Full text of Survey of Current Business : December 1936

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DECEMBER 1936

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
VOLUME 16

NUMBER 12

CONTENTS
Volume 16 of the SURVEY OF CURRENT BUSINESS
Special Articles
Commodity Prices, 1930-35
Development of Retail Sales Indexes
8...
Progress of the Aeronautics Industry
Construction Trends and Related Factors
An Estimate of the Volume of Wholesale trade
in the United States, 1899-1935
Farm Equipment Business Recovers Rapidly. . . .
Expansion in the National Income Continued in
1935
Regional Sales of General Merchandise in Small
Towns and Rural Areas
Progress of the Domestic Rayon Industry
Plastics—Products of Ever-Widening Utility....
Summary of the Retail Census of 1935

Tables of New and Revised Statistical
No.

Page

1
2
3
4

4
16
16
16

5
6

16
16

7

14

9
10
11
12

14
14
14
14

Tables of New and Revised Statistical Series
Admitted assets of United States life insurance
companies, 1923-36
Advertising, magazine, 1933-34
Annalist index of business activity, January
1923-August 1936
Automobiles and visitors arriving at National
Parks, 1919-36
Babbitt metal (white-base antifriction bearing
metals): Production and sales, 1933-35
..
Brokers* loans, 1929-35
Construction contracts awarded in 37 States, by
classes, 1935
Corporation earnings indexes, unadjusted and
adjusted, by quarters, 1924—36
Cost of living in the United States, by major
items, 1914-36
Department store sales indexes, unadjusted and
adjusted, 1919-36
Earnings, weeklv and hourly, and hours of work
(25 industries); July 1914-June 1920-August
1936
Employment in Iowa, 1922-36
Employment and average hourly wages—Class I
railways, July 1921-August 1936
Employment and pay rolls in manufacturing industries, January 1933-September 1935
; Employment and pay rolls, factory, Wilmington,
Del., January 1923-August 1936.
Employment indexes on Class I steam railways in
the United States, 1923-35




12
2

18
19

10

20

12

20

7
3

20
19

5

19

9

19

12
9
9

19
19
19

10

17,
18,19
12
20
11

20

1

16

11

20

4

20

Series—Continued;

Failures, commercial, by divisions of industry,
1934-35
Federal Home Loan Bank Board lending activities, by agencies, December 1932-February 1936.
Futures, total volume of trading (wheat and
corn), 1921-35
Gas, manufactured: Customers, sales, and revenue, 1929-35
Gas, natural: Customers, sales, and revenue,
1929-35
Income of Class I steam railways, 1931-35
Internal revenue collections from specified
sources, July 1932-December 1935
Internal revenue tax receipts from sale of products
(future delivery), 1918-35
Interest rates charged customers by banks in
principal cities, 1919-35
Life insurance written, January 1913-September
1936
Life insurance premium collections, January
1913-July 1936
Lumber: Production, shipments, and stocks, January 1934-November 1935
Obligations fully guaranteed by the United
States, amounts outstanding by agencies,
October 1933-May 1936
Powdered milk production, 1918-36
Prices, foodstuffs and raw materials, indexes,
1920-35
Profits of corporations, 1928-35
Reconstruction Finance Corporation, loans outstanding, 1932-36
Reserves above legal requirements of reporting
member banks of the Federal Reserve System,
September 1931-June 1936
Sales of stocks and bonds on all registered exchanges and on the New York Stock Exchange,
October 1934-February 1936
Securities effectively registered with the Securities and Exchange Commission, September
1934-December 1935
Stocks of grain, January 1927-April 1936
Stocks of foodstuffs and raw materials, indexes,
1920-35
Total visible stocks of silk, January 1923-June
1936
Weekly business indicators, 1934-35
Yields on 200 common stocks (weighted average),
1929-36

No.

Page

5

20

4

19

3

20

6

20

8
4

14
20

2

20

4

19

3

19

11 17,18
11

19

2

20

7
9

20
18

5
8

19
15

9

20

7

20

4

20

3
6

20
19

5

20

7
20
1 15,16
9

18

UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ALEXANDER V. DYE, Director

SURVEY OF
CURRENT BUSINESS
Prepared in the

DIVISION OF ECONOMIC RESEARCH
ROY G. BLAKEY, Chief
M. JOSEPH MEEHAN, Editor

Volume 16

Number 12

DECEMBER 1936

CONTENTS
STATIST1GAL DATA—Continued

SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Graphic comparison of principal data
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Transportation
Review of the—
Automobile and rubber industries
Iron and steel industries
Textile industries

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

SPECIAL ARTICLE

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

..

,

,

Page
22
23
24
25
21
31
36
37

39
41
42
45
47
48

S u m m a r y of the retail census of 1935

STATISTICAL DATA
Revised series:
Admitted assets of United States life insurance companies, 192336; cost of living in the United States, by major items, 1914-36;
passenger automobiles and visitors arriving a t national parks,
a n n u a l l y , 1919-32, m o n t h l y , 1932-36; empl oyment in Iowa,
1922-36
18, 19, 20
Weekly business statistics t h r o u g h November 28

21

Metals and m a n u f a c t u r e s :
Iron and steel
Machinery and a p p a r a t u s
Nonferrous metals and products. ,
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
General index

Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, 33, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington. D. C.

108290—36




1

49
51
52
53
55
56
57
r. 58
60
Inside back cover

SURVEY OF CURRENT BUSINESS

December 1936

Business Indicators
1923-25=100
INDUSTRIAL PRODUCTION
125

r

FACTORY EMPLOYMENT AND PAYROLLS

• •

125

\
A

100

100

\

EMPLOrM£Nr (Adjusted) ®
\

75

V

Adjusted ®

50

25

25

0

\
RAY'ROLLS ( ^Unadjusted)

0

M 111111111
i i i I I 1 i 1 l I 11111111111
1

CONSTRUCTION CONTRACTS AWARDED

FREIGHT CAR LOADINGS
125

100

100
LCX. (Ad/t/sted)^
\

\

75
^

50

HMll.f.U

i iiIi | II i i I

125

75

*~

\~>

\

50

.

K

75

\

^

50

WTAL (Acijusted) *

25

25
0

1 ! II 1 1 1 1 1i I1i i1I 1 I i I 1 i ! 1 1 1 1 ! 1 1 1 1 1

j

0

i i i 11 I i i 111 I n m I 11111

DEPARTMENT STORE. SALES

WHOLESALE PRICES

125

25

s

100

•

100

>

^^

75

75

TOTAL
(Adjusted) 9

50

50

25

25

0

i iiiIIi1 1 I 1
i i II 1 1 I 1 II1 |1|

I ) 1 Il

i l t

N|\

0

*

.^-1

-**J

*»+**r

FARM

******

* ^ ^ 1

PRODUCTS

I I 11 1 1 I M 11 11 1 1 1 ! 1 I ! 1 1
1 1 1 1 1 1 1 !1I 1

FEDERAL RESERVE MEMBER BANK L O A N S *
150

ALL CO MMOl 1/T/ES
^
a_|L,>

\

BANK DEBITS OUTSIDE NEW YORK CITY

i5or

125

125

100

\

100

\

75
50

ot

I929!30'3i '32'33

TOTAL-

75

1

T

'ALL OTHER
L
i—
i iA/ i i/ I nrt
i i i i i

1934

50
(Commercial)
11111i111 i i i

1935

ADJUSTED FOR SfASOA'AL VAR/AT/ON



V

V

1936

oL

!929'30'3l "hVll

^XERORT/NG MEMBER BANKS

1 1 1 I! 1 1 I 1
1 1
1 1
1 111 1 1
11
1 11
1 1
M II 1 I 1 1

1934

1935

1936
DO. 8619

J.M

SURVEY OF CUKRENT BUSINESS

Business Situation Summarized
activity so far during- the final quarter
BUSINESS
has evidenced a continuation of the improvement

considerably improved, not only in comparison with a
year ago, but also with any period back as early as
which has characterized the current year. Industrial 1930.
production has been sustained at the best level attained
During November, there has been no evidence of a
since 1929, expanding employment has reduced the slackening of the pace of manufacturing activity.
number without work, and the income of employees Automobile production is moving ahead rapidly and
has been further increased; farmers' income is markedly steel output is holding at a rate only slightly lower
higher than a year ago despite some recession on a than in October. Lumber production has declined as
seasonally adjusted basis from the high reached in a result of the maritime strike which has tied up
midsummer; the volume of freight traffic has held at shipping activities on the west coast.
better than seasonal levels; and retail sales reports
Construction activity is still increasing, although
give promise of the best Christmas buying period in weather conditions may be expected to hamper opera7 years.
tions shortly. Privately financed building contracts
The volume of manufacturing output in October through October have not shown the customary seawas seasonally larger than in September. The major sonal decline. Current rates of operations in many
gain was in the iron and steel industry where the industries and the rising trend of corporate earnings
recovery peak of operations reflected continued ad- have focused increasing attention on the need for exvances in the machinery, railroad equipment, building panding production facilities. While building activity
materials, tools, and other capital goods industries, generally has been slow to recover, the lag in commeras well as the resumption of assemblies by leading cial, industrial, and public-utility construction, despite
automobile manufacturers. The consumers' goods in- some progress this year, has been even more pronounced
dustries generahV continued to operate at a high rate;
Prices of commodities throughout November have
textile mills are unusually active, although the sea- been buoyant, reflecting the increased industrial desonally adjusted index of production for this industry mands as well as the tendency toward higher costs.
was lower than in September. The disparity between The stock market has been exceptionally active during
the output of durable and nondurable goods is grad- the month, but prices have made no further progress
ually being lessened and the situation at present is after moving higher for 6 months.

MONTHLY BUSINESS INDEXES
III

929-31
= 100

Monthly average, 1923-25=100
1929: October
1930: October
_
1931: October
1932: October..,.
1933: October
.
1934: October
1935:
October
November
December
1936:
January
February
March
April
May....
June
July
...
August
...
September

October

M o n t h l y average,
January
through
October:
1934
1935

121
90
75
69
78
75

119
87
72
67
76
73

127
105
90
80
89
87

118
88
73
67
76
74

118
86
71
66
76

116
95
83
74
81
81

105.5
85.8
72.9
63.0
77.9
76.8

112.4
82.2
61.3
44.5
59.1
60.6

97
97
96

96
98
95

100
95
96

95
96
101

95 [ 93
92
97 !
101 ] 101

83.7
84.8
85.6

95
95
96
103
105
104
104
106
107
110

95
93
97
105
105
105
105
106
107
110

99
106
89
94
100
100
101
104
109
113

97
94
93
100
101
104
108
108
109
109

96
92
93
100
101
105 i
109
110
110
110

SO
89
103

86
89
103

86
90
102

103
110
95
105
101
99
101
98
101
103

is
a

Monthly average, 1923-25=100

104
93
83
69
66
63

111
101
85
68
70
74

126.6
90.4
65.8
63.2
79.9
89.1

114
71
44
33
42
45

119
75
51
32
46
39

163.2
120.0
91.9
62.6
66.0
73.3

107
78
55
29
37
31

74.3
73.7
75.6

64
64
66

78
82
83

104.6
103.7
109.8

48
62
56

58
52
58

85.4
84.6
94.7

48
60
67

84.8
83.8
84.2
84.9
85.8
86.3
87.6
88.9
88.9
89.5

71.9
72.0
75.5
77.2
78.5
78.7
77.8
81.1
81.1
86.5

64
62
62
63
64
66
67
67
67
66

81
83
84
84
87
87
91
87
88
90

96.3
93.0
106.7
109.9
113.3
112.4
114.7
111.9
123. 6
127.1

51
53
51
53
56
55
54
51
55
57

57
60
55
58
58
62
65
62
70
64

88.7
80.0
90.6
88.7
86.2
95.7
94.4
86.7
89.1
103.1

61
52
47
47
46

79.1
81.7
86.5

61.5
68.5
78.0

104
86
69
57

512
59
62
59
58

u5 |
4

I8

Unadjus

h

ction contra
value, ad jus

' | Cash farm
11 income 1

Cons
ty

Imports

O

Rural, general merchandise

i

epartment

!1

Adjus

:

Adj sted

Year and month

ount of pa
unadjust

:

Adjusted

r of mploy
adju ed J

Unadjusted 1

ls,

Retail sales
Factory em- FreightForeign
ployment
value,
trade, value,
and pay rolls car loadings
adjusted
adjusted 2
MerchanTotal dise,
1. c.l.

Industrial production

Monthly
Monthly
average,
average,
1924-29=100 1926-100
95.1
83.0
70.3
64.4
71.2
76.5

151.5 102.5
98.5 75.5
65.5 51.0
50.0 38.5
67.5 48.5
81.5 59.0
95.0 69.0
79.0 69.5
72.5 67.0

80.5
80.6
80.9

65.0
53.0
59.5
58.5
64.0
69.5
84.0
75.0
89.0
105.0

80.6
80.6
79.6
79.7
78.6
79.2
80.5
81.6
81.6
81.5

66.5
63.0
67.5
69.5
72.5
80.0
88.0
74.5
77.5
76.5

i

 1 Adjusted for number of working days.


» Adjusted for seasonal variation.

76.0
91.0
104.3

69.4
78.5
90.2

58.6
61.7
72.3

• From marketings of farm products.

74.6
80.0
HO. 4

SURVEY OF CUKKENT BUSINESS

December 1936

Graphic Comparison of Principal Data
FIRST 10 MONTHS

V/////A

REMAINDER OF YEAR

BANK DEBITS OUTSIDE NEW YORK C I T Y — (BILLIONS OF DOLLARS)
0

1936
1935
1934
1933
1932
1929

u
H

50

i(

>0

2,50

2()0

3 00

•

—

—

(INSTRUCTION CONTRACTS AWARDED — (B/LL/ONS OF DOLLARS)
0

J.\

c

1

1935
1934
1933 —
1932
19 29

—
STEEL INGOT PRODUCTION — (MILLIONS OF TONS)
0

19 36
1935

1

1 934
1933
1932
19 29 —

20

10

0
19 36
19 35
19 34
1933
1932
1929




50

-

(D

1929

40

F
AUTOMOBILE:

19 36
1935
19 34
19 33
1932 =

30

PRODUCTION- -(MILLIONS
>

or CARS)
iV

I
i

—jmm

!

—

FREIGHT CAR LOADINGS — (MILLIONS OF CARS)
10
30
20
4

50
|
i

—
WT///////A
O.D. £638 JM

SURVEY OF CURRENT BUSINESS

December 1936

Commodity Prices
witnessed the broadest advance in
N OVEMBER
commodity prices since 1933. With nearly every
important group participating in the upward movement,
the Bureau of Labor Statistics' weekly combined index
of 784 price series stood at 82.6 on November 28
(1926 = 100), or 1.7 percent higher than in the week
ended October 31. In this 4-week period raw materials advanced 1.5 percent; semimanufactures 4.6 percent; and finished products 1.5 percent.
Conspicuous among the commodities showing advances were grains, livestock, foods, textile products,
raw silk, wool, leather, hides, pig iron, nonferrous
metals, and crude rubber—a number of them reaching
the highest figures in several years. Advances in steel
prices on December 1 were announced also.
The November advance in wholesale prices was in
rather sharp contrast with the practically sidewise
movement of September and October. Most of the
important industrial commodity groups advanced moderately in October but the substantial price decline in
the heavily weighted food group—especially the sharp
decline in meats—offset the advances in the other
2.TOUP3.

Wholesale prices have continued to strengthen in
most of the major foreign countries; sharp advances
have occurred in those countries which have recently
devalued their currencies.
Farm prices generally changed relatively little in
November, but the Bureau of Agricultural Economics
review suggests that most of them will probably
advance seasonally during the next few months, though
hog prices will probably rise more than seasonally
while wheat may be affected by increased supplies
from the Southern Hemisphere.
The substantial November price advances were not,
of course, reflected in the National Industrial Conference Board's cost of living index issued the first of
that month. This index declined 0.2 percent from
September to October because of the 1.7 percent
decline in retail food prices. Price advances were
shown, however, by each of the other constituents of
this index—rents, clothing, coal, and sundries. Living
costs were 3.3 percent higher than in October 1935,
but 15.3 percent lower than in October 1929.
Fairchild's index of retail prices of departmentstore articles advanced for the fourth consecutive
month, reaching 90 November 1.

INDEXES OF COMMODITY PRICES
Wholesale Prices (Department of Labor)

rt

s

hit

13

Other
prod i

Meats

!8

Foods

Farm

i

Grain*

O

S

JS

X

X

iscelianeous

|g'

3

a

3'
u

•e

11
etals and
pro due

eri

1

des and leai

£•8

Year and month

3

Groups and subgroups

ouse-furn
goods

jJEconomic classes'!!

tin

£2

Retail Trices

3

is

un

SB
£•0

Is

l
Ill

ill

H

Dec.

Mo.
Mo.
Mo.
1930
average, average, average, (Jan.
1923=
1909-14 1923-25 1931) =1,
100
== 100 = 100
100

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

104. 0 90 1
82. 5 72 1
58.8
46.9
55.7!

10, 6
97 S
79 ( r

01 7 0f( S

102')
193-)
1931.
10,2:
V)
4:

95.1
83. 0;
70. 3
64. 4
71.2
76. f>

94. 2
85. 4
75. 1
09. 6 {
75. 41
79. 2|

97.1
79.9J
61.5
54. 6
61.8
72.1

94.7|
70. 81
65. 2
60.7
72.8
71.5

October
No "^mbor_
December
1936:
January, __
February
March
_
April....
May
June
July
August

80.,
80.'
80.'

82.7
82.7
83.1

77.1
77.2
77.7

76.3 78.21 86.4 i 85.0, 97.111 78.3! 86.1 81.1 73.4 93. 6| 80.6 86.51 72.9 67.5!
76.2 77.5ii 77.9 ! 85. li 94. 3! I 78.8! 85.8 81.2! 74.5! 95.0| 81.0 86.9! 73.4 67. 4i
75. 2| 78.311 70. 6! | 85.7 97. 5j| 78. 7| 85.5 80.61 74.61
61 95.4 81.0 86.8 j 73.2 67. oj

83.0
83.4
83.9

1091
108 s
110

80. 51
81. 5!
82. 0|

87.6
S8.0
88. 2

80. (
82.4
8O.1
82.2
79.i
81.3
79.'7
81.6
78.'6
80.5
79. 2! 80.7
80. 5»
J
81.6
] 81. 6! 82.4
j 81. 6J 82.8
• 8 1 . 5 :83.0

78.1
79.1
77.4
77.0
75.8
77.6
79.8
81.5
81.8
82.1

74.8 78. 2 78.9! 83.5 94. 9 j 78. 81
74. 6 i 79.5 78. 3! I 83.2 92. IN 79. Oj
74.41 76.5 75.6|i 80.1 89. 71! 78.9
74. 5 j 76.9 73. 911 80.2 91. 0| 78.9
74.1| 75.2 70.6! 78.0 85.11 78.8
73.9 j 78.1 73.o! 79.9! 85.11 78.8!
75.2' 81.3 88.9 81.4! 84.9 79.5'
75. 6 83.8 102.4 83.11 86.41 79.7
75. 9 84.0 102.0 83.3 87.311 79. 6
76.2 84.0 102.1 82.61 8 4 . 1 80.1

83.9
83. 5

109
109
104
105
103
107
115
124
124
121

81. 7l
80. 6 i
79.5
79.7
79. 9
83.8
84. 0
84. 0
84.3
82.8

88.3
88.3

78.0
82.2
81.

67.9
76.9
79.0

73.0 64.2 71. 8| 69.
73.1 78.8 83.5 83.
74. 9! 79. S 84.6! 81.

September
October

.

Monthly average, January
through October;
1934".
1935
1936

I
j
74.6!
79.9
8O.4


1
Revised. See p . 20 of t h e


N o v e m b e r 1934 issue

70. 61

110 3

% 71

71 1
"• 4

^

s 2 "> h i ()l
1 s , :i 7 |
<) (>' SI 2l

-^ 0
77 1
70 J | .

71 s

85. 71 80.5
85. 51 80.1
85.3 79.3!
85.7 78.5J
85.8 77. 71
85. 8 78. 0J
86. 7 79.41!
86. 9 79. S
87. 1 81. 7
87.3 S3.3

75.1|
76. 1
76.2
76.4!
76.0!
76.11

76.2
76. 3
76. 1
76.8

97. 1 81.4
96. 1 81.5
94.9 81.4
94.6 81.5
94.0 81.5
93.8 81.4
93.4 81.2
93. 61 81.4
94. 6i 81.7
95.6 82. 0

86. 7
86.7i
86.6|
86.6!
86. 31!

86. 2
86. 9
87.1
86.8
86.9

71.7
71.0
70.8
70.2
69.8
69.7
70.5
70.9
70.9
71.6

67.81
68.1
68.31
68. 61
69. 2S
69.7!
71.o!
71.5!
71.3|
71.51

Jlh. i
101 >>

61
7s
10 >

83. 2!
83.4!
83.81
85. 1
85.2!
85.6!
85.9!
85.7

88.1
88. 1
88. 1
87.9
88. 1
88.5
89.3
90.0

79.2
88
73.8
73.5J 69.;
88.5
i 61.8 78. 41 8 6 . 5 7 5 . 773.2 87.7| 81.6
82.4!
107
80.2
86. 3
| 94.2 77.71 85.2 80.3 73.4 88.5 80.6 86.3 70.4 68. i
79.2!!
86.2
79.
86.7!
70.7
6
9
.
'
84.
5!
112
82.0
88. 1
76. l! 94.81 81.5
88. 5
3
Index is as of the 1st of the following month.
2 Middle of month This is a new series, see p. 23.

SURVEY OF CURRENT BUSINESS

.-r 1930

Domestic Trade
in retail sales has been one of the
EXPANSION
bright spots in the business picture in recent weeks.
With the advent of the Christmas buying season sales
have advanced sharply, and it is generally anticipated
that this period will bring the largest volume of general
merchandise sales since 1929. In rural areas, sales
may very well exceed the 1929 totals, on a volume
basis at least, since this Bureau's seasonally adjusted
index of dollar sales of general merchandise in rural
areas (based on figures of mail-order and rural chainstore sales) in October was already above the December
1929 figure. Department-store sales, which reflect the
trend of purchasing in the cities, are not expected to
exceed the 1929 figure in dollar volume, but with prices
down about a fifth, the physical volume may well top
the 1929 results.
Merchants and retail associations generally have
been inclined to revise upward their estimates of the
probable sales gain over a .year ago for the Christmas
period and have been placing additional orders with
the wholesalers and manufacturers on this basis.
This more optimistic appraisal has been influenced to a
considerable extent by the wave of year-end wage
increases, bonus distributions, and extra dividends,
which will afford an important sales stimulus missing
in recent years. Such actions are of great importance
to retailers because a considerable part of the funds,
and particularly the wage increases, will flow into
retail sales channels.

For October, the latest month for which actual sales
data are available at this time, retail-store sales increased by more than the usual seasonal amount.
The adjusted index of department-store sales advanced
2 points to 90, the best figure of the year with the
exception of July, when the payment of the World
War veterans' bonus was an important Influence.
The percentage gain for department stores over
October 1935, without allowance for the extra Saturday this year, was 16 percent, with the Cleveland,
Chicago, St. Louis, and Dallas areas reporting increases
of more than 20 percent.
Sales through variety stores, while substantially
above those of October 1935, increased from September
to October by somewhat less than the usual seasonal
amount. Sales of chain food stores increased moderately in comparison with a year ago. but these data
indicate that a smaller proportion of the enlarged
volume of consumer income is going for food purchases
now than a year or two ago. A larger percentage of
the income is being used for the purchase of luxury and
semiluxury goods, and particularly for consumer goods
of the durable type, such as furniture, mechanical
refrigerators, and automobiles. Sales of the lastmentioned article for the balance of th*r year will be
limited only by the ability of the manufacturers to
make deliveries. A test of the actual market for the
automobile industry will not occur until :be first half
of the next calendar year.

DOMESTIC TRADE STATISTICS
Wholesale
trade

Retail trade
Department stores
Sales

Year and month

Chain-store sales

Stocks«

Unad- Ad| just- just! edi
ed 2

Unad- j Adjust- justed i | ed 3

Monthly average, 1923-25=100
1929:
1930:
1931:
1932:
1933:
1934:
1935:

1936:

October
October
October
October
October
October

122
112
94
75
S2

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

'

Monthly average, January
through October:
1934.
1935
1936

101
92
81
61
70
64

M o n t h l y average, 1929-31 = 100
31 = 100
—I
120. 0
I 111.5 I 109.9
154.0
126.6
" 102.1
02.6
110. 3
100.6
90. 4
92.8
80. 3
38.5
91.4
65.8
82
81.3
77. 1
22.3
80. 1
03. 2
86
86.9
97.."
42.7
8r). 6
79.9
92
91. 3
108.7
47.3
90.0
S9. 1
100
100
103

93.4
95.1
178.4

63
66
77
85
89
84
63
68
94
99

99
101
102
103
108
110
109
110
109

67.
73.
80.
95.
96.
98.
97.
86.
97.
101.

i Corrected to daily average basis.
Series revised. See note on p. 32.

8

112
101
89
67

Avg. same
mo. 1929-

91
145 |

.




111
101 1
85
68
70
74

Combined
index*

Rural sales
New passenGeneral
mer- ger-car sales
Variety stores
chandise
Unad- | Ad- Unad- Ad- Unad- Adjust- l just- just- just- just- justed i
ed» i ed »
ed i
ed i
ed*

Commercial
failures J

92
96
105

82.6
82.9
89.6

»Adjusted for seasonal variations.

92.0
93.7
96.7
90.8
88.0
93.3
95.2
96.8
104.0
109.2
97.7
102. 4
100.2

Employment

Pay
rolls

Monthly average, 1929 = 100

Failures

Liabilities

ber

] Thou! sands
of dolls.

141.0
76.0
46.5
28.0
53.5
59.0

102, 9
93. 1
84.2
76. 2
81. 7
84! 3

102.7
92.0
77,9
GO. 8
•.•2.4

53.3
96.6
90.6

82.0
113.5
106.5

85.7
86.4
86.8

66.8
66.9
68.6

1,056
898
910

96.3 , 69.3
84.2 ! 93.0 , 65.5
99.2 ! 106.7 ! 117.8
; 105.5
109.9
142. 3
i 106.5 i 113.3 ; 138.6
' 106.2 I 112.4
139. 3
,
114.7
88.3
117.3
'
111.9
96.2
92.9
: 122.3
123.6
71.0
| 155.1
127.1
55.6

102.0
89.5
101.0
93.5
93.5
109.5
104.5
92.0
83.0

85.6
85.0
85.6
85.7
84.6
84.6
85.4
86.2
87.7
89.1

66.6
66.6
69.0
67.9
68.2
63.4
69.0
69.6
70.6

1,077

82.3
83.5
86.0

(1. 6
(>5.1

127.6 104.6
127.6 ; 103.7
155.9 • 109.8
79.9 i

76.0 :91.0
104.3 i
» End of month.

! 62.4
S 81.7
' 101.0

810

m. 8

< See note on p. 26 of this issue.

1,167
X039 :

856
946
830
832
773
639
655
586
fJl

27. 254
16, 973
17,185
14,384
15, 686
18,104
14,089
16,271
14,157
15,375
9,177
9,904
8,271
0. 819

991 i 19,884
970 i 15. 294
781 ' 12,343

SURVEY OF CURRENT BUSINESS

December 1936

Employment
and pay rolls expanded further in
EMPLOYMENT
October, according to data regularly compiled by

census data, i. e., those for 1933. These adjustments
have raised the indexes for years subsequent to 1933
the Bureau of Labor Statistics. The rise in employ- by relatively the same amount as the 1933 figures are
ment continued the succession of increases that have raised. Thus, for employment, the October figure
been reported each month since February. Between becomes 96.5 instead of 92.1 as it would be on the old
mid-September and mid-October, 220,000 additional basis, and the pay-roll index becomes 88.9 instead of
workers were engaged by various industries, and weekly 86.5. The revised indexes without adjustment for
pay rolls were $16,300,000 higher. In comparison with seasonal variation, which extend back to 1931, will be
a year ago, employment in these industries has increased published in the 1936 Supplement to the SURVEY OF
by more than 1,000,000 workers.
CURRENT BUSINESS. The indexes, adjusted for seaThough this figure does not measure the full extent sonal variation, will be given in the January 1937 issue.
of reemployment during the year, it may be noted that In this number the unrevised series are presented for
the number without private employment is still very the last time.
large. In the absence of official data on the unemIn commenting on its general revision, the Bureau
ployed, the more than 6% million persons with active points out that the "* * * index shows that the
applications on file with the United States Employment declines in factory employment and pay rolls in all
Service give some indication of the probable size of this manufacturing establishments from 1931 to 1933, as
figure.
revealed by the Census of Manufactures, were not so
The present upward trend of employment and pay great as those indicated in the monthly figures of the
rolls should extend at least through the end of the year, particular manufacturing establishments reporting to
since the anticipated sharp gain in retail sales will the Bureau of Labor Statistics in those years."
require the employment of a large number of temporary
Of the S9 manufacturing industries surveyed, 70
workers. An additional factor bolstering pay rolls reported gains in employment in October as compared
will be the wage increases recently announced b}r a large with September. Employment in the durable-goods
number of corporations, although the increases made industries was up 4 percent, employment in non-durableso far affect only a small proportion of all wage earners. goods industries was 1.1 percent lower. In addition to
In accordance with the usual procedure, the Bureau the substantial gain shown in factory employment, 10
of Labor Statistics has revised and adjusted the factory of the 16 nonmanufacturing industries from which
employment and pay-roll indexes to the latest available data are regularly collected recorded gains in October.

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
1935:
October
November
December
1936:
January
February
March
April
May
June
July....
August
September
October
Monthly average,
January through
October:
1934
1935
1936
1

Nonmanufacturing employment and pay rolls
Wages
(Department of Labor)
TradeElectric light i j Telephone
Anthracite Bituminous
Pay
and power
and teleFactory»
Employment
Retail trade j Union
mining
coal mining and manumem- j
graph
rolls
bersem-i
factured gas
ployed |
Em- Pay Em- |
Em- Pay
Average Average
EmEmUnad- Ad- i Unad- ployPay
ployweekly hourly
justed justed' justed ment
Ploy- roUs
U
merit
ment rolls
rolls £25
learnings earnings
Percent
Monthly average,
Monthly average, 1929=100
Dollars
of total
1923-25«100
members
103.2
92.6
78.9
59.7
61.6
61.9

29.22
24.82
20.93
16.81
19.50
20.00

.593
.585
. 554
.474
.542
.593

40
39
35
32
37
41

74.9
74.9
75.6

83.8
84.6
92.9

63.2
63.4
69.3

23.13
23.32
23.38

.602
.605
.604

42
42
41

75.0
76.2
77.2
76.0
78.5
77.4
79.9
81.0
S3! 2

80.4
79.7
81.9
85.2
85.0
85.5
83.2
82.4
86.8
88.6

62.1
61.6
63.5
65.3
65.8
66.4
65.1
64.4
66.6
68.3

23.40
23.14
23.67
24.33
24.41
24.45
24.23
24.66
25.11
25.50

.608
.611
.613
.616
.617
.617
.616
.619
.619

40
38
37
38
42
42
42
41
42
42

70.4 ! 71.2
70.1 I 74.3
71.9 I 78.3

81.0
81.0
83.9

60.3
61.2
64.9

20.06 !
22.07 i
24.29 I

.579
.599
.614

42
41
40

105. 5
85.8
72.9
03.0
77.9
76.8

112.4
82.2
61. 3
44. 5
59.1
60.6

106.1
99.0
86.8
63.9
56. 9
58.5

133.9
117.2
91.1
66.7
61.6
48.3

98.8
91. 8
81.3
67.0
68.0
79.3

106. 8
79.4
56.2
37.8
44.1
57.6

105.7
104.8
92.7
79.9
82.2
85.8

106. 0
105.6
93.2
74.4
76.2
80.6

85.3
85.0
84.6

83.7
84.8
85.6

74.3
73.7
75.6

58.8
46.6
57.3

55.9
28.4
55.4

74.3
76.1
79.1

69.8
65.5
69.5

87.4
87.6
86.8

84.4
83.4
86.0

70.0
69.8
69.6

82.9
83.1
84.1
85.1
85.7
86.0
86.8
89.0
90.6
92.1

84.8
83.8
84.2
84.9
85.8
86.3
87.6
88.9
88.9
89.5

71.9
72.0
75.5
77.2
78.5
78.7
77.8
81.1
81.1
86.5

59.1
61.2
52.5
49.8
54.9
51.2
48.4
41.1
47.6
49.9

54.4
76.7
42.6
28.6
56.3
42,0
37.2
31.4
34.9
48.5

80.2
80.4
77.5
76.2
75.7
75.5
76.8
78.1
81.2

70.6
78.4
70.2
62.6
62.2
61.5
62.6
65.8
71.0
79.7

86.1
86.1
86.8
88.0
89.0
90.4
91.7
93.5
93.4
94.3

84.8
84.7
85.9
86.2
87.0
88.1
89.8
89.9
90.6
93.1

70.1
69.9
70.2
70.8
71.6
72.1
73.1
73.5
73. 7
73. S

61.5
68.5
78.0

59.3
53.5
51.6

56.8
48.6
45.3

76.7
76.5
78.1

53. 5
56.4 1
68.5 1

83.7
i t. (
80.8
84.3
89.9 ' 88.0

Adjusted for seasonal variation.

3
National Industrial Conference Board.



Cents
per
hour

102.0
95.6
85.2
76.3
83.3
82.6

107.7
87.7
74.4
64.4
79.6
78.4

81./

Common
labor
rates
(road
building)*

101. 9 105.1
94.5 100.9
84. 1 91.6
76.2
75.7
68.7
67.0
70.3
74.9

83

« Beginning 1934 data compiled from Public Works projects, prior years from Federal aid and State projects.

SURVEY OF CURRENT BUSINESS

December 1936

Finance
of at least three important factors
A•COMBINATION
has stimulated the stock market to unusual activity during November, although the price rise of recent
months has not been extended. Increasing industrial
earnings as reflected in initial dividends, the resumption
of dividends, and increased dividend rates; the declaration of substantial extra dividends by numerous corporations under the apparent influence of the surtax on
undistributed earnings under the provisions of the
Revenue Act of 1930; and the marked interest of
European and other foreign investors in the American
market, partly because of political uncertainties
abroad, all have concentrated unusual attention on
share activity during recent weeks.
In view of the comparatively small difference between
United States receipts and payments on account of
trade and service transactions in the balance of international payments, the net inflow of gold reflects in
general the volume of foreign funds entering our security markets. During the first half of 1936 the net inflow
of gold, including earmarking operations, aggregated
$473,000,000, while the estimated net inward movement
of short-term and long-term capital funds amounted to
$493,000,000. Although the latter included the repatriation by foreigners of a substantial volume of foreign
dollar bonds held in this country and possibly, to a small
extent, the conversion into American securities of
American-owned funds repatriated from foreign money
centers, it is certain that the major part of the inward
gold movement had its counterpart in the purchase by
foreigners of American stocks and bonds. Since the
middle of the year, the net inflow of gold (including

earmarking operations) has exceeded $450,000,000.
Within our banking system the immediate effect of
the continued gold imports has been an increase in the
excess reserves of the member banks. From the
middle of August, when an increase of 50 percent in
member bank reserve requirements reduced excess
reserves from $3,170,000,000 on August 12, to $1,310,000,000 on August 19, this excess has again steadily
moved upward and stood at $2,270,000,000 on November 18. During the same period member bank loans—
especially nonsecurity loans—have shown a steady
increase while demand deposits of the weekly reporting
banks increased more than $600,000,000.
Continued ease in the money markets is reflected
in the coupon rates stated in registration statements
recently filed, and the rates on the new issues publicly
offered. One large public-utility corporation which
offered to the public in October $150,000,000 of debenture bonds on a yield basis of 3.19 percent has filed a
November registration statement covering the issuance
of $166,000,000 of securities, also intended for refunding purposes.
The first major refunding operation of Latin American bonds in the United States, to take advantage of
prevailing interest rates, occurred in November when a
$23,500,000 issue of the Argentine Republic was
offered with a 4^-percent coupon. The issue was
priced at 92;^. Previously only one issue of dollar
bonds of the Argentine Government had been floated in
the United States at a rate under 6 percent. This was
a $20,000,000 issue in 1928, offered at 97 with a coupon
of ojo percent.

FINANCIAL STATISTICS
Reporting member
Net
banks, Wednesday i Federal |
Savings
;l Bond
gold
II
closest to end of !! Reserve i Excess
deposits
prices,
imStock
I Bank
reserves
month
bank
i
New
ports
prices
i debits
of
Money
credit j memYork
inNew
(419)
i outside
in
Stock
cluding
capital
o
u
t
I
Stand| New
ber
stand- i banks,
ExIssues
gold i circuLoans
ard
In"OthS
New
lation
Postal
Year and month i York
Ing, i
change
[released
vestYork Sav- Statis! City 8e o n j l o a n„s l ments
end of j end of
(do- j
from
tics
State ings
t™"
m o n t h j month
mestic)
ear-

ll

mark J

hous.'l
1926 = 100 j Dollars IofTdollars
j

Millions of dollars
r.V.;0: October
1930: October
1931: October
1932: October
1933: October
1934: October
1935:
October

November
December

:

„„-.

j
s

1936:
|
J a n u a r y . . . . . _.i
February
!
March
j
April
..._.!
May
i
June
!
July
I
August
i
September
j

October




5, 490
6, 731
7. 700
8, 585
8, 569
10, 790

32.202 !
23, 679
18, 125
12. 354
13,027 i
14, 405

9,179
8, 06")
5, 897
4.311
3.808
3, 163

16,844 !
16,685 i
18, 676 !

3,006
3,108
3,274

3,340
3,401 !
3,401

12, 476
12, 480
12,646

2, 482
2; 480
2, 486

17,499
15,766
17,867
17,497
16, 998
18.882
18,617
17,106
17,586

3,128
3,117
3,313
3,304
3,486
3,319
3, 173
3,177
3.242
3, 179

3, 304
3, ?81
3, 495
3,485
3, 586
3, 019
3, 600
3.749
3, 949
3,2G5

12, 996
13,047
13, 229
13,452
13, 522
14,159
14, 084
13,809
13. 929
13,79G

2, 479
2,482
2, 473
2, 475
2. 474
2, 473
2, 462
2, 470
2. 473

m, m

j
i
1
1
i
i
1
j

~3~375

'Net exports indicated by (—).

810

1.742
2, 184

"4

478

2', 54 \)
2, 435

M2

5, 643
5, 656
5, 427

2,4<r>

2 <<:o

3, 1( 9
2, 814
3,081
2 t)64 i
2 717
4, 029 '
l,9'0
!.M0
2,1«> ,

Aver- I
age I Interest
divi- I rates,
dend I comper
mercial
share j paper
(600 I (4-G
c o m - months)
panies)

313 5
211. 1
191 3
43.
-26
r.
27

i 794,031 I
277 721 !

4, 372
4, 658
n 017

5,704
5, 770
5, 897

5, 161
5,154
5,187

1,196
1,199
1,201

5. 757
5,779
5, 857
5, 892
5, 918
6,062 I

5,177
5,177
5, 204
5,175
5, 165
5,210
5, 197
5.197

1,208
1,214
1,216

6,203 I
6,191 !
6, 258

6, m

^2.01
"-:. 70

1, IV;
1, 199

1,215
1,214
1,232
1,244
1, 249
1. 251
1,255

96.009 j
5V, 1.7(5 j

121,820 I
85. 2 :
93.3;
95.3
100.
106.
I OS.
108.
101.
105.
109.
113.
114.
119.

Dollars
2.99
2. 18
2. 10
1.24
1.06
1.24 !
I

148,462
92 «4
93 69 ' : 119,794
94.47
221,207

1.35 i

115,253
106,739
129,527
176,672
111,571
217, 270
102,' 769
216,510
178,989
173,694

1.42 j
1.45
1.46 |
1.47
1.50
1.51
1.58
1.64
1.67
1.70

96.16
97. 22
97. 26
96. 69
97.38
97.63
98.19
98. 81
99.27

.I
||
jj
I
I
I
|i

2 Note that this column has been changed. See p. 32 for figures excluded.

Percent
2-4
%-2
l'

1.40 !
1.41 |

H
H

IS

it

SURVEY OF CURRENT BUSINESS

December 1936

Foreign Trade

T

HE large seasonal increase in October exports,
coupled with a contraseasonal decline in imports,
resulted in a net export balance of approximately
$52,000,000 for the month which was sufficient to wipe
out the merchandise import balance accumulated in
the preceding 9 months and to provide an export surplus
for the year to date of $20,000,000. With the exception
of 1934, the October export balance was the largest for
this month since 1930. Compared with October of
last year, exports were 20 percent larger and imports 12
percent larger in value.
Practically all agricultural exports increased seasonally in October as compared with the September results
and, except for some of the fresh and canned fruits,
reached higher totals than in October 1935. Approximately one-third of the gain in exports, when comparison
is made with the corresponding month of last year, was
the result of the increase in agricultural products. A
substantial part of the remainder was accounted for by
the increase in exports of manufactured articles, particularly metal manufactures, machinery, and vehicles.
Exports of unmanufactured cotton were much larger in
both quantity and value than in October 1935, and a
like situation prevailed for tobacco, another leading
agricultural export.
Among the manufactured goods there were moderate
increases over last October's figures in exports of electrical apparatus and office appliances, while exports of

industrial machinery increased from $11,097,000 to
$15,013,000; agricultural machinery and implements
from $2,244,000 to $4,253,000; passenger automobiles
from $3,804,000 to $6,112,000; aircraft, including parts,
from $996,000 to $2,389,000; and iron and steel manufactures from $10,287,000 to $14,145,000. The October increase in passenger automobile exports was
associated with the shift to the new models and was
not primarily a reflection of an increased foreign demand, which so far during the current year has been
only slightty larger than in the corresponding period
of 1935. In the 10 months ending with October 1935,
passenger automobile exports amounted to 132,540
units, valued at $74,032,000, and in the corresponding
period of 1936 to 135,392 units, valued at $76,896,000.
In the import trade, noteworthy increases in October
over a year ago occurred in meats, butter, grains, feeds,
fruits, nuts, cocoa, alcoholic beverages, crude rubber,
flaxseed, unmanufactured wool, newsprint, tin, and
fertilizers. The increases in crude rubber, grains, and
alcoholic beverages were the most important in terms of
value. The increase in the first four items mentioned,
reflects, at least in part, the influence of last summer's
drought. Among imports to show a decline in both
quantity and Aralue were the following: Expressed
vegetable oils, coffee, raw silk, copper, tallow, hides
and skins, and undressed fur skins.

EXPORTS AND IMPORTS
Exports of United States merchandise

Year and month

i Monthly average, 1923-25=100
1929: October
1930: October
1931: October
1932: October
1933: October
1934: October
1935:
October
November
___._.
December. _
_.
1936:
January
February
March
April__
May
-June
July
August
September
October
Cumulative, January
through October:
1934
1935
1936

Millions of dollars

114
71
44
33
42
45

528. 5
326. 9
204.9
153.1
193.1
206. 4

522. 4
322.7
201.4
151.0
190.8
203. 5

174.3
104.8
63.6
60.5
81.8
82.9

128.9
64. 8
39.8
40.0
51. 2
43.4

48
62
56

221.2
269.3
223.5

218.1 1 82.6
266.7
112.7
82.7
221.0

45.9
75.1
56.8

23.7
26.8
19.7

51
53
51
53
56
55 i

195.1
198.0
181.8
179.2
194.8
192.1
192.6
189.4
200.7
196. 9
184.9
180.6
179.8
176. 4
178.3
175.6
220.1 | 217.5
264. 7
262. 0

35. 7
26.6
26.3
22.8
22.9
19.7
10.8
12.4
38.2
58.4

15.9
14.8
16.8
14.2
15.9
14.5
15.0
19.7
23.3
24.9 '

|

3 46
3 47
53

3

1

Adjusted for seasonal variations.
108290—3 G
2




3

42
3 52
61

3

1, 767. 4 1,739.5
1, 789. 2 1, 755. 0
i 1,995. 8 . 964. 7
2

59.8
50.1
44.5
40.4
42.6
39.3
30.4
38.1
72.8
100. 4

526. 4
298.5
487. 5 ! 259.2
518. 4 i 273.8 1

71.8 I
47.2
39.3
25.2
23.5
21.8

192. 8
169. 5
175. 1

35.2

82.3
56. 0
36. 8
33. 5
34. 8
46. 9

82. 3
45.0
29. 0
36.7
33. 2
26.1

55.4
46.0
55.7

51.7
43.9
44.8

38.6 ;
36.3 !
42.8

44.0
36.6
36.3

186.4
189.6
194.3
199.8
188.4
193. 6
196. 5
200.1
218.4
213.2

58.4
58.8
57.7
62.1
55.1
54.6
56.0
61.7
69. 4
62.8

55. 3
60.3
63.6
65.7
55. 8
59. 0
59. 3
56. 3
64. 2
61. :J

39.7 '
40.1 i
36.1 !
37.6 I
38.5 I
43. 1 I
42.7
40.8
40.8
40. 5

33.0
30.6
36.8
34.4
39.1
37.0
38.6
41.4
43.9
4S.6

166.8 j 1,360.3
185.9 j 1,697.6
H)0. 4 1.980.2

391. 7
481.2
59P,. 4

422. 3
553. 6
fiftO. 7

211.7
132. 7
77.3
48.4
61.1
70.1

53. 1
30. 7
20.1
11.6
13. 5
18.7

32.8
14.6
8.6
5.0
8.6
12.4

391.1
247. 4
168.7
105. 5
150.9
138. 0

126. 5
77.5
52. 4

30.3
34.3
31.7

81.5
93.0

23.5
25.5
22.5

14.1
21.9
19.7

189.7
162.8
179.6

28.6
28.3
32.1
33.-8
35.1
34.1
33.3
32.3
31.9 |
36.7

90. 8
86. 1
98.7
101, 0
103. 2
92 7
97. 7
85. 5
89. 5
100. 0

25.5
24.6
27.9
30.7
29. 6
26.0
29.3
25.2
27.3
31.8

22.1
22.1
24.0
23.0
22.5
19. 1
16.9
12.4
12.5
15. 8

64.6

38.0
21.2
16.9
24. 4
28.8

281.1
283. 8
326. 2

739.2 | 178.'
814.2 Ji 217.,
945. 1 11 277. \

General imports through December 1933; imports for consumption thereafter.

3

m. 9

100. 0
68. 3
50. 5
28. 1
36. 0
29. j>

258.8
330. 2
399. X

Monthly average of unadjusted indexes.

10

SURVEY OF CURRENT BUSINESS

December 1936

Transportation
USTAINED or expanding operations in a wide variS
ety of individual industries, and the expansion in
retail sales have been reflected in a relatively high level
of freight traffic during November. In the first
3 weeks of the month daily average loadings declined
only slightly from those of the preceding month; usually
with the passing of the autumn peak in October loadings decline rapidly through the end of the year.
Cold weather in many sections of the country which
has stimulated coal shipments, and the maritime strike
on the Pacific coast which has possibly resulted in the
diversion of some freight to the railroads, are temporary conditions influencing recent movements. The
major fact or, however, is the trend of general business
activity, and more particularly the improvement in
the soc ailed ''heavy'7 industries which provide a relatively large proportion of freight traffic.
In October loadings stood at 73 percent of the 1 92325 average, on a seasonally adjusted basis, compared
with. 104 in October 1929. Thus, while improvement
during the current year, as revealed by the table below,
has been significant, the recovery since 1933 has been
much slower than that for any other industry of comparable magnitude, with the exception of the construction industry. The slow recovery in building is one
of the reasons for the lag in freight traffic, although it
is by no means the only one, and not necessarily the
most important one.

Based on the reports of roads which in October 1935
accounted for 79 percent of all operating revenues, the
estimated increase in railroad revenues over the same
month a year ago is 15.5 percent. If the final figures
show the same proportionate gain, total revenues will
be the largest for any month since November 1930.
Net profit after fixed charges amounted to $26,406,000
in September, and this figure should be substantially
bettered in October. Net profit for the first 9 months
of the year amounted to $42,790,000, compared with a
deficit of $66,180,000 in the same period of 1935.
The Interstate Commerce Commission has set January 6, 1937, as the opening date for the hearings on
the proposed upward revision of basic rates on certain
commodities. Since the present emergency surcharges
are due to expire on December 31, the railroads have
asked for an extension of these charges pending the
decision on their petition. Hearings on the extension
of the temporary surcharges are scheduled to start on
December 10.
Equipment buying increased in the latter part of
November, with the result that through the 28th 153
locomotives and 1,260 freight cars were purchased.
Locomotive orders were far above those of any month
in recent years, while freight-car orders were somewhat
below the level of last summer. For the year to date,
orders for freight cars were the largest since 1929 and
locomotive orders the largest since 1930.

RAIL AND WATER TRAFFIC
Freight-car loadings
F. R. Index
Tear and month

-I! Total

Unad- I Adjustedijjusted'

Mer- I
|
Coal For- Grain
and j Live- chan-i Ore
and prod- prodstock
dsse |
coke ucts ucts
I. c. 1.

Monthly average, 1923-25 =»
100
1929:
1930:
1931:
1932:
1933:
1934:
1935:

1936:

October
October...,
October
October
October
October,..-

104
86
69
57
58
57

October
November..,
December

_

January.
February
March
April
May
June
___
July....
August
September
October
Monthly average, January through October:
1934
1935...
1936




"

i

1. 150.3 il 213. 1 !
Q32.3
184 3
3!
932.3 A 184.

62. 9
44.8
38.6 j 40.7
24.0
39.0
18.6
32.8
24.5
30.1
30.7

491
608
505
554
593
726

280. 1
256.9
223.1

208
252
271

1,278
1,246
1,409

341, 039
301,331
296, 225

75, 454
54, 234
46,040

7,454
4,087
439

800
655 I
0 j

983
843
852

141. 4 5.6 215.9
146.0
5.7 215.6
155. 6 6.0 254. 2
161.8
8.9 274.0
158.9 37.4 278.7
162. 2 50.5 287.9
157.0 52.3 281. 3
165.6 ! 54.9 295. 2
165. 8 56. 4 315. 9
171.2 52.8 336. 7

231
171
205
179
185
170
147
146
125
112

1, 536
1,359
1,312
1,353
1,295
1,430
1,516
1,565
1, 519

299,099
S90, 459
308, 304
313,410
320, 966
330, 692
349, 744
350,585
357, 207
391,457

35, 765
33,595
35, 206
41, 548
41,842
50,313
61. 774
64, 681
70, 166
89,851

0
0
0
37
8,710
9,835
10,951
10,699
11,041
10,789

0 S
0
0

775
813
981
1,023
940
989
976
1,058
1,054
962

39, 392
39, 665
52, 474

5,617
«476
5 6, 252
« 506
« 8. 866 I « 96

16.9
12.8

165. 9 31.4
157.6 13.4
146.6
5.2

588.3 i
627.0 j
604.7 li
636.2
670.4
696.8
706.4
740.2
765.3
519.1

30.2
30.2
34.0
30.6
31. 1
34.9
52.9
43.3
31.8

13.1
10.6
11.9
12.4
12.3
11.8
12.9
15.4
18.2
21.9

32.6
30.6
3">. 0

21. 1 160. 2 17. 3
13.6 156.2 ! 21.8 234. 8
14. 1 158.7 ! 33.5 276. 1

156.0 '
192.1 :
112.5 '
118.2 !
119.6 :
114.9 !
117.2 I
129.7 |
142.4 ;
16S. 7 !

26.0
26.9
30.5
30.3
32.3
34.7
32. 7
36.1
34. 7
35. 7

602.5 i 123.4
606.3 ij 122.7
688. i i; 138.5;

3
4

Thous.
of long
tons

602, 395 151, 087 11,213
478, 031 110,923
9,094
359, 037 63,100
6, 248
295, 175 62, 784 3, 924
294,352
57, 366 7,154
292,910
49, 336 5,006

713.0 II 141.7
31. 1 35. 6
635.9 : 132.3 27.5 31.3
579.6 | 138.8 j 25.9 27.3

36.6

Thousands of
short tons

2,721
2, 278
1,674
1, 158
1, 256
1, 265

271.5 I
239. 6 !
214. 9 j
177,7
172. 8
162. 9 |

149. 4
139.1
132.0
127.3

Thousands of
dollars

124
403
535
545
385
328

57. 2 464. 2
35.3 361,8
16.7 277. 5
227. 1
240. 4
1,9 242. 6

32. 1
28.9
22.9
22.6
27.8

750.5
624. 3
649.3
629.6

Canal traffic

Oper- Netrail- Sault New
Panaating wayopYork ma s
reve- j crating Ste.
nues i income Marie State

| ThouI sands

Thousands of cars 4

i Daily average basis.
Adjusted for seasonal variations

1

! car
Mis- j surplus
eel- j

Financial statistics, class I
railways

Pullman
passengers
carried

American vessels, both directions
Average weekly basis.

358 8 1, 260 275,708
283 6 1, 283 285,282
167 » 1,431 332, 192
5
6

Average. April—October.
9 months' average.

228
568
616
738
605
821

1,344
1,133
930
723
1,082
1, 029

965
856
957

11

SURVEY OF CURRENT BUSINESS

D e c e m b e r L9>W

Automobiles and Rubber
of automobiles is again in full swing
ASSEMBLIES
'-with production during November at a rate in
excess of 100,000 vehicles weekly. The present pace
is likely to hold at least until the end of the year, as the
stocking of field organizations with the new cars is as
yet far from complete, and a large volume of orders
have been accumulated by retailers. With the slow
start of several manufacturers on the new models, total
production in October increased less than the computed
seasonal allowance; the month's output fell short of the
October 1935 figure by nearly 50,000 vehicles. November production totals will rise sharply and no doubt
more than seasonally as compared with October.
Interest at the moment is centered in the reception
of the new models at the automobile shows being held
throughout the country. Reports from all such displays record increased attendance and orders, as compared with the results of a year ago, which augur well
for the opening of the 1937 selling season. Sales
organizations expect to benefit from the continued
expansion of purchasing power and, more particularly,
from the unusually large number of special wage and
dividend distributions which will undoubtedly exercise
a stimulating influence on sales of such products as
automobiles which require individual expenditures of
considerable size.
Although no radical changes in either bodies or
motors were made in this year's models, all manufac-

turers offer improvements designed to afford greater
values. For this reason it is difficult to draw price
comparisons between the 1936 and 1937 models, but
certain general tendencies are evident. Cars in the
high-price bracket are generally lower in price, while
for the medium-price class changes are mixed. In the
low-price group the tendency is toward higher quotations, although these are offset by the inclusion of
additional equipment, and the statement has to be
modified to the extent that one major producer offers
a car with a smaller-sized engine at a lower price than
the regular line.
Domestic production of all motor vehicles in the first
10 months reached 3,561,000 units. With an indicated
production for the final 2 months of the year at least
equal to that of the corresponding months of 1935,
total production for the current calendar year will
approach 4,400,000 vehicles. The recovery in the
automobile industry is epitomized by the statement
that one leading corporation has declared in dividends
per share this year an amount equal to more than twice
the price of the share at the depression low for the
stock in 1932.
Increased activity in the rubber-manufacturing industry in October was only partly the result of the
expansion in tire plants. There was a substantial
increase in activity in boot and shoe and mechanical
rubber goods factories also.

AUTOMOBILE AND RUBBER STATISTICS
Automobile production

month

Monthly av., I
I 1923- >
,
25=100!
1929; October... 1
1930: October. __
1931: October...
1932: October..,
1933: October...
1934: October. . .
1935:
October
November __
December-..
1936:
January......
February
March.......
April.......
May
June
July
August
September..
October
Monthly average, January
through Oct..
1934
1935
l)3(\.

i Adjusted for

Passenger
cars 3

(

Trucks

New
New
compassen- mercial
ger cars cars

Unadjusted

Adjusted 1

Monthly average,
1929-31 = 100

Production

Crude rubber

Domestic
Doconmestic
ship- sumption,
ments
total

Imports

World
stocks,
end of
month

Long tons

Thousands

11,512
4,079
4, 500
2,549
5,567
7,512

288,782
150, 219
102, 659
63,195
136, 075
140, 937

49,870
34, 205
24, 695
15,157
28, 058
43, 243

120.0
62.6
38.5
22.3
42.7
47.3

141.0
76.0
46.5
28.0
53.5
59.0

3,689
2,866
2,379
2,055
2,743
3,188

3,520
2,613
2,185
1,385
1, 943
2,834

31, 320
25, 089
20, 495
19, 337
27, 758
28, 526

38,454
46, 375
41,398
35, 806
46,034
29, 240

319, 766
475,964
588,873
609, 368
636, 597
680, 616

58,733 j
58,145
61,506 j

8,273
13,491 i
13,789 |

7,471
22,491
17, 736

7,109
8,038
10, 276

148, 389
220, 262
237,194

43,243
37,616
38,000

53.3
96.6
90.6

82.0
113.5
106.5

3,281
3,238
3,282

3,258
3,170
3,311

38,192
38,500
38,648

36,378
26,073
39,812

655,000
622,300
611,987

298
225
344
417
386
376
372
210
91
191

65,730 !
62,790 j
77,448 1
85,642 i
75,058 [
77,061
68,597
61,537 I
44,533 '
33,940 j

13,302 ! |
13,568
18,021
24,951
20,006
16,400
10,475
4,660
4. 655
5, 381

15,867
16,046
18, 921
17,723
17, 727
14, 987
12,714
8,323
4, 564
9,894

9,787
9,913
9,999
8,330
10,848
9, 055
9,811
7,405
6,375
6,826

215, 782
176, 668
301, 272
397,190
392, 750
369, 423
357,490
262, 912
208, 896
171,319

43,760
40, 301
51,817
57, 000
62,183
56,000
63, 695
59,222
54,611
41,207

69.3
65.5
117.8
142.3
138.6
139.3
117.3
92.9
71.0
55, 6

102.0
89.5
101.0
93.5
93.5
109.5
104.5
92.0
83.0
84.0

3,709
2,898
2,947
3,932
4,027
4,544
4,427
4,062
4,035

3,079
2,545
3,065
3,917
4,659
4,626
4,599
3,978
3,053

43, 655
33, 071
38,433
46, 707
45,434
47, 372
45,721
45,257
45,403
48, 519

33,021
34,339
34, 874
45,830
37,050
38, 273
26,450
41, 788
50, 033
40,965

600,479
599,355
574,594
558,583
533,411
511,931
510,872
492,439
485, 500
474,000

202
257
291

49,817 1
57,504 |
65,234 '

11,246
14, 560
13,110

12, 765
13,345
13, 677

7, 851
8,077
8,835

170, 563
228, 645
285,370

35, 115
44, 029
52, 980

62.4
81.7
101.0

* 3,969
4 3,878
^3,842

* 3, 930
4 3,891
4 3,725

34,832
37,410
43, 957

40, 724
40,105
38,352

673, 836
676, 547
534,116

272
395
405

213
337
343

108 !
93 !
107
122
117
118
124
111 j
107 ''
n i

364
288
421
503
461
453
441
271
135
225

.'i i

252
315
356

al variations.

Pneumatic
tires *

14, .323 ! 19, 931
7,136
4,541
3,207
1,440
1, 733
2. 923
5,906
3, fi82
8, 040
3, 730

96 j
105 !
107 1

380

New passengercar sales

Registrations

Number

60,687
40,593
21,727
13,595
29,813
47,988




i Passenger

Thousands

319
114
58
35
105
84

s

Total

Trucks

154
SO
49
135
132

123 [
49
20

Autorno bile
e x p orts

1 Canada

United States
F.R.
index, | Total
ad- !
justed1

Year and

j

j
i
|
j
i
,

« Covers varying percentages of industry, see note on p. 55.

* Includes taxicabs, see footnote on p . 59.

* 9 months' average.

12

SURVEY OF CURRENT BUSINESS

December 1936

Iron and Steel

T

HE important event of the past month in the steel
industry was the announcement by leading producers of a general wage increase, the first upward
readjustment of wage scales in 2){ }rears. This action
affects a half million or more workers and is expected,
when fully effective, to result in an increase in aggregate pay rolls of the industry of about 10 percent. In
some instances, the wage increases were accompanied
by the offer of a sliding scale arrangement for adjusting
wages in the future, based on the movement of the cost
of living index, but this plan has not met general
acceptance.
This wage advance will establish the pay scale in the
steel industry above that prevailing prior to the depression, and certainly will represent the highest real
wages ever paid by the industry. Average hourly
earnings in the iron and steel industry, which had declined from 1930 through the first half of 1933, have
advanced now for more than 3 years. During the
earlier period the average hourly earnings, as measured
by the monthly data collected b}r the National Industrial Conference Board, dropped from about 66
cents to between 45 and 50 cents. Prior to the general
wage increase, the average hourly rate had reattained
the 1930 level, so that the recent action will establish
the hourly earnings well above the 1929 average.
The action of the companies was possible by reason
of the very marked improvement in steel production

this year which has caused profits to rise fairly rapidly.
Profits of 17 producers, with 90 percent of the country's
ingot capacity, for the first 3 quarters of the year, are
reported by the magazine "Steel" at $85,150,000, compared with $24,141,000 in the same period of 1935. It
was pointed out, however, that profits this year have
been much less than in 1930 when production and prices
averaged about the same. Insofar as prices are concerned, current quotations are above those prevailing
throughout most of 1930 when prices were declining.
This year the composite price line of 25 iron and steel
products crossed the 1930 line in July, and the spread
has since widened considerably.
Production of both pig iron and steel ingots during
October was the largest in more than 6 years. Daily
average output of pig iron rose to 96,512 tons, compared
with 91,010 in September and 63,820 a year ago, and 6
more furnaces were in blast at the end of the month
than at the end of September. Steel-ingot output at
168,333 tons daily was at the rate of 76.7 percent of
capacity. On a seasonally adjusted basis, it was about
7 percent above the September output. The weekly
estimates of production for November indicate a decline for the current month of less-than-seasonal proportions. The fourth quarter output will almost certainly compare favorably with that of the preceding
quarter, although the price advance for the first quarter
has had some influence on both sales and production.

IRON AND STEEL STATISTICS
Iron and
steel

General operations
[ Production,
adI justed 1

Year and month

EmPay
ployEx- Imm e n t , urolls,
n a d - ports ports
adjusted' justed

Monthly average,
1923-25 = 100
1929:
1930:
1931:
1932:
1933:
1934:
1935:

1936:

October
October
October
October
October
October

October
November..
December

January
February...
March...
April.
May
June
July
August
September
October
Monthly average,
through October:
1934..
1935
1936

_.__
__j
_J

January

..

Pig iron
i

Steel Ingots j Steel sheets » United
Prices
States
Steel
Corpo-j
ration, j
FinProNew Ship- finished and ISesse- Steel ished
ducor- ments prod- steel, mer
Per- ders
ucts,
tion
com- (PittsI comcent
cago) • posite
ship- posite' burgh)
of
ments
capacity
;
Thou

Production

Furnaces
in
blast

Thousands of long
tons

Num-

sands
I! of
long
tons

ber

j Thousands of
i short tons

Dollars per long ton

Dollars
per 100
:pounds

126
76
45
31
60
41

103.7
81.8
63.6
50. 8
69.4
65.6

110.5
76.4
44.2
27. 2
47.6
42.8

248
132
59
41
165
220

63 jl 3, 588
38 i 2, 165
1,173
29
645
34
1,356
47
951
20

203
111
70
49
79
65

4,534

2, 693
1,590
1, 087
2, 085
1,482

50
28
19
37
25

159
117
95
79
103

291
194
129
92
175
95

784.648 I
476.032
310,007
572, 897
343,962

88
96
103

75.9
77.1
77.9

65.5
65.1

238
205
239

60
57
54

1,978 ;
2,066 I
2,106 j

116
122
120

3,143
3,150
3,073

53
55
56

226
289
203

221
213
195

686, 741
681, 820
661,515

32.84 ; 27.00
33.15 i 28.00
33.31 • 29.00

12.50
13.00
13. 35

2.43
2.43
2.43

86
83
83
100
105
113
119
121
119
127

77.6
75.9
76.1
77.9
80.1
82.2
85.1
86.2
87.1

64.4
65.2
69.9
73.9
76.9
78.5 I
75.8 j
80.7
81. 0
87.2

242
214
264
302
315
295
297
295
236
262

50
43
57
49
59
60
48
61
GO

2,026 I
1,824
2,040
2,404 I
2,648 j
2,586 I
2,594 I
2,712
2, 730

117
120
126
144
146
145
146
148
155
101

3,046
2,964
3,343
3,942

51
54
59
69

I 175
138
252
! 190
192
261
193
20S

207
176
210
252
210
204
213
197
204
224

721, 414
676,315
783,552
979,907
984,097
886,065
950,851
923,703
901,803
1,007,417

33.34
33.48
33.21
33.10 I
32. 92
32.79
33.49
33. ^8
34. ].r,

13.38
14.19
14,75
14.34
12.88

2.43
2. 43
2.37
2.36
2.36
2.36
2.43
2.43
2.41
2.41

60
75
106

69. 4
72.1

49.6
58.4
75.4

223
262

36

Adjusted for seasonal variations.



2

26 1

1, 393
1, 683
2, 456

4,046
3, 985
3, 923
4,195
4, 101
i, 545

85 | 2,202
98 i 2,720
141 I

Black, blue, galvanized, and full finished.

223
38 i 150
47 ! 198 !
67
209 !

j
I
I
I
I
I
n
!|

154 :1 514,112
192 I 602.796
210 I 887. 512

35. 85
32. 35
30. 30

so' h
32. 10

U. 03

35.00 ; 14.30 :
31.00 :
29. 00;
s.oo
26.00
e. 00
26.00
27.00

29.00
29.00
28.20
28.00
28.00
28. 00
30. 00
30.00
30. 40
32. 00

32. 12
27. 12
32.53 i 27.00
38. 50 ; 29. 26 i

3 See table on p. 19 of the January 1935 issue.

13.' 3S j
15.19
16.15

11. 12
14. 34

2. 51
2. 18
2. 16
2.26
2.44

2.42
2.44
i'. 40

13

SURVEY OF CURKENT BUSINESS

Decem ber 1936

Textile Industries
pounds, according to the Rayon Organon. For the
first 9 months of the year, production was 8 percent
ing the 1929 rate and, with a large backlog of orders, above that of the corresponding period of 1935, and
a high level of operations appears to be assured for with acetate production estimated at 10 percent more
some weeks to come. Cotton-spindle activity and than last year, total rayon production for the 3 quarters
cotton consumption in October were slightly lower on a is indicated at 204,000,000 pounds compared with
daily average basis than in September, but the decline 188,000,000 pounds in the same period of 1935.
was not significant in view of the expansion in the preOutput of the woolen mills also increased in October
ceding month,
according
to the data on machinery activity. Both
Raw cotton prices have been well sustained despite
looms
and
spindles were operated more intensively.
the official crop forecast of November 9 which forecast
Wool
consumption,
however, declined in October inan output larger than the previous estimate by 791,000
stead
of
increasing
as
is customary at this period, so
bales. Prices of gray and finished goods have advanced
that
the
adjusted
index
for
the industry dropped slightsharply during November.
ly.
Silk
deliveries
declined
in October, but on an adIn the rayon industry, operations have been at pracjusted
basis,
compared
favorably
with those of earlier
tical capacity for several months. Declines in deliveries
months
of
the
year.
from the mills since the record high set in August have
The Federal Reserve production index, which comreflected the dwindling of producers' stocks which contributed heavily to deliveries in earlier months, rather bines the data for the above-mentioned industries with
than any decrease in production. At the end of Octo- the exception of rayon, indicated operations only
ber, stocks were as low as a month earlier, amounting slightly below those of September. However, since
to only about 9 days' supply on the basis of average output usually advances at this time of year, the seamonthly shipments during the last 12 months. Being sonally adjusted index receded 6 points to 114 (1923^
unable to fill current orders, producers are allotting a 25=100). The index advanced during the Juneuniform percentage of each buyer's requirements.
August period, leveled off in September and, with the
In the third quarter, production of viscose and cupra October decline, is at about the same level as in
rayon (nonacetate) reached a new high of 55,600,000 October 1935.

and rayon textile mills operated at a high
COTTON
rate in October. Cotton manufacture is exceed-

TEXTILE STATISTICS
Cotton,
raw

Year and month

ProducMill
tion incondex, adjusted^ sumption

Monthly average,
1923-25100
1929: October
1930: October
1931: October
1932: October
1933: October
1934: October
1935:
October
November
December
1936:
January
February

March
April
May
June—
July...
August—
September

_

_._

October
Monthly
average,
January through
October:
1934
1935
1936

Running
bales

Spinning
Wholespindles
Consale
price, sumpcotton tion * Wool- Worgoods
en
sted

Millions of
spindle
hours

Monthly average,
1926=
100

Thousands
of
pounds
59, 352
40, 975
42, 990
42,423
51, 037
34, 065

78
53
53
73
68
63

72
62
49
73
65
35

Thousands of
yards

Silk

Wool manufactures

Cotton cloth,
finishing
Spindle activity, Plain
total bleach- Print
goods
ed

Rayon

WholeWhole- Deliveries
sale
Looms
sale
price,
woolen Deliv- price, from mills
raw,
and
to Japa- Unworsted eries
mills nese,13Nar- Broad goods
ad- Ad15 (New Just- JustYork)
ed ed i

Hosiery

Production

ThouDollars
Daily
sands
per
average,
of dozpound 1923-25=100
en
pairs

Monthly average,
1926=
100

of 133
pounds

66
44
39
43
41
34

86.7
75.0
64.6
56.5
84.5
74.8

57,489
61,937
56, 668
53, 703
28, 521
49,106

4.925
2.512
2.266
1.673
1.647
1.197

358
264
268
413
399
382

309
232
242
383
373
357

9,564

Percent of active hours
to total reported

Bales

118
90
93
99
91

639, 759
443, 284
461,023
501.893
504,055
523, 032

9,006
6,243
6,598
7,053
7,256
7,200

134,386

126, 384

98.5
77.0
59.7
56.2
88.8
86.6

113
106
111

552, 840
512,312
499, 773

7,437
6,898
6,804

110, 885 97,972
102,292 97,331
101,310 104,720

84.5
85.8
86.0

78, 727
72,993
73,367

102
104
93

81
83
73

42
44
43

79.1
80.7
81.0

48,167
37, 012
35,559

2.084
2.092
1.958

494
464
473

462
522
557

11,574
10, 293
8,918

105
102
100
100
100
107
115
120
120

7,709
6,735
7,254
7,313
6,896
7,320
7,855
7,573
8,088
8,338

97, 435 100, 528
92,807 91,860
107,893
95, 274
104,837
91, 074
105,062 89, 518
104,630 90, 338
101, 904 91, 273
104,667 91,157
107, 706 86, 514
131,419

80.4
78.1
77.1
76.2
75.5
75.4
78.7
79.5
80.0
83.0

73,908
64,193
53, 460
55, 387
46, 593
54,533
68,718
63,449
60, 763
74,068

95
96
85
82
87
87
90
97
88
90

62
68
59
60
57
57
59
68
65
74

48
44
38
36
34
36
36
43
41
46

81.4
82.8
83.8
82.2
82.2
82.6
82.0
81.2
80.9
80.5

38, 995
32, 053
36, 000
34,564
32,087
31,437
36,658
42,016
45, 709
43,093

1.950
1.784
1.733
1.682
1.600
1.597
1.714
1.791
1.698
1.756

477
517
422
433
428
498
614
633
537
504

487
454
399
416
446
623
808
586
387
475

10,069
9,252
9,832
10, 201
9,270
9.479
9,983
10,111
10, 828

la

590,484
515,977
550, 641
576, 762
530.894
555, 449
607, 056
574,289
629, 727
646,499

84
103
108

452,171
463, 859
577, 778

6,296
6,231
7,507

127, 344 103,490
118,423
96,045
104,830
91, 643

87.1
82.9
78.3

30, 403
68,855
61, 507

67
89
90

36
70
63

32
30
40

80.9
75.2
82.0

38, 322
42, 457
37. 261

1.292
1.551
1.731

336
442
506

i Adjusted for seasonal variations.




Wool

Cotton manufactures

* Grease equivalent; see note on p. 58

3 8 months' average.

3 8, 539
3 8,971
3 9, 895

14

SURVEY OF CURRENT BUSINESS

*: 1936

Summary of the Retail Census of 1935
the completion of the 1935 census, com- these lines as well as essential data for aJi types of
WITH
prehensive data on retail sales are now available marketing research.
for 3 of the past 7 years. Thus, it is possible to determine not only the extent of the decline from 1929 to
the approximate low point of the depression, but also
to measure the recovery since 1933 in the aggregate
and by different kinds of business. The two preceding
census compilations provided a wealth of marketing
information which, among other things, has afforded
the basis for the development of more adequate current
indexes of retail sales. Our knowledge of consumer
purchasing has thereby been enhanced, and the present
census affords another bench mark for testing the
representative nature of the current series; it will also
further research which will provide new material along

In this article, the summary figures hom the preliminary census report have been assembled in a form
which permits a quick comparison of the totals. These
data are presented by States and by kinds of business.
The accompanying map reveals the comparative
increases, by States, from 1933 to 1935 as well as the
decline in both of these }rears from the 1929 results.
Total Sales in 1935 31 Percent Above 1933.

Total retail sales of $32,790,267,000 already reported
in 1935 were 31 percent in excess of the total reported
in 1933. The largest relative geographical gains were
in the Mountain and Pacific States, these two divisions

Table 1.—Summary of Retail Trade, by States, 1935-35
Net sales
Per-capita sales
(dollars)

Number of stores
Thousands of dollars

State
1933

1935

1933

1929 = 100
1933

1935

1935

Active proprietors
and firm members
t

1933

1935

1933

'

1935

Employees
i.fuH
and part t i m e ) ,
average for t h e
year
1933

19c»v

T o t a l pay roll
(thousands of dollars)

19o8

i

1

:J935

j
, 526,119

United States V
Alabama
Arizona _
Arkansas
California
Colorado *
Connecticut
Delaware
District of Columbia.Florida
Georgia
Idaho
Illinois i
Chicago *
Indiana
Iowa
.Kansas
Kentucky
_ _.
Louisiana
Maine _.
Maryland *
Massachusetts
Michigan
_
- Minnesota
Mississippi
M issouri *
Alontana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York J
New York City }
North Dakota
Ohio
Oklahoma
Oregon _ - .
Pennsylvania
Rhode Island . - South Carolina
South Dakota _Tennessee
Texas
Utah
Vermont. _
Virginia
Washington
West Virginia...
Wisconsin
Wyoming

... .

i 1935 incomplete.

..

20, 049
4,749
15,918
89, 554
13,700
22,047
3,420
6,156
21, 697
26, 681
5,139
98,870
44, 599
41,256
34, 643
26, 779
25, 672
22, 239
11,429
23, 487
52, 430
57,121
33, 879
14, 772
49, 247
6,732
19,212
1,463
6,368
64,190
4,246
178,614
97, 528
27, 652
7,981
85, 961
26, 434
13,769
115,685
8, 438
15, 528
8, 566
22, 777
67,914
5,103
4,934
26, 451
22, 307
17,128
44,563
3,169

, 649,081 25,037, 225 32, 790, 267
250, 384
335,127
22,083
116, 643
5,160
76. 250
239,870
180,095
18, 276
100,911 1,692,879 2, 312,183
295,447
14,259
233, 014
24,377
430, 526
556, 630
4,292
57, 910
73,175
241, 515
6,427
327, 299
421, 249
24, 232
288.804
352,916
484,687
31.310
139,536
5,853
87,406
97, 646 1,728,880 2,077, 222
990, 084 1,132, 699
43,718
42,423
569, 972
774, 303
38,932
479, 695
646,211
329,178
445,892
27,318
304,605
386, 722
29,254
341, 854
23,147
264,123
231,048
12, 694
184, 386
384, 384
22, 935
449, 253
55, 480 1,195,161 1, 487, 485
61,827
949,137 1, 384, 590
585,102
815, 954
37, 397
177, 270
15, 106
140,855
921,586
759,125
50, 350
112,382
188,951
7,928
274, 575
358, 637
18,906
42, 795
1, 664
28.680
151,052
7,186
111,799
67, 739 1, 016, 928 1, 215, 723
4,781
53. 944
87, 583
204,009 3, 739, 992 4, 579, 085
115,127 2, 245,801 2, 685,435
462 613
29, 438
363, 111
150,015
9,015
108,087
1,
962, 396
93, C76 1,442,132
25, 950
341, 774
430, 281
224, 447
335, 318
15, 315
129,4S0 1,876,899 2, 497,847
217, 562
9, 037
167, 288
186, 215
246, 077
16,641
146,078
9,573
106,196
330, 079
482, 731
27, 443
965, 501 1, 288, 086
71, 234
131,241
5. 822
91,968
4, 945
98, 699
78, 600
470,613
358,102
26, 724
524, 760
24, 970
368,171
244,071
330,269
18, 938
44.019
623, 952
868, 590
82,029
3, 409
55, 970

51.0

66.8

199

257 1,574,341 j 1, 510, 094 3, 433, 652 3,899t 027 2,910,445

47.5
38.4
43.6
52.7
49.9
56.0
55.9
71.8
57.2
55. 5
51.7
46.6
46.5
46.6
49.3
44.2
51.9
55.4
59.9
62.0
58.2
42.6
55.6
34.0
52.4
46.1
48.8
56.9
60.7
55.2
45.0
52.9
52.6
55.6
46.1
50.3
43.0
49.2
49.3
52.6
62.0
41.6
51.3
47.3
46.8
51.7
59.6
48.3
54.5
50.4
54.1

63.6
58.7
58.1
72.0
63. 3
72.4
70.7
97.3
83.5
76.3
82.5
56.0
53.2
63.3
66.5
59.9
65.8
71.7
75.1
72.5
72.4
62.2
77.6
42.8
63.6
77. 5
63.7
84.9
82.0
65.9
73.1
64.8
62.9
70.8
6-1. 0
68.5
54.1
73.5
65.7
68.4
82.0
57.2
75.0
63.0
66.8
64.9
78. 3
68. 9
73.7
70.2
79. 3

90
185
92
288
221
256
232
445
185
118
188
223
284
169
191
176
110
125
222
232
277
201
224
70
199
211
201
299
229
242
128
292
314
109
156
216
138
227
189
245
103
153
120
161
179
212
140

118
287
120
386
278
324
286
551
261
160
291
266

137
214
243

226
255
237
136
161
273
269
340
293
311
88
236
356
263
432
301
284
208
355
135
214
293
171
333
248
319
134
211
171
212
255
262
178
321
182
299
354

21,292 i
20,716
5,039
4,888
17,965
18,158
95, 652
94, 310
13,229
14, 583
20,203
20,619
3,876
3,200
4,806
5, 516
22, 383
21, 674
28,622
28,179
5,347
5, 526
99, 827
89,138
37, 958
42,010
39, 980
44,006
38,044
37, 323
29,082
26,381
28,187
27,648
21, 395
22, 808
12,104
11,365
24, 653
21,155
45, 433
47, 538
56, 546
59, 879
35, 382
35,916
16,079
14, 649
47,455
53, 410
7,103
7,184
20, 829
17,990
1,507
1,490
6, 559
6, 518
63, 410
58, 749
4,613
4,613
181,404
173,771
100.945
92, 263
29, 252
27, 298
8, 448
8,391
83, 421
88,196
25, 245
297 206
14,492
15, 407
118,167
117,267
7,666
8,127
14, 658
16,097
8,807
8, 974
24, 626
26, 089
68, 397
72, 403
5,169
4,998
5,224
4, 533
27, 350
23, 898
23,189
23, 313
16,978
17,956 !
46, 577 i 40,979
3, 234
3, 497

38,648
9,815
23, 917
225, 572
32,439
55, 632
7,563
32, 905
42, 937
54,426
9,849
252,865
150,022
85, 507
66.144
46, 896
42, 350
43, 351
22,147
55, 302
166, 385
134,688
78, 320
21, 737
112,597
13,105
38,052
3,175
13, 469
119,733
6,825
449,141
271,028
53,181
11, 950
210,141
48, 776
28, 775
275, 988
23, 477
27, 662
13,171
47, 866
138, 357
12,866
9,540
51,975
50,113
31,930
86, 238
6,155

42,238
12. 704
27.962
259,192
33,178
63,888
8,604
41,527
56, 758
66,878
12,976
259,107
148,761
97,119
72, 708
52, 222
48, 374
49, 737
24,561
58,118
184, 369
162,765
92,033
23 273
121,119
17, 596
40, 945
4,138
16,092
136, 342
9,204
503,983
301,026
60,150
14,037
241,969
53,160
34,990
316,135
28, 512
32, 965
15, 521
61, 478
159,253
16, 559
10,011
57, 990
56, 890
36, 899
t-6. 423

Field canvass is contini ting and adc iitional schedules wi 11 be included in final report.

i The material in this article was assembled by II. Lasken of the Division of Economic Research from the data presented in Retail
United States Summary, issued by the U. S. Department of Commerce, Bureau of the Census.




'

1
j
«
1

3,568,398

23,788
30,140
8,455
11,979
15, 299
19, 355
271,385
216,105
27,174
28,915
53,485
66,462
6,331
7,706
33,681
43,291
45, 69-1
30,815
35,763
46,953
7,940
12,570
221,323
249, 632
141,147
153 761
63,315
80,705
55,590
47,020
39,542
32,813
30,220
36,821
30,411
36,559
18,715
21,816
51,035
45, 707
156,224
180, 664
108,969
351,772
81,426
64,783
13, 271
16, 603
90,182
101,750
11,813
18. 592
28, 343
32, 980
4,787
3,317
14,710
11,377
',40,132
119,927
fi, 351
8,095
464, 707
f,50,026
350,715
299,534
35,165
44,082
9,301
12,108
172,264
218. 416
41,325
34,629
24,064
33, 771
227,269
277, 330
21,242
27,206
16,961
22, 489
11,945
9, 393
46,807
33, 564
126.817
101,720 !
10,336 1
14.534
7,809
8,698
40, 065
48. 439
42,262
W>,836
24,470
31,114
67,530 !
83,451
5,777
7,343

December 1936

15

SURVEY OF CURRENT BUSINESS

showing increases of 47 and 39 percent, respectively.
Most of the States in these areas showed a more than
average decline from 1929 to 1933, but the subsequent
recovery in sales was also sharper, so that in all but
two cases (Colorado, for which data are not yet complete, and Arizona) sales in 1935 in comparison with
those of 1929, were at or above the average.
West North Central States, with the exception of
Minnesota and Missouri, experienced a more than
average decline from 1929 to 1933 and only about an
average increase from 1933 to 1935. A like situation
prevailed in Arkansas, Mississippi, Oklahoma, and
Texas.
States east of the Mississippi show wider variations
from State to State than are evidenced in the West.
A true appraisal of sales in this large group of States
cannot be made until final reports are available for
New York and Illinois.1 One pertinent observation is
that the District of Columbia has most nearly approached the 1929 level of sales. Sales in 1935 were
within 3 percent of the 1929 value figure and undoubtedly were in excess of the 1929 volume.
2
With the completion of the final report on retail trade, which is expected in the
coming month, the totals for 1935 will be raised somewhat, with the more important
changes in the States of Connecticut, Illinois, Maryland, Missouri, and New York.
However, such increases will not materially affect the trends that may be observed
on the basis of present available figures. Notice must be taken of the fact that a
small number of concerns which reported in 1933 will not be included in the final
data for 1935 because of their refusal to report. The Bureau of the Census was unable
to get these reports because of the absence of legislation making such reports mandatory,*other than in regular census years.

On a per-capita basis, sales increased from $199 in
1933 to $257 in 1935, with all States reporting higher
per-capita sales. The South, in general, showed the
lowest per-capita sales, the South Atlantic and SouthCentral States (except for Maryland, Delaware, the
District of Columbia, and Florida) being below the
United States average in both years. The District of
Columbia leads the country, with per-capita sales of
$445 in 1933 and $551 in 1935. The smallest percapita sales in both years were those reported for the
State of Mississippi.
Sales by Kind of Business.

In considering the data presented in table 2 it is
important to keep in mind the method of classification
employed in compiling these data. Sales by land of
business represent the total sales of stores whose chief
line of activity is indicated by the title of the classification. Numerous shifts of classification of individual
establishments by reason of changes in the predominant elements in their sales, have affected the comparability of certain of the minor classifications, but
by grouping those between which shifts may be expected to occur because of classification, significant
results are obtainable.
Of the major classifications, food stores have the best
comparative record from the standpoint of dollar
volume of sales. In 1933 dollar sales were 63 percent
of the 1929 figure, while 1935 sales represented 77

PERCENT INCREASE
IN SALES, 1333-1335
1

110 TO 25
26 TO 40
41 TO 55

UNDER EACH STATE THE ARRANGEMENT
IS AS
FOLLOWS:

1B33 SAL£5 /N PERCENT OF 192$ SALES.
1335 5ALE5 IN PERCENT OF 1929 SALES.

56 A1Y0 O/ER
UNITED STATES
51
67
PERCENT INCREASE, 1933-1335: 31%

Percentage Increase in Retail Sales by States, 1933-35, With Relatives Showing the Changes in Comparison With 1929.



CD. 69/7

16

SURVEY OF CURRENT BUSINESS

percent of the 1929 total. Eating places, with comparable figures of 62 percent and 78 percent, and drug
stores with 63 percent and 73 percent, may also be
included with the more important groups which have
fared relatively well. The seemingly fine record of
fuel and ice dealers must be counterbalanced by the
very poor record in building materials. These groups,
which include many dual-line stores, must be considered as a unit for purposes of comparison, because
the precipitous decline in building materials, in many
cases, would shift a store into the other classification
and might yield an increase even though there was
actually a decline in total sales.

December 1936

The continued decline in the number of cigar stores
and stands, and their smaller total and per-capita sales,
are not measures of the movement of sales of tobacco
and tobacco products. Rather, they represent a shiftin consumer purchasing habit, which has reduced the
proportion of tobacco sold in specialty shops, and increased the proportionate share of department, drug,
and grocery stores.
Per-capita sales showed their largest increase in the
automotive line, with motor-vehicle dealers increasing
their per-capita sales from $17 to $30 in the 2-year
period. Food-store sales, always the largest item in
this classification, increased materially from $54 to $65.

Table 2.—Summary of Retail Trade, by Kind of Business, 1933-35
NOTE.—Comparisons are subject to qualification by reason of a number of unavoidable shifts between classifications. Principal causes are: (1) More complete information in 1935 than in 1933, permitting more accurate classification of individual stores; (2) the policy of classifying dual-line stores according to the principal commodities
sold; and (3) changes in the character of the business resulting from changes in consumer demand. There has been a marked increase since 1933 in the sales of apparel,
furniture, hardware, building materials, farmers' supplies and motor vehicles. Retailers selling any of these commodities in substantially equal proportion to other major
commodities are quite likely to have changed the relative proportions of the sales of such commodities since 1933, and consequently the classification of their stores, even
resulting in some cases in shifts from one major group to another.
Net sales
N u m b e r of stores
I
Amount
'.
i (thousands of dollars)

Kind of business
1935

General m e r c h a n d i s e
group
Dry goods and general
merchandise stores..
Department stores
Variety, 5 and 10, to- !
a-dollar stores
|
Apparel group
i
Men's stores
\
Family clothing stores.:
Women's
ready-to- j
wear, stores
!
Shoe stores
Other apparel stores..
Automotive group
Motor-vehicle dealers •
(new and used cars).
Garages
Other automotive
Filling stations
Furniture,
household,
radio
|
Household appliance !
and radio stores
j
Radio dealers
Furniture stores and j
floor - c o v e r i n g s , !
drapery stores
j
Other home furnish-]
ing stores
Lumber, building, hardware
L u m b e r and building
material dealers
!
Hardware stores
Hardware and farm
implement dealers..]
Other building and i
j
hardware
Eating places
1
Drinking places
I
!
Drugstores
Farmers' supply s t o r e s . . . j
Second-hand stores
j
Other stores
j
Cigar
stores
and
stands
Fuel and ice dealers...
Jewelry stores
Florists
i
All other kinds
I




1935

1933

United States, t o t a l . |1, 526, 119 j 1, 649, 081 25, 037, 225 |32, 790, 267
Food stores
Grocery stores (.without meats)
Combination
stores
(groceries and fresh '
meats)
!
Meat markets (in- !
eluding sea food)
j
Other food stores
j
Beer and liquor stores |
(packaged)
i
General stores (with food)^j

1929=100

|
_i Per-capita sales
I
(dollars)
!
1933

|
! Active proprietors
i and firm members
!

1935

1933

51.0

66.8 I 199.07

470,149

530, 782

6,776,280

8,318,326

62.5

76.8

53. 88

65.23

488, 909

163, 538

188, 622

1,803,242 | 2,202,641

52.3

63.9

14. 34

17.27

161,216

257.14

! Employees
(full
j and part time),
j average for the
; year

1935

1933

T o t a l pay roll
(thousands of dollars)

1933

1935

, 574, 341 1,510,094 13,433,652 |3, 899, 927 2,910,445 | 3,568,398

681,382 j 738,999

i
592,290 j

657,650

170,356 i 144,870 i 155,393

113,590 j

125,220

489, 379

140,372

165,552

3, 201, 042

4,123,902 i

82.0

105. 6

25. 45

I
32.34 I 142,881

147, 963

309,417 j 357,202

253,174

302,072

38, 344
127, 895

39, 474
137,134

491, 866
1, 280,130

609,415 |
1,382,368 I

36.8
59.6

45.6
64.4

3.91
10.18

4.78
10.84

42,155
142,657

39,234
131, 826

47, 552
179, 543

51,176
175, 228

44,153
181, 373

48,794
181, 558

12,063
66,589

16, 730
1, 097,437

325.071 i
1,099,079

42.7

42.8

.13
8.73

2.55
8.62

4.203
103, 014

8,907
66, 721

1,603
88, 597

16, 325
81,811

44,708

3, 891, 272

4,423,687

60.4

68.6

30.94

34.69 !

43,665

32, 143

686, 551 | 699,100

1,361
58, 294
535, 201

17, 534
59, 651
576, 992

28,583
4,204

521,653
668, 145 |
2,544,960 I 3,104, 671

56.2
58.5

43.8
71.4

5.31
20.24

4.09
24.35

35, 229
783

94, 797
436,405

64, 680
460, 260

65,483
387, 833

47, 984
436, 080

11,921
95,147
20,785
7,871

678,
1, 923,
489,
185,

2, 598, 250
651,037
359, 096

75.0
45.4
41.0
33.6

88.2
61.3
54. 6
65.0

5.39
15. 29
3.89
1.47

6.25
20.38
5.11
2.82

7,653
77, 790
19, 055
5,604

25, 519
783
5,841
73, 273
17,155
6,050

155,349
263,412
51,517
27, C60

174,160
320, 297
57, 488
46, 780

81,885
244,473
57,858
26, 314

92, 928
331,869
73,739
47,144

17,759
18,836
24, 697

21,839
18,606
26, 046

134,999

116,553

568, 392
424, 592
255, 874
2, 88/, 525

769,
491,
326,
4, 626,

815
722
580
564

52.3
52.6
42. 5
36.9

70.8
60.9
54.3
59.1

4.52
3.38
2.03
22.96

6. 04
3.86
2.56
36.28

16, 501
14, 406
22, 224
152, 635

17, 033
11, 642
21. 393
113, 149

83, 201
48, 787
52, 847
326, 560

104, 469
54, 937
56, 623
376, 774

71,018
45,455
43, 828
312, 608

30, 646
86,454!
17,899
170,404

35,017
66,183
15,353
196,649

2,127, 720 3,871.899
519,827
368,404
386,261
239,978 i
1,531,724 1, 961, 780

33.2
66.2
37.7
85.7

60.4
46.9
60.7
109. 8

16.92
4.13
1.91
12. 18

30.36
2.89
3.03
15.38

33,823
101,175
17, 637
156,451

30, 222
71, 571
11,356
179,811

203, 362
92, 203
30, 995
171,812

266, 410
62, 926
47, 438
201,611

204,818
76,216
31,574
151,938

100, 594
54, 766
55, 626
436, 305
325,127
54,775
56, 403
174,409

42,976

45,001

958,780 | 1, 200, 464

34.8

45.8

7.62

39, 623

35, »28

158, 040

169,127

164,833 |

205,980

9, 750
8,172

14, 026
4,309

195,531 |
117,030 I

371, 603
57, 406

51.5
20.8

97.9
10.2 I

4,219

47, 773
18, 832

63. 549
6, 102

43,797
18,654

19,573]

19,603

593, 965

737,

82,212

85,032 |

92,513 I 109, 314

35.6

45.9

5,481

7,063

52, 254

93, 687

76,098

72,784

1, 342, 705

1, 847, 453

34,9

21,015
22, 844

21,039
26, 951

603, 416
311, 321

861, 160
466, 552

3,767
85,839 I

49,712

I
j
34,122 j
3,544
I
12,046
86,548
19,491
5,765

167
333
104
371

797,

363

177,165

286, 828
232, 913
1, 661, 499
723, 996
1, 226, 491
597, 350
122, 471
1, 997, 786

9,580 j

4,189

4.72

5.79

21,069

17,174 I

.42

.73

5,713

6, 628

48.0

10.68

14.49

72, 054

60,050

30.5

43.5

4.80

61.5

2.48

6.75
3.66

13, 286
25, 078

10, 798
26,423

39.9
39. 2
62. 3

36. 4
78. 2

768

22,281
15,214 j 250,803
170,434! 153,232 1,324,387
29,901 j 97,852
105,551
58,407!
56,519 1,066,252
21,644 j 20,231
463,344
20, 869 ! 22, 517
105, 275
104,372! 118,454 1,546,630
!
\
20, 175 j 15,340!
189,756
23, 875 I 35,176 j 623, 077
14,313 j 12.390
175,066
7,728 i 11,262
66,495
38,281 I 44,286
492.236

9,958

2.91
.45

1.41

182.696
84 L, 115
233, 001
98,602
642,372

|

'~63."lT 72.6
53.4
41.4
71. 1
41.5

82.7
53.7

46.3
61.5
32.6

44.6
83.0
43.4

31.7

42.0

1.99
10.53
.84
8.48
3.68
.84
12.30
1.51
4.95
1.39
.53
3.91

1.S3
13. 03
5.68
9.62
4.68
.96
15.68
1.43
6.60
1.83
. 77
5.04

14, 444

9,869 |

16, 119

189,195

192,191

187,058 |

220, 720

84, 202
35, 708

90,256
45,761

87,222 |
34,943

109,98H
48, 541

15,637 i

21,974

9, 223

17,264 |

21,773

23,068
100,688

m

13, 021
156, 470
100, 799
48,244
17, 556
22, 527
105, 237

52.021 |
408,391 !
21,039 !
147,551 !|
37,996
22,237 i
229,286 |

34, 401
491, 673
151, 009
158,379
37, 556
20, 821
244, 254

20,326
23,324
14; 370
8, 342
34,326

13, 709
31, 578
11, 077
11,001
37, 872

19,091 j
81,534 !
23,827 !
12,955 !
91,879 i

11,089
|
22,001 !
198,209 !
33,759 I

9,808

73, 063
7,484

15,097 !
91,022 !
25,571 !
17, 295
95, 269

49, 256
248,034
13, 707
126, 504
31, 544
15, 376
227, 224

40, 231
308,095
108,350
144,084
35, 727
16, 909
274,114

14, 293
80,943
29, 620
11,588
90, 780

13, 806
103,794
35, 294
15, 935
105, 285

SURVEY OF CURRENT BUSINESS

December 1936

More Retail Establishments Than in 1929.

17

pay rolls in retail establishments. The average number of employees, both full-time and part-time, increased 14 percent from 3,433,652 in 1933 to 3,899,927
in 1935, while pay rolls increased 23 percent from
$2,910,445,000 in 1933 to $3,568,398,000 in 1935.
Although available reports do not separate parttime and full-time employment, the separation of pay
rolls into these two groups shows that the 23-percent
increase in total pay roll consisted of a 25-percent gain
in full-time pay roll and a 5 percent decline in the
amount received for part-time service. This indicates
that the failure of total employment to increase more
nearly in proportion to sales was a result of the more
steady employment afforded persons who were previously working short hours. Final tabulations, when published, will indicate the true extent of this development.
In any case, whether as a result of fuller employment, of higher wages, or of a combination of the two,
the average pay of employees in retail establishments,
both full-time and part-time, increased 8 percent—
from $848 in 1933 to $915 in 1935.
Incomplete as the preliminary reports are, the Census
of Business retail trade data indicate an appreciable
recovery in sales, number of employees, and pay rolls
in all sections of the country. Preliminary data are
now available for each State and also for each city of
more than 500,000 population. These provide data
relative to the number of stores, amount of sales,
number of proprietors and employees, and amount of
pay roll for each kind of business.
The Bureau of the Census states: "Final reports will
follow as rapidly as they are completed. Area tables
will show stores, sales, personnel, and pay roll for each
city and town of more than 2,500 population and for
remainder of each county, and stores and sales by
kinds of business (54 classifications in cities of more
than 50,000 and 12 classifications in smaller places and
Number of Active Proprietors Decreased.
for each county). Other tables will present data in
Despite the 8-percent increase in the number of
considerable detail on operating expenses, rental rates,
retail establishments from 1933 to 1935, the number
employment by months, pay rolls, types of operation
of active proprietors declined. According to the
(independents, chains, mail order, house-to-house, etc.),
census definition, active proprietors include "proprietorcredit businesses, distribution of sales by size of business
owners devoting the major portion of their time to the
and by city-size groups, and the nature and proportion
business. They are not included in the count of
employees, nor is their compensation included in the of the various commodities sold by each kind of store.
"Special-subject reports will include tables and pertipay-roll totals. Corporate officers and executives of
nent
census facts on food retailing, liquor retailing,
corporations are not proprietors." This group numapparel
retailing, the retailing of automobiles, gasoline
bered 1,510,094 in 1935 as compared with 1,574,341 in
and
oil,
furniture and household appliance retailing,
1933. It is true that last year's figure will be somedrug
retailing,
and others."
what increased when final reports are available, but
Classification
of individual stores should be better
the States from which little, if any, additional data
than
in
1933
because
of more complete information on
are expected show a definite decrease in the number of
the
schedules.
For
the
same reason it is expected
proprietors.
that the 1935 Census of Business report on Retail
Employment up 14 Percent, Pay Rolls 23 Percent.
Distribution will be more comprehensive and should
The increase in sales from 1933 to 1935 was accom- give a more accurate picture of the field than did the
panied by a substantial gain in both employment and preceding report.
The census of 1933 revealed remarkably little change
in the number of retail establishments during the period
of severe contraction in sales and prices subsequent to
1929. Reports now available for 1935 reveal an increase of 8 percent, or almost 123,000, in the number
of establishments in comparison with the figures reported for 1933. The increase would be even larger
if some 29,500 established, previously classed as bakeries, garages, heating and plumbing shops, and electrical
shops had not been transferred from retail trade to
other census classifications.
This gain was mainly a result of increases in the
following classes: Food stores, beer and liquor stores,
filling stations, drinking places, and fuel and ice dealers.
Against this can be set the decline in the number of
stores engaged in the sale of general merchandise,
garages, and eating places. This cannot all be interpreted to mean an actual change in the establishments
themselves, but rather in part to a change in classification due to the policy of classifying each concern according to its principal line of business. This policy would
account for a large part of the shifts, for example, from
garages to filling stations and from eating places to
drinking places. However, there can be no doubt but
that beer and other liquor establishments, packaged
and otherwise, first legalized in December 1933, contributed a major portion of the increase. In 1933,
there were 204,102 stores classed as beer and liquor
stores, eating and drinking places, as against 263,147
in 1935, a gain approximately half the total gain
reported in the number of retail establishments.
Geographically, but three States, other than those
for which returns are yet incomplete, had a fewer
number of retail establishments in 1935 than in 1933.
These States are Nebraska, Oklahoma, and Wisconsin.

108290—36

3




18

SURVEY OF CURRENT BUSINESS

December 1936

ADMITTED ASSETS OF UNITED STATES LIFE INSURANCE COMPANIES l
[Thousands of dollars]
Bonds and stocks held (book value)

Mortgage loans
Year and month

1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1928 monthly
1929 monthly
1930 monthly

average
average
average
average
average
average
average
average

January
February..
March
April
May
June
July
August
SeptemberOctober
November.
December.-

1931

Monthly average..
January
February
March
April
May
June
July
August
September
October
November
D ecember

1932

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

1933

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

Monthly average

Total

Farm

Other

Total

Government

Public
utility

!

Railroad I Other

Policy
loans and
,, premium
! notes

7, 319, 791
7, 992, 584
8,834,711
9, 814, 378
11, 045, 248
12,142, 765
13, 395, 972
14, 631, 263

2, 649, 924
3, 090, 996
3, 554, 768
4,148, 911
4, 820, 337
5, 261, 077
5, 758, 490
6,116,487

1, 248, 807
1, 395, 439
1, 488, 094
1, 555, 723
1, 636, 204
1, 599, 306
1,594,294
1,567,226 I

1,401,117
1, 695, 557
2, 066, 674
2, 592, 355
3,184,134
3, 661, 772
4,164,196
4, 549, 261

3, 314, 873
3,412,714
3, 634, 016
3, 868, 541
4,179. 868
4, 616, 985
5, 091, 696
5, 514, 671

1, 216, 791
1,117,444
1, 051. 327
968, 955
936, 537
930, 899
1, 030, 278
1, 074, 023

275, 786
358, 740
511,896
677, 886
849, 468
1, 097, 463
1, 256, 488
1,433, 036

1, 749, 605
1, 84S, 835
1,974,361
2, 117,057
2, 251, 190
2, 384. 610
2, 504, 038
2, 599, 951

72, 691
87,638 !
96, 432
104,644
142, 6f,4
203, 727
300, 893
407, 661

912,279
977, 558
1,050,920
1, 156,154
1, 304, 848
1, 440, 164
1.646,682
1,979.966

15, 238, 263
15, 318, 656
15, 417, 2S1
15, 505, 715
15, 611, 639
15,711,993
15, 817, 898
15, 909, 079
15, 972,169
16, 062, 804
16,123,857
16, 201, 640

6, 243, 024
6, 254, 517
6, 261, 298
6, 262, 928
6, 276, 572
6, 286, 715
6, 283, 535
6, 288, 372
6, 291, 733
6, 309, 208
6, 314, 779
6, 309, 875

I
1, 550, 499
1, 550, 250
1, 542, 708
1, 539, 563
1,536,427
1, 533, 279
1, 531,174
1, 529,176
1, 526, 354
1, 523,117
1,519,213
1, 508,117

4, 692, 525
4, 704, 267
4, 718, 590
4, 723, 365
4, 740,145
4, 753, 436
4, 752, 361
4, 759,196
4, 765, 379
4, 786, 091
4, 795, 566
4,801, 758

5, 731, 806
5, 782, 738
5, 805,173
5, 863, 722
5, 885, 692
5,958,118
6, 004, 255
6, 060, 500
6,110, 958
6,127,141
6,133, 536
6, 135, 315

1, 102, 531
1,104, 373
1,116,008
1,130, 587
1,160, 480
1,184, 318
1,207,608
1,251,985
1, 285, 655
1, 278, 091
1,278,809
1, 283,122

1, 530, 940
1, 557, 848
1, 563, 093
1, 589,817
1, 595, 759
1, 628, 044
1, 646, 034
1,651,397
1, 647,102
1, 648, 738
1,650,826
1, 651, 501

2, 632, 521
2, 647, 639
2, 650, 855
2, 659, 785
2, 652, 536
2, 653, 080
2, 657,191
2, 662, 896
2, 668, 605
2, 686, 282
2, 688,276
2, 685, 500

465, 814
472,878
475, 217
483, 533
487, 917
492, 676
493, 422
494,222
509, 596
514, 030
515, 625
515,192

2, 179, 737
2, 208, 393
2, 239, 290
2, 266, 202
2, 296, 855
2, 328, 579
2, 352, 802
2, 374, 315
2, 410. 520
2,471.701
2. 507. 274
2, 556, 680

15, 740, 916

6, 281, 880

1, 532, 490

4, 749, 390

5, 966, 580

1,198, 631

1, 613, 425

2, 662, 097

493, 344

2, 349. 362

16, 294, 562
16, 371, 050
16,406,005
16. 415, 206
16, 466, 452
16, 473, 569
16, 512, 059
16, 547,176
16, 607, 565
16, 664, 336
16, 662, 509
16,750,209

6, 323, 591
6, 319, 788
6, 309, 554
6, 292,114
6, 270, 660
6, 244, 525
6, 219, 460
6,194, 975
6,166, 679
6,135, 504
6, 094, 696
6,062, 908

1, 507, 612 4,815. 979
1, 501, 791 4,817,997
1, 493, 543 4,816,011
1, 483, 346 4,808, 768
1,472,925 4, 797, 735
1, 462, 739 4, 781, 786
1, 455, 056 4, 764, 404
1, 447, 705 4, 747, 270
1, 438, 740 4, 727, 939
1, 428, 882 4, 706, 6?2
1,410.330 4, 684, 366
1,397,550 4, 665, 358

6, 133. 309
6,147, 336
6,147, 718
6,138, 986
6,142, 980
6,140, 560
6,144,476
6,160, 824
6,172,456
6,188. 407
6, 194, 988
6, 201, 920

1, 285, 414
1, 298, 301
1, 297, 474
1, 299, 579
1, 308, 066
1.312,927
1, 322, 069
1, 338, 878
1, 348, 473
1, 360, 222
1, 372, 833
1, 395,103

1,648,840
1, 656, 641
1, 661, 983
1, 658, 644
1, 657, 575
1,653,983
1, 654, 752
1, 653, 559
1, 653, 979
1,655,725
1,659,165
1,654,930

2, 682, 355
2, 678, 390
2, 674,437
2, 670,459
2, 665, 108
2, 660, 078
2, 656, 995
2, 654, 990
2. 652, 068
2, 649, 347
2, 648, 843
2, 638, 534

516, 694
514, 004
513,824
512, 304
512, 231
513, 572
510, 660
513, 397
517,936
523,113
514,147
513,353

16, 514, 225

6, 219, 538

1, 458, 352

4, 761,1S6

6,159, 497

1, 328, 278

1, 655,815

2, 660, 967

514,603

16, 798, 305
16, 816, 225
16, 813, 549
16,852,511
16, 879, 580
16, 862, 695
16, 938, 764
16,965,499
16, 993, 475
17, 042, 642
17, 080, 870
17,046,515

6, 037, 408
6,004, 309
5,960, 636
5, 929, 327
5, 888,123
5, 836, 950
5,804,167
5, 764, 488
5, 722, 571
5, 675, 095
5, 628, 865
5, 578,964

1, 389, 575
1, 377, 638
1, 363, 733
1,352,667
1, 339, 042
1,317,589
1, 307,172
1, 295, 618
1, 282, 380
1, 262. 042
1,244,810
1, 230, 420

4, 647, 833
4,626,671
4, 596, 903
4, 576, 660
4, 549. 081
4, 519, 361
4, 496. 995
4,468,870 ,
4, 440,191
4,413,053
4, 384, 055
4, 348, 544

6, 208, 365
6, 230, 026
6, 237, 823
6, 246, 883
6,237,943 !
6,264,849 '
6,297,215
6, 358, 529
6, 395. 755
6, 448, 262
6,568,171
6, 592,353

1, 400, 697
1, 422,092
1, 442, 917
1, 460, 677
1, 460, 653
1, 490, 024
1, 517, 027
1, 562,123
1, 590, 670
1, 642, 663
1, 755, 617
1, 828, 086

1, 655, 362
1, 657, 334
1, 654, 460
1,650,918
1, 650, 291
1, 653, 378
1, 656, 243
1,666,171
1, 673, 409
1, 675, 888
1, 680, 945
1, 678, 261

2, 637, 715
2, 636, 584
2, 631,195
2, 627.134
2, 617,826
2. 613, 086
2, 614. 590
2, 618, 423
2, 618, 832
2, 618, 203
2,619,601
2, 584, 287

16, 924, 219

5, 819, 242

1, 313, 557

4, 505, 685

6, 340, 515

1, 547, 771

1, 662, 722

|
2,619,790 j

514, 591
514,016
509, 251
508,154
509.173
508,361
509, 355
511,811
512, 844
511, 508
512,008
501, 719

17,128, 149
17, 174, 277
17,189,078
17, 245, 837
17, 315,178
17, 384,164
17, 487,191
17, 552, 240
17, 621, 646
17, 716, 971
17, 807, 352
17, 862, 383

5, 542, 788
5, 498, 832
5, 440, 530
5, 386, 969
5, 328, 657
5, 264, 750
5, 203, 583
5,131, 823
5,072, 202
5, 008, 614
4, 928,160
4, 848,126

1, 210, 934 4, 331, 854
1, 189, 559 4, 309, 273
1,160, 125 4, 280, 405
1,139, 363 4, 247, 606
1,120, 380 4, 208, 277
1, 097, 842 4,166,908
1, 073, 232 4, 130, 351
1, 043. 335 4, 088, 488
1,019,370 4, 052, 832
997, 481 4,011,133
967, 921 3, 960, 239
946, 101 3,902,025

6, 670, 715
6, 729, 706
6, 761,969
6, 834, 631
6, 882, 883
6, 973, 544
7, 095,104
7,160, 687
7, 351, 734
7, 478, 038
7, 562, 082
7, 791, 667

1, 883,135
1, 936, 994
1, 959, 441
2, 012. 549
2, 036, 752
2,105, 459
2,191, 673
2, 225, 113
2, 394, 249
2, 491, 418
2, 564, 319
2, 790, 310

1, 693, 632 2, 588, 885
1, 695,883 2, 587, 671
1,700,130
2, 584, 262
1, 703, 953 2, 586, 624
1,711,596
2, 584, 959
1, 716,109 2, 591, 298
1, 723, 343 2, 604, 961
1, 733, 390 2, 614, 986
1, 737, 507 2, 617, 250
1, 741, 299 2, 624,132
1, 767, 361 2, 627, 862
1, 773, 587 2, 626, 491

17, 457,039

5, 221, 253

1,080, 470

4, 140, 783

7, 107, 730

2, 215, 951

1, 724, 816

2, 603, 282

563, 681 | 2. 861, 749

17,998,002
18, 067, 943
18,122, 426
18, 201,039
18, 296, 907
18, 384, 523
18,511,719
18, 600, 579
18, 701, 022
18,803,668
18, 921, 935
19, 008,147

4, 808, 519
4, 751, 694
4, 699, 331
4, 649, 479
4, 600, 932
4, 563, 355
4, 522, 461
4, 481, 256
4, 445, 430
4, 431,072
4, 408, 298
4, 376, 736

928, 952
913, 552
895, 382
880, 336
865, 208
852,138
840, 469
828, 256
818, 038
817, 202
808, 682
804, 365

3,879, 567
3,838,142
3, 803, 949
3, 769,143
3, 735. 724
3,711,217
3, 681, 992
3, 653, 000
3, 627, 392
3, 613,870
3, 599, 616
3, 572, 371

7, 905, 984
7, 971, 251
8, 051, 436
8,153, 628
8, 277, 486
8, 325, 588
8,478,112
8, 586, 905
8, 643, 819
8,802, 088
8, 893, 214
9,109, 883

2,864, 444
2, 942, 704
2, 996, 443
3, 069, 452
3,146, 750
3,183, 348
3, 245, 948
3, 298, 601
3, 366, 812
3,494, 728
3, 549, 271
3, 781, 221

1, 787, 914
1, 794, 728
1, 811, 433
1, 831, 043
1, 862,110
1, 869, 080
1, 954, 027
1, 978,185
1, 960, 468
1, 978, 283
2, 026, 207
1, 996,175

2, 627, 954
2, 632, 913
2, 634,493
2, 640, 408
2, 635, 902
2, 634, 059
2, 619, 284
2, 623, 233
2, 629, 369
2. 631,023
2, 617, 679
2, 592, 287

625, 672
600, 906
609, 067
612, 725
632, 724
639,101 |
658,853
686,886
687,170 i
698,054 I
700,057 !
740,200 |

2, 823, 688
2, 816,192
2, 808, 729
2, 803, 395
2, 796,457
2, 791, 502
2, 783, 898
2, 776, 565
2, 770,167
2, 760,973
2, 749, 443
2, 740, 930

18,468,159

4,561,547 i

854, 382

3,707,165 I 8,433,283

3, 244, 977

1, 904, 138 I 2, 626, 550

657.618 !

2. 785, 162

1934

Montly averageJanuary
February-_
March
April
May
June
July
August
September.
October
November.
December. _

Total
admitted
assets

1935

!

2. 616, 870
1 2, 665. 889
! 2, 702. 534
2, 745, 719
2, 787 025
| 2, 830! 549
2, 846, 046
2. S7S, 343
2, 893. 048
! 2. 9( 3. 675
| 2, 899, 774
2,906,081
2, 806, 346
!
i
i
1

2, 925, 645
2, 936, 069
2. 933,103
2, 944, 896
2. 946, 085
2. 929. 096
2. 923. 169
2, 916, 593
2, 910, 534
2, 903, 961
2, 898, 450
2, 907, 281

510,233 |

2,922,907

505, 063
509, 158
518,136
531, 505
549, 576
560, 678
575,127
587,198
602, 728
621,189
602, 540
601, 279

2, 906, 367
2. 895, 874
2, 883, 685
2, 875, 147
2, 867, 814
2, 858, 925
2, 853. 970
2, 850. 358
2, 847,178
2, 841, 336
2, 830, 590
2, 829, 743

i Compiled by The Association of Life Insurance Presidents and supersede data shown in the 1932 Annual Supplement, pp. 82 and 83, in the July 1933 issue, p. 18,
and in monthly issues until the October 1936 issue. The above data are compiled from the reports of 37 companies who held 82 percent of the total admitted assets of
all United States legal reserve companies at the end of 1935. The data are given as the end of each month and are designed to show the fluctuations in the various kinds
of investments held by life-insurance companies. Admitted assets are those used in the determination of a company's statutory surplus. The valuations here given on
stocks and bonds are book values. In addition to the items listed above, the total assets also include real estate, collateral loans, bills receivable, interest due and accrued,
and deferred and unpaid premiums, etc. Of the amounts represented by bonds and stocks held at the end of 1935, 94.7 percent were bonds, 4.3 percent were preferred
and guaranteed stocks, and 1 percent common stocks. For 1936 data, see p. 33 of this issue.




December 1936

19

SURVEY OF CURRENT BUSINESS
COST OF LIVING IN THE UNITED STATES, BY MAJOR ITEMS
[Monthly average, 1923 = 100]

Month

1914 1915 1916 1917 1918

1919

1920

1921

1922

1923

1924

1925

1926

1927

1928

1929

1939

1931

1932

1933

1934

1935 1936

103.4
102.4
101.9
101.9
102.4
103.0
101. 5
101.2
101.4
101.7
101.9
101.6

101. 5
100.6
100. 6
100. 3
100.5
100 1
100. 3
100.4
101.3
100.9
100.7
100.1

99.8
99.7
99.2
99.0
99.0
99.4
100.3
101.
101. J
101. 2
101.0
100.3

99.7
99.0
98.5
98.7
98.1
97.5
95.8
95. 1
95.9
95.4
94.3
92.9

91. 5
90.1
89.5
88.8
87.7
86. 6
80. f
86.4
86.1
85. 2
84.2
83.2

81.6
80.3
80.0
79.3
78.3
77.6
77. 5
76.9
76. 6
76.0
75.6
74.9

73.7
72.2
71.8
71.7
72.3
73.1
75.7
77.3
78. 2
78.0
77.8
77.4

77.7
78.5
78.8
78.7
79.0
79.2
79.3
79.7
80.8
80.5
80.4
80.3

81.2 83.9
82.0 83.5
82.0 83.2
82.8 83.4
82.6 83.8
82 6 85.1
82.4 85.2
82.4 85.6
82.7 85.9
83. C 85.7
83.4
83.9

97.4 100. 0 101.3 103.7 104.3 102.0 1C0. 6 100.1

96.7

87.2

77.9

74.9

79.4

82. 6

97.8
96.2
96.1
95.0
92.8
92.5
91.0
89.3
90.5
88.8
87.7
86.6

84.6
84.4
83.2
82.0
80.7
79.9
78.6
78.6
78.5
75.4
74.2
73.8

72.0
70.4
69.7
68.4
66.9
65.7
64.8
64.3
64.2
64.4
64.0
63.5

62.6
61.8
61.2
60.7
60.7
61.6
63.9
70.0
75. 6
77.7
77.8
77.4

77.3
77.5
77.7
77.9
77.8
77.3
77.0
77.2
77.6
77.5
77.4
77.3

76.9
76. 3
76.0
75.4
75.0
74.5
74.4
74.2
74.3
74.4
74.5
74.6

92.0

79.5

66. 5

67.6

77. 5

75.0

106.8
105. 6
104. 2
105. 5
104.8
103. 4
99.6
98.7
100 4
no.
3
109. 9 99.9
109 0 97 2
108.0 94.1

91.1
87.8
86.9
85.7
84.4
82.3
82.4
82.6
82 3
81.6
79.9
77.8

74.4
72.0
72.2
71.8
70.0
69.1
69.8
68.5
68.1
67.7
67.0
66.1

63.9
61.4
61.1
61.4
63. 8
66. 3
72.5
73.5
73.4
72. 7
72*3
71.2

72.0
74. 1
74.4
73.7
74.6
74.8
75.2
75.9
78.8
77.4
76.9
76. 1

79.2
81.4
81.3
83. 4
83. 2
83.2
81.9
81.3
81 7
81.9
82 7
83.8

99.1 107. 2 110.6 107.0 105.6 106. 9 101.7

83.7

69.7

67.8

75.3

82.1

COMBINED INDEX
January
_ _
February
March
April
May
June
July
August
September
October
November
December
Monthlv average

61. 3 61.0 65.4 77.6

115.1
116 2
95.6 118.1
121. 5
122.8
123 1
90 5
102. 4 122.6
118.4
117.7
116.6
97.8 109.0 115. 7
111.0

108. 5
104 1
103.4
102.1
100. 6
100 3
101.3
102.2
101.7
101. 4
101.1
100.3

118.2 102.3

98. 6
98 4
96.7
96.9
97.1
97 3
97.2
96.4
96.7
97.3
97. 8
97.8

97.8
97 5
98.6
98.8
99.7
99 6
100. 6
100. 5
101.4
101. 5
102.2
101. 8

101.7
101.4
101.1
100.8
100.7
101.0
100.7
101.1
101.2
101.8
102.0
102.2

103.0
102. 2
102.2
102.0
102.4
103.5
104.4
104.3
104.0
104. 6
106.2
105.8

105.7
105.2
104. 9
105.1
104.7
101.3
103.4
102.8
103. 3
103. 6
104.0
104.0

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

158 7 109.9
162.8 102. 3
106.4 162 8 102.3
169.3 99.4
168.7 98.8
104.1
162.3 95.2
~58.~8 ~60."6 "70." 5 "84." 1
156. 4 96.4
149.9 93.5
149.9 92.3
145.8 94.1
113.5 138.2 134.0 94.7
120. 5 92.3

-lire

153.4

..... .....

97. 6

102.3
101.1
101.7
100. 5
101.1
102.3
102.9
102.9
103. 5
103.5
103.5
104.1

103.5
103. 5
103.5
102.9
102.9
102.3
101.7
101.7
102.3
101. 7
101.7
102.3

101.7
101.1
101.1
101.1
100. 5
99.4
99.4
99.9
100. 5
99.9
100.5
100.5

101.1 99.3
100.5 100.0
101.7 97.6
100. 5 98.8
100.5 98.2
1C0. 5 98.1
102.3 97.7
101.7 99.5
102.3 98.6
101.7 99.0
101.1 98.8
99.9 99.3

91.7
91.7
90 5
91.1
91.7
89.9
90.5
89.9
91.1
92.3
94.1
91.7

94 1
95.2
98 8
98.2
102.3
99.4
99.9
100.5
102.9
103 5
102. 3
102 9

103. 5
104.1
102 3
104.1
103.5
102. 3
100.5
103.5
102.3
104.1
101.7
101.7

91.4

100.0

102.8 102. 5 102.5 100. 5 101.2

98.7

74.5
74.1
74.0
73.8
73.6
73.3
73.0
73.2
73.6
73.8

FOOD
January
._ _
February
March
April
May
.- __June
July
\ugust
September
October
November
December
Monthly average

133. 6
134.3
113.4 135.9
143. 3
146.8
149. 2
104 8
66.1 64.8 71.5 94.3
123.6 147.2
136.6
132.4
129 9
118 6 125 7 127 5
118.2

114. 7
105.1
104.3
102.3
97.9
98.5
101.1
105.4
104.3
103 9
103 2
101. 8

136. 2 103. 5

96.9
97.0
95.5
95.9
96.3
97.7
98.1
95.2
95 3
96.8
98 1
98.8

97.9
96.7
96.6
98.0
98 6
99.3
101.5
100.9
102 8
102.7
103 0
101.6

96.8 100. 0

101.1
100.1
98.0
96.6
96. 7
98.1
98.2
98.2
99 4
100.4
101 0
101.6

103.8
102. 0
102.1
102. 5
103 6
106.4
109.6
109.7
108 5
110.4
114 4
113. 5

113.3
111.8
111.3
113.1
112.2
111.2
108. 7
107.2
108.5
109.4
110 4
110. 4

108.7
106.4
105.0
105.8
108.0
111.0
106.7
105.2
105.6
107.0
107 4
106.9

106.5
104.3
104.3
104.6
105. 7
104.7
104.7
105.5
107.8
106. 7
106 7
105.4

104.9
104.5
103.6
103. 0
104.6
105.9
108.8
110.4

83. 5
82.3
81.0
81.0
81.7
85.6
85.8
85.8
86 1
84.6

FUEL AND LIGHT
January
February
March_ _ _
April
MayJune.
July
August
_.
September
October
November
December
Monthly average

87.5 110.5 99.3
87.5 109.5 98.7
87.9 104.1 97.1
89.3 99.7 97.1
91.3 99.3 97.1
94.4 99.3 97.1
83.2 96.9 99.9 96 5
98.6 99.9 99.9
103.0 99.9 102.9
105.7 99.9 102.9
86.4 110.5 99.7 103.9
110.5 99.7 104.3
82.8

76.2
63.3 63.0 64.1 71.9

80.5

96.9

101.8

99.7

104.3
104.3
103.4
100.3
99 3
99.3
98 6
98.6
98.6
99.3
98.3
98.3

97.6
97.6
96.0
93.9
92.6
92.6
92 9
92.9
92.9
93.6
94.3
94.6

94.6
94.6
94.5
92.5
91.8
92.1
92.7
93.1
94.4
95.1
97.2
96.5

96.8
97.8
96.1
94.1
92.4
93.2
93.2
93.5
94.2
95.2
98.6
98.2

97.8
97.2
96.8
94.1
93.4
93.8
93 8
94.1
94.8
95.1
95.1
95.1

95.1
95.1
95.1
93.4
92.4
92.1
92 5
92.8
93.5
94.2
94.5
94.9

94.6
94.6
94.6
93.2
91.7
91.6
91 9
92.3
93.1
94.0
94 3
94.4

94.5
94.3
94.3
93.7
91.7
91.2
91 1
91.4
92.1
92.7
92 9
92.9

92.8
92.6
92.4
90.6
89.0
89.0
89 3
89.6
90.1
90.5
90.5
90.3

90.0
89.6
88.9
87.0
85.7
85.6
85 3
85.5
86.0
86.3
86 5
86.3

86.0
85.9
85.8
84.6
82.8
82.2
82 6
84.3
85.9
87.0
87 4
87.5

87. 1
87.1
87.1
86.5
85.7
85.8
86.4
86.9
87.4
87.5
87.6
87.5

87.2
87.2
87.2
86.1
84.0
83.8
83 9
84.1
84.8
86.3
86 7
86.8

100.0

94.3

94.1

95.3

95.1

93.8

93.4

92.7

90.5

86.9

85.2

86.9

85.7

77.1
76.2

62.7
62.8
63.1
63.7
64.2
64.6
64.7
65.4
66.0
66.4
66.6
66.8

66.9
67.4
67 9
68.7
69.6
69.9
70.5
71.5
72.1
72.7
73.0
73.4

64.8

70.3

86.9
87.1
87.1
86.7
84.7
84.5
84 7
85.0
85.6
86.2

HOUSING
January
February.
March
April
MayJune
July
August..
September
October
November
December
Monthly average

70.4
66.4
"57." 7 57.7 ~58.~6 60.6

Footnote at end of table.




~~73.~9

69.3

79.7

82.6
83.7
86.0
86.6
87.2
87.2
91.2
91.2
91.8
91.8
95.8
95.8

95.8
95.8
98.7
98.7
98.7
98.7
97.6
97.6
97.6
97.6
97.6
97.6

97.6
97.6
95.3
95.3
95.3
95.3
95.3
95.3
95.3
95.3
96.4
96.4

96.4
96.4
98.2
98.2
99.3
99.3
101.0
101.0
101.0
101.0
103.9
103.9

102.2
102.2
102.2
101.6
101.6
101.6
101.6
101.0
101.0
100.5
100.5
99.9

99.9
99.3
99.3
98.7
98.2
97.6
97.0
97.6
97.0
96.4
96.4
95.8

95.8
95.3
95.3
94.1
94.1
93.5
93.0
93.0
93.0
93.0
92.4
92.4

92.0
91.9
92 0
92.1
92. 1
92.0
92.0
92.0
92.3
92.1
92.0
91.7

91.6
91.3
91 1
90.8
90.6
89.9
89.1
88.5
88.7
88.0
87.5
86.7

85.9
85.3
84 6
84.1
83.5
82.6
82.0
81.5
80.7
80.3
79.3
78.5

74.6
73.5
72.4
71.7
71.2
70.5
69.6
68.7
67.5

66.4
65.4
64 6
64.0
63.5
63.4
63.2
63.2
63.6
63.2
62.8
62.8

89.2

97.7

95.9

100.0 106.3 104.1 101.3

97.8

93.7

92.0

89.5

82.4

72.4

63.8

103.9
103. 9
106.8
106.8
106.8
106.8
107.4
107.4
106.8
106.8
106.2
106.2

106.2
105.7
105.1
105.1
105.1
105.1
103.3
103.3
102.8
102.8
102.8
102.2

73.9
74.1
74 7
75.9
77.1
77.6
78.1
79.3
80.3
80.8

20

SURVEY OF CURRENT BUSINESS

December 1936

COST OF LIVING IN THE UNITED STATES, BY MAJOR ITEMS—Continued
[Monthly average, 1923=100]

Month

1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931

1932

1934

1935

1936

SUNDRIES
January
February __
March
April .
May

June

59 0 59 6 61 4 69.0

July
August
September
October. __
November
December
Monthly average...

103.5
104.1
90.6 107.0
107.0
107.0
107.4
87.7
95 3 107.3
107. 3
108. 2
108.7
90.6 102.3 109.4
109.4

109.4
108.3
105.7
105.7
105.7
105.7
106. 3
105. 5
105.5
104.3
103.9
103.9

103.9
103.2
101.2
101.2
101.2
101.2
100 4
100.4
100.4
100.4
99.0
99.0

99.0
99.0
100.1
100. 1
100.1
100.1
100.1
100. 1
100.1
100.1
100.7
100.7

100.7
100.7
101.2
101.2
101.2
101.2
100.5
100.5
100.5
10Q. 5
101.7
101.7

101.7
101.7
101.7
101.7
101.7
101.7
101.8
101.5
101.5
101.5
102.0
102.1

107.2 105. 8 101.0 100. 0 101.0 .01.7

-----

102.2
102.0
101.7
101.5
101.4
101.3
101 1
101.1
101.1
101.3
101.2
101.2

101.4
101.4
101.5
101.4
101.2
100.9
101 0
101.0
101.1
101.2
101.2
101.2

101.0
101.1
100.7
100.7
100.5
100.7
100 7
100.6
100.6
100.5
100.4
100.4

100.5
100.5
100.5
100.3
99.1
99.0
99 0
99.1
99.1
99.9
100.1
98.9

98.8
98.8
98.8
98.8
99 0
99.0
98 7
98 5
98.4
98.6
98.4
98.2

98.1
97.7
97.7
97.6
96 7
96.3
96 6
96.4
96.2
95.5
95.1
95.0

94.8
94.6
94.0
93.9
94 1
94.0
93 7
93 7
93.5
92.3
92.4
92.2

91.6
90.4
90.3
90.3
90 3
90.2
91 2
92 7
93.1
92.2
92.3
92.3

92.6
92.9
93.0
93.1
93 2
93.3
93 3
93 1
93.2
93.5
93 6
93.8

93.7
93.7
93.8
93.8
93 3
93.5
93 8
93 8
93.8
94.1
94 2
94.2

101.4 101.2 100.7

99.7

98.7

96.6

93.6

91.4

93.2

93.8

94.3
94.4
94.4
94.4
94 4
94.3
94 4
94 5
94.5
94.9

1
Compiled b y the National Industrial Conference Board to show the trend of living costs of wage-earner families. U p to March 1922 t h e prices used are as of the 1st
of the month, a n d subsequently the figures are as of the 15th of each m o n t h . An exception is the index of food prices which is t h e index of t h e U . S . D e p a r t m e n t of Labor
as of the 15th of the m o n t h for t h e period from 1914 through August 1933. Since t h a t time the D e p a r t m e n t of Labor has computed their index on a biweekly basis, and
for the purposes of t h e Conference Board t h e index nearest t h e 15th of the m o n t h has been used, excepting those m o n t h s when 2 reporting periods are about equidistant
from the 15th when an average of the 2 is used.
T h e index is based on a comprehensive list of retail prices and rents. I t is an arithmetic average of weighted relatives, using t h e 1923 average as the base. T h e weights
are based on post-war household expenditures of wage-earner families as determined from studies made in several different cities b y various agencies extending over the
period 1921-28.
For the 5 classifications in the index the weights are: Foods, 33; housing, 20; clothing, 12; fuel and light, 5; and sundries, 30. I n t h e last group, household furnishings
and reading materials are given t h e heaviest weights (4.2 percent each). Church, charity, and gifts, and insurance payments are each given 3.6 percent, a n d recreation,
3.3 percent. Other items included in the miscellaneous group are tobacco, organization dues, physician's fees, carfare, drugs a n d toilet articles, and candy.
For all of t h e groups except housing, t h e individual items contained in each group are weighted according to consumption, as indicated b y the composite results of t h e
family budget studies. For housing, the index is based on t h e average rents of houses and apartments of 4 or 5 rooms, with bath, unheated (except in a few instances where
heated apartments are t h e prevailing type), of the kind occupied b y wage earners. T h e basic data are obtained from renting agencies on rentals paid for newly rented
properties and, hence, the rent index reflects the trend of " m a r k e t " rents. Each group index is computed b y the percent change method which, in brief, relates t h e percent
change between 2 consecutive months in an identical list of items to the index for the earlier of the 2 months, t h u s giving the index for the latest m o n t h .
A detailed description of this index is presented in T h e Cost of Living in the United States, 1914-36, p p . 13-42, published b y the National Industrial Conference Board.

PASSENGER AUTOMOBILES AND VISITORS ARRIVING AT NATIONAL PARKS
[Number]

Passenger automobiles
Year

1919 mo.
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.
1928 mo.
1929 mo.
1930 mo.
1931 mo.

av__
av__
av__
av__
av._
av__
av__
av__
av_.
av__
av__
av__
av__

Visitors
Year

Number

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

3,790
4,593
5,913
7,020
10, 621
12,983
15, 792
20, i"
28,036
29,879
32, 551
38,814
41, 531

Num- i
ber I

1933 1933 1934 1935 1936

Month

10,417
8,778
9,161
12, 328
29, 379
58, 624
96,884
85, 395
43, 588
15, 799
7,597
5,668
31,968

7,131 8,753 10, 621 14,145
7,019 9,980 10, 650 12, 270
6.291 12, 949 10. 319 14,120
11,425 17, 953 16, 713 20, 068
19, 984 28, 918 28,104 43,128
50, 273 64, 679 '4.008 91, 575
182, 958
917 111,573 134,
82, 642 104,934 141,995 175,090
41. 726 48,683 61, 691 77, 712
18,
16, 573 21,883 24,926
10,094 8,858 10, 732
8,081 8,903 11.489
29,451 36,896 44, 408

1919 m o . av.
1920 m o . av.
1921 m o . av.
1922 mo. av.
1923 mo. av.
1924 mo. av.
1925 mo. av.
1926 mo. av.
1927 mo. av.
1928 mo. av.
1929 mo. av.
1930 mo. av
1931 mo. av

23,494
29, 430
31, 581
37, 219
51,840
55,620
70, 6"~
84,178
109, 555
115, 829
123,524
137,300
139,121

1932 1933 1934 1935 1936

Month

January
February^.
M arch
April
May
June
July__,_
August
September
October
November
December
M o n t h l y average—

37, 206 21,392 27, 510 36, 443 49, 643
30, 906 25,485 33, 605 38,375 42,280
29,405 19, 520 44,136 33,818 47,083
39,962 36,412 60,304 57,149 67,767
95, 465 60. 434 90, 548 ' 1,494 144,034
190,808 162, 240 213,
.3,601 245,881 311,391
329, 310 308,572 396,408 485,741
""" " '" 655, 786
r
293, 496 289,045 374,
4, 343 510,473
1,473 622, 721
142, 974 149, 775 164, 322 207,156 258,495
46,872 55,806 51,115 66. 294 77,783
21, 257 28, 312 26, 999 34.087
16, 621 23, 946 29, 032 36,839
106,190 98, 412 125,994 153,471

1
Compiled b y t h e U. S. Department of the Interior, —ational Park Service, from reports of superintendents of t h e following 10 parks: Crater Lake (Oreg.); Glacier
(Mont.), Grand Canyon (Ariz.), Mesa Verde (Colo.); M o u n t Rainer (Wash.); Sequoia and Yosemite (Calif.); Yellowstone (Wyo.); Zion (Utah), beginning with 1920 when
3,692 visitors a n d 644 automobiles entered; a n d Carlsbad Caverns (N. Mex.), beginning with 1930 when 90,104 visitors a n d 28,850 automobiles entered. T h e Glacier National
Park season is from J u n e 15 to September 15; hence the totals include data for this park during the 4 months only. Yearly totals prior to 1932 are totals for t h e travel year,
Oct. 1 to Sept. 30, inclusive. T h e above data represent a revision of t h e figures t h a t were published on p . 122 of t h e 1932 Annual Supplement in t h e m o n t h l y issues until
this issue.

EMPLOYMENT IN IOWA
[Monthly average 1923-25=100]

1922

Month
January

February

Miarch
April
May
June
July
August
SeDtember
October
November
Dpopmbpr
Monthly average

-

,-

---

_ - - - -

1924

1925

1926

1927

1928

1929

1930

1931

1932

1933

1934

1935

70.4
70.1
70.9
73.8
74.0
76.5
80.4
84.6
89.8
89.8

91.7
93.9
95.4
95.8
95.5
95.8
96.7
98.4
99.1
99.0
100.3
95.8

96.2
95.0
97.0
95.7
93.4
95.5
93.3
95.2
97.1
98.7
101.2
101.8

102.8
103.8
105.0
104.6
105.0
106.4
106.6
107.4
109.9
110.7
109.8
110.8

108.8
108.6
110.8
112.5
112.1
114.0
113.6
114.0
116.0
116.6
115.7
114.8

104.8
107.4
107.4
110.6
109.5
111.2
108.4
110.0
110.1
110.9
109.4
113.0

109.3
110.2
112.2
111.6
112.6
115.0
114.2
114.9
114.9
116.7
116.0
115.5

112.7
115.2
115.9
118.0
118.2
121.1
120. 1
123. 4
123. 6
123.8
120.5
117.5

114.0
116.0
114.0
115.2
116.9
113.5
109.4
108.6
106.7
105. 9
109.1
108.6

105.5
106.2
104.1
102.6
101.8
101.7
100.5
100.8
98.3
97.1
94.6
95.1

89.5
89.1
85.7
84.4
86.0
84.9
85.3
85.6
87.9
89.0
87.5
86.7

80.2
82.6
77.4
78.4
80.9
84.7
87.1
89.3
93.0
95.3
92.4
93.2

91.9
94.8
98.6
101.6
103.6
104.3
99.6
101.2
101.5
104.3
105.4
104.5

102.2
102.9
105.8
106.5
109.3
109.4
110.4
111.0
114.2
114.3
114.7
116.3

78.0

96.5

96.7

106.9

113.1

109.4

113.6

119.2

111.5

100.7

86.8

86.2

100.9

109.8

______
- --

1923

1936
115.6
114.5
117.4
119.0
121.8
123.2
121.0
119.8
121.8
121.9

1
Compiled by the Iowa Bureau of Labor, based upon monthly reports from between 290 to 310 concerns engaged in manufacturing trade, and public-service (not governmental work) industries which represent 50,000 workers (executives only excluded) in the State. Approximately 80 percent or 40,000 workers are employed in the manufacturing industries and the remaining 20 percent in trade and public service. Based upon the Federal Census of Manufactures the indexes represent approximately 20
percent of the total manufacturing, trade, and public-service employment in Iowa. A higher percentage of 25 percent is obtained when the manufacturing industries
alone are considered. Firms are requested to report the number of persons on their pay rolls as of the 15th of the month or the closest prior pay day. The indexes are
constructed by the link-relative method and are based upon reports of identical firms from month to month. They are unweighted and have not been adjusted for seasonal
variation or to the trends shown by the Federal Census of Manufactures. The base period for these indexes is the average for the 3 years 1923-25 taken as 100.




21

SUKVEY OF CUERENT BUSINESS

December 1936

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

1936
ITEM
Business activity:
New York Times*
Business Week*
Commodity prices, wholesale
D e p t . of Labor, 1926=100:
Combined index (784)
F a r m products (67)
Food (122)
A l l o t h e r (595)
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolytic}
Cotton, Middling, spot

105.6 104.0

78,4 77.1
82.6
85.5
84.4
81.5

1936

1934

82.4
85.2
84.5
81.2

76.0
82.0
85.5
83.5
80.8

101.3 101.1
76.0
81.3
84.2
82.6
80.3

81.2
83.9
82.3
80.2

94.8

93.6

80.8
78.5
85.9
79.0

80.6
78.2
85.8
79.0

80.0 78.5

76.5
71.1
75.0
78.2

76.3
70.6
75.0
78.1

86.0 86.1 85.3 84.7 84.
84.5 84.3 79.0 79.0
74.6 74.6 72.5 71.0 69. 6 65.2 65.2 63.8 63.8
45.2 44.9 44.9
44.5 44.9 45.2
46.3

Construction contracts}
70.9
Distribution: Carloadings
Employment: Detroit, factory..
Finance:
Failures, commercial.
Security prices:
Bond prices}
Stock prices}

1935

Nov. Nov. Nov. Nov. Oct. Nov. Nov. Dec. Nov.
28
21
14
7
31
30
23
1
24

48.5 48.4
30.9
50.8 60.2 45.3
82.3 81.8 79.2 84.9 59.6 67.6 50.9 58.6
103.0
62.4
107.8
112.6

31.7 35.1 40.8 37.1 36.6

54.5 46.4 49.4 56.3

117.8 117.8 117. i 117. 5 117.3 108.8 108.3 105. 5 104. 8
144.4 146.0 146. 4 145. 2 141. 4| 116. 4 118.5 89. 1 87. 1

•Data do not cover calendar weeks in all cases.

ITEM

F inance—C ontinued.
Banking:
Debits, outside N. Y. C.}...
Federal Reserve reporting
member banks:}
Loans, total
Interest rates:
Call loans}
Time loans}
Money in circulation
Production:
Automobiles
Bituminous coal}
Cotton, consumption
Electric powerf
Lumber
Petroleum
Steel ingots
Receipts, primary markets:
Cattle and calves
Hogs
Cotton
Wheat

*Computed normal = 100.

Nov. Nov. Nov. Nov. Oct. Nov. Nov. Dec.
1
30
23
28
21
14
7
31

Nov.
24

109 7, 116.3 96.5 93 9 93 5 87.3 92.6 70.4

75.5

70.2

70.0

70.1 69.8 69.8 65.2

64.0

24.2 24.2 24.2 24.2 24.2 18.2 18.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 22.9 22.9 20.1 20. 1
132.
119.6 118.6 113.5 112.7
131.5 131.8 131.4
136.7 144.4 136.6
111.0 98.4 103.1
120.8
128.1 131.8 130.3
46.2 43.8
144. 6 147.0 145.9
98.7 98.7 98.7

109.3
87.1
104.3
112.7
47.1
135.4
98.7 97.4 75.0

110.0 87.8
100. 0! 97.7
123.1 121.2
130. 2 130. 6

101. 5 123. 91.1 120. 3 76.5
65.9
90.7 85.9
176.5 175.0 219. 6 245. 4 286.5 144. 2
31.2 32. 7 34.0 32.6 46. 1 35.8

124.2
79.8
.00.6
117.2
48.3
136.3
72.4

27.1
74.5
88.6
101.1
30.5
113.9
38.2

23.2
71.8
91.9
102.3
33.7
113.7
38.2

100.2 63.9 87.1
29 9 68.9 87.6
1551 4 103.5 121.9
36.2

f Weekly average, 1928-30=100.

}Daily average.

WEEKLY BUSINESS STATISTICS*
1936

C O M M O D I T Y PRICES, WHOLESALE
Copper, electrolytic, New Y o r k . .
_dol. per l b .
Cotton, middling, spot, New York
dol. per l b .

Food index (Bradstreet's)
dol. perlb.
Iron and steel, composite
dol. per tonWheat, No. 2, Hard Winter (K. C.)~--dol. per bu.
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 dol.
Federal Reserve reporting member banks:
Deposits, net demand, adjusted...mills, of dol.
Deposits, time
mills, of dol.
Investments, total
mills, of dol.
U. S. Government direct obligations
mills, of dol_
Obligations fully g u a r a n t e e d by U. S.
Government
._
mills, of dol.
Loans, total
mills, of dol.
On securities
...mills, of dol.
All other
mills, of dol.
Interest rates, call loans
..percent_
Interest rates, time loans
percent _
Exchange rates:
French franc (daily av.)___
cents.
Pound sterling (daily av.)
dollarsFailures, commercial
numberMoney in circulation
mills, of doL
Security markets:
Bond sales (N. Y. S. £".)--thous. of dol. par value Bond prices, 40 corporate issues
dollarsStock sales (N. Y. S. E.)
thous. of shares.
Stock prices (N. Y. Times)
dol. per shareStock prices (Standard Statistics) (419).. 1926 =100.
Industrial (347)
1926=100.
Public utilities (40)
1926=100
Railroads (32)
1926=100PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Cram's estimate)
numberBituminous coal (daily av.)_-thous. of short t o n s .
Electric power
mills, of kw.-hr.
Petroleum
thous. of b b l .
Steel ingots (Dow-Jones est.)
pet. of capacity.
Construction-contract awards (da. a v . ) . . t h . of doL
Distribution:
Freight-car loadings, total
..cars.
Coal and coke
cars_
Forest products
cars.
Grain and products
cars.
Li vestock
cars.
Merchandise, 1. c. 1
cars.
Ore
cars.
Miscell aneous
ears Receipts:
Cattle and calves
thousands.
Hogs
thousand s_
Cotton into sight
thous. of balesWheat at primary markets
thons. of b n .

• Data do not cover calendar weeks in all cases.




Nov. 28 i Nov. 21

Nov. 14

0.103
.123
2.87
34.79
1.23

0.103
.122
2.83
34.59
1.23

0.100
.122
2.79
34.60
1.21

4,625
4,740

4,947
5,391

2,457
3
6
2, 430
6,795
2, 210

1935

1934

1933

Oct. 31

Oct. 24

Nov. 30

Nov. 23

Dec. 1

Nov. 24

0.098
.123
2.78
34.60
1.21

0.096
.121
2.77
34.62
1.20

0.095
.122
2.75
34.66
1.22

0.090
.122
2.79
33.28
1.13

0.090
.123
2.78
33.17
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

3,674
3,731

3,629
4,358

4,112
4,336

3,890
4,814

3,955
4,048

3,787
4,296

2,821
3,261

2,868
3,501

2,840
2,747

2,464
3
5
2,430
6, 851
2,276

2,470
3
7
2,430
6,825
2,260

2,448
3
7
2,430
6,693
2,138

2,462
3
6

2,472
5
6
2,430
5,789
3,051

2,471
5
5
2,430
5,782
3,069

2,581

2,430
4,196
1,912

24
119
2,432
2,573
727

15, 464
5,034
13, 622

15,399
5,029
13,690

15, 379
5,022
13, 724

15, 206
5,042
13, 721

15,340
5,065
13, 796

15, 228
5,072
13,820

14,018
4,872
12,480

13,819
4,872
12,488

2,460
6
12
2,430
4,108
1,825
11,499
4,800
10,817

2,470
6
11

2,430
6,732
2,158

2,463
3
6
2,430
6, 693
2,127

11,392
4,823
10, 754

11,236
4.855
8,522

9,178

9,234

9,267

9,250

9,274

8,301

8,333

7,265

7,222

5,415

1, 247
8,779
3,199
5,580
1.00
1.25

1, 261
8,752
3,153
5,599
1.00
1.25

1,258
8,764
3,179
5,585
1.00
1.25

1,253
8,725
3,192
5,533
1.00
1.25

1,257
8,721
3,179
5, 542
1.00
1.25

1,254
8,751
3,192
5,559
1.00
1.25

1,137
8,152
3,108
5,044
.75
1.00

1,135
8,002
3,056
4,946
.75
1.00

605
8,171
3,124
5,047
1.00

600
8,160
3,109
5,051
1.00

4,656
4.90
129
6,433

4. 651
4.89
143
6,388

4.641
4.88
166
6,399

4.638
4.88
151
6,382

4.650
4.89
149
6,329

4.651
4.89
160
6,322

6.584
4.93
222
5,810

6.585
4.93
189
5,757

6.593
4.98
201
5,511

6.590
4.99
229
5,474

6.135
5.16
268
5,731

63,000
105. 47
9, 651
140.19
122.8
142.6
109. 6
55.3

75, 510
105. 53
13, 632
141. 81
125.3
145. 7
110.1
57.5

71,990
105. 53
12,062
142.13
125.4
145.9
108.8
59.2

68, 770
105. 24
12, 984
141.01
123.2
143.0
106.9
59.4

66, 650
105. 05
8,541
137. 34
120.1
137.9
109.4
58.7

70,920
105. 24
9,298
137. 51
121.3
139.2
110.2
59.9

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

52, 367
94.46
4,859
86.51
71.0
82.0
61.3
36.2

64, 590
93.84
5,227
84.60
57.8
34.2

47,200
80.29
4,467
83.09
70.5
78.7
70.0
38.5

104,283 |
1,890
2,134
3,011
75

110,160
1,676
2,196
3,061
75
7,783

104, 248
1,756
2,170
3,040
75
7,779

83,892
1,703
2,169
2,974
75

66, 985
1, 663
2,176
3,044
74
8,161

59,740
1,621
2,167
3,083
74
8,178

83, 358
1,483
1,877
2,820
57
9,671

94, 723
1,359
1,953
2,840
55
7,276

20, 646
1,269
1,684
2,373
29
4,400

17,676
1,222
1,705
2,369
29
4,963

18,211
1,272
1,554
2,195
28
10,404

679,984
162,754
32, 587
30, 975
15,944
145, 538
13,369
278,817

789,500
175, 634
36,417
36, 894
19, 346
169,731
26,430
325,048

784, 672
168, 816
34, 505
33, 947
22, 618
166, 806
34, 780
323, 200

759, 318
162,498
32, 548
29, 327
19,077
168, 551
38, 791
308, 526

814,175
175, 631
36, 438
33, 615
21, 966
170, 590
40, 567
335, 368

815,972
164,949
36, 327
33,025
22, 273
170, 819
49, 766
338,813

571,878
128,053
25,955
30,154
13,028
137,640
8,811
228,237

647,924
140, 380
28,562
33,370
15,412
160,879
11,837
257, 484

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

459
2,485

321
589
455
2, 598

392
557
571
2.701

288
369
638
2, 591

380
428
745
3.671

344
417
730
4. 040

242
229
375
2.844

317
194
404
2. 878

206
449
269
1. 6R9

Nov. 7

275
569

317
2.340

Dec. 2

9,089
3,766
5,323
.75
1.00

201
383
408
2,658

22

SUEVEY OF CURRENT BUSINESS

December 1936

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 129 inclusive. This supplement gave the
monthly averages of all current series for the years 1932, 1933, and 1934.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for
seasonal variation.
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 refer- j
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey ! October October Novem- December
ber

1936
February

January

March

April

May

June

July

August

BUSINESS INDEXES
I

BUSINESS ACTIVITY (Annalist)!

I

Combined index
normal = 100..
Automobile production
normal = 100-.
96. 3
Boot and shoe production...normal = 100..
126.7
Carload ings, freight
normal = 100-.
97. 2
Cement production
normal = 100..
75. 7
Cotton consumption
normal = 100_. « 124. 3
Electric power production...normal = 100.. "103.8
Lead production
normal = 100..
78.3
Lumber prod uction
norraa 1 —100..
86. 6
Pig-iron production
normal = 100114.1
Rayon consumption
normal = 100..
107.3
Silk consumption
normal = 100_
79. 2
Steel-ingot production
normal = 100-.
112.' 4
Wool consumption
normal = 100.
98.2
Zinc prod uction
normal — 100.
84.2

94.1
117.6
112.3
91.0
63.3
112.4
98.3
79.7
75.3
80.8
105.3
70.2
95. 6
86.2
81.7

95.8
112.6
113.2
93.1
66.2
105. 4
100.0
82.6
82. 8
85.7
104. 5
68.6
91.3
89.3
84.3

97.6
112.5
105.7
92.3
62.6
118.8
99.7
84.7
82.7
91.3
129. 8
70.3
97.0
108.4
88,0

102.3
118.9
127.5
95.1
64.2
141.5
° 102.1
87.3
84.6
95.5
145. 4
77.2
100.3
112.9
89.8

105
105
142
87
82
231
114
103

104
105
134
92
87
196
113
98

104
105
128
91
90
198
111
112

106
106
82

194
94
110

103
105
149
70
85
235
111
108

172
89
100
108
135
106
99
98

168
85
107
102
132
89
40
70

178
113
116
103
140
94
65
71

64
140
100
82
94
92
93
49
84
174
83
111

60
145
99
90
93
93
107
58
87
184
83
107

69
150
97
95
100
100
122
7i
90
213
100
110

SI
130
97
101
161
100
57
66
157
70
149
101
99
104
105
118

182
124
76
107
167
101
53
72
164
68
147
85
97
108
109
124

186
119

63
142
81
89
97
96
108
47
92
201
86
118

179
121
118
100
147
100
69
66
120
73
150
88
95
101
101
117
74
84
220
105
112

74

74

88
218
113
102

92
220
119
113

91
226
121
114

173
99
179
111
147
* 102
71
78

169
107
129
105
148
103
70
80

172
89
141
102
148
110
93
92

168
85
138
100
140
95
48
70

178
113
120
100
152
105
63
84

181
130

63
148
80
84

62

59
146

70
150

183
124
52
115
154
101
65
80
81
71

186
119

70
146

85

91

180
121
94
100
145
101
69
76
80
75
149
91
94

89.1
77.6
115.2
84.8
45.7
108.7
94.9
79.2
77.8
73. 6
112.3
92.4
76.9
151.9
68. 7

92.0
118.1
119.8
87.3
51.8
103.0
96.9
79.3
76.0
80.0
112.3
76. 2
80.9
141.2
70.8

96.7
120. 8
148.5
93.7
55. 4
.115.8
97. 9
84.2
78. 6
84.5
119.9
78.5
86.8
133.0
74.3

92.2
103.0
135.6
90.9
42.3
114.4
97.6
70.7
82.0
76.3
105. 6
65. 8
69. 5
124.0
76.0

88.9
89.8
116.5
89.2
42.7

97
96
77
59
86
193
85
115

97
9S
124
58
86
192
89
104

96
95
125
46
82
202
90
106

95
95
108
29
92
201
83
109

95
93
93
29
82
174
87
113

91
35
110
148
100
62
82
105
70
141
74

174
99
138
105
119
96 !
69
83

170
107
92
110
141
99
75
88

52 I
oo
83
193
88
105

99
105
111
140
95
50
80
37
70
143
73
82
96
97
105
59
82
192
96
109

70
142
68
86
101
101
107
59
83
202
103
124

176
91
48
113
138
93
48
75
62
68
140
75
80

176
99
119
106
137
92
48
71
44
67
144
68
82

104. 9
97.4
71.6
73.8
67.5
109. 4
59.8
67.0
117.3
68.1

89.4
109.9
117.5
87.4
52.8
107.6
96.2
71.5
77.6
68.0
96.3
65.8

70.2
107. 2
74. 1

1

102.7
91. 7
130. 8
94.7
71. 8
69.9
133.3
137.2
* 104. 9 « 104. 8
71.3
70.9
86.6
87.7
100. 0
107.5
126.7
100. 3
83.2
87.2
108.9
108. 9
112.1
112.1
81.1
83.4
102. 5
107. 3
* 126. 7
93.0

a

a

I N D U S T U I A L PRODUCTION (F.R.B.)
Total, unadjusted
1923-25 = 100-.
Manufactures, unadjusted ._ 1923-25 = 100-.j
Automobiles!
1923-25 = 100--I
Cement
1923-25 = 100-.
Food products
1923-25 = 100..j
Glass, plate.
1923-25=100--!
Iron and steelf
1923-25= 100.-j
Leather and shoesf
1923-25 = 100--!
Lumber
1923-25 = 100-!
Paper and printing
1923-25=100.-1
Petroleum refining
1923-25 = 100--I
Rubber tires and tubes
1923-25=100--!
Shipbuilding
1923-25 = 1 0 0 '
Textiles
1923-25=100
Tobacco manufactures
1923-25 = 1 0 0 .
Minerals unadjusted
1923-25=100.-1
Anthracite
1923-25=100--!
Bituminous coal
1923-25 = 100.-1
Iron-ore shipments
1923-25=100-. I
Lead
.
1923-25=100.-1
Petroleum, crude
1923-25= 100- J
Silver
1923-25=100-.'
Zinc
1923-25=100 —
Total, ad j list ed
1923-25 = 100..
Manufactures, adjusted. ._ 1923-25=100—
Automobilest
1923-25= 100..
Cement
1923-25=100-.
Food products
1923-25 = 100Glass, plate
1923-25=100-.
Iron and steelt
1923-25=100..
Leather and shoest
1923-25=100.Lumber
1923-25=100Paper and printing
1923-25=100—
Petroleum refining
1923-25= 100..,
Rubber tires and tubes
1923-25=100..
Shipbuilding
1923-25=100Textiles
1923-25= 100__
Tobficco manufactures
1923-25= 100—
Minerals, adjusted
1923-25=100—
Anthracite
1923-25= 100. _
Bituminous coal—_„
.1923-25=100—
Iron-ore shipments
1923-25=100—
Lead
..1923-25=100..
Petroleum, crude.
_ 1923-25 = 100
Silver
1923-25=100..
Zinc
1923- 25 =-100-

no
109
05
87
95
241
124
121

113
93
73
152
109
110
93
79
93
241
127
110

114
146
104
48
85
98
7L
150

101

95
95
96

84

143
93

77

96
97
124

77
107
147
99
66

74
80
69
146
103
103

144
101
104

226
118
126

113
158
104
47
75
177
58
152
88
93
108
110
111

120
147
98
47
87
60
149
88
100

107
107
42
100
90
236
118
* 128

120
173
109
<* 87
178
« 150
106
93
109
110
107
SO
90
236
119
1
111

120
157
101
<*56
a 82
93
60
» 146
111
98

a
Revised.
v Preliminary.
f Revised series, refer to the indicated pages of the monthly issues for revisions. The Annalist indexes of business activity have been revised for the period 1923-36.
For revisions see p. 20 of the October 1936 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; leather and shoe production, 1935, p. 22, April 1936. Federal reserve adjusted indexes revise as follows: Total industrial,
total manufacturing, plate glass, beginning January 1935 and automobiles beginning August 1935. Since December 1934 no seasonal adjustment has been made for tire
and tube production. Revisions not shown above will appear in a subsequent issue.




December 1936

23

SURVEY OF CURRENT BUSINESS

1936
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 October

1935

1936

Novem- December
ber

January

February

March

April

M ay

June

July

August

September

BUSINESS INDEXES—Continued
MARKETINGS
Agricultural products * (quantity)
1923-25=100..
Animal products
1923-25=100-.
Dairy products
1923-25=100..
Livestock
1923-25=100..
Poultry and eggs
1923-25=100..
Wool..
1923-25=100.
Crops
1923-25=100-.
Cotton
1923-25=100.
Fruits.
1923-25=100.
Grains
1923-25=100.
Vegetables —
1923-25=100
Agricultural products, cash income received
from marketings of:*t
Crops and livestock:
Unadjusted...
1924-29=100..
Adjusted..
_
1924-29=100..
Crops, adjusted
1924-29=100..
Livestock and products, adjusted
1924-29=100..
Dairy products, adjusted..1924-29=100Meat animals, adjusted
1924-29=100..
Poultry and eggs, adjusted .1924-29=100.
STOCKS
Domestic stocks
1923-25-100Manufactured 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:
TotaltA
1923-25 = 100...
Coffee—adj. for seasonal.,.1923-25=100..
Cotton—adj. for seasonal-.1923-25= 100..
Rubber—adj. for seasonalf. 1923-25=100..
Silk—adj. for seasonalt
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..

127
89
96
93
73
91
165
304
104
58
112

124
82
84
106
167
280
126
85
103 i

119
202

78
76
74
68
106
40
79
119
65
49
59

68
74
85
74
70
48
61
72
58
46
74

67
77
95
65
108
37
56
41
72
51
98

65
80
98
64
120
46
50
35
79
43
84

68
84
114
60
128
164
51
31
82
48
94

74
94
142
66
114
380
53
25
64
63
99

89
90
113
70
89
485
88
16
87
172
66

80
81
94
75
80
152
78
71
78
93
57

80
90
80
72
99
140
°259
89
47
95

I
105.0
76. 5
60.0

95.0
69.0
58.5

79.0
69.5
58.5

72.5
67.0
54.0

65.0
66.5
48.5

53.0
63.0
48.5

59.5
67.5
55.5

58.5
69.5
56.5

64.0
72.5
67.0

69. 5
80 0
77.0

84.0
88.0
89.5

75.0
74.5
61.5

89.0
77.5
65.0

93.5
94.0
97.5
77.5

80.5
76.0
83.0
83.0

81.0
79.0
78.5
95.0

81.0
84.5
79.5
84.0

84.5
87.5
88.5
70.0

78.0
85.0
79.0
63.5

80.0
84.5
79.5
79.5

83.0
83.5
87.0
75.0

78.5
79.0
77.0
80.5

83. 0
77. 0
84 0
86^5

86.0
81.5
88.5
86.5

87.5
87.0
89.5
89.0

91.0
91.0
"92.5
81.0

132
101
121
89
113
117
80
111
63
120
139
96
154
107
136
106
220

136
104
117
77
114
108
79
136
55
114
154
101
160
115
144
88
225

136
101
118
63
115
109
81
124
47
115
161
103
161
111
141
88
235

133
103
121

127
104
124

117
109
79
122
39
115
170
105
154
107
127
86
233

115
104
133
62
109
115
80
119
70
115
156
100
123
81
96
84
194

109
102
128
62
108
110
82
121
65
115
152
100
115
76
93
72
177

106
102
125
66
107
116
81
122
61
115
150
102
108
73
95
73
156

103
104
119
77
111
119
80
125
80
112
143
102
102
71
94
84
137

104
100
118
85
113
118
80
130
76
114
141
92
106
120
83
119

109
102
122
88
114
119
79
127
82
114
114
95
113
75
128
93
126

121
101
°125
86
112
119
80
117
67
«12()
142
98
136
a
95
128
96
181

215
378
169
355
205;
228 j
133 I
64 i
188 i

217 I
399 !
169
328 !
200
259
129
72
176

218
419
170
322
201
248
128
66
186

114
110
83
119
54
115
166
104
144
98
112
87
225
214
394
165
319
221
256
124
64
172

122 I
105 I
132 j
65|
112
122 I
81 ;
115
61
113 I
167 !
104
134
88
103
86
213
209
400
154
319
229
263
123
75
152

208
413
161
306
219
264
133
77
137

207
403
161
300
216
268
139
64
134

201
387
170
281
200
256
138
77
124

«195
« 418
160
286
196
235
134
68
116

193
420
156
295
188
209
126
66
139

192
400
165
278
189
200
125
73
142

•192
375
195
272
178
175
126
65
142

7fi

:
1
!
|
I
\
|
!
|
j
I

• 69

COMMODITY PRICES
COST OF LIVING (N. I. C. B.) f
83.2
83.0 ! 83.4
83.5
83.9
Total, all groups
.1923=100..
85. 7
83.9
85.9
Clothing
1923 = 100...
73.8
74.4 | 74.5
73.6
74.6
74 5
74.1
74.0
Food
1923=100-.
84.6
81.9
86.1
82.7
83.8
83.5
82.3
81.0
Fuel and light
1923=10085.6
86.7
86.8
86.9
87.1
87.1
86. 2
86.3
Housing
...1923=100-80.3
80.8
72.7
73.0
73.4
73.9
74.1
74.7
Sundries
1923=100-94.9
94.1
94.5
94.3
94.4
94.4
94.2
94.2
FARM PRICES (Dept. of Agri.) §t
Total, all groups
1909-14=100104
109
121
110
109
109
108
Chickens and eggs
1909-14=100..
127
132
140
135
117
121
99
Cotton and cottonseed
1909-14= 100..
104
94
95
94
93
99
98
Dairy products
1909-14=100
125
104
120
123
118
111
118
Fruits
.
1909-14=100-.
104
82
83
92
89
92
94
Grains
1909-14 = 100__
128
101
90
89
92
92
92
Meat animals
1909-14=100
120
125
122
125
122
117
120
Truck crops
1909-14= 100..
131
120
136
136
118
117
77
Miscellaneous
1909-14=100.133
103
103
108
112
94
91
RETAIL PRICES
Department of Labor indexes:
162
158
Coal*
1913=100..
81.5
82.0
79.5
81.7
80.6
Food f
1923-25=100..
si's" 80.5
Fairchild's index:*
90.0
88.2
87.6
88.0
88.1
88.3
88.3
Combined index
Dec. 1930=100..
Apparel:
94.5
92.7
92.9
92.6
92.7
92.7
92.7
Infants' wear
Dec. 1930=100..
87.8
87.2
87.2
87.3
87.3
87.3
87.3
Men's
.Dec. 1930=100..
90.9
89.1
89.4
89.4
89.5
89.5
89.5
Women's
Dec. 1930=100..
90.3
89.0
89.1
89.2
89.2
89.3
89.2
Home furnishings
Dec. 1930=100-.
85.6
84.8
84.9
84.7
84.7
84.6
84.5
Piece goods
Dec. 1930=100..
• Revised.
•New series. See pp. 16-19 of the May 1934 issue, cash income from marketings of agricultural products, p. 19 of the December 1932 issue, Fairchild's price index, and
pp. 19 and 20 of the March 1933 issue, quantity marketings.
§Data for Nov. 15,1936: Total 120, chickens and eggs 141, cotton and cottonseed 103, dairy products 126, fruits 97, grains 127, meat animals 118, truck crops 104, miscellaneous 133.
t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—re rised total, rubber adjusted and sugar
adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income from marketings of agricultural products revised from January 1933June 1935. For revisions see p. 19 of the September 1935 issue. World stocks combined index and silk index revised for period 1921-36 revisions not shown above will
appear in a subsequent issue. Combined index revision for 1920 was shown on p. 20 of the May 1936 issue. Data revised for Agricultural products, cash income received
for January 1934-July 1936. Revisions not shown in the October 1936 issue will appear in a subsequent issue. Cost of living revised for period 1914-36, see p. 19 of this issue.
p
•Monthlyy retail prices
of coal were discontinued with the month of August 1935. Subsequent to that date the price is reported quarterly.
^^This
i s series has been completely revised.
revised Revised indexes for months not shown in the December 1935 issue
iss will
ill appear in
i subsequent
bt
iissue. Index computed every
2 weeks; monthly index is figure taken nearest the middle of the month; prior to Aug. 15,1933, index computed once a month.
A See footnote on p. 24 marked, "c?".




24

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
NovemDecem- Januuy Februin the 1932 Annual Supplement to the Survey October October
ary
ber
ber

December 1936
1936

March

April

May

June

July

August September

COMMODITY PRICES—Continued
WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100..
Economic classes:
Finished products
1926=100
Raw materials
1926=100..
Semimanufactures
1926=100..
Farm products
.
.1926=100 .
Grains
. 1926=100..
Livestock and poultry
1926=100..
Foods
1926=100..
Dairy products
1926=100..
Fruits and vegetables
1926=100..
Meats
1926 = 100..
Otber products _ _
1926=100..
Building materials .
1926=100
Brick and tile
1926=100..
Cement
1926=100
Lumber
. 1926=100.
Chemicals and drugs
1926=100..
Chemicals
_
....1926=100..
Drugs and Pharmaceuticals
1926=100..
Fertilizer materials
1926=100.
Fuel and lighting
1926 = 100
Electricity
. . ..1926=100.
Gas
1926=100
Petroleum products
1926=100..
Hides and leather
1926=100..
Boots and shoes
1926=100
Hides and skins .
1926=100
Leather
1926=100..
House-furnishing goods
1926=100..
Furniture
1926=100
Furnishings
. 1926=100.
Metals and metal products. 1926=100..
Iron and steel
1926=100
Metals, nonferrous
1926=100..
Plumbing and heating equipment
1926=100-.
Textile products
1926=100.
Clothing
1926=100
Cotton goods
1926=100
Knit goods
1926=100..
Silk and rayon._.
1926-100..
Woolens and worsted
1926=100..
Miscellaneous
1926=100..
Auto tires and tubes
1926=100..
Paper and pulp
1926=100..
Other wholesale price indexes:
Bradstreet's (96)
..1926=100
Dun's (300)
1926=100..
World prices foodstuffs and raw materials:* 8
Combined index.
1923-25=100.
Coffee
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.)

81.5

80.5

80.6

80.9

80.6

80.6

79.6

79.7

78.6

79.2

80.5

81.6

81.6

82.0
82.1
76.2
84. 0
102. 1
81.2
82 6
87.4
73.8
84 4
80.1
87.3
88.3
95.5
86.1
82.2
89.0

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

82.7
77.2
76.2
77.5
77.9
83.1
85.1
81.1
63.2
94.3
78.8
85.8
88.3
95.5
81.8
81.2
88.4

83.1
77.7
75.2 !
78.3
76.6
87.4
85.7
83.7
63.7
97.5
78.7
85.5
88.9
95.5
81.5
80.6
87.7

82.4
78.1
74.8
78.2
78.9
89.1
83.5
84.2
62.2
94.9
78.8
85.7
88.4
95.5 ]
82.2
80. 5
87.6

82.2 !
79.1
74.6
79.5 I
78.3
90.3
83.2
85.7
62.4
92.1
79.0
85.5
88.4
95.5
82.3
80.1
87.0

81.3
77.4
74.4
76.5
75.6
88.3
80.1
80.3
65.1
89.7
78.9
85.3
88.9
95.5
82.6
79.3
85.9

81.6
77.0
74.5
76.9
73.9
88.3
80.2
78.8
67.8
91.0
78.9
85.7
89.0
95.5
83.2
78.5
85.5

SO. 5
75.8
74.1
75.2
70.6 !
82. 5 !
78 0 i
75.0
72.3
85.1
78.8
85.8
88.8
95.5
83.0
77.7
84.1

80.7
77.6
73.9
78.1
73.0
83.2
79.9
77.6
82.0
85.1
78.8
85.8
89.2 j
95.5
82.1
78.0
84.3

81.6
79.8
75.2
81.3
88 9
82.0
81 4
83 8
79.7
84 9
79.5
86.7
89.2
95.5
83 7
79.4
85.9

82.4
81.5
75. 6
83.8
102.4
84.5
83.1
87.6
76.1
86.4
79.7
86.9
89.1
95.5
83.8
79.8
86.2

82.3
81.8
75.9
84.0
102.0
83.8
83.3
89.5
71.5
87.3
79.6
87.1
89.0
95.5
84.9
81.7
88.6

76.5
67.4
76 8
57.9
95.6
99 3
97.2
85.4
82.0
78.3
85 6
86.9
88 8
71. 7

74.2
67.2
73.4
86.3
89.0
50.1
93.6
98.8
92.9
86.6
80.6
76.9
84.2
86.5
86.9
70.9

74.7
67.5
74.5
86.2
86.6
52.5
95.0
99.6
96.0
88.1
81.0
77.1
84.7
86.9
87.0
71.3

74.7
64.5
74.6
84.9
84.5
52.8
95.4
100.1
96.5
87.6
81.0
77.1
84.7
86.8
86 9
70.6

70.4
64.4
75.1
83.1
83.2
54.4
97.1
100.5
100.5
87.3
81.4
77.9
84.8
86.7
87.1
69.7

73.2
64.5
76.1
86.2
82.1
55.7
96.1
100.5
96.7
86.0
81.5
77.9
85.0
86.7
86.9
69.7

73.0
64.8
76.2
84.4
84.4
56.0
94.9
100.4
91.0
85.0
81.4
77.9
84.9
86.6
86.3
69.9

73.2
64.6
76 4
82.8
84.8
57.9
94.6
100.3
90.1
84.5
81.5
78.0
85.0
86.6
86.3
70.4

73.2
64.7
76 0
84.2
87.3
58.2
94.0
100 2
87.3
84.4
81.5
77.9
85 0
86.3
86 3
70.7

73.2
64.0
76 1
83.4
88.0
57.7
93.8
99.7
89.0
83.2
81.4
77.5
85.2
86.2
88.3
70.0

73.0
65.2
76 2
83 4
87.9
58.1
93.4
99 3
87 8
83.0
81.2
77.2
85 1
86.9
87 6
70.4

73.3
66.7
76. 3
82.5
86.1
57.9
93.6
99.3
90.0
82.4
81.4
77.6
85.2
87. 1
87.9
70.8

75.3
67.6
76.1
83.2
87.2
57.5
94.6
99.3
93.3
84.2
81.7
78.0
85.4
86.8
88.1
71.4

76.6
71 6
81.2
82 0
61.1
31.1
80.5
71.5
47.5
80.8

71.1
72.9
80.8
84.5
63.2
35.1
79.1
67.5
45.0
79.7

71.1
73.4
80.7
85.8
63.2
35.0
80.7
67.4
45.0
79.4

71.1
73.2
81.0
86 0
62.2
33.7
81.0
67.5
45.0
79.2

71.7
71.7
80.8
80.4
61.8
33.5
81.4
67.8
45.0
79.8

73.8
71.0
80.7
78.1
62.0
31.6
82.8
68.1
45.0
79.9

73.8
70.8
80.7
77.1
62.1
30.9
83.8
68.3
45.0
80.3

73.8
70.2
80.8
76.2
62.0
30.1
82.2
68.6
45.0
80.5

73.8
69 8
81.1
75 5
60.6
29.1
82.2
69.2
47.5
80.5

73.8
69.7
80.9
75.4
60.3
29.3
82.6
69.7
47.5
80.6

76.5
70 5
80.7
78 7
59.3
30.7
82.0
71.0
47.5
80.6

76.5
70.9
80.8
79.5
60.3
31.6
81.2
71.5
47.5
80.6

76.5
70.9
80.8
80.0
60.8
30.2
80.9
71.3
47.5
80.7

79.1
97.8

79.6
94.7

80.5
94.2

80.2
94.4

77.6
94.9

76.8
95.2

76.3
92.1

76.0
92.0

75.4
91.3

76. 3
94.5

78.5
96.4

78.9
96.8

79.5
97.1

55.0
48.4
45.2
38.6
24 5
61.6
67 7
89.5
75 8

52.2
43.5
41.2
29.7
29.1
67.8
77.0
101.9
62 7

50.3
42.0
44.1
30.7
29.2
62.8
67.9
103.2
54.9

49.5
42.0
44.5
30.8
27.4
55.6
66.0
99.0
59 2

51.1
45.0
43.8
33.6
27.2
59.1
67.8
94.0
63.1

50.5
47.0
42.6
36.3
24.9
61.1
69.5
95.3
58.1

51.3
44.5
41.9
37.2
24.2
65.8
70.1
95.5
58.7

52.1
43.0
43.0
37.4
23.5
71.0
70,9
93.4
56.6

51.3
42.5
43.0
36.5
22.4
70.3
68.0
92.1
55,2

54.7
43.5
44.1
37.1
22.3
71.1
64.1
84.0
54.6

54.8
46.0
48.5
38.6
23.9
69.8
64.8
85.5
63 5

55.9
47.9
45.2
38.2
25.0
69.3
68.6
84.7
73.3

55.2
47.5
45.2
38.4
23.7
66.1
72.3
89.0
« 72.2

123.6
120.8
121.5
118.6

125.1
124.2
135.0
122.5

125.0
122.7
136. 1
122.0

124.5
122.0
133.7
121.2

125.0
122.4
135.0
121.2

125.0
124.1
135.0
121.8

126.5
125.8
141.4
122.2

126.4
125.5
140.1
122.0

128.1
125.2
142.7
121.4

127.2
119.3
137.4
119.5

125.1
119.0
127.9
119.3

123.4
119.0
118.5
118. 8

123.4
118.6
118.5
118.3

PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
Retail food prices ^
F a r m pricest
Cost of livingf

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

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

a

1

i

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS

AWARDED
Contracts awarded, F. R. B.:%
60
65
65
Total, unadjusted
1923-25=100..
54
45
44 I
56
47
53
53
50
39
45
46
42
Residential..
..1923-25=100..
25
22
38
22
21
35
28
52
59
62
"59
Total, adjusted
1923-25=100..
46
56
48
52
61
47
47
67
36
44
46
32
»47
Residential..
1923-25=100..
43
25
25
30
26
25
26
F. W. Dodge Corporation (37 States):A
Total, all types:
13,352
12,912
13,890
12,056
13, 242
6,442
9,256 |
7,724
Projects.
..number.. 12, 966
11,385
8,249
10, 514
13. 338
Valuation
thous. of doL. 225,840 200, 596 188,115 ! 264,137 204, 793 142,050
98,978 234, 632 216, 071 233, 055 294, 735 275, 281 234,272
Nonresidential buildings :f
3,411
3,626
3, 504
3,079
3,436
3,319
Projects
_
..number..
2,753 :
2,355
3,792
3,318
2,761
3,106
2,796
13,639
15,916
17, 543
15, 504
15, 629
Floor space
_
thous. of sq. ft.. 14, 361
11,384
10,813
11,680 : 20, 680
15,098
17,343
16, 047
69, 099
82,252
79, 079
96,125
80,380
Valuation
thous. of dol__ 79,071
62,611
59,180
124, 506
90,480
94, 068
81, 460
0 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. Cost of living (purchasing power) revised for 1914-36. Revisions not shown in the October 1936 issue
will appear in a subsequent issue.
A 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 ana for 1934 on p. 19 of the October 1935 issue. Series also revised for 1935. See p. 19 of the May 1936 issue
t Indexes are based on 3-month moving average of F. W. Dodge data centered at second month.
1 See footnote on p. 23 marked " 1 " .
df Index revised to exclude copper prices, since data on copper stocks have not been available subsequent to October 1931. Both stoek and price series now cover 8
commodities as listed. For revised data for period 1920-35 see p. 19 of the May 1936 issue.




December 1936

25

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
Decem- January
in the 1932 Annual Supplement to the Survey October October November
ber

1936
February

March

April

May

June

July

August September

CONSTRUCTION AND REAL. ESTATE—Continued
CONSTRUCTION CONTRACTS
AWARDED—Continued
F. W. Dodge Corporation (37 States)—Con.
Public utilities:*
214
221
221
136
205
Projects
number223
207
269
176
18,104
Valuation
thous. of dol_. 14, 171
10,694
11,939
11,198
17,926
18,106
23,753
12, 773
Public works :#
1,143
1,614
1,328
702
1,123
1,092
1,540
1,048
1,102
Projects
number75,117
36,325
44,191
69,645
76, 387
58,948
49,660
Valuation.-.thous. of doL. 52, 861
50, 792
Residential buildings: <?
8,290
3,856
3,694
3,249
6,230
4,756
6,080
8,233
8,528
Projects
number..
11,899
9,115
12,253
10,306
15,604
16,764
19,736
20, 547
Floor space
thous. of sq. ft.. 21, 553
45,140
31,176
39,695
55.221
37,440
67,151
70, 253
55,100
Valuation
thous- of doL. 79, 736
Engineering construction :1
Total contracts awarded (E. N. R.)
thous. of doL. 220, 142 182,631 154,973 235,506 288,547 164, 499 147,697 195,458 141, 257
HIGHWAY CONSTRUCTION
Concrete-pavement contract awards:
6,082
2,068
4,496
2,662
6,816
2,250
3,835
5,235
Total
thous. of sq. yd..
4,482
1,396
3,327
1,579
3,621
3,591
1,217
2,767
Roads only
thous. of sq. y d 5,888
Highways:
Approved for construction (iV. /. R. A.):*
308
152
241
291
295
290
267
252
296
Mileage
number of miles..
7,607
4,148
8,092
7,623
8,740
7,279
10,100
7,382
5,975
Public works funds alloted.thous. of doL.
Under construction (N. I. R. A.):*
61,015
88,776
74,700
65,390
59,593
56,484
50,197
Estimated total cost
thous. of doL. 22, 487 102,246
Public works funds allotted
66,653
80,810
68,965
55,085
60,877
52,005
45,693
thous. of d o l - 20, 379 92,885
32
1,189
601
982
667
569
1,328
467
248
Federal aid funds allotted.thous. of dol.
589
2,968
1,734
1,988
1,679
Mileage
number of miles..
2,371
3,706
1,339
1,527
CONSTRUCTION COSTS
Building costs—all types {American Ap166
praisal Co.)*
1913=100..
158
157
161
157
158
159
159
158
Building costs—all types (A. 0. C.)
180
173
178
173
173
178
1913-100..
178
178
178
Building costs—all types (E. N. R.) §
201.2
211,5
194.9
199.5
195.1
201.2
1913-100..
194.9
202.2
203.4
Building costs—factory (Aberthaw)
1914-100..
177
178
MISCELLANEOUS DATA
30,910
Fire losses, United States
thous. of doL. 20,439
20,872
27,969
27,730
19,786
29,177
25,787
21,479
12,560
11,794
13,245
12,886
13, 221
14,398
Foreclosures**
number..
13,126
Real estate:
Home loan bank, loans outstanding* t
95, 595
97,089 102,795 102,745 102,887 103,354 105,969 110,922
thous. of dol.. 134,929
Home Owners' Loan Corp:*
A pplications received
number..
Loans closed:
15,634
19,002
14,192
9,392
16,259
6,305
6,073
Number
44,409
29,984
47,927
58,541
49,883
25. 715
19,891
21,865
Amount..
thous. of doL.
2,838,086 2,886,013 2,940,029 2,984,438 3,014,423 3,040,137 3,060,029 3,083,312
Loans outstanding*._
thous. of dol—

167
9,264

229
27,512

188
19, 745

224
15, 735

1,330
71,107

1,782
99,103

1,238
76, 435

1,169
68,767

8,444
20, 624
73, 605

8,253
20, 501
71,994

7,982
24, 393
100, 523

7,584
21,181
80, 671

183,917

226, 595

192, 317

197,372

4,188
2,942

7,913
6,208

5,903
4,648

7,613
5,196

4,631

144
4,345

146
4,248

139
4,044

42, 500

37,100

28, 823

25,126

38,975
195
1,152

33, 397
195
971

26, 680
147
832

22, 929
32
714

165

162

163

163

178

178

178

179

204.6

204.4

208.1

208.1

183

183

20,407

22, 357

21,714

20, 414

118,580

122,094

125, 211

129, 752

DOMESTIC TRADE
ADVERTISING
Printer's Ink indexes (adjusted for seasonal
variation) :*
84.1
94.1
80.2
Combined index
1928-32=100..
90.9
79.0
83.2
84.8
87.7
88.5
78.0
90.6
88.5
91.0
74.4
71.7
67.1
73.5
Farm papers.1928-32=100-.
61.5
62.6
66.6
72.8
76.5
66.0
73.4
80.2
76.8
82.4
89.6
82.2
88.2
Magazines
1928-32 =.100..
75.1
81.0
86.8
89.2
87.6
82.5
90.3
87.2
91.6
84.7
90.6
79.1
88.9
Newspapers
1928-32=100. _
77.9
82.9
81.5
85.0
86.5
75.5
87.1
84.9
86.9
47.0
81.5
50.0
73.5
Outdoor
1928-32=100..
59.5
58.0
71.1
70.6
70.2
52.3
74.3
72.3
68.5
195.0
253.7
187.0
202.1
185.2
177.5
192.8
185.2
184.4
189.7
Radio
1928-32=100..
224.7
230.0
268.2
Radio broadcasting:A
4,780
5,210
4,693
4,583
4,623
4,710
4,311
4,377
3,826
Cost of facilities, total
thous. of dol._
3,723
3,655
487
539
432
466
721
453
400
450
394
Automotive
thous. of doL.
241
225
1,555
1,406
1,382
1,428
1,283
1,295
1,405
1,227
1,058
Drugs and toilet goods
thous. of doL.
966
961
1,260
1,072
1,171
1,111
1,154
1,150
1, 056
1,182
1,106
Foods
thous. of dol__
1,063
1,147
417
390
384
398
382
402
344
329
292
Petroleum products
thous. of dol_.
301
292
370
384
331
352
367
395
393
368
Tobacco manufactures
thous. of dol..
371
421
395
934
882
895
1,069
All other*
thous. of doL.
802
806
861
913
656
720
647
Magazine advertising:!
13, 431
7,435
9,360
11,166
11,747
14, 516
14,929
12, 268
10,248
Cost, total
thous. of dol._
8,917
8,488
2,044
1,655
1,684
979
2,332
1,157
2,146
686
1,811
Automotive
thous. of dol__
1,196
1,221
2,477
2,506
2,323
1,957
1,609
2,359
1,241
Drugs and toilet goods
thous. of dol._
2,203
2,137
1,767
1,756
1,630
1,784
2,195
1,742
1,837
Foods
thous. of dol..
1,690
1,986
1,230
1,657
1,493
1,211
110
191
214
Petroleum products
thous. of doL.
192
263
468
148
459
366
365
347
494
526
565
568
Tobacco manufactures
thous. of doL.
559
591
610
580
586
494
540
5,932
4,467
4,665
All other*
thous. of doL.
5,197
5,052
7,031
7,419
3,079
5,710
3,603
3,414
2,334
2,511
2,181
2,852
2,128
2,201
1,696
2,860
Lineage, totalf.-thous. of lines.
2,637
1,967
1,695
* 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. For Home Loan Bank loans outstanding for period December 1932-January 1936 see p. 19 of the April 1936 issue.
Home Owners' Loan Corporation data from September 1933 to April 1934 will be shown in a subsequent issue. Total loans closed to June 12, 1936, $3,092,870,784. Printers'
Ink indexes from January 1922 to May 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. Data on H. O. L. C. loans outstanding for period September 1933-January 1936 are shown on p. 19 of the April 1936 issue.
t Revised series See p. 20 of the October 1933 issue, magazine lineage. For revised data on magazine advertising cost for the years 1933 and 1934, see p. 19 of the February 1936 issue.
§ Index as of November 1, 1936, 212.7.
• 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.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
1 Months of October 1935; January, April, July, and October, 1936 include 5 weeks; other months include 4 weeks.
X For the period October 1933-February 1935, inter-bank loans that were formerly included have been removed.
A Data for 1935 revised. See p. 25 of the May 1936 issue,
c? Beginning January 1934 data includes Home Owners' Loan Corporation improvements.
108290—36
£




26

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Deceiu
in the 1932 Annual Supplement to the Survey
ber
ber

December 1936
1936

January

February

March

April

May

June

July

August September

DOMESTIC TRADE—Continued
ADVERTISING—Continued
Newspaper advertising:
Lineage, total (52 cities)*__thous. of lines._ 136, 635
Classified-.thous. of lines.. 23, 984
Display
thous. of lines,. 112,652
6,183
Automotive
_
thous. of lines..
1,860
Financial
thous. of lines..
General
thous. of lines.. 27,411
Retail
thous. of lines.. 77,198

121,887
22, 548
99, 339
7,813
2,488
21,812
67, 227

127, 182
24,172
103,010
8, 493
1,933
23,498
69, 086

62.1

61.2

61.3

2, 506

2, 297

2, 273

2,285

745,845

902, 749

885, 274

920, 629

3,952
37,528

3,953
36, 611

4,123
38, 676

3,950
37, 884

3,834
36,405

4,091
40, 994

38,354

14,341
107, 701
5,281

12, 449
92, 882
2, 294

11, 523
85, 855
2,254

13,291
99, 739
3,055

13,122
99,510
2,450

12, 735
96, 032
2,048

13,153
102, 407
2,385

35,985
4,248

27, 434
3,257

26,103
3,060

28. 839
3,318

28,944
3,320

27, 874
3, J24

28,288
3,214

117, 427
20, 658
96, 769
5,714
1,983
20,775
68, 297

117, 704
19, 753
97, 952
7,677
2,096
20, 980
67,198

118,684
20,171
98,513
4,058
1,835
16, 269
76,351

94, 810
18, 499
76,311
3,787
2,536
17, 686
52, 301

91, 334
17, 546
73, 788
3,632
1,942
19, 464
48,751

61,9

62.3

62.2

62.4

60.7

2,272

2,053

2,409

2,655

2, 218

807,460

717,264

,100

761,833

3,809
37, 327

3,740
35,890

4,346
39,631

13,631
108,905
2,038

12, 561
99, 403
2,733

29, 354
3,292

27, 580
2,976

116,443
21,991
94,452
5,453
2,773
22,899
63, 327

98,499
21. 232
77,266
6,593
2,219
18, 287
50,167

99,166
22, 546
76, 620
4,908
1, 646
16,186
53,880

114,387
22, 521
91,866
4,257
1,641
21,053
64,916

61.3

61. 5

1,910

2, 026

GOODS IN WAREHOUSES
Space occupied, public merchandise in warehouses
percent of total..
NEW INCORPORATIONS
Business incorporations (4 States)..number._

2,156

2,182

POSTAL BUSINESS
Air mail, pound-mile performance*
thous. of lb.
Money orders:
Domestic, issued (50 cities):
4,071
Number.
thousands.
Value
thous. of dol._ 40, 616
Domestic, paid (50 cities):
Number
thousands.. 14,921
119,437
Value
thous. of dol
Foreign, issued—value
thous. of dol
Receipts, postal i
50 selected cities
thous. of dol.. 32, 880
3,678
50 industrial cities
thous. of dol..

949, 828 1,055,015 1,051,115 998,894
3,633
36,655

3, 665
37, 237

12, 598
103,085
2,482

11, 573
94, 696

12, 772
103, 480

26, 673
3,192

26, 037
3, 022

3,764

2,741 j

2,720

29, 294
3, 242

RETAIL TRADE
Automobiles:*
New passenger car sales:
139. 3
Unadjusted
.1929-31=100.
96.6
65.5
69.3
142.3
55.6
92.9
117.8
"71.0
138.6
53.3
90.6
117.3
Adjusted
1929-31 = 100.
109. 5
89.5
113.5
102.0
93.5
84.0
93.5
92.0 '
83.0
106.5
101.0
104.5
82.0
i
Chain-store sales:
I
Chain Store Age index:*fc?
I
Combined index t
av. same month 1929-31=100..
100
102
109 |
100
99
108
103
109
97
103
110
101
110
Apparel index t
I
av. same month 1929-31=100..
108
115
105
119 !
117
110
118
100
117
119
123
114
125
Groceryf
i
av. same month 1929-31=100..
92
94
93
102 !
93
93
96
100
94
99
93
100
Five-and-ten (variety) stores:*
Unadjusted.
1929-31 = 100.
95.1
98.8
93.4
73.5
67.7
97.8
95.7
101.7
97.2
80.3
178.4
86.5 !
96.8
Adjusted
1929-31 = 100..
104.0
93.7
95.2
100.2
92.0
90.8
88.0
109.2
93.3
97.7 i 102.4
96.8
96.7
H . L. Green Co., Inc.:*
2,684
2,625
Sales
thous. of dol._
2,
522
3,027
2,476
1,
753
1,868
2,412
2,043
2,514
4,641
2,430 i 2,501
Stores operated
number._
130
134
134
132
130
133
132 j
131
130
133
130
130
132
S. S. Kresge Co.:
12,182
Sales
_thous. of dol._ 13,540
12, 269 21, 551
9, 571 10,043
11,925
11,753
8,597
12,011
11,925
11,169
11,353
725
741
Stores operated—
number..
728
743
737
730
726
739
744
740
729
745
729
8. H . Kress & Co.:
Sales
thous. of dol_.
7,027
6,858
6,586
5,459
6,314
6,873
5,204
6,652
6,785
6,
552
7,307
6,525
13,789
235
Stores operated
number..
234
235
234
234
235
235
235
235
235
234
235
235
McCrory Stores Corp.: A
3,443
2,691
3,284
Sales
thous. of d o l . .
3,183
3, 262
3,096
3,511
2,324
2,893
3,002
3,057
3,010
6,268
197
194
Stores operated
number. .
195
203
200
°203
200
199
195
200
203
201
195
G. C. M u r p h y Co.:
3,183
Sales
.thous. of d o L .
2,907
2,970
2,311
2,922
2,865
2,974
3,001
3,637
2,003
2,320
3,089
5,005
191
192
Stores operated
number..
189
194
190
192
189
190
190
189
191
190
189
F . W . Woolworth Co.:
23 398 22, 861 23,186
23, 434
Sales
.thous. of d o l . . 26,733
19,016
23, 072
22, 622
23, 383 23, 407
16, 983
19,677
39, 590
1^989
Stores operated
number..
1,993
1,979
1,994
1,978
1,991
1,983
1,986
1,978
1,977
1,990
1,980
1,980
Restaurant chains (3 companies):
3, 363
Sales
.thous. of d o l . .
3,655
3,395
3,384
3,229
3,495
3,442
3,565
3,510
3,490
3,509
3,662
349
350
Stores operated
number
351
350
348
349
353
353
349
350
352
349
Other chains:
W. T . Grant & Co.:
8,371
5,754
Sales
___thous. of d o l . .
9, 333
8,365
8,581
6,475
7,443
7,649
5,175
7,075
6,925
8,328
14,818
Stores operated.
number..
473
472
474
472
472
471
472
472
472
470
471
473
471
J. C. Penney Co.:
Sales
thous. of d o l . . 28, 952
21, 475
13,692
24,023
24, 992 31, 332
22, 529
13, 964
18,475
16, 282 19, 759
20, 640
19, 369
1, 484
Stores operated
number..
1,494
1,483
1,483
1,481
1,481
1,489
1,491
1,483
1,481
1,481
1,488
1,481
Department stores:
Collections:*
Installment account
17.4
percent of accounts receivable.
18.0 i
16.9
16.2 j
17.4
16.7
17.4
16.7
17.1
17.6
16.2
16. 5
Open account
I
percent of accounts receivable.
45.5 i
45.1
45.8
44.0
47.6
I
45.6
'
42.8
44.4
46.9
46.8
43.9
42.1
• Revised.
New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Data of H. L. Green Co., Inc., prior to July 1933 will be shown in a
subsequent issue. For earlier data on automobiles see p. 19 of the April 1934 issue and variety-store sales, p. 18 of the March 1934 issue. Data prior to October 1933 on
collections not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. 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.
T Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
index and grocery index of Chain Store Age were revised for period January 1932 through August 1934. Se
See footnote on p. 26 of the November 1934 issue.
H Monthly data from January 1932 through June 1935 are
on page 20
20of fthe
th July
J l 1935
1935issue.
i
e on
• The New York Evening Post series on newspaper advertising
ertising iin 22 cities is available for the period 1916 through January 1934. See the 1932 annual supplement and
monthly issues prior to December 1934.
• Data for 1935 revised. See p. 26 of the May 1936 issue.
d Chain Store Age combined index fo? the period 1932-35 included 18 companies. Beginning 1936 it was increased to 20 caused by the addition of 1 apparel and 1 shoe
company.




27

SURVEY OF CURRENT BUSINESS

December 1936

1936
1935
Monthly statistics through December 1981,
together with explanatory footnotes and references to the sources cf the data, may be found October October Novem- Decemin the 1932 Annual Supplement to the Survey
ber
ber

1936
March

ary

April

June

May

July

August

September

DOMESTIC TRADE—Continued
R E T A I L TEADE—Continued
Department stores—Continued.
Sales, total value, unadjusted A
1923-25 = 100..
99
Atlanta*
— _ 1923-25 = 100..
119
Boston
1923-25 = 100..
92
Chicago*!
1923-25=100..
104
Cleveland*
1923-25=100..
98
Dallas*
1923-25 = 100,.
120
Kansas City
1925=100 .
102
Minneapolis*
1929=100..
112
New York*
1925-27=100..
97
Philadelphia*
1923-25=100..
84
Richmond
1923-25=100..
136
St. Louis
1923-25 = 100..
101
San Francisco*t
1923-25=100..
98
Sales, total value, adjusted* 1923-25 = 100..
90
Atlanta*
1923-25 = 100..
100
Chicago*!
1923-25=100..
95
Cleveland*
1923-25 = 100..
92
Dallas*
1923-25=100..
104
Minneapolis*
1929=100..
94
New York*
1925-27 = 100..
85
Philadelphia*
1923-25=100..
74
San Francisco*!
1923-25=100..
95
Installment sales, New England dept.
stores, ratio to total sales
percent..
10. 9
Stocks, value, end of month:
Unadjusted
1923-25=100..
76
Adjusted
1923-25 = 100(59
Mail-order and store sales:
Total sales, 2 companies,, .thous. of dol.. 103. 590
Montgomery Ward & Co. thous. of d o l . .
45,455
Sears, Roebuck & C o . . - t h o u s . of d o L .
58,135
Rural sales of general merchandise:*
Unadjusted
1929-31 = 100..
155.1
Adjusted
1929-31 = 100..
127.1

87
74
117
80
90
78
82
78
75
80
79
77
65
10.2 j
72
66

91
103
78
89
83
97
84
85
93
80
114
81
94
82
90
81
79
84
86
79
66
89

145
158
124
137
133
155
133
123
146
122
185
120
154
83
93
81
81
95
83
83
69
90

8.8

6.2

75
67

79,945 | 71,777
30.910
35,897
40,867
44,048
127.6
104.6

127 6
103.7

54
69
70
77
63
58
64
51
72
59
73
83
98
87
86
91
77
77
62
86
11.0

61
65
90, 813
39, 475
51, 338

58
66

62
65

46.181
18, 508
27, 672

45,435
17, 855
27, 580

155. 9
109. 8

79.9
96.3

68
87
80
79 I
71
66
95
73
80 |
84 I
103 !
90 !
78
91
84 |
83 I
73 i
88 |
9.7 !

85
100
74
89
89
90
80
88
78
70
103
78
88
84
96
84
79
92
82
80
70
8.5

68
67 |
65
65 I
I
60,926 I 69, 413
24, 845 30, 403
36, 081 39,011

84.2 i 99.2
93. 0 ! 106. 7

105. 5
109. 9

76
86
87
102
88
87
91
86
' 85
76
90
8.9

71
104
72
84
87
103
89
86
100
88
83
74
94

63
78
54
65
63
71
59
81
62
52
79
55
77
91
111
91
83
102
61
82
70
94

68
96
54
76
72
77
70
75
63
56
78
60
88
87
123
95
$?)
107
86
81
73
92

a 94
116
82
86
89
109
92
95
87
a 7!
104
86
97
88
123
94
86
103
88
84
" 79
93

7.5

9.5

14.9

10.8

67
65

62
64

59
63

65
67

71
68

75,219
30, 295
44,923

76, 689
30, 330
46, 359

65, 270
25, 636
39, 634

66, 325
27, 422
38,903

80, 974
33, 357
47,617

106 5
113.3

ion 2
112.4

88. 3
114. 7

96.2
3 11.9

122.3
123. 6

89
103
74
89
93
95
82
87
80
74

no

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadj. (B. L. S.)*§
1923-25=100.
Durable goods group*§
1923-25=100.
Iron and steel and products. 1923-25=100.
Blast furnaces and steel works
1923-25=100Structural and metal work
1923-25=100.
Tin cans, etc
1923-25=100.
Lumber and products
1923-24=100.
Furniture
1923-25=100.
Millwork
1923-25 100.
Sawmills
1923-25 100.
Turpentine and rosin
1923-25 100.
Machinery
1923-25 100.
Agricultural implements-1923-25 100.
Electrical machinery, etc 1923-25 100.
Foundry and machine-shop prod ucts
1923-25 100.
Radios and phonographs. 1923-25 100.
Metals, nonferrous§
1923-25 100.
Aluminum manufactures!
1923-25 = 100..
Brass, bronze, copper products
1923-25
Stamped and enameled ware§
1923-25 100.
Railroad repair shops
1923-25 100.
Electric railroad
1923-25 = 100.
Steam railroad
1923-25 = 100.
Stone, clay, and glass products
1923-25 =100 _
Brick, tile, and terracotta. 1923-25 = 100
Cement
1923-25; aoo.
Glass
1923-25; 100Transportation equipment. 1923-25 aoo.
Automobiles
1923-25; = 100.
Cars, electric and steam.. 1923-25= 100.
Shipbuilding
1923-25= 100.
Nondurable goods group* §.__ 1923-25= 100.
Chemicals and products.__ 1923-25= 100.
Chemicals
.1923-25= 100.
Druggists' prep
1923-25= 100.
Paints and varnishes
1923-25= 100.

92.1
84.1
89.1

85.3
74.9
76.4

85.0
76.1
76.8

84.6
75.7
76.6

82.9
74.4
75.8

83.1
74.4
76.0

84. 1
75.7
77.1

79.1

85.7
79. 2
81. 1

86.0
79.9
82.4

8'). 8
79. 7
83.8

89. 0
80.0
86.0

P0. 6
«80.9
°87.7

90.0

75.6

76.2

77.0

77.1

76.6

77.4

79.7

82. 1

83.2

85.8

88.2

a

79.8
103. 3
61.8
87.9
55.7
38. 9
101.3
105.7
104.2
87.2

59.0
100.5
57.5
77.9
49.5
37.6
100.3
93.1
116.6
75.3

58.6
95.3
56.0
77.0
48.7
36.0
100.7
93.8
123.8
75.4

56.6
92. 9
54.5
74.8
46.9
35. 1
99.7
93. 1
128.9
74.0

57.4
91.6
52.9
71.7
45.5
34.4
98.0
92.5
133.9
72.1

57.7
91.4
53. 1
72.6
45.7
34.3
98.1
92.6
136.3
71.4

60.9
93.9
54.5
72.4
47.0
36. 1
97.1
93. 6
138.7
72.3

64. 5
95.8
55. 6
7?. 1
48.5
37.5
99.0
96.2
140.4
75.3

69. 1
98. 6
56. 7
73.0
49. 8
38.4
97.8
99. 1
138.3

72.6
102.7
57.5
74.4
51.7
38.5
990
100.3
132.6
79.1

75. 3
104.3
58. 1
77.7
51. 5
3S.4
99.2
100.5
118.4
80.9

79.4
111.0
59.5
82.6
54.3
37. 7
101.8
101.2
104. 1
81.4

92.3
263.9
101.7

76.8
279.1
91.9

77.6
271.6
93.1

79.0
230.0
92.3

79.1
213.1
89.4

80.0
196.0
89.3

81.5
186.1
88.9

83.8
188.6
88.7

87.0
242. 5
89.7

88.2
234.2
88.7

89.4
255. 0
92.4

95.1

82.7

83.0

82.1

81.2

82.0

85.2

84.3

77. 1
86. 1

215.4 .
89.0
84.6

87.5

89. 5

«79.9
« 113.6
a

(10. 9

« 85. 9
a
54. 8
"38.4
101.4
104. 0
101.3
• 85. 0
« 261.7

« 96. 8

90.6

98.0

86.8

89.0

88.5

87.6

87.2

86.9

86.8

87.9

88. 1

90.4

« 94. 3

124.9
62.9
67.0
62.6

112.7
55.1
64.5
54.4

116.2
55.7
65.1
55.0

117.0
55.8
64.8
55. 1

110. 5
55.9
65.0
55.2

109.2
58.2
65.5
57.6

109.1
60. 1
65.8
59.7

112.8
59.9
66.0
59.4

110.8
60. 1
65. 9
59.7

112.3
60. 6
65.6
60.2

109.4 .
58.9
65.8 !
58.4

112. 2
60. 5
65. 9
60.1

« 116. 2
« 61. 4
66. 0
« 61.1

63. 1
42.3
62.5
101. 6
101.5
108.6
67.7
100.4
100.7
118.3
122.5
100.4
115.1

56.7
35.3
52.9
97.5
92.3
105.0
37.9
79.8
96.4
113.1
108.9
101.6
109.2

56.4
34.6
49.6
98.4
101.0
115.5
43.4
82.3
94.6
112. 4
109.5
100.3
109. 3

55.2
33.9
45.0
97.8
103.2
118.2
47.4
82.9
94.3
111. 1
108.8
98.8
107.9

50.8
31.0
38.0
92.0
101.7
116.3
45.4
83.9
92.1
109.7
107.4
97.6
107 1

51.0
30.0
38.0
93.8
99.0
112.0
48.6
82.0
92.6
10S. 9
107.1
97.7
107.2

54.1
32.5
44.3
94.9
100. 3
111. 1
55.0
90.7
93.2
112. 1
108.1
99.0
108.1

57.7
36.7
52.3
97.1
104.3
114. 1
60.9
99.8
93.1
110.7
109.0
98.4
111.9

59.8
39. 9
58.4
97.3
105.5
115.6
61.1
98.7
92,7
110.0
110.3
96.8
114.5

60 7
42.3
58.9
97.3
104.6
114.3
63.3
95.8
92.6
108.3
111.7
96.5
115.3

61.1
43.0
60. 0
97.0
101.0
109. 6
60.0
96.7
94.4
110.6
115.3
96.3
112.9

61.9
43. 3
61.1
97.9
92.7
97.0
68. 3
97.2
98.8
111.4
115.8
96. 4
111.3

62. 2
»42. 9
«62.0
« 97. 4
"87.1
« 89. 1
« 66. 3
a
100. 1
a
101.1
« 117.4
« 119.6
« 99.1
•» 113.3

•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.
Wote 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 were shown on p. 19 of
the August 1935 issue.
!Revised series. See p. 19 of the April 1935 issue, department-store sales, Chicago. Data for department store sales, San Francisco district revised for the period
1919-36. Revisions not shown in the November 1936 issue will appear in a subsequent issue.
AThis series was shown on p. 20 of the June 1935 issue from 1919 through April 1935. For a subsequent revision see p. 19 of the September 1936 issue.
•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. For a subsequent revision see p. 19 of the September 1936 issue.
§Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue appeared on p. 16 of thp January 1936 issue.
A subsequent revision of the data has been made occasioned by the indexes being adjusted to the 1933 census of manufactures. These revisions w'll appear in the 1936
Supplement.




28

SUEVEY OF CURRENT BUSINESS

December 1936

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

1936

DecemOctober i November
ber

January

February

Marcb

April

May

June

July

August September

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory unadjusted—Continued.
|
Nondurable goods group—-Continued.
j
Chemicals and products—Continued.
|
Petroleum refining
1923-25=100.-1
Rayon and products
1923-25=100Food and products
1923-25=100Baking-—
..—1923-25=100Beverages
— 1923-25=100-.
Slaughtering, meat packing 1923-25=100-Leather and products——1923-25-100Boots and shoes
1923-25-100Leather
— -1923-25=100..Paper and printing
1923-25=100Paper and pulp
— 1923-25=100-.
Rubber products §
1923-25=100..
Rubber tires and tubes. .1923-25= 100-Textiles and products
1923-25=100-.
Fabrics
1923-25=100Wearing apparel
-1923-25-100Tobacco manufactures
1923-25=100..
Factory adjusted (F. R. B.)* §.1923-25=100
Chemicals and products
1923-25=100
Chemicals
1923-25=100—
Druggists'preparations 1923-25=100Paints and varnishes
1923-25=100..
Petroleum refining.
-1923-25=100Rayon a n d products
1923-25=100Food a n d products
1923-25=100..
Baking
-1923-25=100-Slaughtering, meat packing
1923-25=100Iron and steel and products-.1923-25=100Blast furnaces a n d steel works
1923-25=100Structural and metal w o r k . 1923-25=100..
Tin cans, etc
1923-25=100..
Leather and products
1923-25=100..
Boots a n d s h o e s . . — 1923-25=100Leather...
1923-25=100Lumber and products
1923-25=100Furniture
1923-25=100.
Millwork
1923-25=100Sawmills
-1923-25=100Machinery
1923-25=100Agricultural implements _ _ 1923-25=100..
Electrical machinery, e t c . . 1923-25=100Foundry and machine-shop products
1923-25=100.
Radios and phonographs
1923-25=100..
Metals, nonferrous§
_1923-25=100.
Brass, bronze, copper prod_1923-25=100.
Stamped and enameled
ware§
....1923-25=100.
Paper and printing
1923-25=100..
Paper and pulp
1923-25=100.
Railroad repair shops
1923-25 = 100..
Electric railroads..
1923-25=100..
Steam railroads
1923-25=100..
Rubber products §
1923-25=100
Rubber tires and tubes
1923-25=100..
Stone, clay, and glass products
1923-25=100..
Brick, tile, and terra cotta_1923-25 = 100
Cement
.1923-25=100
Glass
1923-25=100
Textiles and products
1923-25=100..
Fabrics
..1923-25=100
Wearing apparel
1923-25=100..
Tobacco manufactures._
1923-25=100.. |
Transportation e q u i p m e n t . . 1923-25 = 100_. ]
Automobiles
1923-25=100..
Cars, electric and s t e a m . . _ 1923-25=100..
Shipbuilding
1923-25-100..
Factory, b y cities and States:
Cities:
Baltimore*
....1929-31 = 100..
Chicago*
..1925-27=100..
Cleveland*
1923-25=100..
Detroit
1923-25=100..
Milwaukee*
_
.1925-27=100.. i
New Y o r k . . .
1925-27=100..
Philadelphia!
1923-25=100..
Pittsburgh*!
..1923-25=100..
States:
Delaware!
1923-25=100..
Illinois
1925-27=100..
Iowa*
1923-25=100..
Massachusetts*!
1925-27=100..

111.1
362. 9
115.9
117.3
199.1

1

89.9
89.7
88.1
96.2
99.6
110.7
88.1
79.8
98.5
95.0
102.3
59.5
88.9
114.6
120.0
98.4
114.4
109.0
362.9
105.1
116.9

«89.3
89.4
87.3
"98.0
' 102.0
111.9
« 90. 2
*80. 4
"99.8
95.9
1
104.7
° 60.0
88.9
116.1
119.9
97.1
114.3
109.6
366.3
104.1
116.5

114.8
366.3
121.9
' 118.6
194.6

113.4
367. 7
113.7
119.6
177.8

110.9
356.8
108.5
114.6
162.9

110.3 |
356.1 J
100.5
113.6
153.0

109.6
357.9
96.8
112.4
150.1

108.7
353.6
92.6
111.2
149.7

108.0
347.2
91.1
111.7
148.0

107.5
352.0
92.0
112.9
158.6

109.4
331.1
94.1
113.5
163.9

109.4
341.4
96.3
114.8
178.9

110.7
342.0
100.4
115.9
184.9

114.1
353.3
107.7
116.6
204.2

90.3
88.1
85.7
97.8
103.1
112.3
93.7
82.5
100.7
97.3
104.3
66.2

79.7
86.6
84.0
97.0
98.3
109.1
82.8
70.7
97.7
94.6
100.5
60.0
83.7
111.3
107.7
97.1
108.9
111.1
356.8
98.1
112.8

82.8
82.3
77.8
100.3
98.7
109.0
82.7
69.8
97.0
96.1
94.8
59.7
84.8
110.8
107.2
96.8
110.2
111.4
356.1
98.4
111.8

84.3
86.3
82.8
100.4
99.7
110.0
83.0
70.5
96.9
96.4
93.8
58.2
85.6
110.3
106.6
97.3
109.7
110.9
357.9
100.7
112.4

84.9
88.4
86.1
97.7
97.5
108.7
82.0
70.5
95.1
94.0
93.4
52.2
84.8
109.8
105.9
95.4
109.6
110.8
353.6
103.1
113.6

81.7
89.7
88.1
96.3
98.2
109.2
81.7
69.9
96.1
93.5
97.9
55.5
83.8
108.2
105.4
96.8
107.3
109.4
347.2
101.7
114.2

80.5
89.0
87.4
95.6
98.2
109.6
72.7
53.2
97.2
93.3
101.9
55.9
84.2
110.3
106.9
96.9
107.3
108.6
352.0
102.2
115.2

80.7
86.4
84.3
94.9
98.6
110.3
82.1
68.1
96.1
91.9
101.7
55.4
84.9
107.6
108.3
100.2
111.4
109.4
331.1
100.5
115.3

82.8
83.9
81.4
94.3
99.0
111.0
83.0
70.0
94.2
90.7
97.9
56.7
85.8
111.2
112.2
100.4
110.4
109.6
341.4
102.9
114.8

84.2
82.4
79.7
93.5
98.3
110.3
83.7
72.6
93.2
90.6
95.2
56.9
86.3
111.8
113.9
101.0
111.1
109.7
342.0
102.4
114.6

89.2
86.9
85. 1
94.5
97.9
109.8
84.5
73.6
93.4
92.0
92.5
57.2
87.6
114.2
118. 1
101.7
113. 1
111.6
353.3
103.9
114.9

79.1
75.9

82.0
77.1

80.7
77.9

82.4
77.6

80.3
75.9

82.4
76.1

83.4
77.9

83.8
80.1

84.6
82.2

89.7
85.1

76.1
57.7
100.7
84.5
81.4
97.1
55.4
71.7
49.1
37.0
90.6
122.4
75.3

77.1
58.4
99.6
84.1
80.2
99.6
54.4
71.6
48.7
35.7
93.0
127.8
75.4

78.3
57.1
96.6
90.3
88.0
100.0
54.5
72.4
47.6
35.8
93.9
129.3
74.0

77.6
58.9
97.9
89.2
87.5
96.0
54.8
74.4
46.9
36.0
94.6
129.4
72.1

75.8
59.4
95.5
87.8
86.4
93.9
54.6
73.3
46.3
35.8
93.6
128.1
71.4

75.7
62.3
96.9
86.9
85.4
93.4
55.9
73.7
47.6
37.3
94.9
129.6
72.3

78.1
65.3
95.4
87.0
85.2
94.7
56.3
74.7
48.2
37.7
97.0
132.6
75.3

80.9
69.5
97.6
86.2
84.0
95.6
57.1
76.8
49.2
37.8
99.6
134.1
77.1

83.4
72.2
99.2
85.9
83.4
95.8
57.3
77.2
51.1
37.5
100.7
133.5
79.1

87.0
73.8
100.3
86.4
83.8
97.2
58.2
81.4
51.0
37.6
101.1
125.0
80.9

77.4
196.8
90.8
87.9

79.1
222.3
91.9
90.0

80.9
225.4
91.4
89.1

80.3
253.1
90.4
88.0

79.6
239.0
88.3
85.6

80.4
248.8
87.2
84.6

82.4
239.0
87.6
85.3

84.8
256.4
89.4
87.2

86.1
267.7
90.8
88.4

88.2
244.0
90. 9
89.0

112.6
97.8
109.1
54.8
64.5
54.1
83.4
73.2

116.3
97.4
109.0
55.8
65.1
55.2
83.0
72.1

118.3
98.0
110.0
55.9
64.8
55.2
83.4
72.9

114.2
96.8
108.7
56.7
65.0
56.1
83.4
72.7

107.9
98.0
109.2
59.0
65.5
58.4
82.2
70.6

105.1
97.9
109.6
60.4
65.8
60.0
73.7
54.3

109.7
99.0
110.3
59.4
66.0
59.0
82. 1
67.0

109.3
99.6
111.0
59.7
65.9
59.3
81.8
66.8

112.2
99.2
110.3
60.1
65.6
59.7
81.7
68.2

110.7
98.9
109.8
58.6
65.8
58.1
83.6
70.4

54.6
34.4
50.0
92.5
96.0
93.6
97.3
57.4
99.5
113.8
39.5
85.3

56.1
34.7
49.2
97.2
96.2
94.4
96.0
57.0
109.0
125.1
48.1
85.6

56.4
35.8
47.4
98.2
96.2
94.7
95.3
58.0
110.9
128.0
51.6
82.9

55.8
35.3
42.8
100.0
95.0
93.0
95.3
56.0
103.0
117.4
50.9
81.4

54.0
34.5
42.7
96.2
94.4
92.0
95.8
55.2
96.6
108.7
52.3
78.0

55.2
35.2
47.3
94.1
94.6
91.6
97.4
56.4
96.3
106.3
55.4
86.1

57.1
36.4
52.6
95.6
94.9
91.3
99.1
56.2
98.7
108.0
56.4
93.7

58.2
37.7
56.7
95.6
94.2
90.7
98.1
57.0
96.7
105.2
55.6
95.7

58.3
39.4
55.3
94. 1
94.5
91.8
96.7
57.2
99.1
108.2
58.3
94.7

60.5
39.7
55. 8
101.0
98. 2
95^9
99.3
57.8
98.2
106.4
56.0
99.0

60.4
40.0
57.4
99. 6
102.0
98.7
105. 1
59.7
92. 7
96.8
65.0
102. 7

60.0
40.4
58.5
95.1
100.1
97.0
102.9
58.4
92.7
96.2
64.1
106.8

92. 3
78.8
102. 0
103. 0
104.0
82.2
99.
86.3

84.4
68.5
95.5
100.9
94.4
77.7
92.2
71.5

82.9
68.9
94.9
107.8
96.2
76.3
92.2
72.2

81.9
69.1
94.7
108.8
96.0
75.2
92.7
72.0

68.7
94.9
103.8
95.2
73.7
90.5
69.7

82.0
69.2
94.2
100.0
94.2
74.5
90.8
71.3

83 3
69^3
94.4
101.5
96.1
77.2
91.8
71.8

86.2
70.0
95.1
105.8
97.6
75.9
91.7
74.4

87.7
71.7
96.2
105.0
99.5
74.3
91.5
76.0

88.2
72.6
96.2
103.5
99.2
72.2
92.2
78.7 I

88.9
73.6
96.4
101.0
98.1
72.5
93.6
80.9

84.2
76.0
91.1
78.0
97.4
77.1
96.1
°82.7

91.5
77.6
96.4
83.9
101.4
80.4
« 99.0
"84.8

105.7
86.9
121. 9
80.4

92.6
75.8
114.3
76.5 !

88.4
76.0
114.7

89.5
76.6
116.3
76.4

89.7
75.8
115.6
74.3

89.1
76.7
114.5
75.3

88.7
77.8
117.4
74.8

88. 3
79.0
119.0
74.5

90.4
80.3
121.8
74.0

94. 6
81. 6
123 2
73 4

99. 1
82.1
121.0
75.4

« 111.3
84.7
119.8
78.2

* 118.4
86.6
121.8
79.8

1

91.7
86.2

90.4
87.1

88.9
77.5
103.5
86.7
83.9
97.7
58.8
82.4
53.4
36.7
100.8
109.9
81.4

89.4
78.1
108.6
86.1
83.1
98.1
59.1
83.3
54.4
37.1
101.7
107.7
85.2

89.2
231.8
94.2
91.1

91.0
196.4
97.1
95.1

114.7
100.8
110.7
60.3
65.9
59.9

116.2
102.1
111.9
60.7
66.0
60.3
91.4

on c
OV. 0

79.7

* 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; employment in Chicago, p. 20; June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934.
For Iowa employment see p. 20 of this issue.
,
.
..
,
,,.„. . . , ,,
nnn
! For 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,
revisions for period January 1933-May 1936 not shown in the October 1936 issue will appear in the 1936 supplement.
.
§ These data for the period January 1933-September 1935 have been revised: revisions not shown in the December 1935 issue appeared on p. 16 of the January 1936 issue.
A subsequent revision of the data has been made occasioned by the indexes being adjusted to the 1933 census of manufactures. The seasonally adjusted indexes will be
in the January 1937 issue.




29

SURVEY OF CURKENT BUSINESS

December 1936

1935
Monthly statistics through December, 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decemin the 1932 Annual Supplement to the Survey
ber
ber

1936

January

February

March

April

June

May

July

August Septem
ber

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, by cities and States—Continued.
States—Continued.
Maryland*__
1929-31=100New Jersey!—
1923-25=100
New York
1925-27=100
Ohio._
_
_
.1926=100..
Pennsylvaniat
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..
xPnHli/»
uDiic liHlitiae*
utilities.
Electric light and power, and manufactured gas . . .
1929=100
Electric railroads
1929=100
Telephone and telegraph
1929=100Trade:
Retail t
1929=100
Wholesale!—
.1929=100..

100.2
82.7
84.6
87.7
96.8

92.1
80.0
77.8
93.8
79.4
39.1

90.4
80.6
76 9
96.0
79.0
88.2

89.7
79.1
76.2
94.2
78.9
87.2

0)

49.9
81.2
64.5
73.8
54.6

58.8
74.3
51.6
74.7
50.0

46.6
76.1
52.6
73.0
46.7

94.2
73.1
73.8

87.4
71.1
70.0

88.6
89.1

83 8
85.7

88.4
76.3
75 2

88.3
76.1
75.3

76.9
85.9

77.3
87 1

57.3
79.1
53.5
71.9
43.1

59.1
79.8
54.2
71.1
39.4

61.2
80.2
55.5
70.8
36.9

52.5
80.4
55.9
70.9
42.2

87.6
71.1
69.8

86.8
70.5
69.6

86.1
70.7
70.1

86.1
71.7
69.9

84.6
86.4

92.9
86.8

80.4
85.6

73.4
86.7
80.4
76.3
Dyeing and cleaning*!*
1929=100..
Hotelsf
1929=10085.6
81.6
81.5
80.8
Laundries*!*.
1929=100
87.6
81.9
81.3
81.1
Miscellaneous data:
Construction employment, Ohio
1926=100..
30.9
28.5
27.9
0)
Farm employees, average per farm*
.95
.85
.62
(a)
numberFederal and State highway employment,
total*
number.. 389,966 323,374 290,523 252, 229
Construction*
number
240, 249 176,050 151,385 130, 539
149, 717 147,324 139,138 121,690
Maintenance*
number
Federal civilian employees:
876, 591 831,453 835,236 850, 943
United States*
.
number
114, 510 110,009 110,745 111,692
Washington
number
987
1,021
Railway employees, class I*, thousands
1,001
Trades-union members employed:
88
80
80
77
All trades
_
percent of total
52
"79
54
Building trades*
percent of total..
53
89
81
82
81
Metal trades*
percent of total._
°90
86
87
86
Printing trades*
percent of total..
90
85
84
81
All other trades*
percent of total..
68
59
55
58
On full time, all trades.percent of total
LABOR CONDITIONS
Hours of work per week in factories:*!^
Actual, average per wage earner
hours. .
41. 1
38.6
38.6
38.7
fndustrial disputes in progress during
month:f
210
§ 320
332
Number of disputes
274
Man-days lost
number.. §1,007,000 1, 562,908 1,003,852 660,911
Workers involved
number § 135, 000 133, 742 100, 732 61, 782
Employment Service (United States):*
Applications:
In active
file®!
number.. 6,887, 629 8,796,750 8,456,718 9,025,963
New _ _
number
357,177 656, 741 550,457 501,194
Placements:
Number!
398, 886 561, 717 684, 329 799,927
.058
.064
.089
Per active applicant.. _
number
.081
Labor turn-over:f
Accessions
percent of no. on pay roll..
4.83
5.23
3.63
3.30

71.5
81.9
81.5

IVLISCOlJclIltHJUb.

0)

0)

0)

0)

93.1
77.0
77.4

94.2
77.7
77.5

93.9
79.3
76.8

95.5
78.7
77.4

0)

0)

80.7
91.8

82.4
95.6

49.8
77.5
57.5
71.3
48.4

54.9
76.2
60.8
72.7
52.0

51.2
75.7
61.9
73.7
53.5

86.8
71.2
70.2

88.0
71.3
70.8

89.0
71.5
71.6

79.7
85.0

81.9
85.6

85.2
85.7

70.3
82.8
81.2

74.7
82.8
82.1

81.8
83.2
83.2

0)

.71

90.5
76.4
77.2

77.6
88.7

0)
.74

202,884 200,451
97,089
80,674
105, 795 119, 777

0)

79.1
89.3

0)
.89

93.0
80.8
79.7

0)

98.9
83.1
83.2

0)

« 84.5
91.9

"86.7
95.2

48.4
75.5
61.3
75.4
54.4

41. 1
76.8
61.6
75.7
55.3

47.6
78.1
62.8
74.4
54.8

90.4
71.7
72.1

91.7
72.4
73.1

93.5
72.4
73.5

93.4
72.8
73.7

85 0
84.6

85.5
84.6

83. 2
85.4

82.4
86.2

86.8
87.7

87.3
84.1
85.5

87.5
83.9
87.2

85.5
83.3
90.5

83.6
83.0
89.6

86.6
83.8
89.6

79.5
90.7

0)

0)

0)

C)

0)

.90

1.00

227,586 287,478
94,200 144,173
133, 386 143,305

374,191
209,835
164,356

423,466 435,971 433, 533 414,147
258,103 271, 015 274, 651 262,375
165 363 164, 956 158, 882 151, 772

1.01

.99

1.11

1.07

991

835,087
112,304
1,042

841,197
112,370
1,032

846,279
115,073
1,061

853,439
116,857
1,080

859,836
117,103
l' 089

78
50
83
85
82
56

78
48
83
87
83
57

79
51
83
87
83
58

82
59
85
88
85
61

83
66
86
89
86
61

83
72
88
88
85
60

83
73
89
88
84
64

86
75
88
88
88
63

87
76
88
89
89
66

38.4

38.1

38.7

39.5

39.4

39.4

39.2

40.0

40.6

840,183
111,954

866, 141 869,799 871,253
116, 022 115, 569 114 611
1.' 126
1,097 ° 1,115

a

a 324
«249
"249
a 283
v 342
302
a 280
"305
" 316
« 632,811 «748, 013 "1,330,950 " 696, 687 "1,009,552 •1,307,980 "1,082,041 « 851, 802v 1,031,000
° 58,609 a 89, 791 ° 122, 283 a 95,115 a 122, 293 a 130 967 a 121, 895 a 111^678 P 135( 000
9,083,717 9,252,657 9,312,517 9,044,859 8,812,299 6,498,076 6,726,328 6, 823,904 "6,829,065
433,585 355, 327 364, 758 300 516 2Q5 812 370 233 QQf, K « 7 384 762 355, 538
\J\J\Jy 9JX\J

522, 762
.058

387, 279
.042

3.65

2.95

442, 331 454,826
.047
.050
3.97

4.46

468,588
.053

473,141
!073

437,837
.065

4.05

4.49

4.94

436,093 a434, 370
.064
.'064
4.72

5.09

ftttT\svrsi t infi G •

.24
.18
Discharged—percent of no. on pay roll—
.21
.20
.20
.17
.19
.21
.27
.20
.23
.26
Laid off
percent of no. on pay roll—
1.72
2.03
2.58
2.89
2.66
2.21
3.23
1.47
1.83
2.06
1.84
1.92
1.92
Voluntary quits
percent of no. on pay roll..
1.29
.69
.89
.77
.68
.71
.86
1.16
1.23
1.06
1.15
1.57
1.13
PAY BOLLS
Factory unadj. (B. L. S.) *§.._^1923-25= 10086.5
75.6
74.3
73.7
71.9
72.0
75.5
77.2
81.1
77.8
78.5
78.7
° 81.1
Durable goods group*§
1923-25=100..
81.3
65.1
66.7
68.3
63.8
63.6
73.2
68.4
72.4
74.6
72.1
75.1
«73.3
Iron and steel and products
a
1923-25=100..
87.2
65.5
65.1
68.8
64.4
65.2
80.7
81.0
69.9
73.9
76.9
78.5
75.8
Blast furnaces and steel works
a
1923-25= 100. _
91.3
66.1
66.4
72.0
68.0
68.2
73.8
82.5
82.1
79.2
87.1
84.0
86.8
Structural and metal work
1923-25=100..
74.9
46.0
44.7
45.0
45.3
44.8
49.9
60.7
66. 1
65.1
54.7
70.6
° 71.1
Tin cans, etc
1923-25=100..
100.6
100.2
91.5
91.5
90.9
86.1
113.2 a 1]7 1
94.5
98.6
102.1
102.4
94.3
Lumber and products
1923-25=100. _
56.9
48.6
45.0
44.2
41.1
41.1
44.6
48.1
46.3
49.4
48.5
52.7
53.9
Furniture..
1923-25=100..
77.6
63.0
59.3
58.4
51.8
54.3
55.7
56.7
59.3
60.5
56.2
69 1 aa 71, Q
Millwork
1923-25=100
52.0
41.9
39.6
39.0
36.1
35.9
39.2
43.9
44.2
41.2
45.9
48.9
48.' 5
Sawmills
1923-25*100
32.5
29.5
26.5
25.9
25.2
24.4
28.0
31.3
31.4
30.0
29.7
31 1 a 31 7
Turpentine and rosin..--1923-25=100. _
60.0
64.6
65.8
64.4
60.51
55.2
59.2
58.1
57.0
58.8
58.6
59! 2
59.7
l
° Revised.
» Preliminary.
Temporarily discontinued by the reporting source.
* Data not available.
* For earlier data see the following references: Employment in Maryland, and Federal civilian employment, total, United States, 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. Data on the U. S. Employment Service for the period July 1933-June 1935 were shown
on p. 19 of the September 1935 issue. Data for class I railway employment for period July 1921-August 1936 are shown on p. 20 of the November 1936 issue.
!For revised data refer to the indicated pages as follows: Employment in New Jersey and Pennsylvania, p. 19, September 1933; for revisions of years 1930-34, see p. 20 of

new applications, 878,782, and placements 304,499.
•Figures represent the condition as of the end of the month shown. This method has been followed since September 1932. Figures showa 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.
§Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue appeared on p. 16 of the January 1936 issue.
A subsequent revision of the data has been made occasioned by the indexes being adjusted to the 1933 Census of Manufactures. These revisions will appear in the 1936
Supplement.
A The revised series on dyeing and cleaning and laundry employment shown in the August 1935 issue have been dropped by the B. L. S. nn3 the publication of the
original series resumed in the September 1935 issue

<g)Changes in procedures affecting the composition of the active file resulted in the decline during June 1936.
IData revised for the period 1924 to date. For revisions see p. 17 of the October 1936 issue.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

30

SURVEY OF CURRENT BUSINESS

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

1936

December 1936

1935

1030

DecemOctober October November
ber

January

February

March

April

May

June

July

August

ber

E M P L O Y M E N T CONDITIONS AND W A G E S — C o n t i n u e d
i

PAY ROLLS—Continued
Factory unadjusted—Continued.
Durable goods group—Continued.
Machinery
1923-25=100..
Agricultural implements-1923-25= 100.
Electrical machinery, etc. 1923-25= 100..
Foundry and machine shop products
"Radios and phonographs. 1923-25 = 100
Metals, nonferrous §
1923-25= 100-.
Aluminum manufactures §
Brass, bronze, copper products

96.8
125. 6
8L.0

78.4
136.1
65.2

78.9
145.0
64.6

80.7
155.2
65.1

78.3
162.0
61.3

79.2
165.3
61.0

82.2
171.0
63.7

86.3
172.5
68.6

89.6
168.8
71.1

90.6
156. 5
73.0

87.6
130.5
72.6

88.8
112.2
72.4

89.4
103.6
"73.9

85.5
185.6
94.7

64.6
185.8
78.4

65.3
179.8
78.5

68.5
143.7
79.4

66.7
126 2
72.7

68.3
114.0
72.4

71.6
109.7
73.9

75.4
118.0
74.0

78.4
141.9
75.2

79.6
162.0
76.1

77.4
149.9
73.6

79.8
172.2
79.1

80.7
168.3
"84.1

93.8

76.0

77.0

76.7

74.6

76.7

79.9

78.7

78.8

80.9

82.5

86.1

84.8

89.9

72.5

72.9

73.4

71.3

70.3

69.9

70.8

73.3

73.2

72.3

83.1

83.1
Stamped and enameled ware §
96.4
90.7
101.0
102.8
90.8
99.9
98.8
101.1
91.9
97.3
121. 9
"97.5
98.0
1923-25 = 100 .
"61.2
61.6
62.3
58.0
59.7
66. 1
53.1
54.5
57.1
52.2
57.8
63.1
6Q.6
Railroad repair shops
1923-25=100 .
« 61.3
62.7
61.9
61.7
61.3
63.6
60.0
59.3
61.8
60.8
62.5
63.6
62.5
Electric railroads
..1923-25=100 .
"61.3
61.6
62.4
57.8
66.4
52.7
54.2
56.9
51.7
57.6
63.2
60.6
59.7
Steam railroads..
.1923-25=100Stone, clay, and glass products
43.5
44.6
38.7
44.5
43.9
38.0
46.9
48.8
49.3
49.5
55. 5
« 51.6
51.5
1923-25—100..
19.4
22.4
23.4
24.0
23.3
20.0
25.8
31.4
Brick, tile, and terra cotta
31.3
33.0
« 31. 5
29.5
32.2
44.0
45.5
46.9
48. 7
35. 1
33.3
31.1
23.4
23.8
31.8
38.3
50.2
»49.4
Cement
— .1923-25=100^
93.0
91.9
89.1
94.2
90.9
91 2
94.2
82.3
83.8
89.1
92.1
104.5
« 92. 6
Olass 1923-25=100-.
102.4
99.5
93.3
78.6
92.1
92.9
86.2
77.8
87.7
100.8
97.5
82.3
Transportation equipment 1923-25=100..
" 77'. 2
111.1
107.1
99.5
83.4
87.5
104.5
103.8
95.7
83.9
94.4
109.1
102.1
Automobiles
1923-25=100..
« 72. 1
67.2
70.2
65.7
75.7
38.7
44.6
51.9
47.9
51.7
59.8
68.1
80.9
Cars electric and steam. 1923-25 = 100..
93.0
95.6
91.8
92.5
91.5
70.4
72.5
77.2
77.2
75.3
85.0
95.6
96.6
Shipbuilding.
1923-25=100..
« 91.1
83.4
83.3
85.2
91.4
86.1
82.7
85.2
82.3
82.7
84.7
83.3
93.3
Nondurable goods group* §-1923-25=100
102.9
102.6
103.5
100.6
99.1
100.8
97.9
97.5
102.4
101.3
109. 4
105.2
111.9
Chemicals and products—1923-25=100..
115. 5
107.0
108.9
110.5
113.2
100.1
101.9
102.1
99.7
99.9
103.0
104.9
120. 3
Chemicals... .
1923-25=100
100. 7
95.9
93.3
94.6
98.8
99.9
94.7
97.2
95.3
94.2
100.0
98.0
105. 7
Druggists' Preparations. 1923-25= 100.
100. 5
106.0
106.6
100.4
100.1
94.8
94.0
93.7
91.8
93.5
95.9
100.7
105.
2
Paints and varnishes
1923-25=100 .
109.3
103.4
105. 6
107. 8
105. 5
102.2
98.8
104.0
99.5
98.5
103.0
101.7
109. 4
Petroleum refining
1923-25= 100..
286.6
259.0
262.4
272.8
284.4
263.5
263.3
268.0
264.4
260.8
267.3
254.9
291.5
Ravon and products
1923-25=100..
112.8
92.7
95.8
103. 6
110.4
98 0
91.9
90.5
87.3
84.7
87.5
87.7
107.6
Foodand products...
1923-25=100..
108. 6
104.1
106.0
106. 9
107.1
100.8
99.7
99.4
99.0
99.8
100.9
100.4
109.6
Baking
\MZO- ^O — i uu. 179.
204.3
192.9
198.6
239.7
213.3
157.7
151.2
147.4
147.0
143.3
162.4
168.0
7
Beverages".--1923-25=100.
Slaughtering, meat packing
75.6
73.8
74.1
77.7
79.7
81.6
73.6
80.2
84.0
87.7
77.6
85.6
86.4
1923— 5=100.
"78.2
79.1
69.9
65.9
66.7
76.5
82.8
73.8
66.6
75.4
79.8
75.5
76.5
Leather and products
1923-25=100.
«71.2
72.7
62.4
56.8
58.2
70.8
65.9
56.1
66.7
74.5
69.7
68.0
77.
7
Boots and shoes
1923-25=100.
99.7
94.5
95.9
94.6
94.7
99.0 "100.6
99.4
101.4
103.7
96.6
93.8
104.2
Leather
1923-25 = 100.
"93.2
88.2
91.1
91.9
90.5
87.7
88.2
88.0
91.8
88.9
90.5
97.5
90.6
Paper and printing
1923-25=100.
"95.9
91.7
96.2
97.0
95.8
93.2
97.6
93.3
91.7
94.4
93.4
94.9
102. 6
Paper and pulp
1923 25=100"85.4
70.2
74.0
76.8
79 0
77.0
84.0
70.8
70.3
74.5
69.8
63.0
89.8
Rubber products!
1923-25=100..
"78.3
59.9
63.2
68.2
70.9
70.0
78.1
59.0
59.9
63.8
60.2
47.4
79.9
Rubber tires and tubes.. 1923-25= 100.
"82.4
79.1
80.0
77.0
75.7
76.2
86.0
84.5
79.7
81.9
81.1
84.3
87.0
Textiles and products
1923-25 = 100
"81.6
80.0
78.3
76.4
76.5
78.4
83.3
82.6
85.3
79.9
80.0
86.3
84.3
Fabrics
1923-25=100.
" 79. 3
72.6
78.7
73.8
69.6
67.4
84.2
81.8
69.2
70.5
78.6
87.6
83.2
Wearing apparel..1923-25 = 100.
51.4
41.7
42.6
46.8
48.3
49.2
51.5
50.5
48.9
49.6
43.4
44.9
68.8
Tobacco manufactures
1923-25 = 100.
Factory by cities:
80.4
80.3
80.9
79.3
80.0
78.1
85.4
91.3
92.9
96.9
92.7
100.5
85.3
Baltimore*
1929-31 = 100.
58.4
51.2
52.3
54.2
55.7
56.4
58.5
49.6
48.9
50.6
51.1
52.2
61.2
Chicago*
1925-27=100.
90.3
84.5
89.3
89.5
91.5
87.6
98.5
82.7
84.5
86.7
81.2
87.0
103.1
Milwaukee*
1925-27 = 100.
69.0
63.6
65.0
63.4
61.2
62.4
68.1
66.7
63.4
64.5
63.9
69.1
71.5
New York*
..1925-27 = 100.
"88.0
78.2
76.8
79.8
81.1
82.1
88.3
81.0
79.7
80.4
78.2
80.0
93.0
Philadelphia*!
1923-25 = 100.
98.3
71.4
88.7
90.3
94.4
93.3
96.6
76.2
74.5
74.5
73.9
75.5
104.7
Pittsburgh*!
1923-25 = 100.
Factory by States:
70.4
69.2
72.3
70.5
69.9
71.9
70.8
73.5
"90.5
76.9
79.4
87.3
"86.9
Delaware!.
66.9
56.9
56.5
58.4
57.4
58.3
60.8
61.3
62.8
64.4
63.8
66.4
70.4
IllinoisA
100.2
84.9
82.5
83.9
81.9
83.3
84.4
88.4
93.2
94.3
94.2
89.4
103.
3
Maryland*
1929-31-100..
70.3
65.9
62.4
66.8
64.8
65.9
65.3
66.0
65.4
64.0
66.6
70.1
71.4
Massachusetts*!
1925-27 = 100.
71.8
67.6
68.1
68.1
65.2
65.0
66.4
67.4
68.8
70.0
69.4
72.0
75.5
New Jersey!-.
1923-25=100.
72.3
66.3
64.3
65.9
64.4
64.5
67.2
66.4
66.6
66.3
67.5
71.0
75.
2
New York.
1925-27=100.
°82.4
70.3
68.5
68.3
66.0
67.2
69.0
72.8
74.4
76.2
76.7
"81.5
87.1
Pennsylvania!
1923-25=100.
82.7
77.1
75.8
77.3
75.2
74.0
79.2
79.0
80.4
81.8
79.7
82.6
91.7
Wisconsin
1925-27 = 100.
Nonmanufacturing (B. L. S.):
M
55.4
42.6
28.4
54.4
76.7
28.6
56.3
55.9
37.2
42.0
48.5
31.4
Ant n hracite .1929 = 100.
48.5
55 9
28.4
55.4
54.4
76.7
42.6
28.6
56.3
42.0
37.2
31.4
34.9
Bituminous coal
1929 = 100_
79.7
69 8
65.5
69.5
70.6
78.4
70.2
62.6
62.2
61.5
62.6
65.8
71.0
69.5
70.6
70.2
62.6
62.2
61.5
62.6
65.8
79.7
69.8
65.5
78.4
Metalliferous
..1929 = 100.
54.1
38.7
39.6
43.2
41.7
42.8
45.1
45.5
47.7
48.2
46.1
48.1
49.7
43.2
41.7
45.1
45.5
47.7
48.2
46.1
48.1
54.1
38.7
39.6
42.8
Petroleum, crude production
56.0
55.7
57.2
59.9
57.1
57
55.7
58.0
58.9
60.7
59.7
60.6
1929 = 100.
59 7
57 9
57.2
59.9
55.7
55.7
56.0
57.1
58.0
58.9
60.7
60 6
60.1
Quarrying and nonmetallic. 1929 = 100.
46.1
3fi. 5
32.1
29.7
25.5
23.9
30.9
36.1
42.1
44.0
43.9
46.2
44.6
32.1
29.7
25.5
30.9
36.1
42.1
44.0
43.9
46.2
46.1
36.
23.9
Public utilities:
Electric light and power and manu
86.0
86.2
84.4
85.9
84.8
R3.4
84.7
87.0
88.1
89.8
factured gas
.1929=100.
93.1
93.1
84.4
»3.4
86.0
84.8
84.7
85.9
86.2
87.0
88.1
89.8
89
90.6
89.99
Electric railroads
1929 = 100..
67.7
64.1
63.8
66.1
65.0
68.3
67.8
65.9
66.1
66.8
66.5
66.4
66.5
66.
1
65.0
67.8
65.9
66.1
66.8
66.5
66.4
67.7
64.1
63.8
68.3
Telephone and telegraph... 1929=100.
83.2
74.9
74.9
75.6
75.0
76.2
77.2
76.0
78.5
77.4
79.9
81.0
78.2
75.6
75.0
77.2
76.0
78.5
77.4
79.9
81.0
83.2
74.9
74.9
76.2
Trade
63.4
63.2
63.5
69.3
62.1
61.6
65.3
65.8
66.4
68.3
65.1
64.4
Retail!
1929 = 100.
68.3
63.2
63.4
69.3
62.1
61.6
63.5
65.3
65.8
66.4
65.1
64.4
66.6
Wholesale!
.1929=100.
71.6
66.8
66.9
68.6
66.6
66.6
69.0
67.9
68.2
68.4
69.0
69.6
70.6
66.9
68.6
66.6
69.0
67.9
68.2
68.4
69.0
69.6
71.6
66.8
66.6
Miscellaneous:
55.4
52.9
56.4
61.1
64.1
51.6
49.0
72.2
69.2
63.2
64.8
66.9
Dyeing and cleaning*!*
1929=100.
66.9
61.1
55.4
52.9
51.6
49.0
56.4
64.1
72.2
69.2
64.8
63.2
66.1
64.8
64.2
64.9
66.0
66.3
67.0
66.6
66.0
66.0
69.6
64.3
66.5
Hotels!
1929=100..
69.6
64.3
64.8
64.2
64.9
66.5
66.0
66.3
67.0
66.6
66.0
66.0
66.8
66.7
67.5
68.3
69.9
70.9
75.6
75.8
79.0
76.5
75.4
67.1
67.8
Laundries*!*
1929=100.
75.4
67.1
66.7
67.5
68.3
67.8
69.9
70.9
75.6
75.8
79.0
76.5
76.6
• 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. 29, 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. Data
on pay rolls for nondurable goods industries tor the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue.
! 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, revisions for period January 1933-May 1936 not shown in the August 1936 issue will appear in
the 1936 supplement; 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.
A Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue.
• The revised series on dyeing and cleaning and laundry payrolls shown in the August 1935 issue have been dropped by the Bureau of Labor Statistics and the publication of the original series resumed in the September 1935 issue.
5 Data have been revised for the period January 1933-September 1935 Revisions not shown in the November 1935 issue, appeared on p. 16 of the January 1936 issue.




31

SURVEY OF CURRENT BUSINESS

December 1936

193(5
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
Decem- January
Novemin the 1932 Annual Supplement to the Survey October October
ber
ber

1936

February

March

April

May

June

July

August September

EMPLOYMENT CONDITIONS AND WAGES—Continued
W A G E S - E A R N I N G S AND R A T E S
Factory weekly earnings (25 industries).*^
All wage earners
dollars..
Male 1
Skilled and semiskilled
..dollars..
Unskilled
._
dollars..
Female.
._
dollars..
All wage earners
1923=100..
Male:
Skilled and semiskilled
1923=100..
Unskilled
1923=100 .
Female
1923=100..
Factory, av. hourly earnings (25 industries) :*tcf
All wage earners
_
dollars..
Male:
Skilled and semiskilled
dollars..
Unskilled
dollars..
Female...
dollars..
Factory, weekly earnings, by States:
Delaware
1923-25= 100Illinois
1925-27=100..
Massachusetts*!
.1925-27 = 100..
New Jersey
..1923 25=100..
New York....
1925-27 = 100 .
Pennsylvania
1923-25=100 .
Wisconsin
1925-27 = 100...
Miscellaneous data:
Construction wage rates:*§
Common labor (E. N. /?.).dol. per hour..
Skilled labor (E. N. R.)..dol
per hour..
Farm wages, without board (quarterly)
dol. per month
Railways, wages (average)*.dol. per hour
Road-building wages, common labor:#
United States
dol per hour..
East North Central
dol per hour..
East South Central
—dol. per hour..
Middle Atlantic—
dol. per hour..
Mountain States
dol per hour..
New England
dol. per hour..
Pacific States..
dol. per hour..
South Atlantic
dol. per hour..
West North Central
dol. per hour.West South Central
dol. per hour..
Steel industry:
U. S. Steel Corporation®...dol. per hoi r—
Youngstown district—percent base scale.

25.50

23.13

23.32

23.38

23.40

23.14

23.67

24.33

24.41

24.45

24.23

24.66

1

28.53
20.71
16.06
95.8

25.83
19.33
15.59
86.9

26. 08
19.46
15.59
87.6

26. 32
19.40
15.72
87.9

26.40
19.01
15.12
87.9

26.05
18.68
15.38
87.0

26.43
19.14
15.24
89.0

27.18
19.60
15.15
91.4

27.32
19.67
14.98
91.7

27.31
19.74
15.00
91.9

26.88
19.56
15.14
91.1

27.48
20". 04
15.93
92.7

* 28.16
» 20. 25
15.87
94.4

92.6
93.0
93.2

83.8
86.8
90.4

84.6
87.3
90.4

85.4
87. 1
91.2

85.7
85. 3
87.7

84.6
83.8
89.2

85.8
85.9
88.4

88.2
88.0
87.9

88.7
88.3
86.9

88.6
88.6
87.0

87.2
87.8
87.8

89.2
89.9
92.4

91.4
90.9
92.1

25. 11

.619

.602

.605

.604

.608

.608

.611

.613

.616

.617

.617

.616

.619

.689
.498
.431

.665
.496
.435

.667
.501
.435

.667
.500
.433

. 673
.492
.431

.674
.489
.430

.676
.493
.429

.680
.496
.430

.684
.498
.432

.685
.496
.429

.684
.498
.428

.683
.495
.429

.687
.496
.430

86.9
87.2
88.8
101.9
88.9
97.5
94.0

80.1
80.9
86.1
94.2
85.2
87.1
84.8

82.5
80.0
81.8
94.4
83.7
86.0
84.5

85.1
82.2
87.4
96.2
86.4
86.3
87.9

84.4
81.7
87.1
95.4
85.7
85.0
86.2

83.4
81.9
87 4
95.4
85.6
85.9
83.4

83.1
84.2
87.2
97.1
87.0
87.7
8S.4

84.6
83.5
88.5
97.9
85.7
91.9
87.9

85.8
84.2
88.3
99.0
85.9
92.6
87.7

85.8
85.0
87.2
98.6
86.3
93.2
88.0

84.4
84.1
88.3
98. 5
87.2
91.5
83.2

°82. 3
84.4
89.6
99.5
89.0
95.0
89.4

"80.5
83.1
88.1
96.4
87.0
93.4
86.3

.583
1.18

.529
1.10

.528
1.10

.528
1.10

.547
1.12

.547
1.12

.547
1.13

.552
1.13

.558
1.14

.564
1.14

.554
1.15

.569
1.16

.569
1.16

.667

.682

28. 63
.686

.682

.695

30.87
.676

.670

.670

32 21
.663

. 664

. 665

32.84
.672

.42
.60
.33
.48
.55
.51
.53
.33
.50
.35

.42
.54
.30
.44
.57
.46
.58
.32
.47
.36

.42
.55
.30
.44
.57
.47
.59
.32
.48
.36

.41
.55
.30
.44
.56
.48
.60
.33
.48
.36

.40
.58
.30
.44
.55
.48
.60
.31
.48
.37

.38
.60
.30
.46
.54
.50
.57
.33
.49
.3G

.37
.62
.30
.48
.55
.50
.59
.32
.47
.36

.38
.57
.30
.46
.55
.52
.57
.33
.46
.37

.42
.56
.30
.45
.57
.48
.55
.34
.48
.36

.42
.54
.30
.46
.56
.47
.55
.33
.49
.36

.42
.56
.30
.46
.56
.50
.54
.33
.49
.36

.41
.54
.30
.47
.57
.49
.51
.32
.50
.34

.42
.58
.31
.47
.56
.48
.56
.32
.50
.34

.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

FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total..mills, of dol_.
Held by Federal Reserve banks: •
For own account
.mills, of dol..
For foreign correspondents
mills, of dol..
Held by group of accepting banks, total
mills, of dol
Own bills..
mills of dol
Purchased bills
mills, of dol.Held by others
mills of dol—
Com'l paper outstanding
mills, of dol..
Agricultural loans outstanding:
F a r m mortgages:
Federal land banks
mills, of d o l . .
Joint stock-land banksi
mills, of d o L .
Land-bank commissioner*.mills. of dol Federal intermediate credit bank loans to
and discounts for:A
Regional agricultural credit corp's and
production credit ass'ns._mills. of d o l . .
All other institutions
mills, of dol._
Other loans:
Agricultural marketing act revolving
fund loans to cooperatives!
mills, of dol._
Banks for cooperatives, lncl. Central
Bank*..
_
mills, of d o l . .
Emergency crop loans*
mills, of dol._
Prod. cred. ass'ns*
mills, of dol._
Regional ag. credit corp.*..mills, of dol—

330

363

387

397

384

377

359

344

331

316

316

308

315

296
150
147
34
199

339
178
161
24
180

358
182
175
29
178

368
183
185
29
172

353
181
172
31
178

340
172
168
37
176

321
150
171
38
180

310
143
167
34
174

297
155
142
34
184

276
129
147
40
169

278
131
147
37
188

279
140
139
29
205

276
139
137
39
197

2,068
139
835

2, 059
184
777

2,066
180
786

2,072
176
795

2,066
170
803

2,059
166
811

2,060
162
818

2,062
158
823

2,063
154
827

2,064
151
827

2,065
147
829

2,067
145
832

2,068
142
834

136
42

101
53

100
50

105
49

105
48

111
49

123
50

133
52

140
53

144
53

146
53

144
53

139
48

51

46

45

44

44

44

44

44

42

45

44

44

49

71
107
111
29

48
114
93
52

51
109
92
46

50
107
94
43

47
105
96
41

43
104
103
41

41
104
116
40

40
112
128
39

40
114
135
38

40
114
139
36

43
112
141
35

44
111
136
33

56
110
122
31

° Revised.
fRevised 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 1932-34, p. 20, September 1935. Certain classes of loans included in the figures shown through May 1934 have been reclassified and removed from the agricultural category.
§ Construction wage rates as of November 1, 1936—common labor, $0,583; skilled labor, $1.18.
#Beginning with March 1932 data are based on Federal-aid and State projects; before that time the data are based on Federal-aid projects
tJoint-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 Januarv
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 period July 1933-April 1934. Additional series were also included in this issue for banks for cooperatives
including central bank and production credit associations for the period October 1923-April 1934, and emergency crop loans and regional agricultural credit corporation" for
April 1933-April 1934. Data for emergency crop loans for fiscal years from June 1922-June 1931 and monthly periods January 1932-March 1933 and regional credit corporations for October 1932-March 1933 will be shown in a subsequent issue. Data on railway wages for period July 1921-August 1936 were shown on p. 20 of the November 1936
ABreak-down offiguresshown in issues up to November 1934
c? Data revised for the period 1924 to date. For revisions see pp. 17, 18, and 19 of the October 1936 issue.
8) Basic rate for common labor.

• The Federal Reserve banks have held no acceptances since April 1935.



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

1936

December 1936

1935

1936

DecemOctober October |! Noveraber
ber

January

February

March

April

May

{September

June

July

37, 505
18, 623
18, 882

34,816
16,199
18,617

FINANCE—Continued
BANKING—Continued
31, 572
37,496 34, 783
Bank debits, total
mills, of doL. 37, 313 32, 577 32,227 36,360 35, 424
33, 225
15, 733
15, 542
17, 684
17,925
15,806
19,629
17, 286
16, 227
New York City
mills, of dol_. 17,171
15,766
17,867
17,497
Outside New York City
mills, of dol— 20,142 16, 844 16, 685 18, 676 17,499
16,998
Brokers' loans:
Reported by N . Y. Stock Exchange
1,064
924
975
792
846
938
997
925
970
mills ofdoL.
1.84
1.67
1.93
2.23
1.88
2.00
1.84
1.94
1.81
Ratio to market value..—
.percent.
By reporting member banks:
To brokers and dealers in N. Y. *
933
1,032
779
850
990
980
893
1,154
mills of dol..
To brokers and dealers outside N Y.*
220
209
152
220
173
183
171
171
238
mills, of doL
Federal Reserve banks:
11,094
10,416
11,127
11,184
11,026
10, 780
11,088
11,266
Assets, total.._
.mills, of doL. 12,057
Reserve bank credit outstanding
2,476
2,482 i 2,473
2,475
2,482
2,486
2,479
2,480
2,474
mills of dol
o
5
5
5
Bills bought
mills, of dol__
c
c
c
5
3
0
0
0
7
8
6
9
Bills discounted
mills, of dol.
5
5
6
6
5
2,430
2,430
2,430
2, 430
2,431
2,430
2,430
2,430
2,430
United States securities..mills, of dol..
8,914
8,027
8,021
7,566
7,835
7,285
8,006
8,049
8,132
Reserves, total
mills, of dol..
8,662
7,680
7,685
7,717
7,347
7,668
7,053
7,571
Gold reserves§
...mills, of dol..
7,837
11,127
11.094
11,088
12, 057
10,416
11, 026
11,184
10, 780
11, 266
Liabilities, total
mills of doL
6,497
6,535
6,524
7,035
6,617
6,166
6,386
5,999
6,574
Deposits, total
mills, of dol..
5,087
5,784
5,860
6,753
5,648
5,835
5,587
5,486
5,719
Member bank reserves
mills, of doL.
2, 305
2,986
2,844
2,664
3,084
2,175
2,970
3,100
2,866
Excess reserves (est.)*... mills, of dol.
3,764
3,732
3,633
4,116
3,532
3,709
3,762
3,647
3,795
Notes in circulation
...mills, of dol..
78.2
78.1
78.1
78.3
76.4
77.1
77.6
79.9
78.4
Reserve ratio
percent..
Federal Reserve reporting member banks:1
Deposits:
13, 578
14, 258
14,090
14,017
14, 580
Demand, adjusted^
mills, of dol.. 15, 340 13, 598 14,018 13,887
4,909
5,047
4,872
4,911
4,900
5,065
4,888
4,899
5,035
Time
mills, of dol..
13, 452
13,047
13,229
12,646
12,996
12,480
13,522
Investments
mills of dol.. 13, 796 12,476
U. 8. Gov., total direct obligations*
8,802
8,643
8,301
8,468
8,655
8,690
9,274
8,177
8,909
mills, of doL
U. 8. Qov. guaranteed issues*
1,265
1,281
1,126
1,172
1,133
1,137
1,201
1,257
1,305
mills, of dol_3,321
3,369
3,169
3,156
3,042
3,052
3,265
3,166
3,308
Other securities*
mills, of dol_.
8,392
7,999
7,959
8,721
7,902
8,152
8,249
8,343
8,626
Loans, total
.rrills. of dol.
Acceptances and commercial paper*
352
346
349
329
353
362
313
315
mills, of doL.
1,144
1,140
1,142
1,146
1,146
1,136
1,141
1,143
1,147
On real estate*
mills, of doL.
65
66
88
53
81
150
76
To banks
mills, of dol.67
92
3,108
3,274
3,313
3,304
3,006
3,117
3,486
3,128
3,179
On securities
mills, of dol._
3,495
3,340
3,401
3,401
3,281
3,485
3,586
3,304
3,265
Other loans*
mills, of dol_.
Interest rates:
H
Acceptances, bankers' prime.
percent..
"Mo
H
H
H
H
H
H
Bank rates to customers:*
2.54
2.72
2.77
2.61
2.64
2.51
2.46
In New York City
percent..
2.56
2.61
In eight other northern and eastern
3.47
3.62
3.75
3.63
3.67
3.45
3.50
cities..
—percent..
3.63
3.60
In twenty-seven southern and western
4.40
4.55
4.51
4.55
4.47
4.43
4
22
cities
percent4.51
4.44
.29
.93
LOO
.75
.75
.75
.75
Call loans, renewal
percent—
.75
.75
3/
3/
A
Com'l paper, prime (4-6 mos.)...percent..
M
A
7*
74
%
1.50
1.50
Discount rate, N. Y. F. R. Bank..percent..
1.50
1.50
1.50
1.50
1.50
1.50
4.00
4.00
4.00
4.00
4.00
4.00
Federal Land bank loans*
percent—
4.00
4.00
4.00
2.00
2.00
2.00
2.00
2.00
2.00
Intermediate credit bank loans...percent..
2.00
2.00
2.00
1
Time loans, 90 days
percent..
1
1
1
1
Vi
1-1H
H
1
8 avings deposits:
New York State Savings banks
5,204
5,175
5,161
5,154
5,177
5,177
5,165
5,187
mills, of dol..
5,210
U. 8. Postal Savings:
Bal. to credit of depositors.thous. of dol — 1,255,174 1,196,427 1,198,966 1,201,304 1,207,971 1,213,765 1,215,811 1,215,173 1,214,095
Bal. on deposit in banks—thous. of dol— 144.970 305, 778 293,598 286,588 243, 702 224, 497 220, 578 216,124 211,251

31, 469
14, 363
17,106

a
a

33, 242
15, 656
17, 586

989

967

1.94

1.79

973
253
11, 574

11, 629

2,473

2,462

3
4

3
4

2,430
8,385
8,119
11, 574
6,585
5,633
2,717
4,034
79.0

2,430
8, 503
8,210
11, 629
6,758
6,005
3,029
3,978
79.2

14,679
5,011
14,159

14,850
5,015
14,084

14,867
5,032
13,809

15,116
5,063
13,929

9,510

9,456

9,263

9,336

1,289
3,360
8,460

1, 272
3,356
8,294

1,236
3,310
8,454

1,256
3,337
8,753

315

319

1,145

1,144

318
1,145
65
3,177
3,749

311
1,139
112
3,242
3,949

974
1.79

972
1.76

907

958

972

220

205 I

222

62

58

3,319
3,619

3,173
3,600

11,621 j 11,862
2,470 i

Si
2,430 I
8,579
8,312 I
11,621
6,800
6,410
1,950
4,018
79.3

H

2,473
3
9
2,430
8,659
8,397
11,862
6,844
6,357
1,840
4,049
79.5

3

/l6

2.44

2.44

3.51

3.61

3.47

3.45

4.39
1.00
3/
A
1.50
4.00
2.00

4.35
1.00
%
1.50
4.00
2.00

4.25
1.00

4.29
1.00

m
5,210

m
5,197

2.40

u

U

1.50
4.00
2.00

1.50
4.00
2.00
Ui

5,197

5, 223

1,231,646 "1,244,398 '1,249,374 1,250,720
203,010 -171, 559 '165, 732 147, 788

FAILURES (?
Commercial failures:
Grand total
.numberCommercial service, total
number..
Construction, total
number..
Manufacturing, total
number..
Chemicals and drugs
.number..
Foods
number.
Forest products
number.
Fuels
number..
Iron and steel...
number..
Leather and leather products- number..
Machinery
number..
Paper, printing, and publishing

611
35
34
105
6
23
9
2
3
3
4

1,056

58
74
210
6
57
16
6
13
10
12

898
47
58
169
8
38
12
1
9
10
11

910
53
54
180
10
35
11
7
8
7
8

1,077
59
51
174
10
40
18

41
36
137
3
34
13
3
6
4
12

946
47
51
158
2
50
11
3
5
4

830
38
32
161
5
37
12
4
7
9
2

832
35
46
146
5
33
11
2
9
7
6

773
43
36
143
11
35
11
3
5
8
7

639
34
42
131
4
37
6
6
6
8
5

655
37
36
104
6
30
6
1
6
2

586
39
43
107
2
33
14
1
8
3
6

number..
10
12
13
13
14
17
17
13
7
10
•New series. For earlier data on the following subjects, refer to the Indicated pages of the monthly issues. New series on "Brokers' Loans" for the period January
1929-December 1935 are shown on p. 19 of the March 1936 issue. For new series on bank rates to customers see p. 19 of the March 1936 issue. For new series on interest
rates of Federal land banks see p. 20 of the April 1935 issue. Data on excess reserves for the period Sept. 1, 1931-April 1936 are shown on p. 20 of the July 1936 issue. See
footnote below on break-down of investments and total loans. Monthly data previous to October 1934 not available. 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 Oct. 1, 1935.
§Figures 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.
UData 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 on p. 32 of the December, 1935 issue will appear in a subsequent issue.
c? Classifications have been changed and revised data prepared beginning with January 1934. These data are shown on p. 20 of the May 1936 issue*.




33

SURVEY OF CURRENT BUSINESS

December 1930

1935
Monthly statistics through December 1931, 1936
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

1936
February

March

April

May

June

July

August September

FINANCE—Continued
FAILURES*—Continued
Commercial failures—Continued.
Grand total—Continued.
Manufacturing, total—Continued.
Stone, clay, and glass products
number..
Textiles
_
number..
Transportation equipment..number..
Miscellaneous
number..
Wholesale trade, total
number..
Retail trade, total
.
....number..
Liabilities:
Grand total
thous. of dol_.
Commercial service,totaLthous. of dol..
Construction, total
thous. of dol..
Manufacturing, total
thous. of dol..
Chemicals and drugs.-thous. of dol..
Foods
thous. of dol..
For&st products.
thous. of dol..
Fuels
thous. of dol-.
Iron and steel.
thous. of dol-.
Leather and leather products
thous. of dol..
Machinery
thous. of dol..
Paper, printing, and publishing
thous. of dol..
Stone, clay, and glass products
thous. of dol..
Textiles
thous. of doL.
Transportation equipment
thous. of dolMiscellaneous.
thous. of dol.
Retail trade, total.
thous. of dol.
Wholesale trade, total.._thous. of dol.

5
39
4
25
89
704

4
48
2
18
93
506

1
26
8
21
72
533

2
27
1
20
72
479

6
22
2
22
67
365

16, 271
650
4,484
4,371
21
707
248
21
90

14,157
567
1,570
4,959
108
762
169
122
154

15,375
494
4,816
2,709
90
389
264
94
124

9,177
638
1,050
2,541
95
509
394
78
162

9,904
1,314
1,873
2,347
51
329
62

,8271
502
1,498
1,852
225
340
209
35
112

9,819
557
1,148
3,212
148
487
377
45
190

51

140
93

108
128

128
129

33
205

208
403

1,020

374

244
228
147

112

176

258

625

4
406

7
356

94
373

12
253

110
848
5,581
1,480

517
211
5,933
1,423

313
3,535
1,413

83
316
3,197
1,173

101
151
3,255
1,164

27
216
3,391
1,511

17
4
14
5
382

6
18
81
633

39
3
23
65
559

8, 268
501
573
3,469
423
1,391
378
43
89

17,185
1,187
2,792
4,984
122
1,038
1,026
77
210

14,384
731
2,948
3,954
442
967
195
4
52

15, 686
2,969
1,971
4,358
196
645
905
831
198

95

14,089
404
1,819
3,360
12
1,164
340
99
227

33
65

175
168

143
404

71
128

403
61

49
125

405

466

129

186

102

246

265
1,779

146
568
47
407
5,503
1,263

47 ;
1 |
28
75
548

18,104
1,867
2,435
5,834
184
1, 588
925

2
21
98
544

218
322

103
211

1,171

63
715

109
763

94
234
2,888
835

68
195
5,904
2,318

353
487
5,371
1,380

10
316
4,777
1.611

72
360
6,245
1,723

4
828
12
254
6,651
1,855

18, 804
4,431
817
3, 614

18,922
4,408
809
3,600

19,008
4,377
804
3,572

19,139
4,349
796
3,553

19, 233
4,313
786
3,527

19, 354
4,279
773
3,506

19, 435
4,256
765
3,491

19, 539
4,234
759
3,475

19,640
4,220
752
3,468

19,775
4,198
746
3,452

19, 875
4,188
739
3,449

19,997
4,172
733
3,439

3,495
1,978
2,631

8,893
3,549
2,026
2,618
700

9,110
3,781
1,996
2,592
740

9,191
3,869
1,980
2,600
742

9,211
3,886
1,969
2,598
758

9,412
4,018
2,022
2,608
764

9,508
4,076
2,043
2,629
760

9,639
4,170
2,049
2,651
770

9,794
4,293
2,060
2,657
786

9,908
4,352
2,105
2,635
816

10, 015
4,419
2,130
2,643
823

4,437
2,183
2,647
831

2,741

2,731

2,720

2,713

2,705

2,699

2,690

2,676

2,667

2,661

1,096
1,113
47
30
821
868
229
216
739,807 749,374
37, 214 59,130
244,356 230,465
458, 237 459,779

1,080
37
805
238
767,978
42,095
233,333
492,550

1,045
55
767
224
749, 491
79, 323
220, 672

1,003
29
771
202
668, 638
39,540
221, 692
407,406

952
30
725
198
630,831
35,601
208,001
387, 229

235,996
26,182
9,054
58, 685
142, 075

225,486
25, 555
10,109
52,490
137, 332

452
175
56
57
164

426
168
49
56
153

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 dol.
Railroad
mills, of dol.
OtherA
mills, of dol.
Policy loans and premium notes
mills, of dol.
Insurance written:t
Policies and certificates
...thousands.
Group
thousands.
Industrial
thousands.
Ordinary.
thousands.
Value, total.__
thous. of dol.
Group
thous. of dol.
Industrial
thous. of dol.
Ordinary...
thous. of dol.

2,761

2,749

1,067
35
809
223
715, 261
40,507
232,465
442, 289

1,228
26
934
267
724,413
31,338
233,988
459,087

1,046
25
775
246
696,074
36,981
207, 408
451,685

1,033
65
692
276
782,250
74,606
187,874
519,770

1,149
095
32
24
30
890
769
703
227
202
215
678,006 661,473 772,355
40,981 30, 498 56,213
193, 344 212,055 246,010
443,681 418,920 470,132

Premium collections t
Annuities
Group
Industrial
Ordinary

239, 313
27,101
9,046
54, 734
148, 432

244, 678 249, 538
31,023 33,194
8,546
8,515
49, 790 54,002
155,319 153, 827

348,175
64, 250
10, 682
94, 212
179,031

283. 709 250,063 259,941 248,049 250,655 251,841 255,954
25, 558 30, 781 30, 487 30,380 27, 571 32, 673
51,896
9,700 10,047
9,790
9,451
10, 679
9,365
10, 836
53,805 56,245 58, 223 47, 959 55,009 58,926 51, 522
155,
644 161,712
158,809
158,
924
155,
901
161,147
167,172

thous. of dol.
thous. of dol.
thous. of dol.
thous. of dol.
thous. of dol.

(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total
mills, of dol..
Eastern district
mills, of dol.. i
Far Western district
mills, of dol
Southern district
mills, of dol..
Western district...
.mills, of dol.
Lapse rates..
1925-26=100..

1
20
2
10
69
328

491
201
52
62
176

502
215
51
60
176

495
208
51
60
176

576
233
64
69
210
118

479
203
49
54
173

460
198
47
52
163

525
222
56
62
185

506
210
56
62
178

504
211
54
60
179

533
224
58
62
189

449,

496

513
208
57
63
185

MONETARY STATISTICS
Foreign exchange rates :#
.334
.331
.335
.336
.335
.327
.333
.330
.331
Argentina*.
dol. per paper peso..
.327
.328
.331
.329
.169
.170
.169
.169
.169
.168
.170
.169
.169
Belgium
_
dol. per belga..
.168
.169
.169
.169
.086
.085
.085
.086
.085
.087
.084
.086
Brazil...
dol. per milreis...
.084
.084
.084
.084
.997
.998
1.000
1.000
.999
1.000
1.001
.995
Canada
dol. per Canadian dol..
.986
.989
.999
.990
.051
.051
.052
.052
.051
.052
.051
.051
.051
Chilei
dol. per peso..
.051
.051
.051
.051
5.02
4.97
5.03
5.04
5.02
4.90
4.97
5.00
4.94
England
_
dol. per £ . .
4.91
4.92
4.96
4.93
.066
.066
.066
.065
.066
.047
.066
.067
.066
France
dol. per franc.
.066
.066
.066
.066
.403
.404
.402
.401
.403
.402
.403
.407
.402
Germany
dol. per reichsmark..
.402
.402
.404
.402
.379
.375
.379
.380
.379
.370
.375
.377
.373
India
.
dol. per rupee..
.370
.371
.375
.372
.080
.079
.079
.079
.079
.055
.079
.084
.079
Italy
dol. per lira..
.081
.081
.083
.081
.289
.294
.294
.294
.293
.286
.291
.291
.289
Japan
.
dol. per yen..
.287
.287
.290
.287
.684
.677
.679
.667
.681
.536
.676
.687
.679
Netherlands
dol. per florin..
.677
.678
.682
.678
.137
.136
.137
.137
.136
.137 .
.138
.137
Spain
dol. per peseta..,
.137
.136
.137
.137
.256
.259
.260
.259
.256
.259 |
.258
.255
Sweden
dol. per krona..j
.253
.254
.256
.254
.253
.800
.797
.797
.798
.797
.797
Uruguay
dol. per peso.J
.802
.802
.799 I .803
.802
.799
t See footnote on p. 32 marked " J \ "
t Revised series. Insurance written and premium collections revised for period 1913-1936, see pp. 17, 18, and 19 of the November 1936 issue. Admitted assets revised
for period 1923-36. See p. 18 of this issue.
1 The nominal official gold value of the Chilean peso was changed from 3 pence gold to US pence gold as of Jan. 2,1935.
# Par values of foreign currencies as given on pp. 86 and 87 of the 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
Quotations are partly or wholly nominal for the following countries: Argentina, Brazil, Chile, and Uruguay, since April 1933; Italy for the period Nov. 23, 1935, to Apr. 1,
1936; Spain, July 31 to Sept. 21,1936—no quotations available since Sept 22,1936- Belgium, France, Germany, India, Italy, Japan, Netherlands, and Sweden during September 1936.
• 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.
AThe 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
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

SURVEY OF CURRENT BUSINESS
1935
DecemNovem-1
October October
ber
her

December 1936
1936

1936

Januarv

February

March

April j May

June

July

September

FINANCE—Continued
MONETARY STATISTICS—Continued
Gold and money:
Gold:
10, 202
10, 324
10,172
Monetary stocks, U. S._...mills, of doL. 10,983
10, 072
10,158
10,163
10,514
9,545
9,777
10, 629
10, 674
10, 7(U
Movement, foreign:
-155
- 3 , 246 - 2 4 , 781
- 9 , 506
Net release from earrnark.thous. of dol_. -11,253 -1,864
1, 250 -1,745
573
2, 293 -11 945 - 2 8 , b05
2,315
51
5
23, 637
242
170
338
Exports
thous. of doL.
76
77
117
32
695
42
28,106 169,957 277, 851
7, 795
7,002
45, 981
Imports
thous. of dol— 18, 929 314,424 210, 810 190,180
16, 074
67 524 171.860
Net gold imports, including gold re27,900 166, 706 252, 993
6,449
43, 898 -26,141
leased from earmarkA*thous. of dol.. 207,559 313,484 211, 141 191,260
55 547 143,019
17,672
Production, Rand
fine
ounces.
931,724 909, 550 906, 496 924,081 894, 624 933,776 912, 639 938, 050 944, 165 967, 993 904 517 967, 328
Receipts at mint, domestic-fine ounces.- 273,318 191,898 149, 144 193,107 120,732 125, 529 156, 435 163,674 181,140 157, 081 264, 140 22s* 557 237, 630
5,892
5,857
5,918
5,897
6,321
5, 757
Money in circulation, total-.mills. of dol—
5, 779
5,704
6,062
6,203
5,770
6 191
6,258
Silver:
237
535
141
769
203
512
197
268
260
Exports
-thous. of dol..
138
204
143
8,115
4,490
58, 483
4,989
17, 536
Imports
-thous. of dol._ 26, 93 L 48, 898 60, 065 47,603
23, 981
6, 574
16 637
8,363
.448
. 449
.473
.449
.584
.448
.654
654
Price at New York
dol. perfineoz._
.448
.448
448
. 448
21, 259
19, 497
22, 781
19, 501
19, 722
20, 652
17,121
15, 854
Production, world •
thous. offineoz_.
21, 354 '19,988
21,455 I
1,845
1, 499
1,244
1 300
1,941
1,414
1, 276
1,031
Canada
thous. offineoz_.
1, 450
1.543 I
6,840
5,783
6,
862
9,
600
7,159
6,710
5, 237
3 844
Mexico
thous. offineoz_.
7, 157
6, 457
j
5, 329
4,374
5,046
5,056
4, 754
4, 008
3,688
3 814
United States
..thous. offineoz_.
5, 293
4, 616
733
Stocks, refinery, end of month:
1,757
1,834
1,316
1,873
1, 058
1,076
538
1,109
United States
thous. of fineoz..
1,151
1, 101
1,535 I
755
638
691
658
730
Canada
. _ .thous. offineoz_
409
1 605
317 I
1,418
570
345
NET CORPORATION PROFITS
(Quarterly) t
170. 9
199.8
Industrial corporations, total. .mills, of dol.
269. 2
73.0
75. 1
Autos, parts and accessories—mills, of dol_.
123. 7
32.0
41.6
Chemicals.
mills, of dol..
41.4
19.6
16.1
Food products and beverages.mills of dol__ I
201
Machinery and machine manufactures
8.2
7.4
mills, of dol—
10.9
3.7
4.0
Metals and mining
mills, of dol._ .
3.0
9.1
10. 1
Oil
mills, of dol.. _
15.6
7.3
14.6
25.3
Steel
mills, of dol__ .
21. 5
27.4
29.2
Miscellaneous
mills, of dol.. _
Railways, class I (net operating income)
104.6
175. 7
133.7
mills, of dol—
54.2
53.3
Telephones (net op. income)...mills, of dol— .
57.3
Other public utilities (net income)
50.5
49 7
mills, of dol—
*>47. 6
PUBLIC FINANCE (FEDERAL)
31, 425
31,636
31, 459
30, 557
30, 520
30,516
33,
Debt, gross, end of month
mills, of dol.. 33,833 29,462
29, 634
33,779
33, 380
33,444
Expenditures, total (incl. emergency) tf
thous. of dol— 739,979 870, 626 573, 013 694.383 487, 274 517,044 643, 098 681,507 590,006 2,406,077 157, 656 657, 703
Receipts, totali
.thous. of dol.. 301. 968 288,867 284,636 479.722 279, 556 250, 705 779, 521 258,759 274,415 564,167 322, 726 366, 426 528! 129
35, 342
32, 226
30,268
29, 123
35 554
33.087
33, 599
32, 122
Customs
thous. of dol.. 41, 342 33,276
31,226
31 580 34, 763
026 467, 642
Internal revenue, total
thous. of dol.. 199,248 192, 218 184,096 275, 487 183, 765 185,001 691, 051 202, 780 182,110 478, 229 288, 327
35, 1.27
34,517 303, 087
43. 610 404, 209
Income tax
.-thous. of dol.. 31, 634 28,213
21, 753 228,999
36, 061
40, 118 ~29| 656 284, 421
Taxes from:*
Admissions to theaters, etc.
1, 266
1, 255
1,319
1,070
1,755
1,405
1,489
1,867
1. 460
1, 797
1,384
1,532
thous. of dol..
1,568
Capital stock transfers, etc.
2 346
2,992
3,911
2, 357
2,871
2,894
3,818
4,033
2,132
2, 182
thous. of dol..
1,654
1, 565
1,932
Sales of produce (future delivery)
165
174
263
230
202
238
367
275
309
511
thous. of dol..
457
185
283
336
321
221
424
601
730
571
643
Sales of radio sets. etc..-thous. of dol—
423
596
809
496
680
Reconstruction Finance Corporation loans
outstanding, end of month:f§
Grand total
thous. of dol. 2,201,209 2,807,892 2,791,734 2,728,682 2,741,437 !,705,734 2,649,851 2,632,263 2,507,293
,22b,026 2,21f ,165 2,205 504
Total section 5 as amended
thous. of dol.. 739, 643 1,029,430 1,000,703 965, 523 928, 583 905, 253 852,120 846, 269 836, 510 818, 426 769, 261 763, 294 748. 411
Bank and trust companies, including
receivers
thous. of dol— 218,889 409, 377 384, 346 377, 551 354,801 335, 672 285, 504 276, 109 267, 001 258, 287 246, 523 236, 8GC 220. 451
Building and loan associations
5, 194
5, 557
6, 699
4,919
7,274
7,808
6,028
8, 308
2, 902
3 653
4, 026
thous. of dol..
3, 814
5,747
5. 207
5,180
6, 185
9. 344
6,060
5, 852
4 890
4, 284
9,967
4. 429
5,115
Insurance companies-.thous. of dol—
4, 972
Mortgage loan companies
thous. of dol— 128,368 131,478 130,999 127, 874 126, 652 125, 346 124, 543 125, 124 126, 534 123,175 124 864 129 632 129 10S
Railroads, incl. receivers
thous. of dol— 353,810 412.805 412, 765 396, 250 393,712 390,199 389,239 394,168 393, 027 388,432 350 841 350, 948 349. 261
All other under section 5
40, 572
41, 643
35 784
39,974
37 311
42,156
39, 391
38, 247
thous. of dol.. 31, 390 57, 496 55, 442 50, 389 40,660
Total Emergency Relief and Construction Act as amended.thous. of dol_. 584, 069 751, 448 758, 389 732, 718 769,321 771,248 775. 237 760, 567 688,518 628, 682 561 487 570 670 .-,77 607
Self-liquidating projects
thous. of dol__ 139, 068 168, 265 173,138 146,304 153,667 155,321 i 159,670 163,597 172, 538 168, 489 174 249 180 045 184 41b
Financing of exports of agricultural
47
13,584
4r
47
47
14, 027
14, 300
14, 300
14, 027
47
47
14, 027
47
surpluses
thous. of dol_.
Financing of agricultural commodi305,
546
300,
487
94
355
97
147
305,001
179,
517
274,
250
305,276
99,195
272,115
275,
760
163,
732
93
777
ties and livestock
thous. of dql._
Amounts made available for relief
and work relief
thous of dol.. 295, 759 296, 768 296, 701 296, 727 296,626 296, 625 296, 436 296, 436 296, 416 296, 414 296 414 296, 223 295 99"
Total Bank Conservation Act as
70 9 ],'!
amended
thous. of dol.. 695, 987 906, 561 907, 049 897,016 904, 685 887,636 | 877,327 877, 035 872,194 821,704 722 910 706 395
Other loans and authorizations
138,848 141, £ i «145,167 « 148, 392 '150,071 I 152,792 169 368 174 KOG 1 177
120,
451
125,
592
133,
425
181,
510
thous. of dol..
0
Revised.
v Preliminary.
A-Or exports (—).
•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.
J1 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 issues
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, $157,326 for March, $89,144
for April, $96,103 for May, $105,773 for June, $65,219 for July, $62,055 for August, $62,936 for September, $56,256 for October, $65,780 for November, and $70,889 for December.
For 1936 include $60,222 for January, $43,460 for February, $58,427 for March, $155,254 for April, $42,102 for May. $41,856 for June, $201,071 for Julv, $37,993 for August,
* " ' ' " "for September,
" ' '
— . - -for
. October,
- . .
, o]d d o ] l a r
$34,434
and, $899,416
representing the increment resulting from reduction in weight of •the gok
:
*For earlier data on net gold imports see p. 20 of the December 1932 issue. For new sprip* for imprmi rpvpnnp i'ix mo
from
1 to theaters, capital stock
transfers, and sales of radios, see p. 20 of the Feb. 1936 issue. For new series on sales of produce (future delivery), see p. 19 of the April 1936 issue.
§These figures exclude the following amounts, $499,650,000 reliel grants to State- <iuaei i.ie cnur^m:* »teuei voi o. 1./3S. *.,U-y)JU.o>)U under tue provisions of the Emergency Appropriation Act of 1935 approved June 19, 1934, $500,000,000 under the provisions of the Emergency Relief Act of 1935 approved Apr. 8, 1935 and other allocations
to Federal agencies.
f Revised series. All series of corporation profits revised for period 1928-35. For revised data see p. 15 of the August 1936 issue. 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-March 1936, inclusive, are shown on p. 20 of the September 1936 issue.




35

SURVEY OF CURRENT BUSINESS

December 1936

1936
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
Decem- January
in the 1932 Annual Supplement to the Survey October October November
ber

1936
February

March

April

May

June

July

August Septem
ber

FINANCE—Continued
CAPITAL FLOTATIONS
New Security Registrations Fully
Effective*
(Securities and Exchange Commission)
Estimated gross proceeds:
Total
thous. of dol_.
Common stock
thous. of dol
Preferred stock
thous. of dol..
Certificates of participation, etc.
thous. of doL.
Debentures and short term notes
thous. of doL.
Secured bonds
thous. of dol

526, 330
112, 777
55,643

406,087
25. 425
31,047

289,772
55, 309
7,080

212,085
41, 286
20,873

275, 696
27 278
3^125

212,089
27,113
31,464

583, 391
81, 519
28, 793

751, 013
168, 638
53, 973

319, 319
88,913
31, 506

523, 439
120, 487
77, 317

362, 925
84, 056
15,131

286, 022
92, 750
35, 728

260,080
76,140
29, 271

29, 245

83, 700

1,505

4,777

11,027

13,708

7,442

35, 373

13, 713

1,300

32, 898

4,660

17,212

226, 91o
104, 752

83, 558
182, 357

31, 786
194, 093

55, 219
89,930

19, 350
214, 916

41,125
98, 679

130, 921
334, 716

113,593
379,436

106,069
79,118

165, 636
159,700

59, 843
170,987

107, 250
45,634

464,765
449, 765
15, 000
381, 402
64,462
0
6, 320
0

368,121
368,121
0
252, 395
65,499
4,000
482
482

382, 221
382, 221
0
250, 503
32, 750
0
600
600

462, 422
422,422
40, 000
167,355
64, 504
2,000
250
250

410,824
354, 824
56,000
273,907
150, 589
0
250
0

301,978
301,978
0
194,613
37, 501
0
5, 250
0

767, 351 1,020,032
743, 851 988, 532
23, 500
31,500
594,853 687, 751
101, 833 236,693
0
0
0
0
0
0

413,359
413, 359
0
304,993
133, 822
4,800
148
0

731,166
731,166
0
527, 630
199, 653
0
1,903
0

338, 383
338, 383
0
294,393
49, 050
7, J25
1,000
0

295,555
295, 555
0
232, 438
16, 001
0
973
0

408,959
408,9oy
0
250, 050
88,142
4, 500
0
0

0
0
264,288
9,150
37,182

0
0
180, 644
0
1,770

0
0
217,153
0
0

0
0
83, 343
21,090
e, 168

0
0
28, 550
94, 519
0

0
0
135,450
0
16,413

0
0
260,779
223,391
8,850

0
0
315,587
122,197
13, 273

0
0
116,096
48, 727
1,400

0
0
185, 336
106, 797
33, 943

0
0
149, 804
49, 690
37, 724

0
0
43,473
51, 500
120, 492

0
0
121, 050
24, 475
11,983

1, 000
82, 363

38, 962
76,764

17, 254
114,464

121,500
133, 567

200
88, 717

10, 200
97,165

20, 000
128, 999

198,718
102,063

9, 671
98, 694

94, 429
109,107

2. 080
41,910

7,800
55, 317

0
158,909

188,694
173, 694
109, 885

148,462
148, 462
73,003

119, 794
119,794
33, 289

221,207
221,207
66, 738

123,253
115,253
72, 935

106,739
106, 739
13,473

129, 527
129,527
58,816

176, 672
176, 672
127,879

111,571
111,571
37, 60S

217, 270
217, 270
151, 874

102, 769
102. 769
69, 809

216,510
216, 510
170, 799

178, 989
178, 989
74, 590

9,539
127,918

Securities Issued
(Commercial and Financial Chronicle)^
Total, all issues..
thous. of dol..
Domestic, total
thous. of dol
Foreign, total..
__thous. of dol._
Corporate, total
thous. of doLIndustrial
__thous. of dol._
Investment trusts
__.thous. of doL.
Land, buildings, etc
thous. of doL.
Long-term issues
thous. of dol..
Apartments and hotels
thous. of doL.
Officeand 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 doL.
Municipal, States, U. S. possessions,
etc
thous. of doL.
Foreign
thous. of dol..
Refunding, total
thous of dol
Corporate
thous. of dol__
Type of security, all issues:
Bonds and notes, total
thous. of dol..
Corporate
thous. of doLStocks
thous. of doL-

0

15, 000

0

40, 290

0

4,000

11, 000

0

5,900

1,000

0

0

0

78,809
15, 000
276, 070
271, 517

60, 459
0
219,659
179,392

86, 505
0
262, 426
217,215

114,179
0
241,216
100, 617

50,318
8,000
287, 571
200, 973

89,266
0
195, 239
183,141

59,711
0
637, 824
536, 037

48, 793
0
843,360
559, 872

68,063
0
301,788
267, 385

64, 396
0
513.896
375, 756

32, 959
0
235,614
224, 583

45,712
0
79,044
61, 639

104,399
0
229,970
175, 400

392, 677
309,314
72, 088

349, 500
233,774
18, 621

378, 471
246, 753
3,750

427,960
132, 893
34,462

406, 635
273, 907
4,189

280,815
173, 450
21,163

743, 659
594,853
23, 692

955, 533
623, 252
64,498

373,491
265,125
39,808

651,980
448, 444
79,186

305,184
261,194
33,199

264, 290
201,173
31, 265

363,534
204, 625
45, 425

80, 409
8,369

70, 228
124, 087

137,145
16, 061

126, 454
30, 298

93,726
118,586

94,561
22, 800

120,085
37, 219

111,974
74, 814

96, 396
10, 700

118,102
91, 889

43, 968
22, 746

° 67, 447
18,201

514,893 1,074,776
113,037 197, 332

626, 949
119,961

569, 673
100, 377

448,466
53,744

321,637
45,297

466,193
52,161

800,684
92, 053

591,079
80,460

90.23
92.84
77.62

91.08
93.69
78.45

91.85
94.47
79.03

93.59
96.16
80. 87

94. 44
97.22
80.32

94. 47
97. 26
79. 76

93.90
96.69
79.21

93.83
97.38
67.47

102. 59

79. 51

83.52

86.50

92.72

96. 41

96.50

94.97

94.88

96.11

97. 35

99.38

101.19

105. 62

89.77

92.38

97. 56

102. 88

103. 57

101.76

101. 39

101.09

102.09

103. 68

104. 00

105.18

Bond Buyer
State and municipals:
Permanent (long term)
thous. of doL.
Temporary (short term)
thous. of doL.
COMMODITY MARKETS
Volume of trading in futures:*
Wheat
thous of bu
Corn
thous. of bu..
SECURITY MARKETS
B o n d s
Prices:
All listed bonds (N. Y. S. E.)
dollars..
Domestic issues
dollars..
Foreign issues
dollars. _
Domestic (Dow-Jones) (40)
percent of par 4% bond..
Industrials (10)
percent of par 4% bond..
Public utilities (10)
percent of par 4% bond..
Rails, high grade (10)
percent of par 4% bond..
Rails, second grade (10)
percent of par 4% bond..
Domestic* (Stand. Stat.) (45)
dollars..
U. S. Government (Stand. Stat.)*.dollarsForeign (N. Y. Trust) (40) ..percent of par._
Sales on registered exchanges (Securities
and Exchange Commission):*
Total on all exchanges:*
Market value
thous. of dol_.
Par value
thous. of dol..
On New York Stock Exchange: +
Market value
thous. of dol..
Par value*
thous. of doL.
Sales on the New York Exchange excl of
stopped salesX (Dow-Jones):
Par value:
Total
__
thous. of dol
Liberty and Treasury bonds
thous. of doL,




95. 92
99.41
68.16

768, 278 1,328,691 1,032,278
148,124 415,816 395,058

94.24
97.63
67.87

94. 78
98. 19
68.39

95. 39
98. 81
68. 68

a
i59,
a

266
51,748

662,183
213, 787

95. 79
99. 27
68.00

102. 22

92.61

92.96

92.83

97.94

99.13

97.51

98.14

98.14

98.69

98. 86

100. 88

101.55

129. 49

112. 55

114.32

116.92

120.77

123. 69

126. 34

126. 22

126.90

127.15

126. 58

126. 98

128. 37

83. 21
104.9
111.0

51.31
97 6
107.8
62.71

56.93
98.9
108. 3
59. 93

59.99
100.0
108.4
63.43

66.96
102.7
108.8
63. 93

73.18
104.3
109.3
64. 47

74. 32
104.4
110.0
63.54

70.70
103. 7
110.2
62.97

70.43
102.7
110.3
62.16

72.31
102.6
110.4
63.76

74. 45
102.4
110.3
63. 55

77.78
103.0
110.8

80.74
104. 3
111.1

0)

0)

329,488
420, 739

302,178
387,152

296,212
405,138

314,083
448,712

443, 264
022, 546

395, 266
511,121

336, 206
410, 410

251,878
301, 433

208, 596
249, 620

283, 772
332, 383

292, 443
350, 594

221,368
275, 306

287, 861
378, 520

274, 094
353, 830

229, 642
291,123

217,954
304,219

239, 442
352, 057

338, 695
492,214

305, 052
402, 610

261, 553
323, 695

197, 277
236, 792

163,983
197, 217

231, 088
271,044

238, 071
287, 510

179,534
225,927

240,020
322, 466

396,197

275,727

301,977

314, 429

476,137

175,145 2,275,275

774, 052

231, 827 2,586,314

291, 650

224, 923

,087,961

0

51,997

19,252

20, 464

33,118

10,000 1,809,000

180,000

0 2,135,000

0

0

914,000

0)

36

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931,
together with explanatory footnotes and referNovem[ Decemences to the sources of the data, may be found October October
ber
ber
in the 1932 Annual Supplement to the Survey

December 1936
1936

January

February

March

April

May 1 June

July

1

August September

FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Value, issues listed on N. Y. S. E.:
Par, all issues
mills, of dol
Domestic issues . . - - .mills, of dol _.
Foreign issues
mills, of dol
Market value, all issues
mills, of dol..
Domestic issues
mills, of dol __
Foreign issues
mills, of dol
Yields:
Domestic (Standard Statistics) (60) t
percent—
Industrials (15)
percent
Municipals ( 1 5 ) t —
percent..
Public utilities (15)
percentRailroads (15)
_.
percentDomestic, municipals (Bond Buyer) (20)
percent..
Domestic, U. S. Government:
U. S. Treasury bonds*
percentCash Dividend and Interest Payments
and Bates
Dividend payments (N. Y. Times)
thous. of dol. _
Industrial and miscellaneous
thous. of dol—
Railroad.thous. of dol._
Dividend payments and rates (Moody's):
Dividend payments, annual payments at
current rate (600 companies)
mills, of dol..
Number of shares, adjusted
millions..
Dividend rate per share, weighted average
(600)

dollars

45, 01S
39, 988
5,031
43,180
39,7o\
3,429

42, 303
35,054
7, 249
38,171
32,543
5,627

42,232
34,987
7,245
38, 465
32,781
5,684

42, 893
35, 619
7,274
39, 399
33,650
5,749

43,113
35,851
7,263
40, 348
34,475
5,873

43,015
35, 934
7,082
40, 625
34,936
5,688

44,255
37,196
7,059
41,807
36,177
5,630

44, 223
37,150
7,073
41, 525
35,922
5,603

42, 255
37, 242
5,013
39,648
36, 266
3,382

44,164
39,128
5,036
41,619
38, 201
3,418

43, 981
38, 947
5, 034
41, 685
38, 242
3,443

44,279
39,241
5,038
42, 236
38,776
3,460

45,211
40,178
<6,033
43, 305
39,883
3,422

3.81
4.40
2.58
4.01
4.24

4.28
4.51
3.16
4.31
5.12

4.18
4, 42
3.02
4.15
5.12

4.11
4. 44
2.97
4.17
4.87

3.99
4.29
2.93
4.09
4.63

3.90
4.27
2.86
4.04
4.43

3.87
4.32
2.78
4.01
4.37

3.90
4.38
2.76
4.00
4.45

3.94
4 45
2.76
4.04
4.52

3.94
4.44
2.72
4.03
4.56

3.94
4.45
2.70
4.02
4.58

3.91
4.42
2.68
4.02
4.52

3.84
4.40
2.62
4.00
4.33

2.85

3.34

3.23

3.25

3.11

3.04

3.03

3.12

3.00

2.99

2.95

2.91

2.86

2.42

2.77

2.73

2.73

2.68

2.62

2.54

2.51

2.50

2.50

2.50

2.43

2.41

233, 697

157,809

398,021

301,403

228,328

273,649

200,042

162,174

409,552

263,830

236,196

331,918

231, 730

226, 269
7,428

151,055
6,754

369,279
28,742

280,609
20,794

184,035
44,035

259,487
14,162

192,324
7,718

155,519
6,655

375, 035
34, 517

237, 655
26,175

215, 003
21,193

317,088
14,830

226,642
5,088

1, 568. 2
923. 99

1,243.7
918.42

1,296.5
923.92

1,298.7
923. 92

1,311.5
923.92

1,337.2
923.92

1,345.5
923.92

1,355. 8
923.92

1,385. 2
923.92

1, 397. 4
923. 92

1, 457. 2
923. 94

1,517.4
923. 94

1, 539. 6
923. 99

1.35

1.40

1.41

1.42

1.45

1.46

1.47

1. 50

1.51

1.58

1.64

1.70

1.67

3.00
3.04
3.04
3.00
3.00
Banks (21)
dollars..
2.98
2.98
2.98
2.97
2.98
2.99
2.98
2*98
1.33
1.41
1.56
1.58
1.62
1.32
1.34
1.48
Industrial (492)
dollars
1.26
1.26
1.28
1.19
1. 38
2.39
2.03
2.13
2.14
2.09
2.09
Insurance (21)
_ _
dollars
2.39
2.39
2.23
2.23
2.37
2.39
2. 39
1.86
1.99
1.86
1.95
1.96
2. 01
1.86
1.83
1.86
Public utilities (30). __
dollars.
1.83
1.86
1.86
1.86
1.21
1.21
1.21
1.21
1.21
1.24
1.21
Railroads (36)
dollars..
1.21
1.21
1.21
1.21
1.21
1.21
Stocks
PH(,M.
r rices.
Dow-Jones:
175.0
130.4
144.3
145.9
151.8
155.9
155.8
155.2
162.3
165.9
167.8
141.8
149.3
Industrials (30)
dol. per share..
32.5
30.9
32.3
34.6
34.7
34.5
35.1
30.9
31.7
26.0
28.8
28.9
30.0
Public utilities (20)
dol. per share..
58.7
37.0
43.3
48.5
48.0
47.2
47.0
51.5
54.0
55.8
40.3
33.8
44.5
Railroads (20) ._
dol. per share
124. 28
133. 48
120.00
121.63
130. 74
New York Times (50)
dol. per s h a r e - 138. 39
120. 95
131. 55
108.16
113.80
116.06
111.27
119.46
201.17
203.97
206.14
211.69
221.15
220. 56
222. 54
230. 40
190.86
189. 58
197.67
197.63
203. 36
Industrials (25)
dol. per share
37.94
44.42
38.84
36.88
42.55
40.33
Railroads (25) . _. __ dol. per share
46.38
26.74
31.69
34.46
37.12
29.97
35 57
105.6
114.1
109.2
113.0
106.1
108.7
108.9
Standard Statistics (419)t
1926-100..
118.7
85.2
93.3
95.3
100.1
101.0
120.9
124.6
120.6
124.3
128.4
130.2
136.0
107.4
109.2
114.5
125.3
116.2
98.5
Industrials (347) t
1926=100..
109.1
97.0
102.8
102.8
101.5
102.0
105.8
108.8
107.7
81.0
90.1
91.6
94.7
Public utilities (40)t
1926-100..
49.1
49.2
47.7
50.7
53.9
55.4
58.4
48.9
43.8
37.6
41.4
34.3
45.0
Railroads (32)f
1926=100..
65.8
66.4
64.1
65.0
72.1
76.5
75.1
75.3
69.1
70.5
55.8
63.5
62.6
Banks, N. Y. (19)f
1926=100..
Fire insurance (18) f
.1926=10093.8
101.7
107.5
106.8
102.1
96.8
94.2
95.2
96.1
96.5
94.1
92.8
96.0
Sales:
Market value of shares sold:
All registered exchanges, total*
thous. of dol. . 2,570,963 1,912,161 2,250,677 1,979,149 2,439,219 2,503.129 2,429,960 1,936,193 1,223,444 1,164,147 2,057,845 1,657,152 1,882,283
On New York Stoplc T^xpharifffl *

thous of d o L
Volume of shares sold:
On all registered exchanges, total*
thous. of shares. _
On New York stock exchange: *
Total (Sec. and Exch. Com.) %
thous. of sharesTotal excl. of odd lot and stopped sales
(New York Times)..thous. of shares..
Values, and shares listed, N. Y. S. E.:
Market value all listed shares.mills. of dol—
Number of shares listed
millions..
Yields*
Preferred, Standard Statistics:
Industrials, high grade (20)
percent..
Stockholders ( C o m m o n Stock)
American Tel. & Tel. Co., total
number..
Foreign
number..
Pennsylvania Railroad Co., total number
Foreign
number
U. S. Steel Corporation, total.
number..
Foreign
number

Sharps hflld h v brokers

1,948,171 1,659,690 1,952,075 1,738,247 2,069,564 2,140,084 2,092,308 1,679,839 1,077,672 1,002,190 1,526,176 1,248,924 1,387,439
79, 992

81,106

99,864

82,870

119,592

120,963

101,923

77,916

47,110

43, 937

64, 728

50, 937

59, 627

60,019

62,555

77,474

63,344

87,502

85,305

75,532

56,935

35,943

31,897

48,272

37,109

44. 535

43,998

46,663

57,463

45,590

67, 211

60,871

51,025

39,616

20, 615

21,428

34, 787

26, 564

30,872

58, 507
1,349

43,002
1,307

44,951
1,309

46,946
1,318

50,165
1,321

50,202
1,323

51,668
1,330

47, 774
1,337

49,998
1,339

50,912
1,340

54, 067
1,341

54,532
1,344

55,105
1,348

5.06

6.19

5.12

5.11

5.10

5.05

5.02

5.04

5.06

5.04

5.03

5.02

653,435
7,859
225,120
3,101
181,493
3,870
21. 75

657, 651
7,825
227,251
3, 111
184, 680
3,925
21.56

percent of total

649,876
7,804
223,844
3,087
"177, 758
3,941
22.72

_
....

5.03
645, 457
7,540
221, 327
3,076
173,633
3,866
23.51

FOREIGN TRADE
Value:
INDEXES
Exports, unadjusted
1923-25=100Exports, adjusted for seasonal variation
1923-25=100..
Imports, unadjusted
1923-25=100Imports, adjusted for seasonal variation
[
Quantity exports:
1923-25=100..|
Total, agricultural products:
!
Unadjusted
1910-14=100..
Adjusted*
1910-14=100..
Total, excluding cotton:
Unadjusted
_
1910-14 ==100..
Adjusted*
1910-14-100..

59

58

52

51

53

51
62

53
63

56
59

60 !

55

58

58

62 I

65

51 !
55

51
52

44
52

45
54

40 !
52

27 !
39

37
40

41
41

34
36

33
35

48 i
59 t
v 61

52
87
64

58

57

128
74 !

49
45 ,

43
42 I

47

51

48

49 |

55
67
62

63
47
44

9 Preliminary.
• 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 1926-34; for data for years 1919-25 see p. 20 of the November 1935 issue. Series on stock sales on all registered exchanges and on the New York Stock Exchange
as compiled by the Securities and Exchange Commission for the period October 1934-February 1936 are shown on p. 20 of the April 1936 issue. For quantity exports
adjusted for seasonal variation for the period July 1914-August 1935 see p. 18 of the October 1935 issue.
t For earlier data on yield of domestic and municipal bonds see pp. 19 and 33 of the April 1933 issue. Data covering the Standard Statistics indexes of stock prices have
been revised. The revision, however, did not change the indexes materially. Revised data not shown above will appear in the 1936 Supplement.
X The difference in the figures covering the volume of stock sales on the New York Stock Exchange since April 1935 is due to stopped and odd lot sales being
included in the figures of the Securities and Exchange Commission. These are excluded in the figures reported by the New York Times.




37

SURVEY OF CURRENT BUSINESS

December 1936

1935
Monthly statistics through December 1931, 1936
;ogether with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decemin the 1932 Annual Supplement to the Survey.
ber
ber

1936
February

January

March

April

August September

June

July

184, 908

179,828

178,314

220,149

8,628
38, 766
13, 627
69, 400
8,893
6, 541
4,299
27, 066
35, 498
34,875
16, 789
5,800
15, 828
4,662
3,757

10, 562
35, 725
11,975
64, 462
6,448
7,041
2,873
27, 381
32, 016
31, 296
17,819
6,830
19, 243
5,957
3,560
1,540

8,828
33, 570
10, 764
69, 978
8,484
5,840
2,285
33,223
32, 251
31,516
18,528
6,348
15,159
4,124
3,557
1,071

9,451
43,654
21,328
98, 937
14,929
10,213
2,868
47,498
32,142
31,498
19, 370
6,381
16,596
4,946
3,516
1,051

196,913 180, 601
42, 627 39,310
22.9
19.7
15,925
14,509
4,621
4,402
11, 304 10,107
5.3
4.1
4.2
4.0
1.5
1.3
35,115
34,107
103, 245 92,674
22.5
19.1
5.6
4.4
29.6
26.0
191,110 190, 387
188, 421 193, 622

176,397
30, 379
10.8
15, 036
3,774
11, 262

175, 556
38,127
12.4
19,675
5,725
13,950

33, 282
97,701
16.9

32, 287
85, 467
12.4

29.3
194,114
196, 516

25.2
192, 375
200, 090

217,535
72,819
38.2
23,349
5, 697
17, 652
10.4
3.0
2.4
31,860
89, 508
12,5
5.5
27.3
215,645
218,370

May

FOREIGN TRADE—Continued
VALUE §
Exports, incl. reexports
thous. of dol.. J
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:
Exports, domestic
thous. of doL
Crude materials
thous. of dol.
Raw cotton
mills, of dol.
Foodstuffs, total
thous. of dol.
Foodstuffs, crude
thous. of dol.
Foodstuffs, mfgd
thous. of dol.
Fruits and prep
mills, of dol.
Meats and fats
mills, of dol.
Wheat and flour mills, of dol.
Manufactures, semithous. of dol.
Manufactures, finished..thous. of dol.
Autos and parts
mills, of dol.
Gasolme
mills, of doL
Machinery
mills, of dol.
Imports, total #<?._.
thous. of dol.
Imports 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: id
Crude materials
thous. of dol.
Foodstuffs, crude
thous. of dol.
Foodstuffs, manufactured.thous. of dol.
Manufactures, semithous. of dol.
Manufactures, finished
thous. of dol.

1
264,740

221, 238 269,310

223, 514

8,878
9,427
9,093
34,143 I 51,058
50, 946
16,402
26,945
26,885
115,315 144, 510 110,183
10, 746 18,817
15, 701
9,885
14,363
12,327
6,529
9,125
7,944
59,098
62,481
41,823
31,084
28,170
22,15,7
30,349
27,473
21,760
18,090
18,628
17, 729
5,817
5,353
6,025
13,728
17, 517
13,406
3,436
4,948
3,556
3,414
4,537
3,276
1,089
1,698
1,216

197,958
7,700
40, 290
18,753
91, 669
11,666
7,136
5,420
37,863
27,390
26,990
16, 693
5,642
14,217
3,784
3,950
1,193

181,838 j 194,792 ! 192,629 200,666
10,553
38,332
16, 401
82,932
8,388
9,489
6,891
32,012
27,945
27,356
19,593
6,395
15,438
3,876
4,109
1,274

9,215
39, 337
16,211
78, 247
9,311
7,787
4,827
27, 054
32,128
31,557
17, 902
5,932
15, 801
4,031
3,704
1,562

179,195 192,081
50, 054 44,486
26.6
26.3
14, 763 16,848
4,020
5,087
10, 743 11, 761
6.3
6.8
2.9
3.5
1.2
1.4
28,319
32,096
86,059
98,652
22.1
24.0
3.6
3.3
24.6
27.9
192, 776 198,686
189, 589 194, 281

189, 408
40, 431
22.8
14,199
4,949
9,250
5.5
3.3
1.4
33, 802
100, 976
23.0
5.1
30.7
202, 789
199, 787

8,307
32, 553
13, 251
83, 697
9, 794
8,803
7,571
32,304
25, 638
25, 275
16, 281
5,277
15,361
4,154
4,214
1,254

261,963 218,138
100,418
82,604
58.4
45.9
24,923
23,695
7,490
7,974
17, 433 15, 721
11.8
12.5
3.4
2.8
2.5
1.5
3G, 668 30,291
99,953
81, 548
15.8
14.1
4.5
5.1
31.8
23.5
212, 001 189, 240
213, 209 189, 688

266,730
112, 678
75.1
26, 780
5,925
20,855
13.8

220,977
82,685
56.8
19,697
5,169
14,528

4.2
1.4

9.4
3.3
1.2

195,085
59,770
35.7
15,863
4,349
11,514

34,319
92,953
21.9

31,702
86,894
19.7

28, 621
90,831
22.1

25.5
169,386
162,808

22.5
186,864
179,586

25.5
187,440
186,351

2,579
57,319
16,594
65,053
7,565
7,702
4,723
15,820
29,741
28, 573
10,183
3,227
24,813
5,251
9,934
1,344

3,235
46,230
14,106
55,009
5,433
6,738
4,528
14,214
27, 258
26,576
8,988
3,048
22,089
4,498
8,530
2,424

3,714
55,693
14,213
56,019
5,168
8,152
3,553
13, 577
27,901
27,320
11,139
4,220
25,121
5,154
9,414
1,969

4,212
56,977
15,086
53,493
5,539
5,729
2,749
15,990
24, 675
24,272
23,289
3,860
23, 704
4,862
9,158
1,421

4,483
58, 590
14,435
51,612
4,321
5,650
2,586
16,132
23,020
22,926
24,636
4,688
27,247
4,638
11,053
3,787

55,398
29,492
22, 256
38,587
43,955

46,045
24,942
18,909
36, 305
36,606

55,737
27,116
17,712
42, 768
36,253

58,412
26,543
28,733
39,699
32.964

58,613
28, 745
31,547
40,060
30. 625

62, 758
33,802
27, 512
40, 536
48, 601

6.7

7.5

6.3
3.3
1.3

5.1

9,326
38,902
14, 680
78,097
7,301
7,240
5,697
30, 450
37, 500
36, 693
18, 535
6,243
18,306
4,507
4,475
1,676

982

5.0
4.1
1.3

5.0

8.7
S.I
1.7

5.0

2,748

5,801
65, 671
13, 286
51, 637
4,538
5, 870
3,017
14,712
26, 923
26,710
25, 829
4,826
23, 925
5, 223
7,216
3,442

4,236
58,857
12,163
63, 722
4,356
5,741
3,286
14,513
29,127
28,744
22,800
3,829
19,671
3,827
5,863
2,867

2,907
60, 706
11,003
55,193
4,578
6,080
3,517
14, 676
30,881
30, 347
23,344
3,771
20, 591
3,404
6,550
1,611

2,845
66,901
12,306
56,637
4,829
7,439
3,274
14, 317
31,114
30,708
19,299
3,759
19, 721
3,490
6,739
1,735

3,519
62, 930
17, 384
59, 749
5,778
6,332
3,045
15,877
37,600
37,083
12, 929
3,237
23.361
4,488
7,785
1,901

3,923
68, 501
15,918
67,763
6,068
7,428
3,434
16, 746
35, 800
34, 756
16,924
2,986
25, 451
6,859
9,636
1,299

57, 749
31,221
32,338
36,127
36. 847

62, 076
28, 690
37, 035
37, 577
34, 409

55,071
21, 759
34,080
38,456
39,056

54,612
22,893
36,065
43, 056
36. 996

56,022
24, 529
34,726
42,660
38, 579

61,663
28, 627
27, 630
40,814
41,356

69,437
31,063
33,149
40,817
43, 904

4,936

57,435
12,926
55,491
5,347
6,740
2,947

16, 730
27,222
26,836
24,252
5,094
24.945

5,108
9,466

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
thous. of dol._
8,029
7,708
7,745
7 936
8,586
8, 245
8,396
8,579
8,435
127
143
123
141
126
110
137
123
'140
Operating income
-thous. of dol._
Electric Street Railways
8.101
8.075
8.101
8.101
8.101
8.101
8.092
8.092
8.092
8.100
8.092
8.075
8.075
Fares, average (268 cities)
cents..
742, 270 799,787 797,242 780,142 814." 298 I 790*, 696 788,307 758,943 720,396 704, 446 737, 523
Passengers carriedt
thousands.. 814, 254 764,558
56,443
57,874
58,752
57, 426 55, 553 53, 553 52,612
54, 701
55,442
53, 788
58,138
Operating revenues!
thous. of dol__
Steam Railways
Freight carloading (F. R. B.):
73
65
67
63
84
62
71
72
75
Index, unadjusted
1923-25=100
76
74
106
90
79
65
61
65
68
Coal
1923-25=100.
89
87
61
62
73
70
69
73
71
83
Coke
1923-25=100..
49
43
39
37
37
46
48
47
50
50
Forest products
1923-25 =100..
78
69
69
61
66
69
77
117
88
71
Grain and products
_. 1923-25=100..
65
63
50
39
31
37
46
35
41
57
Livestock
1923-25= 100.,
69
67
66
62
60
67
66
66
66
70
Merchandise, 1. c. 1
1923-25=100
79
32
133
14
15
141
107
130
139
150
Ore
1923-25=10082
76
97
63
67
85
83
83
84
95
Miscellaneous
1923-25=100..
73
64
66
70
71
70
70
73
72
Index, adjusted
_
1923-25=100
67
67
79
74
97
73
70
74
74
Coal
1923-25=100
85
60
79
61
68
70
75
83
85
Coke
1923-25=100
36
40
45
48
42
44
46
48
47
Forest products
1923-25=100.
62
70
65
68
62
84
89
98
58
Grain and products
.1923-25= 100. _
33
44
49
47
39
39
41
49
48
Livestock
1923-25=100
64
62
64
66
66
64
66
67
67
Merchandise, 1. c. 1
1923-25=100
62
46
95
56
58
71
72
77
93
Ore
1923-25=100
74
82
70
77
86
80
79
80
Miscellaneous
1923-25=100..
$ Data revised for 1933. See p. 20 of the October 1934 issue; for 1934 revisions, see p. 20 of the December 1935 issue.
fBeginnmg with January 1934, import data represent imports for consumption (goods entering consumption channels immediately upon arrival, plus withdrawals for
consumption from bonded warehouses) and are not comparable with earlier figures, which consist of general imports (goods entered for storage in bonded warehouses, plus
goods entering consumption channels upon arrival in the U. S.).
fRevised 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. Data on electric railway passengers carried through December 1935 are based on estimates for 210 companies, and for 1936 on
estimates for 214 companies.
*New series. Data prior to April 1933 on value of imports for consumption will be shown in a subsequent issue.
§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 the December 1935 issue.




38

SURVEY OF CURRENT BUSINESS

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

1936

December 1936

1935

October October

1936
December

No v e m
b e r '

January

February

March

April

May

June

July

August September

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Steam Railways—Continued
Freight carloading (A. A. It.):
Total cars^
_
thousands..
4,096
«3, 565
"671
Coal
..thousands..
791
53
Coke
..thousands..
178
"156
Forest products
thousands -.
"178
161
Grain and products
...thousands..
"106
109
Livestock
thousands..
"830
856
Merchandise, 1. c. L
thousands..
«157
264
Ore
thousands..
1,683
Miscellaneous
thousands..
'208
112
Freight-car surplus, total
thousands..
125
65
Box
thousands..
48
17
Coal
„
thousands..
Financial operations (ClassI Railways):
Operating revenues}
.thous. of doL. 391, 457 •341, 039
Freightt
thous. of doL. 326, 056 '285. 375
Passengerf
thous. of doL. 33,914 "28; 612
Operating expensesf
thous. of dol_. 261,212 '232, 522
Net railway operating incomef
thous. of dol.. 89, 851 "75, 455
Operating results (Class I Railways):
31, 200
Freight carried 1 mile
mills, of tons..
. 999
Receipts per ton-mile
..cents..
1,475
Passengers carried 1 mile
millions..
Waterway Traffic
Canals:
281
Cape Cod
thous. of short tons..
New York State
thous. of short tons..
Panama, totalf
thous. of long tons.. "2," 463'
962
U. S. vessels
thous. of long tons..
1,386
St. Lawrence
thous. of short tons..
Sault Ste. Marie
thous. of short tons.. 10, 789
Suez
thous. of metric tons..
Welland
thous. of short tons.. "I~646
Rivers:
428
Allegheny
thous. of short tons..
Mississippi (Government barges)#
129
thous. of short tons..
2,661
Monongahela
thous. of short tons_.
Ohio (Pittsburgh to Wheeling)
1,452
thous. of short tons..
Ocean traffic:!
Clearances, vessels in foreign trade
thous of net tons..
Foreign
thous. of net tons..
United States.
thous. of net tons.
Shipbuilding. (See Trans. Equip.)

270
800
2, 229
983
992
7,454
2,225
«1,153
226

1

I

301,
248,
27,
218,

331
146
848
583

54,

3,135
906
54
134
151
53
730
28
1,078
171
104
22

2,419
423
27
122
136
48
622
24
1,017
205
104
61

2, 545
445
28
121
123
50
647
35
1,096
179
97
42

3,352
557
41
162
155
61
795
187
1,394
185
105
41

2,787
426
33
139
140
47
649
202
1,151
170
90
44

2,826
434
35
131
212
52
628
209
1,125
147
77
37

3,701
605
43
181
217
77
828
274
1,476
146
81
30

299, 099 300, 459 308, 304
241,160 245, 145 251,821
34, 102 31, 902 30, 516
231, 779 235, 906 236, 579

313,410
256, 322
30, 653
235, 073

320,966
262, 727
30, 351
240, 234

330, 692
268, 542
34, 845
241,812

349,744
283, 944
39,187
248, 366

350, 585
283,602
39, 321
246, 299

207
772
356
553

40,040

35, 765

33, 595

35, 206

41, 548

41,842

50, 313

61, 774

64, 681

70,166

27,858
.960
1,695

29,153
.931
1,582

27, 992
.994
1,539

28,145
1.015
1, 573

29, 894
.975
1,578

28, 760
1.023
1,941

31,144
1.002
2,261

32, 076
.971
2,308

33, 049

208
655
2,050
843
865
4,087
2,955
1,313

238
0
2,188
852
44
440
2,029
167

224
0
2,149
775
0
0
2,043
0

81
0
2,155
813
0
0
1,864
0

200
0
2,634
981
0
0
2,149
0

227
228
2,430
1,023
187
37
2,091
95

270
568
2,420
940
1,300
8,710
2,215
1,618

228
616
2,460
989
1,207
9,835
1,981
1,444

258
738
2,450
976
997
10,951
2, 150
1,322

232
605
2,396
1,058
1,060
10, 699
2,554
1,366

258
821
2.526
1,054
1,130
11,041
2,172
1,407

191

112

43

56

98
1,664

98
1,270

102
547

140
1,327

267

880

956

635
4, 351
2.S48
1,403

5,162
3,331
1,831

3, 521
3,184
1,337

226

367

401

405

200
2,361

155
2,457

143
2,564

138
2,623

127
2,569

863

1,246

1,319

1,399

1,461

1,425

4,872
3,329
1,542

6,057
3,901
2,155

6,134
4,121
2,013

6,564
4,418
2,146

6,886
4,694
2,192

6,668
4,606
2,061

483, 505
4,885
71,449
30, 326

483, 798
5,511
96. 368
40, 097

701,142
5,620
97, 453
40, 252

613, 837
6,043
111,072
44, 364

3.00
68

2.85
64

2.97
64

2.98
61

3.10
61

3.09
66

24, 808
24, 149
2,134
3,016
15,509

20,010
21,686
2,643
3,067
27, 725

21, 038
22, 732
2,527
3,008
31,305

30,346
36, 361
2,780
3,571
16,980

61, 230
57, 067
3,004
3, 891
8,198

63, 575
48, 693
2, 612
4,606
6,564

520

4, 305
3,049
1,256

365

188
1, 928

4,639
3,225
1,414

"67, 767 "144,034 "311.391 "655, 786
"20,068 "43,128 "91, 575 "182, 958

565, 358 652, 930
6,046
5,756
106,143 '101.239
43,109 "43,510

'622, 721 25S, 495
175, 090 77, 712
l

1,353
4,438

1,295
4,163

1,430
4,705

1,516
5,019

1, 565
5, 211

1,519
4,929

86.111
56, 055
22, 314
60, 685
17, 367

86, 783
57, 167
21, 895
59,498
17, 291

85, 364
56, 329
21,271
57, 649
17, 746

88, 909
57, 594
23, 459
59, 582
19,165

88, 754
57, 667
23, 298
59, 543
18,818

89, 209
57, 864
23,486
59,614
19,182

89, 680
57, 673
24,116
59, 778
19, 268

91,129
57, 681
25, 406
62,136
18, 298

89, 571
56, 727
24, 692
59,960
18, 853

90, 668
58, 441
24, 095
60, 923
19, 277

14, 568

14, 621

14. 770

14, 839

14, 921

15, 004

15,088

15,111

15, 549

15, 622

15, 762

9,096
6,882
7.708
1,002

10. 245
7,951
8,475
1,377

9,223
7,120
8. 050
744

8,978
6, 851
7,793
760

10, 046
7,757
8,288
1, 326

9,996
7,742
8,156
1,407

9,907
7,787
8,302
1,292

10, 551
8,244
8,513
1,603

10, 534
8,258
8, 718
1,399

10,121

86, 328
56, 245
22, 630
59, 321
18, 529

85, 330
56, 732
21.213
59, 741
17, 386

14,512
9, 830
7, 545
7,989
1,452

357
291
36
248

26,175
.987
1,787

Travel
S
Airplane travel:
Express carried*..
pounds.. 799, 266 488. 019 361,839 400, 061 354,301 353, 293 535, 736
5, 913
4,429
4,245
4,301
3,958
4, 860
Miles
flown*
thous. of miles..
5,288
50, 534 53.507 44, 061 41, 330 70, 926
Passengers carried*
number.. 102. 917 70,924
44,411
23,046
18,983
20,
837
IS,
122 31,730
Passenger-miles flown* thous. of miles..
28, 788
Hotel business:
3.14
2.95
2.94
2.89
2.99
3.01
3.12
Average sale per occupied room • dollars..
69
56
64
61
65
Rooms occupied
percent of total..
66
Foreign travel:
13,648
16, 674
27, 479 14.202
20, 991 30, 678
Arrivals, U. S. citizens
number,.
24, 159 19. 678 12. 781 17, 130
21,189
26, 081
Departures, U. S. citizens
number.
2,984
3,382
2,980
2,108
1, 926
Emigrants
number...
3,708
2.797
4, 288
2,540
2, 591
2,
252
Immigrants._.
number..
2, 856
4,12!
4, 174
5. 098
4,918
5, 659
8,071
Passports issued
number.
4, 202
National parks:f
77, 783 "66,294
"34,087 "36,839 "49,043 "42, 2S0 a47, 083
Visitors
number.
24,926 Q21, 883 °10, 732 "11,489 all, 145 "12, 270 "14,120
Automobiles
„_ .number.
Pullman Co.:
1, 533
1,278
1,246 I 1,409
1, 359
1,312
Passengers carried
thousands5, 035
4, 143
3,864 ] 4,094
4, 479
Revenues, total
thous. of dol.
4, 326
COMMUNICATIONS
Telephones:*
Operating revenues
thous. of dol.
Station revenues
thous. of dol.
thous. of dol
Tolls, message
thous. of dol.
Operating expenses
Net operating income..
thous. of dol.
Telephones in service, ( md of mo.
thousands.
Telegraphs and cables:
Operating revenues
thous. of dol.
Commercial telegraph tolls.thous. of dol
Operating expenses
_
thous. of dol.
Operating income
thous. of dol_

3,061
531
39
139
127
73
663
226
1, 264
125
"71
23

234

149
1,707

3,670
1,910 !

296,225
234 053
34.374
225 826

2,353
587
37
104
121
52
566
23
864
231
138
47

27,468
.988
1,436

154
1,414

5,580 I

2.319
522
33
104
109
51
586
21
892
371
155
68

3,179
625
36
137
157
84
788
67
1,284
252
143
65

8, 616
1,088

!

°Revised. # Includes tonnage in both upper and lower Mississippi River. Revised figures prior to December 1934 will be shown in subsequent issue.
fRevised series. For earlier data see p. 19 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. National park data revised for period 1919-36. See p. 20 of this issue.
* New series. Data on airplane travel covers scheduled air lines 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 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 for 1934 and 1935 are for 57 carriers representing about 95 percent of all carriers according to the 1932
census, based on revenues for all companies. Beginning January 1936, data are for 62 carriers representing about 95 percent. For revisions for January, February, and

431.131; stations in service, 14,799,676; for September 1935: Total operating revenues, $84,060,990; station revenues, $54,990,279; message tolls, $21,691,036; operating expenses,
$58,242,896; net operating income, $17,388,045; stations in service, 14,902,795.

 •This figure covers room revenue only.
1Data for August, November 1935 and February, May and August 1936 are for 5 weoks; other months, 4 weeks.


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

39

SURVEY OF CURRENT BUSINESS

December 1936
1936

1935

Decem- January
October October November
ber

1936
February

March

April

May

June

July

August September

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol;
Denatured:
Consumption (disposed of)
thous. of wine gal.
16,103
17, 947 10, 816
5,942
5, 645
6,864
7,302
7, 950
6,143
5,954
6,117
6,949
8,478
15,034
Production
thous. of wine gal17,160
6, 006
10, 297
7,736
6,207
5, 693
7, 635
7,409
5, 939
6, 101
6, 927
8, 604
1,682
Stocks, end of month.thous. of wine gal2,351
1,836
1,632
1,739
1,836
1.767
2,607
2,707
2,666
1,718
2,635
2,756
Ethyl:
22, 086 23, 988 19, 729 17,190
Production
thous. of proof gal.
14,668
14, 620
13,179
12, 747 14, 303 12,818
17, 744
17, 998
16, 893
Stocks, warehoused, end of month
18,842
thous. of proof gal.
16, 954 16, 688 18, 461 19, 386 20, 315 22, 429 22,146
21,311
21, 300
25, 047
27, 475
26, 363
Withdrawn for denaturing
26, 258 29,193
9,512
thous. of proof gal10, 295 13,109
12, 605
17, 509 12, 921 10, 433
9,860
10, 591
12,458
15, 298
2, 952
Tax paid*
thous. of proof gal.
2,445
2,054
2,223
2,441
1,989
2,119
1,903
1, 649
1,840
2,780
2,529
2,359
Methanol:
66,689 102, 296 39,230 63, 733 105, 895 40, 843 73, 349 41,915 40, 897 19, 496
Exports, refined
gallons.
IS, 090
48, 400
34, 976
Price, refined, wholesale, N. Y.
.38
dol. per gal.
.38
.38
.38
.38
.38
.38
.38
.38
.38
.38
Production:
Crude *tA
gallons. 511,541 454,233 478,474 478, 331 494, 081 494,144 476, 496 426, 313 427,079 413,930 374,110 447, 499 429, 500
Synthetic...
gallons. 3,278,052 2,508,978 2,373,475 1,654,794 1,418,863 1,540,171 1,631,832 1,692,921 1,754,998 1,863,405 1,950,825 2,309,377 2,695,591
Explosives:
Shipments!
thous. of lb. 36, 472 29, 498 26, 876 25,509
28,492 28, 825 25, 514 27, 483 30, 394 31,471
30, 484
32, 567
34,151
Sulphur and sulphuric acid:
Sulphur, production (quarterly)*
long tons.
389, 608
374,276
384, 671
436,338
Sulphuric acid (104 plants):
Consumed in production of
131, 441 125,496 132, 508 125, 730 117, 864 106, 785 81,921
fertilizer
short tons.
82, 396 95,168
99, 325 114,521
120, 370
Price, wholesale, 66°, at works
15. 50
15.50
dol. per short ton.
15.50
15.50
15.50
15.50
15.50
15.50
15.50
15. 50
15. 50
15. 50
15. 50
Production
short tons. 169,814 149, 729 153, 792 172,823 156,878 152. 860 141,339 119,565 126, 419 122, 681 121, 166 141,501 135, 717
Purchases:
43,439
33, 396 35,134 30,185
From fertilizer infrs
short tons.
24,932 13, 352 15, 722 10, 721 13, 518 15,437
29, 712
30, 065
32, 304
31,710
From others
short tons.
17, 540 18,946
22, 402 22,193
15, 988 12, 273 16, 725 26, 922
15,111
23, 383
21, 111
22, 918
Shipments:
23,477
28, 031 29,525
To fertilizer mfrs
short tons.
22, 307 13,258 20,870
38, 363 35, 007 20,921
18,129
22, 106
31, 221
24,103
56, 538 50,802 45, 478 51,116
To others.
short tons.
54, 306 55, 451 53,492 49, 744
47,163 37,170
53, 351
45, 962
51,118
FERTILIZER
Consumption, Southern States'!
thous. of short tons..
138
151
1,402
124
545
84
1, 023
249
341
44
61
145
Exports, totalf
long tons.. 173,426 161,955 153,467 137, 754 164,458 149,917 178,789 117, 628 144,811 101, 923 151, 082 126, 899 150,753
Nitrogenousf
long tons.. 37, 286 34, 219 36, 216 17, 723 34, 025 36,326 31,552
19. 767
17,515
7,400
9,131
13, 311
14,470
Phosphate materials!
long tons-.. 127,067 115, 797 104.520 114, 438 112, 802 105, 420 133,762
91,481 116, 448 89, 691 123, 950 105, 539 121,554
Prepared fertilizers
long tons..
269
1,306
186
62
276
139
301
85
158
1, 233
513
298
799
Imports, total!#
long tons.. 167,050 71,956 155, 686 143, 580 149.473 218, 892 173,708 189, 085 140,334
75, 888
64,619
64, 514
72, 382
Nitrogenous!
long tons.. 48,958
39,951
50, 970 75, 301 89.53S 165, 555 134, 406 149, 90S 107, 828 58, 866
35, 320
36, 250
32, 651
Nitrate of soda!
long tons.. 19,513
10, 641 22, 256 38, 528 32,642 92, 739 62,115 100, 982 69,733
36, 216
6,773
5,640
1, 383
2, 837
Phosphates!
„
long tons..
4, 104
4,166
8,075
6,332
4,252
3, 368
4,619
4,299
1,779
7,348
4,480
2,494
Potash!
long tons.. 57,967
21, 704 70, 791 56,899
28, 553
6, 065
53, 097 43, 885 31,749
24, 844
8,677
19, 427
32,310
Price, nitrate of soda, 95 percent, N. Y.
dol. per cwt._ 1.375
1. 275
1.275
1.275
1.275
1.285
1.325
1.325
1.325
1. 325
1. 325
1.325
1.325
Superphosphate, bulk:
281,892 288, 307 320, SOU 298, 073 259, 374 257, 728 216,558 203,945 225, 485 243, 162 256.792 297, 090
Production
short tons..
Shipments to consumers
short tons..
87,313
29, 178 28, 438
54, 687 238, 498 219,340 119,612 45,817
33,163
9, 510
21,113 127, 378
Stocks, end of month
short tons,.
1,102,407 1,199,542 !,217,767 1,190,315 1,137,700 953, 739 742,105 702, 335 721, 243 770, 790 845, 381 874, 588
Pine oil:
NAVAL STORES
Production
gallons.. 405, 527 323,125 336,178 303, 625 343,038 354, 433 346, 676 374, 585 368,304 371, 036 365, 784 415, 922 404,932
Rosin, gum:
7. 29
Price, wholesale " B " , N. Y___dol. per bbl._
4.45
4. 68
5. 50
4.91
4.51
4. 50
5.12
6.91
5. 61
5. ^8
5.83
7.23
Receipts, net 3 ports
bbl. (500 lb.)._ 81,814 93,917
23, 348 32, 002 58, 894 82, 736 97, 781 108.648 101,939
41,226
95,860
75, 552
95, C93
Stocks, 3 ports, end of month, bbl. (500 lb)._ 194, 175 306, 658 334,228 j 315,021 271, 74.9 222, 638 156,291 144, 782 144, 258 156, 592 173, 946 188, 065 194, 883
Rosin, wood:
Production
bbl. (500 lb.)__ 57, 809 43, 719 47,214
43,894
52,156
52, 693 51,326
54, 209 53, 640 52, 418
55, 151
58, 572
57, 789
Stocks, end of month
bbl. (500 lb.)__ 77,718
72, 861
72, 901
76,311
76,110
79, 128
77, 767
80, 278 83, 021 83, 346 87, 257 93,152 92, 945
Turpentine, gum:
.41
Price, wholesale, N. Y
dol. per gal._
.42
.47
.47
.48
.49
.40
.42
.40
.43
.42
Receipts, net, 3 ports
bbl. (50 gal.)-- 18, 533 20, 646 20,101
13,350
3,808
1,442
4,800
23, 470 27,418
15,157
29, 810
26, 173
21, 894
Stocks, 3 ports, end of month.bbl. (50 gal.).. 113,702 134,539 142, 625 145,216 135,959 125, 285 114,789
99, 320 99, 562 105,141 108, 550 113,983 114,127
Turpentine, wood:
8, 731
Production
bbl. (50gal.)_._
9,042
7, 355
8,740
6,910
7,474
8, 580
8, 662
8,636
8,093
8, 523
8, 785
8,578
Stocks, end of month
bbl. (50 gal.)._ 12, 634
8,553
11,582
4,001
5, 531
3,023
10, 733 10,610
7,492
7,669
8,019
10,228
OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts and fish oils
(quarterly):
Animal fats:!
Consumption, factory.
thous. of lb._
210, 541
176,605
245,453
208, 694
Production
thous. of lb_.
319,916
384,461
396, 857
375, 493
Stock, end of quarter
thous. of lb
364,010
391,123
384, 249
358, 645
Gelatin, edible:
Production
thous. of lb._
5,323
5, 597
5,656
3,701
Stocks, end of quarter
.thous. of lb._
8,590
8,853
7, 317
7,987
Greases :t
Consumption, factory
thous. of lb._
52,12]
46,813
46,611
53, 265
Production
thous. of lb._
68, 942
71,680
75, 208
82,139
Stocks, end of quarter
thous. of lb._
63, 645
68,243
64, 321
69, 354
Lard compounds and substitutes: !
Production
thous. of lb__
469, 674
333,200
349, 861
438, 606
Stocks, end of quarter
thous. of lb._
39,890
36,797
39,156
40, 619
* New series. For earlier data see p. 20 of the April 1935 issue (alcohol withdrawn tax paid), p. 20 of the April 1933 issue (production of crude methanol). Latter series
for production revised for 1934 and 1935. Revisions not shown above will be published in a subsequent issue.
! Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer; for 1933 revisions on exports see p. 29 of the September 1934 issue;
for 1934 revisions seep 19 of the December 1935 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 November 1935 issue. For revised series on explosives for period January
1920-October 1933 see p. 19 of the January 1934 issue.
A The refined equivalent of crude production is approximately 82 percent.
• Texas only. Louisiana produced 23 percent of the United States production in 1933, 16 percent in 1934, and 23 percent in 1935.
f Figures since January 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue.
# See footnote on p. 37 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of the December 1935 issue.




40

SUEVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
NovemDecem- January! Februin the 1932 Annual Supplement to the Survey October October
ary
ber
ber

December 1936
1936

March

April

May

June

July

! Sept em -

Aug.usi j ber

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con
Animal fats and byproducts and fish oilsContinued.
Fish oils (quarterly):!
Consumption, factory
thous. of l b . .
Production
thous. of lb..
Stocks, end of quarter
thous. of lb__
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)!
thous. of lb_.
394
Exports..
thous. of lb..
Imports!^ -thous. of lb._ 69, 228
Production (quarterly)!
thous. of lb__
Stocks, end of quarter:!
Crude
thous. of lb_.
Refined
thous. of lb
Copra and coconut oils:
Copra:
Consumption, factory (quarterly)
short tons
22,185
Imports^
- short tons
Stocks end of quarter
short tons
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)!
thous. of lb_.
Refined, total (quarterly)!
thous. of l b . .
In oleomargarine
thous. of lb__ " 13," 169
Imports#
-thous. of l b . . 23, 500
Production (quarterly):
Crude
thous. of lb__
Refined
thous of lb
Stocks, end of quarter:!
Crude
thous of lb
Refined
thous. of lb__
Cottonseed and" products:
Cottonseed:!
Consumption (crush)
..short tons.. 748,126
Receipts at mills
short tons 1.178,322
Stock at mills, end of month
short tons.. 1,274,173
Cottonseed cake and meal:
999
Exports!
short tons
331, 248
Production
...
short tons
Stocks at mills, end of month
short tons.. 190,068
uottonseea on, cruae:*
Production
thous. of lb_. 222, 294
Stocks, end of month
thous. of lb.. 121,398
Cottonseed oil, refined:
Consumption, factory (quarterly)!
thous. of lb._
In oleomargarine.
thous. of lb._ ~~10,042
Price, summer yellow, prime, N. Y.
.099
dol. per l b . .
Production!
thous. of lb._ 179.721
307,
369
Stocks, end of month
thous. of lb._
Flaxseed and products:
Flaxseed:
1,747
Imports, United States#.thous. of bu._
Minneapolis and Duluth:
703
Receipts ._
thous. of bu
Shipments
thous. of bu._
3, 466
742
Stocks, end of month..thous. of bu._
Oil mills:!
Consumption, quarterly
thous of bu
Stocks, end of quarter__thous. of bu_.
Price No .1, Minneapolis.dol. per bu..
2.13
Production, crop estimate
e
6
081
thous of bu
Stocks, Argentina, end of month
3,937
thous. of bu__
Linseed cake and meal:
37,625
Exports
thous of lb
Shipments from Minneapolis
thous. of lb_. 11,313
T inQAori nil*
L/inseeu on.
Consumption, factory (quarterly)!
thous. of lb
.096
Price, wholesale, N. Y
dol. per l b "
Production (quarterly)!__thous. of l b . .
3,686
Shipments from Minn
thous. of lb__
Stocks at factory, end of quarter

237"
87, 810

338"
79,966

1,004,980
329
114,354
950, 784

526"
94,611

632, 757
477,563

27,433

32,019

181
77,068

66,737
22,873
40,039

13, 297

"~16, 372* "I57275~
31,055
21,985

105,252
15,024
45,122

854,835
648
82,003
707,370

67, 334
12,006
147, 700

478"
107, 837

743,420
593,446

_

24,511

135,073

56,394
14, 976
31,902

16,971

557"
87,928

688, 802
245
75,455
400, 555

::::::

628,160
492, 852

11,908

56,449
11,636
16, 896

137,153
17,946
23, 507

27,108
37,972

84,509
93,006 " '
127,904
23,992

77, 074
82, 201
155,492

490
84,853

405
It, 886

71S,747
362
62, 429
484, 565
551,613
288; 572

17, 416

14, 789

140, 350

4Q 164
24. 933
14,865
169,416

99,594
13, 289 "127334" " " 9 , 9 7 9
22, 532
32, 569
40,336

84,904
9,736
14, 820

69,894
87,262

72, 049
83, 629

63,004
95, 678

129,419
17,973

129,894
16,074

77,121
14,241

9,554 "il.749"
33,835
14, 273

93,648
13,964
15, 689

"742, 528
°1,108,818

634,326
693,101

518,673
481,299

456,656
244,044

350,614
85,646

252, 065
80,564

133,666
31, 670

70,992
23, 982

42, 253
25,831

32, 253
15,094

102, 451 592, 820
252, 834 1,258,890

«829, 288

886,804

849, 430

636,818

371,850

200, 349

98, 353

51,343

34,921

17, 762

168,145

838, 379

2,418
"340, 724

1,403
287, 362

1,382
231,337

189
207,346

2,567
163,342

781
114, 649

74
63,599

38
36,009

38
19,954

115
18, 551

506
46, 774

549
264,173

"255,155

312,279

355, 432

358, 752

322,211

285, 958

202,429

166, 272

118, 886

68,905

45, 561

126,014

«227,070
«110, 564

193, 025
119,314

154,286
131,843

135, 623
128,018

107,792
126,446

81,055
113,413

43,137
85, 206

24, 743
62, 602

14, 408
36,147

10,344
18, 707

29, 787
26, 547

176,256
92, 667

7,361

263, 502
6,649

7,612

7,608

332,216
9,081

.101
22, 725
237, 220

.102
92, 306
228, 764

6,610 ~"~8,~ 549"

361, 863
9,120

8," 626 "~I6~766~

241,169
8,178 """8,"347" "

.104
«164, 463
«290,402

.103
176, 261
343,550

.107
139,381
401,284

.101
126, 945
453,990

.097
114,079
489,195

.094
84,935
504,033

.094
65,190
487,536

.088
41,006
460, 727

.091
41, 025
408,965

.098
29,476
319, 015

930

1,254

1,690

886

1,414

1,496

1,037

1,244

747

117

671

1,813

3,148
1,299
3,326

952
1,266
2,597

415
298
2,153

229
142
1,928

99
119
1,640

224
131
1,246

172
95
791

270
160
535

542
181
348

255
291
285

1, 539
665
668

336
318
783

1.79

1.80

8 264
4,270
1.83

1.87

L84

7,094
2,434
1.76

1.72

1.69

5,168
2,222
1.77

2.06

2.15

4,817
? 083
2.14

3,543

2,559

1,969

3,150

4,331

5,315

6,299

6,693

5,906

6,299

5,906

5, 512

37,430

40,983

59,293

39,399

36,225

42, 379

33, 233

27,117

25, 794

20, 469

24,140

32, 581

22, 647

19, 509

22, 245

21, 782

15,244

21, 748

23,715

15, 649

15,104

12, 891

11,365

3,205

.094
_
13, 808

84,129
.095
100,119
12, 932

.100

.103

7,273

5,106

'14,123

75 404
.101
156,569
""l37320~ "*6,"854"
4,009
.097

.097

t h n n Q f\f IVi

65,574
.098
.095
132,137
8,605 " "77853" 10, 200 ""9,"372"
.101

.100

_

146, 532

LilULXo. Ul IU —

Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb_.
Price, standard, uncolored, Chicago
dol. per lb_.
Production
thous. of lb._
Vegetable shortenings:**
Price, tierces, Chicago
dol. per lb..

65,874
45,364
205,121

67, 328
117,078
212,667

...

187,466

140, 666

79, 705
.101
91,098
3,538
98,411

35,144

32,430

35, 501

32, 831

37, 388

37, 851

32, 368

32, 464

26,941

22, 549

26, 796

31,805

34, 426

.140
35, 586

.142
32, 261

.145
33,962

.145
33, 506

.145
36, 558

.145
38, 835

.145
33, 794

.143
32, 302

.130
25, 580

. 125
25, 834

.125
27, 695

.134
30, 351

.138
33,711

. 120

.128

.128

.118

.117

.117

.109

. 107

. 117

. 124

.125 I

. 122 j

. 125

* Revised.
• November 1 estimate.
/ December 1 estimate.
•For earlier data on vegetable shortening price, see p. 18 of the January 1934 issue.
•• ,
!Revised series: Monthly data on cottonseed and cottonseed products for the year ended July 1932 were shown 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 the December 1935 issue. For revised data on imports of vegetable oils for 1932, see p. 17 of the June 1933 issue; for 1933, p. 20, of the
October 1934 issue; and for 1934, p. 20, of the December 1935 issue. Quarterly data on fats and oils for the years 1932 and 1S33 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 the December 1935 issue.

http://fraser.stlouisfed.org/•This series prior to September 1935 was listed as "Lard Compound."

Federal Reserve Bank of St. Louis

41

SURVEY OF CURRENT BUSINESS

December 1936

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found October October Novem- December
ber
in the 1932 Annual Supplement to the Survey

1936

January

February

March

April

May

June

July

38, 736
26,587
10,795
15, 792
12,149

33,919
23,393
10, 287
13,106
10, 526

August September

CHEMICALS AND ALLIED PRODUCTS—Continued
PAINTS
Paints, varnish, lacquer, and filler products:!
Total sales.
thous. of dol.. 34,049
Classified
.
thous. of dol.. 23,192
Industrial
thous. of dol._ 10,628
Trade
thous. of dol._ 12,564
Unclassified (235 estab.)§..thous. of doL. 10,857
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines
dollars.. 279,193
Plastic paints
dollars.. 41,672
Cold-water paints
dollars.. 138,903

32,853
22,132
9,519
12,613
10, 721

25,427
17,856
8,870
7,751

20, 039
14, 271
7,561
6,710
5,768

23,804
16. 355
8,188
8,167
7,448

20,181
14, 363
7,162
7,201
5,818

264,306 212,871 205, 543 280,896 199,183
34,414 31, 760 21,468
31, 292 27,734
105, 306 77,784 72,918
89, 730 76,971

29, 912
20, 728
9,282
11, 446
9,185

36, 209
25,199
11,021
14,178
11, 010

40,950
28,026
10, 746
17, 280
12,924

293, 756 348,953 361, 356 306,656
44,520
47, 407 51,758 54, 817
134,803 147,160 175,088 158,285

33,380
22,338
9,095
13, 243
11,041

33, 450
22, 338
9,564
12, 774
11,112

261,462 297,878 292, 071
49, 389 50, 267 47, 268
139,565 133, 825 149, 333

CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
Production
Shipments
C ellulose-acetate :•
Sheets, rods, and tubes:
Production
Shipments

thous. of lb_.
thous. of lb._
thous. of lb_.
thous. of lb__

1,660
1,598

1,298
1,420

1,469
1,398

1,230
1,252

1,322
1,148

1,682
1,316

1,299
1,239

1.265
1,114

948
859

934

597
546

25,907
5,853

24, 716
6,962

16,851
7,577
1,952
498
482
972

15, 780
8,935

17, 266
8,677

19, 313
7,902

1,186
270
308
607

366
341
961

3,139
660
565
1,914

1,388
1,319

1,345
1,288

1,154
1,206

1,225
1,198

1,463
1,501

1,787
1,532

1,221
1.097

921

1,061
850

1,002
746

1,162
1,468

1,204
1,027

22, 528
7,999

23, 713
7,086

22,391
8,630

21,956
10,479

20, 209
10, 583

21,833
9,550

23, 083
7,523

2,451
566
681
1, 205

2,744
634
887
1,223

2,103
566
740
797

° 2,361
653
°795
913

2,509
637
784
1,088

2,994
783
908
1, 303

4,284
1,180
1,121
1,984

° 9, 710

1,224
1,239

ROOFING
Dry roofing felt:
Production.
_
short tons..
Stocks, end of month
short tons..
Prepared roofing shipments:^
Total
thous. squares..
Grit roll
thous. squares..
Shingles (all types)
thous. squares__
Smooth roll
..thous. squares..

3,180
850
869
1,461

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalt
mills, of kw.-hr..
By source:
Fuelsf
mills, of kw.-hr._
Water powerf
mills, of kw.-hr_.
By type of producer:
Central stations!
mills, of kw.-hr_.
Street railways, manufacturing plants,
etc
mills, of kw.-hr..
dales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.)...
mills, of kw.-hr..
Domestic service
mills, of kw.-hr._
Commercial—retail
mills, of kw.-hr.
Commercial—wholesale-mills, of kw.-hr
Municipal 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

10,143

8,847

9,139

9,246

8,599

8,904

8,892

9,085

9,124

9,672

» 9,802

6,749
3,394

5,975
2,872

5,432
3,258

5,850
3,288

5,881
3,365

5,681
2,918

5,114
3,790

4,878
4,014

5,163
3,923

5,853
3,271

6,529
3,143

» 6, 737 « 6,683
»3, 065
3,026

8,361

8,209

8,588

8,747

8,118

8,423

8,417

8,604

8,594

9,111

» 9, 242 ° 9,166

481

481

475

481

530

561

560

544

536

481

551 I

6,823
1,186
1,220
3,726

6,927
1,289
1,293
3,624

7,029
1,368
1,361
3,493

7,278
1,466
1,403
3,567

1,340
1,324
3,514

6,913
1,254
1,256
3,649

7,069
1,223
1,281
3,842

7,085
1,165
1,266
3,975

7,264
1,144
1,275
4,197

7,519
1,159
1,317
4,362

7,723
1,180
1,361
4,487

7,910
1,261
1,402
4,540

207

217

227

234

219

209

193

180

159

171

188

197

73
360

79
368

439

100
446

435

83
394

375

77
354

342

97
340

99
338

162, 789 169,339

173,459

179,141

171,220

165,650

165, 703 164,015

164, 007 167,672

10,005
9,425
131
439
33,480
18,679
5,716

9,960
9,333
133
485
35,960
19,922

9,972
9,346
135
481
36,611
20,146
7,053

9,973
9,343
129
487
34,129
19,219
5,282

169, 636 175, 597

GAS
Manufactured gas:*f
Customers, total
thousands.
Domestic
thousands
House heating
thousands.
Industrial and commercial..thousands.
Sales to consumers
millions of cu. ft.
Domestic
millions of cu. ft.
House heating
millions of cu. ft.
Industrial and commercial
millions of cu. 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:*f
Customers, total
thousands..
Domestic
thousands..
Industrial and commercial..thousands..
Sales to consumers
millions of cu. ft.
Domesticmillions of cu. itIndustrial and commercial
millions of cu. ftRevenues from sales to consumers
thous. of dol_.
Domestic
thous. of doL.
Industrial and commercial.thous. of dol

10,033
9,467
121
434
29,897
20,008
1,571

9,994
9,421
128
437
30,164
18,543
3,223

10,011
9,378
132
488
33,018
18, 781
4,223

10,098
9,465
136
485
31,334
18,866
2,805

10, 080
9,454
130
485
29, 531
18,941
1,032

10,106
9,484
125
485
27, 249
17, 279
636

10,119
9,499
126
484
25,723
16,159
491

8,134

8,206

8,861

9,143

9,190

9,422

9,827

9,493

9,412

9,156

8,936

31,753
24,697
1,150
5,782

31,308
23,416
1,849
5,912

33,013
23,336
3,291
6,244

34,555
23,800
4,113
6,495

34,653
23,322
4,612
6,571

32,887
22,742
3,514
6,490

32, 093
22, 885
2,585
6,476

31,839
23,820
1,553
6,336

30, 699
23,693
773
6,127

28, 689
22,123
499
5,966

27, 223
20,861
402
5,848

5,947
5,510
435
85,028
18,556

6,039
6,018
5,552
5,563
464
474
99,714 113,418
26, 726 36,325

6,033
6,027
5,559
5, 560
472
465
113,823 106,193
38, 942 31,859

6,033
5,578
453
92,639
23,658

6,011
5,581
429
85,014
16,854

6,010
5,586
422
82, 696
13, 735

6,037
5,611
424
85,330
12, 678

65,252

71,691

75,680

78,980

84,673

73,442

72, 770

67,588

67,137

68,121

71,402

25,805
13,677
11,958

32,099
18,316
13. 591

38,825
23,635
14,981

44,312
27,964
16,178

48,116
30,581
17,296

39, 732
24,667
14,846

35, 475
21, 034
14, 219

29,251
16,429
12,635

24,812
12, 703
11,980

22, 904
10, 913
11,863

22, 778
10,353
12, 265

6,004
5,987
5,532
5,515
470
469
123,778 136,242
43, 715 50,131

« Revised.
* New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. Series on cellulose products prior to January 1933 not available.
^ Revised series. Data revised beginning with January 1932; see p. 39 of the April 1935 issue. Revisions for period January 1932 to Januarv 1934 inclusive will
be shown in a subsequent issue.
f 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 and 1935 data also revised.
Revisions not shown in the June 1935 issue and in the May 1936 issue will appear in a subsequent number. Manufactured and natural gas statistics for the years 1929-35
have been revised. Revised data on manufactured gas appeared on p. 20 of the June 1936 issue, and revised data for the natural gas on p. 19 of the August 1936 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




42

SUKVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
NovemDecein
in the 1932 Annual Supplement to the Survey October October
ber
ber

December 1930
1936

January

February

March

April

May

June

July

August

September

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
4,249
thous. of bbl__
4,097
Production
—thous. of bbl__
7,722
Stocks, end of month
thous. of bbl__
Distilled spirits:*
Consumption (tax-paid withdrawals)!*
9,724
thous. of proof gaL.
8,202
Whisky
_ _. -thous. of proof gal..
Production, total
thous. of proof gaL. 27, 625
Whisky
thous. of proof gaL. 20, 299
Stocks, end of month..thous. of proof gaL. 364, 023
Whisky
thous. of proof gaL. 352, 639
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p.
39):
Consumption (tax-paid withdrawals)*
4,074
thous. of proof gaL.

3, 790
3,735
6,496

3,366
3,221
6.204

3,104
3,219
6, 205

2, 679
3,335
6,640

2,685
2,932
6,802

3,738
4,433
7,333

3, 887
4,970
8,208

5.041
5,418
8,409

5.600
6, 061
8,633

6,670
6, 791
8,' 525

5,938
5, 771
8, 122

4,'.>v
5, 18."-:

7,807
7,076
23, 002
16, 549
195, 796
188, 423

9,045
8, 237
25,000
18,301
205, 382
197,788

8,219
7, 315
24,412
19,910
215,518
207,154

6,019
5,421
21,910
20, 340
230, 425
221, 602

6,173
5,687
19, 804
18, 838
242,830
233,797

6,203
5,531
22, 691
21,612
258, 221
248, 946

6,177
5,390
23, 251
21, 917
273, 798
264, 389

5,666
4,760
23, 373
22.158
290,739
281, 208

5,229
4,288
24, 274
22, 693
310, 793
300,653

5,823
4, 643
21! 720
19,994
325, 990
315,936

5, 200
4,279
19, 763
17,824
339,820
328,808

6, 931
5, 952
23, 698
19, 063
352, 151
341. 264

2,614

2,969

2,998

2,304

2,028

2,335

2,367

2,044

1,937

2,159

1,936

2, 7*3

148, 201

144, 921

137, 264

127, 594

122,114

123, 524

131,896

162, 006

132, 596

122,804

131,579

135.. 067

.33
135,140
47, 202

.28
119, 748
42,149

.32
96, 462
32,898

.34
105,147
35, 734

.35
108,172
42, 257

.37
106,6S8
41,211

.32
120,162
45,829

.31
130, 928

.27
178,028
56, 537

.30
185,223
69, 435

.34
152,001
54, 676

.36
139.363
44, 792

.35
131,862
44, 637

105,319

120, 210

71, 948

40,117

21, 502

8,217

5, 346

4,997

21,157

73,816

103, 259

112,106 «108, S3.'

5,675
.19
57,738
44,965
13, 386

63, 891
6,015
.17
63,580
42,114
16,836

52, 982
5,880
.18
48, 826
28,811
15, 423

46, 700
3,022
. 19
47,138
27, 341
11, 488

54, 879
3, 240
. 18
43,841
29, 455
10,416

53, 651
3,794
.17
39, 809
27,051
13,339

57, 436
5 693
.17
45,317
32, 409
15,164

62. 127
4, 217
.15
48,810
37,089
16, Mb

70,165
3,152
.15
65, 339
52,395
14, 206

76, 150
4, 257
'.17
83,132
67,101
21,191

6C, 370
5,463
.20
63, 922
53, 032
18,479

118,918
102, 869

111,731
100,670

104, 661
92, 912

99,572
86, 537

90, 890
78,197

79, 556
68,363

73,952
62, 261

67, 776
55, 756

70,783
56, 946

85, 798
70, 282

97, 403
80, 735

DAIRY PRODUCTS
Butter:
Consumption, apparent*!
thous. oflb.
Price, N. Y., wholesale (92-score)
dol. per lb._
Production (factory)!
thous. of lb_.
Receipts, 5 markets
thous. of lb_.
Stocks, cold storage, creamery, end of
month
_
thous. oflb.
Cheese:
Consumption, apparent!
thous. of lb._
Imports#
thous. oflb..
Price, no. 1 Amer. N. Y
dol. per lb_Production (factory)!
thous. oflb-.
American whole milk!
thous. of lb_.
Receipts, 5 markets
thous. oflb—
Stocks. cold storage, end of month!
thous. o f l b American whole milk!
thous. of lb—
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened)..thous. oflb—
Evaporated (unsweetened)!
thous. of lb—
Exports:
Condensed (sweetened)..thous. oflb—
Evaporated (unsweetened)
thous. of lb—
Prices, wholesale, N. Y.:
Condensed (sweetened).dol. per caseEvaporated (unsweetened)
dol. per case..
Stocks, manufacturers, end of month :
Condensed (sweetened):
Bulk goods
thous. oflb
Case goods
thous. oflb..
Evaporated (unsweetened):
Case goods
thous. of lb
Fluid milk:
Consumption in oleomargarine
thous. oflb..
Production, Minn, and St. Paul
thous. of lb—
Receipts:
Boston, incl. cream
thous. of qt—
Greater New York*
thous. of qt_.
Powdered milk:
Exports
thous. of lb—
Orders, net, new
thous. oflb..
Stocks, mfrs. end of mo
thous. of lb__

•io, '67V

53, 897
6,452
.21
57, 693
44, 451
15, 981

53, 331
5, 79f
.21
55, 389
43, 307
12. 09S
•

107, 542 ° 114, W.
90, 471 «98. 20i

18, 305

15,155

14,578

17,891

19, 833

21, 254

23, 328

22, 140

28, 864

33, 537

29, 339

19, 274

188,840

105, 710

86, 337

101, 604

118,301

112,704

144, 222

181,552

248, 258

266,199

211,299

183, 428

93

275

332

474

147

257

229

246

262

465

86

60

2U4

1,633

2,108

2,646

2,585

1,810

2,719

2,463

1,765

2,138

1, 696

1,828

2, US

2. i-'04

2l\ 44S
lS5;7k

4.85

4.85

4.85

4.85

4.85

4,85

4.85

4.85

4.85

4.85

4.85

4.85

4. 85

3.40

2.80

2.90

3. 12

3.15

3. 15

3.15

3.15

3.15

3.15

3.28

3.40

X, 4(

11,089
11, 689

5,497
14, 678

3,373
11,697

2,931
8,829

2,845
6.044

2, 329
3, 659

2,741
2,963

4,588
3,741

9, 374
8,252

14, 664
11,275

13, 654
ll!18S

251, 751

229, 065

91,250

72.916

66,094

45, 375

42, 597

61, 775

141,774

186, 359

99, (>3£

l l ! 116

6,732

6,506

6,787

6,932

7,396

7,555

6,622

6,529

5,029

5, 521

5, 2.5t*

,", 847

27,235

23, 075

22, 738

28,022

31, 578

30,919

35, 548

36, 039

41,673

42, 051

32, IK;

28, 0<J8

17, 768
109,639

17,160
105, 925

16, 210
109, 377

16, 380
111,875

15,308
104,459

15, 266
114, 536

15, 694
110, 640

17, 387
120,137

lfi, 550
114, G57

18, 14:
1 1 7 , 111C

17, 781
l if., oc,o

252
13, 559
23.166

234
13, 254
14, 580

219
12, 654
10,121

305
10, 952
9,212

236
10, 720
8,485

268
12,316
9,435

286
14,778
11, 225

352
13,837
21,252

428
«16, 4)2
32, 007

327
14, 076
30,383

•V 'A

17,38!
29, 264

VI. iOl'

;l
102, 021 "Hi" ~( *

312
16, . " 2
24. Slit1

fi. 3." 7

Tiiucn
•>' i
12 Wti
L'f., 7i,r

FRUITS AND VEGETABLES
Apples:
/167,283
Production, crop estimate
thous. of bu__ "108,031
4,740
15, 692
7,546
5,378
6,283
5,414
18,836
4,563
1 UT4
Shipments car lot! - — - - - carloads
863
2,281
7, 621
1, 373
Stocks, cold storage, end of month
9,686
8,377
8,225
11,018
5,976
10, 276
thous. of bbl...
3,769
1,783
668
«2. 4SC
8,975
11,153
14, 450
13, 260
8,911
15,016
Citrus fruit, car-lot shipments!
carloads..
14, 628
9. 522
6. 536
7. 417
13,516
13,539
11. 050
2,392
1,518
2,592
3,654
Onions, car-lot shipments!
carloads..
3,582
3,645
2,625
1,838
3,858
3,614
1,018
1,479
3, 363
Potatoes:
1.790
1.800
1.656
1.120
Price, white, N. Y
dol. per 100 lb— 2.006
1.700
2.406
1.863
1.820
2.519
3.665
2.456
1. 795
£
'387,678
332, 244
Production, crop estimate _ thous. of bu
13, 854
11,356
12,371
16, 810
24, 388
19,491
19, 560
Shipments, car lot!
carloads.. 22, 458
18, 718
18, 598
14, 425
17,114
lfi, 724
a
Revised.
§Bulk evaporated milk not included since December 1931.
« Nov. 1 estimate.
/ Dec. 1 estimate.
•New series. Beverage figures are compiledby theU. S. Treasury, Alcohol Tax Unit. Monthly data on distilled spirits available beginning July 1933 and on fermented
malt liquors, April 1933. For earlier data for receipts of milk in Greater New York see p. 20 of the August 1934 issue. 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 the December 1935 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 earler 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, see p. 39, November 1933. For 1932 and 1933 revisions on butter and cheese consum ption 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 November 1935 issue, and revisions not shown in the October 1936 issue for
1935 will appear in a subsequent issue. Forfinalrevision for 1933, car-lot shipments of apples, citrus fruits, onions, and potatoes, see p. 20, January 1935 issue, and for 1934
revisionssee p. 20 of the November 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 paid (see p. 39) equals
Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.




December 1936

43

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
NovemDecemin the 1932 Annual Supplement to the Survey October October
ber
ber

1936
January

February

March

April

j May

July

June

August !Septeinber

FOODSTUFFS AND TOBACCO—Continued
GRAIN A N D P R O D U C T S
E xports, principal grains, including flour and
3,036
mealf
thous. of bu_.
Barley:
461
Exports, including maltf
thous. of bu_Price, no. 2, Minn.:
1.29
Straight*
dol. per bu_.
Malting*
_.dol. per bu._
1.32
Production, crop estimate.--thous. of bu_. M43,916
Receipts, principal markets*-thous. of bu__
9,584
Visible supply, end of month*
17,496
thous. of bu_.
Corn:
64
Exports, including mealf
thous. of bu_»5, 462
Grindings
thous. of bu_.
Prices, wholesale:
1.12
No. 3, yellow (Kansas City)-dol. per bu._
1.10
No. 3, white (Chicago)
dol. per bu__
Production, crop estimate
thous. of bu_. •1,526,627
Receipts, principal markets—thous. of bu._
8,797
Shipments, principal markets
thous. of bu._
4,058
Visible supply, end of month*
thous. of bu_.
3,816
Oats:
75
Exports, including oatmealf.thous. of bu_.42
Price, no, 3, white (Chicago)--dol. per bu.~
Production, crop estimate..-thous. of bu_. 783, 750
3,569
Receipts, principal markets- thous of bu-~
Visible supply, end of month*
thous. of b u . . 47,819
Rice:
17, 534
Exportsf
pockets 100 lb__
Imports#
pockets 1001b._ 120,830
Price, wholesale, head, clean, New Orleans
.039
dol. per lb_.
Production, crop estimate.-..thous. of bu_. •45,141
Southern States (La., Tex., Ark., and
Tenn.):
Receipts, rough rice, at mills
2,289
thous. of bbl. (1621b.)-.
Shipments from mills (milled rice) t o t a l '
1,213
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
thous. of pockets (100 lb.)_.
2,116
Rye:
Exports, including
flour
thous. of bu_.
0
Price, no. 2, Minneapolis
dol. per b u . .
.85
Production, crop estimate
thous. of bu._ •27,095
Receipts, principal markets*.thous. of bu._
1,375
Visible supply, end of month*
thous. of bu_6,209
Wheat:
Exports:f
Wheat., including flour thous. of bu_.
2,436
Wheat only
thous. of bu._
926
Prices, wholesale:
No. 1 Dark Northern Spring, Minn.*
dol. per bu_.
No. 2 Red Winter, St. Louis
dol. per bu.1.21
No. 2 Hard Winter, K. C . d o l . per bu_1.22
Weighted average 6 markets, all grades
dol. per bu_1.29
Production, crop estimate, total
thous. of bu_. a 627, 233
Spring wheat—
thous. of bu__ *108,136
Winter wheat
thous. of bu_. =519, 097
Receipts
thous. of bu_. 15, 237
Shipments
_
..thous. of bu_.
13, 978
Stocks, visible supply, world-thous. of bu__
Canada
thous. of bu_. 143,444
United States*
thous. of b u .
76. 471
Stocks, held by mills (quarterly)
thous. of b u .
W heat flour:
Consumption (computed) f.thous. of b b l .
321
Exports t—
thous.of bbl_Grinding of wheat
thous. of b u . - 41, 770
Prices, wholesale:
7.06
Standard Patents, Minn_._dol. per b b l .
Winter, straights, Kansas City
5.57
dol. per bbl__
Production:
Flour, actual (Census)
thous. of bbl.
9,120
Flour prorated, total (Russell's)f
thous. of b b l . .
9,831
Oflal
. . t h o u s . of lb- 749,121
Operations, percent of total capacity
54
Stocks, total, end of month (computed)
thous. of bbl
Held b y mills (quarterly)__thous of bbl

2,601

2,481

2,144

1,683

2,156

1,842

1,138

872

1,240

823

359

573

323

.61
.65

.56
.62

.67
.69

.66
.71

.66
.69

.68
.71

2,777

2,530

2,733

2,087

704

523

.64
.67

.64
.70

.87
.92

3,442

4,844

1,614

1, 006

1.22
1.24

1.30
1.28

9,923

7,827

.59
.66
282,226
4,809

6.142

3, 826

7,845

5,966

5,565

5,893

5,992

16, 583

9,683

16,087

16, 571

15,474

15,124

13,443

12, 978

11, 894

11,241

9,578

7,017

12,136

15, 291

46
6,232

42
5,894

32
6,128

48
6,356

52
6,113

219
5,386

106
«6, 502

82
6,898

30
6,778

.62
.64

.62

.67
.62

34
6,209
.63
.64

109
6,242

.81
.85

70
7,088
.63
.58

.62
.67

.62
.71

.94
1.01

1.15
1.24

1.12
1.27

14,466

13, 640

IS, 003

17, 497

16, 227

24, 215

17, 614

15, 569

9,213

8,133

7,494

7,750

8,508

11, 320

15,194

11,926

7,711

4,375

7,955

8,673

6,511

7,743

4,908

4,787

4, 336

62
.28

81
.27

425
.28

59
.37

89
.44

68
.44

4,991

9,544

.61
.56
(')
2,291,629
18,879
18, 729

0)

3,812

7,256

2,481

4,884

7,685

6,802

5,008

105
.30

83
.29

77
.29

70
.30

80
.30

12,089

6,201

4,489

5,652

5,866

6,200

16, 803

15, 205

4,007

40,213 | 37,648

35, 493

39, 253

51, 715

50, 452

890
>,339

6,124
104,099

1, 32.5
121, 670

4,450 I S, 768

45,863

46, 637

42,012

41,123

31, 282

31,394

148,651
21,932

342, 068
19, 769

90, 247
25, 040

51,059
27,839

29,792
73,986

6,986
79, 589

4,241
60, 932

9,823
76,870

713
97, 490

.040

.040

.040
/ 38,132

.039

.039

.039

.040

.042

.043

2,402

1,816

657

845

483

232

161

129

60

538

1,019

1,070

979

788

529

318

1,224

.043

1,375

287

331

754

321 1
0 !j

962

2,978

3,136

3,044

2,554

1,855

1,244

863

609

342

0
.52

2
.49

0
.49
/58,928
1,169

1
.53

0
.57

0
.52

0
.50

0

3

,52

.58

0
.75

"""763"

"I," 324'

"""976"

8,412

7,642

7,555

7,176

"2,"297"
9,660
1,489
14

9,022

'" I-422"

6,869

6,379

.87

~1,"636"

"1,-546"

6,080

6, 674

I, 658
C, 376

1,132
34

1,202
13

1,192
28

1,425
30

1,423
16

1,534
34

1,382
26

1,389
26

1,657
222

1.34

1.28

1.28

1.33

1.31

1.24

1.23

1.14

1.24

1.36

1.47

1.10
1.19

1.05
1.13

1.06
1.11

1.09
1.13

1.09
1.10

1.08
1.06

1.07
1.02

1.02
.95

.95
.96

1.06
1. 11

1.17
1.22

1.00

1.07

1.07

.98

.95

.90

1.10

1.27

27,883
14,695
443,400
259,869
82,406

14,501
12,403
436, 690
257,424
80,371

10, 703
314
45,664

10,373
335

/623,444
'159,241
'464,203
5,474
9.277
7,417
9,943
11,103
7,964
6,782
9,289
7,745
7,181
12,970
484,010 468,910 427, 650 380,190 335, 340 284,970
259,928 243,631 223,725 206,823 189,250 160,107
74, 730 68,010 58,164 49, 537 41, 482 32,073
139, 774

8.48
7.19
9,897

38, 254

7,923
234
33,123
8.21

8.15
6.84

40,042
7.19

7,175

6.09

9,022
248
38,987
6.99

9,035
297
38,273

8,090
299

6.92

36, 453

35,328

36, 637

6.45

6.07

6.28

5.24

4.80

4.73

5.56

5.42

8,401

8,252

8,009
319

2,415
487

1. 19
1.22

14, 819 84, 222 29,495
10,621
12, 363 27, 210 18, 214 10, 658
244,020 275,131 293, 970 315,760
140, 346 116,409 113, 276 149,908
25,125
72, 783 84,764 81,912
62, 642

86,097
9,386
253

0

.83

1,602
30

1.07

.042

304

20!

1,099

"1,061

.403

7,694
289

153, 521
10, 064
290
43, 660
6.78
5.23
9,416

11, 250
305
42,087
7.21 |
5.64

410
"40, 055
6.96
5.67
«8, 708

9,148
8,274
8,644
7,845
7,840
11,116
8,349
8.975
9,070
8,149
10, 244
1,652
°9,182
8,300
595,
761
650,921
9,802
9,386 709,574 694,897
821, 200
8,235
675,914 793, 510 758,322 |< 723, 978
46
48
56
|
58
48
728, 216
59 692,087
51 665, 223
56
56
53
5,592
53
4,950
5,600
4,950
5,600
5,200
5, 500
48
5,600
«6, 500
4,222
4,068
4,600
5,400
4,255
5,100
4,677
"Revised.
• Nov. 1 estimate.
/ Dec. 1 estimate.
1 No quotation.
« Brewer's rice not included.
•New series. For earlier data, see p. 20 of the November 1932 issue, rye and barley receipts and rye stocks; and p. 20 of the June 1935 issue, wholesale price of wheat,
No. 1 Dark Northern Spring, Minneapolis. 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.
fData revised. For revisions of wTheat 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 the December 1935 issue.
•Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
#fiee 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 the December 1935 issue.

p Includes domestic shipments only. Corn ground for export will be reported at the end of each quarter.



44

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
Decemin the 1932 Annual Supplement to the Survey October October November
ber

December 1936
1936

January

February

March

April

May

June

July

August

September

FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS
Total meats:
Consumption, apparentA
mills, of lb_.
Production (inspected slaughter) A
1,210
mills, of l b . .
Stocks, cold storage, end of month, totalA
635
mills, of lb_.
77
Miscellaneous meats
mills, of lb__
Cattle and beef:
Beef and veal:
Consumption, apparentA--thous. of lb__
1,536
Exportsf
thous. of Ib__
Price, wholesale:
Beef, fresh native steers, Chicago
.150
dol. per l b . .
Production (inspected slaughter) A
thous. of l b . . 595,095
Stocks, cold storage, end of month A
thous. of l b . . 104, 680
Cattle and calves:
Movement, primary markets:*
2,439
Receipts
thous. of animals..
1,368
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather
and leather products.)
1,060
Shipments, total
thous. of animals..
516
Stocker and feeder.thous. of animals..
Price, wholesale, cattle, corn-fed, Chi9.91
cago
dol. per 100 lb__
Hogs and products:
Hogs:
Movement, primary markets:•
2,613
Receipts
thous. of animals..
1,782
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather
and leather products.)
830
Shipments, total..-thous. of animals..
62
Stocker and feeder.thous. of animals..
10.
00
Price, heavy, Chicago..-dol. per 100 l b . .
Pork, including lard:
Consumption, apparentA--thous. of lb._
Exports totalf
thous. of l b . . "" 14," 784
Lardf.
thous. of Ib_. 10,454
Prices:
. 225
Hams, smoked, Chicago.-dol. per l b .
Lard:
.
117
Prime contract, N . Y . . . d o l . per lb._
.125
Refined, Chicago*
dol. p e r l b . .
Production, inspected slaughter, totalA
thous. of lb__ 546, 907
LardA
thous. of Ib_. 80, 568
Stocks, cold storage, end of mo.
thous. of l b . . 446,755
Fresh and curedA
thous. of l b . . 352, 260
94, 495
LardA
thous. of lb
Sheep and lambs:
Lamb and mutton:
Consumption, apparentA--thous. of lb_.
Production, inspected slaughterA
thous. of l b . . 67,654
Stocks, cold storage, end of mo.
5,925
thous. of l b . .
Movement, primary markets:*
2,871
Receipts
thous. of animals..
1,191
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather and
leather products.)
1,723
Shipments, total
thous. of animals..
721
Stocker and feeder.thous. of animals..
Prices, wholesale:
3.49
Ewes, Chicago
dol. per 1001b..
8.50
Lambs, Chicago
dol. per 1001b..
Poultry and eggs:
Eggs:
652
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of month:
3,790
Case
thous. of cases..
Frozen
thous. of l b . . 82,011
Poultry:
Receipts, 5 markets
thous. of l b - 34, 434
Stocks, cold storage, end of mo.
thous. of lb_. 105,078
TEOPICAL PRODUCTS

1,015

915

914

1,009

844

942

961

957

1,036

1,040

1,001

1,075

992

958

1,023

1,144

847

937

960

949

1,033

1,066

997

1,029

402
53

448
63

563
74

698
79

689
70

675
67

669
61

650
57

641
57

665
62

671
73

625
75

546, 738
1,013

473, 094
1,041

464,311
604

493, 972
728

426,553
787

439, 651
1,218

485,136
1,032

474,888
1,426

501, 898
1,110

523, 582
1,302

528,398
1,790

558,678
1,483

169

.166

.178

.180

.171

.151

.149

.134

.138

1.4

.145

559, 057

492, 498

472,484

484, 406

402,142

425,199

459,149

453,127

485, 518

518, 400

542, 249

571, 787

65, 464

91,164

106, 210

104,447

86, 928

79, 509

65,011

51,134

41, 222

42, 914

64, 255

« 82, 806

2,545
1,351

2,037
1,340

1,809
1,143

1,793
1,158

1,416
942

1, 625
1,046

1,673
1,094

1,522
1,002

1,764
1,137

1,881
1,179

2,216
1,322

2,264
1,339

1,198
629

911
445

650
242

623
196

462
116

556
190

573
195

511
163

610
167

697
240

848
319

928
380

11.41

11.36

12.21

12.11

10.61

10.31

9.21

8.61

8.51

8.70

9.00

9.52

1, 652
1,182

1,671
1,149

2,036
1,428

2, 532
1,774

1,817
1,188

2,045
1,372

1,875
1,322

1,759
1,276

1,864
1,348

1,915
1,347

1,747
1, 166

1,939
1,263

463
25
10.19

526
24
9.42

606
36
9.51

745
38
9.73

628
26
10.33

666
33
10.10

550
38
10.55

482
32
9.48

512
36
10.05

562
57
10.11

572
91
10.82

673
94
10.25

398,480
7,425
2,731

386,505
14,872
7,932

395,269
12,832
7,853

450,560
14, 929
10,117

362,070
11, 268
7,514

443,486
16, 403
11,461

423,876
14,118
9,489

434,683
18,495
10, 837

486, 492
18, 880
11, 090

467,178
16,811
7,481

422,125
12, 224
6,045

455,960
12,083
7,856

.133

.260

.267

.273

.263

.243

.235

.239

.238

.240

.252

.256

.246

.151
.164

.138
.144

.117
.134

.109
.120

.112
.118

.111
.118

.113
.120

.104
.113

.103
.113

.110
.119

.122
.129

. 118
.126

363,102
47, 758

409,862
58,072

495, 250
74, 002

595, 065
96, 392

390,346
66,464

453, 787
75,518

449,029
77, 024

449,173
80, 534

499, 066
87, 288

497, 956
82, 952

403,198
64,362

396, 371
59, 627

281,365
240,663
40, 702

291,115
253, 209
37,906

379,495
326, 777
52,718

511,711
436,042
75, 669

530,143
451, 418
78, 725

526, 963
450,149
76,814

541, 017
457, 402
83,615

540, 274
440, 618
99, 656

541, 904
435,130
106, 774

558, 987
441,961
117, 026

531, 409 «463, 404
420, 848 a361, 608
110,561 "101, 796

69,367

54,965

54,837

64,298

55,016

58,477

52,394

47,205

48,107

49,457

50,815

69,083

55,702

55,235

64,140

54,829

58,285

51,871

46, 721

47,971

49, 833

52,001

1,968

2,661

3,025

2,824

2,563

2,334

1,785

1,282

1,122

1,478

2,634

3,055
1,225

1,732
927

1,588
966

1,862
1,127

1,632
949

1,701
1,023

1,798
990

1,944
889

1,859
961

2,022
1,006

2,287
1,011

2,766
1,126

1,860
886

822
335

620
112

732
94

690
59

666
66

800
112

1,063
183

873
108

1,014
152

1,271
343

1,597
480

3.59
9.00

4.11
9.81

4.35
10.80

4.50
10.25

4.34
9.97

4.62
9.66

4.81
10.75

4.56
10.97

10.38

3.31
8.86

3.36
8.91

0)

0)

9.06

60, 894
a

3 , 374

704

641

784

889

811

1,798

2,022

2,088

1,727

1,247

981

782

4,644
88,018

2,738
79,035

964

69,546

159
59,722

13
46,367

807
45,848

3,039
69,172

5,707
94,014

7,058
111,725

7,335
115, 485

7,006
108, 614

5,817
• 96, 660

28,332

62,486

56,321

21,433

15,654

15,098

15,122

18,979

22,740

22,683

26,400

27, 580

53,156

86,098

107,389

103,833

85,792

69,494

49,324

41,926

43,050

49, 220

65,488

« 82,096

Cocoa:
32,601
28,549
7,174
9,696
15, 570
19,388
31,206
18,129
22,816
19,005
24,357
30,508
Imports!
long tons.. 23,012
.0550
.0641
.0558
.0667
.0510
.0517
.0535
.0536
.0533
.0501
.0617
.0750
Price, spot, Accra, N. Y
dol. perlb..
Shipments, Gold Coast and Nigeria
39, 786
40,114
17,025
11,063
14,331
20, 795
20,158
17,241
23, 345
54,930
59,819
61, 247
long tons.. 28, 074
a
Revised.
AGovernment slaughter not included; for months June 1934-February 1935 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 the December 1935 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 the December 1935 issue.
•New series. See p. 18 of January 1934 issue.
•Included animals purchased for Federal Relief Corporation for the months of October 1934-February 1935 inclusive.
iNo quotation.




December 1936
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

45

SURVEY OF CURRENT BUSINESS
1936

1936

1935

October October

N (

^ - December

January

February

March

April

May

June

July

SepAugust tember

FOODSTUFFS AND TOBACCO—Continued
TROPICAL PRODUCTS-Continued
Coffee:
Clearances from Brazil, total
1,192
thous. of bags..
642
To United States
thous. of bags..
Imports into United States#
920
thous. of bags..
.081
Price, Rio No. 7, N. Y
_dol. per lb__
1,124
Receipts at ports, Brazil._ .thous. of bags..
Stocks, world total, incl., interior of Brazil
thous. of bags..
0)
Visible supply, total excl. interior of
7,905
Brazil...
.thous. of bags..
862
United States
thous. of bags..
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
844
thous. of long tons..
United States:
Meltings, 8 portsf
-long tons.. 260, 661
Price, wholesale, 96° centrifugal, New
.034
York
dol. per lb..
Receipts:
From Hawaii and Puerto Rico
long tons.. 70, 839
Importsf#
-long tons.. 82, 527
Stocks at refineries, end of mo.f
long tons.. 273, 200
Refined sugar:
7,198
Exports, including maplef
long tons..
.054
Price, retail, gran., N. Y
dol. per lb_.
.046
Price, wholesale, gran., N. Y.dol. per lb..
Receipts:
From Hawaii and Puerto Rico*
long tons..
3,872
Imports:
Cuba* A
long tons.. 12, 735
1,121
Philippine Islands*
long tons..
Shipments, 2 portsf
long tons..
Stocks, end of month, 2 ports f. long tons..
Tea:
Imports*?
-thous. of lb..
Price, wholesale, Formosa, fine, N. Y.
dol. perlb..
MISCELLANEOUS PRODUCTS
Candy sales by manufacturers.thous. of dol.. 31, 163
Fish:
Landings, fresh fish, principal ports
thous. of lb..
Salmon, canned, shipments
cases..
Stocks, total, cold storage, 15th of monthf
thous. of lb_.
TOBACCO

1, 651
879

1, 420
779

1,474
824

1, 563
954

1, 237
068
1, 651

1 086 1
066
1, 472

1,299
.065
1,539

1,248
.066
1,409

1,360
854
1,575
.068
1,496

0)

(0

7,832
832

7,846
1,010

27, 765
7 794
941

979
313,903
.036
73, 641
82,044

28 738
7,669
817

912

29,548
7,844

775

240,378

241,580

.035

.031

69, 960
54,844

.033

1,108 |

4,375
.056
.052

1,094
549

1,150
511

437

1,450
.065
1,444

1,138
.063
1,027

879
.066
1,009

940
.070
947

30, 650

29,606

8,116
1,056

0)

8,128 i 8,108
995 |

25,982
8,111
1,015

1,991 2,092

1,886

1,566

331, 296 419, 096 460,316

326,152

406,144

.034

67, 731 90, 223 144,017
38,864 246, 005 315,164

370,639 1 310,543 211,023
14,485
10,308
.056
.057
.052 ! .052

755
321, £

1,201
692

178,170

228,493

4,867
.053
.052

1,895
.053
.052

.036

.038

.037

.037

1,097

1, 174
669

1,090
603

901
.078
1,115

904
.082
1,016

970
.081
1,238

0)

(0

C1)

8,030
903

7,884
889

7, 754
953

1,375

1, 209

1,009

371, 268 307, 639 277, 352
.037

.037

.036

197, 386 176,391
279,852 325,379

171,070
274,287

158,756 146,418 111,968 128,439
305, 937 268, 453 103, 264 217, 897

240, 659 301,105

401, 669

402,960

450,122

3,545
.054

4,968
.055
.047

4,391
.053
.048

3,710
.053
.049

3,981
.053
.049

390, 794 323, 843
5, 971
.055
.047

5,647
.054
.047

1,534

1,402

5,508

15,021

14, 213

17,924

15,919

16, 445

11,016

2,189

4,896

8
0
40,943
9,951

2,298
0
34,026
15,842

636
693
30,636
9,352

26,987
0
57,640
13,340

28, 707
2,902
58, 820
13, 203

42,877
9,371
65,722
11,080

37,988
14, 501
43,725
19,816

41, 628
4,602

37, 503
2,661

30, 251
5,668

17,615
2,108

21, 539
2,393

9,326

7,867

8,378

6,067

5,915

8,159

6,776

5,449

5,172

5,996

6,312

9,036

.275

.275

.275

.275

.275

.275

.275

.275

.275

.275

.275

.275

26,187

27,030

26,170

22,584

23,192

22,123

21,399

17, 703

20, 638

12, 064

17, 603

30,033

42, 793 33,368
462,745 471,448

26,437
359,188

70,156

Leaf:
66, 238
Exportsf.
_
thous. of l b . .
8,470
6,129
Imports, unmanufactured??.,.thous. o f l b . .
Production, crop estimate
thous. of lb_. 1,162,637
Stocks, total, including imported types
(quarterly)
.mills oflb..
Flue-cured, fire-cured, and air-cured
mills, o f l b . .
Cigar t y p e s . .
mills, of lb_.
Manufactured products:
Consumption (tax-paid withdrawals):
12,711
13, 204
Small cigarettes..
..millions..
Large cigars
t h o u s a n d s - 551,114 524,399
Manufactured tobacco and snuff
31,916
32, 046
thous. of l b . .
Exports, cigarettes
thousands.. 297, 358 324, 298
Prices, wholesale:
5.380
5.380
Cigarettes..
dol. per 1,000..
45.996
Cigars
dol. per 1.000.. 45.996

225

20,120 20,016
490, 638 436,976

39, 029 42,560
494, 790 273,242

45, 563 44,351
45, 390 42, 812
43,355
514, 664 325, 882 565, 701 1,195,502 1,747,920

76, 503

75, 056

64,031

45,129

31, 270

26,102

34,141

46, 241

62, 578

76, 098

84, 695

67, 793
4,843

42,060
3,781

41,929
8,430

35,137
5,726

13,877
4,553

24,235
5,883

18,485
4,120

20, 477
5,815

20,887
5,793

26, 946
5, 677

48,167
6,231

1,296,810

10,801
457,299

2,373

2,421

«2,175

2,142

1,949
344

1,949
375

1, 717
"372

1,728
340

9,841
312,974

12, 725 10, 766 11,193
336,579 356, 624 377,167

26, 687 23,096
29,490 27, 919 30,315
393,886 337, 227 385, 525 320, 394 351,679
5.380
45. 996

5.380
45.996

5.380
45.996

5.380
45. 996

5.380
45.996

11,869
411,606

12,025
419,369

14,009
14, 801 13, 430 14, 342
452, 312 482,448 445, 976 489, 293

29, 254 28,100 29,474
428,572 398, 683 366,128
5.380
45. 996

5.380
45.996

5. 380
45. 996

31,326
380,153
5. 380
45. 996

26, 756 30,096
452, 731 371,146
5. 380 5.380
45. 996 45. 996

FUELS AND BYPRODUCTS
1

COAL
Anthracite:
87
141
120
188
118
80
101
Exports
thous. of long tons..
189
100
91
96
Prices:
Retail, composite, chestnut^
12.96
12.83
12 95
dol. per short ton
12 43
Wholesale, composite, chestnut t
9.969
10. 065
9.981
10.015
dol. per short ton..
10.045
10. 001
9.707
9.283
9.327
9.452
9. 564
9.721
5,203
6,461
4,279
3,160
Productionf
thous. of short tons..
4,620
2,730
4,577
4,336
3,948
3,666
3, 223
3,764
4,865
5,934
3,681
2,868
4,116
2,429
4,274
4,217
Shipmentsf
thous. of short tons..
3,516
3,345
2,917
3,440
a
Revised.
* Data not available.
• Nov. 1 estimate.
/ Dec. 1 estimate.
fRevised 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
p. 20 of the September 1934 issue. For 1934 revisions see p. 19 of the December 1935 issue. 1932finalrevision of anthracite production, p. 42, January 1934. Anthracite
shipments for 1932, p. 42, December 1933. 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. 18 of the October 1935 issue. The 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 the December 1935 issue. Revisions on
1935 cold-storage holdings of fish not shown in the October 1935 issue will appear in a subsequent issue.
{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 in the February 1935 issue.
•New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to
May 1934 on imports of refined sugar from the Philippine Islands are not available.
^Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price is reported quarterly.
v Preliminary




46
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

SURVEY OF CURRENT BUSINESS
1936
October October

1935

Novern-, D p - , „

December 1936
1936

Febru- ; March j A p d ,

May

June

i July

| August

FUELS AND BYPRODUCTS—Continued
COAL—Continued
Anthracite—Continued.
Stocks in storage: *
2,244
853
2,239
528
2,473
1,240 , 1,556
1,911 ! 1,217 |
45S !
: 992
2,347
Total
_thous. of short tons..
i
!
Stocks, in yards of dealers, end of month
62
"7 '.
62
64
19
77
59 '
67
35 !
23 i
31
no. of days' supply38
Bituminous:
Consumption:
4,649
4,539
5, 042 \ 4, 990 I 4, 764 : 4, 862
5,133 I 5, 542 5,472 : 5,509
6,223
Coke plants
thous. of short tons..
752 :
760
Electric power plantst
3,022
3,143
3,391
3,437
3,322
3,365
3,895
2,955
3,453 i
2,859 I
3,767
3,868 i « 3, 846
thous. of short tons._
5,231
b, 617
5,449
5, 708 I
5,364
5,192
4,888
6,078 j
6,307
6,333 !
6,147
Railroads
thous. of short tons..
88
161
91
79 |
101 '
164
116
122
96 I
87
134 :
134
124
Vessels, bunker
thous. of long tons..
462
902
1,103
457
308 ;
914
323 :
321
1,035
1,201
Exports
thous. of long tons..
3.174 ;
954
789
Price, retail composite, 38 cities!
8.57
8.58 -,
5.13
dol. per short ton..
8.41
Prices, wholesale:
4.336
4.289
4.337
4. 320 ! 4.359
4. 347 i 4. 303
4. 224
4.289 ! 4.227
4. 229
Composite, mine run.dol. per short t o n 4.324
Prepared sizes (composite)
4.451
4.508
4.302
4.528 ; 4.547
4.6SS : 4.612
4.340
4.557
4.303 I 4.S46
4.428
dol. per short ton..
4.49S
33,404
35,388 ; 39,330
41,375 : 31,233
30,318
29,300 j 32,054
33,240
37,200
Production!
thous. of short tons.. v 42,935 37,768
28,541
Stocks, consumers, and retail dealers, end
28, 073
39r 553
1,911 i 37,017 i 33,052 | 29,542
25,083
26,596
32,071 ] 34,575
28,753 i 30,126
of month
thous. of short tons..
COKE
44
34
24
54
20
32 |
62 '
43
58
66
69 :
P7
Exports
thous. of long tons..
C-7
Price, furnace, Connellsville
3.58
3.58
3.58 !
3.64
3.58
3.61 !
3.58
3 58 i 3.88
3.55
dol. per short t o n . .
Production:
84
153
109 1
89
100
142
119 I
93 !
237
164
111
Beehivef.
.thous. of short tons..
128
3,257
3, 309 ! 3,141
3,112
3r466
4,071
Byproduct!
thous. of short tons..
5,866 • 3,831
3,048
3,753
3,364 '
3.695 '• 3.718
105
120
!
108
109
123
Petroleum
thous. of short tons..
121
j
119
113
120
108
106 |
122 '
Stocks, end of month:
1,444
3,026 ' 2, 780 j 2,110 ! 1,274
2,975
1,695
1,702
1,886
1,986 \
2,034
1,816
Byproduct plants
thous. of short tons..
334
427
382
360 !
389 !
367
409 '
399
Petroleum, refinery--thous. of short tons..
423
382
408 I
PETROLEUM AND PRODUCTS
i
Crude petroleum:
85,132
81,523
85. 286
84,545
84,992
83,180
90, 637
85, 776
93,444
89,003
92, 709
90, 872
Consumption (run to stills)_thous. of bbl__
2,758
2,183
2,864
3,161 i 2,256 '
2,815
2,128
2,661
2,871
2,872 | 2,591
Imports!
thous. of bbl—
2,956
2,629
1.040
1.040
1.040
.940
.940
1.015
.940
1.040
1.040 :
1.040
1.040
1.040
Price, Kansas-Oklahoma
dol. per bbl.. 1.040
82,120
88,711 i 8 8 , 8 2 0 '••
88,160
86, 476
90, 568
90,479
93, 739
95,090
90, 972
90,185 ' 92, 078
Productionf§
thous. of b b l . .
73 !
76 '
73
73
75
76
74 i
80
80 !
81
SO
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel oilj
59,388
60,075
63, 341
63, 729 63, 792
61, 227 | 62,802 i 63, 536
thous. of b b l . .
64,825 • 64,564
63,717 ' 64,382
35,591
37,646
39,856 •• 39,338 38, 878
38,944 i 40,640 i 40,275
35,476 ! 34,123
Light crude§
thous. of bbl..
37,856 i 36,781
274,568 270,906 268,781 i 265,195 i 263,436 266,092 5 268,560 268, 650 265,554 S 262,013 258, 685 253,969
East of California, totalt§.thous. of b b l . .
51,751
50,495 * 49,089 |
" 47, G86 51,741 i 53,053
51,691
50, 469
53, 989
53,628 ! 53,221
RefineriesfS
thous. of b b l . .
Tank farms and pipe linesf§
222,817 220,411 "219,692 216,406 215, 750 214.351 i 215,507 214,661 211,926 j 208,792 206,994 ! 203,500
thous. of b b l . .
1,243
995
1,654 i
1,566 ' 1,661
1,318
Wells completed!}
number..
1,287 ! 1,557 1,567
1, 149 ; 1,199
2,788
3efined products:
Gas and fuel oils:
Consumption:
1,093 !
1,102
1,132
1,166
975
995 ! 1,014
1,124
Electric power plantst-.thous. of bbl..
1,260
1,156
1,228
• "1,313 <: ° 1,275
3,682
3,898
3, 773 ! 3,827 s
3,795 i
3,878
3,810 | 3,864
Railroads.
_
thous. of bbl..
3,811
4 v 006
4,058 i
.:
2,740
2,329
2,400 | 2, 590 ! 2, 690
3,005
2,643
3,184
Vessels, bunker
thous. of b b L . ~2~724
2,992
3,193
2, 897 i 3, 248
Price, fuel oil, Oklahoma, 24-26 refineries
.800
.700
.713
.800
.800
.725 !
dol. per bbl..
.800
.750
.785
.763
.750
t 750 •
Production:
23,667 I 23,062
22,652 I 23, 278
25,005 | 24,573
23, 925
23, 751
Residual fuel o\l*t§
thous. of b b l . .
23,144
22,499
23,287 ! 23,154
Gas, oil and distillate fuels*t§
8,598 I 9,885 | 10,587
10,169
11,125 ,! 10,262 I 9,553
9,567 ! 10.. 323
thous. of bbl_.
30,627 ] 10,095
Stocks:
|
I
Residual fuel oil, east of California*f§
18, 293
26,265
thous. of bbl_.
18, 506 ! 19, 525
20, 379 j 20,1S2
25,509 l 22,827 I 20,281 j 18,027 \ 17,529 ; 16,996
Gas, oil and distillate fuels, total* §
24, 299
15,746 , 17,031
19,910
thous. of bbl..
22,475 • 24,814
27,645 ) 27,871
23, 263 | 19,930 ! 17,418 | 15,322
Gasoline:
35,871 ; 38,825
41,401
35,956 I 33,734 • 32,553 I 27,216
42, 007
Consumption!}
thous. of bbl_.
46,081 1 44,34fi
44.630 ! 46,638
2,195
2,760 I 2,946 <
Exports*
thous. of b b L .
2,368
1,902
2,029 i 2.216
1,755 ' 2,167
2,308 ' 1,435
1,404 ' 2,140
Exports, value. (See Foreign trade.)
Price, wholesale:
.165
.173
.173
.154 ;
.166 i
.165
.165
.165
Drums, delivered, N . Y..dol. per gal_.
. 150
.150
.150
.165 ,
.155
.060
.056
.056
.056 |
• 060 ' .061
.060
Refinery, Oklahoma
del. per gal..
.060
. 056
. 059
.055
.060 i
.060
Price, retail, service station, 50 cities
.137
.142 : .142
.135
.137 I
.139
.143
dol. per gal..
.143
.143
Production:
I
3,574
3,598 . 3,654 I
3,
37S
At natural gas plants|§-thous. of bbl.-i
3,
265
3, 275
3,217 • 3,355 i 3,507 ; 3,584
3, 653 i 3,196
38, 764
39, 902
41, 956
At refineriesf§
thous. of bbl.. i
40,260 j 40,667
41,612 ! 43.500
44, 56£
44,024
39,544 I 37,176
41, 951
Retail distribution (41 States)!
i
a
833
1,102 '1,021
973;
1,091
1,148
mills, of gal.. I
JS372 !.
« 1,210
1,324 • 1,406
1,239
8tocks, end of month:
I
2,442
1,945
2,172
2,641
1,645 ! 1,743 j 1,833
At natural gas plants§...thous. of bbl.. i
2,921
2,753 ' 2.120
2,973
2,946
28,043
At refineriesf§
thous. of bbl_.|
31,328 ! 36,158 ; 44,612
45,799
27, 280
44.361
39,050
35,062 I 33,43:
31,239
42, 527
a
Revised.
b
Figures revised to reflect transfers between pipeline and refinery stocks beginning December 1935.
f Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of bituminous coal by electric power plants lor 1932, p. 42.
May 1933; for 1933, p. 42, May 1934. Data also revised for 1934 and 1935. Revisions not shown on p. 43 of the June 1935 issue and p. 46 of the May 1936 issue will appear
in a subsequent issue. 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. For 1935 revisions see p. 46 of the March 1936 issue. Beehive and byproduct coke for 1932, p. 43 of the Dec. 1933 issue,
and for 1933 revisions see p. 43, July 1934. Data for 1934 and 1935 also revised; revisions not shown in the July 1935 and tbe August 1936 issues 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 1933 revisions, p. 43, May 1934. Data also revised for 1934. Revisions for months Dot shown for 1934 on p. 44 of the June 1935 issue will appear in a subsequent issue. Data revised for 1935; see p. 46 of the May 1936 issue. Production of
residual fuel oils and ?as 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 for 1932, p. 56, November 1933; retail distribution of gasoline in 41 States for 1932, p. 43, May 1933; for 1933, p. 43, May 1934.
#See footnote on p. 37 of this issue. Imports also revised for 1933, see p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of the December 1935 issue
§Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue.
•Data revised for 1933, see p. 20 of the September 1934 issue; or 1934 revisions see p. 19 of the December 1935 issue.
*New series. For earlier data see p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas 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
anthracite stocks were included which had not been covered in previous reports.
A Beginning with August 1934J certain
<
 p Preliminary.



December 1936

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1936
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

1935

1936
January

February

March

April j May

June

July

August !'

FUELS AND BYPRODUCTS—Continued
PETROLEUM AND P R O D U C T S Continued
Refined products—Continued.
Kerosene:
Consumptionf }
thous. of bbl.
Exports
thous. of bbl.
Price, 150° water white, refinery, Pa.
dol. per gal.
Production!
thous. of bbl.
Stocks, end of month §
thous. of bbl.
Lubricating oil:
Consumptiont§
thous. of bbl.
Price, cylinder oil, refinery, Pa.
dol. per gal.
Production^
thous. of bbl.
Stocks, refinery, end of month §
thous. of b ^ Other products:
Asphalt:
Imports#
thous, of short tons.
ProductionfS
thous. of short tons.
Stocks, refinery, end of month
thous. of short tons.
Coke. (See Coke.)
Wax:
Production
thous. of lb.
Stocks, refinery, end of mo§
thous. of lb.

565
.050

4,520
370

4,724
585

5,081
497

5,569
473

4,785
455

4,098
435

3,914
512

4,035
380

.049
4,978
9,318

.049
4,878
8, 879

.050
4,624
7,915

.051
4,761
6, 599

.055
4,445
5,784

.055
4,741
5,974

.056
4,953
6,496

1,820

1,576

1,433

1,396

1,520

1,863 |

2,197

.120
2,463

.120
2,453

.120
2,484

.120
2,309

.126
2,204

.135
2,515

.139
2,687

6,612

6,857

7,025

7,127

7,385

7,137 |

7,044

6,884

351

12
248

3 i
203 I

1
198

1
179

1
261

1
319

3
407

426

1
491

341

377

405

461

463 j

526

520

546

4S8

389

39,200

41,720

124,557

120, 398

40,320

44, 800

114,675 I 118,636

36,120 | 42,280 1 39,480

.056
4,626
6,681

3,075
3. 019
664
474
.055 i .052
4,376 I 4.455
7,296 i 8,228

.049
4, 297
8,690

2,028

1,969 : 2,123

1,851

. 149
2, 768

.154
2,509

2, 626

. 155
2,668

0,620 !

6,730

40, 320

38, 920

118,312 | 119,684 j 121,857 121,416

117,362

3,218
607
4,428

34. 720 j 35,000 j 48. 440
118,257 | 116, €

LEATHER AND PRODUCTS
HIDES AND SKINS
25, 216
2/, 152
28, 264
26, 255
28,116
28,963
27, 786
25,373
23,013
22.442
Imports, total hides and skinsf#-thous. of lb._ 20,617
27.690 ! 26,050
1,571
2,236
1,960
2,291
2,390
2,035
2,336
l',434 I 2,015
1,354
1,215
1,068
3,907
Calf and kip skins
thous. of l b . .
7,325
12, 670
11,631
11,153
12,768
13,498
10, 296
13,145 \ 10,869
12,004
fc, 42< j
13,063
12, 613
Cattle hides
- .thous. of lb .
6,042
8,292
7,911
5,574
6,492
8,506
6,299
5,573
5,690 |
6,452
5,593
Goatskins
thous. of lb—
5,024
6,18-3
5,827
2,685
3,872
3,499
3,265
2,549
5,989 ! 4,792
3,521
4,668
4,809
4, 3 M
Sheep and lamb skins.
thous. of lb_. 4,077
Livestock, inspected slaughter:
r r •:
585
531
480
481
465
405
503
517 i
523
541
483
525
CalvesA
- - - thous. of animals
892
812
742
1,124
906
786
763
1,083
956
853
928
1,012
1,071
CattleA
thous. of animals..
2,874
3,428
2,559
3,492
2,422
2,617
2,135
2,579
2,319
2.759 '
2,692
2,254
Hogs
.
thous. of animals
2, 40S
1,742
1,540
1,314
1,374
1, 267
1,765
1,407
1,369
1,213
1,309 ( 1,352
1,395
1, 'f'K>
SheepA
thous. of animals..
Prices, wholesale:
Packers, heavy native steers, Chicago
.149
.154
.157
.148
.150
.146
.123
.125 i .124
.130
.130
.131
. 147
dol. per l b . .
Calfskins, packer's 8 to 15 lbs., Chicago
.177
.176
.181
.175
.191
.180
.171
.177 ; .170
.174
.181
.188
. 172
dol. per l b . .
Exports:
LATHEE
510
333
226
146
210
368
110 ;
241
144
310
410
300
:~(
Sole leather
_
-thous. of lb._
8,563
5,121
5,284
5,234
5,107
5,044
5,566
6,116
8,571
4,180 j 4,846
4, 787
Upper leatherf*
thous. of sq. ft..
rrouuci/ion.
1,092
1,195
1,002
960
1,046
1,253
1,051
998
1,199 ' 1,289
° 1,158
i, on
Calf and kip*
thous. of skins..
a
2,062
1,957
1,924
1,943
1,856
1,693
1,657 i 1,834
1,844
1,908
1,866
1,793
Cattle hides*f
thous of hides
4,562
4,393
4,126
4,168
3,757
4,018
3,786
3,990
4, 055 • 3,989
Goat and kid*J
thous. of skins
3,900
3,947
a 3 j 392
3, 628
3,153
3,125
2,824
2,925
3,135
4, 111
Sheep and lamb*fj
thous of skins
2, S49 '• 3, 237
2,897
'J>, G. r 4
Prices, wholesale:
Sole, oak, scoured backs (Boston)
.36
.37
.39
.39
.39
.37
.36
.33 !
.33
.36
.36
. 35
dol. per lb._
Upper, composite, chrome, calf, black,
.379
.380
.386
.382
.382
.380
.378
.380
.380
"7'?
.37S
. S7G
. S7^
" B " grade
dol. per sq. ft..
Stocks of cattle hides and leathers (all kinds)
end of month:
18,077
17,845
18,008
17,735
17,789
17, 827
17, 797
17,786
Total*1
thous. of equiv hides
17,941 ! 17,6&7 a 17, 456
17 22v
In process and finished*
11,402
11,377
11,734
11,188
11,655
11, 576
11,568
11,779
11,874
11,676 a 11,417
21, lf.5
thous. of equiv. hides
a
6,606
6,700
6,213
6,142
6,547
Raw*1
thous. of equiv. hides..
6,218
6,111
6, 04S
6,067
6.. 011
6,039
LEATHER MANUFACTURES
Gloves and mittens:
286,857 253, 795 163,467 »147,776 i183,485 » 205,081 i203,126 1201,375 1203, 250 J 220,474 l 242, 741 : 243, S2o
Production (cut), total*
dozen pairs
178, 372 168,487
94,725 »82,884 i109,573 1117,791 U17,320 1121,661 1126,406 >i 139,173 1153, 229 U5t;|l4(
Dress and seinidress*
dozen pairs..
108, 485
85, 308
68,742 1 64,892 1 73, 912 1 87, 290 1 85, 806 l 79, 714 i 76) 844 J 81.301 l 89, 512 i 87 ) ]kjj
Work*
..
dozen pairs
Shoes:
106
82
Exports
thous of pairs
134
65
43
104
188
106
112
82
97
103
Priofs wholesale*
Men's black calf blucher,
factory
dol. per pair..
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50 :
5.50
£.50
Men's black calf oxford,
4.31
4.35
4.44
4.50
4.50
4.50
4.50
4.50
4.50
factory
dol. per pair._
4. 50
4. 50
4. :•(_
4. 50
Women's colored blucher,*
3.10
3.10
3.13
3.15
3.15
3.15
3.15
3.15
3. 15
factory
dol. per pair..
3.15 1 3.15
3.
n
0
Revised.
1 Data for 234 manufacturers not available for these months. Figures shown are computed by means of the month-to-month percentage change indicated by the current
Census Bureau report for 228 identical concerns.
IRaw stocks in all hands as shown above include all hides from Government animals slaughtered under Federal inspection. Hides from cattle allotted to State relki
agencies and which were not killed under Federal inspection are not included unless they have already moved into sight. It is obvious, therefore, that a quantity of hides
from noninspected slaughter held by State Relief Agencies constitutes an invisible addition to the visible supplies shown on p. 47 of the August 1935 issue.
JData on production of sheep and lamb and goat and kid leathers from 1927-34 have been revised. For revisions not shown on p. 44 of the April 1935 issue see p. 1J'
of the June 1935 issue.
* Government relief slaughter included for the period June 1934-February 1935. See p. 44 of the June 1935 issue for the figures, excluding relief slaughter. For sheep
and lambs, relief slaughter only affected the data for the 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 of the October 1934 issue, for 1934 revisions see p. 20 of the December 1935 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 avair
able. These data are not comparable with data through January 1934 previously shown. New series on wholesale price of women's shoes began January 1934. Data DO;
shown on p. 47 of the March 1936 issue will appear in a subsequent issue.
tRevised series. For earlier data refer to the indicated pages of the monthly issues. Production of cattle, sheep, and lamb leather for 1932 and 1933, p. 44, April 19&4.
Production of cattle hides revised for 1935, p. 47 of the April 1936 issue. Imports of total hides and skins for 1932, exports of upper leather for 1932, p. 43, June 1933. Production of asphalt for 1932 and consumption of kerosene and lubricating oil, for 1932, see p. 56 of the November 1933 issue.
•Data revised for 1933. See p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue.




48

SURVEY OF CURRENT BUSINESS
1936

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

October uctoDer |

ber

December 1936
1936

Decem- January
ber

February

March

April

August September

May

June

July

32, 688
8,027
1,221
13,042
3,154
2,904
4,339

29,807
7,219
1,031
11,906
2,476
3,139
4,036

29,007
7,558
1,309
10,463
2,307
3,695
3,674

35, 210
8,738
1,556
14, 289
3, 043
4,484
3,100

40, 225
9,296
1,565
17, 509
3,437
5,192
3,225

85,813 ! 82,409

LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES—Con.
Shoes—Continued.
Production, total!
thous. of pairs..
Men'sf
..thous. of pairs..
Boys' and youths'!
-thous. of pairs.Women's!
thous. of pairs..
Misses' and children's!--thous. of pairs..
Slippers, all types!
thous. of pairs..
All other footwear!
thous. of pairs..

39,362
10, 066
1,692
13, 772
3,341
6,931
3,560

35,948
9,918
1,721
11,813
3,186
6,124
3,185

27,715
8,161
1,330
7,034
2,673
5, 570
2,947

28, 949
8,440
1,354
9,794
2,869
3,277
3,214

32, 420
9,043
1,267
13, 436
3,292
1,633
3,749

32,142
8,313
1,130
13, 843
3,007
2,140
3,709

34,159
8,223
1,264
14,441
3,237
2,726
4,268

' 40, 444
° 9, 519
« 1, 604
• 16, 528
« 3, 354
«a 5, 968
3, 472

LUMBER AND MANUFACTURES
LUMBER—ALL

TYPES

Exports (boards, planks, and scantlings)* • I
M ft. b . m 89.934
National Lumber Mfgrs. Assn :-M
Production, t o t a l —
mill. ft. b . m._ 2,156
Hardwoods
mill. ft. b . m . _ |
281
Softwoods
mill. ft. b . m . . i 1,875
Shipments, t o t a l . .
mill. ft. b . m._ 2,169
Hardwoods
mill. ft. b . m . .
291
Softwoods
mill. ft. b . m._
1,878
Stocks, gross, end of month total:
mill. ft. b . m . . | 7,370
Hardwoods
mill. ft. b . m . . | 1,874
Softwoods
mill. ft. b . m . - | 5,496
Retail movement:
Retail yards, N i n t h Fed. Res. Dist.:
Sales
M ft. b . m._ 14,355
Stocks, end of month
M ft. b . m._ 67,785
Retail yards, T e n t h Fed. Res. Dist.:
Sales
._—M ft. b . m._
4,648
Stocks, end of month
M ft. b . m._ 30,756

77,810

83, 258

89, 265

66,073

90, 328

96,053

89,904

83, 255

95, 230

1,971
302
1, 669
1,782
270
1,512

1,620
273
1,347
1,489
262
1,227

1,422
207
1,215
1,331
220
1,111

1,490
229
1,261
1,569
238
1, 831

1,353
215
1,138
1,467
238
1,229

1,587
244
1,343
1,688
281
1,407

1,865
253
1,613
1,932
267
1,665

1,891
253
1.638
1,821
259
1,562

1,896
273
1,623
1,846
257
1,589

2,055
282
1,773
1,914
259
1,655

1,990
283
1,706
1,867
267
1,600

1,978
285
1, 694
1,963
274
1,689

7,121
1,943
5,178

7,235
1,935
5,300

7,273
1,915
5,358

7,203
1,905
5,298

7,103
1,882
5,221

1,843
5,155

6,933
1,836
5,097

7,013
1,832
5,181

7,060
1,845
5,215

7,200
1,866
5,334

7,358
1,883
5,476

7,374
1,887
5,488

' 13, 072 8,676
64,942 63,137

4,594
61,365

3,677
70,834

2,374
77,713

4,329
81,490

7,210
81,851

10,227
79,392

13,192
72,456

11,827
77,794

12, 042
74,909

12, 842
72, 208

3,354
28,164

3,061
27,708

2,415
28,637

2,884
29,794

2,168
32,069

3,752
32, 396

4,191
32,143

3,627

32, 426

3,437
32,459

3,840
31,894

4,137
31, 445

3,536
31, 349

4,634
4,763
5,584
4,891
20,497

4,514
4,683
5,109
4,609
21,023

5,768
6,444
4,279
3,997
21, 878

6,980
0,368
4,263
3,879
21, 209

11,303
4,123
3,936
21,077

10,138
16,456
4,462
5,324
20, 645

4,391
15,012
5,439
5,457
20,033

3,493
13,159
4,437
5,528
18, 717

5,185
12,396
4,720
5,818
17,115

5,056
18,884
5,259
6,777
15, 672

6,046
10, 061
5,964
6,526
15, 902

7,475
10, 984
6,247
6,486
15, 603

83,150

Flooring
Maple, beech, and birch:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders:
New
•
Unfilled, end of month
Production
—
Shipments
Stocks, end of month
Fir, Douglas:
Exports:!
Lumber*
Tirnber
Orders:

!

.Mft.b.m.J
_Mft. b. m l
_Mft. b. m _M ft. b. m__
.Mft. b. m_.

_.

.M ft. b. m.
.M ft. b m.
_M ft. b. m.
_M ft. b. m.
.Mft.b.m.

39, 210
41,922
33, 864
33, 935
64, 265

24,383
14,347
21,642
23,475
52,843

25,125
19,925
20,823
19,547
54,119

25,064
25,492
24, 203
19,497
58,825

30,204
35,301
22, 783
20, 395
61,365

40,675
52,892
21,831
23,081
60,115

19,381
43,793
27, 607
28,479
58,683

19, 211
33,521
30, 761
29,483
59,961

23, 622
28,564
30, 273
28,579
61,655

30, 576
27,523
32, 031
31,617

29,463
26,863
32,980
30,123
64,926

32,953
29, 408
30,872
30, 408
65, 390

40, 671
36, 647
32,378
33, 432
64,336

M ft. b. m._
M ft. b. m._

21, 248
22, 625

22, 677
14, 548

20, 227
17,577

26,139
21,931

24,199
23, 456

19, 542
19,455

23,498
12,985

40, 462
23,371

28, 714
14, 612

27,331
18, 312

32,063
23,629

27, 670
19, 456

28, 920
31, 776

Softwoods

_M ft. b. m._
Unfilled, end of monthd*. M ft. b. m . .
Price, wholesale:
No. 1 common
dol. per M ft. b. m._
0)
0)
0)
0)
0)
0)
0)
(0
0)
(0
(0
Flooring, 1x4, " B " and better v. g.*
42.00
43.00
43.00
42.00
dol. per M ft. b. m._
45.00
45.00
46.00
43.50
42.00
46.00
45.00
43.33
43.00
Production^
M ft. b.
Shipments^
M ft. b. m.
Pine, northern:
11,462
9,239
8,220
7,722
9,942
7,350
Orders, new
M ft. b. r e - 12,140
9,912
9,616
11, 570 10, 681 10, 902 11,228
1,803
265
12,392
production
M ft. b. m._ 13, 448
392
779
528
3,697
16, 892 23, 213 26, 037 24, 217 20, 939
9,322
6,535
10,119
Shipments
M ft. b. m._ 12, 837
8,215
8,219
10,956
9,463
11,364
12, 505 12, 389 10, 618 11,736
Pine, southern:
Exports:
24,999
24, 350
27,083
21,983
Lumber§
M ft. b. m . . 24, 797
18, 506 28, 913 22,893
21,487
22,826
25, 463 19, 836 19, 955
4,213
5,713
10,492
3,516
7,072
6,184
Timber§
M ft. b. m_.
10, 261
7,506
6,890
6,358
4,224
6,587
5,137
Orders:
New
. . . - M ft. b. m._ 149, 329 143,695 128,825 124,184 150, 424 125, 758 165,856 162, 250 155,822 141,349 136,070 166,608 153,794
Unfilled, end of month
M ft. b. m._ 60,830
69,962
68,010
90,889
77,275
72,930 95,191
87,175 80,354
67,772
56,301
72, 324 69,976
36.61
Price,
flooring
dol. per M ft. b. m__
36.67
38.31
36. 61
35.75
37.01
36.78
37.63
37.40
37.37
36.52
36.61
37.29
Production
M ft. b. m._ 139, 764 148,566 134,190 125, 928 141, 315 124, 541 148, 226 155,187 158, 529 145, 342 143,342 146, 986 142, 668
Shipments
M ft. b. m._ 152, 409 145,970 128, 570 105, 743 121,632 125, 416 160,755 170, 446 166,440 136, 234 142,184 146, 657 157, 220
Redwood, California:^
Orders:
29,593
27,456
New
M ft. b. m__ 34, 327
28,514
34, 054 32,979
29,579
41, 535 31,157
29,813
34, 426
30, 603 32,201
26, 290 27, 446 31,097
Unfilled
M ft. b. m__ 33, 000
35, S18 44, 489 43, 049 49,143
44, 213 39, 251 37,172
36, 608 33, 781
38,073
Production
M ft. b. m__ 41, 884
33,187
30,369
32,185
37,318
31,318
37, 584 37, 763 38, 700 35, 434 38,939
38, 928
27,952
Shipments.._
M ft. b. m__ 33, 814
25, 761 23, 716 27,068
24,711
34, 327 35, 562 35, 207 37, 433 30,992 33, 477 36, 390
l
• Revised.
Data temporarily discontinued.
•New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. See special footnote below on lumber
production, shipments, and stocks.
!Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglasfirlumber and timber. Boot and shoe production for 1934, p. 45, March 1935 issue, for 1935
revision see p. 48 of the March 1936 issue.
•Data revised for 1933. See p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue.
A New series on lumber production, shipments, and stocks compiled by National Lumber Manufacturers' Association and represent an estimate of the total lumber
cut based on monthly reports received from regional associations covering between 80 and 90 percent of the total cut in 1934 and 70 to 80 percent in 1935. No comparable
figures are available prior to January 1934.
ISeries have been revised for period January 1934-October 1935. These are shown on p. 20 of the February 1936 issue.
^Beginning with January 1934 the report includes all known operators; prior to that time approximately 89 percent of the listed capacity.
§Data revised for 1932. For revisions of exports of Southern pine lumber and timber, 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 the December 1935 issue.
cf New series covering these items will be shown in a subsequent issue.




49

SURVEY OF CURRENT BUSINESS

December 1936

1936

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

1936

DecemOctober October November
ber

January

February

March

April

May

June

July

August

LUMBER AND MANUFACTURES—Continued
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..
Prices, wholesale:
Beds.
1926=100..
Dining-room chairs, set of 6.-1926=100..
Kitchen cabinets
1926=100..
Living-room davenports
1926=100..
Steel furniture. (See Iron and Steel Section.)

86.0

62.0

81.0

59.0

5.0
20

6.0
14

8.0
15

13.5
8

58.0

3.0
19

9.0
12

58.0

74.0 ;

59.0

10.0 i
13 i

6.0

33

16

16

12

18

16

31
76.0
19

24
56.0
14

24
58.0
13

21
57.0
11

22
57.0
12

22
57.0
12

24
57.0 ;
13 |

22
54.0
11

70.5
85.5
83.5
87. 5

66.3
89.9
86.0
76.6

66.3
89.9
86.0
78.0

66.3
89 9
86.0
78.0

67.5
84.0
83.5
87.5

67.5
84.0
83.5
87.5

67.5 !
84.0 !
83.5
87. 5 !

67.5
84.0
83.5
87.5

81.0
5.0

3.0
21
30

30
73.0
18

63.5
16
70.4
84.0
83.5
87.5

67.5
84.0
83.5
87.5

'

71.1
84.0
83.5
87.5

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports§.
long tons.
Imports*#
long tons.
Price, iron and steel, composite*
dol. per long ton..
Ore
Iron ore:
Consumption by furnaces
thous. of long tons..
Imports)?
thous. of long tons..
Receipts:
Lake Erie ports and furnaces
thous. of long tons_Other ports
thous. of long tons—
Shipments from upper Lake ports
thous. of long tonsStocks, total, end of month
thous. of long tons..
At furnaces
thous. of long tons..
Lake Erie docks
thous. of long tons..
Manganese
ore,
imports
(manganese content) 0
-.-__
__.thous. of long tons..

238, 358 205, 242 239.269
59, 569 56,637
53,678

241, 568
50,489

213, 802
43, 358

64, 337
56, 720

301, 987
49, 277

314, 950
59,391

294, 951
59? 910

296,738
47,940

33 .21

33 .10

32.92

32.79

33.49

3,763
170

3,826
198

4, 692
1,933

5, 064
2,148

34. 63

32.84

33.15

33.31

33. 34

33.48

4,385
193

2,911
114

3, 026
158

3,101

2,952
154

2,632
125

5,388
1, 989

3,162
1,453

1,472
557

0
0

18
0

7,301

4,601

1,557

0

35,156
30, 377
4,780

35,115
29, 756
5,359

34, 277
28,964
5,313

31,342
26,248
5,093

19

15

13

55, 521
51, 778
61.9
48, 338

45, 246
43, 467
51.0
40,132

47, 778
44, 277
53.1
41,434

42,573
45,598
55.0
43,942

43,852
48,198
57.1
43,386

97, 740
161

67, 655
116

70,095
122

66,825
120

19.00
19.80

18.00
18.99

19.00
19.96

21.39
2,992

20.39
1,978

21.39
2,066

3,485
177
0
9

0 i
0

199
2, 651
1,409

0

0

19

5,050

25, 809
20, 904
4,904

22, 933
18,199
4,734

19, 370
15,240
4,130

19, 242
15, 269
3,974

23,107
18, 017
4,045

25, 211
21,194
4,017

21

19

36

29

21

38, 278
40, 611
49.9
39, 384

48,008
45, 536
55.9
46, 823

47, 933
50,954
62.6
51,840

44,136
45,027
55.3
48,854

42, 848
43, 766
53.9
46, 489

63,660
117

64, 550
120

68, 395
126

84,915
144

86, 030
146

19.00
19.96

19.00
19.96

19.00
19.96

19.00
19. 96

19.00
19.96

21.39
2,106

21.39
2,026

21.39
1,824

21.39
2, 040

21.39
2, 404

28, 404
23, 434
4,970

30 I

295,341 j 235.764
60,697 j 59,993
34.15

h

6,608 ] 7,160

3, 969
234

4.027
258

o, 120
2,005

5,383
1, 904

7,444

7,481

28,158
24, 008
4,150

31, 978
27, 555
4,422

41

36

41,031
44, 413
53.3
46,158

45,179
42, 253
52.0
35, 554

44. 361
46, 552
57.0
40,194

85, 405
145

83, 720
146

88, 075
148

94, 140
155

19.00
19.96

19.00
19.96

19.00
19.96

19.00
19. 86

21.39
2,648

21.39
2, 586

21.39
2,594

21.39
2,712

Iron, Crude and Semimanufactured
Castings, malleable:*
Orders, new
short tons-.
Production
short tons.Percent of capacity
_.
Shipments
..short tons—
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day..
Number
-.
Prices, wholesale:
Basic (valley furnace).-dol. per long ton..
Composite pig iron
dol. per long ton..
Foundry, no. 2, northern (Pitts.)
dol. per long ton..
Production.
thous. of long tons—

I

2

19.00
19. 80
21.39
2, 730

Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range:f
Orders:
New
....number of boilers.- 169, 562
83, 929 64,341
55,136
62,143
70, 890
62,649 ! 57,631
73, 967 115, 834
66, 598
89, 192
91,142
Unfllled, end of month, totals
number of boilers-. 69,869
25, 644 25, 647 31,999
25, 382
25,545
26, 094
20,177
25, 581
27, 279
64,671
50 064
44, 518
Production
number of boilers-- 142, 094
84,328
63, 500 57,723
65, 658
65,409
64, 227
65, 773
60, 352
74,242
96, 757
80,036 103, 208
Shipments
number of boilers ~- 144, 211
80, 591 64, 338 48,726
62, 306
77, 344
63,548
1,937
61,194
72, 921
78, 442 103, 7(J9 96, 688
Stocks, end of month .number of boilers. - 37,116
41, 490 40,652
41,042
37, 690
49,625
43,332 | 45,557
44,715
38,161
39, 233
39, 755 39, 164
Boilers, round:
Production
...thous. oflb—
6,467
3,784
2,977
3,343
3,954 ! 3,456
3,287
3,639
3,339
4, 256
3,066
3,020 !
4,793
Shipments
—
thous. oflb-9,485
2,437
4,957
3,120
1,664 I 1,683
8. 633
2,243
3,195
4,018
3,905
3,634
5. 809
Stocks, end of month
thous. oflb.. 34, 338
35, 053
35, 389 34, 377 33,644
34,106
37,738
35,429
41,160
40,314 j 39,723
44, 882
3b, 706
Boilers, square:
Production
thous. oflb-- 32, 748
17,487
18,941
18,454
18 176
27,425
17,599
17,957
19,043
21, 625 i 24, 867 1 27, 265 i 29, 062
Shipments
thous. of lb~ 45, 960
13, 786
11,955
41, 380 20,325
16,330
8,984
11 129
13,552
200 ! 24, 658 | 33. 549
19, 523 | 29,
Stocks, end of month
thous. of lb__ 123, 005 115,096 112,592 '114,019 114,696 121,258 129, 933 127 274 150, 558 143, 991 1 139,619 '142, 225 ' 137, 671
• 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 193/n ssue.
§ For 1932, 1933, and 1934 revisions, see p. 45 of the June 1933 issue, p. 20 of the September 1934 issue, and p. 19 of the December 1935 issue, respectively.
t Revised. Data prior to April 1933 not published on plant operations. For range boilers, see p. 20 of the July 1934 issue.
• Imports from Cuba not included.
• See footnote on p. 37 of this issue. For 1933 and 1934 revisions, see p. 20 of the October 1934 issue and p. 20 of the December 1935 issue, respectively,
^bS Distrioution of unfilled orders of deliveries of 30 days or less and deliveries of more than 30 days has been discontinued by the reporting source.
Partly estimated.




50

SURVEY OF CURRENT BUSINESS

December 1936

1935

Monthly statistics through December 1931, 1 9 3 6
together with explanatory footnotes and refera aces to the sources of the data, may be found
in Vh© 1932 Annual Supplement to the Survey October

i

1936
January

1

February

March

April

May

June

July

August September

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Iron, Manufactured Products—Con.
Oast-iron boilers and radiators—Continued.
Boiler fittings, cast iron:
Production
short tons..
Shipments..
short tons..
Boiler fittings, malleable:
Production
short tons..
Shipments
short tons..
Badiators:
Production
thous. of sq. ft. heating surface..
Shipments
thous. of sq. ft. heating surface..
Stocks, end of month
thous. of sq. ft. heating surface..
Radiators, convection type:*
New orders:
Heating elements only, without cabinets or grilles
thous. of sq. ft. heating surfacet-H eating elements, including cabinets
and grilles
thous. of sq. ft. heating surfacef..

9,989
10,170

7,451
8,454

6,835
6,620

5,589
4,248

5,730
5,194

5,107
5,217

5,721
5,325

6,032
5,940

5,768
5,923

5,981
6,132

6,414
7,690

7,160
9,529

8,211
9,613

5,639
5,794

4,162
4,670

4,532
4,357

3,794
2,503

3,970
3,393

3,982
3,475

3,817
3,663

4,296
4,201

4,196
4,442

4,173
4,202

4,233
4,404

4,225
5,697

5, 200
5,454
7,917

9,914

7,430 I

12, 452

10, 055

35,990

31,493 |

141

114 |

459

231 i

5,037

4,706

4,733

4,951

5,046

6,345

6,253

5,931

6,821

7,487

6, 616

5,413

4,183

3,086

2,720

3,549

4,175

5,590

8,027

7,785

9,190

30,000

29,420

30, 243

32, 224

34, 779

36,997

40, 368

40,179

39, 223

39, 246

38, 216

113 !

60

145

62

63

51

74

84

101

140

106

170 I

130

136

121

117

202

233

349

441

415

448

212.10 i 212.11

221.80

221.80

221.95

S a n i t a r y 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. _j 222.12
Porcelain enameled
flatware:
|!
Orders, new, total
dollars..; ,139.812
Signs
d o 11 ars. _ | 2( I, 24.1
Table tops
dollars..
Shipments, total...
dollars.. ,20^.1 "2
Signs
dollars.. 2'.>o, 440
Table tops
dollars.. 3K.">, .750
Porcelain plumbing fixtures:
Orders:
New, net
.number of pieces..
Unfilled, end of month
number of pieces..
Shipments
number of pieces..
Stocks, end of months..number of pieces..
Vitreous-china plumbing fixtures:!
Orders:
New, net
.
..number of pieces..
Unfilled, end of month
number of pieces._
Shipments..
number of pieces..
Stocks, end of m o n t h . . . n u m b e r of pieces..

362,580 i 464,176 292,770 266, 574 ! 300,108 370, 732 447, 533 IM87, 942
326,585 ! 408,402 283,996 216,910 254,473 335,338 I 386,783 |H66,171
407,886 ! 387,233 393,481 488, 74' 526', 039 553,141 587, 891 I b522, 025
207,

208.13 I 208.18

937, 394 816,050
257, 005 236, 380
258,369 ! 195,795
949,349 | 817,866
218,000 I 249,153
298,499 | 195,707
3,095 ;

751,629
191,827
236,173
676, 656
196,287
169,096

2,158 1,594

3,583 I 2, 763
2,713 j 2, 746
^
6,685
6,874

1,912
1,935
7,268

132,378 | 132,867

139,596

117,289 i 112,621 128,020
190,229 137, 535 124,197
424,242 516, 677 629,750

209.50

212.25

212.31

877, 598
206,115
,
196,817 154,291
197,974 727,162 908, 433
666, 820 169,453 220, 427
172,813 187, 073 176, 295
194, 726

773,108 ! 786, 380
283,239 I 2 2 3 , ' "

212.19

1,088,105 1,005,791
265, 338 265,199
238, 417 187, G62
1,076,233 1,002,735
315, 556 281, 205
205, 747 189, 9S0

951,022 3,027,198 1,105,921 1,119,943
284, 068 292, 762 257,132 C 235, 617
210,834 294,246 355, 827 287, 987
978, 254 1,055,713 1,087,682 1,192,520
284, 574 298, 549 285,935 | 316,116
234, 884 310, 063 310,583 | 338, 500

2, 529 | 2, 288

1, 692

2,441

2,526

3,793

2,722
1,597
7, 836

2, 753
2, 068
8, 962

3,053
1,896
9, 515

3,251 I
2,195 !
9,683 :

3,924
3, 034
9,270

373, 413 204,249 | 165,624

143, 323

157, 807

281, 827 256,377
219, 606 229, 699

168,820
168,840
738, 580

158, 380
167, 367
826,989

645,898

3,227
1,730
8,595

642,893

194, 337
227, 664
674, 282

()
00
(2)

()
00
(2)

Steel, Crude and Semimanufactured
3ars, steel, coldfinished,shipments
36, 232
44,382
41,178
33,512
39,931
41,049
32, 285 35,097 I 27,917 | 31,378
33, 670
47, 301
short tons..
Castings, steel:*A
Orders, new, total...
.short tons.. 59, 431 34, 553 32, 714 40,529 59,019 51,701 71,341 83,188 63, 950 94,345 74, 011 59,393 56, 877
53.6
69.8
79.1
49.8
62.1
49.5
49.8
43.4 !
59.8
47.7
29.0
27.4
34.0
Percent of capacity.
45, 942
25, 755
52,466
34, 443
21,455
22, 542
16,686
16,650; 32, 542
7,071
13,919
8,201
Railway specialties
short tons.. 17,962
64,
246
74,
775
63,087
70,
323
78,
654
76,
617
44,298
47,954
81,
574
42,
597
36,165
51,674
37,793
Production, total...
short tons..
53.9
52.9
66.0
59.0
F 64.2
37.1
62.7
68.4
30.3
35.7
40.2
31.7
43.3
Percent of capacity
24,712
25,857
30,
802
34,858
34,
304
30,006
36,
82«
12,
347
10,024
13,
373
15,830
10,076
17,385
Railway specialities
..short tons..
Ingots, steel:§
3,942
4,046
j
3,923
3,985
4,545
4,195
3,046
2,964
4,161
3,
343
3,143
3,073
3,150
Production
thous. of long tons..
69
69
70
51
54
73
56
53
55
Percent of capacity
71 j
74
59
Prices, wholesale:
.0236
.0236
.0243
.0241
.0243
.0243 !
.0243
.0243
.0243
Composite,finishedsteel
dol. per lb.. .0241
.0236
.0237
. 0243
Steel billets, Bessemer, Pittsburgh
30.00
28.00
28.00
29.00
29.00 j
30.40
27.00
29.00
28.00
dol. per long ton.. 32. 00
28.00
28.20
30.00
Structural-steel beams, Pittsburgh
.0180
.0181
.0190
.0180
.0180 I
.0180
.0190
.0190
.0180
.0180
dol. per lb.. .0190
.0180
.0180
14.34
13.38
12.85
16. 25
13.38
14.19 |
14.75
16.15
13.35
Steel scrap, Chicago dol. per gross ton..
13.00
12.50
15.19
12.88
XI. S. Steel Corporation:
29, 227
17,665
30,193
20,418
Earnings, net
thous. of dol..
95C, 851 923, 703 961,803
Shipments,finished products*. Jong tons.. 1,007,41" 686*741" ~68l~820~ 661,515 721,414 676, 315 783,552 979907 984,097
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month...number.. 343, 347 725, 748 620, 571 341,693 400,608 ! 349,752 341, 248 299, 745 400,184 452, 386 449, 838 427, 583 456, 682
Production
_
number- 835,177 790,057 i 535, 514 478,592 479,873 i 476, 465 578, 705 650, 028 636, 449 626, 599 677,462 515, 380 G97, 783
62.1
47.5
48.5
46.8
Percent of capacity
50.6
35.9 !
35.6
58.9 i 40.2
36.0
43.3
38.4
51.9
Shipments
number.. 836,983 791,469 537,947 480,918 478,588 ! 471, 481 577, 240 658, 657 643, 841 627, 065 672, 974 518, 795 694, 331
26,991
19,599
19,133
23,
621
34,155
20,206
36,589
31,830
29,
171
I
34,156
35,
260
23, 658
Stocks, end of month
number..! 21,852
s
• Revised.
& Data covering non-vitreous clay, recessed and attachable accessories not included.
Discontinued by reporting source.
*Data on convection type radiators prior to January 1932 not available. For earlier data on wholesale price of plumbing and heating equipment, see p 20 of the
January 1933 issue; for steel castings, see p. 20 of the October 1934 issue; and for United States Steel Corporation shipments, see p. 18 of the January 1934 issue.
tin equivalent direct radiation.
fRevised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue. Data on vitreous-china plumbing fixtures revised, beginning January
1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue.
ASteel 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
jFor 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; for 1935, p. 50 of the June 1936 issue.



51

SURVEY OF CURRENT BUSINESS

December !93n

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
\ Novem-, DecemFebruher":
ber -|January
in the 1932 Annual Supplement to the Survey October October

1936
March

May

April

June

August

July

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Con.
Boilers, steel, new orders:
Area
thous. of sq. ft..
Quantity
number of boilers..
Furniture, steel:
Business group:
Orders:
New
thous. of doL.
Unfilled, end of month..thous. of doL.
Shipments
tbous. of dol..
Shelving:*
Orders:
New
thoua. of doL.
Unfilled, end of month..thous. of doL.
Shipments
thous. of doL.
8afes:
Orders:
New
thous. of doL.
Unfilled, end of month..thous. of doL.
Shipments
thous. of doL.
Lock washers, shipments
thous. of doL.
Plate, fabricated steel, new orders, total
short tons..
Oil storage tanks
short tons..
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 tons,.
Stocks, end of month, total
short tons..
Unsold stocks
short tons..
Tin and terneplate;*
Production
thous. of long tons..
Track work, production
short tons-.

963
1,200

1,841
1.097
1,777

784 j
787 ;

1, 618
1,036
1, 592

436
395
435

348 I
212 ]
346 i

250
194
234
242

200
277
205
246

33,791
6,632

223,195
281, 226
235, 057
82.6
223,874
133.370
69,355
5, 547

30,530 '
5,850 !

226,209
211,452
222.963
73.5
220,536
146,306
83,200

464
587

685
595

623
634

810
705

1, 507
945
1,591

1,520
908
1,558

1,619
940
1,586

1,427
882
1,484

323
206
329

370
196
379

389
243
342

325
198
371

419
235
382

188
285
180
261

182
255
205
206

203
169
176
255

189
173
185
219

227
190
210
232

35,584 j 38,709
9,341 | 3,354

27,830
5,940

29, 787
3,620

i 174.805
1 -

138, 244
231, 660
191,359
62.9
175,702
168, 572
86,971

19,116
2,617

| 289, 101
! 286.799
i 224.541
74.1
213,453
: 149,122
SI, 597

203,318
299, 394
208,774
68.9
195, 077
149, 213
74, 516

i
j
J
j

267, 673
223,000
73.3
207, 437
152, 283
84,037

723
721

1,131
1,049

1,110
1,090

1,075
1,136

1,056
1,232

1,514
975
1,451

1,565
1,070
1,470

1,511
918
1,511

1,517
996
1,439

1,587
1,033
1,550

378
229
384

414
262
381

448
294
416

394
358
393

448
386
420

433
394
425

251
197
244
313

228
318
207
251

224
216
226
246

204
208
205
267

205
204
209
199

195
178
220
-201

29,900
5,678

51, 257
9,311

51, 999
21, 861

60, 324
9, 968

31,999
8, 604

251,818
280,493
207,820
68.3
209, 673
141,916
70, 648

190, 269
221,950
217, 975
71.6
252,441
124, 239
65,783

191,511
217, 831
224, 056
73.6
210,127
138,510
72,333

261, 439
276, 551
210,448
69.2
203, 853
136, 605
75, 912

192, 873
263,531
217,651
71. 5
213.372
138, 8S 4
72,603

207, 781
237, 029
202, 456
66. 5
197,156
141,328
79,451

255, 557
287, 746
213, 706
70.2
204,285
137, 550
71,367

6, 25S

7,031

7,314

6,507

6, 216

6,401

5,722

0)
0)
690
715

0)
0)
954
561

0)
0)
948
.76

CO
0)
1,059
564

0)
0)
1,106
626

0)
0)

0)
0)

~3~ 495" j " ~3~Q90Y~ ~3~025~ I" ~3~366~ I"

590
594

784
687

1,667
964
1,586

1,583
913
1,634

a

35,033
9,446

MACHINERY AND APPARATUS
Air-conditioning equipment:t
Orders, new. total
thous. of doL.
Air-washer group
thous. of doL.
Fan group
thous. of doh.
Unit-heater group
. . . . t h o u s . of doL.
Electric overhead cranes;
Orders:
New._
thous. of doL.
Unfilled, end of month
thous. of doL.
Shipments
thous. of doL.
Electrical equipment.
(See Nonferrous
metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
New....
1922-24-100..
Unfilled, end of month
1922-24=100..
Shipments
1922-24=100..
Fuel equipment:
Oil burners:*}:
Orders:
New
no. of burners..
Unfilled, end ofmonth.no. of burners..
Shipments
no. of burners..
Stocks, end of month
no. of burners..
Pulverized-fuel equipment:
Orders, new, storage system:
Furnaces and kilns_.no. of pulverizers..
Water-tube boilers-.no. of pulverizers..
Orders, new, unit system:
Fire-tube boilers
no. of pulverizers..
Furnaces and kilns.no. of pulverizers..
Water-tube boilers.no. of pulverizers..
Stokers, mechanical, new orders:^
Class 1, residential
.number..
Class 2, apartment and small commercial
number..
Class 3, general commercial and small
commercial h e a t e r s . . .
number..
Class 4, large commercial:
Number
Horsepower
Machine tools:*
Orders:
New*
avg. mo. shipments 1926 = 100..
Pumps:
Domestic, water, shipments:J
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..

0)
0)

1,713
96
596
1,021

1,833
170 !
854 ;
809

1,958
0)
135 : (0
673
571
711 ;
1,151 '

1,908

194 :
1, 166 :
503 ;

392
1,082
476

386 j
1,194 i
274

628
1,700
217

349
1,676
373

363
1, 723
317

572
2,026
277

2,641
268

174.4
174.0
162,9

140.0 ,
164.7 •
119.7

100.4
119.2 i
145.2

118.1
90.8
147.6

127.0
107.5
110.4

110.4
130.4
114.5

115.0
94.4
124.0

134.0
123.2
105.1

7,275 I 7,139 9, 235
1, 487
1, 531 2, 034
7, 436
7,095
8,732
13,437 ! 14,057
15,090

1,078
1,624

33,012
3,547
33,557
14,102

S
14
16, 540
1,016
302
461
89,050
136. 5
46,575
1,272
801
8,622

24, 088 j 9, 553
2, 108 j 1, 612
25,657 5 10,049
12,047 • 14,301

1 j
9 i

24 j
8,777 I
683 I

268 I

3

0;
0
0
16
33

281

21,775 J 22,358
915 ; 681
583
4,785

479
2, 275
412

145.4
152.1
137.2

161.0
162.8
150.5

16,183
3,041
17, 220
21, 542

22,102
4,224
20,919
23,578

34,893
4,092
35, 025
16, 444

404
2,085
566

165.4
142.6
146.7

141.4
130.8
153.0

159.6
144. 5
145. 7

10,373
2,365
10,042
16,901

12, 578
2,739
12, 204
18, 794

15, 788
4,078
14,449
19, 221

0
0

0
0

0
0

0
0

0
0

0
0

1
13
20

7
5
17

1
6
16

1
2

1
3
25

6
11
31

0
2

2
3
29

0
10
12

2,065

2,342

2, 376

3,547

4,381

8, 433

15, 040

187

167

130

84

71

40

145

102.9

539
2,208
416

281
2,242

1
0

359
108 1

983
1,013

0
0

13
3,078

1,154
S71

2
0

4,287

310.1i 34,849
213
51,031

564
5,491

7,765
1,648
7.729
15, 565

J, 336
763

196 i
161
34,166 ; 27, 297

126
25,120

132
24, 775

38
2,745
130

21
5,488

123

199
316

60

76

44
152
43,080

183
36, 935

242
49, 376

125.7

118.9

128.8

148
336
67, 218

492
198

805
268

434
80, 268

499
75,106

127.5

118.5

98.3

110.8

112.1

19, 493
613

39, 221
772

35, 621
659

41, 192
964

40,004
968

41, 259
1,229

51,484
1,198

59,217
1, 320

54,932
1,377

46, 688
820

426
592
4,901 I 4,517

569
3,992

599
5, 226

851
8,703

8,923

574
5,774

9, 325

680
8,959

867
9,309

I 5,678 4,401 9, 492 9,720 10,332 9,916 11,855 8,013
11,235
7,963 i 8,166
5,993 I
959
1,172
966
881
844
699
1,259
964 I
1,110
933
1,178 !
1,097
823
1
Comparable data not available.
..... See the regular monthly report of the Census Bureau for detailed data on this industry.
• Revised.
* New series. For earlier data see p. 20 of the December 1932 issue for tin and terneplate and p. 20 of the July 1934 issue for machine tools (including forging equipment). Current oil-burner series, available only back to January 1933, are based on reports from 160 concerns.
t Revised series. Data on air-conditioning equipment revised starting January 1933; see footnote on p. 48, April 1935. The revisions for 1933 will be shown in a subiequent issue,
{Oil burners revised for 1934 and 1935, to exclude data erroneously reported. See p. 51 of the April 1936 issue. Data for 1933 and 1934 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.
«] Revised series on mechanical stokers, see p. 48 of the April 1935 issue; domestic pumps starting January 1934, see p. 49 of the April 1935 issuei
•Series covering shipments and unfilled orders temporarily discontinued.




52

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931, 1936
1935
together with explanatory footnotes and references to the sources of the data, may be found
Novem- Decemin the 1932 Annual Supplement to the Survey October October
ber
ber

December 1936
1936

January

February

March \ April

May

June

July

i August

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Pumps—Continued.
Steam, power, and centrifugal:
Orders, new
thous. of dol..
Water-softening apparatus, shipments!!
units..
Water systems, shipments J 1
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..

1,175 j 1,303

976

658

719

832

1,039

1, 044

1,068

1,066

1,029

1,049

1,001
12,386

812
8,946

715
1,125

666
7,195

754
9,856

737
[,371

980
10, 364

1,031
11,496

1,014
13,106

1,052
16, 714

10
561
816

2
404
441

311
404

8
520
462

12
449
538 1

5
417
632

7
377
610

439
604

9
445
597

12 i
16
474 i 571
610
657

314
557

249 I
373

241
383

188
419

190
361

224
358

217
383

247
444

267 !
445

280
439

21,685
24,439
24,251
18,997
19.938
. 1263 I . 1260
.1257 i . 1263 .1257

28, 003
.1207

41,043 ! 29,113
40, 506
.1188 i .1165 . 1163

22.836
. 1198

2,414
2,013 ! 2,064
549
524 I 453
1,489 ! 1,612 1,865

2,312
420
1,893

2, 495
2,374 ! 2,540
495 i
563 I
1,879 : 1,976 j 1,723

2. 654
678

19, 683
15, 700

3 i
412 i
581 j
i
201 !
365 !

954
845 | 1,016 i
16,740 ! 14,410 \ 14, 704
9
819

300 i
494 '

NONFERROUS METALS AND
PRODUCTS
Metals

Aluminum:
j
Imports, bauxite#
long tons..!
Price, scrap, cast (N. Y.)
dol. per lb..i
Babbitt metal (white-base antifriction bearing metals):
Production^
thous. of lb__
For own use
thous. of lb._
Salest
thous. of lb._
Copper:
Exports, refined*
short tons..
Imports, total§ #
short tons..
Ore and blister
_
short tons...
Price, electrolytic (N. Y.)
dol. per lb._
Lead:
Ore:
Receipts in U. S. ore
short tons..
Shipments, Joplin district...short tons..
Refined:
Imports#_
short tons..
Price, pig, desilverized (N. Y.)
dol. per lb__
Production
short tons..
Shipments, reported
short tons..
Stocks, end of month
..short tons _
Tin:
Consumption in manufacture of tin and
terneplate*
long tons..
Deliveries
long tons..
Imports, bars, blocks, etc.#
long tons..
Price, Straits (N. Y.)
dol. per lb..
Stocks, end of month:
World, visible supply...
long tons..
United States
long tons
Zinc:
Ore, Joplin district:
|
Shipments
short tons..!
Stocks, end of month
short tons..J
Price, slab, prime, western (St. Louis)
dol. per lb._
Production, total (primary)f..short tons._
Retorts in operation, end of mo__number..
Shipments* totalf
short tons..
Domestic!
short tons..
Stocks, refinery, end of monthf.short tons..

19,178
.1222

16, 246
.1251

14, 534
.1263

2,491
695
1, 796

2,294
650
1,643

2,113
613
1,500

1,954
469
1,485

2,510
546
1,964

27,995
9, 516

25, 592
20,772
20,118
.0903

22,104
27, 456
25, 255
.0903

12, 573
14, 749
12,935
.0903

19,313 I 17,438
16,723 I 16,427
.0903 . .0903

16, 700
11,310

. 0956

20, 275
24,327
23, 095
.0897

30,910
4,880

27,847
3,006

31,412
7,977

31, 648
8,639

29,464
3,183

28,195 j 29,341
6,467 ! 4,550

29, 535
2,950

1, 742

1,774

521

1,217

.0451
.0463
37,844
39,317
59, 210 42,271
183, 430 225,309
3, 330
6,005
6,327
. 4494
14, 400
3,315

I

:

742

946

.0917

718

.0450
.0460 I .0460
.0450
.0452
.0450
36,175
36, 229 37, 958 34,088
32.221 ! 32,184
42, 333 34, 590 33,086 i 36,743
40,457
43,035
222, 636 222, 306 224,013 225,010 i 223,388 220,991
2,120
4,035
4,700
.5188

2,350
5,360
6,287
.4977

2,300
6,635
6,646
.4724

13,425 1 15,049
1,31' ' 1,472

13,782
2,312

13,338
2,985

15,607 j 16,074
3, 523
3, 968

13,328
2,713

1,890
5,355
4,095
.5121

2,400
5,600
6,525
.4792

:
i
!
!

2,350
5,520
6,104
.4799

j 2,850
| 6,235
i 4,994
i .4694

.0928 !

23. 969
14,671
.0928 j

21,703 ! 24,249
17,186 | 14,277

30,547! 31,828 i 34,137
4,540 i 3,500 i 5,880
2,967 !
.0460
39,558
33.125
229,409

1,027 I 1,192

12.93y
~~~0953

.0935 j

31,314 : 30.892
3,180: 2,970
2,997

3S2

.0460 ! .0460
. 0460 . 0460
36,756 j 36,863
31, 117 29, 7SS
38, 996 46, 3SS 50, 685
37,736
230,481 ! 231, 081 218, 233 200, 517
3,520
7,795
8,134
.4222

3,260
7,120
6,674
.4297

3. 050 j 3. 300
5,385 ! 0,200
6,069 ! o,626
.4257 | .4474

15,967 I 14,260
2,941 | 3,054

13,795
2,151

15,295 ! 13,587
3,095 I 2,800
|
35.810 ! 35.780
37,180 ! 30,590
.0480
.0485
43, 614 42. 283
41, 308 40,672
46. 085 51. S47
46, 085 51, 847
86,194
7G. 630

3,300
5,235
5,493
.4630

46, 500
31,200

34, 736
23,093

48, 579
25, 344

40,889
21,000

35, 200
24,900

36, 770
25,130

38, 640
26, 930

40,060
40, 900
28,070 I 33, 560

29,420 I 22,060
39,240 | 41,270

. 0485
46,297
41, 733
54, 035
54, 035
68, 892

.0483
36,716
34, 777
47, 063
47, 063
95,969

.0485
37,469
36, 650
48,172
48,172
85, 266

.0485
.0485
40,550
41,917
38, 329
38, 205
42, 058
46, 468
42,058 ' 46,468
79, 207
83, 758

.0486
36, 228
38, 004
39, 918
39, 918
75,517

.0490
42, 483
37, 922
38,159
38,159
79, 841

.0490 ! .0490
43, 252 44. 905
41,400
41,048
42, 311 43, 977
42, 311 43,977
80, 782 81,710

.0488
44,947
40, 700
41, 654
41,654
85,003

.0478
45, 553
41, 308
41,891
41,891

Electrical Equipment
3,903 : 2,992 j 3,246
3,631 ! 2,262 I 4,391 3. 203
Furnaces, electric, new orders
kilowatts..
1,903 ! 2,055
3,637
2,258
1,369
2, 757
Electrical goods, new orders^ (quarterly)
i 153,452 |
1
1S9.510
thous. of dol-.
190, 598
139, 012
Laminated phenolic products, shipments
dollars.. 1,151,292 1,061,285 878,041 813, 455 826, 393 844,374 j 924,238 11,004,258 1,145,69 1,135,858 1,141,135 1,074,952 1,110,177
Mica, manufactured:
Orders, unfilled, end of month
143
121
146
179
135
132
174
113
170
109
157
187
123
thous. of dol_.
210
147
202
187
233
201
196
210
Shipments
thous. of dol..
178
153
187
188
229
Motors (direct current):
348,942 490, 201 571,756 ! 432,481 533, 595 424,944 518,357 524,953 553,660 523, 850 606, 547 G61.244
Billings (shipments)
dollars-.
445, 613 405,167 625, 708 I 454, 601 612, 483 585,348 594,719 613,371 608,317 598, 845 682, 362 882. 232
Orders, new
dollars..
Panel boards and cabinets, shipments
293
306 |
338
thous. of dol..
Porcelain, electrical, shipments:
70,698 i 81,004 78,914! 77, 690 92,637 84,436 94,437! I 103,457 99, 769 94, 304
83, 238
Special
dollars.. 105,761 101,108
26,881
29,923 1 27, 694 35, 228 48,089
44,664
34,732
53,858
35,909
43, 103
Standard
dollars.. 45, 0S6 41, 249 35,458
23o
408
446
293
419 !
536 j
455
323
533
672
664
Power cables, shipments..
thous. of ft..
677
Power switching equipment, new orders:
57, 981 68,080
43,435 ! 46,328 j 64,691
72,425 118,256
77,795
Indoor
dollars-.
41, 637 63,163
85, 75S 75, 906
127,347 I 135,293 I 115,247
91,522 156,313 i 166,011 214,250 162,163 143,868 203,674 165, 245 222, S3 2
Outdoor
dollars..
87,811 \ 81,807
97. 360 70,693 ; 89, 044 111,617
97,032
88,971
89,024
80. 233 1H2S0
Reflectors, industrial, s a l e s . . .
. . - u n i t s . . 118, 707 83,002
46,930 | 75,904 119,764 179,056 | 272,139 304,089 329,140 237,371 205,098 100,975
Refrigerators, household, sales*
n u m b e r . . 44, 380 43,706
S0; 050
Vacuum cleaners, shipments:
86,084 ! 114,001 104,559 | 105,275
80,649
85,816 [ 86,763 I 74,733
71, 628 ! 84,10S 104,944
Floor cleaners
number.. 109, 686 93,627
22, 295
Hand-type cleaners*
number.. 32, 944 29,047 | 29,261 I 26,570 I 24,999 23,769 i 35, 878 29,588 | 32,175
18,765 I 22,101
39. US
•Revised.
•New series: For earlier data, see p. 20 of the December 1932 issue, for tin and terneplate; p. 20 of the July 1935 issue, electric relrigerators; and p. 20 of the August 1934
Issue, for hand-type vacuum cleaners.
tData for Babbitt metal revised for the period January 1932-December 1935: see p. 20 of the July 1936 issue. For 1933 revisions on zinc see p. 49 of the January 1934
issue; for 1934 see p. 49 of the February 1935 issue; for 1935, see p. 52 of the February 1936 issue.
•Present series on water systems cover 52 companies.
•For revisions for 1932, see p. 48 ol the June 1933 issue; for 1933, p. 20 of the September 1934 issue; for 1934, p. 19 of the December 1935 issue.
§Data for 1932 revised; for 1932 revisions, see p. 48 of the June 1933 issue, total imports of copper.
#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 the December 1935 issue.
^Revised series on water systems starting January 1934; see p. 49 of the April 1935 issue; for earlier data on new orders for electrical goods, see p. 19 of the August 1933
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 I93G

1936
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 October Novem- December
ber

1936
January

February

March

May

April

June

July

SepAugust tember

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued

j

Electrical Equipment—Continued

j

Vulcanized
fiber:
j
Consumption
thous. of lb_. I
Shipments
.__
thous. of dol-- i
Welding sets, new orders:A
.
Multiple operator
units--1
Single operator...
units.. |
Miscellaneous Products
\

2,382
579

1,782
509
7 ,
430 !

2, 112
440

1,718
387

1. 781
455

1, 635
417

1 830
492

2,129 !
470 I

0
467

0
643

2
796

0
810

2
1 048

1,073 I

2,248
471
5
830 i

1,068

Brass and bronze (ingots):•
!
Shipments and deliveries
net tons.-j
8,
6,294 j 5,944 : 5,894 ! 5,948 ! 5,645
Brass, plumbing:
!
Shipments*!
number of pieces ; 1,657
1,388,845 |l,131,066 916,783 l r 240, 615! 1,155,921
Brass sheets, wholesale price, mill
!
dol. per 1b. !
. 145 ;
. 146 !
. 146 i
. 146 !
146
Copper, wire cloth:
!
Orders:
i
New
thous. of sq. ft .
505
386
424
418 !
370
Unfilled, end of month.,thous. of sq. ft..
5G7
483 I
527
505
528 I
495
Production
thous. of sq. ft...
501
442 :
384
379
447 |
406
457
Shipments
thous. of sq. ft..
440 ;
396 !
395
398 !
416
Stocks, end of month
thous. of sq. ft..
764
741 I
725 !
695
689 I
689

5,897 | 6,012 j

5,747

2,116
489

2,179
525

2,210
485

2,185
517

0
881

0
931

0
854

0
1, 029

5, 996

6, 339

6, 379

6, 783

1,210,393 11,275,836 j 1,274,888 1,345,454 | ,502,900
.146 I

.148 '

.151

,428,850 11,561,410

.151 I

.152

.154 i

408
500
413
379
740

384
478
413
416
718

423
469
408
406
698

.155

I

413
516
424
411
709 j

;
i
i
'

369
412
450
439
702

416
441
387
386
706

455
52S
433
442
740

PAPER AND PRINTING
WOOD PULPJ
Consumption and shipments
short tons-_
G round wood. „
short tons.. 119,361
Sulphate..
short tons - 164, 127
Sulphite, total
short tons.. 160, 156
Bleached
short tons._ 96, 763
Unbleached
short tons._ 63, 393
Soda
short tons
Damaged, off-auality & rnisc'l.short tons... 8, 629
Production, all grades
short tons..
Ground wood
__ short tons. _ ~112, 823"
Sulphate
short tons._ 162. 708
Sulphite, total
..short tons.. 160 985
B leached
short tons - _ 95, 849
Unbleached._____
short tons . 65, 136
Soda
.
-.
short tons Damaged,ofl-quality & mlsc'l..short tons..
(327"
Stocks.-.
...
...short tons..
Groundwood...
short tons__ 22, 742
Sulphate
„_. short tons-4, 784
Sulphite, total
short tons.. 45, 999
Bleached-.....short tons.. 27, 651
Unbleached
short tons.. 18, 348
Soda.
short tons_.
Darnaged, oil-quality &rnisc'l_.short tons..
147
Imports:
Chemical, totalf#
..__
short tons.. 201,284
Groundwood#
...short tons.. 23, 572
Price, wholesale, sulphite, unbleached
dol. per 100 lb_.
1. 98
PAPER§
Total paper:f
Paper, including newsprint and paperboard:
Production.
_____
-short tons..
Paper, excluding newsprint and paperboard:
Orders, new
..__
short tons._
Produetionf...
short tons_.
Shipmentst
short tons..

401, 864
98,365
127, 598
136, 623
78, 624
57, 999
30, 483
8,795
389,331
89,067
126, 332
135,193
78, 227
56, 966
30,022
8,717
97, 683
36,896
4,470
51, 233
35,953
15, 280
4,586

394, 485
98,100
124,418
134, 291
79,011
55, 280
30, 256
7,420
388,785
94, 007
125, 609
132, 294
75,977
56, 317
29, 171
7,704
91,984
32, 803
5, 661
49,236
32, 919
16,317
3,502

388,244
96,445
120, 807
135,317
78, 217
57,100
29,399
6, 276
386, 523
99,402
121,148
130,975
75,236
55,739
28,821
6,177
90, 263
35,760
6,002
44, 894
29,938
14,956
2,924
683

415.790 393, 987
107,413
97,411
139, 951 130,084
129, 249 129,5.7
77,100
77,174
52,149
52, 343
32,099
30, 639
7,078
6,336
419,946 398, 340
106,794 100, 575
139,329 131, 642
134,290 129,000
79,704
78,105
54,586
50, 895
32, 381 30, 989
7,152
6,134
89,343
m, 696
30,360
33,524
5, 285
6,843
49,735
49,218
32, 639 33, 570
17,096
15, 648
3,206 | 3, 556
757 j
555

405,454
102,102
136,479
127,281
77, 726
49,555
32,873
6, 719
417,948
110,057
136,076
133,143
80, 749
52, 394
31,794
6,878
106, 190
41,479
6,440
55,080
36,593
18, 487
. 2,477
714

228, 504 199,832 I
i 243,858 i 213,837 160, 649 143,576
31,097
23, 621 28,116 | 20,392 i 13, 796 20,457
1.90 !

1.90 ;

1.90 |

1.90

1.90 |

443, 272
110,806
136, 761
154, 300
98, 791
55,509
34, 784
6,621
441, 901
120,054
137,792
142, 459
90,474
51,985
35,104
6,492
104,819
50, 727
7,471
43,239
28, 276
14,963
2,797
585

437, 970 435, 358
112,758 111,905
148,433 147, 321
138,504 138,111
84,910
86, 494
53,594
51, 617
31,669
31, 497
6, 606
6. 524
450,. 261 435,885
120,427 110, 339
148,047 148,148
142, 889 139. 591
90,265 87,123
52, 624
32,282 31,' 643
6,616 I 6.164
117,109 117', 637
58,396
56, 830
7,085 ! 7,912
47,624 ! 49,104
33,631 j 34, 260
13,993 ! 14, 884
3,409 | 3, 556
595
235

122,060
13,905

166,048
21,437
1.91

426, 449
105, 467
144, 639
139,815
87, 940
51, 875
30, 355
6,173
410,296
97, 253
144,959
137,240
85, 984
51,256
30,687
6,157
107,485
48, 616
8,232
46, 529
32, 304
14,225
3, 889
219

*445, 491
*104, 895 104, 765
155,175 153, 066
444, 638 144, 641
°91, 217 88, 707
« 53, 421 55, 934
33, 072 33, 719
7,711
2
43S, 915
"91,925
155,327 !150, 885
147,587 |140, 333
«3 91, 282 84,903
56, 305 55, 430
33, 383 34,176
7, 693
1
100, 908
a
38, 646 29, 280
8, 384
6, 203
"a 49,478 45, 170
32, 369 28, 565
° 17, 109 ! 16, 605
4,199 ! 4, 657
201

235,129 207,444
14, 529 25,628

222,320 !208, 933
19,850 | 28,183

1.93

.193

819,300

753,581

776,471 j 867,931 ! 798,060 i 797,826 | 846,434 | "833,038

493,851 i 398,139 ; 369,837 451,268
488,727 | 410,096 i! 398,141 469,036
484,855 : 411,434 383,172 472,010

401,523
410,225
400,525

453,983
414,714

914,297 j 783,341 j 717,604

413,778

1. 94

843,19

485,208 | 415,828 406,228 j 466,482 j°428,549 | 457,021
496,498 | 432,814 429,324 474,040 | "439,309 442,472
485,666 I 424, 281 415,506 I 480,156 !«426,957 447,046

0
Revised.
• Since April 1935 figures are not as complete as during the period of the operation of the Code Authority. Figures for period January 1934-April 1935 would be fairly
comparable if reduced by about 15 percent.
A These series have covered a varying number of companies for period covered in survev; percentage of industry coverage not known. Reports have been from 12
companies since January 1934.
t i n September 1935 3 firms discontinued reporting; data of 3 firms of equal size were added, thereby maintaining the comparability of the series.
t Revised series. See p. 49 of the June 1933 issue for 1932 chemical wood pulp imports. Data on total paper for 1934, 1935, and 1936 revised. Revisions for 1934 and
months of 1935 not shown above will appear in a subsequent issue.
* New series. Data prior to October 1931 not published on plumbing brass,
# See footnote on p. 37, of this issue. Date for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issua.
§ The figures 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 are not comparablt with the data carried in the SURVEY from the American Paper and Pulp Assotiatinn through December 1933. The present classification of the association differs from that previously used by them, as well as from the Bureau of tho Census classification
In addition to the classes shown, the association also reports on printing paper (including uncoated 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, bur. 81 percent of the more comparable classifications of container board and boxboard; book paper, uncoated, 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.
1 See footnote marked " A " on p. 60 of the March 1936 issue,




54

SURVEY OF CURRENT BUSINESS

>er 1936

1936

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found
Decem
in the 1932 Annual Supplement to the Survey October October Novem-1
ber
ber

January

February

May

June

18,610
11,336
23,525
79.0
23,734
11,992

17,097
9,106
21, 409
71.0
21,308
12, 093

10,502
8,218
19,200
68.0
18,497
12, 245

16,876
6,657
2f, 226
66.3
18,885
12,878

18,581
18, 895
6s780 ; 7,407
20,103 : 19, 239
69.4 : 77.7
20,387 , 18,983
12,157
13,284

128,902 j 85, 548
65,508 ! 49,939
101, 669 107,533
80.0
85.4
107,116 105,689
73, 349
76,033

72, 890
37, 369
97, 369
77.5
90, 507
82, 280

77,313
35, 013
86. 676
71.6
83,7 is
83, t)14

82,107
33, 058
89, 210
73.4
SO, 040

85.004 s
33)831 i
93, 988
76. 0
92, 011
oS, 9~0

44, 620
16,169
47,990
45,119
61, 545

30,922
13,194
35, 561
33, 559
62, 510

31,041
12,274
3,", 077
33. 033
05. 7b 4

37, 073 , 61, ~'i(
10,011 I 0,t*4

151,013
73,312
140,120
144, 232
114,092

110, bb.">
72, 1 JO
111, olG
113,307
113.711

107, S I ' . 1*1,43-.
74,750 I 77,0Uw
lo},588 ' 117,141« «7,5S6 140, 740
109 "b0 ' 1 - '23

March

April

PAPER AND PRINTING—Continued
PAPER—Continued
Book paper:*
Coated paper:
Orders, new
short tons.. 20, 554
6,634
Orders, unfilled
short tons..
Production
_
short tons.. 22, 225
83.4
Percent of potential capacity..
Shipments
short tons.. 22,048
Stocks, end of month
short tons. 12, 334
Uncoated paper:
Orders, new
short tons. 101,413
Orders, unfilled
_
short tons.. 34, 270
Production
short tons... 103,417
83.5
Percent of potential capacity
—
Shipments
short tons.. 101, 648
Stocks, end of month.
short tons.. 89, 724
Fine paper:*
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.
Newsprint:
Canada:
Exports
short tons. i 280,733
Production
.short tons.. I 301,100
Shipments from mills
short tons. ! 307,250
Stocks, at mills, end of month
short tons. | 59,574
United States:
Consumption by publishers
short tons. 203,198
Imports #
- short tons. 260,135
Price, rolls, contract, destination, N. Y.
41. 00
base—
dol. per short ton.
Production, total
short tons. 81,027
Shipments from mills
.short tons. 81, 544
Stocks, end of month:
At mills
...short tons. 16. 424
At publishers
short tons. 235, 9^7
In transit to pub ishers__short tons. 51, 069
Paperboard:§
Consumption, waste paperf..short tons. -j 307,186
Orders:
New.._
short tons. 300, 687
Unfilled, end of month
.short tons. 138, 830
Production
short tons. 359, 905
i 82.8
Percent of capacity
Stocks of waste paper, end of month:
At millst--short tons. | 189,590
In transit, and unshipped purchases
short tons. •! o)
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic.._
_
.reams.. 85, 824
Foreign
..-_
reams.. 9,377
Paperboard shipping boxes:
Shipments, total..
mills, of sq. ft.. 2, 650
Corrugated*
mills, of sq. ft.. 2.392
' 258
Solid
fiber*.
mills, of sq. ft..
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, newf
(thous. of books)..

22,541 :
11,364
21, 844
66.8
22,752
15,050

31,096
17,314 <
24,697 !
76.0 ;
25,998 }
12,528 i

19,912
7,924
21,197
65.0
21, 728
16,064

19,264
7.225
20,066 !
58.1 ;
20,746
16,580 ;

17,352
10, 043
18,831 ;
63.7 i
19,145 :
14,961 ;

88, 329
32,771
95,894
72.4 !
92,415
74, 820

87, 252 i
35.065 :
89,262 !
66.4
91,197 :
74,399 I
I
29,802 !
8,245!
31,281 '
30, 709
56,867

82,658
37,746
91,075
71.5
84,964
79,518

'•98,108 •
j 40,212
j101,223 :
71.8 i
i
99,769
81,821

93,960
43, 739
96,068
73.9
96, 293
81,713

29,912
8,857
31,633
28,355
60,206

43, 582
10,560
41,979
43,467
59,143

36, 999
12,813
38,155
34. 803
62, 400

184,471
79,566
176, 973
175, 974
107, 655

134,343 125, 290
73,774
71,348
138,523 i 131,544
140,060 | 127,051
105,468 i 108,178

149.305
59,041
100,892
163.312
106,044

125, 557
58, 545
130.719
120, S21
110,424

133,755
61.447
132,887
128.056
114,000

240,421
266,515
266, 679

244,037
262,854
285,179

277,838
244,732
265, 233

184,884
227,955
181,403

184. 079
221,190
206, 010

256.564 192,894 j 258,288 : 2n% o^i 2<- (CO I 1 '.: r-TT 27V36S
242,900 ' 258,721 267,067 j 270. 881 J74 f,'J7 270,0-3 207.011
239,253 267,296 | 286,445 | 2b2.Gbi I T -'.4 27b,. 1 ° 2«.7,746

73,579 ! 50,993 i 30,138 : 76,658

92 082

37,763
8,666
39,075
38,959
56, 504

22, 352
10,351
23,106
63.4
23,640 :
16, 243

179,821 I 187,448 ! 186,514
222,811 | 234,305 ! 249, 876

161,185
179,982

40.00 I 40.00 j 40.00
79,974 I 78,955 i 75,809
82, 220 ; 81,151 ' 79,672

41.00
79,336
74,126

41.00
72, 249
70, 650

12,473 ; 10.266
203 377 240,838
53,302
4l!727

14,275
237,955
35,178

16,032
221,105
39, 387

14, 340
222, 362
34, 754

182.313
157.456

288,668 i 246,318 i 196,429 ! 229,064 ' 226,216

39,086
16,121
33, 676
35, 435
61,141

, 177,510
: 77,344
; 165,537
'< 101,543
118,269

96,254

85,629 | 66,240 ! 73.199

rZ/'r

r

tr.9*9

i7o, 884
205,701

.o\l-'
Jio >«'

175.811
238.317

183,399
203, 590

227, 216
262, 580

2J2, 1*7

41.00
76,504
77, 714

41.00
75, 719
77, 273

41 00
79. ^20
74, S.3*

4. "0

41.00
72 200
7') r>[vj

lb, 163 17,087
203,814 188,453
48, 567
40. 851

15,906
191, 463
44,860

21.0J7
19^,40 4
40,::.'

11, ^ ' 7 ' A, / - i
-''1.090
JlO.71'7

17.397

245,566 j 241,895

241,656

240,102

I1."*, 7~0

2b 1,040

1S3,974
220.641
41.00
70. 500
74, 4S2

237,601

1, 070

268,843 290,854 298,180
99,796
91,917 • 96, 202
271,107 •2bo. 257 294,929
09.4
71.6
68.4

216,040

193.919

39.737

39, 983

3S. 167

44, 306

66,453 ! 55,740
9,428 , 15,231

65, 784
7,712

59. 936
4, 575

67, 405
9, 769

77,561
10, 241

90, 064
7, 864

76, 084
9, 479

1,781
1,604
176

1,964
1, 768
195

1.846
1,653
194

2,095
1,873
222

2, 268
2 035
233

2.188
1,945
242

92,113
836
688
148
84

95,196
536
430
106
82

84. S53
842
676
166
83

95, 189
953
801
152
82

101, 805
854
718
136
84

96 677

100, 725
729
602

107. 837

'si

248
80

13,033

15,778

15,031

15 581

100,160
868
681
187
85
17, 503

1,991 •
1,796
195

94, 574
897
700
197
86

15,785 ! 15,500 f 14,966 |

157. 5 ")9
84. 346
HO, 87*
]")l. 107
112,702

r :M

283.890
94,210
270,928

2,412
2,165
247

31, 865
9, 995
30. 025
HI. 727
00. bOl

4V

351,887 ! 272,477 :234,753
81, 894
107,074 i 88,671
345,596 294,290 243,594
79.5
73.6 ]
60.9
214,685 213,297
211,029
40,780 ; 35, 044
35, 269

73, 057
9,082

j Gf.|jJ7

91,452
34, 208
95, 793
83.2
94,141
91.518

204,376

2,019 •
1, 804

204,353

280,899
92,784
289,527
71.0

! 290. 09S
I 90,402 l'»x. " ' 7 117,443
I 28^,082 2<J<>, 033 j ?19, °,9l
I
70 5
- 7 '
7C 7

213,435 I 218,330

0)

990
795
195
86

C'f* 012

jn: «v,

i 0;

17, 485

1J.I,7.3J

32S, 519
79 1
101,40

0)

Of. 709
7,306

79,469
30,176

455

•2. 249 2,69S • 2,809
1 994
485
2,382 '
321

. 384

104. 849 I 107 421
890 :
809
731 '
690
259
119
94
86 •
i(k 6S3

16 920

• Revised.
tRevised series. Data for period January 1933-January 1931, inclusive, on consumption anl stocks of waste paper at mills will be shown in a subsequent issue.
Sales books, new orders, have been revised beginning January 1935 to include the statistics of 2 members not included heretofore. The data now represent 90 percent
of all1 the sales books sold in the United States. For 1935 revisions see p. 54 ot the May 1936 issue.
Discontinued by reporting source.
§The 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 m thickness
reported by the cooperating manufacturers. Figures given on production and new and unfilled orders are for 91 identical manufacturers; and consumption and stocks of
waste paper for 82 manufacturers. Estimated coverage is given in footnote marked § on p. 53
•New series. New series on paperboard shipping boxes compiled by the National Container Association, Chicago, 111., from reports from all members of the industry of
record beginning in January 1934. The volume of companies not reporting each month is estimated by the association, so as to keep the series comparable. Prior to January 1934 data covering this industry were compiled by the Paper Board Industries Association. See footnote marked " § " on p. 53 of this issue for book, fine, and wrapping
paper.
#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 the December 1935 issue.




SURVEY OF CURRENT BUSINESS

December 1936
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

oo

1935

1936

1936

October October Novem- Decem- January

February

March | April

May

July

June

Sejteni t<6

j August

RUBBER AND RUBBER PRODUCTS
CBUDE AND SCEAP RUBBEft
Crude:
Consumption, total
long tons.
For tires and tubesjt
long tons.
Imports, total, including latext#-long tonsPrice, wholesale, smoked sheets, N. Y.
dol. per lb.
Shipments, world
...long tons.
Stocks, world, end of montht—long tons.
Afloat, totalt---long tons.
To United Statest
long tons.
London and Liverpool
-long tons.
British Malaya
long tons.
United Statest
long tons.
Reclaimed rubber:
Consumption
long tons.
Production
long tons.
Stocks, end of month
long tons.
8crap rubber:
Consumption by reclaimers
long tons.

40,965

38,192
23, 627
36, 378

38,500
* 22,818
26, 073

43,655
38, 648
* 23,198 " 27,437
33,921
39, 812

.165
77,000
474, 000
102,000
67,825
96, 625
60,000
215, 500

.127
75,000
655, 000
100,000
49,913
168, 570
71, 868
312,112

.131
63,000
623, 300
89,000
46, 588
166, 896
66, 794
294,610

.132
62,000
611,987
82, 000
39,094
164, 200
61,692
303, 000

10, 085
14, 737
15, 327

7,923
11,926
11, 784

7,494
11,482
12, 028

6,817
12, 307
13, 537

48, 519

b

47,372 ! 45,721
30, 916 j b 31, 088
38,273 I 26,450

33,071
38,433
46,707
*> 20,464 * 21,372 b 28, 666
34,339
34,874 i 45,830

b

.144
62,000
600,479
84, 000
43, 870
162,107
66,618
287,754

.154
63,000
599,355
85, 000
46,532
157,028
72,530
284,797

.159 !
.156
65,627 i
68, 013
511,931
j
533,411
89,000 I 90,000 i
47,228
!
48,860 I
130,599 ! 122,285 «
62,426 i
59, 866
237,220 i
253,955

8,031
11,665
14,326

10,188
15, 547

.159
60,000
558, 583
83, 000
47, 678
140, 404
66, 290
268,889

.159
68,000
574, 594
90, 000
58,935
147,712
61,045
275,837

5,893

7,014 i 8,266
10,712 i 11,382
16,039 j 16,193

29,772

45, 434
29, 518
37, 050

8,317
11,512
15, 889

b

. 165
82, 073
510. 872
106, 000
60, 343
113,386
63,838
227,649

9,238 ! 9,453
11,935 i 12,330
14, 925 i J3. 767

45, 257
*> 29, 017
41, 788

4c.. 4u3

5i), OS*
.164
70,000
485, 600
96, 000
62, 240
103,962
60, 287
225 2"^

.163
72,000
492, 439
99,000
63, 597
108,215
63,138
222, 086

8,794 '
12,856 i
14,741 !

31,033 I.

28,994 '

TIRES AND TUBES:
Pneumatic casings:
Production
thousands.
Shipments, total
thousands.
Domestic
thousands.
Stocks, end of month
.thousands.
Solid and cushion tires:
Production
.thousandsShipments, total
-thousandsDomestic
..thousands.
Stocks, end of month
thousands.
Inner tubes:
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

b

3, 281
> 3, 317
> 3, 258
* 6, 715

* 3, 238
» 3,232
» 3,170
* 6,682

k 3, 282
b
3,365
» 3,311
b
6,639

k 3, 709
b
3,139
* 3,079
* 7, 224

b

b
2, 898
2, 947
6 2,601 ! b 3,123
2,545 j h 3f 065
b
b
7,504
7,360
b

6
b
19
* 41

* 23
Ml

3, 592 b 3,193
3, 262 6 3, 035
fc 3, 215 * 2,9S8
» 6, 523 * 6,611

» 3, 279
*> 3, 268
b
3, 229
> 6, 667

b

b

14,148

b

13,523

«<23
6 22

M0

15 j
fc 17
5
17 j
it I

i h 3, 932
| *>3,971
j b 3,917
! * 7, 318

M6 |
* 21 !
» 21 !
, i

& 12,059

:

4, 027 ! b 4, 544
t 4, 427
4, 724 | M , 692 : t 4, 653
h
*> 4, 659
4, 626 ! b 4, 599
b
b
6,623 ! 0,345 i & 6.275
b

b

33
h
32
"32

b
3, 719 h 2,880 i «> 3, 068 ! 13, 90S
^3,376 ! >2,791 j &3.074 ! *>3,844
5
t-3,330 ! «»2,748 i &3.027
3,792
>6,984 i »7,046 | fc 7,040 ! * 7,118

& 13, 632 !b 15,988

b

43,417 |b 16, 571

> 39
& 34
1
34
1
37

t-30

,
1
b
4, 031 :
t 3,978 j
6313
fc

JL, 107
b\ Obi
72K

34 i

& 28

fc

4,078 . & 4,194 1 4, 081
b
4, 458
i 4, 6G4
4, 1(30
4, 4
& 4, 490 * 4, 125
7, 063 ! * 0, 565
«fi
fi,257
257 b G> 172

b
3, 903
* 3,984
3,931

b

h

17,099 i ''15,494 \ MS, 2:1 j '17,152

j

Rubber bands, shipmentsA
thous. of Ib._
319
Rubber-proofed fabrics, production, totalA
thous. of yd_.
Atito fabrics
thous. of yd—j
533
Raincoat fabrics
. . . t h o u s . of yd..I
Rubberflooring,shipmentsA-thous.ofsq.ft-J
3$S
Rubber and canvas footwear: 0
j
Production, total
.thous. of pairs..
9, 751
Tennis
thous. of pairs..
1,280
Waterproof
thous. of pairs..! 5,471
Shipments, total
thous. of pairs..!
7,897
Tennis.
thous. of pairs...
795
Waterproof.
.thous. of pairs.., 7,102
Shipments, domestic, total.thous. of pairs..j
7,844
Tennis
.thous. of pairs..!
751
Waterproof
thous. of pairs..!
7,093
Stocks, total, end of month-thous. of pairs... I 13,430
Tennis
thous. of pairs., j 3,780
Waterproof
thous. of pairs..
9, 051
Rubber heels:A
Production...
thous. of pairs..
(i)
Shipments, total*.—
thous. of pairs..
(1)
Export
thous. of pairs..
(1)
Repair trade
thous. of pairs..
(i)
Shoe manufacturers
thous. of pairs._|
(i)
Stocks, end of month
thous. of pairs..!
(1)
Rubber soles:A
Production
thous. of pairs..
0)
Shipments, total*
thous. of pairs..
0)
Export
.thous. of pairs..
(0
Repair trade
thous. of pairs..
(l)
fl
Shoe manufacturers
thous. of pairs..
)
Stocks, end of month.
thous. of pairs..
0)
Mechanical rubber goods, shipments:A
Total
thous. of doL.
(i)
Belting
. . . t h o u s . of dol..j
(1)
Hose
.thous. of doL.i
(1)
Other
.thous. of d o l . J
(1)

334

363

363

264

206

5, 571
449
2, 866
492

3, 269
395
1,291
450

2,760
313

2,864
219

604
450

603
371

2,950
191
786
322

5,874
1,297
4,577
5,733
673
5,059
5,705
654
5,051
14, 700
4,761
9,939

5,172
1,301
3,871
5,657
491
5,165
5,626
467
5,159
14, 200
5,571
8,630

5,993
1,661
4,332
6,276
830
5,446
6,252
815
5,437
14,967
6,743
8,224

5,925
2,174
3, 751
6,144
2,061
4,083
6.109
2,042
4,067
14,886
6,839
8,047

5. 231
2,498
2,732
4,819
1,929
2.890
4,788
1,915
2, 873
14,957
7,305
7,652

18,517
18,814
296
5,029
13,489
36, 291

16, 024
16, 886
428
4,173
12, 285
30, 710

16,649
17, 094
348
2,829
13,917
30, 374

0)
(0
0)
0)
0)
0)

4,022
4,141
1
625
3,515
3,731

3,399 I
3,528
11
492
3,025
3,121

3,698
3,544
1
401
3,142
3,164

0)
0)
0)
0)
0)
0)

5,015
1,155
1,438
2,422

4, 755
989
1,319
2,447

5,200
1,027
1,408
2,765

0)
0)
0)
0)

0)
0)
0)
0)

8
0)
0)
0)
0)
0)
0)
0)
(0
0)
0)

236 i
3,467 ;
199 !
1,289 I
422 !
i
5,905 !
2,937 !
2,969 !
5,041 I
3,019 s
2,022 j
5,011 !
2,997
2,014
15, 804
7,207
8.597

209

266
4,134
265
1,442
485

3, 666
244
1,446
523

5, 876
2,888
2,988
4,970
3, 519
1,451
4,928
3,480
1,447
16, 699
6, 565
10,134

5,227 !
2,058 i
3,170 !
4,429 !
3,333 I
1,096 !
4,399 |
3,309
1, 090
17,497
5, 289
12, 208

4. 001
334
1.473
4 S3

5. 059 I
4,671
2,018
1.244
3, 641
?>, 327
4, 334
\ 431
:
2,791
2. 034
1,543
3, 397
4,290
•5. 407
2,751 '
2, 018
1.539
3,390
18, 822
17, 962
4,519 : 3,729
14, 303
14, 233

4, 5^4
370
1,842 i
614
5, 588
1,377
4,212
0,877 i
1,443
5, 435 i
6,851 ;
1,420
5.431 '<
1G^ 626 ;
3,615
13,010 :

0)

i

0)

i

0)

!

0)
0)

0)
0)
0)
0)
(0
0)

()

0)
0)
0)
0)
0)

0)
0)
0)
(0
0)
(0

0)
0)
(0
0)
0)
0)

0)
0)
0)
0)
0)
0)

0)
0)
0)
0)
0)
0)

0)
0)
0)
0)
0)
C1)

0)
0)
0)
0)

0)
0)
0)
(0

0)
0)
0)
0)

0)
0)

0)
0)
0)
0)
0)
0)

k

0)
0)

ISO

3, 7S2
256
1, 142
4bb

88

0) i

(v

\ Of.,-.
.48:

;

(I)

0)

See footnote marked '
i Discontinued by reporting source.
t D a t a for 1934 a n d for t h e period J a n u a r y to J u l y 1935 are e s t i m a t e d t o represent a p p r o x i m a t e l y 97 percent of t h e i n d u s t r y ; for s u b s e q u e n t m o n t h s t h e coverage is
e s t i m a t e d t o b e 81 percent. Previously p u b l i s h e d d a t a are e s t i m a t e d t o cover a b o u t 80 percent of t h e i n d u s t r y for 1929-33, inclusive, a n d 70 to 80 percent prior t o 1928.
#See footnote on p . 37 of this issue. D a t a for 1933 revised. See p . 20 of t h e October 1934 issue. F o r 1934 revisions see p . 20 of t h e D e c e m b e r 1935 issue.
• I n October 1933, 4 n e w c o m p a n i e s were i n c l u d e d i n t h e report a n d 1 a d d i t i o n a l c o m p a n y in J a n u a r y 1934. Since t h a t m o n t h , t h e coverage of t h e i n d u s t r y is 100 perc e n t . F o r preceding periods t h e coverage varied; in 1929 it w a s 90 percent; in 1931, 80 percent; a n d in 1933, 95 percent, according t o t h e C e n s u s of M a n u f a c t u r e s . Overl a p p i n g figures are available for October 1933. See t h e October 1934 issue for October 1933 d a t a for t h e smaller n u m b e r of firms.
• N e w series. Earlier d a t a n o t p u b l i s h e d o n total s h i p m e n t s of r u b b e r heels a n d r u b b e r soles prior t o D e c e m b e r 1932.
fRevised series. D a t a on c o n s u m p t i o n of r u b b e r for tires a n d t u b e s revised for 1932,1933, a n d 1934. See p . 51 of t h e A u g u s t 1934 issue. Revised d a t a from S e p t e m b e r
1930-December 1934—rubber world stocks, world afloat, a n d afloat to t h e U n i t e d States a p p e a r on p . 20 of t h e J u l y 1935 issue; for 1932 revisions for U n i t e d S t a t e s stocks r set
p . 60 of t h e M a y 1933 issue. See p . 50 of t h e J u n e 1933 issue for c r u d e r u b b e r i m p o r t s .
A C o v e r a g e s of R u b b e r Association d a t a has varied considerably over period for w h i c h d a t a h a v e been s h o w n in S U R V E Y . Coverage was generally higher in 1524 L i d
1935 t h a n in earlier years.




56

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and refer- |
ences to the sources of the data, may be found ~ ,
Ortohflr
'•
Novem-1
Decem- January I FebruIn the 1932 Annual Supplement to the Survey | October U c t 0 D e r |
ber | ber
ary

December 1936
1936

April

March

May

June

July

P

August

STONE, CLAY, AND GLASS PRODUCTS
BRICK
Common brick:
Price, wholesale, red, N. Y.
dol. per thous. _
Shipments*
thous. of brick..
Stocks*
thous. of brickFace brick (average per plant):
Orders, unfilled, end of mo.
thous. of brick..
Production (machine)* thous. of brick..
Shipments
thous. of brick..
Stocks, end of month*
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..

10.50

0)
(0
C)
0)

9.50
117,031
423,651

9. 50
9. 50
95, 673
73, 586
424,737 I 426,550

9. 50
56,471
417, 482

!
9.50
10.50
154,473 171,418
322, 719 335,768

9.50
109,641
363.932

9. 50
44,736
405, 866

10.50
10.50 !
10.50
10.50
172,892 170, 135 '172,748 173,576
368, 638 398, 870 '417, 660 418, 267

294 i
348 !
311 i
2,223

354
322
235
2,334

I
\
I
!

562 I
309 i
147
2,485

747
179
95
2,385

833
172 I
66
2,477

0)
0)
0)
0)

0)
0)
0)
0)

0)
0)
0)
0)

(0
0)
0)
0)

0)
0)
0)
(0

(0
0)
(0
(0

0)
0)
0)
0)

390
2,115
129
1,927
2,164

400
1,399
83
1,280
2,185

!

1,225
1,274
33
896
2,451

1,690
486
36
714
2,046

7,965
1,032
29
1,085
2,285

7,928
2,220
186
2,129
1,600

1,753
1,449
143
1,688
1,103

1,380
2,278
137
2,163
1,084

2,945
3,690
264
3,235
1,340

2,100
3,427
197
2,896
1,812

1,540
3,921
201
3,377
1,939

1,535
2. 916
1^ 017
2, 199
1,835

5,454
79, 753

6,178
79, 468

4, 715
81,191

3, 892
79, 730

2,052
79, 677

4,856
79, 408

7,858
76, 073

8,972
75, 447

11,476
71,800

10,920
68, 380

8, 724
70,6S3

1.667
12, 470
56.0
13,089
18,119
4, 882

1.667
7,510
33.1
8,794
20, 501
5,891

1.667
7,093
32.2
5,976
21,613
5,607

1.667
5,803
25.6 I
4,514
22,908 i
5,226 |

1.667
3, 630
16.1
3,889
22,686
5,214

1.667
3,454
16.4
3,156
22,971
5,590

1.667
5,263
23.4
7,138
21, 126
5, 625

1.667
8,519
39.2
9,089
20, 571
5, 328

1.667
10, 985
48.9
11,121
20, 431
5,071

1.667
11. 273
52.3
12,417
19, 281
4,912

1. 667
11,446
51.3
11,766
18, 975
5, 079

1.667
1.G67
12, 535 12, 292
57.1
56.2
12, 560 12, 564
18,920 "18,738
a
4, 838
4,931

4, 250
72.2
4, 310
6,828

3,616
60.8
3,569
7,675

3,271
59.4
2,938
7,836

3,059
55.5
2,537
8,328

3,114
52.1
2,916
8,437

3,047
3,339
55.4 i 58.4
3,031 ! 3,434
8,410 : 8,270

3,604
63.0
3, 604
S.224

3,810
69.3
3,996
7,942

3, 898
68.1
3,999
7,792

3,844
67.2
4,179
7,48S

2,355 |

2,356

2,594 !

2,899

2,474
2, 138

2,620
2.154

2, 783
2,591

1, 996

2,374
92. 5
3,123

2, G84
104. 6
3,056

10, 800
71,655

PORTLAND CEMENT
Price, wholesale, composite
dol. per
Production
thous. of
Percent of capacity
Shipments.._
_.thous. of
Stocks, finished, end of month.thous. of
Stocks, clinker, end of month.thous. of

bbl_.
bbl-.,
..
bbL.
bbl..
bbl..

I

GLASSWARE, ETC.
Glass containers:#
Production
thous. of gross..
Percent of capacity
Shipments
thous. of gross..
Stocks, end of month—.....thous. of gross..
Illuminating glassware:*
Orders:
New and contract
number of turns..
Unfilled, end of month
number of turns..
Production....
..number of turns..
Shipments:
Total
number of turns..
Percent of full operation
Stocks, end of month.... number of turns..
Plate glass, polished, production!
thous. of sq. ft..

20, 753

!
j
I
!

2,485 i

2,416 !

1,817 |

2,261

1,853

2,110

2,381

2,193 I

2, 680
2,705

2,730 i
2,672 I

2,477
2,292

2,749
2,159

1,883
2,148

1,904
1,866

2,109
2,039

2, 584
100. 7
3, 450

2,339 !

2,067
80.6
3,735

1,965
76.6
3,753

1,978
77.1
4,045

1,913
74.5
3,887

2 127
82.*9
3,916

2,189 I 2,274 !
2,085 j 2,171 i
2,086
2,250 I
81. 3
87.6 I
3,954 | 4,009

16,112

17, 276

13,857

16,057

19,455 j 19,192

.! 124,302
.j 498,765
_j 140,363

8,098 I
355,875
93, 338

!

J 345,826

310, 448

.; 66, 969
- i 62,886
5,716

57,818
60,361
5,768

235, 111

205,353

91.1 j
3,618 j

16,593 I 15,909

16,244

4,135

4,403
77.0
4,346
7,422

; 3, 994
I 72. 6
j 4, 345
; 7,015

16,428

18,710

19,553

975
110

1,552
194

1, 120
134

90, 521 "95,106
306,998 °303,043

89, 264
309,960

GYPSUM*
Crude (quarterly):
Imports...
_..short tons..
Production
..short tons..
Shipments (uncalcined)
short tons..
Calcined (quarterly):
Production
__
short tons..
Calcined products (quarterly):
Shipments:
Board, plaster (and lath)..thous. of sq. ft..
Board, wall
.__
thous. of sq. ft..
Cement, Keenes
short tons..
Plasters, neat, wood fiber, sanded, gauging, finish, etc
.
.short tons..
For pottery, terra cotta, plate glass, mixing plants, etc
short tons..
Tile, partition
thous. of sq. ft..

559,247

i

34,814 I...
2,420 ..._

I
!____

i 163,479
i 727,729
| 221,330

!
i
!

I 115,044
I
96,022
!
9,676

i

!

|

! 368,638

38,834
I 2,716

50, 252
3, 959

TERRA COTTA
Orders, new:
Quantity
Value

-.short tons., j
thous. of dol..

982
120

1,027
124

1,267
149

1,509
179

1,906
211

1,105
138

1, 050
146

1,945
215

55,663
45,069 | 31,361 j 28,480
329, 489 335,104 337,465 I 330,262

21,952
327,112

48,330
318,059

68,536
310,262

1,390
159

1,706
202

TILE
Hollow building tile:*
Shipments
Stocks
a

short tons..
short tons..

78,774
89,415
312,141 I 311,830

l
Revised.
Discontinued by reporting source.
*New series. Earlier data not published on illuminating glassware prior to July 1932 (except production and percent of capacity); for earlier data see p. 20 of the June
1933 issue, face brick, machine production. Series on common and vitrified paving brick and tile beginning January 1934 were shown on p. 20 of the June 1935 issue. For
earlier data on gypsum see p. 20 of the January 1933 issue.
{Adjusted for degrading and year-end physical inventories.
tData on plate glass represent the total output of the industry. Complete figures for the months of 1932 were shown on p. 52 of the March 1933 issue, foi 1933 on
p. 52 of the March 1934 issue, and for 1934 revisions p. 56 of the March 1936 issue.
#Monthly series on glass containers for 1934 and 1935 are not comparable with those of earlier years due to increase of number of firms reporting to 44. Shipments of the
44 firms for the year of 1933 amounted to 33,048,747, compared with 23,603,582 for the 30 firms reporting for the same year. Comparable statistics on shipments for the
companies, now reporting by years, from 1928 to 1933, inclusive, were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949;
and 1933, 33,048,747. Data are not available for this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend
of these data that the monthly figures prior to 1934 had a downward bias. Basis of estimating capacity was changed in computing the new series. Data for 1934 revised:
see p. 52 of the May 1935 issue; for 1935 revisions see p. 56 of the June 1936 issue.




December 1936
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

57

SURVEY OF CURRENT BUSINESS
1936

1935

1936

Decem- January FebruOctober October Novemary
ber
ber

March

April

July j August | S e ^ m

June

May

TEXTILE PRODUCTS
CLOTHING
Hosiery:*
Production
thous. of dozen pairs..
Shipments
_.-thous. of dozen pairs..
Stocks, end of month
thous. of dozen pairs..

11, 574
12,164

10, 293
10,231

8,918
8,648

10,099
8,487

9,252
8,662

9,832
10, 420

10, 201
10, 176

9 ,270
9 ,379

9.479
8, 847

9,983
9,322

17,299

17,319

17,547

19,261

9,951

19,464

19, 589

19 ,581

20,314

20, 975

512

500

590

516

551

577

531

543

406

405

353

10,111
11, 156

10,828
12,117

19,930 I 18,641

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 sighti
thous. of bales..
Stocks, end of month:f
Domestic, total mills and warehouses
thous. of bales..
Mills
thous. of bales..
Warehouses
thous. of bales..
World visible supply, total ..thous. of bales..
American cotton
thous. of bales..

646

553 |

861

712

1,135

9,880
10

7,744

9,357
7

.122
.123
12,400
3,410
9,431
1,403
8,028
7,679
5,845

.109 |
.112 I

.115
.120

3,145 I 2,315
I
9,560
9,978
1,078
1,349
8,482
8,629
7,060
7,697
5,807
6,383

b

9, 755 < 10, 248
14
13

.114
.121
/10, 638
1,332
9,820
1,431
8,389
7,768
6. 363

9,281
1,436
7,845
7,590
5,918

298

352

10, 420
16

"l3~

.110
.116

.109
.114

.112
.117

.112
. 117

.114
.120

691

496

437

381

310

8,653
1,405
7,248
7,385
5,591

7,907
1,337
6,570
6,825
4,992

7,179
1,190
5,990
6,540
4,574

I
6, 329
1,090 1
5,239
6,025
4, 121

.290
.415

.278
.393

.274
.385

.271 !
.385 I

21, 745
12, 316

19, 685
9,836

""18"

.111
.119 |
819

630
182

570

1,374
13

6, 031

.126 I
.132

.122
.123

.125
.123

201

808

'2,810

5,089
752
4,337
4,748
2,986

849
6, 806
6, 378
4, 578

....

4, 834
897
3,938
4.899
3, 091

5 514
989
4 524
5, 423
3 579

COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
22/ls, cones (Boston)
dol. per lb...
40/ls, southern spinning*
dol. per lb__
Cotton goods:
Cotton cloth:
Exports§
thous. of sq. yd..
Importst#
—thous. of sq. yd..
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd..
Sheeting, brown, 4 x 4 (Trion mill)
dol. per yd—
Cotton cloth finishing:*
Production:
Bleached, plain._
thous. of yd-.
Dyed, colors
thous. of yd..
Dyed, black..
thous. of yd..
Printed
-thous. of yd..
Stocks:*
Bleached and dyed
thous. of yd-.
Printedthous. of yd—
Spindle activity:!
Active spindles
thousands..
Active spindle hours, total
millions of hours.
Average per spindle in place
hours..|
Operations
percent of capacity., j

.304
. 405
15,359
8,034

.312 j
.408 I
15,529
5,876

.323
.415

.321
.415

.299 j
.415 I

16,935
6,174

12, 466
4,910

15,489
9,489

15,392
8,799

.068

.064

.064

.064

.058

.056

.055 !

.077

.078

.082

.083

.075

.071

.070

121,419
105,698
5, 831
88, 890

110,885 102, 292 101,310 97,435
102, 066 96, 507 84, 239 87,685
6,499
4,554
3,969
5,399
97,972 97, 331 104, 720 100, 528

166, 771
80, 329

199, 328 205, 719 203, 494 197,107
93, 795 95, 790 107,382 105,464

23,638
8,328
298
123. 3

23,128 | 23, 194

23,399

23,323

6,804
7,437 ! 6,898
251 I 233
233
103.7 j 101.1 103.8

7,709
266
111.9

92,807 ! 107,893
90,390 ( 101,739
4,118
4.140
91,860
95,274

18,840
16,843
8,680 | 14,624

.053 .051 |
.067

.054 |

. 295
.385
18, 527
4,705

.303
.401

.301
. 388

24,412 I 14,387
5,802 j 7,098

.059

.059

. 072

.075

.060

. 065

. 066

104,837 I 105,062
103,3 3305
98, 345
4,087
4, 364
91,074
89,518

104, 630
90, 398
4,675
90, 338

101,904 I 104,667 j 107.706
91, 620 100,061 ! 100,042
7,690 | 6,420
6, 357
91, 157
86, 514
9.1, 273

188,124
105, 782

135,548
94, 557

198,508
103,179

183, 292
99, 684

187,333
93, 275

191,956
103,419

23,348

23,182

23,119

22, 833

7, 254
251
251
107.9

7,313
255
110.7

6,896
242
105.2

6, 735
233 !!
105.2

.271 !
.373

I

154, 264
88, 815

171,340
86, 798

23,021 | 23,252 I 23,434 \ 23.514
7, 320 i
259 1
111.0 !

7, 855 I
279 I
110.8 !

7, 573 j S, OSS
270 |
289
115.8 ! 125.8

RAYON AND SILK
Rayon:
j
Deliveries:*
I
504
422
Unadjusted
1923-25-100.. I
494
464
517
433
498
428
633
537
473
477
475
399
462
Adjusted..
1923-25=100-!
454
416
623
522
446
808 !
387
586
557
487
3-mo. moving average of adjusted index
1923-25 = 100-1
522
468
514
499
423
420
495
626
594
447
483
145
509
611
312
392
346
699
551
683
1, 242 I 2,441
2,072
Importstl
thous. of lb_ J 1,113
Price, wholesale, 150 denier, " A " grade I
.60
.57
57
.57
.57
.57
.57
(N. Y.)
dol. per Ib.. |
.57
.60
.57
.58
.60
.60
Stocks, imported, end of month
097
231
238
235
237
228
227
227
thous. of lb__
229
227
Silk:
36,000 ! 34,564
42 016
48,167
37, 012 35.559
38,995
32,053
32 087
Deliveries (consumption)
.__.bales.. 43, 093
31, 437
36 658
45. 709
6,953
8,218
6,365
6,061
6,275
4, 143
3, 480
4, 647
Imports, rawt#
thous. of lb_.
6 315
6, 900
4 066
4 753
5,518
Prices, wholesale:
1. 756
2.092
1.958 !
1.733
2.084
1.784
Raw, Japanese, 13-15, N. Y_dol. per lb._
1.950
1.682
1.597
1.600
1.714
1.791
1. 695
1.00
1.00
Silk goods, composite
dol. per yd—
1.00
0)
0)
0)
0)
(0
0)
0)
0)
0)
0)
Stocks, end of month:
World visible supply*
bales.. 153, 500 182,077 185, 748 194,941 186,911 175, 380 165, 689 158, 498 145, 266 132, 609 142,439 151,125 148,253
46, 777 51, 458 54,941
United States (warehouses)
bales.. 30, 300
64, 680
53, 689
56,511
40,066
35, 409
46,098
30, 139
29, 825
29, 553
b
c
d
« Revised.
As of Dec. 13.
As of Nov. 1.
As of Jan. 16.
/ Final estimate.
» Discontinued by reporting source.
*New series. Hosiery compiled by the National Association of Hosiery Manufacturers and estimated to 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 issue; these data are compiled by Rayon Organon. New series on world visible supply of silk. For monthly data from January 1922-June
1936, see the July 1936 issue, p. 20.
f For revisions for crop years 1931-32, 1932-33, 1933-34, 1934-35, and 1935-36, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, p. 53 of the October
1934 issue, p. 57 of the October 1935 issue, and p. 57 of the September 1936 issue, respectively.
fFor revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32, 1932-33, 1933-34, 1934-35, and 1935-36, see p. 20 of the February 1933
issue, pp. 52 and 53 of the November 1933 issue, p. 53 of the October 1934 issue, p. 57 of the October 1935 issue, and p. 57 of the October 1936 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 the December 1935 issue.
#See footnote on p. 37 of this issue Data revised for 1933; see p. 20 of the October 1934 issue; data also revised for 1934, see p. 20 of the December 1935 issue.
•Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data at the end of
•ucceeding 4-week periods.
JFor 1932 revisions see p. 63 of the June 1933 issue, for 1933 revisions see p. 20 of the October 1934 issue, and for 1934 revisions see p. 20 of the December 1935 issue.




SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and referaaces to the sources of the data, may be found
In *.he 1932 Annual Supplement to the Survey

1936

December 1936

1935

1936

Decem- January
October October November
ber

February

April

March

May

June

July

August

^

TEXTILE PRODUCTS—Continued
WOOL
Consumption:
Total, grease equivalent basis}:
thous. of lb__ & 74,068
Apparel class, scoured basis*..thous. of lb__ » 25, 902
Imports, unmanufactured^
thous. of lb_. 23, 550
Operations, machinery activity:^
97
Combs, worsted
percent of capacity..
Looms:
Carpet and rug
percent of capacity..
Narrow
percent of capacity..
Wide
_
percent of capacity..
Spinning spindles:
Woolen
percent of capacity.. 1
Worsted
percent of capacity..
Prices, wholesale:
.90
Raw, territory, fine, scoured...dol. per lb._
.39
Raw, Ohio and Penn., fleeces.dol. per lb_.
Suiting, unfinished worsted, 13 oz. (at mill)
1.652
dol. per yd..
Women's dress goods, French serge, 54" (at
1.064
factory)
dol. per yd._
Worsted yarn, 2/32s, crossbred stock, Bos1.25
ton
dol. per lb—
Receipts at Boston, total A
thous. of l b . . 15, 478
Domestic
...thous. of lb.. 12,060
3,418
ForeignA
thous. of lb..
Stocks, scoured basis, end of quarter:*J
Total
thous. of l b . .
Domestic
thous. of lb..
Foreign
thous. of lb..
Combing
thous. of lb__
Clothing
thous. of lb_.

78, 727 > 72, 993 73,367
29, 565 > 27, 528 * 27, 730
23,498
18,041
18,467

73,908
28, 223
21,167

6

64, 193
24, 488
21, 212

* 53,460
6
20,369
25, 298

b

«> 55, 387 b 46, 593
b
20, 588 * 17,294
23, 883
17, 207

* 54, 533 b 68, 718 6 63, 449 f> 60, 763
» 20, 075 * 24, 697 6 23,005 6 21,477
16, 079
17,541
17, 546
19,639

124

125

107

117

88

74

72

93

106

95

54
42
84

53
44

45
43
00

46
48
90

52
44
90

50
38
80

50
36
76

48
34
76

48
36
74

47
36
69

56
43
73

61
41

106
81

104
83

93
73

95
62
.87
.39

82 |
60 I

87
57

87
57

90

97
68

88
65

.92
.42

.93
.42

.37

.87
.37

.90
.38

.89
.39

.89
.38

.89
.38

1.742

1.782

1.782

1.782

1.745

1.634

1.634

1.H4 1.114

1.114

1.114

1.114

1.114

1.074

1.28
25, 599
21, 761
3,838

1.30
54, 421
50,424
3,997
147, 057
110, 898
36,159
98, 310
48, 747

1.29
66, 708
64, 300
2,408

1.28
21,694
20,101
1,592

1. 26
16,156
13,153
3,004

.81

.84

1.624

1.708

1.733

1.733

1.733

1.040

1.052

1.064

1.064

l.ioi ;

1.25
1.29
18,525 I 19,214
11,803
10,982
6,722
8,232

1.30
12,875
5,285
7,590

1.31
17, 524
6,410
11,113

1.33
18, 581
4,576
14,006

116,299
86, 383
9,916
71,531
44, 768

1.33
22, 258
4,845
17, 413

1.30
20,495
6,071
14,424

105, 096
60, 473
44, 623
60, 429
44, 667

m

125, 940
99,601
26,339
81,967
43,973

MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
61.0
Production
pet. of capacity..
7,461
Stocks, end of month
thous. of gross..
Fur, sales by dealersf
thous. of dol.. v 2,191
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of month
2,410
thous. linear yd_.
6,081
Pyroxylin spread
thous. of l b . .
5,408
Shipments, billed
thous. of linear yd..

a
.50. 9
«7, 035
2,158

52.8
7,136
1,193

48.9
7,151
1,224

45.0
7,925
2,493

53.7
7,956
3,761

53.4
7,989
4,045

51.9
8,003
4,053

51.2 j 50.5
8,046
8,061
3,857
3,133

42.6
7,690
3,433

55.2
7,660
3,575

56.0
7,550

2,592
5,125
4,616

2, 300
4,152
4,084

2,154
3,895
3,845

2,033
3,951
3,715

1,943
3,894
3,876

2,475
5,121
4,689

2, 459
5,647
5,118

2,273
5,423
5,013

2,000
4,930
4,608

2,460
4,686
4,501

2,612
5,375
4,972

2,668
6,087
5,232

"381
a
239
71
71

259
135
57
67

358
257
43
58

207
121
66
20

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, totalt
Commercial (licensed)t
Military (deliveries)
For export.-

number
number..
number..
.number._

159
112
17
30

124
59
39
26

109
61
37
11

«123
a
55
50
18

j "139
I a 75
!
39
!
25

°206
«98
84
24

227
106
93
28

a

297
"201
70
26

AUTOMOBILES |
Exports:
Canada:
7,603
6,607 |
5,515
3,931
4,573
5,576
2,886
4,545
3,726
3,514
3,414
4,424
5, 222
Automobiles, assembled, total-number..
3,639
3,945
5,143 I
3,537
1,607
3,307
3,108
3,438
2,629
4,087
1, 822
2,153
2,335
Passenger cars
number..
United States:
Automobiles, assembled, totals
25,654 : 25, 959
28,012
22, 525
14, 580
30, 529
28,920
28, 575
10,939
24,042
15, 728
26, 053
number.. 16, 720
15,867
7,471
22, 491
17,736
12, 714
17, 727
16,046
18, 921
9,894
8,323
4,564
14, 987
17,723
Passenger carsc?
...number..
7,109
8,038
9,999
10, 848
9,787
10, 276
9,913
6,826
6,375
9,055
9,811
7,405
8,330
Trueksc?
number..
Financing: ®
74,188
90,191
97, 508
87,169 143, 515 172,982 176,316 186, 550 168, 685 140, 436 122,158
Retail purchasers, total
thous. of dol.. 100,696
42,179
94, 664 116, 297 116, 569 125, 916 112,795
56, 284
60, 531
64, 605
55, 232
91, 206
76,863
New cars
thous. of dol.. 58,486
31,122
59, 606
54, 980
31,868
31,432
48,044
31,906
28, 708
55, 705
58, 695
41, 580
44, 768
48, 368
Used cars
thous. of dol
910
807
1,028
887
951
980
1,051
505
997
861
630
828
Unclassified
thous. of dol
Wholesale (manufacturers to dealers)
75,907 I 132,315 149, 728 118,872 I 113,830 154,147 189,481 180,665 174, 277 162, 404 127,032
thous. of dol_. 72,086
55,341
• Revised.
p Preliminary.
#See footnote on p. 37 of this Issue,
* Since July 1934 report has been on a weekly basis. Data for September and December 1934, March, June, September, and December 1935, and January, April, and
July 1936 are for 5 weeks; other months, 4 weeks. Figures for July 1934 and succeeding months are computed from Census Bureau figures so as to represent 100 percent of
she wool industry; earlier figures incomplete.
•New series. Wool stock series began in June 1934. See p. 20 of the July 1935 issue for earlier data and explanation of new wool consumption series.
•Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed flbrmal (currently based on the single-shift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry. Since December 1934 no allowance has been made for holidays.
AForeign receipts beginning January 1934 are compiled by 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.
^Compiled by the Bureau of the Census and represent stocks of raw wool held by all dealers, topmakers, and manufacturers who usually hold significant stocks of wool.
The figures for the 3 quarters of 1934 have been revised to include the "grade not stated."
J Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool Is multiplied by 2 and pulled wool by \\i.
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 the monthly wool consumption
report, from which can be computed the present data, using formula given.
§For
1932 revisions see p. 53 of the June 1933 issue, for 1933 revisions see p. 20 of the October 1934 issue, and for 1934 see p. 20 of the December 1935 issue
d1 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, p. 19 of the December 1935 issue.
JIndex of sales of new passenger cars is shown on p. 26 of this issue.
tData for 1935 revised (airplanes). See p. 58 of the April 1936 issue. Fur sales revised for 1935, see p. 58 of the July 1936 Issue.
<S>Of the 282 identical organizations reporting originally 8 discontinued financing in January, 2 in February, 2 in March, 5 in June, 1 in July, 2 in August, 1 in September,
1 la October, and 2 in December, 1934.




59

SURVEY OF CURRENT BUSINESS

December

1936
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

1935

1936

Novem- j Decem* January
ber
ber

February

March

April

' August September

July

June

May

TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES-Continued
Fire-extinguishing equipment:t
Shipments:
Motor-vehicle apparatus
number.
Hand-type
numberProduction:
Automobiles:
Canada, total...
number.
Passenger cars
number.
United States, totalt
numberPassenger carsf •
numberTrucks t
number.
Automobile rims
thous. of rims.
Registrations:
New passenger carsf
numberNew commercial cars*.
number.
Sales:
General Motors Corporation:
To consumers.
numberTo dealers, total 1
number.
U. S. dealers
numberShipments, accessories and parts, total*
Jan. 1925=100.
Accessories, original equipment
Jan. 1925=100.
Accessories to wholesalers_.Jan. 1925=100.
Replacement parts
Jan. 1925=100.
Service equipment
Jan. 1925=100.

j
53
25, 516

38
32,120

42
23,932

5, 36.1
4, 592
224, 628
190,688
33,940
1,847

8,273 s 13,491 • 13,789
6,803 ! 10,916 i 10,666
272,043 I 395,059 . 404,528
213.310 336,914 343,022
58,733 ' 58,145
61,506

13. 302
11, 261
364,004
298, 274
65,730
1,877

171,319
41, 207
44, 274
90, 764
69, 334

64
34, 309

59
31,556

65
27,587

52
31, 203

53
32, 753

67
38, 560

69
36, 573

48
32, 542

56
35,110

13,268
10,853
287, 606
224, 816
62, 790
1,261

18,021
24,951
20,006
14, 488 20,247
16, 389
420, 971 502, 775 460, 565
343, 523 417,133 385,507
75,058
77, 448 85,642
2,258
1,960
1,841

16, 400
13,126
452,955
375,894
77,061
1,876

10,475
4, 655
4,660
2,481
8,192
3,051
440,999 271,291 135,130
90, 597
372,402 209,754
68, 597 61, 537 44, 533
1,104
1,716
935

148, 389 i 220, 262 ! 237,194 215,782
43,243 ! 37,616 ! 38,000 43,760

176,668
40,301

301, 272 397,190
57,000
51,817

392,750
62,183

369,423
56,000

357,490 262,912 208,896
63, 695 59, 222 54,611

68,566 j 136,859 ! 122,198 i 102,034
127,054 I 182,754 I 185,698 i 158,572
97,746 147,849 j 150,010 i 131,134

96,134
144,874
116, 762

181, 782 200,117
196, 721 229,467
162, 418 194,695

194, 628
222,603
187,119

189, 756
217,931
186,146

163, 459 133, 804
204,693 121,943
177,436
99, 775

1,654 !

1,804

1,912

59
31,105

85, 201
19,288
4,669

138

132

135

135

145

123

149

162

150

157

136

110

114

144
99
158
109

137
150
141

148 ;
147

155 i
160 '
107 i

156
170
114
85

127
160
116
84

160
120
109
97

181
130
125
104

163
110
130
113

166
112
151
115

145
88
148
109

108
75
147
106

108
98
153
105

178,125 176,727 i 175,772 173, 507
1,842 : 1,827 | 1,817 1,791
273,125 } 269,984 j 266,876 256,511
15.0
15.0
14.914.6

172,939
1,784
254,598
14.5

139 •

80 i

RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned;
Capacity
mills, of lb
Number, total
thousands..
Bad order, total
number..
Percent of total in bad order
Locomotives, railway:
Owned:
Tractive power.
mills, of lb.
Number..
Awaiting classified repairs-number..
Percent of total
Installed
number..
Retired
number..
Passenger cars:
On railroads (end of quarter)..number..
Equipment manufacturing:
Freight cars:
Orders, new..
cars..
Orders, unfilled, total
.ears__
E quipment manufacturers
cars. _
Railroad shops
.cars..
Shipments, total
cars._
Domestic
cars..
Locomotives, industrial electric (quarterly):
Shipments, total.
number..
Mining use
number. _
Locomotives, railway:
Orders, new
number. _
Orders, unfilled, end of month:
Equipment manufacturers (Census),
total
number. _
Domestic, total...
number._
Electric- __
number..
Steam
_
number. _
Railroad shops (A. A. R.)_..number..
Shipments:
Domestic, total
.number..
Electric
number..
Steam
number..
Exports, totalf
number..
Electric
number..
Steam..number. _
Passenger cars:
Orders, new, placed by railroads
number..
Orders, unfilled (end of quarter)
number..
Shipments, total..
number..
Domestic
_
number. _

171, 709
1,762
226,095
13.0
2,174
44,285
7,929
17.9
57
223

2,212
2,211
45,610 ; 45,565
10,187 ! 10,127
22.3
22.2
43 !
53
119
108

2,206
45,375
9,914
21.8
54
241

2,199
45,179
9,825
21.8
81
284

2,197
45,088
9,556
21.2
46
138

40,509
1, 310
13, 291
7,251
6,040
5, 205
5,205

810
6,432
4,514
1,981
1,281
1,281

25
4,489
2,798
1, 691
1,755
1,754

10,030
12,715
5,224 \
7,491
1,912 i
1,912

172, 620 172,460
1,778
1,780
249, 246 253,125
14.5
14.2
2,194
45, 009
9,642
21.4
53
132

2,193
44,966
9,610
21.4
60
103

172,341
1,776
260,013
14.9

172,152
1,772
254,447
14.6

172,033
1,769
258,198
14.8

2,189
44,835
9,389
21.0
65
196

2,186
44, 742
9,119
20.4
91
184

2,185
44,682
8,906
19.9
60
124

40,199
1,050
11,315
4,444
6,871
746
746

7,236
12, 629
4,052
8,577
430
430

39, 912

627
13,478
5,471
8,007

3,650
15,683
7,035
8,648

1 RQ
loy

9 ifiS
Z, lOo

186

2,066

9,677
22,964
14, 646
8,318
2, 514
2,299

4,320
25, 311
15,907
9,404
2,172
2,056

72 j
63

37
34
23
11
5

2
0
2
14 i
10 :
4

1
1
0
12 ,
8
4

26 I
24 j
23 I

11
1>

io !

2 '
0 \
0

26
0
0

2,182
44,564
8,736
19.6
53
171
-

4,469
24, 373
15,092
9,281
1,930
1,924

3
5

45

0
0
0
0
0
0

1
1
0
1
0
1

0

37

0
0

7

0
0

15

10

101
95
33
62
12

106
100
33
67
9

4
3

5
0

50
65
4
4

5
5

3
3

114
111

2,179
«44,451
8,369
18.8
106
215
39,700

3,225
20, 530
12,924
7,606
3,854
3,804

104
103
46

37
34
24 :
10
2 .

171, 934 171, 700
1,763
1,767
256, 903 241, 573
13.9
14.7

3,100
18, 434
11,787
6,647
4,964
4,963
79
79

9

3

°120
•112
°37
75
8
12
3
9
8
0
8

« 111
• 101
«35
66
8
18
2
16
3
2
1

0

20

34

0

5
5

139
12
12

0
0

2

24
» 118
• 102
63
6

11
2

183
1
1

ELECTRIC TRUCKS AND
TRACTORS
I

Shipments, industrial, total
number..
124
115
117
100 j
S4
75
112
91 !
113
112
125
Domestic
number..
103
113
114
74 '
71
78
86
101
110
115
Exports
number..
12
11
3
6
4
5i
11
3
10
• Revised.
*New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars
fRevised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; exports of locomotives for 1932- p 55 of the
June, 1933 issue for 1933, see p. 20 of the September 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. Data for 1935 and 1936 through March revised. See p. 59 of the June 1936 issue.
•Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies.
1 United States and Canadian dealers, plus overseas shipment.




60

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

1936

December 1936

1935

October October

1936
February

January

ber

March

April

May j June

July

Augu?

Sepiem

TRANSPORTATION EQUIPMENT—Continued
SHIPBUILDING
United States:
Merchant vessels:
Under construction.thous. of gross tons
Completed during month,
total gross tons
Steel..
total gross tons.
World (quarterly):
Launched:
Number
Tonnage
Under construction:
Number
Tonnage.

77

82

119

119

133

9,266
1,707

4,617
2,660

36, 651
8,017

17, 576
10, 242

18,429
17,297

154
20,898 |
13,386 !

ships.
thous. of gross tons.

124
359

148
394

ships
thous. of gross tons

393
1,543

537
1,820

154

21,321
8,024

24, 442
15,442

22,040
12, 885

213 i

221

15,949 ; 14. IIS
11,407 | 3.902

5,953

258

230
467 j

588
1,951

2. I l l

CANADIAN STATISTICS*
Business indexes:*
119.8
Physical volume of business..-.1926=100..
123. 8
Industrial production, total. .1926=100..
50.9
Construction^*1926=100..
225.
5
Electric power®
1926=100..
116.8
Manufacturing
_
1926=100..
133.
5
Forestry
1926=100..
180. 9
Miningt-1926=100..
108.8
Distribution
1926=100..
74.5
Carloadings
...1926=100..
110.6
Exports (volume) X
1926=100..
100.0
Imports (volume)
1926=100..
130. 2
Trade employment
1926=100..
71.6
Agricultural marketing
..1926=100..
64.1
Grain marketings
1926=100..
105.1
Livestock marketings
1926=100..
Commodity prices:
Cost of living index J
1926=100..
81.5
Wholesale price index#.
1926=10077.1
Employment,total(first of month). 1926=100..
110. 1
Construction and maintenance. 1926=100—
103.9
Manufacturing
1926=100..
109. 0
Mining.....
1926=100..
147.9
Service..1926=100..! 127. 4
Trade
1926=100..) 129. 0
88.3
Transportation
1926=100.. j
Finance:
!
Banking:
i
3, 328
Bank debits
mills, of doL.
Interest rates
..1926=100...
Commercial failures*
number..!
Security issues and prices:
|
New bond issues, total t
thous.of dol..i 124, 665
3.46
Bond yields.— — percent—I
Common stock prices, totalt-1926=100..! 126. 9
Foreign trade:
j
Exports!.....
thous. of doL.i 113,003
Imports
_._-._-.,-thous. of doL.j 05, 187
Exports, volume:
i
Wheat
thous. of bu..|
Wheat
flour
..thous. of bbL. 26,917
Railway statistics:
Carloadings...
thous. of cars..
263
Financial results:
Operating revenues.
thous. of dol_Operating expenses
thous. of dol_.
Operating income
thous. of doL.
Operating results:
Freight carried 1 mile
mills of tons..
Passengers carried 1 mile-mills of pass..
Commodity statistics:
Production:
|
Electrical energy, central stations
j
2, 378
mills, of kw.-hr_.
Pig iron
thous. of long tons..
Steel ingots and castings
thous. of long tons..
Wheat
flour
thous. of bbl.J

107.2
109.5
60.7
202.6
105.4
114.5
169.6
100.7
71.0
94.3
85.4
122.8
86.6
86.1
88.7

110.0
113.5
37.0
201.8
118.5
114.8
146. 3
100.2
66.8
86.5
93.7
124.1
43.3
36.4
74.3

106.2
108.8
23.6
200.9
112.5
118.9
160.8
99.3
66.5
78.0
70.2
128.8
34.0
27.4
63.5

80.3
73.1
106.1
117.4
103.3
129.5
120.5
123.8
86.4

72.7
107.7
119.9
103.5
132.5
1J7.1
124.6
84.5

72.6
104.6
95.9
101.4
131.1
116.3
131.0

2,908
85.4
115

3,022 j
80.8 |
107 i

2,932
82.7
112

84.0

72.1
100.3
76.3
124.0
39.8
29.5
85.7

104.9
104.9
52.6
193.9
96.2
111.3
186.2
104.8
78.4
103.6
78.9
127.3
62.7
53.9
102.2

80.5
72.9
99.1
74.8
96.8
129.9
118.0
135.9
77.9

80.3
72.5
98.4
74.4
98.5
129.4
116.4
121.6
78.2

105.2
107.0
95.3
199.0

96.1
106.7
144.4
100.3

I
!
I
!
i

i
j
I
j
i
I
I
1
l

I

!
!
!
i
i
'

!

2.992 ! 2,767
85.5 j
80.6
131

104 I

109.7
110.6
32.7
207.7
110.3
119.0
170.9
107.1
74.1
113.8
91.7
128.5
110.0
110.6
107.2

110.3
111.6
44.7
213.1
111.5
122.9
152.5
106.6
76.2
104.8
90.9
127.8
73.9
70.3
89.8

110.0
111.1
54.9
213. 2
108.9
123.1
147.2
107.1
78.0
111.1
85.2
128.0
103.9
105.2
97.9

113. 2
115.2
45.8
209. 8
113.0
123. 9
174. 3
107. 6
81.2
122. 9
76.7
127.2
216.9
246. 1
86. (i

79.7
72.2
97.4
71.8
101.1
128.2
118.5
121.0
73. 5

80.0
71.8
99.5
79.4
102.7
127.4
120.4
123.3
82.8

80.1
72.3
102.0
87.0
103.4
132.1
123.0
127.1
85.4

80.4
74.4
104. 6
97. 4
104.7
134.1
131.7
127. 3
87.1

SI. 0
76. 2
105. 6
102.9
104.9
137.9
135.8
126.3
88, 7

2,774
78.5
100

2,979 '
76.6 !
91

3, 136 |
73.3
100 !

2,894
72.0

2, 619
71 2

3. 134
69 9

46,576 ! 190,179 !
3.67 |
3.51 |
112.8 ! 113.8 ;

70, 692
3.45
114.3

26, 891
3. 41
114.7

177.8 -(
3.
119 5

103. 3
104.1
52.0
207. S
98.7
114.4
158.2 i
101.3 !
75.4 I
92.7
71.4 !
124.2 !
89.5 !
88.3 !
95.0 j

220.3
106.0
124.0
187.2
107.7
82.8
123.9
82.7
125.1
115.8
116.8
111.0

80.4
72.4
98.9
78.2
99.5
129.1
117.5
123.1
78.9

I
i
|
!
!

i
I
!
;

2,599 !
77.3 !
103 |

108.8 |
109.2 I
i
i
!
i
i
!
!
!
|

123,332 ' 103,186
133,384 !138,853
4.10
3.70
3.86
3.76
112.9
120.7 ;
117.4 !
115.9

1 15
] 17
55
2d8
115.
128
167.
108.
"118
87
129
162
1 75
103

3
6
4
4
4
0

8
3
0
1
6

s
5

<:81 5

76 4
1

107
109.
105
140
137
126

C

9
2
5
3
4

66, 724
4.09
96.1

147,080
3.87
105.8

121, 372
3.96
107.4

91, 323
52, 751

95, 685
55, 958

79,245
38, 569

64,744 ! 62,798 !
40,590 | 41,597 !

74,582
52,681 I

57, 964
42,217

84,515 ! 79,942 !
59,121 ! 57,598 j

84, 968
53, 821

93, 530
50. 25*

•*9.

28,919
501

26, 575
525

17, 044
444

7,557 i 14,241 I
314 |
340 :

13,146 :
477 !

6, 752
281

25, 913
445

21 "57
3*8

20. 7 >(

251

214

174

180 |

192 I

27,317 : 25,764 ;
449 i
430 ;
190 :
201 |
27,022 |
23,789 ! 26,049 !
1,953 I 24,049 I
832 |
1,990 !I 1,775 I
128
148 |

32, 279
23, 598
7,730

27,154 ! 26,656
20,854 ! 21,333
5,290 |
4,289

173 |

22,234 | 22,597 i
21,440 ! 21,187
339

25,535
22,465
1,914

;
;

193 !
26,050 |
22,320 |
2,586 |

203

•»••>

27, 301
25, 335
890

28. 037
26, 026
1,615

1.941
195

2, 304
183

2,937
108

2,240 I
101

1,934
140

1,763
117 i

1,814
117

2,056 j
126 !

2,081
125

2,163 |
46 I

2 143
65

2 157
71

2,091
61

1,938
56 i

2,135 i
54 :

2,164
54

2, 083
59

2,029 I
56 ;

2, 021
35

2. 020
39

95
1,825

94
1 604

99
957

100

93
1,019

101
1,172

107
1,009

95
1,196

82 i
1,149 |

69
1,301

80
1..363

l

X

52. 9*3

2 '1

2,041

1, 516

d
Deficit.
° Revised.
•Statistics in this section, with few exceptions, are from the Dominion Bureau of Statistics, Ottawa.
^Data for 1934 revised. See p . 56 of the M a y 1935 issue.
*New series. For earlier data see p . 18 of the February 1933 issue, business indexes, and p . 20 of the October 1933 issue, commercial failures.
fRevised 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 stocks being added; for revision see p . 56 of the April 1934 issue. New bond issues revised for the year 1935; see p . 60 of t h e April 1936 issue.
I N u m b e r of commodities changed from 502 to 567 beginning with month of January 1934.
d"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 of t h e October 1934
issue.
A D a t a for 1935 revised. For revisions see p . 60 of t h e M a y 1936 issue.
J D a t a on exports, both index numbers and absolute figures revised beginning April 1933 to include nonmonetary gold. Revisions not shown in t h e July 1936 issue
will appear in a subsequent issue.
®Series revised beginning January 1924. Revisions not shown in the November 1936 issue will appear in a subsequent issue.




U. S . GOVERNMENT PRINTING O F F I C E : 1 9 3 1

INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
.
54
Acceptances
31, 32
Accessories—automobile
59
Advertising
--25, 26
Africa, United States trade with
. ___
37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
_
31
Air-conditioning equipment
51
Air mails
26
Airplanes
38, 58
Alcohol, denatured, ethyl, methanol
39
Aluminum
52
Animal fats, greases
39,40
Anthracite industry
22, 29,45,46
Apparel, wearing
_
28,30,57
Argentina, United States trade with; exchange; flaxseed stock
33,37,40
Asia, United States trade with
37
Asphalt
_
47
Automobiles
_
22, 26, 27, 28, 30, 58, 59
Babbitt metal
52
Barley
43
Bathroom fixtures 50
Beef and veal
.44
Beverages, fermented malt liquors and distilled spirits..
42
Bituminous coal
22, 30, 46
Boilers and boiler fittings
50
Bonds, prices, sales, value, yields
35,36
Book, publication. .
54
Boxes, paper, shipping
54
Brass
_
53
Brazil, coffee; exchange; United States trade
with
...
33,37,45
Brick
-56
Brokers' loans
32
Bronze
53
Building contracts awarded
24, 25
Building costs
.
25
Building materials
_
48,49
Business activity index (Annalist)
22
Business failures
32,33
Butter
42
Canadian statistics
60
Candy
--45
Canal traffic
38
Capital issues
35
Carloadings
.
22,37,38
Cattle and calves
44
Cellulose plastic products
41
Cement
_
22, 27, 28, 30, 56
Chain-store sales..
26, 27
Cheese42
Chile, exchange, United States trade with.. 33,37
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
23,24,45
Coke
46
Collections, department stores..
26
Commercial paper ,
31, 32
Communications
38
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
_
31
Copper
52
Copper wire cloth
53
Copra and coconut oil
40
Corn
43
Cost-of-living index.
23
Cotton, raw and manufactures
23, 24, 57
Cottonseed, cake and meal, oil
40
Crops
_
-_ 23,40,42,43,57
Dairy products
23, 24,42
Debits, bank
32
Debt, United States Government
.
34
Delaware, employment, pay rolls
28, 30
Department-store sales and stocks
27
Deposits, bank.
__
__
32
Disputes, labor
29
Dividend payments
36
Douglas fir
48
Earnings, factory
29,30,31
Eggs
23,44
Electrical equipment
52, 53
Electric power, production, sales, revenues. 22, 41
Electric railways
37
Employment:
Cities and States
28, 29
Factory
_
27, 28, 29
Nonmanufacturing
29
Miscellaneous.—
—
29
Emigration
38
Enameled ware
50
Engineering construction
25
England, exchange; United States trade
with
33,37
Exchange rates, foreign—
33
Expenditures, United States Government. _
34
Explosives
39
Exports
_
36,37
Factory employment, pay rolls.. 27, 28, 29, 30, 31
Failures, commercial
32,33



Page
23
Fairchild retail price index 37
Fares, street railways
29
Farm employees
23
Farm prices, index
34
Federal Government, finance.
Federal-aid highways.
25, 29
Federal Reserve banks, condition of
32
Federal Reserve member bank statistics
32
Fertilizers
39
Fire-extinguishing equipment
_.
59
Fire losses.
25
Fish and fish oils
40, 45
Flaxseed
40
Flooring, oak, maple, beech, and birch
48
Flour, wheat
43
Food products
22-25, 28, 30, 42
Footwear
_ 47,48, 55
Foreclosures, real estate
25
Foreign trade, indexes, values
36,37
Foundry equipment
51
France, exchange; United States trade with. 33, 37
Freight cars (equipment)
38, 59
Freight carloadings, cars, indexes
37
Freight-car surplus
38
Fruits
23,42
Fuel equipment.._
51
Fuels...
_
45,46,47
Furniture
49
Gas, customers, sales, revenues
41
Gas and fuel oils-..
46
Gasoline
46
General Motors sales
59
Glass and glassware
22, 27, 28,30, 56
Gloves and mittens
.
47
Gold
34
Goods in warehouses
_
26
Grains
_
23, 24,43
Gypsum
56
Heels, rubber
55
Hides and skins
_
_
24,47
Hogs
44
Home loan banks, loans outstanding
25
Home Owners' Loan Corporation
25
Hosiery
.
57
Hotels
29, 30, 38
Housing
_.
23
Illinois, employees, factory earnings
28, 30, 31
Imports
37
Income-tax receipts
34
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
33
Interest payment
36
Interest rates
32
Investments Federal Reserve member banks.
32
Iron, ore; crude; manufactures
22,49
Italy, exchange; United States trade with.. 33, 37
Japan, exchange; United States trade with. 33, 37
Kerosene
47
Labor turn-over, disputes
29
Lamb and mutton
44
Lard
_
44
Lead
_.
52
Leather
22-24,28,30,47
Leather, artificial
_
58
Liberty bonds
35
Linseed oil, cake, and meal
40
Livestock
23, 24,44
Loans, agricultural, brokers', time, real
estate.
_
31,32
Locomotives
59
Looms, woolen, activity
58
Lubricating oil
47
Lumber
22, 24, 27-29, 48,49
Lumber yard, sales, stocks
48
Machine activity, cotton, silk, wool
57, 58
Machine tools, orders
51
Machinery
27, 28,30,51,52
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
30,31
Massachusetts, employment, pay rolls
30, 31
Meats
44
Metals—
22-24, 27, 28, 29, 30, 49-53
Methanol
_.
39
Mexico:
Silver production
34
United States trade with
37
Milk
42
Minerals
22,45,52
Money in circulation
34
National Industrial Recovery Act, highway
construction
25
Naval stores
.-..
39
Netherlands, exchange
—
33
New Jersey, employment, pay rolls
29-31
Newsprint
54
New York, employment, pay rolls, canal
traffic
28-31,38
New York Stock Exchange
35,36
Notes in circulation
32
Oats.
43
Oceania, United States trade with
37
Ohio, employment
29
Ohio River traffic
38
Oils and fata
39,40
Oleomargarine
40

Page
Paints
__
41
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, 46-47
Pig iron
22,49
Pork
44
Postal business
26
Postal savings
32
Poultry
23,44
Prices:
Cost of living, indexes
23
Farm indexes
23
Retail indexes
„
23
Wholesale indexes
24
World, foodstuffs and raw material
24
Printing
_
22, 54
Production, industrial
22
Profits, corporation
.
34
Public
finance
34
Public utilities
_
29,36
Pullman Co
38
Pumps
51, 52
Purchasing power of the dollar
24
Radiators
50
Radio, advertising
25
Railways; operations, equipment, financial
statistics
37, 38, 59, 60
Railways, street
37
Rayon
_
57
Reconstruction Finance Corporation, loans
outstanding
34
Refrigerators, household
52
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
22,24,28,30,47,48
Silk
22, 23, 24, 57
Silver
22,34
Sons
47
Softwoods
48
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 (see individual commodities).
Stocks, issues, prices, sales
36
Stone, clay, and glass products .
22,
23, 27, 28, 30, 56
Sugar
23, 24, 45
Sulphur
39
Sulphuric acid
39
Superphosphate
39
Tea
23, 24,45
Telephones and telegraphs
38
Terneplate
51
Terra cotta
56
Textiles, miscellaneous products
58
Tile, hollow building
56
Timber
48
Tin and terneplate
23, 24,51
Tires
22,24,28,30,55
Tobacco
22,25,28,30,45
Tools, machine
51
Trade unions, employment
29
Travel
38
Trucks and tractors, industrial electric
59
United Kingdom, exchange; United States
trade with
33, 37
Uruguay, exchange
33
United States Steel Corporation
31,36, 50
Utilities
29, 30,34, 35,36,41, 59
Vacuum cleaners
52
Variety-store sales index
.
26
Vegetable oils
39,40
Vegetables
23,42
Wages
31
Warehouses, space occupied- 26
Waterway traffic
38
Wheat and wheat
flour
23, 24,43
Wholesale prices
24
Wisconsin, employment, pay rolls
29,30,31
Wood pulp
._
53
Wool
22,58
Zinc
22,52




2 new series of reports recently inaugurated
by the Department of Commerce
I? OUR reports based on data gathered in the 1935 Census of American Business have been issued as follows:

SERVICE ESTABLISHMENTS
Preliminary United States Summary

RETAIL DISTRIBUTION
Preliminary United States Summary

RADIO BROADCASTING
BANKS
United States Summary

The type of information contained in these reports is indicated by the
article on page 14 of this issue. Other reports in this series will follow.
A limited number of copies of the above publications are available
and may be secured upon request from the United States Department
of Commerce, Bureau of the Census.

XHE INITIAL two volumes of a series of industry reports have
recently been issued by the Bureau of Foreign and Domestic Commerce. These reports present broad economic facts in the form of text,
charts, and statistics which are of vital interest to businessmen and
research workers.

THE CONSTRUCTION INDUSTRY
123 pages with 37 charts, tables, maps,, and a list
o£ almost 600 trade associations

THE FOOD INDUSTRY
69 pages with charts, tables, maps, a list of trade
associations, and a bibliography

Copies may be obtained, at 10 cents each, from the Bureau of Foreign
and Domestic Commerce, Washington, D. C , or any District Office of
the Bureau.
These publications are NOT available from the Government Printing
Office.