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 .
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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