Full text of Survey of Current Business : February 1935
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FEBRUARY 1935
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 15
NUMBER 2
UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CLAUDIUS T. MURCHISON, Director
SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
H. GORDON HAYES, Chief
M. JOSEPH MEEHAN, Editor
FEBRUARY 1935
Volume 15
Number 2
CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1930-34
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Forest products
Iron and steel
Textiles
Page
2
3
4
5
6
7
8
9
10
11
12
13
14
15
SPECIAL ARTICLE
Wholesale commodity prices, 1929-34
16
STATISTICAL DATA
New series:
Indexes of department-store sales injthe Atlanta, Chicago, Cleveland, Dallas, Minneapolis, New York, Philadelphia, and San
Francisco Federal Reserve districts with and without adjustment for seasonal variations
20
Weekly business statistics through January 26
21
STATISTICAL DATA—Continued
Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
General index
Subscription price of the SURVEY or CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 centst
Foreign subscriptions, $3, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C,
109756—35
1
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22
23
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46
48
49
50
51
52
53
55
56
Inside back cover
SURVEY OF CURRENT BUSINESS
February 1935
Business Indicators
1923-25 = 100
INDUSTRIAL
PRODUCTION
160
160
INDUSTRIAL
PRODUCTION
100
40
160
100
FACTORY EMPLOYMENT AND PAYROLLS
CONSTRUCTION CONTRACTS AWARDED
200
EMPLOYMENT (ADJUSTED)9
100
40
TOTAL FREIGHT CAR LOADINGS
FREIGHT CAR LOADINGS L.C.L
160
100
40
200
DEPARTMENT STORE SALES
WHOLESALE PRICES
160
100
100
40
VALUE OF EXPORTS
200
200
VALUE OF IMPORTS
100
200
BANK DEBITS OUTSIDE NEW YORK CITY
100
http://fraser.stlouisfed.org/* ADJUSTED FOR SEASONAL VARIATION
Federal Reserve Bank of St. Louis
160
FEDERAL RESERVE MEMBER BANK LOANS*
100
* REPORT/KG MEMBER BANKS
D.D. 7655
SURVEY OF CURRENT BUSINESS
February 1935
Business Situation Summarized
USINESS activity has expanded at an accelerated
B
pace during December and January. Sharp gains
have been evident in industrial production and employment. The adjusted index of industrial production for December, at 86 percent of the 1923-25 average,
was 12 points higher than in November and was the
same as the 1934 high. Weekly data for January
indicate a further advance in the index for the
current month.
While the rapid expansion in output in the automobile and steel industries has been outstanding, increased production and sales have been reported over
a wide range of industries. Automobile production
has recently been at a rate not witnessed for this
period of the year since 1929, while steel ingot production has increased from 32 percent of capacity in the
first week of December to 53 percent in the latter part
of January. Expansion, after due allowance for
seasonal trends, has also occurred in the leather and
shoe, lumber, rubber manufacturing, tobacco manufacturing, machine tool, textile, newsprint, and plateglass industries. Cement production declined by more
than the usual seasonal amount in December, while
production in those food processing industries represented in the production index showed the usual
seasonal drop.
The expansion in production in December was
reflected in a contraseasonal increase in the number
of factory workers. The seasonally adjusted index
of factory employment rose 3 percent, while the payroll increase was 6.2 percent.
Distribution of goods by the railroads did not decline to the usual extent during December, the adjusted
index rising sharply. Loadings were the same as a
year earlier, but during the first 3 weeks of January
loadings were slightly below the comparable total in
1934. While retail sales for December did not measure
up to some advance estimates, the volume was substantially above 1933. The expansion in sales of
department stores and of general merchandise sales in
rural areas from November to December exceeded the
usual seasonal rise.
The amount of new construction work undertaken
during December declined following a seasonal trend,
but daily average contract awards increased in the
first half of January. Private construction activity
continues on a low level.
Wholesale prices have advanced since the middle of
December due to further increases in prices of farm
products and foods. Security prices have moved
irregularly during January, with no particular change
in the general level of quotations between December
and the end of January. The unsettlement in foreign
exchange markets during the month resulted in substantial gold exports from Europe to the United States.
Year and month
i
>>
Adjusted >
1
i
1 s1
to
1
§
3
e
ifi
s
M
s
I
s
Merchandise, 1. c. 1.
Total
i*
Ss It
£3 *! i
i3
«j
i
<
«
I! {! I
1 3
<
•d
-S00
i=
^
1 i
GO
1
fi 4)
Department
Foreign
store sales, trade, value,
adjusted *
value
S3
fc
2.
^
1
Oft
3
^
I
H
W
t
!
Monthly
average,
1926=100
Monthly average, 1923-25=100
1929: December
1930: December
1931: December
1932: December _ __
1933" December
1934:
January
February
March
April
May
June
July
August
September
October
_.
November
December
Annual Index:
1929
1930
1931
1932
1933
1934
96
76
68
60
69
93
74
66
58
67
110
89
79
73
81
103
84
74
66
75
101
82
72
64
73
77
83
86
88
89
84
73
73
72
75
74
78
75
82
86
89
89
83
71
71
70
73
72
76
85
88
91
81
87
87
85
83
87
87
84
85
78
81
84
85
86
83
76
73
71
73
74
86
76
80
82
85
86
83
74
72
69
72
73
85
119
96
81
64
76
79
119
95
80
63
75
78
115
99
84
71
81
86
116
93
84
77
86
88
91
100
90
89
87
85
80 1
82
81
81 i
90
101.0
83.3
71.5
62.4
75.0
100.7
75.2
57.6
41.5
54.5
89
74
61
52
56
102
84
69
58
63
96
86
77
64
64
103
92
83
69
68
191
165
143
106
121
75.1
78.4
81.0
82.2
82.4
81.4
79.4
79.3
73.9
76.7
76.7
79.0
54.0
60.6
64.8
67.3
67.1
64.8
60.4
62.1
57.9
61.0
59.5
63.3
58
61
63
60
63
64
63
63
67
64
60
56
64
64
66
62
63
64
61
59
59
57
59
64
65
65
67
67
67
65
64
65
67
66
65
62
70
67
66
65
65
65
65
65
64
63
64
66
67
59
73
73
77
70
51
60
79
82
83
134
104.8
91.5
77.4
64.2
69.0
78.8
109.1
88.7
67.5
46.1
48.5
61.9
106
92
75
56
58
62
1 Adjusted for number of working days.
111
102
92
69
67
75
105
97
87
72
67
65
1
Wholesale price index, 784
commodities
Unadjusted i
Freight-car loadings
Construction contracts,3 ail
types, value, adjusted
Factory employment
and pay roils
Industrial production
Bank debits outside New
York City
MONTHLY BUSINESS INDEXES
82 ;
60
69 |
106
68
46
33
48
97
65
47
30
42
136.4
117.1
86.7
65.0
67.4
102
73
38
28
57
93.3
79.6
68.6
62.6
70.8
69
71
77
77
77 i
74
72
79
76
74
73
76
44
47
50
50
45
50
48
49
48
45
45
43
42
42
44
42
47
44
43
39
43
39
47
41
66.9
59.7
71.4
72.4
71.5
74.8
70.6
68.0
65.3
73.3
68.0
79.4
49
44
33
33
26
26
27
27
29
31
31
33
72.2
73. ft
73.7
73. a
73.7
74.6
74.8
76.4
77.6
76.5
76.5
76. 9
115
84
53
35
37
47
113
79
54
34
37
43
140.2
117.2
91.9
65.2
60.8
70.1
117
92
63
28
25
32
95.3
86.4
73.0
64.8
65.6
74.3
108
94
Adjusted for seasonal variation.
4
SURVEY OF CURRENT BUSINESS
February 1935
Comparison of Principal Data, 1930-34
BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS)
100
150
200
250
300
350
CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS)
STEEL INGOT PRODUCTION - (MILLIONS OF TONS)
AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS)
FREIGHT CAR LOADINGS -(MILLIONS OF CARS)
D.D.7654
SURVEY OF CURRENT BUSINESS
February 1935
Commodity Prices
commodity prices rose during the
WHOLESALE
4 weeks ended January 19 to 78.5 percent of the
1926 base, from the level of 76.7 maintained during
each of the 3 weeks ended December 8, 15, and 22.
The index has risen to a high for the price recovery
period, and is currently about 9 percent above the
level of a year ago.
The recent gains in the index as well as the gains
during the past year, are wholly attributable to the
increases in the prices of farm products and foods.
The prices of farm products rose 5.6 points during the
4 weeks ended January 19 and food prices rose 4.6
points. The weekly index of farm products in the
week ended January 12 and that of foods in the week
ended January 19 marked new highs for these groups,
77.2 and 79.8, respectively, and indicate substantial increases above the average for each group in
December.
The price changes from December 1933 to December 1934 in the other 8 groups into which the products
other than farm products and foods are segregated,
were slight, with the exception of the declines in hides
and leather and textile products and the gains in the
chemical and drug and miscellaneous groups.
Moody's index of the spot prices of 15 sensitive
commodities reached a new high January 9 at 160, or
60 percent above the prices of these commodities on
December 31, 1931. This represented a 10-point rise
from the comparable date in December. Since
January 9 the index has receded to 155.1 on January
23. The December 1934 average of this index was
151.5, which was 22 percent above the average for
December 1933.
Retail prices of department-store articles, as measured by the Fairchild index, continued during December the slight downward movement which has been
under way since March. The index for January 2, at
87.2 percent of the January 1, 1931, prices was 2.4
points below the high for the year 1934.
Retail prices of foods advanced 1.5 percent during
the 2 weeks ended January 2, increases being noted in
each of the 6 groups of foods. This is the first increase
in the index of food prices since the 2 weeks ended
September 11, which marked the high since the beginning of the recovery period. The current index is
slightly below that for the September 11 period.
Since January 2, 1934, the index has advanced 10.9
percent.
=J
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Year and month
MB
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Groups and subgroups
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38
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H
1
1932
1933
1934.
82.2
73.5
66.8
63.4
65.7
93.3
79.6
68.6
62.6
70.8
92.7 95.0 92.0 101.9
82.8 74.2 75.1 75.2
73.3 60.2 63.7 55.7
68.4 52.1 57.7 44.1
74.8 61.9 72.3 55.5
97.5
64.0
47.0
31.7
60.4
98.7 103.2
82.4 89.2
69.1 63.2
58.3 49.4
62.5 46.0
90.5
80.3
72.3
69.0
77.5
94.4
84.8
75.7
70.8
85.6
93.5
85.6
76.1
72.3
73.7
83.1 107.3
74.0 91.4
68.3 79.8
69.3 69.6
73.4 89.2
94.7
88.8
78.5
73.6
81.0
98.5
87.9
82.2
79.4
83.5
87.8
73.7
60.8
53.0
76.4
72.2
73.6
73.7
73.3
73.7
74.6
74.8
76.4
77.6
76.5
76.5
76.9
76.0 64.1 71.9
77.0 66.0 74.8
77.2 65.9 74.3
77.1 65.1 73.9
77.8 65.1 73.7
78.2 67.3 72.9
78.2 68.3 72.7
79.2 71.6 72.6
80.1 73.9 71.8
79.2 72.1 71.5
79.3 72 2 71.1
79.5 73.1 71.0
58.7
61.3
61.3
59.6
59.6
63.3
64.5
69.8
73.4
70.6
70.8
72.0
63.7
63.2
62.3
58.8
63.9
72.4
74.8
86.0
88.1
85.0
87.2
91.5
64.3
66.7
67.3
66.2
67.1
69.8
70.6
73.9
76.1
74.8
75.1
75.3
78.3
78.7
78.5
78.6
78.9
78.2
78.4
78.3
78.3
78.0
78.0
78.0
86.3
86.6
86.4
86.7
87.3
87.8
87.0
85.8
85.6
85.2
85.0
85.1
74.4
75.5
75.7
75.5
75.4
75.6
75.4
75.7
76.5
77.1
76.9
78.1
73.1 89.5
72.4 89.6
71.4 88.7
71.7 88.9
72.5 87.9
72.8 87.1
73.9 86.3
74.6 83.8
74.6 84.1
74.6 83.8
74.4 84.2
73.7 85.1
80.8
81.0
81.4
81.6
82.0
82.0
81.6
81.8
81.8
81.7
81.3
81.2
85.5
87.0
87.1
87.9
89.1
87.7
86.8
86.7
86.6
86.3
86.2
85.9
76.5 67.5
76.9 68.5
76.5 69.3
75.3 69.5
73.6 69.8
72.7 70.2
71.5 69.9
70.8 70.2
71.1 70.2
70.3 69.7
69.7 70.6
70.0 71.0
95.3
86.4
73.0
64.8
65.9
74.9
94.5
88.0
77.0
70.3
70.5
78.2
97.5 93.9 104.9
84.3 81.8 88.3
65.6 69.0 64.8
55.1 59.3 48.2
56.5 65.4 I 51.4
68.6 72.8
97.4
78.3
53.0
39.4
53.1
74.5
99.9 109. 1 91.6
90.5 93.4 85.2
74.6 75.4 75.0
61.0 53.2 ! 70.2
60.5 50.0 1 71.2
70.5 62.9 78.4
95.4
89.9
79.2
71.4
77.0
86.2
94.2
89.1
79.3
73.5
72.6
75.9
83.0 109.1
78.5 100. 0
67.5 86.1
70.3 72.9
66. 3 80.9
73.3 86.6
94.3 100.5
92.7 92.1
84.9 84.5
75.1 80.2
75.8 79.8
81.5 86.9
|«.i
» Revised. See p. 20 of the November 1934 issue.
48.9
53.3
56.5
57.3
60.0
62.2
63.4
69.4
76.6
70.0
68.4
69.0
2
Retail
IM
O
"3
4>
fcj'si
5
P<,fio
&5
m
T3
ilii
«"S
i
Mo.
De«.
Mo.
Mo.
1930
average, average,
1909 to average,
l,
1923 = 1914 = 1913= (Jan.
1931)
=
100
100
100
100
Monthly average, 1926=100
1929: December
1930: December
1931: December
1932: December
1933: December
1934:
January
February. _
March.
April
May
June
July
August
September..
October
November
December
Annual index:
1929
1930
1931
!
Farm, combined index, 47
commodities (Department
of Agriculture) i
Wholesale (Department of Labor)
Economic classes
Cost of living (National Industrial Conference Board)
INDEXES OF COMMODITY PRICES
Middle of month.
3
90.4
80.3
66.3
54.9
64.8
72.9
100.1
92.6
83.1
75.1
77.3
77.5 !!
78.3
78.5 i
78.4 !
78.6 i
78.8
79.1
79.6
81.0
80.9
80.8 ;
80.8
82.6 I 100. 0
96.2
77.7
69.8
86.7
64.4
77.7
02. 5 ; 74. 8
79.4
69.7
147
104
75
63
78
158
137
114
99
104
116.1
100.0
83.5
71.8
88.0
77
83
84
82
82
86
87
96
103
102
101
101
105
108
109
107
108
109
110
112
117
116
115
114
88.5
89.6
89.6
89.4
88.6
88.2
87,9
87.7
87.7
87.4
87.4
87.2
146
126
87
65
70
90
157
147
121
102
100
111
90.9
75.8
77.5
88. 3
Index is for 1st of following month.
6
SURVEY OF CURRENT BUSINESS
February 1935
Domestic Trade
data on retail trade indicate a relatively
favorable trend of consumer purchases. December sales rose sharply in accordance with the usual
trend and, for department store and rural general
merchandise sales, the increases were in excess of the
normal seasonal gains. The increase in variety store
sales did not measure up to seasonal expectations.
Sales reports on January retail store trade are not as
favorable as the December returns, although the dollar
volume of sales continues to show substantial increases
over a year ago. Sales of new passenger automobiles,
which declined in December, are expected to record a
much greater-than-seasonal increase in January.
Statistics for the year 1934 reveal the first yearly
increase in the dollar volume of retail sales since 1929.
The 4-year decline following 1929 had reduced the value
of retail trade by approximately one-half to $25,000,000,000. The available indexes of retail trade for the
past 37ear indicate a gain in total dollar sales of at least
10 percent, and possibly as much as 15 percent, in
comparison with 1933.
Sales through department stores during December
were up about 4 percent after adjustment for seasonal
variation. This was the first increase in the adjusted
index since August. December sales were 11 percent
higher than in 1933, or the same relative increase as
in November.
The improvement in purchasing power of the farm
population was a notable feature of the year 1934.
December sales of general merchandise in rural areas,
after allowance for the usual seasonal rise, were 5 percent higher than in November. The increase over the
same month of 1933 was 22 percent, or about the same
relative gain for the year as a whole.
One of the interesting aspects of the sales of chain
grocery stores is the apparent decline in the volume of
food sold through these outlets during the year 1934.
The gain of 4 percent in the year's sales as compared
with 1933 was considerably less than the rise in food
prices for the year. Similarly, December sales were
1.5 percent higher than a year earlier whereas the rise
in the retail food price index was about 9.6 percent
between these 2 periods.
In line with the trend of retail sales, newspaper and
magazine linage expanded during 1934 for the first
time since 1929. The increase in newspaper linage was
about 10 percent, and for magazine linage, 30 percent.
After adjustment for seasonal variation, magazine
advertising reached a peak in the summer of 1934, at
which time it was 50 percent above the depression low
reached in the first quarter of 1933. In the latter half
of the year, and particularly in December, the trend of
magazine advertising was downward, after due allowance for seasonal factors.
DOMESTIC TRADE STATISTICS
Wholesale
trade «
Retail trade
Department stores
Year and month
|
Sales
Stocks *
Unad- Adjust- justed a
ed^
Unad- Adjust- justed »
ed
Monthly average, 1923-25=100
1929: December
1930: December
1931: December. _
1932: December _
1933: December.
1934
January
_
February
March .
April
May
June
July
August.
September
October
_ _
November
_
December _
Monthly average'
1929
1930.
1931
1932
1933..
1934
_
„_
191
165
143
106
121
108
94
82
60
69
94
85
73
56
62
100
91
77
60
65
57
59
73
73
77
70
51
60
79
82
83
134
69
71
77
77
77
74
72
79
76
74
73
78
59
63
67
68
68
63
59
61
67
71
74
60
66
66
65
65
66
65
64
64
64
64
65
64
111
102
Q
2
69
Commercial
failures
Unad- Adjusted* justed 2
Failities
Variety stores
Combined
index Unad- Ad(18 com- just- justed '
panies) * ed i
MailNew passenorder
ger car sales
and
store
sales, 2 Unad- Adhouses just- justed!
ed 2
Employment
Avg. same Monthly avermo. 1929- age, 1929-31 =
31 = 100
100
Thou- Monthly aversands of age,
1929-31 =100
dolls.
averMonthly aver- Monthly
age, 1929=100 | age, 1923-25=
100
100
94
82
66
61
65
67
75
Corrected to average daily basis.
Chain-store sales
Freight-car
loadings, merchandise I.c.l.
77
88
205.4
185.2
166.6
132.7
153.7
111.3
100.4
90.3
71.9
83.3
90, 019
72, 486
58, 821
51, 556
61, 804
65.1
46.9
34.5
19.3
17.3
89
91
91
92
90
92
93
93
95
92
93
94
70.2
73.0
87.2
82.5
90.0
86.3
79.7
79.9
85.5
91.3
92. 9
163.9
94.2
87.5
94.8
87.2
90.0
90.8
89.5
90.3
89.5
90.0
91.5
88.9
36, 705
36, 016
43, 592
46, 037
22.8
45.7
68.4
87.9
78.1
84.6
73.9
63.1
51.9
47.3
39.2
27.1
84
83
92
107.1
99. 0
93.8
80.8
82.5
90.4
51,072
46, 330
37, 387
44, 134
52, 997
64, 134
60, 595
76, 631
61, 248
55 2^5
47,214
:
38 345
39, 775
49, 636
144. 1
93.0
62.9
35 5
43.3
57.5
Pay
rolls
Liabilities
N-- 2£
Der
" of dolls.
102. 6
91.5
82.6
75.4
81.5
104.7
90.2
75.6
59.3
60.9
96
86
77
64
64
103
92
83
69
68
2, 037
2, 525
2, 758
2, 469
1, 132
67, 465
83, 683
73, 213
64, 189
27, 200
80.6
81.2
81.8
82.1
82.8
82.3
82.2
82.5
83.5
84.3
85.1
85.0
60.3
61.0
62.0
63.1
62.6
62.8
63.8
62.7
63.6
64.5
64.2
64.8
65
65
67
67
67
65
64
65
67
66
65
62
70
67
66
65
65
65
65
65
64
63
64
60
1, 364
1, 049
1, 102
1, 052
977
1, 033
912
32, 905
19, 445
27, 228
25, 787
22, 561
23, 868
19, 326
100. 0
95.7
85.8
76. 8
76.1
i 82.8
100.0
95.3
81.9
64.2
56.8
63.0
105
97
87
72
67
65
113. 0
82.5
60.5
34.0
30.5
33.5
54.5
64.5
59.0
55. 5
63.5
67.0
56.0 j
53.0
59. 0
63.0
48.0 |
929
18,460
790 ! 16.440
1,091 i 19,968
923 i
963
18, 350
19,911
1, 909 : 40, 271
2, 196 ;; 55, 690
2, 357
61, 359
2, 652 i 77, 359
1,692 ' 41,903
1,015
22,021
'
2
Adjusted for seasonal variation.
3
End-of-month figures.
* See note on p. 26 of the Nov. 1934 issue.
4
Revised. See note on p. e
SURVEY OF CURRENT BUSINESS
February 1935
Employment
employment increased in December conFACTORY
trary to the usual seasonal movement, the seasonally adjusted index advancing 3 percent. The increase
in pay rolls was larger, amounting to 6.2 percent.
While employment increases occurred in a large number of industries, the principal causes of the rise were
the unusually rapid increase in the production of
automobiles and the less-than-seasonal decline in
many of the industries in the nondurable goods group.
The increase in employment in the manufacturing
industries in the durable goods classification amounted
to 3.4 percent. The increase in the transportation
equipment group alone was estimated at 92,000, most
of these being taken on by automobile factories. The
increase for the durable goods industries combined
was estimated at 90,000, so that the statistics indicate
some decrease in the "heavy" goods industries, when
the transportation equipment group is excepted.
However, 25 of the 46 industries in the durable goods
classification showed increases.
Of the 44 industries placed in the nondurable classification, 17 showed increases in December while 27
reported decreases. Among these decreases, which
were mainly seasonal in character, were: The beet
sugar industry (40 percent), canning and preserving
(22 percent), shirts and collars (11 percent), men's
furnishings (7 percent), women's clothing (3.4 percent),
and millinery (5.7 percent).
Among nonmanufacturing industries, the largest
gain was the seasonal increase in the retail trade group.
For department stores, variety stores, general merchandise, and mail-order establishments, the increase
amounted to 27 percent. Employment in the building and construction industry experienced a seasonal
decline of 12 percent.
Relief demands upon the Federal Government continued extremely heavy during the month. There
was little change in the number of persons supplied
with work by Government programs in December as
compared with November. The Public Works Administration employed 87,000 fewer workers in December, the work of building and maintaining State roads
required 50,000 fewer men, and the end of an enlistment period accounted for a decline of 37,000 in the
Civilian Conservation Corps enrollment. Offsetting
these declines was the increase of 200,000 in workers
employed by the emergency works program.
It is estimated that over 19,000,000 persons, or about
15 percent of the total population of the country, were
receiving relief under the general relief and numerous
special programs of the Federal Emergency Relief
Administration in December. This is the largest
total for any period since the present program has
been in effect. These figures reflect the continuing
large volume of unemployment and the exhaustion of
private resources.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
j
and pay rolls
Employment
Year and
month
Pay
rolls
Nonmanufacturing employment and pay rolls
(Department of Labor)
Anthracite
mining
EmUnad- Ad- Unad- ployjusted justed^ justed ment
Pay
rolls
Bituminous
coal mining
Employment
Monthly average,
1923-25=100
1929: December.
1930: December.
1931: December.
1932: December.
1933: December.
1934:
January
February
March
April
May
June
July
August
September..
October
November..
DecemberMonthly average:
1929
1930...
1931
1932
1933
1934
Pay
rolls
Power and
light
Employment
Telephone
and telegraph
Retail trade 2
Employment
Employment
Pay
rolls
Pay
rolls
Pay
rolls
Wages
Tradeunion
Factory s
memCombers employed Average Average mon
weekly hourly labor
earnings earnings
Percent
of total
members
Monthly average, 1929=100
Cents
per
hour
Dollars
99.8
82.3
71.0
62.1
74.4
101.0
83.3
71.5
62.4
75.0
100.7
75.2
57.6
41.5
64.5
107. 1
99.1
79.8
62.3
54.5
137.2
100.0
78.4
56.2
44.3
101.3
92.5
81.2
70.0
75.4
108.2
77.7
52.3
37.7
50.8
102.5
103.2
90.3
78.4
81.8
105.8
106.3
91.2
73.2
74.4
101.8
91.6
83.1
74.8
69.4
103.9
101.3
92.7
73.5
67.7
111.9
102.5
90.6
80.9
89.1
109.7
95.4
80.4
60.4
64.0
84
77
70
66
71
27.73
24. 03
20.74
16.37
18.67
.591
.579
.538
.467
.550
40
37
33
32
38
73.3
77.7
80.8
82.3
82.4
81.0
78.6
79.5
75.8
78.3
76.8
78.1
75.1
78.4
81.0
82.2
82.4
81.4
79.4
79.3
73.9
76.7
76.7
79.0
54.0
60.6
64.8
67.3
67.1
64.8
60.4
62.1
57.9
61.0
59.5
63.3
64.1
63.2
67.5
58.2
63.8
57.5
63.6
49.5
56.9
58.5
60.7
61.6
73.2
65.8
82.4
51.7
64.0
53.3
42.3
39.7
47.0
48.3
51.2
52.3
75.8
76.1
77.8
72.2
76.7
76.7
77.0
77.1
78.2
79.3
79.8
79.7
51.3
54.6
58.9
51.4
54.4
55.1
49.7
50.4
51.4
57.8
58.3
57.0
82.2
81.2
81.7
82.4
83.1
84.0
85.0
85.6
85.8
85.8
85.5
83.6
73.8
74.4
75.6
76.8
77.6
77.8
81.1
79.9
79.3
80.6
79.6
78.3
70.2
69.8
70.0
70.2
70.2
70.4
71.0
71.0
70.9
70.3
69.9
69.7
69.0
67.9
70.4
68.8
71.4
71.3
72.3
74.0
72.2
74.9
72.2
73.2
79.8
79.6
81.5
82.5
82.9
82.6
79.0
77.8
81.7
82.6
83.7
90.8
59.0
58.8
59.8
61.2
61.5
61.4
60.1
58.4
60.6
61.9
61.8
66.0
72
74
75
76
76
75
72
72
75
76
75
73
18.89
19.81
20.49
21.00
20.79
20.70
19.92
19.59
19.63
20.01
20.07
20.71
.551
.658
.561
.579
.586
.586
.587
.588
.591
.593
.594
.593
37
37
42
43
43
43
42
41
41
41
41
40
109.1
88.7
67.5
46.1
48.5
61.9
100.0
93.4
80.5
62.5
51.7
59.6
100.0
95.3
75.4
53.7
45.8
55.9
100.0
93.4
83.2
67.4
67.9
77.2
100.0
81.3
57.5
35.6
37.8
54.2
100.0
103.0
95.6
83.0
78.8
83.8
100.0
100.0
104.3
97.9
96.7
86.6
79.1
79.8
72.0
70.4
77.9 1 70.3
100.0
102. 9
93.7
81.1
68.2
71.5
100.0
96.8
87.7
76.8
76.1
82.0
100.0
95.3
83.1
63.2
55.2
60.9
88
79
74
68
69
74
28.54
25.90
22.60
17.10
17.71
20.13
.589
.589
.564
.497
.491
.581
39
39
36
32
35
41
104.8
91.5
77.4
64.1
69.0
78.7
http://fraser.stlouisfed.org/
i Adjusted for seasonal variations.
Federal Reserve Bank of St. Louis
« Revised. See note on p. 68.
s National Industrial Conference board.
8
SURVEY OF CUERENT BUSINESS
February 1935
Finance
developments in the field of fiOUTSTANDING
nance during January were the Budget message
The condition of extreme ease prevailing in the
short-term money market in recent months was unaffected by the year-end demands. Since the first of the
year, seven of the Federal Reserve banks have reduced
their rediscount rates. Four of the banks now have a
rate of 2% percent, seven a rate of 2 percent, while the
New York bank has a rate of ll/2 percent.
No marked change has occurred in the volume of new
funds derived from long-term capital issues. The
amount of such issues in both December and January
remained extremely small. The Securities and Exchange Commission issued new regulations during the
month concerning the registration of new issues which
were designed to facilitate new financing.
Member bank credit outstanding was approximately
the same in mid-January as a month earlier. Investments in Government obligations increased during this
period, while there was a further moderate decline in
loans. Government deposits were reduced as the
large balance accumulated in December was gradually
utilized for the settlement of current bills. These
Government operations continue to be reflected in a
marked growth in demand deposits, since a considerable
portion of the Government funds after disbursement
find their way into private accounts. This relationship
is evident in the changes in the member bank statement
during the past year. In this period, net demand deposits have increased by approximately 2% billion
dollars, while the banks7 holdings of Government obligations and Government guaranteed obligations have
increased by about 2}£ billion dollars.
of the President to Congress, the flurry in the security
and foreign-exchange markets induced by the hearing
of the gold cases by the Supreme Court, and the heavy
movement of gold from Europe to the United States.
According to the Budget message, the estimated
Federal deficit for the fiscal year ending June 30, 1935,
is $4,869,000,000, including $573,000,000 for statutory
debt retirements. For the fiscal year to end June 30,
1936, the estimated expenditures of $8,520,000,000,
including $636,000,000 for debt retirement, are expected to exceed receipts by $4,528,000,000. These deficits
are the result of continued heavy expenditures for recovery and relief since regular expenditures (exclusive
of debt retirements) are below anticipated receipts.
Speculative activity arising from the general discussion of the gold cases caused a brief reaction in both
stock and bond prices in mid-January. This was accompanied by a recession in some speculative commodity prices and a sharp break in foreign-exchange rates.
Changes in both the stock and bond price "averages",
as a result of the month's trading, were not important.
The break in the foreign-exchange rates of goldstandard countries made profitable the import of gold,
and arrangements were made to transfer a considerable
quantity to this country. Net gold imports during
December amounted to $92,000,000, while in the 2
weeks ended January 18 imports were $18,000,000.
These have tended to increase the already high monetary gold stocks.
FINANCIAL STATISTICS
Year and month
Bank
debits
outside
New
York
City
Net
Reporting member
banks,
Wednesday
closest to end of
month i
Loans
on
securities
All
other
loans
Federal
Reserve
bank
credit
outstandin 9
*
end£ of
month
Investments
!
gold
Total
Bond
Averbankim- \
I Savings deposits Stock prices,
Interest
age
!
ers' ac- ports
prices
New
!
divirates,
ceptinMoney
York
(421)
New
dend
comin
ances eluding
StandStock
capital
mercial
gold
circu- j
outard
Exissues
share
paper
standrelation
New Postal Statis- change
(600
(4-6
leased
\ York
ln
Savtics
(docom- months)
end£'~
of from |
! State
ings
panies)
mestic)
month
eari
mark 2
1
Millions of dollars
1929: December
1930: December
1931: December
1932: December _ _
1933* December
1934:
January
February
March
April
. -. -.
May
June
July
August _•
September
October
November.. . .
December
i 91 cities.
26, 902
23, 107
17, 112
12, 820
13,288
3,789
3,620
5,082 ,
4,765
13, 198
11, 784
14, 077
14, 278
14, 105
14, 754
13, 910
13, 420
12, 888
14, 465
13, 408
15, 666
3,609
3,520
3,514
3,577
3,476
3,529
3,358
3,247
3,047
3,051
3,017
3,081
4, 740
4,665
4,647 !
4,559
4,550 ;
4,485
4,515
4,555 ]
4, 747
4,756
4,688 !
4,565
:
7,910 !
8,200 !
8,772
9,215
9,311
9,328
9,280
0,723
9,889
9,906
10, 017
10, 030
10, 059
10, 575
* Net exports indicated by (—).
1, 582
1, 373
1,853
2, 145
2,688
1,732
1,556
974
710
764
-86.4
17.6
33.9
171.9
2.7
2,630
2, 567
2, 545
2, 485
2,463
2,472
2,462
2,464
2,464
2,455
2,453
2,463
771
750
685
613
569
534
516
520
539
562
561
543
9.4
521.2
236.5
53.6
34.1
64.7
52.9
36.2
-16.3
11.1
120.8
92.3
4,943
4,823
5,612
5,699
5,811
l! 4,392
! 4,792
| 5,255
!! 5,314
i j 5,064
164
245
605
902
1,209
5,669 1 5,067
« 5, 339
5, 076
5,368
5,122
5,366 i 5,097
5,355
5,090
5,341
5,134
5,350
5,114
5,355
5,054
5,427
5,145
5,473 :i 5,128
5,494
5,119
5,577 5,154
1, 201
1, 200
,200
,197
,197
,198
,190
1,193
1, 192
1, 199
1,203
1,207
1926=100 Dollars ofThous.
dollars Dollars
1
153.8
97.03 565, 946
3.03
109.4
2.73
95.90 384. 144
57.7
80.19 118, 751
1.96
47.4
81.65 124, 686
1.21
70.4
57, 150
85.11
1.11
75.6
80.5
77.1
79,6
71.8
73.5
71.4
67.8
67.0
67.3
69.4
69.2
88.77
90.12
91.09
92.54
92.32
93.16
92.00
91.13
90.05
91. 23
91. 68
92.57
47, 775
79, 121
97, 276
143, 404
102, 733
122, 506
216, 645
179, 548
43, 375
121, 903
107, 036
140,941
1.12
1.15
1.16
1.16 :
1.18
.19
.21
.23
.23
.24
.27
.27
Percent
5
2M-3
3M-4
Ifc-lH
1K-1H
1K-1H
1M-1H
1 -IX
1 -IX
l
*Gold coin reported in circulation prior to Jan. 31, 1934, was eliminated from the total as of that date.
%-l
&&
£i
9
SURVEY OF CUEEENT BUSINESS
February 1935
Foreign Trade
trade fell off in December by more than
FOREIGN
the usual seasonal reduction. The value of both
exports and imports dropped 12 percent as compared
with November. Curtailment of exports in December
occurred chiefly in leaf tobacco, raw cotton, coal, crude
petroleum, and meat products. Among the imports,
the heaviest declines were in coffee, crude rubber, raw
silk, and tin, although imports of many other commodities also declined.
Complete statistics for the year indicate that the
physical volume of exports increased 18 percent in
1934 as compared with 1933, primarily as a result of
the expansion in foreign sales of semimanufactures and
finished articles. The quantity of crude material exports was about 8 percent larger in the first quarter
of 1934 than in the same quarter of 1933, but exports
of this class of commodities (particularly raw cotton)
during the remainder of the year fell considerably
under the shipments in the corresponding period of
1933, In the last quarter of 1934, the quantity of
crude material exports was 28 percent less than in the
final quarter of 1933.
Aside from the expansion in exports of manufactured articles, the higher level of commodity prices
accounted chiefly for the increases of 27 percent and
14 percent, respectively, in the value of exports and
imports during 1934.
The unit value (price) index of exports of United
States merchandise increased approximately 18 percent as compared with 1933, while the price index of
imports advanced by 16 percent. Crude materials
showed relatively marked advances in prices; the unit
value of that class of exports increased 32 percent,
while the increase for crude material imports was 22
percent. Finished manufactured articles increased
only moderately in price—9 percent in export trade
and about 6 percent in import trade.
Automobiles, machinery and apparatus, metal
manufactures, wood and paper, and petroleum products were among the leading groups of export commodities chiefly responsible for the expansion in the
quantity of total exports. The value of machinery
and vehicle exports aggregated $435,000,000 in 1934
in comparison with $236,700,000 in 1933, an increase
of 84 percent, while the value of the other groups
showed increases ranging from 77 to 14 percent.
Exports of cotton cloth declined 25 percent in
quantity during 1934 but, because of the advance in
price, the value was slightly larger than in 1933. The
quantity of unmanufactured cotton exports decreased
30 percent and the value dropped 6 percent. This
decline in cotton exports was responsible for a drop
of more than one-fifth in the quantity of all agricultural products exported.
EXPORTS AND IMPORTS
Indexes
Exports of United States merchandise
Crude
materials
Ex-
Value Value
ports,
total
clud-
of
of
total
eximports, ports,
adad-
Year and month
Finished
manufactures
Foodstuffs
in-
ing
Total
reexports
Total
justed i justed i
Raw
cotton
Semi-
man-
Fruits
Total
and
ara-
ufactures
prep-
1931
1932
1933
1934
_
.
Ma- biles,
Total chin- parts,
ery
Total
and
Finished
Crude Food- Scmian - manma- stuffs in
ufac- ufacterials
tures tures
accessories
126.0
76.8
68.4
52.2
73.1
90.6
47.3 !
47.4
39.0 j
44.3 |
58.7
40.5
27.1
16.0
24.3
12.0
15.1
6.6
4.8
8.3
54.4
33.8
20.6
15.7
28.5
181.4
118.9
64.7
45.0
63.9
49.5
35.2
17.6
9.7
15.8
25.7
15.4
8.0
5.1
9.3
309.8
208.6
153.8
97.1
133.5
115. 6
69.1
49.8
28.7
36.2
65.6
52.3
36.6
28.2
42.4
57.8
38.1
25.3
16.7
27.2
70.7
49.2
42.0
23.4
27.7
60.4
54.2
55.3
45.9
38.0
47.0
37.2
39.7
66.4
82.9
71.7
54.5
41.5
37.7
34.7 |
24.5
17.6
28.9
20.3
17.8
32.2
43.4
39.2
35.0
22.7
19.6
20.1
17.8
16.8
14.9
17.1
22.1
20.1
21.9
18.5
15.7
8.4
6.8
5.5
4.4
3.3
4.0
2.9
7.7
7.1
9.0
5.4
5.4
25.0
24.5
31.4
29.4
26.2
27.9
28.8
29.4
29.7
28.8
30.4
30.3
61.4
61.4
80.8
83.4
76.2
78.1
76.2
78.7
73.0
70.1
71.7
68.0
14.4
14.6
18.3
19.2
17.0
18.6
18.9
20.2
18.8
18.7
20.6
19.1
10.8
13.2
20.6
21.5
20.6
20.0
18.4
15.3
14.0
12.4
11.0
12.4
128.7
125.0
153.1
141.1
146.9
135.0
124.1
117.3
149.8
137.9
149.4
126.2
35.7
36.9
44.9
41.0
42.8
42.6
39.1
34.2
38.6
35.1
40.1
28.8
39.3
38.3
48.6
45.6
46.3
39.3
29.1
30.8
57.3
46.8
47.8
47.8
26.4
22.2
29.7
26.1
26.9
26.8
27.5
23.0
24.2
26.1
27.4
21.0
27.8
27. •
29. S
28.4
30.8
26.4
28.1
29.2
29.6
29.9
34.1
28.6
-5, 157. 1 1, 142. 4
3,781.2
829.1
566.8
2,378.0
1,576.2
513.7
1,647.2
590.6
653.2
3,101.0
770.8
496.8 !
325.7
345. 2 !
398. 2 i
372.8
753.9
541.2
373.9
241.5
203.0
227.1
136.0
109.7
108.2
76.5
67.6
69.8
729.0 2, 531. 8
512.8 1, 898. 1
317.6 1,119.7
624.2
196.7
237.0
616.6
878.9
341.8
606.8
515.5
316.8
131.7
132.5
218.4
541.4
279.1
148.1
76.3
90.6
190.2
4, 399. 4 1, 558. 6
3, 060. 9 1, 002. 2
2, 090. 6 * 642.2
1, 322. 8
358.3
418.2
1, 449. 6
459.9
1, 634. 5
962.2
693.6
527.1
406.9
417.2
517.0
885.1
608.2
372.0
217.0
292.0
507.5
993.5
757.0
549.3
340.6
322.2
350.2
97
65
48
30
42
426.6
420.6
270.0
274.9
184.1
180.8
131.6 ! 129. 0
189.8
192.6
44
47
50
50
45
50
48
49
48
45
45
43
42
42
44
42
47
44
43
39
43
39
47
«
172.2
162.8
191.0
179.4
160.2
170.6
161.8
172.0
191.7
206.4
194.9
170.7
3115
3 113
379
354
334
»37
'43
5, 241. 0
3, 843. 2
2, 424. 3
1,611.0
1, 675. 0
2,133.6
i Adjusted for seasonal variations.
2
100756—35
mo-
Millions of dollars
106
68
46
33
48
384
353
335
837
347
Auto-
tions
Monthly average, 1923-25=100
1929: December
1930: December
1931: December
1932- December
1933: December
1934:
January
February
March
April
May
June
July
August .
September
October
November
December
Yearly totals:
1929
1930
—
Imports >
1 169.5
! 159.7
187.5
i 176.5
157.2
168.0
159.2
169.8
189.2
203.6
192.3*
j 168.5
2
i
General imports through December 1933; imports for consumption in 1934.
* Annual index.
10
SURVEY OF CURRENT BUSINESS
February 1935
Real Estate and Construction
T
HE major development of the month, affecting
the construction industry, was the announcement
of the Government's plans to handle the relief problem during the next fiscal year by an enlarged program
of public-works construction, for which an appropriation of $4,000,000,000 was asked of Congress.
During the year 1934, publicly financed construction contracts in the areas covered by the F. W.
Dodge Corporation statistics, constituted over 60 percent of the total. Government work was on a considerably larger scale than in 1933, and accounted for all
of the increase in the value of contracts placed in
1934. Privately financed contracts declined by about
$5,000,000 below the 1933 total, to $568,000,000.
The decline in the volume of contracts let during
December and January has been less than usually experienced during these months, according to the Federal Reserve Board's index. For the year 1934 the
Board's index was below one-third of the 1923-25 average in all but the first two months of the year, the
average for the year being 32 percent. This represents an increase over both 1933 and 1932, due entirely
to Government initiative.
Each of the 10 general classes of construction, excepting factories and residential buildings, reflected
gains in contract totals for the year. The decline in
factory contracts was about 10 percent, while the loss
in residential construction was nominal.
Statistics on building permits for December show
a decline in the volume of work represented by additions, alterations, and repairs, the type of activity
which is not fully reflected in the contract totals. The
value of work covered by permits for this class of work
in 764 cities was 26 percent lower in December than in
November, and 2.4 percent less than in December 1933.
The statistics of the American Federation of Labor
reveal that 43 percent of its members in the building
trades were employed in December, compared with 44
percent in November. About half of the number
working were on a full-time basis.
The Federal Housing Administration has actively
pushed its drive for the modernization and repair of
existing structures. About 85,000 loans were reported
to have been made by banks and other lending organizations with an aggregate value of $36,000,000. The
estimated amount of work undertaken, both on a credit
and cash basis, is several times this total.
While the Home Owners' Loan Corporation has not
been accepting applications for loans since the middle
of November, advances are being made on approved
loans applied for before that date. Up to January 17,
the Corporation had made loans to 760,102 home owners, disbursing $2,301,000,000 for this purpose. While
applications had dropped considerably below the peak
reached in March 1934, the number received in October was 35,675.
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Highways ConBuilding-material
under
shipments
Long- Home
Loan
construc- strucExplotion term Bank,
tion
sives,
costs, real- loans
(National
new Maple Oak
Eng. estate outPubPub- orders
Indus- NewsCebonds
lic
floor- floor- ment
trial
lic
utili- works
Bec- issued standing
ing
Becovery ord?
ing
ties
Act)
Construction contracts awarded
Year and month
1929: December.
__ ..
1930: December
1931: December
1932: December
1933: December.
1934:
January.. _. __ __ ._
February
March
April
May
June
July .
August.
.
September
October _
November
December
Monthly averaee:
1929
1930
.
1931
1932_
1933
1934-
F. B. B.
index
adjusted i
All types of
construction
Monthly
average,
1923-25 =
100
MilNum- MilMilber of lions of lions of lions
of
proj- dollars square dollars
feet
ects
102
73
38
28
57
7,281
7,391
6,951
4,205
7,677
49
44
33
32
26
26
27
27
29
31
31
33
7,729
5,507
7,927
8,114
9,153
8,368
7,182
7,625
7,666
10, 013
7, 505
5,771
117 14, 348
92 11,272
63 \ 9,184
28 : 6,344
25
7,101
32
7,713
Besidential
building
Millions of
dollars
Thou- Thousands of Thousands of feet, board sands of
pounds
measure
barrels
17.8
14.7
8.8
3.4
5.9
114.1
70.9
36.2
13.0
23.9
28.1
24.7
11.0
6.5
34.0
37.3
54.2
39.5
36.9
99.2
34, 105
27, 584
19, 518
18, 985
23, 318
2,715
1,811
1,928
1, 590
3,234
23, 137
17, 152
12, 976
4,327
6,417
5,951 !
5,688
4,142
2,835
3,738
186
97
178
131
134
127
120
120
110
135
112
93
3.9
3.6
8.0
6.0
6.2
7.5
4.8
5.0
4.8
7.0
5.3
4.0
15.1
14.5
28.1
22.7
24.8
26.6
19.8
18.6
17.9
26.3
19.9
14.6
10.6
6.4
21.0
12.4
5.6
13.1
7.9
8.7
6.5
12.6
8.5
12.9
103.1
46.7
71.9
57.5
61.2
44.3
31.2
41.9
43.5
52.6
43.8
37.2
28,504
25,584
27, 725
26, 958
24, 231
24, 812
23, 384
26, 063
25, 489
26, 892
25, 108
22,635
3,665
3,665
4,643
4,303
4,512
3,573
4,421
4,279
3, 386
3,408
3,005
2,668
5,137
8,112
13,711
9,476
9,813
7,965
7,713
9,041
9,003
10, 095
9,533
6,964
3,778
2,952
4,618
6,492
8,784
8,541
7,898
8,249
7,388
8,439
5,674
3,104
479
377
258
113
105
129
32.3
19.2
15.9
6.1
6.1
5. 5
159.6
91.8
67.6
23.3
20.8
20.7
43.7
58.4
24.6
6.3
8.6
10.5
77.9
80.3
73.0
42.9
41. 6
52.1
40, 383
35,410
27, 120
18, 959
20, 782
25,615
5,734
3, 600
2,974
2,177
2, 697
3,794
37, 058
24, 985
21, 423
10, 342
10. 077
8,880
14, 120
13,229
10,539
6,715
316
249
137
81 !
207 i
i Based on 3-month moving average and adjusted for seasonal variations.
Thousands of
dollars
159, 575
209.5
196.9
166.2
158.5
192.1
8,100
29, 877
3,185
200
0
838
88, 442
197, 088
216, 291
239, 974
269, 229
288,460
283, 506
267, 509
231, 554
203, 027
179, 453
159, 599
147,807
191.3
194.0
194.0
195.9
199.6
199.6
199.7
198.4
200.6
200.9
201.4
201.9
0
0
0
0
0
0
400
0
0
0
0
0
92, 497
94,040
93, 125
88,922
86, 842
86, 248
85,723
85, 519
86, 647
87,446
87, 714
87, 258
27, 823
14, 256
9,574
306
75
223, 625
207.0
202.9
181.4
157.0
170.2
198.1
5,341 :
6,326
Monthly av- Thousands of
erage,
dollars
1913=
100
»Index is as of first of month, Jan. 1,1935,198.7,
00
33
47,913
88, 498
11
SURVEY OF CURRENT BUSINESS
February 1935
Transportation
in net railway operating income for the 11-month
period is attributable to the 8.9 percent increase in
operating expenses, since total operating revenues inof the 1923-25 average in November to 64 in December. creased 5.7 percent and taxes decreased 4.9 percent.
Improvement was noted in all but one of the 8 classes Car-loading reports indicate that net railway operatof freight, livestock shipments alone showing a decline ing income will be less in December than in December
as compared with the usual seasonal movement. a year ago.
Railway employment continued in December, the
The adjusted index of miscellaneous freight, which
represents more than one-third of the total shipments, decline which has been noted each month since July,
increased more than 10 percent to 71 percent of the but after adjustment for the usual seasonal variation
average shipments in 1923-25. L. c. 1. merchandise the index of employment increased slightly in December to 55 percent of the 1923-25 average.
shipments increased but slightly on this basis.
The Association of American Railroads has reported
During the first 3 weeks of January loadings
that
class I railroads installed 24,103 new freight cars
showed about the usual seasonal movement. For the
in
1934.
In 1933 and 1932 the corresponding figures
week ended January 19 loadings were 69.5 percent
were
1,879
and 2,968, respectively. Fifty-nine new
of the 15-year average for that week, which is the
steam
locomotives
and 31 electric locomotives were
highest point reached on this base since the first of
placed in service in 1934. In 1933 one new steam
July, except for 2 weeks in December.
Net railway operating income of class I railroads locomotive was installed and in 1932, 37 Purchases
during November declined 16 percent below that for on the 1934 scale were made possible by the extension
November 1933, or slightly more than the October of loans from P. W. A. funds.
The major electrification project of the Pennsylvania
1934 decline, as compared with October 1933. Similar
comparisons for the earlier months of the year were Railroad between New York and Washington, which
far more favorable, as net railway operating income was financed partly by Government aid, was comdeclined only 3 percent for the first 11 months as pleted to a point which permitted the operation of the
compared with the same period of 1933. The decrease first through train in January.
REIGHT-CAR loadings in December declined less
F
than is usual during that month and the adjusted
index of the Federal Reserve Board rose from 59 percent
F. R. 15. index
1
i
I
G
"3
1
I
1
1
I
Monthly aver- |
age, 1923-25= 1
100
1929: December
1930: December
1931: December
1932: December.
1933: December. . 1934:
January
February _. _
March..
April
May __
_
June
July
.--.
August
___
October
November
December
Monthly average:
1929
1930
1931
1932
1933
1934
1
Daily average basis.
v
|•«1«
«
«
%
Year and month
4
$
y
1o
«
W
5
"aa
1
1
i
1
£
1
"3
%
3
Freight-car surplus
Freight-car loadings
Thousands of cars *
Pullman passengers carried
1
RAIL AND WATER TRAFFIC
Financial
statistics, class
I railroads
Thousands
Thousands of
dollars
I
o>
k
2«
O
ho g
8
&
g£
IS
i-
Canal traffic
ii
5
s! 2 !
$oe
I
i
Thousands of
short tons
89
74
61
52
56
102
84
69
58
63
834.9
679.3
555.0
496.7
517.4
186.8
149.5
115.4
125.0
116.0
11.6
8.5
5.8
5.6
6. 7
46.1
29.0
17.0
13.2
18.4
39.7
35.0
27.1
26.5
26.0
25.5
22.9
21.0
16.6
15.1
225. 7
197.5
178.4
155. 1
148.8
8.5
5.5
3.5
1.7
2.9
291.1
231.4
186.7
152.9
183.5
447
707
751
647
463
2,180
1,677
1,248
1,333
464, 243
373, 850
285, 371
243, 347
245, 330
70, 959
48, 505
26, 844
32, 372
37, 764
479
311
284
218
172
0
0
0
0
0
58
61
63
60
63
64
63
63
67
64
60
56
64
64
66
62
63
64
61
59
59
57
59
64
544.4
577.2
611.8
583.7
610.4
615.6
586.6
605.0
628.5
632.9
588.3
518.4
129.8
143.8
145.9
100.3
106.8
100.3
93.2
95.9
116.1
121.0
123.6
122.9
7.7
10.1
8.9
5.8
6.8
6.8
4.4
4.1
5.2
5.6
5.4
6.0
18.3
21.8
23.7
24.2
25.1
24.6
20.8
22.3
22.0
22.4
21.2
18.3
29.4
30.1
29.6
26.5
28.1
34.9
42.7
40.1
34.8
30.6
27.8
25.1
17.5
15.3
13.4
16.3
16.2
15.4
22.2
30.9
34.1
28.5
22.5
16.3
153.8
156.9
165.5
166.0
164.9
157.7
153.2
159.6
159. 3
163.2
160.1
144.2
3.1
3.1
3.7
7.4
20.7
33.1
31.3
29.0
24.4
17.1
6.5
3.1
184.8
196.2
221.0
237.4
241.6
242.7
218.7
223.1
232.5
244.5
221.3
182.5
434
375
357
368
355
343
348
359
318
328
381
395
1,306
1,132
1,227
1,212
1,122
1,303
1,280
1,403
1,354
1,265
1,131
258, 006
248, 439
293, 178
265, 391
282, 024
282, 779
275, 984
282, 679
275, 511
292, 903
256, 967
30, 931
29, 281
52, 038
32, 265
39, 495
41, 836
35, 221
39, 677
41, 020
48, 625
31,583
0
0
0
13
5,745
7,901
7,522
6,990
6,145
5,006
2,627
300
0
0
0
140
550
557
519
627
465
726
559
0
J, 015.9 ! 174.9
879.2 15L 9
714.4 ! 124.9
541.9 i 102.7
561.9 109.5
592.0 ; 117.0
12.2
9.3
6.2
4.3
5.7
6. 4
62.5
45.2
28.3
17.3
21.2
»». i
46.1
43. 4
38.9
31.8
31.9
31.6
27.3
24.7
22.3
18.3
17.1
20.7
254.0
234. 1
210. 6
174.4
162. 4 ;
158.5 1
43.9
31.9
16.8
4.0
395.1
338.7
266.4
189.1
199.8
xxv. a
235 02,791 ^528,984 ^ 107,394 1 11,577
467 92,471 M46,140 i a 74,569
9,112
615 "1,937 ^354,812 i 945,263
5,576
692 » 1,318 ^262,144 926,729
2,561
509 91,126 19259,108 ! a 39,686
5,039
363 9 1, 249 a 273,987 j a 38,361
&, 5JS1
411
515
532
520
582
692
106
92
75
56
58
62
2
!
1
i
i
!
Adjusted for seasonal variations.
3
14.3
15. 3
American vessels, both directions.
4
2,731
Average weekly basis.
••
Thous.
of long
tons
11-month average.
922
846
979
1,119
1,038
1,008
835
770
12
SURVEY OF CURRENT BUSINESS
February 1935
Automobiles and Rubber
The effect of this rising tide of production on employment and pay rolls is evident from the statistics
for Detroit. The number employed in Detroit factories in mid-January was more than double the total
for the end of October and was exceeded in only three
months—March, April, and May—during 1934.
Since new passenger sales in December were largely
confined to the clearance of 1934 models, the decline
in the seasonally adjusted index of sales for that month
was without significance. Relatively few of the new
models were delivered before January 1, but the trend
of production and sales during the current month
assures a substantial rise in the January index.
Activity in the rubber manufacturing industry has
recently been at a high rate for this time of the year.
Moving contrary to the usual trend, the consumption
of crude rubber in December increased by about 5
percent, on a daily average basis, as compared with
November. Consumption for the month was the largest December total on record. Production of pneumatic casings was sharply higher in December than in
November, although domestic shipments were slightly
lower. A substantial increase in domestic shipments is
anticipated during January.
With exports from producing countries restricted to
70,000 tons a month for the first quarter of 1935 and
both domestic and foreign consumption rising, some
reduction of the large world stocks of crude rubber may
be in prospect.
RODUCTION of automobiles for the 1935 market
Phas
proceeded at a pace not witnessed since 1929.
In the absence of major alterations such as were responsible for the delays experienced a year ago, production schedules are generally about a month ahead
of the 1934 records. Production of 183,000 cars by
United States factories during December was the largest
for this month since 1928 and, judging by the schedules
for the current month, January output should equal
and possibly exceed the January 1930 figure.
The attendance at the automobile shows and other
evidences that an expanding market exists for cars
this year have caused dealers to place large orders with
the manufacturers. The uncertainties arising from the
expiration of the automobile code early in February
and the possibility of labor difficulties may also have
influenced the production schedules set by the manufacturers. But whatever the reason for the rapidity
with which the industry has swung into production this
year, demands of automobile manufacturers since
early December have put increasing pressure on the
industries supplying the basic materials, parts, and
accessories, and have brought about a sharp rise in
activity in these related lines.
With production of automobiles in the final month
of 1934 the highest since August, the year's total of
2,778,739 passenger cars and trucks was the largest
since 1930, while the production of trucks alone was
the largest since 1929.
AUTOMOBILE AND RUBBER STATISTICS
United States
Tear and month
F.B.B.
index, Total
ad-
jus ted i
Passenger
cars
New passengercar sales
New i
passenger
car
regisAdUnadtra- ; Justed justed i
tions
Automobile
exports
Automobile production
Canada
Taxi- Trucks
cabs
Total
Passen- Trucks
ger
Pneumatic
tires >
Crude rubber
Do-
Production
Do- mestic
con- Immestic
ship- sump, ports
ments tion,
total
World
stocks,
end of
month
Month-
ly average,
1923-
Monthly average,
1929-31 = 100
Number
Thousands
Long tons
Thousands
25=100
1929:
1930:
1931:
1932:
1933?
1934:
December
December
December
December
December
,_ _
January
February
March
April
May
June.
._
July
August
September.. .. _
October
November
December
Monthly average:
1929
1930
1931
1932 _.
1933
1934
120
156
122
107
81
91
121
97
86
49
1,483
1,425
1,144
291
1,299
27, 513
33, 443
23, 644
21, 204
29,776
5, 495
5,622
2,432
2,139
3,262
13, 831
9,096
5,753
2,757
3,066
10,910
5,102
3,333
2,221
6,460
138, 732
96, 054
77, 564
45, 683
58, 624
56
71
78
85
78
82
78
61
51
41
37
105
157
232
331
355
332
308
267
235
169
132 !
78
183 i
113
188
275
289
274
262
224
184
124
85
46
128
321
27
16
1
0
0
0
0
0
0
6
115
43, 255
44, 041
56, 525
65, 714
57, 887
46, 213
42, 708
51, 310
44, 962
47, 988
32, 909
55, 128
6,904
8, 571
14, 180
18, 363
20,161
13, 905
11, 114
9, 904
5, 579
3, 780
1,697
2, 732
3,685
8,872
16, 141
16, 509
16, 058
18, 071
17, 621
12, 522
10, 236
8,040
9,208
8,279
7,573
6,039
10, 076
10, 756
8,612
6,816
6,338
7,305
7,530
7,512
7,072
7,141
61, 242
94, 887
173, 287
222, 900
219, 163
223, 642
228, 760
193, 828
146, 931
140, 880
107, 648
74, 050
135
85
60
35
48 ,
69
447
280
199 ;
114
160 i
232
381
231
164
95
131
182
1,466
745
503
93
364
41
64, 252
21,941
47, 603
12, 849
34, 721 ' 6, 885
19, 599 ! 5, 068
28, 879
5, 494
49, 053
9, 741
28, 287
12, 756
6,871
3,453
5,376
12, 104
16, 397
7,043
4,021
2, 080
3,626
7,731
65
85
66
60
45
1
Adjusted for seasonal variations.
:
;
!
i
I
2
1
323, 354
218, 832
159,013
91,367
124,483
157,268
i
!
!
i
1
i
;
j
!
i
'•
65.1
46.9
34.5
19.3
17.3
113.0
82.5
60.5
34.0
30.5
2,446
2,251
2,115
1,586
2,466
2,448 21, 178
2, 550 19, 774
2,171 19, 696
1,405 ! 15,631
2,726 25,306
43, 232
37, 370
53, 818
32, 016
40, 751
371,425
486, 928
619, 906
621, 078
644, 898
22.8
45.7
68.4
87.9
78.1
84.6
73.9
63.1
51.9
47.3
39. 2
27. 1
33.5
54.5
64.5
59.0
55.5
63.5
67.0
56.0
53.0
59.0
63.0
48.0
3,804
4,205
5,025
4,627
4,323
4,212
3,252
3,427
2,848
3,188
3,241
3,605
3,043
3,106
3,966 1
4,212
5,049
4,956
3,954
4,091
2,993
2,834
3,026
2,931 |
35,159
36,548
43, 329
40,902
39,571
36,620
30, 035
30,312
27, 317
28,526
31,358
32,996
49, 088
35, 220
42, 253
45, 175
49, 901
48, 748
42, 674
32,700
32, 010
29, 240
37, 212
18, 171
643, 355
652, 690
653, 000
647, 993
659, 865
660, 699
672, 312
663, 761
668, 814
669, 557
672, 852
670, 000
4,581
3,398
3,249
2,672
3,020
3,813
4,432 35,235
3,402 28,567
3,217 26,756
2,617 ! 24,006
2,865 29, 412
3,680 ! 34,389
46, 985
40, 544
41,816
34, 556
34, 909
38, 533
306, 541
434, 996
549, 360
611, 240
623, 989
661,242
144. 1
93.0
62.9
35.5
43.3
57.5
See note on p. 51. December 1934 figures are preliminary.
13
SURVEY OF CURRENT BUSINESS
February 1935
Forest Products
principal southern ports during December were the
largest since July 1933 and tended to increase the
abnormally high stocks held at the end of November.
Turpentine receipts during the month declined slightly.
Stocks, however, increased to the highest level since
December 1931.
Production of paper and paper products declined
during December, partly due to seasonal influences.
There was a marked decline in the output of paper
boxes and also of paper and pulp. The newsprint
industry was an exception to the general trend in the
United States, while Canadian production of newsprint held close to the high November rate.
The demand for newsprint was influenced by the
desire of publishers to increase their stocks in anticipation of the increase in price to $42.50 a ton, effective
on January 1, 1935. Many individual mills were reported to be working at capacity in December in
order to make deliveries prior to the first of the year,
Shipments of newsprint from Canadian mills declined slightly in December below the November total,,
but shipments from United States mills increased. In
both instances, shipments were in excess of production
with the result that there was a large reduction in mill
stocks. This movement, however, reflected the transfer of stocks from producers to the consuming industry,.
the past month there has been a subDURING
stantial gain in the volume of new orders and
shipments of lumber. In the 4 weeks ended January
19, weekly orders were in excess of the cut by 93, 72,
54, and 40 percent, respectively. Shipments were
also considerably in excess of production during this
period, the latter being held at approximately the
same level as in the corresponding period a year
earlier.
The marked rise in the volume of incoming business
has been due in part to commitments made following
the suspension of the minimum price provisions of the
lumber code during December. A year earlier when
the minimum price provisions of the code were placed
in effect, the opposite effect was evident for a time.
Wholesale prices of lumber for the month of December
averaged the same as in the preceding month, 81.2
percent of the 1926 average, but since the middle of
that month, lumber prices have declined.
Lumber finishing operations were at a higher level
in December than in the preceding month, while operations in the furniture manufacturing industry also
expanded.
Activity in the naval-stores industry has remained
quiet during recent weeks with much hesitancy evident
in forward buying. Receipts of rosin at the three
FOREST PRODUCTS STATISTICS
Car loadings « ||
Lumber production
Year and month
Total Dougadjustlas
ed i
fir
Monthly average
1923-25=
100
sout*-™pine
Dta* hard
wood-
U nadjust ed
Tur;
i
FurTurUnad-l Adniust
turc
Fur- Saw- penand
Just
» """f' rosin
ed - i Jedi '
adnitine
lusted i unad-' ture mills and
|
justed i jusieu
!
rosin
justed
t
1!
rv»K
fn?.Vik
?ed"
™awooa
Sffi- EE
1030
1931
1932
1933
1934
85
45
28
23
32
261
167
103
82
111
34
29
38
33
33
31
29
36
32
29 i
26
29
109
132
151
153
132
77
70
144
141
129
123
91 !
64
41
"328
"245
'171
"98
o 137
"124
25 ;
32
32
.
157
78
75
96
210
134
86
49
135
31
23
15
13
17
106
112
124
117
118
108
99
99
98
102
96
79
124
128
120
135
116
146
116
101
105
98
90
86
20
23
25
24
26
26
21
26
25
28
26
300
201
126
76
38
226
132
93
104
105
i Adjusted for seasonal variations.
114
Consumption
Imby
ports
publishers i
Monthly average, 1923-25=100
Millions of feet, board measure
i
1929: December
1930: December
1931: December
1932: December
1933: December
1934:
January
February
March
April
May
June
July
August
September
October
November.. ..
December
Monthly average:
19°9
Newsprint
Pay rolls
Employment
Production
Short tons
i
!
!
i
!
I
i
;
i
i
1
i
!
!
;
18
12
14 !
34
1
65
43
25
18
26
80
104.3
52 76.6
30 67.4
22 :' 54.4
31 i 63.8
85.4
52.9
29.9
25.1
34. 0
76.1
73.7
107.7
105.2
66.2
50.9
31.5
40.1
87.8
40.9
19.1
11.8
20.0
26
31
33
33
35
34
30
31
31
31
29
28
30
30
32
31
33
33
30
29
30
30
30
32
62.2
63.0
64.1
63.0
i 64.5
i
64.7
' 64.9
62.8
63.0
j
61.2
,
60.7
62.9
32.1
32.7
33.7
34.5
35.6
34.2
33.1
33.0
33.0
33.3
32. 6
32.2
97.8
98.6
101.4
101.2
102.4
98.6
97.3
98.3
96.2
89.3
92.4
92.9
35.3
40.5
41.1
40.3
40.5
41.2
39.3
42.7
44.6
47.2
44.5
45.9
17.4
19.1
20.7
22.5
24.2
23.2
20.9
22.1
22.3
22.6
21.3
20.0
i !.
87.6
07. 8
41.2
20. 2
28. 0
33.3
126.0
114.0
80.7
59.2
34.8
30.3
41.9
90.7
67.6
33.6
14.2
16.0
21.4
87
64
40
24
29
31
'
._
I
1
Ill 9
89 2 .
73.9
57 9 i
61 4
63.1
88.6
71.9
83.0
97.2
194, 907
166, 645
160, 146
132, 761
148, 427
50.4
51.7
46.2
53.7
140, 955
153, 958
156, 721
160, 815
51.0 i
50.3
51.3
52. 2 :
45.1
47.9
50.2
154, 175
150, 500
145, 095
200,004
197, 227
171, 390
74, 017
79, 971
168, 372
201, 146
194, 392
165, 48G
222,897
80, 562
74, 851
79, 777
98.2
190, 244
176, 501
164, 142
201, 892
189, 971
172, 053
149. 344
149, 402
116,023
51.4 ;
47.5
32.7
36.3
50.1
193,088
151,900
172,287
141,320
130, 744
159, 417
:•
Of forest products.
117,790
35.2
32.4
48.9
1 months' average.
230, 579
194, 144
108, 087
135,430
168, 787
168, 752
124, 584
168,839
196, 490
204, 036
159,944
184,142
99, 443
93, 788
79, 899
80, 895
84,897
71, 544
84,966
80,605
89,726
82,260
74,120
106, 864
96, 453
84, 049
78, 865
79, 766
14
SURVEY OF CURRENT BUSINESS
February 1935
Iron and Steel
iiT the iron and steel industry
OPERATIONS
expanded rapidly during December and January
in response to the heavy demands for finished steel
from a number of major consumer industries. By the
week ended January 26, the rate of steel ingot production had advanced to 50 percent of capacity, a rate
generally regarded as providing a profitable basis of
operation for the industry as a whole.
The automobile industry has released the largest
tonnages since early 1930, and many sheet and strip
mills are reported to have a substantial volume of
orders on hand and to be pushed to meet current
demands. Agricultural implement makers, sanitary
ware manufacturers, and miscellaneous outlets were
among other large purchasers. Two important customers, the railroads and the construction industry,
have placed relatively few orders.
Steel-ingot production in December, at 35 percent
of capacity, was up more than a fifth as compared with
the preceding month. December shipments of finished steel by the leading producer were 14 percent
above the November total and a much larger increase
is anticipated for January. The number of pig-iron
furnaces in blast had increased to 69 by the end of
the year and more were lighted during January.
Machinery manufacturers are among those requisitioning increased quantities of steel. The improvement in machinery lines is evident from the sharp rise
in orders for machine tools during December. This
demand was extensive and well distributed. Domestic business reached the highest volume of any month
since 1930, while there was substantial gain in foreign
business also. The volume of machine-tool orders for
the year 1934 was equal to about 61 percent of the
average for the preceding 15 years.
Figures on finished steel consumption for the year
1934 reveal some shifts in the relative position of
major consumers, although the automobile industry
with one-fifth of the total continued as the leading
outlet. The railroads and building industry contend
for second place with consumption estimated at from
11 to 13 percent of the total, while metal containers
are in fourth place after placing second in 1933.
Exports accounted for approximately 5 percent of the
reported consumption. Purchasers of steel rails,
spurred by substantial Government loans to the railroads, more than doubled as compared with 1933.
Awards for structural shapes and reinforcing steel
improved only slightly over 1933.
During the past year there was no expansion of any
importance in the ingot capacity of the industry, but
a marked increase in finishing mill capacity occurred.
Sheet and strip mills, with an annual capacity of
nearly 1,000,000 tons, were completed, according to
trade sources, and an additional 2,000,000 tons is
reported to be under construction.
IRON AND STEEL STATISTICS
General operations
Year and month
EmProduc- ployPay I
tion, ment, rolls, EX- Imunad- ports ports
adadjusted i jus ted i justed
Monthly average,
1923-25=100
1929: December
_.
1930: December
1931: December
1932: December
.
._
1933: December
1034:
January
February
March
April —
_
May
June
July
August
8flpt6Tnher
October
November
December
. -Monthly average:
1929
1930
1931
1932
1933
1931
Iron and
steel
Pig iron
Production
Furnaces
in
blast
Thousands of long
tons
Number
1
Steel ingots Steel sheets » United
Prices
States
Steel
CorpoSteel
ration, Iron
Steel Finished
ProNew Ship- finished
and billets,
scrap
Bessesteel,
prodduc- Perorsteel,
commer (Chition cent ders ments ucts,
com-3 (Pittscago)
posite
shipof
posite burgh)
ments
capacThou- ity
Dollars
sands
Thousands of
Long
Dollars per long ton
per 100
of long
tons
short tons
pounds
tons
95
63
42
28
60
98.4
78.7
62.3
50.1
67.6
96.1
6£.6
40.8
24.6
43.7
215
102
57
54
185
48
2,837
41
1, 666
26
980
29
546
31 i 1, 182
157
95
56
42
75
2,903
56
63
66
76
84
85
47
38
37
41
48
64
64.9
66.4
69.1
71.5
74.3
76.3
71.4
68.8
65.4
65.6
66.4
67.7
41.1
45.7
51.3
56.8
61.3
62.6
47.6
45.5
41.1
42.8
44.2
47.7
178
151
261
202
242
219
233
243
301
220
299
283
23
25
38
27
29
25
18
32
24
20
35
20
1, 215
1, 264
1, 620
1, 727
2, 043
1, 930
1, 225
1,054
898
951
957
1,028
87
89
96
110
117
89
75
62
62
65
59
69
1, 971
2,183
2,761
130
94
60
31
53
59
102.6
89.2
69.6
53.3
58.6
69.0
107.8
85.7
55.0
29.1
36.2
49.0
253
165
81
50
112
236
62
45
35
32
35
26
3,524
203
148
88
52
71
82
iAdjusted for seasonal variations.
2,617
1,523
724
1,101
1,326
1, 980
1, 301
861
1, 799
2,898
3,353
3,016
1,473
1, 363
1, 252
1,462
1, 589
1, 941
4,526
3, 274
2,099
1,110
1,883
2,105
> Black, blue, galvanized, and full finished.
59
38
24
15
33
235
233
100
77
110
179
144
103
67
112
33
41
46
53
56
53
27
23
23
25
28 1
35
209
184
158
272
246
115
73
66
77
103
133
131
147
201
184
241
302
85
78
73
95
109
89
63
38
20
34
37
317
223
150
88
125
321
218
158
91
125
8
579, 098
351,211
227, 576
600, 639
331,777
385, 500
588, 209
643, 009
745, 063
985, 337
369, 938
378,023
370, 306
343, 962
366, 119
418, 630
968, 691
639, 729
331, 172
483, 770
493,823
35.43
31.69
29.90
28.28
31.01
34.60
30.60
28.80
26.00
26.00
12.50
10.00
7.80
5.25
8.94
2.50
2.19
2.16
2.14
2.31
31.15
31.30
31.38
32.67
32.97
32.96
32.32
32.24
32.15
32.10
32.15
32.39
26.00
26.00
26.00
26.75
29.00
29.00
27.40
27.00
27.00
27.00
27.00
27.00
10.50
11.00
12.13
11.75
10.95
9.75
9.55
9.19
8.50
8.75
9 25
io!si
2.31
2.31
2.31
2.40
2.53
2.53
2.46
2.44
2.44
2.44
2.44
2.44
36.09
33.37
30.90
29.05
29.22
32.15
34.66
31.84
29.36
26.52
26.00
27.10
14.79
12.06
8.89
6.25
8.05
10.14
2.54
2.32
2.20
2.15
2.16
2.42
See tabl-> on p. 19 of the January 1935 issue.
SURVEY OF CUREENT BUSINESS
February 1935
15
Textile Industries
November. The sharp rise in the seasonally adjusted
index of production was influenced by the trend of
silk consumption and the increase in activity in the
woolen industry. Nevertheless, the pay-roll data indicate rather wide-spread gains for the month in the
fabric industries. Pay rolls in the wearing-apparel
industries declined in reflection of the seasonal reaction
in production.
Sales of cloth improved in December, resulting in
some increase in accumulated orders at the year end.
Cotton gray goods sales were substantially higher than
production, and unfilled orders increased to the
highest level since last March. Silk piece-goods
business also improved and, with production varying
only slightly from the November rate, there was
some reduction in stocks. Sales in the woolen industry indicated a continuation of the recent improved
trend of demand for such fabrics.
Increases in machine activity in the woolen industry
were particularly sharp during December. Woolen
and worsted spindles were operated at a higher rate
than in any previous month of 1934, and also at a
higher rate than in the same month of other recent
Production index, adjusted i
TEXTILE
Tear and month
Monthly average,
1923-25=
100
1929: December..
1930: December
1931: December
1932: December
1933: December.
1934:
JanuaryFebruary
March
April
_
May
June ...
-July
August September
October
November
December.
Monthly average:
1929
1930
1931
1932
1933
1934
1
__
__
_
-_
Cotton,
raw
i
a
il
s
Running
bales
Cotton and manufactures
s
1*5
£
I
I
t
jft
Cotton cloth
finishing
*
wi
Sfl
V
-9
o
C
2»<*«_rt
2
-.8 jl
S"
Millions of Thousands of
spindle
yards
hours
years, not excepting December 1929. Weaving activity also expanded to a marked degree, although
there was very little change in operations of narrow
looms.
Viewing the year in retrospect, activity in each of
the major lines declined from the 1933 levels with the
exception of the rayon industry. The cotton industry, however, operated at a much higher rate than did
either the wool or the silk industries. A strong upturn appeared in the wool industry in October.
Consumption of raw cotton in 1934 while 13 percent below that for 1933, was slightly above the
average for the 1930-32 period. Similar data for the
wool and silk industries indicate a close approach to
the 1932 depression low for wool consumption and a
new low since 1924 for silk deliveries to mills.
In contrast to the declines in the cotton, silk, and
wool industries during 1934, the production of rayon
established another yearly record. Output was estimated at 210,331,000 pounds, an increase of 73
percent as compared with 1929. Mill consumption
of rayon was estimated to be about 4 percent less than
in 1933, the difference of about 11,000,000 pounds
(less 2,500,000 pounds exported) representing an addition to stocks. This increase, however, resulted in a
better balance of stocks than existed at the end of 1933.
STATISTICS
Wool
fl
Wool manufactures
Spinning
spindles
|
3
on
1
Month- Thouly avsands
erage,
of
1926= pounds
100
I I
452, 685
405, 518
415, 401
440, 439
347, 524
6,768
5,924
5,957
6,386
5,080 86, 517 137, 661
96.2
75.6
56.4
51.7
85.6
37, 802
30, 007 !
31, 625 ;
36, 532 j
33, 570
61
45
87
91
94
90
88
77
78
81
64
90
87
97
508, 021
477, 046
544, 870
512, 594
519, 299
363, 262
359, 951
420, 949
295, 960
520, 310
477, 060
413, 535
6,973
6,692
7,706
7,259
7,268
5,241
5,152
5,753
3,716
7,185
6,703
6,027
99,901 106, 280
104, 920 104, 949
131, 426 99, 614
122, 951 106, 388
114, 803 107, 128
35, 968
126, 384 108, 830
114, 139 111, 758
107, 006 107,585
86.5
88.6
89.1
88.2
86.3
86.0
85.1
86.4
87.8
86.6
84.4
84.3
115
91
94
83
97
85
587, 491
448, 149
453, 655
418, 084
517, 550
8,325
6,390
6,484
5,855
7,215
6,306 104,671 106 872
98.8
84.7
66.1
54.0
71.2
86.6
451,071
Adjusted for seasonal variations.
84, 499 101, 057
90,772 101,083
1
Printed only.
£
1
£
Percent of active hours
to total reported
99
90
88
91
78
83,414 118,034
75,833 109, 756
Looms
Wholesale price,
woolen and worsted
goods
IXED trends were evident in textile manufacM
turing during December, but operations for the
industry as a whole were at a higher level than in
Silk
i
1
I
54
46
44
58
57
85.2
73.9
63.9
54.2
84.3
44, 159
55
54
53
26
25
33
27
36, 119
29, 889
28, 213
26, 213
27, 254
28, 495
23, 467
34, 065
44, 858
70
76
75
70
68
71
71
72
45
63
66
77
52
48
44
39
40
29
31
26
21
35
48
70
34
39
38
40
41
30
26
24
18
34
29
28
67
69
66
55
56
64
53
51
28
45
48
68
84.3
84.3
84.0
82.0
81.0
80.8
80.7
78.9
78.0
74.9
74.1
74.0
40,942
39,021
44,080
48, 797
35, 842
42, 812
32, 127
43, 302
78
56
57
50
72
69
67
54
62
60
64
40
61
41
38
27
41
32
256
88.3 51,646
79.0 ; 48,519
68.2 i 49,574
57.7 46, 152
69.3 39, 119
79.8 I 38,476
34,348
57,065
33,830
50
67
55
•o
M*
fig
5 il1 "59
:i
II
£ i ««
$$g
!!!
ra
"3 £3
|g£
Monthly av- Bales of Percent of active hours Dollars
erage, ! 133
per
to total
1926= 1 pounds
pound
100
57
52
48
57 !
46
39
Operations, machinery activity
» Grease equivalent. See note on p. 64.
55,424
48,432
40,548
26,959
37, 392
38,740
33,069
32,021
36,247
32,599
49,106
37,548
40,941
4.580
2.709
46.2
29.1
39.2
1.970
1.550
1.416
52.8
64.3
62.3
54.9
37.9
45.8
42.7
41.7
25.0
48.1
32.0
37.0
36.6
35.8
30.0
24.5
24.2
56.0
62,5
59.7
48.6
31.5
40.0
41.6
40.3
28.0
43.2
44.4
46.5
1.453
1.650
1.405
1.318
1.284
.199
1.139
.133
.125
1.185
.292
1.358
45.2
3.415
2.401
1.561
1.610
1.287
4.933
< Twisting spindles.
16
SURVEY OF CUERENT BUSINESS
February 1935
Wholesale Commodity Prices 1929-34
By H. Gordon Hayes, Chief, Division of Economic Research
RICES tie together—or keep apart—the multiP
tudinous elements in our complex economic life, if
one includes in the category of prices not only the
prices of commodities but also security prices, wage
and interest rates, rents, royalties, commissions, and
other similar payments. Within the complex relationships of our economic society, certain forces tend to
produce price relationships that will promote or
maintain prosperity while others tend to induce or
prolong depressions. Which of these groups is in the
ascendency at any particular period of time depends
on the peculiar circumstances that prevail, and the
ensuing results are of grave importance in terms of
economic welfare.
The price relationships that prevailed in the latter
part of the decade of the 1920's were such that prosperity could not continue and various aspects of "bad"
business became increasingly apparent in the latter
part of 1929. Instead of the imbalance that prevailed
being corrected, maladjustments became more and
more pronounced during the following 3 years. These
maladjustments prevailed throughout the entire price
structure and a full description and analysis thereof
would be very timely. Limitations of space, however,
confine this article to a summary statement of the
price movements of commodities at wholesale as reported each month by the Bureau of Labor Statistics
of the United States Department of Labor. These
series of 784 items are combined into an index and,
also, are classified, or grouped, into various divisions
for which indexes are computed.
These indexes are subject to the limitations that are
necessarily involved in making a selection of items to
be included, and of the weights to be assigned to each
one. Further, the price data may not in some cases
be strictly accurate because of discounts allowed on
reported prices, and changes in the quality of the
articles included. The data may, however, be accepted
as indicating the trends of wholesale prices. These
indexes are computed on the basis of the corresponding
prices in 1926 being equal to 100, but since the present
purpose is to review price movements during the 5
years, 1930-34, the indexes have been shifted to a
1929 base.
The Decline from 1929 to the Spring of 1933
The outstanding fact in the price history of the
3% years following the summer of 1929 is the almost
unbroken decline month after month. There were
only 5 months in the 44-month period, July 1929 to
February 1933, inclusive, in which the composite
wholesale price index did not decline, and only 3 of
these, July-September 1932, were consecutive months.
The index at the close of this period was 38 percent
below its position at the beginning. Certain commodity prices, however, and many noncommodity
WHOLESALE PRICES OF FARM PRODUCTS, FOODS, AND OTHER COMMODITIES
1930-(934*
INDEX
1929-100
120
COMMOD/T/ES OTHER THAN FARM PRODUCTS-AND FOODS
1933
BUREAU OF LABOR STATISTICS
Chart 1
i
1934
D.D.8294-B
table, which was compiled by the Bureau of Labor
Statistics. The prices of 27 of the 784 items increased
during the period indicated, 42 were unchanged (were
the same at the close as at the beginning of the period),
and 48 were down less than 10 percent, while 78 items
were from 60 to 90 percent below their June 1929 levels
in February 1933.
The distribution by groups of the 42 items with no
change in price over this period shows 14 to be in the
chemicals and drugs group, 13 in the metals and metal
products group, 7 in the building materials group, and
4 in the house-furnishings group. Among these 42
items whose prices were the same at the close as at the
beginning of this period, several were unchanged in
price during every one of the 44 months included, while
for some items, prices had not changed since 1921.
This was true of augers and of bone black. Other
items in the group with unvarying prices during the
time of the general decline are chisels, carvers, bar
iron, corn pickers, wrapping paper, plaster board,
snuff, carbon dioxide, calcium carbide, and corn flakes.
Thirteen of the 27 items whose prices advanced
from June 1929 to February 1933 were in the chemical
group and 4 were in the metals and metal products
group. Two farm products were in this class, hops
and New York white potatoes, and one food item,
bread, in San Francisco.
The behavior of the chemical prices is especially
noteworthy. Of the 89 items included in the index of
chemical and drug products, the prices of 27, or almost
one-third of the total, either advanced or remained
unchanged, and the prices of 21 fell only from 10 to
20 percent during this period. Prices of metals and
prices, fell but little and in some cases actually advanced, which undoubtedly contributed to the general
decline by intensifying the degree of imbalance in the
price structure.
Chart 1 gives a graphic presentation of the movement of the index of the 784 price series and of the 3
indexes of farm products, foods, and other commodities. The declines of these 3 group indexes were
approximately 60 percent, 46 percent, and 28 percent,
respectively, from the 1929 average to February 1933.
These same data combined into 3 classes, raw materials,
semimanufactures, and finished products, chart 2,
show declines for the period under review of approximately, 50 percent, 40 percent, and 30 percent,
respectively.
Another classification of the Bureau of Labor Statistics series is given in chart 3, showing the 10 commodity groups arranged according to the degree of
decline in the different groups. As shown therein, the
prices of three groups, metals and metal products, house
furnishings, and chemicals and drugs, declined slightly
less than 25 percent from 1929 to the lows which were
reached in the early part of 1933, and the prices of
building materials only a little more than 25 percent,
while the prices of farm products as already noted fell
about 60 percent, and food prices more than 45 percent. This chart also indicates that while the depression low was reached in February by the combined
commodities and by 5 of the groups, the low for the
other 5 groups was reached somewhat later.
The disparities that have been noted in the classes
and groups of commodities were also pronounced
within the groups as is shown in the accompanying
WHOLESALE PRICES OF RAW MATERIALS, SEMI-MANUFACTURES. AND
FINISHED PRODUCTS. 1930-1934*
1ND EX
120
100
17
SURVEY OF CURRENT BUSINESS
February 1935
1929=100
f/N/SH£D
PRODUCTS
"•*«£'"*"""•%.
80
>v
•-^
:
* "^
^-***^
^**^^
60
SEMI-MANUFACTURED
PRODUCTS
-f
;;;•-•/-
'
^..— -M* — •—*•*"*•*•—
—^ '
^/^
A AW
MATERIALS
^
40
<
>
01
_t
I
1 _l
t
1 1 i
t
1930
109756—35
I
t
i i i t i I i i i i t
, ,., , i it , ,,
1931
1932
# BURE^ U OF LABOR STATISTICS
Chart 2
3
<
>
I
1933
,
,
.
.
.
!
,
,
,
,
.
1934
D.D.8294-C
18
SURVEY OF CURRENT BUSINESS
metal products were also relatively rigid during the
general price decline. Thirteen of the 130 items were
unchanged in price, 4 advanced, and 59 declined less
than 20 percent.
Number of Articles, by Groups of Commodities, Changing Each Specified
Percent from June 1929 to February 1933 1
Percentage change
i
Decrease:
Under 10 percent
10 percent and under
20 percent and under
30 percent and under
40 percent and under
50 percent and under
60 percent and under
70 percent and under
80 percent and under
No change
Increase
20 percent 30 percent - _
40 percent 50 percent - 60 percent _ _
70 percent. _
80 percent _ _
90 percent .
Total
.
1
6
8
1
3
2
6
16
30
39
12
2
1
1
1
67
122
8
31
13
2
4
6
,T
9
6
7
8
21
31
4
3
31
9
2
4
1
41
Fuel
and
light-
112
2
2
6
1
1 1
1
4
9
94
"
Build- Chemi- House- Misceling ma- cals and furnish- laneous
terials
drugs ing goods
Percentage change
Decrease:
Under 10 percent
10 Dercent and under
20 percent and under
30 percent and under
40 percent and under
50 percent and under
60 percent and under
70 percent and under
80 percent and under
No change
Increase
_.
Total
-
Hides TexFarm
and
tile
prod- Foods leather products
products
ucts
|
- __
20 percent...
30 percent- _
40 percent..
50 percent-. _
60 percent—.
70 percent
80 percent- _
90 percent--. ...
5
2
9
3
1
13
4
130
Total
7
11
20
9
13
48
123
108
20
10
2
4
13
4
2
10
5
4
3
120
110
128
51
14
13
89
4
1
86
21
38
24
9
21
5
4
21
i>()
16
Metals
and
metal
products
61
3
3 1
52
20
42
27
784
Bureau of Labor Statistics, Report No. 132.
Combining the items that increased in price during
this period with those whose prices were unchanged,
it is found that of the 69 items in this category 27 were
chemicals or drugs, 17 metals or metal products, and 9
building materials. The items in these 3 groups thus
represent almost 80 percent of the items whose price
behavior was in sharp contrast with the general trend
during the 44-month period under review.
The Volume of Production
A fundamental reason for the relatively greater
decline in agricultural prices than in the prices of
finished goods is that the volume of production in the
one field was curtailed but little, while it was greatly
reduced in the other. The Bureau of Agricultural
Economics estimates that the physical quantity of
agricultural output of the country in 1929 was 9 percent
above the average output for the years 1919-27, 12
percent above that average in 1931, and 4 percent
above that level in 1932. In sharp contrast to this
trend of agricultural production, the physical volume
of manufacturing output, according to the Federal
Reserve Board's index, fell from 119 percent of the
1923-25 average in 1929 to 63 percent of that average
in 1932.
Whereas, in agriculture the physical output in 1932
was approximately the same as in 1929, in manufacturing the physical output in 1932 was only a little
February 1935
more than half of the output 3 years earlier. If
attention is directed to certain lines of manufacture
the contrast with agriculture becomes far more pronounced. The output of automobiles, iron and steel,
cement, and lumber in 1932 was 74 percent, 76 percent,
55 percent, and 73 percent, respectively, below that
in 1929. The self-employed farmer and his family
maintained the agricultural output of the country near
the peak levels during the 3 years, 1930-32, while
the manufacturer dismissed large numbers of his employees and greatly reduced his output.
The Price Recovery
The rise which began in the general list of prices in
March 1933 has been almost continuous during the 22
months ended December 1934, there having been only
4 months in which the combined index did not advance.
The gain during this time represented a rise of 29 percent from the February 1933 low. During the first S
months of this period the rise was especially pronounced, the index advancing approximately 20 percent, or two-thirds of the gain for the entire period.
Prices of farm products rose more sharply than did
the prices of other products, the increase amounting to
76 percent. The prices of foods rose 40 percent during
the period under review and the prices of commodities
other than farm products and foods 20 percent. The
prices of metals and metal products and of chemicals
and drugs, 2 of the 3 groups that showed the least
decline, rose about 10 percent. The three economic
classes, raw materials, semimanufactures, and finished
goods registered price gains of approximately 50 percent, 25 percent, and 20 percent, respectively, during
these 22 months.
An interesting situation is observed if the recovery
in prices is measured in terms of the percentage of the
decline that had been regained by December 1934, as
is indicated on chart 3. Commodities, other than farm
products and foods, and the two groups, farm products
and textile products, had recovered approximately 50
percent of their price declines by that month. This
was also true of the two classes, raw materials and
finished products. Building materials and the fuel
and lighting group were at the bottom of the list in
this classification, having recovered only about 40
percent of their decline and chemicals and drug
prices were at the top of the list having recovered 70
percent of the decline which they experienced from
1929 to the depression low.
The price movement in the three classes, raw materials, semimanufactures, and finished goods, during
the recovery period shows an interesting divergence
as respects semimanufactures, as is indicated in chart
2. The percentage increases of raw material and
semimanufactures were practically identical from the
February 1933 low to September 1933. Since then
the prices of semimanufactures have declined almost
February 1935
SURVEY OF CURRENT BUSINESS
continuously while the other two series in this classification have advanced. The 1934 rise in prices of
raw materials is largely attributable to the increase in
the prices of farm products.
Factors Influencing the Price Rise
In analyzing the factors that contributed to the
price rise from February 1933 through December 1934
attention should be called to the two periods, March
to October 1933, and the subsequent 14 months.
During the earlier of these two periods, the price
advance was not limited to any of the groups, but
during the later period combined index for commodities of other than farm products and foods remained
practically unchanged.
The sharp and general rise in the 8 months, MarchOctober 1933 is one aspect of, and may be partly attributed to, the marked improvement in business
which took place during that period and the accompanying and resulting purchase of goods. The unadjusted index of industrial production, as compiled
by the Federal Reserve Board, rose from 60 in March
to 78 in October, a gain of 30 percent, having reached
95 in July, and pay-roll disbursements in factories,
without adjustment for the usual seasonal variations,
as reported by the Bureau of Labor Statistics, increased
during this period from 37.1 to 59.4 of the 1923-25
average, a rise of 60 percent. The National Industrial
Recovery Administration influenced the business improvement during this period, and especially encouraged the sharp rise which culminated in July, as business men speeded up production in anticipation of an
increase in wages. Many of the codes also contributed
to price increases or, at least, to the maintenance of
established prices.
The emphasis of the administration on an increase
in prices and the ensuing belief that monetary inflation would be undertaken stimulated speculative
buying and hastened the price rise. The suspension of
gold payments in March 1933 and the decline in the
foreign exchange value of the dollar in April and the
following months contributed directly to a rise in the
prices of imports and of raw material exports and may
be expected to have had some effect on the prices of
closely related products. The policy of Government
expenditure for relief and recovery, and the resulting
increase in buying power, tended further to augment
the price increase.
The rise in the general index since October 1933,
wilich is accounted for by the rise in the prices of farm
products and foods, if all the other groups are combined, is largely attributable to the policy of crop
curtailment, including the imposition of processing
taxes and marketing agreements and to the severe
drought of the summer of 1934. Another factor has
been the liberal crop-lending policy of the Government.
The relief policy and expenditure for public
19
works has also been a factor in raising these prices and
in sustaining the prices in the combined groups of
other than farm products and foods.
Present Price Disparities
It is apparent, from a glance at the charts, that the
marked disparities in the price structure in the early
part of 1933 have been substantially lessened. Considerable disparities still exist, however. As compared
with 1929, building material prices were in December
only approximately 10 percent below the 1929 levels,
while farm products prices were more than 30 percent
below that level. As related to the 1926 base, as shown
on page 5 of this issue of the SURVEY, the prices of these
groups were much more uniform in December 1934
than if compared with the 1929 prices. On that base,
the prices of farm products were above the prices of textiles and miscellaneous products and were only slightly
below the prices of fuel and lighting items. The group
DECLINE OF WHOLESALE PRICES BELOW THE 1929 AVERAGES
OF THE TEN GROUPS OF COMMODITIESJHE MONTH OF 1933 THAT
MARKS THE DEPRESSION LOW, AND THE POSITION, DEC 1934*
-Z.CL
SK
Q<
,^
<->u
i25
a
o
_j iz
y^
-g <
< ;=5
-
31!
2Q
^9
^5
5gc
•=,<
0
10
-20
-30
-40
-50
-60
-70
* BUREAU OF LABOR STATISTICS
Chart 3
with the highest prices as compared with 1926 was
metals and metal products at 85.9 percent of that base
and textile prices were the lowest at 70 percent.
The price relationships as they prevailed in 1926,
1929, or at any other date, are not necessarily the
relationships that should be restored. This is especially
apparent in respect to the 1929 prices, since price
relationships at that time, using the term broadly,
were such that prosperity could not be maintained,
and since then changes in technique have undoubtedly
been so altered that price relationships which would
have permitted full utilization of our economic resources
at that date would not now secure that result. The
desirable balance within the price structure can be
determined only by trial and error. It seems apparent, however, that the prices of certain of the
commodity groups are still such as to prevent the
degree of coordination that is so essential among the
various elements in the economic society.
20
SURVEY OF CURRENT BUSINESS
February 1935
DEPARTMENT STORE SALES 1
Atlanta
Cleveland 2
Chicago 2
Dallas 2
Minneapolis
New York
Philadelphia San Francisco
Unad- Ad- Unad-! Ad- ! Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- 1[Jnad-i Ad- ! Unad- Adjusted justed justed \ justed justed justed justed justed justed justed justed justed j usted justed j justed justed
i
Year and month
i
1923-25 = 100
1929=100
1925-27=100
j
1923-25=100
i
1919 annual index
_ _ _
1920 annual index . _
1921 annual index
1922 annual index
1923 annual index
1924 annual index
1925 annual index
1926 annual index
1927 annual index
_ _ _ __
1928 annual index
1929 annual index
January
February
March
April
May
June.
July
1930
94
113
96
91
101
98
102
106
107 i
107 1
104 i
._
__
75
89 !
92 1
103
96 :
85 i
66
76
93
109
103
151
__!
September.,
October
November _
December
_ »
Annual index
January
February
March
April
May
June
July _
August
September
October
November
December
77
98
I
98
87 _
Q1
87
95
101
100
98
95
101
94
97
99
92
91
89 !
95
99
98
103
108
110
115
117
i
88
84
95
117
109
95
69
81
105
110
103
165
110 •
107
104 i
110 i
107
97
96
101
102
100
93
98
101
99
101
102
103
103
105 i
1
77
82
87
109 !
103
91
69
77
93
100
95
149
102
__J
96 i .
100
104
109
107
109
HO
._
'
_
96
99
98
101
99
95
92
93
93
94
88
89
'
i
!
1
!
i
94
j
79
91
97
104
104
91
68
77
110
112
115
157
i
100
;
75
83
90
95
96
80
58
66
80
89
91
128
!
i
!
!
i
I
!
1931
73
77
89
96
95
83
65
71
77
96
90
132
_
_
_
_
Annual index
January..
_
February
March
April
May
June
_
July
August
September
October
November
December..
1932
87
80
76
88
101
90
87
63
67
84
88
80
131
86
i
i
!
1
i
99
96
93
99
88
89
87
84
81
80
72
78
!
72
74 !
84
97
91
83
63
65 !
76
80
79
123
1
:
!
i
!
1
i
J
91
89
91
92
87
85
83
79
76
75
74
74
!
;
'
!
_ _ _ _ _ _
61
64
69
!
_. |
69
60
47
53
71
79
70
102
78
72
71
72
68
66
68
69
75
67
61
60
|
___ . i
Annual index
49
52
50
65
68
58
50
66 !
74 i
83 i
78
128
57 !
59
67
71
66 1
63
42
48
66
68
64
95
71
74
68
73
65
64
59
60
64
62
58
57
64
70
1933
Annual index
_
1
-_!
1
99
99 !
93
94
99
94
95
92
96
96
91
94
87
74
87
102
100
91
72
80
105
114
90
139
95
90
98
91
100
92
87
83
91
75
77
79
79
86
82
j
80
82
88
i
1
103
104 i .
!
108
i
101
99
100
103
99
94
95
111
108 i
108
108
110
105
103
108
104
103 ;
101 !
100
74
75
79
92
88
83
60
66
78
102
105
146
91
':
97
101
1
i
91
91
91
108
104
101
80
83
105
118
120
172
105
96
100
96
95
89
89
89
87
80
84
83
82
85
68
93
100
89
67
75
87
100
82
122
88
61
60
54
62
67
64
72
85
79
70
69
75
46
43
51
61
66
64
46
62
73
72
66
108 |
57
55
56
57
65
65
64
77
71
66
60
64
i
i
|
!
!
i
55
58
61
69
67
58
42
43
57
62
59
91
!
60
'•
'
i
;
!
1
!
1
i
i
I
fi3 ?
68
__ _
__
59
68
84
83
83
74 !
58 !
70
90
91
91
146
74
78
86
84
82
82
83
90
96
76
80
86
56
57 !
74 1
71
77
72
50
65
79
78
77
124 i
67
81
77
82
96
99
105
111
113
117
119
i
90 1
91
89 j
92 !
90 !
87
82
86
87
89
86
83
99
98
107
111
111
99
89
104
110
111
114
176
111
87
82 ;
85
91
99 '
94
98
72
73
95
105
110
157
100
102 !
102
104
98
102 i
94 !
95
94
92 1
93
91
65
68
79
82
80
79
55
56
67
82
84
125
97 _. . ..
77
116
116
117
114
114
113
109
110
108
107
109
104
80
83
86
84
82
83
64
73
75
72
70
71
!
!
;
i
;
i
i
j
91
88
100
100
101
90
82
94 i
96
96
97
145 I
108
104
107
105
104
102
100
99
93
93
93
85
98
•
43
45
41
67
63
59
48
61
68
68
67
108
70
70
66
66
64
60
56
51
56
58
56
55
!
i
1
i
:
:
55
62
66
66
66
56
42
46
74
78
70
101
55
55
48
60
59
61
64
73
66
64
64
66
62
69
72
75
72
75
73
69
82
76
71
70
74
52
56
71
73
79
70
50
59
71
71
74
122
70
73
66
74
66
70
63
61
60
64
70
68
60
62
65
!
'•
i
1
'
i
i
I
j
'
45
49
52
66
64
55
48
59
69
82
77
128
68
68
77
68
74
72
66
70
68
67
70
74
!
I
i
i
!
!
j
1
!
i
i
57
66
80
76
77
68
53
59
91
85
92
146
70
58
77
81
68
68
45
56
76
83
66
92
!
I
i
1
:
i
!
!
79
78
77
79
67
70
60
65
70
70 i
66 !
62 i
54
58
54
67
61
60
68
81
65
71
66
78
54
44
61 i
72
67
66
47
65
73
79
64
102
61
59
65
67
67
68
61
75
67
66
65 1
69
66 |
68
78
80
81
74
73
76
82
86
74
79
89
61
52
78
70
75
69
47
64
81
85
76
117
70
69
71
76
72
72
57
56
77 i
84 ;
85
121
86
82
78
82
77
75
75
72
75
74
72
70
76
70
66
1934
January
February
__
March
April
May. __ _
June
July
August ._
September
October
November.
December
94
108
104
104
100
99
98
107
104
98
99
96
84
j
Annual index
January
February
March _
April
May
June
July
August...
September
October
November _
December..
92 :
87
93 1
94
94
93
93
91
82
81
79
78
70
91
106
101
99
99
100
105
102
102
99
100
. . 118
98
8
68
74
71
61
74
75
72
77
78
58
60
72
72
73
70 ;
53
60
77
88
89 !
137 |
65
67 :
64 '
69 :
64
61
55
53
58
61
54
55
66
67
66
71
73
72
71
78
74
74
71
74
41
42
44
62
57
56
42
47
61
69
68
105
50
51
50
61
59
59
56
62
68
61
56
60
44
45
64
60
65
64
43
48
59
72
70
115
87
87
81
76
72
75
73
72
73
75
66
68
54
55
54
70
71
65
66
71
74
70
70
131
64
66
59
71
73
74
81
73
72
68
69
76
71
58
72
71
81
77
77
73
71
78
75
77
76
78
73
73
77
72
70
66
59
69
75
77
68
116
75
60
72
69
1
53
56
56
71
68
69
53
60
75
84
84
129
54
55
61
66
63
58
41
41
52
70
66
97
54
55
69
62
67
67
59
63
66
63
58
65
60
62
75
70 I
71 I
65
6C
74
8C
81
83
144
72
74
79
73
73
74
73
76
78
78
81
83
7fi i _
73
63
77
i!
'79
i
!
i
Data computed by the Federal Reserve banks located in the districts listed above. In the Minneapolis district, the index covers the sales of reporting stores in the
cities of St. Paul, Minneapolis, and Duluth-Superior only. The unadjusted indexes with the exception of the Minneapolis district are based on daily average sales, while
the adjusted indexes have been corrected for seasonal variation. These indexes displace the data shown for these same districts in previous issues of the SURVEY. The
indexes formerly carried were computed from percentage changes in sales as reported by the Federal Reserve Board for the period since December 1930 when the F. R. B.
discontinued the computation of indexes by districts. These indexes, based on percentage changes, are being continued for the Boston, Richmond, St. Louis, and Kansas
reserve districts, since the banks in these areas have not computed data similar to the above indexes.
City2 Annual
figures are averages o monthly figures.
1
83
i
21
SURVEY OF CUREENT BUSINESS
February 1935
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1935
ITEM
Jan. Jan. Jan.
26 19 12
Business activity:
86.8 86.1
New York Times**
Business Week*^_
65.1 64.0 61.6
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)
79.0 78.5 78.6
Farm products (67) . . .79.0 76.7 77.2
Food (122)
80.9 79.8 79.7
All others (595)
77.9 77.9 78.1
Fisher's index 1926 — 100'
Combined index (120)
81.6 81.1 80.7
Agricultural (30)
0) 0) 0)
Nonagricultural (90) _ _ (0 C1) (0
Copper, electrolytic]:
63.8 63.8 63.8
Cotton, middling, spot
46.7 46.3 46.7
Construction contracts!
21.2 28.8
Distribution: Car loadings-. 58.0 58.7 57.7
Employment: Detroit, factory
101.4
Finance:
Failures, commercial
63.6 67.3 69.3
Security prices:
Bond pricesj
108.0 107.5 107.9
Stock pricesf
88.2 87.5 89.6
1934
Jan. Jan.
20
27
Jan.
13
1933
Jan. Jan.
28
21
1933
Jan. Jan.
30
23
77.2 77.0 76.3 66.7 67.2 72.3 73.4
65.7 66.3 64.9 54.5 55.1 61.5 63.0 |
72.4
59.5
65.0
78.5
72.3
59.0
64.6
78.6
71.7
58.6
64.2
77.9
60.4
41.3
54.1
67.0
61.2
43.0
56.0
67.6
66.7
51.1
63.1
61.3
78.5
49.0
79.6
58.7
41.9
34.2
58.7
72.1
48.4
79.9
55.8
43.0
46.3
58.6
72.0
48.3
79.2
56.5
40.8
52.9
58.1
55.5
38.5
60.0
34.8
23.2
17.6
49.6
56.4
39.6
60.6
34.8
23.2
18.2
52.1
64.5 65.2
47.5 48.1
67.5 68.4
52.2 52.2
25.0 24.6
21.5
58.4 ~58.~6
83.2
67.6 i
54.6
65.7
62.9
1
!
i
I
69.0
75.1 28.8
1933
1933
1935
1934
Jan. Jan. 1 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan
26 19 ! 12 27 20 13 28 21 30 23
ITEM
77.4 81.8 77.1 172.5 169.8 199.5 210.1
99.2 98.3 95.7 89.7 88.7 89.1 90.2
95.6 93.7 87.5 60.0 59.5 74.4 77.3 i
Finan ce— C on tinued.
Banking:
Debits, outside N.Y.C.J
Federal Reserve reporting member banks: §
Deposits:
Net demand
Time
Loans, total
Interest rates:
Call loans J
Time loansj
Money in circulation}
Production:
Automobiles
Bituminous coalj
Electric power t
Lumber ._
Petroleum J
Steel ingots^
Receipts, primary markets:
Cattle and calves
Hogs
Cotton
Wheat
71.7 78.9| 75.9 61.3 66.0 61.8 53.9 63.1 66.4 77.5
140.2 139.6137.7 109.1 108.7 107.3 98.8 98.6 94.8 95.0
123.7 122.8122.8 121.0 120.4 120.1 124.7 125.8 127.3 128.3
68.2 68.3 68.0 74.8 75.1 75.0 80.3 80.9 102.9 103.5
24.2 24.2! 24.2 24.2 24.2 24.2 24.2 24.2 60.6 60.6
20.1 20.1 20.1 25.8 26.7 26.7 11.4 11.4 85.7 85.7
110.5 111.0111.9 115.4 116.5 117.4 115.7 115.7 115.7 116.0
91.0
80.7
107.0
30. 9
122 0
69.7
88.1 77.6 58.7 44.9 39.6
75.9! 75.0 70.0 70.8 72.2
106.7106.4 96.7 97.5 98.8
32.8! 33.5 34.0 33.2 31.6
121.5121.9 106.7 110.2 110.9
65.8 60.5 44.7 44.7 43.4
86. 8l
52. 7 i
47.3 69.6!
12.9 15. 9j
50.9
56.1
88.2
24.2
96.4
25.0
44.1 37.9 38.5
62.8 62.8 62.5
89.1 95.4 95.9
24.3 26.3 26.4
96.7 104. 2 103.8
23.7 35.5 36.8
81.4 72.9 76.7 76.2 61.1 61.2 60.0 64.3
52.7 107.1 107.5 110.9 82.1 77.1 118.3 103.4
38.5 62.3 70.0 60.8 102.7 111.9 129. 2 122.7
14.6 30.3 25.9 19.2 35.6 41.7 61.6 54.2
" Computed normal = 100. 1 Latest week is preliminary, t Weekly average, 1928-30=100. J Daily average, i Temporarily discontinued.
* Index revised. See weekly supplement of June 1,1933, for explanation. § 1933, 1934, and 1935 indexes are based on reports from. 91 cities; earlier data cover 101 cities.
WEEKLY BUSINESS STATISTICS
ITEM
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York.. ... _ dol. per lb..
Cotton, Middling, spot, New York
dol. per lb_.
Food index (Bradstreet's)
dol. per lb..
Iron and steel composite!
dol. oer ton-Wheat, No. 2 Hard Winter (K. C.)
dol/per bu~
FINANCE
Banking:
Debits, New York City
„
mills, of dolDebits, outside New York City
..mills, of dolFederal Reserve banks:
Reserve bank credit, total
mills, of dol
Bills bought
mills, of dol—
Bills discounted
mills, of dol—
U. S. Government securities
mills, of dol—
Federal Reserve reporting member banks: §
Deposits, net demand.'.
mills, of dol—
Deposits, time
mills, of doL.
Investments, total
_
mills, of dol U. S. Government securities
mills of dol
Loans, total
mills, of dol
On securities
.
. . .mills, of dol_.
All other.
mills of dol
Interest rates, call loans . _ . .
_ - percent—
Interest rates, time loans
percent- .
Exchange rates:
French franc (daily av.)
„
cents- _
Pound sterling (daily av.)
dollars-.
Failures, commercial
number. Money in circulation
.
mills, of doLSectirity markets:
Bond sales (N. Y. S. £".)-_. thous. of dol. par value- Bond prices, 40 corporate issues
...dollars-.
Stock sales (N. r Y. S. E.)
thous. of shares-.
Stock prices (A . Y. Times)
dol. per share _
Stock prices (421) (Standard Statistics)
1926=100-.
Industrial (351)
1926=100..
Public utilities (37)
1926 = 100
Railroad (33)
1926 = 100-PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Cram's estimate)
number-Bituminous coal (daily av.)
thous. of short tons..
Electric power
mills, of kw-hr .
Petroleum
thous. of bbl._
Steel ingots (Dow-Jones estimate) ..pet. of capacity-.
Construction-contract awards (da. av.)— thous. of dol—
Distribution:
Freight-car loadings, total
cars..
Coal and coke
cars
Forest products . _
.___
_ _
cars
Grain and products
_
_
cars..
Livestock
cars
Merchandise, 1. c. 1
cars
Ore
.
..
cars
Miscellaneous
cars
Receipts:
Cattle and calves..
thousands
Hogs
thousands
Cotton into sight
thous. of bales__
Wheat, at primary markets... ... ..thous. of bu._
Wool, at Boston, dom. and foreign thous. of lb_.
1935
1934
Jan. 20
1933
Jan. 28
Jan. 21
1933
Jan. 23
Jan. 30
1931
Jan. 24
Jan. 26
Jan. 19
0.088
.127
2.67
32.60
1.00
0.088
.126
2.61
32.62
1.00
0.088
.127
2. 65
32. 57
1.03
0.081
.114
2.00
31.20
.85
0.077
.117
1.99
31.17
.86
0.078
.111
1.96
31.13
.82
0.048
.063
1.51
28.08
.43
0.048
.063
1.56
28.08
.43
0.072
.068
1.82
29.62
.51
0.072
.067
1.84
29.70
.54
0.098
.106
2.42
31.72
.69
3,162
3,321
3,897
3,657
3.227
3,522
2,906
2,842
3,039
3,061
2,899
2,869
2,618
2,504
2,965
2,926
2,461
3,076
4,078
3,592
5,034
4,560
2, 463
6
9
2,430
2,468
6
17
2,430
2, 467
6
2, 430
2, 631
104
97
2,432
2,646
112
101
2,432
2,655
113
104
2, 432
2,067
31
265
1,763
2, 068
32
249
1,778
1,798
162
838
752
1,807
188
819
751
1,020
152
230
625
13, 916
4, 429
10, 686
7, 235
7, 591
3,045
4, 546
1.00
.88
13, 862
4, 397
10, 657
7, 234
7,607
3, 070
4, 537
1.00
.88
13, 665
4,397
10, 580
7,192
7, 578
3,025
4, 553
1.00
.88
11, 138
4, 372
S, 185
5, 245
8,211
3,498
4.713
1.00
1.13
11, 094
4,352
8,229
5, 223
8, 218
3, 486
4,732
1.00
1.17
10, 951
4, 343
8, 179
5,210
8, 209
3,497
4,712
1.00
1.17
11,236
4, 614
7.983
4, 991
8, 648
3, 662
4, 986
1.00
.50
11,213
4, 657
7,946
4, 998
8,714
3, 699
5,015
1.00
.50
10, 645
4,664
6,518
3, 563
11,216
4, 992
6, 224
2.50
3.75
10, 658
4, 706
6, 495
3, 599
11, 291
5,022
6,269
2.50
3.75
1.50
2.00
6. 553
4.88
259
5,364
6,585
4.88
274
5,391
6. 610
4.91
282
5, 435
6.241
4. 98
315
5, 603
6. 271
5.04
333
5,656
6. 114
5.09
314
5,701
3. 904
3.39
702
5,620
3.903
3.35
691
5,616
3. 926
3.46
812
5,617
3.928
3.45
855
5,632
3.918
4.85
712
4,621
71, 390
96.70
3,180
85. 66
69.4
81.2
57.2
33.8
64, 130
96.28
4, 405
85.00
68.7
80.1
57.1
34.1
100, 360
96.58
6.211
87.00
71.1
83.0
58.0
36.4
82, 700
88. 87
14, 380
92. 82
79.3
87.7
77.2
48.8
110, 700
88.00
17, 661
91.04
76.1
84.0
74.9
46.5
101, 600
85. 73
7,045
84.99
72.2
80.3
70.2
42.0
55, 000
80. 30
3, 990
58. 26
48.8
45.9
80.7
28.1
67, 500
79. 44
3, 918
57. 80
47.8
45.0
80.0
26.7
56, 235
79.79
8.980
72.22
56.5
52.7
91.4
37.6
63, 913
80.73
7, 323
75.03
69.6
55.8
96.3
38.6
56, 585
96.61
9,707
151. 59
113.0
103.4
165.8
102.4
69, 409
1, 375
1,782
2,542
53
67, 217
1,293
1,778
2, 531
50
3, 399
59, 225
1,278
1,773
2,539
46
4,623
44, 796
1,192
2,611
2,223
34
5,488
34, 293
1,205
1,625
2, 295
34
7,426
30, 239
1,230
1,646
2,311
33
8,493
38, 830
955
1,470
2,009
19
2,821
33, 616
1,069
1,484
2,015
18
2,921
28, 950
1,069
1,589
2,171
27
3,457
29, 365
1,064
1,598
2,162
28
45, 843
1,473
1,713
2,111
46
555, 768
162, 635
17, 922
22, 603
13, 809
146, 788
2, 563
189, 498
552, 955
145, 675
20, 722
25, 182
14, 941
152, 373
2,820
201, 242
553, 675
138, 805
19, 920
26, 276
15, 247
150, 468
2,901
199, 958
563, 100
133, 466
20, 687
31, 706
18, 521
161,887
3,192
193, 861
561, 902
137, 363
19, 680
32, 188
18, 046
160, 526
3,202
190, 897
557, 266
145, 597
18, 175
29, 554
17, 771
158, 547
3,218
184, 404
475, 292
101,814
14, 439
25, 324
17, 501
160, 757
1, 526
154, 031
499, 554
118, 036
14, 839
27, 674
17, 678
160, 242
2,298
158, 787
560, 343
113,366
18, 964
32, 981
21, 225
187, 974
2,816
183, 017
562, 101
112,945
19, 551
32, 558
21, 048
188, 520
3,469
184, 010
715, 474
165, 043
34, 179
39, 543
24, 835
208, 259
5,105
238, 510
123
1. 030
138
267
340
181
1,264
766
251
340
120
1,158
335
224
691
162
2,411
849
233
693
182
2,063
628
235
614
158
1,530
2,081
188
530
267
2,832
589
188
497
291
3,319
1,110
185
763
336
4,902
2,346
198
667
319
4,308
1,490
230
772
120
6,810
931
Jan. 12
"Jan. 27' '
Jan. 13
Statistics cover 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reportingDigitized for §FRASER
Comparable figures not available prior to 1932.
http://fraser.stlouisfed.org/
t Revised series (scrap now included). For revised data beginning January 1929 see p. 19 of the Jan. 1935 issue.
Federal Reserve Bank of St. Louis
22
SURVEY OF CURRENT BUSINESS
February 1935
Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Later data will
be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
1934
1933
December
D
March
S- ; January I
April
May
j June !
July
August
Se
November
j^m'j October
BUSINESS INDEXES
BUSINESS ACTIVITY ( Annalist)!
Combined index ^
. _ normal = 100..
Automobile production f
normal = 100. .
Boot and shoe production
normal = 100
Carloadings, freight
. normal = 100. J
Cement production
normal" 100 i
Cotton consumption
normal = 100 _
Electric power production
normal = 100-_
Lumber production
normal = 100. .
Pig-iron production
_ . .normal = 100. .
Silk consumption
.normal = 100- Steel ingot production K _ .
normal = 10Q._
Wool consumption
. normal = 100- _
Zinc production
normal = 100
INDUSTRIAL PRODUCTION (F. R. B.)
Total, unadjusted
1923-25 = 100-Manufactures, unadjusted
1923-25 = 100. .
Automobiles* . .
1923-25=100 .
Cement
1923-25-100
Food products
1923-25 = 100
Glass, plate
1923-25 = 100. .
Iron and steel*
1923-25 = 100
Leather and shoes §
1923-25 = 100-Lumber
. 1923-25=100..
Paper and printing
1923-25 = 100- _
Petroleum refining
1923-25 = 100..
Rubber tires and tubes .
1923-25 = 100. .
Shipbuilding
.. .
1923-25=100
Textiles
.1923-25=100.Tobacco manufactures
.1923-25=100-.
Minerals, unadjusted
1923-25=100.Anthracite
1923-25=100
Bituminous coal.. .
1923-25=100
Iron ore shipments
1923-25 — 100
Lead
__
1923-25 = 100
Petroleum, crude
1923-25 = 100-.
Silver
1923-25=100..
Zinc
1923-25 = 100—
Total, adjusted
1923-25=100..
Manufactures, adjusted
1923-25 = 100-.
Automobiles*
1923-25-100
Cement
1923-25 = 100
Food products
1923-25= 100..
Glass, plate
_
1923-25 = 100 .
Iron and steel •
1923-25 = 100
Leather and shoes §
1923-25= 100 ..
Lumber
1923-25=100
Paper and printing
1923-25 — 100
Petroleum refining..
1923-25 = 100. .
Rubber tires and tubes
1923-25=100-.
Shipbuilding
.
1923 25-100-Textiles
1923-25 = 1 00 i
Tobacco manufactures
1923-25 = 100. .
Minerals, adjusted
1923-25 = 100. .
Anthracite
1923-25=100
Bituminous coal
1923-25=100-Iron ore shipments
1923-25=100
Lead
...
1923-25=100
Petroleum, crude
1923-25—100
Silver
_
1923-25-100
Zinc . .
1923-25=100
75.9
66.9
63. 1
43 9
84.3
95. 4
40. 3
37.2
74. 6
57. 3
60 7
78
p 76
i> 58
ST
103
79
56
r<87
91
p92
115
p 85
P 71
p 74
60
p 122
54
76
p 86
*85
P 105
45
102
132
64
P 102
99
P 131
P 97
143
p90
p 72
P69
60
p 126
53
74
69. 5
40.1
93. 0
62. 2
34. 8
68.5
90.0
51.9
42. 1
51.5
53.7
78. 9
60. 5
73. 1 i
57.2 i
104. 2 !
65. 2
46. 2
88.8
89.5
545
42. 7 1
60.6 !
48.1 '
73. 9
62. 1
69
67
25
28
89
80
53
81
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p 92 •
138
75
32
p 74
99
«81
67
°71
68
11,5
29
68
75
73
45
36
86
106
60
94
32
p 97
138
108
41
p 78
123
« 86
68
66
77
75
46
30
102
88
53
90
30
P 96
142
90
18
P 91
131
85
89
74
i
I
i
•
I
65
115
37
70
78
76
56
49
96
99
56
97
34
P 99
142
97
26
P 87
138
88
82
67
67 i
119 1
29
67
64
120
37
66
i
!
j
i
76.7
71.1 i
115.9 l
67.4
55.8
89.2 i
93.1
49.5
45.8
66.6
54.9
75.8
61.5
83
82
76
37
90
106
66
109
28
p 102
144
108
21
?97
120
88
95
78
66
116
,
78.9
77.9 i
118.7
69.0
51.4
89. 9
93. 7
60.6
50.9 :j
69.6
59.3
77. 4
62. 1
80.0
78.5
130.2
64.7
54.4
90. 8
96. 1
53.3
54.5
71.6
69.8
72. 6
59. 1
86
85
96
42
82
115
75
110
39
p 102
143
117
46
p 96
113
91
89
84
88
89
109
53
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108
84
114
35
P 104
152
115
63
* 93
118
81
76
60
!
:
!
:
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74
58
121
52
72
84
82
78
58
84
106
66
106
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p 100
143
106
59
p 94
119
100
109
84
55
125
46
67
85
85
85
55
93
98
76
116
33
P 100
152
97
65
P 90
128
90
73
72
64
118
36
66
57
122
47
68
56
125
45
64
39
71
81
80
71
61
91
98
63
107
29
P99
144
100
30
p91
132
91
89
80.2 !
70.1
130.2 !
63.9
52.6
92.0
95.3
51.9
63.1
71.8
77.7
66.8
59.6
77.2
71.2
107.5
64.9
52.8
68.5
95.8
47.6
64.6
61.7
77.4
63.0
52.2
73.2
70.9
108.2
61.9
49.6
77.6
96.7
44.8
40.6
58.2
40.8
69.0
51.4
71.1
62.4
107. 9
59.6
43.8
82.4
"94.1
55.5
34.8
57.1
34.3
62.8
52. 7
89
84
89
98
73
73
83
93
71
82
71
67
72
95
79
85
64
100
91
44
108
35
p 102
97
32
62
100
87
38
98
29
106
38
153
102
50
154
102
156
81
41
p89
130
87
P73
144
87
p 73
139
85
157
78
140
68
96
90
91
76
62
60
65
128
60
60
106
57
132
52
59
105
51
131
p76
135
83
50
60
95
43
126
66 5
52.7
91 8
59 1
46 8
58 5
"92.4
50.2
31.2
54.4
34.3
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70
56
63
122
85
37
101
33
152
76
133
p64
139
87
62
68
85
52
125
43
66
86
86
78
44
55
83
83
82
34
53
76
74
78
39
56
73
72
61
34
58
71
69
51
98
83
96
77
102
92
106
86
120
84
154
156
157
152
57
84
117
33
p 100
153
81
39
58
85
100
31
84
38
p88
P77
66
127
44
65
56
130
45
57
128
89
76
72
40
132
87
69
67
54
53
47
99
29
83
28
p78
128
85
63
65
52
53
128
40
57
48
38
96
36
79
95
50
37
87
32
79
133
*81
p64
44
124
39
60
55
122
36
61
126
80
50
61
47
125
82
62
64
44
a 70 5
51. 6
o 88 4
57 6
40 8
92 2
0
92. 4
46. 7
31.8
75.5
36. 1
0
76 0
66 2
3 71 2
« 43. 5
97 9
58 9
42 3
° 86 0
93. 5
« 42. 5
33.3
60.8
42. 8
100 7
68 0
75
73
38
53
110
87
40
92
30
74
72
°4
47
108
79
45
a 87
25
154
73
12
p 92
129
87
68
71
60
58
123
39
73
73
72
41
46
107
87
41
84
29
'
'
'
i
156
80
12
P 91
128
o 84
a
65
72
11
57
« 120
38
77
74
73
37
48
102
83
48
a
91
26
153 i
P 82 ;!
155
107
P 90
120 \
81
P 53 :
P 64
35
56 '
122
39
76 j
P 87
125
° 81
54
° 65
14
55
" 121
35
77
17
:
:
:
j
:
i
14
MARKETINGS
114 ;
89
92
77
74
93
105
73
60
Agricultural products* (quantity) 1923-25 = 100-.
81
74
67
66
100 ;
93
112
102
107
84
97
93
80
84
72
Animal products
1923-25 = 100. .
85
88
102
:
86
124
118
100
123
127
78
84
100
94
Dairy products
1923-25=100
98
94
111 j
91
122
83
100
116
77
81
Livestock
1923-25=100..
67
72
75
92
68
70 1
105
77
67
63
102
120
100
111
119
81
Poultry and eggs
1923-25 = 100
113
78
91 i
81
444
105
253
173
36
24
22
91
Wool
1 923-25 — 1 00
42
28
36
129 !
84
74
107
62
56
54
78
47
55
47
Crops
1923-25 = 100-.
76
60
210
134
160
42
35
50
28
50
42
86
38
Cotton
_ 1923-25 = 100..
113
62
104 i
74
92
81
87
108
60
66
57
71
70
Fruits
1923-25 = 100..
67
71
69
58 ;
38
119
101
37
57
33
43
37
29
Grains
1923-25=100..
45
42
82
108 i
76
102
75
64
54
104 i
90
120
65 i
93
78
Vegetables
1923-25=100.. i
* New series. See p. 18 of the March 1933 issue, marketings (quantities),
t Revised series. For earlier data see p. 19 of the October 1933 issue.
^0 For 1933 revisions of the combined index and automobile and steel ingot production indexes see p. 22 of the August 1934 issue.
v Preliminary.
§ Revised.
Series revised. For earlier data see p. 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances by
slight amount.
http://fraser.stlouisfed.org/
• Index of automobile and iron and steel production revised for 1933. See p. 22 of the September 1934 issue for a complete record of the revisions.
Federal Reserve Bank of St. Louis
23
SURVEY OF CURRENT BUSINESS
February 1935
1933
Monthly statistics through December 1931, j 1934
together with explanatory footnotes and refer- !
ences to the sources of the data, may be found j Decem- Decem- January | Februin the 1932 Annual Supplement to the Survey
ber
ber
•
ary
1934
March
April \
May
June
July
0
! August September October I* ™*'
BUSINESS INDEXES—Continued
MARKETINGS-Continued
Agricultural products, cash income received
from marketings of:*f
Crops and livestock:
Unadjusted
1924-29=100
Adjusted
.1924-29=100..
Crops, adjusted
1924-29 = 100
Livestock and products, adjusted
1924-29=100-Dairy products, adjusted
1924-25 = 100. _
Meat animals, adjusted
1924-29= 100. .
Poultry and eggs, ad justed _ _ 1924-29 =100. .
$
51 5
49.5
41 5
48 5
46.5
45 0
50.5
52.0
53 5
45 5
54.5
56 0
48 0
57.0
60 0
45.0
58.5
64 0
50 0
58.0
59 5
48.5
65.5
77.0
54.5
71.0
87.5
60.0
62.5
68.0
69. 0
GO. 5
58.0
74. 5
55.0
47.0
52.0
40.5
58.0
72.5
49.5
58.5
48.0
66.5
36.0
46.0
51.0
60.5
45.5
49.0
53.5
61.5
47.5
53.0
53.5
65.0
45.5
59.0
52.5
63.5
47.0
50.5
56.0
65.0
51.5
52.0
54.0
63.5
48.0
51.0
54.5
65.0
47.5
50.5
56.5
70.0
48.5
53.0
63.0
72.0
58.5
57.5
63.5
72.5
57.5
60.0
63.5
73.5
54.0
71.5
152
107
117
105
118
94
79
163
48
113
159
119
184
117
172
93
263
170
110
121
102
117
94
82
159
71
99
152
179
215
126
213
124
296
162
111
126
103
117
96
83
167
68
107
151
173
201
117
201
129
273
155
111
129
92
117
99
80
162
84
117
157
169
188
108
192
115
252
148
108
126
81
116
99
80
162
71
116
160
168
178
101
188
108
231
142
109
123
81
116
104
81
159
85
111
160
160
168
96
182
98
213
136
108
117
84
116
105
80
150
78
113
159
159
158
94
171
93
198
132
109
115
94
117
95
79
143
92
107
161
148
149
93
162
97
182
140
114
117
108
116
96
79
141
115
109
162
130
161
90
198
108
173
a
143
« 108
119
103
116
96
78
145
79
112
160
119
169
92
217
105
173
1M
« 109
121
103
117
98
79
150
91
113
•161
119
187
109
217
107
217
160
« 108
<* 159
107
113
102
117
96
81
160
71
113
151
123
198
248
?367
220
339
215
291
140
114
205
250
*343
214
348
255
303
135
108
214
242
»360
193
347
281
296
134
104
198
245
P367
209
347
263
297
144
98
192
258
P423
211
347
266
332
152
85
197
260
M07
225
347
260
328
147
83
202
259
*392
218
369
287
304
142
215
266
*409
221
387
242
309
142
78
241
262
*390
231
374
238
295
141
74
237
246
T 303
221
373
234
267
140
74
228
231
P288
191
363
210
273
153
79
211
227
"332
174
354
200
294
148
72
190
78.6
77 8
74 1
85 7
64 2
92.4
78.8
77 3
74 5
85 8
64 6
92.5
79.1
77.0
75 2
86 4
64 7
92.5
79.6
77.2
76 5
86.9
65 4
92.3
81.0
77.6
79 9
87 4
66 0
92.4
80.9
77.5
79 1
87.5
66 4
92.8
80.8
77.4
78.8
87.6
66.6
92.8
82
72
90
91
110
78
64
89
92
86
72
94
93
137
89
64
80
90
87
76
99
94
113
91
66
102
94
96
86
107
97
101
106
68
108
125
103
104
110
99
93
112
82
133
159
110
162
112
117
STOCKS
Domestic stocks
1923-25 = 100..
Manufactured goods
1923-25=100
Chemicals and allied prod. ._ 1923-25= 100. .
Food products
1923-25=100
Forest products
. 1923-25=100
Iron and steel products
1923-25=100..
Leather
1923-25=100
Metals, nonferrous
1923-25=100
Paper, newsprint
1923-25=1 00. .
Rubber products
—
1923-25=100
Stone, clay, and glass.
-.1923-25 = 100-.
Textiles
1923-25 = 100
Raw materials
1923-25—100
Chemicals and allied prod. -.1923-25 = 100—
Foodstuffs
. - . 1923-25 = 100
Metals
1923-25=100Textile materials
1923-25 = 100
World stocks— foodstuffs and raw materials:
Total t
1923-25 = 100
Coffee— adj. for seasonal
1923-25=100-.
Cotton— adj. for seasonal
1923-25 = 100-.
Rubber— adj. for seasonal t— 1923-25 = 100—
Silk — adj for seasonal
- 1923-25 = 100
Sugar — adj. for seasonal t
1923-25=100
Tea—adj. for seasonal. .
1923-25=100 .
Tin —unadjusted
1923-25 = 100
Wheat— adj. for seasonal
1923-25 = 100-.
p 329
171
352
66
a 117
100
117
94
79
155
113
159
120
198
122
208
113
254
<*
121
198
107
269
COMMODITY PRICES
COST OF LIVING (N. I. C. B.)
Total, all groups...
Clothing
Food
Fuel and light
Housing
Sundries
1923=100..
1923=100 .
1923-100
1923 = 100
1923 — 100
1923=100--
..
80.8
77.3
78 4
87 5
66 8
93.0
77.3
77.4
71 7
87 5
62 8
91.5
77.5
77.3
72 0
87.1
62 7
91.9
78. 3
77. 5
74 1
87 1
62 8
92.1 :
78. 5
77. 7
74 3
87 1
63 1
92.2
101
119
109
107
85
116
73
o 130
113
78
94
77
88
74
73
52
114
104
77
82
82
84
86
76
55
102
94
83 ;
78
93 i
92
87 ji
79
65 i
101
98
84
74
94
95
97
79
66
79
98
82
72
94
91
96
77
64
98
96
165
114
167
104
167
105
168
108 1
168
109
156
108
157
109
87.2
88.0
88.5
89.5
89.6
i
164 j
107 j
i
89.4 !
88.6
88.2
87.9
87.7
87.7
87.4 '
93.9
87.4
88.1
88.5
85.7
90.4
86.2
90.3
85.8
82.8
91.0
86.5
89.5
86.5
84.2
93.2
88.4
90.2
87.5 i
85.6
93.6
88.9
91.2
88.7
85.9
93.9 !
87.9 !
91.4 !
88.2 !
85.5
93.9
88 1
91.0
88.4
85.5
93.8
87 7
90.8
88.1
85.5
93.9
88.3
90.4
88.2
84.8
94.0
87.7
90.1
88.5
85.5
94.0
94.4 '<
87.7
«89.5 !
88.9 :
86.3
78.4
77.9
73 5
86 5
63 7
92.4 |
FARM PRICES (Dept. of Agri.) § t
Total, all groups
Chickens and eggs
Cotton and cottonseed
Dairy products..
Fruits
Grains
Meat animals
Truck crops
Miscellaneous
- -
1909-14=100
..1909-14=100 1909-14=100
1909-14=100
1909-14=100-.
1909-14=100
1909-14 =1001909 14—100
1909-14 = 100
i
!
i
i
i
i
!
;
126
102
108
107
99
98 '
109
74
110
137
101
125
107
105
94
109
72
107
123
166
116
165
115
RETAIL PRICES
Department of Labor indexes:
Coal.
1913=100
Food#
.--.1913=100..
Fairchild's index:*
Combined index
Dec. 1930=100..
Infants' wear
Men's
-. ..
Women's
Home furnishings
Piece goods
Dec.
Dec.
Dec.
Dec.
Dec.
1930=100 .
1930=100
1930=100..
1930= 100. .
1930=100..
165
87 7
89.8
88.9
87.6
94.3
87.3
89.2
86.1
WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100 .
76.5
72.2
76.4
77.6
76.9
74.8
73. 6
73. 7
70.8
73.3
73.7
74.6
Economic classes:
79.2
79.3
Finished products
1926 = 100
78.2
78.2
79.2
80.1
77.0 !
77.2
79.5
76.0
74.8
77.1
77.8
72.2
72 1
73 9
Raw materials
1926—100
71 6
73 1
64 1
61 9
65 1
65 1
67 3
68 3
66 0
65 9
71.5
71.1
71.8
72.6
Semimanufactures
1926=100-.
71.9
74. 8
74. 3
71.0
72.3
73. 9
73. 7
72.9
72.7
73.4
70.8
70.6
Farm products
... 1926=100
72.0
64.5
69.8
55.5
59.6
59.6
63. 3
58.7
61.3
61.3
87.2
85 0
88. 1
63 2
62 3
91 5
72 4
Grains
1926—100
63.7
60 4
58 8 1 63 9
74 8
86 0
64. 1
54.0
Livestock and poultry
1926 =100. .
57.2
55. 3
41.1
56.2
48. 2
49. 5
38.0
49.2 !
47.8
48.3
48.8
0
Revised.
* New series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products and p. 19 of the December 1932 issue, Fairchild price index.
p Preliminary.
§ Data for Jan. 15, 1935: Total 107, chickens and eggs 114, cotton and cottonseed 108, dairy products 112, fruits 87, grains 115, meat animals 96, truck crops 117, miscellaneous 112.
t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. Revised total, rubber adjusted and sugar adjusted indexes
for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from July 1933-June 1934. See p. 23
of the
September 1934 issue.
http://fraser.stlouisfed.org/
# The data on retail prices of food until Aug. 15,1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly
figures
months
subsequent
Federal ReserveforBank
of St.
Louis to August 1933 represent the figure nearest to the 15th of the month.
SURVEY OF CURRENT BUSINESS
24
>34 | 1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and refer3em-[ Decem- January Februences to the sources of the data, may be found Decem-1
ber
ary
er I ber
in the 1932 Annual Supplement to the Survey
February 1935
1934
March
April
May
j June
July
August
October November
ber
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
|
Department of Labor index—Continued.
\
Combined index—Continued
j
Foods
1926 = 100_J
Dairy products
1926 = 100..'
Fruits and vegetables
1926=100. _ i
Meats. —
-1926=100-.|
Other products
1926 = 100..;
Building materials
1926 = 100..!
Brick and tile
_.1926=100..
Cement
1926 = 100..
Lumber
1926=100..;
Chemicals and drugs
1926 = 100..;
Chemicals
.1926=100..
Drugs and Pharmaceuticals. 1926 = 100..
Fertilizer materials
1926=100..
Fuel and lighting
1926 = 100..
Electricity
1926 = 100.. _
Gas
1926 = 100...
Petroleum products
1926=100..;
Hides and leather
1926=100..
Boots and shoes
1926 = 100..
Hides and skins
1926 = 100..
Leather
1926 = 100..
House-furnishing goods
1926 = 100__j
Furniture—
1926 = 100..i
Furnishings
1926 = 100..;
Metals and metal products.._ 1926 = 100..!
Iron and steel
1926 = 100..j
Metals, nonferrous
1926=100..!
Plumbing and heating equipI
ment
1926 = 100..!
Textile products...
1926=100..!
Clothing
1926 = 100..|
Cotton goods
1926=100..!
Knit goods
1926 = 100..I
Silk and rayon
1926=100..!
Woolens and worsted
._ .1926 = 100. _ j
Miscellaneous
1926=100.. |
Auto tires and tubes
1926 = 100..!
Paper and pulp
1926 = 100..!
Other wholesale price indexes:
|
Bradstreet's (96)
1926=100..!
Dun's (300)
1926 = 100. J,
World prices, foodstuffs and raw materials:* j
Combined index
1923-25 = 100..
Coffee
1923-25 = 100. J
Copper
1923-25 = 100..
Cotton
1923-25 = 100—
Rubber.—....
1923-25 = 100..
Silk
.1923-25 = 100..
Sugar
1923-25 = 100..
Tea
1923-25 = 100..
Tin—
1923-25 = 100..
Wheat
1923-25 = 100..
Wholesale prices, actual. (See under respec- |
tive commodities.)
PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
Retail food prices...
Farm prices*
Cost of living
1923-25 = 100.
1923-25=100 „
1923-25=ICG1923-25 = 100.
|
75.3
79.6
62.4
69.0
78.0
85.1
91.2
93.9
81.2
78.1
82.2
73.4
65.3
73.7
64.3
65.0
68.0
48.9
78.3
86.3
49.8
85.1
97.2
67.4
71.8
81.2
78.2
84 2
85.9
85.6
67.5
62.5
65.1
63.0
46.0
77.5
85.6
85.7
91.2 ;
88.0
73.7 i
79.2 !
59. 0 I
68.1
73.4
94.0
92.2
51.6
89.2
98.6
74.9
80.1
81.0 !
79.3
82.9
83.5
83.6
66.6
68.8
70.0
78.4
84.3
61.9
27.1
74.0
71.0
47.5
81.5
72.5 |
76. 4 I
87.9
85.5 i
71.2 !
29.6 i
84.3
65.7 i
43.2
82.5
72.5
76.5
87.5 j
86.5 !
73.5
91.8
66.7 I
69.1
71.7 :
67.3 i!
68.9
71.6
56.5
66.2
66.5 i
67.9 ;
57.3
78.6
86.7
90.7
89.7
87.2 1
75.5 i
78.6
72.2
68.7
71.7
88.3
92.2
49.4
88.9
98.5 .
76.7
78.4 '
81.6 ;
79.9
83.5
87.9
87.3 i
68.0 ;
67.1
67.1
68.2
60.0
78.9
87.3
91.2
89.4
85.9
75.4
78.6
72.8
66.4
72. 5
88.9
94.6
50.7
87.9
98. 5
73. 5
76.3
82.0 f
80. 1 !
84.1
89.1 :
90.2 :
68.1 ,
69.8
73.0
70.1
62.2
78.2
87.8
91.1
93.9
!
!
1
!
1
i
i
j
67.6
73.9
92.4 !
99.2 1
51.3 '
86.3
98.0 '
66.6 i
75.1 1
81.6
78.5
84.8
86.8
86.7
68.8
73.9
77.3
65.6
69.4
78.3
85.8
91.3
93.9
81.8
75.7
79.2
72.7
64.8
74.6
92.6
99.2
51.6
83.8
97.9
57.4
71.3
81.8
78. 9
84.6
86.7
86. 6
68. 9
76.1
76.2
66.0
76.6
78.3
85.6
91.3
93.9
82.3
76.5
80.3
72.7
66. 4
74.6
95.2
99. 3
51. 3
84.1
97. 9
P0.4
81.8
78. 8
84.8
86.6
86. 5
68. 4
74.8
77.1
67.6 i
70.0 !
78.0
85.2 i
91. 2 ;
93.9 :
82.0 '
77.1
81.1 :
73.5
65.7
74.6
94.5
96.9
50.4
83.8
97.7
59.7
70.5
81.7
79.0
84.4 :
86.3
86.2
68.1
68.8
69.7
78.4
84. 4
61.0
25.8
74.1
70.6
47.5
82.1
71.9
90.2
70.6
74.8 I
68.2
63.4 j
78.4 l
87.0
91.3
93.9
85.3
75.4
78.5
53.3
78.7
86.6
87.2 !
93.9
87.3
75.5
78.8 i
71.5
69.2
72.4
91.8
89.3
50.3
89.6
98.4
78.0
80.1
81.0
79.2
83.0
87.0
86.3
65.8
86.4
88.5
93.9
86.4
75.7
79.0
71.9
69.5
71.4
88.5
89.4
48.7
88.7
98.5
73.4
79.7
81.4
79.8
83.2
87.1
86.3
66.3
29.7 |
84.3 !
67.5
43.2
83.0
72.7
76.9
87.2
88.6
67.0
31.0
84.3 '
68.5 1
43.5 i
82.7
72.7
76.5 '
87.2
89.1
65.6
29.4
84.0
69.3
44.6
82.7
76.2
75.3
85.7
88.2
64.2
28.4
82.0
69.5
44.6
83.6
75. 0
73.6 ::
82.7
86.3
65.3
26.5
81.0
69.8
44.6
83.7
75. 1 ;
72.7 i
82.6
86. 0
62.8 !
25.0 !
80.8 i
70.2 1
44.6
83.5
75.0
71.5
81.9
85.1
59.5
24. 5
80.7
69.9
44.6
82.4
75.0
70.8
79. 5
86. 4
59. 3
24. 4
78 9
70. 2
44.7
82.4 [
71.6
71.1
79. 7
87. 8
59. 9
24. 3
78.0
70. 2
44.7
82.4
!
!
i
!
i
!
1
68.1
70.3
79.1
86.6
GO. 5
24.8
74.9
60. 7 :
44. 7. j
S2 4
- i
68.4
86.1
69.7
87.2
71.7
87.5
71.0
86.6
70.9
85.5
71.5
88.6
72. 1
89.0
73.4 ;
89.7
73.2 !
90.2 j
71.8 i
89. 1 1
48. 9
55.4
63.5
46.7
30.3
19.0
51.1
61.3
101. 2
51.4
39.3
46.5
57.0
37.5
20.8
19.8
30.2
75.2
105.2
41.6
41.2
50.4
57.0
41.5
21.8
20.3
29.9
78.4
103.2
44.1
43.2
57.3
56.3
45.2
24.5 !
21.7
33.2
78.2
102.7 i
42.1
42.4
57.8
56.3
.45.2
25.8
19.6
27.7
76.3
106.9
42.6
40.9
55.9
59.1
43.8
28.3
18.4
19.5
76.8
110.6
43.2
70.7 :
86.9 i
i
40. 3 !
55.9
59.9 :
41.9
31.0 i
17.9
19.5
74.3 '
106.5
42. 4
43. 6
55.9
62.1
45.2
31.6
16.8
32.9
69.0
101.9 '
42. 7
47.0
53.9
63.5
47.4
34.2
15.9
41.6
66.4
103.3
48.4
50. 4
56.8
63.5
49.3
36.2
15.8
43. 4
67. 5
103.3
59.4
130.9
131.1
145. 6
125.9
142.2
144.1
188. 3
131. 8
139.5
142.5
190.8
131.4
136.8
138.3
177.0
130.0
136. 6
138.1
175.1
129.7
137. 4
139.5
179.2
129.9
135.0
137.4
170.9
129.2
134.6
136.2
168.9
128.7
131.8
134.0
153. 1
127.9
87.4
74.4
78.8
65.2
68.4
73.1
92.3
90.8
51.1
89.5
98.5
77.2
79.9
80.8
78.8
82.9
85.5
83.6
66.1
70.6 i
78.5 ;
i
!
:
i
!
;
:
,
86.3 ;
75.6 i
78.6 i
73.1
67.9 ;
72.8 !
90.6 !
97.5
50.6 '
87.1
98.4 i
70.1 ;
75.3 !
82.0 ;
79. 0 ':
85.1 i
87.7 !
88.6
68.5 I
73.0 ;
<o. 6
I
'•
:
i
i
i
;
J
:
<* 50. 1
56.8
63.5
48.2
36.0
15.7
« 49. 4
64. 2
102.4
54.5
129.7
12S.2
142.7
125.6
i
i
i
|
!
i1
;
'.
48.3
55.9
63. 5
46.0
32.7
16. 6
49.9
66.6
101.3
48.8
;
i
1
.
1
!
i
i
i
i
48.2
54.9
63.5
46.3
30. 5
18.0
50.9
64.5
101.9
48.3
131.6
129.5
144. 1
125.8
j
;
j
;
131. 6
130.4
145.6
125.9
CONSTRUCTION AND REAL ESTATE
i
CONSTRUCTION CONTRACTS
!
i
AWARDED
i
Contracts awarded, F. R. B.:
\
Total, unadjusted..
1923-25 = 100. _ |
20
45
40
38
33
36 i
32 :
31
«28
29
30 i
28
30
11
11
Residential..
.
1923-25 = 100 i
10
10
10 !
12
14
13
13
12 i
10
U
Total, adjusted
1923-25 = 100 •
33
57
49
44
33
32 !!
26 •
26
31
27
27
29
31
11
Residential
1923-25 = 100. _i
12
13
12
12
11
12
11
12
12
10
11
12
F. W. Dodge Corporation (37 States):*
Total, all types:
i
1
'
!
Projects
number 1 5,771
7,677
7,729
5,507 I 7,927
8 114 i 9 153
8 368
7 182 l 7 625
7 605
10 013
7 505
Valuation
thous. of dol— ; « 92, 685 207, 210 186,464 96,716 ; 178,346 ' 131,225 1 134,439 127,116 119,663 j 120,015 110,151 135, 225 « 111, 692
Nonresidential buildings:f
!
Projects
number
2,170
3, 189
3, 419
2, 256
2, 959
3, 141
3, 210
3 061
2 905
3 134
2 787
3 535
2 696
Floor space
thous. of sq. ft— ;i a 4, 939
5, 185
5,470
4,271 ' 7,673
7,991 i 8,093
7,147
8,275 1 8,996
7,524
7,885
7,258
Valuation
thous. of dol— 28, 067
50, 040 57,616 29,015 57,329 38,737 | 52,797 > 43,142 60,751 ! 50,816 42,309 43, 686 a 39, 440
Public utilities :#
'
i
1
Projects.
number..
165
322
358
185
245
193 !
205 ;
232
252
199 !
206
196
289
Valuation...
thous. of dol.. • 12, 911 34, 043 10,596
6,443 j 21,003 12,372 j 5,599 : 13,069
12,612
7,901
8,651
6,510
8,496
Public works :#
Projects
number..;
945
2,446
2,222
1,101 i 1,761
1,1841 1,537- 1,344
1,210
1,918
1,051
1,087 1,313
59 593
Valuation
thous of dol
37 156 99 227 103 141 46 739 71 937 57 535 ! 51 202 44 340 31 166 ' 41 906
43 479
43 847
Residential buildings:
!
Projects
number
2,491
1,720
1,730
1,965 1 2,962
3,596
4 201
3 731
4 ?71
3 347
3 027 1 3 198
3 370
Floor space
..thous. of sq. ft—
4, 048
5, 890
3,943
3,634 i 8,046 ! 5,985 1 6,159
7,504
7,015
5,319
4,795 | 5,030
4,847
Valuation
,
thous. of dol— 14, 551 23, 900 15,110 14,520 | 28,076; 22, 686 | 24,840; 26,565 19,845 ; 18,641
17,854
26, 300 « 19, 910
Engineering construction :J
i
Total contracts awarded (E. N. R.}
thous. of dol. . 101,419 102, 563 '133,581 k04,261 >147, 204 ' 101,192 | 116,743 ; 109,993 118,000 i 109,115 l 94,439 90, 501 « 134, 148
a
Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World Prices, p. 20, September 1932; Purchasing
Power of the Dollar, p. 18, August 1933 (except farm prices. See the footnote on this series below.)
• Index of farm prices have been completely revised. Refer to p. 20 of the November 1934 issue. The reciprocals of the new series have not been published prior to
September 1933. See p. 24 of the November 1934 issue.
f Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
^Months of March, May, August, and November 1934 include 5 weeks; other months include 4 weeks.
http://fraser.stlouisfed.org/
A A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August 1934 issue
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
February 1935
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
25
1934
February
Ma
pril
May
June j
July
August SeptemOctober November
ber
CONSTRUCTION AND KEAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
3,921
Total
__thous. of sq. yd__
6,301
5,918
3,353 1 2, 459
3,752
3,586
2,628
2,949 ! 2, 858
4,600
5,082
Roadsonly
thous. of sq. yd_. 4,336
4,107
2,131
1,572
2,143
1,463
2,200
2,356
2,093
1,557
3,491
3,760
Highways:
Approved for construction (N.I.R.A.): *
Mileage
number of miles
5 607
4,491
4,333
3,279
2 405
3 320
4 267
1,718
1,614
2,886
1,225
2, 845
Public works funds allotted, thous. of dol_. 8,000 93, 439 80, 795 80, 456 77, 283 62, 216 43, 297 31, 149 22, 481 15, 598 13, 839 10, 854
Under construction (NJ.R.A.): *
Estimated total costthous. of dol ._ 147, 807 159, 575 197, 088 216, 291 239, 974 269, 229 288, 460 283, 506 267, 509 231, 554 203, 027 179, 453
Public works funds allotted. thous. of doL. 83, 484 147, 264 180, 944 198, 759 221, 169 248, 942 267, 371 263, 042 246, 394 211,512 176, 997 139, 570
8,634
5,561
7,042
8,914
7,123
Federal aid funds allotted. . -thous. of dol_. 4,714
7,574
7,955
8,435
8,421
7,608
6, 093
Mileage _
_
num ber of miles. _ 6,911 10, 504 12, 084 12, 827 13, 062 14, 111 14,311 13, 674 12, 524 10, 220
8,831
7,879
3,619
3,101
2,892
7,807
159, 599
101, 734
5,399
7,280
CONSTRUCTION COSTS
Building costs—all types (American Appraisal
Co)*
__1913=100-_
Building costs—all types G4. <7. <?.)_- 1913 =100. _
Building costs—all types (E.N.R.) § 1913=100..
Building costs— factory (Aberthaw) .1914=100-.
158
180
201. 9
177
153
168
192.1
175
153
168
191.3
154
169
194.0
156
172
194.0
176
157
180
195.9
158
180
199.6
158
180
199.6
177
157
182
199.7
157
183
198.4
157
182
200.6
177
158
181
200.9
158
181
201. 4
27, 626
17, 125
28, 003
15, 917
31, 443
14, 198
31,312
16,111
22, 029
15, 807
25, 271
16, 680
20, 006
16, 348
19, 484
15, 499
19, 613
15, 462
16, 244
15, 972
18, 236
16, 723
20, 114
16, 940
88, 442
53.8
92, 497
51.5
94, 040
46.3
93, 125
46.3
88, 922
45.2
86, 842
45.7
86, 248
47.9
85, 723
48.3
85, 519
52.5
86,647
48.6
87,446 i
56.1
87, 714
MISCELLANEOUS DATA
Construction—employment and wages:
Employment, Ohio. (See Employment.)
Wages, road building. (See Employment.)
Fire losses, United States
thous. of doL. 23, 896
Foreclosures *•
number __ 17, 736
Ship construction. (See Trans. Equipment.)
Real estate:
Home Loan Bank, loans outstanding *
thous. of doL . 87, 258
Market activity
each month 1926=100
New financing. (See Finance.)
DOMESTIC TRADE
ADVERTISING
Radio broadcasting:
3,104
2,561
3,697
3,998
3,740
4,527
3,793
3,585
3,728
2,249
2,495
Cost of facilities, total
thous. of doL. 4,451
4,363
222
544
380
371
309
289
338
348
338
268
178
Automotive
thous. of dol..
188
299
4
7
o
o
o
18
33
26
35
17
32
15
Building materials
thous of dol
37
27
36
22
25
43
30
36
40
30
19
18
27
Clothing and dry goods
thous. of dol..
28
20
117
130
119
80
168
162
142
34
109
78
Confectionery
thous. of dol._
68
115
969
1, 513 " 1, 053
1,222
1,022
921
1,497
1,089
1,168
787
1,196
1,168
Drugs and toilet goods
thous. of dol..
1,460
40
46
64
57
61
37
36
65
57
63
56
36
Financial
thous. of dol_.
51
700
1,279 a 1, 086
1,061
974
829
1,218
945
719
999
997
688
1, 259
Foods
thous. of doL.
38
6
17
26
54
12
78
12
36
46
50
29
55
House furnishings
thous. of dol
0
21
3
0
0
0
0
0
0
8
Machinery
- thous. of dol .
15
12
17
19
16
21
22
24
11
13
20
24
20
7
21
Paints and hardware
thous. of dol_.
5
193
289
267
241
202
318
245
243
189
258
259
Petroleum products.
-thous. of doL.
188
325
56
96
95
54
45
45
47
39
33
34
36
39
91
Radios
-- thous. of dol ,
12
15
0
0
Shoes and leather goods
thous. of doL.
0
0
0
0
0
0
0
6
6
Soaps and housekeepers' supplies
160
174
134
thous. of doL .
190
141
190
216
178
112
115
145
178
0
0
0
0
0
0
0
Sporting goods
thous. of doL.
0
0
0
0
24
49
56
72
18
31
Stationery and publishers. _ .thous. of doL.
13
35
23
23
13
48°
27
46
319
316
381
302
392
416
Tobacco manufactures
thous. of dol..
310
187
93
38
437
326
16
46
48
112
Miscellaneous
thous. of dol._
84
54
75
89
114
110
107
65
67
Magazine advertising:
8,008 10, 653
9,232
7,291
10, 852
6,283
8,209
11,693 11, 586 10, 822
9,200
Cost, total
thous. of dol . 8,938 a 7, 908
1,016
362
1,543
965
982
1,665
1, 639
997
755
Automotive
- thous. of dol
486
1, 136
"476
1,386
214
295
196
191
274
183
131
Building materials
thous. of doL.
139
293
267
«137
97
171
296
278
477
452
Clothing and dry goods
thous. of dol__
298
413
393
326
113
°216
178
187
281
212
178
237 0 "158
142
Confectionery
thous. of dol._
86
165
209
100
178
226
168
178
1,502
1,819
1, 992
2,382
Drugs and toilet goods
thous. of dol__
1,332
1, 894
2, 193
2,431
2, 119
1,884
1,698
1, 880
2,170
230
232 0 °173
241
285
192
220
195
Financial
thous. of dol
179
250
222
266
1,366
1,823
1,636
2,071
1,916
1, 628
1,173
1,785
1,711
1,330
Foods..
thous. of dol..
1,969
1,568
1,607
«7
11
16
18
41
59
61
Garden
thous. of doL.
50
76
7
75
31
8
448
539
817
796
House furnishings
thous. of dol_.
535
229
1,039
780
183
°437
348
867
351
52
284
179
233
Jewelry and silverware
thous. of dol._
34
33
119
36
«222
109
190
236
86
32
52
49
60
°21
Machinery
thous of dol
23
32
27
41
39
40
45
32
59
139
146
180
91
Office equipment
thous. of doL.
"112
83
102
99
70
110
110
81
144
84
51
28
91
Paints and hardware
thous. of doL.
24
25
45
135
17
163
203
88
213
229
180
163
Petroleum products
thous. of doL.
145
119
303
248
167
258
228
288
"173
80
238
213
180
64
Radios
thous. of dol_.
«230
235
115
85
65
108
100
98
150
128
109
115
101
113
124
133
143
Schools
..
thous. of dol
«99
110
132
128
134
237
201
123
Shoes and leather goods
thous. of dol_.
62
222
"70
54
39
39
198
213
106
Soaps and housekeepers' supplies
461
555
556
thous. of doL.
318
643
"348
336
583
576
717
711
651
438
169
101
112
Sporting goods.
thous. of dol
72
179
°112
114
184
223
179
93
55
223
167
257
310
Stationery and books
thous. of dol_.
161
82
187
137
385
166
198
149
«319
117
433
503
548
Tobacco manufactures
thous. of dol._
421
439
449
486
461
539
"384
523
425
454
302
188
313
354
284
521
152
Travel and amusement
thous. of doL.
"318
283
343
459
418
257
554
660
643
Miscellaneous..
thous. of dol
414
°304
312
319
574
580
433
739
652
472
2,317
1,827
2,264
2,136
1,791
2,013
2,501
2,271
1,534
1,375
1,765
2,469
1,853
Lineage, total t
thous. of lines.* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N.I.R.A. highway work started in September 1933;
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. See special note below on foreclosures.
t Revised series. See p. 20 of the October 1933 issue.
§ Index as of Jan. 1. 1935, 198.1
• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States
having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,
209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the
figures for these months are from a slightly different number of communities.
o Revised.
109756—35
4
i«
SURVEY OF CURRENT BUSINESS
26
Monthly statistics through December 1931,
1934
1933
1934
|
ences to the sources of the data, may be found Decem- ^'January *•*•"
ber
in the 1932 Annual Supplement to the Survey
February 1935
March
April
May
June
July
August SeptemOctober j
ber
i^m"
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising:
Lineage, total (52 cities) •
thous. of lines_- 105, 669 96, 716 82, 455 80, 788 103, 648 107, 491 112, 122 103, 646 83, 183 87, 692 96, 378 108, 810 106, 999
13, 661
17, 808
17, 932
16, 577
Classified
thous. ofUnes.- 17,389 15,548 ! 15, 045
18, 689
17, 936
16, 475
17, 790
18, 605
17,414
Display
_thous. of lines - 88, 280 81, 168 ! 67, 409 67, 126 87, 071 89, 683 94, 190 84, 957 66, 709 69, 902 78, 442 90, 205
89 585
Automotive
__ - _ thous. of lines _.
3, 920
3,936 i! 5,931
6,179
8,180
6,514
4,841
4,358
9, 296
9,503
7,076
3,917
3 592
1,432
2, 159
1,643
1,808
Financial
thous. of lines.1,506
2,010
1,481
1,528
1,219
1,193
1,653
1,718
1,285
19, 384
16, 745
20, 183
21, 798
General
thous. of lines. - 13,482
12,275 13, 977
19, 531
16, 103
22, 039
15, 279
13, 769
19, 095
Retail
thous. of lines. - 09, 446 63,451 45, 343 44, 381 59, 498 59, 512 61, 616 54, 395 42, 636 48, 401 56, 305 62, 595
65,614
GOODS IN WAREHOUSES
Space occupied, public merchandising warehouses
percent of total..
67.4
67.2
65 7
67 4
67.6
65.9
66 0
65 8
o 63 2
70 1
66 0
63 9
NEW INCORPORATIONS
Business incorporations (4 States)
number. . 2,106
2,864
1,788
2,393
2,525
2,106
2,507
2,320
2,185
2,140
2,092
2,048
2,013
POSTAL BUSINESS
Air mail, mile performanee*_thous. of pounds. _
246, 861 374, 591 454, 193 511,006 487, 707 580, 239
Money orders:
Domestic, issued (50 cities) :
4 394
Number
thousands .
4 013
3 138
4 040
3 822
3,519
3 553
3 915
3 611
3 419
3 452
3 270
3 286
Value
thous. of dol
34 551
34, 225
32 795
31, 753
38 328
31 743
36 183
34 097
36 639
35 487
33 896
32 670
34 306
Domestic, paid (50 cities) :
1
Number
thousands. _ 13,142
10, 375
12, 620
12 118
11,282 i 10, 056
11,999
10, 476
9,784
12,049
11,257
10, 953
10, 253
Value
thous. of dol. _ 101 ("-99 98 551 i 89 761 79 192 94, 176 85, 219 89, 684 88 088 83, 727 88 045 87, 976 111,756
102 390
Foreign, issued— value
thous. of dol__
2,507
2, 219
2,422
1,985
5, 110 \ 2,030
2, 006
3,047
2,118
2,043
2,299
2,267
Receipts, postal:
50 selected cities
thous. of dol _
50 industrial cities
- thous. of dol.
RETAIL TRADE
Automobiles:*
New passenger car sales:
Unadjusted
1929-31 = 100__
51.9
27.1
68.4
78.1
87.9
84.6
73.9
63.1
47.3
°39.2
17.3
22.8
45.7
a. (53 Q
Adjusted
1929-31 = 100. .
53 0
48 0
64 5
67 0
54 5
59 0
55 5
56 0
59 0
30 5
33 5
63 5
Chain store sales:
Chain Store Age index :*t
Combined index (18 companies)!
av. same month 1929-31 = 100. _
95
94
92
92
92
93
93
91
93
89
91
90
88
Apparel index (3 companies) t
av. same month 1929-31 = 100...
99
102
99
100
103
101
88
93
90
98
88
91
97
Grocery (5 companies)!
av. same month 1929-31 = 100. .
86
82
84
85
82
82
85
85
81
85
87
80
81
Five-and-ten (variety) stores:*
85.5
Unadjusted
1929-31 = 100__ 1 a 163. 9
73 0
87 2
79 7
79.9
91.3
92.9
70 2
82.5
90.0
86 3
153 7
Adjusted
--- 1929-3 1=100. _ ° 88 9
89 5
90 0
94 8
87 2
90 0
89 5
91 5
94 2
90 8
90 3
83 3
87 5
H. L. Green Co., Inc.:*
2,081
Sales
thous. of dol.. 4. 446
2,377
1,903 - 2, 218
2 287
1,974
2,327
2 289
1, 619
1, 525
1,840
4 071
Stores operated
number .
133
131
132
132
133
132
132
130
130
134
131
130
131
S. S. Kresge Co.:
Sales
.thous. of dol _. i 21,213 19 732
10, 414
9,472
11,499
10, 252
11, 285
8,825 : 8, 797 12, 321 10, 146 1 11, 680 11, 523
Stores operated
... .number.
724
727
731
721
723
724
731
721
722
723
728
724
726
S. H. Kress & Co.:
5,685
Sales
- -thous. of dol _ r> 412 11 441
5,732
6 367
6 182
5 083
5 107
6 331
6 096
5 336
5 574
5 757
939
227
Stores operated
number . !
232
231
227
231
229
227
230
230
230
230
230
McCrory Stores Corp.:
2,390
Sales
- -thous. of doL. 5, 526
2,582
2, 365
2,777
2, 658
5 664
2,497
2,820
2,492
3,257
2,745
2,419
194
Stores operated
.._ . _ number . i
194
209
194
194
204
204
202
195
209
205
204
200
G. C. Murphy Co.:
i 584
2, 105
Sales
thous. of dol . 4 471
2 481
2 466
*> 426
1 555 :
2 246
2,060
'
2 367
3 591
2 076
2 118
Stores operated
_ . .. .number.
181
184
181
185
181
181
180
179 1
180
180
181
180
F. W. Woolworth Co.:
21, 342
23, 304
22, 332
Sales
thous. of dol _ ' 39, 566 36, 996
19, 788
24, 035
22, 005
22, 000
19, 515
18, 137 i 17, 860
20, 795
1,954
1, 954
1, 954
Stores operated
number.
1 949
1,949
1,951
1,956
1, 944 i
1, 946
1 936
1,937 !
1,940
1 937
Restaurant chains (3 companies) :
3,520 ! 3, 725
3,541 1 3, 475
3,444
Sales
thous. of dol _ • 3, 766
3,308
3,472
3, 146
3,678
3,623
3, 568
3,265
369
367
Stores operated
number.. !
373
368
365
374
374
372
372
373
373
372
372
Other chains:
1
W. T. Grant & Co.:
6,572
7,822
7,494
6,774
4, 833
5,950 1 7, 180
4, 550
5, 743
Sales..
thous. of doL. 14, 212
7,361
6,295
12,451
461
462
Stores operated
number
465
457
457
457
457
458
464
457
457
458
458
J. C. Penney Co.:
19,984 21,242
15, 477
21,381
12, 444
11,745 16, 497
16, 797
Sales
thous. of dol__ ! 29, 300 « 25, 828
17, 086
13, 967
16, 119
1,468
1,473
1, 469
Stores operated
_ _ _. number ! 1,474
1,467
1,465
1,465
1, 467
1, 467
1,465
1,467
1,466 ! 1, 466
Department stores:
Collections:*
Installment account
15.6
percent of accounts receivable .
17.1
16.7
15.8
18 3
17.3 1
17.5
16.4
16 0 1
15.0
16.0
15.6
Open account
39.0
44.1
42.4
percent of accounts receivable .
39.3
42.7
41.6
43 3 i
44.3
40.0
43.6
38.9
40. 7
79
« 134
121
59
82
83
Sales, total value, unadjusted._1923-25=100_. 1
57
73
77
70 i
51
73
60
146
84
74
90
91
59
68
83
83
91
70
Atlanta*
1923-25=100.
128
58
46
64
66 |
123
70
82
73
114
61
73
71
54 i
Boston.
1923-25=100.
45
124
72
79
77
57
71
65 i
78
Chicago*
1923-25-100
108
56
74
50
122
52 \
71
74
56
71
73
79
70
71
50
59
Cleveland*
1923-25 = 100.
108
14f
92
i
66
80
76
77
68
91 !
D alias*
1923-25 = 100
53
59
85
1°8
a
54
127
52 1
75
70
85
Kansas City
1923-25 = 100, -i
74
63
64
78
48
81
113
52
117
78
Minneapolis*
19^9=100 !
61 ;
70
81
76
102
69
47
64
85
137
72
72 j
New York*
1925-27=100
129
60
70
58 i
73
77
89
53
60
88
115
64
59
44
45
60 i
65
64
72
70
Philadelphia*
1923-25 = 100.
105
43
48
a
172
92
102
81 1
Richmond
1923-25—100 !
61
90
85
112
147
59
73
97
52
67
62 1
116
53 !
71
76
78
St Louis
1923-25=100
106
75
74
58
43
144
62
75
70 i
65
74 1
80
83
San Francisco*
1923-25 = 100.
131
60 1
60
81
71
0
Revised.
* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p. 18 of the March 1934 issue. Data prior to October 1933 on collections
not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available prior
to May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933. For earlier data on department store sales by
Federal Reserve districts, see p. 20 of this issue. Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexes
are computed by the Federal Reserve banks. For districts not marked by an asterisk the series are as previously published.
t Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
index and grocery index of Chain Store Age have been revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
• New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement and
monthly issues prior to December 1934.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
February 1935
27
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
1934
February
March
April
May
June
July
October I NovemAugust September
ber
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores — Continued.
Sales, total value, adjusted
1923-25=10076
69
Atlanta*
1923-25=100..
86
75
Chicago*
1923-25=100
64
74
Cleveland*.
1923-25=100
74
66
Dallas*
1923-25=100..
89
78
Minneapolis*
1929—100
78
69
New York*.,
.__
1925-27=100.
78
74
Philadelphia*
1923-25=100-.
65
60
San Francisco*
1923-25=100
83
76
Installment sales, New England dept. stores,
ratio to total sales
percent-4.2
4.7
Stocks, value, end of month:
Unadjusted
1923-25-100
60
62
Adjusted
1923-25 = 100
64
65
Mail-order and store sales:
Total sales, 2 companies
.thous. of doL. 76, 631 a« 61, 804
Montgomery Ward & Co
thous. of dol__ 34, 684 24, 855
Sears, Roebuck & Co
thous. of dol__ 41, 947 36, 949
Rural sales of general merchandise:*
134.2
Unadjusted _.. _ ..
1929-31 = 100
110.3
Adjusted
1929-31 = 100-.
94.5
77.7
67
73
74
82
73
72
73
71
73
67
74
72
83
69
66
76
61
71
59
73
79
90
82
70
82
74
78
63
76
76
96
76
68
86
75
75
66
78
74
76
71
67
74
72
77
63
78
73
80
70
70
79
77
76
58
81
6.5
7.5
6.1
7.6
12.2
8.5
8.5
7.3
68
65
68
66
63
65
59
64
61
64
67
64
71
64
74
65
43, 592
18, 312
25, 280
46, 037
20, 872
25, 165
51,072
20, 935
30; 137
46, 330
19, 266
27, 064
37, 387
15, 891
21, 496
44, 134
18, 915
25, 219
52, 997
23, 093
29, 904
64, 134
29, 704
34, 430
60, 595
26, 901
33, 694
74.0
79.6
70.8
73.8
74.9
79.7
68.3
72.3
58. 2
75.5
68.1
79.2
97.9
98.8
108.7
89.1
110.4
89.8
69
74
69
68
68
69
72
54
72
71
78
72
68
78
69
71
55
74
77
86
75
77
80
79
81
69
79
77
84
72
68
81
68
77
62
73
7.4
9.4
6.6
59
66
63
66
67
65
36, 705
14, 734
21,971
36. 016
15, 422
20, 594
66.0
79.5
73.1
80.7
77
82
74
74
74
EMPLOYMENT CONDITIONS AND
WAGES
EMPLOYMENT
78.3
78.6
79.5
75.8
76.8
78.1
74.4
77.7
80.8
82.3
81.0
Factory, unadjusted (B. L. S.)*__1923-25=100-.
73.3
82.4
109.4
106.9
108.6
110.6
112.8
104.5
105.3
108.6
Chemicals and products
1923-25=100
108.7
107.9
113.3
107.6
106. 1
104 4
111.7
112 3
110.9
108.0
106.5
103 5
104 8
107 7
111 2
Chemicals
1923-25-100
103 9
104 8
110 8
102.4
98.6
103.0
106.8
105.5
Druggists' preparations
1923-25 = 100_ 103.1
100.6
96.9
93.8
102.8
103.0
101.9
97.7
98.4
106.1
101.2
99.1
90.1
97.6
98.8
99.6
99.7
Paints and varnishes
1923-25= 100. _
93.9
102.6
107.4
99.5
113.4
Petroleum refining
1923-25 = 100- _ 110.7
110.2
111.4
112.9
111.9
111.2
110.6
107.8
111.7
112.9
110.3
109.5
325.2
304.2
305.5
321.9
319.0
273.8
296.8
307.0
320.8
Rayon and products
1923-25=100
329.5
322.0
319.4
267. 7
122.1
96.2
105.1
110.1
94.1
93.9
97.2
127.1
119.5
109.0
Food and products
1923-25=100 _ 103.8
99.2
99.6
115 8
115 7
107 7
110 3
114 6
116 3
116 1
Baking
1923-25 — 100
106 4
108 4
111 2
113 2
115 4
115 4
188.9
185.8
168.2
141.5
147.7
156. 6
183.0
151.9
Beverages ._
1923-25=100
140.5
140.5
169.1
176.7
148.7
121.2
112.4
Slaughtering, meat packing- .1923-25 =100.. 105.5
95.5
92.8
101.4
103.5
117.6
98.0
96.5
92.4
96.7
109. 3
70.0
76.4
70.3
68.6
66.0
66.2
Iron and steel and products__.1923-25=100.66.6
63.5
66.6
75. 2
66.0
72.6
66.6
70.1
79.1
72.4
69.7
65.3
65.4
67.3
Blast furnaces and steel works. 1923-25 = 100- .
67.0
65.0
72.9
76.8
65. 9
66.9
59.0
52.8
53.9
59.0
58.6
57.1
57.9
Structural and metal work... 1923-25 =100. _
51.6
56.0
59.7
58.5
58.0
52.7
99.1
85.4
99.6
Tin cans, etc
1923-25=100
86.4
79.1
79.6
88.2
91.2
101.0
93.9
96.7
89.6
85.5
89.4
91.1
90.3
92.7
83.4
Leather and products
1923-25=100..
78.7
82.9
92.3
91.4
87.7
85.7
81.6
84.8
92.2
91.9
75.8
89.6
92.2
86.8
89.0
85.5
82.3
Boots and shoes
_
.1923-25=100
82 9
80.8
91.3
79.8
88.4
95.1
91.5
91.5
Leather
1923-25-100
90 8
91.4
93.6
93 2
92 1
86 8
88 2
92 7
89 2
49.0
47.1
48.5
49.3
45.6
49.4
48.8
49.5
Lumber and products
1923-25—100
49.8
51.0
50.0
48 6
47 8
62.4
63.0
62.9
65.9
60.0
62.4
62.0
65.0
Furniture
.1923-25=100
60.8
61.3
66.5
65.2
65.0
36.2
36.1
37.6
37.0
36.3
36.3
33.3
39.4
40.4
37.9
34.6
36.3
Millwork
1923-25 = 100..
36.7
35.1
33.9
34.1
31.3
32.6
33.8
33.9
Sawmills
1923-25 = 100
33.3
30.7
34.3
36.
1
32 8
31 6
101.4
98.3
96.2
Turpentine and rosin
1923-25=100
98.6
97.3
97.8
101.2
102.4
89.3
92.4
107.7
98.6
92.9
78.6
70.0
72.9
76.8
78.6
Machinery
1923-25=100-.
71.8
77.7
77.9
80.3
81.3
80.8
77.9
78.5
75.9
69.3
66.8
Agricultural implements
1923-25 = 100. _
61.2
65.8
75.6
87.2
67.8
72.9
83.0
73.3
79.6
83.8
59.2
61.8
65.1
65.3
Electrical machinery, etc
1923-25=100..
59.4
57.8
65.4
66.2
65.4
63.7
65.9
65.0
65.6
Foundry and machine-shop products
64.1
68. 3
69.0
66.8
66.4
61.2
73.1
69.5
66.0
1923-25=100..
61.4
71.6
73.6
66.8
219.9
177.5
187.6
205. 0
217.5
214. 5
Radios and phonographs
1923-25=100.. 207.8
219.4
181.7
200.2
201.2
222.8
206.0
73.2
73.4
73
2
69
8
67
3
70
9
75.1
75
9
75
1
Metals nonferrous
1923-25—100
76 9
76 0
77 8
76 9
79.6
81.5
68.9
67.7
57. 5
Aluminum manufactures
1923-25 = 100. _
80.9
78.0
82.2
61.8
62.5
78.1
76.0
62.2
72.1
78.1
75.0
72.7
70.9
72.7
79.1
78.2
70.8
71.0
Brass, bronze, copper prod— .1923-25 =100. _
81.2
72.0
74.0
87.1
84.4
78.2
79.8
87.5
90.3
82.9
83.9
Stamped and enamel ware. _ -1923-25=100-.
72.7
94.0
95.6
93.0
87.5
93.4
93.8
92.4
93.1
93.7
95.3
96.4
Paper and printing
.
.1923-25=100
94.5
95.1
95 9
97.0
94.7
97 8
101.1
104.4
104.8
104.8
105.4
100.3
102.5
106. 8
107.2
106.6
107.7
Paper and pulp
1923-25=100
106.0
108 3
55.2
53.4
55.5
58.3
55.7
53.9
51.6
Railroad repair shops
1923-25=100
53.5
52.8
57.8
59.6
59.8
52 0
66.0
66.3
66.3
65.9
65.8
65. 1
65.7
Electric railroad
..1923-25= 100
66.7
66.3
66.7
66.7
65.7
65 5
54.4
52.5
54.7
57.7
53.1
50.5
Steam railroad
1923-25=100..
52.5
51.8
57.2
59.1
55.0
59.3
51.0
84.6
87.1
83.9
80.7
78.4
82.0
89.1
85.6
77.4
76.6
Rubber products
1923-25 = 100
83.9
90.0
79.0
78.1
77.4
73.9
70.4
Rubber tires and tubes
1923-25= 100..
74.6
82. 1
69.4
71.8
71.5
81.7
68.7
82.7
71.9
52.1
57.1
54.2
53.1
49.8
51.9
52.2
Stone, clay, and glass products. 1923-25 =100..
49.0
47.3
55.3
52.9
57.7
50.1
27.1
26.9
31.7
31.8
30.4
25.6
34.4
29.9
Brick, tile, and terra cotta
1923-25 = 100. .
24.7
30.5
33.1
29.9
28.0
42.4
59.1
58.4
55.0
41.0
Cement
1923-25 - 100
35.6
57 6
54.0
50 7
48 2
36.6
48.0
41 6
89.5
89.1
87.6
93.9
82.9
83.8
95.9
95.1
93.6
87.3
88.5
Glass
1923-25 = 100
86. 1
87.4
88.2
100.0
88.2
96.8
99. 1
85.9
92.3
Textiles and products
. 1923-25=100
88.0
96. 1
90.9
73. 1
90.9
92 8
98.4
89.9
89.7
89.4
96.4
94 9
87.0
85.6
Fabrics
1923-25 - 100
96 8
62 0
89 7
89 7
94 0
99.4
90.1
93.4
79.8
80.4
81.4
100.0
89.3
94.4
89.6
Wearing apparel
. .1923-25=100
94.7
95.5
86 0
62.1
62.1
64.4
61.1
65.1
62.4
Tobacco manufactures
1923-25 = 100- .
54.5
64.7
65.3
64.0
61.3
64.7
61.9
93.4
61.1
71.2
95.1
87.8
83.3
Transportation equipment
1923-25 = 100. .
84.7
99.1
99.4
63.9
"62.2
73.8
78.5
66.1
97.4
108.4
106. 8
98.4
92.5
Automobiles
1923-25=100
80.3
114.9
114.4
68.7
67. 1
80.9
88 9
38.5
40.8
51.3
48.1
34.1
°32.4
Cars, electric and steam
1923-25=100..
31.6
43.9
53.9
31.8
48.5
41.8
34.0
71.2
69.2
Shipbuilding
1923-25-100
67.3
64.4
66.0
69.3
71.2
69 3
71.7
73 1
76.6
71 3
69 6
78.4
81.0
79.4
79.3
75.1
82.2
82.4
81.4
Factory adjusted (F. R. B.)*
1923-25=100..
75.0
76.7
76.7
73.9
79.0
110.9
110.9
109.4
109.6
107.2
106.6
109.6
107.9
108.9
107.5
Chemicals and products
1923-25=100
107.7
108.2
108 0
115.1
114.9
101.4
103.4
103.1
106.5
113.9
Chemicals
1923-25=100-.
110.1
113.1
102.3
105. 3
108. 5
101.8
101.4
100.9
102.4
101.4
99.0
100.6
102. 1
101.4
101.8
Druggists' preparations
1923-25 = 100. _
99.7
101.3
100.8
101.3
102. 2
101.4
101.8
97.7
102.2
100.5
96.1
97.7
103. 6
99.3
Paints and varnishes
1923-25=100..
100.0
101.1
91.6
109. 3
112.1 : 111.3
110.4
107.8
109. 7
113.1
113.0
Petroleum refining
1923-25 = 100-. 112.0
112.6
112.4
111.3
110.9
325.2 ! 321. 9
273. 8
296. 8
304. 2
322.0
319.4
319. 0
307.0
320. 8
Rayon and products
. 1923-25=100
329 5
267. 7
305. 5
104.3 i 107.8
106. 7
101.7
104.0
104.0
107. 3
110.8
109.3
107.3
Food and products
.1923-25=100..
106. 4
107.9
110.5
112. 6
114.6
115.4
Baking
1923-25 = 100
110.8
113.0
113.2
113. 4
114.3
107.7
108.7
113.7
113.6
115 4
104.
1
93.9
95.1
101.9
114.7
Slaughtering, meat packing. .1923-25 =100..
93.9
95.4
93.7
97.9
122.4
116.7
108.2
101.1
71.4
66.4 i
69.1
76.3
66.4
67.6
64.9
71.5
65.4
Iron and steel and products
1923-25=100..
74.3
68. 8
65.6
67.7
68.1
66.6
73.4
Blast furnaces and steel works.1923-25 = 100. _
65.5
68.6
71.4
79.3
70.3
75.7
65.4
65.9
66.7
68.0
55.2
53.1
54.3
59.4
57. 8
Structural and metal work.. .1923-25 =100..
53.0
56.7
58.9
57.6
55.8
58.4
57.0
57.8
83.2
93.4
95. 8
84.5
88.1
92.4
Tin cans, etc
1923-25-100..
89.8
87.8
90.3
94.1
93.6
88.9
95.3
0
Revised.
* New series. For earlier data on factory employment unadjusted in detail, see pp. 16 to 18, inclusive, of the June 1934 issue. See pp 16 and 19 of the July 1934 issue
for factory employment adjusted total and in detail, and unadjusted total. See p. 20 of the December 1934 issue for rural general merchandise sales. For earlier data on
Digitized department-store
for FRASER sales seep. 20 of this issue. Note that adjusted indexes are not available for the Federal Reserve district not shown. Note also that the combined index
(adjusted) is computed by the Federal Reserve Board and the district adjusted indexes are computed by the Federal Reserve banks.
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
1933
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January Februber
ary
in the 1932 Annual Supplement to the Survey
ber
February 1935
1934
March
April
May
June
July
August ISeP£m- 1 October j
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT— Continued
Factory adjusted— Continued.
S3 4
82.4
83.6
91.4
88.4 ,
94.0
88.9
Leather and products
1923-25=100 .
88.9
90.5
93.0
82.4
87.9
81 4
80.6 i
82. 1
94.2
90 9
Boots and shoes
1923-25 = 100
88 1
87 8
90 0
93 1
87.7
81 4
87 5
79 7
82 3
90.4 !
89.8
93.4
92 3
94. 1
91.2 !
92 9
93. 0
93.8
Leather
1923-25 = 100
89 7
86.7
88-3
88 6
47.2
49.9
51.3
48.8
Lumber and products
1923-25=100
47. S
49.8
50.0
49.8
48.4
48.0
47 7
48.4
47 3
62.2
63.8
64.5
64.7
62.9
64 9
63 0
62 8
63 0
Furniture
1923-25 = 100
64 1
63 0
61 2
60 7
37.3
34.3
39.9
37.4
Millwork
1923-25-100
36.9
38 1
39.2
36 6 1
36.7
35.7
34.3
36 0
36 3
32.2
32 1
35.6
34.2
34.0
Sawmills
1923-25 = 100..
33.1
33.0
32.7
33.7 [
34.5
33.0
33.3
32.6
79.2
72.4
7L8
82.0
81.2
79.1
Machinery _ . _
1923-25=100..
74.0 ;
78.4
81.5
78.1
75.7
75.8
77 2
84.1
61.4
63.6
80.5
73.2
Agricultural implements
1923-25= 100..
73.8
72.4
71.1
70.5
70.9
82.3
76.4
82.1
59.4
65.6
65.4
57.8
59.2 :
66.2
Electrical machinery, etc
1923-25 =100_.
65.1
65.3
65.9
61.8
63.7
65.0
65.4
F o u n d r y and machine-shop products
68.4
72.4
62.1
1923-25 = 100..
62.8
72.3
69.5
63.8
67. 4
70. 4
66.6
68.9
66.9
67. 3
203. 8
215.8
239. 4
215.1
227.4
216.4
213.5
Radios and phonographs
1923-25 = 100..
250. 8
253. 7
164.7
197.7
157.1
175.5
78.2
76. 1
69 2
69 4
76.8
75. 1
Metals, nonferrous
1923-25 — 100
70 1
73.6
73 7
76 0
74 9
74 1
74 9
74. 5
80.7
72.6
71.3
78.7
75.8
71.6
Brass, bronze, copper prod... 1923-25 = 100..
71.3
73.3
76.0
77.7
71.9
72.8
88.4
94.3
91.4
Stamped and enamel ware.. -1923-25 = 100. .
79.1
75.1
92.9
85.8
78.9
84.3
91.4
89.1
82.8
84.0
95 7
96.1
96.5
92 9
93.0
91.7
95.5
94.4
Paper and printing
1923-25 = 100
93 4
95 5
95.6
95 0
96 0
108.3
107.2
101. 1
100. 3
102 5
106.0
104.8
105.4
Paper and pulp
1923-25 = 100
104 4 : 106 8
104.8
106.6
107 7
52.1
59.2
59.4
53.6
54.2
55.4
Railroad repair shops
1923-25 = 100..
53. 6
58.0
55.8
57.4
55.0
53.7
51.7
65.5
66.7
66.7
65.9
66.7
66.3
65.7
Electric railroads
1923-25 = 100
65 8
65 1
66 3
66 3
66 0
65 7
51.1
52.6
58.7
57.4
Steam railroads
1923-25 = 100
52.6
58.8
54.2
53.3
54.7
55 0
56 8
52.8
50 7
79.5
87.5
83 2
82 8
84 3
83 4
82 0
79 0
Rubber products
1923-25 — 100
85 1
89 0
90 4
78 1
77 0
74.4
78.9
74.3
Rubber tires and tubes
1923-25 = 100..
73.7
75.4
76.7
74.0
71.7
79. 7
80. 7
73.8
71.8
71.0
51.2
56.2
50.0
52.0
54.9
51.1
Stone, clay, and glass products. 1923-25 = 100. _
53. 1
54. 7
53.9
52.0
52.7
50.0
51.9
29.5
28.6
29.4 1
32.0
Brick, tile, and terra cotta__ .1923-25 = 100. _
29.3
29.4
28.7
28.1
29. 2
30. 3
31.3
29.2
30.0
43.9
47 g
55.4
38 6
46 1 !
55.9
54.3
50.9
Cement
1923-25 = 100
40 1
45 3
48 2
48 8
51 6
87.8
83.2
93.4
Glass
.
_
1923-25 = 100
93 1
94.4
90.5
92.8
85.3
89.1
81.7
91.8
91. 1
87 4
92. 1
88 1
96.0
92 2
72 9
Textiles and products
1923-25 = 100
87 3
90 7
90 2
91 3
95 1
97 3
97 8
90 2
92. 4
88.2
94.8
Fabrics
1923-25 - 100
88.5
94 8
91.1
90.6
62.7
96 5
96 1
89 0
88.8
88 2
87.4
94.8
93.4
Wearing apparel ._
1923-25 = 100 .
81.7
83. 1
90.8
91.3
91.3 i
85.5
92.4
94 9
97.3
90 8
61 . 6
61.6
62.7
62.9
62 5
Tobacco manufactures
1923-25 = 100
61 9
58 4
61.8
62 6 i
65 4
61 1
64 9
65 7
84. 4
Transportation equipment
1923-25 = 100- _
72.1
«91.2
« 69. 3
65. 6
«75.5
°82.5 j
"90.6
89.6
"94.0
«85. 8
«70.4
«83.7
96.6
104. 1
82.1
Automobiles
1923-25 = 100...
71.8
101.1
94.6
103. 7
108. 8
95.5
74.7
81.1
92.3
77.4
a
37.0
°38.2
Cars, electric, and steam
1923-25 = 100-. !
34.6
"46. 1
"53.2
"43.9
"52. 1
« 35. 3
MO. 5
« 41. 4
42. 8
«49.2
"35.9
69.6
70 9
Shipbuilding
1923-25 - 100
76 1
62 5
76 0
67 3
75 7
70 8
72 1
6° 8
65 7
67 3
75 3
Factory, by cities and States:
Cities:
77.3
84.5
74 1
Baltimore*
1929-31-100
80.6
79 4
72 1
81 9
76 1
79 96
84 6
81 6
80 1
78 2
66. 0
66 9
Chicago*
1925-27 — 100
69 3
60 9
67 7
70 1
60 8
63 2
64
65 1
67 2
67 9
65 9
78.6
87.5
Cleveland*
1923-25 = 100.. 1
74.1
83.6
86.7
76.7
76.3
78. 5
82.6
84.5
88.5
79.6
74.8
91.2
100.5
64.2
83.1
50.2
Detroit
1923-25 = 100.. 1
83.2
70.2
99.1
83.9
62.4
61.7 1i
107.7
112.7
84.0
86.2
Milwaukee*
1925-27=100
85. 1
77.5
77 1
76 7
75 8
82 6
76.9
80 6
81 6
81 0
79 4
73.6
67.4
73.3
New York
1925-27=100
66 9
71 4
70.5
75.1
75.6
74 1
74 7
74.7
68. 1
71.8
82.6
Philadelphia!
1923-25=100.. !
77.6
77.4
76.8
76.6
79.0
73. 3 i
78. 4
78. 8
76. 1
77.6
80 5
77.1
76.7
80.2
Pittsburgh*
1923-25 = 100..
73.4
73.4
77.1
70.0
81.5
79.2
75.7
79.4
76.3
87. 9
77. 6
States:
87.4
92 7 i
95.5
94.3
97.9
92 6
Delawaref -1923-25 = 100
95 8
96 1
96 6
94.8
89 1
89 0 !
93 4
eg o
72 9
69. 9
72 1 i
72 7
Illinois
1925-27-100 1
74 2
73 5
65 4
69 1
70 4
71 5
70 3
64 0 i
Iowa
1923 = 100 i 111.8
111.0
111 7
108 9
111 8
99 8
98 4 i 101 6
113 0
105 5
108 9
106 7
108 5
70.1
73.5
Massachusetts* t
1925-27 - 100 !
57.4
69 3
68.7
69 1 i
68 5 i
74 1
74 8
67 6
67 7
73 0
68 3
85.5
89.4
Maryland* .
1929-31 = 100
81.2
85.4
87.6
86.7
85 5
79 0 !
83 8
86 7
90 3
87.0
86 2
80.4
81.6
82.2
81.2
New Jerseyf
1923-25 = 100 1
79.8
81.9
77.4 !
78.9
80.1
80 1
79.9
81.7
82.3
71 1
79 2
73 2
72 1
New York
1925-27-100 i
72 0
66 2
71 0
71 4
70 9
69 6
65 8
69 7
70 4
86.3
Ohio
1926 = 100.. 1
84.4
93.8
80.1
79.4 !
85.4
93.3
89.0
81.9
°83.0
89.6
91.9
87.6
:
73 7
76 4
72 5
77
0
Pennsylvania!
1923-25 — 100
75
9
73
9
75 9
76
1
77
1
77
3
69
5
76
3
76
2
80.6
84.1
80.2
Wisconsin.
1925-27=100
80.9
79.5
84.1
76 5 1
75 7
77 2
79 3
79.6
82*4
85.7
Nonmanufacturing (Dept. of Labor):
Mining:
61.6
Anthracite
1929 - 100
63 8
56.9
60 7
57 5
58.5
54 5 '
63 2
67 5 i
58 2
64 1
53 6
49 5
79 7
76 7
Bituminous coal
1929—100
79 3
78 2
79 8
75 4
75 8
76 1
77 8
72 2
76 7
77 0
77 1
44.4
Metalliferous. . .
1929=100
42.3
43.3
43.2
40.8
41.0
40 6
39 8
41 7
42 7
39 6
40 3
39 9
78.7
Petroleum, crude production
1929=100-. |
81.8
79.5
72.4
76.7
80.0
78.8
75.0
81.6
73.2
72.8
74.0
82.7
42. 1
Quarrying and nonmetallic
1929 = 100..
51.8
54.3
53.3
49.5
56.6
45.3
38.8
55.6
39.7
42.0
48.7
54.7
Public utilities:
71.0
72.2
Electric railroads
1929=100
72.6
73.2
72.5
70 8
71 7 ;
72 2
71.8
70 5
71 0
73. 1
72 8
83 6
g9 2
Power and light
1929 — 100
83 1
85 8
85 8
85 5
84 0
81 7
82 4
81 8
81 2
85 0
85 6
69.7
Telephone and telegraph
1929=100.. 1
70.2 1
70.3
69.9
69.4
70.2 j
70'. 4
70.9
69'. 8
70.0 |
70.2
71.0
71.0
Trade:
90.8
82.6
82.9
83.7
81.7
89 1
82.6
79.0
Retail t
1919 = 100 .
79 8
79 6
81 5 1
82 5
77.8
§0 6
85 0
84 3
85 1
Wholesale t
1929 — 100
82 8
82 3
83 5
82 2
82 5
81 5 i
81 2
81 8 '
82 1
Miscellaneous:
1
Banks, brokerage houses, etc.*!_1929 = 100_. 1 (3)
99.2
99.4
99.3
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
72.4
Dyeing and cleaning*!
1929 = 100 !
84.3
84 9
80.0
80.3
70 5 i
68 1
72 4 !
79 9
75.8
80 5
68 1
78 6
83.3
Hotels
1929=100 !
84.4
84.2
86.2
83.7
85.7
86.3
86.2
77.6
81 5
84 8
86 4 I
86 7
79. 5
Laundries*!
1929=100 ;
82.1
80.3
82.9
81.7
84 0
78 4
79 2 !
80 5
84 6
83 7
78 5
78 4
Miscellaneous data:
Construction employment, Ohio. 1926 =100.
21.6
26.4
25.1
"24.7
20.2 |
24.5
31.7
38.0
30.5
26.6
27.3
23.6 |
21.0
Farm employees, hired, average per farm •
number.
.92
.65
1.02
.94
.66
.64
.80
.87
.88
.73 i
.67
.80 1
.80
Federal and State highway employment,
total*
number
323, 700 362 031 315 989 306 090 296 265 ' 345 278 466 504 545 013 549 203 531 034 498, 151 450, 322 426, 603
Construction*
number- i 189,020 221, 168 179, 499 179, 125 164,038 | 209,167 299, 133 374, 056 380, 701 350, 764 309, 745 281, 087 267, 152
Maintenance*
._
_ number
134, 680 140, 863 136 490 126 965 132 227 i 136, 111 167, 371 170, 957 168, 502 180, 270 188, 406 169, 235
159, 451
Federal civilian employees:
United States*.
_ . . . number 1 707, 606 627 113 ! 627 155 647 759 659 503 i 680 026 694, 968 696, 977 702 037 707, 546 713, 662 715, 606 707, 307
Washington
number i 94, 050 75, 450 I 78 045 79 913 81,569 1 83,850 85, 939 87, 196 87, 978 91, 065 92, 557 093, 322
93, 827
Railroad employees, class I
thousands. !
999
980
982
992
1,061
1, 065
1,048
1,035
1, 028
982
1,015 ; 1,033
1,071
Trades-union members employed:
79
All trades
percent of total 1
72
75
75 !
76
76 !
72
75
76
73
74
75
71
49
44
44
Building trades*
percent ot total i
45 ;i
42
43 1
43
42
45
40
° 43
38 !
45
a 74
73
Metal trades*
. _ percent of total I
73
64
65 1
70
72
75 !
76
75
75
66
78
83
Printing trades*.
.percent of total !
83
84
82 i
82
82
83 i
83
83
83
81
81
81
84
81
All other trades*
percent of total i
83
83
° 79
80 1
84 i
84
84
81
78
78
81 1
94
On full time, all trades. ..percent of total. !
52
52
53
48
49 !
52
53 i
53
49
48
48
49 !
0
Revised.
3 Not available.
* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, total United
States, pp. 18 and 19, December 1932; employment in banks and brokerage houses, etc., Federal and State highway employment, dyeing and cleaning establishments, and
laundries and employment in Chicago, pp. 19 and 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934; trades-union members
employed, p. 18, of the December 1932 issue.
! For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania, and Philadelphia, p. 19, September 1933; and for Massachusetts, employment for 1931, 1932, and 1933, p. 19, August 1933. Employment in banks, brokerage houses, etc., for 1932, p. 28, January 1934. Employment in laundries
and dyeing and cleaning establishments, p. 20, August 1934. Data prior to that given above on retail and wholesale trade employment not published, excepting for the
few additional months given on pp. 6 and 7,
• Figures represent the condition as of the end of the month shown. They have been pushed back from the data published as of the first of the following month by the
http://fraser.stlouisfed.org/
Department of Agriculture. This method was followed since September 1932. Figures shown previous to that date in the Survey are as of the first of the month.
Federal Reserve Bank of St. Louis
SUEVEY OF CURRENT BUSINESS
February 1935
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
29
1934
U
|J?y ~
March
April
May
June
July
August
SG
&I™- October
N
°bveerm-
EMPLOYMENT CONDITIONS AND WAGES — Continued
LABOR CONDITIONS
Hours of work per week in factories:*!
Actual, average per wage earner
hours..
Labor disputes: t§
Disputes
number
Man-days lost
number
Workers involved
number
Labor turn-over (quarterly):*
Accessions
percent of no on pay roll
Separations:
Discharged
percent of no. on pay roll
Laid off
percent of no on pay roll
Voluntary quits percent of no on pay roll
35.0
PAY ROLLS
63.2
Factory unadjusted (B. L. &) *__ 1923-25 = 10091.7
Chemicals and products
1923-25=100..
Chemicals
- -.1923-25 =100. . 90.0
94.8
Druggists' preparations
1923-25=100..
78.1
Paints and varnishes
1923-25= 100. .
Petroleum refining
1923-25 =100_.
97.8
240.1
Rayon and products
1923-25=100
Food and products
. . . 1923-25 = 100. . 92.9
98.7
Baking
..
1923-25 = 100..
135.0
Beverages
1923-25=100..
98.4
Slaughtering, meat packing. .1923-25 =100. _
47.7
Iron and steel and products... .1923-25=100..
46.5
Blast furnaces and steel works. 1923-25 = 100. .
39.7
Structural and metal work.__1923-25 = 100._
79.6
Tin cans etc
.1923-25=100
69.1
Leather and products
1923-25—100
63.7
Boots and shoes
1923-25=100..
86.5
Leather
-- ...1923-25= 100
33.3
Lumber and products
1923-25= 100. _
Furniture
1923-25 = 100
45.9
Mill work
1923-25 = 100
24.6
20.0
Sawmills
1923-25=10050.2
Turpentine and rosin
. 1923-25 = 1 00
60.2
Machinery
1923-25=100
91.2
Agricultural implements
1923-25 = 100. .
Electrical machinery, etc
1923-25=100..
52.2
Foundry and machine shop products
1923-25=100..
49.7
Radios and phonographs
1923-25=100..
132.0
Metals, nonferrous
1923-25= 100._
61. 5
Aluminum manufactures
1923-25= 100..
56.2
Brass, bronze, copper prod. „ 1923 -25 =100..
55.6
Stamped and enamel ware.. .1923-25=100..
79.1
Paper and printing
1923-25 =100
86.5
Paper and pulp
1923-25=100..
84.2
Railroad repair shops
1923-25=100..
44.4
Electric railroads
1923-25=100 .
58.4
Steam railroads1923-25 =100. .
43.5
Rubber products
1923-25=100..
66.0
Rubber tires and tubes
1923-25= 100. .
60.0
Stone, clay, and glass products.!923-25=100..
34.4
Brick, tile, and terra cotta. .. 1923-25 =100. _
15.3
24.1
Cement
1923-25=100
Glass
1923-25=100—
71.9
Textiles and products
1923-25=100
75.3
80.2
Fabrics
— 1923-25 = 100Wearing apparel
1923-25=100
61.3
Tobacco manufactures
1923-25=100
49.9
Transportation equipment
1923-25 = 100. .
67.7
Automobiles.—
1923-25=100..
76.4
Cars, electric and steam
1923-25=100..
31.5
Shipbuilding
_
1923-25=100
57.2
Factory by cities:
Baltimore*
.1929-31 = 100
66.4
Chicago*1925-27 = 100..
45.0
Milwaukee*
... .. .1925-27= 100
66.4
New York*
1925-27 = 100
60.3
68.5
Philadelphia*!
1923-25=100
Pittsburgh*
1923-25=100..
53.4
Factory by States:
63.7
Delawaref
...1923-25=100
48.2
Illinois
1925-27 = 100..
Maryland*
.. .1929-3 1 = 100
72.1
Massachusetts*!
1925-27= 100. _
58.4
64.7
New Jersey!
1923-25=100
New York
1925-27=100
68.0
Pennsylvania!
1923-25= 100. _
57.9
Wisconsin
1925-27=10062.5
Nonmanufacturing (Department of Labor):
Mining:
Anthracite
1929=100
52.3
Bituminous coal
1929 =100. _
57.0
Metalliferous
. . .. 1929=100
29.4
Petroleum, crude production. _ _ 1929 =100. .
59.5
Quarrying and nonmetallic
1929=100..
23.6
Public utilities:
Electric railroads
1929=100..
62.3
Power and light
1929=100
78.3
73.2
Telephone and telegraph
1929=100..
33.8
30
404, 993
13, 152
34.3
31
616, 465
30, 618
35.5
36.4
36.1
35.5
35.4
34.1
33.5
33.3
34.0
33.9
54
83
94
101
39
81
103
789, 553 1,091,023 2,280,164 2,221,390 1,903,450 2,076,334 1,775,814
54, 697
69, 198
37,700 73, 035 73, 355 67, 859
18, 627
11 31
19.79
13.07
10.31
.62
11 34
2.18
.61
6.65
2.73
.69
11.00
2.97
.56
9.53
3.00
54.5
84.9
86.6
92.9
68.8
89.4
220.9
84.4
89.6
130.8
82.0
43.7
43.0
34.2
81.5
81.1
55.7
78.8
31.0
40.1
22.0
20.0
48.9
49.1
59.8
39.8
54.0
84.5
86.9
90.9
71.5
89.5
208.1
80.7
88.5
127.7
81.8
41.1
41.2
31.9
71.1
67.5
64.2
77.9
27.4
35.3
19.7
17.4
50.4
47.6
65.2
38.2
60.6
87.2
88.0
91.8
74.5
90.8
220.0
81.1
91.4
128.5
78.6
45.7
46.1
33.5
70.5
81.7
81.0
82.6
30.5
40.5
21.7
19.1
51.7
51.8
75.7
40.9
64.8
89.1
89.1
92.6
77.1
92.0
218.2
82.2
91.8
138.3
75.9
51.3
52.2
35.1
79.7
84.4
84.1
83.9
31.9
41.1
23.2
20.7
46.2
55.8
78.2
43.8
67.3
92.3
95.8
92.4
83.0
92.0
221.3
83.1
91.3
150.9
76.1
56.8
59.4
37.6
84.2
82.1
81.8
81.9
33.3
40.3
24.6
22.5
53.7
60.5
93.6
47.8
67.1
88.3
94.4
88.5
87.9
92.7
191.2
87.2
95.3
167.0
80.7
61.3
66.1
41.5
86.9
78.9
77.6
82.0
34.6
40.5
25.3
24.2
51.4
62.2
87.2
49.9
64.8
88.1
96.1
90.3
86.3
93.1
200.0
91.9
96.5
182.5
87.2
62.6
68.9
42.7
94.1
72.9
70.5
79.8
33.9
41.2
24.1
23.2
51.0
61.6
76.1
51.8
60.4
88.7
96.6
86.1
78.8
95.7
208.6
95.6
98.2
193.5
91.4
47.6
47.9
40.6
94.5
77.2
76.2
79.2
31.6
39.3
23.1
20.9
50.3
58.1
70.2
49.8
62.1
90.0
96.5
89.9
77.9
97.2
213.2
105.1
97.8
185.0
99.0
45.5
44.0
41.8
93.6
78.7
79.1
76.1
33.5
42.7
23.1
22.1
51.3
57.8
68.3
50.2
57.9
89.9
92.1
92.3
75.8
96.3
215.5
109.3
99.6
167.0
109.2
41.1
37.3
40.5
96.2
69.2
67.7
73.6
33.9
44.6
21.8
22.3
52.2
55.3
66.7
48.0
61.0
91.6
92.4
99.1
78.1
97.9
217.2
103.4
98.3
157.2
107.0
42.8
39.2
40.8
82.5
64.3
60.4
76.9
35.2
47.2
24.1
22.6
45. 1
57.0
74.4
49.3
59.5
90.9
90.7
96.8
78.5
96.8
231. 6
96.1
98.6
142.2
100.7
44.2
41.7
41.2
79.4
61.0
54.6
82.0
33.6
44.5
24.0
21.3
47.9
57. 2
85.7
50.0
41.3
128.4
50.2
58.5
49.0
60.9
77.2
71.9
44.7
56.8
43.8
59.0
47.3
31.0
12.7
19.1
64.4
64.0
68.6
51.2
46.5
43.7
46.0
27.2
49.4
41.3
95.1
47.1
50.9
48.3
56.8
74.3
71.3
42.1
55.4
41.2
58.7
48.6
29.9
12.2
19.4
65.3
64.8
67.0
56.6
39.8
52.7
58.3
26.0
48.2
45.4
96.5
52.2
61.1
51.4
66.2
76.0
76.4
45.6
56.4
44.9
65.2
57.9
33.3
13.1
22.5
73.5
77.9
78.3
72.3
45.5
72.0
82.3
36.4
49.0
49.9
101.5
56.8
64.2
56.3
75.8
77.7
78.6
48.5
58.6
47.9
70.5
63.4
34.7
13.7
24.1
74.6
82.6
80.8
81.4
45.8
84.5
98.1
39.7
52.4
54.4
108.9
58.9
67.0
59.8
80.8
79.7
81.3
53.0
59.2
52.7
73.4
67.6
38.8
16.4
30.6
80.8
79.8
79.3
76.1
46.2
92.2
107.4
43.0
53.9
56.8
112.4
60.6
63.5
62.1
83.6
80.6
79.8
53.8
59.4
53.5
70.3
64.5
39 5
35.8
75.8
74.1
74.9
68.1
46.3
88.0
100.4
47.3
60.0
55.5
117.4
57.9
59.1
58.4
80.1
78.9
78.5
53.8
59.6
53.5
66.5
61.1
38.8
19.3
39.9
73.4
66.4
66.9
61.7
47.5
78.1
85.8
53.1
60.2
51.1
114.4
54.1
50.4
54.4
72.9
77.3
77.1
51.1
58.8
50.6
61.9
55.9
36.1
17.0
39.1
69.5
62.5
64.4
55.3
47.3
65.4
70.7
46.3
55.6
50.3
123. 1
53.2
40.8
51.2
70.8
78.4
78.8
48.5
58.5
47.9
58.8
49.9
34.9
16.8
35.4
68.2
68.1
64.7
70.6
49.3
69.9
76.5
47.0
56.4
46.7
127.0
54.0
41.4
48.7
66.7
80.3
79.6
45.6
56.9
44.9
56.1
47.6
34.7
16.1
33.9
67.4
57.5
49.1
70.9
50.3
51.9
54.3
36.7
57.0
47.6
137.8
57.5
51.1
49.5
70.4
82.7
83.2
46.8
57.1
46.2
58.3
49.6
35.5
16.9
32.4
69.4
74.7
73.1
73.4
49.0
49.4
52.0
31.6
56. 2
46. 6
131. 5
58.8
53.8
51.3
71.9
82.8
82.6
44.4
57.4
43.5
57.6
50.4
35.6
16.5
29.4
72.0
71.1
72.5
64.1
48.8
« 48. 4
51.3
«30. 0
54.0
63.1
37.3
51.7
53.2
57.2
46.4
61.4
38.9
49.8
53.7
54.4
41.9
65.9
40.5
53.6
57.4
58.7
46.5
70.6
41.4
58.6
62.1
61.9
52.7
75.3
42.0
59.7
60.9
62.5
55.2
76.6
44.6
64.8
59.2
61.4
65.4
77.6
45.5
65.8
56.2
61.3
65.4
75.4
45.8
61.8
55.3
61.3
50.6
68.8
45.2
61.1
59.4
61.7
55.5
68.9
46.1
56.7
60.8
60.4
49.4
66.2
46.4
58.8
61.8
64.2
52.2
67.7
43.7
60.7
59.6
66. 1
51.4
66.5
40.5
67.4
52.8
61.2
51.3
50.6
50.1
63.4
40.5
64.8
53.1
58.4
51.8
46.7
50.5
68.3
43.2
70.3
58.8
61.3
54.7
52 A
54.4
69.0
45.2
74.5
60.6
61.9
58.3
56.8
58.9
69.5
46.8
78.7
60.7
62.7
59.0
58.7
59.6
68.7
49.1
78.9
59.6
64.5
58.2
61.9
63.9
71.4
49.9
79.9
55.0
64.7
57.0
61.3
64.0
71.2
48.0
77.1
54.3
63.1
55.7
55.5
62.1
67.4
48.6
72.6
55.0
64.4
56.9
56.9
60.7
67.8
48.6
73.0
47.5
64.1
57.3
52.8
57.8
70.5
49.8
70.5
53.1
63.9
57.2
56.5
60.8
64.2
47.4
72.5
44.3
50.8
26.2
53.2
24.4
73.2
51.3
25.4
53.0
21.3
65.8
54.6
26.0
50.5
21.0
82.4
58.9
25.9
52.5
24.1
51.7
51.4
27.2
53.4
29.9
64.0
54.4
25.6
56.4
35.0
53.3
55.1
26.7
56.9
37.0
42.3
49.7
25.1
60.0
35.0
39.7
50.4
27.0
61.2
34.0
47.0
51.4
25.9
59.7
32.4
48.3
57.8
28.2
60.8
32.1
51.2
58.3
28.5
59.0
29.4
59.6
74.4
67.7
59.2
73.8
69.0
60.1
74.4
67.9
62.2
75.6
70.4
62.9
76.8
68.8
63.0
77.6
71.4
63.2
77.8
71.3
63.8
81.1
72.3
62.8
79.9
74.0
62.4
79.3
72.2
63.0
80.6
74.9
61.8
79.6
72.2
is!i
« 51.9
63.3
56.1
56.2
60.2
° Revised.
* For earlier data on the following subjects refer to the indicated pages of the monthly issues as follows: Hours of work and labor turn-over rates, p. 20, October 1932; pay
rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago, p. 20, June 1933; pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls,
Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh, p. 18, January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932. Data on factory pay-roll
indexes, by classes shown on p. 18 of June 1934 issue. See also p. 19, July 1934.
t Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues as follows: Labor disputes for 1932, p. 29, July 1933; pay rolls,
Philadelphia and Delaware, p. 19, September 1933; pay rolls, Massachusetts, for 1931, 1932, and 1933, p. 19, August 1933; pay rolls, New Jersey and Pennsylvania, p. 19,
September 1933. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue.
§ Data for 1933 revised. See p. 29 of the September 1934 issue.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SUEVEY OF CURRENT BUSINESS
30
Monthly statistics through December 1931, 1934
1933
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January Februber
in the 1932 Annual Supplement to the Survey
ber
ary
EMPLOYMENT
PAY BOLLS— Continued
Nonmanufacturing (Department of Labor}— Con.
Trade:
Retail f
1929 — 100
Wholesale f
_. _
1929=100-.
Miscellaneous:
Banks, brokerage houses, etc.*t-1929 = 100__
Dyeing and cleaning*!
1929=100
Hotels
_
_
. 1929 =100. _
Laundries*t
1929=100__
WAGES-EARNINGS AND RATES
Factory, weekly earnings (25 industries):*!
All wage earners _
_ _
dollars..
Male:
Skilled and semiskilled
_ dollars __
Unskilled
dollarsFemale
dollars
All wage earners
. _ ..- 1923= 100. _
Male:
Skilled and semiskilled
1923 = 100. _
Unskilled
1923 = 100
Female
1923=100
Factory, av. hourly earnings (25 industries):*!
All wage earners
dollars
Male:
Skilled and semiskilled
dollars ._
Unskilled
. . -dollars
Female
-.
- dollars. .
Factory, weekly earnings, by States:
Delaware
_ 1923-25 = 100_.
Illinois
1925-27 = 100..
Massachusetts*!
1925-27=100
New Jersey
.1923-25= 100. _
New York
1925-27=100..
Pennsylvania
1923-25 = 100
Wisconsin
.
.1925-27= 100. _
Miscellaneous data:
Construction wage rates: *§
Common labor (E.N.R.)—Ao\. per hour...
Skilled labor (E.N.R.)
dol. per hour...
Farm wages, without board (quarterly)
dol. per month _ _
Railroads, wages
dol. per hour
Road-building wages, common labortfl
United States
dol per hour
East North Central
. dol. per hour .
East South Central
dol. per hour..
Middle Atlantic
dol. per hour
Mountain States
. dol. per hour..
New England
dol per hour
Pacific States
dol. per hour..
South Atlantic
.
dol. per hour
West North Central
dol. per hour..
West South Central
dol. per hour
Steel industry:
U S Steel Corporation _
dol. per hour
Youngstown district
percent base scale. .
February 1935
1934
March
CONDITIONS
April
May
June
July
i August
Sep
bef"| October
November
AND WAGES—Continued
66 0
64.8
64 0
60.9
59 0
60 3
58 8
61 0
59 8
62 0
61 2
63 1
61 5
62 6
61 4
62 8
60 1
63 8
58 4
62 7
60 6
63 6
61 9
64 5
fi1 8
(3)
51 1
64.9
63.3
87.4
47 3
57.6
61.1
88.1
46 8
60.8
61.7
87.0
46 3
65 2
61.7
(3)
51 7
66 6
62.7
(3)
60 8
66 5
64 4
(3)
65 1
65 9
66 9
(3)
64 1
66 2
68.3
(3)
58 9
65 6
68 2
(3)
56 7
64 5
66 6
(3)
59 0
64 3
65 9
(3)
59 1
65 3
64 8
(3)
53 9
64 9
63 7
20 71
18.57
18 89
19 81
20.49
21 00
20 79
20. 70
19 92
19 59
19 53
20.01
« 20. 07
22. 55
« 16. 21
14. 39
"75.4
73.2
72.8
83.5
23 04
16. 58
15 09
77.8
21. 10
15.27
13 48
69.8
21 44
15 74
13 43
71.0
22 28
16.42
14 85
74 4
22 87
16.95
14 63
77 0
23 46
17 41
14 71
78 9
23 25
16.88
14 63
78 1
23 22
17.04
14 58
77.8
22 38
16 47
14 36
74 9
21 73
15 96
14 24
73 6
21 60
16 01
14 08
73 4
22.41
16. 31
14.38
75.2
74.8
74 4
87 5
68.5
68 5
78 2
69.6
70 6
77 9
72.3
73 7
86 1
74.3
76 1
84 9
76.2
78 1
85 3
75.5
75 8
84 9
75.4
76 5
84 6
72.7
73 9
83 3
70.6
71 6
82 6
70.1
71 9
81 7
72.8
73.2
83.4
64 2
593
550
551
558
561
579
586
586
587
588
591
.593
.594
. 656
486
.428
.609
.450
.407
.608
456
.411
.614
459
.415
.615
465
.419
.633
479
425
.646
486
.428
.648
480
.429
.649
484
.429
.650
481
425
.654
481
430
.656
.487
.428
.658
«. 490
.428
76 3
78'f)
88 9
81.6
78 4
75 2
75 1
66.7
71 2
84.7
77.4
71 5
63.3
74 6
68.4
72 5
83 3
78.7
69 6
64 1
76 6
70.5
75 3
85 7
78.6
73 5
68 1
75 4
71.2
76 4
85 4
80.8
76 7
72 1
75 8
72.1
75 9
86 7
80.6
78 2
72 2
75 3
73.6
75 8
87 3
80.7
82 6
74 0
76 3
74.1
74 3
87 0
80.2
81 3
74.3
77 1
72.6
75 2
85 3
79.8
74 4
69 3
76 3
71.7
75 4
86 5
80.9
77 0
71 2
75 4
70.7
77 5
86 4
80.2
74 0
69 4
78.0
72.8
72.5
86.9
79.5
76.9
73.5
75.4
72.3
72.4
87.3
79.1
76.7
73.0
.541
1.12
.520
1.06
.516
1.05
.527
1.06
.527
1.07
.534
1.08
.534
1.10
.534
1.10
.530
1.10
.530
1.11
.535
1.12
.536
1.12
.539
1.12
26. 69
24.90
.616
612
631
26.88
609
610
600
27.29
599
596
612
27.83
629
.616
40
.52
.30
42
. 55
42
.57
.32
.48
.34
38
.45
.23
39
.47
39
.58
.25
.38
31
37
45
.23
41
48
40
.58
.21
.38
29
37
46
.25
42
49
41
.57
23
.36
32
42
50
.30
42
.55
44
.57
31
.41
35
43
51
30
41
55
46
.57
31
.41
35
43
51
.30
41
.55
44
.57
31
.43
35
43
51
.30
41
.55
43
.57
.31
.42
35
42
50
.30
41
56
43
.58
32
.43
34
41
50
30
41
56
43
.58
31
.45
34
41
'50
30
42
56
44
.58
32
.45
34
.41
.51
.30
.42
.55
42
.58
.32
.46
34
.41
.51
.30
42
. 55
42
.57
.32
485
101.5
.440
101.5
440
101.5
440
101.5
440
101.5
485
101.5
485
101. 5
485
101.5
485
101. 5
485
101.5
485
101.5
.485
101. 5
485
101. 5 !
•s
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mills, of dol. _
764
534
543
771
685
613
569
516
562
561
750
520
539
Held by Federal Reserve banks:
3
1
1
For own account
_ .mills, of dol.
127
105
23
56
For foreign correspondents-mills, of dol._
1
1
1
1
4
4
5
4
2
5
3
Held by group of accepting banks, total
mills, of dol. .
442
597
567
581
576
472
536
507
480
517
483
516
503
Own bills
.mills, of dol_.
223
255
222
243
252
226
252
266
236
220
222
245
223
219
Purchased bills
mills of dol
254
312
324
315
299
281
260
250
261
265
280
271
Held by others
mills, of dol._
46
190
95
42
108
81
70
59
53
44
37
35
46
Com'l paper outstanding
mills, of dol..
166
109
108
141
151
117
133
139
168
192
188
188
178
Agricultural loans outstanding:
Farm mortgages:
1 214
Federal land banks
mills of dol
1 288
1 896
1 371
1 458
1 484
1, 549
1, 631
1,690
1,746
1,792
1,829
1,866
Joint stock-land banks
mills, of dol._
392
381
349
335
370
345
320
306
295
121
285
Land bank commissioner*.. .mills, of dol._
617"
71
120
174
238
259
311
430
379
478
552
587
516
Federal intermediate Acredit bank loans to
and discounts for:
Regional agricultural credit corp's and
production credit ass'ns
mills, of dol._
100
73
75
86
103
120
77
127
128
125
101
118
105
All other institutions
mills, of dol._
90
76
75
70
71
70
70
71
74
«73
73
83
88
Other loans:
Agricultural marketing act revolving fund
loans to cooperatives!
mills, of dol_.
55
158
70
68
55
69
67
55
55
57
55
57
55
Banks for cooperatives, inch Central
Bank*
.mills, of dol
19
15
28
15
16
21
17
19
21
25
25
23
23
Emergency crop loans* (1921-1934)
mills of dol__
90
81
78
84
73
68
90
91
92
78
91
91
83
(i)
(i)
4
Prod. cred. ass'ns*
mills, of dol
61
14
28
50
61
39
58
58
58
0)
Regional ag. credit corp.*
mills, of dol__
87
145
145
146
145
145
143
138
129
91
118
97
107
i Less than one million. Data shown in thousands appeared in the Oct. 1934 issue. Joint-stock land banks in liquidation. These figures will no longer be reported.
3
Not available.
* New series. For earlier data on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls, banks, brokerage houses, etc., p. 19,
June 1933; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933; factory weekly earnings, p. 20, October 1932; factory hourly earnings, p. 18,
December 1932; weekly earnings, Massachusetts, p. 18, December 1932: construction wage rates, p. 19, September 1933. Earlier data on additional series of agricultural
loans outstanding will be shown in a subsequent issue.
p. 20, August 1934; factory weekly and hourly earnings revised for 1933. See p. 20 of the July 1934 issue. Certain classes of loans included in figures shown through May
1934 have been reclassified by FCA and removed from the agricultural loan category. Data prior to that given on retail and wholesale trade pay roll not published, excepting for the few additional months given on pp. 6 and 7.
# Beginning with March 1932 method of computing rates was changed.
1 Increase in wage rates during March 1934 was due to provisions of title I, sec. 204, par. 2, item C of the National Recovery Act, which required State highway departments to fix minimum wage scales.
http://fraser.stlouisfed.org/
§ Construction wage rates as of Jan. 1, 1935, common labor, $0.538; skilled labor, $1.11.
Federal Reserve Bank *ofBreakdown
St. Louis of figure shown in issues up to November 1934.
February 1935
31
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January Februin the 1932 Annual Supplement to the Survey ber
ber
ary
1934
March
April
May
June
July
August Septem- October November
ber
FINANCE—Continued
BANKING— Continued
Bank debits, total
mills, of doL. 30, 880 26, 301 27, 221 25, 015 29, 685 31, 231 28, 757 30, 142 27, 752 25, 705 24,009 26, 750
24, 751
New York City
_
mills, of doL. 15, 214 13, 013 14, 023 13, 231 15, 608 16, 953 14, 652 15, 388 13, 842 12, 285 11, 122 12, 286
11, 343
Outside New York City
..mills, of doL. 15, 666 13, 288 13, 198 11, 784 14, 077 14, 278 14, 105 14, 754 13, 910 13, 420 12, 888 14,465
13, 408
Brokers' loans:
874
832
1,016
1,082
981
923
827
Reported by N. Y. Stock Exch. mills, of dol_.
845
938
880
903
831
1,088
3.14
3.00
3.00
2.68
2.62
Ratio to market value
percent..
2.55
2.42
2.56
2.67
2.99
2.57
2.59
2.45
By reporting member banks:
To brokers and dealers in
693
N. Y.*
mills, of dol
660
598
665
To brokers and dealers out153
side N Y *
mills of dol
155
54
44
Federal Reserve banks:
8,028
8,161
8,197
8,175
8,220
8,229
Assets, total.
mills, of dol __ 8,442
7,041
7,309
7,669
7,953
8,332
6,989
Reserve bank credit outstanding
2,462
2,464
2,485
2,463
2,464
2,472
mills, of dol._ 2,463
2,567
2,545
2, 455
2,688
2,630
2,453
62
29
5
5
5
5
6
9
6
Bills bought
mills, of doL.
6
111
133
6
22
11
54
31
64
23
15
Bills discounted
mills, of dol._
39
25
7
98
11
83
2,432
2,432
2,430
2,432
2,432
2,431
2,447
2,431
2,430
United States securities
mills, of doL_ [2,430
2,434
2,437
2,430
5,154
5,022
4,843
4,899
5,220
5,196
5,212
Reserves, total
_ .mills, of doL. 5,401
3,794
3,792
4,140
4,537
5,317
4,683
4,930
5,101
4,980
4, 989
3,931
4,336
4,303
Gold reserves§
mills, of doL. 4,405
4,808
5,107
3,569
3,557
8,028
8,161
8,220
8,197
Liabilities, total
mills, of dol.. 8,442
7,041
7,309
7,669
7,953
8,175
8,229
8,332
6,989
4,295
4,023
4,312
4,257
3 982
4 262
4 405
2 865
3 265
3 653
Deposits total
mills of dol
4 138
3 035
4 313
4,052
3,934
3,746
4,029
Member bank reserves
mills, of dol._ 4,096
3,093
3,599
3,840
4,006
2,652
3,457
2,729
4,081
3,134
3,167
2,980
3,060
3,069
3,213
Notes in circulation
mills, of dol_. 3,221
3,038
3,077
3,101
3, 161
3,080
2,926
70.2
69.1
70.1
70.0
Reserve ratio
percent-66.3
67.8
68.8
69.9
69.4
70.8
63.8
63.6
70.6
Federal Reserve member banks:*
Deposits:
Net demand
mills, of doL. 13, 685 10, 952 11,118 11, 398 11, 794 12, 221 12, 426 12,504 12, 745 12, 926 13, 083 13,476
13, 627
4,455
4,419
4,454
4,471
4,474
Time
mills, of dol - 4 388
4,370
4,488
4,510
4,501
4 392
4 351
4 367
Investments
mills, of dol__ 10, 575
9,215
9,280
9,889
9,906
9,723
10, 017
10,030
9,311
9,326
10, 059
8,200
8,772
U. S. Gov. direct obligations* •
mills, of dol__
7,192
6,639
6 715
5 205
U. S. Gov. guaranteed issues**
mills, of dol._
529
583
555
2, 862
Other securities * •
_ mills, of dol_. 2,800
2,789
7,794
Loans, total
mills, of dol_. 7,646
7,802
7,807
7, 705
8,185
7,873
8,161
8,026
8,014
8,385
8,136
8,349
Acceptances and commercial paper* A
mills, of doL.
436
456
452
977
986
On real estate* A t
mills, of doL.
979
1 185
On securities
mills, of dol
3 081
3 051
3 017
3 612
Other loans* ^
mills, of dol__ 3, 152
2,862
3 257
Interest rates:
Acceptances, bankers' prime
percent..
%
H-H
#44 H-Me
H-K
H-H
M-H
H-1A
H
%
tf-H
H
H
Call loans, renewal
percent..
1.00
1.00
1.00
1.00
1.00
.94
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Com'l paper, prime (4-6 mos.)
percent..
1
94-1
1-1H
94-1
94-1
94-1 1M-1H IK-I1^ \y±-\%
1-1 M
94-1
94-1
94-1
Discount rate, N. Y. F. R. Bank.. .percent..
1.50
' 1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
2.00
1.50
2.00
1.50
Federal land bank loans
percent-5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
Intermediate credit bank loans
percent. . 2.00
3.00
2.00
2.74
2.50
2.26
2.00
2.00
2.00
2.96
2.00
2.98
2.00
Real estate bonds, long term __ _ percent. _
Time loans, 90 days
percent-94-1
%-l
94-1
94-1
94-1
%-m 1-1H 94-1
94-1
94-1
94-1
3/4-1
94-1
Savings deposits:
New York State ...
mills, of dol._
5,154
5,076
5,114
5,054
5,145
5,122
5 128
5 067
5,097
5,090
5,134
5 064
5 119
U. S. Postal Savings:
Bal. to credit of depositors ..thous. of dol_. 1,207,183 "1,208,887 "1,200,802 "1,200,049 "1,199,985 "1,197,488 "1,196.907 "1,197,920 1,190,288 1,192,199 1,192,764 "1,198,578 1, 203, 437
Balance on deposit in banks .thous. of dol_. 527, 594 914, 235 902, 225 883, 705 "855, 533 806, 163 730, 051 694, 575 643, 600 596, 937 573, 022 "559, 918 544, 755
FAILURES
Commercial failures:
923
Total .
number-963
1,049
1,052
912
790
1,102
929
1 132
977
1 033
1,364
1 091
103
Agents and brokers
number
100
85
102
98
64
100
106
99
95
95
118
117
Manufacturers, total
.
number..
225
248
235
214
246
279
237
258
258
295
301
281
223
Chemicals, drugs, and paints. .number. .
4
4
13
4
6
6
7
6
6
5
6
7
3
Foodstuffs and tobacco
number _
25
23
23
23
32
32
22
19
23
27
30
28
16
Leather and manufactures
number. .
7
13
9
12
19
11
11
13
7
7
9
7
10
94
Lumber
number
32
27
35
24
40
26
37
32
32
28
36
30
Metals and machinery
number. .
26
25
27
25
41
26
33
38
26
32
43
28
19
Printing and engraving
number-14
17
9
16
16
10
10
20
9
17
16
12
12
11
9
5
5
11
7
11
Stone, clay, and glass
number
12
20
12
17
13
10
Textiles
_
number. _
29
29
29
22
27
19
32
26
47
40
34
30
30
Miscellaneous
number __
92
82
76
125
101
81
84
105
113
88
112
105
96
Traders, total
number
512
638
716
669
632
774
695
659
951
579
597
716
597
Books and paper
number. _
10
6
11
14
12
11
14
12
9
1
8
18
3
Chemicals, drugs, and paints. -number-62
55
64
41
80
78
68
59
57
68
69
62
68
Clothing
__ number
129
104
116
212
101
109
71
91
65
66
88
107
106
Food and tobacco
number
274
251
302
283
264
275
276
250
230
298
330
270
335
General stores
number. _
26
23
25
24
22
31
40
20
20
34
19
22
12
Household furnishings
number
60
108
96
125
131
95
64*
64
68
65
52
68
65
Miscellaneous
number __
124
88
94
129
154
119
106
92
71
113
93
116
94
Liabilities, total
thous. of dol _ 19,911 27, 200 32, 905 19, 445 27, 228 25, 787 22, 561 23, 868 19, 326 18, 460 16, 440 19 968
18 350
Agents and brokers
thous. of dol__ 4,503
4,331
4,880
9,096
5,529
5,319
3,350
4,416
3,401
1,735
3,968
4,47?
4,988
Manufacturers, total
thous. of doL. 7,578
5,943
9,674
8,658
12, 239
10, 300
9,581
9,265
6,786
7,467
7,489
5,927
6,396
Chemicals, drugs, paints. .thous. of dol_.
831
62
36
225
252
291
89
34
165
22
309
20
38
Foodstuffs and tobacco thous. of dol..
271
184
207
378
331
344
380
489
146
192
178
263
237
Leather and manufactures.thous. of dol_.
164
73
405
195
339
86
178
138
468
365
220
94
73
Lumber
thous. of dol__
1,652
1,412
1,748
1,170
2,600
1,638
1,579
975
1,892
991
1,291
1, 654
1,018
Metals and machinery
thous. of dol._
991
1,372
284
1,334
1,159
1,228
3,237
766
1,703
1,737
1,543
342
333
Printing and engraving thous. of dol_.
508
504
412
281
323
126
140
778
568
175
85
139
183
Stone, clay, and glass
thous. of doL.
140
194
348
192
432
138
487
503
1,099
146
365
312
316
Textiles
thous. of dol
343
350
1,123
580
2,183
601
951
717
1,361
673
998
418
481
Miscellaneous
thous. of dol_. 3,786
3,812
3,704
2,059
4,751
2,765
3,197
2,902
3,707
4,243
1,881
2 697
3 705
Traders, total
thous. of dol._
7, 830
9,446
18, 111
9,171
10, 108
10, 168
9,537
8,124
10, 319
7,569
7,238
9 564
6 966
Books and paper
thous. of dol__
80
152
51
195
231
127
217
198
135
225
177
57
5
Chemicals, drugs, paints __thous. of dol._
812
750
781
739
714
478
826
609
467
870
634
436
568
Clothing
thous of dol
1 254
1,232
2,271
894
1 719
1 083
1 357
790
1 004
587
504
994
1 027
3,124
4,424
Foods and tobacco
thous. of dol._
2,942
2,854
7,164
3,875
3,222
2,769
3,957
3,362
3,505
4,087
2,567
General stores
thous. of dol
224
311
371
457
278
175
123
317
145
540
532
320
155
1,732
1,222
Household furnishings
thous. of doL.
1,324
802
2,146
2,467
1,091
678
839
943
988
1,054
1,117
2,284
Miscellaneous
thous. of dol__
1,651
2,720
2,573
4,933
1,948
2,543
2,145
3,267
1,449
2,272
1,451
1,461
« Revised.
• Rate changed Oct. 20, 1933, and Feb. 2, 1934.
* New series. Earlier data for Federal Reserve member banks shown on p. 18 of the January 1934 issue except as noted below. These data cover 90 cities and supersede
Ikeprevious data for 101 cities. They are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which
discontinued reporting. New series on brokers' loans not available for periods not shown. For brokers' loans by reporting New York City member banks see November
1934 and previous issues. See special notes below on Federal Reserve member bank loans and investments.
§ Figures subsequent to December 1933 represent gold certificates on hand and due from U. S. Treasury, plus redemption fund—Federal Reserve notes, $35,138,000 on
Feb.
28, $32,748,000 on Mar. 31, $31,400,000 on Apr. 30, $30,000,000 on May 31, $25,724,000 on June 30, $24,056,000 on July 31, $24,000,000 on Aug. 31, $21,798,000 on Sept. 29,
Digitized for$22,032,000
FRASER
on Oct. 31, $20,137,000 on Nov. 30, and $19,060,000 on Dec. 31, 1934.
* These 3 series represent a break-down of the "Investment total." Monthly data previous to October 1934 not available.
http://fraser.stlouisfed.org/
* Data on acceptances and commercial paper, on real estate and other loans represent a break-down of the "All other" loans total which has previously been shtfwn.
Federal Reserve
Bank
St.aLouis
Tf nrldfirl.
t.hp.vofpriva
t.nt.a.1 nnmnarftblft
to fiemrfls fnrmarlv nrASP.ntfid.
32
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January
ber
ber
in the 1932 Annual Supplement to the Survey
February 1935
1934
February
March
April
May
June
July
August Septum- October Noven
ber
FINANCE—Continued
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalf
mills, of doL.
Mortgage loans
mills, of doL.
Farm
mills, of dol__
Other
mills, of doL.
Bonds and stocks held (book value):
mills, of doL.
Government
mills of dol
Public utility
mills, of dol~
Kailroad
mills, of dol..
Other
mills, of dol__
Policy loans and premium notes mills of dol
Insurance written :f
Policies and certificates
thousands. _
Group
thousands
Industrial
thousands-Ordinary
thousands
Value, total
thous. of dol_
Group
thous of dol
Industrial
thous. of dol..
Ordinary
thous. of dol
Premium collections!
thous. of doLAnnuities
thous. of doLJ
Group
thous. of doL.
Industrial
thous. of dol__
Ordinary
thous. of doL-
1,260
54
922
284
838, 576
71, 394
239, 873
527, 309
17, 217
5.649
1.234
4,415
17, 299
5,612
1,214
4,398
17, 345
5,568
1,193
4,375
17, 360
5,511
1,164
4,347
17,417
5,457
1,143
4,314
17, 487
5,398
1,124
4,274
17, 556
5, 335
1,101
4,234
17, 659
5,272
1,076
4,196
17, 725
5,201
1,047
4,154
17, 798
5,141
1 023
4,118
17, 891
5,077
1,001
4,076
17, 982
4,999
971
4,028
6,625
1 835
1,694
2,585
511
2,948
6,704
1,891
1,710
2,589
611
2,947
6,763
1,945
1,712
2,588
616
2,936
6,794
1,967
1,716
2,584
527
2,924
6,868
2,022
1,719
2,587
540
2,915
6,919
2,047
1,727
2,586
559
2,907
7,010
2 116
1, 732
2, 592
570
2, 898
7,133
2 203
1,740
2,606
584
2 893
7,200
2 236
1,750
2,617
597
2 889
7 392
2 407
1,754
2,619
612
2 886
7,517
2 503
1,758
2,626
630
2 880
7,603
2 577
1,784
2,630
612
2 869
1,039
1,096
1,015
47
29
15
766
773
752
244
275
248
715, 256 665, 457 648, 073
55 693 32, 673 26, 862
194, 030 197, 108 196, 816
465, 533 435, 676 424, 395
324, 877 249, 884 224, 676
25, 563
30, 012
19, 925
9,060
9,226
7,765
113, 588
59, 051 51, 121
172, 051 156, 210 145, 865
1,228
30
894
304
787, 628
33, 241
228, 107
526, 280
251, 119
22, 557
9,724
54, 012
164, 826
1,178
46
841
291
794, 495
62, 214
220, 366
511,915
245, 099
25, 030
8,255
52, 340
159, 474
1,132
1,201
1,042
1,073
880
34
25
26
51
16
868
805
766
793
654
299
276
250
255
211
791, 544 762, 490 694, 259 699, 879 551 556
40, 989 57 812 46 795 39 628 21 087
226, 013 211, 473 202, 256 212, 380 170, 935
524, 542 493, 205 445 208 447 871 359 534
244, 281 246, 414 252, 572 234, 662 211,892
28, 742 29, 266
33, 246
33, 501 22, 760
8,250
7,813
8,885
8,350
7,870
48, 018 54, 523
54 072 49, 111 50 772
159, 271 154, 812 156, 369 143, 700 130, 490
1,104
25
821
258
694,718
36 206
216, 439
442, 073
245, 252
27, 165
8,344
55, 301
154, 442
1,061
21
784
256
676, 757
28 137
205, 463
443, 157
236, 514
36, 771
7,845
48, 392
143, 506
(Life Insurance Sales Research Bureau)
590
472
588
Insurance written, ordinary, total-mills, of dol_.
548
556
484
495
571
581
471
476
498
400
251
202
244
251
Eastern district
mills, of dol
217
248
233
213
203
213
208
206
162
59
43
56
55
56
Far Western district
mills, of doL.
55
58
45
47
49
48
46
40
71
53
63
Southern district
mills, of doL.
67
67
68
66
54
60
59
58
57
52
209
174
208
209
199
Western district
mills, of dol
211
213
170
169
175
177
167
146
133
Lapse rates
. 1925-26 = 100 _
125
118
MONETARY STATISTICS
Foreign exchange rates :#
6
b
6
P. 333
b 333
6.330
6 336
*> 340
Argentina
dol. per gold peso
758
335
6 340
336
P. 330
* 344
338
* 337
.234
.233
Belgium
dol. per belga
.220
.233
.234
. 235
217
.229
237
.234
234
234
237
.082
Brazil
dol. per milreis
086
086
085
086
08?
085
086
085
082
085
084
083
1.013
1 021
Canada
dol. per Canadian dol
995
992
998
1 002
1 024
1 006
1 002
1 008
1 012
1 025
l' 029
.102
Chile
dol. per peso..
.096
.095
.101
.102
.103
.103
.103
.104
.096
.103
.103
.103
England
dol. per £_. 4.95
4.94
5.12
5.05
5.09
5.03
5.15
5.05
5.04
5.07
4.99
5.11
4.99
.066
France
dol. per franc__
.062
.066
.061
066
.066
.067
.066
.065
066
.066
.066
067
.402
.373
Germany
dol. per reichsmark..
.376
.397
.405
.395
.383
.402
.389
.396
.385
.395
.403
.372
India
- dol. per rupee
384
380
383
.371
379
383
379
381
.375
388
379
376
.085
082
Italy
dol. per lira
083
086
085
086
.086
086
.085
086
086
087
087
.288
.300
Japan
_
dol. per yen.301
302
307
.299
.300
303
.287
.291
.298
298
298
.676
.673
Netherlands
dol. per florin _ _
.629
.636
.679
.684
.681
.660
.679
.678
.676
678
686
.137
Spain
dol. per peseta-.130
.136
.128
.137
.137
.133
.137
.133
.137
.138
.137
.138
.255
Sweden
_ _ _
_. dol. per krona
264
.263
260
263
260
.255
.257
260
.261
.260
.266
258
.802
.802
Uruguay
dol. per peso__
746
.806
.803
.810
.802
.758
.806
.788
.806
801
812
Gold and money:
Gold:
8,191
7,602
Monetary stocks, U. S__
mills, of dol__
4,323 •» 4, 323 » 7, 137
7,759
7,893
7,989
8,047
7,736
7, 821
7,971
7,971
Movement, foreign:
61
Net release from earmark-thous. of dol._
-837 -1,133
489
11, 780
12, 206
986
260
-85
588 -1,055
2,419
68, 653
140
2 173
Exports
thous. of dol
44
22 255
114
1 780
6 586
14 556
310
4 715
51
10 815
37
121, 199
Imports
thous. of dol__ 92, 249
1,687
1,947 452, 622 237, 380 54, 785 35, 362
70, 291 52, 460
51, 781
3,585 13, 010
Net gold imports, including gold released
from earmark •*> *
thous. of dol_. 92, 170
2,652
9,438 521, 223 236, 499 53, 615 34, 071 64, 691 52, 934 36, 170 -16,251 11,097 120, 804
Production, Rand
fine
ounces 866, 037 894 156 907 641 826 363 874 112 865 822 898 418 868 129 876 094 881 861 857, 442 885, 627 "878, 847
Receipts at mint, domestic. .. fine ounces. _ 119, 864 184, 622 116, 543 68, 845 93, 222 97, 751 101,217 94, 439 141, 910 93, 212 144, 313 153, 887
96, 365
5,577
5,494
Money in circulation, total
mills, of dol._
5,341
5,473
5,368
5,355
5,669
5,339
5,366
5,355
5,350
5,427
5,811
Silver:
1,014
Exports
_ _ thous. of dol
1,162
2,404
1,741
1,424
1,698
590
734
665
1,425
1,638
1 789
859
Imports
thous. of dol.. 8,711
15, Oil
4,977
3,593
1,823
5,431
2,128
1, 955
4,435
2,458 21, 926 20, 831 14, 425
.544
Price at New York-- _ _ dol. per fine oz
.524
442
.452
452
442
452
.495
.543
459
.490
436
463
°15, 269
Production, world •...
thous. offineoz._ 16, 204
14, 824
13, 427
14, 871
13, 059
13, 640
16, 519
13, 667
15, 481 °15, 032 °15, 436
16, 131
1,512
Canada
thous. offineoz__ 1,187
1, 543
963
1,039
1,517
1,351
1,085
1,359
1,378
1,131
1, 015
1,368
C
6, 400
6, 241
6,098
6 821
Mexico
thous. of fine oz
7 822
7 065
5 321
5 413
4 495
6 461
6 536
6 000
5 391
2,917
United States
--thous. of fine oz
2,312
1,976
2 303
1,786
2,099
2 025
1 562
1,903
2 791
2,087
2 389
1,853
Stocks, refinery, end of month:
5,465
United States
thous. offineoz__ 1,146
7,174
«916
7,275
8,919
7,907
4,419
5,274
10, 645
7,865
5,068
11, 865
2,743
2, 739
2 593
2,955
Canada
thous. of fine oz
2 055
2 423
2 630
2 402
2 257
2 141
2 389
2 449
1 758
NET CORPORATION PROFITS
(Quarterly)
r> 315 0
Profits, totalf
mills, of dol
309 2
p 364 1
*>87.4
Industrial and mercantile, total mills, of dol
v 145 3
72 5
94 6
d
?20. 2
Autos, parts and accessories— mills, of dol
46.2
61
31 8
Foods
-_.
mills, of dol__
24.0
20.6
24.8
20.5
6.4
Metals and mining
mills of dol
9
2
84
9 0
Machinery
_ __ mills, of dol
3.8
54
16
31
Oil
mills, of dol
9.5
5.8
2.8
18 7
d
d
d
16.4
Steel and railroad equip
mills, of dol
10.9
v 14.8
10. 1
Miscellaneous
mills, of dol
39 9
39 9
38 0
38 9
Public utilities! - mills, of dol
46.6
59 1
v 55. 1
56 9
Railroads, class I (net railway operating
income)
_ mills, of dol
113 6
132 6
112 2
115 9
Telephones (net op. income) -..mills, of doL.
47.2
49.1
P50.1
- Or exports (—).
<* Deficit.
O Preliminary.
b
Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.
* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issue, net gold imports.
t Revised series. For earlier data see pp. 18 and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections, and
p. 19 of the July 1934 issue, corporation profits.
• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series previously presented in the SURVEY covered
the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931, 82.0; 1932, 75.5; and 1933, 77.5.
# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
* Decision of Treasury and Federal Reserve to omit gold coin from circulation figures as of Jan. 31, at which time it was carried as $287,000,000, is not reflected in the
http://fraser.stlouisfed.org/
January total, which is the daily average figure for the month. Large increase in February resulted from revaluation of the dollar to 59.06 percent of former gold content.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
February 1935
Monthly statistics through December
1931,
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
1933
33
1934
Decem- DecemJanuary Februber
ary
ber
March
April
May
June
July
October NovemAugust September
ber
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)
23,814
27, 299
27,080 | 27,190 27.188
Debt, gross, end of month
mills, of doL. 28,479
26,052
26,158
25, 068
26,118 j 26,155
27,053
27,189
Expenditures, total (inch emergency) cf
656,589
thous. of dol— 663,725 725,086 997,022 643,965 623,592 '2,983,939[ 563,226 749, 347 478,859 523, 078 462,034 771,530
292, 219
Receipts, total 1
thous. of dol- 439,088 341, 776 229,118 3,024,210 434, 555 199,278 246,801 411,337 232, 712 297, 256 515,383 302, 287
24,994
28, 376
23,792
21,041
Customs...
thous. of dol.. 32,428
26,306
23, 275
23,122
19, 331 22,952 36,174 30, 509
20,837
189,119
Internal revenue, total
thous. of dol.- 333,785 302,432 182,405 174,036 390,353 153,364 I 194,294 362, 243 195,592 229, 548 379, 738 209, 697
19.189
22, 528
24,803 228,526
Income tax
thous. of doL. 163,057 128, 289
21,075
23, 776 186,161
21, 709 22,924 171,177
15,850
Reconstruction Finance Corporation loans out- |
standing, end of month:* §f
i
2, 671, 378
Grand total
thous. of dol_J2,690,032 2,258,536 2,515,986 2,571,455 2,654,838 2,701,206 2,734,607 2,883,600 2,714,040 12,691,917 2,680,898 2,654,955
1 OM QQ
1, 295, 928
"
Total section 5 as amended, .thous. of doL.j 1,309,206 1,550,115 1,584,689 1,561,335 1,498,661 1,465,359 1,438,924 1,436,187 1,336,592 ! 1,297,412 1,289,672 1,283,439
Bank and trust companies, including re599,397
ceivers
_.thous. of dol_- 632,209 711,432 700, 630 690,465 651,176 620,470 606, 072 598,909 582, 200 594,905 591,972 583, 452
23,259
66, 238
Building and loan assoc thous. of dol__| 20,082
62, 820
59, 553
55,226
49,970 44,486
40,443
36, 893 31, 494 28, 252 25, 205
29, 420
60, 929
54, 058
51, 553 38, 249 35, 397 34, 748 32, 619 31, 678 30,722 29,982
Insurance companies
thous. of dol.. I 24,829
56, 269
159,
327
155,
874
Mortgage loan companies.thous. of dol--| 160, 591 177,850 178,944 167, 316 161,098 187,475 190, 870 192,151 184, 790 162, 081 160,767
Railroads, incl. receivers..thous. of dol-J 376,555 337, 078 340, 724 345,176 345,179 344,932 344, 695 353, 382 354, 447 343,189 343,287 353,170 361, 506
132,
303
126,
471
All other under section 5__thous. of dol—j 94,940 196, 595 245,309 244,774 234,435 224, 269 217,409 216, 559 145, 643 134, 064 134,672
Total emergency relief and construction act j
j
474,255
466,125
as amended
thous. of dol—I 473,312 437, 438 514,031 i 538,245 | 556,231 | 561,147 ) 571,631 612,189 i 571,964 I 533,864 505,902
117, 077
63,452
Self-liquidating projects._.thous. of dol—| 122,743
71,218 80,196
93, 010 96,062 ! 107,287 111,184 112,291
82,667 i 88J446
71,497
Financing of exports of agricultural sur- |
15, 271
14, 992
14,954
10, 052 11,051
15,185
14,985
6, 894
9, 043
12,314
12,749
pluses
thous. of dol—i 15,176
13,947
Financing of agricultural commodities,
48, 687
36, 332
and livestock
thous. of doL
68,077 ! 134,476 157,973 165,993 • 167,268 ! 171,875 206, 672 162, 175 | 113,068 81, 538
Amounts made available for relief and
297, 774
work relief
thous. of dol. .; 297,774 299,014 ; 299,014 299,014 j 298,991 i 298,897 '. 298,560 298, 559 298,542 I 298,524 298,227 i 298,006
Total bank conservation act as amended
849,819
thous. of doL. 865, 083 264,190 410,473 j 465, 081 I 593, 041 656,178 704, 017 814, 708 781,436 i 803,280 827, 660 837,929
59, 506
59, 391
6, 789 j 6,789
6, 789 | 6,900 ; 19, 519 , 20, 031
20, 511
24,048 j 57,362 57,664
Other loans
thous. of dol_. 42, 431
CAPITAL ISSUES
Total, all issues (Commercial and Financial
1
141,668
75, 717 I 90, 243 86, 984 146,879 236,245 141,872 305, 522 373,362 258,810 69,246 157, 574
Chronicle)
_
_thous. of doL. 186,127
131, 668
Domestic, total..
thous. of doL, 186,127 '• 75, 717 | 90, 243 86, 984 146,879 235,045 i 141,872 305, 522 373, 362 208,810 69,246 157,574
0
0
10,000
1,200
0
50,
000
0
0
i
0
0
0
Foreign, total.
thous. of doL.
0
0
29,800
16,150 I 7,483
15, 366 26, 340 ; 87,524 ' 31, 781 33,167 145, 779 18, 019 17,187 31, 390
Corporate, total..
thous. of doL. 47, 259
9,390
4,038
600
1, 569
10, 500
15,351 ! 5,983
3,366
4,609 ! 5,195
6,199
420
1,300
Industrial
thous. of doL.
0
0
0
0i
0
0
0
0
0 :
0
310
Investment trusts.
thous. of doL. 18, 500
0
0
0
0
0
0
0i
0
0
0
400
0
0!
Laud, buildings, etc.
thous. of doL.
0
0
0
0
0
0
0
0 ;
0i
0
Long-term issues
thous. of doL.
0
0
400
0
0
0
0
0
0!
0
0
0
0
0
0
0
Apartments and hotels..thous. of doL.
0
0
0
0
0
0
0!
0
0
0
0
0
0
Office and commerciaL-.thous. of doL.
0
I
28,000
1,360
6,315 13.187 ! 20, 000
4,000 43,500
550 1 1,500 12,000 15,000 ], 5,583
8,000
Public utilities.
thous. of dol-.
1,200
1,204
6,481 i 76,746 17, 582 19, 747 100,000
0
1,200 | 2,000
Railroads
thous. of doL. 23,072
0I
0
0
0
290
0
0
9,000
250 !
0
0
250 i
0
1,500 !
Miscellaneous
thous. of doL.
0
10,000
14,250 ; 28,000
13,000 83,000
8,900 25,000 i 45,000 32, 500 158,900 135,000 164,111
Farm loan bank issues
thous. of doL. 18,300
91,868
44,166 j 54,759
92, 583 26, 680 39,059 43,184
Municipal, States, etc
thous. of doL, 120, 568
62,718 95,540 103,722 : 77, 591 113,455
Purpose of issue:
107,036
New capital, total
thous. of doL. 140,941 '57,150 ! 47, 775
79,121 97,276 ! 143,404 j 102, 733 122, 506 216, 645 179, 548 43,375 121,903
107,036
97,276 ! 143,404 I 102, 733 122, 506 216, 645 179,548
43,375 121, 903
Domestic, total
thous. of doL, 140,941 > 57,150 ! 47, 775
79,121
390
8,227
8,019
34, 861 15, 601 | 5,983 13, 058 13, 770 I 28,241 ! 28,823
9.420 20, 279
Corporate
_. thous. of doL
4,387
10, 000
12, 500 11,500 105, 000 153,111
3,000 ! 15,000
M 0
7,000
Farm loan bank issues, .thous. of dol.
0 83, 000
5,000
91, 366 18, 418 36.188 38, 513
Municipal, State, etc
thous. of doL. 106, 080 '41,550 | 36, 792 59,063 80,506 J 100,164 61, 410 101, 586
0
0
0
0
0
0
0!
0 !
Foreign
___thous. of dol_.
0
0
0
0
34, 632
79, 262 25,872 35, 671
49,603 j 92,841 ! 39,139 183,016 156, 717
Refunding, total
thous. of doL. 45,185 ' 18, 567 ! 42, 467
7,863
21, 573
23, 747 125, 500 10,000 10,000 31,000
12,569 ; 59,283
2,958
Corporate
thous. of doL. 12,398
550 i 1,500
2,308
Type of security, all issues:
141, 668
Bonds and notes, total
thous. of dol. 184, 800
64,197 157,184
60,116 ! 84,260 85, 926 142,270 ! 231,550 138,631 296,102 j 371,783 • 258,810
31, 390
29, 800
Corporate
thous. of doL. 47, 259
15, 366 26,340 i 87, 524 28, 540 23,747 125,500 18,019
17,187
16,150 | 1,500
390
0
9,420
1,579
0
1,327
3,241
4,609 l 4,695
Stocks.
thous. of dol.
15,601 | 5,983
1,058
2,300
State and municipals (Bond Buyer):
\
79,792
49,247 41,974 « 70,488
Permanent (long term)
thous. of dol—|
302,474 ! «140,312 '75,681 '104.757 >112,453 I 80,921 '185, 229 '128,271
22,420
Temporary (short term)
thous. of dol..|
74,979 ; 86,175
25, 395 59,341 ; 18,850 \ 39, 596 60,474 60,478 18,852 j 99,050 13,986
SECURITY MARKETS
Prices:
Bonds
89.85
89.39
90.80
89.15 i 90.46
89.79
90.17
All listed bonds (N. Y. S. E.)
..dollars..; 90.73
83.34 j 86.84
88.27
88.27
91.23
91.68
91.13
93.16
91.09 ! 92.54 ! 92.32
92.00
Domestic issues
dollars..! 92. 57
90.05
85.11 i 88.77
90.12
80.15
80.61
80.97
Foreign issues
dollars. J
81.58
80.89 i 81.57 I 80.79
79.59 ; 78.97
75.90 j 78. 65
80. 43
79.89
Domestic (Dow-Jones) (40)
1
81.06
81.25
82.05
83.89
84.12
percent of par 4% bond..! 83.91
79. 73 ! 83.42 i 82.93
77.85
78.97
77.13
76.72 i 76.07
76.57
76.83
75.40
72.34
77.55
Industrials (10).—percent of par 4% bond..
80.06
69.64
74.31
Public utilities (10)
95. 39
92. 59
92.76
81.98 | 87.37 j 88.34
percent of par 4% bond..
96.18
71.85 I 75.64
80.18
90.33
Rails, high grade (10)
104. 68
103. 47 104. 68 102.19
97.46 | 100.50 ! 101. 57
percent of par 4% bond.J 107.47
99.70
103.25
83.07 | 89.05
95.19
Rails, second grade (10)
\
64.52
63.49
73.94 i 71.84
71.45
69.92
percent of par 4% bond. J
64. 61
71.97
64. 59
62.13
71.22
57.28 ! 64.41
99.0
98.4
98.8
97.0 |
99.3
Domestic! (Standard Statistics) (60).dollars__| 100.0
95.1
97.6
97.8
96. 7
83.6 | 88.3
92.9
104.85
104. 69
U. S. Government (Stand. Stat.)*^.dollars_J 105.53
100.95 ! 101.43
102. 74 103. 74 104.66 105. 34 105. 90 106.47 105.42 103.47
66.04
67.17
65.94
65.10
67.78 I 66.54
Foreign (N. Y. Trust) (40)„.percent of par..;
66. 78
64.39
65. 60
61.47 | 67. 73 70.22
Sales on New York Stock Exchange:
260, 507 263,750 317,140 285,009 278, 238 250,094
Total
thous. of dol. par value. _ 272,869 267, 259 413,391 | 373,852 324,464 i 356,859
56,359
98, 503
Liberty-Treas
thous. of dol. par value..! 52,667
47,980 i 55,486 i 65,488 64, 643
69,290 151, 220 128,605
41,865 70,264 j 23, 606
Value, issues listed on N. Y. S. E.:
\
44,144
41,765 ! 42,406 43,554 43,964 44,337
44, 083
Par, all issues..
..mills, of dol—! 44,816
41,829 I 41,761 | 41, 737 41,727
43,903
36, 612
36,515
36,461
Domestic issues.
mills, of dol_,j 37,307
36,113
33,815 ! 33,792 ! 33, 775 33,771 33,851 i 34, 504 35,663
36,185
7, 533
7,822
7, 622
7,890
Foreign issues
mills, of doL.I 7,508
8,014 | 7,969 | 7,962
7,915 ! 7,902
7,851
7,955
7,717
39,665
39, 547 39, 473 39,454 38, 751 39,406
Market value, all issues..
mills, of dol.J 40,660
34,861 i 36,264 ! 36,843
37,198 37,781 | 38, 239
33, 566
33, 262
33, 223 33, 225 33, 277
Domestic issues
mills, of dol.J 34,535
28,778 ! 29,996 I 30,440 30, 764 31,325 j 31, 855
32, 586
6,099
6,324
6,144 j
6,177
Foreign issues
mills, of dol.J 6,125
6,456 j 6,384
6,249
6,083 j 6,268 ! 6,403
6,435
6,165
« Revised.
* New series. For earlier data see p. 20 of the August 1933 issue, Reconstruction Finance Corporation excepting the item "other loans" which appears first in December
1934 issue and p. 20 of the June 1933 issue, U. S. Government bond prices.
f Reconstruction Finance Corporation data have been revised for the year ended June 1934. Revised figures for period October 1933-June 1934 shown above; JulySeptember 1933 revised figures have not been published. Figures subsequent to June 1934 are preliminary. Revised series for July 1931-February 1933 appeared on pp. 19
and 33 of the April 1933 issue (domestic bond prices).
§ This excludes relief grants to States by the R. F. C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator. These amounted to $499,251,915 on Dec. 31, 1934.
t Includes $2,808,221,138 for February, $2,233,252 for March, $409,051 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843 for
September,
$173,702 for October, $116,585 for November, and $132,296 for December representing the increment resulting from reduction in weight of gold dollar.
0
The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment in gold.
c? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
Digitized for or
FRASER
the period May 1932 to March 1933 are on p. 33 of the monthly issues, from June 1934 to November 1934. Later data are in monthly numbers.
Ml
0
SURVEY OF CURRENT BUSINESS
34
December 1931,
data, may be found
ment to the Survey
1934
December
1934
1933
De c e m
ber "
February 1935
January
an/11"
Marcla
I
' April
'.
\
May
i
June
1
July
j August
i
Septem- October
ber
Xo v e m
b e r '
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domesticf (Standard Statistics) (60). percent _ _
Industrials (15).
percent. .
Municipals (15) f
percent. _
Public utilities (15)
percent-Railroads (15)
percent-.
Domestic, municipals (Bond Buyer) (20)
percent..
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills**
percent..
182-day bills**
percent
U. S. Treasury bonds*
percent..
4.40
4. 88
3.52
4.47
4.70
5.63
6.68
4.89
5.40
5.54
5.25
6.17
4.67
5.08
5.07
4.90
5.70
4.48 i
4.75
4.66
4.74
5.51 :
4.21
4.65
4.56
4.61
5.28
4.11
4.58
4.46
4.56
5.29 i
3.93
4.57
4.47
4.47
5.19
3.73
4.51
4.45
4.45 ,
5.10
3.75
4.47
4.47
4.55
5.12
3.81
4.57
4.68
4.63
5. 22
3.84
4.64 i
4.82
4.51
5.09
3. 69
4. 56
4. 68
4.48
4.99
3. 57
4. 53
4. 82
3.81
5.48
4.89
4.74
4.56 '
4.27
4.17
4.01
4.05
4.15
4.21
3. 94
3. 89
.67
3.53
3.50
.63
.85
3.32
.08 ;
. 15
2. 97
3! 21
.08
.18
3.12
. 14
3.01
.07
2.94
.08
2.85
.20
2.99
.27
3.20
.21
3.08
.22
3.05
231, 750
209, 080
22, 670
191,995 201, 854
165, 023 174, 709
26,972 i 27, 145
212,413
188, 244
24, 169
177,807
172,416
5,391
162, 170
155, 651
6,519
264, 155
246, 149
18, 006
217, 544
182, 794
34, 750
113,295
107, 860
5,435
245, 625
230, 336
15, 289
162, 704
158, 368
4,336
140,477
135,419
5,058
343,031
319,129
23,902'
1, 168. 7
918.08
1, 023. 4 1, 038. 7
926. 13
926. 42
1,063.4
926. 87
1,079.8
929. 04
1, 073. 4 1, 094. 5 1, 105. 1
929. 04
929. 04
929. 04
1,113.4
918. 05
1, 128. 9
918. 08
1, 131. 1
918. 08
1,137.1
918.08 ;
1,163.9
918.08
1.24
3. 77
. 99
1.71 i
1.98 i
1.20
1.27
3. 77
1. 03
1.71
1.98
1.21
.70 ;
27
;
.06 :
Cash Dividend and Interest Payments
and Rates
Dividend payments (AT. Y. Times)
thous. of dol..
Industrial and miscellaneous. -thous. of dol—
Railroad
thous. of dol
Dividend payments and rates (Moody' s):
Dividend payments, annual payments at
current rate (600 companies) ..mills, of dol—
Number of shares adjusted
millions
Dividend rate per share, weighted average
(600)
dollars
Banks (21)
dollars..
Industrial (492)
. dollars
Insurance (21)
dollars
Public utilities (30)—
dollars, _
Railroads (36)
— dollars
1.27
3.73
1.06
1.78
1 90
1.21
Stocks
Prices:
Dow-Jones:
Industrials (30)
.
dol. per share
101.6
Public utilities (20)
dol. per share _
18.0
36.5
Railroads (20)
-dol. per share-New York Times (50)
dol. per share _ _
85.07
Industrials (25)
dol. per share _ 141. 46
28. 68
Railroads (25)
dol. per share
69.2
Standard Statistics (421)
1926 = 100
Industrials (351)
1926=100
80.3
58. 2
Public utilities (37)
1926 =100—
35. 8
Railroads (33)
1926=100
Standard Statistics:
49. 1
Banks, N. Y. (20)
— 1926=100
73.2
Fire insurance (20)
1926=100
Sales, 2V. Y. S. E
thous. of shares-. 23, 588
Values, and shares listed, 2V. Y. S. E.:
Market value all listed shares. .mills, of dol._ 33, 934
1, 305
Number of shares listed _.
millions
Yields:
Common, Standard Statistics (90) ._ percent ._
4.25
3.76
Industrials (50)
percent. _
7.84
Public utilities (20)
percent-3.68
Railroads (20)
percent-Preferred, Standard Statistics:
5. 48
Industrials, high grade (20)
percent--
1.11
3.61
.83
1.67
2.07
.91
1.12
3.58
.85
1.67
2.06
.98
1.15
3.58
.88
1.67
.206
.98
1.16
3.58
.90
1.69
2.06
.98
1.16
3.58
.91
1.70
1.98
.98
1.18
3.58
.94
1.70
1.98
.98
1.19
3.60
.95
1.70
1.97
1.09
1.21
3.77
.96
1.71
1.97
1.20
1.23
3.77
.98
1.71
1.98
1.20
1.23
3.77
.98
1.71
1.98
1.20
99.3
23.2
40.5
85.18
137. 27
33.12
70.4
78.8
67.3
40.3
102.7
25.2
44.9
88.21
140. 48
35.95
75.6
84.0
73.2
45.5
107.3
28.4
50.8
94.35
147. 91
40.79
80.5
88.4
80.6
50.0
102.1
26.4
48.1
90.06
141. 30
38.83
77.1
84.9
76. 1
47.6
104.3
26.0
49.5
92.36
144. 84
39.88
79.6
88.3
76.3
49.3
95. 3
23.1
43.6
82.66
131.17
34. 15
71.8
79.6
69. 8
43. 3
96.7
23.8
44.3
85. 71
135. 70
35. 73
73.5
81.4
71.9
44.1
94.5
22.2
40.7
83.00
133. 87
32.12
71.4
79.7
69.2
41.2
91.6
20.5
35.4
79.16
130. 46
27.86
67.8
76.7
64.6
35.6
90.5
19.8
35.1
78.76
129. 95
27.56
67.0
75.7
63.7
35. 1
93.5
19.8
35.7
81.71
135.32
28.11
67.3
76. 4
62.9
35.6
;
i
99.3
18.8
35.8
85.14
141.62
28.67
69.4
80. 1
60.7
35.3
42.4
49.9
34, 878
51.6
57.5
54, 567
57.8
64.2
56, 830
56.7
62.8
29, 916
60.4
66.9
29, 847
58.6
65. 2
25, 343
58.7
66.7
16, 802
57.8
66.8
21,116
53.4
65.1
16, 693
48.1
65.0
12, 636
48.7 :
67.3 j
15,660 ;
51.6
72.4
20,868
33, 095
1,293
37, 365
1,293
36, 658
1,293
36, 700
1,294
36, 432
1,295
33,817
1,294
34, 440
1,295
30, 752
1,294
32,618
1,310
32, 320
1,313
31,613
1,305
:
33,888
1,305
3.59
3.21
6.24
2.48
3.36
3.04
5.59
2.25
3.10
2.81
4.94
2.18
3.33
3.00
5.50
2.32
3.25
2.90
5.58
2.24
3.58
3.25
5.83
2.54
3.55
3.29
5.44
2.49
3.67
3.38
5.73
2.69
4.00
3.60
6.30
3.71
4.21
3.83
6.53
3.76
4. 22 \
3.83 i
6.71
3. 70 i
4. 14
3.70
7.14
3. 72
6.50
6.30
6.01
5.96
5.82
5.78
5.73
5.67
5.71
5.79
5.79 j
I
5.64
Stockholders (Common Stock)
i
:
;
i
!
I
674, 739
American Tel. & Tel Co , total
number
Foreign
. ___.
number..
7,826
232, 998
Pennsylvania Railroad Co., total
number
3, 156
Foreign..
number..
U. S. Steel Corporation, total
number. . 191,446
4,083
Foreign
number .
19.44
Shares held by brokers
percent of total
680, 454
7,418
238, 876
3,208
187, 978
3,450
18.80
671, 052
7,563
235, 809
3,174
186, 612
3,770
19.01
675 426
7,686
233, 826
3,165
190, 745
3,785
19. 73
675, 410
7,743
233, 707
3,151
192, 214
3,802
19.03
j
j
FOREIGN TRADE
INDEXES
Value:
Exports, unadjusted
1923-25=100—
Exports, adjusted for seasonal_1923-25=100—
Imports, unadjusted
1923-25=100-.
Imports, adjusted for seasonal .1923-25 =100. .
Quantity, exports:
Total agricultural products 1910-14=100
Total, excluding cotton
1910-14=100 .
45
43
41
41
51
48
41
42
45
44
42
42
43
47
41
42
50
50
49
44
47
50
45
42
42
45
48
47
45
50
42
44
43
48
39
43
45
49
37
39
50
48
41
43
54 !
45 !
40 !
39 i
51
45
47
47
109
93
93
72
80
63
75
67
60
63
50
60
59
48
46
46
46
54
65
61
82
70 ;
73
58
192, 638
172, 174
162, 805
191,015
179, 444
160, 207
170, 574
161, 787
171,965
191,660
206,352 :
194,901
VALUE§
Exports, incl. reexports
thous. of dol— •
By grand divisions and countries:
Africa
thous. of dol—
Asia and Oceania
thous. of dol—
Japan
thous, of dol—
Europe
thous. of dol—
France..
thous. of dol—
Germany
thous. of dol— ,
170,676
7,064
8,502
7,996
5,757 !
7,290
4,999
6,595
5, 708
6,659
3,940
5, 637
38, 132
40, 119
46,883 i 41,837
34, 229
38, 393
35, 903
37, 641
35, 935
37, 490
27, 538
26,994 ! 22,846
12,812
19, 977
14, 926
14, 824
16, 763
16, 295
16,310
13, 857
11,507
86,912
82, 182
95, 100 i
88, 541
90, 030
92, 496
66, 692
61,814
68, 728
80, 150
67, 618
10, 334
10, 512
9, 131
12, 909
6,379
6,476
13, 200
10, 935
10, 674
7, 263
8,140
7.443
6.275
5,063
13. 820
15. 392
10. 824
8.230
6.803
15. 728
6.847
7.703
* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years.)
See special note below on yield on U. S. Treasury bills.
t Revised series. For earlier data see pp. 19 and 33, of the April 1933 issue, yield on domestic and municipal bonds.
§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December, 1933, and January 1934
issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.
•
Monthly data on yields from 91-day bills for period December 1929 to May 1934 are shown on p. 20 of January 1935 issue. Data on yields from 182-day bills not avail
able prior to February 1934.
6, 663
44. 294
23, 309
69, 346
9,935
4, 646
5,899
40, 878
18, 259
102, 208
12, 129
13. 577
SURVEY OF CURRENT BUSINESS
February 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1933
I 1034
i
j Decem- Decem- January j Februj ber
ber
35
1934
March
April
June | July
May
NovemAugust September
ber ! October
FOREIGN TRADE—Continued
VALUE— Continued
Exports, incl. reexports— Continued.
By grand divisions and countries— Contd.
Europe— Continued.
Italy
thous. of doL.
United Kingdom
thous. of dol—
North America, northern
thous. of dol__
Canada
thous. of doL.
North America, southern
thous. of doL.
Mexico
thous. of doL.
South America
thous. of doL.
Argentina.
thous. of dol—
Brazil
thous. of dol—
Chile
thous ofdol..
By economic classes:
Exports, domestic
thous. ofdol—
Crude materials
thous. of dol—
Raw cotton
mills, ofdol—
Foodstuffs, total
thous. ofdol—
Foodstuffs, crude
thous. of dol
Foodstuffs, rnfgd
thous. of dol—
Fruits and prep
.mills, ofdol—
Meats and fats
_ _ .mills, of dol—
Wheat and
flour
mills, ofdol—
Manufactures, semithous. of dol—
Manufactures, finished thous. of dol—
Autos and parts
mills, of dol—
Gasoline
mills, of dol—
Machinery ...
mills, of doLImports, total S
thous of dol
Imports for consumption*
thous. ofdol—
By grand divisions and countries: # c?
Africa
__thous. of dol—
Asia and Oceania. ..
thous. of dol—
Japan
thous. of dol—
Europe
thous. of dol._
France.
..thous. of doL.
Germany
thous. of dol
Italy
..
thous. of dol—
United Kingdom
thous. ofdol—
North America, northern
thous. of doL.
Canada
thous. of dol—
North America, southern
thous. of dol—
Mexico.
_ _ . thous. of dol—
South America...
thous. of dol. _
Argentina
thous. of dol—
Brazil
thous. of dol—
Chile
thous. of dol—
By economic classes: # <$
Crude materials
thous. of dol—
Foodstuffs, crude
--thous. of dol—
Foodstuffs, manufactured thous. of dol._
Manufactures, semithous. ofdol—
Manufactures, finished thous. ofdol—
4,821
28, 486
21, 379
21, 009
15, 842
4, 407
13, 152
2, 946
3,225
1, 271
6,728
43, 878
18, 898
18, 513
11, 791
3,456
12,965
3,322
3,626
777
108, 467
£4, 520
35.0
15, 669
3,621
12, 048
5.4
4.1
1.4
30, 309
67, 970
12.4
3.4
19.1
132, 252
126, 231
189, 808
73, 071
44.3
24, 344
7,464
16, 880
8.3
6.7
3.9
28, 497
63, 897
9.3
4.1
15.8
133, 518
127, 170
1, 961
26, 535
7,032
37, 023
5,167
5,056
2,905
7,743
24, 432
23, 685
19,441
3, 484
16, 839
3,706
6, 305
1, 685
2,587
39, 476
10, 372
42, 292
6,891
6,894
2,915
8,252
22, 083
21, 200
9,675
3,295
17, 406
2,315
8,256
1,018
28, 839
18, 597
29, 190
21, 018
28, 587
36, 233
18, 458
23, 910
27, 236
27, 680
5,754
32, 244
19, 096
18, 812
12, 342
4,136
10, 864
6,291
27, 962
19, 879
19, 602
11, 788
4,596
28, 840
26, 650
26, 254
15, 989
25, 922
32, 415
31, 989
14, 927
24, 862
28, 515
27, 987
15, 064
24, 380
27, 281
26, 761
14, 656
4,951
30, 694
27, 852
27, 257
14, 073
5, 093
40, 119
25, 370
24, 850
13, 081
13, 449
3,619
3,169
1,020
12, 998
13, 919
13, 597
16, 522
15,318
883
1,048
3, 216
814
1,329
176, 499
45, 878
24.5
157, 171
37, 975
17.6
167, 957
47, 003
28.9
14, 923
159, 242
37, 199
20.3
17, 058
169,832
12, 473
4.4
5.1
12, 822
3.3
6.8
1.9
26, 189
76, 191
20.6
3.8
17.0
154, 647
146, 866
11, 900
4.0
5.7
1.1
27, 923
78, 108
20.0
4.0
18.6
136, 082
135, 048
13, 373
2.9
5.7
1.6
28, 834
76, 152
18.4
3.5
18.9
127, 342
124, 123
16, 784
7.7
5.8
3.0
29, 408
78, 690
15.3
4.1
20.2
4,382
2,942
2,938
3,764
9,728
2,552
2,838
545
593
654
169, 531
60, 402
41.5
22, 693
159, 671
54, 218
37.7
19, 569
187, 495
55, 276
34.7
20, 073
6, 139
13, 934
5.5
5.9
3.2
7,294
6,894
15, 399 ' 12,675
8.4
6.8
5.4
6.1
3.1
2.7
25, 018
24, 456
61,418 61, 428
13.2
10.8
4.3
4.8
14.4
14.6
135, 513 132, 656
128, 738 125,011
2,542
44, 714
9,530
37, 303
4,491
6,472
2,847
7,997
2,780
36,211
9,114
44, 765
7,436
6,075
2, 852
11,453
45, 753
5,611
7,495
3, 613
18, 721
8,472
2,859
8,561
898
2,631
1,236
35, 726
18, 423
20, 840
26, 415
27, 334
4,785
48, 893
18, 208
17, 929
10, 768
3, 922
24, 620
17, 704
2,379
7,826
31,382
80, 764
20.6
5.6
18.3
157, 908
153, 075
11,357
14, 343
14, 163
2,824
3,909
3,400
11,033
17, 195
16, 397
9,317
2,727
36, 894
20, 997
17, 299
22, 220
27, 602
4,275
5,327
32, 288
25, 798
25, 363
15, 405
3,365
9,436
44, 862
26, 108
22, 482
29, 728
29, 847
4,668
17,821
5,348
29, 361
83, 440
21.5
5.8
19.2
146, 517
141, 137
3,700
51, 746
10, 186
37, 545
3,898
5,738
2,912
£,008
16, 506
16, 271
9,720
3,110
21,921
3,076
7,127
3,784
41, 009
21,916
23, 676
26, 118
28, 418
4,853
4,753
3,368
2,989
16,816
3,994
4,276
4,666
3,504
3,343
3,023
4,762
3,892
3,685
2,335
4,765
4,437
3,965
39, 662
17.8
22, 071
5,287
119,515
117, 288
2,260
2,605
2,806
55, 877
10, 121
39, 412
49, 146
38, 335
34, 368
35, 823
4,189
5,168
37, 899
35, 788
4, 198
5,515
2,771
10, 302
19, 242
18, 735
7,881
18, 468
17, 856
13, 039
18, 818
2,981
16, 800
1,683
2,441
16, 908
2, 010
1,325
1,448
4,320
5,469
2,988
10,912
3,000
5,496
2,288
42, 812
18, 406
27, 913
26, 889
30, 846
9,279
2,474
3,466
5.635
42, 578
17, 283
21, 977
26, 849
26, 361
8,599
3,534
5,354
2,651
9,703
19, 360
18, 697
9,285
6,583
39, 086
17, 239
11,860
27, 464
28, 474
8,805
189, 237
66, 437
32.2
20, 059
203, 622
82, 879
43.4
21, 873
15, 999
7.1
5.4
2.0
29, 729
16, 531
9.0
4.9
1.7
28,818
14.0
3.8
18.8
131, 659
149, 755
129, 629
137, 859
192, 321
71,744
39.2
18, 458
4,589
13, 869
5.4
5.6
1.7
30, 412
71 , 707
11.0
4.1
20.6
150, 919
149,412
972
2,620
36, 839
10, 242
40, 566
4,560
5, 719
3,402
8,215
22, 497
21,661
15, 314
2,165
20, 023
2, 222
10, 219
1,940
2,488
42, 709
11,818
47, 862
6, 165
5,675
4,113
10, 377
21,974
21,602
13, 280
2,279
21, 100
2,302
9, 508
1,912
38, 612
23, 023
34, 319
24, 249
29, 552
35, 090
22, 726
24, 068
26, 103
29, 872
40, 117
23, 440
24, 326
27, 447
34, 082
4, 614
4,060
73,012
1,960
37, 290
11,913
41,980
4,358
5,854
3,130
7,649
10,433
21, 078
20, 648
29, 016
2,962
34, 237
17, 748
13, 100
22, 973
29, 230
2,509
18,432
2,006
8,648
5,342
70, 053
12. 4
4 2
is!?
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
7,521
7, 421
Operating revenue
thous. of dol—
7,392
6,961
6, 826
7, 079
6,641
7,052
7,090
7,011
6,590
141
Operating income
thous of dol
136
118
139
133
122
149
142
140
136
136
Electric Street Railways
8.126
Fares, average (320 cities).
cents.. 6, 126
8.143
8. 143
8. 143
8.143
8.143
8.143
8.143
8.143
8.143
8.143
754, 459 741, 119 750, 249 698, 933 790, 773 833, 230 751, 053 697, 676 640, 278 654, 485 654, 649 736, 686
Passengers carried t -thousands
Operating revenues
_ _. thous. of dol
Steam Railroads
Freight carloadings (F. R. B.):
56
63
Index, unadjusted1923-25 = 100
63
64
63
64
56
61
63
60
67
58
76
55
57
69
Coal—
.
1923-25 = 100
69
82
61
77
85
57
58
54
35
Coke.
.1923-25 = 10046
59
58
56
38
67
86
71
48
5
26
31
Forest products
1923-25 = 100. .
31
35
34
30
31
26
31
33
33
26
57
84
Grain and products
1923-25—100
95
65
58
76
65
63
61
78
65
57
Livestock
1923-25=100
51
95
83
49
70
103
47
53
40
48
46
46
62
65
64
66
Merchandise, 1. c. 1
1923-25=100..
64
65
67
65
67
67
65
67
8
8
73
42
Ore
.1923-25=100
83
63
59
87
8
10
19
8
55
64
Miscellaneous
.
1923-25=100
70
69
55
64
65
70
71
55
68
58
64
59
57
Index, adjusted
..1923-25=100
64
61
59
63
62
63
64
64
66
71
60
Coal
1923-25 = 100
63
58
63
65
69
87
66
68
78
68
45
39
Coke
1923-25=10051
43
45
55
58
56
61
76
50
71
32
29
30
Forest products
1923-25 = 100
31
33
30
30
32
31
33
30
30
58
70
58
63
Grain and products.. .
1923-25=100
79
59
75
90
68
75
74
68
Livestock
1923-25=10062
84
51
54
107
87
47
52
52
51
48
46
63
66
65
64
65
Merchandise, 1. c. 1..
-1923-25= 100..
65
68
65
70
67
66
65
34
43
30
39
Ore
1923-25=100
46
33
34
39
34
41
48
38
60
71
62
59
Miscellaneous
1923-25-100
58
71
69
67
67
66
68
68
2,592 a 2, 587
2, 531
3,142
Total cars K_ ._
thousands
2,420
2,442
2,346
3,078
3,059
2,335
2,309
2,178
484
615
383
581
Coal
thousands
502
373
"580
427
519
575
730
401
22
30
26
Coke
thousands
34
34
17
23
27
18
31
45
40
92
90
Forest products
.
thousands
« 92
89
110
123
83
73
87
118
97
101
122
125
160
174
Grain and products
thousands
°130
174
112
106
171
118
120
148
82
114
Livestock
.
thousands
124
171
77
75
61
67
65
89
70
65
a 744
653
721
797
Merchandise, 1. c. 1 .
thousands
638
664
789
613
615
660
828
627
69
122
Ore
thousands
16
116
125
12
12
15
19
83
166
29
912
978
Miscellaneous
thousands
1.163
892
739
785
"917
1.105
950
967
1.214
875
a
* New series. Earlier data on value of imports for consumption will be shown in a subsequent issue.
Revised,
t Revised series. For earlier data see p. 19 of the August 1933 issue.
# Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports.
nation on p. 9 of the March 1934 issue.
1 Data for December 1933, March, June, and September 1934, are for 5 weeks; other months 4 weeks.
<f Data revised for 1933. See p. 20 of the October 1934 issue.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
8,445
40, 536
26, 655
26, 038
15, 485
4,506
15, 092
3,780
4, 359
1,645
3, 712
3, 979
1,181
15,976
19, 260
18, 759
10, 651
14, 961
1,159
6,671
1,038
6,226
47, 036
27, 420
26, 875
17, 418
5, 910
13, 774
4, 135
2, 961
1,045
?
8.126
702, 067
!
•
i
:
i
i
;
60
70
44
29
60
64
65
14
63
59
64
43
30
56
55
64
20
64
2, 353
494
22
85
111
90
640
26
885
See expla-
36
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January Februber
ber
ary
in the 1932 Annual Supplement to the Survey
February 1935
1934
March
April
May
June
August SeptemOctober November
July
TRANSPORTATION AND COMMUNICATIONS — Continued
TRANSPORTATION— Continued
Steam Railroads— Continued
Freight-car surplus total
thousands
Box
thousands _.
Coal
thousands. _
Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I railways) :
Operating revenuesf
thous. of dol._
Freightt
thous. of dol__
Passengerf
thous. of doL.
Operating expenses!
- thous. of dol_.
Net railway operating incomef-thous. of doL.
Operating results (class I roads):
Freight carried 1 mile
- mills, of tons..
Receipts per ton-mile
cents..
Passengers carried 1 mile
-. .millions. .
Waterway Traffic
Canals:
Cape Cod
thous of short tons
New York State
thous. of short tons..
Panama, total
..thous. of long tons_.
U. S. vessels
. thous. of long tons_.
St. Lawrence .
thous. of short tons-Sault Ste. Marie
thous. of short tons..
Suez
..thous. of metric tons-.
Welland
thous. of short tons..
Rivers:
Allegheny
thous. of short tons-..
Mississippi (Government barges)
thous. of short tons..
Monongahela
thous. of short tons..
Ohio (Pittsburgh to Wheeling)
thous. of short tons..
Ocean traffic:
Clearances, vessels in foreign trade!
thous. of net tons..
Foreignf
thous. of net tons. .
United Statesf
thous. of net tons._
Shipbuilding. (See Trans. Equip.)
395
228
117
254
0
39
300
142'
463 I
264 i
141 i
434
248
129
375
225
94
357
210
93
368
211
106
355
213
93
343
204
93
348
201
111
359
209
119
318
195
94
245, 330
191, 667 |
29, 312
187,081 i
37,764 |
258, 006
208, 780
27, 200
195, 849
30, 931
248, 439
201, 661
25, 377
188, 591
29,281
293, 178
240, 991
27, 440
209, 251
52, 038
265, 391
214, 266
27, 045
200, 187
32, 265
282, 024
228, 587
26, 575
210, Oil
39, 495
282,779
225, 709
31, 555
208, 313
41, 836
275, 984
221, 291
32, 187
208, 484
35, 221
282, 679
224, 837
32, 801
211, 706
39, 677
275, 511
220, 492
30, 607
203, 800
41, 020
22,001 i
.961
1,491 i
23, 762
.969
1,346
23, 198
.963
1,234
27, 793
.966
1, 343
23, 472
1.015
1,377
25, 260
1.007
1,340
25, 212
.994
1, 612
24, 257
1.011
1,778
235
0
2, 192
922
6
172
2,405
131
262
0
2,087
846
0
0
2,455
0
112
0
2,124
979
0
0
2,035
0
217
0
2,465
1, 119
0
0
2,435
0
250
140
2,291
1,038
54
13
2,534
254
243
557
1, 769
835
901
7, 901
2, 151
1, 236
206
519
1,936
770
977
7,522
2,194
1,334
:
i
i
j
274
550
2,303
1,008
979
5,745
2,392
1, 287 i
328
207
85
381
224
109
292,903 ! 256, 967
238,792
208, 547
28,572
24, 846
212,573
197, 872
48,625 ; 31,583
25,402 i 25, 885
.985
.943
1,854 | 1,695
26,497 i
.980
1,543
23, 708
223
627 i
214
465
272
726
264
£59
866
6,990 i
2,403
1,273 |
924
6,145
2,303
1,171
1,036
5,006
2,707
1,331
884
2,627
2,424
1,253
261 ;
!
120 !
1,088
222
213
113
944
100
963
147
201
158
31
133
174
248
280
282
p 75
1,049
106
1,387
65
1,277
70
531
82
1,427
90
1,404
106
1,592
101
1, 683
109
1,030
632
705
824 !
78
788
897
888
918
698
599
569
584
597
4,509
2,841
1,668
4,354 !
2,888 :
1,466 ;
4, 201
2, 725
1, 475
4,717
3,123
1,594
4, 860
3,098
1,762
5, 996
3, 818
2, 177
6,023
3,859
2,165
6,541
4,260
2,282
5,855
3,666
2,188
5,691
3,666
2,025
5,296
3,402
1,893
135, 354
2,399
22, 606
8, 717
150,383
2, 451
31, 415
12, 374
153, 331
2, 699
35, 899
14, 409
170,275
3,655
43, 292
17, 897
163, 342
4,118
48, 172
18, 153
198, 902
4,189
54, 835
21, 358
206, 327 221, 905
4, 019
3,660
44, 728
48, 477
18, 875 i 20, 838
206, 327
3,660
44,728
18, 875
2.83
54
2.88
57
2.74
58
2. 86
54
2.84
52
2.98
54
2.91
57
20, 795
14, 899
2,304
2,324
6, 541
22, 249
22, 349
2, 730
2,432
10, 946
19, 479
18, 003
2,343
3, 126
19, 760
18,, 213
18,, 984
3, 033
2,975
24, 279
24, 065
26, 642
3, 515
2,777
12, 294
49, 341
48, 696
4,004
3,785
7,591
43, 927
37, 533
4,710
3, 585
5,599
24, 976
20, 825
2, 630
3, 586
5, 059
5,046
81, 707
12, 453
81, 939
15, 291
132, 030
31, 626
287, 721
78, 928
570, 295
145, 887
531, 734
163, 074
385, 147 i
54, 624
74, 709
16, 830
38,729
7,375
1,227
3,740
1,212
3, 488
1, 122
3,334
1,303
3, 978
1,280
3,710
1,403
3,928
1,354 :
3,892
1, 205
3, 790
1,131
3,310
82, 615
55, 015
20, 507
57, 763
16. 621
14, 581
81, 785 1
54, 862
19, 833
56, 414 i
17,416
14, 635 !
83,349
55, 428
20, 799
58, 564
16, 220
14, 685
9,557
7,396
7,925
1,222
8,910 !
6,887 1
7, 768 !
734 !
9, 523
7, 397
8, 168
943
9, 130
6, 984
7, 906
822
8,443
6,477
7,639
405
Travel
Airplane travel:
Express carried*
pounds.172, 854 155,726 ^ 147,623
Miles
flown*
thous. of miles..
3, 439
3, 004
3,386
Passengers carried*
number-26,711
27, 624
28, 170
Passenger miles flown* thous. of miles ..
10, 411
10, 783 : 10, 476
Hotel business:
Average sale per occupied room
dollars..
2 92
2.95
2 86
2.85 :
Rooms occupied
percent of total
51
57
54
58 i
Foreign travel:
Arrivals, U. S. citizens.. ._
number .
15, 334
11,979
11, 848
Departures, U. S. citizens
number..
10, 707
13, 936 ! 18, 433
Emigrants
number
3,187
2,907 ! 2, 077
2,324
1,714
Immigrants
number. .
1,843 !
Passports issued
.number
3,922
4, 959
5,409 | 4, 190
National parks:
Visitors
number ! 37, 404 36, 120 43, 510 57, 526
Automobiles
. .number i 7, 656
9,344
7,761
8,346
Pullman Co.:
1,132
Passengers carried
thousands1,333
1,306
Revenues, total
thous. of doL.
3,552
3,722
3,385
• COMMUNICATIONS
i
Telephone (class A companies) :#
Operating revenues _ thous. of dol
80, 662
78, 533
81, 563
Station revenues
thous. of dol .!
55,012
53, 220
54, 229
Tolls, message
-thous. of dol
18, 341
19, 818
19, 657
Operating expenses
thous. of d o l . _ ; _ _ _ _
54, 780
58, 777
56, 803
Operating income . ._
-thous. of dol
15, 009
16,714
15, 799
Stations in service, end of mo.__ thousands..
14, 523 !
14, 449
14, 483
Telegraphs and cables:
Operating revenues
thous. of d o L _ ; - _ _ _ _ _ _ _
8,276
8, 760
9,076
Commercial telegraph tolls thous. of dol '>
6,272
6, 970
6,669
Operating expenses - _. -_thous. of dol
8,101
7,750 ! 7, 360
Operating income
..thous. of doLJ
.
605 |
513
561
5, 739 !
3, 492 '
2, 247
i
9,477
7,372
8,154
910
8,750
6,718
7,961
381
9,324
7,226
8,024
895
:
2.96
61
181
0
100
977
3.03
58
j
8,686
6, 657
7,664 !
620
CHEMICALS AND ALLIED PRODUCTS
i
[
i
CHEMICALS
Alcohol:
Denatured:
i
Consumption (disposed of)
j
thous. of wine gal_
7,172
6,103
5,125
5,398
5,228 i 5,680 i 5,589 i 6,448
6,760
10, 048
Production
thous. of wine gal- I
5, 691
5,264
5, 456
5,870
5,259 i 6,192
5,540
6,731
6,943
9,841
Stocks, end of month, .-thous. of wine gal_
1,114
1, 298
1,059
1,245
1, 076 j
1, 580 i
1,527 i 1,801
1,978
1,763
Ethyl:
Production
thous. of proof gal
12, 313
13,810
15, 396
13, 756
12,731 i 13,478
12,998 i 13,702 i 13,823
15, 636
Stocks, warehoused, end of month
|
thous. of proof gal.
20, 642
21, 590
24, 375
25, 893 i 27,971 ; 28,967 , 29,788
17, 184
15, 606
27, 094
Withdrawn for denaturing
i
thous. of proof gal.
8,776
8, 325 , 9, 032
9,668
8,666 1 10,148 1 9,248
11.359
11.684
16. 456 I
« Revised.
* New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles
flown from 1930 to 1933 see p. 20 of the February 1934 issue. For data on mile? ilown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue.
f Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For
revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue.
# Preparation of report turned over to Federal Communications Commission which has not yet compiled its initial report.
p Preliminary.
j
;
February 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decemin the 1932 Annual Supplement to the Survey
ber
37
1934
1933
January
March
April
May
June
July
August
October
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Alcohol— Continued:
Methanol.
Exports, refined
-gallons.. 38, 211 145, 657 106, 358 101, 484 135, 279 57, 259 38, 556 52,612 28,348 77, 732 j 44, 937 41,941
48, 945
.38
.38
.38
.37
.38
.38
.38
.38 i
.38 I
.38
.38
Price, refined, wholesale, N. Y_dol. per gal_.
.38
.38
Production:
300, 303 360,822 337, 983 366, 052 342, 307 324, 063 298,165 256, 136 253, 612 260, 402 297, 759
309, 739
Crude (wood distilled) * f A - --gallons962, 185 979, 686 690, 961 916, 872 754, 980 897, 294 922, 551 939, 439 951, 834 1,079,910 1,309,086 1,789,970
Synthetic
gallons-Explosives:
Orders, new*
thous. of lb_. 22, 635 23, 318 28, 504 25, 584 27, 725 26, 958 24, 231 24, 812 23, 384 26, 063 25, 489 26, 892
25, 108
Sulphur and sulphuric acid:
291, 366
314, 199
313, 283
289, 089
Sulphur production (quarterly) * long tons
Sulphuric acid (104 plants) :
80,214 83, 079 77, 404 85, 915 137, 357
Consumed in prod of fertilizer short tons
150, 097 161, 500 149, 236 133, 983 107, 842 83, 969
143, 282
Price, wholesale 66°, at works
15.50
15.50
15.50
15.50
15.50
15.50
15.50
dol. per short ton..
15.50
15.50
15.50
15.50
15.50
15.50
Production
short tons
155, 695 143, 811 139, 615 132, 549 119, 619 107, 568 92, 894 88, 049 97, 478 116,120 149,968 ! 159, 781
Purchases:
3,441
7,411
12, 158
5,735
From fertilizer mfrs
short tons__
36, 181 32, 312 20, 151 16, 945
39, 330
13,048 21, 136 38, 164
12, 560 27, 249
From others
short tons__
23, 763 29, 470 27, 300 27, 766 22, 721 18, 793 26, 577 25, 951 17, 060
22, 796
Shipments:
14, 312
10, 242
14, 596 28, 111 31, 056
39, 797
26, 507 26, 664 21, 242 23, 733 21, 926
41, 520
To fertilizer mfrs
short tons..
34, 938
38, 008 27, 163 22, 793 34, 167
30, 240 25, 894
25, 783 21, 991 29,587 23, 594
To others
short tons.28, 615
FERTILIZER
Consumption, Southern States f
1,234
764
26
101
126
97
190
499
157
48
88
thous. of short tons..
358
51 I
Exports totalf
long tons. 127, 081 81, 359 60, 390 109, 938 118, 692 98, 294 113. 752 105,285 83, 382 126, 110 109, 982 135,588 ! 118,437
2; 646
5,064
16, 824
10, 227
14, 240 37, 438
18, 043
4,577 16, 553 29, 591 27, 121
21, 093
13,615
Nitrogenousf
long tons
Phosphate materials]long tons.. 107, 313 59, 887 48, 304 91, 639 75, 950 74, 287 106, 354 96, 262 75, 600 108, 475 76, 987 104, 143
93, 509
52
426
164
273
174
312
131
11
289
206
405
350
265
Prepared fertilizers
long tons
121,
845
81,
560
82, 121
124,
503
206,
781
103,
723
69,
285
69,
176
Imports total|#
long tons
140,
327
178,
430
66,
707
48,
442
91,807
18, 535 24, 666 31, 579
38, 728
Nitrogenous!
- long tons__ 42, 085 66, 554 95, 509 70, 739 147, 722 133, 706 71, 057 44, 164 43, 576
39, 321 10, 564
1,212
17, 343 74, 584
10, 976
931
23, 508 33, 690
80, 466
150
7,195
Nitrate of sodaf
long tons
17, 085
1,829
3,521
1,495
3,141
2,309
4,158
5,847
1,541
1,786 !
Phosphates!
_
- long tons.. 2,411
2,267
1,910
2,001
44,
422
51,
600
37,
242
47,
293
55,
344
17,
310
19,
265
25,
845
38,
963
35, 845
13, 355
35, 276
Potashf
-- - -long tons . 44, 015
Price, nitrate of soda, 95 percent, N. Y.
1.350
1.350
dol. per cwt__
1.295
1.350
1.350
1.350
1.350
1.275
1.350
1.350
1.275
1.275
1.275
Superphosphate, bulk:
322,
783
295,
334
285,
762
232,
936
147,
084
152,
566
Production
.
short tons..
328, 345
168, 509 153, 236
188, 007 276, 444
307, 653
18, 329 40, 552 59, 466 161, 372 209, 026 85, 508 21, 463
9,711 21, 831 108, 752 63, 486
24, 965
Shipments to consumers
short tons j
1,089,179 1,130,174 1,124,243 976, 775 806, 914 820, 096 839, 680 871, 093 875,320 880, 238 957, 279 1, 078, 044
Stocks, end of month
. short tons.-!
NAVAL STORES
Pine oil:
303, 686
Production
gallons.. 317,912 243, 196 305, 445 306, 375 293, 589 305, 273 293,807 266, 020 261, 410 282, 242 312, 375 300, 544
Rosin, gum:
5.42
4.65
5.44
4.66
5.38
5.56
5.49
5.30
5.46
5.31
5.31
5.25
Price, wholesale "B", N. Y.__dol. perbbl...
5.25
Receipts, net, Sports
..bbl. (5001b.)__ 122, 173 81, 627 39, 219 32, 640 59, 443 69, 496 97, 905 102, 417 116, 019 109, 234 89,289 92, 482 100, 257
Stocks, 3 ports, end of month .bbl. (500 lb.)__ 321, 660 210, 771 171,263 152, 569 142, 574 156, 447 ; 161,001 171, 805 200, 649 218, 256 244, 968 260, 040 272, 027
Rosin, wood:
41, 884
Production
bbl. (500 lb.)__ 41,016 40, 433 46, 850 46, 016 43, 753 45, 454 i 43, 243 38, 554 37, 037 38, 537 43, 095 39, 785
Stocks, end of month
bbl. (5001b.)_. 105, 339 73, 151 83, 007 86, 492 89, 963 90, 329 ! 98, 080 98, 558 105, 286 105, 887 108, 933 109, 812 108, 244
I
Turpentine, gum:
.52
.62
.52
.56
.52
.47
.59
.48
.46
.46
.53
.59
Price, wholesale, N. Y
dol. per gaL.
.51
17, 352
8,721 17, 315 1 24, 658 27, 614 31, 148 32, 473 26, 856
4,985
2,639
25, 161
22, 999
Receipts, net, 3 ports
bbl. (50 gal.) ~ 22, 834
94, 189
Stocks, 3 ports, end of month.bbl. (50 gal.).. 106, 971 81, 269 68, 786 54, 138 46, 010 46, 465 i 42,570 47, 692 55, 171 65, 510 71,778 86, 020
Turpentine, wood:
7,892 ! 7, 279 ' 7, 729
6,916
7, 050
5,904
7,970
6,798
6,288
6,548
6,290
5,547
Production
bbl. (50 gal.) —
6,393
16, 433
18, 020
18, 504
18, 752
Stocks, end of month
bbl. (50 gal.).. 16, 819
17, 859
19, 253 20,289 | 20, 689 19, 515
19, 016
19, 078 19, 817
OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts (quarterly) :
Animal fats: t
177.809
228. 945
150, 625
Consumption, factory
thous. of Ib
190, 774
1 4fi5. 719
584, 315 !
Production
thous of Ib
6927,340
545, 950
417.599
362, 138
382, 938
444, 620
Stocks, end of quarter
thous. of Ib
i
Gelatin, edible:
1 . 570
3,602
4,886
Production
thous. of Ib
3,585
8,594
Stocks, end of quarter
thous. of Ib
9,561
8,908
fi. fl/ifi '
Greases: f
50 733
64, 940 i
Consumption factory
thous of Ib
60, 992
64 722
|
Production
thous. of Ib
88, 154
85, 463
81, 954
90, 175
96,957
| 84, 600
Stocks end of quarter
thous. of Ib
69 600
75, 652
Lard compounds and substitutes: f
\
1 240,739 \
Production
_._thous. of lb__
241, 390
352,965
218, 114
Stocks, end of quarter
thous. of lb._
27, 301
....
26, 599
24, 964
25, 133
Fish oils (quarterly) : t
Consumption, factory
thous. of lb._
36, 238
38, 166
33, 595
43, 104
Production
thous. of lb_ _
52, 785
33, 158
68, 374
9,136
Stocks, end of quarter
thous. of lb__
158, 396
161, 411
189, 492
158, 892
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly) t
829, 229
652, 544
thous. of lb_.
789, 795
479, 873
427
1, 773
923
883"
Exports
thous. of lb_.
372
4, 269
2, 524
2,138
1,094 ""I'OST;
234" "
2,578
1,161
60, 028
Importst#
thous. of lb._ 34, 200 55, 176 91, 959 66, 010 51, 535 70,163 56,668 59, 694 68, 665 41, 302 55, 213 53, 935
Production (quarterly) f
thous oflb
812, 793
640, 075
361 986
416, 559
1
Stocks, end of quarter: f
i
716, 692
Crude
thous of Ib
530, 959
761 369
548, 547
Refined
thous. of Ib
870, 068 f"
797 171
502, 427
801, 536
Copra and coconut oils:
Copra:
74, 697
Consumption, factory (quar.) short tons
77, 944
65, 439
45, 000
Imports^
__
short tons
30, 182 23, 786
12, 037 24, 519 20, 599 ~~~3~735~ "I6~079~
20, 606
27, 674
18, 079 21, 698
8,624
5,177
Stocks, end of quarter
short tons..
59. 831
49, 190
35. 386
16. 772
a
Revised.
* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
1 Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue for earlier data.
# See footnote on p. 35 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.
t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20
of the September 1934 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue; quarterly data for the year 1932 and the quarterly periods
ended March, June, and September, 1933, also revised. These will be shown in a subsequent issue.
• Texas only. Louisiana produced 23 percent of United States production in 1933.
A The refined equivalent of crude production is approximately 82 percent.
38
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January Febru- March !1 A
ber
in the 1932 Annual Supplement to the Survey
ary
j
ber
February 1935
1934
May
| June i July
Novemj August September October
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
i
i
[
i
OILS, FATS, AND BYPRODUCTS-Con
Vegetable oils and products— Continued.
Copra and coconut oils — Continued.
Coconut or copra oil:
Consumption, factory:
134, 895
•
Crude (quarterly) t
thous. of Ib
Refined, total (quarterly) f thous. of lb._
:
83,613 •
In oleomargarine
__thous. of lb._!1 13,771 13,028 10,558 j 12,745
Imports^
thous. of Ib.. (
15, 971
46,296 | 35,816
Production (quarterly):
.
.
98,579
Crude
thous. of Ib •
Refined ...
thous. of Ib
73,395
Stocks, end of quarter:!
j
Crude
thous. of lb_.
182,827 !
Refined
thous. of Ib „
15, 562
Cottonseed and products:!
:
Cottonseed:!
Consumption (crush),..
short tons..! 415,455 443,944 ! 469,444 : 443,274
Receipts at mills
short tons..' 300,626 388,027 ! 194,086 ! 156,696
Stocks at mills, end of month. short tons.. 1,117,238 1,297,774 i 1,022,416 I 741,321
Cottonseed cake and meal:!
Exportsf
- short tons
82 14, 130 : 14,625 : 5,305
Production
short tons 189, 717 203,772 ! 211, 854 ; 197, 142
Stocks at mills, end of month. short tons.. 320, 322 312,458 j 289, 024 | 289, 156
Cottonseed oil, crude:!
i
Production
thous. of Ib..' 128,872 137, 182 ! 145,007 1 136,949
Stocks, end of month
thous. of lb. J 95, 267 170,430 188,940 : 175,250
Cottonseed oil, refined:
Consumption, factory (quarterly) f
thous. of lb
._- 251,819
In oleomargarine
. thous. of lb
7,533
1,785 | ~"l~536~ ~"I,~889~
Price, summer yellow, prime, N. Y.
.051
dol.perlb-i
.101
.043 ; .047
Production!
thous of lb
129 487 120,667 j 109, 978 134, 295
Stocks, end of" monthf
thous. of Ib.J 516,717 769, 102 781,008 ; 812,754
Flaxseed and products:
Flaxseed:
Imports, United States#___ thous. of bu._ 1,823
484
1,031
1,524
Minneapolis and Duluth:
Receipts
- .- - thous. of bu
252
148
250
118
81
36
Shipments
thous. of bu_.
83
91 ,
964
983
Stocks, end of month
thous. of bu_.
1, 108
1,039
Oil mills:!
Consumption, quarterly.thous. of bu_.
6,760
Stocks, end of quarter .. thous. of bu
2,713
1.90
1.89
1.77
Price, no. 1, Minneapolis. _.dol. per bu._
1. 99
Production, crop estimate.thous. of bu..; « 5,253 / 6, 947
Stocks, Argentina, end of month
thous. of bu-_
2,362 « 2, 756
4, 331
6, 299
Linseed cake and meal:
Exports...
thous. of lb._ 21,558 56, 069 43,239 37,766
Shipments from Minneapolis
;
thous. of lb.. 8,182
10,760
10,025
8,228
Linseed oil:
Consumption, factory (quarterly)!
thous. of lb.
55, 783
.093
.093
Price, wholesale, N. Y
dol. per lb..i
.087
.095
Production (quarterly)! thous. of lb
133, 906
Shipments from Minn
thous. of lb._
2,233
1,679
2,337
997
Stocks at factory, end of quarter
thous. of Ib...'
157, 736
Lard compound:
Price, tierces, Chicago*
dol. per Ib.J!
. 124
.068 !
.073
.066
i
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of Ib.J 32,178 23, 809 16,861 ; 21,350
Price, standard, uncolored, Chicago
.070 i
.070
dol. per lb..|
.104
.070
Production
thous. of lb
30, 470 21, 386 17, 870 j 21, 572
|
1
178,399
177, 236
113,731 '
78,290
72, 048
67,374 t
13,599 ~~I6~559~ ""9*396"
4,542 ~~~6~315~ ~~~7~765~ 10,279 i
22,079
24, 614
30, 533
29, 047
35, 742
17, 210
17,990 I
95.032
76, 143
84 291
97, 301
192. 808
14 792
174, 154
39, 886
-
1
;
;
176, 268
46, 346
374, 209
109, 367
55, 546
320, 388
92, 258
52, 407
280, 537
99, 699
42, 923
222, 761
195, 761
271, 145
300, 023
380
161, 050
265, 348
203
84, 241
252, 625
78
51, 407
219, 637
366
41,011
175, 441
91
45, 738
124, 572
1,195
90, 633
96, 147
112,032
145, 129
59, 563
109, 328
38, 462
76, 318
29, 879
45, 794
31, 544
34, 400
59, 322
38, 670
442,281 ! 598,613
531,067
947,372 i 1,030,607
527,804
803,236 1,235,230 1,232,067
124
196
197,694 1 265,597
170,251 ! 257,409
!
[
133, 970 ! 183, 600
74,034
97,752
165, 808
100,685
381 728
7,428 j
.075 !
.081
.092
81,050 1 155,437 ; 149,593
450,012 461,440 j 487,369
7,322
.052
94, 486
843, 168
.050
65, 822
804, 946
.053
54, 643
738, 542
.059
43, 529
655, 552
.068
48, 522
543, 144
1,690
1,144
1, 637
806
821
695
959
1,297 i
155
58
981
139
208
793
322
169
696
298
113
646
162
98
628
681
152
672
1,230
las i
1,008 !
910
234
1,218
5,156
2,051
1.82
1.82
1.91
5, 016
1,421
1.91
1.90
2.05
4 293 •
1 368 <
1.98 \
7,283
6,693
5,118
4,724
3,150
3,543
38, 080
38, 136
31,739
34, 328
33, 441
32, 126
9,847
5,513
6,648
5, 871
5,292
7,628
5,533
63, 712
.093
97, 452
2,859
.093
.097
.098
.099
3,644
3,969
3,735
2,774
'.094
85.038
4, 163 ;
.074
.073
.073
.074
.078
.086
.098
22, 083
16, 146
20, 063
13, 870
15, 847
25, 736
27, 545
.080
23, 616
.073
18, 023
.070
18, 266
.078
13, 986
.080
16, 363
. 080
22,026 '
.090
26,842 I
| 17,674
! 11,895
5,639
i 6,256
;
5,778
23, 135
15,610
7,105
8,505
7,525
27, 704
18, 436
7,590
10, 846
9,268
33, 615
22, 172
8,092
14, 080
11,443
28, 750
18, 944
7,630
11,314
9,806
23, 451
15,910
7,449
8,461
7,541
24,314
16,081
6,579
9,502
8,233
22,199
14,177
5,268
8,909
8,022
134,418 ! 118,811
61,446 ; 49,437
54,049 ; 50,452
140, 743
45, 136
69, 406
271, 929
44, 706
70, 783
322, 583
39, 825
93, 204
277, 547
25, 782
77, 454
211, 782
21, 330
63, 442
160, 791
306
245,389
299,200
~~4~150~ ~~~6,"280~
.051
127, 447
841, 139
78 189
.099
9S, 026
3, 603
12,787
20,935
!
37 281
344, 610
107, 420
504, 131
248, 412
257, 527
2,158 ""2," 07§" ~"§~369~
3, 718
56 716 1
R2 fi17 !
174,924
.._
:
:
11,360 j
14,810 i
2,756 :
1.90
7,323
743
294
127
1,210
1.86
2,362
1,575
20,935 : 30,869
31,338
6,483
7,325
.091
4, 145
.088
._
3, 525
.107
.111
26, 421
28, 980
. 098
26,517
. 100
28,809
24,206
15,382
5,814
9,568
8,824
20,300
13,224
5,208
8,016
7,076
R1 918
10Q 3fi7
128, 413
:
PAINTS
Paints, varnish, and lacquer products: §
Total sales
thous. of dol.. _.._
Classified
thous. of dol
Industrial
thous. of dol..
Trade
thous. of dol..
Unclassified (273 estab.)
thous. of dol.J
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines
- - - - dollars
Plastic paints
dollars
Cold-water paints
dollars..
16, 156
10, 576
4,418
6,158
5,580
137, 964
79, 792
69, 745
20,601
13,486
6,015
7,471
7,115
!
235, 325 ! 259, 136 ; 274, 366
225, 078
25,292
27,314 ! 30,807
27,864
71,299
71,828
78,496 i 70,304
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
948
1,152
Production
thous. of lb
1,089
798
1,384
973
965
841 ! 1,131
948
1,435
715
778
Shipments
thous of Jb
954
1,221
930
1,046
1,252
1,069
956 !
872 1
1,094
1,028
1,085
946
748
Cellulose-acetate:*
|
|
;
Sheets, rods, and tubes:
358
436
512
Production
thous. of lb._
466
510
325
301
375
393 !
449
304
405
317
Shipments
thous. of lb.
448
352
377 :
418
383
415 ;
409 :
267
351
558
512
265
220
0
Revised. /Final estimate.
« Dec. 1 estimate.
* For earlier data on lard compound price see p. 18 of the January 1934 issue. Data not available for cellulose products prior to January 1933.
! Revised series. For year ended July 1932 see p. 20 of the February 1933 issue, and year ended July 1934 see p. 38 of the November 1934 issue, revisions for each month of 1933
were shown when monthly data for 1934 became available, cottonseed, and for the year of 1932 see p. 37 of the June 1933 issue, exports of cottonseed cake and meal. Data
revised for 1933; see p. 19 of the September 1934 issue; quarterly data for the years 1932 and the quarterly periods ended March, June, and September 1933 also revised. These
will be shown in a subsequent issue.
§ Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.
1 See footnote on p. 35 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.
SURVEY OF CURRENT BUSINESS
February 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
j
!
j
1933
1934
39
1934
Decem- Decem- January
ber
ber
February
March
April | May
July
June
Se
August
P|frm~ October
CHEMICALS AND ALLIED PRODUCTS—Continued
ROOFING
Dry roofing felt:
Production
Stocks, end of month
Prepared roofing, shipments:
Total
.
Grit roll
Shingles (all types).
Smooth roll .
..short tons..
short tons
thous.
thous.
thous.
thous.
11,310
8,555
7,352
5,003
squares
squares..
squares
squares. _
830
168
157
505 '
8,868
8,037
1
7,722 1 13,817
6,647 I 6,350
1,046
215
144
686
1,006
223 !
178
605 !
2, 161
420
412
1,329
19, 816
5,072
19, 945
4, 677
17, 021
6,324
12, 232
5,397
2,873
536
727
1,610
2,334
587
656
1,091
1, 265
326
388
551
1,617
382
423
812
19,467
15,667
14,710
5, 687 I 6 411 I 6 648
3,666
773 1
831 i
2, 061
1 941
545
460
936
!
J
!
i
12, 972
6 672
2 317
583
638
1 095
1 871
' 446
471
954
ELECTRIC POWER AND GAS
ELECTRIC POWER
Fuel consumed in production of electrical
energy. (See Fuels.)
Production, totalfmills, of kw.-hr.
By source:
Fuelsf
..mills, of kw.-hr..
Water powerf..
mills, of kw.-hr__
By type of producer:
Central stations!
mills, of kw.-hr__
Street railways, manufacturing plants, etc.
mills, of kw.-hr..
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.)
mills, of kw.-hr..
Domestic service
mills, of kw.-hr—
Commercial—retail
mills, of kw.-hr._
Commercial—wholesale..mills, of kw.-hr..
Municipal and street lighting
mills, of kw.-hr._
Railroads:
Electrified steam
mills, of kw.-hr..
Street and interurban.--mills. of kw.-hr..
Revenues from ultimate consumers (Edison
Elec. Inst.)
thous. of dol—
8,039
7,470
7,631
!
7,049 |
7,717
7,443 \
7,683
7,472
7,605 !
4,865
3,174
4,736
2, 734
4,662 i
2,970 !
4,751 !
2,298
4,642 I
3,075 i
3,955
3,488
4,465
3,218
4,779 |
2,6'
5,005 ;
2,600 ;
7,582
6,990 | 7,147
6,571
7,263 I
6,981 !
7,195
7, 040 I
7,176
457
480
5,691
1,147
1,138
2,662
212 j
484
478
5,911 I
1,244 !
1,162 !
2,748 I
222
62
396
156,127
162,070
9,856
9,328
81
438
31,054
20, 577
3,659
9,859
9,320
89
441
33,143
21,417
4,562
5,766
1,123
1,085
2,831
454
i
i
i
I
.'
62
388
5,796 i
1,056 i
1,046 !
2,971
462 i
5,842 I
1,026
1,059
3,119
432
429 i
5,917
967
1,035
3,293
5,882
973
1,049 |
3,273 !
5,808 |
956
1,060 i
3,212 !
191 i
176
168
144 i
66 j
413
59
356
57
349
55 j
154,832 i 149,780 I 149,852 | 147,915
54
324
7, 831
« 7, 606
1
4, 662
* 2, 944
1
6,845 I a 7, 424
j
488 i
7,206
5,234i
2, 475 I
5,982
957
1,080
3,337
i
!
i
I
7, 203
361 :
407
403
5,774
1,024 |
1,111
3,034 I
5,988
1,081
1,112
3,142
5,989
1,168
1,157
2,989
167 I
180 |
194
203
54
334
55 •
323
59 I
353 !
56
361
!
160, 451
147,337 | 146,529 \ 148,464
150,198
:
155, 812
GAS
Manufactured gas: *f
Customers, total
thousands...
Domestic
..thousands..
House heating
thousands. _
Industrial and commercial
thousands..
Sales to consumers
millions of cu. ft._
Domestic
.millions of cu. ft..
House heating
millions of cu. ft..
Industrial and commercial
millions of cu. ft._
Revenue from sales to consumers
thous. of dol—
Domestic
thous. of dol—
House heating
thous. of dol—
Industrial and commercial...thous. of dol—
Natural gas:*f
Customers, total
thousands..
Domestic
thousands-Industrial and commercial
thousands._
Sales to consumers
millions of cu. ft..
Domestic
millions of cu. ft—
Industrial and commercial
millions of cu. ft—
Revenues, from sales to consumers
thous. of dol—
Domestic
thous. of dol—
Industrial and commercial,—thous. of dol—,
9,876
9,335
91
441 i
33,425
20,905 |
4,833 i
61 9,911
18 1 9,364
88
93
45
443
41 31, 886
01
20, 484
92 1 3,348
9,971
9,425
95
440
30, 149
20, 871
1,660
10, 004
9,461
91
441
28, 657
20, 441
670
9,996
9,457
87
441
25,358
18,021
317
| 10,014
! 9,474
89
442
i 24,862
j 17,607
274
10,057
9,514
95
440
27,575
20, 189
430
' 10,083 ! 10,053
9,526 i 9,488
!
106 i
115
!
442 i
442
! 29,341 i 30,246
j 20, 860 i 19, 897
1,237
2,969
j
6,636
6,945
7,481 ;
7, 872
7,460
7,404
6,846
6,846
6,792
32, 936
24,877
2,346
5,577
34, 527
25, 727
2,895
5,757
34,242
25,128 !
3,019 i
5,950 j
81 ! 32,869
94 24, 684
2,152
51
94
5,900
32, 313
25, 224
1,298
5,669
31,351
25, 162
540
5,549
28, 196
22, 639
289
5,165
27, 470
22, 017
256
5,088
30,615
24, 898
388
5,219
32,031
25,480
910
5,512
! 32,068
! 24,329
>
1,946
i 5,663
5,445
5,145
299
80,300
31,406
5,483
5,175
306
93, 222
39, 238
5,500
5,191 i
307 :
94,349
38,402 I
04
93
09
77
79
5,492
5,189
301
83, 073
29, 756
5,478
5,184
292
72, 127
21, 143
5,484
5,199
283
66, 509
15, 106
5,435
5,155
278
59, 115
11,256
5,466
5,188
276
58, 618
10, 331
5, 515
5,234
280
63, 779
12, 180
5,564
5,274
289
67,257
15,570
!
i
i
i
!
5,630
5,319
308
78,969
23,354
47,761
53,080
54, 836
52, 98
52, 340
50, 143
50, 523
46, 865
47, 260
50, 583
50,833 1
54,618
29,865
20, 271
9,398
35,406
24,850
10, 388
34,815
23,814
10, 812
85
82
98
29, 418
19, 254
9,996
24, 170
14, 799
9,236
21, 020
11,851
9,035
18, 098
9,804
8,135
17, 698
9,299
8,252
19, 328
10, 387
8,793
21,281 ! 26,196
12,132 | 16,056
9,007 | 9,984
4,550
4,826
6,868
4 939
5,075
6 797
4 567
4,708
6 692
3 512
3,' 271
6 270
2,381
2,366
2,097
1,974
9, 334 ! 8, 158
8,695 ! 7,600
58,137
63,351
52,859
57,962
2 747
2,210
8 814
8,182
68, 872
63 422
3 429
2,828
8 838
8 170
73, 841
68 343
°4 602
3 961
9 465
8 785
78, 380
72 883
48
7,060 !
7,191
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*!
Consumption (tax-paid withdrawals)
thous. of bbl
Production
thous. of bbl
Stocks, end of month__
thous. of bbl
Distilled spirits:*
Consumption (tax-paid withdrawals)
thous. of proof gal .
Whiskey
thous. of proof gal
Production, total
_ thous. of proof gal
Whiskey
thous. of proof gaLJ
Stocks, end of month
thous. of proof gal.. i
Whiskey
thous. of proof gal J
.
._
2, 165
2,119
4,403
2, 008
2,494
4,762
1, 865
2,422
5,218
2, 625
3,263
5,675
2,855
3,703
6,325
4,337
3,753
5,769
4,794
28,695
25,850
3,418
2,828
7,345
6,567
32,280
29,269
2,281
1,893
7,970
7,211
37,992
34,496
2,780
2,376
10,281
9,009
45,766
41,326
2,405
2,124
9 635
8,828
51, 404
46, 386
3,796
4,455 i
6,718
2 943
2,966
5 427
i
DAIRY PRODUCTS
Butter:
:
Consumption, apparent*
..thous. of lb._ 136,810 143, 132 : 147, 530 145, 476 144, 107 136, 671 159,369 i 138,657 133, 067 150, 881 137, 487 144, 961 140, 844
Price, N. Y., wholesale (92 score) -dol. per lb._!
. 31
.24
.20
.20
.25
.25
.24 i
.25
.24
.27
.29
.27
.26
Production (factory)t---thous. of lb__ 102,702 116,384 112,430 106,448 122,746 133, 218 174,692 181,759 171, 682 162, 589 141,809 130, 861
110,655
Receipts, 5 markets
thous. of Ib i 39,110 49,226
45,882 i 40,888 50 520 47 206
61 499 i 63 812
61 251 57 881 49 392 49 998
41 564
Stocks, cold storage, creamery, end of month i
thous. of Ib— | 47,093 111,249
75,995 ! 36,853 15,351
11,838
27,161 1 70,148 108, 748 120, 467 125, 047 111,073 « 81, 034
« Revised.
*> Preliminary.
* New series. For earlier data see p. 19 of the May 1933 issue, manufactured and natural gas, and p. 19 of the June 1933 issue, butter consumption. Beverage figures
are from the U. S. Bureau of Internal Revenue monthly data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933.
t For revised data for electric-power production for 1932, see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; for manufactured gas for 1932
and 1933 and natural eras for 1931, 1932, and 1933, see p. 20 of the May 1934 issue; for butter production for 1931 see p. 20 of the January 1933 issue.
1 Certain figures for nonreporting breweries estimated for October 1934.
40
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- ! January
ber
in the 1932 Annual Supplement to the Survey
ber
February 1935
1934
February
March
April
June
May
July
October *°™*August September
FOODSTUFFS AND TOBACCO — Continued
DAIRY PRODUCTS— Continued
Cheese:
Consumption, apparentf..thous. of lb._ 42, 394
59, 854 45, 352
45,219 44, 284 44, 371 47, 833 45, 459
46, 932
54, 874
50. 163
61, 136
50, 072
4,524 ! 2,823
3,902
Imports#
- - thous. of Ib
4,757
3,565
3,676
3,936
3,897
3,213
3,511
4,063
4,460
5,730
Price, no. 1 Amer. N. Y
dol. per lb-_
.13
.13
.17
.15
.13
.14
.15
.15
.13
.15
.14
.14
.15
37, 541 44, 897
Production (factory)t
thous. of lb_. 31, 163 41,038 i 28, 436 28, 962
61, 754
66, 545 62, 682 57, 887 51, 206
47,464
35,835
28, 234
33, 788 47, 563 53, 222
American whole milkf
thous. of lb_. 21,517
23,179 ! 19, 821 21, 536
49, 106
44, 650 38, 205
33, 732
28, 146
Receipts, 5 markets
thous. of lb_.
12, 366
10, 553 15, 029
10,747 j 13, 788
9,938
14, 392
9,522
16, 487
17, 257
12, 840
14, 277
13, 609
Stocks, cold storage, end of monthf
thous. of lb._ 102, 192
91,970 ! 78, 789
62, 153 65, 450
67, 819
71, 469
96, 960 115, 842 122, 495 127, 363 118,008 a 109, 972
54, 934
American whole milkf
.thous. of lb_. 89, 846
77,773 65, 476
49, 856
52, 217
58, 073 79, 925 97, 018 103, 805 108, 624 102, 832
°96, 688
Milk:
\
\
Condensed and evaporated:
Production:!
Condensed (sweetened)
thous. of lb_. 13, 683
13,015
16, 989
20, 532
15,638
24, 907
15, 836
22, 103
16, 997
19, 425
16,226
16,691
15,943
Evaporated (unsweet'ed)§_.thous. of lb.. 93, 731 84,755
99, 073 100, 272 131,719 152, 401 188, 688 210, 750 190, 089 175, 125 146, 130 138,107
103,419
Exports:
Condensed (sweetened)
thous. of lb._
286 <
476
253
201
544
597
1,276
1,261
470
985
797
553
821
3,421
2,800
3,545
Evaporated (unsweetened). thous. of lb._
2,597
4,053
2,562
1,615
3,278
5,066
2,965
2,759
3, 324
2, 840
Prices, wholesale, N. Y.:
Condensed (sweetened)
dol. per case..
4.85
4.73
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4. 85
4. 85
2.70
2.70
2.70
Evaporated (unsweet'ed)— dol. per case..
2.70
2.70
2.70
2.70
2.70
2.70
2,70
2.70
2. 70
2. 70
Stocks, manufacturers, end of month:
Condensed (sweetened):
9,664
5,943
7,657
4,918
4,937
8, 458
Bulk goods
.thous. of lb._
9,921
10, 105
9,210
7,452
9,476
9,417
°9,135
6,394
4,774
5,924
Case goods.
thous. of Ib
9,137
4,875
9,239
13,912
17, 156
17, 432
10, 516
15, 891
13,555
11,236
Evaporated (unsweetened):
99, 176 117,115 151,691 153, 149 205, 545 167, 864 175, 129 215,700 0203,402
Case goods
thous. of lb_. 155, 166 210,407 167, 074 112, 936
Fluid milk:
Consumption in oleomargarine
5,041
5,682
5,106
4,313
4,225
4,168
thous. of lb._
3,461
3,900
5,184
6,880
6,332
6, 165
6, 552
Production, Minn, and St. Paul
31,349
35, 021 33, 813 38, 665 36, 732
thous. of lb_. 24, 747
37, 908
35, 202
31, 899
27, 988
24, 004
24, 174
23, 44^
Eeceipts:
16, 250
16,713 ! 17, 328
18, 216
17, 758
18, 793
Boston, incl. cream
.thous. of qt_.
19, 168 20, 766
19, 291 18, 099
18,290
17,846
96, 427 107, 667 103, 395 111,196 110,931 110, 460 103, 812 103, 331 106,118
Greater New York*
._ .thous. of qt_.
106, 185 104, 575
102,914
Powdered milk:
130
316
162
351
316
225
309
209
Exports
- - - thous. of Ib
319
168
376
163
234
9,732
10, 577
10, 923
12,, 670
9,306
Orders, net, new
thous. of lb_. 11, 174
11, 197
14, 691
13, 184
11,601
11,090
11,629
"11,437
24, 920
30,100 ! 29, 372
25, 006
27, 648
35, 003 40, 315 43, 007
Stocks, mfrs. end of mo
.thous. of lb__ 32, 722
42, 838
41,794
40, 795
"36, 530
FRUITS AND VEGETABLES
Apples:
Production, crop estimate
thous. of bu_. •119,855 / 142, 981
4,722
2,254
6,806
4,367
Shipments, car lot f
carloads..
1,387
756
6,795
1,145
1,897
5,672
10, 405
17, 742
7, 776
Stocks, cold storage, end of month
5,474
3,858
392
thous. of bbL.
2,131
1,055
7,135
4,092
8,883
10,408
°10,328
11,741
14, 409
13, 039
12, 303
13, 626
15, 785
Citrus fruit, car-lot shipments!
carloads
10, 140
8,128
7, 051
14, 533
5, 851
7, 394
13, 631
2,125
2,933
2,605
1,971
2,872
3,031
2,342
2,199
1,303
Onions, car-lot shipments!
-- - carloads
3, 682
1,886
3, 514
2, 083
Potatoes:
2.506
2.388
2.013
1.541
Price, white, N. Y
dol. per 100 Ib
1.997 . 2.195
1.762
1.200
.894
.975
1.006
.948
1. 006
Production, crop estimate
thous. of bu._ •385, 287 / 320, 203
17, 158
23, 634
19, 763 21,467 | 25,687
12, 441
21, 748
Shipments car lotf
carloads
18, 748
11,513
12, 066
14, 761 21, 627
14, 829
GRAINS
Exports, principal grains, including flour and
1,842
3,388
4,854
2, 884
2, 773
5,757
5,325
6, 220
5, 182 ! 1, 884
759
mealf
thous. of bu
6,657
3,371
Barley:
111
743
502
514
582
535
690
408
139
Exports, including rnaltf
__thous. of bu_.
425
165
151
789
Price, no. 2, Minn.:
1.09
1.07
1.02
1.06
.81
.95
Straight*
__ .
dol. per bu
1.20
1.16
1. 10
1. 17
Malting*
dol per bu
.91
1.00
Production, crop estimate
thous. of bu_. •118,929 /155, 825
4, 796
8,595
3,574
5,
484
5,
188
3,026
4,411
2,678
3,, 502
3, 813
3,509
Receipts, principal markets*., .thous. of bu._
2,825
8, 556
12, 403
13, 525
14, 900
13, 362
12, 207
10,911
14, 102
9,301 ! 8,317
14, 635
6,946
9, 006
Visible supply, end of month* .thous. of bu__ 14, 401
Corn:
147
357
244
167
247
209
371 i
248
308
224
408
518
471
Exports, including mealf
thous. of bu..
4,662
5, 302
"4, 062
5,562
4, 163
4,690
3,924
5,721 ! 6, 539 , 4, S39
5,271 j 6,738
Grindings
thous. of bu . 5,261
Prices, wholesale:
.96
.81
.45
.45
.80
. 91
.45
No. 3, yellow (Kansas City)__dol. per bu_.
.43
.78
0)
i
-57
0)
0)
.84
1.01
.49
.82
.93
.50
.49 !
.51
.55 j
.62
.66 i
.76 ;
No. 3, white (Chicago).
dol. per bu..
.47
Production crop estimate
thous of bu •1,380,718 '2,351,658
18, 685
9,226
8,632 1 8,072 ! 9,579
15, 052
14, 458 , 12, 800
Receipts, principal markets
thous. of bu_.
16, 622
26, 568 1i 41,447
16, 157
8, 858
10, 448
6,812
7,921
12, 372
12, 514
8,688
9,471
15, 877
11, 353
Shipments, principal markets_.thous. of bu._ 11,294
9,017
13, 610
17, 488
68, 384
68, 067
65, 682
57, 396
46, 808 38, 518
44, 830 | 60, 451 : 62, 407 58, 683
50, 537
Visible supply, end of month*_thous. of bu_. 43, 462
69, 334
Oats:
73
87 i
74
69 ;
84
95 :
68
81
76 i
123
69 !
Exports, including oatmealf thous. of bu._
71
78
.56
.55
.36
.32
.35
.37
.33
.35 |
.43
.49
.52
.54
Price, no. 3, white (Chicago)... dol, per bu._
.45 ;
Production, crop estimate
thous. of bu.. <528, 815 f 731, 500
1
3,119
3,938
4,029 ! 3, 050
5, 002
Receipts, principal markets
thous. of bu._
3,390
2,736
2,811
3,388
7, 231 i 4, 886
4,516
3,876
26,205 22, 524
21, 445
24, 605 | 24, 241 22, 627
22, 191
Visible supply, end of month*.. thous. of bu._ 22, 576
46, 503 44, 696 . 42, 307 38,011 32, 902
Rice:
53, 225 96, 097 104, 951 1 87, 639 \ 142,504
58, 656 \ 41, 267 89, 197
59, 421 31, 328 i 61,164
Exportsf
pockets 100 Ib
75, 296
61,640
46, 330
58, 464
Imports#
pockets 100 Ib
22, 861
15, 338 | 22, 150 ! 35, 581 44, 493 52, 973 59, 149
46, 173 | 47, 313 1 44, 645
42, 643
Price, wholesale, head, clean, New Orleans
.049
.039
.039
.039
.039
.039
.039
.039
.039
.039 I
dol. per lb._
.039
. 039
. 049
Production, crop estimate
thous. of bu._ •38, 296 / 37, 058
Receipts, southern paddy, at mills
836 \ 1, 974
612
932
191
183
153
244
426
496
191
thous. of bbl. (162 Ib.)910
Shipments to mills, total
747 i
910
436 I
483
714
573
853
746
417
555
thous. of pockets (100 Ib.)..
525
993
810
52
86 ;
71
78 1
New Orleans, thous. of pockets (100 Ib.)
28
67
63
64
35
112
77
Stocks, domestic, end of month
2,632
1,575
1,267 !
972
1, 083 | 2, 189
thous. of pockets (100 lb.)._
2,648
2,488
2,439
2,215 I 1, 896
2,311
2, 356
0
Revised.
• Dec. 1 estimate.
f Final estimate.
i Prices not available.
* New series. For earlier data see p. 20 of the November 1932 issue, barley, receipts of milk in Greater New York, p. 20 of the August 1934 issue. Since the division of
no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1,1934, prices for each grade have been reported separately.
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk cheese, p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,
September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For final revision for 1933, car-lot shipments of apples, citrus
fruits, onions, and potatoes, see p. 20, January 1935 issue. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total, barley, corn, and
rice by months, see p. 20 of September 1934 issue.
# See footnote on p. 35 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.
evaporated milk not included since December 1931.
•§ Bulk
Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
n.
;
57
SURVEY OF CURRENT BUSINESS
February 1935
Monthly statistics through December 1931,
1934
ences to the sources of the data, may be found Decemin the 1932 Annual Supplement to the Survey ber
1933
41
1934
De c e m
ber -
F
January
^' March
April
May
June
October Novem
August September
ber
July
FOODSTUFFS AND TOBACCO—Continued
GRAINS-Continued
Rye:
0
Exports, including flour -.thous. of bu..
.80
Price, no. 2, Minneapolis
dol. per bu_.
Production crop estimate
thous. of bu • 16, 040
445
Receipts, principal markets*— thous. of bu_.
Visible supply, end of month*. -thous. of bu.. 12, 572
Wheat:
Ejports:f
1,511
Wheat, including flour.- thous. of bu._
32
Wheat only
thous. of bu_.
Prices, wholesale:
No. 1, Northern, Spring, Minn,
1.12
dol. per bu._
No. 2, Red, Winter, St. Louis.dol. per bu_.
1.04
1.04
No. 2, Hard, Winter, K. C...dol. per bu_.
Weighted average 6 markets, all grades
1.12
dol. per bu_.
Production, crop estimate, total
thous. of bu._ •496, 469
Spring wheat
__thous. of bu._ • 91, 435
Winter wheat
thous. of bu «405, 034
7,843
Receipts
tbous. of bu._
Shipments
thous. of bu._
8,051
Stocks, visible supply, world-.thous. of bu__
Canada
thous. of bu_. 253. 119
United States • _ - thous. of bu
89, 766
Stocks, held by mills (quarterly)
thous. of bu._ 134,935
Wheat flour:
Consumption (computed) t
thous. of bbl
Exports
thous. of bbl
315
Grinding of wheat
thous. of bu_. 34, 340
Prices, wholesale:
Standard Patents, Minn
dol. per bbl__
7.25
Winter, straights, Kansas City
dol. per bbl_5.85
Production:
Flour, actual (Census)
thous. of bbl__
7,548
Flour prorated, total (Russell's) f
thous. of bbl
Offal
thous. of Ib 601, 627
Operations, percent of total capacity.. __
49
Stocks, total, end of month (computed)
thous. of bbl. .
Held by mills (quarterly) .. thous. of bbl - 3,857
1
!
0 i
.60 1
/ 21, 150
430
13, 735
0 I
.64
402
12, 936
236
12, 032
11, 621
5,975
4,152
4,570
2,867
4,039
2,667
4,733
3,065
.88
.91 !
.84
.90
.91
.85
.88
.89
.82
.83
.83
.78
.94
.87
.86
.88
.91
.88
.83
.94
.83
.87
.80
.83
/528, 975
178, 183
/350, 792
11, 151
11,685
532, 920
241, 084
129, 574
0
.61
3
.59
.........
9
.57
0
.60
251
11, 002
1,368
10, 505
5,482
3, 576 1
4, 335
1, 456
1 !
0
.69 |
.74
0
.89
2
.87
0
.76
0
.76
1,903
2,246
11,452 | 12,208
847
11, 798
1,401
11, 776
1, 502
12, 323
2,332
13, 425
2,168
826
2,042
1,776
2,199
109
1,923
57
1,936
152
1.09
.91 i
.89 !
1.10
.92
.93
1.17
1.01
1.07
1.25
1.04
1.98
0)
1.00
1.02
1.10
1.01
1.02
.95 i
.95
1.15
1.19
1.14
1,415
387
1.13
i
1
| 8,747
1
8,921
| 582,140
i 233,368
| 113,671
10, 009
8,087
558, 440
227, 060
104, 554
8,759
362
39, 903
8, 633
292
36, 029
153, 635
8,607
388
33, 492
9,064
10, 231
532, 980
220, 759
94, 504
8,408
6,492
495, 150
211, 091
86, 856
12, 479
14, 666
463, 660
196, 869
77, 631
23,445 i 49,708
15,447 ! 16,831
451, 860 477, 190
190,717 I 185,120
79,395 117,973
115, 247
9,171
355
38, 320
23, 045
13, 934
491, 130
183, 710
121, 727
102 968
7,963 ! 9, 052
406
270
34, 187
37, 089
8,487 i
219
34,476
19, 082
14, 767
506, 250
222, 260
119,001
12, 946
15, 395
497, 570
246, 247
107, 050
9, 154
15,066
471, 620
249, 686
98, 756
160, 904
7,550
286
33,701
8,891
435
39, 682
9,268
443
40, 371
397
41,833
a
380
37, 393
6.65
6.84
6.83
6.64
6.34
6.84
7. 05 |
7. 18
7.46
7.50
7.32
7.25
5.40
5.63
5.55
5.40
5.28
5.48
5.79
6.01
6.14
6.22
5.88
5.79
7,332 !
8, 719
7,867
8, 362
7,455
8,103
7, 507
7, 325
8,654
8,822
9,181
8,211
8,062 ! 9, 564
589, 978 '• 706, 100
54
47
8,677
639, 724
55
9,465
674, 587
50
8,298
607, 078
48
9,208
8,407
7,966
657,205 613,279 600,486
50 !
46 ;
47
9,425
704, 298
52
9,881
716, 936
59
736,619
55
4, 761
4,700
4,764
4,920
5,090
3 473
4,567 !
4,634
5, 010
4,157 :'
4 ? 650
l
4, 570
4, 700
3,914 ...
a
655, 023
53
LIVESTOCK AND MEATS
Total meats:
1,272
Consumption, apparent--.
.mills, of lb-_
1,038
1,000
1,052
1,015
1,178
1,085 :
981
1,092
Production (inspected slaughter)
mills, of lb_
1,231
1,465
1,052 :
1,015 i
1,241
1, 142 ;
1, 076
1,057
1,008
Stocks, cold storage, end of month, total
mills, of Ib.. 1,080
1,048
945
911
1,043 '(
935
932
994
920 I
881 :
852
828
«921
Miscellaneous meats
mills, of lb__
71
125
65
56
66 >
52
53
61
78
90
113
105 i
107 ;
Cattle and beef:
Beef and veal:
Consumption, apparent
thous. of lb_.
415, 516 499, 292 438,808 ! 463,946 j 448, 926 499,805 461,905 : 440,043 483,974 !
1,389
Exports!
thous. of lb_.
1,924
1,371
2, 063
1,778 ! 2,670 i
1,514
1,356 j 2,250
2,269 ! 1,683
1,688 :
1,961
Price, wholesale:
Beef, fresh native steers, Chicago
dol. per lb_.
.082
.089
.092
.126
.090
.113
.114
.099
.123 I
.125 |
.133
.141
.123
Production, inspected slaughter
thous. of Ib-.
423, 351 492, 762 431,000 I 454, 655 437, 914 493,768 i 463,411 I 453,986 498,457 | 573, 493
Stocks, cold storage, end of month
thous. of lb_. 141, 186 79, 232 72, 948 64,745 ! 55, 848 46, 590 42,546 ! 45,471 j 61,545 80,075 | 92, 575 108, 399 « 127, 953
Cattle and calves:
Movement, primary markets:
i
Receipts
thous. of animals
1,643
1,343
1,797
1,404 '
1,500
1,592
1,812 i 2,985 \ 4,234 ' 3,777 ! 3,000
1,809 !;
2,163
Slaughter, local
thous. of animals
1,221
854
1,098
952
999
1,225 ! 1,672 ; 2,186
1,045
1,209
1,356
2, 140
1,711
Slaughter, inspected. (See Leather and
leather products.)
;
Shipments, total
thous. of animals.565
491
527
437
495
518
592 i
585 ! 1,231
2,041
835
1, 257
1,071
Stocker and feeder
thous. of animals. .
165
165
176
121
138
147
162 i
139 !
470 (
802 i
477
317
550
Price, wholesale, cattle, corn-fed, Chicago
dol. per 100 lb_.
5.32
9.17
5.55
6.51
5.83
7.44
8.23 \
8.57 ;
8.40
8.50 l,
8.71
S.46
9.36
Hogs and products:
Hogs:
Movement, primary markets:
Receipts
thous of animals • 3,140
3,332
4,231
2,727
2,468
2,674
3,076 i 2,684 i 2,519 i 2,067
3,218
2,807
2,093
Slaughter, local
_- thous. of animals
2, 189
2,406
3,010
1,853
1,679
1,883
2,272 ! 1,934
1,777 i
1,420 ;
2,032
1,531
2,338
Slaughter, inspected. (See Leather |
and leather products.)
Shipments, total
thous. of animals..
953
929
1,207
801
873
781
798 !
759 |
732 ;
645
561 i
771
881
Stocker and feeder
thous. of animals..
42
29
41
34
37
28
39 i
45 '
46 '
59
52
G6
67 !
Price, heavy, Chicago
dol. per 100 lb__ 6.51
3.31
3.38
4.27
4.33
3.87
3.58 |
4.34 !
4.85 i
6.19
7.23
5.95
5.95
Pork, including lard:
Consumption, apparent
thous. of Ib..'
567, 717 715, 880 512, 275 536, 044 518, 587 631,250 ! 577, 156 ! 493, 580 ' 551,041 ! 442,679
Exports, totalf
thous. of Ib ~~25~670~ 67, 453 62, 617 50, 715 52, 114 49, 762 79,942 \ 56,251 1 51,243 '• 45,644 41,650 i 35, 737
34, 023
Lardf
-thous. of Ib.J 16, 170 54, 838 51, 202 36,908 39, 493 39, 350 66, 167 41,008 33,466 ! 29,358 ; 31,506 26, 870
19, 739
Prices:
;
Hams, smoked, Chicago
dol. per lb__
.161
.119
.118
.120
.136
.138
.136 ;
.156
. 171 1
.172
.184
.164
.176
Lard:
Prime contract, N. Y
dol. per lb__
.122
.051
.057
.066
.071
.067
.066
.068
.072
.090
.102 I
.112
.101 i
Refined, Chicago*
dol. per lb__;
.131
.062
.071 i
.059
.077
.073
.070
.073 i
.081
.099 :
.108 1
.116
.116
• Revised.
* New
vfew series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 18 of the January 1934 issue, wholesale price of lard.
f Data revised. For revisio
_, from July
, ..^
isions of wheat flour,; rproduction and consumption
December 1932,
see p. ^19„.ofv ~the August 1933 issue. For
F revisions
x
v(Russell's)
rf 1931 to „„_
of beef and veal exports for 1932, see p. 40 of the June 1933 issue. For revised exporFdata for 1933, see~p72~d of the" SeptembeFl934 Issue"."
• Dec. 1 estimate.
•1 Represents the visible supply east of the Rocky Mountains as reported by Dun <fe Bradstreet.
Price not available.
/ Final estimate.
42
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found December
in the 1932 Annual Supplement to the Survey
1933
February 1935
1934
FebruD
berm" January
ary
March
April
June
May
July
August Sept-- October November
FOODSTUFFS AND TOBACCO — Continued
LIVESTOCK AND MEATS— Continued
Hogs and products— Continued.
Production, inspected slaughter, total
thous. of lbLard
thous. of R^Stocks/cold storage, end of mo.
thous. of lb—
Fresh and cured
thous. of lbLard
—thous. of lb._
Sheep and lambs:
Lamb and mutton:
Consumption, apparent
thous. of lb—
Production, inspected slaughter
thous. of lb—
Stocks, cold storage, end of mo.
thous. of lb—
Movement, primary markets:
Receipts—
thous. of animals —
Slaughter, locaL
thous. of animalsSlaughter, inspected. (See Leather and
leather products.)
.
Shipments total
thous. of animals __
Stocker and feeder
thous. of animalsPrices, wholesale:
Ewes Chicago
- - -dol. per 1001b__
Lambs Chicago
dol. per 100 lb__
Poultry and eggs:
Receipts 5 markets
-thous. of cases ..
Stocks, cold storage, end of month:
Case
thous. of casesFrozen
thous. of lb—
Poultry:
Receipts, 5 markets
thous. of lb—
Stocks, cold storage, end of mo.
thous. of lb—
751, 663
150, 287
915, 320
188, 461
573, 708
115, 974
508, 993
99, 612
572, 457
113, 056
699, 676
137, 597
633, 062
124, 069
574,229
107, 101
452, 672
78, 125
427, 324
69, 444
762, 206
629, 696
132, 510
899, 160
730, 404
168, 756
910, 000
733, 956
176, 044
830, 997
657, 222
173, 775
835, 185
656, 087
179, 098
823, 808
641, 568
182, 240
823, 560
628, 425
195, 135
853, 063
643, 566
209,497
709, 165
542, 010
167, 155
652, 274 610, 256 * 675, 740
524, 22 ( 504, 737 a 57 1,913
128,054 105, 519 « 103, 827
54, 869
56, 556
48, 605
52, 039
47, 676
47, 166
45, 709
47, 452
57,083
56, 026
56, 799
47, 519
51, 097
46, 976
47, 286
45, 829
47, 551
57, 215
4,526
4,012
4,183
3,052
2,024
1,281
1,363
1,450
1,518
1,608
2,400
3, 074
« 4, 687
1,542
902
1,774
1,033
1,818
1,132
1,454
902
1,570
957
1,838
959
2,114
1,014
1,810
918
2,152
998
2,615
1,106
3,324
1,384
4,056
2,126
1,833
1,017
644
133
739
143
691
116
547
79
625
81
872
135
1,104
155
891
115
1,155
190
1,482
390
1,931
774
1,943
908
819
283
2.63
5.98
2.44
6.59
2.75
7.23
4.18
8.33
5.00
8.63
4.75
8.90
3.00
8.97
1.63
7.24
1.78
5.91
1.47
5.59
2.09
5.56
2.00
5.56
2,00
5.61
642
590
808
1,165
1,824
2,051
1,927
1,452
1,009
828
665
655
588
647
64, 863
731
61,419
50
49, 910
90
39, 181
1,208
38, 679
4,640
62, 632
7,819
93, 947
8,965
116, 058
8,961
121, 564
7,938
Hi, 994
6,803
99,951
4,633
88, 715
2,380
« 76, 073
809, 014
690, 862
118, 152
59, 223
70, 640
31,531
19, 336
16, 435
13, 347
19, 604
22, 755
22, 417
21, 861
24, 725
31, 383
131,752
123, 503
120, 177
101, 776
74, 197
49, 212
39, 790
40, 609
44, 904
46,053
55, 262
73, 401
10, 933
.0504
9,581
.0419
19, 146
.0472
16, 919
.0520
30, 502
.0540
26, 539
.0539
8,044
.0561
10, 843
.0572
10, 456
.0535
10, 914
.0535
18, 973
.0510
17, 154
.0485
16, 713
.0487
45, 259
44, 599
52, 253
47, 607
42, 235
22, 287
9,850
10, 568
10, 798
15, 803
3,441
11,822
32, 462
Clearances from Brazil, total.thous. of bags— 1,076
1,877
1,426
572
To United States
thous. of bags 752
997
Imports into United States #_ thous. of bags762
1,144
1,100
Price, Rio No. 7, N. Y
-dol. per lb- .093
.091
.081
Receipts at ports, Brazil
thous. of bags-. 1,105
1,419
1,520
Stocks, world total, incl. interior of Brazil
thous. of bags...
(0
0)
Visible supply, total excl. interior of Brazil
thous. of bags.. 6,642
7,590
7,718
United States
thous. of bags716
1,038
1,076
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons—
983
1,212
926
United States:
Meltings 8 ports f
long tons 227, 522 179, 119 237, 313
Price, wholesale, 96° centrifugal, New
York
.
dol. per lb— .029
.032
.032
Receipts:
From Hawaii and Puerto Rico
long tons— 58, 463 30, 840 79, 790
Imports f $
long tons 260, 715 105, 123 173, 846
Stocks at refineries, end of mo.f
long tons— 718, 953 203, 513 256, 031
Refined sugar:
Exports, including maplet
long tons- 21, 461
3,560
5,965
Price, retail, gran., N. Y
dol. per lb—
.052
.052
.052
Price, wholesale, gran., N. Y._dol. per lb—
.043
.042
.043
Receipts:
From Hawaii and Puerto Rico*.long tons.. 2,528
13, 203
873
Imports:
Cuba* _ _ _
long tons . 6,343 27, 268 30, 985
Philippine Islands*
long tons—
53
Shipments, 2 ports
long tons34, 668
39, 925
Stocks,, end of month, 2 ports. ..long tons—
22, 701
26, 360
Tea:
Imports #
thous of lb
7,670
6,938
5,015
Price, wholesale, Formosa, fine, N. Y.
dol. per lb—
.215
.181
.175
1,476
779
1,353
.107
1,381
1,242
636
1,305
.109
1,534
842
425
996
.104
1,212
903
418
790
.103
780
1,449
546
736
.102
901
787
512
788
.095
919
1,077
649
758
.097
1,245
1,467
783
919
.095
1,047
1,308
815
1,018
.094
1,154
978
514
1,021
.093
1,113
31, 118
29,309
27, 141
22, 266
21, 133
8,600
891
8,564
932
8,526
886
8,302
818
7,064
866
TROPICAL PRODUCTS
Cocoa:
Imports??
long tons ._
Price, spot", Accra, N. Y
...dol. per lb—
Shipments, Gold Coast and Nigeria
long tons—
0)
0)
7,564
980
8,084
1,025
0)
0)
8,496
955
8,499
916
64, 370
0
105, 565
6,820
820
1,862
2,422
2,475
2,364
2,212
2,041
1,764
1,589
1,345
259, 470
289, 666
272, 885
344, 352
350, 731
300, 448
307, 685
350, 048
411, 507
278, 822
.033
.031
.028
.028
.029
.032
.033
.029
.029
.029
192, 519
114,484
205, 989
173, 838
155, 446
214, 079
146, 258
250, 111
149, 087
197, 640
188, 196
53, 117
73, 180
91, 212
98, 415
49, 393
683, 137 « 241,262
65, 794
165, 562
291, 644
406, 345
516, 505
561, 680
637, 831
633, 593
626, 796
501, 240
383, 952
456, 679
4,187
.051
.044
4,248
.051
.044
4,246
.051
.044
5,622
.051
.041
4,649
.052
.045
6,376
.055
.047
9,494
.055
.047
13, 369
.055
.047
20, 194
.055
.046
24, 453
.053
.045
12, 366
11, 039
536
3,089
0
670
134,194 « 64, 724
0
2,619
73, 211
59, 952
16, 805
20, 663
2^435
1,335
9,981
13, 596
15,294
14, 180
16,478
10, 879
9,913
48, 267
21, 950
53, 045
30,282
45,883
31, 164
16, 473
21,512
76, 934
25, 147
4,696
6,758
4,493
4, 389
5,419
6,471
9,193
7,426
7,942
7,668
.185
.185
.193
.199
.215
.215
.215
.215
.215
.215
0
21, 226 - 18, 317 « 15, 439
0
3,323
590
58, 694
70, 545
68, 609
22, 373
18, 918
10, 228
a
MISCELLANEOUS PRODUCTS
Candy sales by manufacturers. -thous. of dol— 24, 596 22, 319 20, 516 19, 538 21,951 16, 792 16, 884 12, 945 10, 010 16, 433 24, 420 25, 106
24, 935
Fish:
Landings, fresh fish, principal ports
thous. of lb—
17, 043
16, 739
18, 185
24, 782
37,906
34, 848
30, 699
37,791
33, 392
33, 240
26,966
20, 288
Salmon, canned, shipments.
cases..
312, 064 403, 556 513, 130 449, 736 229, 108 203, 316 263,883 496, 061 832, 225 941, 121
Stocks, total, cold storage, 15th of month
thous. of lb-. 73, 839 57,188 44, 660 32, 712 18, 481 15, 883 20, 189 34,285 50,582 62, 577 73,648 77, 104
77, 151
« Revised. Note major correction in data on imports of sugar from Cuba June-November 1934.
* New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May
1934 not available on imports of refined sugar from the Philippine Islands.
t For revised data for 1932 on sugar meltings and stocks, see p. 41 of the> May
1 1933 issue. For 1932 revisions of sugar Imports and exports, see p. 41 of the June 1933 issue.
For revisions of exports in 1933, see p. 20 of the September 1934 issue.
# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
i Data not available.
February 1935
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January
ber
ber
in the 1932 Annual Supplement to the Survey
43
1934
F
U
|jy " j March
April
May
June
July
August
October
N
°bveerm'
FOODSTUFFS AND TOBACCO—Continued
TOBACCO
Leaf:
Exports!
thous. of lb._ 28, 609 62, 568 26, 997
4,198
4,218
Imports, unmanufactured!?
thous. of lb__
3,608
Production, crop estimate
__thous. of Ib •1,095,662 /1,377,639
Stocks, total, including imported types
2,182
(quarterly)
mills, of Ib .
Flue-cured, fire-cured, and air-cured
1,718
mills, of Ib
377
Cigar types
- mills, of lb_
Manufactured products:
Consumption (tax-paid withdrawals):
7,800 11, 483
Small cigarettes
millions. _ 9,210
Large cigars
_ _
thousands.. 317, 563 276, 690 337, 292
Manufactured tobacco and snuff
thous. of lb__ 22, 709 21, 686 30, 846
Exports, cigarettes
thousands 288, 768 271, 219 283, 784
Prices, wholesale:
4.851
5.274
5.380
Cigarettes
dol. per 1,000
Cigars
dol. per 1,000 46. 697 46. 461 46. 616
28, 406
5,449
44,411
4,228
41, 342
4,775
31, 380
4,548
29, 563
6,139
19, 013
5,209
25, 605
3,830
53, 097
5,989
2,435
2,214
2,200
1,957
384
1,736
387
1,748
371
64 810
5,140
47 534
4,521
9,333
354, 165
9,294
345, 067
11, 174
380, 450
12, 045
404, 456
11, 355
378, 056
11,810
425, 453
10, 294
394, 862
10,718
494, 456
9 727
466 164
28, 351 31, 478
188, 956 246, 278
27, 260
344, 740
29, 056
336, 264
29, 420
252, 609
28, 691 30, 948
225, 387 310, 334
27, 234
260, 409
30, 506
280 590
27, 769
282 269
5.380
46. 839
5.380
46. 839
5.380
46. 839
5.380
46. 839
5 380
46. 742
5 380
46 697
9,168
299, 214
5.380
46. 893
5.380
46. 839
5.380
46. 839
5.380
46. 839
FUELS AND BYPRODUCTS
COAL
Anthracite:
88
82
71
89
71
96
99
125
87
Exports _ _ _
thous. of long tons..
90
91
122
Prices:
Retail, composite, chestnut
13.27
12.94
13.24
13.27
12.34
12.40
12.60
13.02
13.25
dol. per short ton._
12.83
13.05
13.11
Wholesale, composite, chestnut^
9.922
9.878
9.912
9.459
9.084
9.216
9.881
9.451
dol. per short ton.. 9.847
9.598
9.760
9.815
5,952
6,418
4,837
4,184
6,125
5,250
3,584
3,443
3,977
4,729
Production! . . - - -thous. of short tons.. *4,705 <* 4, 437
5,356
4,012
5,189
5,198
4,173
2,974
4,491
3,495
3,110
3,401
Shipments!
thous. of short tons.. 4,214
4,027
308
690
1,541
1,106
725
316
1,165
1,769
Stocks, in storage
thous. of short tons.. 2,269
2,023
2,227
3,019
Stocks, in yards of dealers, end of month
34
29
44
19
17
61
59
65
79
no. of days' supply..
36
54
80
Bituminous:
Consumption:
3,694
3,774
3,832
4,578
4,306
4,459
3,529
4,757
3,241
Coke plants
thous. of short tons.. 3,637
3,376
3,481
2,821
2,827
2,391
2,801
2,817
2,871
2,652
2,944
Electric power plantsf-thous. of short tons._
2,868
3,006
2,740
2,911
4,984
5,180
5,759
4,804
5,256
4,837
4,553
4,543
Railroads
tbous. of short tons..
4,735
4,801
5,089
91
70
90
81
73
122
107
101
Vessels, bunker
thous. of long tons..
89
119
98
109
490
675
448
369
382
991
Exports
thous. of long tons
1,074
537
1,108
1,036
1,033
1,059
Price, retail composite, 38 cities
8.22
dol. per short ton..
8.36
8.24
8.18
8.23
8.23
8.18
8.13
8.18
8.30
8.31
8.35
Prices, wholesale:
3.961
3.972
3.974
3.972
4.120
4.200
4.179
Composite, mine run.._dol. per short ton.. 4.190
4.185
4.199
4.192
4.190
Prepared sizes (composite)
4.164
4.210
4.216
4.233
dol. per short ton.. 4.460
4.178
4.236
4.217
4.343
4.393
4.449
4.435
Production!
. . thous. of short tons . P 31, 386 " 30, 377 32, 916 31, 970 38, 497 24, 772 28,100 26,424 25,280 27,462 27, 670 32, 573
Stocks, consumers, end of month
thous. of short tons.. 34, 440 32, 840
27, 100 28,371 27, 711 28,490 29,493 30,387 31, 441 33, 077 35, 810
COKE
42
Exports .
....
thous. of long tons..
39
25
39
55
45
52
66
92
105
114
127
Price, furnace, Connellsville
3.73
dol. per short ton..
3.75
3.50
3.63
3.43
3.59
3.64
3.73
3.73
3.73
3.73
3.73
Production:
84
118
150
61
97
51
Beehivef
thous. of short tons
"97
51
76
51
44
55
2,418
2,451
2,493
2,875
2,476
2,969
3,192
2,990
Byproduct!
thous, of short tons
2,317
2,381
2,280
2,175
Petroleum
thous. of short tons
129
121
101
74
104
127
126
129
96
101
110
Stocks, end of month:
Byproduct plants
thous. of short tons.. 3,418
2,850
1,964
2,347
1,808
1,713
1,948
2,047
3,081
2,312
2,648
2,846
Petroleum, refinery
thous. of short tons
727
637
595
565
653
504
464
515
494
478
484
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills) thous. of bbl
70, 440 71, 512 66, 470 71, 807
73, 563 76, 258
76, 054
75, 388
79, 812 79,698 73, 389
2,794
Imports #
thous. of bbl
3,011
2,876
2,416
2,272
2,877
3,442
3,947
2,561
2,621
2,395
3,270
Price, Kansas- Oklahoma
dol. per bbl._
.940
.940
.940
.940
.940
.940
.940
.940
.940
.940
.940
.940
Production !§
thous. of bbl_.
72, 157
71, 976 65, 450 75, 548
75, 796
79, 870 80,040 81,548 79,058 75, 810 76, 776
Refinery operations
pet. of capacity
65
66
69
67
70
71
72
67
73
68
72
Stocks, end of month:
California:
Heavy crude and fuel oil§ thous. of bbl
87, 826 86, 869
83, 812 81, 584 78, 965 76,604
74, 815 73,834
71,207 69, 490 67, 133
Light crude §
thous. of bbL.
35, 879 35, 645 35, 148 35, 842 35. 659 35, 467 35, 507 35, 881 36. 279 36, 672 37, 209
East of California, total ! § thous of bbl
312, 070 311, 659 309, 864 311, 576 312, 005 313, 840 315, 051 312, 673 307, 884 305, 270 302, 251
Refineries !§
thous. of bbl__
55, 458
57, 048
55, 582 56, 383 55, 482
57,069 56, 526 55, 694 55, 178 55, 775 55, 954
Tank farms and pipe lines! §thous. of bbl
255, 022 256, 201 254, 282 255, 193 256, 523 256, 771 258, 525 256, 979 252, 706 249, 495 246, 297
Wells completed !§
number..
905
910
810
914
1,112
1,234
930
1,126
1,182
1,047
1,216
Mexico:
Exports.
thous. of bbL.
2,582
1,979
2,179
2,148
2,260
2,167
2,037
2,621
2,573
2,099
Production
thous. of bbl
3,114
3,259
3,192
3, 394
2,862
2,715
3,206
2,923
3,278
3,299
3,433
Venezuela:
Exports
...thous. of bbL. 11,112 10, 558
9,844
10,
268
10,
930
9,199
9,962 10, 723 10, 822 10,576 10, 661 10, 586
Production
thous of bbl
12, 115 11, 084
10, 860
9,769 10, 900 11, 028 11, 542 11, 203 11, 976 12, 233 12,076 12, 241
120
13.04
9.833
a
4, 181
3,601
0
2, 952
60
3,438
-2,694
120
949
8.35
4.190
4.449
30, 450
« 36, 356
83
3.73
94
2,267
113
3,418
459
73, 375
3,448
.940
72, 463
69
63,891
37, 290
296, 830
55,015
241, 815
1,032
10, 319
11,732
« Revised.
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933—data revised for 1933.
Seep. 20 of the September 1934 issue; 1932 final revision of anthracite and bituminous coal production, p. 42, January 1934; anthracite shipments for 1932, p. 42, December
1933; consumption of bituminous coal by electric power plants, p. 42, May 1933; beehive and byproduct coke for 1932, p. 43 of December 1933 issue and for 1933 revisions
see p. 43, July 1934. Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932. See footnote on p. 56, November 1933.
# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
J Price converted to short-ton basis. Data prior to November 1931 not published.
• Dec. 1 estimate.
t FinaJ estimate.
§ Data revised for 1933. See p. 20 of the January 1935 issue.
v Preliminary.
SURVEY OF CURRENT BUSINESS
44
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decemin the 1932 Annual Supplement to the Survey
ber
February 1935
1934
1933
D
March
g?»- January
April
May
-| October j N
June | July j August
FUELS AND BYPRODUCTS—Continued
!
PETROLEUM AND PRODUCTS— Con.
Refined products:
j
Gas and fuel oils:
1
Consumption:
954
Electric power plants!
thous. of bbl..
893
Railroads
thous. of bbl —
3,118
Vessels, bunker
- thous . of bbL . j 2, 434 2,705
Price, fuel oil, Oklahoma, 24-26 refineries |
dol. per bbl. _ j
.750
.663
Production:
Residual fuel oil*f§
thous. of bbl..
18, 964
Gas oil and distillate fuels*! §
thous. of bbl
7,331
Stocks:
Residual fuel oil, east of California*! §
thous. of bbl
17, 660
Gas oil and distillate fuels, total*§
thous of bbl
16, 315
Gasoline:
28, 572
Consumption!!
thous. of bbL.
1,452
Exports*
thous. of bbL. 1,429
Exports, value. (See Foreign Trade.)
Price, wholesale:
.161
Drums, delivered, N.Y
dol. per gal..
.177
Refinery, Oklahoma
dol. per gaL. .046
.050
Price, retail, service station, 50 cities
dol. per gal..
.143
Production:
3,021
At natural gas plants!! thous. of bbl._
31, 570
At refineries! 5
thous. of bbL.
Retail distribution (41 States)!
841
mills, of gal. _
Stocks, end of month:
992
At natural gas plantsi
thous. of bbl_.
34, 760
At refineries!§
thous. of bbL.
Kerosene:
4,160
Consumption!!
_.thous. of bbl_.
79?'
Exports
thous. of bbl__
851
Price, 150° water white, refinery, Pa.
.046
.052
dol. per gaL4,289
Production!
thous. of bbl._
6, 557
Stocks, end ofmonth§._~thous. of bbl
Lubricating oil:
j
Coi2suniDtion!§
thous. of bbl__,
1, 645
Price, cylinder oil, refinery, Pa.
j
dol. per gal._!
. 126
.190
2,212
Production!
thous. of bbL-!
7,030
Stocks refinery end of mo! thous of bbl '
Other products:
Asphalt:
0
4
Imports;?
thous. of short tons..
155
Production!!
thous. of short tons..
Stocks, refinery, end of month
!
thous of short tons L
255
Coke. (See Coke.)
1
Wax:
!
41, 720
Production
thous. of lb._l
69, 117
Stocks refinery endofmo! thous of Ib i
910
3,166
2,646
875
2, 890
2, 399
755
3,118
2,457
832
3,234
2,530
801
3,174
2,652
866 i
3,242 !
2,412 |
914
3,216
2,633
.725
.725
.725
20,380 i 19,908
19, 360
19, 856
19, 746
8,298
7, 828
7, 970
27, 917
. 738
.750
.750
.750
19, 847
18, 183
20, 539
19,344
20,297
20, 136
7,691
7,155
8,004
7,563
7,761
8,042
7,651
8,723
.690
. 750
812
3, 250
2, 782
865
3,282
2,350
924
« 799
3,494 ..
2, 354
2, 250
. 725
. 750
16, 134
14, 233
14, 044
15,673
16,501
19, 249
21,507
24,600
26, 733
27, 171
14,215
12, 563
10, 658
11,403 ! 13,174
16, 313
19,603
22,927
24, 295
24,772
29, 416
1,797
25, 048
1, 772
30, 528
2, 235
32,735 \ 38,141
2,436 i 1,643
36, 296
1,780
37,395 •
1,495
38,933
1,766
34,877
1,677
37,544
1, 823
34,839
1, 833
.155
.046
.155 :
.045
.155
.047
.155
.046
.155
.043
.165
.046
. 140
. 139
.136
.119
.124
2,960
3,031
37,023 i 37,245
3,046
34, 442
3, 238
36, 174
3, 212
35, 517
.165
.048
. 166
. 048
. 158
. 044
.145
.045 j
.150
.048
i
24,355
. 139
.141
2,907
35, 194
2,838
34, 850
1,061
1,070
1, 090
1, 123
1,075
1,095
1,276 i 1,517
40,914
36,507
1,646
33, 885
1, 590
33,135
1, 589
30,323
1,346
28, 862
1,083
26, 136
889
25, 045
3,222
648
2,372
962
2, 815
751
2, 753
976
3,451
789
3,957
957
4,368
625
. 048
4, 647
4, 822
. 047
4, 548
5, 470
.048
4,206
6, 335
. 046
4,256
6, 998
. 046
4,306
7, 568
.047
4,181
7,495
.049
4, 822
7,385
.048
4, 739
7,123
1, 643
1,651
1,941
1,569
1,491
1,498
1,387
1, 677
1, 495
. 220
2,152
6, 837
. 220
2, 322
6, 796
. 219
2. 577
0, 773
.208
2,211
6,752
. 183
2, 209
6, 782
. 148
2, 152
6, 841
.160
2,106
6,965
. 146
2, 145
6, 939
. 134
2, 062
6, 841
1
106
0
156
3
205
1
250
3
278
3
318
1
320
1
263
0
267
1
215
304
331
371
378
382
358
359
339
315
292
307
46, 480
78, 934
39,200
83,791
43,120
86,644
39,480 : 41,720
91,763 | 101,551
40, 320
108, 087
34,160
115,137
33,880
119,702
33, 880
118,991
39,480
123, 099
39,480
130, 222
j 22,181 ;i 19,907
j 1,914
1,900
! 9,577 i 8,268
! 5,818 i 5,607
| 3,006 i 2,930
12, 958
808
4,571
4,355
2,512
10,879
806
2,408
3,906
2,409
10,018
919
2,148
3,202
2, 658
11,095
658
2,763
3,219
2,554
970
1, 576
2,641
1,523
831
1,786
2,601
1,734
658
1,408
3, 546
2,609
495
1,232
4,023
1,368
.139
. 142
. 136
. 136 i
3,024
33, 462
2, 795
30, 472
3, 019
32, 705
2,926
34, 097
852
788
940
978
992
37, 774
979
41,852
1, 022
41,783
4,245
576
4, 154
716
4, 218
657
3,654
1,148
.048
4, 507
6,228
. 045
3, 961
5, 299
. 048
4, 576
4, 986
1,440
1, 302
.208
2,198
7,020
. 220
1,865
7, 120
3
145
!
!
LEATHER AND PRODUCTS
HIDES AND SKINS
j
Imports, total hides and skins! #„ thous. of lb-_ 12, 635 20,765 i 18,662
2, 104
2, 840
Calf and kip skins
thous. of lb_.
i, 092
7,762 i 5.807
Cattle hides.
thous. of lb_-| 5,342
6,843 : 6,140
Goatskins
...thous. of lb.-i 2,856
2,541 ; 2,494
Sheep and lamb skins
thous. of lb. J 2, 397
Livestock, inspected slaughter:
i
402 :
471
Calves
thous. of animals. _ j
494
721
831
Cattle
-.
thous. of animals-.l 1,188
4,530
5,391
Hogs
thous. of animals. _! 4,196
1,390
1,407
Sheep
thous. of animals. _ j 1,314
Prices, wholesale:
]
Packers, heavy native steers, Chicago
i
.099
.101
dol. per lb-1
. 110
Calfskins, no. 1 country, Chicago
!
dol. per Ib.J
.114
. 167 i
. 144
LEATHER
|
Exports:
!
156
252
Sole leather .
thous. oflb.J
233
6, 684
6, 160
Upper leather! •.._
thous. of sq. ft~| 5,677
Production:
!
981
Calf and kip*
_thous. of skins. _|
.... 1,013
1, 524
1, 641
Cattle hides*!
thous. of hides--'
4,290
Goat and kid*
thous. of skins_ J
.. 3,763
2,322
2,5-80
Sheep and lamb*!
thous. of skins..
Prices, wholesale:
!
.32
.32
Sole, oak, scoured backs (Boston).dol. per lb__
. 28
Upper, composite, chrome, calf, black, "B" |
.350 :
.352
grade
dol. per sq, ft.-l .307
17, 683
1,580
5,837
5,837
3,315
20,709
1,856
6,388
7,598
3,457
22,625
1,221
7,265
9,119
3,124
21,235
2,259
5,184
7,217
4,247
437
733
3, 433
1,159
534
771
3,039
1,242
526
749
3,411
1,164
.103
.096
.108
.104 i
.098
.098
.088
.099
.096
.099
.137
.121
.129
.116
.106
.093
.076
.093
.092
.110
136
4, 859
282
6, 144
185
5, 457
186
4, 336
294
4, 918 j
205
3, 850
753
5,043
425
5,354
363
6,684
451
6,030
879
1,662
4,074
3,558
911
1,744
4,358
3,690
999
1,681
3,949
3,791
1,032 !
1,700
3,940
3,300
1,086 !
1,634 •
3,496 i
2,773 j
1,152
1,512
3,638
2,655
1,177
1,678
3,707
2,409
970
1,470
3,290
2,302
1,161
- 1, 678
3,637
0
3, 062
1, 015
1,666
3,329
2,838
600 '
864 :
4,218 i
1,244
601 j
770
932 ! 1,912
3,763 ; 3,323
1,259 j 1,294
.31
.30
.30
.30
.29
.29
.27
.27
.27
.27
.352
.347
.343
.337
.333
.320
.300
.297
.296
.298
* New series. For earlier data see p. 20 of the February 1933 issue, production of residual fuel oil and gas oil and distillate fuels, and p. 19 of the June 1933 issue, leather,
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43,
•»*•.»
moo
*„_ inoo -.~^,lni~*~. ,->
A1 ~\fn-rr
m*24* T\rr\r\iin+inn nf raoiHnol f n a l /^Uo o n H rra« nil o n H r H e t i l l a f a f n o l o
ctnnlrc nf rAiein'nal fnal nil pact nf f"!fllifnrTlifl
April 1934: imports of total hides and skins and upper leather for 1932, p. 43, June 1933.
# See footnote on p. 35 of this issue. Imports also revised for 1933. See p. 20 of the October 1934 issue.
• Data revised for 1933. See p. 20 of the September 1934 issue.
§ Data revised for 1933. See p. 20 of the January 1935 issue.
Pr»nSlTmT)tifin of PftSO-
SURVEY OF CURRENT BUSINESS
February 1935
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
45
1934
Febru- |
ary j
Mftrrh
Marcn
April
May
i June
ovem-
A , imno t i Septem- October
August
ber
; July
LEATHER AND PRODUCTS—Continued
LE ATHE B— C ontinued
Stocks of cattle hides and leathers (all kinds)
end of month:
Total*
thous of equiv. hides '<
In process and
finished*
j
thous of equiv hides
Raw*
thous of equiv. hides
LEATHER MANUFACTURES
Gloves and mittens:
!
Production (cut), total *
dozen pairs
Dress and semidress *
dozen pairs
Work *
dozen pairs
Shoes:
49
Exports
thous. of pairs..
Prices, wholesale:
Men's black calf blucher,
5.50
Boston
dol. per pair
Men's black calf oxford, lace,
St. Louis
dol. per pair..
4.15
Women's colored calf, Goodyear welt, ox4.00
ford, average
__dol. per pair-Production, total
thous. of pairs . v 23, 038
Men's
thous. of pairs
Boys' and youths'
thous. of pairs
Women's . .
thous. of pairs ._
Misses' and children's
thous. of pairs..
Slippers, all types
_. .thous. of pairs..
All other footwear
thous. of pairs
14, 811
14,931
10, 167
4,644
10,457 ! 10,507 ! 10,512
4,474 : 4,360 | 4,173
78
40
14,867
14,685
41
100 \
14,515
14,374
10,455 i 10,360
4,060 I 4,014
78
:
75
14, 444
14, 852
15, 216
16, 057
16, 751
17,288
10, 291
4,153
10, 321
4,531
10,120
5,096
10, 037
6,020
10, 253
6,498
10,517
6,771
187, 068 226,267
! 119,189 146, 879
67, 879
79, 388
192, 446
121, 183
71, 263
209, 337
134, 592
74, 745
195, 568
131, 188
64, 380
73
72
77
90 1
88
88
5. £0
5.50
5.50
5.50
5.55 :
5.50
5.50
5.50
5.50
5.50
5.50
5.50
4.20
4.15
4.15
4.15
4.15
4.15
4.15 1
4.15
4.15
4.15
4.15
4.15
3.93
20, 095
6,186
1,150
6,765
1,889
1,955
2,151
4.00
25, 787
7,046
1,342
10, 639
2,589
1,424
2,746
4. 00
30, 120
7,845
1,481
12,245
3,056
2, 327
3,166
4. 00
4.00
34, 152
35, 357
8,669
8,423
1,503
1,506
i 14,006 13, 066
! 3,686 | 3, 271
3, 565
3,597
! 3,927
4,288
4.00
33, 874
8, 211
1,540
12, 776
3,185
4,072
4,090
4.00
4.00
28, 247
28, 379
7,585 ! 6, 705
1,452
1,479
9,472 11, 772
2,757
2,647
3,332
3,899
3,187
2,339
4.00
35, 469
8, 588
1,757
14, 927
3,157
4,229
2,811
!
]
4.00
4.00
27, 974 « 28, 506
6,937
7,580
1,321
1, 512
10, 453
8,707
2,630
2,771
4,264
5,161
2,369
2,775
0
4.00
23, 558
6,859
1,252
6, 088
2,268
4,734
2,355
LUMBER AND MANUFACTURES
LUMBER
Exports (boards, planks, and scantlings)**
M ft
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
M ft.
Stocks, end of month
M ft.
Retail yards, Tenth Fed. Res. Dist.:
Sales
M ft.
Stocks end of month
M ft
97, 956
96, 969
70, 282
83,453
109,919
60, 991
53, 879
62, 452
115, 145
92, 933
104, 126
b. m
b. m
4,019 « 2, 604
53, 948 « 61, 820
3,147
58,837
2,994
3,077
60, 533 1 61,827
4,440
62, 857
6,467
63, 800
6,656
62, 665
6,574
60, 754
8,657
64, 388
9,251
61,864
10, 290
57, 614
b. m
b. m
1,626
25, 399
1,862
27, 951
2,268
27, 665
1,792
2,059
27, 493 | 28,351
2,300
28, 052
2,268
27, 760
2,083
27, 734
1,290
13, 643
2,103
27, 259
2,278
26, 548
2,801
26, 221
2,499
25,929
2,219
4,789
2,353
3,234
18, 210
3,629
4,656
2,486
3,665
19, 349
4,763
5,667
2,964
3,665
18, 666
6,438
7,167
4,596
4,643
18, 828
3,037
5,598
4,226
4,303
19, 195
4,437
5,998
4,480
4,512
19, 526
3,283
5,771
4,103
3,573
20, 828
4,092
5,606
2,451
4,421
19, 059
4,072
5,148
3,326
4,279
18, 741
3,165
4,700
3,529
3,386
19, 582
3,395
4,149
4,546
3,408
20, 832
2,905
3,819
2,673
3,005
20,286
3,365
10, 655
6,854
6,417
65, 234
5,423
10, 245
6,900
5,137
65, 051
28, 238
29, 788
7,737
8,112
65, 285
682
17,005
8,919
13,711
62, 532
5,800
12, 415
10, 360
9,476
63, 938
8,646
11, 135
9,546
9,813
62, 635
6,521
9,426
8,951
7,965
63, 375
6,937
8,764
7,301
7,713
64, 251
8,061
8,241
8,115
9,041
64, 168
8,212
8,242
8,579
9,003
63, 444
9,802
7,972
9,404
10, 095
62, 793
8,262
6,425
9,182
9,533
63, 077
124
261
86
109
1,932
1,671
71
218
135
116
1,870
1,652
98
230
124
90
1,887
1,657
124
240
128
116
1,891
1,651
135
239
120
128
1,862
1,623
150
265
135
131
1,856
1,591
113
241
116
124
1,861
1,621
94
232
146
109
1,914
1,682
98
228
116
94
1,940
1,712
105
229
101
101
1,959
1,730
94
223
105
94
1,961
1,737
101
229
98
105
1, 947
1,719
109
227
90
113
1,927
1,700
49
432
383
44
395
352
46
411
365
46
414
368
48
425
377
48
424
376
44
427
383
41
442
401
39
447
408
36
450
414
37
452
415
36
445
409
38
441
403
106
648
542
85
582
496
85
584
499
88
588
500
90
582
492
110
578
468
95
580
485
95
606
511
91
623
523
96
634
538
93
638
545
99
641
541
97
639
542
13,298
9,811
15, 178
11, 162
16, 733
13, 354
19, 965
18, 086
17, 227
18, 204
14, 581
16, 919
12,890
13, 090
9,578
10, 607
7,129 i 5,048
13, 290
13, 075
5,188
14, 043
b m
106, 766
Flooring
Maple, beech, and birch:
Orders:
New
M ft. b. m . 2,669
Unfilled, end of month
M ft. b. m__
3,510
Production
M ft. b. m
3, 339
Shipments
M ft b m
2,668
21, 001
Stocks, end of month
M ft. b. m
Oak:
Orders:
New
_.
M ft. b. m._
6,246
5, 678
Unfilled, end of month
M ft. b. m._
Production
_ _ _ _ _
_M ft. b. m
7,704
Shipments
M ft. b. m
6,964
Stocks, end of month __ _ __M ft. b. m
63, 614
Hardwoods
Hardwoods (Southern and Appalachian districts):
Total:
Orders:
New
mill. ft. b. m
Unfilled, end of month
mill. ft. b. reproduction
mill. ft. b. m
Shipments
mill. ft. b. m__
Stocks, total, end of month. .mill. ft. b. m..
Unsold stocks
mill. ft. b. m._
Gum:
Orders, unfilled, end of month
mill. ft. b. m__
Stocks, total, end of month. .mill. ft. b. m..
Unsold stocks
mill ft b m
Oak:
Orders, unfilled, end of month
mill. ft. b. r^Stocks, total, end of month.. mill. ft. b. m..
Unsold stocks
_ mill. ft. b. m
Northern hardwoods:
Production
_.
M ft. b. m
Shipments
M ft b m
93, 860
a
« 7, 777
55, 191
Softwoods
Fir, Douglas:
j
Exports: §
Lumber*
M ft. b. m.. 45, 325 30, 871 27, 599 25, 492 25, 380 52, 956
35, 959
14, 701
1,173
7,190 60, 138 38, 954
40,728
Timber
M ft. b. m.. 27, 565 18, 975 10, 094
3,252 34, 513 29, 363 19, 715
13, 876
20, 824
25,256 10, 422
426
26, 158
Orders:
Newt
_.M ft. b. m__
124, 446
69, 385 119, 970 119,970 145, 933 141, 457 139, 666 83, 710 89, 530 143, 695 127, 132 125, 789
Unfilled, end of month-..
M ft. b. m__
110, 121
123, 351 142, 352 144, 143 123, 103 152, 648 179, 059 153, 991 225, 167 131, 161 136, 980 140, 114
0
Revised.
* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. For earlier data on leather stocks,
see p. 19 of the January 1935 issue. New series on leather gloves and mittens cover 234 identical manufactures as reported to the U. S, Department of Commerce, Bureau of
the Census. Data prior to July 1933 are not available. These data are not comparable with figures through January 1934 previously shown in the Survey.
§ Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber.
Data for March, June, August, and November 1934, are for 5 weeks; other months, 4 weeks.
Digitized for1
FRASER
p Preliminary.
http://fraser.stlouisfed.org/
• Data revised for 1933. See p. 20 of the September 1934 issue.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
46
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found December
in the 1932 Annual Supplement to the Survey
-T-j January February
LUMBER
LUMBER— Continued
Soft woo ds— C ontimied
Fir, Douglas— Continued
Price, wholesale:
No. 1 common
dol. per M ft. b. m_.
Flooring, 1 x 4, "B " and better
dol. per M ft. b. m__
Production^
_.M ft. b. m._
Shipments^
M ft. b. m
Hemlock, northern:
Production
_
M ft. b. m__
Shipments _
.M ft. b. m
Pine, northern:
Orders, new
M ft. b. m._
Production
.M ft. b. m .
Shipments
M ft. b m
Pine, southern:
Exports:
Lumber§
M ft. b. m
Timber§__
M ft. b. m.
Orders:
New.__
M ft. b. m
Unfilled, end of month
M ft. b. m__
Price,
flooring
dol per M ft. b. m
Production .
M ft. b. m.
Shipments
M ft b m
Redwood, California: J
Orders:
New
M ft. b. m
Unfilled
M ft. b. m.
Production
M ft b m
Shipments
M ft. b. m__
FURNITURE
Household:
All districts:
Plant operations*
percent of normal
Grand Rapids district:
Orders:
Canceled
percent of new ordersNew
no. of days' production. _
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
no. of days' sales..
Plant operations!
.percent of normal. _
Shipments
no of days' production
Southeastern district:
Orders, unfilled, end of month
dol., average per firm..
Shipments _
dol., average per firm..
Prices, wholesale:
Beds...
1926=100.
Dining-room chairs, set of 6
1926=100..
Kitchen cabinets
1926=100
Living-room davenports
1926 = 100. .
Steel furniture. (See Iron and Steel Section.)
1934
1933
D
February 1935
March
April
May
NovemAugust September October
ber
July
June
AND MANUFACTURES— Continued
16.00
18.50
18.56
19.00
19.00
18.00
18.00
18.00
18.00
16.00
16.00
16.00
34.00
37.00
111,017
106, 093
37.00
109, 226
81, 472
37.00
132, 056
111,912
37.00
150, 857
131, 161
37.00
152, 648
136, 980
37.00
132, 056
106, 988
37.00
77, 443
68, 042
37.00
69, 833
65, 804
30.00
144, 143
162, 049
34.00
140, 561
144, 590
34.00
129, 370
113, 703
34.00
122, 656
123, 998
4,053
6,987
3,631
6,464
6,312
6,297
6,474
7,699
6,588
7,631
5,658
8,734
10, 159
8,725
11,550
6,157
7,861
10, 046
5,920
10, 198
4,435
11,014
4,718
608
4, 237
6,997
1,029
6,456
5,224
1,578
6,192
6,905
2,357
5,535
6,272
4,928
7,612
5,924
4,366
6,384
6,970
8,933
6,000
8,794
11, 134
8,317
5,341
11, 266
7,482
6,754
8,664
6,902
4,198
5,189
6,457
6,503
3,266
7,755
5,044
1,014
5,526
24, 851
7,450
21, 156
7,431
20, 415
4,516
22, 655
7,652
26, 549
6,491
27, 735
3,725
23, 113
8,885
26, 604
6,506
26, 502
9,557
26, 698
7,754
22, 129
10, 082
22, 884
9,474
23, 386
6,471
72, 842
49, 164
35. 00
79, 258
74, 603
73, 167
53, 068
38.41
95, 983
81, 272
90, 796 113, 561 99, 840
77, 599 64,366 58, 987
36.55
34.77
34.97
99, 222 98, 961 97, 928
96, 295 113,913 103, 908
113,800
62, 827
34.99
102, 324
114, 402
101, 585
59, 678
35. 03
96, 490
108, 715
15, 932
14, 604
21, 242
17, 934
15, 228
33, 872
16, 733
21, 674
19.00
102, 720 108, 336 133, 794 110, 348 121, 028 100,863
76, 074 90, 425 87, 681 97, 498 82, 514 76, 326
38.21
38.11
38.28
38.02
38.16
37.86
106, 019 112, 141 124, 469 116, 615 117, 665 107, 606
88, 198 99, 193 117, 391 108, 320 122, 202 115, 461
13, 935
26, 853
19, 939
20, 349
20, 278
27, 698
22, 901
18, 943
26, 083
32, 222
25, 184
21, 755
19, 217
30, 693
24, 482
20, 644
23, 300
33, 740
26, 199
20, 147
17,958
32, 769
25,880
19, 402
15, 834
29, 534
20, 647
18, 156
19, 704
24, 946
25, 930
25,444
21, 168
21, 930
25, 449
23, 991
22,811
16, 873
28, 215
25, 204
20, 424
16, 868
26, 345
19, 755
39.0
34.0
31.0
30.0
30.0
30.0
30.0
32.0
35.0
39.0
42.0
41.0
42.0
13.5
5
12.0
5
4.0
10
8.0
6
7.0
8
9.5
5
8.0
7
7.0
7
5.0
9
5.0
8
5.0
9
6.5
10
6.0
10
5
6
10
9
9
6
7
7
9
9
9
8
9
15
32.0
7
20
33.0
7
18
29.0
6
18
28.5
7
18
29.0
8
18
27.0
7
16
27.0
6
15
19.0
5
15
22.0
7
16
24.0
8
17
25.0
8
18
25.0
10
16
34.0
8
22, 070
31,311
11,894
19, 698
37, 518
37, 943
34, 123
51, 145
27, 627
58, 196
18, 911
46, 177
18, 934
44, 612
26, 360
30,821
40, 317
46, 943
34, 759
63, 349
32, 674
60,211
24, 284
64, 616
19, 071
46, 721
68.4
90.1
84.1
76.6
76.1
91.0
87.5
79.4
76.1
90.1
87.5
79.4
76.1
90.1
87.5
79.4
76.1
90.1
87.5
79.4
74.9
90.1
87.5
79.4
73.2
90.1
87.5
79.4
71.5
90.1
87.5
79.4
71.5
90.1
87.5
79.4
71.5
90.1
87.5
79.4
71.5
90.1
87.5
79.4
71.5
90.1
87.5
79.4
70.9
90.1
87.5
76.6
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports§
long tons.. 282, 655 184, 579 178, 023 151,184 261,269 201,539 I 241,753 219,406 233,186 242, 947 301, 330 220, 209 299, 263
35, 272
Imports*!?
long tons.. 19, 708 31,310 22,653 25,407 38,393 26,862 ! 29,465 24,858 17,676 32, 418 23, 847 20, 202
Price, iron and steel composite *
32.15
32.10
31.01
31.15
31.30
32.32
do], per long ton.. 32.39
31.38
32.67 j
32.97
32.96
32.24
32.15
Sales, iron, steel, and heavy hardware
91
105 i
January 1921=100..
78
114
82
109
87
0)
0)
0)
0)
Ore
Iron ore:
Consumption by furnaces
1,298
1,306
1,656
1,728
2,190 i 2,470
2,721
thous. of long tons.. 1,506
1,600
1,236
2,958
1,444
79
99
64
79
128
Imports#___
..thous. of long tons..
73
202
196
154
77
Receipts:
Lake Erie ports and furnaces
421
1,761
20 !
0
0
0
thous. of long tons..
1,468
3,362
2,343
3,118
3,092
257
960
0
0
0
Other ports
thous. of long tons..
683
1,151
1,090
1,025
0 I
1,147
484
2,641
0
0
0
2,631
4,432
4,461
3,439
Shipments from mines, -thous. of long tons..
4,162
Stocks, total, end of month
35, 874
thous. of long tons.. 34, 373 34,673 i 32,973 31,216 29,041 26,581 25,598 27,043 29,961 32, 713 34, 914 36, 341
30, 625
At furnaces
thous. of long tons.. 29,218 29,346 ! 27,727 26,040 24,060 22, 010 21, 218 22,700 25,461 ! 27,858 29, 713 31,056
5,249
5,285
4,571
5,327 | 5,246
5,176
4,981
5,201
Lake Erie docks
thous. of long tons.. 5,155
4,380
4,500
4,343
4,856
Manganese ore, imports (manganese content)*
11
13
20
thous. of long tons..
49
30
21
5
Iron, Crude and Semimanufactured
Castings, malleable: *
28, 530
Orders, new
short tons.. 36, 505 26, 305 32,501 36,594 42,961 38,453 32,639 24,499 21,862 21,306 19,511 18,785
28, 515
Production
short tons.. 32, 746 21,870 30,417 33, 939 43,438 40, 742 37,165 28,340 23, 388 23,910 21, 541 25, 317
396
33.5
30.3
25.6
35.8
40.1
47.9
49.9
Percent of capacity
42.7
33.4 !
27.6
25.6
27.8
21,615
Shipments
short tons.. 29,593 22,310 26,642 31,412 41,530 39,817 39,493 31,607 i 27,591 25, 784 20, 360 21, 683
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day-- 37,615 35,505 i 41,085 46,260 53, 720 63,270 67,300 48,190 i 35, 585 31,295 28, 215 31,310 » 29,395
«59
110
65
75 i
62
87 i
96
Number
117
75
62
i Temporarily discontinued.
* New series. Earlier data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for
castings, p. 20 of the April 1933 issue. New series on iron and steel composite price are shown on p. 19 of the January 1935 issue.
§ Data revised for 1932. For revisions, see p. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 1933;
see p. 20 of the September 1934 issue.
t Revised. Data prior to April 1933 not published.
J Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included.
• Imports from Cuba not included.
# See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
http://fraser.stlouisfed.org/^ Data for March, June, August, and November 1934 are for 5 weeks; other months, 4 weeks.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
February 1935
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January February
in the 1932 Annual Supplement to the Survey
ber
ber
47
1934
March j April
May
June
July
August
*|m- October November
Sep
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Iron, Crude and SemimanufacturedContinued
Pig iron— Continued
Prices, wholesale:
18.00
17.00
Basic (valley furnace)— dol. per long ton..
18.94
17.94
Composite pig iron___ _.dol. per long ton-Foundry, no. 2, northern (Pitts.)
20.39
19.39
dol. per long ton._
1,028
Production
thous. of long tons__
1,182
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range: t
Orders:
44, 906 ° 30 591
New
number of boilers
Unfilled, end of month, total
number of boilers. _ 16, 329
13, 307
Delivery, 30 days or less
number of boilers __ 16, 329
6,275
Delivery, more than 30 days
0
7,032
number of boilers __
Production
_ _
number of boilers ._ 40, 337 a 22, 287
37, 471 ° 27 207
Shipments
number of boilers
Stocks, end of month - _ _ number of boilers. _ 35, 446
33, 897
Boilers, round:
2,946
Production
thous. of Ib
3 414
3,626
Shipments
thous. of lb_.
3,156
Stocks, end of month
__ thous. of lb_. 32, 366
35 005
Boilers, square:
Production
___thous. of lb__ 13, 099
9,048
13, 436
Shipments
thous. of Ib
9 064
Stocks, end of month
thous. of lb__ 96, 554
89, 667
Boiler fittings, cast iron:
4, 298
Production
short tons
3 344
3,060
Shipments
_
_ _ short tons..
3 592
Boiler fittings, malleable:
2, 992
Production
...short tons..
1,581
1,914
Shipments
short tons.1,627
Radiators:
Production
thous. of sq. ft. heating surf ace. . 3,632
1,655
Shipments.thous. of sq. ft. heating surface. . 4,482
2,870
Stocks, end of month
thous. of sq. ft. heating surface.. 24, 786
30, 029
Radiators, convection type: *
New orders:
Heating elements only, without cabinets
or grilles
115
thous. of sq. ft. heating surface t-95
Heating elements, including cabinets and
grilles
182
thous. of sq. ft. heating surface t-_
96
Sanitary Ware
Bathroom accessories: t
Production
number of pieces- 267, 293
94 141
271, 912 88 297
Shipments
number of pieces
Stocks, end of month
number of pieces. _ 372, 876 361,424
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
206. 50 204 10
price (8 pieces)*. ._
dollars
Porcelain enameled flatware:
Orders, new, total
dollars- 525, 540 346, 459
Signs
dollars.. 193, 535 173, 676
111, 188 42 609
Table tops
__
..dollars
Shipments, total
dollars- 530, 050 439, 693
204, 527 257, 021
Signs
dollars
106, 772 48 538
Table tops
_ __
_
dollars
Porcelain plumbing fixtures:
Orders:
1,269
New, net
number of pieces__
1,598
Unfilled, end of month -.number of pieces. . 3,020
8,947
1,300
Shipments _
number of pieces
1,562
9,703
Stocks, end of month
number of pieces..
10,071
Vitreous-china plumbing fixtures:
Orders:
New, net. _ ..
number of pieces.. 227, 462
35,067
Unfilled, end of month, .number of pieces __ 274, 404
80, 173
Shipments
number of pieces. _ 129, 418
42, 662
Stocks, end of month
number of pieces. . 464, 360 579, 227
17.00
17.94
17.00
17.94
17.00
17.94
17.25
18.36
18.00
18.94
18.00
18.94
18.00
18.94
18.00
18.94
18.00
18.94
18.00
18.94
18.00
18.94
19.39
1,215
19.39
1,264
19.39
1,620
19.64
1 727
20.39
2 043
20.39
1,930
20.39
1 225
20.39
1,054
20.39
898
20.39
951
20.39
957
45 788
88 274
39 974
39 326
35 683
34 627
33 576
36 006
51, 734
64. 211
57, 566
10, 195
9,740
9,492
9,355
385
59, 673
59, 439
« 29, 153
a
20, 555
21, 725
14, 368
17, 013
11,338
11,818
9,738
9,993
12, 724
16, 454
19, 002
12, 044
13, 101
8,688
9,150
7,844
8,695
11,878
4,101
43 466
38 540
38, 823
2,723
80, 668
87 104
32, 387
2, 324
49, 100
46 301
35, 186
3,912
35 960
36 681
34, 465
2,650
41 021
41 358
34, 128
2,668
34 741
33 180
34, 902
1,894
33 255
33 746
33, 869
1,298
37, 735
35 751
35, 853
846
703
45, 375
63, 434
49, 003 « G6, 740
32, 225 « 28, 919
4 8°0
2,823
35 685
4 246
3,081
40, 012
4 913
2,827
40, 558
3 989
2, 544
42 012
4 133
2,659
43 585
3 342
2,361
44 544
2 691
2,592
44 739
4 195
4,571
44 437
3,886
6,258
42, 035
5,762
10, 652
37, 136
4,391
5, 330
36, 218
9,980
8 300
96,896
11,428
8 710
104, 263
15, 255
8 241
108, 077
11,965
8 287
111,800
15, 014
8 332
118,411
15, 498
10 029
123, 956
11,652
11 172
124,414
15, 554
17 890
121, 973
15, 030
25, 208
111,740
18, 833
34, 185
96, 329
19,783
19,353
96, 933
4 908
6 362
4,237
3,572
4 178
3,184
3 667
3 564
3 557
3 604
3 495
3 586
3 333
3 523
3 914
4 651
4,225
4,655
6,045
5, 943
5, 995
5,027
2,570
3 414
2,610
2,390
2,730
2,094
2,450
2 175
2,856
2,570
2, 436
2 445
2,282
2 180
2,174
2,484
2,383
2,354
2,838
2, 890
2,984
3,090
2,266
2,484
2,409
2,307
2, 923
2,182
2,663
2,682
3,669
2,630
3,964
3,197
3,483
3,136
4,282
5,336
4,011
6,262
4,680
9,282
5,208
6,456
30, 295
30, 593
31, 365
31, 389
32, 775
33, 537
33, 867
32, 969
30, 885
26, 517
25, 473
126
45
77
30
45
62
77
62
44
S4
124
60
76
97
135
95
122
128
178
158
196
131
169 894
174 069
357, 249
147, 407
136 027
368, 629
167, 684
161 893
374, 420
108 593
106 716
376, 297
233,176
219 629
383, 646
222 872
223 461
383, 557
156 270
150 739
383, 161
205 380
211 005
375, 376
349, 072
328, 010
376, 512
m
143, 483 ° 202, 354
133 574 « 195 289
371, 499
370, 036
204 17
204. 74
203. 50
217 40
216 88
218 91
217 88
218 16
211. 26
207 03
206. 89
391, 358
165, 402
62 019
472 676
238 110
62 900
521, 796
155, 005
106, 895
530, 096
204,817
99, 165
731, 321
197, 691
105, 844
715, 665
231, 974
114, 041
817 818
286, 555
119 387
722 258
215 673
117 335
899, 506
343, 340
112 965
842, 156
302, 888
110 862
736 858
266,811
107 398
826 975
307, 511
116 601
594 146
226, 883
110 079
738 460
304 752
106 273
719, 146
306, 463
145 494
740 802
332, 917
145 001
636,811
193,716
220, 279
652, 158
232, 206
195, 541
713 141
248, 598
178 245
764, 436
269, 665
205 059
563 137
180, 523
133 900
583, 567
199, 652
131 993
« 1, 265
8,320
1, 536
« 9, 818
1,455
6,888
2,594
8,951
1,787
6,276
2 074
9,140
1,822
5,277
2,354
10, 422
1,722
4,852
1 769
10, 981
1,785
4,390
1 954
10, 762
2,723
4,333
2 542
9,626
2,017
3,854
2,198
8,847
2,427
3,298
2 771
7,873
2,582
3,667
2 110
7,610
56, 577
81, 334
55, 416
643, 054
79,106
89,878
70, 688
660, 658
60, 045
75, 198
74, 725
683, 797
93, 688
80, 450
88, 436
700, 419
116, 523
87, 095
109, 878
693, 986
127, 557
103, 400
111,252
677, 830
110, 209
97, 710
115,899
658, 788
126, 652
105, 703
118, 659
636,872
134, 088
111,083
128, 708
597, 803
245 098
158,326
197, 855
505, 677
178, 239
176, 360
160, 205
464, 222
19, 409
25, 989
27, 838
28, 885
30, 809
29,940
18, 130
17, 622
14, 304
18, 500
17, 923
26 296
5,852
16.8
27,644
7,085
17 6
35 698
15, 471
22.8
28, 526
6,428
18 2
60, 046
26, 758
38.3
39, 491
12, 174
25 2
63 142
32, 818
40.3
46, 242
18 324
29 5
46 831
16, 812
29.9
57, 313
23, 309
36 6
41 537
10 408
26 5
50, 268
18 904
32 1
41 822
22 407
26 7
46, 182
17 661
29 5
25 538
5 697
16 3
43, 748
17,741
27 9
20, 030
4,417
12.8
31,816
11, 152
20 3
24 327
5 538
15 5
29, 142
9 309
18 6
21 552
4 283
13 8
25, 799
7 218
16 5
1,818
8,722
1 909
9,162
a
Steel, Crude and Semimanufactured
Bars, steel, cold finished, shipments-short
Castings, steel: •
Orders, new, total _ _
__ short
Railway specialties
short
Percent of capacity
Production, total
short
Railway specialties
short
Percent of capacity
Ingots, steel: §
Production
thous. of long
Percent of capacity
tons._
24, 049
42, 036
tons
tons
27, 312
8,128
17.4
23, 916
5,142
15 3
25, 612
4,900
16.4
23, 718
5,024
15 1
tons..
tons
1 941
1 799
1 971
2 183
2 761
2 898
3 353
1 473
1 252 | i 4f)9
3 016
1 363
1 589
35
33
41
33
46
53
56
23
53
27
23
25
28
* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior to
January 1932 not published.
t In equivalent direct radiation.
t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue,
§ Data for 1933 revised. See p. 47 of the August 1934 issue. For 1932 revisions, see p. 46 of the July 1933 issue.
• See footnote on p. 20 of the October 1934 issue.
tons
48
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- «- January ^bruber
in the 1932 Annual Supplement to the Survey
February 1935
1934
March
April
May
June
July
August
Septem- October November
ber
METALS AND MANUFACTURES — Continued
IRON AND STEEL— Continued
;.
Steel, Crude and SemimanufacturedContinued
Prices, wholesale:
.0231
.0240
.0253
.0231
.0253
.0246 ) .0244
.0231
.0231
.0244
.0244
Composite, finished steel
dol. per lb_.
.0244 :
.0244
Steel billets, Bessemer, Pittsburgh
26.00
26.75
29.00
29.00
26.00
27.40
27.00
26.00
26.00
dol. per long ton.. 27.00
27.00
27.00
27.00
Structural-steel beams, Pittsburgh
. 0185
.0170 i .0170
.0170
.0170
.0185
.0181 ! .0180
dol. per lb._ .0180
.0170
.0180
. 0180 :
. 0180
12.13
10.95
8.94
11.75
9.75
9.55
9.19
11.00
10.50
Steel scrap, Chicago
dol. per gross ton.. 10.31
8.50
8.75 :
9.25
U. S. Steel Corporation:
6,579 !
21,082
5,537
Earnings net
thous of dol__
3,769
Shipments, finished products* ..-long tons.. 418, 630~ 600, 639 331, 777 385, 500 588,209 643, 009 745, 063 985, 337 369, 938 378, 023 370, 306 343, 962 366, 119
Steel, Manufactured Products
Barrels, steel:
:
Orders, unfilled, end of month
number-- 452, 930 597, 453 527, 377 500, 355 726,569 820, 884 865, 012 935, 651 684, 403 605, 573 596, 694 460, 880 330, 593
Production
number.. 373, 850 556, 586 662, 293 521, 950 620, 439 589, 182 431, 567 612, 695 519, 444 316, 340 363, 885 524, 232 421, 003
46.0 ;
30.1
43.6
42.8
36.7
22.3
41.9
38.6
48.8
26.4
36.7
25.5
29.6
Percent of capacity Shipments
number . 374. 924 556, 627 660, 688 520, 987 628,485 590, 337 426, 175 607, 692 528, 847 318, 678 368, 771 516, 684 419, 500
Stocks end of month
number-- 27, 328 37, 151 38, 479 39, 442 31,396 : 30, 241 35, 633 41, 158 31, 755 29,461 24, 575 32, 123
33, 626
Boilers, steel, new orders:
376 i
441
277
309
360
385
566
227
236
416
Area
_
thous. of sq. ft_.
260
539
•287
304
294 :
380
597
331
328
212
415
458
249
696
Quantity
..number of boilers..
626
a 447
Furniture, steel:
Business group:
Orders:
972
1,039
866
1,020 i
870
964
1,023
1,115
1,059
993
1,063
813
New
thous. of dol._
1,026
1,044
975 ; 1,013
975
719
1,047
815
910
781
664
Unfilled, end of month
thous. of doL.
619
668
651
894
956 :
934
1,011
1,101
1,046
863
1,040
997
998
Shipments
thous. of doL.
1,090
879
1,039
Shelving:
Orders:
321
222
396 !
343
274
253
206
288
260
258
New
thous. of dol._
219
209
258
272
301
231
272
246
200
191
172
276
154
Unfilled, end of month
thous. of dol—
164
120
196
288
395 I
346
354
231
226
279
203
261
224
215
Shipments
thous. of doL.
217
208
Safes:
Orders:
154
159
162
158 !
186
136
125
143
131
147
New
thous. of dol__
190
°161
118
194
174
166 !
160
196
151
157
200
156
Unfilled, end of month
thous. of doL.
181
230
°216
177
166 i
164
153
166
161
130
113
126
142
126
Shipments
thous. of dol._
172
"126
130
238
162
174
231
246
201
171
170
130
Lock washers, shipments
thous. of dol._
190
171
129
87
Plate, fabricated steel, new orders, total
short tons.. 26, 025 13, 692 15, 897 14, 641 38,924 20, 085 21, 891 27, 395 12, 523 16, 293 15, 108 16, 581
16, 629
2,202 I 2,998
8,746 11,019
2,028
3,334
2,160
2,476
3,754
927
Oil storage tanks
short tons.. 5,185
3,252
3,445
Sheets, black, blue, galvanized, and full finished:
Orders:
110,263 209, 463 184, 355 158,244 ! 272, 412 246, 315 114, 855 72, 517 66, 064 77,063 102, 920
New
short tons
133, 344
69, 472
64, 270
92, 831 166, 182 206, 292 159,672 i 251, 123 257, 845 74, 392
77, 423
100, 745
Unfilled, end of month
. short tons..
67, 062
77, 197
113, 111 163, 622 194, 830 220,282 i 214, 522 256, 537 199, 438 85, 286
76, 051 104, 898
143, 057
Production, total
short tons _
61.4
26.2
23.8
79.0
34.9
67.8 i
66.0
50.4
60.0
32.3
44.0
Percent of capacity
23.4
111,867 130, 878 146, 905 200,701 j 184, 042 240, 730 301, 832 85, 442 77, 706 73, 260 95, 107
108, 880
Shipments
_ short tons..
101, 220 106, 310 117, 230 114,934 135, 796 137, 510 106, 950 110, 400 109, 282 99, 888 102, 264
107, 550
Stocks end of month total
short tons
71, 362
71, 968 64,398 63, 667
51, 622 54, 922 63,600 57,722 i 53, 683 48, 714 56, 666
65, 400
Unsold stocks
short tons _
Tin and terneplate:*
166
115
150
80
175
164
160
101
93
85
83
Production...
thous. of long tons..
90
85
a
5,764
5,364
6,184
5,226
2,759
4,446 ! 6,132
3,310
2,153
2, 065
2,811
Track work, production
short tons.. 2,272
3,383
MACHINERY AND APPARATUS
Air-conditioning equipment:
1,153
1,094
1,160
1,147
631
760
881 ! 1,097
629
1,397
1,232
1,495
Orders, new, total
.thous. of doL.
1,098
141
241
254
261
300
50
52
198 !
141
83
142
Air-washer group
thous. of doL,
57
118
477
490
518
500
363
353 i
518
547
541
Fan group
thous. of dol _
427
307
282
423
529
363
406
329 j
335
346
318
812
297
767
Unit-heater group
thous. of doL.
687
265
534
Electric overhead cranes:
Orders:
194
89
84
167
120
123
52
319 !
139
129
38
136
New...
thous. of doL.
59
689
522
518
477
563
479 i
279
216
592
260
651
670
Unfilled, end of month.
thous. of doL.
659
79
99
123
78
75
80
54
88 |
Shipments
thous. of dol..
70
143
158
207
89
i
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
43.1
66.5
70.4
50.7
43.8
75.4 i
67.9
55.3
80.4
New
1922-24=100
66.9
37.2
65.8
46.4
52.1
43.1
36.3
35.2
57.8
63.0
49.1
54.4
56.3
51.5
69.7
Unfilled, end of month
_ ..1922-24= 100. _
46.6
33.8
75.6
67.2
48.7
38.2
64.3
62.6
33.4
55.5
51.5
59.6
Shipments
1922-24=100 .
81.1
42.9
37.0
Fuel equipment:
Oil burners:*
Orders:
11,921 15, 634
8,003
5,445
2,941
7,479
7,840
17, 754
3,067
3,234
5,015
8,558
New
no. of burners.. 4,836
3,715
1,652
1,923
3,331
2,321
1,621
674
2,486
2,618
1,640
1,604
1,320
Unfilled, end of month__no. of burners-1,476
6,432
11,
537
5,536
4,967
6,645
7,871
18, 454
8,859
5,445
3,439
Shipments
no of burners
3,259
2,813
17, 028
14, 988
17, 823
18, 753
17, 635
12, 136
13, 684
14, 882
14, 609
13, 797
13, 627
14, 280
11, 180
11, 033
Stocks, end of month
no of burners
Pulverized fuel equipment:
Orders, new, storage system:
2
0
1
0
0
0
0
0
0
3
0
0
Furnaces and kilns.. _no. of pulverizers..
0
0
0
0
0
0
2
0
0
0
0
Water-tube boilers no. of pulverizers..
0
0
Orders, new, unit system:
3
2
0
0
0
0
0
0
0
0
2
3
Fire-tube boilers
no. of pulverizers ..
2
4
2
4
0
5
1
1
0
1
0
6
0
Furnaces and kilns. __no. of pulverizers ..
a 21
4
12
5
0
7
3
8
3
Water-tube boilers.. .no. of pulverizers..
8
4
°17
6
Stokers, mechanical, new orders:
715
Class 1, residential*
number I
Class 2, apartment and small commercial* 1
number
115
Class 3, general commercial and small com90
mercial heaters*
number
Class 4, large commercial:*
113
Number
Horsepower- _
_
17, 967
1
* Revised.
* New series. For earlier data see p. 18 of the January 1934 issue, United States Steel Corporation shipments, p. 20 of the December 1932 issue, tin and terneplate, p. 19
of the January 1933 issue, stokers. Current oil-burner series available only back to January 1933 are based on reports from 149 concerns; see p. 48 of the May 1934 issue for
1933 data.
:
February 1935
SURVEY OF CURRENT BUSINESS
1933 •
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
49
1934
March 1 April
May
June
July
NovemAugust 1 Se£erm~ October
ber
METALS AND MANUFACTURES — Continued
MACHINERY AND APPARATUS-Con.
Machine tools:^
Orders:
New*
1926=100
66.1
70.0
53.7
50.9
36.2
48.1
46.5
45.9
35.3
43.9
52.4
34.7
41.4
Pumps:
Domestic, water, shipments:
Pitcher, hand, and windmill
units. . 26, 612
17, 539
21, 242 32, 734
30, 620
26, 887
34, 320
29, 848
27, 851 34, 077 23, 454 20, 217
18, 630
Power, horizontal type
units—
517
395
317
664
450
639
553
715
891
821
506
777
635
Measuring and dispensing, shipments:
Gasoline:
419
262
692
488
°849
773
Hand operated
units..
685
488
620
563
•661
538
1,794
1,262
2,712
Power
units
1, 356
2,745
2,306
«1, 888
«1,879
3,327
3,193
«2, 240
2,630
1,867
Oil, grease, and other:
4,490
5,942
3,003
4,468
5, 119
5,526
5,242
5,092
Hand operated
units
5,323
6,678
6,960
4,860
5,591
411
422
339
342
621
404
579
766
Power
.
units..
613
608
488
614
614
Steam, power, and centrifugal:
Orders:
New
thous. of dol
630
663
541
663
545
469
727
654
665
703
580
637
615
322
322
332
388
Water-softening apparatus, shipments}: . units. .
227
248
324
274
354
386
486
320
278
4,144
4,895
Water systems, shipmentsj-.
units.4,270
6,691
7,501
8,818
6,331
4,775
4,955
2,646
4,835
5,275
7,618
Woodworking machinery:
Orders:
4
4
Canceled
thous. of dol
9
2
1
8
6
3
8
5
222
244
279
292
252
172
243
New
thous. of dol—
209
256
244
237
262
286
228
Unfilled, end of month
thous. of dol—
247
277
215
250
225
233
312
241
249
303
263
297
Shipments:
152
114
136
114
172
199
Quantity
_ . .machines .
143
199
143
123
127
199
148
227
214
Value
thous. of dol...
236
213
244
342
292
243
247
220
186
239
242
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
14, 130
Imports, bauxite#
..long tons.. 12, 587
14, 365
16, 749
13, 534
13, 249
12, 985
7,958
13, 936
16, 685
13, 394
14, 463
10, 576
Wholesale prices:
No. 1, virgin, 98-99 (N.Y.)
dol. per lb_.
.2290
.2095
.2290
.2095
.2095
.2095
.2095
.2095
.2095
.2095
.2095
.0836
.0923
Scrap, cast (N.Y.)
dol. perlb_. """."1697"
.1025
.0788
.1106
.1003
.0938
.0907
.0888
.0981
.1069
Babbitt metal:
1,726
Production, total
.
thous. of Ib . 2,164
2,256
1,808
1,459
2,474
2,262
1,989
1,653
2,147
2,528
2,426
1,856
541
444
417
398
For own use
. thous. of lb_.
416
498
564
536
643
553
457
380
431
1,364
1,622
Sales
thous. of Ib _
1,839
1,327
1,043
1,273
1,976
1,964
1,890
1,619
1,435
1,400
1,716
Copper:
14, 459
28, 675
Exports, refined§*
short tons.. 23, 648
15, 962
24, 925
24, 279
24, 476 29, 784
19, 395 24, 210
22, 306
30, 721 25, 324
22,817
18, 486
Imports, total§#
_ __
short tons— 15, 152
16, 092
18, 290
25, 382
14, 780
12, 236
13, 724
23, 226
16, 565
5, 785
15, 247
17, 286
Ore and blister
short tons— 13, 922
19,131
18, 287
15, 700
14, 724
15,011 23, 221
15, 048
10, 895
5,533 24, 729
13,418
.0878
Price, electrolytic (N.Y.)
dol. per Ib—
.0878
.0789
.0878
.0789
.0878
.0778
.0817
.0828
.0859
.0878
.0778
.0878
Lead:
Ore:
23,211
Receipts in U.S. ore
_ short tons . 25, 563
27, 471 25, 592 22, 137
24, 375
26, 080
26, 713 25, 218
24, 005
25, 729
21, 803 22, 304
1,782
1,524
1,183
Shipments, Joplin district
short tons—
4,767
1,590
3,901
1,404
3,597
2,933
3,390
5,082
1,518
2,238
Refined:
851
2,726
797
1,732
Imports^
short tons..
826
1,719
2,055
1,928
955
1,537
1,662
1,587
0
.0365
.0357
Price, pig, desilverized (N.Y.).dol. per lb__
.0360
.0414
.0400
.0369
.0400
.0418
.0414
.0398
.0377
.0375
.0400
29, 755
Production
short tons.. 32, 500 36, 649
34, 818
34, 741 29, 695
27, 354
22, 999 27, 070 31,243
28, 723
31, 892 31,379
«31, 762
Shipments, reported...
...short tons.. 34, 680 26, 034
33, 911 25, 778 30, 365
26,276
29, 479
33, 606 36,018 35, 943
30, 673 29, 316
Stocks, end of month
-.short tons . 235, 457 203, 061 207, 674 216, 224 221, 465 222, 892 233, 245 238, 181 240, 595 234, 312 230, 219 229, 859 "232, 934
Tin:
Consumption in manufacture of tin and
1,440
1,290
terne plate*
..long tons . 1,400
1,320
1,320
2,710
2,540
2,480
2,570
2,330
1,240
1,570
1, 780
2,925
4,845
4,530
Deliveries ._
—long tons..
3,310
3, 850
3,130
3,835
3,845
3,575
4,045
2,940
4,405
4,110
1, 478
3,148
3,859
Imports, bars, blocks, etc.#
__long tons_.
4,425
3,231
3,569
3,932
4,242
4,900
2,826
1,944
3,307
.5122
.5087
.5093
Price, Straits (N.Y.)
dol. per Ib—
.5188
.5352
. 5192
.5149
.5287
.5162
.5374
.5122
.5195
.5560
Stocks, end of month:
16, 475
15, 094
World, visible supplv
long tons.. 13, 698 23, 812 22, 476
15, 494
17, 251
16, 313
15, 386
20, 423
17, 704
17, 371
21, 694
4, 998
United States
long tons
2,638
4,048
7,504
8,209
6,461
4,243
5; 069
5,094
4,968
7,014
6,459
5, 649
Zinc:
Ore, Joplin district:
23, 063
Shipments
_.
short tons _ 36, 827 28, 255 20,802
34, 934
11, 820
27, 686 31,782 21, 203
21, 600
26, 487
25, 689
25, 300
17,600
20, 574
Stocks, end of month
short tons
12, 000
17,211 16, 562
17, 337
19, 428
16, 992 21,290
17, 922
21, 788
13, 368
14, 778
Price, slab, prime, western (St. Louis)
.0371
.0383
.0373
dol. per Re.0446
.0432
.0405
.0427
.0424
.0428
.0437
.0437
.0435
.0438
"34, 977
production, total (primary) § short tons— 35, 685 32, 022 «33, 077 -30, 296 «33, 845 -30, 686 «30, 944 "25, 160 "24, 756 «26, 169 «26, 515 "34, 527
32, 793
Retorts in operation, end of mo
number.. 32, 944 27, 190 28, 744 30, 763 26, 952 26, 692 27, 193 31, 284 30, 324 30, 442 31, 352 31, 964
°29, 928
Shipments, total §
short tons— 31, 707 27,685 "26, 656 "32, 485 -32, 877 "32, 072 °35, 589 °30, 217 °26, 966 *21, 663 «21, 913 •30, 294
Domestic §
short tons— 31, 707 27, 663 «26, 612 °32, 485 "32, 874 «32, 072 •35, 589 •30, 169 °26, 966 -21, 663 «21, 913 °30, 294 a °29, 875
Stocks, refinery, end of month §. short tons.. 119, 830 105, 560 •111, 981 °109, 792 °110, 760 "109, 374 "104, 729 "99, 672 •97, 462 •101, 968 •106, 570 «110, 803 !15,852
Electrical Equipment
1,692
Conduit nonmetallic, shipments thous of ft
1,609
1,810
814
1,606
1,981
1,426
1,575
1,488
1,551
1,097
1,111
Delinquent accounts, electrical trade. (See
Domestic trade.)
984
1,519
3,284
1,163
Furnaces, electric, new orders
kilowatts,829
1,147
1,462
1,090
484
479
1,150
1,422
1,415
Electrical goods, new orderst (quarterly)
thous. of dol
100, 334
88, 544
92, 302
128, 034
Laminated phenolic products, shipments
dollars
438, 483 601, 395 566, 490 844, 449 780, 160 760, 788 804, 870 667, 198 695, 382 561, 273 585, 565 528, 025
Mica, manufactured:
Orders, unfilled, end of month
62
64
67
thous, of dol
142
46
124
57
78
63
53
.112
78
116
84
106
99
Shipments
thous. of dol..
111
114
106
120
99
121
147
158
Motors (direct current):
414, 804 220, 776 309, 232 274, 937 287, 031 280, 771 335, 307 260, 355 297, 734 209, 308 262, 947
Billings (shipments)
dollars
Orders, new
dollars _
375, 719 235, 394 215, 558 337, 280 245, 784 321, 483 366, 613 207, 654 243, 700 242, 528 306, 879
Panelboards and cabinets, shipments
233
207
257
211
thous. of dol
.
204
328
205
148
225
152
192
197
• Revised.
* New series; for earlier data, see p. 20 of the Decemlber 1932 fc>sue for ti n and tenae plate; (p. 20 of th e July 19,*4 issue for machine) tools (In eluding fc rging equ ipment. )
t Revised series; for earlier data on new orders for el€ctrical go ods see p. 19 of the August 1 )33 issue,
t Present series on water systems now cover 49 comp anies. D ata revisejd beginn ng Janua ry 1933. See p. 49 of the December 19 34 issue. Note the5 complet 3 revision
for 1934, zinc.
• Data on exports revised for 1933; see p. 20 of the Se ptember 1 934 issue.
5 Series covering t hipments and unfilled orders temporarily dis 3ontinuec
§ Data for 1932, revised; for revisions see p. 48 of the June 1933 issue, 63cports of r efined an d total iniports of cjopper for 1933 revissions on z me, see p. 49 of the January
1934
issue.
# See footnote on p. 35 of this issue. Data for 1933 re Fised; see p. 20 of tlle Octobe r 1934 issu e.
50
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January February
ber
in the 1932 Annual Supplement to the Survey ber
February 1935
1934
March | April
May
June
July
August SeptemOctober November
ber
METALS AND MANUFACTURES—Continued
NONFEREOUS METALS AND
PRODUCTS— Continued
Electrical Equipment— Continued
Porcelain, electrical, shipments:
45, 189 42, 433 30, 426 28,568 43, 433 40, 374 42, 307 51, 359 53, 523 49, 371 39, 351 56, 099
Special
- dollars
Standard
_
dollars-- 20, 723 14, 657 20, 543 17, 244 22, 403 27, 666 22, 169 21, 539 22, 383 24, 691 23, 599 27, 263
321
312
390
363
337
380
177
180
470
220
277
173
Power cables, shipments
thous. of ft._
Power switching equipment, new orders:
22, 920
33, 903
33, 122
35, 475
33,283
27, 611
35, 322
32,289
45, 045
36, 728
31, 347
Indoor
dollars _
92,297
39, 083
43, 075
90, 477 125, 838 107, 437 113, 002
96, 646
38, 002
86,788 115, 806
Outdoor
- - dollars. _
Eadiators, convection type. (See Iron and
steel.)
Reflectors, industrial, sales
units .. 48, 678 63,768 49, 978 45,604 48, 456 52, 453 57, 641 46,681 44, 666 50, 746 48, 256 56, 021
Vacuum cleaners, shipments:
54,000
50, 211
67,414
60,000
78, 475
65, 526
65, 213
50, 348
40, 065
63, 936
45, 006
Moor cleaners
..
number. .
12, 025
14, 802
23, 461
21, 738
20, 014
20, 384
11, 908
18, 759
18, 097
21, 758
18, 357
Hand-type cleaners*
number
Vulcanized fiber:
990
1,464
1,912
1,839
1,552
1,333
1,591
1,741
1,908
1,833
1,306
1,767
Consumption
thous. of Ib
270
294
432
387
316
329
270
315
313
313
357
451
Shipments
thous. of dol..
Welding sets, new orders:
4
2
1
1
2
1
2
4
4
9
7
Multiple operator...
units. .
292
241
252
333
223
371
335
332
395
306
219
Single operator
.
units..
Miscellaneous Products
Brass and bronze (ingots): •
4,322
4,941
5,291
5,143
3,757
3,260
4,106
2,145
4,053
5,223
4,317
Shipments and deliveries
net tons
Brass, plumbing:
347, 988 552, 353 660, 820 799, 592 704, 816 788, 911 740, 222 693, 979 707, 156 708, 694 °960, 463
Shipments*
number of pieces. .
.143
.143
.144
.145
.139
.138
.140
.145
.145
.145
.138
.138
Brass sheets, wholesale price, mill— dol. per lb._
Copper, wire cloth:
Orders:
Make and hold-over, end of month
42
41
63
49
93
51
48
50
47
thous. of sq. ft._
80
76
56
329
282
417
292
691
314
279
369
249
307
238
368
New
thous. of sq. ft..
441
479
622
461
798
423
393
407
460
459
451
745
Unfilled, end of month
thous. of sq. ft._
317
324
430
281
331
357
364
350
343
382
418
356
Production
thous. of sq. ft_.
281
384
300
273
371
312
311
401
339
325
380
378
Shipinents
thous. of sq. ft_.
743
814
735
714
725
718
696
747
714
748
698
788
Stocks, end of month—
thous. of sq. ft_.
Fire-extinguishing equipment. (See automobiles.)
49, 073
27, 585
223
37, 442
91, 908
53, 255
1,053
267
5
273
3,919
849, 415
.144
42
337
428
333
326
742
PAPER AND PRINTING
WOOD PULP
Chemical:
Consumption and shipments, totalf
278, 551
short tons
33, 897
Soda
short tons
153, 579
Sulphite, total
short tons _
65, 050
Bleached
short tons
88, 529
Unbleached
short tons
91, 075
Sulphate
short tons
Imports f#
short tons.. 139, 263 158, 815 139, 835 144, 133 109, 405 77, 150 125, 486 136, 947 150, 031 142, 864 139, 512 165, 936 146, 060
Price, wholesale, sulphite, unbleached
2.10
2.10
2.10
2.10
2.10
2.10
2.10
2.10
2.10
2.10
1.95
dol. per 100 lb__
2.10
2.10
275, 700
Production total!
short tons
34, 448 "
Soda
short tons..
"
151, 434
Sulphite, total short tons
64, 726
.
Bleached
short tons..
86, 708
Unbleached
short tons
89, 818
Sulphate
short tons
Mechanical (ground wood):!
105, 101
Consumption and shipments
short tons
17, 272
16, 880
21, 037
18, 707
14, 243
17, 555
11, 051
9,239
19, 319
Imports#
short tons_. 17,950 15, 872 14, 713 11, 408
107, 465
Production
short tons
PAPER §
Total paper:
738, 266
._
Production!
short tons
733, 585
Shipments!
short tons..
Book paper:
Orders, new:
59
67
67
57
63
50
51
Coated
percent of normal production
61
64
59
59
54
63
61
Uncoated percent of normal production
Orders, unfilled:
5
6
7
5
6
6
Coated
number of days' production
4
4
5
5
7
5
Uncoated
number of days' production
85, 419
Production!
short tons
Percent of capacity
.
88, 580
Shipments!
short tons
Newsprint:
Canada:
Exports
short tons _ 245, 136 185, 637 187, 821 131,919 239,443 157,031 222, 071 202, 177 212, 845 183, 930 190, 794 204, 904 221, 553
Production.
short tons.. 239, 544 "175,042 188, 381 174,447 ; 211,819 216, 510 242, 490 229, 637 208, 238 216, 164 196, 172 235, 021 240, 869
Shipments from mills
... short tons.. 254, 657 "172,015 186, 805 169,054 207,906 220, 769 236, 764 225, 449 199, 926 209, 938 195, 320 228, 921 262, 206
46, 488
Stocks, at mills, end of month-short tons.. 30, 366 « 33, 689 34, 711 40,445 ; 42,973 37, 247 42,459 46, 782 65, 099 61, 359 61,903 67, 994
!
United States:
Consumption by publishers... short tons.. 165, 496 148, 427 140, 955 153,958 156,721 160,815 193, 088 154, 175 150, 600 145, 095 151, 900 168, 372 172, 287
Imports?
short tons 222,897 168, 787 168, 752 124,584 168,839 196, 490 204,036 200,004 197, 227 171, 390 159, 944 201, 146 194, 392
Price, rolls, contract, destination, N. Y.
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
base
.dol. per short ton-- 40.00
Production, total
short tons.. 79, 777 80, 895 84, 897 71,544 84,966 80, 505 89, 726 82, 260 74, 017 79, 971 74, 120 80, 562 •74, 851
89,984
81,
229
•79,
129
78,480
68,047
86,
363
69,
728
83,
196
89,
957
68,
127
|
88,
078
82,
031
84, 629
Shipments from mills *
short tons
Stocks, end of month:
22,
596
18,
425
30,
174
24,080
20,
601
23,
702
12,
428
22,
335
22,060
18,630
20,
337
«
24,
572
17, 784
At mills
short tons
At publishers
short tons 277, 125 199, 845 208, 895 192,808 i 192,335 202,467 216, 061 241, 136 253, 489 270, 690 241, 893 236, 734 244, 388
35, 391
In transit to publishers
short tons.. 46, 237 37, 557 34, 737 38, 345 i 45, 749 43, 432 46, 200 28, 915 28,202 27, 670 42, 818 33, 717
• Revised.
* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. Data prior to October 1931 not published on brass plumbing fixtures.
! Revised series. For earlier data see pp. 18,19, and 20 of the November 1933 issue for chemical, mechanical wood pulp, and total paper; p. 49 of the June 1933 issue for
1932ifor chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper.
# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
• Beginning with January 1934figureshave been compiled by the Code Authority of the Ingot Brass and Bronze Industry. The figures are more complete than those on
deliveries
previously shown. Shipments of the concerns formerly reporting contribute about 80-85 percent of the total for the present series.
http://fraser.stlouisfed.org/§ The Code Authority for the Paper Industry is expected to shortly resume publication of some of these paper figures.
Federal Reserve Bank of St. Louis
February 1935
SURVEY OF CUREENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decemin the 1932 Annual Supplement to the Survey
ber
1933
De c m
b^ -
51
1934
January February
March
April
June
May
July
October NovemAugust September
ber
PAPER AND PRINTING— Continued
PAPER— Continued
Paper board:*
Production
short tons
Shipments
short tons..
Paper board :§
Consumption, waste paper
_. short tons
Orders:
New
short tons..
Unfilled, end of month
short tons
Production.—
short tonsOperations, percent of capacity
Shipments
short tons
Stocks, end of month
short tons— -------Stocks of waste paper, end of month:
At mills
short tons
In transit and unshipped purchases
short tons
Writing (fine) paper:
Production !
short tons
Percent of capacity
Shipments!
_
short tons..
Wrapping paper:
Production!
short tons..
Percent of capacity
Shipments!
short tons..
All other grades:
Production!
short tons
Shipments!
short tons—
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams. _ 41, 536
Foreign
_
reams.. 5,220
Paper board shipping boxes:
1,492
Production, total
- .mills, of sq. ft—
Corrugated*
mills, of sq. ft—
1,323
169
Solid
fiber*
mills, of sq. ft
PRINTING
Blank forms, new orders
thous. of sets- 76, 239
Book publication, total. ..number of editions.-. 1,080
New books
number of editions .
847
New editions
number of editions
233
Operations (productive capacity) 1923 = 100
Sales books:
Orders, new
thous. of books
11, 233
Shipments
thous. of books.. 11,590
265, 468
264, 672
145, 397
173, 251 180, 715 229, 718 197, 368
207, 140 224, 549 208,065 200, 164 «230, 695
196, 461
169, 116
48, 920
176, 337
47.1
152, 712
64,965
218, 169
63, 328
230, 311
57.3
187, 557
77, 825
234, 318
75, 143
223, 366
63.5
192, 685
75, 687
264, 985 230, 754 225, 957 214, 236 200, 278 246, 187 228, 804 255, 744
86, 033 76, 578 80, 958 72, 990 73, 256 71, 523 72, 930 68, 756
254, 819 244, 334 223, 478 224, 214 201, 924 246, 266 233, 426 263, 679
55.4
61.4
63.4
66.1
57.1
52.6
58.7
63.9
221, 114 213, 956 197, 543 190,896 179, 264 223, 686 198, 729 °226, 740
84, 326 82, 190 74, 670 70, 659 69, 119 70,064 71,478 °73, 325
218, 980
62, 352
227, 733
57.8
193, 372
72, 592
172, 231
178, 284
197, 371
205, 891
215, 479
227, 708
221, 667
230, 129
232,650
21, 540
27, 779
37, 065
31, 346
28,493
27, 707
15, 970
27, 726
24, 877
26, 618
•33, 005
27, 764
41,311
9,450
46, 235
10, 947
56,811
15, 322
57, 097
7,312
58, 121
11,854
54, 185
8,030
46,050
8,100
48, 528
8,216
48, 986
6,990
52, 392
5,998
46, 635
8,121
« 1,437
« 1, 263
« 175
« 1, 459
1,282
177
« 1, 827
« 1, 603
225
« 1,650
« 1, 447
204
« 1, 693
« 1, 492
201
« 1, 640
« 1, 438
202
1,576
1,371
205
« 1, 779
« 1, 545
"234
1,757
1,521
"236
1,943
1,096
247
1,634
1,442
193
60, 083
882
764
118
74
62, 642
470
393
77
72
60, 789
630
539
91
74
72, 204
806
677
129
°77
70, 209
585
491
94
75
72, 167
542
457
85
77
92, 182
698
564
134
71
63, 133
485
386
99
71
69, 937
552
457
95
70
76, 895
852
712
140
78
82, 103
771
653
118
78
83,118
727
612
115
80
11, 201
9,668
9,430
11,219
9,733
9,932
12, 135
10, 953
9,782
10, 655
11, 650
11, 395
11, 127
11,470
11, 422
11,357
11, 129
13, 010
11, 799
10, 793
14, 605
12, 924
11,564
11,399
175, 852
241, 445 °230, 921
226, 673
43, 236
65
39, 993
99, 259
70
100, 053
157, 350
151, 528
29, 581
11, 733
RUBBER AND RUBBER
0
a
PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
30, 312
Consumption, total
long tons
25, 306
36, 548
40, 902
36, 620
30, 035
32, 996
43, 329
39, 571
27, 317
28, 526
35, 159
31,358
For tiresJ!
_
long tons
28, 304
22, 033
22,509
19, 864
20, 489
15, 471
26, 767
33, 766
31, 219
30, 195
27, 611
23, 467
Imports, total, including latex !#..long tons.. 18, 171 40, 751 49, 088 35, 220 42, 253 45, 175 49, 901 48, 748 42, 674 32, 700 32, 010 29, 240
37, 212
Price, wholesale, smoked sheets, N. Y.
.134
dol. per lb._
.104
.154
.088
.126
.133
.155
.139
.093
.109
.146
.129
.130
Shipments, world
long tons
84, 000 115, 000
70,000
85, 000
74,000
80, 000
82, 000
83, 000
70, 000
68, 000
87, 801
88, 000
76, 000
Stocks, world, end of month!
long tons.. 676, 000 644, 898 643, 355 652, 690 653, 000 647, 993 659, 865 660, 699 672, 312 663,761 668, 814 669, 557 672, 852
Afloat, total
long tons 104, 555 109, 508 92, 210 103, 329 105, 403 108, 314 112, 401 98, 373 92, 766 86, 408 88, 169 87, 809
88, 281
For United States
long tons
70, 314
72, 401
50, 348
66, 329
58, 373
57, 336
48, 539
47, 809
59, 555
69, 508
57, 210
68, 403
48, 281
London and Liverpool
.long tons _ 134, 927 86, 505 90, 320 92, 519 94, 337 96, 134 96, 214 99, 733 105, 989 105, 290 113,052 121, 020 127, 888
British Malaya
long tons
92, 210
97, 146
96, 971 102, 045 106, 448 107, 607 103, 485 101, 349
90, 000
87, 185
96, 499
96, 556
88, 215
United States! - -long tons 341, 224 365, 000 372, 610 364, 632 355, 254 351, 759 354, 909 360, 548 367, 109 364, 456 364, 108 359, 379 358, 000
Reclaimed rubber:
4,404
7,980
7,615
7,066
6,492
Consumption
_
long tons
7,034
5,600
6,423
7,006
5,132
7,097
8,328
7,697
8,934
8,160
6, 974
Production
long tons
10, 820
9,446
7,353
8,966
9,238
10, 790
10, 185
10, 848
8,143
7,268
Stocks, end of month
_ long tons
22,
035
18,508
19, 454
19, 641
20, 649
20, 319
21, 079
18, 740
13, 692
16, 770
18, 333
20, 015
17, 227
Scrap rubber:
Consumption by reclaimers
long tons
32, 731
36, 875
33, 486
TIRES AND TUBES J
Pneumatic casings:
3,241
Production.
thousands
4,212
3,252
4,323
3,427
2,466
3,804
4,205
4,627
2,848
3,188
5,025
p3, 605
5,172
Shipments, total
thousands
4,305
4,179
3,095
3,186
4,096
5,071
4,033
2,919
2,825
3,126
3,087
*3, 016
4,212
4,956
3,954
2,834
3,026
Domestic ..
thousands
3,106
5,049
4,091
2,993
2,726
3,966
*2, 931
3,043
Stocks, end of month
thousands
11, 621
9,913
9,154
8,436
9,394
10, 793
8,516
10, 403
11, 301
8,166
8,397
7,110
*9, 191
Solid and cushion tires:
18
11
21
Production
thousands
12
16
19
18
15
17
16
14
15
14
16
13
Shipments, total
thousands
18
19
18
15
17
13
14
13
15
14
16
12
19
15
13
12
14
13
17
17
Domestic .
thousands
13
34
33
Stocks, end of month _ ... thousands
33
35
26
28
30
29
31
30
30
28
Inner tubes:
3,974
3,074
3,570
3,123
Production
.thousands
4,228
3,425
2,105
3,956
4,593
3,017
3,445
5,039
»3, 347
4,072
2,934
2,684
Shipments, total
thousands-- »2, 820
4,212
4,755
5,150
4,193
2,609
2,728
3,224
3,103
3,995
5,058
2,543
2,630
4,141
4,663
4,133
4,003
2,871
Domestic
thousands
*2, 752
2,656
3,164
3,906
3,045
Stocks, end of month
__ _ thousands
9,741
8,532
7,812
7,328
7,410
8,247
6,252
8,892
7,907
10, 267
8,151
9,937
*8, 731
Raw material consumed:
Crude rubber. (See Crude rubber.)
12, 942
15, 382
13, 724
13, 169
Fabrics
. _ ...
thous. of Ib
17, 716
13, 267
9,986
18, 721
19, 371
18, 785
20, 927
16, 437
» Revised.
p Preliminary.
! Revised series. For earlier data see pp. 19 and 20 the
of Deceimber 1933 issue for writing, v>Tapping, and other grades of paper; fc r 1932 rev isions, p. 50 of the June 1933
issue for crude rubber imports; and for 1932 revisions, p. 60 of the May 1933 issue for world amI United States sto cks. Dat a on cons iimption <)f rubber for tires r evised for
1932, 1933, and 1934. For revisions see p. 51 of the Augus 1 1934 issu e.
§ The Bureau of the Census has changed the title of thle "Boxbc ard" rep Drtto "Piiper boarc I" since c ata actua lly cover iill board Df .012 of an inch or more in thickness
reported by the cooperating manufacturers. The totals fc r paper-b 9ard prod uction an I shipmerits, as givtm above, computed from the American Paper an d Pulp Association
figures through December 1933, represent the total for al paper bo ard. Figiires giver on prodiiction, op erations a nd new a nd unfille d orders are for 94 identical manufacturers; shipments and finished stocks are for 78 manufacturers and consump tion and stocks of Mraste pape>r for 82 m anufactui •ers. Re\rised figui es given iire not co mparable
with data shown for months prior to October 1933.
I Data for 1934 are estimated to represent approximsitely 97 p srcent of the indus try; data are estim ated to co ver 79 pe rcent of tlae industi y for 192S>-33, inclu sive, and
75 to 80 percent prior to 1929.
# See footnote on p. 35 of this issue. Data for 1933 re vised. Se e p. 20 of the Octot>er 1934 issue.
* New series. See p. 19 of the December 1933 issue for the comp lete pape r-board series. Nev7 series cotnpiled bjr the Cont ainer Cod ? Author it y, Chicag 9, 111., froin reports
Digitized from
for FRASER
all members of the industry of record beginning in Jaiauary 193^t. The v()lume of c ompanies not repor ;ing each month is e stimated by the C 3de Auth<3rity, so a s to keep
the series comparable. The solid fiber figures are compl ete as rep orted. Prior to Ja auary 1934 data co1Bering thi s industry7 were coinpiled bsT the Paper Board iIndustrie*
http://fraser.stlouisfed.org/
Association.
Federal Reserve Bank of St. Louis
52
SURVEY OF CURRENT BUSINESS
1934
Monthly statistics through December 1931,
February 1935
1934
1933
ences to the sources of the data, may be found Decem- Decem- January Februber
ary
in the 1932 Annual Supplement to the Survey
ber
March
April
May
! June
July
Se
P£m- October |N«jy»-
August
RUBBER AND RUBBER PRODUCTS—Continued
|
j
MISCELLANEOUS PRODUCTS
Rubber bands, shipments
thous of Ib
Rubber clothing, calendered:
Orders, net number of coats and sundries
Production number of coats and sundries. .
Rubber-proofed fabrics, production, total
thous of yd
Auto fabrics...
...thous. of yd_.
Raincoat fabrics
._ thous. of yd__
Rubber flooring, shipments ... thous. of sq. ft_.
Rubber and canvas footwear:*
Production, total. __
thous. of pairs
Tennis
thous of pairs
Waterproof- _ _
_ thous. of pairs
Shipments, total
thous. of pairs.
Tennis
thous. of pairs..
Waterproof
thous. of pairsShipments, domestic, total.-.thous. of pairs.
Tennis
thous. of pairs
Waterproof
thous. of pairs.. |
Stocks, total, end of month thous of pairs !
Tennis . .
thous. of pairs i
Waterproofthous. of pairs..
Rubber heels:
Production
thous. of pairs
Shipments, total*
thous of pairs
Export
thous. of pairs..
Repair trade
thous. of pairs..
Shoe manufactures
thous. of pairs
Stocks, end of month
. _ thous. of pairs
Rubber soles:
Production
thous. of pairs
Shipments, total*
thous. of pairs
Export
_ _
thous. of pairs
Repair trade
thous. of pairs
Shoe manufactures
thous. of pairs
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipments:
|
Total.
thous. of dol._
Belting
thous. of doL.
Hose
thous. of dol—
Other
thous. of dol..
186
303
220
262
13,818
27,074
13,811
21,777
15, 246
20, 062
19, 963
!
2,488
257
939
«310
3,194
301
1,429
o 424
3,575
306
628
211 :
5,430
3,580
6,467
4,585
6,845
1,682
411
6,069 ! 6,247
2,436
3,584
3,633
2,663
4,525
7,231
892
4, 133
4, 506
887
3, 619
16, 358
7, 207
4,129
3, 078
15, 583
3,633
8,265 '
8,093
13, 428
14, 075
359
3, 435
10, 281
37, 751
3, 400
3, 592
3
530
3, 059
4, 329
1,850
3,098
13,625
14,826
12, 738
322
13, 463
432
9, 201
10, 198
4, 291
570 !
4, 742
568
5,279 i
413 i
339
5,161
1,011 i
4,150 !
3,918
877
3,041
3,156
478
1,320
449
3,332
4,843 i
4,919
4,478
3,587
2,451
2, 392 !
1,819
3, 100
575 i
1,670 i
437 |
2.749 i
l',868
3,908
838
5, 594
5
388
5, 201
5, 090
5,804
3,479
3,491 :
757
1,147
1,587 |
i
1
617 :
5,186
5,010 !
881
843
17,774
20,080
6,932
7,378 1 7,259
9,084 i 10,396 | 12,821
5, 726
5, 770
3
532
5, 235
4, 838
5,018
4,739 i
5,040
4,881
4,459
4,989
4,387
5,360
4, 437
830 !
1, 500
2, 108
4,297 ;
4,589
863
1,498 '
1,937 .
959
1,790
1,840
328
137
4,673 : 6,928
11,991 j 13,055
39,961 | 39,763
5 !
275
843
2,744
4,611
1,174
3,436
4,594
1,170
3, 425
19, 935
6.515
6,529 !
1,543 I
4,986 I
6,448 !
2,405
804 !
2,813 I
386 i
4,992
6,498
3,877 |
5,525 !1
3,827
4,727
5,587
6,436
4,735 1
5,486 i
4,152
4,653
911
1,467 i
857
4, 982
5, 579
18, 567
15, 858
1,201 <
790
758 1
13,419
5,983
5,821
12, 584
10, 037
19,412
20, 513
426
15, 903
15, 656
346
18,605
15,493
13,911
13,219
14,437 1
16,889 !
339
4, 936
377 !
16, 142
38, 446
10, 825
38, 997
10,218
219
4, 079
4,485
1,£52
44P
5,078 !
14, 099
3,946
1,165
575
528
4,125
15,513
6,675
8,838
13,922
15,746
32f
8,921
5,238 i
11,273 i
40,016 !
4,175
11,244
38,040
3,239
3,297 :
3,541
3,617
42, 140 | 42, 652
10 !
241 i
4, 799 !
4,955 |
3, 082
3, 277
2
318
2, 956
4, 933
3,601 i
3,602 ;
2,952
3,107
3,218 1
4,894
2,650
4,718
2,699 j
4,656 j
3,030
4,528
4, 424
990
1,583
1,852
3, 834
1, 001 \
1,362
1, 472
3,923 !
3,187
3,715
!
996
1,376
1,343
3.094
846
1, 138
1,203
4,772
5,050 !
1
493
1,827 !
22,756
25,868
4,727 !
15,248 1
6,085 i
9,163
6,846
17,802 j 19,603
16,991 20,120
19, 903
19, 294 ,
347 1
6, 605
12, 199 :
39, 592
526
1,269
372
1,566
2,912
3,613
1,980
1,633
3,561
1,933
1,629
20, 945
2,927
2,084
875 i
5,711 !1
23,016
594
1,778
540
3,877 !
1,418
16, 016
5,499
699
1,297
1,483
330 i
38,625
38,484 i
1,335
16, 394
8,165
42,587
627
1,015
1,206 i
i
231
47, 497
31, 274
2,874
2,036
4,496
2,848
237
24, 186
22, 651
2,673
1,798 ;
37,528
4, 527
3
281
4, 244
4, 281
220
15, 127
6,796
5,378
8,229
2,833
4,186
2,281
238
24, 336
27, 149
5, 419
1,426
16, 293
20, 544
175 ;
9,273 !
11,096 i
38, 986 |
3,215
434
1,527
« 489
342
3,241
1,345
4, 555
3,220
7,742
7,841
11,364
293
15,615 < 20,930
13,795 ; 21,610
!
1
i
|
i
2
382 i
884 |
1, 399 \
1,540 |
2
455
13
584
3
585
70T
1,078
1,310
STONE, CLAY, AND GLASS PRODUCTS
BRICK §
Common brick, wholesale price, red, N. Y.
dol. per thous..
Face brick (average per plant):
Orders, unfilled, end of mo.-thous. of brick. _
Production (machine)*
thous. of brick..
Shipments
thous. of brick..
Stocks, end of month!
thous. of brick..
Sand-lime brick:
Orders, unfilled, end of mo-.thous. of brick..
Production
thous. of brick. J
Shipments by rail
thous. of brick..
Shipments by truck
thous. of brick..
Stocks, end of month
thous. of brick..
PORTLAND CEMENT
Price, wholesale, composite
dol. per bbL.
Production
—thous. of bbl—
Percent of capacity
Shipments
thous. of bbL.
Stocks, finished, end of month thous. of bbl..
Stocks, clinker, end of month... thous. of bbl..
10. 50
1.650
4,447
19.5
3,104
21,421
6,189
9.00 |
9.25 I
340 j
109
111 |
2, 717 !
1
75
601
0
800
2,010
355 j
53 !
133 |
2,663 i
1.603
3,526
15.5
3,738
19, 541
5,717
10. 50
10. 50
10.50
10.50 i
10. 50
10.50 I
10.50
10.50
1C. 50
644
33
77
2,532
57
136
2,483
657
104
149
2,464
621
137
197
2,450
545
158
180
2,380
503
179
181
2,300
405 j
131 I
208 I
2,333 |
369
158
172
2,292
351
203
217
2,217
322
218
143
2,303
900
359
54
366
2,042
355
563
126 i
721 !
1,755 i
705
437
29
1,006
1,518
605
1,340
60
1,346
1,324
425
1,228
44
965
1,434
155
1,219
45
848
1,351
148
1,137
45
1,045
1,959
140
1,164
42
1,121
2,091
175
920
83
889
1,877
850
1,651
552
1,105
2.715
1.650 i 1.575
5,257 : 6,544
23.0
29.6
4,618 i 6,492
21,422 I 21, 557
6,318 i 6,565
1.570
8,554
37.5
8,784
21, 301
6,304
1.650
8,813
39.8
8,541
21, 600
6,424
1.650
8,144
35.7
7,898
21,852
6,588
1.650
7,842
34.5
8,249
21,424
6,332
1.650
7,680
34.8
7,388
21, 734
5,975
1.650
6,675
29.3
8,439
19,972
6,055
1.650
5,779
26.2
« 5, 674
* 20,078
« 6, 213
!
100 !
967 i
16
791
2,213
1. 650
3,779
16.6
3,778
19,547
5,919
1.650
4,168
20.2
2,952
20,762
5,936
GLASSWARE, ETC.
Glass containers: #
3,134
2,864
3,252
1,997
2,770
2,600
2,920
3, 032
3,168
3,160 i 3,117
2,860
Production
thous. of gross.. 2,922
52.6
52.0
49.2
53.2
54.1
53.0
62.6
49. 2
55.1
55.2 ! 56.6
Percent of capacity
46.6
56.8
2,542
3,132
2,662
3,172
3,272
2,437
1,873
3,137
2,914
3,136 I 2, 974
3,080
Shipments
thous. of gro:
2,585
7,442
7.872
7,152
7,622
7,719
7,483 ! 7,567
7,215
Stocks, end of month
thous. of gross..
7,078
7,480
7,558
7,545
5,238
Illuminating glassware:*
Orders:
1,522
2,184
1,990
1,681
1,411
1,150
1, 480
1,781
1,553 ! 1,453
1,423
New and contract
number of turns..
1,145 ! 1,491
2,456
2,305
2,540
2,259
1, 794 i 1,858
1,805
1,865
1,918
1,951 ! 2,205
2,216
2,235
Unfilled, end of month...number of turns._
2,022
1,844
1,256
1,763
1,188
Production..
number of turns. . 1,877
1,030 j
1,460
1,495 I 1,512
1,276 | 1,062
1,453
Shipments:
I
1,999
1,413
1,390
1,880 !
Total
.number of turns.. 1,851
1,171 ! 1,439
1,936
1,255 ! 1,427
1,446 I
1,105
1,427
72.1
77.9
55.1
73.3
41. 2 !
56.1
75.4
48.9 !
55.6
56.3 i
43.1
49.9
55.6
Percent of full operation
4,
525
4,432
4,475
4,286
!
4,581
4,431
4,649
4,457
4,367
4,615 ! 4,735 j 4,641 j 4,610
Stocks, end of month
number of turns..
Plate glass, polished, production f
6, 738 I 7, 512 !
6,587
6, 347 i 7, 607 I 7, 441 | 9, 927 , 8, 629 i 7, 764 i 6, 520
7, 242 i 7, 450
thous. ofsq. ft—
• Revised.
* New series. Earlier data not published on rubber heels and soles prior to December 1932, and on Illuminating glassware prior to July 1932 (except production an£
percent of capacity); for earlier data see p. 20 of the June 1933 issue, face brick, machine production.
§ Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period.
I Adjusted for degrading and year-end physical inventories.
t Revised data for 1933 represent total production for the United States.
# Series on glass containers are not comparable for 1934 and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the year of
1933 amounted to 33,056,706 compared with 23,511,963 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies, now reporting by years,
from 1928 to date were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are not available for
this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly figures prior to 1934
had a downward bias. Basis of estimating capacity was changed in computing the new series.
• In October 1933 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 percent.
For preceding periods the coverage varied but was about 80 percent. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933 data for
http://fraser.stlouisfed.org/
the smaller number of firms.
Federal Reserve Bank of St. Louis
53
SURVEY OF CURRENT BUSINESS
February 1935
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January
ber
ber
in the 1932 Annual Supplement to the Survey
1934
Febru-
ary
March
April
May
June
July
August SeptemOctober November
ber
STONE, CLAY, AND GLASS PRODUCTS—Continued
GYPSUM *
Crude (quarterly):
Imports
short tons
Production
short tons
Shipments (uncalcined)
short tons
Calcined (quarterly):
Production
short tons
Calcined products (quarterly):
Shipments:
Board plaster (and lath) thous of sq ft
Board wall
thous of so ft
Cement Keencs
short tons
Plasters, neat, wood fiber, sanded, gaging,
finish, etc
short tons
For pottery, terra cotta, plate glass, mixing
plants etc
short tons
Tile partition
thous of sq ft
88,820
241 100
89, 511
0
266, 761
85, 747
90, 453
432, 020
173, 218
88, 408
450, 754
145, 404
182, 194
206, 476
319, 983
257, 048
21, 796
41 314
2 752
19, 339
43 058
2,514
31,591
76, 218
4,258
32, 601
44, 612
3,501
139, 623
149, 420
226, 405
188, 314
17, 220
1 333
24, 063
2,222
29, 437
2,426
24, 681
1,721
TERRA COTTA
Orders, new:
Quantity
Value
_
_
short tons..
thous. of dol_.
1,090
82
764
52
1,159
112
506
39
902
82
880
69
996
95
1,630
122
964
83
1,382
84
515
50
761
65
539
41
9,992
9,487
18, 139
8,257
8,335
18, 164
6,443
6,254
18, 353
7,731
8,766
17, 319
6,783
8,005
16, 097
9,322
9,611
15, 808
9,240
9,107
15, 940
TEXTILE PRODUCTS
CLOTHING
Hosiery:*
Production
thous. of dozen pairs
Shipments
thous of dozen pairs
Stocks, end of month thous of dozen pairs
Men's and boys' garments cut:
Ovftro.nats
thoiT* Qf gRrmpnta
Separate trousers
thous of garments
Suits
thous of garments
6,148
6,009
15, 612
7,208
6,760
16, 164
8,988
8,165
17, 091
10, 240
10, 381
17, 053
9,701
9,326
17, 531
135
929
1,061
COTTON
296
520
421
477
414
363
360
513
519
545
348
477
508
Consumption f
thous. of bales. .
Exports:
Quantity, exclusive of linters
454
616
572
504
306
387
285
459
253
550
739
628
820
thous. of bales. _
Value. (See Foreign Trade.)
Qinnings (total crop to end of month)
4,958
7,920
9,030
9,174
1,398
100
12, 557
12, 664
12, 356
thous. of bales
12
8
8
11
11
10
12
10
9
15
14
19
13
Imports#
thous. of bales
Prices:
.131
.125
.123
.124
.123
.131
.116
.116
.110
.096
.103
.117
.117
To producer...
.,.
dol. per lb._
.131
.125
.126
.127
.134
.129
.114
.119
.123
.123
.102
.113
.123
Wholesale, middling, N.Y
dol. per lb._
Production, crop estimate
thous. of bales.- /9,731 / 13,047
1
1,676
2,283
1,498
432
977
527
522
339
515
715
598
Receipts into sight }
thous. of bales..
1,283
427
Stocks, end of month :f
Domestic, total mills and warehouses
8,673
10, 521
11,089
6,794
6,905
7,982
7,311
9,499
8,679
thous. of bales.. 10, 940
11, 102
10, 293
11,977
1,057
1,140
1,294
1,300
1,081
1,228
1,422
1,326
1,585
1,651
1,642
1,606
Mills .
_
thous. of bales1,657
7,
616
9,381
9,795
9,641
5,824
5,566
7,094
6,560
5,985
9,496
7,848
Warehouses
.thous. of bales..
10, 335
8,637
7,210
7, 963
7,955
7,819
7,362
6,639
6,950
7,959
8,868
8,566
9,837
9,284
World visible supply, total
thous. of bales..
10, 060
5,225
6,037
6,086
5,962
4,532
5,541
5,040
4,737
8,255
6,516
6,093
American cotton
. thous. of bales. _
7,693
7,025
'
COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
.312
.304
.316
.309
.315
.308
.301
.298
.320
.316
.322
.327
22/ls, cones (Boston)
dol. perlb-.
.301
.464
.459
(2)
(2)
.458
.451
.480
.471
.467
(2)
40/ls, southern, spinning
dol. per lb_.479
.458
^'
Cotton goods:
Abrasive cloth. (See Paper Products.)
Cotton cloth:
16, 423
16, 857
17, 330
14, 456
22, 792
15, 647
22, 556
21, 223
23, 791
16, 790
20, 071
ExportsS
thous. of sq. yd— 16, 444
17,919
2,592
2,512
3,517
2,108
1,944
3,817
1,701
4,353
6,135
5,426
4,004
3,985
4,616
Imports*
.thous. of sq. yd—
Prices, wholesale:
.074
.070
.066
.067
.071
.068
.064
.063
.070
.067
.072
.069
Print cloth, 64 x 60
dol. per yd-.
.066
Sheeting, brown, 4 x 4 (Trion mill)
.082
.081
.078
.077
.077
.079
.082
.080
.077
.076
.077
.073
.081
dol. per yd-.
Cotton cloth finishing:*
Production:
Bleached, plain.
thous. of yd-_ 128, 571 108, 328 122, 869 132, 678 163, 772 150, 138 137, 053 106, 741 101, 015 113, 209 111, 581 134, 386 « 126, 726
89, 420 « a87, 679
73, 407
66, 472
73, 651
73, 954
97, 838
Dyed, colors
thous. of yd._ 87, 580
76, 678
60, 294
89, 192 117, 562 104, 689
6, 693
6,162
7,985
5,738
6,122
5,686
5,834
4,885
6,416
5,916
4,761
5,258
Dyed, black
_
thous. of yd—
4,616
114, 139
90, 772 126, 384
76, 833
84, 499
83, 414
99, 901 104, 920 131, 426 122, 951 114,803
Printed
thous. of yd— 107, 006
86, 517
Stocks :•
298, 233
Bleached and dyed
thous. of yd— 284, 473 341, 351 332, 985 325, 313 327, 040 308, 895 310, 471 314,413 310, 039 269, 461 266, 886 277, 030
111, 758
99, 614 106, 388 107, 128 118, 034 109, 756 101, 057 101, 083 108, 830
Printed
..thous. of yd-. 107, 585 137, 661 106, 280 104, 949
Spindle activity:!
25, 051
22,113
25,
095
24,
621
24,418
24,
154
25, 057
25,
896
26,
525
Active spindles
.,
thousands
25,
647
26,
485
24,828
26, 380
6,703
7,185
5,152
3,716
5,241
5,753
7,268
6,027
7,706
6,973
6,692
7,259
Active spindle hours, total, .mills, of hours..
5,080
217
233
186
167
]20
234
169
195
249
225
234
216
Average per spindle in place
hours ~
164
97.1
94.0
74.3
54.3
98.0
72.6
76.8
102.7
87.1
105.6
Operations
.percent of caoacitv..
98.5
73.3
101.5
• Revised. / Final estimate.
• New series. For earlier data on gypsum, see p. 20 of the January 1933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated to
represent 95 percent of the industry. The revised data on hosiery presented in the October 1934 issue are based on a check of the data previously reported, made by the
Code Authority. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry; comparable figures
are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are as reported at end of each 4-week period.
^ For revisions for crop years 1931-32, 1932-33, and 1933-34, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, and p. 53 of the October 1934 issue,
respectively.
t For revisions of cotton consumption domestic stocks and spindle activity for the year ended July 1932, see p. 20 of the February 1933 issue, and for cotton consumption domestic stocks and spindle activity for the year ended July 1933, see pp. 52 and 53 of the November 1933 issue. For revision of cotton stocks and spindle activity for
year ended July 1934 see p. 52 of the October 1934 issue.
\ Data revised? for 1932; for revisions, see p. 53 of the June 1933 issue. Data revised for 1933; see p. 20 of the September 1934 issue.
9 See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
• Stooki at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data for succeeding 4vreek periods.
»No quotation.
54
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of data, may be found in Decem- Decem- January
ber
the 1932 Annual Supplement to the Survey
ber
February 1935
1934
February
March
April
May
June
July
August
Septem- October November
ber
TEXTILE PRODUCTS—Continued
RAYON AND SILK
Rayon:
6
Imports §#
- .-thous. oflb _
32
42
64
338
14
30
Price, wholesale, 150 denier, "A" grade
0.65
0.65
(N. Y.)
dol. perlb..
0.57
0.65
0.65
0.55
0.55
Stocks, imported, end of month_thous. of lb__
264
488
506
477
467
449
440
Silk:
Deliveries (consumption)
bales _ 40 941 26, 959 40 942 39, 021 44, 080 37, 392 38, 740
Imports, raw §#
thous. of lb._
3,895
4,833
4,279
5,796
2,566
4,798
5,176
Prices wholesale:
Raw, Japanese, 13-15, N. Y_._dol. per lb._
1.453
1.416
1.550
1.405
1.358
1.318
1.284
1.04
Silk goods, composite..
dol. per yd._
1.04
1.04
1.04
0.96
1.01
0.96
Stocks, end of month:
314, 921 317, 000 307,000 287,000 278, 000 268,000
World visible supply
bales. .
United States:
24, 762 23, 139
22, 415 22, 640
21, 902
21, 440
21, 676
At warehouses
bales.. 65, 934 96, 786 83, 820 74, 607 62,828 61, 083 61, 060
Silk manufacturing:
Operations, machine activity:
Spinning spindles:*
39.2
All . _
percent of capacity. .
66.0
46.5
62.5
59.7
48.6
31.5
5-B
percent of capacity _.
40.2
34.9
45.2
52.0
53. 2
45.9
39.5
Weaving:
46.2
Broad looms t
percent of capacity..
52.8
64.3
62.3
54.9
37.9
29.1
Narrow loomsf
percent of capacity _.
32.0
37.0
36.6
35.8
30.0
Silk piece goods:*
Commission mills:
New orders
- -- yards per loom _
425 7
247 3
277.0
468 0
Production
yards per loom.. 520 0
434.2
780 9
614.8
Shipments
- yards per loom.. 534 7
572 0
411 7
766 3
Stock-carrying mills:
Production
yards per loom _. 320.9
364.0
327.0
416.0
344.9
269.7
446.6
333.0
458.5
Shipments
yards per loom _ . 399.4
412.4
390.2
445.8
357.7
Stocks, end of month. -.yards per loom.. 787.5
811.8
898.7
831.0
890.3
901.1
937.7
Still to come off looms. .yards per loom._
463.5
521.0
480.9
384.1
378.5
454.7
430.3
WOOL
Consumption, grease equivalent— thous. oflb-- 57, 065 33,570 35, 968 34, 348 36, 119 29, 889 28, 213
Imports, unmanufactured §#
thous. of lb._
5,074 16, 168
9,637 12, 622 16, 975 13, 567
7,458
Operations, machinery activity: •
Combs, worsted
.percent of capacity..
102
74
76
65
61
46
47
Looms:
Carpet and rug.
percent of capacity-35
35
40
39
42
30
43
Narrow
percent of capacity..
34
28
27
39
41
40
38
Wide
percent of capacity. .
68
55
57
67
69
56
66
Spinning spindles:
54
70
Woolen
.percent of capacity-77
70
68
76
75
52
Worsted
percent of capacity. .
46
70
48
44
39
40
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb—
0.88
0.88
0.76
0.88
0.85
0.84
0.87
0.42
0.42
Raw, Ohio and Penn., fleeces.— dol. per Ib
0.27
0.42
0.33
0.37
0.40
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd—
1.800
1.800
1.634
1.510
1.650
1.800
1.763
Women's dress goods, French serge, 54" (at
.990
1.125
1.125
1.119
factory)
---dol. per yd..
1.125
1.103
1.125
Worsted yarn, 2/32s, crossbred stock Boston
dol. per lb—
1.35
1.35
1.31
1.10
1.35
1.35
1.35
8,560
Receiptsc at Boston, total*
thous. of lb._
4,405 13, 877
5,758
7,067
5,920
2 872 12 025
4 826
5,583
3 761
Dome tie
thous. of lb__
4 739
3 209
932
Foreign*
thous. oflb..
2 711
1,851
4,799
2,328
1,533
Stocks, clean'e'quivalent, end of quarter-. 1
Total
,
thous. oflb— 164, 115
Domestic
- - thous. oflb .. 143, 127
Foreign ""
thous. oflb— 20, 988
Combing"
thous. oflb— 107, 907
Clothing
thous. oflb— 56, 208
MISCELLANEOUS PRODUCTS
Burlaps and fibers, imports:§#
Burlaps
thous. of lb_. 27, 493 31, 061 35,768 26, 346 35, 113 30, 573 34,400
Fibers
-long tons.. 10, 530 22, 195 28,406 18, 839 23,059 17, 861 17, 172
Buttons and shells:
Buttons:
54
72
Imports total§#
thous. of gross
28
121
45
157
78
From the Philippines ....thous. of gross..
21
39
35
61
77
47
47
Fresh-water pearl:
Production
percent of capacity
41 8
62 7
44 8
46 5
61 7
57 9
7 187
7 327
Stocks end of month
thous. of gross. _
7 303
7,315
7 328
7 342
1,266
1,057
345
414
1 862
Shells imports total §#
thous. oflb ._
274
1 608
130
313
393
254
Mother-of-pearl
thous. of lb—
559
168
657
523
1,223
1,148
638
Tagua nuts, imports§#
thous. of lb_.
1,457
1,291
867
858
1,204
956
Elastic webbing, shipments
thous. of dol—
709
883
989
1,842
2,241
Fur, sales by dealers
...thous. of dol— ~~T 299"
1,154
3,565
3,310
3,228
Pyroxylin-coated textiles (artificial leather):
2,787
3,139
2,599
3,383
3,346
Orders, unfilled, end of mo.thous. linear yd4,210
3,811
3,337
2,351
4,681
3,350
3,283
Pyroxylin spread
-- thous. of Ib—
5,199
5,278
4,023
2,876
3,812
3,327
2,148
4,854
Shipments, billed
thous. of linear yd- 3,197
4
24
27
H
29
25
0.55
372
0.55
280
0.65
275
0.55
276
0.55
272
0.55
265
33 069
5,037
32 021
4,719
36 247
4,731
32 599
6,846
49 106
5,387
37 548
7,219
1.199
0.93
1.139
0.92
1.133
0.93
1.125
0.93
1.185
0.93
1.292
0.95
259,000
272,000
285 000
285 300
277 800
275 000
20, 430
69,048
19, 479
66, 268
18 500
58 694
20 010
76, 645
20 844
66 479
20 354
76 502
40.0
38.9
41.5
37.2
40.3
37.1
28.0
37 8
43 2
47 4
°44 4
045 5
45.8
24.5
42.7
24.2
41.7
25.0
48.1
278.4
458.5
426 1
290 2
409.9
414 8
428 7
462.2
456 4
242 3
232.2
248 2
449 0
550 8
536 5
342 o
512 3
481 6
290.9
271.1
977.3
372.8
273.2
300.8
1, 004. 5
327.4
286.8
429.5
952.2
320.0
175.1
333.3
818.6
324.5
320 0
352 6
830.9
387.2
325 6
367 6
853.8
393.5
26, 213 <">27, 254 * &28,495 °fc23, 467 & 34, 065
7,632
8,003
7,046
7,567
8,850
6 44, 858
4,964
40
37
38
29
49
82
46
30
54
33
26
53
35
24
51
30
18
28
34
34
45
23
29
48
71
29
71
31
72
26
45
21
63
35
66
48
0.84
0.31
0.84
0.31
0.76
0.31
0.76
0.30
0.76
0.28
0.76
0.28
1.634
1.634
1.634
1.634
1.460
1.485
1.139
1.139
1.287
1.139
1.139
1.101
1.28
35, 345
33 512
1,833
1.26
59, 972
58 962
1,010
1.21
23, 673
22 987
687
1.18
14, 829
13, 942
887
1.17
12, 744
12 033
711
1.11
11, 053
10 687
366
186, 229
162, 233
23, 996
132, 783
53, 446
168, 716
140, 754
27, 962
110, 251
58, 465
27,093
21, 399
42, 471
15, 010
31, 631
15, 625
27, 124
10, 978
22, 517
9,044
31, 472
10, 881
45
42
77
62
79
70
75
70
72
58
65
47
40 0
7 118
310
226
458
705
1,644
23 7
6,791
335
199
650
646
2,038
34 6
6,634
1,644
526
524
840
2,669
37.0
6,432
222
165
667
817
2,220
43 1
6,296
289
219
853
929
1,797
48.4
6,396
442
423
365
823
a
1, 887
3,224
2,706
2,645
3,323
2,972
2,649
3,065
3,654
3,059
3,050
3,294
3,031
2,930
3,325
3,125
2,988
3,257
2,833
« Revised.
* Since July 1934 report has been on a weekly basis. July figure here is for 4 weeks; August, 4 weeks, September, 5 weeks, October, 4 weeks, November, 4 weeks, and
December, 5 weeks. Figures for July and succeeding months are computed from Census Bureau figures so as to represent 100 percent of the wool industry.
§ Data revised for 1932. For revisions see pp. 63 and 54 of the June 1933 issue. Data also revised for 1933; see p. 20 of the October 1934 issue.
* See footnote on p. 35 of this issue.
f Compiled by the Silk Code Authority (The National Federation of Textiles, Inc.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40 hours
each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and which were computed on the basis of a 48-hour
week. The code authority expects to adjust the old series to a comparable basis, when opportunity affords.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 20 of August 1934 issue.
* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed norm (currently based on the single-shift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry.
* Foreign receipts for year 1934 are compiled by U. S. Department of Agriculture and are not comparable with data carried through December 1933. This results in a
total figure which also is not comparable with earlier data.
5 Compiled by Bureau of the Census and represent stocks of raw wool held by all dealers, topmakers and manufacturers who usually hold significant stocks of wool.
Census report gives additional details on raw wool, as well as stocks of tops, noils, and carpet wool which are not included in the totals here given. Figures by types and
origin are different break-downs of same total.
February 1935
SURVEY OF CURRENT BUSINESS
1933
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found Decem- Decem- January Februber
ary
in the 1932 Annual Supplement to the Survey
ber
55
1934
March
April
May
June
July
August SeptemOctober November
ber
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total.._
number..!
Commercial (licensed).
number..
Military (deliveries).
number..
For export
number..
Exports:
AUTOMOBILES?
Canada:
641
1,625
Automobiles, assembled. number367
1,042
Passenger cars
number-United States:
Value. (See Foreign Trade.)
27,265
Automobiles, assembled, total§_.number- 15,420
9,526
8,279
3,066
16,609
Passenger cars§.
number—
7,141
10, 756
Trucks§
number.6,460
Financing:
,591 99,114 95,485 87,700 67,209 68,224
55,312
33,124 34,437 45,378 69,203 87,998
Ketail purchasers, total-thous. of dol—|
,772 67, 991 68,842 65,093 68, 029 43, 250 42, 738
33,798
17, 794 19,190 29, 290 46, 428
New cars
thous. of dol
20, 393
14,532 14,420 15,198 21, 368 26,694 29, 763 28,401 28,601 28,028 22,708 24,127
Used cars
—thous. of dol
1,360
1,121
1,643
890
1,532
1,837
1,791
Unclassified
thous. of dol—
1,871
1,252
827
1.407
Wholesale (manufacturers to dealers)
thous. of dol—
16, 573
Fire-extinguishing equipment:!
Shipments:
40
Motor-vehicle apparatus
.number._
27
Hand-types
___number.. 21,536 25,356
Production:
Automobiles:
2,732
1,697
9,904
3,262
6,904
14,180 18, 363 20,161 13,905 11,114
Canada, total.
.number—
8,571
1,052
Passenger cars
number.. 2,334
12, 272 15,451 16, 504 10,810
7,101
8,407
7,325
4,946
2,171
« 78, 465
United States, totalf
number-- 183,187 80, 565 156,907 231. 707 331,263 354, 745 331,652 308,065 266, 576 234,810
* 45,550
Passenger carsf-number-. 127,944 49,490 113,331 187, 639 274, 722 289,030 273,765 261,852 223,868 183,500
115
1
0
321
27
0
0
Taxicabs
number..
1,299
16
0
Trucksf
_
number- 55,128 29, 776 43,255 44,041 56,525 65,714 57,887 46,213 42,708 51,310
1,199
1,262
1.652
1,155
752
Automobile rims
thous. of rims..
789
1,
1,140
1,016
627
Registrations:
New passenger carsf
number-- v 74, 050 58, 624
New commercial cars*__
number...
15,580
Sales:
General Motors Corporation:
To consumers
number-- 41, 530 11,951 23,438 58, 911 98,174 106,349 95,253 112,847 101.243 86,258
To dealers, total
number— 41,594 21,295 62, 506 100,848 153,250 I 153,954 132,837 ! 146,881 134,324 109,278
U. S. dealers
number-- 28,344 11,191 46,190 82,222 119,858 ! 121,964 103,844 ! 118,789 107, 554 87,429
Shipments, accessories and parts, total*
Jan. 1925=100- .
Accessories, original equipment
Jan. 1925=100- .
Accessories to wholesalers—Jan. 1925=100— .
Replacement parts
Jan. 1925=100— .
Service equipment
Jan. 1925=100— .
RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
mills, of lb_. 183,348 192,826 192,167
185,497
190,079 189,700 189,426 188,491
1,932
1,
Number, total
-thousands-1,907
2,027
1,994
2,019
1,985
1,971
Bad order, total
number-- 290,709 289,985 286,928
297,546
295,191 301,368 298,846 299,780
15.6
Percent of total in bad order
15.5
14.5
14.4
15.0
15.4
16.5
15.3
Locomotives, railway:
Owned:
Tractive power.
mills, of lb—
2,251
2,370
2,278
2,363
2,341
2,361
2,345
2,334
2,310
Number
number-- 46, 867 50,323 60,103 50,034
47, 553
49,673 49,395 49, 211 48,687
Awaiting classified repairs__number— 10,344 10,895 10,965 11,119
10, 676
11,095 11,080 10,803 10,789
22.1
Percent of total
22.2
22.5
21.9
22.6
22.8
22.3
22.3
22.8
81
62
Installed
number-35
75
38
46
40
70
37
543
Retired
_
...number—
291
294
144
258
311
218
224
568
Passenger cars:
On railroads (end of quarter)
number...
46,407
Equipment manufacturing:
Freight cars:
360
Orders, new, placed by railroads
cars75
12
19, 727
0
113
4
628
Orders, unfilled, total __
cars—
3,080
224
8,372
6,019
13,755
5,495
53
Equipment manufacturers
cars—
1,795
0
0
9,607
6,525
3,422
575
Railroad shops
cars1,285
224
6,019
4,148
2,847
2,073
999
Shipments, total
_
cars-1,788
24
67
3,129
4,186
3,331
995
Domestic
cars—
1,768
24
4,184
3,059
3,329
Locomotives, industrial electric (quarterly):
63
Shipments, total
number-63
Mining use
number-Locomotives, railway:
0
Orders, new, placed by railroads.-number..
Orders, unfilled, end of month:
Equipment manufacturers (Census')
127
total
number-121
Domestic, total
number-101
Electric
number-20
Steam
number-0
Railroad shops (A. R. A.)
number-Shipments:
21
Domestic, total
number—
3
Electric
number-Steam
.number18
4
Exports, totalf
.number..
3
Electric_
number1
Steam
number..
Passenger cars:
0
Orders, new, placed by railroads, number—
Orders,unfilled(end of quarter) .number...
Shipments, total
numberDomestic
number..
a
Revised.
*> Preliminary.
* New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars,
t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 1032 exports
locomotives. Data on automobiles revised for 1933. See p. 55 of the August 1934 issue,
t Index of sales of new passenger cars is shown on p. 26 of this issue.
§ Data revised for 1932. See p. 54 of the June 1933 issue. Data revised for 1933. See p. 20 of the September 1934 issue.
SURVEY OF CURRENT BUSINESS
56
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found December
in the 1932 Annual Supplement to the Survey
February 1935
1934
1933
; January February
March
April
May
June
July | August
e
November
ber m October
TRANSPORTATION EQUIPMENT—Continued
ELECTRIC TRUCKS AND TRACTORS
Shipments, industrial, total
..numberDomestic
number..
Exports. .
„ _ _ _ - - ..number
SHIPBUILDING
United States:
Merchant vessels:
Under construction— .thous. of gross tons..
Completed during month-total gross tons..
Steel
_
.total gross tons
World (quarterly):
Launched:
Number
ships
Tonnage
. thous. of gross tons
Under construction:
Number
ships
Tonnage
thous. of gross tons..
50
45
5
67
64
3
46
39
7
52
49
3
70
64
6
72
71
1
63
60
3
65
64
1
29
27
2
38
37
1
39
36
3
45
43
2
24
23
1
50
2,430
447
25
8,363
7,743
44
4,159
1,814
43
2,976
1,437
42
5,314
2,085
48
12, 904
8,101
46
11, 958
9,843
38
7,535
3,256
35
10, 970
7,877
33
5,156
2,907
32
49, 975
1,601
33
2,441
1,555
49
2,370
858
71
175
55
86
99
145
206
757
269
1,079
288
1,216
129
°307
296
1,311 _
:::::::::
CANADIAN STATISTICS
Business indexes:*
Physical volume of business
1926=100—
Industrial production, total
1926=100Construction!
_
1926=100—
Electric power
1926=100..
Manufacturing
1926 = 100
Forestry
1926=100Miningf
1926=100
Distribution
1926 = 100
Carloadings
1926=100..
Exports (volume)
1926=100 .
Imports (volume)
1926=100..
Trade employment
1926=100..
Agricultural marketing
1926=100
Grain marketings
1926=100Livestock marketings — . .1926=100
Commodity prices:
Cost of living index c?
1926=100 .
Wholesale price index#
1926=100
Employment, total (first of month) .1926 =100..
Construction and maintenance
1926=100..
Manufacturing
. 1926=100
Mining
1926=100 _
Service
.1926=100Trade
1926=100
Transportation
1 926= 100. .
Finance:
Banking:
Bank debits
mills, of dol—
Interest rates
..
_ 1926=100
Commercial failures*
number
Security issues and prices:
New bond issues, total .
thous. of dol _
Corporation
thous. of dol
Dominion and provincial. -thous. of dol—
Municipal .,
thous. of dol—
Railways
—thous. of dol—
Bond yields
_
percent
Common stock prices, totalf
1926 = 100..
Banks
1926=100
Industrials
1926=100..
Utilities
1926=100..
Foreign trade:
Exports..
..thous. of dol—
Imports
thous. of dol—
Exports, volume:
Automobiles. (See Transportation Equip.)
Newsprint. (See Paper.)
Wheat
-.thous. of bu._
Wheat
flour.
. -thous. of bbl
Railway statistics:
Carloadings
thous of cars
Financial results:
Operating revenues
thous of dol
Operating expenses
thous. of dol
Operating income
thous of dol
Operating results:
Freight carried 1 mile
mills of tons
Passengers carried 1 mile mills of pass
Commodity statistics:
Production:
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
mills, of kw.-hr__
Pig iron
thous. of long tons
Steel ingots and castings
thous. of long tons.Livestock, inspected slaughter: .
Cattle and calves
-thous. of animals..
Swine
thous. of animals
Sheep and lambs
thous. of animals..
Newsprint. (See Paper.)
Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)
Wheat flour _
thous. of bbl..
92.4
91.0
31.2
188.8
91 8
110.3
121.8
96 1
65.7
61.6
72.6
123.8
36 0
29.0
67.3
86.2
85.1
36.4
156.5
88.6
88.4
118.2
89.3
60.4
53.5
67.8
115.9
30 7
24.7
57.5
86.8
84.5
47.4
162.9
80 7
96.4
120.6
93.2
73.6
75.4
62.8
113.8
48 2
41.6
77.6
86.4
84.0
34.1
168.9
83.2
96.7
117.0
93. 1
71.4
63.7
64.0
116.3
67. 1
61.1
94.0
93.1
92.0
36.2
176.0
88 8
100.3
149.0
96 3
74.3
73.0
64.7
119.2
63 8
58.7
86.4
92.6
91.4
28.9
176.7
87.7
94.2
160.2
96.0
76.0
69.6
69.3
117.2
56.9
49.3
90.6
99.6
99.9
35.1
188.5
100.2
103.6
146.3
98.5
75.6
79.6
82.8
117.8
130.6
140. 1
87.8
95.8
95.2
25.7
185.7
98 7
100.1
127.3
97.5
73.4
77.1
73.1
119.6
97.2
99.6
86.7
95.7
95.6
35.5
180.6
99.0
96.7
117.2
96.2
72.3
76.7
72.2
118.0
148.8
164.0
80.5
99.0
99.8
40.7
184.8
100 7
98.4
135.7
96.7
74.9
77.3
70.0
118.0
172.8
195.8
70.0
97.1
97.5
41.3
162.7
99.5
93.8
« 132. 9
96.2
67.0
82.8
73.5
119.8
127.7
139.0
76.7
79.0
71 2
99.2
102.6
91 3
122.9
115.2
126 0
80.1
77.9
69.0
91.8
94.6
84.4
105.5
108.8
119.1
79.8
78.2
70.6
88.6
88.1
80.0
106.8
109.8
122.3
76.3
78.7
72. 1
91.4
98.0
84.2
109.4
108.7
111.6
76.2
79.9
72.0
92.7
100.8
86.5
108.9
109.3
112.5
78.0
79.4
71.1
91.3
95.8
88.1
103.3
111.8
116.1
75.9
78.5
71.1
92.0
95.8
90.2
103.6
111.7
115.6
78.5
78.2
72.1
96.6
116.7
93.2
106.2
115.4
116.5
80.3
78.4
72.0
101.0
140.6
93.8
107.0
119.7
119.1
82.6
78.7
72.3
99.9
129.0
94.2
110.3
123.0
116.5
83.6
3,040
76 2
2,492
98.5
159
2,597
97.2
153
2,089
96.0
140
2,489
90.1
140
2,536
87.7
141
3,129
84.8
132
2,602
85.4
115
2,767
83.1
122
2,534
82.3
103
29
0
0
29
0
4.72
75.3
64.7
111.4
47.8
40, 946
0
40, 799
147
0
4.66
81.6
71.7
118.6
53.5
3,634
4.60
86.5
76.7
123.8
58.0
26, 059
380
22, 700
2,979
0
4.32
88.0
76.9
128.5
58.8
31, 964
16, 280
15,000
684
0
4.20
90.7
76.1
133.0
58.1
76, 822
6,452
57, 707
664
12, 000
4.06
88.6
75.2
128.0
56.7
9,514
2,200
0
7,314
0
4.09
87.2
72.7
126.1
54.5
51, 447
450
50, 000
997
0
3.98
81.3
73.6
116.6
50.6
61, 395
39, 108
51, 624
35, 368
47, 118
32, 391
38. 365
33, 592
58, 364
47, 519
32, 047
34, 815
58,543
52, 887
58,643
46, 186
17, 336
341
17, 458
418
7,088
448
6,513
328
10, 103
493
3,568
341
19, 024
482
18, 426
441
3 65~
86.2
79 0
125.6
47.5
o
3,000
634
o
"95.9
95.3
38.1
170.4 i
94.8
100.3
0
143. 5
97.2
68.7 !
85.3 !
78. 2 i
119.5
61.2 i
57.9
75.7
96.5
97.0
43.1
181.4
96.0
104.1
137.5
95.2
65.9
60.6
85.3
119.3
51.2
46.3
72.8
79.0
72.0
98.8
118.1
94.3
112.4
125.5
117.1
83.6
79.3
71.4
100.0
117.0
94.4
117.9
116.2
120.0
84.8
79.4
71.2
100.2
111.0
92.8
121.2
114.9
121.3
83.9
2,581
82.0
113
3,410 j
82.9 j
130
3,092
81.0
52, 737
0
52, 150
587
0
3.94
83.8
73.1
120.1
51.2
16, 945 271,065 !
3,210
450
9,634 270,000 i
4,101
615 i
0
0
3.93
3.97
83.8
85.2
74.9
76.1
118.8
122.0
50.1
49.0
5,248
685
0
4,563
0
3.88
86.0
78.3
125.3
46.5
56, 787
44, 145
55, 837
43, 507
58, 815
42, 208
68, 313
47,229
65, 677
49, 884
12, 979
408
14, 710
412
17, 588
369
21, 808
486
18, 770
504
211
,
i
•
:
158
176
164
189
177
194
193
188
205
212
243
22, 749
18, 340
3,916
21 Oil
19, 945
216
20 627
19,d601
60
24 657
20,630
2 976
23, 395
19,488
2,839
26, 069
21,240
3,814
24,436
20,763
2,636
25, 206
22, 066
2,114
25, 201
22, 947
1,180
27, 605
21, 688
4,998
29, 151
21, 453
6,746
1,537
138
1 682
109
1,629
98
1,986
127
1,869
103
1,873
103
1,721
183
1,879
150
1,751
169
2,366
134
2,561
106
2,061
42
1,708
37
1,724
31
1,613
12
1,796
12
1,697
27
1,830
38
1,709
37
1,621
37
1,659
42
1,627
43
1,853
47
59
52
61
58
73
70
71
64
67
64
57
58
57
86
294
47
67
253
41
91
270
40
84
263
36
106
259
38
119
252
34
133
267
32
116
223
56
107
178
75
111
169
97
117
179
113
148
230
192
130
289
95
967
1,043
1,102
1,064
1,089
1,175
1,127
1,073
1,282
1,383
1,654
1,704
172
1,953
39
d
• Revised.
Deficit.
* New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.
t Revised series. Seo p. 55 of the April 1934 issue, construction, and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue.
# Number of commodities changed from 502 to 567 beginning with month of January 1934.
c? Data revised from January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 of the October 1934
s sue.
O
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
51
Acceptances
30-31
Accessories, automobile
55
Advertising, magazine, newspaper, radio
25, 26
Africa, United States trade with
.... 34,35
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
30
Air-conditioning equipment
48
Air mail
26
Airplanes
36, 55
Alcohol, denatured, ethyl, methanol
36,37
Aluminum
49
Animal fats, greases
37,38
Anthracite industry
22,29,43
Apparel, wearing
„
29,53
Argentina, United States trade with; exchange; flaxseed stock
32,35,38
Asia, United States trade with
34,35
Asphalt
44
Automobiles~
22, 26, 27, 28, 29, 55
Babbitt metal
49
Barley
40
Bathroom
fixtures
47
Beef and veal
41
Beverages, fermented malt liquors and distilled spirits..
_
39
Bituminous coal.
22,28,29,43
Boiler and boiler
fittings
47
Bonds, prices, sales, value, yields
33,34
Book publication
51
Boxes, paper, shipping
51
Brass
50
Brazil, coffee; exchange; United States trade
with
_
32,35,42
Brick
52
Brokers' loans
31
Bronze
50
Building contracts awarded..
24,25
Building costs
25
Building materials..
24,45,46,47
Business activity index (Annalist)
22
Business failures
31
Butter.
39
Canadian statistics
56
Candy
42
Canal traffic
,
36
Capital issues
33
Carloadings
22,35
Cattle and calves
41
Cellulose plastic products
38
Cement
22,27,28,29,52
Chain-store sales
_.
26,27
Cheese
40
Chile, exchange; United States trade with
32,35
Cigars and cigarettes
_
43
Civil-service employees
28
Clay products.
...
23,24,27,28,29,52
Clothing
24, 25, 27, 28, 29, 53
Coal
22,28,29,43
Cocoa.
_
—
42
Coffee
23,42
Coke
—
43
Collections, department stores
26
Commercial paper
30
Communications
36
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
30
Copper
49
Copper wire cloth
50
Copra and coconut oil
37
Corn
40
Cost-of-living index
23
Cotton, raw and manufactures
23,53
Cottonseed, cake and meal, oil
38
Crops
23,38,40,53
Dairy products
23,39,40
Debits, bank
31
Debt, United States Government.
33
Delaware, employment, pay rolls
28,29,30
Department-store sales and stocks
26, 27
Deposits, bank..
31
Disputes, labor
29
Dividend payments
34
Douglas
fir
45,46
Earnings, factory.
29,30
Eggs
_
23,42
Electrical equipment
49
Electric power, production, sales, revenues
22,39
Electric railways
35
Employment:
Cities and States
28
Factory
_. 27,28
Nonmanufacturing
28
Miscellaneous
28
Emigration
36
Enameled ware
47
Engineering construction
24
England, exchange; United States trade with. 32,35
Exchange rates, foreign
32
Expenditures, United States Government
33
Explosives
37
Exports
Factory employment, pay rolls
Failures, commercial
34,35
27,28,29,30
31
Page
Fairchild retail price index
23
Fares, street railways
35
Farm employees
28
Farm prices, index
23
Federal Government,
finance
33
Federal-aid highways
25,28
Federal Reserve banks, condition of
31
Federal Reserve member bank statistics
31
Fertilizers
.
37
Fire-extinguishing equipment
55
Fire losses
25
Fish and fish oils
37,42
Flaxseed
38
Flooring, oak, maple, beech, and birch
45
Flour, wheat
41
Food products
22,23,27,29,39,40,41,42
Footwear
45, 52
Foreclosures, real estate
25
Foreign trade, indexes, values
34,35
Foundry equipment
48
France, exchange; United States trade with.. 32,
34,35
Freight cars (equipment)
27, 55
Freight carloadings, cars, indexes
35
Freight-car surplus
36
Fruits
23,40
Fuel equipment
48
Fuels..
_
43,44
Furniture
46,48
Gas, customers, sales, revenues
39
Gas and fuel oils
44
Gasoline
44
General Motors sales
55
Glass and glassware
22, 27, 28, 29, 52
Gloves and mittens
45
Gold..
32
Goods in warehouses
26
Grains
23,40,41
Gypsum
53
Hardwoods _ _.
45
Heels, rubber
52
Hides and skins
44,45
Hogs
.
41,44
Honie Loan Bank, loans outstanding
25
Hosiery
53
Hotels
28,30,36
Housing
23
Illinois, employees, factory earnings
28, 29, 30
Imports
34,35
Income-tax receipts
33
Incorporations, business ....
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
32
Interest payments
34
Interest rates
31
Investments, Federal Reserve member banks..
31
Iron, ore; crude; manufactures
22,46
Italy, exchange; United States trade with
32,35
Japan, exchange; United States trade with__ 32,34
Kerosene
44
Labor turnover, disputes
29
Larnb and mutton
42,44
Lard
41
Lead
49
Leather
22, 23, 24, 25, 27, 28, 29,44, 45
Leather, artificial
54
Liberty bonds
33
Linseed oil, cake, and meal
38
Livestock
23,41,42,44
Loans, agricultural, brokers', time, real estate
30,31
Locomotives
55
Looms, woolen, activity
54
Lubricating oil
44
Lumber
22,23,24,27,28,29,45,46
Lumber yards, sales, stocks
45
Machine activity, cotton, silk, wool
53,54
Machine tools, orders
49
Machinery
.
25,27,28,29,35,48,49
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
22,23
Maryland, employment, pay rolls
28,29
Massachusetts, employment, pay rolls
28, 29
Meats
41,42
Metals
22,23,27,28,29,49,50
Methanol
37
Mexico:
Petroleum production and exports
43
Silver production
32
United States trade with
35
Milk
40
Minerals...
22,43,49
Money in circulation
32
National Industrial Recovery Act, highway
construction
25
Naval stores
37
Netherlands, exchange
32
New Jersey, employment, pay rolls
28, 29,30
Newsprint
50
New York, employment, pay rolls, canal
traffic
28,29,36
New York Stock Exchange
_
31,33
Notes in circulation
31
Oats
40
Oceania, United States trade with
34,35
Ohio, employment
28
Ohio River traffic
36
Page
Oils and fats
37,38
Oleomargarine
. ... ... __
„ ..
38
Paints
_.
38
Paper and pulp
22,23,27,28,29,50,51
Passenger-car sales index
26
Passengers, street railways; Pullman
.35,36
Passports issued
.............. 36
Pay rolls:
Factory
,
29
Factory, by cities and States
.
29
Nonmanufacturing industries. .
. . _ 29,30
Pennsylvania, employment, pay rolls
. 28,29
Petroleum and products
22,27,28,29,43,44
Pig iron
_
22,46,47
Pork
41,42
Postal business
26
Postal savings
,.
31
Poultry
_
23,42
Prices:
Cost of living, indexes..
23
Farm indexes
23
Retail indexes
23
Wholesale indexes
23,24
World, foodstuffs and raw material
Printing
.
22
Production, industrial
.
......
22
Profits, corporation
32
Public
finance
.....
33
Public utilities
._
36
Pullman Co
„.
36
Pumps
_
„„
49
Purchasing power of the dollar
24
Radiators
50
Radio, advertising
25
Railroads; operations, equipment, financial
statistics
35,36,55
Railways, street
35
Rayon
54
Real-estate market activity
_
25
Reconstruction Finance Corporation, loans
outstanding
33
Registrations, automobiles
55
Rents (housing), index
23
Retail trade:
Automobiles, new passenger
...
26
Chain stores:
5-and-10 (variety)
26
Grocery
26
Department stores
26,27
Mail order
27
Rural general merchandise
27
Roofing
.
39
Rice
40
Rubber, crude; scrap; clothing; footwear;
tires
22,23,24,27,28,29,51,52
Rye
41
Sanitary ware
.
.... 47
Savings deposits
31
Sheep and lambs
.
42
Shipbuilding.
22,27,28,29,56
Shoes
22,24,25,27,28,29,45
Silk
23,54
Silver...
22,32
Skins..
44
Softwoods
_
._
45,46
Spain, exchange
...
32
Spindle activity, cotton
53
Steel, crude; manufactures
22,47,48
Stockholders.
34
Stock indexes, domestic and world
23
Stocks, department stores .
27
Stocks, issues, prices, sales, yields
34
Stone, clay, and glass products
22,
23,27,28,29,52,53
Sugar
23,42
Sulphur
37
Sulphuric acid
37
Superphosphate
... 37
Tea
_
23,42
Telephones and telegraphs
36
Terneplate
48
Terra cotta
53
Textiles, miscellaneous products
54
Timber
45
Tin and terneplate
23,48
Tires
_
22,24,27,28,29,51
Tobacco
22,25,27,28,29,43
Tools, machine
49
Trade unions, employment
28
Travel
36
Trucks and tractors, industrial electric
56
United Kingdom, exchange; United States
trade with
.
32,35
Uruguay, exchange
32
United States Steel Corporation
30,34,48
Utilities
28,29,34,35,39,55
Vacuum cleaners
50
Variety store sales index . .
. 26
Vegetable oils
37,38
Vegetables..
23,40
Wages
29,30
Warehouses, space occupied.
. ... 26
Waterway traffic
36
Wheat and wheat
fiour
23,41
Wholesale prices
23
Wisconsin, employment; pay rolls
28,29
Wood pulp
„
_.
50
Wool
_
22,24,54
Zinc
_
22,49
An Indispensable Source and Reference Book
STATISTICAL ABSTRACT
OF THE
UNITED STATES
1934
FOR BUSINESS AND FINANCIAL MEN, EDITORS,
ECONOMISTS, AND STUDENTS
Companion piece to the Survey of Current Business—an encyclopedia of valuable
statistical data collected by Government and private agencies.
AREA AND
POPULATION
POSTAL AND COMMUNICATION SERVICES
EDUCATION
TRANSPORTATION
PUBLIC LANDS
FOREIGN COMMERCE
ELECTRIC AND OTHER POWER
IRRIGATION AND DRAINAGE
ARMY, NAVY,
AND CIVIL
SERVICE
AGRICULTURE
FISHERIES
FORESTS AND FOREST PRODUCTS
FINANCE,
MONEY, AND
BANKING
MINING AND MINING PRODUCTS
MANUFACTURES
PRICES
WHOLESALE AND RETAIL TRADE
CONSTRUCTION
WAGES
Price $1.50
56th annual edition—
791 pages—
buckram bound.
For sale by
the Superintendent of
Documents
United States Government
Printing Office
Washington, D. C.
or any
district office
of the
Department of Commerce
I.S. COVERNMENT P R I N T I N G OFFICE: 1935
@FedFRASER