View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

JANUARY 1936

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
V O L U M E 16

NUMBER

!




p

charts on pages 4 and 5 portray the trend of
commodity prices from 1929 to date. The better
balanced price structure at the end of 1935 as compared with that of 3 years earlier is clearly indicated.
A discussion of recent trends with particular emphasis
on the relationship of the various price groups is discussed in the special article on the pages noted above.

UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
N. H. ENGLE, Acting Director

SURVEY OF
CURRENT BUSINESS
Prepared in the

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

Volume 16

Number 1

JANUARY 1936

CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1931-35
Domestic trade
Employment
Finance
Foreign trade
Transportation
Survey of individual industries:
Automobiles and rubber
Iron and steel
Textile industries

STATISTICAL DATA—Continued

,,

,

,

Page
2
3
6
7
8
9
10
11
,

12
13
14

SPECIAL ARTICLE
Commodity prices, 1930-35

4

STATISTICAL DATA
Weekly business indicators, 1934 and 1935
15, 16
Revised series: Indexes of employment and payrolls in t h e a l u m i n u m
manufacturing and stamped and enameled ware industries, in t h e
rubber, nonferrous, durable, nondurable and all manufacturing
groups, unadjusted. Indexes of employment in t h e stamped and
enameled ware industry and in t h e rubber, nonferrous, and all
manufacturing groups, adjusted
16
Weekly business statistics through December 28
17

Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
General index

Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, 33, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C.
38031—36


Page
18
19
20
21
23
27
30
33
34
37
37
41
43
44
45
47
48
49
51
52
53
54
56
Inside back cover

SURVEY OF CURRENT BUSINESS

January 1936

Business Indicators
1923-25=100

100

INDUSTRIAL PRODUCTION

INDUSTRIAL PRODUCTION

180

^^TOTAL

160

100

(AdjustedjyK

I

40

I III I I Mill

40

CONSTRUCTION 1 CONTRACTS AWARDED

200

100

EMPLOYMENT

1OO

(Adjusted

MANUFACTURES
/(Adjusted) 9

i in 1111 it 11111111 I I 1111111 n

FACTORY EMPLOYMENT AND PAYROLLS

160

MINERALS (Adjusted)*

*prJ£Vnadjusted

Adjusted

1 M M II1111 l l 1 I I I M M II

ITHMI 1 n
1

" ^
40

0

mill.mi

I I M l ! 1 II 1 1

-PAYROLLS (Unadjusted)

TOTAL FREIGHT CAR LOADINGS

100

100
o^op+^lJnadjusted

Adjusted

40

DEPARTMENT STORE SALES

_J

Unadjusted

J

^

Unadjusted-^

Adjusted
4 0 11111111IIi i II1111

I M l I ! I I! I I

y, *^£

^

9

J

A
V

III

mill urn

I I I I I I I I I I I

i

Illlllll 1

WHOLESALE PRICES

160

200

100

FREIGHT CAR LOADINGS L. C L.

160

160

100
ALL COMMODITIES

\>

Adjusted^

o

11M 1111 ll I 1 1 1 1 1 1 iII111111 I I II II .I.MM 1 1 1 l l f l l l
11111
l

40 IHIMI

FARM PRODUCTS

VALUE OF IMPORTS

VALUE OF EXPORTS

200

200

1OO

1OO
Adjusted
^—
I
I
I M I I ! I I I M 111111111; i

0
200

100

-

MMllllMl

BANK DEBITS OUTSIDE NEW YORK CITY

\

v—^

V,

—Kf]
Unodjustec

I
1931 1932 1933 1934 1935

0 M M I 11 I I MI I

1
I M I I I I I I1 M 1 1 l l I I I I 11 1 1 1 1 1 1 1 1


http://fraser.stlouisfed.org/ ADJUSTED FOR SEASONAL
Federal Reserve Bank of St. Louis

VARIATION

Adjusted

f

^

s^

0 M I I 1111111

I 11 i 1111111

1
1 II 1 1 II 1 11111 Ii i in 1 I I i Ii II 11
1
1
1

FEDERAL RESERVE MEMBER BANK LOANS*
160

1OO

YTOTAL
[Commercial)

40

I 1111

I
I

11111

1931 1932 1933

* REPORTING MEMBER BANKS

I

1 1 II 1 1 1 1 ! 1 1

1934 1935
D.D. 83 3Z

3

SURVEY OF CURRENT BUSINESS

January 1936

Business Situation Summarized
during December has
INDUSTRIAL productionseasonally high level basis
been maintained at a relatively
after
expanding steadily on a
adjusted
from July to November. While the customary yearend slackening has occurred in some industries, automobile production has remained steady and steel mill
activity has continued close to the year's peak reached
in November. For the year 1935, industrial production was about 14 percent higher than in 1934 and the
largest since 1930. Expansion in the durable goods
industries was a major factor in this increase, although
production in these industries remained lower than
that of the nondurable goods industries, relative to the
predepression period.
Retail sales reports indicate that the volume of
sales during the Christmas shopping period was considerably above that of 1934. For the full year, the
value of retail sales was well above the 1934 total, with
articles in the luxury or semiluxury classification
assuming more importance in relation to the total
volume. Some indication of the comparative improvement in rural and urban areas is evidenced by the 19
percent gain in the index of rural sales of general merchandise, and the 5 percent increase in the department
store sales index during the first 11 months of the year.
These retail sales increases reflect the gradual
broadening of the recovery movement as indicated by

the continued expansion in the national income distributed during 1935. While data are not yet available to measure this increase, preliminary estimates
suggest that the total national income distributed will
exceed the 1934 figure of $50,200,000,000 by more
than 5 percent, and possibly by as much as 10 percent.
An outstanding development of the year was the
initiation of a revival in the construction industry.
Privately financed contracts awarded, as reported by
the F. W. Dodge Corporation, were 44 percent higher
in the first 11 months of 1935 than in the corresponding period of the preceding year. The gain in
residential construction accounted for an important
part of the increase. While the volume of publicly
financed contracts expanded considerably during the
final quarter of 1935, total awards for such projects
for the year were below the 1934 aggregate.
Foreign trade returns for November revealed a
sharp expansion in exports, mainly as a result of the
large volume of agricultural products shipped abroad
For the year the relative increase in imports was considerably in excess of the export gain.
The expansion in industrial activity during 1935
was accompanied by a further rise in profits of leading
corporations. This was one of the considerations
influencing the rise in stock prices, although many
others undoubtedly contributed.

MONTHLY BUSINESS INDEXES
Factory employment
and pay rolls

Industrial production
Unadjusted '

Adjusted *

Freight-car loadings
Total

II

Merchandise, 1. c. 1.

SI

Year and month

Department
Foreign
store sales, trade, value,
value
adjusted >

I

IB

I

I
I
Monthly
average,
1926=100

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

108
84
72
65
74

107
82
70
63
70

114
96
117
78
85

110
86
73
65
72

110
85
71
63
70

110
92
81
75
86

103.6
84.7
71.6
63.2
76.0

104.1
76.8
58.1
42.9
55.5

102
86
70
58
60

102
84
68
57
59

106
94
85
70
67

104
92
83
68
66

125
113
97
73
75

108
99
85
63
66

101
66
44
32
42

105
63
46
32
40

144.4
99.8
74.0
55.4
60.5

93.5
81.3
70.2
63.9
71.1

74
78

73
76

84
85

75
86

74
85

81
90

76.8
79.0

59.5
63.2

60
56

59
64

65
62

64
66

83
135

74
78

45
42

47
41

68.0
79.6

76.6
76.9

88
91
91
89
87
86
83
87
90
97
97

87
91
91
91
87
84
83
87
89
96
97

91
92
90
79
88
97
84
85
92
100
95

91
89
88
86
85
86
86
87
90
95
97

90
88
86
86
84
84
86
88
91
95
98

94
96
97
87
89
98
84
81
87
93
92

80.6
82.0
82.6
82.4
81.3
80.0
80.4
81.7
81.9
83.6
84.7

64.2
69.1
70.7
70.8
68.5
66.4
65.3
69.6
72.1
75.0
74.5

58
61
62
59
61
63
60
64
70
73
67

64
65
65
61
61
63
58
60
62
64
66

61
63
65
65
65
64
63
64
67
67
66

65
65
64
63
63
64
64
64
65
64
64

59
61
71
79
76
76
55
61
86
86
91

74
75
82
73
76
80
80
78
81
77
80

45
47
48
46
46
50
52
49
50
48
62

51
48
49
49
52
51
60
54
53
58
52

76.4
66.8
80.3
79.8
79.4
80.7
84.4
79.3
76.7
86.0
85.2

78.8
79.5
79.4
80.1
80.2
79.8
79.4
80.5
80.7
80.3
80.6

77
80
90

76
78
89

82
86
90

3 68.5
3
78.9
3
81.9

47.9
61.8
69.7

58
62
63

3 37
3 47
3 49

3 37
3
43
3 52


http://fraser.stlouisfed.org/
1 Adjusted for number of working days.
Federal Reserve Bank of St. Louis

67
66
65

a Adjusted for seasonal variation.

62
69
73
2

60.2
69.3 1
79.5

Average of unadjusted indexe

3 24
3 32
3 35

65.5
74.8
80.0

SURVEY OF CURRENT BUSINESS

January 1936

Commodity Prices 1930=35
By Roy G. Blakey, Chief, Division of Economic Research

T

HE charts accompanying this article portray the
trends of prices of important groups of commodities not only for the year 1935, but also for the 6 years
since the beginning of the great collapse in 1929.
These charts tell their own stories. In order to show
most clearly the extent and also the disparities of the
movements of the several groups, as compared with
the levels attained in the peak year of business activity,
all price indexes shown in these charts have been converted to 1929 bases. The general conclusions of this
article, however, are not conditioned upon the used of
this base since indexes based on 1926, 1913, or almost
any other year would serve equally as well. It is not
to be inferred by this use of 1929 that price relationships in that year were ideal.

of the country is the recent advance of farm prices
toward "parity" with other prices.
Chart 1 reveals very clearly how much more wholesale prices of farm products fell until February 1933
than did wholesale prices of other commodity groups
and also how much faster they have advanced since
that date. It will be observed that trend lines for
food prices and for "all commodities other than farm
products and foods" have almost coincided with the
trend line of the "combined index" throughout most
of 1935; that is, there appears to have been practical
price parity between these groups during most of the
year just closed (on the 1929 base). While price indexes of farm products have not yet reached this
parity (coincidence with the other indexes), neverthe-

•INDEX NUMBER5(M0NTHLY AVERAGE 1929=100)
120

ill

COMMOD/T/ES OTHER THAN FARM PRODUCT5 AND FOODS

--../

y
i

i it

i

l

i, i i

1930

i i

I ' ». ' ' '

1931

l

l

I i I

i

i

i

i

i

1932

>

1933

'

i

1934

'

' I

_L

1935

J

Chart 1.—Trend of wholesale prices combined index and indexes of farm products, foods, and other commodities. Indexes were recomputed from
the Department of Labor Index.

It will be noted that all of these indexes reached
their lowest points early in 1933, except the one representing semimanufactured articles, which reached its
record low in July 1932. All made rapid recoveries
about the middle of 1933, except the lagging housing
cost index. Most of the indexes have since continued
to advance gradually up to the present time, though
a few exceptions may be mentioned. The index of
"all commodities other than farm products and foods"
has maintained an almost constant level near 85 ever
since the latter part of 1933 and the index of semimanufactured articles has moved in approximately
the same manner. The index of clothing, after making
a very sharp recovery in the third quarter of 1933,
showed no important change through November 1935.
Generally speaking, the groups which declined the
most in the first 3 years of the depression are also the
ones that have shown the greatest recoveries. Most
outstanding and most important for the prosperity


less, the index of this group has advanced more than
that of any other shown.
There has been so much misunderstanding of prices
and price terms, particularly of the term " price
parity", that it may be desirable to indicate its connotations and implications somewhat more fully than
has been done above. If asked what is meant by
"parity" prices, perhaps the farmer or his representative would say, "fair" prices, the farmer should get
prices that are fair to him when compared with the
prices that he pays or the prices that others get from
the fruits of their toil. No one likes to see prices of
his products go down but, if other prices go down in
like measure, his products will still exchange for the
same quantity of what he needs as formerly, so he
still has parity of prices, though he would not object
perhaps to having something more than parity.
To make the real significance of this matter quite
clear, however, it is necessary to recall some very fundamental facts and principles. One of these funda-

SURVEY OF CURRENT BUSINESS

January 1936

mental facts is that economic goods and services have
never been adequate to meet all human needs. This
is still true despite many assertions to the contrary
and also regardless of the relative importance of problems of distribution. Another fact is that flexible or
unrestricted prices in a really competitive economic
INOE \ NUMBERS) MONT HLY AVERAGE I9?9= 00)

F/N/SHED
PRODUCTS
80

7~

SEMIMANUFACTURED
ARTICLES

RAW
MATERIALS
<
0

I

i

1930

1931

, , , ,

i , , , , .

!

,

,

.

i

1933

1932

,,,,,

1 ,,,,,,

1935

1934

J

Chart 2.—Wholesale prices of raw materials, semimanufactured articles
and finished products. Indexes were recomputed from the Department
of Labor Indexes

regime of private enterprise tend to maximize production and hence the means of meeting human needs.
Labor and capital producing things having scant demand (those commanding "low" prices) tend to be
shifted to the production of things in greater demand
(those commanding "high" prices). It is true that
we do not have unrestricted competition, but there
is still enough left to give point to the statements
just made.

social income. Such prices would, however, tend to
distribute payments for services (incomes) in proportion to the market value of the output of each producer and not necessarily in proportion to needs.
"Parity" of prices usually means, therefore, the
particular relations between prices which the definer of the term thinks will bring the best results.
But no single period is most favorable to all producers
or to all consumers. Those whose industries or
activities were in a bad way in 1909-14 may want
parities based on prices of 1926, or 1923-25, or some
other period. If anyone were thoroughly socially
minded—that is, without bias in favor of any special
interest—he would, of course, choose his base period
and criteria accordingly. But in a dynamic society
parities will not stay put. Tastes change, costs
change, standards of living change; for example, price
relationships of 50 years ago were not affected by
automobiles or radios. Hence, a system of price relationships that is perfect at one time will never be
entirely perfect at any other time, except in a static
society.
However, when there have been violent changes in
price relationships between two points of time relatively close together, especially when these changes
have been caused by some such catastrophic event as

INDEX NUMBER5CMQNTHLYAVERAGE 1929-100)

20
~- Combined Indt 'X

IOQ
'—-

80

—

1

—^

C/o/h/'ng^

60
40
o

. i i i i 1 . i . .

!93O
SOURCE: .MWONAL MDUSTR//II

1931

1932

C0/yff/?£VCEBOAW0

1933

1934

1935

••

J

(D.D.&S33)

Chart 3.—Trend of indexes of the cost of living showing also the indexes of housing, food, and clothing. Indexes were recomputed on a 1929 base

Another fact is that the economies of modern specialization are necessary to maintain and improve existing
standards of living but such specialization requires
continuous exchange of products, which in turn requires flexible and relatively unrestricted prices.
Obviously, price restrictions tend to nullify potential
economies.
In other words, there must be "parity" or proper
relations between prices if exchanges are to be continuous, if labor and capital are to be kept employed,
if the modern economic organization is to function
smoothly and produce a maximum of national or



a world war, it is relatively easy and probably accurate
to say that, as prices approach their former "normal"
relationships, they are approaching "parities." In
other words, price relationships between farm products
and other things have improved much since February
1933; they are now such as to promote greater farm
prosperity and also greater general prosperity. But,
speaking generally of all prices, farm and other, it
seems clear that "parity" is to be defined in terms of
what the definer deems desirable and it is never
exactly the same for any two persons, nor for the
same person at two different times.

SURVEY OF CURRENT BUSINESS

January 1936

Comparison of Principal Data, 1931-35




FIRST 11 MONTHS

X///////A

REMAINDER OF YEAR

BANK DEBITS OUTSIDE NEW YORK CITY — (BILLIONS OF DOLLARS)

CONSTRUCTION CONTRACTS AWARDED — (BILLIONS OF DOLLARS)

STEEL INGOT PRODUCTION

(MILLIONS OF TONS)

AUTOMOBILE PRODUCTION — (THOUSANDS OF CARS)

FREIGHT CAR LOADINGS — (MILLIONS OF CARS)

O.O. 8333

SURVEY OF CURRENT BUSINESS

January 1936

Domestic Trade
percentage basis. Many lines of business have enjoyed the best results since 1930, but the value of all
retail sales probably fell short of the estimated total
in 1931, when prices were somewhat higher. The increases in the value of retail sales in 1935 were generally
indicative of increases in volume since retail prices,
excepting those for food, did not vary in any important
degree from the 1934 average. Food prices advanced
materially and were responsible for the 4-percent increase in the index of the value of sales of chain
grocery stores.
Sales of general merchandise in urban areas did not
improve as rapidly as did rural sales in 1935, nor has
the improvement in such sales since 1932 been so
great. The increase in department store sales for the
year was about 6 percent, but in November the relative
gain was 10 percent. The San Francisco district
reported the largest relative increase during the first
11 months of the year—11 percent—while the gains
in the areas largely dependent upon agricultural
income were larger than those in the predominately
industrial areas. The stores in the Boston district
reported sales equal to the 1934 figures, while the
increase for the New York district stores was 1 percent,
and for the Philadelphia district 3 percent. In
November, the increases over a year ago ranged from
15 percent in San Francisco to 4 percent in St. Louis,
with 7 of the 12 districts reporting increases of 11 percent or more.

trade picked
the latter
RETAILfurther gains inup sharply duringagot under
- part of November as holiday shopping
way, and
comparison with year ago
are indicated by reports covering the first 3 weeks of
December. Spot surveys by several organizations
have indicated that the holiday business was substantially in excess of that in 1934 and exceeded
that for every year since 1930.
Merchants reported a good demand for higher-priced
merchandise. This is indicative of the improvement
in consumer purchasing power this year as well as the
tendency for expenditures to spread to articles of a
luxury or a semiluxury nature as recovery progresses.
An analysis of the reports on the sales of individual
groups of merchandise shows relatively large gains in
sales of automobiles, electrical appliances, house
furnishings, furs, and jewelry.
The expansion of retail business in December represents a continuation of the gradual increase throughout
1935. This improvement is based on the further
expansion in consumer incomes resulting from more
wide-spread employment and the growth in agricultural income. The heavy expenditures for relief by
the Government have continued to be an important influence on the volume of sales.
All of the available indexes of retail sales show
increases in 1935 over the preceding year. The
aggregate value of all retail sales in 1935 will be well
above the total for 1934, although sufficient data are
not yet available to indicate the probable increase on a

DOMESTIC TRADE STATISTICS
Wholesale
trade

Retail trade
Chain-store sales

Department stores
Sales

Stocks >

Unad- Adjust- Justed»

Year and month

Unad- Adjust- justed^
ed «

Monthly average, 1923-25=100
1929: November
1930: November
1931: November
1932: November
1933: November
1934:
November.
December
1935:
January
February
March
April
May

June
July

August.

102
92
79
61

125
113
97
73
75

108
99
85
64
66

._

83
135

74
78

_.

59
61
71
79
76
76
55
61
86
86
91

74
75
82
73
76
80
80
78
81
77
80

64
64
63
64
64
63
61
62
64
66
67

Rural sales
New passenGeneral mer- ger car sales
Com- Variety stores
chandise
bined
index
AdAdAd(18 com- Unad- just- Unad- just- Unad- justjustjustpanies) * justed^
ed a
ed i ! ed*
ed^
ed»

Employment

Pay
rolls

Unad- Adjust- justed!
ed >

Avg. same
mo. 192931=100

Monthly average, 1929=100

Monthly average, 1923-25100

Monthly average, 1929-31=100
109.5
98.4
91.8
80.6
85.5

153.4
107.3
83.3
73.5
105.1

92.9
163.9

91.5

67.2
75.8
78.1
92.9
86.0
86.1
82.0
79.3
87.7
93.4
95.1

90.2
90.8
93.0
90.6
86.0
90.7
92.1
89.6
91.8
92.0
93.7

111.2

65
64

September
October
November
Monthly average, January through
November:
1933
1934
1935

115
104
90

93.1
81.8

79

92

92
96
96
98
100
100
100

75.8
83.5
84.0

62
69
73


Corrected to daily average basis.


Freight-car
loadings, merchandise 1. c. 1.

i Adjusted for seasonal variation.

124.7
87.3
67.7
59.8
85.4

82.8
44.0
30.8
17.6
33.0

132.5
70.5
49.5
28.5
53.0

102.9
91.5
82.6
76.0
81.6

101.9
90.0
77.6
60.1
60.5

106
94
85
70
67

104
92

110.4
134.2

94.5

39.2
27.7

63.0
49.0

85.1
85.0

64.2
64.8

65
62

64
66

72.6
82.0
90.6
97.0
87.6
94.2
74.7
79.8
103.7
127.6
127.6

87.5
90.6
97.4
101.0
93.1
99.7
97.0
92.8
104.8
104.6
103.7

51.5
72.7
100.2
116.7
98.4
104.9
89.1
80.2
50.1
53.3
96.9

75.0
86.5
94.5
78.5
70.0
78.5
81.0
75.0
79.0
82.0
114.0

84.6
84.0
83.2
82.5
82.1
82.2
82.8
83.7
85.2
86.4

63.9
64.6
65.2
64.8
64.6
64.6
64.7
64.8
67.2
66.6
66.9

61
63
65
65
65
64
63
64
67
67
66

65
65
64
63
63
64
64
64
65
64
64

65.4
'.1
94.3
• End of month.

45. (
60.3

83.1

75.6
82.6
83.7

56.5
62.8

* See note on. p. 26 of the Nov. 1934 issue.

66

8

SURVEY OF CURRENT BUSINESS

January 1936

Employment
A EESULT of
increase in
aggregate
ASnumber of personsanemployed and the per capita
in
earnings, labor income recorded a substantial gain in
1935, continuing the upward trend of the 2 preceding
years. Slightly higher average wage rates, as well as
the increase in the hours worked per week resulted in
a gain in average weekly earnings. Improved employment opportunities were particularly evident in
the manufacturing industries producing durable and
semidurable goods and also in the construction industry. Gains in these and other industries during
the year led to a substantial decline in the number of
persons unemployed. However, at the end of the
year, the volume of unemployment was still so large
as to constitute a major problem.
In November, the seasonally adjusted index of
factory employment, which had moved upward in
each of the 4 preceding months, reached the highest
level recorded since November 1930. As shown in
the table below, the unadjusted index of factory employment averaged 81.9 for the first 11 months of
1935, a gain of 3.8 percent above the same period of
the preceding year, and 27 percent above the depression low of 1932. For these same two periods, factory pay rolls were higher by 13 percent and 50 percent, respectively.
The larger relative increases in the durable goods
industries during 1935, as compared with those of the
nondurable goods industries are indicated by the indexes of the Bureau of Labor Statistics. For the
first 11 months of the year they show an increase in

the durable goods industries of 7.6 percent in employment and of 19.5 percent in pay rolls. The increases
in the nondurable manufacturing industries were 1
percent and 7 percent, respectively.
Notwithstanding the improvement in 1935, employment in the durable goods industries remains below that for the nondurable goods group with reference to the 1923-25 base. The Bureau of Labor
Statistics data indicate that, for every 1,000 persons
employed in 1923-25 in the durable goods industries,
711 were employed in the first 11 months of 1935.
In the nondurable goods industries 936 persons were
employed for each 1,000 employed in 1923-25. The
extent of the gains that have occurred in some of the
leading durable goods industries in the past year is
indicated by the following percentage increases in
selected industries in November as compared with the
same month of 1934. Blast furnaces, steel works,
and rolling mills, 16 percent; plumbers' supplies, 53
percent; agricultural implements, 56 percent; electrical machinery and apparatus, 15 percent; and machine tools, 43 percent.
Employment in the nonmanufacturing industries in
1935 did not show uniform improvement as compared
with 1934. Employment in wholesale and retail trade
was practically unchanged on the average in the first
11 months of 1935 as compared with the same period
in 1934. In the building industry there was a substantial improvement, although employment in this
industry is still low in comparison with that of 1929
or other years of active building operations.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
1Vonmanufacturing

Factory employment
and pay rolls
Employment
Tear and
IllUIll'It

Pay
roll

Anthracite
mining

EmUnad- ployUnad- Adjusted justed* justed ment
Monthly average,

Pay
rolls

employment and pay rolls
(Department of Labor)
Electric light
Bituminous
and power
Telephone
coal mining and manu- and telegraph
factured gas
EmEmEmploy- Pay
ploy- Pay ploy- Pay
ment rolls ment rolls ment rolls

NovemberMonthly average, January
through November:
1933
1934

1935



Percent
of total
members

Monthly average, 1929= 100

1923-25=100

1929: November.
1930: November.
L931: November.
1932: November.
1933: November.
1934:
November. _
December. __
L935:
January
February. __
March
April May
June
July
August.
September. .
October

Wages

TradeRetail trade Union
Factory»
members emEm- Pay
ployed Average Average
ploy- roUs
weekly hourly
ment
earnings earnings

Common
i k .
laoor
a

n

rates>
Cents
per
hour

Dollars

103.6
84.6
71.8
63.4
76.3

103.6
84.7
71.6
63.2
76.0

104.1
76.8
58.1
42.9
55.5

104.0
97.2
83.5
62.7
61.0

100.5
98.0
79.5
51.0
47.8

101.0
92.5
81.1
69.4
74.8

106.0
79.1
54.6
38.0
50.7

104.7
103.4
91.3
79.1
82.6

104.1
103.7
93. 3
73.2
74.5

101.9
93.0
83.5
75. 5
68.9

101.2
97.9
89.7
74.3
67.7

104.2
96.8
84.8
75.4
83.9

103.3
92.4
78.3
58.6
61.4

88
78
73
68
72

27.48
23.92
20.34
16.91
18.44

.591
.582
.541
.469
.546

40
38
34
32
38

76.9
78.1

76.8
79.0

59.5
63.2

60.7
61.6

51.2
52.3

79.8
79.7

58.3
57.0

85.5
83.6

79.6
78.3

69.9
69.7

72.2
73.2

83.7
91.1

61.9
o6.2

75
73

20.12
20.74

.594
.594

41
40

78.8
81.3
82.5
82.5
81.2
79.7
79.6
81.8
83.5
85.2
84.8

80.6
82.0
82.6
82.4
81.3
80 0
80.4
81.7
81.9
83. 6
84.7

64.2
69.1
70.7
70.8
68.5
66.4
65.3
69.6
72 1
75! 0
74.5

62.9
64.4
51.4
52.6
53.5
56. 8
49.4
38.7
46.0
58.8
46.6

57.5
64.3
38.9
49.9
49.5
66. 0
37.5
28.3
38.2
55.9
28.4

80.0
81.1
81.6
74.3
75.3
77.9
69.9
73.4
77.0
74.3
76.2

59.6
66.1
67.5
45.0
49.1
64. 7
35.6
45.8
60.4
69.8
65.4

82.7
82.2
82.2
82.6
83.2
83.8
84.7
85.7
85.8
87.3
87.6

78.0
78.3
79.4
79.0
79.8
79.8
81.5
81.5
S3 1
84.4
83.1

70.5
70.0
69.8
69.7
70.0
70. 2
70.3
70.5
70.4
70.0
69. S

73.9
72.9
75.3
73. 1
73.7
74.4
75.7
75.5
74.2
75.3
74.9

79.5
79.2
80.2
83.6
82.2
82. 1
79.0
77.7
81.6
83.8
84.3

59.7
59.3
60.4
62.5
62.0
62.4
60.4
59.2
62 5
63.' 2
63.4

74
76
78
79
79
77
73
76
80
80
80

21.61
22.09
21.86
21.93
21.76
21.46
21.75
22.32
22.58
23.12
23.32

.594
.595
.597
.598
.599
.599
.598
.601
.601
.602
.604

39
39
39
40
41
42
42
42
42
42
42

68.5
47.9
51.5
45.9
59.4
61.8
56.3
78.9
81.9
69.7
52.8
46.8
»Adjusted for seasonal variation.

67.2
77.0
76.5

36.6
78.5
71.7
70.5
70.4
53.9
83.8
77.9
84.3
80.7
70.1
57.2
a National Industrial Conference

68.2
71.3
74.4

74.9
81.2
81.2

54.4
60.4
61.1

69
74

17.63
20.07
22.16
«Road building.

.485
.580
.599

34
41
41

Board.

SURVEY OF CURRENT BUSINESS

January 1936

Finance

T

HE continued heavy inflow of gold from abroad
carried the country's monetary gold stocks to a
new high of $10,103,000,000 on December 18. During
November gold imports aggregated $211,000,000,
somewhat less than in October, and they have continued in substantial volume during December. The
latest inward movement of gold was an important
factor in lifting reserves of member banks in excess of
legal requirements to a new high level of $3,310,000,000
on December 11. The excess reserves were cut to
$2,710,000,000 on December 18 mainly as a result of
the December financing of the Treasury.
The inflow of funds from abroad has influenced
security-market activity and has also increased the
demand deposits reported by the member banks.
These deposits, amounting to $14,092,000,000 as of
December 11 for the banks which report weekly, were
nearly $2,500,000,000 in excess of the figure of a year
ago. The revised form of the weekly member-bank
statement, which now segregates interbank deposits
and foreign bank deposits with New York correspondents, reflects a steady accumulation of idle funds in the
New York money market.
Member-bank loans on securities have shown a slight
upward trend during recent weeks. Except in the
case of loans by New York banks, security loans by
member institutions continue to show a net reduction
from the levels of a year ago. In the case of other loans
by member banks, those represented by acceptances
and open taiarket commercial paper have shown a net
decline during the year, while commercial loans have
increased not only during November and December

but also slightly for the year as a whole. Late in
November the Reconstruction Finance Corporation
announced that its total volume of authorized loans
to industry had passed the $100,000,000; about twofifths of this amount had been disbursed.
Average stock prices have receded somewhat since
the middle of November, but the group movements
have not been consistent and price changes for individual issues have been highly irregular. The gains in
the three major groups of stocks since last March, as
measured by the indexes of Standard Statistics, have
been as follows: Public utilities, 73 percent; industrials,
45 percent; and railroads, 48 percent. Domestic bond
prices have been strong in recent weeks, with the DowJones average of 40 corporate bonds reaching a high
since 1928 in December.
The volume of loans to brokers and dealers of the
New York City reporting member banks has shown a
sharp increase since the middle of November, but the
rise in security markets in 1935 has not been accompanied by any substantial rise in brokers' loans. Total
net borrowings of stock-exchange members on collateral
at the end of November were only about $30,000,000
in excess of the total of $816,000,000 reported for the
end of last February.
The outstanding financing of December was the
United States Treasury offering of nearly $1,000,000,000 in new securities. This raised the gross national
debt to a figure beyond $30,000,000,000 for the first
time in history. At the end of 1934 the gross national
debt amounted to $28,479,000,000.

FINANCIAL STATISTICS
Reporting member
banks, Wednesday
closest to end of
month 1

Year and
month

Bank
debits
outside
New
Loans
York
on
City
securities

All

other
loans

Investments

Federal
Reserve
bank
credit
outstanding,
end of
month

Net
Total
gold
Bond
Savings deposits Stock prices,
bankimer's ac- ports
New
prices
Money
ceptinYork
New
(421)
in
ances cluding
Stand- Stock capital
circuoutgold
ard
Exissues
lation
standNew Postal Statis- change
reing,
leased
York
Savtics
(doend of
from
State
ings
mestic)
month
earmark '
I

Millions of dollars
1929: N o v e m b e r .
1930: N o v e m b e r .
1931: N o v e m b e r .
1932: N o v e m b e r .
1933: N o v e m b e r .
1934:
November
December
1935:

1926 =-=100

Average
Interest
divirates,
dend
comper
mercial
share
paper
(600
(4-6
com- months)
panies)

Tbous.
Dollars of dollars Dollars

28,486
19, 685
14,605
10,935
11,927

7,889
7,769
5,807
4,288
3,766

9,809
8,747
7,543
6,125
5,323

5, 655
6,800
7,506
8,589
8,522

1,677
1,079
1,931
2,202
2,581

1,058
1,571
1,002
720
758

-22.2
33. 0
117.7
70.3
-.5

4,845
4,528
5,518
5,643
5.081

4,333
4,666
5,213
5,265
5,029

164
201
565
885
1,199

151.1
116.7
71.7
47.5
69.1

96.80
96.51
84.13
81.36
82.98

248,385
247,102
109,966
45,000
57,150

2.99
2.75
2.05
1.22
1.10

13, 409
15, 701

3,124
3,192

5,047
4,923

10,817
11,367

2,453
2,463

561
543

120.8
92.2

5,494
5, 577

5.119
5,154

1,204
1,207

69.4
69.2

91.68
92.57

104,300
140,941

1.27
1.27

5,411
5,439
5,477
5,500
5,507
5,522
5,550
5,576
5,651
5,704
5,770

5,142
5,147
5,185
5,158
5,152
5,187
5,161
5,152
5,179
5,161
5,154

1,201
1,205
1, 203
1,200
1,205
1,205
1,189
1,192
1.192
1,196
1,199

69.7
67.8
63.9
67.5
73.1
76.0
79.4
83.3
85.0
86.1
94.2

93.35
93.35
91.79
92.95
92.81
93.94
94.12
93.07
92.65
92.84
93.69

92, 097
50,011
108,079
89,850
86,395
58,083
134,127
151,537
177,139
145,514
117,446

1.28
1.29
1.29
1.29
1.29
1.29
1.30
1.33
1.34
1.35
1.40

15, 066
3,132
2.461
150.5
4,891
11,481
516
January
2. 465
493
123.0
February
13,181
3,105
4, 956
11, 520
2,471
466
12.3
March
15,849
3,102
4,982
11, 709
2, 468
413
April
146. 3
15, 746
3,219
4,936
11, 804
2,469
375
May
_ 15,655
1?,8. 5
3,156
4,955
11, 676
2,480
343
June
231. 4
15,914
3,208
4,829
11,791
2,465
321
July___15.8
16, 657
3,076
4,735
12,034
2,485
322
August
47.4
15, 643
3,009
4,808
12,022
2,477
328
September. — 15,127
157.7
3,095
4,935
12, 390
2,482
363
October
16,962
3,006
4,896
12,476
313.5
2,480
387
November.. 16,802
211.1
3,108
5,044
12,4S0

1
Series on 101 cities resumed, superseding data on 91 cities.
http://fraser.stlouisfed.org/
38031—36
Federal Reserve Bank of St. Louis 2

i Net exports indicated by (—).

Percent

1H-1H
VA
H-l

SURVEY OF CURRENT BUSINESS

10

January 1936

Foreign Trade
trade figures served to
N OVEMBERtheforeign to a more normaland nonemphasize
return
relation
between exports of agricultural products

to 62 in November, the highest figure recorded for any
month since March 1931.
Imports declined 11 percent in November compared
agricultural products. The value of exports increased with the customary decrease of only 2 percent. Allownearly 50 million dollars in November over October, ing for the normal seasonal change the decline was
and of that amount agricultural exports (principally from 58 in October to 52 in November on the basis of
cotton) accounted for approximately 30 million dol- the 1923-25 average. Incoming shipments of a wide
lars. For the first 4 months of the cotton year, range of commodities, including farm products, tropiending with November, cotton exports increased 36 cal foods, industrial raw materials, and finished manupercent in comparison with the corresponding period factures, were smaller than in October. Imports conof 1934 and were within 17 percent of the average in tinued to show a gain in value in November as comthe corresponding period of the years 1929 to 1933, pared with the corresponding month of 1934.
inclusive.
From a net export excess of $96,700,000 in the 10
Among the nonagricultural exports, automobiles, months ending with October 1935, the net export
refined mineral oils, and copper recorded conspicuous balance increased to $196,912,000 in the 11 months
increases in November. Passenger automobile ex- ending with November 1935. The change in the
ports totaled 22,491 units valued at $11,186,000, the November trade did not, however, alter so greatly the
largest number exported in any month since April comparison with 1934 on a cumulative basis. Im1930. This unusual fall upswing in automobile ports increased approximately 20 percent in quantity
exports was in large part a reflection of the change in and 22 percent in value during the period JanuaryNovember 1935 over the same period of 1934, while
the new model schedules of the industry.
The increase of 22 percent in the value of exports exports were up only 3 and 5 percent, respectively.
Because of small shipments in the first 8 months of
from October to November contrasts with the usual
seasonal decline of 6 percent. While the advance in 1935, agricultural exports were chiefly responsible
the preceding months had not been so large as ordi- for the failure of export trade to expand to a greater
narily occurs, the adjusted index of exports in October extent in the first 11 months of 1935. Finished
at 48 percent of the 1923-25 average was higher than manufactures made up a larger proportion of the
in October 1934. The adjusted export index advanced total than in any year since 1931.

EXPORTS AND IMPORTS
Indexes

Tear and month

Exports of United States merchandise

Value Value
of
of
total total
eximports, ports,
adadjusted^ justed'

Exports,
Including
reexports

Crude
materials
Total
Total

Raw
cotton

Foodstuffs,
total

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

105
63
46
32
40

442.3
289.0
193.5
138.8
184.3

435.5
285.4
190.3
136. 4
181.3

45
42

47
41

194.7
170.7

192.2 !
168.4

45
47
48
46
46
50
52
49
50
48
62

51
48
49
49
52
51
60
54
53
58
52

176.2
163.0
185. 0
164. 4
165.5
170.2
173. 4
172.2
198.2
221.2
269.3

* Adjusted for seasonal variations.




Semim anil factures

Total

AutomoMa- biles,
chin- parts
and
ery
accessories

Total

FinCrude Food- Semi- ished
ma- stuffs m an- manii fac- ufacterials
tures tures

Millions of dollars

101
66
44
32
42

3 36
347
3 49

Imports *

Finished
manufactures

144.8
90.9
68. 1
55. 3
71.3

106. 9
59.3
43.6
38.5
48.8

66.3
45.6
34.5
19.9
24.1

51.8
33.1
20.8
14.6
24.2

172.6
115.8
67.0
46. 6
61.7

47.5
33.0
15.6
10.2
16.0

25.5
14.2
5.6
4.4
7.3

338. 5
203.6
149.5
104.5
128.5

121.4
59.2
47.8
27.8
37.3

69.3
48.3
33.0
32.0
30.6

66.2
38.3
27.4
16.6
27.8

81.6
57.7
41.2
28.1
32.8

71.8
54.5

39.2
35.0

18.3
15.7

30.4
30.3

71.7
67.9

20.6
19.1

11.0
12.4

149.5
126.2

40.1
28.8

47.8
47.7

27.4
21.1

34.1
28.6

173.6
160. 3
182.0
160.7
159.8
167.2
168. 0
169.8
195. 5
218.1
266. 7

55.8
45.0
40.5
38.2
36.9
40.6
38. 3
40.9
68.7
82.6
112.7

32.2
27.1
21.8
21.8
19.4
23.4
19.2
16.6
31.8
45.9
75.1

16.3
16.3
16.2
12.9
15.4
15.5
15.3
15.6
22.4
23.7
26.8

27.2
25.5
30.8
26.2
26.4
28.9
28.1
31.0
29.3
30.3
34.3

74.3
73.6
94.5
83.4
81.0
82.2
86.2
82.2
75.2
81 5
93.0

18.2
18.8
23.7
22.8
22.2
20.6
23.3
23.9
20.5
23.5
25.5

17.2
20.5
25.0
22.0
18.6
20.1
19.4
15.7
13.3

168.6
152.3
175.4
166.2
166.8
155.3
174.2
180.4
168.7
14.1 1 189.7
21.9
162.8

43.1
45.2
50.4
45.9
44.4
43.7
53.0
50.2
49.8
55.4
46.0

65.8
51.7
69.3
56.1
55.0
49.4
56.5
63.6
44.4
51.7
43.9

29.6
29.0
35.2
30.7
33.6
31.7
32.1
31.3
38.4
38.6
36.3

30.1
26.3
30.5
33.4
33.9
30.4
32.5
35.4
36.0
44.0
36.6

3 37 1,482.4 1,457.4
3 43 1,962.1 1,931.7
3 52 2,058.5 2,021.7

517.5
598.2
600.2

353.9
337.7
334.1

178.6
211.0
196.3

208.5
311.5
318.1

552. 7
810.9
907.1

116.7
199.2
242.9

81.3
177.8
207.8

1,316.0
1,509.8
1,860.4

381.9
431.8
527.2

374.8
470.2
597.4

264.8
286.2
366.5

294.5
321.6
369.2

> General imports through December 1933; imports for consumption in 1934 and 1935.

3

Monthly average of unadjusted indexes.

11

SUEVEY OF CUERENT BUSINESS

January 1936

Transportation
of nearly all manufactured products, the gain was
between 6 and 7 percent. Grain loadings were down
4 percent and 1. c. 1. freight between 1 and 2 percent.
the more normal agricultural harvest. The fall in- The drop of about 35 percent in livestock was influcrease in traffic exceeded the usual seasonal rise, and enced by the heavy movement in 1934 because of the
the decline since October has been less than usually drought.
The moderate increase in the volume of traffic moved
experienced at this period. The volume since July
has been running well ahead of that for the correspond- in recent months has been reflected in the improved
financial reports of the carriers. In July, gross reveing months of 1933 and 1934.
Improvement in the railroad-transportation industry nues of class I railroads amounted to $275,349,000
lagged behind the general recovery movement during which, after all charges, resulted in a net deficit of
1933 and 1934; this situation prevailed also in the $16,000,000. By October, gross revenues increased to
first half of 1935 during which the volume of traffic $341,018,000, the gain of 24 percent in gross resulting
handled failed to show an increase over the preceding in a net profit of $31,000,000. November net operating
year. Beginning with August, however, the weekly income was lower than for October, but the amount
statistics on freight-car loadings recorded consistent realized was sufficient to cover fixed charges by a subgains over the comparable periods in both 1933 and stantial margin. The cumulative deficit of the carriers
1934 and, by the end of November, the increase in for 1935 was cut to $35,408,000 by the end of October,
loadings as compared with 1934 had widened to 12 and this is expected to be further reduced by the operpercent. Although the cumulative volume of traffic ating results of the final 2 months of the year.
The performance of the railroads in the past few
did not exceed the volume in 1934 until the week
ended October 19, the available data indicate an months is not necessarily indicative of the extent to
increase of about 2.2 percent for the full year in com- which mounting gross revenues may be carried indefinitely into the profit column. Expenditures for mainparison with 1934.
Of the 8 major classes of freight, 5 recorded increases tenance and new equipment this year have been
and 3 decreases in 1935. Loadings of coal and coke relatively small, and while surplus equipment in good
were slightly higher, while the movement of forest repair and immediately available for service has been
products and ore increased by about 20 and 25 percent, normal, expanding traffic above recent levels will
respectively. For the miscellaneous group, which is require and at the same time make possible additional
not only the largest but which includes the loadings expenditures for equipment and other capital purposes.
the volume of freight traffic during
EXPANSION inof 1935 resulted mainlytrade, and
the final half
from the
increases in industrial activity and retail

RAIL AND WATER TRAFFIC
Freight-car loadings

Tear and
month

F. B. B. index
Unad- Adjusted1 justed

Total

Coal

FreightFor- Grain
MerMis- car surest
and Live- chanplus
Coke prod- prod- stock dise, Ore cellaneous
ucts ucts
I. c. 1.

M o n t h l y average, 1923-25=100

1929: November.
1930: November.
1931: November.
1932 .'November.
1933: November.
1934:
November...
December...
1935:
January
February
March
April.._
May
June
July...
August
September..
October
November
Monthly average, January
through November:
1933
1934...
1935

Pullman
passengers
carried
Thousands

Thousands of cars 4

Financial statistics, class I
railroads

Canal traffic

Net
Operat- wayrail Sault New PanopYork ama »
ing rev- erating
Ste.
income Marie State
Thousands of
dollars

Thousands of
short tons

Thous.
of long
tons

8.3
5.6
4.9
6.3

55.1
34.2
21.5
16.2
23.1

38.4
37.2
35.5
28.6
30.1

31.4
27.0
26.2
19.3
19.2

255.3
223.0
201.8
166.4
162. 1

29.2
12.6
5.7
2.7
7.2

371.4
291.1
231.8
187.0
206. 5

341
580
659
622
441

2,437
2,031
1,526
1,078
1,054

494, 068
394,320
301,890
250, 744
257,686

84, 982
61,175
35,650
33,396
57, 306

6,952
5,130
3,049
2,877
3,014

333
390
510

1,271
1,009
676
682
964

120.4
122.9

5.2
6.0

20.7
18.3

27.0
25.1

21.2
16.3

155.0
144.2

5.8
3.1

213.4
182.5

381
392

1,131
1,371

256,967
257, 506

2, 627
299

559
0

1,015

542.6
581.4
602.9
575. 8
581.8
607.0
557.2
620.4
657.9
720.5
635.9

137.6
143. 4
136.6
94.7
98.4
124.2
79.6
98.3
111.4
135.9
125.1

7.8
8.6
6.7
5.7
5.8
6.0
4.7
5.3
6.5
7.6
7.3

18.7
25.1
25.2
25.4
25.0
26.3
26.4
30.3
30.9
31.6
27.5

24.0
25.6
26.9
26.9
25.6
25.4
30.0
42.2
40.6
37.0
31.3

14.5
12.4
11.6
12.9
12.9
10.2

12.9
17.4
21. 6
16.9

144.1
152.2
160.8
161.1
159.8
153. 5
150. 2
159.6
160.3
166. 9
157.6

2.7
3.2
3.7
8.6
25.6
31.8
32.8
34.1
33.8
32.4
13.4

193. 2
210.9
231.4
240.2
228.6
229.6
223.6
237.8
257.1
287.5
256.9

342
320
300
310
305
272
296
245
229
208
252

1, 398
1, 204
1,219
1,193
1,146
1,309
1,286
1,425
1,364
1,278

264, 213
254,940
280, 899
274, 652
279, 549
281, 336
275, 349
294, 018
306, 960
341,018

31, 583
38, 738
21, 349
25, 720
37, 851
34, 626
39, 505
34, 025
26, 851
42, 074
57, 359
75,425

0
0
0
888
5,985
7, 058
7,503
7,731
7,148
7, 454
4,087

0
0
0
329
554
482
519
576
574
800
655

825
708
961
811
938
862
715
848
907
983
843

565. 3
598.8
608.3

108.7
117.1
117.3

5.6
6.4
6.5

21.5
22.4
26.7

32.4
32.2
30.6

17.2
21.0
13.8

1G3. 4
159.6
157.0

15.2
16.3
20.3

201.2
223.8
236.3

513
360
280

5,038
5,281
6,037

582
592
Ml

815
969
855

102
86
70
58
60

102
84
68
57
59

978.0
795.7
651.1
547.4
577. 1

185.6
162.2
123.1
122.5
122.5

60
56

59
64

568.6
518.4

58
61
62
59
61
63
60
64
70
73
67

64
65
65
61
61
63
58
60
62
64


1 Daily average basis.
http://fraser.stlouisfed.org/ * Average weekly basis.
Federal Reserve Bank of St. Louis

11.6

1

9.9

Adjusted for seasonal variations.
o 10 months' average.

I

'1,133 1 »259f 251 ' 39, 388
1
'1,260 i j*275, 708 »39,392
'1,282 {"285,293 '39,479

* American vessels, both directions.

SURVEY OF CURRENT BUSINESS

12

January 1936

Automobiles and Rubber
automobiles for the year will be 40 percent higher than
in 1934. Consumer expenditures for new passenger
with respect to the volume of output, but also from the automobiles have more than doubled in a period of
standpoint of employment and profits. With the final 3 years, during which the amount of national income
quarter of the year bringing a record output for this distributed has increased about 14 percent. Such experiod, total factory sales for 1935 will exceed 4,000,000 penditures are not only higher relative to the national
units. This represents an increase of about 45 percent income, but they represent also a higher proportion
over 1934, and is about three times the volume in the of the total retail sales than in either 1932 or 1933.
The record output of new cars in November necessiyear 1932 when factory sales dropped to 1,371,000 units.
The rapidity with which operations in the industry tated the use of approximately 2,000,000 tires for
were increased, once assembly of the 1936 models original equipment alone. As a result, the rubber instarted, is indicated by the production of 398,000 cars dustry has been operating at an unusually high rate
in the United States during November. This figure for this time of the year. Daily average consumption
was exceeded in only 2 months of 1935, March and of crude rubber in November was above the October
April, when the production averaged about 454,000 figure and was more than 50 percent in excess of the
units. October-November factory sales totaled 673,000 consumption in November 1929. Present indications
cars and the indicated output for the final quarter is are that consumption during December has been
sustained at about the November rate and that the
in excess of 1,000,000 units.
That cars are being delivered to retail buyers at a total crude rubber consumption in 1935 will approxihigh rate is evidenced by November sales of the General mate 500,000 tons, thus exceeding by a considerable
Motors Corporation which reached 136,859 cars and margin the previous record figure of 467,000 in 1929.
trucks, a figure exceeded in 1935 only by the April These totals are for the entire industry and include
total of 143,909. The November retail deliveries an estimate for the tonnage not reported in the monthly
were equivalent to more than 80 percent of the cor- figures presented in the accompanying table. Two
causes of the increase are the trend toward heavier
poration's estimated production for the month.
On the basis of sales reports through November, it tires, and the relatively smaller amount of reclaimed
is^estimated that the expenditures for new passenger rubber used recently as compared with 1929.
1935 the automobile industry
DURINGleader in the recovery movement,has again
been a
not only

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Automobile production
Canada

United States
Tear and
month

F.R.B.
index,
adjusted

Total

Passen- Trucks
ger
cars)

Total

Registrations

New
PassenNew
comger
Trucks passen- mercial
ger cars cars
cars

Month
ly av. t
192325=100

1929: November._
1930: November..
1931: November.,
1932: November..
1933: November..
1934:
November
* jDecember
1935:
January
February
March
April
May
June
July
August ,
_
September
October
November...
Monthly average,
January through
November:
1933
1934
1935

Pneumatic
tires»

AdUnadjusted justed

Production

Monthly average,

Number

Thousands

New passengercar sales

1929-31=100

Crude rubber

DoDo- mestic
World
Im- stocks,
mestic conship- sump- ports end of
ments tion,
month
total

Thousands

Long tons

113
74
36
31
30

218
137
69
60
61

169
101
49
48
42

48,081
35,613
19, 683
12,025
18,318

9,424
5,407
1,247
2,204
2,291

13,933
6,039
1,928
1,762
3 527

11,886
5,638
1,184
1,353
3,176

183,616
93,066
75,829
44,358
94,145

33,593
21,994
15,546
10,389
18,691

82.8
44.0
30.8
17.6
33.0

132.5
70.5
49.5
28.5
53.0

2,703
2,123
2,001
1,843
2,432

2,500
2,119
2,223
1,306
1,686

24,893
21,601
21,108
20,157
25,371

43,901
29, 743
45,103
29, 620
41,821

338,709
475,873
605, 684
614,342
642,968

40

83
154

49
111

34, 462
42,563

1,697
2,694

9,210
8,279

7,072
7,141

107, 648
75, 514

28, 689
24,125

39.2
27.7

63,0
49.0

3,241
3,665

3,026
2,921

31, 358 37, 212
32, 996 18,171

684,408
705,975

104
103
106
110
86
100
95
78
70
93
114

293
336
430
478
365
361
337
240
90
275
398

229
276
362
402
308
297
276
182
57
215
338

63,584
60,077
68, 018
76,118
57, 205
64, 712
60, 960
57, 662
32,520
60, 412
59, 599

10,607
21, 975
24,121
20, 765
15,745
13,069
7,692
5,323
8,313
13,496

11,035
15,067
20, 986
18,341
13,604
16,517
14, 752
10, 076
5,622
7,471
22,491

6,591 136,635
6,760 170, 615
8,820 261, 477
8,092 319, 652
6,291 293, 201
9,753 280, 360
10,274 285,184
9,997 233, 851
7,081 157,098
7,109 148, 389
8,038 *220,262

34,759
34, 797
41,511
48, 785
47, 968
48,243
51,243
50, 355
43, 234
43,243
37,616

51.5
72.7
100.2
116.7
98.4
104.9
89.1
80.2
50.1
53.3

75.0
86,5
94.5
78.5
70.0
78.6
81.0
75.0
79.0
82.0

4,488
4,251
4,215
4,376
4,050
3,793
3,426
3,234
3,067
3,281

3,469
3,112
4,000
4,908
3,850
4,061
5,212
3, 783
2,621
3,258

42,864
38,868
38,997
40,913
37,827
33, 327
33,109
36, 000
34,000
38.192
38,500

698,153
686,195
678, 809
677, 006
677, 569
671,525
679,061
650,644
661, 509
655. 000

167
236
328

138
188
267

28. 797
48.421
60,079

5,697
10,378
14,475

5,586
12,451
14,178

3,369
7,784
8,073

20,936
34,531
43,614

45.6
60.3
83.1

1Adjusted for seasonal variations,


18,114

130,470
164,843
227,884

• Covers varying percentage of industry. See note on p. 51.

114.0

3,135 e 2,997
3,891 8 3,820
3,471 8 3,479

» Includes taxicabs. 8ee footnote on p. 55.

40,523
47,844
48,640
41,456
30,705
32,182
48,131
41,483

35, 707
36. 378
26,073

29,786 34,377
34,516 40,384
37, 509 38,829

627,923
674,797
671,706

8 io months' average.

13

SURVEY OF CURRENT BUSINESS

January 1936

Iron and Steel
carriers did not keep pace with the increases for other
major consuming industries. Containers produced required a larger volume of steel in 1935. It is of interest that containers have afforded an outlet for about
steel production during 1935. It is estimated that
final production figures for the year will show an out- one-ninth of the finished steel produced in the past
put of approximately 33,500,000 tons of steel ingots, 4 years; in the 1922-24 period, when railroad buying
or nearly one-third more than in 1934 and two and one- was particularly large and construction was expandhalf times the production of 1932, the low year of the ing, the percentage was only 3.8. The container
business cycle. This represents the highest production industry has in recent years afforded a market for
since 1930, but it is less than two-thirds of the 1929 proportionally as much finished steel as the automobile
industry did in 1922-24. The latter industry now
production.
Aside from the midsummer recession in production, affords a market relatively twice as important as in
the rate of operations in the steel industry during 1935 in the 1922-24 period.
Machinery manufacturers required about 5 percent
was relatively steady. This is in contrast to the wide
fluctuations in production in 1933 and 1934 when there of the finished steel produced in 1934, and probably a
were periodic inventory accumulations induced largely somewhat larger percentage in 1935. The extent of
by prospective price changes. The rate of operations improvement in the machinery industries for which
for the year averaged about 48.5 percent of capacity; current data are available was discussed in the article
July recorded the low of 39 percent and the 2 final in the October issue of the Survey. The major pormonths of the year the highest rate of production. tion of this article was devoted to the machine-tool
Although the rate of operations in December was industry, which had reported in the first 8 months of
below that reported for December 1929 (59 percent),
this year a very large increase in both new orders and
the estimated production was higher.
output. The improvement has continued during the
The automobile industry continued to rank first as
an outlet for steel products in 1935, a position which last 4 months of the year. In 1935 the agriculturalit has occupied in 6 of the past 8 years, and continu- implements industry produced the largest volume of
ously since 1931. The railroads, which moved up from products since 1930. Factory sales are estimated by
fourth to third place in 1934, dropped back to fifth trade sources at $300,000,000, an increase of more than
position in 1935, when the purchases of steel by the 50 percent over 1934.

in
durable
EXPANSION of production thethebeen the and semidurable goods industries has
most important contributing cause of
increase in iron and
r

IRON AND STEEL STATISTICS
Iron and
steel

General operations

Year and month

Production,
adJusted i

Employment,
adjusted^

1933
1934
1935

_

Production

Thousands of long
tons

Number

Thousands
of long
tons

177
107
67
51
76

3,521
2,212
1,592
1,032
1,521

134
136
103

207
158
95
77

1,611
1,964

133
193

102.2
80.2
62.7
51.3
68.1

102.6
69.0
41.4
26 4
43.3

232
112
60
56
158

54
43
35
35
29

3,181
1,867
1,103
631
1,085

49
65

66.4
67.7

44.2
47.6

299
283

35
20

957
1,028

80
80
72
67
66

69.4
70.6
70.8
71.1
71.5
71.7
72.4
73.4
74.1
75.9
84.7

51.9
59.0
59.3
59.4
58.5
55.8
52.8
59.6
62.7
65.5
65.0

263
229
323
205
287
290
297
247
244
238
205

23
29
21
29
48
33
32
31
53
60
57

1,477
1,609
1,770
1,663
1,727
1,553
1,520
1,761
1,776
1,978
3,066

97
97
91
95
99
104
116
122

2,872
2,778
2,868
2,641
2,636
2,231
2,270
2,919
2,830
3,146
3,153

57.8
69.1
72.6

35.5
49.1
59.0

105
232
257

35
27
38

1,094
1,353
1,718

71
83
100

1,890
2,148
2,759

53
59

78

i Adjusted for seasonal variations.




Furnaces
in
blast

108
71
51
31
47

m
69
81
84
88
96

Steel sheets1

Production

Pay
rolls, Ex- Imunad- ports ports
justed

Monthly average,
1923-26=100
1929: November
1930: November
1931: November
-.
1932: November
1933: November
1934:
November
December
1935:
January
February
March
April
May
June
July—
August
September
October.. _
November
Monthly average, January
through November:

United
Prices
States
Steel
Corporation, Iron Steel Steel FinNew Ship- finished and billets, scrap ished
prod- steel, Besse- (Chi- steel,
Perormer
com- (Pittscent ders ments ucts,
comship- posite 3 burgh) cago) posite
of
ments
capacity

Steel ingots

Pig iron

90

> Black, blue, galvanized, and full finished,

Thousands of
short tons

Long
tons

Dollars per long ton

Dollars
per 100
pounds

676,016
435,697
275, 594
430, 358

35.60
31.95
30.16
28.79
30.25

35.00
31.00
29.00
26.00
26.00

13.13
10.13
8.00
5.93
8.56

2.50
2.20
2il8
2.15
2.26

109
142

366,119
418,630

32.15
32.39

27.00
27.00

9.25
10.31

2.44
2.44

322
183
193
168
150
129
206
207
196
226
289

206
201
233
202
187
161
152
181
177
221
213

534, 055
583,137
668, 056
591, 728
598, 915
578,108
547,794
624,497
614,933
686, 741
681,820

32.58
32.54
32.36
32.29
32.35
32.42
32.44
32.68
32.82
32.84
33.15

27.00
27.00
27.00
27.00
27.00
27.00
27.00
27.00
27.00
27.00
28.00

11.80
11.25
10.50
9.85
10.06
9.97
10.35
12.38
12.50
12.50
13.00

2.44
2.44
2.44
2.44
2.44
2.44
2.44
2.43
2.43
2.43
2.43

127
149
206

126
150
194

469,119
500,658
609,980

29.05
32.13
32.59

26.00
27.10
27.09

7.97
10.12
11.29

2.15
2.42
2.44

* See table on p. 19 of the January 1936 issue.

14

SURVEY OF CURRENT BUSINESS

January 1936

Textile Industries

T

HE textile industries as a group produced a
larger volume of goods during 1935 than in any
year since 1929, while the output of the wool and rayon
industries was greater than in that year. The index
of textile production given in the table below, which
includes data for all major branches except the rayon
industry, averaged 103, on the basis of 1923-25 as 100,
in the first 11 months of 1935 as compared with 84
percent in the corresponding period of 1934.
The advance in the woolen industry, in which depression has been almost chronic since the war, was
the outstanding feature of the year. The expansion
in this industry has been in progress for a period of 15
months and has not yet shown signs of slackening.
Wool consumption during 1935 was approximately
120 percent above that of 1934. The comparative
gains in the other major textile industries is indicated
by the following figures on consumption or deliveries:
Cotton consumption, 3 percent; silk deliveries, 10
percent; and nonacetate rayon deliveries, 31 percent.
The increase in the domestic consumption of silk during
1935 was possibly less than indicated by the statistics
on deliveries since these include an abnormal transfer
of about 11,000 bales to Canada.
Expansion in the demands for wool products has
been based on an improved demand from a wide variety
of industries, as well as from increased purchases
by Government agencies. The larger quantities

required in the production of men's clothing are indicated by the statistics on men's and boys' clothing
cut. While data are available at present only for
the first 44 weeks of the year, these show a gain of
about 14 percent in the number of suits or separate
trousers cut from cloth made either wholly or in part
from wool. The automobile industry has required
larger quantities, while the upward trend in the amount
of wool products used by the house furnishings industry
is indicated by the statistics on the carpet and rug
industry presented on page 54.
While the improvement in the woolen industry is a
comparatively recent development, the output of
rayon has increased each year since thefiberwas
developed as a major textile product. The competitive position of rayon as compared with that of silk
improved during the year, as a result of the rapid
increase in raw silk prices and the slight reduction in
prices of rayon yarn.
Although the cotton-textile industry was beset
with many difficulties throughout the year, the
volume of cotton goods produced was higher than in
1934. The major problems confronting the industry
were studied by a Cabinet committee which reported
its findings to the President on August 20, 1935. The
report, which contains interesting statistical and other
data, was published as Senate Document no. 126,
Seventy-fourth Congress, first session.

TEXTILE STATISTICS
Cotton,
raw
Production index, adjusted i
Year a n d m o n t h

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

Digitized for
i


Mill
consumption

Running
bales

Cotton manufactures

Wool

Silk
Rayon
Whole- j
sale
Whole- Deliveries
Looms
price,
sale from mills
woolen
Spin- price,
Deliv- ning
and
raw,
worsted eries to spin- Japan- Un- Admills
Nardles 3 ese, 13- ad- j u s t Wide goods
row
15 (New just- ed i
ed
York)

Wool manufactures

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

Spinning
spindles
WholeCon- !
sale
price,
sumpcotton
tion * 1 Wool- Worgoods 1
sted
en

Millions of
spindle
hours

Monthly average,
1926=
100

Thousands
of
pounds

97.4
77. 5
58.1
53. 6
86.0

46,694
31,237
35, 424
38,963
43, 466

69
52
46
60
63

65
52
51
58
60

65
37
31
42
39

T h o u s a n d s of
yards

Monthly average,
1926=
100

Bales of
133
pounds

Percent
Dollars
of
active
per
hours p o u n d
to total

59
47
45
59
64

86.3
74.7
64.2
55 3
84.4

50,562
57,333
50, 645
43,955
34,822

4.679
2. 463
2.315
1. 5G2
1.465

290
216
255
371
371

282
214
263
400
408

Percent of active hours
to total reported

Daily
average,
1923-25=100

108
93
89
92
89

541,153
415,315
425, 228
502, 434
475,247

7,821
5,825
6,018
6,967
6, 795

87
97

480,081
417, 344

6, 710
6,014

126,726
128,898

114,139
107,379

84.4
84.3

44,858
57,065

66
71

48
65

29
26

48
63

74.1
74.0

37, 548
40,941

44.4
46.8

1.292
1.358

386
488

429
574

103
100
98
98
102
100
105
104
106
113
107

550, 553
480, 339
482,373
468,402
470 412
383, 982
390, 712
408 410
449,126
552,187
507,836 !

7,542
6,567
6,623
6,055
6,087
5,102
5,155
5,545
(i, 184
7,445
6,897

145, 390
137, 335
148,710
144, 429
130, 284
90, 496
89,164
94, 521
93,013
110,885
102,292

120,203
117,780
122, 548
104,597
100, 265
70, 381
61,842
77, 913
8*', 948
97, 972
97,331

84.1
83.3
82.4
81.8
82 7
82.5
82.0
82.5
83.2
84.5
85.8

58,370
51.616
65,006
62,066
70,617
80, 428
66, 648
74, 781
c-,0, 293
78,727
72, 993

85
92
81
76
83
89
94
103
97
106
104

74
71
61
63
71
72
67
67
67
81
83

28
31
29
27
28
25
24
31
33
42
44

81
88
82
73
76
77
78
85
78
84
89

73.8
73.6
73.1
73.1
73.5
75.6
76.4
76.4
76.9
79.1
80.7

47,443
41, 732
44,347
39, 757
38,361
33, 728
44,166
41,715
45,156
48,167
37,012

55.0
52.2
45.8
40.5

1.348
1.432
1.327
1.391
1.418
1.376
1.447
1.705
1. 868
2.084
2.092

553
441
295
274
417
381
433
550
583
494
466

565
387
279
264
439
477
570
513
419
462
524

100
84
103

533,007
454,708
467,667

7,409
6,334
6,291

127,288
116,956

104,458
96,162

69.5
86.8
83.2

44,187
31,717
69,231

74
67
92

05
37
71

42
31
31

68
53
81

67.8
80.3
75.7

40,224
38,251
41,962

1.628
1.280
1.590

391
340
Ui

400
344
445

Adjusted for seasonal variations.

1

Grease equivalent; see note on p. 54.

s Twisting spindles.

15

SURVEY OF CURRENT BUSINESS

January 1936

WEEKLY BUSINESS INDICATORS 1934-35
Business
activity
Week
ending
Saturday

3
©

Wholesale
prices

ntract

[Weekly average 1923-25=100, except whore noted]

©

1
'35
3
»

1934
Jan. 6.
78. £ 66.9
76. L 64.9
Jan.13
)
77. C 66.3
Jan. 20
77 2 65.7
Jan. 27
Feb. 3
79! 1 66.4
80.4
66.6
Feb. 10
81.7 65.6
Feb. 17
83.5 64.4
Feb. 24 _ .
82. C 63.7
Mar. 3
Mar. 10_ . . . 83.0 64.4
84.1 64.2
Mar. 17
84.0 64.6
Mar. 24
83.9 65.0
Mar. 31
Apr. 7
82.7 64.6
Apr. 14
83.7 65.5
84.6 65.9
Apr. 21 _
85.8 66.1
Apr. 28
84.4 66.4
May 5
May 12
84. C 66.8
May 19
84.6 67.4
84.7 66. 8
May 26
85.2 65.7
June 2 .
84.1 66.4
June 9
85.1 66.3
June 16
84.8 67.2
June 23
83.8 64.3
June 30 ._.
July 7
77.4 60.3
July 14
79.3 60.9
July 21
79.7 61.6
79.8 61.3
July 28— _79.2 60.1
Aug. 4
79.1 59.4
Aug. 11
78.6 58.3
Aug. 18
76. f 58.1
Aug. 25
75.3 57.4
Sept. 1
73 5 57 6
Sept 8
71.8 57.6
Sept. 15
72.3 57.7
Sept. 22
74.4 57.4
Sept. 29
Oct. 6
74.7 57. 5
Oct. 13
75.0 57.7
76.0 57.6
Oct. 20
75.3 57. 4
Oct. 27
57.5
Nov. 3
76.
58. 2
Nov. 10
Nov. 17
! 76. 5 58. 3
76.9 58.2
Nov. 24 . . .
78. i
59. 4
Dec. i
78.7 60. 4
Dec. 8
82.1 61.4
Dec. 15.. . .
83.8 62.3
Dec. 22
83.3 62.3
Dec. 29
1935
86. 7 61. 5
Jan 5
Jan. 12
86. 1 61. 5
86. 9 63. 9
Jan. 19
86.7 64. 5
Jan. 26...
88.2 65. 7
Feb. 2
87.9 64. 7
Feb. 9,
87.1 62.9
Feb. 16
87.3 62.6
Feb. 23
Mar. 2
85.6 62. 3 j
85.8 63.4
Mar. 9
86.1 63.1
Mar. 16
86. 2 63. 7
Mar, 23
86. 1 64.3
Mar. 30
84.6 63. 3
Apr. 6
85.4 62. 71
Apr. 13
84. 1 62. 8
Apr. 20
Apr. 27 . _. 81.2 61. 1
82.8 62. 7
May 4 _.
81.6 63.31
May 11
81.3 63.9
May 18
81.6 64.0
May 25__
82.3 63.9
June 1
June 8
83.5 64.2
June 15
84.3 64.3
83.0 63.0
June 22
83. 6 63.2
June 29
July 6
79.5 63.4
July 13
83.6 62.5
July 20
85.5 64.4
July 27
86.4 63.8
86.8 65.4
Aug. 3
86.2 65. 1
Aug. 10
88.1 66.5
Aug. 17
87.8 67.1
Aug. 24
87.1 66.7
Aug. 31
Digitized for1 FRASERon p. 16.
Footnote



5.

"2 u

1

Ig

V O
33

ft

£
71.0
71.7
72.3
72.4
72.8
73.3
73.7
73.4
73.6
73.8
73.7
73.5
73.4
73.3
73.3
73.3
73.5
73.4
73.8
73.5
73.7
73.9
73.8
74.6
75.0
74.8
77.8 74.7
77.9 74.5
78.1 75.1
77.8 74.7
77.9 75.1
77.8 75.4
77.8 76.1
78.5 76.9
79.7 77.5
80 2 77.8
79.9 77.5
80.2 77.5
80.1 77.2
79.7 76.6
79.1 76.4
79.0 76. 2
78.8 76.2
78. 7 76. 0
78.9 76. 6
79.0 76. 7
78.9 76.3
79.0 76.5
78.7 76.7
78.6 76.7
78.4 78.4
78.7 78.7
721
721
72
72. t
72. g
73.2
73.7
74.2
74.4
74.5
74.6
74.1
74.0
73.5
73.4
73.2
73.1
74.0
75.2
75.4
75.5
75.8
75.9
77.4
78.0
78.0

79.4
80. 7
81. 1
81.6
81. 0
81.7
82.4
82.2
82.0
81.8
81.7
81.0
80.6
81.0
81.7
81.5
81.8
82.1
82.2
82.3
82.7
82.3
82.3
82.3
82.0
81.6
81.7
81.6
81.7
82.6
82.9
83.1
83.7
84.6
84.3

Finance

1

3
u

1
52.9
46.3
34.2
"28." 3
16.5
27.1
413
51.1
29.2
36.7
30.8
27 7

"36." 6
41.6
28.4

"36" 6
31.5
31.5
39.4
24.5
21.1
~~28.~6

31.2
24.8
29.5
29.7
25.8
32. 2
33.1
28.4
26.6
30.9
27.4
"~20." 9
26.0
21 0

77.9
78.6 28. 8
78.5 2 1 2
79.0 is! 5
79. 1
79. 1
79.4 18. 8
79.6 20 0
79.6 24! 6
79.6
79.4 "28." 6
78.8 25. 6
78.9 34.5
79.2
79.9 29 7
80.3 32.6
80.3 27. 7
80. 1
79.9
80.0 29.2
80.3 33. 1
80.2 30. 2
79.91
79.8 31.9
79.3 47.1
78.9 45.8
79.1
79.2 32. 7
79.1 36.5
79.2 47.6
79.6
80.1
80.5 " 42.9
80.8 38.4
80.5 32.7

n
0

M

1

?£

£

O

"5 c
*•* &

+*£

3 1 8 Is
s gS
a

52.2
58.1
58.6
58.7
59.0
59.9
62 6
60.0
63 2
64.1
65. 5
63. 6
63.6
58.3
60.5
61.7
63.6
63.1
62.9
63.9
65. 3
60.5
64.3
64.5
65.0
67.4
54.3
63.0
64.3
63.6
63.9
63.0
62.8
63. 3
67.5
58. 8
67! 5
67.2
67.4
66 0
6&4H
66. 8| I
65. 2 !
63. 9
62. 0
61.0
58. 6
50. 9
57 5
60. 5
57.2
44.4
51. 9

89.8
61. fc
66. C
61.3
65.6
67.3
67.7
69.1
73.7
63.8
63.4
70.5
63.9
76.2
67.7
77.9
69.9
79.3
68.4
74.3
63.9
66.0
77.0
65.3
76.5
67.7
89.5
71.2
75.7
64.9
70.0
63. 3
67.3
617
58.3
70.9
64. 6
71.9
66.0
77 5
63.5
86. 3
68.7
69. 0
78.3
76. 5
75.5
70. 4
87. 1
66. 9
81.9
76.2
101. 2
75. 9
78. 9
71.7
6v). 0
74.4
61.4
78.0
82. 3
85.0
72. 2
81.5
73.7
86.0
68. 2
82. 5
73. 4
87. 3
78.8

58! 7
58.0
62. 4
61.8
60. 7
57. 7
63. 1
61. 3
62. 3
63.4
614
56.9
61.3
63.7
58.3
59. 4
60.0
60.8
77.0
62.5
73.5
59.0
65 8i 92.1
68. 11 7 1 5
82.8
59.2
64. 5
73.9
49.3 100.6
59. 1 80.9
81.6
61. 9
62.2
74.0
62. 3
85.5
60.9
78. 8j
64. 1 69.0
65.3
78.7
70.9! 66.8

71.3
69.9
70.0
70.0
71.0
70.6
70.4
70.9
69.6
69.4
70.3
69.7
69.4
70.0
70.6
69.7
68.9
69.0
68.9
68.5
68.0
68.1
68.6
68.6
68.3
68.0
68.2
67.9
67.6
67.4
66.9
66.5
66.5
66.3
66.2
66 9
66! 6
66.2
66.1
66 2
66! 3
66.6
66.5
66. 3
65.7
65.5
65. 3
65.4
65.9
65.7
65.7
65.0
64. 9
64. 4
64. 6
64.4
64. 2
63. 9
64. 3
64. 1
64.5
65. 5
65.4
64.9
64.7
64.7
615
617
64.8
6"). 3
61 3
64. 5
64. 5
64. 9
63 9
615
64.2
64.3
64.3
63. 5
64.0
63.5
62.5
62.7
62. 7
63. 1
62.5!

24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
24.2
212

24.2
24.2
24.2
24.2
212

24.2
24.2
212

22.9
26.7
26.7
25.8
23.8
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22 9
22! 9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22.9
22. 9
22.9
22. 9
22 9
22! 9
22. 9
22. 9

24.2
24.2
24.2
24.2
24.2
24.2
24.2
24. 2
24.2
24.2
24. 2
24.2 22 9
24.2 20! 1
212

24. 2
24.2
24. 2
24.2
24.2
24. 2
24.2
24.2
212

24. 2
24.2
24. 2
24. 2
24.2
24. 2
24.2
24.2
24.2
24.2
24.2
24.2
212

24.2
24.2
24.2
9.7

6. 1
6. 1
6.1

0. 1
6. 1
61
6.l!
6.1
6.1

6. 11
6. 1
6. 1
6.1
6.1

6. 1.
6.1
6.1
6.1
6.1

20.1
20. 1
20. 1
20.1
20. 1
20. 1
20.1
20. 1
20. 1
20.1
20.1
20. 1
20. 1
20. 1
20.1
20. 1
20.1
20. 1
20. 1
20.1
20.1
20.1
20. 1
20.1
20. 1
20. 1
8.9
5.7
5. 7
5.7|
5. 7
5. 7|
5" 7|
5. 7|
5.7j
5.7
5.7
5.7
5! 7
5.7
5.7
5.7

si
s—
0

119.2
117.4
116.5
115.4
109.3
109. 8
109.9
110.1
110. 6
110.9
110.5
110.2
110.3
110.9
110.6
110.5
110. 1
110.6
110.6
110.3
109. 9
110.2
110.4
109.9
109.7
109.8

Production

1

33

03

ft

c

64. 1
77.1
81.8
77.4
74.9
71.5
58.7
62.7
62.2
63.9
61.2
58.0
56.5
55.5
61.7
65.1
614
60. 4
54.5
52. 1
55.3
53.1
58.7
61.7
57.2
56.3
44.5
51.8
57 5
52! 8
54.1
51.4
48.4
53. 6
49.6
42. 8
48! 9
44.7
49. 9

1

1jS

94.7
95.7
98.3
99.2
100.5
101.6
102. 6
103.0
102. 2
102.9
104. 3
103. 5
103.5
104. 3
105. 6
106.0
106.1
105. 9
105! 0
104. 7
105. 0
105.0
105.2
105. 9
106.0
105.' 8
105. 6
106. 3
106*. 5
105. 2
1017
103. 8
103. 4
104. 1
103. 9
103. 2
101.9
101. 6
102.7
103. 0
103! 7
1013
104. 6
101 2
101. 3
104. 6
101 8
105.5
106 0
108.' 3
106. 4
106. 3

111.2
110.5
110.0
109.3
109. 8
110.2
110. 3
110.4
110.5
111. 7
111! 8
111.8
111.8
112 8
113! 0
112.9
112.3
112.6
113. 4
113. 1
112.7
113.5
114.4
114.4
115.4
115. 5

60. 9
65.6
52. i
55.3
57. 2
54.8
51. 1
56. 3
49.4
57.0
56. 8
53. 8
50.9

113. 7
111. 9
111.0
110. 5
110. 7
111.7
112.0
112 3
112.5
113. 1
112.8
112.6
112. 5
113. 4
113.4
113. 6
112.9
113. 2
113.5
113. 4
113.2
113. 5
113 9
113.6
113.5
113.8
115.5
114. 7
114! 0
113. 4
113. 9
114*. 5
114.7
115.0
115. 2

60 9 107. 3
69! 31 107. 9
67. 3 107! 5
63. 6 10s! 0
65. 8 107. 6
64.6 107. 5
57.2 108. 1
70.0 108. 8
55. 0 10^.0
53. 1 107.2
57.0 105. 9
59. 0 105. 7
56.8 105. 0
61.7 104. 7
66.6 105. 5
62.2 10'). 0
61.2 106. 3
60. 0 106. 3
53.6 106. 4
53.8 106. 4
57.5 106. 3
55. 5 106. 3
58*5 106. 2
54. 5 107. 1
56. 3 107. 9
57. 5 108. 1
47.7 108. 4
48. 9 108. 3
52. 8 108. 3
54. 2 108. 2
48. 4 108. 2
53! 8 108. 0
49.9 107. 9
48. 6 107. 6
50. 9 i 107.2

m
3
O

0

0

0
ft

•c

£

i

83. 9
75. 0
88. 1 75. 9
8s!2 89! 7 80. 7
87. 0
96 4 S3. 1
86. 5 102. 8 83. 7
87. 5 107. 6 83. 3
88 6 108 2 S3. 6
86.3J 110! 0! 85! 9
84. 6 114.0 86.1
82.0 127. 3 87. 1
82. 4 131. 2 92.2
83. 0 135. 4 94. 6
84. 1 141.4 43 5
86 3 143.6 5 1 0
S8.2 144.5 57.6
90. 4 .45. 4 47. 3
89. 8 145. 3 4S. 9
91.31 114.5 55.4
93. 8 117.6 57.5
94. 5 132. 0 62.5
92. 8
86. 1 75. 2
93. 8 117. 8 84 7
97.8 119.0 90! 3
99. 9 118. 7 47.3
99. 1 116.6 63. 9
99. 6
77. 8 30.1
101. 3| 109. 4 45. 2
101 8 109.1 53! 6
103". 0 108*. 6 61. 0
104. 2
91. 0 52. 2
101 5
63.0 48*. 2
106. 1
73.9 54.4
105. 6
66.3 61.5
105. 5
64.4 73.7
55. 1

|

«

!i

86 8
26.6 80.7
87.5
39. e 72.2
93.7
44.9 70. 8
95.6
58.7 70. C
97 3
66.3 73.3
98!3
74.9 75.6
98.5
80.9 78.4
97.5
86.3 81.5
94.8
91 1 82.0
93.8
96.'5 82.0
94.0 101 4 83.8
91.7 107. 3 84.6
91.6 104. 7 90.0
94.0 111. 3 60.7
95.4 114." 3 57. 1
95.7 118.8 57.3
94.9 125.0 57.6
90.5 122. 6 60 4
85.4 103! 9 59. 5
815
99. 0 59.4
84.6 100. 0 60. 7
84.4
71.0 62.0
86 1
93. 8 59 6
88.6
99.3 58.6
88.3 100. 4 60 5
87.7 112! 6 60.1
87. 0
45. 6 58.8
88!7
95! 9 56! 9
86.7
96.4 57 2
80.6
91.1 58.3
80.4
85.9 56. 6
79 6
78.2 56. 5
81 .'2
75. 8 50. 5
83.6
74. ) (•0. h
83. 1
45. 6 66. 1
81. 8
52 1 70 9
79! 2
60!2 6S. N
67. i
80.0
56 A
83. 0
55. 4 71.9
82. 4
33.4 68 4
84! 0
43! 1 69! 4
85. 2| 1 45. 8 70. 9
84.5
40.7 70 2
83.3
25.0 72.5
85. 8
26. 8 73. .5
86. 7
26.4 74.9
87.1
23.2 71.5
89. 1
27.1 72.9
O() 1
41 9 71.9
0 -t 0 1
50! 5 75. 7
H/. 6\
65. 5 81.7
86. 1
87.4
71. 2j 75.0
90. 0
89. 6
87. 5

1

5

c

Receipts

93.9
98.8
97.5
96.7
98.2
99. 2
98. 5
98.8
99. 5
98.9
99. 0
99.5
100.0
97.1
98.9
100.4
100. 2
98. 0
98! 6
99.0
99.3
94. 6
99 3
99! 9
100. 5
101. 7
93.4
98. 9
99. 9
101. 1
9,). 5
99. 6
ioo 5
9S. ( )
97. 7
9i 9

3

j»

VI

I

1 I
1

p*

0

«

104.0
110.9
110.2
106 7
101. 9
109.7
109.9
106. 9
104 8
111.1
114.2
114.7
111.6
112. 2
117.'6
116. 7
117. 6
116. 7
121 1
120.7
119. 7
117.8
123 4
12o! 3
124.9
124. 4
123.1
124. 9
124! 5
122. 3
117.7
120.3
120. J
11S. 3
llu 3
11 >. 4

l)\ 1

40.8
43.4
44.7
44.7
48.7
52.6
55. 3
59.2
61. 8
63.2
63.2
61.8
61.8
63. 2
65. 8
69. 7
72.4
75. 0
77. 6
77.6
76. 3
77.6
78. 9
78.9
75.0
59! 2
31. 6
36. 8
36. 8
35. 5
31 2
34 2
of) 3

26. .3
25 0
26. 3
2(\ 7

s

61.4
cS
76.<!
76.3
73. 5
66.7
69. 3
75! 9
68. 9
66.4
72.3
70.9
68.8
62. 8
72! 2
82.4
77. 6
83. 0
74 9
75! 0
90. 0
83.8
80. 8
72.6
94. 6
127. 7
104. 7
135.4
193. 7
180. 8
19,"). 3
235. 5
207. (•

215 5
2 V,)
"M)
221
17?

o\) \
3 2 9 ni 7
32. 9 1 JO 7
31.6. 137. 2
32.9 134. 3
3 1 2 127 0
35. 5 122! 7
36.8 110. 8
36.8 114. 3
38.2! 87.1
38.2
65. 1
42.1
97.4
44.7
91.3
77.4
48.7
51.3
56.5

100 2
106. 4
106. 7
107! 0
105 8
105. 9
105. 7
103. 7
lOl! 1
103. 5
103.7
103. 5
102.8
102.0
103. 5
102. 2
100.4
101.9
102.2
102.0
101.8
97. 8
103. 5
104.' 6
106. 5
106. 4
99. 3
106. 0
108. 5
109! 5
109 3
109! 2
110.0
110.4
108.6

55 3
60. 5
65. 8
69! 7
71 1
71.11
68. 4
65. 81
64! 5!
64. 5!
63.2
61.8
59.2
59. 2
60. 5!
61.8
60. 5

128. 5
130. 3
131. 5
131! 3
126. 5
127.6
130.1
129.1
127.9

01 7

83 8
90. 0
7l! 6
84.0
66. 8
5S. 6
64. 8
65! 3
68.61
72.2
62. 0
55. 4
65. 3

©

1

63.1 71. S 17. 2
608
95.5
19 2
70.0 108.1 25.9
62.3 108. C 30.3
50.4 86.7 34.5
59. 2 53.6 39.1
59 6 70 7 28 6
50!4 8 L 0 28! 0
41. 9 62. 3 25 7
40." 8 48.1 23! 8
64.2 64.4 26.0
56.2 58.2 28.1
53.8 61.2 23.2
43. 8 57. 4 29. 7
4Z 7 66. 7 24! 9
53. 1 65. 7 26.8
47. 7 74.9 21.3
46. 2 65. 2 19. 0
36 9 65. 4 25 4
38! 1 73.6 50.9
25. 0 84. 0 39. 7
26.5 83.3 37.5
22. 7 85 7 36.1
28!5 53! 9 44! 4
37. 7 55. 9 67. 7
29. 2 68.1 134.0
32. 3 53. 4 172. 8
22. 7 65. 7 182. 8
32. 3 73. 8 138!4
31. 9 61. 2 105! 4
32 7 53. 5 77. 5
37. 7 56. 4 65. 1
2o. 8 44 2 61.3
37.2 56. 9
65 3
6 i.)

7
U
6 ll.V
2 1 ."0 4

97. 9 117.,')
11.1. 3
9J. 6 114. 3
99. 5 116.3
100. 1
100. 7 112.' 1
100. 2 109.4
100. 6 114.0
101. 5 115. 7
102. 3 113.7
101.1 113.9
104 6 114. 6
106! 1 lie! 1
107.3 116.3
99. 0 117.2
114. 7
12l! 9
12i' 5
122! 0
117 5
120. 5
123. 3
I2l! 7
118.8
121.3
125.2
121 8
123.0,
121.7
124. 0
124. 3
122. 9
119.7
125. 8
127.2
125.1
123. 7
126. 9
130! 8
131.0]
129. 1

©
w

169.6
i70 4
177." 3
162.3
173. 5
146. 5
110. 0
127.7
121.9
103.5
76. 5
70! 4
72.7
61.9
43 5
38. 5
69. (}

47! 3
29. 2
43.8
28. 8
37. 7
34! 6
36.2
44. 6
40. 0
30." 8
18. 8
25.8
71 5 21. 2
73. 1 26. 2
62! 31 24! 6
59! 2: 70. 1 21.5
57.91 67. 6 2.J. 1
72. 31 34.6
56. 6
55. 3
65 5 16. 9
52 6
73*. 1 21. 2
15.0
(>•'). 8
5L3
50. ()! 55. 9 13. 0
50. 0
57. 9 11.2
44. 7
53. 7
8. 1
76. 0 10. 0
4 8 . 7'i
55. 3
70.1 25. 4
59! 2! 62! 6 33.8
60 5
35 8
6l'.8
74.3 37! 7
64.5! 97.4 36. i
67.1 102. 9 61. 9
59. 2
92. 2 88. 8

-'/(•

49. *,
51 !
59 •
a 2. 8
57. 5
68.8
69. 7
67.1
68.6
89.8
87.6
69.1
106. 0
97.9
68. 1
33.9
47 7
53! 5
53. 0
53! 7
50.9
49.4
44. 9
43 4
38!7
36. 9
39.3
34. 0
35.7
40. 2
35. 3
33.
35. 3
36. 2
37. 5
31.8
31.0
29. 5
33. 9
30." 8
30. 8
29. 4
21 5
33. 3
27 1
29*. 1
26. 1
2:V. 5
27.3
31.7
26.0

6h 1
(i 1..",
if>. 0

47.8
33! 4
37.0
32.0
25.3
32. 2
23.3
29.4
21.0
27 6
313
19.0
116
15 3
14! 6
15 9
12! 9
12.5
12.8
9. 4
9 6
17! 0
17.0
11.6
11. 7
12.7
13.4
14.5
16.9
29.0
19. 8
20.2
19.9
22 5
31 3
28 4
29! 6
30.7
31.6
41. 8
48. 0
85. 4

no! 2
155. 5
162. 1
143.1
113.9

108.7

16

SURVEY OF CURRENT BUSINESS

January 1936

WEEKLY BUSINESS INDICATORS 1934-35—Continued
[Weekly average 1923-25 = 100, except where noted]

Week
ending
Saturday

New York Times

imsm ss
activity

wnolesale
prices
o

3
"35
3

I
VI

z

1

£

I

as

'

Finance

s
05

§

at
AS
!

*

I

•

n
cy

11

I

_©

"3
o

1

Production

"L
%c

»- si

fi ©

SI
o
*

il
o

1 1

ft

I

\

©
Xtl

'B
o

3
©

si

-2
|

©
&

|

3

1

1

Receipts

1

1
m

I
1
g
53
•4-»

6

I
a

be
©

1

1935
61.8 88.4 62.9
Sept. 7—
88.5 67.1 84.5 80.4
6.1
5. 7 116. 4 49 9 107. 5 107.1 44.7 80.9 105. 2 127 7 65.8
93. 6 106. 9 24. 3 105.0
Sept. 14
86.5 67.1 85.1 80.8 38.3 73.0 73.2 63.5
17.7 81.fi 109.7 132'. 0 68*. 4 113*. 0 141! 1 24! 9 144! 1
6.1 3 5.7 116.4 47^9 107.5 110.2
5.7 116.3 45.2 107.7 109.5
Sept. 21
6.1
87.9 67.1 85.2 81.0 65.5
73.8 85.5 63.5
16.5 75.3 111.2 133.2 67.1 113.5 186.2 24.6 153.4
Sept. 28
6.1
5.7 116.3 50.1 107.7 108.7
86.0 64.5 85.5 81.0 41.9
65.8 75.8 63.9
21.0 16.4 111.5 132.6 68.4
98.9 243.8 27.1 112.1
>
Oct. 5—
6.1
5.7 117.3 50.9 107.2 107.4
88.5 66.8 85.6 80 *
73.7 93.4 64.3
32.5 67.2 111.9 130.6 69 7 103.8 229.2 28.4 102 1
76.3 63.8
5.7 117.6 45.0 107.0 107.8
41.5 80.6 112.1 133.6 68*4 113! 8 286." 5 26.1 74*. 6
Oct. 12_.
88.8 67.1 85.8 80.7 41.1 76.6
6.1
Oct. 19
53.5
6.1
5.7 117.6 55.0 106.8 110.8
89.5 67.0 85.5 80.7
76.4 97.5 63.8
58.2 78.9 111.8 133.6 69.7 128.3 282.7 34.9 86.3
Oct. 26
6.1
5.7 117.4 59.5 107.3 113.3
91.0 67.4 85.3 80.3
73.8 84.3 63.5
81.3 79.3 113.8 134.3 69.7 120.6 293.5 43.9 67.1
Nov. 2
91.0 67.3 85.u 79.8 ~~49.~6 71.0 77.6 63.2 14.1 21.5 117.5 58.7 107.4 113.5 100.6 75.2 113.9 134.3 69.7 112.3 273.1 38.7 56.0
Nov. 992 2 68.4 85.0 80.1
68.2 87.6 63.8 18.2 22.9 118.6 52.1 107.6 115.4 116.8 76.7 114.9 134.5 69.7 109.8 260. 0 35.6 50.8
41.4
65.5 88.5 64.0 18.2 22.9 118.6 51.6 107.6 116.7 122.1 83.3 116.4 136.9 71.1 105.8 202.3 36.7 40.9
93.1 68.3 85.0 80.4
Nov. 16
80.6
45.3
Nov. 23
94.6 69.1 84.3
67.4 92.6 64.0 18.2 22.9 118.6 48.2 108.3 118.5 124.2 79.8 117.2 136.3 72.4 100.2 146.2 29.9 36.2
Nov. 30
60.2
95.4 71.4 84.5 80.8
59.5 87.3 65.2 18.2 22.9 119.6 56.3 108.8 116.4 109.3 87.1 112.7 135.4 75.0 76.5 136.2 35.3 35.8
80.9
Dec. 7.
94.6 74.5 84.6
66.5 108.7 65.3 18.2 22.9 120. 6 51.8 109.3 116.8 121.9 81.0 118.2 133.7 75.0 100.7 136.5 53.1 38.9
71.8
Dec. 14
. . 95,8 74.6 84.0 80.8
64.2 80.1 65.3 18.2 22.9 120.7 59.5 109.61 115.1 128.6 80.0 119.0 137.7 73.7 94.4 115.4 49.2 27.5
80.4
Dec. 21.
96.7 75.2 84.4
62.5 100.6 65.5 18.2 23.9 121.8 52.8 109.2 113.3 135.8 82.1 120.2 136.8 71.1 83.4 131.5 46.1 30.0
Dec. 28.
84.1 80.6
48.7 i 9 3 . 4 65.3 18.2 23.9 122.8 44.0 109.7 114.3 93.5 79.0 110.9 135.0 64.5 53.5 130.0 38.0 22.1
NOTE.—The following footnotes also apply to the weekly business indicators shown on page 21 of this issue:
1
Sources of the basic numerical data. Business activity, New York Times; Business week, McGraw-Hill Publishing Co. Wholesale prices, Fisher's; The Index"Number
Syndicate, Department of Labor, U. S. Department of Labor, Bureau of Labor Statistics; Construction contract awards, F. W. Dodge Corporation; Freight-car loadings, Association of American Railroads. Finance, bank debit? outside New York City, total loans, and money in circulation, Board of Governors of the Federal Reserve System; interest
rates, time and call loans, and bond prices, Wall Street Journal; stock prices, New York Times; commercial failures, Dun and Bradstreet. Production, automobiles, Cram's
Reports Inc.; bituminous coal, U. S. Department of the Interior, Bureau of Mines. Electric power, Edison Electric Institute. Petroleum, The American Petroleum Institute.
Steel Ingots, Wall Sired Journal. Receipts, cattle and calves, and hogs, U. £. Department of Agriculture, Bureau of Agricultural Economics; cotton, New York Cotton Exchange; wheat, Chicago Board of Trade.
The actual week covered by the data ends on Saturdays with the exception of Fisher's wholesale price index (Thursday), bank debits outside New York City (Wednesday)
total loans (Wednesday figure; construction contracts awarded (1 to 15; 16 to 22 and 23 to end of month); and cotton receipts (Thursday). Data for the period July 2, 1932Dec. 30, 1933 was published on p. 20 of the January 1934 issue.
All indexes are based on the weekly average for the years 1923-25, with the exception of the indexes of business activity (computed normal); wholesale prices which tie
based on 1926 and electric power production which is based on the weekly average for the years 1928-30.

REVISED INDEXES OF FACTORY EMPLOYMENT AND PAY ROLLS •
[Monthly average 1923-25=100]

Federal Reserve Board
Employment, adjusted

United States Department of Labor
Pay rolls, unadjusted
Employment, unadjusted

£
3

Year and month

fi

3
3
e
s

n m
ures

3 05

-3

3 ss

fl

S
3

I
3

si
a3

I

I
1933

3

h=
=

e« ?§

i
g

1

*36.7
*63.6
*60.2 *45. 4 *76.0 *52.2
*61.6
60.7
*62.8
*61.4
52.9
January
*61.8 *39. 5 *27.6 *54. 5 *31.5 •40.0
*67. 2 *62.5
*42.7 *37.2
•61.7
52.6
•61.1 *45. 8 *77.6 •53. 2 62.0
February.
*f>8. 0 *62. 2 *40. 2 *27.7 *56. 2 *32.0 *42.1
*60. 5 *60.5
*37. 7 *32.6
*58.9
49.8
*58.S *43.9 *74. 7 *50. 8 61.8
March
*62. 8 *59. 8 *37. 1 •25. 3 *52.1 *29.1 *40. 8
*65.3
*59.5
51.3
•41.7 •35. 0 *59.9
*59.9 *44.4 *76. 5 *51.9
April
62.3
*07.1 *59. 6 *38.8 *26. 6 *54. 4 *30.5 *39.9
*69. 0
62.1
54.4
63.2 *42. 7 *30.8 *57. 9 *35. 3 *45.0
*46. 6 *43. 7 *62.9
May.
*62.6 *47.0 *79.3 *54.1
64.0
*70.0
75.2
68.3
59.1
•51.6 *53. 3 *67.4
*60. 9 *50. 7 *84. 3 *58. 4 67.7
June
*75. 3 70.2 *47. 2 •34. 7 *63.1 *40.0 *50.4
•81.0
77.2
63.2
*72.5
78.4
*54. 0 *60.4
*71. 5 *55. 3 *88.9 *61.7
*50. 8 *38.0 *67.0 •43.1 *53.1
July.
72.3
*80.0
•91.3
89.1
70.4
76.5
87.8 *56. 8 *43.9 *73. 3 *48. 3 *59. 2
*02. 3 *61.9
August
*76. 4 *60.1 *93.9 *69. 2 80.3
*89.3
*93.9
90.8
74.8
*78.0
90.2
*62. 7 *61.4
September
*80.0 *63.4 *97. 8 *74. 3 84.5
*59. 1 *44. 7 *77. 6 •51.6 *59. 5
*92.4
*93.2
90.8
74.8
77.9
90.1 *59.4 *45. 4 *77.3
65.3 *62.9
October.
*79. 6 *63. 2 *97. 2 *75.6
53.6 *62.2
83. 2
*93.3
89.2
88.3
73.1
76.0
62.4 *58. 3
88.1 *55. 5 *42. 5
74.0
92.4
76.3
72.2 *52. 2 •60.1
November
61.3
81.7
89.1
S8.4
85.6
70.9
59.8 •59. 0
75.1
85.3 *54.5 *42.3 •70.1
71.1
89.2
December
74.5
60.8
50.1 *58.5
80.9
87.4
*69.0 *53.4 *85.6
41.4 *50.9
78.0
52.0 *50.2
71.8
74.7 *48. 5 *35.8 *64. 6
62.2
Monthly average
1934
75.2
69.3
81.3
47.0 *50.9
55.8 *58. 7
84.0
84.7
88.0
83.3 *54.0 *41.6 *69.7
78.0
73.4
59.9
68.5
January
88.1
86.4
52.1 *61.1
65.0 *65.2 *78. 4 71.4
93.1
85.8 *60. 6 *47.9 *76.9
72.3
77.8
63.6
February
79.6
89 2
81.1
75.1
94.2
89.6
64.7 *52.8
76.6
79. 9
56.5 *64. 2
74.5 *70. 5
95.5
88.3
80.9
67.2
81.5
97.8
March
*82.3
77.6
102. 2
91.1
78.6
58.7 *67.0
79.4 *73.4
95.6
91.2 *67. 3 *57. 4 *80.0
*82.4
70.1
April
82.2
105.1
79.9
105.4
88.7
79.5
*67.1 •58. 6 *78.1
60.4 *63.5
82.1 *70.3 *82.6
94.2
*82.5
71.6
78.1
106. 9 90.2
May
•81.5
78.4
103.9
84.3
77.5
*64. 9 *56. 9 *75.1
57.8 •59.1
78.7 *66. 5
92.2
86.7
June
*81.1
70.9
76.0
104.0
79.6
76.6
102.2
84.1
74.7
44.5
53.5
71.7 *61.9
July.
90.9
85.2 *60. 5 *49.9 *73.9
78.8
67.5
67.4
101.0
79.4
76.4
99.6
83.3
74.9
41.2
August
53.0
69.5 *58. 8
94.1
67.4
97.4
82.0 *62. 2
79.6
66.2
49. 9 *77. 9
74.0
75.9
95.9
80.3
75.4
September
47.3
54.2
65.5 •56.1
88.3
79.7 *58.0 *45. 5 *74.0
75.9
64.4
68.1
94.4
*76.8
76.2
92.6
79.4
77.2
October
73.2
92.7
58.5
57.8
69.1 *58. 3
95.0
78.7 *61.0 *46. 4 *79. 6
*78.4
62.9
76.8
77.1
93.9
78.1
78.2
November
61.3
73.8
93 8
59.1
70.6 •58.1
92.5
77.9 *59. 5 *46. 1 •76. 6
76.9
62.3
79.0
78.4
98.9
80.7
79.2
December
73.5
97.8
63.9
61.8
77.6 *66.0
92.8
80.2 *63. 2 *50. 4 *79.5
78.1
64.4
56.9
71.6 *63. 7
84.1 *61.9 *50.3 *76.8 *56.0
*78.8
65.9 *92.7
96.8
74.9
Monthly average
76.1
1935
79
79.2
64,2 *52. 5
102.9
76.2 *69.4
80.6
83.1
58.7
84.6
58.1
99.6
*92. 3 78.3
72.3
66.2
January
80.6
*69.1 *58. 6 * ' ?
104.2
85.2 •71.9
82,0
63.7
66.8
84.2
85.0
81.6
69. 4 *94.1
81.3
February
76.8
105.4
81.4
104.4
89.7 *70.6
82.6
65.0
69.6
84.5 *70. 7 *60. 5 *83.&
85.8
83.0
71.0
94.9
82.5
March
79.0
108. 4
82.4
106.1
88.0 •71.2
82.4
64.7
69.3
83.6 *70.8 *61.8 *82.3
83.4
83.4
71.8
94.1
82.5
April
78.7
109.1
83.3
*68. 5
105.4
83.3 *66. 5
81.3
60.2 *79.1
63.7
68.0
82.4
81.1
82.9
71.4
91.7
81.2
May
78.3
106.9
82.8
*66. 4 *57. 6
102.4
77.6 *64.9
80.0
62.9
64.6
80.9
78.8
81.8
69.7 *90.4
79.7
June
76.2
102.5
82.2
101.6
73.9 *61.3 *80.4
59.9 | 58.3
78.3 *65. 3 *55. 6
77.4
80.2
69.4
90.6
79.6
July
74.6
100.4
83.7
69.6
104.2
82.3 *64. 3
81.7
59.0 *83. 2 | 64.7 I 65.8
79.1
80.4
82.0
70.5 *94.0
81.8
August
75.5
101.9
87.4
72. 1
107.9
89.8
68.8
81.9
60.6
70.9 i 69.6
81.1
81.7
86.9
86.9 I
71.2
83.5
96.7
September
79.1
106.2
1
Computed by the U. S. Department of Labor, Bureau of Labor Statistics and represent a revision of the statistics for the period shown. These changes were occasioned
by a recheck of the figures in the groups entitled, "Aluminum manufactures," "Stamped and enameled ware," and "Kubber boots and shoes." This recheck disclosed certain
mechanical errors which resulted in changes being made in the above-mentioned industry series. The industry changes caused revisions in the industry group indexes, the
durable and nondurable groups and the general or combined indexes of employment and pay rolls. With the revisions being made in the indexes of the U. S. Department




17

SURVEY OF CURRENT BUSINESS

January 1936

WEEKLY BUSINESS INDICATORS'
[Weekly average, 1923-25 = 100]
1935
1934
Dec. Dec. Dec. Dec. INov. Nov. Dec. Dec.
28
21 14
7
30 23 29 22

1935
1934
1933
Dec. iDec. Dec. Dec. Nov.iNov. Dec. Dec. Dec. Dec.
28 21 14
7
30 23
30
23
29 22

Finance—Continued.
Banking:
Debits outside N . Y.
C!
Federal Reserve reporting member
banks :§
Loans, total
80.4 80.8 80.9 80.8 80.6 77.1 76. 70.8 7 .4
80.6
Interest rates:
78.4 77.3 79.2 78.1 78.5 78.2 72.6 71.2 56.0 54.8
Call loans!
85.3 85.3 85.8 86.4 85.9 85.8 76.3 75.4 62.5 61.6
Time loans!
78.8 78.8 78.9 78.9 79.0 79.0 78.1 78.2 77.6 77.6
Money in circulation!.
Production:
A utomobiles
84.1 84. 4 84.0 84.6 84.5 84.3 78.7 78.4 71.8 71.4
Bituminous coal!
65. 2| 65. 2 65.2 65.2 65.21 65.2 63.8 63.8 58.0 57.2
43.8 43.8 44.1 44. 44. 9 i 45.2 47.4 47.1 37.9 37.9
Electric powerf
71.8
60. 21 45. 31 24.0 26.0 34. 41 53.2
Lumber
64.2
Petroleum
59.5! 67.41 44.4 57.2 47. 4| 55.4
Steel ingots
i
Receipts, primary mar109.9
107.8
61.
kets:
Cattle and calves
44.0 52.8 59.5 51.8 56.3 48. 2j 50. 91 53.8 56.3 61.4
Hogs
Cotton
109. 109.2 109. L09. 3 108.8 108. 3jlO6. 3(106.4 93.7 92.6
Wheat
114.3| 113. 31115.1 116.8 116. 4 118. 5! 87. 4| 86.1 86.8 85.5
f Weekly average, 1928 = 100.
*Computed normal = 100.
^Latest week is preliminary.
• D a t a do not cover calendar weeks in all cases.

Business activity:
New York Times*
Business Week*!
Commodity prices, wholesale:
Dept. of Labor, 1926=
100:
Combined index (784).
Farm products (67)..
Food (122)
All other (595)
Fisher's Index, 1926 =
100:
Combined index (120).
Copper, electrolytic!
Cotton, middling, spot-.
Construction contracts!...
Distribution: Carloadings.
Employment: D e t r o i t ,
factory
Finance:
Failures, commercial
Security prices:
Bond prices!
S tock prices!

94.6 83.3 83.8
96.7 95.8 94.6
75.2 74.6 74.5 71.4 69.1 63.1 62.1

77.3
68.6

1933

69.2

87.3 92.6 76.2 81.9

93.4 100.6 80.1

65.3 65.3 65.2 64.0 65.0

71.5

18.2 18.2 18.2 18.2 18.2 18.2 24.2 24 2 24.2 24.2
22.9
22.9 22.9 20.1 20". 28.6 24.7
22.9
122. 8 121. 120. 120. (:119.6 118.6 115.5 115.4 120.3 120.6
65.5J 18.2 30.3
81.7! 77.6 72.0
107.3 92.4 99.5
26.2! 24.7 26.5
116. 3 i 102. 7109. 9
48.7 39.5 43.4

93.5 135.8 128.6
79.0
119. 0
110. 9
43.0 50.0
137. 7
135. 0
64.5

121. 9 109. 3 124. 2 71.2
79.8 75.0
118. 2 112.7 117.2 99.0
48.3 21.2
51.6
133. 7 135.4 136.3 117.2
73.7 72.4 51.3

53.51 83.4 94.4
38. 01 46.1 49.2
130.0 131.5 115.4
22.1 30.0 27.5

100.7
100.2 56.5
53.1 35.3 29. 91 33.9 68. 1
136.5 136. 2 146.2 61.9
38.9 35.8 36.21 14.6 19.0

44.6
60. 6
89.6
27.6

60.6
91. 4
98.1
42.3

!Daily average.

WEEKLY BUSINESS STATISTICS0
Dec. 28

C O M M O D I T Y PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb_
Cotton, middling, spot, New York
dol. p e r l b . .
Food index (Bradstreet's)
dol. p e r l b . .
Iron and steel composite
dol. per ton..
Wheat, No. 2, hard winter (K. C.)
dol. per bu_.
FINANCE
Banking:
Debits, New York City
mills, of dol_.
Debits, outside of New York City...mills, of doL.
Federal Reserve banks:
Reserve bank credit, total
mills, of dol_.
Bills bought
mills, of doL.
Bills discounted
mills, of doL.
U. S. Government securities
mills, of doL.
Member bankreserve balances
mills, of doL.
Excess reserves, estimated
mills, of doL.
Federal Reserve reporting member banks:§
Deposits, net demand, adjusted
mills, of doL.
Deposits, time
mills, of dol..
Investments, total
mills, of doL.
U. S. Government direct obligations
mills, of doL.
Obligations fully guaranteed by U. S. Government
.
mills, of doL.
Loans, total
mills, of doL.
On securities
mills, of doL
All other
mills, of doL.
Interest rates, call loans
percent-.
Interest rates, time loans
percent _.
Exchange rates:
French franc (daily av.)
cents,.
Pound sterling (daily av.)
dollars,.
Failures, commercial
number..
Money in circulation
mills, of doL
Security markets:
Bond sales (N. Y. S. I?.)..thous. of dol. par value..
Bond prices, 40 corporate issues
dollars..
Stock sales (AT. Y. S. E.)
thous. of shares..
Stock prices (N. Y. Times)
dol. per share..
Stock prices (Standard Statistics)
1926 = 100..
Industrial (351)
1926 = 100..
Public utilities (37)
1926 = 100..
Railroad (33)
1926=100..

PRODUCTION, CONSTRUCTION, AND

DISTRIBUTION
Production:
Automobiles (Cram's estimate)
number..
Bituminous coal (daily av.)-thous. of short tons..
Electric power
mills, of kw.-hr..
Petroleum
thous. of bbl_.
Steel ingots (Dow-Jones' estimate)
pet. of capacity..
Construction-contract awards (da. av.)
thous. of doL.
Distribution:
Freight-car loadings, total
cars..
Coal and coke
cars..
Forest products
cars..
Grain and products
cars..
Livestock
cars,.
Merchandise, 1. c. 1
cars..
Ore
cars..
Miscellaneous
cars..
Receipts:
Cattle and calves
thousands..
Hogs
thousands..
Cotton into sight
thous. of bales..
Wheat, at primary markets
thous. of b u . .

0.090
.119

Dec. 21 I Dec. 14

Dec. 7 i Nov. 30

N o v . 23 I Dec. 29

Dec. 22 I Dec. 30

Dec. 23

0.088
.128
2.47
32.46
1.03

0.080
.103
1.92
31.07
.81

0.079
.103
1.87
31.07
.79

0.048
.061
1.64
28. 26
.40

2,367
2,538
2, 674
111
111
2, 432
2, 675
815

3,125
3,208

2,315
2, 269

2,470
6
9
2,430
3,961
1,678

4, 320
3, 797
2,477
6
9
2, 430
3,943
1,646

2. 686
113
115
2,432
2,636
788

2,168
33
267
1,851
2,482
554

13,819
4,872
12, 488

11,419
4,781
11,421

11,437
4,769
11, 393

11, 383
4, 790
8,716

11,189
4,801
8, 693

11,758
5,656
8,507

8,301

8, 333

7,776

7,762

5,602

5,629

5,207

1,137
8,152
3.108
5,044
.75
1.00

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

623
8,123
3,186
4,937
1.00
.88

621
8, 215
3,221
4, 994
1.00
.88

8, 934
3. 831
5,103
1.00
1.25

8,987
3,801
5,186
1.00
1.08

10, 297
4,315
5,982
1.00
.55

6.592
4.93
211
5,854

6.584
4.94
229
5,810

6. 585
4.93
196
5, 757

6. 605
4.94
207
5,609

6.601
4.94
219
5,604

6.138
5.12
229
5,840

6.125
5.11
250
5, 855

3.902
3.33
485
5,704

63,540
98.11
11,672
111.78
95.9
109.8
92.9
41.9

85, 690
97.92
12, 357
113. 40
95.9
109.6
92.5
43.0

67, 930
97. 40
10, 405
113.02
95.1
108.7
92.8
40.9

94, 320
96. 95
18,913
115.05
95.5
110.0
92.1
38.6

50, 590
95. 21
5,533
84.86
68.1
79.7
55.2
34.7

69, 572
95.24
5,004
83.65
68.1
79.1
57.0
35.1

61, 300
83.94
7,733
84.25
68.8
77.5
63. 9
39.4

59, 500
82.91
8,716
83. 06
68.1
76.2
64.9
39.5

59, 816
77.15
5, 576
54.82
45.7
42.9
78. 2
24.2

1,363
1,983
2,869

98, 030
1,380
1,970
2,785

83, 358
1,483
1,877
2,820

94, 723
1, 359
1,953
2,840

54, 301
1,277
1,650
2,441

49, 966
1,391
1,788
2,423

13, 896
1,321
1,539
2,140

23,114
1,227
1,657
2,290

25, 598
1,160
1,415
1,698

33.31
1.13

0. 090
. 119
2.77
33.31
1.11

0. 090
.120
2. 79
33.32
1.10

0.090
. 122
2.79
33. 30
1.09

0.090
.122
2.79
33. 28
1. 13

0.090
.123
2.78
33. 17
1.14

0.088
.129
2.52
32. 46
1.03

3,273
3,608

4,654
4, 665

3,324
3,714

3, 845
4,199

3,787
4, 296
2,471
5
5
2, 430
5,782
3,070

2,526
2,946

2,470
5
5
2,430
5,905
3,180

3, 955
4, 048
2,472
5
6
2,430
5,789
3,060

2,523

2, 483
5

2,431
5,429
2,700

2,430
5,437
2,710

2, 474
5
6
2,430
6,040
3, 310

13, 785
4,883
12, 775

13, 843
4, 868
12,782

14, 092
4,856
12,360

13,911
4, 843
12, 362

14, 018
4,872
12, 480

8,616
1,131
8,164
3,200
4,964
.75
1.00

8, 643

8,216

8,221

1,129
8,188
3,204
4,984
. 75
1.00

1,136
8,161
3,186
4, 975
. 75
1.00

1,134
8,156
3,146
5,010
. 75
1.00

6. 586
4.92
179
5,963

6.604
4.93
215
5,914

6.603
4.93
242
5, 860

60, 250
98.20
9,235
111.03
95.1
109.5
90.7
40.3

66, 550
97. 81
8, 259
110. 01
94. 1
108.0
90.1
40.5

71,335
1,346
1,847
2,811

103, 600
1,398
2,002
2,850

49

54

Dec. 31

I

56

57

55

39

37

30

33

14

11,532

9, 671

7,276

4,001

4,181

5,516

8,540

3, 368

466, 679
126,134
17,066
19, 744
9,816
119, 514
3,251
171,154

599, 534
142, 363
29, 589
29,101
12,080
151,492
5,774
229,135

615, 237
140, 236
27, 469
29, 247
14,124
156, 439
5,921
241, 801

637,133
146, 602
29, 564
30, 996
15,134
158, 803
5, 696
250, 318

570, 427
128, 053
25, 954
30,162
13, 026
137,846
7,108
228, 278

646,503
140, 392
28, 570
33, 358
15, 408
161,091
10,133
257, 551

425, 404
114,233
11,810
17, 941
11,358
119, 478
2,196
148, 388

548,478
145, 700
20,009
24,855
15, 569
151,073
3,282
187, 990

454, 765
123, 327
11,807
20,403
11,705
124, 708
2,107
160, 708

531,464
130, 283
18, 143
24,512
14, 948
155, 622
3,740
184,216

405, 301
103, 296
9,445
21,982
13, 375
127,028.
1, 433:
128, 742

169
247
338
1,759

264
299
342
2,389

298
319
300
2,187

318
344
355
3,096

242
121
354
2,844

317
194
380
2,878

179
219
161
1,164

245
442
189
1,513

141
393
209
2,192

192
593
255
3,366

131
430
237
2,785

§ Figures cover 101 leading cities instead of 91 as heretofore.

38031—36
3


' Data do not cover calendar weeks in all cases.

SURVEY OF CURRENT BUSINESS

18

January 1936

Monthly Business Statistics
The following summary shows the trend of industrial, commercial, arid financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked with a n asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Note, however, that many revisions have occurred since the last Annual Supplement was published. A special
supplement was included in the April 1935 issue, pages 57 to 72, inclusive. This supplement gave
the monthly averages of all current series for t h e years 1932, 1933, and 1934.
Data subsequent to November will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935

1935

1934

Novem- Novem- Decem- January
ber
ber
ber

February

March

April

May

June

July

August

Se

P*! m " October
uer

BUSINESS INDEXES
!

BUSINESS ACTIVITY (Anna5ist)f
Combined index!
normal=100—
Automobile production!
normal=100..
Boot and shoe production!._.normal =100_.
Oarloadings, freight
normal=100—
Cement production
_normal = l00__
Cotton consumption
_ .normal = 100—
Electric power production-, .normal = 100-.
Lumber production !
normal = 100—
Pig-iron production.
_.normal=100._
Silk consumption
...normal = 100-..
Steel ingot production!
normal=100-_
Wool consumption!
normal=100-.
Zinc production
—normal = 100--

90 5
119.4
105. 9
66. 4
91.3
108.0
70.0
72.2
62. 5
80.9

a

71.5
46.4
99.2
58.9
42.3
86.0
93.6
64.8
33.3
60.8
43.4
93.9
68.0

77.4
89.0
110.7
63.1
43.9
84.3
97.8
55.2
37.2
74.6
58.0
100.7
67.3

83.6
104.3
124.2
66.2
37.9
97.0
98.5
56.3
52.3
67.1
70.0
126.8
64.6

83.3
100.7
118.2
67.3
39.8
90.1
99.3
63.9
58.1
68.2
69.3
101.0
65.9

81.5
102.1
116.8
60.8
43.1
82.5
98.8
60.0
54.4
70.1
62.3
102.7
64.6

80.6
98.7
117.1
83.4
47.6
78.9
98.7
61.6
50.9
68.3
58.8
129.7
67.2

79.3
75.8
116.5
61.5
49.4
81.7
99.3
45.8
51.5
00.7
58.6
154.4
05.0

79.5
83.6
101.2
63.1
52.1
74.8
102.2
52.5
49.3
61.8
57.1
125.3
70.6

80.7
83.5
113.1
58.4
45.9
80.7
103.5
64.1
50.0
64.0
58.3
140.0
71.9

32.7
60.1
« 108. 5
60.8
40.4
78.1
« 105.9
73.9
57.8
04.9
72.9
139.7
71.3

°83. 6
40.8
« 112.8
02.5
43.0
87.4
a
105.1
80.8
61.8
74.5
77.0
125.9
69.5

87 4
79.8
« 112.6
65.8
45.7
" 96. 4
« 104. 9
77.8
60. 5
75.0
°77. 0
151.9
68.7

74
73
26
47
108
79
45
88
25

78
76
48
35
103
105
57
89
26

88
87
86
25
90
155
77
99
29

91
91
111
27
79
179
84
110
29

91
91
130
34
75
199
81
111

89
91
141
50
76
205
74
111

87
87
108
65
78
109
72
104

86
84
114
71
73
165
66
99

83
83
100
63
74
108
04
106

"87
69
57
74
169
79
115

* 90
89
29
59
81
181
83
118

"97
-96
78
59
86
193
85
« 114

156
80
12
91
128
84
65
73
11
57
120
38
77
75
74
40
48
102
83
49
92
26

155
92
14
92
115
85
71

156
110
48
105
121
92
72
85

153
102
69
100
124
90
45
87

153
103
88
100
127
79
72
51

49
126
50
75
91
90
104
42
91
174
80
107
33

52
129
70
79
89
88
103
45
81
166
80
108
30

56
130
55
78
88
86
106
47
77
183
72
108

67
130
49
78
86
86
110
51
80
185
67
113

166
95
27
95
150
97
85
71
105
56
138
46
76
86
84
100
58
74
162
66
103

167
81
22
97
152
84
51
50
102
57
137
62
74
86
86
95
52
74
169
69
107

173

60
120
54
76
86
85
88
45
102
140
65
104
29

100
90
71
101
136
88
71
60
80
62
132
50
73
85
84
86
55
78
155
66
113

169

76

151
106
19
108
128
91
82
82

51
99
139
85
36
57
109
57
136
59
76
87
«88
64
44
«78
167
81
104

64
106
143
92
65
61
119
56
139
68
79
°90

155
107
14
87
125
81
64
65
14
55
121
35
77

154
133
18
97
143
90
72
72

151
115
27
103
136
94
76
74

155
101
68
100
133
96
67
81

153
93
89
98
130
97
64
87

153
88
91
98
138
87
69
60

50
132
65
74

55
132
50
73

58
130
49
75 |

108
83
15
105
140
84
62
55
50
59
134
73
80

172

48
131
50
71

166
79
21
100
138
98
97
79
53
65
133
47
79

169

60
123
53
74

100
75
56
102
134
89
71
09
53
03
131
51
73

35
104
130
81
30
58
54
60
133
59
82

64
100
129
87
65
58
62
59
135
71
83

INDUSTRIAL PRODUCTION (F. R. B.)
Total, unadjusted
1923-25=100—
Manufactures, unadjusted...1923-25= 100—
Automobiles!
1923-25= 100—
Cement
1935-25=100-.
Food products
.1923-25=100 .
Glass plate
1923-25=100-Iron and steelf
1923-25 = 100Leather and shoes!
—.1923-25=100—
Lumber
1923-25 = 100
Pnr»pr and nrintine
1923 25 —100
Petroleum refining
1923-25=100. _
Rubber tires and tubes
1923-25=100..
Shipbuilding
—1923-25=100—
Textiles
1923-25=100Tobacco manufactures
1923-25= 100—
Minerals nnadiusted
1923-25=100
Anthracite
.1923-25=100
Bituminous coal
..
1923-25= iOO
Iron ore shipments
1923-25=100
Lead
— 1923-25=100Petroleum crude
1923-25=100
Silver
1923-25=100Zinc
1923-25=100
Total, adjusted
1923-25=100..
Manufactures, adjusted
1923-25= 100Automobiles!
-- 1923-25=100
Cement
1923-25 = 100 .
Food products
1923-25 = 100
Glass, plate
.1923-25=100-.
Iron and steelt
1923-25= 100
Leather and shoes!
. — 1923-25=100Lumber
1923-25 = 100Paper and printing
1923-25=100
Petrolmim refining
1923-25 ~ 100
Rubber tires and tubes
1923-25 = 100
Shipbuilding
„ 1923-25=100..
Textiles
1923-25=100
Tobacco manufactures
1923-25=100. _
Minerals adjusted
1923-25=100
Anthracite
— 1923-25 = 100
Bituminous coal
1923-25 = 100..
Iron ore shipments
1923-25= 100..
Load
1923-25 = 100
Petroleum, crude
Silver
Zine--

-------1923-25 < 100.
=
1923-25=1001923-25=100.,

125
58
80
192
89
v 100

v 111
140
v 50
v 79
37
70
v 143
73
83
114
58
82
200
90
v 104

i

50
47
°70
179
84
103

176

a

116
148
100
62
105
70
141
74
78

0 93
52
83
193
°88
« 104
176

VI67"
137
v 92
P 48
v 71
44
07
p 145

83"

a

113
138
48
a 74
62
68
140
75
80

v
° Revised.
Preliminary.
t Revised series, refer to the indicated pages of the monthly issues for revisions; Annalist indexes complete, annually 1920-28, monthly January 1929-December 1932,
October 1933, p, 19; Annalist Indexes, combined, automobile and steel ingot production for 1933, August 1934, p. 22; Annalist indexes, boot and shoe production for 1934,
April 1935, p. 22; Annalist indexes, combined, automobile production and wool consumption revised for 1934, July 1935, p. 22; Annalist indexes, lumber production for 1934,
p. 22 of the September 1935 issue; Federal Reserve Board indexes, leather and shoe production, January 1919-October 1933, January 1934, p. 19; automobile and steel productf on for 1933, September 1934, p. 22.




19

SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey ber
ber
ber

1935
April

May

June

July

August Septem- October
ber

BUSINESS INDEXES—Continued
MARKETINGS
Agricultural products* (quantity)

1923-25-100Animal products
1923-25 •« 100
Dairy products
1923-25» 100Livestock
1923-25=* 100 Poultry and eggs
1923-25-100..
Wool
1923-25=100Crops
1923-25*= 100—
Cotton
1923-25= 100__
Fruits..
.—1923-25 = 100..
Grains
1923-25=100
Vegetables
1923-25=100..
Agricultural products, cash income received
from marketings of:*t
Crops and livestock:
Unadjusted
._
. . . 1924-29= 100..
Adjusted
1924-29=100
Crops, adjusted
1924-29=100__
Livestock and products, adjusted
1924-29 = 100. _
Dairy products, adjusted __ 1924-29=100__
Meat animals, adjusted
1924-29=100... _
Poultry and eggs, ad justed. 1924-29=100..

98

56
63
18
39
31
69
22
83

64
66
76
67
91
35
41
34
67
24
86

67
75
89
61
111
64
39
19
82
27
90

63
82
116
61
117
130
44
22
89
33
94

61
81
144
62
98
315
40
19
69
31
103

70
86
145
58
81
510
53
32
88
59
68

78
76
109
65
63
286
80
63
85
109
45

104
77
100
72
65
180
133
192
85
107
73

124
82
89
84
69
89
167
280
126
85
103

53.0
54.5
46.0

47.5
57.5
49.0

51.0
60,0
54.0

55.5
69.0
66.5

57.0
64.0
57.0

52.0
60.0
54.5

53.5
60.5
54.5

64.5
62. 5
54.5

75.5
63. 5
55.0

94. 0
67.0
58.0

59.5
73.5
49.5
63.5

64.0
77.5
58.5
61.0

66.0
80.5
59.5
65.5

66.0
75.0
63.5
66.0

72.0
81.5
67.5
74.0

71.5
77.5
67.5
78.0

66.5
73.0
59.5
77.5

67.0
71.5
61.5
77.5

70.5
71.0
73.0
68.0

72.5
74.0
70.5
77.5

«76. 5
73.0
«79. 0
79.0

181
107
114
100
117
96
81
160
71
113
152
123
200
121
202
107
269

159
106
116
100
118
95
79
163
48
113
160
117
198
116
207
93
263

143
105
115
86
118
95
83
163
66
113
162
118
170
107
162
87
239

134
105
122
80
117
96
80
161
71
113
162
115
155
98
140
90
226

126
103
122
75
116
96
80
156
67
113
158
117
142
92
125
93
208

119
101
117
69
114
98
81
151
60
113
157
119
132
87
114
90
195

113
102
116
72
113
101
80
149
62
114
162
121
121
84
99
95
179

110
105
117
83
113
102
79
155
63
114
168
127
114
81
93
101
168

110
107
117
90
114
101
79
159
72
113
170
107
113
78
102
90
155

115
106
114
89
113
105
78
155
70
112
165
103
121
79
120
92
157

127
106
120
87
114
107
79
148
63
114
162
99
141
98
136
96
186

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

229
363
174
354
200
294
148
72
190

229
371
171
352
186
295
145
66
196

224
342
163
358
208
291
140
71
190

222
342
150
361
215
310
142
94
171

222
338
162
361
205
306
153
93
161

223
336
151
363
211
320
162
80
162

219
334
158
356
201
295
155
80
166

213
332
148
375
211
275
151
69
163

205
350
136
391
177
259
147
63
172

209
357
147
384
179
246
139
64
174

P212

211

370
159
369
194
226
136
57
188

*>348

72
69
106
S3
119
202
66
66
71

89
93
86
91
105
81
84
134
74
38
76

73
84
78
81
102
36
62
86
66
33
64

78.0
66. 5
57.0

64.0
55. 5
45.5

56.0
56.0
62.5

76.5
75.0
75.5
90.0

66.5
75.0
56.5
77.5

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

50
60

59
74
88
75
66
34
43
42
67
23
78

77

STOCKS
Domestic stocks
1923-25= 100. _
Manufactured goods
_.1923-25=100._
Chemicals and allied prod.1923-25=100..
Food products
1923-25=100-.
Forest products
_ 1923-25= 100. _
Iron and steel Droducts
1923-25=100..
Leather
1923-25=100..
Metals, nonferrous
.1923-25= 100. _
Paper, newsprint
1923-25= 100. _
Rubber products
1923-25== 100_ _
Stone, clay, and glass
1923-25= 100. _
Textiles
.1923-25=100
Raw materials
1923-25= 100. .
Chemicals and allied p r o d . 1923-25=100..
Foodstun's
.1923-25-100
Metals
1923-25=100. _
Textile materials
. __ .1923-25= 100
World stocks—foodstuffs and raw materials:
Totalf
. . . 1923-25=100
Coffee—adj. for s e a s o n a l . . .1923-25= 100. _
Cotton—adj. for seasonal—.1923-25 =100. _
Rubber—adj. for seasonal!-1923-25 =100
Silk—adj. for seasonal
1923-25=100..
Sugar—adj. for seasonalf...1923-25=100
Tea—ad j . for seasonal.
_ 1923-25= 100
Tin—unadjusted
1923-25= 100. _
Wheat—adj. for seasonal
1923-25=100..

169

72

169
355
176
133
64
188

COMMODITY PRICES
|

COST OF LIVING (N. I. C. B.)
Total, all groups
1923=100Clothing
1923=100..
Food
1923=100..
Fuel and light
.1923=100Housing..
1923 = 100..
Sundries.
1923=100FABM PRICES (Dept. of Agri.)§t
Total, all groups
1909-14=100..
Chickens and eggs
1909-14=100Cotton and cottonseed
1909-14=100—
Dairy products
.
1909-14=100..
Fruits
1909-14=100Grains
1909-14 = 100..
Meat animals
1909-14 = 100..
Truck crops
.1909-14=100Miscellaneous
1909-14=100—

84.3
74.5
86.1
86.6
73.0
93.4

80.8
77.4
78.8
87.6
66.6
92.8

80.8
77.3
78.4
87.5
66.8
93.0

81.6
76.9
81.1
87.1
66.9
93.0

82.4
76.3
83.5
87.1
67.4
93.0

82.4
76.0
83.3
87.1
67.9
93.0

83.2
75.4
85.4
86.0
68.7
93.0

82.9
75.0
85.1
83.9
69.6
92.5

82.7
74.5
84.2
83.7
69.9
92.7

82.6
74.4
83.3
83.7
70.5
93.1

83.0
74.2
83.7
84.0
71.5
93.1

83.5
74.3
84.8
84.7
72.1
93.1

74.4
85.2
86.2
72.7
93.4

108
140
99
111
83
90
117
136
103

101
125
107
105
94
109
72
107
123

101
119
109
107
85
116
73
130
113

107
114
108
112
87
116
96
117
111

111
119
108
121
90
114
105
188
101

108
97
102
114
90
111
117
162
92

111
105
103
117
105
115
117
156
92

108
110
105
107
98
112
118
127
89

104
108
103
99
100
102
119
96
86

102
107
102
97
98
96
116
93
85

106
111
97
98
87
96
129
92
102

107
126
90
102
82
97
131
101
96

106
132
91
104
82
101
125
120
103

165

165

164

165

158
81.3

148
81.4

150
80.2

153

75.2

164
79.7

147

81.5
88.0

87.4

87.2

86.8

86.6

86.3

88.3

86.1

85.7

85.2

85.7

RETAIL PRICES
Department of Labor indexes:
Coal*.1913=100Food # t - ~
1923-25=100Fairchild's index:*
Combined index
__Dec. 1930=100—
Apparel:
Infants' wear___
-Dec. 1930=100..
Men's
Dec. 1930= 100Women's
- D e c . 1930= 100—
Home furnishings
Dec. 1930=100..
Piece goods
- D e c . 1930=100..

162
80.5
86.6

87.6

93.4
94.3
93.9
93.9
93.6
92.7
93.8
93.5
93.5
93.2
93.4
93.4
92.6
87.4
87.3
87.4
87.3
87.2
87.1
87.1
87.2
87.2
87.2
87.3
87.4
87.4
87.8
87.7
87.7
87.8
88.1
87.9
88.4
89.1
88.8
89.4
88.8
88.1
87.9
88.2
87.9
88.1
88.2
87.7
89.0
89.1
89.2
88.5
88.2
87.8
87,8
88.5
85.8
85.1
84.8
84.8
84 6
84.3
84.6
84.8
84.9
86.1
86.0
85.8
84.9
a
Revised.
p Preliminary.
• Now Series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products, p. 19 of the December 1932 i3sue, Fairchild price index, and
pp. 19 and 20 of the March 1933 issue, marketings.
§ Data for December 15, 1935: Total 110, chickens and eggs 135, cotton and cottonseed 98, dairy products 118, fruits 92, grains 89, meat animals 120, track crops 136, miscellaneous 108.
t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—revised total, rubber adjusted and sugar
adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from January 1933June 1935. For revisions see p. 19 of the Sept. 1935 issue.
• The data on retail prices of food until Aug. 15, 1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The
monthly figures for months subsequent to August 1933 represent the figure nearest to the 15th of the month.
Digitized for • Monthly retail prices of coal was discontinued with the month of August 1935. In the future the price will be shown quarterly.
FRASER
1 This series has been completely revised. Revised indexes for months not shown in the December 1935 issue have not yet been completed by the Department of Labor.
http://fraser.stlouisfed.org/ as soon as available.
They will be shown

Federal Reserve Bank of St. Louis

20

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemFebruin the 1932 Annual Supplement to the Survey ber
ber
aryber January

January 1936
1935

March

April

May

June

July

August Septem October
ber

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

80.6

76.5

76.9

78.8

79.5

79.4

80.1

80.2

79.8

79.4

80.5

82.7
77. 2
76.2
77.5
77.9
83.1
85. 1
81.1
63.2
9-1. 3
78. 8
85.8
88. 3
95.5
SI. 8
81.2
88.4
74. 7
67.5
74.5

79.5
73.1
71.0
72.0
91.5
57.2
75.3
79.6
62.4
69.0
78.0
85.1
91.2
93.9
81.2
77.8
82.2
73.4
65.3
73.7
93.1
89.3
49.8
85.1
97.2
67.4
71.8
81.2
78.2
84.2
85.9
85.6
67.5

80.8
76.6
71.2
77.6
88.8
73.3
79.9
83.5
62.8
81.6
77.7
84.9
91.1
93.9
79.9
79.3
84.5
73.1
66.5
72.9
89.9
87.6
48.8
86.2
97.1
71.1
74.3
81.2
78.2
84.3
85.8
85.7
67.6

81.5
77.4
71.7
79.1
87.4
78.4
82.7
87.0
63.6
87.9
77.4
85.0
90.6
93.9
80.5
80.4
86.5
73.1
66.2
72.5
90.3
87.7
48.7
86.0
97.2
69.6
74.6
80.7
77.2
84.1
85.8
86.1
67.2

81.7
76.6
71.8
78.3
82.8
85.8
81.9
82.9
63.2
91.6
77.3
84.9
90.2
94.4
79.9
81.5
88.1
73.0
66.3
73.0
88.3
88.6
49.8
85.4
97.2
66.6
74.2
80.7
77.3
84.1
85.7
86.0
67.1

82.3
77.5
72.3
80.4
87.9
85.9
84.5
84.9
67.3
94.3
77.2
84.6
89.7
94.9
79.9
81.0
87.2
73.8
66.0
72.8
87.8
88.0
51.0
86.3
97.2
71.2
74.9
80.7
77.1
84.2
85.9
86.0
68.2

82.4
77.6
73.5
80.6
83.2
87.6
84.1
77.7
66.3
97.0
77.6
84.8
89.3
94.9
79.8
81.2
87.5
74.2
65.9
73.1
88.7
92.0
52.2
88.3
97.2
76.1
79.6
80.6
77.1
84.1
86.6
86.6
69.2

82.2
76.4
73.9
78.3
76.9
84.8
82.8
74.6
68.7
94.5
78.0
85.3
89.2
94.9
81.6
80.7
86.3
74.3
65.7
74.2
90.2
95.2
53.2
88.9
97.3
78.0
80.5
80.5
77.1
83.9
86.9
87.1
69.1

82.0
75.8
72.8
77.1
78.3
82.8
82.1
74.0
65.1
93.3
78.0
85.2
89.1
94.9
81.7
78.7
84.6
74.0
65.7
74.7
87.8
94.0
52.9

95. 0
99.6
96.0
88.1
81.0
77.1
84.7
86.9
87.0
71.3

79.3
72.2
71.1
70.8
87.2
54.0
75.1
78.6
65.3
68.4
78.0
85.0
91.2
93.9
81.2
76.9
80.9
73.5
64.6
74 4
94.0
92.4
50.5
84.2
97.3
63.1
70.8
81.3
78.4
84.3
86.2
86.0
67.7

79.8
80.2
80.4
76.8
84.0
86.4
87.0
66.1

83.0
77.1
73.2
79.3
79.3
91.6
84.9
75. 7
60.5
102. 0
77.9
85.4
89.0
94.9
82.0
78.6
84.3
73.8
66.8
74.1
86.7
91.8
52.4
89.6
98.3
80.4
80.2
80.5
77.0
84.0
86.6
87.1
66.9

83.1
77.3
74.4
79.5
83.5
92.0
86. 1
76.0
60.0
102.9
77. 8
85.0
88.8
94.9
82.1 I
80.2
86.9
73.8
67. 2
73.0
87.5
91. 9
50. 6
90.9
98. 3
83.8
83.0
80.5
7G. 9
84.0
86.6
86.8
68.6

71.1
73.4
80.7
85.8
63.2
35.0
80.7
67.4
45.0
79.4

68.8
69.7
78.4
84.4
61.0
25.8
74.1
70.6
47.5
82.1

68.8
70.0
78.4
84.3
61.9
27.1
74.0
71.0
47.5
81.5

68.0
70.3
78.4
84.1
63.5
28.6
73.8
70.7
47.5
81.5

67.1
70.1
78.5
83.3
63.6
28.1
73.6
70.1
47.5
80.9

67.2
69.4
78.5
82.4
62.5
27.3
73.1
69.2
46.6
80.6

67.1
69.2
78.5
81.8
61.6
27.6
73.1
68.7
46.3
80.4

67.1
69.4
78.5
82.7
60.4
27.6
73.5
68.7
45.0
80.0

66.2
70.1
80.7
82.5
59.5
27.2
75.6
68.4
45.0
79.7

68.8
70.2
80.7
82.0
59.9
27.9
76.4
67.7
45.0
79.7

71.1
70.9
80.5
82.5
60.2
31.0
76.4
67.3
45.0
79.7

71. 1
71.8
80.8
83.2
61.6
32.9
76.9
67.1
45.0
79.7

80.5

71.9
90.2

73.5
91.8

75.7
93.7

75.8
93.7

74.8
91.4

75.8
93.4

76.7
92.4

76.2
90.7

76.8
90.9

77.5
90.6

78.8
94. 1

51.2
42.0
65.3
44.1
30.7
29.2
62.8
67.9
103. 2
54. 9

48.2
54.9
63.5
46.3
30.5
18.0
50.9
64.5
101.9
48.3

48.9
55.4
63.5
46.7
30.3
19.0
51.1
61.3
101.2
51.4

47.9
64.4
63.5
46.7
30.7
18.8
47.4
61.4
101.2
49.8

47.6
50.9
63.5
46.3
30.1
20.0
49.6
62.1
99.4
48.3

46.8
46.0
63.5
42.3
26.8
18.5
53.1
61.7
93.3
51.0

48.2
43.5
63.5
4a. 0
26.9
19.4
58.4
65.8
99.7
50.9

49.5
42.0
63.5
45.2
28.1
19.8
59.4
65.3
101.7
53.4

48.5
41.0
62.4
43.8
29.3
19.2
60.3
61.0
101.6
50.2

48.5
40.5
56.3
44.9
28.3
20.2
58.6
65.1
104.0
51.2

48.8
40.0
57.7
42.3
28.0
23.8
59.6
66.3
100.3
54.7

50.3
42.5
61.5
. 39.7
26.9
26.1
64.8
77.1
97.6
58.0

125.0
122.7
136. 1
120.8

131.6
133.0
145.6
125.9

13Q.9

127.7

126.6
132.5
123.6

125.8
123.0
132.5
122.4

125.6
122.9
136.1
122.9

126.9
124.7
144.1
123.3

125.2

137.4
124.7

126.9
125.5
136.1
123.6

126.3

145.6
125.9

80.7

PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
Retail food prices K-—
F a r m prices f
Cost of living

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

141.4
123.2

138.7
122.7

137. 4
122.0

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F. R. B.:%
52
32
Total, unadjusted
1923-25=100-.
22
39
28
25
24
26
30
44
35
40
Residential
1923-25=100-.
26
22
11
13
25
26
25
10
10
16
24
25
Total. adjusted„
1923-25 -100..
60
31
31
27
28
26
27
27
30
35
38
43
Residential
1923-25=100. _
27
11
21
16
12
12
18
24
25
14
24
25
F. W. Dodge Corporation (37 States):*
Total, all types:
9, 256
8,929
10, 570
10, 499
7,503
6, 458
6,135
10, 450
10,930
Projects
number. .
5,770
9,978
10,655
Valuation
thous. of dol_. 188,115 111, 692 92, 685 99, 774
75, 047 122, 941 124,020 126, 720 148,005 159,250 168,557 167, 376
Nonresidential buildings: f
2, 753
2,695
3,177
2,526
2,169
2,349
3,103
3,388
Projects
number. .
3,059
3,325
2,778
3,307
Floor space.-.
thous. of sq. ft-. 11, 680
7,255
4,934
5,622
4,985
6,994
7,774
9,073
9,075
8,288
9,632
8,602
Valuation
thous. of dol.. 68, 080
39, 440
28,067
32,958
30,613
44, 477
41,328
50, 433
59,036
56, 969
58,489
49, 420
• Revised.
• New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World prices, p. 20, September 1932; Purchasing
Power of the Dollar (except for farm prices), p. 18, August 1933.
t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.
Farm prices (purchasing power) are on p 20 of the April 1935 issue.
A A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August
1934 issue and for 1934 on p . 19 of the October 1935 issue.
t Tndexes are based on 3-month moving average of F. W. Dodge data centered at second month.
f See footnote on p. 19 marked "f "'•




21

SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey Novem- Novem- Decem- January Februber
ber
ber
ary

1935

March

April

May

June

July

August Septem- October
ber

CONSTRUCTION AND REAL. ESTATE—Continued
CONSTRUCTION CONTRACTS
A WARDED—Continued
F. W. Dodge Corporation (37 States)—Con.
Public utilities:*
207
Projects
number252
165
156
10, 694
Valuation
thous. of dol.
12,911
8,496
8,707
Public works:#
1, 540
Projects
number..
945
1,210
876
Valuation
thous. of doL. 69, 645
43,847 37,156 35, 699
Residential buildings:
4,756
Projects
number,.
3,346
2,491
2,900
Floor space
thous. of sq. ft-. 12. 253
5,314
4,048
5,528
Valuation
thous. of doL. 39, 695
19, 910 14, 551 22, 410
Engineering construction :^
Total contracts awarded (E. N. R.)
thous. of doL. 154. 973 134,148 101,419 148, 264

122
3,885
700
23,933

161
6,475

158
7,319

132
5,419

138
9,146

199
13,826

182
4,422

176
12, 493

223
11,198

933
39, 779

926
33,170

923
25,967

1,087
29,991

1,050
40,083

1,358
65,118

1,422
63, 653

1,614
75,117

2,964
4,569
16, 617

4,732
8,809
32,209

11,925
42,203

6,267
13,136
44,902

6,166
13, 702
49,833

6,356
13,115
48,372

11,753
40, 528

5,602
12,152
41,811

6,230
16, 764
55,100

68,089

90,958

116,972

122,827

110,161

86,873

158,057

114, 840

182, 631

HIGHWAY CONSTRUCTION
Concrete-pavement contract awards:
Total
thous. of sq. yd_.
Roads only
thous. of sq. yd..
Highways:
Approved for construction (N. I. R. A.):*
Mileage
number of miles..
Public works funds allotted.thous. of doL.
Under construction (N. I. R. A.):*
Estimated total cost
thous. of doL,
Public works funds allotted-thous. of doL.
Federal aid funds allotted-thous. of doL.
Mileage
number of miles..

4,496
3, 327

3,619
3,101

6,301
4,336

3,271
2,356

2,331
1,683

2,541
1,978

1,706
826

2,250
1,111

2,129
1,508

3,303
2,381

3,052
2,395

4, 663
3,766

6,816
5,888

290
2,892
8,740 46,851
88, 776 156,599
80,810 139,017
1,189
5,399
2,968
7,280

3,320
58,065

3,367
87,573

3,561
59,385

3,193
51, 509

2,643
40,622

1,889
33,480

1,427
26,004

876
20,048

559
14,221

402
11,984

295
10,100

147,807
131,388
4,714
6,911

145,639
130,660
4,146
6,836

155,448
140,060
4,031
7,166

170, 756 187, 675 191,522
154,988 171,294 175,478
4,110
4,103
4,093
9,121
7,916
8,804

185,044
168,816
3,815
8,530

170,846 149,047
155, 739 136,399
2,334
3,261
6,386
7,881

126,211
114,867
2,020
5, 031

102, 246
92, 885
1,328
3,706

173

158
181

158
180

158
180

158
179

158
178

158
178

157
177

157
175

157
175

174

173

194.9

201.4

201.8

198.7

196.0

194.5

194.1

194.8

195.2

195.1

195.1

CONSTRUCTION COSTS
Building costs—all types {American Appraisal Co.)*
1913=100..
Building costs—all types (A.O. C.) A913=100..
Building costs—all types (E. N. i?.)§
1913=100..
Building costs—factory (Aberthaw)
1914=100..

177

158
178
194.3

177

177

177

MISCELLANEOUS DATA
Fire losses, United States
thous. of doL.
Foreclosures • •
number..
Real astate:
Home loan bank, loans outstanding*%
thous. of doL.
Home Owners' Loan Corp.:*
Applications received—
.number..
Loans closed:
Number
..
._„.
Amount

20, 872
12,886
97, 089

14, 553

19,294
15,835

18,137
14,964

16, 642
14, 470

19, 786
14, 398

75,836

79,233

80,877

86,025

90, 432

95, 595

2,914

140,795

13, 593
41. 236

13,142
40,558

13,413
41, 570

14,623
44, 775

12, 892
41,181

> 16, 259
» 49, 883

23,896
17,736

23,431
18,055

25,082
15,455

24,943
17,943

23,268
17,441

21, 238
17,441

87,714

87,258

82, 585

77,142

72, 616

74,011

* 13,913

thous. of doL. 44, 647

18(500
17,249

20,114
16,940

54,468 54,036
170. 545 189,018

54,990
166,836

36, 542
104,920

23,140
70,6«4

13,807
39,475

DOMESTIC TRADE
ADVERTISING
Printers Ink indexes (adjusted for seasonal
variation) :*
79.4
76.6
83.2
75.6
79.0
78.7
79.8
74.7
74.8
74.9
80.2
79.0
81.6
Combined index.._
1928-32=100..
61. 5
58.8
65.5
69.8
57 7
64 6
63.9
48.6
56.1
45.5
51.8
62 6
52.1
Farm papers
1928-32=100
74.4
Magazines
.1928-32=100..
78.4
77.1
73.4
77.9
75! 1
78.8
80.1
77.8
77.7
81.'0
80.9
81.'8
77. 9
77.2
78.6
78.7
80. 4
76.1
77. 0
75. 3
75. 4
73. 5
73. 2
82. 9
Newspapers
1928-32=100
52.4
63.4
48.2
Outdoor
1928-32=100
59*5
58.9
62.9
61.2
39.1
63.2
46.9
48.9
59.4
58^0
188.2
182.5
Radio
1928-32=100..
185.2
184.5
186.3
177.2
176.9
181.5
182.1
179.6
168.1
189.5
169.8
Radio broadcasting:
4,849
3,250
4,289
3,979
3,448
3,119
2,900
4,822
4,451
4,646
4,412
4,534
• 4, 366
Cost of facilities, total
thous. of dol..
244
722
275
215
186
363
380
312
398
408
400
333
-302
Automotive
thous. of doL.
967
1,351
1,096
1,450
1,298
1,196
1,097
1,607
1,513
1,610
1,552
1,378
«1, 472
Drugs and toilet goods
thous. of doL.
911
912
897
876
1,193
1,079
1,139
1,300
1,279
1,303
1,197
1.123
•1,247
Foods
thous. of doL.
302
382
289
384
313
311
273
325
272
281
216
262
282
Petroleum products.
thous. of dol._
184
370
284
188
183
306
321
293
357
302
319
280
336
Tobacco manufactures
thous. of dol..
413
387
500
893
829
929
809
730
791
720
671
680
518
All other*
thous. of dol..
Magazine advertising:
10, 245
8,852
12, 754
12,142
11,004
7,798
7,074
11,973
8,938
6,530
9,646
10,334
Cost, total
thous. of doL. 11, 747
832
829
362
686
855
573
1,678
1,641
1,555
1,005
1,023
1,462
1, 684
Automotive
thous of dol
1,616
1,454
1,464
1,452
2,503
1,819
Drugs and toilet goods
thous. of doL.
1,957
2,185
2,598
2,203
2,310
2,017
2,436
1, 296
1,690
1,380
1,100
1,680
1,636
1,556
1,827
1,733
2,025
1,636
1,072
1,986
Foods
thous. of dol
292
284
220
192
344
226
263
252
180
Petroleum products
thous. of dol._
329
158
103
368
526
563
484
525
489
595
532
621
681
406
559
497
539
Tobacco manufactures
thous. of doL.
4,523
5,197
2,941
2,719
6,011
5,862
4,938
3,768
5,333
4,401
2,668
5, 052
4,676
All other*..
thous. of dol._
i, 812
2,181
1,831
1,497
2,700
2,618
2.335
2,014
2,276
2,136
1,581
2,201
2,317
Lineage, totalf
thous. of lines..
• Revised.
* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue N. I. R. A. highway work started in September 1933,
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. Home Owners' Loan Corporation data from September
1933 to April 1934 will be shown in a subsequent issue. Total ioans closed to Nov. 30, 1935, $2,882,733,143. Printer's Ink indexes from January 1922 to May 1934 appear
on p. 19 of July 1935 issue. Data prior to May 1934 on "all other" radio and magazine advertising not published. See special note below on foreclosures.
t Revised series. See p. 20 of the October 1933 issue, magazine lineage.
§ Index as of Dec. 1, 1935, 194.9.
• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States;
having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,
209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the
figures for these months are from a slightly different number of communities
> Receipt of applications stopped on Nov. 13, 1934, and was not resumed until May 28, 1935.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
1 Months of November 1934 and January, May, August, and October 1935 include 5 weeks; other months include 4 weeks.
Digitized for % For the period October 1933-February 1935, inter-bank loans are included.
FRASER



22

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1831, 1935
together with explanatory footnotes and reference £ to the sources of the data, may be found Novem- Novem- DecemFebruli the 1932 Annual Supplement to the Survey
ber
ber January ary
ber

January 1936
1935

March

April

May

June

115,854
20, 174
95,680
8,978
1,614
20.504
64, 584

102, 210
20,061
82,149
8,426
1,642
18, 042
54,038

July

August Septem- October
ber
ber

DOMESTIC TRADE—Continued
ADVERTISING—Continued
Newspaper advertising: #
Lineage, total (52 cities) _. .thous. of lines...
Classified
thous, of lines...
Display
..thous. of lines..
Automotive
.thous. of lines. ~
Financial
thous. of lines-.
General.-.
thous. of lines._
Retail
thous of lines...

117, 704
19, 753
97,952
7, 677
2, 098
20, 930
67,198

85, 430
15,323
70,108
4, 183
1,450
10, 939
47, 535

110, 067
19, 490
90, 577
5, 560
2,052
20, 215
62, 751

112. 803
19, 844
92, 960
7,467
1,894
20, 313
63, 286

106, 999
17,414
89, 585
3, 592
1,285
19, 095
65, 614

105, 669
17, 389
88, 280
3, 920
1, 432
13, 482
69, 446

65.7

67.1

66.3

65.2

64.5

63.6

2.092 I

2,106

2,608

2,159

2. 356

2,318

581, 405

508,804

528,398

88, 055
15. 781
72, 274
6, 260
2,083
14,989
48,942

|
i
!
!

87, 363
18, 299
69, 064
6, 415
1, 926
16, 862
43 861

89, 997
19, 266
70, 731
5,281
1,280
14. 459
49, 712

101, 347
20,155
81,192
2,910
1, 454
16, 629
60, 200

>3.0

63.1

62.8

2,179

2,142

2,057

1,994

680,749 ! 677,232

728,600

761, 385

732, 875

3.714
35,237

3,552
33,807

3 512
34 607

3,428
33,812

3.359
33, 417

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

GOODS IN WAREHOUSES
Space occupied, public merchandise in warehouses
percent of total..

63.1

62.3

NEW I N C O R P O R A T I O N S
Business incorporations (4 States)..number..

2,32

2,272

POSTAL BUSINESS
Airmail, pound mile performance*
thous. of lb.._
Money orders:
Domestic, issued (50 cities):
Number
_ ______.,__.... _.,-,-. thousands...
Value
__.
_.„__..thous. of doL..
Domestic, paid (50 cities):
Number.
„ thousands...
Value
.
„ thous. of doi._
Foreign, issued—value
thous. of dol...
Receipts, postal^
i
60 selected cities—....thous. of dol.J
50 industrial cities...
....thous. of cloL.j

516,205

3,740
35,890
12,561
99,403
27, 580
2,976

4, 394
34,306 (
12,049 I
102,390 !
2, 267
25,825
2, 825

3,780 I
3, 625
4,040
36,429 | 33,812
38,328
13,142
10,777
11,916
82, 717
101,699 90, 710
2,148
5,567
2,217
33,164
3,930

25,827
3,112

24,118
2,907

643,044 | 632,507
3,911 !

3,805

36834 i 36,700
36,834

3, 809
37, 327

12, 822
95,674
2,579

12, 444
94. 393
2,415

12,177
77
92,975 !
75
2,149

12,023
87,441
2,238

11 358
89,525
2, 052

11,071
88,997
2, 479

13, 1
10, 915
88, 703 1 10S 631
905
o 038
2, 416

27, 313
3, 049

26, 775
3,110

27,365 I
3?222 ;

24,679
2,829

23,123
2,866

24,162
2, 901

25,035
% 815 1

29 354
3 292

RETAIL TRADE
Automobiles:*
New passenger car sales:
104.9 I
Unadjusted.
1929-31= 100.
89.1
80.2
100.2
116. 7
50.1
96. 9
98. 4
51.5
39,2
27.7
72.7
* 53. 3
94. 5
70.0
Adjusted
.
__._.1929-31 = 100_
114. 0
81.0
63.0
75.0
78. 5 1
49.0
88.5
a 75.0
78.5
79. 0
« 82. 0
Chain-store sales:
Chain Store Age index;*!
Combined index (18 companies)!
92
av. same month 1929-31 = 100.
96
100
96
100
92
98
93
94
90
100
Apparel index (3 companies)!
av. same month 1929-31 = 100_
101
107
110
105
95
96 j
101
102
99
108
Grocery (5 companies)!
89
90
94
av. same month 1929-31«100.
89
93
88 |
91
86
85
86
92
Five-and-ten (variety) stores:*
92.9
86.1
82.0
93.4
86.0
Unadjusted
....
1929-31 = 100_
78.1
79.3 !
S7 7
67.2
75.8
92.9 ! 163.9 I
95. 1
90.6
92.1
Adjusted...
_____.1929-31 = 100_
86.0
92.0
93.0
89.6
9LS
90.2
91.5 I 88.9
90.8 i
H. L. Green Co., Inc.:*
2.384
2,229 i 2,049
2,157
2, 088
2.476
2,158
2, 684
Sales
_.___.-thous. of dol.
1,609 !
2,289 I 4,446
1,557
132
132
131 j
137
132
133
134
Stores operated
_
number. _|
129
134
130 i
130
128 i
128
S. S. Kresge Co.:
11,048 j 10, 004 10, 758 10,148
10, 872
.14S
11,518
Sales
.
_...thous. of dol..
10,328
12, 269
11,285
21,213
8,488
11.925
8,975
734
736 !
734
735
735
737
Stores operated
number.
744
731
731
'737 |
732
732
S. H. Kress & Co.:
5, 700
6,441
5,884
5,946
6,138 j
5,934
6,586
Sales
......
thous. of dol.
5, 472
6,182
4,968
6, 858
12,412
4, 762
232
232
233
234
232
233
Stores opera t e d . . .
..number.
235
232
232
232
232
233 j
232
McCrory Stores Corp.:
j
2, 612
2,817
3,027
2, 493
2, 654
3, 094
2, 667
2,148
3, 017
Sales
thous. of dol.
2,317
2,658
5,526
2,479 |
205
202
205
205
203
Stores operated
number_
194
194
205
207
205
205
201
202 |
G. C. Murphy Co.:
2,351 |
2,584
2.576
2,420
2,354
2,513
2,865
2,266
Sales
..thous. of dol.
4,471
1,891
1,803
!, 970
2, 426
188
188 j
189
186
186
189
Stores operated
number_
186
186
186
186
188
188
185
F. W. Woolworth Co.:
22,382
21,113
20,169
21, 556 20,243 I 23. 3S3
Sales
thous. of dol_
20,483
21,050
23, 407
22,332
39,566 I 17,148
18, 219
1,962
1,960
1,965
1, 971
1,973 ! 1,978
1,965
Stores operated.
number.
1,979
1,954
1,960
1,956
1,956
1,955
Restaurant chains (3 companies):
3,458
3, 369
3,566
3,562
3,465
3,195
3, 335
3,444
3,117
3, 395
Sales
thous. of dol_
3,766 i 3,418
3,193
353
357
356
355
358
359
351
Stores operated
.
number.
367 '
361
359
358
365
359
Other chains:
W. T. Grant & Co.:
7,663
7,654
6,732
8, 365
7,430
6, 726
6,953
6,276
8,581
Sales..
thous. of dol.
14, 212
5,571
5,166
470
470
467
469
470
Stores operated
number.
466
471
464
465
465
465
469
J. C. Penny Co.:
24, 033
17, 597
17,929
15,915
17,873
18,811
15, 507
16,980
Sales
thous. of dol. 24, 980 ; 21, 381
12,905
29, 300
12,039
1, 480
1,478
1,478
1,481
1,479
1,474
1,478
1, 483
Stores operated
number.
1,473
1,474
1,474
1,474
1,478
Department stores:
Collections:*
Installment account
17.4
17.1
16.1
15.4
16.3
16. 2
17. 4
percent of accounts receivable.
16.5
16.4
18.0
16.7
16.3
Open account
44.2
41.1
43.8
43.2
40. 6
45. 5
percent of accounts receivable.
43.9
45 3
44.1
41.6
43.9
45.7
0
Revised.
*New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety-store sales, p. 18 of the March 1934 issue. Data prior to October 1933 on collections
not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available prior
to May 1931. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933.
f Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
Index and grocery index of Chain Store Age were revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
1 Monthly data from January 1932 through June 1935 are on page 20 of the July 1935 issue.
•The New York Evening Post series on newspaper advertising in 22 cities is available for the period 191.6 through January 1933. See the 1932 annual supplement and
monthly issues prior to December 1934.




January 1936

23

SUEVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

1935
March

April

May

June

July

August

SeptemOctober
ber

DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores—Continued.
Sales, total value, unadjusted K
1923-25 = 100—
91
Atlanta*
_
— 1923-25=100103
Boston
— 1923-25 = 100—
78
Chicago*!
—1923-25-100—
89
Clevelaud*
1923-25 -100—
83
Dallas*....
„
1923-25 = 100»
97
Kansas City
.1923-25 = 100-.!
85
Minneapolis*
.
1929 = 100—
85
93
New York*
.....
1925-27-= 100-.
80
Philadelphia*
.
1923-25=100—
113
Richmond
— .1923-25 = 100—
81
St. Louis
1923-25«100—
92
San Francisco*
_ 1923-25= 10080
Sales, total value, adjusted*_1923-25 = 10O...
90
Atlanta*
1923-25=100..; :
81
Chicago*!
— 1923-25 = 10079
Cleveland*
1923-25=100—'
84
Dallas*
-1923-25 = 100—
80
Minneapolis*....
1929 = 100-.
79
New York*
1925-27 = 100. _
60
Philadelphia*
...1923-25 = 100—
91
San Francisco*
.
1923-25-100...
Installment sales, New England dept.
8.8
stores, ratio to total sales
percent...
Stocks, value, end of month:
70
Unadjusted
1923-25=100..
67
Adjusted
1923-25 = 100—
Mail-order and store sales:
j
Total sales, 2 companies
tbous. of dol_-j 71,777
Montgomery Ward & Co.-thous. of doL J 30, 910
Sears, Roebuck & Co
thous. of dol—j 40, 867
Rural sales of general merchandise:*
Unadjusted
.
1929-31 = 100-! 127. G
103.7
Adjusted
.
1929-31 = 100..

83
91
73
78

n
92
78
76
89
70
102
78
83
74
80
71
70
79
77
76
58
81
7.3
74
65

69
73
54
79

61
70
47
62
66
70
61
5.5
6U
46
64
53
67
75
80
79
68
83
73
72
66
80

68
72
82
91
83
79
86
79
77
66
79

81
73
84
76
69
80
72
74
65
83

92
.

9.3

7.8

7.2

61
65
64
41,573
54,763
17,905
22,783
23,668 ; 31,980

66
64

135
146
122
126
122
145
129
117
137
115
172
117
144
78
86
75
74
89
78
78
65
83

59
61
58
61
58
60
55
61
58
44
65
53
GQ
74
77
76
77

4.7 |
60 i

00,595 I 76,631
26,901
34,684
33,694
41,947

41,194
17,418
23,776

82.0 |
90.6

110.4
134.2 i 72.6
89.8 : 04.5 ! 87.5

79

76
84
69
78
74 |
78 !
72|
76
71
63
98
69
77
76
84
76

84
71
72
62
83
9.2

75 !
64 1
80 I
8.2 |

60
64
59,644
58,105
25, 571 22,915
34,073 ! 35,190

90.6 i 97.0 j
07.4 | 101.0 !

i!

1

sin
98 I
85 |

58
61

!

81
72
84

86
98
°82
86
79
92
90
94
87
«74
117
80
88
77
82
78
75
80
79
77
"65
86

10.7

55
63
49
56
55 |
59
55
54
54
46
68 |
50 |
68
80
90

10.2

61
77
52
68
61
64
70
70
58

80
Gl
72
81
78
97 1
85 |
84
83

78 |
59 j

98
71
87
81
97
79
75
92

73 I

88
80

60 I
62 I

07
01

52,402 ! 50, 474
! 58,953 49,8«7
| 23,822, 20,203, 22,849 ! _,.,..
_ . _ , . . , 25, I 73
_..
1 35,131! 29,594
29,553; 34,301

87.6 !
93.1 |

94,2
99.7

74.7
97.0

79.8
92.8

103. 7
104. 8

00
79,945
35, 897
44,048
127.6
10-1. 0

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT

|
i

78.8
81.8
82.5
84. 8
76.9
78.1
79.7 i
79.6
Factory, unadj. (B. L. &)*§—1923-25=100...
81.2
81.3
R2.5
74. 9
Durable goods group*§
1923--25=100—
69.7
09.4
70. 5 !
69.4
71.0
70.0
71.8
62.3
71.4
64.4
66.2
a
Iron and steel and. products. 1923-25=100—
71.8
71.3
70.7
71.8
70.8
72.2
66.2
72.4
66.6
67.8
70. 4
73.2 j
Blast furnaces and steel
a
69.4
72.4
72.9
70. 2
73.7
73.6
74.4
works
1923-25 = 100—
65.9
66.9
71.7 j 73.7
74.0
75. 6
Structural and meta! work
56.0
55. 3
65.9
53.8
55.0
56.0
56. 9
57.9 !
59.0
57.6
58.6
59. 0
57.9
1923-25 = 100—
96.0
100.0
88.3
Tin cans., e t c . - .
1923-25-100—
90.4
104.0 I 105. 4
100.5
85. 4
86.4
95. 3
89.6
85. 0
85.5
a
48.9
51.9
Lumber and products.
1923-25 = 100—
57. 0
49.4
50. 6
50.1
51.7
48.6
50.9
57. 5
47.1
47.8
55.3 !
09.1
67.1
Furniture
1923-25^=100-.
70.3
77.9
66.9
69.1
77. 0
68.6
65.2
64.1
67.0
65.0
44. 8
41.9
Millwork
1923-25=100—
50.1
48.7
39.7
36.3
40.7
49.5
37.9
38.3
35.9
36.7
33.9 i
30.9
Sawmills
1923-25 = 10037. 4
"37.6
32.7
33. 5
30.1
34.8
32.8
30.9
34.0
31.6
36.0 i 100.5
98.9 !
98.9
Turpentine and rosin
1923-25=100..
100. 3
96.3
99.7
100.7
99.2
92.4
95. 6
99. 0
92.9
99.1 !
85. G i
Mach inery
1923-25 = 100-.
84.2
« 93.1
82.1
84.1
93. 8
85.1
77.9
84.5
91.1
79.6
78.5
87.3
110.7 |
Agricultural implements. 1923-25 = 100—
110. 6
118.5
116.6
92.7
101.3
123.8
97.0
79.6 1 83.8
89.6
97.0
09.6 ! 117.8 j
Electrical machinery, etc.l923-25=100._
65.9
65.6
73.3
75. 3
75.4
65.4
67.5
69.2
70.9
70.7
Foundry and machine-shop products
70. 4 |
69.2
74.3
72.8
73.4
72.0
73.5
66.0
76.8
77.0
73.8
66.8
76. 0 |
1923-25 = 100—
74.0 !
165. 5
185. 0 I 213.8
« 279.1
Radios and phonographs.l923-25=100—
254. 9
271.0
214.5
191.4
186.0
189.0
182.4
168. 0
207.9
a
81.8
80.2
91. 9
Metals, nonferrous§
1923-25 = 100..
93. 1
78.2
83.4
82.9
80. 9
78.3
81.6
83.0
79.2
82.0
76.2
74.6
79.1
Aluminum mamifactures§ 1923-25=100—
"82.7
83.0
73.8
72.3
76.8
79.0
78.7
78.3
73.5
75.5 !
78.9
77.4
Brass,bronze, copper prod-1923-25=100..
75.4
81.8
74.0
80.8
89.0
72.0
80.8
82.0
81.8
80.8
78.2 |
Stamped and enameled ware§
102.5
100.4
105.4
109.1
101.9 1 106.2
116.2
99.6
108.4
1923-25 = 100—
93.8
106.9
112.7
97.8
53.8
53.5
52.6
55.1
Railroad repair shops
1923-25 = 100-.
55. 7
51.6
52.8
53.6
61.6
52.9
52.9
53. 6
52.0
65.6
65.2
04.6
64.5
Electric railroad.
—1923-25 = 10065.1
65.7
65.9
65. 8
65.7
65.6
65.3
65.3
65.5
52.9
52.6
54.4
51.7
Steam railroad
1923-25 = 100..
52.7
52.0
55.0
50.5
50.6
51.9
52.7
51,0
51.9 !
Stone, clay, and glass products
47.2
55.7
52.2
53.2
55.0
55.9
49.6
51.5
56.4
54.7
50.1
56.7
1923-25=10055. 8
32.1
33.8
32.9
35.3
Brick, tile, and terra cotta.1923-25 = 100—
34. 0
34.0
29.9
24.8
25.7
27.6
29.6
28.0
27.6
53.8
60.1
57.5
Cement.__
1923-25 = 100—
51. 9
52.9
49.0
48.2
37.2
37.8
41.6
57.0
41.6
50.0
95. 7
92.7
95.2
Glass
1923-25 = 100—
95.8
97. 5
86.5
91.7
93. 7
94. 8
87.4
94.2
98.4
88.5
a
83.5
87.2
93.7
75.8
Transportation equipment_1923-25=100—
92. 3
100. 0
62.2
92.4
100.9
103.6
102.7
78.4
104.8
95. 1
100. 6
84.0
107.2
105.0
Automobiles
1923-25 = 100—
114.7
67.1
117.5
119.5
116.4
119.9
108.1
88.9
32.2
31.7
33. 5
48.2
40.0
Cars, electric and steam_1923.25=lU0—
45.9
32.4
34.2
43.6
52.2
60.3
34.0
59.1
72.4
71.3
70.1
66.2
• 79.8
Shipbuilding
1923-25 = 100—
83.0
09.3
68.3
72.8
74.9
76.4
68. 5
74.6
94.0
90.6
90.7
°9C. 2
Nondurable goods group* § 1923-25=100...
90.4
94.1
91.7
94.3
92.5
92.3
94.1
94.9
92.8
107.9
110.7
106.8
107.2
° 113. 1
Chemicals and products—.1923-25 = 100—
112. 3
108.6
108.4
109.4
112.7
108.0
108.8
111.5
107.7
108.0 i
109. 0
108.9
Chemicals
1923-25 = 100—
108.1
103.0
102.8
103.4
107.1
103.9
106.9
109.5
104.4
97.3
99.5
95.1
101.6
Druggists' prep
1923-25=100.95.8
100. 3
105.5
101.3
102.4
98.9
96.8
102.8
98.9
105.5
100.7 I
Paints and varnishes
1923-25 = 100..
108.6
109. 2
112.5
109.3
99.7
98.7
102.2
104.2
112.6
99.5
109.2
• Revised.
• New series. For earlier data on department store sales by Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago, for which see note below.
Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexes are computed by the Federal Reserve banks. For
districts not marked with an asterisk the series are as published in the 1932 Annual Supplement and subsequent issues. See p. 20 of the December 1934 issue for rural sales
for period January 1929 to October 1934. For earlier data on factory employment unadjusted in detail, see p. 16 of the June 1934 issue. See p. 19 of the July 1934 issue for
factory employment unadjusted total. Data on employment in the durable and nondurable goods groups for the period January 1923-June 1935 are shown on p. 19 of the
August 1935 issue.
t Revised series. See p. 19 of the April 1935 issue department store sales Chicago.
A This series was shown on p. 20 of the June 1935 issue from 1919 through April 1935.
• The adjusted index of department store sales (total value) W3S revised by the Federal Reserve Board for the years 1929 through 1934. Revised indexes for this period
were shown on p. 20 of the June 1935 issue.
5 Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue appear on p. 16 of this issue.




as

24

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber

January 1936
1935

March

April

May

June

July

August Septem- October

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Factory unadjusted—Contd.
Nondurable goods group—Continued.
Chemicals and products—Continued.

110.8
108.3
111.9
108.3
Petroleum refining1923-25=100.. 110.1
109.0
107.3
107.9
110.6
110.1
111.2
112.2
Rayon and products
1923-25=100.. 356.1
320.8
329.5
338.0
346.8
348.9
334.9
326.9
325.9
327.9
340.3
353. 6
Food and products
1923-25 = 100..
99. 7
109.0
103.8
94.4
93.8
92.7
94.7
95.1
98.0
104.3
109.9
116.0
Baking
—
1923-25 = 100..
113. 6
115.4
115.4
106.7
111.3
110.9
111.8
112.7
114.2
111.5
111.7
114.6
Beverages
1923-25=100-. 153.0
151.9
148.7
144.6
145.7
151.3
156.0
161.6
170.0
178.5
179.0
171.9
Slaughtering, meat pack109.3
105.5
81.5
80.6
87.2
ing
—1923-25 = 100..
82.8
94.3
82.9
81.4
80.4
78.9
79.4
Leather and products
1923-25=10082. 3
81.6
84.8
88.3
91.6
92.7
91.5
86.7
83.0
87.3
90.1
88.8
Boots and shoes
1923-25 = 100..
77.8
79.8
82.9
87.0
90.7
92.1
90.8
85.2
80.6
85.8
89.1
87.3
Leather
—.1923-25 = 100.. 100.3
89.2
92.7
94.0
95.6
95.5
94.5
93.2
92.8
93.5
94.4
95.2
Paper and printing.. _
1923-25 = 100
98. 7
96.8
97.5
95.6
96.7
96.9
96.9
96.5
95.6
95.5
95.9
97.3
Paper and pulp
1923-25=100.
109.0
106.9
107.4
106.8
108.7
109.7
109.8
109.9
109.1
108.9
108.8
109.2
Rubber products §
1923-25=100..
82. 8
77.9
80.2
83.1
84.2
84.5
83.6
82.4
80.9
78.3
79.1
81.1
Rubber tires and tubes.. 1923-25=10009. 9
68.7
71.9
74.7
75.3
75.1
74.9
73.6
72.9
70.3
69.7
70.3
Textiles and products
1923-25 = 100_.
97.0
90.9
92.8
95.2
98.4
99.2
97.2
93.5
90.4
87.8
92.9
95.9
Fabrics
—.1923-25=100.96.1
80.7
94.0
95.8
97.2
96.4
93.3
91.0
89.4
87.5
89.9
92.1
Wearing apparel—
1923-25=10094.8
89.6
86.0
89.4
96.8
101.4
101.8
95.3
88.6
84.4
96.0
100.5
Tobacco manufactures
1923-25=100..
59. 7
64.0
61.9
56. 5
57.3
57.8
56.8
56.6
57.8
57.6
57.9
58.9
Factory adjusted (F. R. B.)* §-1923-25=10084. 7
76.8
79.0
80.6
82.0
82.6
82.4
81.3
80.0
80.4
81.7
81.9
Chemicals and products
1923-25 = 100110. 7
107.2
108.1
108.4
108.6
110.7
108.1
109.3
111.3
110.7
111.4
110.3
Chemicals
1923-25=100..
107. 2
102.3
101.8
101.6
101. 2
102.3
106.3
109.0
110.2
111.7
111.6
108.5
Druggists' preparations
1923-25 = 100..
96.8
101. 8
101.3
99.1
101.4
96.8
100.7
100.4
100.3
100.4
99.3
97.4
Paints and varnishes
1923-25 = 100.. 110.2
100. 5
101.1
101.0
102.3
103.4
108.8
108.6
108.4
108.8
108. 4
108.0
Petroleum refining
1923-25 = 100..
111. 2
113. 0
112.1
111.1
108. 7
109.0
108.3
108. 5
109.6
108.8
110.1
108.2
Rayon and products
1923-25 = 100.. 350.1
320.8
329.5
338.0
346.8
348.9
334.9
326.9
325.9
327.9
340. 3
353.6
Food and products
.1923-25 = 100..
97.4
107.3
107.9
104. 8
105.0
102.8
101.4
102.0
100.1
100.4
99.2
93.8
Baking.
1923-25=100.. 111.8
113.6
115.4
109. 0
113.8
113.2
113.6
112.7
113.0
109.9
111.4
112. 6
Slaughtering, meat packing
108.2
84.2
81.6
91.6
84.9
81.0
101.1
85.7
81.8
80.9
79.7
1923-25=100..
82.0
Iron and steel and products. _ 1923-25 = 100..
77.1
66.4
67.7
69.4
70.6
70.8
71.1
71.5
71.7
72.4
73.4
74.1
Blast furnaces and steel works
72.4
72.2
68.0
72.5
74.4
66.7
72.2
69.9
72.6
72.7
74.3
1923-25 = 100..
77.1
Structural and metal work.1923-25 = 100..
58. 0
67.8
58.1
57.4
55.3
56.3
56.0
56.3
55.7
55.7
56.5
57.0
Tin cans, etc
1923-25 = 100.
99. 6
93.6
88.9
90.8
89.2
89.2
87.9
89.5
92.8
96.2
97.0
99.4
Leather and products. „____ _ 1923-25 = 1'^ -i 84.1
83.4
88.9
89.1
89.7
90.5
92.2
89.1
86.4
86.9
87.0
85.4
Boots and shoes
1923-25= lut)__
80. 2
82.3
88.1
88.4
88.9
89.9
91.7
87.9
84.4
84.5
84.9
83.1
Leather
.
1923-25 = 100..
99.6
88.6
92.3
92 3
93.2
93.3
94.3
94.5
95.1
95.8
95.8
95.1
Lumber and products
1923-25 = 100..
54.6
47.3
47.8
48^8
50.8
51.9
52.4
51.3
48.8
52.0
54. 6
55. 5
Furniture
1923-25 = 100..
71.6
60.7
62.9
66.4
67.6
70.3
71.1
70.5
69.6
72.4
73.3
73.9
Millwork—
1923-25=100..
48. 7
36.3
37.3
37.0
38.4
38.8
39.4
40.2
41.4
44.4
46.8
49.7
Sawmills
.1923-25 = 100..
35.8
32.6
32.2
32.4
34.2
34. 6
35.0
33.4
30.1
33.2
35.6
36. 2
Machinery
. 1923-25 = 100..
93. 0
77.2
79.2
81.4
83.1
85.6
86.0
84.9
84.4
86.1
87.1
88. 8
Agricultural implements. .1923-25 = 100..
127. 8
82.1
84.1
86.7
87.1
91.7
91.6
94.1
111.4
123.2
121. 4
126. fi
Electrical machinery, etc-1923-25=100..
75. 4
65.4
65.6
65.9
67.5
69. 2
70.9
70.7
69.6
69.6
70.4
73.3
Foundry and machine-shop products
73.1
68.4
72.6
72.7
73.4
73.9
71.6
75.8
67.3
72.0
70.3
1923-25 = 100..
79.1
Radiosand phonographs.-1923-25 = 100..
222. 3
175. 5
203.8
227.3
22fi. 8
252. 7
231.2
200.0
182.7
192.7
194. 4
190. 9
Metals, nonferrous §
1923-25 = 100..
91.8
77.1
78.4
79.2
80.6
81.4
82.4
83.3
82.8
82.2
83.7
87.4
Brass, bronze, copper prod. 1923-25 = 100..
90. 0
72.8
74.5
75.8
79.3
79.8
80.4
80.3
79.4
78.2
78.8
82.7
Stamped and enameled
106.1
104.4
105.4
102.4
101.6
104. 2
93.9
98.9
104.2
102.9
107.9
ware§
1923-25=100.. 116.3
Paper and printing
.1925-25=100...
97.4
95.4
95.8
94.9
96.4
96.7
97.3
97.1
96.4
96.5
97.1
97.6
Paper and pulp
1923-25 = 100.. 109.0
106. 9
107.4
106.8
108.7
109. 7
109.8
109.9
109.1
108.9
108.8
109.2
Railroad repair shops
1923-25 = 100—
55.8
51.7
52.1
52.4
53.6
53.8
52.6
53.3
53.4
53.2
52.7
52.4
Electric railroads
1923-25=100..
65.1
65.7
65. 5
65.3
65.9
65.8
65.6
65.7
65.6
65.2
65.3
64.6
Steam railroads
1923-25 = 100..
55. 2
50.7
51.1
51.4
52.7
53.0
51.6
52.3
52.4
51.9
51.7
51.4
Rubber products §
1923-25 = 100..
83.0
78.1
80.7
84.6
85.0
85.8
83.4
81.1
78.8
77.4
80.4
81.7
Rubber tires and tubes
1923-25 = 10072. 2
71.0
74.4
77.0
76.4
76.6
73.6
70.2
68.4
67.2
69.6
73.0
Stone, clay, and glass products
53.6
54.4
52.7
52.4
52.4
51.9
51.2
53.5
54.8
51.7
53. 9
1923-25=100..
56.1
Brick, tile, and terra cotta. 1923-25=10034. 7
30.0
29.5
28. 2
29.6
29.9
27.4
28.0
29.9
30.4
31.2
32. 1
47.8
43.9
41.9
42.4
44.4
50.3
55.3
56.4
53.4
50. 5
4S.9
Cement
_._
1923-25 = 100..
49. 2
87.4
87.8
94.0
94.1
92.9
92.7
93.1
92.1
96.6
97.4
93.6
Glass
— 1923-25 = 100..
97. 2
90.2
92.1
95. 1
96.6
96,6
96.0
93.6
91.7
92.2
96.1
96.0
Textiles and products
1923-25=100..
90. 2
88.2
92.4
94.8
95.6
94.6
92.7
91.0
90.6
91.2
93.3
93.2
Fabrics
1923-25 = 100..
94. 4
90.8
87.4
91.3
94.7
96.9
99.2
95.6
90.0
90.3
98.4
98.3
Wearing a p p a r e l —
..1923-25 = 100._
96. 0
61.1
61.6
60.7
57.7
58.2
57.7
56.8
58.1
58.2
58.1
57.3
Tobacco manufactures
1923-25 = 100—
57. 0
70.4
84.4
93.5
98.4
99.4
99.1
94.0
88.7
84.8
83.6
81.4
Transportation equipment-.1923-25 = 100-.
108. 6
77.4
96.6
109.2
114.1
114.4
113.5
105.9
101.5
97.7
94.9
91.0
Automobiles
1923-25=100.. 124.3
35.9
37.0
38.3
46.9
52.6
54.7
54.9
44.4
29.6
30.7
32.8
Cars, electric and steam...1923-25= 100..
50. 9
72.1
68. 5
68.3
69.3
71.1
70.0
74.1
65.4
73.0
76.5
81.1
Shipbuilding
1923-25 = 100..
87.0
Factory, by cities and States:
Cities:
79.4
80.2
83.3
82.6
78.2
77.3
78.4
80.9
80.8
75.7
84.5
Baltimore*
...1929-31 = 100..
82.9
65.9
66.0
65.6
68.3
68.6
69.3
69.0
67.0
64.8
65.3
67.3
Chicago*
—1925-27=10068.9
74.8
78.6
83.9
86.4
87.6
88.7
82.1
80.9
86.5
84.8
89.3
Cleveland*
.1923-25=100..
94.9
62.4
91.2
108.3
109.5
110.2
110.8
102.4
93.7
66.6
71.7
82.7
Detroit
-1923-25 = 100.. 107.8
79.4
84.0
86.9
90.0
91.6
93.1
93.0
92.4
92.6
91.9
93.2
Milwaukee*
..1925-27=10096. 2
74.1
73.6
70.7
73.4
75.2
74.9
72.3
69.8
67.9
72 2
75.9
New York
.1925-27=100-.
76.3
86.2
88.4
86.5
89.5
88.8
88.3
87.8
88.1
87.7
88! 9
91.4
Philadelphia!
1923-25=10092 2
65.8
66.3
65.5
67.4
68.4
68.3
68.8
67.5
67.3
68.3
69.7
Pittsburgh*!
1923-25 = 100..
72.1
States:
85.9
86.2
84.6
83.2
82.6
84.3
84.4
90.3
89.8
102.8
96.1
Delaware!
1923-25 = 10088. 2
70.3
69.9
69.9
73.1
74.3
75.6
74.8
73.4
72.4
73.6
75. 7
Illinois
1925-27=100..
76.0
Iowa
—-1923=100122. 7
113.0
111.8
109.3
110.2
113.3
114.0
117.1
117.2
118.2
118.8
122.2
66.6
69.0
70.0
71.6
72.3
71.7
69.0
67.4
67.8
69.5
71.2
Massachusetts*!
1925-27=100..
72. 9
« Revised.
*For earlier data see the following references: For factory employment, adjusted, all series, s^e pp. 16 to 19 of the July 1934 issue; employment in Baltimore, Milwaukee,
and Massachusetts, p. 18, December 1932; and employment in Chicago, p. 20, June 1933; Pittsburgh employment, p 18, January 1934; Cleveland employment, p. 19, July
1934.
!For revised data refer to the indicated pages as follows: Employment in Delaware and Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for those series
and for the city of Pittsburgh, see p. 20 of the March 1935 issue; for Massachusetts, employment for 1931, p. 19, August 1933, and for 1932-34, p. 20, September 1935.
§ These data for the period January 1933-September 1935 have been revised; revisions not shown in the December 1935 issue appear on p. 16 of this issue.




25

SURVEY OF CURRENT BUSINESS

January 1930

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuar, Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

1935
March

April

May

Jun6

July

August

Septem- October
ber

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, by cities and States—Continued.
states—Continued.
Maryland*
1929-31 = 100New Jerseyf1923-25=100.
New York
1925-27 = 100Ohio
1926=100.
Pennsylvania!
1923-25=100Wisconsin.,.
1925-27=100__
Nkmmanufacturing (B. L. S):
Mining:
Anthracite
1929=100..
Bituminous coal
1929=100—
Metalliferous
1929--=100
Petroleum, crude production. 1929=100—
Quarrying and nonmetalJic— 1929 = 100..
Public utilities:
Electric light and power and manufactured gas
1929=100..
Electric railroads
1929=100..
Telephone and telegraph
1929=100—
Trade:
Retail!
_
1929=100—
Wholesale!
1929=100Miscellaneous:
Dyeing and cleaning*! A _
1929=100—
Hotelsf
.—_
1929=100Laundries*! A
1929=100—
M iscellaneous data:
Construction employment, Ohio
1926=100 .
Farm employees, average per f a r m *
number..
Federal and State highway employment,
total*
number. .
Construction*
.number..
Maintenance*
—number—
Federal civilian employees:
United States*...
number..
Washington
numberRailroad employees, class I
thousands..
Trades-union members employed:
All trades
percent of t o t a l Building trades*
percent of total—
Metal trades*
percent of totaLPrinting trades*
.percent of t o t a l All other trades*
percent of totaL.
On full time, all trades.percent of total..

90.4
80.6
76.9
96.0
79.3
88.2

85.5
75.0
70.9
83.0
74.4
79.5

85.5
75.3
71.1
85.3
75.0
80.6

84.9
73.1
70.6
87.3
74.3
81-3

87.9
73.8
73.1
91.3
76.1
84.0

89.3
74.9
74.3
94.1
77.1
85.7

90.7
74.5
74.8
94.9
75.9
85.1

89.6
74.2
73'. 7
93.0
75.5
85.7

88.2
72.4
72.5
90.8
75.0
86.6

86.5
72,5
72.1
90.1
75.1
92.3

88.8
75.9
73.8
91.1
76.6
90.4

92.3
78.0
76.8
93.1
78.3
89.5

92.1
80.0
77.8
» 93. 8
79.7
89.1

46.6
76.2
52.6
73.0
46.7

60.7
79.8
43.2
78.8
49.5

61.6
79.7
44.4
78.7
42.1

62.9
80.0
44.3
74.9
36.9

64.4
81.1
44.3
74.2
37.3

51.4
81.6
45.0
74.0
40.5

52.6
74.3
46.0
74.9
45.3

53.5
75.3
44.4
76.0
49.5

56.8
77.9
46.0
76.5
50.4

49.4
69.9
45.1
77.0
50.9

38.7
73.4
46.3
78.7
51.0

46.0
77.0
48.9
77.9
50.0

58. 8
74.3
51.6
76.9
50.0

87.6
71.1
69.8

85.5
71.8

83.6
71.0
69.7

82.7
71.2
70.5

82.2
71.0
70.0

82.2
71.3
69.8

82.6
71.4
69.7

83.2
71.6
70.0

83.8
71.7
70.2

84.7
71.5
70.3

85.7
71.2
70.5

85.8
71.0
70.4

87.3
71.1
70.0

84.3
86.4

83.7
85.1

91.1
85.0

79.5
84.2

79.2
84.6

80.2
84.0

83.6
83.2

82.2
82.5

82.1
82.1

79.0
82.2

77.7
82. 8

81.6
83.7

83.8
85.2

76.3
81.5
81.3

75.8
80.6
80.3

72.4
80.0
79.5

70.3
80.3
79.6

69.6
81.1
79.6

72.5
80.8
79.7

79.9

81.1
80.0

80.9
81.6
81.1

83.6
81. 3
82.3

81.7
80.3
84.4

79.4
80.7
84.2

82.1
81.1
83.0

80.4
81.6
81.9

28.5

24.7

21.8

17.5

18.3

18.4

24.8

30.7

35.0

32.9

31.5

.85

.65

.68

.72

.79

.89

1.01

.96

240,414 221,406
99,197
120,131
120, 283 122,209

217, 539
109, 390
108,149

282,740 331,000
147, 256 195,459
135,484 I 135.541

362,339
224,086
138,253

,442

382, 846

148, 575

163| 960

340, 073
183, 886
150,187

323,374
176,050
147, 324

805, 286 829, 605
105, 679 108,952
1,011
1, 025

831, 453
110 009
M',034

290, 523
151,385
139,138
835, 236
110,745
1,016

426, 603 323. 700
267,152 189, 020
159,451 134, 680
307
93, 827

707,

995
75
44
73
83
81
49

°30.9

707,606
94,050

710,347
94,389

715,901
95,517

720, 279
97,388
995

745,345
100,949
994

747,478
102,539
1,013

753,017
103,453
1,031

764,925
104,498
1,035

73
43
74
84
79
48

74
40
75
83
80
51

76
39
75
85
83
54

78
41
76
85
85
55

79
43
77
86
86
57

79
46
77
86
84
67

77
49
77
86
81
54

73
49
77
85
77
53

76
52
78
85
81
53

80
55
80
85
84
58

80
53
81
86
85

35.0

36.4

37.1

36.6

36.7

36.3

36.4

37.3

37.8

38. £

977

976

985

LABOR CONDITIONS
Hours of work per week in factories:*!^
Actual, average per wage earner
hours..
34.0
Industrial disputes in progress during
month:
Number of disputes
P226
203
Man-days lost
number.. '1,169,000 841, 570
Workers involved
number.. v 90, 000 98, 201
Labor turn-over:!
Accessions
percent of no. on pay r o l l 3.63
4.32
Separations:
Discharged ...percent of no. on pay r o l l .20
.15
Laid off
percent of no. on pay roll..
3.78
2.58
Voluntary quits
percent of no. on pay roll—
.77
.62

198
<*225
«210
376, 297 a718, 853 aa821, 718
73,481 « 92, 428 93, 910

a

«288
a 28Q
921,949 1,162,827
< 94, 525 -121,149
*

a

292
279
11,251,974
149,988i 118,813

l
l,677,567
a

a

265
«294
317
258
,198,986 1,133,592 '2,929,545 °l,773,000
128, 967 133,222 °498, 481 ° 136, 000

6.14

6.33

4.23

3.79

3.01

3.18

4.17

4.60

4.95

5.23

.15

.18

2.72

2.10

.18
1.88

.17
2.32

.20
2.60

.17
3.00

.20
3.46

.20
2.57

2*. 70

.19
1.95

.21
2.03

.58

.76

.73

.75

.93

1.21

.83

.90

.86

1.05

.89

PAY ROLLS
Factory unadj. (B.L.S.) * §...1923-25=100..
74.5
70.8
63,2
68.5
69.1
64.2
69.5
66.4
70.7
65.3
69.6
72. 1
«75. 0
Durable goods group* §
1923-25=100—
60.2
68.1
60.5
61.8
46.1
55.6
57.6
59.0
68.6
52.5
60. 6
50.4
6(5. 3
Iron and steel and products 1923-25=100—
58.5
65.0
44.2
59.4
59.3
52.8
59.6
55.8
59.0
51.9
47.6
65. 5
(52.7
Blast furnaces and steel works
1923-25=100..
66.3
63.3
63.9
46.5
41.7
62.3
63.8
56.8
52.4
61.1
61.6
64.2
•66. 1
Structural and metal work
41.2
1923-25=10045.3
39.5
39.8
39.2
37.6
38.7
42.2
40.7
40.9
43.9
45. 6
«46. 0
79.4
Tin cans, etc
.1923-25=10091.5
85.4
87.0
83.3
97.7
93.8
103. 6
105. 7
77.3
80.7
79.6
100.2
33.6
Lumber and products._.._ 1923-25= 10045.1
36.3
37.5
34.8
38.3
36.3
44.4
47.3
34.8
31.7
33.3
48.fi
44.5
Furniture
1923-25=10059.3
49.2
47.1
49.7
48.4
56.0
48.5
47.1
43.5
00.2
45.9
63. 0
24.0
Millwork
1923-25=10039.6
27.7
29,1
25.8
37.7
34.2
31.5
40. 8
25.3
23.0
24.6
41.9
21.3
Sawinills
1923-25=10026.6
23.7
20.1
22.4
27.9
23.3
20.9
29.4
21.4
19.1
20.0
29. 5
47.9
Turpentine and rosin
1925-25=100—
65.8
57.9
57.3
52.3
59.3
59. 3
57.5
59.9
54.2
52.7
50.2
64. 6
57.2
Machinery
1923-25=10078.9
67.6
67.8
71.2
66.9
75.2
67.5
66.9
64.3
60.8
60.2
* 78.4
85.7
145. 0
108.8
Agricultural implements. 1923-25=100—
110.5
137.5
113.7
136.8
135.2
127.5
100.9
97.5
91.2
» 136.1
50.0
64.6
58.4
E lectrical machinery, etc. 1923-25= 100—
58.2
57.8
57.2
62.1
54.7
56.1
55.0
52.4
52.2
65.2
Foundry and machine shop products
49.7
46.6
1923-25=10051.5
65.3
55.7
57.5
58.0
56.2
57.9
56.7
60.0
62.2
64.6
Radios and phonographs. 1923-25 = 100.
131.5
110.6
107.0
103.2
112.9
133. 9
112.5
132.0
101.5
100.9
166. 3
179. S
» 185.8
« Revised.
v Preliminary.
* For earlier data see the following references: Employment in Maryland, and Federal civilian employment, total, United 8tates, p. 18, December 1932; Federal and
State highway employment, dyeing and cleaning establishments, and laundries, p. 19, June 1933; trades-union members employed, p. 18, December 1932, and hours of work,
p. 20, October 1932. Pay rolls in the durable group for the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue. Data for factory pay rolls by classes
are shown on p. 18 of the June 1934 issue. See also p. 19, July 1934 issue.
! For revised data refer to the indicated pages as follows: Employment in New Jersey and Pennsylvania, p. 19, September 1933; employment in laundries, and dyeing
and cleaning establishments, p. 20, August 1934; hotels revised for the period January 1929- July 1935, inclusive, see p. 20 of the September 1935 issue. For revised data on employment in wholesale and retail trade for 1930-34, see p. 20 of the March 1935 issue. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue. For
labor turnover see p. 20 of the April 1935 issue.
* Figures represent the condition as of the end of the month shown. This method has been followed since September 1932. Figures shown previous to that date in the
Survey are as of the first of the month. They were published as of the first of the following month by the Department of Agriculture.
\ Dat<i revised for 1934. See pp. 29 and 56 of the May 1935 issue.
§ Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue appear on p. 16 of this issue.
* The revised series on dyeing and cleaning and laundry employment shown in the August 1935 issue have been dropped by the B. L. S. and the publication of the
original series resumed.

38031—36
4



26

SUEVEY OF CURRENT BUSINESS

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

1935

1934

January 1936
1935

Novem- Novem- Decem- January Februber
ary
ber
ber

March

April

May

June

July

Augus,, j s t r

October

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Factory unadjusted—Continued.
Durable goods group—Continued.
Metals, nonferrous §
1923-25=100Aluminum manufactures §
1923-25-100Brass, bronze, copper products
1923-25=100Stamped and enamel ware §
1923-25-100Railroad repair shops
1923-25=100..
E lectric railroads
-1923-25=100..
Steam railroads
1923-25=100-.
Stone, clay, and glass products
1923-25-100..
Brick, tile, and terra cotta
1923-25=100Cement
1923-25=100Glass
1923-25 = 100Transportation equipment.1923-25=100..
Automobiles
1923-25=100..
Cars, electric and steam. 1923-25=100..
Shipbuilding
—.1923-25=100.
Nondurable goods group* §-1923-25=100..
Chemicals and products.-1923-25=100..
Cnemicals
1923-25=100-.
Druggists' preparations.. 1923-25=100Pfcints and varnishes
1923-25=100..
Petroleum refining
1923-25=100..
Rayon and products
1923-25=100..
Food and products
1923-25=100..
Baking...
1923-25=100..
Beverages...
1923-25=100..
Slaughtering, meat packing
1923-25=100Leather and products
1923-25-100..
Boots and shoes..1923-25=100..
Leather
1923-25-100..
Paper and printing
1923-25-100..
Paper and pulp
1923-25-100..
Rubber products §
1923-25-100..
Rubber tires and tubes. .1923-25-100..
Textiles and products
1923-25-100..
Fabrics...
.1923-25=100..
Wearing apparel
1923-25=100..
Tobacco manufactures
1923-25=100.
Factory by cities:
Baltimore*
.1929-31=100
Chicago*
1925-27=100Milwaukee*
.1925-27=100.
NewYork*
.1925-27=100.
Philadelphia*!
.1923-25-100..
Pittsburgh*!
.1923-25-100..
Factory by States:
Delaware!
1923-25-100.
Illinois *
.1925-27=100Maryland*
.1929-31=100.
Massachusetts*t
.1925-27-100.
New Jerseyf
.1923-25-100.
New York.—
—.1925-27=100.
Pennsylvania!
.1923-25=100.
Wisconsin
1925-27-100.
Nonmanufacturing (B. L. S.):
Mining
Anthracite
.1929-100.
Bituminous coal...
1929=100..
Metalliferous—
1929=100..
Petroleum, crude production
1929-100.
Quarrying and nonmetallic. 1929=100.
Public utilities:
Electric light and power and manufactured gas
1929=100.
Electric railroads
1929-100.
Telephone and telegraph... 1929—100.
Trade:
Retail!.
1929-100.
Wholesale !
1929=100.
Miscellaneous:
Dyeing and cleaning*!*
1929=100.
Hotelst
— 1929=100.
Laundries*!*
1929=100.

78.5
77.0

61.8

58.7

61.3

63.9

63.7

58.1

65.0

64.7

63.7

62.9

59.9

64.7

70.9

78.4

69.6

69.3

68.0

64.6

58.3

65.8

69.6

76. 0

72.9

51.3

55.6

58.3

63.2

64.0

64.1

61.5

60.0

57.5

61.1

65.8

72.5

101.0
54.5
59.3
54.2

70.6
44.4
57.4
43.5

77.6
44.4
58.4
43.5

76.2
43.8
58.0
42.9

85.2
48.0
59.7
47.2

49.6
60.7

88.0
50.7
60.4
50.1

83.3
52.5
60.2
52.0

77.6
51.0
59.0
50.5

73.9
48.2
58.8
47.5

82.3
49.0
59.6
48.3

89.8
49.1
59. 1
48. 5

99.9
53.1
60.0
52.7

43.9

35.6

34.4

31.6

34.8

37.4

40.3

40.5

38.9

40.9

42.2

44.5

23.4
33.3
91.2
101.2
116.0
47.4
75.1
82.7
98.9
101.9
94.7
94.0
98.3
263.3
91.5
99.7
151.2

16.5
29.4
72.0
48.4
51.3
30.0
54.0
76.6
90.9
90.7
96.8
78.5
96.8
231.6
98.1
98.6
142.2

15.3
24.1
71.9
67.6
76.4
31.5
55.3
79.5
91.7
90.0
94.8
78.1
97.8
240.1
92.9
98.7
135.0

13.0
21.2
69.9
79.4
92.2
31.7
56.2
79.2
91.6
90.8
96.8
79.4
95.2
245.4
83.3
89.6
133.4

15.0
22.1
75.6
94.7
110.3
43.4
59.7
82.5
93.2
91.0
97.9
83.7
95.3
252.3
83.4
93.7
137.2

16.3
25.0
81.3
98.2
112.7
54.5
63.8
83.8
96.1
93.7
95.9
86.2
96.4
252.3
83.0
93.7
146.9

16.3
31.9
82.7
102.7
117.1
65.1
62.0
82.3
95.9
96.2
97.7
91.9
96.9
242.7
85.5
95.5
153.6

17.7
36.8
81.6
94.2
105.1
65.8
65.7
79.1
94.8
97.8
93.9
95.1
96.8
237.8
86.9
97.3
162.5

19.3
40.1
82.0
82.4
93 4
46.6
55.5
77.5
95.0
98.0
93.7
94.0
99.3
240.5
90.3
99.6
173.4

20.2
37.9
77.0
74.7
85.7
28.0
59.4
77.7
95.4
101.6
92.3
88.9
100.5
240.2
96.0
96.5
192.7

21.2
35.8
82.3
71.6
80.6
30.4
61.5
83.2
97.0
100.8
92.0
87.8
102.5
253. 4
99.8
95.7
189.8

22.5
35.2
85.6
65.7
72.1
31.8
65.6
86.9
99.0
98.8
97.3
89.5
102. 8
264.1
104.3
101. 6
171.0

24.0
35.1
90.9
< 86.4
*
«97.7
41.0
« 70.4
«86.0
» 100. 6
100. 1
99.9
94.8
» 102. 2
263. 5
97.2
100.8
157.7

77.7
66.6
56.1
101.4
88.0
91.7
71.8
62.2
79.7
82.6
69.2
48.9

100.7
61.0
54.6
82.0
82.7
82.0
58.1
50.4
71.1
72.5
64.1
48.8

98.4
69.1
63.7
86.5
86.3
83.5
66.0
60.0
75.3
80.2
61.3
49.9

84.0
76.4
72.5
88.5
83.4
83.5
69.4
62.2
78.5
82.2
66.6
41.5

76.5
82.5
79.2
92.6
84.1
86.8
71.9
65.7
84.5
84.5
79.5
40.8

73.6
84.1
80.7
94.2
84.5
88.4
70.6
62.7
86.8
83.3
88.5
44.3

74.3
79.1
75.1
91.4
84.6
87.8
71.2
65.4
82.4
78.0
86.4
43.1

74.0
72.3
66.7
90.0
84.8
86.9
66.5
58.7
75.5
74.9
72.1
43.8

74.8
70.9.
64.7
91.1
83.4
87.4
64.9
58.9
70.9
72.0
64.6
46.8

75.0
77.5
73.1
91.2
81.4
85.1
61.3
54.2
68.4
70.1
60.8
47.6

73.2
81.7
77.7
94.2
83.0
87.2
64.3
55.8
78.9
76.5
78.8
46.6

74.1
76.9
71.1
95.2
86.2
90.7
68.8
59.0
84.6
80.4
87.8
49.4

75.6
73.8
65.9
99.4
88.2
«93.3
a
70.8
* 59.0
° 84.5
83.3
a
81.8
50.5

79.3
48.9
84.5
63.4
80.2
74.6

67.7
43.7
60.7
59.6
72.5
53.7

66.4
45.0
66.4
60.3
75.1
55.8

65.2
45.6
67.7
58.6
72.4
56.4

72.0
48.4
73.4
60.9
74.4
64.1

76.1
48.8
75.2
65.3
75.2
65.8

78.5
48.5
78.5
63.7
74.6
66.3

77.0
47.4
77.2
59.7
73.0
65.5

76.4
46.7
76.3
57.4
73.5
60.5

73.9
45.9
77.9
56.8
72.5
56.6

77.1
46.7
77.5
62.3
76.1

81.6
48.8
82.6
67.1
79.8
67.0

80.4
49.6
82.7
66. 7
80.4
76.0

68.9
56.5
82.5
59.8
68.1
64.3
68.3
75.8

61.6
47.4
72.5
50.9
58.3
56.1
56.4
60.2

61.2
48.2
72.1
57.3
59.7
58.0
58.1
62.5

61.7
48.8
70.9
58.7
58.1
58.3
57.8
62.0

62.8
52.7
78.0
60.8
59.5
60.9
61.9
67.3

61.5
54.1
81.0
62.3
61.5
63.1
63.4

62.5
54.6
82.5
60.9
60.8
62.9
62.6
69.7

62.7
53.0
80.4
58.2
60.9
61.2
61.6
69.4

66.4
52.3
79.7
56.8
59.2
60.2
59.8
70.5

65.1
51.8
77.1
57.3
58.8
59.5
57.2
76.2

70.8
53.5
80.6
59.8
63.3
62.5
63.7
74.3

70.5
55.6
85.5
61.9
64.8
65.9
64.7
78.1

70.4
56.9
84.9
63.0
67.6
66.3
69.3
77.1

28.4
65.4
39.6

51.2
58.3
28.5

52.3
57.0
29.4

57.5
59.6
30.1

64.3
66.1
29.9

38.9
67.5
30.9

49.9
45.0
31.8

49.5
49.1
31.4

66.0
64.7
31.5

37.5
35.6
31.2

28.3
45.8
33.4

38.2
60.4
35.4

55.9
69.8
38.7

56.9
32.1

59.0
29.4

69.5
23.6

55.5
20.8

54.9
22.2

56.0
24.9

66.7
28.9

57.8
32.8

58.3
33.8

59.2
34.4

60.7
36.3

63.2
35.4

60.2
36.5

83.1
63.8
74.9

79.6
61.8
72.2

78.3
62.3
73.2

78.0
62.9
73.9

78.3
63.1
72.9

79.4
63.4
75.3

79.0
63.3
73.1

79.8
63.6
73.7

79.8
63.9
74.4

81.5
63.4
75.7

81.5
63.3
75.5

83.1
64.0
74.2

84.4
64.1
75.3

63.4
66.9

61.9
64.2

66.2
64.8

59.7
63.9

69.3
64.6

60.4
65.2

62.5
64.8

62.0
64.6

62.4
64.6

60.4
64.7

59.2
64.8

62.5
67.2

63.2
66.6

55.4
64.8
66.7

53.9
62.4
63.7

51.1
62.2
63.3

50.4
62.2
63.9

49.8
63.5
64.1

53.5
63.9
64.6

61.9
63.7
65.5

61.7
63.5
66.6

65.7
63.5
68.2

61.4
62.1
70.9

58.2
62.0
69.2

63.1
63.1
67.9

61.1
64.3
67.1

WAGES-EARNINGS AND BATES
Factory, weekly earnings (25 industries):*!^
All wage earners
..dollars..
23.32
20.12
20.74 |
21.61
22.09
21.86
21.93
21.76
21.46
21.75
22.32
22 58
23 12
Male:
Skilled and semiskilled
-dollars..
26.07
22.60
23.03
23.95
24.64
24.25
24.62
24.41
24.11
24.58
24.97
25 06
25 83
Unskilled
dollars..
19.49
16.23
16.59
17.65
18.03
17.85
17.87
17.49
17.48
17.66
18.16
18 65
19 34
Female
dollars..
15.61
14.39
15.08
15.21
15.46
15.47
15.21
14.83
14.73
14.77
15.33
15! 56
15! 60
• Revised
• For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago,
p. 20, June 1933; pay rolls, Milwaukee, p 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls, Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh,
p. 18, January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 193?; factory
weekly earnings for period of Jan 1927 through Aug. 1932, p. 20, October 1932. Data on pay rolls for nondurable goods industries for the period January 1923-June 1935 are
shown on p 19 of the August 1935 issue.
! Revised series For revisions on the following subjects, refer to the indicated pages of the monthly issues as follows Pay rolls. Pennsylvania, Delaware, New Jersey, and
Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for these series and for the city of Pittsburgh, see p. 20 of the March 1935 issue; pay rolls, Massachusetts, for
1931, p. 19, August 1933 and 1932-34 p 20, September 1935; pay rolls in wholesale and retail trade for 1930-34, inclusive, p. 20, March 1935; pay rolls in dyeing and cleaning establishments and laundries, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive; see p. 20 of September 1935 issue; factorv weeklv earnings for 1933, p. 20, July 1934
*
A
Revised data on Illinois pay rolls from April 1929 to Decembei 1932 will be shown in a subsequent issue.
c? Data for 1934 revised. See pp 30 and 56 of the May 1935 issue
• The revised series on dyeing and cleaning and laundry payrolls shown in the August 1935 issue have been dropped by the B. L. S and the publication of the original series resumed.
§ Data have been revised for the period January 1933- September 1935. Revisions not shown in the November 1935 issue, appear on p. 16 of this issue.




27

SUEVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

1935
March

April

May

June

July

August Septem- October
ber

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES-EARNINGS AND R A T E S Continued
Factory, weekly earnings (25 industries)—
Continued.
All wage earners
1923=100..
Male:
Skilled and semiskilled
1923-100..
Unskilled
1923 = 100Female
_
1923*100..
Factory, av. hourly earnings (25 industries):*!^
All wage earners
dollars..
Skilled and semiskilled-_
dollars..
UnskilleddollarsFemale
dollars..
Factory, weekly earnings, by States:
Delaware
—-1923-25-= 100..
Illinois
_. 1925-27=100Massachusetts*!1925-27=100New Jersey1923-25=100..
New York
1925-27=100..
Pennsyl vania
1923-25 -100..
Wisconsin
1925-27 = 100..
Miscellaneous data:
Construction wage rates:*§
Common labor (E. N. R.).do\. per hour-.
Skilled labor (E. N. -R.)_.dol. per hourFarm wages, without board (quarterly)
dol. per month..
Railroads, wages.dol. per hour..
Road-building wages, common labor:#
United States
__.dol. per hour..
East North Central
dol. per hour..
East South Central
dol. per hour..
Middle Atlantic.
dol. per hourMountain States
dol. per hour..
New England
dol. per hour..
Pacific States
dol. per hour..
South Atlantic
dol. per hour_.
West North Central
dol. per hour..
West South Central
dol. per hour..
Steel industry:
U. S. Steel Corporation
dol. per hour..
Youngstown district...percent base scale..

87.6

75.6

77.9

81.2

83.0

82.1

82.4

81.8

80.6

81.7

83.9

84.9

84.6
87.5
90.5

73.4
72.8
83.5

74.7
74.5
87.5

77.8
79.2
88.2

80.0
80.9
89.7

78.7
80.1
89.7

79.9
80.2
88.2

79.3
78.5
86.0

78.3
78.5
85.4

79.8
79.3
85.7

81.1
81.5
88.9

81.4
83.7
90.3

83.9
86.8
90.5

.604

.594

.594

.594

.595

.597

.598

.599

.599

.598

.601

.601

.602

.667
.501
.435

.658
.490
.428

.656
.487
.428

.656
.491
.430

.659
.490
.431

.659
.494
.433

.650
.492
.434

.661
.493
.436

.660
.493
.436

.659
.489
.434

.663
.491
.435

. 665
.491
.434

.665
. 497
.435

82.3
80.0
81.7
94. 4
83.7
86.0
84. 5

7a. 4
72.3
76.4
87.3
79.1
76.7
73.0

76.3
73.7
83.0
88.9
81.6
78.4
75.2

77.1
74.4
83.8
89.1
82.6
78.1
74.3

79.6
77.1
84.9
90.4
83.3
81.4
78.4

78.6
77.7
86.0
92.0
85.0
82.4
79.3

78.3
77.3
84.8
91.3
84.1
82.4
80.5

77.1
75.8
84.2
91.8
83.0
81.4
79.8

77.6
76.3
84.0
91.3
83.0
79.4
80.8

76.3
77.3
84.3
90.6
82.6
76.5
81.2

71.2
78.2
85.8
93.1
84.7
83.0
81.2

77.6
79.2
86.7
92.7
85.7
82.9
85.9

78.6
80.8
86.0
94.2
85.2
87.1
84.6

.528
1.10

.539
1.12

.541
1.12

.538
1.11

.524
1.10

.524
1.11

,526
1.10

.523
1.08

.527
1.07

.529
1.08

.529
1.08

.529
1.08

.529
1.10

.632

26.69
.636

.647

.667

28.82
.647

.676

.669

30-08
.670

.662

.658

30. 38
.669

.667

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

.41
.51
.30
.42
.55
.42
.57
.32
.47
.34

.40
.52
,30
.42
.55
.42
.57
.32
.48
.34

.39
.52
.30
.42
.55
.43
.57
.31
.47
.35

.39
.53
.30
.44
.55
.45
.55
.31
.47
.36

.39
.52
.30
.44
.55
.47
.55
.31
.46
.37

.40
.53
.30
.43
.56
.45
.55
.31
.46
.37

.41
.53
.30
.43
.56
.43
.55
.31
.47
.37

.42
.53
.30
.43
.57
.43
.56
.31
.47
.37

.42
.53
.30
.43
.57
.43
.57
.31
.47
.36

.42
.54
.30
.43
.57
.44
.57
.31
.47
.36

.42
.54
.30
.43
.57
.46
.57
.31
.47
.36

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

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

FINANCE
BANKING
Acceptances and com'l paper outstanding:
322
343
321
328
375
413
466
543
516
493
561
387
303
Bankers' acceptances, total, .mills, of dol._
Held by Federal Reserve banks:
For own account
. . mills, of dol.
For foreign correspondents
1
mills, of dol
Held by group of accepting banks, total
292
317
296
423
391
356
497
485
452
358
517
301
339
mills, of dol_ _
154
148
197
178
162
243
238
217
182
252
145
148
178
Own bills
mills, of dol_.
147
163
148
154
226
214
193
254
247
235
175
265
161
Purchased bills
mills of dol
22
29
24
26
43
46
41
Held by others
..mills, of dol__
44
19
30
30
27
24
Com'l paper outstanding
mills, of dol..
159
164
182
175
173
166
171
177
178
178
183
177
180
Agricultural loans outstanding:
Farm mortgages:
1,998
2,017
2,024
2,036
2,047
2,059
1,975
1,976
1,886
1,916
1,943
1,961
Federal land banks
mills, of doL_
2,066
208
201
230
223
215
256
246
239
180
266
195
184
190
Joint stock-land banks t mills, of doL.
786
697
617
733
743
687
665
587
716
643
755
765
777
Land-bank commissioner*.mills, of doL.
Federal intermediate credit bank loans to
and discounts for:*
Regional agricultural credit corp's and
production credit ass'ns-.mills. of doL131
129
125
115
124
130
100
100
103
100
101
115
101
64
86
89
87
50
68
88
90
88
All other instiuttions
mills, of doL.
64
83
60
53
• Revised.
t Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues. Massachusetts weekly earnings for 1931, p. 19, August
1933; and for 1932-34, p. 20, September 1935; factory hourly earnings for 1933, p. 20, July 1934.
< Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue.
?
§ Construction wage rates as of Dec. 1, 1935—common labor, $0,528; skilled labor, $1.10.
# Beginning with March 1932 data are based on Federal-aid and State projects; before that time the data are based on Federal-aid projects.
t Joint-stock land banks in liquidation.
* New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Factory weekly earnings for period of January
1927 through August 1932, p. 20, October 1932; factory hourly earnings for January 1926-December 1931, p. 18, December 1932; weekly earnings Massachusetts for January
1926-December 1931, p. 18, December 1932; construction wage rates for January 1922-July 1933, p. 19, September 1933. Additional series on agricultural loans were first
Included in the June 1934 issue for land-bank commissioner for period July 1933-April 1934.
A Break-down of figures shown in issues up to November 1934.




28

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

January 1936
1935

February

March

April

May

June

July

August

8e

gf-

October

FINANCE—Continued
BANKING—Continued
Agricultural loans outstanding—Continued.
Other loans:
Agricultural marketing act revolving
fund loans to cooperatives!
49
mills, of doL,
54
50
50
57
50
47
55
49
46
45
47
46
Banks for cooperatives, incl. Central
24
32
29
28
28
30
Bank*
mills, of doL
25
25
31
51
43
48
Emergency crop loans*
126
75
124
78
76
125
77
95
127
78
mills, of doL109
114
122
110
86
105
61
71
97
113
Prod.cred. ass'ns*
mills, of doL.
44
58
65
112
90
105
80
73
82
87
78
77
69
Regional ag. credit corp.* mills, of dol_.
46
91
85
65
59
25, 730
31, 744
30, 200
31,581
31,651
33, 394
Bank debits, total
mills, of dol.. 32, 344 24, 752 30,915
30, 063
32, 095
30, 376
29,141
12, 549
15,895
14,551
15, 214
15,905
15, 667
16, 737
14, 997
New York City
mills- of dol~ 15, 542 11,343
14, 733
14,014
15, 849
15,655
15, 746
16, 657
15,914
10' 902
15, 643
15,127
Outside New York City
mills, of dol— 10, 802 13, 409 15, 701 15, 066 13,181
Brokers' loans:
Reported by N. Y. Stock Exchange
809
816
773
793
831
825
880
805
769
772
mills, of doL.
840
792
781
2.54
2. 29
2.23
2.50
2.45
2.59
2.40
1.98
1.94
2.50
Ratio to market value
percent..
1.88
1.84
1.93
By reporting member banks:
To brokers and dealers in N. Y.*
070
883
718
881
825
778
mills, of doL.
850
840
To brokers and dealers outside N\ Y.*
161
172
192
170
100
mills, of dol—
173
10!)
Federal Reserve banks:
8,332
8,442
8,873
8,833
8,719
9, 105
9,529
9,556
9, 749
Assets, total
mills, of doL. 10, 780
10,410
9. 872
Reserve bank credit outstanding
2,465
2,461
2, 471
2,480
2,453
2,463
2, 409
2,485
2,468
2,465
2, 480
2, 477
mills, of dol..
6
6
5
5
6
5
5
5
5
Bills bought
mills, of doL.
6
7
8
6
11
7
8
11
6
7
0
10
Bills discounted
....mills, of doL.
2, 430
2,430
2,437
2.430
2,433
2,430
2,430
2, 432
2,430
2,430
2. 430
2, 430
United States securities..mills, of dol..
5,680
5, 825
5,807
6,108
6,426
5,317
5,401
6,716
6,515
6,014
7, 500
0, 838
Reserves, total
mills, of dol..
5, 405
5,592
5, 559
5,901
6,203
5,143
6,107
6, 502
6,246
5,769
7, 347
7, 053
0, 033
Gold reserves§
mills, of dol..
8,719
8,833
8,873
9, 105
9, 529
8,332
8.442
9,749
9,556
9,096
10,410
9, 872
Liabilities, t o t a l . . mills, of dol.. 10, 780
4,810
4,893
4,889
5, 146
5,406
4,405
5, 562
5, 478
4,313
5,084
0,100
5. 999
5,013
Deposits, total
.mills, of dol..
4,543
4, 247
4,587
4, 832
4,979
4,096
5, 305
4,081
5,100
4,715
5, 835
5. 048
5, 254
Member bank reserves
mills, of dol..
2,206
1, 846
2.199
2, 318
2, 414
1,814
2,738
2,513
2,253
1, 801
3,000
3, 000
2, 030
Excess reserves (est.)*---mills, of doL.
3,085
3,166
3,154
3,189
3,258
3, 221
3,399
3,262
3,153
3, 213
3, 647
3 53'^
3, 474
Notes in circulation
mills, of doL.
72.0
72.3
72.2
73.3
74.2
70.8
74.9
74.5
70.6
73.0
77.1
75. 3
Reserve ratio
percent..
Federal Reserve reporting member banks:\
Deposits:
„
, , ,
11,414
11,688
12, 556
11, 499
11, 683
11,793
12, 921
12, 962
12, 231
13, 263
14, 018
13,598
Demand, adjusted*
mills, of dol-.
4, 810
4, 800
4,910
4,935
4,800
4,878
4,842
4,856
4,991
4,839
4, 872
4, 899
4.890
Time
mills, of dol.. 12,480
11,481
10, 817
11,367
11, 709
11,676
11,520
11,791
12, 034
11, 804
12, 022
12, 470
12,390
Investments"!mills, of dol..
7,778
7,265
7,810
7,791
7,858
7, 902
7,824
7,771
U. S. Qov. direct obligations**
7,947
7,877
8,301
8,177
8,183
mills, of dol_.
605
641
004
772 I 782
731
791
972
1,017
1,035
1, 137
1,133
1, 094
TJ. S. Gov. guaranteed issues**
2,947
3,007
3,079 i 3,120
3,107
3,070
3,110
2, 955
3, 042
2,998
2,995
3,100
3,133
mills, of dol_.
8,023
8, 111
8,171
8, 084
8,155
7,811
7,817
8,061
8,037
8,115
8,152
7, 002
8. 030
Other securities**
.mills, of dol..
Loans, total
mills, of dol..
4G8
446
440
375
450
445
322
403
306
310
353
329
Acceptances and commercial paper* A
1,122
1,136
1,123
1,119
1,157
1,140
1,129
1,147
1,136
1,135
1,140
1.140
1,144
mills, of dol_.
122
123
120
118
104
162
83
103
122
75
150
81
87
On real estate* *
-mills, of dol..
3,124
3,192
3, 102
3,105
3, 219
3, 208
3,076
3,132
3,156
3,009
3,108
3, 000
3, 095
To banks
mills, of doL.
3,214
3, 300
3,317
3,270
3,300
3,190
3,194
3, 277
3,261
3,288
3,401
3, 340
3,380
On securities
.mills, of doL.
yH
Other loans* *
mills, of doL.
Vs
Vs
H
1$
H
Vs
Vs
1.00
1.00
I. 00
1.00
.25
Interest rates:
.25
.75
1.00
3
3
Acceptances, bankers' prime
percent.
A
n-i
H
A-i
H
i. 50
1.50
1.50
1.50
Call loans, renewal
...percent.
1.50
1.50
1.50
1.50
1 50
1.50
1. 50
1.50
4.25
5.00
5.00
4.33
4.00
Com'l paper, prime (4-6 mos.)...percent4. 00
4. 00
4.00
1.50
5.00
5.00
5.00
4.00
2.00
2.00
2.00
2.00
2.00
Discount rate, N. Y. F. R. Bank-percent..
2.00
2.00
2.00
4.19
2.00
2.00
2.00
2.00
Federal Land bank loans*
percent..
2.00
l
3
/i-1
Intermediate credit bank loans.-.percent-J-i-1
A 3 /4-l
M
H
H
Real estate bonds, long term
percent-.
5,142
5,119
5,185
5,154
5,147
5,161
5,187
5,158
5,152
5, 154
Time loans, 90 days
percent..
5, 101
Savings deposits:
New York State
mills, of dol.. 1,198,801 i, 203, 548 1,207,428 1,200,767 1, 205, 429 1,202,657 1,200,425 1,205,201 1,204,844 1,189,490 M,191,754 1,191.723 1,190,453
277, 102 550, 608 539,547 508,312 490, 653 477,111 451, 563 411,714 384, 510 363,001 °347,870 323, 092
291, 450
U. S. Postal Savings:
Bal. to credit of depositors.thous. of dol_.
Bal. on deposit in banks.thous. of doL.
FAILUKES
1,184
923
963
1,005
976
1, 027
931
961
927
1,115
910
1,097
800
Commercial failures:
89
116
99
100
92
74
76
77
78
65
103
100
Total..
number
269
229
223
225
243
237
235
228
260
197
223
189
Agents and brokers
number10
10
6
4
9
4
6
8
1
7
8
3
Manufacturers, total
number..
32
15
17
22
25
'21
20
32
26
16
21
21
Chemicals, drugs, and paints.number7
5
9
9
11
10
10
9
9
1
14
9
Foodstufls and tobacco
number..
32
32
33
28
29
28
17
33
30
41
23
35
12
Leather and manufactures._.number..
26
25
26
27
29
37
29
27
28
23
19
38
15
Lumber.
.number8
14
10
10
15
9
4
12
17
7
12
9
11
Metals and machinery
_.number-.
9
12
7
11
8
9
8
12
11
7
12
4
16
Printing and engraving
number-.
29
43
40
37
24
31
51
27
40
47
30
30
26
Stone, clay, and glass
number
90
76
8S
80
93
93
75
73
97
102
72
Textiles
number..
Miscellaneous
number,.
"Revised.
tRevised series. Certain classes of loans included in figures shown through May 1934 hnve been reclassified and removed from the agricultural loan category
*New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues. xVdditionai series on agricultural loans were first included
in the June 1934 issue for banks for Cooperatives, including Central Bank and Productive Credit Associations, for October 1933-April 1934, and Emergency Crop Loans
and Regional Agricultural Credit Corporations for April 1933-April 1934. Data for Emergency Crop Loans for fiscal years from June 1922-June 1931, and monthly periods
for January 1932-March 1933, and Regional Credit Corporations for October 1932-March 1933 will be shown in a subseauent issue. New series on "Brokers' Loans"
not available prior to September 1934. For new series on interest rates of Federal land banks see p. 20 of the April 1935 issue. Data on excess reserves prior to September
1934 will be shown in a subsequent issue.
•These 3 series represent a break-down of the investment total. Monthly data previous to October 1934 not available.
A
Data on acceptances and commercial paper, on real estate, to banks and other loans represent a break-down of the "All other" loans total which was published prior
to October 1, 1935.
§ Figures subsequent to December 1933 represent gold certificates on hand and due from Treasury, plus rfviemption fund
JMethod of computing net demand deposits subject to reserve was changed by the "Banking Act of 1935" approved Aug. 23, 1935. Consequently figures since that
date are not comparable with those for earlier periods. Data for months August 1934-August 1935 were incorrectly shown in the October 1935 issue.
IData on Federal Reserve Reporting Member Banks represent operations in 101 leading cities. These series, according to a statement in the Federal Reserve Bulletin
for November 1935, in the main, represent a continuation of the 101 city series published prior to the bank holiday. It is pointed out: hat although the banking crisis and
subsequent developments affected these series considerably, the data reflect the course of banking developments 1 uring the disturbed period. Data on 101 cities were last
the new
not shown above will appear in
brokers' loans by reporting mem shown in the May 1933 Survey for February 1933. Figures on 101 citiesbasis shown in the May 1933 Survey.a subsequent issue. Data on marked " • " and " A " on Federal
ber banks also represent a continuation of the series covering
last
See special footnotes above
Reserve member bank loans and investments.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

n

29

SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

1935
March

April

May

June

July

August Septem- October
ber

FINANCE—Continued
FAILURES—Continued
Commercial failures—Continued.
Total—Continued.
Traders, total
number..
Books and paper
number..
Chemicals, drugs, and paints
number..
Clothing
number..
Food and tobacco—
number..
General stores
number..
Household furnishings.
number. _
Miscellaneous
number,Liabilities, total
thous. of dol..
Agents and brokers
.thous. of doL.
Manufacturers, total
thous. of dol_.
Chemicals, drugs, paints
thous. of doL.
Foodstuffs and tobacco—thous. of doL.
Leather and manufactures
thous. of dol .
Lumber
thous. of doLMetals and machinery.-thous. of doL.
Printing and engraving-.thous. of doL.
Stone, clay, and glass
thous. of dol..
Textiles
thous. of doL.
Miscellaneous
thous. of doL.
Traders, total.
--thous. of doL.
Books and paper
thous. of dol..
Chemicals, drugs, paints
thous. of dol. .
Clothing.
..thous. of doL_
Foods and tobacco
.-thous. of doL_
General stores
thous. of dol._
Ilqusehold furnishings...thous. of doL.
Miscellaneous
thous. of dol_.

615
7

597
1

638
6

826
13

660
8

654
10

777
12

692
13

657

620

648
9

560

710
14

51
83
269
23
94
88
20, 023
6,355
6,929

62
106
270
12
52
94
18, 350
4,988
6,396

55
129
274
26
60
88
19,911
4,503
7,578

76
164
320
18
118
117
18,824
5,375
5,319

53
128
296
24
70
81
18,738
4,722
6,383

56
86
293
26
87
96
18,523
5,006
6,842

47
110
345
33
103
127
18,064
2,673
5,601

80
85
330
25
71
88
15,670
2,171
6,205

65
102
281
18

59
85
285
26
75
81
20,447
6,838
4,994

53
114
282
24
66
100
17, 846
5,138
5,853

41
65
270
23
59
97
21,838
7,386
4,212

.57
116
3.57
14
01
91
22, 244
6, 072
7, 6.58

443
136

20
237

36
271

157
209

164
97

62
135

382
160

162
383

221
303

2.57

142
366
794
123
111
909
3, 905
6, 731)
30

94
1,018
342
183
316
481
3,705
6,966
5

73
1,652
991
281
138
350
3,786
7,830
51

59
836
818
135
132
550
2,423
8,130
124

315
1,291
1,054
180
265
784
2,233
7,633
61

235
1,678
1,761
83
269
670
1,949
6,675
63

234
1,474
287
363
302
527
1,872
9,790
117

350
527
3,247
284
866
1,435

634
1,027
2,567
155
1,117
1,481

478
1,719
2,942
311
678
1,651

580
1,431
2, 573
158
1, 789
1,475

421
1,044
3,028
327
645
2,107

525
622
2,730
551
744
3,440

Assets, admitted, totalf
mills, of dol— 19,109
Mortgage loans
.mills, of dol._
4,480
Farm___
_
mills, of dol._
812
Other
mills, of dol_.
3,668
Bonds and stocks held (book value):
mills of dol__
8,945
Government
mills, of dol._
3,569
Public utility
mills, of doL.
2,045
Railroad
mills, of doL.
2,622
Other A
mills, of dol—
709
Policy loans and premium notes
mills, of dol—
2,786
Insurance written:!
1,052
Policies and certificates
thousands..
25
Group
thousands. .
775
Industrial
thousands..
252
Ordinary
thousands..
Value, total
thous. of dol— 700,059
Group
thous. of dol— 36, 981
Industrial
thous. of dol._ 207, 408
Ordinary
thous. of dol— 455, 670

17,982
4,997
971
4,026

18,040
4,917
950
3,967

18,176
4,877
932
3,945

18,247
4,819
917
3,902

7,603
2,577
1,784
2, 630
612

7,834
2,804
1,791
2, 629
610

7,948
2,878
1,805
2,630
635

2,869

2,868

1,061
21
784
256
G76, 757
28,137
205, 463
443,157

1,260
54
922
2,84
838, 576
71, 394
239,873
527,309

236, 514
36, 771
7,845
48, 392
143,506

476
206
46
57
167

20,463
8,789
4,827

70
362

126

141
844
827
205
123
488
3,032
7,294
243

91
249
187
668
752
13
634
576
1,657
6,847
123

339
784
956
145
579
765
2,838
8,615
43

3
880
1,201
102
454
786
2,293
6,855
59

276
111
233
90
187
587
2, 204
10, 240

115
2, 237
486
4(50
4152
1,014
2, 536
8, 5.L4
108

398
761
4,924
329
1,376
1,885

719
556
3,438
165
914
1,259

823
588
2,288
235
1,317
1,423

496
1,064
3,734
200
1,109
1,969

419
688
2,997
232
678
1,782

327
1,107
5,561
203
1,863
1,152

398
1, 040
4, 270
79
698
1, 9121

18,302
4,765
898
3,867

18,382
4,717
883
3,834

18,479
4,668
868
3,800

18,567
4,631
855
3.776

18, 696
4,590
844
3,746

18, 786
4,552
831
3,721

18,887
4,517
821
3, 696

18,990
4, 502
820
3, 682

8,016
2,959
1,812
2,635
610

8,097
3,013
1,829
2,637
618

8,201
3,087
1,850
2,643
621

8,327
3,163
1,881
2,639
644

8,375
3,199
1,888
2, 637
651

8,531
3,264
1,973
2,623
671

8,639
3,318
1,998
2,627
696

8,693
3,385
1, 979
2,633
696

8, 854
3,515
1,997
2, 6c.5
707

2,861

2,854

2,846

2,841

2,834

2,829

2,821

2,813

2,807

2, 707

1,051
24
745
282
824,903
27, 348
196, 255
601,300

1,054
14
790
250
721, 391
20,388
209,017
491,986

1,103
1,185
1,047
1,151
38
23
32
28
804
892
854
769
261
269
265
250
768, 491 733,870 732,188 697,471
30, 611 37,495 50, 231 39, 537
235, 261 228,188 215,323 205,951
502,619 468,187 466,634 451,983

1,022
942
1,161
24
20
167
764
699
756
234
223
238
904,149 651,193 573,481
267, 582 26, 524 22, 501
203, 465 208, 508 190,014
433,102 416,161 360, 936

1, 229
26
9U
2C'9
728, 438
31, 338
233, 988
463,112

367, 481
73, 579
9,753
104, 056
180,093

302,195
71, 797
9,864
52, 549
167,985

244, 330
27, 352
8,785
53, 512
154, 681

252, 456 252,982
26, 605 29,231
10,114
8,580
54, 257 54,625
161,480 160,546

590
251
59
71
209
135

645
305
55
70
215

534
231
53
61
189

LIFE INSURANCE
(Association of Life Insurance Presidents)

Premium collections!
thous. of dol—
Annuities
thous. of dol—
Group
thous. of dol—
Industrial
tbous. of dol—
Ordinary
thous. of dol..
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total
mills, of dol—
Eastern district
mills, of dol—
Far Western district
mills, of dol__
Southern district
mills, of dol—
Western district
mills, of doL.
Lapse rates
1925-26=100..
MONETARY STATISTICS

495
208
51
60
176

545
233
54
64
194

540
226
54
66
194

255,226
33,800
48, 658
163,802
500
203
52
62
183

242,554 269,121 240, 321
30,611 39,836 32, 591
9,567
9,281
8,415
52, 331 55,488 51, 561
151,197 164,230 146,888

490
201
51
59
179
126

483
199
50
58
176

456
183
50
57
166

225, 617
24,716
8,537
53, 941
138, 423

254, 3C9
31, 809
9,406
49, 789
163,365

414
1G8
44
53
149

502
215
II

eo

176

Foreign exchange rates:#
.326
Argentina •
dol. per paper peso..
.330
.325
.318
.330
.331
.328
.326
.322
.329
.327
.333
.329
.169
Beigium
..dol. per belga..
.228
.169
.169
.169
.169
.168
.169
.233
.234
.233
.233
. 169
.083
Brazil
dol. per milreis..
.084
.082
.082
.082
.081
.082
.083
.084
.083
.084
. 083
.999
Canada
dol. per Canadian dol—
.989
1.013
1.002
.999
.991
.998
.998
1.025
.995
.986
. 993
.051
Chilei
dol. per peso..
.051
.102
.051
.051
.051
.104
.051
.051
.051
.051
.051
.051
4.89
England..
..dol. per £_.
4.78
4.96
4.97
4.84
• 93
4.91
4.92
4.95
4.99
4.89
4.87
4.93
.066
France
dol. per franc.
.066
.066
.066
.066
.066
.066
.066
.066
.066
. 066
'
.066
.066
.402
.404
.404
.403
Germany
dol. per reichsmark..
.403
.404
.402
.402
.402
.402
.401
.402
.401
.369
.360
.373
.375
India
dol. per rupee..
.364
.370
.372
.372
.371
.375
.372
.369
.368
.082
.083
.082
.082
.083
.081
.081
Italy
dol. per lira..
.081
.085
.083
.085
.085
.085
.287
.280
.292
.293
.284
.287
.289
Japan
dol. per yen..
.287
.288
.285
.284
.291
.290
.676
.680
.680
.678
.675
.677
.676
Netherlands
.dol. per florin..
.678
.676
.676
.675
.676
.679
.137
.137
.137
.137
.137
.137
.137
Spain
...dol. per peseta..
.136
.137
.137
.136
.137
.137
.252
.246
.256
.256
.249
.253
.254
Sweden
dol. per krona..
.254
.255
.252
.257
.251
.254
.801
.805
.805
.805
.802
.802
.801
Uruguay
.dol. per peso..
.802
.802
.802
.800
.801
.804
f Revised series. For earlier data see pp. 18,19, and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections.
1 The nominal official gold value of the Chilean peso was changed from 3 pence gold to 1H pence gold as of Jan. 2, 1935.
# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar
• Quotation based on paper peso since Dec 10,1933, instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.
A. The figures for "other" bonds and stocks held (book value) for the months of January and February 1934 shown as 611 and 616 million dollars, respectively, in the
monthly issues from May 1934 to April 1935 should read 514 for January and 518 for February.




30

SUEVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935 I
together with explanatory footnotes and references to the sources of the data, may be found NTovem-1 Novein- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber I ber
ber
ary

January 1936
1935

March

April

May

June

July

August

Septem
ber

October

FINANCE—Continued
MONETARY STATISTICS—Continued
Gold and money:
Gold:
Monetary stocks, U. S—_.mills, of doL.
Movement, foreign:
Net release from earmark.thous. of doL.
Exports
thous. of doL_
Imports
thous of dol
Net gold imports, including gold released from earmark A*-thous. of dol._
Produetion, Rand
fine ounces. _
Receipts at mint, domestic .fine ounces..
Money in circulation, total-mills, of dol._
Silver:
Exports
thous. of dol—
Imports
thous. of dol—
Price at New York
dol. per fine oz~
Producton, world*
thous. of fine oz...
Canada
thous. of fine oz_
Mexico
- thous. of fine oz..
United States
thous. of fine oz~
Stocks, refinery, end of month:
United States
thous. of fine oz~
Canada
thous. of fine oz _

9,777

8,047

8,191

8,284

8,465

8,552

8,641

8,755

9,025

9,128

9,180

9,246

9,545

573
242
210, 810

-85
310
121,199

61
140
92, 249

1,131
363
149, 755

236
46
122,817

-661
540
13, 543

-2,301
62
148,670

-1,535
49
140,065

998
166
230, 538

—423
59
16, 287

1,373
102
46,085

1,015
86
156,805

-1,864
76
315, 424

211,141

120,804
878,847
96, 365
5,494

92,170
866,037
119,864
5,577

150, 523
890,875
98,590
5,411

123,007
821, 246
79, 564
5,439

12,342
882,309
117, 786
5,477

146,307
809, 956
97,080
5,500

138,481
916,035
114, 552
5,507

231, 370
889, 026
112, 619
5,522

15, 805
927, 803
167, 667
5,550

47, 356
929, 331
155,793
5,576

157, 734
902, 333
173,899
5,651

313,484
931,724
191, 898
5,704

1,698
15,011
.543
15, 349
1,517
6,241
1,976

1, 014
8,711
.544
15, 462
1,187
5,614
2,917

1,248
19, 085
,544
16, 703
1,531
6,892
2,722

1,661
16, 351
.546
16,167
905
6,640
3,411

3,128
20,842
.590
14, 951
966
5,107
2, 950

1,593
11, 002
.678
14,550
1,001
5,192
2,579

2,885
13, 501
.744
16,072
1,896
5,193
2,693

1,717
10, 444
.719
15,157
1,148
5,432
2,387

1,547
30, 230
.682
17, 309
1,156
6, 454
3,352

2,009
30,820
.664
19,927
1,703
8,553
3,170

1,472
45, 689
.654
«18,791
1,185
7,444
3,548

260
48,898
.654
16, 724
1,031
5, 237
4,008

916
2, 955

1,146
2, 743

1,369
3,452

1,614
3,144

1, 853
3,106

2,372
2, 513

3,280
2,112

2,351
1,930

1,943
1,842

1,487
1,576

1,691
1,746

149,144
5,770
512
60, 005
.654
1, 300
3, 814
538
1, f>()5

1,076
1,418

NET CORPORATION PROFITS
(Quarterly)
Profits, totalf
mills, of doL.
Industrial and mercantile, total
mills, of dol .
Autos, parts and accessories
mills, of do!..
Foods
. . .
mills, of dol Metals and mining
mills, of dol—
Machinery.
_ _mills, of dol _
Oil
mills, of dol
Steel and railroad equip
mills, of dol.._
Miscellaneous
mills, of dol _
Public utilities!
mills, of del
Railroads, class I (net railway operating
income)
mills, of dol..
Telephones (net op. income) mills, of dol-

358.5

356. 8

115.2

157.8

143.8

*3.0
p 17. 9
p 8.4
2.4
8.6
d
10. 5
» 35.1
41 6

*45. 6
18.9

67.7
19.2
P9. 4
6.5
v io 6
4,2
6.5
42.4

36.8
23.5
10.8
6.2
16 0
2.9
47.6
39.3

119.3

84.8

110.0
48.3

126.3
47.4

»68.9
d

9.4 1
4 6
1 9 1

^0.8 1
35 6
44 7

.

PUBLIC FINANCE (FEDERAL)
29,421
28, 668
Debt, gross, end of month
mills, of dol— 29,634
29, 462
29,120
28, 526
28, 817
28,638
28, 701
29,033
27, 299
28, 479
28, 476
Expenditures, total (incl. emergency) d1
thous. of dol._ 573,013 656, 589 663, 725 481, 343 528,998 576, 224 815,151 » 283,651 930, 747 847,317 701, 774 457, 776
870, 026
Receipts, total!
„
thous. of dol— 284,636 292, 219 439, 088 233, 486 237, 248 645. 605 267,822 266,178 496,042 301, 883 330, 301 586, 339
288, 867
31,453
31 226
29, 704
Customs
-thous. of dol
30, 339
33, 276
29,711
32, 303
37,127
24, 960
26, 351
28,177
28, 376
32, 428
192, 218
Internal revenue, total
thous. of dol— 184,096 189,119 333, 785 194, 366 181, 621 557, 304 194,083 206, 677 427, 906 236, 962 229,639 378, 870
24, 385
24,835 251, 889
28, 213
Income tax
thous. of dol— 21, 753
23, 963
23,172 230, 227
33, 310 321, 908
22, 321
22, 528 163,057
Reconstruction Finance Corporation loans
outstanding, end of month:f§
Grand total
thous. of dol— 2,795,737 2,664,115 2,682,007 2,657,851 2,652,006 2,636,883 2,644,990 2,659,850 2,747,497 2,813,311 2,822,360 2,829,186 2, 811, 325
Total section 5 as amended.thous. of dol— 1,004,374 1,285,262 1,295,746 1,251,295 1,217,078 1,179,938 1,103,714 1,160,976 1,137,162 1,102,819 1,082,977 1,061,465 1,032, 390
Bank and trust companies, including
receivers
thous. of dol — 387, 288 595. 070 026, 390 591, 633 564, 481 535, 362 519, 200 498, 977 480, 404 455, 928 441, 825 427, 657
411, 729
Building and loan assoc.thous. of dol—
11,182
10, 294
8,854
10, 307
13, 428
7, 860
12,129
8,359
9,494
22, 558
19,951
9, 808
15, 477
Insurance companies
thous, of dol—
19, 841
21,157
18, 052
17,163
22, 526
9, 372
21,959
10,011
17, 628
19, 231
29, 250
24, 745
23, 953
Mortgage loan companies
thous. of dol._ 131, 394 155, 628 159, 736 155,840 154, 957 151, 491 148, 861 146, 257 145,551 139,972 136, 396 132, 340
131,771
Railroads, incl. receivers.thous. of dol__ 412, 795 361,830 376, 894 379,464 379, 702 380,199 386,612 413,414 414,344 413,338 413,350 412, 903
412,810
All other under section 5_ thous. of dol— 55, 659 120, 926
70, 702
72,193
62, 442
65, 252
84, 92S
88, 030
57,710
81, 984
67, 824
78,798
64, 284
Total emergency relief and construction
act as amended
thous. of dol— 758, 373 465, 591 473,037 478, 385 481, 064 489, 673 502, 596 512, 671 614, 743 700, 359 724,797 746, 800
751,487
Self-liquidating projects.thous. of dol— 173, 139 116,891 122, 536 125, 203 127, 004 132,134 134, 208 137,311 146,457 148,525 154,690 168, 259
167,266
Financing of exports of agricultural surpluses
thous. of dol
14, 962
14, 926
14, 300
14, 953
15,103
14, 531
14, 517
14, 300
14,517
14, 300
14, 992
15,176
15,176
Financing of agricultural commodities,
62, 744 156, 066 239, 629 257,969 267,142
55, 656
44,875
and livestock
thous. of doL. 274, 233
40, 288
40, 579
272,118
35, 935
37, 552
Amounts made available for relief and
296,803
work relief
thous. of doL. 296, 701 297,774 297, 774 297, 718 297, 718 297, 711 297, 710 297, 690 297, 689 297, 688 297, 621, 297,099
Total bank conservation act as amended
906, 900
thous. of doL. 907, 270 849, 432 863,984 873,979 895, 904 902, 833 900, 013 902, 099 905, 262 903, 508 902, 629 904, 341
Other loans and authorizations
84,104
54,192
120, 548
64, 439
51, 960
90, 330 106, 595 111,957 116,580
78, 667
63,830
49, 240
thous. of dol_. 125, 720
d
A Or exports (—).
• Revised.
» Preliminary.
Deficit.
• D a t a are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series for the period January 1928-August 1934 presented
in the SURVEY covered the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931,82.0; 1932, 75 5;
and 1933, 77.5.
d" Series revised to include emergency expenditures. Figures as shown in Survey for months prior to M a y 1932 are comparable with this series. Comparable figures
for the period M a y 1932 to March 1933 are on p. 33 of the June 1934 issue. Later data are shown in monthly numbers.
"The item of $333,245,378 carried by the Treasury as a credit under the trust funds for M a y represents a transfer of that amount from the general fund to the trust funds.
Amount represents deposits of governmental agencies for which Treasury has been acting as fiscal agent. The amount therefore has not been included in the M a y total of
receipts and expenditures.
I F o r 1934 includes $2,808,221,138 for February, $2,233,252 for March, $409,052 for April, $298,868 for M a y , $213,447 for June, $272,163 for July, $268,204 for August, $134,843
for September, $173,702 for October, $116,585 for November, $132,296 for December. For 1935 includes $123,639 for January, $68,241 for February, $157,326 for March, $89,144
for April, $96,103 for M a y , $105,773 for June, $05,219 for July, $62,055 for August, $62,940 for September, $56,256 for October, and $65,780 for November, representing the increment resulting from reduction in weight of gold dollar.
*For earlier data on net gold imports see p . 20 of the December 1932 issue.
§This excludes relief grants to States by the R. F . C. under the Emergency Relief Act of 1933 upon certification of grants b y the Federal Emergency Relief Administrator. During 1934 these amounted to $499,650,000 on J a n . 31, Feb. 28, Mar. 31, and Apr. 30, $500,000,000 disbursed for relief purposes under Emergency Appropriation Act
of 1935, and $10,000,000 purchase of stock in R. F . C. Mortgage Co. and $12,500,000 for preferred stock subscription in export-import banks.
fRevised series. See p. 19 of the J u l y 1934 issue, corporation profits total for period 1928-35 and p . 20 of the October 1935 issue for public utilities, 1928-35. T h e data of
the Reconstruction Finance Corporation has been revised to include the statistics of certain loaning agencies of the Corporation not included heretofore and for revisions
made in recent audits. Revised data for February 1932-June 1935, inclusive, are shown on p . 20, of August 1935 issue.




31

SURVEY OF CURRENT BUSINESS

January 1936

1935

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

May

March j April

January

June

July

August

SeptemOctober
ber

470. 850
470, 850
0
126.760
86, 700
0
325
325

511,910
511,910
0
129,164
28,500
0
0
0

644. 452
644,452
0
541,975
173,433
0
0
0

435, 921
359, 921
76,000
209,862
92,378
0
5,660
0

435, 763
435, 763
0
275, 854
94, 707
0
475
0

FINANCE—Continued
CAPITAL ISSUES
Total, all issues (Commercial and Financial
Chronicle)
thous. of doL.
Domestic, total
thous. of doL.
Foreign, total
thous. of doL.
Corporate, total
„ - t h o u s . of doL.
industrial
thous. of doL.
Investment trusts
thous. of doL.
Land, buildings, etc
thous. of doL.
Long-term issues
thous. of doL.
Apartments and hotels
thous. of doL.
Office a n d commercial
thous. of doL.
Public utilities
thous. of doL.
Railroads
thous. of doL.
Miscellaneous
thous. of doL.
Farm loan and Gov't. agencies •
thous. of doL.
Municipal, States, etc
thous. of doL.
Purpose of issue:
New capital, total.
.thous. of doL.
Domestic, total
. . . t h o u s . of doL.
Corporate
thous. of doL.
Farm loan and Gov't. agencies
thous. of doL.
Municipal, States, etc.thous. of doL.
Foreign
thous. of doL.
Refunding, total
thous. of doL.
Corporate
thous. of doL.
T y p e of security, all issues:
Bonds and notes, total
thous. of doL.
Corporate
thous. of doL.
Stocks
thous, of doL.
State and municipals (Bond Buyer):
Permanent (long term)
thous. of doL.
Temporary (short term)
thous. of dol_.

378,183
378,183
0
250. 503
32, 750
0
600
0

*141,891
'131,891
10, 000
29, 800
600
0
0
0

186,127 140,852
186,127 140,852
0
0
47, 259
7,726
4,038 I
4,319
0
18, 500
0
0
0
0

95,818
95,818
0
29, 791
7, 791
0
0
0

288, 495
288, 495
0
120,165
44, 750
0
0
0

503,148
503,148
0
155,878
21, 200
0
568
568

362, 609
362, 699
0
252, 30f
65. 409
4, 000
482
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0
217,153
0
0

0
28,000
1,200
0

0
1,360
23,072
290

0
2,963
0
444

0
11,000
8, 000
3,000

0
58, 470
16,945
0

0
84. 339
27,400
22,372

0
19, 500
20, 235
0

0
88,164
12, 500
0

0
338,591
651
29, 300

0
35,412
73,412
3,000

0
164, 172
16, 500
0

0
180, 644
0
l,7'70

1.7, 254
110, 426

10, 000
« 92, 091

18, 300
120, 568

36, 200
96, 926

12, 500
53, 527

20,000
148, 330

195,500
151,770

267, 394
76, 696

319,000
63, 746

10, 500
91, 977

85, 562
G4,498

12, 700
147, 209

38, 962
71, 343

117,446
117, 446
33, 289

104,300
'104, 300
8,227

140,941
140,941
34,861

92,097
92,097
5,267

50,011 I108,079
50,011 I108, 079
6,500 I 7, 945

89,850
89,850
21,988

86, 395
86, 395
45,193

58.0S3
58,083
13,67(1

134,127
134,127
55, 090

151,537
151,537
29, 795

177,139
177,139
45,087

145,5:4
145, fr 4
73, 003

0
84,157
0
260, 737
217,215

10,000
« 86, 074
0
« 37, 591
21, 573

0
106,080
0
45,185
12, 398

6,000
80,. 830
0
48, 755
2,459

0
43, 511
0
45,807
23, 291

0
100,134
0
180,416
112, 220

3, 500
0
0
64,362
41, 202
44, 407
0
0
0
413,299 384, 45") 453, 827
113,891
81, 567 115,488

0
83.322
0
510,325
486, 885

85, 262
3G, 480
0
284, 385
180,067

0
132,052
0
258, 624
230, 767

15,000
57,512
0
217,185
179, 392

374,433
246, 753
3, 750

•141, 891
29, 800
0

184,800
47, 259
1,327

138, 848
5,722
2,004

95,818
29, 791
0

288,495
120,165
0

498,454 464, 650
155,879 120, 560
4, 695
6,200

511,910
129,16!
0

611, 219
508, 742
33,233

406, 559
209,862
29,362

431,930
275, 854
3,827

344,078
233, 774
18, 621

89, 879
23,160

114,183
42, 023

83,003
119,686

56,113
50, 946

146,403
64,496

159,223
84, 680

86, 580
34,427

70, 754
36, 037

94,293
83, 833

52,956
32, 941

115,014
81,415

70, 1<X)
124, 087

89.85
91.68
80.97

90.73
92.57
81.58

91.30
93.35
81.06

91.29
93.35
80.94

89.49
91. 79
77.80

90.69
92.95
79.50

90.62
92.81
79.84

91.62
93.94
80.17

91.71
94.12
79.74

90.54
93.07
78.12

89. 93
92. 65
76.73

« 90. 23
« 92. 84
77. V2

82.05

83.91

86.02

83.16

79.00

78.37

79.60

81.08

81.95

81.90

81.82

r
70. - 1

89.77

SECUEITY MARKETS
Bonds
Prices:
91.08
All listed bonds (N. Y. S. E.)
dollars..
93. 69
Domestic issues
dollars..
Foreign issues
dollars..
78.45
Domestic (Dow-Jones) (40)
percent of par 4% b o n d . .
83.52
Industrials (10)
percent of par 4% bond_.
92.38
Public utilities (10)
percent of par 4% b o n d . .
92.96
Rails, high grade (10)
percent of par 4% b o n d . .
114.32
Rails, second grade (10)
56.93
percent of par 4% b o n d . .
103. 5
Domesticf (Stand. Stat.) (60)
.dollars..
U S. Government (Stand.
Stat.)*..do\\ars.. 106. 45
Foreign (N. Y. Trust) (40).percent of p a r . .
59.93
Sales on New York Stock Exchange:
Total
thous. of dol. par value. _ 301,977
Liberty-Treas.-thous. of dol. par value._
19, 252
Value, issues listed on N. Y. S. E.:
Par, all issues
mills, of d o L . 42, 232
Domestic issues
mills, of d o l . . 34,987
7, 245
Foreign issues
mills, of dol_.
M a r k e t value, all issues
mills, of d o l . . 38, 465
32, 781
Domestic issues
mills, of d o l . .
Foreign issues
mills, of d o l . .
5,684
Yields:
Domestic (Standard Statistics) (60) t
4.18
percent..
4.42
Industrials (15)
percent.3.02
Municipals (15)f
percent..
4.15
Public utilities (15)
percent.5.12
Railroads (15)
percent-Domestic, municipals (Bond Buyer) (20)
percent-.
3.23
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills* A
percent-.
182-day bills*A
percent..
U. S. Treasury bonds*
.percent..
2.73

77.13

80.06

83.07

83. 75

81.20

80.47

82.97

83.35

86.97

87.35

88.87

95.39

96.18

98.45

89.26

89.91

89.07

90.09

89.87

91.81

91.36

92.08

92. Cl

104. 68

107. 47

110. 25

112. 52

111.42

112.58

113. 57

115.07

116.65

113.83

113.83

112.55

63.49
98.8
104. 85
67.17

64.61
100.0
105. 53
66.83

65. 64
101.3
106. 50
70.10

62.22
101.3
107.11
68. 96

54.88
99.9
107.18
65.07

54.04
100.0
107. 30
66.07

54. 66
101.2
107. 40
65. 61

57.10
102.2
107. 27
65 92

56.01
104.2
107. 52
64.49

56.60
104.2
107.11
62.36

55. 58
103.1
106.11
61.79

51.31
101.9
106.(6
62.71

250,094
56, 359

272,869
52, 667

330, 546
94, 716

220, 256
48, 239

310, 655
113,211

265,990
60, 483

284,155
61,840

263, 350
42,175

235, 675
23,471

286,903
73, 674

249, 795
64, 422

275, 727
51, 997

44,144
36, 612
7,533
39, 665
33, 566
6,099

44. 816
37, 307
7,508
40, 660
34, 535
6,125

44, 979
37,478
7,501
41,064
34, 984
6,080

45,033
37, 564
7,469
41,112
35, 067
6,045

45,101
37, 676
7,425
40, 361
34, 584
5,776

44,267
36, 856
7,411
40,147
34,256
5,891

43, 720
36, 322
7,397
39,618
33, 712
5,906

43,511
36,172
7,339
39,864
33, 980
5,884

43, 026
35,694
7,332
39,457
33, 597
5,860

43,145
35,825
7,320
39, 062
33, 343
5,719

42, 671
35, 391
7, 280
38, 375
32, 789
5, 586

« 42, 303
« 35,054
7,249
38,171
32, 543
5, 627

4.48
4.99
3.57
4.53
4.82

4.40
4.88
3.52
4.47
4.70

4.32
4,75
3.45
4.44
4.63

4.32
4.75
3.3Q
4.41
4.72

4.41
4.76
3.27
4.44
5.15

4.34
4.77
3.25
4.41
5.18

4.32
4.65
3.27
4.36
5.00

126
4.63
3.25
4.34
4.82

4.13
4.53
2.95
4.23
4.81

4.13
4.54
2.87
4.23
4.88

4.20
4. 54
3.08
4.26
4.90

4.23
4.51
3.16
4.31
5.12

3.89

3.81

3.61

3.55

3.37

3.39

3.46

3.31

3.25

3.34

3.51

3.34

()
*
.22
3.05

()
.15

)
.14
2.83

()
.12

(2)

(2)

(2)

(2)

00

2.73

(2)
.10
2.69

(2)

2.97

2.64

2.61

2.61

2.59

2.66

2.78

2.77

343,031

231, 750

181,107

212,606

202,988

130, 960

323, 523

219, 253

145, 777

256,594

185, 306

157,809

319,129
23,902

209, 080
22,670

152, 303
28,804

196, 048
16, 558

199,945
3,042

124, 225
6, 735

296, 470
27,053

193,848
25,405

132,174
13, 603

239,561
17,033

181,997
3, 308

151,055
6,754

(2)

Cash Dividend and Interest Payments
and Rates
Dividend p a y m e n t s (N. Y. Times)
thous. of doL- 398, 021
Industrial and miscellaneous
thous. of d o L . 369, 279
Railroad
thous. of dol._ 28, 742

s

• Revised.
Discontinued b y reporting source in December 1934.
• Has included since J u l y 1934 other than Farm loan issues for which Treasury has acted as fiscal agent.
t Revised series on domestic bond prices for July 1931-February 1933 appeared on p p . 19 and 33 of the April 1933 issue. For earlier data on yield of domestic and
municipal bonds see p p 19 and 33, of the April 1933 issue.
* New series. For earlier data see p . 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years)
for years 1926-1934; for data for years 1919-25 see p . 20 of t h e November 1935 issue.
See special note below on yield on TJ. S. Treasury bills. See p . 20 of t h e June 1933 issue, U . 8. Government bond prices.
• M o n t h l y data on yields from 91-day bills, for period December 1929 to M a y 1934 are shown on p . 20 of J a n u a r y 1935 issue. D a t a on yields from 182-day bill not
available prior to F e b r u a r y 1934.




32

SUEVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
her

January 1936
1935

February

May

i SeptemOctober
ber

June

July

August

1,181. 6 1,184. 4 1,186.1
918.42
918. 42
918. 42

1,186.9
918. 42

1,190.2
918. 42

1, 225. 0
918.42

1, 230. 6
918. 42

March

April

FINANCE—Continued
SECURITY MARKETS-Continued
Cash Dividend and Interest Payments
a n d Rates—Continued
Dividend payments and rates (Moody*s);
Dividend payments, annual payments at
current rate (600 companies)
mills, of doL. 1, 296. 5
Number of shares, adjusted
millions.. 923. 92
Dividend rate per share, weighted average
1.40
(600)
dollars-.
2.97
Banks (21)
_
.dollars..
1.26
Industrial (492)
...dollars..
2.23
Iusurance (21)
dollars...
1.83
Public utilities (30)
dollars..
1.24
Railroads (36)—.
^dollars..
Stocks
Prices;
Dow-Jones:
Industrials (30)
_dol. per share-.
Public utilities (20)
dol. per share..
Railroads (20)
dol. per share..
New York Times (50)
dol. per share..
Industrials (25)
dol. per share..
Railroads (25)
dol. per share-Standard Statistics (421)
1926=100,.
Industrials (351)
1926=100..
Public utilities (37)
1926=»100-.
Raiiroads (33)
1926-100..
Standard statistics:
Banks, N. Y. (20)
1926-100..
Fire insurance (20)
1926=100..
Sales N. V. S. E
thous. of shares..
Values, and shares listed, N. Y. 8. E.:
Market value all listed shares.mills. of dol_.
Number of shares listed
millions..
Yields:
Common, Standard Statistics (90)
percent..
Industrials (50)
percent..
Public utilities (20)
..percent..
Railroads (20)
percent..
Preferred, Standard Statistics:
Industrials, high grade (20)
percent..
Stockholders (Common Stock)
American Tel. & Tel. Co., total...number..
Foreign
number..
Pennsylvania Railroad Co., total..number..
Foreign
number..
U. S. Steel Corporation, total
number..
Foreign
number..
Shares held by brokers...percent of total..

1,163. 9 1,168. 7 1,177. 5 1, 184. 4
918.08
918. 08
918. 08
918. 08
1.27
3.77
1.03
1.71
1.98
1.21

1.27
3.73
1.06
1.78
1.90
1.21

1.28
3.68
1.07
1.91
1.87
L24

1.29
3.68
1.08
1.91
1.87
1.24

1.29
3.28
1.09
1.91
1.86
1.24

1.29
3.28
1.10
1.91
1.86
1.24

1.29
3.28
1.10
2.07
1.84
1.24

1.29
3.19
1.10
2.17
1.84
1.24

1.30
3.19
1.11
2.23
1.83
1.24

1.33
3.19
1.16
2.23
1.83
1.24

1.34
2.99
1.17
2.23
1.83
1.24

144.3
28.9
37.0
113.80
197. 63
29.97
94.2
108.4
91.0
38.3

18.8
35.8
85.14
141. 62
28. 67
69.4
80. 1
60.7
35.3

101.6
18.0
36.5
85.07
141. 46
28.68
69.2
80.3
58.2
35.8

103.1
17.5
35.5
85.82
144. 21
27.43
69.7
81,4
57.4
34.6

103.0
16.5
32.4
84.64
144.23
25.06
67.8
80.0
54.5
31.8

15.6
28.5
80.74
139. 48
22.01
63.9
75.4
53.2
27.8

106.0
17.9
30.1
85.68
147.56
23.81
67.5
78.9
59.1
29.4

113.5
19.2
31.0
89.84
155. 64
24. 05
73.1
85.5
64.5
31.0

116.9
21.4
32.5
95.83
166. 03
25.63
76.0
88.0
70.4
32.7

122. 7
22.5
33.6
98.91
171.78
26. 05
79.4
91.7
73.9
34.1

127.1
25.9
35.4
102. 59
177.22
27.96
83.3
95.2
81.6
35.9

131.5
36.0
105. 78
183. 20
28. 37
85. 0
97. 5
81.9
37.0

63.5
96.0
57, 463

51.6
72.4
20,868

49.1
73.2
23,588

51.5
73.7
19,410

53.4
74.2
14,404

47.5
72.3
15,948

47.4
75.2
22,408

47.3
79.2
30,438

49.8
83.2
22,340

56.8
89.7
29,429

61.7
93.3
42,923

56.6
93.0
34, 748

44, 951
1,309

33, 888
1,305

33,934
1,305

32,991
1,305

32,180
1,303

30,936
1.304

33,548
1,302

34, 549
1,304

36, 227
1,304

38,913
1,308

39, 801
1,307

40, 479
1, 307

4.14
3.70
7.14
3.72

4.25
3.76
7.84
3.68

4.24
3.74
8.02
3.79

4.24
3.74
8.07
4.13

4.51
4.01
8.12
4.70

4.35
3.96
6.70
4.50

0)
0)
0)
0)

0)
0)
(0
0)

0)
(0
0)
(0

0)
0)
0)
0)

(0

5.64

5.48

5.42

5.38

5.33

5.30

5.19

5.19

5.17

5.19

0)
(
0)
0)
5.12

674,739
7,826
232,998
3,156
191, 446
4,083
19.44

675, 755
7,877
232,634
3,152
191, 224
4,062
19.34

(0

671,324
7,847
231,970
3,145
190,375
4,021
19.55

664,

816
230, 086
3,126
187, 533
3,979
20.40

FOREIGN TRADE
INDEXES
Value:
Exports, unadjusted
1923-25 = 100..
Exports, adjusted for seasonal variation
1923-25 = 100..
Imports, unadjusted
1923-25=100..
Imports, adjusted for seasonal variation
1923-25=100..
Quantity, exports:
Total agricultural products..1910-14 = 100..
Total, excluding cotton
1910-14=100..

71

51

45

46

43

49

43

44

45

46

45

52

62
52

45
47

42
41

45
52

47
47

48
55

46
53

46
53

50
49

52
55

49
52

50
50

52

47

41

51

48

49

49

52

51

60

54

53

128
74

73
58

62
46

67
43

50
39

45
41

41
30

40
35

44
33

39
33

36
35

64
52

VALUE §
Exports, incl. reexports
thous. of dol._ "269,310 194, 712 170,654 176, 223 163, 006 185, 001 164,350 165,457 170,193 173,371 172, 204 198, 189
By grand divisions and countries:
6,797
7,927
7,149
7,293
6,664
5,376
8,135
Africa
thous. of dol.. 9,427
8,006
9,211
6,279
9,950
Asia and Oceania
thous. of dol._ 51, 058 41, 837 44, 310 39,969
33,441
33,325
37,403 38, 593 34,100
31, 598 29, 475 37, 400
Japan
thous. of dol_. 26, 945 22, 846 23, 303 19,901
14, 744 13, 719 13,977
14,108
11,864
11,680 16, 996
15,974
Europe...
thous. of dol_. 144,510
69,380 69, 722 72, 590 96, 926
88, 564 69, 376 78, 550 66,482 76, 013 63, 388 64,945
France
thous. of dol.. 18,817
7,326
7,334
8,614
9,298
8,741
7,345
7,824
7,316
9,903
7,544
9,131
Qermany
thous. of dol.. 14, 363
6,075
6,113
4,819
4,980
7,027
6,348
5,553
8,891
4,774
4,735
5,055
Italy...
....thous. of dol.. 9,125
6,870
6,947
4,158
3,552
5,565
5,167
5, 596
4,796
4,821
6,233
8,445
United Kingdom
thous. of dol._ 62, 481 40, 281 28, 508 37,968 25,766 29,444 20, 550 24,238
21,924 24,306 32,280 53,513
North America, northern.thous. of dol__ 28,170 26, 638 21, 327 23,151
23,664 26, 532 28,957 31,380 28,170 30,141
28,611
28, 063
Canada
thous. of dol_. 27, 473 26, 021 20,957 22,815 23,317 26,005 28,582
30,636
27,723
29, 679 27, 986 27,418
North America, southern-thous. of dol._ 18, 628 15, 287 15, 827 15,674
18,706
15,747
16,195
17,342 17, 624 16,216
15, 700
14,353
Mexico
thous. of dol._
4,370
5,963
5,370
5,625
6,368
6,004
4,758
4, 916
4,387
5,035
5, 353
4,330
South America
thous. of dol__ 17,517
15, 363 13,821
14,150
12,699
14,048
15,064
15, 092 13,150 13,503 13,955 17,021
Argentina.__
thous. of doL. 4, 948
3,765
4,623
3,864
3,535
4,383
4, 622
4,916
4, 143
2,946
3,504
3,780
Brazil...
_
thous. of dol.. 4, 537
3,596
3, 196
3,534
4,125
4,024
3,158
3,474
3, 733
4, 359
3,225
3,551
Chile
...thous. of dol._
1,069
1.283
1,110
1,316
1,316
1,088
1,119
1,209
1,432
1,644
1,271
1, 098
° Revised.
i Temporarily discontinued by the reporting source.
§ Data revised for 1932. See p . 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1933, and January 1934
issues. For revised data for months of 1933 see p. 20 of the September 1934 issue, and for 1934 revisions see p. 19 of the December 1935 issue.




33

SUEVEY OF CURRENT BUSINESS

January 1936
1935

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

1934

1935

Novem- Novem- Decem- January Februber
ber
ber
ary

March

April

May

August Septem- October
ber

June

July

167, 226
40, 600
23.4
15,467
4,014
11,453
5.6
3.3
1.1
28,914
82, 246
20.1
6.4
20.6
156, 756
155, 314

168, 006
38, 340
19.2
15, 336
5,220
10,116
6.4
3.3
1.1
28,135
86,196
19.4
6. 3
23.3
177, 698
174,162

169, 761
40, 875
16.6
15,629
4,788
10, 841
6.6
3.2
1.2
31,018
82,239
15.7
5.8
23.9
169, 030
180,444

195,537
68, 677
31.8
22, 399
7,074
15, 325
11.8
2.6
1.3
29, 309
75,152
13.3
6.1
20.5
161,653
168, 689

218,138
82, 604
45.9
23, 695
7,974
15, 721
12.5
2.8
1.5
30, 291
81, 548
14.1
5.1
23.5
189, 240
189, 688

3,085
45,743
10,441
43, 232
4,340
5,338
2,503
11,153
23,389
22, 563
18,112
3,080
21, 753
6,336
6,044
1,860

3,098
55,352
11, 496
43,849
3,610
5,109
2,223
12,389
24, 480
23, 773
22, 587
3,267
24, 795
6,611
8,384
1,657

3,129
52,112
12,839
46, 635
4,557
6,491
2,795
11,711
23, 905
23, 266
32, 359
2,979
22, 304
6,687
7,394
712

2,424
52, 380
13, 888
52,915
4,796
7, 326
2,924
14, 895
27, 334
20, 708
11,845
3, 014
21, 791
4,970
8, 205
1,515

2,579
57,319
16, 594
65, 053
7, 505
7, 702
4,723
15, 820
29, 741
28, 573
10,183
3, 227
24, 813
5, 251
9, 934
1,344

43, 733
23,078
26, 342
31,715
30,446

53,029
24, 232
32, 291
32,106
32,504

50,212
24, 726
38, 849
31,290
35, 367

49,844
23,653
20, 742
38, 422
36, 027

55, 398
29,492
22, 256
38, 587
43, 955

FOREIGN TRADE—Continued
VALUE •-Continued
Exports, incl. reexports—Continued.
By economic classes:
Exports, domestic
thous. of dol. *266, 730 192,156 168, 442 173,660 160,312 181,969 160, 709 159,789
Crude materials
thqus. of doL 112, 678 71, 779 54, 525 55,814 44,995 40,450 38, 222 36,920
75.1
21.8
Raw cotton
mills, of doL
39.2
19.4
35.0
32.2
27.1
21.8
26, 780 18, 281 15, 668 16, 253 16,270 18,215 12,875
15,404
Foodstuffs, total.
..thous. of dol.
5,925
3,201
Foodstuffs, crude
thous of doL
4,412
3,620
4,086
3,681
3,897
3,715
20, 855 13,869
9, 674' 11,689
Foodstuffs, mfgd
thous. of dol.
12, 048 12,167 12,373 12,534
13.8
4.0
Fruits and prep
mills, of dol.
5.4
5.4
4.7
5.4
5.3
6.2
4.2
3.2
Meats and fats.
mills, of dol.
5.6
4.1
4.3
4.1
4.4
4.7
1.4
1.2
1.4
Wheat and flour mills, of dol.
1.4
1.7
1.4
1.2
1.2
34,319 30,415
Manufactures, semithous. of doL
30, 316 27,196 25, 483 30,827 26,205
26, 430
92, 953 71, 681 67, 933 74, 297 73, 565 94,477 83, 406 81,035
Manufactures, finished—thous. of doL
21.9
22.0
Autos and parts.
mills, of doL
12.4
18.6
11.0
20.5
25.0
17.2
6. 7
3.1
3.3
Gasoline
.mills, of doL
4.5
4.1
2.8
5.0
4.3
25. 6
22.8
19.1
22.2
Machinery...
.mills, of dol.
20.6
18.8
23.7
18.2
Imports, totalcT
-thous. of dol. '169, 386 150,919 132, 258 167,006 152,537 177, 279 170,567 170, 559
Imports for consumption*.__thous of dol. '162, 808 149,470 126,193 168,623 152, 288 175,408 166,152 166, 791
By grand divisions and countries:#d*
3,771
2,363
2,485
1,963
Africa.
thous. of doL
4,746
5,921
3,016
50,256 46,360
42,709
26, 550 60, 515 50,922 54,221
Asia and Oceania.
thous. of doL
11,276
11,818
7,014
11,668
Japan
thous. of dol.
12, 251 12,428
10,196
47,862
36, 973 46, 614 40,606 46,498 46, 418 47, 725
Europe
thous. of dol.
5,875
5,165
6, 165
4,054
4,643
France
__._thous. of doL
4,644
3,914
6,451
5, 084
5,747
5,675
5,918
6, 340
Germany
thous. of dol.
7,024
3,560
2,899
4,115
2,674
2,866
2,538
Italy
thous. of dol.
2,764
7, 741 10,970 11,065 11,621
11.513 j 12, 883
10, 375
United Kingdom
thous. of dol.
21, 974 24, 459 19,555
18,342 21,311 22, 677 27, 394
North America, northern, thous. of doL
23,712
21,602
Canada
thous. of dol.
19, 248 18,194 20,880 22,357 26,984
19, 486 18, 864 14,242 20,968 20,152
13,340
19,485
North America, southern..thous. of dol.
3,484
3,420
3,869
4,449
2,279
3, 516
Mexico
thous. of dol.
4,023
16, 762 20,059 23,429 26,508 22,879
21,100
23, 465
South America
___thous. of doL
4,853
3,633
4,419
6,675
2,302
5,413
Argentma.__
___thous. of dol.
2,980
7,549
6,289
9,194
8,610
9,508
7,818
Brazil
thous. of doL
8,181
3,388
1,700
2,324
2,904
1,912
2,712
Chile
thous. of dol.
1,909
By economic classes:#cf
46, 045 40,121
28, 797 43,133 45, 209 50,378 45,900 44,361
Crude materials—
tbous. of dol.
24, 942 25,584
20,047
27,693 30,118 33,605 27.514 26,337
Foodstuffs, crude.thous. of dol_
18,909
22, 239 27, 660 38,118 21, 609 25,662 28,588 28, 661
Foodstuffs, manufactured-thous. of dol_
Manufactures, semithous. of dol. 36, 305 27, 443 21,094
29,550 29,029 35, 237 30, 729 33, 577
36, 606 34,082
28, 595 30,129 26,322 30. 526 33, 422 33,855
Manufactures, finished thous. of dol.

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
Operating income

thous of dol
thous. of doL.

7,497
146

8,051
142

7,274
140

7,204
138

7,513
138

6,079
142

7,918
133

7,593
134

7,619
136

7,671
139

8.126
709,627
51, 551

8.126
761, 702
55,736

8.120
758,052
55,302

8.120
704,736
51,275

8.120
771,846
56,104

8.120
747,350
54,733

8.120
748.630
54,634

8.120
693, 542
50,929

8.101
663, 348
49,041

8.101
662, 696
49, 244

8. 101
6S5, 430
50, 323

8.101
764, 558
55,442

60
70
44
29
60
64
65
14
63
59
64
43
30
56
55
64
20
64
« 2,843
« 002
"26
a
104
« 135
a
106
° 775
a 29
« 1, 067
381
224
109

56
76
54
26
57
51
62
8
55
64
71
51
32
58
51
66
34
71
2,592
615
30
92
125
82
721
16
912
392
228
111

58
82
69
28
54
44
61
7
58
64
73
62
31
56
42
65
31
72
2,170
551
31
75
96
58
577
11
773
342
207
84

61
81
70
36
57
37
63
8
62
65
75
62
35
59
39
65
34
73
2,326
574
35
100
102
50
609
13
844
320
192
78

62
77
52
34
57
34
65
10
67
85
82
52
33
67
39
64
40
70
3,015
683
33
126
135
58
804
18
1,157
300
183
67

59
53
46
35
57
38
65
25
69
61
63
49
33
74
41
63
49
67
2,303
379
23
102
108
52
644
35
961
310
175
88

61
60
50
35
55
38
65
71
67
61
67
50
33
68
41
63
47
64
2,327
394
23
100
102
52
639
102
915
305
189
68

63
72
49
37
66
30
64
83
67
63
83
54
35
64
35
64
46
64
3,035
621
30
131
127
51
768
159
1,148
272
175
50

60
48
40
38
69
30
63
87
67
58
54
46
39
58
36
64
48
63
2,229
318
19
106
120
39
601
131
894
296
178
73

64
56
43
42
90
39
64
87
68
60
58
48
40
75
44
64
51
62
3,102
491
26
152
211
64
798
171
1,189
245
152
53

70
60
56
44
90
54
67
90

73
76
61
43
78
63
67
79
82
64
67
60
42
70
47
64
56
70
2,882
544
30
126
148
87
667
130
1,150
208
125
48

Electric Street Railways
Fares, average (320 cities).,
Passengers carriedt
Operating revenues!

8. 101
_.cents..
thousands.... 742, 270
thous. cf doL.

S t e a m Railroads
Freight carloading (F. R. B):
Index, unadjusted
1923-25=100
Coal
— 1923-25= 100. Coke
1923-25=100
Forest products.
__. .1923-25=100
Grain and products
1923-25== 100..
Livestock
._
1923-25=100
Merchandise, 1. c. 1.
1923-25=100..
Ore
1923-25=100
Miscellaneous
1923-25=100
Index, adjusted
1923-25*-100
Coal
1923-25 = 100
Coke
1923-25 = 100 .
Forest products
1923-25=100
Grain and products
..1923-25=100..
Livestock
_. .
1923-25 = 100
Merchandise, 1. c 1
1923-25=100
Ore
1923-25 = 100
M iscellaneous
1923-25 — 100
Total cars4}
thousands
Coal
___..
thousands..
Coke
thousands..
Forest products
thousands
Grain and products
thousands
Livestock
thousands..
Merchandise, 1. c. 1
thousands
Ore
thousands
Miscellaneous
thousands..
Freight-car surplus, total
thousands
Box
.
_ thousands
Coal _.
thousands .
E q u i p m e n t , mfrs.

67
74
02
39
69
50
66
32
76
66
67
61
40
65
44
64
46
77
3,179
625
36
137
157
84
788
67
1,284
252
143
05

02
01
57
42
74
45
65
55
05
2,032
440
20
124
102
69
641
135
1,029
229
133
59

(See T r a n s . Equip.)

8

Revised.
c? Data revised for 1933. See p . 20 of the October 1934 issue; for 1934 revisions, see p 20 of the December 1935 issue.
• Beginning with J a n u a r y 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See
explanation on p . 9 of the March 1934 issue.
t Revised series. Data for January 1929-May 1935, inclusive, on electric railway passengers carried and operating revenues for January 1932-April 1935, inclusive, are
shown on p . 19 of the August 1935 issue.
1 Data for September, December 1934, March, June, and August 1935, are for 5 weeks; other months, 4 weeks.
• New series. D a t a prior to April 1933 on value of imports for consumption will be shown in a subsequent issue.
Digitized for • See footnote marked § on p . 32.
FRASER



34

SURVEY OF CURRENT BUSINESS

1984
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary P'ebruin the 1932 Annual Supplement to the Survey
ber
ber
ber

January 1936
1935

March

April

May

July

June

August

S e

^

m

" Octobe:

TRANSPORTATION AND COMMUNICATIONS—Continued
TEANSPOHTATlON-CoDtinued
Steam Railroads—Continued
Financial operations (class I railways):
Operating revenues!
-tlious. of doL.
Freightf
__.thous. of doL.
Passengerf....
_.._thous. of doL.
Operating expensesf..
thous. of doL.
Net railway operating incomet
thous. of doL.
Operating results (class I roads):
Freight carried 1 mile
mills, of tonsReceipts per ton-mile
_
....cents...
Passengers carried 1 mile
millions..
Canals:
Waterway Traffic
Cape Cod..
thous. of short tons..
New York State.... .-thous. of short tons..
Panama, totalt—thous. of long tons-..
U. 8. vessels
...-toons, of long tons..
8t. Lawrence,-.....
thous. of short tons-.
Sauit Ste. Marie
thous. of short tons..
Suez
_._._thous. of metric tons..
Welland.....
thous. of short tons..
Rivers:
Allegheny
_..
thous. of short tonsMississippi (Government barges)
thous. of short tons..
Monongabela._.......thous. of short tons..
Ohio (Pittsburgh to Wheeling)
thous. of short tons..
Ocean traffic:
Clearancess vessels in foreign tradef
thous. of net tons.
Foreignf
______lhoiis. of net tons..
United Statesf
thous. of nat tons..
Shipbuilding. (See Trans. Equip.)
Travel
Aitpluie travel:
Fxpr^ss Cirri^d*.
pounds
Miks flown*. ...
.thous. of riik-s.
R s^r:nKf>rs caf k-u*
.
nurmuir
Pa3.->t3!iffcr-rniles flown*
thous. of miles
Hotel ljiisiaessA\C'r:i«.'e s:ile por oocupii'u nv w<V.dollars.
Roo'.i.s occupied
.._ percent of tot'-d
ForeUvL irnvd:
Arrivals. U. S, citizens
number
Dorsarr^res, U. 8. citizens
nu'riber.
Emi^rsnis
.-_numK*r_
Immigrants
. number .
Passports issued
number.
National parks:
Visitors
. number.
Automobiles
number _
Pullman Co.:
Passengers carried
thousands..
Revenues, total
thous. of dol.

258,987
208,547
24, 848
197, 872

T'313

254,940
206,024
27. 264
200,103

280,899
228. 603
27, 737
213,278

274, 652
221, 988
27,181
209, 328

279,549
224, 330
27,114
209,196

281, 336
225,183
31,053
216, 464

275,349
220,490
31, 604
217,931

294,018
234,986
33,849
221, 238

306,960
249,926
30, 820
218,040

38, 738

21,349

25,720

37,851

34,626

39, 505

34, 025

26, 851

42, 074

57, 359

23, 70S
961
1,279
208

264,213
211,008
30,448
212,972

31r 583

2, (),"»0
843
865
4, 087

257, 606
199, 356
32,016
195, 351

23,105
.946
1.635

24,984
.942
1,491

24,140
.944
1,341

27, 586
.929
1,370

23. 320
1.041
1,386

24, 662
1.016
1, 377

25,933
.974
1, 594

23, 167
1.059
3,710

25, 936
1.005
1, 855

264
659

254
0
2. 089
885
39
299
2,414
142

204
0
1,945
825
0
0
2,513
0

164
. 0
1,836
708
0
0
2,090
0

236
0
2,210
961
0
0
2,383
0

213
329
2, 079
811
157
838
2, 461
484

230
554
2,202
938
919
5. 985
2.161
I, 122

227
482
2, 081
862
882
7. 058
2,135
1,072

229
519
1,778
715
1, 007
7,503
1,958
1,128

576
2, 019
848
1, 021
7,731
2,636
1, 334

2,rm
i 015
,
88-1
2 627
2 424
1 253

232, 516
175, 425

181

14? ;

113

125

155

19!

2-16

273

293

147
1, 707

100
977

76 |
1,049

8S
1,429

78
1, 545

103
1,784

lf-4
1,142

162
1, 383

133
1,561

143
1,271

950

597

632i

711

717

886

754

881

928

5,102
3.331
1,831

5 338

4. 170
4, 843
2,735 3.109
1,435 ! 1,534

5, 188
3, 435
1,753

5, 703
3, 699
2,004

238, 369
4. 126
55,198
24, 751

231,237
4. 194
61, 499
26, 747

258, 924
4,749
M, 971
27,075

4, 327
2,819
1,508

3 428
1 910

217, 85^ ; 177,653 171.818
3 , ,);;,:> ' 3,231
3,340
Za 56:
28,922
34,998
15.5'Jh
13,405
16,232

20'") 327
3. OfiO
41 72S
IS 875

5, 958
3,852
2,106

6, 379
4,099
2,280

330,970 | 335.762
5,005
4,993
85, 546
73,896
34, 042
31, 226

2.85
64

] 0'

,K:

4,288
2,818
1,471

i

341,018
284,614
28,608

2.95
62

2.83
60

2. 91
62

2.77
61

2.86
58

12,388
13.042
3, 8n3
2, C59
4,959

14, 443
17, 010
2, 424
2, 943
5, 658

15, 474
17, 62S
2. 226
1,948
5,139

20, 470
16, 665
2, 460
2,401
8, 453

23. 374
16. 538
2, 249
2, 516
12, G74

19,400
19,033
2, 697
2, 951
22,854

19. 519
19, 342
2,412
2,817
24, 879

26, 638
31,376
2, 524
2, 884
13, 546

38, 729
7,375

37, 404
7, 656

54, 720
9,767

63, 257
9, 599

73, 96i
7 t 545

90. 914
15, 908

100, 593
28,176

317,182
84, 368

664, 422
158, 005

1,131
3. 310

1,371
3, 794

1,398
4, 231

1,204
3,702

1. 219
4,004

1,193
3, 675

1,146
3, 660

1,309
4,220

< ?

202
574
1, 994
907
9S3
7, 14S
1,956
i, 180
900 '

14
1,491 I

13
1,239 I

31, 200

270
800
2, 229
9S3
992
7,454
2,225
1, 151
226
a 154
1,414
880

967
6,791 j 5,786
4,436 I 3,831
2, 355 I 1, 955

417 923
360
89, 5S1
32 024

2.87
56

4 VA
3. 3oo
«"J, 046

27 71

" O '
>
,

GO I

5,580
3, 670
1, 910

.38, 019
5, 288
70, 924
28, 788
2.99
01

50,177 |
39,007 j
51,512
4,430 j
4,111
3.679 |
3, 711
4,174
7, 5S7 4,81*
723, 320
183,171

208,398
72, 731

77,723
18,141

1,286
4,210

1, 425
4,374

1. 364
4,251

1,278
4,14

COMMUNICATIONS
Telephones (59 carriers):*
Operating revenues
thous. of dol....
Station revenues
thous. of doL.
Tolls, message
thous. of doL.
Operating expenses
thous. of doL_
Net operating income.
thous. of dol_.
Telcphones in service, end of mo.
thousands. _
Telegraphs and cables:
Operating revenues
thous. of dol..
Commercial telegraph tolls.thous. of dol...
Operating expenses....
thous. of doL.
Operating income
thous. of doi.-j

79. 583
53, 604
18, 989
57, 050
15,119

* 80,411
* 53, 212
19, 927
58,714
* 14,980

81,475
54, 63fi
19, 793
57,823
15, 377

77, 834
52,798
17. 930
55, 420
14, 214

81,207
54, 086
20, 061
57, 292
15, 793

82,127
54, 483
20.5G6
57,499
16, 214

83.406
54,998
21, 250
59,059
16,052

81,757
54, 006
20, 569
57,443
16,025

82, 063
53,187
21, 524
59, 683
14, 401

82. 360
52. 909
22. 189
58, 255
16, 036

82, 653
53, 923
21,402
57, 394
16, 968

86. 328
56. 245
22. 630
59, 321
18, 529

14,112

14,132

14,1C2

14, 201

14, 250

14, 303

14,355

14, 335

14, 323

14, 350

14, 446

14, 512

8,443
6, 477
7, 639
405

9,411
7, 362
8,095
1,091

9,153
7,052
7,810
952

9,377
7.366
7. 790
1.195

9,372
7, 268
7,824
1,156

9,224
7,161
7,942
894

9, 568
7,440
7,959
1,219

9 °75
7,198
7,682
1, 306

E'?9
7, 545

8,754
8,212
6,340
6, 768
7,372
7, 808
454 i
557 |

9,809
7,634
7,964
1.450 I

7, 989
1,452

CHEMICALS AND ALLIED PRODUCTS
Alcohol:
CHEMICALS
Denatured:
Consumption (disposed of)
5, 536
7,213
8,359
10, 064
8,874
4,482
thous.
7,445
5,238
5,773
17, 947
5,897
8,192
10,211
5,554
5,585
8,580
8,780
Production
thous.
7,454
5,864
4,611
17,160
6,047
2,959
3,148
1,063
1,694
1,793
2,750
1,750
2,351
Stocks, end of month.thous
1,236
1,363
1,317
Ethyl:
14,624
16, 704
16, 646
14, 235
19,607
23,988
17,065
Production
thous.
15, 791
12, 290
9, 767 12,844
Stocks, warehoused, end of
i
26, 055
25, 852
18,092
22. 213
24,468
25, 501
16, 954
15,216
thous.
15, 230
15, 630
16,957
Withdrawn for denaturing
9,374
9,172
14.046
14, 632
7,382
9,897
17, 272
14, 855
17, 660
29,193
thous. of proof gal
9,757
12,711
1,510
1,642
1,771
1, 676
Tax paid*
thous. of proof gal
1, 573
2, 096
1,591
1,911
2,445
1,453
1,019
1,588
° Revised.
* Returns reflect adjustments or estimated refunds. In December 1934 operating revenues are reduced by approximately $970,000 and net operating income by
approximately $803,000. Refunds in February 1935 are of minor importance and reduce the several accounts only slightly.
tRevised series. For earlier data see p, 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For
revisions of data for clearances of vessels in foreign trade, see p. 35 of the September 1934 issue. For revisions on Panama Canal from August 1914 to June 1935, see p. 19
of the September 1935 issue.
•New series Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1928 to 1933 and passenger-miles
flown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown arid express carried from 1926 through 1933, see p 19 of the January 1935 issue. For
alcohol withdrawn tax paid from 1925 to 1934, see p. 20 of the April 1935 issue. New series on telephones as compiled by Federal Communications Commission, Data supersede those published in previous issues of the Survey which covered all carriers having annual operating revenues in excess of $250,000; present series covers only those companies with operating revenues in excess of $250,000 which have interstate lines In December 1933 operating revenues of these companies were 97.7 percent of the total
 of the companies previously reporting.
http://fraser.stlouisfed.org/•This figure covers room revenue only.

Federal Reserve Bank of St. Louis

35

SURVEY OF CURRENT BUSINESS

January 1936

1935
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Novem- Govern- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

1935
Febru-

March

April

May

jui

July

August

October

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Alcohol—Continued.
Methanol:
Exports, refined..
_ .gallons- 39, 230 48, 945
Price, refined, wholesale, N. Y.
.38
dol. per gal_
Production:
Crude (wood distilled)*!A
gallons. 424,149 309, 739
Synthetic.—
gallons.. 5,373,475 ,789,970
Explosives:
26, 870
Shipments*
thous. of lb.
25,108
Sulphur and sulphuric acid:
Sulphur, production (quarterly)*
long tons.
Sulphurie acid (104 plants):
Consumed in production of
fertilizer
short tons. 125,109 143,282
Price, wholesale, 66°, at works
15. 50
dol. per short toil15. 50
Production
..short tous- 153, 792 159, 781

38,211

23, 222

44,525

73, 365

30,471

33, 621

66, 077

55,125

36, 422

.38

.38

.38

.38

.38

.38

.38

.38

.38

51, 490

102, 296
.38

406, 950
319,190 315, 983 300,008 351, 468 386,006 403, 271 341,093 331,437 382. 331 368, 936
1,301,841 1,303,171 1,126,799 1,303,230 1,167,282 1,203,143 1,198,186 1,278,505 1,389,812 1,539,554 2, 508, 978
29,147
23, 202
23, 957
22, 659 22,193 I 22,189
22,635
26,019
27, 940
29, 408
18, 544
293,025
152,268
15. 50
172, 052

162,658

133,319
104,041
15.50 I
15.50 15.50
169,301 j 164,359 141, 352

352, 690

271,452

255, 396
93,873

87,944

15. 50
139,333

15.50
111,102

15. 50
99,176
16. 830
20, 862
25. 381
34, 382

75,690

94,980

I

101,708

131,441

15.50
15. 50
15. 50
110,249 123, 209 130, 260

15.50
149,729

99, 073

F'l'f'iw-!:

FM>IK f":iili'/.er rnfrs
Horn others
To fertilizer mfrs
Tfi other*

short terns.
short tons.
..short tons.
short tons.

FERTILIZER
Consumption, Southern Srates!
thou«. of shorr tons.
E^vri-s, trialt
lrr-g tons.
jNUrogeri<»uc!"
. _. _.
long tons.
Ir
hosphate maUnalst
..-long tons..
V tyhryi
frrtHuers
long tons..
Im;-ort^ totalt*
long tons.
Nitro".' noil.-!
long tons
Nitrite of soda*
long fonp.
Phospha'ost
U.ug tons..
PnKsht... ..lorifj tous..
PiK'O. ifi-raio of soda, (35 percenf N. Y.
diii. per cwL-]*r'-<!action
?M't;fi»t»i»*!> to tonsumurs
Sio> L^, *>r-l of month

35,134
17, 938
29,525
45, 478

lf3,-JO7
30, 210
101,51:0
(•.5.491

:\\2:-\
•',, Vi\

70, 791
1. 17"
'.>

39. 330
22, 796

38, 734
28, 813

34,545
27,824

26,269
21,647

18,769
18,636

11,760
13,397

11,610
13,186

41,520
28,615

47, 367
28, 537

39, 693
35,186

30, 615
38,716

41,990
42, 319

33,855
40, 293

18,473
29,714

88

97
127,079

816
68y 928
6,241
58, 946
153
155. 348
63, 245
27,811
3,126
84, 235

684
92, 846
10,746
78, 276
258
141,787
89, 477
44, 494
3,169
46,213

1. 275

1. 275

13,613
21,131
93, 509 107,313
227 !
312
82, 12! I 91,807
3S.728
42,085
7,195 ! 17,085
2.001 | 2,411
44,015

1.275

1.275

1,413
84, 296
93,
6, 707
5,
66, 562 82,
196
159,071 176,
107, 341 111,
55, 957 S3,
3,177
4,
42, 669 56,
1. 2/o

short tons.. L vs, 307 307,653 332,140 342, 210 282,810 246, 286
23, 358 34,553
63,856 189,133
24, b'05
_.shon lons.
shoit to:;s. 1.1'J-;, 512 ..078.044 1,159,392 1,189,505 1,160,817 904,940

237
157, 462
21,116
126. 226
245
192, 887
101, 850
75,872
4,309
76, 743

27, 714
23,334

35, 573
10, 032

35, 742
12,111

33,396
17, 540

24,684
40, 739

28,516
4S, 404

30, 8S8
40, 717

28, 031
50, 802

66
17
63,402 102,467
5,244
15.319
50, 637
77,054
421
179
69, 783 43,174
20,899
37,137
2, 200
16,918
1, 350
5, 608
19,909
23, 436

151
161, 955
34, 219
115, 797
1, 300
70, 603
38, 688
10, 041
4. 104
701

1.275

1.275

203,152
169,152
814,804

168.384 167,095
79, 704 24, 973
831, 536 870, 835

205,105
19,396
914,169

221,772
10,422
979, 03N 1,<»:.>,.>*.•'.> j i . i u _ . ) ' ."

1 275

1. 275

1.275

NAVAL STORES

p n,,

'»iuf^ion, _
,

p

303, G86

317,912

330,830

337, 646

370, 222

378,395

360,889

373,417

354,389

335, 318

5.25
5. 61
95, 860 101, f>*2
334, 220 272, 027

5.25
122. 173
321, 660

4.99
5.20
5.16
27, 405 19. 525 28.S97
272,474 217, 489 250,113

4.67
69,290
250,213

4.65
97,354
258, 255

4.64
110,998
272,312

5.85
121,401
311,355

83
120. 950
324,539

5.1S
88, 784
310, 097

5.50
98,917
300, 658

47, 214
72.. 861

41,884
108, 244

41,016
105, 339

44, 489
110,806

43,294
108,956

46, 028
95,283

47, 867
95,829

47,293 ! 47,651 j 48.0H3
91,477
89,015 | 80,730

47, 388
80, 485

43,719
« 70, 311

.49
20,101
142, G25

.53
22, 999
94,189

.52
22, 834
106,971

.54
4, 300
94, 781

. 55
4,761
2,235
86,987 j 88,164

.52
18,410
87,971

.52
.50
24, 366 32,128
85, 846 103, 831

.46 !
-45
31,130 i 18,798
131,900 I 131,273

20,046
134, 539

7,474
4,001

6, 548
18,752

6, 290
16, 819

7,075
16,116

6,138 I 6,316
10, 526
13,418

7,049
7,122

7, 550
2, 937

6, 910
3,023

gallons.. 330,178

' !;", N . Y..dol. per h b L .
Frire. v 'loi
>
r<>rtt.
bbl. (500 lb.)_.
Recoi *ts. T
i
Stocks, ?, ,.u cEd of month.bbl. (5001b.)..
Rosin, Wf^'ii;
Pro.luci")n
bbl. (5001b.)-RI(V\P. en i -f month
bbl. (5001b.)..
Ti-rpontir.'-. gum:
Pncr. wiiulesale, N. Y
dol. per gal...
Icereu ts, i.et, 3 ports...
bbl. (50 gal.).,
Stocks r3 port*; end of month.bbl. (50gal.)__
r
i uri)ep.ti tc, wood:
I'ro-luctioTi
bbl. (50 gal.)..
h locks, end of month
bbl. (50 gal.)..

360, 2;"2

43, 252
111,659

7,004 I
4, 588

6,787
3, 278

.48
35, 293
122, 631
7,261
2,997

7, 324
2,9iO

OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts (quarterly):
Animal fats:f
203, 018
212, 053
234,949
217, 565
Consumption, factory
thous. of lb._
275, 430
306, 659
352,519
498,950
Production
.
thous. oflb—
301,100
386, 852
380,419
418,909
Stocks, end of quarter
thous. of lb..
Oelatin, edible:
2, 853
5,052
5,047
5,279
Production
thous. of lb_.
6,841
8,526
8,629
7,817
Stocks, end of quarter
thous. oflb..
Greases:!
45, 324
51,146
50, 732
49,311
Consumption, factory
thous. of Re64,399
64,916
71, 738
89,268
production
thous. oflb..
63, 732
63, 590
66, 856
73,900
Stocks, end of quarter
thous. oflb..
Lard compounds and substitutes:!
293, 425
316,227
361,!
Production
thous. of lb—
29, 747
32, 738
27, 690
Stocks, end of quarter
thous. of l b . .
Fish oils (quarterly):!
03,340
59,139
60, 563
46,539
Consumption, factory
thous. of lb..
07, 249
9,143
105, 361
Production
thous. of lb._
,208
187,910
172, 371
242,402
221,547
Stocks, end of quarter
thous. oflb—
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)!
609,071
628,186
805, 456
754,643
thous. of lb—
237
383
696
632
251
593
338
939
372
427
331
522
Exports.
thous. oflb..
87, 810
92,174
89, 492
95,895
96, 622 121,023
33,038
91, 445
linports!#
thous. of lb— 79, 966 59,953
71,191 78, 745
456, 913
357,167
730,339
581, 304
Production (quarterly)f
thous. oflb—
Stocks, end of quarter:!
530, 998
507, 571
557, 756
525,210
Crude
thous. of lb._
355, 800
602, 217
594,847
Refined
thous. of lb__
642,272
• New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
! Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 29
of the September 1934 issue; for 1934 revisions see p. 19 of the December 193,5 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue.
Quarterly data on fats and oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of the November 1935 issue.
A The refined equivalent of crude production is approximately 82 percent.
• Texas only. Louisiana produced 23 percent of United States production in 1933 and 16 percent in 1934.
1 Figures since January 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue.
• See footnote on p. 33 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of the December 1935 issue.
• Revised.




36

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

January 1936
1935

February

March

Apri

May

June

July

August

Septem- October
ber

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con
Vegetable oils and products—Continued.
Copra and coconut oils:
Copra:
Consumption, factory (quarterly)
short tons..
Imports*
_
short tons..
Stocks, end of quarter
short tons_.
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)t
thous. of lb_.
Refined, total (quarterly)t
thous. of lb_.
In oleomargarine -.thous. of lb_.
Imports#-_
_
thous. of lb_.
Production (quarterly):
Crude
__thous. of lb_.
Refined
thous. of lb_.
Stocks, end of quarter:f
Crude
.thous. of lb_.
Refined
thous. of lb_.
Cottonseed and products:
Cottonseed:!
Consumption (crush)
short tons..
Receipts at mills
short tons..
Stock at mills, end of month
short tons..
Cottonseed cake and meal:
Exportst
short tons..
Production
short tons..
Stocks at mills, end of month
short tons..
Cottonseed oil, crude:t
Production
thous. of lb..
Stocks, end of month
thous. of lb_.
Cottonseed oil, refined:
Consumption, factory (quarterly)f
thous. of lb_.
In oleomargarine
thous. of lb..
Price, summer yellow, prime, N. Y.
dol. per lb_.
Production f
thous. of lb..
Stocks, end of month
thous. of lb.
Flaxseed and products:
Flaxseed:
Imports, United States# thous. of bu.
Minneapolis and Duluth:
Receipts
__
..thous. of bu_
Shipments......
thous. of bu_
Stocks, end of month.-thous. of bu_
Oil millsrt
Consumption, quarterly
thous. of bu.
Stocks, end of quarter.thous. of bu.
Price, No. 1, Minneapolis dol. per bu_
Production, crop estimate
thous. of bu.
Stocks, Argentina, end of month
thous. of bu.
Linseed cake and meal:
Exports
thous. of lb.
Shipments from Minneapolis
thous. of lb.
Linseed oil:
Consumption, factory (quarterly) f
thous. of lb.
Price, wholesale, N. Y
dol. per lb_
Production (quarterly) f—thous. of lb.
Shipments from Minn
thous. of lb.
Stocks at factory, end of quarter
thous. of lb.
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.

32,019

20,606

47,392
27,674
15,210

17,393

10,415

48,683
26, 579
25,688

15, 038

11,990

35,733
6,858
24,605

124, 734
15, 275
21,985

12, 787
20,935

150,711
110,304
14,560
25,045

86,811
11,471
39,040

10,330

128,036

94, 288
13,771
17, 492

26,138

14, 428
31,609

17,282
27,736

15,945
25, 293

13,804
27,849

48, 424
19, 535
29, 565

27, 433

130, 395
10, 326
22, 929

13,056
29, 770

101,105
16, 771
25, 965

61, 238
80,658

62, 261
96, 256

44,502
83,017

61, 569
91, 345

152,761
34,277

122,142
31,960

] 12, 507
26,036

16, 372
31, 055

109, 836
23,560

634,326
693,101

529, 307
534,923

415,670 402.115
308,993 j 127,905

337,731
61,236

260,964
40,090

129,372
18,886

102, 266
22,435

68,175
24,467

65,302
30,868

145,115
203, 442

436, 027
741, 295
760, 691 1, 096, 758

886, 804

1,237,720 1,131,043 856,833

580, 238

359,364

248,878

169, 047

125,339

89, 575

149,446

472, 566

828, 029

1,403
287, 362

306
245,515

80
189,057

94
183, 204

127
156,047

236
118,496

24
61,704

46,959

223
30, 313

20
29,132

80
65, 380

1,420
194,282

2,418
336,139

312, 279

298, 699

325,123

340, 763

348,254

309,460

263,899

242,204

223, 893

198, 367

178, 358

196, 095

253, 294

193, 025
119, 314

165, 085
102, S09

128, 785
97,469

124, 398
102,045

108,169
103, 499

84, 258
96,657

43, 525
61,725

33,194
47, 589

22,617
38, 036

20, 772
28,263

43, 660
27, 638

127,816
74, 537

225,168
110,557

8, 549

7,323

358, 668
7,533

9,015

12,171

286, 324
9,854

11,005

256,192
6,425

5,819

6,403

360, 590
6,714

6,610

.102
73, 430
287, 347

.104
101,333
289, 326

176, 261
343, 550

.092
149,746
487,906

.101
132, 325
513,106

.109
111,890
516,803

.114
102,962
530,014

.108
97, 237
557, 623

.103
73,380
576, 783

.105
52,011
540,864

.101
37,063
513,358

.096
26, 066
444,833

.099
38, 935
178,358

1,254

743

1,823

770

1,997

1,970

1,160

1,360

1,738

2,240

1,129

1 322

930

952
1, 266
2,597

294
127
1,210

252
83
1,108

139
114
1,011

135
54

105
44
878

139
242
603

214
179
397

319
70
344

205
117
248

985
81
344

4,009
389
2,040

3,148
1,299
3, 326

4,569
1,851
1.99

1.97

1.94

5,754
2,094
1.81

1.85

1.77

6,104
1,464
1.65

1.59

1.53

5, 998
3, 005
1.68

1.79

. 103

1.80
/14,931

* 5, 213

2,559

1,575

2,362

3,937

5,118

7,087

7,874

7,087

6,299

5,315

2,322

4,331

3, 543

40, 983

31,338

21, 558

32,805

23, 524

30, 704

36,929

33,201

53,605

39,368

41, 787

35, 356

37, 430

10,509

7,325

8,182

7,714

9,653

7,952

6,114

4,776

4,485

7,544

12, 506

21,527

22, 647

"\~089

""."092

~".~095

~".~096

3,525

55,120
.087
90, 253
2,233

5,233

73, 812
.089
116, 667
10, 235

13, 320

6, 854

3,298

4,209

113,721

59, 376
.095
111,823
6,324

6,053

6,118

.093
116,946
6,045

4,797

106, 332

104, 995

125, 416

"".097

35, 501

28,980

32,178

33, 724

45, 351

31,511

38, 243

27,785

26,766

17,846

26,193

32, 440

32, 430

.145
33, 962

.100
28,809

.104
30,470

.119
33,632

.125
41,895

.141
34, 200

. 140
37, 419

.140
30, 338

.140
25,263

.135
21, 469

.130
25, 793

.130
31,855

.142
32, 261

.128

.111

.129

.133

.130

.127

.129

.124

.130

.130

.128

PAINTS
Paints, varnish, and lacquer products:§
28,536
32, 853
Total sales
thous. of dol_
25, 607
28,502
19,801
16, 006
20, 838
32,851
32, 326
28,975
21, 229
36,160
26, 544
22, 132
Classified—
thous. of dol.. 17, 856
19, 214 * 19, 039
10,805
14, 687
19, 675
13, 224
22, 295
22,118
15, 252
24,434
18,418
9,519
7, 985
9,009
Industrial
thous. of doL.
7,777
5,226
7,140
8,338
5,208
9,178
8,503
7,299
8,689
8,061
12,613
11, 054
8,847
Trade
thous. of doL.
5,579
7,547
11,438
11.336
8,016
13, 117
13,615
7,953
15, 745
10,357
10, 721
9, 497
6,149
Unclassified (273 estab.) § -thous. of dol.. 7,751
9,287
5,201
9,300
6,577
10, 557
10, 207
5,977
11, 726
8,126
Plastic, cold-water paints, and calcimines:
Sales:
264, 308
Calcimines
dollars. 212,871 225,078 227,827 284,758 221,663 299,610 332,343 376,644 303,229 253, 256 266, 689 274, 829
27, 463
34, 414
Plastic paints
dollars.. 31, 760
29, 261
22, 665
29,039
27,864
24,312
33, 675
18,188
36, 653
35, 563
28, 668
105, 306
Cold-water paints
dollars.
64, 215
70, 304
88,114 113, 202 128,461 102,892 103,161 107,877 102, 379
52,869
69,000
« Revised.
/ Dec. 1, estimate.
• Dec. 1, estimate.
* For earlier data on lard-compound price, see p. 18 of the January 1934 issue.
f Revised series: Monthly data on cottonseed and cottonseed products for the year ended July 1932 were shown on p. 20 of the February 1933 issue; revisions for each
month of 1933 were shown when monthly data for 1934 became available; revisions for year 1934 were shown on p. 38 of the November 1934 issue and for year ended July 1935
on p. 20 of the November 1935 issue. For exports of cottonseed cake and meal for the year 1932 see p. 37 of the June 1933 issue, data revised for 1933 see p. 19 of the September
1934 issue; for 1934 revisions see p. 19 of the December 1935 issue. Quarterly data on fats and oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue;
for 1934 on p. 19 of the November 1935 issue.
# See footnote on p. 33 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of the December 1935 issue.
§ For revised data on paint, varnish, and lacquer products for the years on "total" for 1928-35 and "unclassified" for years 1932-35 see p 20 of the November 1935 issue.
• This series prior to September 1935 was listed as "Lard Compound."




SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

1935
February

March

April

May

June

July

August Septem- October
ber

CHEMICALS AND ALLIED PRODUCTS—Continued
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
Production—
thous. of lb_.
Shipments
thous. of lb_.
Cellulose-acetate:*
Sheets, rods, and tubes:
Production
thous. of lb_.
Shipments
---thous. of lb_.
KOOFING
Dry roofing felt:
Production
short tons.8tocks, end of month
short tons.Prepared roofing shipments: 1
Total
thous. squares.Grit roll...
thous. squares.
Shingles (all types)
thous. squares.
Smooth roll
thous. squares.

1,301
1, 420

948
1,028

954

1,465
1,275

1,476
1,135

1,363
1,228

1,311
1,356

1,292
1,246

1,009
1,017

1,026
1,024

1,285
1,294

1, 551
1, 435

1, 660
1,598

1,265
1,114

304
276

466
448

1,004
1,026

922
849

962
1,054

1,107
1,048

718
649

317
293

486
525

595
578

882
884

1,299
1, 239

16,851
7,577

12, 972
6,672

11,310
8,555

12,899
6, 629

11, 726
7,484

15,223
7,909

19, 723
6,653

21,831
6,324

21, 454
7,252

20,215
7,376

20,666
7,730

20, 419
7,376

24, 716
6, 962

1,941
462
483
996

1,373
345
315
713

1,277
368
247
663

1,118
"278
257
583

2,032
464
555
1,012

2,974
606
908
1,460

2,882
586
991
1,304

2,213
494
739
980

2,321
576
635
1,110

2, 76S
667
815
1,286

3,102
884

3,180
850
86')
1,461

1, 501

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalf
- mills, of kw.-hr__
By source:
Fuels t
mills, of kw.-hr_Water power t
mills, of kw.-hr._
By type of producer:
Central stations t
---mills, of kw.-hr~.
Street railways,manufactur!ng plants, etc.
mills, of kw.-hr..
Bales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.) .mills, of kw.-hr..
Domestic service
mills, of kw.-hr._
Commercial—retail
mills, of kw.-hr_.
Commercial—wholesale-mills, of kw.-hr__
Municipal street lighting
mills, of kw.-hr_Railroads:
Electrified steam
mills, of kw.-hr_~
Street and interurban.mills. of kw.-hr__
Revenues from ultimate consumers (Edison
Elec. Inst.) —
_.thous. of dol_GAS
Manufactured gas:*f
Customers, total
thousands.
Domestic
_
thousands.
House heating...
thousands.
Industrial and commercial.-thousands.
Sales to consumers
millions of cu. ft..
Domestic
-millions of cu. ft
House heating
millions of cu. ft
Industrial and commercial
millions of cu. ft
Revenue from sales to consumers
thous. of doL
Domestic
thous. of dol._
House heating
thous. of dol_.
Industrial and commercial—thous. of doL.
Natural gas:*t
Customers, total
thousands
Domestic
thousands
Industrial and commercial.-thousands
Sales to consumers
millions of cu. ft_
Domestic
millions of cu. ft__
Industrial and commercial
millions of cu. ft.Revenues, from sales to consumers
thous. of doL.
Domcstic
thous. of dol._
Industrial and commerciaLthous. of doL.

8,689

7,609

8,058

8,349

7,494

8,011

7,817

8,021

7,873

8,370

8,573

»8, 208

» 8, 841

5,442
3,247

4,664
2,945

4.875
3,183

5,079
3,270

4,512
2,982

4,446
3,566

4,206
3,612

4,300
3,721

4,424
3,449

4,778
3,592

5,242
3,331

0

5,186
< 3, 022
*

a 5,909
» 2, 871

8,208

7,206

7,601

7,881

7,063

7,552

7,366

7,556

7,417

7,843

8,075

< 7, 733
*

« 8,355

481

403

457

468

431

459

451

465

456

527

498

6,989
1,168
1,157
2,989

6,126
1,224
1,192
2,969

6,469
1,317
1,245
3,135

6,194
1,211
1,164
3,103

6,081
1,125
1,120
3,134

6,225
1,102
1,129
3,327

6,145
1,060
1,099
3,346

6,147
1,059
1,095

6,265
1,052
1,128
3,468

6,614
1,073
1,177
3,734

6,635
1,135
1,192
3,676

6,823
1,186
1,220
3,726

203

206

222

213

201

186

175

152

170

180

189

207

66
361

64
418

67
431

62
391

67
384

67

365

354

65
331

67
333

67
328

73
360

160,451

163,807

170,101

162,470

155,884

156,069

153,203

151,437

151,215

156, 038 159, 073

162, 789

9,994
9,432
115
438
30,101
19,128
3,630

9,972
9,404
118
441
32,119
19,137
5,321

9,915
9,346
121
439
34,809
20,198
6,391

9,928
9,362
123
433
33,943
19,652
6,019

9,933
9,371
115
435
32,099
19, 343
4,620

9,967
9,397
118
441
32, 089
19, 180
4,206

10, 036
9,465
121
439
31,668
19,924
3,359

10,049
9,484
116
438
30,006
20,468
1,411

10,047
9,489
107
440
26,675
18,236
610

10, 055
9,501
105
437
25,348
17,243
430

486

10,123
9, 568
108
438
28, 489
19, 859
610

10,133
9,562
123
438
30,952
20,607
1,743

7,154

7,445

8,000

8,071

7,941

8,518

8,214

7,981

7,647

7,540

7, 802

8,412

31,921
24,210
1,942
5,638

32,902
24,060
2,939
5,763

34,424
24,485
3,797
5,995

33,482
23,576
3,778
5,989

32,227
23,224
2,983
5,880

31,957
23, 385
2,464
5,962

32,423
24, 726
1,726
5,838

31,763
25,123
910
5,625

28,824
22,978
426
5,315

27, 637
21,935
319
5,270

30, 709
24, 599
484
5,513

32,335
25,146
1,173
5,889

5,647
5,302
343
80,812
23,135

6,673
5,316
355
93,384
33,916

5,638
5,620
5,284
5,267
351
351
101, 570 100,606
40,640 39,945

5,663
5,305
356
93,343
35,452

5,653
5,303
348
85, 690
29,132

5,671
5,325
343
79,084
24,303

5,662
5,329
331
70,578
18,060

5,646
5,321
323
65,110
12,617

5,659
5,340
318
68,437
10,919

5, 702
5,381
319
72,122
12, 779

5,769
5,428
340
81,419
17, 398

56,780

58,444

59,833

59,514

56,709

55, 544

53,692

51,288

51, 599

56, 547

58, 406

62,775

26, 580
15,9S8
10,509

33,239
21,414
11, 666

37, 679
25,302
12,198

36,870
24, 339
12,348

34,035
22,168
11,683

30, 400
19,043
11, 203

27, 207
16,679
10,371

23,330
13,603
9,575

20,256
10,718
9,403

19,993
9,824
10, 038

21,319
10,790
10, 398

24,835
13,215
11,460

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
5,332
4,006
4,341
thous. of bbl._
3,366
2,968
2,722
2,545
3,431
5,465
3,931
2,329
3,270
3,790
Production
thous. of bbl_.
3,735
3,221
2,721
2,592
2,874
2,825
4,036
4,465
4,576
4,521
5,335
5,107
3, 868
Stocks, end of month
thous. of bbl—
6,496
6, 690
6,204
5,654
5,438
5,811
6,925
6,472
7,219
7,736
7,615
7,341
6,924
Distilled spirits:*
#
Consumption (tax-paid withdrawals) t
6,072
thous. of proof gal..
9,045
4,214
6,301
4,675
4,591
4,901
4,535
7,020
7,807
6,323
4,265
5,258
Whisky
thous. of proof g a l 5,338
8,237
3,700
4,384
4,613
4,014
6,372
7,076
5,516
4,203
3,486
3,758
4,715
Production, total
thous. of proof gaL. 25, 000
23, 002
12,224
15,754
14, 543
16, 701
15,144
14,089
16, 238
14,536
16,067
15,171
15, 610
Whisky
thous. of proof gal.-i 18,301
16, 549
13,989
11,258
13,134
14,875
13,954
15,348
14, 329
15, 679
14,280
14, 557
13,067
« Revised.
* New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. Beverage figures are from the U. S. Treasury, Alcohol Tax Unit. Monthly
data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. Series on cellulose products prior to January 1933 not available.
1 Revised series. Data revised beginning with January 1932, See p. 39 of the April 1935 issue. Revisions for period January 1932 to January 1934, inclusive, will
be shown in a subsequent issue.
f For revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; 1934 data also revised. Revisions
not shown in the June 1935 issue will appear in a subsequent issue. Manufactured and natural-gas revisions for years 1929-34, inclusive, were shown on pp. 19 and 20 of the
May 1935 issue. Data on consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries. For revisions see p. 39 of the March 1935 issue.
• Consumption of distilled spirits (withdrawn tax paid) plus brandy tax paid direct from fruit distillers plus ethyl alcohol withdrawn tax paid (see p. 38) equals
Digitized Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.
for FRASER



SURVEY OF CURRENT BUSINESS
1934
Monthly statistics through December 1931, 1935
;ogether with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

January 1936
1935

March

April

May

June

July

August Septem- October
ber

F O O D S T U F F S AND TOBACCO—Continued
BEVERAGES—Continued

|

Distilled spirits—Continued.
Stocks, end of month..thous of proof gal—| 205, 382
Whisky
thous of proof gal... 197, 788
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p.
38):
Consumption (tax-paid withdrawals)*
thous. of proof gal..

90, 055
84,198

98, 028
91,630

109,203
102, 504

119 034
112, 082

129,679
122, 560

139,036
131, 659

150,477
142,639

160, 624
152, 686

171,094
163, 202

180, 268
172, 363

187, 729
180, 066

195, 796
188,423

2,825

3,137

1,235

1,202

1,492

1,414

1,451

1,345

1,271

1,385

2,019

2,614

143,320

142, 755

139,956

134,872

114,954

118,843

139,465

154, 367

138, 811

133,372

150,704 j 149,397

148, 227

.32
94,838
32, 898

.29
112, 577
41, 564

.31
105, 930
39,110

.34
106,122
42, 716

.36
101,136
37,873

.32
111,207
38,127

.34
130, 984
44, 246

179,162
58, 860

.24
200, 733
72, 844

.24
186, 562
72, 036

.25
157, 839
53, 000

. 26
141, 141
48, 294

119,602
42,149

71,925

81,034

47,175

18,907

8,110

5,341

5,676

33, 096

96, 392

149, 628

156,855

148, 822

'• 120, 210

52,304
5,880
.18
39,464
27,598
15, 423

48,867
5,730
.15
42, 890
24, 824
13, 609

41,642
3,565
.15
37, 771
20,991
9,522

56, 793
3, 575
.17
26,109
22, 181
13, 526

46,928
4, 084
.18
27, 743
21, 118
10, 821

48, 606
4,220
.17
34, 408
24,695
8,955

55,145
4,455
. 17
40,547
30, 573
10, 688

61,215
3, 735
.16
56, 909
44,934
11,803

56,641
3,836
.15
70, 659
55, 607
14, 645

52,153
2,832
.15
68, 760
54, 293
18, 480

53, 889
3, 647
.16
61,513
51, 493
16, 687

53,989
3,632
17
59,491
47,448
16, 384

62,476
6,015
.17
53,315
41,157
16, 836

104, 664
92, 905

109,972
96,688

102,197
89,878

81,220
71, 007

70,156
60, 943

62,851
54, 769

54, 459
46,593

56, 767
48,320

75, 291
64, 395

94,679
82, 397

105, 851
92, 767

114.953
102,661

DAIRY PRODUCTS
Butter:
Consumption, apparent*!-.--thous. oflb —
Price. N. Y., wholesale (92-score)
dol. per Reproduction (factory)t
thous. oflb—
Receipts, 5 markets
thous. of lb~
Stocks, cold storage, creamery, end of
month
thous. oflb—
Cheese:
Consumption, apparentf
thous. of lb—
Imports#
thous oflb_.
Price, no. 1 Amer. N. Y
dol. per l b Production (factory)t
thous. of lb__
American whole milkf
thous. of lb._
Receipts, 5 markets
thous. of lb..
Stocks, cold storage, end of month!
thous. of lb—
American whole milk!
thous. oflb—
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened).-thous. oflb—
Evaporated (unsweetened)§
thous. of lb__
Exports:
Condensed (sweetened)., thous. oflb..
Evaporated (unsweetened)
thous. of lb..
Prices, wholesale, N. Y.:
Condensed (sweetened)-dol. per case..
Evaporated (unsweetened)
dol. per case..
Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. of lb —
Case goods
...thous. of lb_.
Evaporated (unsweetened):
Case goods
thous. of lb—
Fluid milk:
Consumption in oleomargarine
thous. of lb._
Production, Minn, and St. Paul
thous. of lb .
Receipts:
Boston, incl. cream
thous. of qt..
Greater New York*
thous. of qt..
Powdered milk:
Exports
.thous. of lb..
Orders, net, new
thous. of lb .
Stocks, mfrs. end of mo
thous. of lb. .

'• 111, 731
100, 670
1

16, 856

15, 202

14, 931

14, 297

15, 122

18, 764

23, 224

27, 349

33,619

23, 334

21, 689

18, 918

17, 581

87, 766

101,183

93,964

118,552

123,657

141,331

180, 943

231, 663

269,344

209, 278

161,929

138, 202

105,325

332

821

470

499

599

842

717

89

265

319

242

235

275

2,646

2,840

2,965

2,679

2,642

4,882

3,267

3,441

2,432

1,581

1,582

2,383

2,108

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

2.90

2.70

2.70

2.79

3.00

3.00

3.00

3.00

3.00

2.80

2.80

2 80

2.80

3, 237
11,697

9,135
11, 236

7, 687
10,516

5,635
8,068

4,646
5,153

4,880
3,714

5,759
5,552

9,571
12,284

13, 059
16,511

13,956
18,159

11,648
18,460

8, 333
17, 349

91,250

203,402

156,793

59,791

28,913

39,993

74,145

179,684

287, 204

339,978

358, 780

343,132

< 5, 497
*
14, 678
229, 065

6,787

6,552

7,731

9,622

7,700

8, 645

7,012

5,998

4,489

5,371

6,515

6,506

22, 738

23,449

24, 747

27,094

25,978

29, 838

29,722

38,702

39, 899

32,713

27, 869

24, 773

23,075

17,846
102,914

17, 350
101,691

17. 656
103,072

15,747
92,157

17, 624
105, 684

17,110
105,280

18,131
111,529

17, 535
110,417

19, 614
110, 573

18, 431
107, 630

16, 529
107, 265

17,768
109,639

234
11,437
36, 530

168
11,716
33,151

213
10, 700
30, 207

223
15,367
23,568

170
13,755
20, 407

200
12,298
20,896

228
13,646
27,377

207
12,338
36, 440

281
12, 989
38, 504

243
16, 239
34, 698

282
14. 844
29,702

252
a
13 559
a 23*, 166

7,725

120,670
5,740

5,732

5,838

4,674

3,107

1,175

616

1,307

1,605

6,855

18, 836

10, 328
13,772
2,151

8,890
14,714
1,933

6,928
14, 866
2,787

4,646
14,199
2,601

2,642
15,198
1,208

1,189
16, 741
2,385

360
15,574
3,326

12,114
3,038

11,466
1,020

8,428
1,744

2, 510
6,800
3,420

* 10, 276
8,911
3,654

1.006

.975
•385,421
72, 188

.713

.965

18, 393

20, 923

20,8

17,688

18,386

" 21," 073"

234
13, 156
14,556

FRUITS AND VEGETABLES
APples:
Production, crop estimate thous. of bii —/168, 465
7,546
Shipments, car lott
carloads..
Stocks, cold storage, end of month
thous. of bbl._ 11,006
Citrus fruit, car-lot shipments!
carloads._ 11, 153
2, 392
Onions, car-lot shipments!
carloads._
potatoes:
11800
Price, white, N. Y
dol. per 100 l b . .
Production, crop estimate.--thous. of bu._ /356,406
Shipments, car lot!
carloads.. 13, 854

~14,~922

.975

.935

.706

.906

1.120

"9,097

11,258

'19,491

GRAINS
exports, principal grains, including flour and
meal!—,
t urns, of bu 2,773
1,842
1,762
2,050
1, 615
1,478
2,003
1,607
,999
1,594
3,449
Barley:
Exports, including malt!
thous. of bu _
111
535
209
128
872
628
79
549
581
1,138
67
1,953
Price, no. 2, Minn.:
CO
1,09
Straight*..
dol. per bu
1.08
.56
1.09
1.08
1.01
.97
,87
.58
.52
.61
.71
Malting*
dol. per bu._
.62
1.15
1.08
1.17
1.18
.94
.59
.65
1.07
1.20
.82
Production, crop estimate thous of bti.... / 292, 249
-118,348
Receipts, principal markets* thous, of bu_.
5,188
1,893 ! 2,104
827
2,297
2, 550
3, 205
559
7, 645
2, 628
13, 780
9, 923
4,796
Visible supply, end of month A
thous. of bu._ 16, 571
14,900
14, 401
12,962
11,516 ! 9,005
7,684 I 6.845
6,412
5,169
12, 009
16, 087
1
« Revised.
§ Bulk evaporated milk aot included since December 1931.
Dec. I estimate.
f Dec. 1 estimate.
• Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
* New series. For earlier data see p. 20 of the November 1932 issue, barley receipts; for receipts of milk in Greater New York, p. 20 of the August 1934 issue. Since the
division of no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1, 1934, prices for each grade have been reported separately. See p. 19
of the June 1933 issue for butter consumption. Data on consumption of rectified spirits are as indicated by the sale of stamps. Data prior to April 1933 not published.
# See footnote on p. 33 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue. For 1934 revisions see p. 2u of the December 1935 issue.
!Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk che6set p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,
September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1932 and 1933 revisions on butter and cheese consumption
and 1933 revisions on production of butter, cheese, condensed and evaporated milk, see p. 19 of the March 1935 issue. For J934 revisions on production of butter, cheese,
condensed and evaporated milk, and apparent consumption of butter and cheese see p. 19 of the November 1935 issue. For final revision for 1933, car-lot shipments of
apples, citrus fruits, onions, and potatoes, see p. 20, January 1935 issue, and for 1934 revisions, see p. 20 of the November 1935 issue. For revised figures for 1933 exports of
 principal grains and barley, see p. 20 of September 1934 issue and for 1934 revisions p. 19 of the. December 1935 issue.



39

SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februhi the 19S2 Annual Supplement to the Survey
ber
ary
ber
ber

1935
March

April

May

June

July

August Septem- October
ber

FOODSTUFFS AND TOBACCO—Continued
GRAINS—Continued
Corn:
Exports, including mealf
thous. of bu._
42
Grindings
thous. of bu._
5,630
Prices, wholesale:
.62
No. 3, yellow (Kansas City)-dol. per bu_.
.64
No. 3, white (Chicago)
dol. per bu._
Production, crop e s t i m a t e . . - t h o u s . of bu._ 2,202,852
Receipts, principal markets.-thous. of bu_.
18,879
Shipments, principal markets
thous. of bu...
7,256
Visible supply, end of m o n t h *
thous. of bu._
4,884
Oats:
Exports, including oatmealf-thous. of bu_.
83
Price, no. 3, white (Chicago).dol. per bu._
.29
Production, crop e s t i m a t e . - - t h o u s . of bu_. /.1,195,435
Receipts, principal markets—thous of bu._
6,201
Visible supply, end of m o n t h *
thous. of bu_. 46, 637
Rice:
Exportsf
pockets 100 l b _ . 342,068
Imports^
pockets 1001b__ 19, 769
Price, wholesale, head, clean, New Orleans
.040
dol. per lb._
Production, crop e s t i m a t e . . - t h o u s . of bu__ /38, 452
Southern States (La., Tex., Ark., and
Tenn.):
Receipts, rough rice, at mills
1,796
thous. of bbl. (1621b.)..
Shipments from mills (milled rice) total»
thous. of pockets (100 l b . ) . .
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
thous. of pockets (100 l b . ) . .
2,968
Rye:
Exports, including
flour
thous. of bu_.
2
Price, no. 2, Minneapolis
dol. per b u . .
.49
Production, crop e s t i m a t e . . - t h o u s . of bu._ / 57, 936
Receipts, principal markets*-thous. of bu_.
1, 991
Visible supply, end of month*
thous. of bu.9, 660
Wheat:
Exports:!
Wheat, including flour thous. of bu._
1,602
Wheat only
thous. of bu
30
Prices, wholesale:
No. 1 Dark Northern Spring, Minn.*
dol. per bu—
1.28
No. 2 Red Winter, St. Louis
dol. per bu._
1.05
No 2 Hard Winter, K C dol. per bu__
1.13
Weighted average 6 markets, al] grades
dol. per bu_.
.98
Production, crop estimate, total
thous. of bu_- / 603,199
Spring w h e a t .
..._thous. of bu_. /169,752
Winter wheat
thous. of bu_. / 433,447
Receipts
.
thous. of bu_. 14, 501
Shipments
thous. of b u . - 12, 403
Stoeks, visible supply, world, thous. of bu_.
Canada
thous. of bu._ 257, 424
United S t a t e s * - - - . -thous. of bu._ 80, 371
Stocks, held by mills (quarterly)
thous. of bu._
Wheat flour:
Consurn ption (computed) t thous. of b b L . 10, 402
Exports...
thous. of bbl_.
335
Grinding of wheat
thous. of bu._ 38, 222
Prices, wholesale:
8.15
Standard Patents, M i n n . . - d o l . per bbl__
Winter, straights, Kansas City
6.84
dol. per bbl._
Production:
8,275
Flour, actual (Census)
thous. of bbl_.
Floor prorated, total (Russell's)t
9,802
thous. of bbl._
Offal.
thous. of lb.
692,113
Operations, percent of total capacity
,.
53
Stocks, total, end of month (computed)
4, 600
thous. of b b l . .
Held by mills (quarterly).thous. of b b l . .

224
4,062
.91
.93

147
5,261

74
4,051

62
4,574

44
5,513

39
4,571

.92
.94

1.01

51
3,399

.89

.93
.94

.92
.91

9,878

10,850

7,905

7,356

1,377,126

0

74
3,917

28
4,710

46
6,021

.87
.87

.84

.78
.82

.81
.85

9,091

7,313

6,146

7,129

9,544

6,039

4,565

3,342

3,102

3,812

0

6,720

5,999

8,931

7,767

50,537

34,204

28,160

21,923

15,924

12,041

8,860

7,317

6,821

3,932

2, 481

78
.54

91
.56

54
.54

68
.49

65
.50

63
.44

303
.39

154
.36

70

142
.30

105
.30

8,853
12, 514

9,226
11,294

43,462
73
.56
'525,889
3,119
~~3~876*

~7,~659'

1,983

2,256

226l

2,224

3,351

T901

2,544

28,907

21, 300

12, 089

22,191

22, 576

21,258

19,443

14,366

11,867

10, 786

8,399

7,075

25, 068

41,430

45, 863

61,640
42, 643

53, 226
46, 330

73, 882
93, 287

46,194
182,985

26,121
81,158

141, 593
15,844

288,072
7,717

329,712
6,897

55,374
11, 789

35,182
12,412

90,194
14, 056

148, 651
21, 932

.049

.049
• 38, 296

.049

.039

.040

.040

.040

.040

.040

.040

14

272

930

2,402

591

1,224

910

612

1,280

825

175

143

82

810

714

1,054

910

953

961

529

270

331

2,356

2,311

2,247

2,562

2,650

1,842

1,075

632

383

333

0
.76

0
.76

0

0
.61

0
.61

0
.64

0
.46

2
.48

0
.45

"Tim"

0
.80
1
16,045
445

57

405

190

13, 425

12,572

11,486

10,630

9,652

1,936
152

1,511
32

1,257
14

1,301
4

1,502
10

1,281
30

1.14

1.17

1.18

1.15

1.13

1.01
1.02

1.04
1.04

1.02
1.01

.98
1.00

.95
.97

1.12

1.12

1.12

1.06

' 496,929
•91,377
• 405,552
7,843
6,127
8,051
8,638
509,410 517,317
253,119 242,363
89,766
74, 774

3,771
6,846
481, 793
235,515
62,769

1.13

9,154
15,066
471,620
249,686
98,756

134,935
8,881
380

315
34,323
7.25

7.32

37, 393
7.25
5.85

5.79

7,547

8,315

8,585
601, 417
49

9,024
657,904
51

4,820
3,857

4,700

1,003

5.79
8,211
9,311
655,023
53
5,250

1,086

960

958

1,204

1,122

447
63

921
113

1,077
126

0
.52

298

286

2,212

2,461

6,907

7,060

8,367

1,426
2

1,195
8

1,231
66

1,278
8

1,324
14

1.19

1.16

1.05

1.13

1.27

1.33

1.34

.97
1.05

.93

.86
.88

.87
.99

.92
1.04

1.03
1.15

1.10
1.19

1.13

.97

.97

1.03

1.07

6,390
4,668
7,971
6,355
445,599 405,507
227,259 216,181
52, 735 42,832

10,024
8,298
8, 683
11,217
380, 760 342,490
199,926 194, 779
31,607
23,739

28,895
11,233
339,480
192,419
36,674

48,169
42, 289
14, 997
15, 595
359,920 418,130
186,114 219,903
64,198
78, 631

27, 883
14,695
443,400
259,869
82, 406

8,697
317

8,154
266

7,920
303

7,624
253

7,665
248

34,509

36,309

35,466

35,567

33,745

33,918

7.28

7.16

7.48

7.22

6.87

7.44

5.75

5.66

5.91

5.89

5.64

6.13

7,599

7,986

7,787

8,465
599,975
53

8,767
634, 700
49
4,500
3,582

8,290
621,828
48
4,270

7,381

8,163
599,548
46
4,400

7,646
270
37,141

777

828

882

917

782

799

843

41, 686

780

« 10, 703
314
« 45, 664
8.48

8.38
6.24

7.19

7.06
8,082

«9,897

9,055
8,016
659,717
48
4,500

9,746
744, 779
61
5,400
3,864

834

871

74
4

8,567
279

7.99

7,387

7,857
8,125
625, 958 597,746
47
48
4,100
4,200
3,639

7,806

1,489
14

155,791

58,700

8,009
276

777
1,021
110

1,999
2
.47

8,559

87, 314
8,600
265
37,766

L I V E S T O C K AND M E A T S
Total meats:
Consumption, apparent A
mills, of lb_.
Production (inspected slaughter) A
mills, of lb._
Stocks, cold storage, end of mouth, total ±
mills, of lb._
Miscellaneous meats
.mills, oflb .

63
4,001

29
4,028

818

1

11,116
821,200
59
5,600

1,015
992

981
89

813
716
641
913
540
478
422
'402
57
63
50
50
49
53
78
2
Brewer's rice not included.
• Dec. 1 estimate.
/ Dec. 1 e s t i m a t e .
For earlier d a t a , see p . 20 of the N o v e m b e r 1932 issue, rye; a n d p . 20 of the J u n e 1935 issue, wholesale price of w h e a t , N o . 1 D a r k N o r t h e r n Spring M i n n e -

Revised.
* N e w series.
apolis.
f D a t a revised. For revisions of wheat flour, production a n d consumption (Russell's) from J u l y 1931 to December 1932, see p . 19 of t h e August 1933 issue. For revised
data on exports for 1932 see p. 39 of the J u n e 1933 issue for 1933, p . 20 of the September 1934 issue a n d for 1934, p. 19 of the December 1935 issue. For 1933 revisions on corn
wheat, and wheat (including flour), see p . 20 of the September 1934 issue.
'
• Represents the visible s u p p l y east of t h e R o c k y M o u n t a i n s as reported b y D u n & Bradstreet.
A G o v e r n m e n t slaughter not included.
# See footnote on p . 33 of this issue. D a t a for 1933 also revised, see p . 20 of the October 1934 issue and for 1934, revisions p . 20 of the December 1935 issue.




40

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
logether with explanatory footnotes and references to the sources of the data, may be found Novem- Novern- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

January 1936
1935

F a

Z~

March

April

May

June

July

380, 687
623

416, 360
988

August Septem- October

FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS—Continued
Cattle and beef:
Beef and veal:
Consumption, apparent A..thous. of lb_. «473,218
1,041
Exportsf
thous. of lb_.
Price, wholesale!
Beef, fresh native steers, Chicago
. 166
dol. per lb—
Production, inspected slaughter A
thous. of lb__ 492,498
Stocks, cold storage, end of month A
thous. of lb— 91,040
Cattle and calves:
Movement, primary markets:*
2, 037
Reop'Dts
thous. of animals.1,340
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather
and leather products.)
911
Shipments, total---thous. of animals—
445
Stocker and feeder.thous. of animals—
Price, wholesale, cattle, corn-fed, Chi
11.36
cago
dol. per 100 lb—
Hogs and products:

464,739
1,961

422, 822
« 1,360

466,814
1,342

365,414
1,164

394, 538
1,285

405, 041
1,034

425, 522
1,084

471,179
1,193

472,160
1,226

546, 724
1,013

.123

.126

.157

.175

.184

.192

.191

,174

.170

.179

.179

. 169

481, 645

429, 835

449, 865

345,112

374,848

374,311

404,144

366, 834

404,365

463, 641

465, 982

559,057

127,953

140,940

127,097

110,777

98,550

77, 559

63,523

55, 653

49,473

47, 292

48,226

2,163
1,356

1,797
1,221

1,889
1, 226

1,381
859

1,470
915

1,630
1,025

1,636
1,034

1,402
904

1,603
1,053

1,943
1,136

2,257
1,241

2, 545
1,351

835
317

565
165

649
199

509
192

537
192

587
219

596
237

494
150

414
145

792
302

97S
441

1,198
029

8.46

9.17

10.88

11.98

12.33

12.55

12.43

11.50

10.90

11.54

11.31

11.41

2,422
1,651

1,823
1,223

1, 622
1,126

1,650
1,138

1,551
1,075

1,301
926

1,336
912

1,278
874

1, 220
824

1. 652
1,182

764
30
7.99

601
26
8.49

498
32
9.29

506
28
8.96

477
26
9.41

375
27
9.49

420
24
9.49

401
31
11.26

390
11.41

463
25
10. 19

482, 726
27,419
17, 667

365, 749
24,165
15,890

377,014
19, 364
10, 635

415, 462
14, 787
7,193

427,060
20,294
9,740

370,858
15,041
6,877

395,089
13,413
4,915

341, 068
10, 256
3,406

301, 338
6, 213
1,' 515

399. 239
7, 425
2, 731

.165

.176

.185

.195

.203

.213

.223

.264

.279

.260

.136
.144

.143
.145

.144
.148

.138
.143

.141
.148

.147
. 154

.151
.158

.168
.177

.169
.177

. 151
.164

484, 691
78, 393

385,906
61, 221

351,302
55, 640

363,63^
57,704

373,924
58,684

321, 685
49,102

315, 612
45,772

290,419
41,306

250, 608
34, 392

363,102
47, 758

780,481
667,984
112,497

775, 795
668, 598
110,197

732, 280
627, 346
104, 934

666,105
564,881
101, 224

593, 399
503,413
89,986

529,987
445,307
84, 680

438,345
369,910
68, 435

378, 786
325, 249
53, 537

322, 955
277,605
45, 350

« 281, 365
a
240, 663
a 4ot 702

53, 665

45,856

56, 365

61,319

64,862

56,361

59,874

63,986

60, 255

69,370

52,990

45,600

56,179

61,089

64,678

55, 946

59, 653

63, 641

59, 941

69, 983

3,819

3,506

3,218

3,031

2,354

2,376

2,109

1,730

1,376

" 1.96S

1,749
1,022

1,522
850

1,803
1,011

2,106
1,223

2, 251
1,227

1,994
1,037

2,368
1,185

2,577
1,144

2 822
l' 109

3, 055
1. 225

720
151

666
134

784
137

886
88

1,046
86

891
81

1,169
109

1,434
342

1,660
533

1.860
886

3.91
6.53

4.09
6.47

4.13
6.63

4.00
6.58

3.69
6,72

3.00
6.72

2.95
8.23

3.09
8.25

3.28
8.95

3.59
9.00

750

858

1,488

1,866

1,963

1,503

1,170

856

781

704

39
52,726

34
39, 413

1,508
39, 516

3,901
59,313

6,366
84, 680

7,595
107,937

7,947
116,274

7,373
112, 585

6,353
98, 653

« 4, 644
« 88, 018

23,641

16, 501

13, 542

14,178

15,147

18,615

18,646

16, 765

21, 783

28, 332

61,815

48,274

47,051

41,262

34,911

39,720

« 53,156

Movement, primary markets:*
3,218
3,140
1, 671
Receipts.
thous. of animals1, 149
2,338
2,189
Slaughter, local
thous. of animalsSlaughter, inspected. (See Leather
and leather products.)
526
881
953
Shipments, total, --thous. of animals—
52
42
24
Stocker and feeder.tb.ous. of animals..
5.95
6.51
9. 42
Price, heavy, Chicago.--dol. per 1001b —
Pork, including lard:
Consumption, apparent A. _thous. of lb— «387,163 570, 492 486,499
34, 023
25,670
Fxnnrts totalt
thous oflb — 14,872
7,932 »19,739 • 16,170
Lardf
-thous. oflb-.
Prices:
.164
.161
Hams, smoked, Chicago. _dol. per lb—
.267
Lard:
.112
.122
.138
Prime contract, N. Y___dol. per lb_.
.116
.131
.144
Refined, Chicago*
dol. per l b Production, inspected slaughter, total A
thous. of lb-. 409,862 669, 797 641, 917
LardA
-.thous. of lb— 58,072 108, 746 109, 999
Stocks, cold storage, end of mo.
thous. of lb— 290, 477 675, 740 805, 670
Fresh and curedA
thous. oflb— 252, 927 571,913 687,563
LardA
thous. oflb-. 37, 550 103,827 118,107
Sheep and lambs:
Lamb and mutton:
50,806
50,678
Consumption, apparent A._thous. oflb— « 54,961
Production, inspected slaughter A
thous. of lb— 55,702
52,451
50,625
Stocks, cold storage, end of mo.
4,687
4,560
2, 665
thous. of lb—
Movement, primary markets: •
1,542
1,833
1,732
Receipts
thous. of animals—
1,017
902
927
Slaughter, local
thous. of animalsSlaughter, inspected. (See Leather and
leather products.)
822
819
644
Shipments, total
thous. of animals—
283
133
335
Stocker and feeder.-thous. of animalsPrices, wholesale:
4.11
2.63
2.00
Ewes, Chicago
-dol. per 100 l b ~
5.61
5.98
9.81
Lambs, Chicago
-dol. per 100 lb—
Poultry and eggs:
Eggs:
642
641
Receipts, 5 markets
thous. of cases..
588
Stocks, cold storage, end of month:
2,380
648
Case
thous. of cases. _ 2, 738
64,879
76,073
Frozen
thous. of lb— 79, 029
Poultry:
59, 223
64,370
Receipts, 5 markets
-thous. of lb— 62, 486
Stocks, cold storage, end of mo.
thous. of lb— 85, 796 105,565 132,001

122, 285

106, 776

83,713

a

65, 484

TROPICAL PRODUCTS
Cocoa:
12,332
11, 763
18, 229
46, 706
44, 285
17,051
21, 593
12, 587
10,933
16,713
23,378
19, 388
Imports*
long tons.. 19, 005
.0504
.0500
.0474
.0470
.0501
.0501
.0491
.0517
.0510
.0525
.0487
.0527
Price, spot, Accra, N. Y
-dol. per lb—
Shipments, Gold Coast and Nigeria
32,462
45,259
59,032
52,091
30,175
22,657
14,631
12,796
17,399
14,696
10, 820
23, 345
long tons.. 39, 786
Coffee:
Clearances from Brazil, total
1,076
1,118
1,006
1,390
1,316
1,308
1,298
1, 466
1,420
1,096
1,138
1,651
978
thous. of bags..
887
734
728
572
724
610
514
612
637
779
609
887
879
To United States—
thous. of bags..
Imports into United States#
1,021
762
1,059
1,199
1,201
1,061
911
971
1,114
943
1,130
1,237
1,086
thous. of bags..
.069
.066
.064
Price, Rio No. 7, N. Y .
dol. per lb__
.071
.093
.094
.076
.066
.093
.085
.071
.066
.068
1,514
1,509
1,440
1,343
1,379
Receipts at ports, Brazil.-thous. of bags1,029
1,344
1,431
1,472
1,105
1,651
1,113
1,093
Stocks, world total, incl. interior of Brazil
24,032
22, 930
23, 204
24,722
24,716
26,168
25,904
25,633
25,060
27,204
thous. of bags..
0)
0)
0)
Visible supply, total excl. interior of
7,540
6,642
6,477
7,374
7,670
7,749
6,820
6,537
6,915
7,153
7,653
7,794
7, 669
Brazil
thous. of bags..
718
878
769
715
655
672
799
790
941
705
863
817
820
United States
thous. of bags_.
1
Total incomplete.
i Data not available.
» Revised.
A Government slaughter not included, see p. 44 of the June 1935 issue.
#See footnote on p. 33 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue, for 1934 revisions see p. 20 of the December 1935 issue.
tFor revisions of exports for 1932, see p. 40 of the June 1933 issue. For revised data for 1933 on all export data, see p. 20 of the September 1934 issue, for 1934 see p. 19
of the December 1935 issue.
New series. See p. 18 of January 1934 issue.
•Includes animals purchased for Federal Relief Corporation for month of October 1934-February 1935.




January 1936

41

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

1935
February

March

April

May

June

July

August Septem- October
ber

FOODSTUFFS AND TOBACCO—Continued
TROPICAL PRODUCTS— Continued
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
912
thous. of long tons_.
United States:
Meltings, 8 portsf-.
long tons— 240,378
Price, wholesale, 96° centrifugal, New
York
dol. per lb_.
.035
Receipts:
From Hawaii and Puerto Rico
long tons.. 69,960
Importsf #long tons,. 54,844
Stocks at refineries, end of mo.f
long tons.. 333, 543
Refined sugar:
Exports, including maplet
long tons.. 10,308
.057
Price, retail, gran., N. Y
dol. per lb_.
.052
Price, wholesale, gran., N. Y.dol. per lb_.
Receipts:
From Hawaii and Puerto Rico*
long tons..
1,402
Imports:
Cuba* *
long tons..
2,298
Philippine Islands*.
long tons..
0
Shipments, 2 portsf
-long tons.. 34, 026
Stocks, end of month, 2 portsf-long tons.. 15,842
Tea:
7,867
Imports#
thous. of lb_.
Price, wholesale, Formosa, fine, N. Y.
.275
dol. per lb_.

1,345

1,789

2,317

2,465

2,230

1,993

1,589

1,158

1,076

278,822

227,522

356,818

300,884

327,724

340,929

436,500

323,013

414,436

331,240

301,969

313,903

.029

.029

.028

.029

.030

.033

.033

.033

.033

.033

.035

.036

65, 794
165,561

58,463
260,715

100,368
484,448

151,033
139,153

181,898
205,251

168,519
242,346

125,811
225,913

163,091
210,218

117,378
326,736

120,832
511,025

116, 556
117,163

73,641
82,044

456,679

718,953

483,143

424,085

492,247

567,039

509,028

504,813

536,236

596,925

537, 518

395,639-

24,453
.053
.045

21,461
.052
.043

8,948
.052
.042

10,307
.051
.042

7,932
.051
.043

4,209
.052
.049

3,187
.053
.052

5,681
.053
.052

6,496
.055
.051

12.450
.055
.050

13, 369
.056
.051

14,485
.056
.052

670

2,528

6,972

18,816

13,158

12,806

15,028

16,260

12,099

6,472

6,381

1,534

4,911
2,435
36,981

6,343
53
37,414
25,969

53,280
18
42,309
18,110

18,385
0
46, 577
15, 565

15, 263
729
50,515

45,164
4,816
59,109

10,361
6,857

16,026

11,839

24,586
5,875
56,190
13,857

14,603

27,842
6,555
58,606
13,346

101,105
0
50.451
13,742

7,666
0
46,853
9,754

8
0
40, 943
9,951

5,015

7,385

6,524

5,999

5,499

5,830

6,521

8,457

9,326

.215

.215

.275

.275

.275

.275

.275

.275

.275

24,596

20,475

19,637

14,434

11,191

16,910

27,886

26,187

24,350
362,326

41, 769 38, 445
732,630 950, 789

42, 793
462, 745

23,429
7,668
.215

8,401

6,049

.275

.275

21, 238

21,753

20,419

21,616
348,805

27,454
659,355

37,369
676,996

44,343
309,459

73,850

64,176

51,574

35,213

22,068

21,691

35,905

48,157

59,443

66, 527

70,079

28,609
3,608
•1,045,660

31, 711
4,418

24, 629
4,501

31,897
4,643

17,937
5,700

17,386
4,044

12,452
6,623

14, 782
5,250

22, 644

52, 671
4,943

8,470

MISCELLANEOUS PRODUCTS
Candy sales by manufacturers-thous. of dol.. 27, 030
24,935
Fish:
Landings, fresh fish, principal ports
thous. of Ib_. 33,368 «26,409
Salmon, canned, shipments..cases..
367,430
Stocks, total, cold storage, 15th of month
tbous. of lb_. 76,332
77,126
TOBACCO
Leaf:
Exportsf.
thous. of lb_. 67,793
47,634
4,521
Imports, unmanufactured#.__thous. of lb_.
4,843
Production, crop estimate
thous. of lb.. /1,283,74:
Stocks, total, including imported types
(quarterly)
-..mills, of lb_.
Flue-cured, fire-cured, and air-cured
mills, of lb_.
Cigar types
__.mills. of l b Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions.. 10,801
9,727
Large cigars.
thousands-. 457,299 466,164
Manufactured tobacco and snuff
thous. of l b - 26, 687
27,769
Exports, cigarettes
thousands.. 393,886 282, 269
Prices, wholesale:
Cigarettes
—dol. per l,000_.
6,380
5,380
Cigars
dol. per l,000_. 45.996
46.697

2,224

41,588 38,378 42,811
203,609 368,097 407,363

2,348

2,163

2,199

387

1,783
360

1,701
374

1,771
350

9,210
317,563

11,337
327,578

9,306
320,864

10,200
351, 694

10, 697
373,673

11,709 12,120
407, 731 402,272

13,138
432,159

11,975 10, 774
422, 282 430,959

12, 711
524, 399

22,709
288,768

30,120
332,412

26,103
329,290

27,970
323,732

27,689
261,677

30, 603 27,879
382,815 308,500

29,066
304,549

30, 212 28, 984
307,484 297, 240

31,916
324, 298

5.380
46. 697

5.380
46. 697

5.380
48.820

5.380
46.820

5.380
46.041

5.380
46.041

5.380
46.005

5.380
45.996

5.380
45.996

5.380
45.996

89

5.380
46.041

162

120

9.657
4,172
3,587

9.969
4,279
3,681

FUELS AND BYPRODUCTS
Anthracite:
COAL
Exports
thous. of long tons—
Prices:
Retail, composite, chestnut^
dol. per short ton
Wholesale, composite, chestnut}
dol. per short ton—
Productionf.
thous. of short tons—
Shipments!
thous. of short t o n s Stocks in storage:*
Total...
..thous. of short tons
Stocks, in yards of dealers, end of month
no. of days' supply..
Bituminous:
Consumption:
Coke plants.
thous. of short tons—
Electric power plantsf
thous. of short tons—
Railroads
thous. of short tons..
Vessels, bunker
thous. of long tons—

120

118

140

84

156

13.04

13.02

13.01

13.02

13.01

12.47

11.70

11.63

11.86

12.07

9.833
4,181
3,601

9.847
4,705
4,214

11.033
5,691
5,071

9.841
4,505
3,946

9.716
3,082
2,555

9.132
4,806
4,168

8.809
4,919
4,347

8.918
5,642
4,879

9.245
3,536
3,032

9.436
2,591
2,393

2,540

1,921

1,415

921

774

456

705

970

1,462

1, 758

24

23

44

54

72

60

62

3,860

3,765

4,086

4,171

« 4,530

60
3,438

27

3,637

4,199

4,178

4,381

2,870
6,248

3.011
5,550
79

2,677
5,094
82

2,643

3,969

4,134

12.83

2,579
2,540
2,608
2,802
3,038
« 2,960
« 3, 438
4,855
4,822
4,706
4,535
4,329
4,575
4,789
5,449
120
95
144
132
161
156
128
161
• Revised.
/ Dec. 1 estimate.
* Dec. 1 estimate.
» Preliminary
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933, data revised for 1933, see
p. 20 of the September 1934 issue. For 1934 revisions see p. 19 of the December 1935 issue. 1932finalrevision of anthracite production, p. 42, January 1934. Anthracite shipments for 1932, p. 42, December 1933; consumption of bituminous coal by electric power plants for 1932, p. 42, May 1933; for 1933, p. 42, May 1934. Data also revised for 1934.
Revisions not shown on p. 43 of the June 1935 issue will appear in a subsequent issue. For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue*
For 1932 revisions of sugar imports and exports see p. 41 of the June 1933 issue. For revisions of exports in 1933, see p. 20 of the September 1934 issue. Revised data on shipments and stocks of refined sugar at 2 ports (for period January 1925-April 1935) are shown on p. 18 of the October 1935 issue, change resulted from a reduction in the number
of reporting refineries.
# See footnote on p. 33 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue. For 1934 revisions, see p. 20 of the December 1935 issue.
• Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports.
1934 on imports of refined sugar from the Philippine Islands are not available

Digitized for K Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price will be shown quarterly.
FRASER


42

SURVEY OF CURRENT BUSINESS

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

January 1936
1935

JaQuary

February-

March

April

May

June

July

August

October

FUELS AND BYPRODUCTS—Continued
COAL—Continued
Bituminous—C ontinued.
902
Exports
thous. of long tons..
Price, retail composite, 38 cities 1
dol. per short ton
Prices, wholesale:
4. 336
Composite, mine run dol. per short ton__
Prepared sizes (composite)
4.508
dol. per short ton._
Productionf
thous. of short tons.. p 33,010
Stocks, consumers, and retail dealers, end
of month
thous. of short tons.. 39,859
COKE
58
Exports...
..thous. of long tons..
Price, furnace, Connellsville
3.66
dol. per short ton..
Production:
101
Beehivet
thous. of short tons..
3,116
Byproduct!
thous. of short tons..
Petroleum.—
thous. of short tons..
Stocks, end of month:
3,026
Byproduct plants
thous. of short tons..
Petroleum, refinery.-thous. of short tons..
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills)-thous. of bbl
2,128
Imports#
- thous. of bbL.
.940
Price, Kansas-Oklahoma
dol. per bbl-.
Productionf§
thous. of bbl..
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel oil§
Light crude§-_
thous. of bbL.
East of California, totalf§-thous. of bbL.
Refineriesf§
thous. of bbL.
Tank farms and pipe linest§
thous. of bbL.
Wells completedf§
number..
Refined products:
Gas and fuel oils:
Consumption:
Electric power plantst--thous. of bbl._
Railroads
—- thous. of bbl..
Vessels, bunker
thous. of bbL.
Price, fuel oil, Oklahoma, 24-26 refineries
dol. per bbL.
Production:
Residual fuel oil*t§
thous. of bbl. .
Gas oil and distillate fuels*t§
thous. of b b l -

949

537

366

351

350

882

772

955

983

1,080

789

8.35

8.36

8.37

8.39

8.39

8.24

8.11

8.05

8.12

8.12

8.41

4.190

4.190

4.180

4.180

4.180

4.180

4.217

4.234

4.252

4.233

4.237

4.324

4.449
30,856

4.460
32,331

4.459
36, 681

4.462
34,781

4.446
38,655

4.314
21, 937

4.277
26, 773

4.294
30,067

4.281
26,112

4.336
24, 944

4.451
37, 664

36, 356

34,476

32,045

32,197

38, 543

36, 249

35, 541

41,127

4.314
22, 252
40, 772

40,378

40, 904

» 39, 553

25

23

18

*50

69

70

62

54

54

3.73

3.73

3.73

3.73

3.70

3.60

3.60

3.54

3.37

3.33

3.33

3.64

97
2,262
113

87
2,414
97

2,802
116

2,781
110

101
2,911
119

67
2,670
120

57
2,793
132

61
2,600
135

46
2,566
140

56
2,778
131

55
2,836
123

90
3,052
119

3,418
459

3,418
405

3,129
375

2,860
353

2,961
367

3,019
397

2,791
416

2,787
424

2,995
441

3,192
458

3,129
454

2, 975
427

73,784
3,448
.940
72,399

76,593
2,794
.940
74, 797
70

75,456
1,699
.940
78,715
69

70,817
1,753
.940
72,763
72

76, 630
3,227
.940
81,488
68

75,066
2,651
.940
78, 427
68

80, 412
3,160
.940
82, 454
70

81, 724
2,937
.940
82,338
74

84, 903
3,000
.940
85,485
74

84, 584
3,110
.940
84,816
74

83, 347
2,870
.940
84,109
74

85,132
2,815
.940
88,160
73

63,891
37, 290
297, 068
55, 253

61,861
37,529
292, 810
55,019

60, 879
37,823
293, 226
55,892

60, 689
37,447
292,776
56,316

58, 243 58, 518
59,714 58,818 58, 928 57,894 58,498
36, 872 35,377 33, 233 33, 282 32, 662 33,494 34, 981
297,380 298, 240 294, 314 289, 703 284,471 278,643
295,351
57, 651 59, 343 59, 909 57, 584 56, 081 56,055
53, 710

59, 388
35, 591
274, 568
51,751

241,815
1,036

237,791
1,051

237,334
1,004

236,460
1,103

237,700
1,209

238,037
1,248

894
3, 353
2,434

892
3,437

2~329

800
3, 215
2, 250

796
3,108
2,148

814
3,441
2,698

764
3,365
2,402

.713

.750

.750

1,104

83

42

19,917 I

21,086

8,044 |

8,136

32

2,477
.750
20, 335
7,696

238, 331 236, 730 233, 622 228, 416 224, 933
1,428
1,467
1,348
1,433
1,385

849
3,390
2,621

852
3,241
2,496

931
3,300
2,666

1,011
3,381
2,762

1,041
3,366
2,560

222, 817
1,218

« 1,161
3, 898
2,740

.750

.750

.750

.769

.775

.765

.750

.740

. 700

19,178

20,453

19,328

21,311

20, 267

20, 210

21,232

21, 495

22, 652

7,147

8,678

7,183

8,198

8,205

8,709

8,129

8, 885

9, 068

" Residual fuel oil, east of California*!!
~
26, 265
25, 274
24,136
23, 614 22, 677 23, 884 25, 548 26, 909 27,179
27, 351
28,081 j 26,579
thous. of bbl. .
Gas oil and distillate fuels, total*§
24, 299
18,021
16,280
24,449 I 21,957
16, 052 16, 232 17, 365 20, 232 22, 915 23, 860 24, 272
thous. of bbl.Gasoline:
26.432
41. 401
31,997 36, 076 39, 089 37, 884 41, 203 42,836 37,802
31998 ! 30,581
28,052
Consumption!§._
—thous. of bbl.
2,453
1,330
2.195
1,092
2, 760
2,729
2, 678
1,833 I 1,373
Exports^
thous. of bbl.
1, 845
1,848
2,759
2,081
Exports, value. (See Foreign Trade.)
Price, wholesale:
.162
.173
.138
.166
. 173
.173
.136
.128
.120
.163
.173
. 165 i
.161
Drums, delivered, N. Y—dol. per gal..
.056
.051
.053
.044
.056
.045
. 056
.046
.046
.046
.056
Refinery, Oklahoma
dol. per gal .
. 056
. 056
Price, retail, service station, 50 cities
.136
.139
.132
.132
. 140
.129
.133
dol. per gal._
Production:
3,064
3,056
3,085
2,952
3,132
3,134
3,202
3, 574
3, 280
3,223
3.263
3, 240
At natural gas plants!§ -thous. of bbL.
4 1 , 0,16
35, 330
32,702
35,591
35, 314 34, 728 37, 583 38,180 40, 667 40, 488 39,817
35,997
At refineries!!
thous. of bbL.
Retail distribution (41 States)!
1,258
1,043
1,113
809
1,243
970
1,176
1,022
848
1,145
931
mills, of gal..
Stocks, end of month:
2,050
2,975
2,579
1,472
3,027
1,461
2,745
2,760
2, 442
1,778
"1,336
889
At natural gas plants§..thous. of bbL_
33, 224
40, 220 37, 867 34, 725 32, 499 30, 550 26, 549 27,166
38,548
25,201
28,311
At refineries!§
thous. of bbL.
27, 280
Kerosene:
3,751
3,545
3,631
4, 520
4,597
3,892
2,885
4,299
3,959
2,768
4,761
4,451
Consumption!!-.
thous. of bbL.
519
498
496
370
441
456
750
585
538
614
625
Exports.
thous. of bbl._
798
Price, 150° water white, refinery, Pa.
.048
.050
.050
.050
.049
.049
.049
.050
.050
.049
.047
.048
.046
dol. per gaL.
4,390
4,325
4,474
4,978
4,212
4,791
5, 215
4,498
4,417
5,011
4,786
4,777
Production!
thous. of bbL.
9,398
9, 318
6,886
7,295
6,119
6,834
9.169
9, 238
8,310
7,199
6,388
6,398
Stocks, end of month§
thous. of bbL.
Lubricating oil:
1,802
1,667
1,919
1,820
1,655
1,557
1,297
1,617
1,558
1, 697
1,493
1,391
Consumption!!
thous. of bbl .
Price, cylinder oil, refinery, Pa.
.120
.110
.113
.120
.120
.120
.110
.120
.110
.113
.120
.134
.126
dol. per gal .
2, 399
2,392
2,309
2, 213
2,251
2, 247
2,175
2,090
2,346
2, 463
2, 357
2,028
Production!
thous. of bbL.
Stocks, refinery, end of month §
|
6, 649
6,612
7,026
6,897 j 6,855
7,100
7,277
6,517
7,416
G, 607
6,869
7,331
thous. of bbl |
° Revised.
* Preliminary.
>
0 New basis due to reclassification of motor-iuel stocks.
! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Bituminous coal production, for 1932, p. 42, January 1934, Bituminous
coal production revised for 1933 and 1934. Revisions not shown in the May 1935 issue will appear in a subsequent issue. Beehive and byproducts coke for 1932, p. 43 of
December 1933 issue, and for 1933 revisions see p. 43, July 1934. Data for 1934 also revised; revisions not shown in the July 1935 issue will appear in a subsequent issue. Crude
petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932. See footnote on p. 56, November 1933.
Consumption of gas and fuel oils in electric power plants for 1932, p. 43, May 1933; for 1933 revisions, p. 43, May 1934. Data also revised for 1934. Revisions for months
not shown for 1934 on p. 44 of the June 1935 issue will appear in a subsequent issue. Production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel
oil east of California, consumption of gasoline, production of gasoline at natural-gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, for 1932, p. 56, November 1933; retail distribution of gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934.
# See footnote on p. 33 of this issue. Imports also revised for 1933, see p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of the December 1935 issue.
§ D'lta revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue.
• Data revised for 1933, see p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue.

• New series. For earlier data see p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas oil and distillate fuels.
1
http://fraser.stlouisfed.org/ Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price will be shown quarterly.

Federal Reserve Bank of St. Louis

43

SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber

1935
March

April

May

June

July

August Septem- October
ber

FUELS AND BYPRODUCTS—Continued
PETROLEUM AND P R O D U C T S Continued
Refined products—Continued.
Other products:
Irnports#
thous. of short tons_.
Productionf§
thous. of short tons__
Stocks, refinery, end of month
thous. of short tons.
Coke. (See Coke.)
" ov
W
Production .
thous. of lb._
Stocks,refinery,end of mo.§.thous.oflb.

12

1
225

0
155

3
147

9
132

8
182

1
251

0
308

2
350

2
352

2
380

343

6
351

309

339

368

378

409

411

424

435

405

363

354

341

39,480
130, 222

37, 520
136,136

36,960
141, 252

35, 280
145, 744

37, 240
141,809

43,120
144,153

41,160
145,982

31, 360
141, 506

32,480
138,941

35, 000
136, 646

36, 400
131, 560

39,200
124, 557

LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skinsf#-thous. of lb. 25,373 11,095
1,960
658
Calf and kip skins
thous. of lb..
3,763
Cattle hides
thous. of lb. 11,631
3,219
6,299
QoatskinsJ
thou . of lb.
2,554
2,685
Sheep and lamb skins
thous. of lb.
Livestock, inspected slaughter:
522
480
CalvesA___
__thous. of animals.
1,284
956
CattleA
thous. of animals.
4,023
2,422
Hogs
thous. of animals.
Sheep A. _
thous. of animals.
1,447
1,407
Prices, wholesale:
Packers, heavy native steers, Chicago
dol. per lb.
.157
Calfskins, no. 1 country, Chicago
dol. per lb.
.110
.181
LEATHER
Exports:
333
451
Sole leather
.thous. of lb.
6,030
Upper leatherf*
thous. of sq. ft.. 8,571
Production:
Calf and kip*
thous. of skins..
1,015
1,684
Cattle hides*t-thous. of hides..
3,329
Goat and kid*t
thous. of skins..
Sheep and lamb*t$
thous. of skins..
2,871
Prices, wholesale:
Sole, oak, scoured backs (Boston)
.27
dol. per lb_.
.39
Upper, composite, chrome, calf, black,
" B " grade
dol. per sq. ft..
.298
. 386
Stocks of cattle hides and leathers (all kinds)
end of month:
17,421
Total* 1
thous. of equiv. hides.In process and finished*
thous. of equiv. hides. _
10,507
6,914
Raw*f
thous. of equiv. hides-.
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total*
Dress and semidress*..
Work*

dozen pairs._
dozen pairs-_
dozen pairs..

12, 635
1,131
5,303
2,856
2,397

16,879
1,289
5,610
5,752
2,549

18, 568
1,306
7,402
5,870
2,351

24,705
1,429
11,801
6,480
3,440

24,736
1,140
12,815
6,132
3,160

27,003
1,810
12, 275
6,056
4,643

25,107
2,942
10, 203
7,277
3,348

33,178
2,164
16, 329
8,211
4,470

28,357
1,931
11,907
7,950
3,576

25,056
2,225
11,712
6,133
3,146

27, 786
2,236
12, 670
5,574
5,827

494
1,076
4,196
1,298

512
978
3,047
1,345

391
663
2,409
1,137

473
691
2,158
1,374

511
683
2,177
1,483

508
735
2,172
1,584

439
669
1,828
1,421

464
745
1,712
1,546

472
875
1,668
1,665

458
886
1,453
1,549

531
1, 083
2,135
1,765

.110

.120

.111

.104

.113

.123

.124

.130

.132

.143

.154

.114

.122

.113

.112

.118

.153

.156

.146

.138

.158

.176

233
5,676

281
5,428

184
7,307

187
7,094

213
6,040

448
6,035

242
5,522

382
4,595

443
5,798

430
3, 603

510
8, 563

1,079
1,683
3,274

1,119
1,878
3,593
3,131

1,023
1,749
3,652
3,090

1,095
1,808
4,038
2,982

1,088
1,823
4,184
3,144

1,156
1,866
3,970
2,850

1,316
1,661
3,587
2 s 802

1,399
1,719
4,061
3,039

1,349
1,830
4,091
3,474

1,227
1, 724
3, 993
3,061

1,286
2,045
4,539
4,111

2,707
.28

.30

.30

.30

.32

.37

.35

.34

.35

.35

.37

.307

.319

.320

.320

.320

.342

.354

.361

.362

.373

.380

17,905

18, 288

18, 236

18,152

18, 209

18, 203

18, 044

17, 844

17, 764

17, 851

18,016

10,830
7,075

11,271
7,017

11,394
6,842

11,419
6,733

11,447
6,762

11,516
6,687

11,487
6,557

11,381
6,463

11,330
6,434

1 I, 273
(5, 578

11,423

196, 371 141, 377 141, 124 177. 442 194, 886 187, 746
131,082 86, 735 74. 649 100, 424 114,880 103, 353
65, 289 54, 642 66, 475 77, 018 80, 006 84, 393

201, 204
112,955
88, 249

194, 270
114,037
80, 233

82

79

68

194,951 I271,909
108,360 147,926
86, 591 123, 983

255, 792
142, 230
113,562

28G, 857
178, 372
108, 485

101

73

106
5. 50

Shoes:

Exports
thous. of pairs__
82
Prices, wholesale:
Men's black calf blucher,
Boston
dol. per pair._
5. 50
Men's black calf oxford, lace,
St. Louis
dol. per pair..
4.35
Women's colored calf, Goodyear welt,
oxford, average
dol. per pair._
0)
Production, totalf
-thous. of pairs.. 27,189
Men'sf
thous. of pairs.. 7,984
Boys' and youths'f.
thous. of pairs.. 1.299
Women'sf
thous. of pairs. _ 7,053
Missses' and children'sf-thous. of pairs._ 2,602
Slippers, all typesf
thous. of pairs.. 5,362
All other footwearf
thous. of pairs. . 2,889

77

49

40

55

92

69

6, 593

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.21

4.25

4. 25

4.00
23,852
6,939
1,252
6,147
2,293
4,827
2, 394

4.00
23, 200
6,563
1,194
7,746
2,401
2,892
2,404

4.00
29, 007
7,677
1,381
11,897
3,078
1,734
3,239

4.00
30,107
7,567
1,273
12, 631
3,136
2,106
3,393

4.00
33,584
8,136
1,384
13, 927
3,301
2,559
4,279

4.00
33,828
8,050
1,370
13, 563
3,610
2,618
4,617

4.00
30,750
8,145
1,511
10,810
3,177
2,948
4,160

4,00
26, 732
7,794
1,566
8,727
2,706
2,516
3,423

4.04
31, 687
7,795
1,701
13,001
2,902
3,231
3,056

(0
36, 508
8,888
1,657
15, 622
3,295
4,054
2,992

0)
33, 468
8,186
1,469
13, 217
2, 929
4,807
2,859

4.31
0

CO

35, 449
« 9, 653
1, 691
"11,746
<*3,163
a
6, 056
a 3,141

<* Revised.p
i Data discontinued by reporting source in July 1935.
^Raw stocks in all hands as shown above include all hides from Government animals slaughtered under Federal inspection. Hides from cattle allotted to State relief
agencies and which were not killed under Federal inspection are not included unless they have already moved into sight. It is obvious, therefore, that a quantity of hides
from noninspected slaughter held by State Relief Agencies constitutes an invisible addition to the visible supplies shown above.
tData on production of sheep and lamb and goat and Kid leathers from 1927-34 have been revised. For revisions not shown on p. 44 of the April 1935 issue see p. 19
of the June 1935 issue.
A Government relief slaughter included for the period June 1934-February 1935. See p. 44 of the June 1935 issue for the figures, excluding relief slaughter. For sheep
and lambs, relief slaughter only affected the data for the months of September to December 1934.
§Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue.
#See footnote on p . 33 of this issue. I m p o r t s revised for 1933, see p . 20 of t h e October 1934 issue, for 1934 revisions see p . 20 of t h e D e c e m b e r 1935 issue.
• N e w series: For earlier data refer to the indicated pages of the m o n t h l y issues. Leather production, p . 19, June 1933; leather stocks, p . 19, January 1935. N e w series
on gloves and mittens cover 234 identical manufactures as reported to the U . S. Department of Commerce, Bureau of the Census. D a t a prior to July 1934 are not available. These data are not comparable with data through January 1934 previously shown.
t Revised series. For earlier data refer to the indicated pages of the m o n t h l y issues, Production of cattle, sheep, and lamb leather, p . 44, April 1934; imports of total
hides a n d skins for 1932, exports of u p p e r leather for 1932, p . 43, J u n e 1933; boot a n d shoe production for 1934, p . 45, M a r c h 1935. P r o d u c t i o n of asphalt for 1932, p . 56, N o v e m b e r 1933.
• D a t a revised for 1933. See p . 20 of t h e S e p t e m b e r 1934 issue; for 1934 revisions see p . 19 of t h e D e c e m b e r 1935 issue.




44

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

January 1936
1935

March

April

May

June

67,627

61,883

1 July

August Septem- October
ber

LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports (boards, planks, and scantlings)**
M ft. b. m
National Lumber Mfgrs. Assn:±* Jj
Production, total
.mill. ft. b. m_.
Hardwoods
mill. ft. b. m__
Softwoods
mill. ft. b. m
Shipments, total
mill. ft. b. m__
Hardwoods
..mill. ft. b. m._
Softwoods
mill. ft. b. m
Stocks, gross, end of month totalmill, ft. b. m.
Hardwoods
mill. ft. b. m._
Softwoods
.mill. ft. b. m._
Retail movement:
Eetail yards, Ninth Fed. Res. Dist.:
Sales
M ft. b. m__
Stocks, end of month
__M ft. b. m__
Retail yards, Tenth Fed. Res. Dist.:
Sales
-M ft. b. m
Stocks, end of month
M ft. b. m..
Flooring

83,258

93,861
8

8
a
8
8
8

1,116
172
"944
1, 254
214
1, 040

106, 766

8

« 957
163
a
794
1,114
196
°918

8, 052 « 7,895
2,154 8 2,121
5,898
5,774

8,676
63,137

7,777
55,191

4,019
53,948

3,061
27, 708

2,499
25,929

1,626
25,399

Maple, beech, and birch:
Orders:
4,514
2,905
2,669
New
-M ft. b. m
3,819
3,510
Unfilled, end of monthM ft. b. m._ 4,683
3,339
Production
M ft. b. m__ 5,109
2,673
3,005
Shipments
-M ft. b. m__ 4,609
2,668
Stocks, end of month
M ft. b. m__ 21,023 20, 286 21,001
Oak:
Orders:
8,262
6,246
New
M ft. b. m._ v 25,125
6,425
Unfilled, end of month
_M ft. b. m__ 19,925
5,678
9,182
Production
_
M ft. b. m__ *20,823
7,704
19, 547
9,533
Shipments
M ft. b. m.
6,964
Stocks, end of month
M ft. b. m. 54,119 63, 077 63,614
Hardwoods
Hardwoods (Southern and Appalachian districts):
Total:
Orders:
109
124
New
_
mill. ft. b. m__ 0)
227
261
Unfilled, end of month ..mill. ft. b. m_. 0)
90
Production
mill. ft. b. m__ 0)
Shipments
...mill. ft. b, m__ 0)
113
109
Stocks, total, end of month
1,932
1,927
mill. ft. b. m__ 0)
1,700
1,671
Unsold stocks
mill. ft. b. m_- 0)
Qum:
Orders, unfilled, end of month
mill. ft. b. r^49
0)
Stocks, total, end of month
441
432
mill. ft. b. m__ 0)
403
383
Unsold stocks
mill. ft. b. m_. 0)
Oak:
Orders, unfilled, end of month
mill. ft. b. m__ 0)
106
97
Stocks, total, end of month
639
648
mill. ft. b. m__ 0)
542
542
Unsold stocks
mill. ft. b. m._
C1)
Softwoods
Fir, Douglas:
Exports:!
Lumber*
M ft. b. m__ 20, 227 40,728 45,325
Timber
M ft. b. m__ 17, 577 26,156 27,565
Orders:
Newi.
—M ft. b. m__ 200,099 124,446 128,923
Unfilled, end of month
_M ft. b. m__ 148,171 110,121 145, 038
Price, wholesale:
16.00
16.00
No. 1 common
dol. per M ft. b. m__ 0)
Flooring, 1 x 4, " B " and better
34.00
34.00
(0
dol. per M ft. b. m__
Production^
_
M ft. b. m__ 191, 593 122,656 103,407
Shipments^
M ft. b. m_. 174,135 123,998 113, 703
Pine, northern:
5,044
4,718
Orders, new
M ft. b. m._ 9,239
1,014
608
Production
M ft. b. m._ 1,803
9,322
5,526
4,237
Shipments
M ft. b. m__

91, 728

93,762

101, 200

• 8 078 » 1,133 8 1, 247
1,
"232
«270
207
«977
"871 8 8 901
8
1, 254 • 1, 361
1, 273
"215 0 «220 8 ° 255
8
1, 034
1,106
1, 058
• 7, 700
8
2,113
« 5, 587

8
8
8

8
a

7, 579
7. 465
2,125
2,140
5, 454 « 5, 325

89, 276
8
8
8
8
a
a
1

1, 382
"280
1,102
1, 521
"290
1, 231

8
a
a
8

1, 374 8 1, 359
8
«290
285
1, 084 ° 1, 074
8
1,415
1, 681
8
8
290
285
1, 396 • 1,125

7, 326 « 7,019
2,130 « 2,135
5,196 I « 4,884

8
8
8

6,963
2,130
4,833

59,893
8
8
8
8
8
8
8

1, 636
8
278
1, 358
1, 614
«288
1, 326

73, 012
8

81, 752
8

1, 806
289
1, 517
1, 761
280
1,481

8
8

6,985
2,120
4,865

"7,030
» 2,129
• 4, 901

8
8
8

8
8
8

8

1, 750
«293
1, 457
1, 643
259
1, 384
7,137
2,163
4, 974

3,403
58,442
1,735
25,584

2,738
63,831

3,340
66,738

5,776
67,415

8,180
69,405

10,629
67,104

10, 636
67,160

11, 567
69,817

9,787
69, 793

1,689
25,895

2,317
26,082

2,517
26, 619

2,883
26,788

2,701
26,991

3,741
27, 569

3,257
27, 773

2,882
27,902

4,122
4,561
3,366
3,302
21,059

4,630
5,831
3,440
2,812
21, 608

5,151
3,894
2,929
22, 766

3,634
5,195
3,942
4,148
22,301

4,307
5,112
3,342
4,410
21,313

4,311
5,388
4,347
4,692
21,043

5,706
6,045
4,200
5,114
20,295

4,278
5,498
4,315
5,037
18, 214

3,917
4,989
4,276
4,035 I
19,638 I

6,406
8,777
8,676
63,302

12, 264
8,504
7,773
9,015
61,442

15,889
10, 237
10, 245
14,606
57,061

13,947
10, 638
11,698
14,438
53, 959

21,991
14,422
15,078
18, 306
50, 392

18,622
15,304
18,108
17, 732
50,639

15, 466
12,423
20, 606
18, 374
52, 644

16,456
11, 004
17,642
17,864
52,408

19, 459
13,065
19,467
17, 402
54, 475

146
269
131
131

173
287
146
161

158
262
150
161

158
264
150
173

161
269
146
173

158
271
146
176

158
279
191
180

195
296
210
184

1,914
1,645

1,905
1,618

1,860
1,598

1,842
1,578

1,823
1,554

1,793
1,522

1,819
1,539

1,917
1,621

59

58

54

48

52

55

60

65

429
370

421
363

406
352

392
344

392
340

383
328

384
324

406
341

0)
0)
0)
0)
0)
(0
0)
0)
0)

95

109

100

108

103

105

102

109

644
549

644
536

627
526

575
467

558
455

552
447

560
458

586
477

39, 622
30,327

43,911
25,338

40,708
18, 592

38, 663
15,623

14, 607
14,346

2,517
577

4,862
8,615

15,568
20,834

26,952
36, 486

180,850 108,778 88,634
158, 915 120, 417 185,774

128,923
207, 261

199,203
161,153

179,507
162, 496

141,904 140,114 151,753
136, 085 153, 096 158,467
16.00

16.00

34.00
34.00
110, 569 144,143
118, 627 149,067

34.00
145,038
141,009

16.00

16.00

16.00

16.00

16.00

16.00

34.00
34.00
158,467
69,385
170, 554 109,674

34.00
66,252
71,624

34.00
104,750
108, 778

34.00
179,059
196,070

0)
0)
0)

0)
0)
205, 470
212,185
9,800
16, 398
11, 283

5,532
6,912
4,510
5,818
13,355
10,260
5,530
10,898
1,529
2,004
5,511
8,738
10,169
22,178
22,774
667
5,303
6,355
5,638
12,103
7,174
13,489
11, 211
5,097
• Revised.
* Preliminary.
* Data temporarily discontinued.
* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. See special footnote below on lumber
production, shipments, and stocks.
t Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber.
• Data revised for 1933. See p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue.
• New series on lumber production, shipments, and stocks compiled by National Lumber Manufacturers' Association and represent an estimate of the total lumber
out based on monthly reports received from regional associations covering between 80 and 90 percent of the total cut in 1934 and 70 to 80 percent in 1935. The figures for
1935 are not final and are subject to revision. No comparable figures are available prior to January 1934.
! Data for November 1934 and January, May, August, and November 1935 are for 5 weeks; other months, 4 weeks.
U Series have been revised for period January 1934-October 1935. Revisions not shown above will appear in a future issue.




SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
;ogether with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber

45
1935

March

April

May

June

July

August

26,739
8,330

23,233
8,324

25,653
8,022

Septem- October
ber

LUMBER AND MANUFACTURES—Continued
LUMBER—Continued
Softwoods—C ontinued
Pine, southern:
Exports:
Lumber§
M
Timber§
M
Orders:
__-M
New
.
M
Unfilled, end of month..
Price,
flooring
dol. per M
_.._M
Production.-..
M
Shipments
Redwood, California:]:
Orders:
M
New
M
Unfilled
__—M
Production
M
Shipments

ft. b.
ft. b.
ft. b.
ft. b.
ft. b.
ft. b.
ft. b.

m.
m.
m.
m.
m_
m.
m.

ft. b.
ft. b.
ft. b.
ft. b.

m.
m.
m.
m_

FURNITURE
Household:
All districts:
Plant operations*
percent of normalGrand Rapids district:
Orders:
Canceled
.percent of new orders..
New
no. of days' production..
Unfilled, end of month
no. of days' productionOutstanding accounts, end of month
no. of days' sales..
Plant operations!
percent of normal..
Shipments
no. of days' production..
Southeastern district:
Orders, unfilled, end of month
dol., average per firm..
Shipments
dol., average per firm..
Prices, wholesaler
Beds
1926=100..
Dining-room chairs, set of 6 1926=100..
Kitchen cabinets.__
1926=100..
Living-room davenports
1926=100..
Steel furniture. (See Iron and Steel Section,)

24,999
5,713

23, 386
6,471

128,825 101,585
68,010 59, 678
36. 67
35.03
134,190 96,490
128, 570 108,715

24,851
7,450

23,576
9,234

21, 576
8,652

21,311
4,937

19, 715
8,243

21,169
6,367

72,842 106,173 102,395 110,449 117, 256 166, 280 116,592
49,164 48, 530 55,707 55,898
70, 774 53,683
35.00
35.38
37.43
34.51
34. 55
34.94
34.49
79, 258 99,548 101,578 103,471 106,911 106,838 109,805
74, 603 102, 401 100, 752 110,283 112,480 143, 349 129,264

28,913
6,302

24, 3.50
3, 516

127, 558 139,608 120, 979
62, 093 73, 227 61, 029
36.80
36. 74
37. 65
130,515 137,442 125,132
137,051 144, 476 120,818

143,695
69, 962
36. 61
148, 566
145, 970
29,593
26, 290
38,073
27,952

27,009
24,621
19,868
16, 549

24,380
29, 767
22,915
18,311

26,578
27,717
22, 697
28,328

35, 521
33,414
25, 342
29, 269

38,045
41,035
26,326
30, 353

23, 704
40,142
25,675
24,548

24, 623
33, 721
27,939
30,925

24,054
25, 622
34,262
31, 259

25,411
24,819
33, 754
25,628

39.0

:9.0

43.0

47.0

41.0

41.0

48.0

49.0

53.0

61.0

13.5
5

3.0
16

4.5
9

60
.

8.0
7

7.0
10

75
.

3.5
18

5.0
13

4.0
15

13

13

16
34.0

15
32.0
7

16
31.0
7

17
39.0

17
36.0

14
34.0
7

14
40.0
8

19,071
46,721

86.0
78.0

15,932
14, 604
21, 242
17,934

6.0
10

66.3

20,424
16,868
26,345
19, 755

42.0

27, 456
27, 446
33,187
25, 761

22,070
31,311

70.9
90.1
87.5

68.4
90.1
84.1
76.6

68.5
89.9
86.0
76.6

66.9
89.9
86.0
76.6

65.7

86.0
76.6

68.4
90.1
87.5
78.6

18

68.5

68.5

81.9
76.6

86.0
76.6

86.0
76.6

68.5

19

19
48.0
11

10

68.5

6.0
14

21
55.0
12

24
56.0
14

86.0
76.6

86.0
76.6

66.3
89.9
86.0
76.6

J
METALS AND MANUFACTURES

IRON AND STEEL
Foreign trade, iron and steel:
Exports§
long tons.. 205,242
Imports*#
long tons.. 56,637
Price, iron and steel, composite*
33.15
dol. per long ton..
Ore
Iron ore:
Consumption by furnaces
3,020
thous. of long tons..
Imports*
thous. of long tons..
158
Receipts:
Lake Erie ports and furnaces
1,472
thous. of long tons..
557
Other ports
thous. of long tons..
Shipments from upper Lake ports
1,557
thous. of long tons..
Stocks, total, end of month
thous. of long tons.. 34, 277
At furnaces
thous. of long tons.. 28,964
5,313
Lake Erie docks
thous. of long tons..
Manganese ore, imports (manganese content) •
thous. of long tons..

299, 262
35, 270

282,653
19,708

262, 740
22,784

228,537
28,905

323,035
21,409

205, 336
28,786

286, 599
47, 719

289,647
33,208

296,802
31,894

247,312
31,312

244, 419
53,158

238,358
59, 569

32.15

32.39

32.58

32.64

32.36

32.29

32.35

32.42

32.44

32.68

32.82

32.84

1,298
79

1,506
73

2,280

2,467
95

2,583
95

2,360
113

2,467
108

2,199
158

2,198
154

2,616
109

2, 654
165

^ 2,911
114

119
180

2,208
1,020

3,002
1,084

3,295
1,240

3,482
1,261

3,250
1,349

3,162
1,453

0
0

421
257
484
35,841
30,592
5,240
11

400

0
34, 373
29, 218
5,155

32,027
27,004
5,023
13

29,558
24, 690
4,868

26,932
22,362
4,569

3,504

4,242

4,461

4,781

4,818

4,601

24,817
20, 644
4,173

25,325
21, 203
4,122

27,002
22,841
4,161

29,509
25, 227
4,282

31,491
26,936
4,555

33,469
28, 512
4,957

35,115
29,756
5,359

11

16

14

16

19

10

Iron, Crude a n d S e m i m a n u f a c t u r e d
Castings, malleable:*
45, 246
35, 658
35, 602
31,136
25, 668
25, 526
37,394
Orders, new
short tons.. 47, 778
28, 530
44,568
36,505
41,225
40,237
43,467
36,996
28,915
35, 245
42,035
34,729
27, 548
Production
short tons.. 44,277
28, 515
32, 746
43,400
41,377
42,808
44.7
51.0
34.3
41.1
42.5
51.1
531
33.5
Percent of capacity
._
33.5
50.8
38.7
49.9
52.0
33, 442
40,132
31,111
37, 573
46,090
27, 772
Shipments
short tons__ 41,434
31,905
21, 615
41,182
29, 593
42,975
37,650
Pig iron:
Furnaces in blast, end of month:
67, 655
59, 250
54,465
53, 555
50, 635
49,180
56,815
Capacity
___long tons per d a y . . 70,095
29, 395
54,605
37,615
57, 295
116
104
122
95
97
99
Number
_
97
91
59
90
Prices, wholesale:
18.00
18.00
19.00
Basic (valley furnace)-dol. per long ton._
18.00
18.00
18.00
18.00 I 18.00
18.00
18.00
18.00
18. 00
18.00
18.96
18.99
18.94
Composite pig iron
dol. per long ton_.| 19.96
18.94
18.96
18.96
18.94
18.94
18.94
18.94
18.94
18.96 I
Foundry, no. 2, northern (Pitts.)
20. 3 9
21. 39
20.39
20.39
20.39
20.39
dol. per long ton..
20. 39
20.39
20.39
20.39
20.39
20.39
20.39
1,776
2,066
Production
thous. of long tons..
1,663
1,520
1,727
1,761
957
1,477
1,770
1,553
1,028
1,609
197
•Revised.
*New series. Data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for malleable castings, p. 20 of the April 1933 issue. New series on iron and steel composite price was shown on p. 19 of the January 1935 issue.
§Data revised for 1932. For revisions of exports of southern pine lumber and timber, and iron and steel, see p. 45 of the June 1933 issue. Data revised for 1933; see
p. 20 of the September 1934 issue. For 1934 revisions see p. 19 of the December 1935 issue.
tRevised. Data prior to April 1933 not published.
j Beginning with January 1934 the report includes all known operators; prior to this time approximately 89 percent of the listed capacity was included.
•Imports from Cuba not included
#See footnote on p. 33 of this issue. Data revised, for 1933; see p. 20 of the October 1934 issue. See also p. 20 of the December 1935 issue for 1934 revisions.




46

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

January 1936
1935

March

April

June

May

July

August Septem- October
ber

METALS AND MANUFACTURES—Continued
IEON AND STEEL-Continued
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range:t
Orders:
New..
number of boilers..
Unfillfid, end of month, total
number of boilers. _
Delivery, 30 days or less
number of boilers. _
Delivery, more than 30 days
number of boilers..
Production
number of boilers..
Shipments
number of boilers..
Stocks, end of month.number of boilers._
Boilers, round:
Production
thous. of lb__
Shipments
thous. of lb__
Stocks, end of month
thous. oflb..
Boilers, square:
Production
thous. of lb__
Shipments
-thous. of lb._
Stocks, end of month
thous. of lb_.
Boiler fittings, cast iron:
Production
short tons..
Shipments
short tons..
Boiler fittings, malleable:
Production
short tons..
Shipmentsshort tons..
Radiators:
Production
thous. of sq. ft. heating surface.Shipments
thous. of sq. ft. heating surface..
Stocks, end of month
thous. of sq. ft. heating surface..
Radiators, convection type:*
New orders:
Heating elements only, without cabinets or grilles
thou. of sq. ft. heating surfaeet--.
Heating elements, including cabinets
and grilles
thou. of sq. ft. heating surfaced ..

106, 605

69,459

12,052

32,319

55, 291

35,842

23, 512

22, 306

12,052

32,319

54, 691

35,142

22,868

21, 662

0
61,815
60,422
29,458

600
88, 486
85, 413
32, 201

700
92,883
36,176

644
69,922
63,878
42, 220

644
61,808
66, 051
37, 753

4,348
2,102
36,500

0
51,052
55,764
28,065
4,311
2,115
38,090

4,604
2,493
40,149

4,487
2,710
41,917

3,647
41,138

4,312
4,368
41,139

4,121
6, 879
38, 361

15,917
9,275
108,115

16,858
6,964
117,911

16,409
7,730
126,053

19,062
9,241
136,149

4,690
4,750

4,190
3,865

3,661
3,420

3,790
3,955

3,870
4,271

3,610
4,321

4,201
4,696

5,542
6,210

5,860
6,330

2,992
1,914

3,153
3,205

3,181
2,704

3,114
2,582

2,729
3,274

3,228
3,014

3,107
2,873

3,073
3,036

3,620
3,481

3,627
3,392

64, 341

57, 566

44,906

68,106

53,897

46,320

25,647

9,740

16,329

19,357

15, 892

12, 723

23, 952

9,355

16,329

19,357

15,892

12, 723

1,695
63, 500
64, 338
40, 652

385
59, 673
59,439
29,153

0
40,337
37,471
35,446

0
63,879
64,904
30,443

0
57, 294
57,362
30, 375

0
51,891
49,489
32,777

3,784
4,957
34, 377

4,391
5,330
36,218

2,946
3,626
32,366

3,233
2, 666
32,826

3,850
2,494
34, 221

17, 487
20, 325
112,592

19,783
19, 353
96, 933

13,099
13,436
96,554

16,457
10, 604
101,340

6,835
6,620

5,995
5,027

4,298
3,060

4,532
4,357

2,984
3,090

55,093

16, 436 12,711
10,700 16,332
141,520 137,923

51,548

21,462 20, 906
21, 689 31,761
137,815 126, 889

5,037

5,208

3,632

4,679

4,343

4,648

4,602

5,304

4,742

3,422

6,096

5,937

6,616

6,456

4,482

3,117

2,787

2,023

2,366

2,835

3,462

4,675

6,470

7,701

30,000

25, 473

24, 786

26,178

27,845

30, 568

32,891

36, 753

35,610

35,384

33, 853

113

124

115

8]

43

48

46

49

56

82

74

59

170

131

182

93

66

87

106

153

148

167

243

187

75,310
64, 305
363,755

121,190
111,005
369,605

Sanitary Ware
Bathroom accessories: f
Production
number of pieces..
Shipments
number of pieces.Stocks, end of month. ..number of pieces..
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars..
Porcelain enameled flatware:
Orders, new, total
dollars..
Signs
dollars, _
Table tops._
._
dollars..
Shipments, total
_
.dollars..
Signs
dollars..
Table tops
dollars..
Porcelain plumbing fixtures:
Orders:
New, net
number of pieces..
Unfilled, end of month
number of pieces..
Shipments
...number of pieces..
Stocks, end of month
number of pieces. .
Vitreous-china plumbing fixtures:!
Orders:
New, net
number of pieees..
Unfilled, end of month
number of pieces..
Shipments
number of pieces..
Stocks, end of month...number of pieces..

464,176
408, 445
387,190

202, 354
195, 289
370,036

267, 293
271,912
358, 472

78, 640 120,821
75,147 119,171
374. 749 367,593

208.13

206.89

206. 50

206.07

202.61

200.86

199.68

816,050
236, 380
195, 795
817, 866
249,153
195, 707

563,137
180,523
133,900
583, 567
199, 652
131,993

525,540
193, 535
111,188
530,050
204, 527
106,772

689,715
318,343
149, 384
594, 427
219,672
152,409

692, 358
235, 427
153, 431
637,165
190, 316
142, 380

829,084
223,860
181, 437
864,145
278,110
167,296

900,388
255,477
212,598
900,828
265,137
213,646

208, 732 245,519 383,449 269,863 341, 770
174,640 228, 210 321,312 243,262 312, 007
370,588 370,180 386, 716 402, 707 400, 018
198. 32

201.83

207. 62

207. 67

760, 743
279,016 274,078
208, 213 164,808
865,904 773, 531
283,524 264,896
189,044 174,671

753,635
300,160
146,128
770,024
307,018
153,937

890, 631
312,172
193,944
801, 207
292, 709
169, 204

822. 997
213,599
245,107
830, 241
243, 535
222, 447

199.50

2,158

2,582

1,269

1,620

1,013

2,641

2,904

2,322

2,101

2,391

3,193

2,864

2,763
2,746
6,874

3,667
2,110
7,610

3,020
1,300
9,703

2,978
1,509
9,660

2,720
1,236
9,960

3,535
1,790
9,917

4,553
1,722
10,710

4,506
2,309
10,688

4,122
2,417
10,600

3,702
2,771
9,405

3,645
2,915
8,579

3,339
3,026
6,635

132,867

183,982

234, 350

183,281

301,925

243, 296 164,042

127,764

161,199

319,589

250, 648 179, 928

112, 621
137, 535
516, 677

183,152
166, 517
482,685

283, 202
134,30G
489,729

262,363
204,120
426, 570

369,128
195,160
380,756

374,217 308,912
238,207 229,347
316, 705 297,971

217,842
218,834
333,240

191,060
187,981
381,675

293,904
216,745
403,381

236,890
295,880
363,914

175,140
241, 678
359, 308

Steel, Crude and Semimanufactured
Bars, steel, cold finished, shipments
short
Castings, steel:* A
Orders, new, total
short
Percent of capacity
Railway specialties
short
Production, total
short
Percent of capacity
Railway specialties
short
Ingots, steel :§
Production
.thous. of long
Percent of capacity
a

tons..

33, 670

17,923

24,049

31, 783

31,903

34,080

31,972

29,640

25, 600

25,295

29,863

34, 439

tons..

32, 714
27.4
7,071
36,165
30.3
10, 024

21, 552
13.8
4,283
25, 799
16.5
7,218

27, 312
17.4
8,128
23,916
15.3
5,142

32, 349
27.1
6,835
29,035
24.3
6,052

31, 725
26.6
5,490
29, 687
24.9
6,181

30, 723
25.8
7,959
31, 940
26.8
7, 585

28,233
23.7
4,322
31,952
26.8
6,731

29,083
24.4
4,779
30,646
25.7
4,867

30, 257
25.4
6,480
27, 665
23.2
5,443

34,570
29.0
9,574
31,125
26,1
5,857

45, 426
38.1
17,111
34,972
29.3
8,598

29,995
25. 2
5,616
35,411 I
29.7 i
10, 568

3, 153
55

1,611
28

1, 964
36

2, 872
48

2,778
52

2,868
50

2,641
46

2. 636
44

2, 231
40

2,270
39

2,919
49

2,830
51

tons..!
tons..
tons.. 1
tons..

Revised.
* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior
to January 1932 not published. Steel castings, see p. 20 of the October 1934 issue.
I In equivalent direct radiation.
f Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue. Data on vitreous
china plumbing fixtures revised starting January 1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue.
A Steel casting series revised January 1935 by the increase of the number of companies from 164 to 180; comparable data not completed for 1934 and earlier years.
Figures for 164 companies in January 1935 were new orders, total 31,816, percent of capacity 20.3; new orders, railway specialties, 6,835; production, total, 28,519; percent
of capacity 18.2; production, railway specialties 6,052.
§ For 1932 revisions see p. 46 of the July 1933 issue; for 1933, p. 47 of the August 1934 issue; for 1934, p. 50 of the August 1935 issue.




47

SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

1935
March

April

May

June

July

0.0244

August Septem- October
ber

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Crude and SemimanufacturedContinued
Prices, wholesale:
Composite, finished steel
dol. per lb_. 0.0243
Steel billets,Bessemer, Pittsburgh
dol. per long ton_. 28.00
Structural-steel beams, Pittsburgh
dol. per lb._ .0180
Steel scrap, Chicago-.-dol. per gross ton_. 13.00
U.S. Steel Corporation:
Earnings, net
thous. of dol._
Shipments,finishedproducts*.-long tons.. 681, 820
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month....number._
Production
number..
Percent of capacity
Shipments
number,.
Stocks, end of month
number..
Boilers, steel, new orders:
Area
thous. of sq. ft..
Quantity
number of boilers..
Furniture, steel:
Business group:
Orders:
New
thous. of dol_.
Unfilled, end of month.-thous. of dol._
Shipments
thous. of dol__
Shelving:
Orders:
New
thous. of dol_.
Unfilled, end of month..thous. of dol_.
Shipments
thous. of dol..
Safes:
Orders:
New
thous. of dol_.
Unfilled, end of month-.thous. of dol._
Shipments
thous. of dol__
Lock washers, shipments
thous. of doL.
Plate, fabricated steel, new orders, total
short tons..
Oil storage tanks
short tons..
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short tons. _
Unfilled, end of month
short tons. _
Production, total
short tons. _
Percent of capacity.
_
Shipments
short tons. _
Stocks, end of month, total
short tons..
Unsold stocks.. _
short tons. _
Tin and terneplate:*
Production
thous. of long tons_ _
Track work, production
___short tons..

620, 571
535, 514
40.2
537,947
34,156

0.0244

0.0244

0.0244

0.0244

27.00

27.00

27.00

.0180
9.25

.0180
10.31

.0180
11.80

.0180
11.25

366,119

3,762
418,630

534,055

583,137

27.00

0.0244

0.0244

0. 0244

0. 0244

27.00

27.00

27.00

27.00

.0180
10.50

.0180
9.85

.0180
10.06

.0180
9.97

12, 428
668,056 591, 728 598,915

14,118
578,108

330, 593 452,930 1,171,996 1,158,398 1,081,327 944,168
421,003 373,850 390,459 355, 220 462, 771 538,255
39.6
29.6
26.2
34.1
26.4
30.0
419,500 374,924 391, 232 353,418 464, 978 534,479
33,626
27,328 26,555 28,357 26,150 29,926

27.00
.0180
10.35

0.0243

0. 0243

0. 024S

27.00

27.00

27. 00

.0180
12.38

.0180
12.50

. 0180
12. 50

13, 470
547, 794 624,497 614,933

971,344 976,634 932,843
471, 592 460, 737 509,121
34.7
34.0
37.4
474,139 457,370 505,942
27.379 30,746 34,925

686, 741

930,831 853,986 » 725, 748
529,414 532, 433 »790, 057
< 58. 9
>
38.9
38.8
528, 338 530, 433 '791,469
36,001 38, 001 «36,589

464
587

287
447

260
331

392
329

282
296

656
418

313
443

641
961

391
523

519
536

544
735

575
829

784

1,507
945
1,591

1,026
651
1,039

1,063
619
1,090

1,184
663
1,139

1,108
707
1,064

1,222
709
1,221

1,114
701
1,123

1,237
746
1,214

1,236
845
1,137

1,331
943
1,225

1,333
948
1,327

1,393
980
1,361

1,618
1,036
1, 562

323
206
329

258
196
217

219
164
208

273
192
245

267
208
251

307
175
340

271
155
291

257
130
269

313
152
291

272
167
257

309
216
260

336
210
342

348
212
346

285
180
261

161
216
126
129

190
230
172
171

160
245
145
277

142
211
176
241

163
228
147
255

238
158
47

207
257
185
238

170
277
150
204

145
287
134
203

145
268
164
147

172
281
159
235

200
277
205
246

19,116
2,617

16, 629
3,252

26,025
5,185

18, 778
1,389

15,064
2,531

16,832
2,377

13,244
2,152

17, 630
3,690

17,914
1,872

18,890
4,193

23, 628
3,505

31,105
3, 531

30, 530
5, 8501

289,101
286, 799
224, 541
74.1
213, 453
149,122
81,597

133,344
100,745
143,057
44.0
108,880
107, 550
65,400

193,130
158,456
159, 740
49.2
141, 566
104, 720
64,393

321,831
279,012
235, 714
74.0
205,915
105,182
60,177

183,322
248, 931
219,062
71.5
201,054
108, 788
62,024

193,057
214, 685
227, 082
74.1
233,446
108, 260
59, 757

168,093
177,950
209,219
68.2
202,365
116,316
68,153

149, 725
144,392
191,507
63.8
186,971
124,442
71, 345

128,957
112,944
143,309
47.7
160,812
126, 531
74,099

206, 313
170,299
145, 505
48.1
152,146
125,378
72,632

207,140
204,108
206, 613
68.3
180,893
138,432
75,391

196, 423
198, 424
190,701
63.0
176,897
142, 922
75, 581

226, 209
211,452"
222,963>
73.5
220, 536
146, 306'
83, 200

3,090

2,065

90
2,272

130
2,333

150
2,892

190
3,440

200
4,472

190
4,228

140
4,210

4, 054

4,028

2,962

3, 495"

1,592
152
575
865

1,328
127
459
742

1,106
93
485
527

433
347

1,111
164
577

1,361
229
674
457

1,405
252
704
449

1,520
215
810
495

1,493
173
886
435

1,416
154
690
571

1,358
60
548
713

1,713
96:
596
1, 021

139
670
158

129
592
207

905
80

200
808
297

79
684
198

264
813
140

1,318
221

682
1,782
217

154
1,604
332

440
1,801
233

245
1,475
471

1941
1,475
503"

80.4
69.7
69.6

66.9
54.4
81.1

69.2
76.2

75.7
57.7
85.1

43.2
82.6

113.2
86.1
69.7

100.7
117.7
67.0

100.2
135.6
82.2

94.0
126.5
102.3

113.0
142.3
97.2

128.5
144.5
124.7

140. 0;
164. T
119. 7

9,355
1,386
9,745
11, 348

5,338
735
5,952
12, 469

4,667
871
4,531
12, 986

4,680
857
4,694
13, 490

5,761
801
5,817
14,170

8,781
702

10, 662
1,380
9,984
14,025

10,125
1,535
10, 554
14,186

12, 713
2,906
11,342
17, 259

16,955
2,273
17,588
18, 677

33, 385
4,347
31,311
11,631

MACHINERY A N D APPARATUS
Air-conditioning equipment:!
1,833
Orders, new, total
thous. of doL.
170
Air-washer group
thous. of doL _
854
Fan group
thous. of doL _
809
Unit-heater group
thous. of dol_.
Electric overhead cranes:
Orders:
392
New
thous. of dol. _
1,082
Unfilled, end of month
thous. of doL.
Shipments
thous. of dol. _
476
Electrical equipment. (See Nonferrous
metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
New
1922-24=100..
100.4
Unfilled, end of month
1922-24=100. _ 119.2
Shipments
1922-24 = 100. _
145.2
Fuel equipment:
Oil burners:*!
Orders:
New
no. of burners. _ 14, 821
1,840
Unfilled, end of month.no. of burners. _
Shipments
no. of burners. _ 15, 912
Stocks, end of month
no. of burners.. 14,101
Pulverized fuel equipment:
Orders, new, storage system:
Furnaces and kilns.no. of pulverizers. .
Water-tube boilers.no. of pulverizers. .
Orders, new, unit system:
Fire-tube boilers
no. of pulverizers..
Furnaces and kilns.no. of pulverizers. _
Water-tube boilers.no. of pulverizers. .

14, 622

31,966
« 2,931
33,352
12, 047
0
0

10

1
9
24

« Revised.
* New series. For earlier data see p. 18 of the January 1934 issue, United States Steel Corporation shipments, and p. 20 of the December 1932 issue for tin and terneplate.
Current oil-burner series available only back to January 1933 are based on reports from 160 concerns.
t Revised series. Data on air-conditioning machinery, oil burners revised starting January 1933; see footnote on [p. 48, April 1935. The revisions for 1933 will bei
shown in a subsequent issue.
\Revised data on steel furniture shelving for years 1932,1933, and 1934 will be shown in a subsequent issue.



48

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1982 Annual Supplement to the Survey

1935

November

1934

January 1936

1935

Novem- DecemJanuary
ber
ber

February

I
March

April

May

June

July

August

SeptemOctober
ber

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Fuel equipment—Continued.
Stokers, mechanical, new orders: \
Class 1, residential
number. _
Class 2, apartment and small commercial
number..
Class 3, general commercial and small
commercial heaters
. . . number. _
Class 4, large commercial:
Number
-Horsepower.
_
Machine tools: A
Orders:
New*
avg. mo. shipments 1928=100-.
Pumps:
Domestic, water, shipments: ^
Pitcher, hand, and windmill
units.Power, horizontal type
units..
Measuring and dispensing, shipments:
Gasoline:
Hand operated—
_
units..
Power,
units..
Oil, grease, and other:
Hand operated..
units..
Power
units..
Steam, power, and centrifugal:
Orders:
New
_
thous. of d o l . .
Water-softening apparatus, shipmentsi
._.
units..
Water systems, shipments 1 1
.units. _
Woodworking machinery:
Orders:
Canceled
.thous. of dol._
New
thous. of dol._
Unfilled, end of month
thous. of dol.Shipments:
Quantity
.machines..
Value
thous. of d o l . .

4,287

2,761

2,125

1,241

1,113

956

1,046

1,706

2,432

2,872

4,931

8, 687

359

265

210

147

107

84

83

107

158

190

348

615

145

142

90

61

48

37

33

41

55

96

164

272

213
34,849

205
39, 767

167
28,199

139
24, 339

105
21,164

105
23,848

120
32,241

131
32, 548

181
34,821

199
43,594

269
47, 355

345
55, 260

93.8

52.4

66.1

65.5

53.0

62.3

65.6

73.3

91.1

119.8

125.8

22,358
681

21, 702
545

31,151
541

36,482
615

36,433
690

30,601
788

35,432
726

36,964
879

29, 859
908

33, 734
1,004

33, 863
939

30, 014
782

583
4,785

563
2,306

419
1,794

366
2,501

445
3,002

671
3,651

644
4,874

728
5,120

672
4,451

639
5,757

776
7,551

662
5,121

8,166
699

5,591
422

4,490
339

6,069
485

5,133
442

4,503
607

6,753
901

8,257
719

7,433
651

7,048
668

8,005
1,030

7,631
956

719

615

630

698

777

897

798

678

538

747

741

615

715
8,125

321
5,570

350
4,632

420
6,363

395
6,679

509
7,531

552
10,799

592
11,685

635
10,989

493
10,827

577
11,060

583
8,560

9
311
404

4
243
249

4
244
247

1
312
313

10
302
340

4
434
441

13
311
426

12
286
451

5
284
463

5
400
515

1
304
456

11
281
422

241
383

114
214

114
236

131
241

167
267

151
304

168
318

157
249

185
268

177
322

240
384

170
302

14,130
.1049

12, 587
.1097

19, 211
.1251

7,191
.1251

10, 716
.1213

18,010
.1227

17,663
.1238

16,670
.1146

18,272
.1138

19,047
.1164

17, 960
.1219

1,726
398
1,327

2,164
541
1,622

2,401
408
1,993

2,139
461
1,678

2,281
535
1,746

2,296
520
1,776

2,245
439
1,806

2,167
601
1,565

2,199
549
1,650

2,108
422
1,686

2, 298
384
1,913

28,675
18,485
17,286
.0878

23,648
15,152
13,922
.0878

22,739
15,110
13,834
.0878

24,869
22,913
22,129
.0878

26,393
20,884
19, 546
.0878

27,446
16,734
15,626
.0878

16,805
16,837
16, 070
.0878

27,252
16,492
15,754
.0863

27,079
26,197
24, 967
.0778

30,900
10, 568
9,562
.0798

20, 050
22, 239
21, 087
.0850

23,211
1,792

25, 563
4,767

27,644
4,536

25,510
1,981

25, 892
4,229

27,283
3,452

24,302
1,157

22,952
889

25, 863
3,437

29,890
6,292

28, 599
2,628

80.0 i

NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite#
long t o n s . . 14, 534
.1263
Price, scrap, cast (N. Y 0
dol. per lb._
Babbitt metal:
2,068
Production.
thous. of lb_.
613
For own use
. . t h o u s . of l b . .
1,456
Sales
thous. of l b Gopper:
Exports, refined •
-short t o n s . . 25, 592
Imports, total § #
.short t o n s . . 20, 772
Ore and blister
..short t o n s . . 20.118
.0903
Price, electrolytic ( N . Y.)
dol. per lb._
Lead:
Ore:
Receipts in U. S. o r e . . .
short t o n s . . 31, 412
Shipments, Joplin district...short t o n s . .
7,977
Refined:
521
Imports #
short t o n s . .
Price, pig, desilverized ( N . Y.)
.0450
dol. per lb._
Production
short t o n s . . 36, 229
Shipments, reported
short t o n s . . 43,023
Stocks, end of month
short tons.. 222,236
Tin:
Consumption in manufacture of tin and
2,120
terneplate*
long tons.4,035
Deliveries
long tons__
4,700
Imports, bars, blocks, etc.#
long t o n s . .
Price, straits (N. Y.)
dol. p e r l b . .5188
Stocks, end of month:
15, 049
World, visible supply
long tons-_
1,472
United States
long t o n s . .
Zinc:
Ore, Joplin district:
Shipments
short tocs._ 48, 579
Stocks, end of month
short tons.._
25,344
Price, slab, prime, western (St. Louis)
dol. per
. 0485
Production, total (primary)§..short t o n s . . 37, 694
Retorts in operation, end of mo-_number__ 36, 650
Shipments, total§
short tons__ 47, 871
Domestic§
short t o n s . . 47,871
Stocks, refinery, end of month §.short tons _ 85, 777

797

851

3,002

1,464

443

477

1,430

771

2,181

1,143

1,440

.0357
29, 755
31,762
232,934

.0360
32,500
34, 680
235,457

.0369
26,350
33,695
229,675

.0353
25,103
32, 523
224,638

.0358
30,118
28,973
228,580

.0369
29,857
40,922
220,043

.0396
33,202
32,341
225,057

.0402
29,332
26,978
231,077

.0412
30, 488
34, 575
230,915

.0425
30, 807
38,195
227, 583

.0441
29, 358
37,615
224,992

1,290
4,845
3,859
.5122

1,400
4,530
1,478
.5087

2,100
4,600
4,023
.5087

2,450
3,905
5,196
.4996

3,100
5,495
8,612
.4691

3,260
5,825
5,234
.5010

3,100
3,950
5,224
.5110

2,280
4,615
5,320
.5107

2,610
5,290
4,179
.5229

2,850
5,320
4.615
.5044

1,790
5,360
6,773
.4907

15, 094
4,048

13, 698
2,638

14, 694
2, 581.

19, 652
3,571

19, 416
4,531

16,614
4,295

16, 718
4,930

14, 275
5,467

13,162
3,227

13, 246
2,681

11, 939
2,849

23, 063
20, 574

36, 827
17, 600

26, 257
15, 263

32, 264
17, 649

36, 026
21,983

28,751
26,552

15, 204
25,938

23,013
23,725

28, 296
23,529

38, 584
25,865

36, 436
25,409

.0373
34,977
32, 793
29,928
29, 875
115,852

. 0371
35.981
32, 944
32, 003
32, 003
119,830

.0373
35,218
32, 658
35, 538
35, 538
117, 685

.0371
33,494
33,210
34,903
34,870
116, 276

.0389
36, 667
35,196
41,137
41.137
111,806

.0403
35,334
33,719
38,460
38,457
108,680

. 0422
34, 597
32,389
35,652
35, 629
107, 625

.0430
34, 677
33,836
29,393
29, 393
112,909

.0433
35,055
33,884
32, 241
32, 241
115,723

.0454
35,922
32,942
39,200
39, 200
112,445

.0467
36, 088
34,870
42, 217
42, 217
106, 316

A Series covering shipments and unfilled orders temporarily discontinued.
• New series; for earlier data, see p. 20 of the December 1932 issue, tin and terneplate; p. 20 of the July 1934 issue for machine tools (incl. forging equipment).
X Present series on water systems cover 52 companies.
• For revisions for 1932, see p. 48 of the June 1933 issue; for 1933, p. 20 of the Sept. 1934 issue; for 1934, p. 19 of the December 1935 issue.
§Data for 1932 revised; for 1932 revisions, see p. 48 of the June 1933 issue, total imports of copper. For 1933 revisions on zinc, see p. 49 of the January 1934 issue; for 1934
revisions see p. 49 of the February 1935 issue.
• See footnote on p. 33 of this issue. C3Data for 1933 revised; see p. 20 of the October 1934 issue. DFor 1934 revisions, see p. 20 of the December 1935 issue.
< Revised series on domestic pumps and water systems starting January 1934; see p. 49 of the April 1935 issue; mechanical stokers, see p. 48 of the April 1935 issue*
f
New series on water-softening apparatus revised starting January 1933; revisions for 1933 will be shown in a subsequent issue.




January 1936

49

SURVEY OF CUREENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

1935

™?'

March

April

May

June

July

August Septem- October
ber

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Electrical Equipment
Conduit, nonmetallic, shipments.-thous.ft-.
Furnaces, electric, new orders
kilowatts.
2,055
Electrical goods, new ordersf (quarterly)
thous. of dol_.
Laminated phenolic products, shipments
dollars... 878,041
Mica, manufactured:
Orders, unfilled, end of month
thous. of doL.
109
Shipments
thous. of doL.
187
Motors (direct current):
Billings (shipments).
-dollars..
Orders, new
dollars..
Panel boards and cabinets, shipments
thous. of doL.
293
Porcelain, electrical, shipments:
Special
dollars..
Standard
dollars..
Power cables, shipments
thous. of ft..
293
Power switching equipment, new orders:
Indoor
_
_
dollars..
Outdoor
dollars..
Reflectors, industrial, sales.
.units.. 87,811
Refrigerators, household, sales*
number..
Vacuum cleaners, shipments:
Floor cleaners
number.. 85,816
Hand-type cleaners*
.number.. 29,261
Vulcanized fiber:
2,112
Consumption
thous. of lb_.
Shipments
thous. of dol_.
440
Welding sets, new orders: *
0
Multiple operator
units..
Single operator
units..
467

1,810
3,284

1,142
984

1,895
2,844

1,583
2,212

118,397

2,139
2,096

2,605
2,218

2,252
1,686

121,814

1,841
783

6,704

1,583

134,925

1,609

1,903

141,692

528, 025

604,610

698,402

750,943

845, 020

888,705

816,314

643,770

740,922

801, 292

64
116

103
114

108
163

105
154

99
164

100
160

150
166

106
158

77
117

124
161

119
172

179
201

271,768

276,173

286,191
396,301

335,876
604,332

360, 513
428, 379

464,835
476,841

401,708
433,141

358,543
348,349

432,406
403,480

366,222
357,945

374,026
454,450

348,942
445,613

322,851 468,192

832, 902 1, 061, 285

233

227

218

192

239

262

259

258

279

374

285

338

49,073
27, 585
223

45,189
20,723
380

47,771
34,649
320

48,031
34,590
303

58,093
24,353
302

68,575
24,561
448

68,473
27,898
374

62,882
33, 566
542

64,793
30,284
355

62,711
28,902
325

79,377
34, 737
332

101,108
41, 249
455

37,442
91,908
53,255
28,718

27,855
72,974
48,678
71,477

30, 214
78,993
61,344
97,421

29,080
72,425
51,956
121,636

46,220
81,570
54,746
213,464

54,441
88,521
56,038
266,931

35,308
161,634
66,466
244,602

30,180
62,608
161,525

50,452
139,512
65,068
154,121

45,823
130, 628
68, 635
110,161

46, 781
102, 719
71, 093
53, 622

43,435
127,347
83, 002
43, 706

21, 838

71,307
23,920

60,180
18,744

75,582
22,872

90, 693
29,231

79,330
31,219

73,086
27,321

58,701
22,521

56,906
13,950

65,128
16, 227

78, 343
27,478

93,627
29,047

1,053
267

990
270

1,381
434

1,431
400

1,835
430

1,819
425

1,871
434

1,716
363

1,579
344

1,524
420

1,423
420

1,782
509

1
347

1
277

3
487

1
497

0
413

7
324

2
479

0
480

7
430

5,297

5,195

6,294

5
273

Miscellaneous Products
Brass and bronze (ingots) : •
Shipments and deliveries
net tons..
Brass, p l u m b i n g :
Shipments* J
n u m b e r of pieces..
Brass sheets, wholesale price, mill.dol. per l b . .
Copper, wire cloth:
Orders:
New
thous. of sq. ft..
Unfilled, end of month—thous. of sq. ft..
Production
thous. of sq. ft..
Shipments
__thous. of sq. ft..
Stocks, end of m o n t h
thous. of sq. ft..

5,944

3,919

.146

849,415
.144

758,548
.143

997,797
.143

424
527
384
396
725

337
428
333
326
742

329
479
317
281
743

404
411
393
435
694

5,338

5,014

4,620

933,266 1,045,820 1,061,366 1,000,624
.143
.143
.143
.143

462
374
357
706

404
448
417
377
714

351
467
367
742

443
424
373
797

4,111

4,507

1,388,845
993,654 1,253,113 1,453,048 J 1,199,338 1
.138
.136
.142
.143
.145
411
472
376
375
801

441
509
358
375
787

417
486
416
419
781

439
560
375
359

386
483
442
440
741

PAPER AND PRINTING
WOOD PULP
Consumption and shipments*., .short tons.
347,711 329,961 376,632 352,068 382,391 378,708 385,205 364,846 356,130 379,217 '362,559
93,086 88,016 90,925 86,102
97,743
Groundwood*
short tons.
99,711 102,730
91,694
94,499
96,815 103,616
Sulphate*
short tons.
129,206
102,503
91,762 111,376 105,279 114,308 111,592 113,261 115,381 115,875 127,001 120, 234
Sulphite total*
short tons.
119,475 112,674 128,091 120,524 134,329 132,772 133,814 122,298 116,810 125,226 121, 767
136,623
76,558 73,843 76,036 72,675 [ 78,624
82,552
80.239 81,515
Bleached*..
short tons..
75,980
73,137
70,398
62,476
52,299
45,740 42,967 49,190 49,092 | 57,999^
51,777
52,533
Unbleached*
.
short tons..
62, 111
47,387
49,077
50,198
26,909 27,688 29,563 « 27,126
29,476
28,919 29,317
Soda*
_
short tons..
30,483
26, 730
28,130
24,966
22,552
Damaged, off-quality & misc'l*
6,502
7,172
7,841
6,268
6,441
6,158
6,714
6,093
7,330
short tons..
6,819
0,535
Production, all grades*
short tons..
354,234 333,594 379,466 352,931 384,944 387,719 387,651 357,647 353,939 371, 259 355, 536
94,603 82,046 79,730 75,477
89,291
Qroundwood*
short tons..
94,345 106,126 109,019 110,000
101,646
99,902 106,321
127,940102,168
92,108 110, 520 104, 581 114,154 111,981 113,421 114,527 116,216 128,039 119,590
Sulphate*
short tons..
134, 523
Sulphite, total*
...short tons..
119,808 113,739 128, 782 119, 815 128,330 131,794 129,934 114, 223 120,099 127,707 125, 671
76,922
80,965 77,656
76,019
73,021
78,227
69,631
66,056
69,942 77,875 78,109 76,486
Bleached*
short tons..
52, 763
50,829
52,278 44,281 42,224 49,598 49,185
50,177
46,794
51,408
56, 296
47,683
Unbleached*
short tons..
27, 541
29,038 28,276
29,972
27,002
27,850
29,734
24,556
21,866
27,000 27,787 29,399
Soda*.
short tons..
Damaged, off-quality & misc'l*
6,384
7,194
7,791
6,056
7,257
6,841
6,340
6,020
5,979
6,600
5,887
short tons..
111, 759 115,675 119,398 120, 261 122,914 131,826 134,273 126,974 124, 743 116, 784 109, 761
Stocks*.—
short tons—
72,012
73,529 67,559 56,364 45, 739
55,534
64,742
36, 642
47,051
38,623
41, 710
44,400
Groundwood*
short tons—
5,342
6,380
5,685
5,296
5,001
5,736
5,855
5,450
6,828
7,174
6,148
4,470
Sulphate*
short tons..
54,984
55,962
51,104
43,029 46,278 48, 759 52, 663
50, 563
61,961
59,484
60, 648
62, 670
Sulphite, total*
_
short tons..
36,909
36,183
33,050
26,434 30,466 32,539 36, 350
41,813
36,963
40, 543
41,929
35,953
Bleached*
short tons..
18,075
19,779
18,054
20,148
16, 595 15,812 16, 220 16, 313
22,521
20,105
20, 741
14, 610
Unbleached*
short tons..
4,632
4,507
4,797
5,047
5,547
5,427
4,598
5,169
5,740
6,238
5,449
4, 536
Soda*
short tons..
Damaged, off-quality & misc'l*
649
767
817
576
1,084
630
795
905
731
short tons..
Imports:
Chemical, totalf#.short tons.. 199, 812 146,049 139, 263 179,303 108, 563 119, 690 86,361 165,397 155,406 147,952 151, 705 165, 848 228, 504
10,097 18,368
14, 300 14,818
13,020
13,973
16, 744 11,715
18,707
16,977
17,950
Groundwood#
short tons.. 23, 621
31, 097
Price, wholesale, sulphite, unbleached
1.90
1.90
2.10
1.90
1.90
1.90
2.10
2.10
2.10
2.00
1.90
1.90
dol. per 1001b..
1.90
• Revised.
t Revised series; for earlier data on new orders for electrical goods see p. 19 of the August 1933 issue; and p. 49 of the June 1933 issue for 1932 chemical wood pulp
imports.
• New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. For electric refrigerators, see p. 20 of the July 1935 issue. Data prior to
October 1931 not published on plumbing brass. Wood pulp figures based on reports to the Pulp Executive Authority by 172 mills, representing 91 percent of the total U. S.
pulp industry. Figures available beginning with January 1934. Data not exactly comparable with figures previously shown. See footnote on p. 56 of the April 1935 issue
for the complete 1934 wood-pulp figures.
• See footnote on p. 33, of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue.
• Since January 1934 the figures are more complete than those on deliveries previously shown. Shipments of the concerns formerly reporting contribute about 80-85
percent of the total for the present series.
A These series have covered a varying number of companies for period covered in survey; percentage of industry coverage not known. Reports have been from 12
companies since January 1934.
t In September 1935 three firms discontinued reporting; data of 3 firms of equal size were added, thereby maintaining the comparability of the series.




50

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and refer- Novem- Novem- DecemFebruences to the sources of the data, may be found
ber
ber
ber January
ary
in the 1932 Annual Supplement to the Survey

January 1936
1935

March

April

May

June

July

August Septem- October
ber

PAPER AND PRINTING—Continued
PAPER*

Total paper:*f
Paper, including newsprint and paper
board:
Production
short tons.
658,166 618, 522 762,993 706,851 754,934 732,493 778,059 713, 999 694, 705 806, 564 *752, 268
Paper, excluding newsprint and paper
board:
Orders, new
short tons.
335, 974 333,152 435,892 374,295 392,978 378,215 426, 046 340,925 349,842 430, 907 '411,755
355,682 338,805 420, 669 384,402 405,861 396,991 431,455 380,324 361, 701 440, 277 '391, 410
Productiont
short tons.
l
341,866 325,579 425, 781 384,870 400,326 385,934 417,334 368, 583 361,474 435,108 390,179
Shipmentst
short tonsBook paper:*
Coated paper:
Orders, new
._
short tons. 19, 264 16, 574 15, 031 19, 768 19, 204 20,944 20, 733 20,311 15,835 18, 464 18, 390 18,903
8,153
8,808
8,056
9,118
8,798
3,912
4,113
4,815
9,117
9,106
9,794
Orders, unfilled
..short tons.. 7,225
Production
short tons.. 20, 066 17,438 15, 530 19, 616 19,162 21, 482 21, 758 20,756 18, 264 19, 335 19, 363 18, 640
64.3
59.4
58.2
49.8
46.1
53.1
61.4
58.8
56.9
Percent of potential capacity. _.
58.1
55.8
62.0
Shipments
short tons.. 20, 746 17,817 15,417 20,151 19, 351 21,614 21, 215 19,513 17,215 19,441 19, 267 17,654
Stocks, end of month
short tons.. 16, 580 14,812 13,396 14, 721 14, 406 13,582 14, 870 15,810 16,861 17,194 15, 605 16, 595
Uncoated paper:
80,143
83, 400
72, 222 78,190
Orders, new
short tons.. 87, 252 72, 711 70, 095
77, 571 87,821
87,282
81,320
Orders, unfilled
short tons.. 35, 065 23, 226 26,646 31, 564 28,006 30, 426 30,975 27,806 26, 754 29,864 30, 480 35, 464
88, 201 87,911
Production
short tons.. 89, 262 79,936 74, 427 88,878
96, 411 96,852 93,358
82,098 86,121
68.2
70.1
66.4
59.0
56.7
63.2
61.5
S.7
69.3
Percent of potential capacity
69.9
66.7
69.9
Shipments
_
short tons.. 91,197 75,627 74, 725 88,400 87,032 94,947 95,237 87,815 78, 740 84,996 85,880 88,127
Stocks, end of month.
short tons._ 74, 399 58, 268 57, 715 59,061 57,874 58, 583 60,919 63,320 66, 352 70,154 71, 860 73, 098
.Newsprint:
Canada:
Exports
..short tons.. 244, 037 221, 553 245,136 184, 243 146, 697 206, 492 158, 924 239, 881 227,215 219,461 220,866 208, 912
Production
short tons.. 262,854 240,869 239,544 201,959 180,305 205,682 222,235 242, 693 232,020 234, 753 235, 573 223,968
Shipments from mills
short tons.. 285,179 262, 206 254, 657 180,026 160,859 198,574 236, 905 251,979 228,196 226,884 225,736 225, 403
Stocks, at mills, end of month
a
United States:
short tons.. 50, 993 46,451 30, 366 51,932 71,364 78, 396 63, 553 55,211 57, 771 65, 705 75, 305 73, 818
Consumption by publishers
short tons. _ 187, 448 172, 287 165, 496 157,870 169, 816 171,139 156,122 201,970 161,884 153,811 148,142 160, 558
Imports#
short tons.. 234, 305 194,392 222,897 160,973 138,647 181, 597 188,700 227,330 202,878 190,872 195,057 190, 272
Price, rolls, contract, destination, N.
40.00
40.00
40.00
40.00
40.00
42.00
40.00
40.00
40.00
40.00
40.00
Y. base
dol. per short ton_. 40.00
Production, total...
short tons.. 78, 929 74,851 79, 777 80,298 70,579 73,303 74, 651 84,141 77, 010 72, 797 75,160 71, 262
Shipments from mills
short tons.- 80, 875 79,129 86,495 75, 491 69,338 74,491 76,872 83,825 76, 994 71, 213 74,676 73, 067
Stocks, end of month:
At mills..
.short tons.. 12, 394 18,043 12,312 17,113 18,135 17, 414 15, 440 15,873 16, 294 17,887 18, 235 16, 490
At publishers
short tons.. 223, 377 244,388 277,125 261, 282 240,101 210,072 203,672 203,353 211,071 223, 364 232, 200 221,114
In transit to publishers..short tons.. 41, 727 35,391 46, 237 38, 622 34, 214 32, 725 33,268 37,342 29,914 29, 220 26,100 38, 703
JPaperboard: §
Consumption, waste paperf._short tons_. 246, 318 196, 461 168,375 210,812 211, 560 231, 584 217, 300 219,767 213, 523 217,934 246, 537. 244, 963
Orders:
New
short tons.. 272, 477 218,980 201,121 273,151 252, 578 268,360 255,730 259,995 248, 656 259, 486 297, 349 307,103
Unfilled, end of month
short tons.. 88, 971 62, 352 65,723 80,987 84,341 79,049 79,296 80,367 78,020 78, 241 86, 767 105, 088
Production
short tons.. 294, 290 227, 733 199,940 262,026 251,870 275, 770 260,851 262,463 256, 665 260, 207 291,127 289,596
74.1
68.7
Percent of capacity
54.2
68.7
57.8
62.9
64.8
66.5
69.1
61.4
62.7
73.6
Stocks of waste paper, end of month:
214,069 207,987 214, 680 222,519 230, 365 233,784 228,137 220, 998
226,941 223,692 210, 520
At millsf
short tons..
213, 297
In transit and unshipped purchases
34,170
32, 864 47, 039 32, 432 38, 420
30, 233 33,481
Fine paper:*
short tons.. 35, 044 27,764 20,000 35,073
24, 366 23,799
38,880 31, 230 31, 620 27,175
37, 596 25,966
24, 606 33, 646 28, 497
Orders, new..
_
short tons..
8,067
9,129
11,008
10,281
6,886
7,460
10, 578 10, 649 10, 676
8,276
9,421
Orders, unfilled
..short tons..
36, 514 31,310
31,196
24, 737 25,263
33, 257 30, 751 39,114
26, 650 36. 553 28, 494
Production
short tons..
35, 501 28, 599
38,359
30,175
37,428
29,182
24, 522 22,190
32, 660 28,936
25,910
Shipments
short tons..
57,183
51, 726 52,862
54, 610 56, 550 55, 716 56,931
51,804
48,800
52, 702 52,880
Stocks, end of month
.short tons..
Wrapping paper: *
162,916 4 4 1 , 5 4 1
116,423 119,125 163,198 128,971 134,954 118,858 147,153 118,943 122,953
Orders, new...
short tons..
51,005
70,219
67,271
62,098
60,937
65,517
60,867
57, 596 60,807 °70, 686
55,634
Orders, unfilled
short tons..
126,441 120,246 147,698 135,078 139,857 132,986 148,984 132,181 121, 304 160, 510 >135, 278
Production
short tons..
124,175 111,816 150,147 134, 484 137,969 127, 543 148, 493 129,561 121,871 159, 808 132,926
Shipments
short tons..
99,616 104,971 103,089 100,203 101,503 106,385 105,337 107, 000 104, 715 105,116 '107, 856
Stocks, end of month
short tons.
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams. _ 66, 453 46,635 41, 536 58, 287 59,071 69. 477 69,173 50,774 61, 294 61,116 62, 201 66, 455
6,719
8,743
8,121
6,804
5,934
Foreign
..reams.. 9,428
6,851
5,442
7,364
5,220
8,538
7,465
Paperboard shipping boxes:
2,123
2,153
1,841
1,634
1,492
1,641
1,823
1,950
Shipments, total
mills, of sq. ft..
1,809
2,025
1,889
1,877
1,908
1,442
1,620
1,743
1,635
1,780
Corrugated*.
.mills, of sq. ft_.
1,323
1,616
1,466
1,671
247
245
204
244
Solid
fiber*
mills, of sq. ft_.
193
193
175
207
206
218
PRINTING
Blank forms, new orders
.thous. of sets.. 94, 574 83,118 76,239 83,930 70,401 78,972 83,393 89,491 73, 780 82, 686 93,807 88, 721
897
Book publication, totaLnumber of editions.
674
727
628
1,004
718
624
500
1,080
518
714
787
700
New books
.number of editions.
563
495
612
784
568
447
403
847
456
519
611
197
New editions
number of editions65
179
115
220
150
233
62
177
97
195
176
Operations (productive capacity). 1923=100.
80
80
77
77
80
80
78
75
81
83
Sales books:
Orders, new...
...thous. of books.. 13,309 11, 564 11,233 11,130 11,689 12,456 11,337 11,732 12,221 12, 728 12, 300 12, 393
Shipments,
thous. of books.. 13,117 11,399 11,590 11,818 10, 737 11.361 12,097 11.906 11.672 12, 677 12,931 12, 906
a
Revised.
t Revised series. Data for period January 1933-January 1934 inclusive on consumption and stocks of waste paper at mills will be shown in a subsequent issue. Data
on total paper for 1934 revised. Revisions for months not shown in the August 1935 issue will appear in a subsequent issue.
§ The Bureau of the Census has changed the title of the " Boxboard " report to " Paperboard " since data actually cover all board of .0012 of an inch or more in thickness
reported by the cooperating manufacturers. Figures given on production and new and unfilled orders are for 94 identical manufacturers; and consumption and stocks of
waste paper for 82 manufacturers. Estimated coverage is given in general footnote below
* New series. _ New series on paperboard shipping boxes compiled by the National Container Association, Chicago, 111., from reports from all members of the industry of
record beginning in January 1934. The volume of companies not reporting each month is estimated by the association, so as to keep the series comparable. The solid
fiberfiguresare complete as reported. Prior to January 1934 data covering this industry were compiled by the Paper Board Industries Association. See note below for total,
book,fine,and wrapping paper.
JThe figures on paper (including total,fine,and wrapping) are as reported by the American Paper and Pulp Association, except book paper, the data on which are reported
by the Book Paper Division of the Paper and Pulp Industry; they are not comparable with the data carried in the SURVEY from the American Paper and Pulp Associati
through December 1933. The present classification of the association differs from that previously used by them, as well as from the Bureau of the Census classification.
In addition to the classes shown, the association also reports on printing paper (including uncoated book), boards, paperboard, and newsprint. The first two of these
classifications are not used in the SURVEY, while the Bureau of the Census report is used for paperboard and the Newsprint Service Bureau's report for newsprint (the latter
series is identical with that reported by the association). The ratio of the production reported by the association, the Newsprint Service Bureau, and the Bureau of the
Census (monthly report on paperboard) to the annualfiguresreported by the Bureau of the Census for 1934 follow: Total paper, 87.4 percent; fine paper, 76.1 percent; wrapping, 109.7 percent (present classification of association is much broader than is Census or earlier association classification); paperboard, 68 percent of all paperboard, but 81
percent of the more comparable classifications of container board and boxboard; book paper, uncoated, 95 percent and coated 100 percent (book paper estimates are by
association since the data cannot be checked with Census data); and newsprint, 97 percent. Figures for the first 5 months of 1934 on book paper are not available. Data
 are available for the other series for the months of January to April 1934. Thesefigureswill be shown in a subsequent issue.
http://fraser.stlouisfed.org/ # Seo footnote on p. 33 of this issue; data for 1933 revised; see p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of the Dec. 1935 issue.
Federal Reserve Bank of St. Louis

January 1936

51

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1 9 3 5
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

1935
March

April

June

July

August Septem- October
ber

33,327
25,961
32,182

33,109
25,019
48,131

36, 000
> 21,893
41, 483

34, 000
6 21, 250
35, 707

38,192
& 23,627
36, 378

.126
.120
72,000
77,000
677, 569 671, 525
103,200 101,000
44, 375
55, 581
167,745 171, 303
89, 979
91,345
311,000 315,000

.121
70,000
679,061
96,000
49,018
174,141
89,098
315, 000

.120
70, 000
680, 644
101, 000
47, 724
177, 250
80, 843
321, 551

.116
74,000
661, 509
100, 000
43, 413
174,894
67, 361
319,254

.127
75, 000
655,000
100,000
49, 913
168, 570
71,868
312,112

7,136
8,421
14, 889

7,036
7,263
12,611

7,011
6,871
11,321

6 3, 839
6 3, 783
6 6, 322

May

RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total
long tons..
For tiresjf
-.long tons..
Imports, total, including latexf# long tons..
Price, wholesale, smoked sheets, N. Y.
dol. per lb_.
Shipments, world
long tons..
Stocks, world, end of monthf long tons..
Afloat, totalf
--long tons..
For United Statest-long tons..
London and Liverpool
long tons..
British Malaya
-.long tons..
United States!
long tons..
Reclaimed rubber:
Consumption
long tons..
Production.__
__
long tons..
Stocks, end of month
....long tons..
Scrap rubber:
Consumption by reclaimers
long tons..

38, 500

31, 358
23,467
37, 212

32,996
25,137

26, 073

18,171

42,864
32,575
40,523

.131
67,000
623, 300
95, 000
46, 588
166, 896
66, 794
294, 610

.130
76,000
684,408
99,837
38, 625
127,888
96, 556
358, 000

.129
99,000
705.975
124.976
47, 644
134,927
91,072
355,000

.136
75,000
698,153
113,000
42,066
148,337
98,471
338,345

.129
74,000
686,195
103,000

7,494
11,482
12, 028

6,492
7,268
20,015

7,034
7,353
18,740

9,583
10, 465
17,743

38,997
28,832
46,640

40,913
31,825
41,456

155,727
94, 695
332, 773

.114
67,000
678,809
92,000
44,485
162,012
91,069
333, 728

.115
75,000
677,006
97,400
37, 651
165,064
86, 723
328,118

8,178
10,072
15,765

8,183
10,549
17,335

9,210
10,315
17,032

29,671
47,844

25,959

37,827
30,705

8,448
10, 223
16,341

7,317
8,590
15, 780

7,923
11,926
11, 784

32, 588

32,709

TIRES AND TUBESJ
Pneumatic casings:
Production.-.
thousands..
Shipments, total
thousandsDomestic
thousands..
Stocks, end of month..
thousands..
Solid and cushion tires:
Production
thousands..
Shipments, total
thousands..
Domestic
thousands..
Stocks, end of month
thousands..
Inner tubes:
Production
thousands..
Shipments, total
thousands..
Domestic
thousands..
Stocks, end of month
...thousands..
Eaw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
thous. of lb..

3,241
3,095
3,026
8,516

3,665
3,015
2,921
9,171

4,488
3,553
3,469
10,086

4,251
3,189
3,112
11,184

4,215
4,078
4,000
11,325

4,376
4,989
4,908
10, 673

4,050
3,945
3,850
10,797

3,793
4,134
4,061
10,433

3,426
5, 284
5,212
8,584

16
17
16
33

16
15
14
35

22
20
20
32

18
16
16
32

18
20
20
31

20
22
21
31

23
21
20
34

16
20
19
30

22
20
20
36

3,074
2,684
2,630
8,247

3,398
2,765
2,689
8,904

4,131
3,610
3,539
9,332

4,046
3,261
3,200
10,152

3,999
4,043
3,980
10,094

4,132
4,320
4,252

3,775
3,347
3,287
10,296

3,376
3,904
3,840

3,153
5,111
5,053

15,382

15,627

19,608

18,059

7,736

7,055

8,011

7,765

14,868

* 3, 234
>

&
6
6
6
6
b
6
6

6
6
6
6

26
24
24
33

3,154
3, 690
3, 647
5, 621

3, 067
2, 676
2, 621
6, 713

6
6
6
6

6
6
6
6

6 37
6
6
6
6

3, 341
2, 775
2, 735
6,127

• 13, 836 > 12, 606

3, 281
3,317
3, 258
6, 715

6
6
6
6

27
25
25
38

3, 592
3,262
3,215
6, 523

> 14,148

MISCELLANEOUS PRODUCTS
Rubber bands, shipmentsA
thous. of lb_.
Rubber-proofed fabrics, production, totalA
thous. of yd..
Auto fabrics..
thous. of yd..
Raincoat fabrics
thous. of yd..
Rubberflooring,shipmentsA thous.of sq. ft..
Rubber and canvas footwear:*
Production, total
thous. of pairs..
Tennis..
thous. of pairs..
Waterproof
thous. of pairs..
Shipments, total
thous. of pairs..
Tennis,.
thous. of pairs..
Waterproof
thous. of pairs..
Shipments, domestic, total.thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs..
Stocks, total, end of month.thous. of pairs..
Tennis
.thous. of pairs..
Waterproof
.thous. of pairs..
Rubber heels: A
Production...
thous. of pairs..
Shipments, total*
thous. of pairs..
Export
thous. of pairs..
Repair trade
thous. of pairs..
Shoe manufacturers
thous. of pairs..
Stocks, end of month
thous. of pairs..
Rubber soles: A
Production
thous. of pairs..
Shipments, total*
thous. of pairs..
Export...
thous. of pairs..
Repair trade
thous. of pairs..
Shoe manufacturers
thous. of pairs..
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipments: A
Total
thous. of dol..
Belting
_
thous. of dol..
Hose..
thous. of dol..
Other
thous. of dol_.

269

209

174

230

228

276

285

293

227

220

° 276

3,419
405
1,552

3,334
744
884
411

3,776
286
1,141

3,661
287
1,122

4,071
256
1,307

4,068
305
1,398
456

4,030
292
1,716
486

3,868
303
1,540
400

4,200
278
1,986
325

5,209
427
2,370
477

4,870
1,570
3,300
5,317
1,258
4,060
5.273
1,240
4,033
15,177
6,999
8,178

5,668
2,668
2,999
6,379
2,778
3,601
6,250
2,661
3,589
14,466
6,890
7,576

5,383
3,083
2,300
4,752
3,284
1,468
4,619
3,165
1,454
15,087
6,690
8,397

5,863
3,673
2,190
5,087
4,023
1,064
5,041
3,997
1,044
15,854
6,331
9,523

5,415
3,188
2,226
4,210
3,276
934
4,170
3,243
927
17,056
6,241
10, 815

4,857
2,376
2,481
3,688
2,579
1,109
3,623
2,521
1,102
18,202
6,026
12,176

4,151
1,391
2,760
3,002
1,774
1,227
2,964
1,742
1,222
19,358
5,642
13, 716

3,147
702
2,445
3,737
1,507
2,230
3,667
1,490
2,177
18,767
4,836
13,931

4,698
« 1,056
3, 643
6,132
1,340
« 4, 792
6,106
1,322
« 4, 784
15, 653
4,156
11, 497

4,427
873
3,554
5,510
889
4,622
5,489
881
4,608
14,559
4,137
10, 422

13,922
15, 746
326
4,175
11, 244
38,040

13,428
14,075
359
3,435
10,281
37, 751

14,351
16,630
296
5,667
10,667
35,811

16,334
15,260
221
4,777
10,262
36,950

16,256
16,926
439
6,102
11,385
36,349

17,173
18,764
241
7,405
11,118
34,869

20,262
19,658
336
7,471
11,850
35,602

19,105
18, 694
356
5,578
12, 760
34,250

17,836
17,492
233
4,810
12,449
34,746

18,016
16, 267
177
4,054
12, 036
36,464

16, 406
17, 067
187
5,187
11,694
36,051

3,541
3,617
3
585
3,030
4,528

3,400
3,592
3
530
3,059
4,329

3,705
3,696
9
650
3,037
4,311

3,243
3,601
7
704
2,890
3,948

3,357
3,410
7
563
2,840
3,904

3,525
3,543
7
631
2,905
3,897

3,607
3,701
6
505
3,190
3,733

3,567
3,509
8
380
3.121
3,887

3,599
3,597
11
384
3,202
3,875

3,166
3,099
5
449
2,646
3,967

3,021
3,160
3
660
2,497
3,844

3,094
707
1,078
1,310

3,601
746
1,001
1,854

4,515
871
1,430
2,215

4,261
775
1,372
2,115

5,463
1,006
1,842
2,615

5,711
1,394
1,949
2,368

4,944
1,109
1,688
2,147

4,422
1,026
1,383
2,012

4,106
1,092
1,281
1,733

4,354
1,346
1,368
1,640

3,980
1,018
1,248
1,715

375
5,172
1,301
3,871
5,657
491
5,165
5,626
467
5,159
14, 200
5,571
8,630

4,092
1,165
3,827
4,727
575
4,152
4,653
528
4,125
15,513
6,675

396
431

334
5,571
449
2,866
492
5,874
1,297
4,577
5,733
673
5,059
5,705
654
5,051
14, 700
4,761
9,939

5,015
1,155
1,438
2,422

« Revised.
& See footnote marked "t".
X Data for 1934 and for the period January to July 1935 are estimated to represent approximately 97 percent of the industry; for August, September, and October 1935 the
coverage is estimated to be 81 percent. Previously published data are estimated to cover about 80 percent of the industry for 1929-33, inclusive, and 75 to 80 percent prior to 1929.
# See footnote on p. 33 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue.
•In October 1933, 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 percent. For preceding periods the coverage varied; in 1929 it was 90 percent; in 1931, 80 percent; and in 1933, 95 percent, according to the Census of Manufactures. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933 data for the smaller number of firms.
*New series. Earlier data not published on total shipments of rubber heels and rubber soles prior to December 1932.
fRevised series. Data on consumption of rubber for tires revised for 1932, 1933, and 1934. See p. 51 of the August 1934 issue. Revised data from September 1930December 1934—rubber world stocks, world afloat, and afloat to the United States appear on p. 20 of the July 1935 issue; for 1932 revisions for United States stocks, see p. 50
of the May 1933 issue. See p. 50 of the June 1933 issue for crude rubber imports
ACoverages of Rubber Association data has varied considerably over period for which data have been shown in SURVEY. Coverage was generally higher in 1934 and
1935 than in earlier years.




52

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

January 1936
1935

March

April

May

June

July

August Septem- October
ber

STONE, CLAY, AND GLASS PRODUCTS
BRICK
Common brick:
Price, wholesale, red, N . Y.
dol. per thous._
Shipments*
_
thous. of brick..
Stocks*
thous. of brick.Face brick (average per plant):
Orders, unfilled, end of mo.
thous. of brick..
Production (machine)*
thous. of brick..
Shipments
thous. of brick_.
Stocks, end of month J
thous. of brick..
Sand-lime brick:
Orders, unfilled, end of mo.
thous. of brick..
Production
thous. of brick..
Shipments by rail
thous. of brick..
Shipments by truck
thous. of brick..
Stocks, end of month
thous. of brick..
Vitrified paving brick:
Shipments*
..thous. of brick..
Stocks*
.._
.thous. of brick..

10.50
64,508
419,833

10.50
48,188
412,449

10.50
38,281
400,529

322
218
143
2,303

233
120
115
2,306

254
64
64
2,3.10

258
71
97
2,318

850
1,651
552
1,105
2,715

140
199
32
531
1,561

100
175
0
350
1,317

4,993
76,156

1,806
77,866

1.667
7,086
32.2
5,976
21,611
5,620

1.650
5,779
26.2
5,674
20,078
6,213

3,275
59.4
2,940
7,836

2,855
51.8
2,537
7,481

9.50

400
1,399
83
1,280
2,185

10.44
10.00
38,291 60,987
387,462 362,458

10.00
76,646
341,477

9.63
83,076
343,554

289
95
138
2,282

367
177
229
2,133

381
293
255
2,107

342
310
284
2,078

100
155
13
266
1,363

925
115
20
414
811

850
345
104
343
346

810
1,821
125
1,754
1,374

1,601
79,711

1,167
79,494

1,338
77,039

3,307
80,358

1.650
4,447
19.5
3,104
21, 460
6,166

1.650
3,202
14.1
2,846
21,847
6,318

1.650
3,053
14.9
2,952
21,899
6,348

1.658
4,299
18.9
4,878
21, 289
6,343

2,922
53.0
2,430
7,871

2,935
49.3
2,679
7,990

2,639
49.9
2,584
8,010

9.50
9.40
88,324 93,608
341,315 365,481

9.44
95,940
381, 532

9.50
"91,127
'394, 988

337
350
313
2,107

322
320
300
2,126

291
351
277
2,168

600
1,582
206
793
1,860

1,150
2,077
213
1,901
1,877

1,012
1,974
144
1,873
1,921

720
2,396
44
1,894
2,202

4,162
87,241

7,753
89,638

12,565
86,236

9,173
81,447

5,115
81, 344

1.667
6,136
27.9
6,198
21,219
6,122

1.667
8,222
36.1
7,428
21,991
6,365

1.667
8,725
39.6
7,632
23,083
6,741

1.667
8,021
35.7
7,813
23,287
6,849

1.667
7,235
31.8
8.105
22, 415
6,779

1.667
7,173
32.6
7,799
21, 783
6,368

2,946
51.4
2,963
7,955

3,113
54.3
2,956
8,060

3,401
59.3
3,245
8,141

3,295
59.8
3,276
8,115

3,679
62.4
3,455
8,183

3,825
64.2
3,735
8,239

3,107
58.7
3,701
7,576

PORTLAND CEMENT
Price, wholesale, composite
dol. per bbl..
Production
_.thous. of bbL.
Percent of capacity
Shipments
thous of bbL.
Stocks, finished, end of month.thous. of bbL.
Stocks, clinker, end of month .thous. of bbL.
GLASSWARE, ETC.
Glass containers:#
Production
thous. of gross..
Percent of capacity...
Shipments
..thous. of gross..
Stocks, end of month
thous. of gross..
Illuminating glassware:*
Orders:
New and contract
number of turns..
Unfilled, end of month
number of turns..
Production.
number of turns..
Shipments:
Total
number of turns..
Percent of full operation..
Stocks, end of month
number of turns..
Plate glass, polished, production f
thous. of sq. ft..

2,416

1,990

1,681

1,774

1,850

2,115

2,020

1,965

1,919

1,743

1,865

2,446

2,730
2,672

2,456
2,022

2,252
1,638

2,608
2,065

2,623
2,022

2,751
1,829

2,828
1,555

2,757
1,591

2,306
2,013

1,999
77.9
4,475

1,691
65.9
4,487

2,356
1,774
1,685
65.6
4,624

2,611
1,902

2,339
91.1
3,618

2,305
1,877
1,851
72.1
4,525

1,791
69.8
4,795

1,920
74.8
4,945

1,927
75.1
5,097

1,814
70.7
5,119

1,567
61.0
5,053

1,920
74.8
4,787

2,088
81.4
3,358

15,909

6,587

8,390

13,365

13,723

16,532

16,999

14,582

13,163

13,909

14, 526

14, 404

GYPSUM*
Crude (quarterly):
Imports*
short tons_.
Production
short tons..
Shipments (uncalcined)
.short tons.
Calcined (quarterly):
Production
short tons.
Calcined products (quarterly):
Shipments:
Board, plaster (and lath) .thous. of sq. ftBoard, wall
thous. of sq. ft-.
Cement, Keenes
short tons.
Plasters, neat, woodfiber,sanded, gauging, finish, etc
short tons.
For pottery, terra cotta, plate glass, mixing plants, etc
short tons.
Tile, partition
thous. of sq. ft-

101,805
334,318
99,956

10,730
292,406
84,853

102,302
523,238
188,458

153,704
566, 719
161, 786

234,735

233,852

388,440

416, 709

32, 904
49,793
2,866

29,937
51,362
2,997

56,284
73,990
4,724

72, 957
62, 250
5,642

162,020

165,970

272,202

293,984

23,985
1,550

29,142
2,302

2,211

35, 892
2,420

TERRA COTTA
Orders, new:
Quantity
Value

short tons.
..thous. of doL

1,364
149

539
41

1,090
82

967
80

934
80

795
66

1,440
133

791

934
113

836
104

581
76

713
91

35,643
363,347

28,817
370,116

25,795
363,291

23,111
353,774

29,931
350,710

38,498
346,785

43,069
341,432

42,336
334,369

43,196
335,114

47, 223
341,833

° 45, 575
•341,509

TILE
Hollow building tile:*
Shipments
Stocks

short tons.
short tons.

° Revised.
• New series. Earlier data not published on illuminating glassware prior to July 1932 (except production and percent of capacity); for earlier data see p. 20 of the June
'
1933 issue, face brick, machine production. Series on common and vitrified paving brick and tile beginning January 1934 were shown on p. 20 of the June 1935 issue. For
earlier data on gypsum see p. 20 of the January 1933 issue.
X Adjusted for degrading and year-end physical inventories.
t Data on plate glass represent the total output of the industry. Complete figures for the months of 1932 were shown on p. 52 of the March 1933 issue, and for 1933 on
p. 52 of the March 1934 issue.
# Series on glass containers are not comparable for 1934, 1935, and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the year
of 1933 amounted to 33,056,706, compared with 23,511,963 for the 30 firms reporting for the same year. Comparable statistics on shipments for the companies, now reporting
by years, from 1928 to 1933, inclusive, were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data
are not available for this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly
figures prior to 1934 had a downward bias. Basis of estimating capacity was changed in computing the new series. Data for 1934 revised, see p. 52 of the May 1935 issue.




January 1936

53

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
In the 1932 Annual Supplement to the Survey
ber
ber
ber

1935
February

March

April

May

June

July

August Septem- October
ber

TEXTILE PRODUCTS
CLOTHING
Hosiery:*!
Production
thous. of dozen pairs..
?<b aents
thous. of dozen pairs—
"%s, end of month
thous. of dozen pairs..
Men's and boys' garments cut:
0^ v rcoats
thous. of garments..
i
T
te trousers
thous. of garments..
.}
thous. of garments..

9,466
17,159

16,934

480

9,214
8,732

9,692
9,768

9,392
9,180

9,203
9,124

7,121
7,513

7,541
6,818

9,001
9,686

9,577
10, 816

11,574
12,164

18,444

19,028

19,053

19,366

19,546

19,256

19,979

19,294

18,054

17, 464

551

480

482

470

384

391

408

449

552

466

390

278

345

280

8,001
8,220

417

COTTON
Consumption!
thous. of bales..
508
Exports:
Quantity, exclusive of linters
1,135
thous. of bales. _
Ginnings (total crop to end of month)
9,362
thous. of bales..
Imports#
thous. of bales..
7
Prices:
.115
To producer
dol. per lb._
.120
Wholesale, middling, N. Y
dol. per l b . .
Production, crop estimate—thous. of bales.. /10, 734
Receipts into sight!
thous. of bales..
2,309
Stocks, end of month:f
Domestic, total mills and warehouses
9,976
thous. of bales. .
1,346
Mills
thous. of bales..
8,630
Warehouses
thous. of bales..
7,697
World visible supply, total-thous. of bales.6,383
American cotton...
thous. of bales—

572

505
d

318

323

* 9,173
10

.123
.126

.124
.127
•9,637
987

.123
.127

.122
.126

.115
.115

.117
.117

487

378

424

229

11,098
1,294
9,804
7,955

10,869
1,301
9,568
7,819
5,962

10,138
1,192
8,946
7,482
5,565

9,516
1,161
8,355
7,197
5,132

8,904
1,116
7,788
6,881
4,715

8,266
1,062
7,203
6,124
4,169

.323
.415

.304
.425

.309
.415

.306
.415

.299
.410

.297
.414

16,935
5,174

16,858
3,517

16,444
4,353

15,484
6,474

15,848
7,727

18,713
7,118

.064

.066

.068

.067

.065

.062

.082

.078

.077

.077

.076

.074

102, 292 126,726
96, 507 87,679
5,399
6,693
97, 331 114,139

128,898
87,992
6,114
107,379

1,544

9,377

241

487

712

1,133

1,472
10

9,020

4,230
6

7,750

.115
.115

.106
.108

.109
.112

2,154

3,136

10
.118
.119

.119
.122

233

395

718

7,555
975
6,581
5,593
3,720

6,953
885
6,069
4,998
3,253

6,528
789
5,739
4,278
2,790

6,538
645
5,893
4,212
2,834

7,865
717
7,149
5,052
3,968

9,556
1,074
8,482
7,060
5,807

.296
.415

.305
.415

.301
.415

.299
.415

.299
.411

.300
.405

.312

16,285
5,903

16,539
5,460

13,657
3,729

14,566
3,258

13,731
3,517

14,128
4,315

15, 529
5,876

.061

.062

.061

.059

.061

.063

.064

.073

.074

.073

.071

.070

.074

.078

144 429 130,284
112,883 98,810
6,218
6,000
104,597 100, 265

90,496
73,531
5,504
70, 381

89,164
78, 254
6,585
61,842

94, 521
84,486
7,282
77, 913

93, 013
87, 921
6,151
86, 948

110,885
102, 066
6,499
97, 972

195,421
88, 292

199, 328
93, 795

.120
.123

COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
22/ls, cones (Boston)
dol. per l b .
40/ls, southern spinning*
dol. per l b .
Cotton goods:
Cotton cloth:
Exports§
thous. of sq.yd—
Imports!
thous. of sq.yd—
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd.
Sheeting, brown, 4 x 4 (Trion mill)
dol. per yd..
Cotton cloth finishing:*
Production:
Bleached, plain
thous. of y d . .
Dyed, colors
thous. of yd..
Dyed, black
thous. of y d . .
Printed.—
thous. of y d . .
Stocks:®
Bleached and dyed
thous. of y d . .
Printed
thous. of y d . .
Spindle activity:!
Active spindles
thousands..
Active spindle hours, total
millions of hours..
Average per spindle in place
hours..
Operations._.
percent of capacity__

205, 719 298, 233 284,473
95, 790 111, 758 107,585

145, 390 137,335 148,710
107, 283 104,987 119,107
6,999
6, 013
6,797
120, 203 117, 780 122,548
100,008

276,863
97,232

291,481 297,866
97, 732 103,500

297,776
111,926

333,991
115,255

234,457
96,103

212, 369
94,012

23,194

25,072

25, 073

25,155

24, 917

24, 574

23,854

23,041

22, 704

22,312

22,047

6,897
233
101.1

6,710
217
94.0

6,014
195
87.1

7,542
245
102.6

6,567
213
100.2

6,623
215
92.9

6,055
197
85.3

6,087
199

5,102
168
75.0

5,155
171
73.5

5,545
185
76.4

23,193
6,184
207
93.9

7,445
251
103.8

EAYON AND SILK
Rayon:
Deliveries:*
466
Unadjusted
1923-25=100..
274
386
488
441
553
417
433
295
381
583
494
550
264
Adjusted
-1923-25-100..
574
429
565
387
279
439
570
419
513
477
462
524
3-mo. moving average of adjusted index
327
1923-25=100..
453
523
509
393
410
310
495
520
465
501
468
509
ImportsJ#
thous. of lb_.
6
16
22
25
12
241
9
26
39
60
145
107
Price, wholesale, 150 denier, " A " grade
.57
(N. Y.)
_
dol. per lb_.
.55
.57
.60
.55
.60
.60
.55
.55
.57
.57
.57
Stocks, imported, end of month
237
thous. of lb—
264
262
265
262
263
261
262
261
244
245
239
238
Silk:
Deliveries (consumption)
bales- _ 37, 012 37,548 40,941 47,443 41,732 44,347 39,757 38,361 33,728
44,166
45,156
48,167
41, 715
Imports, rawj#
thous. of lb._
6,061
7,219
2,566
4,905
5,562
5,278
6,516
5,201
5,545
6,708
6,344
8,218
5,658
Prices, wholesale:
2,092
Raw, Japanese, 13-15, N. Y.dol. per lb._
1.292
1.391
1.358
1.348
1.432
1.418
1.327
1.376
2.084
1.447
1.705
Silk goods, composite
dol. per yd—
1.00
.92
.95
.96
.94
.96
.92
.92
.92
1.00
.97
.95
.96
Stocks, end of month:
World visible supply
bales.. 228,000 275,000 272,300 258,500 234,457 223, 548 220,577 207,000 190,700 199,500 214,000 236, 000
233,000
United States (warehouses)
bales.. 51, 458 76,502 65,934 48,516 48, 727 36,583 37,587 36,762 42,018
32, 654
38, 680
46, 777
37, 381
• Revised.
»As of Dec. 13.
* As of Jan. 16.
• Final estimate.
/ Dec. 1 estimate.
* New series. Hosiery compiled by the National Association of Hosiery Manufacturers and estimated to represent 95 percent of the industry. For complete series see
p. 19 of the September 1935 issue. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry;
comparable figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at end of each 4-week
period. Data on cotton yarn, southern spinning from January 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1923-April 1935 were
shown on p. 19 of the June 1935 issue.
1 For revisions for crop years 1931-32, 1932-33,1933-34, and 1934-35, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, p. 53 of the October 1934 issue,
and p. 57 of the October 1935 issue, respectively.
f For revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32, 1932-33, 1933-34, and 1934-35, see p. 20 of the February 1933 issue,
pp. 52 and 53 of the November 1933 issue, p. 53 of the October 1934 issue, and p. 57 of the October 1935 issue, respectively.
§ For 1932 revisions see p. 53 of the June 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue; 1934 revisions are shown on p. 19 of the December 1935 issue
# See footnote on p. 33 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue; data also revised for 1934, see p. 20 of the December 1935 issue.
• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data at the end ot
succeeding 4-week periods.
X For 1932 revisions see p. 53 of the June 1933 Issue, for 1933 revisions see p. 20 of the October 1934 issue, and for 1934 revision see p. 20 of the December 1935 issue.




54

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary
in the 1932 Annual Supplement to the Survey
ber
ber
ber

January 1936
1935

February

March

April

May

June

July

August Septem- October
ber

TEXTILE PRODUCTS—Continued
RAYON AND SILK-Continued
Silk manufacturing:
Operations, machine activity:
Spinning spindles:*
All
percent of capacity—
5-B
percent of capacity..
Weaving:
Broad loomst
percent of capacity._
Narrow looms f._ .percent of capacitySilk piece goods:*
Commission mills:
New orders
yards per loom..
Production
yards per loom..
Shipments
yards per loom..
Stock-carrying mills:
Production
yards per loom..
Shipments
_
yards per loomStocks, end of month_yards per loom..
Still to come off looms.yards per loom..

44.4
45.8

46.8
45.8

342.0
512.3
481.6

425.7
520.0
534.7

325.6
367.6
853.8
393.5

55.0
50.3

320.9
399.4
787.5
480.9

52.2
51.8

45.8

51.4

40.5
40.5

|
i

WOOL
Consumption:
Total, grease equivalent basist
thous. of lb— b 72,993 6 44,858 b 57,065 * 58,370 » 51,616
Apparel class, scoured basis*_thous. oflb.. & 27, 528 b 17,700 b 22, 200 b 22, 200 b 19, 300
Imports, unmanufactured§#
thous. of lb— 18, 041
4,964
5,074
8,583
11,964
Operations, machinery activity: 0
125
Combs, worsted
percent of capacity..
82
95
100
89
Looms:
Carpet and rug
percent of capacity..
53
23
28
36
45
Narrow
percent of capacity. .
44
29
26
28
31
Wide
percent of capacity..
89
48
63
81
88
Spinning spindles:
Woolen
percent of capacity..
104
66
92
71
85
Worsted
..percent of capacity..
83
71
48
65
74
Prices, wholesale:
Raw, territory, fine, scoured._.dol. per l b . .
.84
.76
.76
.69
.76
Raw, Ohio and Penn., fleeces-dol. per lb._
.39
.28
.27
.26
.25
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd..
1.708
1.485
1.510
1.510
1.510
Women's dress goods, French serge, 54" (at
factory)..
dol. per y d - 1.052
.990
.990
.990
1.101
Worsted yarn, 2/32s, crossbred stock, Boston
-dol. per lb__
1.29
1.10
1.10
1.08
1.11
Receipts at Boston, total A.
thous. oflb.. 19, 214
5,177
3,730
11,053
5,758
Domestic
thous. oflb
10 982
10, 687
2,380
4,826
4,478
Foreign A
.
.
thous. of lb_
8,232
366
1,350
932
699
Stocks, scoured basis, end of quarter:*^
Total
thous. of lb__
170,004
149, 016
Domestic
thous. of lb__
20,988
Foreign
thous. oflb—
113,751
Combing
thous of lb.
56,253
Clothing
-thous. of lb—

» 65,006
b 23,108
13,939

b 62,066
6 21,818
15,459

» 70,617 » 80, 428
>
6 28,388
b 25,444
15,932
15, 778

6 66,648
b 23,575
18, 760

95

111

52
29
82

58
27
73

116

115

103

111

113

124

59
28
76

50
25
77

53
24
78

60
31
85

52
33
78

54
42
84

81
61

76
63

83
71

89
72

94
67

103
67

97
67

106
81

.66
.23

.64
.23

.68
.26

.75
.30

.76
.30

.76
.31

.78
,33

.81
.32

1.510

1.510

1.522

1.609

1.609

1.609

1.603

1.624

.990

.990

.990

1.015

1.015

1.015

1.027

1.040

1.05
6,507
4,626
1,881

1.05
8,951
7,141
1,810

1.06
19, 701
17,246
2,455

1.08
44,346
41,809
2,537

1.10
72,156
67,598
4,557

1.10
37,957
33,981
3,976

1.11
23, 832
19. 385
4, 446

1.25
18, 525
11,803
6,722

134,455
115,216
19, 239
88,163
46,292

* 74, 781 & 80,293
>
b 26, 592 f> 28,994
21,952
20, 361

141,923
126, 209
15,714
100, 207
41,716

« 78, 727
>
& 29,565
23, 498

156 102
137 264
18, 838
111,706
44 396

MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity52.8
Stocks, end of month
thous. of gross..
7,136
Elastic webbing, shipments..-thous. of dol._
0)
Fur, sales by dealers
thous. of dol— v 1, 137
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of month
thous. linear yd__
2,300
Pyroxylin spread
_
thous. of lb_.
4,152
Shipments, billed
-thous. of linear yd—
4,084

48.4
• 6, 388
823
1,887

41.1
6,236
815
1,386

44.8
8,676
956
1,799

50.3
8,536
949
1,942

49.3
8,357
1,018
2,271

45.9
8,258
1,060
2,301

37.6
8,188
2,782

2,326

2,988
3,257
2,833

2,787
3.337
3,197

3,036
4,214
3,738

2,993
4,444
4,057

2,822
4,829
4,691

2,654
4,600
4,328

2,368
4,280
4,606

1,974
3,274
3,645

0)

29.0
8,005

0)

22.3
7,688

43.7
7.215

50.2
7,215

3,185

0)
3,390

3,069

a 2, 145

1,898
3,587
3,534

2,176
4,471
4,032

2,589
4, 692
4,412

2, 592
5,125
4,616

0)

36.5
7,403

0)

0)

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
Commercial (licensed)
Military (deliveries)
For export—

number..
Ill
187
136
156
218
122
133
182
number.
57
107
78
106
149
68
87
149
42
number.
41
34
35
20
42
9
19
12
number.
39
34
24
30
12
37
14
• Revised.
Preliminary.
# See footnote on p. 33 of this issue.
* Discontinued by the reporting source in April 1935.
b
Since July 1934 report has been on a weekly basis. Data for September and December 1934 and March, June, and September 1935 are for 5 weeks; other months, 4
weeks. Figures for July and succeeding months are computed from Census Bureau figures so as to represent 100 percent of the wool industry; earlier figures incomplete.
t Compiled by the Silk Code Authority {The National Federation of Textiles, Inc.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40
hours each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and computed on the basis of a 48-hour week.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 19 of the April 1935 issue, excepting for yardage on looms, which is shown on p. 20 of the August 1934 issue. Wool stock series began
in June 1934. See p. 20 of the July 1935 issue for earlier data and explanation of new wool consumption series.
* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed normal (currently based on the single-shift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry. No allowance for holidays in January 1934, January 1935, and December 1934. Conversion will be made for earlier
months (since effective date of code) at a later date.
-* Foreign receipts for year 1934 are compiled by U. S. Department of Agriculture and are not comparable with data carried through December 1933. This results in a
total figure which also is not comparable with earlier data.
1 Compiled by the Bureau of The Census and represent stocks of raw wool held by all dealers, topmakers, and manufacturers who usually hold significant stocks of wool.
The figures for the 3 quarters of 1934 have been revised to include the "grade not stated."
t Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool is multiplied by 2 and pulled wool by 1 J£. Includes
clothing and carpet wools. See note on apparel class wool on p. 20 of the July 1935 issue. As this grease series will probably be dropped in favor of the more accurate scoured
series, it is suggested that those who wish to keep series going have their names placed on Bureau of the Census mailing list for the monthly wool consumption report, from
which can be computed data, using formula given.
§ For 1932 revisions see p. 33 of the June 1933 issue, for 1933 revisions see p. 20 of the October 1934 issue, and for 1934 see p. 19 of the December 1935 issue.




55

SURVEY OF CURRENT BUSINESS

January 1936

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Novem- Novemin the 1932 Annual Supplement to the Survey
ber
ber
^ b e r " January

1935
Febru-

March

April

May

June

July

August

Septem- October
ber

TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES*
Exports:
Canada:
Automobiles, assembled
number.
Passenger cars
number.
United States:
Automobiles, assembled, total!
number.
Passenger cars5
number.
Trucks!
number.
Financing:
Retail purchasers, total
thous. of dol.
New cars
thous. of dol.
Used cars
thous. of dol.
Unclassified
_thous. of dol.
Wholesale (manufacturers to dealers)
thous. of doL
Fire-extinguishing equipment:!
Shipments:
Motor-vehicle apparatus
number.
Hand-type
_
number.
Production:
Automobiles:
Canada, total.
number.
Passenger cars
number.
United States, totalf
.number.
Passenger carsf
number.
Taxicabs*
number.
Trucksf
number.
Automobile rims
thous. of rims.
Registrations:
New passenger carsfnumber.
New commercial cars*
number.
Sales:
General Motors Corporation:
To consumers
number.
To dealers, total!
.
number.
U. S. dealers
_
.number.
Shipments, accessories and parts, total*
Jan. 1925=100.
Accessories, original equipment
Jan. 1925=100Accessories to wholesalers..Jan. 1925=100.
Replacement parts
Jan. 1925=100.
Service equipment
Jan. 1925=100.

5,576
4,087

1,929
1,140

641
367

1,585
1,366

4,858
4,342

9,355
6,665

6,356
5,194

6,499

4,829
3,276

5,070
3,579

5,995
4,100

4,777
3,643

3,931
2, 629'

30,529
22,491

16,280
9,210
7,072

15,420
8,279
7,141

17,626
11,035
6,591

21,827
15,067
6,760

29,806
20,986
8,820

26, 433
18,341
8,092

19,895
13,604
6,291

26, 270
16,517
9,753

25,026
14, 752
10,274

20,073
10,076
9,997

12, 703
5,622
7,081

14, 580'
7,471
7,109

55,303
33, 784
20,399
1,120

43,789
24,761
18,016
1,012

56,152
35,937
18,955
1,260

66,419
42,779
22,285
1,355

95,184
61,722
31,607
1,856

113,026
73,058
37,929
2,039

107,821 106,174
66,913
67,631
38, 227 37,237
1,963
2,025

113,125
71,665
40,274
1,186

100,761
62,661
37,011
1,089

77, 651
46,114
30, 716
820

74,188
42,179
31,122*
887

29,730

36,530

93,830

106,054

145,574

159,930

132,074

118,732

119,100

92,918

39, 700

75,907

65
27,587

25
31,219

40
21,536

30
25,169

22
20,697

36
21,713

47
29, 796

40
34,585

54
34,692

47
29,571

32, 534

49
28, 362

59
31, 55&

13,496
12, 042
398,024
338,425

1,697
1,052
83,482
49,020

2,694
2,443
153,624
111,061

10,607
292,817
229,233

18,114
13,885
335,700
275,623

21,975
18,179
429,834
361,816

15,745
24,121
20,765
12,276
20, 686 17,093
477, 746 364, 727 361,321
401,628 307,522 296,609

13,069
9,471
337,044
276,084

7,692
5,524
240,051
182,389

5,323
3,819
89, 805
57, 285

8,313
7,128
275,021
214,609'

59,599

34,462
578

42,563
1,199

63,584
1,869

60,077
1,616

68,018
1,724

57, 205
1,561

64,712
1,428

60,960
1,339

57, 662

60,412
1,654

220,262
37,616

107,648

75, 514 136,635
24,125 34,759

170,615
34,797

261,477 319, 652 293, 201
41, 511 46,785 47,968

48, 243

285,184
51,243

233,851
50,355

32, 520
1,052
157,098
43, 234

148, 389
43, 243

136,859
182, 754
147, 849

62,752
61,037
39,048

109,051 137, 782 108, 645 127,346
134, 597 181,188 167, 790 124, 680
105,159 150, 863 139,021 103,098

66, 547
39,152
22, 986

68, 566
127,054
97, 746

135

77

132

148
147
139
80

124
123
56

41,530
41,594
28,344

54,105
77,297
98, 268 121,146
75,727 92,907

76,118
1,907

126,691
169,302
132,622

143,909
184,059
152,946

113
101
110
103
55

123

135

147

132

119

114

92

105

115
92
126
65

123
102
145
70

142
101
144
72

156
110
144

132
132
148
83

102
103
131
82

113
95
138
81

85
126
124
75

129
135
91

137
150
141

RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacitymills, of lb,_ 176, 724 184,898 183,363 182,685 182,117 182,773 181,396 180, 559 180,114 179,556 179,203 178,703 ' 178,125
Number, total—
.thousands..
1,925
1,907
1,827
1,900
1,892
1,888
1,851
1,868
1,842
1,857
1,861
1,883
1,873
Bad order, total
number.. 269, 984 295,947 290,709 285,256 277,451 274, 775 284, 728 283,310 276,535 281, 262 285,320 284,427
273,125
Percent of total in bad order
_.
15.0
15.6
15.5
15.2
14.9
14.8
15.5
15.6
15.0
15.4
15.0
15.3
15.4
Locomotives, railway:
Owned:
Tractive power
.mills, of lb__
2,210
2,271
2,251
2,243
2,232
2,222
2,215
2,236
2,212
2,219
2,222
2,231
2,228
Number
number.. 45, 555
47,329
46,869
46,636
46,363 46,237 46,192 46,099 45,910
45, 610
45,883 45,821 45, 686
Awaiting classified repairs.number.. 10,127
10, 718 10,344
10,419
10,423
10,389
10,187
10, 537 10, 582 10, 541 10, 557 10,403 10,335
Percent of total
__
_
22.2
22.7
22.1
22.3
22.5
22.5
22.6
22.7
22.3
22.8
23.0
23.0
23.0
Installed
number,.
53
68
81
80
64
45
86
60
43
62
92
57
63
Retired
number108
292
543
261
221
337
171
122
119
106
119
246
156
Passenger cars:
On railroads (end of quarter) ..number.
43,342
42,428
41, 648
41,986
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads...ears..
25
4
360
24
806
0
110
5,151
100
810
600
500
2
Orders, unfilled, total
cars,.
4,489
628
818
1,771
427
444
7,440
6,432
1,447
7,259
2,427
2,173
1,477
2,798
53
Equipment manufacturers
cars—
399
959
113
30
4,514
533
5,775
5,841
414
427
549
1,691
575
Railroad shops
cars..
419
812
414
1,918
314
914
1, 665
1,418
2,013
1,746
928
1,755
999
Shipments, total
cars,.
121
768
143
1,281
334
29
17
1,031
40
1,754
995
Domestic
ears—
65
143
1,281
748
162
27
17
401
Locomotives, industrial electric (quarterly):
Shipments, total..
number.
Mining use
number.
63
30
Locomotives, railway:
Orders, new, placed by railroads
69
number..
Orders, unfilled, end of month:
Equipment manufacturers (Census)
127
127
115
102
35
total...
number..
43
125
121
109
97
32
Domestic, total
number..
89
101
84
22
Electric
number..
20
13
10
Steam
number0
0
Railroad shops (A. A. R.)__.number..
2
Shipments:
21
12
Domestic, total.
number..
2
3
12
Electric
number..
0
18
0
Steam..
number..
2
4
5
Exports, totalf
number..
14
3
4
Electric
number..
10
1
1
Steam
number..
4
• Revised.
• New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars.
t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; exports of locomotives for 1932; p. 55 of the June
1933 issue for 1933, see p. 20 of the September 1934 issue, and for 1934 p. 19 of this issue. Data on automobile production revised for 1933. See p. 55 of the August 1934 issue.
For revised data for 1934 see pp. 55 and 56 of the June 1935 issue.
t Index of sales of new passenger cars is shown on p. 26 of this issue.
§ Data revised for 1932, see p. 54 of the June 1933 issue. Data revised for 1933, see p. 20 of the September 1934 issue; and for 1934, see p. 19 of the December 1935 issue
• Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies.
T United States and Canadian dealers, plus overseas shipment.




56

SUKVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
-together with explanatory footnotes and references to the sources of the data, may be found Novem- Novem- DecemJanuary Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary

January 1936
1935

March

April

June

May

August Septem- October
ber

July

TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT-Contd.
Equipment manuufacturing—Continued.
Passenger cars:
Orders, new, placed by railroads
number..
Orders, unfilled (end of quarter)
number. _
Shipments, total
number. _
Domestic
number. _
ELECTRIC TRUCKS AND
TRACTORS
Shipments, industrial, total
number. _
Domestic
..number. _
Exports
number. _
SHIPBUILDING
United States:
Merchant vessels:
Under construction.thous. of gross tons. _
Completed during month
total gross tons. .
Steel
—
.total gross tons..
World (quarterly):
Launched:
Number
-ships. Tonnage
thous. of gross tons. _
Under construction:
Num ber
—
ships. _
Tonnage
thous. of gross tons..

0

0

0

0
0

2
2

182
44
29

115
103
12

24
23
1

50
45
5

0

0

0

61
61

10
10

76
11
11

42
42
0

58
57
1

59
56
3

0

0

41
41

9
9

68
12
12

75
70
5

67
65
2

53
48
5

55

0

0

2

13
13

45
45

9
0
0

0
0

76
74
2

78
76
2

80
72
8

117
11'
3

0

82

49

50

38

36

30

20

20

20

31

72

76

77

4,617
2,660

2,370
858

2,430
447

3,103
2,097

4,483
3,740

14,510
11,344

12,640
8,543

22,026
15,801

5,928
2,189

4,530
957

4,305
45

15,860
8,464

9,266
1,707

124
384

112
319

135
323

119
263

271
1,252

325
1,270

330
1,283

288
1,198

CANADIAN STATISTICS
Business indexes: *
Physical volume of business
1926=100. _
Industrial production, total.-1926=100._
Construction fi
1926=100. .
Electric power
1926=100..
Manufacturing
1926=100. .
Forestry
.
1926=100..
Mining f
___1926=100__
Distribution
1926=100..
Carloadings
, .1926=100. _
Exports (volume)
1926=100. _
Imports (volume)
—1926=100. .
Trade employment
1926=100_ _
Agricultural marketing
1926=100_ .
Grain marketings..
1926=100. .
Livestock marketings
_ 1926=100. _
Commodity prices:
Cost of living index
tf
1926=100..
Wholesale price index #
1926=100. _
Employment, total (first of month)_1926=100_ .
Construction and maintenance. 1926= .100__
Manufacturing
1926=100_ _
Mining
1926=100..
Service
1926=100..
Trade. . . I
1926=100..
Transportation
1926=100_ _
Finance:
Banking:
Bank debits
mills, of doL _
Interest rates
1926= 100, .
Commercial failures *
number. _
Security issues and prices:
New bond issues, total
thous. of dol__
Bond yields
percent. _
Common stock prices, total t -1926=100. Foreign trade:
Exports
thous. of doL .
Imports.
thous. of doL _
Exports, volume:
Wheat
thous. of bu__
Wheat
flour.
thous, of b b L .
Eailway statistics:
Carloadings
thous. of cars. .
Financial results:
Operating revenues.,
thous. of doL.
Operating expenses..
thous. of doL.
Operating income
thous. of doL.
Operating results:
Freight carried 1 mile
mills, of tons—
Passengers carried 1 mile.mills, of pass..
Commodity statistics:
Production:
Electrical energy, central stations
mills, of kw.-hrPig iron
thous. of long tons..
Steel ingots and castings
thous. of long tons..
Wheat
flour
_..thous. of bbL.

110.0
113.5
39.1
199.0
118.5
114.6
146.3
100.2
66.8
77.1
93.7
124.1
43.3
36.4
74.3

96.5
97.0
42.2
181.4
96.0
104.1
137.5
95.2
65.9
60.6
85 3
119.3
51.2
46.3
72.8

92.4
91.0
30.6
188. 8
91.8
110.3
121.8
96.1
65.7
61.6
72.6
123. 8
36.0
29.0
67.3

97.5
97.8
73.4
189.7
88.9
95.7
140.4
97.1
75.8
70.1
71.3
118.9
30.6
19.3
81.5

100.6
101.1
76.9
188.9
92.5
95.2
143.5
99.4
78.3
79.2
70.7
120.7
62.2
55.2
93.4

94.2
93.3
61.3
190.5
86.8
93.1
143.4
96.8
73.3
73.8
65.6
120.5
65 4
57.7
100.0

97.7
37.9
195.9
94.0
99.0
156.4
100.0
79.1
81.5
71.5
121.0
91.8
91.7
92.0

103.2
104.4
38.1
198.1
105.1
108.7
147.6
100.5
73.4
84.1
84.0
121.2
86.3
85.4
90.6

99.2
99.7
43.7
197.4
98.4
105.7
138.4
97.8
70.6
69.9
74.6
122.6
106.1
112.3
78.2

103.0
104.0
58.1
199.4
101.7
100.7
135.3
100.2
75.0
78.6
79.8
122.3
164.7
183.4
80.4

107.9
110.3
69.8
206.2
102.7
111.8
165.8
101.3
72.1
100.3
80.5
122.8
163.9
181.2
86.6

101.9
102.5
52.1
191.9
100.0
103.7
144.7
100.1
69.6
92.7
77.6
123.6
114.2
119.5
90.2

80.6
72.7
107.7
119.9
103.5
132. 5
117.1
124.6
84.5

79.3
71.1
100.2
111.0
92.8
121.2
114.9
121.3
83.9

78.9
71.2
98.9
100. 3
91.3
122.9
115.2
126.0
80.1

71.4
94.4
87.9
87.4
119.1
115.2
130.6
76.2

78.9
71.9
94.6
87.2
90.1
120.3
111.9
116.6
76.2

78.8
72.0
96.4
94.2
92.7
118.8
111.7
116.7
76.5

78.6
72.5
93.4
80.2
93.9
117.7
111.4
117.4
76.3

78.6
72.3
95.2
84.7
95.6
116.2
116.4
119.3
80.1

78.8
71.5
97.6
89.5
98.4
119.2
118.5
119.9
79.9

78.8
71.5
99.5
101.1
98.5
121.5
123. 6
122.1
82.7

79.4
71.6
101.1
104.7
99.8
125.2
127.9
120. 7
85.4

79.6
72.3
102.7
110. 9
100.8
128.6
127.8
121.8
85.8

3,022

3,092
81.0
119

3, 040
76.2
124

2,682
76.2
107

78.3
130

2,236
79.5
124

2,367
8a 8
107

3,132
78.5
101

2,710
80.4
109

2,545
80.2
110

2,498
79.7
94

2,426
88.3

145,814
3.47
105.8

5,248
3.88
86.0

48, 883
3.65
86.2

35, 363
3.65
88.6

25, 495
3.75
87.8

16, 378
3.81
84.4

72,022
3.87
86.4

66, 526
3.76

65,151
3.85
93.8

59, 523 122,325
3.84
3.82
92.4
94.7

194,866
3.96
93.6

85, 317
55,958

65, 677
49,884

61, 395
39,108

44, 374
37, 229

47, 677
37,044

59, 026
48,191

38,296
36,637

62,947
54,540

52, 763
46, 732

57, 786
48, 414

71, 700
49, 560

66,152
44, 689

26, 565
525

18, 770
504

17, 336
341

5,380
346

7,207
310

5,027
277

11, 990
383

6,495
430

9,158
395

21, 698
377

17, 273

497

214

211

172

182

180

187

185

188

186

195

197

25, 702
19,916
4,797

24, 778
19,902
3,629

20,953
20, 475
*4

21, 579
19,676
937

23,847
20,865
2,114

24,482
20,563
2,990

24, 529
21, 839
1,781

24,049
22,455
691

26,187
22, 754
2,442

25, 520
23,435
1,134

2,226
94

1,739
136

1,576
115

1,685
105

1,858
133

1,797
125

1,720
124

134

2,041
157

1,784
185

29, 585
23,436
5,380
2, 712
137

2,143
65

1,954

2,053
42

2,013
44

1,803
37

1,944
45

1,881
43

1,923
45

1,816
45

» 1, 792
51

1,851
54

1,919
54

94

57
1,704

59

60
1,025

56
941

58
1,046

73
1,164

73
992

82
1,161

91
1,535

86
992

396
221

• Eevised.
1Data for 1934 revised. See p. 56 of the May 1935 issue.
•New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures
t Revised series. See p. 55 of the April 1934 issue, construction and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue.
# Number of commodities changed from 502 to 567 beginning with month of January 1934.
cf Data revised January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 October 1934 issue.
d
Deficit.




O

INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth.
50
Ac
27,28
Accessories* a u t o m o b i l e . . . . _ . . .
55
Aavertssmg. « > . . . . . . . . — . .
21,22
Africa, United States trade with
32,33
Agricultural products, cash income received
19
from marketing* of
27,28
Agricultural Wages, loans
47
Air-conditioning equipment,. .
_.
22
Air mails— , „
Airplanes......*....
34,55
Alcohol, denatured, ethyl, methanol
34,35
48
fats, greases....
35,36
Anthradtc industr
itc industry
_
18,25,41
Apparel, wearing,'
*
24,26,53
Argentine, United States trade with; exchange;flaxaeedstock.
29,32,33,36
Asia, United State* trade with
32,33
43
Asphalt
sphlt
.
18,22,23,24,26,55
Automobiles
At
48
Babbitt metal...
38
Barley
..
46
Bathroom fixtures40
Beef and veal.
Beverages, f
B
fermented malt liquors and distilled spirits
37,38
Bituminous coal
18,26,41,42
46
Boiler and boiler fittings
31
Bonds, prices, sales, value, yields..
50
Book, publication. . .
50
Booses, paper, shipping. .
.
49
Brazil, coffee; exchange, United States trade
with
— 29,32,33,40
Brick
52
Brokers'loans.
28
Bronze....
49
Building contracts awarded
24,21
Building costs—.
—
21
' Building materials
- 20,44,45
Business activity index (Annalist).
18
Business failures.
28,29
Butter. . . . . . •-» . . « • . . . . . - - . . . . _ - . . . - - - . - 38
Canadian statistics.
56,57
Candy
44
Canal traffic
34
Capital issues.
31
Carloadings
—
18,33
Cattle and calves40
Cellulose plastic products...
37
Cement
18,23,24,26,52
Chain-store sales
22,23
Cheese...
....
—
38
•' Chile, exchange, United States trade with. 29,32,33
Cigars and cigarettes.
41
^Civil-service employees
25
*•• Clay products
19, 23, 24, 26, 52
T Clothing.
20,24,26,53
Coal
- . 18,25,41,42
Cocoa
-40
Coffee
•.--,
- - 19,20,40
Coke..

Construction*
20
i awarded, indexes.
21
21
Highways...................
26,27
Wage rates
48
Copper..
...
49
Copper wire cloth..—
36
Copra and coconut oil
39
Corn.
19
Cost-of-living index-.
Cotton, raw and manufactures
19,20,53
Cottonseed, cake and meal, oil
36
Crops...-.—
19,36,38,39,53
Dairy products.
19,20,38
Debits, bank
28
Debt, united States Government
30
Delaware, employment, pay rolls
24,26
Department-store sales and stocks.
23
- , bank
28
25
f labor
I payments
31,32
44
25,26
. 19,40
1 equipment..
47
Electric power, production, sales, revenues
18,37
Electric railways....
32
Employment:Cities and States
24
Factory..
23,24
•
. 2 5
Miscellaneous.
25
Emigration.
34
46
_„,
iction.. . . . .
Engis
21
exchange; United States trade
29,32,33
Exchange rates, foreign..
29
Expenditures, United States Government—.
31
Explosives
35
Exports
J
32,33
Factory employment, pay rolls
23,24,25,26
Failure*, commercial
28,29
Fail-child retail price index
19




Page
33
Fares, street railways
25
Farm employees
19
Farm prices, index
30
Federal Government, finance.
Federal-aid highways
21,25
Federal Reserve banks, condition of,
28
Federal Reserve member bank statistics....
28
Fertilizers
35
Fire-extinguishing equipment
55
Fire losses
21
Fish and fish oils
35,41
Flaxseed
36
Flooring, oak, maple, beech, and birch
44
Flour, wheat
39
Food products
18,21,24, 26,37
Footwear
43,51
Foreclosures, real estate
21
Foreign trade, indexes, values
32,33
Foundry equipment
47
France, exchange; United States trade with..
29,
32,33
Freight cars (equipment)
23,55
Freight carloadings, cars, indexes
33
Freight-car surplus
.
33
Fruits...
19,38
Fuel equipment
47
Fuels
41,42
Furniture
45
Gas, customers, sales, revenues
.
37
Gas and fuel oils
42
Gasoline
42
General Motors sales
55
Glass and glassware
18,23,24, 26,52
Gloves and mittens
43
Gold...
30
Goods in warehouses
.
22
Grains
19,20, 38,39
Gypsum
52
Hardwoods
44
Heels, rubber
51
Hides and skins
20,43
Hogs
41
Home loan banks, loans outstanding
21
Home Owners' Loan Corporation
„__
21
Hosiery
53
Hotels
-._ 25, 26,34
Housing
19
Illinois, employees, factory earnings
24, 26,27
Imports
33
Income-tax receipts
30
Incorporations, business
._ 22
Industrial production, indexes
18
Installment sales, New England
23
Insurance, life
29
31,32
Interest payments
28
Interest rates .
28
Investments, Federal Reserve member banks.
Iron, ore; crude; manufactures
18,45
Italy, exchange; United States trade with.. 29, 32,33
Japan, exchange; United States trade with..
29,
32,33
Kerosene
42
25
Labor turn-over, disputes
40
Lamb and mutton
40
Lard._
___
_.._
48
Lead
Leather
18,20,24, 26,43
Leather, artificial
54
Liberty bonds
.
31
Linseed oil, cake, and meal..
36
Livestock
19, 20, 39,40
Loans, agricultural, brokers', time, real estate
_
Locomotives
Looms, woolen, activity
54
Lubricating oil
42
Lumber
18, 20, 23, 25, 44,45
Lumber yards, sales, stocks
44
Machine activity, cotton, silk, wool
53,54
Machine tools, orders
48
Machinery
.
23, 25, 47,48
Magazine advertising
21
Manufacturing indexes
18
Marketings, agricultural
19
Maryland, employment, pay rolls
25,26
Massachusetts, employment, pay rolls
24,26
Meats
39,40
Metals..
18,20,23, 24, 26, 45,48
Methanol
35
Mexico:
Silver production
30
32,33
United States trade with
38
Minerals...
_.
18, 41,48
30
Money in circulation
National Industrial Recovery Act, highway
construction
21
35
Naval stores
.
Netherlands, exchange
29
New Jersey, employment, pay rolls
25,27
Newsprint
50
New York, employment, pay rolls, canal
traffic
24 25,34
31,32
New York Stock Exchange
30
Notes in circulation
39
Oats
32,33
Oceania, United States trade with
25
Ohio, employment
34
Ohio River traffic

"If

Page
Oils and fats
35,36
Oleomargarine
36
Paints
36
Paper and pulp
18,19, 24, 26,49, 50
Passenger-car sales index
22
Passengers, street railways; Pullman
33,34
Passports issued
34
Pay rolls:
Factory
25
Factory, by cities and States
26
Nonmanufacturing industries
26
Pennsylvania, employment, pay rolls
25,26
Petroleum and products
18,20,24,26,42
Pig iron
18,45
Pork
_
_
_
40
Postal buisiness
22
Postal savings
28
Poultry
19,40
Prices:
Cost of living, indexes
19
Farm indexes
19
Retail indexes
19
Wholesale indexes
20
World, foodstuffs and raw material
20
Printing
18,50
Production, industrial
18
Profits, corporation
30
Public
finance
30
Public utilities
25,32
Pullman Co
34
Pumps
48
Purchasing power of the dollar
20
Radiators
46
Radio, advertising
21
Railroads; operations, equipment, financial
statistics
33,34,55
Railways, street
33
Rayon
53
Reconstruction Finance Corporation, loans
outstanding
30
Refrigerators, household
49
Registrations, automobiles
55
Rents (housing), index
19
Retail trade:
Automobiles, new, passenger
22
Chain stores:
5-and-10 (variety)
22
Grocery
22
Department stores
23
Mail order
23
Rural general merchandise
23
Roofing
37
Rice
39
Rubber, crude; scrap; clothing; footwear;
tires
18,20,24,26,51
Rye
39
Sanitary ware
46
Savings deposits
28
Sheep and lambs
40
Shipbuilding
__
_ 18,23,24,26,56
Shoes
_
18,20,24,26,43
Silk__
_
19,20,51
Silver
18,31
Skins
._
43
Softwoods
44,45
Spain, exchange
29
Spindle activity, cotton
53
Steel, crude; manufactures
._ 18,45,46
Stockholders
32
Stock indexes, domestic and world
19
Stocks, department stores
23
Stocks, issues, prices, sales, yields
32
Stone, clay, and glass products. 18,19,23, 24, 26,52
Sugar
_
19,20,41
Sulphur
35
Sulphuric acid
35
Superphosphate
35
Tea
19,20,41
Telephones and telegraphs
34
Terneplate
47
Terra cotta
52
Textiles, miscellaneous products
54
Tile, hollow building
52
Timber
_ 44,45
Tin and terneplate
19,20,47
Tires
18,20,24,26,51
Tobacco
_
18,21,24,26,41
Tools, machine
.
48
Trade unions, employment
25
Travel
_
34
Trucks and tractors, industrial electric
56
United Kingdom, exchange; United States
trade with
_
29,32,33
Uruguay, exchange
29
United States Steel Corporation
27,32,47
Utilities
25,26,30,31,37,55
Vacuum cleaners
49
Variety-store sales index
22
Vegetable oils
35,36
Vegetables
_
_ 19,38
Wages...
_
26,27
Warehouses, space occupied
22
Waterway traffic
34
Wheat and wheat
flour
19,20,39
Wholesale prices
20
Wisconsin, employment, pay rolls
25, 26
Wood pulp
_
_
49
Wool
_ 18,54
Zinc
18,48




Volume II of the basic source of data on our foreign trade in 1934
is now ready for distribution. Volume I covering imports was issued
some months ago and is available from the source indicated below.

Foreign Commerce and Navigation
of the United States
For the Calendar Year 1934
Volume II
EXPORTS (and Summary Tables)

The following table titles indicate the scope of the data
presented in this volume
Exports of domestic merchandise, by articles and countries, 1934.
Export of domestic merchandise, by articles and customs districts, 1934.
Export trade of the United States with the world, by countries and articles, 1932-34.
Exports of foreign merchandise, by articles and countries, 1934.
Exports and imports of merchandise, by countries and customs districts, 1934.
Exports and imports of gold and silver, by countries and by customs districts, 1934.
Drawback paid on imported materials in articles exported, 1934.
Number and tonnage of vessels entered and cleared in the foreign trade, by customs
districts and countries, 1934.
Number and tonnage of vessels entered and cleared in the foreign trade, by nationalities and countries, 1934.
In-transit and transshipment trade, by countries and customs districts, 1934.
In addition to the above tables, this volume contains 21 miscellaneous and summary
tables covering a wide range of statistical data on our foreign trade
during 1934 compared with previous years

Volume II—Exports bound in buckram $2.00 a copy
Volume {I—Imports bound in buckram $1.75 a copy

Copies of these publications may be obtained from the Superintendent of Documents, Government Printing Office
Washington, D. C , or any district office of the Bureau of Foreign and Domestic Commerce
United States Department of Commerce

U. S. GOVERNMENT PRINTING OFFICE: 1 936