Full text of Survey of Current Business : July 1931
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JULY, 1931 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME II NUMBER 7 CLEARING HOUSE OF BUSINESS STATISTICS NUMBER OF AGENCBES CONTfflBUTiHQ DATA GOVERNMENT DEPARTMENTS AND BUREAUS TRADE ASSOCIATIONS AND OTHER ORGANIZATIONS TEXTILES FUELS ' AUTOMOBILES CHIDES & & RUBBER \ LEATHER PAPER 6 BUILDING 6 SURVEY OF CURRENT BUSINESS A DIGEST OF BUSINESS STATISTICS S©OO BUSINESSFROM MOVEMENTS 4.5 GOVERNMENTAL AGENCIES AND 1SO ASSOCIATIONS ANO PRIVATE FIRMS ANNUAL SUPPLEMENT WEEKLY SUPPLEMENT WEEKLY PRESS RELEASES MONTHLY IMBUSTRUL RELEASES HOWTGUSC BUSINESS STATISTICS BUSINESS PUBLIC DD6CO-> I S Volume 11 JULY, 1931 Number 7 W E E K L Y D A T A T H R O U G H J U N E 20, 1 9 3 1 MONTHLY DATA THROUGH MAY SURVEY OF CURRENT BUSINESS P U B L I S H E D BY UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON CONTENTS Page Monthly business indicators Business situation summarized Commodity prices 1931 in comparison Finance Employment Domestic trade Foreign trade Transportation Construction _ 2 3 4 6 7 8 9 10 11 12 Agriculture Iron and steel industry 13 14 Metals and metal products Automobile and rubber industries Textiles industry Food industries Forest products industry Miscellaneous industries New and revised series Weekly business statistics Monthly business statistics 15 16 17 18 19 20 21 22 23 Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year which includes the 12 monthly numbers, the annual supplement, and the 52 weekly supplements; single copies (monthly), 10 cents; annual supplement, 25 cents. Foreign subscriptions, $2.50; single copies (monthly issues), including postage, 14 cents; annual supplement, 36 cents. Make remittances only to Superintendent •of Documents, Washington, D. C., by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted 62995—31 1 SURVEY OF CURRENT BUSINESS [July, 1931 Monthly Business Indicators 1923-1925=100 INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTION 140 140 I 20 120, 100 FACTORY EMPLOYMENT FACTORY PAYROLLS 120 I25r 100 A&JL/STfD* 100 | -75 I ! I 1 I I ! I I M I I I I I I I 1 1 I I I I I I I I U I I I I I I . I I I I I I I I I 1 I M T I ° l ! I I I I I TOTAL FREIGHTtAR LOADINGS 130 CAR LOADINGS L.C.L 120 100 70^ DEPARTMENT STORE SALES ezo WHOLESALE PRICES 120 160 140 100 60 U 60 u-u- VALUE OF EXPORTS 150 ^ 100 50 ZOO VALUE OF IMPORTS 150 100 BANK DEBITS OUTSIDE NEW YORK CITY 150 BUILDING CONTRACTS AWARDED zoo 150 V 100 100 50 1927 1923 • I 9 E 9 1930 * ADJUSTMENT FOR NUMBER OF WORKING DAYS AND SEASONAL 1931 VARIATION 1927 1926 1929 1930 1931 SURVEY OF CURRENT BUSINESS July, 1931] Business Situation Summarized HE decline of slightly more than seasonal proportions in the volume of business which set in early in May continued during the rest of the month with the result that general business activity during the month, after allowing for normal seasonal changes, fell back to a level approximating that of March. The Federal Reserve Board's seasonally adjusted index of industrial production registered a relatively slight decline for the month, and showed production somewhat more than 8 per cent above that of January. A decline of more than 6 per cent in the adjusted index of mineral production accounted entirely for the drop. Among the basic manufacturing industries the only one which showed a decline greater-than-seasonal was that of iron and steel in which the adjusted index of output fell about 4 per cent. Production of automobiles, if adjusted for seasonal trend, showed no change as compared with April output. Cotton textile production continued on the April level and has shown no material change during the first half of June. Other textile industries maintained or exceeded their April activity. The adjusted index of production in the foodstuffs industry, after having virtually reached its T level of a year ago in April, fell back again last month by more than 5 per cent. One of the more unfavorable factors in the general business situation for Mavis thedrop of nearly 10 per centin contracts awarded in the building-construction industry. The decline which had characterized the industry in April in the face of a usual seasonal increase continued during May, but the first half of June showed some slight improvement. Total freight-car loadings, adjusted for normal seasonal changes, fell slightly below the April loadings, but the significant item of less-than-car-load shipments showed a slight seasonal gain over April. Department-store sales during May, if adjusted for normal seasonal changes and for variations in the month's total business days, fell more than 10 per cent below those of April but only slightly below those of March. Our foreign trade during May fell to a new monthly low level for the depression. The drop was influenced by continued price declines and, in the case of exports, by seasonal factors. Wholesale prices fell in May by 2.7 per cent, but the rate of decline was somewhat retarded during the first half of June. CB 3 T? ce 1 fl P «tn '5s ««.S °*3 eS 95 T3 9 fa f^t a |c ts 0> fi ~ g Merchandise, 1. c. 1. Total fi p fc < 03 Q> "S P •e « T3 « •a aa 9 3 < f P T3 » te 3 *t3 I < pW 'O -2 as 1 < ! « <* •w 1 ix W all i •0 Building contracts, types, value t >> SB Year and month i New si *n 1 ;iji i •d Foreign trade, value Department store sales, value Freight car loadings Banks emIndustrial produc- Factory ployment tion and pay rolls debits outside York City MONTHLY BUSINESS INDEXES Wholesale prices 124 \ 1930 1931 - 1 95.8 102.2 92,5 i i 365 89. 1 86.8 84.0 84.0 84.2 82.6 80.4 78.4 93.0 88.9 83. 1 84.9 85.3 82.6 79.3 75.2 87.5 85.7 84.3 83.3 82.8 81.5 80.1 79.0 97 98 97 106 95 66 59 62 57 54 | 57 54 65 58 56 110.0 86.6 98.4 99.5 95.6 55 57 90 82 74 77.0 75.5 74.5 73.3 71.3 73.5 70.1 70.6 70.1 67.1 77.8 77.1 75.5 74.2 73.2 110 107 99 117 I 94 60 i 120 92 58 136.0 122.6 98.0 121 99 72 96.8 91.2 74.3 105.1 96.5 70.3 93.0 88.& 75.6 109 109 101 105 98 71 * i • so 83 81 75 74 98 98 95 95 95 93 92 92 103 112 113 165 105 103 100 102 99 102 98 94 84 78 70 79 82 86 76 72 90 ! 88 87 92 86 78 78 78 78 78 68 73 75 74 72 74 74 75 77 79 82 80 SO 80 79 83 87 89 91 92 90 89 89 88 89 79 80 92 101 95 101 93 78 108 96 72 101 92 76 107 98 80 104 99 88 104 100 89 100 97 89 82 86 88 90 89 81 86 88 90 90 120 105 87 121 105 87 115 105 89 Adjusted for seasonal variation. «! !& 111 146 89 84 81 82 62 61 104 101 98 94 95 99 97 94 86 : 1 143 107 96 93 92 89 87 86 84 84 11 S 3 123.6 124.9 117.5 106.3 107.7 120.1 99.9 117.2 107 97 95 95 96 99 97 86 74 i |8 134. 4 109 94 91 83 103 100 97 96 94 98 92 94 *O 88 78 68 68 70 111 91 90 87 84 83 82 81 116 105 100 94 91 90 85 84 80 1 3 m 102 126 104 100 95 91 91 87 85 82 siB& If ££ T3 g§ 5| Monthly average 1926 = 100 Monthly average 1923-1925=100 2929: May . . 1930: May June . -. July August September _. October November _ - December 1931: January - February..- _ _ - ... March - April. . . - __ . May Monthly average, January through May: 1929 i gs 11 j i !! 2 Adjusted for number of working days. SURVEY OF CURRENT BUSINESS [July, 1931 Commodity Prices WHOLESALE PRICES AND COST OF LIVING 120 l 20 MONTHLY AVERAGl ' 1926^100 r l l 0 •• ' 1 10 X'xJ ^:J~ ^ '""j " -^^N »v, +J |QQ 00 J ^ s^ / ^ rj "N y FARM PRODUCTS sJ~>* •~v^^ ^ i . ..' 1 "-- FOODS i_i_i | -t 1" 100 •X * ~' -^, rs i 80 90 ^H -7^ \. -\'i\ ^ QTHE R rHA N FA/ ?M A!\ Of "ODDS PRQLJVC 80 V S 70 60 110 l ^,s 70 ^= vj F M A ' M j J A I9 £ 7 S 0 N D J F'MAMJJAS 9 Z8 9 e9 MONTHLY AVERSE 1 9?6 = /W inn - --- - * - u. 60 s _ \ ss , ,s s 1 1926 1929 1 iI 1 -L s 70 •I'D too **s ^ COJ^ Cf LIMN6 1 I Hi 1 90 1 1 50 j s J T W A M J . A SOJh D J F M A M1 J J A S 0 1 10 n i ,-U 7 1TAL 550 i OMMODim " K) 1931 ,7T4-H1 tm J^L 60 3 J F M A M J J A S 0 ND 1930 MONTH!"/AVERAGE 1923=100 •»••* C J'FMAMJJAS'O'N 0 N D J F M A M J J A S 0 ND S J > 70 i ! ! ; ! ! ! ! : ! J'F'M'A M j'j A - 5 O N i) J F ^ A M' J<J 'A s'o'N'D J F'MA'M'J J A 5'0 N D J F M A A1J J A 50 N ] D 1930 1931 I9Z8 1 929 j F M'A'M j j A s'o N c J F M'A'M J J A 5 0 ' N I ) 133! 1 930 INDEXES OF COMMODITY PRICES Wholesale i z* 11 ' a ^ S2 si| i_i V «i 1 g§ -1 pfl-S a«5§ a w 1 0»0 0" if S3 '•£ a J£ «j CJ 3 •dS -w « 203 Year and month SI ££ 1 •d OA 13 O o ^ 9 S? Sa o go s IV -d S 1 A y> 3 1 ' 3« 0! 1 i? i •s^ i!*S • 1o •33 ll •3* & * % : 1 ( ts "2 S S C : * i 3"^ •iS bfi .S 2 " 8M a s« 93 £ » l a§ 05 3 O & a a c€ 1 A i o i I B 1 3 1 a b£ a C8 5n G £ «5 & a A « £ 1 % T3 O O «l Mo. aver- -_- iz !1| ?ega =i 0 1 « Mo. aver- w> 1 Mo. : aver- 95.8 102. 2 97.7 92.5 106.8 94.2 81.1 105.2 96.8 94.2 96.7 79.6 95.3 95.1 96.4 153 98.9 ! 89.1 86 8 84.0 84.0 84.2 82.6 80.4 78.4 93.0 88 9 83.1 84.9 85.3 82.6 79 3 75.2 92.0 90. 5 86.3 87.1 89.2 88.6 85.7 81.8 87.5 85.7 84.3 83.3 82.8 81.5 80.1 79.0 102.6 102.4 100.7 98.9 99. 1 96. 5 94.0 91.2 84.6 82.2 80.0 77. 7 75.5 73.8 73.3 72.4 78.0 76.4 75. 4 75.4 76.3 75.1 71.8 70. 5 96.8 95.4 94.3 92.7 91.8 90.4 90.2 90.0 92.9 90.0 88.9 87.4 86.4 85.8 85.6 84.4 89.9 88.9 87.8 87.3 86.6 86.0 85.2 84.8 96.2 96.2 96.2 95.9 95.4 95. 3 95.2 91.3 77.5 74.5 71.7 71.2 69.7 68.8 67.8 66.9 87.8 84.8 81. 1 81.8 82. 1 80. 0 76. 8 74.2 83.6 82.0 79.7 78.1 76.5 75. 5 75.6 74.3 91.0 88.9 86.7 86.4 ; 86.8 85.6 i 83.7 81.9 150 148 144 144 148 144 141 137 97.2 96.5 95.2 94.7 95.4 94.8 93.9 92.6 73.5 70. 1 70.6 70.1 67.1 80.1 77.1 76.7 75.6 72.9 77.8 77. 1 75.6 74.2 73.2 88.6 86.6 87.4 87.3 87.3 71.0 70.4 69.2 67.6 63.3 69.8 69.6 64. 5 61.6 60.9 89 3 88.9 89.0 88.7 87.8 82.9 81.8 81.9 80.9 78.4 83.6 82.2 81.9 80.1 79.1 91.1 90.8 90.8 90.8 89.2 64.7 63.9 64.7 63.9 62.8 72.9 70.6 69.4 68.3 63.5 73.4 72.3 72.2 71.1 68.9 80.5 79.3 78.4 77.1 75.1 133 127 126 124 121 91.1 ! 89.6 89.1 88.2 i 86.9 i 94 105. 1 96.5 70.3 98.1 94.6 78.5 93.0 88.9 75.6 109.1 103.5 87.4 95. 7 86.9 68.9 81.2 78.4 65.3 105.2 99.7 88.7 97.5 95.0 81.2 95.3 91.5 31.4 96.6 96.6 90.5 79.9 78.3 64.0 97.6 90.5 69.5 97.2 89.4 71.6 96.4 92.2 78.1 153 99.4 i 152 98.1 ! 123 i 89. 0 ! 137 128 90 November December 1931: 77.0 January 75.5 February 74.5 March 73.3 April 71.3 May Monthly average, January through I May: 96.8 1929 91.2 1930 . _74.3 1931 CM O o age age. age ; 1909, 1913 = 1923 = to 100 11914 = 100 | 100 Monthly average, 1926=100 1929: May _ 1930: May - -. June July August September Farm 2 Retail i Department of Labor. 2 Department of Agriculture. l ! s National Industrial Conference Board. ! j 136 ! 124 123 111 108 ! ! 103 97 !! ; : in 106 90 91 91 86 SURVEY OF CURRENT BUSINESS July, 1931] Commodity Prices furnishing goods were 1.8 per cent lower in May, 1931, than in the preceding month. Rubber prices strengthened somewhat and averaged 3 per cent higher in May than in April, 1931. Prices of semimanufactured articles were 3.9 per cent lower in May than in April, while raw materials and finished products were each 2.6 per cent lower. Farm prices in the middle of May were 5.5 per cent lower than in April. The most drastic drop occurred in poultry products, 14.4 per cent. Dairy products declined 8.1 per cent between April and May, 1931, and cotton and cottonseed and meat animals were lower by 5.1 per cent and 6.6 per cent, respectively. No change was registered in price of grains. Fruits and vegetables are the only farm products whose farm prices are now higher than before the war; other groups of farm products range from 1 to 38 per cent lower. Retail prices of foods continued to decline in May, 1931, and on the 15th of the month were about 2.5 per cent lower than on the corresponding date of April. Of the 42 articles of foods on which regular quotations are received 35 declined, 3 advanced, and 4 remained unchanged between April and May, 1931. Retail prices of foods in Ma}r, 1931, were about 21 per cent higher than in 1913. declines in both wholesale commodity JL prices and retail food prices occurred between April and May. Prices of commodities at wholesale in May were only 2.1 per cent above their prewar level. They declined 2.7 per cent between April and May, one of the largest declines since the beginning of the downward movement in 1929, and exceeded only by the drop from June to July, 1930. As compared with July, 1929, the index in May, 1931, was 27.2 per cent lower. As a result of a drop of 8.8 per cent in livestock prices and declines in prices of cotton, wool, hay, eggs, and potatoes, farm products prices fell 4.3 per cent between April and May, 1931, and in the latter month averaged 6.2 per cent below 1913. Prices of grains in May remained at about their April levels. All classes of foods were lower in May than in April, 1931, and as a consequence the combined index of all foods declined 3.6 per cent; meat prices declined the most, 6.9 per cent. Due to considerable price drops in three types of building materials, the group as a whole declined 3.1 per cent. Nonferrous metals and miscellaneous products were 6.9 per cent and 1.7 per cent lower, respectively, in May than in April. Petroleum products declined 4 per cent, chemicals were 1.7 per cent lower, mixed fertilizers were nearly 1 per cent lower, while house INDEXES OF WHOLESALE PRICES, BY ECONOMIC CLASSES 120 MONTHLY AVERAGE I92B-IGO IZO i i rv i in 100 ? "•^ X' V .$ ff / * f* «*» Gran •# 0»^ ,•*" ••= x Rs W M/ I7£/?/>4/.,S tf ^^\\ f>! r Ei fTr <** p£*e ».« ..V FINISHED PRODUCTS Qf\ c ...3 1 *» ^ ^ 100 ••. ** ^ S ^5^ an >% r—4— *« V\ \^ \ % % 80 I QO •.^ ... «r r^ ••. . i"T*3 ^ ^ ^ V 1 1 ># i// ~M40 UFALT6 5W:D Af incuE5 \ *7O /U ' \ ».t 80 *a« ». •*% ^ *• X 'a. -^ v ^ ^N » 7n ^ 60 50 J I F Ml A M J J A S 0 N D J F M A M J J A 5< 0 N D J FlM A M J J A I9Z7 1928 1929 s 50 0 N D J F M A M J JIA 930 5 0 NID J F M A M J J A' S 0 N D 1931 6 SURVEY OF CURRENT BUSINESS [July, 1931 1931 in Comparison FIRSTS MONTHS BANK DEBITS o !Q3! 1930 1929 1926 1927 V/////////&& OUTSIDE NEW YORK so M M BOI loo CITY S5o 300 350 ////// /A ! , i ! i 3 - 5 7 1 ^ r \ \ ! ttt/)//////>// \ \ AUTOMOBILE 1931 1930 4 1000 2000 '// 3000 5000 ! / I FREIGHT i Q ^r\ 4000 BRH|USsm 0 IQP Q Y///////////S/A PRODUCTION (THOUSANDS OF CARS) 1926 1927 » 7 PRODUCTION (MILLIONS OF TONS) 1929 1 ^ 0 ) 6 I STEEL INOOT 0 1 CONTRACTS AWARDED (BILLIONS OF DOLLARS) 2 1931 £!S5BBd^m 1930 1929 1928 1927 1 QPA 250 1 o 1927 (B/LL10N5 OF DOLLARS) ^oo |m CONSTRUCTION 1 Q 0 — REMAINDER OF YEAR i0 CAR z0 LOADINGS 30 (M/LLIONS OF CARS) 40 50 SURVEY OF CURRENT BUSINESS July, 1931] Finance JTIVITY in the financial and security markets during May continued on virtually the same low A level which characterized conditions in April although since the beginning of June there has been some improvement. The average of stock prices in May was 10 per cent below that for April and stock sales were 14 per cent less. Although security prices showed a slight advance during the second week of the month, brokers' loans declined steadily every week and have continued downward throughout the first half of June. Since the beginning of the present month security prices have tended upward and the market has experienced several days featured by marked advances in prices and by new high daily turnovers for the year. Rates on call and time loans during May touched new low levels for the year and the call renewal rate on several days touched 1 per cent, the lowest since last September. Bond yields showed no change during May as compared with the preceding month and weekly averages of bondjprices varied only slightly from the beginning of May]: to the middle of June. New capital issues were 37 per cent less in May than in April, but the decline has no particular significance, inasmuch as bond financing has been on unusually low levels since the early part of 1930. The low level of activity during May in both general trade and the security markets is reflected in the aggregate figure for bank debits. The totals for New York City, as well as those for the country outside the large financial center, were somewhat lower in May than in April. Aggregate bank debits for New York City have declined slightly more than 30 per cent since May of last year, while the decline for the same period in debits outside New York has been slightly less than 20 per cent. Reporting member bank loans on securities, as well as commercial loans, receded somewhat during May and continued slightly downward during the first half of June. Total reserve bank credit was further liquidated during May. The New York reserve bank reduced its rediscount rate to 1% per cent, the lowest rate on record for any bank of issue. This step was followed by rate reductions by nine other reserve banks before the end of the month. The Bank of England lowered its rate from 3 to 2% per cent on May 16. In general, the tendency abroad on short-term open-market rates was downward. FINANCE Rank dAhit* Bank debits New Outside New CanYork York ada City City Year and month Reporting member banks, Wednesday closest to end Brokers' of month loans by New York Memreporting Total Total Notes ber baks "All in bank Re- Loans bills reTotal end on other" of dis- serve- cirre- serve secuinvest- month ratio count- bank cula- serve loans ments rities ed credit tion accounts R a n g e of open market money rates I j New York Condition of Federal reserve hanks, end of month Per cent Millions of dollars Prime commer- Time loans, cial 90-days paper, 4-C months MonthMilly Pei- lions average ceut of 1926= dollars 100 Per cent Millions of dollars I 1929: May 193.0: May June July August September October November December 1931: January February March April May Stock Bond New prices yields capital (404) (60) issues 50, 043 26, 520 4,128 1,068 1,360 1,672 2,288 73.3 7,112 9,090 5,798 5,288 8>2-9 6 187.8 4.69 923 37, 423 37, 690 29, 600 25, 052 27, 383 30, 781 22, 490 29, 001 24. 388 24, 648 23, 171 20, 966 21, 253 23, 693 19, 700 23, 113 3,427 3,398 3,094 3, 802 2, 967 3, 618 2,974 3,012 313 272 200 215 272 207 275 251 1,049 1,018 934 1,025 1, 103 998 1, 079 1,373 1,489 1,424 1,342 1, 374 1,379 1, 368 1, 455 1,664 2, 369 2,389 2 396 2,378 2, 467 2,418 2,373 2, 471 81.4 81.8 83 4 81.1 79.7 82.2 80.3 73.7 8,421 8,435 8,391 8,350 8. 476 8, 065 7, 768 7,814 8,416 8,572 8, 529 8, 416 8,451 8,707 8,766 8,449 5,889 4,022 3,219 3,228 3,110 3,063 2,512 2, 111 1,926 3V4-4 3M-3M 1 4.54 4.53 4 49 4.43 4.41 4.41 4. 46 4.55 864 445 402 122 285 151 138 181 . 24, 557 20, 948 27, 589 28, 821 25, 072 21, 697 17, 084 19, 421 19, 620 18, 858 2, 668 2, 535 2,570 2, 786 232 198 250 980 925 990 1,494 1,478 1, 486 157 1 937 1,535 917 1,580 2,398 82.2 2,343 83.7 2,428 82.6 2, 371 84.0 2,389 84.9 7, 379 7, 313 7, 256 7, 052 6, 867 8,374 8, 151 8, 126 7,941 7,863 4s43 4.44 4.41 4.43 4.93 400 74 69 367 169 174 6, 120 6,291 6, 338 6, 454 6, 731 6,800 6,693 6,843 7, 183 7, 551 7, 903 7,807 1,734 1, 798 1,875 1,730 1,539 2 /2-3M 21-2-3 3*4-3% 3 -31/? 3 3 3 2-K-3 2%-3 170. 5 152. 8 149.3 147.6 148.8 127. 6 116. 7 109.4 1M-2H 3 2M-3 21^-2% VA 2iA-2y2 2 -2M 112.3 119.8 121.6 109.2 98.0 2^4-2% 2Y2-2H 2l4-2% 2 -2J4 2 -2>£ ! 4-2 2 -2*4 1M-2M li o-2 8 SURVEY OF CURRENT BUSINESS [July, 1931 Employment FACTORY employment during May declined less than the usual seasonal amount so that the seasonally adjusted index of the Federal Reserve Board advanced slightly, and the volume of factory pay rolls also decreased from the April total. Both employment and pay rolls of the mining and manufacturing industries continued substantially below the levels of last year. Increases in the seasonally adjusted employment indexes were recorded during May by the textiles, food, paper and printing, automobile, leather, cement, clay and glass, nonferrous metals, chemicals, petroleum, and rubber products industries. The iron and steel and machinery groups recorded decreased employment, while the lumber and tobacco industries reported the same level of employment as in April. Decreases during May in actual number of employees were recorded by the iron and steel, machinery, textiles, leather, nonferrous metals, and chemicals groups. Increases during the month of May in actual number of employees were recorded by the food, lumber, automobiles, petroleum, rubber products, tobacco manufactures, and the cement, clay, and glass groups. A seasonal decline in employment and volume of pay rolls was witnessed by retail trade during May, although the decline in employment from April was less than that recorded for the same period last year. The average number of emplcr^ees in retail trade during the first five months of the year was 7 per cent under the same period of last year, while pay rolls averaged 9 per cent under last year. Both employment and pay rolls of power, light, and water companies increased during May as compared with April. The index of employment increased by 0.5 per cent, while pay rolls increased by 1.1 per cent. Both increases are seasonal in nature. On the other hand, employment in telephone and telegraph companies declined by 0.8 per cent, and pay rolls declined 0.9 per cent. A slight increase in employment is usually recorded from April to May by these utilities. The proportion of trade-union members employed during May was the same as in April, but was 5 per cent under May, 1930, and 14 per cent under 1929. The low point in employment of trade-union members was recorded in January and February. An increase of 2 cents per hour was reported in the wages of common labor in road building during May, bringing the average rate to 37 cents. The average hourly-wage rate for this type of labor for the first five months of the year was 4 cents below that during the same period in 1930 and 2 cents under 1929. INDEXES OF EMPLOYMENT, PAY ROLLS AND WAGES ! Year ant! month Factory employment F. R. B. F. It. B. factory 1 P ?7 rolls, UK adAd- II n ad- justed justed' justed j Bituminous coal mining Employment Pay rolls Anthracite mining Employment Monthly average, 1923-1925=100 1929: May 1930: May June _ - ... July August September... October November December 1931: January . Februarv March \pril May Monthly average, January through May; 1929 ... 1930 1931 1 i Pay rolls Employment Pay rolls Telephone and telegraph Employment Pay rolls Retail trade Ein- rioy- ment Employment agencies, appliPay 1 cants per rolls 100 jobs Number Monthly average, 1929=100 Employ- Wages, comment, mon trade- labor in union road membuildbers ing Per cent Cents of total members per horn 102. 4 101.9 111.4 9o. 6 91.9 103. 7 99.0 98.4 98. 1 100. 4 99.4 97.3 97.1 126 89.0 40 91.4 89.7 86 6 84.4 83.4 82 2 81. 1 80.1 90.9 88.8 85 5 85. I 80. 4 84.3 81.0 78.8 94. 5 90. 7 82.6 81.7 83. 0 80.8 75. 1 73!" 90.4 88.4 88.0 89.2 90. 5 91.8 92. 5 92.5 77. 5 75. 6 68. 9 71.1 74.9 79.4 79.1 77. 7 93.8 90. 8 91. 6 80. 2 93.8 99. 0 97.2 99. 1 98. 8 94.3 84.0 78.8 91. 6 117.2 98.0 100. 0 103. 4 104. 6 105. 9 106. 4 105. 2 104.8 103. 4 103. 2 104. 5 107.8 106.7 106. 6 106. 1 105. 6 103. 7 106. 3 99.7 99.8 100. 0 98.8 9i. 8 94.5 93. 0 91. 6 103.2 103. 4 106. 6 102. 5 102. 2 100.9 97.9 101.3 96. 7 93.9 89. 0 85 6 92. 0 9x 5 98. 4 115.1 97.3 96. 8 91.7 87.6 92.4 95.1 96. 8 107.7 164 186 198 177 170 193 227 218 80.0 80.0 78.0 78.0 79.0 79.0 78.0 77.0 40 40 40 39 40 78.3 77. 8 77. 9 78.0 77.8 76.4 77. 3 78.1 77.9 77. 1 1 68. 4 73.2 74.9 73.fi 72.1 93. 9 91. 5 88.8 85.9 84.2 73.3 68.3 65. 2 58.6 54.4 90. 6 89. 5 82. 0 85. 2 80.3 89.3 101. 9 71.3 75. 2 76.1 99 2 97.8 96. 7 97. 1 97.6 98.6 99.7 102. 4 97.6 98.7 90. 5 89. 2 88 6 88. 1 87.4 96. 3 94.8 97.9 95.0 94.1 90.0 87. 1 87.8 90. 1 89.9 89.4 86. 7 87. 5 88.3 88.0 224 202 179 73.0 73.0 74.0 75.0 75.0 36 36 37 35 37 108. 5 96. 4 72.4 103. 5 97. 7 83.5 102. 5 89.8 64.0 102. 8 93. 9 85.5 100.2 95. 9 82.8 94.5 100. 4 97.7 9o. 6 90. 2 89.0 96. 5 97.2 88.0 141 182 86. 6 79.2 74.0 38 40 38 101. 0 93.2 78.0 100. 5 92 6 77'. 4 Adjusted for seasonal variations. Power, light, and water 94. 3 | 101.9 99.4 96.9 100.0 88.8 i 96.8 103. 9 | 95.6 38 37 9 SURVEY OF CURRENT BUSINESS July, 1931] Domestic Trade selected commercial cities showed a seasonal decline from April to May, and continued below the level of the corresponding period last year. Commercial failures in each of the months since month last year, according to the adjusted index of the Federal Reserve Board, which takes into account January has shown a marked decrease in the excess the seasonal variation in demand and the number of of failures over the same month in 1930. January business days in the month. The average of sales for established a new high record of 3,316 and although the first five months of the year was 7.5 per cent less the number for May was above the 2,000 mark, the than in 1930. Stocks of goods in department stores, increase over a year ago was only 69. The total of according to the seasonally adjusted index of the liabilities in May was below that of the same month last Federal Reserve Board, were the same at the end of year, but somewhat above the preceding month. The May as for April, after showing a gradual decline dur- increases in failures over May a year ago were largely ing the first quarter of the year. The unadjusted among manufacturers and small retail dealers, while index of these stocks showed a slight increase during the group of agents and brokers showed a decline. Liabilities of both the manufacturers and of the agents May. Five and ten cent store sales during May, adjusted and brokers were less than in May, 1930, but the for seasonal variation, showed little change from the traders and merchants showed an increase. The preceding month, but were slightly below the volume number and liabilities of large failures during May in the same month of last year. The sales volume of were less than in the same month last year. these stores during the first five months of the year Advertising lineage in magazines showed a seasonal was slightly higher than in the corresponding period decline in May, and was 22 per cent below the volume of either of the two preceding years. of the same month last year. Newspaper advertising Mail-order sales, after an unusually large increase showed little change from the preceding month, but from March to April, amounting to 21 per cent, de- was 12 per cent less than in the same month of last clined from April to May. Postal receipts m 50 year. EPARTMENT-STORE sales during May, measured by dollar volume, were 10 per cent less than in the D preceding month and 9 per cent less than in the same DOMESTIC TRADE Departmentstore sales Freight car Five-and-teiiDepartment- loadings, mercent-store store stocks chandise,!, c.l. sales Unad- AdUnad- Adjust- just- ! just- justed 2 ed i ed 2 ed i Year and month Unad- Adjusted justed * Unad- Adjusted justed * Thousands of dollars Monthly average, 1923-1925=100 1929' May 1930: May June... _ _ July August September _ October November ... _ December. _ . . 1931: January February M arch At>ril May Monthly average, January through May: 1929 1930 1931_ ... ... . 1 62995—31- Commercial business failures Postal Mailorder I receipts, 50 sesales, 2 lected houses cities Failures ! Advertising lineage Money orders, value, Liabil- Maga- News- paid ities zine paper ThouThou- MilNum- Thousands of lions of sands of ber ofsands dolls. lines linos of dolls. 109 109 101 99 107 104 166 172 55, 006 32, 448 1,897 3, 113 113 90, 363 105 98 71 98 93 87 87 95 101 104 85 £6 66 94 91 91 92 92 91 101 98 94 95 99 97 94 86 98 103 112 113 165 105 103 100 102 99 102 98 94 1.62 141 138 U6 147 168 159 293 174 160 152 163 156 151 158 153 59, 3,50 54, 356 48, 790 50, 682 54, 419 68, 878 55, 713 72, 486 31,370 27, 956 26, 761 25, 876 28, 764 32, 279 28, 379 38, 572 2, 179 55, 541 3, 055 2,752 2,026 63, 131 2,028 39, 826 1,986 49,181 ! 1, 658 1,913 1,963 46, 947 1 2, 145 2,124 56, 297 2, 490 2,031 55, 261 2,488 2,525 83, 683 2, 265 100 89 72 70 89 98 89 82 87, 661 82, 691 81, 800 77, 670 79, 174 90, 647 79, 934 91,923 79 SO 92 101 85 97 98 97 106 S5 78 81 87 85 87 88 h6 84 83 83 83 87 89 91 £2 124 90 89 127 144 89 88 1 1 6 0 89 155 161 163 159 168 167 41, 459 39, 422 43, 008 52, 078 50, 070 29, 172 26, 405 30, 178 29, 257 27, 844 3,315 2,563 2, 604 2,386 2, 248 94, 608 59, 608 60, S87 50, 868 53,371 1, 585 1, 992 2,203 2,421 2,375 76 72 90 89 88 78, 273 70, 935 81,747 90, 646 81.956 ICO 97 89 110 107 99 98 96 84 99 97 to 104 99 SB 159 163 184 51, 567 51, 471 45, 207 32, 157 31, 629 28,571 2,081 40, 151 2, 3^9 54, 791 2,623 63, 768 2, 763 2,634 2,115 104 94 83 87, 053 86, 214 80, 711 Corrected to average daily sales. • s 95 95 93 92 92 104 100 89 140 142 142 2 Adjusted for seasonal variation. 41,216 10 SURVEY OF CURRENT BUSINESS [July, 1931 Foreign Trade A I/THOUGH the value of United States foreign trade -/JL in May, 1931, fell to the lowest level in recent years, the percentage decline in exports from the month immediately preceding was only slightly greater and that in imports slightly less than the usual seasonal variation. The drop in exports during May, 1931, was 5 per cent and the fall in imports was only 3 per cent. Average daily exports amounted to $6,600,000 and imports to $5.800,000. The net merchandise export balance for the month totaled $23,000,000. As compared with the corresponding period of 1930, the dollar value of both exports and imports in May, 1931, showed a drop of about 36 per cent, a slightly smaller decline than occurred in the four opening months of the year. Commodity prices continued at a low level and were responsible for a substantial part of the decrease in dollar value. For example, average unit export prices of leading commodities declined from May, 1930, to May, 1931, as follows: Raw cotton, from 16.5 cents to 10.6 cents per pound; copper, from 14.7 cents to 10.1 cents per pound; wheat, from $1.09 to 73 cents per bushel; wheat flour, from $5.69 to $3.54 per barrel; and gasoline, from $4.11 to $2.62 per barrel. In quantity, cotton exports showed an increase of 55 per cent over May, 1930; wheat, a gain of 18 per cent; while gasoline shipments decreased only 3 per cent. Automobile exports were less than onehalf as large as in May, 1930, and machinery exports showed a substantial falling off as compared with the relatively high figures of that period. In our import, trade, unit prices per pound of 14.1 cents for crude rubber, 14.3 cents for coffee, 13.6 cents for copper, and $4.30 for raw silk in May, 1930, had fallen to 7.4 cents, 9.5 cents, 8.9 cents, and $2.39, respectively, in May, 1931. Quantity purchases of crude rubber and copper fell off 17 per cent and 25 per cent, respectively, but those of coffee increased 55 per cent and raw-silk imports were more than twice as great as in May, 1930. For the period, January through May, 1931, the dollar value of exports, as well as of imports, fell 37 per cent lower than in the corresponding period of 1930. Of total United States merchandise, exports, finished manufactures constituted 50 per cent, while in the corresponding period of last year they amounted to 54 per cent. Relatively large reductions in shipments of automobiles and machinery, and the drop in value of gasoline owing to smaller shipments at low prices, were leading factors in the decline. FOREIGN TRADE 1 Ex- ports, includ- Year and month Exports of United States merchandise Crude materials Foodstuffs General imports i Finished manufactures Fin- 1 SemiAutoCrude FoodmoFruits UMltlma- stuffs reexMa- biles, Gaso- Total terials Wheat Meats and ufacRaw ports * Total cot- Total and and prep- tures Total chin- parts, line ' and ton flour fats araery 1 | tions acces;| II sories I ! i ing 1 : Millions of dollars 385.0 57.4 32.6 57.1 18.2 18.1 7.2 59.8 202.7 48.1 43.1 22.5 400.1 141.7 88.9 • 85.9 ' 83. 320 0 294.7 266. 8 297.8 312.2 326. 0 289. 0 274.9 40 7 37.5 36.6 53. 1 93.7 104.8 90.9 76.7 19.0 15. 7 14.8 27.6 62.8 64.9 59.3 47.2 42.8 40.7 40.7 52.5 46.0 47.3 45.6 40.5 11.7 13.2 16.4 24.0 18.4 11.4 14.7 13.0 12. 1 12. 1 9.9 4.9 7.8 6.3 11.0 9.8 7. 7 9.2 17.1 17.5 15. 1 49.9 47.2 39,9 40.8 37.2 38.0 33.1 33.9 179.0 164.9 144.7 147.4 130.8 132.7 115.8 119.7 49.8 42.4 37.8 34.1 33.6 30.8 33.2 36.1 29.2 21.0 17.4 17.0 16.4 14.5 14.1 15.3 20.2 27.0 22.5 25.6 16.5 21.9 12.4 13.7 284. 7 250.3 220.6 218.4 226.4 247.4 203.6 208.6 86.6 76.7 69.6 72.6 75.4 77.5 59.2 69. 1 76.3 60.2 49.0 43.8 48.2 56.1 48.4 52.3 53.4 51.6 44. 7 44.1 41. 0 45.5 38.3 38. 1 68. 61. 57. 57. 61. 69. 57. 49. 249.6 224. 3 235.9 214.9 204 0 58.6 47.7 56 5 40.0 36 5 31.2 25.4 36 0 22.9 18 9 35.5 29.5 33.0 28.2 29 4 3.2 3.9 4.9 12.2 10.6 10.1 5.7 7.4 10.7 8.9 10.7 8.5 7 8 6.4 6.5 34.5 27.5 31.4 30.6 29 9 117.1 116.1 110.3 111.1 103,5 37.7 44.0 29.4 31. 1 26 6 14.4 16.1 18.5 18.0 14.2 13.8 10.6 8.4 10.7 12.5 183.1 174.9 210.2 185.7 180. 2 59.4 56.4 64. 0 54.7 54.7 42. 1 46.1 56. 6 51.9 49.6 36.9 31.5 39.8 33.4 30.4 Cumulative, January through May: 2, 229. 9 1929 1, <81.0 1930 1931 1. 128. 9 428. 0 335.2 239.3 288.9 204.5 134.4 316.0 227.9 155.6 63.4 60.0 25.1 88.0 75.7 49.1 56.8 33.1 43.3 320.8 1,127.0 243.0 943.2 154.2 557. 6 255.1 270.1 168.8 288.2 161.7 81.1 103.0 1,933.0 111.5 1,485.6 55.7 934.2 707.4 501.4 289.6 443.6 336.2 246.0 1929: May 1930: May June _- _ July August September October November December 1931: January February March April May 1 _ _ _ _ _ 9.8 Reexports of foreign merchandise during May, 1931, were $4,747,000. 5.0 4.9 i • ! ! < I ; i I i i i 44. 41. 49. 45. 45. 379. 1 ; 402. 304.9 i 343. 171.9 i 226. 11 SURVEY OF CURRENT BUSINESS J u l y , 1931] Transportation carload lots during the first five months of 1931, was 11 per cent under the average for the same period in 1930 and 15 per cent under 1929. Decreased movement of freight has naturally been although a slight increase is normally expected during this period. The Federal Reserve Board's adjusted reflected in an increased number of surplus freight index of total cars loaded fell from 80 in April to 79 cars. While the number of idle freight cars gradually in May, while the unadjusted index increased two decreased during the first four months of the year, May points. Loadings during May were 19 per cent under witnessed an upward turn. The average number of May, 1930, and 28 per cent under May, 1929. The idle cars during May was 2 per cent greater than in average monthly loadings for the first five months of April and 39 per cent greater than reported for May the current year were 18 per cent under the same last year. The peak in the number of surplus cars in the present depression was recorded in December, period in 1930 and 25 per cent under 1929. Average weekly merchandise loadings in less than 1930. Dividend payments of steam railroads during May carload lots during May decreased by almost 3 per cent as compared with the April loadings, whereas totaled $32,500,000 compared with $38,100,000 in a slight increase is normal for this period. Loadings April and $36,600,000 in May last year. of merchandise during May were 9 per cent under May, The material curtailment in the movement of com1930, and 15 per cent under 1929. Coal and coke, modities is also reflected in the data on canal and river forest products and ore were the only commodity traffic. With the breaking up of the ice, the volume of groups recording an increase in average weekly load- freight moving through the canals was materially inings as compared with the April loadings. The aver- creased during May, although the volume was subage monthly merchandise movement in less than stantiallv under May last vear. ISTRIBUTION of commodities during May, as reflected by the average weekly total freight-car D loadings, was of smaller proportions than during April, i- JSl 1*1 w.2 w j^- Monthly average, 1923-1925=100 3929: May 1930: Mav June July August. _ September October November December 1931: January February March April May Monthly average, January through May: 1929 1930 1931 1 42 Is -~. £ I I | V. i J! ! Sj* 109 96 93 92 97 95 95 96 99 84 84 6 4 82 80 80 80 79 4 5 7 9 5, 1S2 1,286 190 ,» 836 4, 51*3 3,719 3, 556 4, 670 3, 725 3,818 4. 127 2, 7S4 1,210 667 899 1,179 944 C66 1,133 820 1S8 166 233 304 189 163 190 143 117 86 80 106 108 129 140 94 740 579 557 769 638 733 852 638 265 199 160 207 162 159 174 121 255 250 245 284 195 154 92 22 3, 491 2,836 2, 940 2,9£6 3,736 997 842 886 8S9 1, 097 1S6 165 153 151 180 124 88 79 85 106 817 584 555 486 611 156 138 138 130 165 26 22 23 29 80 343 Sault i New Ste. York ! Marie State i | Thous. of dollars Thousands of cars i 107 I?86 ft •d ^ 1 Ss 1 18 £ '3 357 30, 400 ! 13,930 1,819 1.472 1,382 1,821 1, 490 1,514 1,546 946 442 465 455 432 394 403 580 707 36, 000 40, 100 54, 000 36, 900 29, 900 44, 000 38, 500 39, 000 1,175 997 1,105 1, 206 1,4£8 647 651 622 603 616 55, 600 44, 900 45, 500 38, 100 32, 500 11,320 12,650 12,367 11,267 10,347 9,094 5, 130 312 101 92 76 4, 2(55 3.816 3, 1S8 1.108 1, C59 944 184 176 169 116 109 86 814 730 611 283 238 145 120 84 36 1.641 1,502 1,196 Data for January, May, August, and November are for 5 weeks, other months, 4 weeks. 244 434 628 i | ! ! i | : ! i 0 ; 0 0 ; 922 ! ! 4,335 Mississippi (Govt. owned barges) Thous. of Thous. of long tons net tons 393 201 124 1,206 2,851 402 416 563 457 458 608 390 0 214 208 220 247 245 230 225 225 125 140 84 70 114 103 83 108 1, 116 1,062 1,221 1,022 1,040 1,133 1,009 953 3,112 2, 822 3,371 3,359 3,C60 2,651 2,501 1,691 0 0 0 234 166 163 2C3 217 76 70 83 82 86 958 864 910 929 1,843 1,695 1,773 2,092 2,525 91 143 159 180 197 121 90 1,197 1,153 2,319 2,439 1,986 ; I 107 98 80 Cape Cod Thousands of short tons 223 2,042 River Canals Ocean traffic, clearances, American ports Ad- Unadjusted j justed | 13 ho Canal and river traffic Panama Canal traffic, both directions F. R. B. Year and month Dividend payments, steam railways Freight-car loadings Freight-car surplus TRANSPORTATION 37, 400 1 3,667 ! 2,346 j 45, 540 43, 320 1 051 ' | 79 12 SURVEY OF CURRENT BUSINESS [July, 1931 Construction ONSTRUCTION; showing the usual seasonal tendency, was less active in May than in April. C The number of square feet and value of all types of contracts awarded were 1.1 per cent and 9.2 per cent, respectively, smaller than in April, and, as compared with a year ago, were 27 and 33 per cent smaller. During the first five months of the year the number of square feet of floor space in contracts awarded and the value were each 28 per cent less than in the corresponding period of 1930. Residential construction which continues to be in small volume declined from April to May. Although the number of square feet and value of contracts awarded for this type of construction were only moderately smaller during the first five months of 1931 than in the corresponding period of 1930, they were 50 and 54 per cent less than in the first five months of 1929. The value of contracts awarded during May for public works and utilities was considerably smaller than in April and 28 per cent less than in the same month of 1930. For the first five months the value was only 2.8 per cent less than in 1929. Production of cement, which is ordinarily larger in May than in April, increased for the third consecutive month and was 25 per cent greater than in April. Shipments of maple flooring increased for the fifth consecutive month and were 2.8 per cent larger in May than in April. New orders for fabricated structural steel, after increasing sharply from March to April, declined in May to only slightly above the low point reached in November, 1930. Construction costs, as indicated by the prices of structural steel shapes, cement, lumber, and the rates paid common labor, have declined almost continuously since December, 1929, and in May were 0.8 per cent less than in the same month of 1930. The declining tendency of building material prices for frame and brick houses was halted, at least temporarily, in May. BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE Building contracts awarded Building materials Building material prices Long-term real-estate bonds Real- Maple Year and month F. B. B. index All types of (value construction unadjusted) Residential building JSS& _ MilMonthly MilMilaverage lions of lions of square 1923feet feet 1925-100 1929: May 1930: May___ June July August September October November . December 1931: January February Marcfe April May . . Monthly average, January, through May: 1929 _ 1930 1931 Public works and utilities Fabricated Comr , moil rnentstructural brjck steel Frame! Brick house house Thou- & I Thou- Millions of feet ket activitydeeds To finance Total Kec. New Shiporders ments Thou- ThouSa short°f Snoit of board sands meas- barrels ure Mi] _ liins of tons i hrirk Dnck new con- struction Month-j First of month month- erage I Thousands of dollars ly average 1913 = 100 1926= ! 100 88.6 22, 868 8,720 73.5 66.7 69.8 69.6 66.8 74.0 64.6 68.9 ; 3,813 11,093 16, 425 1,938 13, 890 6, 635 9, 965 29, 877 88 6, 648 10, 725 300 1,475 1,210 1, 595 530 194. 5 196.6 194.5 191. 6 189.3 66. 0 66. 7 61.7 62.0 61.3 4, 520 3,590 2,015 7, 235 9, 485 2,850 1,500 1,000 1,700 0 181 ; 207.2 180 - 207.1 169 193.3 86.1 73.3 63.5 41, 625 16, 250 5,369 13, 497 6, 735 1,410 143 81.2 588 40.3 192.0 764 167.9 6,674 16, 151 321 i 121.6 177 182 | 205.2 ill 146 89 84 81 82 62 61 53. 7 48.2 44.6 39.8 41.2 39. 5 33.1 29.1 457 €01 367 347 332 337 254 249 23.5 20.8 18.2 16.8 19.7 22.3 18.8 14.7 116.6 96.8 84.3 82.7 98. 5 104.7 80.8 70.9 1,099 1, G07 946 1, 297 1,484 339 468 697 152. 1 322.8 121.2 126. 7 109.1 113.0 76.4 78.6 4, 669 3, 956 4, 625 4,416 3, 331 2,886 2, 554 1,811 17, 249 17, 239 17,078 17,821 16, 124 14,410 11,098 8,480 279 254 270 252 156 209 151 153 i 98.8 ; 123.7 ': 82.4 i 105. 5 115.3 ! 103.4 ! 103.5 | 33.5 177 175 173 169 168 171 165 168 181 1T9 177 175 174 176 172 174 55 57 90 82 74 24.6 28.3 38.0 39.4 38.9 228 235 370 337 306 12.2 16.6 22 1 22. 6 21.9 54.4 77.9 100.9 95.9 88.9 393 246 522 785 387 95.2 78.6 151. 7 133. 0 108.9 2, 351 2, 676 3,017 3,226 3,315 6, 595 5, 920 8, 245 11,245 14, 006 162 158 184 294 153 i 19.7 i 19.8 i 29.3 | 31.3 ! 28. 7 163 165 163 157 160 170 ! 171 i 170 167 167 121 99 I 72 I 71.3 47.0 33.8 496 407 295 38.1 182.7 96.5 83.6 875 1,434 467 116. 8 140.7 113.5 6, 151 3, 924 2,917 11,655 11,731 9,202 231 i 134.6 193 85.7 190 ; 25.8 176 177 162 ! 205.9 203.4 !, 201.0 :: 201.0 : i 199.6 i : 198.7 ' 198. 5 i 196.9 ; tt! 1 13 SURVEY OF CURRENT BUSINESS July, 1931] Agriculture HE physical movement of animal products into wholesale channels during May, as represented by the combined index shown in the table, recorded the usual sharp increase over the month of April, but was about the same as in the corresponding month of each of the two preceding years. Marketings of animal products have shown seasonal increases for each of the months since February, at which time a marked decrease in livestock shipments is usually recorded. The monthly average of these marketings for the first five months of the year was 96.8 (monthly average 1923-1925 = 100) compared with 97.3 and 94.5 in the corresponding periods of 1930 and 1929, respectively. Crop movements during May, according to the combined index of that group, were somewhat larger than in the same month of either of the two preceding years. The increase from April to May amounted to 16 per cent; an increase was made during that period in each of the five preceding years except in 1929, at which time there was a decline of nearly 10 per cent, while in 1928 there was an increase of about 24 per cent. All of the crop groups except cotton showed increased receipts during May compared with the preceding month. Grains and fruits moved in larger volumes T during May than in the same month last year, while vegetables and cotton made small decrease. Increased vegetable receipts during May were due to the new crops of white potatoes, tomatoes, onions, and cabbage; sweetpotatoes and celery showed declines. Peaches and watermelons appeared in the receipts of fresh fruits during May for the first time this year. Shipments of cantaloupes increased from 1 car in April to 470 in May. Strawberries and citrus fruits showed gains; apples declined and pears made no change. The Department of Agriculture's crop report as of June 1 indicated that crop prospects throughout the country were below average. A winter-wheat crop somewhat larger than last year was indicated despite an estimated loss during May, while the condition of spring wheat was the lowest percentage of normal ever reported on June 1. A good supply of fruit was forecast. Supplies of farm products, as indicated by the visible stocks in storage at the end of May, were much larger than a year ago for wheat and cotton, while some increase was shown for stored meats. Wheat stocks recorded an increase over April, while meats arid cotton showed decreases. AGRICULTURE Indexes of marketing Animal products Year and month Combined index Wool Livestock Indexes of stocks, end of month Crops Poultry Dairy and eggs products Fish Combined index Grains Vegetables Fruits Cotton Wheat, visible Meats, Cotton, supply, cold- United United storage States States Monthly average, 1923-1925=100 1929: May 1930: Mav June July _. . . August September October November December... ._ 1931: January February March ... _ April May Monthly average, January through May: 1929 1930 1931 108.9 121.4 84.2 111.0 133.6 161.2 54.6 53.0 118.2 110.7 26.8 166. 8 124.8 88.4 109.8 116.7 111.8 91.4 91.2 93. 7 88.5 97.8 142.7 412.5 545.1 360. 5 30.9 79.1 34.5 57.1 81.2 79.2 76.6 76.5 93.9 108.0 88.0 92.9 138.2 112.0 90.6 71.6 78.2 79.2 121.6 137. 8 134.6 148.9 131.5 94.6 86.3 82.2 77.8 92.7 192.0 185. 2 233. 3 202.0 229. 1 172.0 146. 2 98.9 54.3 48.7 93.3 122. 5 175. 5 212. 1 148.8 105.8 56.1 58.5 177.5 180. 5 139.0 82.6 72.3 79.8 138. 5 151. 0 113.4 81.9 138.8 168. 4 89.6 79.4 71.9 57.8 122.4 133.1 164. 3 249. 0 109.0 67. 1 29.0 14.0 5.8 77.7 219. 3 327.5 240. 6 144.9 203.8 187.3 275.3 331.7 364. 1 349. 8 344.8 333.3 99. 1 100, 1 97.0 82.2 68.1 55. 7 62.3 76.9 129. 5 118. 7 108. 0 119.0 165. 3 236. 6 205. 0 236. 9 94.7 85.5 94.0 101.2 108.4 25.3 50.8 fil.9 78.2 197.1 98.2 79.8 79.6 82.6 80.2 95.0 94.0 121.8 137.0 130.6 96.4 91.3 102.9 113.1 133.0 103.4 116. 2 169. 4 174.3 160.5 74.3 64.9 64.4 53. 1 61.6 81.0 84.6 80.0 63.9 70.0 93.0 91. 1 104.3 93. 3 135.6 70.2 68. 1 75. 1 70.6 102.2 64.0 40.6 38.6 29.8 26.5 335.8 343.7 352. 7 339. 8 336.4 100. 1 114.0 111.8 114.8 110.8 255. 0 235. 7 216. 0 190.9 179.6 94.5 97.3 96.8 52.3 67.2 82.7 85.7 84.8 83.7 100.0 114.8 115.7 103.3 103.9 107.3 141.3 175. 2 144.8 71.9 60.5 63.7 77.2 67.3 75.9 102.8 103.2 104.5 84.9 57.8 77.2 57.7 45.3 39.9 203.3 251. 6 341.7 129. 6 105. 1 110.3 129. 5 lr,9. 8 216.6 14 SURVEY OF CURRENT BUSINESS [July, 1931 Iron and Steel Industry URTHER slackening in operations occurred in the F iron and steel industry during May. The decline was more than seasonal, and the adjusted index of the Federal Reserve Board dropped 4 per cent below the preceding month and 35 per cent below a year ago. Employment in the industry was less than in April, the adjusted index declining 2.2 per cent to a point 19 per cent below May, 1930. Pay rolls continued to decline, and in May the unadjusted index was 6 per cent below April and 32 per cent below May, 1930. Pig-iron production in May was smaller than in the two preceding months and the daily rate of output declined for the first time this year. May production was 38 per cent below last year, which is the same percentage of decline as for the first five months. Operations in the pig-iron industry were estimated at slightly less than 45 per cent of capacity. Furnaces in blast were 105, a net loss of 8 from April and representing only one-third of the 314 furnaces available. Steel ingot production continued to decline gradually and during May the output was 8 per cent below April, and 37 per cent below May, 1930. A decline in production is usual in May, but the percentage drop this year was larger than in any May since 1924. In the first five months of 1931, production was 35 per cent less than in the corresponding period last year. The steel industry operated at 45 per cent of capacity in May as compared with 49 per cent in April and 74 per cent in May last year. The decline in activity was unchecked in June and recently operations dropped to 35 per cent of capacity. Unfilled orders of the United States Steel Corporation at the end of May were 7 per cent below the preceding month and 11 per cent below a year ago, the decline being in line with seasonal expectations for the month. Prices have continued to display weakness during recent weeks. The composite iron and steel price was slightly lower in May than in the preceding month and a further decline in June carried the weekly average to $30.99 per ton. Prices of steel billets also declined in May following several months of stability. The decline in the composite price of steel scrap continued, and the average for May was about 28 per cent below last year. IRON AND STEEL General operations Year and month Rate of I opera- EmF. R. B. tions, ployindex electric ment (adenergy adjusted) consump- justed' tion Fabricated Steel ingots structural Prices steel United States Steel Manga-' Pigiron Corpo- nese (ore ration, proconSteel ducStrucPay tent), billets, New Ship- unfilled rolls Ex- Im- tion ProIron and tural orders imports Besseducormer steel steel unad- II ports ports Pei- ders ments end of tion month justed!! beams (Pittscent burgh) of capacIron and i Composite finished steel ity 1929: May.. 1930: May June _ July August September October November December 1931: January February March April MayMonthly average, J anuary through May: 1929 1930 1931 1 Thousands of long tons Dolls, per long ton Dolls, per 100 pounds 145 172.2 99.5 111.6 262 54 3,898 5, 286 100 321 289 4,304 28 1 36. 00 37.10 110 109 93 92 85 74 65 59 135.1 115.2 109.7 112.0 110.3 126.0 106. 5 110.2 91.6 90.0 87.3 83.9 81. 7 81. 3 80.2 79. 1 95.5 90.8 78.6 77.5 75.4 75.8 68.9 66. 7 196 159 132 151 131 132 112 102 46 35 32 27 30 30 35 24 3,233 2,934 2,640 2,524 2, 277 2,165 1,867 1, 666 3,983 3, 419 2, 922 3, 061 2,840 2, 693 2,212 1, 980 74 68 56 59 55 £0 44 38 279 254 270 25? 156 209 151 153 265 280 275 I 262 243 239 195 168 4.059 3,968 4.022 3, 5?:0 3,424 3,482 3, 640 3, 944 30 31 16 I 8 22 18 1 10 ! 29 32.50 31.00 31.00 31.00 31.00 31.00 31.00 30. 60 33. 84 33.53 33. 25 33. 01 32.67 32. 31 31.95 31. 76 04 73 78 75 72 103.4 116. 5 119.4 108.1 106.8 77 5 75.9 76.6 76. 5 74.8 62. 4 ! i 93 67.5 i 91 70.0 110 69. 1 101 64.9 91 32 21 31 39 28 1,714 2.459 1,707 ! 2,502 2,032 2, 994 2, 020 2,722 1,994 2,505 43 49 54 49 45 162 158 184 293 153 172 166 151 158 148 4, 132 3, 965 3, 995 3,898 3,620 17 10 2 33 21 i 30.00 30.00 30.00 30.00 29. 50 I 31.70 31.65 31.66 31. 61 1. 63 1. 65 1.65 1.65 • 1.65 . 22 . 22 .23 .22 2.21 4,279 I 4,387 I 3.922 ! 23 29 i 17 34. 21 33. 10 29. 90 36. 55 : 34. 84 1 31.60 ! 1. 91 1.82 2. 55 2.41 1. 65 2, 22 132 110 72 160.5 139 3 110.8 * Adjusted for seasonal variation. Thousands of short tons Thousands of long tons Monthly average, 1923-1925=100 ; ! 98. 5 i 92.3 76. 3 107.8 95. 8 1 66. 8 .' i 269 213 97 i 46 42 30 3,585 3, 065 1,893 31. 39 1. 70 1.65 1.65 1. CO 1.60 1. 60 1. 60 : . 56 .35 . 33 .29 .26 . 24 .22 . 20 . 19 I I 1 1. 95 1.80 i 4,827 1 4, 032 2,636 j 95 ! 295 78 i 249 48 190 1 i 262 265 ! 159 i ! ' ! 15 SURVEY OF CURRENT BUSINESS July, 1931] Metals and Metal Products ANUFACTURING activity in the nonferrous metal industry, as measured by the adjusted producM tion index of the Federal Reserve Board, was unchanged in May from the low point for the depression reached in April. Production in May was 28 per cent below May, 1930, the decline being slightly larger than the average for the first five months of the year. Employment in the industry remains steady, the adjusted index varying but slightly during the past four months; in May employment was 17 per cent below a year ago. The volume of pay rolls failed to hold the slight gain of early spring and in May fell to a new low for the current recession—25 per cent below a year ago. Mine production of copper and zinc was lower than in April, but lead production scored a sharp gain. High stocks and low prices continue to be the dominating factors in the industry. Stocks of refined copper (North and South America) again increased 8 per cent in May with resultant weakness in the price. Blister stocks were reduced, but the increase in refined and blister combined was more than 27,000 short tons. Domestic shipments of refined copper in May were 18 per cent less than in April and 40 per cent below last year. Exports of refined copper and products also were lower in May and were 43 per cent below a year ago. Electrolytic copper advanced % of a cent a pound from the low of 8 cents in the latter part of June and lead prices were also marked up. Tin stocks at the end of May rose to a new record while prices continued to decline. Shipments of all classes of machinery are relatively small as compared with a year ago, but slight gains in some instances were registered between April and May. Activity in machine tool plants, as measured by shipments, was slightly above April, but only half that of a year ago. Shipments of foundry equipment advanced to the highest level since June, 1930, but were still 21 per cent below last May. Electric hoist shipments were also larger in May, although considerably below last year and less than half those of May, 1929. Machinery exports for the first five months of 1931 were 38 per cent less in value than last year. Individual groups declined as follows: Industrial, 42 per cent; agricultural, 33 per cent; and electrical, 30 per cent. METALS AND MACHINERY Nonferrous metals F. R. B. Employment Year and month Production adjusted Adjusted Pay Wood workMa- Founding Steel ry chine equip- boilers machinI tools ment ery Pumps Water Mesteam- Elec- chanOil softenpower, tric burning apical paracentrif- hoists stokers ers ugal tus Water systems j Shipments justed Sales (new orders) Shipments ^ | Monthly average 1922-1924 = 100 Number Patents granted InterAgri- nalcul- comtural busimple- tiou ments engines i Unad- rolls, justed unad- Monthly average, 1923-1925= 100 1)29 Mav i:)30: May ... J tine July AugustSepteinber October November December I'm.: January.. . _. February March April May Monthly average, January through May: 1929 _. 1930 1931 Electric overhead cranes Shipments Number Thousands of dollars 137 1010 105. 3 123. 1 301 217. 0 1,751 1, 233 1, 122 1,886 285 174 6, 9S3 1,444 11,996 62 50 101 96 97 96 97 95 87 85 80.2 80.3 78.7 76. 1 73. 6 72 6 71.8 71.2 81.2 80.2 77.7 75. 1 72.5 71.6 70.9 70.2 84.4 85.0 76. 0 72.0 70.7 69.4 67. 3 67.9 197 176 128 120 96 103 67 85 149. 4 160. 5 116. 1 82.6 66. 0 62. 0 76. 5 102. 6 1, 283 1, 360 1, 309 1,371 1, 254 1, 189 814 577 615 624 694 4S8 441 442 529 880 956 1, 005 729 942 677 587 671 1,641 1,644 1, 338 1,367 1, 183 1,167 1, 116 1, 205 210 207 177 146 141 138 116 106 96 151 150 115 128 92 71 53 8,178 7, 623 9, 593 11,354 17, 036 IS, 580 7, 855 5, 025 1, 279 752 782 774 755 738 732 645 11, 120 10, 375 9. 699 9,220 8, 202 7,522 6,401 5.177 49 109 51 27 43 41 52 58 59 144 52 30 35 49 54 67 78 79 77 73 73 69. 2 66.8 66. 6 66.5 66.6 6i4 61 1 68.8 6i 1 67.4 64. 1 64.4 66. 3 65. 4 63.4 75 73 92 91 96 54.7 55.4 72.9 69.7 113.6 598 516 630 689 646 400 421 400 356 393 496 530 261 416 310 718 873 1, 036 9 18 1,037 134 112 166 113 135 85 66 63 65 80 3, 952 3, 504 4,226 5, 229 5,556 753 703 851 785 702 6,010 5,434 6, 105 7, 638 9,090 41 44 67 67 60 58 76 68 68 58 130 103 76 104. 2 82.5 67.1 105. 9 83.8 63.2 123. 8 89.4 64.7 300 211 85 205. 4 190. 9 74.3 1, 408 1, 018 616 1, 167 662 394 816 903 403 1, 659 1,484 916 257 242 132 122 84 72 5, 457 5, 800 4,493 1,429 1, 321 9, 154 9, 050 6,855 51 49 56 51 62 66 759 16 SURVEY OF CURRENT BUSINESS [July, 1931 Automobiles and Rubber yi UTOMOBILE production, which reached a seasonal JL\ peak in April, was well maintained in the first half of May, following which operations were reduced. Total production in the United States and Canada was about 7 per cent below April and 26 per cent below May, 1930. The May decrease was in line with seasonal expectations and the adjusted index of the Federal Reserve Board was unchanged for the month. The output for the first five months of 1931 was about 30 per cent less than in the same period of 1930. Employment in the industry was higher than in April and the adjusted index advanced slightly; the pay-roll index, which is unadjusted for seasonal variations, was 6.8 per cent above April. Employment was 19 per cent below May last year and pay rolls were 26 per cent lower, but in both cases the comparison was more favorable than in April. New passenger-car registrations in April were 32 per cent greater than in March, but were about 26 per cent below a year ago. Sales were held at the April level early in May, but tapered off in the latter part of the month, and May registrations were probably below April. Registrations for the first four months of 1931 were about 31 per cent below those of the same period last year and preliminary May figures for 40 States show a decline for that month of 28 per cent as compared with May, 1930. Production of pneumatic casings advanced 6 per cent in April from the March level, but shipments were up more than 21 per cent. Preliminary estimates for May indicate a further increase in production during that month. Employment in the rubber industry was greater than in April, and the adjusted index advanced 5 per cent while the unadjusted index of pay rolls was up over 6 per cent. The indexes of employment and pay rolls were 16 per cent and 26 per cent, respectively, below a year ago. Production and shipments of pneumatic tires for the first four months were about 11 per cent below last year. World stocks of crude rubber again increased during May to a new record and at the end of the month were nearly 10 per cent higher than at the beginning of the year. These figures partly explain the continued weakness in crude rubber prices. AUTOMOBILES AND RUBBER Automobile exports Automobile production United States F.R.B. index, ad- Year and month justed Total Passenger cars Month-i lyav- ! erages, 19231925= i 100 i 1929- May 1930: May June -July \ugust September October November December 1931: January February __ __-. March .. April May Monthly average, January through May: 1929 1930 1931 ^an- Total Taxi- Trucks P™: cabs Ii tion Pneumatic tires financing Automobile i accesBy Passories, wholeBy shipconS sale |£T Trucks ments sumdealcars : ers ers January, 1925 = 100 Number Thousands Automobile Millions of dollars ' ?J£- mestic sh| tlon tion" Pj ments Crude rubber Im- ports j Thousands World stocks, end of month Long tons 605 515 1,318 88,510 | j 31,559 • 28,417 11,496 91 6, 109 5, 185 51, 186 «85 420 335 266 224 221 154 137 156 365 288 225 186 178 115 102 123 440 463 376 386 930 582 609 1,425 58,659 i ! 24,672 16,876 9,666 48,570 15,090 10, 101 i 5, 336 43, 328 ; 10, 188 i1 7,828 i 4,042 40,450 , 9,792 7, 956 5, 318 44,223 ; 7,957 8,125 5,312 40,593 4,541 7, 136 4, 079 35,613 5,407 i 6, 039 6, 039 33,443 5,622 ; 9, 096 5, 102 78 71 65 60 76 79 63 55 84 54 55 45 45 36 30 36 115 4,574 138 4,098 119 i 3, 193 103 i 3,332 91 2, 692 81 2,866 2,123 60 2,251 66 3.960 4,050 4, 229 3,976 3, 360 2,613 2,119 2,550 ! 42, 994 1 40, 382 35, 424 ! 36, 657 35, 783 45, 375 i 29, 733 i 37, 370 378, 379, 394, 400, 427, 427, 429, 439, 972 688 687 796 089 664 901 728 63 68 67 77 77 172 220 276 336 315 138 180 231 285 269 512 529 410 665 340 8, 304 33,531 \ 6,496 39,521 ! 9,871 9, 187 45, 161 12, 993 11,526 50, 015 17, 159 11,228 45,695 12,738 ! 8, 463 46 53 65 66 40 50 63 ?i 62 : 2,940 66 : 3,188 92 3, 730 113 | 3,955 110 i i 1 j 2,855 2,580 3, 143 3,804 36, 598 34, 374 40, 788 44, 908 35, 844 460, 471, 487, 487, 479 285 716 660 143 100 70 536 373 264 462 315 221 1, 851 833 491 83 73 59 72 59 133 109 89 5,577 i 4,043 j 4,740 3,586 55, 879 44, 960 38, 502 251, 439 364, 605 142 101 90 62 62 1 4, 534 4, 187 6,002 5,499 4, 498 71,666 j!! 33,374 ! 37,101 17,182 I 57,004 i 19,119 i 19,361 ! 9,943 42,785 | 11,851 9,743 4,944 185 ! 252, 867 17 SURVEY OF CURRENT BUSINESS July, 1931] Textile Industry of either the preceding month or the same month last year. Sales of standard cotton piece goods during May were 71 per cent of production, compared with 61 per cent in April. Wool receipts at Boston during May were considerably above those in the preceding month and also larger than in the same month last year; the increase over the preceding month was from domestic supplies alone. The price of fine staple scoured wool at Boston continued to decline, which began in the latter part of 1930. Raw silk deliveries to manufacturers, which had declined since the latter part of 1930, increased during May. Average deliveries during the first five months of the year were 5 per cent larger than in the corresponding period of last year and only 2 per cent less than in the same period of 1929. Stocks at the end of May were less than for either the preceding month or a year ago. The wholesale price of rayon decreased from December, 1930, to January but has remained steady at 75 cents per pound since then. EXTILE manufacturing operations have shown improvement since the beginning of the year and T in May were on a slightly higher level than in the preceding month, according to the Federal Reserve Board's seasonally adjusted indexes of production and employment. Mill consumption of raw cotton in the United States during May was less than in either the preceding month or the same month last year. Average monthly consumption during the first five months was likewise less than in the corresponding period of last year. Stocks of raw cotton in mills and warehouses have shown the usual gradual decrease during the first five months of the year, but were greater at the end of May than for the corresponding period in either of the two preceding years. Production and shipments of cotton textiles during May decreased and were below those of the same month last year. Shipments were only 91 per cent of current production, and stocks at the end of May continued to increase from the low point reached In March. Unfilled orders at the end of the month were below the volume 1929: May 1930: May June.. July August September.. _ __ _ October November December 1931: January February March April May Monthly average, through Mav: 1929 ' 1930 1931 _. ill! a* Monthly av- Thou- Dolerage, sands of lars per 19111913= pounds pound 100 Thousands of yards Per cent of active hours to total reported* Rayon, wholesale price, A grade, bleached |S~ Worsted 5~ Spinning spindles Woolen fill Receipts at Boston, total "3 &*%>£ Wholesale price, Fairchild composite — fl 'J Stocks, end of month Production i >» * i I'fiM Bales Dollars per pound Silk 121 668, 650 3,322 9,164 341, 370 326, 121 3fi7, 340 382, 512 162 24, 215 1.00 82 66 49, 121 1.30 90 84 84 81 88 91 93 87 473, 284 405, 236 379, 022 352, 335 394, 321 444, 494 414, 887 406, 207 4, 907 4,462 4, 060 4, 476 6, 215 8. 895 9, 965 10, 037 6, 725 5,789 5,301 5,134 5, 663 6, 239 5,832 5,916 275, 801 198, 539 165, 850 218,815 182, 385 228, 866 206, 633 234, 052 270, 056 182, 652 176, 689 231, 34£ 232, 975 270. 383 200, 661 226 951 450, 481 466, 368 455, 529 442, 996 392, 406 350, 889 356, 861 363, 962 271, 745 219, 040 222, 498 226, 422 285, 427 350, 845 333, 251 288, 956 137 134 130 126 124 124 124 122 28, 649 57, 665 76, 915 51, 672 7,074 12, 739 6,240 11, 574 .77 .76 .76 .76 .76 .75 .72 .72 60 62 52 48 55 53 52 45 52 56 53 55 60 62 52 52 40, 823 29, 396 39, 948 41, 734 55, 649 61, 937 57, 333 55, 424 1.15 1.15 .95 .95 .95 .95 .95 .95 86 93 97 98 102 454, 188 433, 510 490, 586 508, 744 485, 770 9, 553 8, 862 8,120 7,404 6,752 6, 360 6,110 7,001 7,129 6,739 202, 149 212, 168 271, 638 225, 955 225, 392 210, 597 248, 354 317, 185 217, 582 205, 603 355, 514 319, 328 273, 781 282, 154 301, 943 317, 465 395, 802 373, 951 294, 118 248, 544 120 119 121 119 115 10, 795 13, 269 13, 279 17, 775 30, 341 .68 .66 .66 .65 .63 48 66 57 55 60 52 54 57 57 67 55, 910 54, 242 55, 383 41, 356 45, 073 .75 .75 .75 .75 .75 117 97 95 639, 025 516, 679 470, 560 4,870 6,012 8,138 8,877 7, 366 6,668 311,784 276, 917 227, 460 316,663 279, 023 239, 864 365, 377 446, 803 306, 544 446, 089 373, 799 325, 976 164 143 119 19, 934 17, 758 17, 092 1.06 .78 .66 83 60 57 68 52 57 51, 286 48, 161 50, 393 1.34 1.15 .75 January 62995—31- Spindle activity, total Bales MilThou- lions of sands o 1 spindle bales hours Cotton textiles (23 groups of textile constructions) Wool manufactures Wool Deliveries to mills Monthly average, 19231925= 100 Cotton manufactures Stocks, mills, and warehouses, end of month Year and month | Cotton, raw Mill consumption F. R. B. index, adjusted TEXTILES 18 SURVEY OF CURRENT BUSINESS [July, 1931 Food Industries OTAL manufacture of food products during May was slightly less than in the preceding month T while employment was practically the same according to the Federal Keserve Board's indexes which are adjusted for seasonal variation. Both production and employment were lower than in the same month last year. For the first five months of the year these two indexes have averaged but slightly less than in the corresponding periods of 1929 and 1930. Wholesale prices of food products continued to decline during May recording a new low which represented a decrease of 21 per cent from the same month last year. Wheat receipts at the principal markets during May were 48 per cent larger than in the preceding month and 82 per cent greater than in the same month last year. Exports of wheat, including flour, have been at a lower level this year than in the corresponding period of either of the two preceding years. Wheat prices have been slightly higher during April and May than in the first quarter of the year,but still below the figure of a year ago. Corn receipts in the principal markets during May showed the usual seasonal decline from the preceding month and were less than in the same month last year. The price of No. 3 yellow corn at Chicago has shown a gradual decline since the harvest period in the latter part of 1930; it has averaged only 60 cents per bushel during the first five months of the year, compared with 82 cents in the same period in 1930. Cattle receipts at the principal markets showed a seasonal decline from April to May; the receipts during May were somewhat larger than in the same month last year, but less than in the corresponding period of 1929. Hog receipts during May showed a seasonal decrease from the preceding month and were lower than for the same month in either of the two preceding years. Raw sugar and coffee exports have been larger in 1931 than a year ago. Raw sugar imports have been less than in 1930, but coffee imports have been larger. 1929: May 1930: May . June July . _ . August September October November December - • 1931: January February March April May Monthly average, January through May: 1929 1930 1931 108.9 \ 97 100.0 97.7 98 93 94 91 96 94 94 89 97.1 95.8 95.2 93.0 92.9 90.9 91.4 90.8 92.0 90.5 86.3 87.1 89.2 88.6 85.7 81.8 93 92 87 96 91 91.2 90.3 89.9 90.6 90.8 80.1 77.1 76.7 75.6 72.9 74.3 64.9 64.4 53.1 61.2 100 95 92 99.8 97.6 90.6 98.1 94.6 76.5 71.9 ! 60. 5 63. 6 54.6 54.3 ! 109.8 i 48.7 ! 116.7 1 93.3 1 111.8 122.5 j 91.4 1 175. 5 91. 2 212. 1 96. 7 148.8 ! 88.5 105. 8 97. 8 ! 94.7 ! 85.5 i ! 94.0 ! 101.2 | 108.4 94.5 97. 3 96. 8 19 0 G^ Thousands •2§ ~ ft —i O s Coffee imports 1 ill III Thousands of bags Cattle receipts »% Total raw sugar imports Price, No. 3 yellow, Chicago Receipts, principal markets Price, wtd. average, 6 markets, all grades Millions of bushels 3* £ Thousands of long tons Millions of bushels 4*3 Dollars per bushel | Monthly ; average, i 1923-1925 = 100 j Dollars per bushel Monthly average, 1923-1925=100 Animal products Corn Exports, including flour OS Visible s u p p l y , Unite States, end of month II •as as* Wheat Ileceipts, principal markets d vd Crop marketings +0 Monthly average, 1926=100 Year and. month Production adjusted F. R. B. Wholesale prices Food products' industry 1 Visible supply, United States Animal products, marketings FOODSTUFFS 16 1.01 11 16 .87 1, 660 3,431 1,196 591 860 1.01 .94 .83 .85 .79 .76 .70 .73 16 18 17 20 16 15 17 27 12 7 4 4 5 5 7 17 .79 .79 .82 .99 .94 .82 .71 .69 I 1,517 1, 459 1,512 1,605 2,108 2, 377 1,696 1, 736 3,293 3,215 2,918 2,617 2,799 3,441 3,439 4,002 950 959 929 788 652 534 597 737 682 311 395 313 392 360 344 312 915 1,010 801 712 991 1, 159 957 1,098 197 202 207 200 198 10 12 16 24 19 12 8 1 6 1 i 6 i 4 \ 5 1 7 10 .71 .71 ! -71 i .'76 19 19 17 11 18 20 22 20 12 .65 .61 .60 .58 .56 | '• | j 1,508 1, 303 1, 535 1,617 1, 551 4,652 3,704 3,207 3,067 2,938 959 1,092 1,072 1,100 1,062 204 364 515 415 313 1,094 1,289 1,407 1,126 1,415 119 148 201 10 1 10 1 6 1.11 1.09 .73 1 24 24 18 30 20 18 .92 .82 .60 1,539 1,535 1,503 3,916 3,669 3,514 1,242 1,007 1,057 589 422 362 994 1,076 1,266 98 17 19 i 99 85 : 63 29 25 i 22 120 110 162 195 214 205 202 196 29 31 31 21 31 23 17 29 21 i | ! 19 SURVEY OF CURRENT BUSINESS July, 1931] Forest Products There was also a sharp seasonal rise in May in marketings of naval stores, the index for the first five months of 1931 being 14 per cent below the similar industry, based on consumption of electricity, showed 1930 period, with a slightly better showing as coma slightly greater than seasonal improvement. The pared with 1929. Southern-pine production, which has been generally general level of employment and pay rolls for the first five months of 1931 was, however, about one-third declining since 1925, declined in May as compared under the same period in 1930 and only one-half of with April, and the level of production in the first five months of this year was 40 per cent below that of the average rate of 1923-1925. Marketings of forest products increased seasonably a year ago. New orders in May showed the usual in May as compared with preceding months, but the decline from April, with the average orders of the early rate for the first five months of 1931 was about 15 part of the year more than 25 per cent below those of per cent below the same period in 1930 and 30 per the corresponding period of last year. With the incent under that of 1929. That the increase in market- creased shipments and decline in new orders in May, ings was accompanied by increased operations is evi- unfilled orders at the end of May, as is usual at this dent from the fact that stocks of forest products were season, declined as compared with April. The present approximately the same at the end of May as at the level for the first five months of the year was about 40 per cent below the same period of 1930. end of April. Production of Douglas fir increased slightly during Carloadings of forest products witnessed the cusMay as compared with April, but was 33 per cent tomary sharp seasonal increase in May as compared with April. The average for the first five months of under the production recorded during May, 1930. 1931 was 40 per cent below loadings for the corre- The average monthly production of Douglas fir during sponding period in 1930, and only one-half of the the first five months of the year was 35 per cent under the same period last year and 44 per cent under 1929. 1929 shipments. MPLOYMENT in the forest products industries was unchanged in May while pay rolls increased slightly E over the April level. The rate of operations in the FOREST PRODUCTS General operations Year and month Indexes of marketing EmPay Total Rate of ployopera- ment, roll, forest Naval tions ad- unad- prod- stores justed justed ucts Southern pine Production UnNew filled orders orders Hardwoods Pro- New Unfilled duc- orders tion orders Pro- New Unfilled duc- orders tion orders Carloadings, forest products 111.1 89.7 92.8 99.0 158.1 362 366 371 296 311 617 343 102.4 107.3 100.0 97.7 105.6 77. 1 86.3 73.3 73.9 71.6 67.8 65.1 62.4 62.1 60.4 58.8 73.2 70.9 63.0 61.6 60.9 60.4 54.7 50.4 80.1 70.0 65.4 66.0 60.2 68.2 62.9 58.0 174.7 170.7 203.9 171.2 158.2 143.1 112.9 117.7 258 218 224 202 207 211 185 157 229 184 197 189 206 213 177 146 160 151 128 124 112 109 105 99 308 253 190 207 200 208 192 167 291 240 213 223 218 203 186 189 202 199 172 135 176 138 176 188 240 214 172 165 161 158 143 134 195 143 128 139 176 154 133 125 603 557 526 500 475 466 452 456 265 199 160 207 162 159 174 121 82.6 84.2 93 2 91.5 97.2 56.3 56.3 55.7 55.4 55.4 44.0 45.6 46.2 44.9 45.7 55.9 55.9 60.9 64.0 68.4 37.1 25.5 39.7 98.3 136.5 165 154 165 165 148 191 171 174 169 158 116 107 113 104 84 160 179 186 202 192 189 217 224 183 182 197 216 143 158 165 146 169 188 173 154 456 481 473 463 156 138 138 130 165 107.7 96.2 89.7 88.9 76.6 55.8 88.4 73.4 45.3 86.8 72 5 75.4 78.3 67.4 261 159 242 173 185 105 335 288 361 274 375 254 311 254 324 208 636 624 283 238 145 6i.' b Furniture, plant operations, Grand Rapids district Thou- Per ct. sands of full cars time Millions of feet board measure Monthly average 1923-1925=100 1929: May 1930: May June _ _____ July August September __ October November December _ 1931: January ._. February March April May _ . M o n t h l y average, January through May: 1929 1930 — 1931 Douglas fir 89.0 61.0 70.0 67.0 79.0 89.0 85.0 81.0 71.0 68.0 63.0 64.0 67.0 93.6 70.2 20 SUEVEY OF CURRENT BUSINESS [July, 1931 Miscellaneous Industries LEATHER An increase of 6 per cent in productive operations was recorded by the leather industry during May, after adjustments are made for seasonal variation. The industry in May was operating on a level about 10 per cent higher than at that time last year. The number of persons employed in the industry during May was .about 2 per cent less and the pay rolls almost 3 per cent less than in April. and the adjusted index registered an increase of 1.4 per cent during these two months. The number of employees on the pay rolls during May, however, was 13 per cent less than in May, 1930. PAPER AND PRINTING The number of employees on the pay rolls of the paper and printing industry in May was approximately the same as in April, although a slight decrease is to be expected at this season of the year. Employment is, however, only 8 per cent under May of last year. Pay rolls decreased slightly during the month. NONFERROUS METALS Copper production during May increased slightly but was still 29 per cent under May, 1930, and 51 per cent under 1929. The average monthly production of FUELS copper during the first five months of the year was 30 Production of bituminous coal during May was only per cent under the same period last year. The production of refined lead increased over April but was slightly greater than during April, although an increase materially under that recorded during May, 1930. in productionr of between 3 and 4 per cent normally occurs. Ma} production was 21 per cent under May, Tin deliveries were less than in April. 1930, a reflection of curtailed factory operations. CHEMICALS Anthracite production decreased 12 per cent from Employment in the chemicals group showed less April, a 4 per cent increase being normal for this than the usual seasonal decline between April and May period. MISCELLANEOUS INDUSTRIES Leather products Year and month Shoes, production Non ferrous metals Sole and belting, production MilMillions of lions of pairs pounds 1929: May.. 1930: May June July August _ .- _-. September. October November December 1931: January February March.. _ _ April May Monthly average, January through May: 1929 . . -_ 1930 1931 Paper and printing Chemicals NewsNews- print, Copper; Lead, Sul- Nitrate con- phuric print, reof smelter, fined; Tin de- prosumpliveries duc- tion, produc- proacid, soda, imtion tion pub- exports ports duclishers tion Short tons Long tons Thousands of short tons ThouThouof sands o! sands pounds long tons Fuel production ReCrude fined Ace- Metharof anol, ar- tate Bitusenic, senic, lime, crude, minous proproproprocoal ducducducduction tion tion tion Short tons MilThoulions of sands of pounds gallons An- Crude thra- petrocite leum Thousands of short tons Millions of barrels 29 23 108, 961 63,632 8. 4SO 124 20.1 287 128 1,888 779 10 617 40, 908 6,077 84 25 24 24 28 29 28 19 18 24 24 24 23 23 23 19 22 75, 936 69, 155 67, 638 66, 698 68, 487 70, 419 64, 8 1C) 60, 022 52, 818 50, 721 51,538 52, 980 48,491 50, 402 43, 423 48, 517 5, 710 5, 885 6, 130 5, 695 7,2^0 7, 580 6, 270 7,495 118 108 103 102 95 105 92 99 194 178 164 1J,7 164 183 185 lf,7 507 410 571 170 466 704 309 439 42 19 29 9 19 27 35 36 1, 652 2,168 1,428 1,217 2,077 2, 694 2, 392 1,483 963 1,081 1,032 1,002 1,101 1, 265 1,508 1,439 5 4 4 0 6 7 8 42G 319 193 242 294 380 430 477 35, 954 33, 714 34, 715 35, 661 38, 632 44, 150 38, 122 39, 716 5,841 5, 183 5, 658 6,190 5, 293 7. 576 5,207 6, 080 80 77 77 75 71 73 68 67 20 24 29 30 29 20 17 18 20 53, 429 55, 229 57, 922 52, 085 53, 734 43, 405 39, 464 41, 775 35. 498 39, 519 7,210 5, 100 6, 120 6, 630 5,505 102 89 101 102 j 101 161 l.'O ]79 174 130 305 376 200 311 46 68 120 67 2,803 1, 494 1, 957 1,402 1, 570 1,409 1, 506 964 8 7 8 5 631 470 487 326 38, 542 31, 408 33, 870 28, 478 28, 333 6, 157 5, 391 4, 745 5,700 5,005 66 61 69 73 29 27 26 23 25 104, 582 77, 954 54, 480 60, 299 53, 807 39, 932 8,127 6, 384 6,113 117 116 99 1S9 184 16S 537 479 116 79 1, 395 1,541 875 892 10 8 591 497 43.815 39, 384 32, 126 6. 127 5, 645 5,400 81 78 21 SURVEY OF CURRENT BUSINESS July, 1931] INTERNAL-REVENUE RECEIPTS FROM STAMP TAXES FOR THE FIRST NINE MONTHS OF THE FISCAL YEARS 1930 AND 1931, BY STATES l Bonds of indebtedness, capital stock issues, etc. Capital stock sales or transfers Sales of produce (future delivery) Playing cards STATES 1930 Alabama ._. Arizona Arkansas C alif ornia Colorado Connecticut Delaware Florida Georgia - __ _ Hawaii -.. Idaho Illinois _Indiana Iowa _ _ _ _ Kansas Kentucky Louisiana ._ _ _ Maine Maryland, including Dist. of Col Massachusetts .- _. Michigan Minnesota Mississippi Missouri _. _ _ Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York _ __ - North Carolina North Dakota - - - - - - Ohio Oklahoma Oregon - Pennsylvania Rhode Island . _ _ . South Carolina South Dakota Tennessee Texas Utah Vermont Virginia _ _ _ _ Washington, including Alaska West Virginia Wisconsin Wyoming Philippine Islands Sales of internal revenue stamps by postmasters Total (9 months)- .. - _. 1931 $26, 270. 23 24, 574. 91 12,248. 11 836, 466. 28 61, 438. 90 93, 053. 92 82 202 34 37 293 18 30, 238. 34 30, 099. 79 18, 377. 32 1,211,899. 16 46, 190.48 27, 128. 67 25 413 80 30 552 49 58* 653. 34 12, 097. 44 138, 637. 30 568, 796. 70 383, 930. 27 227,811.57 7, 942. 76 118,114.51 21, 527. 38 45, 875. 47 42, 720. 03 16, 177. 48 237, 579. 63 4, 390. 99 10,319,782.86 19, 784. 36 5 262.06 556, 788. 97 35,131.01 55 103. 18 475, 465. 80 10, 668. 51 5, 785. 12 3. 943. 91 36, 200. 22 74, 196. 55 21,024.28 18, 621. 28 19, 260. 04 233. 292. 07 50, 671. 77 157, 196. 98 4,531.0^ 1, 918. 50 $14, 369. 65 14, 708. 22 6, 884. 56 1, 066, 042. 50 45, 984. 91 17, 706. 01 109, 434. 97 19, 046. 19 27, 329. 53 34, 138. 63 17,216.84 723, 137. 83 43, 134. 73 40, 366. 70 54, 718. 63 36, 610. 83 59, 629. 94 14, 774. 07 90, 627. 92 338', 624. 66 217, 744. 87 166, 212. 56 17, 196. 50 104, 146. 90 16 039 20 12, 598. 38 28, 775. 65 1,545.09 542, 463. 08 3, 131. 13 6, 320, 693. 28 8,411.63 1, 705. 61 384, 201. 90 41, 502. 50 47, 916. 42 527, 138. 15 15, 400. 09 6, 389. 79 3, 452. 90 27, 784. 89 74, 549. 17 13, 238. 18 1. 932. 51 19, 605. 76 116,592.49 29, 120. 75 67, 758. 66 7, 699. 79 1, 668. 00 325, 340. 77 348, 473. 80 16, 910, 672. 07 11,949,577.25 1930 1931 1931 1930 $1, 207. 06 2, 327. 58 3, 353. 48 $130. 00 235, 457. 96 5, 131. 87 36, 688. 43 23, 230. 86 13 664 21 5, 000. 54 734. 96 2, 012, 192. 04 489. 70 446. 97 1, 023, 039. 63 '411.84 85.00 6, 041. 22 3, 297. 28 561. 50 30, 822. 10 629, 534. 04 173, 949. 46 12,915.51 719. 12 38, 115. 48 5 113 73 1, 035. 20 212. 00 16. 293. 08 238, 237. 20 63, 786. 71 7, 869. 69 130. 00 28, 354. 46 3, 685. 01 2, 173. 25 79.87 8, 831. 41 321. 56 30, 979, 290. 35 3, 136. 30 23.70 12, 406. 75 1, 235. 53 17, 451, 477. 23 1, 319. 46 74, 813. 17 244. 04 225. 00 476, 676. 47 21, 039. 30 29, 389. 52 161. 74 220. 00 281, 148. 44 12, 115. 96 3, 085. 38 1, 009. 40 4, 066. 45 4, 876. 04 29, 185. 48 6, 905. 80 1, 416. 52 12.80 386. 80 4, 007. 82 66, 247. 32 4, 612. 53 403. 56 34, 986, 320. 45 19, 571, 949. 78 370. 52 341, 039. 91 10, 164. 44 89, 113. 25 10, 772. 24 1931 1930 $458. 00 $257. 64 13.98 1, 816, 659. 03 901, 845. 29 217, 001. 60 86, 638. 99 $0. 60 25.80 6.30 3, 778. 00 440. 90 3, 840. 80 $6.40 3, 056. 60 273. 00 120. 00 2, 874. 40 3, 280. 80 171, 888. 80 30. 50 2.20 307, 076. 70 246. 40 .80 21.00 29.00 40.60 171, 872. 93 69, 568. 77 .60 28.30 290. 90 209. 20 66, 081. 10 100, 621. 50 43, 411. 50 672. 50 174. 00 387. 58 30.60 2.80 63.40 9.00 88, 523. 00 1, 217. 60 .02 3.50 731, 079. 20 689, 906. 80 638, 432. 95 302, 472. 69 189, 513. 40 111, 178. 10 .70 91.00 10.00 2, 3*0, 333. 20 2, 077, 776. 40 58.20 14, 799. 60 16.60 27.50 502. 10 10.80 793. 30 446. 90 1, 707. 50 1, 488. 00 1, 574. 70 715.37 198. 50 197. 00 6, 574. 06 3, 508. 40 396, 266. 20 523, 571. 30 2, 955, 167. 29 1,410,321.71 3, 923, 278. 70 3, 807, 563. 70 SUMMARY OF INTERNAL-REVENUE RECEIPTS FROM STAMP TAXES, ETC. Fiscal years 1926-1931 1926 Bonds of indebtedness, capital stock issues, etc Capital stock sales or transfers Sales of produce (future delivery) Playing cards ... Total 1 _ ___ _ 1927 1938 1929 1930 1931 (9 mos.) $28, 480, 422. 01 $13, 044, 445. 65 $15, 561, 459. 56 $17, 868, 372. 17 $22,611,274.96 $11,949,577.25 16, 674, 102. 83 17, 137, 185. 75 24, 208, 537. 68 37, 595, 927. 33 46, 698, 226. 86 19,571,949.78 2, 884, 534. 45 3, 599, 875. 58 4, 183, 217. 57 3, 333, 427. 14 1,410,321.71 4,048,498 60 5, 375, 804. 20 4, 819, 292. 50 4, 742, 468. 50 3, 807, 563. 70 4, 213, 414. 03 5, 010, 712. 40 54, 014, 239. 36 37, 345, 551. 43 48, 829, 208. 24 64, 173, 530. 84 77, 728, 669. 90 36, 739, 412. 44 Compiled by the U. S Treasury Department, Bureau of Internal Revenue, and represent revenue receipts from stamp taxes, including tax on playing cards. act of 1926 repealed the stamp tax on deeds or conveyances, customhouse entries and withdrawals, proxies and powers of attorney, effective Mar. 29, 1926. Revenue 22 SUEVEY OF CURRENT BUSINESS [July, 1931 WEEKLY BUSINESS INDICATORS [Weekly average, 1923-1925=100] 1931 1930 1929 1931 ITEM 1929 1930 ITEM June June June June June June June June June 22 15 20 13 21 14 7 8 6 June June June June June June June June! June 22 15 8 21 14 7 6 20 13 "Composite index, N. Y. Times.. 73.4 74.2 75 9 90.9 92.1 93.1 108.9 108.3 109.3 * Composite index, Business Week- 75.8 77.6 78.1 94.7 89.5 91.3 110.8 109.2 109.0 Detroit employment 74.8 104.5 130.0 Production: 8,6 8.2 8.2 27.8 25.3 25.3 58.4 59.6 59.2 Beehive coke 68.2 68.5 67.6 82.1 81.9 83.6 94.4 96.8 95.2 Bituminous coal 133.3 Buildings (new awards) 78.9 116.0 94.8 94.9 93.8 99.4 99.8 96.5 100.7 100.5 99.2 tElectric current Petroleum 119.2 118.2 118.8 124. 8 123.5 124.2 132.7 131.7 130.8 Steel ingots 46.1 50.0 51.3 86.5 89.5 93.4 125.0 126.3 126.3 Receipts: 76.6 65.8 59.8 67.7 75.6 83.2 74.1 68.7 71.5 Cattle and calves 20.8 20.0 25.4 17.3 23.8 18.8 27.7 31.2 21.9 Cotton _ _ Hogs 68.9 61.8 65.2 80.6 72.4 87.8 76.7 87.2 89.7 Wheat 58.5 72.9 127.9 57.4 46.3 57.2 78.9 70.3 68.6 Distribution: Car loadings 77.1 76.4 79.4 96.0 96.6 97.6 111.6 111.6 110.1 Wholesale prices: Copper, electrolytic 56.5 58.0 58.7 85.5 84.8 91.3 129.0 129.0 129.0 Cotton, middling __ _ 32.4 32.0 31.6 51.8 53.3 58.5 68.0 69.5 69.9 Wholesale prices— Continued. Fisher's index (1926=100)— Total (120) 70.0 69.7 70.0 86.2 87.0 87.6 97.5 96.6 95.8 Agricultural products (30). 61.4 60.4 60.4 88.8 90.0 91.2 101.2 99.2 98.5 Nonagricultural products 72.8 73.0 73.2 84.6 85.1 85.4 95.5 95.2 94.2 (90). Iron and steel composite 75.0 75.0 75.0 81.0 81.0 81.3 89.3 89.5 89.5 Banking and finance: Bank debits outside N. Y. C. 100.7 89.2 101.3 134.9 114.9 107.9 142.6 127.9 132.3 Bond prices 106.1 105.8 105.1 106.4 106.4 106.4 104.5 104.5 104.5 Business failures (number) 114.7 116.5 111.5 119.7 120.1 119.2 104.9 104.7 103.9 109.9 108.9 108.6 107.5 107.1 106.1 97.8 97.0 96.0 Federal reserve ratio Interest rates, call _. . 36.4 36.4 36.4 60.6 68.6 72.7 169.7 187.9 169.7 Interest rates, time 34.3 34.3 38.2 81.8 85.7 85.7 185.7 188.6 194. 3 Loans and discounts 116.7 117.1 117.9 137.0 135.8 136.3 132.4 130.9 130.7 Money in circulation . 98.3 97.5 96.7 92.3 92.4 92.9 96.1 96.3 96.9 Net demand deposits 109.7 112.2 112.6 112.9 113.3 112.9 107.1 108.5 107.1 Stock prices . 130.0 130.8 123.8 197.7 216.1 230.0 261.2 253.4 250.9 Time deposits 158.6 161.6 162.0 159.4 158.4 157.9 148.3 148.0 149.1 * Relative to a computed normal taken as 100. f Relative to weekly average 1928-1930 per week shown. WEEKLY BUSINESS STATISTICS 1931 1930 1928 1939 ITEM June 20 June 13 6,644 1,579 6,674 12, 672 1,581 12 2,028 135 June 21 June 14 June 22 June 15 6,585 7,998 1,562 1,656 7,986 18, 630 1,663 8,151 9,199 8,391 1,678 9,431 21 396 1,675 9,278 1,608 1,653 1,480 8,342 25, 043 1,480 1 2,055 92 9 4,038 265 74 1,619 165 219 1,603 158 48 1,031 167 103 594 182 140 1,570 242 97 939 198 188 394 134 219 1,639 126 739, 116 114, 788 30, 614 32, 763 19, 554 217, 133 293, 624 30, 640 626, 050 2,482 732, 453 111,865 30, 606 30, 967 18, 072 218, 710 294, 619 27, 614 613,815 2, 463 760, 890 113, 657 33, 231 34, 397 18, 068 223, 967 306, 824 30, 746 2, 475 920, 645 141, 831 49, 637 39, 697 21, 325 240, 756 364, 206 63, 193 465, 898 2, 599 926, 066 144, 500 50, 070 38, 975 20, 627 243, 045 366, 416 62, 433 462, 079 2,572 935, 582 1, 069, 874 1, 069, 670 1, 055, 768 145, 632 165, 746 167, 122 162, 248 50, 975 70, 903 70, 832 69, 993 38, 557 45, 327 42, 175 38, 974 23, 899 23, 353 23, 525 24, 457 243, 753 259, 376 261, 619 260, 360 369, 316 429, 737 430, 016 420, 282 63, 450 75, 432 74, 381 79, 454 454, 747 239, 176 249, 189 242, 386 2,588 2,765 2,743 2,724 987, 360 154, 284 67, 312 33, 397 24, 380 256, 466 385, 996 65, 525 336, 181 2,376 1.002,813 ' 153, 649 66, 363 33, 989 24, 774 259, 237 398, 192 66, 609 330, 499 2,358 242 54 4,644 8, 736 35 208 52 5, 789 21, 703 38 189 66 10, 165 6,795 39 214 45 4,558 13, 599 66 239 62 3,681 13, 639 68 263 49 4,546 7, 791 71 234 72 6,266 9,331 95 217 81 5,582 U, 066 96 226 57 5,451 12, 123 96 230 61 2,887 10, 664 72 242 89 3,105 12, 990 73 106. 3 .078 .088 2. 14 31.03 .74 106.3 .080 .087 2.14 31.03 .73 106.3 .081 .086 2.15 31.03 .73 109.9 .118 .141 2.74 33. 52 .90 109.9 .117 .145 2.76 33.52 .98 109.9 .126 .159 2.80 33.64 1.01 112.9 .178 .185 3.35 36.96 1.02 112.9 .178 .189 3.35 37.07 1.02 112.1 .178 .190 3.33 37.07 .98 110.6 .145 .218 3.34 35.20 1.49 110.6 .145 .212 3.32 35.48 1.49 6,375 4*588 5,371 4,066 6,161 4,615 10, 029 6,145 7,779 5, 234 7,036 4,917 10, 114 6,496 8,771 5,829 9,574 6,026 11, 071 6,431 10. 460 6, 058 2,962 95.03 467 2,107 94.70 474 3,780 94.09 454 2,941 95.26 487 3,012 95.29 489 1,939 95.30 485 1,968 93.55 427 2,848 93.56 426 1,821 93.56 423 2,366 97.07 447 3,213 97.09 441 185 3,526 185 3,445 173 3,427 207 3,234 210 3,244 240 3, 225 959 3,047 934 3,025 977 2,985 991 2,737 1,043 2,734 14, 582 7,862 13, 255 7,191 4.86 14, 641 7,850 13, 552 7,325 4.86 14, 730 7,863 13, 605 7,347 4.86 17, 128 8, 513 13, 638 7, 228 4.86 16, 966 8,402 13, 686 7,182 4.86 17, 038 8,434 13, 633 7,161 4.86 16, 543 9, 161 12, 940 6,724 4.85 16, 364 9,157 13, 108 6,709 4.85 16, 337 9,140 12, 939 6,761 4.85 15, 785 81,963 13, 290 6,916 4.88 15, 877 8,970 13,681 6,928 4.88 1.50 1.50 4,773 1.50 1.50 4,736 1.67 1.50 4,694 3.58 2.50 4,482 3.75 2.83 4,489 3.75 3.00 4, 509 8.13 7.00 4, 669 8.25 7.75 4,675 8.50 7.00 4,704 5.88 6.13 4,727 5. 75 4,728 126. 26 7,110 127. 02 9,304 120. 21 16, 602 192. 02 26, 487 209. 82 21,276 223. 36 11,949 253. 71 17, 045 246. 10 14, 136 243. 66 16, 984 181.48 11,043 1S4. 61 18, 849 93.1 84.1 74.4 150.9 93.8 85.4 72.8 151.0 142. 2 132.6 121. 1 205. 4 157.6 147.6 127.2 231.7 171.5 161.4 132.6 253.9 191.7 191.5 144.6 237.4 187.9 188.8 141.7 227.7 187.3 189.1 143.1 220.7 June 6 June 7 June 8 June 23 June 16 PRODUCTION AND DISTRIBUTION Bituminous coal production thous tons Building contracts (da av ) 37 States thous dolls Electrical current output mil kw.-hours Exports: Corn thous. of bush-Wheat thous. of bush Wheat flour _. _ thous. of bbls_. Freight cars: Loading, total - cars.. Coal and coke___ cars.. Forest products cars Grain and grain products . cars_. Livestock cars Merchandise, 1. c. 1 .. _. cars.. Miscellaneous cars Ore _ - - -- cars.. Net available surplus (da av ) cars Petroleum product on (da. av.) thous. of bbls._ Receipts: Cattle and calves (12 markets) thous.. Cotton into sight thous. of bales. _ Wheat, primary markets thous. bush.. Wool, total, Boston . _ thous. Ibs . Steel ingot production _per cent capacity _ _ WHOLESALE PRICES Chemical index - rel. to 1924, . Copper ingots, electrolytic, New York dolls. lb__ Cotton middling New York dolls Ib Food index (Bradstreet's) dolls. Ib Iron and steel composite dolls tons Wheat, No. 2, hard winter, Kansas City... dolls, bu... FINANCIAL Bank debts: New York City mills, of dolls... Outside New York City mills, of dolls... Bond sale, New York Exchange: United States Government thous. of dolls Average price 40 corporation bonds dolls.. Business failures number Federal reserve banks: Bills discounted mills, of dolls.. Total reserves mills of dolls Federal reserve member banks: Total loans and discounts mills, of dolls Other loans _ mills, of dolls.. Net demand, deposits mills of dolls Time deposits mills, of dolls Foreign exchange, sterling. _ _ dolls Interest rates on brokers' loans: Time money, New York _ .per cent Call money, New York percentMoney in circulation (daily average) .-mills, of dolls. Stocks, New York Exchange: Average price 50 stocks .. .. - _ dolls Sales .thous. of sharesStock prices, average weekly closing: Industrials, rails, and utilities (404).. rel. to 1926. All industrials (337) rel. to 1926. All railroads (33) rel. to 1926 All utilities (34). rel. to 1926. 90.1 82.0 68.7 146.2 ] 140. 6 143.0 124.2 143.7 I 142.4 145.2 124. 5 145.2 23 SUKVEY OF CURRENT BUSINESS July, 1931] Monthly Business Statistics The following table contains a summary of the monthly figures designed to show the trend in important industrial and commercial movements. These data represent continuations of the figures presented in the 1931 Annual Supplement to the Survey of Current Business, in which monthly figures for the past seven years may be found, together with explanations as to the sources and basis for the figures quoted. The figures given below should always be read in connection with these explanations. For later data, which have become available since these data were compiled, see recent Weekly Supplements to the Survey. CONTENTS Page 23 24 Industrial indexes Wholesale prices Commodity groups: Automobiles Chemicals and allied products. Foodstuffs Forest products Leather products Iron and steel Machinery Nonferrous metals Paper and its products Printing Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 26 27 29 33 34 35 37 38 39 40 Commodity groups—Continued. Rubber and its products Stone, clay, and glass Textiles Tobacco Miscellaneous Fuels Distribution movement Foreign trade Employment and wages Construction Public utilities Finance 1931 May April 40 41 42 44 44 45 46 48 48 50 51 53 1930 March Febru- January ary ^ Norom- October SeptemAugust ber D July June May INDUSTRIAL PRODUCTION Federal Reserve Board Total, unadjusted rel. to 1923-25 Total, adjusted. rel. to 1923-25 Manufactures, total unadjusted rel. to 1923-25-. Manufactures, total adjusted. ,rel. to 1923-25.. Automobiles rel to 1923-25 Cement . __.rel. to 1923-25 Food products rel to 1923-25 Iron and steel rel. to 1923-25 Leather ond shoes rel. to 1923-25 Nonferrous metals rel. to 1923-25 Paper and printing rel. to 1923-25 _ Petroleum refining rel. to 1923-25 Polished plateglass rel. to 1923-25 . Rubber tires rel. to 1923-25 Textiles rel. to 1923-25 _ Tobacco manufactures rel. to 1 923-25. _ Minerals, total unadjusted rel. to 1923-25.. Minerals, total adjusted rel. to 1923-25 Anthracite rel. to 1923-25 Bituminous coal. rel. to 1923-25.. Copper rel. to 1923-25 Crude petroleum rel. to 1923-25 Iron-ore shipments rel to 1923-25 Lead rel to 1923-25 Silver . rel. to 1923-25 Zinc rel. to 1923-25.. : 152 119 98 97 131 82 87 72 76 70 112 88 86 89 86 68 80 92 73 87 79 111 149 111 94 93 132 84 88 89 73 76 110 77 78 107 144 90 88 86 1 121 86 90 ! 93 77 72 110 54 71 54 61 79 63 65 82 62 65 83 68 65 109.8 104.4 109.2 101.3 118.2 119.1 106.4 109.4 105.0 97.6 108.6 114.0 108.2 105.8 105.7 102.8 117.5 115.7 110.3 105.5 109.0 108.0 130.6 120.0 97.6 90.2 100. 2 96.6 105.8 111.0 99.1 86.3 99.0 97. 5 116.4 99. 9 109.8 106.4 108.2 110.3 97.6 89.7 126.8 81.0 97.2 98.5 94.0 90.8 122.0 83.9 91.5 99.5 94.6 94.1 116.8 71.2 93.2 112.2 103.5 88.9 112.9 76.1 84.2 114.0 112.3 67.5 118.3 71.6 82.6 97.4 95.0 106.8 135.1 122.3 89.7 132.0 103.7 108.1 109.6 109.0 92.5 116.5 100.0 119.4 123.0 109. 6 98.3 105. 1 97.3 116.5 127.0 122.0 114.8 102.6 99.3 103.4 111.8 106. 5 113.9 75. 3 i 86.4 i 90 89 91 90 77 96 91 72 108 73 163 112 102 137 85 86 71 75 68 123 78 90 90 92 90 77 90 96 75 102 73 110 161 117 107 98 134 83 92 84 77 2 69 121 90 88 91 88 67 81 87 78 92 77 2110 82 83 81 81 63 84 93 6 78 82 76 80 85 83 89 59 85 85 84 84 74 86 94 65 93 91 91 90 62 111 96 86 95 97 109 165 95 84 88 125 100 94 80 85 89 114 79 101 73 93 90 91 89 91 62 117 91 93 95 96 109 164 65 96 81 130 101 96 88 82 84 117 96 106 70 94 91 95 90 94 75 116 94 93 95 97 111 166 105 93 84 137 100 97 82 86 83 120 95 103 69 91 99 100 99 100 90 119 93 110 97 96 116 170 114 119 84 141 103 100 78 89 86 124 108 99 75 99 106 104 106 105 101 119 98 110 98 101 119 173 143 121 90 134 102 103 80 92 90 127 104 104 80 94 115.3 94.2 116.0 111.8 119.5 135.0 119.0 101.3 125.8 112.3 122.3 130.5 81 : 80 85 101 149 65 73 87 128 89 94 93 85 76 111 ! i ! 87 103 151 91 77 93 119 95 92 83 86 83 114 51 83 73 70 90 87 88 85 49 97 94 75 89 95 107 160 101 88 91 129 104 98 105 87 83 115 74 94 70 90 105.4 96.3 100.6 103. 5 113.4 121. 3 103.2 93.2 107.3 99.6 118.4 116.1 110.7 88.1 110.6 103.1 120.1 130.9 106.9 87.1 112.0 94.3 110.2 125.0 105.1 87.9 109.9 102.9 106.5 129.0 99. 1 104. 3 103.2 110.7 106.9 105.1 115.3 119.0 71. 5 I 107. 1 68. 7 73. 3 102. 3 97. 8 74. 9 124. 4 73. 0 86. 5 99. 5 89. 6 80.9 137.2 84.9 77.1 101.2 87.0 88.4 148.6 73.5 105.6 101.4 97.4 86.6 141.2 87.7 97.7 100.3 95.2 75.3 139.2 97.3 100.0 100.5 95.1 102.9 145.4 96.8 107.3 110.0 106.8 105.8 138.2 66.3 102.4 123.2 116.3 110. 2 117.0 84. 3 99. 0 I ICO. 6 89. 8 106. 5 112.3 95. 3 105. 5 106. 2 87. 0 126.0 120.0 99.0 121.5 106.3 85.4 110.3 119.3 107.2 124.1 120.5 85.1 112.0 115.1 110.5 122.8 118.2 72.5 109.7 119. 9 103.8 116.8 110.8 79.7 115.2 137.5 104. 8 111.8 136.5 95.3 135.1 132.2 135.3 113.2 121.2 96.0 i ! ; 92 71 i 68 \ Industrial Consumption of Electrical Energy Activity by geographic sections: United States rel. to 1923-25 New England rel. to 1923-25.. North Central ..rel. to 1923-25.. Middle Atlantic. . . rel. to 1923-25 Southern rel to 1923-25 Western.. rel. to 1923-25 Activity by industries: All industry rel. to 1923-25 Automobiles, including repair parts rel to 1923-25 Food and kindred products rel. to 1923-25. . Leather and its products.. _rel. to 1 923-25. . Lumber and its products.. rel. to 1923-25-Metals group rel. to 1923-25 Metal working plantS-.rel. to 1923-25. . Rolling mills and steel plants rel. to 1923-25 Paper and pulp rel. to 1923-25.. Rubber and its pro ducts. __rel. to 1923-25-. Shipbuilding ..rel. to 1923-25.. Stone, clay and glass rel. to 1923-25 Textiles rel. to 1923-25.. 2 Revised. ; ! ' i ! ; | i I ; | 24 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey May April i March 1930 i Decem- Novem- October j Septem- August ber i ber ber i i ! 1931 F |^ru' January STOCKS AND ORDEBS ! New orders total Stocks, total Manufactured goods Raw materials Unnlled orders, total July June May 56. 7 ' 2 144. 4 i 120.6 i 161.7 1 2 62. 1 | 2 55. 4 151.3 ! 120.9 173.2 ! 264.2 46. 6 153.7 ; 121.0 177.4 3 62. 5 ' 48.2 156.8 i 120.8 182. 8 2 64. 7 48.6 163. 7 120.9 194.5 61.8 48.7 ! 161.8 : 119. 1 ! 192. 6 i 58.7 ! i 56.6 157. 2 ! 119.0 • 184. 8 58.6 59.7 144.6 118.6 ! 163.5 63.0 63.8 132.3 120.6 140.7 65.3 60.0 125.4 124.5 126.1 74.5 59.4 124.9 125. 4 124.5 75.9 65.3 130.8 125.2 134.8 78.1 73.3 i 75.6 ! 77.1 74. 5 ! 76.7 I 78.4 ; 75. 5 77.1 79.3 77.0 80.1 80.5 78.4 81.8 81.9 80.4 :! 85. 7 83.7 ; 82.6 88.6 85.6 84.2 89.2 86.8 1 84.0 87.1 86.4 84.0 86.3 86.7 86.8 90.5 88.9 89.1 92.0 91.0 78.4 79.1 60.9 80.9 ! 80.1 ! 61.6 ; 81.9 i 81.9 i 64.5 j 81.8 82.2 69. 6 82.9 83.6 i 69.8 | 84.4 84.8 70.5 85.6 85.2 : 71.8 85.8 86.0 75.1 86.4 i 86.6 ! 76.3 87.4 87.3 75.4 88.9 87.8 75.4 90.0 88.9 76.4 92.9 89.9 78.0 87. 3 87. 3 i 87. 4 l\ 86. 6 88.6 91.2 94.0 96.5 99.1 98.9 100.7 102.4 102. 6 89.2 66.3 62.8 90.8 1 67.6 i 63.9 i 90.8 ! 69.2 ! 64.7 j 90.8 ; 70.4 1 63.9 : 91.1 71.0 64.7 91.3 72.4 66.9 95.2 73. 3 67,8 95.3 73.8 68.8 95.4 75.5 69.7 95,9 77.7 ; 71.2 96.2 80.0 71.7 96.2 82.2 74.5 96.2 84.6 77. 5 73.2 66.5 74. 2 \ 68.3 i 75. 6 I 69.4 • 77. 1 ' 70.6 77.8 72.9 79.0 74.2 80,1 76.8 81.5 80.0 82.8 82.1 83.3 81.8 84.3 81.1 85.7 84.8 87. 5 87.8 68.9 66.9 71.1 ; 69.0 ! 79.2 ! 72.2 : 71.4 ! 80.9 \ 72.3 ! 71.0 81.4 73.4 72.0 : 82.7 74.3 73.6 84.7 75.6 76.1 86.4 75.5 77.8 87.6 76.5 79.7 89.2 78.1 80.7 90.6 79.7 80.9 89.8 82.0 81.7 91.0 83.5 83.4 93.4 rel to 1923-25 50.8 rel. to 1923-25 139.9 rel. to 1923-25.. 120.0 rel. to 1923-25.. 154. 4 rel. to 1 923-25. . 59.6 PRICE INDEXES Department of Labor Indexes: All commodities (550) rel. to 1926- . Food (121) . . . rel. to 1926 . Finished products (380) rel. to 1926.. Industrial group commodities— Building materials (57)..-rel. to 1926— Chemicals and drugs (78).rel. to 1926- . Fuel and lighting (23) rel. to 1926.. Hides and leather products (40) rel. to 1926- . House furnishing goods (37) . _ rel. to 1926 Textile products (75) rel. to 1926.. Miscellaneotis (25) rel. to 1926.. All except farm and food products (384) . rel. to 1926 Raw materials (108)... rel. to 1926. Semimanufactured articles (62) rel. to 1926Bradstreet's Index,. _ rel. to 1926-. Dun's Index rel. to 1926.. 71.3 72 9 75.1 WHOLESALE PRICES 4.50 4.29 3.00 3.00 2.00 2.42 3.11 Acetate of lime dolls, per cwt.. 2.00 2.00 ! 2. 00 2. 00 2.00 2.00 ! 85.9 81.2 73.4 81.2 82.8 Barley, No. 2, Minneapolis.__dolls. per bush., 73.4 75.0 76.6 75.0 I 68.7 i 68.7 i .45 68.7 : .198 .192 .182 Brass sheets, mill. dolls, per lb_. .169 .176 .179 i .178 .176 .172 ; .174 ! .171 . 165 .173 Brick, common, red, New York 10. .50 9.50 10.00 9.50 10.00 dolls per thous 9.50 9.50 9.50 10.25 ! 10.00 i 10.00 ! 10.00 ! 10.25 .35 .40 .39 i .35 .33 Butter, common, New York dolls, per lb-_ .32 .36 .40 .26 ! .29 | .28 '• .24 .29 77.8 88.9 73.3 Butter, New York rel to 1926 86.7 77.8 80.0 88.9 57 8 i 64.4 ! 62.2 i I 71.1 53.3 64.4 1. 6i7 1.600 1.600 1.600 1.600 Cement, Portland (composite) . .dolls, per lb_. 1.399 1.588 1.600 1. 580 1. 422 i 1. 477 i 1. 543 ! 1.578 i 92.7 91.1 91.7 Cement, Portland (composite) rel. to 1926,. 91.7 91.7 i 91.7 90.6 91.7 81.6 { 84. 1 ! 87. 9 i .802 88.5 i Cheese, American whole milk, New York .20 .18 .20 .19 .18 .19 .19 dolls, per lb-_ .15 i . 16 i . 16 : .14 .17 97 94 94 ! 95 94 94 96 Chemicals rel. to 1927— 93 90 ' 90 ' 89 ! 90 .092 .072 .072 ' .093 .089 .076 Coffee, Rio, No. 7, Brazil grades.dolls. per lb-_ i .070 .079 .053 ! .056 i .064 1 .068 ."06l" .1031 .1205 .1011 .1069 i .1102 Copper ingots, electrolytic dolls, per lb_. .0960 .0939 i .0985 .0972 ! .0984 i . 1030 .0867 *92.' 5 79.9 74.7 77.5 ! 87.3 Copper ingots, electrolytic _.rel. to 1926— 73.3 74.6 69.6 68.0 71.4 i 70.4 ! 62.8 71.3 [ Coal: i Anthracite14.33 14.32 14.80 14.57 14.53 14. 89 Retail, composite-dolls, per short ton.. 14.90 14.87 14.39 14.85 14.85 j 14.88 j 14.19 Wholesale, composite 12. 441 12. 707 12. 578 12. 366 12. 251 12. 751 12, 762 12.202 ! 2 12. 608 dolls, per short ton-- 12. 270 12. 732 1 12. 732 1 12. 751 90.4 91.4 89.0 92.3 89.8 | Wholesale, composite rel. to 1926— 92.6 92.7 88.6 ; 91.6 92.6 89.1 92.5 | 92.5 1 Bituminous— Mine average (spot) I 1.67 1.67 1.81 1.75 1.68 dolls per short ton 1.78 1.77 1.64 1.71 1.60 1.69 1.77 i 1.77 i Prepared sizes (composite) 4.085 4.156 4.096 4.342 4.303 4.180 .... dolls, per net ton __ 3.838 4. 336 3.845 I 3.999 4.223 ! 4.270 ! 4. 317 85.2 85.4 87.2 j 86.7 89.8 90.6 80.2 i Prepared sizes (composite) rel. to 1926— 90.0 90.5 83.4 88.1 ; 80.1 89.1 i 8.53 8.54 8.79 8.70 8.65 8.94 8.94 8.88 Retail, composite. dolls, per short ton-8.85 i 8.04 : 8.85 1 8.83 1 8.87 ; | 1 Wholesale, composite 3.892 3.892 3. 892 3.897 3.891 dolls, per short ton. _ 3.900 3.893 3.723 ! 3. 760 ! S 3. 791 ! 3.814 ! 3.829 ! 3. 898 90.4 90.2 | 90.2 90.4 90.2 90.2 90.4 90.3 87.2 j 2 87. 9 | Wholesale, composite rel. to 1926-. 86.3 ! 88. 4 88.8 | Coke, furnace, Connellsville 2.53 2.52 2.50 2.60 2.55 2.58 2.60 2.55 2. 50 ! dolls per short ton 2.48 1 2. 50 !i 2. 53 I 2.55 ! 61.5 62.1 61.4 60.9 62. 1 63.3 62.7 63.3 60.9 1 60.3 : 60. 9 61. 5 ! Coke, furnace, Connellsville rel. to 1926 .. 62.1 .0850 .0825 .0869 .0670 . 0775 .0675 Cocoa, spot, Accra, New York.. dolls, per lb_. .0688 .0494 | .0535 ! .0550 .0563 .0619 : . 0675 Corn: .79 .82 .79 .82 .94 .99 .71 No. 3, yellow, Chicago. ..dolls, per bush-.69 .58 ! .56 ; .65 i . 60 ! .61 105.3 109.2 105.3 131.2 125.3 94.7 109.3 74.7 77.3 i No. 3, yellow, Chicago . rel. to 1926.. 92.0 80. 0 ! 81. 3 86.7 i .78 .92 .80 .82 .89 .80 .69 .52 No. 3, Kansas City dolls, per bush .53 : .54 i .54 i .66 .59 .80 .84 .81 .97 .99 .76 .88 No. 3, White, Chicago... .dolls, per bush.. .58 .56 ; . 60 j .63 .73 .68 | Cotton: .145 .114 .140 .092 .099 .119 To producer. dolls, per lb..096 .088 : .087 .093 .096 .091 .086 ' .164 .121 .132 .145 .109 In New York, middling dolls, per lb_. .101 .110 .107 .093 | .102 .102 j . 109 j . 110 Cottonseed oil, refined, yellow, .088 .084 .083 .081 | .080 .069 prime, New York dolls, per lb._ I .072 .076 .076 .076 .076 .073 .073 Cotton goods: .061 .054 .056 Print cloth 64 x 60.. .dolls, per yd.055 .053 .050 .050 .053 . 055 1 . 053 .052 ! .053 .057 80.2 74.7 72.9 70.4 i 65.7 i 69. 6 Print cloth, 64 x 60 rel. to 1926— 70.4 75. 5 ! 66.6 71.8 73.3 ! 69.6 68.8 1 .078 .075 .058 . 059 Sheeting, brown .dolls, per yd.. .070 .070 ! .059 i .065 .065 1 .066 .066 .070 .062 ! 83.9 Sheeting, brown rel. to 1926-. 80.3 62.8 63.2 75.1 74.9 75.3 69.9 ! 70.9 i 63.3 ! 69.8 71. 3 67.0 137 134 130 124 124 115 119 121 I 119 Cotton goods (Fairchild). rel. to 1911-1913122 I 124 | 126 120 Cotton yarns: 9 9 931 .290 .252 .262 .273 22/1 cones, Boston dolls per Ib .254 .242 ?23 .235 40 39 .247 ! .248 80.9 62.2 67.4 | 76.2 22/1 cones, Boston. rel. to 1926.. 73.1 i 64.5 71.0 65. 5 70.3 66. 8 ' 66. 7 68.8 i 69.1 , .473 40/15 southern spinning .dolls, per lb_. .420 i .435 .461 i .353 .369 . 382 . 390 .390 j .405 ! .413 .447 ! .390 ; i Drugs and Pharmaceuticals 176 176 176 174 \ 175 rel. to Aug., 1914- i 175 ! 176 176 157 160 175 1 176 175 161 154 139 Drugs, crude rel. to Aug., 1914.. 1 143 147 130 137 i 137 131 137 i 130 : 131 133 113 Essential oils rel. to Aug., 1914.. ! 91 79 82 107 ! Ill 85 ! 87 90 97 81 80 81 2.68 2.32 Flaxseed, No. 1, Minneapolis.. dolls, per bush.. 1.90 | 2.71 1.55 1.65 1.80 2.00 1.57 1.58 ; 1.56 1. 61 1.57 ; Flour, see under wheat flour. j Food, wholesale, see under individual items. 150. 1 147.9 | 124. 0 144.4 : 145. 6 121.0 Food, retail (Dept. of Labor) rel. to 1913.. 137. 2 | 141.4 143.7 144.0 126.4 127.0 132.8 ; Hides: Green salted, packers' .143 .152 .146 .141 .085 .092 heavy native steers dolls, per lb_. .133 ! .136 . 090 • . 073 .095 ! .107 .118 i Green-salted packers' 102.0 84.2 100.1 108.3 60.2 64. 1 i 52. 1 103. 8 heavy native steers _rel. to 1926.. 67.7 75.9 ! 94.8 1 96.7 65. 5 .169 .175 ,144 i .172 ! .161 .129 ! .156 j .165 .165 Calfskins, country, No. 1 dolls, per lb_. ! .135 .128 : .117 .125 ; 100.9 97.3 95.2 99. 2 ! 95.2 74.1 I 73.4 ! 67.4 83.0 I 89.7 ! 93.0 Calfskins, country, No. 1 rel. to 1926.. 1 71.8 1 77.9 »Revised. : .18 25 SURVEY OF CURRENT BUSINESS July, 1.931] MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1930 1931 May April March Fc *"- January Decem- Novem- October Septem- August ber ber ber July June May WHOLESALE P&ICES— Continued Hosiery rel to 1926 Iron and steel, metals and metal products rel. to 19?6 Iron, raw: Basic (valley furnace). dolls, per long ton_Basic (valley furnace) rel. to 1926— Composite pig iron dolls, per long ton.. Foundry No. 2, northern dolls, per long ton-.. Foundry No. 2, northern .rel. to 1926- Lard, prime contract, New York dolls, per J b _ . Lead, pig, desilverized, New York. dolls, per Ib Lead, pig, desilverized, New York. . _ rel to 1926 Leather, composite, wholesale price rel. to 1926Leather, sole and belting, oak, and scoured backs dolls, per Ib-Leather, sole and belting, oak, and scoured backs rel. to 1926— Leather, upper, composite, chrome, calf black," B "grade. dolls, per sq.ft... Leather, hides (see under hides). Leather, shoes (see under shoes). Linseed oil, New York _ dolls, per Ib Lumber: Composite, wholesale prico.-.rel. to 1926— Southern yellow pine dolls per M ft b m Southern yellow pine rel. to 1926— Douglas fir, No. 1, common dolls, per M ft. b. m._ Douglas fir, flooring, 1 x 4, "B" and better (V. G. Washington) ..dolls, per M ft. b. m__ Meats: Beef, fresh, carcass, good native steers, Chicago dolls, per lb_. Beef, fresh, carcass, good native steers, Chicago rel. to 1926— Beef, fresh, carcass, steers, New York dolls, per Ib— Beef, fresh, carcass, steers, New York rel. to 1926— Cattle, corn-fed, Chicago.dolls. per 1001bs_. Cattle, corn-fed Chicago rel. to 1926— Hogs, heavy, Chicago-dolls, per 100 lbs__ Hogs, heavy, Chicago rel. to 1926— Sheep, owes, Chicago dolls, per cwt__ Sheep, ewes, Chicago.— -rel. to 1926— Sheep, lambs, Chicago dolls, per Ib— Sheep, iambs, Chicago rel. to 1926— Pork, hams, smoked, Chicago dolls. perlb— Pork, hams, smoked, Chicago rel. to 1926Western dressed steers, New York dolls, per Ib Methanol: Refined dolls, per gal Milk, condensed, New York. _ dolls, per case— Milk, evaporated dolls, per case— Nonferrous metals — ... rel. to 1926 Oats: No. 3, white, Chicago dolls, per bush.. No. 3, white, Chicago rel. to 1926— Oils and fats rel. to 1927.. Oleomargarine, standard, un colored, Chicago _ dolls, per Ib Oleomargarine, standard, un colored, Chicago __ _. __ _ rel. to 1926 Paper, newsprint roll, delivered, New York dolls per 100 Ibs Paper, newsprint roll, delivered, New York rel. to 1926— Petr oleum: Crude, Kansas-Oklahoma_dolls. per bbl__ Crude, Kansas-Oklahoma rel. to 1926— Gas and fuel oils, Oklahoma 24-26, refineries dolls per bbl Gasoline, New Y o r k _ _ . dolls, per gal.. Kerosene, 150° water white_dolls. per gal— Lubricating oil, cylinder dolls, per galPig iron, foundry No. 2, Pittsburgh . dolls, per long ton Pig iron, foundry No. 2, Pittsburgh rel. to 1926 Potatoes dolls, per bush-Potatoes rel. to 1926— Rayon, 150 denier "A" grade, New York dolls, per Ib— Rosin, gum "B," New York— dols. per bbl— Rubber, crude, smoked sheets, New York dolls, perlb-Rubber, crude, smoked sheets, New York rel to 1926 Rye, No. 2, Minneapolis dolls, per bush-Rye, No. 2, Minneapolis rel. to 1926— Sheeps, ewes, Chicago dolls, per 100 Ibs— Sheep, ewes, Chicago rel. to 1926— Sheep, lambs, Chicago dolls, per 100 Ibs— 62995—31 4 50.8 50.8 51.9 51.9 51.9 58.3 58.3 60.5 62.6 64.8 69.1 69.1 73.4 87.8 88.7 89.0 88.9 89.3 90.0 90.2 90.4 91.8 92.7 94.3 95.4 96.8 16. 25 87.6 16.64 16. 50 89.0 16.75 16.50 89.0 16.72 16. 75 90.3 16.82 17.00 91.7 16.94 17.00 91.7 17.01 17.00 91.7 17.14 17.00 91.7 17.30 17.60 94.9 17.79 18.00 97.0 17.99 18.10 97.6 18.22 18.50 99.7 18.55 18.50 99.7 18.66 18. 76 91.0 18.76 91.0 18. 26 88.6 18. 51 89.8 18.76 91.0 18.76 91.0 18. 76 91.0 18.89 91.6 19.56 94.9 19.76 95.8 19.86 96.3 20.26 98. 3 20.26 98.3 .082 .090 .094 .085 .090 .100 .112 .119 .119 .114 .100 .102 .107 . 0552 .0382 .0441 . 0453 . 0455 . 0480 .0510 .0510 .0515 .0550 . 0549 .0525 .0541 45. 4 52. 4 53.8 54.0 57.0 60.6 60.6 61.2 65.3 65.2 62.4 64.3 65.6 104.2 88.1 88.4 88.4 89.0 90.8 91.5 93.3 96.7 98.2 99.9 100.1 102.9 .37 .37 .37 .37 .38 .40 .41 .41 .44 .46 .46 .44 .46 ,„ 100.4 104.9 .371 .371 104.9 81. 4 84.4 84.4 83.3 86.7 91.3 93.5 93.5 100.4 104,9 .380 .356 .352 .354 .359 .355 .367 .372 .372 .371 .088 .092 . 095 .092 .088 .092 .094 .099 .105 .131 .140 .140 .140 68.4 73.3 74.2 73.2 76.0 78.1 80.1 80.2 80.8 81.1 83.3 85.3 89.7 28.82 63. 9 28.32 62.8 29. 66 65.8 28.42 63.0 30.73 68.1 32. 51 72.1 33.44 74.1 34.01 75.4 33.48 74.2 31.72 70.3 33.89 75.1 33.06 73.3 36.53 81.0 11.64 12. 12 12.68 12.86 12.82 12.99 13.25 12.98 13.14 13.44 14.47 14.30 15.16 28.33 29.74 31.14 31.65 31.33 31.73 33.40 33.77 34.58 35.65 36.57 36.94 38.19 .143 .160 .169 .178 .195 .195 .195 .195 .» .168 .174 .195 86.8 97.1 102.8 108.1 118.8 118.8 118.8 118.8 116.1 102.4 105.7 118.8 .215 130.9 .172 .180 .196 .205 .205 .205 .205 .203 .173 .177 .218 .220 90.8 7.675 80.5 6.40 51.9 2.44 37.0 8.356 61.0 100.8 8.563 89.9 7.08 57.4 3.29 50.0 8.76 64. 0 105. 4 9.075 95.2 7.18 58.2 3.79 57.5 8.27 60.4 115.0 9.106 95.6 6.73 54.5 3.69 55.9 8.31 60.7 120.1 10.00 105.0 7.34 59.5 3.44 52.1 7.98 58.3 120.1 10.58 111.0 7.94 64.3 2.93 44.4 7.40 54.0 120.1 10.31 108.2 8.86 71.8 3.38 51.2 7.13 52.0 120.1 9.97 104.6 9.86 79.9 3.84 43.1 7.03 51.3 118.6 10.33 108.4 10.58 85.8 3.08 46.6 7.35 53.6 101.1 9.14 95.9 9.78 79.2 3.09 46.9 7.72 56.3 103.7 9.28 97.4 8.94 72.5 3.06 46.5 8.13 59.3 127.4 10.73 112.6 9.68 78.4 3.45 52.3 9.73 71.0 128.9 11.56 121.3 10.02 81.2 4.78 72.5 9.04 66.0 . 155 .182 .184 .187 .195 .207 .213 .222 .221 .227 .229 .230 .233 .228 59. 2 59. 7 60.7 63.5 67.1 69.2 72.1 71.7 73.8 74.4 74.7 75.6 73.9 . 155 .172 .180 .196 .205 .205 .205 .205 .203 .173 .177 .218 .220 .35 5. 65 3. 30 60. 6 .35 5.65 3.50 65.1 .40 5.65 3. 50 67.1 .40 5.79 3.50 66.1 .40 6.03 3.75 67.4 .40 6.03 3.80 69.7 .40 6.03 3.80 68.4 .40 6.03 3.80 67.8 .40 6.03 3.80 71.2 .40 6.03 3.80 72.7 .40 6.03 3.74 73.5 .40 6.13 3.69 78.1 .40 6.13 3.95 80.6 .28 68.3 .30 73.2 72 .31 75.6 71 .32 78.0 68 .32 78.0 71 .34 82.9 73 .33 80.5 73 .36 87.8 74 .38 92.7 78 .39 95.1 87 .35 85.4 88 .38 92.7 89 .41 100.0 92 .128 . 145 .145 .155 .177 .190 .205 .205 .205 .205 .205 .228 .235 55. 9 63. 5 63.5 67.9 77.6 83.3 89.8 89.8 89.8 89.8 89.8 99.7 3.10 3.10 3. 10 3.10 3. 25 3.25 3.25 3.25 3.25 3.25 103.0 3.25 89.9 89.9 89.9 89.9 94.2 94.2 94.2 94.2 94.2 94.2 1.178 62.5 1.178 62.5 1.178 62.5 .625 .163 .052 .210 .675 .163 .055 .284 . 530 28.1 .530 28.1 .594 31.5 .850 45.1 .850 45.1 .850 45.1 .850 45.1 1.098 58.3 1.178 62.5 .133 .045 .488 .133 .048 . 145 .510 .133 .051 .145 .588 .138 .053 .146 .600 .135 .054 .165 .610 .141 .054 .172 .650 .141 .053 .184 .594 .143 .054 .186 .580 .148 .053 .190 .600 . 163 .050 .193 18. 76 18. 76 18.26 18.51 18.76 18.76 18.76 18. 89 19.56 19.76 19.86 20.26 91.0 .870 47 91.0 .908 49 88.6 .849 46 89.8 .867 47 91.0 .903 49 91.0 .898 48 91.0 .950 51 91.6 1.017 55 94.9 1.099 59 95.8 1.088 59 96.3 1.294 70 98.3 1.486 80 .75 4.70 75 4.73 .75 4.64 .75 4.38 .75 4.45 .95 4.95 .95 5.29 .95 5.54 .95 5.80 .95 5.39 .95 5.90 1.15 6.50 .064 .064 .077 .076 .082 .089 .089 .084 .080 .100 111 .124 13.2 .36 39.1 2.44 37.0 8.36 13.2 .35 38.0 3.29 50.0 8.76 15.9 .36 39.1 3.79 57.5 8,27 15.7 .37 40.2 3.69 55.9 8.31 16.9 .38 41.3 i 3.44 • 52.1 7.98 i 18.4 .44 47.8 2.93 44.4 7.40 18.4 .43 46.7 3.38 51.2 7.13 17.3 .49 53.3 3.84 43.1 7.03 16.5 .55 59.8 3.08 46.6 7.35 20.6 .60 65.2 3.09 46.9 7.72 22.9 .55 59.9 3.06 46.5 8.13 25.6 .57 62.0 3.45 52.3 9.73 94.2 1.178 62.5 .744 .163 .060 .340 20.26 98.3 1.502 81 1.15 6.34 .142 29.3 .65 70.7 4.78 72.5 9.04 72.5 26 SUEVEY OF CUERENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued 1930 Earlier data for items shown here may i be found in the 1931 Annual Supplement to the Survey May WHOLESALE PRICES— Continued Sheep, lambs, Chicago ... __rel. to 1926_ _ j Shoes, men's black calf blucher, \ Boston dolls, per pair.. I Shoes, men's black calf blucher, ! Boston rel. to 1926..; Shoes, men's dress welt, tan calf, ' oxford St Louis dolls, per pair Shoes, men's dress welt, tan calf, I oxford, St Louis - . rel. to 1926.. Shoes, women's black kid, dressed j oxford welt lace dolls, per pair _ i Silk, raw, Japanese, 13-15, New York dolls, per l b _ _ ; Silk, raw, Japanese, 13-15, \ New York rel. to 1926. J Silk goods, composite dolls, per yd Steel beams, mill, Pittsburgh. .dolls, per cwt-.i Steel beams, mill, Pittsburgh rel to. 1926. J Steel, crude: Composite, finished steel dolls, per 100 lbs..j Iron and steel, composite dolls, per long ton .: Steel billets, Bessemer. dolls, per long ton_.| Steel billets, Bessemer rel. to 1926. _| Structural steel beams. -dolls, per 100 lbs_.^ Structural steel beams rel. to 1926.. Sulphuric acid dolls, per 100 lbs._ Sugar: \ Retail average, 51 cities rel. to 1913.. Retail granulated, New York. dolls, perlb.. Wholesale, 96° centrif., New York dolls, per lb._ Wholesale, 96° centrif., New York . rel. to 1926. _ Wholesale, granulated, New York ..dolls, perlb.. Wholesale, granulated, New York rel. to 1926. .! Tea, Formosa fine, New York... dolls, per lb._ Textiles, general rel. to 1926. . Tin, wholesale, straits, i New York -dolls, per l b _ . j Turpentine, gum, southern, New York dolls, per gal..| Wheat: ! No. 1, northern spring, ; Minneapolis dolls, per bush..! No. 1, northern spring, Minneapolis rel. to 1926— No. 2, red winter, St Louis ..dolls, per bush..' No. 2, red winter, St. Louis... rel. to 1926— No. 2, hard winter, Kansas City dells, per bush.. No. 2, hard winter, Kansas City rel. to 1926.. Wheat flour: Standard patents, Minneapolis - dolls, per bbl Standard patents, Minneapolis rel. to 1926. _ Winter straights, Kansas City dolls, per bbl.. Winter straights, Kansas City rel. to 1926.. Wool: Raw, territory, fine, scoured.dolls. per lb-_ Raw, Ohio and Pennsylvania, fleeces, H blood, combing grease .-dolls, per lb._ Suiting, 13 oz . .dolls, per yd.. Suiting 13 oz - rel. to 1926Women's dress goods, French serge, 39-in . _. dolls, per yd._ Women's dress goods, French serge 39-in rel. to 1926 Worsted yarns -- -dolls, per lb_. Worsted yarns rel. to 1926 Zinc, prime western dolls, per lb-~ RETAIL PRICES Retail food index (Dept. of Labor) _rel. to 1913. . Retail coal index (Dept. of Labor) .rel. to 1913. . FARM PRICES Cotton and cottonseed (2) rel. to 1909-14.. Dairy and poultry products (4)_rel. to 1909-14. . Fruits and vegetables (9) rel. to 1909-14.. Grains (6) rel. to 1909-14. . Meat animals (5) . . _ rel. to 1909-14. _ Unclassified (5) rel. to 1909-14 All groups (31) . rel. to 1909-14.. AUTOMOBILES Production index (Fed. Res. Bd.) rel. to 1923-25. _ Production index (elect, energy consumed) rel. to 1923-25.. Accessories and parts, shipments: Accessories— _ rel. to Jan., 1925.. Original equipment rel. to Jan., 1925 Replacement parts rel. to Jan., 1925.. Service parts.. _ rel. to Jan., 1925.. March April * e bru- january i • SeptemDecemAugust " berm~ (->ct°t>er ber ber i ! July I j June May 61.0 50.0 60.4 60.7 58.3 54.0 52.0 51.3 53.6 56.3 59.3 71.0 6.75 6.75 6.75 6.75 6.75 6.75 6.75 6.75 6.75 6.75 6.75 6.75 6.75 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105. 5 105.5 105. 5 105.5 105.5 4.60 4.60 4.60 4.60 4.60 4.72 4.85 4.85 4.85 4.85 4.85 4.85 4.85 95.0 95.0 95.0 95.0 95.0 97.3 \ 100. 2 100.2 100.2 3.66 4.25 4.25 2.807 2.709 ; 2.463 2.512 2.413 45.3 1.02 1.63 83.0 43.7 ! 39.8 1.02 1.60 81.7 40.6 1.02 1.60 81.7 39.0 1.04 1.60 81.7 2.266 36.6 . 1. 65 84. 3 2.266 2. 561 36.6 .99 1.65 84.3 41.3 .99 1.65 84.3 2.709 43.7 J.OO 1.65 84.3 ; 2.22 2.23 2.22 2.22 31. 39 29.50 84.3 1.65 84.3 .75 31.61 30.00 85.7 1.65 84.3 .75 31.66 30.00 85.7 1.65 84.3 .75 31. 65 30.00 85.7 1.65 84.3 .75 31.70 30.00 85.7 1.63 83.0 . 75 102 .050 104 .050 106 .051 107 .053 107 .053 .032 .033 .033 .033 73.5 75.6 75.8 76.3 .043 .044 .043 78.3 .225 66.3 80.1 .225 67.6 . 2320 2.21 1.02 ; 1.60 i 81.7 ! i l 66.0 100.2 100.2 100.2 100.2 4.25 4.25 4.25 4.25 4.25 4.25 2.955 2. 955 3.251 3.940 47.7 1.06 1.65 84.3 47.7 1.08 1.65 84.3 52.5 1.09 1.70 86.8 i I ; j 63.6 1. 11 1.80 91.9 2.20 2.22 2.24 2.26 2.29 2.33 ; 2.35 32.31 31.00 88.6 1.60 81.7 .75 32.67 31.00 88.6 1.60 81.7 .75 33.01 31.00 88.6 1.65 84.3 .75 33. 25 31.00 88.6 1.65 84.3 .75 33. 53 31.00 88.6 i 1.70 86.8 .75 33.84 32. 50 92.9 1.80 91.9 ! 31.95 31.00 88.6 1.60 81.7 .75 107 ' .053 ! 107 .053 106 .053 107 .054 111 .054 111 .054 111 .055 115 .057 .034 .033 .034 .033 .031 .032 .033 .032 .032 77.9 75.8 78.8 76.3 72.1 73.0 75. 3 74.4 74.0 .045 .046 .046 .047 .044 .043 .044 .046 .045 .048 79.2 .225 69.2 81.4 .225 70.4 83.4 .225 71.0 83.2 .225 72.4 85.0 .225 73.3 80.8 . 223 73.8 79.2 .224 75.5 80.3 .290 77.7 84.1 .292 80.0 82.7 ! .300 ! 82.2 86.7 .300 84.6 . 3030 | .3213 2.19 1 31.76 30.60 87.4 1.60 81.7 .75 i ' !; . 2512 . 2707 ; . 2631 .2610 .2527 . 2589 .2686 .2964 .3002 .2981 .54 .56 .53 .45 .44 .42 .43 .41 .44 .41 .43 .47 .49 .81 .79 .76 i . 75 .76 .77 .75 .82 .87 .91 .92 1.00 1.07 57.6 58.2 63.3 ! 67.7 .85 54.8 1.05 67.7 1.14 73.5 51.3 .79 51.0 .73 49.0 50.0 48.1 | .80 51.6 .73 | 49.0 47.5 48.7 48.1 47.5 55.1 51.9 .78 ! 50.3 ! .79 51.0 .78 50.3 1 .83 53.5 .83 53.5 .87 56.1 .88 56.8 1 .70 .69 .69 .71 .69 .74 .78 1 .81 .80 .89 .99 47.0 46.3 46.3 47.7 46. 3 49.7 52.3 1 54.4 53.7 59.7 66.4 .89 57.4 : 4.85 4.71 4.67 4. 85 4.96 4.89 4.69 4.98 5.08 5.34 5. 51 5.83 5.97 57.6 55.9 55.4 57.6 58.9 58.0 55. 7 59. 1 60.3 i 63.4 65. 3 69.1 70.8 4.14 4.02 4.00 4.06 4.09 4.03 4.14 4.23 4.44 ! 4.56 4.64 4.09 5. 27 62.8 64.0 68.9 72.7 .76 .76 .76 .77 .31 1. 601 79.8 .31 1.696 84.6 .31 1. 756 87.6 .29 1. 756 87.6 57.1 55.4 .63 .65 .66 .22 1. 494 ! 74.5 .22 i 1. 543 ; 77.0 i .20 1.494 74.5 55.2 56.0 .66 55.6 56.3 .68 57.1 . 72 .72 .26 ! 1. 601 i 79.8 .90 .90 ! .90 .90 .90 .90 87.0 1.17 81.8 .0410 87.0 1.20 83.6 i .0427 87.0 1.20 83.6 . 0406 87.0 ' 1.20 83.6 . 0427 ; 87.0 1.20 83.6 . 0436 87.0 1.20 83.6 . 0435 87.0 1.20 83.6 .0444 87.0 1.23 83.6 . 0464 145. 6 187.0 1 143. 7 184. 1 144.0 183. 6 147.9 180.9 150. 1 181.0 148 100 1 128 67 111 ' 94 115 149 101 119 70 108 99 111 173 92 127 75 111 115 114 193 106 141 79 123 119 120 193 105 142 78 124 62 62 75 90 101 86.6 75.3 102.9 105.8 60 87 132 104 65 83 127 115 71 119 131 128 78 153 137 165 .27 1. 601 79.8 .29 1.601 79.8 .90 .30 1.601 79.8 .90 1.00 69. 7 . 0331 1.00 69. 7 .0372 j 1.00 69.7 ! . 0400 1 1.10 76.6 . 0401 121.0 i 179.4 124. 0 181.8 126.4 187.7 127.0 187. 6 132.8 188. 1 i 137. 2 188. 1 141.4 188.0 144.4 187. 9 i i J 73 120 108 80 112 70 97 80 130 114 80 118 73 103 76 126 127 92 123 70 106 77 377 89.7 1 ! i ! i 90.8 66 i 127 127 118 ; .31 ! 1.601 ! 79. 8 | .23 1. 601 79.8 .90 78 96 120 74 106 63 91 .76 .75 87.0 1. 10 76.6 i . 0404 74 87 119 74 99 62 86 61.3 1 58.3 80 99 ! 109 ! 74 106 1 9165 ! 76 95 109 1 75 ! 106 67 90 | 72 108 108 77 112 69 94 67 i 68 63 94. 1 | 88.9 ! 65 117 1 110 115 53 95 99 97 ! 1 I 67.5 j 46 ! 84 i 98 92 1 1 ; i 1 ! 85 71.5 ; i 55 64 ; 100 ! 75 ! 74.9 63 I 62 127 I 80 ! i ! ! ! 1 1 49 80.9 j 79 1 75 ! 140 99 i 83 123 88.4 76 79 139 105 1 27 SURVEY OF CURRENT BUSINESS July, 1931] MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 193O 1931 May April Febru- January ary March Decem- Novem- October Septem- August ber ber ber July June May AUTOMOBILES— Continued Electric industrial trucks and tractors: Shipments69 Domestic number.. Exports number. _ Exports (assembled) : From Canada1,512 Total no. ofcars.. 1, 083 Passenger cars.. no. of cars-429 Trucks . . no. of cars. . From United StatesTotal no. of cars.. 12, 966 Passenger cars no of cars 8, 468 4,498 Trucks no. of cars.. Financing: Wholesale dealers thous. of dolls.. 72, 567 Total consumers . thous. of dolls.. 109, 557 New cars— thous. of dolls.. 68, 638 Used cars . thous. of dolls. _ 37, 858 3,062 Unclassified ...thous. of dolls~_ Fire-extinguishing equipment: Shipments74 Motor vehicles number Hand types . number, _ 31, 117 New passenger-car, registrations total no. of cars. Prod'uction, actual: CanadaTotal no of cars 12, 738 Passenger cars no. of cars.. 10, 621 Trucks . . no. ofcars.. 2,117 United StatesTotal ..no. of cars.. 315, 115 Passengers cars _ no. of cars.. 269, 080 Taxicabs no. of cars 340 Trucks no. of cars _ 45, 695 Rim production _ thous. of rims. . 1,508 Sales (General Motors Corp.): Total to consumers, U. S no. of cars.. 122, 717 Total to dealers, U. S no. of cars.. 136, 778 Total to dealers, including Canadian and overseas _. __ _ ._ _ no. of cars _ 153, 730 48 23 84 9 50 6 33 5 42 9 37 9 91 77 6 82 11 102 11 67 32 127 19 1, 172 763 409 1,853 1,327 526 1,565 881 684 3,054 1,798 1,256 3,645 2,193 1,452 2,588 1,260 1,328 2,868 2,003 865 6,641 4,293 2,348 3,922 2,552 1,370 3,521 2,471 1,050 3,670 2,240 1,430 3,024 2,131 893 16, 727 11, 228 5,499 17, 528 11, 526 6,002 13, 374 9,187 4,187 12, 838 8,304 4,534 14, 198 9,096 5,102 12, 078 6,039 6,039 11,215 7,136 4,079 13, 437 8,125 5,312 13, 274 7,956 5,318 11, 870 7,828 4,042 15, 437 10, 101 5,336 26, 542 16, 876 9,666 40, 165 61, 855 i 32, 993 27, 305 2 1, 557 35, 601 66, 068 35, 382 28, 899 1,787 29, 684 60, 295 31, 843 26, 902 1,550 35, 962 81,415 45, 710 33, 835 1,869 45, 397 90, 504 52, 932 35, 305 2,267 45, 411 102, 994 63, 102 37, 218 2,674 55, 430 119,014 73, 554 42, 775 2,685 53, 802 138, 411 91, 224 43, 086 4,101 83, 660 115, 383 68, 278 42, 906 4,199 56 27,713 113 34, 295 71 29, 213 96 36, 303 86 37, 482 118 34, 958 118 43, 065 106 44, 911 95 56, 620 126,786 96, 054 93, 066 150, 219 175, 286 203, 737 254, 098 260, 861 345, 031 5, 622 4,225 1,397 5,407 3,527 1,880 4,541 3,206 1,335 7,957 5,623 2,334 9,792 6,946 2,846 10, 188 8,556 1,632 15, 090 12, 194 1 2, 896 26, 672 21, 251 3,421 71, 155 2 63, 090 113, 158 2 92, 229 70, 659 2 55, 098 39, 668 2 34, 778 2,831 2 2, 353 72 32, 538 265, 732 17, 159 14, 043 3,116 76 34, 248 2 2 2 2 2 69 29, 280 200,841 2 134,133 12, 993 10, 483 2,510 2 2 2 2 49, 813 66, 266 36, 907 27, 738 2 1, 621 2 6,496 4,552 ! 1,944 ! 9,871 7,529 2,342 2 171,848 i 155, 701 137,805 2 120, 833 512 1 1,425 2 33, 531 | 2 33, 443 681 j 567 335, 708 285, 028 665 50, 015 1,718 276, 405 2 219,940 230, 834 179, 890 529 410 2 45, 161 2 39, 521 1, 425 1,011 135, 663 132, 629 101, 339 98, 943 68, 976 80, 373 61,566 ! 76,681 1 57, 989 68, 252 41, 757 48, 155 57, 757 22, 924 75, 805 69, 901 86, 426 76, 140 80, 147 70, 716 97, 318 87, 595 131,817 136, 169 154, 252 119, 195 96, 003 89, 349 80, 008 57, 257 28, 253 78, 792 85, 610 79, 976 97, 440 147, 483 149 J 136, 754 154, 401 220, 649 2 224, 368 265, 533 334, 506 100, 532 2113,226 * 175, 496 183, 532 2221,829 2285,473 582 386 463 609 930 376 2 35, 613 2 40, 593 244,223 2 40, 450 J 43, 328 248,570 864 1,504 1,338 1,052 1, 449 920 420, 027 360,929 440 2 58, 659 2,010 2 CHEMICALS AND ALLIED PRODUCTS Production index (Fed. Res. Bd.) rel. to 1923-25 Production index (elect, energy consumed) rel. to 1923-25.. Prices, wholesale rel. to 1926.. Stocks, manufactured goods, end of mouth___ rel. to 1923-25.. Stocks, raw material, end of month rel. to 1923-25 144 i 161 152 149 151 160 165 164 166 170 173 133.8 79.1 137.4 80.1 139. 3 81.9 146.6 82.2 132.0 83.6 133.5 84.8 145.0 85.2 122.4 86.0 147.1 86.6 135.7 87.3 140.6 87.8 138.6 88.9 146.6 89.9 128.7 2 129. 0 132.0 130.7 128.8 123.9 124.2 125.2 121.3 117.3 121.2 128.0 133.5 88.9 91.5 96.5 103.2 107.7 124.2 128.5 132.7 120.0 98.1 92.9 94.4 96.5 4,517 5, 278 28, 880 7,509 4,531 29, 641 7, 326 3, 520 26, 745 8,245 5,195 ! 22,939 | 7,542 8,480 19, 888 6,674 9,496 20, 826 6,018 8,207 23, 649 6, 038 3,722 25, 838 3,568 3,109 22, 547 4,847 5,703 22, 089 6,819 5,741 22, 945 Chemicals Acetate of lime: Production __ _ _ _„ thous. of Ibs Shipments thous. of lbs__ Stocks, end of month . ._ thous. of Ibs Exports.. . thous. of Ibs Price, wholesale ... dolls, per cwt 2.00 Arsenic, crude: Production _ short tons 1,491 Stocks, end of month. short tons _ 4,768 Arsenic refined: Production short tons 1,044 Stocks, end of month short tons 2,012 Dyes and dyestulfs, exports: Vegetable thous. of Ibs... 358 Coal tar thous. of lbs._ 1,782 Ethyl alcohol: Production... thous. of gals._ 13, 120 Warehouse stocks, end of month thous. of gals_. 14, 711 Withdrawn for denaturization thous. of gals._ 10, 288 Methanol, crude: Production gallons. . Stocks at crude plants, end of month gallons.. Stocks at refineries and in transit.- gallons. . Exports gallons.. "52," 048" Menthanol, refined: Price, wholesale, New York.dolls. per gaL. .35 Production gallons.. Shipments gallons. . Stocks, end of month gallons.. Nitrate of soda: Imports . . . . . long tons 34, 006 Production in Chile metric tons.. Potash salts: Imports long tons 13, 849 Sales in Germany (KaO content) metric tons Price index numbers: Crude drugs rel. to Aug., 1914— 130 Essential oils ...rel. to Aug., 1914.. 79 Drugs and Pharmaceuticals rel. to Aug., 1914. _ 157 Chemicals rel. to 1927.. Oils and fats _rel. to 1927«Revised. 2.00 2.00 2.00 2.00 ! 2.00 2.00 2.42 3.00 3,535 2,560 23, 522 23 3.00 3.11 4.29 4.50 1,402 5,265 1,957 5,478 1,494 5,862 2,803 i 6,486 | 1,483 5,767 2,392 5,937 2,694 5,125 2,077 4,026 1,217 3,254 1, 428 3,495 2,168 3,654 1, 652 3,935 964 1,950 1,506 2,181 1,409 2,449 1,570 ; 2,419 i 1,439 2,221 1,508 2,010 1,265 1,813 1,101 1,930 1,002 1,525 1,032 1,897 1,081 2,024 963 2,726 143 2,231 172 2,641 179 2, 538 101 2,066 { 178 2,502 114 3,136 309 2,481 204 866 124 1,757 110 1,153 194 2,612 232 2,334 11, 162 11, 929 8, 859 11,869 ! 17, 770 20, 861 18, 455 14, 299 12, 890 11,617 13, 116 13, 245 13, 074 13, 633 11, 008 9,442 6,858 8,304 8,898 10, 010 9,317 9,498 10, 076 9,143 10, 541 8, 795 6,296 8,081 19, 134 20, 070 18, 537 12, 615 11, 777 11, 352 11, 128 11, 219 325, 794 487, 235 469, 638 631,396 | 477, 165 430, 342 379, 626 294, 176 242, 418 192, 519 319, 478 426, 395 534, 429 36, 176 54, 857 427, 504 105, 238 30, 146 412, 155 121, 522 18, 295 312,110 ' 247, 813 89, 740 93, 805 45,139 ! 90, 111 218, 703 59, 197 40, 814 337, 749 59,236 100, 479 519, 439 475, 331 168, 166 79, 380 82, 168 157, 037 510, 030 153, 811 61, 240 490, 158 219, 989 126, 813 565, 299 304, 004 77, 028 .35 211,073 141, 801 569, 250 .40 253, 494 199, 500 499, 978 .40 223, 144 221, 279 445, 984 .40 306, 373 167, 309 444, 119 .40 382, 547 372, 352 305, 055 .40 431, 179 477, 029 294, 860 .40 575, 711 541, 807 340, 710 .40 364, 505 440, 514 306, 806 .40 374, 521 463, 215 382, 815 .40 250, 085 309, 274 471, 509 .40 418, 205 383, 570 530, 698 .40 405, 780 339, 930 496, 063 67, 008 120, 164 68, 421 45,890 j 35, 512 35, 474 27, 207 179, 357 19, 362 181, 467 9,083 202, 466 28, 644 199, 284 18, 737 205, 911 42, 308 215, 389 15, 982 23, 955 19, 043 22, 750 17, 537 13, 499 37, 425 48, 482 48, 487 51, 970 17, 704 13, 313 80, 699 54, 872 71, 660 127, 660 98, 722 93, 859 95, 968 77, 193 131 82 130 81 131 80 133 81 | 137 85 137 87 137 90 139 91 143 97 147 107 154 111 161 113 160 90 72 174 90 71 175 89 68 175 90 71 175 93 73 175 94 73 176 94 74 176 94 78 176 94 87 176 95 88 176 96 89 176 97 92 28 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May March April 1930 ™ ™ - j January \f\ i N ™ October 3 « August July June 465, 766 176, 023 .75 570, 683 .75 409, 748 .75 507,011 282, 710 149, 8D9 1,479 295, 790 64, 756 1, 527 308. 241 73,134 1, 309 290,615 54, 488 1, 079 32(5. 500 149, 343 882 31, 668 496, 238 27, 595 487, 955 29, 5G3 477, 761 35, 040 451, 128 45, 04S 135, 555 2, 663 1, 264 2, 643 1,344 2, 643 1,346 2,649 914 2, 645 648 561,625 1, 041 165, 770 336 61, 7GO 30 86, 309 45 138,904 CO May ! I j CHEMICALS AND ALLIED PRODU CTS— Continued I Chemicals— Continued Sulphuric acid: Exports. thous. of lbs_. 403, 298 310,950 200, 218 376, 076 304,745 ! 438, 836 308,992 703,787 Price wholesale dolls, per 100 Ibs .75 .75 .75 .75 .75 .75 i .75 .75 Superphosphate (acid phosphate): Production short tons.225, 906 249, 405 325,552 I 335, 980 302,730 ! 335,594 Shiprnents short tons.. 77,861 ! 92,769 304, 786 130, 996 103,024 : 70, 496 2,110 2 1, 836 Stocks, end of month. thous. of short tons.. 2,292 1,877 1,703 2,287 Wood at chemical plants: Consumption __ cords. . 31, 946 52,314 j 47, 654 43,483 i 38,549 49, 107 45,767 Stocks at end of month cords.. 393, 077 383, 925 411,503 408, 185 | 463,276 494,329 470,732 Daily capacity2,647 Total cords.. 2,613 2,607 ! 2,607 2,607 2,647 2,647 Shut down cords. . 472 504 716 428 1 644 ! 743 460 Cottonseed Cottonseed: Consumption (crush) short tons Receipts at mills thous. of short tons.. Stocks at mills, end of month thous. of short tons Cottonseed cake and meal: Exports ...short tons.. Production. short tons.. Stocks, end of month _ short tons _ Cottonseed oil, crude: Production thous. of lbs_. Stocks, end of month __ thous. of lbs_. Cottonseed oil, refined: Factory consumption— Total (quarterly) thous. of Ibs' . In oleomargarine thous. of lbs_. Price, yellow, prime, New York dolls, per lb.. Production . thous. of Ibs Stocks, end of month thous. of Ibs.. ' 155, 373 44 87, 014 37 401, 736 158 589,911 669, 264 219 | 578 801,800 ' 936,743 803 i 1,323 45 nr 207 377 620 1,081 695 215 45 77 119 797 43, 350 223, 084 6,588 75, 921 253, 609 5, 750 135, 144 303, 945 3,147 190, 314 363, 201 11,084 270, 965 343, 665 7,538 ! 1,580 | 4,361 305,019 ' 360,943 1 421,283 298,139 ! 252, 323 ! 202, 156 2, 092 251, 128 116,396 175 76, 440 45, 340 304 28, 527 248 38, 736 85, 277 230 62, 240 28, 019 32, 819 52, 469 43, 048 89, 794 69, 878 124, 392 104, 910 181, 221 127, 739 201, 621 114,248 239,913 ! 283,929 114,595 110,829 169, 458 79, 280 49, 322 25, 606 19, 425 7,894 29, 253 22, 328 46, 539 39, 508 2,505 323,521 2, 151 2, 906 1, 587 3 299,749 1, 882 .076 ! .076 215,405 i 232,179 350,260 I 254,571 .081 102, 460 174, 208 .084 200! 273 .080 29, 754 301, 009 . 083 49. 325 393, 573 . 088 55, 970 403, 983 33, 173 35, 688 35, 069 16, 694 32, G87 31, 168 32, 289 16, 043 30, 424 30, 810 30, 049 17, 392 33, 005 33, 546 33, 909 17, 181 33. 340 36, 147 33, 404 17, 099 991 1,083 j 3 1,200 1,447 276,906 1,621 1,465 1,875 3331,746 2,178 .069 36, 470 406, 237 .076 76, 852 462, 881 .076 115,302 494, 503 .073 130, 556 494, 882 .073 150, 998 461, 776 .072 188, 823 428, 609 3 2,091 : I Explosives Explosives," black powder, permissible and other high explosives: New orders thous. of lbs_. Production thous. of lbs_. Shipments thous. of Ibs.. Stocks, end of month thous. of lbs_. Fats and Oils Animal fats (quarterly) : Factory consumption thous. of lbs_. Production _ _ thous. of Ibs Stocks, end of quarter thous. of lbs__ Animal glues: Production (quarterly) thous. of lbs_. Shipments... thous. of lbs_. Stocks, end of quarter . _ thous. of Ibs Coconut or copra oil: Factory consumption— Crude (quarterly). thous. of lbs._ Refined— Total (quarterly). ..thous. of lbs__ In oleomargarine thous. of Ibs Imports thous. of IbsProduction (quarterly) — Crude thous. of lbs._ Refined thous. of Ibs.. Stocks, end of quarter — Crude thous. of Ibs Refined thous of Ibs Copra: Factory consumption (quarterly) short tons Imports short tons Stocks end of quarter short tons Edible gelatin: Production (quarterly) thous of Ibs Stocks, end of quarter thous. of Ibs Fish oils: Factory consumption (quarterly) thous. of lbs__ Production (quarterly) thous of Ibs Stocks, end of quarter -thous. of Ibs.. Greases: Factory consumption (quarterly) thous. of Ibs Production (quarterly) thous of Ibs Stocks, end of quarter thous. of lbs_. Lard compounds: Production (quarterly) thous. of lbs._ Stocks end of quarter thous of Ibs Oleomargarine: Consumption thous. of Ibs Production _ . . thous. of Ibs . Vegetable oils: Exports thous. of Ibs Factory consumption (quarterly) mills of Ibs Imports thous. of Ibs. . Production (quarterly) mills of Ibs Stocks, end of quarter— Crude thous of Ibs Refined thous. of Ibs.a Quarter ended in month indicated. 280, 637 111 28, 721 27, 647 28, 000 20, 639 26, 730 25, 414 26, 598 20, 929 154,764 3 515,598 3 191,941 154,951 3 gig 459 224,398 3 1 3 53, 772 138,255 3 159,545 3 15, 970 -- -- 75, 479 12, 086 ~ ~ 11,492 "I4~873~ 24, G90 44, 034 27, 550 ~~Il~329~ 26, 862 3 3 18, 927 71 229 25, 890 27, 167 3 3 3 3 3 3 . ; 3 147.559 461,647 1 3 1S9.561 __ 3 . : 4, 565 i 5, S91 321,715 4, 885 3 44 380 3 3 3 3 3 164,206 3 2'> 352 3 33, 133 34, 056 3 71, 134 37,419 41 077 3 4 549 8, 642 3 3 4, 598 5, 585 33,725 3 3 4, 434 8, 224 3 42, 703 27, 815 3 197,770 09, 377 11,763 25, oUCJ 13,236 34, SOS 78 5£2 305,282 3 lOO.lD'i a 18.452 16,885! 18,003 3 01 . 544 16.100 3 28. 098 1 . 21,089 3 5, 243 3 S, 109 2, 979 7, 499 3 3 30 921 3 50 093 3 207,301 3 5," 543 3 85, 068 69, 313 07, 105 31, 139 24 502 3 11,455 8, 1 18 11,479 19,331 139, 433 18 029 3 33,886 27, 039 4, 788 43, 162 3 3 161,077 3 3 44, 620 11, 587 215,405 I 3 146,450 3 540,620 _ _ 3 226,482 ! _ 150,753 879,711 376,572 16,491 "i7,"illT~18~248~ 15, 818 30, 952 14, 846 20, 477 I 43, 124 3 $ 201 932 3 16, 869 17, 871 34,324 34, 113 34, 198 16, 812 3 90, 921 77,612 91 446 66, 268 3 i ! | • 3 23, 515 3, 469 3 49, 951 22, 845 3 28,847 30,248 30, 229 16, 346 3 3 3 24, 404 24, 024 22, 974 17, 303 26, 714 24, 056 25, 201 17, 372 25, 448 28, 751 27, 543 20, 219 41, 301 3 8, 41.8 174,601 3 j 3 3 3 3 3 53, 346 95, 948 79, 012 3 291,386 26 081 :::::;:;; 17, 150 ! 19, 618 19, 573 21, 154 19, 751 20, 335 27, 237 25, 740 2, 35G 2,154 3,831 2,947 4,775 72, 280 52, 463 __ 79, 809 s (510 812 .3531,666 )--. 3 3 283,299 24, Oil 3 27, 593 28, 969 30,631 29,633 33,138 32,191 27, 194 28, 554 24, 072 23,071 IS, 782 20, 976 22,178 21, 904 22, 520 24,812 2,086 2,294 2,591 1,794 1,317 533 2, 049 970 74, 579 3670 86, 947 3415 85, 173 1,076 72, 028 3 1, 004 72, 142 59, 586 92, 021 70, 404 3 | 3 317,883 3 21, 164 3 3 3 3 54. 826 3 92, 031 3 69, 739 3 331,412 3 26, 672 15, 460 14, 912 829 68, 238 3 674 I 49, 476 88, 510 377,211 3 3 75,352 ; 106,699 3 641,002 3 466,602 561 73, 445 M83 3 i 521,010 3 208,964 87, 072 3 3 497,030 428,427 29 SURVEY OF CURRENT BUSINESS July, 1931] MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May April March 195 107, 687 1,132 140, 088 1,352 104, 214 1930 Febru- January ary D-m- Novem- October Septem- August ber ber July June 18 143, 620 79 113, 538 May CHEMICALS AND ALLIED PRODUCTS-Contmued Fertilizer Fertilizer: Consumption, Southern States thous of short tons Exports .. short tons 640 97, 682 343 91, 497 74 71, 533 61 84, 847 95 125, 441 128 118, 761 38 115, 580 2235 143, 347 Flaxseed Flaxseed, imports thous. of bushs.. Linseed cake and meal: Exports thous. of lbs__ Shipments from Minneapolis thous. of Ibs Linseed oil: Factory consumption (quarterly) _ __ _ _thous. of lbs__ Price, New York dolls, per lb__ Production (quarterly) thous. of lbs__ Shipments from Minneapolis thous. of lbs__ Stocks at factories (quarterly) _ _ _ _ _ thous. of lbs__ Minneapolis and Duluth: Receipts thous. of bushs. Shipments.. thous. of bushs.. Stocks, end of month thous. of bushs__ Oil mills (quarterly)— Consumption. thous. of bushs.. Stocks, end of quarter __ _thous. of bushs__ Price, No. 1, Minneapolis dolls, per bush__ 1,496 827 1,313 952 352 219 387 148 59 551 360 371 1, 454 38, 172 30, 818 39, 847 18, 238 10, 853 33, 596 25, 986 12, 519 8,474 22, 593 24, 833 29, 066 41, 409 12, 145 17, 827 11,046 17, 227 16, 824 17, 315 29, 726 27, 149 13, 398 5,066 5,768 7,485 .092 3 74, 092 .095 3 118,417 .092 .088 69, 307 .092 3 131,257 .094 .099 * 80, 359 .105 108,236 .131 .140 3 104,276 .140 3 130,863 .140 11, 552 9,594 8,553 7,385 10, 199 14, 792 11, 565 6,117 6,436 6,274 9,685 .088 12, 792 3 3 3 113,192 456 424 784 309 314 973 498 185 1,205 426 286 1,293 491 243 877 113,594 709 517 1,386 3 3 3 83 945 1,424 1,910 1,411 5,054 2,045 1,893 2,636 1,618 2,182 3,266 1,436 447 108,758 294 193 319 314 267 433 3 3 6, 571 3 7, 391 3 1.56 1.57 3 4, 472 1.61 1.65 1.80 3 3, 386 1.90 2.00 5, 887 712 457 523 7, 270 1.55 1.57 3 2, 345 1.58 210, 012 1, 958 219, 053 1, 903 208, 690 1,882 220, 066 1,839 144, 440 1,769 229, 737 1,799 229, 979 1,708 225, 688 1,610 229, 238 1,529 224, 546 1,513 241, 193 1,456 248, 777 1,386 234, 281 1,277 120, 819 351, 548 88, 741 4.73 310, 576 38, 977 4.64 266, 056 27, 322 4.38 300, 695 41, 345 4.45 329, 626 117, 489 4.95 372, 090 107, 414 5.29 323, 142 127, 621 5.54 303, 669 140, 090 5.80 276, 565 151, 269 5.39 267, 540 178, 876 5.90 242, 948 149, 880 6.50 196, 857 150, 386 6.34 113, 684 33, 593 124, 830 35, 585 126, 534 33, 544 125, 919 32, 332 130, 490 24, 488 125, 630 34, 332 122, 318 38, 931 119, 727 34, 818 109, 785 38, 293 117, 726 37, 349 114, 281 39, 929 117, 318 40, 049 109, 198 40, 933 99, 35J 37, 026 66, 248 26, 102 56 53, 393 9,511 .53 45, 232 5, 354 .45 58, 202 7, 228 .44 68, 320 27, 482 .42 84, 911 28, 107 .43 95, 860 38, 500 .41 88, 499 42, 873 .44 76, 774 46, 521 .41 65, 024 55, 822 .43 58, 491 46, 711 .47 42, 344 48, 803 .49 47, 130 5, 996 4,727 6, 344 8,383 5, 740 9,987 5,634 13, 537 4, 757 14, 437 6,200 15, 799 6,584 13, 895 5,817 11, 257 6,573 11, 163 6,125 12, 772 6,406 13, 642 6,774 13, 762 7,454 13, 715 533 333 330 322 242 372 922 872 655 612 653 731 . 2.32 a 2, 328 2.71 2.68 Naval Stores Pine oil: Production ___ gallons.. Stocks, end of month thous. of gals.. Rosin, gum: Net receipts, Southern ports bbls Price, "B," New York dolls, per bbL. Stocks at 3 ports, end of month bbls.. Rosin, wood: Production _.bbls Stocks, end of month ._ bbls__ Turpentine, gum: Net receipts, Southern ports _. bbls.. Price, Southern, New York dolls per gal Stocks at port, end of month bbls_. Turpeiitine, wood: Production bbls Stocks, end of month _ bbls I Roofing Prepared roofing, shipments: Grit roll thous. of sqs._ ShinglesIndividual and single thickness -thous. of sqs Strip, patented, and hexagon thous. of sqs__ Smooth roll thous. of sqs._ Total thous. of sqs.. 146 92 60 51 63 86 191 196 176 139 151 164 555 967 2,202 329 702 1,456 277 714 1,381 249 773 1,395 238 583 1,126 283 742 1,484 572 1,575 3,259 1,001 1,438 3,506 692 1,021 2,544 597 803 2,151 656 924 2,384 730 1,088 2, 714 FOODSTUFFS Production index: Food products (Fed. Res. Bd.) rel. to 1923-25 Food and kindred products (elect, energy consumed) _rel. to 1923-25-. Stocks, manufactured foodstuffs . ._ . rel. to 1923-25 Stocks raw foodstuffs rel to 1923-25 91 96 87 92 93 89 94 94 96 91 94 93 98 126.8 122.0 116.8 122.0 118.3 107.1 124.4 137. 2 148.6 141.2 139. 2 145.4 138. 2 107.0 189.4 2 104. 8 2 1U3. 7 103.1 202.0 197. y 105. 2 104.2 194. 8 95.0 205. 1 92.6 200.0 98.6 196.9 109. 7 197.6 120.1 183.9 127.4 162.7 117.7 153.4 105. 3 170.7 15, 680 21, 608 22, 062 21, 444 21,948 28, 727 29, 500 31, 004 28, 027 19, 044 16, 713 19, 774 22, 264 11,720 22, 520 .0494 33, 864 20, 242 . 0535 48, 353 20, 942 .0550 51, 550 13, 696 .0563 39, 278 16, 418 .0619 21, 756 13, 700 . 0675 18, 888 6,338 .0688 12, 660 7,410 .0675 7,554 11, 008 .0670 13, 441 17, 863 . 0775 20, 764 20, 443 .0869 14, 694 15, 121 .0825 16, 124 10, 721 .0850 1,080 1,863 1,126 .053 1,550 849 1,559 1,407 .056 1,565 889 1, 590 1,289 .064 1,648 952 1,647 1,094 .068 1, 697 881 1,590 1, 098 .070 1,494 514 1,080 967 .079 1,549 659 1,176 1, 159 .089 1,437 852 1,469 991 .072 1, 595 652 1,318 712 .072 1,462 539 1, 025 801 .076 1, 391 441 922 1,010 . 093 1,031 530 1, 027 915 .092 1, 247 1,088 6,136 1,148 5,963 1,161 5,879 866 5,455 929 6,188 817 5,014 .828 5,051 934 5,498 784 5, 529 861 5, 378 867 5,572 790 5,442 Candy Sales by manufacturers,. _ _ thous. of dolls Cocoa Shipments from Gold and Nigerian Coasts, Africa.-. ..long tons Imports long tons Spot price, Accra, New York dolls, per lb._ Cofifee Clearances: Total, Brazil for United States thous. of bags.. 643 Total, Brazil for world thous. of bags.. 1,333 1,415 Imports -_ .thous. of bags Price, Rio No. 7, Brazil grades.-dolls. per lb_. .061 Receipts, total Brazil _. thous. of bags.. 1,755 Visible supply: United States thous. of bags.. 1, 345 World thous. of bags__ 6,286 * Revised. 8 Quarter ended in month indicated. 30 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May 1930 February March April Novem- October Septem- August January December ber ber July May June FOODSTUFFS-Continued Dairy Products i BUTTER Apparent consumption --thous. of Ibs 184, 528 160,753 152,985 163, 689 166,506 | 154, 987 181, 569 179, 305 193, 110 191, 178 199, 016 Cold-storage holdings, creamery, end of month .. thous. of Ibs. . 35, 286 2 17, 195 18, 010 30, 672 ! 46, 792 63,401 I 88. 012 103, 646 131, 489 143, 089 145, 061 106, 522 Production (factory) thous. of Ibs. _ 174, 827 140, 676 122,953 105,192 i 112, 843 106,181 i 98', 138 117, 372 119, 388 133, 600 163, 534 173, 719 Receipts, 5 markets thous. of Ibs.. 61, 986 53, 566 48, 739 43,251 ! 45, 644 43,892 i 36, 848 38, 933 40, 853 44, 821 62, 274 70, 529 .24 .29 .28 .32 ' .40 .35 Wholesale price, New York dolls, per lb__ .26 .29 .40 .39 .33 .36 53.3 64.4 Wholesale price, New York rel. to 1926.. 62.2 88.9 77.8 64.4 86.7 88.9 73.3 57.8 71.1 i 80.0 CHEESE Total, all varieties: Apparent consumption thous. of Ibs Cold-storage holdings, end of month thous. of Ibs.. Exports, Canada thous. of Ibs.. Exports, United States thous. of lbs_. Imports, United States thous. of Ibs. _ Receipts, 5 markets. _ thous. of lbs_. Production (factory) thous. of Ibs. . American whole milk: Cold-storage holdings, end of month thous. of Ibs Wholesale price, New York__dolls. per lb_. 47, 925 46,332 38,068 ' 41, 070 55,911 2 53, 172 1,517 505 139 121 5, 856 6,471 12, 145 11, 445 52, 568 40, 470 54,270 491 208 4,611 11,717 34, 388 61,841 ! 306 118 4,052 10, 406 26, 379 69, 471 91.8 129 4,123 11, 600 27, 543 42, 462 2 40, 542 .14 .15 41, 836 .16 47, 968 .16 54, 499 .17 i 39,500 ! i 79,015 | 4,025 i 176 i 4,163 i 10,400 ! 26,598 | 210, 504 50, 378 169, 365 63, 752 .35 77.8 40, 035 41, 637 43, 695 47, 564 29, 640 41, 486 49, 921 87, 171 14, 677 108 5,041 10, 784 25, 583 96, 393 16, 568 183 6, 293 12, 220 28, 239 103, 691 12, 652 121 4,333 14, 509 36, 062 107. 219 10, 188 137 3,687 14, 952 41, 125 108, 899 12, 092 172 3,106 17, 436 45, 120 90, 421 5,560 159 6,097 17, 895 64, 326 68, 127 1,884 158 12, 356 15, 472 59, 940 63,326 1 71, 132 .18 i .19 78, 919 .19 85, 076 .20 87, 221 .19 88, 749 .18 70, 186 .18 49, 172 .20 6,785 98, 359 717 9,174 106, 631 952 10, 375 113, , 38 944 11,198 116,272 1,377 10, 743 115, 134 1,728 9,178 106, 904 2, ?,66 | EGGS Cold-storage holdings, end of month: Case . . _ thous. of cases.. 7,881 2 5, 162 Frozen thous. of lbs__ 106, 623 291,517 2, 236 2, 478 Receipts 5 markets thous. of cases MILK Condensed milk: 1,973 Exports thous of Ibs Total stocks, manufacturers, end of month — Case goods . thous. of Ibs _ Bulk goods ..thous. of lbs._ Unsold stocks, end of monthCase goods . thous. of Ibs Bulk goods thous of Ibs 5.65 Wholesale price, New York-dolls, per case_. Evaporated milk: Exports. thous. of lbs_. 5,114 Manufacturers' stocks, end of month — .. Total case goods thous of Ibs Unsold case goods „ thous. of Ibs.. Wholesale price, New York-dolls, per case- ~"~3.~50~ Fluid milk: Consumption in mfr. of 3,791 oleomargarine thous of Ibs Receipts— Boston including cream thous of cits Greater New York thous of qts Powdered milk: Exports thous. of lbs._ 1,369 Manufacturers' stocks, end of month thous of Ibs 10, 942 Net new orders thous. of Ibs Production, condensed and evaporated milk _ __ ..thous. of Ibs. _ 244, 229 Fish Canned salmon: Exports, Canada cases.. 59, 883 Shipments United States thous of cases Cold-storage holdings, 15th of month thous. of lbs__ 31, 368 Total catch, principal ports thous. of bbls._ 24, 599 Fruits and Vegetables Apples: 2,005 Car-lot shipment carloads Cold-storage holdings, end of month thous. of bbls.. Citrus fruits, car-lot shipments carloads.. ~~I5~585~ Onions, car-lot shipments _ carloads _ 3,703 Potatoes, car-lot shipments carloads.. 23, 895 1, 893 78, 051 2,046 408 73, 889 1,264 735 75, 685 1,026 1,853 1,873 1,345 2,403 1,907 1,973 1,718 1,479 3,294 1,515 2,682 2, 502 12, 390 15, 887 13, 227 16, 273 13, 051 16, 171 13, 928 18, 594 17,803 19,520 20, 657 20, 885 24, 650 21, 965 27,314 23, 727 30, 875 25, 765 35, 006 30, 337 35, 373 28, 855 30,121 25, 203 8, 434 5,069 5.65 9, 059 5, 549 5.65 8, 864 5, 285 5.79 9, 698 6, 986 6.03 14, 181 8, 297 6.03 16, 678 7,842 6.03 20, 427 7, 935 6.03 22, 951 8, 119 6.03 26, 464 6,954 6.03 30, 806 10, 212 6.03 31, 222 8,176 6.13 25, 467 7,598 6.13 1,894 1 4,154 83,184 | 89, 571 768 i 593 5,311 5,034 3,775 5,269 4, 546 177, 754 154, 490 3.50 150, 931 125, 498 3.50 136, 896 108, 672 3.50 157, 152 107, 009 3.75 202, 070 163, 478 3.80 5,387 5,927 5,814 7,464 8,158 19, 877 20, 312 113,32'J 17, 444 101, 197 18, 352 110, 428 18,313 111, 345 1,414 2,282 1,001 366 465 40, 298 2 12, 145 41, 363 10, 606 41, 744 9, 492 41, 122 10, 253 38, 976 8, 945 194, 753 172, 306 144, 649 141, 981 91, 083 290 101,817 334 38, 446 300 28, 079 30, 949 38, 542 30,081 4, 718 3,452 5,223 4,720 5,417 6,308 211, 828 224, 486 174, 148 187,262 3.80 3.80 1 218, 486 179, 047 3.80 244, 969 1U7, 189 3.80 258, 836 218, 761 3.74 227, 201 176, 439 3.69 199, 334 166, 196 3.95 4, 366 : 9, 066 7, 799 6,173 5,837 6,074 6,935 19, 403 18, 226 111, 166 i 116,140 19, 634 119,356 19, 007 116,769 20, 348 123, 165 21, 149 122, 086 20, 906 124, 883 8,404 j 467 477 426 376 346 196 36.318 8,733 33, 281 9, 853 32, 770 10, 151 34, 186 9, 623 32, 493 10, 946 31, 820 11,913 28, 096 143, 280 132,284 149,136 139, 802 163, 034 45, 998 406 107, 333 333 108, 996 : 194,623 653 273 | 152, 779 1,433 29, 494 1,030 24, 942 367 22, 494 358 34, 285 247 56, 547 20, 635 71,910 18, 353 85, 317 17, 5G7 91,436 i 88, 616 30, 541 25, 967 85, 498 40, 687 78, 997 35, 875 64, 847 46, 751 47, 498 32, 886 2 34, 139 34, 091 3, 253 1,083 507 ; 5,700 7,115 7,806 8,085 17, 454 35, 782 12, 757 2,729 ' 1, 509 15, 099 i 2,377 21, 032 2, 917 17, 572 2,540 23, 601 5,224 13, 980 2, 610 20, 024 7,439 14, 197 3, 454 20,971 9, 575 12, 554 2,254 15, 092 10, 860 11,338 2, 753 16, 267 1,872 9,043 4, 510 6, 301 5, 593 | 5, 437 21, 924 28, 788 114 4,441 1 2,793 i 15, 979 72 i 128 5, 765 ! 5, 478 2, 556 ! 1, 729 22, 093 24, 614 8,118 6,061 5,067 6,610 7,578 9,803 14, 091 21, 041 26, 095 ". 18,015 776 .48 i 75.0 2,446 5,662 745 .44 68.8 2,484 7,840 921 .44 68.8 2,246 9,583 732 .44 68.8 2,511 10, 731 1, 047 .47 73.4 3, 569 11,401 964 .48 75.0 4, 207 i 11,854 [ 1, 295 .52 81.3 5, 765 12, 035 1, 359 .53 82.8 12, 477 11, 991 1,281 .52 81.3 10, 822 ' 7,429 3,081 1 ; 205, 641 ; 243,414 . 11,333 235, 860 1,966 i i ! I 458 2, 101 3, 975 22, 588 Graiiis Total grain exports, including flour . ._ -. thous. of bushs . 11, 224 ! 13, 829 12, 626 BARLEY Exports thous. of bushs.. Price, No. 2, Minneapolis dolls, per bush.. Price, No. 2, Minneapolis rel. to 1926 Receipts, principal markets. .thous. of bushs.. Visible supply, end of month. thous. of bushs.. 2 Revised. 896 .45 70.3 2,523 4,626 698 .47 73. 4 ! 2, 568 '• 3, 997 550 ! .49 76.6 2, 537 ! 4, 671 i 1,457 .55 85. 9 2, 835 5, 436 SURVEY OF CURRENT BUSINESS July, 1931] 31 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May April March 1930 Febru- January ary |fc8rm" NovemOctober ber Se e m ^r " August July June May FOODSTUFFS-Continued Grains— Continued CORN Exports, including meal thous. of bushs.. Grindings (starch, glucose)— thous. of bushs_. Prices: No. 3, yellow, Chicago dolls, per bush.. No. 3, yellow, Chicago rel. to 1926.. No. 3, yellow, Kansas City dolls per bush No. 3, white, Chicago dolls, per bush_. Receipts _ thous. of bushs Shipments thous of bushs Visible supply, end of mo thous. of bushs__ Receipts _.. . 151 5, 580 206 5, 492 534 5, 441 5, 575 443 188 5,990 132 5,241 163 5,434 295 6,253 394 6,473 332 6, 565 395 6,103 776 6,100 824 6, 623 .56 74.7 .58 77.3 .60 80.0 .61 81.3 .65 86.7 .69 92.0 .71 94.7 .82 109.3 .94 125.3 .99 132.0 .82 109.3 .79 105.3 .79 105. 3 .52 .56 11, 381 14, 855 12, 286 .53 .58 17, 102 14, 246 19, 676 .54 .60 18, 567 12, 281 21, 998 .54 .63 21, 278 11,895 20, 110 .59 i .66 .68 ! .73 19, 320 27, 367 12,611 10, 925 17, 562 16, 993 .69 .76 17,067 8, 396 7,411 .82 .88 15, 176 8, 705 4,703 .89 .97 16, 048 9,829 4,976 .92 .99 20, 282 12, 792 4,226 .80 .84 16, 660 11, 699 4,012 .80 .81 17, 833 15, 693 7,378 .78 .80 16,213 18, 687 11,819 4, 519 4,279 4, 057 4, 863 5,401 4,808 4. 717 4, 505 3,881 3, 755 208 1, 126 .34 82.9 202 1,085 .33 80.5 157 1,174 .36 87.8 194 1,054 .38 92.7 292 817 .39 95.1 717 826 .35 85.4 204 719 .38 92.7 266 651 .41 100.0 14, 360 6,021 30, 504 14, 605 6,075 30, 641 14, 749 9,445 33, 509 14, 843 15, 381 31, 979 11, 032 25, 277 25, 867 10, 893 8,725 9,149 9, 660 7,114 11,317 7, 951 10, 690 13, 102 413, 674 27, 504 383, 517 29, 294 150, 938 10, 684 94, 030 6,505 99, 249 8,675 124, 181 7,501 202, 224 7, 037 203, 573 15, 459 1,003 75, 426 1,208 126, 781 1,323 201, 483 766 128, 756 499 90, 755 268 56, 861 346 65, 195 653 107, 430 HAY __ . number of cars 5,214 OATS Exports, including meal thous. of bushs Grindings Canada thous of bushs Price, No. 3, white, Chicago._doUs. per bush._ Price, No. 3, white, Chicago rel. to 1926_. Production, oatmeal, and rolled oats Canada thous of Ibs Receipts, principal markets _ _ thous. of bushs __ Visible supply, end of month.thous. of bushs ._ 192 .28 68.3 179 822 .30 73.2 174 844 .31 75.6 120 940 .32 78.0 5. 294 9,892 9,871 7,604 13, 837 10, 243 6,843 19, 103 11, 895 7,123 22, 947 144 997 i .32 78.0 13, 320 6,121 26, 650 RICE Exports . _ pockets (100 Ibs.) __ 260, 949 203, 519 211,843 259, 578 376, 000 50, 472 Imports pockets (100 Ibs.) 41, 891 38,748 37, 821 41, 223 Shipments: Total from mills thous. of pockets (100 Ibs.) _ 1,119 780 933 864 New Orleans pockets (100 Ibs ) 88, 718 75, 643 68, 753 68, 349 74, 629 Southern paddy, receipts at mills thous. of bbls_520 1, 147 566 864 599 Stocks, end of month thous. of pockets (100 Ibs.) 1,293 1,793 1,388 1,790 1,561 844 1,257 2,063 1,084 508 22 60 183 1,678 1,776 1,670 842 488 450 687 950 4 .44 47.8 5 50, 234 1,356 12, 644 4 .43 46.7 49 .49 253.3 25 .55 59.8 23 .60 65.2 18 .55 59.8 3 .57 62.0 14 .65 70.7 1,640 13, 316 2,001 13, 860 6,562 14, 842 5, 200 12, 649 758 10, 969 445 11, 248 1,234 11, 259 24, 939 34, 782 33, 447 31, 120 20, 461 22, 834 21, 681 16, 046 2, 173 3,266 6,311 12, 716 18, 646 11,934 8, 066 5, 433 6,187 8,470 12,295 19, 069 24, 167 16, 188 12, 295 10, 064 RYE 29 Exports, including flour thous. of bushs._ Price, No. 2, Minneapolis dolls, per bush.. .36 Price No 2 Minneapolis rel to 1926 39.1 Production, crop estimate thous. of bushs.- * 43, 766 Receipts, principal markets...thous. of bushs__ 1,035 Visible supply, end of month.thous. of bushs__ 8,540 3 .35 238.0 34 .36 39.1 19 .37 40.2 3 .38 41.3 880 9,262 855 10, 440 716 11, 110 884 11,911 WHEAT Exports: Canada, including wheat flour thous. of bushs.. 31, 687 11,373 6,148 15, 521 12, 165 United StatesWheat only thous. of bushs _ 6,406 1,289 137 3,531 1,357 Including wheat flour thous. of bushs 9, 956 6,954 5, 543 3, 564 4,574 Stocks, held by mills 3 (quarterly) thous. of bushs.. 81, 841 Prices: No. 1, northern spring, Minneapolis . dolls, per bush.. .81 .79 .75 .76 .76 No. 1, northern spring, Minneapolis rel. to 1926- 51.3 50. 0 48.1 48.1 47.5 No. 2, red winter, St. Louis dolls per bush .79 .80 .78 .78 .79 No. 2, red winter, St. Louis—.rel. to 1926- 51.0 51.6 51.0 50.3 50.3 No. 2, hard winter, Kansas City dolls, per bush .73 .73 .69 .69 .70 No. 2, hard winter, Kansas City . . __ rel. to 1926- 49.0 49.0 46.3 47.0 46.3 Production, crop estimate, winter wheat thous. of bushs - 4 649, 115 Receipts thous. of bushs 30, 863 21, 230 30, 833 30, 672 29, 496 Shipments ,. thous. of bushs.- 24, 061 16, 601 15, 570 14,817 13, 706 Visible supply, end of nionth: Canada._ thous. of bushs 136, 856 160, 750 180, 253 183, 704 193, 858 United States thous of bushs 197, 563 199, 561 207, 138 201, 862 197, 219 WHEAT FLOUR Consumption (computed) thous. of bbls 8,281 8, 654 8,738 Exports: Canada thous. of bbls.. 481 326 561 415 United States thous. of bbls.. 789 761 762 715 Grindings of wheat: Canada thous. of bushs.. 5,169 4,719 4,607 Unitod States thous. of bushs__ ~~36,~949~ 2 39, 126 40, 137 37, 939 Prices, wholesale: Standard patents, Minneapolis dolls, per bbL. 4.85 4.71 4.67 4.85 Standard patents, Minneapolis „ rel. to 1926__ 57.6 57.6 55.8 55.4 Winter, straights, Kansas City dolls, per bbl__ 4.14 4.02 4.00 4.06 Winter, straights, Kansas City rel. to 1926.. 57.1 55.5 55.2 56.0 2 3 Revised. Quarter ended in month indicated. 3 3 137 194 lf>4 112 66 660 .77 .75 .82 .91 .92 1.00 1.07 48.7 47. 5 51.9 55. 1 57. 6 58. 2 63. 3 67.7 .83 53.5 .83 53.5 .87 50. 1 .88 56.8 .89 57.4 | .85 54.8 1.05 07.7 1. 14 73. 5 .87 j .71 .69 .74 .78 .81 .80 .89 .99 47.7 46.3 49.7 52.3 54.4 ! 53.7 59.7 66.4 604, 337 21, 549 15, 053 24, 597 20, 955 28, 943 25, 238 62, 569 44, 746 85, 476 48, 053 98, 960 42, 047 18, 705 20, 575 16, 535 24, 091 205, 854 195, 716 197, 998 202, 475 178, 827 205, 437 148,288 213, 804 90,617 194, 800 106, 554 161, 666 132, 187 109, 985 147, 801 119,682 9,622 9,846 10, 597 11,059 10,929 i 9,585 10,012 7, 883 9,778 392 945 602 892 792 1,156 814 1,330 734 1,412 ! 627 1,227 659 945 598 940 573 ],029 4,834 42, 528 5, 226 41, 307 7.789 42, 428 8,348 49, 914 7,255 : 6.930 49,382 : 47,654 6, 448 43, 721 5,218 40, 137 6,258 41,329 4.96 4.89 4.69 4.98 5.08 i 5.34 5.51 5.83 5.97 58.9 58.0 55.7 59.1 60. 3 63. 4 65.3 69.1 70.8 4.09 4.03 4.14 4.23 4.44 4.56 4.64 4.99 5.27 56.3 55.6 57.1 62.8 64.0 68.9 72.7 * As of June 1. 58.3 61.3 ; « Final estimate for 1930. 32 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May April March 1930 Febru- January ary Decem- Novem- October ber ber S »! August July June May FOODSTUFFS— Continued Grains— Continued WHEAT FLOUR— Continued Production: Canada thous of bbls 1,058 1,086 2 1, 164 1, 035 United States8,015 2 8, 494 Actual (Census) thous. of bbls 8,242 9,233 8,724 Prorated (Russclls')... thous. of bbls. . 9, 275 8,750 9, 937 --- 9,134 Capacity per cent.52 55 51 56 Grain offal _. thous. of bbls__ 663, 373 2 702, 189 713,507 678, 795 761, 935 Stocks: All positions (computed) end of month thous. of bbls.. 5, 618 6, 370 5, 526 5,620 Ileld by mills (quarterly). .thous. of bbls.. 33,712 1,170 1,739 1,869 1,624 1,548 1,436 1, 161 8,973 9,888 54 739, 243 9,184 10, 403 60 762, 108 10,817 12, 089 62 899, 580 10, 674 12, 241 67 888, 576 10,313 11.562 62 851, 404 9, 466 10, 507 57 774, 252 8,687 9,423 54 713, 579 8.981 mo07 53 732, 1 53 7,000 34,016 7,850 9,200 9,500 3 3, 940 9, 600 8, 850 9, 300 3, 535 8,700 397, 741 331,945 463, 928 434, 287 409, 475 415, 278 386, 049 423,831 75, 285 1,207 398, 741 73, 392 1,491 342, 405 63. 862 2, 347 468, 983 60, 023 1,793 434, 625 59. 755 1, 661 403, 081 64, 591 1,987 411,227 66, 891 1,973 375, 276 71, 556 1,010 401,989 1,015 1,736 823 1,696 1.183 2,377 1,084 2,108 959 1,605 1, 004 1, 512 953 1,459 947 1,517 332 1,015 478 873 691 1,223 443 947 150 619 109 501 129 496 199 569 3 1, 394 Meats CATTLE AND BEEF Beef products: Apparent consumption thous. of lbs_. 424, 672 2 421, 252 379,405 335, 603 384, 754 Cold-storage holdings, end of month thous. of Ibs . 49, 169 2 53, 150 61,111 67, 622 72, 398 1, 468 902 Exports thous. of lbs._ 1, 444 961 981 Production, inspected thous. of Ibs. . 419, 124 412, 757 374, 151 330, 321 381, 531 Cattle movements primary markets: 980 960 812 Local slaughter thousands 1,036 897 1,617 Receipts thousands . . 1, 551 1, 535 1,303 1, 508 Shipments, stocker and feeder _ thousands. 153 222 175 147 146 561 Shipments total thousands 581 546 607 486 Prices: Beef, fresh, carcass, good native steers, .143 .169 .160 .195 Chicago dolls, per lb._ .178 Beef, fresh, carcass, good native steers, 86.8 102.8 Chicago rel to 1926 97.1 118.8 108.1 Beef, fresh, carcass, steers, New York .155 dolls, per Ib .172 .180 .205 .196 Beef, fresh, carcass, steers, New York 90.8 100.8 105.4 rel. to 1926 115.0 120.1 Cattle, corn fed, Chicago 7.68 9.08 dolls, per 100 Ibs 8.56 9.11 10.00 80.5 89.9 Cattle, corn fed, Chicago rel. to 1926.. 95.2 95.6 405.0 .195 .195 .195 .191 .168 .174 .195 .215 118.8 118.8 118.8 116. 1 102.4 105.7 118.8 130. 9 .205 .205 .205 .203 .173 .177 120.1 120.1 120.1 118.6 101.1 103.7 127. 4 128.9 10.31 108.2 9.97 104.6 10.33 108.4 9.14 95.9 9.28 97.4 10.73 112.6 11. 56 121.3 10.58 111.0 . . 218 .220 HOGS AND PORK Hog movements, primary markets: 1,841 Local slaughter thousands. 2,938 Receipts thousands Shipments, stocker and feeder 33 _ thousands. Shipments, total _ _ _ _ _ _ _ thousands. . 1,099 Lard (included in pork products) : Cold-storage holdings, end of month _ thous. of Ibs.- 103,456 39, 623 Exports thous. of Ibs Production thous of Ibs 126, 323 Pork production: Apparent consumption thous. of lbs_. 581,110 Cold-storage holdings, end of month — Total thous. of Ibs-. 031,199 Fresh and cured thous. of Ibs 827, 743 E sports — Total thous. of lbs__ 55, 557 Other products than lard thous. of lbs._ ] 5, 934 Production, inspected .thous. of lbs._ 604, 427 Prices: .182 Hams, smoked, Chicago dolls, perlb.59. 2 Hams, smoked, Chicago rel. to 1926- 0.40 Hogs, heavy, Chicago- -dolls, per 1001bs._ 51.9 Hogs, heavy, Chicago _.— rel. to 1926. . Lard, prime contract, New York .082 dolls, per lb_. 1.983 3,067 1,962 3,207 2,293 3,704 2,907 4,652 2,460 4,002 2,169 3,439 2,048 3,441 1,703 2, 799 1,487 2,617 1,782 2,918 2,123 3,215 2,084 3,293 36 1, 088 31 1,234 37 1,417 45 1, 739 41 1,542 37 1,269 39 1,392 38 1,090 35 1,133 30 1,139 40 1,082 47 1, 216 94, 693 44, 769 129, 090 78, 249 58, 395 127,516 74, 977 68, 760 147, 632 62, 624 68, 882 186, 062 51, 434 45, 114 150,538 31, 582 42, 552 119,355 36, 211 41, 396 101,672 59, 732 37, 417 88, 059 88, 868 49, 287 98, 167 118, 353 51, 670 121,351 120, 322 56, 666 133, 563 115, 270 62, 502 135,785 2 2 523, 963 563,934 508, 890 663, 947 608, 323 553, 479 636, 426 551, 557 558, 041 557,811 573, 489 598, 020 2 2 963, 217 867, 524 921,920 843,671 928, 385 853, 408 788, 888 726, 264 572, 626 521, 192 443, 286 411,704 393, 017 356, 806 507, 159 447, 427 639, 827 550, 959 769, 797 651,444 799, 543 679, 221 790, 437 675, 167 59, 406 73, 610 83, 470 86, 902 61, 134 62, 325 53, 798 53, 892 72, 719 75, 473 82, 054 03, 589 14,637 624, 301 15,215 630, 661 14.710 731, 633 18. 020 962, 175 16, 020 798,311 19, 773 665, 665 12, 402 575, 700 16, 475 472, 467 23, 431 500, 438 23, 803 603, 323 25, 388 664, 172 31, 028 665, 124 .184 59. 7 7.08 57.4 .187 60.7 7.18 58.2 .195 63. 5 6.73 54.5 .207 67.1 7.34 ! 59.5 | .213 69. 2 7.94 64. 3 222 72. 1 8,86 71.8 .221 71.7 9.86 79.9 .227 73.8 10.58 85.8 .229 74.4 9. 78 79.2 .230 74.7 8.94 72.5 .233 75.6 9.68 78.4 . 228 73. 9 10. 02 81.2 .090 .094 .085 .090 .100 .112 .119 .119 .114 .100 .102 .107 59, 095 54, 949 50, 967 58, 195 56, 348 50, 890 64, 946 58, 873 52, 646 52, 074 47, 764 53, 781 2 2, 529 58, 579 3, 063 54, 486 3,573 50,511 4, 081 57, 642 4,677 56, 453 4,628 51, 236 4,326 65, 060 4,320 59, 297 3,977 52, 268 4,476 51,861 4, 820 48, 239 4, 039 53, 375 3.29 50.0 3.79 57.5 3.69 55.9 3.44 52.1 2.93 44.4 3.38 51.2 3.84 43.1 3.08 46.6 3.09 46.9 3.06 46. 5 3.45 52. 3 4.78 72.5 8. 76 64.0 8.27 60.4 8.31 60. 7 7.98 58.3 7.40 54.0 7.13 52.0 7.03 51.3 7.35 53.6 7.72 56.3 8.13 59.3 9.73 71.0 9.04 66. 0 1,410 2, 713 1, 157 2,119 1,056 1, 964 1,201 2,175 1,230 2,307 1,079 2,607 1,597 3,784 1,479 3,580 1.266 2,583 1,362 2,296 1, 263 2,230 1, 240 2, 334 189 1, 304 103 948 105 908 184 979 282 1,081 761 1 1,534 1, 024 i 2,238 907 2, 016 465 1,317 206 940 216 955 142 1, 092 81, 359 SHEEP AND LAMBS Lamb and mutton: Apparent consumption thous. of lbs__ 54, 604 Cold-storage holdings, end of month thous. oflbs.. 2. 331 Production, inspected thous. oflbs.- 54, 433 Prices— Sheep, ewes, Chicago dolls, per 100 Ibs 1 2.44 Sheep, ewes, Chicago rel. to 1926- 37.0 Sheep, lambs, Chicago dolls, per 100 Ibs I 8.36 Sheep, lambs, Chicago rel. to 1926— 61.0 Sheep movement primary market: Local slaughter thousands-- • 1,464 Receipts -thousands2,810 Shipments, stocker and feeder _ _ thousands 1 176 Shipments, total thousands 1, 353 Miscellaneous meats: Cold-storage holdings, end of month thous. of lbs._ 79, 351 Total meats: Apparent consumption mills, of lbs._ 1,060 Cold-storage holdings, end of month _ mills, of Ibs.. i 1, 062 1,078 Production mill, of Ibs — a Rev sed. 1 2 85, 678 92,744 93, 747 84, 169 75, 818 72, 444 80,653 84, 324 90, 631 87, 980 83, 294 2 1, 004 998 895 1, 107 1,062 936 1,165 1, 045 1,020 1,025 1,007 1,076 2 1, 100 1,096 1,072 1,059 737 959 597 534 652 1,059 1,110 3,401 1 1, 254 966 1 Quarter e nded in nicnth ind icated. 788 956 929 1,066 959 1,088 950 1,120 1,092 1,112 ! SURVEY OF CURRENT BUSINESS July, 19311 33 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplernent to the Survey 1931 1930 April March February 45,920 17, 443 69. 986 20, 600 95, 188 26, 008 101, 307 34, 472 104, 913 73,314 124 75.6 126 76.7 127 77.1 133 80.1 137 81.8 94, 865 137, 205 118,514 23S, 872 982 i 1,007 134, 928 546, 538 844 168,450 429, 576 461 86, 518 105,726 80 May Jamary Decem- I Novein-', October Septem- August j July ber ber | June May FOODST UFFS— Continued Meats— Continued POULTRY Cold-storage holdings, *• end of month Receipts at 5 markets __ thous of Ibs thous. of Ibs. Prices Retail food (Dept. of Labor) Wholesale food .rel. to 1913.. 2 35, 343 17,252 l 121 72.9 i 59,269 33,128 46,938 24,900 144 88.6 146 89.2 141 85,7 42,589 i 46,967 20,527 | 19,858 54, 253 23, 887 61, 167 21, 942 144 86.3 148 90.5 150 92.0 149,333 1,418 236, 592 164, 444 1,631 446, 188 401, 856 1,701 144 87.1 | Sugar Cuban movement (raw) : Exports Ion01 tons Receipts at Cuban ports long tons.. Stocks, end of month. thous. of long tons.. Prices: Retail coverage, 51 cities rel. to 1913.. Retail granulated, New York dolls, per lb_. Wholesale, 98° centrif., New York _ dolls per Ib Wholesale, 96° centrif., New York rel. to 1926— Wholesale, granulated, New York dolls, per lb_. Wholesale, granulated, New York - ' ... rel. to 1926.. Raw: Imports — From Hawaii and Porto Rico - long tons From foreign countries long tons.. Meltings, 8 ports ..long tons Stocks at refineries, end of month long tons. Refined: Exports, including maple long tons.. Shipments, 2 ports long tons Stocks, 2 ports .long tons- 231, 039 ; 413,400 291,311 274,588 231,039 150,277 150, 277 I 213,688 i 124,848 152,166 764 669 958 1,163 104 108 107 107 107 .050 ; .050 .051 .053 .053 .053 .053 ; .032 .033 .033 .033 .034 .033 .03* 102 107 107 111 I 111 111 115 .053 . 054 .054 \ .054 .055 057 .033 .031 .032 i .033 .032 032 75.3 ! | .046 | 7.4,4 74.0 .045 84.1 ! 82.7 048 § 6.7 106 ; 160,710 1,279 73.5 \ 75.6 75. 8 76.3 77.9 75.8 78.8 76.3 72.1 73.0 ' .043 ; .044 .043 .045 .046 .046 .047 .044 .043 .044 78.3 ' SO.l 79.2 81.4 83.2 83.2 85. 0 i 80. 8 79.2 80.3 135, 457 279, 578 403, 337 150, 951 364, 493 351, 169 151, 980 212, 453 290, 337 81,700 122,071 258, 585 445, 535 420, 650 329, 324 293,938 5,332 65, 633 43, 880 4,612 49, 077 54, 665 3,085 54, 570 29, 070 3,572 i 42,717 1 34, 019 4,723 33, 645 42, 555 6,576 i 8,553 6,668 59,916 : 62,113 ! 72, 208 37,759 i 46,134 I 53,998 6, 184 .225 7,995 .225 5,223 .225 7,289 .225 8,029 .225 9,917 .223 161,260 151,815 332,556 463,730 : i 3,338 57,670 32,632 ] l 5, 590 306, 500 207, 006 50,977 ! 82,660 117,776 | 132,240 293, 455 : 277,350 273,952 I 181,182 ! 337,360 402,333 413,912 360,592 501,569 109, 929 201, 442 371,714 123,537 558, 190 469, 484 305, 208 321,930 | 283,778 378,969 I 442,894 j 444,415 622, 945 744, 247 7, 246 49, 066 533. 324 4,661 89, 928 48,600 4,742 69, 423 47, 827 074 822 80^ 61, 571 8,717 .224 8, 134 .290 7,007 .292 6,555 .300 4, 712 300 139, 138 53.7 80.8 136, 623 43.5 81.1 163, 025 52.7 83.3 189, 075 49.0 85.3 158, 853 52.7 89.7 97.7 107. 4 54.9 100.0 107. 3 80.9 107.3 103.1 78.6 102.4 108.4 79.8 Tea Imports thous. of Ibs Price, Formosa, fine, New York. dolls, per lb__ 4,135 .225 ; j FOBEST PRODUCTS Lumber ALL TYPES Exports M ft. b. m.. 143,558 ' 135,771 New orders rel. to 1923-1925.. 41.5 39.2 Prices, wholesale, composite rel. to 1926-. 73.3 68.4 j Production index (.elect, energy consumed) rel. to 1923-1925.. 97 2 91.5 Stocks, end of month.. rel. to 1923-1925 108.2 108.1 Unfilled orders, end of month.rel. to 1923-1925.. 49.2 48.1 , 273,818 240.3 74.2 67, 792 235.7 73.2 114,557 236.7 76.0 128, 424 33.8 78.1 93.2 108.8 48.8 84.2 2111.2 47.7 82.6 2113.2 2 46. 8 73.3 117.3 47.0 110,855 36.8 80.1 86.5 113.7 42. 6 2 122, 690 39.4 80.2 77.1 105.6 110. 0 ! 2108. 3 46. 3 [59.0 2 2 MOVEMENT Retail yards, 9th Fed. Res. Dist.: Sales _M Stocks, end of month M Retail yards, 10th Fed. Res. Dist.: Sales M Stocks, end of month M ft. b. m.. ft. b. m.. 8,451 ; 7,767 80,051 j 80, 816 5,236 81, 158 3,494 80, 251 3,563 76, 552 4, 145 70, 531 9,028 71,025 13,596 ! 12,516 73,743 1 79,471 12, 393 84, 567 12,110 88, 919 13, 943 89, 639 10, 876 92, 391 ft b. in ft. b. m._ 3,421 ! 3,368 38,816 | 39, 534 3,389 39, 657 2,641 38, 628 2,878 37,839 2,530 37, 739 3,940 38,108 5,114 33, 674 4,580 40, 116 4,262 41, 543 4,407 42, 700 3,803 43,211 4,750 44, 241 m 3,327 j 3,679 in • 2,629 1 3,326 m 3,315 1 3,226 m 23,467 ! 24, 191 m._ 4,604 ! 5, 312 3,131 3,760 3,017 26, 193 5,180 3,455 3,179 2,676 25, 835 5,248 3,584 3,452 i 2,351 25,578 4,664 1, 905 3,045 1,811 24, 271 3,491 2 ^98 2, 759 2,554 23, 353 3,204 2,530 2,643 2,886 22, 985 3,188 2,983 3,301 3,331 23,915 2,953 3,541 3,616 4,416 24, 476 3,528 3,531 3,396 4,625 25, 469 3,975 3,481 3, 321 3,956 26,821 4,863 4,130 4,469 4, 669 27,428 4,738 i 32, 544 ! 10, 256 i 28.32 68.2 ! 22, 478 6,261 29.66 65.8 21,309 4,935 28.42 63.0 33, 509 8,163 30.73 68.1 35, 873 9,029 32.51 72.1 28,113 11,896 33.44 74.1 31,957 10, 590 34.01 75.4 44, 007 11, 509 33.48 74.2 43,312 9,153 31. 72 70.3 34, 276 10, 500 33. 89 75.1 47, 429 14, 970 33.06 73. 3 45,109 11,375 36. 53 81.0 154 146 161 173 165 176 188 158 165 169 143 158 125 134 125 133 143 148 154 158 169 176 161 180 139 165 154 128 172 150 3,175 2,713 3,205 2,731 3,249 2, 769 3,308 2,851 3,319 2,863 3,273 2,821 3, 270 2, 805 3, 261 2, 787 3,308 2,808 3, 323 2,795 3,294 2,737 3,217 2,614 463 473 481 456 456 452 466 475 500 526 557 603 694 593 703 598 713 601 726 607 611 511 610 509 608 504 601 494 610 497 609 488 598 i 470 ; 587 456 101 106 112 118 100 102 104 107 113 120 128 131 FLOORING Maple flooring: New orders _ __ _ -M ft b. Production M ft b Shipments M ft. b. Stocks, end of month _M ft. b. Unfilled orders, end of month. M ft. b. SOUTHERN YELLOW PINE Exports: Lumber Timber Price, flooring Price, index . . . M ft. b. m._ M ft. b. m_. dolls per M ft b m rel. to 1926 34,067 5,827 28.82 63.9 HARDWOOD All hardwoods: New orders Production Shipments Stocks, end of month— Total Unsold Unfilled orders, end of month Gum: Stocks, end of month— Total Unsold Unfilled orders, end of month.. 1 Revised. mill. ft. b. m. mill. ft. b. m._ mill. ft. b. m._ mill. ft. b. m mill. ft. b. m._ mill. ft. b. m. mill. ft. b. m_ mill. ft. b. m_. mill. ft. b. in \ | i i ! ! ! : ...j 143 | 214 i 165 | 195 240 203 34 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May FOREST PRODUCTS— Continued Lumber— Continued HARDWOOD— Continued Northern hardwoods: Production M ft. b. m__ Shipments M ft. b. m Oak: Stocks, end of monthTotal .mill. ft. b. m Unsold ...mill. ft. b. m.. Unfilled orders, end of month mill. ft. b. m Walnut logs: Made into lumber and veneer M ft. log measure-- 1, 135 Purchases M ft. log measure. . 828 519 Stocks, end of month. _M ft. log measure-Walnut lumber: New orders _ M ft. b. m__ 1,181 1 382 Production M ft. b. m 1,277 Shipments M ft. b. m Stocks, end of month M ft. b. m__ 15, 990 Unfilled orders, end of month. M ft. b. m _ _ 3,151 SOFTWOOD California redwood: New orders (computed) M ft. b. m.. 19, 220 Production (computed) M ft. b. m__ 17,616 Shipments (computed) M ft. b. m__ 21, 568 Unfilled orders, end of month 20, 237 (computed) M ft. b. in Douglas fir: ExportsLumber . ,M ft. b. m 69, 043 Timber ._ -M ft. b. m__ 55, 586 New orders M ft. b. m 188, 907 Price wholesale11.64 No. 1 common— dolls, per M ft. b. m._ Flooring, 1x4 "B" and better, V. G dolls, per M ft. b. m._ Production M ft. b. m 206, 813 Shipments M ft. b. m 221, 586 Unfilled orders, end of month.M ft. b. m,. 135, 637 North Carolina pine: Production (computed) M ft. b. m__ 30, 233 Shipments (computed) M ft. b. m_. 31, 780 Northern hemlock: Production M ft. b. m__ Shipments. M ft. b. m.. Northern pine: LathProduction thousands Shipments - thousands . LumberNew orders M ft. b. m__ Production M f t b in Shipments M ft. b. m Western pine: 555 New orders mill ft b. m 517 Production mill. ft. b. m 581 Shipments _ mill. ft. b. m . Stocks end of month mill. ft. b. m_. 1,206 1930 Decem- Novem- October ber ber Febru- January ary S April March 12, 767 12, 808 17,878 12, 631 17, 252 12, 330 14,178 10,854 8,147 8,021 4,382 9,374 4,772 11, 285 4,371 11, 862 935 814 966 844 990 861 1,017 918 1,029 935 1,022 928 1,021 924 120 122 129 99 ! 95 95 925 719 845 816 699 1,050 829 874 1,172 895 1, 179 i 1, 136 j 1,146 1,204 777 1, 393 1,141 1,506 15, 893 3,279 2,094 875 1,942 16, 265 3,522 1,471 804 1, 363 17, 236 3, 314 1, 152 642 1,064 i 18, 295 i 3,211 | 22, 480 18, 761 21, 898 24, 485 21, 795 24, 852 20, 695 23, 836 23, 555 22, 290 22, 726 23, 613 63, 159 37, 573 224, 272 15, 211 19, 964 217, 109 14, 951 14, 978 189, 355 12.12 12.68 12.86 29.74 201, 889 200, 099 215, 766 31.14 186, 222 195, 622 196, 517 31,241 34, 454 8, 616 7,437 2 July June 9,225 11, 167 14, 363 12, 649 16, 321 13, 345 19, 560 18, 479 1,016 918 1,036 927 1,044 929 1,049 917 1,038 885 97 98 109 115 132 153 1,340 1,460 791 1,421 1,294 670 1,109 1,171 805 1,029 886 745 943 598 885 1,268 712 1,198 1,588 1,008 1,649 1,203 1,184 1,187 17, 670 3,118 1,343 1,444 1,470 18, 731 3,393 1,809 1,386 1,907 18, 796 3,646 1,735 1,121 1,861 19, 334 4,085 1,698 1,174 1,511 20, 090 4,025 1,031 1,312 1,123 20, 454 4,016 1,989 1,850 1,696 20, 281 3,970 1,476 1,786 1,717 19, 634 3,389 25, 928 26,998 21,410 17, 857 23, 048 20, 307 21, 485 25, 900 20, 549 30, 603 35, 063 31, 808 27, 155 28, 337 27, 505 25, 293 28, 835 25, 044 30, 574 28, 335 31, 305 26, 092 31, 095 28, 384 30, 052 29, 650 29, 566 28, 725 22, 766 24, 514 24, 277 26, 150 26, 573 26, 254 25, 815 30, 880 53. 718 38, 251 16,081 • 12, 859 191,593 189, 355 42, 364 9,151 186, 222 43, 801 12,511 203, 232 48, 097 16, 114 217, 557 42, 129 25, 850 222, 929 61, 813 22, 369 213, 080 85, 004 41, 849 239, 939 60, 420 46, 979 291,419 12.82 12.99 13.25 12.98 13.14 13.44 14.47 14.30 15.16 31.65 179, 059 186, 669 181, 745 31.33 160,258 178, 164 182, 640 31. 73 167, 420 174, 583 188, 012 33.40 191, 593 179, 954 176, 373 33.77 208, 156 199, 651 137, 876 34.58 199,651 200, 546 176, 373 35.65 206,813 218, 452 134, 742 36.57 190, 250 231, 434 172, 344 36.94 253, 369 275, 751 199, 203 38.19 307, 982 294, 552 201, 889 27, 489 33, 250 24, 318 32, 417 24, 129 32,844 28, 350 30, 317 28, 140 34, 300 29, 386 35, 049 27, 832 35, 392 27, 349 33, 481 26, 803 30, 730 35,917 38, 164 38, 346 36, 666 6,583 5,432 6,085 5,508 6,526 6,094 5,812 4,955 4,046 6,596 4,374 7,436 6,876 6,751 8,223 7,007 13, 245 8,033 9,555 8,455 10, 595 9,539 None. 4,174 None. 1,450 33 3,162 1,273 3,671 3,229 6,047 3,968 4,833 5,214 4,473 4, 558 4,001 4,770 3,815 13, 990 2,167 13, 799 9,442 1,326 10, &77 12, 525 850 14, 280 21, 033 9.853 20, 498 17, 697 22, 925 17, 791 19, 503 27, 583 21,516 19, 962 37, 849 22, 101 24, 290 41,891 25, 160 21, 076 34, 543 27, 422 » August May 448 382 459 1, 196 307 240 334 1,174 198 129 214 1,174 87 63 107 1,218 111 85 108 1,262 97 98 114 1,284 177 139 164 1,300 149 152 152 1,330 131 183 159 1,336 174 179 150 1,313 138 198 153 1,283 172 225 162 1,242 83 59 105 82 118 118 101 138 111 112 106 97 101 101 147 139 100 106 118 116 115 133 93 73 VENEER Rotary-cut veneer: Receipts . Purchases _ .no. of carloads. . no. of carloads 79 54 Furniture Household furniture and case goods: Grand Rapids districtCancellations per cent new orders New orders no days' production Outstanding accounts, end of month no. days' sales Plant operations per cent full time Shipments no days' production Unfilled orders, end of month no days' production Southeastern districtShipments dolls., av. per firm-Unfilled orders, end of month _ dolls., av. per firm.. Steel furniture. (See under steel manufactured products.) Wholesale prices: Beds rel. to 1926.. Dining-room chairs, sets of six.rel. to 1926.. Kitchen cabinets rel. to 1926. . Living-room davenports rel. to 1926.. j 86.8 : 94. 0 102.9 :i 89. 8 8.0 13 12.0 14 6.0 13 7.0 16 16.0 15 7.0 22 9.0 21 5.0 29 6.0 18 7.0 18 23.0 10 13.0 23 33 67.0 13 34 64.0 13 35 63.0 13 42 68.0 14 43 71.0 17 48 81.0 18 51 85.0 26 52 89.0 27 40 79.0 18 37 67.0 13 36 70.0 12 37 61.0 12 15 15 17 18 17 22 20 26 24 27 24 26 24, 765 34, 207 53, 091 63, 343 56, 456 45, 686 32, 956 41,015 14, 073 15,411 17, 335 25, 830 33, 432 35, 903 33, 951 22, 028 90.7 94.0 102.9 92.3 91.7 94.0 102.9 92.3 91.7 94.0 102.9 92.3 91.7 94.0 102.9 92.3 91.7 94.0 102.9 92.3 91.7 94.0 102.9 92.3 91.7 94.0 102.9 92.3 92.3 94.0 102.9 92.3 104.2 90.7 94. 0 102.9 93. 2 90.7 94.0 102.9 93.2 90.7 94.0 i 102.9 92.3 ! 90.7 94.0 102.9 92.3 89.0 90.8 LEATHER PRODUCTS General operations: Prices, wholesale, composite. -rel. to 1926_. Production index (Fed. Res. Bd.) rel. to 1923-25.. Production index (elect, energy consumed) rel. to 1923-25 Stocks, end of month rel. to 1923-25. . 2 Revised. 88. 1 88. 4 88.4 108 i 2 102 92 81. 0 ! 76. 9 i 83. 9 2 77. 5 71.2 78.5 2 91.5 93.3 96.7 98.2 99.9 100.1 102.9 77 81 80 89 95 95 95 97 98 71.6 82. 9 68.7 84.2 63.0 82.5 84.9 81.8 73.5 79.5 87.7 78.6 97.3 79.1 96.8 80.3 66.3 78.6 i 87 76.1 ! 2 79. 3 ' 35 SURVEY OF CURRENT BUSINESS July, 1931J MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 1930 January Decem- 1 Novem- October Septem- August ber ber May April March February 4,512 6,812 8,274 3,091 24, 437 2,857 4,404 6,160 4,453 19, 616 1,449 6,867 6,292 3,280 19, 468 1,107 4, 149 3,991 2,890 13, 417 1,670 5,186 5,863 4,040 20, 211 1,722 6,781 6,154 3,313 20, 471 2,202 6,781 5,167 1,965 18, 207 6,888 7,268 2,821 21, 512 2,835 12, 743 6,807 3,289 27, 598 103 158 23 101 172 27 85 154 32 58 161 32 69 166 37 75 170 53 78 168 98 97 160 185 704 425 3,408 1,444 690 471 3,488 1,493 635 416 3,523 1,324 559 353 4,142 1,223 651 379 5,362 1 1,426 692 398 4,647 1,426 605 324 4,024 1,305 836 438 3,492 1,727 .085 .092 .090 .073 .095 .107 .118 60.2 65.5 64.1 52.1 67.7 75.9 .129 .135 .128 .117 .125 .144 74.1 77.9 73.5 67.4 71.8 1 83.0 24, 678 220, 846 32, 323 277, 847 23, 132 223, 182 34, 168 280, 482 24, 104 225, 315 33, 172 282, 591 27, 553 237, 392 34, 489 299,434 July June | May 1,403 11, 389 8,075 4,460 26, 681 1,295 11, 504 7,455 6,219 27, 960 3,505 13, 992 10, 016 7,626 37, 407 5,720 26, 839 12, 271 6,284 54, 900 84 140 114 75 124 79 81 127 56 81 159 36 108 174 23 760 374 2,773 1,591 700 363 2,724 1,413 710 375 3,187 1,411 654 356 3,689 1, 295 600 421 3,823 1,370 .133 .146 .136 .141 .152 .143 84.2 94.8 103.8 96.7 100.1 108.3 102. 0 .156 .172 .165 .161 .165 .175 .169 89.7 99.2 95.2 93.0 95.2 100.9 97.3 28, 221 227, 647 34, 368 290, 236 26, 972 227, 099 34, 546 288, 617 25, 536 218, 446 35, 490 279,472 27, 166 212, 980 36, 079 276, 225 27, 725 217, 302 34, 087 279, 114 30, 034 224, 209 32, 423 286, 666 30, 008 223, 025 28, 492 281, 523 LEATHER PRODUCTS— Continued Hides: ImportsCalfskins thous. of Ibs. . Cattle hides _. ., thous. of Ibs _ Goatskins thous. of lbs_. Sheepskins thous. of Ibs _ Total, hides and skins. _thous. of lbs._ Inspected slaughter of livestock: Canada — Cattle and calves --thous. of animals.Swine . thous. of animals.. Sheep and lambs. --thous. of animals-. United States — Cattle ... thous. of animals.Calves thous. of animals _ Swine _ . -thous. of animals . Sheep thous. of animals.. Prices: Packers, heavy, native steers (Chicago) dolls, per Ib . Packers, heavy, native steers (Chicago) rel. to 1926.. Calfskins, No. 1, country (Chicago) __ __ . . _ dolls, per lb_. Calfskins, No. 1, country (Chicago) ... . ... rel. to 1926 . Stocks, end of month: Calf and kip skins thous of Ibs Cattle hides _ thous. of Ibs.. Sheep and lamb skins ..thous. of Ibs.. Total hides and skins _. thous. of lbs._ 26, 707 235, 649 33, 296 295, 652 1 Leather—Raw Sole and belting: Exports thous. of sq. ft._ Price, oak, scoured backs (Boston) . . dolls, per Ib Price, oak, scoured backs (Boston) _ rel. to 1926.. ProductionSole only.thous. of backs, bends, sides .. Sole and belting thous. of lbs_. Stocks, end of monthFinished thous. of Ibs In process of tanning thous. of lbs._ Upper leather: Exports _,_ thous. of sq. ft._ Price, composite, chrome, calf, black "B" grade — _ dolls, per sq. ft._ Production __. thous. of sq. ft.. StocksFinished thous. of sq. ft_. In process of tanning.thous. of sq. ft.. 3,264 1,143 1,442 949 713 726 1,128 825 .370 .370 .370 .365 .381 .400 .410 673 374 640 849 669 .410 .440 .460 .460 .440 .460 691 84.4 84.4 83.3 86.7 91.3 93.5 93.5 100.4 104.9 104.9 100.4 104.9 1,137 20, 406 984 18, 219 951 17, 386 1,087 19, 559 1,226 21, 993 1,071 18, 777 1,333 23, 418 1,330 23, 137 1,316 23, 223 1,365 23, 894 1,310 23, 542 1,340 24, 355 87, 196 68, 933 88, 044 71, 122 90, 321 72, 488 91, 827 73, 261 90, 878 74, 135 86, 331 77, 485 84, 036 78,815 81, 569 80, 895 80, 018 84, 367 76, 863 85, 953 74, 799 77, 946 72, 724 85, 495 9,211 8,752 9,347 7,700 9,133 8,118 7,451 9,838 8,813 8,367 7,287 8,7C5 1, 1481 .356 .356 62, 536 .352 61,515 .354 54, 706 .359 52, 225 .367 59, 459 .367 53, 658 .372 65, 339 .372 63, 304 .371 61, 477 .371 62, 016 .371 60, 544 .371 60, 699 258, 613 125, 722 261, 057 127,867 264, 392 128, 967 282, 079 129, 513 289, 092 134, 633 279, 023 133, 357 270, 902 137, 513 255, 787 141, 495 254, 020 143, 063 259, 561 150, 287 262, 621 141, 506 255, 738 141, 190 84.4 Leather— Manufactures Gloves cut... ..dozen pairs.. Shoes: Exports . thous. of pairs Prices, wholesale — Men's black calf blucher (Boston) .dolls, per pair.. Men's black calf blucher (Boston) _ rel. to 1926-. Men's dress welt tanned calf, oxford, (St. Louis) dolls, per pair.. Men's dress welt, tanned calf, oxford, (St. Louis) _rel. to 1926 _ Women's black kid, dress welt, lace, oxford _ . dolls, per pair Production thous of pairs IRON AND STEEL General Operations New orders rel to 1923-25 Prices, wholesale rel. to 1926.. Production index (Fed. Res. Bd.) rel. to 1923-25.. Production index (elect, energy consumed) rel. to 1923-25Stocks, manufactured goods, end of month rel. to 1923-25.. Unfilled orders, end of month. .rel. to 1920-25.. Ore Iron ore: Consumption thous. of long tons Imports . thous of long tons Receipts— Lake Erie ports and furnaces thous. of long tons Other ports thous. of long tons Shipments from mines thous. of long tons Stocks end of month— At furnaces thous. of long tons.. On Lake Erie docks thous of long tons Total thous of long tons Manganenese ore; Imports thous. of lone tons__ 1 Revised 191, 120 175, 988 158, 485 162,388 157, 079 236, 263 236,911 219, 548 241, 146 209, 873 237, 377 240, 495 194 177 185 130 130 208 270 269 256 263 256 257 302 6.75 6.75 6.75 6.75 6.75 6.75 6. 75 6.75 6.75 6.75 6.75 6.75 6.75 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105.5 105. 5 4.60 4.60 4.60 4.60 4.60 4.72 4.85 4.85 4.85 4.S5 4.85 4.85 4.85 95.0 58.0 87.2 95.0 95.0 95.0 29, 747 29, 364 83.6 87.5 274.5 88.1 23, 971 2 59. 8 88.4 95. 0 97.3 100.2 100.2 100.2 100.2 100.2 100.2 100.2 19, 889 3.66 17, 537 4.25 18, 541 4.25 27, 731 4.25 29, 334 4.25 28, 429 4.25 24, 121 4.25 23, 904 4.25 24, 512 70.9 88.0 58.0 88.3 67.8 88.6 70.7 89.5 74.4 90.1 86.1 90.7 84.0 91.7 95.9 92.9 66.9 88.1 | 72 75 78 73 64 59 65 75 86 93 93 110 2 110 106.8 108. 1 119.4 116.5 103.4 110.2 106.5 126.0 110.3 112.0 109.7 115.2 135.1 141.5 62.4 2 142. 8 67.4 145.7 69.6 141.1 68.6 141.7 71.6 146.4 76. 3 146.1 69.4 147.1 67.4 145. 3 67.9 143.3 70.5 152.8 78.3 148.1 77. 5 154. 0 79.5 2, 675 194 2,826 163 2,835 169 2,368 95 2,350 150 2,339 176 2,640 74 3,050 186 3,282 215 3,673 178 3,838 251 4,288 292 4,715 291 599 656 9 106 1,634 993 4,011 1,675 4,721 1,891 5, 586 2,492 6,346 2,515 5,755 2, 697 3, 987 2,100 1,769 176 1,988 5,531 6,488 8,252 8,587 8,650 6, 979 21, 968 23, 292 25,751 28,247 30, 430 32, 618 34, 761 34, 750 32, 323 29, 397 25, 493 21,087 17,072 5,147 27,115 5,430 28, 722 5, 765 31,516 6, Oil 34,258 6,190 36, 620 6,331 38, 949 6,466 41, 227 6,342 41, 092 6,043 38, 366 5,541 34, 938 5,022 30, 515 4,613 25, 700 4, 253 21,325 21 33 2 10 17 29 10 18 22 8 16 31 30 36 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1930 1931 May : April ! March Novem- October Septem- August S™- January December ber ber F July June May IRON AND STEEL— Continued Iron— Crude Malleable castings: New orders _ short tons _ Operating activities per ct. of capacity.. 1 Production short tons__ Shipments short tons Pig-iron production: Canada thous. of long tons Merchant furnaces thous. of long tons__ United States, total... thous. of long tons.. United States, total rel to 1923-25 Pig-iron furnaces in blast: Furnaces, end of month number i Capacity, end of month long tons per day.. Prices, wholesale: Basic (valley furnace) .dolls per long ton._ Basic (valley furnace) rel. to 1926.. Composite pig-iron. ..cdolls. per long ton.. Foundry, No. 2, northern (Pittsburgh) dolls, per long ton Foundry, No. 2, northern (Pittsburgh) rel. to 1926 1 28,208 32. 1 31,344 36,686 : 236.086 ! 34. 331 35.9 ! 2 36. 3 35, 210 2 36, 076 36, 677 ; 2 37, 693 51 i 410 1, 994 66.7 54 404 2,020 67. 6 1 32, 566 ! 32,676 i 34.4 31.5 33,587 1 31,267 : 32, 663 31,536 57 356 2,032 68.0 46 317 1,707 57. 1 36 292 1,714 57.4 i 26, 433 31.1 30, 431 27, 474 27, 451 27.8 27, 114 25, 974 24, 171 29.0 28, 785 29, 206 26, 251 27.2 26, 528 29, 223 25, 409 26.2 25,614 31, 845 30, 068 31.0 30, 911 32, 656 33, 865 40.3 39, 347 43, 937 47, 022 53.8 53 , 502 55, 656 38 396 1, 666 55.8 46 375 1,867 62.5 40 373 2,165 72.5 49 407 2,277 76.2 57 513 2,524 84.5 65 564 2,640 88.4 66 630 2,934 98.2 81 619 3,233 108.2 95 51,330 107 60, 205 111 65, 965 123 73, 525 139 80, 620 144 83, 645 160 92, 590 180 103, 425 17.60 94.9 17.79 18.00 97.0 17.99 18.10 97.6 18.22 \ 18.50 99.7 18.55 18.50 99.7 18.66 19.86 20.26 20.26 98.3 98.3 268, 664 283, 750 ! 367, 022 364,861 160,347 260, 123 430, 365 185,484 i 312, 950 933 1, 032 949 251, 027 155, 282 184, 795 840 105 61, 085 113 66, 980 116 67, 880 108 61,850 16. 25 ' 87.6 16. 64 16. 50 89.0 16.75 16.50 89.0 16.72 16.75 90.3 16.82 17.00 91.7 ! 16.94 ! 17.00 91.7 71.01 17.00 91.7 17.14 17.00 91.7 17. 30 18.76 18.76 18.26 18.51 18.76 18.78 18.76 18. 89 9. 56 19.76 91.0 91.0 88.6 89.8 91.0 91.0 91.0 91.6 94.9 95.8 174, 244 154, 650 148, 749 1,014 227, 605 150, 227 149, 057 997 210, 584 95, 765 94, 251 916 178, 224 114,593 116, 186 797 163,390 98, 397 92, 702 721 85, 399 221, 775 181, 966 621 4,525 5, 069 4,787 59, 770 3,741 6, 553 4,232 60, 221 4,311 4,864 4,071 57, 794 3,912 5, 509 4,183 56, 878 6,412 4,109 5,724 54,997 7,193 3,614 7,131 51, 657 9,495 5,910 10, 041 53, 686 14, 521 8,291 17, 774 59, 134 11, 894 6,321 12, 162 68, 182 7,392 4,603 8,736 72, 967 6,975 ! 6,874 7,103 4,703 6,342 7,266 76, 865 79, 605 5, 368 8,398 5,898 78, 908 10, 049 13, 140 9,537 139, 773 8,091 15,981 8, 448 136, 840 9,771 14,700 8,851 129, 643 9,122 11,500 15,957 14,689 8,632 ! 12, 082 124,238 117, 622 17, 723 10, 857 16, 837 109, 835 21, 377 12, 858 21, 480 115,313 33, 760 23, 068 39, 158 121, 666 32, 259 15, 920 31,595 140, 508 22, 271 10, 066 24, 178 155, 184 16, 044 17,496 11,376 ! 14, 493 14, 384 18, 269 170, 941 177, 376 11, 047 15, 567 11,249 177, 674 4,863 5, 164 5,003 4, 330 5, 957 4, 293 4,451 6,781 4,013 4,483 6,801 4,100 6.267 6,961 6,091 7, 471 4,097 6,866 9.089 4,791 9,118 11,220 5,852 12, 390 11,350 4,643 10, 347 8,933 5,366 9,520 7,296 5,873 6,154 5, 331 7,639 5,047 50, 953 50, 632 48,978 45, 969 43, 613 38, 702 41, 420 45, 626 51, 964 57, 560 65, 034 65, 309 2.22 2.23 2.22 2.22 2.19 2.20 2.22 2.24 2.26 2.29 2.33 2.35 33. 25 33.53 33.84 31.00 31.00 32.50 88.6 88.6 83.6 92.9 102 57, 365 96.3 | Iron— Manufactured Products Cast-iron boilers: Gas-fired boilersProduction thous. B. t. u. _ Shipments thous. B. t. u _ _ Shipments dollars.. Stocks, end of month. ..mills. B. t. u._ Round boilers — New orders thous. of lbs_. Production thous. of lbs_. Shipments ._ .thous. of Ibs Stocks, end of month thous. of lbs._ Square boilers— New orders thous. of lbs._ Production thous. of lbs_. Shipments.. .thous. of Ibs Stocks, end of month thous. of lbs._ Radiators: New orders -thous. sq. ft. heating surface.. Production .thous. sq. ft. heating surface.. Shipments.-thous. sq. ft. heating surface.. Stocks, end of month thous sq ft heating surface 85, 328 250, 001 286, 748 149, 507 359, 206 334, 266 202, 835 445, 101 396, 788 885 759 940 7,232 ! 4,997 i 7,447 62, 662 Steel— Crude Prices, wholesale: Composite, finished steel dolls per 100 Ibs 2.21 Iron and steel composite 31.39 dolls per long ton Steel billets, Bessemer (Pittsburgh).. dolls, per long ton 29.50 Steel billets, Bessemer (Pittsburgh).. rel. to 1926 84.3 Structural-steel beams (Pittsburgh)... ._ dolls, per 100 Ibs 1.65 Structural-steel beams (Pittsburgh) rel. to 1926.. 84.3 Sheets, black, blue, galvanized, and full finished: New orders net tons 148, 612 Production — Per cent of capacity per cent.. 56.6 Total net tons 201, 846 Shipments . . . ..net tons 191, 942 Stocks, end of monthUnsold net tons 82, 532 Total ... ..net tons 169, 444 Unfilled orders, end of month net tons.. 296, 731 Steel castings: New ordersTotal short tons 39, 044 Miscellaneous short tons.. 27, 738 Railroad specialties short tons. . 11, 306 Per cent of total to capacity.per cent.. 27 Production— Total __ short tons 43, 141 Miscellaneous short tons. 31, 070 Railroad specialties short tons.. 12, 071 Per cent of total to capacity.per cent.. 30 Steel ingots, production: Canada . thous. of long tons 75 United States, total. ..thous. of long tons.. 2,505 United States, total rel. to 1923-25.. 72.5 Per cent of capacity per cent_. 45 U . S . Steel Corporation: Earnings thous. of dolls Unfilled orders, end of month.. thous. of long tons.. 3,620 Unfilled orders, end of month rel. to 1923-25.. 75.8 2 Revised. 31.61 31.66 31.65 31.70 31.76 31.95 32.31 32.67 33.01 30.00 30.00 30.00 30.00 30.60 31.00 31.00 31.00 31.00 85.7 1.65 85.7 1.65 85.7 1.65 1.63 87.4 1.60 88.6 88.6 88.6 1.60 1.60 1.60 1.65 1.65 1.70 1.80 81.7 84.3 84.3 86.8 91.9 84.3 84.3 84.3 33.0 81.7 81.7 81.7 191, 987 236, 310 168, 564 180, 863 233, 289 135, 682 158,700 214, 454 148, 969 207,400 187, 412 204, 589 582 213,608 211,118 61.1 224, 322 208, 207 57.2 192, 218 179, 138 45.1 167, 865 170, 379 39.8 115,125 144, 040 43.6 148, 550 158, 182 50.6 193,934 193,516 48.8 179, 928 186, 639 48.6 173, 956 205, 774 50.4 186, 206 194, 767 58.8 205, 675 212, 930 73.3 274, 220 266, 436 91, 024 189,213 319,518 88, 363 82, 315 82, 708 185, 791 ! 182,240 202, 682 388, 599 373,148 432, 298 83, 988 200, 589 431, 324 85, 585 204, 702 461, 756 85,415 89, 334 92, 047 176, 846 i 189,915 181,614 325. 169 | 383,280 343, 439 i 85.7 87, 496 83, 629 96, 248 180, 285 184, 590 184, 586 360, 479 ! 378,601 295, 282 1 1 2 46, 007 48, 159 37, 147 229,812 2 16, 195 ! 11,012 232 33 40, 292 31, 156 9, 136 28 46, 810 32, 092 14, 718 32 49,387 30, 131 19, 256 34 48, 123 ! 45,552 31, 628 ; 32, 344 16, 495 13, 208 32 33 i 49, 542 38, 394 11, 148 34 50, 370 35, 085 15, 285 35 57, 850 43, 140 14, 710 40 61, 164 . 47, 450 13, 714 42 91, 077 49, 026 42, 051 63 248,250 2 35, 407 2 12, 843 33 49, 520 35, 610 13, 910 34 46, 294 35, 351 10, 943 32 46, 290 32, 093 14, 197 32 44, 290 32, 445 11,845 31 59, 522 43, 840 15, 682 41 61,919 44, 096 17, 823 43 64, 303 43, 575 20, 728 45 78, 977 52, 916 26, 061 55 90, 795 58, 002 32, 793 63 104, 984 61, 643 43, 341 73 99 2,994 86.6 i 54 83 2,502 72.4 49 58 2, 459 71.1 43 56 1,980 57.3 38 72 2 212 64.0 44 65 2, 693 77.9 50 58 2,840 82.2 55 56 3,061 88.5 59 68 2,922 84.5 56 95 3.419 98.9 68 99 3,983 115.2 74 91 2,722 78.7 49 56, 730 42, 519 14,211 39 7,191 6, 156 6,118 4, 191 7,949 10, 943 11,515 13, 000 13, 480 14, 377 16, 571 3, 898 3,995 I 3, 965 4,132 ! 3, 944 3,640 3, 482 3,424 3,580 4,022 3, 968 4, 059 81.6 83.7 ! 83.0 86.5 82. 6 76.2 71.7 75.0 84.2 83.1 I 85.0 SURVEY OF CURRENT BUSINESS July, 1931] 37 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey IRON AND STEEL— Continued Steel— Manufactured Products Furniture, steel: Business group — New orders thotis. of dolls.. Shipments thous. of dolls.. Unfilled orders, end of month thous. of dolls. _ Shelving — New orders thous. of dolls.. Shipments thous. of dolls.. Unfilled orders, end of month thous. of dolls. . Iron, steel, and heavy hardware, sales rel. to Jan., 1921.. Iron and steel: Exports long tons Imports long tons. Lock washers, shipments. thous. of dolls.. Steel barrels: Production _. _ ..barrels.. Per cent of capacity per cent. _ Shipments barrels. . Stocks, end of month barrels. . Unfilled orders, end of month . .thous. of barrels.. Steel bars, cold finished, shipments-short tons.. Steel boilers, new orders: Area thous. of sq. ft. Quantitv _ number __ Steel plate, fabricated, new orders: Total short tons. Oil storage tanks short tons Structural steel, fabricated: New orders — Computed total short tons Per cent of capacity _ per cent.. Shipments — Computed total short tons.. Per cent of capacity per cent Track work production short tons- 1931 May April 1,333 1,294 . 1,437 1,487 March 2 2 Febru- January ary 1, 521 1,591 1,509 1,598 Decem- Novem- October SeptemAugust ber ber ber July June May 1,798 1,798 1,565 1,800 1,637 1,673 1,855 1,901 1,795 1,879 1,788 1,985 1,841 1,812 2,007 2, 1G8 2,310 2,342 763 725 775 844 933 932 1,168 1,203 1,249 1,331 1,528 1,492 1,651 471 376 370 387 416 436 375 356 376 393 242 468 429 458 534 593 512 497 526 555 596 604 699 705 725 752 465 370 387 407 388 405 632 661 720 704 736 746 754 129 134 123 104 110 123 139 175 165 161 162 167 180 91, 407 28, 107 172 101, 081 38, 702 179 109, 512 31,044 177 91,212 20, 513 163 92, 745 31, 706 140 101, 988 24, 338 115 111,968 34, 572 119 131,850 29, 730 153 131,211 29, 793 160 151,235 27, 408 173 131, 772 31, 849 161 159, 392 34, 755 228 196, 120 46, 081 290 610, 788 591, 399 41.9 43.1 618, 801 600, 566 42, 315 50, 328 550, 583 39.9 554, 332 59, 495 450, 134 33.1 449, 485 63, 244 421,814 32.6 427, 622 62, 595 412, 283 30.3 406, 327 68, 103 497, 539 36.5 500, 409 62, 447 616, 121 44.1 619, 558 65,317 564, 927 40.3 565, 204 68, 754 553, 842 39.6 552, 265 69, 031 612, 313 43.7 621, 091 67, 454 651, 559 46.4 638, 358 76, 232 731, 087 52. 1 736, 147 63, 031 2 1,053 22, 768 1,195 25, 141 1,253 25,011 1,392 21, 727 1,424 21, 943 1,437 15, 747 929 15, 456 986 20, 521 1,011 19, 338 1,114 19, 086 1,296 19, 241 1,290 27, 388 1,457 33, 010 573 646 825 689 665 2630 622 516 577 598 587 814 709 777 2851 1,189 1,282 1,254 1,357 1,371 1,410 1,309 2 1, 589 1,360 1,330 1, 283 26, 165 2,411 29, 916 7,749 31, 056 2,538 24, 438 3,585 27, 518 2,598 26, 787 5,118 33, 151 9,965 30, 197 4,518 41, 066 14, 916 36, 513 10, 056 38, 283 11,969 41, 774 9,869 38, 328 10, 495 152, 800 38.2 2 292, 800 73.2 184,400 46.1 158,400 39.6 162, 400 40.6 152, 800 38.2 151, 200 37.8 209, 200 52.3 155, 600 38.9 252, 000 63.0 270, 000 67.5 253, 600 63.4 279, 200 69.8 148, 000 37.0 7,453 2 158, 400 239.6 8,564 151,200 37.8 8,944 166,400 41.6 6,321 172, 000 43.0 5,626 168, 400 42.1 5,174 195, 200 48.8 4,212 239, 200 59.8 5,192 243, 200 60.8 5,642 262, 400 65.6 6,812 274, 800 68.7 8,774 280, 000 70.0 10, 553 265, 200 66.3 12, 799 219 122, 047 111, 727 400 155, 972 134, 472 231 126,592 106, 459 267 122, 136 115, 849 259 141,615 137, 608 274 149, 861 140, 598 283 124, 737 145, 979 263 152, 859 177, 384 338 153, 782 206, 634 380 197, 440 210.022 268 530 423 496 302 671 370 587 353 677 614 942 522 729 601 1,005 741 956 596 880 1,207 1,407 1,517 1,864 1,948 2,124 2,527 2,706 3,249 3,490 54.7 55.4 65.3 54.7 59.8 102.6 45.3 76.5 50.0 62.0 91.0 66.0 85.2 82.6 90.6 116.1 102.1 160.5 92.7 149.4 93.5 94.6 82.3 124.9 159.1 170.8 140.2 139.1 166.7 179.3 84 73 67 75 69 85 60 67 90 103 J36 96 114 120 91 128 126 176 135 197 Machinery Electric hoists: New orders— Suantity . no. of hoists. _ 314 327 297 T alue dollars 158, 355 140, 500 134,316 Shipments dollars 135,086 113, 164 166, 438 Electric overhead cranes: New orders thous. of dolls 274 307 671 Shipments thous. of dolls.. 310 416 261 Unfilled orders, end of month . thous. of dolls.. 1,420 1,552 1,413 Foundry equipment: New orders rel. to 1922-24. 57.7 174.4 54.1 Shipments rel. to 1922-24.. 69.7 118.6 72.9 Unfilled orders, end of month rel. to 1922-24.. 180.1 123.8 314.6 Machine tools: New orders rel. to 1922-24 105 87 118 Shipments rel to 1922-24 91 92 96 Unfilled o refers, end" of month rel. to 1922-24.. 238 232 225 Oil burners: New order no of burners 5,517 5,168 4,608 Shipments no. of burners.. 5,229 5, 556 4,226 Stocks, end of month no. of burners.. 10, 060 8, 593 8,549 Unfilled orders, end of month no. of burners. . 1,007 1,395 1,107 Patents granted: Agricultural implements number.. 67 67 60 Internal-combustion engines number.. 68 58 68 Total all classes number 4,167 4,789 4,270 Pulverized-fuel equipment: New orders, central system — Furnaces and kilns.no. of pulverizers.. None. None. None. Water-tube boilers_no. of pulverizers. . None. 2 2 New orders, unit system— Fire-tube boilers. ..no. of pulverizers.. 1 2 3 Furnaces and kilns.-no. of pulverizers.. 1 1 2 Marine boilers no. of pulverizers.. None. None. None. Water-tube boilers.no. of pulverizers.. None. 9 13 Pumps: Domestic shipmentsPitcher, hand, and windmill no. of units 24, 255 22, 767 22, 417 Power, horizontal type_..no. of units.. 2,145 667 2,135 Steam, power, and centrifugal — New orders thous of dolls 921 950 1,075 Shipments thous. of dolls.. 1,036 918 1,037 Unfilled orders, end of month thous. of dolls 2 2, 762 2,616 2,605 Stokers, mechanical, sales: Power horsepower.. 23, 646 18, 723 17, 993 Quantity number.. 65 63 80 Water-softening apparatus, shipments _ .no. of units 702 785 851 r W ater-sy stems, shipments no. of units.. 7,638 6,105 9,090 Wood-working machinery: Cancellations- _ _ thous. of dolls 21 10 16 New orders thous of dolls 484 487 527 Shipments thous. of dolls.. 451 513 545 Shipments. no. of machines . 393 356 400 Unfilled orders, end of month » thous. of dolls.. 516 479 518 2 Revised. 1930 204 179 203 230 238 268 223 235 282 355 3, 708 2 3, 504 2 8, 762 3,748 3,952 8,571 5,026 5,025 8,604 6, 861 7,855 8,319 18, 152 18, 580 8,677 16, 457 17,036 10, 304 11, 581 11,354 11,940 9,130 9,593 13, 857 7,927 7,623 12, 161 9,835 8,178 9,221 725 521 725 724 1,718 2,146 2,725 2,498 2,961 2,657 44 76 3,715 41 58 3,215 58 67 4,251 52 54 3,023 41 49 2,871 43 35 2,871 27 30 2,423 51 52 3,452 109 144 7,670 49 59 3, 932 2 1 None. 2 None. None. None. None. None. None. 2 None. 1 None. 3 2 None. 1 2 3 3 None. None. 2 6 None. None. 8 None. 3 None. 3 5 2 None. 15 None. 2 None. 10 6 3 2 24 3 3 None. 4 None. 1 None. 12 None. 5 6 15 None. 32, 902 1,657 24, 873 1,564 23, 056 1,325 21, 562 1,238 26, 917 1,992 36, 834 1,881 38, 902 2,378 37, 719 2,388 26, 601 2,885 36, 298 2,495 765 873 773 718 1,047 1,205 967 1,116 1,027 1,167 1,212 1,183 1,362 1,367 1,359 1,338 1,291 1,644 1,535 1,641 2 2 30 2,717 2,826 2,812 2,975 3,124 3,267 3,259 3,257 3,250 3, 605 13, 849 66 25, 902 85 11, 726 53 21, 103 71 38, 276 92 42, 899 128 29, 988 115 37, 761 150 47, 803 151 31,956 96 703 5,434 753 6,010 645 5,177 732 6,401 738 7,522 755 8,202 774 9,220 782 9,1599 752 10, 375 1,279 11, 120 13 474 491 421 9 486 383 400 21 470 500 529 16 459 506 442 17 605 564 441 17 648 516 488 12 498 606 694 27 733 821 624 10 836 913 615 11 779 723 502 557 467 520 636 588 470 593 705 785 38 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 1930 May April March Febru- January ary Decem- NovemOctober SeptemAugust ber ber ber 43, 006 45, 518 152, 056 40,111 40, 449 163, 037 33, 196 34, 938 166, 158 28, 041 30, 616 160, 851 56, 494 68, 564 148, 909 52, 254 36, 008 167, 932 17,475 19, 987 20, 325 22, 067 24, 642 51, 785 54,811 217,451 45, 440 43, 221 232, 277 33, 851 36, 642 230, 817 30, 883 34, 438 212, 395 71,113 93, 870 192, 072 21, 295 24, 489 101, 513 22, 995 21, 719 107, 917 18, 641 18, 811 109, 508 15, 781 17, 768 107, 439 54, 448 56, 548 259, 893 52, 771 49, 443 273, 154 41, 532 41, 787 267, 828 51, 973 60, 293 87.8 73 July June 48, 449 51, 836 165, 687 48, 706 53, 259 173, 860 54, 827 52, 189 181, 746 49, 375 59, 554 180, 903 May IRON AND STEEL— Continued Enameled Ware Baths: New orders no. of pieces.. Shipments no. of pieces.. Stocks end of month no. of pieces Unfilled orders, end of month no. of pieces Lavatories: New orders _.no. of pieces.. Shipments no. of pieces.. Stocks end of month no. of pieces Miscellaneous sanitary ware: New orders no. of pieces.. Shipments no. of pieces.. Stocks end of month no. of pieces Sinks: New orders _..no. of pieces.. Shipments no. of pieces.. Stocks end of month no. of pieces Small ware (except baths): Unfilled orders, end of month - - .no. of pieces 30, 813 35, 489 168, 808 43, 750 48, 547 166, 248 41, 799 47, 970 162, 302 36, 712 20, 466 25, 142 29,939 36, 110 39, 497 44, 050 41,412 72, 493 48, 023 214, 472 41, 227 47, 078 205, 517 52, 509 58, 273 204, 496 54, 369 62, 369 185, 515 55, 062 59, 130 187, 150 56, 875 63, 895 187, 979 64, 792 62, 337 197, 117 59, 984 72, 124 192, 197 29, 785 33, 527 106, 152 25, 092 19, 680 112, 460 21, 453 22, 065 108, 795 27,840 29, 142 106, 858 28, 449 31, 485 100, 585 28, 365 29, 807 101, 920 23, 537 25, 987 104, 102 27, 159 27, 283 125, 505 30, 878 35, 399 132, 146 35, 873 39,211 259, 442 63, 074 80, 095 244, 880 61, 567 43, 968 261, 800 44, 897 51, 027 253, 374 58, 504 61, 486 246, 632 57, 606 64, 044 243, 845 55, 785 62, 454 254, 426 61, 766 64, 459 257, 039 62, 424 61, 329 261, 633 61, 803 75, 123 261, 556 53, 470 56, 686 65, 566 109, 086 61, 605 74, 198 84, 246 101, 720 113, 899 126, 062 122, 636 88.7 89.0 88.9 89.3 90.0 90.2 90.4 91.8 92.7 94.3 95.4 73 77 79 85 87 95 97 96 97 96.8 101 78 96 94.0 219.3 94.6 2220.4 103.5 219.9 112.3 224.4 95.0 227.4 97.8 228.1 89.6 231.1 87.0 234.1 97.4 223.3 95.2 213.4 95.1 205.4 106.8 203.6 116.3 198.9 126.5 2 126. 9 144.8 2 130. 7 130.9 129.6 139.8 134.1 137.0 137.2 119.0 111.7 97.1 716 1,844 2,560 832 1,829 2,661 687 1,820 2,507 766 2,090 2,856 647 1,459 2,107 791 1,904 2,695 1,033 2,069 3,101 1,042 1,850 2, 892 954 1,964 2,918 900 2,161 3,061 1,170 2,742 3,913 933 3,140 4,073 24, 179 54, 567 31,536 74, 685 28,947 60, 636 42, 192 60, 209 32, 208 69, 854 37, 773 62, 693 30, 715 75, 703 30, 478 65, 169 33, 141 56, 810 32, 421 75, 436 34, 960 71, 887 40, 186 75, 760 . 0939 .0985 .0972 .0984 .1030 .1011 .0960 .1031 .1069 .1102 .1205 .1276 68.0 71.4 70.4 71.3 74.6 73.3 69.6 74.7 77.5 79.9 87.3 92.5 269 2 46, 452 70 48, 702 76 47, 504 72 48, 059 76 48, 726 83 53, 141 83 55, 954 89 56, 584 84 56, 136 83 54, 249 86 56, 743 90 60, 238 100, 501 52, 085 102, 058 57, 922 99, 853 55, 229 102, 458 53, 429 106, 366 60, 022 112, 646 64, 816 118, 229 70, 419 116, 004 68, 487 120, 778 66, 698 123, 179 67, 638 124, 821 69, 155 132, 183 75, 936 193, 876 367, 921 325. 0 2 128, 877 198,811 354. 205 312.9 2 136, 958 203, 224 363, 629 321.2 128, 685 210, 637 363. 827 321. 4 129, 390 218, 799 367, 175 324.4 136, 252 223, 280 369, 832 326.7 143, 214 240, 145 364, 930 322.4 157, 344 236, 464 360, 650 318.6 156, 705 234, 135 347, 688 307.1 154, 743 242, 212 322, 039 284.5 148, 929 253, 834 316, 762 279.8 150, 697 265, 106 308, 646 272.6 153, 488 1, S95 34, 816 35, 498 3,762 35, 498 41, 775 2,508 46, 902 39, 464 2,721 55,331 43, 405 2,896 48, 705 48, 517 3,963 48, 400 43, 423 3,361 63, 584 50, 402 2,746 52, 907 48, 491 3,673 60, 978 52, 980 2,570 45, 194 51, 538 5,975 55, 801 50, 721 5,100 77, 372 52, 818 NONFERROUS METALS General Operations Prices, wholesale, metal and metal products -rel. to 1926.. Production index (Fed. Res. Bd ) rel. to 1923-25.. Production index (elec. energy consumed) - ...rel. to 1923-25. . Stocks end of month rel. to 1923-25 Stocks' raw materials, end of month rel. to 1923-25 _. Raw Materials Babbitt metal consumption: 731 Direct by producers thous. of lbs__ 1, 678 Sale to consumers thous. of Ibs Total apparent -- -thous. of lbs_. 2,409 Copper: Exports short tons.. 22, 951 Domestic shipments, refined. .short tons.. 45, 265 Prices, wholesale, electrolytic (N. Y.)_ dolls. perlb__ .0867 Prices, wholesale, electrolytic 62.8 (NY) rel. to 1926.. Production— 68 Index (Fed. Res. Bd.).rel. to 1923-25.. Mines short tons.. 45, 671 Refined (N. and S. America) short tons 102, 695 53, 734 Smelters short tons Stocks (N. and S. America), end of monthBlister - short tons.. 180, 578 Refmed -_ short tons.. 398, 667 352.2 Refined rel. to 1923-25 World production, blister short tons.. 130,486 Lead: Ore shipments — 1,881 Joplin district short tons 41, 576 Utah - short tons Production, refined short tons.. 39, 519 Production (Fed. Res. 78 Bd ) _ rel. to 1923-25.. Price, pig, desilverized (New York) .dolls, per lb_. .0382 Price, pig, desilverized (New York) rel. to 1926 45.4 Receipts in United States, ore.short tons.. Tin: Deliveries (consumption) long tons.. 5, £05 Imports (bars, blocks, etc.) long tons.. 5,483 Price, wholesale, Straits (New York) dolls per Ib .2320 Price, wholesale, Straits (New York) . rel. to 1926. . 35.5 Stocks, end of monthUnited States .. long tons5, 698 World visible supply long tons.. 51,231 Zinc: Ore, Joplin districtShipments short tons 22, 470 Stocks, mines, end of month short tons 65, 480 Price, slab, prime western (St. Louis) dolls, per lb._ .0331 Price, slab, prime western (St. Louis) 45.1 . rel. to 1926 Production ._ short tons.. 25, 688 Retorts in operation end of month ^ number 23, 024 Stocks, end of month short tons. . 143, 049 1 Revised* 71 79 82 83 92 83 94 101 106 103 99 104 .0441 .0453 .0455 .0480 .0510 .0510 .0515 .0550 .0549 .0525 .0541 .0552 52.4 34, 694 53.8 37, 878 54.0 35, 512 57.0 42. 110 60.6 40, 462 60.6 38, 820 61.2 46, 237 65.3 48, 354 65.2 45, 542 62.4 44, 433 64.3 47, 692 65.6 49, 530 6, 630 6, 126 6,120 6, 986 5, 100 5,903 7,210 8,113 7,495 6,659 6,270 6,470 7,580 5,929 7, 250 5,523 5,695 5,979 6,130 5,259 5,885 6,793 5,710 8,829 .2512 .2707 . 2631 .2610 .2527 .2589 .2686 .2964 .3002 .2981 .3030 .3213 38.5 41.5 40.3 40.0 38.7 39.6 41.1 45.4 46.0 45.7 46.4 49.2 6,212 48, 462 7,917 48, 607 5, 862 49, 339 4,904 43, 619 4,693 42, 498 5, 372 40,811 4,823 39, 676 6,323 40, 150 7,533 43, 805 6,786 41, 950 7,728 42, 611 6,767 39, 771 27,261 17, 163 25, 389 25, 987 31,056 39, 478 33, 474 32, 122 37, 994 24, 974 41, 819 52, 454 61,110 63,001 58, 534 56, 013 47, 000 49, 441 45, 689 41, 663 38, 565 28, 729 19, 553 20, 802 .0372 . 0400 .0401 .0404 .0410 .0427 .0406 .0427 .0436 .0435 . 0444 .0464 50.7 29, 137 54.5 32, 328 54.6 29, 562 55.0 32, 522 55.9 32, 733 58.2 32, 097 55.3 40, 922 58.2 40, 470 59.4 41,012 59.3 40, 023 60.5 43, 458 63.2 44, 556 29, 072 143, 212 34, 221 141, 493 35, 518 144, 389 35, 635 145, 076 33, 640 143, 618 37, 492 145, 618 41, OC4 143. 327 44, 974 134. 835 50, 404 126. 835 46, 030 117. 724 52, 428 113.090 52, 072 106. 080 39 SURVEY OF CURRENT BUSINESS July, 1931] MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May NONFERROUS METALS— Continued Manufactured Products Electrical equipment: Delinquent accounts, electrical trade. (See under Distribution movement.) 1,791 Electric furnaces new orders kilowatts Electric goods, new orders (quarterly) thous of dolls Electrical porcelain, shipments2,144 Glazed nail knobs thous. of pieces. . 2,061 76, 313 Special dollars. _ 78, 983 52, 009 Standard dollars.. 57, 462 1,309 890 Tubes thous. of pieces 1,281 Unglazed nail knobs. thous. of pieces. . 2,323 72, 003 Industrial reflectors, sales units.. 67, 256 Laminated phenolic products, shipments 633 711 thous. of dolls. . Manufactured mica135 128 Shipments thous. of dolls.. Unfilled orders, end of month 138 119 ; thous. of dolls.. Motors (direct current) — 473, 767 Billings (shipments) dollars 536, 272 New orders dollars Nonrnetallic conduits, shipments 5,112 ..... thouslof feet... Outlet boxes and covers, shipments thous of pieces 1,303 ! 1, 619 Power cables, shipments. __thous. of feet... Power switching equipment, new orders111,875 Indoor. dollars.. | 216 145 Vulcanized fiber1,475 Consumption. thous. of lbs_. 432 Welding sets, new orders8 Multiple operation units 169 165 Single operation units.. Miscellaneous products: 90.4 86.8 Brass sheets rel. to 1926.. Copper-wire cloth — 299 275 New orders thous. of sq. ft._ Make and hold orders, 514 554 end of month thous. of sq. ft.. 340 256 | Production thous. of sq. ft_. 277 297 Shipments _ thous. of sq. ft 1,073 1, 096 Stocks, end of month. .thous. of sq. ft._ Unfilled orders, end 174 302 1 of month _ thous. of sq. ft Enameled sheet-metal ware, 264, 953 1 281,339 shipments dozen pieces. . Pails and tubs, galvanized— 1 143,258 Production dozen pieces ! 140,080 Shipments dozen pieces Other galvanized ware! 34, 929 Production dozen pieces ; 42, 287 Shipments dozen pieces PAPER AND PRINTING General Operations New orders rel. to 1923-25.. Production index (Fed. Res. Bd ) rel to 1923-25 Production index (elect, energy consumed) (paper and pulp) _. rel. to 1923-25-. Stocks, end of month rel to 1923-25 ^ Wood Pulp Ground wood: Consumption and shipments. .short tons._ Production short tons Stocks end of month short tons Soda: Consumption and shipments, .short tons.. Production short tons Stocks, end of month short tons Sulphite, unbleached: Consumption and shipments.. short tons_. Imports short tons Price dolls, per ICO lbs__ Production short tons Stocks, end of month short tons._ Sulphite, bleached: Consumption and shipments.- short tons.. Imports short tons.. Production short tons Stocks, end of month short tons Total sulphite: Consumption and shipments.. short tons.. Production short tons Stocks, end of month short tons Sulphate: Consumption and shipments—short tons.. Production short tons Stocks, end of month short tons Other grades: Consumption and shipments short tons Production . short tons Stocks, end of month _ .short tonsTotal chemical (all grades) : Consumption short tons Production _ short tons.. Stocks, end of month short tons.. March April 1930 Febru- January ary December No *T" October 2, 202 3, 317 Septem- August ber July June May i 2,046 2,358 1,489 4,599 '181,265 208, 936 1,458 78, 716 52, 599 783 1,224 69, 484 2,523 86, 471 64, 823 1,125 1,386 68, 285 2,253 86, 976 87, 794 875 1,752 65, 501 689 630 605 142 137 133 110 141 445, 833 396, 958 3,508 2,866 5,899 3,665 16, 602 3292,902 2,243 133, 654 68, 483 782 1,120 135, 687 2, 464 116,935 72, 825 1,140 1,524 134, 783 3,292 111,941 80, 368 1,266 2,211 109,977 789 722 925 868 122 156 162 195 107 109 88 137 166 621, 114 474,611 596, 670 820, 444 708, 095 719, 846 644, 252 673, 415 677, 348 935, 040 776, 681 633, 088 4,067 4,235 3,397 3,564 4,021 4,021 1,491 2,260 1,517 1,980 1,703 2,033 1,512 1,936 69, 202 84, 160 118, 431 121, 930 219, 232 342, 771 298, 354 319, 668 136, 559 451,051 172, 186 366, 584 128, 303 448, 802 1,834 2,007 91, 564 93, 677 47, 994 51,016 522 j 801 1,164 1,159 76,659 115, 736 2,044 131,815 73, 659 1,156 1,615 113,316 551 674 1,023 854 101 132 150 141 105 104 90 104 418, 228 450, 204 393, 558 680, 251 500, 165 617, 454 433, 530 457, 518 3,667 3,997 2,417 3,713 i 5,012 3228,733 1,677 1,957 2,218 2,453 99, 576 111,029 65, 581 69, 656 334 1,146 1,222 1,605 125, 786 127, 608 2,179 2,108 1,630 1,326 1,139 1,678 75, 303 269, 425 64, 736 201, 344 76,052 228, 862 77, 248 178, 160 1,975 484 1,652 426 1,369 385 1,421 318 1, 513 359 1,824 465 1,945 447 1,828 430 2,121 450 1,967 541 2,144 517 11 177 4 136 23 155 13 152 2 153 6 200 9 194 8 221 10 207 7 228 1 274 91.4 89.7 90.7 93.6 92.7 88.9 92.5 94.0 95.9 100.9 103.9 357 309 404 337 269 363 299 336 378 360 378 557 330 308 1,079 530 297 304 1,083 539 344 309 1,145 530 310 303 1,176 606 385 356 1,160 533 384 317 1,173 516 387 353 1,117 525 373 347 1,118 565 370 395 1,107 540 401 359 1,145 574 332 311 1,097 i 1, 824 186 211 217 165 166 199 241 264 279 232 252 312, 916 289,205 267, 232 250, 568 263, 365 329, 337 297, 622 146, 438 144, 637 312, 781 120, 723 103, 677 133, 977 87, 140 68, 898 60, 798 68, 330 31, 542 29, 579 34, 347 28, 142 23, 716 25, 958 21, 657 15,915 16, 061 21, 296 85.8 93.2 309, 645 213, 420 247, 861 290, 617 130, 906 103, 177 103, 050 115, 185 116,875 103, 354 91, 879 104, 096 89, 982 82, 956 113,645 107,496 40, 084 41, 126 38, 218 46, 310 46, 730 43, 827 42, 056 33, 874 40, 646 33, 140 44, 405 43, 483 106. 0 100.5 102.2 104.5 107.3 103.0 109 111 116 119 100.2 ; 100. 7 2 103. 3 296.7 97.2 ; 110 110 109 105 127. 0 128.6 111.8 125.9 117.0 122.6 112.3 121.7 120.0 127.4 119.3 118.1 115.1 117.4 119.9 112.0 137. 5 112.9 132.2 106.8 116,914 2111,165 296,823 2 108, 349 14, 652 2 15, 656 2 14, 394 23, 136 i 95,937 107, 208 136,438 2116,311 1 93, 131 2 73, 606 2 68, 460 2 69, 346 109, 740 27, 024 110, 578 75, 498 110, 502 21, 77G 102, 957 74, 660 121, 335 31, 305 96, 465 82, 205 109, 860 29, 502 92, 872 107, 075 116, 886 21, 261 97, 895 124, 063 122, 709 17, 186 104, 997 143, 054 124, 903 18, 534 140, 603 160, 766 136, 293 17, 432 162,911 147, 710 28, 512 29, 162 4,366 27, 128 28, 560 5,118 28, 346 28, 966 4, 938 28, 954 30, 684 5,642 28, 638 30, 052 5,248 28, 868 29, 962 5,166 28, 984 30, 326 5,420 30, 004 32, 366 5,426 35, 676 38, 532 5,652 2 18, 882 220,554 2 20, 194 34, 289 50, 271 87, 600 2.35 ! 2.48 2.48 2 18, 878 2 19, 384 2 20, 354 2 4, 320 25,490 24,316 18,272 63, 870 2.48 17, 860 5,474 18, 238 76, 850 2. 48 18, 532 5, 886 22, 316 52, 286 2.48 22, 166 5, 592 18, 938 52, 426 2.48 18, 888 5,742 19,122 60. 198 2.48 19, 608 5,792 18, 530 57,317 2.48 18, 860 5,306 19,398 64, 687 2.48 19, 464 4,976 20, 488 47, 042 2.48 21, 200 4, 948 37, 272 2 40, 544 ] 243.090 241,616 30, 511 32, 863 ! 25, 592 36, 995 38, 092 2 240, 600 H0,462 241,402 5, 376 25,320 2 7, 948 4, 196 38, 844 30, 322 38, 698 9, 206 40, 634 30, 595 40, 938 9,352 48, 118 30,484 47, 790 9,048 49, 050 30, 567 49, 830 9,376 48, 094 42, 986 26, 880 2 28, 256 48, 340 42, 136 8,250 8,596 47, 892 30, 955 50, 096 9,200 52, 652 25, 548 52, 738 6,972 115,960 2115,794 2117,122 2121,774 115,974 2115,022 2112,552 2 120, 628 18, 734 2 18, 998 ! 219,770 224,340 116,830 117, 158 28, 720 120, 780 121,276 28, 392 141,852 140, 264 27, 896 128, 936 129, 242 29, 484 131, 454 131,382 29, 178 124, 326 123, 718 29, 250 136, 578 137, 768 29, 858 146,014 146, 280 28, 632 234,014 ! 235,880 2 36, 542 i 2238,104 2 10, 152 10,092 233,722 2 36, 674 2 10, 426 33, 190 36, 204 10, 006 34,110 37, 208 9,494 41,446 44, 454 8,974 38, 990 42, 378 8,966 41, 970 44, 374 8,498 38, 754 40, 562 9,088 39, 066 41,290 9,998 43, 504 46, 134 10, 296 1,258 1,190 624 124 92 28 110 122 60 136 168 48 150 128 16 174 188 38 160 160 24 214 196 24 168 188 42 178, 652 ! 2 181, 902 2 185, 266 182, 056 > 2181, 176 2 2187, 594 34. 858 35. 192 39, 756 177,272 182,014 43, 872 183. 346 212, 388 196, 714 187, 572 215, 570 201, 800 42. 882 42. 560 43, 714 Quarter ended in month indicated. 202, 466 205, 906 42, 880 192,224 194, 766 43, 782 205, 862 211, 620 45, 306 224, 362 231, 134 44, 622 135.1 ! 126.1 2 123.0 i 123.4 i 109. 6 131.2 101 : 27, 660 27, 884 29, 304 29, 422 4,998 | 4, 624 27,412 2S, 102 4, 414 34, 483 2.15 ; 28, 614 2 Revised* ! i 1 21, 178 30, 724 2.15 21, 076 3, 936 ! 39,082 41,292 9, 594 1 i i 844 898 764 183,298 i 186,266 1 33. 506 1,184 1,188 710 2 2 1,016 1,098 706 2 3 103 107 109 3 2 40 SURVEY OF CUERENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May April 208, 935 206, 571 224, 021 I Febru- January ary March 1930 December N ™ October Se July ^H August June May PAPER AND PRINTING -Continued Paper Box board: Consumption of waste paper, .short tons.. New orders short tons Operation thous. of inch hours. . Operation... p. ct. of capacity-Production _ short tons . Shipments short tons.. Stoeks, end of month short tons_. Stocks of waste paper, end of month—In transit and unshipped purchases .short tons _ At mills. ..short tons.. Unfilled orders, end of month. short tons.. Newsprint: Consumption by publishers, U. S. short tonsExports, Canada short tons— Imports, United States. ..short tons.. Price, roll, f. o. b. mill dolls, per cwt_. Production — Canada __. _ . _ _ .short tons.. United States, total short tons.. Per cent of capacity _ ShipmentsCanada short tons United States short tons Stocks, end of month— At millsCanada short tons United States short tons At publishers, U. S .short tons . In transit to publishers, U. S . short tons . Other paper: Binders' board, production short tons Book paperProduction short tons Per cent of capacity . Shipments .. short tons.. Stocks, end of month short tons Fine paper— Production short tons.. Per cent of capacity... Shipments short tons.. Stocks, end of month short tons Wrapping paperProduction short tons Per cent of capacity _ . Shipments short tons_. Stocks, end of month short tons— All other gradesProduction short tons.. Shipments short tons.. Stocks, end of month short tons.. Total paper (including newsprint and box board)— Production . short tons _ Per cent of capacity _. Shipments short tons Stocks, end of month short tons.. 227,116 199,229 ' 2162, 528 222,511 198,296 211,782 i 173,258 7,520 i 8,175 7,345 6, 261 2 271.2 70.1 264.5 53.1 226,011 205, 785 211,691 176,483 2224,023 203, 202 209,660 175, 170 74,482 ! 72, 451 « 79, 053 77, 065 210, 590 2191,331 2 7,903 8, 023 71.6 224, 770 225, 977 80, 577 227, 806 81, 784 35, 641 167, 525 46, 680 25, 026 167, 478 45, 541 179,836 185, 432 192, 688 174, 325 152, 360 175, 242 202, 607 101, 202 69 67.8 230,537 51, 301 167, 846 49, 326 35, 229 191,507 50, 838 34,510 ! 34, 292 197,699 i 201,597 55,744 1 53, 622 200, 545 169, 345 3.10 179,340 150, 403 144, 236 148, 388 3.10 172,110 ! 194, 144 205, 838 102, 450 70 187, 005 100, 590 68 164, 552 88, 788 65 182,657 i! 184, 755 101,990 99, 276 202, 280 102, 555 205, 752 101,819 187, 730 101, G44 162, 350 90, 901 180. 027 ! 188, 845 ICO, 440 99, 062 39, 962 32, 956 178, 333 39, 754 34, 289 185, 560 39, 850 32, 254 190, 728 42, 259 33, 627 211,142 44, 859 45, 352 44, Oil 39, 486 1, SG9 1,401 1, 543 160,660 1 166, 645 153, 362 3.10 \ 69 38, 768 ; : 223. 071 226, 899 69.7 228, 257 228, 439 67, 720 207, 596 230, 380 7,893 66.9 68.1 224, 391 222, 788 224, 141 223, 427 67,652 , 67, 902 30, 649 184, 598 55, 534 45, 960 165, 499 61, 978 36, 108 187, 508 63, 518 163, 895 194, 820 175. 996 3.25 201, 703 ; 213,817 92, 337 105, 450 72 68 195,490 210, 793 220, 965 2 7, 842 69.1 221, 525 225, 336 68, 291 232, 581 234, 448 8,378 71.0 239, 186 238, 079 72, 102 43, 393 175,645 65, 819 38, 241 184,451 58, 866 34, 919 185,972 63, 237 157,426 170, 107 169, 280 3.25 163, 666 199, 060 193, 595 3.25 177, 800 194, 322 206, 927 3.25 193, 998 225, 251 207, 605 3.25 95, 261 70 202, 043 101, 601 72 216, 978 102, 840 73 213, 634 108, 398 80 237, 681 118. 093 80 221, 748 102, 808 193,835 197,870 96, 048 99, 236 209,511 212, 670 103, 018 106, 883 239, 634 114, 702 52, 547 34, 910 177,486 57, 377 184, 615 225, 495 173,149 183,388 3.25 195, 953 3. 25 200, 776 209, 944 3.25 69 213, 673 93, 631 7,907 215, 879 221, 840 8,030 217,651 33,318 198, 151 211, 716 62, 495 30, 879 215, 685 59, G07 30, 691 227, 443 52, 862 29, 284 221,368 45, 229 29, 507 200, 651 44, 409 27, 924 199, 363 39,022 | 38, 821 50, 539 41,017 41, 970 38, 885 32, 422 36, 274 46, 702 1,515 i 1,477 1,317 1,894 1,342 1,620 1,400 1, 592 1,974 100, 188 105,017 115,340 103, 525 74 106, 838 114, 766 102, 602 101,090 114,302 93, 897 73 93, 428 105,017 78 107,012 118, 362 111, 720 87 109. 932 120, 778 124. 133 93 117,306 118,410 35, 141 2 32, 534 232,835 74 73 66 67 2 2 32, 339 22 34, 707 33, 100 2 33, 981 61, 148 i 62, 459 : 62, 905 2 61, 340 25, 485 52 24. 873 68, 310 29, 085 64 28, 387 67, 701 34, 486 72 34, 624 67, OC9 31, 608 67 29, 996 67, 136 31,616 33, 290 70 32, 657 64, 730 33, 854 74 29, 995 64, 091 38, 689 79 38, 031 60, 226 2 75, 404 2 72, 281 2 71, 826 i 85 82 88 81,320 ; 2 76, 083 271,920 271,970 77, 107 2 77, 718 2 78, 404 2 78, 047 ; 74, 554 76, 628 83 77, 701 70, 881 83, 905 84 84, 744 71, 916 74, 704 81 77, 916 72, 732 77, 476 81 74, 687 75, 949 73, 915 79, 976 73, 149 77, 138 84 79, 375 79, 207 85, 346 86 84, 322 81,414 81, 660 83, 735 65, 186 78, 272 82,814 66, 367 93, 149 88,119 71, 8C3 92, 442 92, 528 66, 773 32,903 217,889 117, 374 2117,964 2 114, 306 125, 335 79 80 85 2 79 ; 2 127,466 118, 782 2 119,026 2117,849 2 90, 353 294,413 87, 395 : 89, 088 2 32,451 80, 675 91 2 2 2 2 74, 123 SO, 808 ..: 190,502 228, 588 200, 1 99 247. 209 8,391 7,114 65.3 68.5 203, 381 253, 889 202, 042 251,810 71, 138 69, 799 81,218 ! 22 74, 186 71,417 i 69, 540 70, 054 2 78, 378 69, 735 277,122 67, 618 265,594 ; 73, 137 72, 333 75, 094 40, 372 31,818 100,345 118,315 78 106. 907 115,995 67 30, 826 65, 524 77, 846 78, 349 65, 777 62,400 87, 455 88, 985 62, 903 84, 954 85, 708 64, 432 551, 080 65 545, 049 425, 234 573,174 668, 71 C 74 669, 809 617,386 621, 761 72 421,214 616, 122 71 628, 904 419, 544 645, 784 78 639, 640 433, 677 697, S89 619,532 421,247 60 58 GO 70 57 67 80 65 76 76 65 72 63 70 73 68 72 74 69 76 68 305,274 !| 283, 933 347. 876 75, 507 80| 360 77,921 383,195 ; 359, 440 428, 236 415, 623 90, 955 506, 578 88 388, 030 85, 324 473, 354 78 374, 709 86, 439 461, 148 85 393, 130 97, 474 490, 604 390, 884 93, 081 483, 965 80 644, 293 2 629,233 2 583,748 2622,055 71 73 2 66 74 112 i 644,045 2 628,343 i 414,451 j 410,558 36, 777 32, 061 585,946 2621,365 2 408,407 2406,587 71,717 69 573, 538 419,711 419,278 74 618, 452 684, 968 426, 849 Paper Products Paper-board shipping boxes: Operating time — Corrugated p ct of normal 84 Solid fiber p. ct. of normal , 65 Total p. ct. of normal.. 79 Production — Corrugated thous. of sq. ft.. 417, 407 Solid fiber _. thous. of sq. ft.. 100, 301 Total thous. of sq. ft 517, 708 Rope paper sacks, shipments __rel. to 1921-22.. . S?/o 78 61 74 391. 043 93; 875 484, 938 ! ' 65 382, 305 91, 966 474, 271 77 81 ! 07 78 401, 874 102, 609 504, 483 Printing 79 63 54 61 84 : 66 79 69, 004 47, 878 78, 707 60, 812 55, 779 59, 152 64, 544 68 630 618 247 95 785 141 91 92 643 150 93 657 155 85 418 74 89 440 71 96 621 147 104 9,455 11,053 12, 217 13, 428 11, 652 12, 363 11, 026 10, 903 10, 572 12, 688 12, 540 11, 730 10, 967 " ! Blank forms, new orders thous. of sets.. Book publication: American manufacture no. of editions _ Imported no. of editions.. Printing activity rel. to 1923.. Sales books: New orders ._ —thous. of books.. Shipments thous. of books.. 55, 266 48, 877 --_,11, 587 10, 585 10, 284 11,079 74 I _: 425, 900 92, 488 518, 388 87 52,887 98" 11,204 10, 669 48, 751 --10, 054 10, 652 50, 587 95" 10, 735 10, 454 10, 893 10, 723 11,918 RUBBER General Operations Production index (Fed. Res. Bd.) _. . _ _ rel. t o 1923-25Production index (elect, energy consumed) rel. to 1923-25 Stocks end of month rel to 1923-25 107 122 3 119. 6 109.0 2 118. 1 98 109.6 118.4 | 94 88 73 112.9 113. 0 99.0 107.4 84.3 110.6 84 96 93 119 121 107. 2 115.8 110.5 125.6 103.8 136.6 104.8 156.0 135. 3 158. 2 3 78 441 3 64, 353 45,375 35, 783 36, 657 35, 424 3103,250 3 87, 072 40, 382 42. 994 88 86.1 115.5 99.0 I 117.9 Crude Rubber Consumption, quarterly: Total For tires Imports (incuding latex) __ 3 82, 480 lone tons 3 68, 593 long tons long tons.. 35. 844 44. 908 40.788 2 Revised. 34. 374 3 66, 258 . . 3 52, 284 37, 370 1 29,733 36. 598 • Quarter ended in month indicated. ; 41 SURVEY OF CURRENT BUSINESS July, 1931] MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1930 j May April March | Decem- Novem ^y " January ber ber F U ! October | Se m P£ - August July June May RUBBER— Continued Crude Rubber— Continued Prices, wholesale, smoked sheets, New York dolls, per lb_. 0.064 Prices, wholesale, smoked sheets, New York rel. to 1926_. 13. 2 Stocks, domestic, end of quarter: Afloat long tons.. Dealers long tons Manufacturers. _longtons__ Total long tons World shipments, plantation _ long tons World stocks, end of month: Afloat long tons Europe - __ long tons Producing countries.. long tons.. United States long tons 219, 405 World total.. _ _ long tons Reclaimed rubber: Production, Quarterly long tons Stocks, end of quarter long tons.. Scrap rubber: Consumption by reclaimers, quarterly long tons Stocks at reclaimers, end of quarter. _ long tons.. | > 0.064 0.077 0. 076 0. 082 0.089 0.089 0.084 0. 080 0. 100 0.111 0.124 0. 142 113. 2 15.9 15.7 16.9 18.4 18.4 17.3 16. 5 20. 6 22.9 25.6 29. 3- 3 49 471 3 49, 613 3138,140 3187 753 71,218 63, 395 78, 159 142, 520 42, 770 224,211 487, 660 3 44. 286 J a 58, 804 - . — 3129,575 3188.379 65,719 | 65,714 | 65,661 88, 959 2 86,469 ! 82,687 i 81,479 137, 452 130,247 I 127,553 121,131 43,958 43,154 j i 36,118 45, 782 215, 523 210,611 ! 207,085 201,000 487, 716 M71,285 460,479 j 439,728 _. 3 32, 115 16, 142 j 1 3 . 345,073 1 359,205 391,968 3151,173 74,941 63, 065 71, 934 73, 509 97, 701 120, 389 37, 714 171, 285 427, 089 82, 805 112, 798 42, 910 162, 283 400, 796 80, 236 119,010 37, 564 193, 091 429, 901 ! 3 80.477 3 18, 534 ' 8 3fi 3 41 274 84, 435 118,873 36, 046 188, 310 427, 664 i | 378 359.464 3 57, 198 3 43, 203 3 51, 387 3 87, 381 3 138, 767 53, 944 60, 596 72, 485 75, 480 109, 908 39, 300 155, 000 379, 688 85, 835 105, 035 41, 923 146, 179 378, 972 84, 129 111,751 40, 362 158, 445 394, 687 331,277 3 17, 989 3 45, 269 3 19, 926 3 39 071 ' 3 3 66, 363 3 66, 511 57, 251 Tires and Tubes Pneumatic casings: Production ShipmentsDomestic Exports _ Stocks, end of month Solid and cushion tires: Production _ Shipments— Domestic Exports Stocks, end of month Inner tubes: Production Shipments — Domestic Exports Stocks, end of month Raw material consumed: Fabrics Crude rubber _ thousands 3, 955 3,730 3, 188 2,940 2,251 2,123 2,866 2,692 3,332 3,193 4,098 4, 574 thousands thousands thousands 3,804 142 8, 025 3,143 155 8,012 2,580 142 7,629 2, 855 140 7,166 2, 550 139 7, 203 2,119 148 7,676 2, 613 186 7,842 3,360 165 7,849 3,976 164 8,678 4,229 129 9,449 4,050 185 10, 622 3, 960 213 10, 745 thousands 12 11 11 13 13 13 18 14 16 13 17 17 thousands thousands thousands 14 1 64 15 1 69 12 1 73 12 i 1 75 ! 12 1 76 13 1 76 19 1 78 22 1 82 22 1 90 19 1 101 18 2 107 23 1 108 thousands 3, 693 3,560 . 3, 133 2,898 2,448 2,144 3,161 3,053 3,837 3,151 3,960 4,428 thousands thousands thousands 3,610 99 8,330 2,922 109 8,380 2,619 101 7,937 3,147 ! 102 7,552 2, 634 96 7,999 2,147 84 8,250 2, 659 119 8,414 3,525 108 8,052 4,492 118 8,589 4,594 90 9,326 4,082 131 10, 889 3, 940 119 11,082 15,244 45, 016 14, 041 41,851 12, 002 36, 651 12, 738 36, 319 8,358 25,537 8,418 26, 253 11, 780 36, 097 10, 917 33, 382 13, 223 40, 736 13, 399 39, 365 15, 034 45, 706 17, 437 52, 130 19, 380 18, 094 16, 846 16, 803 19, 380 19, 220 16, 361 18, 276 21, 884 13, 059 12, 881 20, 791 15, 493 22, 623 25, 082 41, 291 39, 364 37, 097 26, 348 44, 952 28, 767 38, 582 21, 249 55,411 110,520 75, 719 569 832 2, 129 1.656 4,617 259 569 889 1,892 1,631 4,412 231 496 722 1,611 1,378 3,711 222 366 675 1, 337 1,326 3,338 165 597 779 1, 276 1,345 3, 400 165 432 954 1,554 1,678 4,186 197 682 1,045 1,473 1,565 4,083 172 529 1,248 1,682 1,622 4,552 164 559 1,364 1, 856 1,690 4,910 174 507 1, 238 2,199 1,881 5,318 177 634 1,310 2, 703 2, 150 6, 163 211 615 15, 408 14, 661 13, 156 12, 973 13, 101 11,083 16, 460 14, 322 13, 735 15, 117 15, 795 15, 603 578 4,038 10.112 27, 764 577 4,868 10, 991 26, 708 658 4,854 8.397 29, 335 748 3, 939 8,471 30, 302 838 3,450 6,618 29,741 880 4,473 4, 578 29, 130 966 8,291 9,354 29, 353 1,083 6,681 9,244 31, 601 780 6,622 8,813 33, 226 938 5,053 11,668 36, 220 829 5,186 10, 287 38, 852 776 5,221 7,432 38, 595 710 1,040 1.271 3,381 738 863 1,168 2,769 644 567 973 2,184 577 738 | 891 2,206 476 697 736 1,909 532 1,426 864 2,822 915 3,040 1,254 5,209 733 3,249 1,064 5,046 678 1,805 975 3,458 608 1,415 917 2,940 851 1,486 1,042 3,379 1, 239 1,333 1,025 3,597 2,692 2,292 2,724 2,481 3,021 1,426 3,056 2,193 1,473 2,663 2,734 1,939 69 255 2,474 2, 764 14 408 2,145 2,876 36 290 2. 259 3,167 11 ! 287 I 2,090 3,032 58 243 2, 305 2,917 60 280 1,011 2,390 82 492 2,638 2,520 74 333 1,691 2,729 74 317 1,161 2,289 34 364 2,627 2,876 31 309 2,549 3,307 27 332 1,506 3, 019 ..thous. of lbs__ . ..thous. of Ibs Miscellaneous Rubber Products Calendered rubber clothing: Net orders no. coats and sundries Production no. coats and sundries.. Mechanical rubber goods, shipments: Belting thous. of dolls.. Hose thous. of dolls.. All other thous. of dolls.. Total thous. of dolls.. Rubber 1 ands, shipments thous. of lbs._ Rubber flooring shipments thous. of sq. ft__ Rubber heels: Production ... . thous of pairs Shipments — Exports thous. of pairs.. Repair trade thous of pairs Shoe manufacturers thous of pairs Stocks, end of month thous. of pairs Rubber-proofed fabrics, production: Auto fabrics thous. of yds.. Raincoat fabrics thous. of yds.. All other thous. of yds_. Total ..thous. of yds_. Rubber soles: Production thous of pairs Shipments— Exports thous. of pairs.. j Repair trade _ _ thous of pairs ' Shoe manufacturers... thous. of pairs.. Stocks, end of month thous. of pairs.. 982 759 1,440 ! 1,400 3,599 211 365 STONE, CLAY, AND GLASS General Operations New orders _ rel. to 1923-25. . Production index (elect, energy consumed) .... rel to 1923-25 Stocks, end of month rel to 1923-25 Unfilled orders, end of inonth..rel. to 1923-25.. 52.3 48.7 55.3 48.0 53.3 48.7 53.3 66.3 64.3 58.7 60.0 75.0 74.3 132.0 172.9 91.3 116.5 2 174. 5 2 80. 7 105.1 179.3 2 97. 2 102.6 173.4 2 79.2 75.3 165.0 2 97. 8 100.6 166.0 33.8 106.2 162.9 41.3 106.3 149.6 40.0 120.5 152.6 45.8 118.2 160.1 47.3 110.8 170.4 39.8 136.5 191.5 53.7 121.2 191.8 47.8 44 10.25 62.3 31, 307 53 10.00 60.8 29, 284 66 10.00 60.8 19, 844 55 10.00 60.8 19, 657 65 9.50 57.7 33, 488 90 9.50 57.7 103, 489 76 9.50 57.7 103, 390 70 9.50 57.7 115, 251 62 9.50 57.7 105, 493 67 10.00 60.8 82, 429 69 10.00 60.8 123, 694 69 10.50 63.8 98, 833 205, 842 165, 172 38, 281 256, 396 192, 499 48, 240 237, 346 194, 504 36, 997 251, 842 290, 144 205, 600 233,812 47, 032 i 84,550 429, 896 285, 944 121, 389 405, 082 273, 309 101, 9C6 373, 485 271, 577 132, 689 350, 940 222, 710 149, 034 341, 993 197, 069 95, 101 390, 782 213, 848 182, 680 303,971 171,867 137, 980 Brick Common brick: 28 Plants closed down. _ number Price, red, New York dolls, per thous.. 10. 25 Price, red, New York rel to 1926 62.3 Shipments thousands 28, 672 Stocks, end of month — Burned. _ thousands 175, 365 Unburned.. ... _ thousands 155,908 Unfilled orders, end of inonth.thousands.. 43, 180 2 Rev sed. 2 Quarter eiided in m onth indi cated. 42 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May April 1930 March February 'anuary Decem- Novem- October Septem- August ber ber ber July June May STONE, CLAY, AND GLASS-Contd. i Brick— Continued Face brick: Production thousands 549 Shipments - .thousands 569 3, 634 Stocks end of month thousands 781 Unfilled orders, end of month, thousands .. Sand-lime brick: Production thousands-- 5, 084 Shipments by rail thousands.. 1, 595 Shipments by truck . _ _ .thousands. _ 4, 375 10, 721 Stocks end of month thousands Unfilled orders, end of month .thousands .. 6,513 533 579 3,698 784 395 522 3.734 685 338 369 3,836 708 310 303 3, 856 778 494 365 3,823 778 543 536 3,677 821 748 767 3,662 901 730 794 3,677 1,067 854 779 3,717 1,059 738 865 3,625 1,144 835 887 3,737 1,263 968 3,765 1,331 3,999 1,698 3,330 11, 119 5, 232 4,869 1,466 3,743 12, 566 7,070 4,140 1,493 3,306 12, 545 6,720 3,718 910 3,367 11, 594 5,245 6,053 1,846 4,277 12, 070 9,125 7,126 3,044 4,659 12, 730 8,183 7,925 3,437 6,169 12, 260 7,567 7,877 3,278 6,553 14, 151 8,957 9,636 2,921 6,437 15, 496 7,762 10, 415 3,102 6,781 14, 328 9, 797 10, 317 2,929 6,809 13, 191 9,314 12, 708 3,272 7, 559 12, 975 10, 706 2,119 2, 545 6, 003 1, 952 2,291 6,078 2, 250 2,479 5, 974 2,342 1,972 6, 307 2,634 2, 041 6, 696 1,894 1,486 7,022 2,221 1,678 6,814 2,451 2,297 6,578 2, 585 2,623 6,412 2,636 2,459 6,768 1,980 2. 368 6,799 3,249 2,451 6,750 2,236 2,788 6, 662 2,481 73.4 9, 127 2, 404 71.4 9,785 2,166 64.4 10, 340 1,777 57.2 10, 913 1, 776 52.8 10, 761 1,698 50.5 9, 628 1,913 59.1 9,484 2, 461 70.4 9, 097 2,202 68.1 9,404 2, 439 72.5 10, 024 2.406 71.5 10, 152 2,528 78.1 11, 147 2, 633 75. 4 10, 924 Glass Containers Net orders - thous. of gross ._ Shipments - thous. of gross Stocks end" of month .thous. of gross. . Production: Total .thous. of gross ... Per cent of capacity Unfilled orders, end of month.thous. of gross ._ Illuminating Glassware New orders. p. ct. of capacity.. Production: Total no. ofturns.Per cent of capacity _ _ Shipments P. ct. of capacity.. Stocks, end" of month. ..no. of weeks' supply.. Unfilled orders, end of month no. of weeks' supply. 27.3 28.6 32.4 27.0 30.7 26.5 30.5 34. 5 33.7 29.9 26.8 36.1 38.2 2 037 27 2 26! 8 4. 1 2,086 27.8 28.8 4.1 2,108 28.1 28.7 4.1 1,818 24.2 25.9 4.2 2,183 29.1 28. 7 1.1 1,912 30.9 27.6 5.1 2.059 33.2 30.6 4.9 2,185 35.3 34.4 4.7 1,961 31.7 33.0 4.6 2, 083 33.6 30.4 4.6 1.785 28.8 28.0 4. 5 2,262 S6. 5 36.2 5.9 3. 180 36. 6 33. 6 5.8 .8 .8 .8 .8 .8 .8 1.1 1.0 .2 Plate Glass i Plate glass, polished, production thous. of sq. ft.. 10, 174 10, 593 8,882 7,321 4,941 7,103 8,583 7,979 5, 523 8,326 9,128 12, 57L of pieces. _ 4,824 of pieces.. 4,665 of pieces. . 28, 391 6, 898 i 4,093 28, 248 6, 163 4,178 30, 259 5,570 3,699 30, 004 4, 559 4, 597 25, 585 4,586 3,259 29, 598 4,451 5,634 30, 370 8,657 6, 455 31, 133 6,815 7,564 29, 367 8,232 7,214 32, 696 7.480 7,448 34, 259 7,367 6, 336 37, 410 7, 879 7, 10L 36, 920 of pieces. . 11,387 32, 541 31, 497 30, 526 ^ 29, 347 30, 400 29, 869 31, 309 31, 973 33, 493 34, 171 35, 674 35,078 52.1 1.422 81.0 11, 245 11, 184 29, 663 13, 691 36.9 1.477 84.1 8,245 7, 192 29, 676 13, 318 29.4 1.543 87.9 5.920 5,074 28, 612 11, 946 29.5 1.586 90.5 6,595 4, 692 27, 759 10, 384 38.2 1.580 90.6 8,480 5,688 25, 883 8, 809 51.7 1.588 91.1 11, 098 8,784 23, 056 7,758 65.4 1.600 91.7 14, 410 15, 599 20, 697 7,266 75. 7 1.600 91.7 16, 124 18, 083 21, 889 7, 783 81.0 1.600 91.7 17, 821 20, 299 23, 824 9,275 77.8 1. SOO 91.7 17, 078 20, 153 26, 289 11,684 81.4 1.600 91.7 17, 239 18, 781 29, 364 13, 452 78.9 1.617 92.7 17, 249 17,224 30,891 14. 668 2,598 291 3,138 315 3,226 335 3,231 324 3,799 350 3, 373 329 5,930 556 5,718 465 5,594 520 7, 829 , 741 : 8, 236 734 0.090 7iy 3,852 2 3, 535 2,655 2,866 3,342 3, 134 4,135 3,954 3,812 3,690 i 3, 869 3, 838 3,696 2 2, 923 3,656 2,541 14, 662 2 14, c06 13, 895 14, 895 2, 937 975 14, 570 3, 791 1, 110 14, 166 4,572 1,581 14, 823 4,482 1,518 15, 259 4, 859 1,663 15, 786 4,385 1,576 16, 834 4,280 1,539 16, 778 4, 420 1,620 17, 189 93, 108 117, 105 597, 476 209, 507 64, 260 133, 802 583, 099 233, 504 150,451 184, 563 552, 403 303, 046 250, 183 172, 334 594, 886 337, 158 131,807 108, 065 623, 125 259, 309 113,710 121, 259 582, 675 235, 567 141, 036 158,839 593. 492 243, 116 140, 882 155, 330 586, 915 260, 919 142, 254 166, 156 615,931 275, 367 142, 024 156,650 654, 535 299, 269 128, 991 157, 773 648, 805 313,895 139,784 194, 948 626, 429 342, 677 81.2 69.2 269.8 70.4 66.9 71.0 60.8 72. 4 73.6 73.3 90.6 73.8 61.7 77. 7 56. 1 80.0 67.0 82.2 74. 9 84. 6 9,466 Porcelain Plumbing Fixtures Net new orders number Shipments number Stocks, end of month number Unfilled orders, end of month number Portland Cement 78.9 Per cent of capacity Prices, wholesale, composite dolls, per bbL. 1. 399 80.2 Prices, wholesale, composite rel. to 1926.. Production thous. of bbls.. 14, 006 222 Shipments thous. of bbls. _ i14, Stocks end" of month .thous. of bbls._ )Q jj^y 2 Stocks', clinker, end of month. ..thous. of bbls.. IS', 009 2 Terra Cotta Terra cotta, new orders: Quantity Value net tons.. .thous. of dolls. 4, 180 412 Tile Floor and wall tile: Production Shipments — Quantity Value Stocks, end of month thous. of sq. ft. thous. of sq. ft.. thous. of dolls.. thous. of sq. ft.. Vitreous China Plumbing fixtures: New orders pieces.Shipments piecesStocks end of month pieces Unfilled orders, end of month. . pieces. 119,328 127, 942 594, 239 200, 893 TEXTILES General Operations New orders rel. to 1923-25. Prices wholesale rel. to 1926 Production index (Fed. Res. Bd.) rel. to 1923-25. Production index (elect, energy consumed) rel. to 1923-25. Stocks, manufactured goods, end of month rel. to 1923-25. Stocks, raw materials, end of month . rel. to 1923-25. Unfilled orders, end of month.. rel. to 1923-25. Imports: Burlaps Fibers 70.2 66.3 | 67! 6 2 98 97 93 86 87 93 91 103. 7 2 100. 0 97.3 99.3 86.4 89.8 87.0 85.4 87.6 2 93. 4 94.1 92.4 100.0 109.2 97.3 196. 3 2 42 5 212.2 40.0 229.9 38.9 241.8 34.3 237.6 37.3 102 161.2 41.7 176.8 2 41. 7 1 2 Revised. 88 i 81 84 90 95.3 96.0 117.3 I 123. 9 121. 6 104.2 35.9 | 111.2 41.0 122. 3 43. G 57, 553 i 16, 857 i 43,235 24, 163 47, 699 19, 322 84 85.1 72. 5 79.7 j 96.8 96.5 106.4 214.7 36.2 i 155.4 34.5 116.9 33. 7 37, 940 39, 578 17, 958 i 13, 803 39, 038 13,941 i Burlaps and Fibers thous. of Ibs long tons. 74.4 | 75.5 ! 37, 732 14, 102 30, 481 21,719 34, 945 19, 574 42, 176 21, 326 35, 062 19, 162 44, 591 20, 429 36, 656 14, 681 SURVEY OF CURRENT BUSINESS July, 1931] 43 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1930 1931 May April March Febru- January ary Decem- Novem- October Septem- August ber ber ber July TEXTILES— Continued Clothing Hosiery: Prices, pure silk, wholesale- __rel. to 1926.. 50.8 New orders thous. of doz. pairs Net shipments thous. of doz. pairs.. Production thous. of doz. pairs.. Stocks, end of month thous. of doz. pairs.. Unfilled orders, end of month thous. of doz. pairs.. Knit underwear: Net shipments.. _thous. of doz. garments. . New orders thous. of doz. garments. . Production thous. of doz. garments.- — Stocks, end of month. thous. of doz. garments Unfilled orders, end of month .thous. of doz. garments. . Men's and boys' garments cut: Overcoats thous. of garments. . Separate trousers thous. of garments.. Suits thous of garments Overalls: Cut thous. of doz. garments Net shiDinents.-.thous. of doz. garments Unfilled orders, end of month.. thous. of doz. garments. June ! 62.6 3, 434 3, 539 2, 914 64.8 2, 639 2 2, 772 2,412 3, 142 2 69.1 2,229 2 2, 361 2,300 50.8 2,717 2,708 2,535 51.9 2, 774 2,728 2,465 51.9 2,600 2, 497 2,405 51.9 2, 526 2,209 2, 400 2 2 2 6,265 6,433 6, 713 7,074 2 7, 095 2 7, 249 2 7, 749 2 2 2 2 2, 633 2 1, 948 2,096 2, 322 2,002 191 2, 017 1, 878 58.3 2, 455 2, 796 2, 638 58.3 3, 218 2 3, 315 2 3, 036 2 2 2 60.5 3, 918 3, 813 3,480 2 2 2 8, 683 2 9, 056 2 69.1 2,941 2 2, 827 2,823 2 2 2 10, 464 2 9, 306 2 2, 703 2 Cotton Goods Cotton cloth: Imports thous ofsq yds Exports . thous of so yds Cotton textiles: New orders thous of yds Production.. _ .thous. of yds Shipments thous. of yds.. Stocks, end of month thous. of yds Unfilled orders, end of month thous of yds Elastic webbing, shipments _. thous. of dolls Fabric for tire manufacture, consumption thous. of lbs__ Mill dividends: Fall River (quarterly) _ _ . thous. of dolls New Bedford (quarterly). thous. of dolls Prices: Print cloth 64x60 __ .dolls, per yd_. Print cloth 64x60 rel. to 1926.1 Sheeting, brown dolls per yd Sheeting, brown rel. to 1926." Cotton goods (Fairchild) . .rel. to 1911-13.. Cotton Yarn Carded sales yarn: Production thous. of lbs__ Stocks end of month thous. of lbs__ Unfilled orders, end of month thous. of lbs._ Prices: 22/1 cones, Boston dolls, per lb._ 22/1 cones, Boston rel. to 1926. _ 40/ls southern spinning dolls, per lb._ 1 73.4 2, 995 2, 851 2, 842 2,051 2,027 2,041 1,107 1,326 1,146 909 994 945 975 967 840 816 . 878 821 1,129 1, 164 978 1, 365 1,475 1, 132 1,261 1,049 913 1, 024 909 828 902 781 869 875 911 1,023 1,003 1,070 1,025 1,366 1,265 1,329 1,299 1,197 1,421 1,497 1, 759 1,880 1,846 1,759 1,549 1,342 1,258 1,284 1, 266 1, 250 1,140 1,398 1, 524 1,634 1,607 303 1. 845 2,370 250 1,708 2, C28 160 1, 580 1,714 159 1,232 1,222 444 1. 183 1, 100 555 2, 103 1, 654 564 2,071 1, 662 437 1,891 1,878 441 1, 926 1,811 329 1, 976 1,792 203 2,218 1,923 234 223 222 218 161 137 207 191 279 249 326 289 288 250 244 223 231 218 260 248 41 36 42 36 51 69 74 60 67 89 1, 834 2, 408 2, 786 Cotton Consumption by textile mills bales 465, 770 508, 744 490, 586 433, 510 454. 188 406, 207 414,887 444, 494 394, 321 352, 335 379, 022 405, 236 Consumption by textile mills. _rel. to 1923-25. . 68.7 95.6 99.1 84.5 90.8 88.5 79. 2 80.8 76.8 73.8 79.0 86.6 Exports, unmanufactured (exclusive of linters) thous. of bales 392 605 433 625 1. 004 903 366 336 766 908 176 185 Ginnings thous. of bales 13, 756 13, 593 13, 258 6,304 12, 837 1,879 78 10, 866 Imports, unmanufactured bales. . 15, 189 17, 257 10, 266 11, 165 11,299 3,394 3, 409 1,747 5,901 4, 162 4,461 9,550 Machinery, activity of spindles: Activity spindles thousaiids.. 26, 398 26, 645 26, 490 25, 763 25,611 25, 874 26, 154 26, 087 25, 526 25, 858 26, 458 27, 659 Activity per spindle hours._ 211 184 216 204 191 184 167 151 173 176 156 170 Total activity mill of hours 7,001 7,129 6,739 5.134 6,110 6,360 5,832 5,663 6, 239 5,916 5,301 5,789 Per cent of capacity 91.2 87.2 94.3 89.9 80.8 77.1 73.4 65.2 67.2 80. 1 76.1 76.2 Prices: To producer dolls, per lb__ .093 .096 .091 .088 .114 .086 .087 .092 .099 .119 .096 .140 In New York, middling dolls, per lb.. .102 .109 .093 . 102 .121 .110 . 107 .109 .132 .101 .145 .110 Receipts into sight thous of bales 447 358 513 341 729 865 64 2, 749 1,627 2,410 163 3,670 Stocks, domestic, end of month: Mills __ thous of bales 1,478 1,614 1,258 1,370 1,548 1,567 968 1,012 1,183 1,357 1,659 1,353 Warehouses thous of bales 6,034 7,314 6,643 7,939 3,465 5, 494 8, 378 2, 877 8,398 5,248 3, 105 7,543 Total, mills and warehouses. thous of bales 7,404 6,752 8,120 8,862 9,553 10, 037 4,462 9,965 6,215 4,476 4,060 8,895 Total, mills and warehouses, rel to 1923 25 254.1 196.9 216.0 235.7 179.6 265.0 165.3 119.1 108.0 118.7 267.0 236.6 Stocks, world visible, end of month: American _ thous of bales 6,302 6,826 7,381 5,861 7,576 7,841 6,617 4,892 3,159 2,917 7,676 3,352 Total.. thous of bales 9,332 8,883 9,958 9, 897 8, 346 9,897 9,437 6,707 8,413 5,190 5, 230 5,951 Cotton Finishing Printed only (mills and outside): Production _ thous of yds Stocks, end of month thous. of yds White, dyed, and printed (outside mills): Billings, finished goods thous. of yds.. New orders, gray yardage.. thous. of yds~ Per cent of capacity Shipments,finishedgoods cases. . Stocks, finished goods, end of month _ __ cases Unfilled orders, end of month days.. May 473,284 92.3 209 53, 328 28, 358 197 6,725 83.4 .145 .164 358 1,528 3,379 4,907 129. 5 3,688 6, 335 67, 704 74, 436 86, 612 72, 973 87, 318 65, 145 76, 847 64, 546 68, 380 65,704 70, 301 68, 420 62,005 68, 817 69, 764 65, 876 55, 387 64, 788 42, 185 70, 395 38, 799 82, 297 47, 608 82, 856 58, 588 85, 381 52, 537 45,937 51 30, 109 60, 590 LQ, 394 52 31, 176 61, 803 57, 872 58 35, 334 50, 166 49, 679 56 30, 593 43, 642 46, 370 47 29, 031 47, 566 39, 749 40 23, 888 40, 249 38, 541 44 23, 743 53, 003 47, 133 48 29, 260 40, 631 41,618 46 26, 691 37, 907 35, 576 36 28, 843 41, 473 37, 349 34 28, 559 50, 933 39, 249 41 32, 986 59, 384 48, 699 47 39, 307 17,141 1.9 16, 677 2.7 17, 641 2.7 17, 071 2.6 20, 134 2.6 23, 593 2.6 21, 803 2. 5 22, 392 2.1 22, 079 2.6 27, 198 2.1 31,901 1.9 34, 477 2.0 34, 571 2.6 3,920 30, 961 2,810 30, 776 2,530 33, 392 2,148 25, 188 2,641 31, 488 1,658 29, 388 1,763 29, 273 1,976 34, 804 1,920 32, 626 1,664 34, 285 2,434 35, 397 3,019 35, 868 4,299 38, 523 160,029 225, 392 205, 603 301, 943 137, 749 225, 955 217, 582 282, 154 295, 334 271, 638 317, 185 273, 781 326, 691 212, 168 248, 354 319, 328 239, 106 202, 149 210, 597 355, 514 182, 656 234, 052 226, 951 363, 962 183, 067 206, 633 200, 661 356, 861 335, 801 228, 866 270, 383 350, 889 291, 980 182, 385 232, 975 392, 406 235, 272 218,815 231, 348 442, 996 180, 147 165, 850 176, 689 455, 529 129, 947 198, 539 182, 652 466, 368 184, 473 275, 801 270, 056 450, 481 248, 544 1,363 294, 118 1,199 373, 951 1,363 395, 802 1,180 317, 465 1,041 288, 956 921 333, 251 1,000 350, 845 1,356 285, 427 1,200 226, 422 1,127 222, 498 1,088 219, 040 1,169 271,745 1,300 15, 244 14, 041 12, 002 12, 738 8,358 8,418 11, 780 10, 917 13, 223 13, 399 15, 034 17,437 3 301 3279 3 330 3 254 3 110 .050 65.7 .058 62.8 115 .053 69.6 .059 63.3 119 .055 73.3 .059 63.3 121 .053 69.6 .065 69.8 119 .052 68.8 .062 67.0 120 .053 70.4 .065 69.9 122 .057 75.5 .066 70.9 124 .055 72.9 .066 70.9 124 .053 70.4 .070 75.1 124 .050 66-6 .070 75.1 126 .054 71.8 .070 75.1 130 .056 74.7 .075 80.3 134 .061 80.2 . 078 83.9 137 13, 377 11,212 11, 081 12,240 11, 536 12, 537 10, 968 13, 420 12, 665 13, 795 9,582 13, 531 11, 787 12, 548 15, 494 12, 548 11, 148 12, 819 10, 031 13, 633 11,049 13, 742 10, 968 13,5i9 11,678 13,439 34, 914 38, 825 40,979 42, 407 39, 963 38, 920 38, 926 37, 854 33, 194 29, 103 26, 469 27, 632 30, 186 .223 62.2 .353 .231 64.5 .369 .240 66.8 .382 .239 66.7 .390 .248 69.1 .390 .247 68.8 .390 .254 71 0 .405 .235 65.5 .413 .242 67.4 .420 .252 70.3 .435 .262 73.1 .447 .273 76.2 .461 Revised* * Quarter ended in month indicated. . 290 80.9 .473 44 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey TEXTILES— Continued Fur Sales by dealers thous. of dolls.. 1931 May 1930 5,615 5,324 Decem- Novem- October September ber ber Febru- January ary April ! March 6,693 6,049 4,496 August July June May 3,048 4,520 5,787 7,301 5,425 4,348 5,455 7, 692 I Pyroxylin- Coated Textiles Pyroxylin spread . thous. of lbs_. Shipments billed __thous. of linear yds.. Unfilled orders end of month thous. of linear yds_. 4,060 3,186 2,810 2 4,273 3, 301 4,081 3,394 3,044 2,724 2,565 2,333 2 2, 353 2 2, 126 2 2, 417 2 2, 075 2 2, 879 2 2,711 23,158 3 2, 690 2 2, 882 2 2, 309 2 3, 026 2 2, 426 2 4, 190 2 3, 092 2 3, 935 2 3, 542 2,962 3,358 3,058 2,735 2 2, 031 2 2, 424 2 2, 472 2 2 2, 015 2 3, 070 2 3, 973 2 4, 088 2, 590 Kay on Imports Price, 150 denier, "A" grade, New York thous. of lbs__ 225 295 ! 439 274 154 ! dolls, per lb_. .75 .75 .75 .75 .75 .bales thous. of lbs__ 45, 073 6,520 41, 356 i 4,823 ! 55, 383 7,725 54, 242 7,318 dolls, per lb__ 2.266 2.266 \ 2.561 rel. to 1926.. dolls, per yd__ 36.6 99 3.66 ! .99 41.3 .99 ct. of normal.. ct. of normal. _ ct. of normal 76.3 42.5 49.5 90.9 44.6 51.8 | 0 216 101 153 171 133 383 487 .95 .95 .95 .95 .95 .95 1.15 1.15 55,910 ! 7,405 55, 424 9,877 57, 333 7,000 61, 937 8,940 55, 649 7,887 41, 734 8,244 39, 948 5,712 29,396 4, 622 | 40, 823 3,622 2.709 2.807 ! 2.709 2.463 2.512 2.413 2.955 2.955 3.251 3,940 43.7 1.00 45.3 1.02 | 43.7 1.02 39.8 1.02 40.6 1.02 39.0 1.04 47.7 1.06 47.7 1.08 52 5 ! 1.09 ! 63.6 1.11 93.8 44.2 58.6 96.5 51.7 58.9 94.0 39.2 ! 55.2 | 94.0 35.8 65.8 96 5 60.8 75.1 88.2 38.2 70.2 80.0 44.7 57.7 73.1 36.9 49.1 79.2 31.0 52.1 79.0 1 63.6 58.0 87.9 55.0 59.1 35, 497 20, 425 47, 407 22, 231 45, 399 23, 124 51,814 23, 588 58, 430 24, 242 49. 238 24, 929 51,278 22, 954 47, 621 21, 243 44, 978 20,511 35, 565 18, 046 28,450 : 19,843 35, 477 20, 300 52, 199 110.2 47, 710 100.7 40, 373 85.2 38, 420 81.1 33. 856 71.5 30, 007 63.3 31, 237 65.9 40, 975 86.5 38, 083 80.4 33, 761 71.3 34, 682 73.2 32, 772 69.2 ! 32,641 68.9 14, 168 21,258 15, 348 11,687 13, 767 10, 920 8,546 8,994 8,817 10, 145 8,900 8,896 ' 15, 484 97 82 76 75 67 67 65 74 81 75 71 72 68 46 45 58 60 44 42 54 57 44 34 59 66 39 30 59 60 29 28 49 47 29 26 46 43 38 37 47 50 38 44 47 54 36 41 46 53 34 43 44 48 31 42 48 51 36 48 53 60 44 39 51 60 60 67 55 57 57 57 66 54 48 52 45 52 52 52 53 62 55 60 48 55 52 53 62 56 60 52 .63 .65 .66 .66 .68 .72 .72 .75 .76 .76 .76 .76 .77 .20 1, 494 74.5 .22 1.494 7.45 .22 1. 543 77.0 23 1.601 79.8 .26 1. 601 79.8 .27 1.601 79.8 .29 1. 601 79.8 .30 1.601 79.8 .31 1.601 79.8 .31 1.601 79.8 .31 1.696 84.6 .31 1.756 87.6 .29 1.756 87.6 .90 .90 .90 .90 .90 .90 .90 .90 1.10 76.6 87.0 1.17 81.8 87.0 1.20 83.6 87.0 1.20 83.6 87.0 1.20 83.6 87.0 1.20 83.6 87.0 1.20 83.6 87.0 1.20 83.6 87.0 1.23 85.3 4, 576 1, 664 6, 240 10, 494 2, 245 12, 739 4,094 2,980 7,074 47, 826 3, 846 51,672 72,313 4,602 76, 915 54, 729 2,936 57, 665 18, 937 9,712 28, 649 57,964 78, 262 53, 841 39, 527 27, 620 30, 351 28, 823 Silk Deliveries (consumption) Imports raw . Prices: Raw, Japanese 13-15, New York Raw, Japanese 13-15, New York Silk goods, composite Silk machinery activity: Broad looms p. Narrow looms p. Spinning spindles p Stocks, end of month: At warehouses At manufacturing plants bales. _ 32, 688 bales 18, 206 Wool Consumption at textile mills, grease equivalent thous. of lbs._ Consumption at textile mills—rel. to 1923-25. . Imports: In condition, imported thous. of lbs__ Machinery activity, hourly: Combs . p. ct. of hours active. . LoomsCarpet and rugs. p. ct. of hours activeNarrow p. ct. of hours active-Wide p. ct. of hours active-Set of cards p. ct. of hours active-Spinning spindlesWoolen p. ct. of hours active-Worsted p- ct. of hours active-Prices: Raw, territory, fine, scoured.dolls. per lb_. Raw, Ohio and Penn. fleeces, ]4. blood, combing grease dolls, per Ib Suiting, 13-oz __ dolls, per lb_. Suiting 13-oz rel. to 1926. . Women's dress goods, French serge, 39-in dolls, per vd_. Women's dress goods, French serge, 39-in rel. to 1926.. Worsted yarns dolls, per lb._ Worsted varns Receipts at Boston: Domestic Foreign Total _- rel. to 1926 - 1.00 69.7 1.00 69.7 1.00 69.7 i 1.10 76.6 thous. of Ibs.. thous. of lbs_thous. of Ibs.- 26, 151 4, 190 30. 341 10, 376 7, 399 17, 775 8,215 5, 064 13, 279 ; 6.741 6. 528 13, 269 3,363 i 7, 432 10, 795 7, 574 i 4,000 11,574 39,908 46,879 50, 440 62, 148 TOBACCO Unmanufactured: j Exports, leaf .thous. of lbs~! Stocks— i Chewing, smoking, snuff and export types, quarterly mills, of Ibs Cigar tvpes, quarterly thous. of Ibs . Total, including imported types, quarterly .mills, of Ibs.. Manufactured products: Consumption (tax-paid withdrawals)— Large cigars. thousands-Small cigarettes millions-Manufactured tobacco and snuff -thous. of lbs._ Manufacturing operations --- rel. to 1923- 25.. Exports, cigarettes thousands.. MISCELLANEOUS PRODUCTION Buttons Fresh-water pearl button: Production, ratio to capacity per cent.. Stocks, end of month thous. of gross. . Imports: Buttons— Product of Philippines.thous. of gross. _ All other thous. of gross-ShellsMother-of-pearl thous. of Ibs.. All other _- thous. of Ibs Taeua nuts ---thous. of Ibs.. 48,911 I 45, 006 467, 300 459,982 10, 448 ! 9, 471 30, 780 30,781 137 134 250,858 ! 241,703 44.7 9,224 i 45.2 9, 408 61 i 11 £" ,~\ 272 ! 43 ! 901 i 395 48 1. 720 2 Revised. • 1,697 3354,319 » 1 492 •3277,850 3 1, 266 3303,104 3 2, 151 3 1, 853 « 1, 649 440, 472 • 362,839 9,802 : 8, 836 31,049 29, 562 131 1 132 324, 808 ! 256,706 47.5 ! 9,518 2 #9 95 592 ; 44.fi 9, 807 j 59 3 273 369 1. 329 3 1, 296 3337,071 3 1, 726 528,128 7, 952 623, 861 10, 947 523, 973 10, 190 517, 200 10, 577 532, 805 11,859 519, 599 11,751 523, 775 10, 301 25,815 I 25,976 33, 026 32, 166 31, 370 30, 964 30, 939 32, 579 121 128 229, 697 ; 338,808 119 251,507 129 318. 751 125 305, 676 130 295, 744 137 643, 358 141 566,015 134 446. 231 40.6 8, 842 42.0 8, 756 38.8 8,808 36.2 9,061 23.1 9, 857 41.1 10, 056 42.4 9,790 82 9 65 9 72 5 78 3 63 12 107 18 44 16 402 458 331 354 586 1,204 802 164 1,236 476 72 1,213 271 377 1,242 570 925 1,317 362 939 9, 368 31,697 35.5 10, 154 59 i 4 349, 635 8,675 475 i 896 15 22 858 270 1 3 Quarter ended in month indicated. 25.7 ! 9,258 69 14 844 56 708 i 45 SURVEY OF CURRENT BUSINESS July, 1931j MONTHLY BUSINESS STATISTICS—Continued 1931 Earlier data for items shown here may be found in the 1931 Annual Supple' ment to the Survey May April March " 193O February January Decem- Novem- October ber ber Se bTrm" Au ^ ust July June May FUELS Coal Anthracite: Exports thous of long tons 148 PricesRetail, composite.dolls. per short ton.. 14.19 Wholesale, composite dolls per long ton 12. 270 Wholesale, composite rel. to 1926- 89.1 Production thous. of short tons5,005 Stocks, end of month, in yards of dealers _ - no. of days' supply Bituminous: Consumption — Bv coke plantsCanada _ thous. of short tons United States thous of short tons 4, 629 By electric power plants thous. of short tons-By railroads thous. of short tons By vessels clearing Dorts thous. of long tons.. 195 Exports thous. of long tons-. 926 Prices — Mine average (spot) dolls, per short ton-1.60 Prepared sizes (composite) dolls, pernet ton.. 3. 838 Preparedsizes (composite) rel. to 1926.. 80.1 Retail, composite .dolls, per short ton.. 8.04 Wholesale, composite dolls, per short ton.. 3. 723 Wholesale, composite rel. to 1926. . 86.3 Production— Canada thous. of short tons.. United States thous. of short tons.. "28," 333" Production index. . rel. to 1923-25 75 Stocks, end of month, held by consumers thous. of short tons 120 79 159 207 182 253 198 205 129 144 186 14.39 14.85 14.85 14.88 14.89 14. 90 14.87 14.80 14.57 14.53 14.32 14.33 12. 202 88.6 5,700 12. 608 91.6 4,745 12. 732 92.5 5,391 12. 732 92.5 6,157 12.751 92.6 6,086 12. 751 92.6 5,207 12. 762 92.7 7,576 12. 707 92.3 5,293 12. 578 91.4 6,190 12. 366 89.8 5, 658 12. 251 89 0 5,183 31 43 47 61 60 57 178 1 12.441 90.4 5, 841 2 247 235 236 246 249 249 233 244 248 268 290 4,682 4, 902 4,408 4, 686 4, 737 4,820 5,270 5,214 5,559 5, 824 6, 155 6,621 2,981 5, 885 2 3 411 6,414 2 3, 286 5,810 3, 688 6, 598 3,837 6r 622 3, 670 6, 642 3,944 7, 124 3, 659 6,408 3,452 6,228 * 3,199 6,177 2 3, 294 6,690 168 671 136 665 187 700 201 803 204 1,287 230 1,317 261 1,433 284 1,586 276 1,394 278 1,488 1.64 1.69 230 i 141 645 I 1.77 1.77 4.268 89.0 8.87 4.317 90.0 8.94 : 3. «98 90.4 i 3, 725 6,349 269 1,462 2 1.78 1.81 1.75 1.68 1.71 1.67 1.67 4. 336 8.94 4.342 90.6 8.88 4. 303 89.8 8.79 4.180 87.2 8.70 4. 156 86.7 8.65 4.096 85.4 8.54 4.085 85.2 8.53 3. 900 90.4 3. S93 90. 2 3. 897 90.3 3.892 90.2 3.891 90.2 3.992 90.5 3.902 90.5 1,164 38, 542 77 1,275 i 1,315 38,122 39, 716 85 I 86 1,630 44, 1.50 87 1,230 38, 632 85 1,101 35, 661 82 1,061 34, 715 86 1,128 33, 714 89 1,115 35, 954 92 34 200 37, 200 36,800 35, 900 33, 100 32, 200 3. 845 80.2 8.46 24.001 2 S3. 5 8.71 4.223 88.1 \ 8.83 3. 760 87.2 3.791 2 87. 9 3.814 88. 4 3.829 88.8 888 23,478 1,028 33, 870 76 963 31,408 73 29 500 2 1.77 ! ' 90.5 Coke 'Exports __ _ thous. of long tons Price, furnace, Connellsville dolls, per short ton.. Price, furnace, Connellsville rel. to I926_. Production: Canada __ thous. of short tons United StatesBeehive -_ thous. of short tons By-product thous. of short tons Petroleum Asphalt: Imports. thous. of short tons.. Production thous. of short tons Stocks, end of month.tlious. of short tons.. Coke: Production thous of short tons Stocks, end of month.thons. of short tons.. Crude petroleum: Consumption (run to stills) thous. of bbls -_ Imports thous. of bbls__ Oil wells completed number Price, Kansas-Oklahoma... dolls, per b h l _ . Price, Kansas-Oklahoma rel. to 1926-. Production thous. of bbls.. Production index.. rel. to 1923-25.. Refinery operations p. ct. of capacity.. Refinery operationsindex.. rel. to 1923-25.. Stocks, end of month — CaliforniaHeavy thous. of bbls__ Light thous. of bbls._ East of CaliforniaRefineries thous. of bbls.. Tank farms and pipe lines thous. of bbls._ Total thous. of bbls.Mexico — Production thous. of bbls_. Exports thous. of bbls. .: Venezuela — Exports thous. of bbls.. Production thous. of bbls.. Gas and fuel oils: Consumption— B y electric power plants.thous. of bbls. . By railroads thous. of bbls._ By vessels thous of bbls Price, Oklahoma 24-26, refineries dolls per bbl Production thous. of bbls._ Stocks at refineries at end of month thous. of bbls..; Gasoline: 1 Consumption— thous. of bbls.. Exports thous. of bbls._ Prices, wholesale, New York.dollspergaL. Prices, retail, tank wagon, 50 cities dolls, per gal.. J Revised. 86 43 51 67 71 70 69 83 66 64 93 68 78 2.48 60.3 2.50 60.9 2.50 60.9 2.53 61.5 2.55 62.1 2.55 62.1 2.58 62.7 2.60 63.3 2.60 63.3 2.55 62.1 2.52 61.4 2.50 60.9 2.53 61.5 169 179 165 171 181 185 185 170 182 182 193 210 94 3, 126 109 3, 146 149 3, 256 163 2,898 163 3, 092 171 3, 077 168 3,137 178 3,432 168 3,401 170 3,637 215 3,770 262 3,954 272 4,266 9 304 3SO 7 248 360 354 166 332 0 147 295 3 168 308 3 217 285 7 306 267 306 270 3 346 316 6 334 311 6 337 312 4 337 317 178 1. 250 168 1,158 170 1,089 151 1,053 159 1.032 106 1,041 158 1,064 177 1,045 170 1,045 172 994 161 942 163 891 170 866 78, 521 4, 512 418 53.0 28.1 77, 164 123 67 163 74, 706 4, 1C2 519 .530 28.1 73, 101 2 121 67 161 73, 596 3,715 383 .594 31.5 69, 397 112 64 152 65, 249 4,789 450 .850 45.1 60, 645 110 63 149 70, 026 71, 581 4, 353 4, 727 527 487 .850 .850 45.1 45.1 65, 991 I 66, 985 111 110 61 63 144 149 70,310 4, 467 659 .850 45.1 68, 174 114 64 151 74,016 5,061 866 1.098 58.3 72, 696 115 65 160 75. 950 5,808 782 1.178 62.5 70, 977 114 69 165 79, 289 5, 059 992 1.178 62.5 74. 853 117 70 164 78, 644 5,h77 1,051 1.178 62.5 76, 554 120 69 166 80, 747 5, 767 1,197 1.178 62.5 76, 929 124 73 170 83, 647 4, 984 1,233 1.178 62.5 80, 342 127 73 173 100,011 100, 578 40,805 , 40, 840 100,531 41,016 101, 442 40, 651 104,121 40, 625 103, 553 40, 652 102, 643 40, 738 103, 647 40, 582 103, 701 40. 671 104, 550 41,071 105, 276 41,045 105, 560 42, 912 46,032 45, 445 46,785 ^ 102. 368 40, 389 41,819 41,413 40, 786 42, 027 41, 785 41, 191 43, 446 306, 287 348,106 308, 752 350, 165 310,377 351, 163 313,310 355, 337 317,854 359, 639 320, 510 361, 701 323. 089 366, 535 2,761 2, 392 2, 819 1, 528 2,564 1,463 2,890 1, 263 2,922 1,690 2, 895 1, 895 3, 147 ! 2,093 ; 3,243 2,419 9,049 9,515 8, 586 9, 263 10, 362 10, 283 9, 516 9,486 10, 877 10, 384 10, 704 10, 492 11, 134 10,911 12, 208 11,785 1 4, 364* 561 3,536 4, 043 2637 3,181 3,622 800 3,599 3, 544 845 3,705 3, 868 790 3, 806 3, 794 .510 30, 754 .588 26, 536 .600 29,174 .610 29, 704 32, 159 33, 977 37, 007 .463 29, G49 .488 30, 073 •645 3,644 ! 3,667 36, 579 33, 854 32, 105 35, 716 4,721 .133 33, 400 3,988 .133 31,037 ! 26, 133 2,841 3,586 .133 .138 .137 .149 26, 844 4,462 .135 29, 094 4,149 .141 .148 .146 47, 140 46, 772 47, 490 328,355 331, 124 375, 140 ! 378, 264 331,050 377, 822 331,429 378, 919 3,449 2,630 3,437 2,808 3,287 3,030 3, 351 2,429 11, 674 11,311 12, 182 ! 11,378 i 11,506 11, 624 11,221 11,361 i 11,133 10,918 2902 4, 355 4, 463 2845 3,841 4,333 2764 ! 3,817 4,702 2 730 3, <i24 4,316 2634 3,750 ': 4,041 | 2621 4, 064 4, 657 .650 29, 034 .594 29, 818 .580 29, 923 .600 29, 862 j . 625 31, 023 .675 1 31,092 : .744 33, 861 40, 427 41, 293 41, 480 39,729 39, 127 38, 302 36, 664 32, 267 6,131 .143 37, 823 3,826 .148 37,433 ! 38, 256 6,375 : 5,497 .163 .163 | 35,706 i 6,955 ! .163 36, 438 4,684 1.63 .154 .159 .166 ! 1.70 30, 984 3,536 .141 . 150 323,030 : 324, 644 369,062 i 370, 089 .163 . 165 46 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued 1 Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey j May FUELS— Continued 19.31 1930 Novem- October SeptemApril i March \ FebruAugust January j D-™' ber ary ber July June May j Petroleum— Continued Gasoline— Continued. ] Production— 1 Natural gas (at plants) . thous. of bbls. . > 3, 814 Raw (at refineries) thous. of bbls. . 39, 019 Retail distribution — 41 States mill55 ofgal^ Stocks, end of month— j Natural gas (at plant). thous. of bbls.-j 996 Raw (at refineries) thous. of bbls._ 47, 948 Kerosene: Consumption thous. of bbls ; 2, 395 Exports thous. of bbls.. i l', 145 Price, 150° water white dolls, per gal... . 045 Production thous. of bbls 3, 389 Stocks at refineries, end of month thous. of bbls.. 5,960 Lubricating oil: Consumption thous. of bbls... 1,865 Price cylinder oil dolls, per gal '. Production thous. of bbls.. 2,264 Stocks at refineries, end of month thous. of bbls.-! 10, 119 Wax: Production thous. of lbs__ 35,840 Stocks, end of month thous. of lbs_. 205, 803 3. 824 4, 048 36,601 . 35,246 3,631 31, 328 782 4, 140 32, 708 821 4,198 34, 352 887 4,238 33, 616 935 4,326 37, 400 1,019 4,079 36, 944 1,060 4,212 37, 844 1,114 4,231 38, 061 1,124 4, 269 37, 537 1,027 4, 269 39, 293 995 1. 000 884 48:587 ! 48,225 692 45, 355 600 42,818 578 40, 741 596 38, 705 559 38, 684 534 38, 254 744 41, 624 741 46, 077 928 50, 225 920 54, 046 2,596 2,804 753 i .048 3,397 , 2.691 1. 151 '.051 3,676 2 272 "'974 . 053 3,171 !054 3, 560 2,786 1, 310 . 054 3,575 2,841 970 .053 3,590 2, 599 1,373 .054 3,876 2,768 1,349 .053 3,846 2,573 1,687 .050 3,975 2,933 1,021 .052 3,929 2,323 1,782 . 055 4,026 3,181 816 0.60 4,317 6, 129 6, 300 6,477 6, 555 6,883 7,379 7,633 7,771 8,030 8,319 8,352 8,384 1,850 . 145 2,316 1,950 . 145 2,293 1, 583 . 146 2,036 1,715 .165 2,441 1,458 .172 2, 509 1,573 . 184 2,409 1,569 .186 2,546 1,944 .190 2,723 1,940 . 193 2,971 1,887 .210 3,018 1,772 .284 2, 920 2,394 .340 3,185 10,463 10,710 10,911 11,013 10, 971 10, 536 10, 502 10, 257 10, 161 9,953 9,742 9, 578 33. 040 205, 105 37, 520 208, 620 38, 640 229. 414 42,560 233,044 36, 120 232, 592 35, 840 237, 027 38, 080 240, 060 43, 960 248, 940 39, 760 254, 990 45, 640 254, 999 43, 680 249, 748 45, 920 248; 524 DISTRIBUTION MOVEMENT Advertising 1,992 2, 421 2, 203 1, 585 Magazine advertising thous. of lines. .. 2.375 Magazine advertising, total 15, 307 10, 820 cost thous. of dolls.. 16,959 17, 173 16, C02 National advertising in newspapers: Building materials thous. of lines. - ; Electrical appliances, supplies thous of lines Financial thous. of lines Foods and beverages thous. of lines-.! Heating and plumbing equip! ruent thous. of lines Medical thous of lines Passenger cars thous. of lines. . Radio thous of lines Tires, trucks, and accessories thous. of lines.. Tobacco thous of Mne5Toilet articles thous. of lines Transportation thous of lines All other thous. of lines. ., Total thous. of lines Newspaper advertising thous. of lines.- 88, 443 "88," 737" '""90," 244" "72," 282~ "75," 823" Radio broadcasting, facilities, 2,591 3, 161 | 3, 141 2,637 cost thous. of dolls..; 3,036 2,265 2,488 2,490 2, 145 1,658 1,986 2,752 3, 055 15, 352 17, 359 17, 759 15, 214 12, 075 14, 316 19, 614 20, S99 75 129 229 216 99 117 342 660 794 5,114 3,579 751 4,472 6,156 562 5,579 7,726 685 5, 112 6,618 459 3, 755 5,898 739 6,446 6,428 1,247 6,162 7,781 1,548 6, ,387 9, 503 279 2, 025 1, 208 2. 186 396 4,415 3,058 2,788 676 4,266 3, 398 3, 604 979 2,382 3, 154 3,584 484 1,760 2,736 1,049 401 1, 853 4,082 927 479 2,194 3,781 649 608 2, 926 5, lf.9 958 2, 490 938 985 1,890 ! 4, 229 25, 795 82, 467 3.859 3,787 2, 140 1,991 4,678 38, 622 89, 424 3,913 5,880 2,590 1,768 5,180 45, 370 98, 437 4,063 5, 633 1,841 1, 689 4,623 40, 579 88, 648 5,431 1,760 2,055 2,323 3,318 31, 126 70, 018 5,634 3,742 2,985 3,130 3,427 39,911 72, 007 5,927 5,413 3,123 4,101 5,812 47, 010 88, 702 7, 697 4,919 3, 404 3,728 6. 987 54, 491 ICO, 394 2,718 2,577 2,674 2,123 L 960 2,074 2,033 2,300 ! , '. ! ! i Agricultural Products (Marketing) Agricultural, total Animal products: Dairy products Fish Livestock Poultry and eggs Wool Total Crops: Cotton Fruits Grains Vegetables Miscellaneous Total 2 57. 9 67. 3 rel. rel rel rel rel. rel to to to to to to 1923-25.. 1923-25 • 1923-25 1923-25 1923-25 1923-25 130. 9 138 5 80 2 125 6 197. 1 1C6 7 2 113.1 l 2 174. 3 I 2 82. 6 2 137. 0 78. 2 2101.2 102.9 169. 4 79. 6 121. 8 61. 9 94.0 rel. rel. rel. rel. rel. rel to to to to to to 1923-25. 1923-25 1923-25. 1923-25— ! 1923-25.. 1P23-25 26. 5 102 2 69.0 135.6 29. 8 70. 6 263.9 ; 2 93. 3 38. 6 75. 1 80.0 104. 3 61. 2 ~~~*~5§~r 64.T rel. to 1923-25... Collections 66.2 67.0 76.3 105. 0 142.8 200.7 167.2 119.5 95.1 55.4 59.7 91. 3 116.2 79.8 94.0 50.8 85.5 96.4 ! 103.4 96.2 95.0 25.3 94.7 92.7 98.9 93.9 137.8 57.1 97.8 77.8 146.2 88.0 121.6 34.5 88.5 82.2 172.0 108.0 79.2 79.1 96.7 86. 3 229.1 93.9 78.2 30.9 91.2 94.6 202.0 76.5 71.6 360.5 91.4 131.5 263.3 76.6 90.6 545.1 111.8 148.9 185.2 79.2 112.0 412.5 116.7 134.6 192.0 81.2 138.2 142. 7 1C9.8 40.6 68.1 84.6 91.1 4.4 64.9 64.0 70.2 81.0 98.0 4.3 7,3 144.9 67.1 79.8 79.4 5.3 105. 8 240.6 109.0 72.3 89.6 10.7 148. 8 327.5 249.0 82.6 168.4 20.1 212.1 219.3 164.3 139.0 138.8 41.6 175.5 77.7 133.1 180.5 81.9 24.8 122.5 5.8 124.4 177.5 113.4 2.6 93.3 14.0 57.8 58.5 151.0 2.7 48.7 29.0 71.9 56.1 136.5 6.1 54.3 i 132, 609 j 112,250 j 150,349 1,141 1,065 1, 089 96, 912 868 122, 150 1,101 93, 898 939 127, 006 1,155 141, 162 1,106 157, 821 1,096 215,001 1,449 92.6 86.6 93.9 92.9 86.7 97.4 93.9 87.7 96.8 92.9 87.5 97.6 94.8 88.8 98.8 92.7 88.0 97.8 95.4 90.5 99.7 92.1 88.7 97.6 94.7 89.3 98.4 91.4 88.5 97.6 95.2 91.0 98.6 91.1 89.1 97.8 96.5 92.5 101.2 91.5 89.9 98.1 97.2 92. 8 102.7 92.0 90.6 98.2 67.0 117.7 50.7 115.6 58.0 67.0 112.9 57.4 105. 4 62.9 60.0 143.1 63.4 99.3 68.2 50.2 158.2 57.7 63.9 60.2 44.7 171.2 62.8 76.1 66.0 42.2 203.9 61.8 72.4 65.4 56.4 170.7 64.1 105. 9 70.0 71.8 174.7 72.1 137. 7 80. 1 2 ! Delinquent accounts, electrical trade: \mount dollars Delinquent firms number 91, 332 941 112, 843 1,258 138, 592 1,228 86.9 80.7 82.8 89. 1 83. 5 95. 9 88. 2 82.0 84. 9 P0.6 84. 1 96.8 89. 1 83.2 86. 5 92.5 84. 6 96.8 Cost of Living All groups Clothing Food Fuel and light Housing Sundries to to to to to to 1923—'' 1923.. 1923.. 1923 i 1923 1923 ; Forest Products (Marketing) j Distilled wood Gum Lumber Pulpwood Total 2 Revised. rel. rel. rel. rel. rel rel. rel. rel. rel. rel. rel. to to to to to 1923-25.. . 1923-25 1923-25 i 1923-25 ji 1923-25. 43.3 136. 5 61.5 123. 1 68.4 245.7 70.5 98.3 ! 39.7 2 59. 1 ' 55. 4 M17.2 2118.3 2 64. 0 2 60. 9 89.6 i 84.4 i 86.9 1 92.7 85.3 96.9 65.8 25.5 51.6 2 103. 1 2 55. 9 ! ! j ! i 91.1 ! 84.6 1 90.9 i 92.9 85. 9 97. 2 74.2 37.1 50.5 110. 9 55.9 1 47 SURVEY OF CURRENT BUSINESS July, 1931] MONTHLY BUSINESS STATISTICS—Continued 1931 Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey May April 1930 March February SeptanJanuary i Decem- Novem- October j8e ^m" August. ber ber 642,484 687, 560 July June May DISTRIBUTION MOVEMENT— Contd. | Postal Business Air mail, weight dispatched pounds .. Money orders: Domestic, issued (50 cities)— Quantity thousands Value thous. of dolls Domestic, paid (50 cities)— Quantity thousands., Value thous of dolls Foreign, issued thous. of dolls.. Postal receipts: Total index rel to 1923-25 50 selected cities thous. of dolls.. 50 industrial cities _ _ .. thous. of dolls. , Eetai! Sales Department store sales, value of: United States, adjusted._-.rel. to 1923-25., United States, unadjusted.rel. to 1923-25. . Atlanta rel. to 1923-25 Boston rel. to 1923-25 Chicago rel to 1923-25 '. Cleveland rel to 1923-25 Dallas rel to 1923-25 i Kansas City rel. to 1923-25 Minneapolis rel to 1923-25 New York rei to 1923-25 Philadelphia rei. to 1923-25 Richmond rel. to 1923-25., St Louis rel to 1923-25 San Francisco rel to 1923-25 Department store stocks, end of month: United States, adjusted— .rel. to 1923-25.. United States, unadjusted.rel. to 1923-25. , Atlanta rel. to 1923-25 Boston ... ... rel. to 1923-25 . Chicago rel to 1923-25 Cleveland .. _ . . . rel. to 1923-25 , Dallas rel. to 1923-25., Kansas Citv rel. to 1923-25 Minneapolis rel. to 1923-25 New York rel to 1923-25 Philadelphia.. rel. to 1923-25 Richmond rel. to 1923-25 . St. Louis . . rel. to 1923-25 San Francisco rei. to 1923-25 Mail-order houses: Total sales, 2 houses thous. of dolls.. Total sales, 2 houses rel. to 1923-25.. Sears, Roebuck & Co thous. of dolls.. Montgomery, Ward & Co.thous. of dolls.. Restaurant chains: Childs Co.— Sales thous. of dolls.. Stores operated number.. J. R. Thompson Co.— Sales thous of doll1; Stores operated number Waldorf System (Inc.)— Sales ._ _. ... thous. of dolls Stores operated Dumber.. Total sales, 3 chainsTotal thous of dolls Stores operated number.. 10-cent chain stores, sales: F. W. Woolworth & Co.— Sales thous of dolls Stores operated number F. & W. GrandSales thous. of dolls.. Stores operated... ... .. number G. C. Murphy Co.— Sales thous. of dolls.. Stores operated. _ . . number Isaac Silver & Bros. — Sales thous. of dolls.. Stores operated number.. J, C. Penny Co.— Sales thous. of dolls.. Stores operated number McCrory Stores Corp. — Sales .. thor.s of dolls Stores operated number MetropolitanSales thous. of dolls.. Stores operated number. . S. H. Kress & Co.— Sales thous. of dolls. . Stores operated number. . S. S. Kresge Co.— Sales thous. of dolls.. Stores operated... number.. W. T. Grant Co.— Sales thous. of dolls. . Stores operated number.. Total sales, 4 chains— Sales... thous. of dolls.. Stores operated number Miscellaneous chain group: Five and Ten — Actual rei. to 1923-25 Adjusted for seasonal ..rel. to 1923-25. . 750, 638 724,617 j 767, 229 637, 054 742, 687 705, 963 705, 695, 305 693, 627 680, 814 702, 499 4,165 39, 627 3,525 34, 525 3,662 35, 916 3, 415 3, 33, 33, 923 3,285 33, 363 3,436 34, 672 3,554 35, 395 3,813 38, 266 3. 766 36, 006 3,828 37, 803 4,015 3,567 37,250 i 33,240 3,749 36,352 10,902 81, 956 11,562 90, 646 4,442 11,132 9,701 81,747 ' 70,935 5,014 4,032 10,590 78,273 4,893 11,716 91, 923 10, 443 10, 248 79, 934 5, 178 11,514 90, 647 4, 996 9,758 79, 79, 174 4,781 9,681 77, 670 5, 225 10, 197 81, 800 5,428 10, 619 82, 691 5,413 11,191 87, 661 5, 040 104.5 27, 844 3,047 109.9 29, 257 3, 268 113. 1 100. 1 30, 178 1 26, 405 3,284 j 3,215 110.3 29,172 3,466 ; 145.3 38, 572 4, 418 106.2 28, 379 3,028 121.1 32, 279 3,568 107.9 28, 28, 764 3,160 98.1 25, 876 3,132 101.2 26, 761 3, 157 104.9 27, 956 3,062 117. 3 31.370 3,335 95 95 106 101 : 94 165 152 163 167 148 159 147 129 191 152 194 142 182 98 113 97 110 106 89 108 99 78 125 101 117 94 108 102 112 115 115 113 103 118 110 86 136 114 | . 134 ! 104 ! 118 99 103 90 88 108 89 107 103 100 112 79 79 92 92 108 108 108 102 77 77 74 84 76 78 79 73 77 63 77 73 108 100 71 67 71 72 68 69 68 61 77 58 73 66 91 105 98 83 98 98 87 89 82 80 109 84 100 84 97 105 105 101 108 112 102 106 94 90 119 91 112 96 114 92 104 95 98 114 95 87 120 73 120 91 103 95 107 92 191 92 ! 94 113 93 86 119 73 116 86 ! 100 i 95 107 91 95 88 88 87 107 88 78 113 69 107 79 79 93 93 89 100 91 87 85 78 99 80 70 107 66 97 70 82 86 96 94 87 83 81 99 80 66 100 62 97 71 83 82 96 96 93 89 88 103 88 72 104 65 104 78 90 86 99 96 98 91 94 111 92 79 110 69 1C9 80 95 91 105 68, 878 211 38, 785 30, 093 54, 54, 419 166 33, 33, 086 21, 21, 333 50, 682 155 29, 715 20, 967 48, 790 149 30, 121 18, 669 54, 356 166 30. 367 23, 989 59, 350 182 34, 300 25, 050 97 92 | i 83 87 98 80 97 79 86 81 88 78 91 85 79 73 1 2 83 85 84 87 i i 1 i 50, 070 153 31, 523 18, 547 52, 078 159 31,520 20, 558 43, 008 132 25, 407 17, 601 39, 422 121 24, 177 15, 245 41, 459 127 24, 839 16, 620 1, 957 108 2,059 110 2,064 111 1,889 111 2,083 112 2, 277 112 2, 075 111 2, 259 111 2, 2, 136 113 2, 173 113 2,050 113 2,103 114 2, 279 115 1,202 116 1,175 117 1,208 117 1,082 120 1,192 120 1,246 120 1,186 1,287 121 1, 1, 215 120 1,208 120 1,199 119 1,225 121 1,314 121 1,337 162 1,360 160 1, 351 160 1,210 160 1,295 152 1,379 152 1,338 147 1, 338 145 1,291 147 1, 261 146 1, 252 147 1, 257 147 1,379 145 4,496 386 4, 594 387 4,623 388 4,181 391 4,570 384 4,902 384 4,599 379 4,884 377 4,642 '380 4,642 379 4,501 379 4, 585 382 4 975 381 24,117 1, 896 23, 830 1,896 21, 724 1,894 19, 386 1,888 19,240 1,886 j 42, 320 1,890 24, 077 1,890 26, 422 1,889 22, 22, 353 353 1,886 22, 055 1,881 20, 737 1,871 20,715 1,867 25,309 1,855 1,825 118 2,004 117 1,664 116 1,431 114 1,371 112 ! 3.545 '112 1,894 112 2,026 111 1,663 111 1, 669 108 1,669 105 1,869 103 1,840 98 1,549 168 1,588 168 1,329 166 1,204 166 1,221 166 3,170 166 1,579 165 1,621 163 1,344 162 1,362 163 1,319 163 1,289 160 1,410 157 695 45 723 45 596 45 513 45 1,421 45 673 45 693 44 566 45 608 45 598 45 696 45 715 45 15,450 1, 453 15, 380 1,454 12, 443 1,454 9, 540 1,453 9, 725 1,452 23, 703 1,452 18, 937 1,452 19, 860 1,450 15, 15, 956 1,446 14, 397 1,440 13, 602 1,438 15, 828 1, 435 17, 160 1,431 3,412 243 3, 703 243 3,381 242 2, 946 242 2,903 242 6,783 242 3,617 242 3, 606 241 3,278 240 3,406 240 3.123 240 3,212 240 3, 588 241 1,226 148 1, 258 148 1,337 148 1,474 147 5, 469 216 6, 606 367 155 166. 7 5,761 216 6,402 364 160 167.9 5,259 213 5,334 354 144 158.7 4,487 211 4,347 350 12? 162.5 476 45 j 72, 486 1 55,713 222 170 33, 312 43, 814 28, 672 22,401 4,400 211 12,061 213 5, 528 213 5, 7 If, 213 5, 5, 478 ?11 5,125 211 5,061 211 5, 221 209 5, 399 207 9,825 681 23, 982 678 12, 503 676 12, 853 668 11,265 665 11,410 656 10, 882 645 11, 400 636 12, 778 632 4,110 350 11, 797 348 6, 677 346 7,084 340 5,286 318 5,385 309 4,818 305 5,469 303 6,153 293 36, 368 3,020 85, 146 3, 023 45, 725 3,021 48, 597 3,011 42, 42, 374 374 3,002 41, 996 2, 988 39, 803 2,967 40, 548 2,952 47, 075 2,935 124 160. S 298 153. 2 159 158.3 168 151.0 147 156.0 146 163. 0 138 152.0 141 150.0 174.0 r.2 48 SURVEY OF CURRENT BUSINESS [July, 1Q31 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May April 1930 March Novem- October Septem» January DecemAugust ber ber ber July June May DISTRIBUTION MOVEMENT— Contd. Warehouses Public merchanidse warehouses, space occupied p ct of total 2 65.9 66. 8 67.9 68.9 70.4 69.9 68.8 68.4 68.4 67.8 68.4 70.3 34, 674 51, 189 56, 296 75, 348 44,914 50, 994 45, 634 50, 414 68, 053 60, 338 74, 592 76, 325 84, 298 78, 358 82, 190 87,900 70,613 77,906 77, 906 84, 551 80, 536 91,544 79, 4C4 101, 545 2214, 888 319, 592 FOREIGN TRADE Total trade: Exports Imports Canadian thous. of dolls thous ofdolis.- 60, 845 73, 457 United States Exports: Grand total, including reexports thous of dolls 205, 000 •Grand total, including reexports, 54.0 index rel to 1923-25 By grand divisionsAfrica total thous of dolls Asia and OceaniaTotal thous. of dolls Japan.. .. thous. of dolls. . Ear ope— Total _ thous. of dolls.. France thous of dolls Germany ..-thous. of dolls. . Italy thous of dolls United Kindgom.. thous. of dolls. . North America— Total thous of dolls Canada thous. of dells .. South America — Total thoup of dolls Argentina thous of dolls By economic classes—• Total domestic exports only thous. of dolls 199, 244 Crude materials _ -thous. of dolls . 36, 486 Foodstuffs, crude, and food animals thous. of dells.. 10, 543 Manufactured foodstuffs thous. of dolls.. 18, 867 Finished manufactures. thous. of dolls.. 103, 458 Semifinished manufac29, 890 tures thous of dolls Agricultural exports (quantities) — 66 All commodities rel. to 1910-14... All commodities (except 89 cotton)... . rel. to 1910-14— imports: Grand total. .- , , thous. of dolls 180, 164 55.8 Grand total index rpl to 1923-25 By grand divisions — Africa total thous of dolls Asia and Oceania — Total thoas of dolte Japan thous of dolls Europe— Total. thous. of dolls.. France thous. of dolls.. Germany thous of dolls United Kindgom-- thous. of dolls.. North AmericaTotal thous of dolls Canada thous of dolls South AmericaTotal thous. of dolls.. Argentina thous of dolls By economic classes— Total thous. cf dolls.. Crude materials thous. of dolls.. Foodstuffs, crude, and food animals . -thous. of dolls . Manufactured foodstuffs .-thous. of dolls Finished manufactures-thous. of dolls. . Semifinished manufactures . thous. of dolls.. 180, 164 54, 658 235,881 224,413 249,646 275, 193 289, 021 327, 120 311,889 2&8.318 266, 619 295, 097 56.6 62.1 59.1 65.8 72.5 76.1 86.2 82.1 78.5 70.2 77.7 84.2 4,925 4,923 4, 954 5, 514 5,635 6, 588 6,272 6, 460 7, 5?5 7, 095 8,497 7,875 36, 202 14, 230 38,913 17,995 33, 252 11,257 35,431 i 14, 743 42, 279 12, 593 39, 219 12,425 44, 204 11,2J9 41,268 15 025 33, 641 8,821 35,913 V,489 43, 960 12, 709 44, 749 11,325 94, 320 11,329 12, 282 3 884 33, 344 113,838 12,456 19, 195 5,691 39, 706 117,938 13,564 16, 960 4, 168 38, 626 131, f 99 i 141,621 16,676 ! 19, 172 l'<,015 i 20, 32fi 5, 260 8, 625 49, 744 53, 871 155, 227 22. 094 23, 6^6 7, 582 61,094 174,652 23, 683 31, 507 8,924 71,918 158,717 20, 069 32,912 8, 105 57,841 143, 262 16,152 22, 784 5, 775 53, 928 113,043 11,9P6 14,151 5, 522 40, 628 122,830 11,152 16,456 6,2^0 47,915 135,508 15, 110 1 7, 226 7,719 47, 002 62, 974 44, 851 63, 068 41, 860 52, 762 35, 305 5^,952 1 33, 657 61,921 36, 32€ 64, 471 41, 689 76, 175 49, 165 79, 533 52, 070 82, 945 53, 695 82. 956 55, 058 92. 174 59,715 101, 6C6 69, 559 16,467 5, 803 15. 139 4,512 35,503 4,922 20,049 i 5,467 \ 23, 737 8,801 23,516 8,728 25, SI/ 10,361 25,911 9, 776 25, 744 9,741 27,612 10,816 27, 63fi 12, 067 29, 853 11,227 231, 077 56, 428 220, 658 47, 660 270, 810 76, 735 285, 441 90, 930 322.941 104, 829 307, 945 94, 268 293, 899 53, 155 261, 960 36, 532 289, 827 37,484 312, 592 40, 777 2 2 210, 068 2 40, 146 2 2 2 9, 583 7,316 8,487 13,462 15, 592 15,228 18, 183 24,161 10, 656 13, 346 12, 448 23, 383 2 110, 255 22,165 116,009 27,008 117,061 27, 033 119,6-0 29, 992 115,802 32,143 132,729 27, 825 130, 569 28,317 147, 505 24, 209 144,732 27, 3] 1 164, 559 30. 378 179,022 49, 967 8, 626 19, 593 2 11 0,773 2 2 31, 427 27,417 34, 578 33,910 33, 125 38, 012 37, 099 40, 760 39, 830 47, 127 68 87 71 85 109 126 137 124 87 57 55 56 81 86 82 95 105 116 127 114 130 98 93 90 210. 200 2 65. 1 175,108 54.2 183,132 56.7 208, 721 64.6 203,713 63.1 247, 322 76.6 226, 352 70.1 218,417 67.6 220, 494 68.3 250, 343 77.5 284. 683 88.1 30, 929 2 185, 706 57. 5 2 245, 759 58,625 2 3, 778 3, 052 2,344 3, 500 3, 353 3,938 4,310 4, 257 4,696 5, 354 5,013 5,611 53, 180 12 183 59, 552 18, 454 50, 183 16, 255 56,024 19,731 64,941 27, 208 53, 032 19, 620 73, 909 30, 577 62, 020 23 232 68, 789 25, 249 65, 281 17, 147 71,194 15, 357 74, 577 13,874 53, 387 6. 250 11, 249 5,741 11, 561 82, 174 6, 598 13,434 6,192 13, 033 51,172 6,880 9, 486 5, 128 11,970 52, 940 5, 881 10, 682 3, 724 10, 813 56, 661 7,275 11,619 5, 252 11,468 56, 530 8, 227 11,166 6, 353 15,289 77, 530 11,673 17,358 6, 461 17, 743 73. 423 10, 351 14,050 4,978 17, 017 63, 495 8, 806 14, 334 4,546 13, 840 62, 046 7,857 12, 724 4, 518 13, 901 72, 147 7,484 12,837 6,770 15,511 84, 137 10, 302 13, 046 10,467 21,353 46, 484 23, 757 50, 230 24,118 42, 294 21, ^54 43, S58 23, 534 53, 257 26, 139 54. 526 30, 279 62, 158 34, 306 58, 584 32, 508 65, 129 29, 286 57,515 30, 2C5 66, 181 35, 503 81,139 37, 358 26,91.7 2, 638 34, 599 3, 5C6 29,115 2, S49 26, 657 2,370 30, 388 2, 639 28, 028 3, 396 26, 2 / 9 3,341 30, 248 3, 931 35, 554 4,109 39, 180 9, 159 210, 200 64, 607 175,108 56, 357 30, 509 2, 519 t 183, 132 ' 208,721 69, 079 59, 318 203,713 59, 243 247, 322 77,487 226, 352 75, 393 218,417 72, 817 220, 494 69, 5S5 250, 343 76, 643 284, 683 86, 589 185, 706 54, 702 2 2 2 ! 26, 9?8 2, 35o 28, 912 33, 020 28,314 27, 363 30, 029 27, 337 32, 849 27, 582 26, 598 29, 310 35, 372 34, 744 18,910 2 22, 985 45, 530 2 45, 734 23, 558 2 49, 226 17, 737 41,168 14,644 44, 947 22,312 49, 172 21,045 23, 145 57, 826 i. 68,321 20, 6GO 61, 791 17,210 57, 797 19, 669 57, 242 24,813 61, 790 41,571 68, 424 30, 353 2 33, 373 39, 789 31,532 36; SCO 38, 129 38, 262 i 45,520 40, 9S6 44, 196 44, 688 51, 725 | 53, 354 77.8 65. 4 78.0 65.2 77.9 65.2 77.8 65.0 78.3 64.4 80.1 68.6 81.1 70.0 1 82.2 71.4 83.4 71.7 84.4 71.4 86.6 74.3 89.7 77.1 91.4 79.3 93.0 94. 5 74.8 66. 6 95. 3 74.0 81.2 82.1 91.7 94.0 76. 5 84. 0 55. 4 78.0 66. 5 95. 0 70.5 80.2 82.1 89.8 87.2 76.6 82.2 55.7 79.3 66.6 94.7 68.4 79.7 83.4 94.5 97.5 75.9 78.4 56.3 80.6 66.8 94.9 71,4 77.2 84. 6 96.6 99.7 77.5 77.1 56.3 81.9 69.2 95.6 73.7 75. 5 81.3 ! 97.9 100. 8 79.1 76.6 58.8 84. 2 71.2 96.7 74.7 77.4 83.5 98.3 i 100.8 i 80.2 77.4 60.4 85.7 71.8 97.0 75.2 79.4 82.0 101. 1 104. 3 81.3 80.2 62.1 88.0 72.6 98.4 75.4 80.7 83.5 102.3 106.6 81.7 82.7 62.4 90.2 73.6 99.0 75.3 82.4 85.1 104.4 110.1 83.9 85.1 65.1 90.8 76.1 101.1 80.0 81.0 84.1 105.4 111.1 87.3 86.8 67.8 95.2 78.7 101.7 82.4 81.0 90.4 105.7 113.0 90.0 88.9 71.6 99.5 80.3 102.4 88.0 85.7 89.7 1C6. 5 114.3 91.6 90. 4 73.9 102. 8 80. 2 103. 2 88.0 87.4 90.9 63.2 70.9 63.8 70. 3 64.3 70.2 64.9 68.8 67.1 1 72.3 i 69.4 78.9 68.6 76.4 67.2 68.6 69.7 71.1 71.7 74. 8 74.9 81.4 78.9 86.5 80.4 87.4 30, 712 EMPLOYMENT AND WAGES Employment Indexes Factory employment, adjusted(Fed. Res. Bd.) : Total rel. to 1923-25 Cement, clay, and glass rel. to 1923-25.. ChemicalsGroup rel. to 1923-25 Petroleum, refined rel. to 1923-25.. Iron and steel.. rel. to 1923-25 Leather and its products, .rel. to 1923-25.. Lumber and its products. .rel. to 1923-25.. Machinery. .. rel. to 1923-25 ! Nonferrous metals rel to 1923-25 Paper and printing rel. to 1923-25 Rubber products .. rel. to 1923-25 Textiles rel. to 1923-25 Tobacco production rel. to 1923-25 TransportationGroup rel. to ] 923-25 Automobiles rel. to 1923-25.. 2 Revised. 84. 2 55. 4 76.3 1 i i ! ! 49 SURVEY OF CURRENT BUSINESS July, 1931] MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here mag be found in the 1931 Annual Supplement to the Survey 1931 May April 1930 ii March Febru- January ary Decem- | Novem- October Septem- August ber ber ! bor 90.0 88.1 83.0 76.6 112.5 71.9 76.2 77.0 69.6 384, 983 82.4 26, 363 79.8 78.2 90.0 87.6 81.2 76.5 114.6 71.2 75.5 77.4 68.5 379, 089 80.9 28,110 80.2 77.6 89.8 87.1 76.5 76.3 113.8 69.4 73.6 77.9 67.5 373, 304 79.8 28.487 78.9 76.9 87.9 86.7 40.0 77.5 117.2 69.9 76.7 82.2 69.3 383,518 81.9 30,076 81.7 77.5 79.9 87.1 88.3 July June May EMPLOYMENT AND WAGES— Con. Employment Indexes— Continued Employees on payroll, unadjusted: Cleveland rel. to Jan 1921 86.9 \ 83.8 Delaware.. _rel. to 1923-25-. 86. 3 86 9 D^troit rel to 1923-25 80.4 i 83.5 Illinois .-rel. to 1925-27-74. 5 75 6 lowa rel. to 1923 110.1 ; 111.0 Massachusetts _ rel. to 1925-27 70. 8 72. 2 Maryland rel to 1924 75.9 : 76.2 New Jersey rel. to 1923-25 75.3 75.7 New York State rel. to 1923.. 67.6 i 69.0 New York State number 373,993 : 382.045 Ohio -._ rel. to 1926 . i 83 0 Oklahoma number i 27 340 Pennsylvania .. rel. to 1923-25 77.4 I 79.4 Wisconsin rel. to 1925-27-78. 1 ! 77. 9 i 87.4 ! 87.9 I 75.8 j 77.7 ! 117.7 ! 73.2 i 78.8 • 85.8 ! 72.0 i 398,424 I 82.1 !] 32,294 84.7 | 78.5 91.6 94.0 79.0 80.2 114.3 75.4 81.6 88.2 74.3 411,333 85.1 33, 342 86.4 81.3 92.0 98.5 74.8 82.9 115.1 76.2 83.4 88.0 75.6 418, 262 88.2 35, 058 87.5 83.1 96.1 101.6 83.0 84.9 117.2 75.7 82.0 84.2 73.9 408, 895 89.3 35, 139 86.6 85.2 99.4 102.7 48.0 85.7 118.1 74.3 83.3 83.5 74.6 412, 693 92.1 34, 849 87.6 90.5 103.9 107.2 99.0 91.2 122.5 78.5 86.2 84.1 77.5 428, 678 96.5 34, 748 91.9 89.0 107. 9 109.4 109.2 93.4 126.1 81.3 87.4 85.6 79.0 436,926 100.0 34, 285 94.2 92.7 E in ploy m en t Anthracite mines, employment.rel. to 1923-25.. Applicants per 100 jobs, employment agencies: Canada . ... number United States number-Central States number Eastern States number-Southern States . number Western States number. . Illinois . number Wisconsin number Employment, Trade Unions: Canada.. .. ...p. ct. of total membership . United States.p. ct. of total membership.. Employment, Canada.. rel. of 1926. . Factories, time operated: Total p. ct. of full time Chemicals and other j products p ct of full time Food and kindred products . p. ct. of full time Leather and its finished ! products. . p. ct. of full time Lumber and its manu! factures . p. ct. of full time Iron and steel and their products. p ct. of full time Nonferrous metals p. ct. of full time Paper and printing p. ct. of full time.. Stone, clay, and glass products p ct. of full time Textiles and their products p. ct. of full time J Tobacco manufactures. p. ct. of full time.. Vehicles'for land transportation p. ct. of full time Miscellaneous indus; tries p ct. of full time i Ratio actual time to capacity per cent Factory employment relative to full normal force: Total 12 groups p. ct. of nor. force . ' Chemicals and other products p. ct. of nor. force i Food and kindred prod1 nets . . p. ct. of nor. force Iron arid steel and their products ... p. ct. of nor. force l Leather and its finished products p. ct. of nor. force J Lumber and its manufactures _ p. ct. of nor. force ' Nouferrous metals p. ct. of nor. force Paper and printing . - p. ct. of nor. force Stone, clay, and glass products .. . . p. ct. of nor. force Textiles and their products _ p. ct. of nor force ! Tobacco manufactures .p. ct. of nor. orce Vehicles for laud transportation p. ct. of nor. force.. Miscellaneous p. ct. of nor. force Federal Civilian Employees (Washington) number Hours of work in factories: Actual hours per week Nominal-.. hours per week Labor turnover: Accessions D. ct. of no. on pav roll Separations — Total p. ct. of no. on pay roll Discharges..- p. ct. of no. on pay rolL. Lay-otTs p. ct. of no. on pay roll.. Voluntary quits p. ct. of no. on pav roll Labor disputes: Disputes . number Man-days lost in month .number Workers involved number..! Ohio construction, employmerit . rel. to 1926 Railways, employees on pay roll- -thousands,. 1 Revised. 78. 3 i 82. 9 1 75.0 | i \ 94.7 96.2 91.9 81.7 90.3 89.5 92.3 133 218 233 239 314 i 103 270 191 189 227 251 231 344 123 280 210 211 193 240 192 277 74 278 178 159 170 222 181 201 71 230 188 145 177 204 214 252 79 234 162 161 198 221 231 253 98 262 150 156 186 209 202 240 81 224 155 148 164 173 172 243 93 196 135 86.2 78. 0 112.9 89.2 79.0 116.2 90.6 79.0 116.6 90.7 78.0 118.8 90.8 78.0 118.9 89.4 80.0 116.5 89.7 80.0 111.4 215 172 141 202 232 209 265 89 250 250 85 1 75.0 9Q 7 84.5 i 74.0 100.2 i 84.4 73.0 100.7 84.0 73.0 101.7 83.0 77. 0 108. 5 1 218 96.5 : 147 179 215 202 215 i 75 228 i 197 156 | 224 261 254 293 91 331 230 i 91 91 90 89 90 90 92 92 91 91 93 94 Q7 96 95 95 ! 95 95 97 96 96 95 97 99 96 96 96 97 97 ; 97 98 98 97 97 97 97 92 91 i 87 ; 84 90 91 93 94 92 93 86 85 „ 89 S3 84 '_ 86 89 89 88 88 90 91 80 86 95 80 87 i 96 I 80 87 95 80 86 95 80 86 96 80 87 96 83 89 97 84 90 96 85 89 96 86 89 96 88 92 98 90 93 98 91 91 ! 90 90 90 91 93 92 92 92 95 96 93 86 94 i 87 : 93 85 90 88 90 91 91 89 92 90 90 90 89 92 88 93 90 93 91 91 92 91 91 89 91 91 93 93 93 93 94 96 88 87 87 88 !1 88 88 fi« 90 91 72 90 71 92 73 88 78 94 80 76 77 78 78 80 84 85 75 it 79 77 77 79 81 88 89 89 85 88 88 87 92 ' i i 'i 73 75 77 79 82 86 88 i 83 88 89 90 90 87 88 !• 66 75 94 68 75 94 68 75 94 71 77 9-1 72 78 95 75 80 97 76 80 97 ... 1 i ' ! i 75 76 77 81 83 78 96 78 97 77 97 75 97 76 97 80 98 82 96 ; 64 66 79 70 79 72 80 75 82 81 86 85 8S : 71,052 70, 790 70, 598 70, 197 69, 666 68, 510 67, 036 41.1 47.8 42.3 48.2 42.5 48.3 42.6 49.1 43.3 48.4 44.5 48.6 45.2 48. 9 1 : 1 72 ?97 i 71,917 • r 71,162 | 71,252 71,189 1 ! 41.7 48.3 77 i 32. 8 37. 2 43.2 36.8 35.0 25.1 24.9 30.1 39.8 31.9 29.5 35.5 38.6 45. 1 ! 3. 3 28. 6 41. 6 3. 8 23. 9 34.8 ! 3.1 20 6 35.0 2. 6 22.8 33.9 2.2 23.0 44. 6 I 2.5 i 32. 2 ! 47. 6 2.9 33. 7 52.9 3.8 33.9 60.9 4.4 38.2 67 7 4.2 47.0 68.8 3.8 49.1 64.6 5.6 36.5 60.8 5.6 31.5 13.2 ! 13.9 11.1 j 8. 7 9.9 | 11.0 15.2 18.3 16.5 15.9 22.5 23.7 i 41 234 220 225 233 230 34 27 | 229 244 230 598, 525 2420, 148 2228,329 2181,031 2194,455 : 2 273, 608 2235,916 2208, 189 2142,738 2141,647 2144,117 14, 855 2 27, 574 212,512 ! 2 2,927 25,144 i 27,759 216,007 213,778 28,311 27,131 24,615 229 2185,488 i I i 60. 0 53. 7 1, 319 ; 9. 6 ; 51.9 ! 1,316 49.4 1,334 | 59.8 ! 1,357 72.0 1,394 82.6 1, 455 87.7 1,486 96.6 1,514 100.3 1, 532 93.3 1, 564 93.5 1.C01 50 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1930 1931 May March April Decem- Novem- October Septem- August ber ber ber Febru- January ary June July May EMPLOYMENT AND WAGES— Con. Wages Anthracite mines, pay roll rel. to 1923-25. Factory pay rolls (Fed. Res. Bd.): Total .-. rel. to 1923-25 Cement, clay, and glass rel. to 1923-25. _ ChemicalsGroup rel. to 1923-25 Petroleum refining rel. to 1923-25. . Iron and steel _. rel. to 1923-25 Leather and its products. __rel. to 1923-25.Lumber and its products. _rel. to 1923-25.Machinery rel to 1923-25 Nouferrous metals rel. to 1923-25.. Paper and printing rel. to 1923-25-Rubber products rel. to 1923-25.. Textiles . rel. to 1923-25 Tobacco products rel to 1923-25 TransportationGroup rel. to 1923-25— Automobile rel. to 1923-25.. Farm wages, without board dolls per month Industrial pay rolls: Total, monthlyDelaware. _rel. to 1923-25.. New Jersey __rel. to 1923-25.. New York __ .rel. to 1923 . Pennsylvania ..rel. to 1923-25.. Wisconsin . rel. to 1925-27 . WeeklyNew York State, _ thous. of dolls Oklahoma thous of dolls Road building, wages of common labor: United States average cents per hour-East North Central section cents per hour East South Central section __ _ _ cents per hour Middle Atlantic section... cents per hour.. Mountain section cents per hour New England section cents per hour.. Pacific section cents per hour— South Atlantic section cents per hour.. West North Central section cents per hour . West South Central section __ cents per hour Railways, average hourly wages dollars.. U. S. Steel Corpn., wage rates-cents per hour-Weekly earnings of factory labor: United States, totals, 23 industriesGrand total dollars Grand total rel. to July, 1914— Men —• Total . . dollars Total rel. to July, 1914S killed dollars Skilled .._ rel. to July, 1914 . Unskilled dollars Unskilled rel to July 1914 Women dollars Women rel to July, 1914 Totals by StatesIllinois dollars-Illinois rel to 1925-27 New York dollars New York rel. to 1923— Oklahoma dollars Wisconsin dollars. _ i Wisconsin rel. to 1925-27— ! Youngstown district, wages of steel workers p ct of base scale 64.6 63.8 55.7 79.8 75.8 85.0 83.2 102.3 78.2 68.2 72.6 73.2 85.8 72.1 56.7 ! 73.6 55.7 74.9 54.0 73.2 51.4 68.4 46.6 73.7 56.3 75.1 60.9 80.8 66.4 83.0 66.4 81.7 66.4 82.6 66.4 90.7 76.1 2 94.4 76.9 88.4 96.1 64.9 ! 68.7 I 45.7 67.8 63.4 100.0 71.0 71.7 68.3 92.0 96.7 69.1 70.6 44.9 69.7 65.4 100.6 66.8 76.8 65.7 89.8 90.8 70.0 73.4 46.2 72.0 66.3 101.9 63.2 81.9 68.3 92.9 100.8 67.5 68.8 45.6 71.9 64.4 100.7 63.8 76.9 65.3 90.4 99.3 62.4 60.6 44.0 69.9 64.1 ! 101.3 63.8 68.4 | 64.3 94.7 101.4 66.7 58.1 50.4 75.0 67.9 105.7 62.6 72.2 77. 7 96.1 103.2 68.9 55.0 54.7 75.1 67.3 105.0 58.7 73.4 76.8 99.9 109.3 75.8 69.7 60.4 81.4 69.4 105. 4 65.9 80.3 78.0 101.3 113.8 75.4 76.2 60.9 84.2 70.7 106.3 71.8 81.2 80.0 100.7 117.2 77.5 80.0 61.6 85.6 72.0 106. 9 77.6 73.2 77.2 i 100.8 118.1 78.6 78.6 63.0 90.9 76.0 107.3 80.8 69.2 81.9 105.3 121.7 90.8 73.8 70.9 102.7 85.0 111.9 88.3 77.8 84.4 66.1 75.6 65.3 70.8 64.1 67.7 338.37 62.2 61.1 51.8 I 40.0 60.8 55.5 3 39. 04 60.8 57.4 62.8 58.4 66.0 62.4 344 28 66.3 58.1 71.7 72.4 83.8 89.2 3 47. 24 91. 1 101. 7 81. 1 76.3 66.6 64.9 67.2 79.7 76.1 69.1 69.5 68.2 81.7 77.3 71.1 68.4 68.8 79.9 78.6 68.8 68.3 65.8 77.0 77.5 1 66.7 66.2 60.0 ! 78.7 83.4 69.7 71.3 63.9 78.1 87.7 72.2 74.8 66.2 87.1 93.4 76.2 80.7 73.0 89.7 93.0 80.0 81.4 72.3 93.2 ! 89.3 77.2 82.0 73.9 94.2 88.1 81.' 2 77.7 101. 1 90. 1 82.0 89.1 83.0 103. 8 93.3 84.0 94.9 89.0 10, 046 10, 414 682 10, 723 679 10, 365 711 10,048 | 730 ! 10, 513 803 10, 883 869 11, 489 836 12, 061 944 11,631 958 11,717 971 12, 369 982 12, 667 1,013 37 35 37 36 38 39 40 39 40 40 40 36 41 33 36 j i 37 37 37 37 37 38 38 37 38 38 39 21 38 45 45 50 21 20 38 43 47 51 22 21 41 44 48 52 24 22 39 42 48 51 24 21 40 44 48 51 20 22 41 45 51 51 22 24 40 47 50 52 22 24 41 48 49 53 22 24 42 48 50 53 23 23 42 46 50 i 53 28 25 42 47 49 53 25 25 43 48 49 54 26 25 41 48 48 52 26 38 36 37 36 37 37 35 38 37 36 36 37 37 23 .669 50 28 .689 50 26 .670 50 28 .670 50 26 .679 50 27 .659 50 27 .664 50 26 .697 50 26 .651 50 28 .653 50 28 .688 50 24.23 193.2 24.06 191.9 24.92 198.7 25.22 201.1 25.38 202.4 25.72 205.1 26.48 211.2 27.05 215.7 25.36 190.7 26.30 185. 7 21.58 201.5 15.47 197.3 25.15 189.1 26.11 • 184.4 21.29 198.8 15.22 ; 194.1 26.25 197. 4 27. 25 192. 4 22. 13 ?06. 6 15. 72 200. 5 26.87 202.0 28.08 198. 3 21.93 204.8 15.27 194.8 27.33 27.15 204. 1 205. 5 28.55 28.35 200.2 201.6 22.26 22.30 208.2 • 207. 8 15.88 15.71 202.6 200.4 28.56 214.7 29. 87 210.9 23.13 216. 0 16.13 205. 7 29. 19 219. 5 30.50 215.4 23.85 25. 09 88.4 27.42 100. 7 26. 87 20.84 81.1 25.31 89.2 27.32 100.3 ' 26. 91 21. 33 84.1 26. 42 93.1 27. 94 102. 6 25.06 22.89 89.0 26.43 93.1 28.84 105.9 26.92 22. 16 85. 6 26.45 93.2 28.45 104.4 27. 27 22.21 86.0 26.27 92.6 28.40 104.3 27.85 21.47 83.6 27.49 96.9 28. 86 105.9 28. 25 23.96 92.8 28.14 99.2 29.00 106. 5 29. 54 24. 79 95.7 127. 0 127.0 127.0 127. 0 127.0 127.0 127.0 127. 0 22 --- 21 ~"~50~ —- | - ~j i i - 24.54 86.5 26.87 102. 3 84.9 127.0 24.99 88.1 27.27 100.1 24.95 22.26 86.7 25.13 88.6 27.87 102.3 25.73 22.69 88. 1 25.29 89.1 27.35 100.4 25.28 21.64 84.3 24.25 85.5 26. 92 98.8 25. 61 19.70 76.5 127.0 127.0 127.0 127.0 I ! ! \ | 2 106.6 120. 4 95. 5 75.6 108! 3 84.4 113.3 95. 4 82.7 82.1 16^27 207. 5 CONSTRUCTION Building Costs Building costs (A. G. C.), 1st of month , rel. to 1913— Building costs (E. N. /?.) 1st of month rel. to 1913 Building materials: Brick house, 6-rm., 1st of month rel. to 1913Frame house, 6-rm., 1st of month -._ rel. to 1913Construction costs (Am. Appraisal} : Brick, steel frame .rel. to 1913— Brick, wood frame rel. to 1913— Frame . _ . rel. to 1913 Reinforced concrete rel. to 1913. . Factory costs (quarterly) (Aberthaw) rel to 1914 Building volume (A. G. C.) rel. to 1913. : 199 200 ; 196. 9 i 198. 5 198.7 i 170 174 ; 172 176 165 163 168 165 171 178 192 178 181 179 194 179 182 179 194 179 182 179 1 196 ' 182 ! 184 180 196 183 185 186 : 202 ' 188 i 190 87 1 78 99 95 a 185 123 173 : 82 90 57 55, 61 62 197 199 199 200 199 1 189.3 191. 6 194.5 196.6 194.5 I 167 167 170 171 160 157 163 166 180 166 169 172 186 172 175 107 199 198 199 200 201 201. 0 201.0 203. 4 205.9 4 168 175 177 179 181 169 173 175 177 iss 206 191 193 190 208 194 195 193 211 197 197 193 212 198 198 196 213 201 200 186 185 199 206 199 U89 191 176 82 81 84 89 146 111 12, 533 11,495 11, 621 44, 577 41, 193 39, 760 331, 864 ! 346,643 366, 878 13, 359 48, 214 600, 573 14, 331 53, 732 457, 416 198 199. 6 1 17 : : ! 3 Construction Contracts Awarded Total construction, unadjusted, F. R. B . rel. to 1923-1925 74 Total construction, all types: Projects number 11, 506 Floor space thous. of sq. ft. 38, 941 Valuation __ thous. of dolls . 306,079 2 Rev ised. 11,888 39, 380 336, 925 10, 788 37, 955 369, 981 7,629 28, 339 235, 405 7,391 6,911 24, 635 ! 29, 055 227, 956 ; 249,436 3 9,127 12,158 33,099 i 39,484 253, 574 J 336, 706 Quarter eiided in month indi cated. July, 1931] 51 SURVEY OF CURRENT BUSINESS MONTHLY BUSINESS STATISTICS—Continued 1931 May April Decem- Novem- October Septem- August ber ber ber July June May 4,567 28, 435 1, 135 1,174 3,555 25, 092 1,481 4,727 29, 509 2,015 6,673 35, 653 1,841 5,721 31, 137 1,919 7,914 50, 860 1,925 7,332 46, 941 1,916 9,489 59, 080 2,267 9,897 73, 340 147 2,272 16, 685 146 2,800 19, 408 197 4,012 24, 527 202 4,275 29, 528 283 3, 584 28, 554 380 4, 150 28, 233 548 4,141 25, 897 823 6,514 42, 748 696 6,730 48, 919 518 6, 213 36, 890 59 908 7,708 55 COO 4,855 69 752 6,769 72 816 6, 937 110 1,052 11, 556 136 1,753 16, 547 119 13,415 i, eo9 126 1,900 12, 673 125 1,903 19, 675 125 1,401 10, 312 221 1,499 7,309 236 1,620 10, 067 266 2,090 12, 946 318 2,056 12, 967 385 2, 610 13, 785 347 5,434 24, 043 417 3,611 18, 175 401 5, 073 28, 882 383 3,721 22, 693 433 7,516 37, 352 83 2,019 10, 705 86 952 5,364 107 1,710 19, 545 114 645 5,240 137 1, 176 14, 553 137 1,300 11,661 137 2,031 12, 547 156 2,650 13, 947 155 1,115 8,554 112 1, 598 10, 033 1,080 246 78, 643 978 393 95, 211 1,009 697 78, 621 1,292 468 76, 378 2,017 2, 146 339 1,484 112,966 109, 092 2,076 1,297 126, 722 2,316 946 121, 151 2, 594 1,907 32?, 842 2,406 1,099 152, 128 94 392 3,926 90 241 1,685 102 446 5,177 111 496 4,564 162 667 5,386 189 860 6,576 206 852 6,879 220 873 8,030 236 1,315 11,809 208 1,131 10, 374 6,486 22, 090 100, 913 4,520 16, 559 77, 918 4,056 12, 235 54, 376 4,340 14, 705 70, 911 5,368 18, 844 80, 782 6, 822 22, 337 104, 670 6,097 19, 688 98, 535 5,979 16, 843 82, 670 6, 297 18, 231 84, 333 7,012 20, 782 96, 816 7, 982 23, 462 116, 569 22, 708 27, 312 149 619 4,999 25, 930 129 1,228 8,557 20, 299 127 1,108 5, 849 24, 542 169 771 7,670 39,311 227 1,047 9,583 33, 332 222 804 6,040 32, 407 220 1,462 9,478 49, 407 269 1,059 8,173 37, 374 242 1,253 10, 187 54, 728 280 1, 416 10, 419 46, 862 60.0 53.7 51.9 49.4 59.8 72.0 82.6 87.7 96.6 100.3 93.3 93. 5 12, 303 10, 038 24, 671 21, 982 19, 467 17, 573 9,403 8,321 10, 107 9,218 8,808 5,081 6,293 4,790 9,745 6,820 10,080 6,360 10, 657 7,243 17, 416 12, 720 18, 156 13, 860 18, 914 14, 899 5,059 225 11, 229 9,100 254 9,569 5,826 205 8,277 9,654 188 7,489 17,416 423 6,957 42, 751 1,071 7,030 40, 418 1,138 7,785 41, 088 1,025 8,325 18, 422 544 8,459 18, 541 537 8,339 13, 844 483 8,055 22, 939 938 7,709 9,317 445 7,674 176, 300 182, 280 197, 960 191, 920 187, 340 182, 950 174, 940 168, 100 167, 200 176, 920 172, 900 7, 160 5, 001 2, 159 7, 947 5,597 2,350 8,108 5,746 2,362 7,693 5, 502 2,191 2 8, 195 2 5, 906 2 2, 289 2 7, 792 2 5, 517 2 2, 275 2 7, 906 2 5, 397 2 2, 509 2 7, 899 2 5,016 2 2, 883 2 7, 784 2 4 720 2 3, 064 2 8, 064 2 4, 826 2 3, 237 410 6, 750 460 7,487 502 7, 606 465 7,228 2 479 7, 313 526 2 7, 380 2 541 7, 243 518 2 7, 546 1,485 1, 456 162 1, 542 1,513 149 1,515 1,488 142 1, 575 1, 550 161 1,443 1,419 154 1, 412 1, 391 143 1,426 1,404 132 1, 435 1,414 136 1,545 1,524 129 6,652 21,911 88, 900 36, 896 1,907 785 132, 993 7,221 22, 633 95, 896 7,657 4,544 3, 113 i Revised. Febru- January ary 1,276 3, 825 27, 513 2,141 387 108, 948 March 1930 1,681 522 151, 722 2 2 2 7, 875 5, 244 2, 631 2 2 2 454 7,203 452 2 7, 423 1,405 1,388 98 1,414 1,392 128 1,336 1,311 145 77,098 19,051 77, 214 18, 650 73, 277 16, 864 76, 824 17,892 77, 820 16, 070 76, 139 17, 148 79, 173 19, 074 76, 925 17, 756 76, 279 16, 445 76, 850 15, 452 77,815 17, 432 80, 507 18, 141 9,391 11,963 1,513 9,346 12, 024 1,406 8,326 10, 806 724 8, 943 11, 528 609 10, 012 12, 973 1,517 8,647 11, 348 735 10, 137 13, 157 1,829 10, 117 13, 054 1,467 10, 121 12, 965 1,400 10, 131 13, 090 875 10,759 13, 768 1,412 10, 957 14, 059 1, 445 119 10, 113 134 9,687 128 9,884 2 124 10, 474 118 10, 940 115 10, 810 124 10, 416 93 10, 891 83 11, 153 153 11,734 8,072 672, 555 8,072 690, 476 8,066 629, 336 8,064 692, 709 8, 050 718, 784 8,050 658, 789 8,376 701, 279 8,370 646, 036 8,352 646, 750 8,340 655, 477 8,328 681, 788 8,320 736, 202 169, 760 216, 559 134, 854 203, 085 52, 700 163, 186 49, 620 165, 789 56, 740 233, 890 64, 170 225, 021 230, 423 225, 322 246, 832 230, 043 282, 393 244, 640 387, 260 247, 376 367, 727 219, 574 307, 823 208, 467 310,711 214, 302 86,000 82, 465 82, 970 69, 572 75, 512 107, 507 83, 480 102, 569 113, 749 70, 088 84, 266 140, 176 124, 924 2 2 2 a 102 10, 826 2 486 7, 709 2 541 7, 358 2 52 SURVEY OF CUEEENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued 1931 Earlier data for items shown here may be found in the 1931 Annual Supple- ment to the Survey May April March 1930 Febru- January Decem- Novern- ; Ootftbpr Septem! ber j ber | Uctober ber ary August July June May PUBLIC UTILITIES— Continued Tra nsportation— Continued Inland waterways— Continued. 1, 508 1,359 1,811 2,075 Monongahela River-. thous. of short tons-. 1, 535 1, 571 ! 2,087 1,518 1, 547 New York State canals 1 688 458 thous of short tons 390 Ohio River, Pittsburgh to Wheeling thous. of short tons 505 686 928 713 546 500 926 1,03-7 428 Panama Canal — 2,394 1,925 2,107 2,060 Total cargo traffic.thous. of long tons.. 1,916 2, 167 2,263 1,930 2,011 In American vessels 1,009 937 864 958 1.133 1,040 thous. of long tons 910 953 929 421 540 615 546 436 In British vessels.thous. of long tons.. 436 429 536 448 914 877 St. Lawrence Canal.. thous. of short tons.. 1, 1G6 38 563 319 Sault Ste. Marie Canal 9,094 10, 347 thous of long tons 4, 335 922 5,130 311 2,744 2,474 2, 246 2,186 2,217 2 2,204 Suez Canal thous. of met. tons 2,396 2,440 Welland Canal short tons_. 1,165,853 370, 003 68, 400 583, 907 916,563 979, 532 Ocean traffic: Clearances, vessels in foreign trade7,074 7, 653 5, 414 6,224 Total thous. of net tons.. 4,972 5,505 6, 539 5,044 5,907 2, 501 2, 651 3, 060 1,843 American thous. of net tons.. 1. 991 2, 525 2, 092 1, 695 1,773 4,593 3,514 3,723 4,423 Foreign thous. of net tons_. 4,014 3, 571 3,277 3,815 3,271 Passenger travel: Arrivals from abroad— 4,091 9,209 6, 439 13, 942 17, 792 Immigrants number.. 3,470 3, 147 3,577 19, 844 22, 381 40, 702 80, 900 28, 535 United States citizens number 27, 508 34, 861 28, 231 Departures abroad— 5, 352 5, 100 Emigrants number 4, 397 4, 951 4,720 5,450 4, 693 5, 647 56, 526 24, 885 32, 988 24, 420 United States citizens _ ..number 32, 278 33, 172 21,140 24,418 National parks — 48, 874 43, 361 67, 089 1S3, 583 37, 246 Visitors number 9,211 43. 939 7,937 15, 596 Automobiles entered .number. 6,010 S, 772 7, 145 7, 834 6,565 7,496 Passports issued number. . 28, 513 7,255 14, 328 21, 466 Pullman Company operations: 6.072 6, 476 6,016 5,305 Revenue. .. thous. of dolls.. 4,894 5, 346 5,418 5, 238 2, 203 2,278 2, 517 2,031 Passengers carried thousands. _ 1,919 2,180 1, 986 1,966 Trend of business in hotels: 3.82 3.80 3.72 3.96 3.90 Average sale per occupied room.__dollars.3.84 3.50 3.73 3.63 64 69 66 65 Room occupancy p. ct. of capacity-60 64 61 63 61 Shipbuilding: Rate of activity (elec. energy 113.9 124.1 121.5 105.5 consumed) -. . rel. to 1923-25-. 99.0 89.7 1 14. 8 92.5 98.3 Building or under contract, end of month421 359 366 423 344 Merchant vessels thous of gross tons 397 409 412 Completed during month — 32, 083 29,413 51, 667 Total .__ gross tons 25, 971 53, 551 34, 527 17, 443 25, 622 13, 766 21,045 18, 391 16, 895 20, 125 Steel, seagoing gross tons 39, 830 28, 613 9,703 4,985 13, 976 Pteam railways: • EquipmentFreight cars — In bad order, end of monthQuantity cars 170, 165 162, 966 162, 117 153,606 147, 650 147,334 155, 883 157, 727 157, 141 7. 1 6.6 7.1 6.7 7.0 Ratio to total cars... per cent.. 7.4 7. 3 6.9 3,291 565 2, 691 IVew orders cars 2, 862 24 2,768 2,166 Owned, end of month — 2,272 2,275 2, 254 Quantity thous. of cars_. 2,258 2,271 2,244 2, 249 2, 251 2, 253 Capacity mills, of Ibs.. 209, 645 209, 958 210, 102 210,235 210, 229 ; 210,426 211, 788 211,823 211,942 Shipments— 2,384 4, 235 607 1,182 Total cars 845 648 1 082 762 633 4,176 1,139 2,307 Domestic. . . _ . cars . 735 436 646 1,082 657 533 Unfilled orders (railroads)— fi Ksr> 6, 175 ; 9, 780 5, 423 7,542 8, 799 3,716 7,484 8,637 4,127 2,445 Of manufacturers cars 1 1 AOQ 3, 376 1, 125 2,681 2,176 1, 569 2,207 2, 048 In railroad shops cars.. 6, 404 2,978 2, 591 6,118 4, 886 5, 366 5, 915 6,430 Locomotives (Am. /?;/. Asac.) — 2 Exports, steam number _. 5 2 3 2 3 5 In bad order, end of month — Awaiting classified repairs number. . 5,910 4,676 4,936 5,102 5, 522 5, 216 5, 734 5, 958 5,967 Ratio to total locomotives 8.9 8.6 per cent 9.5 9.2 10.0 10.9 10.4 10.8 10.9 147 127 92 Installed ._ _ -..nuniber.80 96 67 86 94 77 8 CO 25 2 New orders mum ber 151 7 8 206 198 Retired number . 182 ; 390 151 268 182 161 128 Owned, end of month — 56, 157 56, 236 Quantity ..number-- 55, 278 55, 985 55, 576 ! 55,678 55, 450 ! 55, 534 55, 366 2,541 2,541 Tractive power mill?;, of lbs._ 2,525 ! 2, 528 2,538 2,522 j 2, 525 2,518 2,520 Shipments, manufacturers (Census) — 50 65 49 Total number. . 16 43 10 15 15 26 3 6 6 2 5 55 i 62 48 Steam, domestic number 37 10 37 12 10 26" Shipments, electric locomotives3 17 33 3 23 Industrial (quarterly) number 3 55 Mining (quarterly) number 376 •113 Unfilled orders (railroads) ,end of mo.— 102 143 64 90 59 Of manufacturers number-31 57 60 i 57 37 38 33 In railroad shops number. _ 30 30 ! 20 | 24 26 ; 29 Unfilled orders, manufacturers' (Census)— 132 174 91 104 93 Total . _. number 58 i 80 95 ! 103 1 31 33 18 12 25 Electric, domestic _ _ number. _ 2 : 7 96 136 69 86 63 Steam, domestic number.. 47 81 ! 85 78 Passenger cars— In railroad hands, end of quarter 351,644 351,770 number.. ._ 351,489 2 !" 62 New orders cars io" I Shipments73 67 50 33 1 37 24 ! 8 38 Total cars 30 73 50 67 24 | 33 1 37 8 Domestic -_ _ cars.. 38 30 Unfilled orders, end of quarter j 3264 3465 number.. » 125 2 s Quarter ended in month indicated. Revised. 2, 152 2,154 2,152 457 563 416 402 998 1, 106 1,015 1,002 2, 145 2, 402 2,147 2,262 1, 022 532 2 1,007 1,221 578 2 930 1,062 556 2 898 1,116 511 841 11,267 2, 288 985, 829 12, 367 2,390 850,918 12, 650 2, 111 755, 820 11,320 2,542 805. 262 8,480 3. 359 5, 121 8,067 3,371 4, 696 7, 509 2, 822 4,687 7, 525 3,112 4,412 14,816 69, 957 13, 323 38, 822 14, 944 32, 284 19,414 25, 487 5, 245 88, 372 4,818 55, 366 4, 320 40, 103 3, 720' 27, 593 549. 287 127, 153 10, 510 596, 699 143, 049 16, 084 293, 931 77, 153 32, 405 121,194 35, 819 43, 227 7, 128 2, 7C7 6, 485 2, 541 7,198 2,679 6, 171 2, 351 3.96 60 3.86 59 3.89 62 3.76 68 122.8 116.8 111.8 113.2 2 2, 265 489 465 487 488 75, 030 33, 302 45, C69 15, 974 29, 806 17, 395 45, 570 26, 248 153, 046 6.8 823 144, 987 6. 5 1, 306 140, 594 6.3 794 137, 386 6.2 1, 079 2,274 211,831 2,274 211, 550 2,272 211,221 2,270 210, 890 5,940 5, 934 5, 348 5, 348 5, 066 5, 059 6, 785 6, 785 10, 802 17, 230 14, 247 2, 983 22, 759 19, 161 3, 598 28, 696 25, 050 3,646 3i 079 4 9 4,585 4, 562 4,515 4, 450 8.2 161 34 216 8.2 118 2 156 8.1 165 193 8.0 177 18 226 56, 287 2, 540 56, 342 2 537 56, 380 2,535 56,410 2, 533 77 5 68 56 81 58 80 56 35 ! a 136 i i ! 189 46 242 54 300 64 354 77 234 36 193 291 41 243 343 44 291 420 44 367 13 32 3 51, 777 13 72 41 41 66 66 72 69 35 35 3587 53 SURVEY OF CURRENT BUSINESS July, 1931] MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey May PUBLIC UTILITIES— Continued Transportation— Continued Steam railways— Continued. Financial operations — Net operating income. thous. of dolls. . Operating revenuesCanada thous. of dolls.. United StatesTotal thous. of dolls.. Freight .thous. of dolls.. Passengers thous. of dolls.. Operating expenses thous. of dolls. . Net operating revenue, Canada thous. of dolls.. Freight cars— Car-loadings— Total -thous. of cars.. 3,736 Coal and coke thous. of cars.. 611 Forest products thous. of cars.. 165 Grain and grain products thous. of cars.. 180 Livestock thous. of cars_. 106 Ore thous. of cars _ 80 Merchandise,!, c. Lthous. of cars.. 1,097 Miscellaneous .thous. of cars.. 1,496 Car surplus (daily average, last week of mo.)— Total cars . 615 924 Box - ...cars.. 306 319 Coal .cars.. 238 504 Operation results— Freight carried 1 mileCanada ...mills, of tons__ United States, .mills, of tons.. Passengers carried 1 mile-millions.. Receints per ton-mile cents.. FINANCE Agricultural Finances Loans outstanding, end of month: Federal land banks mills, of dolls.. Federal intermediate credit banks mills, of dolls. . Joint-stock land banks . mills, of dolls. . Revised. Febru- January ary Decem- Novem- October Septem- August ber ber ber July June May April March 39, 074 45, 906 27, 264 33, 849 49, 372 62, 069 112, 251 104, 078 95, 604 82, 750 68, 883 30,613 26, 788 28, 141 33, 450 35, 474 42, 093 44, 340 38, 804 38, 071 38, 995 37, 845 376, 149 291, 289 47, 150 291, 582 336, 632 257, 521 46, 455 272, 116 365, 900 277 014 53, 349 294, 082 377, 933 280, 909 55, 443 297, 606 398, 786 311,042 48, 710 299, 301 483, 455 385, 684 52, 368 326, 286 467, 469 363, 473 59, 092 320, 131 466, 370 354, 713 67, 432 327, 204 457, 025 347, 293 65, 805 331, 562 444, 848 331, 647 67, 146 334, 638 463, 130 354, 326 60, 406 351, 780 3,112 121 424 5,910 7,579 11,408 11,435 5,619 5,702 5,486 369, 652 283 711 47, 272 290,618 69, 174 4,107 2 4, 593 740 265 2,986 486 130 2,940 555 138 2, 838 584 138 3,491 817 156 2,784 638 121 4,127 852 174 3,818 733 159 3,725 638 162 4,670 769 207 3,556 557 160 3,719 579 199 151 85 29 899 1,206 153 79 23 886 1,105 165 842 997 196 124 26 997 1,175 143 94 22 820 946 190 140 92 1,133 1,546 163 129 154 966 1,514 189 108 195 944 1,490 304 106 284 1,179 1,821 233 80 245 899 1,382 166 86 250 967 1,472 188 117 255 1,210 1,820 602 832 282 315 251 679 621 509 298 837 252 825 650 964 324, 938 253, 515 646 750 336 577 240 292 706 538 380* 603 251 358 580 498 304, 100 213, 752 402 637 23o' 705 126 935 394 032 202' 398 139 416 431,971 232, 896 141, 721 454 815 232 235 165, 499 465 464 246 622 163 396 441, 503 233, 664 148, 873 28, 710 2,104 29, 960 1,758 1,074 1 951 27, 079 1,747 1 049 2 016 2 239 30, 314 29, 026 1,915 2,015 1.015 1 1 052 2,633 32, 295. 1,828 1.050 3 096 39, 292 1 959 1 063 3 562 36, 220 2, 253 1 081 2,268 37,421 2,634 1.040 2, 131 35, 580 2, 567 1 071 2 538 34,419 2, 513 1 063 2, 213 36, 956 2, 197 1,071 1,184 1,185 1,187 1,187 1,187 1,187 1,188 1,189 1,190 1,191 1,192 1,193 1, 194 131 536 138 138 198 128 130 132 126 1^3 123 92 569 572 Banking Bank debits: Canada .mills, of dolls_. New York City mills, of dolls. .~"25~072" Outside New York City.__mills. of dolls. . 18, 858 Outside New York City_._rel. to 1923-25.. 95 6 Brokers' loans, end of month: By N. Y. F. R. member banks mills, of dolls.. 1, 539 Ratio to market value percent _ 3 37 Total mills of dolls 1 435 Deposits, New York State savings banks, end of mo . - . . . .. .mills, of dolls.. 5 083 Federal reserve banks: Bills discounted . mills, of dolls . 174 Notes in circulation _ _ . ...mills, of dolls.. 1 580 Reserve ratio per cent-84.9 Reserve ratio . rel. to 1923-25 110 7 Total deposits mills, of dolls.. 2 442 Total investments mills, of dolls.. 724 Total reserve - .mills, of dolls 3 413 Federal reserve member banks: Net demand deposits mills, of dolls 13 605 Total investments _ mills, of dolls 7,807 Total loans and discounts..mills. of dolls. . 14,730 Interest rates: Call loans, renewal percent 1.45 Federal land banks .per cent.. 5.63 Intermediate credit banks per cent-4.00 New York Federal Reserve Bank (dis.) _. percent 1.50 Prime bankers' acceptances per cent.. 2.00 Prime commercial paper (4-6 months) per cent-2.13 Prime commercial paper (4-6 months) _ rel. to 1923-25 49.4 Time loans, 90 days percent-1.75 Business Failures Firms (United States): Total commercial number 2,248 552 Manufacturers number. _ Trade establishments number-1, 570 Agents and brokers number. . 126 By groupsManufacturers— Total , number 552 12 Chemicals .number.. Foodstuffs number. _ 43 Leather number. _ U Liquors and tobacco number-Lumber number.. 65 Printing and engraving. number.. 27 Stone, clay, and glass number. _ 9 Textiles number 78 Metals number 50 All other number. . 250 2 1930 1931 88 2 96 540 544 548 550 553 567 560 563 565 111 567 2,786 26, 821 19, 620 99.5 2,570 27 589 19, 421 98.4 2,535 20 948 17, 084 86.6 2,668 24, 557 21, 697 110.0 3,012 29, 001 22, 113 117.2 2,974 22, 490 19, 700 99.9 3, 618 30 781 23, 693 120.1 2,967 27 383 21, 253 107.7 3,802 25, 052 20, 966 106.3 3,094 29 600 23, 171 117.5 3,398 37 690 24,648 124.9 1 730 3 40 1 651 1 875 3 58 1 909 1 798 3 22 1 840 1 734 3 30 1 720 1 926 3 86 1 894 2 111 4 06 2 162 2 512 4 65 2 556 3 063 5 79 3 481 3,110 5 31 3 559 3 228 5 49 3 689 3 219 5 83 3 728 4,022 6.33 4, 748 5 059 5 018 4 928 4 888 4 792 4 666 4 658 4 662 4 591 4 572 4 559 4,505 157 250 198 232 251 275 207 272 215 272 1 424 81.8 106 4 2 455 724 3 174 1,489 81.4 105. 9 2, 436 719 3, 195 2 3,427 37, 423 24, 388 123. 6 2 313 1 535 84.0 109 2 2 434 761 3 334 1 486 82.6 107 4 2 506 723 3 296 1 478 83.7 108 8 2 399 708 3 244 1 494 82.2 106 9 2 448 735 3 243 1 664 73.7 95 8 2 517 1,100 3 082 1 455 80.3 104 4 2 422 780 3 115 1 368 82.2 106 9 2 465 771 3 149 1 379 79.7 103 6 2 532 813 3 118 1 374 81.1 105 5 2 423 779 3 079 200 1 342 83.4 108 5 2 447 '714 3 160 13 664 7' 903 14, 993 13 748 7' 551 15, 382 13 614 7 igs 15,464 13 680 6 843 15, 753 13 999 6 693 16, 263 13 908 6 800 16, 516 13 830 6 731 16, 764 13 812 6 4^4 17, 013 13 629 Q 338 16, 830 13 798 6 291 16, 945 13 740 6 120 16, 960 13, 388 5,889 16, 837 1 52 5.63 4.00 1 55 5.63 4.00 1 50 5.63 4.00 1 57 5.63 4.00 2 23 5.63 4.00 2 00 5.63 4.00 2 00 5.63 4.00 2 19 5.63 4.06 2 21 5.63 4.13 2 20 5.' 61 4.17 2 62 5.58 4.55 3.12 5.58 4.83 1 50 1.50 2 00 1.50 2 00 1.44 2 00 1.56 2 00 1.88 2 *0 1.88 2 50 1.88 2 50 1.88 2 50 1.88 2 50 1.88 2 50 2.13 3. CO 2.50 2.38 2.50 2.63 2.88 2.88 2.88 3.00 3.00 3.00 3.25 3.50 3.75 87.0 3.50 2 55 2 2 00 58 0 2 13 61 0 1 88 66 8 2 13 66 8 2 25 68 8 2 13 69 6 2 50 69 6 2 63 69 6 2 63 75 4 2 75 81 2 2 88 2 386 515 1,710 158 2 604 '582 1,843 179 2 563 583 1,831 149 3 316 611 2,541 164 2 525 537 1,834 154 2 031 448 1,447 136 2 124 499 1,474 151 1 963 434 1,395 134 1 913 566 1,234 113 2 028 '425 1,481 122 2 026 507 1,393 126 515 582 583 ^37 448 499 7 35 15 14 54 20 12 97 566 9 35 14 8 65 16 425 11 37 501 5 27 8 10 71 18 14 71 434 en 7 13 37 14 9 72 15 4 96 611 5 37 23 9 61 9 45 8 6 85 22 7 nc 5 29 14 4 94 21 13 57 28 222 43 221 9 38 12 6 75 10 5 78 55 227 2 7 79 52 282 54 269 10 32 17 6 76 21 11 124 44 270 9 34 14 6 77 15 12 85 34 251 34 190 34 211 53 30 197 14 29 21 11 98 19 7 55 33 279 '? 81 20 9 51 45 160 2 2,179 501 1, 530 148 54 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may be found in the 1931 Annual Supplement to the Survey 1931 May April March 1930 Febru- January ary Decem- NovemOctober SeptemAugust ber ber ber July June May FINANCE -Continued Business Failures— Continued Firms (United States)— Continued. By groups— Continued. TradersTotal number Books and paper number-Chemicals and paints. .. number. _ Clothing number . Foods and tobacco __ __number _ General stores number.. Household ikirniture number-All other number.. Firms (Canada) number-Liabilities (United States): Total commercial . thous. of dolls. . Total commercial rel. to 1923-25 Manufacturers thous. of dolls Trade establishments thous. of dolls. _ Agents and brokers thous. of dolls.. Liabilities (Canada) -- - -thous. of dolls. . 1,570 19 108 905 401 88 357 302 196 1, 710 18 98 351 451 109 297 386 204 1,843 28 107 400 411 152 358 357 213 1,831 19 93 381 438 131 407 362 253 53,371 125.9 18,506 25, 069 9,796 2,775 50, 868 120. 0 18, 719 26, 386 5, 763 3,638 60, 387 142.4 21, 072 30, 348 5,967 3,752 59, 608 140.6 25, 304 30, 852 3,452 3,014 94, 608 223. 1 47, 633 43,071 3,904 4,215 1,121 2, 541 j 15 117 633 476 i 220 571 509 ' 296 ! 1,834 15 114 444 461 138 290 372 295 1,447 11 111 261 393 104 245 322 237 1, 474 18 94 250 398 108 253 353 214 1,395 12 98 257 341 93 247 347 175 1,234 11 78 270 329 67 201 275 167 1,481 21 73 268 403 83 235 398 183 1,393 13 93 264 365 73 259 326 156 1,530 18 73 300 395 69 286 389 2179 83, 683 197.4 19, 948 28, 853 35, 382 6,994 55, 261 130.3 19, 438 21,217 14, 606 2,958 56, 297 132.8 17, 989 22, 096 16, 212 2,532 46, 947 110.7 16, 448 19, 311 11, 188 2,664 49, 181 116.0 24, 735 17, 829 8,617 2,939 39, 826 93.9 13, 369 21, 572 4,887 2,997 63, 131 148.9 26, 273 22, 825 14, 033 2,707 55, 541 131.0 23, 133 21, 285 11, 123 2 2, 624 2601 Dividend and Interest Payments Grand total mills, of dolls. _ Dividend payments: Total - -mills, of dolls. . Industrial and miscellaneous mills, of dolls . Steam railroads mills, of dolls. Street railways mills, of dolls Interest payments - .mills, of doHs - 560 749 594 521 292 314 311 285 521 213 33 8 268 236 38 9 435 236 46 217 45 9 239 386 56 16 601 284 : 713 579 763 524 424 916 721 281 277 320 228 197 373 329 2339 221 39 14 429 212 250 44 11 443 184 30 7 296 153 37 7 227 278 54 13 543 235 40 2 249 237 392 262 8 302 39 Net Corporation Profits Grand total, 10 groups mills, of dollsTotal public utilities mills, of dolls- j . Industrial and miscellaneous— | Total mills, of dolls. -i Automobiles, parts and accessories | _ .mills, of dolls -i Machinery mills, of dolls..! Metals and mining __ mills, of dolls.- 1 Oil mills, of dolls— Miscellaneous mills, of dollsSteel and railroad equipment mills, of dolls- 1 Class I railroads. mills, of dolls. _| Telephone mills, of dollsOther large public utilities mills, of dolls- 3683 3341 3 775 3288 3805 3329 2126 3 116 3204 3276 331 331 3 16 329 337 72 40 10 3 34 30 39 34 347 343 36 38 35 38 324 366 22 71 3226 368 3 273 335 3283 365 «223 353 8200 370 3259 3 574. 905 3 6, 383 3560, 424 3 6, 184 3540, 826 3 5 866 3507, 774 3 5, 555 3 235, 306 s 3, 272 3233, 414 3 3 190 3212,311 3 3, 096 3207, 869 3 3, 087 3147,440 3 2 451 3 15. 68 3143,221 3 2 345 3 16. 20 3132,479 3 3 026 3 18 60 3131,357 3 2, 106 3 18. 57 8 *107 369 3 16 Stockholders American Telephone & Telegraph Co.: Domestic number-Foreign number..] Pennsylvania R. R. Co.: Domestic number-Foreign -- . ..number.U. S. Steel Corporation (common stock): Domestic number-Foreign numberShares held by brokers p. ct. of total- . Foreign Exchange Rates America: Argentina Brazil Canada Chile Asia: Japan India Europe: Belgium England France Italy Netherlands Sweden Switzerland dolls, per gold peso— dolls, per milreis— dolls, per Canadian doll— dolls, per paper peso. . dolls, per yen-dolls, per rupee.dolls, per franc.. dolls, per Ib. sterling- . dolls, per franc.. dolls, per liradolls, per guilder. _ dolls, per krone-dolls, per franc . .707 .067 .999 .121 .765 .073 1. 000 .121 .780 .079 1.000 .121 .719 .086 1.000 .121 .697 .091 .998 .121 .494 .361 .494 .361 .494 .361 .494 .359 .139 4.86 .039 .052 .402 .268 .193 .139 4.86 .039 .052 .401 .268 .193 .139 4.86 .039 .052 .401 .268 .192 .139 4.86 .039 .052 .401 .268 .193 15, 662 15, 573 15, 474 6,332 1,544 4,788 6,330 1,547 4,783 6,323 1,555 4,768 1, 134 1,605 2,660 495 5,894 1,120 1,578 2,651 487 5,836 2, 300 2,273 .756 .096 .999 .121 .781 .781 1.001 .121 1.001 .121 .818 .101 1.001 .121 .825 .100 1.001 .121 .821 .109 1.001 .121 .845 .114 1.000 .121 .872 .118 .998 .121 .494 .359 .496 .359 .496 .360 .496 .360 .494 .360 .494 .360 .494 .361 .494 .360 .494 .361 .139 .140 4.86 .039 .052 .403 .268 .194 .139 4.86 .039 .052 .402 .268 .194 .139 4.86 .039 .052 .403 .269 .194 .140 4.86 .039 .052 .403 .269 .194 .140 4.87 .039 .052 .403 .269 .194 .140 4.87 .039 .052 .402 .269 .194 .140 4.86 .039 .052 .402 .269 .194 .140 4.86 .039 .052 .402 .268 .194 15, 392 15, 293 15, 217 15, 120 15, 024 14, 926 14, 837 14, 736 14,648 6,312 1,555 4,757 6, 303 1,554 4,749 6,270 1,561 4,709 6,244 1,562 4,682 6,223 1,563 4,660 6,213 1,571 4,642 6,200 1,572 4,628 6,171 1,573 4,598 6,160 1,575 4,585 1,108 1,572 2,648 485 5,813 1,106 1,545 2,633 478 5,762 1,104 1,531 2,637 475 5,747 1,101 1,526 2,640 469 5,736 1,095 1,521 2,638 465 5,719 1,089 1,488 2,622 449 5,648 1,085 1,473 2,621 437 5,616 1,079 1,450 2,617 436 5,582 1,073 1,441 2,600 417 5,531 1,064 1,414 2, 594 398 5,470 2,241 2,212 2,169 2,127 2,098 2,062 2,041 2,018 1,992 1,965 \ j i ' 4.85 ; .039 ! .052 i .402 i .268 .194 Life Insurance (Association of Life Insurance Presidents) Admitted life insurance assets (10 cos.): Grand total. ._ _ mills, of dolls.. Mortgage loansTotal... .mills, of dollsFarm mills, of dolls _ All other .mills, of dolls — Bonds and stocks (book value) : Government _ mills, of dolls.. Public utility mills, of dolls _ Railroad _. mills, of dolls.. All other mills, of dolls.. Total .mills, of dolls.. Policy loans and premium notes mills of dolls 2 Revised. 3 Quarter e nded in Daonth ind icated. SURVEY OF CURRENT BUSINESS July, 1931] 55 MONTHLY BUSINESS STATISTICS—Continued Earlier data for items shown here may \ be found in the 1931 Annual Supplement to the Survey \ May FINANCE— Continued 1930 1931 April March Febru- January ary Deeem- No^n-j October Septem- August ber July June May ! Life Insurance— Continued Amount of new insurance (44 cos.): Group mills, of dolls 72 Industrial mills, of dolls _ 236 Ordinary mills of dolls 6,73 Total insurance mills, of dolls.. 981 Policies and certificates, new (44 cos.): Group thous. of certificates. _ 35 Industrial thous. of policies-845 Ordinary thous. of policies-289 Total policies and certificates, .thousands. . 1, 169 Premium collections (44 cos.): Annuities thous. of dolls.. 25, 175 Group thous. of dolls 8,037 Industrial thous. of dolls. . 59, 884 Ordinary thous. of dolls.. 175, 562 Total thous. of dolls . 268, 658 Sales of ordinary life insurance (Life Insurance Sales Research Bureau): Canada, total, 15 cos thous. of dolls.. 41,314 United States, total thous. of dolls.. 724, 206 Eastern manufacturing district thous of dolls 313, 038 Far western district___thous. of dolls. _ 68, 663 Southern district thous. of dolls.. 81, 95S Western agricultural district thous. of dolls. . 98, 861 Western manufacturing district thous. of dolls.. 161, 689 Gold and Silver Gold: Domestic receipts at mint fine ouncesExports thous. of dolls Imports thous. of dolls.. Monetary stocks of U. S., daily average mills, of dolls.. Rand output fine ounces.. Silver: Exports thous. of dolls.. Imports thous of dolls Price at New York dolls, per fine oz__ Production — United States __ thous. offineoz . Canada thous of fine oz Mexico thous. of fine oz Stocks, end of monthUnited States thous. of fine oz Canada _ _ .thous. of fine oz 99 235 691 1,025 62 247 720 1,028 104 209 599 912 78 214 596 888 131 229 753 1,112 59 208 593 861 52 244 620 915 138 210 545 894 73 234 622 929 130 248 715 1,092 107 312 726 1,144 91 230 776 1,098 59 865 301 1,225 28 881 321 1,230 731 247 . 1,039 eo 44 ! 750 231 1,026 59 794 319 1,172 28 741 253 1,022 35 847 261 1,143 46 722 229 996 39 805 245 1,088 74 896 270 1,241 52 1,163 267 1,482 46 848 924 1,188 12, 682 8,398 53, 854 183, 992 258, 926 11,919 8,790 ,62,920 i86, 452 ^70, 081 12, 430 8,748 56, 388 166, 759 244, 325 19, 615 10, 741 9,591 10, 108 62, 659 112, 666 170, 497 191,871 254,005 ; 333, 743 7, 094 7,269 58, 108 154, 473 226, 944 6,917 7,944 55, 851 165, 954 236, 666 5,016 7,220 59, 859 147, 907 220, 002 5,797 6, 508 58, 961 150, 754 222, 020 7,047 8,480 54, 602 170,847 240, 976 5,359 7,615 59, 522 166, 190 238, 686 58, 459 175, 397 247, 945 45, 648 754, 002 46, 945 770, 440 40, 180 647, 140 41,188 628,607 49, 874 795, 642 46, 868 653, 131 46, 019 685, 755 39, 643 603, 102 37, 061 685, 864 49, 829 779, 184 55, 355 822, 437 50, 085 860, 068 327, 077 70, 943 82, 930 343, 745 73, 579 77, 628 289, 757 60, 094 64, 009 280, 066 324, 635 61,589 ! 86, 291 65,329 91, 922 279, 651 65.011 72, 189 285, 594 71, 961 77, 196 238, 909 68, 520 69, 724 275. 228 77, 450 80, 858 319, 321 82, 955 89, 284 330, 948 87, 114 94, 384 350, 430 88, 667 99, 406 102, 396 101, 945 86, 439 82, 754 117,117 90, 178 97, 300 89, 779 99, 276 114, 929 121, 170 130, 005 170, 656 173, 543 146, 841 138, 869 175, 677 146, 102 153, 704 136, 170 153, 052 172, 695 188, 82] 191, SCO 95, 133 628 50, 238 93, 612 27 49, 543 85, 091 26 25, 671 87, 717 14 16, 156 94, 476 54 34, 426 109, 907 36 32, 778 113,430 5,008 40, 159 152, 648 9,266 35, 635 125, 871 ] 1,133 13, 680 112, 395 39, 332 19, 714 115,119 41,529 21, 889 90, 764 26 13, 938 76, 786 82 23, 552 4,767 4,711 882, 000 4,682 910, 998 4,656 839, 937 4,622 914, 576 4,583 908,492 4,553 884, 735 4,520 926, 561 4,503 903, 176 4,496 921, 081 4,532 912, 652 4,528 887, 867 4, 505 916, 213 2, 099 2,636 .277 3,249 2,439 .283 2,323 1,821 .292 1,638 1,877 .268 3,571 2,896 .294 3,472 2,660 .326 4,102 2,652 .359 4,424 2,270 .358 3,903 3,461 .363 4,544 3,492 .352 3,709 3,953 .343 3,336 2,707 .346 4, 988 3, 486 .307 2,532 1,836 2 2, 831 2 1, 139 9,567 2 3, 528 1, 431 6,511 3,187 1,772 6,944 3,480 1,932 8,751 3,713 2,043 8,481 3,738 1,412 8,712 3,816 2,291 8,889 3,780 3,486 9,154 3,835 2,685 7,755 3,551 2,100 7,905 3,969 1,485 10, 276 4,293 2,714 796 1,851 702 2960 179 956 216 649 217 813 341 677 410 459 312 737 441 348 844 1.485 1J423 713 1,509 2 2 2792 ! 694 1 6, 086 8,003 1, 585 9,080 Public Finance Customs receipts thous. Expenditures chargeable to ordinary receipts thous. Government debt, gross, end of month mills, Total ordinary receipts thous. United States money in circulation mills, of dolls.. 27, 463 81, 798 31, 807 28, 107 28, 808 30, 764 36, 365 39, 319 36, 655 32, 083 26, 200 72, 170 51, 722 of dolls.. 285, 892 432, 366 720, 236 191, 425 413, 796 364, 540 244, 651 375, 244 308, 221 224, 117 284, 310 416, 799 230, 997 of dolls.. 16, 527 of dolls.. 124, 405 16, 655 148, 208 16, 583 433, 301 16, 231 118, 614 16, 163 125, 605 16, 026 717, 092 16, 185 120, 362 16, 180 147, 813 16, 081 602, 811 16, 188 127, 388 16, 176 138, 741 16, 185 803, 495 16, 399 173, 243 4,679 4,647 4,590 4,598 4,695 4,823 4,528 4,501 4,492 4,476 4,483 4,489 4,497 80.48 97. 68 66.70 80.91 82.54 80.86 96.11 68.15 80.06 84.03 82.29 96.31 70.83 79.59 86.58 82.06 96.41 70.72 79.00 86.39 81.98 96.59 70.98 78.14 86.54 78.96 92.89 68.61 75.54 82.78 81.10 94.63 70.53 77.32 85.85 82.49 95.85 71.63 78.92 87.49 84.26 95.83 76.13 79.49 88.32 82.93 94.25 76.33 76.82 86.94 81.43 92.83 75.43 74.99 85.09 81.10 91.36 75.60 74.78 84.91 81.20 90. 42 84.49 99.89 81.01 106. 84 100. 12 85.30 105. 77 100. 15 88.03 105. 37 100. 27 86.67 104. 85 99.57 84.56 104. 23 99.54 81.53 105. 53 99.68 84.05 106. 41 100. 08 86.08 106. 06 100. 96 88.25 105. 84 100.41 90.99 105. 23 99.81 91.12 105. 44 99.10 90.62 105. 28 92.01 104. 92 5.10 3. 38 3.80 3.85 4.33 4.98 3.39 3.89 3.90 4.27 5.01 3.40 3.95 4.03 4.27 4.99 3.33 3.92 4.05 4.25 5.12 3.34 4.05 4.12 4.41 4.97 3.32 4.00 4.06 4.32 4.89 3.34 3.94 3.99 4.25 4.85 3.37 3.97 3.97 4.25 4.87 3.38 3.97 4.01 4.29 4.92 3.37 4.05 4.08 4.36 4.92 3.37 4.10 4.14 4.41 4.92 3.41 4.11 4.18 4.45 .88 4.44 4.43 1.49 4.46 4.43 1.38 4.48 4.41 1.06 4.54 4.44 1.24 4.56 4.43 1.48 4.61 4.55 1.40 4.57 4.46 1.74 4.53 4.41 1.84 4.55 4.41 1.53 4.59 4.43 1.83 4.63 4.49 1.89 4.67 4.53 2.41 4.68 4.54 9,485 5.43 7, 235 5.68 2,015 5.66 3,590 5.36 4,520 5.81 29, 877 5.75 9,965 5.74 6,635 5.61 13, 890 5.89 1,938 5.46 16, 425 5.99 11,093 6.20 3,813 5.93 265" 8, 650 110 1,475 2,000 1,250 1,200 175 4,400 340 28, 972 9,300 3,050 600 2,300 675 250 10, 050 1,400 3,395 5,665 198 3,035 500 1,943 1,700 3,135 210 1,000 630 1,500 1.090 1,250 2,850 850 530 27. 945 1,595 5.120 2,000 1,210 1. 975 10, 500 1, 475 165 300 1.388 480 10, 725 2. 590 1,110 6,648 of dolls. . Stocks and Bonds BONDS Bond prices: Combined price index p. ct of par, 4% bond Highest-grade rails.p. ct. of par, 4% bond.. Industrial p. ct. of par, 4% bond.. Public utility p. ct. of par, 4% bond-Second-grade rails.p. ct. of par, 4% bond-Bond prices, 1st of following month: 50 domestic bonds p. ct. of par.. 40 representative issues p. ct. of par.. 5 Liberty bonds p. ct. of par.. Bond yields: Industrial (15) per cent.. Liberty and Treasury bonds per cent.. Municipal (15) per cent.. Municipal bond yield (20) per cent.. Railroads (15) _ _ _ per cent U. S. Treasury notes and certificates, 3-6 mos.__ per cent.. Utilities (15) _ _ ..per cent.. Total, 60 high grade per cent Long-term real-estate bonds issued : Grand total thous of dolls Interest rates ..per cent.. Kind of structure— Apartments thous. of dolls.. Hotels thous. of dolls.. Office and commercial. thous. of dolls.. Purpose of issueAcquisitions and improvements thous. of dolls.. Finance construction thous of dolls Real-estate mortgage—thous. of dolls. _ 2 Revised 5.24 3.32 3.75 3.74 4.27 265 9,220 2 250 1.555 76.35 75. 36 99.23 100 88 '} 025 56 SURVEY OF CURRENT BUSINESS [July, 1931 MONTHLY BUSINESS STATISTICS—Continued 1931 Earlier data forjitem.8 shown here may \ be found in the 1931 Annual Supplement to the Survey May 1930 Febru- January ary Decem- Novem- October j Septem- August ber ber i April March 215.74 172.4 74 97 107.2 36.38 237. 52 189.8 84 55 120.9 40.49 235. 29 188.0 92 03 131.6 44.00 214. 18 171.1 90 38 129.2 40.69 212. 34 169. 6 82 00 117.2 38.09 227. 60 181.8 90 23 129.0 42.12 62 04 240. 49 191.1 97 30 139. 1 43. 44 63 54 109.2 87 3 169 8 121 6 97 2 188 9 119.8 104 7 177 9 112.3 100 4 163 4 109.4 93 5 157 9 116.7 102 1 167 4 127 6 110 9 187 0 100 3 150. 5 227 6 117.4 111 8 178.6 268 2 128.6 110 3 174.0 237 3 120.4 103 4 161. 7 202 5 106. 2 101.9 169. 7 177 0 100. 3 108 5 195.8 214 9 101.2 50 0 86 2 79 4 127.1 57 5 89 9 95 7 136. 9 54 4 86 4 90 8 133.2 50 6 78 4 | 82 1 127.2 54 9 78 i 79 9 123. 0 109.4 125. 1 125. 8 120.4 74.1 67 5 52. 6 86 1 52 2 84.5 78 2 51.5 102 9 58 2 90. 7 77.4 52. 2 101 2 55.3 61 3 76 1 144 3 July June May FINANCE— Continued Stocks and Bonds— Continued STOCKS Stock prices, average daily closing: 25 industrials, average dolls, per share_. 193. 75 25 industrials, average rel. to 1923-25_. 154.8 25 railroads, average __ dolls, per share 65 89 25 railroads, average rel. to 1923-25.. 94.2 103 stocks, average dolls, per share-31. 39 Southern cotton mills dolls, per share. Stock prices, average weekly closing: All industrials (404) rel. to 1926 98 0 All railroads (33) rel to 192C 76 8 All utilities (34) rel to 1926 156 4 Industrials, rails and utilities (337) _rel. to 192G 89 4 Agricultural implements ( 4 ) _ _ rel. to 1926. . 140.3 Airplanes (10) rel to 1926 202 3 Automobiles and trucks (13) . _rel. to 1926.. 110.0 Automobile tires and rubber goods (7) rel. to 1926 46 4 Chain stores (17) rel to 1926 88 8 Copper and brass (9) rel to 1926 66 7 Food, other than meat (20). ..rel. to 192G.. 117.7 Machinerv and machine equipment (10) rel. to 1926_88.7 Oil producing and refining (16) ... rel. to 1926 . 63.2 Railroad equipment (9) - rel. to 1926 57 1 Rayon (5) rel. to 192G_. 48.6 Steel and iron (9) rel to 1926 72 1 47 4 Textiles (30) . rel. to 1926 Theaters, motion pictures and amusements (7) rel. to 1926 44 3 Tobacco and tobacco products (10) rel to 1926 137 3 Traction, motor transportation (9) CO. 8 Stock sales, N. Y. Stock Exchange thous. of shares 46 661 Stock yields: Preferred high-grade industrial (20) per cent 5 71 Total common (90) per cent 5 95 Industrials (50) ..per cent6 23 Public utilities (20) per cent-4.42 Railroads (20) per cent 7 91 282.92 226.0 110 16 157. 5 47.40 65 70 282. 81 225. 9 110 38 157.8 55. 92 68 96 282. 64 225.8 113 69 162. 6 56. 98 71 92 284. 36 227.2 113 84 176.7 54. 84 74 91 327. 04 261. 3 123. 59 187.6 64. 73 77.76 148 8 122 6 16 4 147 6 121 2 212 7 149 3 124 2 215 4 152 8 124 5 223 5 170.5 136. 0 250.0 117 8 211.7 269 6 108.0 139 3 265. 3 391 1 132.5 138 7 268. 5 400 9 134.1 139 8 285. 5 405 7 132.2 143 1 311. 1 418 1 134.0 160.1 374.8 530.3 151. 7 56 0 81 7 90 8 126.4 52 5 88 1 92 6 133.5 65 5 95 6 114 4 149. 8 72 0 90 1 121 3 147.2 76 8 88 7 129 1 149.4 84 0 89 5 134 6 148. 7 99.4 96.5 151. 0 159.5 9 116.9 120.3 134. 4 154. 1 152. 3 154.5 152.1 169.8 89.1 i 74 1 53.8 89 8 i 52.5 87.8 72.9 58. 2 91 6 51.0 96.9 76.8 67.9 99 5 54.9 106.4 82 0 64.6 115 4 58 2 125.4 95 6 71.4 138 1 67.2 129.7 93 4 65. 8 138 4 66. 0 132.9 94 3 72.0 140 6 67 1 133. 1 98 8 73.7 146 4 68. 5 147.9 109.7 80.9 163. 3 76.7 80 2 69.4 66. 7 77.7 87 8 112 4 106. 1 111 9 119.4 143 8 137 4 131 5 125 6 129 2 136 8 152 6 149 2 146 6 145 2 61.9 67. 1 66.3 63. 1 63.3 67.9 72.3 74.6 72.7 74.1 54, 335 65, 494 64, 145 52, 543 58,764 51, 946 65, 497 53, 545 39, 870 47, 746 76, 593 5 59 2 5 43 2 5. 69 4.04 7. 12 5 54 4 95 5. 17 3.60 6 75 5 61 5. 12 5.35 3.89 6.29 5 66 5. 50 5.73 4.26 6.56 5.77 5.62 5.79 4.37 7.05 5 62 5.43 5. 69 4. 10 6.46 5 52 5 05 5.39 3.64 5.98 5.48 4.33 4.60 3.04 5.45 5 53 4.42 4.69 3.12 5.50 5 56 4.44 4.77 3 04 5 41 5 52 4 50 4.91 2.92 5.43 11, 748 2,700 34, 166 4,345 35, 875 3,475 13,900 45, 170 3,236 20, 000 2,526 111,552 12,547 20, 150 8,485 7,150 2,365 1,000 12 930 7,300 4,056 46, 993 27, 522 ! 144. 5 158.9 75.3 | I 82.1 78, 040 5.48 4.02 4.42 2.50 5.03 New Security Issues Bond sales (Canada): Corporation thous. of dolls Government and provincial thous. of dolls Municipal thous of dolls Bond sales (U. S.): CorporationTotal thous. of dolls Class of industryIndustrial thous. of dolls.. Land and buildings thous. of dolls. . Oil thous. of dolls Public utilities thous. of dolls.. Railroads thous of dolls Shipping and miscellaneous thous. of dolls Purpose of issue — New capital _ thous. of dolls. _ Refunding thous. of dolls Type of securityBonds and notes thous. of dolls. . Stocks thous. of dolls _ Bond sales on N. Y. Stock Exchange: Miscellaneous thous. of dolls.. Liberty— Treasury thous. of dolls.. Total thous. of dolls Foreign governments thous. of dolls. . Foreign loans in the United States thous. of dolls States and municipalities: Permanent loans . thous. of dolls. Temporary loans thous. of dolls ! 12, 690 250 590 156, 678 401, 229 88,226 580,706 187, 644 141, 855 213, 795 346, 887 189, 866 428, 762 512,678 927, 376 4,850 96, 932 82, 400 2, 925 69,173 21,889 10, 562 44, 605 10, 273 84, 714 45, 920 55, 953 154, 845 10,415 2 000 210,025 22 500 7,577 4, 940 305, 661 6,000 3,765 2 053 101,393 200, 018 6,405 30, 002 8,021 1,500 ; 324,108 116,778 175,004 14, 250 15, 365 4, 250 89, 738 7,600 8,740 35, 750 104, 642 5,000 15,615 3,101 172, 243 76, 254 48, 071 41,516 22, 070 625 234, 465 62, 632 15,383 66,000 i 172,091 !i 178,467 7.599 23, 932 604, 486 60, 435 24,785 31,080 64, 266 12,000 800 35, 568 11,600 2, 630 4,725 14, 340 15, 058 72, 501 9,363 63, 050 169, 360 81 230 267, 471 189, 207 269, 030 132, 199 74, 251 13, 975 399, 848 180, 872 6,772 180,858 i 137, 622 4,233 151,148 62, 647 284, 570 62, 317 121,516 68, 350 402, 281 26, 481 445,363 i 864, 042 63, 334 67, 315 190, 065 60, 525 354, 969 101, 709 391,758 9,471 61, 460 26, 766 535, 404 45, 302 114, 135 73, 509 123,417 18, 438 183, 659 30, 136 285,112 61, 775 132, 193 57, 673 358, 332 70, 430 357, 723 154,955 i 493,736 433, 640 221,256 14, 431 235, 687 215, 661 12, 127 227, 788 238, 298 8, 723 247, 021 174, 535 19,911 194, 446 247, 308 16, 809 264, 117 250, 707 15, 055 265, 762 182, 906 6,640 189, 546 9,500 264, 357 7,773 272, 130 221, 327 9,631 230, 958 52, 900 167, 584 4,951 172, 535 2,680 183, 716 10,112 193, 828 42, 100 218, 500 11,789 230, 289 103, 250 220,131 7,064 227,195 79, 781 50, 000 46, 000 13,791 8,707 9.% 657 22, 377 5,662 103, 545 59, 650 19,680 73, 738 187,855 \ 129, 751 167, 163 Mll,386 2 2279, 327 2119,589 C4, 994 250, 436 19, 358 2198,598 49, 977 69, 697 97, 703 76, 531 93, 982 80, 422 158, 380 81, 222 79, 578 76, 501 98, 514 26, 406 111,657 153, 068 153,699 69, 742 142,448 24, 614 19, 646 19, 684 20, 040 19, 836 19, 873 19, 848 19, 772 19,811 2,900 Tax-Exempt Securities Total end of month 2 Revised. mills of dolls " _ __ ! EXPLANATORY The Survey of Current Business is designed to present each month a picture of the business situation by setting forth the principal facts regarding the various lines of trade and industry. The figures are very largely those already in existence. The chief function of the Survey is to bring together those data which, if available at all* are scattered in hundreds of different publications. A portion of these data are collected by Government departments, other figures are compiled by technical journals, and still others are reported by trade associations. The Survey of Current Business computes the indexes on total stocks, new orders, agricultural marketings, crop marketings, and unfilled orders based on available data. SOURCES OF DATA The sources and inclusiveness of the data appearing in the table "Monthly Business Statistics" will be found noted in the 1931 Annual Supplement to the Survey of Current Business, and the sources of the weekly data are given on page 4 of the February 5, 1931, issue of the Weekly Supplement to The Survey of Current Business. HISTORICAL DATA Monthly data on all the various series carried in the Monthly Survey will be found in the 1931 Annual Supplement to the Survey, running back seven years and in some cases eight years. Data previous to that included in the 1931 Annual Supplement will be found in the monthly Surveys prior to 1924. RELATIVE AND INDEX NUMBERS To facilitate comparison between different important items and to chart series expressed in different units, relative numbers (often called "index numbers," a term referring more particularly to a special kind of numbers described below) have been calculated. The monthly average for 1923-1925 has usually been used as a base equal to 100. The relative numbers are computed by allowing the monthly average for the base year to equal 100. If the movement for the current month is greater than the base, the relative number will be greater than 100, and vice versa. The difference between 100 and the relative number will give at once the per cent increase or decrease compared with the base period. Thus, a relative number of 115 means an increase of 15 per cent over the base period, while a relative number of 80 means a decrease of 20 per cent from the base. Relative numbers may also be used to calculate the approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative number at one month is 120 and for a later month is 144, there has been an increase of 20 per cent. When two or more series of relative numbers are combined by a system of weightings, the resulting series is denominated an index number. The index number, by combining many relative numbers, is designed to show the trend of an entire group of industries, or for the country as a whole, instead of for the single commodity or industry which the relative number covers. Comparisons with the base year or with other periods are made in the same manner as in the case of relative numbers. SEASONAL ADJUSTMENTS TO INDEXES Seasonal variations are found in most series of economic statistics for which monthly values are obtainable. Consumption and production of commodities, interest rates, bank clearings, railroad freight traffic, and many other types of data are marked by seasonal swings repeated with minor variations year after year. These, in so far as they exist at all, are definitely periodic in character, with a constant 12-month period. In cases where an adjustment is noted for a series carried in the Survey, the index has been corrected for number of working or business days in the various months and then adjusted for seasonal variation. The index figures thereby become comparable throughout the series. METHODS OF USE Methods of using and interpreting current business statistics have been collected by the Department of Commerce from many business concerns and are described in a booklet entitled "How to Use Current Business Statistics," together with methods of collecting statistics. This booklet may be obtained from the Superintendent of Documents, Government Printing Office, Washington, D. C., at 15 cents per copy; In your survey of current business abroad do you use Commerce Reports COMMERCE REPORTS is more than a foreign-trade periodical. It not only gives you reports and cables of exports, imports, and reexports; it also gives you estimates for crop acreages and yields, figures for the output of industries, and news of foreign shipping, railways and communications, tariffs, public and private finance, legislation and movements affecting various commodities and activities, and general economic conditions. Editors, economists, bankers, and other students of business barometers constantly use COMMERCE REPORTS to keep informed as regards developments that not only indicate opportunities for foreign traders, or the lack of them, but also in a large measure influence the financial and trading situation in the United States. In these days, particularly, they use it—for now, probably more than at any other time in history, the situation overseas is of the utmost importance to American business men and investors. The postman will bring you COMMERCE REPORTS each week for 52 weeks if you remit $4—the annual subscription price—to the Superintendent of Documents United States Government Printing Office, Washington, D. C., or any district office of the United States Department of Commerce U. 9. GOVERNMENT MINTING OFNCKs l«*t