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FEBRUARY, 1932

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
V O L U M E 12

NUMBER 2




V o l u m e 12

F E B R U A R Y , 1932

Number 2

W E E K L Y D A T A T H R O U G H J A N U A R Y 2 3 , 1932
M O N T H L Y DATA T H R O U G H D E C E M B E R

SURVEY OF
CURRENT BUSINESS
PUBLISHED BY

UNITED

STATES

DEPARTMENT

OF COMMERCE

WASHINGTON

CONTENTS
Page

Monthly business indicators
Business situation summarized
Foreign trade
1931 in comparison
Commodity prices
Employment
Finance
Domestic trade
Transportation
Construction
Agriculture
Iron and steel industry
Chemical industries
Automobile and rubber industries
Textile industry
Food industries
Forest products industry
New and revised series—wholesale prices
Weekly business statistics
Monthly business statistics (Index)

2
3
4
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year which includes the 12 monthly numbers, the annual supplement, and
the 52 weekly supplements; single copies (monthly), 10 cents; annual supplement, 25 cents. Foreign subscriptions without weekly supplements, 32.50; single copies (monthly issues), including postage, 14 cents; annual supplement, 36 cents. Make remittances only to
Superintendent of Documents, Washington, D. C., by postal money order, express order, or New York draft.
Currency at sender's risk. Postage stamps or foreign money not accepted
96697—32
1




SURVEY OF CURRENT BUSINESS

February, 193

Monthly
1923-1925-100
INDUSTRIAL PRODUCTION

150

INDUSTRIAL PRODUCTION

i80

140

ioc
60

FACTORY EMPLOYMENT

FACTORY PAYROLLS

140

SDD
UNADJUSTED

100
!00
70
40

130

TOTAL FREIGHT CAR LOADINGS

DEPARTMENT STORE SALES

100

VALUE OF IMPORTS

150

M

.1 iiHli

50

ZOOr

WHOLESALE PRICES

120

VALUE OF EXPORTS

150

CAR LOADINGS L.C.L.

120

BANK DEBITS OUTSIDE NEW YORK CITY

BUILDING CONTRACTS AWARDED

aoo

150

150

100

100
1 111 11

50

1927

1926


* ADJUSTMENT FOR NUMBER OF


19Z9

1 1 ii i i i n

1930

1931

WORKING DAYS AND SEASONAL VARIATION

1927

1926

1929

1930

1931

SURVEY OF CURRENT BUSINESS

February, 1932

Business Situation Summarized
Retail trade was higher in December than in the
preceding month, although the increase was less than
were, in general, of approximately the usual seasonal the normal seasonal gain. Department and chainproportions. Industrial production declined last store sales continued at relatively favorable levels.
month with recessions in both the manufacturing and Freight-car loadings declined seasonally, but the admineral industries, but after allowance for seasonal justed index did not vary to any extent during the
fluctuations the volume was only slightly lower. The final four months of 1931. Total loadings for the
movement so far in January has been irregular, with year were 19 per cent less than in 1930 and 29 per cent
few pronounced gains. December was the second less than in 1929. Loadings of l.c.l. merchandise
successive month in which the decline in the adjusted declined by the usual amount, and for the year averproduction index was no more than one point. Several aged 10 per cent below 1930. Foreign trade returns for
important industries, notably the automobile, meat- the final month of 1931 do not indicate a reversal of
packing, leather and shoe, and anthracite industries, the unfavorable trend in our foreign business. Exports
reported increased activity in December, while the were down by about the usual seasonal amount and
lumber, petroleum, and electric-power group revealed imports showed only the customanr slight variation.
only minor changes. Recession in the iron and steel Construction contract awards during December deindustry was pronounced, following the November clined 10 per cent, resulting in a further decline in the
increase, and production of textiles and bituminous adjusted index which moved higher only one month in
coal was also lower. The decline in industrial produc- 1931.
Following five months of comparative stability in
tion in December as compared with the same month of
1930 was 13 per cent, or relatively less than the decline the wholesale price level, renewed weakness developed
for the entire year, amounting to 16 per cent. Com- in December resulting in the largest relative decline
pared with 1929, industrial production in 1931 was in the index for any month in 1931. This decline
32 per cent lower.
continued into the new year, but more recently firmness
Employment and pay rolls were slightly higher in has developed. Security markets moved to new
December, with increased employment reported for the lows, the bond market in mid-December and the stock
retail trade, petroleum and bituminous'coal industries. market in the first week of January.
business activity
SUCH changes inthe early weeks of astheoccurred in
December and
new year

i?

«1a

*s
If

Tnfa!

Ii i !

n ;i gf
§§
£
<*

New

Foreign
trade,
value

Merclian- (
| dls*Lc.L |

Total

- i: i '
I i: 1 '
I i 3
9 !, P ,:
8
^

1;
j'
1.
1;I;

I
5
9
*

i
1
9
8
&

1
.!

Building contracts, all types,
value, adjusted

J

i>

5-

|
! Department
; l store sales,
i
value

Freight car loadings

debits outside
York City

i

3

|

I

i

£

1

|

Bank

Factory employment
| and pay roils
i

Minerals, adjusted ':

i
i

s
ft
•

_ __
._..
^
Manufactures, adfrS*
J listed i
§~

Tear and month

Total, adjusted i

|
c

MONTHLY BUSINESS INDEXES

1930
1931

1
100 !
82 j
82
86
87
89
89
84
83
79
76
73
72
71
119
96
81

i
|
1
1
!

81
85
87
89
89
84
83
79
76
71
70
69
119
96
80

i Adjusted for seasonal variation.



!••«*(

!

'

\ka fl 1
• "8
"2
v
o

[

': f t a
II a
•8

Sj
:a|
i 3*0

$
\ %%

Oa
& |>*l

,

:
98
80

Wholesale prices

Monthly average
1926-100

Monthly average 1923-1925=100
1929' December
1930: December
1931:
January
__
February
March
A pril
May
June
July
August -.
September
October
November
.__ _
December
Monthly average
January
through December:
1929

1

97
80

116
94

78
78
78
78
78
76
75
74
73
70
69
69

90
88
87
92
86
85
84 !
79
77 1
85 |
84
83
I
!
115
99
84 '

101
88
74
2

89
74

102
84

96
86

103
92

191
165

108 ;

94 i

112 !
72 i

96 136.4 | j
65 ! 117.1 ; |

102
73

93.3
79. 6

101.9
75.2

91.4
79.0

74
74
75

83
87
89
91
92

56 !
56

87
86
88
87
85
77

90
89
89
88
89
89
88
86 :!
85
83 !1
83
83

79
80
92
101
97
90
65
67
87
93
97
143

97
98
97
106
97
95
91
88
84 •
86
83
81

66
69
62
57
54
49
48
43
48
54
51
49

57
54 i
65
58
56 ,
55
54
52
53
52
46
47

110.0 i!

79
77
78
76
78
78
70
61

82
80
80
80
79
77 :!
76
72
69
69 •
68
67

71
79
77
73
66
64
61
59
59
55
49
38

78.2
76. 8
, 76.0
; 74.8
1 73.2
72.1
72.0
j 72.1
71.2
I 70.3
! 70.2
S 68.6

73.1
70.1
70.6
70.1
67.1
65. 4
64.9
63.5
60.5
58.8
58.7
55.7

77.8
77.1
75.6
74.2
73.2
71.9
71.8
72.3
72.0
71.4
71.8
70.4

108 i
87 !
66 i

106
92
75

105
97
87

...i

i

111
102
91

117 i 95. 3
92 ! 86. 4
63 I ?3.0

104.9
88.3
64.8

92. f,
85.1
73.3

99
74
:

68
73 !
75
74 :
72
68
64
64
62 !

59 ;

89

Adjusted for number of working days.

•1

1

1
i
i
i
!

:

j
!

115
84 ;
53

113
79
54

86.6 1
98.4 i l
99.5 !
95.6 i i
98.4 i l
93 5 i

ssis •

84.3
91.9
74.0
86.7

,|
!
!
.1

140.4
117.2 i
91.9 j

384 commodities included, new index not available.

SURVEY OF CURRENT BUSINESS

February, 1932

Foreign Trade
T7XPOItTS during December decreased 5 per cent in
-*—^ value as compared with November, while imports
increased 2 per cent. A seasonal drop in shipments of
fruits and wheat and a sharp falling off in refined mineral oils were largely accountable for the decline in
exports. Exports of raw cotton, amounting to 629,700,000 pounds, increased as compared with both the
October and November shipments, contrary to the
normal seasonal trend. For the last quarter of 1931
cotton exports were the largest since the final quarter of
1928. The increase in imports over November was
due primarily to large importations of copper, crude
rubber, and coffee; raw silk, however, declined sharply
and tin and burlap imports were the lowest in many
years. As compared with December, 1930, the value
of both exports and imports fell off considerably; the
former by 33 per cent and the latter by 27 per cent.
For the entire year 1931 the dollar value of exports,
$2,424,000,000 fell 37 per cent below 1930 and 54 per
cent below 1929, while imports declined from $3,061,000,000 in 1930 to $2,090,000,000 in 1931, or by 32
per cent. The important part played by price recessions in the declines in value is indicated in the accompanying chart, which shows also the changes in quantity of our foreign trade. Thus, the respective declines in volume of our exports in 1931, in comparison

with 1930 and 1929, amounted to 20 and 35 per cent,
or considerably less than the decline in value. Quantity declines in imports were much smaller; about 10
per cent in comparison with 1930 and about 25 per
cent as compared with 1929.
Since the closing months of 1929 recessions in prices
of industrial crude materials and semimanufactures
as well as in foodstuffs, which loom large in our foreign
trade, have been extremely severe. For example,
from an average of 19.4 cents in 1929 and 14.2 cents in
1930 the export unit value (average price) of raw cotton
fell to 8.9 cents in 1931, a drop of 37 per cent for the
year and of 54 per cent in two years. The unit value
of wheat averaged 62 cents in 1931, a level 38 per cent
below that of 1930 and 50 per cent below that of 1929.
Similarly, in imports the unit value of crude rubber in
1931 was 6.6 cents per pound as against 12.9 cents in
1930 and 19.1 cents in 1929, a drop of 49 per cent from
1930 and of 65 per cent from 1929, while respective
declines from 1929 in the unit value of raw silk, coffee,
copper, and tin amounted to 54, 51, 48, and 47 per cent.
In the case of a number of important commodities,
our exports in 1931 were larger in quantity than in
1930. Exports of raw cotton, our most important
export commodity, were 5 per cent larger than in 1930
and shipments of crude petroleum 8 per cent greater.

EXPORTS AND IMPORTS
Exports of United States merchandise

i

Crude !
Ex- 1 materials i
ports, i
_„
1i
Including

Year and month

^eexi ports i

Foodstuffs
_._.. .... .._..

General imports

|

Finished manufactures

_

•

:

'

'
•
FinCrude w
! ^enii" ished
Fruits
Total ma- i „*„«•-, f~~
manu«
, j^ja- blles
terials
fac
Wheat Meats and ufaci Saw i
lures
> jfr"
"""S i tu^s tures
"
Total cot- i Total and and prep- tures fjp^aj C hin- parts, Oasolme
ton !
and
i
ery
flour fats araaccesji
!
i
tions
sories
;
'
!
i
i
'
\
Semi-

1

Automo-

Millions of dollars
1929: December
1930: December
1931:
January
February
March
April...
May
June
July
August
September
October
November

December

53.7 i
40.5

.

249. 6
224. 3
235,9
215.1
204.0
187.1
' 180. 7
164.8
180. 2
; 204. 9
193. 6

183.8

Cumulative, January through
December:
1929
1930

58.6
47.7
56.5
40. 0
36.5
29.1
28.3
25.5
44.4
63.6
68.0
68.3

i
I
!
I
!

13.5 !
9.9
23. 5
39.8 !
43.6 !
47.3 i

15.8
6.3

;

15.7 | 12.0 '
9.8
15.1

35.5 :
29.5
33.0
28.2
29.4 ;
28 7 •

426.6 | 126.0
274.9 ' 76.8

4.9
3.2
3,9
5.7
7.4
8.8
11.6

'
;

12.2 I
10.6 I
10.1 j
8.5
7.8
7.1
6.8
6.4
6.3
7.1
6.0
7.3

32. 3
28. 1
23. 4
39.3
34.6
27.1

i
!
jo, 241.0 1,142.4 770.8 [• 753.9
i3 843.2 829. 1 496. 8 541.2
1?, 423.8 566.7 1 325.6 374.0

7.0

;
;

i
:
;

6.7 i
8.8 i

8.5 :
7.6

192.3
157. 5
84.2

202.8 ! 136.0
153.5 109.7
98.2 ! 108.2

i Reexports of foreign merchandise during December, 1931, were $2,913,936.




10.7
8.9 .
10.7 !i
6.4
6.5 !
5.7
7.6
8.0
9.2 !
16.2
11.6 l
6.6

54. 4
33.8

lol.4
118.9 ;

49.4
35.3 |

25. 7
15.3

25.4
13.7

309.8 ! 115.6
208. 6
69.1

65.6
52.3

57.8
38.1

315 i !
27.5 i
31.4 ;
30.6
29.9 i
24.5 i
28.0 i
23.9 i :
21.4 i
21.2 |;
20.8 i
29.6 i

117.1
116.1
110.3
111.1
103.5
97.7
88.3
84.1
83.2
77.3
66.9
64.7

37.7 1

14.4
16.1
18.5
18.0
14.2
12.8
11.5
10.7
8.7
8.5
5.5 :
7.9

13.8
10.6
8.4
10.7
12.5

•
:
'
\
!

29.4
31.1
26.6
28.3
22.7
20.4
24. 7
20.2
15.7
17.7

183.1
174.9
210.2
185.7
179.7
173.5
174.5
166.7
170.4
168.7
149.7
152.9

59.4
56.4
64.0
54.7
54,7
52.4
50.0
47.7
52.9
52.4
47.9
49.9

42.1
46.1
56.6
51.9
49.6
47.2
47.1
45.4
35.1
36.8
33.0
36.7

36.9
31.5
39.8
33.4
30.4
29.8
30.0
28.3
30.3
29.0
27.6
25.3

44.8
41.2
49.2
45.7
45.5
44.2
47.5
45.3
52.0
50.5
41.3
41.1

729. 1 ! 2, 531. 8
512. 8 i 1, 898. 1 i
317.7 I t , 119. 6 i

608.9
517. 2
318. 3

962. 2 i 883.1
693.6 | 608.2
527.3 i 371.9

995.,
757.
543.^

';

44.0 i

i

|
j
i
|
I

8.8
7.2
7.2
8.3
5.9

539.3 : 266.9 1(4,399.4 1, 558. 4
277.4 i 250.6 i t 3, 060. 9 1,002.2
146.7
642.2
109.3 112,089.8

February, 1932

SURVEY OF CURRENT BUSINESS

Certain classes of fruits were also exported in larger
quantities during 1931; in fact, the value of exports of
all fruits was practically as large as in 1930. Tobacco
exports showed a comparatively moderate decrease in
quantity—9/2 per cent—while respective quantity
decreases in exports of wheat, including flour, and meat
products, amounted to 16 and 17 per cent.
On the other hand, the quantity as well as the value
of leading finished manufactured exports declined considerably during 1931. As compared with 1930, exports of electrical appliances, industrial machinery,
motor vehicles, refined mineral oils, and agricultural
implements showed losses in value, ranging from 28 to
50 per cent; the value for all finished manufactured
exports dropped 41 per cent.
It is worthy of note, however, that a number of
relatively large individual export commodities, some
of which are included in the above-mentioned groups,
were exported not only in larger volume than in 1930,
but also in larger volume than in 1929. Among the
latter are cotton denims, sensitized motion-picture
films, carbon black, electric refrigerators, radio sets,
dried fruits, apples, and power-driven metal-working
machinery. These items represented in 1931 values
ranging from $2,000,000 in the case of cotton denims
to $36,000,000 for metal-working machinery.
Changes in the quantity of imports of individual
commodities during 1931, covered a wide range. Three
leading imports—raw silk, coffee, and crude rubber—

showed respective increases over 1930 of 14, 9, and 3
per cent. Coffee imports were in record quantity,
while silk and rubber imports were only slightly lower
than in the peak year, 1929. Cane sugar and newsprint imports each dropped 9 per cent in quantity.
Silk, amounting to $191,000,000, ranked first in value,
followed in order by coffee, cane sugar, newsprint, and
rubber, the latter totaling 1,124,000,000 pounds, valued
at $73,800,000.
Exports to all major markets were substantially
lower in 1931 than in 1930 except for China, which
showed an increase of 9 per cent, and Japan and
Russia (U. S. S. R.) with only comparatively small
decreases. Shipments to Asia declined only 14 per
cent in value, the smallest loss for any continent. The
declines were most severe in the case of South America
and Oceania, which have been particularly affected by
the reduction in purchasing power as a result of sharp
recessions in raw material and foodstuff prices and
smaller demands from industrial countries for their
products. Exports to Europe were down 36 per cent,
and to Canada 40 per cent.
Total merchandise exports for 1931 exceeded imports to the amount of $334,000,000 as compared with
a "favorable" merchandise balance of $782,000,000 in
1930, and $841,000,000 in 1929. Imports of gold
exceeded exports of the metal in every month except
October, and the import balance for the year amounted
to $145,000,000.

QUANTITY AND VALUE OF FOREIGN TRADE
NUMBERS I 9 £ 3 ~ i 9 2 5 = IOO

80

60

40

1921 1922 1923 1924- 1925 !926 !927 1928 1929 1930 1931




1932

192!

1922 !923 1924- !925 1926 1327 1928 !929 1930 193! 1932

6




SURVEY OF CURRENT BUSINESS

February, 1982

1931 in Comparison

. BANK DEBITS OUTSIDE NEW YORK

o;

50

150

100

CITY
200

—

(BILLIONS OF DOLLARS)
250

350

300

!Q3i
(930
1929
1928
1927
CONSTRUCTION CONTRACTS AWARDED (BILLIONS OF DOLLARS)
0

f'931
1930

I

2

3

wm( mm§33ms%HBJ

m^

4-

7

B

5

I

I92Q

1928
1927
STEEL iNGOT PRODUCTION (MILLIONS OF TONS)
O

10

30

20

40

50

70

60

193!
1930
1929
1928
1927

0

193! mam
1930
1929
1926
1927

1000

AUTOMOBILE PRODUCTION (THOUSANDS OF CARS )
3000
4000
5000
2000

^T-H4g^ffi
FREIGHT

0

193
1930
1929
1928
1927

10

CAR
20

LOADINGS
30

(MILLIONS OF CARS)
^0

50

SURVEY OF CURRENT BUSINESS

February, 1932

Commodity Prices
Retail prices of foods declined 2 per cent from
November 15 to December 15. Of 42 articles of foods
on which quotations are regularly received, prices of
32 were lower on December 15 than on November 15,
and 6 were higher. Drops ranging from 3 to 13 per
cent occurred in prices of meats, eggs, and oranges.
Other declines were less than 3 per cent.
Farm prices fell 7 per cent from November 15 to
the middle of December as a result of drops, ranging
from 2.4 per cent to 10.5 per cent, in prices of each of
the groups of farm products except fruits and vegetables, the price level of which remained unchanged.
Prices of cotton and cottonseed and of meat animals
fell the most, 10 per cent and 10.5 per cent, respectively. Grain prices dropped 8.8 per cent from
November to December, and prices of dairy and
poultry products declined 2.9 per cent. Farm prices
on December 15 were about one-third lower than
in 1913.
The semiannual index cost of living prepared by the
Department of Labor was 3 per cent lower in December
than in June, 1931, and 15 per cent lower than in
December, 1929.

AFTER a general steadying in November commodity
- ^ J L prices at wholesale, at retail (foods), and at farm
markets fell in December, 1931, and reached levels in
some instances considerably lower than at any' time
since 1913.
Wholesale commodity prices fell 2.3 per cent from
November to December, 1931, the greatest drop during the year. Prices of farm products declined 5.1
per cent, also the greatest change in any one month
in 1931, as a result of lower prices of grains, cotton,
tobacco, cattle and other livestock, and poultry and
eggs. Declines in price of meats, butter, flour, and
sugar caused prices of foods, as a whole, to fall 2.7
per cent from November to December, 1931, a decline
slightly less than that from October to November.
Prices of hides and leather products declined 2.2 per
cent, owing to drops in prices of hides and skins,
chrome calf leather, and several types of shoes. Sharp
drops in prices of the silk and rayon group and a smaller
fall in prices of cotton goods caused the price level of
textile products to average 2.3 per cent lower in December than in the preceding month. The level of prices
of metals and metal products changed only fractionally.

INDEXES OF COMMODITY PRICES
Wholesale i

ii :
*!
•d^
££
if

sa

Year and mouth

lis
S5.2

o»-e;

I

C8
•2 *

£
«

•«§
fl

ft

"2
*®

S

$*

1

1

•o
*

5

4S
«
=
*&

i

UD

a
S

A
bfi

o
a
ft
•§
c> ' "
1
"3
«
s
H

&*

•3
15

fi

~£
a*
t« I
A

i
3>

; J?

an
"3

I 's

"eS
S
bfi

d

ii

(

3

£
2

*2

P3

flsc

Z

:

i S?

p

§

1 1*5 : S

a

:

% , 3

1 s
Q 1 H

;

1
S

1 i1
fe !i S3
g
A

1

c8

S ! S

Retail

JFarin»
i »*

1
&
ll
s3
JS

11
.Ss

bfi
a
!E

95

•e
o

1 ' fi ,2
1 ! £ £

£

5
05

o
^

iS

II

i: S "
^

' Mo.
Mo. Mo. averaver- aver- ' age
' age
age
1909
1913 = 1923 =
to
! 100
100
1914=
; 100
1

Monthly average, 1926=100

1929: December
1930: December - .
1931:
January
__
February
March
April
„.
May
.June
July
August.September
October
..
November
December
. _.
Monthly average, January through December:
1929
1930
1931

1

Department of Labor.




93.3 101. 9
79.6 75.2

98.7
82.4

107.3
91.4

87.8
73.7

83.1
74.0

98.5
87.9

94.4
84.8

93.5
85.6

78.2
76.8
76.0
74.8
73.2
72.1
72.0
72.1
71.2
70.3
70.2
68.6

73.1
70.1
70.6
70.1
67.1
65.4
64.9
63.5
60.5
58.8
58.7
55.7

80.7
78.0
77.6
76.3
73.8
73.3
74.0
74.6
73.7
73.3
71.0
69.1

88.7
86.9
87.6
87.0
87.6
88.0
89.4
88.7
85.0
82.5
81.6
79.8

71.3
70.9
70.0
68.2
67.4
66.6
66.5
65.5
64.5
63.0
62.2
60.8

73.3
72.5
68.3
65.4
65.3
62.9
62.9
66.5
67.4
67.8
69.4
68.3

86.9
86.5
86.4
85.7
85.0
84.4
84.3
83.9
83.9
82.8
82.6
82.2

83.8
82.5
82.5
81.5
80.0
79.3
78.1
77. 6
77.0
76.1
76.2
75.7

84.5
83.3
82.9
81.3
80.5
79.4
78.9
76.9
76.3
75.6
76.1
76.1

95.3
86.4
7M

104.9
88.3
64.8

99.9
90.5
74.6

109.1
100.0
86.1

90.4
80.3
66.3

83.0
78.5
67.5

100.5
92.1
84.5

95.4
89.9
79.3

3

Department

Agriculture.

94.7
88.8

82.2
73.5

95.0
74.2

88.3
88.1
88.0
87.9
86.8
86.4
85.7
84.9
82.7
81.0
80.9
78.5

72.2
71.5
72.0
71.5
70.5
69.7
69.7
68.3
68.2
66.6
68.7
66.8

72.9
70.6
69.4
68. 3
66.5
64.7
64.3
64.1
62.7
61.5
62. 0
60.2

94.2 i 94.3
89.1 I 92.7
79.3 84.9

82.6
77.7
69,8

i
i
!
i
!
i
1
!
'
|

94.3
74.3

93.9
81.9

158
137

100.1
92.6 !

135
97

73.4
72.3
72.2
71. 1
68.9
68.5
! 69.5
68.3
66.3
64.7
i 64. 4
1 62. 2
j
97.5 ! 96.5
84.3 i 82.2
65.6 68.4

80.5
79.3
78.4
77.1
75.1
74.0
74.0
74.6
74.0
73.7
73.2
71.0

133
127
126
124
121
118
119
120
119
119
117
114

91.1
89.6
89.1
88.2
86.9
85.9
85.9
85.9
85.6
84.9
83.9
83.1

!

94
90
91
91
86
80
79
75
72
68
71
66

96.2
88.4
75.4

157
147
121

100.0
96.2 i
86.7 !

138
117
80

!
|
i
!
!
!

National Industrial Conference Board.

!

i
!

8

SURVEY OF CURRENT BUSINESS

February. 1932

Employment
PNECEMBER witnessed a slight increase in the vol*-^J ume of general employment. Employment in the
factories declined by less than the normal amount, so
that the seasonally adjusted index of the Federal
Reserve Board rose 0.1 per cent. This is the first
increase in factory employment, after seasonal adjustments, reported since April. The average monthly
index of factory employment for 1931, as a whole, was
15 per cent under 1930 and 26 per cent under 1929.
While the actual number of factory employees
declined 1.2 per cent during December, the unadjusted
volume of wage payments to factory workers declined
only 0.7 per cent. The volume of monthly factory
pay rolls during 1931, as a whole, averaged 25 per cent
under 1930, and 39 per cent under 1929.
The greatest decline in number of employees during
December was reported in the cigar and cigarette
industry, labor disturbances in one section of the
country causing a pronounced decrease in number of
workers in this industry. Automobile manufacturing
reported the largest gain in employment, 23 per cent
after adjustments are made for seasonal variation.
Other increases were reported by the iron and steel
group with a gain of 0.2 per cent, food products 0.5
per cent, leather products 7.4 per cent, and petroleum
0.1 per cent. Decreases were registered by the textiles
group, paper and printing, lumber, nonferrous metals,

chemicals group, rubber products, tobacco, and the
cement, clay, and glass group. Employment in the
machinery industry during December was the same as
during November.
The East and West North Central geographic sections reported both increased number of factory
employees and pay-roll totals, and the New England
division reported a small gain in pay-roll totals coupled
with a decline in employment. The remaining six
divisions reported decreases in both items over the
month interval. An average of 87 per cent full-time
operations was registered by the 12,119 reporting
establishments, this percentage remaining unchanged
from November to December.
A seasonal increase in both employment and payrolls was registered by the retail trade group, but both
items were under December, 1930. Employment in
bituminous coal mining increased slightly during December, but the anthracite mining and power, light,
and water groups both reported decreases in both
employment and pay rolls. Pay rolls increased 3.2
per cent in the telephone and telegraph group, but
employment was slightly under November.
The proportion of trade-union members employed
dropped to a new low for the depression, 70 per cent.
This was 3 per cent under November and 7 per cent
under December last year.

STATISTICS OF EMPLOYMENT, PAY ROLLS AND WAGES
i

Year and month

Monthly average,
1923-1925=100

Employment

l

95.2
78.8

99.1
73.7

101.3
92.5

108.2
77. 7

107. 1
99.1

100. 0 :

102.5
103.2

78.3
77.8
77.9
78.0
77.8
76. 0
75 1
74.1
72.8
70.3
69.3
69.4

76.4
77.3
78.1
77.9
77.1
75.0
73.8
74.2
74.7
71.4
68.7
67.9

68.4
73.2
74.9
73.6
72.1
67.6
64.4
64.3
61.8
59.4
56.2

93.9
91.5
88.8
85.9
82.4
78.4
76. 4
77.0
80.4
81.3
81.1
81.2

73.3
68.3
65.2
58.6
54.4
52, 4
50.4
50.6
53.6
56. 2
54.6
52.3

90. 6
89. 5
82.0
85. 2
80.3
76.1
65. 1
67. 3
80.0
86. 8
83. 8
80.1

89.3 !
101.9 i
71.3 i
75.2
76. 1 :
66.7 |
53.7 !
56.4 i
64.9
91.1
79.9
78.8

99 2
97.8
96.7
97.1
97.6
97.2
96. 7
95.9
94.7
92.7
91.3
90.3

101. 1
87.8
74.4

107.7
87. 5
66.0

100.0
93.4
83.2

100.0
81.3
57.5

100.0
93.4
80.6

100. 0
95.3
75.4

100.0
103.0
95.6

!
|
'
'
'

55.8 ;

j

.
p _ ;

Em-

& SSi

.

R f „ traae
Kctalt *-a<|ft

JEm-

p

P10^
ment

rous
roHs

Employineiit
agencies,
appliFay cants per
rolls 100 jobs

Number

MOBthly average, 1929=100

96.9
80.1

Adjusted for seasonal variation.




Power, light,
Telephone
and water
and telegraph

36 SSi

1

1929: December . ...
1930: December
1931:
January
February _ _ _ _
March
April
May _
June —
July
August
September .. __ _ .
October
November
December
Monthly average, January through December:
1929 . _ ..
1930
1931

I

Factory emBituminous
Anthracite
ployment
F.B.B.; cost! mining j
mining
F. B, li.
factory
pay
rolls,
EmAd« Unad- unad- ploy- »_ v : Em- Pay
justed 1 justed ijusted ment
roll*

:
;

:

137.2

105.8 1
106.3 ;!

98.6
99.7
102.4
97.6
98.7
98.3
97.4
96.2
94.3
93.2
93.3
91.2

101.8
91.6

90.5
89.2
1
88.6
!
88.1
.'
87.4
'
SO. 9
ii
86.6
:|
85.9
,1
85.0
!j
84. 1
! 83.5
i;
83.1
ii

:

j

300.1 ! 100. 1
104.3 !
97.9
96.7 i 86.6

126.2
115.1

98.3 ]:| 90.0
94. 8 \
87. 1
97.9 : i
87.8
95.0 :
90.1
94. 1
89. 9
95. 0
89. 1
93.3 • : 83.9
92.3 • ! 81.8
92. 1
86. 6
91.6 i 89.8
89.7 i| 90.9
92.7 i i 106.2
ii

89.4
86.7
87.5
88.3
88.0
87.6
83.3
80.3
83.5
84.6
85.4
94.1

Per cent p fltlfq
-^-.jpSSSr

166
218

120.6
97.7

103.9 i i
101.3 j j

•sari <sn
-3?
s& *•«•
Tcsr

!
|
i
I
1
!
I
j

84. 0
77. 0

40
37

224
202
179
177
181
205
209
217
196
221
214

73.0
73.0
74.0
75.0
75.0
75.0
74.0
74.0
74.0
74.0
73.0
70.0

36
36
37
35
37
37
36
36
34
35
34
33

137
190

88.1
78.8
73.7

39
39
38

:j

100.0 !
102.9 i j
83.7

100.0
95.9
89.4

100.0
96.2 I
88.6 ii

SURVEY OF CURRENT BUSINESS

February, 1932

Finance
banking and credit situation was feaTHE general investments. byThis tendency has been
tured during December
further liquidation of
bank loans and
somewhat less marked during the first half of January,
due in part apparently to the evidence that the proposed Reconstruction Finance Corporation will be
functioning at an early date. Another favorable factor
is found in the relatively small increase in money in
circulation during December.
Loans on securities as well as "all other" loans of
reporting member banks gradually moved to lower
levels during December and the first half of January.
During the same period Federal reserve credit has been
further liquidated and money rates after a seasonal
period of firmness eased up somewhat after the turn
of the year. Since the panicky period of October gold
has been flowing into the country.
Bank debits outside of New York moved very erratically during the period under review, but tended
upward owing to the preholiday increase in business
activity. Statistics on security and money-market
activity, which are not included in this month's tables,
show a marked drop in stock prices during December,
a decline which was halted early in January. Bond
prices, after several weeks of acute weakness, became
firmer at the close of the year and in general have remained so. Stock prices in the Paris and London
markets showed similar weakness during December,
while the Berlin Exchange remained closed.

New capital issues continued on a low level during
December, but were somewhat higher than in November. Call money rates firmed somewhat, but
eased after the end of the year. Brokers' loans were
further liquidated and are now only slightly in excess
of a half billion dollars.
Much of the interest in the financial markets since
the turn of the year has centered in the heavy withdrawals of gold held here in earmark and in the lessthan-seasonal retirement of currency put into circulation to meet holiday needs. Federal reserve bank
credit has declined steadily throughout January but at
a relatively low rate, owing to the low rate of circulation retirement. Coincident with gold withdrawals,
the bills held by the Federal reserve banks for the
account of foreign purchases showed some increase,
particularly during the second week of the month.
Inasmuch as these purchases are often paid for out of
foreign bank deposits held with the reserve banks, the
trend in bills so held probably explains in large part
the decline in these deposits during January.
The continuation during January of the decline in
brokers' loans has brought the total outstanding to
the lowest levels since the early part of 1918. Loans
made for the account of nonmember banks have fallen
to the smallest total ever reached by this group of
security loans.

CREDIT AND BANKING STATISTICS
Bank debits

|

Reporting member!
banks Wednesday i
closest to end of j

i

Year and
month

New
York
City

Outside
New
York
City

Loans

Canada

^

Investments

Net
Total
gold
bankimDePostal
ers' ac- ports
inI ceptMoney posits savings,
.
New balance
in
ances cluding
'flV>lf
gold
circu- \
outTotal Total Total Total MemState credit
ber
bills
rebills bought United reserve bank stand- leased lation savings of deing
disStates bank
banks positors
end of
count- in the securi- credit reserve month from
open
aceared
ties
market
mark
count
i

Condition of Federal reserve banks
end of month

Thousands of
dollars

MILLIONS OF DOLLARS

1929: December. _
1930: December. _
1931:
January
February
March . .
April
May
June
July
August
September...
October
November...
December _ .

1,582
1,373

2,355
2,471

1,732
1,556

-86.4
17.5

4,943
4,823

4,392
4,792

610
599
599

980
925
990

668
678
728
742
727
717
817

1,520
1,520
1,467
1,422
1,413
1,368
1,228
1,090

46.3
18.6
28.6
42.0
53.6

1,255
1,578
2,184
1,931
1,853

2,398
2,343
2,428
2,371
2,389
2,381
2,367
2,373
2,364
2,167
2,051
1,961

4,695
4,598
4,590
4,647
4,679
4,750
4,836
4,947
5,133
5,478
5,518
5,611

4,888 278, 353
4,928 292, 059
5,018 302, 658
5,059 313, 775
5,083 325, 028
5,156 347, 417
5,149 372, 457
5,173 422, 699
5,231 460, 915
5,217 ! 527,130
5,213 i 555,560
5,255 595,634

39, 850
29, 001

26, 902
23, 107

3,805
3,012 i

8,304
7, 814

9,344 i
8,449

5,514 !
6,693 i

632
251

392

511
729 i

24, 557
20, 948

21, 697
17, 084
19, 421
19, 620
18, 858
19, 406
18, 444
16, 526
16, 627
18, 125
14, 605
17, 112

2,668
2,535
2,570
2,786
3,172
2,694
2,400
2,244
2,451
2,587
2,842

7, 379
7, 313
7, 256
7, 052
6, 867
6, 746
6, 544
6, 519
6, 346
5, 897
5, 807
5, 777

8,374
8,151
8,126
7, 941
7,863
7,945
7,942
7,879
7,845
7,624
7,543
7,327

6,843
7,183
7,551
7,903
7,807
7,795
7,810
7,665
7,916
7,700
7,506
7,428

|
i
1
1

232
198
250
157

125
109
124
163
125
106
73
215
469
681
452

27, 589
26, 821
25, 072
25, 893
21, 007
17, 501
20, 073
20, 678
14, 464

19,233

 96697—32

i
i
i
1
1
!
i1
:
i

174
149
195
255
328
728
718

633 i

364

339

598
598

937
917

943
976

996

1,040
1,002

156. 1
-10.2
41.5
-258. 5
-445. 3
211.4
104.0

164, 276
245, 379

10

SURVEY OF CURRENT BUSINESS

February, 1932

Domestic Trade
trade
RETAILalthough increased substantially in December,
the expansion fell somewhat short

but the adjusted index was close to the average for
the past four months. Merchandise 1. c. 1. loadings
were also down by the normal seasonal amount, and
the adjusted index remained unchanged for the third
successive month. December 1. c. 1. loadings were 10
per cent lower than a year ago, or about the same as
the percentage decline as for the full year. Postal
receipts were up seasonally; the December gain over
the preceding month amounted to 38 per cent, compared with an increase of 36 per cent in the corresponding period of 1930. Average monthly receipts
for 1931 were 9.3 per cent less than for the preceding
year.
Commercial failures are usually higher in December
than in any other month except January, but the increase of 26 per cent in December over the November
total was exceptionally large. The number of failures
last month, as well as the liabilities involved, was the
largest since January, and while the former were also
greater than in December, 1930, liabilities involved
were below that month. For the year 1931, business
failures totaling 28,285 against 26,355 in 1930, were
considerably more numerous than in any preceding
year. Liabilities involved also reached the record
figure of $736,309,000, compared with $668,284,000 in
1930. The 1931 increase was largely the result of the
greater number of failures in the trading group, which
comprised 70 per cent of the total.

of seasonal expectations. Department store sales
were much larger than in November, but after adjustment for the number of business days and seasonal
changes, the index declined. Sales through these
outlets were 14 per cent less in dollar volume in
December than a year ago, and for the full year 1931
were only 11 per cent less than in the preceding year
despite the decline in the price level. Chain-store and
mail-order-house December sales were 9.3 per cent lower in value than in the same month of 1930, a somewhat
larger relative decline than for the full year, which
amounted to only 5.7 per cent. Allowing for lower
unit values, it is evident that the volume of sales of
such organizations exceeded those of the preceding
year. Excluding the mail-order houses, 38 chain-store
companies reported a decline of 7.3 per cent in the
value of December sales, compared with the preceding
December and of only 3.8 per cent for the entire year
in comparison with 1930.
Advertising expenditures, excepting for radio broadcasting facilities, were reduced in December and the
lineage in both newspapers and magazines was below
the total for December, 1930, as well as the average
for the year 1931.
Distribution of merchandise by the railroads during
December underwent the usual seasonal contraction;

DOMESTIC TRADE STATISTICS
Department
store sales

Tear and month

Unad- Adjust- justed i
ed »

Freight car Five-and-ten-j
loadings, mer- cent-store
chandise, I.e. 1.
sales

Department
store stocks
Unad- Adjust- justed*
ed «

Unad-i Adjust- justed | ed*
!

Mail!
order
sales, 2
Unad- Ad1 houses
just- just- i
ed
ed»




1

191
165

108
94

94
85

100
91

79
80
92
101
97
90
65
67

97 1
98
97
106
97 !
95
91
88
84
86
83
81

78
81
87
85
85
80
75
76
84
88
89
73

88
86
84
83
83
82
81
79
81
80
79
78

93
97
142

111 ....
102
91

Corrected to average daily sales.

100
94
82

!

96

86
83
87
89
91
92
89
:

87

86
88
87
85
77
105
97
87

Commercial
failures

Advertising
lineage

Money
order
value,
Fail- Liabil- Maga- News- paid
ures
ities
zine paper
MilNum- Thou- Thou- lions of
sands sands
ber of dolls. of lines lines

Thousands of
dollars

Monthly average, 1923-1925=100

1929* December
1930* December
.- - _
1931:
January
February
M^arch
April
May . .
June _
July
August
September.
October
November
December
Monthly average, January through
December:
1929
1930
1931

Postal
receipts,
50 selected
cities

Thousands
of dolls.

103 i
92 j

308
300

165
154

90. 019

72, 486

40, 785 i
38,572

2,037 67, 465
2,525 83, 683

2,856
2,230

100
82

90
89
89
88
89
89
88
86 ;
85
83
83
83

125
127
144
160
156
148
140
143
142
169
148
279

162
163
159
168
168
162
149
160
156
152
147
Hi

41, 459
39, 422
43, 008
52, 078
50, 070
49,480
45, 093
43, 004
45, 955
52, 280
45, 898

29, 172 !
26,405 !
30,178 i
29,257
27,844 i
26,442 |
24,578 !
23,389 i
26,335 !
28, 618 ;
25, 355
U, 966

3,316 94, 608
2,563 59, 608
2,604 60, 387
2,386 50, 868
2,248 53, 371
1,993 51, 656
1,983 60, 998
1,944 53, 025
1,936 47, 256
2,362 70, 680
2,195 60, 660
2,758 73, 213

1,585
1,992
2,203
2,421
2,375
2,191
1,613
1,316
1,603
1,911
1,882
1,626

76
72
90
89
88
80
67
67
77
88

32,349 I
30,561 '
27,712 :

1,909 40, 271
2,196 55, 690
2,357 60, 776

2,722
2,435
1,893

102
88 i
79

164
160
157

«Adjusted for seasonal variation.

61,249
55, 225

1

End of month figures.

101, 453
91,923
i
'
i
i
i
;

82 ;

78, 273
70, 935
81, 747
90,646
81, 956
79, 311
76, 365
71, 622
74, 679
81,318

77

90,963
84,576

11

SURVEY OF CUERENT BUSINESS

February, 1932

Transportation
of
during DecemDISTRIBUTION by commodities daily freight-car
ber, as reflected
the average

The number of idle freight cars reached the low for
1931 at the close of October, when 535,000 surplus cars
were reported. November and December witnessed
material increases in the number of idle cars, the
December surplus totaling 751,000 cars, 6 per cent
above the December, 1930, total, and the largest surplus registered since this series was started in 1917.
The average monthly number of freight cars idle
during 1931 was 32 per cent over 1930, and 162 per
cent over 1929.
Payments of dividends by steam railways during the
year just closed totaled $449,350,000 compared with
$510,300,000 in 1930 and $468,400,000 in 1929. The
1931 dividend payments, however, exceeded any year
previous to 1929.
The closing month of the year witnessed the usual
seasonal drop in traffic passing through the Sault Ste.
Marie Canal. Government-owned barges operating
on the Mississippi River, however, reported the largest
volume of traffic carried during the year, and 54 per
cent over the December, 1930, traffic. Traffic through
the Cape Cod Canal also exceeded the November
volume, but was slightly under the December, 1930,

loadings, decreased from November by a greater
amount than would normally be expected at this season of the year. The Federal Reserve Board's
adjusted index of total cars loaded decreased from 68
in November to 67 in December, the lowest figure
registered since this series was started in 1919. Loadings in December were 20 per cent under December,
1930, and 34 per cent under 1929. For the year 1931,
as a whole, the average monthly car loadings were 19
per cent under 1930 and 29 per cent under 1929.
The movement of freight in less-than-carload lots
during December was of about the same proportions
as during November after adjustments are made for
the number of business days and seasonal variation.
Merchandise loadings during December, however,
were about 10 per cent under December, 1930, and 19
per cent under 1929. The average monthly merchandise movements by the railroads during 1931, as a
whole, was about 10 under 1930 and 17 per cent under
1929. All commodity groups witnessed a material
decrease in average monthly freight-car loadings during
1931, as compared with 1930 and 1929.

figure.

River

Sault New r-anp
Ste. York VvSi
Marie State | Cod

Mississippi
(Govt.
owned
barges)

Monthly
average,
1923-1925=100 ;

Thous. of
dollars

Thousands of cars *

Thous. of Thous. of
long tons net tons

Thousands of short tons

~ "

1929: December
1930: December - _
1931:
January
February
March
April
May
June
July
August
_.
September
October
November
December. _.
Monthly average,
January through
December:
1929
1930 _
1931

1

0 ;
0 !

3,338
2,782

908
819

160
142

102
94

804
638

182
121

33
22

3,150
945

447
707

38, 600
39, 000

481
312

78
76
78
78
70
61

3,491
2,836
2,940
2,986
3,736
2,992
2,931
3,747
2,908
3,813
2,620
3,273

997
842
886
899
1,097
876
830
1,069
841
1,081
806
743

196
165
153
151
180
140
220
228
149
193
145
112

124
88
79
85
106
75
71
106
96
145
104
87

817
584
555
486
611
465
452
617
516
755
507
494

156
138
138
130
165
125
106
138
104
123
87
71

26
22
23
29
80
119
139
175
121
102
25
15

1, 175
997
1,105
1,206
1,496
1,192
1,113
1,413
1,081
1,415
946
753

647
651
622
603
616
599
564
574
564
535
659
751

55, 600
44, 900
45, 500
38, 100
32, 500
34, 000
41, 500
33, 500
26, 500
36, 000
32, 450
28, 800

0
0
0
922
4,335
6,645
7,611
8,385
7,126
6,248
3,049
293

0
0
0
349
457
385
506
425
587
505
510

106
92
75

4,402
3,823
3,106

1,100
1,017
914

200
189
169

118
107
97

811
701
572

271
197
124

190
138
,3

1, 712
1,473
1,158

235
467
615

39, 033
42, 525
37, 446

8,302
6,075
3,718

240 j
301 1
i

102
84

89
74

82
80
80
80
79
77
76
72
69
69
68
67

74
74
75
77
79

* Daily average basis.




Ocean traffic clearances, American ports

Canals

Panama Canal traffic,
American vessels,
both directions

Dividend payments,
steam railways

.

"
"

Miscellaneous

Q

Ore

' 1

Canal and river traffic

~

0)

!
"3

Forest products

(>)

s
i
Livestock

Ad- Unadjusted Justed

Grain and
products

Year and
month

I.C.I.

F. R. B. index

Merchandise,

Freight-car loadings

Freight-car surplus

!

RAIL AND WATER TRAFFIC

1

!
I
I
!
!
!
!
|
i

190
225

73
108

" '
1,219
953

2,078
1,991

234
166
163
203
217
203
211
186
198
221
210
222

76
70
83
82
100
86
104
104
107
105
86
166

958
864
910
929
937
828
820
859
884
930
676
774

1, 843
1,695
1,773
2,092
2,525
2,241
2,742
2, 734
2,478
2,420
2,296
1,729

180
208
203

108
96
07

1,237
1,100
862

2,659
2,662
2,2U

Data for January, May, August, and October are for 5 weeks; other months, 4 weeks.

12

SURVEY OF CURRENT BUSINESS

February, 1932

Construction
during December for
CONTRACTS allawardeddeclined in both volume construction of
types
and

value to exceedingly low levels and activity in the
industries supplying materials for building purposes
was further curtailed. Building material prices for
frame and brick houses were reduced and the index of
construction costs again declined.
The value of contracts awarded for all types of construction amounted to $137,000,000, compared with
$249,000,000 in December, 1930, and an average of
$458,546,000 in December of the five years, 1925 to
1929. All contracts awarded in 1931 were valued at
$3,093,000,000, which was 32 per cent less than in
1930 and 50 per cent below the 5-year average.
Value of residential construction has been smaller in
each month with the exception of one since March,
1931, and for the year just ended accounted for only
26 per cent of the value of all contracts awarded as
compared with an average of 43 per cent in the years
1925 to 1927. The value of contracts awarded for
public works and utilities was slightly larger in December. In 1931 this class of construction contributed 38

per cent to the total value of all contracts awarded as
compared with only 20 per cent in the years 1925 to
1927.
Shipments of maple and oak flooring and the production of cement, which have been declining continuously since early summer, were respectively 22, 7,
and 27 per cent smaller than in November. New
orders for fabricated steel increased 14 per cent. For
the year as a whole shipments of maple and oak flooring
were, respectively, 18 and 14 per cent smaller than in
1930 and 48 and 42 per cent smaller than in 1929.
Total production of cement fell 27 per cent below the
November level and for the year averaged 27 per cent
less than in 1929.
Building material prices of frame and brick houses,
which had declined continuously during the first three
quarters of the year, became firmer in October and
November but showed further weakness in December.
The index of construction cost compiled by the Engineering News Record showed a larger percentage
decline from November to December (2 per cent) than
in any other month of the vear.

BUILDING MATERIALS, CONSTRUCTION, AND REAL

Fabri- >
Maple 1 Oak
i
Cc- cated
floor- i floor- m en t strnc- ,
i
tiiral
ing
ing
steel | Frame Brick
Residential Public works
housebouse
building
and utilities

F. n. if.

Year and month

Index (3;.
nion tns ;
moving AH types of
average j i construction
of values \
unadjusted) i

Shipments
;

i

,i

'•




Production

Long-term
real-estate
bonds
Construction
cost,
Eng.
NcwsEec.

New '
orders

•

Monthly i| Mil,nl
Mil- ; Mj ,
Thou- Milaverage j i lions of Tir::i nff lions of HrJ"" f sands of lions of
1923- i ! square ™ f ° square ; f^°! square dollars
1925=100;: feet <iollar3 j feet ; doilars ' feet
1929: December.
1930: December
1931:
January
February
March..
April
May
June.. _
July
August
September.
October..
November
December
„
Monthly average, January through December:
1929
1930
1931

Building
material
prices

Building materials

Building contracts awarded

ESTATE

34
59

44.0
29.1

310 ;
249 :

17.8 ' 114. 1 '
14.7 ; 70.9 :

58
68
77
82
78
74
68
63 ]i
i
59
52 i
43 !
31

24.6
28.3
38. 0
39.4
38.9
33. 7
33.8
30. 6
30.1 ,
30.7
20.5 .
17.2

228
235
370
337
306
316
286
233
251
242
151
137

;
:
i
1
i
j
!
j
i
!
i
|

12. 2 i 54.4 i
393
16. 6 i 77.9 !
246
22. 1 i 100. 9 1
522
22.6 i 95.9 ;
785
21. 9 i 88.9 !
387
16. 9
72. 7 | 2, 367
15.9
63.9 i 1,233
14. 1 ; 60. 2 1
737
13.0
54.6 •;
353
15. 2 ! 60.5 l
171
11.0
45.3
271
8.8 ; 36. 2 i
280

117 1.
92 !.
63 |

65.9
42.5
30.5

479 i
377 i
258

32.3 159.6 i
946
19. 2 1 91.8 i 1,192
15.9 j 67.6
645

860
697

ThouThousands of Thou- sands of ,j First of month, monthfeet, board sands of short
ly average 1913=100
barrels tons
measure

Realestate
market acTo fitivitynance
deeds
record- I Total new
coned
struction

Monthly average
1926=
100

Thousands of
dollars

177
168

181
174

209.5
196.9

75.2
68.9

8,100
29,877

4,530
530

95.2 i 2, 351 18, 365 6, 595
78.6 ! 2,676 21,713 5, 920
8, 245
3,017 26, 243
151.7
133.0
3, 226 28, 155 11,245
108. 9
3, 315 27, 745 14, 010
140. 3
3,778 23, 131 14,118
3,447 25, 691 13,899
116.3
3,397 21,464 13, 549
73.0
85.1
3, 144 19, 486 12, 092
82.5
2,703 18, 203 10, 762
47.4
8,161
2,481 13. 907
5,998
50.3
1,928 12,976

298 1
153 I
|
162 i
158
184
293
153
177
159
124
197
110 '
87
99

163
165
163
157
160
158
155
156
154
156
158
156

170
171
170
167
167
166
164
163
161
162
163
161

194.5
196.6
194.5
191.6
189.3
187.4
174.4
171.4
171.4
169.8
169.3
166.2

66.0 i 4,520
3,590
66.7
2, 015
61.7
62.0 • 7,235
9,485
61.3
58.4
3,425
775
61.1
2, 100
59.8
60.5 : 66,785
9,125
63.2
2, 619
3, 185

2,850
1,500
1,000
1,700
0
1,000
600
565
395
500
725
0

5,734 37, 058
121.6
137. 6 1 3, 600 24, 985
98.0
2,955 21,423

300
224 :
159

177
173
158

182
177
165

207.0
202.9
181.4

83.9
70.6

27. 823
14,255
9,572

11,151
4, 680
903

65.3 i 2,715 23, 137
78.6 ' 1,811 17, 152

11,215
8,480

14, 183
13, 409
10,383

13

SURVEY OF CURRENT BUSINESS

February, 1932

Agriculture
estimates of cotton crops
the principal
RECENT producing nations indicate inthat the 1931foreign

ber and the early part of January with prices at Boston
remaining firm. Australian prices were slightly lower
during December, but showed a strengthening tone in
the opening sales of the new year.
Shipments of potatoes were extremely light during
November and December. The combined carload
movement for the two months totaled 27,000 cars
compared with 32,000 cars a year ago. Some of the
loss, however, was absorbed by increased movement by
truck. In the early part of December potato prices
continued at the level of the preceding two months,
but in the last week of the month and the first week
in January there were some moderate advances.
The sale of internal-revenue stamps indicates a
continued decrease in total domestic tobacco consumption. Records of sales from July to November show
an altered consumption of the different products.
Manufactured tobacco for chewing and smoking increased 3 per cent, while cigars and cigarettes declined
12 per cent and 9 per cent, respectively. There was
also a decided shift from high-priced cigars to lowpriced cigars and cheaper smoking products generally.
Exports of tobacco continue to reflect a decrease in
foreign consumption. Unusually large shipments of
flue-cured tobacco to China raised the November
export volume of this product slightly above the
October total.

32 season will run approximately 1,000,000 bales
behind 1930-31. A loss of 1,600,000 bales is anticipated for India, China, and Egypt, partly offset by an
increase of 600,000 bales in Russia, Brazil, and Mexico.
It is estimated that production in the United States
will exceed last season's by 3,000,000 bales.
Domestic cotton consumption in December was
approximately 10,000 bales greater than in December,
1930, despite a loss of 13,000 bales as compared to
November, 1931. Each month since June, 1931,
domestic mills have consumed more cotton than in the
corresponding month in 1930. The total consumption
for the first five months of the season, including
December, amounted to 2,196,000 bales. In the same
period a year ago the consumption was 2,010,000 bales,
indicating a gain for the current season of 9.3 per cent.
During 1931 there was an increase of 4 per cent in
the combined wool clip of the 10 countries producing
four-fifths of the world total. The greatest gains
were made in the United States, Australia, and the
Union of South Africa. Stocks of wool were moderately heavy in the Southern Hemisphere countries at
the beginning of the present season, and these have
been augmented in the past few months. The domestic wool market was seasonally inactive during Decem-

INDEXES OF AGRICULTURAL MARKETING AND STOCKS
Indexes of marketing

Year and month ii ^oinf*AWn
| bined
index

Woo!

-m »
"££
stocl£

Indexes of stocks, end of
mouth

Crops

Animal products

Poultry Dairy
and eggs products

Combined
index

Fish

1
!
! vo«rn
Grains i *Vs:£
Fruits
f>dwes
!

i

!

!

Cotton
'•

Wheat, !
visible Meats, Cotton,
supply,
coldUnited
United storage States
States ;

Monthly average, 1923-1925=100
1929: December
1930: December
1931:
January _
February. _
March
April
. . !i
May
June
i
Julv
August
September
October
November
_
December.
Monthly average, Jan- •
uary through December:
1999
1930
i
1931
. ...i

101.8
98.9 i

123. 9
105. 8

l
90.1 !
79. 8 |

96.4
91. 3
102. 9
113.1
130. 9
156.6
123.6
96.3
90.5
92.6
94. 9
106.2

103.4
116.2
169. 4
174.3
138.5
144.5
161.2
189.3
160. 1
140. 5
117.2
78.5

!

74. 3
66.8
64.4
53.1
62.0
55.2
103. 0
83.9
119. 3
219. 2
158. 8
98.5

81.0 !
84. 6 |
80.0
63.9 1
69.0 !
68. 6 !
182.9 j
130. O f
79.8 1
84.0 i
66. 9 !
44.7 j

98.0
91. 1
104.3
93.3
135.6
165.8
103.4
64. 1
103.2
131.9
79. 1
70.5

106.1
102.8
107.9

175. 1 :
181.1 ;
141.1 i

110. 5
100. 8
88. 5

102.8 i
93.9 !
86.3 !

116.8
111.6
103.4

93.0
97.8

70.4
57.1

89.7
93.9

137.4
137.8

84.1
92.7

94. 7
85.5
94. 0
101.2
106.7
318.0
105. 2
94.3
91.5
98. 6
07. 5
101.6

25.3
50.8
61.9
78.2
197.1
405.4
573.2
259.6
125.1
49.5
46.5
40.3

96.2
79.8
79.6
82.6
80.2
77.9
72.6
82.5
88.3
104. 2
96.2
95.9

95. 0
94.0
121.8
137. 0
125.6
115.6
88.6
88.0
88.4
75.4
117.2
129.8

99 2
98.4
98.9

129. 4
154.6
159.4

88. 3
86. 7
86.3

105.5
105. 4
106.4




i
i
:
:
i;
i

77.3
79. 4

183.0 ; !
144.9 !

310.5
333.3

94.1
76.9

206.4
266.8

70.2
68.1
75.1
70.6
102.2
88.8
139.3
154.6
129.2
191.1
96.8
02.9

64.0 i
45.1 ;;
38.6 :
29.8 i
28.3 !
9.1
22.6 • !
29.2 :
152.1 :.!
366.7 i
274.9 :!
162.1 !

335.8
343.7
352.7
339.8
336.4
324.7
370.4
413.5
407.7
393.4
391.9
375.5

100.1
114.0
111.8
114.8
110.8
105.8
98.7
83.3
66.6
52.8
54.6
76.3

254. 2
235.8
216.4
196. 9
179.5
162.3
146.8
140.1
188.1
281.0
322.8
320.7

107.8
99.5
104.1

116.5 ;
104.7 '
101.8

255.5
287.0
363.5

111.4
89 0
90.8

126.6
173.1
220. 4

53.1 •
67.1 !

14

SURVEY OF CURRENT BUSINESS

February, 1932

Iron and Steel Industry
ECEMBER, with a new
Dfor the depression, closed a low production record
year of drastically curtailed operations in the iron and steel industry. After
the slight gain in November, production again declined
and for the year averaged 37 per cent below 1930 and
55 per cent below 1929. Activity in the industry expanded in January, following the year-end curtailment, but so far the gain has been slight with buying
continuing on a restricted scale. Employment in
iron and steel manufacturing in December declined
by less than the usual amount.
Pig-iron production dropped below 1,000,000 tons
in December, and the daily output of 31,625 tons was
the lowest since the summer of 1921. Monthly output has declined without interruption since April, and
last month was 11 per cent below the preceding month
and 41 per cent below the same month of 1930, the
latter being about the same as the decline for the 12
months. Furnaces in blast at the end of the year
numbered only 56, a net loss of 11 for December, and
13 fewer than the minimum of the 1921 depression.
Steel-ingot production declined 21 per cent below
November, on a daily average basis. Operations during the month were at the rate of 24 per cent of capacity, as against 38 per cent in December, 1930. No

pronounced gain has occxirred so far in January with
the operating rate for the first three weeks the same as
in December. Total production for the year 1931
was about 36 per cent lower than in 1930.
Notwithstanding the low operating rate in December, the unfilled orders of the United States Steel Corporation declined 199,000 tons, the ninth successive
monthly reduction. While part of the decrease was
probably due to year-end adjustments, it is in contrast to the usual gain for the month. For the second
successive year building and other construction took
first rank as the leading steel consumer with 18.5 per
cent of the total, according to the Iron Age. The
automotive industry consumed 16 per cent; the railroads, 13.5 per cent; containers, 9 per cent; and the
agricultural industry and exports, about 4 per cent each.
Exports of iron and steel again dropped in December, following the slight gain in the preceding month,
and for the year were less than half as large in value
as in 1930. Imports were also lower for the month,
but for the year, as a whole, they were only 20 per
cent below the 1930 imports. Prices continued to
recede in December, and the composite iron and steel
price was 15 per cent below the level of two years ago.

IRON AND STEEL STATISTICS
Fabricated i
Steel ingots structural
General operations
steel
steel
United
States
Steel
PieBate of
iron
Corporation,
opera- Empro- !
Per
!i due- i Pro- cent
F. R. B. tions, ploy- Pay
unfilled
Index electric ment rolls Ex- Im- tion duc- of ca- New Ship- orders
or- ments end of
energy ad- unad- ports ports i
(adtion pac- ders
month
justed) * con- justed^ justed
ity
sumption

j

i

Year and
month

Monthly average,
1929: December...
1930: December...
1931:
January
February
March
April
May
I
June
July
August
September
October . ._.
November
December...
Monthlyaverage,
January through
December:
1929
1930
f qqi

Thousands of long tons

Prices

i!

Manga imports
Steel
(Manga- billets, Iron and
nese
Bessesteel
content) mer compos(Pittsite
burgh)

Per ! Thousands ! Thousands of long
of short
cent
tons
tons
|

Structural
steel
beams

Composite
finished
steel

Dolls, per 100
pounds

Dolls, per long ton

90
59

120. 5
110.2

93.6
79.1

93.5
66. 7

215
102

40
24

2, 837
1,666

2,903
1,980

59
38

298
153

246 !
168 i

4,417
3, 944

15
29

34.60
30.60

35.95
31.76

1.90
1.60

2.50
2.19

64
73
78
75

77.5
75.9
76.6
76.5
74.8
72.6
72.1
70.3
67.4
66.2
65.3
65.4

62. 4
67.5
70.0
69. 1
64. 9
57.6
52.4
50.6
45.2
43.9
41.2
41.0

93
91
110
101
91
76
84
73
70
59
60
57

34
22
33
41
30
31
28
22
25
23
23
18

1,714
1,707
2,032
2,020
1,994
1.639
1. 463
1,281
1,169
1,173
1,103
980

2,459
2,502
2,994
2,722
2,505
2,076
1,886
1,719
,548
,592
,594
1,302

43
49
54
49
45
38
34
31
28
28
30
24

162
158
184
293
153
177
159
124
197
130
87
99

172
151
158
148
162
182
169
150
146
112
121

4,132
3,965
3,995
3,898
3,620
3,479
3,405
3,169
3,145
3,119
2,934
2,735

17
10
2
33
21
37
38
22
27
21
9
8

30.00
30. 00
30.00
30. 00
29.50
29.00
29.00
29.00
29.00
29.00
29.00
28.80

31.70
31.65
31.66
31.61
31. 39
31. 02
31. 05
31.05
31.03
30.81
30. 61
30.32

1.63
1.65
1. 65

2. 23

59
51
46
43
46
38

103.4
116.5
119. 4
108.1
106.8
86.6
83.1
78.0
78.3
76.3
77.0
70.0

130
94
59

119.4
123.9
92.0

98.9
87.1
71.7

106.0
84.4
55.4

253
165
80

47
35
28

3,524
2,617
1,523

4,526
3,274
2,075

89
63
38

300
224
159

276
249
153

4,161
3,999
3,466

27
23
20

34.66
31.84
29.36

36.49 i
33.56
31.16

72
64

* Adjusted for seasonal variation*




1923-1925= 100

I

166 !

!
i
•
;

1. 65
1. 65
1. 65
1. 65
1.60
1.60
1.60
1. 60
1.60

1.92
1. 71
1. 63

2.22
2.22

2. 22
2. 21
2. 19
2. 20
2.19
2.20
2.18
2. 18
2.16

2.54
2. 33
2. 20

15

SURVEY OF CURRENT BUSINESS

February, 1932

Chemical Industries
general
the chemical inBUSINESS volume in was less inthan usual at this
dustry in December
time of year, while prices remained fairly firm throughout the month.
Employment in the industry, as measured by the
Federal Reserve Board index, declined slightly more
than seasonally, the general average level for the year
having been 15 per cent below that of 1930 and 21
per cent under 1929. Pay rolls likewise declined in
December to a new low point, with the average for
1931 about 19 per cent less than in 1930, and 25 per
cent below the position in 1929.
Stocks of chemical raw materials on hand declined
in December, after the sudden increase in the corrected
figure for November, to about the same level as in
October. These stocks, which vary seasonally, are
somewhat less than at this time for several years past.
Stocks of manufactured products are higher than
usual at this time of year, the December quantity on
hand being 7 per cent greater than a year ago and 26
per cent more than the average for December in the
years 1923-1925.
Gum rosin receipts at three ports, which usually increase seasonally in December, declined slightly, being
20 per cent less than in December, 1930. Wood rosin
production, however, which usually declines seasonally

in December, this year increased slightly, production
for the month being nevertheless 32 per cent less than
a year ago.
Gum turpentine receipts declined somewhat more
than seasonally in December, being about 28 per cent
less than receipts a year ago. Wood-turpentine production increased slightly to a point about 40 per cent
less than December production in 1930. Output for
the year was 34 per cent below production in 1930 and
33 per cent under 1929.
Refined arsenic production increased slightly in
December, while stocks declined a small amount.
Crude arsenic production, however, more than doubled
as compared with the month previous and was almost
double production of a year ago. At the same time
stocks on hand rose almost the amount of the increase
in production.
Imports of potash salts in December were the lowest
in many years, and were less than half of the imports
of a year ago. The average for the year was 43 per
cent less than in 1930 and 39 per cent under the 1929
figure. Nitrate of soda imports also reached a new
low point in December, less than half of the volume
in December, 1930. During the year as a whole, imports were only 4 per cent less than in 1930, but 41
per cent less than in 1929.

CHEMICALS STATISTICS
1

General operations
Employment
F. R. B. Indexes

j
i

|

Stocks

Monthly average, 1923-1925=100
1929: December
'
1930: December
.
.
1931:
i
January
i
February
'
March.
_.;
April
i
May__.
!
June
i
July
il
August
!
September
'
October _ _
•
!
November
December
Monthly average, January through j
December:
i
1929_
'




Explosives

Pay Manu- Raw
4^
Uiiad- rolls,
facmajusted justed unad- tured terials
justed goods

Year and month

1930
1931

Ethyl
alcohol

Rosin,
wood

Tur- Super- ByArpen- phos- prod- senic, Ferti- Potash Nitrate
tine,
lizer
salts of soda
uct
wood phates coke refined
Consumption

Imports

Thous.
Short of short
tons
tons

Long tons

Production

Thous.
of gals.

Thous.
of Ibs.

Barrels

Thous. of short
tons

111.9
97. 9

111.8
97.8

114.0
94.7

126.5
123.9

129.4
124.2

16, 262
17, 770

31,015
24, 024

36, 628
34, 332

7,068
6,200

358
336

4,175
3,055

1,063
1,439

95
74

46, 710
25, 324

65, 569
35, 512

96.6
94. 5
89.8
91. 7
93.0
89.6
89.4
86 6
85. 7
85.4
83. 1
81,9

96 2
95.6
93.3
96.7
91.4
86.7
86.2
84.4
86.0
85.7
83.5
83.0

90.4
92.9
89.8
92.0
88.4
84.1
82.9
80.4
80.8
80.8
76.4
75.0

128.8
130.7
132.0
129.0
129.3
124.1
119.2
117.4
120.4
127.0
131.9
133.3

107.7
103.2
96.5
91.5
88.4
87.9
86.7
85.3
99.5
120.7
133.9
119.3

11,869
8,859
11, 929
11, 162
13, 120
13, 111
11,975
12, 363
12, 952
16, 037
14, 084

24, 056
28, 751
25, 414
27, 647
26, 960
25, 981
25, 068
24, 548
26, 598
25, 282
24, 509

24, 488
32, 332
33, 544
35, 585
33, 593
34, 747
28, 495
17, 074
25, 058
26, 102
21, 440
23,343

4,757
5,634
5,740
6,344
5,996
5,675
4,370
2,607
3,797
3,922
3,547
3,733

326
249
226
195
162
146
143
162
142
141
143

3,092
2,898
3,256
3,146
3,126
2,715
2,569
2,443
2,310
2,389
2,276
2,234

1,570
1,409
1,506
964
1,044
1,024
997
1,238
1,252
1,180
1,126
1,172

343
640
1,352
1,132
195
74
25
40
91
94
66

41, 663
33, 822
60, 394
30,206
17,706
14, 650
67, 958
65, 043
66, 440
50,071
12, 872
11,998

45, 890
68, 421
120, 164
67, 008
34,006
29, 711
18,809
35, 367
48, 590
33, 968
29, 871
17,039

...

112.3
104.5
89.0

113.4
103.9
84.5

121.4
128.8
136,8

108.7
110.0
101.7

17, 222
13, 931

30, 543
31,847

37, 461
39, 507
27,975

6,955
7,029
4,677

305
333

4,451
3,766
2,705

927
1,074
1,207

460
458

64,826
69, 473
39,403

77, 538
47, 383
45,736

i
...

16

SURVEY OF CURRENT BUSINESS

February, 1932

A u t o m o b i l e s and R u b b e r
ACTIVITY in the automobile industry expanded in
•^"•^December following the extremely low operations
of the preceding month. The increase in production
was partially seasonal, since it has been the custom for
many years of some manufacturers to introduce new
models early in January. This season the movement
was more pronounced with many plants wilich had
been idle coming into operation and others increasing
output of an altered product. Production totals for
the month were 22 per cent below December, 1930.
Passenger-car units produced during December increased slightly more than 100 per cent over November, but remained 20 per cent below December, 1930.
Truck production increased 20 per cent and the output of taxicabs recorded the highest total for any
month in 1931. The total Canadian production in
December also increased approximately 100 per cent.
The average monthly production of 199,000 automobiles during 1931 was the lowest since 1921, being 29
per cent under 1930 and 56 per cent under 1929.
December exports were greater than any month since
July. Both passenger cars and trucks made wide gains
over the abnormally low figures for November. The
monthly averages of exports of passenger cars and

AUTOMOBILE

trucks during 1931 was lower than in 1930 by 46 per
cent and 43 per cent, respectively.
Based on reports from 23 States, R. L. Polk & Co.
estimate the total December registrations of new passenger cars at 76,700 units as compared with the November registrations of 75,829. If the remaining
States show the same comparative results, this will
mark the first monthly gain since April, 1931.
Crude rubber imports during December were by far
the highest of the year and were 44 per cent over
December, 1930, and 25 per cent over 1929. The
average monthly 1931 imports of crude rubber, while
exceeding those of 1930 by about 3 per cent, were 11
per cent under the 1929 imports.
Production of pneumatic tires has decreased month by
month since May, the November production of 2,001,000
tires being the lowest since July, 1923. Domestic shipments, however, rose slightly during November, and
were somewhat above the same month in 1930, but
under November, 1929. Domestic shipments during
November recorded an increase after four months of
successive declines. The gain was mostly seasonal and
due to an increased demand by automobile manufacturers in preparation for new models.

AND RUBBER
Automobile
exports

Automobile production
United States
F.R.IJ*
index,
Total
iotas
justed

Year and month

1

Monthly averages,
19231925= !
100
j

:

Pas- !

Automobile
financing
mobile
acces-

Canada

i

seii
" Ta51"" Trucks
irucKh
ger
cabg
1 cars j

Thousands

STATISTICS

i

„

due-

ers

tion

January,
1925=

100

;

|

ers

Millions of
dollars

™" ! mestic
shlp
uon
«on ments
-

World
Im- stocks,
ports end of
month

Thousands

me^s

Number

Long tons

P

!
1929: December
-1930: December
1931:
January
-February
_
March
April
i
May .
..
!
June
_i
July
__ ;i
August
September
'
October
!
November
. _
;
December
i
Monthly average, January i
through December:
1929—
1930
1931
.




120
156 |

65
85
63
68
67
77
78
65
60
52
40
26
36
64

;

91 I 1.483 1 27,513
121 ! 1,425 ! 33,443

172
220
276
337
317
251
218
187
141
80
69
IT*

138
180
231
286
271
210
184
155
109
58
48
97

I
i

!

!
i
i

i
:
i

i
i
i
;
i
!
!
i

512
529
410
665
340
360
180
104
141
651
989
l,m

!
!
i
!
1
;

i
i
'
!
:

33, 531
39,521
45, 101
50,022
45,688
40,244
34,317
31,772
31,338
21,727
19,683
23,030

5,495 j |
5,622 I j
6,496
9,871
12, «93
17,159
12,738
6,835
4, 220
4,544
2,616
1, 440
1, 247
3,433

13,831
9,096

8,304
9,187
11,526
| 11,228
| 8,4fb
i 5,843
6, 478
' 5. 6b'J
4,577
3, 217
1, 92S
I 5,753
,

10,910 ;
5,102 I

90 ' i
55 ;

21
36

4,534
4, 187
6,002
5,4'J9
4.4JS
4, 3iO
3, 51h
2,356
4,171
4,500
1, IS 1
'4 333

46 ;
53
65
66
61
61
57
60
06
80

40
50
63
71
73
58
49
44
36
26
16
29

8ft
i {i

56
55
46

i
,
'
;

•
•

Crude rubber

I
!

» w^e-!co*
sale
««£_

L
Passen- Trucks
get cars

Trtfai
™al

Pneumatic
tires

80
66

'
:
!
<

:

2,446
2,251

2,940
62
66
3, 188
3,730
92
3,955
113
4,543
109
4,538
105
3,941
96
80 ; 3, 125
2,538 !
68
2,379
61
49
2,001 !
50

2,448
2,550

!

2,855 ;
2, 580 i
3,143 !
3,804 I
4,197 i
4.320 j
4,244 |
3, 845
3,034 |
2,185 :
2,223

43, 232
37, 370

324, 594
439, 728

36, 598 460, 479
34, 374 471, 285
40, 788 487. 716
44, 908 487, 696
35, 844 497, 707
46, 939 496, 23S
44, 052 509, 139
39,033 511,754
38, 933 519, 846
41, 398 539, 907
45, 103 1 558, 345
53, 818 572, 862

1

130 '
S3
58

447 !
280 ;i
199

381
231 ,
164

1,466 \ 61252
745 i 47 603
503 ! 34,720

21,941 '
12, 849
6,885

28,287
12. 756
6,850

16,31*7
7, 076
4,0x0

135 !
100 :
79

4,582 !
3, 398 !
;

4,432
3, 402

46. 984
40, 460
• 41,816

268, 283
396, 002
509,415

17

SURVEY OF CURRENT BUSINESS

February, 1932

Textile I n d u s t r y
usual
slowing
THE textile year-end occurred down of activity in
the
industry
in December, 1931.

1931, were 9.3 per cent smaller than at the end of the
preceding month, they were 11.4 per cent larger than
Consumption of raw cotton per working day averaged in December, 1930, and were equivalent to about six
15,981 running bales, 8.7 per cent less than in the pre- weeks' production at the December rate of output.
ceding month, and the activity of cotton spindles in Fan-child's price index of cotton goods showed a further
place during December averaged 79.3 per cent of decline, 2 per cent from November to December.
Wool receipts at Boston increased 7.8 per cent in
capacity as compared with 85.8 per cent in November
December as compared with the preceding month,
and of 75.9 per cent in December, 1930.
Production of 300 classifications or constructions of but were about one-third smaller than during Decemcarded cotton cloth, representing a large proportion ber, 1930. Boston receipts of wool for the year 1931
of the total output of the industry, averaged 50,900,000 averaged 25,114,000 pounds per month, which about
yards per week in December, 12 per cent less than in equaled the monthly average receipts in 1929. The
November, 1931. Sales of these 300 classifications or price of territory, fine staple, scoured wool in Boston
constructions during December were 80.4 per cent of averaged 58 cents per pound in December, for the
production and shipments were 93.4 per cent. As third successive month. Activity of woolen spinning
compared with the same month in 1930, production spindles in December, 1931, was 15 per cent less
was 8.7 per cent greater, sales were 12 per cent larger, than in November and that of worsted spindles 2
and shipments were 5 per cent larger. The aggregate per cent less. Deliveries of raw silk to American mills
output for the year 1931 was only about 1 per cent less were 4.4 per cent smaller in December than in Novemthan in 1930; both sales and shipments were larger ber arid 12.6 per cent less than in December, 1930.
than production. Stocks of cotton cloth in December, Receipts by mills for the year 1931 were, however,
1931, were 20 per cent less than at the end of 1930, and slightly larger than in the preceding year. The wholemore than one-third smaller than at the end of 1929. sale price of A grade rayon has been at its present
Although unfilled orders at the end of December, level for 12 months.

Monthly average,
1923192f- =
100
1929: December
1930: Deceral-er
1931:

July
August
September
October . . .
X « > \ ember. - ... ...
December
M o i t l l v uvpi'afit
January
t hi ouch December:
1929
1930
1931

Bales

3

Silk

Ojg

£

-S
OQ

*ss

ac

P

MilThou- lions of
sands of spindle !
bales
hours

Thousands of yards

£" —

Month- i
ly uv- rp n
Holerage, u,n ,' " f lars per
TU
! 1 ullf
pound
1913= I 'J ^
100

1913- ,f ;t,°;

45° 685
405, 518

7,740
10, 031

6,768 j! 243,735
5,924 234,052

214, 148
226, 951

461,013
363, 962

431,018
288, 056

9, 557
6,365 202,149
8,864
6,122 i 212,168
8, 136
7,000 1 271.638
7, 404
7,125 ' 225', 955
6, 748
6,733 j 225,392
6,102
6, 630 i 260, 163
5, 520
6,528 1 192,545
5, 266 : 6,193 i 209,050
7,072
6,540 I 272,118
10, 566
6,595 ! 227,116
12, 137
0,014 ! 231,446
12, 056
5,951 ; 254,692

210,597
248, 354
317,185
217,582
205, 603
273, 871
211,331
227, 644
278, 049
216, 207
213, 889
237,834

355, 514
319, 328
273, 781
282,154
301,943
288, 235
269, 449
250, 855
244, 924
255, 833
273, 390
290,248

317,465
395, 802
373, 951
294,118
248,514
330, 575
277, 597
217,508
227, 1(,7
344, 6H9
354, 957
322, 039

120
119
^21
1U
115
112
111
100
95
91
87
85

587, 491
448, 149
454,085

4, 758 j 8,325 i 293,949
6,507
6,390 : 231,977
8,286
6,483 i 232,036

288,176
243, 065
238, 179

381,272
421,919
283, 805

i
,
1
,
1
j
410,087 i
307, 953 i
308, 697 |

Bales

Dollars per
pound

44,159
55, 424

1 15
95

55,910
54, 242
55,383
41,356
45,073
42,161
44, 746
! 46,454
53,819
i 56,668
50, 645
48, 432

75
75
75
75
75
75
75
75
75
75
75
75

Per cent of active hours to
total reported

15,272
11,574

151
122

450,117
433, 376
490, 509
508, 691
465, 363
453, 901
450, 884
425,819
463, 704
462, 025
428, 870
415,517

Deliveries to mills

:

|

I"?
if 11

Worsted

! ^o

«,

30

»*S-a
* O -w
^ ~ fQ
i
V™

Spinning

Woolen

*t ! *se

9
0

;
!
j
i
I1
'j
'!
,i
!
;
|

Rayon* wholesale price,
A grade, bleached

Wool manafactures

~~
Cotton textiles (23 groups of
textile constructions)

87

96

n?o«»l
Eeceipts, at Boston, total

j

;

Months do not contnin same number of weeks.
90(597—32

£
1?

115
91
95

May
JllliP




II

Cotton manufactures

86
93
97
98
98
97
102
100
100
93
89
84

. . .

Februiii y

1

Stocks, mills and
warehouses,
end of month

consumption
Mill

Vrar a n d m o n t h

Cotton, raw

Wholesale price,
Faircbild composite

F. Ii. B. Index, adjusted

i

TEXTILE STATISTICS

0.84 |
. 72

61

57
52

10,795
13,269
13,279
17,775
30,341
56,743
79,381
36,850
18,707
9,628
7,026
7,577

.68
.68
.66
. 65
.63
. 62
.62
.63
.62
. 58
.58
.58

48
66
57
55
60
61
64
66
63
53
46
39

52
54
57
57
66
73
83
78
70
49
51
50

25, 375
26,056
2-", 114

.97

78
56
57

67 51,646
54 ; 48,519
82 49.574

|
1
1
!

!

!

1361
I 6
106

i
i

24
05
75

18

SURVEY OF CURRENT BUSINESS

February, 1932

Food I n d u s t r i e s
prices continued to decline
WHOLESALE foodwith the combined index recordduring December

was not great enough, however, to lower materially
the average monthly movement, and the first five
ing a loss of 3 per cent. The monthly average of whole- months of the 1931-32 crop year show a slightly
sale prices for the entire year was 18 per cent below 1930. higher total than the same period a year ago. Exports
December production in the food-processing indus- for December were considerably lower than for Decemtries, as shown by the Federal Reserve Board's monthly ber, 1930, due largely to a falling off in shipments to
index, decreased approximately 1 per cent after Japan and Hawaii.
adjustment for seasonal changes. The adjusted index
Wet process grindings of corn showed a marked
of employment for December, however, indicated a drop in December, indicating a contraction in industrial
slight increase. During 1931 output was 4 per cent utilization. This market for corn disposed of only
below the preceding year, and employment registered 4,600,000 bushels for the month compared with
5,200,000 bushels prepared in December, 1930, and
a decline of 7 per cent.
Marketing of animal products showed a marked gain a 5-year average of 5,900,000 bushels. Receipts
in December, and the index was 4 per cent above the continued small and despite the low aggregate grindsame month in 1930. The average for the preceding ings commercial stocks increased only moderately.
year was maintained during 1931, with a margin of gain Cash corn prices for December were slightly lower than
amounting to less than 1 per cent. Crop marketings in the preceding month, most of the decline occurring
declined seasonally in December and were below in the first week, followed by a period of limited
December, 1930. During 1931, the marketing of fluctuations. There is an ample supply this season
crops receded to a point 4 per cent below 1930, and as a result of good crops in the eastern and central
portions of the Corn Belt which more than counter13 per cent below 1929.
Marketing of milled rice during December was balance the poor crop in the western section.
below the usual figure for that month. The decline

i

Monthly
average,
p *SS ! 1923-1925=100
O
'-t j

£? w» ii

Millions of bushels

^
1921): December
1930: December

95
89

98. 7
90. 8

98.7
82.4

123.9 |
105.8 i

January
February
IV1 arch
April
May
June
July
August
September
October
. __
November
December Monthly average, January through December:
1929
.
1930
1931

93
92
87
96
91
83
88
88
89
93
90
89

91. 2
U0.3
8i) 9
90. 6
90.8
88.7
88. 1
88.1
87.5
85.5
85. 9
86. 3

80.7
78.0
77.6
76.3
73.8
73. 3
74.0
74.6
7° 7
73. 3
71.0
69.1

74. 3
66.8
64.4
53. 1
62.0
55.2
103.0
83. 9
119.3
219. 2
158. 8
98. 5

98
94
90

99. 6
94. 8
88.6

99.9
90. 5
74,6

110.5 ;
100.8 '<
98.5 1

1931:




!
!
!
i
!
i
!
!
i
;

93.0
97.8
94. 7
85.5
94.0
101. 2
108.7
118.0
J05.2
94. 3
91.5
96. 6
97. 5
191.6

23
22
1
i

:

i
'
i
•!

:
:
!

;
i

99.2 i
98.4 !
98.9 1
i

29
31
31
21
81
30
104
61
39
33
26
14
j
39 i
35 !
37 1
1

Millions of
bushels

I 24 !
73 i

1S2 j
196

12
6

197
202
207
200
198
191
218
243
239
231
230
221

6
4
5
7
10
12
17
12
12
15
13
12

75
76
67
47
51
56
58
69
60

150
169
215

13
12
10

1 18
92
64

31
27

10
17

19
21

18
20
22
20

'

Thousands

0.88 j! 1,555
.69 ! 1.736

!

95''
1,0 2
1,072
1,100
] , Oo2
1.014
940

Ijj ^
515
415

10
13

!
1
!

22
21
14

1"
12
13

.93
.82
.53

8
9
8
6

1,703 l' 3,675
1,681
3,398
1,635 j 3,295
!

"

170
312

12
11

!

i9

17
11
13
16
11
8
14

SM
aG
oo
^G""1
r<

602
737

;

:

-c. |

4,256
4,002

4, 652
.65 : 1, 50»
.61 i 1,303 3,701
.60
1, 535
3, 207
.58
1, f.17
3, 007
.56
1.551
2,938
.58
l.o 10 2,854
.57
T.4SS 2,511
1,821
2.454
.46
.42
.38
2, 137
3, 462
1,N>6
3 752
.43
.37
1,453
4,210

71 i

Coffee ina ports

1
Si

Thousands of
bags

> * 5

!K &

eLS

Total raw sugar imports

S

ft^i

Total meats, coldstorage, end of
month

2 1 Is

is -If ' f

*rt
ft
'3

Il'og receipts

I
s
•-.•
»Q

Cattle receipts

**

£!*
agr s
n '^ ^
P.«^

Price, No, 3 yellow,
Chicago

1
"£
a *
,*•+*

Animal products

M i l l i o n s of
pounds

!.§
3^4

Corn

Wheat

D o l l a r s per
bushel

>

Monthly
average,
1923-1925-100

1

Visible supply,
United States

Wholesale prices

Employment
adjusted

Year and month

Production
adjusted

F. ». B.

Crop marketings

Food products industry

D n l l a r s per Price, wtd. average,
D o i i q r i r . p r g markHs aii
bushel
^a(ieg

Aiiim?! products market*
ings

1
j

FOODSTUFFS STATISTICS

955
1, 098

506
520
731

382
413
532
3'JO
269
189
218

] , 094
1, 289
1,407
1,126
],415
1,037
1, 100
S84
7v4
907
936
1, 203

1,068
853
870

463
378
345

v?36
1,010
1,099

1

19

SURVEY OF CURRENT BUSINESS

February, 1932

Forest Products
registered at the end of 1931 a new low point for the
postwar period; the volume was 12 per cent less than
in December, 1930. For 1931, as a whole, marketings
were 9 per cent less than in 1930 and about 30 per cent
less than two years ago. Naval stores marketings
fell off seasonally in December, the general volume for
the year 1931 being 14 per cent below that of 1930,
which was slightly less than in 1929.
Southern pine production in December was just
half of that of a year ago. Production in 1931 represented a decline of 42 per cent from the output in
the previous year. As production was somewhat in
excess of new orders, which registered a new low in
December, unfilled orders declined and likewsei reached
a new low level. New orders during the year 1931
wrere 30 per cent below those of 1930, while unfilled
orders declined somewhat more, or about 41 per
cent.
Douglas fir production declined to a new low level
in December, and orders also fell off.
Car loadings of forest products, which usually decline seasonally in December, dropped to a new low
level in this month. Loadings for the year 1931
represented declines of 37 per cent and 54 per cent
from 1930 and 1929, respectively.

the lumber market
SEASONAL dullness prevailed in business was reladuring December. Industrial
tively active, but the slack retail trade brought new
low points to most of the statistical business indicators
of the industry.
For the year 1931, as a whole, lumber production
has been estimated at about 18,000,000,000 feet, as
compared with census figures of 26,000,000,000 for
1930 and 37,000,000,000 for 1929. Production, which
was maintained at about 37 per cent of capacity, was
exceeded in 1931 by both orders and shipments to the
extent of 8 and 10 per cent, respectively, with the
result that sawmill stocks on hand January 1 represented a reduction of 15 per cent from a year ago.
Lumber production, adjusted for seasonal variations,
remained in December on a par with the low level of the
previous month. Employment declined slightly more
than seasonally to the lowest level yet recorded, while
for the 3rear as a whole employment was 25 per cent
less than in 1930 and 41 per cent below 1929. Pay rolls
also fell off in December to a new low level, the average
for the year 1931 being 37 per cent below the 1930
average and down 54 per cent as compared with 1929.
Marketings of forest products, which usually show a
sharp seasonal decline in the month of December,

FOREST PRODUCTS
General operations
Lura;
ber i .j.
!
pro- j *j™- | roU
Pay

<iw«- \!,S,5St
tlon " i

Year and month

^Sjfccttn£

»
5- j store* !
' una ^- ' Pr< HI- i stores ,

A A !'»•*-»«
F.R.B.

i

i

' Na-»jl i

°"

Mow

M
?Q

S2 1
oo S

^2 7
10 1

49
11
50
49
"0
49
it
-rO
3^
3'
30
30

56
06
~>j
)')
55
"ii>2
51
49
48
7
i«>

-i4
r>
io
11
15
41
41
<U
40
3^
U
31

91
67
4?

8S 2
6° 3
52.3

!
!
i
j
i

'•
\

!

3
3
7
4
1
i
0
1
4
«.
4
7

0
6
2
9
7
6
7
3
3
2
t
3

Fro

126 r>
117 7

69 fi
5j 6
o1 5
~> 4 4
9 3
63 6
fi 6 7
67 2
G4 6 i
64 3
67 5
63 1 1
56 S
50,1

"

<|IIC
"
Uo0

UnNew filled
orders orders

Production

j
. i
|
I
|
i
j TT
'
New ! IJ^ 1
^^jo^j

Ij7

'
146 !

99

37 1
2) ",
39 7 i
93 3
136 5
1S9 9 ,
1 s6 7
lil 5
HI 9
114 0
97 2
90.4

10"
1 il
1'ji
161
14<s
127
122
120
117
117
111
?b

191
171
174
169
158
140
147
151
138
135
111
73

116
107
121
104
84
83
83
83
74
58
82
51

90 6 :!i 8 5 3 I 125 1 '•'•
65 7 '"
6 7.0
122.4 !:
41.5 ii 1.0
6
195.7 r
ii

\
226
132

I
:
i

;

;

i
i

'
210
147 i
i

FurnfCar- ture,
unload- filled
»«gs, orders,
forest
prod- southeastuct
ern
«
district

Thou- Dollars
sands of per
firm
cars

Millions of feet board measure

Data for May, August, October and December contain 5 weeks; other months, 4 we-




I *;sl~

1!

Hardwoods

i

;

!

i
I
I
'
I
i
j

Douglas or i

o-dJJ« : orderg
o*aers| fiUcd

Monthly average 1923-1925=100

!
1

Fr

duc
tion

i

i

1929: December
1930: Doc-ember _ . _
1931:
January
February...
"March
April. Mav
._
)UPO
Ju.lv
August . -.
September
October
November _ _
__
December
Monthly
average, January
through December:
1929
1030
1931 . ..
__

Southern pine

; To

: f01 v*t

STATISTICS

1

261
1G7

241
189

273
138

210
134

165 i
125

611
456

182
121

!

160
179
186
202
207
200
149
172
155
150
116
103

192
189
217
224
189
191
181
188
159
151
136
115

183
182
197
216
136
163
166
111 i
125 I
81 !

143
15S
165
146
143
143
109
101
105
105
105

169
188
173
154
158

156
'^1
473 '!
163
[3i '

156
138
138
130
165

139
131
131 '
131
131

402
375
387
371 '
370 i

105
138
104
123
87
71

322
238
165

324
237
178

318 i
204 '
148

300
202

2S6
170

612
5i6

!
!

!
;

i;
146 I!
86 ;
|l

105 ;

'
i
:
i
:

1/6 :

ni)

88 ;

11,400

125

31, 781
31,160
29, 798
28, 248
19, 338
56, 865
47, 997
47, 706
42, ISO
22, 100

271
197
134

35, 392

',
i

SURVEY OF CURRENT BUSINESS

20

February, 1932

REVISED INDEXES OF WHOLESALE PRICES 1
'Combined Building ChemiI index j materials cals and
drugs
i

Farm
products

HouseMetals
Fuel and Hides and furnish- i and metal Textile
leather
lighting products ing goods 1i products products

Foods

Miscellaneous

Number of quotations

YEAR AND MONTH
86

784

89

122

67

24

41

129

61

|

113

52

Relative to 1926
|

1926
January
February
March
April
M^ay
June
July
Au cr ust
September
-October
November
December
M^onthly average
January
February
-March
April
May
June
July
August
September
October
November
December
Monthly average.
1928
January
February
March
-April
May
June
July

i
i

103.2
102.0

!

100.6
100.3
100 5
100.4
99 5
99.1
99.7
99.4
98.4
97.9
100 0

j
J

'•
_ .- :
i

;

- -

;

94. 7

- . -.!

- . _ -'
:

._
--

94.1
94.2
94.1
94.3
','5. 2
9.'. 3
96. 6
96 3
96.4
95.4

93. 1
91.9
91.6
94. 7

96.4
95.8 '
95.5 i
96.6 ':
i
96.7 1
97.4 1
97.6

92.2
92. 2
92 0
92. 8

93. 5
94.4
94.7
94.9
94.9
95 2
95 8
95. 8
94 1

98. r

95.8
95.8
96 7
95.9
9x4
96. 1
9.) 5
91 7
95 2
y,

r}

'i1! 3

95.1
9-> 5
f/ o
9, }
9> .
90 2
90 0 1
!
^ S
S4. 4
84 o
8 4
83 0
81.3
79.6 1
8b. 4

78.2
76.8
76. 0
74.8
73.2
72. 1
72.0
72.1

98.0
98.0 i
97. 1 i
97.8 i
95. 6 i
96. 1 i
95.6 1
95.6 :i
96.6
97. 1 i
97.3

i
1!

!
1
'
70.3 i
70.2
68.6

95.5
95 9
96 7
96 3
95. 5
95. 2
95 1
95 2
95. 8
95. 9
94.4
94. 4
95. 4

96.8 j
90.2 ;
96. 1 i
95.8 I
95.9 1
95.5 i
95.0
94.8
95.0 !;
95.2
95 7 '
95 7
95.8 ;
95 6

102.6 |
100.6 ;
99.3
100.5 !
100. 1 !
100.5
98 7
97. 5 i
99.8 i
100.7
100.4 i
100.6 I
100 0 i

98.8
99.2
98.3
98.0
100.7
100.9
99.6
100.5
101.3
101. 1
102.2
99.4
100.0

103. 3
101.5
100.2
98.7
99.0
98.8
99.0
99. 6
98.8
100.9
100.3
100.3
100.0

101.1
101.0
100.9
100.7
100.3
100.2
100. 1
100.0
99.7
99.6
99.6
98.7
100.0

96. 5
95.4
94.2
94.3
96.3
96.5
97.6
102.3
105.9
105.0
104.3
104.4
99.4

101.5 !
100. 7 j
100.6 1
99.8 i
100.0 !
100.6 j
100 3
99.9 !
100.3 1
99.3 i
98.9 !1
99.0
100 0 1

98.3
97.2 !
96.5 i
96.5 i
96. 1 :
95.3
94.7 :
94.3

96.5
95.8

August
-September
October
November
i
December
Monthly average
1929
. __!
Januarv
i
Februarv
March
•
\pril
. ..'
Mav
June
Julv
A. u^ ust
S epte Tiber
October
._ ___'
November
December _. __
._ Monthly average
1930
January
February
March
April
Mav
June
July
i
August
!
September - i
October
November
i
December
Monthly average
:
1931
January
Februarv
March
April
_ . .. _ '
May. „„ June
July
August
_ _September
October
November. __ __
December
_._
Monthly aveiage.
1

101.3 i
100.9 !
100.5
99.8
99.2
99.1
99 4
100.0
100.0 1
100.0 1
100.5 i
99.9 I
100 0 |

!
107.4 j
105. 1
101.7 i
102.8 |
102.4 |
100.9 i
98 6 \
97.2 f!
99.3
97.9 i
94.7 i
94.9 i
100 0 i

97.1
96.1
94.7
94.9
95.3
94.8
94.3
94.5
96.6
100.0
101.4
100. 7
96.7

!

98.2
96.6
91. 4
86.8
85.9
86.2
86.2
86.0
86.3
86.0
85.0
84. 7
88.3

100. 9
100.1
100. 4
101.7
103.6
107. 1
111.4
111.5
112. 5
112.7
113.9
116.5
107.7

97.5
97.5
97.5
97.5
97.5
97. 7
97.4
97.5
97.5
97.3
97.6

j

'
i
!

;
!

i
!
i
i
i
i

106. 1 i
104.5 !
103. 5 1
107.6 ]
109.8
106.7 !
108. 5
106.9 1
108.8 S!
103 4 ;
101 6
103.6 j
105 9 l

100.9
98.8
98. 2
99. 7
101.2
100.3
102. 2
103.8
106. 5
102 1
100.0
98.1
101 0

82.8
83.0
82.7
82.8
83.5
83.9
84.5
85.8
86.4
86 1
85.8
85.3
84 3

120.7
123.8
123.7
126. 3
125. 8
123.3
123.8
120.6
120. 4
117.2
115.3
115.4
121.4

i
1
!
i

99.9
99. 7
99.5
99.2
98.7
99.3
100.3
100.7
100.9
100.8
100.7
100.4
100.0

!

i
i
;
i
i
1

97.6 :
97.5
96.5 :

96.4 '
95.9 :
95.5
95.5
94.8
94.7 j
94.8 |
94.8 !
94. 1
94.1
94.1
95. 1 '
93. 9
93.8
93.8 '
94. 0 '
94.0
94.6
94.3
94.3
94.3
94.7
94.6
94.7 '

104.9 :

113.4
108.9
108.2
107.8
106. 7
107.9
109.1
3 09. 5
110.6
110.3
108. 3
107.3
109. i

101. 0 ;
98 0
94.7 \
95. 8
93. 0
88.9
83.1 '
84.9
85. 3 '
82.5
79 3
75.2 i
88 3

97.3
95. 8
94. 3
94. 9
92.2
90. 8
86.8
87. 6
89. 5
88.8
86 2
82.4
90 5

81.7
80.9
79.4
79. 5
80. 3
78.9 1
78.0
77.9
79.0
77.6
"5 3
74.0
78 5

105. 1
103.9
103. 2
102.7
102.6
102.4
100.8
99.0
99. 2
96.6
94.2
91.4
100.0

93.8
93.6
93.5
93.5
93.5
93.4
93.1
92.9
92.3
92.1
91.5
88.8
92 7

84.5 !]
83.3
82 9 !
81.3 i
80.5 '
79 4 i
78 9
76.9
76 3
75. 6 i
76. 1 i
76. 1 i

73 1
70.1
70.6
70.1
67.1
65.4
64.9
63. 5
60 5
58.8
58.7
55. 7

80.7
78.0
77. 6
76.3
73.8
73.3
74.0
74.6
73. 7
73. 3
71.0
69. 1

73.3
72.5
68. 3
65. 4
65.3 1
62.9
62. 9
66. 5
67. 4
67.8
69.4
68. 3

88.7
88. 9
87.6

79.3

64.8

94. 3
94 0
93. 9
93. 5
92. 4
89.9 j
88.5
87.7
87.1
86.3
85 5
84.8
89 9

93. 0
92 3

83.8
82.5
82. 5
81.5
80.0
79. 3
78. 1
77. 6 i
77 0 i
76. 1
76. 2
75. 7

105 4
107. 2
104 9
102 2
103.3
107 6
107. 5
] U6. 6
104.0
101. 1

i
'
'
i
;
!
i

101.9 ;

91.4 :

91 2
90.2
89. 4 :
88.3 '

87.9 :
87. 2
86 7
86 0
85.6
89 1

•

:
i

;

!
i

i1
!

Ii
i

:
!
!
'i
|
i

87.6
88.0
89. 4
88.7
85.0
82. 5
81.6
79.8

86.1 !

94.4
94.4 '
94. 3
94.5
94. 4
94.7
94. 6
96. 0
98. 0
97. 7
96. 9
96. 6
95. 6

91. 7
vil.8
91.8
91.9

95.6
95.7 ;
95. 9 !
96. 0
96.1 :
96.4
96.3
97.5
97.6
98. 0
98.6
99. 6
97. 0

IS. 1
9h. 0
95. 5
95 6
95.8
9") 6
95 8

90. 1
* If 2

100.1
100.6 i
102. 3
1 02. 3
101.2

;

9_ "
9J 3
9J 4
9 ti
90 7
9' .. 1

1 01 . 0
100.5
100. 3
99.8
98.7
98. 5
100.5

V

1

84.2
8'' 9
82. 1
81 9
82. 5
84. 5
83 3
82. 2
82.7
83.1
83.2
83. 1
83.0 i

105 9 :

110.0
106 3
105.0
103. 5
102. 5
101.6
97 9
96. 9
90. 0
95. 7
(
'3. 1
92. 2
100 0

97.0
96.1
96. 1
95.9
96.4
96.2 !
95.8 '.
96. 1
95. 8
95.5
95.3
96.3
96. 3

98.9
9« 1
98.3
98 0
9S. 0
99. 1
102 9
103.5
1 03. 3
101.4
98. 9
98. 7
99. 9

95 f)
95 7
• 95 3
94 7
94 1
93. 4
93 3
93 G
93 7
94. 0
93 8 •
93.5
94.2 i

105.8
105.0
102.7
101.3 i
100.2
99.5
98.9
98.9
98.8
97. 7
96.4
95.4
100. 0

94.3 ;
1
i
j
i
i
i
i
i
'
i
:
\

88.3
88.1 :
88.0 •
87.9 i
86.8
86.4
85.7
84.9
82.7
81.0
80.9
78.5

;

<.)^

91. 3

i.'l.O
90. 7
•;,{} o
89. 5
90. 1

91.0

Xx (I

">7 7
x7 4
y
~> 0
v, ^

S_; 7

^ 7
*> 4
9
" 1. ^
_ 4
v <,
xj. b
N) 1
v ]. 2

89 8
89. 5
t*. 6
87 S
% 4

>-2. 4
fe\ 2

•> ' o

87 2

>K«

S' S
84 0
b3. 4
81.'
79.7
7*. 0
7*i. 2
74 7
7i p
73 7

X'! i
1 '
v,
i

71* 4
7i> t
7<> 1
-- o
74 7
-4.1
7> 5
77 7

80.3
71.3

i
i

;

i

;

;
i

70. 9
70.0
68.2
67.4
66. 6
66. 5

i

;

i
i!
.
i

65. 5 ;

64.5

63.0

^

x] J

^6. i

':

f]
9
x5

s." 4

9 h
( vu s,

:

(]

s, ,
xj
x>
^>
>2

Z.

94 9
95. 0
9," 0
9") 1
95 5

97.2
9G. 9
96.6
95. 3
93.5
91.9
90.8
89.6
89. 0 '
87. 9
87. 8
87.9
92. 1
86.9
86. 5
86.4
85.7
85. 0
84. 4
84. 3
83.9
83. 9
82.8
82.6
82.2
84.5

',:!. 8

62.2 :
60. 8 |

72 2
71.5
72.0
71.5
70.5
69. 7
69. 7
68.3
68. 2
66.6
68.7
fi''i. S

66.3

Compiled by the United States Department of Labor, Bureau of Labor Statistics, revising the previous index numbers, This new index is composed of monthly averages
ind<
weighted
of weekly quotations covering 784 price series, arranged in 10 groups. In computing this index the price of each commodity is weighted by multiplying it by the esimmiecl
being
average quantity marketed in the years 1927 to 1929, or 1927 and 1929 in the case of most manufactured commodities, the census data bei used for those years. The base
year has been taken as 1926 and the index of the enlarged number of items has not been carried back farther than 1926 at the present time. Details of the series are sho\vn.
monthly in press releases of the Department of Labor.




21

SURVEY OF CURRENT BUSINESS

February, 1932

WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-1925 = 100]
1933

1931

1932

1930

ITEM

ITEM

Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan.
16
24
18
9
17
10
25
23
26
18

1931

1930

1929

Jan. Jan. jJan. Jan. Jan. Jan. Jan. Jan. Jan. Jan.
23 16 1 9
17
10 25
18 26
19

I

* Composite index, N. Y.
Times
... _ .
"Composite index, Business
Week
Detroit employment
Production:
Beehive coke .- ... __
Bituminous coal (da.
av.)
Building (new awards)
t Electric current
Pel i oleum (da. av.)
SI eel ingots
L'ecoipts:
c ^t tie and calves
Cotton

1
Wholesale prices— Contd.
Fisher's index (1926=
100)—
65. 2 65.2 65.3 77. 4 77.9 78.3 93.7 93.2 97.8 97.4
Total (120)
Agricultural prod72.8 73.9 100.4 98.6 99.7 97.2
48.1 48.1 48.7
ucts (30)
Nonagricultural
68.4 68.5 68.2 79.0 79. 1 79.2 91. 3 91.5 97.1 98. 0
products (90)
Iron and steel, composite. 72. 5 72. 7 72. 4 76.6 76.6 76 5 85.4 86.0 87.6 87.5
Banking and finance:
Bank debits outside N.
77. 5 76. 5; 126. 4 98.3 99. 5 155. 3 121. 6 122.9 135.3 138. 8
Y. C. (da. av.)
90 2 90 I! 87 3 107.9 107. 4 107. 6 104.7 105. 1 107.3 107.3
Bond prices
Business failures (number)
210.1 191.9J181.fi S74.9 195. 6 227.8 158.2 156. 8 128.0 143. 2
Federal Reserve R. M.
banks —•
Loans and discounts. 103. 5 104. 3! 104. 6 126.7 127.4 128. 5 133.5 134.7 128. 5 129.3
Net demand deposits 95. 0 96. 4J 97.5 113.3 114. 8 114.4 108.8 11 0.0 110. 7 112.7
128 3 198 0:19!') 1 156. 4 155. 7 155. 3 152.5 151. 9 151. 9 151. 9
Ti f ii6 deposits
60.6 60.61 72.7 36. 4 36. 4 36. 4 109. 1 109. 1 145. 5 169. 7
Interests rates, call
i
85.7 87.nl 91.4 45. 7 57. 1 68. 6 108. 6 108. 6 177.1 177.1
Interests, rates, time
116. 0116. 31117. C 95. 2 96. 4 99.0 94. 4 95. 3 96.3 97. 2
Money in circulation
77. 3 79. 7 73. 3 156. 1 353.3 157.2 215. 6 213.0 245. 8 240.0
Stock prices.
..

63.0 63.1 64.1 78.1 78.2 78.0 96.6 94. 5 105.7 106.2
63 1 64 2 63.4 79.4 80.8 81.4 95.6 96.2 108. 9 110. 7
104 5
76.4
67.2
7.8

9.C 14.7 13.9 13. 9 28.6 29.4 44.5 46.9

62.5 67.4 67.8 86.5 90.0 89. 9 114.6 104.4 117.3 116. 4
63 4
96.2 97.2 102.8 103.1 102.9 109. 6 110.1 103.1 104.3
103. 8 105. 3 107. 2 101.3 100. 5 100. 1 125. 6 127.8 127.8 126. 9
36.8 34.2 32. {1 60. 5 59.2 52.6 97.4 90.8 111. 8 110.5
73.4 70. 9 73.4 74. 4 78.2 7Q 1 76.3
' «*• A
120. 4 146. 5 136.2 48. 2 72.7 55. 0 71.9
103. 5 109. 6 113.4 20.2 120.8 119. 7 125. 9
52. 7 47.3 41.4
81.9 78.3 40.5
58 6 58. 5 73! i 74.1 72.9 88.1

83.5 67.7 89.2
76.4 98.1 00 8
98. 1 111. 6 130. 7
51. 9 71.9 52. 9
86. 6 94. 7 95. 2

W heat
I M^tr'bution * Car loadings
Whole r- Is prices:
52.2 51.4 50. 7 71.0 71.0 71.0 129. 0 129. 0 121.7 120. 3
Copper, electrolytic
Cotton, middling, spot.. 24. 6 27.2 24. 3 39. 0 37.5 37.5 63.6 64.3 73. 9 75.0

:

Relative to a computed normal taken as 100.

t Relative to weekly average 1928-1930 for week shown.

WEEKLY BUSINESS STATISTICS
1932

1930

1931

;i

1929

1928

ITEM

Jan. 23

Jan. 16 I Jan 9

Jan. 18 i : Jan. 26

Jan. 25

Jan. 19 ',\ Jan. 28

Jan. 17

1,951 j

1,778

1,998

1,983 ;

j
1,714 |

1,647

1,826 ;

1,834

1,717

1,737 i

1, 560

1, 550

108 !
1,001 !
200 ;

104 •''
1,578 '
226 :>

2,541
260
221

3,074
506
258

367
1,500
232

257
1,427
148

725,212
862, 346 ; 847,155 '!
222,892 i 202,076 !;
176,087
45,275 i 46,990 :
32,284
41 138
38,670 : 37,500 , '
27' 226 .1 29,081 i 26,838 • '
232,980 232,072 "
206, 486
237, 075 ! 285,810 ;: 293,627
7,638
8,052 '
5,105
4,916 11
392,552 i 438,195 ' ,
65 0,003 ! 673,039
2,111 i
2,094 !
2,616 |
2,662 \\

926,474
222,294
59,320
47,960
26,840
240.951
320^43
8,566
278,213
2,663

931,861
227 980
~5S! 836
48, 165
32, 226
239, 170
317, 128
8, 356
323, 125
2, 644

\ 902.664
187, 143
66, 081
53,310
! 32, 726
i 244,635
310, 923
!
7, 846
i 403,792
2, 355

884, 683
178, 335
62, 692
48, 903
33, 474
243,219
309, 820
8,240
421,392
2, 381

PRODUCTION AND DISTIUBUTION

Bifj-uiiH/ds coal production (da. av.)__.thous. tons_.
Building contiacts (da. av., 37 States) thous. dolls.
Flectri'":! cunent output
mills, of kw. hours. _
Exports:
Corn
._. . thous. of bush,.
Wheat
thous. of bush-Wheat
flour
thous of bbls
Freight c;.rsLoadings, total
cars
Coal and coke
. .. ears_.
Foj^st products
cars
Grain and ?rain products
cars__
Livestock. ,
_.
___cars-_
Merchandise 1. c. 1
cars..
Misceilaneous
cars
Ore
cars
Net available surplus (da. av.)
cars
Petrojoirii pi eduction (da. av.)
thous. of bbls__
ReceiptsCattle t,nd calves (12 markets)
thousands.Cotton into sisrht
thous of bales
Wheat, primary markets
thous. of bush-Wool, total, Boston
thous. oflbs..
Steel-mKot production
per ct. of eapacity..

1,148

1,155

1,473

1,602

1, t'Ji)

1,713

1,533
10 174
1,717

20
2, 081
163

26
495
218

r

24
23
180

9
188
163

572,504 .,

2, 162

573 276
125 0«3
18 091
31, 004
21, 443
186, 627
188, 711
2 317
740 925
2,193

232
313
4,186
1, 490
28

224
38.1
3, 760
2,793
26

232 i
354
3,286 i
3,220
25 i

106.3
.072
.067
1.84
30.00
.54

106. 3
.071
.074
1.82
30.08
.53

106.3
.070
.066
1.87
29.96

4, 078
3, 592

4,055
3, 545

4.926

12, 860
80.73
855

S&O
115
131 S'32
16,831 '
°7 510
24,579 '
183,469 ,
184, 989

3,194 ;

2,234 ,

WriOLESALE PRICES

Chemical index
reL to 1924..
Copper ingots, electrolytic, New York... dolls. Ib...
Cotton, middling, spot, New Yoik
dolls, perlb..
Food index (Braiistreet's)
dolls, per l b _ .
Iron and ^ted composite _ _
dolls, per ton _
Wheat, No. 2, hard winter, Kansas City ...dolls. bu._
Bank, debits:
FINANCIAL
Now York City
mills, of dolls..
Outside New York Citv
mills, of dolls
Bond sales, New York Stock Exchange:
United States Government
thous. of dolls..
Average price 40 corporation bonds
dollars _ _
Business failures. ... _
number
Federal reserve banks:
Bills discounted
mills, of dolls..
Total reserves
mills, of dolls _ _
Federal reserve reporting member banks:
Total loans and discounts
mills, of dolls
Total investments
mills, of dolls..
''Other" loans
mills, of dolls..
Net-demand deposits
mills, of dolls..
Time deposits ..
mills, of dolls
Sterling exchange, rate quoted (da. av.)
dollars..
Interest rates on brokers' loan-:
Time money, New York
.
percent-Call money, New York
per cent..
MoiM'y in circulation (da. av.)
mills, of dolls...
Stocks Nvw York Exchange:
Avenge Ki'ice 50 stocks
dollars..
Sales
_
thous. of shares __
Stock prlr-s. weighted:
Industrials, rails, and utilities (404) ..rcl. to 1926..
All industrials f.337)
rel. to 1926
All railroads (33)
. rel. to 1926
All utilities (34)
rel. to 1926 .




Jan. 21

Ja n. 24

:

71 5,6:JO
16 5,052
3 1,196
30 5^2
24, 888
20 8, 203
238, 724

235
128
6,810
931
46

I
!
!
|
I

247
189 1
6,506
2.0^3 '
'45

241 i
187
3,216 [
1,970 1
74 !

264 :
198
4,124
2,990 :•;•
69 ;

214
255
5,713
5,507
85

282
236
4, 199 !
3, 485
84 j

254
174
5, 945
1,255
83

274
177
6,178
3,173
77

i06. 5
.098
.106
2.42
31.73
.69

1
i

106.7
.098
. 102
2.42
31.73
.71

111.5
.178
.173
3.09
35.36
1. 18

!
1
;

311. 5 :<
.178
.175 :
3.05 ,
35.60
1.18 ;'

108.3
.168
.201
3.40
36.25
1.19

108.3
.166
.204
3.37
36.23 i
1.14 j

112.3
.139
.184
3.34
35. 45
1.32

112.3
. 133
.193
3.34
35.33
1.34

!
:
!

I
i
|
I
i

:

!
:

4, 887

5,034 !
4,560 :

5,256 !
4,611 !

7,096 :
5,637 ;

7,520
5,699 ;

11,856
6,273

12, 599
6,439 i

7,873
5, 337

8,519
5,922

24, 446
80.71
781

8.021 <
78. 17
739

1,797 !
96.61 '
712 i

1,674 1
96.22
796

1,095 :
93.80
644

1,635
94.13
638 '

3,260
96.05
521

2, 519 i
96. 08
583

5, 595
99. 35
646

2, 700
99.33
606

819
3,196

818
3,188

818 i
3,159

230 i
3,254 1

!
243
3,231 !

443
3, 172

442 1
3, 155 :

782
2, 814

822 ;
2,793 i

385
2, 988

412
2,976

12, 935
7, 117
7,303
11,476
5,818
3.45

13,031
7, 256
7,371
11, 643
5, 843
3.44

13,077
7,302
7,390
11,781
5,854 • ;
3.38 !i

j

15,922 !
6,743
8,400 !
13, %2 1
7, 059
4.85

16, 707
5, 549
8,974
13,135
6,915
4.87

15, 232
6, 116
8, 559
13, 749
6, 587
4,87

15, 372
6,075
8,630
13, 924
6,560
4.88

3.75
2.50
5,632

3. S3
2. 50
5, 646

4.00
3.00
5,680

2.00 !
1.50 ;
1,621

2.50 '
1.50
4,683

75. 03
7, 323

77. 36
10, 246

71.17
10,072

1 51.59 i
), 707 !

59.6
55. 8
38. 6
96.3

60. 4
56.7
38. 2

55. 5
52.2
42.2
91.8

111.3 ;
102.3 :i
100.6
Ifil.Q

97.9

:

15,839
6,764
3.414
1 3,689
7, 090
4.85

!
;
;
I

148.84
8,387
111.5
102.8
99.0 |
162 3

1
:
i
:
1
|

4.75 i
4. 50 ;
4,586 ;

16, 858
5, 554
9,005
13,392
6,853
4.87

4.75
4, 50
4,629 <

16, 060
6, 071
8,696
13,366
6,885
4.85

16, 186
6.077
8, 727
13, 611
6, 8s5
4.85

7.75
6. 00
4,677

7.75
7.00
4,722

4.38
3.75
4, 690

4.50
4.00
4, 729

233. 12
23, 567

181. 10
11,794

178.43
10, 255

13 i. 9
137. 8
121.6
131.5

133.7
136. 5
124. 5
129. 2

209. 40
14,468 j

206. 89
13,020

238. 71
27,436

160.8 !
153.6 ;;
138.7
213. 7 !

156.9
149.2
137.9
209 1

186.1
193.5
141.4
194.4

183. 4 !
190. 9
140.9 ,
18^.9

;

22

SURVEY OF CURRENT BUSINESS

February, 1932

Monthly Business Statistics
The following table contains a summary of the monthly figures designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the 1931
Annual Supplement to the Survey of Current Business, in which monthly figures for the past seven years may
be found, together with explanations as to the sources and basis for the figures quoted. The figures given below
should always be read in connection with these explanations. For later data, which have become available
since these data were compiled, see recent Weekly Supplements to the Survey.
CONTENTS
Page

Page

Industrial indexes
_„_
Wholesale prices
Commodity groups:
Automobiles.
Chemicals and allied products
Foodstuffs _ _ „
Forest products
v Leather and leather products
Iron and steelMachinery
„_„„__
Nonferrous metals
Paper and paper products
Printing
_..~

22
23

.
_._..
.

.

Earlier data for items shown here may
be found in the 1931 Annual Supple- Decemment to the Survey
ber
INDUSTRIAL

25
26
28
32
„ 33
34
36
37
38
40

.

-

Commodity groups—Continued.
Rubber and rubber products
Stone, clay, and glass
Textiles
..
..
.
Tobacco
_„
.
Miscellaneous
.
Fuels...
.
...........
Distribution movement
.
Foreign trade
Employment and wages
Construction
...
...
._
Public utilities..........
.
Finance...
.
.
_~

„_

40
41
42
44
44
44
___
45
47
48
.. 50
50
~ - 52

1931
N

°beerm" October | Se^m' AugUFt 1

July

1930
June

May

F

April | March =

^™' . January

December

PRODUCTION

Federal Reserve Board
Total, unadjusted
rel, to 1923-25..
Tota1 adjusted
rel to 1923-25
Manufactures, total unadjusted rel. to 1923-25..
Manufactures, total ad justed.. rel. to 1923-25..
Automobiles
- rel to J923-25__
Cement
rel to 1923-25
Food products
rel. to 1923-25 _
Iron and steel
rel to 1993~25
Leather and shoes
rel. to l923-25_.
Lumber
rel. to 1923-25 Nonferrous metals
rel . to 1 923-25. Paper and printing
rel to 1923-25
Petroleum refining
rel to 1923-25
Polished plate glass
rel. to 1923-25..
Auto tires and tubes
rel to i9'-)H f ^5
Textiles
. — .rel. to 1923-25...
Tobacco manufactures
rel, to 1923-25..
Minerals, total unadjusted
rel. to 1923-25..
Minerals, total adjusted
._rel. to 1923-25..
Anthracite
rel to 19''3-25
Bituminous coal.,---rel. to 1 923-25. Copper
...rel. to 1923-25., .
Crude petroleum
_..re!. to 1923-25, _
Iron-ore shipments
.rel. to 1 923-25.,
Lead
rel to 1 923-25
Silver
.rel. to 1923-25..
Zinc
rel. to 1923-25..

67
71
65
69
64
§938
85
30

60

2 79 :

72
2 71
2

70
36

2

2

64
90

4a

30
62
166
43

2 t.r;
84
114
110
79
282
83
284 '
66
71
G4
67
- - - - """2*122*:""

--48
46

11
61 :
2 42 :

75
73
72
71
26

73
01
43
82
65
99

79
52 '•
289
289
51
104
40
2
65
105
165
72

40
283
1-f^
46
97
38
65
104
161

53
93
112
89
85
01

71

"lie
42
40
47

100

(

H8
S2
77
65
70
60
102
51
2
65
40
49

i
i
:

'
i

!

!
:

I
:

90 :
100 ;

118 !
82
79
til

TO
59
107 !
59 ;
266 ,
244
49

80
S3
79 :
83
61
295
88
59
101
44
65
109
162
91
112
102
122
85
84
57
74

m

122
55
62
42
49

83 |
84 !
82 !
84 !
65 i
298 !
83 ;
64 i
2 LOO i
49 !
68 i
2109 ;

161 ;;
91

12fi i
97 !
133
85
85
66
74
67
122
46
258
48
54

89 ;;

89
90
89
2
78
96
93
72 :
107 <
50
73
113 '
163
112
123 ,
101
137
84
86
71
75
68
122
27
75
51
54

90
89
91
89
77
90
96
75
102
49
73
110
161
117
107
93
134

;

83
92
84 '•
77
69
121
0
2 CO
54 ;
61

78
82
76
80
85
83
89
59
81
50
85
2 98
149
65
73
87
128
89
94
93
85
76
111
0
289
71
68

87
86
88
85
68
80
92

91
87
67
2
82
87
78 •
92 :
50
«76
110
152
119
98
97
131
82
87

79
U10

149
11!
S4
93
(32
84

76
70
112
0
2 70
63
65

110
0 i
79
261
65
2

Industrial Consumption of Electrical
Energy
Consumption by geographic seetio
United States
_ rel. to
New England..
r e l . to
North Centra]
re). to
Middle Atlantic
.....rel. to
Southern
rel. to
Western
,___
...re!. to
Consumption by industries:
All industry.-.
rel.
Automobiles, including
repair parts
I
rel.
Electrical apparatus and
equipment
rel.
Food and kindred products rel.
Leather and its products,_.rel.
Lumber and its products._rel.
Metals group
..rel,
Metal-work ing plants__rel,
Rolling mills and
steel plants._
rel.
Paper and pulp
_rel.
Rubber and it? products...rcl.
Shipbuilding
__ __rel.
Stone, clay, and glass rel.
Textiles...,
..rel.
1
Revised.



1923-25..
1923-25..
1923-25—!
1923-25.. I
1923-25.J
1923-25._!

100.4 :
97.0 j
92.6 |

104.0 !
113.8 j
102.3 I
100.4

97,3
89.9
90.0
99.5
112.8
108.8

i
I
'
!
I

97.9
100.0
92.1
95.7
117.5
96.8

101. 7
98.4
102.7
91.5
114,3
106.4

109.8
104.4
109.2
101.3
118.2
119.1

106,4
109.4
105.0
97.6
108.6 ;
114.0 !

130.6 i
120.0 |

108. 2
105. 8
105. 7
102.8
117. 5
115. 7

97.6
90.2 !
100.2 !
96.6
105.8 i
111.0

09.1
86. 3
99.0
97.5
11 o.4
99.9

110.3 i

97.6 !

99.1

67.5 ,

71.5

73.3
102. 3
97.8
110. 2
117.0
84.3
99.0
100. 6
89.8

110.3
105.5
109.0
108.0
j

!
!
i
i

97.3 j

97.9

101. 7

109.8

106.4 ;

108.2 I

43.6 |

55, 9

71.3

89.7

90.8

94.1

129. 8 i
142.0 !

128. 0 \
146.4 i
79.4 i
75,0 i
73.3 i

1?>0. 8
136.2
85.4
86.3
81.5
78, 6

132.0
126.8
81.0
97.2
88.5
94. Q

136.7
122.0
83.9
91.5
99.5
94.6

;
!
I
i
!l

124. 3
116.8
71.2
93.2
112.2
103. 5

149.0 :
112.9 j

82.2 i
76.2 !
75.0 |

130.1
147.0
83.8
76.9
74.5
69. 3

84.2 !
114. G i
112.3 |

144.7
118.3 ;
71.6 !
82.6
97.4
95.0 ;

83.1
194.0
97.4
82.0
104.8
98,2

86.6
112. 4
121. 0
84.8
118. 7
100. 5

106. 8
135.1
122.3
89.7
132.0
103,7

108.1 <
109.6 i
109.0
92.5
116.5
100.0 S

119.4
123. C
109. 8
98.3
105.1
97.3

116.5
127.0
122.0
114,8
102.6
99.3

103.4 i
111.8
106.5
113,9
75.3 ;
86.4 i

81.9;

78.3
138.3
88.0
88.9
113.9
98.7

77.1 ;

!
!
j

78.0 ;
121.7 i
98.5 !

!
I

85.6 ;
105.9
95.0 i

76.1

i

I
I
!
!
i
i

SURVEY OF CURRENT BUSINESS

February, 1932

23

MONTHLY BUSINESS STATISTICS—Continued
1931

Earlier data for items shown here may
be found in the 1931 Annual Supplemeat to the Survey

T> ,

\^~ November

1930
1

October

S

»! A u g u s t ;

July

47. 8 |
45. 5 .
141.6 : M37. 0
106.7 i
111.5 ;
166.8 1
155.3

48. 1
133.5
1J5 4
146.5

Febru- January
ary

December

May

April

52.9
US9.0
118.0
154. 2
2
56. 7

60.4
* 143. 5
118.4
161.7
60.5

58.2
150.4
118.8
173.2
61.8

49.8
152. 9
119.0
177.4
61.0

51.2
1*6.0
118 8
182.8
61.8

48.7
163.3
120.1
194.5
61.8

95.5

86.9
80.7
82. 8
89,1
83. f>
95. 9

88.2
82.0
84.9
90. 6
84.1
96.8

89.1
83.2
SO. 5
92 £
84.6
W 8

89.fi
84.4
86 9
92.7
Hfi 3
96.9

91. 1
84.6
90. 9
92.9
85.9
97.2

92.6
86.6
93.9
92.9
86.7
97.4

June

March

STOCKS AND ORDERS
New orders, total
Stocks, total
Manufactured goods.
Raw materials
.
Unfilled orders to f al

rel. to 1923-25
38.9
rel. to 1923-25 I 166 2 29 169. 4
rel. to 1923-25. J
lOfl. 4 - 105.0
rel. to 1923-25 i 209. 5 2 215. 9
rel to 1923— ****
42 0

44.3
2160.2
2103.2
2 201. 3

2

56.0
133.6
116. 7
14o. 7

COST OF LIVING
All groups
Clothing
Food
Fuel and light
Housing
Sundries

.

-

rel. to 1923
...rel. to 1923.. i
rel. to 1923. J,
rel to 1923
-__rel. to 1923..
rel. to 1923..

83 1
73.8
78. 2
(
)0 3
78. 5
94. 2

83.9
74.2
79.9
90.5
79.3
94.3

84.9
75.4
81.5
90. 5
80.3
94.6

85.6
78.5
81.7
90. 1
80.7
95.4

70.2
58.7
71.0

70.3
58. 8
73.3

71. 2 i
60.5 !
73.7 1

72. 1 ,
63.5
74.6

72. 0
64.9 i
74.0 \

72. 1
65. 4
73.3 !

73.2
67.1
73.8

74.8
70.1
76. 3

76.0
70.6
77.6

76.8
70.1
78.0

78.2
73.1
80.7

79.6
75.2
82.4

76.2
76.1 I
69.4

76.1
75.6
67.8

77. 0 j
76.3 i
67.4 j

77. 6 !
76.9 :
66.5

78. 1 i
78.9 i
62.9 1

79.3 '
79.4
62. 9

80.0
80.5
65.3

81.5
81.3
65.4

82.5
82.9
68.3

82.5
83.3
72.5

83.8
84.5
73.3

84.8
85.6
74.0

81.6

82.5

85. 0 i

88. 7

SO. 4

88.0

87.6

87.5

87.6

86.9

88.7

91.4

80. 9
82.6
62.2 1
68.7 j

81.0
82.8
63.0
60.6

82.7
83.9
64. 5
68. 2

j
j
i
|

84.9
83.9
65. o
68. 3

85.7
SJ.3
66. 5
09. 7

86.4
84.4
60. 6
69.7

86.8
85. 0
67. 4
70.5

87.9
85.7
68.2
71.5

88.0
86.4
70.0
72.0

88.1
86.5
70.9
71.5

88.3
86.9
71.3
72.2

88.8
87.9
73.7
73.5

71.8
73.2
62.0 i

71.4
73.7
61.5

72.0 1
74.0 !
62. 7 |

72.3
74.6
64. 1 .

71.8
74.0 i
64. 3

71.9
74. 0
64.7

73.2
75.1
66. 5

£1
6*. 3

75. 6
78.4
69.4

77 1
79.3
7V. 6

77.8
80.5
72.9

79.0
81.9
74.2

64. 4
01. 2
7-1. 4

64.7
62. 6
74.4

66.3 !
64. 2 I
72.3 |

68.3
65. 7
75.1

0^.6
C8 0
77.2

6S 5
67.9
77.7

68,9
66.9
77,3

71.1
69.0
79.2

72,2
71.4
80.9

72.. 3
71.0
81.4

73. 4
72.0
82.7

74.3
73.6
84.7

•
!
;•
i
!
1

85.9
7S. 6
81.9
89 6
81.5
95.5

85.9
78.6
81.5
H9 3
82.0
05.8

85.9
79,9 i
81.0 :
89.1 !
:

82.6

PRICE INDEXES
Department of Labor Indexes:
i
Combined index (784)
rel. to 1926.J
68.6
Farm products
_re1.to!926 i
55.7
Food (122)
rel. to 1926__![
69. 1
Industrial group commodities —
Building materials (86) - -.rel. to 1926— j
75. 7
Chemicals and drugs (89) .rel. to 1926—!
76. 1
Fuel and lighting (24)
rel. to 1926- J
68. 3
Hides and leather products (41)
I
rel. to 1926- j 79.8
House furnishing goods (60
i
rel to 1926 1
78 5
Metal and metal products, rel. to 1926. 82. 2
Textile products (113)
rel . to 1926. - !
60. 8
Miscellaneous (52)
rel. to 1926—
66. 8
All except farm ami food
products (384)*.,
.rel. to 1920..
70.4
Finished products (380)*.. re] . to 1926..
71.0
Raw materials (108)*....
rel. to 1928...
60.2
Semimanufactured articles (62)*
_._
„ ' re!, to 1926 i
62 2
Bradstreet's Index
re"! to 1926
59 8
Dun's Index.
.
reS to 1926 j
74 ti
WHOLESALE PRICES

'.

i

Acstate of lime
dolls per ewt i
2 00
Aluminum No. 1, Virgin 98-99,
New York
.dolls, per lb..i .2290
Aluminum, scrap cast, New York-dolls per lb_. i . 0040
Barley, No. 2, Minneapolis
...dolls, per bu_. !
.51
Brass sheets, mill
...
—dolls, per ib.J
. 130
Brick, common, red, New York
\
.
....dolls, per thons..; 9.750
Butter, common, New York.
dolls, per ]b_J
. :u
Cement, Portland (composite)., dolls, per !b— ;i 1. 310
Cheese, American whole milk, New York
....dolls, per Ib.J
. 11
Chemicals, .
„
. _ „ . _ rel. to 1927,.
v;,
Coffee. Rio, No. 7, Brazil prades.dolls. per i b - j
. 0:0
Copper ingots, electrolytic..... ..dolls, per lb._
. 0 .&
Coal:
Anthracite—
I
Ketail, composite-dolls, per short ton . . | i i. 07
Wholesale, composite
...dolls, per short ton.. i 13. 100
Bituminous-Mine average (spot)
i
dolls per short ton !
Prepared sizes (composite)
j
dolls, per net ton 'i 3 953
Retail, composite dolls, per short too '
8 19
Wholesale, composite
j
.'..
dolls, per short ton..! 3.701
Coke, furnace, Cormeilsville
{
_ _
dolls, per short ton •
2 34
Cocoa, spot, Accra, New York. .dolls. p e r l b _ _ i .0425
Cora:
1
No. 3, yellow, Chicago
dolls, per bn !
.37
No, 3, Kansas City
-dolls, per bu._
.317
No, 3, white, Chicago
dolls, per hn i
.38
Cotton:
To producer____
_ dolls per Ib !
055
In New York, middling. . . dolls, per Ib.J
..
. 003
Cottonseed oil, refined, yellow,
"i
prime, New York..
dolls, per lb_.j
. 042
Cotton goods:
j
Print cloth 64 x 60......
dolls, per yd..!
. 034
Sheeting, brown,..,
..dolls, per yd_.l
.044
Cotton goods (Fairchild) .rel, to 1911-1913.. i
85
Cotton yarns:
j
22/1 cones, Boston
.dolls, per lb..j
.181
40/15 southern spinning
dolls, per Ib.J
. 295
Drags and Pharmaceuticals
.....
.
....rel. to Aug., 1914..!
157
Drags, crude
„.
rel. to Aug.. 1914— !
116
Essential oils
rel. to Aug., 1914— |
59
Fiaxseed, No. 1, Minneapolis.dolls. per bu__ 1 1.43
Flour, see under wheat
flour.
1
Food, wholesale, see under individual items. J
Food, retail (Dept. of Labor) rel. to 1913 ' 111 3
Hides:
J
Green salted, packers'
heavy native steers.., .
.dolls, per Ib.J
. 078 !
Calfskins, country, No. 1.. ..dolls, per lb..|
.078 j




i

2.00

2.00

2.00

2.00

2.00

?. 00

2. 00

2.00

2. CO

2, 00

2. 00

2.00

. 2290
.0388
.51
.130

. 2290
. 0303
. "-J
.130

.2290 |
.0400 j,
.50
.152 .

.2230
.0400 ,
.45
.154

.22^*0
.0424
.42
.157

. 2290
.0438
,39
.158

, 2290
. 0438
.45
. 165

,2290
,0488
.48
.172

.2290
, 04SS
.44
.174

. 2290
, 0517
.44
.171

. 2290
. 0525
.44
.173

. 2290
.0601
.47
.178

10. 00

10.00
.?4
I. 318

10.00
,33
1.331 j

10.00
.28
1.331

10.00
.25
1.331

10. 00
.23
1. 364

10. 25
.24
1.399

10.25 1
.26 !
1.422 !

10.00
.29 i
1.477

10. 00
.28 i
1.543 |

10.00
.29
1. 578

9.50
.32
1. 580

.17
86
.058
.0690

.16
8fi
.050 :.
.0729

.15
88
.063
.0770

.14
88
.068
. 0803

.14
89
.001
. 0867

.15
90
.053
.0939

.16
90
, 056
. 0985

.16 i
89
.064
.0972 !

.068
. 0984

•$,

.18
93
.070
. 1030

i. o?0

. in

N,

.0 :
. 0(MU

86
.0'8
. OC78

I- L I'M

11 &7

13.083

1...C33

!
!
•
;

14.93 I

j
;•
i
|

14,73

14.59

14.31

14. 19

14.39

14. 85

12.796

13.0S3

12.614

12. 413

12. 270

12.202

12. 608

1.4.85 |
12.732

14. 88

14.89

12. 732

12. 751

1 c8

1.56

1.60

1,64

1.00

1.77

1. 77

1. 77

3.954 ,
8 2?

1 62
1
3.954 !
8.17 l

1 F>%

3. 962
8. 23

3.907
8.11

3.85(5
8.09

3.816
8.00

3. 338
8.04

3.845 i
8.46 |

3.999
8.7,

4.223
8.83

4. 270
8,87

4.317
8.94

3. 705

3.703 ;

3.705

3.704 '.

3. 7G6

3. 692

3.723

3.760

3.791

3. 814

3, 829

3. 898

2.38
. Oi94

2.45 .
.0475

2.45 i
.0463 '

2.45
.0525

2.45
.0581

2. 45
. 0563

2.48
.0494

2.50
.0535

2. 50
. 0550

2. 55
.0019

2. 55
. 0675

.43
.46
.43

!

,42 ;
,46
.44 !

.57
.53
.58

.58

;*Q

.56 i
.52
.56

.58 i
.53 i
.58 I

,60
.54 !
.60

2.53 ;
.0563 i
i
.61
,54
,63

.65
.59
. 68

.69
.66
.73

.085
,093

.077
.090

,088 ;
.093 i

.093
.102 ]

.096 !
.109 ;

.091
.110

. 08(5
. 102

.087
.101

,38
.40
.39 |

.46 :
.45
.49

.001
.005

.053

.047

.045 I

.044

.059

.069

. 008

,069 !

.076

.076 |

.073

. 073

.072

.030
.047
87

.038 •
.046
91

.041 ;
.050 !
95 !

.043
.052
100

.049
.056
111

.048
.054
112

.050 1

,058 ;
115

,053 I
.059 I
119 !

,055 I
.059 '
121 1

. 053
.065
119

. 052
. 062
120

.053
. 065
122

. 1 92
.312

.189
.315

.201 i
.326 i

.212
.336

.225
.352

,215
.352

.223 :
.353 i

.231 i
.369 !

.240 j
.382 ;

.239 !
.390 |

.248
. 390

.247
.390

157
118 •
65
1.32 ;

157 :
118 :
70 !
1.37 i

157 ;
11.8
70
1.41

157
118
77
1.64

157
128
77
1.48

157 ;

160
131
82
1.5?

175
131 i
80
L n6

175
133
81
1,57

175
137
85
1.61

127.0 !

132. 8

137.2

.073
.117

. 095
.125

.107
.144

1.57
117
61

.064

;

110.7

119.1 1

.082
. OS.J

,077 ;
.083 i

.059 i
.065 I

119.4

.090
, 09»

.003
.072

;

119.7

119.0

113,3

;

.113
.129

.120
, 139

.100
.129

* New index based on 784 commodities not available.

130
79 ;
1.55

121.0

.085 i
.129 !

\
!
i
;

124.0

.092
.135 l

3 Revised.

174
130

81 ;

1,58 ;
12G.4

.090
.128 !

24

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
1931

Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem~H October Se
ment to the Survey
ber

bT1

1930
[

Augusl

July

June

WHOLESALE PRICES-Contiaued
Iron, raw:
Basic (valley furnace) .dolls, per long ton-- 15.00
15.82
Composite pig iron
dolls, per long ton._
Foundry No. 2,
northern
dolls, per long ton _
17.46
Lard, prime contract, New
York...
dolls, per lb_.
.060
Lead, pig, desilverized, New
York
_.
dolls, per lb.. . 0379
Leather, composite, wholesale
price
rel. to 1926__
Leather, sole and belting, oak,
.32
and scoured backs..
dolls, per lb._
Leather, upper, composite, chrome,
.320
calf black, "B" grade
dolls, per sq, ft..
Leather, hides (see under hides).
Leather, shoes (see under shoes) .
.071
Linseed oil, New York,..,
dolls, per lb_.
Lumber:
Douglas fir, No, 1,
common.,..dolls, per M ft. b. m_. 11.09
Douglas fir, flooring, 1 x 4, U B "
and better (V, G. Washington)
dolls, per M ft. b. m._ 23.51 |
Southern yellow
pine
...dolls, per M ft. b. m._ 26. 31 !
Meats:
Beef, fresh, carcass, good
.157 !
native steers, Chicago. ....dolls, per lb_.
Beef, fresh, carcass, steers,
.172
New York.
_dolls. perlb_.
i
Cattle, corn-fed, Chicago-dolls, per 100 Ibs . . 9. 344
4.22
Hogs, heavy, Chicago-dolls, per 100 Ibs.. j
2.00
Sheep, ewes' Chicago
dolls, per cwt._ i
4.89 |
Sheep, lambs, Chicago
dolls, per lb_.
Pork, hams, smoked, Chicago
dolls, per lb._
. 153
Western dressed steers, New York
.172 '
_,
dolls, perlb., j
Methanol:
. 35 !
Ref<ned
dolls, per gaL. i
4.75 s
Milk, condensed, New York. .dolls, per case..
3.00 j
Milk, evaporated
dolls, per case.,.
!
Nonferrous metals.. .,_„._.
.rel. to 1920..
Oats:
.25 :
No. 3, white, Chicago..
dolls, per bu_.
49 :
Oils and fats
.
___.rel. to 1927..
Oleomargarine, standard, uncolored,
.134
Chicago
..dolls, per lb._
Paper, newsprint, rolls, destination,
New York
dolls, per short ton.. 50. 500
Petroleum:
.710
Crude, Kansas-Oklahoma-dolls, per bbL.
Gas and fuel oils, Oklahoma 24-26,
refineries
dolls per bbl
Gasoline, New York
dolls, per gaL_
.128
Kerosene, 150° water white-dolls, per gal..,)
. 044
Lubricating oil cylinder dolls DQr gal '
i
Pig iron, foundry No, 2,
Pittsburgh _
.dolls, per long ton. „! 17. 46
.457
Potatoes
dolls, perbu..
Rayon, 150 denier "A" grade,
New York
dolls, per lb_
3! 61
Rosin, gum, New York
dols. per bbl._
Rubber, crude, smoked sheets,
. 046 !
New York
dolls, per Ib i
.45
Rye, No. 2, Minneapolis
dolls, per bu~
2.00 i
Sheep, ewes, Chicago
dolls, per 100 Ibs..
Sheep, lambs. Chicago
doll, per 100 IDS. !. 4.89 ;
Shoes, men's black calf blucher,
Boston .
dolls, per pair.. 1 6.311 ;
Shoes, men's dress welt, tan calf,
4.35 ;
oxford, St. Louis
dolls, per pair..
Shoes, women's black kid,
McKay sewed
dolls, per pair . 3.000 I
Silk, raw, Japanese, 13-15, New
1.970 !
York
dolls, per lb_.
!
Silk goods, composite
dolls, per yd.
Steel beams, mill, Pittsburgh.dolls. per cwt- j ~ ~ ~ " I . ~ 6 5 I
Steel, crude:
Composite, finished steel
2. 16 !
.dolls, per 100 Ibs j
Iron and steel, composite
dolls, per long ton- ! 30. 32
Steel billets, Bessemer.dolls. per long ton. J 2o.bO
Steel scrap, Chicago__c!olls. per gross ton. .' 7.800
1.09
Structural steel beams. dolls, per 100 Ibs.J
M. 7
Structural steel beams
rel. to 1928- .1
Sulphuric acid
.dolls, per ton- .! . 15.50
Sugar:
100
Retail average, 51 cities
...rei. to 1913.
.051 ;
Retail granulated, New 1? ork.dolls. per lb.
Wholesale. 96° centrif., New
.032
York
-.
dolls per Ib !
Wholesale, granulated, New
i
York
dolls, perlb..; .042 '
Tea, Formosa flue, New York__dolls. uerlb._!
.217 ;
Textiles, general
rel. to 1928.. j
60.8 :
Tin, wholesale, straits,
i
New York
..dolls, perlb..[ .2135 :
2

Revised.




May

April

F

March

^

January December

I

15.00 i
16. 02 i

15.25
16. 23

15.50 !
16.32 j

15.50
16.38

15.50
16.38

15. 50
16. 40

16. 25
16. 64

16. 50 I
16.75

16. 50 !
16.72 i

IS. 75
16.82

17,00
16.94

17.00
17.01

17. 76

18. 39

18.76 |

18.76

18.76

18.76 !

18.76

18. 76 !

18. 26

18. 51

18.76

18.76

.071

.080

.075 !

,075

.082

.083 :

.082

.090 ;

.094

.085

.090

.100

.0394

.0396

.0440 ;

.0440

.0440

.0382

.0441 :

.0453 i

.0455

. 0480

. 0510

78.8 '

80.7

83.4

90.3

89.8

87. 8 :

88. 1

88.4 i

88.4

89.0

90.8

91.5

. 32 1

.35

.40

.37

.37

. 37

.37

.37

.37

.38

.40

.323 1

.330

.337

.348

.350

.352

.356

.356

.352

.354

.359

.075 i

.073

.076

.083

.091

.086 ^

.088

.092 ,

.095 ;

.092

.088

.092

12.82

12.99

.39 \

.0392

:

;

25.48

;
!
!

28.33

29. 74

31. 14

31. 65

31.33

31. 73

28. 15 '.
>

28. 82

28.32

29.66

28.42

30.73

32. 51

.195

.195

. 205
10. 00
7.34
3.44
7.98

.205
10. 58
7.94
.293
.740

27.68

25.63

;

25.98 i

25. 76

21.35 !

.175
10.200
4. 64
2.00
4.98

12. 86

27.82

10.97

. 164 i

12. 68 '

25.29

11.27

26.49

12. 12 |

11.25 j

11.21

26.31 :

11.64

10.64

11.23 ;

27.21

, 153

. 148

. 144

.129

.129

.173
9.250
5. 41
1.63
5.70

.165 j
8.656
5.71 :
1.63 ;
5.94

.158
8.620
6.35
1.98
5.95

.145
7.250
6.24
2.56
6.06

.145
7.320
6.39
1,55
6.98

i

. 143

. 160

i
!
;
;

.155
7.675
6.40
2,44
8.36

.172
8. 563
7.08 :
3.29
8.76 :

:

. 169

. 178

.180
9. 075
7.18
3.79
8.27

.196
9. 106
6.73
3.69
8.31

.172

. 182

.186 :

.185

.173

.174 ;

.182

.184

.187

,195

, 207

.213

.175

. 173

.165

.158

. 145

.145 |

.155

.172

. 180

. 196

.205

.205

.35
4. 75
3. 00
53. 5

.35
4. 75
3. 00
53. 7

.35
4.75
3.00 .
56.8 i

.35
5.00 I
3.00 !
58.0 I

.35 ;
5.65 i
3.10 i
59.4

.35
5.65 i
3. 20 i
68.9 i

.35
5.65
3. 30
60.6

.35
5.65
3.50
65.1

.40
5.65
3.50
67.1

.40
5.79
3.50
66.1

.40
6.03
3.75
67.4

.40
6.03
3.80
69.7

.21
62

.23
68

.27 i
64 I

.28
68

.30
72

.32
6S

.32
71

.34
73

.26
51

. 23 !
47

.22 i
51 i

.119

.105

.106

57. 000

57. 000

57.000

57.000

57. 000

. 710

. 560

.560

.143
. 041

338
.143
. 039

•319
• H3
-039

17. 76
2
. 453

18. 39
2 . 458

18.76
. G01

18.76 i
. 767 1

.75
3. 96

.75
3. 80

. 75
3. 87

, 75
3. 94 j

.046
.51
2.00
4. 98 j

. 050
. 41
1.63
5. 70 i

.050
.39
1.63
5. 94

6.311 ;

6.55

4.35

. 133

. 127

.110

.31
71 :

.145

.128

.145

57. 000 \ 57. 000

57.000 i 57.000

.155

.177

1.90

57. 000

57. 000

62. 000

.434

.238

.300

. 530

.530

.594

.850

.850 \

. S50

.280
. 133
.038

. 294
.133
.038

.385 •
,133 '
.042 |

.463
,133
.045

.488 :
.133
. 048
.145

.510 ,
.133
. 051
.145

.588
.138
. 053
.146

.600
. 135
.054 i
.165

.610
. 141
.054

18. 76
.825

18,76 ;
.753 i

18.76
.870

18.76
. 908

18.26
. 849

18.51
. 867

18. 76 ;
.903 ;

IS. 76

.75
4.28 j

.75 i
4.68

.75
4,70

. 75
4. 73

. 75
4. 64

. 75
4. 38

!
.75 |
4.45 |

.95
4.95

.054 i
.38 1
1.98 i
5. 95

.063 1
.37 1
2. 56 i
6. 06 i

.063
.37
1,55 I
6.98 !

.064
.36
2.44
8.36

. 064
.35
3. 29
8.76

. 077
,36
3. 79
8.27

. 076
.37
3. 69 i
8.31

6.75

6.75 |

6.75

6,75 ;

6.75

6. 75

6. 75

6. 75

.082
.38 ii
3.44 :;
7.98 •1
i|
6.75

4.35

4.35

4.35

4.35

4.49

4.60

4. 60

4. 60

4. 60

4.60

3. 150 !

3. 150 :

3. 150

!

3. 150

3.150

3.250

3.250 |

3.250

]

3.250

3.250 j

3. 250 j i

3. 450

2.315 ;
.98 1
1- 60 !

2.20(5
.93
1.60

2.315
.98 :
1.60

2.512
.98
1.60

2.364 i
.98 !
1.85

2,463 i
.99 !
1.65 i

2.266 \
.99 ;
1.65 1

2.266 i
.99
1. 65

2.561
.99
1. 65

2.709
1.00 1
1. 65

2. 807
J.02 :
1.63 ;

;!

2. 709
1.02
1.60

2.22

2.23

2.22

2.22

31.61
31.66
30.00
30.00
9.813
10.000
1.65
1.65
84.3 !
84.3
15. 50 i 15. 50

31.65
30.00
10.063
1.65
84.3
15. 50

31.70
30.00
10.219
1.63
83.0
15.50

!
!
1:
i

31.76
30. 60
10.000
l.GO

:

2. 18

!

2. 13

2. 20

2. 19

2.20

2.19

30.61
29.00
8. 000
1.60
81.7
15.50

!

30.81
29.00
8. 000
1.60
81.7
15.50

31.03
29.00
8.200
1.60
81.7
15.50

31.05
29.00
8.375
1.60
81.7
15.50

31.05
29,00
8. 750
1.65 !
84.3 !
15.50 !

33.02
29.00
8. 750
1.65
84.3
15.50

;
!
!

102 i
.052

102 1
.052

i
!
!
i
i
101 !
.052 !

.034

.034

.034

!
!
i
!

104
.0:>3

102 !
. 051 :

.035 i

.035

:

2.21 1
!
'
\
;
i
!

31.39
29.50
8. 875
1.65
84.3
15.50

i
!
!
!
\

j

102
.050 :

104
.050 i

102
,050 i

106
.051

107
.053

;

:

.172

.sys

.089

.44
2.93
7.40

6.75

4.72

2.19

; 81.7
j:

15.50

107 I
.053 j

107
.053

.033

.032 !

.033

.033

.033 |

.034

.033

.044 !
.225 !
62.2 i

.015
.225
63.0

,045
.225 '
61.5 |

.046 I
.225 i
65.5

.046
.225 !
66. 5 1

.044
. 225
66.0 ,

.043 •
. 225 :
67.4

044
.225 '
68,2

,043
.225
70.0

.045
.225 i
70.9 j

.2281 !

.2276 i

.2-; 58 1

,2575 !

. 2502

.2341 i

.2320 1

.2512 ;

.2707

.046 !
.225
71. 3
. 2010 ij ,

7377
«>--.-,
. 2ol:/

!

.2631

.046

SURVEY OF CURRENT BUSINESS

February, 1932

25

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shoirn I^ere may
be found in the 1931 Annual &«*.</>/*"merit to the Survey
ft HOLES 4LE JPJUCES--1 uaLnuaa
Turpentine gum,
New York
iiuUi ptr £ -,i
Wheat
No. 1, northern spriag,
Minneapolis.
_. _dcils, per UiNo. 2, red n inter,
i- 1. Loaib __
doll" p T b a .
No 2, h ir<! viator,
K a n s » 8 i i i 3 ._
dolls, IKT ha
^ lif at Hour.
S*andnrd patouts,
Mlnnecipol'S. _
uoi<- [>M bbL
Vt inter simiuhts
Kans'tS City __ „
-_doiu ret v )Li~
Wool:
R w, terrJioiy, F<r,9« voure'i dolls j.vr lo_
L i f V , O h o an 1 Ponas/KrtTiM tlee(ts, ,'{
hloo i, oomomg tTr<\ibe--. , A 'It yer ib.»,
Suiting, 1°. ot.
-- <V)i u e i > a
Vv oiupf.'s rif« ss Broods, I tench -true.
51-in . 'U, f K'toz^
_. <toIK per 3-1 _'
\\ 'ir-te 1 > Airis _ . .__ . i t>u? i / * r i ^ „

1931

'ller

11

|

NC

ber

ri < v t j M r

^Ler^" ^^st

July

C 3M

0. 40 '•

0. 36 ;

0, 37

0, 36

.T,

.80

:

.71 '

,69

.85

o;

J32

.52 j

.17

.47

">-

.59 i

.48

,48

.43 |

5 "1

4.8^ ;

428 .

4.24 ,

4.21 j

^ ^

3,03 i

3.10 !

2.96 :

2.98 |

*

fo

.K2,

. 63 !

^
1 100

.'2i
1400

2?
J.4'K)

.23 '
1. 490 t

. "s
1

J. iOC
f

. '^o
• i»5j

St

9. 2A
.>W

*'\tt JIT FRIC E3
Cotton ifiiJ cot'on«ee«' t>K .101. *o 1"0(> i-i .
^
f'5
Dairy iiid { i»ulu\ products (t; r»i. r«> l^f^-lt
<'l'
102
Fruits '\nd '.oj/^i .! 1*"- so .
ret. {o I'1* '*-H_
l>s
rp
Gr,ii!S V), .. „_ ... .
_r«i!. .0 190H-H
5,")'
Me it mini 'is u.
. . . . -V» v i'* f «) u _
(.*
7f
(Jncl i^iLt* i (o) _.. , . - __' i eS tt ilrtj^-.i
4tf
51
All grouL'^ '2f
. -< t '/ * *> J-> 4 .
t>(
7!
HKTAiL PRICKS
1 l
Ret alfoG<nrJ«"i (Oe-rt .-»( 1 .bui _rel *o 1 .ir_
-l J
110.7:
Retail < o .1 *r)<ie 0-»ept. of L si <^ ' m. u l.«n
iv< 3
189. 1 ;
11 K PL AMES
!
Deliveries, military
number
•
i
Export A, dur'ng month __ _ . . nuu^ter.
;
Pioductioa.
I
;
Ooiunierciul aircruft
Ti'iiiiNpr
:
Manufactured for export
niij'ibor - - -AUTOMOBILES
Production maei (Fed. Ret>. Hd.)
|
_ .
„
.
rel. to 1P23-25
61
5 35 ;
Production iuaex (0% t. eneigy '-onsumed)
rel. to 1923-^.)
7^. 1
65. 5 ;
Passenger cars and trucks:
:
Production, actual—
C in(.i laTot \l
.
no. of e,rs__ 2, i-L
1,247
4(
P is. (Tiger L trs ,, ._no of c.»rs „
>
^5^
T^Rkl _
_ ,_J1G, "/ v.'irb_
?,<^1
UUnited MJes Tot J
no of i* i r s 1JJ ~ J \ ^ ^"M
Pd^eugei c.iio
no. ot C ) i s <j 9f>,7co
*S, 1-")
Titix;i''<ibs
DO o^ c<ir')
1, H4
9ii4
Tnifks
_
__oo. of tc*rs__ 23,<V6 "J.o?<3
Electric indastrmi tricks nnd tmctors.
Shipments—
I^oropstiP
„
. nuriber
21 '
19 i
Fiport*- _ _ _.. _ .
aurnbor
1
2i
Auto'?, parts and ac'osvorios, '^port vnlue
t'lous of dolls
7,925 | 5,548
Exports ('tss^mhlf d^,
Jf r"i'i (^atjfi'Lj
Totii
„
iiO of cars
211
39S i
Pas«-enKpr f*Hi
,
no nf ctirs« .
li. i
275 '
T r jck«j .
oo. of oirs
97
123 i
r
FroiLi f iuted R^otfj
Total 11 ._ _.
no c«f pars . 9 , 0 ^ 6 ; 3,112;
f
Pa^enfe* car**.... «__ ..no o cars
5,7^
1,928 ;
Trucks
._ , r o of tar*
n, -iW i
1, 184 |
1
Financing:
United Kiate^ —
W n-, «- "iJe dealers ...fhou^ of dolls
29, 257 ' 15, 743
Total consumers
then*} of (li^P
50,400 I 48,659
New CIT-^ .
„ thuiis. of dcjjh
27,313 i 25,431
D^ad r^r^
th^us of doi>3
21,880
21,945 ;
raclastitied- . _>..._.»hoa^. o'dojls
1,207
1,283 I
Canada—
Totnl new and u^ed cits
aadtrucK^_,
.. .tuoa-* o' d^Sl5- - - 2 130
Nsw ear» and tracks thous of dolls
970
IV d C!ir» . . . . . . thous of djlh ,
1,151
New passenger car, re^istr^tioas
.
.,. _. no ,»f Ci4is. ' - - _ 75,^29
Sales (Genoral <Motors '''orp )
Total to con sii T iit'» % 3, IT. 3 _ . _ _ no of c^r?.. f,3.5s8 34,673
Total to rlt dlera, 1) S .
no. of ^ar-?
6S,o50
23,716 !
Total to dealers Tic'udmg <~"anadi in ai-d |
overseas . . _ .
. _ uo <jf cw^, \ 70,529 29,359
Fire oitincMhshintj i*j pui^i*
bipm^nt" !
Mot 0s* vehicles, _
"ni^bef
7C
58
Tjnad tyjv>s_ _ . . . _ „
n'i'h^^r. ' Ut,4-J/
20,624 ;
i* ccesso^t^ an i parts, -hipiii^nrs
'
Apce^soni^
... rei to Jan , J'i2", ' ._ ._
. ..„...'
Original equipLn-nt... _rel to Jan., 192 » - _ __ ....,„-_.;
Replacement parts . _. rei to Jan , 192 j .. .. . ...„„..Service part*?. __ «. . rel to Jan . 192o
.. _ _ _ .
638 !
Rim product^ n .„ ^, m .,,_,»thous. ofrjros
Kevised,



!

4"
ytt
70
4«
7»
S3
^-^

17
ao
S!
50
S<
ftfi
7?

IW.i i
180, 1 |

119,4,
188. 7 :

26
57. 4 ;

.76

.75

.76 !

. 80

.78

.79

.78 '

.83

. 73 !

. 73

.70

.69

.69

.71

4.75

4. 85 \

4. 71

4.67

4.85

4.96

4.89

4.12

4. 14 ;

i. 02

4.00

4.06

4.09

4.03

. 02

.63 i

,65

.66

.66

.68

.72

,20
1,494

.20 i
1.494 i

.22
1.494

.22
1.543

.23
1. 601

.26
1.601

.27
1.601

:

1.050
1.10
.0404

I. 050
1.17
. 0410

. 44 j

-68

4. 13 i

3.84
. 62 •
.21
1,494;

1. 050
1.00
.0-100

1. 050
1.10
. 0401

71
84
110
57
92
58
79

65
86
114
67
91
59
SO

74 :
S7 :
119
74
99
P-2
S3

78
96
120
74
106
63
91

80
99
109
74
106
65
91

76
95
109
75
106
67
90

;

1210
181.8

126.4
187.7

127. 0
187.6

7
j_i_ !
!
gg
U '

^O
|g
'
jgQ
18

I
'
;
;

12 1.0
179,4

119.0, 118.3
184, 3
180. S

52
43. 8 '
4 544
3,426 !
1,118 :

8,492 j

8,658

37
13 j

10,651

630 i
470 1
154 j

690 ;!
f47
i33 ]

740 !
542 i
198 j

7,707!
3,207 j
4, 500 i
i

8,748 :
4 577
4, 171 ;
!

8,055
5, H99 l
2, 350 :
1

'> GU
* 2 907
j i'39
si'^IS
1,375 5 j , 4 ^ 8

102,659

121,903 155,744

49,042 '
fil,74u
69, c76
21,305 i 47,895 j 62,667
25,975

58,122
j
:

80 i
37 l
129 ':
69 i
282 ]

:

132. 8
188.1

137. 2
188.1

63
8

93
9

74
7

115
12 !

126
23

21°
1
5

257
21

288 !
1 I

207
7

185
9

76
7

119
12

j

70
17

65

77 i

77

67

68

90. 8

94,1

88,9

67.5 !

71.5

12, 738 17, 159
10,621 j 14,043
2,117 ' 3,116

12, 993
10, 483
2, 510

9,871
7, 529
2, 342

55, 9 !

89. 7

71. 3

!
4,220 '>
fi,835
3,151 1 5,583
1,069 i 1,252

63
15

11,525

]
:

934 !
644 \
290 i

;

j
4,196
2,102
2,094)

1-4,322

57 i
79 |
124 !i
85
813 i

1 336.939
! 286,252
!
665
| 50,022

63

85

6,496
4,652
1,944

5.622
4. 225
1,397

276, 405 219, 910 171,848 j
230, 834 179, 890 137, 805
512 !
529
410
45, 161 39, 521 33, 531

155, 701
120, 833
1,425
33, 443

33 !
5

42
9

48
23

84
9

50
6

18,004

18, 494

16, 071

14,353

1, 172
763
409

1,853
1, 327
526

1, 565
881
684

3,054

12,966 ! 16,727
8,468 i 11,228
4,4.98
5,499

17, 528
11, 52ft
6,002

13. 374
9,187
4,187

12.838
8.304
4, 534

72,630
109, 426
68,571
37, 793
3,062

63, 090
92, 055
55, 036
34. 704
2,315

49, 813
66, 181
16, 865
27, 722
1,593

40, 165
61, 734
32, 957 1
27, 245
1, 532

35, 550
65, 967
35, 342
28, 838
1,787

2, 361
921
1, 440

2,197
910 !
1, 287

2, 954
613
2, 341

69 1
0 |

50
25

14,174

12,755

1, 512 \
1,083 l
429

1,021
789
232

58, 178
104,898
63.566
37,999
3,133

i 71,194
I 113, 045
70,561
, 39. 564
! 2,920

;

2

!

1,798 '
1,256 i
[

15, 293
3, 645
2, 193
1,452
14, 198
9, 096
5,102

I

6,317 :
3, 440 1
2,877 |

4,918
2,445 i
2,474

6,254
3. 376
2,878

3,543
1, 890
1, 653 i

265,732

200, 841 134,133

126, 786

96, 054

122,717 i 135.663
136,778 ; 132,629

101. 339 ! 68,976
98, 943 i 80,373

61, 566
76. 681

57. 989
68, 252

111,668

153, 730 | 154, 252

119,195

96, 003

89. 349

80, 008

90
29,696

75 :
72
31,117 i 32,538

69
76
34, 248 : 29, 280

56
27, 713

113
34, 295

46
84
98
92
881

55
64
100
75
567

247,727

201,911

85,054 ! 103.303
78,723 100,270

70,078 1 87,449

06
70 i
127
79
924

317,168
271,135
340
45,688

9.9961 10,183
8.478 i 5,843
3, 518 j 4, 340
j

64
81 !
72 ^
28,720 : 28,334 : 29,895

«6 '
54 i
138 l
67 i
505 !

73
120
108
80
112
70
97

58 i
11 j

- 35, 841
43, 947
48, 859 j
\ 68,285 , 79,641
95,953 !
38,610
46,871 1 59,307 j
i 27,581., 30, 493 i 34,136,
j 2,094
2, 277 \ 2,509 \

2, 662
1,3*21
1.3-b

72 :
108
108
77
112
(59 i
94

77
21

!

39 :
4 j

.77

44
15

j40 VP> 187 197 218 ^ a O i °50 640
M), 087 i 155*321 ! 183! 993 210^016
HI !
104 i
180
360
31, 338
31, 772 i 34,317
40,244

16 i
1 j

0.42

60

^
i
I
;
^

2 C6
2,108:
538 !

^0 11°
57,7(4
HI
21, /27

SO
24,729

,79

.72

.968
1.00
.0372

•

25, 770
50,692
33,196
26,882
1,614

.81 !
. 79

.74

!

.48

.925
1.00 ;
,0331 i

53, 7

1,4 }0
^t-1
>1>

0. 45

. 925
1.00

!
1
i
i
I
!
|
i
119.7,'
186. 1 |

0.44

0. 53

0. 55

.61 ;

0.54

March

. 925
1.00 :

40

1
i
I

! April

0.56

0, 39 :

;

May

June

33
89
97
54
92
00
75

. 92b
Mf>0

5

1930

Febru- January Decemary
ber

925 I
l.OO i

. 02.">
'^0

(^

!

81
91
122
102
1,085

!
!
1
1

61
129
128 ;
117
1,508!

66
127
127
118
1,718

65 !
117
110 '•
115
1,425 ;

53
95
99
97
1, Oil

26

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
19*11

Earlier data for items shown here may \
be found in the J931 Annual Supple- \
rnent to the Survey
j

October Septem-i! August
ber

July

1930

June I

May

Feb

April ! March I

[)

^f}11'

™' |January

CHEMICALS AND ALLIED PRODUCTS!
Production index (Fed. Res. Bd.)
j
petroleum refining
... rel. to 1923-25. .
Production index (elect, energy
|
consumed^
rel. to 1923-25 !
Prices, wholesale
rel. to 1926.,!
Stocks, manufactured goods,
end of month
rel. to 1923 -25,, J
Stocks, raw material, end o!
1
momh
rel. to 1923-25 ,i
Chemicals

144

139 3
82 9

146 ft
S3 3

132 0

- 124 1

129 3

129 0

132 0

130 7

198 8

1 ' > *^

Rfl 7

87 9

KS 4

91 5

QB 5

IPS 2

107 7

l o j '>

066
4 77"
If-, 277
•; oo

S40
4 oo 4

1 853

9 f'»4

137.7
78. 9

132 7
79. 4

120 4

117.4

119 2

i'>0 7

9Q 5

85 3

2 1 48°

70 1

119 3

:

161

1 -19
S

5 6

'

Menthanol, refined:
Price, wholesale, Nen York <loll». per jrhl
-;,"
Production
. . . . .. - gallons .
Shipments
_ gallons
Stocks, end of month
. . . gallons . Price index numbers:
Crude drugs.
rel, to Aug., 1914..'
no
Essential oils
.
rel. to Aug., 1914.59
Drugs and
Pharmaceuticals
rel. to Aug., 1914. _ '
157
Chemicals
rel. to 1927
80
Oils and fats
.. _._ _ reL to 1927
49
Plastic paints, cold-water paints, and cnlefmines
Sales: of —
Plastic paints
thous , of dolls
Calcimines
thous. of dolls
...
Cold-water paints
thous. of dolls... .
Paint, varnish, and lacquer products;
Total sales (315 establishments) ._.
thous. of dolls.
Trade sales
thous. of dolls.
Industrial sales.... . ., . . . thous of dolls. .
Unclassified sales
. thous of dolls
Sulphur, production (quarterlv).__lons tons.
Sulphuric acid *
Production
short ions
Purchases —
From fertilizer manufacturers
short tons
... ....
From nonfertiiizer manufacturers
short tons
Exports
__ - pounds 202 548
Price, wholesale 66°
dolls, per ton.. 15. 500
Synthetic dves, imports
pounds
Wood at distillation plants:
Consumption _ _
_ cords
Stocks, end of month
cords
Daily capacity -All plants
~
„ _. cords ._;. .. Plants shut down.
.__ ....cords

1 fyn
3 0 > ")

lu. 848
^ i•i
i '"50

1 1, 4i 1

•'.SOl

", 000,

1 1' G
l.M'6

1 180

i f ' o; 7

12 f;52

i ' 090

8 0°3

"' 00

?5, 7f 1

?J, 0 •"••

1 Ort6
3.9-2

1 107
4, 2^0

5,20.

5 t.'S

5, So2

997

i 0?1
2. 201

.,!«!

1 400
2, 149

11 97",

1? I l l
16 171

i r) 52
3, 528

]4 OS-1

7 073

27,92'.
> 00

oc »•«- ,

4. -'7

4, 6oO

1" 13o
15 ;'04

2<J<», 410

183,8.)!

so' i >~>

117

i , 191

] r4, r;:<

r.2. 273
"•> n ^'t>

isr, *?.'j

•»s, ooo

61 2^0

r,d. k«r

"I, M.O
122 846
395 322

118
76

118
77

128
77 |

157

157
8Q

62

68

157 1
88 i
64

15, 112
8,802
6, 235
75
92 895

90 772

1

i 4, 709

"15, 176 i
1

18, £G5 ' 18 802

:

C

445 8^

130
81 |
174 !
;

i
133 '
81 j;

175 1;
re •

QQ

91

;

no

i
i

100

:

175
90

175
90
7 '•

71 i

116 447 i i4fi 458 i 153 (?47 \ 134 03^ ^

i*..-- or

13 412
15 967
64 6°0
15. 500
454 16^

3 006
372 945
15.500
356 108

14 601
8 876
250 775 i 403 °Q8
16. 500
15. 500
399 °13

•5 844 i
310 951
15.500 i
KQO 248

22 130
316,530

2J 885
257, 946

15 596
270. 605

12 123
337,017

! I 364
V2£, 990

2, 505
763

2 505
1 167

2,505
1 315

2 505
1 4Q9

2,505
1 335

19 363 i 24 444
338; 821 | 335,809
i
2, 505
2, 505
1 008
7 P. 2

31 4 r iH ! 4P607
41 °'3"
379,562 i 370,4-4G j 397,788
i
2 50-^
2 4QQ i
2 499
3HS
400
632

59, 148
95

221,424
13

thous. of Ibs—
.thous. of lbs_,
1, 530 1,457
York
dolls psr HJ
r4°
Oio
0-17
Production
thous. of lbs._ 225, 951 220, 031 206, 043
Stocks, end of month, — . ...thoas, of Ibs... 4S9, <s?;c- 3-10, 55' j
f
By 74 fertilizer companies operating 104 plants,

i 1* 845

H)0 35S •'"' ^'ssi

044
03, 9h9
i 73,945

2 | no' G?'i

'2' 14, 175
17. 329
3

870

9 SO

11,968
1

16. 500

2

EQ vised.

•>oof ' o^Jf-j
2
2

5, 2X9
; ti)

i

59 244

i

15.500 ;

51 47°

37*V 07^ i 3Q4 745 i
;

15.

500

15. 500
30'' ' J ^ S

1

^

2

()7

28, 022 ' 52, 002
43, 002
33, 050

}'* si 4
4iS,0->7

393,770 !

>;!

2 499 1

2

1
595,23() i 2 O*'! .), S31
578
2223 |

1

:!, 147 :

;,!'T:1' ^ (>
i2

2

519
4)9

2 O] ( )

'•»">ri'!)'~r

2
2

r si

l!.^4i
^"^J r >

jSt

i

90. 132 I [23, 573 ^182,357 |
2 71, J48 i 2 104, 747

= nS;w

f a

242 191
I, 012
0* x

10,010

!

!

- 7, 089
-' S, 086

2:^2, 420
1.154

26 189

!.:;04

13«5, 0!H)
OS), 745
3

- 40

r>, 17 i

15 424

285,851 : 2 157, 2 477 2 279, 022 I 2 397, 103
45
* 34
|
^ 157

33

01

60

1 1 000

17 972
10', 461 •
", 431
81
s
6-^9 595 :

9 655
155 018
15, 500
462 346

L!
u2 490 107 359 n/1' /;v>
•
thous. of Ibs.- 220, 17S 270, 4 i 2. 2f.9. 031
thous. of Ibs.. 120. roi 144, 4-S.") 115,970

•~'.'i

14 209 i 13 5s»> !
7. 844 1
7,399
6, 282 ! 0, 047 i
1
141 '••

13, 477 !
7, 999 ;
213 1

12 988

...short tons..

175

1 22

;

14 553
IS'' 84r>
15. 500
37] 392

:', 590

85

;:

.104
;

14 119
319 7ft*
15.500
440 679

00

37 ' '{?>
30") 0")")

131
80 |

105

i

19 120 ! 22 600
12, 01 1 1 14, 430 i
7, 031 •
8,071 :
'•
loo i
3
608. 730

- 12, 2 951
30

. 10

167 309
444 ii9

2i,. M
199 5')Q
499 978

160

26 565

i;

110 599

'"; 1 ' 1

,4-i

131
82 i

105 95fs

102 6?2

89? 7 it '

1

'4 242
8, 392
5, 764
85

100 75'

- ' 1 7'i3

°f,9 'J ">0

o' j !•'

"2

13 961
14 680
8, 956
8, 507
5, 366 , 5, 638
88 3
86
539 231

2
2

141
80

73

1" U2

3'J5 555

4U

143 ^01
F/iQ 250

j

07

70
05

v

2ij, on

130
79 i

157

,1- , 17

107, ^l 118, (i52
110 45±
.120 472 ' A'2°* ' 9'

64
162
81

07
99
52
2

44'Y ' U'J

f , I <>

") i !

7"'!

* •- rs
r . i)i

Q 4iO

1-3, 2V.

)«

157
86
51

47

-.r:

I f"f!
A 4 P«

• H3'

10, I9/'
! 13, s '2

. - -.

1"

118
70

157

1, 9f'

I , 71A

288 899

118
65

157
86
51

1 044
2.012

'•>--

v
11

- Sf •'{

05 u J
j 2M K'> '
330 811

50', 5t9

9^ 431

10 "> 000
240 313

9<) 654

1 * "4
20, ^00

Vw.'M/
ii7,'-«.i:

11 321
G, 857
4,417
49

12 ".'*;•

13.GT.
i ?,?,, 5. 17

I , - ! , f;1.)

87, 480
3') 704
23 S 09"

7 4 R»2
4 }i 5

4 400

14 SHV>.

2

Cottonseed:
Consumption (crush) ...
short tons.. 7I«,709 800, 001 862, 032 451,324
Receipts at mills... ..Jhous. of short tons..
549
1, 2.V.)
875
1,570
Btocks at mills, end of month
.
_
thou*. of shor f . tons
i 400
Cottonseed cake and meal:
Exports . _ .
short tons. .
50, f i O O
39, S29
10. 200




149

137 4
81.3

144 6
76 3

127 0

2 131 9

Acetate of lime:
Production
thous. of Ibs
Shipments
tbou"* of ^-/"
Stocks, end of month
..thous. of Toe,. . _
Price wholesale
dolls r^r cwt
Arsenic, crude:
x
Prod'ic'ion
^lio^t tons
s -\
Stocks, end of n«onth_. ,
short tons
f . i Lt,
Arsenic refined:
Production
..sh'ort tons
i [',-'
Stocks, end of month
«hon t^ns _ i. i
Ethyl alcohol:
rf
Production
thoy*-. of pronf ils
Warehouse .stocks, end of
month
then', of proof t tls
Withdrawn for deT^aJurization
- tJ>« vs. of proof rah>_Methanol, crude:
Production
- - .fful!on«
Stocks at crude plant •>, end 01
montli... _ . - . . - - './'ilioiis
Stocks at refineries and in transit ;, ^llons _

Stocks, end of month
Cottonseed oil, crude:
Production
Stocks, end of month
Cottonseed oil, refined:
Factory consumption —
Total (quarterly)...
In oleomargarine..
Price, yellow, prime. New

152

13 3 8
80. 5

165
137 6
70. 9

J01

'3S 0

i;<" 3

lfo

161

161

142 0

i 50

117 0
70 1

327 . ()0
3 . 200

I. 447

;

1,405

0 "0
! 5 75, 817 -110,504
0
40(( 370
'<• 19!', TOO R95' 130
1

2,17,^

1,875
2

Quarter ended in month indicated,

149, 900

2
3

190, 384
429. 5 ; 0

27

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple-

ment to the Survey

!I

Decem- November | October
ber

CHEMICALS AND ALLIED PIIOB- !
UCTS— Continued
1
Chemicata— Continued
j
Explosives
Explosives, black powder, permissible and j
other high explosives:
j
22, 657
New orders
thous. of Ibs.. ;
26, 970
Production
-_thous. of Ibs.. i
2-1, 509
25, 282
. 24, 035
Shipments
thous, of lbs__!
25, 610
18, 264
Stocks, end of month . .
thous. of Ibs.. i
18,151
Fats aud 0*!s
1
Vmmal fats (quarter!})'
!
Fact or j consumption .. -thous o f l b s '
Production
thous. of Ibs.
Stocks end of qiJ c .»ror
thou? of U>s
An'rnal glws
|
Pi oduf tic ii 'quarterly)
thous o? ibp
!
Mor'K>, (»n 1 of quartet
thou^. ol SSs I
Coconut or fopra o'i
I tutoiv ^oirsumjitloii —
' 'riidf (.quarter];")-- „ _tlvus ufl^s..
Kefl •]<'(]—'ioiai Qu^rteily). . tbuus ii Ibs 13,29] : 13, 859
In oU'omurgai me
tbous. of ibs.. I 14, 027
Imprrts
.._... ..
thcus of Its _ | In, 589 25, 186 : 30, 784
Piodu"tnn .' riarterly) —•
< i udt
..thoub oflbs
JiPl'mii
- tLDiib of Ibs
Stocks, pna of quarter—
(\'«^e
thou c o f ' >DS
licimtid
thou? of J >s
Co^ra
T<ac*ory Consumption (quarterly/
.
.
. short tons
Imports.-., _ , _ __ _
short tono
15, 622
20, 953 ! 19, 352
Stocks, end o* urmrter
«hort tons.,
Ldi h le KeUtin.
Production ''quarterly)
thouo. oflbs . s 4, 574
!
.
StocK.3. end cf quarter
thous of Ibs ! 3 .s 312
Fish o<isFactoiy consumption (quarterly)
.
_ „ __ _„ thous. oflbs
j
Production Cquat J oriv)
thous. oflbs i
Stocks, end of quarter.. .....thous. of Ibs..
_-..!
Greases:
Factory consumption (quarterly)
_
_
thous. of ibs
Production (quarterly)
tbous. oflbs,.
Stocks, end of quarter... .thous. oflbs,.,
Lard compounds:
Production (quarterly)
thous of Ibs
Stocks, end of quarter
thous. of Ibs
Oleomargarine:
Consumption. . . _ _ _ _ thous. of !bs._ 22, 831
22, 838
23, 401
Production
.
thous. oflbs.. 23, 173
22, 138
23, 965
Vegetable oils:
Exports
__ __ thous oflbs
1, 814
1,070
1, 230
Factory consumption (quarterly)
... .
_
mills of Ihs
Imports...,
._
thous. of Ibs
66, 677
59, 225
56, 748
Production (quarterly)
mills, oflbs..
Stocks, end of quarterCrude
».,«
thous. of 3bs_.
Refined
...thous. of Ibs..
Fertilizer
Consumption, Southern States
. — _.
thous, of short tons..
94
66
Imports:
'Total
long tons
77, 849 120, 822
N itrogeno us
long tons _ _
52, 837
01,904
Other fertilizers
long tons
6, 563
5, 516
Phosphateslong tons_.
5, 577
3, 331
Potash
long tons__ 11, 998
12,. 872
50, 071
Exports:
Total......
.
Ion? tons
81,703
94, 416
Nitrogenous
long tons._
3, 284
13, 452
Otber fertilizers
long tons
5,550
1, 567
Phosphate material
_
long tons
76, 785
75, 114
Prepared fertilizer
long tons
67
300
Nitrate of soda, imports. _thous. of long tons..
30
34
17
Superphosphate (acid phosphate):
141
Production
thous. of short tons
143
Shipments
thous. of short tons.. -52
85
1
Stocks, end of month
thous. of short tons
1,388
1,285
Flaxseed
Flaxseed, imports
.thous. of bu._
190
1,234
1, 468
Linseed cake and meal:
Exports
-thous. of Ibs. .
42, 782
49, 027
Shipments from Minneapolis
....
.
thous. oflbs.
14, 354
14, 518
18, 019
Linseed oil:
Factory consumption (quarterly)
thoiis. of Ibs.,
.....-._.
Price, New York
dolls per Ib ....
"""."673"
Production (quarterly)
thous of Ibs
Shipments from Minneapolis
thous of Ibs
3, 152 I 4, 125
4,410
Stocks at factories (quarterly)
__..,
....thous. oflbs..
8

Quarter ended in month indicated.




Se

^.m~ August

July

June

25,058
25, 068
25, 150
20,304

26, 719 •
25,981
26,611
20,404

i

Aprii

May

March

Decem-

Febru- January
ary

ber

s
1

i
25, 803
26, 598
! 27, 408
17, 888

25, 437
24, 548 i
24, 867
19, 956 i

i

3l7fi. 221
837
230 999 I

6, 169
31, 845

3 159, 546

i i fiX 434

20, 207

3 90, 921
3 84, 264
3 158, 846
3 21, 993

8 1, 625
3
6 543
_

s 51 941
« 90. 056
« 81, 072

S S3 fi74

1

3 25 140

16,483
16, 075

455

1, 025

1, 008

1, 775

2,154 j

2, 350

3 49, 494
--; 3 89, 338
3 77, 791

3,831 i

3 331, 412
8 26, 672
27, 237
25,740

19. 751
20, 335

!

27, 593
28, 969

4,775 \

2, 947

2,086

3

i PSS ;
75,470 ! 72,280

74, 285

j

3591,342
3209, 759

17, 150
19, 573
19, 618 | 21, 154

9, 289 1 13, 180 i lo, 460
11.271
12,638
14,912

s 48Q !
50,633 i 63, 096
3441

-

3
291 386
1 8 26, 081

S97R 91 R i

19, 409
18, 836

3 42, 675
3 25, 364

, 3 197, 758

1
53, 346
s
_.! s 95, 948
i 79, 012

8 AS 715

3 4, 434
38,224

!

?
44, 620
| J 11,587
|3215S405

_

— _ _ - _ „ _ » 94. 885

3276 713
3 21, 718

s 71, 134
37, 419
3 41, 077

34,056

1

1
s 854 465
4*647 1-..
«262,106 -

i

33, 133

M,549
8, 642

*4,415
s g 547

•:-—

8
3

* 71, 229
18, 927
25, 890
_._ « 27,167

.

17,179 i 17,871 ,
« 17 491

18, 012

3 90, 307
16,491
30,952

H, 873
24,690

•* 201, 932
: l 16. 869

13200 J23
t 15' 039

-

11, 492
44,034 i

1 s

s 67 H r ii

036
17* 516

3 52, 497
29 847
247, 038

133,255

1 891,446
66, 268

3 R1 RQQ !

3
201
3

49 024
19, 832
23. 795

i 3 23, 515
351,055

! * 75, 479
11,329 ! 12,088
26. 862 | 27, 550

s 78 848 !
— -7,105 i 8,466
31, 000 ! 15, 970

3
61,388
3 Qg f,s2

8

s 93 348
3 54, 991

!?

._. 3139 158 ' —

I
378,496 ! _ _ _ _ ....
10, 947
9, 473
29, 455
18, 228

3

:
1

3 n« 7'7 !

3137,730

24, 404
24, 024
22, 974
17, 303

! 3 154, 560
! 3 515, 794
3 191, 906

.* 154, 951

..

8559*688
a 270 '-)83

3 20 847
361.848

j
26, 714
24, 056 i
25,201
17, 372

25, 448
28, 751
27, 543
20, 219

' 224, 398

i S l f i f l flfiQ

3
491
S

28,721 1 26,730
27,647
25,414
28,000 ! 26,598
20}639 1 20,929

26, 441
26,960
27,379
21,115

829 ^
f>2. 463 ! 68, 238
J
i
674

t 300 i

3517,909 1
... - _.
386 176 - - -

3 1, 076
72, 028
3 1, 007

72, 142

79, 809

.|*610,812
i 3 531, 666

3

3 635, 271
469, 807

3

j
91

146, 700
70, 022
4, 063
6,175
66, 440
127, 953
7,554
3,863
115, 621
915
49
142
119 i

1,237

2,469 :

40

25

127,599 i 97, 358
24, 730
47, 1)35
902
4,763
9.858 ! 3, 768
67, 958
65, 043

7-1 I

:

1,275

143
63

1,158 '

146 !
55 i

1,060 i

1,339

1,685

1, 150

53,225

39, 769

17,385 ! 13, 972

11,414

7,653

3 70, 504
.076 """"."ois"
3141,205 ;

6,806 i
» 107, 508 i

!

89, 194 107, 918
89, 409
115,207
7,690
6,637
7,682 ! 7,078
1,926
9,498 i
1,164
1,425 1
79,472
91,049 1
80, 670
105, 717
497 !
106 1
734 !
383
19
30 i
34 j
35
162
58

6,675

fooY
6, 285

1,352 !

640

343

59, 970
72, 159 143,250 255.905 '•. 141,421 137,172
37,998 i 46,602 102,342 i 170,587 : 98,435 i 82,466
5, 124 1 9, 766
5,438 | 6,764
3,983 ! 3,019
6,279
5,578 I 15, J58 | 3, 726
3.339
4,832
41,663
60,394
33, 822
14,650
17,706 1 30,206

57, 736

48, 615

1,132

195

« 95, 544 |
^086 !
* 130 635

6,788
» 78, 200

150,128
25,146
10,829
113,017
1,136
67

i 112,725
i 19,819
! 7,755
! 84,682
!
469
j .120

195 !
407 i

162
106 ;

1,301

996

74
!

:

104,049 j 92,463 '
13,331
18, 336
5, 1J7
4,734
73,520 i
80, 696
495 i
283
46 ;
68

107, 198
68, 250
3,864
9, 760
25, 324
71, 933
5, 1G4
1, 510
64, 721
538
36

226
305

249
131

326
103

336
70

1,836

2,287

2,292

2,110

j
352 i

82?

J.
.088 I
1

11,921
i.

952

39,847

18, 238

10,853

33, 596

12, 145 ! 17, 827

i
8,432 i

1,313

30,818

1, 496 j
38, 172

11, 046

17,227 |

16, 824

i '74,092
.092 !
.095
* 118, 417
I
12,792
11,552
l» 113, 192

3 68, 894
.092
3 131, 257

"092
9, 594

219

8,553

7,385
3 113, 423

28

SURVEY OF CURRENT BrSi.Vi^S

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
1031

Earlier data for items shown here may
be found in the 1931 Annual Supple- Dec-em- XovemOctober
ment to the Survey
ber

be*01"'

Au

1930

July

^lst

June

May

December

ebru- January
i-'arch ;, I PrT

\j»rl»

CHEMICALS AND ALLIED PEOBUCTS—Continued

I

Flaxseed— Continued
Minneapolis and Duluth:
Receipts
thous. of bu
Shipments
thous. of bu—
Stocks, end of month..
thous. of bu~...
Oil mills (quarterly)-Consumption
thous. of b u _ _
Stocks end of Quarter
thous. of bu
Price, No. 1, Minneapolis, -.-.—dolls, per bu__
Production crop estimate
thons. of ton

1.40

Naval Stores
Pine oil:
Production
.gallons
169, 695
Stocks end of month
thons. of guSs
1,815
Kosin, gum:
Net receipts, Southern ports... _ . . b b l s _ _ 93, 980
Price, "B," New York
dolls, per bbl_.
3. 61
Stocks at 3 ports , end of month
bbls
486, 863
Rosin, wood:
Production
bbls
23. 242
Stocks, end of mouth
- bbls
92, 258
Turpentine, gum:
Net receipts, Southern ports
bbls.. 19, 844
Price New York
dulls per iril
.39
112,311
Turpentine, wood;
Production
bbls
3 733
Stocks end of month
bbls
6,002
EooUng
Dry roofing felt:
Production
_ . __ short tons
Stocks, end of month.
short tous..
Prepared roofing, shipments:
Grit roll......
—
thous. of sqs...
ShinglesIndividual and single thickness
thous. of sqs
Strip, patented, and hexagon
___
___,„
thous. of sqs_.
Smooth roll.
.
thous. of sqs...
Total
__ thous. of sqs

Production index:
Food products (Fed. Res.
Bd.)
rel. to 1923-25—
Food and kindred products
(elect, energy corsumed). rel. to 1923-25..
Stocks, manufactured
foodstuffs
rel. to 1923-25
Stocks, raw foodstuffs
.rel. to 1923-25..
Caiidy
Sales by manufacturers- _ _
thous. of dollsCocoa
Shipments from Gold and Nigerian
Coasts, Africa..
long tons-Imports
..
... ...
long tons..
Spot price, Accra, New York— _. dolls, per Ib..
Coffee
Clearances:
Total, Brazil for United
States...
tnons. of bags..
Total, Brazil for world
thous. of bags..
Imports..
.
thous. of bags..
Price, Rio No. 7, Brazil grades. .dolls, per lb_.
Receipts, total Brazil....
._ thous. of bags..
Visible supply:
United States.....
thous. of bags..
World
..
. . ___thous. of bags..

1,026
1. 159
1,605

316
541
872

9,181
5,768

1, 452
921
1,422

;

2,766

•,;. 4.<<

1,381

7^7

...

i »7,610
i M,241
1. 37
1,32 !

1. 46
* 11 018

uc f>40

17b U7

1 8?'J

17° ',3'»

11

'»

4 0 ,v<

1

i7

2' v 0

2" * -

l',J

AP

r

3j v >
1 JO

i- n
r

IPs J *

2s - i >

"7 n:

10
i • >

1 2, (> <s

5,021
7ll

93

^90

89

144.0

124.8

75.7
205. 2

2

286.3
210. 8

1

136

3 7, 391
« 4, 472
1.61
* 21, 240

i 0 .

',9 1

~\ M

I'flrJ

J • '7
1 H •<

it, i-i
1,7^1,

229, 737
1,799

136. 5 |
:

, "i
4

b
M

*

"1 7 S 7
, N'

'*,'*"

• , -51

r> 3
1 4,^.0

? i-o
1 ". ^

*< tl
1.0*1)

o7,0 >

1

i '

^

; f
4

^//i,
4
4

-"
~

Li

tf

•

b

« i l ' , o «i

7

«

i. / J

W*

M ^
4 70
5vl,"»v

)»

/

'

i, , °

I L

N

t

' '

2^

» , ->

i*
H

"

4 i °1
4 •*
f>21* f - t

117, 489
4,95
372, 090

3. r L

°4 ^ > H

IV., I'O

1 > i ()o( l

34. 332
122, 318

i »,o 5

^9,^
4 , 2

1%001
4 j^O

5/0

o«i <

5
"

i

. . '*
'i
>H JJ,

1

27, 482
.42
84, 911

14, 4J

_.

6,200
15, 799

1"

l,,0

!

22
j(

/, i l
»

*7,74
4, , S
>

r

it . 4
,«£,*,

i^ ,1

(

7

'' ~ ( »

8, lOfi
3, 731

c

0

d^

242

CO

51

63

71 4
1,381

773
1,395

238
583
1,126

87

62

93

Ji

t

127

i3.i

155

485 )
&7H :
2,017
j

512 ;
8-Kl ^
2,OU?3
'

541 j
9C5 i
2,230 |
|

89

88 i

m\

oi I

147.0 ;

136,2 ^

126, c

122,0

116,8

122.0

118.3

107. 1

111.1 :
191.7 ;

100.3 ;
178,2 ;

97. 0 1
189.7 |

98. 1
193,7

93.5 i
202.1 i

97. 3
187. 9

95. 5
194. S

89.1
205. 1

466
1,067
2,237

J

142.0 ,

146

92

556
329
967
702
2,202 1,450

n

;

89

2213.3

HI. 3
2 301 4

97 4
213. x

21, J 10

22,985

15,;, A

1" 1"^

i , ,,i2

» >,,%

^ « m

2^,0' :

21, m ^

21,948

28, 727

6, 6?o
14. 104
. 0403

1, *
13, 54-

, '^^
i / , 46

i' ^ , A!
* N-

It, /20
2x::
(

n, ^1
J«, - 2

4«,o5.J
J's ,2

5^,V>0
13,6^
iJ,%3

39,27=
16,418
.0019

21, V56
13, 700
.0675

711
1,263
794
.056
1,533

"'
' '...
^ci

, -i
'no

(x,:
r

,, r-s
i, ,r

*s .
i >

i,",,»
i. ^ ,

8^9 •:
lyW)0
1 ?b4

952
1,617
1,094

) Jn*

' *
'(.*

(\ i
"

('Oo
(.",'>

. V,6
1, v1< )

1*648

l'?697

881
1, 590
1, 098
.070
1, 494

1,161
5,373

866
5,455

929
5, 188

'155,766 ni6,3C9

166. 506

68. I
;

23, ?0f)

44, 588
16, 343
.0425

23, 080
8, 288
. 0194

818
1, 507
1, 203
.070
2, 138

870
1,529
936
.063
2,318

1, 816
0, 961

1, 639 '
6, 755 ;

:

7

~5'i

8, iLf<
. 0475

SO',

•

;

J.4s.)

:

. 05S

; 1,711
1, 637
6. 374

!

1, 555
6,, 578

i oi

o^i^

r

<

f H
'.^5

u4 *

'

• ';.

ai'iu

f

5"
, d44
!
!

160. 638

i>2o<r

44, 925
,31

?

187, 114 n&J,4S3

J

203,731

' " . ' 29
121 Go 1 M,2 2 1'6, 70 j
1 5. So7
42,ftf>3 i *J ^
.34
33 '
2'

l ' t > PI
"\l
!25

>,}"
i
)
' ^3

." I r 5
17*, -27

17 ! » - »
1 .»,b7s

''.24

•

t',«>,»
t " ' .4
* ' 2')

' r'i

4^.-^)

63, 401
111,670
43, 892
.32

4,3 ( 062

39, 500

CHEESE

j
Total, all varieties:
Apparent consumption
thous. of Ibs, . 35, 799
42, 519 250,202 ! » 47, 384
Cold-storage holdings, end of
month
thons of Ibs.. 73, 234 2 78, ,rf.5
81,743
83.426
Exoorts, Canada
thous of Ibs
11,022
3, 893
21,945 i 16, H88
Exports, United States
thous. of Ibs..
112
170
MO
116
Imports, United States
thous of Ibs..
5,195
6, 057
5.515
7,179
Receipts, 5 markets
thous, of Ibs ._
1 0, 5f '.9
9, 304
13.588
11,949
33, 424
Production (factory). . . . . thous. of Ibs. _ 26, 725
...
3% 175
43, 282
American whole milk:
Cold-storage holdings, end of
month. . _ _
thous. of Ibs
65, 802
55, 735 2 60, 583 * 63, 968
Wholesale price, New York— dolls, per lb_.
.14 i
. 15
. 17 .
.16 ;
3
s Revised
CQuarter en ded in in onth indieated«




I. 5 <

J46.4

535
I, 198
2,597 i

* 93

91

22, 909

Dalry Products
BUTTKB
Apparent consumption
thous. of lbs__ 171, 991
Cold-storage holdings, creamery,
end of month
_ _ . ..
thous. of Ibs
26, 550
Production (factory)
thous. of Ibs . 121,054
Receipt*3 5 markers
tho:3> of 'bs
47, 194
.31
Wholesale price, New York. ....dolls, per l b _ _

153

130

299 !
470 :
998 1 1,128 1, 765 | 2, 302 j

'x

*6 t ".71

_.

1 5(>

j

,

709
517
1,386

877

1. U S

H-'O 4

lo ^4"
4, <U8

{ ,1*0

5, i'b

M>.r
f, •k

3,7*;
4, si;

\2A

49»
185
1,/iS

i, 1?

x

»-*,-»

.

309 i
334
9T.

I :>5

v

t

if 6
421
7M

i

'4-

i

7
i
(t

iO ,,; i*

<(

5 7^v;,

J (j

w

2

3; j ^ z

7».'j
M>1
7HJ

1.1-4

1. ii

1 S \\

95, t iJ ' 1 jl
-? f
407 t , M>

:::::::::

'd *
3^
-•~i5

i

2

47, 078

» 45, 394

251,689 i s 57, 266

3

49, 705 ; » 49, 271 , » 39, 753
53, 172
oOo
121
6,471 :l
11, 445
40; 470 i

54,270
'491
208
4,611
11,717
34. 3^8 ^

5

86, 4 IS
11,929
124
4,389
14, 264
43, 218

S4.003 :; 72,977
55.939';
ll.-rQfi
4.075 ;
1.517
MS :
119 :
i3>)
3,413 ; 5,12!
5. S5fi :
H. 190
17.4SO i 12,145'
52, 960
64; o3:i i 52, 568 :

09,471
i4s
!:*•»
4, 123
11.60(1
27,rvJ3

79, 015
4, 025
176
4. 163
10, 400
35, 057

68, 874
.16

58.532
58.144
42,461 ' 40,542
41,836
47,968 : 54,499
. 15 !
. 14 ,
. 14 ;
. 15 ;
. 16 i;
. 18 ;
.17
< AB of Dec. 1.
« Fins! @sti mate for 1930.

63, 326
.18

61,841
306
US
4, 062
10,406
26,379

29

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
1931

Earlier data for items shown here may
be found in the 1931 Annual Supple- Decemment to the Survey
ber

Novemher

October

Se t
^) e®m"

3,447
88,407
578

5, 745
94, 816
722

7, 660
103, 302
943

1,443

1,180

1,309

August

July

1930

T

June

May

1 April

March

Febru- January Decemary
ber

FOODSTlJFFS-Continued
EGGS
Cold-storage holdings, end of month:
Case
. ._
thous. of eases _.
Frozen
thous of Ibs
Rcceiots 5 market^
thous of cases

1,475 ;
79,118 <
652 |

MILK
Condensed milk:
Export
thous cflbs
Total stocks, manufacturers, end of

1,233

2

1
9, 507
9,015 ! 9,504
110,271 : 114, 700 113,513
1,862
1, 053 i 1, 180

7, 887 ! 5, 162
106,607 j 91,517
2,236 j 2,478

1,893
78, 051
2.. 046

408
73, 889
1, 264

735
75, 685
1,026 I

1,894
83, 184
768

1, 873

1,345

2,403 !

1, 907

13, 051
16, 171
5.79

1

13, 928
18, 594
6.03 !

17, 803
19, 520
6.03

5, 269

4, 546

i

Case g-uni^
thous. of Ibs
12,508 i
B ulk goods
thous , of 1 bs . _ 7, 596 :
Wholesale price. New York do^ls. per ca. ^_
4.75 :
Evaporated milk:
Exports
_
. thous. oflbj>
4,367 ;
Manufacturer,-.' stocks, *»nd of month Total v-hse LOOiN
thius. of lr»s_. 132,011
\\ hoies-i^ price, Nou York.d^Us. ptTcabe..
3.00
JUui'j inilK:
Corwnf tion in mfr of
^Ipomar^rine
thous. of lhs__ 5,948 ;
Produi lioii. Minneapolis and
St. Paul -, .
thous. of ibs— 31,732

2

15,130
17, 264
8, 607 * 10, 032
4.75
4.75

20, 349
11, 007
4, 75

4,240

3, 610

3, 659

130,841
3.00

129, $02
3.00

136, 408
3,00

5,625

6, 142

4(. 849 •

26,854

21, 751

18,520
] 07, 846

19, 558
113. 537

19. 598
115,390

712

T>< st(;n, i-ulud'iiij '•refun.tl' w^ o f ^ t s . .
1
Greater tf*w York
*L«,up. of ^ts
Powdered iPi ] k Experts
- thou& * v £ iKs
725
Manufacturers' stocks, erd
of month....
thous. of Sbs.. 23,786 !
Nt; i new orders
thous. of lbs~ \ 262 1
I/rodnetioii, condensed and eiaporattd milk .
,
.
thous, of H»s._ 116,379
Exports, condensed and evaporated
milk
thous. of Ibs
5,600

25, 224

970

854

2

23, 305
8, 494

23, 572
9. 914

20, 711
14,331

115,920

141, 109

121, 599

5,683

4,790

4? 968

2

1,477

1,862

3,372

22,304 i 24,071
15,001 1 16,221
5.00 i 5.65

23,998
18,992
5,65

4,460 : 5,892

5,024

181.745 "275,931 275, 280
3. 20
3. 00
3. 10

1,973

1,853

19,892 : 12,390
19,163 i 15,887
5.65 i
5.65
5,114

13, 227
16, 273
5. 65

5,311

5, 034

3, 775

230, 73$ 177, 754
3. 30 .
3, 50

ISO, 931
3. 50

130,896
3. 50

3 4^9

3 "/SI '

«r 387

6,927

5, 814

33,978

;

32,654

36, 245

33, 026

20,312
20,545 ,' 21.615 21,021 1 ^1,023 . 19,877
135,160 120,752 1.16, 580 116, 11 / : 110,313 113, 329

17. 444
101, 197

4,199 ; 2,943
24,012 ! 27.438

1,047

:

984

35,922 ' 38,210
11,062 11,816

1,035 i

42,628
11,109

140,437 ; 175, 578 234,055
5,943 : 7,751

Fish

6, 396

36,244

1,869

!

157, 152 ! 202,070
3. 75 !
3.80
7, 464 !
34, 333

i
18,352 i
110,428

1,414

2, 282

1,001

36o

43,148 ! 40,502
11,047 ; 12,145

41, 363
10, 606

41. 744
8, 482

41,122 !
10, 253

194,753

172, 30o

144, 649

7, 164

6,907

o, 120

7,672

244,229
7, 087 i

8, 158
30, 310

18,313
111,345
465
38, 976
8,945

141, 981 | 140, 904
6, 453

:

Canned salmon:
Exports, Canada
cases.. 64,975 '
Shipments, United States. thous. of cases. .
Cold-storage holdings, 15th of
month
thous. oflbs
72,343
Total catch, principal ports... ..thous. of lbs_.

83.848
430

100, 138
539

91, 873
632

69,327 ! 59,996
902 ;
524

47,423
340

59,883 ! 91,083
384
290

101, 817
334

38, 446
300

45, 998
406 \

107, 333
333

74,667
20, 808

73.018
2< 947

68. 083
28, 489

57,518 48,350
33,612 | 28,628

39,700
25,655

31,283 ; 28,095
24,599 j 30,049

38, 567
30, 081

50, 560
20, 635

71,817 i
18, 353 1

85, 323
17, 567

8,041 ! 7,587

5,692

6,549

6,446

10, 717

8, 946

10, 682

U5,216

1,869

3,155

1,214

2,005

3,081

5,700

7, 115

7, 806

8, 085

62

137

577

1,509

2, 917

5, 224

7,439 i

17, 572
2,540
23, 601

13, 980
2, 610
20, C24

14, 197
3, 454.
20,971

9, 575
5 155. 982
12, 554
2, 254
15,092
s 333, 210

8, 118

6,061

5,067

6, 010

7,578

776
.48

745
.44

921
.44

732
.44
2, 511
10, 731

1,047
.47
5 304, 601
3, 569
11, 401

Fruits and Vegetables
Export value, fruits and preparations
thous. of dolls
8, 720
Apples:
Car -lot shipment
..
._ .carloads.. 7,245
Cold-storage holdings, end of
month _ _ . . . . .
thous. of bbls. .
Production, crop estimate. -.thous. of bu_.
Citrus (ruits, far-lot shipments _ _ _ .carloads.. 10.684
Onions, ear-lot shipments
carloads... 2,194
Potatoes, car lot shipments
carloads.. 13,141
Production, crop estimatethous, of bu_.

11, 563

16, 181

9,162

14,339

30, 137

12, 597

11 396
4
211 506
:
11,049
i
2,304
;
14,368
* 376, 248

10, 705

2, .143

8, 706
4, 014
24, 392

5, 688
3, 776
16, 979

6,073 ;I 9,407
2,258
1.657
11,717 | 20,161

10, 693
2, 122
27, 084

15,585 i 15,099
3,703 ' 2,377
23,895 i 21,032

14,998

17, 296

13, 124

13,439 i 18,750

13, 161

11, 224 j

234
.51
198, 965
2, 344
4, 963

768
.50

717
.50

5, 406
1, 770

5,152
4,138

5,088
4,089

508
6,348

256
6,318

165
o, 912

,43

.38

.42

.46 i

. 46
.43
1
2 556, 863
10,767 1
11.741
4, 346
4. 884
13, 192
10, 079

.40
.39

.46
.44

.45
.49

14, 414
7.211
7, 3(>4

8, 447
6,364
5,592

5,094

3,959

857
1,606
.23

627
1, 166
.22

20, 088
7, 090
18, 605

15, 960
7,398
17, 468

i1

81 •

Graiiis
Total grain exports, including
flour-..

thous. of bu—

12,578

BARLEY
Exports
_ >__
._
Price, No. 2, Minneapolis.. _„
Production, crop estimate
Receipts, principal markets
Visible supply, end of month

thousu of bu._
uolls. per bu_..
thous. of bu_.
thous, of bu._
thous. of bu..

276
.51

'

2, 005
4, 226

4

1,014 i
.45

678
.42

807
.39

896
.45

i

1,801
3,449

2, 193
4, 126

2,523 !
4,626 |

2,446
5, fi62

2. 484
7,840

2, 240
9,583

201 i
556
4,665
5,168

123
5,738

151 i
5,580

206
5}492

534
6, 441

443
5 S 575

188
5, 990 !

132
5, 241

.57

.58

.68 |

.58

.60

.61

.65 1

.69

.53
.58

.52
.69

.52 !
.56 |

.53
.58

.54
.60

.54
.63

.59 I
.68 j

11,320 i 16.152
6,561 i 8,955
8,271 ; 8,53(5

13, 417
10, 589
7,785

11,381 ! 17,102
14,855 ! 14,246
12,286 ! 19,676

18, 567
12, 281
21, 998

21, 278
11,895
20, 110

4, 198

4,519

4,279

179
822
.30

174
844
,31

120
940
.32

10,525 1 9,871
5,294 | 7,604
9,892 1 13,837

10, 243
6,843
19, 103

11, 895
7,123
22, 947

COEN
Exports, including meal..,
thous. of bu..
Grindings (starch, glucose)..
thous. of bu__
Prices:
No. 3, yellow, Chicago.
dolls, per bu._
No. 3, yellow, Kansas
City
dolls, per bu._
No. 3, white, Chicago
dolls oer bu
Production crop estimate...
thous, of bu _
Receipts
_ _
.„
..thous. of bu
Shipments
thous. of bu
Visible supply, end of mo
thous. of bu_.
HAY
Receipts
Production, crop estimate

120
4,630 j
.37
. 39
.38

number of cars..
thous. of tons

< 64, 233

3,495

3,052

253
938
.23

374
770
.27

10,239 ; 12,963
12,903 : 5,749
15,577 i 7,785

11, 098
4,748
7,654

5,001

3, 777

.66
.73
52,060,185
19, 320
27, 367
12,611
10, 925
17, 562
16, 993

5,214

4,057
« 63, 463

OATS
Exports, including meal
thous. of bu
255
Grindings, Canada
tlious. of bu
Price No. 3, white, Chicago
dolls, per bu._
.25
Production, crop estimate
thou5?. of bu_.
Production, oatmeal, and rolled
oats, Canada
. . thous. oflbs
Receipts, principal markets
thous. of bu_. 4,028
Visible supply, end of month^... thous. of bu_. 16,710
* Revised,




850
1, 762
.26
;« 1,112,142
i
!
i

24, 422
4,532
17,863

* As of Dec, 1.

i
429 !
836 i
.21 !

192 i
785 i
.28 j

» Final estimate for 1930.

144
208
997 |
1, 126
.32
.34
51,277,764
13, 320
6,121
26, 650 i

14, 360
6,021
30, 504

30

SURVEY OF CUREENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931

Decem- NovemOctober
ber
ber

berm"

Au

^ust

Ju

June

^

i
!
1

j
| April

May

AUrch

™™- ''".nary

1930

»<j™-

FOODSTUFFS— Continued
RICE
Exports
pockets (100 lbs.)__ 193,200 380, 658
Imports
pockets (100 IDS.). . 34, 081 11,859
Production, crop estimate
thous. of bu_.
« 45, 014
Shipruents:
Total from
mills
thous. of pockets (lOOlbs.)..
1,216
New Orleans
- pockets (100 lbs.)__ 78, 972 136, 328
Southern paddy, receipts at
mills
thous. of bbls .
1,408
Stocks, end of
month
thous. of pockets (100 lbs.)._
2,051

322, 302
9,397

1,396
199, 965

239, 358 ! 260, 949 I 203, 519 ! 211,843 ! 259,578 i 376,000 :
10, 009
50, 472 j 38, 748 i 41,223 j 37,821
41,89]

87,630 i 108,181 100,899
3,756 ! 4,475 : 5,443

875 i
427 i
404
139,048 ! 78,269
37,121

864 ]
933 i
68,349 ; 74,629 ;

601 ;
617 !
780
75, 782 j 88,718 I 68,753

1,810

1,455 j

382 •

172

323 j

j

560

1,805

1,305 |

883 i

848

1,051 !

1,293

1,388

9
.41

27 !
.39

14
.38

10
.37

15
.37 '

29 '
.36 '

H
.35

472
8,087

*62 1
8, 730 1

1,035 ;
8,540 ;

520

599 1

1,561

413,674
27,504

1,119
75,r.i3
1,1*7

864 i

1,003
75, 426
R44

1,790

RYE
Exports, including
flour
Price No. 2, Minneapolis
Production, crop estimate
Receipts, principal markets
Visible supply, end of month

thous. of bu..
dolls, per bu..
thous. of b u _ _
thous, of bu_.
thous. of bu_.

27
.51
* 32, 746
751
401
9, 131
9, 025
3
.45

1.137 !
8,267 :

s-i ;

. 36 i

1, 213
9,186

1,311
8,922

29, 596

21,436

16, 843

14, 258

14f 107

22,988 '.

31,087 i

6,148

9,519
13, 380

11,873
15, 406

8,397 i 8.901
11,588 ; 11,781

12,731
17,253

8,13ft
11,842

6.406
9,956

3,531
6,954

8,510

8, 751

7,039 •
... _.J

11,561

8, 805
« 38 77 i

7,443

.80
.62

.71
.52

.69
.47

.65
.47 ;

.61
.48

,74

.81 i
.79 i

.79
.80

. 7f
. 78

.59

.48

.43

,43

.44

.68

. /3 ;

.73

. 70 :

880 \
9,262 j

19

. 37 •

[

.44

11,911 i

12J 644

.38

855 :
71G
10,440
H, 110 |

WHSAT
Exports:
Canada, including wheat
flour
._
thous of bu._ 24, 387
United StatesWheat onlv
thous. of bu
7, 896
Including wheat ilour thous. of bu_. 11,921
Export value of wheat and flour
thous. of dolls..
7, 593
Stocks, held by mills (quarterly), thous. of bu_ 3 129 994
Pnces:
No. 1, northern spring,
Minneapolis
dolls, per bu,.
.73
No. 2, red winter, St. Louis.. dolls, per bu_.
.57
No. 2, hard winter,
Kansas City....
dolls, perbu..
52
Production, crop estimate:
Total
thous. of bu
Winter wheat
thous of bu
Spring wheat
thous. of bu..
Receipts
thous. of bu
13, 766
Shipments
thous. of bu. 15, 470
Visible supply, end of month:
Canada
thous. of bu__ 191, 180
United States
thous. of bu._ 220, 521

!

6,769 ;
»139,002

!

5,671

;

r, 521 ' 12. in<:

:

1,357
4,57*

!37
3, .=54

$, 543

,] is7

4,80i

(,.7,

. 75
. 79

. "6

.77

, 69

.69

» Si' si?

4

.71

892, 271
4
787, 465
4
104, 806
26, 405
29, 470

32, 658
26, 851

38,877 ; 61,463 ! 104,047
28,325
45,747 ; 65,987

29, 656
30, 385

30,863
21,230
24,061 : 10,601

i
30,833 i 30,672
15,570 ; 14,817

29,496
13, 706

2 1,:,'*
i ,, 0 i

189, 675
230, 147

161,912
231, 049

122,199 1 101,306 I 116,402
239,431 : 242,846 | 217,528

122, 318
190, 702

136.855 : 160,750
197,563 i 190,561

180,253 l\ 183,704
207, 138 i 201, 862

193, So *
197,219

.0>.s \
1"", 71.5

5 ;.,-«; u 0
5 j 01 >• lO

WHEAT FLOTJB
10, 462
9,334
9,898
Consumption (computed)
thous. of bbls..
Exports:
557
476
558
Canada
thous. of bbls—
785
709
858
United States
thous. of bbls__
895
Grindings of wheat:
8, 102 2 7,565
6,772
Canada
thous. of bu_.
2
47, 463
45, 230
44,569
United States
thous. of bu
37, 234
Prices, wholesale:
Standard patents, Minneapolis
4.84
4.28
4. 24
dolls, per bbl
4 51
Winter, straights, Kansas City
3.03
2, 96
3.10
dolls, per bbl
3.22
Production:
1,812
1,694
1,516
Canada-..
thous. of bbls..
United States9,735
Actual (Census)-.
thous. of bbls.. 8, 165 2 9, 890 210,399
10,611
11, 112
Prorated (Russells')-— thous. of bbis__
--- 10, 167
61
65 2
60
Capacity
.
percent..
Grain oflfal
thous. of Ibs 647, 175 2 789,737 828, 114 781, 318
Stocks:
All positions (computed)
6,000
6,135
5,975
end of month
thous of bbls
» 3, 532
Held by mills (quarterly) ..thous. of bbls.. 3 4, 126

9,843 j

7,642

6,686

8,711 |

8,281

522 I
640 ;

467
1,005

490
821

481 i
789 ;

326
761

5,992 ! 5,932
j 44,412 i 45,362

5. 033
35, 893

:
;

4, 21 !

5.304 1 4,719
36', 946 i 89, 127

8,654

8,738

9,622 i

9,846

415
762

392 ; '
945 • :

602
802

5.169 ; 4,607
40; 137 j 37, 939

4,831 :
42,529 ; :

5.22(5
41,307

561 I
715 ;

4. 13

4.75

4.85

4,71

4-87

4.85

4,96 r

4. SO

4. 14

4, 02

4.00

4.00

4.09 !;

4.03

1, 183

1, 058

'

2. $8

3. 18

4.12

i

1,333 j

1,319

1,121

! 9,658 ! 9,852
i 10,614 i 9,847
1
58
59
; 785, 106 i 802, 424

7,763
7, 981
47
647, 400

8,015
8, 464
8,739
9,134
50 i
51
C63, 303 : 702, 189

6.131

6,000

4,800
» 2. 830

6,386

6,821

7,074

7,791 '•• 8,477

404,731

424, 672 \ 421, 252

4,857 !

5,618

1, 164 i
8, 724
9,275
52
713, 507

1, 035

1,086

1.170

8, 242
8.750
58
678. 79f-

9, 232
9, 937
55
761,935

S. 973
9. 888
f,4
;.vi.2io

5,620

6,370 :

10,082

10,576

12,204 I

9,819

379,405

335,603

384,754 !

397.741

72S 398 :
75, 285
902 i.
1,207
381,531 j 39S, 7-il

?

5,526 !
3 712 i

3

7,000
4, 016

MEATS
Export value, meats and fats.-thous. of dolls..

7, 305

6, 020

7, 145

6,321 !

CATTLE AND BE IF
Beef products:
Apparent consumption
thous. of lbs_. 379, 927 2343,245 448,863 404,928 ! 432,312 416,822
Cold-storage holdings, end of month
thous. of lbs_. 53, 262 2 39, 158 34, 407 35,171 ! 39,050 41,055
1,189
1,604
2,077 <
1,837
1,497
Exports
thous. of lbs_.
1, 046
Production, inspected
thous. oflbs.. 393, 399 349, 598 446, 798 400,752 : 430,695 j 411,952
Cattle movements, primary markets:
905
1, 037
961 ! 1,009 !
930
Local slaughter
. .. thousands. .
907
1, 866
2, 137
1,797 i 1,821 I
1,488
Receipts
thousands..
1, 453
Shipments, stocker and feeder
. _.
thousands..
487
582
381 1
251 i
124
245
905
1, 096
861
756 1
561
607
Shipments, total „ _ _ _ _ _ .
thousandsPrices:
Beef, fresh, carcass, good native steers,
. 164
. 156
.148
. 144
. 129
.157
Chicago., __
dolls, per lb—
Beef, fresh, carcass, steers, New York
.172
. 175 !
. 173
. 165 I
. 158 !
,145
_
dolls, per lb._
Cattle, corn fed, Chicago
9.34
10.20 !
9.25
8. 66 I
8. 62 !
7. 25
dolls, per 100 lbs_.




« Revised.

» Q uarter en ded

in month Indi sated.

45, 548
1,573
400, 529
968
1,540

49, 448 1 53, 150
1.468 |
981
419, 124 412, 757

61, 111
1, 444
374, 151

67, 622
961
330, 321

1,036
1,817

860
1, 535

812
1, 303

897 !
1,508 ;.

1,015
1,736

222 ;
607 j

332
1,015

980
1,551

\

111
552

153 i
561

175
581

146
546

147
486

;

,129

.143 ',

.160

. 169

. 178

. 195 !

. 145

.155

. 172

. ISO

. 196

.205

.205

7. 32

7.68 '

8.56

9. 08 ,

9. 11

10.00 I

10.58

i

* As of Dec. 1.

•Fiiisl estimate for 1930.

. 195

31

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for Hems shoton here man \ _._
be found in the 1.931 Annual Supple- n ei1 1 xr
ment to the Survey
V^ '"
u »ra- Ooto,,,r Se^eu. August
!

July

1930

June

May

April

March

Febru- January
ary

December

1

FOOf>SWFFS--C0rt imcd

i

TiOGS A N D r<>:jj;

Hog 7'io^'nonts prnrmr> ruarkfts
?
I o-'*»' staiiphtfcr.- th-ni-auds, o("i
2, 24J7
IJicfipt*.
. .
. . th« n f m d h .
' .. '<.
3, 7 2
Mn{'! lords-, stoi'kc " and fef.cr
... _ _ tiu»^«ai>J$.
!0
f"2
"- > i i ! > f ' i f hi?, f o < a s
._
ihoii^T.ds
' ' _t
1, 4J7
Li' d uncludec i.° r< f\ p r o d i - r i s ^
roid-storaee holding, end ,>f L M.J,. ._ ,
_.
"ivu^ Oi dip
•
% * }J J , > ~ i
r\>K>rt3.
_.
_ % »iu- < < f n , >
f "j
~>. X>Z
1
i^odnf-noi),- . -.
t'i"> ' o. 1! ;>
i '
">, - 0
P^rk ^roducuo/i
Vppuivni > onsunp*i'jT!__. .l~jm. u f j ' i
< " V 7*
\», 2L
' "old-storage holdings, pry] «^f ii-oi/i
!\.lai
th »:*?. < ; ll>
i,
) ' 3 ' 1 S/
rn'bh and «Mnd _. ., t h ' u > o f l h ?
* n ' 1 > l < > , 503
tv, \ i i o r t s
c
(
Total
Uiui' i-f Ibs
j c ol
18 ' "* ±
« ) t l u r j - r o - ' t u U ihar 1-u'l
.. . ti oas ofibs.
in, ,'V
M, On
I'foc' ih-( ion, inspected ._ ~ th'»us c f l b s . s w ~ 17 078, -"2
i'ru-vs.
Haras, smoked, Ch^tgo.. -dolls per lb
.1 ,
^2
jlc^s, heavy, ^hic'igo-. dolL. per luGll??
4 —
i 61
I ard, prune euntra< 1, M< w York
..
... ._ dulls, per ID.
.' <
071 1
, ilf ! ts \ N D ^ A M K ^

2,155
j, 402

i,t>63
2, 727

1, 398
2, 454

1,474
2,511

1,773
2,854

1,841
2, 938

1, 983
3,067

1,962
3,207

2, 293
3, 704

2,907 ;
4,652

2, 400
4, 002

72
I, ,}t

55
V*02

49
1,045

37
1, 039

36
1, 072

33
1, 099

36
1,088

31
1,234

37
1,417

45 i
1,739 i

41
1,512

96, 047
34,610
91, f>80

121, 926
33, 824
109,265

115, 561
37, 786
123, 263

103, 366
39, 623
126, 323

95, 693
44, 769
129, 090

78, 249
58, 395
127, 516

74, 977
68> 760
147, 632

62, 624
68, 882 :
180, 062

.". 1,434
1 ->, 1 14
i 50, -,3S
< OK, :V2"

^.7(>fi

h < -"at)

r -,7
iio, j2!

}7>7PO
07, i ; ,

07'* v/Ii

00 , ^ 2

F52, 387

540, 228

585, 146

581,110

523, 963

563, 934

508, 890

663, 947

120 661
,<8G, y, r >

H 4 ,18^
17^,5*7

091, 110
595, 003

833, 737
711,811

890,212
774, 651

931,117
827, 751

963, 217
867, 524

921, 920
843, 671

928, 385
853, 408

788, 888
726, 264

,"

1

131

b 55U

48, 032

49, 193

63, 226

55, 557

59, 400

73, 610

83, 470

86. 902

(d, H4

12,587
T i l , 17 J

10,7hO
j02,C73

13, 522
457, 105

15, 369
532, 757

15,440
597, 185

15,934
604, 427

14, 637
624, 301

15,215
630, 661

14, 710
731, 633

18, 020
962, 175

! 0,020
798,311

,18.
o. il

.IfeC
\7L

. 185
0, 35

.173
6.24

.174
6-39

.182
6.40

.184
7.08

.187
7.18

.195
6.73

.207
7.34

.213
7. 91

.080 .

.075

. 075

.082

.083

.082

.090

. 094

, 085

. 090

. 100

58, 351

54, 679

55, 333

54, 604

59, 095

54, 949

50, 967

58, 195

r.r>, 34 s

1,975
58, 466

1, 892
53. 947

2,085
55, 678

2,371
54, 433

2, 529
58, 579

3, 003
54, 480

3, 573
50, 511

4,081
57, 642

4, '177
.95,453
2. 93

j

Lan b hiid iiui*t«n:
Apparent .< n^umptiuii _ . thoas. o f i b h - 59, 7 < i 2 5G, 499 60,436
00,792
f 'old stoi ifi holding, t.i.d of murilh
.
. ...
taous. o f l b s v "iO J l» 985
],97f>
1.908
Prod'KtH j, "" pe< f jd
_ t l • u \ of Ibs
»>0, 047
56, 545
66, 54G
tiO, 751
I'i ires—
|
cheep, « v v t s , CLicj ( i^
d«.lls. per 100 Ibu.
j.oo 1
* .00
1.C3
1,63
Sbeop, lainbs, Chicago i
dol] >. per luO Ibs
4 l-')
4 .98
5,70 ;
5.94
Sheep movomenis, primary naikets:
1,500 1,461
Local olangl tor.. „___..,
.thousands..' 1. 30."
1, 281
Receipts..
thousands-2, 1S2
2, 811
3,958
3,900
Sfcipmepis storker aud fee-le^
055 ! 1,181 ! 1,104
thousands
^1J
2, 468
2, 455
^hinraeuts, tot'il
tLf'iS-^ndc
"l '
U o20
M isoellant ous ^H^P i s. • r
Cold^tora^e b{,i';.ju .-,
flnd of month.. ..
,
tiVnv cf bs
» ' J * nO,i v i l
48,744
50.881
Total n.oats:
i, 19]
1,007
\pp-iicn c o i i M j - n p i u - ' i
h u ' ^ v>i !!)>.
•
- ^ . 020
Ti,Kj -:<„ igp h < , I d , i ^«-,
02;i ;
500
038
904
I'r* dutiio".. .
.
,. ' s s . o f l h s
',,,;>.
i, 085 ; j , 125
Prv

1931

L 98

2. 56

1,55

2,44

3.29

3. 79

3. 09

3.44

5.95

6.06

6.98

8.36

8.76

8.27

8.31

7.98

7. 40

1,474
3,270

1,342
2, 535

1,384
2,587

1,484
2,810

1,410
2,713

], 157
2,119

1, 056
1, 904

1,201
2, J75

1,230
2,307

718
1,734

243
1,190

289
1,214

176
1, 353

189
1,304

103
948

105
908

184
979

282
1,081

66, 334

69, 026

75, 469

79, 331

81, 359

85, 678

92, 744

93, 747

8 1, 169

1, Oi3

1,012

1,045

1,060

1,004

998

895

1,107

1.002

798
946

946
999

1,014
1, 003

1, 062
1, 078

1, 100
1,096

1, 072
1, 059

1, 092
1, 112

959
1, 401

737
1,254

32, 762
22, 164

35, 348
17, 252

45, 920
17,443

69, 986
20,600

95,188
26, 008

101, 307
34, 472

104,913
73, 314

133
80.1

137
81.8

ITUT

C'old-Btorage hcldinj. s Pii<' "f
month.,.
Receipts at 6 markets .. _ .

i
thous. o f l N ' l i » * 7 i *89, 971 ! 05,068
tlious. of Ibs.
7 >, U * i 64, 731
30,377

50,215
32,409

43, 056
28, 055

119
72.9

120
73.7

119
73.1

118
72.4

121
72.9

124
75.6

126
76.7

127
77.1

134,330 i 100,992
97,725 ! 109,613
GOO
702

215,110
126, 016
754

203, 030
119,664
843

148, 624
93, 548
930

137, 205
118, 514
982

94, 865
238, 872
1,007

134, 928
546, 538
844

168, 450
429, 676
461

36, 438
24, 87 1

Pr!c«^
Retail food (Dept. of Labor)
Wholesale food

.rel. to 1913. .i
rel. to 1926..

117
7
0.9

114
f:-S. i

118
72.0

Sugar
Cuban movement (raw);
Exports
long tons !
Receipts at Cuban i>orts
__lone; tons. J
Stocks, end of month. thous. of long tons— :
Prices:
Retail coverage, 51 cities...... rel. to 1913-.:
Retail granulated, New
1
York
dol's. per Ib
Wholesale, granulated, Now
j
s
York
dolls. p«" r lb i
Raw:
I
Imports—
;
From Hawaii and Porto
Rico
-- -long tons- ;
Prom foreign countries
Jong tons. - |
Mol^n^s S ports
loni* tons <
Stocks at rei'UierieSj end of
month
,
._ ..
long tr*Qa.J
Refined:
Exports, including maple.... ..long tons..
Shipments, 2 oorts __
.__longtons
Stocks, 2 ports
...Jong tons-

l.V> 71-1 146, 102
101, oi4 101,278
623
5(5 1
102

102

0.^1

052

.052

042

044

.045 ;

104

104

102

102

102

104

106

107

107

107

.052

053

*051

.050

.050

.050

.051

.053

.053

. 053

.045

.045

.046

.044

.043

.044

043

,045

.046

.040

82.062 120,970
180,928 , 202,564
328,310 41-4,066

135, 228
397, 042
376, 715

14SV 636
324, 848
469, 609

143, 382
239, 085
383, 157

161, 260
161, 816
332, 556

135, 457
279, 578
403, 337

150, 951
364, 493
351, 169

181, 980
212. 453
290, 337

5, 590
81, 700
122, 071 ! 300, 500
207, 000
258, 585

1S7, 552 245,094 ; 321,815
;
2,007"! 3, 598 ! 4,304
4.365
5!,,'i78 ! 41, 538
48,208 ! 60,502
31,220 34, 486
33,047 i 41,171

429, 229

367, 252

400, 567

463, 730

445, 635

420, 650

329, 324

293, 938

305, 208

3,896
76, 412
37, 116

3, 952
98, 879
30, 481

4,329
78, 583
35, 030

3,338
57, 670
32, 632

5,332
65, 633
43, 880

4,612
49, 077
54, 665

3,085
54, 570
29, 070

3,572
42, 717
34, 019

4, 723
33,645
42, 555

7 ; 977
,235

6,578
,225

6, 953
,225

4,135
,225

6,184
.225

7, 995
.225

5,223
,325

7,289
.225

:
•
39,!91 '• 53, 741
178.709 135, 308
231, 740

Tea
Imports
,. tnous. of H>s
Price, Formosa, firu^ New York.dells, per lb..
' Revised.




;

100 i

231,039
86, 518
105, 726 j 150.277
009
80 j

;
7, 74S
.217

l

|
i
7, 813
10,271 :!
225 |
. 225

8,508
. 225

8, 029
. 225

32

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931

D^m--Nov«u.. 0 c t o b w ! Septan. August j July

1930

i April j March

Febru-

120,501 ! 143,558 i 135,771 i 73,818

67,792

lime

May

Decem

i___________ ___

FOREST PRODUCTS
Lumber
ALL TYPES
Exports.....
_
_M ft. b. m_.
New orders....—
rel. to 1923-1925..
Production index (elect, energy
consumed)1
.
rel. to 1923-1925..
Stocks, end of month
rel. to 1923-1925..
Unfilled orders, end of month.rel. to 1923-1925..

87,520

i

67. 0
100, 4
....i

77,877

26.1

76. 4
* 103. 2
22.5

85,234
29. 2 :

82.2 !j
98.9
24.2

89,502
j31.3
82,2 I
104.4
29.0 i

99, 633
33.4

79.4
103. 8
33.7

120,354
S5.2
76.9
103.4 .
38.2

47.7 !

35.6 :

41.5

40.3

86.3 !
100.4 !
51.4 !

97.2 i
105.5 i
48,1 '

91.5 !
104.3 !
40.2 I

93.2
105.9
48.8

84,2 !
108.2 !
47.7 |

128, 424
33.8

35.7
82.6 •
110.3 !
46.8 !

73.3
116.5
44.7

RETAIL MOVEMENT
Retail yards, 9th Fed. Res. Disk:
Sales- _ — _ —
—M
Stocks, end of month
M
Retail yards, 10th Fed. Res. Disk:
Sales
_
........
M
Stocks, end of month
M

ft. b. m,.
ft. b. in..

2,932 a 6, 379
63, 374 * 65,480

68, 318

9,255

ft. b. m_.
ft, b. m...

1,697 i 2,599
34,183 i 84,718

35,207

3,481

8,513
73, 274

8,314

73,002
3,249

3,280

3,745 !

K.U384
8, 451
79,017 ! 80,051
3,432

30., 245 j 36, 960 | 37,279 | 37, 718 !

3, 421

38,816

3,494
5,236
8L15S j SO, 251

3,563
76, 552

3,368 !
39,534 '

4,145
70, 531

2.530

37, 739

FLOORING
Maple:
New orders....
......—M ft. b. m_.
Production.
..__.__.M ft. b. in..
Shipments
...
M ft. b. m_.
Stocks, end of month.
_ _ M ft. b. in,
Unfilled orders, end of mouth.M ft, b. m_.
Oak:
New orders..........._.M ft. b. m,..
Production
M ft. b. m..
Shipments
.
M ft. b.ra_.
Stocks, end of month...
M ft, b. m_.
Unfilled orders, end of
month
.
M ft. b. m..

1.905

3,045

1.811

24,271

3,491

21,010
15, 738

17,152
83,420
29,353

HARDWOODS
All hardwoods:
New orders
...mill. ft. b. m.
Production
...
...mill. ft. b. m.
Shipments
_mill. ft. b. m.
Stocks, end of month-Total
__....mill. ft. b. m.
Unsold
.......mill. ft. b. m.
Unfilled orders, end of
month
..
....mill. ft. b. m.
Gum:
Stocks, end of monthTotal
.
...mill. ft. b. m_
Unsold
mill. ft. b. in.
Unfilled orders, end of
month
...mill. ft. b. m.
Northern hardwoods:
Production
...
....
M ft. b. m.
Shipments
....
.......M ft. b. m.
Oak:
Stocks, end of month—
Total..............
mill. ft. b. m.
Unsold.
..mill. ft. b. m_
Unfilled orders, end of
month-.-..
..mill. ft. b. m_
Walnut logs:
Made into lumber and
veneer
M ft. log measure.
Purchases
M ft. log measureStocks, end of month._M ft. log measureWalnut lumber:
New orders
M ft. b. m.
Production
M ft. b. m.
Shipments
.
...M ft. b. ru_
Stoeks, end of month
M ft. b. m.
Unfilled orders, end of month.M ft. b, ni-

125
134
125

3,319

2,863
456

611
511
100

8,147
8,021
1,029
935
95

1,146
1,204
111

1,203
1,184
1,187
17, 670
3,118

SOFTWOOD

California redwood:
New orders (computed)
.M ft. b. in.
Production (computed)..,
M ft. b. m.
Shipments (computed)
M ft. b. m.
Unfilled orders, end of month
(computed)
M ft. b. m.
Douglas fir:
ExportsLumber
M ft. b. m_
Timber
.
M ft. b. in.
New orders
M ft. b. m_
Price wholesaleNo. 1 common.,..dolls, per M ft. b, m . _ , 11.09
Flooring, l x 4 " B "
and better, V.
23.51
G
...
dolls, per M ft. b. m.
Production..
...M ft. b. m_ 102,51]
Shipments
.
M ft. b. m. 113,703
Unfilled, orders, end of month.M ft. b. m. 85, 501
North Carolina pine:
Production (computed)...
M ft. b. m.
Shipments (computed).......M ft. b. m..
Northern hemlock:
Production...........^...—.M ft. b. m.

8hipments.......».v.,.,.».....M ft. b, m..




17,857
23, 048

20,307

22,766
53, 718
12, 859
189, 355
12. 99

24. 35
115,941
120, 684
105,197
26, 670
35,350

25.63
25,48 i 25.29
149,962 155,334 ! 171,897
102.049 ! 106,525 [! 175,030
81,472 125,341 111,017
27,370
B3? 110
3,928 '

y,8ii

2o. 7(5 | 25, 98 28, 33 | 29. 74 31.14
149.007 199. 601 206,813 I 201,889 186, 222
J 73, 240 I 197,413 221,586 200,099 195, 622
165,030 I 162,944 135,637 215,766 196, 517

30,233 I 31,241
31, 780 1 34,454

24,'140 ', 24,276
33,320 ; 32,375
4,804 !
7,531 I

9,991

7,884 :

10,123 j 10,013 !|
8,640 ! 9,554

9,893
?9894 i

8,616

7,437

27, 4S9
33, 250

8,583
5,432

31. 65 !

31.33

179,059 I 160, 258
186,669 ! 178. 164
181,745 i 182.640
24,313 i 24,129 '
32,417 i 32,844
6,085 I
5,508 !

6,328 '
8,094

31.73
167, 420
174, 583

188,012
28, 350
30, 317

5, 812

4}955

SURVEY OF CURRENT BUSINESS

February, 1932

33

MONTHLY BUSINESS STATISTICS—Continued
1931
Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem- Novemment to the Survey
October B ^ - J A u ^ t j July
June
ber
ber

1930
May

April

i i
M arch i Febru- January Decemary
ber

FOllEST PBODUCTS-Contlnued
Lumber— Continued
SOFTWOOD— Continued
Southern yellow pine:
ExportsLumber
M ft. b. m__
Timber
M ft. b. m_.
New orders
._
M ft. b. m__
Price flooring dolls, per M ft. b. m..
Price index
rel. to 1926. .
Production
„
M ft. b. ra..
Shipruents
M ft. b. m
Unfilled orders
M ft. b. m
Western pine:
New orders
mill. ft. b. m..
Production
mill. ft. b. m .
Shipments
mill. ft. b. m-.~
Stocks end of month
mill, ft b. in

1
25, 793
4,636
72, 751
26.31
58.3
77, 749
73, 059
50, 925

18, 425
4,056
111,307
26.31
58.3
110,803
108, 668
62, 013

20, 895
5, 017
134, 757
26.49
58.7
117,241
142, 254
58, 464

18,936
5,663
138,204
27. 21
60.3
116,511
142,170
74,235

21,958
29,925
i 7,888 ! 8,745
! 151,484 i 146,860
! 27. 78 ] 27. 82
|
61.4
61.7
i 119,828 121,994
!
155,511 ! 151,488
i 82,551
83,013
i
'

127
125
125
1,225

128
137
119
1,245

30,278
12,535
140,322
28. 15
62.4
126,739
138,663
83,475
114
156
125
1, 230

1
! 34,067
32,544
1 5,827 i 10,256
! 157,920 169,015
! 28. 82 ! 28. 32
!
63.9
68.2
! 148,048 165,325
165,004 180,306
j 83,958 104,307
i
i
107
141
!
135
141
122 ,
125
1, 204 i 1, 196

22,478
6,261
174,020
29.66
65.8
164,929
175,742
121,401

21,309
i 4,935
i 170,709
! 28.42
1
63.0
I 153,831
! 163,926
106,932

109 !
112
120 i
1,174 |

112
66
107
1,174

33,509
8,163
190,985
30.73
68.1
165,065
182,679
116,193

!
i
:

i

87 ;
63 i
107
1,218 |

35, 873
9,029
146, 465
32.51
72.1
157, 143
145, 110
99,036
111
85
108
1,262

VENEER
iRotary-cut veneer:
Receipts..Purchases

no. ofcarloads_.
no. of carloads

1
i

85 '
64

78
92

99
99 I

79
54 i

83
59

105
82

118
118

101
138

111
112

Furniture
Household furniture and case goods:
Grand Rapids districtCancellations
per cent new orders..
New orders
no. days' production.Outstanding accounts,
end of month
no. days' sales..
Plant operations- ...per cent full time_
Shipments
no. days' product! on. .
Unfilled orders,
end of inonth_no. days' production-Southeastern districtShipments
dolls., av. per firm
Unfilled orders, end of month
dolls., av, per firm..
Steel furniture. (See under steel manufactured products.)
Wholesale prices:
Beds
..rel. to 1926..
Dining-room chairs, sets of six. rel, to 1926—
Kitchen cabinets
rel. to 1926
1 ivlng-room davenports
rel. to 1923 _

8.0
11

6.5
15

8. 5
14

8. 0
16 i

7- 0
15

6. 5
18

4.5 [i
27

13.0 1
9 :

8.0
13

12.0
14 j

6.0
13

7.0
16

16.0
15

31
56 5

35
72.0
12

38
83.0
17

39
72.0 !
19 1

36
73.0 i
16

32
80.0
14

32 !
74.0 i
12 j

31 i
70.0 i
11 ;

33
67.0
13

34
84. 0
13

:

ii

35
63. 0
13

42
68.0 !
14

43
71.0
17

12

13

11

15

22

23

11

15

15

17

18

17

64, 122

66,042

59,223

55,063

43,077

46,431

52,390

62,382

50,858

36, 692

29, 051

22, 100

42, ISO

47,706

47,997

56,865 ! 19,338

28,248

29,798

34,160

31,781

14, 400

90.7
94.0
102.9
92.3

90.7
94.0
102.9
92.3

90.7
94.0
102.9
92.3

91.4

20 |

73.1
91.0
100.1
82.0

73.1
91.0
100. 1
82.0

80.4 !
92.1 !
100.1
84.2 |

82.9 i
92. 1
102.9
88.2 i

85.2
92.1
102.9
88.6

:

1

79.8

81.6

82 5

85, 0 [

88. 7

89. 4

88. 0 !

85

2 77

82

97

104

101

79.2
84.2

75.2
282.2

81.8
80.4

81.9 i
80. 1 i

77.1 !
77. 4 ;

83,8
77. 6

85.2
93. 0
102.9
89,8

90.7
94. 0
102.9
93.2

90.7
94.0
102.9
93.2 1

87. 6 !

87. 5

87.6

86.9

88.7

100 ;

107 ;

102

92

87

78

81

85.4 i
78. 2 !

81.0 :
79. 5 '

83.9
80. 3

71. 2
81. 2

76. 1
82. 1

71.6
85.3

68.7
86.4

i 3.337
! 4,404
1 6,160
1 4,453
! 19,616

1.818
6,867
6, 292
3,280
19,468

],339
4,149
3, 991
2,890
13,417

2, 067
5,186
5, 863
4,040
20, 211

2, 126
6, 781
6,154
3,313
20, 471

85
154
32

58
161
32

69
166
37

75
170
53

559
353
4,142
1,223

651
379
5, 362
1,426

692
398
4, 647
i , 426

.107

LEATHER AND LEATHER PRODUCTS
Prices, wholesale, composite rel. to 1928
Production index (Fed. Res. Bd.)
rel. to 1923-25..
Production ind^.x (eiec. energy consumed)
" rel. to 1923-25Stocks end of month
rel. to 1923-25-,

Hides
Imports3,164
2,327
?,, 26o
5,05*
Calfskins
thous. of IDS— 2, 739
10, 846
9, 473
11,934 1 11,870 ]
Cattle hides
thous, of Ibs, _ 4,261
o, o33
4,783
6,858 !! 7,556 :
Goatskins
_-thous. of lbs._ 3,879
4, 472
2.333
3,360
3,368 i
Sheepskins
_
thous. of lbs._ 3, 481
Total, hides and skins. .„. --thous. of Ibs-- 16, 712 20, 492 25, 856 27,445 ! 29,513 I
j
i
Inspected slaughter of livestock:
CanadaCattle and calves. -thous. of animals..
66
75
80
80 ;1
78
247
259
247
204
162
Swine
thous. of animals..
55
193
98
Sheep and lambs—thous. of animals..
117 ;
81
United States614
781
687 '
727 !
Cattle
thous. of animals
407
Calves
thous. of animals..
355
393 i
357 !
3,772
Swine
thous. of animals _
4,218
2,955 ! 2,500
1,804
Sheep
_thous. of animals _.
1, 505
1,667 i 1,598 I
Prices:
Packers, heavy, native steers (Chicago)
. dolls, per lb.._
.082
.077
.078
. 090 !
. 113
Calfskins, No. 1, country (Chicago)
dolls, per Ib _
.085
.083
.078
.098
, 129 \
Stocks, end of month:
27, 413 i 28, 325 i
26, 977
27, 089
Calf and kip skins
thous. of Ihs..
221, 891 217, 394 221,343 i 212,299 '•
Cattle hides
thous. oflbs..
33, 152
33, 659
34,649 1 35,376 j
Sheep and lamb skins
thous. oflbs..
282, 639 277, 523 283, 405 1 276, 000 ;
Total hides and skins
..thous. oflbs..
Raw
Sole and belting:
Exports (sole only)
thous. of Ibs
Price, oak, scoured backs (Boston)
_.
dolls, per lb...
Production—
Sole only.thous. of backs, bends, sides.,Sole and belting
thous. of Ibs
Stocks, end of monthFinished
-thous. of Ibs..
lu process of tanning ..thous. of lbs__
He vised.




280
.32

309

531

.32

.35

1,003
17, 053
87, 229
68, 705

546 |
. 39 ;

459 ;

6,211
9.313
7,686
3,472
28,332

3,646
7,528
9,321
3,313
26,053

1
j
!
!

86.8
94. 0
102.9
89.8

^

4, 512
6,812
i
8,274
i 3,091
i 24,437

:

i
1
!
!

77
148
71

92 i
164 !
56

103 '
158 :
23 i

101
172
27

706
356
2,7*57
1,491

667 i
417 i
3,251 i
1,516

704
425 i
3,408 i
1,444 i

690
471
3,488
1,493

. 120

,100

.085

.092

.090

.073

.095

. 139

.129

.129 i

.135

.128

.117

.125

23, 132 i 24, 104
223, 182 225, 315
34, 168 ; 33, 172
280,482 282,591

26, 707
235, 649
33, 296
295, 652

27, 553
237, 392
34, 489
299, 434

1,128

29, 033
206,317
35.223
270, 573

652

. 40 ;

.37

1, 127
19, 531

1,088 '
1,160
18,765 | 19,837 :

1,097
19,281

83, 463
69, 850

80,773
81,319
81,906
69,172 ! 68,931 ; 67,212

26, 027
209,697
34,034
269, 758 ;

. 144

1,143 ;

983
.37

24, 150 ! 23, 662
216,400 i 220,846
35,026 1 32,926
275, 576 1 277, 434

635
416
3,523 {
1,324 ,

:

1,075
19,522 i

1,442

949

713

726

.37 |

.37

.37

.37

.38

.40

984
951
18,219 | 17,386

1, 087
19, 559

1,226
21,993

91,827
73, 261

90, 878
74, 135

1,034
1,137
18,388 j 20,406

88,044
85,626 i 85,848 i 87,196
67,070 , 67,938 ! 68,933 - 71, 122 i

0,321
2, 488

SURVEY OF CURRENT BUSINESS

34

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple- j y^™ ! vr ft vpm
ment to the Survey
; D ^m~ j ber ' October S^'i August

1930

1931

July

June

May

April

Febru- January
ary

March

December

1
LEATHER AND LEATHER PRODUCTS— Continued
!
Raw— Continued
Upper leather.
Exports
thous. of sq. ft j
Price, composite, chrome, calf, black "B"
grade
dolls, per sq. f t . . '
Production
thous. of sq. ft
Stocks—
;
Finished
thous. of sq. ft.. i
In process of tanning-.thous. of sq. ft..!
Manufactures
Gloves and mittens cut
- dozen pairs.. '
Shoes:
,
Exports
thous. of pairs-.

!
i

i

7 926

6,529

6,635

7, 463

9, 234

9,211

8,752

9,347

7,700

9, 133

8,118

. 323 ;
330
48 262 • 60 682
;
|
; 272,328 !' 267,705
115, 023 116, 578

.337
65,543

.348
69,626

. 350
67, 234

. 352
63, 229

.356
60, 542

.356
62, 536

.352
61,515

.354
54, 708

.359
52, 225

.367
57,888

254,306
126,146

250,478
131,095

246, 424
128, 425

250; 612
126, 684

254, 142
124, 330

257, 195
125, 722

261, 057
127, 867

264, 392
128, 907

272,866
129,513

280, 856
127, 785

226,754

223,837

154, 205

182, 077

171, 968

191, 120

175, 988

158, 485

162, 388

142

132

140

167

194

177

185

130

130

6. 75

6.75

6.75

6.75

8.75

6.75

4. 49

4.60

4.60

4.60

4.60

4. 60

3. 25

3.25

3.25

3.25

3.25

3.25

27, 839
7, 244
1, 605
9, 596
2, 835
2,974
3, 585

28, 452
6,735
1,647
10. 058
3,128
2,812
4,072

29,364
23,971
29, 888
6,641
6,254
5, 687
1,654 ! 1, 438
1,768
11,042
11, 888 ; 9, 644
3, 712 I
3,846
2, 983
2,454 ! 2, 045 1
1, 370
4, 137 i
3, 811 1 2,849

19, 889
5, 250
1,418
7,573
2, 495
853
2,300

57.9

6 ^18

9 718 !

320 •

]2 } 569

<»

i
< 243 948 ' 233 394
!
i
'
i
136 j
136

Men's black calf biucher
|
(Boston)
dolls, per pair.
Men's dress welt tanned calf, oxford
(St. Louis)
....dolls, per pair-.:
Women's black kid, McKay
<
sewed
.. .dolls, per pair. _ i
Production—
i
Total
thous. of prs-.J
^ien s ~ - ~ ~AT~,
th ,
-t .
rioj s and youtn^ — _ _ _ i o ... u {..i... _ .
VVO-Ilt/ti » _ _ _ - . - _ _ _

^

Clippers all tvocs
A ii otiier looiw ear

|
j
6 31 !
6 55
8. 75
6. 75
6. 75
6. 31 j
i
4.35 '
4.35
4. 35
4. 35 .
4. 35
4. 3o j
•
3 15
3 15
3, 15
3. 15 i
3. 15
3
-°° i
; 18470 2 2 5 3 8 1
31,293
33,475
28, 614
7, 349
7,423
8,245
°' V
« it^
1, 739
j, ^td
o ' l o o ! 1,991 i 2,078
10, 400
11,883 i 13,103
«...
! --,
;
', ' or''
0 n i -2, 846
i 2.785 i 3,140
thous of ITS --•
4 311 2 4 717
4; 171 I 3,931 3,431
us. i • . _ - ,
i,yio
^.o-i
2, 849
3,040 | 2,978

IRON AND STEEL

208

6.75
4.72'

3.45
17, 537
5, 034
1,262
5,401
2,003
2,044
1,793

!

New orders
rel *-o 1923-25
Production iride^ (Fed. Res. Bd.)
i
. .
rel. to 1923-25..!
Production index (elect, energy
!
consumed)
re 1. to 1923-25. :
Stocks, manufactured goods, end
of in OB th
rel. to 1923-25 \

35 0

4° 6

!
$ ;

40

43

/0. 0 !

77 0

73 3

78.3

78.9

83. 1

86. 6

106. 8

108,1 i

119, 4 1

1244

Pf» 3

123.3 J
53,0

128.7
53.4

130. 1
57. 3

136. 6
60- 3

138.9
82.4

142.8 ;
67.4 I

1,470
99

1,052
92

1, 832
128

2, 114 |
122 i

2, 675
194 !

2, 826
163 !

2,835 i
169 i

.*. 191
1, 7.-J5

2 369
1, 428

599
658

9
106

1, 769 1

176

3

±24.0

56. 0 |

Ore
i
iron ore:
i
Consumption
thous, of long tons. J ! 1,230 !
In"! ports"
thous. of long tons
90
Receipts —
Lake Erie ports and
i
furnaces _
thous. of long tops -Ion ;;/ tons

;

long tons

-

1

long tons

iron — Crude
Gray-iron castings:
Production
av. tons per foundry...
New business..
,.av tons per foundry..
Unfilled orders.._
av. tons per foundry..
Material received...av. tons per foundry-..
Material on hand...av. tons per foundry-.
Malleable castings:
New orders
.
short tons..
Operating activities__.per ct. of e-apnt-ity..
Production
.
short tons..
Shipments
....short tons..
Pig-iron production:
Canada
thous. of long tons..
Merchant furnaces
thous. of long tons..
United States, total.-thous. of iong tons..
United States, total...
rel, to 1923-25..
Pig-iron furnaces in bbsf, end of month:
Furnaces, end of month
...number..
Capacity, end of month-long tons per day..
Prices, wholesale:
Basic (valley furnace).-dolls, per long ton..
Composite pig-iron____doiis. per long ton...
Foundry, No. 2, northern
(Pittsburgh)
dolls, per long ton..

"37
!

-

-

long tons. .:
long tons..;-

1,451 1
70 ;

1,311
0.4

^
^ *

i

isi
,(!•>
< L

8

9

r

56. 2

59. 0

51

59

64

( ;

i 179

3 ( >-*
u> i
?

46. 8

!

46

i

Shipments from mines
thor'S of
Stocks end of month —
At furnaces
thous. of
On Lake Erie docks
„„._. thous. of
Total
..thous. of
Manganese ore:
Imports
thous, of

157, 079

,

i

-

>

C (>
,t,

C,/ .

?

,K
_<

83.6 i

72

1

75

74.5 !

59.9

70.9

66.9
64

59

116.5

103.4

110.2

145. 7 1 139.7
69.6 !
68.6

141.7
71.6

146.4
76.3

2, 350
150

2, 339
176

;

0
0

0
0

0 i

78 i

73

2, 368
95
0

0
0

o

r*

4, 9f >'

3, 80S i

0

0

^ ,

^,451

1H PSfl :

21.9B8 i 23,292

25,751 i

28, 247 | 30, 430

32, 618

* yt

5, '57

5, 147 ! 5, 430
27, 115 I 28,722

5, 765
31, 516

6,011 i 6, 190
34,258 j 36,620

fi, 331
38, 949

17

29

r» ^ f

5/71 1 J',817 ,H7U
22
38 i
37

21

33

120
105
77
1^4
23*>

12°
123
Q3
14^
252

0

2

10

!

111
xv
7 GS
3 ~"
200
19, 493
2G. 1
21.200
19,970

2

18. 658

2 IS. 4
217,736
17,990
2

14
980
32.8
56
29, 365

1, [03
3;».9
07
35,SiO

218,233

220.5 :
220,161 i
2 17,473 ;

] 7,610
18.fi
18,193
18,387

18

12
1, 173 i
39.3

1,169
e'j. 1 '

99
7Q
70
T3
231

101
02
70
117
226

108
82
60
\{n
229

;
!
18,4?4
19,400; 22, 176
28,328! 36,086:
19.0 20.1
24.5
32.2
36.3:
IS. 531
19,943
23,837' 31,450
36,076!
20,513 j 23.5J1
28, 132 j 36,540 37,693;

23
2 <; V
1,2S1
42. 0

40 '
371
1,463
49. 0

5<">
3Q,6
1,039
54. 9

73
76 i
82 \
91
38,600 : 39,085: 45,230, 50,855

70
3(1530 ;

[

!
'
!
j

51
54
410
^04
1,994 2,020.
66. 7
67. 6
105
61,085

113
66,980

122
108 i
101
134 :i
107 i
97
98
8<* i
68
S3S '
1^£ '
131
261
268
309
i
!
34.331 ! 32,566 j 32,676
35.9!
34. 4 1
31.5
3 5 , 2 J O i 33,587! 31,267
36, 677 i 32, 663 j 31,536
17 '
3r">6
2,032 !
68. 0 j

46
317
1,707'
57. 1 i

103
101
80
112
273
•

3"
9Q
2
1,714
57. 4

116 !
108 i
102
67,880 | 61, 8*0 ! 57,365

20,433
31.1
30,431
27,474

38
396
1,666
55. 8
95
51,330

15. 00
15. 86

15.00
10.02

15.25
1G. 23 }

15.50
16.32

15. £0 ;
16. S8 ;

15.50
16.38!

15.50
16.25
16.40 16. 64 j

16.50
16.75

10.50^
16. 72 j

16. 75 '
16.82;

17.00
16.94

17.00
17.01

17. 46

17. "C,

18,39

IS. 76

18.7C ;

18.7(j;

18.76

18.76

18.26

18.51;

18.70

18.76

o5,f:02
83,230
83,404
705

; 329,720
i 146,023
: 147,098
;
741

105,181
247,732
270,880
812

158,495
257.941
288,422
978

210,584 178,224 ; 163,390
95,765 114,593 I 98,397
~ "'
y-i^oi i 110,180 : y^, i\)£.
721
916 i
797 ;

85,399
221,775
^' , yoo
io j """
621

i 3,912 i 6,412
4, 109
5, 509
I
; 4, J83 i 5,724
i 56,878 : 54.987

7,193
3, 614
7,131
51.657

18. 76 j

Iron—Manufactured Products
Cast-iron boilers:
Gas-fired boilers—
Production
thous. B. t. u~.
Shipments
....thoas. B. t. u _ .
Shipments
dollars...
Stocks, end of month mills, B. t, u.
Round boilers—
New orders.
thous. of lbs_.
Production
.
thous. of ibs.
Shipments..
thous. of lbs_.
Stocks, end of month-, -thous. o f l b s . .
2 Revised




:

208,072 201,956
195,946 : 155,723
213,852 , 159,568
1,108 i 1,089

7. 204
4, 662
7, 309
53, 553

178,101 ; 174,244 ! 227.605
156,769 ' 154,850 I 150,227
Uib, y<id : i-i ft, /4y i My, uo<
997
1,069 \ 1,014
4,948 ! 4,525
4,654 ;1 5,069
5,055
4, 787
59,878 i 59, 770

! 3,741
j 6,553
! 4,232
i 60, 221

4,311
4,864
4,071
57.794

SURVEY OF CURRENT BUSINESS

February, 1932

35

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shoion here may
be found in the 1931 Annual Supplement to the Survey

1930

1931

December

SeptemAugust
July
™r " October
ber
|

No

m

May

April

March

IWteu. January December

12, 200
13, 256
11,422
141, 522

10, 049
13, 140
9, 537
139, 773

8,091
15, 981
8,448
136, 840

9,771
14, 700
8,851
129, 643

9,122
15, 957
8,632
124,238

1 June
j

IBON AND STEEL- Continued
Iron— Manufactured Products— Contd.
Cast-iron boilers— Continued.
Square boilersNew orders
thous of Ibs
Production
thous. of lbs__
Shipments
thous. of Ibs
Stocks, end of month thous. of Ihs
Cast-iron fittings:
Production
short tons
Shipments
short tons
Malleable fittings:
Production
short tons
Shipments
.
short tons _
Radiators:
New orders thous. sq. ft. heating surface .
Production. thous. sq. ft. heating surface..
Shipments,. thous. sq. ft. heating surface..
Stocks, end of month
thous. sq, ft. heating surface..
Range boilers:
New orders,.—.
. number. .
Production
number
Shipments
number
Stocks, end of month .
..number
Unfilled orders—
Total
number
Delivery, 30 days _ _
number..
Delivery, more than 30 days-number __

17, 723
10,857
16,837
109, 835

11,500 ;
14,689
12,082
117,622

19, 029
11,741
19, 137
106, 617

27, 999
19, 751
31,479
113, 228

22, 547
14, 231
25, 328
124, 657

5, 381
4,778

5, 475
7, 638

4, 592
5,822

3, 650 i
4,442 !

4, 059
4,77ft

4,165
4,508

4,978
5,088

5,603
5, 379

5,763
5,665

6,2S8
5,897

6,446
6, 758

6, 506
5,358

2,412
2,026

2,973
3,610

2,466
2,964

1,959 i
2,041 !

2,114
2,330

2,365
2,489

2,471
2,784

3,075
2,995

3,290
3,242

3,379
3,432

3,236
3,533

3, 209
2, 603

8,302
5, 560
8, 465

10, 342
7,292
11, 282

8,508
5,090
9,262

8,365 1
4, 572 i
7,960 |

6.606
4, 194
6,834

6,428
5,025
5, 759

4,863
5,164
5,003

4,330
5,957
4,293

4,451
6,781
4,013

4,483
6,801
4,410

6,267
6,961
6,091

7,471
4, 097
6, 866

19,967
14,765
15,264 1 13,028
19,413 !i 15,184
137,143 139,469

34, 388

36, 798

40, 549

44S834

47,414

50,183

50, 953

50, 632

48, 978

45, 969

43, 613

38, 702

26, 066
32, 862
26, 743
32, 835

37, 427
37, 918
36, 930
26, 605

46, 680
51, 769
50, 127
25, 617

42, 109
39, 211
41, 754
23, 975

35,674
32,003
33,636
26, 518

i
i
1
!

39,066
44,611
46.036
28, 151

39, 428
42, 012
41, 001
29, 576

41, 768
43, 799
41, 744
28, 565

43, 287
48, 250
47, 148
26, 510

48, 733
48, 051
49. 861
25, 408

40, 807
42, 083
41, 944
27, 218

58,233 !
60,213 !
64,033
27, 079

39, 927
38, 302
31,496
30, 899

6,992
6, 092
900

7,520
6,309
1, 211

7,023
5, 423
1,600

10, 470
8, 470
2,000

10, 115
8,054 1
2,061 ;

8, 077
5,922
2,155

15, 047
12, 752
2,295

16, 620
9,944
6,676

16, 598
8,599
7,997

20, 457
10, 882
9,575

21, 585
11, 708
9,877

22,722
11,712
11,010

28, 522
17, 192
11,330

Steel-Crude
Prices, wholesale:
Composite, finished steel
2.18
dolls per 100 Ibs
2.16
Iron and steel composite
dolls per long ton
30.61
30.32
Steel billets, Bessemer
29. 00
(Pittsburgh^
dolls, per long ton.
28. 80
Structural-steel beams (Pittsburgh)
dolls, per 100 Ibs..
1.60
1.60
Sheets, black, blue, galvanized, and full finished:
New orders...
.
...net tons- 99, 706 102, 867
Production —
Per cent of capacity
per cent-.
26.7
26. 3
Total
_ _ _ _
not, tons.. 101,570 102, 758
Shipments
net tons 103, 400 94, 075
Stocks, end of monthUnsold
net tors
74, 7f,3
SO, 191
Total
net tons.. 126,540 133/-V)
Unfilled orders, end of month.. .LOT tons..
147, l»,i)
Steel castings:
New ordersTotal
short tons... 20, 053 5 20 001
2 12,832
Miscellaneous
short tons.
Railroad specialties
short tons... 6, 937
'• Y4
Per cent of capacity
per rent, .
11
ProductionTotal
..short-tons.. 21,194 2 23, 139
JViis^cIlaneous
short tor>^
"• 5 030 2 i/j 138
Railroad specialties „ . short tons, . 6,158
7, 001
Per cent of capacity
per cent. .
16
15
Steel ingots, production:
Canada
thous. of long tons...
28
United States, total. ...thous. of long tons... ~~~i,~302~
1, 594
United States, total
rel. to 1923-25..
46.1
37. 7
Per cent of capacity
per cent..
30
24
U. S. Steel Corporation:
learnings
thous of dells
1, 249
1 0°'^ 1
Unfilled orders, end of
month
thous of long tons
2, 735 j 2, 934
Unfilled orders, end of
month
rel. to 1923-25..
61,4
57. 3

2.18

2.20

2. 20

2.19

2.21

2.2.2

2.23

2.22

2.22

2.19

30.81

31. 03

31.05

31.05

31.02

31.39

31.61

31.66

31.65

31.70

31. 76

29.00

29. 00

29.00 ;

29.00

29.00

29.50

30.00

30.00

30. 00

30.00

30. 60

1.60

1.60

1.60 |

1.65

1.65

1.65

1.65

1.65

1. 65

1.63

1. 60

117, 195

120.688

122,849 ! 144,461

163,599

148,612

191,987

236, 310

168, 564

180,863

233, 289

33.1
122,739
11-;}, 365

32. 0
111 8-2
123, 3; ]

?3 9 ,
46.3
123,752 174,890
1,")1. 529 , 178,460

40.3
147, 843
156,160

56.6
201, 846
191, 942

58.2
213, 608
211,118

61.1
224, 322
208, 207

57.2
192,218
179, 138

45. 1
167, 865
170, 379

39.8
115, 125
144,040

70, 46-5
137, 243
159, 307

67, 337
143, If,",
161,360

75, 6J8
7:.,i^ ; 77,953
Jt>), 533 160.959 168,013
1 70, 1 '22 203, 358 304, 107

82, 532
1C9, 444
296, 731

85, 415
176. 846
325, lt',9

89, 334
189,915
383, 280

92, 047
181, 614
343, 439

87, 496
180,2^5
360, 479

83, 629
184,590
'J7h, 601

2 22, 854
2 lf», 893
0. 961
16

23> 073
17, 050
6, 023
16

26, 136
27,458 1 32,869
20,610 1 19/248
18, 539
6,848 i 13,621 , 7, 597
:
18
19
23

39, 052
27, 740
11,306

46, 039
29, 844
16, 195
32

48, 184
37, 172
11,012
33

40, 320
31, 184
9, 136
28

46,810
32, 092
14, 71S
32

49, 387
30, 131
19, 256
34

2 24, 113
2 16, 747
7,366
17

26, 948
19. 683
7,265
19

30, 186
21,529
8,657
21

35, 018
25, 608
9,410
24

48. 282
43, 154
31, 083 , 35,439
12, 843
12,071
30
;

33

56, 755
42, 544
14,211
39

49, 548
35, 638
13,910
34

46, 294
35, 351
10, 943
32

46, 290
32, 093
14, 197
32

31
1, 592
46.1
28

33
1, 548

44. a

28

52
1.719 i
49, 7 !
31 j

45
1.886
54, 6
34 ,

56
2.076
60. 1
38

2 2, 506
72,5
45 |

91
2, 722
78. 7
49

99
2, 994
86.6
54

83
2,502
72 4
49

58
2,459
71. 1
43

56
1,980
57.3
38

1,690

2, 559

2,960 \

3,662

4, 499

4, 183 i

5, 136

7,191

6,156

6, 118

4, 191

3,119

3, 145

3, 169 I

3, 405

3, 479 i

3, 620

35898

3, 995

3, 965

4, 132

3, 944

65.3

65. 9

66.4 i

71.3 i

81.6

83.7

83.0

86.5

82, 6

1, 059 i
1,188 i

1,010 i
1,057

1,092
1,074 1

1, 272
1, 221

1,306 ;
1, 305

1, 424

1,487
1, 522

1,478
1, 563

2 1, 840
1,768

1,591
1 , 774

2. 19 i

i 31. 751
! 23,339
1 8,412
i
"22

72.9 ;

|
75.8 |

Sr eel— Manufactured S*r*?d!ic;ts
Furniture, steel:
Business group —
New orders
.....thous. of dolls. .
Shipments
thous. of dolls
Unfilled orders, end of
mouth
thous. of dolls...
Shel ringNew orders
thous. of dollsShipments
.
thous. of dolls-.
Unfilled orders, end of
month .. _ _
thous. of dolls..
Iron, steel, and heavy hardware,
sales
rel to Jan. ,1921—
Iron and steel:
Exports
long tons ,
Imports...
.___.._
long tonsLock washers, shipments
thous. of dolls..
Steel barrels:
Production...
_
_
.barrels.._
Per cent of capacitv
per cent
Shipments
— .barrels.. _
Stocks, end of month..
.barrels..
Unfilled orders, end of
month
thou*? of barrel^
'Revised.




;

910
956

1,114
1,078

;

780

826

790

919

966 ;

948

897 !

896

952

986

1,072

999

207
22G

304
310

304
310

307 !
358

328
371

;

452

449

506 !
409 ;

408
423

455
481

401
382

418
422

283
515

419

378

383

390

441

483

480

383

398

424

401

409

109

112

110 ;

117

124

129

134

123

104 !

91,407
75, 585
30, 687 ! 29,689
172
122

101, 081
40, 606

109, 512
33, 343
177

591,399 550,583
41.9
39.9
600, 566 554, 332
50, 328 i 59, 495

57, 203
18 1^
£1

59, 526
23. 104
80

59, 335
23, 335
85

69, 768
24, 509
83

73,338 : 84,466
21,898
28,255
84 ;
96

382, 483
27.9
38,5, 435
35, 179

453, 547
32.7
444, 201
44, 050

489, 555
35.3
492, 145
34, 704

451, 562
31.7
452, 960
37, 294

449,590 j 580,565
31.6
40.7
455,502 581,450
38,692
44,604

620

549

638

914

1,030 i

939 i

552,955
38. 9
549,781
45, 489
1. 078 !

; i, 48i

610. 788
43.1
618, 801
42,315
1,053

;

179

1, 195 1

1, 253

110

123

91,212
22, 479
163

92, 745
33, 959
140

101,988
24, 333
115

450, 134
33,1
449, 485
63, 244

421, 814 \
32.6
427, 622
62, 595

1, 392 1

1, 424

:

412,283
30.3
400, 327
68, 403
1,437

36

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
1931

Earlier data for items shown here may j
be found tn the 1931 Annual Supple- \ r>ecemment to the Survey
\ ^er

iyOVPTri !
her I

*! August I July

:

1930

June

! May

j April

F

March

U

^J " January\\

D

^Jn"

IRON AND STEEL— Continued
Steel— Manufactured Products— Cont'd.
Steel bars, cold finished, shipments.short tons..! 13, 808
12,182 i 13,034> 11,576 | 12,600
14,413
18,360; 22,768
25,141
25,0111
Steel boilers, new orders:
!
692
2 604
467
687
825 i
665 I
Area _______ ....... „ ....... thous. of sq. ft-.j
394
595 :
2678
893
672 :
630 !
Quantity ____ ..... _ ............ ..number..!
409
818
658 :
889
827
816 :
Steel plate, fabricated, new orders:
i
18,268 : 20,839 i! 33,473 24.282 ; 27,261
Total ........ _. ....... .. ..... .short tons..! 16,442
22, 806
28,210
29,916
31,056 j
4,024
1,755 : 1,955
4, 679
Oil storage tanks______________short tons..;
778
1,138 ! 4,136
2,538
2,411 ; 7,749
Structural steel, fabricated:
j
New orders —
:
Computed total______..... short tons.- 98,800 87,200 : 110.000 196,800 ' 124,400 159, 200 177,200 j 152,800 292,800 184.400
21.8
27.5
49.2 !
31.1
Per cent of capacity ____ ..... per cent..
24. 7
39.8
44. 3
38. 2
73. 2
46.1
ShipmentsComputed total.,.. ........ short tons..: 121,200 111,600 I 145,600 • 150,000 j 168,800 181,600 162,400 ;! 148,000 158,400 151,200
27.9 j
40.6
37.0
Percent of capacity.-. ...... percent-.
30._3
.
1,948 i
Track work, production___________short tons..! 2,373
4, 409
5,705
7,453
8, 564
Enameled Ware
Baths:
New orders__________________ pieces..
no. of
Shipments... ________________
no. of pieces_
Stocks, end of month ______no. of pieces..- Unfilled orders, end of
month.........__________ of pieces..;
no.
Lavatories:
New orders____. ............ . of pieces..:._
Shipments.......___________ . of pieces._:
Stocks, end of month
....... . of pieces. _i
Sinks:
New orders ___________
of pieees.
Shipments___________,
of pieces.,
Stocks, end of month _______ of pieces..
Miscellaneous sanitary ware:
New orders _________________ pieces
of
Shipments ___________________pieces
of
Stocks, end of month
.......
of pieces
Small ware (except baths):
Unfilled orders, end of
month -------------------- no. of pieces.-!
Porcelain enameled flat ware:
j
New orders —
j
Total_________________________dollars..
Signs__________________________dollars--!
TH ble tops___________________dollars.
All other. _. _________ ........ -dollarsShipments—
Total____________________......dollarsSigns_____________________.....dollarsTable tops___________________dollarsAll other _________ ........ ____ dollars-

•
33, 578
- . 24,44.5 l 35,703
! 25 473 ' 36 022 34, 980
126,718 ; 131,858 134^ 392
10,973 !
,;
30,269 !
| 30,844 :
. - 161,911 i

I

12,001

35, 463

139,' 496

12, 320

13, 722

43,238
4i,4S9
44,9(53 43. 372
169,509 1 76, 825

43, 521
45, 262
190, 225

34.997 i 44 237
I 34.163 : 40,437
212,783 ; 224,720

46, 704 i 43,228
47' 922 ! 43, 584
138, 759 i 145,140

42.991 I 40,111
45,512 : 40,449
152,206 163,037

17,110 | 17,486

21,727

21,943
577 :
598 ;

622
516

27,518
2,598

24, 438
3, 585

:

158,400 162,400
39.6 i
40.6
166,400 ! 172,000
43.0
41.6
5,626
6,321

33,196 i 28,041
34,938 1 30.616
166,158 160,851

56.494
68,564
148,909

43, 5 IS 43, 1 74 51,
43. 070 41,907 52,
226,440 236, GG5 245,

19,987

MS OfK
107,9:!2

20,3251 22,067 j 24,642

51,395 ! 45.440
54, 520 : 43. 221
218,007 232,277

33,851 ' 30,883 ! 71, 113
36,642
34,438 • 93, 870
230,817 212,395 192,072

54,693 | 52, 771
56,845
49,443
260,426 273,154

15,

53,
49, 181
50, 575
53!
192,
192,552 I 209,841

587
814

41,532 ! 35,873 i 63,074
41, 787 I 39, 211 '• 80. 095
267, 828 j 259, 442 j 244, 880 ,

17,418 ; 26,854
17,718 ' 20,175
83,492 j 86,401

21,911
22, 2: > 1
86, 64G

27, 324
28, 073
86, 455

27,
2)
!.
94,

27, 463
26, 453
98, 384

|
i 36,465 i 33,500

39, 702

41, 457

45,

49, 637 i 51, 769

21,243 i 22,995 : 18,641 ! 15,781 1 29,785 !
24,490 i 21,719
18,811
17,768 ! 33,527
101,673 ! 107,917 i 109, 508 107, 439 I 106,152 !
i,293

53,470 ! 56,686 j 65,566 i j

628,969
270,886
120, 623
237,460

i
!
|
!

468,779
197,894
102,199
168,680

98,869
119,725
215,628
104, 651

i
!
j
i

111,957
113, 168
212,683
125, 507

109,086

Plumbers' Woodwork
New orders, net_________________DO. of pieces-- 100,013 i 100.194
Shipments______________________no, of pieces-. 100,715 I 100,708
Stock, finished, end of month.. .no. of pieces-. 202,075 190,034
88,895
Unfilled orders, end of month___no. of pieces _ . 88,193
Bathroom Accessories
Total:
Production _________________ no. of pieces. _
Shipments____________. . . . ._no. of pieces..
Stocks, end of month_______no. of pieces..

Rate of activity (elec, energy
consumed)___________________rel, to 1923-25—
Building or under contract, end of month —
Merchant vessels____thous. of gross tons..
Completed during month—Total----------.______.........gross tons—
Steel, seagoing____._____.......gross tons-




110,
106,
199,
100,

372
406
308
556

I 121,490 ,
---.-_! 104,849 '
I 645,909 i

94.6

Machinery
Total exports__________________thous. of dolls.. 17, 700
Air conditioning equipment:
New orders —
Total_________________thous. of dolls. .
Air washer group_____thous. of dolls..
Fan group____________thous. of dolls..
Unit heater group..... thous. of dolls ._
Electric hoists:
New orders—
Quantity... _____
no. of hoists..
Value..... ----- ...__.
dollars-Shipments ......... _____ _
dollars—
Electric overhead cranes:
New orders.,___________. thous. of dolls..
Shipments _______________ of dollsthous.
Unfilled orders, end of
month
thous. of dolls —
Foundry equipment:
New orders ......
rel. to 1922-24..
Shipments....._____.
.rel. to 1922-24-.
Unfilled orders, end of
month____._______,
.rel. to 1922-24 .
» Revised.

100, 275
111,422
191, 933
89, 409

106, 928
118,358
203, 213
90, 050

101,784
108, 525
211,622
108,080

I 122,642
i 126, 368
| 200,227
i 114,821

| 135,674
! 125, 652
! 211,972
1 119,578

103, 462 147, 999 I 203, 283
144, 466 102,497 ; 192,246
640, 886 621, 890 ! 636, 388

84.5

88. » !

82.0 I

294

326 !

359

189,979 : 181,955
192,848 j 177,051
625,351 628,220

84.8

288

4,261 i 27,906 ! 11,554
30,471
1, 201 i 25, 002 | 7,150 ! 25,363

118, 510
127, 055
204,586
109,556

89.7
!

370 i

22,647 I 34,527
16,964 ! 28,613

130,895
117,445
213,574
118,101

!
:
«
!

173,588 i 121,546 i 121,205
106,084 • 122,745 ! 158,414
623,316 I 615,812 017,011

92.5

98. 3 ;

114. 8

113. 9

397

409 |

412

421

13, 766
17,443
4,985 ; 13,976
31,100

25,622
9,703

29, 400 ] 44, 000

1, 398

1, 307 i

2755
564

740 i

408

278
125,550
101, 746

201
117, 216
134,995

1,420

123.8 !

99.0
344

29,413 i ,
21,045 i
1

25,971
18,391

35, 300 . j

36,100

:

1,552 ;

1,180
64
585
531

1,284

205
113,862
112, 363

335
133, 295
132,157

231
126, 592
106, 459

268 I
530 I

99 :

274
416

54.1
118. 6

111,689
10S, 021
247, 513
126, 718

423

496

302
671

1,207 j

1,407

1,517

57.7
69.7

174. 4
72. 9

54. 7 j
55. 4

ISO. 1

314.6 .

93.5

666
539

37

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931
D C

IliON AND STEEL— Continued
Machinery— Continued
Machine tools:
New orders
rel to 1922-24..
Shipments __
rel. to 1922-24..
Unfilled orders, end of
month
rel. to 1922-24..
Oil burners:
New orders
no. of burners
Shipments
no. of burners..
Stocks, end of month
no. of burners-Unfilled orders, end of
month _
no. of burners..
Patents granted:
Agricultural implements
number..
Internal-combustion engines
number..
Total, all classes
number..
Pulverized-fuel equipment:
New orders, central systemFurnaces and kilns.no. of pulverizer s__
Water-tube boilers.no. of pulverizers ..
New orders, unit system —
Fire-tube boilers.-.no. of pulverizers..
Furnacesand kilns.no. of pulveruers..
Water-tubeboilers.no. of pulverizers..
Pumps (water):
Domestic shipmentsPitcher, hand, and windmill
no. of units..
Power, horizontal type..no. of units..
Steain, power, and centrifugalNew orders
thous. of dolls..
Shipments
thous. of dolls..
Unfilled orders, end of
month
.
thous. of dolls. .
Pumps (gasoline and other):
ShipmentsGasoline —
Hand operated
units _
Power operated
units. _
OtherHand operated
units...
Power operated..
units .
Stokers, mechanical, sales:
Power
horsepower..
Quantity
number. _
Water-softening apparatus, shipments
... no. of units. .
Water-systems, shipments
no. of units..
Wood-working machinery:

b erm"

68
57

N

b£ m ~

51
50

October

45
85

56
92

72
96

July

May

June

62
72

74
95

March

April

87
96

118
92

105
91

Febru- January ! December
ary

84
73

67
75 |

69
85

104

97

97

140

182

202

212

232

238

225

204

3,765
3,804
9,093

5. 852
6,413
8,860

13,542
14, 234
8, 326

12, 329
12, 536
9,748

10, 621
10,035
10, 155

8,010
7,491
10, 113

6,046
6,044
9,193

5,132
5,562
8,553

5.528
5,248
10, 036

4,836
4,406
8,603

3,699
3, 531
8,645

3,842 :
4,046 !
8,572 !

5, 026
5, 025
8, 604

577

616

1,177

1,869

2,076

1,490

971

969

1,399

1,119

689

79
44
4, 163

54
57
4, 074

62
66
4,750

54
69
4,088

55
60
3,962

79
67
5,270

60
58
4,270

67
68
4,167

67
68
4,789

44
76
3,715

521 1
41
58
3,215

725

75
72
6,408
0
0

0
0

0
1

0
0

1
0

0
0

0
0

0
0

0
2

0
2

2

0
2

0
0

1
2
2

0
0
5

2
0
1

4
1
3

4
1
4

5
1
11

4
3
14

3
1
0

1
1
9

2
13

3
0
o

6
0
8

0
3
3

13, 784
850

17, 677
1, 032

20, 490
1,063

22, 379
2,197

24, 579
2, 312

26, 330
2,229

22, 417
2, 135

24, 255
2,145

25, 181
1,772

32,902
1,657

24, 873 i
1,564

23, 056
1,325

556
597

475
627

563
695

599
886

775
800

874
944

875
1,028

921
1,037

1,075
918

950
1,036

765
873

773
718 :

1, 047
1,205

1,782

1,852

2,023

2,161

2, 450

2,441

2, 471

2,605

2,762

2,616

2,717

2,826 |

2, 812

1, 440
3,068

2 3, 075
2 3, 926

2,715 !
3,676 !

3, 276
4, 309

4, 585
5, 742

5, 019
7,735

6, 04.1
10, 263

15,216
268

22, 479
291

18, 645
458

22, 708
501

37, 660
985

37, 287
1,162

37, 355
1,077

11, 072
48

13, 231
62

20, 339
83

22, 462
96

229,971
128

20, 735
101

29, 889
111

23, 646
80

18, 723
65

17, 993
63

13, 849
66

25, 902
85 !

11,726
53

370

458
5, 050

518
6, 030

500
6,681

429
7, 850

525
7,640

567
8, 694

605
9,090

692
7,638

756
6, 105

591
5,434

664
6,010

566
5,177

345
379
331

6
447
572
513

16
533
448
421

46
503
463
391

21
487
513
393

10
484
451
356

16
527
545
400

13
474
491
421

9
486 i
383 !
400 !

21
470
500
529

336

356

534

479

516

518

479

502

557

467

8

377
New orders
thous of dolls
347
Shipments
thous. of dolls.,
371
^hi pircnts
no of machines
Unfilled orders, end of
month
thous. of dolls
340
NONFERKOUS METALS AND PRODUCTS
Production index (Fed. lies.
CO
62
65
Bd.)
rel. to 1923-25..
Production index (elec. energy
1
70. 9
76.0
71.0
consumed)
. rel. to 1923-25..
202. 7
201. 9
Stocks, end of month
rel. to 1923-25.- i 203. 5
Stocks, raw materials, end of
month
. rel. to 1923-25,. i 155. 2 2 167.4
163. 9 '
Raw Materials
Babbitt rneta! consumption:
607
552 I
Direct bv producers
thous. of Ibs
1,074
1, 255 ,
Sale to consumers
thous. of Ibs
1, 495 1
],f>50
1, 862
Total apparent
thous. of Ibs
2, 047 1
Copper:
Exports, refined
short tons... | 13, 599 15,215 11, 429 !
Domestic shipments, refined__short tons..
|
Price, wholesale, electrolytic
. 0656
(N. Y.)_
.dolls, perlb.. .0S58
. 0673
Production —
Index (Fed. Res. Bd.).rel. to 1923-25. _
i
Mines
short tons
1
Refined (N. and S.
t
America)
.short tons..
Smelters
short tons
'
Stocks (N. and S. America);
end of month1
Blister
short tons
Refined
__
short tons..
!
Refined
rel to 1923-25
World production, blister
short tons..
;
Lead:
i
Ore shipments —
1,401 ! 1, 524 '
Joplin district
short tons.. 1, 278
Utah
short tons
1 27, 535 ! 34,807 i
Production, refined
short tons.. i 33,576 31,671 I 36, 546
Production (Fed. Res.
64
61 j
Bd )
rel. to 1923-25
66 ;
Price, pig, desilverized (New
York)
...dolls, per lb_. ! . 0379 | . 0394 1 . 0396 ;
Receipts in United States, ore.short tons.. ! 28,611 j « 28, 406 ; 232,788 !
»Revised.




Septem- August
ber

1930

203

179

58
67
4,251

|

:

65

65

68

73

73

76

78

77

S5

75.0 <
200.9 |

73.3
199. 9

69.3
203.3

78.6
213.7

94.0
219.3

94.6
220.4

103.5
219.9

112.3
224.4

95.0
227.4

97.8
228.1

1

147.9

137.7

127.7

122.4

126.9

144.8

130.7

130.9

129. 6-

497
1, 355
1, 852 !

404
1, 377
1, 781

511
1, 420
1,932

702
1, 605
2,307

731
1, 078
2,409

716
1. 844
2, 560

832
1,829
2,661

687
1.820
2,507

766 !
2,090
2, 856

647
1,459
2,107

17, 201 ;
40,459 ;

19, 271
45, 816

22, 381
43, 144

23, 244
50, 217

22, 951
45, 265

24, 179
54, 567

31, 536
74, 685

28, 947
60, 636

42, 192
60, 209

32, 208
69, 854

. 0699

. 0729

.0770

.0803

.0867

.0939

.0985

. 0972

.0984

. 1030

60 1
38,088 i

59
38,925

59
38, 228

67
44, 473

68
45, 580

69
46, 452

70
48, 702

76
47, 504

72
48, 059

76
48, 726

86,704
47, 012

90, 190
47, 246

96, 408
46, 503

98, 275
51, 652

102, 695
53, 734

100, 501
52, 085

102,058
57, 922

99, 853
55, 229

102, 458
53, 429 !

106, 366
60, 022

178,425
479,896
423. 9
120,689

176, 105
455, 775
402.6
121,655

179, 658
440, 417
389.1
121, 504

187, 353
413, 474
365. 3
126, 722

190, 578 ! 193,876 j 198,811
398, 667 367, 921 i 354,205
352-2 i 325. 0
312.9
130, 486 128,877 ; 136,958

203, 224
363, 629
321.2
128, 685

210, 637
363, 827
321.4
129, 390

218, 799
367, 175
324.4
136, 252

3,064
2,290
27,711
31, 577
34, 144 i 32, 157

1,432
28, 806
30, 708

1,881 i
1, 995 1 3, 762
34, 816 i 35, 498
41,576
39, 519
35,498 ; 41,775

2,508
46, 902
39, 464

65

152. 0

2, 911
25,305
31,966
67

.0440
33, 228

61 |

.0440
33, 385

64

60

.0440
30, 136

.0392
32, 551

78

71

2,896
48, 705
48, 517

79

82

83

289

.0382
.0441
. 0453
35, 677 i 34, 694 i 37,878

. 0455
35,512

.0480
42, 110

. 0510
40, 462

!

!

2,721
55, 331
43, 405 |

38

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
1931

Earlier data for items shown here may \
be found in the 1931 Annual Supple- ! Deccm_ j
meat to the Survey
! u®J£n

October

August

1

July

1930
May

June

April

March

|ryU~

December

Januar

y!

NONFERROUS METALS AND PROD-;
UCTS—Continued
i

:

Raw materials —Continued

Tin:

Deliveries (consumption)
long tons..j
Imports (bars, blocks, etc.)
long tons..;
Price, wholesale, Straits (New
{
York).
..dolls, per lb__!
Stocks, end of month—
;
United States.
long tons..!
World visible supply
long tons..!
Zinc:
j
Ore, Joplin district—
I
Shipments
._
short tons.-}
Stocks, mines, end of month
;
..short tons__|
Price, slab, prime western (St.
Louis)
dolls, per lb_J
Production-_
short tons..
Retorts in operation, end of month
number ...1
Stocks end of month
.short ions..'

3,380 I
2, 130 |

5, 385
5,607

5,015
4,882

.2281
6,254 '• 7,458 j 6, 773
51,313 I 50,583 50, 602

5,100
5,587

5,185
4,698

5,505
5,483

6,630
6,126

6, 120
6,986

5, 100
5,903

.2468

. 25V 5

.2502

.2341

.2320

.2512

. 2707

. 2631

.2610

.2527

5,868
50, 722

6,213
50, 987

5, 833
51, 707

5,633
51, 626

6,212
5,698
51,231 i 48, 462

7, 917
48, 607

5, 862
49, 339

4,904
43, 619

4,693
42, 498

7,210
8, 113 \

7, 495
6,659

17, 113
. 0315
21,905

22,275
129,825

PAPER AND PAPER PRODUCTS j
New orders
rel. to 1923-25 \
Production index (Fed. Res.
i
Bd )
rel. to 1923-25 l
Production index (elect, energy consumed) j
(paper and pulp)
rel. to 1923-25.. i
Stocks, end of month
rel. to 1923-25. -|




5,270
5, 249

tons..;
tons
tons.J
tons
2
Revised.

12, 059

14, 395

22, 470

27, 261

17, 163

25, 389

25,987

31, 056

79, 533

76, 566

70, 935

65,480 ! 61, 110

63, 001

58, 534

56, 013

47,000

.0331
. 0372 .0400
25.688 : 29, 137 32, 328

.0401
29, 562

.0404
32, 522

.0410
32, 733

35, 518 35,635
144, 389 145, 076

33, 640
143, 618

.0338
. 0382 i . 0389 .0342
.0374
20,526 i 21,674 j 21,356 | 21,467 21,365 23, 483
21 82S
130 865

23 774
130 666

1 513

1 862

1 978
63, 044
2 29 447

22 817
21 705
21,
129,701
130, 155 ij 129 701
i
ji
j

1,231 !
i
3157,472 !

3 975
3,975

21, 668
131, 833

1,956

21, 422
138, 928

23, 024 29, 072 34, 221
143, 049 143, 212 141, 493

1,732

1,791

2, 680

2,046

* 224, 348

i 1, 643
1,
ii 74, 183
74,
!! 38 303
38,303
*971
ij
971
1j
901
901
! 56 735
56,

1,482
66, 906
33, 042
516
562
61, 794

1,263
77, 194
41,331
592
929
66, 188

637

623

103
87

2,358

4,59$ j

3182,486

1, 489

3 208, 936

2, 061
78, 983
57, 462
1,309
2, 323
67, 256

2,144
76, 313
52, 009
890
1,281
72, 003

1,458
78, 716
52, 599
783
1,224
69, 484

2, 523
86, 471
64, 823
1,125
1,386
68, 285

637

711

633

689

630

605

551

81

92

128

135

142

137

133

101

100

97

119

138

110

141

105

87

1 844
81,617
40 171
1*000
1*973
r
-9 103

2,038
82,485
42,562
869
1,095
54,691

433

577

644

73

76

79

j

81

73

81

!

276 905
248 265

387, 770
31' 793

1,782

2,005

3,356 !

4,487
4, 487

2,777

2,447

4,091

5,112

3,503

3, 667

3,997 '

245
973

333
1,137

326 ::
806 !!

367
367
840
840

336
890

338
1,106

339
1,303

324
1,819

345
1,630

373
1,326

383 !
1,139

1,678

39, 1P1
3°3 4 1 2
67, 643

37, 547
24 1 1 2^
59, 074

64, 736 76,052 ;
201, 344 228,862
71,551
55,362

77, 243
178, 160
78,611

1 057
262

1 398
313

50 ;.

987

43

<:>

!

365,930 |j 365 877
365,877
413,864 !: 299 081
299,081

40,588 1I 48, 707
48,707
188 043 !; 175 629
175,629
47, 142 ii 37, 952
37,952

2,253
86,976 :
87,794 i
875 i
1,752
65,501

360, 444 450, i65 455, 325 473, 767 445, 833 418, 228 393,558
377, 129 402, 130 440, 476 533, 272 396, 958 450, 204 680,251 '

73,567 111,875 75, 303
208, 713 216, 145 269, 425
70, 303 79, 527 82, 279

47, 041 52. 637
360, 325 240; 081
35, 447 43,011

2,007
91, 564
51, 016
522
1,159
76, 659

104

500, 165
617, 454

2,417

1 345
1,
S48
S48

1,783
344

I, 624
402

1, 541
419

1, 475
432

1,975
484

1,652
426

1,369
385

:

i

0
0
80
80

0
120

2
134

0
165

8
169

11
177

4
136

23
155

152

79.7 ii

80 9
80.9

82. 5

86.8

90.4

91.4 j

89.7

90-7

93.6

326
326

328

275

275

299

309

404

337

594
594
330
330
330
330
889
889

546
302
324
898

560
253
274
934

514
256
277
1,073

554
340
297
1,096

530
297
304
1,083

574
332
311
1,097

539
344
309
1,145

1,407 •
332 i
;

o

9

0

ios

89

115

68 2
368

308

339 ii

583
312
254
953

522
338
312
910

509
333
316
911

160

129

135 '

197, 080

255, 782

•'
!!
ii

|

158

145

302

174

1S6

246,858

232, 672

264,953

281, 339

312, 916

92, 460 ' 121,413
90, 747 , 122,072

143, 258
140, 080

147, 278 132, 781 '< 103,677
144, 052 120, 723 j 138,538

26, 304 28, 390
28, 724 | 34, 188

34, 929
42, 287

; 102. 7

101.3

15, 760
16, 087

26, 626 1
l
>7, 792 i

96
126. 1
123.9 i

91.0 i
2

357 j
557
330
308
1,079

134

98,310 110,253 2134,003 103,345
134, 003
£ 8, 270 i 120,851 ij 129 693 ; 114,134
129,693

;

82. 8

307,068 i 251, 544
251,544

67, 145
72,011

88 8

107.0
122. 6

20, 243

81, 190

Manufactured Products
Electrical equipment;
Delinquent accounts, electrical trade.
(See under Distribution movement.)
Electric furnaces, new orders kilowatts..
Electric goods, new orders
(quarterly)
thous. o* dolls..!
Electrical porcelain, shipments —
Glazed nail knobs
thous. of pieces..
._
Special
.dollars. J
Standard
dollars i
Tubes
.thous. of pieces. _ i
Ungiazed nail knobs, thous. of pieces..
Industrial reflectors, sales
units .
Laminated phenolic products,
shipments
thous. of dolls..
Manufactured micaShipments.
thous, of dolls.. |
Unfilled orders, end of month
j
thous, of dolls.. .
Motors (direct current)—
j
Billings (shipments)
dollars..
New orders .dollars-.!
Nonmetallic conduits, shipments
tttcus. of feet..
1,384
Panelboards and cabinets,
shipments
thous of dolls '
Power cables, shipments.. -thous. of feet..
743
Power switching equipment, new ordersIndoor....
dollars..!
Outdoor
dollars
Vacuum cleaners, shipments
units.Vulcanized fiber —
!
Consumption
_. thous. of lbs__i
Shipments, total
thous, of dolls..
Welding sets, new orders —
Multiple operations
units •
Single operation
units
Miscellaneous products:
!
Brass sheets
rel to 1926
Copper-wire cloth —
!
New orders
thous. of sq. ft..'
274
Make and hold orders,
i
end of month
thous. of sq. ft..
592
Production..,
thous. of SQ. ft..
357
Shipments
thous. of SQ. ft..i
2S5
Stocks, end of month. thous. of sq. ft..
1, 031
Unfilled orders, end
of month
thous of sq ft i
114
Enameled sheet-metal ware,
I
shipments
dozen pieces..!-. _. _
Pails and tubs, galvanised—
\
Production
.dozen pieces.. i
Shipments
_- dozen pieces.. L
Other galvanized ware—
>
Production
dozen pieces
Shipments
dozen pieces, i

Wood Pulp
Ground wood:
Consumption and shipnieats._short
Imports
short
Production
short
Stocks, end of month
short

3,550
5,301 I

102 !

113.0
122.2

32,276 ! 34, 709
! 34,709 26,970
36,007 !| 32 764 ! 27,334
32,764

96 7 ;

I
89. 3 I

90.5
90 5

93.2

90.7

105
105

109

109

113

110

1

no Ii

121.7 1
121. 7
128.6
128. 6

104. 0
128. 6

112.4 !
129.7 1

135. 1
126. 1

109.6
131.2 i

123.0
123. 4

104 |

138. 3
128.2

31, 542
29, 579

211

217 i

1.421
'318

165

289, 205 | 267,232 ! 250, 568

34, 347 ! 23,716 ;
28, 142 25,958

96.7 i
110 !

97.2

87, 140
68, 8S8
21, 657
15, 915

85.8

106 :

98

127.0 ! 111.8
128.6 | 125. 9

117.0
122.6

1

105, 782 : 110,715 1 106,094
21 066 i 21 842 ' 18 750
113,837 ! 104,788 i 96,920
84, 388
76, 332 I 82, 260

100, 180
14 433
87, 638
91,434
3

111,463
17,725
102, 197
103, 975

118,371 118,157 |
13,512 i 12,851 |
121,103 ! 136,858 j
115,235 , 111.832 !

116,914
23,136
136,438
93,131

Quarter ended in month indicated.
QU£

111,165
14, 652
116,311
73,606

96,823 ! 108, 349
15,656 j 14, 394
95,937 107, 208
68,460 I 69, 346

109, 740
27,024
110.578
75, 498

39

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem- Novemment to the Survey
October Septem- August
ber
ber
ber

1931

1930

Febru- January
ary

Decem-

July

June

May

April

23, 502
24, 362
4, 502

23, 572
24, 834

25, 960
27, 230

4,480

27, 412
28, 102
4,414

27, 660
29, 304

4,660

4,998

27, 884
29, 422
4,624

28, 512
29, 102
4, 366

27, 128
28, 560
5,118

19,092

19, 020
34, 483
2.15
19, 494

21, 178
30, 724
2.15

18, 882
34, 289
2.35
18, 878
4,316

20, 554
50, 271
2.48
19, 384
4, 320

20, 194
87, 600
2.48
20, 354 i
5, 490

18, 272
63, 870
2.48
17, 860
5, 474

40, 544
32, 863
40, 600

43, 090
25, 592
40, 4(52
5,320

41, 616
36, 095
41,402
7,948

38, 844
30, 322
38, 698
9, 206

March

ber

PAPER AND PAPER PRODUCTS- Con.
Wood Pulp— Continued
Soda:
Consumption and shipments. .short tons..
18, 088
19, 336
Production
.short tons..
Stocks, end of month
short tons
4,516
Sulphite, unbleached:
16, 574
Consumption and shipments short tons
67, 062
46, 789
Imports
- .short tons
2.15
1.81
Price
dolls, per 100 lbs._
17, 946
Production
short tons
Stocks, end of month
_ _ „ _ .short tons
6,348
Sulphite, bleached:
32, 550
Consumption and shipments.. short tons_.
Irnports .
..
short tons- ~~25," 288" 2 35, 726
33, 388
Production
short tons
6, 994
Stocks, end of month
_ short tons
Total sulphite:
69, 885
Consumption and shipments. .short tons..
102 730
Production
short tons
26, 294
Stocks, end of month
short tons..
Sulphate:
33, 828
Consumption and shipments short tons
36, 624
Production
short tons..
4, 144
Stocks, end of month
short tons._
Other grades:
844
Consumption and shipments short tons
768
Production
short tons i
236
Stocks end of month
short tons ! _ _ . .
Total chemical (all grades) :
!
152, 648
Consumption
short tons
...
159, 458
Production
short tons
35,186
Stocks end of month
^hort tons
Paper
Box board:
j
Consumption of waste paper short tons ' ._ _ _
Now orders ._
short tons. .1
Operation
____thous. of inch hours..
Operation
p. ct. of capacity..
Production
short tons
Shipments
short tons
Stocks, end of month
short tons...|
Stocks of waste paper, end of month—
j
In transit and unshipped
purchases
short tons
At mills
short tons
Unfilled orders, end of month short tons
Newsprint:
Consumption by publishers,
United States
short tons... 160, 146
Exports, Canada
short tons..
Imports. United States
...short tons.. " 168," 087 ~
Price, roll, destination,
Kr. Y
dolls, per short tons
57. 00
Production —
Canada
.short tons.. 165, 173
United States, total..
.short tons.. 93, 861
Per cent of capacity
per cent ..
63
Shipments—
Canada
short tons
165, 017
United States
short tons., 93, 550
Stocks, end of month—
At millsCanada
short tons.. 54, 214
United States.
short tons.. 32, 709
At publishers, U. S
short tons.. 195, 505
In transit to publishers,
United States
short tons.. 40, 495
Other paper:
Binders' board, production
short tons
Book paper:
Production
short tons 1
Per cent of capacity
per cent
Shipments
short tons i - — Stocks, end of month
..short tons._
New orders—
Coated
p. ct. of normal production
Uncoated p. ct. of normal production
Unfilled orders, end of month—
Coated
davs' production
Uncoated. -_
-davs' production
Fine paper:
Production
short tons i
Per cent of capacity
per cent j
Shipments. ._
__
short tons _ '
Stocks, end of month
short tons
Wrapping paper:
Production
..short tons..
Per cent of capacity
.
per cent..!
Shipments
short tons..
Stocks, end of month
short tons i
All other grades:
Production
.
short tons_.
Shipments
short tons..
Stocks, end of month
short tons
2
Revised.




:::::::::

4, 058

3,598

24, 278
25, 508
4, 620

21,170
53,014

19, 026
49, 300
2.15
16, 922
5, 052

17, 544
52, 061
2.15
17, 924
5,578

16. 790
52, 745
2.15

19,814
5,724

16, 698
49, 314
2.15
19, 800
6, 388

5, 500

4,256

37, 090
29, 169
37, 080
6,156

35, 784
34, 943
36, 232
6,166

37, 818
29, 510
37, 736
5,718

35, 448
23, 109
35, 202
5, 800

38, 080
29, 558
39, 048
5, 986

37, 440
28, 614
38, 262
5,018

36, 092
4, 196

112,224
109,894

105, 666
109, 558
25, 836

108, 924
107, 430
23, 710

105, 294
107, 664
23, 626

111,282
115,200

110, 722

115,960

21, 558

18, 698

37, 174
39, 004
3, 848

35, 202
36, 866

36, 630
38, 522

3S, 156
39, 228

39, 828
40, 948

5,384

6,050

7,524

1,168
1, 062
312

986
942
418

754
890
462

1,078
1,202
326

170,442
171,186

163, 412
168, 894
34, 456

170, 586
172, 350
34, 170

200, 138
215, 752

64.8
218, 157
218, 489
79, 248

205, 084
235, 382
7, 946
70.9
221, 684
221, 261
79, 580

153, 712
61, 067

36, 055
151, 658
61, 365

174, 092
171, 151
176, 228

173, 852
171, 031
ISO, 230

168, 401
173, 936
6, 403
59. 5
182, 208
174, 234
87, 222

19, 876

21,226

2.15

24, 198

32, 416

209, 903
218, 527

7,840

21, 558
21, 528

21,076
3, 936
37, 272

30,511

110,840

5,376
115, 794

117, 122
112,552
19, 770

]

121,774
116,830
120,628 i 117, 158
24, 340 | 28, 720

115, 974
IS, 734

115,022

39, 590
41. 870
9; 076

39, 082
41, 292

34,014

9,594

10,152

35, 880
38, 104
10, 092

33, 722
36, 674
10, 426 i

774
202

1, 072
514
206

844
898
764

1,184
1, 188
710

1, 016
1, 098
706

1,258
1, 190
624

168, 030
172, 456
34, 504

175, 460
181, 756
33, 944

177, 344
180, 454
32, 460

183, 298
186, 266
33, 506

178, 652
182, 056
34, 858

181, 902
181, 176
35, 192

185, 266
187, 594
39, 756 ;

208, 513
223, 990

227, 125
236, 173

206,571

8,200

8,727

7,^903

213,614

213, 686
221, 048
8,114
69.6
222, 927

218, 244
79, 157

221,980
83, 787

70.3
224, 110
223, 328
82, 840

77.8
232, 020
231, 746
82, 058

67. 8
230, 537
227, 806
81, 784

210, 590
222, 511
8,175
70.1
226, Oil
224, 023
79, 053

191,331
198, 296
7,345
71.2
205, 785
203, 202
77, 065

199, 229
162, 528
211,782
173, 258
7,520 !
6, 261
64.5
53.1
211,691
176, 483
209, 660
175, 170
74, 482 ; 72, 451

45, 386
149, 029
61, 327

47, 549
148, 042
47, 206

47, 052
166, 006
49, G98

50, 558
169, 570
50, 630

39, 209
182, 812
49, 968

25, 026
167, 478
45, 541

51, 301
167, 846
49, 326

35, 229
191, 507
50, 838

34,510
197, 699
55, 744

152, 422
161, 171
159, 946

146, 249
160, 175
157, 037

157,119
157, 205
173, 457

161, 265
189, 739
188, 919

179, 836
185, 432
192, 688

174, 325
152, 360
175, 242

179, 340
200, 545
169, 345

150, 403
144, 236
148, 388

160, 660
153, 362
172, 110

4,604

7,685
65.9

2

224, 021

18, 998
36, 542

33, 190
36, 204
10, 006

177,272
182, 014
43, 872

1

42,181

1

34, 292
201^ 597
53, 622

166, 645
225, 495
194, 144

57.00

57. 00

57.00

57. 00

57. 00

57. 00

57.00

57.00

57.00

57.00

57.00

175,643

178,412

165,124

94, 149
66

184, 252
97, 117
63

91 241
64

88, 344
59

182, 731
99, 548
67

193, 971
101, 086
68

202, 607
101, 202
69

205, 838
102, 450
70

187, 005
100, 599
68

164, 552
88, 788
65

182, 1557
101, 990
09 i

184, 755
99, 276
69

173, 601
93, 723

191, 725
98, 616

178, 181
90, 303

162, 303
89, 047

175, 350
97, 225

194, 144
100, 087

202, 280
102, 555

205, 752
101, 819

187. 730

102, 350
90, 901

180, 027

188,845

101,044

48, 735
32, 398
187, 839

42, 963
31, 953
190, 367

50.451
33,517
197, 716

49, 128
32, 007
202, 121

47, 288
S3, 616
203, 944

39, 832
33, 906
189, 990

39, 962
32, 956
17S, 333

39. 754
34, 289
185, 560

39, 850
32, 254
190, 728

42, 259
33, 627
211,142

38. 768
H2, 1)03
217, 889

42, 064

38, 022

34, 379

30, 879

34, 566

39, 041

44, 859

45, 352

44,011

39, 486

39, 02:2 :

1 323

1,695

2, 069

1,535

1,486

1, 809

1,401

1,543

1,515 !

102, 111
6G
2
105, 379
85, 594

98, 563
69
101, 323
89, 440

106, 439
71
104, 097
92, 684

106, 015
71
107, 075
89, 984

113,022

117,609

117,964

114,306

77

118,782

119,026

90, 985

78
113, 140
92, 464

117, 374
79
87, 395

89, 088

57

57
59

53
61

58
60

65

70
67

76
68

64
74

5
5

5
5

6
5

5
6

7
6

6

26, 443
55
27, 606
57, 489

26, 386
55
27, 441
58, 658

26, 408
55
27, 728
59, 723

29, 364
59
28, 395
62, 725

30, 793
64
31, 501

78, 360
90
76, 479
77, 047

78, 074
88
78, 777
75, 146

78, 174
87
76, 845
76.. 051

78, 271

74. 728
74, 062
70, 755

75, 655
75, 895
69, 174

95, 576
67
103, 588
87, 477

\
24, 116
50
24, 526
53, 996

27, 793
56
29, 071

254,398

65, 647
77
64, 925
82, 032

73, 347
79
72, 027

72, 107
81

81,318

80, 021

68, 303
66, 718
67, 468

77, 934
80, 425
C4, 500

77, 505
79, 574
66, 020

69,151

81,315
68, 192

111,327

62. 00

100,440 |

99, 062
36, 777
32, 061
2 i 7, 051
38, 82i
1, 477

125, 335
79

127.466

100, 188
75
101, 090

94, 413

114,302

76

(56
75

65
69

6
6

8
6

6
6

61,758

32, 451
67
33, 100
62, 459

35, 141
74
33, 981
62, 905

32, 534
73
32, 339
61, 340

32, 835
66
34, 707
61, 148

25, 485
52
24, 873
«8, 310

78, 377
88
76, 888
78, 107

79, 261
91
80, 371
76, 582

75, 404
85
76, 083
77, 718

72, 281
88
71, 920
78, 404

71, 826
82
71, 970
78, 047

74, 554
78
73, 137
72, 333

78, 509
83, 882
68, 734

80, 983
81, 268
71, 545

74, 123
74, 186

70, 054
69, 735
67, 618

78, 378
72, 122
65, 594

75, 094

80

69,540

117, 849
90, 353

i

7

6

71,717
65, 777

SURVEY OF CURRENT BUSINESS

40

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931

PAPER AND PAPEE PKODUCTS-Con.
Paper— Continued
Total paper (including newsprint and box
board):
Production
snort tons__
Per cent of capacity
per cent-Shipments
short tons_.
Stocks, end of month
short tons..

1930
i
I

April

March

Febru- January Decemary
ber

638, 510
72
639, 712
416, 077

643, 056
74
643, 146
414, 054

629, 233
73
628, 343
410, 558

583, 748
71
585, 946
408, 407

622,055 i
66 !
621,365
406,587 i

551, 080
65
545, 049
425, 234

62, 268
8,218

65, 452
9,525

64, 910
9,528

56, 001
8,261

53,752 :
9,290

36, 971
12,516

81
71
79

84
65
79

81

S

79
62
75

78
61
74

449,285 402,031 ! 416,282
106,800
95,582 ; 99,754
556,085 ! 497,613 516,036
67 i
65
44

417,407
100, 301
517, 708
55

401, 874
102, 609
504, 483
60

391, 043
93, 875
484, 938
65

382, 305
91, 966
474, 271
77

305,274
77,921
383, 195 i
84

283, 933
75. 507
359, 440
66

50,587

09, 004

Decem- Novem- October \ ^e^m" i August
ber
ber

July

June

May

'

527 714
410,593

38,272
5, 323

53,348
6,942

70
o7

\

596,459
67
604,007
397,011

81
66
77

529 999

05

587,543 591,414 607,700 ! 621,411
70
67
70 j
71
589,218 596,623 i 606,847 i 615,877
406,067 : 408,345 j 413,011 415,681

Paper Products
Abrasive paper and cloth:
Shipments —
Oomestic
reams-Foreign
reams- _
Paper-board shipping boxes:
Operating time—
Corrugated
p. ct. of normal-Solid fiber
.p. ct. of normal. _
Total
p.ct. of normal-Production—
Corrugated
thous. of sq. ft..
Solid
fiber...
-thous. of sq. ft..
Total
thous. of sq, ft..
Rope paper sacks, shipments. .rel. to 1921-22..

35,433
6, 376

53,373
6,552 j

54,721
7,119

82
71
79

80
68
77

438,296 448,910
101,997 I 103,740
540,293 : 552,650
69 i
75

1 346,527
! 82,788
j 429,315
49 j
64

51,948 ! 54,431
7,832
8,705
78 i
68 :
76

63
54
61

60
58
60

FEINTING
Blank forms, new orders
Book production:
New booki
Now editions
Printing activity
Sales books:
N°w orders
Shipments

_thous. of sets- - no. of titles..
DO. of titles.rel. to 1923..
thous. of books..
_thous. of books.

57,819 ;

48,309
656
142

1,070
157
79

724
103
83 :

47,351 ; 45,455 ;
735
147
83

:

8, 096
9, 313

9, 974 !
9, 546 !

71

74

79. 2
90. 1

93. 5
93. 2 ;

82. 8 i
96.4

50,357 •

48,322

55, 266

48, 877

52, 887

48, 751

568 !
150
77

586
117
84

708
178
96

640
220
97

746
107
98

678
136
96

10,514
10,382

11, 587
10, 585

10, 284
11, 079

11, 204
10, 669

10, 054
10, 652

770 !
194 i
76 j

10,663 i 10,275
10,664
11,241

10,511 ! 10,321
10,501 j 9,997

625

i

150

;

95

95

10, 735
10,454

9, 455
10.893

BUBBEE AND BUBBEE PBODUCTS
Production index (Fed. Res.
Bd.), auto tires and tubes. .. rel. to 1923-25..
Production index (elect, energy
consumed)
rel- to 1923-25..
Stocks end of month
„ rel. to 1923-25. -

2

79 ,
88. 0
94.3

112

126

123

107

98

94

88

73

97, 4
112. «

121. 0
121.0

122.3
120.6

109,0
118.1

109. tj
118.4

112.9
113.0

99.0
107.4

Si, 3

; 10. 6

«99, 135
383,894
46,939

35, 844

44, 90S

i &2, 480
68, 593
40, 7^

34, 374

36,598

s 66, 2 8
•" 52, 2c-4
37, 370

.063

.064

.064

.077

.076

.082

90
98. 5 ;
102.4

Crude Rubber
Consumption, quarterly:
3 76 Q41 ;
Total
long tons,.
l
361,283 ..
For tires
long tons..
41, 398
38,933
39,033 j 44,052
Imports (including latex)
—long tons.. 53,818
45,103
Prices, wholesale, smoked sheets,
.050
.050
.054 i
.063
New York
dolls, per Ib __
. 046
. 04i> i
Stocks, domestic, end of quarter:
3 4C 770
'
Afloat
---long tons..
343,525
.
Dealers
- - long tons..
3171,296—• —
Manufacturers
-long tons.Total, dealers and manufacturers
:
_
long tons..
?214,821 ....
.
—
66,529
65,392
66,600
World shipments, plantation..
long tons.- _ _ _ _ _ _ _ ' - 71 >,it , 71,511
World stocks, end of month:
;
86, 465
84, 644
84, 156 i 90, 768
•Vfloat
long tons..
91 2^
Europe
long tons..
_. j p i 424 lou, 638 137,597 140,192 ] 139, 2:>1
41 fm
39,253
42,779 ' 43, 3G4
Producing countries
long tons _
a" 11 ",
United States
long tons._ 3 2 f , 0 ' 5 j 2'»(. °"> -75, 750 258, 352 244, 627 , 235, 746
539,907 519,846 511,754 509,139
World total
long tous..
Reclaimed rubber:
6 }3S
6. 907
7,778 '•• 8.929
Consumption
- - .- long tons. . " }H 1 *» ftt.
8, v ' o
8,955
9,402 i 10,506
Production
-.long tons..
S, 2-5 1 7 34 J
11 :73
13,781
13,732 i 14,176
Stocks
- .long tons.. i "> 40(.
H MO
Scrap rubber:
!
Stocks at reclaimers, end of
- 3 GO 406
quprtfT
long tons..
Tires and Tubes
Pneumatic casings:
Production
Shipments—
Domestic
Exports
Stocks e n d o f month
Solid and cushion tires:
Production
Shipments—
Domestic
Exports
Stocks end of month
Inner tubes:
Production
Shipments—
Domestic _
Exports
Stocks, end of month
Raw material consumed:
Fabrics
Crude rubber

;
__|
!j

thousands..
thousands J
. . thousands .
;
thousands _
!
thousands,.1
thousands,
thousands _i

52, 658
» 43, 711
*139,613

!
;
•
j
!
!
>
'

thousands

thous. of Ibs ,
thous. of ins '

i

2.001 i

10
;
4°

68, 628

86 867
140,265
43,760
225, 346
496,238

93, 379
143,747
41, 176
219, 405
497, 707

'

10,175
13,082 j
14,804
j

63, 395

3 187,753
71,218

65, 719

9,161
12, 338
14, 685
3

» 59 103

57, 198

z jss 379
05, 661

86, 469
130, 247
43, 958
210.611
471,285 |

9, 709
12,032 I
14, 700 !

65,714
82, 687
127, 553
43, 154
207, 085
460,479

81. 479
121. 131
30, 118
201.000
439. 728

8, 582
9, 728 :
16*373 :

8, 424

10,110

15,102

j

(', 759
9, 469
17, 520
3 .-/j. 4^4

i

2,538

13
1
43

3,125;

3,941

4,538

4,543

3,955 ,

3, 730 j

3, 188

2,940

3. 034
111 :
6,527

3, 845 i
123 !
7,117

4, 244 i
125 !
7,936 j

4, 320
137
8,358

4,197
135
8, 250

3,894
142
8, 025

3, 143
155
8, 012

2,580
142
7,629

2,855
140
7,166

10

12 I

13 i

12

11

12

11

12
1
46

2,379

15 i
1!
51 i

15
1 :
55

14
1
57

14
1
61

14

Ji

15
1
69

;

|

2. 251
:

2, 550
139
7, 203

11

13 :

13

12
1i
73

12 '.
1 ;
75 i

12
l
7fi

] Ov^ i

2,462

2,759

3,548 '

3,964 i

4,286

4,330

3,693

3, 560

3,133

2, 898

2, 44S

2, 187
63
6,657 ;

3, 247
73
6,476

4, 158 '
82
7,019 ;

4, 509
96
7,672

:

4, 228
89
8,403

4, 135
89
8, 439

3, 610
99
8, 330

2,922
109
8, 380

2,619
101
7,937 I

3,147
102 !
7, 552

2, 634
' 96
7, 999

11.745 ' 15,140: 17,085
36,232 : 4(5,697 ! 51,280

18, 010
53, 418

15, 244
45,016

14, 041
41, 851

12, 002
12, 738 |
36, 651 ! 36,319

8, 358
25, 537

0,263
2\372

:

9, 5S5
29,854 >

:

!
j
13, (>54 | 14, oil
10, 221
23, 2oo ,

2 Revised.

< 44, 280
3 " S 804
'- I 9 '* 575

78. 159 ' 88,959
112, 520 137, 452
42, 806
45, 782
224,211 215, 523
487,696 487,716

10,220
12,535
14,431

:

'> 022
,"4
o, 4 ( j».
s ;;fji
25 ( 2'-

Miscellaneous Rubber Products

. .

»183,324
62,090

.059
•

> 49, 471
» 49,613
8
138,140

i
I

2 223 i 2, 185
96 i
!
S7 i
i
I f ) 3 3 5 6,640 ;
|
f
11
<
» i

thousands.,
thousands
thousands

Calendered rubber clothing:
Net orders
no. coats and sundries..
Production.
_no. coats and sundries. _




8

1
..thousands..

3

|

i

!
20, 925 : 23, 906 i 21, 580
17, 932 i 21, 161
19,773; 2 2 , 7 2 8 ! 27, OSO i 14,131! 15,419 !
3

19, 380
18, 094

16,846
16, 803 ;

Quarter ended in month indicated.

19,380 i
19, 220 1

16. 361
18,276

21,884
13,059

12.881
20, 791

41

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931

Decem- Novem- October Septem- August
ber
ber
ber

1

1930

;
!
July i June 1

May

April

Febru- January
ary

March

December

RUBBER— Continued
Miscellaneous Rubber Products— Con.
Mechanical rubber goods, shipments:
Belting.
thous. of dolls..
Hose
thous. of dolls..
All other
.thous. of dolls..
Total
thous. of dolls..
Rubber bands, shipments
..thous. of lbs__
Rubber flooring, shipments., -thous. of sq. ft_.
Rubber and canvas footwear:
TennisProduction
thous. of pairs
Shipments, domestic thous. of pairs _
Exports .
..thous. of pairs..
Stocks
._
thous. of pairs. _
Waterproof, totalProduction
thous. of pairs. _
Shipments domestic thous. of pairs
Exports
.thous. of pairs. .1
S tocks
. . thous. of pairs. _
Grand totalProduction
..thous. of pairs..
Shipments, domestic. -thous. of pairs..
Exports
thous. of pairs _
Stocks
..thous. of pairs. _
Rubber heels:
Production
_ thous. of pairs _
ShipmentsExports
.thous. of pairs _
Repair trade.. thous. of pairs..
Shoe manufacturers thous. of pairs
Stocks end of month
-thous. of pairs _
Rubber-proofed fabrics, production:
Auto fabrics
thous. of yds..
Raincoat fabrics
thous. of yds..
All other.
thous. of yds..
Total
thous. of yds..
Rubber soles:
Production
thous. of pairs _
Shipments —
Exports
thous. of pairs
Reoair trade
_ .thous. of pairs. .
Shoe manufacturers.. .thous. of pairsStocks end of month
thous. of pairs

483
85G
961
2,300
197
462

601
972
1 105
2,678
225
550

788
1,041
1,186
3,015
201
595

802
1,161
1,393
3,356
195 !
595

914
1,436
1,356
3,706
246
577

I
i
1
!
i
;

798 ;
790
1,650
1,857
1,431
1,584
3,879 4,231
209
215
576
669

832
2,129 !l
1,656
4,617 i
259
569 |

889
1,892
1,631
4,412
231
496

722
1,611
1,378
3,711
222
366

759
1,440
1,400
3,599
211
365

675
1,337
1 326
3,338
165
597

1 443
446
29
7,044

1 231
589
44
6,076

1 012
1,263
72
5,473

1 021
1,223
29
5,704

836
1,520
125
5,957

i
<
i
|

1 999
2 142
2 657
3,316
100
121
6,766 i 7,523

2 591
4 049 i
150 1
8,833 i

2 609
3,107
236
10, 328

2 492
2 688
200
11,047

2 409
2,377
110
11,447

1 875
871
175
11,633

2,773
3 186
59
13, 323

3,131
4 318
153
13, 804

2,922
4 185
186
15, 141

2,361
2 842
151
16, 366

1,570
1,510
117
16,978

1,922 1 1,261
1,229
626
108 !
50
17,024 ! 16,357

1,102
1,070
72
15, 733

874
944
53
15, 803

958
1,015
92
16,030

1,272
1 549
74
16, 179

2,214
3 888
63
17, 172

4,217
3, 632
88
20, 367

4 363
4,907
197
19, 880

3,934
5,448
258
20,615

3,382
4,065
180
22, 070

2,407
3,030
242
22, 935

3,921 i 3,402
3,886 :! 3,942
208
171
23, 789
23, 881

3,693
5, 119
222
24, 566

3,483
4,050
288
26, 130

3,450
3,704
292
27, 077

3,681 i
3,926 i
184
27, 627 i

4 089
4, 759
237
28, 806

11, 455

14 567

15, 827

16, 293

15,361

17,093

15,474

15, 408

14, 661

13, 156

12, 973

13 101

591
4,537
6,610
25, 213

617
5,924
7 484
24 652

501
6,994
9 724
23, 952

514
5,355
11 653
25, 832

540 '
630
4,058 ! 4,946
11,177
10,522
27,006
27,898

612
3,975
9,693
28,491

578
4,038
10,112
27, 764

577
4,868
10, 991
26, 708

658
4, 854
8,397
29, 335

748
3,939
8,471
30, 302

838
3, 450
6 618
29 741

394
1,267
868
2,529

445
2.476
1,191
4,112

528
2,988
1,176
4,692

596
2,226
965
3,787

531
1,843 ;
963 ,
3,337

701
1,355
1,156
3,212

982
1,066
1,002
3,050

710
1,040
1,271
3,381

738
863
1,168
2,769

644
567
973
2,184

577 1
738
891
2,206 i

476
697
736
1, 909

2,840

2 610

2,880

2, 933

2,864

3,177

2,885

2, 692

2, 292

2,724

2,481 '

3 021

29
308
2, 579
2, 180

45
370
2, 273
2 153

90
290
2,604
2,264

67
234
2,790
2,395

67
196
2,569
2,475

59
225
2,899
2,461

62
330
2,651 '
2,655

69
255
2, 474
2,764

14
408
2,145
2,876

36
290
2,259
3,167

11
287 !
2,090 !
3,032 i

58
243
2, 305
2 917

42.0

44.0

50.0

46.7

49.0

60.0

;

48.7

65.3

48.0

53.3

48.7

104.8 ;'
154.5
25. 0

118.7
164.2
26. 6

132.0
174.9 i
27. 3 i

116. 5
175. 5
23,7

105.1
179.4
25.5

102.6 i
173.4 I
24.2 I

75.3
165. 0
28.0

100 6
166 0
33*8

640
521
3 660 :
669 |

540
574
3 652
733

649 i
569
3,684
781

533
579
3, 698
784

395 :
522
3, 734
685

338 i
369 1
3,836
708

310 i
303 !
3,856
778 i

494
355
3 823
778

4,140
3,718 i
1,493
910
3,306
3,367
12, 545
11, 594
6,720 ! 5,245 !

6 053
1, 846
4 277
12, 070
9, 125

23l"
587

93l"
763

!

STONE, CLAY, AND GLASS
New orders
rel. to 1923-25...
Production index (elect, energy
consumed)
rel. to 1923-25..
Stocks end of month
rel. to 1923-25
Unfilled orders, end of month _rel. to 1923-25 .

!

113.8
146 6
23 2

113 4
2 140 7
2
23 4

113.9
150 9
8
24.0

105.9
143.9
224 5

325
318
3,521
457

422
479
3 516
534

434
454
3 577
587

425
477
3 602
639

1

3 190
634
3 350
10 035
10, 485

6 521
977
4 657
12 347
11, 437

6,943
872
4 922
10,866
11, 532

5,989
805
5,506
10, 698
10, 838

1, 659
1, 396
5,855 !

1,814
1, 537
5, 872

1 779
1,941
5, 709

1 820
2,310
5 536

1,859
2,213
6,930

1, 508
47 2 |
6,387

1,692
55. 1
6,745

2, 128
64 2
6,713

1,948
62 0
6,860 !

2,239
68.6
7, 591

69.0
150 5

2

J

62.3

Brick
Face brick (average per plant):
Production
thousands. .
Shipments
thousands
Stocks end of month*
thousands
Unfilled orders, end of month-thousands..
Sand-lime brick:
Production
... .thousandsShipments by rail
thousands..
Shipments by truck
thousands
Stocks end of month
thousands.
Unfilied orders, end of month-thousands- _
Glass Containers
Net orders
thous. of gross.Shipments
thous. of gross..
Stocks, end of month . ... thous. of gross..
Production:
Total
thous. of gross. .
Per cent of capacity
Unfilled orders, end of 'month, thous. of gross..
illuminating Glassware
New orders
p. ct. of capacity.
Production:
To^al
no. of turns
Per cent of capacity
. __ .
Shipments
. .p. ct. of capacity..
Stocks end of month no of weeks' supply
Unfilled orders, end of
month
no of weeks' supply
Plate Glass
Plate glass, polished, production
thous. of sq. ft—

292
222
3 514
383
1

6,518
529
6 424
10,199
10,710

6,664
494
6,758
8,975
9,960

5,084 ! 3, 999
1,698
1,595
3,330
4,375
11, 119
10,724
6,513 1 6, 232

2, 102
2,180 ;
6,887 !

2, 465
2,491
6,086

2,268 i1
69 6 i
8, 268

2,565
75.9
8, 625

2, 119 i
2,545 1
6,003 i
i
2,481 !
73.4 1
9, 127 |

4,869
1,466
3 743
12, 566
7,070

1, 952
2,291
6, 078

2, 250
2,479
5,974

2,342
1,972
6,307

2, 634
2,041 |
6,696 1

2, 404
71.4
9, 785

2,166
64.4
10, 340 '

1,777
57.2
10, 913

1,776 i
52.8 1
10, 761

20.8

26.6

26.3

24.8

24.3

29.3

27.3

28.6

32.4

1 774
23.7
20.7
3.8

2 276
30 4
30.1
3.7

1 679
22.4
26.0 •
.9 i

1 607
21. 4
21.6
.8

1 492 '
19.9
24.0
3. 9

2 161
28. 8
28.2
4. 1

2 037
27.2
26.8
4. 1

2 086
27.8
28.8
4, 1

2, 108
28. 1
28.7
4. 1

.8

.8

.8

.8

.2

.2

.8

,9

3,385

4,532

4,611

6, 088

7,216

7,554

9,466 ! 10, 174

2, 918
2,025
2,094 ! 2, 544
17, 992 | 19, 597

3,142
3,683
21, 957

4,740 ! 4, 571
4, 533 ! 5, 761
25, 236
23, 45C

6, 796
5,577
24,641

6, 213
5,237
27,850

4, 824 ! 6, 898
4,665
4,093
28,394
28, 248

7, 697
87. 77

10,476
98.91

10,804
98.96

11,387
99.16

116, 794 122, 977
127, 954 I 139,005
529f 531 533, 305
161, 435 i 172,595

121,324
135,292
554,939
188,623

136,285
134,549
574,304
202,591

119,922
128,574
593,268
200,855

2

1 837
2 i ? 450
6, 697

2

2

1, 627
50. 1
9, 465

2
2

27.0

30.7

26.5

i

1,818

i
i

25.9
4.2

2 183
29. 1
28.7
1.1

1 912
30.9
27.6
5. 1

1

.7

10, 593 •

8, 882

:

24.2

.2 >

.7

7,321

4, 941

6,163 1 5. 570
4,178 ' 3', 699
30, 004
30, 259

4, 559
4,597 i
29, 347

4, 586
3, 259
29, 598

32, 541
98.84

31, 497
97.86 ;

30, 526
96. 49

29, 863 i
99.26 ;

30, 400
98. 52

93,108
117, 105
597, 476
209, 507

64, 260
133, 802
583, 099
233, 504 ,

150,451
184,563
552,403
303,046

250, 183
172, 334
594, 886
337, 158 ; i

131, 807
108, 065
623, 125

Plumbing Fixtures

Porcelain:
Net new orders.
number of pieces..
Shipments
number of pieces. _
Stocks, end of month— .number of pieces..
Unfilled orders, end of
month
number of pieces
Wholesale price, 6 pieces
dollars..
Vitreous china plumbing fixtures:
New orders
pieces..
Shipments
piecesStocks, end of month
piecesUnfilled orders, end of month
pieces-• Revised.




4,832
93.52

6,072
94.15

5 887
96. 12

96, 004
102, 150
522, 721
192, 863

135, 931
125, 891
501, 972
199, 009

182,938
155, 404
506, 901
188, 969

7 104 i
96.32 !

* Adjusted to account for degrading and year-end physical inventories.

259,309

SURVEY OF CURRENT BUSINESS

42

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

Decem- Novem- October j
ber
ber

K6rm° August

July

June

;

May

April

March

Febru- January Decem\ ber
ary

STONE, CLAY, AND GLASS— Continued
Portland Cement
Per cent of caoacity
-- - Prices, wholesale, composite. .-dolls, per bbl._
Production
thous. of bbls__
Shipments
-thous. of bbls._
Stocks end of month
thous. of bbls..
Stocks', clinker, end of month. .thous. of bbls.-

26.4
1.310
5,998
4,142
24, 075
7,081

37.2
1.310
8,161
7,156
22, 223
26,215

47.4
1.318
10, 762
12, 360
21, 218
6,021

55.3
1.331
12,092
13,671
22, 736
6,918

60.2
1.331
13, 549
15, 172
24, 313
8,468

62.0
1.331
13, 899
15, 545
25, 934
10, 209

65.4
1.364
14, 118
16, 077
27, 602
11, 837

62.8
1.399
14, 010
14,200
29, 554
13, 087

52.1
1.422
11, 245
11, 184
29, 715
13, 854

36.9
1.477
8,245
7,192
29, 676
13, 318

29.4
1.543
5,920
5,074
28,612
11, 946

29.5
1.586
6,595 !1
4,692
27, 759 ,
10,384

38.2
1.591
8, 480
5, 688
25, 883
8,809

2, 252
223

1, 269
115

1,997
194

4, 290
386

3,955
361

5,117
480

7,547
719

4,180
412

2,598
291

3,138
315

3,226
335

3, 231
324

3,799
350

2,866

3,342

Terra Cotta
Terra cotta, new orders:
Quantity—
Value

net tonsthous. of doiis..

Tile
Floor and wall tile:
Production. ._
thous. of sq. ft._
Shipments—
Quantity
thous. of sq. ft._
Stocks, end of month. „.._ thous. of sq. ft_.

3,690

4,145

4,346

4,120

4,090

3,861

3,535

2,656

3,587
15, 261

3,542
15, 158

4,308
14, 556

4,316
14, 518

3,998
14, 715

3,744
14, 623

2,923
14, 506

3,656
13, 895

2,541 !
14, 895

2, 937
14, 570

99.0
62.9

89.5
64.2

86.7
65.4

90.9
65.4

96.6
66.3

96.8
67.6

101.0
69.2

91.4
70.4

86.7 1
71.0 |

61.4
72.4

97

93

i

87

TEXTILES
New orders
_.rel. to!923-25._
Prices, wholesale...
_— -rel. to 1926..
Production index (Fed. Res.
Bd.)
rel. to 1923-25..
Production index (elect, energy
consumed)
rel. to 1923-25. .
Stocks, manufactured goods,
end of month
rel. to 1923-25. _
Stocks, raw materials, end of
month
rel. to 1923-25-.
Unfilled orders end of month rel to 1923-25
Imports:
Burlaps
Fibers

97.5
60.7

59.2

102.4
61.5

84

289

93

100

100

102

97

98

98

89.8

93.4

98.2

98.7

95.0

98.2

100.5

103.7

100.0

97.3

99.3

86.4 !

89.8

97.3

90.5

86.8

86.5

90.3

88.9

90.8

90.7

93.4

94.1

92.4

100.0 !

109. 2

288.9

2289.6
33.4

250,2
234.1

169.8
235.2

133.2
39.0

133.5
40.5

148.9
239.0

161.2
242.0

176.8
46.4

196.3
46.5

212.2
44.8

229.9 !
38.9

241. 8
34.3

21, 123
19, Oil

32, 428
13, 774

35, 432
17, 320

37, 504
17, 118

45,618
18, 277

35,604
21, 993

42, 942
18, 622

37, 732
14, 102

30, 481
21, 719

34, 945
19, 574

42, 176
21, 326

35, 062 i
19, 162 i

44, 591
20, 429

4,155
4,394
4,118

4,902
4,790
4,020

5,058
5,115
4,743

4,716
4,941
4,521

4,278
4,540
4,188

4,279
3,777
4,069

4,654
4,561
4,572

5,029
4,772
4,719

4,808
4,925
4,627

4,919
4,982
4,486

4,534
4,360
4,199

4,297
3,898
4,134

9,114

9,107

9,408

9,730

9,869

10, 177

9,990

9,864

9,914

10, 120

10, 579

10,704

2,263

2,641

2,637

2,814

3,139

3,511

3,200

3,225

3,042

3,260

3,420

3,355

1,402
984
1,027

1,195
967
1,017

1,008
1,077
1,015

1,050
1,169
1,088

2

86

Burlaps and Fibers
thous. of lbs_.
long tons

-

Clothing
Hosiery:
New orders
thous. of doz. pairs..
Net shipments
thous. of doz. pairs..
Production
thous. of doz. pairs
Stocks, end of month
thous. of doz. pairs
Unfilled orders, end of
month
thous. of doz. pairs-.
Knit underwear:
Net shipments.. -thous. of doz. garments..
New orders
-thous. of doz. garments. .
Production
thous. of doz. garments. _
Stocks, end of
month
thous. of doz. garments..
Unfilled orders, end
of month
thous. of doz. garments..
Men's and boys' garments cut:
Overcoats
_.
thous. of garments..
Separate trousers
thous. of garments _
Suits
thous. of garments. Overalls:
Cut
thous. of doz. garments. _
Net shipments, .thous. of doz. garments..
Unfilled orders,
end of month. -thous. of doz. garments..

1,226

284
1,121
923

521
1,764
1,313

1,562

1,509

1,488

1,201

1,631

1,869

1,805

639
2,363
1,662

573
2,436
1,926

464
2,187
1,849

299
2,336
1,702

j

132
2,157
1,749

191
2,017
1,878

303
1,845
2,370

251
1,708
2,028

160
1,580
1,714 |

159
1,232
1, 222

234
223

222
218

1

;

137

41

36

!

42

161

Cotton
Consumption by textile mills
bales. . 415, 517
Consumption by textile mills__rel. to 1923-25. _
81.0
Exports, unmanufactured:
Exclusive of linters
thous of bales
1,181
Total
- thous. of dolls .
Qinnings
thous. of bales .. 15, 358
Imports, unmanufactured
bales.. 12, 705
Machinery, activity of spindles:
24, 638
Activity spindles
thousands
184
Activity per spindle
hours..
Total activity
- . .mill, of hours
5,951
Per cent of capacity
per cent
79.3
Prices:
To producer
dolls, per lb_.
.055
In New York, middling
dolls, per lb._
.063
Production, crop estimate
thous. of bales..
Receipts into sight
thous. of bales
1,819
Stocks, domestic, end of month:
Mills
.
thous. of bales
1,631
Warehouses .
thous. of bales . 10, 426
Total, mills and warehouses
_ __.
thous. of bales
12, 056
Total, mills and warehouses
_ . ..rel. to 1923-25
320.7
Stocks, world visible, end of month:
American
thous of bales
8,403
Total
- - - thous. of bales. . 10, 193

428, 870
83.6

462, 025
90.0

463, 704
90.4

425, 819
83.0

450, 884
87.9

453, 901
88.4

465, 363
90.7

508, 691
99.1

490, 509
95.6

433, 376
84.4

1,071
15, 023
5,986

1,014
39, 838
12, 130
2,636

658
23, 457
5,408
5,426

211
9,898
565
7,236

259
13, 525
7
9,305

255
13,517

336
18, 928

392
22, 948

433
25, 402

14, 134

15, 189

17,258

605
35, 961
13, 756
10, 266

24, 861
186
6,014
85.8

25, 188
203
6,595
85.1

25, 237
201
6,540
88.1

25, 623
190
6,193
81.8

25, 826
200
6,528
86.0

25, 898
202
6,630
86.8

26, 379
204
6,733
89.6

26, 669
216
7,125
94.1

26, 504
211
7,000
91.0

.061
.065
16 918
3,035

.053
.064

.059
.065

.063
.072

.085
.093

.077
.090

.088
.093

.093
.102

.096
.109

4,082

1,623

333

277

103

341

358

447

513

1,441
10,696

1,116
9,450

776
6,297

840
4,426

996
4,524

1,131
4,971

1,258
5,490

1,371
6,033

1,478
6,658

1,550
7,314

12, 137

10, 566

7,072

5,266

5,520

6,102

6,748

7,404

8,136

8,864

9,557

10, 031

322.8

281.0

188.1

140.1

146.8

162.3

179.5

196.9

216.4

235.8

254.2

266.8

8.346
10, 191

7,299
9,184

5,275
7,113

4,498
6,435

4,775
6,899

5,236
7,572

5,861
8,346

6,302
8,883

6,826
9,332

7,381
9,958

7,576
9,897

7,841
9,897

59, 501
81,606

63, 014
78,027

70, 138
76,245

65,983
71, 615

56,153
74,662

57,412
77,335

67,704
74,436

86, 612
72,973

87,318
65,145

76,847
64,546

68,380
65,704

70, 301
68, 420

4

405, 117 i 405,518
87.7
79.0

11, 165

533
31, 198
13, 593
11, 299

766
47, 230
13, 258
4,461

25,798
184
6,122
87.3

25,628
191
6,365
80.7

25, 550
176
5,924
75.9

.091
.110

.086
.102
729

.087
.101
8 14, 243
1,627

1,618
7,939

1,656
8,376

Cotton Finishing
Printed only (mills and outside):
Production .
thous. of yds
Stocks, end of month
thous. of yds._
' Revised.




55, 791
76, 981

< As of Dec. 1<

* Final estimate for 1930.

SURVEY OF CURRENT BUSINESS

February, 1932

43

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

19;U
Decem- Novem- 1 October
ber
j
ber

Se

P*rem-

August

July

1930

June

;

April

May

March

February

January December

TEXTILES— Continued

j

Cotton Finishing— Continued
White, dyed, and printed (outside mills):
Billings, finished goods
thous. of yds.. 48, 029
New orders, gray yardage__thous. of yds.. 40, 028
41
Per cent of capacity
per cent..
Shipments, finished goods..
cases.. 27, 290
Stocks, finished goods, end of
20, 175
month
cases
1.6
Unfilled orders, end of month
days..
Abrasive cloth. (See paper products.)
Cotton Goods
Cotton cloth:
Imports
-,_
thous. of sq. yds_.
Exports.
_
thous. of sq. yds.Cotton textiles:*
New orders
-thous. of yds..
Production
... thous. of yds..
Shipments
thous. of yds_Stoeks, end of month
.thous. of yds..
Unfilled orders, end of
month
thous. of yds..
Elastic webbing, shipments. -.thous. of dolls..
Fabric for tire manufacture,
consumption
thous. of lbs~
Prices:
Print cloth 64 x 60
dolls per yd
Sheeting, brown
-dolls, per yd..
Cotton goods (Fairchild)-.rel. to 1911-13..

40,516 i 48, 237 i 49, 252
38,304 i 44,515 1 45, 782
43 !
48 ;
49
22,828
26,811 j 27, 207

44, 982
44, 372
48
24, 483

46,831
61,577
41,119
45, 233
45
47 !
27, 221
24,916

18,887 i
1.6 :

16,433
1.6

18, 321
1.5 i

17, 467
1.6

18, 095
1.7

16, 404
1.5 (

1,958
29, 897

2,185
25,699

1,692
30,309

4,326 i 3,937
36, 272
34,370

52,537
45,937
51
30,109

i
!
i
!
1
17,141 !
1.9 !

50, 166
49, 679
56
30, 593

43,642 1
46, 370
47
29,031

47, 500
39, 749
40
23, 888

17,071
2.6

20,134
2.6

23, 593
2.6

3,920 I 2,810 i 2,530 ! 2,148
25,188
30,961 } 30,776 j 33,392

2,641
31, 488

1, 658
29, 388

4,026
30, 759

2,551
27,210

204, 916
254, 692
237, 834
290, 248

224, 207
231, 446
213, 889
273,390 i

333, 679 287,708 i 167, 555
227,116 | 272, 118 209, 050
216,207 j 278,049 227, 644
255, 833 244, 924 250, 855

158, 353
192, 545
211,331
269,449

355,902
260,163
273,871
288,235

160,029
225,392
205,603
301,943

322, 039
654

354, 957
715

344, 639
969

227, 167
1,031

217, 508
969

277, 597
1,015

330,575
1,018

248, 544
1,124

8,361

9,263

9, 585

11, 745

15, 140 ! 17,085

18,010

.034
.044

.036
.047
87

.038 ;
.046 i
91 ;

. 041
.050
95

.043
.052
100

.049 !
.056 i
111

1
i
!
|

.048
. 054
112

.050 !
.058
115 j

60,590
50,394
52
31,176

i 61, 803
! 57, 872
58
!
! 35, 334

16,677 ! 17,641 \
2.7
2.7

137,749 295, 334
225,955 ' 271,638
217,582 i 317,185
282,154 | 273, 781

326, 691
212, 168
248, 354
319, 323

239,106
202, 149
210, 597
355, 514

182, 656
234, 052
226, 951
363, 962

294,118 i 373,951
1,363
1,199

395,802
1,180

317,465 i
1,041

288, 956
921

15,244 i
.053
.059
119

;

12,002

12,738

.055
.059 !
121 |

.053
.065
119

.052
.062
120

.053
.065
122

10, 968
13, 420

12, 665
13, 795

9,582
13, 531

42, 407

39,963

38, 920

.239
.390

.248
.390

.247
.390

14,041

I

8,358

Cotton Yarn
Carded sales yarn:
9,349
Production
thous of Ibs
Stocks, end of month
__thous. of lbs_. 10, 861
Unfilled orders, end of month
thous. of Ibs— 31, 506
Prices:
.181
22/1 cones, Boston
dolls, perlb..
.295
40/ls southern spinning
dolls, per lb_.
Floor Covering
Felt base:
New orders
thous. of sq. yds..
Production
thous. of sq. yds..
Shipments
thous of sq yds
Linoleum:
New orders..thous. of sq. yds.. -.
Production
thous of sq yds
Shipments
thous. of sq. yds..

!

10, 858
9,382

10, 295
10, 023

11, 800
10, 181

10, 067
11,195

13,377 i
11,212

11,081 ! 11,536 i
12, 537
12,240

29,819

31, 351

32,951

34,017

34, 914

38, 825

.201
.326

.212
.336

.225
.352

.215
.352

6,432
6, 463
7,944

5,626
8,228
5,621

4,810
9,012
5,577

1,725
1,792
1,627

1, 619
1, 605
1,492

1,47!
1,826
1,496

3,760

6,609

6,465

11, 574
9,832

14,703
9,461

32, 519

32, 943

.192
.312

.189
.315

--

.223
.353 |

.231
.369

40,979
.240
.382 i

13, 662
11, 368
10,389 ! 6,960
10, 169
13, 383

9,215
6,400
8,575

7,901
6,757
8,239

6,850
6,387
7,043

7,925
5,076 i
7,295

6,621
5, 261
5, 749

2,257
1, 817
2,306

1,932
1,845
1,912

2,002
1,901
2,112

2,459
1,945
2,375

2, 837
1,303
2,602

2,048
1,364
2,173

2, 278
1,285
1, 697

6,033

4,474

6,324

5,615

6,693

6,049

4,496

3,048

Fur

Sales by dealers

thous. of dolls..

Pyroxylin-Coated Textiles
Pyroxylin spread
Shipments billed
Unfilled orders end of
month

... thous. of Ibs.
thous. of linear yds..

2,083
1,902

1,759
1,709

2,333
2,184

2,822
2,419

2,667
22,411

2,621
2,375

4,001
22,814

4,060
3,186

4,273
3,301

4,081
3,394

3,044
2,724

2,565
2,333 |

2,353
2, 126

thous. of linear yds_.

1,789

1,986

2,180

22,401

2,751

2,615

2,656

2,810

2,962

3,358

3,058

2,735

2,031

Rayon
Imports
Price, 150 denier, "A" grade,
^New York
Silk

thous. of lbs._
dolls, per lb_.

Deliveries (consumption).
__bales_.
Imports raw
-thous. of lbs__
Prices:
Kaw, Japanese 13-15, New
York
._
dolls, per lb._
Silk goods, composite
-dolls, per yd._
Silk machinery activity:
Broad looms
p. ct. of normal-Narrow looms
p ct. of normal
Spinning spindles
p. ct. of normal-Stocks, end of month:
At warehouses
bales. .
\t manufacturing plants
bales.

91

71

107

239

299

276

202

225

295

439

274

154

0

.75

.75

.75

.75

.75

.75

.75

.75

.75

.75

.75

.75

.95

48, 432
8,861

50, 645
9,639

56, 668
9,524

53,819
7 331

46, 454
7,167

44, 746
6,724

42, 161
6,409

45, 073
6,620

41, 356
4,823

55, 383
7,725

54, 242
7,318

55, 910
7,405

55, 424
9,877

1.970

2.315
.98

2.266
.98

2.315
.98

2.512
.98

2.364
.98

2.463
.99

2.266
.99

2.266
.99

2.561
.99

2.709
1.00

2.807
1.02

2,709
1.02

89.4
41.8
51.7

83.9
42.4
56.4

93.0
38.0
56.4

90.5
48.3
53.4

79.4
38.2
48.7

76.4
35.3
44.6

75.6
43.9
42.8

76.3
42.5
49.5

90.9
44.6
51.8

93.8
44.2
58.6

96.5
51.7
58.9

94.0
39.2
55.2

94.0
35.8
65.8

69, 460
24, 651

67, 275
23, 435

49, 921
23, 176

36,099
20,044

41,878
21, 122

29, 921
16,990

37, 352
18, 706

32,688
18, 206

35, 497
20, 425

47, 407
22, 231

45, 399
23, 124

51, 814
2 22, 227

58, 430
24, 242

47, 710
100.7

40, 373
85.2

38, 420
81.1

33,856
71.5

30, 007
63.3

21,258

15,348

11, 687

13, 767

10, 920

82

76

75

67

67

44
42
54
57

44
34
59
66

39
30
59
60

29
28
49
47

29
26
46
43

55
57

57
57

66
54 i

48
52

45
52

Wool
Consumption at textile mills,
grease equivalent
thous. of lbs_. 31, 625 35, 424 42, 990 47, 548 61, 140 53, 886 45, 805 52,199
110.2
107.9
113.7
96.7
90.7
100.4
74.8
66.7
Consumption at textile mills_..rel. to 1923-25..
Imports:
9,679
12, 987
16,868
14, 168
13, 463
6,977
11, 677
10, 536
In condition, imported
thous. of Ibs..
Machinery activity, hourly:
116
107
97
115
74
109
65
86
Combs
p. ct. of hours active. .
Looms38
38
40
46
38
40
26
30
Carpet and rugs.p. ct. of hours active45
45
43
46
39
44
26
31
Narrow
p. ct. of hours active. .
64
58
70
61
44
49
63
45
Wide
p. ct. of hours active-64
65
60
60
53
61
40
48
Set of cards
p. ct. of hours active..
Spinning spindles64
60
66
61
63
53
46
39
Woolen
. _p. ct. of hours active. .
83
73
78
66
49
70
50
51
Worsted p. ct. of hours active..
* Months of March, June, September, and December 1931, contain 5 weeks, other rrlonths 4 \vreeks.




2 E evlsed.

SURVEY OF CURRENT BUSINESS

44

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931

ecein-^No^in- , October Septem- August
ber

July

1930

June

May

April

March

Febru- January
ary

December

TEXTILES— Continued
Wool— Continued

Prices:
Raw, territory, fine, scoured. dolls, per lb_.63 !
.62
.62
.65
.72
.63
.66
.66
.58 1
.58
.58
.68 i
.62
Kaw, Ohio and Penn. fleeces, H blood,
.22
.23 i
.21 !
.20
.22
combing, grease
dolls per Ib
.20
.23
.26 i
.27
• 21 j
.21
.21
.22
1.494
Suiting, 13-oz
dolls, perlb.. 1.400 j 1.400
1.490 : 1.494
1.494
1.494
1. 601
1.601
1.601 !
1.543
1.400
1.400
Women's dress goods, French
.925
.925
.925
serge, 54-in. at factory
dolls, per yd..925
.988
1.050
1.050
1.050
1.050
.925 j
.925
.925
.925
Worsted yarns
dolls, per Ib _
1.00 |
1.00 i
1.00
1.00
1.00
1.00
1.10
1.17
1.10
• 93 i
.950
.950
.950
Receipts at Boston:
34,445 ! 76,046
63,779
10, 376
7, 574
26, 151
8,215
6,741
3, 363
Domestic
thous. of Ibs _
5,350 1 6,163
6,567
16, 595
2,405 | 3,335 : 2,964
4,190
7,399
5,064
7,432
4,000
6,528
Foreign
thous. of lbs_. 2,227 j
863
3,061
2,112
36,850
79,381
66,743
17, 775
30, 341
13, 269
13, 279
10, 795 ! 11,574
Total
thous. of lbs_,
7,577
7,026
9,628
18,707
TOBACCO
Unmanufactured:
Production, crop estimate mills, of Ibs.,
! * 1, 635
4 i 610
23,113 1 20,574
38,737
48,911 45,006
Exports, leaf
thous. of Ibs
39, 908
46, 879
50,440 j 62, 148
56,585 ; 58!386
49,170
44, 826
StocksChewing, smoking, snuff, and export
1 3 i f 492
!
• 1,453
types, quarterly
.-mills, of lbs__
* 1, 698
•1,419
8
354, 184
;_
3370,142
; 3 277, 850
Cigar types, quarterly. -thous. of Ibs _
•341,905
Total, including imported
3
tvpes, quarterly
mills, of lbs_.
1, 853
» 1 915
» 2, 151
•1,841
Manufactured products:
Consumption (tax-paid withdrawals) —
349, 635
Large cigars
thousands. „ 304,531 477,458 534,371 449, 330 463,256 ! 478,901 517,614 467, 300 459, 982 440, 472 362, 839 362, 939
8, 675
9,520 | 10,700
11,508
9,471
9,802
Small cigarettes
millions
10, 448
8,836
9,368 |
7,295 ; 7,850
8,956
9,695
I
Manufactured tobacco
and snuff
thous. of Ibs
31,558 | 30,661
31,086
25, 815
30, 780
30, 781
31, 049
29, 562
31, 697
25,813 i 27,935
34,139
33, 278
M anuf acturing
134
128
118
122
133
137
132
operations
rel. to 1923-25..
131
121 !
HO '
H4 !
112
118
338, 808
Exports, cigarettes
thousands 240,727 228,793 j 191,385 257, 854 254,049 ; 243,233 244,201 250, 858 241, 703 324, 808 256, 706 229, 697
MISCELLANEOUS PRODUCTION
Buttons
Fresh-water pearl buttons:
Production, ratio to capacity
per cent-- __
Stocks, end of month
thous. of gross.- - . . _ _ _ •
Imports:
ButtonsProduct of Philippines.thous. of gross. .
52
\11 other
thous. of gross .
0 ;
ShellsMother-of-pearl
. thous. of lbs._
416 ;
All other
thous. of lbs._
69 ;
2,044
Tagua nuts
thous. of Ibs—
FUELS
Coal
Anthracite:
Exports
thous. of long tons..
113
Prices—
Retail, composite, chestnut
dolls, per short ton-14.97 :
Wholesale, composite chestnut
„ dolls, per long tou__ 13. 166 ;
Production
thous. of short tons.4, 671 !
Stocks, end of month, ic yards
of dealers
no of davs' supply.
Bituminous:
Consumption—
By coke plants —
Canada
thous. of short tons..
United States
thous. of short tons_.
i
By electric power
plants
thous. of short tons. _
3,108 !
By railroads
-thous. of short tons,.
By vessels clearing
]
ports
thous. of long tons.Kxports
, _ _. .-thous. of long tons..
521
Prlces—
Mine average (spot)
.dolls, per short ton_.
Prepared sizes (composite)
..dolls, per net ton..
Retail, composite-dolls, per short ton..
8.19
Wholesale, composite
_
_ __ dolls, per short ton-3.701
Production—
Canada
thous. of short tons..
United States thous. of short tons__ 30, 260
Production index
rel. to 1923-25..
64
Stocks, end of month, held
bv consumers
thous. of short tons
Coke
Exports
thous. of long tons. .
28
Price, furnace, Connellsville
j
dolls, per short ton
Production:
i.
Canada
._
thous. of short tons..
United States82 i
Beehive
thous. of short tons _
By-product
thous. of short tons.. 2,234 ,

42 3 i
g 699
j

46 9
8 640

42.9
8,583

76
10 ;

50
11

62
5

445
479
2,025

451
83
2,014

503
498
1,500

125

157

121

390 i
467
1,527 ;
|
\
101 j

14.96

14.97

14.93

14.73

13.083
4, 141

13.083
6, 551

13. 083
4,358

12.796
4,314 i

45.0
9,252

44.7
9,224

45.2
9,408

47.5
9,518

44.6
9,807

35.5
10, 154

40.6
8,842

US
446

61
11

55
2

94
2

59
3

59
4

82
9

202
527
1,999

272
43
901

395
48
1,720

289
95
692

273
369
1,329

475
22
270

896
15
858

146

148

120

79

159

207

178

256 ]
134 •
2,025
;

110

14.31

14.15

14.39

14.85

14.85

14.88

14.89

12.614 ! 12.413
3,954 i 4,544

12. 270
5,005

12. 202
5,700

12. 608
4,745

12. 732
5,39i

12. 732
6, 157

12. 751
2
6, 050

45

21

31

4.3

14.59 :

75

75

80

191

179

186

213

229

230

247

235

236

246

3 616

3 442

3,634

3,795 j

4,027

4,629

4,682

4,902

4,408

4,686

4,737

3,233
5,419

3,168
5,463

2,954
5,314

2,953
5,821

2,963
5,885

3,410
6,414

3,28C
5,810

3,688
6,598

3,837
6,622

165
1,217

186
1,087 ;

209
994

195
926

16S
671

136
665

141
645

187
700

201
803

193

;

3,454
5,776

3,459
.
3,280
5,268

'•
i, 150

183
1, 078

163
1,163

1.62

1.58

1.58

1.56

1.60

1.64

1.69

1.77

1.77

1.77

3 962
8.23

3 954
8.22

3.954
8.17

3.907
8. 11

3.856 !
8.09

3.816
8.00

3.838
8.04

3.845
8.46

4.001
8.71

4,223
8.83

4. 268
8.87

4. 317
8.94

3.703

3.705

3.704

3.706 i

3.692

3.723

3.760

3.791

3.814

3.829

3. 898

1 204
35, 700
71

1,005
31, 919
70

760
826 '.
888
30,534 : 29,790
29,185
70
74 ;
74

902
28, 314
75

888
28, 478

1,028
33, 870
76

963
31,408
73

1,164
38, 542
77

1, 275
• 40, 222
85

34, 500

30 GOO

26, 900

29,500

34, 200

37, 200

13,220

3

3,705
•
30, 110
67

41

50

52

98
2,276

2. 45

2.45

140

2 38

126

105
2,389

78
2,310

Petr oleum
Asphalt:
12
Imports
thous. of short tons
i
1 :
1
;
210 i
314
326
Production
thous. of short tons..
'
299
299
340
Stocks, end of month_thous. of short tons..
1
3
Revised.
Quarter ended in month indieSited,




95
6

31.3
8,803
68
10

45.0
8,689 ;

30, 100
45

86

43

64

67

71

70

2.45 :

2.45

2.48

2.50

2.50

2.53

2.55

2.55

132

139

155

169

169

179

165

171

181

70 ;
2,443

76
2,569 j

87
2,715

94
3, 126

109
3,146

149
3,256

163
2,898

163
3,092

170
3,055

9
304
380

7
248
360

7
190
354

3
166
332

0
147
295

3
168
308

87

50

2.45

14
312
332

;

4
314 !
349 ;

10
315
393 1

<As of Dec. 1.

«Fi nal estim ate for 1930,

February, 1932

45

SURVEY OF CURKENT BUSINESS
MONTHLY BUSINESS STATISTICS—Continued

Earlier data for items shown here may
fee found in the 1931 Annual Supple- Decem- NovemOctober Septo-; August
ment to the Survey
ber
ber

July

June

May

April

March

Febru- January
ary

December

i

FUELS— Continued

Petroleum— Continued
Coke:
180
168
159
180
178
Production
thous. of short tons .
178 '
173
1,439
1,516
i, 393
1,315
1,250
Stocks end of month thous of short tons
1,451 ! 1,391
Crude petroleum:
75, 094
76,237 ; 78,521
71, 367
75, 675
80,672
79,753
Consumption (run to stills) .thous. of bbls..
3,604
3, 426
2, 702 I ?, 588
3,978 i 4,512
4,106
Imports
_ _ _ _ _ _ thous. of bbls,.
445
874
705
441 !
599
603 !
498
Oil wells completed
number
.434 !
,238
.710
.560
.500
.300 !
.530
Price. Kansas-Oklahoma dolls, per bbl
72, 851
73, 079
63, 636
68,418 ! 77, 9G1
75,116
77,164
Production
__thous. of bbls,.
124
102
2 116
107 i
122
122
122
Production index.
_.rel. to 1923725__
64
65
66
69 !
68
67
67
RoflTierv operations
p ct of capacitv
156
161
1G5 :
102
161
161
163
Kefinery operations index, rel. to 1923-25..
Stocks, end of monthCalifornia —
95, 470
95, 566
95, 749
97,809
98,098
99, 015 100, Oil
Heavy
thous. of bbls..
40, 471
40, 841
40,495
39,621
40, 328
40,043
40,805
Light
thous. of bbls..
East of California36, 560
39,021 i 41,007
38, 358
41,734
41,819
36, 705
Refineries
thous. of bbls..
Tank farms and pipe
284, 222 283, 201 281, 840 294,831 i 305,009 305,876 306,287
lines
thous. of bbls..
320, 788 319, 906 323, 198 333,852 346,016 ,,347,610 348,106
Total
thous. of bbls,.
Mexico—
2,350
2, 359
2, 628
2,841 ; 3,129
2,960
3,080
Production
thous. of bbls..
1, 488 : 2, 183
1,864
2, 716
2, 808
Exports
thous. of bbls—
Venezuelar—
8,984
9,101
9,274
9,401
9,420
8, 561
9, 049
Fxpo ts
thous. of bbls
9,535
9,796 1 9,913
9,412
9,181
9,515
Production
thous, of bbis._ 9,922
Gas and fuel oils:
Consumption —
2
2
a 592
721
726 i
712
622
541
709
707
By electric power plants. thous.of bbls.
3, 344
3,286 j 3,567
3, 554
3, 236
3,440
3,608
By railroads
thous. of bbls__
3, 442 i 3, 839
3, 643
3,095
4,053
4,286
By vessels
thous. of bbls..
Price/ Oklahoma 24-26,
. 280 !
. 294
. 385
. 463
.319
.350
.338
refineries
dolls, per bbl
30,292 ; 29,488
27, 126
28, 749
29,512
29,949
28, 709
Production
thous. of bbls__
Stocks at refineries at end of
44,551 ; 41,416
45, 434
44, 883
38,581
36,579
45, 239
month
thous. of bbls..
Gasoline:
39,459 ! 39,459
35, 051
38,375
35,716
30, 648
36, 070
Consumption...,.
thous. of bbls..
3, 325
3, 074
4,038 ! 4, 16fi
3, 093
4, 792
Exports
thous. of bbls,_ "2,533" 3, 710
8,758 | 9,007
8,300
7,234
12,540
7,180
7,178
Exports
thous. of dolls . 5, 898
.128 !
. 133 ;
. 133
.143
.143
. 133
. 133
Prices, wholesale, New York-dolls per gal..
Prices, retail, filling station,
. 125
. 122
50 cities
dolls per gal
ProductionI 3, 405
3, 062 i 3, 179 i 3, 521
3, 345
3.521
3,814
Natural gas fat plants) thous of bbls
1
37,469 ! 39,283 j 38,440
38,137
38, 582
37, 024
39, 019
Raw (at refineries) .....thous. of bbls—
Retail distribution— 41 States mills, of gals
Stock, end of month•
641
2 524
722 i
855
614
880
996
Natural "TIS (at plant) thous of bbls
36,405 | 40,332
; 38,696
36, 356
35, 105
44,296
47,948
Raw (at refineries)
thous. of bbls..
Kerosene:
2 2, 906
2, 678 ; 2, 114
3,042
2,341
2,104
2,395
Consumption
thous. of bbls
1,131 ;
1,214
1, 206
1, 267
1, 057
640
720
1, 145
Exports
thous. of bbls.
.041
. 044 :
.039
.039
.038 I
.038
. 042
; 045
Price, 150° water white
dolls, per gal—
! 3, 815
3,701
3,239
3,404
3,389
3,685 I
3,696
Production
thous. of bbls.
Stocks at refineries, end of
6,734 i 6,869
I 5, 618
5,924
6, 558
6, 521
5, 960
month
thous. of bbls..
Lubricating oil:
1, 639
1,549
1,753
1,969
1,615
1,865
Consumption
thous. of bbls,_
Price cylinder oil
dolls, per gal.
2, 164
2, 143
2,267
2,088
2,264
2,306
2,337
Production
.
thous, of bbls.
Stocks at refineries, end of
; 9, 422
9,224
month
. thous. of bbls,.
9, 113
9,289
9,597
9, 763
10, 119
Wax:
i 46,760
46,200
Production
. _ _ thous. of Ibs.
42, 000
34, 160
35, 840
37,520 ! 37,800
I 183,938 189, 167 191, 158 192,198 198,407 200,836 205,803
Stocks, end of month _ _ _ thous. of lbs,_
DISTRIBUTION MOVEMENT

i 1.211

168
1, 158

170
1,089

151
1,053

159
1,032

166
1,069

74, 706
4,162
519
. 530
73, 101
121
67
161

73, 596
3,715
383
.594
69, 397
112
64
152

65, 249
4,789
450
.850
60, 645
110
63
149

70, 026
4,353
487
.850
65,991
110
61
144

71. 581
4; 727
540
.850
66, 972
111
63
149

100, 531
41,016

101, 442
40, 651

102, 368
40,389

103, 421
40, 325

100, 578
40, 840
41,413

40, 786

42, 027

41,785

41, 136

308, 752
350, 165

310, 377
351, 163

313,310
355, 337

317,854
359,639 '

320, 740
361,876

2,761
2,392

2,819
1,528

2,564
1,463

2,890
1,263

2, 922
1, 690

8,586
9,263

10, 362
10, 283

9,516
9, 486

10,877
10, 384

] 0, 704
10, 492

552
3,536
4,043

643
3,644
3,C67

637
3,181
3,622

800
3, 599
3,544

845
3, 705
3, 868

.488
30, 073

. 510
30, 754

.588
26, 536

. 600
29, 174

.610
29, 704

33, 854

32, 105

32, 159

33, 977

37, 007

33, 400
3,988
10, 705
.133

31,037
2,841
8,426
.133

26. 133
3,586
10, 604
.138

26, 844
4, 062
.13,765
.135

29,213
4,225
13, 728
,141

.124

.137

.149

.148

.146

3,824
36, 601
962

4,048
35, 246
874

3,631
31, 328
777

4,140
32,708
835

4, 271
34, 472
890

1,006
48, 587

884
48, 225

692
15, 355

606
42,818

578
40, 541

2,804
753
.048
3,397

2,691
1,151
.051
3,676

2, 272
974
.053
3, 171

2,596
1,275
. 054
3,560

2, 780
1,310
.054
3, 575

6,129

6,300

6,477

6,555

6, 883

1,850
.145
2,316

1,950
.145
2,293

1,583
.146
2,036

1,715
.165
2, 441

1, 459
.172
2,509

10,463

10, 710

10, 911

11,013

10, 971

33, 040
205, 105

37, 520
208, 620

38, 640
229, 414

42, 560
233, 044

36, 120
232, 592

Advertising
1,911
Magazine advertising
thous. lines.. 1,626 1 1, 882
Magazine advertising, total— thous. dolls.- 11,073 14, 007 14, 234
1,469
Automotive industry
,_thous. dolls,,
942
1,311
631
Building materials
thous. dolls,,!
266
564
Cigars, cigarettes, and to619
bacco
thous. dolls,.
593
676
2444
399
Clothing and dry goods
thous. dolls. _|
283
2334
Confectionery
thous. dolls,.!
309
342
2,729
2,665
Drugs and toilet goods
thous. dolls, . 2, 238
Financial
thous. dolls
198
251
237
2,634
Foods
thous. dolls
2,020
2,685
Garden
thous. dolls
42
45
32
1,231
708
House furnishings
thous. dolls. _
984
Jewelry
thous. dolls
381
378
246
91
Machinery
thous. dolls
72
56
Office equipment
thous. dolls..
139
124
167
Paints and hardware, _
_ thous. dolls..
29
123
116
Petroleum products
thous. dolls
322
374
404
Radios
thous. dolls
235
308
313
Schools
thous. dolls—
232
186
217
Shoes
thous. dolls
132
149
186
Soaps and housekeepers'
470
supplies
thous. dolls
889
806
Sporting goods
thous. dolls
168
117
118
Stationery and books
_thous. dolls,.
509
434
410
231
Travel and amusement
thous. dolls,,
«334
416
Miscellaneous
thous. dolls
427
560
562
Newspaper advertising
thous. lines.. 77, 005 281,891 * 87, 803
1
Revised.



1,603
11,967
1,604
397

1,316
10, 008
1,304
295

1,613
12, 314
1,393
515

2,191
16,692
1, 886
682

i 2,375
j 16,959
! 1, 886
i
742

2,421
17, 173
1,632
749

2,203
16, 002
1,418
651

1,992
15, 307
1,801
519

1, 585
10, 820
21,002
338

2,230
15,352
1, 505
446

547
354
328
2,277
187
2,001
41
842
90
50
98
88
463
174
305
95

428
180
378
2, 210
180
1,805
28
453
77
55
88
45
422
114
317
41

422
531
426
2, 658
253
1,904
59
630
159
102
170
88
445
141
291
98

486
481
553
3,221
294
2,408
121
1,324
2391
190
252
184
526
128
315
208

1
2479
!
412
!
387
i 3,417
>
274
! 22,419
:
196
! 1,462
i
308
i
157
!
2247
i
216
i
458
1
118
'
294
209

542
494
301
3,552
319
2, 665
210
1,536
168
191
216
232
471
209
274
206

507
436
304
3,421
294
3,098
266
1,269
123
160
198
111
348
246
276
2169

519
316
302
3,194
267
3,200
222
967
103
191
181
79
384
348
363
95

536
270
292
1,687
255
1,908
119
619
292
151
210
64
282
422
311
169

749
395
336
2,510
367
2,301
49
1, 217
479
211
274
88
430
759
239
275

963
201
2240
171
450
77, 208

683
245
160
172
328
67,169

783
334
180
:
2321
i
2414
! 66,877

1,091
522
366
615
451
79,772

! 21,261
I
438
i
345
711
!
529
: 88,443

1,246
309
380
769
502
88, 737

2 1, 102
166
354
577
510
90, 244

849
131
360
480
436
72, 282

471
252
406
362
403
75, 823

577
231
635
815
464
2 82, 344

'
i
;
:

•
|

SURVEY OF CURRENT BUSINESS

46

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931
Decem- Novem- October Septem- August
ber
ber
ber

July

1930

I

June

May

April

March

December

™?- January

DISTRIBUTION MOVEMENT- Con.
Advertising— Continued
Radio broadcasting, total cost
thous. dolls.
Automotive industry
thous. dolls
Building materials
thous. dolls
Cigars, cigarettes, and tobacco.thous. dolls.
Clothing and dry goods
thous dolls
Confectionery
...
thous. dolls
Drugs and toilet goods
thous. dolls
Financial
thous dolls
Foods,
. thous. dolls
House furnishings
thous . dolls
Jewelry _
thous dolls
Machinery ___ _ _ _ . _ .
thous. dolls
Paints and hardware
thous dolls
Petroleum products _
thous dolls
Radios
thous. dolls
Shoes, trunks, and bags
thous dolls
Soaps and housekeepers' supplies
thous dolls
Sporting goods
thous dolls
Stationery and publishers
thous. dolls.
Travel and hotels
thous. dolls
Miscellaneous
thous dolls

3, 598
' 163
36
611
51
142
702
136
873
83
8
08
64
127
62
94

3, 505
172
31
578
53
173
687
128
806
75
12
72
60
115
50
144

3, 253
95
37
5^3
49
128
650
136
790
59
10
53
72
107
49
141

22,741
265
2-H
479
27
109
489
116
665
84
3
31
57
89
22
124

2, 527
68
25
467
32
106
2396
98
652
65
0

126
13
138
3
89

122
16
120
2
290

122

97

129
24
118
2
79

130

72
90
18
51

2,764
89
32
476
38
135
453
112
730
239
0
29
81
96
10
86

2,835
99
19
476
44
112
452
126
748
44
8
39
72
289
84
95

3,036
91
30
425
68
100
463
136
762
71
18
72
74
95
104
131

3,164
122
39
434
66
90
471
155
' 788
85
17
76
69
103
118
95

3,141
117
37
412
51
86
465
125
781
93
16
»76
56
91
142
112

2,591
98
36
262
48
84
445
110
690
46
10
86
36
84
121
91

153
33
84
2
278

146
34
92
2
284

129
29
86
22
262

110
37
107
27
115

115
29
128
30
134

133
31
2172

il

63
15
105
24
137

61.4

66.4

57.9

67.3

2,637
134
38
238
48
94
433

2, 718140
39
217
52
97
384

no

2116

672
50
11
88
15
99
130
98

620
46
63
85
13
110
203
97

71
130
24
«145 i

61
0
134
93
154

68.7

76.3 \

105. 0

;

;
i
|

92.7
98.9
93.9
137.8
57.1
97.8

64.0 !
1
70.2 !
81.0
98.0
74.3 I

H4.9
67. 1
79.8
79. 4
105. 8

Agricultural Products (Marketing)
Agricultural, total
rel. to 1923-25
Animal products:
Dairy products
rel. to 1923-25
Fish
rel. to 1923-25..
Livestock
rel. to 1923-25
Poultry and eggs
rel to 1923-25
Wool
rel to 1923-95
Total _
rel to 1923-25
Crops:
Cotton
rel to 1923-25
Fruits
. .
rel to 1923-25
Grains
rel to 1923-25
Vegetables
„ rel to 1923-25
Total
rel. to 1923-25..
Collections
Delinquent accounts, electrical trade:
Amount
.dollars..
Delinquent
firms
number..
Forest Products (Marketing)
Distilled wood
rel to 1923-25
Gum
rel. to 1923-25
Lumber
rel to 1923-25
Pulpwood
rel to 1923-25
Total
rel to 1923-25
Postal Business
Air mail, weight dispatched
„, .pounds
Money orders:
Domestic, issued (50 cities)—
Quantity
.thousands..
Value
thous of dolls
Domestic, paid (50 cities)—
Quantity
thousandsValue
thous of dolls
Foreign, issued
thous. of dolls
Postal receipts:
Total index... .
rel to 1923-25
50 selected cities
thous. of dolls
50 industrial cities
thous. of dolls..
Retail Sales
Department store sales, value of:
United States, adjusted.... rel. to 1923-25..
United States, unadjusted. rel. to 1923-25..
Department store stocks, end of month:
United States, adjusted
rel to 1923-25
United States, unadjusted _rel. to 1923-25
Installment sales in New England
dept. stores, ratio to total sales
per cent
Mail-order houses:
Total sales, 2 houses.. . thous. of dolls
Total sales, 2 houses
rel. to 1923-25
Sears, Roebuck & Co
thous. of dolls
Montgomery Ward & Co.. thous. of dolls..
Restaurant chains:
Childs Co.—
Sales
thous. of dollsStores operated
number
J. R. Thompson Co.—
Sales
thous of dolls
Stores operated
.
number
Waldorf System (Inc.)—
Sales
thous of dolls
Stores operated
.
number
Total sales, 3 chainsTotal
thous. of dolls..
Stores operated
number
Grocery chains:
Atlantic & Pacific Tea Co.—
Total sales
thous. of dolls..
Weeks in month
number
Weekly average . ... thous. of dolls
Tonnage sales..
. tons
Weekly average.
...tons_.
2
Revised.




98.8

» 152. 7

207.1

116.6

84.9

103. 2

106. 2
78.5
95.9
129. 8
40.3
101.6

J94. 9
2 117. 2
296.2
117.2
46.5
297.5

92.6
140.5
104.2
75.4
49.5
96.6

90.5
160.1
88.3
88.4
125.1
91.5

96.3
189. 3
82.5
88.0
259.6
94.3

123.6
161.2
72.6
88.6
573.2
105.2

156. 6
144.5
77.9
115.6
405.4
118.0

130.9
138. 5
80.2
125.6
197.1
106.7

113.1
174.3
82.6
137.0
78.2
101.2

102.9
169.4
79.6
121.8
61.9
94.0

91.3
116.2
79.8
94.0
50.8
85.5

162. 1
62.9
44.7
70.5
98.5

2 274. 9
96.8
266.9
79.1
* 158. 8

366.7
191. 1
84.0
131.9
219.2

152.1
129.2
79.8
103.2
119.3

29.2
154.6
130.0
64.1
83.9

22.6
139.3
182.9
103.4
103.0

9.1
88.8
68.6
165.8
55.2

28.3
102.2
69.0
135.6
62.0

29.8
70.6
63.9
93.3
53.1

38.6
75.1
80.0
104.3
64.4

45.1
68.1
84.6
91.1
66.8

95, 161
996

73, 165
877

95, 414
987

78,534
786

70, 681
780

98, 621
933

111, 183
948

91, 332
941

112, 843
1,258

138, 592
1,228

132, 609
1,141

32.4
90.4
45.3
90.0
50.1

31.1
97.2
2 52. 7
2 90. 9
'56.8

30.0
114.0
60.4
82.1
63.1

22.1
111.9
56.6
56.1
67.5

17.2
141.5
63.2
63.5
64.3

20.4
186.7
61.1
76.1
64.6

27.5
189.9
62.1
93.9
67.2

34.7
136.5
62.8
105.6
66.7

44.6
98.3
59.1
112.5
63.6

68.9
39.7
55.4
100.5
59.3

63.7
25.5
51.6
87.0
54.4

720, 301

836,603

796, 703

804,455

779, 105

781, 419

750, 960

750, 638

724, 617

642, 484

3,600
35, 458

3, 379
33, 800

3,368
33, 370

3,501
34, 224

3,729
36, 315

3,766
36,006

3,828
37, 803

4,015
37, 250

3,567
33, 240

3,749 1
36, 352 !

4, 165
39, 627

9,751
81,318
4,027

9,124
74, 679
4, 496

9,074
71, 622
3,958

9,930
76, 365
4,412

10, 734
79, 311
4,348

10, 902
81, 956
4,073

11, 562
90, 646
4,442

11,132
81, 747
6,014

9, 701
70, 935
4,032

10,590 '
78, 273 :
4,893 :

11,716
91,923
10, 443

110.3
29,172
3, 466

145. 3
38, 572
4, 418

96.4
103.4
96.2
95.0
25.3
94.7

i

;

112, 250 ' 150, 349
1,065
1,089 |
66.4
117.7
50.7
99.9
56.6

72.9
37.1
60.5
95.1
54.5

687, 560 | 767,229

34, 966
4,068

95.2
25, 355
2,809

107.4
28, 618
3,150

98.8
26, 335
2,897

88.8
23,389
2,869

92.9
24, 578
2,903

99.4
26, 442
2,957

104.5
27, 844
3,047

109.9
29, 257
3,268

113.1
30, 178
3,284

100.1
26, 405
3,215

81
155

383
295

86
93

84
87

88
67

91
65

95
90

97
97

106
101

97
92

98
80

97
79 j

94
165

87
98

SO
88

81
84

79
76

81
75

82
80

83
85

83
87

84
87

86
81

88 i
78

91
85

:

9.1

11.0

8.9

11.9

6.7

4.7

7.0

6.5

8.4

10.6

12.0 j

8.5

45, 898
140
27, 495
18, 403

52, 280
160
30, 246
22, 034

45, 955
141
28, 450
17, 605

43,004
132
26, 597
16, 407

45, 093
138
29, 773
15, 320

49, 480
151
30, 261
19, 219

50, 070
153
31,523
18, 547

52, 078
159
31,520
20, 558

43,008
132
25, 407
17, 601

39, 422
121
24,177
15, 245

41, 459
127
24, 839 i
16,620 ;

72, 486
222
43, 814
28, 672

2, 163

1,980
106

2,208
107

2,164
108

2,030
108

1,858
108

1,847
109

1,957
108

2,059
110

2,064
111

1,889
111

2,083
112 j

2. 277
112

1,233
116

1, 187
116

1,325
115

1,278
117

1,301
117

1,086
118

1,093
117

1,202
116

1,175
117

1,208
117

1,082
120

1,192 !
120

1. 246
120

1,340

1,252
156

1,359
156

1,303
156

1,246
154

1,244
165

1,245
162

1,337
162

1,360
160

1,351
160

1,210
160

1,295 !
152 ;

1.379

4,736

4,419
378

4,892
378

4,745
381

4,577
379

4,188
391

4,185
388

4,496
386

4,594
387

4,623
388

4,181
391

4,570 1
384

4, 902
384

91,311
5
18, 262
516, 171
103, 234

74, 703
4
18,, 676
418,, 762
104', 691

95, 498
5
19,100
524, 743
104, 949

74, 642
4
18, 660
411, 883
102, 971

74,411

95,528
5
19,106
513, 095
102,619

80,851
4
20,213
454, 268
113, 567

102,946
5
20,589
563,223
112, 645

85,160

82, 719
4
20,680
435, 292
108, 823

82, 385
4
20,596
439, 545
109,886

21, 899

18, 603
399, 779
99, 945

21,290
454, 479
113, 620

97,559
19, 612
508,490
101, 980

152

« 100, 101
2
2
2

25

20, 020
514. 356
102, 871

SURVEY OF CURRENT BUSINESS

February, 1932

47

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem- Novemment to the Survey
October Septem- August
ber
ber

i

19£U
I

July

June

May

April

March

1930

Febru- January December
ary

i

DISTRIBUTION MOVEMENT— Con.
Retail Sales— Continued
Chain stores, sales:
F. W. Woolworth & Co.—
Sales
thous. of dolls, .
Stores operated
... number
F. & W. GrandSales
thous. of dolls
Stores operated
>. . number
G. C. Murphy Co.—
Sales
-.
thous. of dolls..
Stores operated . .
number.
Isaac Silver & Bros.—
Sales
thous. of dolls
Stores operated
nunaber.J. C. Penny Co.—
Sales «
thous. of dolls
Stores operated
number..
McCrory Stores Corp.—
Sales
thous. of dolls
Stores operated
. -----number-Metropolitan—
Sales
thous. of dolls
Stores operated
number..
S. H. Kress & Co.—
Sales
- _.thous. of dolls. .
S tores operated
number
S. S. Kresge Co.—
Sales
-_ .thous. of dolls__
Stores operated
number
W. T. Grant Co.—
Sales
thous. of dolls
Stores operated
-number-Five and Ten— chain group:
Actual
w rel. to 1923-25
Adjusted for seasonal. - rel. to 1923-25..

!

39, 713
1,906

22, 005
1,906

26, 150
1,906 1

21,732
1 902

21, 712
1,895

21, 079
1 889

21, 978
1,889

24, 117
1,896

23, 830
1,896

21, 724
1,894

19, 386
1,888

19, 240
1,886

42, 320
1,890

3, 158
123

1 740
123

2 134
121 !

1 699
121

1,565
119

1 628
119

1 833
119

1,826
118

2,004
117

1,664
116

1,431
114

1,371
112

3,545
112

2,961
172

1,578
172

1,715
172

1,490
172

1,519
172

1,475
170

1,669
169

1,649
168

1,588
168

1,329
166

1,204
166

1,221
166

3,170
166

1,145
45

610
45

832
45

607
44

589
45

594
45

692
45

696
46

723
46

696
45

613
45

476
45

1,421
45

21, 269
1,450

16,493
1, 458

17 968
1,458

14 577
1 '457

13, 257
1,456

12 779
1,454

14, 832
1,453

15, 450
1,453

16, 380
1,454

12, 443
1,454

9,540
1,453

9,725
1,452

23, 703
1,452

6 882
244

3 469
244

3 881
244

3 260
244

3 214
243

3 004
242

3 240
243

3 412
243

3,703
243

3,381
242

2,946
242

2,903
242

6,783
242

565
83

643
83

571
83

618
83

658
83

702
83

713
84

722
91

608
93

445
94

11,221
221

5 587
221

5 706
222

6 295
220

6,286
218

5,104
218

5,467
217

6, 469
216

5, 761
216

5, 259
213

4,487
211

4,400
211

12, 061
213

22, 173
711

11, 220
710

12 498
705

10 957
703

10, 976
699

10 722
696

11,896
694

12 123
690

12, 590
688

11,035
684

9,770
683

9, 825
681

23, 982
678

12 111
402

6 485
400

7 423
400

5 570
386

6 395
381

5 227
375

6 289
371

6 606
367

6,402
364

5,334
354

4,347
350

4, 110
350

11, 797
348

279
143.5

148
146.6

169
152. 0

142
156.3

143
160.0

140
148.5

148
161.7

156
168.0

160
167.9

144
158.7

127
162. 5

125
161. 8 |

300
154. 3

65 7

64.6

63 9

64.7

65.8

65.9

66.8

67.0

68. 9

70.4

50, 671
48, 379

55, 320
52, 508

60, 845
73, 457

34, 674
51, 189

56, 296
75, 348

44, 914
50,994

45, 634
60,414

68, 053
60, 338

180 870

187,190

203, 991

214, 888

235, 881

224, 413

249, 646

275, 193

6 070

4,648

6,129

4,925

4,923

4,954

5,514

5, 635

36, 202
14, 230

38, 913
17,995

33, 252
11,257

35, 431
14, 743

42, 279
12, 593

487 !
95

1, 606
95

Warehouses
Public merchandising warehouses,
space occupied
p. ct. of total

66 6

2

65 3

FOREIGN TRADE
Total trade:
Exports
Imports

;

Canadian
..thous. of dolls.- 54, 218
thous. of dolls.. 40, 290

United States
Exports:
Grand total, including
reexports
thous. of dolls 183, 578
By grand divisions—
Africa, total
thous. of dolls. _ 4,317
Asia and OceaniaTotal.. . ... thous. of dolls. 43, 660
Japan
thous of dolls
18, 445
EuropeTotal
thous. of dolls.. 92, 242
France
thous. of dolls.. 8,274
Germany
thous. of dolls
14, 587
Italy...
thous. of dolls.. 7,076
United Kingdom. .thous. of dolls. . 36, 699
North AmericaTotal
.thous. of dolls.. 20, 101
Canada
thous. of dolls
19, 777
South AmericaTotal
..thoos. of dolls
10 100
Argentina
thous. of dolls.. 3,130
By economic classesTotal domestic exports
only
thous. of dolls.. 180, 664
Crude materials
thous. of dolls.. 68, 302
Foodstuffs, crude, and
food animals
thous. of dolls. _ 9,404
Manufactured foodstuffs
.thous. of dolls
17, 664
Finished manufactures.thous. of dolls. . 64, 694
Semifinished manufactures
thous. of dolls.. 20,601
Agricultural exports (quantities)—
All commodities .. rel. to 1910-14
All commodities (except
cotton)
rel. to 1910-14
Imports:
Grand total
thous. of dolls.. 152, 940
By grand divisions—
Africa, total
thous. of dolls.. 1,575
Asia and Oceania—
Total
thous. of dolls.. 41, 114
Japan
thous. of dolls.. 18, 803
EuropeTotal
thous. of dolls.. 50, 231
France
thous. of dolls
6,722
Germany
-thous. of dolls.. 8,187
Italy
.thous. of dolls.. 6,630
United Kingdom..thous. of dolls, , 9,237
2 Re vised.




58,430
46, 911

56, 534
45, 933

49, 909
45, 379

49, 894
47, 308

193 554

204 904

180 220

164 822

4 140

6,162

3,598

5 376

41, 227
14 259

37 221
13 131

34 548
12 370

28 996
8 357

34 660
10 885

30, 277
8 798

33, 420
11, 201

100, 826
8.681
15 694
4.108
46, 280

111 983
8^802
17 352
6,158
50, 559

90 361
7,726
12 837
3,986
34, 589

74 567
8,106
7 873
3,239
27, 815

79 977
7,392
8 286
3,757
32, 564

88, 149
8,688
10, 819
3,622
30, 915

89, 576
10, 121
13, 153
3,887
34, 238

94, 320
11, 329
12, 282
3,884
33, 344

113, 838
12, 456
19, 195
5,691
39, 706

117, 938
13, 564
16, 960
4,168
38, 626

38. 550
25 760

40, 072
26 621

40, 941
28 002

44, 328
30 579

48, 018
32 677

61, 247
35, 030

59, 581
41, 664

62, 974
44, 851

63, 068
41,860

52, 762
35, 305

56, 952
33, 657

61, 921
36, 326

9 354
2,701

10 252
3,435

10 2^0
3,658

10 770
4,420

12 945
4,706

12, 869
4,295

15, 286
5,583

16, 467
5,803

15, 139
4,512

15, 508
4,922

20, 049 i
5,467 !

23, 737
8,801

190, 392 2201,385
68, 042
63, 624

177, 383
44, 390

161, 494
25, 602

176, 980
28, 378

182, 987
29, 070

199, 205
36, 484

210,061
40, 149

231, 077
56, 428

220,666
47, 660

131, 699 ! 141, 621
19, 172
16, 676
17,015
20, 326
5, 260
8,625
53, 871
49, 744

245, 771 I 270,810
58,625 1 76, 735

13, 967

10, 289

9,981

13, 999

11, 119

10, 546

8,626

9,583

7,316

8,487

13, 462

20, 807
25 349
66, 948 i 77, 262

18 124
83, 188

18 075
84, 069

18, 306
88, 348

17, 531
97, 736

18, 868
103, 416

19, 593
110, 768

23, 381
110, 256

22, 165
116, 110

27, 039
117, 053

27, 033
119, 670

» 20, 843 2 21, 184

21, 391

23,868

27, 949

27, 451

29, 891

30,925

31, 429

27, 415

34, 567

33, 910

58

66

68

87

71

85 i

109

81

86

82

95 i

105

185, 706

210, 200

176, 108

3,778

3,052

2,344

13, 754

137

139

86

53

63

114

127

92

83

97

86

89

149, 719

168, 707

170, 368

166, 679

174, 460

173, 673

179, 694

2,141

1, 697

3,096

2,400

2,384

2,773

4,337

183, 132

3,500 |

44, 366
20, 408

48, 413
19, 474

42, 494
17, 256

45, 581
16,052

48, 772
16, 057

62, 757
14, 988

49,964
15, 580

53, 180
12,183

59, 552
18, 454

60,183
16,255

56, 024
19, 711

49,306
6 415
8,274
6,519
8,547

56, 302
8 971
12, 071
5,648
11, 278

60, 788
7 799
12, 203
5,635
13, 379

50, 776
6 551
11, 373
4,351
11, 509

61, 359
5,459
11, 734
4,138
10, 951

47,480
5,516
8,937
4,269
11,000

51, 841
6,143
9,612
4,627
12, 354

53, 387
6, 250
11, 249
6,741
11, 561

62, 174
6,598
13, 434
6,192
13, 033

51, 172
6,880
9,486
5,128
11,970

52, 940
6,881
10, 682
3,724
10, 913 I

208,721
3, 353
64, 941
27, 208
56, 661
7,275
11,619
5,252
11,468

48

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple-

ment to the Survey

1931
Decem- iNovem- October i
ber | ber

July

June

1930

May

; April

March

Febru- January
ary

December

FOREIGN TRADE—Continued
United States—Continued
Imports— Continued
North America—
Total
thous of dolls
Canada
thous. of dolls ..
South America—
Total
thous of dolls
Argentina
thous. of dolls..!
By economic classes—
\
Total
thous. of dolls..!
Crude materials
thous. of dolls _
Foodstuffs, crude, and
i
food animals
thous, of dolls..;
Manufactured foodi
stuffs
thous. of dolls
Finished manufactures, thous. of dolls..
Semifinished manufac!
tures
thous. of dolls i

21 2?9
2o'o37

31,142
20,464

40, 60S ; 41,608 ; 45,346
21,281 ! 21,928 j 20,529

24 I~9
i, 653

19,763
2,431

21.687
3J309

152,910
49850

149,719
47,863

22,810

19,534

20,355

13832
4l[ 065

13, 464
41,271

16, 468 1 16, 483 ! 25, 541
50,434 52,012 , 45,295

25 2«3

27, 587

29, 023 j 30, 295 ! 28, 336

29, 990 \ 29, 803

:

22,380 1 22,567
4,753 i 3,595

168,707 i 170,368 166,779
52,377 | 52,927 j 47,686
18,649

47,827- 44,456
22,341 ; 22,854

45, 177
24, 110

46, 484
23,757

50, 230
24, 148

42, 294
21, 454

43, 858
23, 534

53,257
25, 139

24,133
3,042

26,068
2,645

28, 844
3,215

26. 917
2,638

34, 599
3,506

29, 115
2,849

26, 928
2, 356

30. 509
2, 519

174,460 173,673
49,978 | 52,416

179, 694
54, 160

185, 706
54, 702

210, 200
64, 607

175, 108
56, 357

183, 132
59, 318

208, 721
69, 079

27,435

30, 774

28, 912

33, 020

28, 314

27, 363

30? 029

21, 120 ! 19, 744
47,442 i 44,276

18, 850
45, 527

22, 985
45, 734

23, 558
49, 226

17, 737
41, 168

14, 644 !
44, 947 |

22. 312
49, 172

30, 382

33, 373

39, 789

31, 532

36, 880 ;

38, 129

21,820 1 25,930

EMPLOYMENT AND WAGES
Employment
Factory employment, adjusted (Fed. Res. Bd.): !',
69. 3
70. 3 •
72. 8 !
74. 1
75. 1
76. 0
77.8
77.9
78.3 :
78.0
77.8
Total
rel. to 1923-25
69 4
80.1
65.4
Cement, clay, and glass rel. to 1923-25..!
55. 0
55. 9
57. 6
59. 4 j
60. 1 j
62. 7
64. 4
05. 2
65.2
64.4
65.0
68.6
Chemicals83.1
85.4
85.7
86. 6 !
89.4 1
89.6
93.0
Group
. rel. to 1923-25
81 9
61.7
89.8
94.5
96,6 i
97.9
82. 2
83. 2 i
82. 9 i
84. 8 i
87. 1 i
90. 2
94.5
97.4
99.7 1
Petroleum, refined
rel. to 1923-25.. i
82. 3
94.0
87.2
100. 8
65. 3
66. 2 1
67. 4 1
70. 3
72. 1 J
72. 6
Iron and steel
rel. to 1923-2") '
65 4
74.8
77,5
76.5
75.9
76.6
79. 1
70.1
76.4 i
86.9 i
84.3 j
84. 8 j
83.9
84.2
77.1
Leather and its products _ _ rel. to 1923-25. _
75. 3
84.0
82.2
78.4
76.6
55.4
55.7
47. 4
48. 4 !
49. 4 i
51. 1 i
52. 0 i
54. 4
55.4
56.3
56.3
Lumber and its products.. rel. to 1923-25. J
45. 7
58.8
Machinery
rel. to 1923-25 !
64 6
01.6
65.6 i
67. 3 i
67.7
70.3
73.4
76.3
79.3
81.9
78.0
80.6
84.2
61. 4
61. 7 i
62. 5
63. 1 |
64. 2
65. 4
Nonferrous metals...
rel. to 1923-25. _
61. 1
66.6
66.5
69.2
66.6
66.8
71.2
89. 7
91. 0 i
91. 1 !
93. 0 !i
93. 0
93. 6
95.3
Paper and printing
.ml. to 1923-25 .i
so 2
95.0
94.9
94.7
95.6
96.7
Rubber products
rel, to 1923-25 '<
71 3
74.0
68.4
73. 3
70. 3 i
69. 8 •
70. 5
73. 8 i
75. 7
73.7
70.5
71. 4
74.7
Textiles
_
rel. to 1923-25 si
72 2
73. 6
76. 0 ;
80. 0 i
80. 9 i
79. 6
78. 6
81.2
80.2
79.7
75.5
77.2
77.4
Tobacco production
rei. to 1923-25._
70 4
74. 8
75. 8
77. 2 ;
79. 1 j
81. 4 |
80. 4
82.1
82.1
83.4
81.3
84.6
83. 5
Transportation —•
Group
rel. to 1923-25 J
5S 0
53. 4
51. 7 i
57. 2 i
53. 3 ^
60. 2 i
62. 4
63.2
67.1
63.8
64. 3
64.9
69.4
Automobiles
rel. to 1923-25 !
68 8
56. 1
50. 5 :
62. 0 !
64. 2 |
67. 8 |
70. 7
72.3
70.9
70.3
70.2
68.8
78.9
Nonrnanufacturing industries:
;
80,3
Anthracite mining
rel. to 1929 '•
SO 1
S3. 8
86.8 1
80.0 :
67.3 :
65. 1 i
76.1
85.2
82. 0
89.5
00.6 i
99.1
Bituminous coal mining _. rel, to 1929 i
81 2
81.1
SI. 3
80.4
77.0;
76.4'
78.4
82,4
85. 9
93.9
88.8
91.5
92. 5
Metalliferous mining
rel . to 1929. .
51. 2
62.4
52. 8
53. S i
55. 5 i
55. 8 |
56. 2
60. 0
65.3
6=8.3 j
63.9
63.5
70.1
Quarrying and noninetaliic mining
i
_ . .rel. to 1929 ;
53 9
64.4 1
59, 3
64. 5
66. 6
t;8. 9
71. 0 1
72. 3
75.0
70.0
76.1
66.6
70.2
Grade petroleum producing- _rel. to 1929...
58. 2
57. 0
60.4
61.2 ;
62,4 :
65.3 I
65,0
72.2
73.2
74.8 |
69.8
67.8
77.4
Telephone and telegraph
rel. to 1929. J
83. 1
S3. 5
84. 1
S5. 0 i
85. 9
86. 8 '.
88. 9
87.4
88.6
89. 2
90.5
88.1
91. 6
Power, light, and water
...rel. to 1929.. |
92. 3
91.3
92.7 I
94. 7 j
95,9 i
86. 7 |
97.2
97.1
96.7
99.2
97.6
97.8
103. 2
Operation and maintenance of electric
86.4
railroads
_ rel. to 1929 '•
79. 9
81. 5
82. 7 1
84. 0
84. 8
85. 6 i
85. 3
85.9
86.8
86.9 !
86.6
88.8
87.1
84.1
S5. 2 I
86.1 i
86.5 i
86.8 !
87.1
87.4
88.2
Wholesale trade
.rel. to 1929.. !i
S3. 7
87.4
89.5
92.0
87.1
Retail trade
rel. to 1929
106 2
90. 9
89. 8 i
86. 6 !
81. 8 i
83. 9 1
89. 1
89.9
90.1
87.8
90. 0
115. 1
85.9
88. 5
90.6 i
92. 8 i
93.3
91.6
92.5
Hotels
..rel. to 1929 J
84.1
95.9
96.8
96.8
95.0
93.5
Canning and preserving
rel. to 1929..
40. 7
80. 8 i 108. 1
180. 1 ! 142. 9 i 102. 2 i
70. 6
56.0
53.0
48.3
48.9
59.6
61.6
Employees on pay roll, unadjusted:
i
Cleveland
rel. to Jan., 1921..
77.0
77. 1
76. 0 i
75. 6 1
81. 3
80. 3 1
83. 8
86.9
90.0
90.0
88.8
89.8 :
87.9
Delaware
-rel. to 1923-25
76. 0
74.9
74.5 !
81.2 •
83.2
84.4 i
85.6
87.1
86.3
88.1
86.9
87.6
86.7
81.2
80.4
83.0
76.5
83.5
40.0
Detroit
rel. to 1923-25 .
64.0
,52.7
41.7 !
51.0 I
50.0
61.8 ;
73.2
62. 3
65. 7 I
68. 3 1
70. 1
70. 5
72. 3
74.5
76.5
Illinois
rel. to 1925-27 .!
63.6
76.3
77.5
76.6
75.6
Iowa
rel. to 1923
102. 2
105. 0 i 106. 3 i 109. 1 i 108. 7 i 110. 1
110.1
112.5
117.2
114.6
113.8
111.0
60. 2
63. 1 i
68. 6 i
69. 1 i
67. 6
69. 0
70.8
71.2
69.4
69.9
Massachusetts
rel. to 1925-27
59 2
72.2
71.9
Maryland
-rel. to 1924
66. 0
67. 2
70. 6 j
72. 0 i
72. 3
72. 5
73. 8
76.2
75.9
76.2
75.5
76. 7
73.6
New Jersey
rel. to 1923-25 i 68. 1
75.3
77.4
82.2
71.0
72. 4 1
73.2
73.0!
72.6
73.6
75.7
77.0
77.9 i
New York State
rel to 1923 •
60 5
67.5
69. 3
61.5
63.7
65.8
64.0
64.2
65.6
67.6
68.5
69.0
69.6
New York State
- number I 334 917 340,494 352,453 i 384,265 353,895 | 355,504 ! 362,885 373, 993 382, 045 384, 983 379,089 373, 304 , 383, 518
71.0
74.3 !
75.5
76.9
78.2 i
81.3
82.7
82.4
81.9
83.0
80.9
79,8
Ohio
rel. to 1926.. |
Pennsylvania
- rel. to 1923-25 i
71. 1
77.4
81.7
71.5
71.9 i
72.7 !
72.9 i
72.5
74.8
79.4
80.2
78.9
79.8
Wisconsin
.....rel. to 1925-27. J
68. 2
70. 7
75. 0 i
75. 6 !
79. 6
76. 7
78.2
77.5
78.1
77.9
76.9
77.6
Applicants per 100 jobs, employment agencies:
151 i
195
266 '
237
206
165
151
Canada
.
.number .. ._ .
147
141
156
133
214
221 j
196
217 I
209
205
181
202
224 i
177
179
United States
number '
218
Central States
number i
..
232
258
269 1
250
273 !
247
246
206
199
215
261 I
233
Eastern States
number ...
232
231
191
212 \
235 :
221
187
181
202
209
254
239
Southern States
. .number i
257
264 i
2S7
411
265 i
277
293
345
237
215
265
314
Western States.
number..
114
118
91
94
94
84
91
66
89
103
80
75
Illinois..
number..
173
208 ,
251 i
220 i
244
250
245
331
218
215
270
228
250
191
Wisconsin
_
.
number ;
225 ;
249
232
199
186
212
172
197
197
230
250
Employment Trade Unions:
Canada
p ct. of total membership
81. 7
81 9 ;
84 2
83 8
83. 7
83.8
83.0
85.1
84.5
84.4
84.0
United States.p. ct. of total membership..
70. 0
75.0
77.0
73. 0 j
74. 0
74. 0 !
74. 0
74. 0 i
75. 0
74.0
73.0
75.0
73.0
108.5
103.0 j 103.9
107.1 1 105.2
103.8 j 103.6
102.2
100.2
99.7
101.7
Employment, Canada
rel. to 1926—
—
100.7
Factories, time operated:
!
90
90
89
87 '
88
88
89
89
89
91
91
Total
p. ct. of full time
.
90
Chemicals and other
95
products
p. ct. of full time
94 ;
93
94
93
92 ]
95
96
95
97
96
95
Food and kindred prod97
96
96
96
95
96 j
95
97
ucts . ._
p. ct. of full time.
96
96
96
96
;
Leather and its
finished
j
91
92
92
87
79
83
90 !
93 !
92
90
91
89
products
p. ct. of full time
Lumber and Its manu\
84
83
SO
82
83
83 I
84
85
85
85
factures
p. ct. of full time '
86
84
Iron and steel and their
80
79
80
73
74
74
76
76
77
80
80
products
p. ct. of full time.. ] 80
SO
83
82 ' 8 4
84
84
85
87
86
86
Nonferrous metals
p. ct. of full time
86
87
91
92 !
92 |
93
93
94
95
96
Paper and printing
p. ct. of full time '
95
95
95
96
Stone, clay, and glass
91
S6 :
88
88 j
90
90
90
91
90
products
p. ct. of full time..
91
90 :
90




February. 1932

SURVEY OF CURRENT BUSINESS

49

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem- NovemOctober Septem- August
ment to the Survey
ber
ber
ber

1931

July | June
1
i
i
j

1930
May

April

March

EMPLOYMENT AND WAGES— Con.
Employment—Continued
i
Textiles and their prod92
92
93
90
92
93
94
91
ucts
p. et. of full time..
91
85
84
85
87
87
88
87
87
86
Tobacco manufactures.._p. ct. of full time-Vehicles for land trans89
92
92
88
91
91
89
90
88
portation
. p. ct. of full timeMiscellaneous indus83
85
85
85
88
88
87
85
86
tries
p. ct. of full timeFederal Civilian Employees (Wash69, 894 70, 056 70,580 70, 885 71,658 71, 693 72,417 72, 297 71, 917
ington)
_
number..
Hours of work in factories:
39.2
39.9
37.6
41.7
41.8
38.2
40.9
42.7
Actual
. hours per week..
39.9
48.0
48.2
48.0
48.2
48.0
47.9
48.0
48.0
48.1
Nominal
hours per week..
Labor disputes:
49
39
46
54
51
27
259
45
243
Disputes
number..
393, 884 .041,917 2491,024 21,213,120 666, 309 506, 097 402,437 769, 720 422, 545
Man-days lost in month
„ number..
16, 295 ' 30, 075 237,164 217,003 58, 995 17, 071 15,735 22,604 28, 139
Workers involved
number..
Labor turnover:
37.2
43.2
42.7
35.5
29.3
32.8
43.6
32.4
Accessions .. . p. ct. of no. on pay roll-30.6
38.7
Separations—
46.1 i
41.6 i
34.8
54.9
45.1
43.2
61.9
73.2
Total
- p. ct. of no. on pay roll..
68.4
40.4
3.8 i
3.1
2.0 i
2.9
2.8
3.3
2.9
Discharges. __p. ct. of no. on pay roll—
2.5
2.6
1.9
23.9 ;
39.1
20.6
46.7
35.7 |
28.2
28.6
59.0
51.4
Lay-offs
p. ct. of no. on pay roll—
30.7
Voluntary
12.9
13.2
13.9 i
12.4
8.5
11.1
14.1
12.4
quits
p. ct. of no. 01 pay roll7.8
11.8
Ohio construction, employ62.8
60.0
53.7
61.3
45.4 !
63.3
54.2
60.0
58.3
ment
rel. to 19261,331 i 1, 319
1,310
1,317
1,337
1,254
Railways, employees on pay roll—thousands..
1,225
1,288
Wages
Factory pay rolls (Fed. Kes. Bd.):
56.2 i
64.4
72.1
73.6
74. 9
67.6
64.3
Total
....rel. to 1923-2559.4
61.8
55.8
49.4
54.0
40.9 !
54.4
66.7
55.7 |
48.1
43.9
Cement, clay, and glass
rel. to 1923-25...
37.4
46.1
Chemicals89.8
92.0 i
76.4 !
82.9
84.1
88.4
80.4
80.8
Group
rel. to 1923-25—
§0.8
75.0
90.8
277.9 !
89.6
96.1
96.7
85.6
91.1
Petroleuin refining
rel. to 1923-25—
80.8
83.0
77.8
41.2
69.1
70.0
52.4
64.9
67.6
50.6
43.9
45.2
Iron and steel ...
. rel. to 1923-25..
41.0
73.4
47.0
70.6
72.6
66,7
68.7
75,5
Leather and its products... rel . to 1923-2556. 4 !
67.7
50.3
34.4
44.9
45.7
46.2
44.6
41.3
41.7
38.2
Lumber and its products-rel. to 1923-2531.2
40.3
57.4
69.7
72.0
48.3
62.4
67.8
54.9
Machinery
. . rel. to 1923-25 .. 48.9
50.2 i
51. 2
48.8
63.4
65.4
66.3
59.1
54.5
52.9 i
49.9
Nonferrou^ metals
rel. to 1923-25- . 48.6
50.2
101.9
90.6
100.6
93.6
96.6
100.0
93.1 :
91.4 i
90.4
Paper and printing
_ rel. to 1923-25—
91.0
50.1
66.8
63. 2
72.4
64.0
71.0
62.2 !
53.7
Bubber products
rel. to 1923-25.. ;
54.6
52. o
59.3
65.9
76.8
71.7
81. 9
70.2 !
66.7
Textiles
rel. to 1923-25— !
71.0
66.0
58.1
68.3
67.5
68. S
68.3
65.7
64.5
66.3 i
Tobacco products
..rel. to 1923-25— i
64.6
62.7
58.9
Transportation—
45.2
65.3 1
64.1
52.7
58.8
66.1
50.9
Group
.
- - rel. to 1923-25..
45.3
45.6
47.1
42.3
53.2
70.8
67.7
62.1
50.4 :
75.6
41.4
Automobile
rel. to 1923-25—
48.0
41.5
Nonmamifacturing industries:
79.9
75.2
71.3
56.4 i
53.7
76.1
66.7
91.1
Anthracite mining
—rel. to 1929.. i
64.9
78.8
54.6
58.6
65.2
52.4
54.4
50.4
50.6 i
56.2
Bituminous coal mining
rcl. to 1929— !
52.3
63.6
51.4
35.1
46,1
49.3
52.8
41. 3
40.2 i
37.4
Metalliferous mining.
rel. to 1929— i
40.0
34.3
Quarrying and nonmetallic
43.3
62.3
62.6
58. 2
60.1
55.1 i
57.3
48.7
raining
—.rel. to 1929- }
36.9
51.2
52.0
66.3
73.2
59. 2
66.3
64.7
62.7
54. 4
Crude petroleum producing _.rel. to 1929— |
54.9
55.2
89.7
95.0
97.9
93.3
94.1
95.0
92.3 i
Telephone and telegraph..... rel. to 1929.. i
92. 7 i
91.6
92.1
;
93.3
i
97,4
97.6
102. 4
98.3
98,7
96.2
91.2
93.2 ;
94.3 i
Power, light, and water
rel. to 1029..
Operation arid maintenance of
1
79.7
85.1
88.6
88.1
83.3
84.8
81.9 !
79.0 1
electric railroads
... .rel. to 1929— !
77.8
81.2
79.7
85.2
89.1
84.1
84,7
82. 1 !
83,3
77.8
79.9 i
81.4 i
Wholesale trade..
rel. to 1929.. !!
85.4
88.3
87.5
88.0 !
87.6
80. 3 !
83. 3
84.6
83.5
Retail trade... — -rel. to 1929..
94.1
7
77.1
89.9
85.2
93.4
85.4 !
87.7 1
83.8 !
75.4 !
Hotels
rel. to 1929.. |
9. 7 |
81.9 i
48.1
67,1
56.0 ]
50. 3
74,2
58.6
129.4 | 104. 7 j
Canning and preserving
rel. to 1929.. !
36.9 |
77.6
Farm wages, without board
* 38. 37
* 37. 00
dolls per month i 330.53
* 34. 22
Industrial pay rolls:
Total, monthly54. 7
79.7
81.7
78.0
68. 7
81. 1
56.4 I
68.9
Delaware
rel. to 1923-25- i
61.0 !
64.1 :
05.8
76.1
77.3
72.0 i
76.3 i
70.8
68. 9
66.6 !
70.7 i
62.7
New Jersey
rel. to 1923-25.. !
56.2
69.1
62.0
66.6 i
63.2
71.1
54.8
63.0 j
New York
.-rel. to 1923..
59.0
61.6 i
51.3
64.9 i
69.5
68.4
55.6
60.6 i
52.1
Pennsylvania
-—rel. to 1923-25..
53.9 1
56.1
53.7 i
50.0
68. 2
68.8
64.2 |
61 0
67.2 |
58.9 !
Wisconsin
rel. to 1925-27.
55.6
52.8
Weekly8, 479
9, 524 10, 046 j 10, 414 10, 723
New York State
thous. of dolls.. 8,254
8, 897 I 9, 493 ! 9, 279 ! 9, 347
Road building, wages of common labor:
By geographic sections34
35
37
S6
37 ;
37 1
33 !
34
United States average-cents per hour..
35
30
38
41
35
36
37 !
36 !
40
36
35
East North Central— cents per hour-37 S
18
21
21
20
'
20
20 i
19 ;
19
East South Central. ..cents per hour.. I
18 i
18
41
38
37
38 i
30
36
38
36
37
37
Middle Atlantic—. cents per hour.. |
46
45
45 !
44
43
46 !
47
47
46
Mountain section
cents per hour- I
46
43
45 i
47 i
45
48
44
44 ,
43
42
43
New Ergland
cents per hour
hi
50 !
51
51 ;
52
51
51 1
60 1
51
50
Pacific section..
cents per hour..
21
22
22
24
21 !
21 i
21
20
21 !
20
South Atlantic...
cents per hour36
35
36 !
36
37
36
36 1
35
35
35 !
West North Central-cents per hour21
23
23
20
20 |
22 1
22 j
23 |
24 ';
West Sooth Central.. cents per hour-24
.669
!
.664
. 660
.664
. 662
.659
.664 i
.669
Railways, average hourly wages
dollars..
--50
50
50 j
50 i
i
45"
50
50
45 ;
45 1
U. S. Steel Corpn., wage rates . cents per hour..
Weekly earnings of factory labor:
United States, totals, 23 industries23. 93
20. 31
22.34
23. 82
24.25
23.07
22. 49
21.21
21.75
Grand total
dollars. .
89. 5
89.9
91. 1 i
84.0
86.7 i
|
76.3
84.5 !
81.7
79.7 !
Grand total
rel. to 1923..
Men25. 32
25.76 j 25. 35
24.42
! 21. 00
23. 65
23. 81
Total
dollars 1
22.60 ! 23.08
88.3
88.4
!
73.2
82.5
89. 8 i
85.1 i
80.5
83,0 ;
78.8 !
Total
rel. to 1923.. 1. .
27. 04 i 26. 49 > 26. 49
25.71
24. 76 i 24. 89
Skilled
dollars.
_. i 22. 22
23.10 1 23. 95
86.0 '
86.0
87.8 I
!
72.1
80.8
83.4 1
80.4 !
77.7 i
75.0 !
Skilled
...rel. to 192320. 78
20. 75 j 20. 46
19.55
18. 92
1 17. 07
18. 86
18. 05 j 18. 19
Unskilled
dollars- I
93. 3
84.9
91.8
87.7 i1
93.1 j
81.6
I
76. 6
84.6 i
81.0 i
Unskilled
-rel. to 1923-|
15. 62
14. 78 ! 14. 79
15. 17
1,5. 37 1 15. 22
13. 38
14.57
13.85
Women .
.
dollars.. i
88.0
89. 2 !
88.3 S
90.6
85.7 i
85.8
84.5 i
i
77. 6
Women
.
rel. to 1923.. i
80.3
8
Quarter ending In month indicated,
2 Revised.




Febru- January Decemary
ber
|
93
85

90
88

90
91

91

89

91

87

88

88

71, 162

71, 252

71, 189

42.3
47.9

40.2
48.0

41.7
48.3

34
20
228,329 181,031
12, 512
2,927

7
194, 455
5, 144

36.8

35.0

25.1

35.0
2.6
22.8

33.9
2.2
23.0

44.6
2.5
32.2

9.6

8.7

51.9
1,316

49.4
1,334

59.8
1,357

73.2
61.4

68.4
46.6

73.7
56.3

92.9
100.8
67.5
68.8
45.6
71.9
64.4
100.7
63.8
76.9
65.3

90.4
99.3
62.4
60.6
44.0
69.9
64.1
101.3
63. S
68.4
64.3

i

9.9

62.2
61.1

i

59.9
77.2
101.3
106. 3

85.6
87.5 ;
89.4 :
91.0
46,1 ;

107. 7

77.0
77.5
60.7
66.2
60.0

:
I1
!!
ii
\

78. 7
83.4
69.7
71.3
63.9

10, 048

1

10,513
37
37
22
41
45
51
51
22
37

so

SO !
37
21 '
40 1
44
48
51
20 ;1
37
26 ;
. 670
50

24. 29
93. 3

i1

50.4 i
71.5 1
96.3
98. 6 |

10, 365

i

100.0

79.9
78.6
68. 8
68.3
65.8

;

89.3 !
73.3 !
55.0 1

87.1
88.4
86.7
93.7
48.6

;

60. S
55.5

54.4
70.0
94.8
99.7

i

51.8 i
40.0 j

101. 9
68.3
54.6

;

l

94.7
101.4
66.7
58.1
50.4
75.0
67.9
105.7
62.6
72.2
77.7

23.07 ;
86.7 :

24. 03

25. 83
90.1
26. 91
87.3
20. 89
93.8
15.33
88.9

24.45
85. 3
25. 89
84.0
19.77
88. 7
14.79
85.8

25. 55
89.1
26.71
86.7
20.46
91. 8
15. 64
90.7

-36
33
22
39

42

48
61
24
36
28
.689

|
!
:
I
i
i

|
!
I
Ii:
i
1':

77.7
59. 9

88. 6

91.3

91.5
57.4
3 39. 04

28

.670
50

90.3

50

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931

Decem- ™- October Septem- August
ber
ber

July

1930

June

May

April ' March

Febru- January Decemary
j
ber

EMPLOYMENT AND WAGES-Con.
Wages— C ontinued
Totals by States —
Delaware
rel to 1923-25
Illinois
dollars. _
Illinois
rel. to 1925-27. .
New Jersey
rel to 1923-25
New York
- . .dollars,.
New York _ .
rel. to 1923..
Pennsylvania
rel. to 1923-25_.
Wisconsin
-.. - dollars .
Wisconsin
rel to 1925-27
Youngstown district, wages of
steel workers
p. ct. of base scale. .

102.4
25.13
88.6
105.0

81. 7
21. 63
70. 2
96. 3
24. 66
90.5
74.4

80.2
21. 12
74. 4
97. 0
24.91
91.4
72. 9
17.95
70. 8

90.0
22. 16
78. 1
99. 4
25.26
92.7
76. 3
18.13
71. 7

87.0
22.52
79.4
95.1
26.07
95.7
75.3
18.24
72.2

91.2
23.70
83.5
101.4
26.23
96.3
78. 4
19.43
76.4

89.9
23. 86
84.1
102.2
26. BO
96.5
78.3
19.37
75.7

100.5
23.93
84.3
102.2
26.25
96.4
82.3
21.16
82.8

103.6
24.54
86.5
105.8
26.87
98.6
85.6
21. 65
84.9

101.3
24. 99
88.1
105. 1
27. 2T
100.1
89.2
22.26
86.7

27.87

107. 5

107. 5

107. 5

107.5

107. 5

107.5

110.5

110.5

115.0

190

192

192

193

195

195

196

197

187.2

sai

100.8
25.29
89.1
106.2
27.35
100.4
86.8
21.64
84,3

97.9 i
24.25
85.5
104. 1
26.92
98.8
85.6
19.70
76.5

100. 6
25. 09
88.4
106. 0
27. 42
100.7
87. 8
20.84
SI. 1

115.0

113.5

113.5

116.5

199

199

200

102.3
87.5

22.69

CONSTRUCTION
Building Costs
Building costs (^4. O. C.\, 1st of
month
.
rel. to 1913 ,
Building costs (E. N, JR.) 1st of
month
rel, to 1913
Building materials:
Brick house, 1st of month
rei. to 1913..
Frame house, 1st of month
rel. to 1913..
Construction costs (Am. Appraisal) :
Brick, ^teel frame
rel. to 1913 .
Brick, wood frame
rel. to 1913..
Frame
„ rel. to 1913
Reinforced concrete
rel to 1913
Factory costs (Aberthaw)
rel. to 1914
Building volume (A. 0. C.)
rel. to 1913..

199 !

199

166. 2

169.3

169.8

171.4

171.4

174.4

189.3

191.6

194.5

196.6

194.5

196.9

161
156

163
158

162
156

161
154

163
156

164
155

168
158

167
160

167
167

170
163

171
165

170
163

174
168

162
170
156
160

161
172
157
162

163
176
160
165

165
177
162
166

172
186
172
176

179 !
194
179 !
182

144

140

107

87

178
192
178
181
»181
78

179
Ift4
179
182

126

166
179
165
188
»176
137

166
180
166
169

119

163
174
159
184
* 174
135

99

95 :

38

49

55

59

59

63

65

66

73

77

79

71

73

5, 951
17,210
136, 852

7, 014
20,519
151,196

9,105
8. 701
30,068
30,700
242,094 251,110

9,242
30, 631
233, 106

10,663 I 10,808
33, 812
35, 001
285,897 331,880

11, 506
38. 941
306,079

11, 888
39, 380
336, 925

10, 788
7,628
6,911
37. $55 28,339 24, 835
568, 981 235, 406 227, 956

7,391
29, 055
249, 436

s 172
79

179
196
182
184
3
185
123

Construction Contracts Awarded
Total construction,
F. R. B. adjusted
rel. to 1923-1925 .
Total construction, all types:
F. W. Dodge Corp.—
Projects
...
..number..
Floor space
thous. of sq. ft..
Valuation
.thous. of dolls .
Public works and utilities:
Projects
.
number.Floor space
thous. of sq. ft..
Valuation
thous. of dolls .
Residential buildings, all types:
Projects.
.
number..
Floor space
_. thous. of sq. ft..
Valuation
thous. of dolls..
Contracts awarded, Canada.. _thous. of dolls.,.
Engineering construction (E. N. R.) :
Total public
thous. of dolls..
Water works
thous, of dolls
Sewers. __ _ ...
thous. of dolls..
Bridges, public
thous. of dolls. .
Excavation
_ thous, of dolls
Street and roads
_ .thous. of dolls. _
Federal Government. .thous. of dolls..
Unclassifled, public... thous. of dolls..
Buildings, public.
thous. of dolls..
Total private
thous of dolls
Buildings, industrial.. thous. of dolls..
Buildings,conimercial_thous. of dolls. .
Bridges, private
thous. of dolls..
Unclassifiedthous. of dolls

977
280
50, 307

992 i 1,288
271
171
47,410
82,462

1,800
353
85, 139

1,719
737
72, 964

2, 048
1, 233
110, 265

2, 030
2, 367
154, 612

2,141
387
108,948

1,907 i
1,681
785
522
132,983 151, 722

1,080
246
78, 643

978
393
95, 211

1,009
697
78, 621

3, 507
8, 753
36, 164

4,257
5,268
10,958 i 15,217
45,290
60,540
24,642
28,789

5,096
12, 992
54, 553
33, 658

5,141
14, 124
60,203
26, 143

5, 658
15, 889
63, 893
28, 055

5, 972
16, 913
72, 745
29, 793

6.652
21,911
88,900
36,898

7,221 ! 6,486
22,633 | 22,090
95,896 ! 100,913
27, 312
22,708

4,520
16, 559
77,918
25,930

4,056
12,235 i
54,376 !
20,299

4,340
14, 705
70,911
24, 542

76, 489
2,414
4, 786
6,789
558
26, 427
16, 620
3, 370
15, 525
48, 642
7,995
22, 837
25
17, 785

82,031 ' 106,113
3,316
3,038
7, 590 1 5, 176
6,561
15,817
642
1, 624
18, 992
28, 703
22, 224
18, 821
8,400
8,108
14,306
24,826
56, 727 119, 060
8, 837
19, 141
24, 022
86, 128
800
450
23,068
13,341

129, 157
6,390
7,733
9,948
2,365
29,840
41, 637
4,753
26, 491
47, 799
10, 021
25, 446
944
11,388

125, 737
8, 016
5, 370
5, 788
1, 419
62,471
20, 158
3, 965
18, 552
70, 589
13, 901
40, 986
25
15,677

122, 036
6,248
3,254
11, 801
4,198
63, 167
10, 340
6,422
18,606
95, 797
12, 606
54, 413
6,248
22, 530

176,076 i 168, 925
10,219 1 2,542
7,727
11,300
9,916
9,752
1,143
1,122
81,623
53, 388
26,389
66, 225
8,214
10,247
30, 844
14, 349
78, 421
140, 830
22, 965
16, 566
67, 444
46, 128
50
25
15, 702
50, 371

83, 837
3,110
3,043
2,477
1,768
36, 682
14,571
5,633
16, 553
94, 705
14, 119
50, 432
30, 154

116, 535
6,431
5,079 i
11,428
2,908
39, 620
10, 576
16, 134
25,359
120, 660
14, 135
54,316
230
51, 979

99, 616
2,237
5, 669
6,289
3, 762
25, 650
12, 300
22, 915
20, 794
73, 199
11,746
51,742
100
9,611

33,025
33,368
1,999 : 12,427

37, 835
3,867

41, 424
3, 602

44, 074
3,488

41, 776
4,689

44, 090
4,053

42, 670
4, 689

82,453 148, 784
1,153
5, 538
6,059
5, 697
6,909
28, 520
1, 180
1,711
31,088 56,511
10,839
22, 560
5,990
4, 129
24, 651
18, 704
66, 448 2 96, 326
11, 801 2 13, 663
33, 256
55, 242
137
2,250 i
21,254
25,171

o

Fire Losses
United States
Canada

40, 515
thous of dolls
thous. of dolls..

35, 502
3,510

33, 203
2,905

31,918
2, 819

63. 2

60.3

59.8

61. 1

58. 4

61.3

62.0

61.7

66.7

66.0

68.9

4,009
2,482

8,702
6,182

7,675
5,437

12, 470
9, 309

15, 957
13, 536

12, 303
10, 038

24, 671
21, 982

19, 467
17, 673

9,403
8,321

10, 107 ;
9,218

8, 808
5, 081

42,087 i 65,340
1, 435
2, 113
7,928
9,028

53, 415
1,887
10, 659

26, 799
943
11,884

26, 164
1, 018
12, 207

13, 994
651
12, 306

5,059
225
11,229

9,100
254
9,569

5,826
205
8,277

9,654
188
7,489

17, 416
423
6,957

42, 751
1,071
7,030

8.072
8.096
8. 096
8. 069
8.069
8.072
8.064
Average fares (272 cities)
cents
8.066
' 8. 114
8. 114
8. 096
Passengers carried (232 co.'s).thous. of persons- 802, 149 ; 740,461 794,798 734, 056 712, 660 739, 617 787, 453 831, 183 843, 669 881, 501 782,034 860, 458
Operating revenue (all railways)
56, 981
60, 232
64, 332
thous. of dolls..
63, 718
55, 966
55, 835
66, 028 60, 370 66, 839

8.050
898, 062

35, 288
2,307

Real Estate
Market activity.

rel. to 1926
Highways

Concrete pavements, new contracts:
Total
_
thous. of sq. yds..
Road
thous. of sq. yds
Federal-aid highways:
Completed—
Cost
thous of dolls
Distance
miles..

5, 364
4,215

4,361
3,559

I

PUBLIC UTILITIES
Electric Railways

70, 165

Gas and Electric Power
Electric power companies, gross
revenue
thous of dolls
* Revised.




172,240

167, 380 187, 190 168, 510 171,550 176,210
t Qutrter ending in month In Heated.

175,840 182, 280 '196,970 ' 191,920

51

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem- \ Novemment to the Survey
October
ber
ber

1931
S6

bet?m"

August

Jul

^

1930

June

May

April

March

™™- ^anuary: ^

PUBLIC UTILITIES
Gas and Electric Power
Electric power production:
United StatesTotal
mills, of kw. hrs
By fuels
mills of kw hrs
By water power
mills, of kw. hrs._
In street railways, manufacturing
plants, etc
mills, of kw. hrs
In central stations.. .mills, of kw. hrs..Canada—
Total
mills of kw hrs
By water power
mills, of kw. hrs__
Exported
mills, of kw. hrs_~
Manufactured gas:
Sales
mills, cu. ft..
Revenue
thous. of dolls..
Natural gas:
Sales
mills, cu. ft_.
Revenue
thous of dolls
Rate of manufacturing operations (based on
consumption of electric energy for power purposes). (See under Industrial production.)

2

J

7, 532
« 5, 341
2, 191

7,628
5,165
2, 463

7,766
5, 022
2,744

7,526
4,642
2, 884

7, 639
4,500
3,139

7,643
4,520
3, 123

7,876
5,243
2,633

7, 160
5,001
2,159 i

7, 947
5,597
2,350

8,108
5,746
2,362

418
7, 323

445
»7,087

470
27,153

506
7, 260

509
7,017

447
7,192

454
7,189

452
7,424

410
6,750 !

460
7,487

502
7, 606

1,387
1, 358
73

1,425
1,398
95

1,288
1,263
93

1,256
1,234
100

1,251
1,231
95

1,290
1,268
89

1,366
1,343
87

1,411
1,388
98

1,418
1,392
128

1,339
1,311
145

1,489
1,456
162

1, 542
1, 513
149

27,599
30, 319

27, 820
30, 195

25, 985
28,681

23, 527
26, 046

24, 741
27, 337

28,310
30, 654

29, 865
31, 827

30, 731
32, 356

30, 945
32, 386

31,110
32, 504

33,478
34, 947

31, 320
32, 963

43, 908
19, 250

37, 628
15, 276

33, 823
13, 490

31, 661
12, 813

32, 834
13, 482

36, 821
16, 159

43, 340
20; 108

52, 568
24, 225

54, 729
26, 031

56,242
27,124

63,338
31,037

56, 529
26, 816

72, 606
15, 170

75, 440
17, 849

73,414
17,523

73, 337
16, 621

74, 802
16, 320

75, 919
17, 977

76,804
18,046

77,098
19,051

77, 214
18, 650

73,277 ' 76,824
16,864 j 17,892

77, 820
16, 070

7,387
9, 680
722

8,243
10, 859
951

8,441
11,012
567

8,359
10, 825
387

8,774
11,370
461

9,212
11, 875
1, 737

9,133
11,744
1,426

9,391
11,963
1,513

9,346
12,024
1,406

8,326
10,806
724

10,012
12, 973
1, 517

129
9,540

7,791
5, 088
2,703

135
9,695

134
9,428

139
9,773

105
10, 151

107
10, 493

129
10, 196

119
10, 113

213, 562
221, 308
104, 873
1,135
505

246, 551
197, 997
106, 931
962
587

294, 720
186, 414
104, 266
1,042
425

237, 024
211, 172
104, 300
1,331
506

143, 627
203, 230
86, 016
1,257
385

169, 760
216, 559
99, 901
1,508
457

134, 854
203, 085
82, 465
1,518
349

52, 700
163, 186
82, 970
1,535
0

7, 405
25,298
32,107
411
6,972

2 7, 765
2
5, 706
2
2, 059
2

Telephone
Telephone companies:
Operating revenues.
thous. of dolls..
Operating income
thous. of dolls..
Telegraph
Commercial telegraph tolls
thous. of dolls..
Operating revenues
thous of dolls
Operating income
thous. of dolls..
Transportation
Express earnings:
Operating income
thous. of dolls..
Operating revenue
thous. of dolls..
Inland waterways:
Allegheny River
short tons..
Cape Cod Canal
short tons
Mississippi River Govt. barges short tons._
Monongahela River. thous. of short tons..
New York canals
thous. of short tons..
Ohio RiverCincinnati district
thous of short tons
Huntington district
j
. , thous of short tons
Louisville district
thous of short tons
Pittsburg to Wheeling
short tons..
Pittsburg district
thous. of short tons
Panama Canal —
Total traffic
thous of long tons
U. S. vessels
thous. of long tons.British vessels.. _ .thous. of long tons.St. Lawrence Canal, thous. of short tons..
Sault Ste. Marie Canal
thous of short tons

119, 972
221, 673
166, 200
891

156, 642
209, 864
86, 346
998
510

2

3

»315
i » 1.193 !

463, 164

548, 640

603, 544

1, 649
744
405
32

1, 578
676
371
664

1,763
930
327
795

293

3,049
1,964

6,248
2,019

»856
635, 571

8,943
11,528
609

134
9,687 :

128
9,884 i

49, 620
165,789
69, 572
1, 359
0

58, 740
233,890
75, 512
1, 571
0

102
10, 826
64, 170
225, 021
107, 507
1,547
0

661, 514

849, 277

1,755
884
318
711

1,789
859
378
714

1,867
820
466
717

7,126
1,813

8,385
1,860

7,611
1,963

» 2, 135

290

365

383

«942

.

3 765

3 1, 268

3969
736, 187

»464
545, 900

428,499 ; 504,700

3951
500, 211

685, 526

713, 200

1,759
828
453
920

1,925
937
421
1,166

2,011
929
436
319

1,916
910
429
0

1, 930
864
448
0

2, 107
958
540
0

2,167
953
536
38

6,845
2,027

4,335
2,403

922
2,396

0
2,440

0
2,474

0
2,744
0

312
2,246
68, 400

5, 414
1, 843
3,571

5, 505
1,991
3,514

3 1, 484

3 2, 120

3 2, 440

0
0
Welland Canal ... . .. . . short tons.. 103, 954 954, 773 821, 454 968, 763 972, 976 871, 513 1,015,469 1,165,853 370, 003
Ocean traffic:
Clearances, vessels in foreign trade6,837
7,636
7, 463
5,044
5.605
6,461
6,639
5,907
4, 972
6.543
Total
-thous. of net tons.. 4, 86G
2,734
2, 298
2,478
2,742
2,420
American
_. thous. of net tons.. 1,729
2,092
1,773
2, 241
2,525
1, 695
3, 137
4,359
3,309
4,041
4,729
4,794
4,014
3,816
3,271
4,302
Foreign
thous. of net tons
3,277
Passenger travel:
Arrivals from abroad—
2, 899
5,017
3, 913
4,090
3,174
3,577
3,534
3,799
3,147
Immigrants
number
3,470
16, 823
32, 427
62, 581
30, 944
59, 372
25, 588
22, 518
34, 861
27,508 i
United States citizens
number •-28,281
Departures abroad—
11,318
9,541
10, 857
8,733
7,428
5,616
4,693
5,893
5,647
Emigrants
..number..
4,720 j
23, 224
42, 247
35, 016
23, 242
32, 278
46, 961
65, 895
29, 579
33,172
United States citizens
number >
24, 418
6,622
8,812
10, 749
28, 613
Passports issued
_
number..; 5, 513
7,345
17, 667
27,689
21, 466
14, 328
7,255 j
Pullman Company operations:
4,238
5,409
6,564
4,894
5,413
5,346
Revenue
thous. of dolls
4,499
5,470
5,055
5,238
1,526
1,969
1,966
1, 674
2,023
2,091
2, 051
1,900
1,986
1,919
Passengers carried
thousands J
Trend of business in hotels:
3.39
3.56
3.55
3.64
3.55
3.63
3.58
3.50
3.73
3.84
3.51
Average sale per occupied room. —dollars..
52
58
54
54
61
61
64
56
56
Room occupancy
p. ct. of capacity-60
63
Steam railways:
Equipment—
Freight cars—
In bad order, end of month—
Quantity.. _.
cars.. 187, 666 196, 324 194, 948 194, 127 187, 585 181, 702 172, 778 170, 165 162, 966 162, 117 153,606 i
8.7
8.3
8.9
7.9
7.4
6.9
9.0
8.6
7.7
7.3
Ratio to total cars.. .per cent-9.0
11
New orders
cars.798
534
443
972
2,166
24
28
3
46
2,768
Owned, end of month2,211
2,229
2,244
2,253 i
Quantity
thous. of cars..
2,216
2,220
2,224
2,249
2,251
Capacity
mills, of lbs_.
207, 259 2207,690 207, 947 208, 207 208, 679 209, 645 209,958 210, 102 210,235 j
Shipments546
404
341
762
780
524
648
1,082
Total
cars..
615
633
150
542
341
1,082
Domestic_
cars..
404
555
646
150
499
657
533
776
Unfilled orders (railroads)—
4,252
6,466
7,542
7,484
Total
cars .
4,610
5,100
7,179
6,585
8,637!
6,746
1,336
314
Of manufacturers
cars..
220
534
1,569
2,070
1,599
2,176
2,207
868
4,032
4,880
In railroad shops
cars..
4,296
5,109
4,986
5,130
4,566
5,366
5,915
6,430
Locomotives (Am. Ry. Assc.)—
1
11
1
Exports, steam
number..
2
0
3
5
0
1
i Revised.
Quarter ending in month indicated.


2

;

4,091 !
19,844 !

6, 439
28, 535

4,397 :
24,885
7,445 ;

5, 450
21, 140
6, 565

6,072 i
2,203

5,418
2, 180

3.80 :
66

3.72
60

147,650 !
6.7 i
0

147, 334
6.6
2, 691

2,254
210,229

2,258
210, 426

845
735

607
438

8,799
2,681
6,118

9,780
3,376
6,404

2

3

52

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem- j Novemment to the Survey
ber
i
ber

1931
October

S

«P'f - August

July

1930

June

April | March

May

*$? January December

PUBLIC UTILITIES— Continued
Locomotives

;

;

In bad order, end of monthAwaiting classified repairs
number.. 6,990
Ratio to total locomotives
. _ _ _ _ _ percent-13.0
Installed
number
68
New orders ___ _ _
number
11
Retired
__number_.
46
Owned, end of month —
Quantity... _ .
._ number __ 54, 4f>8
Tractive power
mills, of lbs__ 2,496
Shipments, manufacturers (Census)—
Total
number-Electric, domestic
number..
1
Steam, domestic.. _
number- .
0
Shipments, electric locomotives3Q
Industrial (quarterly) number
Mining (quarterly)
number
3 24
Unfilled orders (railroads), end of nio.__
Of manufacturers
number. _
30
9
In railroad shops
- number..
Unfilled orders, manufacturers' (Census)—
Total
number.143
104
Electric, domestic
number32
Steam, domestic
number-Passenger cars—
In railroad hands, end of quarter
__
numberNew orders .. ... _ . - cars..
0
Shipments—
Total
cars
2
Domestic...
__
cars2
Unfilled orders, end of quarter
number
Financial operations —
Net operating income, thous. of dolls. .
Operating revenuesCanada
thous. or dolls
United StatesTotal
.. .thous, of dollsFreight
-thous. of dolls-.
Passengers- -~-thous. of dolls _
Operating expenses.— thous. of dolls.Net operating revenue, Canada
_-_,„.
...thous. of dolls.Freight cars—
Carload! ngs*~
Total
.__. thous. of cars.. 2,273
Coal and coke -.„.,. thous, of cars. .
494
Forest products
thous. of cars..
71
Grain and grain products
112
_..!.. thous. of cars.87
Livestock, ..
thous. of cars-Ore.
. _
thous, of cars..
15
742
Merchandise, I. c. 1 -thous. of earsMiscellaneous
thous. of cars-.
753
Car surplus (dally average, last week
of month)—
Total...,
.
cars.. 750,690
Box
__ears_- 401,332
Coal
cars 268,669
Operation resultsFreight carried 1 mile—
Canada
mills, of tons
United States -.mills. -of tons— .._
Passengers carried 1 mile millions
Receipts per ton-mile
cents..

:

6,836

6,485

6, 310

6, 173

5,913

5,938

i

12.7
53
20
81

12.0
61
0
139

11.7
51
1
113

11.4
95
6
122

10.9
66
6
108

10.9
114
291

10.8
94
151
182

54, 861
1 2,509

54, 889
2,509

54,967
2,612

55,029
2,614

65, 056
2,613

55, 098
2,513

55, 278
2,518

9
0
8

4
0
4

13
1
2

13

1
6

19
0
19

26
0
26

\

11

3 3 L—
337 \

'

j

1

5,958 j

5,910

5,967

5, 734

5, 522

5,216

10.9 \
67 \
7 '
151

10.9
77
8
161

10. 4
86
8
128

10. 0
80
2
182

9.5
92
60
390

55,534 ! 55,576
2, 525
2, 525

55, 678
2,528

55,366 i 55,450
2,520 \ 2,522
15
2 i
12

30
6
6

i

15 !
5 !
10 |

16
6
10

49
7
37

* 17
i go

84

*82

323
376

0
10

15
4

15
12

16
13

18
14

20
16

31
20

67 j
24

60
26

57 !
29 i

64 !
30

;

so

ISO
105
21

\

112
105
7

120
105
14

74
55
18

bf>
65
20

95
54
30

58
0
47

80
0
69

j

95
2
81

103 !
7 !
85 |

91 '
12
78

104

„ . _ . * 51, 486
4
0

0|

;
;

;
0
0
0

0
21
0

» 50, 958
0
0
0

0
8
8

"6"
2
2

3 16

» 61, 136
0
13
13

6"
38
38

37
37

24
24

is
se

! « 51, 644
30 !
30 i

2

0
33
33

1

i

!

1

8

i

i 125

«24

90

*264

64, 020

55,319

55,859

66, 535

50, 163

32,611

30,158

28,265

29, 352

30, 480

363, 206
289,193
38, 202
261, 247

350, 335
270, 239
44,757
258, 223

364, 525
280, 103
49,183
2G9, 463

377, 146
290, 348
50,272
280, 127

369, 810
281,261
60,957
280, 145

369, 020
283, 161
46,981
288,067

7,363

5,036

1,871

2. 049

1,898

2,166

3,640

3,112

121 I

2,620
507
87

3,813
755
123

2, 908
616
104

3, 747
617
138

2, §31
452
100

9 ggy,

465
125

3, 735
611
165

2,988
480
130

2,940
555
138

145
25
80G
946

.193
145
102
1,081
1,415

149
96
121
841
1, OS1

228
106
175
1, 069
1, 413

220
71
139
830
1,113

140
75
119
876
1, 192

180
306
80
1,097
1,498

151
85
29
899
1,206

153
79
23
886
1,105

: 659,346
340,502
; 249,193

535, 254
290, 369
185, 442

564,284
203, 424
209, 765

573,680
302, 887
206, 240

564, 068
288,414
211., 044

599, 282
306, 443
224, 120

615, 924
308, 319
238, 504

602,832
282,315
251,679

62J,fiOO
298,837
252,825

25,086

2 907
30,' 588
1,541
1,046

2, 057
27,847
1,900
1. 049

1, 636
29.348
2,077
1. 041

1, 770
30, 276
2,116
1.051

2,207
28, 258
2, 034
1.090

2,178
30, 014
1,870
1.054

2, 136
28, 710
1,831
1. 093

2, 104
29, 960
1,758
1. 074

1,951 i
27.079
1,747
1.049

2,016 1
30,314
1,915
1.016 :

2, 239
&). 026

1, 167

1,171

1,174

1,178

1,179

1,182

1, 184

1,185

1,187

1, 187

1, 187 i

1, 187

124
535

124
540

133
548

137
651

137
532

131
536

138
540

138
544

128 !
548 i

128 ;
550 !

130
553

1,228

1,368

1,413

1,422

1,467

1, 520 :

39

95

124

162

123

85

89 i

328

243

341

380

409 \

431

456

447 1

439

232
436
278

198
357
379

171
293
444

125 '••
285 ;
441 ;

131
341
441

151
398
430

134 i
437 !
412 j

90
282
417

307

311

315

327 i

358

2,786
2,570
26,821 ; 27,589
19,620
19,421
99. 5
98. 4

2, 535
20, 948
17, 084
86.6

36,580

305.385
238,459
35,904
238,507

;
;

;
I

104

41, 264

30,934

39,074 i 45,906

27,264

30,812

30,613

26,788

369,652 376,149
283,711 291,289
47,272 ! 47,150
290,618 j 291,582

336.632
257,521
46,455
272, 116

i

33,849

49, 372

'

33, 450

28,141

377. 933
365,900
277,014 ! 280; 909
55, 443
53,349
294, 082 1i 297,606
424

5,910

2,836
584 i
138 i

3,491
817 i
156

»2,782
638
121

166
88
22
842
997 i

196 i
124 i
26
&97
1,176

»142
94
22
819
945

650,964 648,750
324 938 336,577
253,515 i 240,292

706, 538
380, 603
251, 358

;

2, 015
1,052

FINANCE
Agricultural Finances
Loans outstanding, end of month:
Federal land banks
mills, of dolls
Federal intermediate credit banks
mills, of dolls..
Joint-stock land banks
mills, of dolls..

130
545

Banking
Acceptances and commercial paper:
Bankers acceptances outstanding1,040
Total __
mills, of dolls .
1 , 002
996
1,090
Held by Federal reserve banks—
For own account
_. mills, of dolls. .
647
418
420
70
For account of foreign correspondents
mills, of dolls-99
120
100
228
Held by group of accepting banks112
Own bills.
mills, of dolls.. .125
162 i
168
118
Bills bought .
mills, of dolls
171
248
439
63
Held by others . .
_ _ mills, of dolls..
162
Go
185
Commercial paper outstanding
mills, of dolls
174
210
248
271
Bank debits:
Canada..
mills, of dolls2,587
2,842
2,451
2,244
New York City
mills, of dolls.. 19, 233 14, 464 20, 678 20,073
17,501
Outside New York City— .mills, of dolls.. 17,112 j 14,605 18, 125 16,627 16,526
Outside New York City... rel. to 1823-2591. 9
86.7
74.0
84.3 i
83.8
* Data for January, May, and October, 1931, are for 5 weeks, other months 4 weeks.




289

292

305

2,400
21,007
18, 444
93.5

2, 694
25, 893
19,406
98.4

3,172
25,072
18, 858
95.6

2 Revised.

1, 520

1, 656

2, 668 ;
3,012
24? 557 1 29, 001
21, 697
i 23, 107
110.0
» 117. 1

* Quarter ending in month indicated.

February, 1932

53

SURVEY OF CURRENT BUSINESS
MONTHLY BUSINESS STATISTICS—Continued

Earlier data for items shown here may \
be found in the l'J31 Annual Supple- Decem- NovemOctober Septem- August
ment to the Survey
\ ber
ber
ber

1931

July

1930

June

May

April

March

February

January P^1-

FSNANCE-ContlniiQd
Banking— Continued
j
Brokers' loans, end of month:
:j
By N. Y. F. 11. member banks
\
1,798
591
869
1,172
1,730
mills, of dolls :
1,390 !
1,479
1,539
1,734 J!
1 926
1,366
1,875
720
3.22
2.20
2.33
3.04
3.03
2.93
3.37
3.40
3.30
3.86
Hatio to market value
per cent- J
2.35
3,23
3.58
587
1,840
1,044
1,354
1, 344
1, 391
1, 435
1,651
1,720 !|
1,894
Total
mills, of dolls796
1,909
730
Federal reserve banks:
!
728
638
157
195
149
174
198
Bills discounted
.
mills, of dolls..'
255
250
232 i
251
328
713
Member bank reserve account
<
2,167
2,371
2,343
mills, of dolls.. | 1, 961
2,367
2,381
2,389
2, 364
2,398 !
2,471
2,373
2,428
2,051
2,429
1,535
1,478
1,765
1,723
1,580
Notes in circulation
..mills, of dolls..!
2, 098
1,494 ,
1,664
1,963
1,486
2, 480
937
2,184
925
976
943
917
Reserve bank credit
mills, of dolls, _ j l' 853
980 I
1,373
1.578
990
1, 255
1, 931
f)
2, 434
2,380
2 527
2, 50 4
2, 442
2 506
2, 399
Total deposits
mills, of dolls ! 2, 1 25
2 632
2 252
2 448 : '
517
2 506
751
773
724
761
1,408
943
708
Total investments . . .. mills, of dolls. ! 1, 206
1.211
723
1 169
735 'i
1,100
3,244
3, 334
2,903
3, 597
3, 576
3, 413
3, 29f>
3,243 i :
3,082
3,301
Total reserve
mills, of dolls. .1 3, 158
3,619
3 080
Federal reserve member banks:
\
13, 664
13, 614
12, 449
13, 473
13, 688
13, 605
Net demand deposits ...... mills, of dolls. J 1J,871 12 199
13, 748
13,680 !| 13,999
13, 227
13, 244
7,903
7,183
7, 810
7, 795
7, 807
7,700
7.551
6,843 :i
6 693
Total investments
mills of dolls ' 7, 428
7 506
7 916
7 665
14, 993
15,464
13, 521
14,486
14,091
14,730
15, 382
Total loans and discounts.. mills, of dolls,.! 13, 104
15,753 ; i 16,263
14, 398
13,350
14, 191
Interest rates:
i
1.52
1.50
9 50
2.10
2 70
1 50
1. 50
1. 45
1.55
2.57 ;
2 23
Call loans renewal
per cent
1 50
1 50
5.63
5.63
5.63
5. 63
5. S3 i
5. 63
Federal land banks
per cent
5.63
5.63 ;
5.63
5.63
5 63
5 63
4.06
3. 81
3. 90
4. 00
4.00
4.00
4.00
Intermediate credit banks..
per cent...
4. 00 "
4. 00
4 50
3.81
3. 81
New York Federal Reserve
;
!
2.00
2.00
3.50
* 3. 50
1 50
!. 50
* 1. 50
2. 00
* 2. 00
Bank (discount rate), _
..per cent..!
2.00
1.50
3 50
1.50
1.44
1.50
3.00
2.50
.88
. 88 '
2, 00
1.50
Prime bankers' acceptances
per cent..!
1.07
1.56
1.88
.88
3.07
Prime commercial paper (4-6 months)
2. 63
. __
per cent..1 3.88
2. 00
2. 00
2. 13
3.13
2.38
2.50
2. 88 ;
2.88
2.00
2.00
4 00
2. 13
9 25
3.50
3.25
2.00
2. 13
1.88
L38
1.50
1.75
Time loans. 90 days
per cent
3 50
1 63
1 38
Savings deposits:
5,059
4,928
5,217
5, 149
5, 156 j 5, 083
New York State
mills, of dolls.. 5,255
4,888
4,792
5,018
5,231
5,213
5,173
United States postal savings system31,353
32, 061
Deposits
...thous. of dolls.,
62, 047
43, 505 ; 31, 822
29, 337
51,585 : 58,879
73, 774
20, 944
17, 648
Withdrawals
thous. of dolls..
27,007
21,117
20,568
18, 638
18,611 ! 14,167
23, 532
Balance to credit of depositors
thous. of dolls _ 595, 634 555 560 527, 130 460, 915 2 422, 699 372,457 347,417 325,028 313, 775 302, 658 292, 059 278,353 ! 245,379
Balance on deposit in banks..
thous. of dolls..
209,509
464 841 447, 300 401, 200 368 000 329, 655 306, 120 289, 034 278, 304 267, 790 255, 268 240,216
Business Failures
Firms (United States):
522
64
77
353
202
344
93
167
89
Banks
.
number
i 174
86
305
58
2, 362
2,563
1S983
1,993
2,248
2,386
Total commercial.
...number.. 2, 758
2,604
3,316 i
2,525
1,944
2,195
1,936
614
591
515
583
520
449
552
582
Manufacturers,
..number..
611 ;
537
449
427
519
1,710
1, 605
1,322
1,435
1,570
1,843
2,541 :
1,834
Trade establishments
number . 2,013
1,831
1 545
1,374
1,381
154
149
143
141
109
126
158
164 !
154
Agents and brokers
--number-179
113
136
131
By groups|
Manufacturers—
614
591
520
449
552
583
515
Total
number
582
611 :
537
449
427
519
11
9
14
5
13
13
7
12
9
Chemicals. _ _ .
number
10 i
9
13
12
48
50
34
64
43
32
34
38
37
Foodstuffs
number
40
37
40
30
;
11
20
12
14
16
26
14
Leather
... number
18
23
17
14
14
18
4
9
14
6
10
4
6
Liquors and tobacco
number, .
9
10
6
6
15
65
72
54
39
57
65
Lumber
number
75
61
76 !
77
49
52
62
29
32
17
21
27
10
15
21 i
15
Printing and engraving-number..
27
24
23
14
11
4
13
7
9
9
5
Stone, clay, and glass
number, .
7
11 1
12
18
6
6
116
81
75
53
78
96
78
124 i
85
Textiles . . . .
number
79
82
64
61
49
54
55
49
37
50
55
52
44 i
34
Metals
number. _
49
32
64
235
269
258
167
250
227
282
All other
.
number
290
270
251
191
198
181
Traders2, 013
1 605
1 322
1,435
1,570
1,710
2,541
1 834
Total
number
1,843
1,831
1 545
1 374
1 381
16
19
19
20
19
18
BOOKS and paper
number-18
28
15 i
15
15
19
12
142
93
112
86
84
108
98
107
Chemicals and paints.. .number117 S
114
114
90
109
421
351
257
235 !
295
Clothing
number,.
284 i
381
400
633 ; j
444
289
220
273
591
363
360
401
451
441
438
Foods and tobacco
number-447
476 '
461
441
411
353
159
152
66
89
88
109
131
General stores
number
105
220
138
124
78
87
343
239
243
357
407
297
Household furniture
number,.
358
260 ;
571 :
290
234
260
235
341
362
All other
number ...
292
404
302
386
379
322
357
328
509
372
286
2
2
263
275
213
253
223
174
196
200
295
2 275
Firms (Canada)
number
258
230
164
Liabilities (United" States):
Banks
thous. of dolls.. 305, 674 2 69, 402 493, 751 236,511 185, 902 41 , 334 195, 951 43, 963 42, 417 35, 285 35, 123 78,130 : 367,119
73, 213
50, 868
59 608
60 998
61, 656
53, 371
Total Commercial
thous of dolls
70 660
60 387
94 6C8
S3 683
60 660
47 256
53 095
22, 454
18, 719
24, 072
25, 304
20,586
21,909
18,506
Manufacturers
. thous. of dolls
26 334 ! 14 857
47,633
19,948
26'' 112
16 967
Trade establishments
thous. of dolls— 38, 386 27, 229 29, 486 I 24,658 25, 848 28,091 25,934 25.069 26, 386 30, 348 30, 852 43.071 : 28,853
12,321
3,813
9,796 2 5, 763
5,967 2 3, 452 2 3,904
Agents and brokers
thous. of dolls.. 12, 373
35,382
7,318 214, 841
7, 741
10, 210
5,771
3,012
3,345 i 3,504 22,776
3, 753
2 3, 705
Liabilities (Canada)
-thous. of dolls. _
3, 170 | 24,540
4,200 ' 26.271
6.300
2,138
Dividend and Interest Payments
671
524
Orand total
mills of dolls
946 i
762
560
749
594
1, 121
720
747
558
533
490
Dividend pavments:
231
28.314
Total.. .I
..mills, of dolls..
387 i
346
292
311
521
291
288
233
251
245
Industrial and miscel180
217
287
237
213
laneous
mills, of dolls
236
236
225
386
216
183
174
170
29
4.'
42
34
33
38
Steam railroads
mills, of dolls—
46
32
36 ;
27
56
39
34
11
11
9
Q
7
9
9
Street railways..
mills, of dolls
11
7
8
16
13
6
440
601
499
435
Interest payments
mills, of dolls
559
416
268
284
239
459
307
300
245
Foreign Exchange Bates
America:
597
.585
Argentina .
dolls, per gold peso
.699
.703
.707
.765
.780
.719
697
. 756
. 520 :
588
646
.062
.086
Brazil
dolls, per milreis .
.072
.075
.067
.073
.079
062
.091
. 096
. 056
.059
06-4
.827
Canada
dolls, per Canadian doll..
1.000
1.000
. 998
. 999
.891
.963
.997 '
.997
.999
1.000
.890 !1
.997
.121
.121
Chile
dolls, per paper peso
. 121 :
. 121
. 121
.121
.121
. 121
121
121
121
120
121
Asia:
. 435
.494
Japan
..dolls, per yen-.494
.494
.494
.494
.494
,493
.494
.496
.493 1
.493 ;
.494
.254
.359
.359
India
_.
. dolls, per rupee
361
.361
.359
.360
.360
.361
280 •
.287 i
339
359
Europe:
.139
Belgium
dolls. per belga
. 140
139
139
139
139
. 139
140
139 ;
139
139
140
139
3.37
England
_
dolls, per Ib sterling
4.86
4 86
4. 85 •
486
3 72
4 86 ;
4 86
4 86
4 53
4.86
3 89
4 86
.039
.039
.039
France..
dolls, per franc,.
.039 1
.039 !
.039
.039
.039
.039 1
.039
.039
.039
.039
.051
Italy.. ._
_. . dolls, per lira-.052
.052 '
.052
.052
,052
.052
.052
.052
.052
052
.052
.052
403
403
. 402
Netherlands
dolls, per guilder
402
401
402
403
403 !
402 i
402
401
401
404 I
.187
Sweden
dolls, per krone
207
268
.268
. 268
. 268
231 i
.268 1
268
.268
268
261
268
.195
dolls, per franc..
Digitized for Switzerland
FRASER
.194 ,
.194
. 194 i
. 194
. 193
.192
.193
.195
.195 :
.193
.195
.196 !
1
http://fraser.stlouisfed.org/
Eate changed Dec. 24,1930,May 8,1931, Oct. 9, to 2.50, and Oct. 16 to 3.50,
» Revised.

Federal Reserve Bank of St. Louis

54

SURVEY OF CURRENT BUSINESS

February,1932

MONTHLY BUSINESS STATISTICS—Continued
1931

Earlier data for items shown here may
be found in the 1931 Annual Supple- • Decem- i Novem
i Septern
ment to the Survey
i ber
; bar ! October i
ber

August

July ; June

1930
May

March ! Febru- January
ary

A pril

FIN AN C E— Continued

^™

i
|

Cole! auc! Silver

Gold:
Domestic receipts at mint fine ounces _ -i
Exports
-thous. of dolls. Earinarked for foreign account
bv Fed ros banks
thous. of dolls J
Imports
-_
thous. of doiis . . ;
Monetary stocks of U. S., daily
average
-__.......mills, of dolls. -i
Jiand output. _...>
. fine ounces 8ilver;
Exports
_.— —
__.tbous. of dolls.. i
Imports
-~- -—
thous. of dolls- i
Price at New York— ... .dolls, per fine oz_.
ProductionUnited States
thous. of fine oz
Panada
thous. of fine oz-.
Mexico
tlious. of fine oz_.
Stocks, end of month—
United States
thous. of fine oz
Canada
.
thous. offineoz..

123,555
32, 651

134,775 : 123, 748
4, 994 1 398,604

458,544
89, 509

435,621 ! 463, 931
94, 430 ! 60.919

356,321
49, 269

!

|

628

93, 612
85,091 i 87,717 1 04,476 ' ; 109,907
27 |
26 !
14 j
54 • j^
36

61,231 ' 31,531 i 123,795 127, 795 120, 295 ! 123,295
20,512 ; 63,887 i 50, 258 49, 543 25, 671 16, 156
I
4,975
4,958 ! 4,885
4, 767
4,363 i2 4, 447 ! 4, 948
4,711
4,682 i 4, 656
945, 113 916,000 916, 425 | 916, 843 897, 000 910, 279 882, 237 910, 938 ! 839,937

4,450

77,231
57,539

1
125,795
| 34. 426

137,695
\ 32, 778

j
i 622 , "* 4, 583
' 914 576 ' ()0^ 49'^

2,lfl8
2872 !
3,215 :! 22,138 i
.301
.322 1

2,158 !
2. 573 1
.295 |

2, 183 :'
2, 355
.282

2,024 i
2,685
. 275 ;

2,305 ! 1,895 i
1,663
2,364 i
. 283 :
. 273 i

2,099 1
2, 636
,277

3,249
2, 439
.283

2 t 323 ! 1,638 1
1,821
1,877 1
.292
.208 !

2, 507 : 2 2, 132 '
1, 113 : L 659

2, 181 1
2,117 :
7, 312 ;

2, 101
1, 403
7, 510 i

2,419
1,610
6, 814

2,176
2,133
6, 390

2,433 i
731 !
7, 041 i

2,782
1, 836 i
7, 374

2, 831
1, 139
9,535

3,528 !
1,431
6,510

3, 187
3,480
1,772 1 1, 932
6,944 | 8,751

6,209 i 5,035 '
1,273 : 1,471 j

4, 066 !
1, 110 i

4, OS2
989

2,240 i
1,363 ;

2,077
754

1,611 i
958

1, 485 ;
1, 423

713
1,509

2,714
798 !

1,851 !
702 :

Net Corporation Profits
Grand total
.mills, of dolls..
Total industrial and mercantile
mills, of dolls
Automobile parts and accessories, exclusive of tires.
mills, of dolls
Food
mills, of dolls..
Oil .
mills, of dolls..
Metals and mining
...mills, of dolls..
Machinery
.mills, of dolls..
Miscellaneous
mills, of dolls.. II
Steel and railroad equipment ..
...mills, of dolls...
Class I railroads
- .. -..mills, of dolls-.
Other public utilities
mills, of dolls..
Telephones
_ .mills, of dolls. _

95,133

115,343 118,123 114,651
39 ; 1,009 ;
40

128,928
28, 70S

.i

;

'.
i
L.____ __
;_.
"... .. __

!

:

:

3,571 :
2,896 '
.294 ;

3,472
2,660
.326
3,713
2, 043
8,481

792
694

960
179

i

3

390 - - - - - _ - _ : _ _
3

97

3

3 3R2

S 44!

159

i

!

£

3 125

a 11(J

8
30
«31 I

265
235

314

329
35
3
0
33
3
48

3 0
3

3Q

1

s 167
359
3
67

L

»4
25
47

«3
«5

53

39 j —
132
» 78
3 72

8

!

•

!

sg
107
»81
3 69

3 10
3 Qn
'i ft

'
i

30

'04

34

:

i

3 Q

3 :1

'3

'
•

3

IB

i

? 9^fi

i
'

^94
* 68

Life Insurance
(Association of Life Insurance Presidents)
Admitted life insurance assets (40 cos.):
Grand total
mills, of dolls .
' 16 288 j 16, 227
16, 135
Mortgage loans;
Total
. mills, of dolls
6 387
6, 379
6,363
Farm
mills, of dolls
1, 523 i
1, 527
1,530
All other ..
__._.. mills, of dolls .
i 4, 864
4,852
4, 833
Bonds and stocks (book value):
Government
mills, of dolls
1, 284
1,283
1, 292
1, 667
1,665
Public utility
..mills, of dolls .
1,663
! 2,688
2,687
Railroad
mills, of dolls..
2,669
!
525
All other
mills, of dolls
524
519
- ' 6, 164
6,159
Total
mills, of dolls
6,143
Policy loans and premium notes
mills, of dolls..
..J 2,544
2, 508
2,446
Amount of new insurance (44 cos.) :
41
37
101 ;
29
Group
mills, of dolls..
214
262
230
199
Industrial
- .-mills, of dolls
563
754
588
484
Ordinary
mills, of dolls
818
1,117
847
Total insurance
mills, of dolls
720
Policies and certificates, new (44 cos.):
44
19
18
22
Group
thous. of certificates ._
761
1,156 !
951
723
Industrial
._ - - .thous. of policies
350 !
259
256
223
Ordinary
thous. of policies
1,035
968
Total policies and certificates. .thousands-- 1,551 ! 1,229
Premium collections (44 cos.) : *
! 9,812
10, 125
9,019
Annuities
. -.
.thous. of dolls. .
i 7,464
7,484
7, 521
Group
thous. of dolls.58, 36o
55, 319
j 59,204
Industrial
thous. of dolls..
158,721 165, 587 150, 450
Ordinary
thous. of dolls..
> 235,201 241, 561 222, 309
Total
..thous. of dolls..
Sales of ordinary life insurance (Life Insurance
Sales Research Bureau):
Canada, total, 15 cos
thous. of dolls,. 47,163 ! 38,860 36, 006 30, 066
United States, total
_thous. of dolls.. 799,971 i 629,760 599, 855 535,353
i
Eastern manufacturing district—
thous. of dolls.. 342, 141 278, 665 258, 245 221, 440
Far western district. .. thous. of dolls.. 79,695 ; 64,140 61, 492 56, 553
Southern district.
thous. of dolls.. 88,686 66,626 64, 470 61, 076
Western agricultural district
thous. of dolls . 110,183 80,794 80, 224 75,004
Western manufacturing district
thous. of dolls.. 179, 266 139, 535 135, 424 121,280
Ordinary life insurance, lapse rates (Life Insurance Research Bureau):
3124
United States, total
rel. to 1925-26
3 140
East North Central rel to 1925-26
3123
East South Central rel. to 1925-26
3140
Middle Atlantic
rel. to 1925-26 .
» 113
Mountain
rel to 1925-26
3122
New England
rel. to 1925-26
Pacific
rel. to 1925-26
H16
South Atlantic
rel. to 1925-26
•107
3 120
West North Central rel to 1925-26
3 123
West South Central... rel. to 1925-26..
* For earlier data see table on page 21 of the October, 1931, issue.




16,070 ; 15,978

15,871

15, 662

15,673

15, 474

15,392 : i

15,293

6,359 i 6,353
1,533
1,535
4,826 | 4,818

6,356
1,537
4, 819

0,345
1,641 |
4,804 i

6,332
1,544
4,788

6,330
1,547
4,783

6,323
1,555
4,768

6,312
1,555 ,
4,757 . ;

6,303
1,554
4,749

!
1

1,258 i
1,667
2,663 i
504
6,092

1,213
1,662
2,657
503
6,035

1,189
1,644
2, 653
504
5,990

1,184 i
1,611
2,653
499 !
5,927

1,134
1,605
2,660
495
5,894

1,120
1,578
2,651
487
5,836

1,108
1,572
2,648
485
5,813

1,106
1,545 ;
2,633 i
478
5,762

1,104
1,531
2,637
475
5,747

i

2, 409

2, 212

2, 169

:

;
]

15,769

j
:

2, 388

2,363

2,331

2,300

2,273

2,241

46
247
547
839 i

46
253
606
905

81
251
673
1,005

72
236
672
980

99
225
691
1,025

62
247
720
1,028

104
209
599
912

26 !
995 !
233
1,254 |

22
994
260
1,276

45
926
285
1,258

35
845
288
1,168

59
865
301
1,225

28
881
321
1,230

60
731
247
1,039

9,304
7,895
62,874
154,579
234, 652

78
214
596
888 ;
44
750
231
1,026

131
229
753
1,112
59
794
319
1,172

i 17,979 13, 868 25, 175 12, 682 11,919 12,430 10,741
19,615
8,114
8,037
8,117
8,398
8,748 10,108
8,790
9,591
: 55,612 60,654 59,884 53,854 62,920 56,388 62,659
112,066
i 178,398 173,947 175, 562 183, 992 186,452 166,759 170,497 : 191,871
i 260, 103 256, 586 268,658 258, 926 270, 081 244, 325 254,005 ; 333,743

35,738 39,977 46, 227 41, 314 45,648 46,945 40, 180 41,188 ! 49,874
589,497 634,902 734, 614 724, 206 754,002 770,440 | 647, 140 628, 607
795, 642
242,920 ; 267,378 321, 403 313, 038 327, 077 343,745 289, 757 280,066
324,635
60, 607 i 63, 112 70,226 68, 663 70, 943 73,579 60, 094 61,589 : 86,291
69,047 i 73,714 84, 055 81, 955 82,930 77,628 64,009 65,329
<J 1,922
i
84, 197 ; 91, 959 100,752 98,861 102, 396 101, 945 86,439 82, 754
117, 117
132,726 ; 138,739 158, 178 | 161, 689 170, 657 173, 543 146,841 138,869
175,677
8

1

J

Revised.

111
* 123
3 117
•127
3 95
3105
3103
3100 !
3107
« 110 !

;

3 113

3114

1
98 i
3109
3108

3119

3

Quarter ending in month indicated.

3 !27

3
13°
s
139
3

3 116
1
128
1
128
3108

..J

143
s 105
'3>• 141
114
3 121
3
11 9
3
124

55

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
1931

Earlier data for items shown here may
be found in the 1931 Annual Supple- Decem- NovemOctober Septem- August
ment to the Survey
ber
ber
ber

July

1930

June

May

April

March

Febru- * January
ary

^'

FINANCE— Continued
Public Finance
Customs receipts
thous. of dolls
2fi, 549 27, 445 35, 175 35, 500 38, 210 34, 480 28, 986 27, 463 31, 798 31,807
Expenditures chargeable to ordinary
receipts
tlious. of dolls SG2, 348 292, 652 416, 472 356, 630 323, 838 330,661 375,153 285, 892 432, 366 720, 236
Government debt, gross, end of
?»•
month
- _. ....mills, of dolls .. 17, 825 17, 310 17, 292 17, 321 16, 864 16, 802 16, 801 16, 527 16, 655 16, 583
Total ordinary
receipts
thous of dolls 342, 271 106, 304 134, 649 368, 792 122, 141 131, 706 512, 894 124, 405 148, 208 433, 301
United States money in cir5, 518
5,133
4, 590
5,478
4,679
4,947
4, 836
4, 750
4,647
culation
...
mills, of dolls.. 5, 611

28,107

28, 808 :

2 30, 703

191, 425

413,798 '

364,540

16, 231
118, 614

18,163 ;
16,026
125,605 ! • 717,002

4, 598

4,695 ;

4,823

Stockholders
American Telephone <fe Telegraph Co.:
Domestic
number
Foreign
number
Pennsylvania R. R. Co.:
Domestic
number
Foreign
number
U. 8. Steel Corporation (common stock):
Domestic
number _
Foreign _
... . . ._ . number
Shares held by brokers
p. ct. of total

3

605, 885
86,870 .........

» 574, 905
* 6, 383

^240,734
' 33,291

? 235, 306
* 3, 272

s 166, 316
«2,701
* 13. 16

3 ? ?"8

6|7S5

3241,391 .
* 3, 284

3 245, 509

•» 695.822
5

'» 163, 718
* 2, 520

. ...

„

- -

- •'

233 4H

;

^ 10O

.._-,.._-•;

143,221
2 3^5
16 90

;

» 147, 440
» 2, 451
J 15. 68

» 14.37

. ._—

5^0 4°4
6 J84

Stocks and Bonds
BONDS
Bond prices:
Combined price
Index.-p. ct. of par, 4% bond.
Highest-grade rails. p. ct of par, 4% bond-Industrial
p. ct. of par, 4% bond
Public utility
p. ct. of par, 4% bond- _
Second-grade rails.p. ct. of par, 4% bond-Bond prices, 1st of following month:
50 domestic bonds
__p. ct. of par..
40 representative issues
p. ct. of par..
5 Liberty bonds
p. ct. of par-Bond yields:
Industrial (15)
_-_
.percent.
Liberty and Treasury bonds _per cent.Municipal (15)..
_ percent
Municipal bond yield (20)
per centRailroads (15) __.
.
percent
U. S. Treasury notes and certificates,
3-6 mos
per cent
Utilities (15)
percent
Total, 60 high grade
per cent
Long-term real-estate bonds issued:
Grand total
thous. of dolls
Interest rates
per cent
Kind of structureApartments
thous of dolls
Hotels.
thous. of dolls..
Office and commercial. thous. of dolls..
Purpose of issue—
Acquisitions and improvements
thous. of dolls, .
Finance construction..thous, of dolls. .
Real-estate mortgage.-thous. of dolls. _

53.23
75. 29
47.37
65. 84
39. 11

64.08
83.73
56.31
72. 15
53. 02

65.06
84.35
55.48
71.93
56.49

72.24
02.70
61.60
78.40
64.11

77.05
95. 14
65-82
82. 81
70.76

80. 99
97. 70
67. 75
83.88
80.34

79. 07
97. 73
64. 36
82.76
78.51

80.48
97.68
66.70
80.91
82.54

80. 86
66.11
68.15
80.06
84.03

82.29
96. 31
70,83
79.59
86.58

82.06
96.41
70.72
79.00
86.39

81.98
96.59
70 98
78.14
86.54

88. 19
45.61
98.23

91,72
50.20
100.86

92.96
56.10
100. 37

96.32
53.98
103.76

99.98
71.02
106.04

100. 38
72.32 i
106.09

100. 25
83.84
106.30

99.89
81.01
106. 84

100. 12
85. 30
105. 77

100. 15
88.03
105.37

100. 27
86,67
104.85

99.57 :
84.56
104.23 ,

7.24
3.92
4.86
4.87
5.86

6.08
3.69
4.62
4.45
5.17

6.21
3.71
4.51
4.34
5.14

5.64
3.42
4.00
4.06
4.66

5.26
3.34
3.88
3.85
4.47

5.13
3.32
3.88
3.86
132

5.25
3.30
3.76
8.84
4.32

5.24
3.31
3.75
8.74
4.27

5.10
3.38
3.80
3.85
4.33

4.98
3.39
3.89
3.90
4.27

5.01
3.40
8.95
4.03
4.27

4.99
3.33
3.92
4.05
4.25

i
i|

J-J2
-*-34
4.05
4.12
4.41

2.41
5.29
5.81

1.77
4.89
5.19

1.70
4.77
6.16

.45
4.50
4.70

.42
4.40
4.50 j

.41
4. 42
144

.55
4. 46
4.45

.88
4.44
4.43

1.49
4.46
4.43

1.38
4.48
4.41

1.06
4.54
4.44

1.24 j!
4.56 i .
4.43 < !

1.48
4.61
4.5o

3, 185
5.43

2,619
5.71

9,125
5.00

66, 785
5.80

2,100
5.76

775
5.78

3,425
5.69

9,485
5.43

7,235
5.68

2,015
6.66

3,590
6.36

4,520 'I
6.81 i

29,877
5.75

0°
2,575

0
500
1,979

0
0
9,125

0
0
66,445

0
0
1,985

0
0
175

0
0
2,700

o
265
8,650

260
0
4,400

0
0
1,476

0
0
2,000

0
1,250 !:
1,200 ;|

0
340
28,972

0
0
2,800

0
725
1,894

0
500
8,625

0
395
66, 090

0
565
635

0
600
0

0
1. 000
425

265
0
9,220

0
1,700
3,135

210
1,000
630

0
1,500
1,090

1,250
2,850
9 '!

850
530
27,945

142. 97
114.2
37.82
54.1
21.27

146. 65
117.2
44.72
63.9
23.85

156. 80
125.3
46.44
66.4
22.90

190. 59
152.3
57.87
82.7
32.48

193.83
154.9
64. 88
92.8
33.35

198.56
158.6
68. 09
97.4
35.81

193. 76
154.8
65.89
94.2
31.39

215. 74
172.4
74.97
107.2
36.38

237.52
189.8
84.55
120.9
40.49

235.29
188.0
62.03
131. 6
44.00

214. 18
171.1
90.38
129.2
40.69

:
ii
^
!
j'i

212. 34
169.6
82.00
117.2
38.09

71.7
46.0
114.7

69.7
48.4
111.9

81.7
56.1
131.0

95.5
66.2
154.0

98.2
75.3
157.6

95.1
74.0
153.0

98.0
76.8
156.4

109.2
87.3
169.8

121.6
97.2
188.9

119.8
104.7
177.9

112.3
100.4
163.4

i
!
!

67.5
98.1
122.2
75.4

64.8
80.1
121. 5
70.4

75.8
94.0
158. 1
84.7

88.5
115.0
194.1
103.4

89. 8
130. 7
196, 3
104.9

86. 5
129. 2
189. 7
101.2

89.4
140.3
202.3
110.0

100.3
150.5
227.6
117.4

111.8
178.6
268.2
128.6

110.3
174.0
237.3
120.4

33.0
69.3
45.0
89.2

31.3
69.7
43.0
84.3

41.1
80.0
50.0
96.7

49.1
91.6
61.0
112.0

50.2
89. 2
65. 8
112. 2

46.7
88. 5
62. 0
111. 9

46.4
88.8
66.7
117.7

50.0
86.2
79.4
127.1

57.5
89.9
95.7
136.9

64.4
86.4
90.8
133.2

103.4
161.7 !|
202.5 i
106.2 j !
i:
50.6 '
78.4
82.1 j ;
127.2:

109.4
93.5
157.9
B»
101.9
169.7
177.0
100.3
»• EPS
54.9
78.1
79.9
123.0

60.7

59.3

71.6

84.2

88.0

83.4

88.7

109.4

125.1

126.8

120.4 ,

116.9

56.7
41.5
46.0
44.6
235.7

53.1
41.2
42.6
41.7
35.9

60.0
46.4
45.9
54.8
40.4

69.9
54.5
48.4
65.2
44.7

67. 4
57.2
48.9
71.8
45.8

63. 1
54.6
48.6
68.2
45.0

63.2
67.1
48.6
72.1
47.4

84.5
78.2
51.5
102.9
58.2

90.7
77.4
52.2
101.2
55.3

89.1
74.1
53.8
89.8
52.5

87.8
72.9
58.2
91.6
51.0

"
!i
I
;;

78 96

92.89
<)o-ol
75.54
82 7b
99.54
81.53
105.53

J
';

STOCKS
Stock prices, average daily closing:
25 industrials, average dolls, per share. . 119.96
95.8
25 industrials, average
rel. to 1923-25. .
28. 44
25 railroads, average
dolls, per share^_
40.7
25 railroads, average. . . rel. to 1923-25
17.93
103 stocks, average
dolls, per share
Stock prices, average weekly closing:
All groups (404). ..„
rel. to 1926
57.7
All railroads (33). _
rel. to 1926..
33.0
95.6
All utilities (34)
rel. to 1926
Industrials, rails and utilities
54.3
(337)
rel. to 1926-.
74.7
Agricultural implements (4).. rel. to 1926..
92.6
Airplanes (10)
rel. to 1926
64.8
Automobiles and trucks (13). .rel. to 1926..
Automobile tires and rubber
24.9
goods (7)
rel. to 1926..
57.4
Chain stores (17)
rel. to 1926..
35.2
Copper and brass (9)
rel. to 1926..
74.0
Food, other than meat (20)... rel. to 1926..
Machinery and machine equip46.1
ment (10)
rel. to 1926
Oil producing and refining
43.9
(16) ..
_...rel. to 1926
31.0
Railroad equipment (9). ...... rel. to 1926..
38.8
Rayon (5)
rel. to 1926..
Steel and iron (9)
rel. to 1926..
34.0
31.0
Textiles (30)
rel. to 1926
Theaters, motion pictures and
amusements (7)
rel. to 1926
15.8
Tobacco and tobacco products
(10)
rel. to 1926
90.6
Traction, motor transportation
(9)
rel. to 1926..
37.2
' Revised.




74.1
67.5
52.6
86.1
52.2

i
!
!
i|
ii

69.4 i!

66.7

27.7

28.3

37.9

43.4

44.5

44.6

44.3

61.3

76.1

80.2

106.2

104.7

117.5

136.9

141.0

133.5

137.3

144.3

143.8

137.4

131.5 i

125.6

43.6

43.6

51.1

59.8

62.7

63.2

60.8

61.9

67.1

66.3

63.1 ; :

63.3

2

Quarter ending in month indicated*

56

SURVEY OF CURRENT BUSINESS

February, 1932

MONTHLY BUSINESS STATISTICS—Continued
Earlier data for items shown here may
be found in the 1931 Annual Supplement to the Survey

1931

D

N<

£T" i October :&f\ **"*

IT'

1930

July

June

May

April

March

24, 890

33,540

58, 719

46, 661

54, 335

65,494

5. 80
5. 74
5.94
4.36
8. 15

5.77
5.66
5.89
4.33
7.54

5.85
5.96
6.26
4.47
7.76

5.71
5.95
6.23
4.42
7.91

5.59
5.43
5.69
4.04
7.12

5.54
4.95
5.17
3.60
6.75

^- January December

F

FINANCE— Continued
Stocks and Bonds— Continued
STOCKS— C ontinued
Stock sales, N. Y. Stock Exchange
thous. of shares
Stock yields:
Preferred high-grade industrial
(20)
-per cent
Total common (90)
per cent
Industrials (50) __
per cent
Public utilities (20)
percent
"Railroads (20)
per cent

50, 190 ! 37, 3c9 j 47, 895
7. 07
8. 06
9.04
6.60
12. 70

I
!
i
!
|
i

\
6. 45 :
2 7, 06 :
7.32 j
5.50
2 9. 79 i

51, 140
:

6. 40
7. 28
7.49
5.74
10. 07 ,

6. 03
6. 51
6.83
5.11
9. 59

1
i
i
j
!

64,145
5. 61
5. 12
5. 35
3.89 i
8.29 '

New Security Issues
Bond sales, Canada:
Tocal
. __ thous. of dolls
1 ">0 033
Corporation
thous. of dolls
0
Dominion and provincial
thous. of dolls
150 000
Municipal
thous. of dolls
33
Railways
thous of dolls
0
Bond sales (U. S.):
:
CorporationTotal---.thous. of doils.. 86,331 70,202
Class of industryIndustrial _
thous of dolls
19, 100
583
Land and buildings
thous of dolls
5,785
5,784
Oil
thous. of dolls..
0
0
Public utilities
thous. of dolls- 53,398 51,285
Railroads
thous of dolls
0
12,550
Shipping and miscellaneous
thous. of dolls,. 8, 048 ,
0
Purpose of issueNew capital
. thous. of dolls
66,984
50,123
Refunding
thous of dolls
19,347
20,079
Type of security—
Bonds and notesthous. of dolls-- 47,463 : 46,347
Stocks
thous. of dolls
38,868 ! 23,855
Bond sales on N. Y. Stock Exchange:
Miscellaneous
thous. of dolls 276. 780 j 199, 228
Liberty— Treasury
thous of dolls
61, 048
37, 389
Total
thous of dolls 337,826 236,617
Foreign governments, excl. Canada
thous of dolls
0
0
Foreign loans in the United
States
thous. of dolls
0 2 8, 000
States and municipalities:
Permanent loans
thous of dolls
40, 165 2 54, 619
Temporary loans
thous. of dolls.- 79, 151 : « 74, 625

52,543

58, 764

5. 66
5. 50
5. 73
4.26
6.58

5.77
5.62
5. 79
4.37
7.05

j
436

400

62, 240 666, 840
5,085
9,660

57, 994
3,975

44, 958
17, 054

39,834 ! 109,864
19,300 i 2,685

46, 839
12, 355

'

0
1 523
0

5,000
1,450
0

33, 650 850, 141
13, 505
7, 039
0
0

25,764
28, 254
0

8, 057
18, 097
1,750

8,000 ! 35,444
12, 534
1, 735
0 ! 70,000

7,714
2,520
24, 250

176,264 ! 51,997

155, 934

252,918

187, 644

15,439

6,350

1 923

150 '
{

i

7,133
683

51 073 !

240 *

0 •
°86 j
0

0 !
833 i
50 000

?

j

17,891
2, 160

\
1
1
>
'

4, 550 |

9, 197

9,626
67,009
2,650
0 !
0
400
2,000 | 42,080 i 27,456
0 | 60,000
12,295
i
4, 105 i 2, 625
0

2,044

1,226

580, 706

2, 925

69, 173

21, 889

6,405
8,021
0 i 1,500
64, 266 ! 324, 108
12,000 1 175,004

30, 002
0
116,778
14, 250

82, 400

800

35, 568

11, 600

2,900

4,725

74,251 1 399,848
13,975 | 180,858

180, 872
6,772

61,460
26,766

535,404
45,302

114, 135
73, 509

219, 615 252, 585 221, 256 215. 661 238, 298 174,535 i 247,308
8,284
15, 167 14, 431 12, 127
8,723 19,911 ! 16,809
227, 899 267, 752 235, 687 227, 788 247, 021 194,446 ; 264^117

250, 707
US, 055
265, 762

46,197
5,800

115, 070
40,864

' 14,285 '• 163,399
3,608 | 12,865

39,835
12,162

153, 814 247, 034
5,884
2,120

290, 822 | 267, 323 i 191, 035
56, 157 | 38, 493 i 8, 675
346,979 1 305,816 ! 199,710

88, 226

98, 932

4,850

3,813 10, 415
1,651
7,577
3,765
0
5,000
2,000
4,940
2,053
136, 800 220, 416 210, 025 305, 661 101, 393
0 16, 113 22,500
8,000 200, 018

17,391 ! 156,381
500
19,883

;

250, 599 456, 878 401, 229

131, 343 189, 360 267, 471 269, 030
121, 575 81, 230 189, 207 132, 199
190, 065 354, 969 391, 758
60, 525 101, 709
9,471

i

0

0

0

0

0

0

0

0

|

0 ! 23, 802

0

1,900

38,800

89, 184

44, 303

13, 791

» 18, 293 '* 119, 392
50, 122 > 104, 129

75, 618
91, 522

85, 327
45, 602

120, 336
30, 892

169, 094
24, 772

2,630

0

0

8,707 i 95,657

22, 377

111, 386 279, 443 119,589 ! 49,977
196, 598 84,979 238,436 81,697

97, 703
76, 531

0

> Revised.




U. S. G O V E R N M E N T P R I N T I N G OFFICE: 1981

CHIEF FUNCTIONS OF THE DEPARTMENT OF COMMERCE
R. P. LAMONT, Secretary of Commerce
JULIUS KLEIN, Assistant Secretary of Commerce
CLARENCE M. YOUNG, Assistant Secretary of Commeree
EPHRAIM F. MOBGAN, Solicitor
Aeronautics Branch
Bureau of Navigation
CLARENCE M. YOUNG, Assistant Secretary of Commerce for Aeronautics
ARTHUR J. TYREB, Commissioner
Establishment of civil airways and maintenance of aids to
Superintendence of commercial marine and merchant seamen.
air navigation; inspection of air lines; inspection and registration
Supervision of registering, enrolling, licensing, numbering,
of aircraft and licensing of airmen; enforcement of air traffic
etc., of vessels under the United States flag, and the annual
rules; investigation of accidents; rating air ports; fostering of
publication of a list of such vessels.
air commerce; scientific research in aeronautics; and dissemiEnforcement of the navigation, load-line, and steamboat innation of information relating to commercial aeronautics. spection laws, including imposition of fees, fines, tonnage taxes,
(Some of these functions are performed by special divisions of
etc.
the Lighthouse Service, the Bureau of Standards, and the Coast
Bureau of Standards
and Geodetic Survey.)
GEORGE K. BURGESS, Director
Bureau of the Census
Custody, development, and construction Tofjstandards of
measurement, quality, performance, or practice; comparison of
WILLIAM M. STEUART, Director
standards used by scientific or other institutions; determination
Taking the decennial census of the United States, covering in
1930, population, unemployment, agriculture, irrigation, drain- of physical constants and properties of materials; researches
age, manufactures, distribution, and mines. Taking a census and tests on materials and processes; and publication of scientific and technical bulletins reporting results of researches and
of religious bodies every 10 years; censuses of agriculture and
electrical public utilities every 5 years; and a census of manu- fundamental and technical data.
Facilitates use of specifications by agencies spending tax
factures every 2 years.
moneys, Federal, State, and municipal; compiles for these
Compilation of statistics of wealth, public debt and taxation,
including financial statistics of local governments, every 10 agencies lists of producers willing to supply commodities guaranyears; annual compilation of financial statistics of State and teed to meet their specification requirements.
Collection and dissemination of information concerning
municipal governments.
building and plumbing codes, city planning and zoning, and
Compilation annually of statistics of marriage, divorce, births,
deaths, and penaKand other institutions, and weekly, of death the financing and construction of houses.
Assistance to manufacturers, distributors, and consumers in
rates in cities and automobile accidents.
Compilation quarterly or monthly of statistics on cotton, the preparation of simplified practice recommendations reducing
wool, leather, and other industries; annually of forest products. unnecessary variety and sizes, and of commercial standards
establishing satisfactory acceptance criteria of commodities.
Bureau of Fisheries
Coast and Geodetic Survey
HENRY O'MALLEY, Commissioner
RAYMOND S. PATTON, Director
The propagation and distribution of food fish and shellfish, in
order to prevent the depletion of the fisheries; investigations to
Survey of the coasts of the United States and publication of
promote conservation of fishery resources; the development of
charts for the navigation of the adjacent waters, including
commercial fisheries and agriculture; study of fishery methods; Alaska, the Philippine Islands, Hawaii, Porto Rico, the Virgin
improvements in merchandising and collection of fishery
Islands, and the Canal Zone; interior control surveys; magstatistics; administration of Alaska fisheries and fur seals; and netic surveys; tide and current observations; and seismological
the protection of sponges off the coast of Florida; enforcement investigations.
of the law regulating the interstate transportation of largePublication of results through charts, coast pilots, tide tables,
mouth and smallmouth black bass.
current tables, airway maps, and special publications.
Bureau of Foreign and Domestic Commerce
Lighthouse Service
FREDERICK M. FEIKER, Director

GEORGE R. PUTNAM, Commissioner

The extension to American commerce and industry of
definite aids for the promotion of foreign trade, and the organized analysis and solution of problems of domestic trade.
The maintenance of commodity divisions equipped to furnish
information concerning domestic or foreign business in principal
products, and of technical divisions supplying information on
various aspects of foreign trade, including foreign commercial
laws, financial conditions, customs duties, constructive activities,
economic conditions, and the names of possible buyers and agents
for American goods abroad. The carrying out, in cooperation
with representative domestic business organizations, of factfinding studies in the fields of business planning, market
research, and the costs of distribution; providing information
which will assist American business firms to establish more
efficient merchandising methods and to eliminate many of the
wastes in domestic distribution.
Compilation and publication of statistics on the trade of the
United States with foreign countries.
The dissemination of results in the Survey of Current Business, the weekly Commerce Reports, the Commerce Yearbook,
Statistical Abstract, and other printed and mimeographed
bulletins, and in confidential circulars.

Establishment and maintenance of lighthouses, lightships,
buoys, and other aids to water navigation, and the improvement
of these aids. Establishment and maintenance of aids to
navigation along civil airways.
Publication of^.Light Lists, and Notices to Mariners, giving
information regarding these aids to navigation.

Bureau of Mines
SCOTT TURNER, Director

Technical investigations in the mining, preparation and
utilization of minerals, including the study of mine hazards
and safety methods, the health of miners, and improved
methods in the production and use of minerals.
Economic studies relating to uses, reserves, production,
distribution, stocks, consumption, prices, and marketing of
mineral commodities and primary products thereof.
Testing of Government fuels and management of the Government fuel yard at Washington.
Research on helium and operation of plants producing it.




Radio Division
W. D. TERRELL, Director
Inspection of radio stations on ships; inspection of radio stations on shore, including broadcasting stations; licensing radio
operators; assigning station call letters; enforcing the terms of
the International Radiotelegraphic Convention; and examining
and settling international radio accounts.
Steamboat Inspection Service
DICKERSON N. HOOVER, Supervising Inspector General

The inspection of merchant vessels, including boilers, hulls,
and life-saving equipment, licensing of officers of yessels, certification of able seamen and lifeboat men, and the investigation
of violations of steamboat-inspection laws.
United States Patent Office
THOMAS E. ROBERTSON, Commissioner
The granting of patents and the registration of trade-marks,
prints, and labels, after technical examination and judicial proceedings.
Maintenance of library with public search room, containing
copies of foreign and United States patents and trade-marks.
Recording bills of sale, assignments, etc., relating to patents,
and trade-marks. Furnishing copies of records pertaining to
patents.
Publication of the weekly Official Gazette, showing the patents and trade-marks issued.

Beginning with fundamentals—area and population
Ending with industrial and construction activities

Statistical A b s t r a c t of the
UNITED STATES




annually classifies, compiles, and compares detailed figures for practically every important commercial, economic, and social enterprise in America.
STATISTICAL ABSTRACT
OF THE
UNITED STATES

AREA AND
POPULATION

1931

EDUCATION

POSTAL AND COMMUNICATION SERVICES
ELECTRIC AND OTHER POWER

PUBLIC LANDS
AND PARKS

TRANSPORTATION
FOREIGN COMMERCE
IRRIGATION AND DRAINAGE

ARMY, NAVY
AND CIVIL
SERVICE

AGRICULTURE
FISHERIES

FINANCE
MONEY AND
BANKING

MINING AND PRODUCTS

PRICES

MANUFACTURES

FORESTS AND FOREST PRODUCTS

53d annual edition—840 pages, buckram bound

As in previous years the STATISTICAL
ABSTRACT will be one of the indispensable
sources and reference books for business and
financial men, editors, economists, and students, Its statistics in detail and its comparisons make it of decided value to seekers of facts
as well as students of factors and trends.

Price $1.25
For sale by
the Superintendent of
Documents
United States Government
Printing Office
Washington, D. C.
or any
district office
of the
United States
Department of Commerce

FULLY
INDEXED

U. S. G O V E R N M E N T P R I N T I N G OFFICE: 1932