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JULY

1935

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
V O L U M E 15

NUMBER 7

The usual SEMIANNUAL j^BVISION
of material has been made in this issue. A list of the series added and the series
dropped is given below. A cumulative table of all the new series added since the
publication of the 1932 Annual Supplement through the month of May 1935 was
shown on the inside front covers of the March and May 1935 issues; so this list completes the tabulation through this issue. ((The changes made were held to a minimum
in view of space limitations. The publication of the Annual Supplement early in 1936
will permit the elimination of most of the footnotes in the monthly issues and allow
some expansion in the data carried. ({The pages indicated for the new series refer to
this issue, except where noted, while the pages given for the discontinued series refer
to the June 1935 issue.
DATA ADDED

Page

Home Owners' Loan Corporation, applications received and loans closed
25
Advertising, Printers' Ink indexes of general, farm
paper, magazine, newspaper, outdoor, and radio
advertising
25
Radio advertising, an "all other" classification
added to include series dropped
25
Magazine advertising, an "all other" classification
added to include series dropped
25
Factory employment, indexes for durable and nondurable goods industries-27
Factory pay rolls, indexes for durable and nondurable goods industries
29, 30
Wheat, wholesale price, No. 1, dark, Spring, Northern, Minneapolis
43
Lumber, production, shipments, and stocks, total
for all regions and for hardwoods and softwoods-_ 48
Electric household refrigerator sales
53
Paper, total, book paper (coated and uncoated), fine
paper and wrapping paper, orders, new and unfilled,
production, shipments, and stocks, and in addition for book paper percentage of potential capacity
- _ - - 54
Structural clay products (common brick, vitrified
paving brick, and hollow building tile), shipments
and stocks
56
Consumption of apparel-class wool (scoured basis),_ 58
Cotton yarn, wholesale price, 40/is, Southern, spinning
57
Rayon deliveries
58
DISCONTINUED

DATA

Real estate market activity*
25
Advertising:
Radio broadcasting cost: Building materials,
clothing and dry goods, confectionery, financial, house furnishings, machinery, paints and
hardware, radios, shoes and leather goods,
soaps and housekeepers' supplies, sporting
goods, stationery and publishers, and miscellaneous
.
25

DISCONTINUED

DATA—Continued

Page

Advertising—Continued
Magazine advertising cost: Building materials,
clothing and dry goods, confectionery, financial, garden, house furnishings, jewelry and
silverware, machinery, office equipment,
paints and hardware, radios, schools, shoes
and leather goods, soaps and housekeepers'
supplies, sporting goods, stationery and books,
travel and amusement, and miscellaneous._ 25
Employment, banks, brokerage houses, etc*
28
Pay rolls, banks, brokerage houses, etc.*
30
Rice, shipments from mills, New Orleans
40
Wheat, wholesale price, No 1, Northern, Spring,
Minneapolis *
41
Petroleum:
Mexico, crude production and exports
43
Venezuela, crude production and exports
43
Northern hardwoods, production and shipments*—. 45
Northern hemlock, production and shipments*
46
Iron, steel, and heavy hardware, sales index*
46
Aluminum, wholesale price, No. 1, virgin, 98—99
(N. Y.)*
49
Copper, wire cloth, make and hold-over orders*
50
Paper series on production and shipments, which
were prorated from American Paper and Pulp
Association data, including series of total paper,
paper board, writing, wrapping, and "all other"
grades. Also series on orders, production, and
shipments of book paper and the Bureau of the
Census series on shipments and stocks of paper
board. (See the new series added in this section)* _ 50-51
Cotton yarn, wholesale price, 40/ls, Southern,
spinning *
53
Imports: Burlaps, fibers, buttons, total and from
the Philippines, shells, total and mother-of-pearl,
and tagua nuts
54
Taxicab production*
55
Canadian business statistics—inspected slaughter
of cattle and calves, swine, and sheep and lambs,
detailed series on bond issues and stock prices. _ _ _ 56
Series marked with an asterisk (*) were discontinued by the reporting
source; others were dropped for space reasons.

ANNUAL SUPPLEMENTS were not published in 1933, 1934, and 1935 . . .
It is important, therefore, that the special tables published in the SURVEY giving the back
data on the new and revised series be retained for reference purposes. In the 1936 SUPPLEMENT
it is planned to carry monthly data for the years 1932 to 1935, inclusive; monthly averages will
be shown for earlier years.



UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CLAUDIUS T. MURCHISON, Director

SURVEY OF
CURRENT BUSINESS
Prepared in the

DIVISION OF ECONOMIC RESEARCH
H. GORDON HAYES, Chief
M. JOSEPH MEEHAN, Editor

Number 7

JULY 1935

Volume 15

CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1931-35
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Forest products
Iron and steel
Textiles

Page
2
3
4
5
6
7
8
9
10
11
12
13
14
15

SPECIAL ARTICLE
Railway and Public Utility Bond Defaults, 1929-34

16

STATISTICAL DATA
New and revised series:
New series: Printers' Ink indexes of general, farm paper, magazine, newspaper, and radio advertising; wool consumption
(apparel class); sales of domestic household refrigerators.... 19, 20
Revised series: Rubber, world total stocks, world total afloat and
afloat to the United States
20
Postal receipts (resumption of publication)
20
Weekly business statistics through June 29

21

STATISTICAL DATA—Continued
Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byprod nets
Leather and products
Lumber and manufactures

38
41
41
45
47
48

Metal and manufactures:
Iron and steel
Machinery and apparatus
Nanferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics

49
51
52
53
55
56
57
58
60

General index

Subscription price of the SURVEY OF CURRENT BUSINESS is 31-50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, $3, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C.
143854—35
1



Page
22
23
24
25
27
31
36
37

Inside back cover

SURVEY OF CURRENT BUSINESS

July 1935

Business Indicators
1923-25 = 100
INDUSTRIAL PRODUCTION

INDUSTRIAL PRODUCTION

160

160

1OO

100

MINERALS

(Adjusted)*

MANUFACTURES
/(Adjusted) 9

4O iiinl
160

100

FACTORY EMPLOYMENT AND PAYROLLS

EMPLOYMENT
*^

i

CONSTRUCTION CONTRACTS AWARDED

1OO

(Adjusted,

lT

200

J^*'»'*»*-*'*

40
"-PAYROLLS

(Unadjusted)

TOTAL FREIGHT CAR LOADINGS

100

1OO
Unadjusted

40

FREIGHT CAR LOADINGS L. C. L.
16O

16O

Unadjusted-.

Adjusted

^-^

111 i 111111111J11111

! I I I I I I I I t I I II

Adjusted
i
4O 1 1 1 1 1 1 1 1 1 n

I I I ! I I II I I I 1 1 i l l I I I i I I I I I

DEPARTMENT STORE SALES
200

1OO

WHOLESALE PRICES

160

1OO
ALL

COMMODITIES

40
PRODUCTS
VALUE OF EXPORTS

VALUE OF IMPORTS
2OO

20O

1OO

1OO
Adjusted

1 1 It I III I I 1

1 1 I ) 1 1 1 1 LI 1

1 1 1 n li MI i 1 1 1 1 1 1 1 1 1 11

!,,,„

BANK DEBITS OUTSIDE NEW YORK CITY
2OO

FEDERAL RESERVE MEMBER BANK LOANS'1
16O

1OO

100
Unadjusted

1931

1932 1933 1934 1935

9
ADJUSTED FOR SEASONAL VARlATfON



* REPORTING MEMBER BANKS

SURVEY OF CURRENT BUSINESS

July 1935

Business Situation Summarized

B

USINESS activity during June has been steady,
with production resisting the seasonal decline,
retail sales improving, and freight-car loadings expanding. This trend has been influenced to some
extent by special conditions, particularly the exceptionally high rate of coal production. Electric-power
production, however, has increased in June and the
automobile industry has been reporting a well-sustained demand for cars which has kept the industry
operating w^ell above the 1934 level. Lumber production has recovered part of the loss experienced in
May. The trend of activity in the steel industry
has continued downward during June. Further improvement in residential building was revealed by
the June statistics.
The index of industrial production declined only 1
point in May to 85, or 5 points below the year's high.
The decline in the index of manufacturing production
reflected the reduction in automobile assemblies, as
well as declines in a number of other leading industries. Some of the industries reporting improvement
in May were the machine tool, cement, wool manufacturing, rayon, steel furniture, sugar refining, and
illuminating glassware industries. While the increase
in tobacco manufacturing was less than seasonal,
production in this industry remains at a high level.
Conditions in the silk and cotton textile industries
continue depressed.

The declining trend of manufacturing production
in May was accompanied by a recession in factory
employment and pay rolls, these declines being the
first experienced since last November. There was a
net decline in employment in the industries surveyed
monthly by the Bureau of Labor Statistics, but these
losses were offset by gains in employment on farms
and public construction so that it is estimated that
the total volume of employment was at least as high
in May as in April.
Declines predominated among the retail sales
indexes for May, although the index of departmentstore sales increased. The seasonally adjusted indexes
of rural general-merchandise sales and departmentstore sales increased in June. The adjusted index of
freight-car loadings also advanced in June.
Statistics for recent weeks reveal a further increase
in bank reserves, the gains resulting principally from
the heavy inflow of gold from abroad. Excess reserves
of the member banks have exceeded 2}£ billion dollars,
with little effect on the volume of outstanding bank
loans. The growth in demand bank deposits continues, but the turn-over of the deposits has tended
to decline. The capital markets have given further
evidences of improvement, with money flowing more
freely. Security markets have been strong, with the
large excess reserves and prevailing low rates offering
support to the bond market.

3

Year and month

1

I

|
G
1

S

>»

Adjusted 2

el
»*

<~ fl

1
V

I

<M

3
C
03

%

t

i

j!

1

Merchandise, 1. c. 1.

Total

rt~

»S
P

M

W3

f

Department
Foreign
store sales, trade, value,
adjusted 2
value

1
1
<

•d
4a
«J
3

t

I

i
01

3
A
8
&

1
I

1
H
W

£
I

126
105
89
61
79

128
106
90
60
80

116
102
84
65
77

122
102
87
60
78

86
104
87
67
79

105. 4
94.9
80.3
63.7
62.9

112.9
95.4
73.4
46.8
42.7

iUi>

1U?

101
87
59
77

97
79
53
55

96
79
54
55

10/
101
92
74
67

1U4
98
89
71
65

U>9
105
97
72
67

109
105
97
72
67

108
90
57
37
32

122
86
55
34
32

134.3
123. 6
103.2
63.4
58.3

121
105
65
26
16

Monthly
average,
1926=100
94.7
88.8
73.2
64.4
62.7

89
84
73
73
73
75
74
77

89
83
71
71
70
73
73
76

86
87
84
83
87
87
84
85

86
83
76
73
71
73
74
86

86
83
74
72
69
72
73
85

88
87
85
80
82
81
81
90

82.6
81.5
79.5
79.3
73 9
76.8
76.7
78.9

67.1
64.9
60.5
62.2
58.0
61.0
59.5
63.2

63
64
63
63
67
64
60
56

63
64
61
59
59
57
59
64

67
65
64
65
67
66
65
62

65
65
65
65
64
63
64
66

77
70
51
60
79
82
83
135

77
74
73
77
75
73
74
78

45
50
48
49
48
45
45
43

47
44
43
39
43
39
47
41

71.5
74.8
70.5
68.0
65.3
73.3
68.0
79.6

26
26
27
27
29
31
31
31

73.7
74.6
74.8
76.4
77.6
76.5
76.5
76.9

88
91
90
89
88

87
91
90
91
88

91
92
90
79
87

90
89
88
86
85

90
88
86
86
85

94
96
97
87
89

80.5
SI. 9
82.4
82.3
81.3

64.1
69.1
70.7
70.8
68.5

58
61
62
59
61

64
65
65
61
61

61
63
65
65
65

65
65
64
63
63

59
61
71
79
76

74
75
82
73
76

45
47
48
46
46

51
48
49
49
52

76.4
66.8
80.3
79.8
79.4

27
28
26
27
25

78. 8
79.5
79.4
80.1
80.2

67
85

66
84

73
87

61.0
79.9

39.7
62.8
68.6

51
61
60

30
47
46

28
43
50

54.9
68.4
76.5

17
37
27

60. 8,
73. 3
79.6,

Monthly average, 1923-25=100

1929: May
1930: May
1931: May
1932: May. ..
1933: May
1934:
May...
_ .June
July
August
September. . _ _ _.
October
November _ _ .
December __
1935:
January
. ._ _
February
March
.
April

May
Monthly average, January through May:
1933
_
1934

Wholesale price index, 784
commodities

Unadjusted 1

Freight-car loadings

Construction contracts, 2 all
types, value, adjusted

Factory employment
and pay rolls

Industrial production

Bank debits outside New
York City

MONTHLY BUSINESS INDEXES

81.7
1935
89
89
88

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

65
66
64

57
68
69
2

Adjusted for seasonal variation.

SURVEY OF CURRENT BUSINESS

July J935

Comparison of Principal Data, 1931-35




Y///////A

FIRST S MONTHS
BANK DEB8TS OUTSIDE NEW YORK CITY —

O

50

100

150

REMAINDER OF YEAR

(BILLIONS OF DOLLARS)

200

250

Y////////,
Y/////////////////A

Y/J///////////SA
///////////////////////////A
'
'
»

---++*

CONSTRUCTION CONTRACTS AWARDED — (BILLIONS OF DOLLARS)
1
2
3
4
5

Y////////////////A
STEEL INGOT PRODUCTION

10

20

(MILLIONS OF TONS)

30

4O

50

AUTOMOBILE PRODUCTION — (THOUSANDS OF CARS)

FREIGHT CAR LOADINGS — (MILLIONS OF CARS)

D.O. 8323

SUKVEY OF CURRENT BUSINESS

July 1935

Commodity Prices
HE
average wholesale
Tpricesmovement ofwithout more sensitivecommodity
has been
a well-defined trend in
recent weeks. Prices of the
commodities, which advanced during the first 3 weeks of May,
have subsequently tended to decline, the trend of certain important agricultural prices affected by the crop
outlook being influential in the most recent movement.
The Supreme Court's decision in rejecting as unconstitutional the N. I. R. A. and the subsequent scrapping
of the codes injected an element of uncertainty into
the price structure, but up to the present, evidences of
wide-spread price reductions have been lacking, despite
cuts in individual instances which have been given considerable prominence. The Bureau of Labor Statistics
index of commodities, other than farm products and
foods, remained practically unchanged in the 3 weeks
ended June 15, although possible concessions from established quotations would not be reflected in this index.
Moody's index of the prices of 15 sensitive commodities has declined slowly since May 23, when the high
for the recovery period was reached at 162.1 percent of
the December 31, 1931, prices. The index on June 21
stood at 156.8, approximately the same as on June 1

and 2.2 points below that of June 10, the high for the
month to date. The recession in wheat has been particularly sharp.
Retail prices of foods receded during each of the 3
latest biweekly reporting periods; for the 2 weeks
ended June 4, however, the decline was negligible.
During this 6-week period the prices of meat rose 3.9
percent and of eggs 6.3 percent, while the prices of
dairy products declined 6.1 percent and of fruits and
vegetables 8.1 percent.
Retail prices of department-store articles have tended
downward since early in 1934. The index for June 1
(May in the table below) was 86.1 percent, as compared
with 100 for January 1, 1931, and with 89.6, the high
for the recovery period reached on April 1, 1934.
The cost of living of wage earners, according to the
index of the National Industrial Conference Board, declined during May for the first time since last November. Decreases occurred in each of the major groups
except rents. The index for May was 0.4 percent
below April, 5.5 percent above a year ago, and 15 percent higher than in May 1933, but 16 percent lower
than in May 1929.

Wholesale (Department of Labor)
••*
oo

t- VI

c

is
•o o
&
£
Year and month

I!

II
w

Economic classes

T3
«
1
1

g.

«!

VI

a
o

•o

Groups and subgroups

£
1
1
M

1
3
C
&

£
93
X

a>
QC

%
w
3

I

I!

VI

VI

C

•d

1

I

t»

|
|

1

M5

S-»

(3

S
bfi
fl

•3
a

o&

be
S
n
tJ
G
rt

fc£
fl

be
fl
£
by

0>

£
03
«

•«
fi

£
o>
u

1
o>

rt

$
•a

£ S

A
Vi

3
o>

n
*rS if
fitt
a>
VI
3
O

V

=

z
o

3

T3

|

I

ffS

1
*

s

i

1934
1935

Retail
CM
o
+B
fi
0>

stg
C3.fi

ftrt
«M

q

!
^2

li
1*
Sfe

VI

•d

1

I

Mo.
Dec.
Mo.
Mo.
1930
average, average, average, (Jan. 1,
1909 to 1913=
1923 = 1914 =
1931) =
100
100
100
100

Monthly average, 1926=100

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

Cost of living (National Industrial Conference Board)
.
Farm, combined index, 47 commodities (Department of Agriculture) *

INDEXES OF COMMODITY PRICES

94.7
88.8
73.2
64.4
62.7

94.6
90.1
76.9
70.3
67.2

95.3
87.8
66.5
53.9
53.7

93.0
83.1
69.8
58.1
61.3

102.2
93.0
67.1
46.6
50.2

88.2
82.1
59.6
42.6
52.8

98.0
92.2
73.8
59.3
59.4

111.5
101.3
74.4
56.5
52.3

91.5
87.3
75.1
70.4
66.5

95.5
92.4
80.0
71.5
71.4

94.1
90.2
80.5
73.6
73.2

82.5
80.3
65.3
70.7
60.4

106.7
102.6
87.6
72.5
76.9

94.0
93.5
86.8
74.8
71.7

101.2
93.5
85.0
80.1
77.7

90.7
83.4
67.4
54.3
55.9

82.0
80.4
70.5
64.4
58.9

98.9
97.2
86.9
77.9
72.1

142
134
92
63
68

153
150
121
101
94

93.4
76.8
70.4

73.7
74.6
74.8
76.4
77.6
76.5
76.5
76.9

77.8
78.2
78.2
79.2
80.1
79.2
79.3
79.5

65.1
67.3
68.3
71.6
73.9
72.1
72.2
73.1

73.7
72.9
72.7
72.6
71.8
71.5
71.1
71.0

59.6
63.3
64.5
69.8
73.4
70.6
70.8
72.0

63.9
72.4
74.8
86.0
88.1
85.0
87.2
91.5

67.1
69.8
70.6
73.9
76.1
74.8
75.1
75.3

60.0
62.2
63.4
69.4
76.6
70.0
68.4
69.0

78.9
78.2
78.4
78.3
78.3
78.0
78.0
78.0

87.3
87.8
87.0
85.8
85.6
85.2
85.0
85.1

75.4
75.6
75.4
75.7
76.5
77.1
76.9
77.8

72.5
72.8
73.9
74.6
74.6
74.6
74.4
73.7

87.9
87.1
86.3
83.8
84.1
83.8
84.2
85.1

82.0
82.0
81.6
81.8
81.8
81.7
81.3
81.2

89.1
87.7
86.8
86.7
86.6
86.3
86.2
85.9

73.6
72.7
71.5
70.8
71.1
70.3
69.7
70.0

69.8
70.2
69.9
70.2
70.2
69.7
70.6
71.0

78.6
78.8
79.1
79.6
81.0
80.9
80.8
80.8

82
86
87
96
103
102
101
101

108
109
110
112
117
116
115
114

88.6
88.2
87.9
87.7
87.7
87.4
87.4
87.2

78.8
79.5
79.4
80.1
80.2

80.8
81.5
81.7
82.3
82.4

76.6
77.4
76.6
77.5
77.6

71.2
71.7
71.8
72.3
73.5

77.6
79.1
78.3
80.4
80.6

88.8
87.4
82.8
87.9
83.2

79.9
82.7
81.9
84.5
84.1

81.6
87.9
91.6
94.3
97.0

77.7
77.4
77.3
77.2
77.6

84.9
85.0
84.9
84.6
84.9

79.3
80.4
81.5
81.0
81.2

72.9
72.5
73.0
72.8
73.1

86.2
86.0
85.4
86.3
88.3

81.2
80.7
80.7
80.7
80.6

85.8
85.8
85.7
85.9
86.6

70.3
70.1
69.4
69.2
G9.4

70.7
70.1
69.2
68.7
68.7

81.6
82.4
82.4
83.2
82.9

107
111
108
111
108

119
122
122
124
124

86.8
86.6
86.3
86.3
86.1

60.8
73.3
79.6

66.2
77.0
81.7

50. 3
65.2
77.1

57.7 44.2 39.8 55.9 50.6 66.2 70.4 71.7 62,9 70.3 72.1 77.5 52.4 59.2
73.7 60.1 62.4 66.3 55.2 78.6 86.7 75.3 72.2 88.9 81.4 87.3 75.8 68.9
72.1 79.2 86.0 82.6 90.5 77.4 84.9 80.7 72.9 86.4 80.8 86.0 69.7 69.5

72.2
78.3
82.5

59
82
109

92
107
122

70.1
89.1
86.4

 Revised. See p. 20 of the November 1934 issue.


2

Middle of month.

3 Index is for 1st of following month.

SURVEY OF CURRENT BUSINESS

July 1935

Domestic Trade
influenced
RETAIL sales duringbyMay were irregular, conditions.
to some extent
adverse weather

Improvement was reported in the early part of June,
particularly in lines of seasonal merchandise. In comparison with a year ago, the changes in the available
indexes for May ranged from an increase of 17 percent
in sales of general merchandise in rural areas to a decrease of 4.6 percent in variety store sales. Automobile sales turned downward during the month, partly
due to labor disputes affecting the output of one
leading producer. Reports on automobile sales during
June were generally favorable, indicating that consumer
demand for current models continues strong, notwithstanding the good sales record of the first 5 months of
1935.
Department store sales in May declined less than
usual following the Easter sales expansion, according
to the seasonally adjusted index of the Federal Reserve Board which moved rather erratically for the 3
months March to May, inclusive. However, May
sales were 1 percent lower than in 1934, while for the 5
months ended May total sales were 2 percent higher
than last year. The gain for department stores so far
this year has been less than for all retail sales, since
most of the other major indexes reveal larger increases;
for example, new passenger car sales were valued at 45
percent more than in 1934, chain food store sales were

up 4.5 percent, and rural general merchandise sales
were up 20 percent.
The decline in sales of general merchandise in small
towns and rural areas from April to May, according to
the Bureau's index, amounted to 9.7 percent The
seasonally adjusted index dropped by only a slightly
smaller percentage. Sales of a representative sample
of chain grocery stores in May showed little change in
dollar volume from April to May and an increase of 5
percent over a year ago.
Commercial failures during June have been at about
the same rate as in May, in which month Dun's index
of insolvencies declined following a temporary rise in
April. Failures in May were more numerous than a
year ago, although the amount of liabilities involved
was about one-third less. This reflects the decline in
large failures since there were only 27 failures with liabilities of $100,000 or more each, reported in May. For
the first half of the year the number of commercial failures was 4.7 percent less than in the first half of 1934.
The increase in the volume of newspaper advertising
in May brought the total linage to the highest figure
reported since December 1931. The gain over May
1934, however, was less than in April. The principal
shift indicated by the detailed figures is the decline in
automotive advertising in newspapers, despite the
substantial gain in the sale of such products

DOMESTIC TRADE STATISTICS
Wholesale
trade

Retail trade
Department stores
Stocks 3

Sales

Year and month

Chain-store sales

Unad- Adjust- justed *
ed i

Unad- Adjust- justed*
ed i

Monthly average, 1923-25= 100

1929: May..
1930: May_.
1931: May
1932.* May
1933: May
1934:
May
June.
JulyAugust .
September
.
October
November
December
1935:
January
February
..
March..
April
May
Monthly average, January through
May:
1933
1934
1935

 * Corrected to daily average basis.


rotls

Monthly average, 1929=100

Monthly average, 1929-31 = 100

Unad- Adjust- justed i
ed a

Monthly average, 1923-25=
100

85
80

108.5
97.7
97.0
82.9
78.1

109.5
99.0
80.6
60.6
60.9

116.5
105.3
85.8
64.5
64.8

205.0
141.4
94.3
52.1
59.9

146.0
100.5
67.0
37.0
42.5

99.0
96.6
86.3
76.6
72.2

99.0
96.9
83.2
67.1
53.8

107
101
92
74
67

104
98
89
75
61

66
65
64
64
64
64
65
64

90
92
93
93
95
92
93
94

90.0
86.3
79.7
79.9
85.5
91.3
92.9
163.9

90.0
90.8
89.5
90.3
89.5
90.0
91.5
88.9

74.9
68.3
58.2
68.1
97.9
108.7
110.4
134.2

79.7
72.3
75.5
79.2
98.8
89.1
89.8
94.5

78.1
84,6
73.9
63.1
51.9
47.3
39.2
27.7

55.5
63.5
67.0
56.0
53.0
59.0
63.0
49.0

82.8
82.3
82.2
82.5
83.5
84.3
85.1
85.0

62.6
62.8
63.8
62.7
63.6
64.5
64.2
64.8

67
65
64
65
67
66
65
62

65
65
65
65
64
63
64
66

64
64
63
64

92
96
96
96
92

67.2
75.8
78.1
92.9
85.9

90.2
90.8
93.0
90.6
85.9

72.6
82.0
90.6
97.0
87.6

87.5
90.6
97.4
101.0
93.1

51.5
72.7
100.2
116.7
97.7

75.0
86.5
94.5
78.5
69.5

84.2
84.6
84.0
83.2
83.5

63.9
64.6
65.2
64.8
64.6

61
63
65
65
65

65
65
64
63
63

79
91
94

69.5
80.6
80.0

72.2
81.7
83.7

54.6
61.8
64.6

65
66
64

109
105
97
72
67

101
98
85
69
56

99
96
84
68
55

77
70
51
60
79
82
83
135

77
74
73
77
75
73
74
78

68
63
59
61
67
71
74
60

59
61
71
79
76

74
75
82
73
76

57
61
65
66

2

Employment

108.5
97.7
97.0
82.9
78.1

109
105
97
72
67

57
68
69

Rural sales

New passenVariety stores General mer- ger car sales
Comchandise
bined
index
(18 com- Un ad- Ad- Unad- Ad- Unad- Adpanies) 4 just - just- just- just- just- justed a
ed 2
edi
ed 2
ed i
ed i
Avg. same
mo. 192931=100

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

"54
" 64

"72

Adjusted for seasonal variation.

3 End of month,

52.4
71.8
86.0
4

38.8
60.6
87.0

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

' 4 month's average.

SUEYEY OF CURRENT BUSINESS

July 1935

Employment

T

HE number employed in the industries surveyed
monthly by the Bureau of Labor Statistics turned
downward in May following several months of improvement. This change reflected mainly the slackening rate of manufacturing production and the release
of workers in the retail trade field after the Easter
buying period. Pay rolls also declined and, in the
manufacturing industries, the relative decrease was
larger than for employment with the result that per
capita earnings decreased. There was an increase in
employment on farms and on public construction work
not covered by the Bureau of Labor Statistics indexes,
so that the number of persons actually at work in
May was at least as high as in April.
Factory employment decreased 1.2 percent from
April to May, after adjustment for the usual slight
seasonal decline, while the unadjusted index of pay
rolls dropped 3.2 percent. The May declines were
the first reported since November; for the first 5
months of the year factory employment was higher
than for any comparable period since 1930. Factory
pay rolls for the 5 months were 9.4 percent higher
than in 1934.
The durable goods industries made a relatively good
showing in May, reporting an employment loss of only
0.4 percent. The decline in the nondurable group was
2.6 percent, and the major part of this loss was in the
textile industry.
Of the 46 durable goods industries, 23 reported increases and 23 decreases. Except for 5 of these indus-

tries, declines were all 3 percent or less. The increases
also were relatively small in most industries. Among
the 44 nondurable goods industries, increases in employment were reported for 14, no change for 2, and
declines for 28.
Of the 17 nonmanufacturing industries surveyed, 13
showed increased employment, seasonal gains of 11.2
percent and 9.4 percent, respectively, being reported
in private building construction, and in quarrying
and nonmetallic mining.
Considerable interest has been manifested in the
trend of hours and wages since the abandonment of
the N. E. A. codes. While data are not available to
determine the extent of recent changes, there is a very
evident disposition to maintain standards. Individual
instances of wage reductions and lengthening of hours
have been reported, but their significance in the aggregate cannot yet be appraised.
A number of large employers of labor have recently
revised their pay rates upward. The Ford Motor Co.
announced in May the reestablishment of a $6 basic
daily rate, and similar wage increases by other leading
corporations have not been uncommon. Thus, the
tendency has been for increased business to bring improved wage rates, although in view of the prevailing
high hourly rates in many industries (for manufacturing as a whole the average hourly rate is about as high
as in 1929) a further general advance at this stage of
recovery is not a reasonable prospect.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Nonmanufacturing employment and pay rolls
(Department of Labor)

Factory employment
and pay rolls
Employment
Tear and
month

Pay
roll

Anthracite
mining

EmUnad- AdUnad- ployjusted Justed' justed ment

Pay
rolls

Bituminous
coal mining

Employment

Monthly average,
1923-25=100

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

1933
1934
1935


Power and
light

Employment

Pay
rolls

Telephone
and telegraph

Retail trade

Employment

Em- Pay
ploy- rolls
ment

Pay
rolls

Percent
of total
members

Factory 2

Cents

98.6
98.8
90.8
77.2
72.1

98.2
99.4
86.8
65.5
51.3

89
80
75
69
67

28.90

77.6
77.8
81.1
79.9
79.3
80.6
79.6
78.3 j

70.2
70.4
71.0
71.0
70.9
70.3
69.9
69.7

71.4
71.3
72.3
74.0
72.2
74.9
72.2
73.2

82.9
82.6
79.0
77.8
81.7
82.6
83.7
91.1

61.5
61.4
60.1
58.4
60.6
61.9
61.9
66.2 |

76
75
72
72
75
76
75
73

20.80

82.7
82.2
82.2
82.6
83.2

78.0
78.3
79.4
79.0
79.8

70.5
70.0
69.8
69.7
70.0

73.9
72.9
75.3
73.1
73.7

79.5
79.2
80.2
83.6
82.2

59.7
59.3
60.4
62.5
62.0

74
76
78
79
79

21.61

77.2
82.1
82.6

71.2
75.6
78.9

72.8
70.1
70.0

70.3
69.5
73.8

71.4
81.3
80.9

51.8
60.1
60.8

66
75
77

103.7
93.8
80.3
66.9
43.2

99.0
98.8
76.1
58.0
30.0

96.6
90.4
82.4
62.6
61.2

91.9
77.5
54.4
30.7
26.9

98.4
103.4
97.6
84.0
76.9

82.5
81.1
78.7
79.5
75.8
78.4
76.8
78.0

82.6
81.5
79.5
79.3
73.9
76.8
76.7
78.9

67.1
64.9
60.5
62.2
58.0
61.0
59.5
63.2

63.8
57.5
53.6
49.5
56.9
58.5
60.7
61.6

64.0
53.3
42.3
39.7
47.0
48.3
51.2
52.3

76.7
76.7
77.0
77.1
78.2
79.3
79.8
79.7

54.4
55.1
49.7
50.4
51.4
57.6
58.3
57.0

83.1
84.0
85.0
85.6
85.8
85.8
85.5
83.6

78.7
81.2
82.4
82.4
81.3

80.5
81.9
82.4
82.3
81.3

64.1
69.1
70.7
70.8
68.5

62.9
64.4
51.4
52.6
53.5

57.5
64.3
38.9
49.9
49.5

80.0
81.1
81.6
74.3
75.3

59.6
66.1
67.5
45.0
49.1

39.7
62.8
68.6

52.1
63.4
57.0

43.2
67.4
52.0

66.3
75.7
78.5

31.5
54.1
57.5

98.1
104.5
98.7
84.2
69.9

National Industrial Conference Board.

3

per

Dollars

99.4
103.2
94.1
82.8
68.5

112.9
95.4
73.4
46.8
42.7

Common

labor
Average Average rates3
weekly hourly
earnings earnings

99.7
87.4
80.6
70.1

105.4
94.9
80.3
63.7
62.9

http://fraser.stlouisfed.org/
1
Adjusted for seasonal variation.
Federal Reserve Bank of St. Louis

i00.4

mem-

bers employed

Monthly average, 1929=100

105.3
94.8
80.1
63.4
62.6

60.5
79.3
81.2

Pay
rolls

Wages
TradeUnion

hour
.591
.592
.571
.508
.453

40
40
37
32
33

.586
.586
.588
.588
.592
.593
.594
.594

43
43
42
41
41
41
41
40

21.86
21.93
21.76

.594
.595
.597
.598
.599

39
39
39
40
41

15.86
20.18
21.85

.460
.568
.597

32
40
40

26.71

24.26

17.03
16.83

20.71
19.90
19.58
19.55

20.00
20.12

20.74

22.09

Road building.

SURVEY OF CURRENT BUSINESS

July 1935

Finance
in the stock market
been an
BUOYANCYJune development. hasFollowing outstanding
the
Supreme Court's decision of May 27, which held the
basic provisions of the National Industrial Recovery
Act unconstitutional, stock prices were reactionary for
several days. Since the opening of June, however,
quotations have again advanced to a point where
average prices are close to the 1934 high and indexes
of less representative, but more sensitive stocks, have
passed the 1934 high.
The strength in security quotations has also extended
to the bond market. The Dow-Jones index of 40
bonds, which fluctuated narrowly during May, has
advanced about 2 points during June, from 95 to 97
and is currently only about one-half point below the
high for the recovery period reached last February.
Brokers' loans have moved irregularly during the
recent rising phase of the market. Coincident with
the decline in stock quotations at the end of May there
was some liquidation of brokers' loans, but these have
again turned upward. Loans on securities by member
banks have not fluctuated to any considerable extent,
remaining at approximately $3,000,000,000. "All
other" loans have shown a continued tendency to
decline.
The heavy inflow of gold has continued during June,
resulting in further large increases in our monetary gold
stocks. The outward flow from Europe has slackened,
however, as the financial crisis in France was alleviated
by internal and external developments. Gold imports
in the week ended June 21 amounted to $33,000,000,

compared with $125,000,000 in the preceding week.
For this later period the Bank of France reported an
increase in its holdings of gold. On June 17 the Secretary of the Treasury disclosed that during the period
of heavy strain on the French currency the United
States Treasury had supported the franc with a view
to mitigating the seriousness of a situation which
might have resulted.
During May the Treasury announced that the plan
of issuing securities at only the quarterly financing
periods of June 15, September 15, December 15, and
March 15, had been discontinued in favor of offerings
at such times as funds were needed by the Treasury.
The sale of a block of $100,000,000 Treasury bonds,
bearing a 3 percent coupon, to the highest bidder
inaugurated a new method of offering such issues.
The Treasury also announced on June 13, the refinancing of $269,000,000 of 4}£ percent Federal Land
Bank bonds at lower interest rates.
New security issues during June have continued in
relatively large volume although the issues are mainly
for refunding purposes. Evidences of improvement in
investment markets are definite, not only in the offerings and takings of new securities and in the listed
security markets, but also in the mortgage field where
money is being offered more freely.
According to the daily Treasury statement, the deficit
of the Federal Government for the fiscal year amounted
to $3,575,357,964, the difference between receipts of
$3,800,467,202 arid expenditures of $7,375,825,166.

FINANCIAL STATISTICS

Year and
month

Bank
debits
outside
New
York
City

Reporting member
banks, Wednesday
closest to end of
month i

Loans
on
securities

All
other
loans

Investments

Federal
Reserve
bank
credit
outstanding,
end of
month

Total
banker's acceptances
outstanding,
end of
month

Net
gold
imports
inMoney
cluding
in
gold
circurelation
leased
from
earmark 2

New
York
State

Postal
Savings

Millions of dollars

1929- May
1930: May
1931: May
1932: May
1933: May
1934:
May..
June
July . _
August
September. _ _
October
November
December. _.
1935:
January
February
MarchApril
May




New
capital
issues

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

1926-100 Dollars

Savings deposits

Thous.
of dollars

Dollars

Stock
prices
(421)
Standard
Statistics

Bond
prices,
New
York
Stock
Exchange
(domestic)

6,794
7,941

1,360
1,049
917
2,096
2,218

1,107
1,382
1,413
787
669

39.8
25.5
53.6
-217.7
1.0

4,684
4,497
4.679
5,456
5,876

4,418
4,505
5,083
5, 243
5,113

154
171
325
743
1,180

187.8
170.5
98.0
39.8
62.9

97.21
97.90
94.88
73.57
84.73

1,073,508
989, 922
334, 140
90, 897
43, 594

2.99
2.41
1.48
1.06

4,550
4,485
4,515
4, 555
4,747
4,756
4,688
4,565

9,280
9,723
9,889
9,906
10,017
10, 030
10, 059
10, 575

2,463
2,472
2,462
2,464
2,464
2,455
2,453
2,463

569
534
516
520
539
562
561
543

34.1
64.7
52.9
36.2
-16.3
11.1
120.8
92.2

5, 355
5,341
5,350
5,355
5,427
5, 473
5, 494
5,577

5,090
5,134
5,114
5,054
5,145
5, 128
5, 119
5,154

1,197
1,198
1,190
1,192
1,193
1,199
1,204
1,207

71.8
73.5
71.4
67.8
67.0
67.3
69.4
69.2

92.32
93.16
92.00
91.13
90.05
91.23
91.68
92.57

99, 788
122, 506
216, 645
179. 548
43, 375
121, 903
107,036
140, 941

1.18
1.19
1.21
1.23
1.23
1.24
1.27
1.27

4,537
4,603
4,635
4, 584
4,558

10, 683
10,723
10, 900
10, 993
10, 859

2,461
2,465
2,471
2,468
2,469

516
493
466
413
375

150.5
123.0
12.3
146.3
138.5

5,411
5, 439
5, 477
5, 500
5,507

5,142
5,147
5, 185
5,158
5,152

1,201
1,205
1,203
1,200
1,205

69.7
67.8
63.9
67.5
73.1

93.35
93.35
91. 79
92.95
92.81

92, 097
50,011
108, 079
89, 850
86, 395

1.28
1.29
1.29
1.29
1.29

26, 492

24, 388
18, 858
12, 498
11, 509

4.335
3,713

5,757
4,772

14, 105
14, 754
13, 910
13, 420
12, 888
14, 465
13, 409
15, 701

3,476
3,529
3,358
3,247
3,047
3,051
3,017
3,081

15, 066
13, 181
15, 849
15, 746
15, 655

3,024
2,995
2,974
3.112
3,054

i 91 cities.

2

Net exports indicated by (—).

Percent

6
3M-4
2-2H
2&-3fc
2-2J4

y-

£1
£
y-

y
^
y
y

SURVEY OF CURRENT BUSINESS

July 1935

Foreign Trade
in the
CHANGESExports,foreign trade totals for May were1
minor.
which usually decrease about
percent, were slightly higher in value, while imports,
which usually decline about 6 percent, were approximately the same. For the second consecutive month
imports exceeded exports; the excess of imports in
May amounting to $5,100,000. During the first 5
months of 1935 merchandise exports exceeded imports
by $16,000,000, the smallest balance for this period
since 1926.
The export increase in May resulted from an unusual
rise in reexports of foreign merchandise. Domestic
exports were $1,000,000 less than in April.
Agricultural exports in May were valued at $39,066,000, approximately the same as in April. Although the
May exports of cotton were relatively small even for
this season of the year, they were 4 percent larger in
quantity than during May 1934. Exports of tobacco,
apples, and sugar also dropped to lower levels in May.
All agricultural commodities, other than the four
mentioned above, increased in value from $12,100,000
in April to $15,400,000 in May, or 27 percent.
The decrease in nonagricultural exports was less
than 1 percent, from $121,532,000 in April to $120,723,000 in May. Principal commodities in this
group which declined during May included automobiles, copper, electrical machinery and apparatus, office
appliances, steel-mill products, lubricating oil, lumber,

coal-tar products, and rubber manufactures. The
value of exports of automobiles, including parts and
accessories, decreased nearly $3,500,000 during May;
in the first 5 months, however, exports of automobiles
were $19,600,000 greater in value than in the corresponding period of the preceding year. The decline in
exports of machinery, including electrical apparatus and
office appliances, from April to May was $1,200,000,
but for the 5 months, total machinery exports exceeded
those of the corresponding period of 1934 by $43,000,000. Exports of naval stores, cigarettes, coal, crude
petroleum, gasoline, fuel oil, steel scrap and other
steel manufactures, agricultural implements, chemical
specialties, and fertilizers increased considerably in
value during May.
While the total value of May imports changed
relatively little as compared with April, incoming
shipments of some commodities expanded considerably while others showed sharp declines. Total
imports of agricultural products declined from $92,805,000 in April to $90,199,000 in May, while nonagricultural imports increased from $73,352,000 to
$76,592,000. In the former group, smaller imports
of tropical products such as crude rubber, coffee, and
cocoa accounted for a considerable part of the decline,
although among the more competitive imports, sesame
seed, Cuban sugar, vegetables, butter, meats, and
tobacco dropped off considerably.

EXPORTS AND IMPORTS
Indexes

Year and month

Finished
manufactures

Crude
materials

ExValue Value ports,
of
of
intotal total cludeximing
ports, ports, reexadadports
justed^ justed i

Total
Total

Raw
cotton

Food- Semistuffs, mantotal ufactures

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

- ..

_ .__

._ _

May
Cumulative, J a n u a r y
through May:
1933
1934
1935

..

Imports 2

Exports of United States merchandise

Total

AutomoMa- biles,
chin- parts,
ery
and
accessories

Total

Crude, Food- Semimanmaterials stuffs ufactures

Finished
manufactures

Millions of dollars

108
90
57
37
32

122
86
55
34
32

385.0
320.0
204.0
131.9
114.2

377.1
312.5
199.2
128.6
111.8

57.4
40.7
36.5
29.8
35.0

32.6
19.0
18.9
17.7
26.1

57.1
42.8
29.4
20.0
13.0

59.8
49.9
29.9
18.2
17.6

202.7
179.0
103.4
60.5
46.2

48.1
49.7
26.5
11.3
9.1

43.1
29.3
14.3
7.9
7.4

400.1
179.7
112.3
106.9

141.7
86.6
54.2
28.4
24.9

88.9
76.3
49.6
37.2
40.0

85.9
53.4
30.4
17.2
18.3

83.7
68.4
45.5
29.5
23.6

45
50
48
49
48
45
45
43

47
44
43
39
43
39
47
41

160.2
170.6
161.8
172.0
191.7
208.4
194.9
170.7

157.2
168.0
159.2
169.8
189.2
203.6
192.3
168.5

38.0
47.0
37.2
39.7
66.4
82.9
71.7
54.5

17.6
28.9
20.3
17.8
32.2
43.4
39.2
35.0

16.8
14.9
17.1
22.1
20.1
21.9
18.5
15.7

26.2
27.9
28.8
29.4
29.7
28.8
30.4
30.3

76.2
78.1
76.2
78.7
73.0
70.1
71.7
68.0

17.0
18.6
18.9
20.2
18.8
18.7
20.6
19.1

20.6
20.0
18.4
15.3
14.0
12.4
11.0
12.4

146.9
135.0
124.1
117.3
149.8
137.9
149.4
126.2

42.8
42.6
39.1
34.2
38.6
35.1
40.1
28.8

46.3
39.3
29.1
30.8
57.3
46.8
47.8
47.8

26.9
26.8
27.5
23.0
24.2
26.1
27.4
21.0

30.8
26.4
28.5
29.2
29.6
29.9
34.1
28.6

45
47
48
46
46

51
48
49
49
52

176.2
163.0
185.0
164.4
165.5

173.6
160.3
182.0
160.7
159.8

55.8
45.0
40.5
38.2
36.9

32.2
27.1
21.8
21.8
19.4

16.3
16.3
16.2
12.9
15.4

27.2
25.5
30.8
26.2
26.4

74.3
73.6
94.5
83.4
81.0

18.2
18.8
23.7
22.8
22.2

17.2
20.5
25.0
22.0
18.6

168.6
152.3
175.4
166.2
166.8

43.1
45.2
50.4
45.9
44.4

65.8
51.7
59.3
56.1
55.0

29.6
29.0
35.2
30.7
33.6

30.1
26.3
30.5
33.4
33.9

330
347
346

328
343
350

549.5
865.6
854.0

539.4
850.4
836.3

167.1
253.7
216.4

111.4
156.0
122.2

66.7
97.0
77.0

78.6
136.4
136.1

226.9
363.2
406.8

45.1
83.5
105.7

34.6
86.7
103.3

469.9
694.8
829.3

117.9
201.3

167.1
218.1

76.4
131.4
158.1

108.4
144 0
154.3

1
 for seasonal variations.
Adjusted
http://fraser.stlouisfed.org/
143854—35
2
Federal Reserve Bank of St. Louis

1

284.7

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

287.9

229.0

3

Monthly average.

10

SUEVEY OF CURRENT BUSINESS

July 1935

Real Estate and Construction
improvement in the real
FURTHER evidence of afforded by a recent comestate mortgage field is

now under mortgage to the Corporation. The percentage of loans closed to owned nonfarm homes, by States,
pilation by the Wall Street Journal of the current in- varies from 3.3 percent in Maine to 18.2 in Utah.
vestments of 47 leading life-insurance companies.
The volume of new work placed under contract by
These companies invested as much money in urban private builders, as well as the work actually under
mortgages in the first 20 weeks of 1935 as they did in construction, increased during May. A larger volume
the first 46 weeks of 1934. The percentage of the of contracts was reported by the F. W. Dodge Cortotal insurance company funds going into this field is poration for both residential and nonresidential constill relatively low (7.8 percent in the first 3 weeks of tracts, the gains being partially offset by a decline in
May and about half that percentage in the first 4 public works contracts awarded. The dollar volume
months of the year). In 1929 the percentage of the of residential contracts let in May was about 80 perinvestments of a comparable but smaller group of
cent higher than a year ago, but was about half the
companies placed in urban mortgages was 43 percent. total awards in the corresponding month of 1931.
The experience of the Federal Home Owners7 Loan The seasonally adjusted index of contracts awarded
Corporation since the resumption of the acceptance of
remains near one-fourth of the 1923-25 average.
new loan applications on May 28 for the period of 1
Permit data collected by the Bureau of Labor
month has been quite different from that of last year Statistics from a large group of cities show a trend
before the receipt of applications was stopped on similar to the contract data from April to May, although
November 13. While new applications are being re- these statistics show a large gain over a year ago. New
ceived in considerable volume, the requests on hand residential building made a considerably better showing
June 13 represented a sum equivalent to only a small in May than did the work of repair and renovation.
part of the money available for loan. From May 28
The value of highway work under construction, as
to June 13, 33,545 applications had been received reported by the Bureau of Public Roads, is considerrequesting the sum of $134,249,968.
ably below last year's total. Work has been underLoans closed by the H. O. L. C. have amounted to taken more slowly this year than in 1934, although a
more than 2% billion dollars, and 1 out of every 11 relatively large amount of funds have been set aside
owner-occupied, nonfarm homes in the United States is for this purpose.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE

F. B. B.
index
adjusted^

. . .

__
_

..

Monthly average,
through May:
1933
1934
1935




Residential
building

Num- Milber of lions of
proj- dollars
ects

MilMillions of lions of
square dollars
feet

Public
utilities

Public
works

Maple Oak
floor- flooring
ing

Millions of
dollars

Thousands of Thousands of
feet, board
barrels
measure

Thousands of
dollars

Monthly average, Thousands of
dollars
1913=
100

Realestate
foreclosures

Number

121
105
65
26
16

1929: May
1930: May
1931: May
1932: Mav
1933: May
1934:
May
June
July _
August
September
October
November
December
1935:
January
February
March
April

May

All types of
construction

Monthly
average,
1923-25=
100

Year and month

Highways Conunder
Home
construc- struc- Long- Loan
term
tion
tion
costs, real- Bank,
(National Eng. estate loans
Indus- News- bonds outCetrial
ment Recovery Rec- issued standing
ord 2
Act)

Building-material
shipments

Construction contracts awarded

1

.

January

19, 422
14, 331
11, 506
7,513
9,409

588
457
306
146
77

40.3
23.5
21.9
6.7
8.4

192.0
116.6
88.9
25.6
26.5

47.5
42.7
19.1
3.8
5.6

120.5
111.5
90.5
57.9
13.4

6,674
4,669
3,315
2,325
2,715

45, 837
30, 295
27, 745
12, 939
14, 549

16, 706
17, 224
14,200
8,020
6,709

26
26
27
27
29
31
31
31

9,153
8,368
7,182
7,625
7,666
10, 013
7,505
5,771

134
127
120
120
110
135
112
93

6.2
7.5
4.8
5.0
4.8
7.0
5.3
4.0

24.8
26.6
19.8
18.6
17.9
26.3
19.9
14.6

5.6
13.1
7.9
8.7
6.5
12.6
8.5
12.9

51.2
44.3
31.2
41.9
43.5
52.6
43.8
37.2

4,512
3,573
4,421
4,279
3,386
3,408
3,005
2,668

9,813
7,965
7,713
9,041
9,003
10,095
9,533
6,964

8,784
8,541
7,898
8,249
7,388
8,439
5,674
3,104

288, 460
283,506
267, 509
231, 554
203, 027
179, 453
156, 599
147, 807

199.6
199.6
199.7
198.4
200.6
200.9
201.4
201.9

0
0
400
0
0
0
0
0

86,842
86, 248
85, 723
85, 519
86, 647
87, 446
87, 714
87, 258

16, 680
16, 348
15, 499
15, 462
15, 972
16,723
16, 940
17, 736

27
28
26
27
25

6,458
6,135
8,929
10, 570
16,499

100
75
123
124
127

5.5
4.6
8.8
11.9
13.1

22.4
16.6
32.2
42.2
44.9

8.7
3.9
6.5
7.3
5.4

35.7
23.9
39.8
33.2
26.0

3,302
2,812
2,929
4,148
4,410

8,676
9,015
14, 606
14, 438
18,306

2,846
2,952
4,878
6,198
7,428

145, 639
155, 448
170, 756
187, 675
191,522

198.7
196.0
194.3
194.5
194.1

0
0
0
568
325

82, 685
77, 142
72, 616
74, Oil
75,836

17, 896
15, 319
17, 785
17, 287
17,287

17
37
27

6,130
7,686
8,518

66
145
110

5.1
5.5
8.8

17.1
21.0
31.7

4.6
11.2
6.4

17.4
66.1
31.7

1,774
4,158
3,526

8,422
9,250
13,008

3,990
5,325
4,860

160.1
195.0
195.5

180

242, 208
170.208

21, 050
91, 085
76,438

15, 743
17,115

Based on 3-month moving average and adjusted for seasonal variations.

205.2
205.9
189.3
152.8
164.4

22, 868
3,813
9,485
0
0 38, 932

179

a Index is as of 1st of month, June 1,1935,194.8.

11

SURVEY OF CURRENT BUSINESS

July 1935

Transportation
decreases ranging from a reduction of 1.19 per cent
in the executive, officials, and staff assistants group
a year ago. Prior to the first week in June, last year's to 6.81 percent in the maintenance of equipment and
loadings were exceeded in only 6 of the first 22 weeks stores group.
Net railway operating income in May was $39,of the calendar year. The recent gains are attributable to the sharp increase in coal loadings, as con- 505,000, a decrease of 0.5 percent from May 1934,
sumers have built up stocks in anticipation of a strike but only about two-fifths of the corresponding figure for
in the bituminous industry. For the 4-week period, May 1929. For the first 5 months of this year, net
coal loadings amounted to 126,000 cars weekly, or railway operaging income was 13.9 percent less than
about 25 percent more than for the similar period of during the same period of last year, and during the
first quarter of this year railroads operating 80 perlast year.
Car loadings are currently slightly above 60 per- cent of the total class I mileage failed to earn enough
cent of the 1923-25 volume, which is the approximate to cover taxes and interest on indebtedness. The seriaverage for the past 2 years. The highest monthly ous problem of heavy bond charges is being given
index during these 24 months, 66, was reached in increasing attention, and the reorganization of the
March 1934, and the lowest, 57, in October 1934. capital structure of several roads is under way.
President Roosevelt transmitted a special message
Thus, despite the marked improvement shown during
the past 24 months in various lines of production to Congress on June 7 stating that "it is high time to
which has swelled the volume of freight traffic, deal with the Nation's transportation as a single unified
loadings remain about 40 percent below those of a problem" and that the Interstate Commerce Commisdecade ago.
sion should " ultimately become a Federal TransporThe seasonally adjusted index of railroad employ- tation Commission with comprehensive powers." He
ment, computed by the Interstate Commerce Com- recommended specifically that the present Congress
mission, was 55.1 percent of the 1923-25 level in April provide for the regulation of highway motor carriers,
and May, the lowest point reached since last air carriers, and intercoastal, coastwise, and inland
November when the index was 55.4. In June 1934 water carriers, that the Federal Bankruptcy Act be
the index stood at 57.8, the high since May 1932. amended; and that the Emergency Railroad TransEmployment in May, as compared with May 1934, portation Act of 1933 and the office of the Coordinator
was lower in each of the 7 employment classes, the "be extended for at least another year."
REIGHT-CAR
during the weeks June
Fwere higher thanloadings but were 1.44 percentofbelow
in May

RAIL AND WATER TRAFFIC
Freight-car loadings
F.R.B. index
Year and month

Unad- Adjustedi justed'

Total

Coal

Forest
Coke products

Monthly average, 1923-25=
100

1929: May. ._
1930: May
1931: May
1932: May
1933: May
1934:
May
June.
July
August
September
October..
November
December
1935:
January
February
March
April
May
Monthly average,
January through
May:
1933
1934
1935
1

Grain
Merand Live- chanprod- stock dise Ore
I.C.I.
ucts

Pullman
pasFreight - sencar
Misgers
cel- surplus carlanried
eous
Thousands

Thousands of cars 4

Financial, statistics, class 1
railroads
Operating
revenues

107
96
79
54
55

1, 052. 4
912.7
739.7
522.0
535.8

157.1
135.8
113.9
74.6
80.8

12.6
9.4
6.5
3.1
3.8

69.2
51.9
32.9
18.7
21.0

38.1
37.3
35.8
29.2
37.1

26.5
22.8
20.4
17.1
16.5

263.6
239.8
217.5
182.1
165.6

71.0
55.6
17.3
2.6
7.9

414.4
360.1
295.4
194.5
203.0

223
442
616
751
553

2,590
2,351
1,900
1,270
951

531, 823
457, 570
364, 803

63
64
63
63
67
64
60
56

63
64
61
59
59
57
59
64

611.6
615.6
586.6
605.0
628.5
632.9
588.3
518.4

107.6
100.3
93.2
95.9
116.1
121.0
123.6
122.9

6.8
6.8
4.4
4.1
5.2
5.6
5.4
6.0

25.2
24.6
20.8
22.3
22.0
22.4
21.2
18.3

28.1
34.9
42.7
40.1
34.8
30.6
27.8
25.1

16.3
15.4
22.2
30.9
34.1
28.5
22.5
16.3

165.0
157.7
153.2
159.6
159.3
163.2
160.1
144.2

20.7
33.1
31.3
29.0
24.4
17.1
6.5
3.1

241.8
242.7
218.7
223.1
232.5
244.5
221.3
182.5

355
338
348
359
318
328
381
392

1,122
1,303
1,280
1,403
1,354
1,265
1,131
1,371

58
61
62
59
61

64
65
65
61
61

542.6
581.4
602.9
575.8
581.8

137.6
143.4
136.6
94.7
98.4

7.8
8.6
6.7
5.7
5.8

18.7
25.1
25.2
25.4
25.0

24.0
25.6
26.9
26.9
25.6

14.5
12.4
11.6
12.9
12.9

144.1
152.2
160.8
161.1
159.8

2.7
3.2
3.7
8.6
25.6

193.2
210.9
231.4
240.2
228.6

342
320
300
310
305

496.1
588.2
578.1

96.8
127.5

4.6
7.9
6.9

16.3
22.7
24.0

30.4
28.8
25.9

15.8
15.6
12.8

158.3
161.7
155.8

3.4
7.4
8.6

170.6
216.6
221.4

639
378
315

Daily average basis




2

122.9

Adjusted for seasonal variations.

3

American vessels, both directions.

Net rail Sault New
way op- Ste. York Panaerating Marie State ma 3
income

Thousands of
dollars

109
97
79
53
55

51
61
60

Canal traffic

Thousands of
short tons

Thous.
of long
tons

255, 241

101, 332
67, 793
40, 742
11, 666
41, 043

13,930
11,320
4,335
1,568
3,490

393
402
457
415
542

1,206
1,116
937
662
783

282, 039
282, 779

41,836

39, 699

282, 679
275, 511
292, 903
256, 967
257, 506

35, 221
39, 677
41, 020
48, 625
31, 583
38, 738

5,745
7,901
7,522
6,990
6,145
5,006
2,627
299

550
557
519
627
465
726
559
0

1,008
835
770
976
1,045
1,029
1,015
885

,398
,204
,219
,193
,146

264, 213
254, 940
280, 899
274, 652
279, 549

21, 349
25, 720
37, 851
34, 626

0
0
0
888
5,985

0
0
0
329
554

825
708
961
811

981
1,200
1,232

270,851

251,922

275,984

227,382
269, 424

< Average weekly basis.

39,505

18,984
36,966
31,810
a 4 months' average.

"643
"996
0826

SURVEY OF CURRENT BUSINESS

12

July 1935

Automobiles and Rubber
1935
THE tofirstforhalftheofprofits. has been a satisfactory
period
automotive industry, both in
respect
sales and
The volume of United

the basis of registrations for 4 months) of 47, 59, and
91 percent, respectively. The so-called "independent " companies had an increase of 26 percent, with
States factory sales for this period is estimated at the result that they registered 7.31 percent of the
approximately 2% million vehicles, an increase of 31 total as compared with 9.29 percent in 1934.
While figures on profits for the half year are not
percent over 1934 and of 127 percent over 1933.
June production is expected to hold close to the May yet available, the quarterly reports released forecast
level which was reduced by the strike at certain key substantial improvement over 1934. In the 3 months
plants of one of the leading producers. Since this ended March, 40 companies manufacturing automoparticular company still has a considerable bank of biles, parts, and accessories reported profits of $54,orders to fill and will, therefore, produce more cars 225,000, an increase of 43 percent over a year ago.
during the current month than in May, the June Since second quarter sales of cars were in excess of
those for the first quarter, the improved results are
totals may not record the usual seasonal decline.
expected to be extended for the current period.
Retail sales of passenger automobiles have receded
Increasing attention is being centered on plans for
from the spring peak, but reports of individual com- the 1936 models which will be introduced in time for
panies indicate a relatively strong trend through the New York show on November 2. This prospect,
June, considering the extent to which cars were together with the current trend of sales, has led to
purchased in the earlier months of the year. The optimistic predictions of the probable output in 1935.
Bureau's index of new passenger-car sales, which
In the rubber manufacturing industry, the conmakes allowance for the usual seasonal changes, has sumption of crude rubber continued high during May.
dropped from a March peak of 95 to 70 in May, Domestic stocks of rubber are shrinking rapidly
part of the decline being accounted for by the delay although they are still high, the Eubber Manufacturers'
in deliveries occasioned by the strike. For the year Association estimating a drop during May of 16,000
to date, however, the sales figures make a very satis- tons which reduced domestic stocks to 319,000 tons.
factory comparison with recent years. The increased
The large stocks of pneumatic casings held by
volume of business has gone largely to the 3 leading manufacturers were reduced to some extent during
companies in the field which reported increases (on April, the latest month for which data are available.

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Automobile production
Canada

United States

Year and
month

F.R.B.
index, Total
adjusted 1
Month ly av.,
192325=100

1929: May... .
1930: May
1931: May
1932: May.
1933: May
1934:
May
June
July „
August
September
October
November
December.. 1935:
January
February
March. __
April

May
Monthly average,
January through
May:
1933
1934
1935

Passen- Trucks
ger
cars 3

New passengercar sales

Pneumatic
tires 2

New

New
AdPassen- Trucks passen- comUnadger
ger cars mercial justed justed i
cars

Total

Production

Monthly average,
1929-31=100

Number

Thousands

Crude rubber

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

Long tons

Thousands

142
101
78
45
50

605
420
317
184
214

515
361
271
158
181

88, 510
58, 659
45, 688
26, 539
33, 760

31, 559
24, 672
12, 738
8,221
9,396

28, 417
16, 876
8,468
3,604
5,093

11,496
9,666
4,496
1,505
2,445

453, 981
345, 069
247, 727
131, 282
160, 225

52, 838
43,253
33, 489
18, 688
20, 925

205.0
141.4
94.3
52.1
59.9

146.0
100.5
67.0
37.0
42.5

6,109
4,574
4,543
3,056
4,151

5,185
3,960
4,197
3,325
4,077

44, 310
35,912
34, 792
26, 861
38, 785

51, 186
42, 994
35, 844
34, 323
26, 736

285, 360
406, 137
528, 855
627, 474
626, 537

78
81
78
61
51
41
40
88

330
306
265
235
170
132
83
154

274
261
223
184
125
84
49
111

56, 691
45, 197
41, 839
51,311
44, 967
47, 988
34, 462
42, 563

20, 161
13, 905
11,114
9,904
5,579
3,780
1,697
2,694

16, 058
18, 071
17, 621
12, 522
10, 236
8,040
9,208
8,279

8,612
6,816
6,338
7,305
7,530
7,512
7, 072
7,141

219, 163
223, 642
228, 760
193, 828
146, 931
140, 880
107, 648
75, 514

39, 831
34, 778
37, 490
40, 790
37, 225
40, 878
28, 689
24, 125

78.1
84.6
73.9
63.1
51.9
47.3
39.2
27.7

55.5
63.5
67.0
56.0
53.0
59.0
63.0
49.0

4,323
4,212
3,252
3,427
2,848
3,188
3,241
3,665

5,049
4,956
3,954
4,091
2,993
2,834
3,026
2,921

39, 571
36, 620
30, 035
30, 312
27, 317
28, 526
31,358
32, 996

49, 901
48, 748
42, 674
32, 700
32, 010
29, 240
37, 212
18, 171

689, 239
672, 804
676, 200
674, 702
694, 361
680, 616
684, 408
705, 975

104
105
106
110
86

293
336
430
478
365

229
276
362
402
308

63, 584
60, 076
68, 018
76, 118
57, 199

10, 607
18, 114
21,975
24, 121
20, 765

11, 035
15, 067
20, 986
18, 341
13,604

6,591
6,760
8,820
8,092
6,291

136, 635
170,615
261, 477
319, 652
293,201

34, 759
34, 797
41,511
46, 785
47,968

51.5
72.7
100.2
116.7
97.7

75.0
86.5
94.5
78.5
69.5

4,488
4,251
4,215
4,376

3,469
3,112
4,000
4,908

42, 864
38, 868
38, 997
40, 913
37, 827

40, 523
47, 844
46, 640
41,456
30,705

698, 153
686, 195
678, 809
674, 905
673,290

40
74
102

148
282
380

125
228
315

22, 510
53, 373
64, 999

6,188
13, 636
19, 116

57, 726
12, 253
15,807

2,769
8,611
7,311

101, 652
154, 296
236,316

13,915
31, 997
41,164

38.8
60.6
87.8

3 1, 952 « 2, 066
04,415 « 3, 582
"4,333 0 3, 872

23, 211
39, 102
49,867

25, 976
44, 327
41,434

631,030
667, 935
682,270

i Adjusted for seasonal variations.




Registrations

2

See note on p. 51.

3 Taxicabs included with passenger cars. See footnote on p. 54.

4

See p. 20.

» 4 months' average.

13

SUKVEY OF CURRENT BUSINESS

July 1935

Forest Products
With this issue it has been possible to resume the
publication of statistics on the paper industry which
reduced in May by labor difficulties in the important ceased with the report for December 1933. Owing to
west-coast region. Output has recently been about the shifts in classification in the new report of the American
same as a year ago, the decrease in the strike area being Paper and Pulp Association, it has not been possible
to compute comparable totals for the present so that
offset by increases in most other producing regions.
Both new orders and shipments have continued at the old series might be extended. In the footnote on
much higher levels than in 1934; in the week ended page 54 the ratio of the association's figures to the
June 15 orders received by identical mills were 31 census totals for the year 1934 is given so that adjustpercent higher than a year ago, while shipments were ments can be made by those users who are so inclined.
up 20 percent. The rise in oak-flooring orders has been It may be noted that revised data for 1933 corrected
particularly large in recent weeks, reflecting the rise to the trend of the annual Census Bureau figures have
in residential construction. Orders in the 3 weeks not yet been published in the Survey, although the
ended June 15 were 138, 239, and 208 percent higher, record is now available. The new series are based on
respectively, than in the corresponding weeks of 1934. reports from a large portion of the industry; the
As lumber shipments from the mills have been run- coverage for all types of paper production is 87 percent
ning well ahead of the restricted volume of production, on the basis of the 1934 Census figures.
According to the weekly report of production ratios,
stocks have been reduced, although they are still
regarded as high. As of June 15, stocks reported by the decline in paper output in May was slight. The
921 mills amounted to 4,359,095,000 board feet, or average rate for the 5 weeks ended June 1 was 69.2
about 4.6 times the volume of unfilled orders on hand percent of capacity, compared with 70 in April.
In the week ended June 8, the rate stood at 68.9 percent
as of that date.
The recession in lumber production in May was on the basis of preliminary reports.
The trend of paperboard production in May was the
accompanied by a decline in employment and pay rolls
in the sawmill industry. Eliminating the States of same as for all grades of paper, the rate receding slightly
Washington and Oregon, where the strike was in according to the weekly data. Production of newsprogress, there was an increase over the month's print by United States mills was considerably higher
interval. The pay-roll data also suggest some expan- than in April, the increase being accompanied by a
sion in mill work during the month.
smaller gain in shipments from the mills.
of lumber
increased slightly
PRODUCTIONfrom the level has which the cut was
during June
to

FOREST PRODUCTS STATISTICS
Car
loadings i

Lumber production

Year and month
Total

CaliDoug- South- fornia
ern
redlas fir
pine
wood

Millions of feet, board measure
1929: May
1930* May
1931: May.
1932: May
1933: May. _
_
1934:
May .
June
July
August
September
October
November
__.
December
1935:
January.
__
February
March
April
May
Monthly average January
through May:
1933
1934
1935

Employment

Adjusted i

TurFurni- penture,
tine
and
adjust- rosin,
ed * unadjusted

Pay rolls
Unadjusted

Furniture

Turpentine
and
rosin

Total

Book
paper, Newsunprint
coated

Monthly average, 1923-25=100

258
148
100
116

48
30
18
11
7

92
71
44
24
28

112.4
94.0
77.9
57.9
56.4

96.9
70.7
71.9

109.2
82.2
61.3
31.7
28.8

53.3
34.2
31.2

1,591
1,350
1,111
1,419
1,169
1,193
969
815

132
77
70
144
141
129
123
103

118
108
99
99
98
102
96
79

26
26
21
26
25
28
26
21

33
33
30
29
30
30
30
32

64.5
64.7
64.9
62.8
63.0
61.2
60.7
62.9

102.4
98.6
97.3
98.3
96.2
89.3
92.4
92.9

40.5
41.2
39.3
42.7
44.6
47.2
44.5
45.9

51.4
51.0
50.3
51.3*
52.2
45.1
47.9
50.2

712, 813
645, 602
588, 957
707, 942
637, 172
762, 737
658, 391
618, 648

1,033
1,066
1,139

111
144
145
158

100
102
103
107
107

20
23
23
25
26

31
35
33
33
33

66.4
67.6
70.3
71.1
70.5

95.6
96.3
99.7
99.2
99.0

43.5
47.1
49.7
49.2
47.1

52.7
54.2
52.3
57.9
57.3

759, 837
704, 580
752, 875

»103
»136
"140

91
115
104

12
24
23

22
31
33

52.8
63.4
69.2

67.8
100.3
98.0

25.9
39.5
47.3

29.3
50.7
54.9

»See note on p. 54.

Paper
board

Wrapping
paper

Consumption
b
l
publishers.

Short tons

362
308
207
100
137


* Of forest products.


Newsprint

Paper production 2

123, 659
118, 093
98, 992
86, 963
79, 991

287, 032

84, 973
69, 619
83, 066
73, 243
87, 394
79, 936
74, 427

89, 726
83, 517
76, 184
80, 904
74, 120
80, 562
74, 851
79, 777

223, 478
224, 214
201, 924
246, 266
233, 426
263, 679
227, 733
199, 940

137, 663
109, 568
103, 667
134, 136
111,076
151,019
126, 441
120, 246

193, 088
154, 175
150,. 500
145, 095
151, 900
168,372
172, 287
165, 496

88, 878
86, 989
96, 411
96, 852

80, 576
70, 812
73, 528
74, 891
84, 323

262, 026
251, 870
275, 770
260, 851
262,375

147, 698
135, 078
139, 857

157, 870
169, 816
171, 139
166, 122
201,970

74, 600
81, 456
76,826

231, 922
235, 262
262,578

9 4 months' average.

200, 82®
193, 998179, 836
152,321
160, 77$

131, 992
161, 107
173,383

14

SURVEY OF CURRENT BUSINESS

July 1935

Iron and Steel

WHILE production in the iron and steel industry
continued to decline during May, the change

output in 1934. In the former year output increased
from January to a peak in May and in June declined to
only a moderate extent. Second quarter production
averaged 55 percent of capacity as compared with
41 percent in the first quarter. Output in July, however, was sharply curtailed to only half of the June
rate. In 1935, production rose rapidly to reach a peak
in early February, and has since declined almost uninterruptedly but slowly. For the first 5 months of
1935, output of ingots was 3.4 percent above 1934,
but the June rate of operations indicates a total for the
first half of 1935 about 2 percent less than in the corresponding period of 1934. Actual consumption of
steel in this period, however, was higher than a year ago.
Shipments of finished steel products by the leading
producer were higher in May than in April but were
much below May 1934 because of the abnormal influences mentioned above. Shipments of sheets by independent manufacturers dropped 7 percent as automobile production began to taper off. Similarly, new
orders for sheets were 11 percent below April.
The report of machine tool orders for May was one
of the most favorable released during the recovery
period. Not only was the index up 12 percent as compared with April, but it was within 3 points of the
average for the 15-year period 1919-33. Domestic
orders were the highest since 1930, and foreign orders
were the best since December 1933.

in the seasonally adjusted production index was slight.
During June the recession in production has been
accelerated, according to the movement of the weekly
rate of steel ingot production which by the end of the
month had dropped to 38 percent of capacity compared
with the May rate of 43.53 percent.
The trade reviews regard the slow rate of decline in
ingot production as indicative of a relatively strong
demand, in view of the uncertainty over the price
structure and the seasonal recession in activity in leading consuming industries. By reason of the cautious
purchasing policies pursued in recent months, stock
accumulations are not believed to be an important
factor in the present market. Buyers are looking for
price concessions since the termination of the N.R.A.
code, but so far as quotations are concerned there has
been no important change to date.
Total output of steel ingots in May was about the
same as in April, but the daily average rate of output
declined about 4 percent. Production was 22 percent
lower than in May 1934 when consumers were accumulating supplies in anticipation of price increases
for the third quarter. The June production total will
also show a substantial decline from a year ago.
The movement of steel ingot production during the
first half of 1935 contrasts sharply with the course of

IRON AND STEEL STATISTICS
Iron and
steel

General operations

Year and month

EmPay
Produc- ployEx- Imtion, ment, rolls,
unad- ports ports
adadjusted i justed^ justed

May

Monthly average,
through May:
1933
1934
1935

139
104
67
29
49

102.9
94.4
72.6
53.6
50.4

84
85
47
38
37
41
48
64

74.3
76. 3
71.4
68.8
65.4
65.6
66.4
67.7

79
79
71
66
65
33
69
73

January




Furnaces
in
blast

Production

Number

Thousands
of long
tons

74
54
37
40
26

3,898
3,233
1,994

61.3
62.6
47.6
45.5
41.1"
42.8
44.2
47.6

242
219
233
243
301
220
299
283

29
25
18
32
24
20
35
20

2,043

69.4
70.6
70.8
71.1
71.4

51.9
59.0
59.3
59.4
58.4

263
229
323
205
287

48.1
69.2
70.7

24.9
51.2
57.6

83
207
261

i Adjusttd for seasonal variations.

Steel
Iron billets,
and
New Ship- finished
prodorsteel, Bessemer
ucts,
com- (Pittsders ments shipments posite 3 burgh)

Production

262
195
95
80
123

113.1
97.3
63.7
30.7
29.8

J

219
180
105
53
63
117
89
75
62
62
65
59
69

3, 399

1,930
1,225
1,054
898
951
957
1,028

23
29
21
29
48

1,477
1,609
1,777
1,663
1,727

90
96
98
97
97

2,872
2,778
2,868

24
29
30

635
1,574
1,651

48
100
96

Percent
of
capacity

5,286
3,983
2,552

784
887

United
States
Steel
Corporation,

Steel sheets »

Thousands of long
tons

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

1

Steel ingots

Pig iron

1,125
1,976

3,059
1,489
1,381
1,269
1,482
1,611
1,964

2,641

2,636
1,262

2,668
2,759

Black, blue, galvanized, and full finished.

Thousands of
short tons

Long
tons

Prices

Steel
scrap
(Chicago)

Dollars per long ton

Finished
steel,
composite

Dollars
per 100
pounds

36.00
32.50
29.50
27.00
26.00

15.38
12.50
8.88
6.40
8.45

2.56
2.35
2.21
2.17
2.08

32.39

29.00
29.00
27.40
27.00
27.00
27.00
27.00
27.00

10.95
9.75
9.55
9.19
8.50
8.75
9.25
10.31

2.53
2.53
2.46
2.44
2.44
2.44
2.44
2.44

32. 58

36.53
33.49

100
74
46
20
34

280
205
149
91
144

392
266
192
107
119

1, 203, 916
764, 178
338, 202
455, 302

57
53
27
23
23
25
28
36

246
115
73
66
77
103
133
193

241
302
85
78
73
95
109
142

745, 063
985, 337
369, 938
378, 023
370, 306
343, 962
366, 119
418, 630

32.97

48
52
50
46
44

322
183
193
168
150

206
201
233
202
187

534, 055
583, 137
668, 056

23
47
48

100
214
203

89
181
206

31.07

29.34
28.33
32. 96

32.32
32.24

32.15
32.10
32.15

27. CO

591,728
598,915

32.54
32.36
32.29
32.35

27.00
27.00
27.00
27.00

11.80
11.25
.10. 50
9.85
10.06

2.44
2.44
2.44
2.44
2.44

321, 697
538, 712

31.89

28.03

26.00
26.75
27.00

6.04
11.27
10.69

2.09
2.37
2.44

595,173

32.42

« See table on p. 19 of the January 1935 issue.

SURVEY OF CURRENT BUSINESS

July 1935

15

Textile Industries
downward
in prices
EXPECTATIONS of elimination revisionsindustry's
as a result of the
of the
N. R. A. codes slowed up orders in the textile markets
during the first half of June. Although raw cotton
prices have fluctuated widely, owing mainly to reports
of crop conditions, prices of finished goods in most textile lines have declined only slightly from their May
levels. Production of cotton gray goods declined
during the first half of the current month to a weekly
average of 102,000,000 yards, as compared with about
106,000,000 yards per week in May and 110,000,000
yards in April. Sustained activity in woolen mills
so far this month has reflected the large backlog of
accumulated orders.
The Federal Reserve Board's seasonally adjusted
index of textile production, after remaining unchanged
from March to April at 98 percent of the 1923-25
average, advanced 4 points to 102 in May. The index
for May was higher than a year ago and the June comparison should be favorable in view of the industrywide curtailment of operations in the cotton textile
industry in June 1934.
Daily average cotton consumption in May was about
2 percent lower than in April and almost 10 percent
below May 1934. The decline from April to May
this year was less than the usual seasonal recession,
but consumption for the first 5 months of this year
was lower than in any comparable period since 1932.

The output of silk goods was sharply lower in May,
the contraction being particularly severe during the
last half of the month. Production of both rayon and
silk by concerns reporting to the Throwster's Research
Institute in the 4 weeks ended May 25 was much lower
than in the preceding 4-week period.
In the silk-weaving industry the number of looms
operated during the 4-week period ended May 18
declined 8 percent and average hours run per loom
about 5 percent, as compared with the period ended
April 20. The decline in the output of silk goods was
much sharper than the decline in silk deliveries to the
mills.
Rayon deliveries by the mills in May were 60 percent
higher than in April. This improvement, which was
stimulated by a price reduction, followed several
months of relatively low volume. Rayon is one of the
relatively few major products which so far this year
have been produced in larger volume than in 1929.
Activity in the woolen industry in May was at a
higher rate than in 1929. Production exceeded the
April rate with all types of machines working at a
faster pace, the gain being particularly sharp for
woolen spinning spindles. Daily average wool consumption increased about 11 percent over the AprilMay period and was about 2% times as large as in
May 1934.

TEXTILE STATISTICS
Cotton,
raw

Cotton manufactures

Spindle activity,
total

Monthly average,
1923-25
= 100

Year and month

Production inMill
dex, ad- conjusted i sumption

Running
bales

Millions of
spindle
hours

119
88
97
59
108

668, 650
473, 284
465, 363
332, 372
620, 561

9,164
6,725
6,733
4,592
8,329

88
77
78
80
63
89
87
97

519, 299
363, 262
359,951
420, 949
295,960
520, 310
477, 060
413, 535

7,268
5,241
5,152
5,753
3,716
7,185
6,703
6,027

137,053
106, 741
101,015
113, 209
111,581
134, 38S
126, 726
128, 898

103
100
98
98
102

546, 787
478, 291
481, 135
462, 844
469,250

7,510
6,575
6,663
6,058
6,095

88
90
100

499, 498
512, 366
487, 661

7,005
7,180
6,580

1929: May
1930: May
1931: May
1932: May
,.
1933: May
. .
1934:
May
June
July
August
September
October
November
December
1935:
January
February
March
April
May..
Monthly a v e r a g e ,
January through
May:
1933
1934
1935

Cotton cloth,
finishing

Plain
Print
ble ched goods

Thousands of
yards

Wool

Spinning
spindles
Wholesale
Conprice, sumpcotton
tion 2
goods
Wool- Woren
sted
Month- Thouly avsands
erage,
of
1926= pounds
100

Looms

Nar- Wide
row

Percent of active hours
to total reported

Wholesale
price,
woolen
Delivand
worsted eries to
mills
goods

Monthly average,
1926
= 100

Whole- Deliveries
sale from mills
Spin- price,
ning
raw,
spin- Japan* Undles 3 ese, 13- ad- Ad15 (New just- justed i
York)
ed

Percent
of
Dollars
Bales of
per
133
active
pounds hours pound
to total

98.5
89.0
69.2
52.9
57.9

48, 765
32, 641
44, 966
16, 519
46, 898

82
60
60
30
77

66
52
66
25
72

61
39
45
18
46

67
51
58
28
66

89.2
80.0
68.5
58.3
61.5

49, 121
40, 823
45, 073
32, 923
47, 151

114,803
83, 414
75,833
84,499
90, 772
126, 384
114, 139
107, 379

86.3
86.0
85.1
86.4
87.8
86.6
84,4
84.3

28, 213
26, 213
27, 254
28,495
23, 467
34, 065
44, 858
57,065

68
71
71
72
45
63
66
71

40
29
31
26
21
35
48
65

41
30
26
24
18
34
29
26

56
54
53
51
28
45
48
63

81.0
80.8
80.7
78.9
78.0
74.8
74.1
74.0

38, 740
33, 069
32, 021
36, 247
32, 599
49, 106
37, 548
40, 941

145, 390
137, 335
148, 710
144, 429
144,900

120, 203
117, 780
122, 548
104, 597
105,000

84.1
83.3
82.4
81.8
82.7

58, 370
51, 616
65, 006
62,066
70,617

85
92
81
76
83

74
71
61
63
71

28
31
29
27
28

81
88
82
73
76

73.8
73.6
73.1
73.1
73.5

141, 302
144,153

114, 800
114,026

51.6
87.7
83.9

33, 866
32, 907
61, 535

58
71
83

50
44
68

35
38
29

56
61
80

54.9
83.1
73.4


http://fraser.stlouisfed.org/
'Adjusted for seasonal variations.
Federal Reserve Bank of St. Louis

3

Grease equivalent; see note on p. 58.

Rayon

Silk

Wool manufactures

Daily
averase
1923-25=100

2 266
1.231
1.586

254
237
352
148
517

285
263
387
162
556

31.5
40.0
41.5
40.3
28.0
43.2
44.4
46.8

1.284
1.199
1.139
1.133
1.125
1.185
1.292
1.358

286
305
334
307
308
382
386
488

304
382
440
287
221
357
429
574

47, 443
41, 732
44, 347
39, 757
38, 361

55.0
52.2
45.8
40.5

1.348
1.432
1.327
1.391
1.418

553
441
295
274
417

565
387
279
264
439

41, 373
40, 035
42,328
J

4.777
3.940

51.7

1.320
1.402
1.383

351
344
396

348
333
387

Twisting spindles.

16

SURVEY OF CURRENT BUSINESS

July 1935

Railway and Public Utility Bond Defaults,
1929-34
Donald G. Horton, Chief, Debt Section, Division of Economic Research

The Volume and Character of Defaults

of the economic
ONE significant manifestationthe depression has
disorganization incident to

The public utility industry entered the depression
with a volume of bonds in default of interest not only
larger absolutely than the volume of defaulted railway
bonds but also larger in relation to the total long-term
debt. On November 1, 1928, public utility bonds in
this category were in default to the amount of about
$280,000,000, representing slightly more than 2 percent of the total public utility long-term debt at that
time. Electric railway issues constituted a large
portion of the amount in default. Railway bonds in
default of interest on the same date amounted to
approximately $100,000,000, or slightly less than 1
percent of the long-term debt of class I railroads. By
the end of 1934, however, the situation was reversed.
Railway bonds were in default to the amount of approximately $1,500,000,000, or about 14 percent of
the long-term debt of class I railroads, while the total
of public utility bonds in default on the same date
amounted to approximately $875,000,000, or slightly
over 6 percent of the total utility long-term debt.
In order to eliminate the influence of predepression
defaults, all bonds defaulted prior to November 1,
1928, were excluded from the original tabulations.
Item 1 of table 1, accordingly, shows only those bonds
in default on November 1 of each year which were
defaulted since November 1, 1928. All of the issues
entering into the totals shown in item 1 were in
default of interest, and a part of the issues, as shown
in item 2, were in default of principal also. Bonds
in default of principal only were omitted in the original
tabulations, and hence do not enter into the totals
shown in table 1.
It will be noted that the high point for the public
utility defaults accumulated during the depression

been the difficulties experienced by many corporations
in meeting their debt service charges and maturities,
and the resulting large increase in the volume of
bonds in default. The complexity of the default
problem, coupled with the lack of adequate information, makes it impossible to give an exhaustive analysis
of the situation; but it is possible to throw some light
on certain pertinent questions relative to railway and
public utility bond defaults. In this article the following topics will be considered to the extent that
space and available information permit:
1. The volume and character of railway and public
utility defaults during the depression years.
2. The extent to which defaults have been remedied
during this period.
3. The amount of unpaid interest on these obligations.
Much of the original data used in the analysis has
been taken from the annual tabulations of the Wall
Street Journal showing bonds in default of interest
on November 1. These tabulations exclude defaulted
issues of $200,000 or less and, in the case of the railways, defaults on equipment trust obligations. An
attempt is made, also, to exclude issues held in the
treasuries of the various corporations or pledged as
security for other issues. An examination of the data
for particular issues in default revealed some evidence
of increasing inclusiveness, but corrections have been
made to render more comparable the several annual
tabulations. The figures presented here represent the
approximate magnitude of the several items rather
than exact totals.

Table 1.—Railway and Public Utility Bond Defaults, 1929-34
[In thousands of dollars]
Railways (year ended Nov. 1)

Public utilities (year ended Nov. 1)

Item

1929
1. Bonds in default of interest at end of year (exclusive of bonds defaulted prior to Nov. 1, 1928)~. 11, 073
2 Portion of item 1 in default of principal0
3. Amount defaulted during year and not remedied
by end of year
11,073
4. Amount removed during year from previous
year's default list (item 1)
5. Amount in default Nov. 1, 1934 (item 1), by
4,197
years in which default occurred
0.3
6. Item 5 reduced to percentage basis
7. Percentage of bonds defaulted during year (item
37.9
3) still in default Nov. 1, 1934
8. Estimated accrued interest on defaulted bonds
376
at end of year (item 1)
9. Annual interest charge on defaulted bonds at end
664
of year (item 1)
10. Average coupon rate of defaulted bonds at end
6.00
of year (item 1) .
-.




1930

1931

1932

1933

1934

1929

1930

1931

1932

1933

1934

11,073
0

211,651
12, 000

355, 006
32, 000

1, 442, 728
41, 539

1, 456, 124
203, 196

32, 744
3,876

103, 362
13, 187

209, 158
16, 661

637, 731
103, 879

744, 813
132, 008

610, 859
141, 432

0

200, 578

143, 359

1, 096, 033

129, 213

32, 744

76, 405

126, 257

478, 556

290, 531

69, 292

0

0

0

8,311

115,817

5,787

20, 461

49, 983

183, 449

203, 246

0
0

189, 186
13

129, 995
8.9

1, 003, 533
68.9

129, 213
8.9

30, 520
5.0

65, 098
10.7

249, 132
40.8

173, 610
28.4

69, 292
11.3

94.3

90.7

91.6

100

70.9

39.9

51.6

52.1

59.8

100

1,040

12, 361

31,327

94, 955

154, 164

1,393

6,426

27, 474

46, 690

81, 796

93, 263

664

11, 186

19, 465

68, 484

68, 885

1,821

5,578

12, 022

37, 440

42, 479

34, 062

6.00

5.28

5.48

4.75

4.73

5.56

5.40

5.75

5.87

5.70

5.58

23, 207
3.8

SURVEY OF CURRENT BUSINESS

July 1935

(item 1) was reached in 1933, whereas the accumulated
total of railway defaults rose still higher in 1934.
Item 3, showing the amount defaulted during the year
and not remedied by the end of the yea^, affords a
rough measure of the volume of bonds defaulted during
particular years. Railway defaults were especially
heavy in the year 1933, as evidenced by the fact that
approximately 68 percent of all railway defaults during
the period, 1929-34, occurred in that year. Utility
defaults were distributed more evenly throughout the
period, but approximately 45 percent of the total
occurred in 1932. The volume of both railway arid public utility defaults in 1934 was much smaller thanin 1933
An examination of the data relative to the volume
of bonds in default of principal as well as interest
reveals certain significant contrasts between the railways and utilities. Item 2 shows the portion of item 1
that was in default of principal and interest on November 1 of each year. Although bonds in default of
principal only are not included in item 2, the volume
of such issues is so small in relation to the total that
their inclusion is not necessary for the purpose of this
analysis. It will be noted that utility defaults on
principal increased markedly in 1932, whereas railway
defaults on principal did not reach large proportions
until 1934. The small volume of railway defaults on
principal in 1932 and 1933, as compared with the volume of utility defaults on principal for these years, is
accounted for largely by the action taken by the
Government to strengthen the credit of the railways.
At the end of 1933, Reconstruction Finance Corporation loans to railways, less repayments, amounted to
approximately $337,000,000, an amount equal to
about one-third of the maturities of the railways for
the period, 1931-33.
Railway maturities for the period 1929-34, according to the Wall Street Journal, amounted to about 2%
billion dollars. The volume of railway bonds that
were defaulted as to principal during the period
1929-34, and were still in default at the end of 1934,
amounted to $203,196,000, as shown in item 2. The
latter figure constitutes about 9 percent of railway
maturities for the 6-year period. Public utility maturities for the 6-year period amounted to about $1,800,000,000, and the volume of utility bonds defaulted as
to principal during the period and still in default at
the end of 1934 accounts for about 8 percent of the
total utility maturities. The percentages of maturities defaulted during the period 1929-34 are higher
than those mentioned above because some defaulted
maturities had been removed from the default list
before November 1, 1934, and other maturities were
defaulted but interest payments were maintained.
Coupon Rates

Railway and public utility bonds defaulted during
the depression have carried, on the average, somewhat
higher coupon rates than bonds on which interest was

143854—35—3


17

being paid. The weighted average coupon rate of railway bonds defaulting during the period covered, and
still in default on November 1, 1934, was 4.73, and the
comparable average coupon rate for utility defaults
was 5.58 percent. The average coupon rate of railway
bonds paying interest, as of December 31, 1934, was
4.53 percent. Sample data on the utilities indicate
that the spread between the average rate carried by
bonds in default and those paying interest is as great
as for railway bonds.
Table 2 shows separately the public utility operating and holding company bonds defaulted during
the period under review, and still in default on
November 1, 1934, by the years in which default
occurred. Over 30 percent of the operating company
bonds defaulted and still in default at the end of 1934
went into default prior to November 1, 1931, whereas
only 3 percent of the holding company defaults had
occurred by that time. About 55 percent of the holding company bonds in default on November 1, 1934,
went into default in 1932. The $250,447,000 of holding company bonds in default represent approximately
10 percent of the total long-term debt of public utility
holding companies, whereas the $360,382,000 of operating company bonds in default constitute only slightly
more than 3 percent of the total long-term debt of
public utility operating companies.
Table 2.—Distribution of Public Utility Operating and Holding Company
Bonds Defaulted Since Nov. 1,1928, and Still in Default on Nov. 1, 1934,
by Years in Which Default Occurred
Amount (in thousands
of dollars)

Percentage

Year of default
Operating Holding
Operating Holding
companies companies companies companies
1929
1930
1931
1932
1933 .
1934

Total

_

23, 207
30, 520
57, 506
111, 595
105, 705
31, 849

0
0
7,592
137, 537
67,905
37, 443

6.4
8.5
16.0
31.0
29.3
8.8

0
0
3.0
54.9
27.1
14.9

360, 382

_

250, 477

100.0

100.0

Defaults Remedied During the Depression

Unfortunately, the available statistics are not well
adapted to show precisely the volume of bond defaults
remedied during a given period; and no comprehensive
statistics have been compiled which reveal the extent
to which defaults have been remedied by resumption
of interest payments, reorganization, foreclosure, etc.
It is possible, however, to obtain a rough measure of
the volume of defaults remedied during a given period
by determining the volume of bonds removed from the
default list of a particular year by the end of the succeeding year (item 4, table 1).
Using this method of measurement, it was found
by data not included in the table that roughly 50
percent of the railway bonds in default on November
1, 1928, and approximately the same percentage of
public utility bonds, had been removed from the
default list by November 1, 1934. This similarity in

18

SURVEY OF CURRENT BUSINESS

the rates of default adjustment does not hold, however, in the case of defaults occurring since November
1, 1928. Item 7 shows the percentage of the bonds
defaulted in each year, 1929-33, that were still in
default on November 1, 1934. The percentages for
the years 1931-33 are of most significance, because
the majority of the bond defaults occurred in these
years. It will be noted that over 90 percent of the
railway bonds defaulted in each of these years were
still in default on November 1, 1934. For the utilities, however, the percentages of bonds defaulted
during these 3 years that were still in default on
November 1, 1934, fall within the range of 50 to 60
percent. Only about 9 percent of the railway bonds
defaulted during the entire period, 1929-33, had been
remedied by the end of 1934, while the comparable
figure for the utilities was over 46 percent.
The Amount of Unpaid Interest

Item 8 shows the accrued defaulted interest on
bonds defaulted since November 1, 1928, and still
in default on November 1 of the years for which the
data are given. In making these estimates it is
assumed that each bond was in default of 6 months'
interest on the date of default. The total of $154,164,000 for the railways on November 1, 1934, accordingly, represents the accrued interest in default on
railway bonds defaulted between November 1, 1928,
and November 1, 1934, and still in default on the
latter date. This figure, however, fails to show the
total amount of unpaid interest traceable to railway
bond defaults during this period, because it does not
include unpaid interest on bonds defaulted during
the depression but removed from the default list prior
to November 1, 1934. Since it was in 1934 that most
of the eliminations from the railway default list
occurred, it is probable that a substantial amount of
interest that was not paid when default was terminated
is excluded from the above figure.
Additional light is thrown on the question of the
amount of unpaid interest traceable to railway defaults
during the depression by item 9 which shows the
annual interest charge on bonds defaulted since November 1, 1928, and still in default on November 1
of each year. The total for the 6 years amounts to
$169,348,000. By accumulating the annual totals in
this manner, it is possible to include the major portion
of the unpaid interest excluded in the previous total
of $154,164,000. The amount still excluded is the
interest for a part of a year on bonds in default on
November 1 but removed from the default list
during the following year. However, the figure of
$169,384,000 is too inclusive, because bonds defaulting
in the particular year for which the annual interest
charge is computed had not on the average accumulated a full year's unpaid interest by the end of the



July 1935

year. By tabulating the bonds defaulted each year
according to whether default occurred in the first or
second half of the year, it was found that about 45
percent were defaulted in the 6 months ended May 1
and 55 percent in the six months ended November 1.
Thus the estimate of $169,348,000 is probably inflated
from 2 to 3 percent by this factor. It is inflated also
to the extent that any accrued interest in default
was paid at the time the default was terminated.
In view of these considerations it does not appear
unreasonable to conclude that the unpaid interest
resulting from the railway bond defaults of the 6
years amounted to as much as $165,000,000.
It is impossible to estimate with a high degree of
accuracy the amount of unpaid interest traceable to*
public utility bond defaults during the depression.
The figure of $93,263,000 (item 8, table 1), representing interest in default on bonds defaulted after November 1, 1928, and still in default on November 1,
1934, obviously excludes a large amount of unpaid
interest on bond defaults adjusted prior to 1934.
Over 46 percent of the utility bonds defaulted from
1929 to 1933 were removed from the list by November
1, 1934, and unpaid interest on these bonds is not
included in the above figure. A case study of the
larger issues removed from the default list indicates
that in only a few cases were defaulted coupons paid
when the default was terminated, and in these cases
the payment of interest was usually associated with
a reorganization in which the bondholders received less
attractive securities. On the other hand, the total
of the annual interest charges on bonds defaulted
since 1928 and still in default at the end of the year,
amounting to $133,402,000, is subject to the same
qualifications as the figure of $169,348,000 for the
railways. Since over 60 percent of the defaults during
the period 1929-34 occurred in the last half of the year,
it is probable that 5 percent too much interest is included because of this factor. The above overstatement is offset, however, by the failure to include
interest on bonds for the part of a year between the
November 1 on which default is last shown and the
date on which default was terminated.
While a definite estimate of the total unpaid interest
on public utility bonds defaulted during the depression would be fraught with possibilities of error, it
may be said with reasonable assurance that the total
probably lies between $120,000,000 and $130,000,000.
When account is taken of the fact that some defaulted
issues are excluded from both the railway and the
public utility lists, it appears that the total utility and
railway unpaid interest on defaults since November 1,
1928 approached $300,000,000 by the end of 1934.
Although large the total represents absolutely, less
than 4 percent of the total interest charges on the railway and utility funded debt for the 6 years 1929-34.,

SURVEY OF CURRENT BUSINESS

Julv 1935

19

ADVERTISING '
[Monthly average 1928-32=100]
1933

1933

1934

1935

1936

1937

1938

1939

1930

1931

1933

1933

1934

1935

Month

General Index of Advertising Activity
January
February
March. ._
April
May.
--.
June
July
...
August
September.
_ . _
_.
October
November _ _
__
December
Monthly average.

_
_ .

93.3
90.6
92.7
92.6
95.0
100.2
99.8
100.2
97.5
99.1
101.6
104. 0
97.2

104.5
104.1
107.6
107.2
110.0
108.5
108.7
106.1
103.0
107.3
107.9
107.3
106.9

108.9
110.0
108.0
109.6
108.4
106.2
103.9
100.2
107.6
107.3
105.3
108.4
107.0

109.3
109.4
109.0
109.1
108.4
108.4
110.3
111.6
114.1
117.9
118.1
118.7
112.0

117.7
116.4
117.6
116.4
116.3
117.9
118.7
120.6
120.1
120.5
118.1
116.2
118.0

114.8
118. 0
115.8
116.8
114.7
115.4
113.6
115.7
117.6
115.6
115.5
115.9
115.8

113.2
112.7
114.6
112.5
113.3
114.5
114.1
117.9
113.3
114.8
117.7
117.4
114.7

121.7
120.6
122. 0
119.2
124.3
119.9
121.5
123.3
121.8
122.1
119.0
113.3
120.7

112.0
109.9
107.4
109.7
109.8
105.3
105.0
101.0
104.0
102.2
96.0
96.6
104.9

97.0
97.1
97.1
95.4
94.7
94.2
95.2
90.6
87.3
85.4
84.0
84.3
91.9

81.6
80.3
78.2
75.7
72.3
74.0
69.0
68.1
68.0
64.5
66.0
63.6
71.8

62.7
60.3
54.4
59.5
62.0
67.2
65.7
72.0
69.0
68.1
69.3
69.3
65.0

68.5
69.0
73.8
74.6
79.5
80.0
74.9
77.8
72.9
74.0
74.9
75.6
74.6

74.5
74.7
78.8
79.8
81.2

135.2
130.2
122.4
119.7
114.9
110.5
103.8
106.8
119.7
109.2
98.5
92.6
113.6

96.9
94.5
91.8
85.4
84.6
73.0
76.5
73.9
68.0
63.2
61.9
57.2
77.2

53.5
54.8
55.5
55.0
52.9
58.2
55.1
47.6
38.8
39.8
41.8
42.6
49.6

37.7
34.0
32.0
35.8
34.5
36.1
38.0
50.5
51.1
50.1
53.2
44.4
41.5

45.0
48.8
46.7
57.0
65.8
64.5
58.4
60.0
53.7
53.6
52.1
56.1
55.1

45.5
51.8
48.6
57.7
64.6

116.4
116.6
114.3
113.6
113.3
110.3
109.4
110.7
104.5
103.5
98.1
99.1
109.2

94.6
94.3
93.0
92.7
91.7
90.8
90.8
87.6
85.7
80.5
78.2
78.1
88.2

74.0
74.3
72.7
68.5
65.8
63. 3
60.3
57.2
55.9
57.3
59.6
53.1
63.5

56.7
55.6
53.5
51.7
53.5
58.1
59.2
61.9
62.4
63.9
65.2
64.7
58.9

67.6
68.8
73.5
76.6
79.6
80.5
79.9
80.4
75.2
78.1
77.9
73.4
76.0

77.8
77.7
80.1
80.9
81.8

112.3
109.8
106.6
110.4
109.4
103.7
103. 2
97.4
102.7
100.7
94.2
94.5
103.7

96.3
96.6
96.9
95.2
94.0
94.1
96.0
90.8
87.3
86.8
84.3
85.2
92.0

81.8
80.7
78.4
75.8
72.1
76.1
70.1
68.9
70.7
67.1
66.9
66.6
72.9

63.7
62.1
54.5
62.2
65.7
70.8
67.8
75.4
70.4
68.9
70.3
69.0
66.7

68.8
69.2
74.0
73.5
77.8
78.7
72.1
76.6
71.8
72.1
75.3
75.4
73.8

73.5
73.2
77.0
78.7
80.4

88.2
88.1
92.7
93.3
101.5
104.9
111.3
111.8
110.2
113.0
112.1
118.8
103.8

116.3
121.1
127.7
133.9
135.5
149.1
152.4
148.7
146.5
139.4
156.5
156.4
140.3

162.5
159.7
159.2
158.1
155.3
158.3
145.8
143.8
141.5
119.4
124.1
122.6
145.9

114.7
111.0
111.6
97.4
97.8
109.0
109.6
120.0
119.4
128.1
140.6
150.8
117.5

154.9
152.0
149.3
147.9
159.6
163.9
150.5
141.6
145.4
178.1
176.9
181.5 ,
158.5

189.5
186.3
179.6
168.1
169.8

Farm Papers
7

Januarj
_ _
February.
__- March
April..
May
June
July
. . . .
August
September
October
November
December
Monthly average

_
.

_

96.9
95.6
98.1
91.7
104.7
108.7
113.6
117.8
103.5
106.7
107.3
107.2
104.3

116.7
114.1
116.1
119.1
127.7
120.4
131.7
121.9
115.4
124.6
128.4
122.3
121.5

134. 2
129.9
126.4
128.9
120.7
122.6
117.0
107.0
124.4
119.2
115.2
118.6
122. 0

122.5
130.1
133.2
125.9
118.2
132.3
127.0
120.3
144.5
130.5
138. 9
142.9
130. 5

129.0
131.5
130.5
127.8
131.7
137.8
133. 9
144.3
142.8
137.2
139.0
146.6
136.0

131.1
132.1
131.1
122.7
128.8
131. 5
121.6
129. 1
126.1
122.2
127.7
128.7
127.7

128.0
127.6
124. 3
134.1
129.6
117.3
128.9
133.9
127.0
137.2
132.9
124.5
128.8

126.5
124.2
129.8
132.8
140.3
138.8
133.6
128.2
130.8
130.7
126.4
127.4
130.8

Magazines
January
__ .
February
_.
March.
April
May
-- - -- .- June
July
August _
September
October
-_
-November
December. _
Monthly average

-

._

68.9
67.2
69.2
70.3
74.4
78.6
79.0
80.4
82.2
82.8
87.6
92.5
77.8

89.9
89.4
91.6
93.8
96.1
96.2
97.3
94.3
94.5
97.3
99.0
100.6
95.0

99.7
101.8
100.9
98.7
100.2
92.8
95.0
90.1
95.2
97.2
98.1
95.0
97.1

94.8
94.8
94.5
94.1
92.7
95.8
98.0
99.1
104.5
104.6
105.4
107.3
98.8

106.6
105.9
106.9
106.8
106.0
109.4
108.7
117.2
117.4
116.2
114.7
114.0
110.8

112.1
113.8
112. 0
113.1
110.0
111.6
110.6
114.6
116.7
115.3
113.5
107.3
112.6

110.8
112.1
112.9
113.2
111.8
113.9
112.3
116.3
114.3
116.9
113.5
117.7
113.8

123.4
125.9
125.3
127.8
129.6
125.6
126.4
127.4
127.5
128.8
125.0
112.5
125.4

Newspapers
January
February
..
March
April
May .
June
July
August
September
._
_
October
November
__
_ _
December
Monthly average

.

_ . _

. _

100.3
97.3
99.3
99.1
100.4
106.0
105.1
105.1
101.4
103.3
105.1
106.9
102.4

108.0
107.6
111.6
110.3
113.0
111.3
110.8
108.6
104.7
109.2
109.5
108.5
109.4

110.4
111.4
109.2
111.7
110.1
109.2
105.7
102.6
110.3
109.5
106.8
111.6
109.0

110.9
110.6
111.1
111.6
110.8
109.6
111.9
113.2
114.7
119.9
119.7
119.5
113.6

119.1
116.9
119.1
117.6
117.6
118.7
120.0
119.9
119.0
120.0
116.8
115.0
118.3

113.3
117.1
114.3
116.0
113.7
114.1
112.0
113.5
116.0
113.7
114.0
115.9
114.5

111.2
110.3
112.8
109.3
110.9
112.2
111.8
116.1
110.4
111.8
117.4
115.6
112.5

120.4
118.9
120.1
115.7
121.8
117.2
119.4
121.9
120.3
121.0
117.5
112.5
118.9

Radio
January
February
March.
April
May
June
July
August
September.
October
November _ _ _
_
December
Monthly average

__

___

31.8
32.0
32.2
33.2
33.6
34.3
34.0
38.2
42.8
55.5
49.0
46.9
38.6

54.7
63.4
64.0
64.7
68.1
66.5
70.1
75.5
82.2
81.0
82.0
85.3
71.5

1
Compiled by L. D. H. Weld, Director of Research, McCann-Erickson, Inc., and reported in the weekly issues of Printers' Ink. The general index of advertising activity
includes the four indexes shown (newspaper, magazine, radio, and farm papers) and also an index of outdoor advertising, which has been excluded here because of lack of
space. Three of the original series (magazine, newspaper, and radio), on which the indexes are based, are carried in the Survey of Current Business although certain adjustments in the data were made before use, particularly in the magazine series, as noted in the complete description mentioned below. The farm paper index is based on the
commercial linage in the national farm publications and a representative group of State and sectional papers as reported by Printers' Ink; the magazine index is based on
the magazine linage for the United States as published by Printers' Ink which represents approximately 80 to 85 percent of the total linage in magazines; the newspaper
index is based on the total advertising linage in newspapers in 52 cities as reported by Media Records, Inc., for the period 1928 to date. From 1922 to 1927, inclusive, the
figures for 23 cities as reported by Editor and Publisher were used; the radio index is based on the gross cost of chain time of the two leading broadcasting companies as
reported by the National Advertising Records; the outdoor advertising index (not shown above but included in the general index) is based on the composite billings of outdoor
companies that are estimated to represent about 40 percent of the total outdoor advertising of the country. These figures are compiled by the Outdoor Advertising Association
of America.
The indexes have been corrected for seasonal variation, using the ratio-to-12 month-moving-average method, after making the necessary adjustments in the original
data to place them on a comparable basis. The weights assigned to the individual series are based on the estimated average value of advertising in each of the 5 classes
of media for the 5 years, 1928-33, inclusive, the base period used for the indexes. For a complete description of the indexes, refer to the following weekly issues of Printers'
Ink: Jan. 10, 17, 24, 31, and Feb. 7, 1935.




20

SURVEY OF CURRENT BUSINESS

July 1935

WORLD STOCKS OF RUBBER
[Long; tons]
World total afloat

World total
Month
January
February
March
April
-_ May
June
_
July
August
- _
September
OctoberNovember
December
__
Monthly average

1930

1931

467, 273
._ 475, 964
475, 873
493, 260

1932

510, 296
516, 123
532, 080
531, 832
528, 855
533, 021
548, 794
555, 931
561, 838
588, 873
605, 684
628, 826
553, 513

1930

1934

1933

638, 416
626, 819
629, 894
630, 803
627, 474
595, 712
589, 037
597, 274
599, 986
609, 368
614, 342
629, 898
615, 752

634, 797
626, 227
638, 428
629, 159
626, 537
613, 055
618, 258
617, 449
623, 683
636, 597
642, 968
654, 890
630, 171

661, 948
663, 308
666, 382
658, 796
689, 239
672, 804
676, 200
674, 702
694, 361
680, 616
684, 408
705, 975
677, 395

96, 100
95, 600
87, 200
87, 600

Afloat to the United States

1931

1932

1933

1934

88, 900
87, 400
94, 200
86, 800
88, 700
83, 900
86, 500
85, 700
86, 000
93, 100
94, 500
83, 000
88. 225

85, 000
81, 500
77, 700
75, 000
79, 300
76, 200
78, 400
76, 300
79, 000
74, 600
76, 000
81, 200
78, 350

85, 700
77,600
80, 200
77, 100
85, 000
85, 900
95, 300
99, 800
99, 800
110,000
106, 500
116,200
93, 258

110,803
113, 947
120,292
113,757
141, 145
110, 478
96, 654
97, 349
113, 716
98, 868
99, 837
124, 976
111,818

193O

46, 302
37, 831
38, 878
41, 466

1931

1932

1933

41,579
47, 760
47, 350
42, 525
55, 173
52, 068
50,155
46, 102
46,815
51, 320
58, 082
40, 455
48, 282

42, 234
51, 728
44, 190
40, 387
50, 453
43, 079
37, 894
42, 846
46, 188
40, 176
40, 879
38, 360
43. 201

32, 539
32, 898
29, 531
30, 745
43, 342
63, 608
57, 435
53, 084
57, 255
58, 568
57, 140
55, 606
47. 646

1934
45, 768
53, 063
54, 722
55, 251
57, 921
46, 698
45, 869
40, 278
38, 831
38, 247
38, 625
47, 644
46. 993

1
Compiled by the 17. S. Depanmen* of Commerce, Bureau of Foreign and Domestic Commerce. These data represent a revision of the statistics on p. 248 of the 1932
Annual Supplement and in the monthly issues for the period shown. The revision in the series'' crude rubber afloat to the United States" is caused by the substitution
of the Rubber Manufacturers' Association estimates for the estimates made by the Bureau of Foreign and Domestic Commerce. Prior to September 1930, the estimates
by the Bureau were based on consular invoices which were discontinued as of that date and the Bureau's estimates subsequent to September 1930 are regarded as less satisfactory than the association's estimates. The Rubber Manufacturers' Association's figures on rubber afloat to the United States averaged about 75 percent of the total in 1930
although the percentage varied widely for the individual months; in 1935, the coverage averaged about 80 percent. The figures for the period 1923 to 1926, shown in the 1932
Annual Supplement, were reported by the Rubber Manufacturers' Association and were about 95 percent complete. For the period March 1927 to September 1930 they
were compiled by the Bureau of Foreign and Domestic Commerce on the basis of consular reports and raised to 100 percent. Data on total stocks afloat also revised since
September 1930, the Leather-Rubber Division of the Bureau of Foreign and Domestic Commerce using the formula employed by the International Rubber Committee,
i. e., stocks afloat are equivalent to US months' shipments. The total afloat up to September 1930 covers only the amount afloat for the United States and Europe; since
that time it covers all stocks afloat, although the amount afloat for destinations other than the United States and Europe is small. For 1935 revision see p. 51 of this issue.

WOOL CONSUMPTION > (APPAREL CLASS 2)
[Millions of pounds, scoured basis]
Month
January
February
]Vtarch
April
May
June

1918

-

JUly

August
September
October
November
December
Total scoured basis
Monthly average
Total greasy shorn basis

31.3
32.0
35.9
35.7
37.5
33.2
32.0
32 6
- - - 29.2
29 8
23.4
18.6
371.2
30.9
676.0

1919

1920

1921

1922

1923

1924

1925

1926

1927

1928

1929

17.8
12.2
15.1
20.3
23.1
25.4
29.3
25.6
26.8
31.3
27.4
28.8
283.1
23.6
563.7

32.8
29.0
31.4
31.0
27.4
21.7
16.8
16 7
15.9
18.2
12.4
11.0
264.3
22.0
510.9

14.2
17.3
23.0
25.8
27.1
28.4
24.1
25.4
28.2
30.2
28.9
27.1
299.7
25.0
597.4

26.3
27.3
27.7
21.7
24.6
25.2
21.5
25.3
25.6
28.6
31.2
27.8
312.8
26.1
640.4

28.9
28 5
32.9
29.0
30.0
26.6
23.4
22.9
21.6
23 2
22.9
21.4
311.3
25.9
603.1

24.4
24 6
22 6
20.3
18.0
14 2
14.7
18 7
21.1
25 9
22.4
22.8
249 7
20.8
518 0

24.1
21 7
20.6
19.4
16.4
17.6
18.8
21 0
22.0
24.9
21.9
23.3
251.7
21.0
525.2

20.3
20.8
21.9
20.6
18.0
18.5
20.0
19.8
23.9
25.0
23.5
22.4
254.7
21.2
524.1

21.2
21.6
25.3
20.7
21.0
21.7
19.5
23 4
22.3
22 7
21.5
17.8
258.7
21.6

19.1
21.8
19.9
16.7
19.1
17.2
15.9
18.7
19.3
24 0
21.8
18.9
232.4
19.4
511.9

23.6
21 0
22.2
21.6
21.9
19 0
19.9
23 2
20.7
25 0
18.6
16.5
253.2
21.1
554. 7

551. 1

1930

1931

18.8
17 5
16.3
16.4
16.7
16 5
16.8
15 8
17.8
18 8
14.5
14.8
200 7
16.7
447 9

16.2
16.4
18.2
21.1
20.8
22.3
26.3
24 3
23.0
17 5
16.4
15.2
237.7
19.8
545 2

1932
15.5
16 2
13 4

8.4
7.2

95
14.2
21 5
23 4
21 4
19 4
18.4
188 5
15 7
439 8

1933

1934

17 6
17 4
16 2
16 3
16 8
11 6
13.4
13.3
12 7
24 0
11 0
26 7
9 2
26 9
25 8
9 9
22 3 3 8 2
23 4
12 8
21 4
17 7
16.3 322.2
245 5 167 6
14 0
20 5
572 2 381 4

1935
22 2
19 3
3 23 1
21.8
25 4

1 Compiled by the Bureau of the Census, U. S. Department of Commerce, and represent revised statistics on the consumption of apparel-class wool in the United States
for the years 1918-34, which are comparable to those now published in the Monthly Wool Consumption Reports of the Bureau of the Census. These statistics are based on
schedules filed by manufacturers with the Bureau of Markets, now a part of the Bureau of Agricultural Economics, Department of Agriculture, through April 1922, and thereafter with the Bureau of the Census, Department of Commerce. It is believed that these statistics are approximately complete through September 1920, and complete
thereafter. Allowance has been made after September 1920 for the consumption of the few manufacturers from whom schedules were not received.
The "scoured" and "greasy" basis figures given in the table differ in rate of change because the "greasy" are affected by shifts to heavier shrinking wools (or vice
versa) which do not affect the "scoured." On the whole the major shift has been from low "grease content" foreign to high "grease content" domestic wool, with the result
that consumption on a "greasy" basis shows a slower rate of decline over the last 17 years than on a "scoured" basis. The method used for obtaining "greasy" basis gives
slightly higher results for most years than would the "grease equivalent" method used by the Bureau of the Census at various times, because the latter method provided
insufficient allowance for "grease content" with the shift to domestic wools.
This series differs from the series of wool consumption, grease equivalent basis carried in the SURVEY, in the following respects other than condition: (1) This series
is complete for entire period and (2) covers only apparel class wool, while grease series includes carpet wools. The Bureau of the Census has a greasy shorn basis series
comparable to this scoured basis series, data on which will be furnished on request. The method of converting this series to a grease basis differs from methods formerly
employed as noted above. Present series is converted by grade, origin, and condition; conversion of grease equivalent series was on basis of condition only.
2
Wool generally regarded as more or less suitable for apparel purposes; formerly "combing and clothing."
3 5-week period. Data are for calendar months through June 1934; thereafter first 2 months of each quarter are 4-week periods and the final month a 5-week period .

SALES OF DOMESTIC HOUSEHOLD
ELECTRIC REFRIGERATORS 1

POSTAL RECEIPTS
[Thousands of dollars]

[Number]

Month

50 industrial cities

50 selected cities
Month

1932
January
February
March
April
May
June
July
August
September
October
November
December

1933

1934

1935

1932

1933

1934

25,312
24, 061
26, 677
24, 272
22, 621
22, 006
23, 789
23, 851
25, 770
26, 711
26, 109
33, 097

24, 674
22, 559
24, 422
23, 810
24, 393
24, 988
21, 388
22, 516
22, 821
24, 869
24, 541
30, 976

24, 782
22, 527
26, 609
23, 886
25, 981
23, 899
21,419
23, 198
23, 527
27, 527
25, 825
33, 164

25, 827
24, 118
27, 313
26, 775
27, 365
24, 679

2,911
2,832
2,985
2,698
2, 513
2,452
2,959
2, 900
2,835
3,030
2,840
3,789

2,955
2,659
2,646
2,678
2,703
2,701
2,579
2,714
2,556
2,769
2,674
3,624

2,955
2,664
3,014
2,823
2,879
2,769
2,661
2,758
2,664
3,106
2,825
3,930

34, 744
2,895

33, 258
2,772

35, 048
2,921

304, 276
Total
Monthly average — 25, 356

291,957 302,344
24, 330 ! 25, 195
i

'1935
3,112
2,907
3,049
3,110
3,222
2,829

* Compiled by the U. S. Post Office Department and represent the receipts for transporting
all types of mail. When the series were first instituted the "50 selected cities" represented the
50 largest cities on the basis of postal receipts. Since that time changes in this ranking have
occurred but no change in this list has been made. The "50 industrial cities" were selected as
representing the most important industrial cities in the next largest group. No changes have
been made in this list. The data shown represent a continuation of the figures in the 1932

Annual Supplement. Changes in postal rates have affected the trend of these series, as numerhttp://fraser.stlouisfed.org/ adjustments have been made since the series were started.
ous rate

Federal Reserve Bank of St. Louis

January
February
March
April..
May
June
Julv
August
September
October. .
November
December
Total
Monthly average

1931
22, 322
53 693
94, 778
156, 248
150, 652
119,761
101, 974
. „
68, 465
52, 229
47, 199
.__ 39, 797
41, 661
948, 779
79, 065

1932

1933

33, 169
18 755
44 721
35 394
82 147
58 494
146, 198 127, 917
131, 946 212, 770
151, 774 213 420
28, 785 128, 217
25, 573
95, 413
34, 027
70 189
28, 097
49, 676
30, 940
19, 026
32, 543
35, 834
769, 920 1,065,105
64, 160
88, 759

1934
35 212
82 439
151 668
266 264
277, 988
190 003
120, 846
79, 195
39 149
29, 567
28, 718
71,477
1,372,526
114,377

1935
97 421
121 636
213 464
266 931
244, 602

1
Compiled by the Edison. Electric Institute and represent an estimate of
the total domestic sales of household electric refrigerators by manufacturers. The total includes cabinets with systems, and separate systems,
as reported by the National Electrical Manufacturers' Association. To estimate a total for the industry, the Institute prorates the N. E. M. A. figures,
using the following raising ratios: Prior to 1934, 80 percent (about 10 firms
reporting); January through July 1934, 84 percent (13 to 16 firms); August
through December 1934, 86 percent (13 firms); since then, 91 percent (14
firms). The resultant totals are higher than the Bureau of the Census
production figures for the years 1931 and 1933, the only periods for which
comparable data are available. In 1931 the total production as reported
by the Bureau of the Census was 826,060 and in 1933,994,084. Only yearly totals (in thousands) are available prior to 1931 as follows: 1930, 775; 1929, 630;
1928,468; 1927, 390; 1926,210; 1925,75; 1924,30; 1923,18; 1922,12; 1921,5; 1920,10.

21

SUEVEY OF CURRENT BUSINESS

July 1935

WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1935

83.4
84.3 83.5 82.3 81.
64.2 63.9
61.8 62.5

78.9
77. 1
81.6
77.9

79.3
78.0
82.5
77.9

79.8 79.9 80.2 80.3 74.8
79.9 79.9 80.7 81.5 64.8
83.4 83.7 84.4 84.3 70.9
77.8 77.8 78.5
77.9

93.8
65.8

75.0
65.8
71.3
78.7

66.3
56.9
62.6
70.1

65.1
53.2
61.4
69.4

81.6 82.0 82.3 82.3 82.3 82.7 78.0 78.0 65.1
63.0 63.8 63.8 63.8 63.8 63.8 63.8 63.8 56.5 56.5
44.9 43.8 44.1 43.4 41.5 45.6 45.6 44.5

Construction contracts J... 45.8 47.1 31.9
Distribution: Carloadings. 64.5 59.2 68.1
Employment: Detroit, factory
93.7
Finance:
Failures, commercial
Security prices:
Bond prices J
Stock prices t

66.4

83.8 84.8
64.3 67.2

31.5 19.2 23.0
64.9 66.9 63.6

30.2 33.1
59.0 62.5
102.4

83.1

57. 5 56.3 54.5 58.5 55.5 57.51 56.3

91.6

07.1
108.1 107.9 107. 1 106. 2 106. 3 j 106. 31105. 8 106. 0 96. 01 94. 8
99.1 99.9 97. 9i 93. 8! 92. 8! 94. 5\ 87. 7 88. 3 91. 11 88.1

* Computed normal = 100.
1 Latest week is preliminary.
§ 1933-35 indexes are based on reports from 91 cities; earlier data cover 101 cities.

1933

June June June June June May June June
29 22 15
8
1
25 30 23

June June June June June May June June July June
1
24
29 22 15
8
1
25 30 23
Business activity:
New York Times**
Business Week*^
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784).
Farm products (67) ..
Food (122)
Allother (595)
Fisher's Index, 1926=100:
Combined index (120).
Copper, electrolytic J
Cotton, Middling, spot--

1934

1935

1933

1934

Finance—C ontinued.
Banking:
Debits outside N. Y.
77.0 67.7 76.5
82.8 74.5 92.1
67.9
C4
Federal Reserve reporting member
banks :§
Deposits:
155.4 154. 6 154. 6 151. 7 151. 2 150. 6 124. 9 123. 7 105.5 106.2
Net demand
L 9 125. 6 121.5 119.6
Time
123.5 123. 122 123.4 125.4
67! 3 66.7 67.7 67.6 71.8 72.2 77.8 78.3
Loans, total
Interest rates:
6.1 6.1 6.1 6.1 6.1 6.1 24.2 24.2 24.2 24.2
Call loans J
5.7 5.7 5.7 5.7 5.7 5.7 22.9 22.9 17.1 22.9
Time loans t
Money in circulation J. 113.8 113. 5 113. 6 113. 9 113. 5 113. 2 109. 8 109. 117.4
Production:
.
116. 6 118.7 119.0 117. 86.1 132. 0 112. 6 100. 4 78.2 76.9
Automobiles
.1 64.7 59.0
63.4 47.3 90.3 84.7 75.2 62.3 60.1
Bituminous coal |
105. 4 106.5 104. 6103..5 97. 8 101 101.7 100.5 99.4 95.7
Electric power |
Lumber
37.5 32.2 30.1 30.7 28.7 31.0 31.4 42.9 39.0
Petroleum
131. 0 130. 8 126. 9 123. 7 125.1 124.4 124.9 24.9 120.7
50.0 50.0 51.3 52.6 55.3 56.6 59.2 5.0 68.4 65.8
Steel ingots 1
Receipts, primary markets:
64.1
57.9 55.9 66.8 73.1 65.5 72.3J127.7
Cattle and calves
89.1 89.6
29.4 30.8 30.8 33.9 29.5 31.0 68.1
Hogs
11.2 13.5 15.0 21.2 16.9 34.6 29-2 37.7 55.8 61.2
Cotton
31.6 30.7 29. 6 28.4 34.3 22.51134.0 67.7 107.0 87.8
Wheat
t Weekly average, 1928-30=100.
t Daily average.
* Index revised. See weekly supplement of June 1, 1933, for explanation.

WEEKLY BUSINESS STATISTICS
1935

Item
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb_.
Cotton, middling, spot, 9New York
dol. per lb..
Food index (Bradstreefs)
dol. per lb__
Iron and steel composite!
dol. per ton
Wheat, No. 2 Hard Winter (K. C.)
dol. per bu._
Banking:
FINANCE
Debits, New York City
mills, of dol..
Debits, outside New York City
mills, of dol._
Federal Reserve banks:
Reserve bank credit, total
mills, of dol._
Bills bought
mills of dol
Bills discounted
mills, of dol..
U. S. Government securities
mills, of dol..
Federal Reserve reporting member banks :§
Deposits, net demand
mills, of dol
Deposits, time
mills, of doL.
Investments, total
mills, of dol_.
U. S. Government securities
mills, of dol._
Loans, total
mills, of dol..
On securities
mills, of dol._
All other
mills, of dol..
Interest rates, call loans
percent-Interest rates, time loans
percent ..
Exchange rates:
French franc (daily av.)
cents..
Pound sterling (daily av.)
_ dollars-Failures, commercial
_
number..
Money in circulation
mills, of dol..
Security markets:
Bond sales (N. Y. S. £".)__thous. of dol. par value-Bond prices, 40 corporate issues.
.-dollars..
Stock sales (N. Y. S. E )
thous of shares
Stock prices (N. Y. limes}
dol. per share. .
Stock prices (Standard Statistics)
1926= 100..
Industrial (351)
. 1926=100 .
Public utilities (37)...
_.
__1926=100._
Railroad (33)
1926= 100..
PRODTJCTION, CONSTRUCTION, AND DISProduction:
TRIBUTION
Automobiles (Cram's estimate)
number. _
Bituminous coal (daily av.) . -thous. of short tons..
Electric power
mills, of kw.-hr..
Petroleum
thous. of bbl..
Steel ingots (Dow- Jones' estimate).. .pet. of capacity..
Construction-contract awards (da. av.) -thous. of doL.
Distribution:
Freight-car loadings, total
cars..
Coal and coke
...
cars
Forest products
cars..
Grain and products
.
cars
Livestock.
cars
Merchandise, 1. c. 1
cars..
Ore
__ _ .
cars
Miscellaneous.. _ ..
cars
Receipts:
Cattle and calves
thousands
Hogs
thousands
Cotton into sight _
thous of bales
Wheat, at primary markets
thous. of bu._

1934

June 29

June 22

June 15

0. 087
.122
2.56
32. 59
.87

0.088
.119
2.58
32.40
.85

0.088
.120
2.59
32.41
.89

0. 088
.118
2.60
32.45
.91

3, 230
3,427

4,251
3,839

3,084
3,454

2,472
5
2,430

2,482
5
7
2,430

15, 423
4,427
11,119
7,407
7,549
3,061
4,488
.25
.25

1933

July 1

1932

May 25

June 30

June 23

0.088
.113
2.60
32.43
.94

0.088
.124
2.61
32.41
1.00

0.088
.124
2.17
33.15
.88

0.088
.121
2.19
33.16
.87

0.078
.102
1.94
29.23
.91

0.078
.095
1.89
28.85
.75

0.052
.058
1.63
28.95
.43

3,182
3,561

3,024
3,410

3,139
3,572

3,030
3,138

4,181
3,442

3.562
2,847

4,353
3,147

2,850
2,820

2,472
5
8
2,430

2,475
5
8
2,430

2,467
5
8
2,430

2,459
5
7
2,430

2,465
5
27
2,430

2,468
5
28
2,430

2,182
8
191
1,975

2,194
9
222
1,955

2,346
64
470
1,801

15, 353
4,434
11, 093
7,388
7,527
3,020
4,507
.25
.25

15, 332
4,398
10, 933
7,294
7,567
3,040
4,527
.25
.25

15,041
4,424
10, 919
7,293
7,495
2,992
4,503
.25
.25

15, 003
4,497
10, 859
7,211
7,612
3,054
4,558
.25
.25

14, 937
4, 529
10, 880
7,249
7,599
3,043
4,556
.25
.25

12, 504
4,501
9,723
6,665
8,014
3,529
4,485
1.00
1.00

12, 375
4,492
9,608
6,582
8, 055
3,571
4,484
1.00
1.00

10, 741
4,406
8,213
5,254
8,452
3,748
4,704
1.00
.75

10, 823
4,336
8,305
5,309
8, 5CO
3,769
4,731
1.00
1.00

10, 174
4,481
6,897
3,993
9,748
4,185
5,563
2.50
1.60

6.632
4.94
234
5,524

6.610
4.93
229
5,512

6.600
4.94
222
5,514

6.608
4.93
238
5,529

6.587
4.94
226
5,512

6.585
4.92
234
5,496

6.595
5.04
229
5,330

6.599
5.04
233
5,328

4.960
4.28
345
5,702

4.855
4.19
373
5,711

3.931"
3.59
661
5,703

61. 570
96.84
4,965
96.24
76.2
88.1
70.9
32.8

79, 670
96.62
6,721
96.99
76.8
88.7
71.3
33.5

65, 980
95.90
5,793
95.11
76.1
88.4
68.9
32.8

51, 140
95.08
4,183
91.07
75.0
86.7
70.3
31.6

45, 910
95.18
6,425
90.15
72.3
85.0
67.6
31.2

58, 570
95.20
6,220
91.76
75.6
89.1
64.7
31.4

52, 000
94.75
3,001
85.13
73.1
80.9
72.0
43.8

59, 600
94.95
4,000
85.79
74.1
82.0
72.7
44.8

81, 100
86.00
26, 737
88.46
77.2
80.2
96.8
46.2

75, 500
84.89
24, 306
85.53
75.4
77.8
97.7
44.0

52, 777
69.76
3,461
36.40
32.8
32.4
52.9
13.1

88, 537
1,080
1,772
2,690
38
7,353

90, 561
805
1,775
2,728
38
7,450

90, 788
1,537
1,743
2,724
39
5,118

89, 855
1,442
1,724
2,643
40

65, 675
1,280
1,629
2,576
42
4,845

100, 705
1,060
1,696
2,605
43
5,310

85, 936
1,046
1,688
2,592
45
4,897

76, 630
1,030
1,675
2,602
57
5,050

59, 638
1,102
1,656
2,602
52
3,084

58, 689
1,004
1,598
2,514
50
3,689

40,291
678
1,457
2,105
12
4,250

618, 036
124, 199
28, 495
28, 230
9,406
157, 388
32, 590
237, 728

567, 847
93, 443
25, 946
25, 091
9,084
156, 571
31, 373
226, 339

653, 092
163, 717
26, 455
25, 843
10, 346
156, 970
32, 632
237, 129

630, 836
146, 904
25, 818
24, 515
10,911
157, 633
32, 377
232, 678

565, 342
122, 984
24, 640
23, 234
11, 103
138, 963
30, 064
214, 854

599, 543
119,018
24, 023
25, 810
11,361
158, 050
31, 125
230, 156

646, 003
113,547
24, 266
43, 084
18, 256
160, 624
34, 874
251, 352

623, 322
105,016
24, 835
39, 534
15, 290
160, 234
34, 412
244, 001

641, 730
121, 171
28, 466
46, 424
15, 397
172, 277
18,817
239, 178

609, 627
109, 007
28, 100
38, 439
15, 549
170, 292
14, 239
234, 001

488, 281
70, 070
15, 417
30, 607
13, 657
171, 031
5,103
182, 396

183
191
29
3,329

177
200
35
2,444

211
200
39
2, 353

231
220
55
2,256

207
191
44
2,727

228
201
90
1,789

404
442
76
10, 662

299
363
98
5,384

226
578
145
8,513

202
581
159
6,987

198
336
70
3,288

JuneS

June 1

June 24

July 2

j Statistics cover
series in order to
the
 series; 91 cities since Jan. 10,1934, and 90 cities before; 1 city was added to the • Aggregate price offsetpoundeffect of 1 member bank which ceased reporting.
f Revised
see p. 10 of the January 1935 issue.
of 1
each of 31 commodities.


SURVEY OF CURRENT BUSINESS

22

July 1935

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

1935

1934

1935
1

May

May

June

July

August Septem- October Novem- Decem- January
ber
ber
ber

February

March

April

1

BUSINESS INDEXES
BUSINESS ACTIVITY ( Annalist)!

78.4
Combined indexf *
normal =100 .
75.8
Automobile production! •— .normal =100. .
120.2
Boot and shoe production t— .normal =100-61.5
Car loadings, freight
normal =100-.
49.4
Cement production
- .normal =100
81.7
Cotton consumption..
.normal =100. 98.7
Electric power production. . .normal = 100..
Lumber production
normal — 100
51.5
Pig-iron production
normal=100.66.7
Silk consumption
normal =100
Steel ingot production!--, ---normal=100._
57.9
Wool consumption*
normal =100. .
Zinc production
normal=100-- ~~65.~6~

80 2
69.9
130.9
63.9
52.6
92.0
95.3
51 9
63.1
71 8
77.7
62.0
59.6

77.2
70.9
108. 2
64.9
52.8
68.5
95.8
47 6
64.6
61.7
77.4
54.6
52.3

73.2
68.3
108.9
61.9
49.6
77.6
96.7
44 8
40.6
58.2
40.8
49.8
51.0

71.2
62.4
108.3
59.6
43.8
82.4
94.1
55 5
34.8
57.1
34.3
48.2
52.5

66.5
53.1
92.5
59.1
46.8
58.5
92.4
50 2
31.2
54.4
34.3
29.2
53.7

70.5
51.4
89.0
57.6
40.8
92.2
92.5
46 7
31.8
75.5
36.1
57.6
66.2

71.5
46.4
99.2
58.9
42.3
86.0
93.6
42 5
33.3
60.8
42.8
82.2
68.0

77.4
80.9
110.7
63.1
43.9
84.3
97.8
46 3
37.2
74.6
57.3
97.6
67.3

83.2
104.3
124.2
66.2
37.9
97.0
98.5
54.6
52.3
67.1
69.1
110.7
64.6

82.5
100.7
116.2
67.3
39.8
90.1
99.3
53 5
58.1
68.2
68.4
88.8
65.9

80 9
102.1
« 116.8
66.8
43.1
82.5
98.8

79 7
98.7
a 114. 6
63.4
47 6
78.9
« 98. 7

54.4
70.1
61.4
89.8
64.6

50.9
68.3
58.1
113.2
67.2

INDUSTRIAL PRODUCTION (F. R. B.)
75
73
73
74
88
91
89
84
77
90
p88
89
73
Total unadjusted
1923-25=100 .
73
76
91
70
73
87
83
71
71
p88
89
91
Manufactures, unadjusted- .1923-25 =100. .
a 91
37
48
92
67
56
86
130
82
26
« 111
141
108
98
Automobiles!
.1923-25=100 62
34
53
72
64
63
47
35
25
27
65
68
50
Cement
--1935-25=100 _
122
110
100
103
90
79
75
78
108
76
Food products
1923-25 — 100
96
95
100
87
105
155
179
87
85
199
79
169
79
91
205
90
Glass plate
1923-25-100 ..
40
56
83
38
37
76
80
74
71
44
45
91
85
Iron and steel!
1923-25 = 100 .
102
93
89
99
110
107
88
a 111
p 102
108
97
98
109
Leather and shoes!
1923-25=100
30
26
38
33
29
29
32
25
Lumber
1923-25=100 .
35
29
P 102
Paper and printing
1923-25=100
154
152
151
155
156
153
157
156
154
153
Petroleum refining
1923-25 = 100. 160
153
156
92
102
73
78
76
106
110
102
102
80
103
81
Rubber tires and tubes
1923-25=100 _
12
14
12
140
19
48
69
41
133
88
47
50
Shipbuilding
- 1923-25 = 100
92
92
76
108
105
63
91
100
p 101
100
73
73
Textiles
--- .1923-25=100
89
124
129
115
121
139
128
136
144
135
128
127
130
139
Tobacco manufactures^. .-1923-25=100-92
85
83
87
84
91
90
84
87
?87
79
86
87
Minerals, unadjusted
1923-25 = 100_ .
72
62
82
68
71
45
72
50
65
p 71
52
60
70
Anthracite
- 1923-25^100
71
76
82
60
85
87
68
73
p60
58
51
61
58
Bituminous coal—.
1923-25=100-.
11
60
95
85
105
106
Iron ore shipments
1923— °5 — 100
60
52
52
60
56
43
49
58
57
62
51
57
65
57
Lead
1923-25 = 100..
120
123
126
129
130
126
125
132
131
120
P 131
130
Petroleum, crude
1923-25=100...
128
54
34
70
55
39
39
50
44
34
38
°49
50
43
Silver
- 1923-25-100
79
78
56
73
76
73
58
75
53
77
78
66
55
Zinc
1923-25 — 100
86
88
73
71
73
90
89
75
86
p85
76
83
Total, adjusted
- -1923-25 = 100
86
72
72
88
86
85
74
69
73
90
86
p 85
86
83
Manufactures, adjusted
1923-25=100..
104
106
61
41
88
" 103
51
40
110
85
81
78
78
Automobiles!
_. .1923-25=100
42
47
46
45
45
48
50
48
53
51
55
58
57
Cement
1923-25-100
102
77
102
91
81
102
106
120
107
80
78
98
96
Food products
1923-25 — 100
174
183
140
166
84
87
92
86
83
185
155
83
Glass pla+e
1923-25 — 100
77
64
41
79
71
79
38
37
48
66
65
84
47
85
Iron and steel!
1923-25—100
104
108
92
107
112
97
88
85
alOS
P 111
118
101
99
Leather and shoes!
1923-25=100.32
29
29
33
30
36
29
28
33
31
Lumber
1923-25-100
P 100
Paper and printing
1923 25—100
153
154
155
152
151
153
155
153
156
157
154
Petroleum refining
1923-25=100-.
153
160
101
93
82
133
115
79
79
107
88
84
83
81
Rubber tires and tubes
1923-25 = 100.
68
18
89
133
14
27
95
17
91
28
38
39
Shipbuilding...
1923-25 =100. . ~ ~ ~ V l 0 2
98
97
100
80
63
89
103
87
98
78
88
77
Textiles
1923-25-100
130
143
133
125
136
126
120
125
138
134
132
128
128
Tobacco manufactures
1923-25 = 100- .
82
96
97
81
90
94
80
81
87
p89
88
85
87
Minerals, adjusted
1923-25=100..
54
62
67
64
72
76
50
53
69
63
76
69
p?l
Anthracite
1923-25-100 !
72
64
74
81
"87
65
65
64
61
60
66
v 69
70
Bituminous coal
1923-25=100.
44
14
52
35
47
54
Iron ore shipments
1923 25—100
40
50
55
55
60
48
44
56
55
58
53
66
56
Lead
1923-25 = 100
63
132
132
124
122
121
124
122
131
130
128
p 130
127
130
Petroleum, crude
... 1923-25= 100' .
53
65
36
39
50
39
35
°49
51
44
45
40
50
Silver
1923-25-100
74
74
73
76
71
60
61
77
75
73
57
58
65
Zinc
1923-25 = 100.,
t Revised series, refer to the indicated pages of the monthly issues for revisions; Annalist indexes complete, annually 1920-28, monthly January 1929-December 1932,
October 1933, p. 19; Annalist indexes, combined, automobile and steel ingot production for 1933, August 1934, p. 22; Annalist indexes, boot and shoe production for 1934,
April 1935, p. 22. Federal Reserve Board indexes, leather and shoe production, January 1923-October 1933, January 1934, p. 19; automobile and iron and steel production
for 1933, September 1934, p. 22.
• Annalist indexes, combined, automobile production and wool consumption revised for 1934. Revisions for the combined index, January 73.1, February 76.7, March
78.9, and April 80.0; automobile production, January 56.7, February 70.6, March 79.6, and April 78.1; wool consumption, January 73.8, February 74.3, March 74.3, and
April 67.1.
a Revised.
p Preliminary.




23

SURVEY OF CURRENT BUSINESS

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

1935
May

1935

1934
May

June

July

August

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

BUSINESS INDEXES — Continued
MARKETINGS
Agricultural products* (quantity)
1923-25=100..
Animal products
1923-25=100..
Dairy products
1923-25=100..
Livestock
1923-25 = 100
Poultry and eggs
_. 1923-25=100.
Wool.
__
1923-25=100—
Crops
1923-25=100
Cotton
1923-25=100
Fruits
1923-25=100..
Grains
1923-25=100—
Vegetables
1923-25=100Agricultural products, cash income received
from marketings of:*f
Crops and livestock:
Unadjusted
_
~ . 1924-29= 100. _
Adjusted
.1924-29=100
Crops, adjusted.
1924-29= 100. _
Livestock and products, adjusted
1924-29= 100. _
Dairy products, adjusted. .1924-29= 100. _
Meat animals, adjusted— .1924-29=100..
Poultry and eggs, ad justed .1924-29= 100. _

63
82
116
61
117
130
43
22
89
30
94

77
97
123
83
120
91
56
42
108
37
102

74
93
127
77
100
253
54
28
60
57
120

92
107
124
100
77
444
78
35
87
119
75

93
112
118
122
67
173
74
50
92
101
54

105
102
100
116
63
105
107
160
81
69
82

114
100
102
111
70
91
129
210
104
58
108

89
93
86
91
105
81
84
134
74
38
76

73
84
78
81
102
36
62
86
66
33
64

59
74
88
75
66
34
43
42
67
23
78

50
60
77
56
63
18
39
31
69
22
83

54
66
76
57
91
35
41
34
67
24
86

57
75
89
61
111
54
39
19
82
27
90

57.5
61.5
52.0

50.0
58.0
59.5

48.5
65.5
77.0

54.5
71.0
87.5

60.0
62.5
68.0

69.0
60.5
58.0

74.5
55.0
47.0

57.5
52.0
40.5

51.5
49.5
41.5

51.0
52.0
40.0

45.0
54.0
43.5

49.0
56.5
47.5

54.0
64.5
57.5

71.5
76.5
67.0
77.5

56.0
65.0
51.5
52.0

54.0
63.5
48.0
51.0

54.5
65.0
47.5
50.5

56.5
70.0
48.5
53.0

63.0
72.0
58.5
57.5

63.5
72.5
57.5
60.0

63.5
73.5
54.0
71.5

58.0
72.5
49.5
58.5

64.5
76.0
59.0
60.5

65.0
79.0
57.0
65.0

66.5
73.5
63.0
65.5

72.0
80.0
67.5
73.5

136
108
117
84
116
105
80
150
78
113
159
159
158
94
171
93
198

132
109
115
94
117
95
79
143
92
107
161
148
149
93
162
97
182

140
114
117
108
116
96
79
141
115
109
162
130
161
90
198
108
173

143
108
119
103
116
96
78
145
79
112
160
119
169
92
217
105
173

154
109
121
103
117
93
79
150
91
113
161
119
187
109
217
107
217

160
108
117
100
117
94
79
155
86
113
150
120
198
122
208
113
254

161
107
«114
100
117
96
81
160
71
113
152
123
200
121
202
107
269

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

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

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

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

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

260
407
225
347
260
328
147
83
202

259
392
218
369
287
304
142
83
215

*265
»396
221
387
242
309
142
78
241

262
*390
231
374
238
295
141
74
237

"250
"368
221
373
234
267
146
74
228

*236
*>361
191
363
210
273
153
79
211

»229
*363
174
354
200
294
148
72
190

*229
370
171
352
186
295
145
66
196

*224
342
163
358
208
291
140
71
190

*219
*344
150
361
215
310
142
94
171

P224
*362
162
361
205
306
153
93
161

*>223
"350
151
362
211
320
162
|80
162

STOCKS
Domestic stocks.
1923-25= 100. _
113
102
Manufactured goods
_ 1923-25 =100__
Chemicals and allied prod. 1923-25 =100__
114
Food products
1923-25=100. _
72
Forest products
.1923-25=100
114
Iron and steel products
1923-25=100..
101
Leather
_ 1923-25 = 100
80
Metals nonferrous
1923-25—100
149
Paper, newsprint
1923-25 = 100. _
62
Kubber products
1923-25-100
114
Stone, clay, and glass
1923-25= 100. _
162
Textiles
1923-25 = 100_ _
121
Raw materials
1923-25=100
121
Chemicals and allied prod_1923-25=100__
84
Foodstuffs
1923-25=100
99
Metals
__
. . 1923-25 =100
.
95
Textile materials
1923-25= 100. _
179
World stocks— foodstuffs and raw materials:
Totalf
1923-25= 100. _
Coffee— adj. for seasonal . _ .1923-25= 100. _
~~~V369~
Cotton— adj. for seasonal... 1923-25 =100. _
158
Rubber— adj. for seasonal 1-1923-25= 100. .
355
Silk— adj. for seasonal
1923-25=100..
201
Sugar— adj. for seasonal!- -.1923-25— 100..
Tea— adj. for seasonal
1923-25= 100_ _
Tin— unadjusted
1923-25—100
§b~
Wheat— adj. for seasonal .__ 1923-25=100..

COMMODITY PRICES
COST OF LIVING (N. I. C. B.)
Total, all groups
Clothing
Food
Fuel and light
Housing
Sundries

1923=100
.1923=1001923 = 100
1923=100
1923=100..
1923 = 100

.

82.9
75.0
85 1
83.9
69.6
92 5

78 6
77.8
74 1
85 7
64.2
92 4

78 8
77.3
74 5
85 8
64.6
92 5

79 1
77.0
75 2
86 4
64.7
92 5

79 6
77.2
76 5
86 9
65.4
92 3

81 0
77.6
79 9
87 4
66.0
92 4

80 9
77.5
79 1
87 5
66.4
92 8

80 8
77.4
78 8
87 6
66.6
92 8

80 8
77.3
78 4
87 5
66.8
93 0

81 6
76.9
81 1
87 1
66.9
93 0

82 4
76.3
83 5
87 1
67.4
93 0

82 4
76.0
83 3
87 1
67.9
93 0

83 2
75.4
85 4
86 0
68.7
93 0

108
110
105
108
98
112
118
127
89

82
72
90
91
110
78
64
89
92

«85
72
94
°92
137
89
64
80
90

87
76
99
94
113
91
66
102
94

96
86
107
97
101
106
68
108
125

103
104
110
99
93
112
82
133
126

102
108
107
99
98
109
74
110
137

101
125
107
105
94
109
72
107
123

101
119
109
107
85
116
73
130
113

107
114
108
112
87
115
96
117
111

111
119
108
121
90
114
105
188
101

108
97
102
114
90
111
117
162
92

111
105
103
117
105
115
117
156
92

FARM PRICES (Dept. of Agri.) § t
Total, all groups
Chickens and eggs
Cotton and cottonseed
Dairy products
Fruits
Grains
Meat animals
Truck crops
Miscellaneous

1909-14=100
1909-14=100
1909-14= 100. .
1909-14=100
1909-14=100
1909-14=100
1909-14=100 _
1909-14 = 100
1909-14=100

RETAIL PRICES
Department of Labor indexes:
Coal.
1913=100148
162
164
156
159
165
166
165
164
157
165
165
158
Food #
1913=100124
112
122
108
110
114
122
109
117
116
115
119
124
Fairchild's index:*
Combined index
Dec. 1930=100
86 1
88 6
88 2
87 9
87 7
87 7
87 4
86 8
86 3
87 4
87 2
86 6
86 3
Apparel:
Infants' wear....
.Dec. 1930=100..
93.5
94.4
93.4
94.0
94.3
93.9
93.9
94.0
93.9
93.9
93.6
93.8
93.8
Men's
Dec. 1930=100..
87.3
88.1
88.3
87.3
87.4
87.4
87.7
87.7
87.7
87.4
87.3
87.7
87.4
Women's
Dec. 1930=100..
87.8
91.0
90.4
90.1
90.8
89.8
89.5
88.8
88.1
87.9
87.8
87.7
87.7
Home furnishings
Dec. 1930=100
88 2
88 4
88 1
88 2
88 5
88 9
88 9
89 2
88 2
88 5
88 2
87 9
88 1
Piece goods
-Dec. 1930=10084.6
85.5
86.3
85.5
84.8
87.6
85.' 1
85.5
86.1
86! 0
85.8
85.8
"84.8
« Revised.
v Preliminary.
* New Series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products, p. 19 of the December 1932 issue, Fairchild price index and
pp. 19 and 20 of the March 1933 issue, marketings.
§ Data for June 15, 1935: Total 104, chickens and eggs 108, cotton and cottonseed 103, dairy products 100, fruits 100, grains 100, meat animals 102, truck crops 119, miscellaneous 96.
f Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—revised total, rubber adjusted and sugar
adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from July 1933-June
1934. See p. 23 of the September 1934 issue.
# The data
15th
 on retail prices of food until Aug. 15, 1933, were reported as of the to theof each month. From then on the prices have been reported every 2 weeks. The
monthly figures for months subsequent to August 1933 represent the figure nearest
15th of the month.



SURVEY OF CUEEENT BUSINESS

24
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
May

July 1935

June

May

July

1935

August Septem- October Novem- Decem- January Februber
ary
ber
ber

March

April

COMMODITY PRICES—Continued
WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100 .
Economic classes:
Finished products
-. .1926=100.
Raw materials
1926=100..
Semimanufactures
1926 = 100
Farm products
1926=100.Grains
1926=100
Livestock and poultry.
1926=100..
Foods
.
1926= 100. _
Dairv products
1926= 100
Fruits and vegetables
1926 = 100. .
Meats
1926=100..
Other products
- 1926=100.
Building materials
1926 = 100. .
Brick and tile
1926=100.
Cement
1926 = 100..
Lumber
1926=100
Chemicals and drugs
1926 = 100..
Chemicals
1926 = 100
Druesand pharmaceuticals!926= 100Fertilizer materials
1926 = 100. .
Fuel and lighting
. 1926=100
Electricity
1926 = 100 .
Gas
1926 = 100
Petroleum products
1926 — 1 00
Hides and leather
1926=100
Boots and shoes
1926 — 100
Hides and skins
1926 = 100
Leather
1926=100
House-furnishing goods
1926 = 100- _
Furniture
1926 = 100
Furnishings
1926 = 100. .
Metals and metal products .1926 = 100-Iron and steel
1926=100-Metals. nonferrous
1926 = 100
Plumbing and heating equipment
1926 — 100
Textile products
. . 1926=100
Clothing
1926 = 100_Cotton goods
_ 1926 = 100
Knit goods
...1926=100-.
Silk and rayon
1926=100
Woolens and worsted
1926 = 100..
Miscellaneous
1926 = 100
Auto tires and tubes
1926=100.Paper and pulp
1926 = 100
Other wholesale price indexes:
Bradstreet's (96)
1926-100
Dun's (300)
. . ... 1926=100
World prices, foodstuffs and raw materials:*
Combined index
1923-25=100
Coffee
.-.1923-25=100-Copper1923-25=100..
Cotton _ _
1923-25=100
Rubber
1923-25=100
Silk..
1923-25=100
Sugar
1923-25=100
Tea
1923-25=100
Tin
1923-25=100
Wheat
1923-25 = 100
Wholesale prices, actual. (See under respective commodities.)

80.2

73.7

74.6

74.8

76.4

77.6

76.5

76.5

76.9

78.8

79.5

79.4

80.1

82.4
77.6
73 5
80.6
83 2
87.6
84. 1
77 7
66.3
97.0
77 6
84.8
89 3
94.9
79 8
81.2
87 5
74.2
65.9
73 1
59 2
88 3
97 2
76 1
79 6
80.6
77 i
84 1
86.6
86 6
69 2

77.8
65.1
73 7
59.6
63 9
47.8
67. 1
67 1
68.2
60.0
78.9
87.3
91.2
89.4
85 9
75.4
78 6
72.8
66.4
72 5
88.9
94 6
50 7
87 9
98 5
73 5
76 3
82.0
80 1
84. 1
89.1
90. 2
08 1

78.2
67.3
72.9
63.3
72 4
48.3
69.8
73.0
70.1
62.2
78.2
87.8
91.1
93.9
86.3
75.6
78 6
73.1
67.9
72.8
90.6
97.5
50 6
87. 1
98 4
70 1
75.3
82.0
79.0
85.1
87.7
88.6
68 5

78.2
68.3
72 7
64. 5
74 8
48.8
70 6
74 8
68.2
63.4
78 4
87.0
91 3
93.9
85 3
75.4
78 5
73.0
67.6
73 9
92 4
99 2
51 3
86 3
98 0
66 6
75 1
81.6
78 5
84 8
86.8
86 7
68 8

79.2
71.6
72.6
69.8
86 0
56.2
73.9
77.3
65.6
69.4
78.3
85.8
91.3
93.9
81.8
75.7
79.2
72.7
64.8
74.6
92.6
99.2
51 6
83 8
97 9
57 4
71 3
81.8
78 9
84.6
86.7
86.6
68 9

80.1
73.9
71.8
73.4
88 1
64.1
76.1
76.2
66.0
76.6
78.3
85.6
91.3
93.9
82.3
76.5
80.3
72.7
66.4
74.6
95.2
99.3
51.3
84.1
97 9
60.4
70.6
81.8
78.8
84.8
86.6
86.5
68 4

79.2
72.1
71.5
70.6
85 0
55.3
74.8
77.1
67.6
70.0
78.0
85.2
91.2
93.9
82.0
77.1
81. 1
73.5
65.7
74.6
94.5
96.9
50 4
83.8
97 7
59 7
70.5
81.7
79 0
84.4
86.3
86. 2
68 1

79.3
72.2
71. 1
70.8
87 2
54.0
75.1
78.6
65.3
68.4
78.0
85.0
91.2
93.9
81.2
76.9
80.9
73.5
64.6
74.4
94.0
92.4
50 5
84.2
97 3
63 1
70.8
81.3
78.4
84.3
86.2
86.0
67 7

79.5
73.1
71.0
72.0
91 5
57.2
75.3
79 6
62.4
69.0
78.0
85.1
91.2
93.9
81.2
77.8
82 2
73.4
65.3
73.7
93.1
89 3
49 8
85. 1
97 2
67 4
71.8
81.2
78.2
84.2
85.9
85.6
67 5

80.8
76.6
71.2
77.6
88 8
73.3
79.9
83.5
62.8
81.6
77.7
84.9
91.1
93.9
79.9
79.3
84.5
73.1
66.5
72.9
89.9
87.6
48 8
86 2
97 1
71 1
74.3
81.2
78.2
84.3
85.8
85.7
67.6

81.5
77.4
71.7
79.1
87 4
78.4
82.7
87.0
63.6
87.9
77.4
85.0
90.6
93.9
80.5
80.4
86 5
73.1
66.2
72.5
90.3
87.7
48 7
86.0
97 2
69 6
74.6
80.7
77.2
84.1
85.8
86.1
67 2

81.7
76.6
71 8
78.3
82 8
85.8
81.9
82 9
63.2
91.6
77.3
84.9
90 2
94.4
79 9
81.5
88 1
73.0
66.3
73.0
88.3
88 6
49 8
85 4
97 2
66 6
74 2
80.7
77 3
84.1
85.7
86 0
67 1

82.3
77.5
72 3
80.4
87 9
85.9
84.5
84 9
67.3
94.3
77 2
84.6
89 7
94.9
79 9
81.0
87 2
73.8
66.0
72 8
87.8
88 0
51 0
86 3
97 2
71 2
74 9
80.7
77 1
84 2
85.9
86 0
68 2

67 1
69 4
78.5
82 7
60 4
27 6
73.5
68 7
45.0
80 0

75 0
73 6
82.7
86 3
65.3
26 5
81.0
69 8
44.6
83 7

75 1

82.6
86.0
62.8
25 0
80.8
70 2
44.6
83 5

75 0
71 5
81 9
85 1
59.5
24 5
80.7
69 9
44.6
82 4

75 0
70 8
79.5
86 4
59.3
24 4
78.9
70 2
44.7
82 4

71 6
71. 1
79.7
87.8
59.9
24.3
78.0
70 2
44.7
82 4

68 1
70. 3
79.1
86.6
60.5
24.8
74.8
69 7
44.7
82 4

68 8
69.7
78.4
84.4
61.0
25.8
74.1
70.6
47.5
82 1

68 8
70.0
78.4
84.3
61.9
27. 1
74.0
71 0
47.5
81 5

68 0
70.3
78.4
84.1
63.5
28.6
73.8
70.7
47.5
81 5

67 1
70.1
78.5
83.3
63.6
28.1
73.6
70. 1
47.5
80 9

67 2
69 4
78.5
82 4
62.5
27 3
73.1
69 2
46.6
80 6

67 1
69 2
78.5
81 8
61.6
27 6
73.1
68 7
46.3
80 4

76 7
92 4

70 7
86 9

71 5
88.6

72 1
89 0

73 4
89 7

73 2
90.2

71 8
89 1

71 9
90.2

73 5
91.8

75 7
93.7

75 8
93.7

74 8
91.4

75 8
93.4

49 5
42.0
63.5
45.2
28 1
19 8
59 4
65 3
101 7
53 4

40.3
55.9
59.9
41.9
31 0
17.9
19 5
74.3
106 5
42.4

43.6
55.9
62.1
45.2
31 6
16.8
32 9
69.0
101 9
42.7

47 0
53 9
63.5
47 4
34 2
15 9
41 6
66 4
103 3
48 4

50 4
56.8
63.5
49.3
36 2
15.8
43 4
67.5
103 3
59.4

50.1
56.8
63.5
48.2
36 0
15.7
49 4
64.2
102 4
54.5

48 3
55.9
63.5
46.0
32 7
16.6
49 9
66.6
101 3
48.8

48.2
54.9
63.5
46.3
30 5
18.0
50 9
64.5
101 9
48.3

48.9
55.4
63.5
46.7
30.3
19.0
51. 1
61.3
101 2
51.4

47.9
54.4
63.5
46.7
30.7
18.8
47.4
61.4
101 2
49.8

°47. 6
50.9
63.5
46.3
30.1
20.0
0
49.6
62.1
99 4
48.3

"46.8
46.0
63.5
42.3
26.8
18.5
0
53 1
61.7
93 3
51.0

125.6
120.8
136. 1
122.9

136.6
138.5
179.2
129.5

135.0
137.4
170.9
129.2

134.6
136.2
168.9
128.7

131.8
134.0
153.1
127.9

129.7
128.2
142.7
125.6

131.6
129.5
144. 1
125.8

131.6
130.4
145.6
125.9

130.9
131. 1
145.6
125.9

127.7
126.4
137.4
124.7

126.6
122.9
132.5
123.6

126.9
123.2
136.1
123.6

0

48.2
43.5
63.5
43.0
26.9
19.4
0
58.4
65.8
99 7
50.9

PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
Retail food prices
Farm prices f
Cost of living

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

125.8
120.8
132.5
122.4

CONSTRUCTION AND HEAL, ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F. R. B.: I
Total, unadjusted .
1923-25= 100. .
30
Residential
1923-25= 100. _
23
Total, adjusted- .
1923-25 = 100
25
Residential
1923-25-100
19
F. W. Dodge Corporation (37 States): A
Total, all types:
Projects
number-- a 10, 499
Valuation
thous. of dol.. 126, 719
Nonresidential buildings: f
Projects
number. . 3,177
Floor space
thous. of sq. ft._
9,073
Valuation
thous. of dol.. 50, 431

29

28

25

22

24

26

30

12
31

11
31

10
31

10
27

13
28

16
26

°22
«27

12

11

12

12

14

16

18

7,666
110, 151

10, 013
135, 225

7,505
111, 692

5,771
92, 685

6,458
99, 774

6,135
75, 047

8,929
122, 941

10, 570
124, 020

, 2,787
7,524
42, 309

3,535
7,885
43, 686

2,696
7,258
39, 440

2,170
4,939
28, 067

2,526
5,622
32, 958

2,349
4,985
30, 613

3,103
6,994
44, 477

3,388
7,774
41, 328

32

31

30

28

13
26

13
26

12
27

10
27

12

12

10

11

9,153
8,368
134, 364 a 127,055

7,182
119,663

7, 625
120, 015

2,905
8,275
60, 751

3,134
8,996
50, 816

11

3, 210
8,093
52, 722

0

3,061
7,147
43, 081

30

11
29

0
Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World prices, p. 20, September 1932; Purchasing
Power of the Dollar (except for farm prices), p. 18, August 1933.
t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.
Farm prices (purchasing power) are on p. 20 of the April 1935 issue.
A A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August
1934 issue.
t Indexes are based on 3-month moving average of F. W. Dodge data centered at second month.




25

SUEVEY OF CURRENT BUSINESS

July 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and
references to the sources of the data, may
be found in the 1932 Annual Supplement
May
to the Survey

1934
May

1935

|
|
June
July j August Septem- October Novem- Decem- January February
ber
ber
j
|

March

April

CONSTRUCTION AND REAL ESTATE—Continued
I

CONSTRUCTION CONTRACTS
AWARDED— Continued
F. W. Dodge Corporation (37 States)— Con.
Public utilities:^
132
Projects
number-5,419
Valuation
thous. of doL.
Public works:#
923
Projects
number
25 967
Valuation
thous of dol
Residential buildings:
Projects
number. _ a 6, 267
Floor space
thous. of sq. ft_. a 13, 136
Valuation
.. -thous. of doL. 44, 902
Engineering construction:^
Total contracts awarded (E. N. R.)
thous. of doL . 122, 827

i

205
5,599

232
13, 069

199
7,901

206
8,651

196
6,510

289
12, 642

252
8,496

165
12,911

156
8,707

122
3,885

161
6,475

158
7,319

1,537
51 202

1,344
44 340

1,051
31 166

1 087
41 906

1,313
43 479

1,918
52 598

1 210
43 847

945
37 156

876
35 699

700
23 933

933
39, 779

926
33 170

4,201
6, 159
24, 840

3,731
7,504
26, 565

3,027
4,795
19, 845

3, 198
5,030
18, 641

3,370
4,847
17, 854

4,271
7,015
26, 300

3,347
5,319
19, 910

2,491
4,048
14 551

2 900
5,528
22 410

2,964
4,569
16, 617

4,732
8,809
32, 209

6,098
11, 925
42, 203

116, 743

109, 993

118, 000

109, 115

94, 439

90, 501

134, 148

101, 419

148, 264

68, 089

90, 958

116, 972

3,752
2,200

2,628
1,572

2,949
2,093

2,858
1,557

4,600
3,491

5,082
3,760

3,619
3,101

6,301
4,33b

3,271
2,356

2,331
1,683

2,541
1,978

1,706
826

2,405
43, 297

1,718
31, 149

1,225
22, 481

1 614
25, 548

2 886
38,824

2 845
43, 654

2 892
46, 851

3 320
58, 065

3 367
57, 573

3,561
59, 385

3, 193
51, 509

2,643
40, 622

288 460
267, 371
8,914
14, 311

283 506
263, 042
8,634
13 674

267 509
246, 394
8,421
12 524

231 554
211,960
7,608
10 220

203 027
183, 915
7,123
8 831

179 453
160, 775
6,093
7 879

156 599
139, 017
5,399
7 280

147 807
131, 388
4,714
6 911

145 639
130, 660
4,146
6 836

155 448
140, 060
4,031
7 166

170, 756
154, 988
4,103
7,916

187 675
171, 294
4,093
8,804

178

158
180

158
180

157
182

157
183

157
182

158
181

158
181

158
180

158
180

158
179

178

178

194.1

199.6

199.6

199.7

198.4

200.6

200.9

201.4

201.9

198.7

196.0

194.3

194.5

HIGHWAY CONSTRUCTION
Concrete-pavement contract awards:
2,250
Total
thous. of sq. yd—
1,111
Roads only
thous. of sq. yd—
Highways:
Approved for construction (N. I. R. A.}:*
1,889
Mileage
number of miles..
Public works funds allotted-thous. of dol._ 33, 480
Under construction (IV. I. R. A.):*
191, 522
Estimated total cost
thous. of dol
Public works funds allotted-thous. of dol . _ 175, 478
4,110
Federal aid funds allotted. thous. of dol—
9,121
Mileage
number of miles _
CONSTRUCTION COSTS
Building costs— all types (American Appraisal Co.)* _ . _
—
1913=100..
Building costs— all types (A.Q.C.). 1913 =100Building costs—all types (E. N. J?.)§
1913=100..
Building costs— factory (Abcrthaw)
1914=100—

177

177

177

177

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

21, 238
17,287
75, 836

25, 271
16, 680

20, 006
16 348

19, 484
15, 499

19, 613
15 462

16, 244
15, 972

18, 236
16 723

20, 114
16 940

23, 896
17 736

23, 431
17 896

25, 082
15, 319

24, 943
17, 785

23, 268
17, 287

82, 585

77, 142

72, 616

74, Oil

13 002
39, 469

54 990
166, 836

36 542
104, 920

23 140
70, 664

13 807
39, 475

86, 842

86, 248

85, 723

85, 519

86, 647

87, 446

87, 714

87, 258

119, 791

97, 679

66, 157

72, 022

39, 317

35, 675

14 171

2

64 172
208, 294

71 768
223, 440

78 046
235, 468

69 738
202, 443

59 240
179, 300

65 813
201, 212

54 468
170, 545

2, 344

54 036
169, 019

DOMESTIC TRADE
ADVERTISING
Printer's ink indexes (adjusted for seasonal
variation) :*
Combined index.
1928-32=100
72.9
74.7
78.8
74. 0
81.2
75. 6
74. 5
80. 0
74. 9
77. 8
79. 5
74.9
79.8
Farm papers..
. 1928-32=100
64.6
52. 1
51.8
48.6
53.6
65.8
56. 1
45. 5
60.0
53^7
58. 4
57.7
64. 5
Magazines
1928-32—100
80. 1
77. 7
78. 1
81. 8
79. 6
73. 4
77.8
75. 2
79. 9
80. 9
80. 5
80.4
77. 9
Newspapers- . .
_. 1928-32=100
73^2
80.4
77.0
72.1
73. 5
72. 1
77^8
75. 3
75. 4
76. 6
7L8
78. 7
78.7
45' 5
48* 2
Outdoor
1928-32 — 100
60. 1
55.7
48. 2
60! 6
52. 8
49. 1
63. 1
39l 1
56.4
59. 0
59.' 2
Radio
1928-32=100
iseis 179.6
145^4
178!l
169.8
159^6
189! 5
150. 5
141. 6
176. 9
181. 5
163. 9
168.1
Radio broadcasting:
Cost of facilities, total
thous. of doL.
4,822
4,412
3,979 « 3, 731
4,646
2,249
4,363
4,527
3,104
4,451
2,495
2,561
4,289
312
398
Automotive
thous. of doL.
363
222
544
299
380
408
178
371
309
188
333
Drugs and toilet goods
thous. of doL.
1,552
1,607
1, 298 « 1, 167
1,513
1,610
969
1,022
1,460
1,450
787
1,497
921
Foods
thous. of doL.
1,139
1,300
1,259
1,303
1,197
« 978
1,279
719
700
1,218
1,079
829
688
Petroleum products
thous. of dol__
272
216
281
243
325
289
273
193
318
202
189
282
188
Tobacco manufactures
thous. of doL.
321
293
306
302
280
319
46
316
310
93
38
336
187
All other*
thous. of doL.
929
791
680
720
730
633
663
415
336
430
809
671
556
Magazine advertising:
Cost, total
thous. of doL. 12, 142
11, 973
6,530
9,646
12, 754
7,291
11, 586
8,938
8,008
10, 653
10, 852
10, 822
9,200
1,462
1,641
Autornotive
thous. of doL.
855
362
829
1,665
755
965
1,639
997
1,016
1,678
1,386
Drugs and toilet goods
thous. of doL.
2,382
1,452
2,503
2,598
1,992
2,185
1,819
1,502
2,170
2,436
1,884
1,698
2,119
Foods
-thous. of dol
1,733
1, 072
1,827
1,823
1,636
1,680
2,071
1,836
1,366
1,711
1,607
1,330
1, 568
Petroleum products
thous. of doL.
226
329
103
158
229
163
368
213
228
180
248
303
288
621
Tobacco manufactures
thous. of doL.
532
489
503
539
406
581
425
433
548
461
486
454
All other*
thous. of doL.
5,331
5,862
3,771
5,389
2,668
3,479
5,095
4,978
4,400
6,010
2,557
3,577
4,707
2. 136
1. 581
2.014
2.276
1.534
1.827
2. 264
2.317
2.700
Lineage. totalt__
thous. of lines
2.618
2. 501
2. 271
1 . 853
« Revised.
* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N. I. R. A. highway work started in September 1933,
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. Home Owner's Loan Corporation data from September
1933 to April 1934 will be shown in a subsequent issue. Total loans closed to May 31, 1935, $2,618,352,907. Printer's Ink indexes from January 1922-April 1934 appear on
p. 20 of this issue. Data prior to May 1934 on "all other" radio and magazine advertising not published. See special note below on foreclosures.
f Revised series. See p. 20 of the October 1933 issue, magazine lineage.
§ Index as of June 1, 1935, 194.8.
• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States;
having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,
209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the
figures for these months are from a slightly different number of communities.
2
Receipt of applications stopped on Nov. 13, 1934, and was not resumed until May 28,1935. The December figures are the result of various adjustments and audits of
the number of applications received during the preceding months.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
1 Months of May, August, and November 1934 and January and May 1935 include 5 weeks; other months include 4 weeks.
4
 143854—35



SURVEY OF CURRENT BUSINESS

26
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935
May

Julv 1935

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ary
ber
ber

March

April

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

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

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

115,854
20 174
95, 680
8,978
1 614
20, 504
64, 584

112, 122 103, 646
17 Q32
18 689
94, 190
84, 957
9,296
9,503
1 481
1 528
21, 798
19, 531
61, 616
54 395

83, 183
16 475
66, 709
7,076
1 718
15, 279
42 636

87, 692
17 790
69, 902
6,514
1 219
13, 769
48 401

96, 378 108, 810 106, 999 105, 669
17 936
18 605
17 414
17 389
78, 442
90, 205
89, 585
88, 280
4,841
3,917
3,592
3,920
1 193
1 432
1 653
1 285
16, 103
22, 039
13, 482
19, 095
62 595
56 305
65 614
69 446

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

85, 430
15 323
70, 108
4,183
1 450
16, 939
47 535

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

0

0

63 1

66 0

70 1

65 8

66 0

63 9

63 2

65 7

67 1

66 3

65 2

2,329

2,320

2,185

2,048

2,013

1,788

2,140

2,092

2,106

2,608

2,159

2,356

246, 861

374, 591

454, 193

511,006

487, 707

580, 239

516, 205

581, 405

508, 804

528, 398

643, 044

3 714
35 237

3 553
34 097

3 452
33 896

3 270
32 670

3 286
32 795

3 138
31 753

3 915
36 639

4 394
34 306

4 040
38 328

3 780
36 429

3 625
33 812

3 911
36 834

3 805
36 700

12 177
92 975

11 257
89 684
2,219

10 953
88* 088
2,422

9 784
83 727
2,043

10 253
88 045
2,299

10 375
87 976
2,507

12 620
111 756
1,985

12 049
102 390
2 267

13 142
101 699
5,567

11 916
90 710
2,217

10 777
82 717
2,148

12 822
95* 674
2^579

12 444
94 393

27, 365
3,222

25, 981
2,879

23, 899
2,769

21,419
2,661

23, 198
2,758

23, 527
2,664

27, 527
3, 106

25, 825
2,825

33, 164
3,930

25, 827
3,112

24, 118
2,907

27, 313
3,049

26, 775
3,110

64 5

63 6

NEW INCORPORATIONS
Business incorporations (4 States). .number..

2,318

POSTAL BUSINESS
Air mail, mile performance* -thous. of pounds
Money orders:
Domestic, issued (50 cities):
Number
thousands .
Value
thous of dol
Domestic, paid (50 cities):
Number
thousands
Value
..thous. of dol..
Foreign, issued— value
thous. of dol__
Receipts, postal :1
50 selected cities
thous. of doL.
50 indutsrial cities
thous. of doL.
RETAIL TRADE
Automobiles:*
New passenger car sales:
o 116 7
Unadjusted
1929-31 = 100
97 7
78 1
73 9
51 9
72 7
84 6
47 3
27 7
51 5
100 2
39 2
63 1
Adjusted
1929-31 = 100..
69.5
53.0
78.5
55.5
67.0
86.5
94.5
63.5
56.0
59.0
49.0
63.0
75.0
Chain store sales:
Chain Store Age index:*t
Combined index (18 companies)!
av. same month 1929-31 = 100..
92
90
93
92
94
96
92
95
92
96
96
93
93
Apparel index (3 companies)!
av. same month 1929-31=100..
104
100
98
91
88
99
101
105
102
99
96
97
95
Grocery (5 companies)!
av. same month 1929-31=100..
82
88
89
89
86
88
84
85
86
85
85
86
87
Five-and-ten (variety) stores:*
Unadjusted
1929-31=100
85 5
92 9
85 9
90 0
91 3
75 8
78 1
86 3
79 7
92 9
163 9
79 9
67 2
Adjusted
1929-31=100 .
85 9
89 5
89 5
90 0
88 9
90 8
90 6
90 0
90 8
90 3
93 0
91 5
90 2
H. L. Green Co., Inc.:*
Sales
..thous. of dol
2 287
2 081
2 158
2 218
2 384
2 327
1 609
1 981
1 840
1 974
4 446
2 289
1 557
Stores operated
.
number..
132
131
132
132
131
128
129
131
132
130
130
128
130
S. S. Kresge Co. :
Sales
thous. of dol. _ 10, 872
11 680
11 523
9 472
21 213
8 975
10, 328
11, 518
10 252
10 414
11 499
11 285
8 488
723
Stores operated
number
727
732
734
735
724
724
728
731
734
726
731
732
S. H.Kress & Co.:
Sales
thous. of dol
5 934
5 685
6 367
4 968
5 472
6 096
5 336
12 412
6 441
6 182
4 762
5 757
5 574
Stores operated
number..
232
227
232
227
232
230
229
227
232
232
230
232
232
McCrory Stores Corp.:
2 148
Sales
. .thous. of dol_.
3,027
2,612
2,390
2 667
2 820
2 365
2,777
2,317
2 745
2 658
5 526
2 419
Stores operated
number..
194
205
204
194
205
194
194
205
205
202
200
195
207
G. C. Murphy Co.:
Sales
thous. of dol. _
1,891
2,367
2,481
2,576
2,420
2,076
2,118
2,105
4,471
2,266
2 466
2 426
1 803
Stores operated
number
181
186
186
181
181
181
184
186
185
186
181
186
F. W. Wool worth Co.:
Sales
_. thous. of dol._ 21, 050 « 22, 004 22 000
21, 342 23,304
18 219
22, 382
19 515
20 795
22 332
39, 566
20, 483
17 148
Stores operated
number
1,962
1 946
1 954
1 954
1 956
1 960
1 949
1 951
1 954
1 960
1 949
1 956
1 955
Restaurant chains (3 companies)3,465
3,520
3,562
3,458
Sales
_
thous. of dol_.
3,475
3,623
3,725
3,444
3,766
3,193
3,308
3,265
3,418
356
369
359
359
357
373
Stores operated
number. _
372
372
372
368
367
365
361
Other chains:
W. T. Grant & Co.:
6,572
6,953
7,663
7,430 " 7, 179 • 7, 347
7,822
5,571
Sales
....
thous. of dol. _
5,743
6,295
7,494
14, 212
5,166
466
467
Stores operated
number
469
461
462
465
457
458
458
465
458
464
465
J. C. Penny Co.:
12, 039
16, 980 a 17, 085
19, 984
21, 242
15, 507
17, 597
Sales
thous. of dol
21, 381
29,300
16, 797
13, 967
16, 119
12 905
1,474
Stores operated
number..
1,468
1,474
1,478
1,467
1,478
1,469
1,465
1,465
1,467
1,473
1,474
1,474
Department stores:
Collections:*
Installment account
percent of accounts receivable
16.3
17.4
17.5
16.0
15 0
16.0
15.6
17.1
16 7
16.5
16 4
18.0
Open account
percent of accounts receivable..
39.0
41.6
43.6
43.3
44.3
44.1
43.9
40.7
38.9
45.7
43.9
43.8
0
Revised.
* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p 18 of the March 1934 issue. Data prior to October 1933 on collections
not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available prior
to May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933.
! Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
index and grocery index of Chain Store Age were revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
Monthly data from January 1932 through May 1935 are on page 20 of this issue.
The New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement and
monthly issues prior to December 1934.

I




27

SURVEY OF CURRENT BUSINESS

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

1935
May

1935

1934
May

June

July

j August

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores — Continued.
Sales, total value, unadjusted A
1923-25=100—
76
Atlanta*..
1923-25=10084
B oston
1923-25 = 100
69
Chicago*!
1923-25=10078
Cleveland*
1923-25=10074
Dallas*
.1923-25 = 10078
Kansas City
_ 1923-25 = 100- .
69
Minneapolis*
1929=100—
76
New York*
1925-27=10071
Philadelphia*
1923-25=100
63
Richmond
.1923-25 = 100..
97
St. Louis.
— .1923-25 = 100
69
San Francisco*
1923-25 = 100—
77
Sales, total value, adjusted* .1923-25 = 100..
76
Atlanta*
1923-25 = 100
84
Chicago*!
1923-25= 100..
76
Cleveland* .
.. 1923-25 = 100
69
Dallas*
1923-25 = 100
75
Minneapolis*
1929=100—
76
New York*
. 1925-27-100
75
64
Philadelphia*
1923-25 = 100
San Francisco*
1923-25=10080
Installment sales, New England dept.
82
stores, ratio to total sales
percent—
Stocks, value, end of month:
Unadjusted
1923-25=100..
Adjusted
1923-25 = 100
Mail-order and store sales:
Total sales, 2 companies
thous. of dol_. 58, 105
Montgomery Ward & Co.. thous. of dol— 22,915
Sears, Roebuck & Co
thous. of doL. 35, 190
Rural sales of general merchandise:*
Unadjusted
1929-31 = 100
87.6
93.1
Adjusted
1929-31 = 100..

77
83
71
78
79
77
74
75
73
65
97
75
71
77
82
76
74
74
74
77
67
73

70
74
70
73
70
68
63
69
70
64
90
62
65
74
82
74
72
73
71
73
67
74

51
58
45
51
50
53
48
47
53
43
59
43
60
73
83
70
P6
76
61
71
59
73

60
70
54
66
59
59
64
64
60
48
73
58
74
77
90
82
70
82
74
78
63
76

79
90
66
80
71
91
85
81
77
59
85
76
80
75
96
78
68
86
75
75
66
78

82
91
82
79
71
85
81
85
88
72
112
74
81
73
76
72
67
74
72
77
63
78

83
91
73
78
74
92
78
76
89
70
102
78
83
74
80
71
70
79
77
76
58
81

135
146
122
126
122
146
129
117
137
115
172
117
H4
78
86
75
74
89
78
78
65
83

59
61
58
61
58
60
55
61
58
44
65
53
66
74
77
76
77
72
69
73
54
79

61
70
47
62
56
70
61
55
60
46
64
53
67
75
80
79
68
83
73
72
56
80

71
84
60
75
68
80
73
74
65
59
87
68
72
82
91
83
79
86
79
77
66
79

79
88
69
81
78
80
74
78
74
65
98
67
81
73
84
76
69
80
72
74
65
83

7.5

6.1

7.6

12.2

8.5

8.5

7.3

4.7

9.2

9.3

7.8

7.2

68
66

63
65

59
64

61
64

67
64

71
64

74
65

60
64

57
64

61
64

65
63

66
64

51, 072
20, 935
30, 137

46, 330
19, 266
27, 064

37, 387
15,891
21, 496

44, 134
18, 915
25, 219

52, 997
23, 093
29, 904

64, 134
29, 704
34, 430

60, 595
26, 901
33, 694

76,631
34, 684
41, 947

41, 194
17,418
23, 776

41, 573
17, 905
23, 668

54, 763
22, 783
31,980

59, 644
25, 571
34,073

74.9
79.7

68 3
72.3

58 2
75.5

68 1
79.2

97.9
98.8

108.7
89.1

110 4
89.8

134 2
94.5

72.6
87.5

82.0
90.6

90.6
97.4

97.0
101.0

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (B. L. S.)*1923-25=100Durable goods group *
1923-25=100Iron and steel and products. 1923-25 = 100. .
Blast furnaces and steel
works
1923-25=100
Structural and metal work
1923-25=100..
Tin cans, etc ..
1923-25=100..
Lumber and products
1923-25=100—
Furniture
1923-25 =100
Millwork
... 1923-25 = 100
Sawmills
1923-25 = 100
Turpentine and rosin
1923-25=100..
Machinery
1923-25= 100. _
Agricultural implements. 1923-25 =100..
Electrical machinery, etc. 1923-25= 100. _
Foundry and machine-shop products..
1923-25=100Rad ios and phonographs. 1923-25 = 100—
Metals, nonferrous-.
1923-25 = 100Aluminum manufactures. 1923-25 = 100. .
Brass, bronze, copper prod.1923-25 = 100. .
Stamped and enameled ware
1923-25=100..
Kailroad repair shops
1923-25 = 100—
Electric railroad
. . . 1923-25 = 100
Steam railroad
1923-25 = 100
Stone, clay, and glass products
1923-25 = 100..
Brick, tile, and terra cotta. 1923-25= 100 _ .
Cement
1923-25-100
Glass
... 1923-25 = 100
Transportation equipment- 1923-25 =100Automobiles ...
. .1923-25=100
Cars, electric and steam .1923. 25 =100—
Shipbuilding
1923-25-100
Nondurable goods group * _ _ .1923-25 = 100—
Chemicals and products. .. 1923-25 =100. .
Chemicals
1923-25=100..
Druggists' prep.
1923-25=100..
Paints and varnishes
1923-25= 100-

81.2
71.2
72.3

82.5
71.5
75.2

81.1
70.8
76.4

78.7
67.4
70.3

79.5
66.1
68.6

75.8
64.2
66.0

78.4
62.8
66.0

76.8
62.2
66.2

78.0
64.3
66.6

78.7
66.1
67.8

81.2
69.3
70.7

82.4
70.8
71.8

82.4
71.6
"72.2

73.5

76 8

79 1

72 4

69 7

65 3

65.4

65 9

66 9

69.4

72.9

74 0

°73.7

55.8
90.4
50.9
67 0
40.7
34 0
99.0
84.5
97.0
70.7

«58.3
91.2
51.0
61 3
40 4
36 1
102.4
81.3
83.0
65.4

59.7
96.7
50.0
62 4
37 9
35 1
98.6
80.8
73.3
66.2

59.0
99.6
48.8
62 0
37 0
33 8
97.3
79.0
69.3
65.1

59.0
99.1
49.0
62 9
36.2
33 9
98.3
78.9
66.8
65.3

58.6
101.0
49.3
65 0
34 6
34 1
96.2
78.0
67.8
65.9

57.1
93.9
49.5
66 5
36 3
33 9
89.3
77.9
72.9
65.0

57.9
89.6
48.6
65 2
36 3
32 8
92.4
77.9
79.6
65.4

57.6
85 5
47.8
65 0
36 7
31 6
92.9
78 5
83.8
65.6

55.9
85.0
47.1
64 1
35.9
30 9
95.6
79.6
89.6
65.9

53.8
85.4
49.4
66 9
37.9
32 7
96.3
82.1
92.7
67.5

55.0
86.4
50.6
69 1
38 3
33 5
99.7
84.1
101.3
69.2

"55.3
88.3
51.7
68 6
39 7
34 8
99.2
85.1
97.0
70.9

73.8
168.0
80.4
66.3
80.8

73.6
201.2
77.8
78.1
81.2

73.1
206.0
75.9
76.0
78.2

69.5
205.0
73.1
67.5
75.0

69.0
217.5
73.4
67.7
72.7

66.8
219.9
73.2
57.5
70.8

66.4
222.8
75.1
61.8
71.0

66.0
214.5
76.0
62.5
72.0

66.8
207.9
76.9
62.2
74.0

69.2
191.4
75.9
61.2
75.4

72,0
186.0
79.2
65.0
80.8

73.5
189.0
80.5
66.9
82.0

74.3
182.4
80.9
66.6
81.8

95.6
53.6
65 7
52 7

95.6
59.6
66.7
59 1

93.0
59.8
66 7
59 3

90.3
58.3
66 3
57 7

87.1
55.2
66 0
54 4

84.4
55.7
65 7
55 0

82.9
53.9
65 1
53 1

83.9
51.6
65 7
50 5

87.5
52.0
65 5
51 0

89.1
51.6
65.3
50 6

94.3
52.9
65.9
51 9

97.0
53.6
65 8
52 7

97.6
52.9
65 6
52 0

55.0
29.6
57 0
94 8
102.7
116.4
60.3
76 6
91.9
108.0
107.1
96.8
112.6

57.7
33.1
57 6
95 1
99.7
114.4
50.6
73 1
94.3
106.1
111.2
97.7
107.4

57.1
34.4
59 1
93 6
95.6
106 8
57.8
76 6
92.3
104.5
111.7
96.9
106.1

54.2
31.7
58 4
89 1
88.4
98 4
55.8
69 2
90.8
105.3
112.3
93.8
101.2

53.1
31.8
55 0
87 6
83.7
92.5
51.7
71 2
94.0
106.9
110.9
98.6
99.1

52.9
30.4
54 0
87 3
74.2
80 9
44.8
71 3
88.2
108.6
108.0
103.0
98.8

51.9
29.9
50 7
86 1
64.2
68 7
36.6
71 2
95.1
109.4
106.5
106.8
99.6

52.2
29.9
48 2
88 5
62.2
67 1
32.4
69 3
92.4
108.6
104.4
105.5
99.7

50.1
28.0
41 6
87 4
78.4
88 9
34.0
68 5
92.7
108.8
103.9
102.8
99.5

47.2
24.8
37 2
86 5
92.4
108. 1
34.2
68 3
92.3
108.4
103.0
101.3
98.7

49.6
25.7
37 8
91 7
100.9
117.5
43.6
72 8
94.1
109.4
102.8
102.4
102.2

51.5
27.6
41 6
93 7
103.6
119 5
52.2
74 9
94.8
112.7
103.4
98.9
104.2

53.2
27.6
50 0
94 2
-104.8
119 9
59.1
°74 6
94.0
111.5
106.9
98.9
109.2

« Revised.
* New series. For earlier data on department store sales by Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago, for which see note below.
Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexes are computed by the Federal Reserve banks. For
districts not marked with an asterisk the series are as published in the 1932 Annual Supplement and subsequent issues. See p. 20 of the December 1934 issue for rural sales
for period January 1929 to October 1934. For earlier data on factory employment unadjusted in detail, see pp. 16 to 18, inclusive, of the June 1934 issue. See p. 19 of the
July 1934 issue for factory employment and unadjusted total. Data on employment in the durable and nondurable goods groups for the period January 1923-April 1934 will
be shown in a subsequent issue.
t Revised series. See p. 19 of the April 1935 issue department store sales Chicago.
A This series is shown on p. 20 of the June 1935 issue from 1919 through April 1935.
• The adjusted index of department store sales (total value) was revised by the Federal Reserve Board for the years 1929 through 1934. Revised indexes for this period
were shown on p. 20 of the June 1935 issue.




SURVEY OF CURRENT BUSINESS

28
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
May

July 1935

May

June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

EMPLOYMENT CONDITIONS AND WAGES —Continued
EMPLOYMENT— Continued
Factory unadjusted— Contd.
Nondurable goods group— Continued.
Chemicals and products— Continued.
Petroleum refining
1923-25 = 100—
Rayon and products
1923-25 = 100..
Food and products
1923-25 — 100
Baking _
1923-25 = 100
Beverages
1923-25 = 100—
Slaughtering, meat packing
1923-25=100Leather and products
1923-25 = 100.Boots and shoes
1923-25 — 100
Leather
1923-25 = 100..
Paper and printing
1923-25=100Paper and pulp
1923-25 — 100
Rubber products
1923-25 =100—
Rubber tires and tubes.-1923-25 = 100..
Textiles and products
1923-25 = 100..
Fabrics
1923-25 — 100
Wearing apparel
1923-25 = 100—
Tobacco manufactures
1923-25 = 100. .
Factory adjusted (F. R. B.)*.. 1923-25 = 100..
Chemicals and products
1923-25 = 100—
Chemicals
1923-25 = 100
Druggists' preparations
1923-25 = 100..
Paints and varnishes
1923-25 = 100-.
Petroleum refining.
..1923-25 = 100..
Rayon and products „
1923-25 = 100
Food and products
1923-25 = 100
B aking
1923-25 = 1 00
Slaughtering, meat packing
1923-25 = 100.Iron and steel and products . _ 1923-25 = 100—
Blast furnaces and steel works
1923-25 = 100..
Structural and metal work . 1923-25 = 100. .
Tin cans, etc .
1923-25 = 100
Leather and products
1923-25 = 1 00
Boots and shoes
1923-25 = 100..
Leather _
1923-25 = 100
Lumber and products
1923-25 = 100 _
Furniture .
. 1923-25 = 100
Millwork
1923-25 = 100
Sawmills
1923-25 = 100
Machinery
..
1923-25 = 100
Agricultural implements . . 1923-25 = 100 ._
Electrical machinery, etc. -1923-25 = 100..
Foundry and machine-shop products
1923-25 = 100..
Radios and phonographs. _ _ 1923-25 = 1 00 . .
Metals, nonferrous __ . _. 1923-25 = 100
Brass, bronze, copper prod. 1923-25 = 100..
Stamped and enameled
ware
.1923-25 = 100
Paper and printing
1925-25=100
Paper and pulp
1923-25 = 100
Railroad repair shops
1923-25 = 100
Electric railroads- - ._ 1923-25=100
Steam railroads
1923-25 = 100
Rubber products
1923-25 = 100
Rubber tires and tubes
1923-25 = 100 ._
Stone, clay, and glass products
1923-25 = 100..
Brick, tile, and terra cotta. 1923-25 = 100-.
Cement
1923-25 = 100
Glass
1923-25 — 100
Textiles and products
1923-25 = 100. _
Fabrics
1923-25 = 100..
Wearing apparel..
1923-25 = 100
Tobacco manufactures
1923-25 = 100. _
Transportation equipment _ _ 1923-25 = 100—
Automobiles .
.
1923-25 = 100
Cars, electric and steam... 1923-25 = 100—
Shipbuilding
1923-25 — 100
Factory, by cities and States:
Cities:
Baltimore*
- 1929-31 = 100 .
Chicago*
1925-27 = 100
Cleveland*
1923-25 — 100
Detroit
1923-25 = 100Milwaukee*
1925-27 = 100
New York
1925-27 — 100
Philadelphiaf
1923-25 = 100..
Pittsburgh* f
1923-25 = 100
States:
Delawaref
1923-25—100
Illinois
1925-27-100
Iowa
1923 — 100
Massachusetts"^ A
1925-27 = 100-

10S. 3
326.9
95 1
112 7
161.6

109.5
267.7
99 6
113. 2
169.1

111.4
273. 8
105 1
114 6
183. 0

111.7
296.8
110 1
116 3
188.9

113.4
304.2
122 1
115 8
185.8

112.9
305.5
127 1
115.7
176.7

112.9
307.0
119 5
116 1
168.2

111.9
320.8
109 0
115.4
151.9

110.8
329.5
103 8
115 4
148.7

109.0
338.0
94 4
106 7
144.6

107.3
346.8
93 8
111.3
145.7

107.9
348.9
92 7
110.9
151.3

108.3
334. 9
94 7
111 8
156 0

80.6
87.3
85 9
93.2
98.5
109 9
81.2
73.5
93.5
91 0
95.3
56.6
81.3
109.3
109.0
100.4
108.6
108.5
326 9
102.0
112 7

96.7
91.4
91 3
92.1
95.9
107 2
89.1
82.7
96.1
94 9
94.7
61.3
82.6
107.9
113. 1
101.3
103.6
109.7
267 7
100. 4
113 2

101. 4
87.7
86 8
91.5
94.7
103 0
85.6
81.7
90.9
89 9
89.3
62.4
81.5
108.9
113 9
101.4
102.2
110.4
273 8
107 3
113 4

103.5
89.4
89 0
91.5
93.4
104 8
83.9
77.4
85.9
87 0
79.8
61.1
79.5
109.6
115 1
99.0
101.4
109.3
296 8
105 7
114 6

112.4
91.1
91 9
88.4
93.8
104 8
80.7
73.9
88.2
85 6
90.1
65.1
79.3
110.9
114 9
100.6
101.8
111.3
304 2
110 8
115 4

121.2
85.7
85 5
86.8
95.3
105 4
78.4
70.4
73.1
62 0
95.5
64.7
73.9
108.2
108 5
100.8
100.0
110.9
305 5
110 5
113 7

117.6
83.4
82 3
88.2
96.4
106 6
77.4
69.4
92.3
89 7
94.4
65.3
76.8
107.5
105 3
102.1
99.3
113.1
307 0
109 3
114 3

109.3
81.6
79 8
89.2
96.8
106 9
76.6
68.7
90.9
89 7
89.6
64.0
76.7
107.2
102.3
101.8
100.5
113.0
320 8
107.3
113 6

105.5
84.8
82 9
92.7
97.5
107 4
79.0
71.9
92.8
94 0
86.0
61.9
78.9
108.1
101.8
101.3
101.1
112.1
329 5
107.9
115 4

94.3
88.3
87 0
94.0
95.6
106 8
81.8
74.7
95.2
95 8
89.4
56.5
80.5
108.4
101 6
99.1
101.0
111.1
338 0
104 8
109 0

87.2
91.6
90 7
95.6
96.7
108 7
83.0
75.3
98.4
97 2
96.8
57.3
81.9
108.6
101.2
101.4
102.3
108.7
346 8
105.0
113 8

82.9
92.7
92 1
95.5
96.9
109 7
83.3
75.1
99.2
96 4
101.4
57.8
82.4
110.7
102.3
96.8
103.4
109.0
348.9
102.8
113 2

81.5
91.5
90 8
94.5
96.9
109 8
"82.5
74.9
97.2
93 3
101.8
56.8
82.3
108.1
106 3
100.7
108.8
108.3
334 9
101 4
113 6

81.6
71.4

97.9
74.3

101.9
76.3

104.1
71.4

114.7
68.8

122.4
65.4

116.7
65.6

108.2
66.4

101.1
67.7

91.6
69.4

85.7
70.6

84.9
TO. 8

84.2
•71. 1

72.4
56.1
89 5
89 8
88.6
94 5
51.3
70 5
40.2
33 4
84 9
94.1
70.7

75.7
58.9
90 3
94.0
94.2
93 4
51.3
64 5
39.9
35 6
82 0
80.5
65.4

79.3
59.4
93 4
91 4
90.9
93 8
49 8
64 7
37 4
34 2
81 2
73.8
66.2

73.4
57.8
95 8
88 9
87.7
94 1
48 8
64 9
36 7
33 1
79 1
73.2
65.1

70.3
57.6
99 4
87 9
87.5
89 7
48 4
62 8
35 7
33 0
78 1
70.5
65.3

65.4
57.0
95 3
82 4
81.4
86 7
48 0
63 0
34 3
33 0
75 7
72.4
65.9

65.9
55.8
94 1
81 4
79.7
88 3
47.7
61 2
36. 0
33 3
75 8
76.4
65.0

66.7
57.8
93 6
83.4
82.3
88 6
47.3
60 7
36.3
32 6
77 2
82.1
65.4

68.0
58.1
88 9
88.9
88.1
92.3
47.8
62 9
37.3
32 2
79 2
84.1
65.6

69.9
57.4
90 8
89 1
88.4
92 3
48.8
66 4
37.0
32 4
81 4
86.7
65.9

72.2
55.3
89 2
89.7
88.9
93 2
50.8
67 6
38.4
34 2
83.1
87.1
67.5

72.4
56.3
89 2
90.5
89.9
93.3
51.9
70.3
38.8
34 6
85.6
94. 7
69.2

°72. 2
°56. 0
87 9
92 2
91.7
94 3
52 4
71 1
39 4
35 0
86 0
91.6
70.9

72.7
200. 0
80 8
80.3

72.4
239.4
78 2
80.7

72.3
227.4
76 8
78.7

69.5
213.5
75 1
75.8

68.9
197.7
74 9
73.3

66.6
164. 7
73 6
71.6

66.9
157.1
74 1
71.9

67.3
175.5
74.9
72.8

68.4
203.8
76. 1
74.5

70.3
227.3
76 8
75.8

71.6
226.8
78 3
79.3

72.6
252.7
79.0
79.8

73.1
231.2
79 9
80.4

94.3
97 1
103 9
53 3
65.7
52 3
79 9
70. 1

94.3
96 5
107.2
59 2
66 7
58 7
87 5
78.9

92 9
95 5
106 0
59 4
68 7
58 8
83 2
7G. 7

91 4
94 4
104 8
58 0
66 3
57 4
82 8
74.0

89 1
95 0
104 8
55 0
66 0
54 2
82 0
73. 8

85 8
95 6
105 4
55 4
65 7
54 7
79 o
71.7

82.8
96 0
106.6
53 7
65. 1
52 8
78 1
71.8

84.0
95 4
106.9
51 7
65.7
50 7
77 0
71.0

88.4
95 8
107.4
52 1
65.5
51 1
79.5
74.4

92.0
94 9
106 8
52 4
65.3
51 4
83 4
77.0

93.2
96.4
108 7
53 6
65.9
52 7
83.8
76.4

93.4
96.7
109.7
53 8
65.8
53 0
84.4
76.6

94 9
97 3
109 8
52 6
65 6
51 6
0
82 3
73.6

53.6
28.0
55 3
93 1
93.6
91.0
95.6
56.8
94.0
105. 9
54.9
74 3

56.2
31.3
55 9
93 4
96.0
94.8
94.8
61.6
91.2
104. 1
46.1
70 9

54.9
32.0
55 4
90 5
92.2
91. 1
90 8
62.7
90.6
101 1
53.2
75 7

53.9
29.3
54 3
92 8
90.2
90 6
85 5
61.8
85.8
95 5
52.1
70 8

52.0
29.4
51 6
89 1
91.3
89 0
92 4
65.4
83.7
92 3
49.2
75 3

51.1
28.7
50 9
85 3
72.9
62.7
93 4
62.9
75.5
82 1
43.9
76 0

50.0
29.2
48 8
81 7
90.7
88.8
91.3
62.5
69.3
74.7
38.2
76 1

51.9
30.0
47 8
87 4
90.2
88.2
90.8
61.1
70.4
77.4
35.9
72 1

51.2
29.5
43 9
87 8
92.1
92.4
87.4
61.6
84.4
96.6
37.0
68 5

51.7
28.2
41 9
94 0
95.1
94.8
91.3
60.7
93.5
109 2
38.3
66 3

52.4
29.6
42 4
94 1
96.6
95.6
94.7
57.7
98.4
114. 1
46.9
69 3

52.4
29.9
44 4
92 9
96.6
94.6
96.9
58.2
99.4
114.4
52.6
71 1

52.7
27.4
50 3
92 7
96.0
92.7
99 2
57.7
°99. 1
113 5
54.7
o 70 o

82.6
69 0
82 1
102.4
93 0
72 3
87.8
68.8

84.5
66 9
87 5
100.5
86 2
73 3
83.3
69.2

81 9
67 7
86 7
83.1
85 1
70 5
82 9
70'8

81 6
67 2
82 6
83.9
82 6
68 1
82.3
68 4

80 1
67 9
79 6
70.2
81 0
71 8
83.8
68 9

80 6
70 1
76 7
64.2
77 5
75 1
82.1
65 3

79.4
69 3
76 3
50.2
76 9
75 6
84.6
66 6

78.2
65 9
74 8
62.4
79 4
74 1
86.2
65.8

77.3
66 0
78 6
91.2
84.0
73 6
88.4
66.3

75.7
65 6
83 9
108.3
86 9
70 7
86.5
65. 5

78.4
68 3
86 4
109.5
90.0
73 4
89.5
67.4

80.2
68.6
87 6
110.2
91.6
75 2
88.8
68.4

°83. 3
69 3
88 7
110.8
93. 1
74 9
88.3
68.3

85 9
74 8
117 1
69.0

92 4
72 1
111 0
72.4

94 7
72 7
111 7
68. 2

93 5
71 5
106 7
66! 5

89 6
72 9
108 5
67! 2

91 2
74 2
108 9

91 6
73 5
111 8
67.6

86 2
70 3
113 0
66.6

84 6
69 9
111 8
69.0

84 4
69 9
109 3
70.0

83 2
73 1
110 2
71.6

82 6
74 3
113 3
72.3

84 3
75 6
114 0
71.7

5e!s

« Revised.
* For earlier data see the following references: For factory employment, adjusted, all series, see pp. 16 to 19 of the July 1934 issue; employment in Baltimore, Milwaukee,
and Massachusetts, pp. 18 and 19, December 1932; and employment in Chicago, pp. 19 and 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1931.
i
t For revised data refer to the indicated pages as follows: Employment in Delaware and Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for those series
and for the city of Pittsburgh, see p. 20 of the March 1935 issue; for Massachusetts, employment for 1931, p. 19, August 1933.
A Data revised for years 1932-34, inclusive. Revisions prior to March 1934 will appear in a subsequent issue.




29

SURVEY OF CURRENT BUSINESS

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

1935
May

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

EMPLOYMENT, CONDITIONS AND WAGES—Continued
i

1

EMPLOYMENT-Continued
Factory, by cities and States— Continued.
States— Continued.
Maryland*
1929-31 — 100
New Jerseyt
1923-25=100..
New York _
1925-27=100
Ohio
1926-100
Pennsylvania!
1923-25 = 100. _
Wisconsin
1925-27-100
Nonmanufacturing (B. L. S.):
Mining:
Anthracite .
1929 = 100
Bituminous coal
1929 — 100
Metalliferous
1929 = 100_.
Petroleum, crude product ion. 1929 = 100- _
Quarrying and nonmetallic__ .1929= 100. _
Public utilities:
Electric light arid power and manufactured gas
1929 — 100
Electric railroads
1929 = 100
Telephone and telegraph
1929 = 100-.
Trade:
Retail f
1929 — 100
Wholesale!
1929=100..
Miscellaneous:
Dyeing and cleaning*!
1929 = 100..
Hotels
1929 — 100
Laundries*!
1929 = 100.Miscellaneous data:
Construction employment, Ohio
1926=100Farm employees, hired, average per farm*
number..
Federal and State highway employment,
total*
number..
Construction*
number-Maintenance*
number
Federal civilian employees:
United States*..number. .
Washington
_ number
Railroad employees, class I
thousands..
Trades-union members employed:
All trades
percent of total
Building trades*
percent of totalMetal trades*..
percent of total
Printing trades*
percent of total-All other trades*... ..percent of totalOn full time, all trades. percent of total. .

i

89 4
74.2
73.7
94.3
75.5
85 7

89 4
76.4
72 1
93.8
75.5
84 1

87 6
76.9
°71 1
93.3
75.6
84 1

87 0
76.5
69 7
89.0
74.4
85 7

86 2
77.0
70 4
87 6
74.5
82 4

86 7
76.7
71 4
84.4
72.9
80 9

85 4
76 0
72 0
81 9
75.0
80 2

85 5
75.0
70 9
83.0
74.4
79 5

85 5
75 3
71 1
85 3
75.0
80 6

84 9
73. 1
70 6
87 3
74.3
81 3

87 9
73.8
73 1
91.3
76.1
84 0

89 3
74.9
74 3
94.1
77.1
85 7

90 7
74.5
74 8
94.9
75.9
85 1

53.5
75 3
44.4
76.0
49.5

63 8
76 7
40.8
76.7
54.3

57 5
76 7
41.0
80.0
56.6

53 6
77 0
39.9
81.6
55.6

49 5
77 1
42.7
82.7
54.7

56 9
78 2
42.3
81.8
53.3

58 5
79 3
43.3
79.5
51.8

60 7
79 8
43.2
78.8
49.5

61 6
79 7
44.4
78.7
42.1

62 9
80 0
44.3
74.9
36.9

64 4
81 1
44.3
74.2
37.3

51 4
81 6
45.0
74.0
40.5

52 6
74 3
46.0
74.9
45.3

83 2
71.6
70.0

83 1
72.6
70.2

84 0
73.2
70.4

85 0
73 1
71.0

85 6
72 8
71.0

85 8
72.5
70.9

85 8
72 2
70.3

85 5
71.8
69.9

83 6
71 0
69.7

82 7
71.2
70.5

82 2
71.0
70.0

82 2
71.3
69.8

82 6
71.4
69.7

82 2
82.5

82 9
82.8

82 6
82.3

79 0
82.2

77 8
82.5

81 7
83.5

89 6
84.3

83 7
85.1

91 1
85.0

79 5
84.2

79 2
84.6

80 2
84.0

83 6
83.2

80.9
84 8
81.1

84.3
85 7
82.1

84.9
86 2
84.0

80.5
86 3
84.6

78.6
86 2
83.7

80.0
84 4
82.9

80.3
84 2
81.7

75.8
83 7
80.3

72.4
83 3
79.5

70.3
85 4
79.6

69.6
86 7
79.6

72.5
86 5
79.7

79. 9
85 5
8 0.0

30.5

31.7

38.0

30.5

26.6

26.4

25.1

24.7

21.6

17.5

18.3

18.4

°24.8

.89

.92

1.02

.87

.88

.94

.80

.66

.65

.65

.68

.72

.79

331, 000
195, 459
135, 541

466, 504
299, 133
167, 371

545, 013
374, 056
370 957

549, 203
380, 701
168 502

531,034
350, 764
180 270

498, 151
309, 745
188 4C6

450, 322
281, 087
169 235

426, 603
267, 152
159, 451

323, 700
189, 020
134 680

240. 414
120, 131
120 283

221, 406
99, 197
122, 209

217, 539
109, 390
108, 149

282, 740
147, 256
135, 484

747, 478
102, 539
1,017

694, 968
85, 939
1,061

696, 977
87, 196
1,071

702, 037
87, 978
1,065

707, 546
91,065
1.048

713, 662
92 557
1,035

715, 606
93 322
1,028

707, 307
93, 827
995

707, 606
94 050
977

710, 347
94, 389
976

715, 901
95, 517
985

720, 279
97, 388
«995

745, 345
100, 949
"994

79
46
77
86
«84
57

76
43
75
83
84
52

75
45
78
83
81
49

72
43
76
83
78
48

72
40
75
82
78
48

75
42
75
83
83
52

76
44
73
83
84
53

75
44
73
83
81
49

73
43
74
84
79
48

74
40
75
83
80
51

76
39
75
85
83
54

78
41
76
85
85
55

79
43
77
86
86
57

35.5

35.4

34.0

33.5

33.3

33.9

34.0

35.0

36.4

37.1

36.6

36.7

233
326
265
255
258
,226,069 1,676,265 2,020,172 1,735,672 4,029 155
219, 693 106. 852 219, 037 122, 144 486, 798

260
852 787
102, 971

203
841 570
98, 201

a 211
198
376, 297 3 774, 301
73, 481 « 94, 176

a'2'^2

a 256

a 289

LABOR CONDITIONS
Hours of work per week in factories:*!^
36.3
Actual, average per wage earner
hours. .
Industrial disputes :§
Disputes (in progress)
number
309
Man-days lost
number
1,840,000
Workers involved (in progress). .number.. 148, 000
Labor turn-over:!
Accessions
percent of no on pay roll
3.01
Separations:
.17
Discharged—percent of no. on pay roll..
Laid otf
percent of no on pay roll
3 00
Voluntary quits
1.21
percent of no. on pay roll..

4.19

3 58

3 71

3 24

3 61

4 09

.22
3 65

.18
3 48

.19
2 96

.19
3 56

.16
3 41

1.01

.94

.70

.75

67.1
58.6
61.3

64.9
56.9
62.6

60.5
49.9
47.6

62.2
50.0
45.5

61.0

66.1

68.9

47.9

41.0
87.0
34.9
47.1
29.1
20.2
57.3
67.8
110.5
58.2

41.5
86.9
34.6
40.5
25.3
24.2
51.4
62.2
87.2
49.9

42.7
94 1
33.9
41.2
24.1
23.2
51.0
61.6
76.1
51.8

40.6
94 5
31.6
39.3
23.1
20.9
50.3
58.5
70.2
49.8

57.9
101.5

56.8
112.4

55.5
117.4

51.1
114.4

868,439
94, 438

a

a

1,026,778

a \ 355 ooo

94, 848

« 142, 000

6 14

6 33

4 23

3 79

3 63

.19
4 38

4 32 i
•*" j
.15
3 78

.15
2 72

.18

9 IQ

.18
1 88

.17
2 32

.20
2 go

1.55

.73

.62

.58

.76

.73

58.0
45.5
41.1

61.0
46.4
42.8

59.5
46.1
44.2

63.2
50.4
47.6

64.1
52.5
51.9

69.1
58.6
59.0

70.7
60.5
59.3

•70.8
61.8
«59.4

44.0

37.3

39.2

41.7

46.5

53.9

63.8

63.3

«62.3

41.8
93 6
33.5
42.7
23.1
22.1
51.3
58.1
68.3
50.2

40.5
96 2
33.9
44.6
21.8
22.3
52.2
55.6
66.7
48.0

40.8
82 5
35.2
47.2
24.1
22.6
45.1
57.0
74.4
49.3

41.2
79 4
33.6
44.5
24.0
21.3
47.9
57.2
85.7
50.0

39.2
79 6
33.3
45.9
24.6
20.0
50.2
60.2
91.2
52.2

39.5
80 7
31.7
43.5
23.0
19.1
52.7
60.8
97.5
52.4

37.6
77 3
34.8
47.1
25.3
21.4
54.2
64.3
100.9
55.0

38.7
83 3
36.3
49.7
25.8
22.4
52.3
66.9
113.7
57.2

«39.8
85 4
37.5
49.2
27.7
23.7
57.9
67.6
108.8
58.4

50.3
123.1

46.7
127.0

47.6
137.8

46.6
131.5

49.7
132.0

51.5
112.5

55.7
103.2

57.5
110.6

58.0
107.0

. 75

.93

PAY ROLLS
Factory unadjusted (B.L. S.}*. 1923-25 =100Durable goods group*
1923-25=100—
Iron and steel and products 1923-25 = 100—
Blast furnaces and steel works
1923-25=100Structural and metal work
1923-25=100Tin cans, etc
1923-25=100
Lumber and products
1923-25 = 100. .
Furniture
1923-25=100Millwork
1923-25=100Sawmills
1923-25=100—
Turpentine and rosin
1925-25 =100. .
Machinery
1923-25=100—
A gr i cult ural i mplements _ 1923-25 = 100. .
Electrical machinery, etc.. 1923-25 =100—
Foundry and machine shop products
1923-25=100Radios and phonographs. 1923-25 = 100—
a

68.5
60.1
58.4

Revised.
* For earlier data see the following references: Employment in Maryland, and Federal civilian employment, total, United States, pp. 18 and 19, December 1932; Federal
and State highway employment, dyeing and cleaning establishments, and laundries, pp. 19 and 20, June 1933; trades-union members employed, p. 18, December 1932, and
hours of work, p. 20, October 1932. Pay rolls in the durable group for the period January 1923-April 1934 will be shown in a subsequent issue. Data for factory pay rolls
by classes are shown on p. 18 of the June 1934 issue. See also p. 19, July 1934 issue.
! For revised data refer to the indicated pages as follows: Employment in New Jersey and Pennsylvania, p. 19, September 1933; employment in laundries and dyeing
and cleaning establishments, p. 20, August 1934. For revised data on employment in whosesale and retail trade for 1929-34, see p. 20 of the March 1935 issue. Hours of
work per week in factories revised for 1933. See p. 20 of the July 1934 issue. For labor turnover see p. 20 of the April 1935 issue.
• Figures represent the condition as of the end of the month shown. They were published as of the first of the following month by the Department of Agriculture. This
method has been followed since September 1932. Figures shown previous to that data in the Survey are as of the first of the month.
1 Data revised for 1934. See pp. 29 and 56 of the May 1935 issue.
§ Data revised. Revision for year 1933 will be shown in a subsequent issue.




30

SURVEY OF CURRENT BUSINESS

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

1935
May

July 1935

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ary
ber
ber

March

April

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS— Continued
Factory unadjusted— continued.
Durable goods group— continued.
63.3
Metals, nonferrous
1923-25=100Aluminum manufactures
1923-25=10059.8
Brass, bronze, copper products
1923-25=10061.5
Stamped and enamel ware
1923-25=10084.8
Kailroad repair shops
1923-25=10052.5
60.2
Electric railroads
__ 1923-25 =100—
52.0
Steam railroads....
1923-25=100Stone, clay, and glass products
1923-25=10040.3
Brick, tile, and terra cotta
1923-25=10017.7
36.8
Cement
1923-25= 100—
81.6
Glass
1923-25=100Transportationequipment.l923-25=10094.2
105.1
Automobiles
1923-25=10065.8
Cars, electric and steam. 1923-25 =100. .
66.2
Shipbuilding
1923-25=100Nondurable goods group* ...1923-25 =100. .
79.1
Chemicals and products... 1923-25=10094.9
Chemicals
..1923-25=100—
97.8
Druggists' preparations- 1923-25= 10093.9
Paints and varnishes
1923-25 = 100—
95.1
Petroleum refining
1923-25=10097.1
Rayon and products
1923-25= 100—
237.8
86.9
Food and products
1923-25=100—
Baking
1923-25=100 _
97.3
162.5
Beverages
1923-25=100Slaughtering, meat packing
1923-25=10074.0
Leather and products
1923-25=100..
73.1
67.7
Boots and shoes
1923-25=100—
Leather
. ... 1923-25=100—
90.0
Paper and printing.
.1923-25=100-.
84.8
86.9
Paper and pulp
- 1923-25=100—
66 8
Rubber products
1923-25=100
Rubber tires and tubes -1923-25 = 100..
59.2
Textiles and products -.-1923-25 =100..
75.5
74.9
Fabrics
. _
1923-25=100-.
72.1
Wearing apparel
1923-25= 100. _
43.8
Tobacco manufactures
1923-25 = 100Factory by cities:
77.0
Baltimore*
—
.1929-31 = 100Chicago*
- 1925-27=100..
47.4
77.2
Milwaukee*
1925-27=100..
New York*
1925-27=100.
59.7
73.0
Philadelphia*!
.—1923-25=100..
Pittsburgh*!
...1923-25=100-.
65.5
Factory by States:
62.7
Delaware!
1923-25=100..
Illinois A
1925-27 = 100 . . 53.0
Maryland*
__ 1929-3 1 = 100 - 80.3
58.2
Massachusetts**!
1925-27=100—
60.9
New Jersey!.
1923-25=100..
61.2
NewYork
1925-27=10061.6
Pennsylvania!
1923-25=100..
69.4
Wisconsin
1925-27=100Nonmanufacturing (B. L. /S.):
Mining:
49.5
Anthracite
- - 1929=100..
49.1
Bituminous coal
1929=100
31.4
Metalliferous
1929=100..
Petroleum, crude production
1929=10057.8
Quarrying and nonmetallic. 1929 =100..
32.8
Public utilities:
Electric light and power and manu79.8
factured gas
__ 1929=100—
63.6
Electric railroads
1929 = 100—
Telephone and telegraph ... 1929 = 100 ..
73.7
Trade:
62.0
Retail!...
—
1929=10064.6
Wholesale !
- 1929 = 100Miscellaneous:
Dyeing and cleaning*!
1929 = 100..
61.7
66.4
Hotels
-1929 = 100—
66.6
Laundries*!
1929=100-

60.6

57.9

53.6

53.2

54.0

57.5

58.8

61.5

58.4

63.4

64.6

64.4

63.5

59.1

43.8

40.8

41.4

51.1

53.8

56.2

51.1

58.7

61.2

60.9

62.1

58.4

54.4

51.2

48.7

49.5

51.3

55.6

58.3

63.2

64.0

64.1

83.6
53.8
59.4
53.5

80.1
53.8
59.6
53.5

72.9
51.1
58.8
50.6

70.8
48.5
58.5
47.9

66.7
45.6
56.9
44.9

70.4
46.8
57.1
46.2

71.9
44.4
57.4
43.5

79.1
44.4
58.4
43.5

77.6
43.8
58.0
42.9

86.8
48.0
59 7
47.2

91.4
49.6
60.7
48.9

89.6
50.7
60.4
50.1

39.5

38.8

36.1

34.9

34.7

35.5

35.6

34.4

31.6

34.8

37.4

39.3

18.1
35.8
75.8
88.3
100.4
49.2
60.0
78.1
88.3
94.4
88.5
87.9
92.7
191.2
87.2
95.3
167.0

19.3
39.9
73.4
78.5
85.8
56.7
60.2
75.1
88.1
96.1
90.3
86.3
93.1
200.0
91.9
96.5
182.5

17.0
39 1
69.5
66.0
70.7
50.7
55.6
73.9
88.7
96 6
86.1
78.8
95.7
208.6
95.6
98 2
193.5

16.8
35.4
68.2
70.4
76.5
51.2
56.4
77.8
90.0
96 5
89.9
77.9
97.2
213.2
105.1
97 8
185.0

16.1
33.9
67.4
52.3
54.3
40.0
57.0
74.0
89.9
92. 1
92.3
75.8
96.3
215.5
109.3
99.6
167.0

16.9
32.4
69.4
49.7
52.0
34.4
56.2
79.6
91.6
92.4
99.1
78.1
97.9
217.2
103.4
98.3
157.2

16.5
29.4
72.0
48.4
51.3
30.0
54.0
76.6
90.9
90.7
96.8
78.5
96.8
231.6
96.1
98.6
142.2

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

13.0
21.2
69.9
79.4
92.2
31.7
56.2
79.0
91.6
90.8
96.8
79.4
95.2
245.4
83.3
89.6
133.4

15.0
22 1
75.6
94.7
110.3
43.4
59.7
82.5
93.2
91 0
97.9
83.7
95.3
252.3
83 4
93 7
137.2

16.3
25 0
81.3
98.2
112.7
54.5
63.8
83.8
96.1
93 7
95.9
86.2
96.4
252.3
83.0
93 7
146.9

16.3
31.9
82.7
102.7
117.1
-65.2
«62.0
82.3
« 95.9
96 2
97.7
91.9
«96.9
242.7
85.5
95 5
153.6

80.7
78.9
77.6
82.0
80.6
79.8
70.3
64.5
74.1
74.9
68.1
46.3

87.2
72.9
70.5
79.8
78.9
78.5
66.5
61.1
66.4
66.9
61.7
47.5

91.4
77.2
76.2
79.2
77.3
77.1
61 9
55.9
62.5
64.4
55 3
47.3

99.0
78.7
79.1
76.1
78.4
78.8
58 8
49.9
68. 1
64.7
70.6
49.3

109.2
69.2
67.7
73.6
80.3
79.6
56 1
47.6
57.5
49.1
70.9
50.3

107.0
64.3
60.4
76.9
82.7
83.2
58 3
49.6
74.7
73.1
73.4
49.0

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

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

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

76. *
82.5
79.2
92 6
84.1
86 8
71 9
65.8
84.5
84.5
79.5
40.8

73.5
84.1
80.7
94.2
84.5
88.4
70 6
62.7
86.8
83.3
88.5
44.3

74.3
79. 1
75.1
91.4
84.6
°87. 8
°71 2
65.4
82.4
78.0
86.4
43.1

76.6
44.6
64.8
59.2
68.1
68.3

77.6
45.5
65.8
56.2
67.4
68.6

75.4
45 8
61.8
55 3
67.1
52.9

68.8
45 2
61.1
59 4
68.1
58.4

68.9
46.1
56.7
60.8
66.4
50.3

66.2
46.4
58.8
61.8
70.8
54.7

67.7
43.7
60.7
59.6
72.5
53.7

66.4
45.0
66.4
60.3
75.1
55.8

65.2
45.6
67.7
58.6
72.4
56.4

72.0
48.4
73.4
60 9
74.4
64.1

76.1
48.8
75.2
65.3
75.2
65.8

°78.5
48.5
78.5
63.7
74.6
66.3

65.9
49.1
78.9
58.4
59.4
58.2
62.9
63.9

68.5
49.9
79.9
53.9
59.6
57.0
61.7
64.0

68.3
48.0
77.1
53.2
58.1
55.7
55.5
•62.2

64.7
48 6
72.6
54.0
59.3
56 9
57.3
60.7

65.1
48.6
73.0
46.6
59.0
57.3
53.1
57.8

67.7
49.8
70.5
52.1
58.8
57.2
57.2
60.8

61.6
47.4
72.5
50.9
58.3
56.1
56.4
60.2

61.2
48.2
72.1
57.3
59.7
58.0
58.1
62.5

61.7
48.8
70.9
58.7
58.1
58.3
57.8
62.0

62.8
52.7
78.0
60.8
59.5
60.9
61.9
67.3

61.5
54.1
81.0
62.3
61.5
63.1
63.4
69.3

62.5
54.6
"82.5
60.9
60.8
62.9
62.6
69.7

64.0
54.4
25.6

53.3
55.1
26.7

42.3
49 7
25.1

39.7
50 4
27.0

47.0
51.4
25.9

48.3
57.6
28.2

51.2
58.3
28.5

52.3
57.0
29.4

57.5
59.6
30.1

64.3
66. 1
29.9

38.9
67.5
30.9

49.9
45.0
31.8

56.4
35.0

56.9
37.0

60.0
35.0

61.2
34.0

59.7
32.4

60.8
32.1

59.0
29.4

59.5
23.6

55.5
20.8

54.9
22.2

56.0
24.9

56.7
28.9

77.6
63.0
71.4

77.8
63.2
71.3

81.1
63.8
72.3

79.9
62.8
74.0

79.3
62.4
72.2

80.6
63.0
74.9

79.6
61.8
72.2

78.3
62.3
73.2

78.0
62.9
73.9

78.3
63.1
72.9

79.4
63.4
75.3

79.0
63.3
73.1

61.5
62.6

61.4
62.8

60.1
63.8

58.4
62.7

60.6
63.6

61.9
64.5

61.9
64.2

66.2
64.8

59.7
63.9

59.3
64.6

60.4
65.2

62.5
64.8

65.1
65.9
66.9

64.1
66.2
68.3

58.9
65.6
68.2

56.7
64.5
66.6

59.0
64.3
65.9

59.1
65.3
64.8

53.9
64.9
63.7

51.1
64.9
63.3

50.4
66.0
63.9

49.8
67.8
64.1

53.5
68.2
64.6

61.9
67.1
65.5

WAGES—EARNINGS AND RATES
Factory, weekly earnings (25 industries) :*!<?
21.61
20.12
20.74
20.00
22.09
21.86
21.93
19.58
19.55
20.80
19.90
20.71
All wage earners
dollars _ _ 21.76
Male:
24.62
21.72
21.62
23.03
22.48
22.60
23.95
24.64
24.25
24.41
23.29
23.20
Skilled and semiskilled
dollars..
22.34
16.59
15.92
16.29
16.23
17.65
17.06
15.98
18.03
17.85
17.87
17.49
16.91
16.43
Unskilled
.
dollars15.21
15.21
14.43
14.39
15.08
15.47
14.23
15.46
14.61
14.57
14.33
14.10
14.83
Female .
_
-— dollars..
a
Revised.
* For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago,
p. 20, June 1933; pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls, Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh,
p. 18, January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933; factory
weekly earnings, p. 20, October 1932. Data prior to May 1934 on pay rolls for nondurable goods industries will be shown in a subsequent iasue.
t Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Pennsylvania, Delaware New Jersey, and
Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for these series and for the city of Pittsburgh, see p. 20 of the March 1935 issue; pay rolls, Massachusetts, for
1931, p. 19, August 1933; pay rolls in wholesale and retail trade for 1929-34, inclusive, p. 20, March 1935; pay rolls in dyeing and cleaning establishments and laundries, p 20,
August 1934; factory weekly earnings for 1933, p. 20, July 1934.
* Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue.
* Data revised for the years 1932-34, inclusive. Revisions prior to March 1935 will be shown in a subsequent issue.
<f Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue.




31

SURVEY OF CURRENT BUSINESS

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

1935
May

1935

1934
May

June

July

August

Septem- October Novem- Decem- January
ber
ber
ber

February

March

April

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES— EARNINGS AND RATES—
Continued
Factory, weekly earnings (25 industries)—
Continued.
All wage earners
1923 = 100—
Male:
Skilled and semiskilled
1923=100—
Unskilled
1923=100Female
1923=100
Factory, av. hourly earnings c?
(25 industries) :*t
All wage earners
dollars-Male:
Skilled and semiskilled.
dollars —
Unskilled
— -dollars —
Female
--dollars-Factory, weekly earnings, by States:
Delaware
1923-25=100..
Illinois--.
1925-27=100Massachusetts*t0- - 1925-27 =100. _
New Jersey
1923-25 = 100
New York
1925-27=100—
Pennsylvania
1923-25=100—
Wisconsin—
1925-27=100Miscellaneous data:
Construction wage rates:* §
Common labor (E. N. -R.).dol. per hour..
Skilled labor (E. N. JS.)__dol. per hour..
Farm wages, without board (quarterly)
dol. per month —
Railroads wages
dol. per hour
Road-building wages, common labor:#1
United States
dol per hour
East North Central
dol. per hour—
East South Central _
dol. per hour—
Middle Atlantic
dol. per hour-Mountain States
dol. per hour-New England —
—dol. per hour—
Pacific States
dol. per hour
South Atlantic
dol. per hour .
West North Central... __ dol. per hour —
West South Central
dol. per hour-Steel industry:
U. S. Steel Corporation
dol. per hour..
Youngstown district percent base scale—

81.8

78.2

77.8

74.8

73.6

73.5

75.2

75.6

77.9

81.2

83.0

82.1

82.4

79.3
78.5
86.0

75.6
75.9
84 7

75.3
76.6
84 5

72.5
73.7
83 1

70.5
71.5
82.5

70.2
71.7
81.8

73.0
73.1
83.7

73.4
72.8
83.5

74.7
74.5
87.5

77.8
79.2
88.2

80.0
80.9
89.7

78.7
80.1
89.7

79.9
80.2
88.2

.599

.586

.586

.588

.588

.592

.593

.594

.594

.594

.595

.597

.598

.661
.493
.436

.646
.485
.428

.649
.480
.429

.650
.484
.429

.650
.481
.425

.654
.480
.430

.656
.487
.428

.658
.490
.428

.656
.487
.428

.656
.491
.430

.659
.490
.431

.659
.494
.433

.659
.492
.434

77.1
75.8
84 2
91 8
83 0
81.4
79.8

75.3
73.6
80.7
87 3
80 7
82.6
74.0

76.3
74.1
79 1
87 0
80 2
81.3
74.3

77.1
72.6
80 0
85 3
79 8
74 4
69.3

76.3
71.7
80.3
86 5
80 9
77.0
71.2

75.4
70.7
82 5
86 4
80 2
74.0
69.4

78.0
72.8
77.1
86 9
79.5
76.9
73.5

75.4
72.3
76 4
87 3
79 1
76.7
73.0

76.3
73.7
83.0
88 9
81.6
78.4
75.2

77.1
74.4
83.8
89.1
82.6
78.1
74.3

79.6
77.1
84.9
90 4
83.3
81.4
78.4

78.6
77.7
86.0
92 0
85.0
82.4
79.3

78.3
77.3
84.8
91 3
84.1
82.4
80.5

.523
.108

.534
1.10

.534
1.10

.530
1.10

.530
1.11

.535
1.12

.536
1.12

.539
1.12

.541
1.12

.538
1.11

.524
1.10

.524
1.11

.526
1.10

600

27 29
599

596

612

27 83
629

616

632

26 69
636

647

667

28.82
647

676

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

43
.51
.30
.41
.55
.44
.57
.31
.43
.35

43
.51
.30
,41
.55
.43
57
.31
.42
.35

42
.50
.30
.41
.56
.43
58
.32
.43
.34

41
.50
.30
.41
.56
.43
.58
.31
.45
.34

41
.50
.30
.42
.56
.44
58
.32
.45
.34

41
.51
.30
.42
.55
.42
58
.32
.46
.34

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

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

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

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

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

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

.485

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

.485
101.5

539

562

561

543

516

493

466

413

FINANCE
\

BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total, .mills, of dol—
Held by Federal Reserve banks:
For own account
mills, of dol
For foreign correspondents
mills, of dol
Held by group of accepting banks, total
mills, of dol—
Own bills
mills of dol
Purchased bills
mills, of dol
Held by others
mills of dol
Com'l paper outstanding
mills, of dol—
Agricultural loans outstanding:
Farm mortgages:
Federal land banks
mills, of dol—
Joint stock-land banks t mills, of dol
Land bank commissioner* .mills, of dol—
Federal intermediate credit bank loans to
and discounts for:*
Regional agricultural credit corp's and
production credit ass'ns.. mills, of dol—
All other institutions
mills, of dol—

.375

569

534

516

520

1
3

2

1

1

1

1

356
162
193
19
173

507
226
281
59
142

480
220
260
53
151

472
222
250
42
168

483
222
261
37
188

503
223
280
35
192

516
245
271
45
188

517
252
265
44
178

497
243
254
46
166

485
238
247
30
171

452
217
235
41
177

423
197
226
43
182

391
178
214
22
175

1,998

1,568
335
311

1,650
320
379

1,711
306
430

1,766
295
478

1,811
285
516

1,849
121
552

1,886

1,916

1,943

1,961

1,975

1,976

716

587

617

643

665

687

697

130
83

120
70

127
70

128
73

125
74

118
73

105
83

101
88

100
90

100
88

103
87

115
86

124
89

f Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues. Massachusetts weekly earnings for 1931, p. 19, August
1933; factory hourly earnings for 1933, p. 20, July 1934.
c? Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue.
• Data revised for years 1932-34, inclusive. Revisions prior to March 1934 will appear in a subsequent issue.
§ Construction wage rates as of June 1, 1935, common labor, $0.527; skilled labor, $1.07.
w Beginning with March 1932 data are based on Federal aid and State projects; before that time the data are based on Federal-aid projects.
11ncrease in wage rates during March 1934 was due to provisions of title I, sec. 204, par. 2, item 0 of the National Recovery Act, which required State highway departments to fix minimum wage scales.
t Joint stock land banks in liquidation. Data subsequent to October 1934 will not be reported.
* New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Factory weekly earnings for period of January
1926-December 1931, p. 20, October 1932; factory hourly earnings for January 1926-December 1931, p. 18, December 1932; weekly earnings Massachusetts for January 1926December 1931, p. 18, December 1932; construction wage rates for January 1922-July 1933, p. 19, September 1933. Additional series on agricultural loans were first included
In the June 1934 issue for Land Bank Commissioner for July 1933-April 1934.
A Breakdown of figures shown in issues up to November 1934.




32

SURVEY OF CUEEENT BUSINESS

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

July 1935

1934

1935
May

May

June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

FINANCE—Continued
1

BANKING— Continued
Agricultural loans outstanding— Continued.
Other loans:
Agricultural marketing act revolving
fund loans to cooperatives t
mills, of doLBanks for cooperatives, incl. Central 1
Bank *
mills, of doLEmergency crop loans' (1921-1934)
mills, of dol..
Prod cred ass'ns *
- mills, of dol.
Regional ag. credit corp.*.. mills, of doL.
Bank debits total
mills, of dol_.
New York City
mills, of dol_.
Outside New York City
mills, of dol~
Brokers' loans:
Reported by N. Y. Stock Exchange
mills, of doL.
Ratio to market value
percent. .
By reporting member banks:
To brokers and dealers in N. Y.*
mills, of dol—
To brokers and dealers outside N. Y.*
mills, of dol—
Federal Reserve banks:
Assets total
__ mills, of dol—
Reserve bank credit outstanding
mills, of dol—
Bills bought
mills, of dol—
Bills discounted
mills, of dol—
United States securities ..mills, of dol—
Reserves, total..
.mills, of dol—
Gold reserves§
mills, of dol—
Liabilities total
-mills, of dol_.
Deposits, total
mills, of dol—
Member bank reserves— mills, of dol—
Notes in circulation
mills, of dol..
Reserve ratio
percent..
Federal Reserve reporting member banks:*
Deposits:
.„ , , ,
Net demand
- -.mills, of dol—
Time
mills, of dol—
Investments
mills, of dol. _
U. S. Gov. direct obligations* •
mills, of dol—
U. S. Gov. guaranteed issues* •
mills, of dol_.
Other securities* •
mills, of dol—
Loans total
mills, of dol__
Acceptances and commercial paper* A
mills, of dol—
On real estate* A— _
.mills, of dol—
On securities
mills, of dol—
Other loans* A
mills, of dol—
Interest rates:
Acceptances, bankers' prime
percent-Call loans, renewal...
percent--

47

55

32

19

124
105
77
30, 206
14, 551
15, 655

90
28
143
28, 757
14, 652
14, 105

793
2.29

1,016
3.00

55

55

55

55

57

57

55

54

50

50

50

21

23

23

25

25

28

28

29

28

30

91
39
138
30 142
15, 388
14, 754

91
50
129
27 752
13, 842
13, 910

92
58
118
95 705
12, 285
13, 420

91
61
107
24 009
11, 122
12, 888

83
58
97
26 750
12, 286
14, 465

78
58
91
24 752
11, 343
13, 409

78
61
87
30 915
15, 214
15, 701

77
65
85
30 063
14, 997
15, 066

76
71
82
25 730
12, 549
13, 181

75
86
80
31 744
15, 895
15, 849

95
97
78
31 651
15, 905
15, 746

1,082
3.14

923
3.00

874
2.68

832
2.57

827
2.62

831
2.45

880
2.59

825
2.50

816
2.54

773
2.50

805
2.40

828

693

660

598

702

726

720

881

58

153

155

54

166

166

170

184

9,165

8,028

8 175

8 161

8 197

8 220

8 229

8 332

8 442

8 719

8 873

8 833

9 096

2,469
5
8
2,430
6,108
5,901
9, 165
5,146
4,832
3,189
73.3

2,463
5
31
2,430
4, 899
4,683
8,028
4,023
3,746
3,069
69.1

2,472
5
25
2,432
5,022
4,808
8,175
4,138
3,840
3,101
69.4

2,462
5
22
2,432
5,154
4,930
8, 161
4,295
4,029
3,077
69.9

2,464
5
23
2,432
5,220
5,001
8 197
4,312
4,052
3,134
70.1

2,464
6
15
2,431
5,196
4,980
8 220
4,257
3,934
3,167
70.0

2,455
6
11
2,430
5,212
4,989
8 229
4,262
4,006
3,161
70.2

2,453
6
11
2,430
5,317
5,107
8 332
4, 313
4,081
3,213
70.6

2,463
6
7
2,430
5,401
5,143
8 442
4,405
4,096
3,221
70.8

2,461
6
7
2,430
5,680
5,405
8 719
4,810
4,543
3,085
72.0

2,465
6
6
2,430
5,807
5,559
8 873
4,889
4,587
3,154
72.2

2,471
5
8
2,437
5,825
5,592
8 833
4,893
4,247
3,166
72.3

2,468
5
6
2,430
6,014
5,769
9 096
5,084
4,715
3,153
73.0

15, 003
4,497
10, 859

12, 426
4,455
9,280

12, 504
4,501
9,723

12, 745
4,488
9,889

12, 926
4,510
9,906

13 083
4 471
10 017

13 476
4,474
10, 030

13 627
4 392
10, 059

13, 685
4,388
10, 575

14, 027
4,434
10, 683

14 175
4,449
10, 723

14 087
4,476
10, 900

14 822
4,556
10, 993

7,211

6,639

6,715

7,192

7,237

7,227

7,280

7,324

704
2,944
7,612

529
2 862
7,807

555
2 789
7,705

583
2 800
7,646

601
2,845
7,561

660
2 836
7,598

702
2 918
7,609

709
2 960
7,696

456
986
3,051
2 862

452
979
3 017
3 257

436
977
3,081
3 152

439
971
3,024
3 127

440
965
2 995
3 198

436
966
2 974
3 233

387
963
3 112
3 234

Ys
1.00

1.00

H

l
/s
1.00
3/
A
1.50
5.00
2.00

359
960
3,054
3 239

Ys

.25
3/
A
1.50
4.25
2.00

8,026

8,014

7,873

7,802

7 794

3,476

3,529

3,358

3 247

3 047

H-&
1.00

Y^A
1.00

Ys-U
1.00

K-M
1.00

Ys-lA
1.00

K-3/i6

1.00

y%

1.00

1

A

1.00

3/
A

Ys

.64

3/
A
1.50
1.50
1.50
Discount rate, N. Y. F. R. Bank-percent—
1.50
1.50
1.5C
1.50
1.50
1.50
1.50
1.50
Federal Land bank loans*
percent5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
"4.33
5.00
5.00
Intermediate credit bank loans., .percent. _
2.00
2.26
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
Real estate bonds, long term
percent..
Time loans, 90 days
percent. .
M-i
M
M-i
M-i
M-i
M-i
H-i
M-i
M-i
M-l
M-l
X-i
M-l
Savings deposits:
5,152
New York State
mills, of dol—
5 134
5 114
5 154
5 142
5,090
5 128
5 147
5 185
5 158
5 054
5 145
5 119
U. S. Postal Savings:
Bal. to credit of depositors.thous. of dol— 1, 204, 542 1,196,907 1,197,920 1, 190, 288 1, 192, 199 1, 192, 764 1,198,578 1,203,548 1, 207, 428 1, 200, 767 1, 205, 429 a 1,202,657 1,200,407
Bal. on deposit in banks.thous. of dol_. 398, 625 730, 051 694, 575 643, 600 596, 937 573, 022 559, 918 550, 608 539, 547 508, 312 490, 653 °477, 111 445, 469
3/ 1
Al

FAILURES
Commercial failures:
1,033
912
977
963
1,091
929
1,184
1,005
1,115
790
923
976
Total
.number.. 1,027
92
95
99
98
100
Agents and brokers
number..
95
64
78
117
116
103
89
99
243
246
279
235
225
229
Manufacturers total
- .number. .
237
214
258
223
260
223
269
9
6
4
4
Chemicals, drugs, and paints .number..
7
5
4
6
6
7
3
10
10
21
32
27
23
22
25
19
28
32
21
Foodstuffs and tobacco
..number _
16
15
17
11
9
11
11
Leather and manufactures.. .number..
7
7
14
9
5
9
7
10
9
32
28
32
26
37
32
41
35
24
32
Lumber
number-30
28
33
41
27
25
32
26
Metals and machinery „
number-26
26
28
19
25
26
28
37
10
Printing and engraving
number10
17
9
16
12
9
12
14
10
9
17
15
12
10
5
12
11
11
11
Stone, clay, and glass
number..
8
7
8
9
27
47
37
40
32
19
29
43
24
27
Textiles
number
30
30
10
93
101
88
81
84
82
112
76
Miscellaneous
number..
88
80
93
97
96
o Revised.
t Revised series. Certain classes of loans included in figures shown through May 1934 have been reclassified and removed from the agricultural loan category.
* New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues. Additional series on agricultural loans were first included
in the June 1934 issue for banks for Cooperatives, including Central Bank and Productive Credit Associations, for October 1933-April 1934, and Emergency Crop Loans
and Regional Agricultural Credit Corporations for April 1933-April 1934. Data for Emergency Crop Loans for intermittent periods for June 1922-Decernber 1931, and
monthly periods for January 1932-March 1933, and Regional Credit Corporations for October 1932-March 1933 will be shown in a subsequent issue. New series o n ' ' Brokers'
Loans" not available for periods not shown. For brokers' loans by reporting New York City member banks, see November 1934 and previous issues. Earlier data for
Federal Reserve member banks shown on p. 18 of the January 1934 issue except as noted below. These data cover 90 cities and supersede the previous data for 101 cities.
They are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which discontinued reporting. See special
notes below on Foreign Reserve member bank loans and investments. For new series on interest rates of Federal land banks see p. 20 of the April 1935 issue.
• These 3 series represent a break-down of the investment total. Monthly data previous to October 1934 not available.
A Data on acceptances and commercial paper, on real estate and other loans represent a break-down of the "All other" loans total which has previously been shown,
If added, they give a total comparable to figures formerly presented.
§ Figures subsequent to December 1933^represent gold certificates on hand and due from Treasury, plus redemption fund.




SURVEY OF CURRENT BUSINESS

July 1935
Monthly statistics through December 1931,
ogether with explanatory footnate sand references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935
May

33

1934
May

June

July

August

1935

Se

Pe4rem-

October Novem- Decem- January Februber
ber
ary

March

April

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

692
13

632
11

659
14

579
8

597
12

512
9

716
3

597
1

638
6

826
13

660
8

654
10

111

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

64
109
250
24
68
106
22, 561

57
91
298
22
64
113
23, 868

69
65
275
19
65
92
18, 460
3,401

41
66
230
31
64
71
16, 440
1, 735

68
107
335
22
65
116
19, 968

62
106
270
12
52
94
18, 350

55
129
274
26
60
88

76
104
320
18
118
117
18, 824

53
128
296
24
70
81
18, 738

56
80
293
26
87
%
18, 523
5, 000

47
110
345
33
103
127
18, 004

9,581

68
71
251
20
68
93
19, 326
4,416
6, 786

162
383

62
331

252
344

309
146

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

178
1,579
1,334
140
348
951
4,751
80

468
1,412
1,703
412
432
1 361
3, 197
10, 319
152

719
556
3, 438
165
914
1,259

739
1,004

467
1, 357

3,350
9,674

9,537

3,968

4,988
6,396

19,911
4,503
7,578

38
263

20
237

1, 654
333
139
312
418

5,319

4,722
6,383

36
271

157
209

164
97

62
135

382
160

94
1,018
342
183
316
481

73
1,652
991
281
138
350

59
836
818
135
132
550

315
1,291
1, 054
180
265
784
2, 233

7, 830
51

8, 130
124

7,633

234
1,474
287
363
302
527
1, 872

5

61

235
1, 678
1, 701
83
209
670
1,949
6, 675
63

508
994

634
1,027

478
1,719

421
1,044

539
1,054

155
1,117
1 481

3,028

525
622

2,730

4,929

5^1
744
1 440

399
1,376
1,885

18, 302
4 707
898
3. 807

18, 382
4 717
883

7,467

4,477
5,927

22
192

291
178

138
975
766
778
192
717
2, 765
8, 124
135

220
1,291
1,543
175
146
998

365
1,892
1, 737
85
365
673
1,881
7, 238
177

870
790

504
3, 362
320
988
1 451

7,489

2,902
7,569

225

2,697
9, 564
57

2,573

317
802

3,267

123
839
2, 145

714
587
3, 505
145
943
1,449

17, 487
5 398
1,124

17, 550
5 335
1,101

17, 725
5 201
1 047
4,154

17, 798
5 141
1 023
4,118

17,891

4,234

17, 659
5 272
1, 070
4,196

6,919
2 047
1, 727
2 586
559

7,010
2 116
1,732
2 592
570

7, 133
2 203
1,740
2 606
584

7,200
9

2,907

2, 898

1,201
34
868
299
791, 544
40, 989
226, 013
524, 542

1,132
51
805
276
762, 490
57, 812

246, 414
29, 266
7,813
54, 523
154, 812

556
233
58
66
199
118

3,875
175
1, 091

3,957

12

3,705
6 ; 966

3,786

5,375

2,423

6,842

2,673
5, 601

9,790
117

2,567

2,942

311
678
1,651

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

5 077
1 001

4,076

17, 982
4 997
'971
4, 026

18, 040
4 917
950
3, 967

18, 170
4 877
932
3, 945

18, 247
4 819
'917
3, 902

7,517
2 ,R03
1 758
2 626
630

7, 003
2 577
1 784
2 630
612

7,834

236
1 750
9 617
597

7, 392
2 407
] 754
2 619
612

2 804
1,791
2 6^9
610

7, 948
2 878
1,805
2 630
635

8,010
9 950
1*812
2 635
' 010

8, 097
3 013
1 829
2 037
' 018

2,893

2,889

2,886

2, 880

2,869

2,868

2,861

2, 854

2, 846

2, 841

1,042
26
766
250
694, 259
46, 795
202, 256
445, 208

1,073
25
793
255
699 879
39, 628
212, 380
447, 871

880
16
654
211
551 556
21, 087
170, 935
359 534

1 104
25
821
258
694 718
36, 206
216, 439
442 073

1,260
1 061
54
21
922
784
284
256
676 757 838 576
71, 394
28, 137
205, 463 239, 873
443 157 527 309

1,051
24
744
282
824, 903
27, 348
196, 255
601, 300

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

1 185
23
892
269
768 491
30, 611
235, 261
502 619

1, 151
32
854
265
733 870
37, 495
228, 188
468 187

252, 572
33, 246

234, 662
33, 501

211,892

49, 111
143, 700

245 252
27, 165
8 344
55 301

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

9,864

154,442

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

302, 195
71, 797

54, 072
156, 369

22, 760
7 870
50 772
130, 490

52, 549
167, 985

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

252 456
26, 605
10 114
54, 257
161, 480

252 982
29, 231
8 580
54, 625
160, 546

498
213
48
60
177

484
208
47
59
170

400
162
40
52
146

495
213
49
58
175

476
206
46
57
167

590
251
59
71
209
135

645
305
55
70
215

534
231
53
61
189

545
233
54
64
194

540
226
54
66
194

3,222

4,087

9 979

327
045
2 107

398
701

LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalf
mills, of dol— 18, 479
4,668
Mortgac;0 loans
mills of dol
868
Farm
mills, of dol
3,800
Other
mills, of dol—
Bonds and stocks held (book value):
8,327
mills, of dol—
3,163
Government
mills, of dol
1,881
Public utility
mills, of dol
2,639
Railroad
mills of dol
844
Other
mills, of dol
Policy loans and premium notes
2,834
mills, of dol—
Insurance written: f
1, 103
Policies and certificates
thousands .
38
Group
thousands. _
804
Industrial
thousands
Ordinary
thousands
261
732, 188
Value total
thous of dol
Group
thous. of dol— 50, 231
Industrial
— thous. of dol. 215, 323
Ordinary
thous. of dol
466, 634
Premium collections!
thous. of dol
255, 226
Annuities
thous. of dol.. 33, 800
Group
thous. of dol
8,966
Industrial
thous. of dol
48, 658
Ordinary
_.thous. of dol._ 163,802
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total
mills, of doL.
500
Eastern district
mills, of dol
203
52
Far Western district
mills of dol
62
Southern district
. mills, of dol .
Western district
mills, of doL.
183
Lapse rates
._ 1925-26 = 100

4,274

244, 281
28, 742

8,250

48, 018
159, 271

588
251
56
68
213

211,473
493, 205

8,885

8,350

3,834

8, 201
3 087
1,850
2 643
621

MONETARY STATISTICS
Foreign exchange rates:#
.336
.322
Argentina •
dol. per paper peso..
.326
.340
.337
.330
.330
.326
.338
.333
.325
.318
.333
.234
.234
.234
Belgium
dol. per belga..
.169
.234
.233
.237
.235
.233
.233
.169
.237
.228
.084
.082
Brazil
dol per milreis
.083
.085
082
.086
.085
.082
.082
082
.083
.083
.081
1.012
1.002
1.021
1.002
Canada
dol. per Canadian dol_
.999
1.008
1.024
1.013
.991
1.029
1.025
.999
.995
.102
.051
Chile
dol. per peso..
.051
.103
.103
.102
.051
.051
.103
.103
.104
.051
.103
4.89
5.05
5.04
4.99
4.94
4.89
4.84
England
dol. per £_.
5.07
4.99
4.95
5.11
4.87
4.78
.066
.066
.066
.066
.066
.066
.067
.066
.066
.066
.066
.066
France.
dol. per franc..
.067
.402
.383
.395
.385
.402
.402
.404
Germany
dol. per reichsmark..
.395
.403
.405
.401
.401
.403
.379
.379
.369
.372
.364
.369
.383
.376
.375
India
dol. per rupee
.371
.381
.368
.300
.082
.085
.086
.085
.086
.086
.087
.085
.085
.085
.083
.083
Italy
dol. per lira-.087
.302
.299
.291
.298
.285
.284
.284
Japan
dol. per yen-,287
.300
.298
.287
.288
.280
.679
.684
.678
.678
.676
.676
.675
.675
Netherlands
dol. per florin _ _
.676
.686
.681
.676
.680
.137
. 133
.136
Spain
dol. per peseta
.137
.137
.138
.138
.137
.137
.137
.137
.137
.137
.252
.252
.263
.260
.260
.261
.255
.255
.246
.249
Sweden
dol. per krona._
.258
.257
.251
.801
.806
.803
.801
.810
.812
.806
.802
.802
.800
.802
.801
.805
Uruguay
dol. per peso..
t Revised series. For earlier data see pp. 18,19, and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections.
# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
• Quotation based on paper peso since Dec. 10,1933, instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.




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

1934

1935
May

July 1935

May

June

July

1935

August Septem- October No^m- Decem- January Februber
ary
ber

March

April

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

8,755

7,759

7,821

7,893

7,971

7,971

7,989

8,047

8,191

8,284

8,465

8,552

8,641

-1, 535
49
140, 065

489
1,780
35, 362

986
6,586
70, 291

588
114
52 460

-1,055
14, 556
51, 781

2,419
22, 255
3 585

260
2,173
13 010

-85
310
121, 199

61
140
92 249

1,131
363
149 755

236
46
122 817

-661
540
13 543

-2, 301
62
148 670

138, 481
916 035
114, 552
5,507

34, 071
898 418
101, 217
5,355

64, 691
868 129
94, 439
5,341

52, 934
876 094
141, 910
5,350

36, 170 -16,251
881 861 857 442
93, 212 144, 313
5,355
5,427

11, 097
885 627
153, 887
5,473

120, 804
878 847
96, 365
5,494

92, 170
866 037
119, 864
5,577

150, 523
890 875
98, 590
5,411

123, 007
821 246
79, 564
5,439

12, 342
882 309
117, 786
5,477

146, 307
869 956
97, 080
5,500

2,885
13, 501
.744
16 870
1 896
6,200
2 693

1,638
4,435
.442
16 131
1 543
7,065
2 303

2,404
5,431
.452
14 871
963
6,461
2 312

1 789
2,458
463
13 667
1 359
5 321
1 853

1,741
21, 926
.490
15 481
1 378
6 536
2 087

1 424
20, 831
495
15 032
1 512
6 098
1 786

1,162
14, 425
524
15 581
1 039
6 821
2 099

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

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

1 248
19, 085
544
16 570
1 531
6 892
2 722

1 661
3 128
20,842
16, 351
546
590
o 16 071 °14 835
905
966
°6 640
°5 107
2 950
3 411

1 593
11, 002
678
o 15 646
1 001
6 500
a 2 579

3 280
2 112

7 174
2 449

7 907
2 630

7 865
2 402

5 068
2 257

5 465
2 739

4 419
2 593

916
2 955

1 146
2 743

1 369
3 452

1 614
3 144

1 853
3 106

2 372
2 513

NET CORPORATION PROFITS
(Quarterly)
Profits totalf
mills, of dol
Industrial and mercantile, t o t a l
mills, of doL.
Autos, parts and accessories
mills, of dol. _
Foods
mills, of dol_Metals and mining
mills, of doL_
Machinery
mills, of doL_
Oil
mills, of doL_
Steel and" railroad equip mills, of doL.
Miscellaneous
mills, of doLPublic utilities!
mills, of dol ..
Railroads, class I (net railway operating
income)
mills, of doL.
Telephones (net op. income) mills, of doL.

?364 1
Pl45 3

»87 4

46.2
24.8
8 4
5 4
58
*14 8
39.9
v 55 1

20.2
24.0
6 4
38
9 5
16 4
39.9
46 6

*>3.0
*17. 9
j>8 4
2 4
86
d
10 5
?35. 1
x>52 1

*>45. 6
18.9
9 4
4 6
19
d
O 8
35.6
p56 4

115.9

119.3

84.8

113.6
P50 1

d

'58 9
d

115 2

PTJBLIC FINANCE (FEDERAL)
Debt, gross, end of month
mills, of doL. 28, 638 26, 155 27, 053 27, 189 27, 080 27, 190 27, 188 27, 299 28, 479 28, 476 28, 526 28,817
28,668
Expenditures, total (incl. emergency) 3
thous. of doL. "283,651 563, 226 749, 347 478, 859 523, 078 462, 034 771, 530 656, 589 663, 725 481, 343 528, 998 576, 224 815, 151
Receipts, total!
thous. of doL. 266, 178 246, 801 411, 337 232, 712 297, 256 515, 383 302, 287 292, 219 439, 088 233, 486 237, 248 645, 605 267, 822
Customs
..thous. of dol.. 30, 339 21, 041 20, 837
22, 952
32, 428
36, 174
30, 509
28, 376
26, 351
24, 960
32, 303
19, 331
31,453
Internal revenue, total. .. -thous. of dol._ 206 677 194 294 362 243 195 592 229 548 379 738 209 697 189 119 333 785 194 366 181 621 557 304
194 083
Income tax
thous. of doL. 24, 835 23, 776 186, 161 21, 709 22, 924 171, 177 19, 189 22, 528 163, 057 22, 321 33, 310 321, 908
24, 385
Reconstruction Finance Corporation loans
outstanding, end of month: f§
Grand total
thous. of dol._ 2,664,911 2,734,874 2,872,254 2,707,282 2,685,401 2,668,746 2,649,695 2,664,115 2,682,007 2,657,867 2,652,039 2,641,167 2,649,329
Total section 5 as amended.thous. of dol_. 1,165,674 1,439,181 1,425,579 1,330,662 1,291,855 1,277,641 1,275,322 1,285,262 1,295,746 1,251,311 1,217,112 1,183,651 1,167,476
Bank and trust companies, including
receivers
thous. of doL. 503,000 606,074 590, 169 578, 050 591, 560 584, 037 579, 817 595, 070 626, 390 591, 649 564, 515 538, 431 522,471
Building and loan assoc.thous. of doL. 10, 385 44^ 530 39, 872 36, 220 30, 593 27, 697 24,604 22, 558 19, 951 15, 477 13,428 12, 281
11, 303
Insurance companies
thous. of dol._ 20, 060 35, 398 34, 563 32, 524 31, 363 30, 532 29, 852 29, 250 24, 745 23, 953 22, 526 22, 035
21, 184
Mortgage loan companies
thous. of dol__ 146, 426 190, 821 191, 531 184, 174 161,312 160, 057 158, 762 155, 628 159, 736 155, 839 154, 957 151, 796 149, 128
Railroads, incl. receivers, thous. of dol_. 413, 438 344, 950 353, 637 354, 742 343, 482 343, 595 353, 491 361, 830 376, 894 379, 464 379, 702 380, 199 386, 617
All other under section 5-thous. of dol.. 72, 365 217, 408 215, 807 144, 952 133, 185 131, 723 128, 796 120, 926 88, 030 84, 929 81, 984 78, 909
76, 773
Total emergency relief and construction
act as amended
-thous. of doL. 512, 694 571, 632 611, 485 571, 234 532, 465 504, 035 473, 910 465, 591 473, 037 478, 385 481, 064 490, 230 502, 604
Self-liquidating projects.thous. of doL_ 137, 321 88, 445 93, 004 96, 033 107, 159 111,062 112, 063 116,891 122, 536 125, 203 127, 604 132, 683 134, 269
Financing of exports of agricultural sur14, 992
14, 875
13, 947
12, 750
14, 954
15, 216
15, 176
15, 176
15, 164
14, 953
14, 963
pluses
thous. of dol_. 14, 926
15, 185
Financing of agricultural commodities,
55, 661
and livestock
thous. of dol._ 62, 757 171, 876 205, 992 161, 478 111, 907 80, Oil 48, 626 35, 935 37, 552 40, 288 49, 578 44, 883
Amounts made available for relief and
work relief
thous. of dol _ 297, 690 298, 561 298, 542 298 537 298, 524 298, 009 298, 006 297, 774 297, 774 297, 718 297, 718 297, 711 297,711
Total bank conservation act as amended
thous. of doL . 902, 358 704, 030 814, 679 781, 409 803, 333 827, 374 837, 742 849, 432 863, 984 873, 979 895, 904 902, 846 900, 541
78, 708
Other loans
-thous. of dol._ 84, 185 20, 031 20, 511 23, 977 57, 748 59, 696 62, 721 63, 830 49, 240 54, 192 57, 959 64, 440
A Or exports (—).
• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series for the period January 1928-August 1934 presented
in the SURVEY covered the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931,82.0; 1932,75.5;
and 0
1933, 77.5.
Revised.
v Preliminary.
<* Deficit.
cf Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
for the period May 1932 to March 1933 are on p. 33 of the monthly issues, from June 1934 to November 1934. Later data are shown in monthly numbers.
" The item of $333,245,378 carried by the Treasury as a credit under the trust funds for May represents a transfer of that amount from the general fund to the trust funds.
Amount represents deposits of governmental agencies for which Treasury has been acting as fiscal agent. The amount therefore has not been included in the May total of
receipts and expenditures.
1 For 1934 includes $2,808,221,138 for February, $2,233,252 for March, $3,409,051 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843
for September, $173,702 for October, $116,585 for November, $132,296 for December. For 1935 includes $123,639 for January, $68,241 for February, $157,316 for March, $157,326
for April, and $96,103 for May, representing the increment resulting from reduction in weight of gold dollar.
* For earlier data on net gold imports see p. 20 of the December 1932 issue.
§ This excludes relief grants to States by the R. F. C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator. During 1934 these amounted to $499,650,000 on Jan. 31, Feb. 28, Mar. 31, and Apr. 30, $500,000,000 disbursed for relief purposes under Emergency Appropriation Act
of 1935, and $10,000,000 purchase of stock in R. F. C. Mortgage Co. and $12,500,000 for preferred stock subscription in export-import banks.
t Revised series. See p. 19 of the July 1934 issue, corporation profits. The data of the Reconstruction Finance Corporation has been revised to include the statistics
of certain loaning agencies of the Corporation not included heretofore and for revisions made in recent audits. Revised data prior to May 1934 will be shown in a subsequent
issue.




SURVEY OF CURRENT BUSINESS

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

1934

1935
May

35

May

June

August

July

1935

Septem- October Novem- Decem- January Februber
ber
ber

March

April

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

FINANCE—Continued
CAPITAL ISSUES
Total, all issues (Commercial and Financial
Chronicle)
.
_ _ -thous. of dol—
Domestic, total
thous. of dol—
Foreign, total
thous. of dol—
Corporate, total
thous. of doL.
Industrialthous. of dol__
Investment trusts
thous. of doL.
Land buildings, etc
thous. of dol
Long-term issues
thous. of doL_
Apartments and hotels
thous. of dol__
Office and commercial
thous. of dol__
Public utilities
thous. of doL .
Railroads
thous. of doL _
Miscellaneous
thous. of doL.
Farm loan and Gov't. agencies •
thous. of doL _
Municipal, States, etc
_thous. of doL_
Purpose of issue:
New capital, total
thous. of doL.
Domestic, total
thous. of doL.
Corporate
thous. of doL _
Farm loan and Gov't. agencies
thous. of doL _
Municipal, States, etc.thous. of doL.
Foreign
thous. of doL _
Refunding, total
thous. of doL_
Corporate
thous. of doL _
Type of security, all issues:
Bonds and notes, total
thous. of doL.
Corporate
thous. of doL _
Stocks
_
thous. of doL _
State^and municipals (Bond Buyer) :
Permanent (long term)
thous. of dol__
Temporary (short term)
thous. of dol_.

470, 850 °144f 070
470, 850 "144, 070
0
0
126, 760
31, 781
86, 700
6,199
0
0
0
325
325
0

305, 522
305, 522
0
33, 167
420
0
0
0

373, 362
373, 362
0
145, 779
1,569
310
400
400

258, 810
208, 810
50,000
18, 019
10, 500
0
0
0

69, 246
69, 246
0
17, 187
1,300
0
0
0

157, 574
157, 574
0
31, 390
9,390
0
0
0

141, 668
131, 668
10,000
29, 800
600
0
0
0

186, 127
186, 127
0
47, 259
4,038
18, 500
0
0

140, 852
140, 852
0
7,726
4,319
0
0
0

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

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

0

0

0

0

0

0

0

0

0

0

0

0

0

0
19, 500
20, 235
0

0
8,000
17, 582
0

0
4,000
19, 747
9,000

0
43, 500
100, 000
0

0
6,315
1,204
0

0
13, 187
1,200
1,500

0
20,000
2,000
0

0
28, 000
1,200
0

0
1,360
23, 072
290

0
2,963
0
444

0
11, 000
8,000
3,000

0
58, 470
16, 945
0

0
84, 339
27, 400
22, 372

267, 394
76, 696

32, 500
•79, 789

158, 900
113, 455

135, 000
92, 583

164, 111
26, 680

13, 000
39, 059

83, 000
43, 184

10, 000
91, 868

18, 300
120, 568

36, 200
96, 926

12, 500
53, 527

20, 000
148, 330

195, 500
151, 770

86, 395 « 99, 788 122, 506
86, 395 ° 99, 788 122, 506
45, 193
9,420
28, 823

216, 645
216, 645
20, 279

179, 548
179, 548
8,019

43, 375
43, 375
7,187

121, 903
121, 903
390

107, 036
107, 036
8,227

140, 941
140, 941
34, 861

92, 097
92, 097
5,267

50, Oil
50, Oil
6,500

108, 079
108, 079
7,945

89, 850
89, 850
21, 988

3,500
64, 362

0
12, 500
41, 202 * 58, 465
0
0
384, 455 a 44, 282
81, 567
2,958

11, 500
101, 586
0
183, 016
23, 747

105, 000
91, 366
0
156, 717
125, 500

153, 111
18, 418
0
79, 262
10, 000

0
36, 188
0
25, 872
10, 000

83, 000
38, 513
0
35, 671
31, 000

10, 000
88, 809
0
34, 632
21, 573

0
106, 080
0
45, 185
12, 398

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

0
43, 511
0
45, 807
23, 291

0
100, 134
0
180, 416
112, 220

413, 299
113, 891

464, 650 <» 140, 829
120, 560
28, 540
6,200
3,241

296, 102
23, 747
9,420

371, 783
125, 500
1,579

258, 810
18, 019
0

64, 197
17, 187
2,300

157, 184
31, 390
390

141, 668
29, 800
0

184, 800
47, 259
1,327

138, 848
5,722
2,004

95, 818
29, 791
0

288, 495
120, 165
0

498, 454
155, 879
4,695

81, 809
40, 446

179, 740
62, 649

122, 575
60, 418

48, 635
19, 652

39, 667
98, 583

69, 748
14, 079

89, 879
23, 160

114, 183 a 83, 090 « 56, 113 « 146,517
42, 023 119, 686
50, 946
64,496

159, 223
84,680

90.17
92.32
80.79

90.80
93.16
80.15

89.79
92.00
79.59

88.99
91.13
78.97

88.27
90.05
79.89

89.39
91.23
80.61

89.85
91.68
80.97

90.73
92.57
81 58

91.30
93.35
81.06

91.29
93.35
80 94

89.49
91.79
77.80

82.93

83.89

84.12

81.66

78.97

81.25

82.05

83.91

86.02

83.16

79.00

78.37

76.07

76.57

77.55

76.83

74.31

75.40

77.13

80.06

83.07

83.75

81.20

80.47

o

SE CUBIT Y MARKETS
Bonds
Prices:
All listed bonds (N. Y. S. E.)
dollars. . 90.62
Domestic issues
dollars. _ 92.81
79.84
Foreign issues
_
dollars
Domestic (Dow-Jones) (40)
79.60
percent of par 4% bond. _
Industrials (10)
82.97
percent of par 4% bond. _
Public utilities (10)
90.09
percent of par 4% bond. _
Rails, high grade (10)
percent of par 4% bond. _ 113. 57
Rails, second grade (10)
54.66
percent of par 4% bond. _
Domestic! (Stand. Stat.) (60)
dollars. . 101.2
U.iS. Government (Stand. Stat. )*._ dollars. _ 107. 40
Foreign (IV. Y. Trust) (40) .percent of par. _ 65.61
Sales on New York Stock Exchange:
Total
— -thous. of dol. par value. _ 284, 155
Liber ty-Treas__ thous. of dol. par value. _ 61,840
Value, issues listed on N. Y. S. E.:
Par, all issues
.mills, of doL _ 43, 720
D omestic issues
mills . of doL _ 36, 322
7,397
Foreign issues
mills, of doL _
Market value, all issues
mills, of doL. 39, 618
Domestic issues
mills, of doL. 33, 712
5,906
Foreign issues
mills, of doL _
Yields:
Domestic (Standard Statistics) (60) f
4.32
percent ._
4.65
Industrials (15)
percent-3.27
Municipals (15)f -- -percent
4.36
Public utilities (15)
—.percent5.00
Railroads (15)
percent-Domestic, municipals (Bond Buyer) (20)
3.46
percent—
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills* A
percent..
182-day bills* A
percent—
U. S. Treasury bonds*
percent-2.61

90.69
92.95
79 50

88.34

91.26

92.59

93.48

90.33

92.76

95.39

96.18

98.45

89.26

89.91

89.07

101. 57

103. 47

104. 68

102. 19

99.70

103. 25

104. 68

107. 47

110. 25

112. 52

111.42

112. 58

71.84
97.6
105. 34
66.54

71.45
99.0
105. 90
66.04

69.92
99.3
106. 47
65.10

64.59
97.8
105. 42
64.39

62.13
96.7
103. 47
65.60

64.52
98.4
104. 69
65.94

63.49
98.8
104. 85
67.17

64.61
100.0
105. 53
66.83

65.64
101.3
106. 50
70.10

62.22
101.3
107. 11
68.96

54.88
99.9
107. 18
65.07

54.04
100.0
107. 30
66.07

283, 899
65, 488

260, 507
64, 643

263, 750
69, 290

317, 140
151, 220

285, 009
128, 605

278, 238
98, 503

250, 094
56, 359

272, 869
52, 667

330, 546
94, 716

220, 256
48, 239

310, 655
113, 211

265, 990
60, 483

42, 406
34, 504
7,902
38, 239
31, 855
6,384

43, 554
35, 663
7,890
39, 547
33, 223
6,324

43, 964
36, 133
7,851
39, 473
33, 225
6,249

44, 337
36, 515
7,822
39, 454
33, 277
6,177

43, 903
36, 185
7,717
38, 751
32, 586
6,165

44, 083
36, 461
7,622
39, 406
33, 262
6,144

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

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

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

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

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

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

4.56
5.29
3.93
4.57
4.47

4.47
5.19
3.73
4.51
4.45

4.45
5.10
3.75
4.47
4.47

4.55
5.12
3.81
4.57
4.68

4.63
5.22
3 84
4.64
4.82

4.51
5.09
3.69
4.56
4.68

4.48
4.99
3 57
4.53
4.82

4.40
4.88
3 52
4.47
4.70

4.32
4.75
3 45
4.44
4.63

4.32
4.75
3 39
4.41
4.72

4.41
4.76
3 27
4.44
5.15

4.34
4.77
3 25
4.41
5.18

4.17

4.01

4.05

4.15

4.21

3.94

3.89

3.81

3.61

3.55

3.37

3.39

.06
.14
3.01

.07
2.94

.08
2.85

.20
2.99

.27
3.20

.21
3.08

.22
3.05

.15
2.97

.14
2.83

.12
2.73

.10
2.69

2.64

Cash Dividend and Interest Payments
and Bates
Dividend payments (N. Y. Times)
thous. of dol— 323, 523 264, 155 217, 544 113, 295 245, 625 162, 704 140, 477 343, 031 231, 750 181, 107 212, 606 202, 988
130, 960
Industrial and miscellaneous
thous. of dol.. 296, 470 246, 149 182, 794 107, 860 230, 336 158 368 135, 419 319, 129 209, 080 152, 303 196, 048 199, 945
124, 225
Railroad.
thous. of dol— 27. 053
18. 006
34. 750
5.435
15. 289
4.336
5.058
23. 902
22. 670
28. 804
16. 558
3.042
fi. 735
0
Revised.
• Has included since July 1934 other than Farm loan issues for which Treasury has acted as fiscal agent.
t Revised series on domestic bond prices for July 1931-February 1933 appeared on pp. 19 and 33 of the April 1933 issue. For earlier data on yield of domestic and
municipal bonds see pp. 19 and 33, of the April 1933 issue.
* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years).
See special note below on yield on U. S. Treasury bills. See p. 20 of the June 1933 issue, U. S. Government bond prices.
A Monthly data on yields from 91-day bill, for period December 1929 to May 1934 are shown on p. 20 of January 1935 issue. Data on yields from 182-day bills not
available proir to February 1934.




SURVEY OF CURRENT BUSINESS

36
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935
May

July 1935

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

FINANCE—Continued
SECURITY MARKETS— Continued
Cash Dividend and Interest Payments
and Rates— Continued
Dividend payments and rates (Moody' s):
Dividend payments, annual payments at
current rate (600 companies)
mills, of doL . 1, 186. 1
Number of shares, adjusted
millions-- 918. 42
Dividend rate per share, weighted average
1. 29
(600)
dollars
3.28
Banks (21)
. dollars _
1.10
Industrial (492)
dollars_Insurance (21)
dollars
2.07
Public utilities (30)
dollars-1.84
1.24
Railroads (36)
dollars -

1, 094. 5
929. 04

1, 105. 1
929. 04

1,113.4
918. 05

1, 128. 9
918. 08

1, 131. 1
918. 08

1, 137. 1
918. 08

1, 163. 9
918. 08

1, 168. 7
918. 08

1, 177. 5
918. 08

1, 184. 4
918. 08

1,181.6
918. 42

1, 184. 4
918. 42

1. 18
3.58
.94
1.70
1.98

.98

1 19
3.60
.95
1.70
1.97
1.09

1 21
3.77
.96
1.71
1.97
1 20

1 23
3.77
.98
1.71
1.98
1.20

1 23
3.77
.98
1 71
1.98
1 20

1 24
3.77
.99
1.71
1.98
1. 20

1 27
3.77
1.03
1.71
1.98
1.21

1 27
3.73
1.06
1.78
1.90
1.21

1 28
3.68
1.07
1 91
1.87
1 24

1 29
3 68
1.08
1 91
1.87
1 24

1 29
3 28
1.09
1 91
1.86
1 24

1 29
3 28
1.10
1 91
1.86
1 24

95 3
23.1
43.6
82 66
131. 17
34.15
71.8
79.6
69 8
43 3

96 7
23.8
44.3
85 71
135. 70
35.73
73.5
81.4
71 9
44 1

94 5
22.2
40.7
83 00
133. 87
32.12
71.4
79.7
69 2
41 2

91 6
20.5
35.4
79 16
130. 46
27.86
67.8
76.7
64 6
35 6

90 5
19.8
35.1
78 76
129. 95
27.56
67.0
75.7
63 7
35 1

93 5
19.8
35.7
81 71
135. 32
28.11
67.3
76.4
6? 9
35 6

99 3
18.8
35.8
85 14
141. 62
28.67
69.4
80.1
60 7
35 3

101 6
18.0
36.5
85 07
141. 46
28.68
69.2
80.3
58 2
35 8

103 1
17.5
35.5
85 82
144. 21
27.43
69.7
81.4
57 4
34 6

103 0
16.5
32.4
84 64
144. 23
25.06
67.8
80.0
54 5
31 8

99 8
15.6
28.5
80 74
139. 48
22.01
63.9
75.4
53 2
27 8

106 0
17. G
30.1
85 68
147. 56
23.81
67.5
78.9
59 1
29 4

58 6
65 2
25, 343

58 7
66 7
16, 802

57 8
66 8
21,116

53 4
65 1
16, 693

48 1
65 0
12, 636

48 7
67 3
15, 660

51 6
72 4
20, 868

49 1
73 2
23, 5S8

51 5
73 7
19, 410

53 4
74 2
14, 404

47 5
72*3
15, 948

47 4
75 2
22, 408

33,817
1, 294

34, 440
1, 295

30, 752
1,294

32,618
1,310

32, 320
1,313

31, 613
1,305

33, 888
1, 305

33, 934
1,305

32, 991
1,305

32, 180
1,303

30, 936
1,304

33, 548
1,302

3. 58
3.25
5.83
2.54

3.55
3.29
5.44
2.49

3.67
3.38
5.73
2.69

4.00
3.60
6.30
3.71

4.21
3.83
6.53
3.76

4.22
3.83
6.71
3.70

4.14
3.70
7.14
3.72

4.25
3.76
7.84
3.68

4.24

s!o2
3.79

4.24
3.74
8.07
4. 13

4.51
4.01
8.12
4.70

4.35
3.96
6. 70
4.5C

5.78

5.73

5.67

5.71

5.79

5.79

5. 64

5.48

5.42

5.38

5.33

5.30

Stocks
Prices:
Dow- Jones:
113 5
Industrial? (30)
dol per share
19.2
Public utilities (20)
dol. per share- Railroads (20)
_dol. per share-31.0
89.84
New York Times (50)
do^ per share
Industrials (25)
dol. per share-- 155. 64
24.05
Railroads (25)
dol. per share. 73.1
Standard Statistics (421)
1926 = 100-85.5
Industrials (351)
1926 = 100-64 5
Publ'c utilities (37)
1926=100
31 0
Railroads (33)
1926 = 100
Standard statistics:
47 3
Barks N Y (20)
1926-100
79 2
Fire insurance (20)
1926=100
Sales, Ar. Y. S. E.
tiious. of shares. _ 30, 438
Values, and shares listed, N. Y. S. E.:
Market value all listed shares-mills, of doL. 34, 549
1,304
Number of shares listed
millions-Yields:
Common, Standard Statistics (90)
percent _ _
0)
Industrials (50)
percent _ 0)
Public utilities (20)
.percent-0)
(!)
Railroads (20)
percent
Preferred, Standard Statistics:
Industrials, high grade (20)
percent- 5.19
Stockholders (Common Stock)
American Tel & Tel Co , total
number
Foreign
number
Pennsylvania Railroad Co., total number Foreign
number
U. S. Steel Corporation, total _ number
Foreign
number
Shares held by brokers percent of total..

674, 739
7,826
232, 998
3, 156
191, 446
4,083
19. 44

675 410
7,743
233, 707
3, 151
192,214
3, 802
19. 03

675 426
7, 686
233, 826
3, 165
190, 745
3. 785
19. 73

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

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

44

42

45

43

45

50

54

51

45

46

43

49

43

46
53

45
48

50
42

48
39

49
37

48
41

45
40

45

43
41

45
52

47
47

48
55

46
53

52

47

«

43

39

43

39

47

41

51

48

49

49

40
35

50
60

59
48

46
46

46
54

65
61

82
70

73
58

62
46

57
43

50
39

45
41

41
30

185, 001

164, 35C

8,135
38, 593
14, 744
76, 013
7,334
6,113
6,947
29, 444
26, 532
26, 005
18, 706
5,963
17, 021
4,623
4,125
1,316

8,006
34, 100
13 719
63, 388
8,619
4 814
4 156
20, 550
28, 957
28, 582
15, 747
5,370
14, 150
3, 864
4,024
1,088

VALUE §
Exports, incl. reexports
thous. of dol__ 165, 457 160, 207 170, 574 161, 787 171, 965 191, 660 206, 352 194, 901 170, 676 176, 223 163, 006
By grand divisions and countries:
8,502
7,064
6,659
7,996
6,797
5,376
5,637
5,757
7,290
6,663
7,149
Africa
thous. of doL_
38, 132
44, 294
38, 393
39, 969
27, 538
35, 935
40, 119
46, 883
37, 403
41, 837
Asia and Oceania
thous. of dol— 33, 441
12, 812
16,310
15,974
23, 309
11,507
13, 857
26, 994
13, 977
19. 901
19, 977
Japan
thous of dol
22, 846
61,814 ' 68,728
66, 692
86, 912
66, 482
67, 618
95, 100
88, 541
69, 346
78, 550
Europe
thous. of dol— 64, 945
8,140
6,476
7,544
6,379
10, 334
10, 512
9,131
9,298
7,326
7,263
9,935
France
thous. of dol—
6,847
8,230
6,803
7,443
6,275
4,980
6,075
4,735
7,703
5,063
4,646
Germany
thous of dol
3,552
4,821
6,233
4,853
4,276
4,275
4,951
5,093
8,445
6,226
6,870
Italy
thous of dol
24, 862
25, 922
24, 380
30, 694
40, 119
28, 486
37, 968
47, 036
40, 536
United Kingdom
thous. of dol_. 24, 238
25, 766
27, 852
21, 379
23, 151
32, 415
28, 515
27, 281
25, 370
23, 664
27, 420
26, 655
North America, nor them, thous. of dol__ 31, 380
31,989
27, 987
26, 761
27, 257
24, 850
26, 038
21, 009
22, 815
26, 875
Canada
_.thous. of doL. 30, 636
23, 317
14, 927
15, 064
14, 073
15, 976
15, 842
15, 674
14, 656
17,418
15, 485
North America, southern -thous. of doL_ 16, 195
14, 353
5, 625
4,762
4,614
4,753
4,666
4,765
4,407
5,035
5,910
4,506
Mexico
thous. of dol_.
4,370
13,919
12, 998
13, 597
16, 522
15,318
13, 774
13, 152
13, 503
15, 092
13, 955
South America
thous. of dol._ 12, 699
3, 535
3, 504
3,692
3,712
4,437
2, 946
3,504
3,368
4>, 135
Argentina
__ thous. of dol—
3,765
3,780
3, 158
3, 343
3,979
2,989
3,216
3,965
3,534
3,225
3,551
2,961
4,359
Brazil
thous. of dol_1, 119
1,048
814
1,329
1, 045
883
1,181
1,271
1,110
1,645
Chile.
thous. of dol—
1,316
1
Temporarily discontinued by the reporting source.
§Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1933,
issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.




and January 1934

SURVEY OF CURRENT BUSINESS

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

1935

1934

1935
May

37

May

July

June

August

s

trhHNi^~

Decem- January Februber
ary

March

April

FOREIGN TRADE—Continued
VALUE— Continued
Exports, incl. reexports— Continued.
By economic classes:
Exports, domestic
thous. of dol
Crude materials
thous of dol
Raw cotton
mills of dol
Foodstuffs, total
-thous. of dol
Foodstuffs, crude
thous. of dol..
Foodstuffs, mfgd
thous. of dol_.
Fruits and prep
mills, of dol__
Meats and fats
mills, of dol. .
Wheat and flour--.._mills. of doL.
Manufactures, semithous. of dol._
Manufactures, finished.-thous. of dol._
Autos and parts
mills, of dol..
Gasoline
mills of dol
Machinery
_ mills, of dol
Imports, total c?
thous. of dol
Imports for consumption*.__thous. of dol_.
By grand divisions and countries :#c?
Africa
_.thous. of dol__
Asia and Oceania.
thous. of dol
Japan
thous. of dol._
Europe _ __
thous. of dol
France
thous. of dol _
Germany
thous. of dol_.
Italy.
thous. of dol
United Kingdom
thous. of dol._
North America, northern, thous. of dol. _
Canada
thous. of dol__
North America, southern— thous. of dol._
Mexico
..thous. of dol_.
South America...
thous. of dol..
Argentina
thous. of dol..
Brazil
thous. of dol__
Chile.thous. of dol
By economic classes:#c?
Crude materials
.thous. of dol
Foodstuffs, crude
thous of dol
Foodstuffs, manufactured -thous. of dol__
Manufactures, semithous. of dol_.
Manufactures, finished thous. of doL.

159,789
36, 920
19.4
15, 404
3,715
11, 689
4.7
4.3
1.4
26, 430
81, 035
18.6
4.5
22.2
170, 559
166, 791

157, 171
37 975
17 6
16, 816
3,994
12, 822
3.3
6.8
1.9
26, 189
76, 191
20.6
38
17.0
154, 647
146, 866

167, 957
47 003
28 9
14, 923
3, 023
11, 900
4.0
5.7
1.1
27, 923
78, 108
20.0
4 0
18.6
136, 082
135, 048

2,363
46, 360
11, 668
47, 725
3,914
5,747
2,533
12, 883
27, 394
26, 984
19, 485
3,516
23, 465
5,413
7,818
2,712

2,605
55, 877
10, 121
39, 412
4,320
5,469
2,988
10, 302
19, 242
18, 735
10, 912
3,000
18, 818
2,981
5,496
2,288

2,806
49, 146
9,279
35, 823
4,189
5,168
2,474
7,881
18, 468
17, 856
13, 039
3,466
16, 800
1,683
5,635
1,325

44, 361
26, 337
28, 661
33, 577
33, 855

42, 812
18 406
27, 913
26, 889
30, 846

42, 578
17 283
21, 977
26, 849
26, 361

159, 242 169, 832
39 662
37 199
20 3
17 8
1 7, 058 22, 071
5,287
3,685
16, 784
13, 372
2.9
7.7
5.8
5.7
1.6
3.0
28, 834
29, 408
78, 690
76, 152
15.3
18.4
4 1
35
20.2
18 9
127, 342 119,515
124, 123 117, 288

189, 237
66 437
32 2
20, 059
4,060
15, 999
7.1
5.4
2.0
29, 729
73, 012
14.0
38
18.8
131, 659
149, 755

203, 622
82 879
43 4
21, 873
5,342
16, 531
9.0
4.9
1.7
28, 818
70, 053
12.4
4 2
18.7
129,629
137, 859

192, 321
71, 744
39.2
18, 458
4, 589
13, 869
5.4
5.6
1.7
30, 412
71, 707
11.0
4. 1
20.6
150, 919
149, 412

168, 467
54 520
35.0
15, 669
3,621
12, 048
5.4
4.1
1.4
30,309
67, 970
12.4
3.4
19.1
132, 252
126, 231

173, 560
55. 814
32.2
16, 253
4,086
12, 167
5.3
4.7
1.2
27, 196
74, 297
17.2
4.3
18.2
167, 006
168, 623

160, 312
44, 995
27.1
16, 270
3,897
12, 373
6.2
4.4
1.2
25, 483
73, 565
20.5
2.8
18.8
152, 537
152, 288

181, 969
40, 450
21.8
16, 215
3,681
12, 534
5.4
4.1
1.4
30, 827
94, 477
25.0
5.0
23.7
177, 279
175, 408

160, 709
38, 222
21.8
12, 875
3,201
9,674
4.0
3.2
1.2
26, 205
83, 406
22.0
3.1
22.8
170, 567
166, 152

2,335
38, 335
8,599
37, 899
3,534
5,354
2,651
9,703
19, 360
18, 697
9,285
2,441
16, 908
2,010
6,583
1,448

2,260
34, 368
8,805
35, 788
4,198
5,515
2,771
7,649
19, 260
18, 759
10, 651
2,962
14, 961
1,159
6,671
1,038

1,960
37, 290
11,913
41, 980
4,358
5,854
3,130
10, 433
21, 078
20, 648
29,016
2,509
18, 432
2,006
8,648
972

2,620
36, 839
10, 242
40, 566
4,560
5,719
3,402
8,215
22, 497
21, 661
15, 314
2,165
20, 023
2,222
10, 219
1,940

2,488
42, 709
11,818
47, 862
6,165
5,675
4,113
10, 377
21, 974
21, 602
13, 280
2,279
21, 100
2,302
9,508
1,912

1,961
26, 535
7,032
37, 023
5, 167
5,056
2,905
7,743
24, 432
23, 685
19, 441
3,484
16, 839
3,706
6,305
1,685

3,016
60, 515
10, 196
46, 614
4,644
7,024
2,764
10, 970
19, 555
19, 248
18, 864
4,023
20, 059
2,980
8,181
1,909

4,746
50, 922
12,251
40, 606
4,054
5,918
2,674
11, 065
18, 342
18, 194
14, 242
3,869
23, 429
4,419
9,194
2,324

5,921
54, 221
12, 428
46, 498
4,643
6,340
2,866
11, 621
21,311
20, 880
20, 968
4,449
26, 508
6,675
8,610
2,904

3,771
50, 256
11, 276
46, 418
5,875
6,451
3,560
11, 513
22, 677
22, 357
20, 152
3,420
22, 879
4,853
7,549
3,388

39, 086
17 239
11,860
27, 464
28, 474

34, 237
17, 748
13, 100
22, 973
29, 230

38, 612
23 023
34, 319
24, 249
29, 552

35, 090
22, 726
24, 068
26, 103
29, 872

40, 117
23, 440
24, 326
27, 447
34, 082

28, 839
18, 597
29, 190
21, 018
28, 587

43, 133
27, 693
38, 118
29, 550
30, 129

45, 209
30,118
21, 609
29, 029
26, 322

50, 378
33, 605
25, 662
35, 237
30, 526

45, 900
27, 514
28, 588
30, 729
33, 422

7,274
140

7,204
138

7,513

8.120
758, 052
55, 302

8.120
704, 736
51, 275

8.120
771, 846
56, 104

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue.
Operating income

thous. of dol
thous of dol

7,392
122

7,079
118

6,826
136

6,961

149

7,421

7,521

139

141

7,497
146

8,051

142

138

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

8,120
cents.
8. 143
748, 630 °756 956
thousands
55, 292
thous. of dol._

.

8.143
705 536
51, 995

a

a

8.143
646 538
48, 127

8.143
660 714
49, 205

a

a

8.143
662 252
49, 014

a

8. 126
745 910
54, 467

8.126
8.126
709 627 "761 702
51,551
55, 736

a

a

8.120
747, 350
54, 733

Steam Railroads
Freight carloading (F. R, B.):
59
62
Index, unadjusted
1923-25 = 100..
67
64
60
58
61
61
64
56
63
63
63
53
82
Coal
1923-25-100
68
81
77
69
70
76
60
61
58
55
57
52
46
45
44
Coke
1923-25 = 100
69
70
50
38
54
58
56
35
46
35
34
Forest products
1923-25 = 100 .
31
29
28
36
35
34
30
31
26
35
31
57
Grain and products
1923-25=100
54
57
84
76
65
60
55
78
95
57
f>7
61
38
34
Livestock
1923-25=100
103
64
44
37
83
51
38
49
70
95
46
65
Merchandise, 1. c. 1
1923-25 =100_.
65
62
63
65
65
64
65
67
61
67
65
66
8
7
8
25
Ore-.
1923-25=100
63
42
14
10
71
59
87
83
73
69
Miscellaneous
1923-25 = 100..
62
67
64
69
63
58
65
70
55
67
70
71
Index, adjusted
1923-25=100
59
65
61
61
59
59
64
64
65
61
64
63
Coal.
1923-25=100
82
63
63
73
75
67
63
58
60
64
71
69
66
45
62
62
49
43
Coke
1923-25 = 100
43
51
52
50
56
39
45
58
33
35
33
Forest products
1923-25 — 100
29
30
30
32
31
33
33
33
30
30
74
59
Grain and products
1923-25 = 100. .
63
56
68
90
79
70
58
58
67
75
42
41
Livestock
1923-25=100
107
87
62
39
39
41
84
52
51
54
64
64
63
65
64
65
63
65
Merchandise, 1. c. 1... ..1923-25 = 100
63
66
65
65
65
Ore..
...
1923-25 = 100
34
49
39
31
47
43
20
34
40
48
46
30
39
71
Miscellaneous
1923-25 = 100
62
58
64
72
70
73
67
64
68
59
60
68
2 592
2 327
Total carslf
thousands
2 32R
2 420
3 142
2 531
2 170
2 303
3 078
2 353
3 015
"2 446
2 346
Coal _ _ .
_
thousands
574
379
'581
'494
551
683
394
502
373
383
484
"431
615
22
Coke
thousands..
23
26
22
31
35
33
23
34
18
30
17
27
Forest products
thousands ._
102
110
85
92
75
100
123
83
126
100
89
90
101
Grain and products
. thousands
174
122
102
108
171
111
125
135
102
112
174
160
96
Livestock
thousands
124
52
52
171
114
58
50
58
89
90
82
77
65
644
Merchandise, 1. c. 1
... thousands
797
609
804
638
640
721
577
789
653
639
613
660
11
Ore
._
_ thousands
122
13
18
35
102
69
125
116
26
16
83
166
844
892
912
773
1 157
961
Miscellaneous
thousands
1 214
1 163
978
885
915
875
967
Freight-car surplus, total... _. thousands
359
392
342
310
318
381
320
300
348
328
305
355
338
Box..
thousands
224
192
195
207
183
189
201
209
207
228
175
213
200
Coal
thousands- _
94
111
84
111
119
109
78
67
94
85
88
68
93
Equipment, mfrs. (See Trans. Equip.)
0
Revised.
c? Data revised for 1933. See p. 20 of the October 1934 issue.
# Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See
explanation on p. 9 of the March 1934 issue.
t Revised series. Data for January 1929-April 1934 inclusive, on electric railway passengers carried and operating revenues for January 1932-April 1934 inclusive, will be
shown in a subsequent issue.
1 Data for June, September, and December 1934, and March 1935, are for 5 weeks; other months 4 weeks.
* New series. Data prior to April 1933 on value of imports for consumption will be shown in a subseque: issue.
:ent




?!

38

SURVEY OF CURRENT BUSINESS

May

1935

1934

1935

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

Julv 1935

May

June

July

August

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

254, 940
206, 024
27 264
200, 103

280, 899
228, 603
27 737
213, 278

274,652
221, 968
27, 181
209,328

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Steam Railroads— Continued
Financial operations (class I railways) :
Operating revenues f
_._thous. of doL. 279, 549 "282, 039
224, 330 «228, 603
Freightf
_ .. .. .thous. ofdol
27, 114
Passengerf
thous. of dol
26 575
Operating expensesf
thous. of dol__ 209, 196 «210, 028
Net railway operating incomef
thous. of doL. 39, 505 « 39, 699
Operating results (class I roads) :
Freight carried 1 mile
mills, of tons..
25, 260
Receipts per ton-mile
cents_.
1.007
Passengers carried 1 mile
millions
1 340

282, 779
225, 709
31 555
208, 313

275, 984
221 291
32 187
208, 484

282, 679
224, 837
32 801
211,706

275, 511
220, 492
30 607
203, 800

292, 903
238, 792
28, 572
212, 573

256, 967
208, 547
24, 846
197, 872

257, 506
199, 356
32, 016
195, 351

264, 213
211,008
30 448
212, 972

35, 221

39, 677

41, 020

48, 625

31, 583

38, 738

21, 349

25, 720

37, 851

34, 626

25, 212
.994
1,612

24, 257
1.011
1 778

25, 402
.985
1,854

25, 885
.943
1,695

26, 497
.980
1,543

23, 708
.961
1,279

23, 105
.946
1,635

24, 964
.942
1,491

24, 140
.944
1,341

27, 586
.929
1,370

23, 320
1,041
1,386

274
550
2,302
1 008
979
5,745
2 392
1 287

243
557
1,767
835
901
7,901
2, 151
1 236

206
519
1,934
770
977
7,522
2J94
1 334

223
627
2,188
976
866
6,990
2,403
1 273

214
465
2, 143
1,045
924
6,145
2,303
1 171

272
726
2,173
1,029
1,036
5,006
2,707
1,331

264
559
2,339
1,015
884
2,627
2,424
1,253

254
0
2,089
885
39

204
0
1,945
825
0
0
2,513

164

236

1 122

1,836
708
0
0
2,090

2,210
961
0
0
2,383

213
329
2,079
811
157
888
2,461
484

246

248

280

282

261

« 1, 170

213

181

147

113

125

155

191

151
1,383

106
1,592

101
1,683

109
1,030

120
1,088

113
944

100
963

100
977

76
1,049

88
1,429

78
1,545

108
1,784

154
1,142

877

888

918

698

599

569

584

597

632

711

717

886

754

5, 703
3,699
2,004

Canals:
Waterway Traffic
Cape Cod
thous. of short tons_.
New York State _ _ ..tho-.s. of short tons _
Panama, totall
thous. of long tons..
U. S. vessels
thous. of long tons
St. Lawrence
thous. of short tons _
Sault Ste. Marie
thous. of short tons.Suez
thous. of metric tons
WeUand
thous of short tons
Rivers:
Allegheny
thous. of short tons
Mississippi (Government barges)
..thous. of short tons..
Monongahela
.thous. of short tons
Ohio (Pittsburgh to Wheeling)
thous. of short tons..
Ocean traffic:
Clearances, vessels in foreign trade f
thous. of net tons..
Foreignf
thous. of net tons..
United Statesf
thous. of net tons
Shipbuilding. (See Trans. Equip.)

41, 836

5,739
3,492
2 247

5,996
3.818
2,177

6,023
3,859
2 165

6,541
4,260
2,282

5,855
3,666
2,188

5,691
3,666
2,025

5,296
3,402
1,893

4,327
2,819
1,508

4,288
2,818
1,471

4,170
2,735
1,435

4,643
3,109
1,534

5,188
3,435
1,753

258, 924 «156, 702
4, 744 « 2, 775
64, 967 a 37, 981
27, 073 a 15, 041

170, 275
3,655
43, 292
17, 897

163, 342
4,118
48, 172
18, 153

198, 902
4,189
54, 835
21, 358

206, 327
3,660
44, 728
18, 875

221, 905
4,019
48, 477
20,838

206, 327
3,660
44, 728
18, 875

217, 852
3,365
33, 563
15, 595

177, 553
3,231
28, 922
13, 405

171,818
3,349
34, 998
16, 232

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

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

230
554
919
5,985

Travel
Airplane travel:
Express carried*
pounds..
Miles
flown*
thous. of miles..
Passengers carried*
number. .
Passenger-miles flown* thous. of miles..
Hotel business:
Average sale per occupied room _ _ . dollars _ _
Rooms occupied
percent of total
Foreign travel:
Arrivals, U. S. citizens—
number
Departures, U. S. citizens
number
Emigrants
number
Immigrants
number-Passports issued _
number
National parks:
Visitors
number
Automobiles
number. _
Pullman Co.:
Passengers carried
thousands
Revenues, total..
thous. of dol..
COMMUNICATIONS
Telephones (59 carriers) :*
Operating revenues
_.
thous. of dol
Station revenues
thous. of dol_.
Tolls, message
_
thous. of dol
Operating expenses
thous. of dol_.
Net operating income
thous. of dol
Telephones in service, end of mo.
thousands. .
Telegraphs and cables:
Operating revenues
thous . of dol . .
Commercial telegraph tolls.thous. of doL .
Operating expenses
..thous. of dol_.
Operating income
thous of dol

a 299

2,414
142

o

o

o

o

o

2.77
61

2.74
58

2.86
54

2.84
52

2.98
54

2.91
57

2.96
61

3.03
58

2.92
54

2.85
64

2.95
62

2.83
60

2.91
62

2,697
2, 951
22, 854

19, 479
18, 003
2 343
3,126
19, 760

18, 213
18, 984
3 033
2,975
24, 279

24, 065
26, 642
3 515
2,777
12, 294

49, 341
48, 696
4 004
3,785
7,591

43, 927
37, 533
4,710
3,585
5,599

24, 976
20, 825
2,630
3,586
5,059

15, 091
18, 542
4,354
3,386
5,046

12, 388
13, 942
3,853
2,559
4,959

14, 443
17,016
2,424
2,943
5,658

15, 474
17, 628
2,226
1,948
5,139

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

23, 374
16, 536
2,249
2,516
12, 674

132 030
31, 626

287 721
78, 928

570 295
145, 887

531, 734
163, 074

385, 147
54, 624

74, 709
16, 830

38, 729
7,375

37, 404
7,656

54, 720
9,767

63, 257
9,599

73, 961
7,545

90, 914
15,908

1,122
3,334

1,303
3,978

1,280
3,710

1,403
3,928

1,354
3,892

1,265
3,790

1,131
3,310

1,371
3,794

1,398
4,231

1,204
3,702

1,219
4,004

1,193
3,675

& 64, 627
* 37, 060
19, 968
MO, 103
6
16, 909

78, 576
51, 579
19, 808
57, 525
13, 263

79, 290
51, 558
20, 644
57, 347
14, 150

78, 076
51, 836
19, 211
55, 720
14, 660

81, 638
54, 374
20, 268
58, 052
16, 209

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

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

81, 475
54, 636
19, 793
57, 823
15, 377

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

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

82, 127
54, 483
20, 566
57, 499
16, 214

14, 016

13, 981

13, 990

14, 058

14, 093

14, 112

14, 132

14, 162

14, 201

14, 250

14, 303

9,477
7,372
8,154
910

8, 750
6,718
7,961
381

9,324
7,226
8,024
895

8,686
6,657
7,664
620

9,130
6,984
7,906
822

8,443
6,477
7,639
405

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

8,754
6,768
7,808
557

8,212
6,340
7,372
454

9, 153
7,052
7,810
952

9,377
7,366
7,790
1,195

1,146

9,523
7,397
8,168
943

CHEMICALS AND ALLIED PRODUCTS
Alcohol:
CHEMICALS
Denatured:
Consumption (disposed of)
19, 582
8,874
5,589
10, 048
10, 542
5,897
4,482
6,448
6,760
5,680
7,445
thous. of wine gal. . 5,773
5,238
5,864
9,841
19, 194
8,780
Production
thous. of wine gal..
6,731
6,943
10. 316
6,047
6,192
5,540
4,611
7,454
5,554
1,750
1,763
1,063
1,236
1,978
1,380
1,149
1,363
Stocks, end of month.thous of wine gal_.
1,580
1,527
1,801
1,317
1,694
Ethyl:
15, 791
Production
thous. of proof gal
21, 332
12, 998
13, 702
13, 823
15, 636
19, 550
17, 065
12, 290
12, 844
13, 478
9,767
14, 235
Stocks, warehoused, end of month
15, 216
27, 094
14, 449
15, 566
15, 630
thous. of proof gal. _ 22, 213
25, 893
27, 971
29, 788
15, 230
28, 967
16, 957
18, 092
Withdrawn for denaturing
32, 682
9,248
11, 684
16, 456
17, 272
14, 855
9,757
thous. of proof gal. . 9,897
10, 148
11,359
7,382 12,711
9,172
1,591
1,121
1,573
Tax paid*
thous. of proof gal_.
1,172
1,176
1,052
1,075
1,266
2,096
1,453
1,019
1,588
1,510
° Revised.
b
Returns reflect adjustments covering estimated refunds.
t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For
revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue.
T Data revised from August 1914 excluding vessels under 300 tons. Revisions prior to February 1934 will appear in a subsequent issue.
* New series. Data en airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles
flown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue. For
alcohol withdrawn tax paid, see p. 20 of the April 1935 issue. New series on telephones as compiled by Federal Communications Commission. Data supersede those published in previous issues of the Survey which covered all carriers having annual operating revenues in excess of $250,000; present series covers only those companies with

operating revenues in excess of $250,000 which have interstate lines. In December 1933 operating revenues of these companies were 97.7 percent of the total of the companies
previously reporting.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

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

1935
May

39
1935

1934
June

May

July

August

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Alcohol— C ontinued :
Methanol:
Exports, refined
gallons..
Price, refined, wholesale. N. Y.
dol. per gal. _
Production:
Crude (wood distilled) *f>
gallons. _
Synthetic.
gallons..
Explosives:
Orders new*
thous of Ib
Sulphur and sulphuric acid:
Sulphur, production (quarterly) •
long tons..
Sulphuric acid (104 plants) :
Consumed in prod, of fertilizer
short tons..
Price, wholesale, 66°, at works
dol. per short ton..
Production
short tons
Purchases:
From fertilizer mfrs
short tons
From others
short tons .
Shipments:
To fertilizer mfrs
short tons
To others
_
_
short tons..
FERTILIZER
Consumption, Southern States t
thous. of short tons..
Exports, totalf
long tons.
Nitrogenousf
Ion0" tons
Phosphate materials!
long tons..
Prepared fertilizers
long tons
Imports, total|#
long tons..
Nitrogenousf
long tons_.
Nitrate of soda!
long tons_.
Phosphatesf
.
long tons..
Potash!
long tons
Price, nitrate of soda, 95 percent, N. Y.
dol. per cwt..
Superphosphate, bulk:
Production
short tons
Shipments to consumers
short tons..
Stocks, end of month
short tons..
Pine oil:
NAVAL STORES
Production
gallons..
Rosin, gum:
Price, wholesale "B", N. Y. .dol. per bbL.
Receipts, net, 3 ports
bbl. (500 lb.)-Stocks, 3 ports, end of month. bbl. (500 lb.)..
Rosin, wood:
Production
bbl. (500 lb.)._
Stocks, end of month
bbl. (500 Ib.)
Turpentine, gum:
Price, wholesale, N. Y
dol per gal
Receipts, net, 3 ports
bbl. (50 gal.)
Stocks, 3 ports, end of month.bbl. (50gal.)._
Turpentine, wood:
Production
bbl (50 gal )
Stocks, end of month
bbl. (50 gal.)..
OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts (quarterly) :
Animal fats:!
Consumption, factory
.thous. of Reproduction
thous of Ib
Stocks, end of quarter
thous of Ib
Gelatin, edible:
Production
thous oflb
Stocks, end of quarter
thous of Ib
Greases:f
Consumption, factory.
thous. oflb
Production
thous. oflb
Stocks, end of quarter
thous. of lb.
Lard compounds and substitutes:!
Production
_
thous oflb

33, 621
.38

38, 556

52, 612

28, 348

324, 063
897, 294

22 659

.38

.38

298, 165
922, 551

256, 136
939, 439

24 231

24 812

23 384

.38

77, 732
.38

44, 937
.38

41,941

.38

38, 211

23, 222

44, 525

73, 365

30, 471

.38

.38

.38

.38

.38

319, 190

.38

48, 945

315, 983

300, 008

351, 468

22 635

29 147

26, 019

18, 544

386, 006
253, 612
297, 759 309, 739
951, 834 1,079,910 1,309,086 1,789,970 1,301,841 1,303,171 1,126,799 1,303,230 1, 167, 282
260, 402

26 063

289, 089

25 489

26 892

25 108

314, 199

23, 202

255, 396

293, 025

87, 944

83, 969

80, 214

83, 079

77, 404

85, 915

137, 357

143, 282

152, 268

162, 658

133, 319

104, 041

93, 873

15.50
111 102

15.50
107 568

15.50
92 894

15.50
88 049

15.50
97 478

15.50
116 120

15.50
149 968

15.50
159 781

15.50
172 052

15.50
169 301

15.50

154,359

15.50
141 352

15.50
139 333

11 610
13, 186

5 735
18 793

3 441
26 577

7 411
25 951

13 048
17 060

21 136
12 560

38 164
27 249

39 330
22 796

36 734
28, 813

34 545
27, 824

26, 269
21, 647

18 769
18, 636

11 760
13, 397

18, 473
29, 714

14 312
25 894

10 242
25 783

14 596
21 991

28 111
29 587

31 056
23 594

39 797
34 938

41 520
28 615

47 367
28, 537

39 693
35, 186

30, 615
38, 716

41, 990
42, 319

33, 855
40, 293

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

°157
113 752
2 646
106, 354

51
105 285
5 064
96, 262

26
83 382
4 577
75, 600

48
126 110
16 553
108, 475

101
109 982
29 591
76, 987

126
135 588
27 121
104, 143

97
127, 081
13 615
107, 313

316
68, 928
6 241
56, 946

684
92, 846
10, 746
78, 276

1,413
84, 296

704
93, 456
5,551
82, 946

174

350

88
118 437
21 093
93, 509

103, 723
71 057
39, 321
5 847
17 310

66, 707
44 164
10, 564
1 910
13 355

69, 285
43 576
10, 976
1 495
19 265

48, 442
18 535

69, 176
24 666

91, 807
42, 085
17, 085
2,411
44 015

27,811

3 141
38 963

82, 121
38, 728
7, 195
2 001
35 276

155, 348
63, 245

1 541
25 845

81, 560
31, 579
1,212
1,786
44 422

3,126
84 235

141, 787
89, 477
44, 494
3,169
46, 213

159, 071
107, 341
55, 957
3,177
42, 669

1.275

1.275

1.275

1.275

426

164

273

405
150

931

265

312

153

258

a

6,707

66, 562

196

98

176, 640

111,642
83, 415
4, 486
56, 045

1.275

1.350

1.350

1.350

1. 350

1.275

1.275

1.275

1.275

246 286
189, 133
964, 940

168 509
85, 508
820 096

153 236
21, 463
839 680

147 084
9,711
871 093

152 566

276 444 307 653 332 140 342, 210 282, 810
63, 856
34, 553
23, 358
63, 486
24, 965
957, 279 1,078,044 1,159,392 1,189,505 1,160,817

242,712

875 320

188 007
108, 752
880, 238

136, 864
963, 824

203, 152
169, 152
814, 804

378, 395

293, 807

266, 020

261, 410

282, 242

312, 375

300, 544

303, 686

317,912

330, 830

360, 252

337, 646

370, 222

4.65
97, 354
258, 255

5.49
97, 905
161, 001

5.46
102, 417
171, 805

5.31

5.42
5.25
92, 482 «101, 682
260, 040 272, 027

122,173

200, 649

5.30
89, 289
244, 968

5.25

116,019

5.31
109, 234
218, 256

321, 660

5.20
« 27, 406
272, 474

5.16
19, 525
217, 489

4.99
28, 397
250, 113

4.67
69, 290
250, 213

47, 867
95 829

43, 243
98 080

38, 554
98 558

37, 037
105 286

38, 537
105 887

43, 095
108, 933

39, 785
109 812

41, 884
108, 244

41,016

44, 489
110, 806

43, 252

111,659

43, 294
108, 956

46,028

105, 339

52
24 366
85, 846

56

51

48

46

.46

52

53

.52

.52

27 614
47, 692

31 148
55, 171

32 473
65, 510

26 856
71, 778

25, 161
86, 020

22, 999
94, 189

22, 834
106, 971

.55
2,235

.55

24 658
42, 570

.54
4,300

7 004
4,588

7 050
20, 689

6 393
19, 515

5 547
19, 016

5 904
19, 078

6 798
19, 817

6 288
18, 504

6 548
18, 752

16, 819

21,831

6,290

95, 283

94, 781

86, 987

4,761
88, 164

18, 410
87, 971

7,075

6,138
13, 418

6,316
10, 526

7,122

16, 116

190, 774
545 950
444 620

228, 945
465 719
382 938

217, 186
498, 603
418, 631

234, 949
352, 519
380, 419

3 585
8 908

1 570
6 556

5,279

7,817

5,047
8,629

64 722
90 175
75 652

60, 992
69, 600

49, 246
89, 257
73, 856

50, 732
71, 738
63, 590

218 114
25 133

352 965
24 964

338, 859
27 584

7,049

316, 227
32 738

81,954

Fish oils '(quarterly):!
60, 563
46, 358
Consumption, factory
thous of Ib
33, 595
43 104
_ .
46, 208
98 116
Production
thous of Ib
68 374
9 136
221, 547
71, 872
Stocks, end of quarter
-thous. of lb.
189, 492
161,411
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)!
754, 643
802, 381
479 873
thous of Ib
652 544
939
396
522
372
331
234
427
Exports
thous oflb
632
1, 161
1 094
1 034
883
923
91, 445
80, 395
78, 745
34, 200
71, 191
55 213
53, 935
60, 028
Imports!#
thous oflb
96 622
59 694
41 302
56 668
68 665
581, 304
730, 260
Production (quarterly)!
thous oflb
416 559
361 986
Stocks, end of quarter:!
525, 210
554, 108
548 547
Crude
thous oflb
530 959
642, 272
598, 460
Refined
thous. of lb.
502. 427
797. 171
« Revised.
* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
! Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20
of the September 1934 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue; quarterly data on oils, fats, and byproducts, for the years
1932 and 1933 also revised. See p. 19 of the March 1935 issue.
> The refined equivalent of crude production is approximately 82 percent.
• Texas only. Louisiana produced 23 percent of United States production in 1933 and 16 percent in 1934.
1 Figures since Jan. 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue.
# See footnote on p. 37 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.




SURVEY OF CURRENT BUSINESS

40
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1832 Annual Supplement to th Survey May

July 1935

1934
May

; June ! July

August

1935

Se em oet ber

& i °

Novem- Decem- January
ber
ber
I

«"5ru"
ary

March ; April

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable oils and products— Continued.
Copra and coconut oils:
j
Copra:
!
Consumption, factory (quarterly) :
short tons
Imports*
short tons.. 11, 990
Stocks end of Quarter
short tons
Coconut or copra oil:
Consumption, factory:
Crude (quarterly) f
thous oflb
Refined, total (quarterly) t
thous of Ib
In oleomargarine
thous. of lb_. 13, 304
Imports#
thous. of lb._ 27 849
Production (quarterly) :
Crude
thous. of lb__
Refined
thous of Ib
Stocks, end of quarter:!
Crude
___thous. of lb_. --Refined
thous. of lb__
Cottonseed and products :f
Cottonseed:f
Consumption (crush)
short tons.. 95 701
Receipts at mills
short tons.. 21, 669
Stocks at mills, end of month
short tons.. 174, 526
Cottonseed cake and meal:!
Exportsf
short tons .
49
Production
short tons.. 45, 921
Stocks at mills, end of month
short tons.. 241, 908
Cottonseed oil, crude:f
Production
thous. oflb.. _ 33, 081
Stocks, end of month
thous. of lb._ 46, 403
Cottonseed oil, refined:
Consumption, factory (quarterly) t
thous. oflb..
In oleomargarine
.thous. oflb..
7,819
Price, summer yellow, prime, N. Y.
dol. per lb__
.105
Production!
thous. of lb._ 52, 221
Stocks, end of month!—. thous. of Ib.. 540, 788
Flaxseed and products:
Flaxseed:
Imports, United States#.thous. of bu__
1,360
Minneapolis and Duluth:
Receipts
thous. of bu._
214
Shipments—
..thous. of bu_.
179
Stocks, end of month__thous. of bu..
397
Oil mills:!
Consumption, quarterly
thous. of bu__
Stocks, end of quarter. thous. of bu__
Price, no. 1, Minneapolis -dol. per bu._
1.77
Production, crop estimate
thous. of bu_.
Stocks, Argentina, end of month
thous. of bu.. 7,087
Linseed cake and meal:
Exports
thous. of lb_. 33 201
Sm'pments from Minneapolis
thous. oflb.. 4,776
Linseed oil:
Consumption, factory (quarterly)!
thous. of lb_Price, wholesale, N.Y
dol. per lb_.
.096
Production (quarterly) !__thous. of lb-_
Shipments from Minn. _ -thous. of lb.. 6,118
Stocks at factory, end of quarter
thous. of lb-_
Lard compound:
Price, tierces, Chicago* dol. per lb_.
.128
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb-_ 27, 785
Price, standard, uncolored, Chicago
dol. per lb_.140
Production
thous. of lb.. 30, 338

i
24, 519

65 439
20, 599
35 386

3,735

10, 079

45, 000
8,624
16, 772

5,177

20, 606

47, 392
27, 674
15, 210

177 236

9,396
24, 614

113,731
67, 374
10, 279
17, 990

94, 292
13, 771
17, 492

10, 415

124, 715

72 048
4,542
29, 047

17, 393

6,315
35. 742

7,765
17, 210

11, 360
14, 810

12, 787
20, 935

48 683
26, 579
25 688

15, 038

150 711
14, 428
31, 609

17, 282
27, 736

110 304
14, 560
25, 045

84 291
97 301

56, 716
63, 617

61, 238
80, 658

62 261
96 256

174, 154
39, 886

174, 924
37, 381

152, 747
34, 277

15, 945
25 293

122, 142
31,960

109, 367
55, 546

92 258
52, 407

99 699
42, 923

195, 761
271, 145

442, 281 598, 613
947, 372 1,030,607

415, 455
300, 626

400, 855
138, 700

343, 591
63, 347

252 863
39, 613

133 357
20, 426

320, 388

803, 236 1,235,230 1,232,067 1,117,238

531,067
527, 904

855, 083

574, 739

361, 489

248, 558

124
197, 694

196
265, 597

306
245, 389

82
189,717

94
180, 603

127
157, 998

236
116, 882

24
63, 437

96, 147

170, 251

257, 409

299, 200

320, 322

340, 057

346, 876

311, 279

264, 999

59, 322
38, 670

133, 970
74, 034

183, 600
97, 752

165, 808
100, 685

128, 872
95, 267

123, 708
100, 563

109, 046
102, 514

83, 529
93, 770

43, 971
60, 669

4,150

6,280

381, 728
7,428

7,322

7,323

352, 209
7,533

9,015

12, 171

286, 324
9,854

11, 005

.053
54, 643
738, 542

.059
43, 529
655, 552

.068
48, 522
543, 144

.075
81,050
450, 012

.081
155, 437
461, 440

.092
149, 593
487, 369

.101
129, 487
516,717

.109
110, 283
513, 341

.114
102, 890
524, 340

.108
95, 707
553, 531

.103
79, 219
577, 449

1,637

806

821

695

959

1,297

743

1,823

770

1,997

1,970

1,160

322
169
696

298
113
646

162
98
628

681
152
672

1,230
126
1,008

910
234
1, 218

294
127
1,210

252
83
1,108

139
114
1,011

135
54
978

105
44
878

139
242
603

1.91

5 016
1 421
1.91

1.90

2.05

4,293
1,368
1.98

1.90

1.86

4,569
1,851
1.99

1.97

1.94

5,754
2,094
1.81

1.85

280, 537

222, 761

300, 023

78
51, 407

366
41,011

91
45. 738

1,195
90. 633

219, 637

175, 441

124, 572

38, 462
76, 318

29, 879
45, 794

31, 544
34, 400

3,369

257 527
3,718

.050
65, 822
804, 946

• 5, 253
5, 118

4,724

3,150

3,543

2,756

2,362

1,575

2,362

3,937

5,118

7,087

7,874

31 739

34 328

33 441

32 126

20 935

30 869

31 338

21 558

32, 805

23, 524

30 704

36 929

6,648

5,871

5,292

7,628

5,533

6,483

7,325

8,182

7,714

9,653

7,952

6,114

.097

78 189
.099
98 026
3,603

.098

.099

.091

.088

.092

2,774

4,145

3,525

54, 338
.087
90, 253
2,233

.089

3,735

61 218
.094
85 038
4,163

3,298

4,209

59, 376
.095
111,823
6,324

6,053

3,969

128, 413

125, 416

113, 722

109, 367

.095

.073

.074

.078

.086

.098

.107

.111

.124

.129

.133

.130

.127

20, 063

13, 870

15, 847

25, 736

27, 545

26, 421

28, 980

32, 178

33, 724

45, 351

31,511

38, 243

.070
18, 280

.078
13, 983

.080
16, 363

.080
22, 026

.090
26, 842

.098
26,517

.100
28, 809

.104
30, 470

.119
33, 632

.125
41, 895

.141
34, 200

.140
37, 419

PAINTS
Paints, varnish, and lacquer products :§
Total sales
thous. of doL. 37, 055 33, 615 28, 750 23, 451 24, 314 22, 199
21, 889
27, 333
21, 529
33, 721
16, 515
24, 206
20, 300
Classified
thous. of doL. 24, 434 22, 172
15, 252
14, 687
18, 418
18, 944
15, 910
22, 295
16, 081
14, 177
13, 224
10, 805
15, 382
Industrial
thous. of doL. 8,689
7,299
8,092
7,140
8,061
7,630
7,449
5,814
5,226
9,178
6,579
5,268
5, 208
Trade
thous of dol
15 745
7 953
10 357
11 314
7 547
14 080
8 461
9 502
13 117
8 909
5 579
9 568
8 016
Unclassified (273 estab.)-— thous. of dol.. 12, 621 11, 443
6,842
6,636
7,541
8,915
9,806
8,233
8,022
5,710
11,427
8, 824
7,076
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines..
dollars. _ 376, 664 322, 583 277, 547 211, 782 235, 325 259, 136 274, 366 225, 078 227, 827 284, 758 221, 663 299, 610 332, 343
27 864
Plastic paints
_
dollars
24 312
35 563
39 825
22 665
33 675
25 782
21 330
25 292
27 314
36 653
18 188
30 807
Cold-water paints
dollars. . 128. 461 93. 204 77. 454 63?. 442 71. 299 71.828 78. 406 70. 304 52*. 869 64. 215 69. 000 88. 114 113. 202
«Dec. 1 estimate.
* For earlier data on lard compound price see p. 18 of the January 1934 issue.
! Revised series; Cottonseed and products. For year ended July 1932 see p. 20 of the February 1933 issue. For year ended July 1934 see p. 38 of the November 1934
issue, revisions for each month of 1933 were shown when monthly data for 1934 became available, and for exports of cottonseed cake and meal for the year of 1932 see p. 37
of the June 1933 issue, data revised for 1933; see p. 19 of the September 1934 issue; quarterly data on oils, fats, and byproducts for series shown on this page for the years
1932 and 1933 also revised. See p. 19 of the March 1935 issue.
§ Since June 1932, detailed figures are not strictly comparable with prior data owing to transfer of about 29 establishments from the unclassified to classified category.
# See footnote on p. 37 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.




41

SURVEY OF CURRENT BUSINESS

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

1935
May

1935

1934
May

June

July

August

Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

CHEMICALS AND ALLIED PRODUCTS—Continued
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
Production
thous. of Ib
1,292
1,231
Shipments
.
thous. of Ib
Cellulose-acetate : *
Sheets, rods, and tubes:
Production
-thous. of Ib
718
Shipments
thous of Ib
649
ROOFING
Dry roofing felt:
21,831
Production
short tons
6,324
Stocks, end of month. .._ ...short tons..
Prepared roofing shipments: 1
2,882
Total
.
thous. squares
586
Grit roll
thous. squares
991
Shingles (all types)
thous. squares. .
1,304
Smooth roll
thous. squares..

973
1,069

778
946

715
748

965
956

841
872

1 131
1,094

948
1,028

1 089
954

1,465
1,263

1,476
1 122

1 357
1,211

1 311
1,299

512
512

302
265

317
220

375
383

393
415

449
409

304
276

466
448

1,004
1 026

922
84Q

962
1 054

1,107
1 048

19, 945
4,677

17, 021
6,324

12, 232
5,397

19, 467
5,687

15, 667
6,411

14,710
6,648

12, 972
6,672

11 310
8,555

12, 899
6,629

11,726
7,484

15, 223
7,909

19, 723
6,653

2,413
606
678
1,129

1,326
336
406
583

1,677
395
436
846

3,762
790
850
2,123

2,019
557
477
985

2,387
597
655
1,136

1,941
462
483
996

1,373
345
315
713

1,277
368
247
663

1,118
278
257
583

2,032
464
555
1,012

2,974
606
908
1,460

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalf
mills, of kw-hr..
By source:
Fuels f
mills of kw-hr
Water power f
mills, of kw-hr._
By type of producer:
Central stations f
mills, of kw-hr._
Street railways,manufacturmg plants,etc.
mills, of kw-hr..
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.}..mills, of kw-hr_.
Domestic service
mills, of kw-hr
Commercial — retail _ mills, of kw-hr
Commercial —wholesale-mills, of kw-hr .
Municipal and street lighting
mills, of kw-hr ._
Railroads:
Electrified steam
mills, of kw-hr .
Street and interurban mills of kw-hr
Revenues from ultimate consumers (Edison
Elec. Inst.)
thous. of dol._
GAS
Manufactured gas:*f
Customers, total
thousands. .
Domestic
thousands
House heating
thousands. _
Industrial and commercial thousands
Sales to consumers
millions of cu. ft
Domestic
- millions of cu. ft
House heating
millions of cu. ft
Industrial and commercial
millions of cu. ft
Revenue from sales to consumers
thous. of dol
Domestic
thous of dol
House heating
thous. of dol._
Industrial and commercial _ -thous. of dol
Natural gas:*f
Customers, total
_
thousandsDomestic
thousands
Industrial and commercial- -thousands
Sales to consumers .. ..millions of cu. ft.
Domestic
.millions of cu. ft._
Industrial and commercial
millions of cu. ft
Revenues, from sales to consumers
thous of dol
Domestic
thous. of dol_.
Industrial and commercial thous of dol

8, 014

7, 703

7,490

7,617

7,722

7,207

7,833

7,609

8,058

8,349

7,494

° 8,011

« 7, 818

4.257
3, 757

4,477
3.226

4,796
2, 695

5,017
2,600

5,246
2,476

4,814
2,393

5,138
2,695

4,664
2,945

4,875
3,183

5,079
3,270

4, 512
2,982

o 4, 446
« 3, 566

a 4, 206
3,612

7, 549

7,215

7, 058

7,188

7,330

6,845

7, 426

7,206

7,601

7,881

7,063

465

488

432

429

392

361

407

403

457

468

431

459

451

5,917
967
1, 035
3,293

5,882
973
1,049
3,273

5,808
956
1, 060
3,212

5,982
957
1,080
3,337

5,774
1, 024
1,111
3,034

5, 988
1,081
1,112
3,142

5,689
1, 168
1,157
2,989

6,126
1.224
1,192
2,969

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

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

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

6,225
3,327

168

144

150

167

180

194

203

206

222

213

201

186

57
349

55
338

54
324

54
334

55
323

59
353

56
361

64
418

67
431

62
391

67
384

69
365

147, 915

147, 337

146, 529

148, 464

150, 196

155,812

160, 451

163, 807

170, 101

162, 470

155, 884

156,069

9,915
9,374
95
435
30, 181
20, 267
2,177

9,933
9,396
92
435
28, 558
20, 260
793

9,937
9,403
87
436
25, 325
17, 924
420

9,968
9,431
89
438
24, 661
17, 397
368

10, 022
9,480
96
437
27, 586
20, 163
490

10, 027
9,474
106
438
29, 231
20, 732
1,295

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

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

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

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

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

9,967
9,397

118
441
32, 089
19, 180

4,620

4,206

7,583

7,364

6,809

6,764

6,770

7,022

7,154

7,445

8,000

8,071

7,941

8,518

32, 204
25, 099
1,290
5,693

31, 244
25, 077
544
5,521

28, 195
22, 649
303
5,141

27, 554
22, 102
272
5,071

30, 694
24, 972
402
5,210

31,935
25, 405
912
5,488

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

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

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

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

32, 227
23 224

23, 385

5,504
5,177
325
70, 393
20, 566

5,490
5,176
313
64, 736
14, 864

5,465
5, 156
307
60, 069
11,215

5,484
5,176
307
60, 912
10, 223

5,530
5,218
310
64, 021
12, 216

5,588
5,263
322
69, 450
15, 657

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

5,673
5,316
355
93, 384
33, 916

5,620
5,267
351
101, 570
40, 640

5,638
5,284
351
100, 606
39, 945

5,663
5,305
356

5,653
5,303
348

93, 343
35, 452

85, 690
29, 132

48, 809

49, 017

47, 880

49, 692

50, 819

52, 983

56, 780

58, 444

59, 833

59, 514

56, 709

55, 544

24 032
14, 568
9,309

20, 865
11,701
9,036

18, 440
9,784
8,506

18, 050
9,242
8,668

19, 415
10, 356
8,918

21, 655
12, 103
9,430

26, 580
15, 938
10, 509

33, 239
21,414
11, 666

37, 679
25, 302
12, 198

36, 870
24, 339
12, 348

34, 035
22, 168

30 400
19, 04a

a 7, 367

2,983
5,880

11,683

1,102
1,129

31,957

2,464
5,962

11,203

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
3,512
3,277
2,968
2,722
4,006
3,796
4,550
4,939
4,567
2,329
2,545
3,270
3,431
thous. of bbl__
2,721
2,592
2,874
2,825
4,576
4,455
4,826
4,708
3,271
3,290
4,036
5,075
4,465
Production
thous. of bbl__
5,654
6,692
6,064
5,811
6,472
7,736
6,718
6,270
5,438
5,925
Stocks, end of month
thous. of bbL.
6,868
6,797
7,219
Distilled spirits:*
Consumption (tax-paid withdrawals) f*
6,072
4,214
2,384
3,431
4,604
5,963
6,323
4,591
5,258
2,366
thous. of proof gal._
5,301
2,748
4,901
1,974
2,828
5,338
4,715
4,613
2,097
3,961
5,267
3,700
5,516
4,203
4,384
Whisky
thous. of proof gal_.
2,210
9,465
12, 224
15, 754
14, 543
9,334
8,158
8,838
12, 110
14, 536
16, 067
8,814
15, 171
Production, total
thous. of proof gal-- 16, 701
8,785
11, 258
13, 954
14, 329
7,600
8,182
8,170
11, 200
13, 134
14, 875
15, 348
Whisky
thous. of proof gal._ 15, 679
8,695
* New series. For earlier data see p. 19 of the May issue, manufactured and natural gas. Beverage figures are from the U. S. Treasury, Alcohol Tax Unit. Monthly
data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. Data on consumption of rectified spirits are as indicated by the sale of
stamps. Data prior to April 1933 not published. Series on cellulose products prior to January 1933 not available.
H Revised series. Data revised beginning with January 1932. See p. 39 of the April 1935 issue. Revisions for period January 1932-January 1934, inclusive, will be
shown in a subsequent issue.
fFor revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; 1934 data also revised. Revisions
not shown in the June 1935 issue will appear in a subsequent issue. Manufactured and natural gas revisions for years 1929-34, inclusive, were shown on pp. 19 and 20 of the
May 1935 issue. Data on consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries. For revisions see p. 39 of the March 1935 issue.
• Consumption of distilled spirits (withdrawn tax paid) plus brandy tax paid direct from fruit distillers plus ethyl alcohol withdrawn tax paid (see p. 36) equals
Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.




42

SURVEY OF CURRENT BUSINESS
1934

1935

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

May

July 1935

May

June

!
j July

I

1935

August Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

FOODSTUFFS AND TOBACCO—Continued
BEVERAGES-Continued
Distilled spirits— Continued.
Stocks, end of month. .thous. of proof gal.. 150, 477
Whisky
thous. of proof gal-- 142, 639
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p.
38):
Consumption (tax-paid withdrawals)*
thous. of proof gal—
1,451

63, 351
57, 962

68, 872
63, 422

73, 841
68, 343

78, 380
72, 883

84, 093
78, 471

90, 055
84, 198

98, 028
91, 630

109, 203
102, 504

119, 034
112,082

129, 679
122, 560

139, 036
131, 659

1,306

958

1,389

1,532

1,577

2,672

2,825

3,137

1,235

1,202

1,492

1,414

150, 312 '159, 602

138, 657

133, 067

150, 881

137, 487

144,961

140, 844

136, 810

128, 802

110, 936

114, 699

136, 030

.27
.24
175, 096 »174, 976
58, 860 61, 499

.25
181, 759
63, 812

.24
171, 682
61, 251

.27
162, 589
57 881

.26
141, 809
49, 392

.27
130, 861
49 928

.29
110, 655
41, 564

.31
102, 702
39 110

.34
100, 130
42 716

.36
97, 003
37 873

.32
107, 060
38, 127

.34
127, 460
44, 246

58, 137
52, 859

DAIRY PRODUCTS

Butter:
Consumption, apparent*! thous. of lb._
Price, N. Y., wholesale (92-score)
dol. perlb..
Production (factory)!
thous. of lb.._
Receipts, 5 markets
thous. of Ib
Stocks, cold storage, creamery, end of
month
.
-thous. of lb._
Cheese:
Consumption, apparentf
thous. of lb__
Imports^
thous. of lb._
Price, no. 1 Amer. N. Y
dol. per lb__
Production (factory )t
thous. of lb__
American whole milk!
thous. of lb__
Receipts 5 markets
thous of Ib
Stocks, cold storage, end of month!
thous. of lb__
American whole milkf
thous. of lb_.
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened). -thous. of lb__
Evaporated (unsweetened) §
thous. of lb._
Exports:
Condensed (sweetened). -thous. of lb__
Evaporated (unsweetened)
thous. of lb__
Prices, wholesale, N. Y.:
Condensed (sweetened). dol. per case..
Evaporated (unsweetened)
dol. per case..
Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods.
thous. of lb__
Case goods
thous. of Ib
Evaporated (unsweetened) :
Case goods
thous. of Ib
Fluid milk:
Consumption in oleomargarine
thous. of lb__
Production, Minn, and St. Paul
thous. of Ib..
Receipts:
Boston, incl cream
thous. of Qt
Greater New York*
thous. of qt_.
Powdered milk:
Exports
. .. thous. of Ib
Orders, net, new
thous. of Ib
Stocks, mfrs. end of mo
thous. of lb_,

0

33, 086

27, 161

70, 148

108, 748

120, 467

125, 047

111,073

81 034

47 175

18 907

8,110

5 341

58, 282
3,735
.16
56, 909
42, 702
11 803

•58, 920
3,936
.14
«61, 096
«46, 294
15 029

45,352
3,897
.15
66, 545
53, 222
14, 392

46, 932
3,213
.13
62, 682
49, 106
16 487

54, 874
3,511
.15
57, 887
44, 650
17 257

50, 163
4,063
.14
51, 206
38, 205
12 840

61, 136
4 460
.14
47, 464
33, 732
14 277

50, 072
5 730
.15
35, 835
28, 146
13 609

42, 394
3 565
.15
31, 163
21, 517
9 522

50, 528
3,575
.17
26, 109
18, 771
13 526

42, 820
4,084
.18
27, 743
19, 493
10 821

45, 820
4,220
.17
34, 408
23, 891
8 955

53,311
4,455
.17
40, 547
29, 431
10 688

56, 723
48, 273

71, 469
58, 073

96, 960
79, 925

115, 842
97, 018

122, 495
103, 805

127, 363
108, 624

118, 008
102, 832

109, 972
96, 688

102, 197
89, 878

81, 220
71, 007

70, 156
60, 943

62, 851
54, 769

« 54, 459
* 46, 593

5, 676

27, 349

«26, 124

22, 103

16, 997

19, 425

16, 226

16, 691

15, 943

13, 683

14, 297

15, 122

18, 764

23, 224

231, 663

188, 084

210, 750

190, 089

175, 125

146, 130

138, 107

103, 419

93, 731

118, 562

123, 657

141, 331

180, 943

89

3,441

544

1,615

1,276

1,261

985

797

553

821

470

499

599

842

717

2,562

3,278

5,066

2,759

3,324

2,840

2,965

2,679

2,642

4,882

3,267

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

3.00

2.70

2.70

2.70

2.70

2.70

2.70

2.70

2.70

2.79

3.00

3.00

3.00

8,992
12, 284

8,458
9,239

10, 105
13,912

9,921
17, 156

9,210
17 432

9,476
15 891

9,417
13 555

9,135
11 236

7,687
10 516

5,635
8 068

4,646
5,153

4,880
3,714

« 5, 759
5,552

179, 684

151, 691

153, 149

205, 545

167 864

175 129

215 700

203 402

156 793

59 791

28, 913

39, 993

74, 145

7,012

4,168

3,461

3,900

5,184

6,332

6, 165

6,552

6,880

7,731

9,622

7,700

8,645

38, 702

37, 908

35, 202

31, 899

27, 988

24, 004

24, 174

23, 449

24, 747

27, 094

25, 978

29, 838

29, 722

111,529

18, 793
111, 196

19, 168
110,931

20 766
110, 460

19 291
103, 812

18 099
103, 331

18 290
106, 118

17 846
102, 914

17 350
101, 691

17 656
103, 072

15, 747
92, 157

17, 624
105, 684

17, 110
105, 280

13 023
27, 287

225
12, 670
35, 003

309
14, 691
40, 315

209
13, 184
43, 007

319
11 601
42, 838

376
11 090
41, 794

163
11 629
40, 795

234
11 437
36, 530

168
11 716
33, 151

213
10 700
30, 207

223
15, 367
23, 568

170
« 13, 755
20, 407

200
12, 298
» 20, 896

1 175

1,387

756

1,145

1 897

10 405

17 742

7 776

« 119, 855
5 672

5 732

5,838

4,674

3,107

360
15, 574
3,326

a 395

7,051
2 342

4,092
5,851
3 682

10, 408
7,394
3 514

10, 328
13, 631
2 083

8,890
14, 533
1 886

6,928
14, 866
2 787

4,646
14, 199
2,601

2,642
15, 198
1,208

* 1, 189
16, 741
2,385

975
«385 287
12 066

.975

1.006

.881

.935

18, 393

20, 923

20, 878

17,688

FRUITS AND VEGETABLES
Apples:
Production, crop estimate. -.thous. of bu._
Shipments car lot!
carloads
Stocks, cold storage, end of month
thous. of bbl__
Citrus fruit, car-lot shipments!
carloads..
Onions, car-lot shipments!
carloads
Potatoes:
Price, white, N. Y
dol. per 100 Ib .
Production, crop estimate., thous. of bu._
Shipments, car lot!__.
carloads. .

12, 303
3,031

10, 140
2,872

8,128
1,303

.806

1.762

1.541

1.200

894

1 006

948

1 006

18, 386

21, 467

25, 687

18, 748

11 513

14 761

21 627

14 829

GRAINS
Exports, principal grains, including flour and
2 773
1,762
1,615
meal!
thous of bu
1,607
5,182
« 1,478
759
2,050
1,884
1 842
2 884
3 371
3 388
Barley:
209
128
88
Exports, including malt!
thous. of bu_.
79
628
408
139
165
111
743
582
535
789
Price, no. 2, Minn.:
1.08
1.01
.97
1.09
Straight*
_.dol. per bu._
.87
.81
1.02
1.09
.95
1.07
1.06
1.08
1.15
1.07
1.18
Malting*
dol. per bu_.
.94
.91
1.20
1.00
1.17
1.16
1.10
Production, crop estimate thous. of bu
•118 929
2,104
1,893
2,550
3,502
Receipts, principal markets* .thous. of bu_. 3,205
3,813
2,297
3,509
4,796
8,556
8,595
5,484
5,188
Visible supply, end of month A
11, 516
9,005
7,684
12, 962
thous. of bu._
6,845
9,301
8,317
6,946
12, 403
14, 401
9,006
13, 525
14, 900
A Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
*New series. For earlier data see p. 20 of the November 1932 issue, barley; for receipts of milk in Greater New York, p. 20 of the August 1934 issue. Since the division of
no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1, 1934, prices for each grade have been reported separately. See note on p. 41
with reference to rectified spirits. See p. 19 of the June 1933 issue for butter consumption.
# See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.
!Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk cheese, p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,
September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1932 and 1933 revisions on butter and cheese consumption
and 1933 revisions on production of butter, cheese, condensed and evaporated milk, see p. 19 of the March 1933 issue. For final revision for 1933, cai-lot shipments of apples,
citrus fruits, onions, and potatoes, see p. 20, January 1935 issue. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total barley, corn,
and rice by months), see p. 20 of September 1934 issue.
a Revised.
§ Bulk evaporated milk not included since December 1931.
 • Dec. 1 estimate.



SURVEY OF CURRENT BUSINESS

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

1934

1935
May

43

May

June

July

August

1935

Se

^rem-

October Novem- Decem- January February
ber
ber

March

April

FOODSTUFFS AND TOBACCO—Continued
GRAINS— Continued
Corn:
39
Exports, including mealf
thous. of bu._
371
Grindings
thous. of bu..
4,571
5,271
Prices, wholesale:
.92
No. 3, yellow (Kansas City) -dol. per bu._
0)
No. 3, white (Chicago)
dol. per bu._
.91
.55
Production, crop estimate
thous. of bu
Receipts, principal markets- -thous. of bu__ 10, 850
8,072
Shipments, principal markets
7,356
thous. of bu._
15, 877
Visible supply, end of month •
thous. of bu_- 12, 041
46, 808
Oats:
63
Exports, including oatmealf-thous. of bu._
68
.44
Price, no. 3, white (Chicago) -dol. per bu._
.35
Production, crop estimate
thous. of bu
3, 351
5,002
Receipts, principal markets— thous. of bu—
Visible supply, end of month •
thous. of bu._ 10, 786
26, 205
Rice:
Exportsf
pockets 100 lb__ 288, 072
41, 267
Imports#
pockets 100 lb._ 7,717
52, 973
Price, wholesale, head, clean, New Orleans
.040
dol. per lb__
.039
Production, crop estimate. _ thous. of bu__
Southern States (La., Tex., Ark., and
Tenn):
Receipts, rough rice, at mills
143
«91
thous. of bbl. (162 lb.)Shipments from mills (milled rice) total 2
961
417
thous. of pockets (100 lb.)._
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of mo
1,075
1,896
thous. of pockets (1001b.)~
Rye:
0
0
Exports, including flour.. ._thous. of bu_.54
.60
Price, no. 2, Minneapolis
dol. per bu._
Production, crop estimate
thous. of bu_. / 44, 031
1,680 """I," 368"
Receipts, principal markets*_thous. of bu_.
Visible supply, end of month*
9,198
thous. of bu_.
10, 505
Wheat:
Exports :f
1,426
4,335
Wheat, including flour thous. of bu_.
2
1,456
Wheat only
.-thous. of bu._
Prices, wholesale:
No. 1, Dark Northern, Spring, Minn.*
dol. per bu._
1.16
.94
No. 2, Red, Winter, St. Louis
dol. per bu_.
.93
.87
.86
.99
No. 2, Hard, Winter, K. C.dol. per bu._
Weighted average 6 markets, all grades
.94
1.08
dol. per bu-_
Production, crop estimate, total
thous. of bu._
Spring wheat
thous. of bu_.
W inter wheat
thous. of bu /441,494
8, 298
12, 479
Receipts
thous. of bu
8,683
14, 566
Shipments
thous. of bu _
463, 660
Stocks visible supply world thous of bu
199, 926 196, 869
Canada
thous. of bu
31, 607
77, 631
United States *
thous of bu
Stocks, held by mills (quarterly)
thous. of bu._
Wheat flour:
7,920
9,052
Consumption (computed) t-thous. of bbL.
303
Exports
thous. of bbl
270
35, 487
37, 089
Grinding of wheat
thous. of bu
Prices, wholesale:
7.22
6.84
Standard Patents, Minn— dol. per bbl__
Winter, straights, Kansas City
dol. per bbl_.
5.69
5.48
Production :
7,760
8,103
Flour, actual (Census)
thous. of bbl..
Flour prorated, total (Russell's) t
8,125
thous. of bbl._
9,208
Offal
thous. of Ib 622, 740 657, 205
48
50
Operations, percent of total capacity
Stocks, total, end of month (computed)
4,200
thous. of bbl._
4,650
Held by mills (quarterly) thous of bbl

147
5,261

74
4,051

51
3,399

.96
1.01
«1,380,718
8,858
9,226

.96
.98

.92
.94

248
6,738

518
5,721

471
6,539

357
4,839

308
5,302

224
4,062

.57
.62

0)
.66

.78
.76

.81
.84

.80
.82

.91
.93

62 1
4,574

44
5,513

.88
.89

.93
.94

9,878

9,579

26, 568

41, 447

18, 685

16, 157

6,720

5,999

7,559

11, 353

13, 610

17, 488

10, 448

12, 372

12, 514

11, 294

8,931

7,767

9,308

7,905

38, 518

44, 830

60, 451

62, 407

58, 683

50, 537

43, 462

34, 204

28, 160

21, 923

15, 924

81
.43

76
.45

69
.49

87
.55

71
.52

73
.56
«528, 815
3,119
3,876

91
.56

54
.54

68
.49

65
.50

78
.54

2,811

3,388

7,231

4,886

4,516

1,983

2,256

2,261

2,224

22, 524

21, 445

24, 605

24, 241

22, 627

22, 191

22, 576

21, 258

19, 443

14, 366

11, 867

89 197
59 149

75 296
58 464

59 421
46 173

31 328
47 313

61 164
44 645

61 640
42 643

53, 225
46, 330

73 882
93, 287

46 194
182, 985

26, 121
81, 158

141, 593
15, 644

.039

.039

.039

.039

.039

.049

.049
• 38, 296

.049

.039

.039

.039

183

153

244

836

1,974

910

612

688

1,280

825

175

829

1,054

910

953

2,562

2,550

a 1, 842

0
.61

0
.61

525

483

555

747

993

810

714

1,575

1,267

972

1,083

2,189

2,356

2,311

2,247

1
.69

0
.74

0
.89

2
.87

0
.76

0
.76

0
.80
• 16, 040
445
"~1~502~ ""2," 332"

0
.76

~~~I,~903~ "~2~ 246"

847"

~~~i~46r

86"

0
.69
---

405"

190

8,988

11,452

12, 208

11, 798

11, 776

12, 323

13, 425

12, 572

11, 486

10, 630

9,652

1,415
387

2,168
826

2,042
1,776

2,199
109

1,923
57

1,936
152

1,511
32

1,257
14

1,301
4

1,502
10

a 1, 281
30

1.04

1.08

1.20

1.21

1.15

1.14

1.17

1.18

1.15

1.13

1.19

.91
.89

.92
.93

1.01
1.07

1.04
1.08

1.00
1.02

1.01
1.02

1.04
1.04

1.02
1.01

.98
1.00

.95
.97

.97
1.05

.95

.95

1.15

1.19

1.14

1.13

1.12

1.12

1.12

1.06

1.13

154
066
620
686
756

• 496,469
•91,435
« 405 034
7, 843
8,051
509 410
253, 119
89 766

5, 127
8,638
517, 317
242, 363
74 774

3,771
6,846
481, 793
235, 515
62 769

4,668
6,355
445, 599
227, 259
52, 735

6.390
7,971
405, 507
216, 181
42, 832

23, 445
15, 447
451 860
190, 717
79 395

49 708
16, 831
477 190
185, 120
117 973

23
13
491
183
121

045
934
130
710
727

102, 968

19
14
506
222
119

082
767
250
260
001

19
15
497
246
107

946
395
570
247
050

9
15
471
249
98

87, 314

134, 935

160, 904

8,487
219
34, 476

7, 550
286
33, 701

8,891
435
39 682

9, 268
443
40 371

9,875
397
41 833

8,881
380
37, 393

8.694
315
34, 323

8,600
265
37, 766

8,009
276
34, 509

8,697
317
36, 309

8,154
266
« 35, 466

7.05

7.18

7.46

7.50

7.32

7.25

7.25

7.32

7.28

7.16

7.48

5.79

6.01

6.14

5.88

5.79

5.85

5.79

5.75

5.66

5.91

7, 507

7,325

8,654

8,822

9,181

8,211

7,547

8.315

7,599

7,986

« 7, 787

8,407
613, 279
46

7,966
600, 486
47

9,425
704, 298
52

9, 881
716, 938
59

10,382
736, 619
55

9,311
655, 023
53

8,585
601, 417
49

9, 024
657, 904
51

8,465
599, 975
53

8,767
634, 700
49

8,290
« 621, 828
48

4,570
3,914

4,700

4,920

5,090
3 473

5,200

5, 250

4,820
3,857

4,700

4,600

4,500
3,582

4,270

882

LIVESTOCK AND MEATS
Total meats:
Consumption apparent A
mills, of Ib
Production (inspected slaughter) A
mills, of lb_
Stocks, cold storage, end of month, total •*
mills, oflb.
Miscellaneous meats
mills, of lb.

1,178

1,084

971

1,063

959

1 154

1,086

960

1,003

111

828

843

1,241

1,142

1,066

979

954

1, 161

1,204

1,122

988

111

782

799

720
57

920
53

932
61

994
78

881
90

852
105

828
107

921
113

1,077
126

1,021
110

981
89

913
78

a 813

66

° Revised.
1
Price not available.
2
Brewer's rice not included.
• Dec. 1 estimate.
/ June 1 estimate.
• New series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 20 of the June 1935 issue, wholesale price of wheat, No. 1, dark Northern, spring, Minneapolis.
f Data revised. For revisions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. 19 of the August 1933 issue. For revised
export data for 1933, see p. 20 of the September 1934 issue.
• Represents the visible supply east of the Rocky Mountains as reported by Dun & Brad street.
*> Government slaughter not included, see p. 44.
it See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue,
for FRASER

Digitized


44
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS
1935
May

July 1935

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

394, 538
1, 285

405, 041
1,034

FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS— Continued
Cattle and beef:
Beef and veal:
499, 808 461,514 430, 196 454, 901 461, 132
Consumption apparent A thous. of Ib
1,084
1,514
1,356
2,250
2,269
1,683
Exports!
thous of Ib
Price, wholesale:
Beef, fresh native steers, Chicago
.113
.114
.123
.191
.125
.141
dol. per lb._
Production, inspected slaughter A
thous. of lb._ 404, 144 493, 770 463,019 444, 139 469, 317 471,010
Stocks, cold storage, end of month <
thous. of Ib — 63, 563 42, 546 45, 471 61, 545 80, 075 92, 575
Cattle and calves:
Movement, primary markets: •
4,234
1,812
1, 636
2, 985
Receipts
thous of animals
1, 809
3,777
1,034
1, 225
2,186
1,672
2,140
Slaughter, local
thous. of animals _ _
1,209
Slaughter, inspected. (See Leather
and leather products.)
2,041
596
585
592
1,231
1,071
Shipments, total- _-thous. of animals-802
237
139
162
470
550
Stocker and feeder.thous. of animals- Price, wholesale, cattle, corn-fed, Chi8.50
cago .-dol. per 100 lb_. 12.43
8. 57
8.40
9.36
8.23
Hogs and products:
Hogs:
Movement, primary markets: •
1,551
2,067
2. 684
2,519
Receipts
thous. of animals 2, 093
3.076
2 272
1,075
1,420
1,934
1,777
1,531
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather
and leather products.)
501
477
732
645
798
759
Shipments, total thous. of animals..
59
46
67
Stocker and feeder. thous. of animals. 26
39
45
9.41
6.19
4.85
7.23
Price, heavy, Chicago dol. per 100 lb..
4.34
3.58
Pork, including lard:
Consumption, apparent
thous. of Ib—
631. 250 577, 106 493, 580 550, 884 442, 693
Exports, totalf
thous. of Ib — "26," 294" 79, 942 56, 251 51,243 45, C44 41,650
9,740
29, 358
33, 406
31, 506
66, 167
41, 008
Lardt
thous. of lb.Prices:
.203
.172
.184
.171
Hams, smoked, Chicago- _dol. per lb._
.136
.156
Lard:
.141
.072
.090
.102
.066
Prime contract, N. Y _ _ _ d o l . per Ib—
. 068
.148
. 099
Refined, Chicago*
dol. perlb..
.081
.116
.070
.073
Production, inspected slaughter, total
thous. of Ib- 373, 924 699, 676 633, 062 574, 229 452, 672 427, 324
Lard ^
thous. of Ib— 58, 684 137, 597 124, 069 107, 101 78, 125 69, 424
Stocks, cold storage, end of mo.
thous. of Ib.- 596, 724 823, 808 823, 560 853, 063 709, 165 652, 274
Fresh and cured A
thous. of lb._ 505,016 641, 568 628, 425 643, 566 542, 010 524, 220
Lard*
thous. of Ib— 91, 708 182, 240 195, 135 209, 497 167, 155 128, 054
Sheep and lambs:
Lamb and mutton:
Consumption, apparent A ._ thous. of Ib—
57, 191
55, 209
47, 167
47, 467
45, 726
Production, inspected slaughter A
thous. of Ib— 64, 678 47, 286 45, 846 47, 567 57, 313 56, 061
Stocks, cold storage, end of mo.
2,557
thous. of Ib—
1,608
2,400
1,518
1,363
1,450
Movement, primary markets: •
Receipts
_ thous. of animals
2,251
3,324
2,615
2, 114
2, 152
1,810
Slaughter, local.__ __thous. of animals 1,384
1,227
1,106
1,014
998
918
Slaughter, inspected. (See Leather and
leather products.)
1,046
1,482
Shipments, total
thous. of animals..
1,931
1,104
1,155
891
Stocker and feeder— thous. of animals86
390
774
190
155
115
Prices, wholesale:
3.69
Ewes, Chicago
dol. per 100 lb_.
1.47
2.09
3.00
1.78
1.63
.72
Lambs, Chicago
dol. per 100 Ib 5.59
5.56
8.97
5.91
7. 24
Poultry and eggs:
Eggs:
Receipts, 5 markets
thous. of cases..
1,963
828
665
1,452
1,927
1,009
Stocks, cold storage, end of month:
Case
thous of cases
7, 938
6, 366
6,803
7,819
8, 961
8, 965
Frozen
thous. of lb._ 84, 741 93', 947 116, 058 121, 564 111,994 99^ 951
Poultry:
Receipts, 5 markets
thous. of Ib
15, 147
21, 861
22, 417
24, 725
19, 604
22, 755
Stocks, cold storage, end of mo.
thous. of lb._ 48, 311 39, 790 40, 609 44, 904 46, 053 55, 262
TROPICAL PRODUCTS
Cocoa:
Imports#
long tons
11,763
10,914
8,044
10, 456
18. 973
10, 843
Price, spot, ^ccra, N. Y
dol. per Ib—
.0474
.0535
.0510
.0561
.0572
.0535
Shipments, Gold Coast and Nigeria
long tons.. 14,631
3,441
15, 803
9,850
10, 798
10, 568
Coffee:
Clearances from Brazil, total
thous. of bags..
1,390
1,077
903
787
1,467
1,449
To United States
thous. of bags..
649
687
546
512
783
418
Imports into United States#
thous. of bags_.
991
790
758
736
788
919
Price, Rio No. 7, N. Y
dol. per Ib..
.071
.102
.097
.103
.095
.095
Receipts at ports, Brazil... thous. of bags..
1,509
780
901
1,245
919
1,047
Stocks, world total, incl. interior of Brazil
thous of bags..
29, 309
27, 141
2 22, 266
(])
0)
0)
Visible supply, total excl. interior of
Brazil
thous. of bags..
7,374
8, 564
8, 526
8,496
8,499
8,302
United States
thous. of bags..
655
932
886
916
955
818
* Government slaughter not included, see p. 44.
° Revised.
# See footnote on p. 37 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
1 Data not available.
2
Total incomplete.
t For revisions of beef and veal exports for 1932, see p. 40 of the June 1933 issue.
* New series. See p. 18 of January 1934 issue.
• Includes animals purchased for Federal Relief Corporation for period July 1934-February 1935.




522, 298
1,638

464, 739
1, 961

.133

.123

.126

.157

.175

.184

.192

535, 042 481, 645

429, 835

449, 865

345, 112

374, 848

374,311

422, 822
1, 371

466, 814
1, 342

365, 414
1, 164

108, 399

127, 953

140, 940

127,097

110,777

98, 550

» 77, 559

3,000
1,711

2, 163
1,356

1,797
1,221

1, 889
1,226

1,381
859

1, 470
915

1,630
1,025

1,257
477

835
317

565
165

649
199

509
192

537
192

587
219

8.71

8.46

9.17

10. 88

11. 98

12. 33

12.55

2,807
2, 032

3,218
2,338

3, 140
2, 189

2, 422
1, 651

1 823
1,223

1, 622
1,126

1,650
1,138

771
66
5.95

881
52
5.95

953
42
6.51

764
30
7.99

601
2G
8.49

598
32
9.29

506
28
8.96

568, 257
35, 737
26, 870

570, 492
34, 023
19, 739

486, 499
25, 670
16, 170

482, 726
27,419
17. 067

365, 749
24, 165
15, 890

377, 014
19, 304
10, 035

415,462
14, 787
7, 193

.176

. 164

.161

. 165

.176

°. 185

°. 195

.101
. 108

. 112
.116

.122
.131

.136
.144

.143
. 145

.144
. 148

.138
.143

561, 807
88, 548

669, 797
108, 746

641,917
109, 999

484, 691
78, 393

385, 906
61, 221

351. 302
55, 640

363, 631
57, 704

610, 256
504, 737
105, 519

675, 740
571,913
103, 827

805, 670
687, 563
118, 107

780, 481
667, 984
112,497

776, 795
666, 598
110, 197

732, 280
627, 346
104, 934

63, 765

50, 806

50, 678

45, 856

56, 365

64, 478

52, 451

50, 625

52, 990

45, 600

56, 179

3,074

4,687

4,560

3,819

3,506

3,218

4,056
2,126

1,833
1,017

1,542
902

1,749
1,022

1,522
850

1,803
1,011

2,106
1,223

1,943
908

819
283

644
133

720
151

666
134

784
137

886
88

2.00
5.56

2.00
o.61

2.63
5.98

3.91
6. 53

4.09
6.47

4.13
6.63

4.00
6.58

655

588

642

750

858

1,488

4, 633
88, 715

2, 380
76, 073

648
64, 879

39
52, 726

34
39, 413

1,508
39, 516

6

a
0
a

666, 105
564, 881
101, 224
61,319
61, 089
0

3, 031

1,866
0

a

3,901
59, 313

31, 383

59, 223

23, 641

16, 501

13, 542

14, 178

105, 565

132, 001

122, 285

106, 776

83, 713

"61,815

17, 154
.0485

16, 713
.0487

10, 933
.0504

23, 378
.0527

46, 706
.0525

44, 285
.0500

17,051
.0491

11,822

32, 462

45, 259

59, 032

52, 091

30, 175

22, 657

1,308
815

978
514

1,076
572

1,096
609

1,118
724

1,006
610

1,138
612

1,018
.094
1,154
2

64, 370

73, 401

1,021
.093
1,113

762
.093
1,105

1,059
.094
1,093

1,199
.085
1,029

1,201
.076
1, 514

1,061
.071
1,344

26, 168

25, 904

25, 633

0)

(0

6,642
716

6,537
705

6,477
878

6.915
769

7,153
715

21, 133

7,064
866

(0

6,820
820

SURVEY OF CURRENT BUSINESS

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

1935

1934

1935
May

45

May

June

July

August

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

FOODSTUFFS AND TOBACCO—Continued
TROPICAL PRODUCTS— Continued
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons..
United States:
Meltings, 8 ports!
long tons..
Price, wholesale,. 96° centrifugal, New
York.—
dol. per lb_.
Receipts:
From Hawaii and Puerto Rico
long tons..
Importsf #
-. -long tons..
Stocks at refineries, end of mo.t
long tons..
Refined sugar:
Exports, including maplef — long tons..
Price, retail, gran., N. Y
dol. per lb_.
Price, wholesale, gran., N. Y.dol. per lb._
Receipts:
From Hawaii and Puerto Rico*
long tons..
Imports:
Cuba* *
long tons..
Philippine Islands*
long tons _
Shipments, 2 portsf
long tons..
Stocks, end of month, 2 portst.long tons..
Tea:
Imports#
_thous. of lb_.
Price, wholesale, Formosa, fine. N. Y.
dol. per lb_.

2,230

2,475

2,364

2,212

2,041

436, 500

344, 352

350, 731

300, 448

307, 685

350, 048

.033

.028

.029

.032

.033

125, 811
225, 913

146, 258
250, 111

149, 087
197, 640

188, 196
53, 117

509, 028

561, 680

537, 831

3,187
.053
.052

5,622
.051
.041

4,649
.052
.045

15, 028

14, 180

12, 366

11,039

536

3,089

0

670

24, 586
5,875
56, 190
13, 857

16, 473
21 512
50, 901
10, 756

21, 226
3 323
40, 450
12, 122

18, 317

15, 439

49, 973
8, 565

o

134 194

44, 971
4,415

55, 477
10, 565

64, 724
2 619
42, 481

15,854

4,911
2 435
36. 981
23, 429

37, 414
25, 969

5,999

4,389

5,419

6,471

9,193

7 426

7 942

7, 668

.275

.199

.215

.215

.215

.215

.215

.215

19, 637

16, 884

12, 945

10, 010

16, 433

24, 420

25, 106

41, 588

34, 848
203, 316

30, 699
263, 883

33, 392
496, 061

37, 791
832, 225

33, 240
941, 121

21, 691

20, 553

34, 674

50, 777

62, 601

17, 386
4,044

31 380
4,548

29 563
6,139

19 013
5,209

1,789

2,317

2,465

356, 818

300, 884

327, 724

340, 929

.029

.028

.029

.030

.033

65, 794
165, 562

58, 463
260, 715

100, 368
484, 448

151, 033
139, 153

181, 898
205, 251

168, 519
242, 346

363, 952

456, 679

718, 953

483, 143

439, 952

508, 114

567, 039

20, 194
.055
.046

24, 453
.053
.045

21, 461
.052
.043

8,948

7,932

4,209

.052
.042

10, 307
.051
.042

.051
.043

.052
.049

2,528

6,972

18, 816

13, 158

12,806

6,343
53

53 280

18, 385

18

o

15, 263

729

45, 164
4,816

42, 309
18, 110

46, 577
15, 565

50, 515
16, 026

59,109
11,839

5,015

7 385

6,524

8,401

6,049

.215

.215

.275

.275

.275

24, 935

24, 596

20, 475

21, 238

21, 753

20,419

20, 288
889, 651

26, 966
367, 430

24, 350
362, 326

21,616
348, 805

27, 454
659, 355

37, 369
676, 996

44, 343
309, 459

73, 637

77, 151

77, 126

73, 850

64, 176

51, 574

35, 213

22, 068

25 605

53 097

47 534
4,521

31 711
4,418

24 629
4,501

31 897

17, 937

5,989

64 810
5,140

28 609

3,830

4,643

5,700

1,764

1,345

983

411, 507

278, 822

227, 522

.029

.029

.029

73, 180
91, 212

98, 415
683, 137

49, 393
241, 262

633, 593

626, 796

501, 240

6,376
.055
.047

9,494
.055
.047

13, 369
.055
.047

590

o

1,589

930

MISCELLANEOUS PRODUCTS
Candy sales by manufacturers -thous. of doL.
Fish:
Landings, fresh fish, principal ports
thous. of lb_.
Salmon, canned, shipments
cases..
Stocks, total, cold storage, 15th of month
thous. of lb__
TOBACCO
Leaf:
Exportsf
thous o f l b
Imports, unmanufactured^., thous. of lb._
Production, crop estimate. ..thous. of lb__
Stocks, total, including imported types
(quarterly)
. ._
mills, of lb__
Flue-cured, fire-cured, and air-cured
mills, of lb._
Cigar types
mills, of lb__
Manufactured products:
Consumption tax-paid withdrawals) :
Small cigarettes
millions
Large cigars
thousands-Manufactured tobacco and snuff
thous. oflb_.
Exports, cigarettes
thousands-Prices, wholesale:
Cigarettes
dol per 1,000
Cigars
_
dol. per 1,000..

e

3,608
1,095,662

2,214

2,202

«» 2, 224

2,347

1,736

1,749

« 1, 783
« 360

1,865

387

372

387

11,709
407, 731

11, 174
380, 450

12, 045
404, 456

11,355
378, 056

425, 453

10 294
394, 862

10 718
494, 456

9 727
466, 164

9 210
317, 563

11 337
327 578

9 306
320, 864

10, 200
351, 694

10, 697
373, 673

30, 603
382, 815

29, 056
336, 264

29, 420
252, 609

28, 691
225, 387

30, 948
310, 334

27, 234
260, 409

30, 506
280, 590

27, 759
282, 269

22, 709
288, 768

30, 120
332 412

26, 103
329, 290

27, 970
323, 732

27, 689
261, 677

5,380
46, 041

5 380
46. 839

5.380
46. 839

5.380
46. 839

5 380
46. 839

5 380
46. 839

5 380
46. 742

5 380
46. 697

5 380
46. 697

5 380
46. 697

5 380
48. 820

5 380
46. 820

5 380
46. 041

120

91

116

140

84

121

11,810

FUELS AND BYPRODUCTS
Anthracite:
COAL
156
Exports
thous. of lon^ tons
Prices:
Retail, composite, chestnut
dol. per short ton..
11.70
Wholesale, composite, chestnut?
dol. per short ton..
8.809
Production!
thous. of short tons._ P 4, 919
4,347
Shipmentsf
thous of short tons
Stocks in storage:*
Total
thous. of short tons..
705
Stocks, in yards of dealers, end of month
no. of days' supply-36
Bituminous:
Consumption:
Coke plants
thous. of short tons. . 4,134
Electric power plants!
2,582
thous. of short tons..
Railroads
thous of short tons
Vessels, bunker
thous. of long tons_.
132

125

89.

82

87

90

122

12.34

12.40

12.60

12.83

13.05

13.11

13.04

13.02

13.01

13.02

13.01

12.47

9.084
5,250
4,491

9.216
4,184
3,495

9.451
3, 443
2,974

9.598
3,584
3 110

9.760
3,977
3 401

9.815
4,729
4 027

9.833
4,181
3 601

9.847
4,705
4 214

11. 033
5,691
5 071

9.841
4,505
3 946

9.716
3,082
2 555

9.132
4,806
4 168

1,165

1,541

1,769

2,197

2,506

2,673

2,540

1,921

1,415

921

774

456

59

61

65

79

80

54

60

36

24

23

24

27

a 4, 777

4,459

3,529

3,376

3,241

3,481

3,438

3 637

4 199

4,178

4 381

3,969

2,653
4,804
122

2,807
4 553
107

2,945
4 543
101

3,007
4 735
119

2,742
4 801
98

2,915
5 089
109

2,698
4 855
120

a 2, 643
a 2, 537
3,011
2,870
2, 677
5 389
4 822
5 248
5 094
5 550
82
79
' 99
89
95
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933—data revised for 1933.
See p. 20 of the September 1934 issue; 1932 final revision of anthracite production, p. 42, January 1934. Anthracite shipments for 1932, p. 42, December 1933; consumption of
bituminous coal by electric power plants for 1932, p. 42, May 1933; for 1933, p. 42, May 1934. Data also revised for 1934. Revisions not shown on p. 43 of the June 1935 issue
will appear in a subsequent issue.
# See footnote on p. 37 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
• Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports. The original figure for the end of August 1934
was 2,023,120 tons; revised for the month was, as shown, 2,197.411 tons.
° Revised.
t Price converted to short-ton basis. Data on a short-ton basis prior to April 1931 were not published. Earlier monthly data were reported on a long ton basis.
v Preliminary.
• December 1 estimate.
A- Note major correction in data on imports of refined sugar from Cuba June-November 1934 were shown in the February 1935 issue.
t For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports and exports, see p. 41 of the June 1933 issue.
For revisions of exports in 1933, see p. 20 of the September 1934 issue. Revised data on shipments and stocks of refined sugar at 2 ports (for period January 1925-April 1935)
will be shown in a subsequent issue. Change resulted from a reduction in the number of reporting refineries.
* New series. For earlier data, see p. 20 of the August 1934
 of refined sugar from the Philippine Islands are issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May
1934 on imports
not available.



SURVEY OF CURRENT BUSINESS

46
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
May

May

June

July

Julv 1935
1935

August t^ October Novem- Decem- January Februber
ber
ary

March

April

FUELS AND BYPRODUCTS—Continued
COAL— Continued
Bituminous — Continued.
772
1,074
1,108
1,059
1,036
949
991
1,033
366
351
882
Exports_______________thous. of long tons..
537
356
Price, retail composite, 38 cities
dol. per short ton..
8.11
8.13
8.23
8.30
8.31
8.35
8.18
8.35
8.36
8.37
8.24
8.39
Prices, wholesale:
4. 217
4. 179
4. 200
4. 185
4. 199
4. 192
Composite, mine run-dol. per short ton..
4.190
4.190
4.180
4.180
4.180
4.190
4.180
Prepared sizes (composite)
4.277
4.217
dol. per short tons..
4.236
4.343
4.393
4.449
4.449
4.460
4.459
4.462
4.435
4.314
4.446
27,452 27,772 32,807 30, 856 32,331 36, 681 34,781 38, 655 » 21,920
Production!__________thous. of short tons.. 26, 790 27,385 25,877 24,869
Stocks, consumers, end of month
thous. of short tons.. 35,552 28,490 29,493 30,387 31,441 33,077 35, 810 36, 356
34,476 32, 045 32,197 38,543 " 36, 249
COKE
52
50
92 |
66
105
114
32
127 I
83
42
Exports_________________thous. of long tons..
25
18
23
i
Price, furnace, Connellsville
dol. per short ton..
3.60
3.64
3.73
3.73 I
3.73
3. 73
3.73
3.73
3.73
3.73
3.73
3.60
3.70
Production:
a
* 57
"52
" 66
63
« 45
"78 |
« 57
« 87
Beehivet ..... _______ thous. of short tons..
101
2,793 "3,189 "2,987 "2,380 * 2, 278 "2,171 •2,312 » 2, 262 « 2, 414
2,802
Byproduct!- ......... thous. of short tons..
2,78i
2,670
2,911
132
74
104
101
96
129
110
Petroleum......._____thous. of short tons. .
113
97
116
110
120
119
Stocks, end of month:
2,791
2,312
2,648
Byproduct plants ...thous. of short tons..
1,948
3,081 i 3,418
2,047
2,846
3,418
3,129
2,860
2,961
3,019
416
Petroleum, refinery. -thous. of short tons..
515
504
494
478
464
459
484
405
375
353
397
367
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills) -thous. of bbL- 80,412 76,258 76,054 80,065
79,928 73, 611 75,991 73,784
76,593 75, 456 70,817 76, 630
75,066
3,160
3,442
2,621
2,561
2,395
3,448
3,947
Imports;? ________________ thous. of bbl._
2,794
1,699
3,270
1,753
2,651
3,227
.940
.940
.940
.940
Price, Kansas-Oklahoma_____dol. per bbl.940
.940
.940
.940
.940
.940
.940
.940
.940
76, 776
75, 810
72,463 75, 010 78,715 72,763 81,488
Productionf§_______________thous. of bbL- 82,454 79,870 80,040 81,548 79,058
78,427
70
72
72
67
70
73
Refinery operations______pet. of capacity. .
69
70
72
68
Stocks, end of month:
California:
Heavy crude and fuel oil§
thous. of bbL- 58,928 76,604 74,815 73,834 71,207 69,490
67,133 ; 63,891 61,861
60, 879 60, 689 59,714
58, 818
Light crude§____________thous. of bbl.. 33,233 35,467 35,507 35,881 36,279 36, 672 37,209 1 37, 290 37, 529 37,823 37,447 36,872
35,377
East of California, total! §_thous. of bbL. 298,240 313,840 315,263 312,938 308,138 305, 740 302,636 i 297,068 292,810 293,226 292,776 295,351 297,380
59,909
55,432 56, 245
56,339 | 55, 253
57,069 56,738 55,959
Refineriesf§_____________thous. of bbl
55,019
55,892 56, 316 57,651
59, 343
Tank farms and pipe linest§
thous. of bbl_. 238,331 256,771 258,525 256,979 252,706 249,495 246,297 | 241,815 237,791 237,334 236,460 237, 700 238,037
1,467
1,182
1, 112
1,234 I 1,032
1,216
1,126
1,047
1,050
1,004
1,103
Wells completed f§~- .......... ..number..
1,248
1,209
Refined products:
Gas and fuel oils:
Consumption:
851
Electric power plan tsf- -thous. of bbL.
813
890
926
926
859
866
800
894
796
°814
773
3,242
3,174
3,494
3,216
3,234
3,282
Railroads ________ ..... thous. ofbbl
3,215
3,353
3,437
3,108
3,441
3,365
2,652
2,412
Vessels, bunker_________thous. of bbL. 2,621
2,354
2,633
2,434
2,530
2,350
2,250
2,477
2,148
2,698
2, 402
Price, fuel oil, Oklahoma, 24-26 refineries
.769
dol. per bbL.725
.750
.725
. 725
.725
.750
.750
.750
.750
.750
.750 !
.750
I
Production:
20, 297 20, 136 20, 824 20,139 ! 19,447 20, 070 19, 913 21, 066 20, 335 19, 178 20, 453
Residual fuel oil*t§_____thous. ofbbl- 21, 311
19,328
Gas oil and distillate fuels* f§
8,198
thous. of bbL7,904
7,761
8,042
8,723
8,044
7,651
8,298
8,136
7,696
7,147
8,678
7,183
Stocks:
Residual fuel oil, east of California* t§
thous. of bbL- 23,884 16,501
19,249 21,659
24,645
26, 768
27, 379 28, 081 26, 579 25, 274 24, 136 23, 614
22, 677
Gas oil and distillate fuels, total* §
thous. of bbL. 17,365
13,174 16,313
19,603 22,927
24, 295
24, 848 24, 449 21, 957 18, 021 16, 260 16, 052
16, 232
Gasoline:
38,141 36,296 37,395 38,941 34, 934
37, 535 34, 961 30, 486 28,062 26, 432 31,997
Consumptiont§ .......... ..thous. of bb. 39,089
36, 076
1,848
1,643
1,780
1,495
1,766
1,823
Exports* ......... ________ thous. ofbbL.
1,833
1,677
1,429
1,845
1,092
2,081
1, 330
Exports, vlatie. (See Foreign Trade.)
Price, wholesale:
.162
Drums, delivered, N. Y-dol. per gal..
.155
.150
.155
.155
.155
.155
.165
.136
.161
.128
.120
. 138
.045
Refinery, Oklahoma______dol. per gal. . .053
.046
.043
.048
.046
.047
.046
.046
.045
.044
.046
.051
Price, retail, service station, 50 cities
dol. per gal
.140
.119
.139
.141
.139
.136
.124
Production:
3,085
2,960
2,907
3,031
2,838
3,046
3,238
3,212
At natural gas plan tsf§- thous. of bbL.
3,286
3,236
2,952
3,223
3,05$
7,583 35,194 34,850 37,078 37,296
34,488
36, 282 35, 591 35,997 35, 330 32, 702 35,314
At refineriest§__________thous. ofbbl..
34,728
Retail distribution (41 States)!
1,062
1,090
mills, of gal
1,094
1,123
1,074
1,022
1,067
931
848
970
1,043
Stocks, end of month:
2,579
1,590
At natural gas plants§. .thous. of bbl1,517
1,646
1,589
1,083
1,346
1,461
889
"1,336
1,472
1,778
2,050
34, 725 36, 507 33, 885 33, 190 30, 421 28,949 26,340 25,201 28,311 33, 224 38, 548 40, 220
At refineriest§ — ....... thous. of bbl
37,867
Kerosene:
3,545
2,804
3,222
2,372
2,815
3,571
3,956
4,451
4,299
4,761
4,597
Consumptionf§___________thous. of bbL
3,751
496
962
751
957
648
Exports..........._______thous. ofbbl.
976
789
625
797
441
538
Price, 150° water white, refinery, Pa.
.050
do], per gal_
.047
.048
.046
.046
.047
.049
.048
.047
.046
.049
.050
.050
4,474
4,548
4,320
4,262
4,206
4,376
4,889
Production§ _____ ..... ____ thous. of bbL
4,786
5,011
4,777
4,791
5,215
4,325
7,295
7,062
5,470
Stocks, end of month §____thous. of bbL
6,335
7,651
7,539
7,497
7,199
6,398
6,388
6,119
6,834
6,886
Lubricating oil:
1,919
1,941
1,491
1,569
1,498
Consumption! §___________thous. of bbL
1,387
1,677
1,394
1,495
1,557
1,297
1,617
1,802
Price, cylinder oil, refinery, Pa.
.113
.219
.208
.183
dol.pergaL
.148
.160
.134
.146
.110
.126
.113
.110
.110
2,392
2,152
2,577
2,211
2,209
Production§ . . ....... .. -thous. of bbL
2,090
2,106
2,175
2,346
2,145
2,028
2,251
2,309
Stocks, refinery, end of month §
6,897
6,773
6,752| 6, 782 | 6,841
thous. ofbbl,
6,939
6,869
7,100
7,331
7,416
7,277
7,026« Revised.
f Preliminary.
! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Bituminous coal production, p. 42, January 1934. Bituminous coal production revised for 1933 and 1934. Revisions not shown in the May 1935 issue will appear in a subsequent issue. Beehive and byproducts coke for 1932, p. 43 of December
1933 issue, and for 1933 revisions see p. 43, July 1934. Data for 1934 also revised revisions not shown above will appear in a subsequent issue. Crude petroleum production,
stocks, east of California (total), at refineries and at tank farms and pipelines, and wells completed, for 1932. See footnote on p. 56, November 1933. Consumption of gas
and fuel oils in electric power plants for 1932, p. 43, May 1933; for 1933 revisions, p. 43, May 1934. Data also revised for 1934. Revisions for months not shown for 1934
on p. 44 of the June 1935 issue will appear in a subsequent issue. Production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel oil east of
California, consumption of gasoline, production of gasoline at natural-gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating
oil, p. 56, November 1933; retail distribution of gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934.
# See footnote on p. 37 of this issue. Imports also revised for 1933. See p. 20 of the October 1934 issue.
§ Data revised for 1933. See p. 20 of the January 1935 issue.
• Data revised for 1933. See p. 20 of the September 1934 issue.
o New basis due to reclassification of motor-iuel stocks.
 * New series. For earlier data see p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas oil and distillate fuels.



SURVEY OF CURRENT BUSINESS

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

47

1934

1935

May

May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ary
ber
ber

March

April

FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTSContinued
Refined products— Continued
Other products:
Asphalt:
0
Imports#
thous. of short tons
308
Productionf§
thous. of short tons..
Stocks, refinery, end of month
424
thous. of short tons..
Coke. (See Coke.)
Wax:
Production
thous. of lb_. 41, 160
Stocks, refinery, end of mo.§_thous. of lb. 145, 982

1
250

3
278

3
318

1
320

1
263

0
267

1
215

0
153

3
147

9
132

8
182

I1
251

382

358

359

339

315

292

307

338

366

378

409

411

41, 720
101, 551

40, 320
108, 087

34, 160
115, 137

33, 880
119, 702

33, 880
118, 991

39, 480
123, 099

39, 480
130, 222

37, 520
136, 136

36, 960
141, 252

35, 280
145, 744

37, 240
141, 809

43,120
144, 153

LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skinst#-thous. of lb__
Calf and kip skins
thous. of lb_.
Cattle hides
thous. of lb__
Goatskinst
thous. of lb__
Sheep and Jamb skins
thous. of lb__
Livestock, inspected slaughter:
CalvesA__ .
..
thous. of animals
CattleA
thous. of animals..
Hogs
thous. of animals..
SheeDA
. thous. of animals. _
Prices, wholesale:
Packers, heavy native steers, Chicago
dol. per lb__
Calfskins, no. 1 country, Chicago
dol. per lb_.
LEATHER
Exports:
Sole leather
thous. of lb__
Upper leatherf*
thous. of sq. ft..
Production:
Calf and kip*
thous. of skin?..
Cattle hides*t
thous. of hides..
Goat and kid*t_ .
thous. of skins..
Sheep and lamb*fj
thous. of skins..
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb_.
Upper, composite, chrome, calf, black,
"B" grade
dol. per sq. ft..
Stocks of cattle hides and leathers (all kinds)
end of month:
Total*
thous. of equiv. hides
In process and finished*
thous. of equiv. hides .
Raw*
thous. of equiv. hides.-

27, 003
1,810
12, 275
6,056
4,643

21, 235
2,259
5,184
7,217
4,247

22, 181
1,914
9, 577
5, 818
3,006

19, 907
1,900
8,268
5,607
2,930

12, 958
808
4,571
4, 355
2,512

10, 879
806
2,408
3,906
2,409

10, 018
919
2,148
3,202
2,658

11, 095
658
3,763
3,219
2,554

12, 635
1,092
5,342
2,856
2,397

16, 879
1,289
5,610
5, 752
2,549

18, 568
1,306
7,402
5,870
2,351

24, 705
1,429
11,801
6,480
3,440

24, 736
1, 140
12,815
6, 132
3,160

508
735
2,172
1, 584

600
864
4, 218
1,244

602
935
3,763
1,259

774
1,199
3,323
1,294

990
1,612
2,641
1,527

843
1,804
2,601
1,743

660
1,417
3,546
2,627

522
1,284
4, 023
1,447

494
1,076
4,196
1,298

512
978
3,047
1,345

391
663
2,409
1,137

473
691
2, 158
1,374

511
683
2,177
1,483

.123

.104

.098

.098

.088

.099

.096

.099

.110

.120

.111

.104

.113

.153

.116

.106

.093

.076

.093

.092

.110

.114

.122

.113

.112

.118

448
6,035

186
4,336

294
4,918

205
3,850

753
5,043

425
5,354

363
6,684

451
6,030

233
5,677

281
5,428

184
7,307

187
7,094

21?
6, 040

1,032
1, 700
3,940
3,180

1,086
1,634
3,496
2,641

1,152
1,512
3,638
2,452

1,177
1,678
3,707
2,334

970
1,474
3,290
2,222

1,161
1,678
3,637
3,062

1,015
1,684
3 329
2,871

1,079
1,683
3,274
2,707

1,119
1,877
3,593
3,008

1,023
1,742
3,652
3,108

1,095
« 1, 799
4,038
3,024

1,088
1,812
4,184
3,174

.37

.30

.29

.29

.27

.27

27

.27

.28

.30

.30

.30

.32

.342

.337

.333

.320

.300

.297

.296

.298

.307

.319

.320

.320

.320

0

14, 373 « 14, 446 * 14 861

a

15 261 « 16 121

a

0

17 421

0

a

0

0

10, 291
« 4, 155

18 152

18 183

10, 321
« 4, 540

10, 120
°5, 141

10, 037
« 6, 084

10, 253
° 6, 584

10, 507
"6,914

10, 830 » 11, 271 « 11, 394
o 7, 075 « 7, 017 « 6, 842

•11, 149
« 6, 733

11,465
6,718

187, 068
119, 189
67 879

10, 360
«4,013

226, 267
146, 879
79, 388

192 446
121, 183
71 263

209 337
134, 592
74 745

196 371
131, 082
65 289

141 377
86, 735
54 642

141, 124
74, 649
66 475

177, 442
100, 424
77, 018

194 886
114, 880
80 006

187 746
103, 353
84 393

88

88

73

72

77

49

40

55

92

82

16 837

17 905

!8 288

18 236

LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total* . dozen pairs
Dress and semidress*
dozen pairsWork* _ __ _
dozen pairs
Shoes:
79
Exports
thous. of pairs
Prices, wholesale:
Men's black calf blucher,
Boston
dol. per pair..
5.50
Men's black calf oxford, lace,
St. Louis
dol. per pair..
4.15
Women's colored calf, Goodyear welt,
oxford, average
dol. per pair..
4.00
Production, totalf
thous. of pairs
30, 030
7,983
Men'sf
thous. of pairs..
1,504
Boys' and youths'!
thous. of pairs..
Women'sf
thous of pairs ' 10, 551
3,177
Missses' and children'sf.thous. of pairs. _
2,668
Slippers, all typesf
.thous. of pairs..
All other footwearf
thous. of pairs. . 4,148
0

75

90

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.00
34 060
8,219
1,540
12 870
3,185
4,072
4,173

4.00
28, 544
7,587
1, 479
9 553
2,757
3,899
3,268

4.00
28 394
6,734
1,452
11 844
2,647
3,333
2,383

4.00
35 624
8,616
1,757
15 025
3,157
4,240
2,828

4.00
28 184
6,969
1,321
10 564
2,630
4,279
2,421

4.00
28 709
7,634
1,512
8 804
2,771
5,212
2,775

4.00
23 852
6,939
1,252
6 147
2,293
4,827
2,394

4.00
23 200
6,563
1,194
7 746
2,401
2,892
2,404

4.00
29 007
7,677
1,381
11 897
3,078
1,734
3,239

4.00
30 107
7,567
1,273
12 631
3,136
2,106
3,393

4.00
33 584
8,136
1,384
13 927
3,301
2,559
4,279

4.00
°33 828
°8,050
a
1,370
0
13 563
« 3, 610
« 2, 618
« 4, 617

Revised.
J Data on production of sheep and lamb and goat and kid leathers from 1927-34 have been revised. For revisions not shown on p. 44 of the April 1935 issue see p. 19
of the June 1935 issue.
A Government relief slaughter included for the period June 1934-February 1935. See p. 44 of the June 1934 issue for the figures, excluding relief slaughter. For sheep
and lambs, relief slaughter only affected the data for the months of September to December 1934.
§ Data revised for 1933. See p. 20 of the January 1935 issue.
# See footnote on p. 37 of this issue. Imports revised for 1933, see p. 20 of the October 1934 issue.
* New series: For earlier data refer to the indicated pages of the monthly issues. Leather production, p. 19, June 1933; leather stocks, p. 19, January 1935. New series
on gloves and mittens cover 234 identical manufactures as reported to the U. S. Department of Commerce, Bureau of the Census. Data prior to July 1934 are not available. These data are not comparable with data through January 1934 previously shown.
t Revised series. For earlier data refer to the indicated pages of the monthly issues, Production of cattle, sheep, and lamb leather, p. 44, April 1934; imports of totaL
hides and skins, exports of upper leather, p. 43, June 1933; boot and shoe production for 1934, p. 45, March 1935. Production of asphalt for 1932, p. 56, November 1933.
• Data revised for 1933. See p. 20 of the September 1934 issue.




48

SURVEY OF CURRENT BUSINESS

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

1935
May

July 1935

1934
May

June

July

1 August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports (boards, planks, and scantlings)**
M ft. b. m
National Lumber Mfgrs. Assn:A
Production total*
mill, ft b. m
Hardwoods*
mill. ft. b. m_
Softwoods*
mill. ft. b. m__
Shipments total*
mill. ft. b. m
Hardwoods*
mill. ft. b. m..
Softwoods*
mill. ft. b. m_.
Stocks, gross, end of month total*
mill ft. b. m
Hardwoods*
mill. ft. b. m
Softwoods*
mill. ft. b. m
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
M ft. b. m._
Stocks, end of month
M ft. b. m._
Retail yards, Tenth Fed. Res. Dist.:
Sales
M ft. b. m._
Stocks, end of month
M ft. b. m._

67, 626

53, 879

62, 452

115, 145

92, 933

104, 126

93, 860

106, 766

91, 728

93, 762

101, 200

89, 276

1,591

995

60, 991

1 350

1 117

1,430

1 170

1 189

974

822

1,330
1,484

1,086
1, 145

1,233
1,553

1,012
1,305

1,033
1,275

118
704
978
143
836

1,066
219
847
1,191
228
963

1, 139
228
911
1,218
223
995

1,030

1 035

1,033
213
820
1,202
221
981

7,698
2,064
5,633

7,571

7,449

261
252

264

1,241

1,232

217
929

5,068

8 289
2, 155
6, 134

8 462
2 224

8,102
70, 059

a
7, 007
"69, 079

2,883
26, 788

2,268

2,083

27, 760

4,437
5,998
4,480

6,237

199
918

191
844

8 556
2 238
6,318

197

199

158

1,354

1,125

1,083

8 444

8 265

2,203
6,062

8 098
2 120

8 004

5,978

2,083
5,920

7,830
2,058
5,772

6,218

192

131
844
1,071

163
908

2,226

180

157

2,057
5,514

2,061

5,388

1,126

5,283

6 574
60, 754

9,251
61, 864

10, 290
57, 614

7,777

2,738

3,340

5,776

55, 191

4,019
53, 948

3,403

64, 388

58, 442

63, 831

66, 738

67, 415

1,290
13, 643

2,103
27, 259

2,278
26, 548

2,801
26, 221

2.499

27, 734

25, 929

1,626
25, 399

1,735
25, 584

1,689
25, 895

2,317
26, 082

2,517
26, 619

3,283

4,092
5,606

4,072

3,165

3,395

2,905

2,669

2,886

3,634

3,819

4,122
4,561

4,630

4,149

3,440

3,894
2,929

6,656
62, 665

8,657

Flooring
Maple, beech, and birch:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks end of month
Oak:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end" of month

M
M
M
M
M

ft. b.
ft. b.
ft. b.
ft. b.
ft. b.

m-_
m__
m..
m_.
m._

4,307
5,112
3,342
4,410
21,313

M
M
M
M
M

ft. b.
ft. b.
ft. b.
ft. b.
ft. b.

iii-m._
m__
m._
m_-

21,991
14, 422
15, 078
18, 306
50, 392

4,512
19, 526

8,646

11, 135

9,546

5,771
4,103
20 828

2,451
4 421
19 059

6,521

6 937

3,573

9,426

8,951

8,764

5,148

3,326
4,279

4,700
3,529
3,386

4,546
3,408

2,673
3,005

3,510

3,339
2,668

3,366
3,302

5,831

2,812
21, 508

5,151

5,195

22, 766

4,148
22, 301

15, 889
10, 237
10, 245
14, 606
57, 061

11,698

14, 438
53, 959

3,942

18, 741

19, 582

20 832

20, 286

21, 001

21, 059

8,061
8,241
8,115
9,041
64, 168

8,212

9,802
7,972
9,404

9, 182

8,262
6,425

9,533

9,939
6,406
8,777
8,676

63, 444

10, 095
62, 793

6,246
5,678
7,704
6,964

63, 077

63, 614

63, 302

7, 773
9,015
61, 442

105
229
101

94
223
105

101
229
98

109
227
90

124
261
86

173
287
146
161

158
262
150
161

158
264
150
173

1,842
1,578

8,242
8,579
9,003

12, 264

8,504

13, 947
10, 638

9,813
62, 635

63, 375

7 301
7,713
64, 251

161
269
146
173

113
241
116

94
232
146

98
228
116

94

101

113

109

146
269
131
131

1,823
1,554

1,861
1,621

1,914
1,682

1,940
1 712

1,959
1,730

1.961
1,737

1,947
1,719

1,927
1,700

1,932
1,671

1,914
1,645

1,905
1,618

1,860
1,598

52

44

41

39

36

37

36

38

49

59

58

54

48

406
352

392
344

7,965

Hardwoods
Hardwoods (Southern and Appalachian districts):
Total:
Orders:
New
- mill. ft. b. m__
Unfilled, end of month, .mill. ft. b. m__
Production
mill. ft. b. m._
Shipments
mill. ft. b. na__
Stocks, total, end of month
mill. ft. b. m..
Unsold stocks
..mill. ft. b. m__
Gum:
Orders, unfilled, end of month
mill. ft. b. m _ _
Stocks, total, end of month
mill. ft. b. m__
Unsold stocks
mill. ft. b. m__
Oak:
Orders, unfilled, end of month
mill. ft. b. m._
Stocks, total, end of month
mill. ft. b. m _ _
Unsold stocks
mill. ft. b. m

392
340

124

427
383

109

442
401

447
408

450
414

94

452
415

105

445
409

441
403

432
383

429
370

421
363

103

95

95

91

96

93

99

97

106

95

109

100

108

558
455

580
485

606
511

623
523

634
538

638
545

641
541

639
542

648
542

644
549

644
536

627
526

575
467

Softwoods
Fir, Douglas:
Exports: f
38, 663
43,911 40, 708
14, 701
60, 138
38, 954
39, 622
40, 728
1, 173
35, 959
Lumber*
M ft. n. m _ 14, 607
7, 190
45, 325
15, 623
18, 592
25, 338
14, 346
10, 422
34, 513
426
29, 363
26, 156
30, 327
Timber
M ft. b. m
3 252
19, 715
27, 565
Orders:
180, 850
139, 666
83, 710
New t
M ft. b. m
89, 530 143, 695 127, 132 125, 789 124, 446 128, 923 141, 904 140, 114 151, 753
158, 915
179, 059 153, 991 225, 167 131, 161 136, 980 140, 114 110, 121 145 038 136, 085 153, 096 158, 467
Unfilled end of month
M ft. b. m
Price, wholesale:
16.00
16.00
16.00
18.00
16.00
18.00
16.00
16.00
18.00
16.00
16.00
16.00
No. 1 common
dol. per M ft. b. m..
18.00
Flooring, 1 x 4 , "B" and better
34.00
34.00
34.00
30.00
34. 00
34.00
34.00
37.00
37.00
34.00
34.00
34.00
dol. per M ft. b. m__
37. 00
158, 467
132, 056
77, 443
69, 833 144, 143 140, 561 129, 370 122, 656 103, 407 110, 569 144, 143 145, 038
Production!
M ft. b. m__
170, 554
68, 042
106, 988
65, 804 162, 049 144, 590 113, 703 123, 998 113, 703 118, 627 149, 067 141, 009
Shipments^
M ft. b. m
Pine, northern:
5,532
5,818
6,912
4,510
8,794
6,754
6,970
5,341
6,503
5,044
5,530
4,198
4,718
Orders, new
M ft. b. m _ _
5,511
2,004
11, 134
8,664
1,529
8,933
3,266
1,014
8,738
11, 266
5,189
667
608
Production
M ft. b. m _ _
6,902
6,355
5,638
7,174
5,303
6,000
7,482
7,755
5,097
8,317
6,457
5, 526
4,237
Shioments
M ft. b. m..
« Revised.
* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. See special footnote below on lumber
production, shipments, and stocks.
f Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber.
• Data revised for 1933. See p. 20 of the September 1934 issue.
A New series on lumber production, shipments, and stocks compiled by National Lumber Manufacturers' Association and represent an estimate of the total lumber
cut based on monthly reports received from regional associations covering between 80 and 90 percent of the total cut in 1934 and 70 to 80 percent in 1935. The figures are
not final and are subject to revision. No comparable figures are available prior to January 1934. Data for months not shown are as follows: Total lumber production, January 1,219, February 11,263, March, 1,609, and April 1,505; total lumber hardwoods production, January 269, February 246, March 280, and April 274; total lumber softwoods production, January 950, February 1,017, March 1,328, and April 1,231. Shipments total lumber, January 1,085, February 1,194, March 1,527, and April 1,423;
shipments total hardwoods, January 224, February 214, March 256, and April 254; shipments total softwoods, January 862, February 980, March 1,271, and April 1,169.
Gross stocks total lumber, March 8,053 and April 8,157. Gross stocks total softwoods, March 8,053 and April 8,057. Gross stocks total hardwoods, March 5,902 and April
6,012. Gross stocks first reported in March 1934.
1 Data for June, August, and November 1934 and January 1935 are for 5 weeks; other months, 4 weeks.




SURVEY OF CURRENT BUSINESS

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

1935

1934

1935
May

49

May

June

August

July

Septem- October Novem- Decem- January
ber
ber
ber

Febru-

ary

March

April

LUMBER AND MANUFACTURES—Continued
LUMBER— Continued
Softwoods— C ontinued
Pine, southern:
Exports:
Lumber §
M
Timber§
M
Orders:
New
M
Unfilled, end of month
M
Price,
flooring
dol. per M
Production
_ M
Shipments
M
Redwood, California:^
Orders:
New
M
Unfilled..
M
Production
M
Shipments
-M

21, 169
6,367

23 113
8,885

26 604
6 506

26 502
9,557

26 698
7,754

22,129
10, 082

22, 884
9,474

23,386
6,471

24,851
7,450

23, 576
9,234

21, 576
8,652

21 311
4,937

19 715
8 243

ft. b. m
166, 280
ft. b. m__ 70, 774
ft. b. m._
35.38
ft. b. m
106, 838
143, 349
ft b m

121, 028
82, 514
37.86
117, 665
122 202

100 863
76, 325
38.02
107, 606
115 461

90, 796
77, 599
36.55
99, 222
96 295

113, 561
64, 366
34.77
98, 961
113 913

99, 840
58, 987
34.97
97, 928
103, 908

113,800
62, 827
34.99
102, 324
114, 402

101, 585
59, 678
35.03
96, 490
108, 715

72, 842
49, 164
35.00
79, 258
74 603

106, 173
48, 530
34.49
99, 548
102, 401

102, 395
55, 707
34.51
101, 578
100, 752

110, 449
55, 898
34.55
103, 471
110 283

117 256
62, 968
34.94
106 911
112 480

38, 045
41, 035
26, 326
30, 353

23,300
33, 740
26, 199
20, 147

17, 958
32, 769
25 880
19, 402

15, 834
29,534
20, 647
18, 156

19, 704
24, 946
25, 930
25, 444

21, 168
21, 930
25, 449
23, 991

22,811
16, 873
28, 215
25,204

20,424
16,868
26, 345
19, 755

15, 932
14,604
21, 242
17, 934

27,009
24, 621
19, 868
16, 549

24, 380
29, 767
22, 915
18,311

26 578
27, 717
22 697
28, 328

35 521
33, 414
25 342
29 269

41.0

30.0

32.0

35.0

39.0

42.0

41.0

42.0

39.0

39.0

43.0

47.0

41.0

7.0
10

8.0
7

7.0
7

5.0
9

5.0
8

5.0
9

6.5
10

6.0
10

13.5
5

3.0
16

4.5
9

6.0
9

8. Q
7

ft b m
ft. b. m

ft.
ft.
ft.
ft.

b. m
b. m__
b. m
b. m__

FURNITURE
Household:
All districts:
Plant operations*
percent of normal..
Grand Rapids district:
Orders:
Canceled
percent of new orders..
New
_ no. of days' production
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
no. of days' sales. _
Plant operations!
percent of normal..
Shipments
no. of days' production..
Southeastern district:
Orders, unfilled, end of month
dol., average per firm.
Shipments
dol., average per firm..
Prices, wholesale:
Beds
1926=100
Dining-room chairs, set of 6.. .1926 =100..
Kitchen cabinets
1926=100
Li vi ng-room davenports
1926 = 100. .
Steel furniture. (See Iron and Steel Section.)

10

7

7

9

9

9

8

9

5

13

13

11

8

14
34,0
7

16
27.0
6

15
19.0
5

15
22.0
7

16
24.0
8

17
25.0
8

18
25.0
10

16
34.0
8

15
32.0
7

16
31.0
7

17
34.0
8

17
39.0
9

17
36.0
8

18, 934
44, 612

26, 360
30, 821

40,317
46, 943

34, 759
63, 349

32, 674
60,211

24, 284
64, 616

19, 071
46, 721

22, 070
31,311

73 2
90.1
87 5
79.4

71 5
90.1
87 5
79.4

71 5
90.1
87 5
79.4

71 5
90.1
87 5
79.4

71.5
90.1
87 5
79.4

71.5
90.1
87 5
79.4

70 9
90.1
87 5
76.6

68 4
90.1
84 1
76.6

68 4
90.1
87 5
76.6

68 5
89.9
81 9
76.6

68 5
89.9
86 0
76.6

68 589.9
86 0
76.6

68.5
89.9
86.0
76.6

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports§.
long tons. _ 286, 599
Imports*#. .
long tons
47, 719
Price, iron and steel, composite*
dol. per long ton__
32.35
Ore
Iron ore:
Consumption by furnaces
2,467
thous. of long tons_108
Imports#
thous of long tons
Receipts:
Lake Erie ports and furnaces
thous. of long tons..
2,208
Other ports
thous of long tons
1 020
Shipments from upper Lake ports
thous. of long tons..
3,504
Stocks, total, end of month
thous. of long tons_. 25, 325
At furnaces thous. of long tons
21, 203
4,122
Lake Erie docks
thous. of long tons-.
Manganeseore, imports (manganese content)*
12
thous. of long tons..

241, 753
29, 465

219, 406
24, 858

233, 186
17, 676

242, 947
32, 418

301, 330
23, 847

220, 209
20 202

299, 263
35 272

282, 655
19 708

262, 740
22 784

228, 537
28 905

323 035
21 409

205 336
28 786

32.97

32.96

32.32

32.24

32.15

32.10

32.15

32.39

32.58

32.54

32.36

32.29

2,958
202

2,721
188

1,600
196

1,444
154

1,236
77

1,306
99

1,298
79

1,506
73

2,280
86

2,467
95

2,583
95

-2, 360
113

1,468
683

3,118
1 151

3,362
1 090

3,092
1 147

2,343
1 025

1,761
960

421
257

o

0

o

0

0

0
o

119
180

o

2,631

4,461

4,432

4,162

3,439

2,641

484

0

0

0

0

400

°25, 557
°21 177
4,380

27, 043
22 700
4,343

29, 961
25 461
4,500

32, 713
27 858
4,856

34, 914
29 713
5,201

36, 341
31 056
5,285

35, 874
30 625
5,249

34, 373
29 218
5,155

32, 027
27 004
5,023

29, 558
24 690
4,868

26, 932
22 362
4,569

24, 817
20 644
4,173

49

48

30

21

5

13

11

7

13

14

13

10

31, 136
34 729
41. 1
37, 573

32, 639
37 165
42.7
39, 493

24, 499
28 340
33.4
31, 607

21, 862
23 388
27.6
27, 591

21, 306
23 910
27.8
25, 784

19 511
21 541
25.6
20, 360

18 785
25 317
30 3
21, 683

28 530
28 515
33 5
21,615

36 505
32 746
38 7
29, 593

44 568
43 400
50 8
41, 182

41 225
41 377
49 9
37, 650

40 237
42 808
52 0
42, 975

37 394
42 035
51 1
46, 090

54, 465
97

67, 300
117

48, 190
89

35 585
75

31,295
62

28 215
62

31 310
65

29 395
59

37 615
69

54 605
90

56 695
96

57 295
98

53 555
97

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

20.39
1.727

20.39
2.043

20.39
1.930

20.39
1.225

20.39
1.054

20.39
898

20.39
951

20.39
957

20.39
1.028

20.39
1.477

20.39
1.609

20.39
1.770

20.39
1 fifiS

Iron, Crude and Semimanufactured
Castings, malleable:*
Orders, new
. „ short tons
Production
short tons
Percent of capacity
Shipments
short tons..
Pig iron:
Furnaces in blast, end of month:
Capacitv
long tons per day
Number
Prices, wholesale:
Basic (valley furnace) -dol. per long ton__
Composite pig iron
dol. per long ton..
Foundry, no. 2, northern (Pitts.)
dol. per long ton..
Production
thous. of lone tons..

* New series. Data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for malleable castings, p. 20 of the April 1933 issue. New series on iron and steel composite price was shown on p. 19 of the January 1935 issue.
§ Data revised for 1932. For revisions, see p. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 1933;
see p. 20 of the September 1934 issue.
t Revised. Data prior to April 1933 not published.
t Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included.
• Imports from Cuba not included.
# See footnote on p. 37 of this issue. Data revised for 1933; see p. 20 of the October ?934 issue.




SUEVEY OF CURRENT BUSINESS

50
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935
May

July 1935

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range :f
Orders:
New
number of boilers. _
Unfilled, end of month, total
number of boilers. .
Delivery, 30 days or less
number of boilers..
Delivery, more than 30 days
number of boilers. .
Production
number of boilers ._
Shipments
number of boilers..
Stocks, end of month-number of boilers. .
Boilers, round:
Production
thous. oflb._
Shipments
thous. of lb._
Stocks, end of month
thous. of lb._
Boilers, square:
Production
thous. of lb._
Shipments
thous. of lb._
Stocks, end of month
thous. of lb__
Boiler fittings, cast iron:
Production
short tons..
Shipments
short tons_.
Boiler fittings, malleable:
Production
short tons _
Shipments
short tons
Radiators:
Production
thous. of sq. ft. heating surface. .
Shipments
thous. of sq. ft. heating surface-Stocks, end of month
thous. of sq. ft. heating surface-Radiators, convection type:*
New orders:
Heating elements only, without cabinets or grilles
thou. of sq. ft. heating surface t-Heating elements, including cabinets
and grilles
thou. of sq. ft. heating surface t--

80, 645

35, 683

34, 627

33, 576

36, 006

51, 734

64,211

57, 566

44, 906

68, 106

53, 897

46, 320

32,319

11,338

11,818

9,738

9,993

12, 724

10, 195

9,740

16, 329

19, 357

15, 892

12, 723

12, 052

32, 319

8,688

9,150

7,844

8,695

11,878

9,492

9,355

16, 329

19, 357

15,892

12, 723

12, 052

0
61,771
GO, 378
29, 458

2,650
41,021
41,358
34, 128

2,668
34, 741
33, 180
34, 902

1,894
33, 255
33, 746
33, 869

1,298
37, 735
35, 751
35, 853

846
45, 375
49, 003
32, 225

703
63, 434
66, 740
28, 919

385
59, 673
59, 439
29, 153

0
40, 337
37, 471
35, 446

0
63, 879
64, 904
30, 443

0
57, 294
57, 362
30, 375

0
51,891
49, 489
32, 777

0
51,052
55, 764
2?, 065

4,604
2,493
40, 149

4,133
2,659
43, 585

3,342
2,361
44, 544

2,691
2,592
44, 739

4,195
4,571
44, 437

3,886
6,258
42, 035

5, 762
10, 652
37, 136

4,391
5,330
36, 218

2, 946
3, 626
32, 366

3,233
2,666
32, 826

3,850
2,494
34, 221

4,348
2,102
36,500

4,311
2,115
38,090

19, 062
9, 241
136, 149

15,014
8,332
118,411

15, 498
10, 029
123, 956

11,652
11,172
124, 414

15, 554
17, 890
121,973

15, 030
25, 208
111,740

18, 833
34, 185
96, 329

19, 783
19, 353
96, 933

13, 099
13, 436
96, 554

16, 457
10, 604
101, 340

15,917
9 275
10s! 115

16, 858
6,964
117,911

16,409
7,730
126, 053

3,870
4,271

3,557
3,604

3,495
3,586

3,333
3,523

3,914
4,651

4,225
4,655

6,045
5,943

5,995
5,027

4,298
3,060

4,690
4,750

4,190
3,865

3,661
3,420

3,790
3,955

3,228
3 014

2,856
2 570

2,436
2 445

2,282
2 180

2, 174
2,484

2,383
2,354

2,838
2 890

2,984
3 090

2,992
1,914

3,153
3,205

3,181
2,704

3,114
2,582

2,729
3,274

5,304

3,969

3,964

3,483

4,282

4,011

4,680

5,208

3,632

4,679

4,343

4,648

4,602

2,835

2,630

3,197

3,136

5,336

6,262

9,282

6,456

4,482

3,117

2,787

2,023

2,366

35, 388

32, 775

33, 537

33, 867

32, 969

30, 885

26, 517

25, 473

24, 786

26, 178

27, 845

30, 568

32, 891

49

45

52

77

62

44

94

124

115

81

43

48

46

153

95

122

128

178

158

196

131

182

93

66

87

106

208, 732
174, 640
370, 588

233, 176
219, 629
383, 646

222, 872
223, 461
383, 557

156, 270
150, 739
383, 161

205, 380
211,005
375, 376

349, 072
328, 010
376, 512

143, 483
133, 574
371, 499

202, 354
195, 289
370, 036

267, 293
271,912
358, 472

75, 310
64, 305
363, 755

121, 190
111,005
369, 605

78, 640
75, 147
374, 749

120, 821
119, 171
367, 593

55, 093

Sanitary Ware
Bathroom accessories: f
Production
number of pieces ._
Shipments .
number of pieces ._
Stocks, end of month
number of pieces..
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars .Porcelain enameled flatware:
Orders, new, total
dollars ..
Signs
..-dollars-Table tops
dollars..
Shipments, total
dollars-Signs
dollars ._
Table tops
dollars
Porcelain plumbing fixtures:
Orders:
New, net
number of pieces..
Unfilled, end of month
number of pieces..
Shipments ..
-number of pieces _.
Stocks, end of month
number of pieces..
Vitreous-china plumbing fixtures: f
Orders:
New net
number of pieces
Unfilled, end of month
number of pieces. _
Shipments
number of pieces
Stocks, end of month number of pieces. -

199. 50

216. 88

218. 91

217. 88

218. 16

211. 26

207. 03

206.89

206. 50

206. 07

202. 61

200.86

199.68

888,888
279, 016
208, 213
865, 904
283, 524
189 044

899, 506
343, 340
112, 965
842, 156
302, 888
110 862

736, 858
266, 811
107, 398
826, 975
307, 511
116 601

594, 146
226, 883
110,079
738, 460
304 752
106 273

719, 146
306, 463
145, 494
740, 802
332, 917
145 001

636,811
193, 716
220, 279
652, 158
232, 206
195 541

713, 141
248, 598
178,245
764, 436
269, 665
205 059

563, 137
180, 523
133, 900
583, 567
199, 652
131 993

525, 548
193, 535
111, 188
530, 050
204, 527
106, 772

689, 715
318,343
149,384
594, 427
219, 672
152, 409

692, 358
235, 427
153, 431
637, 165
190, 316
142, 380

829, 084
223, 860
181, 437
864, 145
278, 110
167, 296

900, 388
255, 477
212, 598
900, 828
265, 137
213, 646

2,322

1,822

1,722

1,785

2,723

2,017

2,427

2,582

1,269

1,620

1,013

2,641

2,904
4,553
1,722
10, 710

4,506
2,309
10, 688

5,277
2,354
10, 422

4,852
1,769
10, 981

4,390
1, 954
10, 762

4,333
2,542
9,626

3,854
2,198
8,847

3,298
2,771
7, 873

3,667
2,110
7,610

3,020
1, 300
9,703

2,978
1,509
9,660

2,720
1,236
9,960

3,535
1,790
9,917

127, 764

120 033

130 757

111 496

130, 449

139 012

258 657

183 982

234, 350

183, 281

301, 925

243, 296

164, 042

217, 842
218, 834
333, 240

88, 478
112 688
708, 871

105, 208
114 027
692, 644

98, 924
117 780
676, 061

107, 020
122, 353
656, 033

113,991
132 041
615, 467

165, 687
206 961
519, 867

183, 152
166 517
482, 685

283, 202
134, 300
489, 729

262, 363
204, 120
426, 570

369, 128
195, 160
380, 756

374, 217
238, 207
316, 705

308, 912
229, 347
297, 971

29, 640

30, 809

29,940

18, 130

17, 622

14, 304

18,500

17, 923

24, 049

31,783

31, 903

34, 080

31, 972

29, 083
24.4
4,779
30 646
25 7
4,867

46, 831
29.9
16,812
57 313
36.6
23, 309

41, 537
26.5
10, 408
50, 268
32.1
18, 904

41, 822
26.7
22, 407
46 182
29.5
17, 661

25, 538
16.3
5,697
43, 748
27.9
17, 741

20,030
12.8
4,417
31,816
20.0
11, 152

24, 327
15.5
5,538
29 142
18.6
9,309

21, 552
13.8
4, 283
25, 799
16.5
7,218

27, 312
17.4
8,128
23, 916
15.3
5,142

32, 349
27.1
6,835
29, 035
24.3
6,052

31, 725
26.6
5,490
29, 687
24.9
6,181

30, 723
25.8
7,959
31, 940
26.8
7,585

28, 233
23.7
4,322
31, 952
26.8
6,731

2,602
44

3,353
56

3,016
53

1,473
27

1,364
23

1,252
23

1,462
25

1,589
28

1,942
35

2,834
47

2,742
52

2,831
49

2,606
45

Steel, Crude and Semimanufactured
Bars, steel, cold finished, shipments
short tons..
Castings, steel: * A
Orders, new, total
short tons
Percent of capacity
.... .
Railway specialties
short tons
Production total
short tons
Percent of capacity
Railway specialties
short tons.
Ingots, steel :§
Production
thous. of long tons..
Percent of capacity

* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior to
January 1932 not published. Steel castings, see p. 20 of the October 1934 issue.
J In equivalent direct radiation.
t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue. Data on vitreous china
plumbing fixtures revised starting January 1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue.
A Steel casting series revised January 1935 by the increase of the number of companies from 164 to 180; comparable data not completed for 1934 and earlier years. Figures
for 164 companies in January 1935 were new orders, total 31,816 percent of capacity 20.3; new orders, railway specialties, 6,835; production, total, 28,519, percent of capacity
18.2, production, railway specialties 6,052.
§ Data for 1933 revised; see p. 47 of the August 1934 issue. For 1932 revisions see p. 45 of the July 1933 issue.




SURVEY OF CURRENT BUSINESS

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

1935
May

51

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Crude and SemimanufacturedContinued
Prices, wholesale:
Composite, finished steel
dol. per lb__ 0. 0244
Steel billets, Bessemer, Pittsburgh
27.00
dol. per long ton..
Structural-steel beams, Pittsburgh
.0180
dol. per lb._
10.06
Steel scrap, Chicago. ..dol. per gross ton..
U. S. Steel Corporation:
Earnings net
thous. of dol.Shipments, finished products*. .long tons.. 598, 915

0. 0253

0. 0253

0. 0246

0. 0244

0. 0244

0. 0244

0. 0244

0. 0244

0. 0244

0. 0244

0. 0244

29.00

29.00

27.40

27.00

27.00

27.00

27.00

27.00

27.00

27.00

27.00

27.00

.0185
10.95

.0185
9.75

.0181
9.55

.0180
9.19

.0180
8.50

.0180
8.75

.0180
9.25

.0180
10.31

.0180
11.80

.0180
11.25

.0180
10.50

.0180
9.85

745, 063

21, 082
985, 337

369, 938

378, 023

3,769
370, 306

343, 962

366, 119

3,762
418, 630

534, 055

583, 137

12 428
668, 056

591, 728

0 0244

Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month _. .number.. 971, 344 865, 012 935, 651 684, 403 605, 573 596, 694 460, 880 330, 593 452, 930 1,171,996 1,158,398 1,081,327
Production
- -- number.. 471, 592 431 567 612, 695 519, 444 316, 340 363 88^ 524, 232 421, 003 373, 850 390, 459 355, 220 462, 771
34.7
22.3
26.2
36.7
26.4
36.7
25.5
29.6
30.0
34 1
42.8
30 1
Percent of capacity
Shipments
.number _ 474, 139 426 175 607, 692 528, 847 318, 678 368, 771 516, 684 419, 500 374, 924 391, 232 353, 418 464, 978
27, 379
32, 123
29, 461
27, 328
31, 755
24, 575
41, 158
33, 626
26, 555
28, 357
26 150
Stocks end of month
number
35 633
Boilers, steel, new orders:
^
641
282
566
392
385
416
260
539
287
Area
thous. of sq. f t _ _
360
656
277
961
696
597
331
329
296
458
447
415
626
Quantity
number of boilers..
418
304
Furniture, steel:
Business group:
Orders:
1,237
1,063
1,184
1,108
993
1,026
1,222
870
813
866
1,115
1,039
New
thous. of dol._
746
619
663
664
707
651
709
1,044
1, 047
815
668
Unfilled, end of month.. thous. of dol—
975
1,214
1,064
1,039
1, 090
1,139
998
1,221
863
1,046
1,101
879
Shipments
thous. of doL.
1,011
Shelving:A.
Orders:
257
219
258
273
267
222
258
New
thous. of dol—
253
206
209
307
343
130
192
154
164
208
172
196
175
200
120
191
Unfilled, end of month.. thous. of dol—
301
269
245
224
217
208
251
354
340
231
226
261
Shipments
thous. of dol—
288
Safes:
Orders:
207
142
162
190
160
147
161
163
186
136
118
159
New
thous. of dol—
257
230
245
211
194
216
196
228
200
177
181
Unfilled, end of month. .thous. of dol—
160
185
172
142
126
145
176
153
130
166
130
147
Shipments
- - .thous. of dol.
161
238
129
241
162
171
130
111
255
201
87
Lock washers, shipments
thous. of dol—
171
238
Plate, fabricated steel, new orders, total
26, 025
15, 064
short tons.. 17, 630
16, 629
18, 778
27, 395
16, 293
16, 832
12, 523
15, 108
16, 581
21, 891
y
3,690
3,252
5,185
1,389
2,531
11,019
2,028
3,334
927
2,377
3,445
'Oil storage tanks
short tons..
8 746
Sheets, black, blue, galvanized, and full finished:
Orders:
New
- - short tons. _ 149, 725 246 315 114, 855
66, 064
72 517
77, 063 102, 920 133, 344 193, 130 321, 831 183, 322 193, 057
74, 392
Unfilled, end of month
short tons.. 144, 392 257, 845
64, 270
67, 062
69, 472
77, 423 100, 745 158, 456 279, 012 248, 931 214, 685
Production, totaL _
short tons. _ 191, 507 256, 537 199, 438 85,286
77, 197
76, 051 104, 898 143, 057 159, 740 235, 714 219, 062 227, 082
63.8
44 0
49 2
74 0
23 8
71 5
61 4
74 1
Percent of capacity
26 2
23 4
32 3
79 0
Shipments
short tons. _ 186, 971 240, 730 301, 832
77, 706
85, 442
73, 260
95, 107 108, 880 141, 566 205, 915 201,054 233, 446
Stocks, end of month, total
short tons__ 124, 442 137, 510 106, 950 110,400 109, 282 99, 888 102, 264 107, 550 104, 720 105, 182 108, 788 108, 260
71, 345
64, 393
60, 177
Unsold stocks
short tons
56, 666
65 400
62 024
71 968
59 757
48 714
71 362
64 398
63 667
Tin and terneplate:*
190
Production
_ _ . _ thous. of long tons__
150
166
80
115
83
130
150
85
90
190
93
4,228
6,184
Track work, production
short tons _
5,764
2,333
2,892
2,065
2,272
5 226
5 364
2 153
3,440
3 383

944, 168
538 255
39 6
534 479
29 926
313
443

1,114
701
1,123
271
155
291
168
238
158
47
13, 244
2 152

168 093
177 950
209, 219
68 2
202, 365
116,316
68 153
a

« 200
4 472

MACHINERY AND APPARATUS
Air-conditioning equipment:!
1,405
1,263
1,284
Orders, new, total
thous. of dol__
1,592
1,299
1,267
989
1,106
1,111
1,190
1,501
1,328
1,361
252
266
Air-washer group
thous. of doL _
324
197
152
273
209
164
127
93
147
89
229
704
637
Fan group _
.thous. of doL_
574
602
519
575
459
433
577
467
590
485
674
360
Unit-heater group
thous. of doL_
449
386
424
550
865
822
742
527
347
576
369
457
Electric overhead cranes:
Orders:
626
84
New
_
— thous. of doL
89
194
139
167
129
393
200
79
59
136
264
1,318
477
Unfilled, end of month
thous. of doL.
518
689
563
670
684
659
651
592
905
808
813
221
123
Shipments
thous of doL
99
79
297
78
158
89
143
207
80
198
140
Electrical equipment. (See Nonferrous
metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
100.7
70.4
New
.1922-24 = 100
43 1
66 5
50 7
80 4
46 4
55 3
86 6
66 9
75 7
69 3
113 2
117.7
Unfilled, end of month
1922-24=100..
57.8
52.1
43.1
36.3
49.1
69.7
54.4
69.2
57.7
43.2
46.6
86.1
67.0
64.3
Shipments
1922-24—100
75 6
67 2
48 7
51 5
59 6
37 0
76 2
82 6
81 1
85 1
69 7
Fuel equipment:
Oil burners:*!
Orders:
New
no. of burners. _ 10, 662
6,147
8,381
8,416
12, 849
16, 714
19, 274
9,355
4,680
4,667
5,338
5,761
8,781
Unfilled, end of month.no. of burners. _ 1,380
2,789
2,285
3,894
3,510
2,475
1,386
1,776
871
735
857
801
702
Shipments
no. of burners. _ 9,984
6,047
8,291
7,191
12, 465
5,952
4,694
18, 133
19, 973
9,745
4,531
5,817
8,880
Stocks, end of month
no. of burners.. 14, 025
15, 320
18, 094
19,036 18, 022
14,600
12, 469
11,461 11, 348
12, 986
13, 490
14, 170
14, 622
Pulverized fuel equipment:
Orders, new, storage system:
Furnaces and kilns.no. of pulverizers. _
0
2
0
0
0
0
1
0
0
0
3
0
0
Water-tube boilers.no. of pulverizers. _
0
0
0
0
0
0
0
0
0
0
0
0
0
Orders, new, unit system:
Fire-tube boilers no. of pulverizers. _
0
0
0
0
3
3
0
2
0
0
2
0
0
Furnaces and kilns.no. of pulverizers. _
1
7
4
2
0
1
2
0
5
6
4
6
8
11
Water-tube boilers.no. of pulverizers. _
4
0
21
17
3
7
3
12
8
5
2
18
• Revised.
* New series. For earlier data seep. 18 of the January 1934 issue, United States Steel Corporation shipments, p. 20 of the December 1932 issue, tin and terneplate.
Current oil-burner series available only back to January 1933 are based on reports from 149 concerns; see p. 48 of the May 1934 issue for 1933 data.
t Revised series. Data on air-conditioning machinery, oil burners revised starting January 1933; see footnote on p. 48, April 1935 issue. The revisions for 1933 will
be shown in a subsequent issue.
A Revised data on steel furniture shelving for years 1932,1933, and 1934 will be shown in a subsequent issue.




52

SURVEY OF CUEEENT BUSINESS

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

1935
May

July 1935

1934
May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

METALS AND MANUFACTURES—Continued
MACHINEEY AND APPARATUS— Con.
Fuel equipment — Continued.
Stokers, mechanical, new orders:!
Class 1, residential!
number. _ 1,704
Class 2, apartment and small commer107
cial!
_ .number. _
Class 3, general commercial and small
41
commercial heaters*
_ _ number- _
Class 4, large commercial:!
131
Number
32, 548
Horsepower
_
Machine tools: A
Orders:
73.3
New*
avg. mo. shipments 1926=100..
Pumps:
Domestic, water, shipments: 1
Pitcher, hand, and windmill
units.. 36, 964
879
Power, horizontal type
units. .
Measuring and dispensing, shipments:
Gasoline:
721
Hand operated
. units. .
5,120
Power
units-Oil, grease, and other:
Hand operated
units. . 8,257
719
Power
units..
Steam, power, and centrifugal:
Orders:
676
New
..
thous. of doL.
Water-softening apparatus, ship592
mentsK
units..
Water systems, shipments t 1units. . 11, 685
Woodworking machinery:
Orders:
12
Canceled
thous of dol
286
New
thous. of doL.
451
Unfilled, end of month
thous. of dol..
Shipments:
157
Quantity
machines __
249
Value
thous. of dol..

902

1,215

1,270

2,678

4,636

5,077

2,761

2,125

1,241

1,113

956

« 1, 046

85

140

141

269

429

458

265

210

147

107

84

o 83

28

60

78

133

188

177

142

90

61

48

37

33

150
28, 852

172
34, 679

200
44, 100

241
43, 893

287
41, 987

292
46, 623

205
39, 767

167
28, 199

139
24, 339

105
21, 164

106

24,256

120
32 241

45.9

35.3

34.7

41.4

36.2

43.9

52.4

66.1

65.5

53.0

62.3

65.6

34, 193
854

39, 152
785

36, 771
971

39, 552
910

26, 022
696

25, 127
732

21, 702
545

31, 151
541

36, 482
615

36, 433
690

30, 601
788

35, 432
726.

3,327

692

773
2,712

488
3,193

2,630

620

538
1,867

2,240

2,306

563

419
1,794

366
2,501

3,002

445

671
3,651

4,874

6,960

5,526

5,242

5,092

4,860

5,942

488

614

614

766

5,591
422

4,490

6,069

579

5,133
442

4,503

608

611

339

485

607

644

6, 753
901

665

703

541

580

637

663

615

630

698

111

897

798:

510

360

304

344

383

440

321

350

420

395

552

10, 799*

8,254

9,740

7,056

8,204

5,270

5,574

5,570

4,632

6,363

6,679

509
7,531

244
225

3
237
233

2
252
297

5
262
312

1
172
241

4
222
228

4
243
249

4
244
247

1
312
313

10
302
340

4
434
441

13
311
426

172
292

123
220

127
186

148
239

199
242

152
227

114
214

114
236

131
241

167
267

151
304

168
318

NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
14, 463
19,211
12, 985
7,191
10, 716
16, 749
14, 130
12, 587
16, 685
13, 394
18,010
13, 249
Imports bauxite#
long tons_. 17, 663
. 1251
.1238
. 0888
.0923
.1106
.0907
.1049
.1097
.1225
.1213
.1003
. 1227
.0938
Price, scrap, cast (N. Y.)
-dol. per lb._
2,401
2,245
1,856
1,653
2,164
2,426
2,262
1,808
1,726
2,139
2,281
2,296
1,989
Babbitt metal: Production.-.thous. of lb-_
541
408
439
380
444
461
536
457
398
535
643
520
553
For own use
-- thous. of lb..
1,806
1,890
1,400
1,273
1,364
1,327
1,622
1,993
1,678
1,746
1,619
1,435
1, 776
Sales
thous. of lb_Copper:
22, 739
24, 279
24, 476
24, 869
22,306
29, 784
28, 675
26, 393
27, 446
30, 721
25, 324
23,648
Exports, refined§ •
..short tons.. 16, 805
12, 236
15, 110
15, 152
22,913
20, 884
15, 247
16, 565
22, 817
18, 486
16, 734
23, 226
14, 780
Imports, total §#
..short tons.. 16, 837
16, 070
13, 922
13, 834
15, 048
10, 895
19, 131
22, 129
19, 546
15,011 23, 221
17, 286
15, 626
14, 724
Ore and blister
short tons
.0878
.0878
.0878
.0878
.0878
.0878
.0878
.0878
.0878
.0878
.0828
.0859
.0878
Price, electrolytic (N. Y.)
dol. per lb_.
Lead:
Ore:
27, 283
26, 713
23, 211
27, 644
25, 510
25, 218
25, 563
25, 892
25,729
26, 080
22, 304
21, 803
Receipts in U. S. ore
short tons.. 24, 302
1,981
3, 452
3,901
4,229
2,238
1,183
1,792
4,536
1,157
3,390
5,082
4,767
1,518
Shipments, Joplin district. ..short tons..
Refined:
3,002
1,464
2,055
2,726
797
443
1,430
851
477
1,537
1,662
1,587
1,719
Imports^
short tons
Price, pig, desilverized (N. Y.)
.0353
.0369
.0358
.0369
.0369
.0365
.0357
.0360
.0414
.0396
.0375
.0398
.0377
dol. per Ib..
32, 500
26, 350
25, 103
30, 118
29, 857
27, 070
31, 243
29, 755
34, 741
22,999
29, 695
27, 354
Production..
short tons.. 33, 202
31, 762
40, 922'
35, 943
33, 695
32, 523
28, 973
36, 018
34,680
33, 606
29, 316
28,276
29, 479
Shipments, reported _
short tons.. 32, 341
220, 043
225, 057 233, 245 238, 181 240, 595 234, 312 230, 219 229, 859 232, 934 235, 457 229, 675 224, 638 228, 580
Stocks end of month
short tons
Tin:
Consumption in manufacture of tin and
1,32 <
1,290
2,100
2, 450
» 3, 260
1,440
1,400
3,100
1,780
2,570
1,240
2,330
3,100
terne plate*
long tons
4,600
5, 825
4,845
4,530
3,905
5,495
3,850
2,925
4, 045
4,110
3,950
3,845
3,575
Deliveries
long tons.5,234
3,859
4,023
5,196
8,612
3,231
3,148
1,478
3,932
2,826
5,224
4,242
4,900
Imports, bars, blocks, etc.#
long tons..
.5122
.5087
.4996
.4691
.5010
.5093
.5087
.5352
.5192
.5195
.5149
.5122
.5110
Price, straits (N. Y.)
dol. per lb-Stocks, end of month:
14, 694
19,652
16, 614
13, 698
19, 416
16, 475
15, 094
15, 494
15, 386
17, 371
17, 251
16, 313
World visible supply
longtons-- 16, 718
2,581
4,531
4,295
4,048
2,638
3,571
4,243
4,998
4,968
5,089
4,930
5, 094
6,461
United States
long tons
Zinc:
Ore, Joplin district:
32, 264
28, 751
21, 203
36, 827
26, 257
36, 026
23, 063
31. 782
27, 686
25, 300
34, 934
11, 820
Shipments
short tons.. 15, 204
26, 552:
17, 600
15, 263
17, 649
21, 983
20, 574
21, 290
17, 337
16, 992
17, 922
21, 788
13, 368
Stocks, end of month
short tons.. 25, 938
Price, slab, prime, western (St. Louis)
. 0403
.0371
.0373
.0371
.0373
.0389
.0405
.0383
.0428
.0432
.0422
.0435
.0424
dol. per lb_.
35, 334
35, 218
33, 494
34, 527
34, 977
35, 981
36, 667
26, 515
26, 169
24, 756
30, 944
25, 160
Production, total (primary) §. .short tons.. 34, 597
32, 944
32, 658
35, 196
33, 719
33, 210
31,964
32, 793
30, 442
31,352
30, 324
27, 193
31,284
Retorts in operation, end of mo.. number. _ 32, 389
38, 460
35, 538
34, 903
41, 137
32, 003
29, 928
21,663 21,913 30, 294
26, 966
30, 217
Shipments, total§
...short tons.- 35, 652 35, 589
35, 538
38, 450
30, 294
32, 003
34, 870
41, 137
29, 875
21, 663
21,913
35, 589
30, 169
26, 966
Domestic§
short tons_- 35, 629
108, 687
97, 462 101, 968 106, 570 110, 803 115, 852 119,830 117, 685 116, 276 111,806
99, 672
Stocks, refinery, end of month §.short tons _ 107, 625 104, 729
Conduit, nonmetallic, shipments
2, 605
1,142
1,583
1,692
1,810
1,895
2,139
1,609
1,426
1, 575
1,981
1,551
thous. of ft_.
Delinquent accounts, electrical trade. (See
Domestic trade.)
0 Revised.
A Series covering shipments and unfilled orders temporarily discontinued.
* New series: for earlier data, see p. 20 of the December 1932 issue, tin and terneplate; and p. 19 of the January 1933 issue, stokers; and p. 20 of the July 1934 issue
for machine tools (incl. forging equipment).
1 Present series on water systems now cover 52 companies. Data revised beginning January 1933. See p. 49 of the December 1934 issue.
• Data on exports revised for 1933; see p. 20 of the September 1934 issue.
§ Data for 1932 revised; for revisions see p. 48 of the June 1933 issue, exports of refined and total imports of copper. For 1933 revisions on zinc, see p. 49 of the January
1934 issue; for 1934 revisions see p. 49 of the February 1935 issue.
# See footnote on p. 37 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue.
1 Revised series on domestic pumps and water systems starting January 1934; see p. 49 of the April 1935 issue; mechanical stokers, see p. 48, of the April 1935 issue.
New series on water-softening apparatus revised starting January 1933. Revisions for 1933 will be shown in a subsequent issue.




SURVEY OF CURRENT BUSINESS

July 1935
Morithly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935
May

53
1935

1934
May

June

July

August

Septem- October Novem- Decem- January February
ber
ber
ber

March

April

METALS AND MANUFACTURES — Continued
NONFEREOUS METALS AND
PRODUCTS-Continued
Electrical Equipment
Furnaces, electric new orders
kilowatts
Electrical goods, new ordersf (quarterly)
thous. of dol..
Laminated phenolic products, shipments
dollars--.
Mica, manufactured:
Orders, unfilled, end of month
thous. of doL.
Shipments
thous. of dol
Motors (direct current):
Billings (shipments)
_ dollars
Orders, new
dollars..
Panel boards and cabinets, shipments
thous. of dol._
Porcelain, electrical, shipments:
Special.
_
dollars Standard
... .
...dollars
Power cables, shipments
thous. of f t _ .
Power switching equipment, new orders:
Indoor
dollars
Outdoor,. .
_ _ dollars..
Reflectors, industrial, sales
units. .
Refrigerators, household, sales*... number
Vacuum cleaners, shipments:
Floor cleaners
number
Hand-type cleaners*
_. .- .number. _
Vulcanized fiber:
Consumption
thous of Ib
Shipments
thous. of dol._
Welding sets, new orders:
Multiple oDerator
units
Single operator
.
_units .

1,090

484

479

1,150

128, 034

1,519

1,163

3,284

984

2,844

2,212

2,096

121, 814

118, 397

100, 334

816, 314

760, 788

804, 870

667, 198

695, 382

561, 273

585, 565

528, 025

604, 610

698, 402

750, 943

845, 020

888, 705

150
166

63
147

53
114

57
106

46
99

67
84

62
106

64
116

103
114

108
163

105
154

99
164

100
160

280, 771
321, 483

335, 307
366, 613

260, 355
207, 654

297, 734
243, 700

209, 308
242, 528

225

204

211

328

207

257

233

227

218

192

239

262

42, 307
22, 169
312

51, 359
21, 539
363

53, 523
22, 383
337

49, 371
24, 691
470

39, 351
23, 599
220

56, 099
27, 263
277

49, 073
27, 585
223

45, 189
20, 723
380

47, 771
34, 649
320

48, 031
34, 590
303

58, 093
24, 353
302

58, 575
24, 561
448

33, 283
115,806
57, 641
277, 988

27, 611
90, 477
46, 681
190, 003

22, 920
125, 838
44, 666
120, 846

45, 045
107, 437
50, 746
79, 195

36, 728
113. 002
48, 256
39, 149

35, 322
96, 646
56, 021
29, 567

37, 442
91, 908
53, 255
28, 718

27, 855
72, 974
48, 678
71, 477

30, 214
78, 993
61, 344
97, 421

29, 080
72, 425
51,956
121, 636

46, 220
81, 570
54, 746
213, 464

54. 441
88, 521
56, 038
266, 931

73, 086
27, 321

65, 213
21,738

50, 348
20, 014

40, 065
12, 025

50, 211
18, 097

63, 936
21, 758

67, 414
20, 384

68, 866
21, 838

71, 307
23, 920

60, 180
18, 744

75, 582
22, 872

90, 693
29, 231

79, 330
31, 219

1,871
434

1,912
432

1,833
451

1,839
316

1,552
329

1, 333
270

1,306
315

1,053
267

990
270

1,381
434

1,431
400

1, 835
430

1,819
425

1
395

1
333

2
292

1
241

7
223

2
371

5
273

3
368

1
347

1
277

3
487

1
497

4,959

5,014

5,698

68, 473
27, 898
374

66, 466

Miscellaneous Products
Brass and bronze (ingots):*
Shipments and deliveries
net tons._
4,620
Brass, plumbing:
Shipments*
...number of pieces-- 1,000,624
Brass sheets, wholesale price, milLdol. per lb._
.143
Copper, wire cloth:
Orders:
New
thous of sq. ft
398
Unfilled, end of month._thous. of sq. f t _ _
443
424
Production
thous. of sq. ft._
373
Shipments
.._ ... thous. of sq. ft._
Stocks, end of month
thous. of sq. ft._
797

5,143

4,941

4,317

3,757

3,260

4,106

3,919

3,688

5,338

788,911
.143

740, 222
.144

693, 979
.145

707, 156
.145

708, 694
.145

960, 463
.145

849, 415
.144

758, 548
.143

997, 797
.143

279
622
350
325
814

238
461
343
401
725

282
423
281
300
718

369
393
382
380
696

292
407
331
273
747

417
441
357
371
735

337
428
333
326
742

329
479
317
281
743

404
411
393
435
694

933, 266 •M.045,820 1, 061, 366
.143
.143
.143
369
462
374
357
706

404
448
417
377
714

351
473
367
382
764

PAPER AND PRINTING
WOOD PULP
Consumption and shipments * short tons
346 109 324 473 311 543 338 873 317 730 360 177 347 711 329 961 376 632 352 068
Groundwood*
short tons
96 815 103 616
91 694
108 359 100 309
94 499
89 473
93 471
99 382
88 610
91, 762 111, 376 105,279
97, 380
87 992
87, 922
95, 241
Sulphate*
short tons
90 069 107 943 102, 503
Sulphite total*
short tons
108 540 104 795 104 267 117 663 110 104 119 965 119 475 112 674 128 091 120 524
73, 137
70 398
62, 476
75, 980
64 916
Bleached*
short tons
62 309
69 562
60 029
63 985
69 767
47 387
43 624
52 111
48 101
Unbleached*
short tons
49 077
50 198
40 282
42 486
50 075
50 198
28, 959
29, 476
22, 552
28, 130
26, 730
Soda*.. _ _ . . . . . .
...short tons.. 29, 317
24, 966
22, 340
27, 080
25, 195
22, 795
23, 876
25, 498
Damaged, off-quality & misc'l*
7 389
6,441
8 622
6 158
6 182
short tons
6 268
6 819
4 750
7 086
6 607
368 960 328 261 298 903 326 204 312 107 35P 938 354, 234 333, 594 379, 466 352, 831
Production, all grades*
short tons
94, 245
99, 902 106, 321
116,515
82, 580
83 482
Groundwood*
short tons
93 092 101, 646
96 831
82, 240
92 108 110, 520 104, 581
97 287
Sulphate*
short tons
96 504
87 901
90 869 108 551 102 168
87 666
Sulphite, total*
_ ._ short tons
122, 574 111, 789 100 302 115 713 109, 855 125' 073 119, 808 113,739 128, 782 119,815
73, 021
66, 056
76, 019
Bleached*
short tons
69 631
74 791
65 658
66 736
60 558
63 660
72 190
52 763
46 794
50 177
47 683
Unbleached*
short tons
52 883
47 783
46 131
48 977
46 195
39 744
29, 038
29, 734
27, 002
21, 866
27, 850
27 952
24, 556
25 402
26 446
22 108
24 409
21 899
Soda*
short tons
28 276
Damaged, off-quality & misc'l*
6,841
6,340
5,979
6 056
4 632
6 998
6 002
short tons
6 338
6 776
6 587
133 294 136 627 123 947 111 278 105 655 105 361 111 759 115 675 119, 398 120, 161
Stocks*
short tons
44 400
46 951
41 710
Groundwood*
short tons
42 975
38 623
64 958
31 502
61 199
37 847
53 866
6 148
5 450
Sulphate*
short tons
7 174
6 828
4 839
5 755
4 748
4 492
6 555
7 163
61,961
62, 670
60, 648
Sulphite, total*
short tons
59, 484
53, 486
54, 142
60, 306
56 341 54, 391
59,' 250
41 929
41 813
Bleached*
short tons
36 963
40 543
37 730
34 580
34 502
31 676
37 929
35 307
IS 906
20 105
20, 741
20, 148
Unbleached*
short tons
22 715
22 377
18 835
21 839
2l' 520 22 521
5,547
5,427
5,169
5,238
5,449
5,202
Soda*
short tons__
5,740
5,643
4,506
5,530
6,150
5,737
5,110
Damaged, off-quality & misc'l*
905
630
731
short tons
1 296
1 084
2 514
4 481
4 637
1 909
4 138
Imports:
86, 361
Chemical, total t #
...short tons.. 165, 397 125, 486 136, 947 150, 031 142, 864 139, 512 165, 936 146, 060 139, 263 179, 303 108, 563 119,690
10,097
13, 973
13, 020
Groundwood#
short tons.. 18, 368
17, 950
16, 977
18, 707
17, 555
17, 272
19, 319
16, 880
11, 051
21, 037
Price, wholesale, sulphite, unbleached
1.90
2.00
2.10
2.10
2.10
dol. per 100 lb.2.10
2.10
2.10
2.10
1.90
2.10
2.10
2.10
t Revised series; for earlier data on new orders for electrical goods see p. 19 of the August 1933 issue.
* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. For electric refrigerators, see p. 20 of this issue. Data prior to October
1931 not published on brass, plumbing fixtures. Wood pulp figures based on reports to the Pulp Executive Authority by 172 mills, representing 91 percent of the total U. S.
pulp industry. Figures available beginning with January 1934. Data not exactly comparable with figures previously shown. See footnote on p. 56 of the April 1935 issue
for the complete 1934 wood pulp figures.
t Revised series. See p. 49 of the June 1933 issue for 1932, for chemical wood pulp imports.
# See footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
• Beginning with January 1934figureshave been compiled by the Code Authority of the Ingot Brass and Bronze Industry. The figures are more complete than those on
deliveries previously shown. Shipments of the concerns formerly reporting contribute about 80-85 percent of the total for the present series.




SURVEY OF CUREENT BUSINESS

54
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935

July 1935

1934
May

May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

PAPER AND PRINTING—Continued
PAPER t
Total paper:*
Paper, including newsprint and paperboard:
Production
short tons
Paper, excluding newsprint and paperboard:
Orders, new
short tons
Production
short tons
Shipments
short tons Book paper:*
Coated paper:
Orders, new
,
_ .short tons..
Orders, unfilled
short tons_.
Production
short tons..
Percent of potential capacity
Shipments
short tons
Stocks end of month
short tons
Uncoated paper:
Orders, new
.short tons..
Orders, unfilled
.short tons..
Production
short tons..
Percent of potential capacity
Shipments
short tons
Stocks, end of month
short tons..
Newsprint:
Canada:
Exports
short tons. _
Production
short tons
Shipments from mills
short tons
Stocks, at mills, end of month
short tons..
United States:
Consumption by publishers .short tons..
Imports#
short tons..
Price, rolls, contract, destination, N. Y.
base
dol per short ton
Production, total
..short tons..
Shipments from mills
..short tons..
Stocks, end of month:
At mills
short tons
At publishers
short tons
In transit to publishers
short tons..
Paper board :§
Consumption, waste paper f... short tons_.
Orders:
New
short tons .
Unfilled, end of month
short tons..
Production
short tons
Percent of capacity..
.. _
Stocks of waste paper, end of month:
At mills f
. short tons
In transit and unshipped purchases
short tons..
Fine paper: *
Orders, new
short tons..
Orders, unfilled
short tons
Production
short tons
Shipments
short tons..
Stocks, end of month
short tons..
Wrapping paper: *
Orders, new
short tons
Orders, unfilled
short tons..
Production
.short tons..
Shipments.,
short tons
Stocks, end of month
...short tons..
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams
Foreign
reams..
Paper board shipping boxes:
Shipments, total
mills, of sq. ft_.
Corrugated *
...mills, of sq. ft..
Solid fiber *
mills, of sq. ft..
PRINTING
Blank forms, new orders
thous. of sets..
Book publication, total-number of editions ..
New books
number of editions
New editions
number of editions
Operations (productive capacity). 1923 =100..
Sales books:
Orders, new
.
thous. of books
Shipments
thous of books

712,813

645, 602

588, 957

707, 942

637, 172

762, 737

658, 391

618, 648

759, 837

704, 580

752, 875

373, 359
399, 609
388, 161

319, 005
337, 871
325, 775

298, 372
310, 849
306, 352

358, 523
380, 772
383, 129

331, 091
329, 626
330, 000

401, 767
418, 496
410, 609

335, 974
355, 807
345, 342

333, 152
338, 931
327, 368

432, 518
417, 235
422, 470

371, 666
381, 898
382, 714

390, 872
403, 577
398, 191

20, 311
9,794
20, 756
58 8
19, 513
15 810

15, 306
4,484
17, 109
49.0
17,611
14, 833

14, 054
4,739
13, 842
41.8
14, 253
13 949

17, 113
5,057
17, 650
48 1
17, 570
14 429

14, 267
3,757
15, 748
47 8
16, 089
14 279

18,400
3,722
19, 543
52 8
18, 750
15 125

16, 574
3,912
17, 438
49 8
17, 817
14 812

15, 031
4,113
15, 530
46.1
15,417
13, 396

19, 768
4,815
19, 616
53.1
20, 151
14, 721

19, 204
8,056
19, 162
58.2
19, 351
14, 406

20, 944
9,117
21, 482
61.4
21, 614
13, 582

20 733
9,106
21, 758
62 0
21 215
14 870

81, 320
27, 806
93 358
69.9
87 815
63 320

73, 738
25, 625
84, 973
46.5
84, 441
54,779

64, 696
25, 882
69, 619
41.7
70, 654
54, 624

73, 997
23, 194
83, 066
52.3
82 463
57, 683

74, 022
25, 236
73, 243
53.6
77 003
54, 615

77, 426
24, 264
87, 394
59.7
85 221
55 297

72, 711
23, 226
79, 936
59.0
75, 627
58, 268

70,095
26, 646
74, 427
56.7
74, 725
57, 715

86, 899
31, 564
88, 878
61.5
88,400
59, 061

77, 571
28,006
86, 989
68.7
87, 032
57, 874

87, 821
30, 426
96,411
69.9
94, 947
58, 583

87 282
30, 975
96 852
69.3
95 237
60 919

202, 177
229 637
225 449

212, 845
208 238
199 926

183, 930
216 164
209 938

190, 794
196 172
195 320

204, 904
235 021
228 921

221, 553
240 869
262 206

245, 136
239 544
254 657

184, 243
201 959
180 026

146, 697
180 505
160 859

206, 492
205 682
198, 574

158, 924
°222 235
°236 905

239, 881 222, 071
242 693 °242 493
8
251 009 236 764
55, 211

"42, 594

46, 782

55, 099

61, 359

61, 903

67, 994

46, 488

30, 366

51, 932

71, 364

78, 396

63,553

201, 970
227, 330

193, 088
204, 036

154, 175
200,004

150, 500
197, 227

145, 095
171, 390

151,900
159, 944

168, 372
201, 146

172, 287
194,392

165, 496
222, 897

157, 870
160, 973

169, 816
138, 647

171, 139
181, 597

166, 122
188, 700

iG 06
40 00
89, 726 a83, 517
91 032 « 79 853

40 00
a
76, 184
• 70,097

40 00
°80 904
a 90 698

40 00
80 562
81 229

40 00
74, 851
79,129

40 00
79, 777
86,495

42 00
80, 576
75, 678

40 00
70, 812
69, 622

40 00
73, 528
74, 665

40 00
74 891
« 77 102

a
12 312 17, 277
18 043
244 388 277 125 261 282
38, 622
46, 237
35, 391

18, 673
240 101
34, 214

17, 604
210 072
32, 725

15 577
203 672
33, 268

40 00
84 323
83 903

a

a

40 00
74, 120
71 337

a

« 20 317
216 061
46,200

a 24 123
241 136
28,915

a

30,180
253 489
28,202

a 20 526
270 690
27, 670

a 23 284
241 893
42, 818

a 22 679
236 734
33, 717

219, 779

176,018

207, 476

224, 874

208, 332

200, 164

230, 695

196, 461

168, 375

210, 812

211, 560

231, 584

o 217, 300

260 015
80, 195
262 375
62 7

225 957
80, 958
223 478
55 4

214 236
72, 990
224 214
57 i

200,278
73, 256
201 924
52 6

246 187
71, 523
246 266
58 7

228 804
72, 930
233 426
61 4

255 744
68, 756
263 679
63 9

218 980
62, 352
227 733
57 8

201, 121
65, 723
199 940
54.2

273, 151
80, 987
262 026
a
62.9

252, 578
84, 341
251 870
68.7

268, 360
79, 049
275 770
68 9

a 255 730
79, 296
a 260 851
o 64 8

222 543

227 877

221 836

230 298

232 819

241 569

231 094

226 941

223 692

210 520

214 069

207 987

214 680

27, 707

15, 970

27, 726

24, 877

26, 618

33, 005

27,764

20, 000

35, 073

39, 726

34, 170

30,233

30 424
7 050
31 208
30, 522
50 880

22 152
6 198
23 956
23, 602
51, 121

21 514
6 277
20 904
21, 494
50, 431

26 528
6 744
27 230
28, 591
49 326

23 388
6 437
23 928
23, 753
49 765

30 558
6 213
32 400
31, 606
48 548

24 366
6 886
24 737
24, 522
48, 800

23, 799
7,460
25, 263
22, 190
51, 804

35, 448
9 648
32, 917
34, 859
47, 913

28, 520
9 374
28, 692
27, 877
49, 060

29,441
9 890
30, 798
30, 365
51, 959

555
270
663
314
220

101 605
57 382
109 568
109 876
95, 064

98 620
55 904
103 667
101 024
98, 192

128 441
50 360
134 136
135 344
96^ 704

112 052
51 872
111' 076
110 927
97^ 041

152 894
56 733
151 019
148? 223
95 986

116 423
51 005
126, 441
124 175
99, 616

119, 125
60,937
120, 246
111,816
104, 971

163, 198
70, 219
147, 698
150, 147
103, 089

128, 971
65, 517
135, 078
134, 484
100,203

134 954
67, 271
139, 857
137 969
101, 503

50 774
5,442

58 121
11, 854

54 18*5
8,030

46 0*0
8,100

48 528
8,216

48 986
6,990

52 39°
5,998

46 635
8,121

41 536
5,220

58 287
6,804

59 071
5,934

69 477
7,465

69 173
6,851

1,953
1,745
209

1,693
1,492
201

1,640
1,438
202

1,576
1,371
205

1,779
1,545
234

1, 757
1,521
236

1,943
1,696
247

1,634
1,442
193

1,492
1,323
169

1,807
1,615
193

1,639
1,464
175

1,879
1,661
218

1,805
1, 605
200

89, 491
624
447
177

72, 167
542
457
85
77

92, 182
698
564
134
71

63, 133
485
386
99
71

69, 937
552
457
95
70

76, 895
852
712
140
78

82, 103
771
653
118
78

83,118
727
612
115
80

76, 239
1,080
847
233
81

83, 930
518
456
62
77

70, 401
628
563
65
80

78, 972
1,004
784
220
80

83, 393
718
568
150
77

11 732
11 906

11 650
11 395

11 127
11 470

11 422
11 357

11 129
13 010

11 799
10 793

14 605
12 924

11 564
11 399

11 233
11 590

11, 130
11 818

11,689
10 737

12, 456
11 361

11,337
12 097

•tc -inq
37, 342

33, 481

122
66
137
135
96

a

« Revised.
t Revised series. Data for period January 1933-January 1934 inclusive on consumption and stocks of waste paper at mills will be shown in a subsequent issue.
§ The Bureau of the Census has changed the title of the "Boxboard" report to " Paper board" since data actually cover all board of .0012 of an inch or more in thickness
reported by the cooperating manufacturers. Figures given on production and new and unfilled orders are for 94 identical manufacturers; and consumption and stocks of
waste paper for 82 manufacturers. Estimated coverage is given in general footnote below.
* New series. New series on paper board shipping boxes compiled by the Container Code Authority, Chicago, 111., from reports from all members of the industry of
record beginning in January 1934. The volume of companies not reporting each month is estimated by the Code Authority, so as to keep the series comparable. The solid
fiber figures are complete as reported. Prior to January 1934 data covering this industry were compiled by the Paper Board Industries Association.
The figures on paper (including total, fine, and wrapping) are as reported by the American Paper and Pulp Association, except book paper, the data on which are reported
by the Book Paper Division of the Paper and Pulp Industry; they are not comparable with the data carried in the SURVEY from the American Paper and Pulp Association
through December 1933. The present classification of the association differs from that previously used by them, as well as from the Bureau of the Census classification.
In addition to the classes shown, the association also reports on printing paper (including uncoated book), boards, paper board, and newsprint. The first two of these
classifications are not used in the SURVEY, while the Bureau of the Census report is used for paperboard and the Newsprint Service Bureau's report for newsprint (the latter
series is identical with that reported by the association). The ratio of the production reported by the association, the Newsprint Service Bureau, and the Bureau of the
Census (monthly report on paperboard) to the annual figures reported by the Bureau of the Census for 1934 follow: Total paper, 84.5 percent; fine paper, 76.1 percent; wrapping, 109.7 percent (present classification of association is much broader than is Census or earlier association classification); paperboard, 68 percent of all paperboard, but 81
percent of the more comparable classifications of container board and boxboard; book paper, uncoated, 95 percent and coated 100 percent, (book paper estimates are by
association since the data cannot be checked with Census data); and newsprint, 97 percent. Figures for the first 5 months of 1934 on book paper not yet released by the
 association. Data are available for the other series for the months of January to April 1934. These figures will be shown in the August issue.



SURVEY OF CURRENT BUSINESS

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

1935

55

1934

May

May

June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total
long tons
For tiresjf ...
-long tons..
Imports, total, including latexf# long tons..
Price, wholesale, smoked sheets, N. Y.
dol. per lb._
Shipments, world
long tons..
Stocks, world, end of monthf.__long tons__
Afloat, total f
... long tons_.
For United Statesf
long tons
London and Liverpool - . long tons _
British Malaya
long tons
United Statesf .
long tons .
Reclaimed rubber:
Consumption
. long tons .
Production
long tons
Stocks, end of month
.
long tons..
Scrap rubber:
Consumption by reclaimers
long tons..

37, 827

39, 571
30, 195
49, 901

36, 620
27,611
48, 748

30, 035
22, 033
42, 674

30 312
22, 509
32, 700

27,317
19, 864
32, 010

28 526
20, 489
29, 240

31, 358
23, 467
37, 212

32, 996
25, 137
18, 171

42, 864
32, 575
40, 523

38, 868
29, 671
47, 844

38, 997
28, 832
46, 640

40, 913
31, 825
41, 456

673, 290
103, 200
44, 375
167, 745
91, 345
311,000

.120
76, 000

.133
115,000
689, 239
141, 145
57, 921
96, 214
96, 971
354, 909

.134
70, 000
672, 804
110, 478
46, 698
99, 733
102, 045
360, 548

.146
70, 000
676, 200
96, 654
45, 869
105, 989
106 448
367, 109

.155
74, 000
674, 702
97, 349
40 278
105, 290
107 607
364, 456

.154
88, 000
694, 361
113,716
38 831
113,052
103 485
364, 108

.139
68, 000
680, 616
98, 868
38 247
121, 020
101 349
359, 379

.130
76, 000
684, 408
99, 837
38, 625
127, 888
96, 556
358, 000

.129
99, 000
705, 975
124, 976
47 644
134, 927
91 072
355,000

.136
75, 000
698, 153
113, 000
42 066
148, 337
98, 471
338, 345

.129
74, 000
686, 195
103, 000
42, 969
155, 727
94 695
332, 773

.114
67, 000
678, 809
92, 000
44, 485
162, 012
91, 069
333, 728

.115
70,000
674, 905
97, 400
37, 651
165, 064
86, 723
328, 118

8,448
10 223
16, 341

7,980
It) 848
19, 454

7,615
10 820
19, 641

7,006
9 446
22, 035

7,066
8 160
20, 649

5,132
6 974
20, 319

7,097
8 143
21, 079

6,492
7 268
20, 015

7,034
7 353
18, 740

9,583
10 465
17, 743

8,178
10 072
15, 765

8,183
10 549
17, 335

9,210
10, 315
17, 032

30, 705

36, 875

32,709

25, 959

27, 693

TIRES AND TUBES J
Pneumatic casings:
Production
thousands..
Shipments, total
thousands. .
Domestic .
thousands. .
Stocks, end of month
thousands
Solid and cushion tires:
Production
thousands
Shipments, total
thousands. .
Domestic
thousands
Stocks, end of month
... .thousands..
Inner tubes:
Production..
thousands. _
Shipments, total
thousands
Domestic
thousands..
Stocks, end of month..
thousands..
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
thous. of lb._

4,323
5,172
5,049
10 793

4,212
5,071
4,956
9 913

3,252
4,033
3,954
9 154

3,427
4,179
4,091
8 436

2,848
3,087
2,993
8 166

3,188
2,919
2,834
8 397

3,241
3,095
3,026
8 516

3,665
3,015
2,921
9 171

4,488
3,653
3,469
10 086

4,251
3,189
3,112
11 184

4,215
4,078
4,000
11,325

4,376
4,989
4,908
10, 673

19
18
17
29

21
19
19
31

18
18
17
30

18
16
15
33

15
13
13
34

17
15
14
35

16
17
16
33

16
15
14
35

22
20
20
32

18
16
16
32

18
20
20
31

20
22
21
31

4,228
4 755
4 f 663
9,741

3,974
5,150
5,058
8,532

3,425
4,193
4,133
7,812

3,570
4 072
4,003
7,328

3,017
2 934
2,871
7,410

3,123
2 609
2,543
7,907

3,074
2,684
2,630
8,247

3,398
2,765
2,689
8,904

4,131
3,610
3,639
9,332

4,046
3,261
3,200
10, 152

3,999
4,043
3,980
10,094

4,132
4,320
4,252
9,864

18, 785

17, 716

13, 267

13, 724

12, 942

13, 169

15, 382

15, 627

19, 608

18, 059

7,849

8,011

MISCELLANEOUS PRODUCTS
Rubber bands, shipments
thous. of lb._
Rubber-proofed fabrics, production, total
thous. of yd._
Auto fabrics
thous. of yd..
Raincoat fabrics.
thous. of yd..
Rubberflooring,shipments. thous. of sq. ft .
Rubber and canvas footwear: •
Production, total
-thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs
Shipments, total
thous. of pairs..
Tennis
thous. of pairs
Waterproof
.
.thous. of pairs .
Shipments, domestic, total.thous. of pairs. .
Tennis
thous. of pairs
Waterproof ._ _.
-thous. of pairs
Stocks, total, end of month.thous. of pairs. .
Tennis
thous. of pairs..
Waterproof
thous of pairs
Rubber heels:
Production
thous. of pairs..
Shipments, total*
.thous. of pairs
Export
-thous. of pairs
Repair trade
thous. of pairs __
Shoe manufacturers
thous. of pairs..
Stocks, end of month
thous. of pairs..
Rubber soles:
Production
-thous. of pairs
Shipments, total*
thous. of pairs. .
Export
thous. of pairs
Repair trade
thous. of pairs..
Shoe manufacturers
thous. of pairs..
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipments:
Total..
thous. of dol..
Belting
_
thous. of dol._
Hose
thous. of dol._
Other ._
...thous. of dol

298

238

220

237

231

330

209

174

230

228

276

285

3,908
594
1,778
540

3,156
478
1,320
449

3,332
526
1,269
372

4,291
570
1,827
413

4,742
568
2,405
339

5,279
804
2,813
386

3,419
405
1, 552
375

3,334
744
884
411

3,776
286
1,141
268

3,661
287
1,122
286

4,071
256
1,307
366

4,062
305
1,398
466

4,857
2,376
2 481
3,688
2 579
1,109
3,623
2,521
1,102
18, 202
6,026
12 177

4,919
1,819
3 100
2,927
2 084
843
2,874
2 036
838
20,080
7,259
12 821

4,478
1,566
2 912
3,613
1 980
1,633
3,561
1 933
1,629
20, 945
6,846
14 099

3,587
843
2 744
4,611
1 174
3,436
4,594
1 170
3,425
19, 935
6,515
13 419

6,161
1,011
4,150
6,529
1 543
4,986
6,448
1,467
4,982
18, 567
5,983
12 584

3,918
877
3 041
6,498
911
6,587
6,436
857
5,579
15, 858
5,821
10 037

5,078
1,201
3 877
5,525
790
4 735
5,486
758
4,727
15,248
6,085
9 163

4,992
1,165
3,827
4,727
575
4,152
4,653
528
4,125
15, 513
6,675
8 838

4,870
1,570
3,300
5,317
1 258
4,060
5.273
1,240
4,033
15, 177
6,999
8 178

6,668
2,668
2,999
6,379
2,778
3,601
6,250
2 661
3,589
14, 466
6,890
7 576

6,383
3,083
2.300
4,752
3,284
1,468
4,619
3,165
1,454
15, 087
6,690
8 397

6,863
3,673
2,190
6,087
4,023
1,064
6,041
3,997
1,044
16, 854
6,331
9 523

6,415
3,188
2,226
4,210
3,276

17,056
6,241
10, 816

20, 262
19, 658
336
7,471
11,850
35, 602

19, 603
20 120
137
6,928
13, 055
39, 763

19, 412
20 513
426
3,946
16, 142
38, 446

15, 903
15 656
346
4,485
10, 825
38, 997

18, 605
15 493
339
4,936
10, 218
42, 140

13,911
13 219
219
4,079
8,921
42, 652

14, 437
16 889
377
6,238
11, 273
40, 016

13, 922
15 746
326
4,175
11, 244
38, 040

13,428
14 075
359
3,435
10, 281
37, 751

14, 351
16 630

16, 334
15, 260

16, 256
16, 926

17, 17S
18, 764

6,667
10, 667
35,811

4,777
10, 262
36, 950

6,102
11, 385
36, 349

7,405
11,118
34, 869

3 607
3,701
6
505
3,190
3,733

5 040
4,881
1
493
4,387
5,360

4 772
5,050
10
241
4,799
4,955

3 082
3,277
2
318
2,956
4,933

3 601
3,602
2
382
3,218
°4, 894

2 952
3,107
2
455
2,650
4,718

3 239
3,297
13
584
2,699
4,656

3 541
3,617
3
685
3,030
4,528

3 400
3,592
3
630
3,059
4,329

3 705
3,696
9
650
3,037
4,311

3 243
3,601
7
704
2,890
3,948

3,357
3,410
7
563
2,840
3,904

3, 525
3,543
7
631
2,905
3,897

4,944
1,109
1,688
2,147

4,589
959
1,790
1,840

4,424
990
1,583
1,852

3,834
1,001
1,362
1,472

3,923
984
1,399
1,540

3,187
846
1,138
1,203

3,715
996
1,376
1,343

3,094
707
1,078
1,310

3,601
746
1,001
1,854

4,515
871
1,430
2,215

4,261
775
1,372
2,115

5,463
1,006
1,842
2,615

5,711
1,394
1,949
2,368

296

221

439

934

4,170
3,243

927

241

« Revised.
t Data for 1934 are estimated to represent approximately 97 percent of the industry; data are estimated to cover 79 percent of the industry for 1929-33, inclusive, and 75
to 80 percent prior to 1929.
# See footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
• In October 1933, 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 percent. For preceding periods the coverage varied but was about 80 percent. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933
data for the smaller number of firms.
* New series. Earlier data not published on rubber heels and soles prior to December 1932.
t Revised series. Data on consumption of rubber for tires revised for 1932, 1933, and 1934. See p. 51 of the August 1934 issue. Revised data from September 1932-December 1934—rubber world stocks, world afloat, and afloat to the United States appear on p. 20 of this issue. See p. 50 of the June 1933 issue for crude rubber imports.




SURVEY OF CURRENT BUSINESS

56
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
May

July 1935

May

June

July

August

1935

Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

STONE, CLAY, AND GLASS PRODUCTS
BRICK
Common brick:
Price, wholesale, red, N. Y.
dol. per thous..
Shipments*
thous of brick
Stocks* __ _
thous of brick
Face brick (average per plant):
Orders, unfilled, end of mo.
thous. of brick..
Production (machine)* thous. of brick-Shipments .
thous of brick
Stocks, end of monthfthous. of brick- _
Sand-lime brick:
Orders, unfilled, end of mo.
thous. of brick-_
Production
thous. of brick-.
Shipments by rail
thous of brick
Shipments by truck
thous of brick
Stocks, end of month
thous. of brick- .
Vitrified paving brick:
Shipments*. _
thous of brick
Stocks*
thous of brick

9.63

10.50
64 515
401, 493

10.50
61 078
405 713

10.50
61, 101
420, 716

10.50
68, 083
422, 641

10.50
62, 405
417, 025

10.50
77, 698
412,589

10.50
64, 508
419, 833

10.50
48, 188
412, 449

10.50
38, 281
400, 529

381
293
255
2,107

621
137
197
2,450

545
158
180
2,380

503
179
181
2,300

405
131
208
2,333

369
158
172
2,292

351
203
217
2,217

322
218
143
2,303

233
120
115
2,306

254
64
64
2,310

258
71
97
2,318

289
95
138
2,282

367
177
229
2,133

810
1,821
125
1,754
1,374

605
1,340
60
1,346
1,324

425
1,228
44
965
1,434

155
1,219
45
848
1,351

148
1,137
45
1,045
1,959

140
1,164
42
1,121
2,091

175
920
83
889
1,877

850
1,651
552
1, 105
2,715

140
199
32
531
1,561

100
175
0
350
1,317

100
155
13
266
1,363

925
115
20
414
811

850
345
104
343
346

8,024
79 563

12,451
76, 019

9,960
78, 047

10, 339
77, 396

8,773
77, 701

6,831
77, 416

4,993
76, 156

1,806
77, 866

1,601
79,711

1,167
79, 494

1,338
77, 039

3,307
80, 358

1.570
8,554
37.5
8,784
21,301
6,304

1.650
8,813
39.8
8,541
21, 600
6,424

1.650
8,144
35.7
7,898
21, 852
6,588

1.650
7,842
34.5
8,249
21, 424
6,332

1.650
7,680
34.8
7,388
21, 734
5,975

1.650
6, 675
29.3
8,439
19, 972
6,055

1. 650
5,779
26.2
5,674
20, 078
6,213

1.650
4,447
19.5
3,104
21, 460
6, 137

1.650
3,202
14.1
2,846
21, 847
6,318

1.650
3,053
14.9
2,952
21, 899
6,348

1.658
4,299
18.9
4,878
21, 289
6,343

1.667
6,136
27.9
a
6, 198
a
21,219
0
6, 122

3,250
56.7
3 201
7,581

3, 156
55.0
3, 168
7,548

3,115
56.5
2,991
7,616

3,169
53.2
3,083
7,666

2,859
54.0
3,260
7,231

3,132
52.6
3, 106
7,210

2, 855
51.8
2,537
7,481

2,922
53.0
2,430
7,871

2,935
49.3
2,679
7,990

2,639
49.9
2,584
8,010

2,946
51.4
2,963
7,955

3,113
54.3
2,956
8,060

10.44
10.00
38, 291 a 60, 987
387, 462 "363, 458

10.00
74, 715
341, 045

PORTLAND CEMENT
1.667
Price, wholesale, composite
dol. per bbl
Production
thous. of bbl- . 8,222
Percent of capacity
36.1
shipments
thous. of bbL.
7,428
Stocks, finished, end of month, thous. of bbl. 22, 014
6,367
Stocks, clinker, end of month. thous. of bbl-

GLASSWARE, ETC.
Glass containers: #
Production
thous. of gross..
Percent of capacity
Shipments
thous of gross
Stocks, end of month
thous! of gross-Illuminating glassware:*
Orders:
New and contract
number of turns_Unfilled, end of month
number of turns. _
Production
number of turns. _
Shipments:
Total. _ _
number of turns
Percent of full operation
Stocks, end of month
number of turns- _
Plate glass, polished, production f
thous. of sq. f t _ .

3,401
59.3
3,245
8,141
1,965

1,491

1,553

1,453

1,423

1,411

2,184

1, 990

1,681

1,774

1,850

2,115

2,020

2,623
2,022

1,858
1,512

1,951
1,276

2,205
1,062

2,216
1,453

2,235
1,188

2, 540
1,844

2,456
2,022

2,305
1,877

2,252
1,638

2,356
1,774

2,611
1,902

2,608
2,065

1,927
75.1
5,097

1,427
55.6
4,735

1,446
56.3
4,641

1,105
43.1
4,610

1,390
49.9
4,649

1,427
55.6
4,457

1,880
73.3
4,432

1, 999
77.9
4,475

1,851
72.1
4,525

1,691
65.9
4,487

1,685
65.6
4,624

1,791
69.8
4,795

1,920
74.8
4,945

14, 582

7,764

6,520

7,242

7,450

6,738

7,512

6,587

8,390

13, 365

13, 723

16, 532

16, 999

GYPSUM*
Crude (quarterly):
Imports
short tons..
Production
short tons
Shipments (uncalcined)
short tons
Calcined (quarterly):
Production short tons
Calcined products (quarterly):
Shipments:
Board, plaster (and lath) thous ofsq ft
Board wall
thous of SQ ft
Cement Keenes
short tons
Plasters, neat, wood fiber, sanded, gaging finish etc
short tons
For pottery, terra cotta, plate glass, mixing plants, etc
short tons-Tile partition
thous of so ft

92, 703
439 953
173 218

88, 408
450, 364
145 404

101, 805
334, 318
99, 956

10, 730
292, 406
84, 853

325, 958

257, 048

234, 735

233, 852

31, 591
76 218
4 258

32, 601
44 612
3,501

32, 904
49, 793
2,866

29, 937
51,362
2,997

226 405

188, 314

162, 020

165, 970

29, 437
2 426

24, 681
1 721

23, 985
1,550

29, 142
2,302

TERRA COTTA
Orders, new:
Quantity. ._
Value

short tons
thous. of doL-

791
93

996
95

1,630
122

964
83

1,382
84

515
50

761
65

539
41

1,090
82

967
80

41, 588
392, 212

39, 383
388, 972

37,513
385, 898

44, 272
378, 533

38, 068
369, 641

38, 139
367, 166

35, 643
363, 347

28, 817
370, 116

25, 795
363, 291

795
66

1,440
133

23, 111 « 29, 931
353, 774 -350,710

38, 388
346, 459

934
80

TILE
Hollow building tile:*
Shipments
Stocks

short tons
short tons..

* New weries. Earlier data not published on illuminating glassware prior to July 1932 (except production and percent of capacity); for earlier data see p. 20 of the June
1933 issue, face brick, machine production. Series on common and vitrified paving brick and tile beginning January 1934 were shown on p. 20 of the June 1935 issue. For
earlier data on gypsum see p. 20 of the January 1933 issue.
t Adjusted for degrading and year-end physical inventories.
f Data on plate glass represent the total output of the industry. Complete figures for the months of 1932 were shown on p. 52 of the March 1933 issue, and for 1966 on
p. 52 of the March 1934 issue.
.
, , . _
, .,
,
# Series on glass containers are not comparable for 1934 and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for tne year of
1933 amounted to 33,056,706 compared with 23,511,963 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies, now reporting by years,
from 1928 to date were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are not available for
this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly figures prior to 1934
had a downward bias. Basis of estimating capacity was changed in computing the new series. Data beginning January 1934 revised see p. 52 of the May 1935 issue.




57

SURVEY OF CURRENT BUSINESS

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

1935
May

1934
May

June

July

1935

August Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

TEXTILE PRODUCTS
CLOTHING
Hosiery:*f
Production
thous. of dozen pairs..
Shipments
thous. of dozen palrs_Stocks, end of month
thous. of dozen pairs _ _
Men's and boys' garments cut:
Overcoats
thous. of garments
Separate trousers
thous. of garments
Suits
- -thous. of garments

9,203
9,124

10, 132
9,611

8,474
8,458

6,674
6,349

7,838
8,666

6,989
8,078

9,564
9,791

9,466
9,308

8,001
8,220

9,996
8,588

9,214
8,732

9,692
9,768

9,392
9,180

19,040

18, 742

18, 845

19, 164

18, 332

17,238

17, 006

17, 159

16, 934

18, 343

18, 825

18, 749

18, 962

469

519

363

360

421

296

520

477

414

547

478

481

463

279

285

459

306

253

454

616

572

466

323

1,398
11

4,958
8

7,920
12

9,030
8

COTTON
Consumptionf
thous. of bales..
Exports:
Quantity, exclusive of linters
thous. of bales _ _
Ginnings (total crop to end of month)
thous. of bales Imports^
thous. of bales..
Prices:
To producer
dol. per lb_.
Wholesale, middling, N. Y_— dol. per lb_.
Production, crop estimate thous. of bales
Receipts into sight^
thous. of bales
Stocks, end of month :f
Domestic, total mills and warehouses
thous. of bales _ _
Mills
_thous. of bales
Warehouses
thous of bales
World visible supply, totaL.thous. of bales. .
American cotton
thous. of bales

390

318

8

9,472
10

9

.122
.126

.115
.115

.117
.117

482

d

9, 380
8

.123
.127

504
1

374

420

227

10

15

10

100
11

.120
.123

.110
.114

.116
.123

.123
.129

.131
.134

.131
.131

.125
.125

,123
.126

274

515

339

432

527

1,676

2,283

1,498

.124
.127
0
9 636
977

7,539
979
6 560
5,593
3,720

7,982
1,422
6 560
7,959
5,541

7,311
1,326
5 985
7, 362
5 040

6,794
1,228
5 566
6,950
4,737

6,905
1,081
5 824
6,639
4,532

8,673
1,057
7 616
7,210
5,225

10, 521
1,140
9 381
7,963
6,037

11, 089
1,294
9 795
7,955
6,086

10, 940
1,300
9 641
7,819
5,962

10, 158
1,194
8,964
7,482
5,565

9,534
1, 161
8 373
7,197
5, 132

8,902
1, 117
7 785
6,881
4,715

8,263
1,061
7,202
6,124
4,169

.301
.448

.298
.435

.308
.435

.315
.435

.316
.435

.312
.435

.304
.425

.309
.415

.306
.415

.299
.410

.297
.414

.296
.415

22, 792
3 817

21, 223
1 701

15, 647
1 944

14, 456
2 108

17, 330
2 512

16, 423
2 592

16, 857
3 517

16, 444
4 353

15, 484
5,474

15, 848
7 727

18,713
7 118

16, 285
5 903

9, 174
10

COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
22/ls, cones (Boston)
dol. per lb_.
.305
40/ls, southern spinning*
dol. per lb_.415
Cotton goods:
Cotton cloth:
Exports§
--thous. of sq.yd_._ 16, 539
Imports#
thous ofsq yd
5 460
Prices, wholesale:
Print cloth, 64 x 60
dol per yd
062
Sheeting, brown, 4 x 4 (Trion mill)
.074
dol. per y d _ _
Cotton cloth finishing:*
Production:
Bleached, plain
-thous. of yd-- *>144, 900
Dyed, colors
___thous. of yd_. H08, 000
Dyed, black...
thous. of yd.. P5, 956
Printed
thous. of yd._ »105, 000
Stocks:*
Bleached and dyed
thous. of yd__ 297, 776
Printed
thous. of yd._ 111,926
Spindle activity:!
Active spindles
thousands
23 028
Active spindle hours, total
millions of hours _ _
6,095
Average per spindle in place
hours _.
199
Operations
percent of capacity
83 4

063

064

067

071

074

070

066

068

067

065

062

061

.077

.076

.077

.079

.082

.081

.078

.077

.077

.076

.074

.073

137, 053
97, 838
5,834
114,803

106, 741
73, 954
4,885
83, 414

101, 015
66, 472
5,686
75, 833

113, 209
73, 651
5,738
84, 499

111,581
73, 407
6,162
90, 772

134, 386
89, 420
7,985
126, 384

126, 726
87, 679
6,693
114, 139

128, 898
87, 992
6,114
107, 379

145, 390
107, 283
6,999
120, 203

137, 335
104, 987
6,013
117, 780

148, 710
119, 107
6,797
122, 548

o!44, 429
«112, 883
«6, 218
«104, 597

310, 471
107, 128

314,413
118, 034

310, 039
109, 756

269, 461
101, 057

266, 886
101, 083

277, 030
108, 830

298 233
111, 758

284, 473
107, 585

288, 864
100, 008

276, 863
97, 232

291, 481
97, 732

297, 866
103, 500

25 896

24 621

24 418

24 154

22 113

25 095

25 051

25 057

25 146

24 925

24 571

23 854

7,268
234
98 0

5, 241
169
72 6

5,152
167
74 3

5,753
186
76 8

3,716
120
54 3

7,185
233
97 1

6,703
217
94 0

6,027
195
87 1

7,510
244
102 6

6,575
213
100 2

6,663
216
92 9

6,058
197
85 3

RAYON AND SILK
Rayon:
Deliveries:*
Unadjusted __
1923-25=100
417
382
441
334
307
488
295
286
308
386
553
274
305
Adjusted
1923-25 = 100-.
439
304
221
574
287
387
279
264
382
357
429
565
440,
3-mo. moving average of adjusted index
1923-25 = 100..
322
95
316
288
523
370
336
453
509
410
310
375
327
4
11
6
9
12
Importst#
thous o f l b
27
29
25
24
22
30
26
16
Price, wholesale, 150 denier, "A" grade
(N. Y.)
dol. per lb__
.55
.55
.55
.55
.55
.55
.55
.57
.60
.55
.60
.60
.60
Stocks, imported, end of month
thous. of lb._
272
440
275
276
264
262
372
280
265
263
262
262
Silk:
Deliveries (consumption)
. bales
38, 361 38 740
32, 021
36, 247
32, 599
49, 106
37 548
40 941
47, 443
41 732
44 347
33 069
39 757
Imports, r a w j #
thous. oflb-.
5,545
5,176
4,731
6,846
4,719
2,566
5,658
5,387
7,219
5,278
5,037
6,516
4,905
Prices, wholesale:
Raw, Japanese, 13-15, N. Y.dol. per lb._
1.418
1.284
1.292
1.125
1.185
1.139
1.133
1.358
1.432
1.199
1.348
1.327
1.391
Silk goods, composite.
.dol. per yd-_
.92
.96
.92
.93
.93
.93
.95
.96
.94
.92
.93
.96
.96
Stocks, end of month:
World visible supply
bales
207, 000 268 000 259 000 272, 000 285, 000 285, 000 277, 800 275 000 272 300 258 500 234 457 223 548
220 577
United States (warehouses)
_. bales ._ 36, 762
61, 060
58, 694
76, 645
66, 479
76, 502
37,587
59, 048
66, 268
65, 934
48, 516
48, 727
36, 583
0
d
Revised.
t> As of Dec. 13.
As of Jan. 16.
* Preliminary.
* New series. Hosiery compiled by the Hosiery Code Authority and estimated to represent 95 percent of the industry. Data available from November 1933 to date, except
for shipments for which data are available back to 1929. Complete data for 1934 were shown on p. 53 of March 1935 issue. Complete data on shipment s will be shown in
a subsequent issue. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry; comparable
figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at end of each 4-week period. Data
on cotton yarn, southern spinning from January 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1928-April 1935 were shown on
p. 19 of the June 1935 issue.
1 For revisions for crop years 1931-32, 1932-33, and 1933-34, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, and p. 53 of the October 1934 issue,
respectively.
t For revisions of cotton consumption, domestic stocks and spindle activity for crop year 1931-32, see p. 20 of the February 1933 issue, for crop year 1932-33, see pp. 52
and 53 of the November 1933 issue, for crop year 1933-34, see p. 53 of the October 1934 issue.
§ For 1932 revisions see p. 53 of the June 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue.
# See footnote on p. 37 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data at the end of
succeeding 4-week periods.
t For 1932 revisions see pp. 53 and 54 of the June 1933 issue, and for 1933 revisions see p. 20 of the October 1934 issue.




58

SURVEY OF CURRENT BUSINESS

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

1934

1935

May

July 1935

May

June

July

August

1935

1
Novem- Decem- January
Se
berm"i! October
ber
ber

|j?yU~

March

52.2
51.8

45.8
51.4

40 5
40.5

* 44, 858 » 57, 065 > 58, 370 * 51, 616 * 65, 006
17, 700
22, 200
22, 200
19, 300
23. 100
5,074
4,964
8,583
11, 964
13, 939

* 62, 066
21.800
15, 459

April

TEXTILE PRODUCTS—Continued
RAYON AND SILK— Continued
Silk^manuf actur ing :
Operations, machine activity:
Spinning spindles:*
All
percent of capacity
5-B
percent of capacity _ _
Weaving:
Broad loomst
percent of capacity..
Narrow loomst
percent of capacity
Silk piece goods:*
Commission mills:
New orders
yards per loom..
Production
yards per loom
Shipments
yards per loom..
Stock-carrying mills:
Production
yards per loom__
Shipments
yards per loom..
Stocks end of month yards per loom _
Still to come off looms yards per loom..

44.4
45.8

46.8
45.8

449.0
550.8
536.5

342.0
512.3
481.6

425.7
520.0
534.7

320.2
325.9
830.9
387.2

325.6
367.6
853.8
393.5

320.9
399.4
787.5
480.9

31.5
39.5

41.5
37.2

40.3
37.1

28.0
37.8

43.2
47.4

38.1
29 0

46.5
25.6

42.9
24.9

41.7
29.7

25.0
18.7

48.1

247.3
434 2
411.7

278.4
458.5
426.1

290.2
409.9
414.8

428.7
462.2
456.4

242.3
232.2
248.2

269.7
357.7
890 3
378.5

WOOL
Consumption:
Total, grease equivalent basis!
thous. of lb__ » 70, 617
Apparel class, scoured basis*..thous. of lb._ 25, 400
Imports, unmanufactured§#
thous. of lb._ 15, 778
Operations, machinery activity:*
116
Combs, worsted
percent of capacity..
Looms:
59
Carpet and rug
percent of capacity..
Narrow
percent of capacity _ _
28
Wide
percent of capacity. _
76
Spinning spindles:
Woolen
percent of capacity..
83
Worsted
. .percent of capacity..
71
Prices, wholesale:
Raw, territory, fine, scoured
dol. per Ib
.68
Raw, Ohio and Penn., fleeces. _.dol. per Ib
.26
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd
1.522
Women's dress goods, French serge, 54" (at
factory)
dol. per yd..
.990
Worsted yarn, 2/32s, crossbred stock, Boston
dol. per Ib
1.06
Receipts at Boston, total A.
thous. of Ib.. 19, 701
Domestic
thous of Ib
17, 246
ForeignA
thous. of lb._
2,455
Stocks, scoured basis, end of quarter:*"}
Total
thous of Ib
Domestic
thous. of Ib
Foreign
..
thous. of lb._
Combing
thous of Ib
Clothing
thous. of Ib

40.0
38.9

296.3
257.8
977.3
372.8

270.0
286.9
1, 004. 5
327.4

292.0
400.3
952.2
320.0

174.7
318.5
818.6
324.5

28, 213
12, 700
7,458

26,213 & 27, 254 * 28, 495
11, 000
9,900
9,200
7,632
8,003
7,046

b

23, 467
8,200
7,567

b

34, 065
12, 800
8,850

55.0
50.3

-45

40

37

38

29

49

82

95

100

89

95

111

°40
°40

46
30

23
29

28

45

36
28

51

48

28
26

53

30
18

34
34

54

35
24

45
31

"54

33
26

52
29

58
27

"65
°38

71
29

71
31

72
26

45
21

63
35

66
48

71
65

85
74

92
71

81
61

76
63

.84
.33

.84
.31

.84
.31

.76
.31

.76
.30

.76
.28

.76
.28

.76
.27

.76
.26

.69
.25

.66
.23

.64
.23

1.634

1.634

1.634

1.634

1.634

1.460

1.485

1.510

1.510

1.510

1.510

1.510

1.119

1.139

1.139

1.139

1.139

1.139

1.101

.990

.990

.990

.990

.990

1 31
13, 877
12 025
1,851

1.28
35, 345
33 512
1,833

1.26
59, 972
58, 962
1,010

1.21
23, 673
22 987

1.18
14, 829
13 942

1.17
12, 744
12, 033

1.11
11, 053
10, 687

1.10
5,758
4,826

887

711

366

1.10
5,177
4,478

1.08
3,730
2,380
1,350

1.05
6,507
4 626
1,881

1 05
8,95]
7 141
1,810

687

932

81

699

88

170, 004
149, 016
20, 988
113, 751
56, 253

192, 345
168, 344
24, 001
135, 706
56, 639

176, 292
148, 330
27, 962
116 844
59, 448

63

82

73

134 455
115,216
19, 239
88, 163
46,292

MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity. _
Stocks, end of month
thous. of gross
Elastic webbing, shipments.. -thous. of dol_.
Fur, sales by dealers
. thous. of dol
Pyroxylin-coated textiles (artificial leather) :
Orders, unfilled, end of month
thous. linear yd..
Pyroxylin spread
thous. of Ib
Shipments, billed
thous. of linear yd..

p2~733

"67.2
• 7, 135
858
1,842

40.0
7,118
705
1,644

23.7
6,791
646
2,038

34.5
6,634
840
2,669

37.0
6,432
817
2,220

43.1
6,296
929
1,797

48.4
6,396
823
1,887

41.1
6,236
815
1,386

44.8
8,676
956
1,799

50.3
8,536
949
1,942

49.3
8,357
1,018
2 271

45.9
8 258
1,060
°2 301

2,368
4 280
4,606

3,139
3,350
3,327

3,224
2,706
2,645

3,323
2,972
2,649

3,065
3,654
3,059

3,050
3,294
3,031

2,930
3,325
3,125

2,988
3,257
2,833

2,787
3,337
3,197

3,036
4 214
3,738

2,993
4 444
4,057

2,822
4 829
4,691

2,654
4 600
4,328

111
57
42
12

83
47
21
15

85
51
15
19

99
56
28
15

165
86
41
38

37.8
8, 188

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
Commercial (licensed) .
Military (deliveries)
For export

number..
number
number
number

183
102
57
24

205
122
65
18

155
105
19
31

191
102
8
81

180
81
15
84

120
60
24
36

• Revised.
# See footnote on p. 37 of this issue.
» Preliminary.
*> Since July 1934 report has been on a weekly basis. Data for September and December 1934 and March 1935 are for 5 weeks; other months, 4 weeks. Figures for July
and succeeding months are computed from Census Bureau figures so as to represent 100 percent of the wool industry; earlier figures incomplete.
f Compiled by the Silk Code Authority (Ihe National Federation of Textiles, Inc.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40
hours each). Data are not comparable with the serires previously shown in the Survey which were based on a smaller sample and computed on the basis of a 48-hour week.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 19 of the April 1935 issue, excepting for yardage on looms, which is shown on p. 20 of the August 1934 issue. Wool stock series began
in June 1934. See p. 20 of this issue for earlier data and explanation of new wool consumption series.
* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed normal (currently based on the single-shift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry. No allowance for holidays in January 1934, January 1935, and December 1934. Conversion will be made for earlier
months (since effective date of code) at a later date.
* Foreign receipts for year 1934 are compiled by U. S. Department of Agriculture and are not comparable with data carried through December 1933. This results in a
total figure which also is not comparable with earlier data.
1 Compiled by the Bureau of the Census and represent stocks of raw wool held by all dealers, topmakers, and manufacturers who usually hold significant stocks of wool.
The figures for the 3 quarters of 1934 have been revised to include the "grade not stated."
I Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool is multiplied by 2 and pulled wool by 1H- Includes
clothing and carpet wools. See note on apparel class wool on p. 20 of this issue. As this grease series will probably be dropped in favor of the more accurate scoured series,
it is suggested that those who wish to keep series going have their names placed on Bureau of the Census mailing list for the monthly wool consumption report, from
which can be computed data, using formula given.
§ For 1932 revisions see pp. 53 and 54 of the June 1933 issue, and for 1933 revisions see p. 20 of the October 1934 issue.




SURVEY OF CURRENT BUSINESS

July 1935
Monthly statistics through December 1931,
together with epxlanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935

59

1934

May

May

June

1935

August Septem- October Novem- Decem- January Februber
ber
ary
ber

July

March

April

TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES*
Exports:
Canada:
Automobiles, assembled
number. Passenger cars
number _
United States:
Automobiles, assembled, total §
number..
Passenger cars§
.
number _
Trucks§
number..
Financing:
Retail purchasers, total
thous. of dol..
New cars
thous. of dol_.
Used cars .
thous. of dol _.
Unclassified
thous. of dol
Wholesale (manufacturers to dealers)
thous. of dol. .
Fire-extinguishing equipment:!
Shipments:
Motor-vehicle apparatus
number _.
Hand-types
_
number..
Production:
Automobiles:
Canada, total
number.
Passenger cars. .
number-United States, totalf.number-Passenger carsf
-- number..
Taxicabs*.
number—
Trucksf
-- number..
Automobile rims
thous of rims
Registrations:
New passenger carsf
number. .
New commercial cars*.number..
Sales:
General Motors Corporation:
To consumers
number..
To dealers, total^
number. _
U. S. dealers
number-Shipments, accessories and parts, total*
Jan. 1925=100..
Accessories, original equipment
Jan. 1925= 100_.
Accessories to wholesalers._Jan. 1925= 100..
Replacement parts
Jan. 1925=100
Service equipment
Jan. 1925=100

6,499
5,088

4,205
3,185

5,255
3,970

6,555
4,692

3,517
2, 532

3,343
2,285

3,778
2,754

1,929
1,140

641
367

1,585
1,366

4,858
4,342

9,355
6,665

6,356
5,194

19, 895
13, 604
6,291

24, 670
16, 058
8,612

24, 887
18, 071
6,816

23, 959
17, 621
6,338

19, 827
12, 522
7,305

17, 766
10, 236
7,530

15, 552
8,040
7,512

16,280
9 208
7,072

15, 420
8,279
7,141

17, 626
11,035
6,591

21, 827
15, 067
6,760

29, 806
20, 986
8,820

26, 433
18, 341
8,092

107, 821
67, 631
38, 227
1,963

99, 591
67,991
29, 763
1 837

99, 114
68,842
28, 401
1,871

95, 485
65,093
28, 601
1 791

87,700
58, 029
28, 028
1 643

67,209
43, 250
22,708
1 252

68, 224
42, 738
24, 127
1 360

55, 303
33, 784
20,399
1 120

43, 789
24, 761
18, 016
1 012

56, 152
35,937
18, 955
1,260

66, 419
42, 779
22, 285
1,355

« 95, 184
« 61, 722
« 31, 607
1,856

132, 074

123,691

102, 706

90, 294

85, 108

55, 586

45,363

29,730

36, 530

93, 830

40
33, 860

25
28,915

36
22, 264

32
22, 183

45
21, 495

39
23, 056

31
24,007

25
31, 219

40
21, 536

30
25, 169

22
20, 697

36
21, 713

47
29, 796

20, 765
17, 093
364, 721
307, 522

20, 161
16, 504
330, 455
273, 764

13 905
10,810
306, 477
261, 280

11, 114
8,407
264, 933
223, 094

9 904
7,325
234,811
183, 500

5 579
4,211
170, 007
125 040

3 780
2,125
131, 991
84,003

1 697
1,052
83, 482
49, 020

2 694
2,443
153, 624
111,061

10, 607
8,269
292, 817
229, 233

18 114
13,885
335, 699
275, 623

21, 975
18, 179
429, 834
361, 816

24, 121
20, 686
" 477, 746
401, 628

57, 199
1 561

56, 691
1 140

45, 197
1 016

41, 839
1 155

51,311

44 967

47, 988

526

630

34, 462

678

42, 563
1 199

63, 584
1,869

60, 076
1 616

68, 018
1,724

"76,118
1 907

293, 201 °219, 025
47, 968
39 831

223, 642
34, 778

228, 760
37, 490

193, 828
40, 790

146, 931
37 225

140, 880
40, 878

107, 648
28, 689

75, 514
24, 125

136, 635
34, 759

170, 615
34, 797

261,477
41,511

319, 652
46, 785

109, 051
134, 597
105, 159

95, 253
132,837
103, 844

112,847
146, 881
118, 789

101, 243
134, 324
107, 554

86, 258
109, 278
87, 429

71 648
71, 888
53, 738

69, 090
72, 050
50,514

62, 752
61,037
39, 048

41, 530
41, 594
28, 344

54, 105
98, 268
75, 727

77, 297
121, 146
92, 907

126, 691
169, 302
132, 622

143, 909
184, 059
152, 946

132

115

106

99

92

81

79

77

99

113

123

135

147

132
132
148

112
83
143

101
96
135

95
82
127

85
101
134

71
101
129

66
107
135

66
124
123

101
110
103

115
92
126

123
102
145

142
101
144

56

55

65

70

72

156
110
144

86

71

180, 524
1 873
283,310
15 4

189, 700
1 989
301, 368
15 4

2,228
46 099
10, 582
23 0
63
156

2,341
49 395
11, 080
22 8
37
218

83

752

67

68

189,426
1,985
298, 846
15.3

188,491
1,971
299, 780
15 5

2,334
49, 211
10, 803
22.3
40
224

2,310
48, 587
10, 789
22 3
70
568

106, 054 « 145, 574

60

61

186,889
1 949
293, 173
15 3

186, 117
1 938
296, 418
15 5

185, 497
1,932
297, 546
15 6

184,898
1 925
295, 947
15 6

183, 363
1 907
290, 709
15 5

182, 685
1,900
285, 256
15,2

182, 117
1 892
277, 451
14 9

182, 773
1,888
274, 775
14 8

2,297
48 209
10, 771
22 4
62
439

2,285
47 782
10, 616
22 2
48
475

2,278
47, 553
10, 676
22 5
62
291

2,271
47 329
10, 718
22 7
68
292

2,251
46 869
10, 344
22 1
81
543

2,243
46, 636
10, 419
22.3
80
261

2,236
46 363
10, 423
22 5
64
337

2,232
46, 237
10, 389
22.5
45
171

"a113, 026
73, 058
a
37, 929
<*2 039
« 159, 930

88

RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity.
_. .mills, of lb._
Number, total
thousands
Bad order, total
_ number _
Percent of total in bad order
Locomotives, railway:
Owned:
Tractive power
mills, of Ib
Number.
number
Awaiting classified repairs. number. _
Percent of total
Installed
number-Retired
number
Passenger cars:
On railroads (end of quarter) . number _
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads.— cars. .
Orders, unfilled, total.
cars..
E quipment manufacturers
cars - _
Railroad shops
cars..
Shipments, total
cars..
Domestic..
cars..
Locomotives, industrial electric (quarterly):
Shipments, total.. .
.. . number
Mining use
number
Locomotives, railway:
Orders, new, placed by railroads
number __
Orders, unfilled, end of month:
Equipment manufacturers (Census)
total
number..
Domestic, total
number
Electric . .
.
number
Steam
_..
number
Railroad shops (A. R. A.) .. .number..
Shipments:
Domestic, total
number
Electric
number
Steam
number
Exports, total t
number
Electric
number
Steam
_
number..

45, 278
2
1,477
549
928
1,031
401

517
21, Oil
15, 174
5,837
191
190

1,217
17, 813
12, 516
6,297
1,618
1,616

0
13,755
9,607
4,148
3,129
3,059

113
8,372
5,525
2,847
4,186
4,184

70

4
5,495
3,422
2,073
3,331
3,329

75
3,080
1,795
1,285
1,788
1,768

4
1,771
959
812
768
748

24
818
399
419
121
65

806
427
113
314
99
99

0
444
30
414
143
143

600
1,447
533
914
334
162

30

63

87

2,231
46, 192
10, 537
22 8
62
106

39

63

87

70

360
62S
53
575
999
995

0

42,420

« 43, 342

44,363

181, 396
1,883
284, 728
15 4

2

17

3

0

5

1

5

69

0

0

1

8

2

68
62

136
125

137
126

133
122

127
115

118
106

127
125

127
121

101
20

96
13

102
97

91
86

61
61

135
123

115
109

59
67

83
77

8

0

0

20

0

0

0

0

0

0

0

1

17

31

2

6

4

11

2

0
6
8
7
1

2
2
17
14
3

13

16

21

13

12

16

61
1

14
3
13
12
1

60
65

31

o

12
11
1

o

14
10
4

59
64

56
59

3
10
8
8
0

56
60

2
Q
6
3
3

89
36

0
16
28
17
11

3
18
4
3
1

6
7
9
6
3

84
13

12

o

5
4
1

78
8

11
5
8
7
1

74
3

1

11

6
5
22
12
10

° Revised.
* New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars.
t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 1932 exports
of locomotives. Data on automobile production revised for 1933. See p. 55 of the August 1934 issue. For revised data for 1934 see pp. 55 and 56 of the June J935 issue,
t Index of sales of new passenger cars is shown on p. 26 of this issue.
§ Data revised for 1932. See p. 54 of the June 1933 issue. Data revised for 1933. See p. 20 of the September 1934 issue.
• Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies
1 United States and Canadian dealers, plus overseas shipment.




SURVEY OF CURRENT BUSINESS

60
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1934

1935
May

Julv 1935

May

July

June

August

1935

Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT— Cont.
Equipment rnanuufacturing— Continued.
Passenger cars:
Orders, new, placed by railroads
number. _
Orders, unfilled (end of quarter)
number
Shipments, total
.number _ .
Domestic
_
_ , number
ELECTRIC TRUCKS AND
TRACTORS
Shipments, industrial, total
number. _
Domestic
number
Exports _
number SHIPBUILDING
United States:
Merchant vessels:
Under construction.thous. of gross tons. ,
Completed during month
total gross tons. _
Steel
total gross tons
World (quarterly):
Launched:
Number
ships
Tonnage
thous of gross tons
Under construction:
Number
ships
Tonnage
thous. of gross tons

0

47

0

9
9

0
0

118
0
0

67
65
2

63
60
3

65
64
1

2

0

5
5

56
56

193
38
38

29
27
2

38
37
1

39
36
3

0

0

0

0

41
41

2
2

182
44
29

45
43
2

24
23
1

50
45
5

0

0

0

55

61
61

10
10

76
13
13

41
41

42
42
0

58
57
1

59
56
3

75
70
5

20

46

38

35

33

32

33

49

50

38

36

30

20

22, 026
15, 801

11,958
9,843

7,535
3 256

10, 970
7,877

5,156
2,907

49, 975
1,601

2,441
1,555

2,370
858

2,430
447

3,103
2,097

4,483
3,740

14, 510
11, 344

12, 640
8,543

99
145

129
307

124
384

112
279

288
1 216

296
1,311

271
1,252

325
1,270

CANADIAN STATISTICS
Business indexes: *
Physical volume of business
1926 = 100_.
Industrial production, total-- 1926 =100__
Construction tl
- - 1926=100
Electric power
_ 1926=100Manufacturing
_ 1926 = 100
Forestry
1926=100
Mining t
1926 — 100
Distribution
1926=100
Carloadings
_
1926=100
Exports (volume)
1926=100
Imports (volume)
1926=100
Trade employment
1926= 100_ _
Agricultural marketing
1926= 100_ _
Grain marketings .
_ _ 1926 = 100
Livestock marketings
1926 = 100_ _
Commoditv prices:
Cost of living index $ .
1926=100
Wholesale price index#
1926—100
Employment, total (first of month). 1926= 100_ .
Construction and maintenance. 1926 = 100__
Manufacturing
1926=100
Mining
_ _
1926=100
Service
1926 = 100_ _
Trade
1926=100
Transportation
1926—100
Finance:
Banking:
Bank debits. _
mills, of dol
Interest rates
_ _
1926=100
Commercial failures *
number
Security issues and prices:
New bond issues, total
thous. of dol__
Bond yields
percent. Common stock prices, total f _ 1926= 100_ _
Foreign trade:
Exports
thous. of dol. _
Imports
thous. of doL _
Exports, volume:
Wheat
thous. of bu_ _
Wheat
flour
thous of bbl
Railway statistics:
Carloadings
thous. of cars. _
Financial results:
Operating revenues.
.thous. of doL.
Operating expenses _
thous. of dol
Operating income
thous. of dol. .
Operating results:
Freight carried 1 mile
mills, of tons
Passengers carried 1 mile .mills, of pass.
Commodity statistics:
Production:
Electrical energy, central stations
mills, of kw.-hr_.
Pig iron
thous of long tons
Steel ingots and castings
thous. of long tons..
Wheat
flour
thous. of bbl..

103.2
104.4
38. 1
198.1
105. 1
108 7
147 6
100 5
73.4
84 1
84 0
121.2
86.3
85.4
90.6

99.6
99.9
34.3
188.5
100.2
103 6
146 3
98 5
75 6
79 6
82 8
117.8
130.6
140. 1
87.8

95.8
95.2
25. 1
185.7
98. 7
100 1
127 3
97 5
73.4
77 1
73 1
119. 6
97.2
99.6
86.7

95.7
95.6
34.8
180.6
99.0
96 7
117 2
96 2
72.3
76 7
72.2
118.0
148.8
164.0
80.5

99.0
99.8
39.9
184.8
100.7
98.4
135 7
96. 7
74.9
77.3
70.0
118.0
172.8
195.8
70.0

97.1
97.5
40.4
162.7
99.5
93.8
132 9
96.2
67.0
82 8
73.5
119.8
127.7
139.0
76.7

95.9
d95.5
37.2
170.4
94.8
100.3
143. 5
97.2
68.7
85.3
78.2
119.5
61.2
57.9
75.7

96.5
97.0
42.2
181.4
96.0
104.1
137.5
95.2
65.9
60.6
85.3
119.3
51.2
46.3
72.8

92.4
91.0
30.6
188.8
91.8
110.3
121.8
96.1
65.7
61.6
72.6
123.8
36.0
29.0
67.3

97.5
97.8
73.4
189.7
88.9
95.7
140.4
97.1
75.8
70.1
71.3
118.9
30.6
19.3
81.5

100.6
101.1
76.9
188.9
92.5
95.2
143.5
99.4
78.3
79.2
70.7
120.7
62.2
55.2
93.4

94.2
93.3
51.3
190.5
86.8
93.1
143.4
96.8
73.3
73.8
65.6
120.5
65.4
57.7
100.0

98.3
97.7
37.9
195.9
94.0
99.0
156.4
100.0
79.1
81.5
71.5
121.0
91.8
91.7
92.0

78 8
72 3
95.2
84.7
95 6
116 2
116.4
119 3
80 1

78 5
71 i
92.0
95.8
90 2
103 6
111.7
115 6
78 5

78 2
72 1
96.6
116.7
93 2
106 2
115.4
116 5
80 3

78 4
72 0
101.0
140.6
93 8
107.0
119.7
119 1
82 6

78 7
72 3
99.9
129.0
94 2
110 3
123.0
116 5
83 6

79 0
72 0
98.8
118.1
94 3
112.4
125.5
117 1
83 6

79.3
71 4
100. 0
117.0
94.4
117.9
116.2
120.0
84 8

79.4
71.2
100.2
111.0
92.8
121.2
114.9
121.3
83,9

79.0
71.2
98.9
100.3
91.3
122.9
115.2
126.0
80.1

78.9
71.4
94.4
87.9
87.4
119.1
115.2
130.6
76.2

79.1
71.9
94.6
87.2
90.1
120.3
111.9
116.6
76.2

79.0
72.0
96.4
94.2
92.7
118.8
111.7
116.7
76.5

78.8
72.5
93.4
80.2
93.9
117.7
111.4
117.4
76.3

3, 132
78. 5

3, 129
84.8
132

2,602
85.4
115

2,767
83. 1
122

2,534
82 3
103

2,581
82 0
113

3,410
82.9
130

3,092
81.0
119

3,040
76.2
124

2,682
76.2
107

2,089
78.3

2,236
79.5

2,367
80.8

66, 526
3.76
93.6

76, 972
4.06
88.6

9,514
4.09
87.2

51, 762
3.98
81.3

54, 968
3.94
83.8

16, 945
3.93
83.8

271, 065
3.97
85.2

5,248
3.88
86.0

48, 883
3.65
86.2

35, 363
3.65
88.6

25, 495
3.75
87.8

16, 378
3.81
84.4

72, 022
3.87
86.4

62, 947
54, 548

58, 543
52, 887

58, 643
46, 186

56, 787
44, 145

55, 837
43, 507

58, 815
42, 208

68, 313
47, 229

65, 677
49, 884

61, 395
39, 108

44, 374
37, 229

47, 677
37, 044

59, 026
« 48, 191

38, 296
36, 637

11, 990
383

19, 024
482

18, 426
441

12, 979
408

14, 710
412

17, 588
369

21, 808
486

18, 770
504

17, 336
341

5,380
346

7,207
310

8,906
497

5,027
277

188

205

212

243

211

172

182

180

187

185

24, 778
19, 902
3,629

20, 953
20, 475
<*419

21, 579
19, 676
937

23, 847
20, 865
2,114

24, 482
20, 563
2,990

194

193

26, 069
21, 240
3,814

24, 436
20,763
2,636

25, 206
22, 066
2,114

25, 201
22 947
1,180

27, 605
21, 688
4,998

29, 151
21, 453
6,746

25, 702
19, 916
4,797

1,873
103

1,721
183

1 879
150

1 751
169

2 366
134

2,561
106

2,226
94

1,739
136

1,576
115

1,685
105

1,858
133

1,797
125

1,923
45

1,831
38

1,709
37

1,621
37

1,677
42

1,627
43

1,853
47

1,954
39

2,053
42

2,013
44

1,803
37

1,944
45

1,881
43

73
1,164

71
1,175

64
1,127

67
1,073

64
1,282

57
1,383

58
1, 654

57
1,704

59
969

60
1,025

56
941

58
1,046

66
969

188

"Revised.
IData for 1934 revised. See p. 56 of the May 1935 issue.
*New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.
fRevised series. See p. 55 of the April 1934 issue, construction, and mining, for 1933. Series on common-stock prices revised b.ick to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue.
#Number of commodities changed from 502 to 567 beginning with month of January 1934.
c? Data revised January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 October 1934 issue.
d
Deficit.




O













IMDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
54
Acceptances
, ___
31-3 2
Accessories, automobile
59
Advertising
25, 26
Africa, United States trade with
36,37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
31, 32
Air-conditioning equipment
51
Air mails
.
26
Airplanes
38, 59
Alcohol, denatured, ethyl, methanol
38,39
Aluminum
52
Animal fats, greases
39,40
Anthracite industry
22,29,45
Apparel, wearing
28,30, 57
Argentina, United States trade with; exchange; flasseed stock
33,36,37,40
Asia, United States trade with
36,37
Asphalt
47
Automobiles
22,26,27,28,30,59
Babbitt metal
52
Barley
42
Bathroom
fixtures
50
Beef and veal
_
__
44
Beverages, fermented malt liquors and distilled spirits
41,42
Bituminous coal
22,30,45,46
Boiler and boiler
fittings
50
Bonds, prices, sales, value, yields
35
Book publication
54
Boxes, paper, shipping
54
Brass
.
53
Brazil, coffee; exchange, United States trade
with
33,36,37,44
Brick
56
Brokers' loans
„
32
Bronze
53
Building contracts awarded
24,25
Building costs
25
Building materials
24,48,49
Business activity index (Annalist)
22
Business failures
32, 33
Butter
42
Canadian statistics
60, 61
Candy
45
Canal traffic
38
Capital issues
35
Carloadings
22,37
Cattle and calyes
44
Cellulose plastic products
41
Cement
.
22,27,28,30,56
Chain-store sales
26, 27
Cheese
42
Chile, exchange, United States trade with. 33,36, 37
Cigars and cigarettes
45
Civil-service employees
29
Clay products
23, 27, 28,30, 56
Clothing
' 24,28,30,57
Coal
22,29,45,46
Cocoa
_
44
Coffee
23,24,44
Coke
46
Collections, department stores
26
Commercial paper
31, 32
Communications
38
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
30,31
Copper
52
Copper wire cloth
53
Copra and coconut oil
40
Corn
_
43
Cost-of-living index

23

Cotton, raw and manufactures
23, 24, 57
Cottonseed, cake and meal, oil
40
Crops
23,40,42,43,57
Dairy products
23, 24, 42
Debits, bank
32
Debt, United States Government
34
Delaware, employment, pay rolls
28,30
Department-store sales and stocks
27
Deposits, bank
,__
32
Disputes, labor
29
Dividend payments
35,36
Douglas
fir
.
48
Earnings, factory
29,30
Eggs
23,44
Electrical equipment
51
Electric power, production, sales, revenues._ 22,41
Electric railways
36
Employment:
Cities and States
28
Factory
27,28
Nonmanufacturing
29
Miscellaneous
29
Emigration
38
Enameled ware
„
50
Engineering construction
25
England, exchange; United States trade
with
33,36,37
Exchange rates, foreign
,„___
33
Expenditures, United States Government
34
Explosives
39
Exports
36,37
Factory employment, pay rolls
27, 28, 29,30
Failures, commercial.
32,33
Fairchild retail price index
23




Page
Fares, street railways
3^
Farm employees
2^
Farm prices, index
.___
2~
Federal Government,
finance
3•
Federal-aid highways
.. 25, 2*
Federal Reserve banks, condition of
._.
3^
Federal Reserve member bank statistics
3*
Fertilizers
3J
Fire-extinguishing equipment
.
5 j:
Fire losses
.._
2£
Fish andfishoils
.
39, 4j
Flaxseed
.
4°
Flooring, oak, maple, beech, and birch
4°
Flour, wheat
43
Food products
22, 23, 24, 25, 28, 30, 4l
Footwear
47,55
Foreclosures, real estate
25
Foreign trade, indexes, values
__.
36,37
Foundry equipment
51
France, exchange; United States trade with.
33,
36,37
Freight cars (equipment)
27, 59
Freight carloadings, cars, indexes
37
Freight-car surplus
.-37
Fruits
.
23,42
Fuel equipment
51
Fuels
45,46
Furniture
.
49
Gas, customers, sales, revenues
41
Gas and fuel oils
46
Gasoline
46
General Motors sales
59
Glass and glassware
22,27,28,30,56
Gloves and mittens
47
Gold
-__
34
Goods in warehouses
26
Grains
23,24,42,43
Gypsum
.
56
Hardwoods
48
Heels, rubber
55
Hides and skins
24,47
Hogs
.
44
Home loan bank,! loans outstanding
25
Home Owners' Loan Corporation
25
Hosiery
57
Hotels
29,30,38
Housing
23
Illinois, employees, factory earnings.
28,30,31
Imports
37
Income-tax receipts
34
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
33
Interest payments
35,36
Interest rates
32
Investments, Federal Reserve member banks32
Iron, ore; crude; manufactures
22,49
Italy, exchange; United States trade with. 33,36,37
Japan, exchange; United States trade with.. 33,
36,37
Kerosene
46
Labor turn-over, disputes
29
Lamb and mutton
...
44
Lard
44
Lead
52
Leather
22,23,24,28,30,47
Leather, artificial
58
Liberty bonds
35
Linseed oil, cake, and meal...
40
Livestock
23,24,43,44
Loans, agricultural, brokers', time, real estate
31,32
Locomotives
59
Looms, woolen, activity
58
Lubricating oil
46
Lumber
22,24,27,28,29,48,49
Lumber yards, sales, stocks
48
Machine activity, cotton, silk, wool
57,58
Machine tools, orders
52
Machinery
27,28,29,51,52
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
29,30
Massachusetts, employment, pay rolls
28,30
Meats..
43,44
Metals
22,23,24,27,28,30,49,52
Methanol
39
Mexico:
Silver production
34
United States trade with
36,37
Milk
42
Minerals...
22,45,52
Money in circulation
34
National Industrial Recovery Act, highway
construction
25
Naval stores
39
Netherlands, exchange
33
New Jersey, employment, pay rolls .
29,31
Newsprint
54
New York, employment, pay rolls, canal
traffic
28,29,38
New York Stock Exchange
35,36
Notes in circulation
.
34
Oats
43
Oceania, United States trade with
36,37
Ohio, employment
29
Ohio River traffic
38
Oils and fats
...
39,40

Page
Oleomargarine
40
Paints-.
40
Paper and pulp
22,23,28,30,53,54
Passenger-car sales index
26
Passengers, street railways; Pullman
37,38
Passports issued
38
Pay rolls:
Factory
29
Factory, by cities and States
30
Nonmanufacturing industries
30
Pennsylvania, employment, pay rolls
29,30
Petroleum and products
22,24,28,29,30,46
Pig iron
22,49
Pork
44
Postal business
26
Postal savings
32
Poultry
23,44
Prices:
Cost of living, indexes
23
Farm indexes
23
Retail indexes
23
Wholesale indexes
24
World, foodstuffs and raw material
24
Printing
22,54
Production, industrial
22
Profits, corporation
34
Public
finance
34
Public utilities
29,36
Pullman Co
38
Pumps
52
Purchasing power of the dollar
24
Radiators
50
Radio, advertising
25
Railroads; operations, equipment, financial
statistics
37,38,59
Railways, street
37
Rayon
57
Reconstruction Finance Corporation, loans
outstanding
34
Refrigerators, household
53
Regi strations, automobiles
59
Rents (housing), index
23
Retail trade:
Automobiles, new, passenger
. 26
Chain stores:
5-and-10 (variety)
26
Grocery
26
Department stores
27
Mail order
27
Rural general merchandise
27
Roofing
41
Rice
43
Rubber, crude; scrap; clothing; footwear;
tires
„
22,23,24,28,30,55
Rye
43
Sanitary ware
50
Savings deposits
32
Sheep and lambs
44
Shipbuilding
22,27.28,30,60
Shoes
22,24,28,30,47
Silk
23,24,54
Silver
22,34
Skins
47
Softwoods
48,49
Spain, exchange
33
Spindle activity, cotton
57
Steel, crude; manufactures
22,49,50
Stockholders
36
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks, issues, prices, sales, yields
36
Stone, clay, and glass products
22,
23,27,28,30,56
Sugar.
23,24,45
Sulphur
39
Sulphuric acid
39
Superphosphate
39
Tea
23,24,45
Telephones and telegraphs
38
Terneplate
51
Terra cotta
56
Textiles, miscellaneous products
58
Tile, hollow building
_
56
Timber
_
48,49
Tin and terneplate
23, 24, 51
Tires
22,24,28,30,55
Tobacco
_. 22,25,28,30,45
Tools, machine
52
Trade unions, employment
29
Travel
38
Trucks and tractors, industrial electric
60
United Kingdom, exchange; United States
trade with
33,36,37
Uruguay, exchange
33
United States Steel Corporation
31,36,51
Utilities
29,30,34,35,41,59
Vacuum cleaners
53
Variety-store sales index
26
Vegetable oils
39,40
Vegetables
23,42
Wages
_
30,31
Warehouses, space occupied
26
Waterway traffic
38
Wheat and wheat
flour
23,24,43
Wholesale prices
24
Wisconsin, employment; pay rolls
29,30
Wood pulp
53
Wool...
22,58
Zinc
22,52




Check Sheet for the Introduction of
New Industrial Products
Market Research Series No. 6. 5 cents

The publication is designed for use of industrial marketing men and other executives,
advertising agencies, research groups, and teachers of marketing subjects. It deals with questions relating to marketing new products of an industrial nature. A number of examples of
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The publication is divided into two sections, each referring to one of two supplementary
charts. Chart 1, Marketing, is shown in nine sections: The Market, Buying Habits of the
Market, Firm's Relation to the Market, Competition, Seller's Price Policy, Channels of Distribution, Sales Promotion, Management of Sales Force, Other Questions. Chart 2, Origination
and Production, is shown in eight sections: Sources of Ideas for New Industrial Products, Major
Purposes for Which New Industrial Products Will Be Made, Designing and Engineering Factors,
Production Factors, Material Factors, Service Factors, New Capital Investment Factors,
Relation of New Product to the Regular Lines.

Consumer Use of Selected Goods and Services
by Income Classes
Austin, Texas
Market Research Series No. 5.1. 10 cents
The First of a Series of Reports on the Consumption of Consumers' Durable
Goods by Income Classes in Representative American Cities

This study is designed to aid manufacturers, wholesalers, and retailers in analyzing the
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constitute a direct report on the ownership and use of commodities by a definite percentage of
described families within stated income ranges. How these data can be applied in sales planning and advertising campaigns is briefly suggested in a section of the report on "Suggested Use
of this Material." Similar reports covering Fargo, N. Dak., and Portland, Maine, will be
released within a few weeks.
Copies of the two publications listed immediately above may be obtained from the
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World Chemical Developments in 1934
Trade Information Bulletin No. 823.

10 cents

Reprints of this publication have been ordered and should be available about July 15.
The publication covers 25 foreign countries and the United States

It lists new developments in the chemical industry, gives information on production, foreign
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U. S. G O V E R N M E N T P R I N T I N G O F F I C E : 1935