Full text of Survey of Current Business : February 1937
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FEBRUARY 1937
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
VOLUME
17
NUMBER
2
Long-Term Debts
in the United States
The study of the volume and distribution of the long-term
debts in the United States undertaken by the Department
has been completed and published. A summary of the
findings is set forth in the article on page 16. The period
covered by the study is from 1912 to 1934, but some preliminary estimates of the totals have been computed for
1935,
Debt volume as defined and measured in the study
reached a peak in 1930, and since that year there has
been a considerable shrinkage, particularly in the realestate field. "Interest payable 7 ' on long-term debts over
this period has dropped by a somewhat larger percentage
than has the debt volume.
Copies of this new volume may be obtained from the
Superintendent of Documents, Government Printing Office, Washington, D. C , or from any District Office of the
Bureau of Foreign and Domestic Commerce, United States
Department of Commerce.
20c per copy
211 Pages . . 85 Tables . . 22 Charts
UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ALEXANDER V. DYE, Director
SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
ROY G. BLAKEY, Chief
M. JOSEPH MEEHAN, Editor
Volume 17
Number 2
FEBRUARY 1937
CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Graphic comparison of principal data
Commodity prices
Domestic t r a d e . ,
Employment
Finance
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Forest products
Iron a n d steel
Textile Industries
STATISTICAL DATA—Continued
Page
2
3
4
5
6
7
8
9
10
11
SPECIAL ARTICLE
Trend of private long-term debts, 1912-35
STATISTICAL DATA
New or revised series:
Table 5. Purchasing power of t h e dollar (cost of living), 1914-36.
Table 6. Purchasing power of t h e dollar (retail food prices),
1923-36
Table 7. Wholesale prices of Douglas fir common boards and
Douglas fir flooring, 1922-36
Table 8. Edible gelatin, production, shipments and stocks,
1930-36
Table 9. Retail food prices, 1923-36
Table 10. Retail prices of Pennsylvania anthracite, 1929-36
Table 11. Total visible stocks of silk, 1930-36
12
13
14
15
16
19
19
19
20
20
20
20
Weekly business statistics through J a n u a r y 23
..
Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
22
23
24
25
27
31
37
37
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metals 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
39
41
41
45
46
47
48
49
50
51
52
53
53
55
56
Inside back cover
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 centi.
Foreign subscriptions, $3. Price of the 1936 Supplement is 35 cents. Make remittances only to
Superintendent of Documents, Washington, D. C.
119132—37-
Page
21
SURVEY OF CURRENT BUSINESS
February 1937
Business Indicators
1923-25=100
INDUSTRIAL PRODUCTION
125
100
\
FACTORY EMPLOYMENT AND PAYROLLS *
125
V
\V
100
/ - \
75
/
EMPLOyMENT (Adjusted) *
^—*^—^—
\
75
-
/V/
Adjusted ®
50
50
25
25
0
\
PAYROLLS rUnQdjustecf)
0
1
i i i i I 1 i I I I I ! I 1 I I 1 1 | | 111111111111
^
1 1 1 1 1 1 1 1 11ii
1 1 1i 1 i I I 11 11 11 11 11 i 11
CONSTRUCTION CONTRACTS AWARDED
FREIGHT CAR LOADINGS
125
125
100
100
\
\
I.C.I. (Adjusted)7
75
75
\
50
\
50
TOTAL (Adjusted)*
v\
25
25
0
ii i i ji i ii i
125
100
100
\
TOTAL
{Adjusted) ®
. •• —
—•
y^
1L (Adjusted)*
i i i i t 1 i i | 11I I I i 1 1 I I i i Ii I i i 1 i i I I i
s
ALL COMMOLVT/ES
—-J
********
• ~ w * ^ F/lftAf PRODUCTS
25
0
0
! 1 1 1 1 i 1 ! 1 I!1 11 1 1 1 1 1! || i! |1 1 ! i I II !
i i i I i 1 i t i i ; 1 1 1 II ! II M 1II i 1 1 1 1 1 i II
BANK DEBITS OUTSIDE NEW YORK CITY
FEDERAL RESERVE MEMBER BANh( LOANS"
150
150
100
^^—
•^»*^-%^^-« ^RES/DENTt/
50
25
125
•
\
75
50
<usted)*/
TOTAL (Act,
WHOLESALE PRICES
DEPARTMENT STORE SALES
125
75
V
V
0
Inull
III I 1 I II I
111 11 I i i
/
\
• \
125
X \
\
\
TOTAL
V
50
{-ALL OTHER (Commercial)
i i I i i i i i I I I i i i i i 11 i i i i
l929'3Q'3r32'33
/
75
50
1934
1935
ADJUSTED FOR SEASONAL VARIATION
/
100
V
\
75
\
1
o"
! !1 1 1 1 I 1 1 1 1
1936
I i II 1 1 1 I I 1
! 11 I I 1 I 1 1 11M1 1 1 1 1 1 1 1 I 1 1
1929'30'3! '32*33
* REPORTING MEMBER BANKS
#
1934
REVISED
1935
1936
D.D. 8639
J.M.
SURVEY OF CURRENT BUSINESS
February 1937
Business Situation Summarized
USINESS activity during January has declined July of 1936 when drought conditions caused an unB
moderately after a marked advance in December, usually heavy summer movement of both livestock and
as floods in the Ohio Valley and labor disputes in the crops. Total cash income from the 1936 products sold,
automobile and other industries tended to retard production and distribution. The seasonally adjusted
indexes of industrial output and freight traffic for
January will be below the figures of December when
both indexes rose sharply, but the movements of these
adjusted indexes at the year-end period are caused
partly by the difficulty of making proper allowance for
shifting seasonal influences. The barometric steel
industry has maintained a high rate of output during
January, notwithstanding the drop in automobile
assemblies. Textile mill activity has remained high,
and consumers-goods industries generally have felt the
stimulus resulting from the continued rise in income,
and the upward trend of prices. The durable-goods
industries, in which demands are influenced mainly by
long-term considerations, have a large volume of orders
on hand.
The expansion in consumer income during December
was an extension of the upward movement which was
evident throughout the year in both farm and urban
areas. The seasonally adjusted index of cash farm
income was higher in December than in any month
since the third quarter of 1930, excepting June and
or to be sold, is estimated by the Department of Agriculture at $8,100,000,000, compared with $7,200,000,000
in 1935, and that Department estimates that the portion
of this sum available to the farmer for his labor,
management, and capital was about $5,300,000,000, or
17 percent more than in 1935 and only 7 percent less
than in 1929. In terms of purchasing power, this
amount was larger than the 1929 total.
Pay rolls also were higher in December and only part
of the increase was derived from the seasonal gain in
employment incident to the holiday trade. Pay increases contributed a part, as did the contraseasonal
gain in factory employment.
The December increase in retail sales slightly exceeded seasonal expectations. The rise in departmentstore and chain-store sales approximated the seasonal
increase, but sales of general merchandise in rural areas
rose more than usual. Automobile sales increased
sharply in December as deliveries of the new models
were pushed. January retail sales of cars are not
likely to be much affected by the slackening of production, as field stocks provided a substantial volume of
cars for immediate delivery by dealers.
MONTHLY BUSINESS INDEXES
Factory employment
and pay rolls
Industrial production
1
Year and month
f
fad
3
tal
3
§
iner
1
December
December....
December
December
December....
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average:
1929
1930
1031
1932
1933
1934
1935
1936
1
1
s*
§1
I
192931 = 100 Monthly average, 1923-25=100
Monthly
Monthly
average,
average,
1924-29=100 1926=100
107.0 97.5
93.3
39.5 37.5
62.6
49.0 53.5
70.8
56.0 52.5
76.9
72.5 67.0
80.9
96
60
69
78
96
93
58
67
76
95
110
73
81
85
97
103
66
75
86
101
101
64
73
85
101
116
77
86
90
102
100.6
64.8
78.2
82.2
88.6
100.5
42.3
55.5
64.1
77.4
102
58
63
64
71
103
69
68
66
66
110
62
69
77
83
125.1
58.7
77.7
94.5
109.8
106
33
48
42
56
97
30
42
41
58
136.4
65.0
67.4
79.6
94.7
102
28
57
31
67
95
95
96
103
105
104
105
106
107
111
115
114
95
93
97
105
105
105
105
106
107
110
115
115
99
106
89
94
100
100
101
104
109
114
115
109
97
94
93
100
101
104
108
108
109
109
114
121
96
92
93
100
101
105
109
110
110
110
115
122
103
110
95
105
101
99
101
98
101
104
111
115
88.6
87.2
87.6
88.5
89.6
90.3
92.6
93.3
93.6
94.3
96.0
98.2
73.6
73.6
77.4
79.1
80.6
80.8
80.0
83.4
83.4
88.8
90.5
94.8
70
70
66
69
70
70
73
70
72
73
80
86
64
62
62
63
64
66
67
67
67
66
67
71
81
83
84
84
87
87
91
87
88
90
93
92
96.3
93.0
106.7
109.9
113.3
112.4
114.7
111.9
123.6
127.1
122.6
131.0
51
53
51
53
56
55
54
51
55
57
52
57
57
60
55
58
58
62
65
62
70
64
61
76
88.7
80.0
90.6
88.7
86.2
95.7
94.4
86.7
89.1
102.1
93.7
117.8
61
52
47
47
46
52
62
59
57
58
61
65.0
53.0
59.5
58.5
64.0
69.5
84.0
75.0
89.0
104.0
88.5
86.0
119
96
81
64
76
79
90
105
119
95
80
63
75
78
90
105
115
99
84
71
82
86
91
103
106
92
75
56
58
62
63
72
105
97
87
72
67
65
64
66
111
102
92
69
67
75
79
88
124.9
97.8
77.4
63.1
69.2
83.7
99.4
115.0
115
84
53
35
37
47
50
54
113
79
54
34
37
43
53
63
140. 2
117.1
91.9
65.2
61.9
70.1
80.3
92.8
117
92
63
28
25
32
37
55
103.5
83. 5
5H.0
42.5
49.0
57.0
64.0
74.7
Adjusted for number of working days.
u
Cash farm
income 3
u 3
Monthly average, 1923-25=100
1929:
1932:
1933:
1934:
1935:
1936:
Foreign
trade, value,
adjusted 2
ft*
3
3
Retail sales,
value,
adjusted 2
MerchanTotal dise,
1. c. 1.
Adjusted
adjusted 1
Freight-car
loadings
104.7 109.1
91.3
88.5
77.3
67.4
65 5 46. 4
72.0 49! 4
82.4
62.8
85 9 71 2
91.7 82.2
2
Adjusted for seasonal variation.
66.5
63.0
67.5
69.5
72.5
80.0
88.0
74.5
77.5
76.0
77.5
78.5
* From marketings of farm products.
80.6
80.6
79.6
79.7
78.6
79.2
80.5
81.6
81.6
81.5
82.4
83.9
95. 3
86.4
73.0
64.8
65.9
74.9
80.0
80.8
SUEVEY OF CURRENT BUSINESS
February 1937
Graphic Comparison of Principal Data
BANK DEBITS OUTSIDE N E W YORK CITY — (BILLIONS OF DOLLARS)
0
50
If >0
1(30
2(30
2 50
300
1 Q ^fi
1935
1934
1933
1932
-
1929
(INSTRUCTION CONTRACTS AWARDED — (B/LL/OA/S OF DOLLARS)
\
0
1936
1935
1934
1933
1932
19 29
=
=
J.
STEEL INGOT PRODUCTION — (MILLIONS OF TONS)
0
10
20
30
40
50
1
19 36
J935
1934
1933
1932
-
19 29
AUTOMOBILE PRODUCTION--(MILLIONS
>
r
1
(D
19 36
1935
19 34
1933
1 932=
OF CARS)
Y
t
=
1929
FREIGHT CAR LOADINGS — (MILLIONS OF CARs)
10
20
30
40
50
19 36
19 35
19 34
1933
1932
1929
DO. 8638 JM
SURVEY OF CURRENT BUSINESS
February 1937
Commodity Prices
advances in wholesale commodity prices
JANUARY
were somewhat less general and, in some cases, less
periods. Among individual commodities whose wholesale prices increased rapidly in both periods were oats,
steers, leather, wool, lumber, and copper.
Prices received by farmers rose substantially from
mid-December to mid-January, according to the
Bureau of Agricultural Economics. Advances occurred
in prices of hogs, cattle, lambs, wheat, corn, oats, rice,
butter, wool, and potatoes—only poultry and eggs
showing marked declines. Butter prices increased contraseasonally and further advances in prices of hogs,
sheep, and potatoes were forecast. The ratio of prices
received to prices paid by farmers rose to 99 (1910-14 =
100) in December, compared with 94 in November
and with 90 a year earlier.
The National Industrial Conference Board's cost of
living index advanced 0.3 percent from November to
December, prices of all constituent groups—food, rent,
clothing, coal, and sundries—showing increases. The indexes for food and rents each rose 0.5 percent from November to December, the former advancing 1.1 percent
and the latter 11.4 percent above the level of December
1935. Fairchild's January 2 price index of department
store articles showed an unusually large advance for the
month, prices having risen in every major division.
rapid or more irregular than the December advances.
The rise of the Bureau of Labor Statistics index to
85.7 (1926 =-100) for the week ended January 16 indicated little if any retardation in the general rate of
advance since the beginning of the sharp upturn in
early November, but the marked declines in Moody7s
daily index of 15 "sensitive" commodity series and also
in the Dow-Jones daily index of 11 important commodity futures which began in mid-January indicated a
slowing down if not a reversal of the upward movement.
During the first half of January, as in December, the
Bureau of Labor Statistics index of raw materials advanced more than twice as much as did the index of
finished products, and the index of semimanufactures
rose even more rapidly than that of raw materials.
Among the group indexes making the widest advances
in both December and the first half of January were
those for farm products, chemicals and drugs, and hides
and leather. Large gains were made by the indexes of
building materials, foods, metals and metal products.
Of the subgroup indexes, grains and meats made unusually sharp gains, especially in the latter of the two
INDEXES OF COMMODITY PRICES
Wholesale Prices (Department of Labor)
Groups and subgroups
Economic classes
II
Year and month
3
ials
p
© OJ
if
im
£2 oa
Ck
-
z
is I© 85
S
©•£
5
ft!
Deo.
Mo.
Mo.
Mo.
1930
iverage, average, average, (Jan.
1923= 1909-14 1923-25 1931) 1,
=
= 100
= 100
100
100
Monthly average, 1926=100
1929: December
1932: December
1933: December
1934: December
1935: December
1936:
January
February
March
April
May
June
July...
August
September
October
November
December
Annual index:
1929
1930
1931
1932
1933
1934
1935
1936
_. .
93.3
62.6
70.8
76.9
80.9
92.7
68.4
74.8
79.5
83.1
95.0
52. 1
61.9
73.1
77.7
92.0 101.9
57.7 44.1
72.3 55.51
71.0 72. ol
75.2 78.3
80.6
80.6
79. 6:
79.7 1
82.4
82.2
81.31
81.6
80.5!
SO 7
81 6
S2 4'
82 i
«^ 0
78.1
79.1 i
77.4|
77.0'
75.8
77 6
74.8 78.2
74.6 j 79.5:
74.4 76.5'
74.5 76.9;
74.11 75. 2|
71 9! 78 1
75 ? I si 3
7r» 61 ^ 8
M 0
7) (
76 2
78. 6
79 2
80 51
hi 6
SI t>
is
3«
go
SIU
1!
SB
s»
tied
S3
Retail Prices
5 1
97.5
31.7
60.4
91.5
76.6
98.7 103.2
58. 3 49.4
62.5 46.0
75.3 69.0
85.7 97.5
83.51
83. 2!
80.11
80. 2l
78.01
7n 9
hi 1
S, 1
h^ 3
4
2 ()
94.9
92.1
89.711
m A
91.0
85.1 i
84 0
sr 4
S7
M 4
90.5 94.4 93.5 83.1 107.3
69.0 70.8 72.3 69. 3 69.6
77.5 85.6 73.7 73.4
78.0 85. li 77.8 73.7 85.1
85.5; 80.6 74.6 95.4
78.8 85.7| 80.5 75.1
79.0j! 85.51 80.1 76.1
78.911185.31 79.3 76.2
TO
ni; 85.
oc T
c 76.4
8.9||
71 TO
78.5
78. 8|i 85.81 77.7 76.0,
78 8 1 85 ^ "in 0 76 II
7) 5 1 S 79 4 7'< 2
So 9 70 P 76
7J 7
79 f S7 1 SJ
SO '
J 0
94.7
73.6
81.0
81. 2
81. 0:
98.5
79.4
83.5
85.9
97.11 81.4
96.1 81.5 86.7,
94.9 81.4 86.6
94.6 81.5 86.6
94.0 81.5 86.3
56 2
Q3 A
86 Q,
93 6
57 1|
% 8;
r
87.8
53.0
76.4
70.0
73.2
82.2
63.4
65.7
71.0
67.5
71.7
71.0
70.8
70.2
69.8!
67.8
68.1
68.3'
68 61
69.2!
69 71
71 0
71 5
71 3
71 o
' I
00 '
70 .
7d (
70 *
S ) 9 71 <
s ; ') ; '
100.3
74.9
77.4
80.3
83.9
83.9
83.5
83.2
83.4
83. 8 i
8* 1
147
63
78
10)
110
105. 7
64.7
69. 2
74.5
82.0
109
109
104
105
103
107
81.
80.6
79.5
79.7
79.9
83.8
84.0
84.0
84.3
82. 8
82.
1 r>
24
i
21
116.1
71.8
88.0
87.2
88.2
88.3
88.3
88.1
88.1
88.1
87.9
88.1
88.5
89.3
90.0
90. 8
^».6
M 0
S) 8
( 0
70 1,
7t ),
80 8,1
1
S2 2
82 0
" 1
79 U
Middle of month.
>s >
(4 S
( i 41 : I
72 s! n -.'
73 0 i 7* S
75 9'| 80 ') ,
i (»
( ) l
14T
U
^7
t "
39 4 ,
70
f 0
s
73
h W
->0 ( 86 ^
,» 2 ( 1 - > 81 7j S7 0
7
!
Index is as of the 1st of the following month.
7M 1|
S2 (,'
84 81
104. i
<;;), 6
82. 1
()«! 3
4
i 0
74. 1
ins
80. 4
82 1
li 1
90. 9
75 8
77.5
88.3
86.6
88.9
SURVEY OF CURRENT BUSINESS
February 1937
Domestic Trade
sales during January have experienced a
R-ETAIL
seasonal recession, following the December rise
which was slightly in excess of seasonal expectations.
January sales have been well above the results of a year
ago, but in the Ohio Valley area and in some of the automobile centers sales have been adversely affected by
floods and labor disputes. Offsetting factors are the sustained highlevelof business activity generally, and theimproved position of the farm population resulting from the
large increase in cash income from last year's operations.
The expansion in retail sales in rural areas during
1936 was somewhat larger relatively than the increase
in urban centers, but the difference between the rate of
increase in urban and rural sales was much less than in
1935. The strong upward trend of general merchandise sales in rural areas persisted through the final quarter of the year, with December sales 5 percent larger
than in December 1929. The relative increases in 1936
over 1935 were remarkably uniform in three of the four
major geographic areas, with the Middle West area
recording a rise approximately half as large as the increase for each of the other three major areas.
Department-store sales increased seasonally from
November to December, while the gain from December
a year ago was 15 percent. Total sales for the 12-month
period were 12 percent larger than for 1935 and were
four-fifths as large as the 1929 dollar volume. The
largest percentage increase from 1935 to 1936 was in
the Dallas district where a 19 percent gain was recorded,
followed by Cleveland and Chicago with gains of 15
percent each. The nine remaining districts showed increases ranging downward from 14 percent for Atlanta
to 9 percent for Kansas City, with six districts recording
a rise of either 10 or 11 percent.
Variety-store sales increased more than seasonally in
December, but chain grocery store sales were up by less
than the usual seasonal amount. The increase in retail
sales of food during 1936 was much smaller relatively
than the increase in sales of all merchandise. This is
a clear indication that it was not necessary for consumers to use much of their increased purchasing power to
satisfy their food requirements. A large part of the
increase went into the procurement of automobiles,
furniture, electrical equipment, and similar goods.
With conditions generally favoring an expansion in
advertising budgets, linage in both newspapers and
magazines, and expenditures for radio time all increased
materially in 1936. Total newspaper linage in 52 cities
was up 11 percent in comparison with the 1935 total,
with general, classified, and financial advertising up
more than 15 percent. The volume of financial advertising was still relatively low, amounting to only about
one-third of the 1928 or 1929 average. Magazine linage
was up 12.4 percent, while radio advertising brought in
over $59,000,000 to the national chains, or 19.2 percent
more than in 1935. Total expenditures for radio advertising on the chains were, of course, much greater,
since talent is a large item of cost.
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Department stores
Year and month
Chain-store sales
Unad- A d just- j u s t ed 2
ed i
Unad- A d just- j u s t ed 2
ed i
Monthly average, 1923-25=100
1929: December
1932: December
1933: December
1934: December __
1935: December
1936:
January
February __
March
.
April
May
June
July
August _
September
October
November ._
December. _
M o n t h l y average:
1929
1930
1931
1932
1933.
1934
1935
1936
191
106
121
135
145
110
63
66
77
85
89
84
63
68
94
99
105
161
81
83
84
84
87
87
91
87
88
90
111
102
92
69
67
75
79
88
!
62
69
77
83
Rural sales of
general merchandise
Variety stores
Combined
Stocks 3
Sales
100
58
62
67
68
67
62
59
65
71
76
80
G6
66
05
65
65
65
64
63
67
68
69
71
96.5
99.4
101 2
102. 0
103.0
108 0
109.6
109 0
110.0
109.5
111 0
71
111. 5
67.7
73. 5
80.3
95.7
96.8
98. 8
97.2
80 5
97.8
100.4
104 5
1%. 2
83.5
83 4
92.0
97.0
105.9
107. 1
99.0
93. 8
80.8
82.5
90.5
91.5
99.6
Adjusted for number of working days.
60
65
64
65
New passenger-car sales
Employment
Unad- AdAd- Unad- A d (Chain Unadjust- j u s t - just- j u s t - j u s t - j u s t ed 2
ed 2
ed i
ed i
Store Age) ed i
ed 2
Avg. same
Monthly average, 1929-31=100
mo. 192931=100
205 4 111 3 177.6
125. 1
65.1
113.0
132.7
58.7
77.4
71.9
83.3
19.3
34.0
83 3 110 3
87 5 153 7
77 7
17.3
30.5
163.9
134.2
88.9
94.5
27.7
49.0
93.5
178.4
109.8
106.5
96.7
90.6
102.7
155.9
94
56
62
60
61
100
94
82
66
61
65
64
67
Commercial
failures
2
90.8
88.0
93 3
95.2
96.8
104 0
109. 2
97 7
102. 4
98.9
1C3 0
106.3
79.9
84.2
99 2
105. 5
106.5
106 2
88.3
96 2
122. 3
155. 1
150 8
186.1
96.3
93.0
106 7
109.9
113.3
112.4
114.7
111 9
123.6
127.1
12? 6
131.0
124 9
97 8
77.4
63. 1
69 2
83.7
99 4
115. 0
Adjusted for seasonal variations.
69.3
65. 5
117 8
142.3
138. 6
139. 3
117.3
92 9
71.0
56.5
113.1
130.8
Pay
rolls
Monthly average, 1929=100
102.0
89. 5
101 0
93. 5
93.5
109. 5
104.5
92 0
83.0
85.5
151. 0
175.5
144.1
93 0
62.9
35.5
43.3
57. 6
83 8
104. 9
3
102 6
75.4
81.5
85.0
86.8
85.6
85.0
85.6
85.7
84.6
84.6
85.4
86.3
88.0
89.0
89.7
91.2
104.7
59.3
60.9
64.8
68.6
100.0
95.7
85.8
76.8
76.1
82.8
84.0
1 86.7
Failures
Liabilities
Num- Thou*
ber ofsands
dolls.
1,10S
933
910
21,874
16, 981
15, 686
66.6
66.6
69 0
67.9
68.2
68.4
69.0
69.7
70.6
71.6
73.0
73.0
1, 077
856
946
830
832
773
639
655
586
611
688
692
18,104
14, 089
16 271
14.157
15,375
9,177
9, 904
8 271
9,819
8,266
11,532
100.0
95.3
81.9
64.2
56.8
63.0
65.6
69.5
1,655
977
959
765
38,127
19,183
15, 251
12,271
End of month.
12,283
SURVEY OF CURRENT BUSINESS
February 1937
Employment
in general business conditions in
IMPROVEMENT
December and the expansion in retail trade during
biles; electrical machinery; paper and pulp; tires and
tubes; chemicals; petroleum refining; and foundries.
the holiday shopping period were responsible for a The pay-roll totals do not reflect the substantial volsubstantial gain in the number at work in December. ume of bonus distributions made during this period.
Employment in the durable-goods industries inThe trend of employment was upward throughout 1936,
with the net gain in the estimated number at work in creased 1.5 percent from November to December while
the 12-month period exceeding that of any of the 3 pre- the increase in the nondurable group was 0.7 percent.
ceding years. A significant feature of the situation was Employment in the former in December was 15 percent
the widespread nature of the employment gains. All higher than in December 1935, while in the latter
major nonagricultural industries reported an increase group it was 6.8 percent above a year ago.
Of the 89 manufacturing industries, 50 reported gains
for the year, with substantial rises occurring in construction, manufacturing, and trade. Seasonal reduc- in employment in December as compared with Novemtions in trade and some other lines, coupled with the ber, and 59 had larger pay rolls. The largest gains in
labor disputes in the automobile industry, probably employment were seasonal in character, and included
resulted in a decline in total employment between mid- the fertilizer, automobile, and agricultural-implement
December and mid-January. In Detroit, the factory- industries. Industries producing woolen and worsted
employment index dropped from 122 to 114 during this goods, boots and shoes, and iron and steel forgings were
among those reporting gains in employment of moreperiod.
The adjusted index of factory employment advanced than-seasonal proportions in December, while in airto 98.2 in December from 96.0 in November (1923-25 = craft, carpet and rug, and foundries and machine shops,
100). Factory pay rolls also recorded a sharp gain the number at work increased contraseasonally.
both because of the larger number employed and the
Among the nonmanuf acturing industries, gains in emincreases in wage rates. More than 606,000 of the ployment in December, in addition to those recorded by
4,200,000 factory workers covered in the monthly survey trade establishments, were reported for the coal-mining
received increases in wage rates between November 15 industry, where employment increased in response to
and December 15, according to the Bureau of Labor seasonal factors, and for metalliferous mines where the
Statistics. The industries in which the largest number change reflected a resumption of operations after adjustof employees received such increases were blast furnaces, ment of labor disputes. Employment in the construction
steel works, and rolling mills; cotton goods; woolen and industry dropped sharply as weather conditions caused
worsted goods; brass-bronze-copper products; automo- a seasonal curtailment, particularly in road building.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls
Nonmanuf acturing employment and pay rolls
(U. S. Department of Labor)
Electric light Telephone
TradeAnthracite
Bituminous
and power
Union
Pay
and teleEmployment
Retail trade memmining
coal
mining
and
manugraph
rolls
factured gas
bers emYear and month
ployed
Em- Pay
EmEm- Pay Em- Pay EmUnad- Ad- Unad- ployploy- Pay ploy- rolls
ploy- rolls ploy- Pay
justed justed 1 justed ment
rolls ment
ment
ment rolls
rolls ment
Percent
Monthly average,
Monthly
average,
1929=
= 100
1923-25 = 100
of total
1929: December
99.6
107.1 137.2
101.4
108.2
101.8 103.9
100.6
102.5 105.8
111.9 109.7 members
100.5
1932: December
1933: December
1934: December
1935: December
1936:
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average:
1929*_
1930
1931
1932
1933
1934
1935
1036
64.3
77.6
81.4
88.2
64.8
78.2
82.2
Dollars
Cents
per
hour
62.3
54.5
61.6
57.3
56.2
44.3
52.3
55.4
70.0
75.4
79.7
79.1
37.7
50.8
57.0
69.5
78.4
81.8
83.6
86.8
73.2
74.4
78.3
86.0
74.8
69.4
69.7
69.6
73.5
67.7
73.2
75.6
80.9
89.1
91.1
92.9
60.4
64.0
66.2
69.3
27.52
16.22
18, 57
20.74
23.38
0.590
.467
.550
.594
.604
40
32
38
40
41
73.6
73.6
77.4
79.1
54.4
76.7
42.6
28.6
56.3
42.0
37.2
31.4
34.9
48.5
40.3
55.4
79.8
80.2
80.4
77.5
76.2
75.7
75.5
76.9
78.2
81.1
82.4
83.8
70.6
78.4
70.2
62.6
62.2
61.5
62.6
65.4
71.0
79.2
80.3
84.9
86.1
86.1
86.8
88.0
89.0
90.4
91.7
93.1
93.5
94.0
93.4
93.1
84.8
84.7
85.9
86.2
87.0
88.1
89.8
89.8
91.4
92.7
9.1.8
94.1
70.1
69.9
70.2
70.8
71.6
72.1
73.1
73.5
73.7
73.8
73.7
73.6
75.0
76.2
77.2
76.0
78.5
77.4
79.9
81.2
78.8
83.1
81.6
82.4
80.4
79.7
81.9
85.2
85.0
85.5
83.2
82.4
86.6
88.7
89.9
100.1
62.1
61.6
63.5
65.3
65.8
66.4
65.1
64.4
66.6
68.3
70.1
75.6
23. 40
23.14
23. 67
24.33
24.41
24. 45
24.23
24. 66
25.11
25.51
25. 83
26.63
.608
.608
.611
.613
.616
.617
.617
.616
.619
.619
. 624
.635
40
38
37
38
42
42
42
41
42
42
41
39
100.0
95. 3
75. 4
53. 7
45.8
55. 9
47.5
45.7
100.0
93 4
83'. 2
67.4
67.9
77.2
76.7
79. 0
100.0
81.3
57.5
35.6
37.8
54.2
58.2
70. 7
100.0
103. 0
95.6
83.0
78.8
83.8
84.8
90.4
100.0
104.3
96.7
79.8
72.0
77.9
81.4
88. 9
100.0 100.0
97. 9 102.9
PS. 6 93. 7
79.1
81. 1
68.2
70.4
70.3
71.5
70.1
74.5
72. 2
78,9
100.0
96. 8
87 7
76.8
76.1
82.1
82.3
85. 7
100.0
95.3
83.1
63.2
55.2
60.9
62. 1
66. 2
28.55
25.84
22. 62
17.05
17.71
20.12
22.28
24.61
.590
.589
. 564
.498
.491
.581
.600
.617
39
39
36
32
35
42
41
40
80.0
83.4
83.4
88.8
90. 5
94. 6
59.1
61.2
52.5
49.8
54.9
51.2
48.4
41.1
47.6
49.9
51.5
518
104. 7
91.3
77.3
65. 5
72.0
82.4
85.9
91.7
109.1
88. 5
67. 4
46.4
49. 4
62.8
71.2
82.2
100.0
93. 4
80.5
62. 5
51.7
59.6
53.2
51.8
1
Common
labor
rates
(road
build-
42.3
55.5
64.1
77.4
86.7
87.8
89.0
89.6
89.9
91.0
93.4
95.3
96.5
96.7
97.7
Wages
Factory
(National Industrial Conference
Board)
I
Average Average
weekly hourly
earnings earnings
Adjusted for number of working days.
1
Adjusted for seasonal variation.
SURVEY OF CURRENT BUSINESS
February 1937
Finance
T
HE Seventy-fifth Congress, now in session, passed utility stocks also advanced but tended to be less firm
a bill approved on January 23, extending until after the middle of the month. Bond prices have reJune 30, 1939, the powers conferred upon the President mained firm, with continued low interest rates sustainby the Gold Reserve Act of 1934 wThich granted him ing the high-grade issues, and further improvement in
authority to reduce the gold content of the dollar by corporate finances tending to strengthen issues of
not more than 50 percent, as originally provided by an lesser merit.
amendment to the Emergency Farm Relief Act of 1933.
During the 4 weeks ended January 20, excess reserves
The same bill provided for a similar extension of section of member banks increased by approximately $250,000,10 of the Gold Reserve Act of 1934 which provided for 000 to a total of $2,130,000,000. This rise followed a
the establishment of a stabilization fund of $2,000,000,- decline of somewhat larger proportion during the pre000 by the Secretary of the Treasury in connection with ceding 4-week period, and has resulted largely from a
exchange stabilization operations.
return flow of $341,000,000 of currency to the member
Of more direct interest to the money market wTas the banks after the holiday season. Whereas money in
President's Budget message to Congress, submitted on circulation increased steadily during the first 3 weeks
January 8, in which it was reported that "the 1938 of December, while member-bank reserve balances
Budget is in balance, and, except for debt reduction of showed a steady decline, these movements have been
$401,515,000, it will remain in balance even if later reversed since that time. That this seasonal correction
on there are included additional expenditures of as is virtually completed is indicated by the fact that
much as $1,537,123,000 for recovery and relief." Total during the week ended January 20 the rate of decline of
expenditures for the fiscal year 1938, exclusive of direct- money in circulation, as well as the rate of increase in
and work-relief funds for which a supplemental request member-bank reserve balances, was not especially prois to be presented to Congress later, were estimated nounced. Daring the past year there has been a steady
at $6,158,000,000. Total receipts for 1938 were fore- upward movement in both the volume of money in
cast at $7,294,000,000, an increase of 25 percent over circulation and in the volume of bank debits. These
the estimated total for 1937. It is estimated that the changes reflect the increased demands arising from the
gross public debt on June 30, 1938, will be about the general improvement in business activity.
same as at the close of the fiscal year 1937, without
Net gold imports during the first half of January were
taking into account any changes which may occur as a approximately $54,000,000, or only slightly less than net
result of the Treasury policy in holding as "inactive" imports during all of December. In accordance with
future acquisitions of gold.
its plan announced on December 21, the Treasury reStock prices have moved upward during January, ported in its statement of January 15 that approxiwith the most pronounced rise in industrial shares which mately $79,000,000 of gold had accumulated up to that
reached new high levels for the recovery. Rail and date in the so-called inactive fund.
FINANCIAL STATISTICS
Bank
debits
outside
New
York
City
Year and month
Reporting member
banks,
Wednesday
closest to end of
month
Loans "Othon
er"
securi- loans
ties
Investments
Net
gold
Excess
imreserves ports
of
Money
inmem- cluding
in
ber
circugold
banks, released lation
end of end of
from
earmonth month
mark 1
Federal
Reserve
bank
credit
outstand-
Savings
deposits
New
York
State
Postal
Savings
Millions of dollars
1929: December
1930: December
1931: December
1932: December
1933: December
1934: December
1935: December
1936:
January
February
March
April
May
June
July
August
September
October
November
December
1
I
;
i
I
I
]
26, 902
23,107
17,112
12,820
13,288
15,701
18,676
8, 304
7,814
5, 777
4, 315
3,824
3,192
3, 271
3, 214
3, 401
17,499
15,766
17,867
17,497
16,998
3,128
3,117
3, 313
3, 304
3,486
3, 319
3,173
3,177
3, 242
3,179
3, 205
3, 304
3, 231
3, 495
3, 485
3, 586
3, 619
3, 600
3,749
3,949
4, 033
4, 068
13, 882
18, 617
17,106
17,586
20,142
18. 475
23,238
Net exports indicated by (—).
3, zn
5, 514
6,693
7,42,8
8,507
8, 666
11,367
12, 646
12,996
13, 047
13, 229
13, 452
U, 159
14, 084
13, 809
13, 929
13,796
13, 647
13.742
!i
|
|j
I!
Stock
prices
(419)
Standard
Statistics
Bond
prices,
New
York
Stock
Exchange
(domestic)
j 1926=100 Dollars
1, 582
1,373
1, 853
2,145
2,688
2, 463
2, 486
—86. 4
17.6
—33 I
33.9
576 j
171.9 j
859 !|
2. 6 I
1,814 jj
92. 2 !
2,844 ii 191.3 !
2, 479
2, 482
2, 475
2, 474
2, 473
2, 462
2,470
2,473
2. 476
2, 453
3, 084
2,986
2, 305
2, 664
2, 806
2,717
3, 029
1,950
1, 840
2,175
2, 236
1,084
43.9
-26.1
6.4
27.9
166.7
253. 0
17.7
55.5
143. 0
207. 6
78.8
50. >:!
i, S9"
5,064
5,154
5,1.87
164
245
606
902
1,209
1,207
1,201
S 779
i, 857
>. 892
',913
I, 062
i, 203
6,191
6. 258
6, 321
6, 401
6, 56*5
5,177
5,177
5,204
5,175
5,165
5,210
5,197
5,197
5, 223
5. 210
5, 201
5,243
1, 208
1,214
1, 216
1,215
1, 214
1, 232
1, 244
1, 249
1,251
1, 255
1, 257
1,260
4,656 || 4,392
4,536 ! 4,792
5, 324
5,255
5,412
5, 314
153. 8
109.4
58.4
47.1
70.4
69.6
95.3
97.03
95. 90
80.19
81.65
85.11
92 57
91 47
100.1
106.1
108.7
108. 9
101. 0
105. 6
109. 2
113.0
114.1
118. 7
124.2
96.16
97. 22
97. 28
96.69
97.38
97. 63
98.19
98. 81
99. 27
99. 41
100. 55
1*10. TU
m. i
New
capital
issues
Aver- Interest
age
rates,
divicomdend
mercial
per
paper
share
(4-6
(600
com- months)
panies)
Thous.
of dollars Dollars
3.03
264,626
2.73
373, 669
1.96
144, 995
1.21
124,686
1.11
57,150
1.27
139, 350
1.41
221, 206
115,253
106,739
129, 527
176, 672
111,571
217, 270
102, 769
216, 510
178, 989
173, 694
156, 399
28(5, 4S0
1.42
1.45
1.46
1.47
1.50
1.51
1.58
1.64
1.67
1.70
1.98
2.03
Percent
254-3
334-4
IH-I3A
3
/4
3
/4
3
/4
%
3
/4
SURVEY OF CURRENT BUSINESS
February 1937
9
Foreign Trade
imports and exports increased contraseasonally
BOTH
in December, notwithstanding the restrictive in-
being primarily the result of increased exports of finished
manufactures. Exports of these products were valued
fluences of the maritime tie-up on the Pacific coast. at $158,000,000 more than in 1935, a gain of 16 percent.
Exports increased 2 percent in value while imports were In terms of quantity, finished manufactures exports
24 percent higher. The merchandise import balance were up 15 percent. Semimanufactures increased 13
for the month amounted to $14,582,000, reducing the percent in value and 6 percent in quantity.
export balance for the year to $34,250,000, compared
Exports of machinery, including electrical apparatus
with $235,380,000 in 1935. In November, the first and agricultural implements, increased by $70,000,000
month of the labor dispute affecting west coast shipping, for the year; automobiles, including parts, were up
trade in both directions receded sharply. However, the $13,000,000; metals and manufactures, $39,000,000;
December seasonally adjusted index of exports advanced nonmetallic minerals, $23,000,000; wood and paper,
to 57 (1923-25=100), or to the same figure as in Octo- $8,000,000; manufactures of textiles, $10,500,000; and
ber, while the adjusted index of imports rose to 76, the chemicals and related products, $10,000,000.
highest figure for any month in more than 6 years.
Imports were 19 percent larger in value and 10
Exports of fruit, canned fish, and lumber, which are percent in quantity in 1936 than in 1935. Advances in
shipped in large quantities from Pacific coast ports, import prices were particularly important in the raw
declined approximately $19,000,000 in value in Novem- material group, but average prices for each of the major
ber and December 1936, in comparison with the same classes of imports were higher than in 1935.
months of 1935 and raw cotton exports, which also
A factor in the marked increase in the value was the
were affected by the west coast situation, declined expansion in our quantity purchases of wines, liquors,
$45,000,000. The sum of these two differences is larger and wheat for milling. Imports of meats and dairy
than the decline in the aggregate value of all agricultural products increased considerably while those of feed
exports for the year, in comparison with 1935.
grain and tallow declined in 1936. Competitive agriExports were 7 percent larger in value and 5 percent cultural imports increased about 8 percent in aggregate
larger in quantity in 1936 than in 1935, both increases value, or much less than in 1935.
EXPORTS AND IMPORTS
Year and month
Imports 2
Exports of United States merchandise
Indexes
Value Value
of
of
total total
eximports, ports,
adadjusted i justed i
Exports,
including
reexports
Finished
manufactures
Crude
materials
Total
Total
Baw
cotton
Food- Semistuffs, mantotal ufactures
Monthly aver- !
ape, 1923-25=100 |
Total
AutomoMa- biles,
chin- parts
ery
and
accessories
Total
Finished
manufactures
Crude Food- Semimanmaterials stuffs ufactures
Millions of dollars
i
1929: December.
1932: December.
1933: December.
1934: December.
1935: December.
1936:
January
February,..
March.
April
May
June
July
August
SeptemberOctober
November-.
December,
Yearly totals:
1929
1930
1931
1932
1933
1934
1935
11*36
1
106
33
48
42
58
97
30
42
41
58
426.6
131.6
192.6
170.7
223. 5
420.6
129.0
189.8
168.4
220.9
51
53
51
53
56
55
54
51
55
57
52
57
57
60
55
58
58
62
65
62
70
04
61
78
198.0
181.8
194.8
192. 6
200.7
184. 9
179.8
178.3
220.1
264. 7
225. 8
229, 7
195.1
179.2
192.1
189.4
196.9
180. 6
176. 4
175. 6
217.5
262.0
223.3
226.6
115
3 113
3 79
3 54
3 34
•>S4
3 53
*35
3 37
347
3,50
3 54
Adjusted for seasonal variations.
119132—37
2
5, 241.0
3, 843. 2
2, 424. 3
1,611.0
337 ! 1,675.0
3 4 3 2, 132.8
3 53 !2. 282. 9
3 63 12,151.3
2
126. 0
52. 2
73. 1
54. 5
82. 7
90.6
39.0
44.3
35.0
56.8
58.7
16.0
24.3
15.7
19.7
54.4
15.7
28.5
30.3
31.7
181.4
45.0
63.9
67.9
86.8
49.2
9.7
15.8
19.1
22.5
25.8
5.1
9.3
12.4
19.7
309.8
97.1
133.5
126.2
179.8
eg 8
100.4
82.2
67.4
35.7
26.6
26.3
22.8
22.9
19.7
10.8
12.4
38.2
58. 4
47.0
40.2
15. 9
14.8
16.8
14.2
15.9
14.5
15.0
19.7
23.3
24.9
13.7
13.1
28.6
28.3
32.1
33.8
35.1
34.1
33.3
32.3
31.9
36.7
32.8
34.9
90.8
86.1
98.7
101.0
103. 2
92.7
97.7
85. 5
89.5
100.0
94.6
111.2
25.5
24.6
27.9
30.7
29.6
26.0
29.3
25.2
27.3
31.8
26.4
30.8
22.1
22.1
24.0
23.0
22.5
19.1
16.9
12.4
12.5
15.8
21.2
28.8
186.4
189. 6
194.3
199.8 ..
18S.4 j
193.6
196.5
200.1
218.4
213.2
200.4
239.8
5,157.1 1,142. 4
3, 781. 2
829.1
2, 378.0
566. 8
1, 576. 2
513.7
590.6
1, 647. 2
652. 8
2,100.1
683.0
2, 243.1
668.0
2,414.7
770.8
496.8
325. 7
345. 2
398.2
372.8
390.9
361.0
753.9
541.2
373.9
241.5
203.0
226. 7
216.0
201.9
729.0
512.8
317.6
196. 7
237.0
341.8
349.9
393. 9
2, 531. 8
1, 898.1
1,119. 7
624. 2
616. 6
878. 8
994. 3
1, 150.9
606.8
515.5
316. 8
131.7
132. 5
218. 4
265.4
335.1
1
so!
44. 5
40. 4
42. 6
39. 3
30. 4
38. 1
General imports through December 1933; imports for consumption thereafter.
541.
279.
148.
76.
90.
190.
227.
240.
4, 399.4
3,060. 9
2,090. 6
1, 322. 8
1, 449. 6
1, 636. 0
2, 038. 9
2,420.5
115,6
28.7
36.2
28.8
55.5
65.6
28.2
42.4
47.7
44.8
57.8
16.7
27.2
21.1
43.0
70.7
23.4
27.7
28.6
30. 4
58.4
58.6
57.7
62.1
55.1
54.6
56.0
01.7
69.4
62.8
61.2
75.4
55.3
60.3
63.6
65.7
55.8
59.0
59.3
56.3
64.2
61.3
58.3
73. 3
39.7
40.1
36, 1
37. 6
3S. 5
43. 1
42.7
40.8
40.8
40.5
40.6
*9.0
33.0
30.6
36.8
34.4
39.1
37.0
38.6
41.4
43. 9
48.6
40.2
42. 2
1, 558. S
1,002. 2
642.2
358. 3
418.2
460.6
582. 4
733. 0
962.2
693.6
527.1
400. 9
417.2
517.9
641.2
732.2
885.1
608. 2
372. 0
217. 0
292. 0
307. 3
409. 7
489.4
993. 5
757.0
549.3
340. 6
322.2
350. 2
405. 6
465.8
3 Monthly average of unadjusted indexes.
10
SUEVEY OF CUREENT BUSINESS
February 1937
Real Estate and Construction
T
HE construction industry is entering 1937 with
relatively favorable prospects but with activity at
perhaps two-thirds, or less, of the predepression average. This industry is subject to long-term cyclical
fluctuations of considerable magnitude, and the present
upturn in private building activity dates back only to
1935. Basic conditions governing the volume of new
construction, such as rental rates and property values,
vacancies, foreclosures, consumer income, industrial
demands, availability of capital, and interest rates are
generally conducive to the extension of the upturn which
progressed with increasing momentum during the past
year. Construction costs are still relatively high,
having advanced further in the past year.
Total construction contracts awarded in the 37
States east of the Rocky Mountains, as reported by
the F. W. Dodge Corporation, amounted to $2,675,000,000 in 1936, an increase of 45 percent over the total
for 1935. Privately financed contracts amounted to
$1,341,000,000, or 60 percent more than in 1935. The
trend of private operations was upward throughout the
year, the recession in contracts let in the final quarter,
for example, being much less than usually experienced
at this period. Publicly financed work, which reached
a peak in December 1935, continued in large volume
throughout 1936, but the relative gain of 33 percent in
such contracts was smaller than for private work.
As in 1935, the largest proportional gain in contracts
let was in residential construction which increased by
about two-thirds. While contracts for one- and twofamily dwellings made up about three-fifths of the total
in 1936, the percentage increases in the value of apartment contracts and contracts for housing developments
were larger than the relative increase for the small-type
dwelling.
The percentage increase in nonresidential contracts
in 1936 in comparison with the 1935 figures, was not so
large as that for residential buildings; the increase for
factory buildings alone was relatively much larger.
With operations in many lines of industry approaching
practical capacity, with modernization needs becoming
more and more apparent, and with sharply rising corporation profits, this upward movement in industrial
construction is likely to be extended. A number of
important expansion plans of leading corporations have
recently been announced, including a $60,000,000 expenditure by one of the major steel corporations.
Rapidly mounting output of electric power is another
factor calculated to bring about a further expansion in
the construction of industrial equipment. While there
was a large percentage gain in contracts let for public
utility work in 1936, the total awards were only 39
percent of the 1929 figure, whereas the actual needs at
the present time are probably no less than in that year.
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Building-material shipments
Construction contracts awarded
Federal
Reserve
index
adjusted i
Year and month
Monthly
average,
1923-25=
100
1929: December
1932: December
1933: December.
1934: December
1935: December
1936:
January
February
March
April
May
_
June
JulyAugust
September .
October
November. __
_
..
December
Monthly average:
1929
1930
1931.
1932
1933
1934
1935
1936
1
2
AH types of
construction
Residential
building
MilNum- MilMilber of lions of lions of lions
of
proj- dollars square dollars
feet
ects
Public
utilities
Public
works
Millions of
dollars
Com- Lum- Oak
Cemon
ber flooring ment
brick
Thousands
Mills,
of ft.
b . m.
Thous.
of ft.
b. m.
ConLoans outstanding
Realstrucestate
tion Federal
forecosts, savings
Home
cloEng.
and HomeOwners'
sures
loan
News- loan
Loan
(nonRec- associa- banks Corp. * farm)
ord 2 tions *
Month-
Thou- ly avsands of erage,
barrels 1913=
Thousands of dollars
100
102
28
57
31
67
7,281
4,205
7,677
5, 770
8,249
316
81
207
93
264
17.8
3.4
5.9
4.0
11.9
114.1
13.0
23.9
14.6
45.1
28.1
6.5
34.0
12.9
18.1
37.3
36.9
99.2
37.2
76.4
61
52
47
47
46
52
59
62
59
57
58
61
7,724
6,442
10, 514
13, 338
13, 242
13, 352
13, 890
12, 912
12, 056
12, 966
11, 269
9,605
205
142
199
235
216
233
295
275
234
226
208
200
10.3
9.1
15.6
19.7
20.5
20.6
20.5
24.4
21.2
21.6
20.0
19.0
37.4
31.2
55.2
67.2
70.3
73.6
72.0
100.5
80.7
79.7
68.4
65.5
17.9
11.9
18.1
23.8
12.8
9.3
27.5
17.9
15.7
14.2
18.0
19.1
58.9 56, 471
36.3 44, 736
44.2 109, 641
49.7 154, 473
50.8 171,418
71.1 172,892
99.1 170,135
76.4 172, 748
68.8 173, 723
52.9 189,104
55.8 162, 490
42.1
117
92
63
28
25
32
37
55
14,348
11,272
9,184
6,344
7,101
7,711
9, 458
11, 443
479
377
258
113
105
129
154
222
32.3
19.2
15.9
6.1
6.1
5.4
11.3
18.5
159.6
91.8
67.6
23. 3
20.8
20.7
39.9
66.8
43.7
58.4
24.6
6.3
8.6
10.5
9.3
17.2
77.9
80.3
73.0
42.9
41.6
52.1
48.2
58.8
48,188
73, 586
358, 795
3
79. 908
>] 43,439
1,114
1,331
23,137
4,327
6,417
6,964
19, 497
5,951
2,835
3, 738
3,104
4,514
209.5
158.5
192.1
201.9
194.9
838
85,442
69, 734 86,658
315, 683 102, 795
105, 920
2,196, 988
2, 940, 029
1,569
1,467
1,688
1,932
1,821
1,846
1,914
1,867
1,963
2,169
1, 6(18
1,757
20, 395
23, 081
28, 479
29, 483
28, 579
31,617
30,123
30, 408
33. 432
33, 935
29, 988
35,878
3,889
3,156
7,138
9,089
11,121
12,417
11, 766
12, 560
12, 564
13, 089
8,962
6,246
199.5
201.2
201.2
202.2
203.4
204.6
204.4
208.1
208.1
211.5
212.7
220.7
329,643
330,154
366,405
390,810
404, 722
442, 027
465,682
497,852
505, 574
532,064
531.C78
543,271
2, 984,438
3,014,423
3,040,137
3, 060, 029
3,083, 312
3,092, 871
2,920,739
2, 897,367
2, 869, 660
2, 883, 503
2, 801, 827
2,765,098
1,281
1, 510
1,800
37, 058
24, 985
21, 423
10, 342
10,077
8, 880
16, 578
29,617
14,120
13, 229
10, 539
6,715
5,341
6,326
6,245
9, 333
207.0
202.9
181.4
157.0
170.2
198.1
195. 2
206.5
Based on 3-month moving average of values and adjusted for seasonal variation.
Index is as of 1st of month; Jan. 1, 1937, 223.5.
102, 745
102,887
103,354
105,969
110, 922
118, 580
122,094
125, 211
129, 752
134,929
137, 250
145,394
3 11 months' average.
4
See footnote marked * on p. 25.
Monthly average,
1934=
100
106.6
88.2
78.9
77.6
83.2
83.9
82.6
81.7
82.7
78.3
85.7
77.8
75.1
84.4
100.0
99.4
81.0
11
SURVEY OF CURRENT BUSINESS
February 1937
Transportation
URING the early part of the year the volume of
D
freight carried by the railroads was lower than in
December. On a daily average basis, loadings through
the 23d were down about 5 percent from the December
figure, with only one class (ore) showing an increase.
This change indicates a recession in the adjusted index
for the month, since the seasonal correction factors for
December and January are identical.
Carloadings declined in December by less than the
estimated seasonal change. Loadings were 20 percent
larger than in the corresponding month a year ago and,
after seasonal correction, were only 7 percent below the
1930 average. The index of miscellaneous freight loadings advanced 13 points to 107 (1923-25 = 100), this
being the first time since 1930 that loadings of any one
of the eight classes of freight have exceeded the average
in the base period.
Anticipating a continuation of the favorable trend of
operations in the opening months of the year, the
Regional Shippers' Advisory Boards have estimated
that freight-car requirements for the current quarter
will be 9 percent above actual loadings for the first
quarter of 1936. Of the 29 commodities listed, only
6 are expected to require fewer cars this year than last.
These latter are all agricultural products. The increase
in actual loadings during January approximated this
estimated percentage gain for the quarter.
Gross revenues of the railroads in December apparently recorded a small gain over November, which had
2 less working days. On the basis of reports of roads
which in 1935 accounted for four-fifths of all operating
revenues, the December gross was about 23 percent
higher than in the corresponding month of 1935. For
the full year 1936, gross revenues were approximately
$4,044,000,000, a gain of 17 percent over 1935, and net
operating income was about $660,000,000, an increase
of 35 percent. Net income, after fixed and contingent
charges, approached $150,000,000.
The volume of railroad traffic has now reached a
point where the demands for new equipment are more
insistent; in fact, the prospects of increased traffic for
the current year have already made it necessary for the
roads to place large orders for new rolling stock.
January orders for freight cars were unusually large,
increasing the already heavy backlog of the equipment
manufacturers.
Two major factors influencing the immediate financial
outlook of the carriers in 1937 are the alteration of the
rate structure on January 1, by reason of the elimination of the emergency freight charges, and the plans of the
railroad brotherhoods to request a 20-percent increase
in wages. The Interstate Commerce Commission is at
present holding hearings on the railroads' petition for
an upward revision of the permanent rate structure.
RAIL AND WATER TRAFFIC
Freight-car loadings
F. R. index
Year and month
Unad- Adjusted* justed^
Total
Pullman
Freight- pascar
senGrain
MerMisCoal Forest
and Live- chan- Ore cel- surplus gers
and prodcarstock dise
lacoke ucts prodried
ucts
1. c. 1.
neous
Monthly average, 1923-25 =
100
1929:
1932:
1933:
1934:
1935:
December..
December..
DecemberDecember..
December-
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average:
1929
1930
3931
1932
1933
1934
1935
1936
1
2
Operating
revenues
Canal traffic
Net rail- Sault New
way op- Ste. York Panama 3
erating
income Marie State
Thousands of
dollars
Thousands of Thous.
of long
short tons
tons
102
58
63
64
71
834.6
484.0
521.9
526.4
580.6
200.9
131.7
125.8
135.1
138.8
45.5
12.3
17.7
18.3
25.9
39.9
25.1
25.9
25.4
27.3
25.4
15.7
15.3
16.4
12.8
227.1
151.7
150.6
145.1
146.4
8.2
1.8
3.0
3.0
6.4
287.5
145.7
183.6
182.8
223.0
447
647
463
392
271
2,731
1,248
1,333
1,371
1,409
243, 347
245, 347
257, 508
296, 225
32,305
37, 726
39, 226
46,040
482
215
172
300
440
0
0
0
0
0
1,219
587
922
885
852
70
70
66
69
70
70
73
70
72
73
80
588.3
627.0
604.7
636.2
670.4
696.8
706.4
740.2
765. 3
819.1
753.4
693.9
156.0
192.1
112.5
118.2
119.6
114.9
117.2
129.7
142.4
168.7
167.4
167.4
26.0
26.9
30.5
30.3
32.3
34.7
32.7
36.1
34.7
35.7
34.0
33.0
30.2
30.2
34.0
30.6
31.1
34.9
52.9
43.3
31.8
32.2
32.8
33.5
13.1
10.6
11.9
12.4
12.3
11.8
12.9
15.4
18.2
21.9
19.2
14.8
141.4
146.0
155. 6
161.8
158.9
162.2
157.0
165.6
165.8
171.2
162.7
158.1
5.6
5.7
6.0
8.9
215.9
215.6
254.2
274.0
278.7
287.9
281.3
295.2
315.9
336.7
308.9
1,533
1,359
1,312
1,353
1,295
1,430
1,516
1,565
1,519
1, 469
1,351
299,099
300, 459
308, 304
313,410
320,966
330,692
349,744
350, 585
357, 207
391,457
358, 548
35, 765
33, 595
35, 206
41, 548
41,842
50,313
61,774
64,681
70,166
89, 851
72,411
0
0
0
37
8,710
9,835
10,951
10, 699
11,041
10, 789
7,094
373
0
0
0
228
568
616
738
605
821
722
717
279.7
231
171
205
179
185
170
147
146
125
112
121
133
775
813
981
1,023
940
989
976
1,058
1,054
962
485
214
1,015.9
882.3
714.4
541.9
561.9
593.2
605.8
693.5
187.1
161. 8
131.1
107.0
115.2
124.4
124. 7
143.0
62.5
45.6
28.3
17.3
21.2
22.1
26.6
32.3
46.1
43.6
38.9
31.8
31.9
31.7
30.3
34.7
27.3
24.7
22.3
18.3
17.1
20.7
13.7
14.6
254. 0
234.6
210.6
174.4
162.4
158.5
155. 4
159.0
395.1
340.0
266.4
189.1
199.8
220.6
235.1
278.9
235
467
615
692
509
363
279
160
5 2,791
s 2, 471
51,937
51,318
5 1,126
51, 249
51, 279
51, 427
523, 588 104,358 ^11,578 M i l
72, 397 6 9,112 6 515
440,116
43, 895 6 5, 577 6 532
349,025
260, 578 27,199 6 2, 560 6 520
39, 522 6 5,038 6 582
257,962
272, 631 38,807 6 5, 281 6 592
287, 529 41,408 6 6, 037 6 641
6 8, 691 6 716
1,237
1,100
864
628
824
962
857
856
106
92
75
50
58
62
63
72
Adjusted for number of working days.
Adjusted for seasonal variation.
Thousands
Thousands of cars 4
Financial statistics, class I
railways
3
American vessels, both directions.
* Average weekly basis.
37.4
50.5
52.3
54.9
56.4
52.8
28.3
8.3
43.9
32.0
16.8
4.0
14.3
15.3
19.9
31.1
5
6
11 months' average.
See the 1936 Supplement for explanation of monthly averages of these series.
12
SURVEY OF CURRENT BUSINESS
February 1937
Automobiles and Rubber
in the automobile industry has
PRODUCTION
slackened during January as the labor dispute
involving the General Motors Corporation gradually
tied up assembly plants. Toward the close of the
month relatively few cars were being assembled by
this company. For the first 2 weeks of the month the
other two major producers turned out cars at a high
rate, but the Chrysler assembly lines were on a 4-day
basis in the week ended January 23, owing to the
shortage of plate glass. The flat-glass strike has been
settled, but it will probably take some time to get production under wa} again at a rate justified by present
and prospective business.
The result of these labor disputes has been to reduce
sharply the output of cars in the latter half of January,
and final production figures for the month are expected
to show a large reduction in comparison with the
December results. While some seasonal slackening
might have been experienced this month if production
had been based on market demands, the seasonal factor actually was of no importance as dealers were
anxious to secure as large a supply of cars as possible
before manufacturers would be forced to suspend deliveries. Consequently, cars went forward at a high
rate from the manufacturers that were unaffected by
the labor disputes, or affected to only a minor degree.
Retail sales for the month will no doubt make a more
favorable comparison with the December results than
will the production totals, since practically all dealers
were able to make deliveries either from current receipts from manufacturers or from the stocks acquired
in December. The situation with regard to field
stocks of new cars was decidedly spotty toward the
close of the month.
December factory sales of automobiles were the
largest on record for this month and brought total
output for 1936 to 4,455,000 units, a figure exceeded
only once before—in 1929. Production of commercial
cars alone was the highest on record. This large
volume of production meant higher wage payments
and sharply enhanced profits for the manufacturers,
as well as general improvement in the operating conditions of retail sales organizations. Total expenditures by consumers on new passenger cars during the
year was 25 percent larger than in 1935; they were,
however, 27 percent below those of 1929.
Output in the tire-manufacturing industry has been
maintained at a high level, with prices being advanced
6 percent in mid-January. The curtailment of automobile assemblies has reduced the demand for originalequipment tires, and the situation in this indust^
will naturally have considerable influence on the trend
of tire shipments. The January price advance, the
third in less than a year, followed a sharp rise in the
crude-rubber market as a result of the tightening of
supplies and continuing high consumption. Total
world stocks of crude rubber have been reduced very
materially in the past year or more.
AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports
Automobile production
Canada
United States
Year and
month
F. R.
index,
Total
adjusted 2
Monthly av.,
192325=100
1929:
1932:
1933:
1934:
1935:
1936:
December
December
December
December
December
January
February
March
April
May
June
July
August
September
October
November
December
M o n t h l y average:
1929
1930. .
1931
I
1932
|
1933
|
1934
1935
1938
1
Passenger
cars
Trucks
Total
Thousands
65
60
45
88
107
120
107
81
154
405
92
86
51
111
343
108
93
107
122
117
118
124
111
107
93 j
105
122
364
288
421
503
461
453
441
271
135 !
225 i
395
499
298
344
417
386
76
372
210
91
191
341
428
tires i
New
New
UnadcomAdPassenger cars Trucks |passen- mercial justed s justed '
Monthlv average,
1929-31=100
Number
27.513 !
21,204 I
29,776 I
42,563
61,506
Pneumatic
Registrations
5, 495
2,139
3,190
2, 694
13,789
13,831
2, 757
3,066
8, 279
17, 736
10,910
2, 221
6, 460
7,141
10, 276
138, 732
45, 683
58, 624
75, 514
237,194
23, 242
9 522
15^ 580
24, 070
39,258
13, 302
13, 268
15, 021
24,951
20,006
16, 400
10,475
4, 660
4, 655
5,361
10, 812
15, 867
16, 046
18,921
17,723
17,727
14, 987
12,714
8,323
4. 564
9, S94
20, 032
2i,788
9.787
9, 913
9,999
8, 330
10.848
9,055
9,811
7, 405
6, 375
6, 826
7, 396
10,501
215, 782
176, 668
301,272
397,190
392, 750
309, 423
357, 490
262,912
208,896
171,319
223, 560
317,000
43,760 I
40,301
51,817 I
57,000 I
62,183 !
56,000 j
20,411
m\
54, 611
41,207
30, 222
41, 500
Crude rubber
DoDoWorld
mestic
Pro- mestic
stocks,
Imconduc- shipend
of
tion ments sump- ports month
tion,
totali
Long tons
Thousands
65. 1
19.3
17.3
27 7
5o! 6
113.0
34.0
30.5
49.0
106. 5
3,103
1,993
3,087
3,778
4, 051
69. 3
65. 5
117.8
142. 3
138. 6
139. 3
117.3
92.9
71.0
56.5
113.1
ISO. S
102.0
89.5
101. 0
93.5
93.5
109. 5
104. 5
92.0
83.0
85.5
151.0
175. 5
3! 638
4, 854
4, 971
5, 610
5, 465
5, 014
4,981
5,125
4, 969
3,106
1,765
3, 414
3,012
4,087
23, 410
18,015
29, 005
36, 581
42, 657
43, 232
32,016
40, 751
18,171
39,812
371, 425
629, 898
654,890
705,975
613,987
4,579 j 3,802
3,142
3.784
4,836
5,752
5, 711
5, 678
4,911
3, 768
4,012
4,162
48, 506
36, 746
42,703
51, 897
50, 482
52, 636
48,127
46, 657
46, 330
49, 509
50, 303
49, 626
33, 921
34, 339
34, 874
45, 830
37, 050
38,273
39, 943
41, 788
50,033
40, 965
38,414
51,382
600, 479
599, 355
574, 594
558,583
533,411
511,931
510,873
492, 439
485, 488
478,190
458, 637
454,000
4
21,941
144.1
6. 060 4 5, 852 38, 950 48, 984 306, 541
28 287
16, 397 323, 354 43, 885
4
93.0
4, 444 44 4, 417 31,333 40, 544 438,005
12, 849
12! 756
7, 043 218,832
34,194
4
62.9
4, 226 4,174 29,167 41,816
552, 254
6, 885
4,021
159,013
6, 871
26,150
4
35.5
3, 481 44 3, 425 27,667 34, 556 609, 502
5,068
2,080
91,367
3, 453
15, 034
4
3,
603
43.3
3,
845
33,417
34,908
3,626 124, 483 20, 489
630,171
5,488
5, 376
4
57.6
3,950 44 3,864 37, 791 38, 552 677,395
9,738
12, 096
7,727 157, 393 33, 057
4
4,028
83.8
4,119
38,911
666, 730
14, 473
40,961
14,411
8,257
42, 557
4
4, 798 4 4, 505 47, 794 40, 559 521, 498
15,132
8, 854 282, 855 50,127
104.9
13, 527
2
4
Data are raised to industry totals; see note in the 1936 Supplement. Adjusted for seasonal variation. 3 Adjusted for number of working days. 11 months, average.
135
85
60
35
48
69
99
112
447
280
199
114
160
229
329
371
382
232
164
95
131
181
271
306
64,
47,
34,
19,
28,
47,
57,
64,
252
603
721
599
879
933
891
873
13
SURVEY OF CURRENT BUSINESS
February 1937
Forest Products
A
CTIVITY in the lumber industry experienced a 8 percent, respectively, and exports were 6 percent of
expansion during the past year. Pro- the total.
Employment and pay rolls in the lumber and allied
duction of all types of lumber combined increased 26
percent over the cut for the preceding year, while ship- products industries during December registered a less
ments and orders received were 24 and 27 percent higher than seasonal decline from November. Employment
respectively. In the final 2 months of the year pro- at 68 percent of the 1923-25 average was 10 percent
duction was curtailed by the maritime strike on the higher than in December 1935. Pay rolls declined
West Coast, but the volume of orders did not experience fractionally, but increased wage payments were rea corresponding shrinkage. Lumber stocks increased ported for the furniture and mill work divisions.
during the year. The National Lumber ManufacProduction of paper registered a marked pick-up
turers' Association reports that stocks are not excessive during 1936. Beginning with January, when operations
in view of the current demand and the outlook for the were 76.1 percent of normal, activity recorded proyear 1937.
gressive increases until the peak for the year was reached
Total consumption of lumber for 1936 is estimated in November. Although a slight decline occurred
by the association, on the basis of preliminary data, during December, a further advance is indicated by the
at 22% billion feet. This figure exceeds the consump- weekly data for January 1937. Operations in papertion of 1935 by 23 percent, and that of 1932, the lowest board mills during the year also moved progressively
point of the depression, by 71 percent. The following higher, with a peak of 82 percent of capacity reached
percentage increases in 1936 over 1935 in the consump- in October. By December activity had receded to 73
tion of lumber, by major groups, are taken from the percent of capacity, which was about one-fifth above
association's preliminary report: Building and con- the December 1935 figure.
struction, 33 percent; railroad consumption, 18 per- Production of newsprint paper in the United States
cent ; boxes and crates, and fabricating, 8 percent each ; and Canada showed an increase in December over the
and exports, 5 percent.
previous month and December 1935. For the full year
About five-eighths of the total consumption in 1936 1936 the production of both countries was the largest
was utilized in building and construction and slightly since 1929. Increased shipments from Canadian mills
more than one-eighth was used for boxes and crates. reduced stocks in that country to the lowest point since
Fabricating and railroads accounted for 10 percent and June 1929.
L marked
FOREST PRODUCTS STATISTICS
Lumber production
Total
Year and month
Total
softwoods
Southern
pine
California
redwood
West
coast
woods
Furniture industry
Carloadings of Factory
forest
Plant
Facemprodoperaploytory
ucts,
tions,
ment,
pay
adall disadrolls
justed i justed
tricts
i
192J: December
1932: December
1933: December
1934: December
1935: December
1936:
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average:
1929
1930
1931
1932
1933
1934
1935
1936
1
904
.,422
801
1,215
430
317
460
490
353
587
865
891
896
055
990
978
156
649
677
1,201
1,138
1, 343
1, 613
1, 638
1, 623
1,773
1, 706
1,694
1,875
1,397
1,428
510
540
550
545
590
585
595
625
615
625
074
171
377
903
225
291
463
2,484
1,777
1,154
729
992
1,061
1,214
1,541
370
373
437
560
Adjusted for seasonal variation.
272
462
461
521
666
559
513 I
594
515
516 |
679
336
Hi
42
30
40
44
46
48 I
17
47
48
51
57
87
64
40
24
29
31
37
45
357
397
530
2
Total
Book
paper,
uncoated
Newsprint
Paper
board
Wrapping
paper
Consumption
by
publishers
Percent
Monthlv average,
1923-25 = 100
Millions of feet, board measure
Newsprint
Paper production
of
normal
104
55
64
63
73
105. 2
31.2
39.7
45.4
57.8
39.0
34.0
39.0
59. 0
74
73
74
75
70
79
81
82
81
84
86
51. 3
53.8
55.1
55. 6
50 1
58. 7
59. 9
68. 4
71.1
76.9
77.6
78.1
60.0
58. 0
58. 0
59.0
59.0
65. 0
08. 0
74.0
81.0
80.0
85.0
82.1
112
89
74
57
61
62
70
78
114.0
80.7
59.2
34.6
35.9
41.5
52.0
63.6
47.0
36.0
39.0
35.0
50.0
70.0
See note marked " V on p. 52.
Short tons
623,119
717, 604
74, 427
91, 075
819, 300
753,581
776, 471
867,931
798.000
797, 826
846, 434
833. 038
843, 417
981,819
863, 555
101, 223
96, 068
101, 669
107, 533
97, 369
86, 676
89, 210
93,988
95, 793
103,417
98,939
112,689
3 678,029
3 767,927
" 834, 676
117,790
79, 899
80, 895 170,337
79, 777 205, 518
75, 869 243,594
79, 336
72, 249
76, 500
76, 504
75, 719
79.820
73; 361
74, 338
72, 200
81, 070
79,853
80,048
116. 023
106, 864
96, 453
84, 049
78, 865
80,117
78,951
90, 254 76, 033
98, 715 76, 751
3
120,246
131, 544
271,210 180, 822
271. 107 130,719
2S5, 257 132, Sfc'7
295, 81(9 165,537
289. 527 140,120
288, 082 144,615
299,033 103,5S8
319,391 147,142
328, 519 150, 952
359,819 195,874
321, 624 150,195
328,773
242,728
236, 642 3124,
473
274, 505 33142, 670
304,906 153,496
11 months' average.
194, 907
132, 761
148, 427
165,490
186, 514
161,185
182,213
183,974
183, 399
227,210
178,3U0
170,884
168, 289
175,811
203,198
223,813
198,264
190, 244
176, 501
164,142
141, 326
136, 744
159, 447
170,425
188, 054
14
SURVEY OF CURRENT BUSINESS
February 1937
Iron and Steel
ACTIVITY in the iron and steel industry continued
-^*- at a high rate into the new year. Production of
steel ingots during December fell off moderately on a
daily average basis, but the seasonally corrected index
rose 5 points to 147 (1923-25 = 100) and shipments of
finished products went forward at an accelerated rate
during the month. This relatively high rate of shipments in December was influenced by the volume of
deliveries made against orders placed before the recent
price advances became effective, but the trade journals
report that subsequent bookings have been large and
such observations would appear to be confirmed by the
advance in ingot output subsequent to the holiday
period. In the week ended January 30 production was
curtailed by the Ohio Valley flood.
Takings of steel by the automobile industry (which
accounted for one-fifth of the finished steel consumption in 1936) have been reduced during January by the
decline in automobile assemblies. However, with the
broadening of the demand for steel products in the past
year manufacturers are less dependent on the automobile industry than they were in 1935. The railroads
and machinery manufacturers are two sources of considerably increased tonnage at the present time; the
percentage of finished steel going to these industries
rose from 11 percent in 1935 to 16 percent in 1936. The
building industry accounted for about 12.5 percent of
the total, against 11.7 percent in 1935, on the basis of
the Iron Age compilations. The industries taking pro-
portionately less of the finished steel output in 1936
(other than the automobile industry) included: Agriculture, metal containers, and the oil, gas, and mining
industries.
The volume of orders in some of the major steel-consuming industries increased in December, but the
advance in the index of machine tool orders was outstanding. Orders for machine tools had not previously
been so large, even in the period of rehabilitation after
the war. The Machine Tool Builders' Association
reports that the rise was general, touching at least
three-fourths of the companies reporting, and traces it
to the following influences: (1) Rising prices of tools in
line with mounting costs of production; (2) slow deliveries due to the volume of orders on hand; and (3)
deferred replacements and attempts to reduce production costs through the utilization of the most modern
equipment available. The rise in machine tool business
since early 1933 has been much greater than the expansion
experienced after the 1921 depression; in both the 192021 and 1929-32 declines machine tool business fell to
approximately one-fifth of the 17-year average 1919-35,
but the recovery following 1921 carried the index to only
three-fourths of this average whereas in 1936 the index
was more than one-third above the 17-year average.
Further price advances on various finished steel products have been made recently and scrap prices have
advanced the price to the highest level in more than
10 years.
IRON AND STEEL STATISTICS
General operations
Year and month
EmPay
Produc- ploytion, ment, rolls, Ex- Imadunad- ports ports
adjusted 2 justed^ justeds
Monthly average,
1923-25 = 100 ~
1929:
1932:
1933:
1934:
1935:
1936:
December
December
December
December
December
Iron and
steel
Pig Iron
Steel ingots
Production
Furnaces
in
blast
Thousands of long
tons
Number
sands
of long
tons
Production
Percent
of
capacity
Thou-
95
28
60
65
103
98.2
54.4
73.3
73. 4
84.4
96.1
26.5
46. 3
50. 4
73.1
215
54
185
283
239
48
29
31
20
54
2, 837
546
1,182
1,028
2,106
157
42
75
69
120
2, 903
861
1, 799
1,964
3,073
January
February
March
April
May
June
July
August
September
October
November
86
83
S3
100
105
113
119
121
119
127
138
143
85. 1
83.4
84.0
85. 8
87.7
89.4
92.3
94.1
95.6
97.1
98. 1
99.4
63. 7
69. 4
74.4
78.6
81.9
83. 6
80.8
86.0
86. 2
92. 1
94.4
101.0
242
214
264
302
315
295
297
295
236
262
203
244
50 | 2,026
43
1, 824
57
2,040
49
2, 404
59
2,648
60
2,586
48
2, 594
61
2. 712
60
2, 730
65
2, 992
62
2, 947
52
3,115
117
120
126
144
146
145
146
148
155
161
164
170
1929
1930
1931
1932
1933
1934
1935
1936
130
94
60
31
53
60
79
111
102.6
89. 2
69.7
56.5
64.6
75.7
79.9
91.0
107.8
85.7
55.0
30.4
39.0
52.0
63.6
83.1
253
165
81
50
112
234
255
264
62
45
35
32
35
26
39
56
203
148
88
52
71
82
102
145
December
Monthly average:
1
Black, blue, galvanized, and full finished.
3,524
2,617
1,523
724
1,101
1,326
1,751
2, 552
United
Prices
States
Steel
CorpoSteel
ration, Iron billets,
Steel FinNew Ship- finished and rerollscrap ished
or- ments prod- steel,
steel,
«ng (Chi- comucts,
com- (Pittsders
cago) posite
ship- posite burgh)
ments
Steel sheets
Thousands of
short tons
12.50
5.25
8.94
10.31
13.35
2.50
2.14
2.31
2.44
2.43
207 721,414
176 676.315
210 783, 552
252 979. 907
210 984', 097
204 886, 065
213 950, 851
197 923, 703
204 961, 803
224 1,007,417
212 I 882,643
244 1,067,365
33. 34
33. 48
33. 21
33. 10
32.92
32.79
33. 49
33.88
34. 15
34. 63
34. 65
35.15
29.00
29.00
28. 20
28. 00
28. 00
28. 00
30. 00
30. 00
30. 40
32. 00
32.00
32.40
13. 38
14.19
14.75
14.34
12.88
12. 85
13. 38
15.19
16. 15
16.25
16. 50
17.15
2.43
2.43
2.37
2.36
2.36
2.36
2.43
2.43
2.41
2.46
2. 46
2.52
321
218
158
91
125
149
194
213
36.09
33. 37
30. 90
29.05
29. 25
32.15
32.65
33.73
34. 64
31. 81
29.35
26.52
26.00
27.12
27.26
29.75
14. 79
12.06
8.89
6.25
8.08
10.12
11.47
14.79
2.54
2.32
2. 20
2. 15
2.16
2.42
2.44
2.41
3,046
2, 964
3, 343
3, 942
4, 046
3, 985
3, 923
4, 195
4,161
4, 545
4, 337
4,432
175
138
252
190
192
261
193
208
256
223
294
337
4,526
3,274
2,099
1,110
1,883
2,133
2, 785
3,910
317
223
150
88
125
153
206
227
3
Dollars
per 100
pounds
34. 60
26.00
26.00
27.00
29.00
179
67
112
142
195
2 With adjustment for seasonal variation.
Dollars per long ton
35. 43
28. 28
31. 01
32. 39
33. 31
110
193
203
59
15
33
36
56
Long
tons
227, 576
600,639 ji
418, 630
661,515
968, 691
639, 729
331,172
483, 770
492,164
612, 296
902, 094
Without adjustment for seasonal variation.
15
SUKVEY OF CUREENT BUSINESS
February 1937
Textile Industries
T
EXTILE-MILL activity advanced rapidly in the
last quarter of 1936. It was at the highest level
on record in December and currently there is no evidence of any let-down. All fibers, with the exception
of silk, were consumed in sharply increased quantities
during December, and prices of both fibers and fabrics
rose steadily. Data are not available to determine the
extent to which stocks of producers and distributors
may have increased as a result of the high rate of production and rising prices. In the rayon industry, where
manufacturers' stock data are available, there has been
no increase in the amount of stock held by producers.
Production of textiles usually declines in December,
but according to the Federal Reserve index, which is
composed of basic data on the cotton, wool, and silk
industries, output in December was 5 percent above
November. This lifted the seasonally adjusted production index to 140 (1923-25 = 100) as compared with
121 in November and 111 in December 1935. The
December-November gain was one of the sharpest ever
recorded by this index which has been available since
the beginning of 1923.
In the rayon industry, December deliveries by manufacturers recorded a marked gain although deliveries
were below the record high level of last August when
stock contributed an important part of the total. Mill
operations have been at full capacity. Producers7
stocks, which have been falling steadily since last
spring, amounted to only about 3 days' supply by the
end of the year, figuring on the basis of average shipments during the past 12 months. Total output of
rayon yarn and staple fiber in 1936 recorded a gain of
about 10 percent over 1935. Domestic consumption
of rayon in 1936 was approximately 25 percent above
that of 1935, the difference between this gain and that
reported for production being accounted for by an
increase in imports, and the decline in producers' stocks.
Both woolen and cotton mills recorded sharp contraseasonal gains in output during December. Wool consumption was about 16 percent larger than in November on a daily average basis, and exceeded by a small
margin the previous record high which was set in October
1935. For the year, output of the wool industry, as
indicated by the consumption figures and machinery
operations data, was only slightly lower than in 1935.
Cotton consumption in December was about 4 per
cent above that of November on a daily average basis
and equaled the previous peak recorded in June 1933.
After seasonal adjustment, consumption exceeded the
1933 peak by a small margin. According to the
weekly figures, a high rate of consumption was maintained during the first half of January.
TEXTILE STATISTICS
Cotton,
raw
Year and month
ProducMill
tion index, ad- conjusted i sumption
Monthly average,
1923-25 =
100
1929: December
1932: December—_.
1933: December
1934: December___
1935: December,_ .
1936:
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average:
1929
1930
1931
1932
1933
1934
1935
1936
.
1
Running
bales
Silk
Wool manufactures
Rayon
WholeWholesale
sale
price,
price,
Wholewoolen
ConSpinDelivraw,
sale
and
dle acto Japaprice, sumption 2
worsted eries
tivity, Plain
mills nese,
Worgoods
Wooltotal bleach- Print cotton
Nar13-15
goods
Broad
sted
en
goods
(New
ed
York)
Spinning
spindles
Cotton cloth,
finishing
Millions of
spindle
hours
Thousands of
yards
97
111
452, 685
440, 439
347, 524
417, 344
499, 773
6,768
6, 386
5, 080
6, 014 98, 650
6,804 101,160
105
102
100
100
100
107
115
120
120
114
121
140
590, 484
515,977
550, 641
576, 762
530,894
555, 449
607, 058
574, 289
629, 727
646,499
626, 695
692,921
7,709
6, 735
7. 254
7, 313
6, S96
7, 320
7, 855
7,573
8,088
8, 328
7,997
8,679
97, 435
92, 807
107, 893
104, 837
105, 062
104, 630
101, 904
104, 6G7
107, 708
121,419
105,188
123,991
115
91
94
83
97
85
104
112
587,491
448,149
453,655
418, 084
517, 550
451, 595
470, 889
591, 450
8,325
6,390
6,484
5,855
7,215
6,307
6,334
7, 646
Adjusted for seasonal variations.
Wool
Cotton manufactures
111,530
115, 469
106, 462
Monthly average,
1926=
100
Thousands
of
pounds
Looms
Percent of active hours
to total reported
Monthly average,
1926=
100
Deliveries
from mills
Un- Adad- u s t just- jed
i
ed
Thou-
94,972
104, 702
23, 200
21,900
20,900
27,100
35,184
61
55
54
71
92
57
57
46
65
74
53
33
27
26
42
85.2
54.2
84.3
74.0
81.0
44,159
40, 548
26, 959
40, 941
35, 559
4. 580
1. 550
1.430
1.372
1.958
382
324
488
473
281
449
381
574
557
100, 528
91, 860
95. 274
91,074
89, 518
90, 338
91, 273
91,157
86, 514
88, 890
83, 760
99,882
80.4
78.1
77.1
76 2
75.5
75.4
78.7
79.5
80.0
82.0
85. 5
90.3
38, 345
32, 023
27, 633
29, 346
24, 333
27, 302
33, 963
31, 627
30, 639
37, 760
33, 990
39,504
95
96
85
82
87
87
90
97
88
90
96
111
62
68
59
60
57
57
59
68
65
74
83
96
48
44
38
36
34
38
36
43
41
46
42
52
81.4
82.8
83.8
82.2
82. 2
82^6
82.0
81. 2
80.9
80.5
84.3
90.5
38, 995
32, 053
38, 000
34,564
32, 087
31,437
36, 658
42, 016
45, 709
43, 093
40, 401
1. 950
1.784
1. 733
1.682
1. 600
1.597
1.714
1.791
1.698
1. 756
1. 935
1.968
477
517
422
433
428
498
614
633
537
504
538
557
487
454
399
416
446
623
808
586
387
475
611
657
30, 700
21, 900
25,900
19,200
28, 500
19, 200
33, 535
32,039
78
56
57
50
72
67
90
92
67
54
62
50 |
64
39
71
67 1
61
41
38
100,641
96, 856
90,922
98.8
84.7
66.1
54.0
71.2
86. 5
83.4
79.9
88. 3
79.0
68.2
57.7
69.3
79.7
76.1
82.9
51, 646
48,519
49, 574
46,152
39,119
38, 476
41, 429
37, 887
4.933
3. 415
2.401
1. 561
1. 612
1. 298
1. 633
1.768
277
244
317
293
385
353
446
513
2
Scoured basis, total; see note marked "?" on p. 54.
Production
Bales Dollars
Daily
sands
of 133
per
average,
of dozpounds pound 1923-25-100
96.2
51.7
85. 5
84. 3
86.0
41
31
32
41
Hosiery
311 months' average.
6,177
8, 001
8, 918
lfl,099
9 252
9' 832
10, 201
9,270
9, 479
9,983
10,111
10, 828
11,566
10, 716
3 8,716
9, 328
10, 122
3
3
16
SURVEY OF CURRENT BUSINESS
February 1937
Trend of Private Long-Term Debts, 1912-35
By Donald G. Horton and Frederick M. Gone, Division of Economic Research
ACCORDING to preliminary estimates, the volume of
-£*- the private long-term debts in the United States
covered by the investigation of the Bureau of Foreign
and Domestic Commerce declined 13 percent from 1930
to 1935, that is, from a high of 84,500 million dollars in
1930 to 73,500 million at the end of 1935.x The major
part of this reduction resulted from the forced liquidation of real-estate mortgages which were contracted
during the preceding decade, but there was a reduction
in each of the major economic divisions with the
exception of the electric light and power and the manuBILLIONS OF
DOLLARS
URBAN REAL ESTATE
MORTGAGE
FARM MORTGAGE
PUBLIC
UTILITY
Figure 1.—Estimated private long-term debt, by major classes.
factured gas industries. Interest payable on the
private long-term obligations investigated reached a
high of 4,882 million dollars in 1930 but declined by
more than 17 percent to 4,035 millions by 1935.
The following article constitutes a brief digest of the
more important results of a study of the long-term
debts in the United States recently completed b}^ the
Division of Economic Research of the United States
Department of Commerce, supplemented by preliminary estimates for a more recent date than those for
which data were available at the time the original
report went to press.2 For a comprehensive discussion
i The figures presented in this article are not offered as accurate measures of the debt
aggregates. For some of the items, notably the urban mortgage debt, the margin of
error is considerable and much of this bias may be carried into the aggregates. However, the probable margin of error in the totals for the later years is no more than 2 or
3 percent. -Also, as noted in the discussion of concepts, certain items have been
omitted because of the impossibility of securing accurate data.
It is believed that whatever inaccuracies exist in the data will exert a consistent bias
from one period to another, and so have no important influence on the indicated trend.
* Copies of Long-Term Debts in the United States may be secured from the Superintendent of Documents, Government Printing Office. Washington, D. C , or from any
district office of the U.S. Department of Commerce. The price is 20 cents.
of the concepts involved in these estimates and for
detailed information with regard to each item, the reader
is referred to the original publication.
The debt aggregates presented in this article consist,
in the main, of those obligations maturing a year or
more from the original date of issue. Debt held in the
treasury of the issuing corporation is excluded, but it
was deemed advisable and in certain instances found
necessary to include all other debt held within a corporate system. In addition to these qualifications, it
should be stated that the debt totals do not include
either the debts of financial corporations or the longterm debts of individuals and unincorporated business
enterprises which are not secured by real-estate mortgages. This latter omission results from the paucity of
information which precludes the estimation of the
probable amount. The former classification, however,
is omitted because this type of debt is largely secured by
bonds or mortgages already represented in the aggregates, and to this extent is nominal in character.
Growth of Long-Term Debts, 1912-30.
The aggregate amounts of private long-term debt, as
measured in the study, increased by about 20 billion
dollars in the 10-year period ended in 1922, and by more
than 33 billions in the following 8 years. In each
period the increase in mortgage 3 debt accounted for
two-thirds of the increase in the total debt, with the
result that this type of debt rose from 35 percent of the
total in 1912 to 54 percent in 1930. The rise in mortgage debt during the earlier period was attributable in
large part to the rapid growth in farm mortgages
accompanying agriculture's w^ar-time prosperity, whereas during the later 1920's there was no appreciable
increase in the volume of farm mortgages. But the
high level of activity in residential building in the years
1923 to 1928 formed the basis for a very rapid growth in
the volume of urban mortgages and was largely instrumental in sustaining an average annual increase of
almost 5 billion dollars in the aggregate long-term debt
during these 6 years. This compares with an average
increase of 2 billion dollars a year for the period 1912 to
1922. The increases in the debt total for the years 1929
and 1930 were relatively small because of the sharp
decline in residential construction after 1928. The
decline in other forms of construction was accelerated
during 1931 and the same year witnessed a sharp
3
The term "mortgage debt" has here a somewhat limited connotation, being
exclusive of a sizable volume of mortgages on industrial property which are commonly
classified as industrial debt. In fact, most corporate bonds are secured by mortgages
on the property of the debtor corporation and so might be loosely classified as mortgage debt. Bat in this study the common practice has been followed of defining as
mortgage debt all such debt not owed by railway, utility, or industrial corporations.
17
SURVEY OF CURKENT BUSINESS
February 1937
of that year. By virtue of the fact that the holdings
of nonfarm mortgages by banks, life-insurance companies, and building and loan associations declined
during 1931 for the first time since the turn of the
Depression Changes in the Long-Term Debt.
century, the estimate of 37,234 million dollars for nonThe information relating to urban real-estate mortfarm mortgages in 1930 may safely be said to represent
gages is not sufficiently reliable to justify an annual
the highest year-end value ever reached by this type
estimate of the volume of such mortgages during the
of debt. Each year following 1931 witnessed a further
depression years and, therefore, in the original publidecline in the volume of urban mortgages until at the
cation the aggregate private long-term debt was estiend of 1934 it stood at 30,424 millions. For 1935 the
mated only for the years 1930 and 1934; in this article Home Owners' Loan Corporation's preliminary estithe 1935 figure is tentative. It may be stated with mate of the volume of urban-home mortgages alone is
confidence, however, that after attaining a maximum 17,110 million dollars, 3/<S percent below its 1934
of 84.5 billion dollars in 1930, the aggregate declined estimate of 17,740 millions. If proper weight is given
in each of the next 5 years; at the end of 1935 it prob- to the fact that the drop in the volume of home mortably approximated 73.5 billions.
gages from 1930 to 1934 was relatively greater than
increase in the number of real-estate foreclosures, so
that the aggregate long-term debt experienced its first
decline in 1931.
Table 1.—Private Long-Term Debts, 1912-35 (End of Year)
[Billions of dollars]
Class of debt
Railway
Public utility
Industrial
Farm mortgage-..
Nonfarm home mortgage
Other urban real-estate debt
1912
10 7
5.3
4 5
3.8
} ,0
31.3
Total
PERCENTAGE DISTRIBUTION
100
1922
1930
11 9 i 13 4
8.4
14.0
10.8
6.8
9.1
8.9
15.2 /{ 22.3
14.9
51.2
84.5
1934
1935
i 13.4
2 14.8
2 8.5
7.8
17.7
12. 7
i 13. 3
2 14.8
2 8.1
3 7.8
4 17. 1
4
12.4
74.9
73.5
m
—n
URBAN REAL ESTATE
MORTGAGE
FARM MORTGAGE
1
Includes the items "funded debt actually outstanding", "receivers' certificates",
and "funded debt matured unpaid" as reported to the Interstate Commerce Commission.
2 Preliminary estimates from sample data. Subject to revision on publication of
"Statistics
of Income" by the Bureau of Internal Revenue.
3
Assumed no change from 1934.
4
The basis for these estimates is given in the text.
For most of the economic divisions year-to-year
estimates are possible, and these show widely varying
trends in recent years. From data published by the
Interstate Commerce Commission it has been calculated that the long-term debt of the steam railways
increased from 13,033 million dollars in 1929 to 13,409
millions in 1930, reached a maximum of 13,506 millions
in 1933, and thereafter declined slightly to 13,251 millions in 1935. The public utility debt rose from 12,943
million dollars in 1929 to a maximum of 15,108 millions
in 1932, and then declined irregularly to approximately
14,800 million dollars in 1935. On the other hand, the
growth in the industrial debt came to an end early in
the depression; from a maximum of 10,800 million
dollars in 1930 it declined steadily until by the end of
1935 it approximated the relatively low figure of 8,150
millions.
The drop in farm mortgages antedated the depression, official estimates of the Bureau of Agricultural
Economics indicating a maximum value of 9.5 billion
dollars for about the end of 1927 and a steady decline
to 8.5 billions by the end of 1932. An unofficial estimate for 1934 places the volume of farm mortgages at
7,770 million dollars, and a recession during 1935 of 25
million dollars in the farm-mortgage holdings of banks,
life-insurance companies, and Government-lending
agencies suggests a somewhat lower figure for the end
119182—37
3
PUBLIC
UTILITY
Figure 2.—Percentage distribution of estimated private long-term debt,
by major classes.
that in other types of urban mortgages, the 1935
decline in the latter may be set at about 2}{ percent,
and the volume of nonfarm mortgages for the end of
1935 at 29.5 billion dollars.
Ownership of Evidences of Debt.
Banks, life-insurance companies, and trust institutions constitute the most important sources of longterm credit, the first two holding 28,463 million dollars
of long-term obligations, or more than 35 percent of
the aggregate in 1932. Actually, bank holdings are
somewhat understated because the banks report their
assets at their market value which in 1932, at least,
was considerably below their face value. It is not
possible to be so definite with regard to the holdings
of trust institutions. The total assets of such institutions are believed to exceed considerably those of lifeinsurance companies, but a sizable proportion of such
assets are known to be in the form of stock. In
particular instances special agencies are important
factors in long-term financing. Thus, in 1932 building
and loan associations had 6,390 million dollars invested
18
SURVEY OF CURRENT BUSINESS
in urban mortgages and the Federal land banks had
1,106 millions in farm mortgages. Railways, other than
the issuing corporations, held over 1 billion dollars of
railway bonds and public-utility and industrial corporations held about 1,400 millions of one another's longterm obligations.
Table 2.—Private Long-Term Debt Held by Banks and Life-Insurance
Companies, 1932 and 1935
[Millions of dollars]
Life-insurance companies
Banks '
Type of debt
1932
1935 2
1932
1935
Hallway
Public utility
industrial 3
Farm mortgage
Urban mortgage
2,621
1,517
950
970
9,850
2,300
1,450
775
566
8,237
3,110
1,793
250
1, 850
5, 562
3,027
2,163
400
1,071
4,303
Total
15, 908
13, 328
12, 565
10, 969
1
2
3
Figures are for June 30.
Tentative estimates.
Exclusive of industrial mortgages which are here necessarily classified as urban
mortgages.
The changes that have taken place in the holdings of
these institutional investors in recent years have been
most significant in the case of mortgage debt. B}r the
end of 1935, life-insurance holdings of farm mortgages
had declined by 42 percent and bank holdings by 41
percent, while the credit agencies of the Federal Government had become the farmers' principal creditor,
holding 2,854 millions in farm mortgages. Urban
mortgages showed similar though less drastic movements. In the 3 fiscal years following 1932, bank and
life-insurance company holdings of urban mortgages
were reduced by 16 and 23 percent, respectively.
These declines are explained in part by increases of
970 and 1,080 million dollars in real-estate holdings during this period and in part by the refinancing activities
of the Home Owners' Loan Corporation which, as of
December 31, 1935, had nearly 3 billion dollars invested
in home mortgages. Throughout the depression,
life-insurance companies as a whole continued to invest
a larger portion of their assets in utility bonds. Otherwise there were no marked changes in the holdings of
corporate bonds. Despite these shifts, banks and
life-insurance companies held about 33 percent of the
aggregate debt in 1935.
Interest Payable on Long-Term Debts, 1912-35.
The concept of "interest payable" as developed in
this study is intended neither as a measure of the cost
of capital, i. e., the "yield" on bonds or mortgages, nor
of the volume of interest payments, but merely to
indicate the amount of interest on long-term debt, the
payment of which is called for by the debt contracts
and the default of which will, under ordinary conditions,
result in receivership or foreclosure. An interest total
of this kind is useful principally to the extent that it
gives an idea of the degree of rigidity in the national
February 1937
economy resulting from the existence of a large volume
of long-term obligations bearing a fixed rate of interest;
consequently, it is necessary to exclude such contingent
items as amortization of debt discount and expense.
Relative to changes in the aggregate volume of debt,
interest charges rose more rapidly during the 10 years
1912-22 and declined more rapidly during the years
1930-35, reflecting the rising interest rates of the war
period and the easy money conditions of the later years
of the depression. During the period of post-war
prosperity there was a steady decline in interest rates
on bonds and mortgages, but the relatively rapid
growth in the volume of mortgages bearing a high rate
of interest maintained the ratio of interest charges to
debt at a constant figure. During the depression this
situation was reversed with the result that the ratio
dropped markedly, particularly in the period since 1933
which has been characterized by the refinancing of
mortgages by Government agencies and later by the
refunding of corporate bonds, especially those of publicutility corporations. The refunding of over a billion
dollars in utility bonds during 1935 will result in an
annual saving of about $12,000,000 to the companies
involved. There was relatively little refunding by other
types of corporations in 1935, but in 1936 the practice
became general, and the annual savings effected by the
refunding operations of these 2 years may be tentatively placed above 50 million dollars. Actually most
of the refunded bonds were called at a substantial
premium so that it will be several years before the
transactions will yield a net saving.
Table 3.—Estimated Annual Interest Payable on Private Lon&-Term Debts,
1912-35
[Millions of dollars]
Type of debt
Railway
Public utility
Industrial
Farm mortgage
Home mortgage
Other urban real-estate mortgage.
Total.
1934
1935 i
429
264
245
232
558
448
414
568
G19
726
601
545
1,450
941
615
750
471
400
1, 135
786
610
740
450
390
1,079
766
1,590
2,976
4,882
4,157
4, 035
i Preliminary.
The space available for this article does not permit
the discussion of other topics treated in "Long-Term
Debts in the United States." Relief measures, defaults,
and readjustments in connection with private debts, and
also the subject of variations in the age of outstanding
indebtedness, have been covered in some detail in the
original report. The study was concerned primarily
with private debts, but for the sake of completeness
there was included a brief discussion of the indebtedness
of the Federal Government and a somewhat more
adequate consideration of State and local government
debts. Those interested in any of these topics should
consult the original publication.
February 1937
19
SURVEY OF CURRENT BUSINESS
Table 5.—PURCHASING POWER OF THE DOLLAR (COST OF LIVING) x
[Monthly average, 1923-25=100]
1914
Month
January
February
March
April
May
June
July
August
September
October
November
December
1915
1916
1917
1918
1919
166.7
1920
99.3
104. 0
Monthly average.._
86.1
1921
1922
1923
1924
1925
103. 1
103. 3
105.2
104.9
104
104.5
104.6
105. 5
105.2
104. 5
104.0
104.0
104. 0
104. 3
103.1
103.0
102.0
102.1
101.1
101. 2
100.3
100.2
99.5
99.9
100.0
100. 3
100.6
100.9
101.0
100.7
101.0
100. 6
100.5
99.9
99.7
99. 5
98.
99.5
99.5
99.7
99.3
98.2
97.4
97.5
97.8
97.2
95.8
99. 4 104.4 101.7 100.4
98.0
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
97.2
97.5
98.3
98.9
98.4
98.1
97.8
97.8
98.
99.
99.
99.
99.
98.
100.
100.
100.
100.
99.
100.
100.2
101.1
101.1
101.4
101.2
101.6
101.4
101.3
100.4
100.8
101.0
101.6
101.
102.
102.
102.
102.
102.
101.
100.
100.
100.
100.
101.
102.0
102. 8
103.2
103.0
103.6
104. 3
106.2
107.0
106.0
106. 6
107.9
109.5
111.1
112.9
113.6
114.5
116.0
117.4
117.5
117.6
118.1
119.3
120.8
122.2
124.
126.6
127.1
128. 2
129.9
131.1
131.2
132.3
132.8
133.9
134. 6
135.9
137.9
140.8
141.6
141.8
140.6
139.1
134.4
131.6
130.0
130.4
130.7
131.4
130. 9
129.
129.0
129.2
128. 7
128.4
128.2
127.6
125. 9
126.3
126. 4
126.6
125. c
124.1
124.1
122.9
123.2
123. 2
123.5
123.5
123.0
122.5
122.0
121.2
121.2
121.8
122.2
122.0
121.4
119.5
119.3
118.8
118.3
118.6
118.5
118.1
97.5
99.
96.2
96.
97.0
96.8
101.1 101.6 105.2 116.7 130.5 135.9 128.0 123.2 119.9
1
Computed by the XI. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing reciprocals of the National Industrial Conference Board's revised
cost-of-living data converted to a 1923-25 base. The Board's revised cost-of-living index, together with a brief note of explanation, was published in the December 1936 issue
of the Survey of Current Business, p. 19.
Table 6.—PURCHASING POWER OF THE DOLLAR (RETAIL FOOD PRICES) l
[Monthly average, 1923-25=100]
Month
January
February
March..
April
.
_. ._ _ _.
...
_
. . . . ___
May
June
July
August
September
October __ _
November
December
..
__.
__.
Monthly average
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
104. 7
106 2
105.7
104.1
103. 4
102 4
99.6
101.0
100.0
99.9
99.5
100.5
101.6
102.4
104.5
105.8
105.3
104 4
104.2
104.6
102. 9
101.9
101.2
100.7
98.8
i.ao. 3
100.0
100.3
99.1
96 0
92.6
92.7
94.2
92.6
88.8
90.0
93. 8
95.9
97.3
97.2
94.6
92 0
96.9
98.1
96.7
95.2
95.4
95.6
96.6
98.3
98.0
97.3
95.9
97 6
98.0
97.1
94.9
95.6
95.9
96.9
97.4
97.8
98.6
99.2
97.7
96.4
93.9
92.5
92.6
92.9
93.7
94.6
95.6
96.7
98.0
96.8
97.5
98.8
102.6
103.5
101. 7
102.2
105.0
108.7
112. 1
116.3
117.5
119.2
121.1
124 1
123.9
123.6
124.1
125.2
127.9
131.2
137.4
141.8
141.4
142.2
146.0
147 9
146.4
149.0
149.9
150.8
152.4
154.6
159.7
166.4
167.2
166.4
160.0
154.1
140.8
138. 9
139.1
139.9
141.2
144.5
141.8
137.9
137.4
138.7
137.0
136 1
135.9
134.6
129.7
131.8
133.2
134.2
129. 0
125.5
125.6
123. 2
122.9
122 7
124.7
125. 6
124.8
124.2
122.7
122.0
122 4
124.1
125.8
125.5
125.2
119 3
119.0
119.0
118.6
120.8
121.2
120.6
102 1
103.2
95.2
89.8
91.0
91.7
89. 4
90.3
91.8
94. 6
96.0
94.2
93.2
92. 2
92.5
92 2
95.7
90.8
95.5
100.4
121.8
146.4
150. 6
135.0
124.4
121.8
1936
1
Computed by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent a revision of the data on this subject that were previously
shown in the Survey of Current Business. The change was made necessary by the revision of the original series by the U. S. Department of Labor. These basic data are
present in table no. 9, p. 20, of this issue.
Table 7.—WHOLESALE PRICES OF DOUGLAS FIR COMMON BOARDS AND DOUGLAS
FIR FLOORING1
IDollars per M ft. b. m.J
Month
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
Dougias Fir Common Boards
J anuary
February
March
April
May
June
July
A ugust
.Sap tern ber
October
No vein ber
Decein ber
Monthly average...
.
$13,230
13. 230
12. 141
11. 936
14. 097
16. 132
16. 170
18. 783
19. 110
19.110
19. 110
19. 110
$19. 110
19.110
20. 634
21.070
21. 070
21. 070
19. 267
18. 130
18. 375
19. 110
19. 110
19. 110
16. 013
19. 597
$18. 997 $19. 110 $15. 190 $16. 013 $13. 230 $18. 130 $17. 150 $13. 720 $11,760
18.130 18. 471 15. 574 15. 680 15. 680 18. 130 17.150 13. 720 10. 658
18.130 18. 130 16. 678 15. 825 16. 1L6 18. 130 17.150 13. 720 9. 996
17. 640 J7. 602 17.150 16.170 16. 170 18. 130 17. 150 13.079
9.800
17. 150 16. 915 16. 836 16. 170 16.641 18.130 15. 718 12. 387
9.016
17.150 16. 660 16. 660 16.170 17. 075 18. 130 15. 190 11. 270
8.820
16. 245 16. 943 16. 660 16. 170 17. 150 18. 130 14. 081 11. 270
8.820
15. 529 16. 849 16. 660 16.170 17. 150 18. 130 14. 135 11. 270
8.820
17. 013 16. 170 16. 660 16. 170 17. 885 18. 130 13. 230 11.642
8.820
16. 243 16. 170 16. 660 16. 170 18. 130 17. 749 13.412 11. 760
8.820
16. 170 16. J70 16. 170 16. 170 18. 130 17. 464 13. 577 11. 760
8.820
8.820
17. 527 15. 680 16. 170 15. 642 18.130 17. 150 13. 287 11. 760
17.160
17. 072
16. 422
10. 043
16. 791
17. 961
15. 152
12. 280
$8. 820 $18. 326 $15. 680
8.698 18. 620 15. 680
8.820 18. 620 15. 680
8.310 18. 375 16. 072
9.702 17. 640 16. 660
i2. 250 17. 640 16. 060
14. 210 16. 856 17. 248
14.210 15. 680 18.130
14. 945 15. 680 18. 130
15. 680 15. 680 17. 542
17. 518 15. 680 17. 150
18.130 15. 680 17. 444
9. 395 12. 646
17. 046
$18. 130
18. 498
18. 620
19. 600
19. 845
20. 090
20. 090
19. 845
19. 502
19. 600
19. 600
20. 286
16. 836
19. 487
$33. 659 $24. 500 $20. 776 $36. 260 $34. 300
33. 959 23. 030 21. 315 36. 260 34. 300
33. 320 22. 540 21. 070 36. 260 33. 320
30. 380 21. 805 21. 560 36. 260 34. 104
28. 381 20. 776 21. 952 36. 260 35. 280
26. 837 20. 580 26. 215 36. 260 35. 280
26. 309 20. 580 31. 360 35. 084 39. 396
25. 480 20. 580 32.144 33. 320 42.140
26. 264 21. 315 33. 320 33. 320 41. 773
26. 460 21. 560 34.300 33. 320 41. 748
25. 480 21. 560 35. 770 33. 320 42.140
24. 500 21.560 36. 260 33. 320 42. 532
$43,610
43. 978
44. 100
43. 855
43. 120
42. 728
41. 160
40.180
40. 964
41. 160
41. 160
42. 532
Douglas Fir Flooring
January.
February
March
April
$49. 980
49.980
47.802
I 46.060
May
I 47.115
48.020
48. 020
48. 020
48. 020
48. 020
June.
July
August
Sepiein ber
October
No vein ber
1 >ecem ber
Monthly average
48. 020
49. 353
$49. 980 $51. 488 $44. 100 $38. 573
49. 980 48. 020 44.100 38. 604
52. 267 48. 020 44. 100 39. 200
52. 920 47. 040 42. 517 39. 200
52. 920 46. 060 39. 435 38. 573
52. 920 46. 060 39. 200 38. 220
52. 450 44. 251 39. 765 38. 220
50. 960 43. 422 39. 879 38. 220
51. 205 46. 060 40. 611 38. 220
51. 940 44. 245 41. 160 38. 220
51. 940 44. 100 40. 017 36. 260
51. 940 44. 100 39. 200 36. 260
48. 201 51. 785
46. 072
41.174
38.147
$35. 946 $31. 360
35. 280 33. 320
35. 280 33. 320
35. 280 33. 320
35. 280 33. 320
35. 280 35.129
35. 280 36. 299
35. 280 37. 240
35. 280 39. 445
35. 280 40.180
35. 280 40. 180
34. 225 40.180
$40. 180
40. 947
43. 045
43. 120
43. 120
43.120
43. 120
43. 120
42. 385
42. 140
42. 022
41.160
$41. 160
41.160
39. 954
39. 200
36. 335
35. 280
35. 280
34. 489
34.300
34. 300
34.014
32. 320
36. 108
42. 290
36. 566
35. 248
28. 419
21. 673
27. 949
34. 960
38. 063
42. 394
1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent the average monthly wholesale prices of Douglas fir common boards, 1 by 8 inches,
surfaced on 4 sides, random lengths, and Douglas firflooring,! by 4inches,B and better, vertical grain, random lengths. Both prices are f. o.b. mills in theState of Washington.
20
SURVEY OF CURRENT BUSINESS
February 1937
L
Table 8 .—EDIBLE GELATIN
[Thousands of pounds]
Production
Stocks end of the month
Shipments
Month
1930
January
February
March- .
April
May
June
July
August
September
October
November
December
...
___
Total
1931
1
1;
1
1,
1,
1
249
'^71
264
470
^33
098
135
387
550
9^2
1 86'>
171
10 32
188
173
398
264
QS4
801
16 (
395
386
4/b
1 14S
1 342
1
1,
1,
1,
1,261
1, 040
1, 161
1,265
1, 122
912
269
428
1, 027
1. 152
1, 206
1933
1934
1 136
1 050
1, 050
854
847
63?
354
185
437
878
1 268
1930
1936
1935
137 1 ?76 !
133 1 9(H
143 15 318
3 IS
391
l'
850 1,
sou,
98i !
454
667
.
1,
1 19(i l' 417
1, 405 1, 297
1 171
1 087
1, 000
927
904
664
1
lj
1,
1,
•1 ° 7
404
577
*i
1 ?m
1 288
•'~QI
12, 643 11, 397 11, 017 9 273 10 859 12, 031 13, 763
Monthly average...
950
1, 054
918
003
773
1, 147
1931
1 05?
1 °56
1, 068
434
i ' 299
1, 150
L 052
731
734
96936
836
12,
879
1, 072
969
1, 183
1, 09 li
1,015
1 0 )0
919
900
800
768
635
518 11,317
1, 043
943
32
1933
1 108
1935
1934
7 '9
1 036
1, 027
S71
987
837
M0|
1?
7>Ii 1
)] )
(
s ' !
Si
77l
8S7
I
b1>
11
b2o
1 248
627
1
1
1,
l' ' 0 1
1
1 ^ 1
1,
(
1
M
- 3
817
>i
S7f ,
s-.'>
94
842
924
]
'\A
i,
9b >
*8^
1 17)
1932
1033
1934
^n
1935
h 7 y7 7 074 6,241
•?03 6,395
6 W)2 7,
u- 7, 526 6, 480
6,S5i
osi
(>, 612 6,93')
7, 484 6,424
^66 6 317
M "in 6 9 5
t)
6,8, > 7, 6')b () 893 5, 897
j6fi 5 512
'),
5 V4 0,
5 891 5, 039
(,
360
557 4,766
"j
2>~
OSh 1 J> 801
03i
T)9| i o' ) 7 '
1 l1i
1
10 839
1931
1930
r
193G
74M 5 710
5, 880
6,038
6,286
6 301
6, 328
fi 0*1
5, 393
5 042
4 840
5
5 397
6, (;9M
6, 225
6,
6 464
6, 234
(
' 7 )1
196
4 797
6,
4, 656
1
"> 513 5,339 5 081
977 - «s', o IT
(), 612 f), V)2 h, 737
905 5,678 5 521
1S9 1.1, S8S
903
6 297 6,314 6 987 6 510 5,759 5, 686 5 714
1 016 ], 157
i Compiled by the Edible Gelatin Manufacturers' Research Society of America, representing the operations of 7 manufacturers. Data for 11 companies, covering approximately the entire industry, are reported quarterly to the Bureau of the Census; they are shown on p. 44 of this issue. The following percentages represent ratios between
data reported by the 7 manufacturers and those shown in the Census reports for 11 companies: Production—1930, 70.5; 1931, 75.2; 1932, 77.9; 1933, 71.1; 1934, 70.9; 1935, C>~>.H;
stocks, end of year—1930, 76.8; 1931, 76.4; 1932, 74.0; 1933, 68.7; 1934, 72.6; 1935, 09.1.
Table 9.—RETAIL FOOD PRICES
[Monthly avert ge 1923-25=100]
Month
January
February
March
\pril
June
July
August
.
September
October
November
December
1923
__
._-
__
.
-_
- .
-_
_
_____
Monthly average
_
__
_ _
1924
1025
1920
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
95 5
94.2
94.6
96.1
96 7
97.7
100.4
99.0
100. 0
100.1
100 5
99.5
98. 4
97. 7
95. 7
94. 5
95 0
95. 8
96.0
95.6
97.2
98.1
98.8
99. 3
101 2
99.7
100.0
99. 7
100 9
104. 2
10S. 0
107. 9
106. 2
108. 0
112.6
111.1
111.4
109. 9
109. 0
111.8
110 8
108. 9
105. 7
104.2
106. 2
107. 3
108. 5
108. 1
106. 6
101. 3
102.8
102. 9
105 7
108. 7
103. 2
101. 9
103.4
105.0
104.8
104. 6
103. 5
101.7
102. 0
102.8
104 3
102.5
102.0
103. 0
105. 4
104. 6
104. 3
103. 2
102.7
102. 3
101.4
100. 8
102 4
103.7
106. 5
108.1
108.0
107. 6
106. 7
105. 7
104. 6
103. 4
102. 0
103 3
109 6
101. 2
97.5
96.6
98.3
97.8
95. 2
92.1
89.2
86. 0
85.1
83.9
82 6
80.6
80.7
80.9
80.6
79.9
78.2
76.2
72.8
70.5
70.7
70.3
68 5
67.6
68.3
67.1
66.7
66.3
65.6
64.7
62. 6
60.1
59.8
60.1
62 5
64.9
71.0
72.0
71.9
71. 5
70.8
69.2
70.5
72. 5
72.8
72.1
73 0
73.5
73. 6
74.3
77.1
75.9
75.1
74.5
77 5
79. 7
79.6
81.2
81 4
81.5
80.2
79.6
80.1
80.5
81.5
82.0
81 7
80. 6
79.5
79.9
83 8
84 0
84.0
84.0
84.3
82.8
82.5
82. 9
97.9
96.9
105. 0
108. 5
104. 5
103. 3
104. 7
99. 6
82.1
68.3
66.4
74.1
80.4
82.1
Table 10.—RETAIL PRICES OF1PENNSYLVANIA | Table 11.—TOTAL VISIBLE STOCKS OF SILK1
ANTHRACITE
[Bales]
[Dollars per short ton]
Month
1929
January
13. 95
February
14.00
14.01
March
April
_..__ 13. 33
13.19
May
13.41
June
13. 51
July
13. 56
A ugust
13. 77
September
13. 88
October
13. 90
November
13.90
December
Monthly average
13.70
1930
1931 1932
13.92
13. 91
13.91
13. 91
13. 06
13.08
13.33
13. 44
13. 77
13. 82
13. 86
13. 86
13.66
13. 85
13.84
13.85
13.08
13.05
13. 20
13. 48
13.73
13.92
13.97
13. 94
13. 95
13. 66
1933 1934
13. 94
13. 93
12.97
11.82
11.72
12.40
12. 43
12. 42
11.58
11.33
11.38
11.54
11.74
12. 11
12.11
11. 96
12. 04
11. 79
11.81
12.00
12.25
12. 36
12. 41
12. 40
12. 45
1935 I 1936
11. 93
11.92
11.95
11.95
11.94
10. 60
10.12
10.06
10.46
11.20
! 11.62
11.55 1
2
11.81
11. 08 ! 2 11.60
i Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing a revision of the prices shown in the Survey prior to the January 1937
issue. Data here shown are weighted average prices as of the 15th of the month for
Pennsylvania anthracite, white ash chestnut, in 25 cities, whereas the former series
was computed by taking a simple average of the quotations in these cities. The
weights used in the present series are based upon the distribution by rail to each city
during the 12-month period from Aug. 1, 1935, to July 1, 1936' they are given on p. 19
of the
October 1936 Retail Price bulletin of the U. S. Department of Labor.
2
Average of months shown.
Month
January
February.
March __"_
April
Ma
June
July
September..
October
Novei nber..
December- Monthly average
1932
218, 765
236, 178
250. 221
244,678
244, 73S
243, 030
1933
225, 747
212, 859
207, 214
206. 538
199, 725
187, 733
213, 584
234.615
254, 400
272, 025
236, 43. 284, 622
248, 537 282,286
256, 205
235, 370
231, 275
226, 649
207, 959
192, 448
2L1, 177
214,928
217.993
222, 965
234.959 225,1621 231,7
!
1934
279, 320
268, 50:
251, 128
240, 952
229, 031
223,419
238. 039
247, 66,
250, 4 Li
244, 850
241, 322
235, Sr,4
1935
223, 636
206, 347
200, 983
194, 887
180, 462
168,918
172,754
180, 381
185, 180
187, 0'
193.748
209, 941
1936
190,911
179, 380
167, 689
161, 498
150,266
135, 609
145, 439
156. 125
155, 253
157, 500
165, 713
180, 114
245, 709 192,026 162. 125
i
1
Compiled by the Commodity Exchange, Inc , and represents a revision of the data
that were previously sSiown in the Survey. The revision was occasioned by the
inclusion in total visible stocks of raw silk weighed and awaiting shipment in the
ports of Yokohama and Kobe, Japan. Comparable monthly data for the period January 1923 through June 1930 appeared on p. 2U of the July 1936 issue.
February 1937
SURVEY OF CURRENT BUSINESS
21
WEEKLY BUSINESS INDICATORS*
[Weekly average, 1923-25 = 100]
Jan.
23
Business activity:
New York Times*
Business Week*
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)
Farm products (67)
Food (122)
Allother (595)
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolytic{
Cotton, middling:, spot
1937
Jan.
Jan. D e c ! Jan. I Jan. Jan.
26
Jan.
Finance—Continued.
Banking:
Debits, outside N. Y. C.J
103.0
Federal Reserve report in
member banks :$
85.2 85
85. 2: 84.; 84. 1 80. 2 80.2 79. 0 78. 5
Loans, total
71.4
90.3 92.3 90.9 90.4 88. 4| 78.1 78.1 79. 0 76. 7
Interest rates:
86.7 8'
86.7 86.2 85.7 82.7 82.9 80. 9 79. 8
Call loans|
24.2
83.1 83.1 83.0 82.61 82.4 79.0 78.9 77. 9 77. 9
Time loans t
28.6
Money in circulation
130.8
90.2 90.7 90.0 88.8
83. 9 j 83.8 81. 6 81. 1 Production:
92. C 87.0 85.5 82.6 79. 7 65. 21 65. 2 63.8! 63.8
Automob iles
106. 7
47.8 47.8 47.8 47.8 47.8 43.8 43.8 46. 7 46. 3
Bituminous coalj
90.0
Cotton consumption*?
Construction contractsJ
54.9 52.5
42. 6
57.5 48.6
Electric power f
135.5
69.
8
73.0 72.9 61.3 58. 6 61. 0 03. 81 57.9 58. 7
Distribution: Carloadings
Lumber
45. 3
14.4
.26. 1
109. 2 . .
101. 4
Petroleum
153.9
Employment: Detroit, factorySteel ingots§
132.2
Receipts, primary markets:
Finance:
40.0 45.7
42.5 39.; 60.4 59.2 63.6
67. 3
Cattle and calves
73.1
Failures, commercial
Hogs
48.6
118. 1 .18. 1 118.0 17.7
Security prices:
17. 7\ 117.5
1J2.55 108.0[ 107.5
117.5 112.9
112.9 1J2.
66. 9
Cotton.
144. 5 43.8JM2. 1 39.51138. 4|119.l|ll9.2J 88. 2| 87. 5|
Bond prices t
25.0
Wheat
".""""""I".
Stock prices j
C o m p u t e d normal=100.
• Data do not cover calendar weeks in all cases
t Daily average.
& Based on daily average production rather than percent of capacity, since the beginning of 1935.
*' Preliminary.
103.2 105.2 105. G i103.0
92.4 94.1 87. 2
73. 3
78.9 78.9 81.0 82.1 84.0
1937
1936
1935
Jan. Jan. Jan, Dec. Jan. Jan. Jan. J a n .
16
9
2
26
25
18
26
19
Jan.
23
87.9
63.9
98.8 137. 4 122.9 122. 9 85.6
72.3
72.
73.,
73.4
84.1 71.'
78.9
64.4
64.6
64.6
24.2 24. 2 24.2 24.2 18.2 18.2 24 2 24.2
28. 6 28.6 28.6 28.6 22.9 22.9 20! 1 20.1
131. 4
135.1 L37. 3 117.7 118.1
111.0
135.9
43.5
152. 9
130. 5
134.7
43. 1
149.7
130.5
94.1
100. 5
133.7
124. 2
36. 4
.49. 3
130.5
89.5 87.4
67.5 68.7
55.8 68.8
21.2 25.6
100.9 113.3
92.8 80.9
[00. 6
L24* 9 117.4
39.5 52.3
.50. 4 135. 4
.25. 3 85.6
52. 3 74.'
43.7 51.'
83.5
2O'.4| 33'5 27.6
61.0
88. 1
77. 5
96.9 90.0 88. 2
117.0 107.0 lw,.
06. 7.
50. 01 30.9 32 8
136. 1 122.0 121.5
85.6 87.3 82.3
85. 7 71.5 89. 9
62. 1 53.8 53 6
66. 2 46.2 69. 2
33.6
t Weekly average, 1928-30-100.
1 Adjusted for seasonal variation.
WEEKLY BUSINESS STATISTICS
January
23
1937
January January I January
16
9
!
2
December26
January
26
January
19
1IKH
January
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
Cotton, middling, spot, New York
Food index (Bradstreet's)
Iron and steel, composite
Wheat, N o . 2, hard winter (K. C.)
dol. perlb._
do,
do.
dol. per ton__
dol. per bu_.
FINANCE
Banking:
Debits, N e w York City
mills, of dol__
Debits, outside of N e w York City
do_
Federal Reserve b a n k s :
Reserve bank credit, total
do_
Bills bought
do_
Bills discounted
..do
U . S. Government securities
do
M e m b e r bank reserve balances
do
Excess reserves, estimated
do.
Federal Reserve reporting member b a n k s :
Deposits, net demand, adjusted
do.
Deposits, time
do
Investments, total
do
U. S. Government direct obligations
do
Obligations fully guaranteed b y IT. S. Government
mills, of d o L .
Loans, total
do
On securities
do
All other
do
Interest rates, call loans
percent..
Interest rates, time loans
,
do
Exchange rates:
French franc (daily av.)
...cents..
P o u n d sterling (daily av.)
dollars..
Failures, commercial
number._
M o n e y in circulation
mills, of dol__
Security m a r k e t s :
Bond sales (Ar. Y. S. E.) __J,hous. of dol. par v a l u e . .
Bond prices, 40 corporate issues
dollars
Stock sales (N. Y. S. E.)
thous. of shares
Stock prices (N. Y. Times)
dol. per share
Stock prices (Standard Statistics) (419)
1926=100..
Industrial (347)
do
Public utilities (40)
do
Railroads (32)__'_
do
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Cram's estimate)
number..
Bituminous coal (daily av.)
thous. of short tons.
F.lectric power
._mills, of kw.-hr.
Petroleum
thous. of bbl__
Steel ingots (Dow-Jones, est.)
pet. of capacity-Construction-contract awards (da. av.).-thous. of d o l . .
Distribution:
Freight-car loadings, total
cars. _
Coal and coke.
do
Forest products
do
Grain and products
.do
Livestock
do..."
Merchandise, 1. c. 1
do
Ore.
.do
Miscellaneous
.do
Receipts'
Cattle and calves
thousands
Hogs
do
Cotton into sight
thous. of bales..
Wheat at primary markets
..thous. of bu._
0.127
. 130
2.95
36. 57
1.36
0. 120
.130
2.99
36. 55
1.40
0. 118
. 130
2.97
36. 52
1.41
0.114
.130
2.94
36. 48
1.43
0.110
.130
2.92
35.33
1.41
0.105
.128
2.91
35.18
1.37
0.090
.119
2.66
33.38
1.11
0.090
.119
2.69
33.34
1. 12
0.088
. 127
2.67
32.60
LOO
0.088
. 126
2.61
32.62
1.00
0.08!
.114.
2.00
31. 20
4, 618
4,774
4,165
4,581
4.386
5,309
4, 255
4, 750
5,891
5, 698
5, 616
5,434
4,075
3,974
4,080
3,899
3,162
3,321
3,897
3,657
2,906
2,842
2,468
3
2
2,430
6, 755
2,130
2,476
3
2, 464
3
3
2, 430
6, 627
2. 010
2,484
3
5
2, 430
6, 572
1,946
2,542
3
9
2, 430
6, 507
1,881
2,483
3
8
2,430
6,674
2, 046
2,477
5
6
2,430
5,802
3, 030
2,485
5
5
2,430
5,859
3,095
2,463
6
9
2.430
4,501
2,162
2,468
6
17
2, 430
4,388
2,069
2, 631
104
97
2,432
2,851
938
562
053
758
275
15,425
5, 052
13, 768
9, 303
15, 571
5, 067
13, 742
9, 241
15, 574
5, 043
13, 771
9, 290
15,625
5, 031
13, 806
9,310
13, 836
4,892
12. 896
8,651
13, 770
4,898
12, 788
8,576
11,607
4.850
11,462
7,808
11,551
4,823
11,451
7,809
11,668
4,840
8, 659
5,599
1,229
8,923
3,210
5,713
1. 00
1.25
1,240
9,039
3,228
5, 811
1.00
1.25
1, 240
9,085
3,258
5,827
1. 00
1. 25
1,238
9,189
3,326
5,863
1. 00
1.25
1,240
9,170
3,314
5, 856
1.00
1.25
1,239
9,069
3,299
5,770
1.00
1.25
1,162
8.073
3,167
4,906
L00
1,149
8,125
3,193
4,932
.75
1.00
673
8,052
3,155
4,897
1.00
.88
660
8,069
3,176
4, 893
1.00
.88
8,736
3,697
5,039
1.00
1. 13
4. 666
4.91
163
6,351
4. 670
4.91
186
6,383
4. 671
4.91
177
6, 467
4, 671
4.91
173
6, 560
4.671
4. 91
162
6, 668
4. 670
4.91
179
6, 573
6. 620
4.97
246
5,716
6. 620
4.96
241
5,735
6. 553
4.88
259
5,364
6. 572
4.88
274
5,391
6. 241
4.98
315
5,603
74, 780
105. 73
15, 542
140.33
128. 2
149.0
114.2
57.1
92,040
105. 76
17,591
139.63
127.1
147.0
116.4
56.4
96, 600
105. 64
13, 020
138.02
123.5
143.2
111.7
54.6
74, 240
105.40
8,825
135. 48
124.2
144. 5
110.9
54.6
51,960
105. 22
6. 905
134. 44
121.0
140. 9
108. 8
52.0
92, 690
105. 74
12,378
137. 59
123.9
144.0
110.9
54.8
102,120
101.07
12,419
115.63
101.5
115.9
98.7
44.9
114, 750
100. 74
15,555
115. 81
100.9
115.3
97.9
44.7
71,390
96. 70
3,180
85.67
69.4
81.2
57.2
33.8
64,130
96.28
4.405
85.00
68.7
80.1
57.1
34.1
82, 700
88.87
14,380
92.82
79.3
87.7
77.2
48. 8
81,395
1, 533
2.257
Si 205
0 80
8, 810
92,,280
1,
,689
2,264
,185
3,
96, 230
1,737
2,244
3,118
79
71,800
1,712
2,069
3,121
79
6,841
1,580
2, 081
3,133
76
121, 038
1,729
2.275
3,146
81
10, 461
86, 455
1,398
1,956
2,821
52
9,227
95,170
1,446
1,950
2,834
52
7,803
68,409
1,403
1,782
2,542
53
67, 217
1,319
1,778
2, 531
50
3,399
44, 796
1,210
1,611
2. 223
34
5,488
670, 376
166. 971
30, 631
30,101
12,876
158,937
9,022
261, 83S
700, 238
172, 928
31,920
32,135
15,833
161, 279
11,097
275, 046
181,171
29, 909
29, 887
15,141
157, 555
9,718
275, 148
587, 953
141, 681
25, 075
25, 727
11,644
132, 592
8,969
242, 265
562, 218
134, 383
28, 399
24,188
9,861
132, 989
7. 523
224, 875
729, 696
173, 639
35, 731
33, 807
14, 767
164,114
9,201
298, 437
584, 637
157, 222
28,306
29,111
12, 534
144,181
5,281
208, 002
611, 347
149, 412
28, 377
34,669
13,933
149, 016
6,036
229, 904
555, 528
162, 274
17,929
23, 598
13, 799
146,312
3, 443
188,173
562, 826
145, 254
20, 754
25,189
14, 963
151,822
3,836
201,008
563,100
133, 446
20, 687
31, 706
18, 521
161,887
3,192
193, 661
231
315
174
1,992
283
438
145
1,686 i
440
179
2,034
193
295
235
1,619
165
284
263
2, 664
269
527
285
2, 460
236
336
217
2, 196
271
403
172
2,669
226
349
121
1,030
284
348
180
232
701
162
2,411
15, 547
5,050
13,734
9,262
2,430
6, 740
2,103
15,
5,
13,
9,
8,434
• Data do not cover calendar weeks in all cases.
Preliminary.
22
SURVEY OF CURRENT BUSINESS
February 1937
Monthly Business Statistics
The following table represents a continuation of the statistical series published in the 1936 Supplement to
the Survey of Current Business. That volume contains monthly data for the years 1932 to 1935, inclusive, and
monthly averages for earlier years back to 1913 insofar as available; it also provides information as to the sources
of the data and sufficient descriptive material for a proper interpretation of each series. These notes also indicate
the source from which monthly figures prior to 1932 may be obtained. It is essential that all users of the SURVEY
have this base book which may be secured from the Superintendent of Documents, Government Printing Office,
Washington, D. C , for 35 cents per copy.
A few series have been added or revised since the 1936 Supplement went to press. These are indicated by
an asterisk (*) for the added series and by a dagger (f) for the revised series. A brief footnote accompanying
each of these series provides a reference to the source where the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variation. Data subsequent to December will be found in the Weekly Supplement to the SURVEY.
1935
Monthly statistics through December 1935, 1936
;ogether with explanatory notes and references
;o the source of the data may be found in the Decem- DecemJanuary Febru1936 Supplement to the Survey.
ber
ber
ary
1936
March
April
June
May
July
August SeptemOctober November
ber
BUSINESS INDEXES
BUSINESS ACTIVITY (Annalist)
Combined index
computed normal=100.
Automobile production
do
Boot and shoe production.
do—_
Car loadings, freight
_do.__
Cement production
do___
Cotton consumption
do...
Electric power production
_do._.
Lead production
.do...
Lumber production
do._.
Pig iron production
do.__
Rayon consumption
do.__
Silk consumption
do _. _
Steel ingot production
do._Wool consumption
do...
Zinc production
do...
108.3
100.6
94.1
117. 6
112.3
91.0
63.3
112.4
98.3
79.7
75.3
80.8
105.3
70.2
95.6
86.2
81.7
95.8
112.6
113.2
93.1
66.2
105. 4
100. 0
82.6
82.8
85.7
104. 5
6S.6
91.3
89.3
84.3
97.6
112.5
105. 7
92.3
62.6
118.8
99.7
84.7
82.7
91.3
129.8
70.3
97.0
108.4
88.0
102.3
118.9
127.5
95.1
64.2
141.5
102.1
87.3
84.6
95.5
145. 4
77.2
100.3
112.9
102.5
107.3
126.7
93.0
71.8
133.3
104.9
71.3
86.6
100.0
126.7
83.2
108.9
112.1
83.4
102.8
91.7
130.8
94. 7
69.9
137.2
104.8
70.9
87.7
107.5
100.3
87.2
108.9
112.1
81.1
103
105
149
70
85
235
111
108
178
113
105
105
142
87
82
231
114
103
179
121
104
105
134
92
87
196
113
98
181
130
105
105
128
91
90
198
111
112
182
124
106
106
82
99
87
226
118
127
186
119
107
107
42
100
90
236
118
129
189
122
111
110
65
99
95
241
124
122
192
118
115
115
127
90
104
164
127
' 111
180
126
102
132
89
40
70
103
140
94
65
118
1.57
114
126
153
' 115
87
178
57
150
106
93
109
110
107
80
90
236
119
111
189
122
94 |
167
73
153
118
98
109
110
93
87
93
241
127
111
191
118
' 106
9H
49
84
174
S3
111
172
89
164
68
147
85
97
108
109
124
74
92
220
119
113
183
124
113
158
104
47
75
177
58
152
88
93
108
110
in
77
91
226
121
115
186
119
120
173
109
69
150
97
95
100
100
122
71
90
213
100
110
178
113
101
161
100
57
66
157
70
149
101
99
104
105
118
74
88
218
113
102
181
130
107
167
101
53
60
145
99
90
93
93
107
58
87
184
83
107
168
85
100
147
100
69
66
120
73
150
88
95
101
101
117
74
84
220
105
112
180
121
105
148
103
70
102
148
110
93
92
100
140
95
48
70
100
152
105
63
62
143
59
146
90
85
70
150
96
91
107
147
99
66
74
§0
69
146
103
103
115
154
101
65
80
81
71
144
101
104
120
147
98
47
77
87
60
149
88
100
120
63
148
80
84
100
145
101
69
76
80
75
149
91
94
96.7
120.8
148.5
93.7
55. 4
115.8
97.9
84.2
78.6
84.5
119.9
78.5
86.6
133.0
74.3
92.2
103. 0
135. 6
90.9
42.3
114.4
97.6
70.7
82.0
76.3
150. 6
65.8
69.5
124.0
76.0
88.9
89.8
116.5
89.2
42.7
104. 9
97.4
71.6
73.8
67.5
109.4
59.8
67.0
117.3
68.1
96
95
125
46
82
202
90
106
174
99
95
95
108
29
92
201
83
109
170
107
95
93
93
29
82
174
87
113
172
89
"132
149
v 109
7-75
100
105
119
'97
' 71
83
110
141
99
75
88
108
135
106
99
98
81
70
142
68
86
101
101
107
59
83
202
103
124
173
99
63
142
81
89
97
96
108
47
92
201
86
118
169
64
140
100
82
94
92
93
*>95
111
147
102
'72
78
98
70
146
68
84
101.3
80.3
151. 0
104. 4
94.4
80.7
120.4
132.3
88.6
121.9
89.4
109.9
117.5
87.4
52.8
107.6
96. 2
71.5
77.6
68.0
96.3
65.8
70.2
107.2
74.1
' 103. 2
96.3
126.7
97.2
75.7
124.3
104.1
78.3
86.6
114.1
107.3
79.2
112.4
98.2
84.2
' 106. 9
100. 6
' 135. 7
' 102.8
'82.3
129 2
104.8
'86.1
74. 5
' 117.2
121.9
82.8
121.6
127.2
84.2
INDUSTRIAL PRODUCTION
(Federal Reserve)
Combined index, unadjusted
Manufactures, unadjusted
Automo biles
Cement
Food products
Glass, plate
Iron and steel
Leather and products
Petroleum refiningRubber tires and tubes
Shipbuilding
Textiles
Tobacco manufactures
Minerals, unadjusted
Anthracite
Bituminous coal
Iron-ore shipments
Lead
Petroleum, crude
Silver
Zinc
Combined index, adjusted
Manufactures, adjusted
Automobiles
Cement
Food products
Glass, plate
Iron and steel
Leather and products
Petroleum refining
Rubber tires and tubes
Shipbuilding
Textiles
Tobacco manufactures
Minerals, adjusted
Anthracite
Bituminous coal
Iron-ore shipments
Lead
Petroleum, crude
Silver
Zinc
1923-25=100do-_.
t.do-.do.__
do—
do- _ _
do._ do-__
do -..
do-_do
do...
do.__
do_
do...
do._.
do_ _ _
.
do..do_
do...
do.._
do.-_
do...
do.. _
do..do
do_._
do-_.
d o. - do... _
do.._
do do...
do...
do...
do...
do._.
do...
do
'.lido.'.'.
do
do—
147
71
101
89
P112
v 1,55
100
v 121
*>122
122
91
99
89
143
P 132
140
183
Preliminary.
107
124
42
86
194
94
110
168
71
' Revised.
157
101
56
82
93
60
146
111
114
146
104
48
86
98
71
152
' 119
101
' 150
106
100
114
r 115
105
91
98
164
138
'115
188
126
121
150
' 111
' 70
'94
110
74
> 152
23
SURVEY OF CURRENT BUSINESS
Kebruarv 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary
1936 Supplement to the Survey.
ber
ber
1936
F
ru
±ary -
March
April
May
June
July
August
October
BUSINESS INDEXES—Continued
MARKETINGS
Agricultural
products, combined
index
(quantity)
1923-25=100..
Animal products
do
Dairy products
do
Livestock
do
Poultry and eggs
do
Wool
do
Crops
do
Cotton.
do
Fruits
do
Grains
..do
Vegetables
do
Agricultural products, cash income from farm
marketings:
Crops and livestock, combined index:
Unadjusted
....1924-29 = 100. _
Adjusted
do
Crops, adjusted
do
Livestock and products, adjusted
do
Dairy products, adjusted—
.-do
Meat animals, adjusted
do
Poultry and eggs, adjusted
do....
83
89
80
82
120
46
77
106
71
49
72
78
76
74
68
106
40
79
119
65
49
59
68
74
85
74
70
48
61
72
58
46
74
57
61
85
57
59
35
53
57
65
34
85
67
77
95
65
108
37
56
41
72
51
98
65
80
98
64
120
46
86. 0
78.5
64.5
92.5
91. 5
100. 5
77. 5
72.5
67.0
54.0
81.0
84.5
79.5
84.0
65. 0
66.5
48.5
84.5
87.5
88.5
70.0
53. 0
63. 0
48.5
78.0
85.0
79.0
63.5
131
133
103
121
66
117
39
115
154
107
127
86
233
127
104
124
70
114
54
115
144
98
112
87
225
122
105
132
65
112
61
113
134
88
103
86
213
219
419
170
323
217
248
128
66
186
215
394
165
319
225
256
124
64
172
210
400
154
319
234
263
123
75
208
413
161
306
221
264
133
77
403
161
300
220
268
139
64
.52
137
134
84
68
84
114
60
128
164
51
31
82
48
94
74
94
142
66
114
380
63
25
64
63
99
89
90
113
70
89
485
88
16
87
172
66
80
81
94
75
80
152
78
71
78
93
57
59.5
67.5
55. 5
80.0
84.5
79.5
79.5
58. 5
69.5
56.5
83. 0
83.5
87.0
75.0
64.0
72.5
67.0
78.5
79.0
77.0
80.5
69.5
80.0
77.0
83.0
77.0
84.0
86.5
84.0
88.0
89.5
86.0
81.5
88.5
86.5
75.0
74.5
61.5
87.5
87.0
89.5
89.0
89.0
77.5
65.0
90.0
91.0
92.5
81.0
104.0
76.0
60. 0
93.0
94.0
95. 5
77.5
115
104
133
62
109
70
109
102
128
62
108
65
115
115
106
102
125
66
107
61
115
108
73
95
73
156
103
105
119
78
111
80
112
102
71
94
84
137
104
100
118
85
113
76
114
106
69
120
83
119
109
102
122
88
114
82
114
113
75
128
93
126
121
101
125
86
112
67
120
136
95
128
96
181
131
101
123
90
113
63
120
153
107
132
106
220
202
387
170
281
207
256
138
77
124
195
418
160
286
200
235
134
193
420
156
295
192
209
126
66
139
192
400
165
278
196
200
125
73
142
193
375
195
272
187
175
126
65
142
188
372
184
' 259
178
192
123
69
129
85.2
73.0
85.8
84.7
78.1
94.4
85.6
73.2
85.8
85.0
79.3
94.5
106
105
116
117
109
119
115
131
124
112
103
125
108
129
123
134
152
50
35
79
43
110
80
90
80
72
99
140
259
89
47
95
127
89
96
93
73
91
165
304
104
58
112
106
95
82
91
115
117
116
200
78
54
77
r
88. 5
r 61. 5
91.0
9 1. 5
•• 99. 0
80. 5
COMMODITY STOCKS
Domestic stocks, combined index (quantity)
1923-25-100..
Ma nufactured goods._
do
Chemicals a n d allied products
do
Food products
do
Forest products
do
Paper, newsprint
do
R u b b e r products
do
R a w materials
do
Chemicals a n d allied products
do
Foodstuffs
_
do
Metals
do
Textile materials
...do
World stocks of foodstuffs a n d raw materials,
combined index
1923-25 = 100. .
Coffee, adjusted
do
Cotton, adjusted
do
Rubber, adjusted
do
Silk, adjusted
do
Sugar, adjusted
.do
Tea, adjusted
do
Tin, unadjusted
do
Wheat, adjusted
..do
104
116
112
112
55
121
167
104
118
109
232
184
386
175
239
186
111
100
115
123
81
96
84
194
76
93
72
177
207
Y.\\
102
r 121
r
99
113
61
120
' 15S
no
r 127
104
240
' 184
378
179
r
242
179
226
132
93
118
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined indexes
1923 = 100.
Clothing
do.. _
Food
do...
Fuel and light
do-_.
Housing
do...
Sundries
do-_.
86.1
74.1
84.7
86.6
81.8
95. 3
83.9
74.6
83.8
86.8
73.4
94.2
83.9
74.5
83. 5
86.9
73.9
94.3
83.5
74. 1
82.3
87.1
74.1
94.4
83.2
74.0
81.0
87.1
74.7
94.4
PRICES RECEIVED BY FARMERS
(U. S. Department of Agriculture) §
Combined index
1909-14=100-Chickens and eggs
do
Cotton and cottonseed
.do
Dairy products
do
Fruits
do
Grains
do
Meat animals
do
Truck crops
do
Miscellaneous
do
126
133
105
127
93
134
122
99
168
110
135
98
118
92
89
120
136
108
109
117
95
120
89
92
122
118
112
109
121
94
123
92
92
125
117
94
104
99
93
118
94
92
122
82.9
82.0
158
81.7
80.6
79.5
157
84.0
84.0
91.7
88.2
88.3
88.3
88.1
88.1
88.5
94.9
88.1
91.4
91.8
86.1.
92.7
87.3
89.4
89.2
84.7
92.7
87.3
89.5
89.2
84.7
92.7
87.3
89.5
89. 3
84. 6
92.9
87.3
89. 5
89.2
84.5
92.6
87.5
90.4
89.4
85.0
94.4
87.6
90.4
89.4
85.2
RETAIL PRICES
U. S. Department of Labor indexes:
Coal
1913=100 .
Food t
1923-25 = 100-.
Fairchild's index:
Combined index
Dec. 1930=100..
Apparel:
Infants' wear
do
Men's
do
Women's
do
Home furnishings
,
do
Piece goods
do
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (784)
1926= 100..
80.5
80.9
80. 6
79.6
81.6
Economic classes:
Finished products
do
83.8
82. 6
82.4
83,1
81.6
82.4
82.2
81.3
Raw materials..
do
85. 6
83.1
79.8
81. 5
77.7
78. 1
77.4
79.1
Semiman u factures
do
82.3
78.6
75.2
75.6
75.2
74.4
74.8
74.6
r Revised.
1
No longer available. A new index, based on weighted average prices, rather than unweighted prices as in the present series, will be shown in a subsequent issue.
§ Data for Jan. 15, 1937: Total 131, chickens and eggs 110, cotton and cottonseed 107, dairy products 128, fruits 105, grains 143, meat animals 128, truck crops 115. miscellaneous 182.
t Revised Series. For monthly data for period, 1923-36 see p. 20 of this jssiie.
24
SURVEY OF CURRENT BUSINESS
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- Decem- January
1936 Supplement to the Survey
ber
ber
February 1937
1936
February
March
April
May
June
July
August SeptemOctober November
ber
COMMODITY PRICES—Continued
WHOLESALE PRICES-Continued
U. S. Department of Labor indexes—Con.
Farm products
1926=100..
Grains
do
Livestock and poultry
do
Foods
-.
do
Dairy products
do
Fruits and vegetables
do
Meats
do
Commodities other than farm products and
foods
1926=100-.
Building materials
do
Brick and tile
do
Cement
do
Lumber
do
Chemicals and drugs
do
Chemicals
do
Drugs and Pharmaceuticals
do
Fertilizer materials
do
Fuel and lighting
do
Electricity
do
Gas
.
do
Petroleum products
do
Hides and leather
do
Boots and shoes
do
Hides and skins
do
Leather
do
House-furnishing goods
do
Furniture
do—
Furnishings
do
Metals and metal products
do
Iron and steeL.
do
Metals, nonferrous
do
Plumbing and heating equipment
1926=100.
Textile products
do
Clothing
do__.
Cotton goods
do
Knit goods.
do._.
Silk and rayon
do...
Woolen and worsted goods
do._.
Miscellaneous
«_..do
Automobile tires and tubes
do...
Paper and pulp
do.,_
Other wholesale price indexes:
Bradstreet's (96)
do._.
Dun's (300)
do—.
World prices, foodstuffs and raw materials,
combined index
1923-25=100.
Coffee
do...
Cotton
_do._.
Rubber
do
Silk
do,..
Sugar
do._.
Tea
do...
Tin
..do...
Wheat
do...
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
Retail food prices t
Prices received by farmers
Cost of livingf
1923-25 = 100.
do
do...
do
78.3
76.6
87.4
85.7
83.7
63. 7
97.5
78.2
78.9
89.1
83.5
84.2
62.2
94.9
79.5
78.3
90.3
83.2
85.7
62.4
92.1
76.5
75.6
88.3
80.1
80.3
65. 1
89.7
76.9
73.9
88.3
80.2
78.8
67.8
91.0
75.2
70.6
82.5
78.0
75.0
72.3
85.1
58.0
99.7
99.4
110. 4
92.6
83.2
79.4
86.9
89.6
90.9
78.6
78.7
85.5
88.9
95.5
81.5
80.6
87.7
74.7
64.5
74.6
84.9
84. 5
52.8
95.4
100.1
96.5
87.6
81.0
77.1
84.7
86.8
86.9
70.6
78.8
85.7
88.4
95.5
82.2
80.5
87.6
70.4
64.4
75.1
83.1
83.2
54.4
97.1
100.5
100.5
87.3
81.4
77.9
84.8
86.7
87.1
69.7
79.0
85.5
88.4
95. 5
82.3
80. 1
87.0
73. 2
64.5
76.1
86.2
82.1
55.7
96.1
100.5
96.7
86.0
81.5
77.9
85.0
86.7
86.9
69.7
78.9
85. 3
88.9
95.5
82.6
79.3
85.9
73.0
64.8
76.2
84.4
84.4
56.0
94.9
100.4
91.0
85.0
81.4
77.9
84.9
86.6
86.3
69.9
78.9
85.7
89.0
95.5
83.2
78.5
85.5
73.2
64.6
76.4
82.8
84.8
57.9
94.6
100.3
90.1
84.5
81.5
78.0
85.0
86.6
86.3
70.4
76.7
76.3
83.1
90.3
63.0
33.8
90.5
74.
50.1
82.9
71.1
73.2
81.0
86.0
62.2
33.7
81.0
67.5
45.0
79.2
71.7
71.7
80.8
80.4
61.8
33.5
81.4
67.8
45.0
79.8
73.8
71.0
80.7
78.1
62.0
31.6
82.8
68.1
45.0
79.9
73.8
70.8
80.7
77.1
62.1
30.9
83.8
68.3
45.0
80.3
86.2
109.5
80.2
94.4
77.6
94.9
95.2
60.6
54.9
47.1
46.8
27.5
71.3
66.9
103.1
81.8
49.5
42.0
44.5
30.8
27.4
55.
66.0
99.0
59.2
51.1
45.0
43.8
33.6
27.2
59.1
67.8
94.0
63.1
119.6
120. 6
116.7
118.1
124.5
122.0
133.7
121.
125.0
122.4
135. 0
121.2
88.5
109.0
85.0
85.5
88.9
75.4
87.2
82.2
89.5
88.5
95. 5
89.6
85.3
93.3
77.4
68.6
76.5
82.0
85.1
81.3
88.9
82.0
81.4
83.8
79.7
84. 9
83.8
102.4
84.5
83.1
87.6
76.1
86.4
84.0
102.0
83.8
83.3
89.5
71.5
87.3
84.0
102.1
81.2
82.6
87.4
73.8
84.4
85.1
102.9
79 7
83.9
88.2
74.8
85.2
78.8
85.8
88.8
95. 5
83.0
77.7
84.1
73.2
64.7
76 0
84.2
87.3
58.2
94.0
100.2
87.3
84.4
81.5
77.9
85.0
86.3
86.3
70.7
85.8
89.2
95.5
82.1
78.0
84.3
73.2
64.0
76.1
83.4
88.0
57.7
93.8
99.7
89.0
83.2
81. 4
77.5
85.2
86.2
86.3
70.0
79.5
86.7
89.2
95.5
83.7
79.4
85.9
73.0
65.2
76.2
83.4
87.9
58.1
93.4
99.3
87.8
83.0
81.2
77.2
85.1
86.9
87.6
70.4
79.7
86.9
89.1
95.5
83.8
79.8
86.2
73.3
66.7
76.3
82.5
86.1
57.9
93.6
99.3
90.0
82.4
81.4
77.6
85.2
87.1
87.9
70.8
79.6
87.1
89.0
95.5
84.9
81.7
88.6
75.3
67.6
76.1
83.2
87.2
57.5
94.6
99.3
93.3
84.2
81.7
78.0
85.4
86.8
88.1
71.4
80.1
87.3
88.3
95.5
86.1
82.2
89.0
76. 5
67.4
76.8
82.8
86.0
57.9
95.6
99.3
97.2
85.4
82.0
78.3
85.6
86.9
88.8
71.7
81.0
87.7
88.8
95. 5
86.6
82.5
89. 2
77. 9
68. 0
76.8
82.7
81.9
58.1
97.0
99. 3
101. 2
88.4
82.3
78.8
85. 7
87.9
88.9
75.4
73. 8
70.2
80.8
76.2
62.0
30.1
82.2
68.6
45.0
80.5
73.8
69.8
81.1
75.5
60.6
29.1
82.2
69.2
47.5
80.5
73. 8
69.7
80.9
75.4
60.3
29.3
82.6
69.7
47.5
80.6
76.5
70.5
80.7
78.7
59.3
30.7
82.0
71.0
47.5
80.6
76.5
70.9
80.8
79.5
60.3
31.6
81.2
71.5
47.5
80.6
76.5
70.9
80.8
80.0
60.8
30.2
80.9
71.3
47.5
80.7
76. 6
71.6
81.2
82.0
61.1
31.1
80.5
71.5
47.5
76.7
73. 5
81.5
85. 5
61.2
33.4
84.3
73.4
50.1
81.5
76.3
92.1
76.0
92.0
75.4
91.3
76.3
94.5
78.5
96.4
78.9
79.5
97.1
79.1
83.5
102.3
50.5
47.0
42.6
36.3
24.9
61.1
69.5
95.3
58.1
51.3
44.5
41.9
37.2
24.2
65.8
70.1
95.5
58.7
52.1
43.0
43.0
37.4
23.5
71.0
70.9
93.4
56.6
51.3
42.5
43.0
36.5
22.4
70.3
68.0
92.1
55.2
54.7
43.5
44.1
37.1
22.3
71.1
64.1
84.0
54.6
54.8
46.0
48.5
38.6
23.9
69.8
64.8
85.5
63.5
55.9
47.9
45.2
38.2
25.0
69.3
68.
84.7
73.3
55.2
47.5
45.2
38.4
23.7
66.1
72.3
89.0
72.2
55.0
48.4
45.2
38.6
24.5
61.6
67.7
89. 5
75.8
' 5f>. 9
r 50. 9
44.9
42.2
27.0
68.3
68. 0
102. 1
125. 0
124.1
135.0
121. 8
126. 5
125. 8
141.4
122.2
126.4
125.5
140.1
122.0
128.1
125.2
142.
121.4
127.2
119.3
137.4
119. 5
125.1
119.0
127.9
119.3
123.4
119.0
118. 5
118.8
123.4
118.6
118.5
118.3
123. 6
120.8
121.5
J18. 6
"
122.3
121.2
122.5
118. 5
78.1
73.0
83.2
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Value of contracts awarded (Federal Reserve
indexes):
Total, unadjusted
1923-25=100..
Residential, unadjusted
do
Total, adjusted
do
Residential, adjusted
do
F . W . Dodge Corporation (37 States):
Total, all types:
Projects
number..
9, 605
Valuation
. . t h o u s . of dol_. 199, 696
Nonresidential buildings:
Projects
number..
2,467
Floor space
thous. of sq. f t . . 14, 370
Valuation
thous. of d o L . 72, 956
Public utilities:
Projects
number..
167
Valuation
thous. of dol_. 19,117
Public works:
Projects
number..
582
Valuation
thous. of dol._ 42,135
Residential buildings all types:
Projects
number..
6,389
Floor space
thous. of sq. f t . . 18, 969
Valuation
thous. of dol._ 65, 487
Engineering construction:
Contract awards (Engineering News Record)!
thous. of dol._ 266,301
' Revised.
58
4(1
26
8,249
264,137
7,724
204, 793
6,442
142,050
10, 514
198,978
13,338
234, 632
13, 242
216, 071
13, 352
233, 055
13,890
294,735
12, 912
275, 281
12, 056
234, 272
12, 966
225, 767
11, 26!)
208, 20-i
2,796
20, 680
124, 506
2,761
16, 047
90, 480
2,355
11, 384
62, 611
3,106
15,098
81, 460
3,792
17, 343
94, 068
3,436
15,629
82, 252
3,411
15,916
79, 079
3,626
17, 543
96,125
3,504
15, 504
80, 380
3,079
13,639
69,099
3, 319
14,361
79, 071
2,997
14,623
65,895
269
18,104
221
17, 926
136
11, 939
205
18,106
221
23, 753
176
12, 773
167
9,264
229
27, 512
188
17, 945
224
15, 735
214
14,171
222
18, 029
1,328
76,387
1,048
58,948
702
36, 325
1,123
44,191
1,092
49, 660
1,102
50, 792
1,330
71,107
1,782
99,103
1,238
76, 435
1,169
68, 767
1,143
52, 861
870
55, S39
3,856
11,899
45,140
10, 306
37, 440
3,249
9,115
31,176
15,604
55, 221
8,233
19, 736
67,151
8,528
20, 547
70, 253
8,444
20, 624
73,605
8,253
20,501
71, 994
7,982
24,393
100, 523
7,584
21,181
80, 671
8,290
21,553
79, 664
7,180
19, 986
68, 441
235,506
288,547
164,499
147,697
195,458
141,257
183,917
226,595
192,317
197,372
220,142
162, 743
1 Data for January, April, July, October, and December 1936 are for 5 weeks; other months, 4 weeks,
t Revised series. For data on retail food prices for period 1923-36 and cost of living for period 1914-36 see 19 of this issue.
25
SURVEY OF CURRENT BUSINESS
February 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1935
Decem- Decem- January
ber
ber
1936
February
March
April
May
June
July
August
I SeptemNovemOctober
ber
ber
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous. of sq. ydRoads only
do...
Highways and grade crossing projects administered by Bureau of Roads:
Highways:
Approved for construction:
Mileage
number of miles.
Allotments: Total
thous. of dol.
Regular Federal aid
do._.
1934-35 Public Works funds
do.....
Works Program funds
do
Under construction:
Mileage
number of miles..
Allotments: Total
thous. of doL.
Regular Federal aid
do
Public Works Program:
1934-35 funds
do___.
Federal aid
...do
Works Program funds
do
Estimated total cost
do
Grade crossings:
Approved for construction:
Eliminated and reconstructed*_number. _
Protected by signals*
do.
Works Program funds alloted
thous. of dol._
Estimated total cost..
do.
Under construction:
Eliminated and reconstructed*.number..
Protected by signals*
do.
Works Program funds alloted
thous. of doL.
Estimated total cost
_
do
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914 = 10
American Appraisal Co. (all types). .1913 = 100..
Associated General Contractors (all types)
1913 = 100..
Engineering News Record (all types) §
1913 = 100E. II. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100..
New York.
_
do...
San Francisco
do...
St. Louis
do...
Commercial and factory buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29-100.
New York
do...
San Francisco
__
do...
St. Louis
do...
Brick and steel:
Atlanta
do...
New York
do... _
San Francisco
do
St. Louis
do
Residences:
Brick:
Atlanta
do
New York
do
San Francisco
do
St. Louis
_
do
Frame:
Atlanta
do
New York
do
San Francisco
do
St. Louis
do _
REAL ESTATE
f\ 468
4, 026
2,
42.
29,
3,
9,
63,
090
059
671
360
8, 003
141, 069
65. 664
13,461
11
61.934
207,315
2, 250
1,217
2 662
1 579
7, 613
5,196
3, 769
2, 550
3,173
6,693
6,181
5, 456
5, 383
4, 231
4,143
2, 750
5, 903
6,089
3, 686
73,574
62, 963 53, 090 50. 400 50, 476 49,123 46,103
72, 009 80, 104
82 577
78,913
21. 297 20, 692 20, 577 22, 604 27, 929 30, 601 29, 360
18, 560 20, 508
22 238
19,235
7,279
4,345
4, 044
7,382
4,631
7, 607
7, 623
4,148
4,248
8, 092
44,894
14,479
36] 297 27, 882 23, 451 18,299
51, 988
52, 716
12, 595
51, 586 46,169
7, 948
9.409
10. 514
13, 631 13,185
12,812
11,949
8, 996
13,163
10.335
137,141 150, 215 156,714 176. 148 196,841 210, 482 217,441 212, 546 202, 765 194,477 174,781
33,635
50,
949
61,714
65,
213
69,488
37, 316 39,841
57,019
59,
808
70,
586
44,586
I
55, 085 52, 005 45, 693 38, 975 33, 397 26, 680 22, 929 20. 379
68, 965 60, 877 56,653
667
32
982
601
569
467
147
248
195
195
32
33, 559 51,355
75,908 93, 420 107,523 118,463 117,241 110,725 102, 028 83. 784
59.618
172, 893 188, 713 197,925 222,517 250, 203 271, 452 280, 758 278, 978 270, 622 266, 528 248, 024
2. 574
42, 093
27, 034
3, 809
11,250
206
542
455
2
425
2
17,971
18, 606
34, 972
36, 203
35, 973
37, 283
1, 081
98
185
0
104, 876
107, 645
16,186
16,428
195
169
177
180
2 068
1,'396
6, 082
4,482
3,591
3,835
5, 235
3, 621
4,188
2,942
7, 913
6,208
506
17
479
29
488
35
488
317
39,022
40, 821
40, 283
42, 287
42,011
43, 526
40, 561
41,983
311
0
394
0
518
1
679
1
40, 217
41, 313
1,117
5
27. 380
27, 855
34,839
35,511
46,197
47,019
58,645
59,667
72, 923
74, 064
158
158
178
159
159
161
178
178
178
178
178
178
178
199.5
201.2
201.2
202. 2
203. 4
204. 6
204.4
158
173
194.9
827
425
502
34, 081
35, 305
1,221
12
5,903
4,648
8, 881
158, 537
69, 368
17, 206
32
71,931
229, 527
350
581
289
624
254
620
228
615
29,026
30, 367
26, 575
27,817
23,615
24. 185
1,192
30
20, 233
20, 826
1,149
42
1, 238
1, 246
33
33
90, 465 101, 014 108,272 110,865 111,326
92,211 102, 667 110,161 112,930 113,915
183
183
162
163
165
163
166
109,016
111,614
167
179
180
180
208.1
208.1
211.5
212.7
178
85. 2
108. 4
108.2
106.2
82.4
100. 8
93.9
102.2
83.7
105.2
98.8
103.6
84.6
105. 4
99.5
104. 2
84.8
105.4
99. 0
104.4
84.8
106. 0
99.2
104.4
83.8
106.0
98.3
104.6
83.7
107.0
99.0
104.6
83.3
107.0
99.0
104.6
83.3
108.4
106.1
104.5
83.3
108.4
107.3
104.5
84,8
108.4
107. 8
105. 2
85.1
108.3
108 2
106.2
87.3
112.1
115.2
107.4
85.9
105.5
102.4
107.1
86.9
109.0
104.1
105.1
88.1
109.1
104.7
105.8
88.3
109.1
104.7
105.9
88.3
109.7
104.3
105.9
86.7
109.7
103.3
106.0
86.6
110.9
104.3
106.0
86.2
110.9
104. 3
106.0
86.2
112.0
114. 4
106.0
86.2
112.0
114.5
106.0
87.0
112.0
114.9
106. 6
87.2
112.0
115.2
107.4
86. 0
108. 7
108.9
107.6
83.8
103.2
98.8
103.6
84.8
105.9
99.6
104.8
85.4
106. 2
100.5
105.6
85.7
106.2
100.6
105.9
85.7
107.0
98.5
105.9
85.5
107.0
97.4
106. 0
85.1
107.7
98.2
106.0
84.6
107 7
98.2
106.0
84.6
109.3
106. 4
106. 2
84.6
109. 3
107.7
106. 2
85. 6
109. 3
108.1
106.8
85. 8
108. 5
108. 9
107. 6
77.0
104. 8
99. 2
100. 6
72.5
83.7
91.2
95.7
73.5
99. 5
91.9
97.5
75.1
100.8
93.7
99. 0
76.6
100.8
94.0
100.3
76.6
101.9
94.0
100.3
76.1
101.9
92.9
101.0
74.9
103.0
93.4
101.0
74.1
103.0
93.4
101.0
74.1
104.0
98.3
99.2
74.5
104.0
98. 6
99.2
76.1
104.0
99.0
99. 8
76.3
104.1
99. 2
100. 6
70.7
99. 1
88. 9
92. 3
65.8
88.4
83.8
87.8
66.8
94.7
84.1
89.7
68.5
96.3
85.5
90.6
69.3
96. 3
85.9
92.1
69.3
96.9
85.9
92.1
68.9
96.9
84.9
93.0
67.5
97.4
85.2
93.0
67.1
97.4
85.2
93.0
67.1
98.4
87.8
90.9
67.6
98.4
88.3
90.9
69. 8
98.4
88. 7
91.5
70.0
98. 4
88. 9
92. 3
Fire losses
. t h o u s . of d o L . 30,134
27,969
Foreclosures:
Metropolitan cities*
1926=100..
304
268
Nonfarm real estate*
1934=100,.
84.4
88.2
Loans of Federal agencies:
Federal savings and loan associations:
Associations, total
number..
1,023
1,212
Associations reporting
.do
1, 046
881
Total mortgage loans outstanding*
thous. of dol— 543, 271 315, 683
Federal Home Loan B a n k :
Outstanding loans to member institutions
thous. of d o L . 145,394 102, 795
H o m e Owners' Loan Corp.:
Loans outstanding*
do
',,765,098,940,029
27,730
30,910
29,177
25,787
21,479
20, 407
22, 357
21,714
20, 414
20,439
22, 808
287
78.9
266
302
83.2
302
83.9
82.6
280
81.7
279
82.7
259
78.3
278
85.7
259
77.8
235
75.1
1,044
898
329,643
1,061
896
1,078
980
1,102
1,006
1,114
1,006
1,135
1,006
1,165
1,025
1,175
1,076
1,183
1,062
1. 192
1,080
330,154
366, 405 390,810
404, 722 442,027
102, 745 102,887
103, 354 105,969
110,922
465, 682 497,852
1,206
' 1, 046
507, 574 532, 064
531,078
129,752
134,929
137, 250
,984,438 *,014,423 13,040,137 3,060,029 3,083,312 3,092,871 2,920,739 2,897,367 2,869,660 2,883,503
801, 827
118, 580 122,094
125,211
DOMESTIC TRADE
ADVERTISING
Printer's Ink indexes (adjusted for seasonal
variation):
Combined index
1928-32=100..
Farm papers
do
Magazines
do
Newspapers...
do
Outdoor
do
Radio
do
r
Revised.
98. 4
92. 9
101.1
95.2
67. 3
244. 4
84.1
74.4
82.4
84.7
47.0
195.0
80.2
67.1
82.2
79.1
50. 0
187.0
78.0
66.0
82.5
75.5
52. 3
189. 7
84.8
66.6
86.8
81.5
71.1
192.8
87.7
72.8
89.2
85.0
70.6
185. 2
88.5
76.5
87.6
86.5
70.2
184.4
90.9
73.5
88.2
88.9
73.5
202.1
90.6
73.4
90.3
87.1
74.3
224.7
88.5
80.2
87.2
84.9
72.3
230.0
91.0
76.8
91.6
86.9
68.5
268.2
94.1
71.7
89.6
90.6
81.5
253.7
95. 4
75. 3
97.1
91.1
80. 0
' 239.2
* New series. D a t a on number of grade crossing projects represent a breakdown of the total projects shown in the 1936 Supplement. For the foreclosures indexes,
carli r <lat;\ together with a complete description of the indexes, will appear in •) subsequent issue
T< tal m o r i ^ u v I'»an^ outstanding of Federal Savings and Loan Associa\\uw< represent the combination of loans of "new associations" and "converted associations" which wf»re shown separately in the 1936 Supplement to the Survey, b u t which
a iv no longer available in that form. The Home Owners' Lo-m Corporal ion data are for loans closed tlirouuh June 12, H'W, when lending operations ceased, and for loans outMandiiit-' rheivaficr. Tlio Juno fiiruro represents the total of all loans made duriu1.; Um full perk d of lending operations
§ Tndex as of Jan. 1, 1937, 223.5.
26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in Decemthe 1936 Supplement to the Survey
ber
1935
February 1937
1936
1 January
February
March
April
May
June
July
August
s.;<feerm" I October
November
DOMESTIC TRADE—Continued
AD VERTISING—Contin lied
Radio advertising:*
Cost of facilities, total
__thous. of doL.
Automotive
-do
Clothing
do~._
Electric home equipment
do.___
Financial
do
Foods
do
Home furnishings, etc.
__do
Soap, cleansers, etc
__do.._.
Office furnishings, supplies...
do
Smoking materials
do
Drugs and toilet goods
.
do
All other
do
Magazine advertising:*
Cost, total
do
Automotive
do
Clothing
do
Electric home equipment
do
Financial
do
Foods
do
Home furnishings, etc
do
Soap, cleansers, etc
__do
Office furnishings, supplies
do
Smoking materials
.-do
Drugs and toilet goods.._
...do
All other
do
Lineage, total
thous. of lines..
Newspaper advertising:
Lineage, total (52 cities)
do
Classified..
...do
Display, total
...do
Automotive
.
...
do.._.
Financial
do
General
_
do
Retail
_._
..do
6,185
944
39
16
85
1, 821
51
457
6
404
1,752
610
4,944
802
38
9
46
1,402
79
192
91
376
1,500
409
12, 203
1, 419
310
1,977
561
236
341
674
2, 122
3, 482
2, 731
9, 656
1,085
328
313
313
1,801
385
226
302
570
1. 663
2, 670
2,334
130, 762
22, 945
107, 817
4,246
2. 151
18, 186
83, 234
118,684
20, 171
98,513
4,058
1. 835
16, 269
76, 351
4,741
754
29
8
35
1, 394
81
194
109
359
1,446 !
332 I
i
4, 786
781
34
8
49
1,322
103
339 |
1,478 |
376
5, 402
876
43
16
53
1. 501
89
267
100
3*0
1, 606
471
4,833
74.2
29
4
33
1, 432
85
265
36
398
1,443
366
7,463 ! 11,210 ? 13. 458 ' 14,498
1,295 ] 1,832
2, 249
2, 574
316 |
199
588
r 751
124 !
3;>0 j
5] 6
805
289 I
390 |
414
' 411
1,290 i 1,922 | 2. 307
1,909
r
102 I
360
567
813
489 !
495
529
ICO j
210
307
.175
560
580
575
4
2, 485
2, 501
1.249
3. 066 ' 3, 449
1,956 I
2, 564 I f 2,511
2,860
1,096 I
2,128 |
94,810 I 01,334 116.443 121,887
18,499 ! 17.546
21,991
22,548 !
76.311 I 73, 788
94, 452
99, 339
3, 632
5, 453
7,813
1,942 , 2, 773
2, 488
22, 899
21,812
3 7, 686 i 19. 464
48,
751
63, 327
67, 227
52,30i '
o ?I
III
4. 441
3, 931
626
26
9
37
1,174
70
291
8
373
1,066
251
3,832
3,777
4,894
492
5
45
33
1,290
23
285
0
423
982
254
468
4
36
770
24
27
44
14. 907
2,747
805
723
390
1,938
882
593
234
593
2,375
3,627
2,852
12, 299
2,147
646
531
330
1,877
534
459
180
578
2,158
2,859
2,637
8,891
1, 528
257
298
240
1, 670
148
366
75
483
1,790
2, 036
1, 967
8,493
1, 548
229
86
249
1,414
99
127,182
24,172
103,010
8,493
1,933
23. 498
69, 086
117,029
24,843
92,186
7,645
1, 988
20, 802
61, 751
98, 499
21,232
77, 266
6, 593
2,219
18, 287
50,167
99,166
22, 546
731
31
0
36
1, 257
77
279
33
395
1, 263
3391
38
1,207
33
249
0
976
369
337
136
545
1, 757
2,093
1, 695
76, 620
4,fiO8
1, 646
16,186
53, 880
T
1,164
51 '
1
53
r 6,126
1.031
56
1. 475
1.579
22
70
1,670
91
410
13
391
r 1, 659
713
11,104 r 14,285
1,365
' 1.364
' 695
r 895
191
477
* 358
425
1, 585
2,198
665
1.051
446
531
286
304
593
657
r 2, 642
'1,938
' 2, 982 r 3, 741
2,084
2, 637
14. 758
2, 290
696
325
421
2. 452
798
501
263
648
2.926
3, 438
2. 736
1,333
29
314
6
439
1,273
635
397
6,723
1, 559
65
400
17
359
r
114,387
22, 521
91, 866
4,257
1,641
21,053
64, 916
136. 635
23. 984
112,652
6.183
1,860
27,411
77,198
131.986
22, 646
109, 340
9,812
1,848
24, 227
73,452
GOODS IN WAREHOUSES
Space occupied, merchandise in public
warehouses
percent of total..
62.2
62.4 j 60.7
61.8
62.1
61.2
61.3
61.0
61.3
61.7
61.8
61.7
2,506
2, 297
2, 273
2,285
2,182
1,910
2,026
2,156
2,114
NEW INCORPORATIONS
Business incorporations (4 States)-..number..
2,409
2,655
2, 218
POSTAL BUSINESS
Air mail:
Pound mile performance
Amount transported...
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
Value
Foreign, issued—value
Receipts, postal:
50 selected cities
50 industrial cities
thousands..
__ .pounds..
858,100
761.833
745. 845
1,317,774 1,177,753 1,167,635
902, 749 885, 274 920, 629 949,828 1,055,015, 1,051,115 998,894 1,060,488
1,396,977 1,355,200 1,444,013 1,476,469 1,616,191 1,623,239 1,528,942 1,629,711
thousands . .
thous. of del..
4, 346
39,631
3,952
37, 528
3,953
36,611
4,123
38,676
3,950
37, 884
3,834
36, 405
4,091
40,994
3,764
38, 354
3,633
36, 655
3,665
37,237
4,071
40, 616
3, 907
38, 315
...thousands..
thous. of doL.
do
14, 341
107, 701
5,281
12, 449
92, 882
2,294
11,523
85, 855
2,254
13, 291
99, 739
3, 055
13,122
99, 510
2, 450
12, 735
96, 032
2,048
13,153
102,407
2,385
12, 598
103, 085
2,482
11,573
94, 696
2,741
12,772
103.480
2,720
14,921
119,437
2,319
13,316
105, 703
35,985
4,248
27. 434
3,257
26.103
3,060
28,839
3, 318
28, 944
3,320
27, 874
3,124
28, 288
3,214
26, 673
3,192
26, 037
3,022
29, 294
3,242
32. 880
3,678
29, 217
3.226
thous. of dol_. 41,345
do..__| 4, 846
RETAIL TRADE
Automobiles:
New passenger automobile sales:
Unadjusted
1929-31 = 100—
130. 8
90.6
69.3
142.3
65. 5
117.8
138. 6
139.3
117.3
92.9
71.0
56.5
'113.1
Adjusted
do
175. 5
106.5
102.0
89.5
93.5
101.0
93.5
109.5
104.5
92.0
83.0
85.5
' 151.0
Chain-store sales:
Chain Store Age index:
Combined (sales, 20 chains)
ay. same month 1929-31 = 100. _ 111. 5
102.7
96.5
99.4
101.2
102.0
103.0
108.0
109. 6
109.0
110.0
109.5
111.0
Apparel chains
ay. same month 1929-31 = 100..
130. 0
114.0
100.0
105.0
119,0
115.4
116.8
117.8
125.0
117.2
118.6
123.0
127.0
Grocery chains
av. same month 1929-31=100.. 100.0
92.5
93.0
92.6
94.4
94.0
93.0
95.8
100.0
102.0
99.8
99.2
100. 0
Variety store sales:
Combined sales of 7 chains:
Unadjusted.,
1929-31 = 100-.
196. 2
178. 4
67.7
73.5
80.3
95.7
96.8
98.8
97.2
86.5
97.8
100. 4
104. 5
Adjusted
do
106. 3
96.7
90.8
93.3
95.2
96.8
104.0
88.0
109.2
97.7
102.4
98.9
103. 0
H. L. Green Co., Inc.:
Sales
thous. of doL.
5,847
4,941
1,868
1,753
2,043
2,514
2,625
2,412
2,430
2,501
3, 027
2, 905
Stores operated
...number..
135
133
132
130
130
"' 131
130
130
130
132
132
133
134
S. 8. Kresge Co.:
Sales
thous. of dol_. 24.351
21, 552
8,597
9.571
10,043
12,011
11,925
12,182
11,169
11, 353
11, 753
13, 540
12,214
Stores operated..
_ number
734
745
743
740
739
726
725
729
737
729
728
730
731
S. H. Kress & Co.:
Sales
.
thous. of dol_. 14. 74«
13, 789
5, 204
5,459 [ 6,314
6,873
6, 552
7,027
6,525
6,652
6,785
7, 307
7, 321
Stores operated.
number..
235
234
234
234 '
235
235
235
235
235
235
235
235
235
McCrory Stores Corp.:
Sales
.
thous. of dol...
6, 714
6, 268
2, 324
2, 691
2,893
3, 284
3,057
3, 443
3,002
3,010
3,096
3,511
3, 209
Stores operated
number
' 196
203
201
200
200
200
199
197
195
195
195
194
194
G. C. Murphy Co.:
Sales
_.
thous. of doL.
6, 379
5,005
2,003
2.311
2,320
3,001
3,089
3,183
2,974
2,922
2,907
3,637
3,
26S
Stores operated...
number..
]95
189
190
J90
190
189
190
191
191
192
194
194
192
F. W. Wool worth Co.:
Sales
„
..thous. of dol.. 45, 506 39,586 ! 16, 983 39,016
19, 677
23,072
22, 622
23, 398
22,861
23,186
23,434
26,733
23, 891
Stores operated . . . . . _ . . , . . . „ . . . , . number..
.1, vlV!
1,980 ! 1,977
1, 979
1,980
1,983
1,986
1,989
1,991
1, 990
1,993
1, 99 f
1,994
r
Revised.
•New series- Data on radio and magazine advertisiuj : cost are compiled by the Publishers Information Bureau, Inc., successors to National Advertising Records, and are
not comparable with previously published data. Earlier ; igures, when available, will be published in a subsequent issue.
27
SURVEY OF CURRENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemFebru1936 Supplement to the Survey
ber
ber January
ary
DOMESTIC
RETAIL TRADE—Continued
Restaurant chains (3 chains):
Sales
thous. of dol._
Stores operated...
number..
Other chains:
W. T. Grant & Co.:
Sales
thous. of dol._
Stores operated
number..
J. C. Penney Co.:
Sales
thous. of doL.
Stores operated
_..
number..
Department stores:
Collections:
Installment account
percent of accounts receivable
Open account
do..
Sales, total U. S., unadjusted.. 1923-25=100..
Atlanta
....do,..Boston
do
Chicago
do
Cleveland
do
Dallas
do
Kansas City
1925=100._
Minneapolis
.
1929=100..
New York
192.5-27 = 100..
Philadelphia
1923-25=100..
Richmond
do
St. Louis
do
San Francisco...
do
Sales, total U. S., adjusted
do
Atlanta
do
Chicago—
do
Cleveland...
do
Dallas
do
Minneapolis
1029 = 100-..
New York
1925-27=100..
Philadelphia
1923-25 =100..
San Francisco
do
Installment sales, New England dept. stores
percent to total sales
Stocks, total U. S., end of month:
Unadjusted
1923-25=100..
Adjusted
_
.do
Mail-order and store sales:
Total sales, 2 companies
thous. of doL.
Montgomery Ward & Co
do
Sears, Roebuck & Co
do
Rural sales of general merchandise:
Total U. S., unadjusted
1929-31 = 100..
Middle West*„"
do....
East*
do
South*
.do
Far West*
do
Total IT. S., adjusted
do
Middle West*
do....
East*
do
South*
do
Far West*...
..do
1936
j
March j April
May-
Juno
October Novem
August September
ber
July
TRADE—Continued
3, 943
346
3,662
'353
3, 384
353
3, 229
350
16, 8G7
477
14,810
471
5,175
471
5, 754
472
37,133
1,498
31, 332
1,481
13,904
1,481
161
187
138
163
158
175
149
139
156
136
205
142
170
92
110
97
96
108
94
88
76
100
16.7
44.0
145
158
124
137
133
155
133
123
146
122
185
120
154
S3
93
81
81
95
83
83
69
90
16.7
46.9
63
71
63
64
58
69
60
65
63
47
17.1
44.4
66
86
54
69
70
77
63
58
64
51
56
71
81
90
80
77
82
73
81
59
73
83
98
87
86
91
77
6.2
10.1
11.0
66
71
61
65
58
66
62
65
67
65
118,222
51,789
66, 433
90,813
39, 475
51, 338
46,1S1
18, 508
27, 672
45, 435
17, 85a
27, 580
60, 926
24, 845
36, 081
69, 413
30, 403
39,011
75, 219
30, 2!)5
44, 923
186.1
150. 5
195. 9
212.4
208.7
131.0
106. 0
137. 5
153. 9
134. 2
155. 9
143. 7
158.6
178. 3
172.9
109. 8
101. 2
111.3
129.2
113.4
84.2
79.9
75. 3
73.5
86.7
78.9
111.4
99. 8
S3. 6
82 9
96.3 j 93. 0
89.6
87, 0
93.9
94. 7
120. 2
111.4
111.3
105. 8
99,2
92.8
100. 7
118. 4
100. 1
106. 7
103.1
107. 2
127.4
114. 4
105. 5
99.2
109.2
117. 6
110.7
109. 9
100. 7
109. 7
127. 2
119. 6
106. 5
102. 3
107.9
113.6
112.8
113.3
105.4 !
110.7
127.6
125. 4
3, 509
350
3,495
348
3, 442
349
3,363
350
3, 510
349
3,490
349
3, 655
349
3,800
346
3, 542
346
7, 649
6.475
472
472
13, 692
16, 282 19, 759
1,481 | 1,481 1,483
8, 328
472
8,371
473
7,075
473
6.925
472
7,443
472
9, 333
474
8, 492
477
20, 640
1,483
21, 475
1,484
18, 475
1, 488
19, 369
1,489
22, 529
1,491
28, 952
1,494
26, 072
1, 496
17.4
45.1
85
100
74
89
89
90
80
88
78
70
103
78
88
84
96
84
79
92
82
80
70
90
16.9
45.8
89
103
74
89
93
95
82
87
80
74
110
76
86
87
J02
88
87
91
86
85
76
90
18.0
47.6
84
92
76
87
84
92
85
80
71
104
72
84
87
103
89
86
100
88
83
74
94
16.2
45.6
63
78
54
65
63
71
59
81
62
52
79
55
77
91
111
91
83
102
61
82
70
94
16.2
42.1
68
96
54
76
72
77
70
75
63
56
78
60
88
87
123
95
So
107
86
81
73
92
16.5
42.8
94
116
82
85
89
109
92
95
87
71
104
86
97
88
123
94
86
103
88
84
79
93
17.8
48.4
99
119
92
104
98
120
101
112
97
84
137
103
98
90
100
95
92
104
94
85
74
95
17.0
47.1
105
120
85
101
100
113
90
89
106
91
120
89
' 101
93
105
91
95
97
91
90
'79
'95
8.5
8.9
7.5
9.5
14.9
10.8
10.9
9.7
68
65
67
65
62
64
59
63
65
67
71
68
76
69
80
71
76, 689
30, 330
46,359
65, 270
25, 636
39, 634
CA 325
27 422
38,' 903
80, 974
33, 357
47, 617
103,590
45, 455
58,135
85, 993
36, 979
49, 014
106. 2
100.1
105. 1
114. 0
122. 7
112.4
102. 6
107.8
132. 5
129. 8
88. 3
81.0
85.5
97.9
107. 7
114.7
103. 9
108. 9
140.9
129. 8
96.2
88.6
97.9
103. 3
113.3
111.9
101.3
110.6
136.0
123.1
122. 3
107.0
112.0
160.6
147.7
123. 6
107.5
119.7
156. 7
126. 3
155.1
137. 7
149. 6
225. 0
148.4
127.1
116.2
126. 2
163. 6
126.8 |
150.8
136.0
154. 8
195.4
150. 4
122.6
110. 5
135. 2
146. 9
124. 8
91.0
84.3
91.8
93.4
84.4
94.2
95 3
85 5
96 0
96. 5
88. 9
97.6
r <>6. 7
r
90. 6
97.8
102.8
105. 7
107. 2
107. 9
r
100.9
64.8
73.6
49.7
52.0
103. 3
121. 3
89.7
71.0
102.4
65.6
76.9
49.5
51.9
103. 8
108.3
91.8
74.8
109.1
66.6
81.7
52.2
50. 9
104.3
95.2
92.4
75 3
111. 6
68. 2
85.0
52. 6
51. 9
107. 4
92. 7
96. 5
74.9
102. 7
69.2
86. 9
53.4
52. 4
109. 5
95. 3
99. 6
73.2
95. 8
- r,7. 8
KK. 3
M. 4
' 49. 9
r
1J!. 3
' 91.1
' 103.0
90.0
200.4
95.5
107.2
91.2
193. 5
94.5
110.5
92.5
210. 7
98.4
111.0
94. 3
216. 3
102. 9
111. 5
95.6
218.3
108. 3
117.2
97.0
' 210. 6
'110.0
r
118.8
99.9
138.6
58.5
62.0
58.2
100.1
135.0
56.9
62,2
56.5
102.7
138.4
58.4
62.4
58.1
107. 1
143. 4
59. 3
62. 4
59. 1
111.3
154.3
60. 4
63. 4
60. 2
112.9
> 156.0
' 60. 6
63.3
r
6i). 4
86
17.6
43. 9
95
66
82
68
87
80
79
71
66
95
73
80
84
103
90
78
91
84
83
73
83
1
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
89.0
89.6
86.
88.2
86.6
87.8
Factory, unadj. (B. L. S.)
1923-25=100..
97.7
78.3 i
81.9
83.6
78.4
79.8
79.7
92.0
Durable goods group
do
86.5
83.1
83.1
88.8
84.3
Iron and steel and products
do
83.9
98.8
Blast furnaces, steel works, and rolling
98.5
92.4
91.8 '
92.8
92.3
mills
1923-25=100.. 109. 3
Structural and ornamental metal work
65.1
54.1
54.4
53.4
57.4
60.8
70.
0
1923-25=100..
94.1
96.9
90.0
89.8
92.3
94. 6
91.3
Tin cans, etc.
do
61.3
62.8
64.1
59.
2
59.
2
67.2
60.8
Lumber and products
do....
71.3
71.6
72. 2
70. 9
71.8
74.0
87.7
Furniture
do
45.2
46. 6
47.8
43.7
43.9
45.1
54. 1
Millwork
do
50. 6
48.8
51.9
46. 5
46.2
47.3
49.2
Sawmills
do
96.8
99.4
102. 2 j
95. 3
95.5
95. 9
113. 7
Machinery
do
128.5
126. 9
126.6 j
122, 5
124. 7
96. 6
117.9
Agricultural implements
do
82.1
85.5
81.8
81.1
87.5
84.0
105.
7
Electrical machinery, etc
do
Foundry and machine-shop products
86.7
82.8
84.4
89.1 I
81.8
99.3
81.7
1923-25= 100. _
155. 8
162. 0
178.0 I
176.1
153.8
190.1
203. 2
Radios and phonographs
do
94.4
94.9
98.2
94.7
95.0
111.6
94.
6
Metals, nonferrous..
__do.._103.2
100.3
99. 5
103. 6
104.3
118.8
100.6
Aluminum mfrs
do
Brass, bronze, and copper products
99.1
98.8
99.6
100.7
98.7
99.7
1923-25=100.. 115. 8
139.1
134.8
134. 6
136. 8
136.3
144.3
162. 9
Stamped and enameled ware
do
54.0
56.1
57.8
58.0
58.0
53.8
61. 2
Railroad repair shops
do
61.5
61.9
62.2
62.3
62. 5
63. 4
61.3
Electric railroad.
....do
53.4
57.4
55.7
57.7
57. 7
53.2
61.0
Steam railroad
do
r
Revised.
*New series. See pp. 14-17 of the September 1936 issue for back figures and a description of these series.
89.9
84.3
90.1
107.7
r
r
28
SURVEY OF C U R R E N T
Monthly statistics through December 1935,
together with explanatory notes and references to the source of the data may be found
in the 1936 Supplement to the Survey
Bl'SIXESS
February 1937
1936
January
February
March
April
May
June
July
NovemAugust SeptemOctober
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory unadjusted—ContinuedDurable goods group—Continued.
Stone, clay, and glass products
.1923-25=100..
Brick, tile, and terra cotta
do
Cement
do
Glass
do
Transportation equipment
do
Automobiles
do
Cars, electric and steam railroad do
Shipbuilding
do
Nondurable-goods group
do
Chemicals and products
.do
Chemicals
do
Druggists' preparations
do
Paints and varnishes
-.do
Petroleum refining
do
Rayon and products
do
Food and products
do
Baking
do
Beverages
do
Slaughtering and meat packing
do
Leather and products
do
Boots and shoes
__do
Leather
do
Paper and printing
_do
Paper and pulp
do
Rubber products
____
do
Rubber tires and tubes
do
Textiles and products
_.__do
Fabrics
do
Wearing apparel
do
Tobacco manufactures
do
Factory adjusted (Federal Reserve)!
1923-25 =--100..
Durable goods group
do
Iron and steel and products
do
Blast furnaces, steel works, and rolling
mills. __
1923-25=1001.
Structural and ornamental metal work
1923-25=100.Tin cans, etc
do
Lumber and products..
do
Furniture
do
Millwork
do
Sawmills...
do
Machinery
do
Agricultural implements_ _
do
Electrical machinery, etc
do
Foundry and machine-shop products
1923-25=100..
Radios and phonographs
do._-Metals, nonferrous
do
Aluminum mfrs
do
Brass, bronze, and copper products_do
Stamped and enameled ware
do
Railroad repair shops
...do
Electric railroads5 5
do
Steam railroads
do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Cement
do
Glass
do
Transportation equipment
do
Automobiles
do
Cars, electric and steam railroad..do
Shipbuilding
..do
Nondurable goods group
do
Chemicals and products
do
Chemicals
do
Druggists' preparations
do
Paints and varnishes
do
Petroleum refining
do
Rayon and products
do
Food and products
do
Baking
do
Beverages
do
Slaughtering and meatpacking
do
Leather and products
do
Boots and shoes
do
Leather
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and tubes
do
Textiles and products
do
Fabrics
_
_
...do
Wearing apparel
...do
Tobacco manufactures
do
60. 8
48. 0
62. 0
100. 5
119. 8
130. 3
58 5
J19. 3
1.29. 2
10"). 4
127.0
119. 0
302. 4
110.7
132. 2
180. 1
100.0
1)3. 8
93. 9
9.x. 1
100. I)
112.0
101.0
92. 4
100. 5
101. S
114.9
03. 1
60.1
39.7
47.2
99.7
103. 8
119.7
42. 8
84.7
97. 3
113,2
115 0
102.8
120. 7
116.7
351.8
103. 1
124.6
101. 6
85. 8
90. 7
89. 0
99. 7
100. 3
108. 5
8f,. 4
75 6
100.0
90. 1
100.3
61. 0
55.2
36.3
39. 9
93.8
102. 4
117.9
41.0
85.8
95. 3
111.8
114.1
101.5
119.8
115.8
347. 0
98.4
123. 2
161. 3
86.4
92. 9
93. 1
97.0
98. 0
107. 2
85.6
75. 9
98. 2
93.8
105. 8
54. 9
55.3
35. 1
39.9
95. 6
99. 6
113.6
43. 9
83. 9
95. 7
110! 8
113.8
101.0
119. 9
115. 0
341.3
96.7
123. 8
159. 5
83. 2
94, 4
95.3
95.0
98.8
.107. 7
85. 1
75. 3
99.2
93. 1
110.8
98. 2
92. 0
99. 4
88. G
79. 7
84. 4
88. 6
SO. 1
85. 1
87. 2
78.9
S3. 4
110
93
93
70
53
94
61.0
73
40
49
95.5
118
84
56
97
62.8
71
40
50
90. 3
120
82
82
176
97.4
101
100
147
54.3
61
54
61.8
42
54
100
100.8
115
S3
189
97.4
102
101
143
55. 0
62
54
61.4
43
51
99
99. 7
113
46
86
97.7
112. 2
116
100
123
116
344
107.4
126
179
83
94.4
95
97
97.7
107
86.4
78
99.2
93.2
110.5
59.6
so! a
103.9
98
OS. 0
SO
5")
51
113.fi
97
100
100
188
110. 7
119
115
100
61.7
(53
02
68. 7
51
08
101
in;. 4
131
04
88
104.8
118.0
129
103
130
120
355
115.0
132
190)
90
98. 0
100
98
104. ()
113
101. 9
95
100.8
100. 2
119. 9
61.9 •
47
83
98. 2
112.4
116
101
123
117
345
107.3
125
176
82
95. 3
96
99
98.4
109
86.6
78
100.4
94.6
111. 1
60.4
T
Revised.
tRevised series.
See table no. 1, p . 14, of the J a n u a r y 1937 issue.
96
01.4
73
4"
49
95. 8
118
81
82
186
95. 0
99
99
135
50. 4
62
56
59.7
41
49
97
96.8 I
109
46
85
96. 1
110.6
116
101
121
116
ioiTs
126
177
83
92.7
93
95
08.6
108
85.2
76
96.5
90.4
108. 2
60.0
58.9
63.0
38.0
43.0
46. 0
54.9
90. 8
99. 0
100. 7
104. 6
112.0
115.6
49. 7
55. 0
92. 7
102. 1
90. 2
90.5
113.8
112.3
114.9
115.8
103.0
102 3
120.8
125. 2
114.5 I 116. 5
310.0 | 325. 4
100. 3
125. 8
170. 5
170.8
82. 2
81.9
90. 8
93.0
91.2
94.5
94. 3
95. 0
99. 1
98.7
J 08. 8
108. 1
87.9
75.4
77. 7
57. 2
99.
5
100. 5
91.7
93. 0
115.0
115.3
58.6
65 3
46.7
61.3
99.2
105. 9
117.2
55.2
100. 9
96. 0
111.8
117.2
100. 7
128.0
116. 5
335. 6
102. 7
127.3
192. 7
84.3
88. 2
88. 1
93.6
99. 5
109.4
88.9
79.8
97.4
90. 4
110.9
00. 0
66. 4
49.4
61.8
99.2
104.9
115.8
57.1
98. 0
95. 9
110.3
118. 6
100. 4
128. 9
117.8
336.2
107. 9
128.4
199.1
85. 8
80.8
86.3
92.9
98. 8
108.8
89. 8
82.8
96. 2
90. 3
107. 0
60.2
67.0
50.3
63.0
98.9
101.3
111.1
54.2
98. 9
98. 2
112.7
122. 5
100. 1
126. 2
121. 5
347. 3
116.9
129. 2
220. 0
90.8
91.4
92. 1
93. 8
98.5
108.3
90.8
83. 9
90. 3
91.7
104. 6
60. 6
68.0
50.7
64. 1
99. 8
92.7
98. 3
61. 7
99. 4
102.9
113.4
123. 0
100. 3
124.4
118.3
356. 7
1.27. 9
130. 1
214. 5
91. 5
94. 4
95.4
95. 6
100. 1
109. 1
92. 2
86.0
101.8
94. 7
115. 8
63. 0
08. 2
50.2
05. 1
99. 3
87. 1
90. 3
59. 9
102.4
105. 8
119. 5
127. 1
103. 1
120. 7
122. 3
300. 1
135.9
131. 3
209. 0
90. 9
94. 1
94. 5
97. 4
102. 0
J10. 4
94. 3
Si). 0
103.4
95. 8
118.4
03. 0
09. 1
49. 0)
05. 5
103. 0
101.8
110. 0
01.3
102. 7
104.7
12;). 3
129. 9
104.4
128. 0
120.0
301. 5
124. 2
132.0
KH). 7
91.*
92. 8
92. 9
97. 2
104. 0
110.7
97. 9
89. 0
104. 3
97. 1
1 IS. 3
04. 5
SS. 5
80.9
85.8
89.6
82.4
87. 7
90.3
83.4
89.4
92.6
85. 2
92. 3
93.3
85.4
94. 1
93. 0
SO. 3
95. ti
94. 3
87. \)
97.' 1
99
103
106
02
97
63. 5
71
47
51
99. 1
122
86
65
99
64. 1
87. o
79.8
<S4. 0
96
02. 8
40
50
90. 8
121
82
84
179
93. 4
100
97
131
58. 0
02
58
60. 8
42
90
97.5
108
50
92
95. 9
111.6
110
102
121
110
313
107.8
127
182
84
90.4
91
94
99.0
108
74.9
96°7
90.6
108.2
60.1
85
185
93.4
100
97
135
57.0
63
57
61. 9
43
54
96
99.0
109
51
99
96.7
110.8
116
103
123
118
325
107.7
127
17S
84
89.2
89
94
99.4
109
87.1
75
97.6
91.8
108.4
59.4
47
51
102. 0
123
88
67
99
64.2
70
49
50
103. 0
124
90
70
98
65. 6
79
4S
51
105. 2
115
92
101
65. 1
81
51
49
105. 1
100
88
198
94. 6
102
99
135
57.0
62
90
209
96.4
109
100
139
58.2
62
92
210
97.8
116
102
136
57 4
62
57
65.7
47
55
101
104. 5
116
52
101
100.4
115.7
121
105
126
120
358
112.4
129
196
92
90.3
91
94
99.8
108
91.4
82
102.6
95.5
116.6
61.2
93
209
101. 1
110
100
141
58. 7
62
58
66. 4
47
59
102
100. 7
109
59
102
101.8
115.4
122
102
127
117
300
113.2
129
195
92
90.9
91
96
101.1
109
93.99
87
104. 9
98.1
117.0
61.9
GZ5
97
100. 8
112
50
98
97.3
113.1
117
104
122
118
342
109.3
127
189
85
89.0
89
95
99.8
109
87.4
76
97.6
91.3
109. 5
61.3
63%
45
54
96
101.8
112
53
99
97.6
113.2
117
105
124
117
350
110. 3
127
183
86
89.0
89
91
100.0
109
88.8
79
98.1
91.8
110.3
60.3
r
07. 3
49. 0
04, 2
97. 0
114.7
12S. 3
r
r
T
r
r
r
60. 1
97. 4
' 103. 2
119.7
130.0
105. 9
»• 125.3
r 121. 1
r 304. 0
r 114. 1
r 133.0
r 1S3. 0
T
90. 9
r S9. U
87. 8
T
98. 4
r
105. 0
r
111.9
r
100.0
• 90. 9
104.8
9S. N
r
110.O
r
05. [\
r
r
96. 0
S9. 5
9S. 1
KM;)
73
101
05. 8
82
59
50
300.7
95
97
95
180
102.5
112
109
143
59. 1
02
59
00. 1
47
01
99
100. 7
109
59
102
101.5
118.5
120
101
129
120
360
113.3
129
190
92
91.4
91
98
102. 7
110
95. 8,
89
102. 0
90.8
113.0 !
73
100
00. 2
50
108. 3
100
100
54
49
• 110.2
')3
103
90
105. 2
115
171
- 100. 7
1 is
153
00. 1
03
00
67. 2
47
04
154
* 00. 0
03
r
<>o
r 00. 3
48
170
no
103
104.7
113
04
]()2
101. 1
117.9
129
100
129
119
354
112.7
131
187
91
92. 0
92
90
103. I
111
98. 3
92
101.7
95. 5
113. 4
61. 1
r 112.0
'• 123
r
07
98
102. 9
' 118. 1
129
102
r
127
r
121
T
357
r
113.4
J32
197
r
94. 9
95
99
r
103. 6
112
r
99. 5
93
104. 4
97. 3
US. 4
r
02. 4
29
Sl'KYUY OF (JLIRRKN'T BUSINESS
I'Ybruarv
Monthly statistics through December 1935,
together with explanatory notes and references to the source of the data may be found
in the 1936 Supplement to the Survey
1936
Decem- Decem- January
ber
ber
March I April
Mnv
June
NovemAugust Septem-;
October
ber
ber
July
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continuert
Factory, unadjusted, by cities and States:
City or industrial area:
92.2
Baltimore
1929-31== 100-..
81.3
Chicago
1925-27=100..
102. 0
Cleveland
1923-25=100126. 1
Detroit
do
Milwaukee
1925-27=100.-1 107. 0
81. 1
New York
do
102.9
Philadelphia
1923-25 = 100Pittsburgh
do
98. 9
Wilmington
do
State:
105. 2
Delaware
do
89. .1
Illinois
1925-27-100..
128.5
Iowa
1923-25 = 100..
99. 1
Maryland
1929-31 = 100..
83. 6
Massachusetts
1925-27=100..
84.
7
New Jersey
1923-25 = 100..
85.4
New York.
1925-27 = 100- Ohio
1926 = 100..
88. L
Pennsylvania
1923-25 = 100..
97. 4
Wisconsin
1925-27 = 100-."
Nonmanufacturing, unadjusted (B. L. S.):
Mining:
54.8
Anthracite
1929=100..
88.8
Bituminous coal
do
65. 0
Metalliferous
do
72. 3
Petroleum, crude, producing
do
49.2
Quarrying and nonmetallic__
do
Public utilities:
Electric light and power, and manufac93. 1
tured gas
1929 = 100..
72. 6
Electric railroads, etc
do
73. 6
Telephone and telegraph
do
Trade:
100. I
Retail, total
do
146. 4
General merchandising
do . .
Other than general merchandising
87. 9
1929 = 100.-1
91.2
Wholesale
J. do j
Miscellaneous:
!
77. 7
Dyeing and cleaning
do
88. 6
Laundries
do
813. 7
Year round hotels
do
Miscellaneous employment data:
Construction employment, Ohio .1926=100..
Hired farm employees, average per 100 farms
number..
Federal and State highway employment:
Total
.
number.. 288, 248
149,708
Construction
do
138, 540
Maintenance
..do
Federal civilian employees:
831,095
United States
...do
115,904
District of Columbia
do
Railway employees:
Class I steam railways:
Total
thousands..
Index:
Unadjusted
1923-25=100..
Ad j listed
_ _do
Trades-union members employed:
All trades
'.percent of total..
Building
do
Metal
do
Printing
do
All other
do
On full time (all trades)
do
84.2
76. 0
91, 1
78.0
97. 4
77.1
96.1
82.7
95.3
91.5
77. 6
96. 4
83. y
101.4
80.4
100. 2
84.8
97.4
92.1
78.8
102. 0
103. 0
104. 0
82.2
101. 1
86. 1
98. 0
91. 5
80. 2
102.2
117.7
106. 1
81.9
r
102. 1
r 82. 9
r
99. 3
99.1
82.1
121. 0
95.5
75.4
78. 7
77.4
97.6
82.4
95.6 I
111.3
84.7
119.8
93. 0
78.2
80. 8
79.7
98.8
84.5
91.9
118.4
86. 6
121.8
98.9
79.8
83.1
83.2
101. 0
87.0
95.2
105.7
86. 9
121.9
100. 2
80.4
82. 7
84. 6
103. 0
85. 1
96. 8
r 105. 6
87.9
124, 1
9'J. 5
81.6
83. 4
84.7
103. 0
87.4
96. 9
51.2
75.7
61.9
73.7
53. 5
48.4
75. 5
61.3
75. 4
54.4
41.1
76.9
61. 6
75.0
55. 3
r 63. 1
* 74. 5
r 54. 9
49. 9
-81.1
' 64. 2
r 73. 6
54.6
82.4
62. 8
73. 8
52. 6
89. 0
71. 5
71.6
90.4
71.7
72.1
91.7
72.4
73.1
93.1
72.4
73.5
r 93. :>
72.8
73.7
r 94. 0
73. 1
73. 8
93.4
73. 3
73.7
97.4
85. 0
95. 5
85.5
96.4
83.2
90.7
82. 4
89.4
r 86. 6
r 98. 5
r
88.7
r 103.9
89. 9
108. 8
79.5
85. 6
82.0
85. 7
82.3
84. 6
82.6
84.6
81.2
85.4
80.5
86.3
r
74.7
82. 1
82.8
81.8
83.2
83.2
87.3
85. 5
84.1
87.5
87.2
83.9
85. 5
90. 5
83.3
83.5
89.6
32. 4
37.3
45.9
52. 0
46.0
89
90
100
101
202, 884
97. 089
105, 795
200.451 j 227,586 287. 478
80, 674
94, 200 144,173
119,777 133,386 143, 305
374,191
209. 835
164, 356
423, 466
258, 103
165,363
435, 971
271, 015
164,956
805, 020
111,954
799. 930
112,304
806, 035
112,370
810,418
115,073
817,856
116,857
824, 259
117,103
991 i 1,042
82.0
69. 2
94.2
100. 0
94. 2
74.5
90.8
71.3
8(5.9
83.3
69.3
94. 4
101.5
96. 1
93! 2 I
89.1
76. 7
114.5
88. 3
75.3
7(i. 1
75. 3
93.2
85.9 i
57. 3
79.1
53.5
71.9
43.1
86.8
91. 8
71. 8
86. 1
86.2
70.0
95, 1
!()"». 8
97. 6
75.9
91.7
74.4
85.3
87. 7
71. 7
96.2
105. 0
99.5
74.3
91.5
76.0
86.8
88.2
72.6
96.2
103.5
99.2
72.2
92.2
78.7
89.6
73.6
96.4
101.0
98.1
72.5
93. 6
80.9
93.3
88.3
79. 0
119. 0
93. 1
74.5
77.0
77.4
90.3
79. 1
80.3
90.4
80.3
121.8
94. 2
74. 0
87.1.
88. 7
77. 8
117! 4
90. 5
74. 8
76. 4
77. 2
9L 0
77.6
88.7
94.6
81.6
123.2
93. 9
73.4
79.3
76. 8
9fi. 7
SO. 7
91.8
59.1 I
79.8 '
54.2
71.1
39. 4
61.2
80.2
55. 5
70.8
30.9
52. 5
80.4
55. 9
70. 9
42.2
49.8
77.5
57. 5
71.3
48.4
54. 9
76. 2
60.8 j
86. 1
70.7
70.1
86.1
71. 7
69. 9
86. 8
71.2
70.2
88.0
71.3
70.8
80.4
88.2
"9. 7
85.1
81.9
90.9
78.4
85. 6
78.3
85.0
73.4
81.1
80.8
71.5
81.5
81.9
70.3
81.2
82.8
30.8
28. 4
85
62
252, 229
130,539
121, 690
815, 789
111,692
81.9
69.1
94.7
108.8
96. 0
92.7
72.0
87.0
89. 5
76. 6
1.10.3
89.7
76.4
79. 1
76 2
94. 0
78.9
87. 2
92.9
131.7
987
55.0
56.4
77
52
82
86
81
55
80.8
68. 7
94.9
103. 8
95. 2
73.7
90. 5
69. 7
87.0
89. 7
75.8
115.6
88.4
74.3
76.3
55.0
57 3
78
50
83
85
82
56
!
j
!
I
71
97. 5
79.5
00. 7
85.2 I
*• 84. 7
r 89. 0
85. 0
89. 7
r 86. 5
87. 6
85. 4
81.1
87.0
84. 5
r 48. 0
49. 0
51.0
99
433, 533
274, 651
158, 882
111
107
95
414,147
262, 375
151,772
389, 966
240. 249
149,717
353,971
200, 283
153, 688
830, 622
116,022
834, 266
115,569
835, 704
114,611
841,017
114, 510
839, 053
114,792
1,097
i,102
1,114
1,121
1,104
61.7
60.5
62.1
60. 4
61. 1
60.7
87
76
88
89
89
66
88
79
89
90
90
68
90
90
90
68
40.6
r 41. 2
1, 032
1,061
1,080
57.8
60.1
57.2
58.8
58.8
59.2
59.8
59.1
60.3
59.0
60.8
59. 3
78
48
83
87
83
57
79
51
83
87
83
58
82
59
S5
88
So
61
83
06
86
89
86
61
83
72
88
88
85
60
83
73
89
39.4
39.4
04
83. 2
46.0
61.0 j
59.6 I
83. 5
88. 0
' 86. 7
89. 6
' 84.2
86
75
88
88
88
63
r
LABOR CONDITIONS
Hours of work per week in factories:
Actual, average per wage earner
hours—
41.8
38.7
Industrial disputes (strikes and lockouts):
Number of disputes (in progress)
210
Man-days idle
number.. •2,260.000 660,911
P 196, 000
Workers involved (in progress)
do
61, 782
Employment Service, United States:
Applications:
10,300,707 ,025,963
Active
file
do
306, 899 501,194
New
do
303, 129 799, 927
Placements
__
do
172, 354
60, 457
Private
do
.089
. 048
Placements to active
file
percent._
Labor turn-over in mfg. establishments:
Accession rate__mo. rates per 100 employees
4.41
3.30
on payroll
_.
Separation rate:
3.41
3. 76
Total
percent—
.22
.18
Discharge
do
2.S9
Lay-off
do
2. 14
.69
1.05
Quit
do
r
Revised.
38.4
249
632.811
58, 609
249
747, 963
89,691
301 !
307
1,330,425 897, 148
122,103
95, 270
325
1,012,027
122, 396
9,083,717 9,252,057 9,312,517 9.044,859 8,812,299
433, 585 355, 327 364, 758 300.516 295, 812
522, 762 387, 279 442, 331 454, 826 468.588
61, 883
66, 263
93,122 110,912 133, 802
.042
.047
.050
.058
.053
I
3.65
2.95
3. 57
.20
2. 66
.71
3.06 I
.17 j
2.21 1
287
1,308,037
131,129
40.0
292
'328
1,070,173 857, 159
122,148 I'114. 272
r
343
998, J13
123,275
v 266
1,037,986 J'2,025,000
155, 000
1,498,076 6,726,328 6,823.904 6,829,065 1,887,031 •6,832,246
370,233 395, 567 3S4, 762 355, 538 357, 178 r 339, 510
473,141 437, 837 436, 093 434,370 398. 888 r 330, 797
123, 517 117,900 130, 593 167,788 173,453 r 158,048
.065
.064
.058
. 048
.073
.064
3.97
4.46
4.05
4.49
4.94
4.72
5.09
4. 83
4.60
2.88
.19
1.83
3.29
,21
1.92
1.16
3.32
.20
2.06
1.06
3.28
.23
1.92
1.13
3. 22
.23
1.84
1.15
4.73
.27
3.23
1.23
3.30
.26
1.47
1.57
3.25
3. 04
.21
1.70
1. 13
* Preliminary.
1.72
1.20
30
SURVEY OF CURRENT BUS1XESS
Monthly statistics through December 1935,
together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1935
February 1037
1936
Decem- Decem- January
ber
ber
Febru-
Alarvh
April ! May | June
| August ! S e P ^ m ' October November
July
EMPLOYMENT CONDITIONS AND WAGES-"Continued
PAY ROLLS
Factory unadjusted (B. L. S.)._. 1923-25=100. _
Durable goods group..
do
Iron and steel and products
do
Blast furnaces, steel works, and rolling
mills
_
1923-25=100..
Structural and ornamental metal work
1923-25=100..
Tin cans, etc
do
Lumber and products
do
Furniture
do.... •
Millwork
do
Sawmills.
do....
Machinery
.
do
Agricultural implements
.do
Electric machinery, etc.
do
Foundry and machine shop products
1923-25=100Radios and phonographs
_.do
Metals, nonferrous.
.
do
Aluminum mfrs
do
Brass, bronze, and copper products
1923-25^100-.
Stamped and enameled ware
do—
Railroad repair shops
do
Electric railroads
__
do
Steam railroads
do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Cement
_
do
Glass
do
Transportation equipment.._.
do
Automobiles
do
Cars, electric and steam railroad, .do
Shipbuilding
„
do
Nondurable goods group
do
Chemicals and products
do
Chemicals
do
Druggists' preparations
do
Paints and varnishes
do
Petroleum refining
do
Rayon and products
do
Food and products
do
Baking
do
!
Beverages.. . . .
do
j
Slaughtering and meat packing...do....j
Leather and products
do
Boots and shoes....
-do
Leather
,
._do____
Paper and printing
do
Paper and pulp.
do
Rubber products
«do
Rubber tires and tubes
do
Textiles and products..
...do
Fabrics....
...do
Wearing apparel
.do
Tobacco manufactures
do
Factory, unadjusted, by cities and States:
j
City or industrial area:
I
Baltimore
.
1929-31-100..
Chicago
_
1925-27=100..!
Milwaukee
do I
New York
do
j
Philadelphia
1923-25=100..
Pittsburgh
...do
Wilmington
do
State:
Delaware
„
do
Illinois
1925-27=100..
Maryland
.1929-31 = 100..
Massachusetts.-.
1925-27= 100. J
New Jersey
1923-25 = 100-. I
New York.
1925-27= 100,-i
Pennsylvania—
__-1923-25= 100. J
Wisconsin
1925-27=100...
Nonmanufacturing, unadjusted ( B . L . S.):
Mining:
Anthracite
1929=100-.
Bituminous coal.—
do
Metalliferous
..do
Petroleum, crude, producing
do
Quarryinsr a n d nonmetallic
do
Public utilities:
Electric light a n d power and manufactured
gas
.1929=100—
Electric railroads, etc
.
do
Telephone a n d telegraph
do
' Revised.
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' 112.9
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58.5
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67. 5
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82.6
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91.7
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62.6
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71.0
r 50. 0
r
00. 4
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' 53. 7
r 59. 6
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54. 7
59. 9
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60.1
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66.5
89.8
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'78.8
'92.7
67.7
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91.8
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81.6
*•* n
SURVEY OF CURRENT BUSINESS
February 1937
Monthly statistics through December 1935, 1938
together with explanatory notes and references j
to the source of the data may be found in the I Deeem1936 Supplement to the Survey
l,er
1935
31
1936
j January February
March
April
May
June
July
August
Se
Novemn
CS
tober
1
ber
ber -|Oetob
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS-Contfnued
Nonmanufacturing—Continued.
Trade:
Retail, total
General merchandising
Other
Wholesale.
Miscellaneous:
Dyeing and cleaning
Laundries
Year round hotels
1929=100.
do...
do...
do___
_do
do...
___do._.
11 R. 3
63.5 !
77.3
69.3
104. 5
62.0
es.6
76. 0
60.5
52. 9
('7. 5
64.2
51.6
dS. 3
64. 9
59.1
66.6
60.7 I
69.0
65.3
81.0
62.1
67.9
65.8
80.8
62.7
68.2
66.4
81.3
63.3
68.4
65.1
77.3
62.6
69.0
64.4
76.4
61.9
69.7
66.6
'82.8
'63.3
70.6
68.3
87.2
64.4
71.6
70.1
91.3
65. 7
73.0
49.0
67.8
66.5
56,4 j
69.9
66.0
64.1
70. 9
66.3
72.2
75.6
67.0
69.2
75.8
66.6
64.8
79.0
66.0
63.2
76.7
66.1
66.1
76.6
'67.5
' 66. 7
r 75. 3
69. 6
60 0
74. 5
69.7
23.67 I
I
26. 43
19.14
15,24
89. 0 j
24.33
24.41
24.45
24.23
24.66
25.11
25. 51
r
27.18
19. 60
15.15
91.4 I
27.32
19. 67
14.98
91.7
27.31
19.74
15. 00
91.9
26.88
19. 56
15.14
91.1
27.49
20.04
15. 93
92.7
28.16
20. 25
15. 87
94.4
28. 55
20. 72
16. 06
95. 9
r 29. 03
21.20
16. 23
97.1
88.3
86.9
88.6
88.6
87. 0
87.2
87.8
87.8
89.2
89.9
92.4
91.4
90.9
92.1
92. 7
93. 0
93. 2
'04.2
95.2
94.1
WAGES-EARNINGS AND RATES
Factory, weekly earnings (25 industries)
(N. I. G. B.):
All wage earners
..dollars. J
Male:
i
Skilled and semiskilled
.do
Unskilled
do....
Female
do
j
All wage earners
.1923=300..!
Male:
|
Skilled and semiskilled
do
Unskilled
do....I
Female
...do
!
Factory av. hourly earnings (25 industries)
(N. I. C.B.):
All wage earners
.dollars..
Male:
Skilled and semiskilled
do
Unskilled
do
Female
do
Factory, weekly earnings, by States:
Delaware
1923-25=100..
Illinois
....1925-27=100Massachusetts
do
New Jersey
1923-25=100New York.
1925-27=100.-.
Pennsylvania
1923-25= 100. _ I
Wisconsin........
_
1925-27=100Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
_dol. per hour...
Skilled labor
do
Farm wages, without board (quarterly)
dol. per month...
Railways, wages (average)
dol. per hour.Road-building wTages, common labor, on
public works projects:
United States
--dol. per hour—
East North Central
do....
East South Central
do
Middle Atlantic
do
Mountain States..
do
New England.
do
Pacific States
do
South Atlantic.
_
do....
West North Central
—do
West South Central
do—..
Steel industry wages:
U. S. Steel Corporation t
do
Youngstown district, percent base scale.-.
23.38
23.40 |
23.14
30. 25
21. 87
10.92
100. 0
26. 32
19. 40
26.40 !
19.01 I
2G. 05
18.68
15. 38
87.0
08. 2
98. 2
1)8. 1
85. 4
87.1
91.2
85.7 I
85.3 I
87.
.604
.608
.500 I
. 433
.710
516
. 436
91. 5
89.8
05. 3
i07.
(•;
92 7
101.3
95. 8
87.9
25. 83
84. 6
83.8 !
89.
88.4 I
SS.2 '
88. 0
87.9
.613
.616
.617
.617
.616
.619
. 619
.624
. 673
. 492
.431
. 674
.489
. 430
.676
. 493
.429
.680
.496
.430
.684
.498
.432
.685
.496
.429
.684
.498
.428
. 683
.495
.429
.687
.496
.430
.689
. 498
.431
. 696
. 505
. 431
Fl'.l
96. 2
86. 4
86. 3
87.9
84. 4
81.7
87.1
95.4
85.7
85.0
86. 2
83. 4
81.9
87.4
95.4
85.6
85. 9
83.4
83.1
84.2
87.2
97.1
87. 0
87. 7
S8.4
84.6
83.5
88.5
97. 9
85.7
91.9
87.9
85.8
84.2
88.3
99.0
85.9
92.6
87.7
85.8
85.0
87.0
98.6
86.3
93.2
88.0
84. 4
84.1
88.1
98.5
87.2
91.5
83.2
82.3
84.4
89.4
99.5
89.0
95.0
89.4
80.5
83.1
87.9
96.4
87.0
93.4
86.3
86.9
87. 2
88. 6
101. 9
88.9
97.5
94. 0
'89.0
88. 0
90.0
103. 5
88.7
97.3
95.1
1.10
.547
1.12
.547
1.12
.547
1.13
.552
1.13
.558
1.14
.564
1.14
.554
1.15
.569
1.16
.569
1.16
.583
1.18
.583
1.18
. 686
28. 63
.682
.695
.671
.670
"."663"
.~672"
32.84
.667
.686
o?
I
.580
1. 18
30.87
.670
32.21
.664 """"."665"
|
.39
.01
.30
.50
. 50
.45
.31
.50
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125. 0
.41
. 55
.30
.44
.56
.48
.60
.33
.48
.36
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115.0 I
.40 !
.58 |
.30 !
•551
.'48 I
.60
.31
.48
.37
.62
.30
.48
.55
.50
.59
.38
.60
.30 j
•46 I
.54 I
.50 I
.57
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. 485
115. 0
. 485
115.0
.36
.485
115.0 i
.38
.57
.30
.46
.55
.52
.57
.33
.46
.37
.42
.56
..30
.45
.57
.48
.55
.34
.48
.36
.42
.54
.30
.46
.56
.47
.55
.33
.49
.36
.42
.56
.30
.46
.56
.50
.54
.33
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.36
.41
.54
.30
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.49
.51
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.58
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.56
.32
.50
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.60
.33
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.55
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.53
.33
.50
.35
.41
.63
.30
.48
.53
.47
.52
.31
.51
.34
.485
115.0
.485
115.0
.485
115.0
.485
117.0
.485
117.0
.485
117.0
.485
117.0
. 485
125.0
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mills, of dol..
Held by Federal Reserve banks:
For own account-_
.mills, of dol..
For foreign correspondents...
do
Held by group of accepting banks:
Total
mills, of dol
Own bills
__
do
Purchased bills
do
Held bv others _ .
_
do
Com'l paper outstanding
do
Agricultural loans outstanding:
Grand total
do
Farm mortgage loans, total __
do
Federal land banks.
_do
Land bank commissioner
do..._.
Loans to cooperatives, total
.
do
Federal intermediate credit (direct)
mills, of dol—
Banks for cooperatives incl. Central
Bank
mills, of doL.
Agricultural Marketing Act revolving
fund
_
mills, of doll.
r
0
373
397
384
377
359
344
331
316
316
308
315
330
319
315
151
164
368
183
385
29
172
353
LSI
172
31
178
340
172
168
37
176
321
150
171
38
ISO
310
143
167
34
174
297
155
142
34
184
276
129
147
40
169
278
131
147
37
188
279
140
139
29
205
276
139
137
39
197
296
150
147
34
199
309
157
152
40
191
3, 361
2, 901
2, 064
837
125
3, 320
2,867
2,072
795
3,316
2, 809
2, 066
803
93
3, 317
2, 869
2,059
811
89
3,337
2, 87S
2,060
818
3, 362
2,885
2,062
823
85
3,374
2, 890
2,063
827
82
3,381
2,891
2,064
827
84
3,385
2,894
2,065
829
88
3,382
2,899
2,067
832
89
3,379
2,902
2,068
834
105
3. 376
2, 903
2,068
835
123
3, 369
2, 902
2, 066
836
130
2
2
1
(a)
(a)
1
1
97
3
70
54
50
44
47
43
41
40
40
40
43
44
56
71
44
44
44
44
42
45
44
44
49
51
Revised.
Less than 1 million dollars.
\ Basic rate for common labor.
§ Construction wage rates as of Jan. 1, 1937—common labor, $0,603; skilled labor, $1,24.
56
32
SURVEY OF CURRENT BUSINESS
February 1937
193G
Monthly statistics through December 1935,
together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
Januaryj February
March
April
May
June
July
August
I Se
October November
FINANCE—Continued
BANKING—Continued
Agricultural loans outstanding—Continued.
Short term credit, total
mills, of dol_.
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.', prod,
credit ass'ns and banks for cooperatives.
mills, of doLOther financing institutions
do
Production credit ass'ns
_do
Regional agr. credit corp
__do
Emergency prop loans
do
Drought relief loans
do
Joint stock land banks inliquidation...do
Bank debits, total
do
New York City
do
Outside New York City
do
Brokers' loans:
To N. Y. S. E. members
do
By reporting member banks:
To brokers and dealers in New York City
mills, of dol—.
To brokers and dealers outside New York
City
mills of dol...
Federal Reserve banks, condition, end of mo.:
Assets (resources) total
mills, of dol__.
Reserve bank, credit outstanding, total
mills, of dol...
Bills bought
do
Bills discounted.--..do
United States securities
.do
Reserves, total
do
Gold...
do....
Liabilities, total
do
Deposit^ total
do
Member bank reserve balances, total
mills, of dol..
Excess reserves (estimated)
do
Notes in circulation
do
Reserve ratio
...percent
Federal Reserve reporting member banks,
condition, end of month:
Deposits:
Demand
_
..mills, ofdoL.
Time
_
do
Investments, total
do
U. S. Government direct obligations.do
U. S. Government guaranteed issues.do
0ther securities
_
do
Loans, total
do
Acceptances and commercial paper..do
On reul estate
..do
To banks
do
On securities
__
do
Other loans
do
Interest rates:
Acceptances, bankers' prime
percent..
Bank rates to customers:
In NewYork City
do
In eight other northern and eastern cities
percent. .
In twenty-seven southern and western
cities
_.
percent..
Call loans, renewal (N. Y. S. E.)
do
Com'l paper, prime (4-6 mos.)
do
Discount rate, N. Y. F. R. Bank
do
Federal Land Bank loans
do
Intermediate credit bank loans
do
Time loans, 90 days (N. Y. S. E.)
do
Savings deposits:
N. Y. State savings banks
mills, of doL.
U. S. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks
do
356
130
39
105
104
00
22, 658
23, 238
354 !
105
47
43
107
06
170
36, 360
17, 684
IS, 676
405
372!
41
J05
On
170
35, 424
17, 925
17, 499
Ill
47
103
41
101
()1
166
31,572
13, 806
15, 766
924
1,051
938
925
1, 047
980
893
183
171
171
J 2. 525
llt 020
11,088
11,091
2. .000
3
3
2, 430
2, 480
o
2. 479
123
48
110
40
104
<U
lf-2
37, W,
19. 62!)
17, 867
133
50
12s
39
112
63
158
34. 783
17, 2->0
1?! 497
140
135
38
114
03
154
33. 225
16. 227
It), 998
997
1, 064
970
990
1,032
1, 154
220
2(;9
238
11, 184 j 11,260
11, 127
2. 473
2, 475
973
2, 431
7, 109
11, 020
6, 3«6
8, 006
7, 668
11, 0*8
6, 0i7
0, 60(>
i,084
4, 284
80. 1
5, 587
2, 844
3, 709
77.6
5, 800
3, 084
3, (.33
78. 1
2, 430
8, 021.
7, 085
11,094
6, 535
2, 430
8, 027
7, 680
11, 127
0, 497
5, 784
2, 986
3, 732
5, 087
2, 305
3. 764
78. 2
2,
8,
7.
ll\
430
049
717
184
146
53
141
35
112
62
147
34.816
16, 199
18, 617
144
53
136
33
111
62
145
31, 409
14, 303
17, 106
907 I
974
907
958
220
205
11,629
11 621
2, 473
-, XJ~
2. 430
\ 132
4
2, 430
8, 385
4
2, 430
8, 503
8,210
11,629
6, 758
8, 119
Ili266 , 11,574
6, 574 j
5, 480
2, 664
3. 762
78, 3
394
2, 474
9
9. 121
8, 865
403
5, 633
2.717
4, 034
79. 0
6, 005
3, 029
3. 97.N
79. 2
14,580
14.258
14, 679
5, 035
5. 047
5, 011
13, 522
13,452
14, 159
8! 043 1 8. 802
8,909 I 9,510
1,265 | 1,281
1,305
1, 289
3,321 I
3, 308
3, 309
3, 360
8, 392 | 8,313
8, 626
8, 460
352
316
315
315
1, 144
1, 141
1, 147
1.145
92
88
62
67
3, 486
3,313
3,319
3, 304
3, 495
3,619
3,485 ' 3, 586
14,850
5,015
14. 084
9, 456
1,272
3, 356
8, 294
319
1, 144
58
3, 173
3,600
5, 719
2, 866
3, 795
78. 4
9
470
3
2. 430
8, 579
8,312
11, 621
6,800
6, 410
1,950
4,018 I
79.3 '
139
48
122
31
110
62
142
,212
', 656
, 5.86
972
136
42
111
29
107
01
130
37,313
17, 171
20, 142
39
105
26
105
61
136
35. 869
17.394
18, 475
975
984
933
969
220
212
12, 057
12,208
2, 473
2, 476
3
3
6
9
2, 430
2, 430
8, 059 | 8.914
8.397
8, 662
11. SI ,2 12, 057
6, 844
7, 035
2, 453
3
11,862
5, 357
1. 840
4.049
79. 5
0. 753
2, 175
2. 430
9, 048
8.810
12,208
7, 068
4. 116
79. 9
6, 788
2, 236
4, 199
80. 3
15. 340
5, 065
13, 796
9, 274
1, 257
3, 265
8,721
313
1,143
53
3, 179
4, 033
15,464
5. 037
13, 647
9, 173
1, 246
3, 228
8.812
324
1, 152
63
3, 205
4, 068
!
13, 887
4,911
12,646
8, 408
1, 126
3, 052
8, 249
362
1, 136
76
3,274
3, 401
14. 017
4. 888
12, 990
8, 655
3, 169
7, 999
360
1, 142
65
3, 128
3,304
14, 090
4, 900
13.047
8, 090
1, 201
3, 156
7, 959
349
1, 146
6<j
3, 117
3,281 j
13,57S
4,909
14, 867
15, 116
5,032
5, 063
13,809
13,929
9,263 j 9,330
1, 236
1.256
3.310
3, 337
8. 454
8,753
318
311
1, 145
1, 139
3, 17*7
3. 749
112
3.242
3, 949
H
2.61
lH
Me
2.56
2. 61
2.51
2.44
2.44
2 49
2.40
2. 46
2. 43
3.45
3.51
3.61
3.47
3.45
3.50
3. 47
4. 43
.93
4.39
1. 00
4. 35
1. 00
4. 25
1.00
4.29
1.00
4. 23
1.00
n
H
4. 22
1. 00
1.50
4.00
2. 00
1.50
4. 00
2. 00
If i
5,210
5, 201
3.67
3.62
3. 63
3.60
4.55
.75
4.47
.75
4.51
4. 44
1. 50
4.00
2.00
1
1.50
4.00
2.00
1
1.50
4.00
2.00
1
'%
1.50
4.00
2. 00
1
4.00
2.00
1
4.40
. 75
u
1. 50
1. 50
4.00
2.00
u
1.50
4.00
2.00 I
VA
1. 50
4.00
2.00
m
1. 50
4. 00
2. 00
1. 50
4.00
2. 00
IK
5, 243
5,187
5,177
5,177
5,204
5,175
5,165
5, 210
5,197
5,197
5,223
1, 200
132
1,201
287
1, 208
244
1,214
224
1,216
221
1,215
216
1, 214
211
1, 232
203
1, 244
172
1,249
166
1, 251
162
092
32
43
141
5
30
15
4
910
53
54
180
10
35
11
1,077
59
51
174
10
40
18
856
41
36
137
946
47
51
158
2
50
11
830
38
32
161
832
35
46
146
5
33
11
773
43
36
143
11
35
11
3
655
37
36
104
6
30
6
1
6
586
39
43
107
2
33
14
1
8
3
6
7
1
20
' 158
1,257
132
FAILURES
Commercial failures:
Grand total
number.
Commercial service, total
do_..
Construction, total
.
do...
Manufacturing, total
do
Chemicals and drugs
do_._
Foods
do.__
Forest products.
do.__
Fueis
_do.-_
Iron and steel
do.__
Leather and leather products
do...
Machinery
do.._
Paper, printing, and publishing..-do
Stone, clay, and glass
do...
Textiles
.
do...
Transportation equipment
do
Miscellaneous
do...
Retail trade, total
do...
Wholesale trade, total
.do...
<• R e v i s e d .
8
7
s
12
13
398
1
28
548
3 I
SI
3 j
6 i
12
5
39 |
II
30 I
25
701
bit i
21 !
544 !
98 !
639
34
42
131
4
37
0
6
6
8
7
10
27 |
3
23
602
88
2
18
506
93
8
21
533
71
*i|
479 !
365
67
18
3
13
408
70
10
328
69
on
35
34
105
688
29
46
139
43
11
8
11
17
4
14
382
14
409
65
February 1937
SURVEY OF CURRENT BUSINESS
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data, may be found in the Decem- DecemJanuary
1936 Supplement to the Survey
ber
ber
1936
February
March
April
May
June
July
August Septem- October November
FINANCE—Continued
FAILURES-Continued
Commercial failures—Continued.
LiabiUties:
Grand total
thous. of dol..
Commercial service, total
_do
Construction, total
do
Manufacturing, total
do
Chemicals and drugs
do
Foods
i
do
Forest products.do—
Fuels
do
Iron and steel
do
Leather and products
do
Machinery
do
Paper, printing, and publishing-do
Stone, clay, and glass
do
Textiles
do
Transportation equipment
do
Miscellaneous.—
do
Retail trade, total
do
Wholesale trade, total
do
12, 288
478
1,601
3,121
27
774
329
57
48
696
234
144
145
477
69
121
3,135
3,953
15, 686
2,969
1,971
4, 358
196
645
905
831
198
71
128
186
109
763
10
316
4,777
1,611
18,104
1,867
2,435
5,834
184
1, 588
925
15, 375
494
4,816
2,709
90
389
264
94
124
108
128
374
4
406
517
211
5,933
1, 423
9,177
638
1,050
2,541
95
509
394
78
162
244
228
147
7
356
8
313
3,535
1,413
9,904
1,314
1,873
2, 347
51
329
62
84
586
128
129
112
94
373
83
316
3,197
1,173
8,271
502
1, 498
1,852
225
340
209
35
112
33
205
176
12
253
101
151
3,255
1,164
9,819
557
1,148
3,212
148
487
377
45
190
208
403
258
5
848
27
216
3,391
1,511
8,266
501
573
3,469
423
1,391
378
43
89
33
65
405
103
211
94
234
2, 888
835
11,532
287
2, 781
3, 631
27
19, 435
4, 256
765
3,491
19, 539
4,234
759
3,475
19, 640
4, 220
752
3,468
19,775
4,198
746
3,452
19, 875
4,188
739
3, 449
19, 997
4,172
733
3,439
20,119
4, 167
726
3, 441
20, 239
4,158
720
3,438
9,412
4,018
2,022
2, 608
764
2,713
9,508
4, 076
2,043
2, 629
760
2, 705
9,639
4,170
2,049
2, 651
770
2, 699
9,795
4, 293
2, 060
2, 657
786
2,690
9,908
4,352
2,105
2, 635
816
2,676
10,015
4, 419
2,130
2, 643
823
2, 667
10,098
4,437
2,183
2, 647
831
2, 661
10, 227
4, 534
2, 230
2, 640
823
2, 653
10,346
4, 60fi
2,241.
2, 645
S54
2, 647
995
1,149
24
32
769
890
202
227
• 661, 945 •771,311
56, 213
30,498
212, 055 246,011
419,392 •469,087
250, 063 259,941
25,558
30, 781
9, 451
9,790
56, 245 58, 223
158,809 161,147
1,113
30
868
216
741,366
r 37, 213
244,356
459, 797
248, 049
30, 487
10, 679
47, 959
158,924
1,096
47
821
229
749,138
59,130
230,464
459,544
250. 655
30, 380
9,365
55, 009
155, 901
1,080
37
805
238
•768,076
42,095
233, 333
492,648
251, 841
27, 571
9,700
58, 926
155, 644
1,045
55
767
223
749, 491
79,323
220, 672
449, 496
255, 954
32, 673
10,047
51, 522
161,712
1,003
29
771
202
668,638
39, 540
221, 692
407, 406
235, 996
26,182
9,054
58, 685
142, 075
952
30
725
198
630, 831
35, 601
208, 001
387, 229
225, 486
25,555
10,109
52, 490
137, 332
1, 067
35
809
715,261
40, 507
232, 465
442, 289
239, 313
27,101
9,046
54, 734
148, 432
1, 090
29
853
208
709, 051
43,124
236, 846
429, 081
240,380
25, 592
9, 621
57,440
448, 087
506
210
56
62
178
504
211
54
60
179
533
224
58
62
189
513
208
57
63
185
452
175
56
57
164
426
168
49
56
153
491
201
52
62
176
478
196
.330
. 169
.086
.995
.051
4.94
. 066
.402
.373
.079
. 289
.679
.137
.331
. 169
.086
.998
.051
4.97
.066
.403
.375
.079
.291
.676
.136
.256
.797
. 334
. 169
.086
.997
.051
5.02
.066
.403
.379
.079
.294
.677
.137
.259
.797
.335
.169
.085
.999
.051
5.02
.066
.403
.379
.079
.293
.681
.137
.259
.798
.335
.169
.085
1.000
.052
5.03
.066
.402
.379
.079
.294
.679
.136
.259
.797
. 336
.169
.086
1.000
.052
5.04
. 065
.401
.380
.079
.294
.667
. 137
.260
.797
. 327
. lfiS
.087
1.000
.052
4.90
.047
.402
.370
. 055
.286
. 536
. 326
1.69
.087
1.001
.052
4.89
. 046
.402
. 369
. 053
. 286
.540
.088
.252
.800
10, 629
10,674
95
403
61
102
265
1,779
72
360
6, 245
1, 723
14, 089
404
1, 819
3, 360
12
1.164
340
99
227
49
125
246
4
828
12
254
6, 651
1,855
16, 271
650
4,484
4,371
21
707
248
1,546
90
51
218
322
146
568
47
407
5, 503
1,263
14,157
567
1,570
4, 959
108
762
169
122
154
140
93
19,008
4,377
804
3,572
19,139
4,349
796
3, 553
19, 233
4,313
786
3, 527
19,354
4,279
773
3, 506
9,110
3, 781
1,996
2, 592
740
2,741
9,191
3, 869
1,980
2, 600
742
2,731
9,211
3, 886
1,969
2, 598
758
2,720
1,058
54
777
227
805, 077
80, 570
216, 363
508,144
1,033
65
692
276
782, 250
74, 606
187,874
519, 770
348,175
64,250
10, 682
94, 212
179,031
948
30
703
215
681,451
40, 981
193,344
447, 126
283, 709
51,896
10,836
53, 805
167,172
561
221
61
71
208
576
233
64
69
209
118
479
203
49
54
173
460
198
47
52
163
525
222
56
62
185
.329
.169
.084
.990
.051
4.93
.066
.402
.372
.081
.287
.678
.137
.254
.331
.169
.084
.999
.051
4.96
.066
.404
.375
.083
.290
.682
.137
.256
.799
.333
.170
.084
1.001
.051
5.00
.067
.407
.377
.084
.291
.687
.138
. 258
.803
.331
.170
.085
.998
.051
4.97
.066
.404
.375
.080
.289
.684
.137
. 256
.800
10, 072
10,158
10,163
1, 250 -1,745
170
338
190,180 45, 981
- 9 , 506
23, 637
7,002
1, 020
808
625
no
848
5,581
1,480
1,273
r
2. 4
122
P6
28
3Sf>
5S2
221
371
H)7
164
3, 901
932
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total
mills, of dol.
Mortgage loans, total
do__.
Farm
do.__
Other
do—Bonds and stocks held (book value), total
mills, of dol—
Government
do—
Public utility
do—
Railroad..
do...
Other
doPolicy loans and premium notes
do...
Insurance written:
Policies and certificates, total number
thousands.
Group
do__Industrial
.do...
Ordinary
do—_
Value, total..,.
thous. of dol.
Group..,
.
..do
Industrial
do...
Ordinary...
...
do
Premium collections, total
do...
Annuities
do___
Group...
do
Industrial
__
—do—
Ordinary—
do...
993
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total .mills .of dol.
Eastern district
.do...
Far Western district
do_._
Southern district
do...
Western district
do...
Lapse rates
1925-26 = 100.
60
170
MONETARY STATISTICS
Foreign exchange rates:
Argentina
..dol. per paper peso._
.327
Belgium
dol. per belga—
. 169
Brazil
dol. permilreis..087
Canada
dol. per Canadian dol— 1.001
Chile
dol. per peso..
.052
England
dol. per £_.
4.91
France
dol. per franc.. 047
Germany
dol. per reichsmark..
.402
India
dol. per rupee..
.371
Italy
dol. per lira-.053
Japan
dol. per yen..
.285
Netherlands
dol. per florin.- .546
Spain §
dol. per peseta...
.077
Sweden
dol. per krona_.
.253
Uruguay
dol. per peso..800
Gold:
Monetary stocks, U. S
mills, of dol.. 11, 202
Movement, foreign:
Net release from earmark f...thous. of dol—
Exports..
-do
99
Imports
do
57,070
Net gold imports including gold released
from earmark •
thous. of dol.. 56,303
Production, Rand
fine
ounces.. 970,030
Receipts at mint, domestic
do
196, 248
Money in circulation, total
mills, of dol_.
6, 563
\ Or increase in earmarked gold (—).
10,172
10, 202
2,315
7,795
-155
51
28,106
10, 324
10,514
- 3 , 246 -24, 781
77
5
169,957 277, 851
10, 764
. 253
. 7,99
1, 0983
2,293 -11,945 -28,805 -11,253
117
42
32
695
67, 524 171,866 218, 929
16,074
17,672 55, 547 143,019 207, 559
191, 260 43, 898 -26,141
6,449
27,900 166, 706 252,993
906, 496 924, 081 894, 624 933, 776 912,639 938,050 944, 165 967,993 964, 517 967, 328 977, 421
193, 107 120,712 125, 529 156, 435 163, 674 181,140 157,081 264,140 228,557 237, 630 273, 318
0,321
6,258
6, 191
6,062
6, 203
5, 897
5, 892
5,918
5, 757
5, 779
5, 857
r
Revised.
§ No quotation in October and from Nov. 1 to 13, 1936.
• Or exports (—).
11,116
r
2, 956
127
75,962
' 78, 791
914, 783
220, 645
6, 401
SUKVEY OF CURRENT BUSINESS
1936
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1935
February 1937
1936
Decem- DecemJanuary i Februber
ary
ber
March I April I May I June
Julv
October
ber
November
FINANCE—Continued
i
MONETARY STATISTICS—Continued
Silver:
230
Exports
_.thous. of dol..
2, 267
Imports
do
.454
Price at New York
__dol. per fine oz__
Production, world
thous. offineoz_.
Canada
do
Mexico
do
United States
do
Stocks refinery, end of month:
United States
do
Canada
do..-.
I
47,603
.584
22,781
1,941
9, 600
3, 688
253
58, 483
473
19* 501
1,244
6,862
4,374
141
17, 536
.448
20, 652
1,414
7,159
5, 056
237
8,115
.448
21, 259
1, 845
6,840
5,329
535
4 490
449
19* 497
1,499
5 783
5 046
1, 058
658
1,109
570
1, 873
730
1,757
755
1 834
638
19, 772
1,276
6,710
4,754
197
23,981
.448
•21,374
1,450
7,157
5,293
138
6,574
.448
• 20,008
1,662
6, 457
4,616
143
16, 637
.448
• 21, 524
1,543
7,854
4,733
1, 316
691
1,151
409
1.101
345
1,535
317
203
4, 989
.449
268
26,931
. 448
21, 547
2, 083
5,417
6,391
411
• 4, 451
.454
779
1,247
545
510
985
403
204
8, 363
.448
• 21, 866
1,726
7, 078
5, 524
1, 357
5,561
CORPORATION P R O F I T S
(Quarterly)
!
Federal Reserve Bank of New York:
!
Industrial corporations, total (168 cos.)
j
mills, of dol--j
Autos, parts, and accessories (23 cos.) _do
!
Chemicals (13 cos.)
do I
Food products and beverages(19cos.).do
Machinery and machine manufactures
(17 cos.)
mills, of dol._
Metals and mining (12 cos.)
do
Oil (13 cos.)
do
Steel (11 cos.)
do..._
Miscellaneous (55 cos.)
do_...
Railways, class I (net op. income)!
do
Telephones (net op. income) •
do
Other public utilities (net income) (53 cos.)
mills, of d o l Standard Statistics Co., Inc.:f
j
Combined index, unadjusted (161 cos.)
i
1926=100.-1 101.1
Industrials (120 cos.)
do
109. l
Railroads (26 cos.)
do
51.2
Utilities (15 cos.)
do
131. 9
Combined index, adjusted (161 cos.)...do
104*5
Industrials (120 cos.)
do
]21. 0
Railroads (26 cos.)
do |
3s' 0
Utilities (15 cos.)
.do j 123,'5
170.9
73.0
32. 0
269.2
123. 7
41.4
20.1
216.9
54.7
42.6
24.3
7.4
4.0
10. 1
14.6
27.4
63.6
53. 3
8.2
3.7
10.9
3.0
15.6
10.8
3.5
18.4
28.5
34.1
66.5
56.4
49.7
50.5
199.8 I
75.1 i
41.6
19.6
73.1
76.1 I
29.5
115.0
76. 5
88.0
16.3
106.6
9.1
7.3
25. 3
29.2
57.3
'61.2
«* J 0. 5
' 110.4
r 68. 3
76.
15.8
' 102. 6
P47. 6
r
'89.3
J09. 1
10.9
' 106. 5
r
84. 2
r 97. 9 !
19.5
' 108.8
4.
4
'79.8
-90.3
r
27.1
' 103.3
'•74.4
r
84.1
r
5.4
' 117.2
PUBLIC FINANCE (FEDERAL)
30,520 I 31,459 1 31,425 | 31,636
33, 779
33, 444
30, 516
33, 380
Debt, gross, end of month.
.mills, of dol._ 34,407
33, 833 33, 833
33, 794
Obligations fully guaranteed by the U. S.
Government:
Amount outstanding by agencies, total
4,630
4,676 I 4,703
4,494
4,562
4,654
4,718
4,719
4, 068
4, 667
mills, of dol..
4,669
4,682
4, 667
1,422
1,387
1,411
1,422
1,422
1,399
1,422
1.407
1,407
1.422
Federal Farm Mortgage Corporation-do
\j 422
1,422
1,422
3, 044
2,855
3,013
3,029
3,045
2,911
2,994
Home Owners' Loan Corporation...do
2,'995
2. 970
2,995
2^993
3,008
2,993
252
252
252
252 !
252
253
Reconstruction Finance Corporation.do
j ' 251
252
252
253
252
252
252
Expenditures, total (incl. emergency)
|
thous. of doL. 1 684,821 684. 383 487, 274 517, 044 643, 098 681, 507 590, 006 2,406,077 457, 656 657,703 712, 560 739,979
591,016
Revenues, total
do ' 552, 607 479,722 279, 556 250,705 779,521 258, 759 274.415 564i 167 322,726 366,426 528,129 301,968
259,963
31,580
33. 599
34,763
Customs
do ! 33' 698 29,123
35, 554
33, 087 35, 342 32. 226 30, 268 32,122
35, 452
41,342
Internal revenue, total
do j 47s'633 375, 487 183, 765 185,001 691.051 202, 780 182,110 478.229 288,327 254, 026 467,642 199,248
176, 526
34, 517 303; 087
36, 061
40,118
29, 656 284, 421
Income tax
do I 281* 178 228, 999
43,610 404, 209 35,127
28, 034
31, 634
Taxes from:
j
1,405
1,319
1,532
1, 255
1, 568
Admissions to theaters, etc
.do ; 2,195 1,755
1,460
1, 266
1,384
1,670
1,797
1, 606
2,357
1, 565
1,654
2 992
Capital stock transfers, etc
do j 3' 17$
3,818
2, 871
2,346
1,932
4, 033
3.911
2,182
2, 954
230
283
174
185
Sales of produce (future delivery). do
j
' 325
263
238
511
457
202
' 165
300
221
596
321
Sales of radio sets, etc
do....
906
730
601
423
496
424
336
869
Reconstruction Finance Corporation loans outstanding end of month:
(Irand total
thous. of dol._ 2,168,160 2,728,682 2,741,437 12,705,734 2.649,851 |2,632,263 2,507,293 2,421,604 2,226,026 2,215,165 2,205,564 2,201,209 2,1 S I . 322
Section 5 as amended, total
do
712, 98i 965, 523 928,583 I 905,253 852,120 846, 269 836, 510 818, 426 769, 261 763, 294 748,411 739,643
718, 680
Bank and trust companies including receivers
thous. of dol.-j 201,432 377, 551 354, 801 335,672 285, 504 276,109 267, 001 258, 287 246, 523 236, 860 226, 451 218,889
208. 660
3,814
7,274
5,194
4,919
5, 557
4,026
Building and loan associations
do I 2,483
6,028
3, 653
3,378
2,902
2,714
4,972
5,180
6,185
5,747
5, 207
5,115
Insurance companies
do J 4,030
5, 852
4,890
4,429
i, 060
4,284
4,147
126,
534
124,
864 129,632 129,108 128,368
123,175
Mortgage loan companies
do i 131,181 127, 874 126, 652 125, 346 124, 547 125, 124
127,439
Railroads incl. receivers
. . d o j 345, 980 396, 250 393, 712 390,199 389, 239 394,168 393, 027 388. 432 350, 841 350, 948 349,261 353,810
345,190
39, 974
All other under section 5
do j 27,876
50, 389
38, 247
42,156
41,643
40, 572
39, 391
37,311
35, 784
40, 660
31, 390
30, 521
Total Emergency Relief Construction Act, I
as amended
thous. of dol - _ | 588, 997 732, 718 769, 321 771, 248 775, 237 760, 567 648,518 628, 682 564,487 570,670 577,607 584,069
587,863
Self-licniidating projects
do ! 193,252 146, 304 153,667 155, 321 159,670 i 163,597 172,538 168,489 174, 249 180,045 184,418 189,068
192.516
Financing of exports of agricultural sur- j
pluses
thous. of dol.-I
47
47 I
47
14,027 I 14,027
14,027
13, 584
47
47
47
47
Financing of agricultural commodities j
and livestock
thous. of doL.l 100,043 275,760 I 305,001 I 305,276 305, 546 300, 487 179,517 163,732 j 93,777
99,195
99, 643
94,355 I 97,147
Amounts made available for relief and j
work relief
thous. of doL-l 295,655 296,627 296, 626 296, 625 296, 436 296,436 296,416 i 296,414 296, 414 296,223 j 295,995 295,759
295, 657
Total, Bank Conservation Act, as amended j
thous. of dol..I 684,046 897,016 904, 685 887, 636 877,327 877,035 i 872.194 821, 704 722,910 706,395 I 702,151 695, 987
691,987
Other loans and authorizations
do 1 182,135 133, 425 138, 848 141, 598 145,167 148,392 I 150,071 152, 792 169, 368
181,510
182, 792
174,806
I
177,395
d
r
• Number varies.
Deficit.
v Preliminary.
Revised,
1 Figures shown on p. 54 of the 1936 Supplement are in thousands of dollars instead of in millions as the box heal indicates.
t Latest quarter estimated.
SURVEY OF CURRENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary
1936 Supplement to the Survey
ber
ber
1936
February
March
April
May
June
July
October
August September
November
67
32
11
10
FINANCE—Continued
CAPITAL FLOTATIONS
New Security Registration
New securities effectively registered with the
Securities and Exchange Commission:
Issues, total
number..
Common stock
do
Preferred stock
do
Certificates of participation, etc
do
Secured bonds
do
Debentures and short-term notes
do
Estimated gross proceeds, total
thous. of dol
Common stock
do..
Preferred stock
do__.
Certificates of participation, etc
do...
Secured bonds
do. _
Debentures and short-term notes do...
20, 873
4, 777
89,930
55, 219
83
34
13
13
15
8
.128
59
22
17
21
9
83
46
15
13
5
4
104
40
19
10
14
15
110
47
14
27
14
8
79
46
16
6
7
4
79
40
16
11
9
3
114
59
23
10
14
8
212,089 583, 391
81,519
27.113
28,793
31,464
7,442
13, 70S
98, 679 334, 716
41,125 130, 921
751,013
168.638
53, 973
35, 373
379, 436
113,593
319, 319
88,913
31, 506
13, 713
79,118
106, 069
523, 439
120, 487
77, 317
1,300
159,700
165,636
362. 925
84, 066
15,131
32, 898
170,987
59,843
286, 022
92, 750
35, 728
4,660
45, 634
107, 250
260, 080
76,140
29,271
17, 212
127, 918
9,539
526, 330
112,777
55, 643
29, 245
104, 752
223, 913
3
266, 026
47,421
30,201
7, 192
159, 036
22, 176
n
Securities Issued
(Commercial and Financial Chronicle)
Amount, all issues
thous. of dol.
Domestic issues
__.._.do__.
Foreign issuesdo...
Corporate, total..do...
Industrial
..do...
Investment trusts
_do.._
Land, buildings, etc., total
do...
Long term issues.._
do___
Apartments and hotels
.do...
Office and commercial.
do...
Public utilities
do.__
Railroads
do...
Miscellaneous
do...
Farm loan and Gov't agencies.
_.do..>
Municipal, States, etc
__do.._
Purpose of issue:
New capital, total..
..do
Domestic, total
.do
Corporate
do...
Farm loan and Gov't agencies
do...
Municipal, State, etc
do...
Foreign
do...
Refunding, total
do
Corporate
do._.
Type of securities (all issues):
Bonds and notes, total
_.
do___
Corporate—
..do...
Stocks
do...
724, 220
724, 220
0
625, 912
88, S75
1,000
3, 249
0
0
0
395, 594
49, 236
87.958
2, 660
95, 648
462, 422
422 422
40^ 000
167, 355
54, 504
2, 000
250
250
0
0
83,343
21,090
6,168
121, 500
133,567
410.824
354, 824
56,000
273,907
150, 589
0
250
0
0
0
28,550
94, 519
0
200
88,717
301,978
301,978
0
194, 613
37, 501
0
5,250
0
0
0
135,150
0
16, 413
10,200
97,165
767, 351 1,020,032
743,851 988, 532
23, 500
31, 500
594,853 687,751
101, 833 236,693
0
0
0
0
0
0
0
0
0
0
260, 779 315,587
223,391 122,197
8,850
13,273
20, 000 198,718
128, £99 102, 063
413,359
413,359
0
304,993
133, 822
4,800
148
0
0
0
116,096
48,727
1,400
9,671
98, 694
731,166
731,166
0
527, 630
199,653
0
1,903
0
0
0
185,336
106,795
33,943
94,429
109,107
338,383
338,383
0
294,393
49,050
7,125
1,000
0
0
0
149,804
49,690
37, 724
2,080
41,910
295, 555
295, 555
0
232,438
16,001
0
973
0
0
0
43, 473
51, 500
120,492
7,800
55, 317
408,959
408,959
0
250, 050
88,142
0
4,500
0
0
0
121,050
24, 475
11,983
0
158,909
464, 765
449, 765
15, 000
381,402
64,462
0
6, 320
0
0
0
264,288
9,150
37,182
1,000
82, 363
353,881
330,381
23, 500
239, 004
91,368
0
100
0
()
0
84,337
16,379
46, 820
28,454
62, 923
266, 480
266, 480
218,206
0
48, 274
0
457, 740
407, 707
221, 206
221, 200
66,738
40, 290
114,179
0
241, 216
100,617
123, 253
115,253
72,935
0
50,318
8, 000
287, 571
200,973
106,739
106,739
13,473
4,000
89,266
0
195, 239
181,141
129, 527
129,527
58,816
11,000
59,711
0
637, 824
536, 037
176,672
176,672
127,879
0
48,793
0
843,360
559,872
111,571
111,571
37, 608
5,900
68, 063
0
301, 788
267, 385
217, 270
217, 270
151, 874
1, 000
64,396
0
513,896
375, 756
102, 769
102,769
69,809
0
32,959
0
235, 614
224, 583
216, 510
216, 510
170, 799
0
45, 712
0
79,044
61, 639
178,989
178,989
74,590
0
104,399
0
229,970
175,460
188, 694
173, 694
109, 885
0
78, 809
15,000
276,070
271, 517
156, 399
156, 399
109, 077
0
47, 322
0
197,482
129,927
592,927
494,619
131,294
427, 960 406, 635 280, 815 743,059
132, 893 273, 907 173,450 594, 853
23, 692
34, 462
4,189
21,163
955, 533
623,252
64, 498
373,491
265,125
39, 868
651,980
448,444
79,186
305,184
261,194
33.199
264,290
201,173
31,265
363, 534
204,625
45, 425
392, 677
309,314
72, 088
308,143
216,016
22, 338
96,396 ••118,092
91,889
10,700
' 43,934
22, 746
67,447
18,201
159,266
51, 748
' 82, 491
8,389
r 69,241
r 22, 627
768, 278 1,328,691 1,032,278
148,124 415,816 395,058
662,183
213,787
514, 893
113,037
518,782
230, 599
(Bond Buyer)
State and municipal issues:
Permanent (long term)
Temporary (short term)
thous. of dol.
do._.
91, 574 126, 454 93, 726
82, 685 30, 298 118,586
120,085
37, 219
111,974
74,814
321, 637 466,193
45, 297 52,161
800,684
92,053
591,079
80, 460
94,561
22,800
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat-.,
.-_.
thous. of bu. 1,164,158 569, 073 448,466
Corn...
_do... 258, 319 100, 377 53,744
SECURITY MARKETS
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollars.
Domestic
do...
Foreign. _.
do...
Domestic (Dow-Jones) (40 bonds)
percent of par 4% bond.
Industrials (10 bonds)...
do...
Public utilities (10 bonds)
do...
Rails, high grade (10 bonds)
do...
Rails, second grade (10 bonds)
do...
Domestic (Stand. Stat.)
Corporate (45 bonds)
_.
dollars.
Municipal (15 bonds)
_do._
U. S. Government (Stand. Stat.):
7 bonds
do...
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value
-thous. of dol.
Par value
do
On New York Stock Exchange:
Market value
thous. of dol.
Par value
do.
Sales on N. Y. S. E., exclusive of stopped sales
(Dow-Jones) :
Par value:
Total....—
...thous. of dol..
Liberty and Treasury bonds... do
•• Revised.
97. 35
J00. 76
69. 10
91.85
94. 47
79. 03
93. 59
96.16
80.87
94. 44
80! 32
94. 47
97. 26
79.76
93. 90
96. 69
79.21
93. 83
97.38
67.47
94. 24
97.63
67.87
94. 78
98.19
68.39
95. 39
98.81
68.68
95.79
99.27
68.00
95. 92
99. 4!
68. 16
97.01
110.55
68. 63
103.04
107.41
101.68
132.32
82.51
86. 50
97. 56
92, 83
116. 92
59. 99
92.72
102.88
97.94
120. 77
66. 96
96. 41
103.57
99.13
123. 69
73. 18
96. 50
101.76
97.51
126.34
74.32
94.97
101. 39
98.14
126.22
70.70
94.88
101. 09
98.14
126.90
70.43
96.11
102. 09
98.69
127.15
72.31
97. 35
103. 68
98.86
126. 58
74.45
99.38
104. 06
100. 88
126.98
77.78
101.19
105.18
101.55
128. 37
80.74
102. 59
105. 62
102.22
129. 49
83. 21
102. 70
106. 78
102.17
130.68
82. 34
105.4
124.8
100. 0
112.6
102.7
113.2
104. 3
114.4
104.4
116.0
103.7
116. 2
102.7
116.2
102.6
116.9
102.4
117.4
103.0
117.8
104. 3
118.8
104.9
119.5
105.4
122. 1
112.3
108. 4
108.8
109.3
110.0
110.2
110.3
110.4
110.3
110.8
111.1
111.0
443, 264 395, 266 336, 206
622, 546 511,121 410, 410
251, 878
301, 433
208, 596
249, 620
283, 772
332,383
292,443
350,594
221, 368
275,306
287, 861
378, 520
329,488
420, 739
293, 709
353,380
338, 695 305, 052 261, 553
492, 214 402,610 323, 695
197, 277
236,792
163, 983
197, 217
231,088
271,044
238, 071
287, 510
179,534
225, 927
240, 020
322, 466
274, 094
353, 830
246,072
297, 521
231, 827 2,586,314
0 2,135,000
291.650
0
224, 923 1,087,961
0 914,000
396,197
0
197,835
0
317, 484 314, 083
446, 393 448, 712
261,214 239, 442
379, 805 352, 057
531, 209 314, 429 476,137
0
20, 464 33,118
175,145 2,275,275 774,052
10, 000 1,809,000 180, 000
36
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1936
February 1937
1936
1935
Decem- Decem- January
ber
. ber
February
March
April
May
June
July
October NovemAugust September
ber
FINANCE—Continued
SECUEITY MARKETS—Continued
Bonds—Continued
Value, issues listed on N. Y. S. E.:
Par, all issues
mills, of doL.
Domestie issues
do—
Foreign issues
do
Market value, all issues
do
Domestic issues
do
Foreign issues.
_
do
Yields:
Standard statistics:
Corporate issues (45 bonds)
percent-.
Industrials (15 bonds)
do
Public utilities (15 bonds)—
do
Railroads (15 bonds)
do
Municipals (15 bonds)
do
Bond Buyer domestic municipals (20 bonds)
percent-.
U. S. Treasury bonds
do
46, 280
41,301
4, 979
45,054
41,013
3, 441
42,893
35, 619
7,274
39,399
33, 650
5,749
43,113
35, 851
7,263
40, 348
34, 475
5,873
43,015
35,934
7,082
40, 625
34, 936
5,688
44, 255
37,196
7,059
41,807
36,177
5,630
44, 223
37,150
7,073
41, 525
35,922
5,603
42, 255
37, 242
5,013
39, 648
36,266
3,382
44,164
39,128
5,036
41,619
38, 201
3,418
43, 981
38,947
5,034
41, 685
38, 242
3,443
44, 279
39, 241
5,038
42, 236
38, 776
3,460
45,211
40,178
5,033
43,305
39,883
3,422
45, 018
39,988
5,031
43,180
39,751
3,429
45,026
40, 038
4, 988
43, 680
40, 257
3. 423
4.18
4.30
4,00
4. 24
2 31
4.50
4.44
4. 17
4.87
2.97
4.34
4.29
4.09
4.63
2.93
4.25
4.27
4.04
4.43
2.86
4.24
4.32
4.01
4.37
2.78
4.28
4.38
4.00
4.45
2.76
4.34
4.45
4.04
4.52
2.76
4.34
4.44
4.03
4.56
2.72
4.35
4.45
4.02
4.58
2.70
4.32
4.42
4.02
4.52
2.68
4.24
4.40
4.00
4.33
2.62
4.21
4.40
4.01
4.24
2.58
4. 18
4. 33
4. 00
4.22
2.45
2.62
3.25
2.73
3.11
2.68
3.04
2.62
3.03
2.54
3.12
2.51
3.00
2.50
2.99
2.50
2.95
2.50
2.91
2.43
2.86
2.41
2. 85
2.42
2. 09
2.29
236, 196 331,918 231,730 233.697
215,003 317, 088 226, 642 226, 269
21,193
14, 830
., 088 7, 428
880, 262
814, 406
65, 856
1,457.2
923. 94
1,825. r,
923. 99
Cash Dividend Payments and Rates
Dividend payments (N. Y. Times):
j
Total
thous. of doL.i
Industrials and misc
do
Railroads
do
Dividend payments and rates (Moody's):
Annual payments at current rates (600 companies)
mills, of doLNumber of shares, adjusted
millions..
Dividend rate per share (weighted average)
(600 cos.)
dollars-Banks (21)
do
Industrials (492 cos.)
do
Insurance (21 cos.)
do
Public utilities (30 cos.)
do
Railroads (36 cos.)
do
437,541
407, 957
29,584
301,403 228,328 273, 649 200, 042 162,174 409, 552
280, 609 184, 035 259, 487 192. 321 155,519 375, 035
14, 162
20, 794 44, 293
7,718
6, 655 34, 517
1.876. 2
923. 50
1,298.7 1,311.5 1, 337. 2 1,345.5 1, 355. 8 1, 385. 2 1,397.4
923. 92 923. 92 923. 92 923. 92 923. 92 923. 92 923. 92
2.03
3.07
2.01
2. 09
1.77
1.41
2.98
1. 26
2.37
1.86
1.21
1.42
2.98
1.28
2.39
1.86
1.21
1.45
2.98
1.32
2.39
1.86
1.21
1.46
2.98
1.33
2.39
1.86
1.21
1.47
2.98
1.34
2.39
1.86
1.21
1.50
2.98
1.38
2.39
1.86
1.21
263, 830
237, 655
26, 175
1.51
3.00
1.41
2.03
1.86
1.21
1. 58
3.00
1.48
2.09
1.95
1.21
1,517.4 1, 539. 6 1, 568. 2
923. 94 923. 99 923. 99
1.64
3.00
1.56
2.09
1.96
1.21
1.67
3. 04
1.58
2. 13
1.99
1.21
Stocks
1.70
3.04
1.62
2.14
2.01
1.21
1.98
3. 04
1.96
2.14
2.04
1. 55
Prices:
Dow-Jones:
155.2
180.1
141.8
145. 9
151.8
155.9
155. 8
149. 3
162.3
165.9
175. 0
182.1
Industrials (30 stocks)
dol. pershare._
167.8
32.5
34.9
28.8
30.9
30.9
31.7
30.0
34.6
34.7
34.9
Public utilities (20 stocks)
do
32.3
34.5
35. 1
48.5
53.9
43.3
48.0
47.2
44.5
51.5
40.3
54.0
55.8
Railroads (20 stocks)
do
47.0
58.7
56.7
136. 46
116. 06 120. 00 120. 95 121.63
119.46
New York Times (50 stocks)
do
111.27
124. 28 130. 74 131. 55 133. 48 138.39
141. 46
203. 97 206.14
221.15
220. 56 222. 54 230. 40
231. 11
203. 36 211.69
Industrials (25 stocks)
do
190. 86 197. 67 201.17
238. 88
34.46
38.84
37.94
42. 55
44.42
37.12
Railroads (25 stocks)
do
41.81
35.57
40.33
31. 69
46.38
44. 04
36.88
Standard Statistics:
114.1
123.1
106.1
105. 6
109.2
113.0
100.1
108.7
108.9
101.0
118.7
Combined index (419 stocks) __.1926=100-.
95.3
124.2
130.2
143.0
120.9
120.6
124.3
128. 4
114.5
124.6
125. 3
116.2
136.0
Industrials (347 stocks)
do.
109.2
144.3
107.7
110.6
102.8
102.0
105.8
108.8
97.0
102.8
101.5
94.7
109.1
91.6
108. 9
Public utilities (40 stocks)
do_
55.4
54. 4
49.1
47.7
50.7
53.9
43.8
49.2
48.9
45.0
58.4
41.4
57.9
Railroads (32 stocks)
do.
75.1
70.6
65.8
65.0
72.1
76.5
70.5
66.4
64.1
62.6
75.3
69.1
70.4
Banks N. Y. (19 stocks)
do.
94.1
98.3
106. 8
95.2
96.1
96.5
107.5
102.1
94.2
93.8
96.1
101.7
Fire insurance (18 stocks).
do.
Sales:
Market value of shares sold (S. E. C ) :
On all registered exchanges, total t
thous. of dol-. 2,358,956 1,979,149 2,439,219 2,503,129 2,429,960 1,936,193 1,223,444 ,164,147 1,765,391 ,435,776 ,594,412 2,241,462 2,530,464
On New York Stock Exchange
do
2,025,678 1,738,247 2,069,564 2,140,084 2,092,308 1,679,839 1,077,672 1,002,190 1,526,176 ,248,924 ,387,439 1,948,171 2,188, 579
Number of shares sold:
On all registered exchanges, total (S. E. C.)
thous. of shares-. 99, 756 82, 870 119, 592 120, 963 101,923
50,937
79, 992
94, 209
59, 627
77,916
47,110
64,728
43,937
48, 272 37, 109 44,535
60,019
68,306
On N. Y. S. E., total (S. E. C.)
do..._ 71,123
87, 502 85, 305 75, 532 56,935
35, 943 31,897
63,344
Exclusive of odd lot and stopped sales
67,211
26,
564
45,
590
60,
871
21,
428
34,
787
30,
872
48,
605
51,
025
39,616
20,
615
43,
998
(N. Y. Times)
thous. of shares.
Shares listed, N. Y. S. E.:
58, 507
50, 202 51, 668 47, 774 49,998
50, 912 54, 067 54, 532 55,105
50,165
60, 020
Market value all listed shares~_mills. of dol_. 59, 878 46,946
1,337
1,321
1, 341
1, 344
1, 349
1,318
1,323
1, 330
1, 340
1, 348
1,356
1, 360
1,339
Number of shares listed
millions. .
Yields:
3.4
3.4
3.4
4.0
3.3
3.3
3.6
3.4
3.5
3.5
3.3
3.5
3.9
Common stocks (200)*
percent
3. 1
3.2
4.0
3.0
3.3
3.3
3.4
3.5
3.3
3.0
3.0
3. 9
3.3
Industrials (125 stocks)*
do
3.2
2.5
3.
2.8
3.0
2. 8
2.4
2.4
2.7
2.8
2.2
3.0
2.8
Rails (25 stocks)*
do.
4.4
4.4
4.9
4.5
4.4
4.6
4.6
4.4
4.5
4.4
4.8
4.4
4.5
Utilities (25 stocks)*
do.
3.3
3.5
4.0
3.6
3.3
3.7
3.7
3.4
3.5
3.4
3.9
3. 4
Banks (15 stocks)*
do.
2.9
3.4
4.
1
3.0
3.1
3.5
3.
7
2. S
3.5
3.9
3.0
3.0
!
Insurance (10 stocks)*
do.
Preferred stocks, Standard Statistics:
5.11
5.04
4.99
5.10
5.05
5.04
5.03
5.02
5.06
5.
06
5.03
5.02
Industrials, high grade (20)
do.
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number.. 641,168
Foreign
do
7,382
Pennsylvania Railroad Co., total
do_.
Foreign
_.do__
U. S. Steel Corporation, total
do-_
Foreign
do_.
Shares held by brokers
percent of total
657, 651
7, 825
227, 251
3,111
184, 680
3, 925
21.56
653,435
7,859
225,120
3,101
181, 493
3,870
21.75
649, 876
7,804
223, 844
3,087
177, 758
3,941
22.72
* New series. For back figures and a description of the series on yields of 200 common stocks, see p. 18 of the Sept. 1936 issue,
f Figures were incorrectly reported previously for period July-November 1936.
645, 457
7, 540
221, 327
3,076
173, 633
3, 866
23. 51
37
SURVEY OF CURRENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary
1936 Supplement to the Survey
ber
ber
1936
February
March
April
May
June
July
August SeptemOctober
ber
N
<<™»"
FOREIGN TRADE
INDEXES
Exports:
Total value, unadjusted..
1923-25=100..
Total value, adjusted
do
U. S. merchandise, unadjusted:
Quantity
„
do
Value
do
Unit value.
..do
Imports:
Total value, unadjusted
._
do
Total value, adjusted
do
Imports for consumption, unadjusted:
Quantity
1923-25=100-Value
do
Unit value
do
Exports of agricultural products, quantity:
Total:
Unadjusted1910-14=100..
Adjusted
_
do
Total, excluding cotton:
Unadjusted
do
Adjusted
do
VALUE
Exports, incl. reexports
thous. of dol_.
By grand divisions and countries:
Africa
do
Asia and Oceania
-do
Japan
do
Europe-.
do
Prance
-do
Germany
„
do
Italy
do
United Kingdom
do
North America, northern
do
Canada
do
North America, southern
do
Mexico
do
South America.—
__.
do
Argentina—.
-do
Brazil
do
Chile
do
By economic classes (U. S. indse. only):
Total
_thous. of doL.
Crude materials
do
Cotton, unmanufactured
do
Foodstuffs, total
-do
Foodstuffs, crude
.-do
Foodstuffs, mfgd
do
Fruits and prep
do
Meats and fats
do
Wheat and
flour
do
Manufactures, semL
do
Manufactures, finished
...do
Autos and parts
.__
--do
Gasoline
do
Machinery
—do
General imports, total
do
By grand divisions and countries:
Africa
do
Asia and Oceania
do
Japan..
do
Europe
do
France
do
Germany
do
Italy
do
United Kingdom
do
North America, northern
do
Canada
do
North America, southern
do
Mexico
do
South America
do
Argentina
..do
Brazil
do
Chile
do
By economic classes (imports for consumption):
Total
do
Crude materials—
..do
Foodstuffs, crude
do
Foodstuffs, manufactureddo
Manufactures, semi...
_
__do
Manufactures,
finished
do
59
56
135
75
50
51
51
51
53
53
56
49
55
47
51
79
52
65
77
51
66
83
53
64
74
48
66
71
47
66
58
08
104
70
68
89
00
07
60
62
67
70
60
04
01
01
117
63
54
124
OS
55
123
67
54
93
59
64
52
65
58
58
58
57
60
60
62
55
63
58
59
58
59
62
110
56
51
113
58
52
113
59
53
115
61
53
116
63
54
110
59
54
114
61
53
115
62
54
76
59
52
76
59
39
41
38
229, 739
226, 605
67, 383
40, 230
13,112
3,644
9,468
3, 776
3, 325
1,931
34,901
111,208
28, 769
3,993
30,788
244, 321
239,835
75, 383
40, 221
33, 036
48, 967
42, 228
223, 469
197, 958
181, 838
194, 792
192, 629
200, 666
184, 908
179, 828
178, 314
264,740
225, 700
9,093
50,944
26,885
110,143
15, 700
12, 327
7, 944
41, 825
22,157
21, 760
17, 725
6,025
13,407
3,557
3,276
1,216
7,700
40, 290
18, 753
91, 669
11,666
7,136
5,420
37, 863
27, 390
26, 990
16, 693
5,642
14, 2J7
3, 784
3,950
1,193
8,307
32, 553
13, 251
83, 697
9,794
8, 803
7, 571
32,304
25, 638
25, 275
16, 281
5,277
15, 361
4,154
4,214
1,254
10, 553
38,332
16, 401
82,932
8,388
9,489
5,891
32, 012
27, 945
27, 356
19, 593
6,395
15,438
3, 876
4,109
1,274
9,215
39, 337
16, 211
78, 247
9,311
7,787
4,827
27, 954
32.128
31, 557
17, 902
5,932
15,801
4,031
3, 704
],562
9,326
38,902
14, 680
78, 097
7,301
7,240
5,697
30, 450
37, 500
36, 693
18,535
6,243
18.306
4,507
4,475
1,676
8, 628
38, 766
13,627
69, 400
8,893
6,541
4, 299
27,066
35, 498
34,875
16, 789
5,800
15, 828
4,662
3, 757
982
10, 562
35, 725
11, 975
64, 462
8, 448
7,041
2,873
27, 381
32,016
31, 296
17,819
6, 830
19, 243
5,957
3, 500
1,540
8,828
33, 570
10, 764
69, 978
8,484
5, 840
2,285
33, 223
32, 251
31, 516
18, 528
6,348
15,159
4,124
3, 557
1,071
9, 451
43, 054
21, 328
98, 937
14. 929
10, 213
2, 868
47, 498
32,142
31, 498
19, 370
6, 381
16, 596
4,646
3, 510
1,051
10,919
51, 065
26, 063
122.697
17,102
10, 905
5, 699
59,511
39, 180
38, 442
21,456
6, 670
19. 423
5, 296
5, 032
1, 272
8. 20S
44, 200
24, 100
98,230
11,410
9, 550
5,40L
43, 839
30, 539
35, 905
19,771
0, 799
18,812
5, 320
4, 807
1,288
192, 081 189, 408
44, 486
40, 431
26, 322
22, 764
16, 848
14,199
4,949
5,087
9,250
11,761
5,475
6,756
3, 340
3, 496
1,391
1, 439
32, 096
33, 802
98, 652 100, 976
23, 955
22, 972
3, 265
5,059
27, 872
30, 651
198,686 202, 789
196,913
42, 627
22,905
15, 925
4,621
11,304
5, 258
4, 231
1,464
35,115
103,245
22, 532
5, 570
29, 611
191,110
180,601
39, 310
19, 707
14, 509
4, 402
10,107
4,144
3,982
1,281
34,107
92, 674
19,135
4, 366
25, 962
190, 387
176, 397
3G, 379
10, 788
15, 036
3,774
11, 262
4,952
4,088
1,335
33, 282
97, 701
16, 915
5, 036
29, 311
194,114
175, 556
38,127
12, 360
19, 675
5,725
13, 950
8, 719
3,135
1, 656
32, 287
85, 467
12, 359
4, 983
25, 178
192, 375
217, 535
72, 819
38, 221
23, 349
5,697
17, 652
10,438
3,013
2,424
33, 860
89, 508
12, 451
5, 495
27, 307
215,645
201,903
100,418
58, 402
24, 923
7, 490
17, 433
11,831
3, 409
2, 541
36, 068
99,953
15, 700
4, 354
31,700
212,401
223, 321
82,173
40. 909
13,697
4, 309
9,328
4, 579
3, 500
1,429
32, 820
94, 020
21,218
5, 307
20, 408
190,491
220, 931
82, 685
56, 769
19, 698
5,169
14, 528
9,423
3,315
1,168
31, 698
86, 850
19, 723
7, 495
22, 530
186,968
195,085 179,195
50,054
59, 770
35, 665
26,647
14, 763
15, 863
4, 020
4,349
10, 743
11,514
6r 277
6, 339
3,297
2,853
1, 250
1,215
28, 319
28, 621
86,
059
90, 831
22,143
22, 083
5,104
3, 61C
25, 545
24, 569
187, 440 192, 776
220,149
4,054
58, 207
14, 370
60, 683
4, 969
8,162
4,740
15,054
27,453
26, 894
11,718
4,186
24,854
5, 224
9, 467
1,659
4,326
60, 377
15, 383
55, 201
5,807
5,967
3,170
14,617
23, 509
22, 934
19, 955
3,817
24, 073
4,940
8, 626
1,888
4, 794
58, 953
14, 531
53, 349
4,343
5, 770
2,853
16, 436
22,944
22,860
24, 738
4,539
27, 997
5, 077
10, 766
3,812
5,504
59, 766
12, 670
55,789
5,385
6, 490
2,812
16, 949
26, 675
26, 309
24,828
5,240
26, 125
5,700
9,469
2,448
6,408
66, 479
13,141
50, 408
4,357
5, 087
2,708
14, 299
27.129
26, 921
27, 209
5,090
25, 095
5,564
7,186
3,555
4,250
58, 263
12, 053
54,665
4,888
6,036
3,375
14, 770
30,100
29, 749
24,190
4,087
19, 641
3,821
5,923
2,896
2,425
60, 236
11,088
53, 543
4,163
5,866
2,904
14, 540
29, 917
29, 409
24, 214
4,052
20, 052
3,060
6,950
1,508
2,803
66,099
12,187
55, 049
4, 657
7,570
2, 861
14, 305
30, 990
30,594
19,149
4,044
20, 024
3, 597
7,241
1,433
3,164
60, 845
36,948
57, 089
5, 759
6, 023
2,480
15, 444
36, 620
36,161
12,515
3, 258
22,141
4,173
7,682
1,667
3, 585
07, 733
16,017
66, 291
5,905
7,212
3,171
17, 524
36, 015
34,998
17,103
3, 055
24,918
6,546
9, 455
1,476
3, 581
01,189
15,930
70, 722
0, 807
8, 707
4, 750
18,548
39, 068
38,532
13,100
3, 091
24,739
7, 585
8, 758
1, 001
3, 800
53, 098
15,340
04, 095
0, 105
0, 507
4,410
10, 025
38,775
38,331
12, 377
3, 435
23,14(1
7, 583
8, 4flfi
980
179,760
55, 548
27,116
17,712
42, 957
36,427
186,351
58, 412
26, 543
28, 733
39, 699
32,964
189, 589
58,613
28, 745
31, 547
40, 060
30, 625
194, 281
57,749
31, 221
32, 338
36,127
36,847
199, 787
62, 076
28, 690
37, 035
37, 577
34,409
188,421
55, 071
21, 759
34,080
38,456
39,056
193, 622
54, 612
22, 893
36.065
43,056
36,996
196. 516
56,022
24, 529
34, 726
42, 660
38, 579
200,090
61,663
28, 627
27, 630
40,814
41, 356
218, 370
69, 437
31,063
33,149
40,817
43, 904
213, 209
02, 758
33, 802
27,512
40, 530
48, 601
200,391
01.220
30, 582
27, 705
8,809
115
40, o;-;s
40, 241
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue.
thous. of dol.
Operating income
_do...
Electric Street Railways
Fares, average, cash rate
Passengers carried—
Operating revenues
cents...
8. 075
thousands.. 847, 775
.thous. of dol..
8,586
141
7, 745
143
7,708
127
8, 245
126
123
8,579
110
8, 435
123
8,323
119
8,371
120
8.101
799, 787
58,138
8.101
797, 242
57,874
8.101
780,142
50, 443
r 8. 099
814, 298
58, 752
8.092
790, 697
57, 627
8.092
788, 307
57, 426
8.092
758,943
55, 553
8.092
720, 396
53, 553
8.075
704, 440
52, 612
8, 975
120
8. 075
8. 075
737,523 814,254
54, 701 I 5'.), 900
8. 075
"f>7,VA7
38
SURVEY OF CURRENT BUSINESS
1935
Monthly statistics through December 1835, to- 1 9 3 6
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary |
1936 Supplement to the Survey
ber
ber
February 1937
1036
May
April
June
July
October I Noveii
ber
August ! »
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Steam Railways
Freight carloading (Federal Reserve):
Combined index, unadjusted._ 1923-25= 109.
Coal
do__.
Coke
do...
Forest products
do.__
Grain and products
do___
Livestock
do..
Merchandise, 1. c. 1.
.lo..
Ore
Miscellaneous
Combined index, adjusted. _.
Coal
Coke
Forest products
Grain and products
10.
Livestock
Merchandise, 1. c. 1
lo.
Ore
Miscellaneous
Freight carloading (A. A. R.):
Total cars %.
thousands.
Coal
...do...
Coke
do...
Forest products
do...
Grain and products
._
_do._.
Livestock
do__.
Merchandise, 1. c. 1
do...
Ore
do...
Miscellaneous
do.__
Freight-car surplus, total
do...
Box cars
do...
Coal cars
do...
Financial operations (Class I Railways):
Operating revenues, total
thous. of dol_.
Freight
...do...
Passenger
do...
Operating expenses
<lo - -.
Net railway operating income
do._.
Net income
..do...
Operating results:
Freight carried 1-mile.
mils, of tons.
Revenue per ton-mile
cents...
Passengers carried 1 mile
millions...
Canals:
Waterway Traffic
Cape Cod
thous. of short tons.
New York State
do...
Panama, total
thous. of long tons.
In U. S. vessels
do...
St. Lawrence
thous. of short tons.
Sault Ste. Marie
do.._
Suez
thous. of metric tons.
Welland
..thous. of short tons.
Rivers:
Allegheny
do...
Mississippi (Gov. barges)
do...
Monongahela
do...
Ohio (Pittsburgh district)__
..do...
Clearances, vessels in foreign trade:
Total
thous. of net tons.
Foreign
_
do...
United States..
do...
Travel
Operations on scheduled airlines:
Express carried
pounds..
Miles
flown
thous. of miles.
Passenger-miles
flown
do _. _
Passengers carried
number.
Hotels:
Average sale per occupied room
dollars.
Rooms occupied
..percent of total..
Restaurant sales index
1929=100.
Foreign travel:
Arrivals, U. S. citizens
number.
Departures, U. S. citizens
do...
Emigrants
do._.
Immi grants
do.__
Passports issued
do...
National Parks :f
Visitors
do.__
Automobiles
do._.
Pullman Co.:
Revenue passengers carried
thousands.
Revenues, total
thous. of dol.
COMMUNICATIONS
Telephones: §
Operating revenues
thous. of dol
Station revenues
do _ _
Tolls, message
do...
Operating expenses
do...
Net operating income
do._
Phones in service end of mo
thousands
Telegraphs and cables:
Operating revenues
thous. of dol—
Commercial telegraph tolls
do.
Operating expenses
do.
Operating income
do
74
92
97
46
71
45
06
23
83
80
86
90
57
73
45
71
95
107
62
79
63
88
37
61
39
62
14
67
71
74
68
45
02
39
66
58
86
38
67
39
60
15
03
65
100
89
37
70
107
83
70
73
70
44
84
39
64
71
80
70
97
79
36
68
33
62
02
74
78
73
42
70
38
04
62
79
' 2, 323
522
33
104
109
51
* 585
'26
892
271
155
68
2,353
587
37
47
3,135
906
54
134
151
53
730
28
1,078
171
104
22
296, 225
234, 053
34, 374
225. 826
46, 040
22, 449
299, 099
241, 160
34, 102
231, 779
35, 705
d
7,914
300, 459
245,145
31,902
235,906
33, 595
d
11, 674
26,175
.987
1, 787
27,858
29,153
.931
1,582
27, 992
.9U4
1, 539
224
0
2,149
232
238
0
2,188
852
44
440
2,029
167
0
0
2, 043
0
81
0
2,155
813
0
0
1,864
0
200
0
2, 034
981
0
0
2, 149
0
260
104
2, 601
1,372
191
98
1,664
834
112
98
1,270
035
43
102
547
56
50
140
1, 327
4, 351
5. 206
3, 719
1,488
4 , 521
3,184
1,337
4, 305
3. 049
1, 256
4, 039
400,061
4, 429
23,046
53, 507
354, 301
4, 245
18, 983
44,001
353, 293
3, 958
18, 122
41, 330
3. 10
60
91
2.95
56
78
2.94
08
82
6, 104
13, 648
12, 781
2, 984
2, 797
4,121
16 674
17, 130
2 980
2 540
5 098
20, 991
21,189
1,926
2,252
4,918
36, 891
11,489
49 643
14 145
1,409
4,094
2, 776
625
45
132
130
59
632
33
1,119
133
65
30
288
0
1, 539
214
22
373
3, 255
1,096
43,715
13,019
104
121
52
566
23
804
231
138
2, 419
423
27
122
136
48
622
24
1,017
205
104
61
2, 545
445
28
121
123
50
647
35
1, 096
i i
3, 352
557
41
162
155
61
795
187
1, 394
185
105
41
72
61
69
48
77
35
66
130
83
70
70
75
46
89
41
05
79
2 787
426
33
139
140
47
649
202
1,151
170
90
2,826
434
35
131
212
52
628
209
1,125
147
44
77
37
308, 304 313,410 ! 320, 966 330, 092
251, 821 256,322 262, 727 268, 542
30, 053
30, 516
30. 351
34,845
236, 579 235, 073 240, 234 241, 812
35, 206
41, 548
4!. 842
50,313
d
d
8, 316
2, 295 d 2, 420
8,902
349, 744
283, 944
39,187
248, 366
61, 774
19, 233
42 J
70
08
71
50
88
46
67
141
85
70
71
79
47
73
52
07
82
82
80
83
50
71
57
70
150
95
72
74
85
47
58
48
67
93
88
84
90
87
49
09
05
69
133
97
73
79
85
48
62
49
60
95
82
80
92
96
49
73
59
68
73
92
80
84
93
51
69
51
67
105
94
3,701
605
43
181
217
77
828
274
1,470
146
81
30
3,001
531
39
139
127
73
663
220
1,264
125
71
23
4,096
791
53
178
161
109
856
264
1, 683
112
65
17
3,013
625
45
130
131
350, 585 357,207
283, 602 291, 772
39, 321
36, 356
246,299 248, 553
64, 681
70,166
20, 857
26,406
391,457
326, 050
33,914
261,212
89,851
46, 234
358, 548
298, 220
32, 083
248,285
72,411
30, 083
33,865
65
73
47
117
41
60
139
84
73
74
83
48
9S
49
67
77
80
77
651
113
1,230
' 121
'63
r
23
28,145
1.015
1,573
29, 894
.975
1,578
2S. 760
1,023
1,941
31,144
1. 002
2, 261
32, 076
.971
2. 308
33, 049
.964
2,004
37,148
. 955
1, 913
2.430
1,023
187
37
2, 091
95
270
568
2,420
940
1,300
8, 710
2,215
1,618
228
610
2, 400
989
1,207
9,835
1,981
1,444
258
738
2,450
976
997
10, 951
2,150
1, 322
232
605
2, 396
1, 058
1,060
10, 699
2, 554
1, 366
258
821
2, 520
1,054
1,130
11, 041
2,172
1, 407
281
722
2,403
962
1,380
10,789
2,172
1,646
255
717
1,747
485
999
7, 094
220
188
1,928
803
365
200
2, 361
1, 246
367
155
2, 457
1,319
405
143
2,564
1,399
404
138
2,623
1,461
378
127
2,509
1,425
428
129
2,661
1, 452
134
r
129
2, 440
1, 355
4,872
3,329
1,542
0,057
3,901
2, 155
6,134
4, 121
% 013
6, 564
4,418
2,140
6, 886
4, 694
2,192
6,668
4,606
2,001
5, 973
4, 209
1,764
4,881
3,03!
1,249
538,736
4,800
31.730
70, 926
483, 505
4,885
30, 326
71, 449
483,798
5, 511
40, 097
96, 368
701, 142
5 620
40', 252
97, 453
613,837
6, 043
44, 364
111,072
565, 358
0, 040
43,109
100, 143
052, 930
5,756
43, 510
101, 239
799, 266
5,913
44,411
102,917
751,890
5, 039
42,891
96,019
2.89
65
78
3. 00
68
93
2. 85
04
86
.97
64
93
2.98
61
'89
3.10
01
91
3.09
66
91
3.14
09
95
3.28
05
90
30, 678
26,081
2, 108
2, 591
8, 071
24, 808
24,149
2, 134
3,016
15,509
20,010
21,686
2, 643
3, 067
27, 725
21, 038
22, 732
% 527
3,008
31, 305
30, 346
30, 361
2,780
3, 571
16, 980
61,230
57, 067
3,004
3,891
8,198
63, 575
48, 093
2,612
4,606
6,564
33, 170
30, 240
2,436
5,101
5,059
10,973
22, 983
2, 708
3, 871
5,805
42, 280
12, 270
47,083
14,120
67, 767
20,06S
144,034
43, 128
311, 391
91, 575
655, 780
182, 958
622, 721
175,090
258, 495
77, 712
77, 783
24, 926
40,127
14,102
1 533
5 035
1, 359
4, 326
1,312
4, 479
1,353
4, 438
1, 295
4, 163
1,430
4, 705
1,516
5,019
1,505
5,211
1, 519
4, 929
1,469
4, 959
1,351
4, 309
86 783
57 167
17 291
14 770
85, 364
56, 329
21, 271
57, 649
17, 746
14,839
88, 909
57, 594
23, 459
59,562
19,165
14, 921
88,754
57, 667
23, 298
59,543
18, 818
15,004
89, 209
57, 864
23,486
59,614
19, 182
15, 088
89, 680
57 073
24* 110
59, 778
19, 268
15, 111
91,129
57, 6S1
25,406
62,136
18, 298
15, 549
89,
50,
24,
59,
18,
15,
571
727
692
960
853
622
90, 668
58,441
24,095
60, 923
19, 277
15, 762
93, 979
00, 781
24, 984
61,910
22,142
15,880
92, 393
60, 285
23,843
61,303
21,274
15,961
9 223
7 120
8 050
744
8,978
0,851
7,793
760
10, 046
9. 996 ' 10,025
7,742
7, 787
8, 156
8, 302
1,407
1,292
10, 551
8,244
8, 513
1.003
10, 534
8, 258
8,718
1.399
10,121
7,917
8,616
1.088
10,321
8,010
10, 564
8,134
8, 600
1, 438
9,803
7,541
8,310
1,070
960
1,695
r
21 895
59 498
3.01
66 '
82
d
520
V, 414
8, 288
1, 326
r
1,300
1,308
t Revised series. For revision for 1935 see p. 20 of the December 1936 issue.
Deficit.
•• Revised.
1 Data for February, May, August, and October of 1936 are for 5 weeks; other months, 4 weeks.
§ While the number of telephone carriers reporting varies somewhat, the coverage has shown very little change, and the series are comparable for all practical purposes.
39
SURVEY OF CURRENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data, may be found in the Decem- Decem1936 Supplement to the Survey
ber
1936
May
June
July
August
ber
\ October November
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
Consumption
thous. of wine galProduction
do _ _.
Stocks, end of month
do...
Alcohol, ethyl:
Production
thous. of proof galStocks, warehoused, end of mo
do...
W i t h d r a w n for denaturing
d o . _.
W i t h d r a w n , tax paid
do__.
Methanol:
Exports, refined
gallons.
Price, refined, wholesale (N. Y.)_dol. per galProduction:
Crude (wood distilled)
gallons.
Synthetic
do.. Explosives, shipments
thous. of lb..
Sulphur production (quarterly):
Louisiana
long tons Texas
do...
Sulphuric acid (fertilizer manufactures):
Consumed in production of fertilizer
short tons.
Price, wholesale, 66°, at works
dol. per short t o n .
Production
short t o n s .
Purchases:
From fertilizer manufacturers
do _ _ _
From others
d o . _.
Shipments:
To fertilizer manufacturers
do._.
To others
do...
7,950
7, 736
1, 632
6 143
6 207
1 739
19,943
9, 702
19,456
3,315
17,190
18, 461
12, 921
1,903
13 179
19 386
10 433
1 840
146, 621
.38
63, 733
.38
105 895
.38
11,243
11,079
1,131
5 645
5 693
1 767
5 942
6 006
1 836
6, 864
7, 635
2,607
7 302
7 409
2 707
14 303
22 429
9 512
054
12,818
21,146
10, 295
2, 441
14, 668
21, 311
13, 109
1, 989
14, 620
21, 300
12, 605
2,119
17,
25,
10.
2,
744
047
591
780
17 998
475
12 4,58
2 529
16,
26,
15,
2,
40 843
73 349
41 915
.38
.38
40, 897
.38
19 496
.38
18, 090
.38
5,954
5, 939
1,718
12,
20'.
9,
1,
747
315
860
649
.38
6, 117
6,101
2, 666
6 949
6 927
635
8,478
8,604
2, 756
16,103
15,034
1,682
12 O K
12 584
1 311
893
363
298
359
086
18 842
26 258
952
20
13
22
3
48 400
34 976
.38
66, 689
.38
30 888
.38
.'3b
476, 496 426, 313 427, 079 413, 930 '384,751
548, 982 478, 331 494, 081 494,144
447. 499 429, 500 511,541
520
2,009,952 1,654,794 1,418,863 1,540,171 1,631,832 1,692,921 1,754.998 1,863,405 1,950,825 2,309.377 2,695,591 3.278,052 3,417
30, 394
25, 509
28, 492
28, 825
25, 514
31,471
27, 483
30,481
32,567
34,151
35, 055
36, 472
37
G2, 700
126 406
374, 276
7Q
—
72 02'?
384 671
389, 608
-
170
360
161
215
453
73 605
436 338
180, 560
132, 508
125, 730
117, 864
106, 785
81 921
82, 396
95 168
99, 325
114 521
120 370
163 205
15. 50
182, 217
15.50
172, 823
15. 50
156, 878
1 3. 50
152 800
15. 50
141, 339
15.50
119,565
15.50
126, 419
1 5. 50
122 681
15.50
121,166
15.50
141, 501
15. 50
135, 717
1 5.50
169 814
43, 844
34, 272
30,185
22, 402
24, 932
22,193
13 352
15 111
15 722
15 988
10 ,721
12 273
13, 518
16, 725
15 437
26 922
29, 712
21, 111
30 065
383
32, 304
22, 918
43 439
31 710
37, 840
44, 860
38, 363
51,116
35, 007
47,163
20 921
37 170
22 307
54 306
13 258
55 451
20, 870
53, 492
18,129
49, 744
22,106
53, 351
31 221
45 962
24 103
51 118
23
56
178
68, 721
12, 10G
53, 393
119
124
137,754
17, 723
114,438
62
143, 580
75, 301
38, 528
8,075
56,899
341
164, 458
34, 025
112, 802
1, 233
149,473
89, 538
32, 642
4, 299
53, 097
545
149,917
36, 326
105, 420
276
218,892
165, 555
92,739
6, 332
43,885
249
144,811
19. 767
116,448
85
140,334
107,828
69, 733
7,348
8,677
84
101,923
7,400
89, 691
158
75,888
58,866
36, 216
4,619
6,065
44
151, 082
13.311
123,950
513
64,619
35, 320
6, 773
1,779
24,844
61
126, 899
9,131
105, 539
298
64, 514
36, 250
5,640
4, 480
19,427
145
150 753
14 470
121 554
799
72, 382
F51
32,
1, 383
2 494
32,' 310
r
175 12;',
15. 50
176, 500
r
39 203
4 4 523
538
27 388
57 756
138
173 426
37 286
127 067
269
167, 050
48, 958
19, 513
2, 837
57, 967
100
123 (509
12 004
99 750
450
99 001
49 126
2 083
951
40, 884
FERTILIZERS
Consumption, Southern States
thous. of short tons..
Exports, total
long tons..
Nitrogenous
do
Phosphate materials.
do
Prepared fertilizers
do
Imports, total
do
Nitrogenous
do
Nitrate of soda
do
Phosphates
do
Potash
do
Price, wholesale, nitrate of soda, 95 percent
(N. Y.)
dol. per cwt_.
Superphosphate (bulk):
Production
short tons..
Shipments to consumers
do
Stocks, end of month
do
161, 112
67, 346
29, 431
3, 526
87, 983
1.275
1
178
31
133
173
134
62
4
31
402
789
552
762
139
708
406
115
252
749
1
117
17
91
189
149
100
3
28
023
628
515
481
301
085
968
982
36S
553
1.285
1 325
1 325
1.325
1.325
1.375
1.375
393. 600 320,800
298, 073 259, 374
23, 502
28, 438
33,163
54, 687
,133,640 1,217,767 1,190,315 1,137 ,700
257 728
238 498
953 739
216, 558
219, 340
742,105
203,945
119,612
702. 335
225,485
45,817
721,243
243,162
9, 510
770, 790
256, 792
21, 113
845, 381
297, 090
127, 378
874, 588
369, 335
72 254
985^ 632
389, 369
32, 137
1,117, Oil
1. 375
1.275
1.325
1.325
1.325
NAVAL STORES
Pine oil, production
_
.gallons.
Rosin, gum:
Price, wholesale, " B " (N. Y.)..dol. per bbl.
Receipts, net, 3 ports
bbl. (500 lb.)-.
Stocks, 3 ports, end of month...
do
Rosin, wood:
Production
_
do
Stocks, end of month
do
Turpentine, gum, spirits of:
Price, wholesale (N. Y.)
dol. per galReceipts, net, 3 ports
bbl. (50 gal.)..
Stocks, 3 ports, end of month
do
Turpentine, wood:
Production
do_._
Stocks, end of month
do
413, 078
303, 625
343, 038
354, 433
346, 676
374 585
368,304
371, 036
365, 784
415, 922
404, 932
405, 527
404,105
10. 32
71, 307
190, 325
5.28
'75,370
315,021
L91
41, 226
271, 749
4.68
23, 348
222, 638
4.45
32, 002
156, 291
4. 51
58,894
144,782
4.50
82, 736
144, 258
5.12
97, 781
150, 592
5.83
108, 648
173, 946
6.91
101,939
188,065
7.23
95. 693
194,883
7.29
81, 814
194, 175
8. 25
70, 372
192, 780
57, 261
65, 416
43,894
72,901
52,156
80,278
52, 693
83, 021
51, 326
83 346
54, 209
87, 257
53, 640
93,152
52, 418
92, 945
55,151
79,128
58, 572
76,110
57, 789
77, 767
77^ 718
58, 023
69, 936
.47
.48
3, 808
135, 959
.47
1, 142
125, 285
.42
4 800
114, 789
.40
15 157
99, 320
.38
23,470
99, 562
.40
27, 418
105, 141
.42
29,810
108, 550
.43
26, 173
113, 983
.42
21, 894
114, 127
.41
18, 533
113, 702
.43
14, 457
109, 955
9,042
8, 740
11, 582
8, 580
10, 733
8, 662
10, 610
8,636
9,275
8,093
7,492
8, 523
7, 669
8, 785
8,019
8, 578
10, 228
8, 731
12, 634
8, 866
14, 840
.47
11.620
105, 431
r
13, 331
145, 216
9,100
16,906
7,355
5, 531
229, 922
463, 972
402, 244
210, 541
319,916
364, 010
176, 605
384, 461
208, 694
396, 857
123
384 249
58. 413
89, 332
60, 731
52, 121
68, 942
63, 645
46, 813
71, 680
46 611
75,908
68, 243
69 354
432, 209
44, 930
469, 674
39, 890
82, 502
123,684
2L6, 156
67, 328
117, 078
212, 667
553
809
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Consumption, factory
thous. of lb_.
Production
do
Stocks, end of quarter
do
Greases:
Consumption, factory
do
Production
do
Stocks, end of quarter
do
Lard compounds and substitutes:
Production
do
Stocks, end of quarter
do
Fish oils:
Consumption, factory
...do
Production
do
Stocks, end of quarter
_do
333,
36, 797
65, 874
45, 364
205,
245 453
375 493
358 645
53 265
82 139
64 321
349,861
39, 156
438 fiflfi
67, 334
12 006
147, 700
77 074
82 201
155, 492
40 619
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory
Exports
Imports
Production (quarterly)
Stocks, end of quarter:
Crude
Refined
r
Revised.
(quarterly)
thous. of lb.. ,114,164
190
do
...do
86,164
962, 139
do
do
...do
575,893
486, 208
Y, 004,980
329
115,431
950, 784
632, 757
477, 503
526
94,611
181
77, 068
......
854, 835
648
82, 003
707, 370
743, 420
593, 446
478
107, 837
..... ....
557
87, 928
688, 809
245
75, 455
400, 555
1 628, 160
492, K5?
718 747
490
84, 853
405
77,886
362
62, 429
484, 585
551, 613
288, 579
394
189
69,228
83,079
.__
40
SURVEY OF CURRENT BUSINESS
1935
Monthly statistics through December 1835, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary
1936 Supplement to the Survey
ber
ber
February 1937
1936
February
March i April
May
June
October NovemAugust September
ber
July
CHEMICALS AND ALLIED PRODUCTS—Continued
!
OILS, FATS, AND BYPEODUCTS-Con.
Vegetable Oils a n d Products—Continued
Copra:
Consumption, factory (quarterly)
short tons..
Imports
do
Stocks, end of quarter
do
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)..-thous. of lb_.
Refined (quarterly) _
do
In oleomargarine.
do
Imports
„
.
do
Production (quarterly):
Crude. _
_
do
Refined
do..__.
Stocks, end of quarter:
Crude
do—
Refined
do
Cottonseed:
Consumption (crush)
short tons..
Receipts at mills
do
Stocks at mills, end of mo
do
Cottonseed cake and meal:
Exports
do
Production
do
Stocks at mills, end of mo.
do
Cottonseed oil, crude:
Production
thous. of lb_.
Stocks, end of month
do
Cottonseed oil, refined:
Consumption, factory (quarterly)
do
In oleomargarine.._
do
Price, summer, yellow, prime (N. Y.)
dol. per lb..
Production
__.thous. of lb..
Stocks, end of month
do
Flaxseed:
Imports
thous. of bu_.
Minneapolis and Duluth:
Receipts
do
Shipments. __
do
Stocks, end of month
do
Oil mills (quarterly):
Consumption
do
Stocks, end of quarter
do
Price, wholesale, No. 1, (Mpls.)--dol. per bu.
Production (crop est.)
thous. of bu..
Stocks, Argentina, end of mo
do__.
Linseed cake and meal:
Exports
thous. of lb.
Shipments from Mpls
do
Linseed oil:
Consumption, factory (quarterly)
thous. of lb.
Price, wholesale (N. Y.)__
_dol. per lb.
Production (quarterly)
thous. of lb.
Shipments from Mpls
do
Stocks at factory, end of quarter.
do...
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb_
Price, standard, uncolored (Chicago)
dol. per lb.
Production
thous. of lb.
Vegetable shortenings:
Price, tierces (Chicago)
dol. per lb.
41, 739
4, 540
10, 671
66, 737
22,873
40, 039
143,555 135, 073
80, 676 105, 252
10, 916 15, 024
29, 186 45, 122
13, 297
24, 511
17,946
23, 507
27,108
37, 972
56, 394
14,976
31,902
137,153
99, 594
13, 289
22,532
56, 449
11,636
16, 896
16,971
12,334
40, 336
9,979
32, 569
140, 350
84. 904
9, 736
14,820
84, 509
93, 006
87, 262
7?, 049
83, 629
59, 551 127,904
15, 453 23,992
129,419
17, 973
129,894
16,074
53, 142
73,900
656,240 522, 045 457, 532 347, 353 254, 253 r132, 464
535,511 491,337 235, 964 r 83, 786 r 81, 752 31. 044
,258,226 856,940 635, 372 371,805 199, 304 ' 97, 884
781
160
1,382
74
189
2,567
296,173 234,116 206, 665 161, 375 115,476 ' 62, 530
211,731 35S, 675 362, 509 321,843 285, 387 202, 421
195,763
142,021
156, 031
132,843
38
' 36, 509 r 20, 271
164, 459 117,004
.097
.094
.094
.088
.091
112,411 r 86, 269 r 65, 185 r 41, 190 r 40,443
488, 951 504, 337 487, 994 400, 213 408, 944
9,554
33, 835
11,749
14, 273
49,164
24,933
14, 865
169, 416
93, 648
13, 964
15, 689
22,185
5,085
13, 619
23, 500
10,271
32,712
63, 004
95, 678
77,121
14, 241
686,251
592,820 748,126
,258,890 ,178,322 791, 036
,274,173
838,379
1,377,955
999
331,248
190, 088
827
310,738
209, 660
176, 256 222, 294
92, 667 121,398
203,416
143,182
115
18, 506
65, 053
549
506
46, 774 264,173
45, 561 126,014
11,05?
19,192
29, 787
26, 547
7, 612
7,608
332, 216
9,081
10, 042
10, 373
.102
.099
.101
r
29, 637 22, 725 92, 306 179, 721
318, 873 237, 220 228, 764 307, 369
.100
183, 558
385, 250
1,414
1,496
1,037
1,244
747
671
1,813
1,747
2,707
99
119
1, 640
224
131
1,246
172
95
791
270
160
535
542
181
348
255
291
285
1,539
665
668
336
318
783
703
3, 466
742
746
264
709
7,094
2,434
1.76
1.72
1.69
5,168
2,222
1.77
2.06
2.15
4,817
2,083
2.14
2.13
2.16
"~6,~299~ '~6,~693~
5,906
'~6,~299~" ~~5,~906~
5,512
~3,~937
2,756
20, 469
12, 891
24,140
11,365
32, 581
3, 205
37, 625
11,313
40, 403
12,229
.100
.103
1,489
1,690
484
310
470
415
298
2,153
229
142
1,928
6,931
2,864
2.21
* 5,908
4,331
8,264
4,270
1.83
«14,520
1,969
l.g
3,150
4,331
5,315
56, 569
10,068
59, 293
22,245
39, 399
21, 782
36, 225
15, 244
42, 379
21,748
75,404
78,114
.101
. 096
131,899 156, 569
4,069
4,784
117,268 146, 532
14, 789
71, 082 ' 40, 283 36, 455 102, 451
25, 322 •
• 24, 208 22, 332 252, 834
52,124 r 36, 049 21, 926 168,145
135, 820 10G, 566 '81,642 r 43, 028 24, 348 •" 14,170
128, 918 127,147 113,951 ' 85, 656 62, 698 " 37, 251
241,169
263, 502
8,626
7,361
10, 700
8,347
6,649
8,178
333, 099 361,863
9,120
12,689
.107
.101
.110
168,381 139, 318 127, 383
418, 087 402, 203 453, 256
17, 416
.100
~7~853
65, 574
.098
132,137
10, 200
187,466
33,233
23,715
27,117
15, 649
.095
.094
>,~372
"l3~808
25, 794
15,104
84,129
.095
100,119
12,932
140, 666
~7~273
"5," 106'
79,705
.101
91, 098
3, 538
98,411
.096
. 093
~3~686'
5, 839
38,80G
32, 831
37,388
37,851
32, 368
32, 4G4
26, 941
22, 549
26, 796
31, 805
34, 426
35, 144
34, 365
.142
38, 773
.145
33, 506
.145
36, 558
.145
38,835
.145
33,794
.143
32, 302
.130
25, 580
.125
25,834
.134
30, 351
.138
33,711
.118
.117
.117
.109
.107
.124
. 125
.140
35,586
.120
.140
34, 209
.122
.125
27, 695
.117
23,804
16, 355
8,188
8,167
7,448
20,181
14, 363
7,162
7,201
5,818
29,912
20, 728
9,282
11, 446
9,185
36, 209
25,199
11,021
14,178
11,010
40,950
28, 026
10,746
17, 280
12,924
38,736
26,587
10, 795
15,792
12,149
33,919
23,393
10,287
13,106
10, 526
33, 380
22, 338
9, 095
13, 243
11.041
33, 450
22, 338
9, 564
12, 774
11,112
34,019
23,192
10, 628
12, 564
10, 857
2S, 503
20, 037
10, 018
10, 019
8, 466
361, 356 306, 656 261,462 297, 878 292,071 279,193
49, 3S9 50, 267 47, 268 41,672
54,817
51,758
175,088 158,285 139,565 133,825 149, 333 138,903
222, 965
35, 902
95, 783
.130
. 120
PAINTS
Paint, varnish, lacquer, and fillers:
Total sales of manufacturers._thous. of doL
Classified
do...
Industrial
„
do...
Trade
do—
Unclassified
do ...
Plastic, cold-water paints, and calcimines:
Sales of manufacturers:
Calcimines
.dollars.
Plastic paints
do...
Cold-water paints
do._.
29, 465
19, 759
10, 223
9,536
9,705
20, 039
14,271
7,561
6,710
5,768
251, 068 205, 543 280,896 199,183 293,756 348.953
21,468
31, 292 27, 734 44, 520 47,407
33,895
76, 971 134,803 147,160
98, 048 72, 918 89,730
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Production
thous. of lb.
Shipmen ts
do...
Cellulose-acetate, sheets, rods, and tubes:
Production
thous. of lb.
Shipments
do...
ROOFING
Dry roofing felt:
Production
short tons.
Stocks, end of month
do...
Prepared roofing shipments:
Total.
thous. of squares.
Grit roll
do...
Shingles (all types)
do...
Smooth roll
do...
• Final estimate.
1,398
1,479
1, 469
1,398
1,230
1,252
1,322
1,148
1,224
1,239
1,388
1,319
1,345
1,288
1,154
1,206
1,225
1,198
1,463
1, 501
1,787
1,532
1,806
1,648
1,594
1,420
1, 255
1,112
948
859
869
934
597
546
785
939
1,221
1,097
921
1,061
850
1, 002
746
1,162
1,468
1,204
1,027
' 1, 462
1,316
1, 438
1,313
15, 780
8,935
17, 266
8,677
19,313
7,902
22, 528
7,999
23,713
7,086
22, 391
8,630
25,956
10,479
20, 209
10,583
21, 833
9,550
23, 083
7,523
25,907
5,853
25, 628
5,753
1,186
270
308
607
1,668
366
341
961
3,139
660
565
1,914
2,451
566
681
1,205
2,744
634
887
1,223
2,103
566
740
797
2, 361
653
795
913
2, 509
637
784
1,088
2, 994
783
908
1,303
r 4,308
' 1,181
r 1,119
r 2, 005
r 3,899
998
1,140
«• 1, 760
2, 592
633
626
1,333
21,361
6,381
6
December 1 estimate.
r Revised.
41
SURVEY OF CURRENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary
1936 Supplement to the Survey
ber
ber
1936
February
March
April
May
June
July
August SeptemOctober November
ber
ELECTRIC POWER AND GAS
ELECTRIC POWER
mills, of kw.-hr._
10,478
9,139
9,246
8,599
8,904
8,892
9,085
9,124
9,672
9,802
9,721
10,176
' 9,775
Fuels
--do
Water power
do
By type of producer:
Central stations
do
Other producers
..do
Sales to ultimate consumers, total (Edison
Electric Institute)
mills, of kw.-hr._
Domestic service
do
Commercial—retail
do
Commercial—wholesale
do
Municipal street lighting—
...do
Railroads, electrified steam
do
Railroads, street and interurban
do
Revenues from sales to ultimate consumers
(Edison Electric Institute)
thous. of dol—
6,859
3,618
5,850
3,288
5,881
3,365
5,681
2,918
5,114
3,790
4,878
4,014
5,163
3,923
5, 853
3,271
6,529
3,143
6,737
3,065
6,694
3,026
6,774
3,401
'6,417
r 3, 358
9,860
618
8,588
551
8,747
8,118
481
8,423
481
8,417
475
481
8,594
530
9,111
561
9,242
560
9,177
544
r 9, 640
536
' 9,172
603
7,029
1,368
1,361
3,493
7,278
1,466
1,403
3,567
234
100
446
6,999
1,340
1,324
3,514
219
96
435
6,913
1,254
1,256
3,649
209
83
394
7,069
1,223
1,281
3,842
193
86
375
7,085
1,165
1,266
3,975
180
77
354
7,264
1,144
1,275
4,197
159
74
346
7,519
1,159
1,317
4,362
171
99
342
7,723
1,180
1,361
4,487
188
97
340
7,910
1,261
1,402
4, 540
197
99
338
8,093
1,324
1,421
4,574
214
110
374
8,000
1,419
1,459
4,315
225
112
392
171, 220 165, 650 165, 703 164, 015 164, 007 167, 672 169, 636 175, 597 179, 972
183, 066
Production, total
By source:
227
86
439
173, 459 179,141
GAS
Manufactured gas:
Customers, total
thousands. _
Domestic
do
House heating
do
Industrial and commercial
do
Sales to consumers
mills, of cu. ft._
Domestic
do
House heating
do
Industrial and commercial
do
Revenue from sales to consumers
thous. of d o L .
Domestic
do
House heating
do
Industrial and commercial
do
Natural gas:
Customers, total
thousands..
Domestic
__do
Industrial and commercial
do
Sales to consumers
mills, of cu. ft..
Domestic
do
Industrial and commercial
do
Revenues from sales to consumers
thous. of dol._
Domestic
do
Industrial and commercial
_.do
10, 005
9,425
131
439
33, 480
18,679
5,716
8,861
9,333
133
485
35, 960
19, 922
6,669
9,143
9,972
9,346
135
481
36, 611
20,146
7,053
9,190
9,973
9,343
129
487
34,129
19, 219
5,282
9,422
10, 011
9,378
132
488
33,013
23,336
3,291
6,244
34, 555
23,800
4,113
6,495
34, 653
23, 322
4,612
6,571
32, 887
22, 742
3, 514
6, 490
33, 018
18, 781
4,223
9,827
10,098
9,465
136
485
31, 334
18, 866
2,805
9,493
10,080
9, 454
130
485
29, 531
18,941
1,032
9,412
10,106
9,484
125
485
27, 249
17, 279
636
9,156
32,093
22, 885
2,585
6,476
31,839
23,820
1,553
6,336
30, 699
23, 693
773
6,127
6,004
6,039
5,987
6,033
6,027
5,532
5, 559
5,560
5,515
5,563
469
472
470
465
474
113,418 123, 778 136, 242 113, 823 106,193
50,131
38, 942 31, 859
36, 325 43,715
84, 673 73, 442 72, 770
75, 680
6,033
5,578
453
92, 639
23, 658
67, 588
29,251
16,429
12, 635
25, 723
16,159
491
8,936
10,199
9,568
138
483
27,900
18,050
548
9,149
474
31,268
19, 726
1,598
9,750
28,689
22,123
499
5,966
27, 223
20,861
402
5,848
29,426
22, 785
502
6,035
31,955
24, 254
1,196
6,380
6,011
5,581
429
85,014
16,854
67,137
6,010
5,586
422
82, 696
13,735
68,121
6,037
5,611
424
85, 330
12, 678
71, 402
6,078
5,650
426
88, 437
13, 375
73, 765
6,151
5,691
459
95, 699
18, 293
76, 323
24, 812
12,703
11, 980
22,904
10,913
11,863
22,778
10, 353
12, 265
23, 666
10,789
12, 714
27,481
13,483
13,856
5,600
6,061
6,670
6,791
8,525
5.938
5,771
8,122
4,985
5,183
8,082
4,249
4, 097
7,722
5,666
6,203
5,229
5,823
6,177
4,760
5,531
4,288
5,390
4,643
22, 691 23, 251 23,373
24, 274 21, 720
21,612 21,917 22,158 22,693
19, 994
258,221 273, 798 290, 739 310, 793 325,990
248,946 264, 389 281, 208 300,653 315,936
5,200
4,279
19,763
17,824
339,820
328, 808
6,931
5,952
23,698
19,063
352,151
341, 264
9,724
8,202
27, 625
20, 299
364, 023
352, 639
11,567
9, 643
22,973
18,868
373,330
361,318
2,159
1,936
2,783
4,074
4,858
132, 596 122,804
131, 579
135,667
139,245
131,760
.34
.35
.37
.32 J
.34
.31
.27
.30
105,147 108,172 106, 688 120.162 130,028 178, 028 185, 223 152, 001
35, 734 42, 257 41,211
45,829
48, 379 56, 537 69,435
54, 676
.36
139,363
44, 792
.35
131,862
44, 637
.33
135,140
47, 202
.34
113,985
39,587
' 88, 8G 0
38, 825
23, 635
14,981
44, 312
27,964
16,178
48,116
30, 581
17, 296
39, 732
24, 667
14, 846
35,475
21,034
14, 219
10,119
9,499
126
484
10, 232
9,592
155
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:
Consumption (tax-paid withdrawals)
thous. of bbl.. 3,831
3,104
Production
do
3,219
3,665
Stocks, end of month
do
6,945
6,205
Distilled spirits:
Consumption, total (tax-paid withdrawals)
thous. of proof gal_. 10,609
8,219
Whisky
do
7,315
8,907
Production, total
do
24,412
25,188
Whisky
d o . . . . 22, 289 19,910
Stocks, total, end of month
do
387, 322 215,518
Whisky
do.— 374, 629 207,154
Rectified spirits:
Consumption (tax-paid withdrawals)
thous. of proof gal_.
2,998
5,044
2,679
3,335
6,640
2,685
2,932
6,802
6,019
6,173
5,421
5,687
21,910 19,804
20, 340 18,838
230,425 242,830
221, 602 233,797
2,304
3,738
4,433
7,333
2,335
3,887
4,970
2,367
5,041
5,418
8,409
2,044
1,937
3,640
3,399
7,319
DAIRY PRODUCTS
Butter:
Consumption, apparent
thous. of lb__ 137,441
Price, wholesale (N. Y.), (92=score)
dol. per lb__
.34
Production creamery (factory)_thous. of lb.__ 108, 703
Receipts, 5 markets
do
39,310
Stocks, cold storage, creamery, end of month
thous. of lb__ 61, 228
Cheese:
Consumption, apparent
do
53, 092
Imports
do
6, 229
Price, No. 1 Amer. (N. Y.)
dol. per Re. 18
production (factory)
thous. of lb__ 42, 629
American whole milk
do
29,610
Receipts, 5 markets
do
11,311
Stocks, cold storage, end of mo
do
\ 110,371
American whole milk
do__
94. 800
T
Revised.
137,264
127,594 I 122,114
40,117
21, 502
46, 700
3,022
.19
47,138
27, 341
11, 488
99, 572
86, 537
54,879
53. 651
3,240
3, 794
.18
. 17
43, 841 39, 809
29,455 27, 051
10,416 | 13, 339
90,890 79, 556
78,197
68, 363
8., 217 |
123,524 ! 131,896
5,346 I
57. 430
5, 693
.17
45,317
32, 409
15,164
73. 952
62, 261
4,997
21,157
73, 816 103, 259
112,106
108,835
105, 368
62.127
4,217
70,165
3,152
.15
65. 339
52, 395
14,206
70. 783
56, 946
76,150 60,370
4,257 | 5,403
. 17
.20
83,132 63, 922
67,101
53, 032
18,479
21,191
85,798 I 97, 403
70,252 ! 80, 735
53,897
6, 452
.21
57, 693
44, 451
15,981
107, 542
90, 471
53,331
5,790
.20
55, 389
43,3,07
12, 098
114,990
98,206
59, 392
5> 675
. 19
57, 738
44, 9v,r,
13, ?M
118. 007
102. 847
48, 816
37, 0S9
13, 398
67, 776
55, 756
56, 953
5, 881
.18
40,
33', 15!
12,
r
114. 7()f.
OS
r
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem1936 Supplement to the Survey
ber
1935
February 1937
1936
Decem- January
ber
February-
March
April
May-
June
July
August Septem- October November
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS—Continued
Condensed and evaporated milk:
Production:
Condensed (sweetened):
Bulk goods
thous. of lb. 12, 586
4,198
Case goods
__do_._
Evaporated (unsweetened)
d o . . . 113, 502
Exports:
189
Condensed (sweetened).__
..do...
Evaporated (unsweetened).
do.._
Prices, wholesale (N. Y.) (case goods):
4.85
Condensed (sweetened)
dol. per caseEvaporated (unsweetened)
do.. _
3.30
Stocks, manufacturers, end of month:
Condensed (sweetened):
5,670
Bulk goods
thous. of lb.
9,071
Case goods
do...
Evaporated (unsweetened), case goods
thous. of lb. 258,904
Fluid milk:
7,189
Consumption in oleomargarine
do.__
Production (Minneapolis and St. Paul)
28, 609
thous. of lb.
Receipts:
Boston (incl. cream).
..thous. of qt. 113,935
Greater New York
do...
216
Powdered milk:
Exports
thous. of lb. 23,417
35,065
Production!
do__.
Stocks, mfrs., end of mo
do...
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_. >108, 031
Shipments, car-lot
no. of carloads. _ 5,157
Stocks, cold storage, end of month
7,390
thous. of bbl._
Citrus fruit, car-lot ship_
no. of carloads.. 16, 548
1,901
Onions, car-lot shipments
-do
Potatoes, white:
2,505
Price, wholesale (N. Y.)
dol. per 100 Reproduction (crop estimate)
thous. of bu_. '329, 997
Shipments, car-lot
no. of carloads. - 14, 859
14,280
4,994
183,428
17,881
4,567
185,780
14,925
3,380
188,840
11,326
3,538
127,881
60
2,118
204
2,904
93
1,633
128
4.85
3.28
4.85
3.40
4.85
3.40
4.85
3.40
4.85
3.40
14, 664
11,275
13,654
11,188
12, 250
11,116
12, 363
12,109
11, 233
11,689
7,787
10,190
141, 774
186,359
99,638
102,021
160, 709
251,751
278, 511
5, 029
5,521
5,258
5,847
6,357
6,732
6,351
36, 039
41, 673
42, 051
32,183
28,098
26, 245
27, 235
25, 447
15, 266
114, 536
15,694
110,640
17, 387
120,137
16,550
114, 657
18,142
117,126
17,781
115, 060
16,149
113,031
17, 066
114,971
17,141
111, 544
236
16, 761
8,485
268
20, 383
9,435
286
23,445
11, 225
352
32, 280
21, 252
428
34,150
32, 007
383
27, 242
29, 264
312
23,906
24, 809
291
21,872
r 26,835
327
24,945
30, 612
322
20, 679
«• 33, 202
4,740
6,283
5,414
4,563
2, 281
1,373
1,024
7,629
15,692
7,438
8,225
13, 260
2,592
5,976
13, 516
2,625
3,769
15, 016
1,838
1,783
14, 628
3,645
668
13, 539
3, 858
6,536
1,479
2,480
7,417
3,363
8,482
8,975
3,582
r 8, 629
14,649
2,055
1.700
1.820
2.406
2. 519
3.665
2.456
19, 560
24, 388
18, 718
17,114
18, 598
" 14," 425"
2,156
1,842
2, 530
2,733
2,087
573
323
704
533
.64
.70
.87
.92
13, 864
4,027
101, 604
15, 843
3,990
118, 301
17, 021
4,233
112, 704
18, 773
4,555
144, 222
17,310
4,830
181, 552
23,333
5, 531
248, 258
29,364
4,173
266,199
474
2,585
147
1,810
257
2,719
229
2,463
246
1,765
262
2,138
465
1,696
4.85
3.12
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
2,931
8,829
2,845
6,044
2,329
3,659
2,741
2,963
4,588
3,741
9, 374
8, 252
72, 916
66, 094
45,375
42, 597
61, 775
6,932
7,396
7,555
6,622
6,529
28, 022
31, 578
30,919
35, 548
16,210
109,377
16,380
111,875
15,308
104, 459
219
18, 631
10,121
305
17,150
9,212
167, 283
5,469
9,686
14, 549
1,558
1.790
* 386,380
' 11, 468
1.656
16, 810
11,050
3,614
25, 058
4,281
211, 299
9,522
1,018
1.795
2.006
2.050
16, 724
22, 458
14, 305
3,442
4,844
3,036
1,573
1,614
1,006
461
198
1.22
1.24
1.30
1.28
1.29
1.32
1.27
1.28
1.863
"I2737I"
GRAIN AND PRODUCTS
Exports, principal grains, including flour and
meal
thous. of bu._
Barley:
19
Exports, including malt
do
Price, wholesale, No. 2 (Mpls.):
1.29
Straight._.
dol. per bu._
1.32
Malting
do
Production (crop estimate)
thous. of bu_. *147, 452
4,741
Receipts, principal markets
do
Stocks, commercial, domestic, end of mo.
thous. of bu.. 18, 848
Corn:
41
Exports, including meal
do
Grindings
do
5,649
Prices, wholesale:
1.15
No. 3, yellow (Kansas City)—dol. per bu._
1.09
No. 3, white (Chicago)
do
Production (crop estimate)
thous, of bu-_ 61,524,317
18, 200
Receipts, principal markets
do
5, 855
Shipments, principal markets
do
Stocks, commercial, domestic, end of mo.
thous. of bu._ 13, 454
Oats:
65
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
.50
dol. per bu__
Production (crop estimate)
thous. of bu._ '789,100
Receipts, principal markets
do
3, 753
Stocks, commercial, domestic, end of mo.
thous. of bu_. 37, 392
Rice:
54,199
Exports
pockets (100 lb.)__ 181,638
Imports
do
Price, wholesale, head, clean (New Orleans)
. 038
dol. per lb__
Production (crop estimate)
thous. of bu_. 646, 833
Southern States (La., Tex., Ark., and
Term.):
Receipts, rough, at mills
736
thous. of bbl. (162 lb-)-Shipments from mills, milled rice
930
thous. of pockets (100 lb.)_.
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
2, 654
thous. of pockets (100 lb.)..
California:
Receipts, domestic rough...bags (100 lb.)_. 90, 451
47,150
Shipments from mills, milled rice do
Stocks, rough and cleaned, end of mo.
bags (1001b.). _ 190,290
• Final estimate.
b
December 1 estimate.
c
2,481
2,144
1,240
823
359
.59
.66
° 285,774
4,809
.67
.66
.71
6,142
~~3,~826"
7,845
5,966
5, 565
5,893
5,992
16, 583
9,683
9,584
5,625
18,088
16,970
15, 281
14, 407
•12,913
11, 822
10, 571
9,850
15, 343
17,732
20, 012
20, 541
32
6,128
48
6,356
52
6,113
70
34
6,209
109
6,242
219
5,2
106
6,502
82
6,898
64
5,462
21
5,425
.61
.56
2,296,669
18, 729
8,828
.62
.67
.62
.63
.58
.63
.64
.62
.67
.62
.71
.94
1.01
1.15
1.24
30
6,778
1.12
1.27
1.12
1.10
1.14
1.07
14, 466
8.133
13, 640
18,003
7,750
17, 497
8,508
16, 227
11, 320
24, 215
15,194
17, 614
11, 926
15, 569
7,711
9,213
4, 375
8,797
4,058
17, 559
5, 268
4,325
4,277
8,185
7,494
.68
.71
7,C
r
.64
.67
8,158
6,948
77
70
.29
1,194,902
4,489
.30
5,652
.30
4,450
""§,"768"
4, 991
5,866
6, 200
43,513
41, 893
40, 770
39, 018
'35,500
31, 043
31, 059
90, 247
25, 040
51, 059
27, 839
29, 792
73, 986
6,986
79,5S9
4,241
00, 932
9,823
76, 870
713
97, 490
890
62, 339
6,124
104, 099
. 040
38, 784
.039
.039
.039
.040
.012
.043
.043
.043
1
5,117
SO
.28
7, 650
6,158
62
81
.28
.27
425
r
4,316
4,537
59
89
.37
.44
.44
16, 863
15, 205
"47067"
33, 864
51, 861
r
65
50, 973
.46
3, 5G9
2,517
48,639 I
42. 571
1, 325 17,531
121, 670 120,830
52,121
79,588
.042
.039
.039
657
845
483
232
129
60
20
304
1,375
2,289
1,761
538
1,019
1,070
979
529
318
287
331
754
1, 213
1,110
3,136
3, 014
2,554
1, 855
1, 244
863
609
342
2,116
2, 839
249, 596
131,921
144, 358
170,983
109,361
119,841
114, 889
107, 869
156, 616
165, 514
163, 295
149, 044
173,958
154, 080
120, 853
152, 324
184, 418 259, 027 513, 655
71, 676 134,336
77, 742
379, 028
34? 985
687, 536
593,625
524, 624
464, 606
337, 829
241, 219
227, 258
120, 524
147,979
670, 647
No quotation.
'Revised,
321
151,619
378,038
t Revised series. For revision on powdered milk for 1935 see p. 90 of the 1936 Supplement.
43
SURVEY OF CURRENT BUSINESS
February 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
December
1935
1936
Decem- January
ber
February
March
April
May
June
July
August Septan, October Novem
ber
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND PRODUCTS—Continued
Rye:
Exports, including
flour
thous. of bu_.
Price, wholesale, No. 2 (Mpls.).dol. per bu..
Production (crop estimate)
thous. of bu_.
Receipts, principal markets
.do
Stocks, commercial, domestic, end of mo.
Wheat:
thous. of b u Exports:
Wheat, including flour. _
do—
Wheat only.
do—
Prices, wholesale:
No. 1, dark, northern, spring (Mpls.)
dol. per bu..
No. 2, red, winter (St. Louis)
_.do._..
No. 2, hard, winter (K. C.)
do....
Weighted av., 6 markets, all grades.-do—
Production (crop est.), total...thous. of bu..
Spring wheat
do
Winter wheat
-do—
Receipts, principal markets
do
Shipments, principal markets
do—
Stocks, end of month, world estimated
thous. of bu..
Canada (Canadian wheat)
do
United States (domestic wheat)
do—
Held by mills (end of quarter)
Wheat
flour:
thous. of bu..
Consumption (computed by Russell's)
thous. of bbl..
Exports
do
Grindings of wheat
thous. of bu_.
Prices, wholesale:
Standard Patents (Mpls.)-—dol. per bbl-.
Winter, straights (K. C.)
do—.
Production:
Flour, actual (Census)
thous. of bbl_.
Flour, prorated, total (Russell's)
do—
Offa ((Census)
ens)
Offal
thous. of lb
Operations,
percent off capacity
ti
i (Census)
( C )
Stocks, total, end of month (computed by
Russell's)
thous. of bbl..
Held by mills (end of quarter)
do
LIVESTOCK
Cattle and calves:
Receipts
__thous. of animals..
Disposition:
Local slaughter..do
Shipments, total
.,.
do
Stocker and feeder.
do—
Price, wholesale, cattle, cornfed (Chicago)
dol. per 1001b..
Hogs:
Receipts
thous. of animals_Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Price, wholesale, heavy (Chicago)
dol. per 1001b,
Sheep and lambs:
Receipts
thous. of animals.
Disposition:
Local slaughter
...do
Shipments, total
do....
Stocker and feeder
do___
Prices, wholesale (Chicago):
Ewes
dol. per 1001b.
LambSdo...
MEATS
Totaling:
Consumption, apparent
mills, of lb_.
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Miscellaneous meats
do
Beef and veal:
Consumption, apparent
thous. of lb_.
Exports
do
Price, wholesale, beef, fresh, native steers
(Chi.)
dol. per lb_.
Production (inspected slaughter)
thous. of lb.
Stocks, cold storage, end of mo
do
Lamb and mutton:
Consumption, apparent
do.__
Production (inspected slaughter) do.-_
Stocks, cold storage, end of month __do__Pork (including lard):
Consumption, apparent
do...
Exports, total
do _. _
Lard
do_-_
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb_
Lard, in tierces:
Prime, contract (N. Y.)
do_._
Refined (Chicago)
do...
Production (inspected slaughter), total
thous. of lb.
Lard
do
Stocks, cold storage, end of month __do_._
Fresh and cured
do_._
Lard
do___
1
Final estimate.
1
1.10
25, 554
1,084
0
.49
•58,597
1,169
1,061
1,324
0
.50
970
5,008
9,022
8,412
7,642
7,555
' 7,009
1,681
1,132
34
1,202
13
1,192
28
1,425
30
1,423
16
1,534
34
1,382
50
1.59
1.35
1.34
1.39
'626,461
107, 448
519, 013
10, 389
11,601
1.28
1.06
1.11
1.00
'626,344
'161,025
«465,319
9,943
7,181
1.33
1.09
1.13
1.07
1.31
1.09
1.10
1.07
1.24
1.08
1.06
1.23
1.07
1.02
.95
1.14
1.02
.95
.90
9,277
7,964
5,474
6,782
9,788
9,289
7,417
7,745
484, 010 468, 910
226,933 -•215,260
78,444
70, 254
427, 650
199, 734
59,926
380,190
192, 233
51, 945
82, 625
63, 453
1
.53
0
.57
0
.52
763
0
.52
2,297
0
.75
1,630
1
.92
0
.83
1,540
0
.87
1,658
1,375
1,735
6,674
' 6, 515
6,209
5,983
1,389
26
1,657
222
2,415
487
2,436
926
1,288
21
1.24
.95
1.36
1.06
1.11
1.10
1.47
1.17
1.22
1.27
1.46
1.19
1.22
1.25
1.48
1.21
1.22
1.29
1.44
1.23
1.22
1.28
11,103
12, 970
14,819
12, 363
84,222
27,210
29,495
18,214
10, 621
10,658
15,237
13,978
10,712
10,945
335, 340 284,970
177,460 145,011
31,174
244,020
124,110
23,161
275,131 293,970 315, 760 305, 590
96, 652 100, 704 126, 378 117,412
67,305 81,048 r 82,846
76,423
292,870
93,924
70,314
'6,730
62, 642
86,097
139, 774
3
.58
1,422
0
.85
153, 521
358
37, 836
7,923
234
33,123
9,386
253
40, 042
9,022
248
38,987
9,035
297
38,273
8,090
299
36,453
8,009
319
35,328
7,694
289
36, 637
10,064
290
43, 660
11, 250
305
42,087
8,198
410
40,055
321
41, 770
7.26
5.94
8. 21
6.69
7.19
6.09
5. 56
6.92
5.42
6.45
5.24
6.07
4.80
6.28
4.73
6.78
5.23
7.21
5.64
6.96
5.67
7.06
5.57
269
36,844
6.84
5.49
9,416
9,148
8,708
10, 244 11, 652
9,182
793,510 758,322 723,978
58
56
56
9,120
9,831
749,121
54
666, 240
53
8,215
687,~645
51
8,252
7,175
8, 644 8,401
"!, 349
9,386
9,070 8,975
595, 761 728, 216 709, 574 694,897
46
53
56
51
5, 592
4,222
5, 400
5, 200
7,840
7,845
7,569
8,235
8,300
8,149
665, 223 650, 921 675,914
48
48
48
4,950
4,068
5,100
4,950
5,600
4,255
5,500
5,600
6,500
4,677
8,019
1,811
1,809
1,793
1,416
1,625
1,673
1,522
1,764
1,881
2,216
2,264
2,439
2,176
1,145
695
277
1,143
650
242
1,158
623
196
942
462
116
1,046
556
190
1,094
573
195
1,002
511
163
1,137
610
167
1,179
697
240
1,322
848
319
1,339
928
1,368
1,060
1,246
893
449
12.05
12.21
12.11
10.61
10.31
9.21
8.61
8.51
8.70
9.00
9.52
3,145
2, 036
2, 532
1, 817
2,045
1,875
1,759
1,864
1,915
1,747
1,939
2,216
934
1, 428
606
1, 774 1,188
745 628
1,372
666
33
1,322
550
38
1,276
482
32
1,348
512
36
1,347
562
57
1.166
572
91
1,263
673
94
10.10
10.55
10.05
10.11
10.82
10.25
1,701
1,798
1,944
i,859
2,022
2,287
2,766
800
112
961
873
108
(c)
10.38
1,006
1,014
152
(c)
9.06
1,011
1,271
343
3.31
8.86
1,126
1, 597
480
3.36
8.91
1,036
1,033
G41
57
1,040
1,066
665
62
1,001
997
671
1,075
1,029
G25
75
40
36
38
10.25
9.51
9.73
1,761
1,082
692
110
1, 588
620
112
4. 35
10.80
914
1,023
563
74
3.83
8.47
1,049
1,337
1, 147
132
481, 824
960
464,311
26
10.33
1,862 1, 632
1,127
732
94
4. 50
10.25
1,009
1,144
698
79
493,972
604
728
. 17S
. 180
1,023
949
690
59
4. 34
9.97
844
847
689
70
426,553
4.62
9.66
4.81
10.75
1,063
183
4.56
10. 97
942
937
675
67
961
960
669
61
957
949
650
57
439,651
1,218
787
.108
521, 96.5
194,107
62,734
04,553
10,186
504,547
13,618
9, 384
485,136 474, 888 501, 898 523, 582 528, 398 558,678
1, 032
1,426
1,302
1,110
1, 790
1,483
.149
.134
425,199 459,149
79, 509 65,011
453,127
51,134
.133
.226
. 273
.117
.134
750,815
118,420
810, 609
665, 087
145, 522
495, 250
74,002
79, 495
326, 777
52, 718
b
. 263
. 243
.109 .112
.120 .118
595,065
96, 392
511, 711
436, 042
75, 669
390, 346
66,464
530,143
451, 418
78, 725
December 1 estimate.
2,613
1,782
830
11.08
r 3,149
2,234
900
41
62
9.67
10.00
2,149
2,871
1,191
1,723
721
3.49
8.50
1,195
1,210
638
1,071
1,083
367
3.67
8.40
r 1, 059
1,242
'828
••95
580, 904 '466,194
1,536
1,021
.138
485,518 518, 400 542, 249 571,787 595. 095 510, 943
41, 222 42, 914 64, 255 82, 806 104, 961 • 152, 709
65, 068 ' 58.904
47, 205 48,107 49, 457 50,815
00.116
6l| 443
46, 721 47,971 40, 833 52, 001 60,894 67, 654
5,930
r 8, 450
1,282
1,122
1,478
2,C34
3,374
472,484 484,406 402,142
106,210 104,447 86,928
52, 394
54, 837 64, 298
55, 016 58,477
58, 285 51,871
55,235
64,140 54,829
2,334
1,785
3,025
2, 824
2, 563
395,269 450,560 362,070 443,486 423, 876 434,683 486, 492 467,178
12,832 14,929
11,268 16,403
14,118
18,495
18,880
16,811
7,853
10,117 7,514 11,461
9,489
10, 837 11,090
7,481
. 135
.139
516
9.91
422,125 455, 900 549, 324 ' 534, 078
14, 784
16, 484
12, 224 12,083
10, 454
9,563
6,045
7.856
.235
.239
.238
.240
.252
.256
.246
.225
.223
.111
.118
.113
.120
.104
.113
.103
.113
.110
.119
.122
.129
.118
.126
.117
.125
.119
.126
453, 787 449,029 449,173 499,066
75,518 77,024 80,534 87, 288
526, 963 541,017 540, 274 541, 904
450,149 457, 402 440, 618 435,130
106,774
76, 814 83, 615
c
No quotation.
497,956
82, 952
558,987
441, 961
117,026
403,198
64,362
531, 409
420, 848
110, 561
p
396, 371 546, 907 669,115
59, 627 80, 568 103, 020
463,404 449, 698 ' 572,165
361, 608 354, 950 • 463,400
91, 748 • 108, 765
101,796
Revised.
44
SURVEY OF CURRENT BUSINESS
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data'may be found in the Decem- DecemJanuary
1936 Supplement to the Survey
ber
ber
February 1937
1936
February
March
April
May
June
July
October Novem
August September
ber
FOODSTUFFS AND TOBACCO—Continued
POULTRY AND EGGS
Eggs:
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of month:
650
Case
thous. of cases..
Frozen
thous. of lb_. 51, 768
Poultry:
Receipts, 5 markets
d o — 72,999
Stocks, cold storage, end of mo
do
187, 479
TROPICAL PRODUCTS
Cocoa:
Imports
long tons.. 40,268
Price, spot, Accra (N. Y.)
dol. per lb_.
.1134
Exports from the Gold Coast and Nigeria,
Africa
long tons.. 54, 571
Coffee:
1,447
Clearances from Brazil, total.thous. of bags..
To United States
do.__.
889
Imports into United States
do—
1,454
Price, wholesale, Rio No. 7 (N. Y.)
dol. per lb-.
Receipts at ports, Brazil
thous. of bags..
1,459
Stocks, world total, incl. interior of Brazil,
end of month
thous. of bags_.
Visible supply, total, excl. interior of Brazil
thous. of bags..
7,822
United States
do....
768
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons_.
376
United States:
Meltings, 8 ports
long tons_. 215,168
Price, wholesale, 96° centrifugal (New
York)
-dol. per lb_.
.038
Receipts:
From Hawaii and Puerto Rico
long tons..
Imports
do
95,833
Stocks at refineries, end of month..do
123, 283
Refined sugar (United States):
Exports, including maple
long tons..
Price, retail, gran. (N. Y.)
dol. per lb..
.053
Price, wholesale, gran. (N. Y.)
do—
.047
Receipts:
From Hawaii & Puerto Rico..long tons.
Imports:
From Cuba
do,... 19, 542
From Philippine Islands
..do
Shipments, 2 ports
do—
Stocks, end of month, 2 ports
do
Tea:
Imports
..thous. of lb..
8,158
Price, wholesale, Formosa, fine (N. Y.)
dol. per R^.275
Stocks in the United Kingdom..thous. of lb_. 214,800
784
1,798
2,022
2,088
1,727
1,247
981
782
652
482
69, 546
159
59, 722
13
46,367
807
45, 848
3,039
69,172
5, 707
94, 014
7,058
111, 725
7,335
115,485
7,006
108, 614
5,817
96, 660
3,788
82, 029
' 1, 755
' 66, 309
56, 321
107, 389
21,433
103, 833
15, 654
85, 792
15,098
69,494
15,122
49, 324
18, 979
41,926
22, 740
43,050
22,683
49, 220
26, 400
65,488
27, 580
82,096
34. 434
104, 981
77, 297
149, 391
24, 357
.0517
30, 508
.0535
32, 601
.0550
28, 549
.0536
31, 206
.0533
. 0558
7,174
. 0617
15, 570
.0641
18,129
.0667
22, 816
.0750
23, 012
.0843
22, 564
.0954
54, 930
61, 247
59, 819
40,114
17,025
11,063
14, 331
20, 795
20,158
17, 241
28, 074
38, 263
1,474
824
1,299
1,563
954
1,248
1,360
854
1,575
1,201
692
1,450
1,094
549
1,138
1,150
511
879
437
940
1,097
568
901
1,174
669
904
1,090
603
970
1,192
642
1,230
684
798
.065
1,539
.066
1,409
.068
1,496
.065
1,444
.063
1,027
.066
1,009
.070
947
.078
1,115
.082
1,016
.081
1,238
.081
1,124
.085
1,293
30, 650
29, 606
7,832
832
7, 846
1,010
8,116
1,056
8.128
995
8,030
903
7,884
889
7, 754
953
7,905
7.815
690
260, 661
230, 213
.034
.036
811
29, 548
7,844
775
196, 700
755
321, £
(0
• 28,918
8,108
998
8, 111
3, 015
1,108
1,991
2,092
1, 886
1,566
1,375
1,209
1,009
331,296
419,096
460,316
326,152
406,144
371,268
307, 639
277,352
.036
.038
. 037
.037
.037
.037
197, 386 176,391
279,852 325, 379
240,659 301,105
171,070
274,287
401,669
158,756
305,937
402,960
146,418
268,453
450,122
111,968
103,264
390, 794
128, 439
217,897
323, 843
70, 839
82, 527
273, 200
76, 682
102, 207
215, 500
3,981
.053
.049
3,545
.054
.049
4,968
.055
.047
5,971
.055
.047
5,647
.054
.047
7,198
.054
.046
5,185
.052
3,872
1,116
12, 735
1,121
8,104
.031
.033
.034
67,731
38,864
211,023
90,223
246,005
178,176
144,017
315,164
228,493
4,375
.056
.052
4,867
.053
.052
1,895
.053
.052
4,391
.053
.048
3,710
.053
.049
225
5,506
15,021
14,213
17, 924
15,919
16,445
11,016
2,189
693
30, 636
9,352
26,987
0
57, 640
13, 340
28,707
2,902
58, 820
13, 203
42,877
9,371
65, 722
11,080
37,988
14, 501
43, 725
19,816
41,628
4,602
37,503
2,661
30, 251
5,668
17, 615
2,108
21, 539
2,393
8,378
6,067
5,915
8,159
6,776
5, 449
5,172
.275
247,000
.275
252,900
.275
244,200
.275
232,000
.275
218,900
.275
208, 50*3
.275
199,200
30, 567
26,170
22, 584
23,192
22,123
32,776
' 26,440
359,188
20,120
490, 638
20,016
436, 976
94,655
75, 056
64, 031
45,129
1,297
1, 175
5,397
1,405
965
5, 521
1,276
1,086
5,710
1,202
1,031
5,880
5, 368
7, 958
5, 323
7,987
741
191
6,312
9,036
.275
186,200
.275
194, 500
.275
200,900
.275
206, 500
12,064
17, 603
30,033
31,163
30, 328
42,812
44, 351
45,390
565, 701 1,195,502 1,747,920
45, 074
596,139
41,131
66,100
85, 988
' 92,702
1,078
1, 280
4, 840
1,417
982
5, 275
66, 23S
6,129
49. 453
4, 697
5,710
.275
215, 300
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers.-thous. of doL.
Fish:
Landings, fresh fish, prin. ports.thous. of lb..
Salmon, canned, shipments
cases..
Stocks, total, cold storage, 15th of month
thous. of lb...
Gelatin, edible: *
Monthly report for 7 companies:
Production
thous. of lb_.
Shipments
do
Stocks
do,...
Quarterly report for 11 companies:
Production
thous. of lb_.
Stocks
do
TOBACCO
Leaf:
42.060
Exports
thous. of lb__ 41,463
4, 102
?>', 7 8 1
Imports, unmnfrd., incl. scrap.
do
1
1,167,068 •• 1,297,210
Production (crop estimate)
do
Stocks, total, incl. imported types, end of
,372,761
quarter
thous. of lb_.
1,948,964
Flue-cured, fire-cured, and air-cured_do
344,161
Cigar types
do
Manufactured products:
Consumption (tax-paid withdrawals):
9.841
Small cigarettes
millions,. 13,246
Large cigars
thousands.. 371,231 312,974
Manufactured tobacco and snuff
23,096
thous. of lb_. 26,302
Exports, cigarettes
thousands.. 513,538 337, 227
Prices, wholesale:
5.380
5, 380
Cigarettes
dol. per 1,000..
45, 996
45. 996
Cigars
..do
21,399
17, 703
20, 638
39,029 42, 560
494, 790 273, 242
43,355
514, 664
45, 563
325,882
31, 270
26,102
34,141
46, 241
62, 578
76,098
1,318
1,159
6,038
1,391
1,143
1, 296
1, 280
6,301
1,270
1,243
6,328
980
1,228
6,080
477
1,163
5,393
5,597
8,590
41, 929
8, 430
35,137
5,726
18, 485
4,120
12,421,162 |
11,949,418 |
374,720
20, 477
5,815
763
1,114
5,042
3,701
7,317
5,656
8,853
13,877 I 24,235
4,553 |
5,883
84, €
20, 887
5,793
26, 946
5, 977
2,175,266
1,717,132
371,956
48,167
6,231
2,141,687
1,727,692
339,679
12, 725
336, 579
10, 766
356, 624
11,193
377,167
11, 869
411,606
12, 025
419, 369
14, 009
452, 312
14,801
482, 448
13,430
445, 976
14, 342
489,293
13, 204
551,114
11,577
489, 180
29,490
385, 525
27,919
320,394
30, 315
351, 679
29, 254
428,572
28,100
398, 683
29. 474
366,128
31,326
380,153
26, 756
452, 731
30,096
371,146
32,046
297,358
28, 611
361, 836
5.380
45.996
5.380
45. 996
5.380
45.996
5.380
45.996
5.380
45. 996
5.380
45.996
5.380
45.996
5.380
45.996
5, 380
45. 996
45. mi
5.380 |
45.996
* The quarterly report is complete for the industry; the new monthly data are for 7 companies, earlier data for which are shown on p. 20 of this issue.
°b Final estimate.
Dec. 1 estimate.
«Not available.
r
Revised.
5.380
45
SUEVEY OF CUREENT BUSINESS
February 1937
Monthly statistics through December 1935, to- 1936
1935
gether with explanatory notes and references
to the source of the data may be found in Decem- Decem- January
ber
ber
the 1936 Supplement to the Survey
1936
February
March
April
May
June
July
August SeptemOctober November
ber
FUELS AND BYPRODUCTS
Anthracite:
COAL
129
Exports
thous. of long tons_.
Prices, composite, chestnut:
11.81
Retail*
dol. per short ton_.
9,905
Wholesale
..do
5,180
Production!thous. of short tons__
4,317
Shipments
do
Stocks, end of month:
2,259
In producers' storage yards
do
In selected retail dealers' yards
number of days' supply. _
Bituminous:
Industrial consumption, total
thous. of short tons..
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial.
do
Other consumption:
132
Vessels (bunker)
thous. of long tons_.
Coal mine fuel
thous. of short tons..
"494"
Exports
thous. of long tons..
Prices:
Retail, composite, 38 cities
1.53
dol. per short ton..
Wholesale:
4,233
Mine run, composite
do
4,548
Prepared sizes, composite
do
Production
thous. of short tons.. 44, 487
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons..
Industrial, total
do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
do
118
80
101
10. 015
' 6, 933
5,934
10. 001
* 2, 928
2,429
11.61
9.707
'4,651
4,217
9.283
'4,910
4, 274
528
458
369
853
188
10. 045
'4,726
4,116
11.76
9.981
'5,547
4,865
1,911
1,217
35
23
26, 560
192
4,850
212
198
3,221
7,390
1,117
9,380
27, 798
225
4,765
129
190
3,265
7,918
1,166
10,140
79
298
457
96
348
323
4.337
4.528
35, 388
37, 017
28, 717
5,559
266
479
6, 250
5, 589
954
9,620
100
91
9.327
' 4, 235
11.20
9.452
'3,932
3,516
3,345
1,240
1,556
96
120
11.62
9.721
'4,038
3,440
9.857
' 4, 562
3,942
9.914
r 4, 387
3, 783
1,992
2,347
2,473
2,515
1,201
1 222
4.224
4. 557
43, 284
4.228
4. 551
41, 588
38
59
57
27, 670
242
4,522
130
182
3,195
8,118
1,181
10,100
25,821
174
4,688
198
182
2,896
7,392
1,091
9,200
25, 217
140
4,993
341
164
2,711
6,841
1,157
8,870
24, 442
134
5,408
454
162
2,801
6,596
1,077
7,810
24,052
148
5,325
472
154
3,153
6,255
1,045
7,500
24,950
177
5,332
507
148
3,564
6,501
1,011
7,710
25,427
205
5,548
550
149
3,662
6,546
1,037
7,730
26, 063
262
5,499
534
153
3,654
6,782
1,059
8,120
87
366
321
101
276
308
268
462
116
252
1,103
122
260
914
124
283
1,035
134
294
1,174
134
329
954
4.320
4.547
39,330
4.359
4.683
41, 375
4.347
4.612
31, 233
4.303
4.340
30, 318
4.289
4.302
28, 541
4.289
4.303
29, 300
4.227
4.346
32,054
4.217
4.428
33, 240
4.229
4.498
37, 200
33,052
25, 752
4,640
259
436
5,983
5,193
901
8, 340
7,300
29, 542
23, 342
3, 845
258
380
5,637
4,774
858
7,590
6,200
28, 083
22,133
3,431
236
350
5,509
4,840
817
26, 596
21,446
3,515
256
211
5,613
4,674
807
6,370
5,150
28, 073
22, 573
4,064
251
228
5,645
4,521
874
6,990
5,500
28, 753
22,953
4, 565
250
245
5,548
4,351
874
7,120
5,800
30,126
23, 726
5,302
236
275
5,473
4,254
916
7,270
6,400
32,071
25,171
5,982
257
267
5,744
4,304
947
7,670
6,900
34, 575
27, 235
6, 562
241
283
5,933
4,963
973
8,280
7,340
67
62
8.57
5,950
139
9.564
'3,457
2,917
31
8.58
8,300
189
151
8.31
8.13
COKE
Exports
thous. of long tons-Price, beehive, Connellsville (furnace)
dol. per short ton-Production:
Beehive
thous. of short tons_
Byproduct
_do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnaces
do
At merchant plants
do
Petroleum coke
do
44
32
43
44
24
20
34
62
67
69
3.938
3.606
3.575
3.575
3.575
3. 575
3.575
3.575
3.550
3.575
261
4,348
119
3,364
106
142
3,309
120
153
3,141
108
109
3,257
105
3, 466
109
84
3,753
113
93
3, 695
122
111
3,718
120
128
3,866
121
1,684
487
1,197
2,780
903
1,876
389
2,110
759
1,351
360
1,274
614
660
334
1,444
632
812
360
1, 586
567
1, 020
367
1, 695
581
1,114
382
1, 702
597
1,104
382
1,816
651
1,165
399
1,986
670
1, 316
409
PETROLEUM AND PRODUCTS
Crude petroleum:
93,444
84, 992
91, 709
85, 286
89. 003
84, 545
85, 776
Consumption (run to stills)---thous. of brjL.
81, 523
90, 637
2,871
3,001
2,993
2, 591
2,183
2,256
2, 865
Imports
do
2,872
2,661
2,758
Price (Kansas-Oklahoma) at wells
1. 040
.940
1. 040
1.040
1.040
1.040
1. 040
1. 040
dol. per bbL.
1.015
1.040
95. 090
88, 957
90, 568
90, 479
88, 820
Production
thous. of bbL.
82,120
92, 078
90,185
93, 739
73
81
74
76
Refinery operations
pet. of capacity.76
79
Stocks, end of month:
California:
64, 825
61, 227
63, 341
64, 382
62, 802
63, 729
63, 717
Heavy crude and fuel
thous. of bbl_.
63, 536
63, 792
35, 476
38, 944
36, 781
39. 856
40. 640
39, 338
37, 856
Light crude
do
40, 275
38, 878
268, 781 265, 195 263, 436 266, 092 268, 560 2f>8, 650 265, 554 262, 013 258, 685
East of California, total
do
51, 691
50, 704
53, 221
53, 628
51, 741
48, 789
53. 053
Refineries
do
47. 686
53, 989
218,077 216, 406 215, 750 214,351 215, 50* 214, 661 211,926 208, 792 206, 994
Tank farms and pipelines
do
1,566
1,788
1,149
1, 654
1, 199
1,557
Wells completed
_.number.
995
1,287
1,567
Refined petroleum products
Gas and fuel oils:
Consumption:
1,356
1,313
1,228
975
995
1,014
1,132
1,156
1,124
1, 093
Electric power plants
thous. of bbL.
3,919
4, 006
3, 810
3, 864
3, 811
3,773
3,878
3,795
3, 827
Railways (class I)
do
2, 375
2, 897
3,193
2 992
3,184
2,400
2, 643
3, 005
2,590
2, 690
Vessels (bunker)
do
.750
.785
.763
.775
.800
.800
.756
.800
.800
Price, fuel oil (Oklahoma)___dol. per bbl_.
Production:
23. 287
23, 144
23, 925
22, 499
25, 043
23, 667
23, 062
24, 573
23, 751
Residual fuel oil
thous. of bbL.
10, 627
9, 885
10, 323
10,169
10, 262
11, 125
Gas oil and dist. fuels
do
9, 567
10, 587
Stocks, end of month:
Residual fuel oil, east of California
20, 379
19, 525
18, 293
18,506
22, 827
17, 529
16, 996
20, 281
thous. of bbL.
18, 027
27, 645
24, 814
22, 475
19, 930
15, 746
15, 322
Gas oil and dist. fuels
do
17, 418
19, 910
17, 031
Gasoline:
46, 081
46, 638
42, 007
44, 630
35, 871
38, 825
• 33, 872 32, 553
Consumption, domestic
thous. of bbL.
27, 216
2, 029
2, 167
1,768
1, 404 I 2, 140
Exports
.do
2, 946
1,435
2,308
2,368
1, 755
Price, wholesale:
Drums, delivered (New York)
.155
.150
. 165
. 165
.150
. 165
dol. per gal_.
.166
. 154
. 165 i
.165
. 060
.059
.000
. 058
.060
.060
Refinery (Oklahoma)
.do
.060
.056
.061
.060 !
. 142
.142
.143
.141
. 143
.142
.143
Price, service station, 50 cities
do
.137
. 142 '
. 139 i
' Revised.
* New series. Data for period 1929-36 are shown on p. 20 of this issue.
f Revised series. Series revised for years 1935 and 1936. Revisions not shown above are as fellows—1935, January, 5,819; February, 4,607;
May, 5,031; June, 5,769; July, 3,616; August, 2,650; September, 4,266; October, 4,376: and November, 3,233.
66
60
3.875
3.875
164
3,831
123
237
4, 071
117
240
4,048
111
2,034
650
1,383
423
1, 886
578
1,308
408
1,806
519
1, 287
400
90, 872
2,629
93, 146
2, 956
89,142
2, 662
1.040
90, 972
80
1. 040
95, 795
80
1.040
91,018
79
64, 564
34, 123
253, 969
50, 469
203, 500
1,661
64, 745
33, 901
250, 724
49, 604
201, 120
1, 779
64, 836
33, 815
247, 452
48, 503
198,949
1, 625
1, 256
4, 058
3, 248
.750
' 1, 260
4. 627
2,724
.750
' 1, 340
4,522
1, S68
. 705
23, 154
10, 095
25, 2Sf)
10, 266
23. 071
11,201
20,182
27, 871
20, 53 r>
27, 659
20, 255
20,414
44, 346
2, 216
44,253
1, 902
39,919
2, 212
. 150
.050
.140
. 150
057
..140
.150
. 055 I
. 141 I
March, 3,152; April, 4.,911:
46
SURVEY OF CUEEENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1936
February 1937
1936
1935
Decem- Decem- January
ber
ber
February
March
April
May
June
October NovemAugust September
ber
July
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS-Con.
Refined petroleum products—Continued.
Gasoline—Continued.
Production.
At natural gas plants
thous. of bbl_.
At refineries
do
Retail distribution!
__thous. of gal._
Stocks, end of month:
Finished gasoline, total_._thous. of bbl._
At refineries
do
Natural gasoline
do
Kerosene:
Consumption, domestic
thous. of bbl_.
Exports
do
Price, water white 47, refinery, (Pennsylvania)..
dol. per gal..
Production
thous. of bbl__
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic.
do
Price, cylinder, refinery (Pennsylvania)
dol. per gaL.
Production
__
.thous of bbl__
Stocks, refinery, end of month.
do . .
Asphalt:
Imports...
thous. of short tons..
Production
do...
Stocks, refinery, end of month
do_.
Wax:
Production
..thous. of lb
Stocks, refinery, end of month
do
3.355
3,217
3,378
3, 275
3,584
3,653
3,196
3,265
3,507
3,830
' 3, 701
41, 951
41, 612
43, 500
44, 024
39,544
37,176
38, 764
39, 902
44, 568
35, 887
40, 667
,401,581 1,291,571 1,087,789 1,447,765 1,559,036 1,716,365 1,809,046 1,942,000 1,886,424 1,812,215 1,790,901
666
.051
.155
3,816
43,138
50, 647
31,328
55,917
36,158
3,936
65,061
44, 612
4,218
67,128
45, 799
4,553
66, 552
44, 361
5,058
64,675
42, 527
5,664
60, 519
39,050
5,829
55,922
35,062
5,846
53,040
33,417
5,653
51, 394
31,230
4,945
51, 238
31, 936
4,555
52,50$
33,242
4,153
5,081
497
5, 509
473
4,785
455
4,098
3,914
512
4, 035
380
3,075
664
3,019
474
3,218
607
4,305
590
4,370
565
4,943
841
.050
4,624
7,915
.051
4,761
6,599
.055
4,445
5,784
.055
4,741
5,974
.056
4,953
6,496
.056
4,626
6,681
.055
4,376
7,296
.052
4,455
8,228
.049
4,297
8,690
.050
4,428
8,217
.050
4,712
7,976
.050
4,788
6,966
1,433
1, 396
1,520
1,863
2,197
2, 028
1,969
2,123
1,851
2,059
1,911
1,938
.120
2,484
7,025
.120
2,309
7,127
.126
2,204
7,385
.135
2,515
7,137
.139
2,687
7,044
.149
2, 768
6, 884
.154
2,509
.155
2,626
6,620
.155
2,668
6,730
.155
2,567
6,544
.151
2,632
6,576
.150
2, 653
6,628
3
'205
'430
1
198
461
1
179
463
1
261
526
1
319
520
4
377
542
3
407
546
1
426
1
491
389
3
468
305
2
475
302
1
344
330
40, 320
114,675
44, 800
118,636
36,120
118, 312
42, 280
119,684
39,480
121, 857
40, 320
121, 416
38,920
117,362
34, 720
118, 257
35, 000
116, 888
34, 440
113,359
42,840
113,049
42,840
119, 307
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb_.
Calf and kip skins
do. _
Cattle hides
do.—
Goatskins
do
Sheep and lamb skins
do
Livestock (inspected slaughter):
Calves
_
thous. of animals..
Cattle
do
Hogs
do
Sheep
do
Prices, wholesale (Chicago):
Packers, heavy steers
dol. per lb_.
Calfskins, packers', 8 to 15 lb
do
LEATHER
Exports:
Sole leather
thous. of lb_.
Upper leather
thous. of sq. ft_.
Production:
Calf and kip
thous. of skins..
Cattle hides
thous. of hides..
Goat and kid
thous. of skins..
Sheep and lamb
do
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb_.
Upper chrome calf B grade, black, composite
dol. per sq. ft..
Stocks of cattle hides and leather, end of month,
total
thous. of equiv. hides..
In process and
finished
do
Raw
do
29,722
2,393
14,142
6,552
4,705
27.152
2,291
11.153
6,492
3,872
28, 264
2,390
12, 768
6,042
3,499
26, 255
2,035
13,498
5,573
3,265
28, 963
1,354
13,063
8,506
4,668
28,116
1,215
12, 613
7,911
4,809
25,216
2, 336
10,296i
8, 292
2, 549
27,690
1,434
13,145
5,690
5,989
26, 050
2,015
10,869
6,452
4,792
23,013
1,068
12,004
5,024
3,521
22, 442
1,967
9,429
5,183
4,354
20, 617
1,571
7,325
5,593
4,077
23,838
1,421
12,465
4,368
4,172
494
987
4,681
1,573
481
892
2,874
1,369
465
906
3,428
1,540
405
742
2,319
1,314
483
763
2,617
1,374
525
812
2,559
1,267
503
786
2,579
1,213
517
853
2,759
1,309
523
928
2,692
1,352
541
1,012
2,254
1,395
553
1,071
2,403
1,593
585
1,124
3,492
1,742
477
988
4,292
1,544
.156
.215
.148
.175
.150
.191
.146
.180
.130
.181
.130
.188
.123
.171
.125
.177
.124
.170
.131
.174
.147
.172
.149
.177
. 153
.201
133
6,807
226
5,174
146
5,284
210
5,044
310
5,234
410
5,107
368
5,566
110
4,180
241
4,846
144
4,787
176
5,973
300
6,116
1,092
1,924
4,393
3,153
1,195
1,943
4,168
3,135
1,002
1,856
3,757
3,125
960
1,908
3,786
2,824
1,046
1,844
4,018
2,925
1,693
3,990
2,897
1,199
1,657
4,055
2,849
1,289
1,834
3,989
3,237
1,158
1,866
3,900
3,391
1,051
1,806
3,947
3,059
1,083
«• 2, 049
3,862
3,692
296
4, 872
966
2, 002
3,663
3,314
.360
.355
.330
.330
.330
.350
.360
.380
.378
.370
.372
.378
17, 941
11,874
6,067
17,687
11, 676
6,011
17,456
11,417
6,039
17,198
11,118
6,080
r 17, 190
r 11,245
r 5, 945
17,431
11.522
5,909
201,375 203,250
121,861 126,406
79, 714 76,844
220,474
139,173
81,301
242,741
153,229
89,512
245,115
156,140
88,975
274, 853
179, 561
95, 292
242,106
152,627
89,479
.390
.390
.385
.365
.360
.382
.382
.380
.378
17, 735
11,188
6,547
17, 789
11, 576
6,213
17, 786
11, 568
6,218
17, 797
11, 655
6,142
17,845
11, 734
6,111
163,467
94, 725
68, 742
147,776
82,884
64,892
1S3,485
109,573
73,912
205,081
117,791
87,290
203,126
117,320
85,806
17, 827
11, 779
.379
.383
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs..
Dress and semidress
do
Work
__.do
Shoes:
83
Exports
thous. of pairs..
Prices, wholesale, factory:
5.50
Men's black calf blucher
dol. per pair.
4.50
Men's black calf oxford
do
3.15
Women's colored blucher
do
Production:
Total boots, shoes, and slippers
thous. of pairs. v 33, 075
Athletic
do...
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
do...
High and low cut, total
do__.
Boys' and youths'
do.__
Infants'
do
Misses' and children's
do...
Men's
do
Women's. _
do...
Slippers and moccasins for house wear
thous. of pairs.
All other footwear
do...
Preliminary.
r
Revised.
134
90
65
43
97
188
104
106
112
82
103
149
5.50
4.44
3.13
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
28,949
218
144
217
24,242
1,354
1,784
2,869
8,440
9,794
32,420
156
277
267
28,973
1,267
1,935
3,292
9,043
13, 436
32,142
165
256
277
28, 020
1,130
1,727
3,007
8,313
13,843
34,159
187
265
318
29,099
1,264
1,934
3,237
8,223
14,441
32,688
196
291
228
27, 412
1,221
1,967
3,154
8,027
13,042
29, 807
207
303
293
24,228
1,031
1,597
2,476
7,219
11,906
29, 007
209
242
246
23,304
1,309
1,666
2,307
7, £58
10, 463
35, 210
217
143
190
29, 236
1,556
1,611
3,043
8,738
14, 289
40,225
221
128
243
33,524
1,565
1,717
3,437
9,296
17, 509
40,444
204
154
255
32,887
1,604
1,883
3,354
9,519
16, 528
39,667
252
216
229
31,126
1,750
1,983
3,380
10,073
13,939
29,797
255
180
165
22,016
1,413
1, 764
2,609
8,350
7,880
3,277
850
1,633
1,115
2,140
1,284
2,726
1,564
2,904
1,657
3,139
1,637
3,695
1,311
4,484
940
5,192
917
5,968
976
6,942
903
6, 344
838
5.50
4.50
3.15
5. 50
4.50
3. 15
\ Number of States reporting varies slightly from month-to-month, but the comparability of the series is not seriously affected.
47
SUEVEY OF CUEEENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in Decem- DecemJanuary
the 1936 Supplement to the Survey
ber
ber
1936
February-
March
April
May-
June
July
August SeptemOctober November
ber
LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports (boards, planks, etc.)
M ft. b. m.
National Lumber Mfgrs. Assn.:
Production, total
_
mill. ft. b. m_
Hardwoods
do__.
Softwoods
_
do
Shipments, total
do
Hardwoods
do...
Softwoods
do...
Stocks, gross, end of month, total
do._.
Hardwoods
do_._
Softwoods
do
Retail movement (yard):
Ninth Federal Reserve District:
Sales
M ft. b. m_
Stocks, end of month
do...
Tenth Federal Reserve District:
Sales
do...
Stocks, end of month.
._
..do...
51,803
89,135
83,150
66,073
90,328
96,053
86,904
83,255
95, 230
85,813
82,409
89,934
!,036
1,677
249
1,428
1,757
262
1,495
7,451
1,835
5,616
1,422
207
1,215
1,331
220
1,111
7,273
1,915
5,358
1,490
229
1,261
1,569
238
1,331
7,203
1,905
5,298
1,353
215
1,138
1,467
238
1,229
7,103
1,882
5,221
1,587
244
1,343
1,688
281
1,407
6,998
1,843
5,155
1,865
253
1,613
1,932
267
1,665
6,533
1,836
5,097
1,891
253
1,638
1,821
259
1,562
7,013
1,832
5,181
1,896
273
1,623
1,846
257
1,589
7,060
1,845
5,215
2,055
282
1,773
1,915
259
1,655
7,200
1,866
5,334
1,990
283
1,706
1,867
267
1,600
7,358
1,883
5,476
1,978
285
1,694
1,963
274
1,689
7,374
1.887
5,488
2,156
281
1,875
2,169
291
1,878
7,370
1,874
5,496
1,649
252
1,397
1, 008
'279
1,330
7, 429
1,849
5,580
4,785
66, 502
4,594
61,365
3,677
70,834
2,374
77, 713
4,329
81,490
7,210
81,851
10, 227
79,392
13,192
72,456
11,827
77,794
12,042
74,909
12,842
72,208
14, 355
67, 785
' 10, 726
' 63,934
3,408
31, 299
r 2,435
28,637
2,884
29, 794
2,168
32,069
3,752
32,396
4,191
32,143
3,627
32,426
3,437
32,459
3,840
31,894
4,137
31,445
3,536
31,349
4, 648
30, 756
3,991
30,197
_.M ft. b. m_
do
do...
do...
do...
15, 500
19, 700
8,100
8,900
21, 700
6,700
7,600
5,300
4,700
27,400
8,900
11,900
5,600
5,100
27,900
7,900
14,300
5,400
5,450
27,550
12, 700
20,100
5,900
6,900
26,550
5,900
18, 500
7,200
7,500
25,400
4,300
15, 500
5,850
7,300
24,000
6,500
14, 600
6,200
7,850
22,350
7,050
13,000
7,000
9,000
20,500
8,300
12,400
7,900
8,500
21,000
10,100
13, 600
8,600
9,000
21,000
7,400
12, 600
9,000
8,500
21, 500
6,800
12,900
7,350
7,050
22, 500
do
do...
do...
do...
do...
41, 589
74,116
35, 489
35,878
65, 640
25, 064
25, 492
24,203
19,497
58,825
30,204
35,301
22, 783
20,395
61,365
40, 675
52,892
21,831
23,081
60,115
19,381
43, 793
27,607
28,479
58, 683
19,211
33,521
30,761
29,483
59,961
23,622
28, 564
30,273
28,579
61,655
30,576
27, 523
32,031
31,617
62,069
29,463
26,863
32,980
30,123
64,926
32,953
29,408
30,872
30,408
65,390
40, 671
36, 647
32,378
33,432
64,336
39, 210
41, 922
33,864
33,935
64, 265
56, 471
68, 405
31, 752
29,988
66,029
3,505
62
26,009
21,931
24,199
23,456
19, 542
19,455
23,498
12,985
40,462
23,371
28,714
14, 612
27,331
32,063
23,629
27,670
19, 456
28,920
31,776
21, 248
22, 625
19. 600
2,509
1,465
19.600
r
FLOORING
Maple, beech, and birch:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month.
Oak:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month.
SOFTWOODS
Fir, Douglas:
Exports:
Lumber
_M ft. b. m..
Timber
do
Prices, wholesale: *
No. 1, common boards.dol. per M ft. b. m_.
Flooring, 1 x 4 , " B " and better, v. g.
dol. per M ft. b. m_.
Southern pine:
Exports:
Lumber
M ft. b. m_.
Timber
do
Orders:
New
mill. ft. b. m.
Unfilled, end of month
do
Price, wholesale, flooring
dol. per M ft. b. m_.
Production
mill. ft. b. m.
Shipments
do
Stocks, end of month
do
Western pine:
Orders:
New
do
Unfilled, end of month
do
Price, wholesale, Ponderosa pine, 1 x 8 no. 2,
common (f. o. b. mills).dol. per M ft. b. m_.
Production
mill. ft. b. m_.
Shipments
do
Stocks, end of month
do
West Coast woodsi
Orders:
New
mill. ft. b. m_.
Unfilled end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Redwood, California:
Orders:
New
M ft. b. m_.
Unfilled, end of month
do
Production
.do
Shipments
do
18,312
20.286
17.444
18.130
18.498
18.620
19.600
19.845
42. 532
42. 532
43.610
43.978
44.100
43.855
43.120
17, 822
5,573
27, 083
10,492
21,983
7,072
18, 506
10, 261
28,913
6,184
22,893
7,506
21,487
6,890
750
509
435
369
530
414
465
419
575
439
520
39.28
625
650
1,530
35.75
460
410
1,630
36.61
487
485
1,632
37.01
453
460
1,625
36.78
510
555
1,580
429
442
318
236
314
272
224
271
24.46
264
351
1,792
23.12
211
211
1,622
23.46
151
246
1,536
642
907
444
396
1,329
521
524
462
413
1,203
44. 563
59,898
30,808
24,138
20.090
19. 845
19.502
41.160
40.180
40. 964
41.160
41.160
22, 826
6,358
25,463
5,137
19,836
4,224
19,955
6,587
24, 797
4,213
25, 322
4,310
515
359
520
329
560
324
650
600
374
645
374
630
409
37.63
540
560
1,560
37.40
550
555
1,555
37.37
545
550
1,550
36.52
590
565
1,575
36.61
585
590
1, 570
37.29
595
610
1,555
38.31
625
645
1,535
38.59
615
595
1, 555
334
302
321
306
401
340
382
324
379
335
468
361
428
321
455
325
393
329
23.71
143
227
1,469
23.89
214
275
1,418
23.83
307
313
1,413
23.77
412
359
1,472
23.82
444
384
1,532
23.78
468
377
1,623
23.79
492
405
1,745
23.92
456
426
1,785
23.91
448
457
1,781
24.28
348
360
1,778
624
605
552
519
1,181
424
563
461
466
1,176
498
547
521
483
1,199
645
509
1,181
491
470
559
530
1,210
415
513
524
1,199
572
393
594
594
1,199
558
462
515
490
1,225
530
452
516
539
1,202
726
520
679
658
1,223
418
661
336
277
1,282
28, 514
31,097
30,369
23,716
29,579
35, 818
31,318
27, 068
24, 054
44, 489
32,185
24, 711
32,979
43, 049
37, 318
34,327
41, 535
49,143
37, 584
35, 562
31,157
44, 213
37, 763
35, 207
29, 813
39,251
38, 700
37, 433
30, 603
37,172
35,434
30,992
32, 201
36, 608
38, 939
33, 477
34, 426
33, 781
38, 928
36,390
34,327
33,000
41, 884
33,814
32, 668
39, 873
34, 564
25, 998
82.0
59.0
60.0
58.0
58.0
59.0
59.0
65.0
68.0
74.0
81.0
86.0
85.0
10.5
15
13.5
8
3.0
19
9.0
12
10.0
13
6.0
5.0
18
5.0
12
3.5
23
3.0
21
5.0
23
5.0
20
5.0
26
31
12
18
16
13
25
30
33
31
77.0
19
21
57.0
11
22
57.0
12
22
57.0
12
24
57.0
13
22
54.0
11
20
56.0
11
21
58.0
11
25
60.5
15
25
63.5
16
76.0
85.5
83.5
88.9
66.3
89.9
86.0
78.0
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.9
84.0
83.5
87.5
70.4
84.0
83.5
87.5
20.090
42.728
FURNITURE
All districts:
Plant operations
percent of normal..
Grand Rapids district:
Orders:
Canceled
percent of new orders..
New
no. of days' production..
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
no. of days' sales..
Plant operations
percent of normal..
Shipments
no. of days' production_.
Prices, wholesale:
Beds, wooden
1926=100..
Dining-room chairs, set of 6
do
Kitchen cabinets
do
Living-room davenports
...do
Steel furniture (See Iron and Steel Section).
18
73.0
18
71.1
84.0
83.5
87.5
33
31
76.0
19
30
78.5
17
70.5
85. 5
83.5
87.5
71.7
85.5
83.5
88.9
\ Data for April, July, October and December are for 5 weeks; other months, 4 weeks, ' Revised. * New series. Data for period 1922-36 are shown on p. 19 of this issue.
48
SURVEY OF CUREENT BUSINESS
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in Decem- DecemJanuary
the 1936 Supplement to the Survey
ber
ber
February 1937
1936
February
March
April
May
June
July
October NovemAugust September
ber
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports (domestic)
__long tons..
Imports
do
Price, iron and steel, composite
dol. per long ton —
Ore
Iron ore (Lake Superior dist.):
Consumption by furnaces
thous. of long tonsShipments from upper lake ports
do
Receipts:
Lake Erie ports and furnaces
do
Other lower lake ports
do
Stocks, end of month, total
do
At furnaces
do
Lake Erie docks
do
Imports
do
Manganese ore, imports (manganese content)
thous. of long tons.-
62
37
31, 402
27, 022
4,380
189
239, 271
53, 678
241, 568
50, 489
213,802
43, 358
264, 337
56, 720
301,987
49, 277
314, 950
59,391
294,951
59, 910
296, 738
47,940
295,341
60, 697
235, 764
59,993
261, 882
64, 509
203, 297
61, 970
33.31
33.34
33.48
33.21
33.10
32.92
32.79
33.49
33.88
34.15
34.63
34. 65
3,101
0
2,952
0
2,632
0
2,898
0
3,485
19
3,882
5, 050
3,763
6,608
3,826
7,160
3,969
7, 444
4, 027
7,481
4,385
7,301
3,758
18
0
31,342 |
26, 248
5,093
138
0
0
28, 404
23,434
4,970
154
0
0
25, 809
20,904
4,904
125
0
0
22, 933
18,199
4,734
132
0
9
19, 370
15, 240
4,130
177
651
409
242
269
974
199
4, 692
1,931
23,107
18, 017
4,045
170
5,064
2,148
25, 211
21,194
4,017
5,120
2,005
28,158
24,008
4,150
234
5,383
1,904
31, 978
27,555
4,422
258
5,388
1,989
35,156
30,377
4,780
193
3,014
1,430
35, 378
30, 460
4,918
204
41
36
40
37
2,
1,
19,
15,
3,
4,269
48
13
56
30
23
19
38
29
67,035
61,674
735
57,609
42, 573
45,598
55.0
43,942
43,852
48,198
57.1
43, 386
38,278
40,611
49.9
39, 384
48,008
45, 536
55.9
46, 823
47,933
50,954
62.6
51, 840
44,136
45,027
55.3
48, 854
42, 848
43, 766
53.9
46, 489
41,031
44,413
53.3
46,158
45,179
42, 253
52.0
35,554
44,361
46,552
57.0
40,194
55, 521
51,778
61.9
48,338
58,152
50, 934
62.3
50, 041
101, 480
170
66, 825
120
63, 660
117
64, 550
120
68, 395
126
84,915
144
86, 030
146
85, 405
145
83, 720
146
88, 075
148
94,140
155
97, 740
161
99, 205
164
20.00
20.82
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.86
19.00
19.80
19.00
19. SO
19.25
20.00
22.39
3,115
21.39
2,106
21. 39
2,026
21.39
1,824
21.39
2,040
21.39
2,404
21.39
2,648
21.39
2,586
21.39
2,594
21.39
2,712
21.39
2,730
21.39
2,992
21.64
2,947
2,584
3, 562
29,965
3,287
4,018
33, 644
2,977
3,120
34,106
3,343
2,437
35, 053
3,954
1,664
37, 738
3, 456
1,683
35,429
3,639
2,243
44, 882
3,339
3,195
41,160
3,066
3,905
40, 314
3,020
3,634
39, 723
4,793
5,809
38, 706
4, 256
8,633
34, 388
2,748
5,202
31,681
23,821
19, 765
61, 771
18, 941
16, 330
114,019
17, 599
13, 786
114, 696
18, 454
11,955
121, 258
17, 957
8,984
129, 933
18,176
11,129
127, 274
19, 043
13, 552
150, 558
21, 625
19, 523
143, 991
24, 867
29, 200
139, 619
27, 265
24, 658
142, 225
29, 062
33, 549
137, 671
32, 748
45, 960
123, 005
22, 992
28,642
122,143
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
short tons—
Production
do
Percent of capacity
Shipments
short tons..
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day_.
Number
Prices, wholesale:
Basic (valley furnace) ...dol. per long t o n Composite pig iron
do.
Foundry, no. 2, northern (Pitts.)
dol. per long ton..
Production
thous. of long tons..
Cast-iron boilers and radiators:
Boilers, round:
Production
thous. of lb__
Shipments. _.
do
Stocks, end of month
do
Boilers, square:
Production
do...
Shipments
do__.
Stocks, end of month
do._.
Radiators:
Convection type:
Sales, incl. heating elements, cabinets,
and grilles
thous. sq. ft. heating surface._
Ordinary type:
Production
do
Shipments
do
Stocks, end of mo
do
Boilers, range, galvanized:
Orders:
New
number of boilers..
Unfilled, end of mo., total
do
Production
do
Shipments
do
Stocks, end of month
do
Boiler and pipe
fittings:
J
Cast iron:
j
Production
short tons—
Shipments
do
Malleable:
Production
do
Shipments
do
633
390
293
223
229
278
551
613
803
755
750
7,444
33,020
4,706
5,413
29, 420
4,733
4,183
30, 243
4,951
3,086
32, 224
5,046
2,720
34, 779
6, 345
3,549
36,997
6,253
4,175
40, 368
5,931
5,590
40,179
6,821
8,027
39, 223
7,487
7,785
39, 246
7,917
9,190
38, 216
9, 914
12, 452
35, 990
7,111
9,475
34, 032
129,644
83,949
91, 451
65, 028
43, 326
55,136
31, 999
57, 723
48, 726
49, 625
70, 890
25, 545
65, 409
77, 344
37, 690
62,143
25, 382
65, 658
62, 306
41, 042
62, 649
26, 094
64, 227
61, 937
43, 332
57,631
20,177
65, 773
63, 548
45, 557
66, 598
25, 581
60, 352
61,194
44, 715
73, 967
27, 279
74, 242
72, 921
38,161
834
671
036
442
755
89,192
50,064
103, 208
103, 799
39,164
91,142
44, 518
95, 757
96, 688
39, 233
151, 230
69, 869
142, 094
144, 211
37, 116
91,317
49, 396
113, 534
111,790
38, 860
5, 589
4,248
5,730
5,194
5,107
5, 217
5,721
5,325
6,032
5,940
5,768
5,923
5,981
6,132
6,414
7,690
7,160
9,529
8,211
9,613
9.989
10,170
8,902
8,134
3, 794
2,503
3,970
3,393
3,982
3,475
3,817
3,663
4,296
4,201
4,196
4,442
4,173
4,202
4, 233
4, 404
4, 225
5.697
5,200
5,454
5,639
5,794
5,270
4,618
212. 31
212.19
212.10
212.11
221. 80
221.80 I 221.95
222. 12
222. 35
115,
64,
80,
78,
39,
656
Sanitary Ware
Plumbing and heating equipment, wholesale
price (8 pieces)
dollars..
Porcelain enameled flatwear:
Orders, new, total
do
Signs
do
Table tops
do
Shipments, total
_
_do
Signs
do
Table tops
do
208.18
209. 50
212. 25
751, 629
191, 827
236,173
676, 656
196, 287
169,096
773,108
283, 239
197, 974
666,820
172,813
194,726
786,380
223,994
196,817
727,162
169,453
187,073
40, 529
34.0
13, 919
37, 793
31.7
10, 076
59,019
49.5
22, 542
44, 298
37.1
13, 373
51, 701
43.4
16, 650
47, 954
40.2
15, 830
71,341
59.8
32, 542
51, 674
43.3
17, 385
83,188
69.8
45,942
63,087
52.9
24, 712
63. 950
53.6
25,755
64, 246
53.9
25,857
94, 345
79.1
52, 466
70,323
59.0
30,802
74, 011
62. 1
34, 443
78,654
66.0
34,858
3,073
56
3, 048
51
2,964
54
3,343
59
3, 942
69
4,046
71
3,9S5
70
3,923
69
32, 285
35,097
27,917
31, 378
33,512
36, 232
41,178
44,382
877, 598 1,088,105 1,005,791
206,115 265,338 265,199
154, 291 238,447 187,662
908,433 1,076.233 1,002,735
220,427 315, 556 281, 205
176, 295 205,747 189, 980
951,022 1,027,198 1,105,921 1,119,943 1,139,842 1, 025, 742
284,068 292, 762 257,132 235,617 201,245
257, 344
210, 834 294,246 355, 827 287,987 325, 894
240,319
978,254 1,055,713 1,087,682 1,192.520 1,293,152
911,011
284, 574 298, 549 285.935 316,116 295, 440
214, 742
234, 884 310,063 319, 583 338, 500 385. 569
221, 318
Steel, Crude a n d Semimanufactured
Castings, steel:
Orders, new, total
short tons..
Percent of capacity
Railway specialties
short tons..
Production, total
do
Percent of capacity
do
Railway specialties
..short tons..
Ingots, steel:
I
Production
thous. of long tons..|
Percent of capacity
i
Bars, steel, cold finished, shipments
j
short tons.. 1
4, 432
!
59, 393
49.8
21, 455
81, 574
68.4
36,826
4,195
74 ;
56, 877
47.7
16, 6S6
76, 617
64.2
34,304
59, 431
49.8
17, 902
74, 775
62.7
30,006 I
76, 394
64. 1
35,714
68, 874
57.8
28, 094
4,161
73
4, 545 ;
4,337
79
39,931 ! 41,019 i 47,195
41,638
49
SUKVEY OF CURRENT BUSINESS
February 1937
1936
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1935
1936
Decem- Decem- January
ber
ber
February
March
April
May
June
j July
October
August September
Novem
ber
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Crude and Semimanufactured—
Continued
Prices, wholesale:
Composite, finished steel
dol. per lb__ 0. 0252
0. 0243
Steel billets, rerolling (Pittsburgh)
32.40
dol. per long ton__
29.00
Structural steel (Pittsburgh)
dol. per lb__ .0199
.0180
17.15
Steel scrap (Chicago)
dol. per gross ton—
13.35
U. S. Steel Corporation:
Earnings, net
thous. of dol__ 35,365
19, 299
Shipments, finished products
long tons__ 1,067,365 661,515
0. 0243
0.0243
0. 0237
0.0236
0. 0236
0.0236
0. 0243
0.0243
0. 0241
0. 0246
0. 0246
29.00
.0180
13.38
29.00
.0180
14.19
28.20
.0180
14.75
28.00
.0180
14.34
2S.00
.0180
12.88
28.00
.0181
12.85
30.00
.0190
13. 38
30.00
.0190
15.19
30.40
.0190
16.15
32.00
.0190
16.25
32.00
.0190
16.50
16,445
721~414~ ~676~315~ 783, 552 "979,"907" 984, 097
27,996
28,967
923, 703 961,803 1,007,417
882,643
499,838 427, 583 456, 682 343, 347
677, 462 515,380 697, 783 835,177
62.1
38.4
51.9
50.6
672,974 518, 795 694,331 836,983
20, 206 23, 658 21,852
23,621
351,888
653,971
48.6
658,103
17, 720
950,851
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
number...
Production
do
Percent of capacity
Shipments
number__
Stocks, end of month
do
Boilers, steel, new orders:
Area
...thous. of sq. ft._
Quantity...
number..
Furniture, steel:
Office furniture:
Orders:
New__
thous. of dol..
Unfilled, end of month
do
Shipments.do
Shelving:
Orders:
New
do
Unfilled, end of month
do
Shipments
do
Safes:
Orders:
New
do
• Unfilled, end of month.._
...do
Shipments
.do
Spring washers, shipments
..do
Plate, fabricated steel, new orders, total
short tons..
Oil storage tanks
do
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short tons..
Unfilled, end of month
do
Production, total
do
Percent of capacity.
Shipments
short tons..
Stocks end of month, total
do
Unsold stocks
do
Track work, shipments
do
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new:
Fan group
thous. of d o L .
Unit-heater group
do
Electric overhead cranes:
Orders:
New
do
Unfilled, end of month
do
Shipments
do
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign trade.)
F o u n d r y equipment:
Orders:
New
1922-24 = 100-Unfilled, end of m o n t h
do
Shipments
do
Fuel equipment:
Oil burners:
Orders:
New
number. _
Unfilled, end of m o n t h
do
Shipments
do
Stocks, end of m o n t h
do
Pulverizers, orders, new
do
|
Mechanical stokers, sales:
j
Classes 1, 2, and 3
do
j
800, 546
804, 526
59.9
793,670
28, 500
341,693
478, 592
36.0
480, 918
31, 830
400,608
479, 873
35.9
478, 588
29,171
349,752
476,465
35.6
471, 481
34,155
341, 248
578, 705
43.3
577, 240
35, 260
299, 745
650,028
48.5
658,657
26,991
400,184
636, 449
47.5
643,841
19, 599
452,386
626,599
46.8
627,065
19,133
1,872
915
685
595
623
634
810
705
590
594
784
687
723
721
1,131
1,049
1,110
1,090
1,075
1,136
1,056
1,232
968
1,200
937
837
2,227
1,363
2,113
1,520
908
1,558
1,619
940
1,586
1,427
882
1,484
1,667
964
1,586
1,583
913
1,634
1,514
975
1,451
1,565
1,070
1,470
1,511
918
1,511
1,517
996
1,439
1,587
1,033
1,550
1,841
1,097
1,777
1,734
1,186
1,646
670
426
571
370
196
379
389
243
342
325
198
371
419
235
382
378
229
384
414
262
381
448
294
416
394
358
393
448
386
420
433
394
425
436
395
435
459
418
436
287
228
240
182
255
205
206
203
169
176
255
189
173
185
219
227
190
210
232
251
197
244
313
228
218
207
251
224
216
226
246
204
208
205
267
205
204
209
199
195
178
220
201
250
194
234
242
238
192
240
247
51,017
9,320
35, 584
9,341
38, 709
3,354
' 27,863
5,940
' 30,437
3,620
' 30, 018
5,678
' 51,443
9,311
• 52,937 60,324
21,861
31,999
8,604
35,033
9,446
33, 791
6,632
' 40,465
6,368
336, 758
456, 811
230, 581
84.7
244, 409
132,432
59,325
5,579
203, 318
299, 394
208, 774
68.9
195,077
149, 213
74, 516
3,025
174,805
267, 673
223,000
73.3
207, 437
152, 283
84,037
3,366
138,244
231, 660
191,359
62.9
175, 702
168, 572
86,971
4,116
251,818
280,493
207,820
68.3
209,673
141,916
70,648
6,258
190, 269
221, 950
217,975
71.6
252, 441
124, 239
65, 783
7,031
191,511
217,831
224,056
73.6
210,127
138,510
72, 333
7,314
261, 439
276, 551
210,448
69.2
203,853
136, 605
75,912
6,507
192,873
263, 531
217, 651
71.5
213,372
138, 884
72, 603
6,216
207, 781
237, 029
202, 456
66.5
197,156
141, 328
79,451
6,401
255,557
287,746
213, 706
70.2
204, 285
137,556
71, 367
5,722
223,195
281, 226
235,057
82.6
223,874
133, 370
69, 355
5,547
294, 080
372,407
224, 031
78.7
212,130
128,906
62, 938
4,756
673
1,151
571
711
690
715
954
561
948
576
1,059
564
763
1,154
871
983
1,013
1,078
1,624
1,044
1,279
386
1,194
274
626
1,700
217
349
1,676
373
363
1,723
317
572
2,026
277
2,641
268
281
2,242
404
2,085
566
539
2,208
416
479
2,275
412
416
1,908
783
529
1,999
436
118.1
90.8
147.6
127.0
107.5
110.4
110.4
130.4
114.5
115.0
94.4
124.0
134.0
123.2
105.1
165.4
142.6
146.7
141. 4
130.8
153.0
159. 6
144.5
145.7
145.4
152.1
137.2
161.0
162.8
150.5
174.4
174.0
162.9
200.4
223.4
150.9
7, 765
1,648
7,729
15, 565
49
7,275
1,487
7,436
13, 437
36
7,139
1,531
7, 095
14, 057
29
9,235
2,034
8,732
15, 090
24
10, 373
2,365
10, 042
16, 901
41
12, 578
2,739
12, 204
18,794
29
15, 788
4, 078
14,449
19, 221
48
16,183
3,041
17, 220
21, 542
23
22,102
4,224
20,919
23, 578
34
34,893
4,092
35, 025
16, 444
33, 012
3, 547
33, 557
14,102
23
15, 381
2, 557
16,291
1 o,174
38
3,467
' 2, 387
' 2, 680
' 2, 652
' 3,180
' 3, 773
'133
24,855
' 155
' 43, 530
105.3
125. 7
' 4,712 i 5,952
9,123 • 16, 139 ' 17, 909
!
!
r
434
499
'186 ! T 244 ; 336
462
38, 068 ' 50, 717 I 67, 218 80, 263 75, 106 ' 89,130
127.5
118. 5
118. 9
128. S
150.1
136. 5
8, 687
' 163
'128
«• 27, 497 ' 25, 260
283.3
319.6
187.1
,513
Number
j
309
Horsepower
I 79, 226
Machine tools, orders, new
av. mo. shipments 1926 = 100.-!
257. 7
Pumps:
|
Domestic, water, shipments:
j
Pitcher, other hand, a n d windmilL.units__
32, G02
Power, horizontal type
do
1,134
Measuring and dispensing, shipments:
I
Gasoline:
Kami-operated
do
756
Power
do
9, 027
Oil, grease, and other:
Hand-operated
do
I 13, 790
p
546
Power
do
Steam, power, centrifugal, and rotary:
Orders, new
thous. of dol—
' Revised.
1,345
196
34,160
110.8
112.1
r
1,106
r
60, 054 55, 762
' 1, 326 ' 1,412
19,493
613
' 39, 959
'779
' 36, 400
r
603
r 43, 233
r
976
' 40, 679
968
42, 407
1, 2.50
1, 193
4,901
••442
' 4, 518
569
3, 992
'607
' 5, 218
851
8, 703
7Pfc
8, 923
574
8 774
9, 325
5, 993
823
' 5, 661
966
4,401
881
9,492
1,259
9,720
844
10, 332
1,110
9, 916
964
11, 855
1, 097
832
1, 039
1,044
1, 068
1, 066
1,029
1, 049
1,175 I
6S0
8,959
8,013
1,172
1,303
324
62, 680
147.1
r 47, 54S
' 1, 306
' 33, 022
r
1,330
867
9, 309
' 802
' 8, C21
736
8, 286
8,468
959
11,235
933
12,742
601
931
976
869
50
SUEVEY OF CURRENT BUSINESS
1936
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
December
1935
February 1937
1936
Decem- Januaryber
February
March
April
May
June
July
August
Septem- October November
ber
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Water-softening apparatus, shipments-.units..
Water systems, shipments
do
Woodworking machinery:
Orders:
Canceled
thous. of doL.
New
do
Unfilled, end of month
do
Shipments:
Quantity
machines..
Value
.thous. of doL.
737
7,030
12, 059
1,031
13, 067
1,014
13, 718
1,052
17, 295
845
16, 815
1,016
14, 990
954
15, 537
1,001
• 13,112
12
449
538
3
412
581
5
417
632
7
377
610
9
439
604
9
445
597
12
474
610
16
571
657
9
652
819
10
561
14
737
1,050
357
190
361
201
365
224
358
217
383
24.7
444
267
445
280
439
300
494
358
490
314
557
280
470
24, 439
.1263
24, 251
.1260
18, 997
.1257
19, 938
.1263
21, 685
.1257
28, 003
.1207
41, 043
.1188
29,113
.1165
40, 506
.1163
22, 836
.1198
19,178
.1222
27,496
.1263
1,954
469
1,485
2,510
546
1,964
2,013
524
1,489
2,064
453
1,612
2,414
549
1,865
2, 312
420
1, 893
2,374
495
1,879
2,540
563
1,976
2,495
772
1,723
2,654
678
1,977
2,491
695
1.796
2,362
570
1,792
22, 597
27, 456
25, 211
12,998
14, 749
12, 692
19, 840
16, 723
15,700
17, 874
16, 428
11,988
17, 250
11,311
10, 111
20, 421
15, 700
12, 926
24, 516
14, 670
14, 561
22,148
18, 071
14, 788
24, 622
15, 574
12,980
22, 737
14, 639
11, 225
28, 577
9,516
8,093
24,560
23, 589
22, 321
0
2,246
.0903
1,454
603
.0903
42
981
.0903
2,938
1,502
.0903
1,191
.0917
1, 467
1, 307
. 0928
9
100
.0928
1,512
1,771
.0935
2
2,592
.0953
13
3,401
.0953
24
1,399
.0956
25
1,243
.1016
742
946
2, 967
1,027
1,192
2,997
382
1.742
31, 648
8,639
29,464
3,183
28,195
6,467
29, 341
4,550
29, 535
2,950
30,547
4,540
31, 828
3,500
34, 137
5,880
31, 314
3,180
31,096
2,970
30,910
4,880
.0450
37,958
42,333
222, 306
.0450
34, 088
34, 590
224, 013
.0452
32, 221
225,010
.0460
32,184
36, 743
223,388
.0460
36,175
40, 457
220, 991
.0460
39, 558
33,125
229,409
.0460
36,756
37, 736
230, 481
.0460
36, 863
38, 996
231, 081
.0460
31,117
46,388
218, 233
.0460
29, 788
50,685
200, 517
.0463
39, 317
59,210
183,430
.0511
40, 273
' 50,313
176, 960
2,350
5,360
6,287
.4977
2,300
6,635
6,646
.4724
2,400
5,600
6,525
.4792
2,350
5,520
6,104
.4799
2,850
6,235
4,994
.4694
3,300
5,235
5, 493
.4630
3,520
7,795
8,134
.4222
3,260
7,120
6,674
.4297
3,050
5,385
6,069
.4257
3,300
6,200
5,626
.4474
3,300
6,005
6,327
.4494
2,940
5,345
5,098
.5131
15,318
2,312
17,233
2,985
17, 562
3,523
18,664
3,968
2,713
18,380
2,941
16, 448
3,054
16, 759
2,151
17, 642
3,095
16, 896
2,860
19, 048
3.315
23,148
3,030
.0527
21,000
.0485
35, 200
24,900
.0485
36, 770
25,130
.0486
38,640
26,930
.0490
40,060
28, 070
.0490
40,900
33, 560
.0490
29,420
39, 240
.0488
22, 060
41, 270
.0478
35, 810
37,180
.0480
35, 780
30, 590
.0485
46,500
31, 200
.0485
47, 050
42, 965
59,821
59, 821
44, 756
40, 550
38,329
42,058
42, 058
83,758
41,917
38, 205
46, 468
46, 468
79, 207
36,228
38,004
39,918
39,918
75, 517
42,483
37,922
38,159
38,159
79,841
43,252
41,400
42,311
42, 311
80,782
44,905
41, 048
43,977
43, 977
81, 710
44.947
40, 700
41, 654
41, 654
85, 003
45, 553
41, 308
41,891
41,891
88, 665
43, 614
41. 308
46,085
46,085
86,194
42, 283
40, 672
51,847
51, 847
76, 630
46,
41,
54,
54.
68.
2,258
203
3,903
242
2,992
200
3,246
253
3,637
358
3,631
230
2, 262
168
4,391
329
3,203
221
1,018
10,864
7,195
754
10, 760
7
744
1,195
459
462
367
619
r
990
' 11, 074
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite
-long tons.. 29, 744
Price, scrap, cast (N. Y.)
dol. per lb..
Babbitt metal (white-base antifriction-bearing
metals):
Production, total
thous. of lb._
2,706
For own use
do
602
Sales
_
do
2,104
Copper:^
Exports, refined and mfrs
short tons.. 23,490
Imports, total
do
16, 702
For smelting, refining, and export._.do
12, 599
Product of Cuba and the Philippine Is2,974
lands
short tons__
All other
do
1,129
Price, electrolytic (N. Y.)_
_dol. per lb_.
.1076
Lead:
Imports of ore, concentrates, pigs, bars, etc.
short tons..
1,073
Ore:
Receipts, lead content of domestic ore.do
32, 052
Shipments, Joplin district
do
Refined:
Price, wholesale, pie:, desilverized (N. Y.)
dol. per lb_.
.0555
Production from domestic ore..short tons._ 43, 613
Shipments, reported
.do
51, 646
Stocks, end of month
do
172,423
Tin:
Consumption in manufacture of tin and
terneplate
..long tons..
3,200
Deliveries
do
6,930
Imports, bars, blocks, etc
do
8,339
Price, Straits (N. Y.)_
dol. per lb._
.5185
Stocks, end of month:
World, visible supply
-long tons.. 23, 787
United States
..do
5,095
Zinc:
Ore, Joplin district:
Shipments
short tons..
Stocks, end of month
do
Price, prime, western (St. L.)_ dol. per lb_.
Production, slab, at primary smelters
short tons..
Retorts in operation, end of mo
number..
Shipments, total
short tons..
Domestic
do
Stocks, refinery, end of mo
do
1,217
.0497
297
733
035
035
892
45, 742
43,103
57,107
57,107
57, 527
2 757
146
3,365
215
Electrical Equipment
Furnaces, electric, new orders:
Unit
kilowatts..
3,161
1,369
Value
thous. of dol..
236
122
Electrical goods, new orders (quarterly)
thous. of d o L .
139,012
Laminated phenolic products, shipments
thous. of d o L .
1,252
813
Motors (1-200 H . P . ) :
Billings (shipments):
A. C
thous. of d o L .
1,932
D. C
do572
Orders, new:
A. C
.do....
2,000
D. C
___do__.
626
Power cables, paper insulated:
Shipments
._.thous. of ft__
233
Value
thous. of d o L .
299
Power switching equipment, new orders:
Indoor
dollars_. 224, 562 64, 691
Outdoor
do
284, 308 115,247
Ranges, electric, billed sales
thous. of d o l . .
1,108
Refrigerators, household, sales
number..
75,904
Vacuum cleaners, shipments:
Floor cleaners
do.
114, 892 86, 763
Hand-type cleaners
do
26, 570
40, 921
Vulcanized fiber:
Consumption of fiber paper
thous. of lb._
1,718
2,446
Shipments.._
. . . t h o u s . of dol._
387
599
190,598
153, 452
189,516
844
924
1,004
1,146
1,136
1,141
1,075
1,116
1,151
1,158
1,566
432
1,770
534
1,815
425
2,158
518
2, 248
525
2,513
554
2,536
524
2,319
607
2. 466
661
2, 735
727
2,243
558
1,881
455
1,876
612
2,134
585
2,194
595
2,539
613
2,915
60S
2,636
599
2,628
682
2,691
882
573
2,563
658
323
367
419
328
446
561
408
533
697
536
613
672
610
664
734
655
671
677
672
518
607
41, 637
91, 522
810
119,764
63,163
156,313
1,142
179, 058
57, 981
166,011
2,190
272,139
68,080
214, 250
2,213
304, 089
77, 795
162,163
2,311
329,140
72,425
143,868
2,272
237, 371
118, 256
203, 674
1,678
205, 098
85, 758
165, 245
1,468
106, 975
75,906
222, 832
1,746
80,050
99, 621
267. 098
1,708
44, 380
89, 517
192, 967
1, 425
78, 2G5
74, 733
24,999
86,084
23, 769
114,001
35, 878
104,559
29, 588
105, 275
32,175
80,649
22, 295
71, 628
18, 765
84.108
22,101
1,781
455
1,635
417
1,830
492
2, 248
471
2,116
489
2,179
525
2,210
485
2,129
470 '
104,944 109, 636
39,118 | 32,944
2,185
517
2, 382
579
100, 983
38, 860
2, 235
105
fr Monthly data on copper production, shipments, and stocks for months of 1936, comparable with those shown in the 1936 supplement through 1935, are not available.
Revised.
51
SURVEY OF CURRENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary Febru1936 Supplement to the Survey
ber
ber
ary
METALS AND
1936
March
April
June
May
July
October NovemAugust September
ber
MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
net t o n s . .
Orders, unfilled, end of mo
do
Plumbing fixtures, brass:
Shipments
number of pieces..
Radiators, convection type:
Sales:
Heating elements only, without cabinets
or grilles
thous. of sq.ft. heating surfIncluding heating elements, cabinets, &
grilles
thous. of sq. ft. heating surf. Sheets, brass, price, mill
dol. per lb_.
Wire cloth (brass, bronze, and alloy):
Orders:
New
thous. of sq. ft..
Unfilled, end of mo
do
Production
do
Shipments
do
Stocks, end of month
do
7,939
33,077
5,894
18, 739
5,948
16,119
5.645
19, 761
5,897
18,914
6,012
22, 238
5,747
19, 288
5,996
17,379
6,339
25, 289
6,379
23,717
6,783
23, 796
8,025
32,411
7,773
30, 436
916, 783 1,240,615 1,155,921 1,210,393 1,275,836 1,274,888 1,345,454 1,502,900 1,428,850 l»561,410 1,657,418 1, 539, 774
168
60
145
62
63
51
74
84
101
140
106
141
103
328
168
130
.146
136
.146
121
.146
117
.146
202
.148
233
.151
349
.151
441
.152
415
.154
448
.155
459
.157
426
.162
689
774
521
508
749
386
505
379
395
695
418
528
447
398
689
370
495
406
416
689
413
516
424
411
709
369
412
450
439
702
416
441
387
386
706
408
500
413
379
740
384
478
413
416
718
423
469
408
406
698
455
528
433
442
740
505
567
501
457
764
517
672
428
418
771
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:! ®
Total, all grades
short tons..
Groundwood
do
Sulphate
.do
Sulphite, total
do
Bleached
do
Unbleached
do
Soda
_
_
do
Production.'f
Total, all grades
do
Groundwood
do
Sulphate
do
Sulphite, total
do
Bleached
do
Unbleached
do
Soda
do
Stocks, end of month:
Total, all grades
do
Groundwood
do
Sulphate
do
Sulphite, total
do
Bleached
do
Unbleached
do
Soda
do
Imports:
Chemical
do
215,612
Groundwood
do
363, 333
Price, sulphite, unbleached
dol. per 1001b._
2.33
420,336
109,175
128, 624
141,390
78,985
62,405
41,147
450,414
121,572
149,168
134, 778
77, 749
57, 029
44,896
427,005
110,359
138,594
135,140
77,906
57, 234
42,912
439,826
115,636
145,469
132, 703
78,517
54,186
46,018
480,263
125,502
145,680
160, 384
99,666
60, 718
48,697
474,535
127.654
158,202
144,316
85,728
58,588
44,363
471,464
126,735
156,861
143,788
87,332
56,456
44,080
461,261
119,326
154,036
145,443
88, 752
56,691
42,456
480,839
118,715
165,337
150,475
92,050
58,425
46,312
479,525
118,640
162,977
150,671
89, 507
61,164
47, 237
529,249
135,218
175,076
167,017
97, 766
69, 251
51,938
502,945
131,159
168,053
152, 533
89,060
63,473
51, 200
418,792
112,552
129,011
136,889
73, 947
60,942
40, 340
454,843
120,847
148, 574
140,118
80,402
59, 716
45,304
432,083 452,960
113,890 124,608
140,277 145,034
134,527 138,813
78,852 81, 534
55,675 57, 279
43,389 44, 505
479,939
135,972
146,707
148,121
91, 269
56, 852
49,139
487,989
136,383
157,729
148.655
91,103
57, 552
45, 222
472,417
124,985
157,808
145, 322
87, 948
57,374
44,302
450,128
110,079
154,345
142, 776
86,757
56,019
42,928
473,377
107,434
165, 503
153, 707
92,142
61,565
46,733
462,908
108,051
160, 727
146, 271
85,653
60,618
47,859
520, 511
127,805
173,514
167, 971
96, 798
71,173
51, 221
500,320
128,713
168, 221
154,013
89, 508
64, 505
49,373
r
89,852
'r35,693
5, 975
' 45,260
r
30, 267
r 14, 993
2,924
30,360
5,285
49, 735
32, 639
17,096
3,206
93,141 105,476 104, 234 116, 514 117,402 107,266 100, 707
33, 524 41,479
50,727 58,396 56,830 48,616 38, 646
8,384
8,232
6,843
6,440
7,912
7,085
7,471
49, 218 55,080 43, 239 47, 624 49,104 46, 529 49,478
33, 570 36, 593 28, 276 33, 631 34, 260 32,304 32, 369
15,648 18,487 14, 963 13, 993 14,844 14, 225 17,109
4,199
3,556
3,409
2,477
3,556
2,797
85,310
29,280
6,203
45,170
28, 565
16, 605
4,657
77, 656
22,742
4,784
45, 999
27, 651
18, 348
4,131
75,771
20, 600
4,985
47, 366
28,096
19, 270
2,820
222,320
19,850
1.93
208,933
28,183
1.94
201, 284
23, 572
1.98
198,195
27,031
2.06
243,858
28,116
1.90
213,837
20,392
1.90
160,649
13,796
1.90
143,576
20,457
1.90
122,060
13,905
1.90
166,048
21,437
1.91
235,129 207,444
14, 529 25,628
1.93
1.93
PAPER
Total paper:
Paper, incl. newsprint and paperboard:
Production!
short tons..
797,826 846,434 833,038 843,417 981,819 863, 555
717, 604 819, 300 753, 581 776,471 867, 931
Paper, excl. newsprint and paperboard:
Orders, new
short tons..
369,837 451,268 401, 523 453,983 485, 208 415,828 406, 228 466,482 428, 549 459,373 558,022 503, 593
Production
do
398.141 469,036 410, 225 414, 714 496,498 432,814 429, 324 474,040 439, 309 442, 692 540, 887 462,078
Shipments
do
383,172 472,010 400, 525 413, 778 485, 666 424, 281 415, 506 480,156 426,957 449, 087 536, 635 455, 218
Book paper:
Coated paper:
18,895 20,554
28,287
17,352 22, 352 22, 541 31, 096 18, 610 17, 097 16, 502 16,876 18,531
Orders, new
do
28,119
7,407
8,218
6,780
10,351
11, 364 17, 314 11, 336
6,657
12, 659
9.106
6, 634
Orders, unfilled, end of mo
do
12, 783 10,043
19, 239 22, 225
22, 761
23,106
21,844 24,697 23, 525 21, 409 19, 260 19, 226 20.103
Production
do
26, 835 18,831
77.7
79.0
68.0
69.4
83.4
83.4
63.4
C6.8
76.0
66.3
71.0
63.7
Percent of potential capacity
91.0
22, 531
23,640 22, 752 25, 998 23, 734 21, 308 18,497
18,885 20, 387 18.983 22,048
Shipments
short tons._ 28, 952 19,145
12,157
11,
992
12,
245
13,284
12,
334
16,
243
15,050
12,878
13,
386
12, 528
12, 093
Stocks, end of month
do
12, 785 14,961
Uncoated paper:
85,004
91,
452
77,
313
82,107
72,
890
115,477
82,
558
93,
980
128.
902
85,
548
101,413
98,108
Orders, new
.do
127, 834
54,829
37, 369 35,013 33, 058 33,831 34, 208 34, 270
Orders, unfilled, end of mo
do
66, 239 37, 746 40, 212 43, 739 65, 508 49,939
Price, cased, machine finished, at mills
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
dol. per 1001b._
95, 793 103,417
98,939
Production
.short tons__ 112, 689 91, 075 101, 223 96, 068 101, 669 107, 533 97, 369 86, 676 89, 210
76.0
80.0
71.6
73.4
83.2
83.5
84.3
77.5
71.8
85.4
71.5
73.9
Percent of potential capacity
86.2
98, 448
Shipments
short tons__ 119,231 84,964 99, 769 96, 293 107,116 105, 689 90, 507 83,718 86, 040 92, 611 94,141 101, 648
92, 607
73, 349 76,033 82, 280 83, 644 87, 036 88, 970 94, 548 89, 724
Stocks, end of month
do
81,713
86, 067 79,518 81,821
Fine paper:
39,674
29,912 43, 582 36, 999 39,086 44, 620 30,922 31,641 37,073 31,516 31.805 49,821
Orders, new
.do
10,468
13, 800
9.995
16,169
12, 274 10, 941
9,684
13,194
10,560
12,813
16,121
8,857
Orders, unfilled, end of mo
do
37,818
46,491
33, 676 47, 990 35, 561 35,077 39, 358 33, 626 30,625
Production
do
31, 633 41, 979 38,155
36,
412
45,
813
31, 838 31, 727
33, 559 33, 033 39,951
Shipments
do
35, 435 45,119
28,355
43, 467 34,803
68, 325
66, 350
62. 400 61,141
61, 545 62, 510 65, 784 62,957 65, 527 66,801
Stocks, end of month__
do
60, 206 59,143
Wrapping paper:
Orders, new
do
125, 290 149, 305 125, 557 133, 755 177, 510 151,013 140, 385 167,815 141,436 159, 712 207, 062 170, 003
71, 348 59. 041 58, 545 61.447 77, 344 73,312 72, 439 74, 750 77, 600 87, 212 95, 934 114,783
Orders, unfilled, end of mo
do
Production
do
131, 544 160, 822 130,719 132,887 105, 537 140,120 144, 615 163, 588 147,142 150, 952 195, 874 150,195
151,275
Shipments
do
127, 051 163, 312 126,821 128,056 161, 543 144, 232 143,367 167, 586 140,740 153, 243 199,369
113,012
Stocks, end of month
do
108,178 106,644 110, 424 114,066 118.269 114.092 113,711 109,180 112,323 110, 704 108,103
See note marked "f on next page.
»• Revised.
f Data are raised to industry totals; see the note explaining these series in the 1936 Supplement
® Comprises pulp used in the producing mills and shipments to the market.
52
SUEVEY OF CURRENT BUSINESS
1935
Monthly statistics through December 1935, to- 1 9 3 6
gether with explanatory notes and references
to the source of the data may be found in the Decem- Decem1936 Supplement to the Survey
ber
ber January
February 1937
1936
February
March
April
May
June
July
October NovemAugust September
ber
PAPER AND PRINTING—Continued
PAPER—Continued
Newsprint:
Canada:
Exports, _
short tons.
Production
do—
Shipments from mills
do
Stocks, at mills, end of mo
do
United States:
Consumption by publishers
do___
Imports
do...
Price, rolls, contract, destination (N. Y.
basis)
dol. per short ton.
Production^
short tons.
Shipments from mills
.do...
Stocks, end of month:
At mills
do__At publishers
...do...
In transit to publishers
do.__
Paperboard:
Consumption, waste paper
__do
Orders, new
do__.
Orders, unfilled, end of mo...
do...
Production^
_.do...
Percent of capacity
Stocks of waste paper, end of month:
At mills
short tons.
In transit and unshipped purchases
short tons.
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams.
Foreign
_.-do._.
Paper board shipping boxes:
Shipments, total
mills, of sq. ft.
Corrugated
do...
Solid
fiber
-do.-.
PRINTING
Blank forms, new orders
thous. ofsets.
Book publication, total
no. of editions.
New books
dO-._
N e w editions
do--_
Operations (productive cap.)
1923-25=100Sales books, n e w orders
thous. of books...
286, 233 277, 838 184, 884 184,079 256, 564 192,894 258,288 283, 589 234, 050 257, 577 278, 368 280, 733
289, 312 244, 732 227, 955 221,190 242, 900 258,721 267,067 270,881 274,627 270, 053 267,911 301,106
316, 723 265, 233 181, 403 206, 010 239, 253 267, 296 286,445 263, 684 271, 794 278, 219 267, 746 307, 250
24, 575 30,106
59, 574
76, 658 92, 082 96, 254 85, 629 66, 240 73,199
75,430 65, 794 65,989
198, 264 186, 514 161,185 182, 313 183, 974 183, 399 227, 216 178, 396 170, 884 168,289 175,811 203,198
278,991 249, 876 179, 982 157, 456 220, 641 203, 590 262, 580 222,187 205, 704 246,186 238, 317 260,135
40.00
41.00
41.00
41.00
41. 00
41.00
41.00
41.00
41.00
41.00
41.00
41.00
80, 048 75, 869 79, 336 72, 249 76, 500 76, 504 75, 719 79, 820 73, 361 74, 338 72, 206 81, 076
70, 650 74, 482 77, 714 77, 273 74,838
74, 780 72, 645 75, 599 81,771
79, 672 74,126
81,708
14, 328 10, 221 14, 275 16, 032 18,163
17,087
15, 906 21, 027 19, 857 21, 464 17, 397 16, 424
252,333 240, 838 237, 955 221,165 203, 814 188,453 191, 463 193, 464 201, 099 219, 727 230, 001 235, 997
53, 302 35,178
54,389
39, 387 40,851
48, 567 44,860
40, 573 46, 971 42, 789 43, 070 51, 069
279,068 196,429 229, 064 226, 216 237, 601 •245,738
350, 452 234, 753 •284,854 268, 843 290, 854 297,984
81,894 ' 95, 358 91,917 96, 202 99, 796
130,472
328,773 243, 594 •271,210 271,107 285, 257 •295,899
63.4
60.9
68.4
69.4
75.6
'71.8
199,404 211, 029 •216,521 193, 919 204,376
204, 353
35, 269 39,737
39,983
38,167
(0
44,306
74, 713
11, 492
166, 970
1,074
868
206
19,139
241,895 241, 656 249, 402
280,899 290, 098 304, 747
92, 784 96,402 101, 557
289, 527 288, 682 299, 033
71.0
70.5
'69.4
213,435
268, 770
332, 553
117,443
319, 391
76.7
281, 046
353,197
135, 732
328, 519
79.1
306,874
357,783
138, 830
359,849
'82.7
218, 330 219, 042 207, 886 191, 408 189,590
0)
0)
(0
(0
0)
0)
76,084
9,479
69, 709
7,306
76,191
10,176
85,824
9,377
2,188
1,945
242
2,249
1,994
255
2,698
2,382
317
79,469
7,455
2,809
2,485
324
55, 740
15, 231
65, 784
7,712
59, 936
4,575
67, 405
9,769
77, 561
10, 241
1,781
1,604
176
1,964
1,768
195
1,846
1,653
194
2,019
1,804
215
2,095
1,873
222
90,064
7,864
2,268
2,035
233
92,113
836
688
148
84
15,500
95,196
536
430
106
82
14,966
84, 853
842
676
166
83
13.033
95,189
953
801
152
82
15,778
101,805
854
718
136
84
15,031
990
795
195
86
15, 581
100, 725 107, 837 104,349
723
729
890
575
602
731
148
127
159
80
81
86
18,384
17,485
16,683
2,650
2,392
258
10' 421 129,034
809
1,195
690
966
119
229
94
98
16, 920 18,513
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, totaltt
long tons.. :9, 626 42, 657
28,640
For tires and tubest
do
51,382
39,812
Imports, total, including latex
do
.200
.132
Price, smoked sheets (N. Y.) dol. per lb_.
Shipments, world
long tons. _ 79,000 62, 709
454, 000 613,987
Stocks, world, end of month
do
105,000
86, 000
Afloat, total
do
56,567
39, 094
For United States
do
78,318 164, 295
London and Liverpool
do
61, 692
60, 000
British Malaya
do
210, 000 303,000
United States
do
Reclaimed rubber:^
12, 984
' 8, 765
Consumption
do
15, 938 ' 12, 002
Production.
do
30, 572
Stocks, end of month
do
17, 000
Scrap rubber:
29, 772
Consumption by reclaimers (quar.)._.do
TIRES AND TUBES*
Pneumatic casings:
Production
thousands-4,051
Shipments, total
do
4,154
Domestic
do
4,087
Stocks, end of month
do
8,196
Inner tubes:
4,048
Production.._
do
4,034
Shipments, total
do
3,986
Domestic
do
8,231
Stocks, end of month
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
thous. of lb~
16,830
MISCELLANEOUS PRODUCTS
Sin?le and double texture proofed fabrics:
2,447
Production
thous. of yd-. I
Rubber and canvas footwear:t
5, 993
Production, total
thous. of pairs.-!
1, 661
Tennis
do I
4, 332
Waterproof
do j
Shipments, total
do j
6. 276
Tennis
_.do L
830
Waterproof
do j
5. 446
G 252
Shipments, domestic, total
do j
Tennis
do
Waterproof
do
5, 437
14, GG7
Stocks, total, end of month
do j
Tennis
do.
6, 743
Waterproof
do.
8, 224
i
48, 506
33, 873
33, 921
.144
61,847
600, 479
£4, 000
43, 870
162,107
66, 618
287, 754
36, 746
25, 264
34, 339
154
63', 353
599, 355
85, 000
46, 532
157, 028
72, 530
284, 797
10, 039
11,665
26,047
366
10, 188
28, 267
42, 703 51,897
26,385
35, 390
34, 874 45, 830
.159
.159
68, 671 59, 261
574, 594 558,583
90,000
83,000
58, 935 47, 678
147, 712 140,404
61,045
66, 290
275, 837 268, 888
8, 768
10, 712
21,774
10,333
11,382
22, 286
50,482
36, 442
37,050
.156
67,718
533,411
89,000
48, 860
130, 590
59, 866
253, 955
52, 636
38,168
38,273
.159
65, 756
511,931
90,000
47, 228
122, 285
62, 426
237, 220
48,127
38, 380
' 39,843
. 165
82, 355
510,873
106,000
60, 343
113,386
63,838
227, 649
46, 657
35,823
41,788
.163
70, 249
492,439
99,000
63, 597
108,215
63,138
222, 086
10,396
11,512
22, 852
11,548
11,935
22, 634
11,816
12,330
22, 521
10,993
12, 856
23, 749
28, 994
31,033
46,330
49, 509
36, 520
35,093
40,965
50,033
.165
.164
71,342
80, 552
485,488 ' 478,190
96,000 ' 106,000
67, 825
62, 240
103, 962
96, 625
59, 534
60,287
225, 239 216, 031
11,171
12,959
24, 950
33, 741
4,579
3,875
3,802
8,918
3,577
3, 211
3, 142
9, 265
3,638
3,856
3,784
9, 087
4,854
4,903
4, 836
9,034
4, 971
5, 832
5, 752
8,176
5,610
5,792
5,711
7,833
5,465
5, 744
5,678
7,746
5,014
4,976
4,911
7,793
4,981
3, 836
3,768
9,005
5,125
4,081
4,012
10, 089
4,592
4,168
4,111
8,623
3 556
3 446
3 393
8,699
3,787
3,796
3,737
8,692
4,824
4,746
4,681
8,788
4,
4,
4,
8,
819
919
853
719
5,035
5,504
5,442
8,105
5,177
5,758
5,544
7,725
5,039
5,136
5,093
7,621
5,161
4,231
4, 031
8,627
5,397
4,108
4,055
9,977
19, 738
H 888
16, 564
20, 458
21,110
22, 833
2° 532
21,175
20, 974
21, 690
759
3, 2C8
3, 869
3, 268
3,526
3,667
4,145
4,849
4,650
231
498
732
819
929
890
788
915
873
957
305
652
5, 905
2,937
2,9G9
5, 011
3, 019
2, 022
5,011
2,997
2, 014
15, 804
7,207
8.697
5,876
2,888
2,988
4, 970
3, 519
1, 451
4, 923
3, 480
1,447
16, 699
6, 565
10,134
5, 227
2, 058
3,170
4, 429
3, 333
1, 096
4,399
3, 309
1. 090
17, 497
5, 289
12. 208
5, 659
2,018
3,641
4,334
2,791
1, 543
4,290
2,751
1,539
18, 822
4,519
14, 303
4,571
1,244
3, 327
5, 431
2,034
3,397
5, 407
2, 018
3. 390
17, 962
3, 729
14, 233
5,588
1, 377
4,212
6,877
1,443
5, 435
6,851
1, 420
5,431
16, 626
3,615
13,010
6,003
1,150
4,853
8. 0G3
9, 751
1,280
5.471
7. 897
2,645
5, 925
2,174
3, 751
(>, 144
2, 061
4, 083
6.109
2,042
4, 067
14,886
6, 839
8, 047
5,
2
2
4
1
2
4
1
2
14
7
7
1, 4S1
6, 582
8, 039
1, 405
6,574
14, 567
3, 2S6
11,281
1
r Revised.
Data no longer collected by the Bureau of the Census.
1 For data raised to industry totals, see the 1936 Supplement. Figures shown here are as reported; these were also given in the 1936 Supplement.
t Revised series. For crude rubber consumption, revisions in 1935 not shown in this issue or in the 1936 Supplement will appear in a subsequent issue.
t Data are raised to industry totals; see the note explaining these series in the 1936 Supplement.
12, 606
14,737
26, 389
7,102 !
7. S44 I
751 |
7, 093
13,430
3,780
9. 051
53
SURVEY OF CURRENT BUSINESS
February 1937
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- Decem- January
ber
ber
1936 Supplement to the Survey
1936
February
March
April
May
June
July
October NovemAugust September
ber
STONE, CLAY, AND GLASS PRODUCTS
BRICK
Common brick:
Price, wholesale, composite, f. o. b. plant
dol. per thousShipments
thous. of brickStocks, end of month.
do-_.
Face brick:*
Shipments
do-._
Stocks, end of month
do-.Vitrified paving brick:
Shipments
..do...
Stocks, end of month
...do-.-
11,818
11.777
11. 788
11.775
11.813
11.779
11.691
11.738 11.777
11.685
11,621
11.599
11.599
162, 490
73, 586 56,471 44, 736 109, 641 154, 473 171,418 172,892 170,135 172, 748 173, 723 189,104
443,
889
•433,
730
426,550 417,482 405,866 363, 932 322, 719 335, 768 368,638 398,870 417,660 419, 872
46,842
'
60,
877
58, 797
14,379
9,940 36, 475 51, 642 65,694 67,340 63,049 58,946
20,311
'269, 685 275,186
281,497 287, 211 297,175 288,835 278,152 269,004 264,056 264,335 270,048 269,206
9,634
8,724 10, 800 11, 614
8,972 11,476
10,920
7,858
3,892
2,052
4,856
4,715
65,850
71,400 68, 319
75, 447 71, 800 68,380 70,683
79, 730 79,677 79,408 76,073
81,191
PORTLAND CEMENT
Price, wholesale, composite
_dol. per bbL
Production
_.thous. of bbL
Percent of capacity
Shipments
thous. of bbL
Stocks, finished, end of month
do--_
Stocks, clinker, end of month
do...
1.667
8,971
40.3
6,246
22, 842
5,605
1.667
5,803
25.6
4,514
22,908
5,226
1.667
3,630
16.1
3,889
22, 686
5,214
1.667
3,454
16.4
3,156
22,971
5,590
1.667
5,263
23.4
7,138
21,126
5,625
1.667
8,519
39.2
9,089
20,571
5,328
1.667
10,985
48.9
11,121
20,431
5,071
1.667
11,273
52.3
12,417
19, 281
4,912
1.667
11,446
51.3
11,766
18,975
5,079
1.667
12,535
56.2
12, 560
18, 920
4, 931
1.667
12,470
56.0
13,089
18,079
4,980
1.667
r 10,977
50.9
r 8,942
' 20,117
' 5,180
792, 220 938,135
747, 459 908, 603
441, 989 434, 296
973, 750
964, 479
427, 509
1.667
12, 292
57.1
12, 564
18, 738
4,838
CLAY PRODUCTS
Bathroom accessories:
Production
Shipments
Stocks, end of month
number of pieces.. 726,183 296, 348 245, 321 290, 290 361, 799 426, 292 482,953
679, 623 282, 771 196,571 235,499 321,106 377,971 461,334
do
d o — 442, 507 330, 402 361, 063 395, 041 425,365 455, 938 458,916
555,949 722, 763 677,152
550, 875 716, 715 650,883
443, 222 431, 774 428,162
GLASS PRODUCTS
Glass containers:
Production...
_.
thous. of gross..
Percent of capacity
_.
Shipments
do—
Stocks, end of month
thous. of gross..
Illuminating glassware:
Orders:
New and contract
number of turns..
Unfilled, end of month
do
Production.
do—
Shipments
do
Stocks, end of month
_do—
Plate glass, production
thous. of sq. ft..
4,033
71.2
3,675
7,291
3, 059
55.5
2,537
8, 328
3,114
52.1
2,916
8,437
3,047
55.4
3,031
8,410
3,339
58.4
3, 434
8,270
3,604
63.0
3,604
8,224
3,810
69.3
3,996
7,942
68.1
3,999
7, 792
3,844
67.2
4,179
7,488
4,403
77.0
4,346
7,422
3,994
72.6
4,345
7,015
4,250
72.2
4,310
6,828
3,880
74.2
3,611
7,006
2,891
2,797
3,299
3,013
3,296
7,371
1,817
2,477
2,292
2,067
3,735
16,112
2,261
2,749
2,159
1,965
3,753
17, 276
1,853
1,883
2,148
1,978
4,045
13, 857
2,110
1,904
1,866
1,913
3,887
16, 057
2,381
2,109
2,039
2,127
3,916
19, 455
2,193
2,189
2,085
2,086
3,954
19,192
2,355
2,274
2,171
2, 250
4,009
16, 244
2,356
2,474
2,138
1,996
4,135
16, 428
2,594
2,620
2,154
2,374
3,123
18, 710
2,899
2,783
2,591
2,684
3,056
19,553
3,433
3,057
3,106
3,095
3,103
20, 753
3,093
2,919
3,049
2,924
3,104
13,084
120
1.492
128
GYPSUM (QUARTERLY)
Crude:
Imports
short tons..
Production
do
Shipments
do
Calcined, production
do
Calcined products, shipments:
Board, plaster, and lath
thous. of sq. ft..
Board, wall
do
Cement, Keene's
short tons..
Plasters, neat, wood fiber, sanded gauging
finish, etc
short tons.
For pottery, terra cotta, plate glass, mixing
plants, etc
short tons.
Tile, partition
thous. of sq. ft_.
152, 449
498, 765
140, 363
345, 826
7,735
355, 875
93, 338
310, 448
169, 477
727, 729
221, 330
559, 247
251, 668
863, 234
265, " "
617, 487
66,969
62, 886
5,716
57, 818
60, 361
5,768
115, 944
96, 022
9,676
147,818
83, 810
9,776
235, 111
205,353
368, 638
421, 740
34, 814
2,420
38, 834
2,716
50, 252
3,959
52, 692
4,946
TERRA COTTA
Orders, new:
QuantityValue
_.
short tons.
___thous. of dol.
1,372
171
1,509
179
211
1,105
138
1,050
146
1,945
215
1,706
202
975
110
1,507
189
78, 774 89,415
312,141 311,830
90,521
306,998
95,106
303,043
9,479
8,847
20,314
9,983
9,322
20,975
10,111
11,156
19,930
1,390
159
1,120
134
TILE
Hollow building tile:
Shipments
Stocks, end of month
short tons,
do
31,361
337,465
28,480
21,952
330, 262 327,112
48,330 68,536
318, 059 310,262
89,264 ' 92, 643
309,960 315,242
71,975
332, 980
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
.thous. of dozen pairs..
Shipments
do
Stocks, end of month
do
8,918
8,648
17,547
10,099
8,487
19,261
9,252
8,662
19,951
9,832
10,420
19,464
10, 201
10,176
19, 589
9,270
9,379
19,581
10,828
12,117
18,641
11, 566
12, 235
17,972
10,716
10, 846
17, 842
COTTON
693
574
646
627
Consumption
thous. of bales,.
551
577
531
555
607
500
590
516
630
352
182
861
690
Exports (excluding linters)
do
594
406
405
156
543
353
570
298
886
Ginnings (total crop to end of month indicated)
11,494
thous. of bales. . 11,705
41
1,374
9,880
10, 420
9,755
10, 248
6,031
12
Imports (excluding linters)...
do
16
14
20
20
18
16
13
13
10
13
9
Prices:
.122
. 123
.110
.112
.112
.122
.120
To producer
dol. per l b . .
.114
.126
.114
.111
.109
.125
.132
.122
Wholesale, middling (New York)
do....
.114
.128
.121
.120
.123
.116
.117
.117
.123
.119
.123
Production (crop estimate)
thous. of bales.. 12, 407 10, 638
Receipts into sight
.do
1,149
1,332
691
496
437
381
310
201
808
3,510
2,236
819
2,910
Stocks, end of month:
10,211
9,790
4,834
Domestic, total
do
8,653
7,179
6,329
5,089
9,431
9,820
7,907
5,511
7, 655
9,281
1,792
Mills
do._2,001
1,405
1,190
1,090
897
1,403
1,431
1,337
989
752
849
1,436
Warehouses
do
7,248
5,990
5,239
8,028
8,418
7,788
8,389
6,570
4,524
3,938
6,806
7,845
4,337
7,385
6,540
6,025
7,679
World visible supply, total
do
7,768
6,825
5,423
6,378
8,151
8,002
7,590
4,899
4,748
5,591
4,574
4,121
5,845
American cotton
do
6,363
4,992
3,579
4,578
5,918
6,271
6,038
3,091
2,986
r
Revised.
* New series. Data on face brick shipments and stocks, compiled by the U. S. Department of Commerce, Bureau of the Census, supersede those shown in the Survey
prior to the January 1937 issue, which have not been available since February 1936. Data back to January 1934 will appear in a subsequent issue.
54
SURVEY OF CURRENT BUSINESS
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemJanuary
1936 Supplement to the Survey
ber
ber
February 1937
1936
February
March
April
May
June
July
October NovemAugust September
ber
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton cloth:
Exports
...thous. of sq. yd..
Imports
_
--do
Prices, wholesale:
Print cloth, 64 x 60._
dol. per yd__
Sheeting, brown, 4 x 4
do
Cotton cloth finishing:
Production:
Bleached, plain
_
thous. of yd..
Dyed, colors
do
Dyed, black
do
Printed
.._
do
Stocks, end of month:
Bleached and dyed
do
Printed
do
Spindle activity:
Active spindles.
thousandsActive spindle hrs., total
.mills, of hrs_.
Average per spindle in place
hours..
Operations
_per. of capacity..
Cotton yarn:
Prices, wholesale:
22/ls, cones (Boston)
dol. per lb._
40/ls, southern spinning
do
12,465
4,910
15,489
9,489
15,392
8,799
21, 745
12,316
19, 685
9,836
18,840
16,843
14,624
18, 527
4,705
24,412
5,802
14,387
7,098
15,359
8,034
.064
.083
.058
.075
.056
.071
.055
.070
.053
.067
.051
.065
.054
.066
.059
.072
.059
.075
.060
.075
.077
123,991
101,021
5,717
90,882
101,160
83,960
3,950
104, 702
97,435
87, 685
4,554
100,528
92,807
90,390
4,118
91,860
107,893
101,739
4,140
95,274
104,837
103,305
4,087
91,074
105,062
98,345
4,364
89, 518
104,630
90,398
4,675
90,338
101,904
91, 620
6,357
91,273
104,667
100,061
7,690
91,157
107,706
100,042
6,420
86,514
121,419
105, 698
5,831
105,188
88,383
4,767
83, 760
183,108
83,691
203,494
107,382
197,107
105,464
198, 508
103,179
183,292
99,684
187,333
93,275
191,956
103,419
188,124
105,782
135,548
94, 557
154,264
88,815
171,340
86, 798
166, 771
80, 329
172, 559
79,152
24,090
8,679
313
134.5
23,399
6,804
233
103.8
23,323
7,709
266
111.8
23,348
6,735
233
105.2
23,182
7,254
251
107.9
23,119
7,313
255
110.7
22,833
6,896
242
105. 2
23,021
7,320
259
111.0
23, 252
7,855
279
119.8
23,434
7,573
270
115.8
23, 514
125.8
23,638
8,328
298
123.3
23,806
7,997
288
129.9
.341
.436
.321
.459
.299
.459
.290
.459
.278
.435
.274
.426
.271
.426
.271
.413
.295
.426
.301
.430
.303
.444
.304
.448
.311
.452
13, 750
15,123
12,843
9,648
.077
RAYON AND SILK
Rayon:
Deliveries, index:
557
504
473
422
477
517
Unadjusted
1923-25=100__
433
428
633
537
657
557
475
399
487
Adjusted
do
454
416
446
387
586
623
522
499
423
494
3-mo. moving average.do
420
495
483
447
672
626
594
1,540
312
392
346
551
683
Imports
thous. of lb__
611
1,242
2,441
1,113
2,072
Price, wholesale, 150 denier, "A" grade
.60
.57
.57
(N. Y.)
dol. per lb_.
.57
.57
.57
.57
.60
.58
.60
.60
Stocks, producers, end of mo.
0.1
no. of months' supply._
1.2
1.1
1.1
1.2
0.4
1.2
0.7
1.0
1.1
0.3
0.3
Silks:
Deliveries (consumption)
bales.. 41,627
36,000
35, 559
32, 053
45, 709
38, 995
34, 564
32, 087
42, 016
43,093
36, 658
31, 437
6,365
3,480
6,900
Imports, raw
thous. of lb__
6,275
4,066
4,647
6,315
4,143
4,753
6,953
7,275
5,518
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
1,968
1.784
1.733
dol. per lb__
1.958
1.950
1.682
1. 600
1,756
1.714
1.597
1.791
Stocks, end of month:
Total visible supplyt
bales.. 180,114 209,941 190, 911 179,380 167, 689 161,498 150, 266 135,609 145, 439 156,125 155,253 157, 500
44, 414
54,941
64, 680
53,689
29,553
30, 300
46,098
40,066
29, 825
United States (warehouses)
do
56, 511
35,409
30,139
538
611
581
1,513
.60
0.2
40,401
7,214
1.935
165, 713
40,713
WOOL
Consumption of scoured wool: J
Apparel class
thous. of lb_. 27, 949 27, 742
11, 555
7,442
Carpet class
do—
29,037
18,467
Imports, unmanufactured
do
Operations, machinery activity:
Combs
127
percent of active hours to total reported..
'106
Looms:
66
'44
Carpet and rug
do
52
'42
Narrow
do—
97
90
Broad
do—.
Spinning spindles:
111
'92
Woolen
do
96
Worsted
do
'74
Prices, wholesale:
1.06
.84
Raw, territory, fine, scoured
dol. per lb_.
.49
.39
Raw, Ohio and Penn.,
fleeces
do
Suiting, unfinished worsted, 13 oz. (at
1.955
1.733
factory)
dol. per yd_.
Women's dress goods, French serge, 54" (at
1.139
1.064
mill)
dol. per yd..
Worsted yarn, 32's, crossbred stock (Boston)
1.47
1.30
dol. per lb_.
Receipts at Boston, total
thous. of lb_. 18, 911 12,875
5,285
Domestic
do
6,139
7,590
Foreign
do—
12, 772
Stocks, scoured basis, end of quarter, total
thous. of lb_ 128,134 116,299
Woolen, total
d o — 44, 076 44, 768
33,711
34, 597
Domestic
do
10, 365
10,171
Foreign
do—
Worsted, total
do.__. 84, 058 71,531
44,201
51, 786
Domestic
do
39, 857
19, 745
Foreign
do
28, 526
7,819
21,167
24,666
7,357
21, 212
107
46
48
90
20, 209
7,424
25, 298
20,554
8,792
23,883
25, 902
11, 858
23, 550
24, 021
9,969
25, 548
106
97
109
36
74
56
43
73
66
46
72
64
42
82
87
57
87
57
97
68
90
74
96
83
.87
.37
.90
.38
.39
.38
.90
.39
.98
.43
17, 297
7, 036
17, 207
20, 075
7,227
17, 541
117
72
93
52
44
90
48
34
76
85
59
95
62
24, 697
9,266
16, 079
23,005
8,622
17, 546
21,477
9,162
19, 639
.92
.42
.93
.42
.37
1.733
1.733
1.742
1.782
1.782
1.782
1.745
1.634
1.634
1.652
1.782
1.064
1.101
1.114
1.114
1.114
1.114
1.114
1.114
1.074
1.064
1.101
1.31
17, 524
6,410
11,113
1.33
18,581
4,576
14, 006
1.33
22, 258
4. 845
17,413
1.30
20, 495
6,071
14,424
1.28
25, 599
21, 761
3,838
1.30
54,421
50, 424
3,997
1.29
66, 708
64, 300
2,408
1.28
21, 694
20,101
1,592
1.26
16.156
13,153
3,004
1.25
15, 478
12,060
3,418
1.34
20, 280
15, 515
4,766
.87
105,096
44, 667
32, 003
12, 664
60, 429
28, 470
31, 959
126, 846
44, 574
• 35, 350
' 9, 224
,272
• 65,161
• 17,111
147, 057
•1,747
38, 024
10, 723
98, 310
72, 874
25, 436
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity.
Stocks, end of month
thous. of gross,
Fur, sa'es by dealers
thous. of dol..
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of mo.thous. linear yd..
Pyroxylin spread
thous. of lb..
Shipments, billed
thous. linear yd.
r
66. 3
7,349
3,732
7,151
1,224
45.0
7,925
2,493
53.7
7,956
3,761
53.4
7,989
4,045
51.9
8,003
4,053
51.2
8,046
3,857
50.5
8,061
3,133
42.6
7,690
3,433
52.5
7,660
3,575
56. 0
7,550
2,808
61.0
7,461
' 2, 297
62.2
7,395
' 2, 850
3, 633
5, 648
5,495
2,154
3,895
3,845
2,033
3,951
3,715
1,943
3,894
3,876
2,475
5,121
4,689
2, 459
5,647
5,118
2,273
5,423
5,013
2,000
4,930
4,608
2,460
4,686
4,501
2,612
5,375
4,972
2,668
6,087
5,232
2,410
6,081
5,408
2,684
5,321
5,094
Revised.
t Rev:sed series. For data for period July 1930-December 1936 see p. 20 of this issue.
t Data for December 1935, January, April, July, and October 1936 are for 5 weeks; other months, 4 weeks.
55
SUEVEY OF CURRENT BUSINESS
February 1937
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in Decemthe 1936 Supplement to the Survey
ber
1935
1936
Decem- January
ber
February
March
April
May
June
July
October November
August »
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
Commercial (licensed)
Military (deliveries).
For export
number.
__do._.
do.._
do...
-
109
61
37
11
123
55
50
18
139
75
39
25
206
6,607
5,143
4,573
3,537
25, 654
15, 867
9,787
56,284
31,868
498
118,872
28
297
201
70
26
381
239
71
71
259
135
57
67
257
43
58
7,603
1,607
3,726
3,108
5,222
3,945
4,424
3,438
4,545
3,367
3,414
2,335
3,514
2,153
2,886
1,822
5,132
4,715
25,959
16,046
9,913
28.920
18.921
9,999
26,053
17, 723
8,330
28, 575
17, 727
10,848
24,042
14,987
9,055
22,525
12,714
9,811
15,728
8,323
7,405
10,939
4,564
6,375
16,720
9,894
6,826
27,428
20,032
7,396
87,169
55, 232
31,432
505
113,830
143, 515
94, 664
48,044
807
154,147
172,982
116, 297
55, 705
980
189,481
227
106
207
121
20
AUTOMOBILES
Exports:
Canada:
3,904
5,515
Assembled, total...
numberPassenger cars
do...
2,772
3,639
United States:
Assembled, total
do._.
28,012
35, 289
Passenger cars.
do...
17, 736
24, 788
10, 276
Trucks
do...
10, 501
Financing:
Retail purchasers, total
thous. of doL
97,508
New cars__
do...
64,605
Used cars
do__.
31,906
Unclassifled
do...
997
Wholesale (mfrs. to dealers)
do
149,728
Fire-extinguishing equipment, shipments:
Motor-vehicle apparatus
number.
53
71
Hand-type
do...
35,106 »• 25, 601
Production:
Automobiles:
Canada, total
do.._
13, 789
20,411
Passenger cars...
do__.
10, 666
16, 542
United States, total
d o . . . 498, 721 404, 528
Passenger cars
d o . . . 426, 019 343, 022
Trucks
do...
61, 506
72, 702
Automobile rims
thous. of rims.
1,912
1,942
Registrations:
New passenger cars
number. P317, 000 237,194
New commercial cars
d o . . . v 41, 500
39, 258
Sales (General Motors Corporation):
To consumers in U. S_
_
_.do___ 173,472 122,198
To dealers, total
d o . . . 239,114 185, 698
To U. S. dealers
_do,-_ 197,065 150, 010
Accessories and parts:
Shipments, combined index..Jan. 1925= 100.
135
164
Aecessories for original equip
do
155
198
Accessories to wholesalers
_do._.
160
83
Replacement parts
do__.
107
113
Service equipment.do—
73
91
42
52
38
53
r 30,135 r 23,531 r 30,639 ••32,430
176, 316 186,550
116,569 125, 916 112,795
58, 695 59, 606 54, 980
1,051
1,028
910
180,665 174,277 162, 404
1
32,496
56
35,110
38,560
140, 436 122,158 100, 696
91,206 76,563
58,486
48, 368 44,768 41, 580
828
861
630
127,032 55, 341 72, 086
108,101
70,376
37,050
675
130,224
59
31,105
64
34,309
60
31,440
36,573
13, 302 13, 268
11, 261 10,853
364, 004 287, 606
298, 274 224,816
65, 730 62, 790
1,877
1,261
18,021
14,488
420,971
343, 523
77, 448
1,841
24,951
20, 006 16, 400 10, 475
20, 247 16,389
13,126
8,192
502, 775 460, 565 452,955 440,999
417,133 385, 507 375,894 372,402
85, 642 75, 058 77,061 68, 597
2,258
1,876
1,960
1,716
4,660
4,655
3,051
2,481
271, 291 135,130
209, 754 90,597
61, 537 44,533
935
1,104
5,361
4,592
224, 628
190,688
33,940
1,847
10,812
10,086
394,890
341,456
53,434
2,173
215, 782 176, 668
43, 760 40,301
301, 272
51,817
397,190 392, 750 369,423 357,490
57, 000 62,183 56, 000
262,912
59, 222
54,611
171,319
41,207
223, 560
30,222
102,034 96,134
158, 572 144,874
131,134 116, 762
181, 782
196, 721
162,418
200,117 194, 628 189, 756 163, 459
229, 467 222,603 217,931 204,693
194,695 187,119 186,146 177,436
133,804
121,943
99, 775
85, 201
19, 288
4,669
44, 274
90, 764
69,334
155, 552
191, 720
156, 041
110
108
75
147
106
114
108
98
153
105
138
144
99
158
109
150
167
96
139
103
172, 033 171, 934 171, 700 171, 710
1,769
1,767
1,763
1,762
258,198 256, 903 241, 573 226, 095
14.8
14.7
13.9
13.0
24, 373 20, 530 18, 434 13, 291
15, 092 12,924
11, 787
7,251
9,281
7,606
6, 647
6,040
171, 586
1,759
217, 243
12.5
16, 579
10,974
5,605
2,182
2,179
2,176
44, 564 • 44,451 44, 314
8,736
7,929
8,369
19.6
18.8
17.9
53
106
57
171
215
223
43
50
67
35
44
64
3
2,173
r 44, 208
7,782
17.6
58
157
111
102
9
145
156
170
114
85
123
127
160
116
149
160
120
109
97
162
181
130
125
104
150
163
110
130
113
157
166
112
151
115
136
145
88
148
109
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars owned & on order, end of mo.:
Owned:
Capacity
mills, of lb.
Number
thousands.
In bad order
number.
Percent in bad order
Orders, unfilled
cars.
Equipment manufacturers
do
In railroad shops
do
Locomotives owned and on order, end of mo.:
Owned:
Tractive effort
mills, of l b .
Number
Awaiting classified repairs
number..
Percent of total
Installed
number..
Retired
do—
Orders, unfilled
do
Equipment manufacturers
do
In railroad shops
do
Passenper cars:
Owned by railroads
do
Unfilled orders
do
170, 416
1,745
205,146
11.9
23, 421
17, 755
5,666
175, 772
1, 817
266,876
14.9
12, 715
5,224
7,491
173, 507
1,791
256,511
14.6
11,315
4,444
6,871
172, 939
1,784
254, 598
14.5
12, 629
4,052
8,577
172,620
1,780
249, 296
14.2
13,478
5,471
8,007
2,166
44, 015
7,350
16.7
57
250
297
279
18
2,206
45, 375
9,914
21.8
54
241
5
0
5
2,199
45,179
9,825
21.8
81
284
5
0
5
2,197
45, 088
9,556
21.2
46
138
37
30
7
2,194
45, 009
9,642
21.4
53
132
52
40
12
40, 509
26
172, 460 ] 72, 341 172,156
1,778
1,772
1,776
253,125 260,013 254,447
14.5
14.6
14.9
15, 683 22, 964 25, 311
7,035
14, 646 15,907
8,648
9,404
8,318
2,193
44,966
9,610
21.4
60
103
52
40
12
2,189
2,186
44, 835 • 44, 743
9,389
9,119
21.0
20.4
65
91
196
184
58
67
59
40,199
G5
2,185
44, 682
8,906
19.9
60
124
65
57
8
39, 912
139
39, 700
183
(V. S. Bureau of the Census)
Locomotives:
Orders, unfilled, end of mo., total
Domestic
L
Electric
Steam
Shipments, domestic, total
Electric
Steam
Industrial electric (quarterly):
Shipments, total
Mining use
do.
do_.
do_.
do..
do_.
do..
do..
364
31
333
21
3
18
do_
do_.
109
104
do..
do.
do.
do..
3,513
3,483
12
101
95
33
62
4
3
1
106
100
33
67
5
0
5
114
111
35
115
112
37
75
12
3
9
106
101
35
66
18
2
16
113
102
39
63
13
125
117
36
81
7
4
3
330
321
34
287
9
3
6
104
103
(American Railway Car Institute)
Shipments:
Freight cars, total
Domestic
Passenger cars, total
Domestic
New orders:
Freight cars
Locomotives
Passenger cars
1,912
1,912
0
0
746
746
0
0
430
430
0
0
189
186
4
4
2,168
2,066
5
5
2,514
2,299
5
5
2,172
2,056
12
12
1,930
1,924
0
0
3, 854
3,804
4,964
4,963
1
1
5,205
5, 205
40
40
3,799
3, 799
16
16
1,050
14
0
7,236
46
37
627
13
0
3,650
15
50
9,677
10
0
4,320
24
20
4,469
9
34
3,225
3
0
3,100
24
0
1,310
22
5
1, 550
174
50
r
Revised.
(Railway Age)
_
do_.
___do_.
do..
1
17, 230
88
10, OgO
2
0
' Preliminary.
SURVEY OF CURRENT BUSINESS
56
1935
Monthly statistics through December 1935, to- 1936
gether with explanatory notes and references
to the source of the data may be found in the Decem- DecemFebru1936 Supplement to the Survey
ber January
ary
ber
February 1937
1936
March
April
June
May
July
October NovemAugust September
ber
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Continued
(U. S. Bureau of Foreign and Domestic Commerce)
Exports of locomotives, total
number..
Electric
do ;
Steam
do
j
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments, total
Domestic
Exports...
__.
number..;
do
|
do
9
3
6
129
122
7
SHIPBUILDING
;
United States:
j
Vessels under construction, all types
i
thous. gross tons..!
Steam and motor
do
Unrigged
do '
Vessels launched, all types
sross tons..
Powered:
Steam
do
Motor
do ,
Unrigged
do j
Steel
do ;
Vessels officially numbered, all types
gross tons.. 44, 737
Steel
..do.... 14,879
World (quarterly):
Launched:
Number
ships..
Tonnage...
_.-thous. gross tons..
Under construction:
'
Number
ships.-j
Tonnage.
thous. gross tons.. 2,251
112
100
74
26
113
110
3
125
115
10
112
101
11
124
113
11
111
103
221
169
52
210
159
51
23,282
201
151
50
24,007
223
153
70
12,298
119
63
56
8,412
119
64
55
5,834
133
76
57
12,277
137
78
59
10, 543
154
86
68
154
91
63
25, 507
5,161
213
132
81
3,911
0
0
8,412
8,412
0
350
5,484
5,484
7,500
100
4,677
12, 277
0
1,699
8,844
10, 543
7,300
905
18,724
26, 929
8,850
576
16, 081
25,161
0
125
5,036
5,036
0
475
3,436
3,436
0
1,441
8, 558
9,758
9,300
0
13,982
23, 282
7,451
810
15, 746
24,007
9,874
250
2,174
12, 098
36,651
8,017
17, 576
10,242
18, 429
17, 297
20,898
13, 386
21,321
8,024
24, 442
15,442
22,040
12,885
15,949
11, 407
14,118
3,992
5,953
2,857
44,091
33, 423
31, 871
22, 607
154
94
60
124
359
148
394
230
467
258
516
393
1,543
537
1,820
1,951
581
2,111
CANADIAN STATISTICS
Physical volume of business:
Combined index
1926=100..
Industrial production:
Combined index
do
Construction
do
Electric power
__do
Manufacturing
do
Forestry
._
do
Mining
do
Distribution:
Combined index
..do
Carloading
do
Exports (volume)
do
Imports (volume)
do
Trade employment
do
Agricultural marketings:
Combined index
do
Grain
do
Livestock
do
Commodity prices:
Cost of living
do
Wholesale prices
..do
Employment (first of month):
Combined index
.do
Construction and maintenance
do
Manufacturing
do
Mining
do
Service
do
Trade
do
Transportation
do
Finance:
Banking,:
Bank debits..
mills, of doL.
Interest rates
1926=100-Commercial failures
number..
Life insurance, new paid for ordinary
thous. of doL.
Security issues and prices:
New bond issues, total
do
Bond yields
percent -.
Common stock prices
1926=100..
Foreign trade:
Exports, total
thous. of dol..
Imports
do
Exports:
Wheat
thous. of bu_.
Wheat
flour
thous. of bbL.
Railways:
Carloading
thous. of cars_.
Financial results:
Operating revenues
thous. of doL.
O perating expenses
do
Operating income
do
Operating results:
Freight carried 1 mile
mills, of tons..
Passengers carried 1 mile.-.mills, of pass.Production:
Electrical energy, central stations:
mills, of kw.-hr..
Pigiron
thous. of longtons..
Steel ingots and castings
do
Wheat
flour
thous. of bbl._
112.1
106.2
105.2
104.9
103.3
108.8
109.7
110.3
110.0
113. 2
115.3
119.8
120.0
114.0
32.6
210.3
120.4
149.5
172.2
108.8
23.6
'203.4
112.5
118.9
160.8
107.0
95.3
'201.5
96.1
106.7
144.4
104.9
52.6
' 196.3
96.2
111.3
186.2
104.1
52.0
'210.4
98.7
114.4
158.2
109.2
26.8
'223.0
106.0
124.0
187.2
110.6
32.7
'210.3
110.3
119.0
170.9
111.6
44.7
'215.7
111.5
122.9
152.5
111.1
54.9
'215. 8
108.9
123.1
147.2
115.2
45.8
'212.0
113.0
123.9
174.3
117.6
55.4
'211.9
115.4
128.5
167.8
123.8
50.9
' 225. 7
' 122. 2
133.5
180.9
124.9
54.0
215.6
128.9
131.0
153.4
106.9
78.8
89.1
89.9
129.7
99.3
66.5
78.0
70.2
128.8
100.3
72.1
100.3
76.3
124.0
104.8
78.4
103.6
78.9
127.3
101.3
75.4
92.7
71.4
124.2
107.7
82.8
123.9
82.7
125.1
107.1
74.1
113.8
91.7
128.5
106.6
76.2
104.8
90.9
127.8
107.1
78.0
111.1
85.2
128.0
107.6
81.2
122.9
76.7
127.2
79.3
118.8
87.0
129.1
108.8
74.5
110.6
100.0
130.2
106.5
68.7
104.6
104.3
129.0
29.6
18.5
79.6
34.0
27.4
63.5
39.8
29.5
85.7
62.7
53.9
102.2
89.5
88.3
95.0
115.8
116.8
111.0
110.0
110.6
107.2
73.9
70.3
89.8
103.9
105.2
97.9
216.9
246.1
86.0
162.6
175.8
103.5
71.6
64.1
105.1
43.7
34.2
86.2
81.8
79.7
80.5
72.6
80.5
72.9
80.3
72.5
80.4
72.4
79.7
72.2
80.1
72.3
80.4
74.4
81.5
76.4
81.5
77.1
104.6
95.9
101.4
131.1
116.3
131.0
84.0
99.1
74.8
96.8
129.9
118.0
135.9
77.9
98.4
74.4
98.5
129.4
116.4
121.6
78.2
98.9
78.2
99.5
129.1
117.5
123.1
78.9
97.4
71.8
101.1
128.2
118.5
121.0
78.5
80.0
71.8
99.5
79.4
102.7
127.4
120.4
123.3
82.8
102. 0
87.0
103.4
132.1
123.0
127.1
85.4
104.6
97.4
104.7
134.1
131.7
127.3
87.1
105.6
102.9
104.9
137.9
135.8
126.3
88.7
107.1
109.0
105. 9
140.2
137. 5
126.3
89.4
110.1
103.9
109.0
147.9
127.4
129.6
88.3
81.7
77.2
111.0
99.6
107.7
151.8
124.9
132.0
87.1
3, 405
2,932
82.7
112
2,992
85.5
104
2,767
80.6
131
2,599
77.3
103
2, 774
78.5
100
2,979
76.6
91
3,136
73.3
100
2,894
72.0
104
2,619
71.2
87
3,134
69.9
3,328
72.2
3,303
71.8
36,904
25,011
26, 966
30, 092
37, 813
' 26, 791 177.870
3.41
3.35
114.7
119.5
124, 665
3.46
126.9
' 51, 018
3.44
131.8
122, 866
66,169
81.0 1
36, 550
34, 221
30, 240
31, 664
30,147
28, 977
32, 277
32, 573
94, 279 121, 372
3.96
3.34
107.4
129.2
133, 384
4.10
112.9
138,853
3.86
120.7
123,332
3.70
117.4
103,186
3.76
115.9
-•47,826
3.67
112.8
190,179
3.51
113.8
70,692
3.45
114.3
99, 407
52,996
79, 245
38, 569
64, 744
40, 590
62, 798
41, 597
74, 582
52,681
57, 964
42, 217
84, 515
59,121
79,942
57, 598
84,968
53, 821
93, 530
50, 258
89, 582 113, 003
52, 983 65,159
20, 428
475
17,044
444
7,557
314
14, 241
340
13,146
477
6,752
281
27, 317
449
25, 764
430
25, 913
445
21,157
388
20, 720
378
26, 917
464
33, 309
409
263
220
174
173
180
192
193
190
201
203
222
251
26, 656
21,333
4,289
22, 234
21,440
<*205
22, 597
21,187
339
25, 535
22,465
1,914
26, 050
22, 320
2,586
27, 022
23,789
1,953
26, 049
24,049
S32
27, 301
25, 335
890
28,637
26,026
1,615
33,103
25, 574
6,609
33,840
24, 700
8 255
1,934
140
1,763
117
1,814
117
2,056
126
2,081
125
1,990
128
1,775
148
1,941
195
2,364
183
3,055
165
2,721
127
2,157
71
99
957
2,091
61
100
982
1,938
56
94
1,019
2,135
54
101
1,172
2,164
54
107
1,009
2,083
59
95
1,196
2,029
56
82
1,149
2,021
35
69
1,301
2,020
39
80
1,363
2,042
52
2,380
70
2,261
74
QO
QQ
2,325
68
104
* Deficit.
Revised.
1,516
1,701
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
52
Acceptances
31, 32
Accessories—automobile
55
Advertising
25, 26
Africa, United States trade with
37
Agricultural products, cash income received
from marketings of..
_.
23
Agricultural wages, loans
.
31,32
Air-conditioning equipment
49
Air mail
-_
-_
26
Airplanes
- - . 38, 55
Alcohol, denatured, ethyl, methanol
39
Aluminum
50
Animal fats, greases.-39
Anthracite industry
22, 29, 45
Apparel, wearing
_ 23, 28, 30, 53
Argentina, United States trade with; exchange; flaxseed stock
33, 37, 40
Asia, United States trade with
37
Asphalt...
_._
46
Automobiles..
_._
22, 26, 28, 30, 55
Babbitt metal
__
50
Barley
42
Bathroom accessories
53
Beef and veal
43
Beverages, fermented malt liquors and distilled spirits
41
Bituminous coal
22, 29,45
Boilers and boiler
fittings
49
Bonds, prices, sales, value, yields
35,36
Book, publication
.
52
Boxes, paper, shipping
52
Brass
51
Brazil, coffee; exchange; United States trade
with
33,37,44
Brick
53
Brokers' loans
-_
32
Bronze
51
Building contracts awarded
24
Building costs
25
Building materials
24, 47
Business activity index (Annalist)
22
Business failures
32, 33
Butter
41
Canadian statistics
56
Candy
44
Canal traffic
38
Capital issues
35
Carloadings
22,38
Cattle and calves
43
Cellulose plastic products
„
40
Cement
22,28,30,53
Chain-store sales
26, 27
Cheese
41
Chile, exchange; United States trade with.. 33,37
Cigars and cigarettes
44
Civil-service employees
29
Clav products
28, 30, 53
Clothing
_
23,24,28,30,53
Coal
- _ - 22, 29,45
Cocoa
44
Coffee.
_ - 23, 24,44
Coke
—. .
45
Collections, department stores
27
Commercial paper
__
_ 31,32
Communications
38
Construction:
Contracts awarded, indexes
24
Costs
-25
Highways
25
Wage rates
31
Copper
_
50
Copra and coconut oil
40
Corn
_
42
Cost-of-living index
23
Cotton, raw and manufactures
23, 24, 53, 54
Cottonseed, cake and meal, oil
40
Crops
23,40,42,43, 53
Dairy products
23, 24,41,42
Debits, bank
32
Debt, United States Government
__
34
Delaware, employment, pay rolls
29,30
Department-store sales and stocks
27
Deposits, bank__
_
__
32
Disputes, labor
__
_
29
Dividend payments
36
Douglas
fir
47
Earnings, factory
30, 31
Eggs
._
_
23,44
Electrical equipment
50
Electric power, production, sales, revenues.. 22, 41
Electric railways
37
Employment:
Cities and States
29
Factory.
.
__
27,28, 29
Non manufacturing
29
Miscellaneous
29
Emigration
38
Enameled ware
48
Engineering construction
25
England, exchange; United States trade
with
_
33,37
Exchange rates, foreign
33
Expenditures, United States Government...
34
Explosives
39
Exports
37
Factory employment, pay rolls
27, 28, 29. 30. 31
Failures, commercial
32, 33
Fairchild's retail price index
23
Page
Fares, street railways
37
Farm employees
29
Farm prices, index
23
Federal Government, finances. _
34
Federal-aid highways..
25, 29
Federal Reserve banks, condition of
32
Federal Reserve reporting member bank
statistics. _
32
Fertilizers
39
Fire-extinguishing equipment
55
Fire losses
_
__
25
Fish oils and fish
_
39,44
Flaxseed
_
40
Flooring, oak, maple, beech, and birch
47
Flour, wheat
43
Food products
22-24, 28,30,41
Footwear
__
46, 52
Foreclosures, real estate
25
Foreign trade, indexes, values
37
Foundry equipment
49
France, exchange; United States trade with. 33, 37
Freight cars (equipment)
55
Freight carloadings, cars, indexes
38
Freight-car surplus
>
38
Fruits
23, 42
Fuel equipment
49
Fuels
.
45,46
Furniture
47
Gas, customers, sales, revenues
41
Gas and fuel oils
45
Gasoline
45
Gelatin, edible
44
General Motors sales
55
Glass and glassware
22, 28, 30, 53
Gloves and mittens
46
Gold
...
33
Goods in warehouses
26
Grains
23, 24,42,43
Gypsum
„
53
Hides and skins
24, 46
Hogs
43
Home loan banks, loans outstanding
25
Home Owners' Loan Corporation
25
Hosiery
51
Hotels
29,31,38
Housing
23
Illinois, employees, factory earnings
29, 30, 31
Imports
37
Income-tax receipts
.
34
Incorporations, business
26
Industrial production, indexes
22
Installment sales. New England
27
Insurance, life
33
Interest payments
36
Interest rates
32
Investments Federal Reserve reporting member banks
_
32
Iron, ore; crude; manufactures
22, 48
Italy, exchange; United States trade wirh__ 33,37
Japan, exchange; United States trade with__ 33, 37
Kerosene
46
Labor turn-over, disputes
29
Lamb and mutton
43
Lard
43
Lead
22,50
Leather
22, 24, 28, 30, 46
Leather, artificial
54
Liberty bonds
35
Linseed oil, cake, and meal
40
Livestock
23, 24, 43
Loans, agricultural, brokers', time, real
estate
31,32
Locomotives
55
Looms, woolen, activity
54
Lubricants
46
Lumber
22, 24, 27, 28,47
Lumber yard, sales, stocks
47
Machine activity, cotton, silk, wool
54
Machine tools, orders
49
Machinery
. _ 27,28,30,49,50
Magazine advertising
25, 26
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
29, 30
Massachusetts, employment, pay rolls
29, 30
Meats
43
Metals
22-24, 27-30
Methanol.
_
39
Mexico:
Silver production
34
United States trade with
37
Milk
_
42
Minerals...
.
22, 45, 50
Money in circulation
33
Naval stores
_
39
Netherlands, exchange
33
New Jersey, employment, pay rolls
29, 30
Newsprint
52
New York, employment, pay rolls, canal
traffic
29,30,38
New York Stock Exchange
35, 36
Notes in circulation
32
Oats
42
Oceania, United States trade with...
37
Ohio, employment
_.
29
Ohio River traffic
38
Oils and fats
39
Oleomargarine.40
Paints
_
_
.
41
Pago
Paper and pulp
23, 24, 28,30, SI, 52
Passenger-car sales index
.........
26
Passengers, street railways; P u l l m a n . . . . . . . 37,38
Passports issued
.........
38
Pay rolls:
Factory
.„
$0
Factory, by cities and States
-.*..,....
30
Nonmanufacturing industries
. . . . . . . . . . 30,31
Pennsylvania, employment, pay rolls.. . . .
30
Petroleum and products. . . 22, 24, 28, 29* 30, 45,46
Pig iron
_
_
_
22,48
Pork
__
_
.
43
Postal business...
.........
26
Postal savings
.........
32
Poultry
23,24,44
Prices:
Cost of living, indexes
.........
23
Farm indexes
.........
23
Retail indexes
23
Wholesale indexes
. . . . . 23, 24
World, foodstuffs and raw material.—...
24
Printing
.
28,30,52
Production, industrial
.......«,
22
Profits, corporation
.........
34
Public
finance
_
34
Public utilities
24, 29, 30, 36
Pullman Co.
—
...
38
Pumps
.........
49
Purchasing power of the dollar
......
24
Radiators
. .
48
Radio, advertising
. . . .
"26
Railways; operations, equipment, financial
statistics
38,55,56
Railways, street
.
„..
37
Ranges, electric
_
..
SO
Rayon
. . . .
54
Reconstruction Finance Corporation, loans
outstanding
34
Refrigerators, electric, household
50
Registrations, automobiles
........
55
Rents (housing), index
. . . .
23
Retail trade:
Automobiles, new, passenger
.
..
26
Chain stores:
5-and-10 (variety)..
26
Grocery
26
Department stores
........
27
Mail order
. . . .
27
Rural general merchandise
.
27
Roofing
.........
40
Rice
42
Rubber, crude; scrap; clothing; footwear;
tires
22,24,28,30,52
Rye
43
Sanitary ware
48
Savings deposits
...
. . .
32
Sheep and lambs.........
43
Shipbuilding
.
22,28,30,56
Shoes.
22,24,28,30,46
Silk
22,23,24,54
Silver
22,34
Skins
.
...
46
Softwoods.
.
47
Spain, exchange
...
33
Spindle activity, cotton
$4
Steel, crude; manufactures
.
22, 48, 49
Stockholders-_
36
Stock indexes, domestic and world...
..
23
Stocks, department stores
.. . . .
27
Stocks (see individual commodities).
Stocks, issues, prices, sales
.
...
36
Stone, clay, and glass products
22, 28, 30, 53
Sugar
_
23,24,44
Sulphur
_
39
Sulphuric acid
39
Superphosphate
.........
39
Tea
_
23,24,44
Telephones and telegraphs
.........
38
Terneplate
50
Terra cotta
.
53
Textiles, miscellaneous products
..
. . .
54
Tile, hollow building
53
Timber
.......
47
Tin and terneplate
23,24,5(3
Tires
22,24,28,30,52
Tobacco
22,26,28,30,44
Tools, machine
. .......
49
Trade unions, employment
.......
29
Travel
_
38
Trucks and tractors, industrial electric. . . . .
56
United Kingdom, exchange; United States
trade with.
. 33,37
Uruguay, exchange
.«;..«...
33
United States Steel Corporation
31,36,49
Utilities
_- 29,30,34,35,36,41,55
Vacuum cleaners
.
. . . . .
50
Variety-store sales index
....* .
26
Vegetable oils
_
39,40
Vegetables
23,42
Wages
31
Warehouses, space occupied
...
26
Waterway traffic
.
.
..
38
Wheat and wheat
flour
23, 24,43
Wholesale prices
_.*
23, 24.
Wire cloth
_
51
Wisconsin, employment, pay rolls
. . . 29, 30, 31
Wood pulp
_
_
. . .
St
Wool—
22,54
Zinc
22. 50
Statistical Abstract of
the United States, 1936
2
58th Annual Edition . . . Assembles in one com-
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pact volume data on practically every phase of the
social, economic, and industrial life of the Nation.
Numerous tables presenting statistics from the earliest
available date are particularly valuable In the study
of long-time trends.
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Area, Population, Vital Statistics
Immigration and Emigration
Education
Public Lands
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II
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Army, Navy, Civil Service, Veterans' Benefits
Finance—Government and Business
Money and Banking
National Wealth and Income
Prices
Wages and Employment
Electric and Other Power
Transportation and Communication Services
Foreign and Domestic Commerce
Agriculture
Forests and Forest Products
Fisheries
Mining and Mineral Products
Manufactures
Wholesale and Retail Trade and Service
Industries
21 Construction
$J B 50 per copy
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Buckram bound . . 840 pages . . 837 tables
•^
For sale by Superintendent of Documents, Government Printing Office, Washington, D. C ,
or any District O££ice of the Bureau of Foreign and Domestic Commerce.
@FedFRASER