884 13, 546 51,930 51,512 4, 111 3,711 7,587 4,814 77, 723 18,141 74, 709 16, 830 38,729 7,375 37, 404 7,658 54, 720 9,767 63, 257 9, 599 73, 961 7,545 90, 914 15, 908 100, 693 28,176 317,182 84, 368 664,422 158,005 723, 320 183, 171 268, 398 72,731 1,265 3,790 1,131 3,310 1,371 3, 794 1,398 4,231 1,204 3,702 1,219 4,004 1,193 3,675 1,146 3.660 1,309 4,220 1,286 4,210 1,425 4, 374 1,364 4,251 81,638 54, 374 20. 268 58, 052 16, 209 79,583 53, 604 18, 989 57,050 15,119 k 80,411 * 53, 212 19,927 58, 714 » 14,980 81,475 54, 636 19, 793 57,823 15, 377 77,834 52, 798 17,930 55, 420 14,214 81, 207 54, 0S6 20, 061 57, 292 15, 793 82,127 54,483 20, 566 57, 499 16, 214 83,406 54,998 21,250 59,059 16,052 81, 757 54, 006 20, 569 57,443 16,025 82,063 53,187 21,524 59, 683 14, 401 82, 380 52,909 22,189 58, 255 16, 036 82, 653 53, 923 21, 402 57, 394 16, 966 14, 093 14,112 14,132 14,162 14, 201 14, 250 14,303 14,355 14, 335 14, 323 14,350 14,446 9,130 6,984 7,906 822 8,443 6,477 7,639 405 9,411 7,362 8,095 1.091 8,754 6,768 7,808 557 8, 212 6,340 7,372 454 9,153 7,052 7,810 952 9.377 7,366 7.790 1,195 9,809 7,634 7,964 1.450 9,372 7,268 7,824 1,156 9,224 7,161 7, 942 894 9.568 7,440 7.959 1,219 9, 375 7,198 7,682 1,306 o 133 1,561 CHEMICALS AND ALLIED PRODUCTS Alcohol: CHEMICALS Denatured: Consumption (disposed of) thous. of wine gal.. 17,947 19,582 10,542 8,874 5,897 4,482 7,445 5,238 5,773 i 5,536 7,213 8,359 10,064 Production thous. of wine gal._ 17,160 19,194 10.316 8,780 6,047 4,611 7,454 5,554 5.864 I 5,585 8,192 8,580 10,211 Stocks, end of month.thous of wine gal.. 2,351 1,380 1,149 1,063 1,236 1,363 1,317 1,694 1,750 1,793 2,750 2,959 3,148 Ethyl: Production - t h o u s . of proof gal.. 23,988 21,332 19,550 17,065 12,290 9,767 12,844 14,235 15,791 14,624 16,704 16,646 19,607 Stocks, warehoused, end of month thous. of proof gal._ 16,954 14,449 15,566 15,216 15,630 16,957 15,230 18,092 22.213 24,468 26,055 25,852 25,501 Withdrawn for denaturing thous. of proof gal.. 29,193 32,682 17,272 14,855 9,757 7,382 12,711 9,172 9,897 9,374 14,048 14,632 17,660 Tax paid* thous. of proof gal.. 2,445 1,266 1,573 2,096 1,453 1,019 1,588 I 1,510 1,591 1,642 1,771 1,676 1,911 « Revised. * Returns reflect adjustments! or estimated refunds. In December 1934 operating revenues are reduced by approximately $970,000 and net operating income by approximately $803,000. Refunds in February 1935 are of minor importance and reduce the several accounts only slightly. t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue. For revisions on Panama Canal from August 1914 to June 1935, see p. 19 of the September 1935 issue. •New series Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles flown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p 19 of the January 1935 issue. For alcohol withdrawn tax paid from 1925 to 1934, see p. 20 of the April 1935 issue. New series on telephones as compiled by Federal Communications Commission. Data supersede those published in previous issues of the Survey which covered all carriers having annual operating revenues in excess of $250,000; present series covers only those companies with operating revenues in excess of $250,000 which have interstate lines In December 1933 operating revenues of these companies were 97.7 percent of the total of the companies previously reporting. •This figure covers room revenue only. 39 SURVEY OF CURRENT BUSINESS December 1935 1935 1934 Monthly statistics through December 1931, 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 ber 1935 August September 55,125 36, 422 51,490 .38 .38 .38 300,008 351, 468 386,006 403,271 341,093 331,437 382, 331 1,126,799 1,303,230 1,167,282 1,203,143 1,198,186 1,278,505 1,389,812 368, 936 1,539,554 February March April June July 33, 621 66,077 .38 .33 May CHEMICALS AND ALLIED PRODUCTS—Continued CHEMICALS-Continued Alcohol—Continued. Methanol: Exports, refined gallons.. 102, 296 41,941 38,211 23,222 48, 945 Price, refined, wholesale, N. Y. doi. per gaL.38 .38 .38 .38 .38 Production: Crude (wood distilled)*f A gallons.. 406,950 297, 759 309,739 319,190 315,983 Synthetic . gallons.. 2,508,978 1,309,086 1,789,970 1,301,841 1,303,171 Explosives: Shipments* . ..thous. of l b . . 29,498 22,635 25,108 29,147 Sulphur and sulphuric acid: Sulphur, production (quarterly)* long tons.. 293,025 Sulphuric acid (104 plants): Consumed in production of fertilizer _ short tons.. 131,441 137, 357 143, 282 152, 268 152,658 Price, wholesale, 66°, at works dol. per short ton.. 15.50 15.50 15.50 15.50 15.50 Production.._ short tons.. 149,729 149,968 159, 781 172,052 169, 301 Purchases. From fertilizer mfrs ...short tons.. 33,396 34, 545 39, 330 36, 734 From others short tons.. 17,540 27, 249 22, 796 28,813 27,824 Shipments: To fertilizer mfrs short tons.. 28,031 39, 797 41,520 39,693 47,367 To others short tons.. 50,802 34,938 28,615 28,537 35,186 FERTILIZER Consumption, Southern States^ thous. of short tons.. Exports, total! long tons... Nitrogenous! . long tons.. Phosphate material?! long tons.. Prepared fertilizers ...long tons.. Imports, totalf# .....long tons.. Nitrogenous!. _ long tons.. Nitrate of soda! long tons.. Phosphates! long tons.. Potash! long tons.. Price, nitrate of soda, 95 percent, N. Y. dol. per cwt— Superphosphate, bulk: Production short tons,.. Shipments to consumers ...short tons,. Stocks, end of month .short tons.. Pine oil: NAVAL STORES Production _ gallons.. Rosin, gum: Price, wholesale " B " , N. Y..dol. per bbl._ Receipts, net, 3 ports bbl. (5001b.).. Stocks, 3 ports, end of month.bbl. (5001b.).. Rosin, wood: Production bbl. (500 lb.)~ Stocks, end of month bbl. (5001b.).Turpentine, gum: Price, wholesale, N. Y____ dol. pergaL. Receipts, net, 3 ports... bbl. (50 gal.).. Stocks, 3 ports, end of month.bbl. (50 gal.)._ Turpentine, wood: Production.. .bbl. (50 gal.)._ Stocks, end of month bbl. (60 gal.).. i 44,525 73, 365 30,471 .38 .38 .38 26,019 23,202 22,659 22,193 22,189 23, 957 27,940 352, 690 271,452 255,396 104,041 15.50 141, 352 93,873 87,944 99,673 15. 50 139,333 15.50 111,102 75,690 15.50 99,176 94,980 15.50 154, 359 15. 50 110,249 15. 50 123,209 101,708 15.50 130, 260 26, 269 21,647 18,769 18,636 11,760 13,397 11, 610 13,186 16,830 20,862 27,714 23,334 35, 573 10, 632 35, 742 12,111 30,615 38, 716 41,990 42, 319 33,855 40,293 18, 473 29, 714 25,381 34, 382 24,684 40, 739 28, 516 48,404 30,888 46, 717 1,413 84, 296 6,707 704 93,456 5,551 82,946 98 176,640 111,642 83, 415 4,486 56,045 237 157,462 21,116 126, 226 245 192,887 101,850 75,872 4, 309 76, 743 63, 402 5,244 60,637 179 69,783 37,137 16,918 5, 608 23, 436 17 102, 467 15,319 77.054 421 43,174 20,899 2,200 1,350 19,909 44 153,316 39, 752 110, 633 235 34,434 20, 274 2,742 1, 248 10,797 95 208, 797 28,507 172,425 2,181 51,317 32, 794 9,961 1,206 12,074 1.275 1.275 133,319 10, 641 4,104 21, 704 126 135,038 27,121 104,143 350 81, 560 a 31,297 1,212 1,786 44,422 118,437 « 21,131 93,509 «227 82,121 38,728 7,195 2,001 35, 276 97 '127,079 ° 13,613 107,313 312 91,807 42,085 17,085 2,411 44,015 316 68,928 6,241 56,946 153 155, 348 63, 245 27,811 3,126 84, 235 684 92,846 10.746 78,276 258 141, 787 89, 477 44,494 3,169 46, 213 1.275 1.275 1.275 1.275 1.275 1.275 151 161,955 34, 219 115, 797 1,306 70, 693 18, 544 281,892 276, 444 307,653 332,140 342,210 282,810 34, 553 87,313 63, 486 24,965 23, 358 63,856 1,102,407 957, 279 1,078,044 1,159,392 1,189,505 1,160,817 196 159,071 107,341 55,957 3,177 42, 669 1.275 1 275 1.275 1.275 1.275 246, 286 189,133 964,940 203,152 169,152 814,804 168,384 79, 704 831, 536 167,095 24, 973 870,835 205,105 19,396 914,169 221, 772 226,317 82, 059 16,422 979, 038 1, 013, 399 323,125 300, 544 303,686 317,912 330,830 360, 252 337,646 370,222 378, 395 360,889 373,417 354,389 335, 318 5.50 93,917 306, 658 5.42 92,482 260,040 5.25 101,682 272,027 5.25 122,173 321,660 5.20 27,406 272,474 5.16 19, 525 217,489 4.99 28,397 250,113 4.67 69,290 250,213 4.65 97,354 258,255 4.64 110,998 272,312 5.85 124,401 311,355 4.83 120,950 324, 539 5.18 88, 784 310, 697 43, 719 66,311 39,785 109,812 41,884 108, 244 41,016 105,339 44,489 110,806 43, 252 111, 659 43, 294 108,956 46,028 95,283 47,867 95,829 47,293 91,477 47,651 89,015 48, 063 86, 730 47,388 .48 20, 646 134,539 .52 25,161 86,020 .53 22,999 94,189 .52 22,834 106,971 .54 4,300 94, 781 .55 2,235 86,987 .55 4, 761 88,164 .52 18,410 87,971 .52 24, 366 85,846 .50 32,128 103,831 35,293 122,631 .46 31,136 131, 960 .45 18, 798 131, 273 6,910 3,023 6,288 18, 504 6,548 18, 752 6,290 16,819 7,075 16,116 6,138 13,418 6,316 10, 526 7,049 7,122 7,004 4, 588 6,787 3,278 7,261 2.997 7,324 2,910 7,550 2,937 OILS, F A T S , A N D B Y P R O D U C T S Animal fats a n d b y p r o d u c t s (quarterly): Animal fats:! Consumption, factory thous. of Ib._ Production thous. of lb_. Stocks, end of quarter thous. oflb._ Gelatin, edible: Production thous of lb._ Stocks, end of quarter thous,. of l b . . Greases:! Consumption, factory thous of Ib_. Production thous, of lb._ Stocks, end of quarter thous of lb._ Lard compounds and substitutes:! Production . t h o u s . of lb_. Stocks, end of quarter thous. of lb_. Fish oils ( q u a r t e r l y ) : ! Consumption, factory thous of lb._ Production. - . . . t h o u s . of lb._ Stocks, end of quarter .thous. of lb_. Vegetable oils a n d products: Vegetable oils, total: Consumption, factory ( q u a r t e r l y ) ! thous. of l b . . 237 Exports thous. of lb— Imports!* thous. of lb._ 87, 810 Production (quarterly)f..thous. of i b . J Stocks, end of q u a r t e r : ! , Crude..... thous. of lb__] Refined thous. of lb—I 217,565 498, 950 418,909 203, 048 275,430 361,160 5,047 8,629 5, 052 8,526 2,853 6,841 49,311 89,268 73,900 50,732 71, 738 63,590 64, 916 63, 732 45, 324 64, 399 66,856 361,368 27,690 316, 227 32, 738 293,425 29, 747 457, 595 32, 575 46, 539 105, 361 242,402 427 '59,953 212,053 306, 659 386,852 5,279 7,817 234 • 53,403 234,949 352, 519 380,419 60, 563 46, 208 221,547 59,139 9,143 172, 371 63,346 67,249 187, 916 805,456 372 «33,038 730, 339 557, 756 594,847 331 71,191 522 78, 745 754,643 396 80, 395 581, 304 525,210 642, 272 939 91,445 632 96,622 628,186 251 121,023 357,167 507, 571 602, 217 593 95,895 696 89, 492 609,071 383 92,174 456,913 536,998 355,800 • New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives). ! Revised series, see p. 30 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of this issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue. Quarterly data on fats and oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of the Nov. 1935 issue. A The refined equivalent of crude production is approximately 82 percent. • Texas only. Louisiana produced 23 percent of United States production in 1933 and 16 percent in 1934. 1 Figures since January 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue. I See footnote on p. 37 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of this issue. • Revised. 40 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 December 1935 1935 March April May June July 35,733 6,858 24,605 26,138 August September CHEMICALS AND ALLIED PRODUCTS—Continued OILS, FATS, AND BYPBODUCTS-Con. Vegetable oils and products—Continued. Copra and coconut oils: Copra: Consumption, factory (quarterly) short tons.. Imports* short tons,. 27,433 5,177 Stocks, end of quarter short tons,. Coconut or copra oil: Consumption, factory: Crude (quarterly)t thous. of lb_. Refined, total (quarterly) t thous. of lb_. In oleomargarine thous. of lb.. 16,372 11,360 Imports* thous. of lb.. 31,055 14,810 Production (quarterly): Crude thous. of lb.. Refined thous. of lb.. Stocks, end of quarter :t Crude thous. of lb.. Refined _ thous, of lb.. Cottonseed and products: Cottonseedrf Consumption (crush) —short tons.. 741,295 601,940 Receipts at mills short tons.. :,096,758 [,015,200 Stock at mills, end of month short tons.. 828,029 1,232,104 Cottonseed cake and meal: 2,418 Exportsf .short tons,. 196 Production .short tons.. 336,139 270,137 Stocks at mills, end of month short tons- 253, 294 258,923 Cottonseed oil, crude :f Production.._ thous. of lb.. 225,168 184,489 Stocks, end of month thous. of lb.. 110, 557 97,575 Cottonseed oil, refined: Consumption, factory (quarterly)f thous. of lb.. In oleomargarinethous. of lb.. 7,322 6,610 Price, summer yellow, prime, N. Y. dol. per lb. .104 .081 Production f thous. of lb. 161,333 155, 023 Stocks, end of month thous. of lb. 289,326 462,769 Flaxseed and products: Flaxseed: Imports, United States*.thous. of bu. 1,297 930 Minneapolis and Duluth: Receipts thous, of bu. 3,148 910 Shipments thous. of bu., 1,299 234 Stocks, end of month.-thous. of bu. 3,326 1,218 Oil mills:f Consumption, quarterly thous. of bu. Stocks, end of quarter.thous. of bu. Price, No. 1, Minneapolis.dol. per bu. 1.79 Production, crop estimate thous. of bu. /14, 213 Stocks, Argentina, end of month thous. of bu. 3,543 2,362 Linseed cake and meal: Exports. thous. of lb. 37, 430 30,869 Shipments from Minneapolis thous. of lb. 22,647 6,483 Linseed oil: Consumption, factory (quarterly) f thous. of lb. .097 Price, wholesale, N. Y____dol. per lb. .091 Production (quarterly) f—thous. of lb. Shipments from Minn...thous. of lb. " 13," 320 '~4,"l45 Stocks at factory, end of quarter thous. of lb. Oleomargarine: Consumption (tax-paid withdrawals) thous. of lb. 32,430 26, 421 Price, standard, uncolored, Chicago .142 .098 dol. per lb. Production _ thous. of lb. 32,261 26,517 Vegetable shortenings: • .128 .107 Price, tierces, Chicago* dol. per lb. 20,606 47,392 27,674 15,210 17,393 10,415 48,683 26,579 25,688 15,038 11,990 124,734 12,787 20,935 150,711 128,036 94,288 13,771 17,492 110,304 14,560 25,045 86,811 11,471 39,040 10,330 14,428 31,609 17,282 27,736 15,945 25,293 13,804 27,849 48,424 19,535 29,565 130,395 10, 326 22,929 13,056 29,770 101,105 16,771 25,965 61,238 80,658 62,261 96, 256 44,502 83,017 61,569 91,345 152,761 34,277 122,142 31,960 112,507 26,036 109,836 23,560 402,115 127,905 337,731 61,236 260,964 40,090 129,372 18,886 102,266 22,435 68,175 24,467 65,302 30,868 145,115 203,442 436,027 760,691 1,237,720 1,131,043 856,833 580,238 359,364 248,878 169, 047 125,339 89,575 149,446 472, 566 «80 189,057 94 183,204 127 156,047 236 118,496 24 61,704 49 46,959 223 30,313 20 29,132 80 65,380 1,420 194,282 325,123 340,763 348,254 309,460 263,899 242,204 223,893 198,367 178,358 196,095 165,085 102,309 128,785 97,469 124,398 102,045 108,169 103,499 84,258 96,657 43,525 61,725 33,194 47, 589 22,617 38,036 20,772 28,263 43, 660 27,638 127,816 74, 537 7,323 358,668 7,533 9,015 12,171 286,324 9,854 11,005 7,819 256,192 6,425 5,819 6,403 360,590 6,714 .109 .092 .101 149, 746 132, 325 111,890 487,906 513,106 516,803 .114 102,962 530,014 .108 97,237 557,623 .103 73,380 576,783 .105 52,011 540,864 .101 37,063 513,358 .096 26,066 444,833 .099 38,935 178,358 .102 73,430 287, 347 529,307 415,670 534,923 308,993 306 245,515 743 1,823 770 1,997 1,970 1,160 1,360 1,738 2,240 1,129 1,322 294 127 1,210 252 83 1,108 139 114 1,011 135 54 978 105 44 878 139 242 603 214 179 397 319 70 344 205 117 248 985 81 344 4,009 389 2,040 1.86 4,569 1,851 1.99 1.97 1.94 5,754 2,094 1.81 1.85 1.77 6,104 1,464 1.65 1.59 1.53 5,998 3,005 1.68 •5,213 1,575 2,362 3,937 5,118 7,087 7,874 7,087 6,299 5,315 2,322 4,331 31,338 21, 558 32,805 23, 524 30,704 36,929 33.201 53,605 39, 368 41,787 35,356 7,325 8,182 7,714 9,653 7,952 6,114 4,776 4,485 7,544 12, 506 21, 527 .087 6,118 82,888 .096 116,946 6,045 .093 3,525 55,120 .087 90, 253 2,233 4,797 5,233 73,812 .089 116, 667 10,235 .092 3,298 ~4,"209 113,721 59,376 .095 111,823 6,324 .095 ~ 67 053 104,995 125,416 106,332 32,178 33, 724 45,351 31,511 38, 243 27,785 26,766 17,846 26,193 32,440 .100 28,809 .104 30,470 .119 33,632 .125 41,895 .141 34,200 .140 37, 419 .140 30,338 .140 25, 263 .135 21,469 .130 25,793 .130 31,855 .111 .124 .129 .133 .130 .127 .128 .129 .130 .130 PAINTS Paints, varnish, and lacquer products:! Total sales _ thous. of dol.. 32,853 23,652 19,801 16,006 ' 20, 836 »21, 229 26,544 32,851 36,160 • 32, 326 •28,975 ' 28,502 « 28, 536 18, 747 Classified _ thous. of dol. 22,132 15,382 13,224 10,805 14, 687 15,252 18,418 22, 295 24, 434 22,118 19, 675 19,214 « 7,985 8,338 7,777 8,503 9,519 9,178 8,689 Industrial thous. of dol. 5,814 7,140 7,299 5,208 5,226 8,061 M l , 054 11. 336 11,438 13,615 13,117 15,745 Trade thous. of dol._ 12,613 9,568 7,953 8,016 5,579 7,547 10,357 «9,497 «9,287 10, 557 11, 726 • 10, 207 «9,300 Unclassified (273 estab.) § -thous. of dol_. 10,721 8,270 6,577 5,201 ° 6,149 • 5 , 9 7 7 « 8,126 Plastic, cold-water paints, and calcimines: Sales: 274,829 Calcimines dollars. 264,306 274,366 225,078 227,827 284,758 221,663 299,610 332,343 376,644 303, 229 253, 256 27,463 Plastic paints dollars. 34,414 30,807 27,864 18,188 22,665 24,312 33,675 36, 653 35, 563 28,668 29,039 29, 261 Cold-water paints dollars. 105,306 78,496 70,304 52,869 64,215 69,000 88,114 113,202 128,461 102,892 103,161 107, 877 102,379 « Revised. / November 1, estimate. • December 1, estimate. • For earlier data on lard-compound price, see p. 18 of the January 1934 issue. t Revised series: Monthly data on cottonseed and cottonseed products for the year ended July 1932 were fhown on p. 20 of the February 1933 issue; revisions for each month of 1933 were shown when monthly data for 1934 became available; revisions for year 1934 were shown on p. 38 of the November 1934 issue and for year ended July 1935 on p. 20 of the November 1935 issue. For exports of cottonseed cake and meal for the year 1932 see p. 37 of the June 1933 issue, data revised for 1933 see p. 19 of the September 1934 issue; for 1934 revisions see p. 19 of this issue. Quarterly data on fats and oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of the November 1935 issue. # See footnote on p. 37 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of this issue. § For revised data on paint, varnish, and lacquer products for the years on "total" for 1928-35 and "unclassified" for years 1932-35 see p. 20 of the November 1935 issue. • This series prior to September 1935 was listed as "Lard Compound." 41 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 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 ber ary 1935 March April May June July August September CHEMICALS AND ALLIED PRODUCTS—Continued CELLULOSE PLASTIC PRODUCTS Nltro-cellulose:* Sheets, rods, and tubes: Production thous. of lb— Shipments thous. of lb— Cellulose-acetate: * Sheets, rods, and tubes: Production thous. of lb— Shipments thous. of lb— ROOFING Dry roofing felt: Production short t o n s Stocks, end of month short t o n s Prepared roofing shipments: 1 Total thous. squiires. Grit roll.. thous. squares. Shingles (all types) thous. squares. Smooth roll thous. squares— 1,660 1,598 1,131 1,094 948 1,028 1,089 954 1,465 1,275 1,476 1,135 1,363 1,228 1,311 1,356 1,292 1,246 1,009 1,017 1,026 1,024 1,285 1,294 1,551 1,435 1,299 1,239 449 409 304 276 466 448 1,004 1,026 922 849 962 1,054 1,107 1,048 718 649 317 293 486 525 595 578 882 24,716 6,962 14,710 6,648 12,972 6,672 11,310 8,555 12,899 6,629 11,726 7,484 15,223 7,909 19,723 6,653 21,831 6,324 21,454 7,252 20,215 7,376 20,666 7,730 20,419 7,376 2,387 597 655 1,136 1,941 462 483 996 1,373 345 315 713 1,277 368 247 663 1,118 278 257 583 2,032 464 555 1,012 2,974 606 908 1,460 2,882 586 991 1,304 2,213 494 739 980 2,321 576 635 1,110 2,768 667 815 1,286 3,102 834 766 1,501 ELECTRIC POWER AND GAS ELECTRIC POWER Production, totalf mills, of kw.-br.. By source: Fuels t mills, of kw.-hr— Water power t mills, of kw.-hr— By type of producer: Central stations t mills, of kw.-hr— Street railways,manufacturing plants, etc. mills, of kw.-hr. _ Sales of electrical energy: Sales to ultimate consumers, total (Edison Elec. Inst.) mills, of kw.-hrDomestic service-— mills, of kw.-hr.. Commercial—retail mills, of kw.-hr.. Commercial—wholesale.mills. of kw.-hr.. Municipal street lighting mills, of kw.-hr. . Railroads: Electrified steam mills, of kw.-hr.. Street and interurban.mills, of kw.-hr_. Revenues from ultimate consumers (Edison Elec. Inst.) _ thous. of dol— GAS Manufactured gas:*f Customers, total thousandsDomestic thousands— House heating . thousands.. Industrial and commercial..thousands.. Sales to consumers millions of cu. ft.. Domestic millions of cu. ft— House heating millions of cu. ft— Industrial and commercial millions of cu. ft— Revenue from sales to consumers thous. of dol— Domestic .—thous. of dol— House heating _..thous. of dol— Industrial and commercial...thous. of doL. Natural gas:*t Customers, total thousandsDomestic thousandsIndustrial and commercial, .thousands.. 3ales to consumers .--millions of cu. ft— Domestic millions of cu. ft— Industrial and commercial millions of cu. ft— Revenues, from sales to consumers thous. of dol— Domestic thous. of dol.. Industrial and commercial.thous. of dol— 7,809 8,058 8,349 7,494 8,011 7,817 8,021 7,873 8,370 • 8,573 •8,209 5,961 2,872 5,138 2,695 4,664 2,945 4,875 3,183 6,079 3,270 4,512 2,982 4,446 3,566 4,206 3,612 4,300 3,721 4,424 3,449 4,778 3,592 5,242 ° 3,331 « 5,185 ° 3,024 8,347 7,426 7,206 7,601 7,881 7,063 7,552 7,366 7,556 7,417 7,843 a « 7,734 465 456 527 498 8,833 457 407 8, 075 475 468 431 459 451 1,317 1,245 3,135 6,194 1,211 1,164 3,103 6,081 1,125 1,120 3,134 6,225 1,102 1,129 3,327 6,145 1,060 1,099 3,346 6,147 1,059 1,095 3,396 6,265 1,052 1,128 3,468 6,614 1,073 1,177 3,734 6,635 1,135 1,192 3,676 186 175 152 170 180 189 67 329 67 333 67 328 151, 215 156,038 159,073 5,988 1,081 1,112 3,142 6,989 1,168 1,157 2,989 6,126 1,224 1,192 194 203 206 222 213 201 353 66 361 64 418 67 431 62 391 67 384 365 66 354 155,812 160,451 163,807 170,101 162,470 155,884 156,069 153,203 65 331 151,437 10,027 9,474 106 438 29,231 20,732 1,295 9,694 9,432 115 438 30,101 19,128 3,630 9,972 9,404 118 441 32,119 19,137 5,321 9,915 9,346 121 439 34,809 20,198 6,391 9,928 9,362 123 433 33,943 19,652 6,019 9,933 b,371 115 435 32,099 19,343 4,620 7,941 9,967 9,397 118 441 32, 089 19,180 4,206 10,036 9,465 121 439 31,668 19,924 3,359 10,049 9,484 116 438 30,006 20,468 1,411 8,518 8,214 7,981 7,647 7,540 7,862 32,423 24,726 1,726 5,838 31,763 25,123 910 5,625 28,824 22,978 426 5,315 27,637 21,935 319 5,270 30,709 24, 599 484 5,513 10,047 9,489 107 440 26,675 18,236 610 10,055 9,501 105 437 25,348 17, 243 430 10,123 9,568 108 438 19,859 610 7,022 7,154 7,445 8,000 8,071 31,935 25,405 912 6,488 31,921 24,210 1,942 5,638 32,902 24,060 2,939 5,763 34,424 24,485 3,797 6,995 33,482 23,576 3,778 5,989 32, 227 23,224 5,880 31,957 23, 385 2,464 5,962 5,588 5,263 322 69,450 15,657 5,647 5,302 343 80,812 23,135 5,673 5,316 355 93,384 33,916 5,620 5,267 351 101,570 40,640 5,638 5,284 351 100, 606 39,945 5,663 5,305 356 93,343 35,452 5,653 5,303 348 85, 690 29,132 5,671 5,325 343 79,084 24,303 5,662 5,329 331 70,578 18,060 5,646 5,321 323 65,110 12,617 5,659 5,340 318 68,437 10,919 5,702 5,381 319 72,122 12,779 52,983 56,780 58,444 59,833 59,514 58,709 55, 544 53,692 51,288 51, 599 56, 547 58,406 15,938 10,609 33,239 21,414 11,666 37,679 25,302 12,198 36,870 24,339 12,348 34,035 22,168 11,683 30, 400 19,043 11, 203 27,207 16, 679 10,371 23,330 13, 603 9,575 20, 256 10, 718 9,403 19,993 9,824 10,038 21,319 10,790 10, 398 21,655 12,103 9,430 FOODSTUFFS AND TOBACCO BEVERAGES Fermented malt liquors:* Consumption (tax-paid withdrawals;) 5,332 4,006 4,341 3,931 2,722 thous. of bbl— 3,790 3,277 2,968 2,545 3,270 3,431 5,465 2,329 Production thous. of bbl— 3,868 5,335 5,107 3,735 3,290 2,721 2,592 2,874 2,825 4,036 4,465 4,576 4,521 Stocks, end of month thous. of bbl— 6,690 7,615 7,341 6,924 6,496 6,064 6,654 5,438 6,811 5,925 6,472 7,219 7,736 Distilled spirits:* Consumption (tax-paid withdrawals) f« 4,675 thous. of proof gal.. 7,807 6,072 8,268 5,301 7,020 5,963 6,323 4,901 4,265 4,535 4,214 4,591 Whisky thous. of proof g a l 6,372 4,014 3,758 7,076 5,267 5,338 5,516 3,700 4,203 4,715 4,384 4,613 3,486 Production, total thous. of proof gal— 23,002 16,238 16, 701 15,144 15,610 14,089 12,110 12,224 14,536 15, 754 14, 543 16,067 15, 171 Whisky thous. of proof gal— 16,549 13,989 15,679 14,280 14, 557 13,067 11,200 11,258 13,134 14,875 13.954 15,348 14, 329 • Revised. • New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. Beverage figures are from the U. 8. Treasury, Alcohol Tax Unit. Monthly data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. Series on cellulose products prior to January 1933 not available. t Revised series. Data revised beginning with January 1932, See p. 39 of the April 1935 issue. Revisions for period January 1932-January 1934, inclusive, will be shown in a subsequent issue. 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; 1934 data also revised. Revisions not shown in the June 1935 issue will appear in a subsequent issue. Manufactured and natural gas revisions for years 1929-34, inclusive, were shown on pp. 19 and 20 of the May 1935 issue. Data on consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries. For revisions see p. 39 of the March 1935 issue. • Consumption of distilled spirits (withdrawn tax paid) plus brandy tax paid direct from fruit distillers plus ethyl alcohol withdrawn tax paJd (see p. 38) equals Internal Revenue total of distilled spirits withdrawn tax paid. Bureau of 42 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ary ber ber December 1935 1935 March April May June July August September FOODSTUFFS AND TOBACCO—Continued BEVEBAGES-Continued Distilled spirits-Continued. Stocks, end of month..tbous of proof gaL. 195, 796 "Whisky tbous of proof gal.. 188,423 Rectified spirits: Alcohol, ethyl, withdrawn tax paid (see p. 38): Consumption (tax-paid withdrawals)0 2,614 tbous. of proof gal.. 78,471 90,055 84, 198 9<\ 028 01,630 1C9,203 102.504 119 034 112,082 129,670 122.C60 139,036 131,659 150,477 142,639 160,624 152,686 171,094 163, 202 180,268 172,363 187, 729 180, 066 2,672 2,825 3,137 1.235 1,202 1,492 1,414 1,451 1,345 1,271 1,385 2,019 148,227 147,877 142, 755 139,956 134,872 114,954 118,843 139,465 154,367 138,811 133,372 150,704 149,397 .28 119, 602 42,149 .27 133,817 49,928 .29 112,577 41,564 .31 105,930 39,110 .34 106,122 42, 716 .36 101,136 37,873 .32 111,207 38,127 .34 130, 984 44,246 .27 179,162 58, 860 .24 2C0, 733 72,844 .24 186, 562 72, 036 .25 157,839 53, COO .26 141,141 48,294 120,038 111,073 81,034 47,175 18,907 8,110 5,341 5,676 33,096 96,392 149, 628 156, 855 * 148,822 62,476 6,015 .17 53,315 41,157 16,836 59,802 4,460 .14 64,008 33,987 14,277 48,867 5,730 .15 42,890 24,824 13,609 41,642 3,565 .15 37, 771 20, 991 9,522 56,793 3,575 .17 26,109 22,181 13, 526 46,928 4,084 .18 27,743 21,118 10,821 48, 606 4,220 .17 34,408 24,695 8,955 55,145 4,455 .17 40, 547 30, 573 10,688 61,215 3,735 .16 44,934 11,803 56,641 3,836 .15 70,659 55,607 14, 645 52,153 2,832 .15 68,760 54, 293 18,480 53,889 3,647 .16 61, 513 51,493 16, 687 53, 989 3,632 .17 59,491 47,448 16, 384 111,729 100, 682 118,008 102,832 109,972 102,197 89,878 81,220 71,007 70,156 60,943 62,851 54, 769 54,459 46, 593 56, 767 48,320 75, 291 64,395 94,679 82,397 105,851 92, 767 »] 14,953 1 102, 661 DAIRY PRODUCTS ButterConsumption, apparent*! thous. of lb_. Price, N. Y., wholesale (92-score) dol. per lb_Production (factory)f thous. of lb._ Receipts, 5 markets -—thous. of lb_. Stocks, cold storage, creamery, end of month.. thous. of lb_. Cheese: Consumption, apparentt thous. of lb_. Imports# .thous of lb_. Price, no. 1 Amer. N. Y -dol. per lb._ Production (factory)f .thous. of lb._ American whole milkf thous. of lb_. Receipts, 5 markets -thous. of lb_. Stocks, cold storage, end of monthf thous. of lb_. American whole milk! thous. of lb_. Milk: Condensed and evaporated: Production:! Condensed (sweetened).. thous. of lb_Evaporated (unsweetened)! thous. of lb._ Exports: Condensed (sweetened)..thous. of lb_. Evaporated (unsweetened) thous. of lb_. Prices, wholesale, N. Y.: Condensed (sweetened).dol. per case.. Evaporated (unsweetened) dol. per case.. Stocks, manufacturers, end of month: Condensed (sweetened): Bulk goods thous. of lb_. Case goods. thous. of lb__ Evaporated (unsweetened): Case goods. tbous. of lb__ Fluid milk: Consumption in oleomargarine thous. of lb__ Production, Minn, and St. Paul thous. of lb__ Receipts: Boston, incl cream tbous. of qt__ Greater New York* thous. of qt_. Powdered milk; Exports. thous. of lb__ Orders, net, new... thous. of lb__ Stocks, mfrs. end of mo thous. of lb._ 17, 581 18,157 15, 202 14,931 14, 297 15,122 18, 764 23,224 27,349 33, 619 23,334 21,689 18,918 105,325 134; 189 101,183 93,964 118, 562 123, 657 141,331 180,943 231,663 269,344 209,278 161,929 138,202 275 553 821 470 499 599 842 717 89 265 319 242 235 2,108 3,324 2,840 2,965 2,679 2,642 4,882 3,267 3,441 2,432 1,581 1,582 2,383 4.85 4.85 4.85 4.85 4.85 4.85 4.85 4.85 4.85 4.85 4.85 4.85 4.85 2.80 2,70 2.70 2.70 2.79 3.00 3.00 3.00 3.00 3.00 2.80 2.80 2.80 5,490 14,678 9,417 13,555 9,135 11,236 7.687 10,516 5,635 8,068 4,646 5,153 4,880 3,714 5,759 5,552 9,571 12,284 13,059 16,511 13, 956 18,159 11, 648 18,460 • 8, 333 17, 349 229,065 215,700 203,402 150,793 59,791 28,913 39,993 74,145 179, 684 287, 204 339,978 358,780 343,132 6,506 6,165 6,552 7,731 9, 622 7,700 8,645 7,012 5,998 4,489 5,371 6, 515 23, 075 24,174 23,449 24, 747 27,094 25,978 29,838 29,722 38,702 39,899 32,713 27,869 24,773 18,290 106,118 17.846 102,914 17,350 101,691 17,656 103,072 15,747 92,157 17,624 105,684 17,110 105,280 18,131 111,529 17,535 110,417 19, 614 110, 573 18,431 107, 630 16,529 107, 265 163 11,629 40, 795 234 11,437 168 11,716 33,151 213 10,700 30, 207 223 15,367 23,568 170 13, 755 20,407 200 12,298 20,896 228 13,646 27,377 207 12,338 36,440 281 12,989 38,504 243 16, 239 34, 698 282 a 14,844 • 29, 702 17,441 7,725 «120,670 5,740 5,732 5,838 4,674 3,107 1,175 616 1,307 1,605 6,855 10,408 7,480 3,626 10,328 13,772 2,151 8,890 14,714 1,933 6,928 14,866 2,787 4,646 14,199 2,601 2,642 15,198 1,208 1,189 16, 741 2,385 360 15,574 8,428 1,744 «2,510 6,800 3,420 .948 1.006 .806 .713 14,922 .975 <385, 421 72,188 .935 21,959 20,878 17,688 18,386 21,073 252 13, 333 23,148 FRUITS AND VEGETABLES Apples: Production, crop estimate, .-thous. of bu._ 168,465 Shipments, car lott carloads.. Stocks, cold storage, end of month thous. of bbl._1 9,909 8,911 Citrus fruit, ear-lot shipments! carloads.. 3,654 Onions, car-lot shipments! .- .carloads.. Potatoes: Price, white, N. Y ...dol. per 100 lb_. 1.120 Production, crop estimate...thous. of bu_. 353, 805 Shipments, car lot! carloads.. 19,491 1.006 20,923 12,114 3,038 11,466 1,020 .965 "l5,~453" .706 .906 "9," 097' 11,258 GRAINS Exports, principal grains, including flour and 1,615 1,762 meal!. tbous. of bu__ 2,773 2,884 1,842 2,050 2,003 1,607 3,449 2,777 1,478 1,594 Barley: 209 582 535 128 Exports, including malt! thous. of bu__ 111 628 1,138 549 581 1,953 79 67 Price, no. 2, Minn.: 1.09 1.02 1.08 1.06 1.01 .52 Straight* dol. per bu 1.09 .58 .61 .97 .87 .71 .58 1.18 1.15 1.08 .65 .59 Malting*.__ dol. per bu_. 1.17 .94 1.10 1.07 .65 1.20 Production, crop estimate., thous. of bu._ 290, 297 118,348 1,559 7,645 13,780 Receipts, principal markets*.thous. of bu._ 2,104 2,550 6,484 5,188 4,798 2,297 1,893 2,628 3,205 9,923 Visible supply, end of month A 6,412 12,009 12,962 9,006 7,684 3,681 thous. of bu_. 16,087 13,525 14,900 14,401 11,516 6,845 5,160 • Revised. § Bulk evaporated milk not included since December 1931. • Dec. 1 estimate. / November 1 estimate. A Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet. * New series. For earlier data see p. 20 of the November 1932 issue, barley receipts; for 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. See p. 19 of the June 1933 issue for butter consumption. Data on consumption of rectified spirits are as indicated by the sale of stamps. Data prior to April 1933 not published. # See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of this issue. !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 1032 and 1933 revisions on butter and cheese consumption and 1933 revisions on production of butter, cheese, condensed and evaporated milk, see p. 19 of the March 1935 issue. For 1934 revisions on production of butter, cheese, condensed and evaporated milk, and apparent consumption of butter and cheese see p. 19 of the NTovember 1935 issue. For final revision for 1933, car-lot shipments of apples, citrus fruits, onions, and potatoes, see p. 20, January 1935 issue, and for 1934 revisions, see p. 20 of the November 1935 issue. For revised figures for 1933 exports of principal grains and barley, see p. 20 of September 1934 issue and for 1934 revisions p. 19 of this issue. December 1935 43 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 together with explanatory footnotes and references to the sources of the data, may be found Novem- Decem- January F rn the 1932 Annual Supplement to the Survey October October ber ber 1935 a r r | Mareh April May June July August September FOODSTUFFS AND TOBACCO—Continued GRAINS—Continued Corn: Exports, including mealf thous. of bu_. 46 Grindings thous. of bu__ 6,021 Prices, wholesale: No. 3, yellow (Kansas City).dol. per bu.. .81 No. 3, white (Chicago) dol. per bu_. .85 Production, crop estimate..-thous. of bu_. /2,211,268 Receipts, principal markets.-thous. of bu__ 9,544 Shipments, principal markets thous. of b o . . 3,812 Visible supply, end of month* thous. of bu.. 2,481 Oats: Exports, including oatmealf-thous. of bu.. 105 Price, no. 3, white (Chicago)-dol. per bu._ .30 Production, crop estimate..-thous. of bu— 1,183,870 Receipts, principal markets..thous. of b u - 12,089 Visible supply, end of month* thous. of bu.. 45,863 Rice* Exportsf pockets 100 lb_. 148,651 Imports* - -pockets 100 lb_. 21,932 Price, wholesale, head, clean, New Orleans dol. per lb.. .040 Production, crop estimate.._thous. of bu_. /38, 730 Southern States (La., Tex., Ark., and Tenn.): Receipts, rough rice, at mills thous. of bbl. (162lb.)__ 2,402 Shipments from mills (milled rice) total« thous. of pockets (100 Ib.)._ 1,224 Stocks, domestic, rough and cleaned (in terms of cleaned rice) end of month thous. of pockets (100 lb.).Rye: Exports, including flour thous. of bu_. 0 Price, no. 2, Minneapolis dol. per bu.. .52 Production, crop estimate..-thous. of bu._ /52, 236 Receipts, principal markets* thous. of bu._ 2,754 Visible supply, end of month* thous. of bu.. 9,088 Wheat: Exports:! Wheat, including flour thous. of bu._ 1,489 Wheat only thous. of bu_. 14 Prices, wholesale: No. 1 Dark Northern Spring, Minn.* dol. per bu__ 1.34 No. 2 Red Winter, St. Louis dol. per bu__ 1.10 No. 2 Hard Winter, K. C.dol. per bu._ 1.19 Weighted average 6 markets, all grades dol per bu._ 1.07 Production, crop estimate, total thous. of bu.. /598,935 Spring wheat.-.-... thous. of bu../167, 226 Winter wheat thous. of bu._ /431,709 Receipts thous. of bu.. 27,883 Shipments thous. of bu._ 14, 695 Stocks, visible supply, world.thous. of bu_. Canada thous. of bu.. 259,869 82,406 United States* thous. of bu. Stocks, held by mills (quarterly) thous. of bu__ Wheat flour: Consumption (computed)t-thous. of bbl.. 10, 666 314 Exports thous. of bbl Grinding of wheat thous. of bu 45,464 Prices, wholesale: 8.48 Standard Patents, Minn...dol. per bbl_. Winter, straights, Kansas City 7.19 dol. per bbl.. Production Flour, actual (Census) thous. of bbl__ 9,849 Flour prorated, total (Russell's) f thous. of bbl.. 11,116 Oflal thous. of lb__ 815,849 Operations, percent of total capacity 59 Stocks, total, end of month (computed) 5,600 thous. of bbl.. Held by mills (quarterly)-thous. of bbl LIVESTOCK AND MEATS 5,302 .80 .82 224 4,062 .91 147 5,261 51 3,399 62 4,674 44 6,513 39 4,571 29 4,028 63 "4,001 74 3,917 28 4,710 .92 .94 74 4,051 .88 .93 .94 .92 .91 .89 .87 .87 .84 .84 .78 .82 16,157 8,858 .96 1.01 1,377,126 9,226 6,720 5,999 7,669 9,878 10,850 9,091 7,313 6,146 7,129 12,372 12, 514 11,294 8,931 7,767 9,308 7,905 7,366 6,039 4,565 3,342 3,102 50,537 43,462 34,204 28,160 21,923 15,924 12,041 8,860 7,317 6,821 3,932 73 .56 '525,889 3,119 "3,876" 91 .56 54 .54 68 .49 65 .60 63 .44 303 154 70 .29 142 .30 1,901 2,544 28,907 21,300 7,075 25,068 41,430 288,072 329,712 6,897 7,717 55,374 11,789 35,182 12,412 90,194 • 14,056 .040 .040 .040 .040 71 .62 ~ I'iie 78 .54 1,983 2,256 2,26T 2,224 3,351 22,627 22,191 22,576 21,258 19,443 14,366 11,867 10,786 61,164 44,645 61,640 42,643 « 53, 226 46,330 73,882 93,287 46,194 182,985 26,121 81,158 141,593 15,644 .049 .039 .039 .040 .039 .049 .049 •38,296 1,974 910 612 1,280 825 175 143 82 14 272 930 810 714 829 1,054 910 953 961 529 270 331 591 2,356 2,311 2,247 2,562 2,660 1,842 1,075 632 383 333 709 0 .76 0 0 .61 0 .61 0 .54 0 .46 2 .48 0 .45 2 .47 8fi 57 405 190 2,189 .039 0 .76 0 .76 1,502 2,332 0 .80 '16,045 445 12,323 13,425 12,572 11,486 10,630 9,652 1,923 57 1,936 152 1,511 32 1,257 14 1,301 4 1,502 10 1,680 298 2,212 2,461 9,198 8,559 6,907 7,060 8, 367 1,281 30 1,426 2 1,195 8 1,231 66 1,278 8 1,324 14 1.05 1.16 1.14 1.17 1.18 1.15 1.13 1.19 1.16 1.13 1.27 1.33 1.00 1.02 1.01 1.02 1.04 1.04 1.02 1.01 .98 1.00 .97 1.05 .93 .99 .87 .99 .92 1.04 1. 03 1.15 1.14 1.13 1.12 1.12 L12 .95 .97 1.06 1.13 1.08 .97 .98 1.03 12,946 15,395 497, 570 246, 247 107,050 9,154 15,066 471,620 249,686 98,756 9,875 397 41,833 8,881 380 37,393 7.32 7.25 ' 496,929 •91,377 • 405,552 7,843 8,051 509,410 253,119 89,766 3,771 5,127 8,638 6,846 517.317 481,793 242, 363 235,615 74, 774 62, 769 6,390 4,668 7,971 6,355 445,599 405,507 227,259 216,181 52, 735 42,832 8,298 10,024 11,217 8,683 380, 760 342,490 199,926 194,779 31,607 23,739 87,314 134,935 315 34, 323 8,600 265 37,766 8,009 276 34, 509 7.25 7.32 7.28 8.697 317 36, 309 7.16 5 88 5.79 5.85 5.79 5.76 9,181 8,211 7,547 8.315 7,599 10,382 736, 619 55 9,311 655,023 53 8,585 601,417 49 8,4fi5 599, 975 53 8,767 634,700 49 5,200 5,250 4,820 3,857 9,024 657,904 51 4,700 4,600 4,500 3,582 6.66 28,895 48,169 11,233 14,997 339,480 359,920 192,419 186,114 36, 674 64,198 58, 700 8,154 266 35, 466 7,920 303 35,567 7.48 7.22 155, 791 7,787 7,806 8,290 621,828 48 4,270 8,125 625,958 48 4,200 7,624 253 7,665 248 33,745 33,918 6.87 5.91 42, 289 15,595 418,130 219,903 78, 631 7.44 5.54 6.13 7,381 7,387 7,857 597,746 47 4,100 3,639 8,163 599,548 46 4,400 7,646 270 37,141 a 8,567 279 « 41,686 7.99 6.24 7.06 8,082 «9,055 8,016 659,717 48 9,746 »744,779 61 4,500 5,400 3,864 Total meats: 1,015 882 871 834 1,154 Consumption, apparent A mills, of lb_. 960 876 1,086 777 1,003 917 Production (inspected slaughter) * 799 mills, of lb_. 992 1,122 780 1,161 777 818 777 1,204 782 744 843 Stocks, cold storage, end of month, total 813 641 mills, of lb_. 401 921 1,021 716 •422 828 981 913 540 478 1,077 Miscellaneous meats mills, of lb__ 66 57 63 50 53 126 110 78 50 49 107 113 2 • Revised. Brewer's rice not included. • Dec. 1 estimate. / November 1 estimate. * New series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 20 of the June 1935 issue, wholesale price of wheat, No. 1 Dark Northern Spring, Minneapolis. f Data revised. For revisions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. 19 of the August 1933 issue. For revised data on exports for 1932 see p. 39 of the June 1933, issue for 1933, p. 20 of the September 1934 issue and for 1934, p. 19 of this issue. For 1933 revisions on corn, wheat, and wheat (including flour), see p. 20 of the September 1934 issue. • Represents the visisble supply east of the Rocky Mountains as reported by Dun & Bradstreet. A Government slaughter not included. # See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue and for 1934, revisions p. 20 of this issue. 44 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ary ber ber December 1935 1935 March April May June July August September FOODSTUFFS AND TOBACCO—Continued LIVESTOCK AND MEATS-Continued Cattle and beef: Beef and veal: Consumption, apparent A --thous. of lb_. 546,724 522,298 464,739 422,822 466,814 365,414 394, 538 405,041 425, 522 380,687 416,360 471,179 472,160 1,164 1,342 1,285 1,034 1,638 1,961 « 1,360 623 1,193 1,226 1,084 Exportst thous. of lb._ 1,013 988 Price, wholesale: Beef, fresh native steers, Chicago .184 .175 .133 .157 .192 .123 .169 .126 .174 .191 .170 .179 dol per lb-_ .179 Production, inspected slaughter* thous. of lb_. 559,057 535,042 481,645 429,835 449,865 345,112 374,848 374,311 404,144 366,834 404,365 463,641 465,982 Stocks, cold storage, end of month • thous. of lb_. 65,478 108,399 127,953 140,940 127,097 110,777 98,550 77,559 63,523 55,653 49,473 47,292 « 48,226 Cattle and calves: Movement, primary markets:* 1,381 1,470 3,000 1,889 1,630 2,163 1,797 1,402 1,603 1,636 1,943 2,257 Receipts thous. of animals._ 2,545 915 1,711 859 1,356 1,226 1,221 1,025 904 1,053 1,136 1,241 1,034 Slaughter, local thous. of animals.. 1,351 Slaughter, inspected. (See Leather and leather products.) 537 509 1,257 835 649 587 565 414 494 792 978 596 Shipments, total thous. of animals.. 1,198 192 477 199 317 219 165 629 145 150 302 441 Stocker and feeder.thous. of animals.. 237 192 Price, wholesale, cattle, corn-fed, Chi12.33 8.71 10.88 11.98 8.46 12.55 9.17 10.90 11.50 11.54 cago dol. per 1001b-. 11.41 12.43 11.31 Hogs and products: Hogs: Movement, primary markets." 1,622 2,422 2,807 1,823 3,218 1,650 3,140 1,301 1,551 1,336 1,278 1,220 Receipts thous. of animals.. 1,652 2,032 1,126 1,223 2,338 1,651 1,138 926 874 824 912 1,075 Slaughter, local thous. of animals.. 1,182 2,189 Slaughter, inspected. (See Leather and leather products.) i 498 764 601 771 881 506 463 953 375 420 477 401 390 Shipments, total---thous. of animals.. 32 30 26 66 52 28 25 42 24 27 26 31 22 Stocker and feeder.thous. of animals.. 9.29 5.95 7.99 8.49 5.95 8.96 6.51 9.49 9.41 9.49 11.26 11.41 Price, heavy, Chicago.-dol. per 100 lb~. 10.19 Pork, including lard: Consumption, apparent A_ _thous. oflb.. 399,239 568, 257 570,492 486,499 482, 726 365, 749 377,014 415,462 427,060 370,858 395,089 341,068 301,338 6,213 Exports, totaltthous of lb_. 7,425 35, 737 34,023 25,670 27,419 24,165 19,364 14,787 20,294 15,041 13,413 10,256 7,193 4,915 6,877 3,406 1,515 9,740 Lardf thous. of lb_. 2,731 » 26,870 «19,739 • 16,170 17, 667 15,890 10, 635 Prices: .185 .164 .165 .176 .176 .195 .213 .161 .223 .264 .279 .260 .203 Hams, smoked, Chicago.-dol. per lb.. Lard: .144 .112 .143 .101 .136 .122 .147 .138 .151 .141 .151 .169 .168 Prime contract, N. Y__.dol. per lb._ .144 .108 .116 .145 .154 .143 .131 .158 .177 .177 .164 .148 Reflned, Chicago* dol. per lb._ .148 Production, inspected slaughter, total A thous. of lb-. 363,102 561,807 669,797 641,917 484,691 385,906 351,302 363,631 373,924 321, 685 315,612 290,419 250, 608 34,392 LardA thous. of lb.. 47,758 88,548 108,746 109, 999 78,393 61, 221 55,640 57,704 58,684 49,102 45, 772 41, 306 Stocks, cold storage, end of mo. thous. of lb_. 280, 605 610, 256 675,740 805, 670 780,481 776, 795 732, 280 666,105 593,399 529,987 438,345 378,786 322,955 Fresh and cured A thous. of lb~ 240, 248 504, 737 571,913 687,563 667,984 666,598 627,346 564,881 503,413 445,307 369,910 325, 249 277, 605 Lard A thous. of lb.. 40,357 105, 519 103,827 118,107 112,497 110,197 104,934 101,224 89,986 84,680 68,435 53,537 » 45,350 Bheep and lambs: Lamb and mutton: 60, 255 Consumption, apparent A ..thous. oflb-- 69,370 63, 765 50,806 60,678 53,665 45,853 56,365 61,319 64,862 56,361 59,874 63,986 Production, inspected slaughter A 59,941 thous. of lb.. 69,983 64,478 52,451 60,625 62,990 45,600 56,179 61,089 64,678 55,946 59,653 63,641 Stocks, cold storage, end of mo. 3,218 2,376 3,074 3,819 2,109 3,506 3,031 4,687 2,354 ° 1,376 1,730 4,560 thous. of lb-. 1,965 Movement, primary markets: • 1,994 1,803 1,522 1,749 4,056 2,106 2,368 2,251 1,833 2,822 1,542 2,577 Receipts thous. of animals.. 3,055 1,011 1,037 1,022 1,185 2,126 1,223 1,227 1,144 1,109 1,017 902 Slaughter, local thous. of animals.. 1,225 850 Slaughter, inspected. (See Leather and leather products.) 891 784 1,169 1,943 720 886 1,046 666 1,434 819 1,660 644 Shipments, total thous. of animals.. 1,860 81 137 109 151 134 88 533 86 342 283 133 Stocker and feeder.-thous. of animals.. 886 908 Prices, wholesale: 3.00 4.13 2.95 4.00 3.69 3.28 4.09 2.00 3.91 3.09 3.59 2.00 2.63 Ewes, Chicago dol. per 100 lb._ 6.72 8.23 6.58 6.72 6.53 6.47 8.25 8.95 5.56 5.61 9.00 5.98 Lambs, Chicago dol. per 100 lb._ 6.63 Poultry and eggs: Eggs: 1,503 1,488 1,170 1,868 1,963 856 750 858 655 642 704 588 781 Receipts, 5 markets thous. of cases.. Stocks, cold storage, end of month: 7,595 1,508 7,947 6,386 34 3,901 • 6, 353 7,373 4,633 39 4,632 2,380 648 Case thous. of cases.. Frozen —- thous. of lb.. 87,667 88,715 76,073 64,879 52, 726 39,413 39,516 59,313 84,680 107,937 116,274 112,585 • 98, 653 Poultry: Receipts, 5 markets ..thous. oflb-- 28,332 31,383 64,370 59, 223 23,641 16, 501 13,542 14,178 15,147 18,615 18,646 16,765 21,783 Stocks, cold storage, end of mo. thous. of l b - 53,041 73,401 105,565 132,001 122,285 106,776 83,713 61,815 48,274 47,051 41,262 34,911 * 39, 720 TROPICAL PRODUCTS Cocoa: 12, 587 Imports* — long tons- 19,358 17,154 16,713 10,933 23,378 46,706 44,285 17,051 11,763 12,332 18,229 21, 593 .0470 .0501 .0517 .0474 .0491 .0500 .0485 .0525 .0504 .0487 Price, spot, Accra, N. Y dol. per l b - .0510 .0501 .0527 Shipments, Gold Coast and Nigeria 12,796 17,399 10, 820 14, 696 long tons.. 23,345 11,822 32,462 45,259 59,032 52,091 30,175 22,657 14,631 Coffee: Clearances from Brazil, total 1,316 1,308 1,390 1,298 1,006 1,138 1,096 1,118 1,308 1,078 978 1,466 thous. of bags.. 1,651 734 637 612 610 609 815 514 572 879 To United States._. thous. of bags.. 687 728 724 887 Imports into United States* 971 1,114 1,130 1,201 1,061 911 943 1,199 762 1,059 1,018 1,021 thous. of bags.. 1,237 .069 .066 .064 .066 .071 .071 .076 .085 .094 .094 .068 .093 .093 Price, Rio No. 7, N. Y dol. per lb._ 1,440 1,343 1,379 1,431 1,344 1,509 1,514 1,154 1,029 1,093 Receipts at ports, Brazil.-thous. of bags.. 1,651 1,113 1,105 Stocks, world total, incl. interior of Brazil 23,204 24,032 24,722 22,930 24,716 25,060 25,633 J 21,133 25,904 thous. of bags.. 26,168 0) 0) 0) Visible supply, total excl. interior of 7,374 7,749 7,540 7,670 7,653 6,477 7,153 7,064 6,820 6,642 6,537 6,915 Brazil _ —..thous. of bags.. 7,794 672 863 799 655 790 715 878 941 866 820 705 769 716 United States thous. of bags.. * Revised. i Data not available. * Total incomplete. A Government slaughter not included, see p. 44 of the June 1935 issue. #See footnote on p. 37 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue, for 1934 revisions see p. 20 of this issue. fFor revisions of exports for 1932, see p. 40 of the June 1933 issue. For revised data for 1933 on all export data, see p. 20 of the September 1934 issue, for 1934 see p. 19 of this issue. •New series. See p. 18 of January 1934 issue. •Includes animals purchased for Federal Relief Corporation for month of October 1934-February 1935. December 1935 45 SURVEY OF CURRENT BUSINESS 1935 1934 Monthly statistics through December 1931, 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 ber 1935 February March April May June July August September FOODSTUFFS AND TOBACCO—Continued TROPICAL PRODUCTS—Continued Sugar: Raw sugar: Cuba: Stocks, total, end of month thous. of long tons.. 979 1,689 United States: Meltings, 8 portsf long tons.. 313,903 411,507 Price, wholesale, 96° centrifugal, New York dol. per lb.. .036 .029 Receipts: From Hawaii and Puerto Rico 49,393 long tons.., 73, 641 Importst # --.long tons.. 82,044 '243,250 Stocks at refineries, end of mo.f long tons.. 395,639 363,952 Refined sugar 20,194 Exports, including maplef long tons.,. 14,485 Price, retail, gran., N. Y dol. per lb_. .056 .055 .052 .046 Price, wholesale, gran., N. Y.dol. per lb_. Receipts: From Hawaii and Puerto Rico* long tons.. 1,534 Imports: 64, 724 Cuba* * long tons.. 8 Philippine Islands*. long tons.. 0 2,619 42,481 Shipments, 2 portsf long tons.. 40,943 9,951 Stocks, end of month, 2 portsf-long tons.. 15, 854 Tea: Imports#. thous. of lb_. 9,326 7,942 Price, wholesale, Formosa, fine, N. Y. dol. per lb.. . 275 1,345 930 1,789 2,317 2,465 2,230 1,993 1, 589 1, 158 1,076 278,822 227,522 356,818 300,884 327,724 340, 929 436, 500 323,013 414,436 331, 240 301,969 .029 .029 .028 .029 .030 .033 .033 .033 .033 .033 .035 65, 794 165,561 58,463 260,715 100,368 484,448 151,033 139,153 181,898 205, 251 168,519 242, 346 125,811 225,913 163,091 210,218 117, 378 326,736 120,832 511,025 116,550 117,163 456,679 718,953 483,143 424,085 492,247 567,039 509,028 504,813 536, 236 596, 925 • m 24, 453 .053 .045 21,461 .052 .043 .052 .042 10,307 .051 .042 7,932 .051 .043 4,209 .052 .049 3,187 .053 .052 5,681 .053 .052 6,496 .055 .051 32,450 .055 .050 537,518 13,369 .056 .051 670 2,528 6,972 18,816 J3,158 12,806 15,028 16, 260 12, 099 6, 472 6,381 4,911 2,435 36.981 6,343 53 37,414 25,969 53, 280 18 42,309 18,110 18,385 0 46,577 15, 565 15, 263 729 50,515 16,026 45,164 4,816 59,109 24. 586 5.875 56,190 10,361 6,857 50,368 11,839 13,857 14,603 27,842 6,555 58, 606 13, 346 JO], 105 0 50,451 13,742 7, 600 \ 0 46,853 9, 754 5,015 7,385 6,524 8,401 6,049 5,999 5,499 5,830 0, 521 8, 457 .215 .215 .275 .275 .275 .275 23,429 7,668 .215 .215 Candy sales by manufacturers-thous. of doL. 26,187 25,107 Fish: Landings, fresh fish, principal ports thous. of lb.. 42,793 25,056 Salmon, canned, shipments cases.. 889,651 Stocks, total, cold storage, 15th of month thous. of lb.. 70, 079 77,151 TOBACCO Leaf: 64,810 Exportsf—thous. of lb.. 60, 488 8,470 5,140 Imports, unmanufactured#__.thous. of lb-. Production, crop estimate thous. of lb.. /1,300,036 Stocks, total, including imported types (quarterly) _ mills, of lb_. Flue-cured, fire-cured, and air-cured mills, of lb... Cigar types mills, of lb.. Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes ...millions.. 12,711 10. 718 Large cigars thousands.. 524,399 494, 456 Manufactured tobacco and snuff thous. of lb_. 31,916 30,506 Exports, cigarettes.... thousands- 324, 298 280,590 Prices, wholesale: Cigarettes dol. per 1,000.. 5.380 5.380 Cigars dol. per 1,000.. 45.996 46.742 24, 935 24,596 20,475 21, 238 26,966 367,430 24,350 362,326 21,616 348,805 77,126 73,850 64,176 .275 .275 .275 21, 753 20, 419 19, 637 14,434 11,191 16,910 27, 880 27,454 659,355 37,369 676, 996 44, 343 309, 459 41, 588 203,609 38,378 368,097 42,811 407, 363 41,769 732, 630 38,445 950, 789 51,574 35, 213 22,068 21,691 35,905 48,157 59,443 MISCELLANEOUS PRODUCTS m u 66, 527 • 47,634 4,521 28,609 3,608 •1,045,660 31,711 4,418 24, 629 4,501 31,897 4,643 17,937 5,700 17,386 4,044 12. 452 6,623 2,224 2,348 1,866 387 22, 644 6,086 « 2,163 1,783 360 14, 782 5,250 »1,701 « 374 52, 671 4, 943 2,199 m 1,771 350 9,727 466,164 9,210 317,563 11,337 327,578 9,306 320,864 10,200 351, 694 10,697 373,673 11,709 407, 731 12,120 402,272 13,138 432,159 11,975 422, 282 10,774 430,959 27,769 282,269 22, 709 288, 768 30,120 332,412 26,103 329,290 27,970 323,732 27,689 261, 677 30,603 382,815 27,879 308,5C0 29,066 304,549 30, 212 307, 484 28,984 297,240 5.380 46. 697 5.380 46. 697 5.380 46. 697 5.380 48.820 5.380 46.820 5.380 46.041 5.380 46.041 5.380 46.041 5.380 46.005 5.380 45.996 5.380 45.996 FUELS AND BYPRODUCTS i Anthracite: COAL Exports—.—thous. of long tons.. 120 91 118 1(32 122 140 156 S9 84 156 Prices: Retail, composite, chestnut 1 dol. per short ton.. 13.02 13.11 13.01 13.02 13.04 13.01 12.47 11.70 11.86 12.07 11.63 Wholesale, composite, chestnutj dol. per short ton.. 9.841 9.815 9.833 9.847 9.132 11.033 9.716 8-809 9.245 8.918 9.657 9.436 Production! thous. of short tons.. 4,505 4,729 4,181 4,705 5,691 4,806 3,082 4,919 3,536 5,642 2,591 4,172 Shipments! thous. of short tons.. 4,214 5,071 4,027 3,601 3,946 4,168 2,555 4,347 3,032 2,393 4,879 3,587 Stocks in storage:* Total thous. of short tons 2,540 1,921 921 2,673 774 1,415 456 705 1,462 970 1,758 Stocks, in yards of dealers, end of month no. of days' supply. _ 60 24 54 36 23 24 54 27 36 44 72 00 Bituminous: Consumption: Coke plants ....thous. of short tons_. 3,481 3,438 3,637 4,178 4,199 4,381 4,134 3, 765 3,860 1,171 4,086 E lee trie power pi ants f thous. of short tons.. 2,915 2,698 2,870 3,011 2.677 2,643 2,579 2,540 2,802 2,608 « 2,959 3,038 Railroads thous. of short tons. _ 4,855 5,24S 5,089 5,550 5,094 4,822 5,389 4,706 4,535 4,329 •1, 789 4,575 Vessels, bunker thous. of long tons.. 82 109 120 89 79 95 132 144 128 161 156 a Revised. / November 1 estimate. « December 1 estimate. t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933, data revised for 1933, see J< or revisions reier to tne indicated pages oi tne mommy issues, as follows: Exports of tobacco for 1932, p. 42, June 1933, data revised for 1933, p. 20 of the September 1934 issue. For 1931 revisions see p. 19 of this issue. 1932 final revision of anthracite production, p. 42, January 1934. Anthracite shipments for 1932, r i{ p. 42, December 1933; consumption of bituminous coal by electric power plants for 1932, p. 42, May 1933; for 1933. p. 42, May 1934. Data also revised for 1934. Revisions not shown on p. 43 of the June 1935 issue will appear in a subsequent issue. 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. Revised data on shipments and stocks of refined sugar at 2 ports (for period January 1925-April 1935) are shown on p. 13 of the October 1935 issue, change resulted from a reduction in the number of reporting refineries. #See footnote on p. 37 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue. For 1934 revisions, see p. 20 of this issue. • Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports. X Price converted to short-ton basis. Data on a short-ton basis prior to April 1931 were not published. Earlier monthly data were reported on a long-ton basis. A Note major correction in data on imports of refined sugar from Cuba June-November 1934 were shown w the February iy:io issue. • New series. For earlier data, see p. 20 of the Augint 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May 1934 on imports of refined sugar 'rom the Philippine Inlands are oof available 1 Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price will be shown quarterly. 46 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 together with explanatory footnotes and references to the sources of the data, may be found October Novem- Decem- January October in the 1932 Annual Supplement to the Survey ber ber December 1935 1935 F U tl - March April May June July August September FUELS AND BYPRODUCTS—Continued COAL—Continued Bituminous—Continued. 789 1,059 Sxports thous. of long tons— Price, retail composite, 38 cities 1 8.41 8.35 dol. per short t o n . . Prices, wholesale: 4.324 4.190 Composite, mine run dol. per short t o n . . Prepared sizes (composite) 4.451 4.449 dol. per short t o n . . 32,807 Production! .thous. of short tons._ 37,664 Stocks, consumers, and retail dealers, end 35,810 of month--. ._-thous. of short tons.. 39,600 COKE 54 92 Exports thous. of long tons.. Price, furnace, Connellsville 3.64 3.73 dol. per short ton.. Production: «90 78 Beehive! thous. of short tons.. 3,052 2,312 Byproduct! thous. of short tons.. 119 129 Petroleum thous. of short tons.. Stocks, end of month: 2,975 3,081 Byproduct plants thous. of short tons.. 427 464 Petroleum, refinery.-thous. of short tons.. PETROLEUM AND PRODUCTS Crude petroleum: 75,991 Consumption (run to stills)-thous. of bbl_. 85,132 2,395 Imports # --thous. of b b L . 2,815 .940 .940 Price, Kansas-Oklahoma dol. per b b L . 76,594 Production^ ..thous. of bbL. 88,160 73 67 Refinery operations pet. of capacity.. Stocks, end of month: California: Heavv crude and fuel oil§ thous. of b b L . 59,388 67,133 37. 209 Light crude§ thous. of b b L . 35,591 274,568 302, 636 East of California, total!§-thous. of b b L . 56, 339 Refineries!^ . --thous. of bbl._ 51,751 Tank farms and pipe lines!§ thous. of b b L . 222,817 246, 297 1,218 1,171 Wells completed!!number.. Refined products: Gas and fuel oils: Consumption: 1,164 926 Electric power plants!.-thous. of bbL. 3,494 Railroads thous. of bbl . 2,354 Vessels, bunker thous. of bbl . "~2,"740~ Price, fuel oil, Oklahoma, 24-26 refineries .700 .725 dol. per bbL. Production 20.144 Residual fuel oil*!§ -thous. of bbL- 22,652 Gas oil and distillate fuels !s 7,904 9,068 thous. of bbl Stocks: Residual fuel o?l, east of California*!! 27, 379 thous. of bbl . 26,265 Gas oil and distillate fuels, total*§ 24,299 24.84S thous. of bbl Gasoline: 37,674 41,401 Consumption!! —. thous of bbl 2,195 1,823 Exports* . thous. of bbl Exports, vi!ne. (Set Foreign Trade.) Drums, delivered, N Y. dol por gal Refinery, Oklahoma dol per gal Price, retail, service station, 50 cities Production At natural gas plants!§ thous. of bbl At rpfint*riesf § thous. of bbl Retail distribution (41 States)t mills, of gal.. Stocks, end of month: At natural gas plants§._thous. of bbL. At refinerios+§ thous. of bbl Kerosene* Consumption!^-. thous. of bbl . Exports thous. of bbL. Price, 150° water white, refinery, Pa. dol. per g a l . Productions thous. of bbl _ Stocks, end of month's thous. of b b L . Lubricating oil: Consumption!^ thous. of Price, cylinder oil, refinery, Pa. dol per Production! thous. of Stocks, refinery, end of m o n t h § thous. of 949 537 366 351 356 882 772 955 983 1,080 8.35 8.36 8.37 8.39 8.39 8.24 8.11 8.05 8.12 8.12 4.190 4.190 4.180 4.180 4.180 4.180 4.217 4.234 4.252 4.233 4.237 4.449 30. 856 4.460 32,331 4.459 36,681 4.462 34,781 4.446 38,655 4.314 21,937 4.277 26, 773 4.294 30,067 4.314 22, 252 4.281 26,112 4.336 24,944 36,356 34, 476 32,045 32,197 38,543 36, 249 35, 541 41,127 40,772 40,378 °40,904 83 42 32 25 23 18 50 69 70 62 54 3.73 3.73 3.73 3.73 3.70 3.60 3.60 3.54 3.37 3.33 3.33 97 2,262 113 87 2,414 97 88 2,802 116 93 2,781 110 101 2,911 119 67 2,670 120 57 2,793 132 61 2,600 135 46 2,566 140 56 2,778 131 55 2,836 123 3,418 459 3,418 405 3,129 375 2,860 353 2,961 367 3,019 397 2,791 416 2,787 424 2,995 441 3,192 458 3,129 454 73.784 3,448 .940 72, 399 69 76,593 2,794 .940 74, 797 70 75, 456 1,699 .940 78,715 69 70,817 1,753 .940 72,763 72 76, 630 3,227 .940 81,488 68 75,066 2,651 .940 78,427 68 80, 412 3,160 .940 82, 454 70 81, 724 2,937 .940 82,338 74 84, 903 3,000 .940 85,485 74 84, 584 3,110 .940 84,816 74 83, 347 2,870 .940 84,109 74 63.891 37.290 297,068 55, 253 61,861 37,529 292.810 55,019 60,879 37.823 293, 226 55, 892 60. 689 37, 447 292, 776 56,316 59,714 36,872 295,351 57. 651 58. 818 35. 377 297. 380 59. 343 58,928 33, 233 298. 240 59, 909 57,894 33, 282 294, 314 57, 584 58,498 32, 662 289, 703 56, 081 58, 243 33. 494 284, 471 56, 055 58.518 34,981 278, 643 53, 710 241,815 1,036 237,791 1,051 237,334 1,004 236, 460 1,103 237, 700 1,209 238,037 1,248 238, 331 1,467 236, 730 1,385 233, 622 1,348 228,416 1,428 224, 933 1,433 800 3.215 2,250 894 3, 353 2,434 892 3,437 2,477 796 3,108 2,148 814 3,441 2,698 764 3,365 2,402 849 3,390 2,621 852 3,241 2,496 931 3,300 2,666 1,011 3,381 2,762 « 1,041 3,366 2,560 804 .750 .750 .750 .750 .750 .750 .769 . 775 .765 .750 .740 19,917 21,086 20, 335 19.178 20, 453 19.328 21,311 20,267 20, 210 21,232 21,495 8,044 8,136 7,696 7,147 8,678 7,183 8,198 8,205 8,709 8,129 8,885 28, 081 26, 579 25, 274 24, 136 23,614 22, 677 23, 884 25, 548 26, 909 27,179 27, 351 24. 449 21, 957 18, 021 16, 260 16, 052 16, 232 17, 365 20, 232 22,915 23,860 24, 272 34, 998 1,833 30. 5<U ° 1,373 28,062 1,845 26.432 1,092 31,997 2,081 36.076 1,330 39, 089 1,848 37,884 2,729 41, 203 2,759 42, 836 2,453 37, 862 2,678 .165 .046 .161 .046 .136 .045 . 128 .044 .120 .046 .138 .051 .162 ,053 .163 .056 .166 .056 .173 .056 .173 .056 3,132 40,667 3, 064 40, 488 3.202 39,817 .173 . 056 . 155 .043 . 119 124 .129 .132 . 132 .133 .136 . 139 . 140 3, 574 41,956 3, 267 36, 282 3,240 35,591 3. 263 35,997 3, 286 35, 330 2,952 32, 702 3. 223 35,314 3. 056 34,728 3,085 37,583 3,134 38,180 1,094 1,022 931 848 809 970 1,048 1,113 1,145 1,243 1,258 «1,176 2,442 27,280 1, 083 26. 261 889 25, 201 "1,436 28,311 1,461 33, 224 1,472 38, 548 1,77« 40, 220 2.050 37,867 2, 579 34, 725 2,745 32, 499 3,027 30, 550 2,975 26, 549 2,760 27,166 4,520 370 3.957 •956 4, 451 825 4,761 "798 4,299 691 4,597 441 3,959 538 3,751 498 3,545 496 2,768 614 2,885 456 3, 631 519 3,892 750 .049 4,978 9,318 .049 4,889 7,497 .048 4,786 7.199 .046 4,777 6,398 .047 5,011 6.388 .019 4,791 6,119 .050 5,215 6,834 .050 4, 325 6,886 .050 4,474 7,295 .050 4.417 8,310 .050 4,212 9,169 .048 4,390 9,398 .049 4,498 9, 238 bbL. 1,820 1,674 1,493 1,391 1,557 1, 297 1,617 1,802 1,919 1,558 1,655 1,667 1,697 gal . bbl .120 2,463 6,612 .146 2, 145 .134 2,090 .126 2,346 .110 2,175 .113 2,028 .110 2,251 .110 2,309 .113 2,392 .120 2,247 .120 2,213 .120 2,399 .120 2,357 6, 939 6,869 7,331 7,100 7,416 7,27 ' 7,026 6,897 6,855 6,517 6,649 6,607 bbl o Revised. o New h isis due to reelassifination of motor-uiP 1 stocks ! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Bituminous coal production, for 1932, p. 42, January 1934. Bituminous coal production revised for 1933 and 1934. Revisions not shown in the May 1935 issue will appear in a subsequent issue. Beehive and byproducts coke for 1932, p. 43 of December 1944 issue, and for 1944 revisions seep 43, July 1944 Data for 1944 also revised; revisions not shown in the July 1945 issue will appear in a subsequent issue Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932 See footnote on p. 56, November 1933. Consumption of gas and fuel oils in electric power plants for 1932, p 43, May 1933. for 1944 revisions, p 43, May 1934 Data also revised for 1934. Revisions for months not shown for 1944 on p. 44 of the June 1945 issue will appear in a subsequent issue. 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. for 1942, p 56, November 1933; retail distribution of gasoline in 41 States for 1932. p. 43. May 1933, for 1944. p 43. May 1944. • See footnote on p. 37 of this issue. Imports also revised for 1()44. see p 20 of the October 1941 issue; for 1934 revisions see p. 20 of this issue. § D.ita revised for 1044 See p 20 of the J muiry 1945 issue. For 1944 see p. 20 of the October 1945 issue. • Dita revised for 1934, see p. 20 of the September 1944 issue; for 1944 revision- see p. 19 of this issue. • New series. For earlier data see p. 20 of the February 1944 issue, production and stocks of residual fuel oil and sras oil and distillate fuels. ^ Monthly retail price of coal was discontinued with the month of August 1935. Subsequent, to that month the price will be shown quarterly. 47 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1 9 3 5 together with explanatory footnotes and references to the sources of the data, may be found , Novem- Decem- January Februan the 1982 Annual Supplement to the Survey October October j ber ber 1935 March April June May July August FUELS AND BYPRODUCTS—Continued PETROLEUM AND P R O D U C T S Continued Refined products—Continued. Other products: Asphalt: 6 Imports# thous. of short tons.. 351 ProductiontS thous. of short tons-. Stocks, refinery, end of month 341 thous. of short tons_. Coke. (See Coke.) Wax: Production thous. of lb_. 39, 200 Stocks,refinery,end of mo.§.thous.oflb_ 124, 557 0 286 1 225 0 155 3 147 9 132 8 182 1 251 0 308 2 350 2 352 2 380 7 343 292 309 339 366 378 409 411 424 435 405 363 354 39 480 123 099 39.480 130,222 37,520 136,136 36 960 141 252 35. 280 145. 744 37, 240 141, 809 43 120 144 153 41,160 145,982 31, 360 141, 506 32,480 138,941 35. 000 136,646 36,400 131, 560 LEATHER AND PRODUCTS HIDES AND SKINS Imports, total hides and skinsf# thous. of lb. Calf and kip skins thous. of lb_. Cattle hides.thous. of lb. Goatskins! thou , of lb. Sheep and lamb skins thous. of ib.. Livestock inspected slaughter: CalvesA __thous. of animals.. Cattle A thous. of animals.. Hogs thous. of animals.. Sheep• thous. of animals.. Prices, wholesale: Packers, heavy native steers, Chicago dol. per ib.. Calfskins, no. 1 country, Chicago dol. per lb_. LEATHER Exports: Sole leather.._ thous. of lb_. Upper leather!* thous. of sq. ft.. Production: Calf and kip* thous. of skins.. Cattle hides*t thous. of hides.. Goat and kid*t thous, of skins.. Sheep and lamb*tJ thous. of skins.. Prices, wholesale: Sole, oak, scoured backs (Boston) dol. per lb_. Upper, composite, chrome, calf, black, " B " grade dol. per sq. ft Stocks of cattle hides and leathers (all kinds) end of month: Total*H thous. of equiv. hides.. In process and finished* thous. of equiv. hides.. Raw*V -thous. of equiv. hides.. 27,786 2,236 12. 670 5,574 5,827 10,018 919 2,148 3, 202 2, 658 11.095 658 3.763 3,219 2,554 12, 635 ° 1,131 « 5, 303 2,856 2,397 16.879 1.289 5,610 5, 752 2,549 18, 5G8 1, 306 7.402 5,870 2.351 24,705 1.429 11,801 6, 480 3, 140 24,736 1,140 12,815 6,132 3,160 27,003 1,810 12, 275 6,056 4,643 25,107 2,942 10, 203 7,277 3,348 33,178 2,164 16, 329 8,211 4,470 28, 357 1,931 11,907 7,950 3,576 25,056 2,225 11,712 6,133 3,146 531 1,083 2,135 1, 765 660 1,417 3.546 2 627 522 1,284 4,023 1.447 494 1.076 4,196 1,298 512 978 3,047 1,345 391 663 2, 409 1.137 473 691 2,158 1,374 511 683 2,177 1.483 508 735 2,172 1,584 439 669 1,828 1,421 464 745 1,712 1,546 472 875 1,668 1,665 458 886 1,453 1,549 .154 .096 .099 .110 .120 .111 .104 .113 .123 .124 .130 .132 .143 .176 .092 .110 .114 .122 .113 .112 .118 .153 .156 .146 .138 .158 510 8,563 363 451 6,030 281 5, 428 184 7, 3U7 187 7,094 213 6,040 448 6,035 242 5,522 382 4,595 1,286 2,015 4,539 4,111 1,161 1,678 3. 637 3,062 1,015 1,684 3,329 2,871 233 » 5, 676 1,079 1,683 3,274 2.707 1,119 1.878 3. 593 3,131 1,023 1.749 3 652 3.090 1,095 1.808 4 033 2,982 1,088 1,823 4,184 3,144 1,156 1,866 3,970 2,850 1,316 1, (361 3,587 2,802 1,399 1,719 4,061 3,039 443 5,798 1,349 1,830 4,091 3,474 .37 .27 .28 ,30 .30 .30 .32 .37 .35 .34 .35 .35 .380 .296 .298 .307 .319 .320 .320 .320 .342 .354 .361 .362 .373 18,016 16,837 17.421 17,905 18,288 18. 236 18.152 18, 209 18,203 18,044 17,844 17, 764 * 17,851 11,423 6,593 10, 253 6,584 10,507 6,914 10.830 7,075 11.271 7,017 11.394 6,842 11.419 6,733 11,447 6,762 11,516 6,687 11,487 6,557 11,381 6,463 11,330 6,434 * 11, 273 « 6, 578 209, 337 196. 371 141. 377 141, 124 177, 442 194, 886 187. 746 201, 204 «194, 270 °194, 951 271,909 134, 592 131, 082 86, 735 74. 649 100, 424 114. 880 103,353 112,955 114.037 108,360 147, 926 74, 745 65, 289 54, 642 66, 475 77, 018 80, 006 84, 393 88, 249 » 80,233 ° 86, 591 123,983 255, 792 142, 230 113, 562 430 3,603 "1,227 a 1, 724 • 3, 993 3,061 LEATHER MANUFACTURES Gloves and mittens: Production (cut), total*......dozen pairs-. Dress and semidress* dozen pairs.. Work* .dozen pairs.. Shoes: Exports thous. of pairs.. Prices, wholesale: Men's black calf blucher, Boston dol. per pair.. Men's black calf oxford, lace, St. Louis dol. per pair.. Women's colored calf, Goodyear welt, oxford, average dol. per pair.Production, totalf .thous of pairs.Men'sf thous. of pairs.Boys' and youths'f thous. of pairs.. Women'sf . thous. of pairs.. Missses' and children'sf.thous. of pairs.. Slippers, all typesf thous. of pairs... All other footwearf thous. of pairs.. 100 72 77 49 40 55 92 82 79 68 69 101 73 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 4.31 4.15 4.15 4.15 4.15 4.15 4.15 4. 15 4.15 4.15 4.21 4.25 4.25 4.00 28. 709 7,634 1,512 8,804 2.771 5,212 2,775 4.00 23, 852 6,939 1, 252 6,147 2,293 4,827 2,394 4.00 23, 200 6,563 1,194 7,746 2,401 2,892 2,404 4.00 29, 007 7,677 1,381 11,897 3,078 1,734 3,239 4.00 30, 107 7.567 1,273 12. 631 3, 136 2, 106 3,393 4.00 33.584 8, 136 1,384 13. 927 3, 301 2,559 4,279 4.00 30, 750 8, 145 1,511 10, 810 3,177 2.948 4.160 4.00 26.732 7,794 1, 566 8,727 2,706 2,516 3,423 4.04 31,687 7, 795 1,701 13,001 2.902 3,231 3,056 36, 508 8.888 1, 657 15, 622 3.295 4, 0r4 2,992 0) 35, 139 9,648 1,691 11,680 3,134 5,869 3,117 1 4.00 33. 828 8, 050 1.370 13. 563 3. 610 2.618 4.617 0) 0) -33,468 « 8, 186 - 1,469 • 13,217 2,929 • 4,807 • 2,859 Data discontinued by reporting source in July 1935. of the June 1935 issue. A Government relief slaughter included for the period June 1934-February 1935. See p 44 of the June 1935 issue for the figures, excluding relief slaughter. For sheep and 1-unbs, relief ^.uphter only affected the data '"or * e months of September to December 1934 §Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue. #See footnote on p. 37 of this issue. Imports revised for 1933, see p. 20 o( the October 1934 issue, for 1934 revisions see p. 20 of this issue. •New series: For earlier data refer to the indicated pages of the monthly issues. Leather production, p. 19, June 1933; leather stocks, p. 19, January 1935. New series on gloves and mittens cover 234 identical manufactures as reported to the U. S. Department of Commerce, Bureau of the Census. Data prior to July 1934 are not available. These data are not comparable with data through January 1934 previously shown. tRevised series. For earlier data refer to the indicated pages of the monthly issues, Production of cattle, sheep, and lamb leather, p. 44, April 1934; imports of total hid and skins for 1932, exports of upper leather for 1932, p. 43, Jane 1933; boot and sine production for 1934, p. 45, March 1935. Production oi asphalt for 1932, p. 56, Nodes vejmber 1933. •Data revised for 1933. See p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of this issue. SURVEY OF CURRENT BUSINESS 48 1934 Monthly statistics through December 1931, 1935 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 ber December 1935 1935 March April May June 1 I July 1 August September LUMBER AND MANUFACTURES LUMBER-ALL TYPES Exports (boards, planks, and scantlings)** M ft. b. m National Lumber Mfgrs. Assn: Af || Production, total* mill. ft. b. m._ Hardwoods* mill. ft. b. m__ Softwoods* .-mill. ft. b. m__ Shipments, total* mill. ft. b. m._ Hardwoods* mill. ft. b. m__ Softwoods* --. mill. ft. b. m__ Stocks, gross end of month total* mill. ft. b. m._ Hardwoods*... __.__mill. ft. b. m._ Softwoods* .mill. ft. b. m_. Retail movement: Retail yards, Ninth Fed. Res. Dist.: Sales -.--M ft. b. m._ Stocks, end of month.. M ft. b. m._ Retail yards, Tenth Fed. Res. Dist.: Sales M ft. b. ni.. Stocks, end of month.M ft. b. m__ 93, 762 101, 200 9,270 1,072 222 850 1, 196 233 963 1,144 232 912 1,224 227 997 1, 268 233 1, 035 1,401 242 1, 159 07,627 ! 61,883 59,893 73, 012 81,752 1, 239 236 1,003 1, 490 241 1,249 1.242 247 995 1. 329 266 1,063 1,571 288 1,283 1, 524 293 1,231 "1,733 1,664 283 1,381 3,566 251' 1,307 7,704 2,091 5,613 7, 580 2,080 5,500 7,479 2,085 5, 394 7. 346 2,076 5,270 7,133 2,071 5, 062 7,084 2,090 4,994 4,019 53,948 3,403 58,442 2, 738 63,831 2,499 25,929 1,626 25,399 1,735 25,584 1,689 25,895 3,340 66,738 2,317 26,0S2 5,776 67,415 8,180 69, 405 2,517 26, 619 3,395 4,149 4, 546 3,408 20,832 2,905 3, 819 2, 673 3,005 20, 286 2,669 3,510 3,339 2,668 21, 001 4,122 4, 561 3,366 3,302 21,059 4,630 5,831 3,440 2,812 21, 508 2,886 5,151 3,894 2,929 22, 766 9,802 7,972 9,404 10, 095 62, 793 8, 262 6,425 9, 182 9, 533 63,077 6, 246 5,678 7,704 6,964 63,614 6,406 8,777 8,676 63, 302 12, 264 8,504 7,773 9,015 61, 442 105 109 227 90 113 124 261 86 109 146 269 131 131 1,947 1,719 1,927 1,700 1,932 1,671 1,914 1,645 77,810 88,813 • 93, 861 106, 766 91, 728 1,873 290 1,583 1,697 270 1,427 1, 226 193 1, 033 1,321 237 1,084 1,036 172 864 1,145 214 931 163 733 1, 066 196 870 1, 039 217 822 1,207 224 983 7, 533 2,150 5, 383 8,171 2, 163 6,008 8, 032 2,121 5,911 7,872 2,098 5, 774 14,125 64,942 10,174 57,332 7,777 55,191 3.132 25, 622 2,801 26,221 4, 634 4, 763 5,584 4,891 20, 497 24, 383 14, 347 21.642 23,475 52, 843 7,131 2,085 5, 046 1. 444 " !.657 > 2H) 1,377 7,218 2,105 5,113 7,347 2,131 5, 216 10, 629 67,104 10, 636 67,160 11, 567 69,817 9,787 69, 793 2,883 26, 788 2,701 26,991 3,741 27, 569 3,257 27, 773 2,882 27,902 3, 634 5,195 3,942 4,148 22, 301 4,307 5,112 3,342 4,410 21,313 4,311 5,388 4,347 4,692 21,043 5, 706 6, 045 4,200 5,114 20, 295 4, 278 5,498 4,315 5,037 18, 214 3,917 4,989 4,276 4,035 19, 638 15,889 10,237 10, 245 14, 606 57, 061 13,947 10, 638 11, 698 14.438 53, 959 21, 991 14, 422 15,078 18, 306 50, 392 18, 622 15,304 18,108 17, 732 50, 639 15, 466 12, 423 20, 606 18, 374 52, 644 16,456 11, 004 17,642 17,864 52,408 19, 459 13, 065 19, 467 17, 402 54, 475 173 287 146 161 158 262 150 161 158 264 150 173 161 269 146 173 158 271 146 176 158 279 191 180 1,905 1,618 1,860 1,598 1,842 1,578 1,823 1,554 1,793 1,522 1,819 1,539 Flooring Maple, beech, and birch: Orders: New M ft. b. m._ UnfiTled,~end of month.——M ft. b. m._ Production M ft. b. m._ Shipments -M ft. b. m__ Stocks, end of month.. M ft. b. m._ Oak: Orders: New . M ft. b. m— Unfilled, end of month M ft. b. m._ Production M ft. b. m__ Shipments -M ft. b. m._ Stocks, end of month M ft. b. m._ I 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._ 101 229 36 38 49 59 58 54 48 52 55 60 445 409 441 403 432 383 429 370 421 363 406 352 392 344 392 340 383 328 384 324 195 ! 296 210 184 I 1.917 1,021 65 I.. 406 341 99 97 106 95 109 100 108 103 105 102 109 641 541 639 542 648 542 644 549 644 536 627 526 575 467 558 455 552 447 560 458 586 477 22, 677 14, 548 35,959 19, 715 40, 728 26,156 45, 325 27, 565 39, 622 30,327 43,911 25,338 40, 708 18, 592 38, 663 15, 623 14,607 14,346 2,517 577 4,862 8,615 15, 568 20, 834 26,952 36, 486 b. m. b . m__ 196, 517 169,211 125,789 140,114 124,446 128,923 141,904 145, 038 136, 085 140,114 153,096 151,753 158,467 180,850 108,778 88,634 128,923 199,203 158, 915 120, 417 185, 774 207, 261 161,153 179, 507 162,496 b . m._ (0 16.00 16.00 34.00 34.00 110,569 144,143 118, 627 149,067 34.00 145,038 141,009 Softwoods Fir, Douglas: Exports-.f Lumber • M ft. Timber M ft. Orders: New^ ... M ft. Unfilled, end of m o n t h M ft. Price, wholesale: N o . 1 common _dol. per M ft. Flooring, 1 x 4, " B " a n d better dol. per M ft. Production^ _ . . M ft. Shipments?.. M ft. Pine, northern: Order?, new M ft. Production M ft. Shipments M ft. b. m b . m. 110,121 16.00 16.00 16.00 b . m__ 0) b . m__ 211,290 b . m__ 192,489 34.00 129,370 113,703 34.00 122,656 123,998 34.00 103,407 113,703 11, 462 12,392 10,119 6,503 3,266 5,044 1,014 5,526 4,718 608 4,237 b. m b. m b. m 7,755 16.00 5,530 667 5,097 5,532 1,529 5,303 4,510 2,004 6,355 16.00 16.00 34.00 34. 00 158,467 69,385 170, 554 109,674 5,818 5,511 5,638 6,912 8,738 7,174 16.00 16.00 16.00 34.00 34. 00 34.00 66, 252 104, 750 179.059 71,624 108, 778 196,070 13,355 10,169 13,489 10, 898 22,178 12,103 10, 260 22, 774 11,211 (0 0) 205,470 212,185 9,800 16,398 11,283 1 • Revised. D a t a temporarily discontinued. * New series. For data on lumber exports for period of J a n u a r y 1919 to September 1932, see p . 20 of the November 1932 issue. See special footnote below on lumber production, shipments, a n d stocks. t D a t a revised for 1932, see p. 44 of the J u n e 1933 issue, exports of Douglas fir lumber and timber, for revisions from J a n u a r y 1031 July 1935 on production, shipments, and stocks of total lumber, hardwoods and softwoods, see p. 19 of the October 1935 issue. • Data revised for 1933. See p . 20 of the September 1934 issue; for 1934 revisions see p . 19 of this issue. • New series on lumber production, s h i p m e n t s and stocks compiled r>y N aioaal Lumber Manufacturers' Association and represent an estimate of the total lumber cut based on monthly reports received frora regional associations covering between 80 and 90 percent of the total cut in 1934 and 70 to 80 percent in 1935, T h e fieure> for 1935 are not final a n d are subject to revision. No comparable figures are available prior to J a n u a r y 1934. Complete data for 1934 are shown on p . 48 of t h e July 1935 issue. < D a t a for November 1934 and January, M a y and August 1935 are for 5 weeks; other months, 4 weeks. J || Series have been revised for period Jan. 1934-Sept. 1934. These revisions will be shown in a future issue. Oct. 1035 data computed on basis of percentage change indicated b y the revised figures for September and October. 49 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 together with explanatory footnotes and references to the sources of the data, may be found Novem- De c !n the 1332 Annual Supplement to the Survey October October b e<f" ber 1935 January February August September 23, 233 8,324 25, 653 8,022 28,913 6,302 116,592 53,683 37.43 109,805 129,264 127,556 62,093 37.65 130,515 137,051 139,608 73, 227 36.74 137,442 144, 476 120,979 61,029 36.80 125,132 120,818 May June July 21,169 6,367 26,739 8,330 72,842 106,173 102, 395 110, 449 117, 256 166.280 62,968 70,774 49,164 48,530 55, 707 55,898 34.51 34.94 35.38 34. 55 35.00 34.49 79,258 99,548 101,578 103, 471 106,911 106,838 100, 752 110, 283 112,480 143,349 74, 603 102, 401 March April LUMBER AND MANUFACTURES—Continued LUMBER—Continued Softwoods—Continued j Pine, southern: Exports: Lnmber§ __.M ft. b. m__ Timbers M ft. b. m_. Orders: New M ft. b. m._ Unfilled, end of month M ft. b. m . . Price, flooring dol. per M ft. b. m . . Production M ft. b. m__ Shipments M ft. b, m__ Redwood, California:} Orders: New M ft. b. m_. Unfilled M ft. b. m__ Production M ft. b. m__ Shipments „ M ft. b. m_. FURNITURE Household: All districts: Plant operations* percent of normal.. Grand Rapids district: Orders: Canceled percent of new orders.. New no. of days' production.. Unfilled, end of month no. of days' production.. Outstanding accounts, end of month no. of days' sales-. Plant operations! percent of normal.. Shipments no. of days' production.. Southeastern district: Orders, unfilled, end of month dol., average per firm.. Shipments ...doL, average per firm.. Prices, wholesale: Beds „ 1926-100.. Dining-room chairs, set of 6.-.1926=100..' Kitchen cabinets, 1926= 100.. J Living-room davenports 1926=100..! Steel furniture. (See Iron and Steel Section ) j 22,884 9,474 23, 386 6,471 143,695 113,800 69,962 62,827 34.99 36.61 148, 566 102,324 114,402 145,970 101,585 59,678 35.03 96,490 108,715 24,350 3,516 24,851 7,450 23,576 9,234 21,576 8,652 21,311 4,937 19, 715 8,243 29,593 26,290 38,073 27,952 22,811 16,873 28,215 25, 204 20,424 16,868 26,345 19,755 15,932 14,604 21,242 17,934 27,009 24. 621 19,868 16, 549 24,380 29. 767 22,915 18,311 26, 578 27,717 22,697 28,328 35, 521 33,414 25,342 29, 269 38,045 41,035 26, 326 30, 353 23,704 40,142 25, 675 24, 548 24, 623 33, 721 27,939 30,925 24,054 25, 622 34, 262 31,259 25,411 24, 819 33, 754 25, 628 62.0 41.0 42.0 39.0 39.0 43.0 47.0 41.0 41.0 48.0 49.0 53.0 61.0 6.0 14 6.5 10 6.0 10 13.5 5 3.0 16 4.5 9 6.0 9 8.0 7 7.5 6 3.5 18 5.0 13 13 13 4.0 15 19 18 25.0 10 16 34.0 15 32.0 7 16 31.0 7 17 j 17 34.0 i 39.0 17 36.0 8 14 34.0 7 14 40.0 8 16 44.0 13 19 48.0 11 21 55.0 12 24, 284 64,616 19,071 46, 721 22,070 31,311 71.5 90.1 87.5 79.4 68.4 90.1 87.5 76.6 68.5 90.1 87.5 76.6 68.5 89.9 86.0 76.6 68.5 89.9 86.0 76.6 68. 5 89.9 86.0 76.6 68.5 89.9 86.0 76.6 66. 9 89.9 86.0 76.6 65.7 89.9 86.0 76.6 66.3 89.9 86.0 76.6 205,336 286, 599 289,647 296,802 28, 786 47, 719 33, 208 31,894 247, 312 31,312 244,419 53,158 16 24 56.0 14 66. 3 89. 9 86.0 70. 6 70.9 i 68.4 90.1 84.1 76.6 81.9 76.6 METALS AND MANUFACTURES IRON AND STEEL Foreign trade, iron and steel: Exports! long tons.. 238, 358 «220,207 «299, 262 »282,653 262, 740 228, 537 323.035 21,409 Imports*# long tons.. 59, 569 « 20,250 « 35, 270 19,708 22, 784 28,905 Price, iron and steel, composite* 32.84 32.10 del. per long ton.. 32.54 32.36 32.15 32.58 32.39 Ore Iron ore: Consumption by furnaces 2,917 thous. of long tons._ 1,306 1,298 2,280 2,467 2,583 1,506 114 Imports* thous. of long tons— 99 79 86 95 95 73 Receipts: Lake Erie ports and furnaces 3,162 thous. of long tons.. 1,761 0 421 0 0 0 1,453 Other ports ..thous. of long tons.. 960 0 0 0 257 0 Shipments from upper Lake ports thous. of long tons— 4,601 2,641 484 0 0 0 0 Stocks, total, end of month 26,932 thous. of long tons.. 35,115 « 36,308 35.874 34,373 32, 027 29,558 24, 690 22,362 At furnacesthous. of long tons— 29,756 • 31,023 30,625 29,218 27,004 5,359 5,285 5,023 4,569 5,249 4,868 5,155 Lake Erie docks thous. of long tons.. Manganese ore, imports (manganese content)* 19 11 13 14 13 13 7 thous. of long tons.. 32. 29 32. 35 32.42 32.44 32.68 32.82 2,360 113 2,467 108 2,199 158 2,198 154 2,616 109 2,654 165 119 180 2,208 1,020 3,002 1,084 3,295 1,240 3,482 1,261 3,250 1,349 400 3,504 4,242 4,461 4,781 4,818 24,817 20, 644 4,173 25,325 21.203 4,122 27,002 22,841 4,161 29,509 25, 227 4,282 31,491 26,936 4,555 33,469 28, 512 4, 957 10 12 11 16 14 Iron, Crude and Semimanufactured Castings, malleable:* 31,136 Orders, new short tons.. 45, 246 18, 785 28,530 36,505 44, 568 41, 225 40, 237 37,394 25,668 25,526 35,602 35, 658 34, 729 27, 548 28,915 35, 245 Production short tons.. 43, 467 25,317 43, 400 41, 377 42,808 42,035 36,996 28,515 32,746 51.0 51.1 41.1 34.3 42.5 Percent of capacity.. 30.3 50.8 33.5 44.7 33.5 49.9 52.0 38.7 37, 573 31,905 31,111 27, 772 33, 442 Shipments short tons_. 40,132 21,683 21,615 29,593 41,182 37,650 42,975 46,090 Pig iron: Furnaces in blast, end of month: 53, 555 54,465 49,180 50,635 Capacity long tons per day.. 67,655 31,310 29,395 37,615 54,605 56,815 59,250 56,695 57,295 97 97 95 Number.. 91 116 99 104 65 59 90 96 98 69 Prices, wholesale: 18.00 Basic (valley furnace) dol. per long ton.. 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 Composite pig iron dol. per long ton._ 18.94 18.94 18.96 18.94 18.96 18.94 18.94 18.94 18.96 18.94 18.94 18.96 18.99 Foundry, no. 2, northern (Pitts ) 20.39 dol per long ton.. 20.39 20.39 20.39 20.39 20.39 20.39 20.39 20.39 20.39 20.39 20.39 20.39 Production thous. of long tons.. 1,663 1,520 1,978 1,609 1,770 1,727 951 957 1,477 1,553 1,028 1,761 1,776 "Revised. •New series. Data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for malleable castings, p. 20 of the April 1933 issue. New series on iron and steel composite price was shown on p. 19 of the January 1935 issue. §Data revised for 1932. For revisions of exports of southern pine lumber and timber, and iron and steel, see p. 45 of the June 1933 issue. Data revised for 1933; see p. 20 of the September 1934 issue. For 1934 revisions see p. 19 of this issue. t Revised. Data prior to April 1933 not published t Beginning with January 1934 the report includes all known operators; prior to this time approximately 89 percent of the listed capacity was included. •Imports from Cuba not inclu<iel #See footnote on p. 37 of this issue. Data revised for 1933; seep. 20 of the October 1934 issue. See also p. 20 of this issue for 1934 revisions. 50 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1981, 1935 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 ary December 1935 1935 March April May June July August j ^ e f j ^ m " METALS AND MANUFACTURES—Continued IRON AND STEEL—Continued Iron, Manufactured Products Cast-iron boilers and radiators: Boilers, range:! Orders: New -number of boilers.. 83,929 (Tnflllpid, end of month, total number of boilers.. 25,644 Delivery, 30 days or less number of boilers.. 25,350 Delivery, more than 30 days number of boilers._ 294 Production number of boilers.. 84,328 Shipments. number of boilers.. 80,591 Stocks, end of month-number of boilers.. 41,490 Boilers, round: Production thous. of lb_. 6,467 Shipments thous. of lb._ 9,485 Stocks, end of month.. thous. of lb__ 35,389 Boilers, square: Production thous. of lb__ 27,425 Shipments.. .thous. of lb_. 41,380 Stocks, end of month thous. of lb_. 115,096 Boiler fittings, cast iron: Production short tons.. 7,451 Shipments. short tons.. 8,454 Boiler fittings, malleable: Production short tons.. 4,162 Shipments short tons.. 4,670 Radiators: Production thous. of sq. ft. heating surface. _ 7,430 Shipments thous. of sq. ft. heating surface.. 10,055 Stocks, end of month thous. of sq. ft. heating surface.. 31,493 Radiators, convection type:* New orders: Heating elements only, without cabinets or grilles thou. ofsq. ft. heating surfaced—114 Heating elements, including cabinets and grilles thou. ofsq. ft. heating surfacej... 231 64,845 64,211 57,566 44,906 68,106 53,897 46,320 55,093 80,689 106,605 69,459 51,548 10,195 9,740 16,329 19,357 15,892 12, 723 12,052 32,319 55, 291 35,842 23,512 22,306 9,492 9,355 16,329 19,357 15,892 12,723 12,052 32,319 54,691 35,142 22,868 21,662 703 63,434 66, 740 28,919 385 59,673 59,439 29,153 0 40,337 37.471 35,446 0 63,879 64,904 30,443 0 57,294 57,362 30, 375 0 51,891 49,489 32, 777 0 51,052 55,764 28,065 0 61,815 60,422 29,458 600 88,486 85, 413 32, 201 700 92,883 88,908 36,176 644 69,922 63,878 42, 220 644 61,808 66,051 37,753 5,762 10,652 37,136 4,391 5,330 36,218 2.946 3,626 32,366 3,233 2.666 32,826 3,850 2,494 34,221 4,348 2,102 36,500 4,311 2,115 38,090 4,604 2,493 40,149 4,487 2,710 41,917 2,898 3,647 41,138 4,312 4,368 41,139 4,121 6,879 38,361 18,833 34,185 96,329 19,783 19,353 96,933 13,099 13,436 96,554 16,457 10,604 101,340 15,917 9, 275 108,115 16,858 6,964 117,911 16,436 12,711 I 21,462 10, 700 16,332 I 21,689 141,520 137,923 137,815 20,906 31,761 6,045 5,943 5,995 5,027 4,298 3,060 4,690 4,750 4,190 3,865 3,661 3,420 3,790 3,955 3,870 4,271 3,610 4,321 4,201 4,696 5,542 6,210 5,860 6,330 2,838 2,890 2,984 3,090 2,992 1,914 3,153 3,205 3,181 2,704 3,114 2,582 2,729 3,274 3,228 3,014 3,107 2,873 3,073 3,036 3,620 3,481 5,627 8,392 4,680 5,208 3,632 4,679 4,343 4,648 4,602 5,304 4,742 3,422 6,096 5,937 4,482 3,117 3,462 4,675 6,470 T.701 27,845 30, 568 32,891 35,388 36, 753 35,610 35,384 33,863 19,062 16,409 7, 730 9,241 126,053 136,149 9,282 6,456 26,517 25,473 24, 786 26,178 94 124 115 81 43 48 46 49 56 82 74 196 131 182 93 60 87 106 153 148 167 243 187 78,640 75,147 374, 749 120,821 119.171 367,593 208, 732 245,519 383,449 174,640 228, 210 321,312 370, 588 370,180 386,716 269, 8G3 243,262 402, 707 341,770 312,007 400,018 200.86 199. 68 2,787 2,023 2,366 2,835 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.t Orders: New, net number of pieces.. Unfilled, end of month number of pieces.. Shipments.... number of pieces._ Stocks, end of month number of pieces.. 362, 580 143,483 202,354 267, 293 326,585 133,574 195, 289 271,912 407,886 371, 499 370,036 358,472 207. 79 937, 394 257, 005 258, 369 949,349 218, 000 298, 499 207.03 713,141 248, 598 178,245 764,436 269,665 205, 059 206.89 563,137 180, 523 133,90!) 68'-J. 567 199,652 131,993 206.50 525, 540 193,535 111, 188 530,050 204, 527 106, 772 75, 310 121,190 64,305 111,005 363, 755 369, 605 206. 07 689,715 318,343 149,384 594,427 219.672 152,409 202.61 692,358 235,427 153,431 637,165 190,316 142, 380 829,084 223,860 181,437 864,145 278,110 167, 296 3,095 2,427 2,582 1, 269 1, 620 1,013 2,641 | 3,583 2,713 6,685 3,298 2,771 7,873 3,667 2,110 7,610 3,020 1,300 9,703 2,978 1, 509 9,660 2,720 1, 236 9,960 3,535 1,790 9,917 132, 378 258,057 199.50 198. 32 201.83 207. 62 900.388 255,477 212,598 900,828 265,137 213, 646 279,016 208, 213 865, 904 283, 524 189, 044 760, 743 274, 078 164, b OS 773,531 264,81)6 174. 671 753,635 300,160 146,128 770, 024 307,018 153,937 890, 631 312,172 193, 944 801, 207 292, 709 169,204 822,997 213, 599 245,107 830, 241 243,535 222, 447 2,904 2,322 2,101 2,391 3,193 2,864 4, 506 2,309 10, 688 4,122 2,417 10,600 3,702 2,771 9,405 3,645 2,915 8,579 3,339 3,026 6,635 127, 764 161,199 217,842 191, oeo 218,834 187,981 333, 240 381, 675 319,589 250, 648 179,928 293,904 216,745 403,381 236,890 295,880 363, 914 175,140 241,678 359.308 25,295 29,863 34,439 4,553 1,722 10, 710 183, 982 234, 350 183, 281 301, 925 243, 296 164,042 117,289 165, 687 183,152 190, 229 206, 961 165,517 424, 242 519,867 482,685 283, 202 262, 363 369, 128 374,217 134,300 204,120 195, 160 238,207 489, 729 426, 570 380,756 316,705 308,912 229,347 297,971 207. 67 Steel, Crude a n d Semimanufactured Bars, steel, cold finished, shipments short Castings, steel:* A Orders, new, total short Percent of capacity „ Railway specialties . short Production, total. .short Percent of capacity Railway specialties short Ingots, steel :§ Production thous. of long Percent of capacity ! tons.. 47, 301 tons.. 34,553 29.0 8,201 42, 597 35.7 12,347 18,500 17,923 24,049 31,903 34,080 31,972 29, 640 25, GOO 30, 257 34,570 45, 426 32,349 ! 31, 725 30, 723 28,233 29,083 29,995 25.4 23.7 29.0 24.4 27.1 25.8 38.1 25.2 26.6 6. 480 4,322 9,574 4,779 tons.. 6,835 7, 959 17,111 5,616 5, 490 27, 665 31,125 31,952 30,646 tons.. 29,035 34, 972 35,411 29, 687 31,940 23.2 26.8 26.1 24.3 26. S 25.7 29. 3 29.7 24.9 6,731 5,443 5,857 tons.. 6,052 7, 585 4,867 8,598 10,568 6,181 2,231 tons. 1,482 2,270 2,636 2,872 2,778 2,868 2, 641 2,919 I 2,830 1,964 3,116 1,611 46 40 39 52 50 25 49 ! 52 3 61 44 28 * New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior to January 1932 not published. Steel castings, see p. 20 of the October 1934 issue. X In equivalent direct radiation. # t Revised series. P'or earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue. Data on vitreous china plumbing fixtures revised starting January 1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue A Steel casting series revised January 1935 by the increase of the number of companies from 164 to 180; comparable data not completed for 1934 and earlier years. Figures for 164 companies in January 1935 were new orders, total 31,816, percent of capacity 20.3; new orders, railway specialties, 6,835: production, total, 28,519; percent of capacity 18.2; production, railway specialties 6,052. § For 1932 revisions see p. 46 of the July 1933 issue; for 1933, p. 47 of the August 1934 issue; for 1934, p. 50 of the August 1935 issue. 24, 327 15.5 5, 538 29,142 18.6 9,309 21, 552 13.8 4,283 25,799 16.5 7,218 27, 312 17.4 8,128 23, 916 15.3 5,142 SUKVEY OF CUREENT BUSINESS December 1935 Monthly statistics through December 1931, together with explanatory footnotes a n d references to the sources of the data, may be found i in t h e 1932 Annual Supplement to t h e Survey j October October 51 1935 No v e m b e r " De January Februb^ ary m March April May June July August METALS AND MANUFACTURES—Continued IRON AND STEEL—Continued Stee Crude and Semimanufactured— Continued Prices, wholesale: Composite,finishedsteel dol. per lb_. Steel billets, Bessemer, Pittsburgh dol. per long ton_. Structural-steel beams, Pittsburgh dol. per lb._ Steel scrap, Chicago-._dol. per gross ton_. U. S. Steel Corporation: Earnings, net __thous. of doL. Shipments,finishedproducts*. Jong tons.. Steel, Manufactured Products Barrels, steel: Orders, unfilled, end of m o n t h . . . n u m b e r . . Production number.. Percent of capacity . Shipments number.. Stocks, end of m o n t h number. Boilers, steel, new orders: Area . . . t h o u s . of sq. f t . . Quantity n u m b e r of boilers.. F u r n i t u r e , steel: Business group: Orders: New thous. of d o L . Unfilled, end of m o n t h . . t h o u s . of d o l . . Shipments thous. of d o L . Shelving: A Orders: New thous, of d o L . Unfilled, end of m o n t h . _ t h o u s . of d o L . Shipments thous. of dol_. Safes: Orders: New thous. of doLUnfilled, end of m o n t h . . t h o u s . of d o L . Shipments thous. of d o L . Lock washers, shipmentsthous. of d o L . Plate, fabricated steel, new orders, total short t o n s . . Oil storage t a n k s short t o n s . . Sheets, black, blue, galvanized, and full finished: Orders: New . - short tons. _ Unfilled, end of month short tons. Production, total short tons._ Percent of capacity Shipments short t o n s . . Stocks, end of m o n t h , total short tons. . U nsold stocks.. _ short t o n s . . Tin and terneplate:* Production thous. of long tons. Track work production short tons__ 0.0243 0. 0244 0.0244 0.0244 0. 0244 0.0244 0.0244 0.0244 0. 0244 0. 0244 0. 0244 0. 0243 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.0 0 .0180 12.50 .0180 8.75 .0180 9.25 .0180 10.31 .0180 11.80 .0180 11.25 .0180 10.50 .0180 9.85 .0180 10.06 .0180 9.97 .0180 10.35 .0180 12. 38 .0180 12. 50 686,741 343,962 366,119 3, 762 418,630 534,055 583,137 12,428 668,056 591,728 598,915 578,108 14,118 547, 794 624,497 13,470 614,933 447,542 883,831 59.3 884,68S 460,880 524, 232 36.7 516, 684 32,123 330, 593 421,003 29.6 419,500 33,626 452,930 1,171,996 1,158,398 1,081,327 373,850 390,459 355, 220 462, 771 26.2 26.4 30.0 34.1 374,924 391, 232 353,418 464,978 27,328 28, 357 26, 555 26,150 944,168 538,255 39.6 534,479 29, 926 971.344 471, 592 34.7 474,139 27. 379 976,634 460, 737 34.0 457,370 30, 746 853,986 932,843 930,831 509,121 529, 414 532,433 38.9 38.8 37.4 505,942 528, 338 530,433 » 34,925 * 36,001 « 38,001 784 787 416 287 447 260 331 392 329 282 296 656 418 313 443 641 961 391 523 519 536 544 735 575 829 1,618 1,036 1, 562 993 664 1,026 651 1,039 1,063 619 1,090 1,184 663 1,139 1,108 707 1,064 1,222 709 1,221 1,114 701 1,123 1,237 746 1,214 1,236 845 1,137 1,331 943 1,225 1,333 948 lr 327 1,393 980 1.361 348 212 346 258 154 224 258 196 217 219 164 273 192 245 267 208 251 307 175 340 271 155 291 257 130 269 313 152 291 272 167 257 309 216 260 336 210 342 200 277 205 246 147 181 142 130 161 216 126 129 190 230 172 171 160 245 145 277 142 211 176 241 163 228 147 255 168 238 158 47 207 257 185 238 170 277 150 204 145 287 134 203 145 208 164 147 172 281 159 235 30,530 5,85C 16, 581 927 16,829 3,252 26,025 5,185 18, 778 1,389 15,064 2,531 16, 832 2,377 13,244 2,152 17, 630 3, 690 17,914 1,872 18, 890 4,193 23, 628 3, 505 31,105 3, 531 226,209 211,452 222,963 73. 5 220,536 146,306 83,200 102. 920 77. 423 104. 898 32.3 95,107 102,264 63, 667 133, 344 100, 745 143, 057 44.0 108, ^80 107, 550 65,400 193,130 158, 456 159, 740 49.2 141, 566 104, 720 64, 393 321, 831 279,012 235, 714 74.0 205. 915 105,182 60,177 183. 322 248, 931 219, 062 71.5 201, 054 108, 788 62,024 193, 057 214,685 227. 082 74. 1 233, 446 108, 260 59, 757 168,093 177,950 209,219 68.2 202, 365 116,316 68,153 149, 725 144, 392 191, 507 63.8 186,971 124,442 71,345 128. UK 112,944 143.309 47.7 160,812 126,531 74, 099 206,313 170,299 115, 505 48. ! 152, 146 125, 378 72, 632 207,140 204,108 200,613 68. 3 180, 893 138,432 75, 391 196,423 198,424 190,701 63.0 176,897 142,922 75, 581 3,495 2,153 83 2,065 90 2,272 130 2,333 150 2,892 190 3,440 200 4,472 190 4, 228 110 4,210 4, 054 4,028 2, 962 1,501 89 590 822 1, 592 152 575 865 1,328 127 459 742 ,106 93 485 527 989 209 433 347 1,111 164 577 369 1,361 229 674 457 1,405 252 704 449 1,520 215 810 495 1, 493 173 886 435 1,416 154 690 571 1,358 60 548 713 138 651 143 139 670 158 129 592 207 393 905 200 808 297 79 264 813 140 626 1,318 221 682 1,782 217 154 1,604 332 440 1,801 233 245 1,475 471 55.3 49.1 51.5 80.4 69.7 59.6 66.9 54.4 81.1 86.6 69.2 76.2 75.7 57.7 85.1 69.3 43.2 82.6 113,2 86.1 69.7 100.7 117.7 67.0 100.2 135. 6 82.2 94.0 126.5 102.3 113.0 142.3 97.2 128. 5 144.5 124.7 19, 274 1,776 19, 973 11,461 9,355 1,386 9, 745 11, 348 5,338 735 5, 952 12, 469 4, 667 871 4,531 12, 986 4,680 857 4,694 13,490 5,761 801 5,817 14,170 8,781 702 8,880 14. 622 10, 662 1,380 9,984 14, 025 10,125 1, 535 10, 554 14.186 12,713 2,906 11,342 17, 259 16,955 2,273 17, 588 18, 677 33,385 4,347 31,311 11,631 0.024 MACHINERY A N D APPARATUS Air-conditioning e q u i p m e n t : ! Orders, new, total thous. of dol__ 1,713 Air-washer group thous. of doL_ 96 Fan group tbous. of doL _ 596 Unit-heater group - ._-thous. of doL1,021 Electric overhead cranes: Orders: New thous. of d o l . . 194 Unfilled, end of m o n t h thous. of d o L . 1,475 Shipments thous. of d o L 503 Electrical e q u i p m e n t . (See Nonferrous metals.) Exports, machinery. (See Foreign Trade.) Foundry equipment: Orders: New 1922-24 = 100. _ 140. 0 Unfilled, end of m o n t h 1922-24-100. _ 164. 7 Shipments 1922-24 = 100. _ 119.7 Fuel equipment: Oi! burners:*! Orders: New no. of burners. _ 31,966 Unfilled, end of m o n t h . n o . of burners. _ 2,961 Shipments no. of burners... 33,352 Stocks, end of month no. of b u r n e r s . . 12,047 Pulverized fuel e q u i p m e n t : Orders, new, storage system: Furnaces and kilns.no. of pulverizers. _ 0 Water-tube boilers.no. of pulverizers.. 0 Orders, new, unit system: Fire-tube boilers no. of pulverizers. _ j 1 Furnaces and kilns no. of pulverizers. _ j 9 Water-tube boilers.no. of pulverizers. _i 24 i 0 0 i 11 0j 8I io ! « Revised. • New series. For earlier data see p . 18 of the J a n u a r y 1934 issue, United States Steel Corporation shipments, and p . 20 of the December 1932 issue for tin a n d terneplate. Current oil-burner series available only back to J a n u a r y 1933 are based on reports from 1G0 concerns. tRevised series. D a t a on air-conditioning machinery, oil burners revised starting J a n u a r y 1933 see footnote on p. 48, April 1935. T h e revisions for 1933 will be shown in a subsequent issue. A Revised data on steel furniture shelving for years 1932, 1933, and 1934 will be shown in a subsequent issue 52 SURVEY OF CURRENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ary ber ber December 1935 1935 March April May June July August September METALS AND MANUFACTURES—Continued MACHINERY AND APPARATUS—Con, Fuel equipment—Continued. Stokers, mechanical, new orders: 5 Class 1, residential.. ...number.. Class 2, apartment and small commercial number-. Class 3, genera] commercial and small commercial heaters _____ .number.. Class 4, large commercial: Number . Horsepower ._. Machine tools:A Orders: New* avg. mo. shipments 1926=100-. Pumps: Domestic, water, shipments: 1 Pitcher, hand, and windmill units.. Power, horizontal type units.. Measuring and dispensing, shipments: Gasoline: Hand operated units.. Power units.. Oil, grease, and other: Hand operated ..units.. Power units. . Steam, power, and centrifugal: Orders: New thous. of doL. Water-softening apparatus, shipments! _..__—units.. Water systems, shipments t S units.. Woodworking machinery: Orders: Canceled „.___.thous. of doL. New ._ thous. of doL. Unfilled, end of month....thous. of doL. Shipments: Quantity—. .machines _. Value — thous. of doL. 8,777 5,077 2,761 2,125 1,241 1,113 956 1,046 1,706 2,432 2,872 4,931 8,687 683 458 265 210 147 107 84 83 107 158 190 348 615 268 177 142 90 61 48 37 33 41 55 96 164 272 310 51,031 292 46, 623 205 39, 767 167 28,199 139 24, 339 105 21,164 105 23,848 120 32,241 131 32, 548 181 34, 821 199 43,594 269 47,355 345 55, 260 102.9 43.9 52.4 66.1 65.5 53.0 62,3 65,6 73.3 91.1 119.8 125.8 80.0 21,775 915 25,127 732 21, 702 545 31,151 541 36,482 615 36,433 690 30, 601 788 35,432 726 36,964 879 29,859 908 33, 734 1,004 33,863 30,014 782 564 5,491 611 2,240 563 2,306 419 1,794 366 2,501 445 3,002 671 3,651 644 4,874 728 5,120 672 4,451 639 5,757 776 7,551 662 5,121 7,903 1,178 5,942 766 5,591 422 4,490 339 6,069 485 5,133 442 4,503 607 6,753 901 8,257 719 7,433 651 7,048 668 8,005 1,030 7,631 956 658 663 615 630 698 777 897 798 676 538 747 741 615 812 8,946 440 5,574 321 5,570 350 4,632 420 6,363 395 6,679 509 7,531 552 10,799 592 11,685 535 10,989 493 10,827 577 11,060 •583 8,560 2 404 441 4 222 228 4 243 249 4 244 247 1 312 313 10 302 340 4 434 441 13 311 426 12 286 451 5 284 463 5 400 515 1 304 456 11 281 422 249 373 152 227 114 214 114 236 131 241 167 267 151 304 168 318 157 249 185 268 177 322 240 384 170 302 16, 749 .0923 14,130 .1049 12, 587 .1097 19,211 .1251 7,191 « . 1251 10, 716 .1213 18,010 .1227 17,663 .1238 16, 670 .1146 18, 272 .1138 19,047 . 1164 17,960 .1219 1,808 444 1,364 1,726 398 1,327 2,164 541 1,622 2,401 408 1,993 2,139 461 1,678 2,281 535 1,746 2,296 520 1,776 2, 245 439 1,806 2,167 601 1,565 2,199 549 1, 650 2,108 422 1,686 2,298 384 1,913 <*29,861 22,817 "20,581 .0878 28, 675 «18,485 17, 286 .0878 23,648 15,152 13,922 .0878 22,739 15,110 13,834 .0878 24,869 22,913 22,129 .0878 20, 884 19, 546 .0878 27,446 16,734 15,626 .0878 16, 805 16, 837 16, 070 .0878 27, 252 16,492 15,754 .0863 27,079 26,197 24,967 .0778 30,900 10, 568 9,562 .0798 20,050 22, 239 21, 087 .0850 25, 218 1,183 23,211 1,792 25,563 4,767 27, 644 4,536 25, 510 1,981 25,892 4,229 27, 283 3,452 24, 302 1,157 22,952 889 25,863 3,437 29,890 6,292 28,599 2,628 1,143 1,440 NONFERROUS METALS A\TD PRODUCTS Metals Aluminum: Imports, bauxite# ....long tons_. 16, 246 Price, scrap, cast (N. Y.) dol. per lb.. .1251 Babbitt metal: Production thous. of lb_. 2,353 For own use thous of lb_. 650 Sales thous. of lb._ 1, 702 Copper: Exports, refined • short tons.. 20,275 Imports, total§ # „ short tons... 24, 327 Ore and blister _. short tons.. 23, 095 .0897 Price, electrolytic (N. Y.) dol. per lb_. Lead: Ore: Receipts in U. S. ore..-_....-.short tons.. 27,847 Shipments, Joplin district...short tons ... 3,006 Refined: Imports # short tons-. 1,774 Price, pig, desilverized (N. Y.) .0451 dol. per lb-. Production short tons.. 37,844 Shipments, reported.. short tons.. 42,271 Stocks, end of month ..short tons.. 225, 309 Tin: Consumption in manufacture of tin and terneplate* long tons_1,890 Deliveries long tons . 5,355 Import?, bars, blocks, etc.# long tons.. 4,095 .5121 Price. straits (N. Y.) dol. per lb_. Stocks, end of month: WorM, visible supply long tons,. 13,425 United States __ long tons.. 1,389 Zinc: Ore, Joplin district: Shipments short tons. - 34,736 Stocks, end of month short tons_. 23,093 Price, slab, prime, western (St. Louis) dol. per Re.0483 production, total (primary)§_.short tons. 36, 701 Retort* in operation, end of nio_.number-- 34,777 Shipments, total§ short tons.- 47,063 47,063 DomesticJ short tons. 95,954 Stocks, refinery, tnd of month §.short tons 2,726 797 851 3,002 1,464 443 477 1,430 771 2,181 .0365 31 243 35,943 229,859 .0357 29, 755 31,762 232,934 .0360 32,500 34,680 235,457 .0369 26,350 33,695 229,675 .0353 25, 103 32, 523 224,638 .0358 30,118 28.973 228,580 .0369 29,857 40,922 220,043 .0396 33,202 32,341 225,057 .0402 29,332 26,978 231,077 .0412 30, 488 34,575 230,915 1,440 2,925 3,148 .5093 1,290 4,845 3,859 .5122 1,400 4,530 1,478 .5087 2,100 4,600 4,023 .5087 2, 450 3,905 5, 196 .4996 3,100 5,495 8, 612 .4691 3,260 5,825 5,234 .5010 3,100 3,950 5,224 .5110 2,280 4,615 5,320 .5107 2,610 5,290 4,179 .5229 2,850 5,320 4,615 .5044 1,790 5,360 6,773 .4907 16, 475 4,998 15,094 4,048 13, 698 2,638 14, 694 2,581 19, 652 3,571 19,416 4,531 16,614 4,295 16, 718 4,930 14,275 5,467 13,162 3, 227 13,246 2, 681 11,939 2,849 21, 203 17,337 23,063 20,574 36,827 17,600 26, 257 15,263 32, 264 17,649 36, 026 21,983 28,751 26,552 15, 204 25,938 23,013 23,725 28, 296 23. 529 38,584 25, 865 36,436 25,409 . 0383 34,527 31,964 30, 294 30, 294 110,803 .0373 34,977 32, 793 29,928 29. 875 115,852 .0371 35.981 32,944 32, 003 32, 003 119,830 .0373 35. 218 32,658 35,538 35. 538 117,685 .0371 33. 494 33, 210 34, 903 34,870 116, 276 .0403 .0389 35,334 36,6R7 35, 196 33.719 41,137 38,460 41,137 38,457 111,806 108,680 .0422 34, 597 32. 389 35,652 35. 629 107,625 .0430 34,677 33,836 29,393 29,393 112,909 .0433 35,055 33,884 32, 241 32, 241 115,723 .0454 35,922 32,942 39, 200 39, 200 112,445 .0467 36,088 34,870 42.217 42.217 106, 31H .0425 .0441 30,807 29,358 38,195 °37, 615 227, 583 -224,992 « Revised. *• Series covering shipments and unfilled orders temporarily discontinued. • New series; for earlier data, see p. 20 of the December 1932 issue, tin and terneplate; p. 20 of the July 1934 issue for machine tools (incl. forging equipment). t Prpsent series on water systems cover 52 companies • For revisions for 1932, see p. 48 of the June 1933 issue; for 1933, p. 20 of the Sept. 1934 issue; for 1934, p. 19 of this issue. § Data for 1932 revised; for 1932 revisions, see p. 48 of the June 1933 issue, total imports of copper. For 1933 revisions on zinc, see p. 49 of the January 1934 issue; for 1934 revisions see p. 49 of the February 1935 issue. #See footnote on p. 37 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions, see p. 20 of this issue. 1 Revised series on domestic pumps and water systems starting January iy34. see p. 49 of the April 1935 issue; mechanical stokers, see p. 48 of the April 1935 issue. New series on water-softening apparatus revised starting January 1933; revisions for 1933 will be shown in a subsequent issue. 53 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 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 ber ary 1935 March April May June July August September METALS AND MANUFACTURES—Continued NONFERROUS METALS AND PRODUCTS—Continued Electrical Equipment Conduit, nonmetallic, shipments.-thous.ft-. Furiiciceh elecirir. new orders kilowatts. 1, 903 Electrical gooris, new ordersf (quarterly) thous of d o L . Laminated phenolic products, shipments dollars 1,061 ,285 Mica, manufactured: Orders, unfilled, end of month thous. of dol— 179 201 Shipments thous. of dol— Motors (direct current): Billings (shipments)... dollars.Order«, new. dollars.. Panel boards and cabinets, shipments thous. of dol— 338 Porcelain, electrical, shipments: Special . dollars.. 101, 108 Standard dollars.. 41, 249 Power cables, shipments thous of ft__ 455 Power switching equipment, new orders Indoor. .___ dollnxs... 43, 435 Outdoor dollars 127, 347 002 Reflectors, industrial, sales units Refrigerators, household, sales* number.. Vacuum cleaners, shipments: Floor cleaners number.. Hand-type cleaners* ..number.. Vulcanized fiber: Consumption.. thous oflb._ Shipments . . . t h o u s . of dol.. Welding sets, new orders:* Multiple operator .units.Single oper«for .._units-.. 1,692 1,519 1,810 3,284 1,142 9*4 1,895 2,844 2,139 2, uy6 1,583 2,212 2,605 2, 218 2,252 1,586 121,814 118,397 1,841 783 1, 583 528,025 604,610 698,402 750,943 845,020 888,705 816,314 62 106 64 116 103 114 108 163 105 154 99 164 100 160 150 166 106 158 2fi2,947 306,879 271,758 322,851 276,173 468,192 285,191 398,301 335. 876 504, 332 360,513 428, 379 464,835 476,841 401,708 433,141 358,543 348,349 643, 770 1,609 141, 692 134,925 585,565 740,922 801, 292 832,902 77 117 124 161 119 172 432,406 I 366,222 403,480 j 357,945 374, 026 454, 450 374 279 I 64, 793 62,711 | 30,284 ! 28,902 | 355 ( 325 79, 377 34, 737 332 50,452 I 4.5,823 ! 30,180 98,066 139,512 i 130,028 65,068 62, 608 68, 635 161,525 | 154,121 110,161 46, 781 102, 719 71,093 53, 622 58, 701 22, 521 56,906 13,950 65, 128 16, 227 78, 343 27, 478 1,871 434 1,716 363 1,579 344 1,524 420 1, 423 120 497 0 413 7 324 3 387 5,698 4,620 4, Hi 4,507 257 233 227 218 239 262 259 258 56,099 27, 263 277 49, 073 27, 585 223 45,189 20, 723 380 47,771 34,649 320 48,031 34, 590 303 58,093 24, 353 302 58,575 24,561 448 68,473 27,898 374 62,882 33, 566 542 35, 322 96,646 5C. 021 29, 567 37,442 91,908 53, 255 28,718 27, 855 72,974 48,678 71,477 30, 214 78,993 61, 344 97, 421 29,080 72, 425 51,956 121, 636 46, 220 81,570 54,746 213,464 54,441 88,521 56,038 266,931 35,308 161,634 66,466 244, 602 67,414 20, 384 68,866 21,838 71, 307 23,920 60,180 18,744 75, 582 22, 872 90, 693 29,231 79,330 31, 219 73,086 27,321 1,306 315 1, 053 267 990 270 1,381 434 1,431 400 1, 835 430 1,819 425 2 371 5 273 3 36S 1 347 487 4,106 3,919 3,688 5,338 758, 548 .143 997,797 . 143 329 479 317 281 743 404 411 303 1 277 | 6,704 0 480 Miscellaneous Products Brass and bronze (ingots):* , Shipments and deliveries .....net tons.-j Brass, phi tubing" j Shipments* J n u m b e r of pieces..! Brass sheets, wholesale price, mill.dol. perlb— Copper, wire cloth: Orders' New thous. of sq. it... Unfilled, end of month.._thous. of sq. f t - . Production. thous of s q . f t . . Shipment?. -thous of s q . f t . . Stocks, end of month thous. of SQ. ft— 6, 291 I . 145 417 441 ! 386 483 442 440 741 337 428 333 326 7 4 L1 4,959 o,014 | 5, 297 933,266 1,045,820 1,061,366 ; 1,000,624 993,654 1,253,113 1,453,048 . 143 143 .143 143 .143 ."" 136 .138 369 462 374 404 417 377 Hi 467 383 367 742 5, 195 • ,199,338 . 142 441 509 358 375 787 «7 486 436 419 781 139 560 375 859 788 385,205 °364, 846 350,130 88,016 102, 730 93, 086 113,251 115,381 i 115,875 133,814 «122, 298 116,810 73,843 81, 5'5 76, 558 52, 299 « 45, 740 42, 967 29,317 26,909 27.588 379, 217 90, 925 127,001 125.226 76, 036 49, 190 29,563 362,558 86, 102 120,234 121,767 72, 675 49, 092 27,125 «7,841 6, 502 7,330 398 443 424 373 797 Si 376 375 ! 801 I PAPER AND PRINTING WOOD PULP 1 Consumption and shipments* _ & »!*tons h Mi t to is . Ground wood*.. sfi rt *O i I Sulphate* f VIS Sulphite total*...... l\> t ti V Bleached* _ ho^t *O 1 Unbleached* ' •»1 > r t 0 i Soda* __. Damaged, off-qualitj r n0, 0(>, i *~ 1"7 1S2 04 { { jj % r u <)7 4 r ) ' 0 MS 4) 0 7 1 S 21 , P T j, 7 °s ) >hort t > 711 04, V)) 102, 503 2f S 320, % l S15 • 1, 7*)' 112 f 74 f f 62, 17o ^0, iOS 2] W> ( ^2 -i> 0 * 382. 391 "378, 708 lri, 616 wl, t ,i 97, 743 « 99, 711 111,376 10), _7J 114, 308 111,592 120, i21 134, 329 132. 772 i2s,l«)l 80. 239 . r 9M) 7J, H7 82, 552 52, 533 51.777 ^2, 1 1 28,919 29, 476 2o' 730 - , 1 ili o 1 i° ' Pi ft. 535 5,714 6,093 7,172 ^ ) 1 S )\ 355,536 »• ( i U * t' " i 16( j 2 « 1 384.944 «387,719 387, 651 « 357,547 353,939 371, 259 * Production, all grades* ! ) } 10 1 f>i6 ){ 2 94, 603 82, 046 79,730 75, 477 10'. 32 i J ' 1 , "1 106, 126 "109,019 110,000 sM r t tons Ground wood* )) O"> 1( y 119,590 1 0 ' 1()S 1 jf) )2 ) 101, )S1 114.154 111.981 113,421 114, 527 116,216 128. 039 * n<5 Sulphate* _. I N --,> 1H "V* 125,671 S)s liO M5 128,330 131.794 129,934 «114, 223 120, 099 127, 707 tuns Sulphite, total* o-) no ( 7 P , > <•) 77, 875 78,109 76. 48C f ) 0) 77, 656 69, 912 80. 965 7 { ' L 1 76,922 Blenched* .___ """It (; f «i 1 — • f 42, 224 49, 185 49, 598 52, 278 « 44, 2S1 51. 408 50.829 8 I o) 4 -«J t >n^ Unbleached* 1 4 29.038 27, 787 27,541 Uh 2 s 23, 276 27, 000 29,734 .7^0 rt ons ' 2D.390 21. Soda* Damaged. off-qualil\ A n i u 1 c 7. 257 "7.791 6, 384 6 0 ' 5,887 6, 020 7,194 6.600 7/r> ho rt ton«, 109,761 67 r> 111 7r)0 I ' •} ' > o 12 ' 1 a122,914 «131,82f» 134,273 126, 974 124.743 116,784 Mn 361 SflO t tf )S Stocks* 72,012 73,529 45, 739 4 "10 67i559 50, 364 17 0 1 «55,534 «64,742 44* M0 >hort tor Ground wood *_-.._. t, *> T f « r s 5, 342 6, 380 5,736 ^S 5. 685 5, 855 5,001 5, 296 7 17) 6 MS y 16' Sulphate* 54,984 46, 278 52, 663 50 I M 55. 962 48,759 51,104 43,029 lot* t j ( i Q61 Sulphite, total* 21 hO f j s 36. 350 30, 4ti6 32, 539 36. 909 33, 050 26, 434 36. 183 40 ^1} 11, 020 4j *1 J M >r( t i t i> 37 013 Bleached* 1 18. 075 18, 054 15,812 16, 220 16, 313 16, 595 )) 19, 779 >2n 20 11« 22 23 20 "41 Fn bleached *._... tons F 5, 047 4, 797 4, 632 J6O 5, 547 4, 507 4, 598 5, 427 5, 4 JO M"*( t •r rt 5 7 JO "5 2 :> 8 Soda* r, 1 ' Damaged, off-qualit\ 576 -707 049 9JT 868 795 817 695 1, O H 4 6^0 1, °*i6 short ' s ' 1 Imports: M.~,S48 86.361 165. 397 155, 406 147,952 151,705 Chemical, totalt# . . . . short t o n s - 228,504 a165, 927 «146,049 139. 263 179,303 108, 563 119,690 16, 744 11,715 13,973 10,097 11^,18 18,368 16,977 17, 950 13,020 16, 880 18, 707 14, aou Groundwood#. short tons.,! 31,097 [ Price, wholesale, sulphite, unbleached 1. 90 1. 90 1.90 1.90 1.90 1. 90 2.10 2.00 2.10 2.10 2. 10 2.10 dol. per 100 1b—! 1.90 « Revised. + Revised series: for earlier data on new orders for electrical goods see p. 19 o^ the August 1933 issue; and p 49 of the June 1933 issue for 1932 chemical wood pulp imports. * New series. For earlier data on hand type vacuum cleaner? see p 20 of the August 1934 issue. For electric refrigerators, sea p. 20 of the July 1935 issue. Data prior to October 1931 not published on plumbing brass. Wood pulp fieures based on reports to the Pulp Executive Authority by 172 mills, representing 91 percent of the total U. S. pulp industry. Figures available beginning with January 1934. Data not exactly comparable with figures previously shown. See footnote on p. 56 of the April 1935 issue for the complete 1934 wood-pulp figures. i See footnote on p. 37 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of this issue. • Since January 1934 the figures <-ire 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. A These series have covered a varying number of companies for period covered in survey; percentage of industry coverage not known. Reports have been ?mm 12 companies since January 1934 t In September 1935 three firms discontinued reporting; data of 3 firms of equal size were added, thereby maintaining the comparability of the series. '»•"• , > () )T r •*> SURVEY OF CURRENT BUSINESS 54 1934 Monthly statistics through December 1931, j 193.1 together with explanatory footnotes and refer- ! I ences to the sources of the data, may be found o ( !O1 , !NO- tvem-1 DecemJanuary in the 1932 Annual Supplement to the Surrey ; ! ' ' * * October ber ber December 1935 1935 February March April \ May j June July | SeptemAugust I ber PAPER AND PRINTING—Continued PAPER: Total paper:*! Paper, including newsprint and paper board: short tons.V;Production a per, excluding newsprint and paper board: Orders, new short tons. Production! . short tons... Shipmentts| -.short tons. Book paper:* Coated paper: Orders, new . short tons.. Orders, unfilled— short tons... Production short tons. Pereent of potential capacity ..-. Shipments short tons.Stocks, end of month short tons.. Uncoated paper: Orders, new short tons.. Orders, unfilled ..short tons_Production ...short tons... Percent of potential capacity.. Shipments . . short tons.. Stocks, end of month short tons.. Newsprint: Canada: E xports short tons.. Production.short tons_. Shipments from mills ..short tons.. Stocks, at mills, end of month United States: short t o n s Consumption by publishers short tons. . Imports!.. ._.. short tons.. Price, rolls, contract, destination, N. Y. base dol. per short ton._ Production, total.. short tons.Shipments from mills short tons_SJocks, end of month: At mills short tons.. At publishers -. ?hort tons.. In transit to publishers ..-hurt tons.. Paperboard:§ Consumption, waste paperf.-short tons.. Orders: New short tons.. Unfilled, end of month....short tons.. Production _ _ short tons.. Percent of capacity Stocks of waste paper, end of month: At millsf short tons.. In transit and unshipped purchases Fine paper:' short tons.. Orders, new _ short tons.. Orders, unfilled short tons.. Production short tons.. Shipments short tons.. Stocks, end of month. short tons.. Wrapping paper: * Orders, new short tons.. Orders, unfilled short tons.. Production short tons.. Shipments _ short tons.. Stocks, end of month short tons.. PAPER PRODUCTS Abrasive paper and cloth, shipments: Domestic i earns. Foreign reams. Paperboard shipping boxes: Shipments, total mills, of so., ft. Corrugated*..... mills, of sq. ft. Solid fihor* fiber* mills, of sq. ft finlt'H nii'llo nf en ff 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. ! I 762.993 "706,851 ! "75*, 934 "732,493 !a778,059 13,999 «694, 705 80f>, 504 750, 359 401, 767 335,974 333, 152 435,892 374.295 392.978 378 215 426, 046 340, 925 349,842 430,907 418, 368 355, 582 338, 805 420, 639 384, 402 ! 405, 861 390,991 431,455 380, 324 361,701 440, 277 410, 067 341,866 325, 579 425, 781 384.870 j 400, 326 385, 934 417, 334 368,583 361,474 435, 108 ! 15,835 18, 464 18, 390 19,912 18, 400 I 16, 574 15, 031 19, 768 19, 204 20. 944 20. ::>3 20,311 9, 118 8,798 8,153 '..), 794 9,117 7, 924 3, 722 j 4,113 8,056 3.912 4, 815 9. K)'i 18, 264 19, 335 19, 363 21.197 19,513 | 17, 438 15, 530 19,616 19,162 21, 482 21. 758 20, 756 56. 9 58.8 55.8 59. 4 65, 0 52.8 ! 46. 1 58.2 61.4 53 1 49. 8 62.0 17,215 19, 441 19, 267 21, 728 18, 750 15,417 20, 151 19, 351 21, 614 21, 215 19,513 17.817 15,810 16,861 17,194 16, 061 15,125 13, 396 14, 721 14,406 15,605 13, 582 11,870 14,812 412,169 389, 501 388,905 '62,609 058,166 88, 329 32, 771 95,894 72.4 92,415 74, 820 77, 426 24, 264 87,394 59.7 85,221 55,297 240, 421 266,515 266, 679 204,904 235,021 228,921 73 579 • 67,825 72,711 23, 223 79,936 59 0 75, 627 58, 268 618,522 70, 095 26. 646 74. 427 56.7 74,725 57,715 86,899 31, 564 88,878 61.5 88, 400 59, 061 221, 553 245,136 184, 243 240, 869 239, 544 201,959 262, 206 254, 657 180, 026 46, 488 30, 366 51,932 77,571 28, 006 86,989 68.7 87,032 57, 874 87, S21 30, 426 96,411 69.9 94,917 58, 583 87,282 30.975 96, 852 ^69. 3 60^919 81,320 27,806 93, 358 69.9 87,815 63,320 146,697 206, 492 158.924 239, 881 ISO, 305 205, 682 222. 235 242, 693 160, 859 198,574 236, 905 251,979 71,364 179,821 222, 811 168, 372 172, 287 165,496 157, 870 169.816 201,146 194, 392 222, 897 100,973 138, 647 40.00 40.00 40, 00 40. 00 40.00 42.00 79, 746 80, 562 74,851 79, 777 a 80,298 <• 70, 579 81,817 81, 229 79,129 86,495 «75, 491 • 69,338 78,396 72 222 26,' 754 82,098 66.7 78, 740 66, 352 78,190 29,864 86,121 63.2 84, 996 70,154 227,215 219,461 232, 020 234,753 228, 196 226, 884 80,143 \ 30,480 I 88,201 i 68.2 I 85,8*0 | 71,800 j 18, 903 8,808 18, 640 64. 3 17, 654 Hi, 595 83, 400 35, 464 87,911 70. 1 88, 127 73, 098 220,866 i 208,912 235. 573 ! • 223, 963 225, 730 225, 403 55,211 65, 705 75, 305 73,818 166,122 201,970 188, 700 227,330 153,811 190,872 148,142 195, 057 160, 558 190, 272 63,553 14,379 22,679 222, 362 236,734 34, 754 33,717 12,312 • 17,113 • 18,135 « 17. 414 18,043 244, 388 277,125 261.282 240, 101 210,072 35, 391 46, 237 38,622 34.214 32. 725 161, 8S4 202, 878 40.00 40.00 40. 00 40.00 40. no 40.00 «74 651 •84,141 * 77, 010 a 72, 797 75, 160 « 71, 262 a • 76 872 • 83,825 • 76, 994 "71,213 '74,676 i 73, 067 I 16,490 • 15, 440 •15,873 « 16, 294 • 17, 887 «18, 235 203, t)72 203,353 211,071 223,364 232, 200 221,114 38, 703 29, 914 29, 220 26,100 33, 26S 37,342 288, 60S 230, 695 196, 461 168,375 217,300 351,887 107,074 345, 596 255,744 218,980 201,121 273, 151 252, 578 62, 352 65, 723 80.987 84,341 68,756 263, 679 227, 733 199, 940 262, 026 251, 870 54.2 68.7 63.9 57.8 62.9 79.5 210,812 211,560 171,139 181,597 40. 00 ° 73, 303 « 74, 491 231, 584 219,767 268,360 255, 730 259,995 80.367 79,049 79,296 275, 770 260, 851 262, 463 62.7 69.1 64. 8 217,934 240, 537. 244,963 248, 656 259,486 78,241 78,020 256, 665 260, 207 61.4 66.5 297. 349 86, 767 291, 127 68.7 307,103 105,088 289, 596 74.1 213, 523 231,094 226,941 207,987 214, 680 222, 519 230, 365 233,784 228,137 220,998 33,005 30,558 6,213 32,4G0 31,606 48, 548 27, 764 24,366 6,886 24, 737 24, 522 48,800 20,000 23, 799 7,460 25, 263 22.190 51,804 35,073 38,880 11,008 36, 514 38,359 51,726 39.726 31, 230 10,281 31,310 30,175 52,862 34,170 31, 620 10, 578 33, 257 32, 660 52, 702 30,233 27,175 10, 649 30,751 28,936 52,880 33, 481 37,596 10, 676 39,114 37,428 54, 610 32. 864 25,966 8, 276 31.196 29,182 56, 550 47, 039 24,606 9,421 26, 650 25,910 55, 716 32, 432 33, 646 8, 067 36.553 35, 501 56, 931 38, 420 28,497 9,129 28,494 28,599 57,183 152,894 56, 733 151,019 148,223 95,986 116, 423 51,005 126, 441 124,175 99, 616 119,125 60,937 120.246 111,816 104,971 163,198 70, 219 147, 398 150.147 103,089 128,971 65.517 135,078 J 34, 484 I 100,203 134,954 67. 271 139,857 137,969 101,503 118,858 60,867 132.986 127, 543 106,385 147,153 62, 098 148,984 148,493 105,337 118,943 55,634 132,181 129,561 107,000 122,953 57, 596 121, 304 121,871 104, 715 162, 916 60, 807 100, 510 159, 808 105,116 141,960 71, 256 133,273 131,628 107,149 73,057 9,082 52,392 5,998 46,635 8,121 41, 536 5,220 58,287 6,804 59.071 5, 934 61,294 8,538 61,116 7,364 62, 201 6,719 66, 455 8,743 1,943 1,696 247 1,634 1,442 193 1,492 1,323 1,809 1,616 193 1.641 1,466 175 69,173 6,851 1,823 1, (520 204 50,774 5,442 2,402 2,155 247 69.477 7,465 1,889 1, 671 218 1,950 1,743 207 1,841 1,635 206 2,025 1,780 244 2,123 1,877 247 2,153 1,908 245 100,160 868 681 187 82,103 771 653 118 78 83,118 727 612 115 80 76,239 1,080 847 233 81 83,930 518 456 62 77 70, 401 628 563 65 80 78,972 1,004 784 220 80 83,393 718 568 150 77 89,491 624 447 177 80 73, 780 674 495 179 78 82,686 500 403 93,807 714 55 9 88, 721 14,605 12,924 11, 564 11,399 11,233 11,590 11,130 11,818 11,689 10,737 12,456 11.361 11,337 12, 097 11,732 11,906 12,221 11,672 12, 728 12, 677 214,685 40, 780 14,961 14, 804 223, 692 210, 520 214,069 SO 611 176 83 12,300 12, 931 12, 393 12,906 • Revised, t Revised series. D a t a for period January 1933-January 1934 inclusive on consumption and stocks of waste paper at mills will be shown in a subsequent issue. Data •on total paper for 1934 revised. Revisions for months not shown in the August 1935 issue will appear in a subsequent issue. § T h e Bureau of the Census has changed the title of the " Boxboard" report to " Paperboard " since data actually cover all board of .0012 of an inch or more in thickness reported by the cooperating manufacturers. Figures given on production and new and unfilled orders are for 94 identical manufacturers; and consumption and stocks of waste paper for 82 manufacturers. Estimated coverage is given in general footnote below. * New series. New series on paperboard shipping boxes compiled by the National Container Association, Chicago, 111 , from reports rom all members of the industry of record beginning in January 1934. The volume of companies not reporting each month is estimated by the association, so as to keep the series comparable. The solid fiber figures are compiete as reported. Prior to January 1934 data covering this industry were compiled by the Paper Board Industries Association. See note below for total, book, fine, and wrapping paper. JThe figure- on paper (including total, fine, and wrapping) are as reported by the -American Paper and Pulp Association, except book paper, the data on which are reported by the Book Paper Division of the Paper and Pulp Industry; they am'not comparable with the data carried in the SURVEY from the American Paper and Pulp Association through December 1933. The present classification of the association differs from that previously used by them, as well as from the Bureau of the Census classification. In addition to the classes shown, the association also reports on printing paper (including uneoared book>. boards, paperboard, and newsprint. The first two of these classifications are not used in the SURVEY, while the Bureau of the Census report is used for paperboard and the Newsprint Service Bureau's report for newsprint (the latter series is identical with that reported by the association). The ratio of the production reported by the association, the Newsprint Service Bureau, and the Bureau of the Census (monthly report on paperboard) to the annual figures reported by the Bureau of the Census for 1934 follow Total paper, 87.4 percent; fine paper, 76.1 percent; wrapping, 109.7 percent (present classification of association is much broader than is Census or earlier association classification); paperboard, 68 percent of all paperboard, but 81 percent of the more comparable classifications of container board and hoxbo-ird: book paper, uncoiled, 95 percent and coated 100 percent (book paper estimates are by association since the data cannot be checked with Census data); and newsprint, 97 percent. Figures for the first 5 months of 1934 on book paper are not available. Data •are available for the other series for the months of January to April 1934. These figures will be shown in a subsequent issue. # Sea footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of this issue. SURVEY OF CURRENT BUSINESS December 1935 1935 1934 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found j „ Novem- Decemin the 1932 Annual Supplement to the Survey j October October ber ber ! January 1935 February April March May June July August 33,327 25, 961 32,182 36. 000 33,109 25, 019 '21,S93 41,483 48, 131 September RUBBER AND RUBBER PRODUCTS CRUDE AND SCRAP RUBBER j Crude: j Consumption, total long tons..! 38,192 28, 526 31,358 ! 32,996 20,489 23, 467 25,137 32,575 ! For tireslt --long tons.. 29, 240 37,212 18,171 Imports, total, including latexf# long tons..) 36, 378 40. 5J? i Price, wholesale, smoked sheets, N. Y. ! .139 .129 . 130 . 136 ! dol. per lb._ . 127 88,000 I 76,000 99,000 75,000 i Shipments, world long tons., 75,000 Stocks, world, end of monthf—-long tons.. 655, 000 680,616 684,40S 705.975 698, 153 I 98.868 Afloat, totalf -—long tons... 100,000 99,837 124.976 113.000 38.247 47, 644 42, 066 For United Stalest. long tons.. 49,913 38, 625 London and Liverpool . long tons..,! 168,570 121,020 127,888 134,927 148,337 91,072 British Malaya . long tons.. 71,868 101,349 96, 556 98, 471 United States! long tons..] 312,112 359,379 I358,000 355,000 338,345 Heclaimed rubber: 7,097 6, 492 7, 034 9, 583 Consumption long tons.. 7,923 8,143 7, 268 7,353 10,465 Production ..long tons.. 11,926 21,079 Stocks, end of month.. long tons.. 11,784 20, 015 18, 740 17, 743 Scrap rubber: j Consumption by reclaimers long t o n s . ' . 25, 959 TIRES AND TUBES t . 129 74,000 6S6,195 103,000 42, 969 155, 727 94, 695 332,773 .114 67,000 678.809 92,000 44,485 162,012 91.0(59 333,728 .115 75. 000 677,006 97, 400 37,651 165,064 86, 723 328,118 8,178 10,072 15,765 8,183 10,549 17,335 9. 210 10,315 17,032 34, 000 6 21,250 35,707 .126 .120 72,000 77, 000 677, 569 671, 525 103, 200 101,000 55, 581 44, 375 167, 745 171,303 89, 979 91,345 311,000 315,000 .121 70,000 679,091 96,000 49,018 174,141 89,098 315,000 7,317 8, 590 15, 780 7,136 8.421 34,889 7, 03fi 7, 263 12,611 7,011 0,871 11,321 3 426 5> 284 5> 212 8, 584 234 3, 839 3, 7S3 fc 322 c, * 3, 067 *> 2, 076 *> 2, 621 h 6. 713 8,448 10, 223 16,341 32,709 . 120 .116 74, 000 70, 000 680, 644 < 661,509 100, 000 101,000 13,413 47,724 ' 174,894 177,250 (37.361 80. 843 819,254 321. 551 32,588 i | Pneumatic casings: j Production thousands.. | Shipments, total.... thousands.. | Domestic thousands..! Stocks, end of month...... thousands..; Solid and cushion tires: j Prod uction thousands.. Shipments, total thousands..| Domestic . thousands.. | Stocks, end of month..., thousands._j Inner tubes: j Production thousands-.! Shipments, total thousands.. Domestic thousands-. Stocks, end of month.... thousands... Raw material consumed: Crude rubber. (See Crude rubber.) Fabrics thous. of lb._ MISCELLANEOUS PRODUCTS 37,827 28, M 2 ', 'Sl.;VJ5 28, 898 l'i,640 j 11,456 30, 705 29,*.? 47, M l 3,188 2,919 2,834 8.397 3, 241 3,095 3,026 8,516 I I ! | I 3,665 3,015 2,921 9, 171 16 17 16 33 16 15 14 35 3,123 2,609 2,543 7,907 3,074 2. 684 2, 630 8, 247 15.382 i ! j | ! 3,398 2,765 2, 689 8,904 13,169 4,488 3, 553 3, 469 10, USQ 17 15 14 35 22 20 20 32 ! i j i 4.376 : 4,050 4,989 j 3, 945 4,908 ' 3,850 10, 797 10,673 18 16 16 32 20 31 20 22 21 31 23 21 20 34 4,131 4,046 3,610 3,261 3, 539 3,200 9,332 | 10,152 3,999 4,043 3,980 10,094 1,132 4,320 4. 252 9,864 3,775 3,347 3, 287 10, 296 18 ! 20 I 7,849 15,627 ! 19.608 I 18,059 j Rubber bands, shipmentsA thous. of lb._ Rubber-proofed fabrics, production, totalA thous. of yd.. Auto fabrics thous. of yd.. Raincoat fabrics thous. of yd._ Rubber flooring, shipmentsA thous.of sq. ft.. Rubber and canvas footwear:* Production, total thous. of pairs.. Tennis ...thous. of pairs.. Waterproof thous. of pairs.. Shipments, total ..thous. of pairs.. Tennis thous. of pairs.. Waterproof thous. of pairs._ Shipments, domestic, totaLthous. 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: A Production..! ..thous. of pairs.. Shipments, total* thous. of pairs.. Export. _..thous. of pairs.. Repair trade thous. of pairs..i Shoe manufacturers thous. of pairs.. Stocks, end of month thous. of pairs..j Rubber soles: A | Production thous. of pairs..! Shipments, total* thous. of pairs.. Export thous. of pairs..I Repair trade thous. of pairs. J Shoe manufacturers thous. of pairs.. Stocks, end of month thous. of pairs.. Mechanical rubber goods, shipmentsrA Total thous. of doL. Belting thous. of doL> Hose thous. of dol.. Other—. thous. of dol._ 4,215 4,078 4,000 11,325 4,251 3, 189 3,112 11,184 8,011 : 7,736 | 'A 793 4,134 4, 061 30.433 16 ! 20 i 19 i 30 I 3.376 3,904 3,840 9,748 I I ! ! h b «>24 20 20 80 3.153 I 5,111 I 5.053 j 7.765 • 3, 154 < ' » 3, 690 ''3,647 * 5,021 > *>3, "41 b 2, 775 7,055 ; ! 334 "449 5,874 1,297 4,577 5,733 673 5,059 5,705 654 5,051 14,700 4,761 9,939 174 I 330 209 230 228 276 285 293 5,279 804 2,813 386 3,419 405 1,552 375 3,334 744 884 411 3,776 286 1,141 3,661 287 1,122 286 4,071 256 1,307 366 4, 008 305 1,398 456 4,030 292 1,716 486 6,078 1,201 3.877 5,525 790 4,735 5,486 758 4,727 15,248 6,085 9,163 4,992 1,165 3,827 4,727 575 4,152 4,653 528 4,125 15,513 6,675 8,838 4,870 1,570 3,300 5,317 1,258 4,060 5.273 1,240 4,033 15,177 6,999 8,178 5,668 2,668 2,999 6,379 2,778 3,601 6,250 2,661 3,589 14,466 6,890 7,576 5,383 3,083 2,300 4,752 3,284 1,468 4,619 3,165 1,454 15,087 6,690 8,397 5,863 3,673 2,190 5,087 4,023 1,064 5,041 3,997 1,044 15,854 6,331 9,523 5,415 3,188 2, 226 4,210 3, 276 934 4,170 3, 243 927 17,056 6.241 10,815 4,857 2,376 2,481 14,437 16,889 377 5,238 11,273 40,016 13,922 15,746 326 4,175 11,244 38,040 13,428 14,075 359 3,435 10,281 37,751 14,351 16,630 296 5,667 10,667 35,811 16,334 15, 260 221 4,777 10, 262 36,950 16,256 16,926 439 5,102 11,385 36,349 17,173 18,764 241 7, 405 11,118 34,869 3,239 3,297 13 584 2,699 4,656 3,541 3,617 3 585 3,030 4,528 3,400 3,592 3 530 3,059 4,329 3,705 3,696 9 650 3,037 4,311 3,243 3,601 7 704 2,890 3,948 3,357 3,410 7 563 2,840 3,904 3, 525 3, 543 7 631 2,905 3,897 3,715 996 1,376 1,343 3,094 707 1,078 1,310 3,601 746 1,001 1,854 4,515 871 1,430 2,215 4,261 775 1,372 2,115 5,463 1,006 1,842 2,615 5,711 1,394 1,949 2,368 3, • 2,579 1,109 3,623 2,521 1,102 18,202 6,026 12,176 4,944 1,109 1,688 2,147 • Revised. & Soe footnote in irked " J ' \ X Date for 1934 and for the period January to July 1935 are estimated to represent approximately 97 percent of the industry; for Auerust and September 1935 the coverage is estimate.! to be 81 percent. Previously published data are estimated to cover about 80 percent of the industry for 1929-33, inclusive, and 75 to 80 percent prior to 1929. #See footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of this issue. • I n 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. For preceding periods the coverage varied; in 1929 it was 90 percent; in 1931, 80 percent; and in 1933, 95 percent, according to the Census of Manufactures. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933 data for the smaller number of firms. *\'ew series. Earlier data not published on total shipments of rubber 1 e?ls and rubber soles prior to December 1932. tRevised series Data on consumption of rubber for tires revised for 1932, 1933, and 1934. See p. 51 of the August 1934 issue. Revised data from September 1930December 1934—rubber world stocks, world afloat, and afloat to the United States appear on p . 20 of the July 1935 issue; for 1932 revisions for United States stocks, see p . 50 of the May 1933 issue. See p. 50 of the June 1933 issue for crude rubber imports. ACoverages of Rubber Association data has varied considerably over period for which data have been shown in SURVEY. Coverage was generally higher in 1934 and 1935 than in earlier years. 56 SURVEY OF CUEEENT BUSINESS 1934 Monthly statistics through December 1931, 1935 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 ber ary December 1935 1935 March April July September May June 10.00 76.646 341,477 9.63 83,076 343,554 9.50 88, 324 341,315 367 177 229 2,133 381 293 255 2,107 342 310 284 2,078 337 350 313 2,107 322 320 300 ! 126 , 291 351 277 2,168 850 345 104 343 346 810 1,821 125 1, 754 1,374 600 1, 582 206 793 1,860 1,150 2,077 213 1,901 1,877 j 1,012 1,974 144 1,873 1,921 720 2, 396 44 1, 894 2, 202 August STONE, CLAY, AND GLASS PRODUCTS BRICK Common brick: Price, wholesale, red, N . Y. dol. per thous._ Shipments* _ thous. of brick.. Stocks*. thous. of brick.. Face brick (average per plant): Orders, unfilled, end of mo. thous of brick-. Production (machine)* thous of brick.. Shipments thous. of brick.. Stocks, end of monthj thous. of brick.. Sand-lime brick: Orders, unfilled, end of mo. thous. of brick.. Production ._. thous. of brick._ Shipments by rail thous of brick.. Shipments by truck ..thous of brick.. Stocks, end of month thous. of brick.. Vitrified paving brick: Shipments*. ..thous. of brick.. Stocks* thous. of brick.. 10.44 10.00 10.50 38, 291 60,987 38,281 400, 529 387,462 362,458 129 1,927 2,164 10.50 64,508 419,833 10.50 48, 188 412,449 322 218 143 2,303 233 120 115 2,306 254 64 64 2,310 258 71 97 2,318 175 920 83 889 1,877 850 1, 651 552 1,105 2,715 | 140 199 32 531 1,561 100 175 0 350 1,317 100 155 13 266 1,363 6,831 77,416 390 2,115 10.50 77,698 412,589 351 203 217 2,217 9.50 76,156 | 1,806 77,866 1,601 79,711 1,167 79,494 1,338 77,039 3,307 80,358 4,162 87, 241 7, 753 89,638 12, 565 86, 236 « 9,173 81,447 5,115 81,344 1.650 6,675 29.3 8,439 19, 972 6,055 1.650 5, 779 26.2 5,674 20,078 6, 213 1.650 4,447 19. 5 3,104 21, 460 6,166 1.650 3, 202 14. 1 2,846 21, 847 6,318 1.650 3,053 14.9 2,952 21, 899 6,348 1. 658 4,299 18.9 4,878 21, 289 6,343 1. 667 6, 136 27 9 6. 198 21.219 6,122 1.667 8,222 36. 1 7, 428 21,991 6,365 1. 667 8,725 39.6 7, 632 23, 083 6,741 1.667 8,021 35.7 7,813 23. 287 1.667 7,235 31.8 8,105 22,415 6, 779 1.667 7,173 32.6 7, 799 J 21, 783 "6.368 2,855 51.8 2, 537 7,481 2,922 53.0 2, 430 7,871 2,935 2,639 49.3 j 49.9 2,679 I 2, 584 8,010 7,990 2,946 51.4 2, 963 7,955 3,113 54.3 2. 956 8.060 3,401 59.3 3, 245 8,141 3, 295 59.8 3,276 8,115 3, 579 62.4 3, 455 8,183 2,184 1,990 1.681 1,774 i 2,540 1,844 2, 456 2, 022 1,880 73 3 4,432 1,999 77.9 4,475 2,305 | 2,252 1.877 1 1,638 1,851 I 1,691 65. 9 72. 1 4,487 4, 525 7,512 6, 5S7 8, 390 4,993 I 289 95 138 2,282 925 115 20 i 414 I 811 9.40 9.44 93,608 a 95, 940 365,481 »381, 532 9.50 90, 602 394,917 PORTLAND CEMENT Price, wholesale, composite dol. per bbL. Production . thous. of bbl_. Percent of capacity Shipments., . thous. ofbbL. Stocks, finished, end of month, thous. of bbl_. Stocks, clinker, end of month.thous. of bbl._ 1.667 7, 510 33.1 8,794 20, 498 5, 890 GLASSWARE, E T C . Glass con tamers :# Production ....thous. of gross--| 3,003 GO. 5 Percent of capacity 3, 557 Shipments thous. of gross Stocks, end of month thous. of gross.. IlluminatiiiK glassware:* Orders: 2,485 New and contract number of turns.. Unfilled, end of month , number of turns. . | 2,680 •Production number of turns., j 2,705 Shipments: I 2,584 Total number of turns.. 100.7 Percent of full operation. . _. 3,450 Stocks, end of month, number of turns-. Plate glass, polished, production f thous. of sq. ft . 16, 593 i 3,132 I 52.6 I 3, 106 7,210 13, 365 1,850 i 2,115 2,020 1,965 | 2, 356 1,774 1, 685 65.6 4,624 2,611 1,902 2, 608 2,065 2,623 j 2,751 2,022 j 1,829 1,791 69.8 4,795 1,920 1,927 74 8 75. 1 4,945 j 5,097 13,273 10, 532 1G, 999 GYPSUM* Crude (quarterly): Iinports ... .short tons . Production short tons Shipments (uncalcined) -..short tons Calcined (quarterly): Production . short tons.. CalcintHi products (quarterly): Shipments: Board, plaster (and lath).thous. of SQ ft. Board, walL thous. of ^ ft.. Cement. Keenes short tons Plasters, neat, wood fiber, sanded gauging, finish, etc .short tons For pottery, terra cotta. plate glass, mixing: plants, etc short tons.. Tile, partition.. . . . thous. of sq. ft.. 825 i 4.2 I 735 239 | 1,919 1,743 1 1,865 3,107 58.7 3, 701 7, 576 2, 446 2, 828 1, 555 1.814 70.7 5.119 j 14,582 j 13, 163 ! 101,805 334,318 99, 956 10, 730 292, 408 84, 853 233,852 29, 937 51,362 2,997 2,088 81.4 3, 358 13,909 526 1 i, 404 388,440 |- I 32,904 49, 793 2,866 1, 567 61.0 5,053 102,302 ! 523,238 j. 188.458 I- 234,735 2, 306 2,013 50,284 73,990 ! 4,724 i 162,020 165,070 23,985 1,560 29, M2 2, 302 272,202 . .. ; 36,668 i i 2,211 TERRA COTTA Orders, new: Quantity Value . _. short tons. .thous. of dol- 1, 027 124 539 ! 1,090 9G7 80 934 80 66 28,817 i 25,795 33,139 35, 043 367,166 I 363,347 j 370,116 j 363,291 23, 111 353,774 29,931 350,710 1, 440 133 ! 791 93 934 113 713 836 104 TILE Hollow building tile:* Shipments Stocks ... short tons. short tons. 38, 498 i 43,069 j 42, 336 | 43,196 346,785 341,432 I 334,369 j 335,114 a 47, 223 '341,833 4.".. 705 341, 374 a Revised. • N e w series. Earlier d a t a n o t published on i l l u m i n a t i n g glassware prior t o J u l y 1932 (except production a n d percent of c a p a c i t y ) ; for earlier d a t a see p 20 of t h e J u n e 1933 is^ue, face brick, machine production Series on c o m m o n a n d vitrified paving brick a n d tile beginning J a n u a r y 1934 were "shown on p . 20 of t h e J u n e 1935 issue. F o r earlier d a t a on g y p s u m see p 20 of t h e J a n u a r y 1933 issue. t Adjusted for d e g r n d i a e and year end physical inventories. t D - . n on plain elass represent t h e to'al o u t p u t of t h e i n d u s t r y C o m p i l e figures for t h e m o n t h ? of 1932 were sh u r n on p . 52 of t h e M a r c h 1933 issue, a n d for 1933 on p. 52 of t h e M a r c h 1931 issue # S'Ti*-' '.n .a "-> .* »nt Mi^rs are not r o m p >r IMC f or ! r 'M, 193.", ^n r l • i r !i- r yo^rs <iue to in^icM^;- of nin i i :,fr o f f-rms repor in;: to 44. S h i p m e n t s of the 44 firms for the year of 1933 i m >>!••>''-- ; to 3:>.nV).706, eonsr) r c l witn J 3 , " | i,')"1-.; Vr uu» 30 firms report m e for the s-rn" yi j -r C o m r 1 r <}>\v -tt-i'W.'r-*-- on s h i p m e n t s for the companies, now reporting b y yo-irs fr.mi •02s »o JTiS, uii-lusiv* , wore as fallow* i.'.i - r r . ^ l*f>', ".l.r'W.ni',; Ht;", -W.^.V') •'; 1 Si >(\ 31,W\R,.i'.i3: i'X)\, 31.-1-V'>, 1932, 26,947,949; a n d 1933, 33,048,717 Data are not i v . i l iMe for this period on production and stor-.-s. nor ar^ m o n t h l y f'f.ruie« on shiMint>n;s nv ;1VIMP. It m a y be noted from the trend of these datn that t h e m o n t h l y figures prior to 1934 h a d a d o w n w a r d bias. Basis of e - t m u i n i , ' d p u ' i t y was oh nvied m c o m p t n n ^ ihe new scries. D a t a for 1U34 revised, see p . 52 of t h e M a y 1935 issue. 57 SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 together with explanatory footnotes and references to the sources of the data, may be found Decem- January No v e m in the 1932 Annual Supplement to the Survey October October j b e r ber 1935 F U ary " 1 March April May June July August Severn- TEXTILE PRODUCTS CLOTHING Hosiery:*t Production thous. of dozen pairs.. Shipments.. thous. of dozen pairs.. Stocks, end of month thous. of dozen pairs.. Men's and boys' garments cut: Overcoats....thous. of garmentsSeparate trousers thous. of garments.. Suits thous. of garments.. 9,564 9.791 9,466 9,308 8,001 8,220 9,214 8,732 9,768 9,392 9,180 9,203 9,124 7,121 7,513 7,541 6,818 9,001 8,588 9,577 10,816 17,006 17,159 16,934 18,444 19,028 19,053 19,366 19,546 19,256 19,979 19, 294 18,054 523 480 417 551 480 482 470 384 391 408 449 278 345 280 COTTON Consumption! thous. of bales. _ Exports: Quantity, exclusive of linters thous. of bales.. Ginnings (total crop to end of month) thous. of bales.. Imports#... thous. of bales.. Prices: To producer dol. per lb._ Wholesale, middling, N. Y ...dol per lb._ Production, crop estimate---thous. of bales.. Receipts into sights thous. of bales.. Stocks, end of monthrf Domestic, total mills and warehouses thous. of bales.. Mills thous. of bales.. Warehouses thous. of bales.. World visible supply, total—thous. of bales.. American cotton thous. of bales.. 552 712 616 572 505 466 318 7,750 7,918 12 9,020 <*9,377 9,472 10 .109 .112 .125 .125 .123 .126 * 9,173 10 .124 .127 • 9,637 3,136 2,345 1,544 9,556 1,074 8,482 7,060 5,807 10,521 1,140 9,381 7,963 6,037 11,098 1,294 9,804 7,955 6,086 .312 .435 241 487 1,133 323 4,230 6 1 6 .123 .127 .122 .126 .115 .115 .117 .117 .120 .123 .118 .119 .119 .122 .115 .115 .106 487 378 424 229 286 233 395 718 2,154 10,869 1,301 9,568 7,819 5,962 10,138 1,192 8,946 7,482 5,565 9,516 1,161 8,355 7,197 5,132 8,904 1,116 7,788 6,881 4,715 8,266 1,062 7,203 6,124 4,169 7,555 975 6,581 5,593 3,720 6,953 885 6,069 4,998 3,253 6,528 789 5,739 4,278 2,790 6,538 645 5,893 4,212 2,834 7,865 717 7,149 5,205 3,968 .304 .425 .309 .415 .415 .299 .410 .297 .414 .296 .415 .305 .415 ,301 .415 .415 .299 .411 .300 .405 16,423 2,592 '16,858 3,517 16,444 4,353 15,484 5,474 15,848 7,727 18,713 7,118 16,285 5,903 16,539 5,460 13.657 3,729 14,566 3,258 13,731 3,517 14,128 4,315 COTTON MANUFACTURES Cotton yarn: Prices, wholesale: 22/ls, cones (Boston) dol. p e r l b . . .312 40/ls, southern spinning* dol. per lb_. .408 Cotton goods: Cotton cloth: Exports^.. thous.ofsq.yd-— 15,529 Imports? ..thous. of sq.yd... 5,876 Prices, wholesale: Print cloth, 64 x 60 dol. per yd.. .064 Sheeting, brown, 4 x 4 (Trion mill) dol. per yd— .078 Cotton cloth finishing:* Production: Bleached, plain thous. of yd_. 110,885 Dyed, colors thous. of yd.. 102,066 Dyed, black ....thous. of yd _ 6,499 Printed thous. of yd.. 97,972 Stocks:* Bleached and dyed thous. of yd . 199, 328 Printed thous. of yd.. 93, 795 Spindle activity:f Active spindles .thousands.. 23,193 Active spindle hours, total millions of hours.. 7,445 Average per spindle in place hours.. 251 Operations percent of capacity.. 103.8 .070 .066 .068 .067 .065 .062 .061 .062 .061 .059 .061 .063 .081 .078 .077 .077 .076 .074 .073 .074 .073 .071 .070 .074 134,386 89,420 7,985 126,384 126,726 87,679 128,898 87,992 6,114 107,379 145,390 107,283 6,999 120,203 137,335 104,987 6,013 117,780 148,710 119,107 6,797 122,548 144,429 112,883 6,218 104.597 130,284 98,810 6,000 100,265 90.496 73,531 5,504 70,381 89,164 78,254 6,585 61,842 93,013 87,921 6,151 288,864 276,863 100,008 97,232 291,481 97,732 297,866 297,776 333,991 103,500 111,926 115,255 234,457 96,103 94,521 84,486 7,282 77,913 212,369 94,012 195,421 88,292 114,139 277,030 298,233 284,473 108,830 111, 758 107,585 25,104 25,072 25,073 25,155 24,917 24,574 23,854 23,041 22,704 22,312 22,047 22,684 7,200 233 °97.3 6,710 217 94.0 6,014 195 87.1 7,542 245 102.6 6,567 213 100.2 6,623 215 92.9 6,055 197 85.3 6,087 199 83.3 5,102 168 75.0 5,155 171 73.5 5,545 185 76.4 6,184 207 93.9 BATON AND SILK Rayon: Deliveries:* Unadjusted 1923-25-100.. 382 488 653 274 417 381 433 295 583 494 441 550 Adjusted 1923-25-100574 565 264 439 279 477 570 462 357 513 419 387 3-mo. moving average of adjusted index 327 1923-25=100.. 453 336 523 509 410 495 520 310 501 465 Importst# thous. of lb— 22 16 25 6 60 241 29 39 12 107 145 Price, wholesale, 150 denier, " A " grade 26 (N. Y.) dol. per l b .55 .57 .60 .55 .55 .57 .55 .55 .57 .57 Stocks, imported, end of month .60 262 thous. of lb._ 265 264 272 263 262 261 245 261 244 244 Silk: 262 Deliveries (consumption) bales.. '48,167 49,106 37,548 40,941 47,443 41, 732 44,347 39,757 38,361 33,728 44,166 41,715 45,156 Imports, rawt# thous. of lb._ 4,905 7,219 2,566 5,562 5,278 6,516 5,545 8,218 5,387 6,201 6,344 6,708 5,658 Prices, wholesale: 1.391 Raw, Japanese. 1^-15, N. Y.dol. p*r lb.. 1.292 1.432 1.418 2.084 1.348 1.447 1.185 1.358 1.705 1.868 1.327 1.376 Silk goods, composite _.dol. per yd._ .92 .92 .92 .95 .94 .92 .93 1.00 .95 .97 Stocks, end of month: World visible supply bales.. 233,000 277.800 275,000 272,300 258, 500 234, 457 223. 548 220.577 207,000 190,700 199, 500 214. 000 236,000 United States (warehouses) bales.. 46, 777 66,479 76, 502 65,934 48,516 48,727 36.583 37,587 36, 762 42.018 32. 654 37.381 • Revised. » As of Dec. 13. * As of Jan. 16. • Dec. 1 estimate. / Nov. 1 estimate. * New series. Hosiery compiled by the National Association of Hosiery Manufacturer* and estimated 'o represent 95 percent of the industry. For complete series see p. 19 of the September 1935 issue. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry; comparable figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at end of each 4-week period Data on cotton yarn, southern spinning from January 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1923- April 1935 were shown on p. 19 of the June 1935 is<ue 1 For rpvisions for crop years 1031-32, 1932-33, 1933-34, and 1934-35, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, p. 53 o! the October 1934 issue, and p. 57 of the October 1935 issue, respectively. f For revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32, 1932-33, 1933-34, and 1934-35, see p. 20 of the February 1933 issue, pp. 52 ^nd 53 of the November 1932 issue, p. 53 of the October 1934 Issue, and p. 57 of the October 1935 issue, respectively. § For 1932 revisions see p. 53 of the June 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue; 1934 revisions are shown on p. 19 of this issue. i See footnote on p. 37 of this issue. Dnta r=vsed for 1933; see p. 20 of the October 1934 issue; data also revised for 1934, see p. 20 of this is^ue. • Stocks at end of 4-week periods through June 16 July figures are averages for July 14 and Aug 11. August figure as of Sept. 8. Subsequent data at the end of succeeding 4-week periods. X For 1932 revisions see p. 53 of the June 1933 issue, and for 1933 revisions see p. 20 of the October 1934 issue. 58 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey December 1935 1934 1935 October Novem-! Decem-U a n a a r ber I ber | J > February March April July June May i August TEXTILB PRODUCTS—Continued R A Y O N A N D SILK—Continued Silk manufacturing: Operations, machine activity: Spinning spindles:* AH percent of capacity.. 5-B . .percent of capacity.. Weaving: Broad loomsf percent of capacity.. Narrow loomsf...percent of capacity.. Silk piece goods:* Commission mills: New orders yards per loom.. Production yards per loom.. Shipments yards per loom.. Stock-carrying mills: Production yards per loom.. Shipments—.. yards per loom.. Stocks, end of month yards per loom Still to come off looms, yards per loom 43.2 ! 47.4 45.8 51.4 46.8 45.8 449.0 550.8 536.5 342.0 512.3 481.6 425.7 520.0 534. 7 320. 2 325.9 830.9 387.2 325.6 367.6 853.8 393.5 320.9 399.4 787.5 480.9 34,065 b 12.800 8,850 * 44,858 b 17,700 4,964 49 82 95 100 95 ! 34 34 45 23 29 48 28 26 63 36 28 81 52 i 29 82 ! 63 35 48 71 65 85 74 j 81 I| 61 40.5 40.5 48.1 WOOL Consumption: Total, grease equivalent basist thous. of lb__ 78,727 Apparel class, scoured basis*-thous. o f l b . . 29,565 Imports, unmanufactured§# thous. o f l b . . 23, 498 Operations, machinery activity:* Combs, worsted percent of capacity.. 124 Looms: 54 Carpet and rug percent of capacity.. 42 Narrow percent of capacity. . 84 Wide .percent of capacity.. Spinning spindles: Woolen . percent of capacity.. IOC Worsted percent of capacity.. Prices, wholesale: Raw, territory, fine, scoured— _dol. per lb__ .81 Raw, Ohio and Penn., fleeces...dol. per l b . . .32 Suiting, unfinished worsted, 13 oz, (at mill) dol. per y d . . 1. 624 Women's dress goods, French serge, 54" (at factory).. dol. per y d . . 3.040 Worsted yarn, 2/32s, crossbred stock, Boston . . . d o l . per lb_. Receipts at Boston, total A . . . . . t h o u s . of lh._ 18, 52.5 Domestic. . thous. of lb__ 11,803 Foreign A thous. of lb , 6,722 Stocks, scoured basis, end of quart er:*^ j Total _ thous. of lb_.J._ Domestic... ...thous. of lb__ Foreign . . . thous. of l b . . Combing — t h o u s . of lb._ Clothing . . . . t h o u s . of l b . . MISCELLANEOUS 55.0 50.3 52.2 51.8 44.4 45.8 h h 57,065 •58,370 * 51, 616 » 65,006 « 02.066 fc 70, 617 6 80, 428 > b 22, 200 6 22, 200 b 19, 300 5 23.108 & 21,818 h 25,444 fc28, 388 11,964 15, 932 5,074 8,583 13,939 | 15,459 15, 778 6 66,648 23.575 i 26, 592 18,760 20,361 b SO, b 28, 994 fc 952 116 115 103 in s 59 28 76 50 25 77 53 24 78 60 | i .76 .76 .27 .28 1.460 1.139 1.17 12, 744 12,033 711 1.510 | 1.4S5 1.101 1.10 5,758 | 4,826 I 932 1.10 5,177 4,478 699 1.08 3,730 2,380 1,350 .990 ' 1.11 11,053 10, 6S7 366 1.510 .69 .25 ! 1.510 .26 .66 | ,23 I .64 .23 .08 .26 1.510 94 67 1. 522 .30 103 .76 .30 .33 i 1.510 I .990 I 170,004 149.016 20,988 113,751 56,253 | 83 71 63 i 33 78 1.05 6,507 4,626 1,881 ! | I j . 990 1.05 8,951 7, 141 1,810 1.609 1.609 ; 603 I 015 1.015 1.015 1 027 l.OS 1.06 19,701 I 44, 346 41,809 17,246 2, 587 2,455 1.10 72,156 67, 598 4.557 1. 10 ! 37,957 1 33,981 i 3,970 ! 22.3 7,688 36. 5 7,403 .990 | I. 11 832 19, 385 4, 44t> i 156, 102 137, 204 IS. 838 706 396 141.923 134,455 ! 115,216 I 19,239 ! 126, 209 15,714 100, 207 41,716 88,163 L 46,292 i PRODUCTS Buttons, fresh-water pearl: Production -.—pet. of capacity. _ j Stocks, end of month thous. of gross,-! Elastic webbing, s h i p m e n t s . . . t h c u s . of d o l . . Fur, sales by d e a l e r s . . . thous. of dol..] Pyroxylin-coated textiles (artificial leather): j Orders, unfilled, end of month j thous linear y d . . Pyroxylin spread thous. of lb__! Shipments, billed -thous. of linear yd... j 2, 072 43.1 * 6, 289 929 1, 797 2,592 5,125 4,7)16 2,930 3 325 125 50. 2 7. 215 (0 29. 0 S. 005 4S.4 6, 396 828 1. 887 41.1 6,236 8)5 L3S6 44.8 8,676 956 1,799 50.3 8,536 949 1,942 43.3 i 8,357 1,018 2,271 45. 9 8.258 1,060 2,301 37.6 8,188 2,782 2, 326 3,185 3, 390 » 3, 069 2 2, 787 3, 337 3,197 3, 036 4,214 3,738 2,993 4, 444 4,057 2,822 I 4,829 | 4,691 i 2,654 4,600 4,328 2, 308 4, 280 4,606 1,974 3, 274 3. 645 1,898 3,587 3,534 2,176 4,471 4.032 4, 692 4, 412 « 130 «78 34 24 « 156 •106 20 30 a 218 •149 35 34 122 68 42 12 182 149 19 14 133 87 9 37 988 3, 257 2, 833 0) 0) 0) 0) 13. 7 7,215 TRANSPORTATION EQUIPMENT l AIRPLANES Production, total. -.-Commercial (licensed)..Military (deliveries) For e x p o r t . . . — . number.. number.. number.. number.. 120 60 24 36 111 42 I 12 I 83 47 21 15 ^ 94 »60 15 19 °82 a 39 28 15 187 107 41 39 « Revised. * Preliminary. # See footnote on p . 37 of t h e August 1935 issue, i Discontinued by t h e reporting source in April 1935. Since July 1934 report has been on a weekly basis. Data for September and December 1934 and March, June, and September 1935 are for 5 weeks; other months, 4 weeks. Ficures for July a n d succeeding months are computed from Cinsus Bureau figures so as to represent 100 percent of t h e wool industry; earlier figures incomplete. f Compiled by t h e Silk Code Authority (The National Federation of Textiles, Inc.) and represent t h e percentage of operations based on an 80-hour week (2 shifts of 40 hours each). D a t a are not comparable with the series previously shown in the Survey which were based on a smaller sample and computed on t h e basis of a 48-hour week. * New series. Silk spindle activity, compiled 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 . 19 of the April 1S35 issue, excepting for yardage on loons, which is shown on p . 20 of t h e August 1934 issue. Wool stock series began in June 1934. See p . 20 of the July 1935, issue for earlier data and explanation of new wool consumption series. * Beginning with t h e July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined b y t h e Saturdays. T h e statistics presented herewith are still based on t h e pre-code computed normal (currently based on the single-shift performance over t h e 5-year period 1928-32). T h e current data represent practically complete coverage of the industry. N o allowance for holidays in January 1934, January 1935, and December 1934. Conversion will be made for earlier m o n t h s (since effective date of code) at a later date. * Foreign receipts for year 1934 are compiled b y U. S. Department of Agriculture and are not comparable with data carried through December 1933. This results in a total figure which also is not comparable with earlier data. 1 Compiled b y t h e Bureau of The Census and represent stocks of raw wool held b y all dealers, topmakers, and manufacturers who usually hold significant stocks of wool. T h e figures for t h e 3 quarters of 1934 have been revised to include the " g r a d e not s t a t e d . " t Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool is multiplied b y 2 and pulled wool b y 1H. Includes clothing and carpet wools. See note on apparel class wool on p . 20 of the July 1935 issue. As this grease series will probably be dropped in favor of the more accurate scoured series, it is suggested that those who wish to keep series going have their names placed on Bureau of the Census mailing list for t h e monthly wool consumption report, from which can be computed data, using formula given. § For 1932 revisions see p . 53 of the J u n e 1933 issue, for 1933 revisions see p . 20 of t h e October 1934 issue, and for 1934 see p . 19 of this issue. b SURVEY OF CURRENT BUSINESS December 1935 1934 Monthly statistics through December 1931, 1935 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 ber 59 1935 February March April May June July August September T R A N S P O R T A T I O N EQUIPMENT—Continued AUTOMOBILES; Exports: Canada: Automobiles, assembled. _ number Passenger cars number. United States: Automobiles, assembled, total § number.. Passenger cars§ number.. Trucks§ ..number.. Financing: Retail purchasers, total thons. of dol._ New cars thous. of d o L . Used c a r s . . _. thous. of dol__ Unclassified __tbous. of d o l ~ Wholesale (manufacturers to dealers) thous. of dol— Fire-e\tinguishcing equipment:! Shipments: 1 Motor-vehces apparatus number.. Hand-type number.. Production: Aa to mo biles: Canada, total .-.number.. Passenger cars number.. United States, totalt number.. Passenger carsf number.. Taxicabs* . . number. _ Trucksf number Automobile rims thous. of rims_. Registrations: New passenger earsf.... -number.. New commercial cars* number.. SalesGeneral Motors Corporation: To consumers.-number.. To dealers, total? number.. U. S. dealers. number.. Shipments, accessories and parts, total* Jan. 1925=100.. Accessories, original equipment Jan. 1925-100.. Accessories to wholesalers..Jan. 1925—100.. Replacement parts , J a n . 1925= 100.. Service equipment Jan. 1925=100-. EAILWAY 3,778 2,754 1,929 1,140 641 367 1,585 1,366 4,858 4,342 9,355 6,665 6,356 5,194 14,580 7,471 7,109 15,552 8,040 7,512 16,280 • 9,210 7,072 15,420 8,279 7,141 17,626 11.035 6, 591 21,827 15, 067 6,760 29,806 20.986 8,820 26, 433 18,341 8,092 74,188 42,179 31,122 887 68, 224 42, 738 24,127 1,360 55,303 33, 784 20,399 1,120 43, 789 24,761 18,016 1,012 56,152 35,937 18,955 1,260 66,419 42, 779 22, 285 1,355 95,184 61,722 31,607 1,856 75,907 45,363 29,730 36, 530 03,830 106,054 145,574 159,930 132,074 118, 732 119,100 «92,918 :i9, 700 59 31, 556 31 24,007 25 31,219 40 21, 536 30 25,169 22 20,697 36 21,713 47 29, 796 40 34, 585 54 34, 692 47 29, 571 38 32, 534 28, 362 8, 313 7,128 275,021 214,609 3,730 2,125 131,991 84,003 1,697 1,052 83,482 49,020 2,694 2,443 153,624 111,061 10,607 8,269 292,817 229,233 18,114 13,885 335,700 275,623 15,745 I 13,069 21,975 24,121 ; 20,765 7,692 18,179 20,686 17, 093 12,276 9, 471 5, 524 429. 834 477. 746 364, 727 361,321 337,044 240, 051 361,816 401, 028 307, 522 296, 609 276, 084 182, 389 5,323 3,819 89, 805 57, 285 60,412 47,988 630 42, 563 1,199 63, 584 1,869 60, 077 1,616 68, 018 1,724 148, 389 43, 243 140,937 40,878 34, 462 578 107,648 28,689 136, 635 170.615 34,759 34,797 261,477 41,511 68, 566 127,054 97, 746 69,090 72,050 50, 514 62.752 61,037 39,048 41, 530 41, 594 28, 344 75,514 24,125 4,829 3,276 19,895 13, 604 6,291 5,070 3,579 26, 270 16,517 25, 026 14,752 10, 274 4, 100 ! 20,073 10,076 9,997 12,703 5, 622 7,081 113,026 107.. 821 106, 174 113,125 100, 761 66,913 71,665 «62, 661 73. 05* 67,631 37, 929 38, 227 37, 237 40, 274 "37,011 2,025 1,186 1,963 2,039 1,089 77,05] 46, 114 30, 7ir, 820 64,712 60,960 57, 662 32, 520 1,339 1,052 1,428 798 319,652 293, 201 280, 360 285,184 233,851 a 157,008 46, 785 47,988 48, 243 51, 243 50, 355 43, 234 76,118 1,907 57, 205 1,561 I M, 105 77, 297 126, 691 143, 909 109.051 137, 782 98. 268 121,146 169, 302 184,059 134, 597 181,188 75, 727 92,907 132, 622 152, 946 105,159 150, 863 132 79 77 99 113 123 135 137 150 141 98 66 107 135 61 66 124 123 56 101 110 103 55 115 92 126 65 123 102 145 70 142 101 144 72 108, 645 127, 346 167, 790 124, 680 139,021 103,098 66, 547 39,152 22,986 132 156 110 144 119 114 92 105 132 132 148 83 102 103 131 82 113 05 138 81 85 126 124 75 98 3 29 EQUIPMENT Equipment condition: Freight cars ow.ned: Capacity mills, of lb._ 177,962 Number, total thousands.. 1,842 Bad order, total _. . . n u m b e r . . 273,125 Percent of total in bad order., _ 15.0 Locomotives, railway: Owned: Tractive p o w e r . . mills, of lb... 2,212 Number n u m b e r . . 45, 610 Awaiting classified repairs.number.. 10,187 Percent of total 22.3 Installed ..number.. 43 Retired..... number119 Passenger cars: On railroads (end of quarter) ...number Equipment manufacturing: Freight ears: Orders, new, placed by railroads.—cars. _ 810 Orders, unfilled, total _cars.. 6,432 Equipment manufacturers ears,4, 514 Railroad s h o p s . . cars... 1,918 Shipments, total cars.. 1,281 Domestic cars.. 1.281 Locomotives, industrial electricfquarterly): Shipments, total number.. Mining use number,. Locomotives, railway: Orders, new, placed by railroads number.. Orders, unfilled, end of month: Equipment manufacturers (Census) total number.. Domestic, total number.. Electric— number.. Steam _ number.. Railroad shops (A. A. R . ) - - . n u m b e r . . Shipments: Domestic, total.__ number.. Electric _ number,. Steam number.. Exports, totalf number.. Electric number.. Steam.. number..i 185,497 1,932 297, 546 15.6 2,278 47, 553 10,676 22.5 62 291 184,898 183,363 182, 685 182,117 1,925 1, 907 1,900 1,892 295, 947 290, 709 285, 256 277,451 15.5 15.6 15.2 14.9 2,271 47, 329 10, 718 22.7 68 292 2, 251 46, 869 10, 344 22.1 81 543 2,243 46,636 10, 419 22.3 80 261 2,236 46.363 10, 423 22.5 64 337 43,342 182, 773 181,390 1,888 1,883 274, 775 284,728 14.8 15.4 2,232 46, 237 10,389 22.5 45 171 2,231 46, 192 10,537 22.8 62 106 180, 559 180,114 179, 556 179,203 1,868 1, S61 1, 873 1,857 283, 310 276, 535 281,262 I 285, 320 15.0 15.3 I 15.4 15. 6 2, 228 46,099 10, 582 23.0 63 156 42,428 75 3,080 1,795 1,285 1,788 1,768 4 1,771 959 812 768 748 360 628 53 575 999 995 24 818 399 419 121 65 806 427 113 314 99 99 118 106 56 50 0 127 125 89 36 0 127 121 101 20 0 115 109 11 2 16 0 16 28 17 11 21 3 18 4 3 1 12 12 0 5 4 1 2,222 45, 883 10,557 23.0 92 119 2. 219 45,821 10,403 22.7 60 122 41,986 102 97 84 13 0 0 444 30 414 143 143 2,222 45, 910 10, 541 23.0 57 246 600 1, 447 533 914 334 162 2 1.477 549 928 1,031 401 5,151 2,427 414 2,013 66 17 14 3 13 12 1 178, 703 284,427 15. 5 2,215 45, 680 10, 335 22.6 221 41.04S 500 2,173 i 427 j 1,746 40 | 28 ! 11 6 5 22 12 10 1 100 7, 259 5,841 1,418 17 17 110 ,140 36 34 22 12 « 3 3 2 1 • Revised. •New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new comrr imercial cars. , , t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; exports of locomotive for 1932; p. 55 of the June in es 1933 issue for 1933, see p. 20 of the Sept, 1934 issue, and for 1934 p. 19 of this issue. Data on automobile production revised for 1933 See p. 55 of the August 1934 issue. For revised data for 1934 see pp. 55 and 56 of the June 1935 issue. t Index of sales of new passenger cars is shown on p. 26 of this issue. § Data revised for 1932, see p. 54 of the June 1933 issue. Data revised for 1933, see p. 20 of the September 1934 issue; and for 1934, see p 19 of this issue • Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual comnanies 1 united States and Canadian dealers, plus overseas shipment. SURVEY OF CURRENT BUSINESS 60 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1935 December 1935 1934 1935 October October Novem- December ber TRANSPORTATION January February March April May June August July September EQUIPMENT—Continued RAILWAY EQUIPMENT—Contd. Equipment inanuufacturing—Continued. Passenger cars: Orders, new, placed by railroads number. . Orders, unfilled (end of quarter) number Shipments, total number.. Domestic . . number.. ELECTEIC TRUCKS AND TRACTORS Shipments, industrial, total .number. . Domestic — -.number. _ Exports number. _ SHIPBUILDING 2 0 0 0 0 0 0 61 61 10 10 76 •11 •11 42 42 0 58 57 1 59 56 3 0 0 0 0 0 41 41 9 9 68 12 12 13 13 45 45 9 0 0 75 70 5 67 65 2 53 48 5 76 74 2 78 76 2 80 72 8 55 0 0 2 2 117 114 3 45 43 2 24 23 1 50 45 5 33 49 50 38 36 30 20 20 20 31 72 76 9,266 1,707 United States: Merchant vessels: Under construction.thous. of gross tons__ Completed during month total gross tons. . Steel . — — .total gross tons__ World (quarterly): Launched: Number — _ships__ Tonnage thous. of gross tons Under construction: Number .ships.. Tonnage _ thous. of gross tons. _ 41 41 182 44 29 2,441 1,555 2,370 858 2,430 447 3,103 2,097 4,483 3,740 14,510 11,344 12,640 8,543 22,026 15,801 5,928 2,189 4,530 957 4,305 45 15, 86C 8,464 124 384 112 319 135 323 271 1,252 325 1,270 330 1,283 a 119 263 288 1,198 CANADIAN STATISTICS Business indexes: * Physical volume of business 1926=100. _ Industrial production, total. .1926=100.. Construction t i 1926=100.. Electric power 1926=100.. Manufacturing 1926=100.. Forestry 1926=100.. Mining t 1926=100.. Distribution „ 1926=100.. Carloadings 1926=100.. Exports (volume) 1926=100.. Imports (volume) 1926=100.. Trade employment 1926=100.. Agricultural marketing 1926= 100.. Grain marketings 1926=100.. Livestock marketings 1926=100.. Commodity prices: Cost of living index <? 1926=100.. Wholesale price index # 1926=100,. Employment, total (first of month)_1926= 100.. Construction and maintenance. 1926=100.. Manufacturing 1926= 100.. Mining 1926=100.. Service 1926=100.. Trade 1926=100.. Transportation 1926= 100.. Finance: Banking: Bank debits mills, of doL. Interest rates 1926= 100.. Com nercial failures * number.. Security issues and prices: New bond issues, total thous. of doL. Bond yiel'is percent.. Common stock prices, total t-1926=100.. Foreign trade: Exports thous. of doL. Imports thous. of doL. Exports, volume: Wheat thous. of bu_. Wheat nour thous. of b b L . Railway statistics: Carloadings thous. of cars.. Financial resultsOperating revenues thous. of dol.. Operating expenses.. thous. of doL. Operuing income thous. of dol . Operating results Freight carried I mile mills, of tons.. Passengers carried 1 mile .mills, of pass. Commodity statistics: Production: Electrical energy, central stations mills, of kw.-hr_. Pig iron thous. of long tons.. Steo! ingots and castings thous. of long tonsWheat floin*._._ thous. of bbl. 107.2 109.5 53.6 198.9 105.4 114.5 169.6 100.7 71.0 88.6 85.4 122.8 86.6 86.1 88.7 95.9 95.5 37.2 170.4 94.8 100.3 143.5 97.2 68.7 85.3 78.2 119.5 61.2 57.9 75.7 96.5 97.0 42.2 181.4 96.0 104.1 137.5 95.2 65.9 60.6 85.3 119.3 51.2 46.3 72.8 92.4 91.0 30.6 188 8 91.8 110.3 121.8 96.1 65.7 61.6 72.6 123.8 36.0 29.0 67.3 97.5 97.8 73.4 189.7 88.9 95.7 140.4 97.1 75.8 70.1 71.3 118.9 30.6 19.3 81.5 100.6 101.1 76.9 188.9 92.5 95.2 143.5 99.4 78.3 79.2 70.7 120.7 62.2 55.2 93.4 94.2 93 3 51 3 190 5 86.8 93.1 143.4 96 8 73. 3 73 8 65.6 120.5 65.4 57.7 100.0 98.3 97.7 37.9 195.9 94.0 99.0 156.4 100.0 79.1 81.5 71.5 121.0 91.8 91.7 92.0 103.2 104.4 38.1 198.1 105.1 1087 147.6 100.5 73.4 84.1 84.0 121 2 86.3 85.4 90.6 99.2 99.7 43.7 197.4 98.4 105.7 138.4 97 8 70.6 699 74.6 122.6 106.1 112.3 78.2 103.0 104.0 58.1 199.4 101.7 100.7 135.3 100.2 75.0 78.6 79.8 122.3 164.7 183.4 80.4 107.9 110.3 69.8 206.2 102.7 111.8 165.8 101.3 72.1 100.3 80.5 122.8 163.9 181.2 86.6 101.9 102.5 52.1 191.9 100.0 103.7 144.7 100.1 69.6 92.7 77.6 123.6 114.2 119.5 90.2 80.4 73.1 106.1 117.4 103.3 129.5 120.5 123.8 86.4 79.1 71.4 100.0 117.0 94.4 117.9 116.2 120.0 84.8 79.3 71.2 100 2 111.0 92.8 121.2 114.9 121.3 83.9 78.9 71.2 98 9 100.3 91.3 122.9 115.2 126.0 80.1 78.8 71.4 94.4 87.9 87.4 119.1 115.2 130.6 76.2 78.9 71.9 94.6 87.2 90.1 120.3 111.9 116.6 76.2 78.8 72 0 96 4 94 2 92 7 1188 111.7 116.7 76.5 78.6 72.5 93.4 80.2 93.9 117.7 111.4 117.4 76.3 78.6 72.3 95.2 84.7 95.6 116.2 116.4 119.3 80.1 78.8 71.5 97.6 89.5 98.4 119.2 118.5 119.9 79.9 78.8 71.5 99.5 101.1 98.5 121.5 123.6 122.1 82.7 79.4 71.6 101.1 104.7 99.8 125.2 127.9 120.7 85.4 «79.6 72.3 102.7 110.9 100.8 128.6 127.8 121.8 85.8 2,908 85.4 3,410 82.9 130 3,092 81.0 119 3,040 76.2 124 2,682 76.2 107 2,089 78.3 130 2,236 79.5 124 2,367 8a 8 107 3,132 78.5 101 2,710 80.4 109 2,545 80.2 2,498 79.7 2,426 88.3 66,351 3.54 96.1 271,065 3.97 85.2 5,248 3.88 86.0 48,883 3.65 86.2 35, 363 3.65 88.6 25,495 3.75 87.8 16, 378 3 81 84.4 72,022 3.87 86.4 66, 526 3.76 93.6 65,151 3.85 93.8 59,523 3.84 92.4 122,325 3.82 94.7 194,866 3.96 93.6 85,749 52, 751 68. 313 47. 229 65. 677 49,884 61,395 39,108 44. 374 37,229 47, 677 37,044 59,026 48,191 38,296 36, 637 62,947 54,540 52, 763 46, 732 57,786 48, 414 71,700 49, 560 66,152 44,689 28,919 501 21,808 18, 770 504 17, 336 341 5,380 346 7,207 310 8,906 497 5,027 277 11,990 383 6,495 430 9,158 395 21,698 377 17,273 251 243 211 172 182 180 187 185 188 186 195 197 396 221 29,151 21,453 6,746 24,778 19,902 3,629 20,953 20,475 d 419 21,579 19,676 937 23,847 20,865 2,114 24.482 20,563 2,990 24, 529 21,839 1,781 24,049 22,455 691 26,187 22, 754 2,442 25, 520 23,435 1,134 2,561 106 2,226 94 1,739 136 1,576 115 1,685 105 1,858 133 1,797 125 1,720 124 1,860 134 2,041 157 1,784 185 29,585 23,436 6,380 2,712 137 2,163 46 1,853 47 1,954 39 2,053 42 2,013 44 1,803 37 1,944 45 1,881 43 1,923 45 1,816 45 1,791 51 1,851 54 1,919 54 95 I 25, 702 19,916 4,797 58 1,654 57 1,704 59 60 1,025 56 941 58 1,046 73 1,164 73 992 992 82 1,161 91 1,535 " Revised. I D a t a for 1934 revised See p . 56 oi t h e M a y 1935 issue. *New <eries. For earlier data see p. 18 of the Febru lry 1033 issue, business indexes, a n d p 20 of the October 1933 *ssue, commercial failures. t Revised series. See p. 55 of the April 1934 issue, construction and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stock* being a d d e i ; for revision see p. 36 of the April UJ3* issue. # N u m b e r ef commodities changed from 502 to 567 beginning with month of J a n u a r y 1934 c? Data revised J a n u a r y 1932 through J u l y 1933. Revision for 1932 see p . 55 of t h e November 1933 issue. For final revisions for 1933 see p . 56 October 1934 issue. d Deficit. INDEX TO MONTHLY BUSSNESS STATISTICS Page Abrasive paper and cloth 54 Acceptances 31,32 Accessories, automobile 59 Advertising 25, 26 Africa, United States trade with 36,37 Agricultural products, cash income received from marketings of 23 Agricultural wages, loans 31,32 Air-conditioning equipment 51 Air mails 26 Airplanes 38,59 Alcohol, denatured, ethyl, methanol 38,39 Aluminum 52 Animal fats, greases 39,40 Anthracite industry 22,29,45 Apparel, wearing _ 28,30,57 Argentina, United States trade with; exchange; flaxseed stock 33,36,37,40 Asia, United States trade with 36,37 Asphalt 47 Automobiles 22,26,27,28,30,59 Babbitt metal 52 Barley 42 Bathroom fixtures 50 Beef and veal . --44 Beverages, fermented malt liquors and distilled spirits 41,42 Bituminous coal 22,30,45,46 Boiler and boiler fittings 50 Bonds, prices, sales, value, yields—. 35 Book, publication 54 Boxes, paper, shipping 54 Brass 53 Brazil, coffee; exchange, United States trade with 33,36,37,44 Brick 56 Brokers' loans 32 Bronze. 53 Building contracts awarded . 24,25 Building costs 25 Building materials 24,48,49 Business activity index (Annalist)— 22 Business failures 32,33 Butter _ 42 Canadian statistics 60,61 Candy 45 Canal traffic.-. _ 38 Capital issues 35 Carloadings 22,37 Cattle and calves 44 Cellulose plastic products 41 Cement 22,27,28,30,56 Chain-store sales 26,27 Cheese 42 Chile, exchange, United States trade with_ 33,36,37 Cigars and cigarettes 45 Civil-service employees 29 Clay products 23,27,28,30,56 Clothing . . . 24,28,30,57 Coal 22,29,45,46 Cocoa.. _ . _ 44 Coffee _. 23,24,44 Coke 46 Collections, department stores 26 Commercial paper 31,32 Communications 38 Construction: Contracts awarded, indexes 24 Costs... 25 Highways 25 Wage rates _ 30,31 Copper 52 Copper wire cloth 53 Copra and coconut oil 40 Corn 43 Cost-of-living index 23 Cotton, raw and manufactures 23,24,57 Cottonseed, cake and meal, o i l . . . 40 Crops 23,40,42,43,57 Dairy products - - - 23,24,42 Debits, bank 32 Debt, United States Government 34 Delaware, employment, pay rolls 28,30 Department-store sales and stocks 27 Deposits, bank 32 Disputes, labor 29 Dividend payments 35,36 Douglas fir 48 'Earnings, factory 29,30 Eggs 23,44 Electrical equipment 51 Electric power, production, sales, revenues. 22,41 Electric railways 36 Employment: Cities and States 28 Factory 27,28 Nonmanufacturing 29 Miscellaneous . 29 Emigration 38 Enameled ware . 50 Engineering construction 25 England, exchange; United States trade with 33,36,37 Exchange rates, foreign 33 Expenditures, United States Government 34 Explosives 39 Exports 36,37 Factory employment, pay rolls 27,28,29,30 Failures, commercial 32,33 Fairchild retail price index 23 Page 37 Fares, street railways 29 Farm employees 23 Farm prices, index 34 Federal Government, finance 25,29 Federal-aid highways 32 Federal Reserve banks, condition of 32 Federal Reserve member bank statistics 39 Fertilizers 59 Fire-extinguishing equipment , 25 Fire losses 39,45 Fish and fish oils 40 Flaxseed 48 Flooring, oak, maple, beech, and birch „_ 43 Flour, wheat Food products 22-25,28 .30,41 47,55 Footwear 25 Foreclosures, real estate 36,37 Foreign trade, indexes, values 51 Foundry equipment 33, France, exchange; United States trade with. 36,37 Freight cars (equipment) 27,59 Freight carloadings, cars, indexes 37 Freight-car surplus 37 23,42 Fruits 51 Fuel equipment Fuels ____ 45,46 49 Furniture. . 41 Gas, customers, sales, revenues ... 46 Gas and fuel oils 46 Gasoline 59 General Motors sales Glass and glassware 22,27,28 ,30,56 47 Gloves and mittens . . 34 Gold 26 Goods in warehouses . Grains. 23,24 ,42,43 Gypsum 56 48 Hardwoods 55 Heels, rubber 24,47 Hides and skins 44 Hogs 25 Home loan banks, loans outstanding 25 Home Owners' Loan Corporation 57 Hosiery Hotels 29 ,30,38 23 Housing Illinois, employees, factory earnings 28 ,30,31 37 Imports 34 Income-tax receipts 26 Incorporations, business 22 Industrial production, indexes , 27 Installment sales, New England—. 33 Insurance, life ._ 35,36 Interest payments . 32 Interest rates . 32 Investments, Federal Reserve member banks Iron, ore; crude; manufactures 22,49 Italy, exchange; United States trade with. 33. 36,37 Japan, exchange; United States trade with. 33, 36,37 Kerosene . . 46 Labor turn-over, disputes . 29 Lamb and mutton 44 Lard 44 Lead 52 Leather 22-24, 28, 30,47 Leather, artificial 53 Liberty bonds _.. 35 Linseed oil, cake, and meal 40 Livestock 23, 24, 43,44 Loans, agricultural, brokers', time, real estate 31,32 59 Locomotives 58 Looms, woolen, activity 46 Lubricating oil Lumber 22, 24, 27-29, 48,49 48 Lumber yards, sales, stocks Machine activity, cotton, silk, wool 57,58 Machine tools, orders .. 52 Machinery 27-29, 51,52 Magazine advertising 25 Manufacturing indexes . 22 Marketings, agricultural 23 Maryland, employment, pay rolls 29,30 Massachusetts, employment, pay rolls 28,30 Meats 43,44 Metals 22-24, 27, 28,30,,49,52 Methanol 39 Mexico: Silver production 34 United States trade with 36,37 Milk 42 Minerals._. 22, 45,52 Money in circulation 34 National Industrial Recovery Act, highway construction 25 Naval stores 39 Netherlands, exchan ge 33 New Jersey, employment, pay rolls 29,31 Newsprint 54 New York, employment, pay rolls, canal traffic _ 28, 29,38 35,36 New York Stock Exchange 34 Notes in circulation 43 Oats Oceania, United States trade with 36,37 Ohio, employment 29 38 Ohio River traffic Oils and fats 39,40 Page Oleomargarine *, 40 Paints „__ 40 Paper and pulp 22,23,28,30,53,54 Passenger-car sales index . 26 Passengers, street railways; Pullman..... . 37,38 Passports issued •_-. 38 Pay rolls: Factory 29 Factory, by cities and States 30 Nonmanufacturing industries . 30 Pennsylvania, employment, pay rolls 29,30 Petroleum and products 22,24,28-30,46 Pig iron m 22,49 Pork 44 Postal business „ 26 Postal savings 32 Poultry 23,44 Prices: Cost of living, indexes 23 Farm indexes „«. 23 Retail indexes . 23 Wholesale indexes 24 World, foodstuffs and raw material.. ... 24 Printing 22,54 Production, industrial 22 Profits, corporation . 34 Public finance 34 Public utilities 29,36 Pullman Co . ' 38 Pumps __„ 52 Purchasing power of the dollar * „ 24 Radiators 50 Radio, advertising 25 Railroads; operations, equipment, financial statistics 37,38,59 Railways, street 37 Rayon 57 Reconstruction Finance Corporation, loans outstanding „ 34 Refrigerators, household 53 Registrations, automobiles *__».59 Rents (housing), index ..... 23 Retail trade: Automobiles, new, passenger 26 Chain stores: 5-and-10 (variety).._„... 26 Grocery 26 Department stores —-. . . . 27 Mail order « . 27 Rural general merchandise .__.... 27 Roofing * 41 Rice 43 Rubber, crude; scrap; clothing; footwear; tires 22-24,28,30,55 Rye 43 Sanitary ware •-.-..-«.-50 Savings deposits . 32 Sheep and lambs • 44 Shipbuilding 22,27, 28,30,60 Shoes . . _ 22,24,28,30,47 Silk 23,24,54 Silver 22,34 Skins 47 Softwoods 48,49 Spain, exchange .... 33 Spindle activity, cotton 57 Steel, crude; manufactures . 22,49,50 Stockholders 36 Stock indexes, domestic and world ...... 23 Stocks, department stores ....... 27 Stocks, issues, prices, sales, yields.. 36 Stone, clay, and glass products 22 23,27,28,30,56 Sugar 23,24,45 Sulphur 39 Sulphuric acid 39 Superphosphate 39 Tea 23,24,43 Telephones and telegraphs . -_ 38 Terneplate 51 Terra cotta 56 Textiles, miscellaneous products . 58 Tile, hollow building -_ 56 Timber 48,49 Tin and terneplate 23,24,51 Tires __ _ 22,24,28,30,53 Tobacco 22,25,28,30,45 Tools, machine . -52 Trade unions, employment .29 Travel _— 38 Trucks and tractors, industrial electric ; _ . 60 United Kingdom, exchange; United States trade with 33,36,37 Uruguay, exchange . 33 United States Steel Corporation * . . _ 31,36,51 Utilities 29,30,34,35,41,59 Vacuum cleaners 53 Variety-store sales index .26 Vegetable oils 39,40 Vegetables _ - — . - 23,42 Wages _ . - 30,31 Warehouses, space occupied ., 26 Waterway traffic .— 3$ Wheat and wheat flour 23,24,43 Wholesale prices •„.. 24 Wisconsin, employment, pay rolls >mmm 29,30 Wood pulp. 53 Wool . . 22,58 Zinc 22, 52 Trade Review of Canada ISSUED MONTHLY BY DIVISION OF REGIONAL INFORMATION BUREAU OF FOREIGN AND DOMESTIC COMMERCE, DEPARTMENT OF COMMERCE A general review of the changes in Canadian trade and industry from month to month, compiled by representatives of the Departments of Commerce and State in the Dominion's principal commercial cities. The review covers new factors in buying power promptly, and in greater detail than any other Bureau publication. It discusses trends in the agricultural, mining, forest products, and manufacturing industries, as well as finance, foreign trade, commercial legislation, and any special developments which affect the merchandise exchange with the United States. • A SAMPLE COPY WILL BE MAILED ON REQUEST • TRADE REVIEW OF CANADA: Subscription, $1 per year (foreign $2) in advance. Remittances in payment of subscriptions may be submitted directly to the Bureau of Foreign and Domestic Commerce, Washington, D. C, or through any of the Bureau's District Offices located in principal cities. U. S. GOVERNMENT PRINTING OFFICE: 193S