Full text of Survey of Current Business : June 1936
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JUNE 1936 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 16 NUMBER 6 •TTLMONG the durable goods industries that have made rapid strides toward recovery is included the farm equipment manufacturing industry. Business in 1935 was the best since 1930, although it fell considerably short of the results of the earlier year. Production amounted to $331,998,066 in 1935, or almost three times the value of the 1932 production. The total was, however, only 55 percent of the 1929 figure. . . , Business, both domestic and foreign, so far during 1936 has shown further substantial gains. . . . The review on page 16 by E. V. Needkam, the Bureau's agricultural implements specialist, gives a summary of recent as well as of historical trends. UNITED STATES DEPARTMENT OF COMMERCE DANIEL C. ROPER, Secretary BUREAU OF FOREIGN AND DOMESTIC COMMERCE ALEXANDER V. DYE, Director SURVEY OF CURRENT BUSINESS Prepared in the DIVISION OF ECONOMIC RESEARCH ROY G. BLAKEY, Chief M. JOSEPH MEEHAN, Editor Volume 16 Number 6 JUNE 1936 CONTENTS SUMMARIES AND CHARTS Business indicators Business situation summarized Graphic comparison of principal data Commodity prices Domestic trade Employment Finance Foreign trade Real estate and construction Transportation Survey ofiindividual industries: Automobiles and rubber Forest products Iron and steel Textile industries STATISTICAL DATA—Continued Page 2 3 4 5 6 7 8 9 10 11 12 13 14 15 SPECIAL ARTICLE Farm equipment business recovers r a p i d l y . . . . 16 STATISTICAL DATA New and revised series: New series: Commercial stocks of domestic barley, corn, oats, and wheat in the United States and Canadian wheat in Canada, 1927-36 Revised series: Manufactured gas: Customers, sales and revenues, 1929-35 Weekly business statistics through May 30 19 20 21 Page Monthly business statistics: Business indexes Commodity prices Construction and real estate Domestic trade Employment conditions and wages Finance Foreign trade Transportation and communications Statistics on individual industries: Chemicals and allied products Electric power and gas Foodstuffs and tobacco Fuels and byproducts Leather and products Lumber and manufactures Metals and manufactures: Iron and steel Machinery and apparatus Nonferrous metals and products Paper and printing Rubber and products Stone, clay, and glass products Textile products Transportation equipment. Canadian statistics General index Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 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. 69511—36 22 23 24 25 27 31 36 37 39 41 42 45 47 48 49 51 52 53 55 56 57 58 60 Inside back cover SURVEY OF CURRENT BUSINESS June 1936 Business Indicators 1923-25=100 FACTORY EMPLOYMENT AND PAYROLLS INDUSTRIAL PRODUCTION 125 125 100 100 v/ \ 75 N 75 V 50 25 25 0 i i i I I 1 i ii MM M I I M I M 11II1111111 M i1l l1 M i l ! I I I I 11 n i II Ml 1 1 1 1 1 1 CONSTRUCTION CONTRACTS AWARDED FREIGHT CAR LOADINGS 125 100 100 25 1 I i 0 v\\ 50 TOTAL (Acijusted)* 25 \ \ 75 \ L.C.L. (Adjusted)^ \ 50 11 III IIII1 1 I.I 1 1 1 I I 11 1| !! I I 1 1 1 1 1M / \ \ V V* SSRES/DENT/, \L (Adjusted) WHOLESALE PRICES 125 100 100 • .A 50 50 25 25 s i 75 TOTAL 0djusted) 0 TOTAL (Aq iustecf) y 1 1 | II 1 I! 1 M1M1 1 I I I 1 1II1 1 II 1 M 1 1 1 DEPARTMENT STORE SALES 75 —•• 0 125 1\ "IIIIMH HI PAYROLLS ( ^Unadjusted) 0 125 75 (Adjusted) ® ^ — _ - — ^ X Adjusted ® 50 EMPLOYMENT \ I I II 1 i l 1 I M 1 i l l 1 1 1 | l| 1 |1 ii 1 I I II i ALL COMMOL7/T/£S PRODUCTS II M 1 1 M M 1 M 11 1 1 M 1 M 1 II II 1 1 II II FEDERAL RESERVE MEMBER BANK L O A N S * BANK DEBITS OUTSIDE NEW YORK CITY 150 125 125 100 100 75 \ TOTAL; \ 75 50 50 ot i929'30'3!'32'33 (commercial) i i i i I t i i i I I I I I I I I 1 I i I • iiilinnt 1 9 3 4 1935 ADJUSTED FOR SEASONAL VAR/AT/ON 1936 0[ M I I I ! 1 I 1 M i i i I i M i i 11 I I I I 1 I I ! I M 1929 '30 '31 '32 '33 * REPORT/NG MEMBER BANKS 1934 1935 1936 D.D. 8635 J.M. SURVEY OF CURRENT BUSINESS June 1936 Business Situation Summarized NDUSTRIAL activity has tended to level off in about the same as in March; the indexes of food procIseasonally May after the unusually rapid rise in April when the essing and shoe production fell off less than the adjusted index of manufacturing advanced usual seasonal amount; and the contraseasonal gain to 99 from 93 in March, and the index of mineral output rose to 104 from 95. While the March-April change was influenced by the effects of the floods which accompanied the spring thaw in the East, the forward movement this spring continues to have as a basis the sales expansion in many industries. The demand for finished steel has held the ingot rate during May close to 69 percent of capacity, the April figure, which represented the highest rate of production in 6 years. Sales of automobiles have been maintained in May at a rate which promises little change in production from the April total; in that month production exceeded half a million units for the first time since 1929. This high rate of automobile production was the major factor in the record output of plate glass in April, although the expansion in building operations has also caused an increasing demand for this product as well as for lumber, cement, and other building materials. Notwithstanding the further improvement in construction, the relatively low level of building remains a major deterrent to reemployment, not only in this industry but in others as well. In the nondurable goods industries the changes in April were not so marked. Production of textiles was in tobacco manufacturing established a record for the month in this industry. The expansion in manufacturing in April was accompanied by an increase in the seasonally adjusted index of factory employment; there was a large gain also in the number of employees in the nonmanufacturing industries surveyed regularly by the Bureau of Labor Statistics. During the past year of increased production and national income, the estimated gain in employment in all industries and occupations has been in excess of 1,500,000. Retail sales reports for April reveal mixed trends in comparison with the March results, but the value of all retail sales was greater than in April 1935, and a substantial year-to-year gain for the May comparison is indicated by current reports. The May crop report revealed a deterioration due to the uneven distribution of rainfall and extreme temperatures. In the first half of May, however, there was a marked improvement in conditions. Prices of farm products and foods have continued to decline as adjustments are gradually made to a more normal demand-supply situation. Prices of industrial commodites also have eased. April April 4pril April April April _. ApriL_ Mav June July August September October November December 1936: January February March .-_ April Monthly average, January through April: 1934 1935 FRASER 1936 110 105 102 74 64 74 120.0 107.7 86.6 67.2 61.5 73.8 118 92 60 37 29 50 118 88 53 36 25 42 135. 7 123.3 99.5 72.8 53.8 72.4 123 101 73 27 14 32 70.8 68.5 66.4 65.4 69.7 72.2 75.0 74.5 76.6 61 61 63 58 60 62 64 66 71 63 63 64 64 64 65 64 64 66 73 76 80 80 78 81 77 81 84 101.0 93.1 99.7 97.0 92.8 104. 8 104. 6 103.7 109.8 45 46 50 52 49 50 48 62 56 49 52 51 59 54 53 58 52 58 78.3 78.9 80.1 83.9 78.8 76.1 85.4 84.6 94.7 84.9 83.9 84.2 84.9 72.2 72.3 76. 3 77.9 70 70 66 69 64 62 62 63 79 80 88 81 96.3 93.0 106.7 109.9 51 53 51 54 57 60 55 58 78.6 81.3 83.9 61.7 68.8 74.7 61 60 64 66 64 62 66 68 71.0 85.6 92.2 46 45 50 44 52 61 103 94 83 72 65 81 121 104 88 63 66 86 122 104 87 61 65 85 114 104 91 80 73 90 89 87 86 83 87 90 97 97 96 91 87 85 83 87 89 96 98 96 79 88 84 85 92 100 95 96 86 85 86 86 87 90 95 98 104 86 84 84 86 88 91 95 98 104 87 89 98 84 81 87 93 92 101 82.4 81.4 80.1 80.6 81.8 81.9 83.7 84.8 85.6 95 95 96 103 95 93 97 104 99 106 89 94 98 94 93 100 97 91 93 99 103 110 95 104 84 83 90 97 87 88 97 i-,o i '3 Wholesale price Index, 784 commodities Adjusted > Cash farm income» Unadjusted Construction contracts, all types, value, adjusted » Imports 104 98 88 73 63 65 128 110 91 63 68 89 90 Digitized for 97 Exports 108 97 80 59 53 62 105. 1 112.6 97.7 96.1 74.4 80.6 49.5 66.1 38.8 59.9 67.3 82.3 124 107 90 64 67 88 97 Foreign trade, value, adjusted 2 1929-31 Monthly average, 1923-25= 100 Monthly average, = 100 1924-29=100 Monthl jT average, 1923-25=100 1929: 1930: 1931: 1932: 1933: 1934: 1935: Rural, general merchandise Retail sales value, adjusted Department stores Adjusted» Adjusted » Amount of pay rolls, unadjusted Minerals Manufactures Adjusted » Total Minerals Total Year and month Manufactures Unadjusted i Number of employees, adjusted * Factory emFreightployment and pay rolls car loadings MerTotal chandise, Lcl. Industrial production Bank debits outside New York City MONTHLY BUSINESS INDEXES Monthly average, 1926-100 85.5 105. 5 ; 80.0 98.5 ' 58.5 70.5 41.5 52.0 36.5 47.5 45.5 60.0 95.5 90.0 74.8 65.5 60.4 73.3 27 27 30 35 38 43 48 60 67 55.5 57.0 52.0 53.5 64.5 75.5 94.0 78.0 70.5 69.0 64.0 60.0 60.5 62.5 63.5 67.0 66.5 66.0 80.1 80.2 79.8 79.4 80.5 80.7 80.5 80.6 80.9 88.7 80.0 90.6 88.7 61 52 47 48 66.0 55.0 59.5 58.0 68.0 65.5 67.0 70.0 80.6 80.6 79.6 67.6 75.4 87.0 37 26 49 47.9 51 8 59.6 79.7 73 2 79 5 80.1 SURVEY OF CURRENT BUSINESS June 1936 Graphic Comparison of Principal Data FIRST "f- MONTHS Y/////A REMAINDER OF YEAR BANK DEBITS OUTSIDE NEW YORK CITY — (B/LLIONS OF DOLLARS) 50 0 1936 1935 — 1934 1933 1932 — J00 150 200 250 300 - 1929 CONSTRUCTION CONTRACTS AWARDED— (B/LL/OA/S OF DOLLARS) 19 29 STEEL INGOT PRODUCTION —- (MILLIONS OFTONS) 10 20 30 40 0 19 36 — 1935 — 50 — 1 1933 b a n ^///////////// '///A !932JHHi AUTOMOBILE PRODUCTION --(MILLIONS OF CARS) '. 3 4- 0 5 19 36kBHHI // 1929 / / A — FREIGHT CAR LOADINGS — (MILLIONS OF CARs) 30 40 20 10 0 50 19 36 IBM — 19 35 1 9 34 1933 1932 1929 — • DO. 6638 J.M. SURVEY OF CURRENT BUSINESS June 1936 Commodity Prices T HE Bureau of Labor Statistics monthly combined July 30, 1935. By May 20 this index had reacted to index of 784 wholesale commodity price series 165.4, but subsequently receded to 163.3. Farm prices, after having experienced a 1-point rise recovered one-tenth of a point in April to 79.7 (1926 = 100) after having experienced a fall of 1 point in March, in April, appear to have resumed the downward trend the largest decline for a year and a half. Among the which began in January. Cotton prices have declined important group and subgroup constituents of the com- somewhat since the advances of March and April, but bined index, meats advanced most in April; next in world consumption is at a record high level and prosorder came farm products and building materials. pects are for a reduction in the world carry-over of Substantial declines were exhibited, however, by American cotton. Wool prices declined sharply in April. grains, chemicals and drugs, and textiles. The same Bureau's weekly index of all wholesale The B. L. S. index of retail food prices rose from commodity prices dropped to 78.1 for the week ended 79.5 for March to 79.7 (1923-25 = 100) for April. The May 16, the largest declines during the first half National Industrial Conference Board's index of the of May being shown by foods (especially meats), farm cost of living advanced 0.2 percent from March to products (especially grains), chemicals and drugs, April, chiefly because of a 1.6 percent rise in the rent metals and metal products, and textiles. The only constituent. Rents have risen 10.5 percent since significant advance was in the index of miscellaneous April 1935, and 21 percent since January 1934. products. Fairchild's composite price index of departmentFollowing a 3-month period of very narrow fluctu- store articles was the same for May 1 as for April 1 ations around 170 (Dec. 31, 1931 = 100), Moody's and changes in most groups were slight. Fur prices daily index of 15 "sensitive" commodities advanced continued the uninterrupted gain which began in to 172.1 on April 18 and again on April 23—the highest October 1935 and average about 10 percent higher point in 6 months. It then began a sharp decline now than a year ago, whereas the composite index and on May 12 reached 162.7, the lowest figure since is only 2 percent higher. INDEXES OF COMMODITY PRICES Wholesale Prices (Department of Labor) l! Groups and subgroups Economic classes Retail Prices I a© Tear and month si li Dec. Mo. Mo. Mo. 1930 average average average (Jan.1 1923= 1909-14 1923-25 1931)== 100 100 = 100 100 Monthly average, 1926=»100 1929: April 1930: April 1931: April 1932: April .. 1933: April ... 1934: April _ .._ 1935: April May __ _ June July August _. September October November December 1936: January __ _ February March Aprii Monthly average, January through April: 1934 1935 1936 94.0 102.3 33 5 95.3 87.9 85.7 76.3 80.3 71.5 76.9 81.6 87.9 91.6 84.0 68.2 56.1 51.8 75.3 81.9 81.0 71.5 64.7 57.8 69.5 99.1 97.9 88.2 78.8 71.5 78.4 144 136 97 6' 58 82 100. 103.3 83.8 70.3 60.1 72.1 94.3 78.2 69.4 89.4 86.3 88.3 88.9 89.3 9.6 90.9 93.6 95.0 95.4 80.7 80.6 80.5 80.4 80.5 80. 5 80.6 81.0 81.0 85.9 S6.fi 86.9 86.4 86.6 86.6 86.5 86.9 86.8 69.2 69.4 70.1 70.2 70.9 71.8 72.9 73.4 73.2 68.7! 68.7 68.4 67.7 67.3 67.1 67.5 67.4 67.5 83.2 82.9 82.7 82.6 83.0 83. 51 83.9J 84.3! 84.8; 111 108 104 102 106 107 109 108 110 81.3 81.4 81.5 80.2 79.6 80.1 80.5 81.5 82.0 86.3 86.1 85.7 85.2 85.7 86.6 87.6 88.0 88.2 97.1 96.1 94.9 94.6 81.4 81. f) 81.4 81.5 86.7 86.7 86.6 86.6 71.7 71.0 70.8 70.2 67.8 68.1 68.3 68.6 84.8 84.4 84.1 84.3 109 109 104 105 81.7 80.6 79. 79.7 88.1 88.3 88.1 88.1 82.4! 84.41 82; 109! 107! 72.0 79.6 80.4 89.3 86.5 88.2 95.5 90.0 74.8 65.5 60.4 73.3 95.0 90 7 78.3 71.1 65.7 77.1 97.0 89 8 68.3 55.5 50.0 65.1 94.8 104.9 86 1 95 8 71.5 70.1 59.6 49.2 57.3 44.5 73.9 59.6 94.3 84.1 59.5 44.5 44.8 58.8 98.0 111.5 94.9 103.2 76.3 79.9 61.0 59.8 56.1 50.3 66.2 57.3; 91.8 87.8 75.9 70.9 65.3 78.6 96.3 93.5 81.5 72.5 70.2 86.7 94.7 91.2 81.3 74.4 71.4 75.5 81.9) 107.8 79.5> 102. 7 65.4 87.5 70.2 75.0 61.5 9.4 71.7 88.9 80.1 80.2 79.8 79.4 80.5 80.7 80.5 80.6 80.9 82.3 82.4 82.2 82.0 83.0 83.1 82.7 82.7 83.1 77.5 77.6 76.4 75.8 77.1 77.3 77.1 77.2 77.7 72.3 73.5 73.9 72.8 73.2 74.4 76.3 76.2 75.2 80.4 80.6 78.3 77.1 79.3 79.5 78.2 77.5 78.3 87.9 83.2 76.9 78.3 79.3 83.5 S6. 4 77.9 76.6 84.5 94.3 84.1 97.0 82.8 94.5 82.1 93.3 84.9 102.0 86.1 102.9 85.0 97.1 85.1 94.3 85. 7 97.5 77.2 77.6 78.0 78.0 77.9 77.8 78.3 78.8 78.7 84.6 84.8 85.3 85.2 85.4 85.9 86.1 85.8 85.5 81.0 81.2 80.7 78.7 78.6 80.2 81.1 81.2 80.6 72.8 73.1 74.2 74.7 74.1 73.0 73.4 74.5 74.6 80. t 80.6 79.6 79.7 82.4 82.2 81.3 81.6 78.1 79.1 77.4 77.0 74.8 74.6 74.4 74.5 78.2 79.5 76.5 76.9 78.9 78.3 75.6 73.9 83.5 83.2 80.1 80.2 94.9 92.1 89.7 91.0 78.8 79.0 78.9 78.9 85.7 85.5 85.3 85.7 80.5 80.1 79.3 78.5 75.1 76.1 76.2 76.4 73.2 79.5 80.1 76.8 81.6 81.9 65.3 77.0 77.9 "3 " 7L8 74.6 60.2 78.9 77.8 62.0 86.7 76.7 66.1 82.3 81.8 54.0 88.9 91.9 78.5 77.4 78.9 86.5 75.3 72.2 9.2 81.2 86.9 76. a 84.9 80.6 72.8 86.0 80.8 85.8 69.8 85.6 79.6 76.0 95.7 81.5 86.7 70.9 68.2JI 1 Revised. See p. 20 of the November 1934 issue. > Middle of month. This is a new series. See p. 23. 3 Index is for 1st of following month. 6 SURVEY OF CURRENT BUSINESS June 1936 Domestic Trade HILE recent retail sales data do not show a ports, which are compiled with the cooperation of the Wuniform movement, the underlying trend of con- National Association of Credit Men, are designed to sumer purchasing is still upward. When comparisons reveal the trend of sales and collections of manufacare made with a year ago, the available data for both turers and wholesalers on a country-wide basis. April and May record a continuation of the 12 months' Figures have been collected for each month of 1936, gains which have featured the reports of recent months. but the first releases issued were for the month of The seasonally adjusted index of department-store March. While the number of reporting firms has sales in April dropped to 81, after having advanced increased since the compilation was initiated, the numfrom 80 in February to 88 in March. These wide move- ber is still not sufficiently large to provide an adequate ments are probably caused at least partially by the sample, particularly when a distribution by groups is difficulty of making a proper seasonal adjustment for made. Nevertheless, even with the limitations stated, the Easter buying period. It ma}7 be noted that a the figures are of interest and it is hoped that the samsimilar movement occurred in 1935, and the percentage ple may soon be made representative. Copies of the gains over a year ago for each of the 2 months were reports may be secured upon request to this Bureau. about the same. Total sales of 560 manufacturers showed an increase Sales of general merchandise in rural areas rose by of 7 percent in dollar volume from March to April more than the usual seasonal amount in April, and and a gain of 16 percent as compared with April 1935. the relative gain in comparison with a year ago (9According to reports of 527 manufacturers, the median percent) was the same as for department-store sales. ratio of collections during the month to accounts Sales of variety stores increased by the usual seasonal receivable at the beginning of the month was 79.5 peramount. Sales of chain grocery stores gained about as cent for April 1936, about the same as for April last much as is usual in April and were 2 percent in excess year. of those of April 1935. For the 4 months to and The value of wholesale trade, as reported by 1,075 including April, the slight gain in dollar sales through wholesalers for April, decreased 2.5 percent from these chains, in comparison with 1935, is probably March 1936, but was 6 percent higher than in March accounted for by the increase in retail food prices. 1935. Total collections reported for March by 531 Two new monthly reports on sales and collections wholesalers formed 71 percent of accounts receivable, have recently been issued by the Bureau. These re- a higher rate than in March or April last. DOMESTIC TRADE STATISTICS Wholesale trade Eetail trade Department stores Tear and month Chain-store sales Sales Stocks 3 Unad- Adjust- justed i ed 2 Unad- Adjust- justed^ ed 2 Monthly average, 1923-25 = 100 1929: 1930: 1931: 1932: 1933: 1934: 1935: April April April April April April ... April May June July August September.. October N o vember _ _ December Commercial failures * Rural sales New passenGeneral mer- ger-car sales Variety stores chandise Combined Ad- Unad- Ad- Unad- Adindex * Unadjust- just- just- just- just- justed 2 ed^ ed 2 ed i ed » ed i Avg. same mo. 192931 = 100 Employment Pay roils Monthly average, 1929=100 Monthly average, 1929-31 = 100 Fail- Nuru- Thouber ofsands dolls. 53 65 94.9 101.5 96.0 77.3 77.9 82.5 102.3 97.1 97.5 83.5 77.5 87.2 115.2 103.4 83.1 64.5 59.1 70.8 120.0 107.7 86.6 67.2 61.5 73.8 232.7 154.5 112.0 55.5 45.5 87.9 154.5 103. 5 75.0 37.5 30.5 59.0 97.9 97.1 86.7 77.6 71.5 82.1 97.8 97.5 83.7 66.3 52.4 63.1 1,020 22, 871 75 61 64 64 63 61 62 64 66 67 65 96 98 98 100 100 103 92.9 86.0 86.1 82.0 79.3 87.7 93.4 95.1 178.4 90.6 86.0 90.7 92.1 89.6 91.8 92.0 93.7 96.7 97.0 87.6 94.2 74.7 79.8 103.7 127.6 127.6 155.9 101.0 93.1 99.7 97.0 92.8 104.8 104.6 103.7 109.8 116.7 98.4 104. 9 89.1 80.2 50.1 53.3 96.6 90.6 78.5 70.0 78.5 81.0 75.0 79.0 82.0 113.5 106.5 83.2 82.5 82.1 82.1 82.7 83.7 85.7 86.4 64.8 64.6 64.6 64.6 64.8 67.2 66.8 66.9 68.6 1,083 1,004 944 902 884 787 1,056 898 910 16, 529 14, 339 12, 918 16, 523 13, 266 17,002 17,185 14,384 15, 686 58 62 67 68 66 65 65 65 97 99 101 103 67. 7 90. 8 73.5 ! 87.9 80.3 I 93.2 95.0 94.5 I 78.2 95 i 78. 5 100 79. 1 79.9 84.2 99.2 105.5 96.3 93.0 106.7 109.9 69.3 65.5 117.6 140.9 102.0 89.5 101.0 92.5 85.6 85.0 85.8 85.7 66.6 66.6 69.2 67.9 1,077 856 946 18,104 14,089 16,271 U, 157 81.4 84.0 85.5 61.6 64.6 67.6 1,106 1,031 927 22,170 15,428 15,655 103 110 101 73 68 73 110 105 102 74 64 74 103 101 87 72 55 68 79 76 76 55 61 86 86 91 145 73 76 66 66 61 57 60 67 97 1936: January February March__ April Monthly average, through April: 1934 1935 1936 63 66 77 85 January i5 Corrected to daily average basis. Series revised. See p. 32. 64 62 fi4 2 Liabilities Adjusted for seasonal variations. 71.0 85.6 92.2 End of month. 56.2 85.3 98.3 * See note on p . 26 of this issue. SURVEY OF CURRENT BUSINESS June 1936 Employment T HERE was a gain from March to April of about 255,000 in the number at work in the industries for which sample data are collected by the Bureau of Labor Statistics. The steam railroads, which are represented in the above total only to the extent of their shop activities, reported a total increase of 27,000 workers. The Bureau of Labor Statistics surveys monthly the employment situation in more than 100 manufacturing and nonmanufacturing industries, and these, together with the steam railroads, employed about one-half of all gainful workers in 1930, according to the census of occupations taken in that year. For factor}^ employment, the increase in Arpil as compared with March was 1.2 percent, while factory pay rolls were 2.1 percent higher. The seasonally adjusted index increased to 84.9 percent of the 1923-25 average from 84.2 in March, thus equaling the January but not the December figure. Of the 90 manufacturing industries included in the canvass, 57 employed more workers and 49 had larger pay rolls. The gain in employment resulted from the substantial increases reported for several of the durable-goods industries; the unadjusted index for this group advanced 2.5 percent to the highest point since October 1930, while the nondurable goods index remained unchanged from the March figure. In comparison with April 1935, the durable-goods index was 8.1 percent higher, while the nondurable-goods index was 1.1 percent lower. Among the more important durable-goods industries more than seasonal gains were recorded by blastfurnaces,, steel works, rolling mills (2.7 percent); foundries (2.7 percent) ; and electrical machinery (3.6 percent). Relatively large gains were reported for the industries allied to building construction; these changes were influenced by seasonal factors. Only two important industries reported declines in excess of the usual seasonal amount. These were the rayon and allied-products industry (6.0 percent) andwoolenand worsted-goods establishments(5.6percent). Of the 16 nonmanufacturing industries included in the Bureau of Labor Statistics survey, only two, anthracite- and bituminous-coal mining, reported declines in employment in April as compared with March. Large seasonal gains were reported for private-building construction, and quarrying and nonmetallic mining, and a somewhat smaller relative increase, but a large absolute gain, took place in retail-trade establishments. As a result of the substantial increase in April, the total number employed exceeded all monthly figures since October 1931, according to estimates based on the available statistics of employment trends. The increase in comparison with April 1935 exceeded 1% million, bringing the estimated cumulative increase from the depression low to about 5K million. There was, of course, a very large volume of unemployment in the fall of 1931 and there has been an increase in the number of employables since that time. STATISTICS OF EMPLOYMENT, PAY ROLLS, AND^WAGES Factory employment and pay rolls Employment Year and month Pay rolls Nonmanufacturing employment and pay rolls (Department of Labor) Anthracite mining EmUnad- Ad- Unad- ployjusted justed' justed ment Pay rolls Bituminous coal mining Electric light and power and manufactured gas Employment Employment Monthly average, 1923-25=100 1929: April.._ 1930: April 1931: A p r i l . . . 1932: April 1933: April 1934: April 1935: April May June.. July... August September October November December 1936: January February March April Monthly average, January through April: 1934 1935 1926 Pay rolls Telephone and telegraph Retail trade Employ- Pay ment rolls Employ- Pay ment rolls TradeUnion members employed Percent of total members Monthly average, 1929=100 Factory * Common labor Average Average rates * weekly hourly earnings earnings Cents per hour Dollars 88.3 75.0 75.2 72.0 37.4 51.7 100.2 94.4 85.9 65.5 63.7 72.2 89.2 81.7 58.6 33.9 26.6 51.4 95.9 100.7 97.1 84.8 76.9 82.4 95. 5 102.6 97.6 82.4 69.4 76.8 97.8 98.9 88.1 81.2 72.3 70.2 98.3 103.4 95.0 83.4 67.8 68. S 97.6 98.1 91.3 78.7 73.3 82.5 97.2 97.9 87.5 67.7 52.0 61.2 28.82 27.25 23 93 17. 33 15.49 20.90 .587 .593 .574 .513 .460 .581 38 40 35 33 33 43 52.6 53.5 56. S 49.4 38.7 46.0 58.8 46.6 57.3 49.9 49.5 66.0 37.5 28.3 38.2 55.9 28.4 55.4 74.3 75.3 77.9 70.0 73.4 77.1 74.3 76.1 79.1 45.0 49.1 64.7 35.9 45.8 60.1 69.8 65.5 69.5 82.6 83.3 83.9 84.8 86.8 86.9 87.4 87.6 86.8 79.0 79.8 79.8 81.5 82.8 84.5 84.4 83.4 86.0 69.7 70.0 70.2 70.3 70.5 70.4 70.0 69.8 69.6 73.1 73.7 74.4 75.7 75.5 73.8 74.9 74.9 75.6 83.5 82.2 82.2 79.3 78.0 81.8 83.8 84.6 92.9 62.5 62.0 62.5 60.5 59.3 62.5 63.2 63.4 69.3 21.93 21.76 21.46 21.75 22.32 22.58 23.12 23.31 23.47 .598 .599 .599 .598 .601 .601 .602 .604 .605 40 41 42 42 42 42 42 42 41 72.2 72.3 76.3 77.9 59.1 61.2 52.5 49.8 54.4 76.7 42.6 28.6 79.8 80.2 80.4 77.4 70.6 78.5 70.1 62.1 86.1 86.1 86.9 8S.2 84.8 84.7 88.5 86.6 70.1 69.9 70.2 70.8 75.0 76.2 77.2 76.0 80.4 80.0 81.7 85.3 62.1 61.6 63. 5 65.4 23.09 23. 09 23.20 23.76 .600 .609 .610 .612 40 38 37 38 61.7 68.8 74.7 63.3 57.8 55. 7 68.3 52.7 50. 6 75.5 79.3 79 5 54.1 59. 6 70.3 81.9 82.5 86.8 75.2 78.7 86.2 70.1 70.0 70.3 69.0 73.8 76.1 80.9 80.6 81.9 59.7 60.5 63. 2 20.02 21.87 23.29 . 564 . 596 . 607 40 L05.3 96.3 80.7 66.1 59.9 82.4 105.1 96.1 80.6 66.1 59.9 82.3 112.6 97.7 74.4 49.5 38.8 67.3 82.6 81.2 79.7 79.7 82.0 83.7 85.3 85.0 84.6 82.4 81.4 80.1 80.6 81.8 81.9 83.7 84.8 85.6 70.8 68.5 66.4 65.4 69.7 72.2 75.0 74.5 76.6 83.0 83.2 84.1 85.1 84.9 83.9 84.2 84.9 78. 6 81.3 83.9 Pay rolls Wages 100.7 84.1 85.2 70.1 51.6 58.2 1 Adjusted for seasonal variation. i National Industrial Conference Board. 79 »Road building. 38 SURVEY OF CURRENT BUSINESS June 1936 Finance the sharp decline in prices in April, the stock in the final quarter of 1935 when earnings recorded a AFTER market movement was irregular during the first strong contraseasonal increase. For the second quarL 3 weeks in May, with a slight upward tendency. The ter of the year, an increase in profits will undoubtedly volume of shares traded dropped sharply. be reported, but it is too early to judge whether the The figures of non-Federal capital financing in April gain for the corporations included in the Standard indicate that over a billion dollars of securities were Statistics index will exceed the usual seasonal increase. offered to the public in that month. While this total In comparison with the first quarter of 1935, the was the largest in 6 years and about two-thirds of the increase in profits of a representative list of large corall-time record established in September 1929, there is porations was about 30 percent. Industrial and public a marked difference in the types and purposes of the utility corporations reported substantial increases, but present financing and that of 1929. In the earlier the railroads operated at a loss during this period, albeit year the predominant form of financing was stocks at a somewhat smaller loss than was reported a rather than bonds; in 1935 and in the first part of year ago. 1936 the reverse was true with relatively little stock Another indication of prevailing money-market confinancing. In 1929 nearly 90 percent of the issues ditions was the announcement by one of the leading represented new capital and only 10 percent repre- banks that the nominal rate of interest on new personal sented refinancing, although it should be noted that credit loans had been reduced from 6 to 4 percent. The about one-fifth of the capital raised in 1929 was for one-quarter of 1 percent increases in call and time rates investment trusts. In 1935, 70 percent represented on the New York Stock Exchange reflect the increased refunding issues, while in the first 4 months of 1936 costs in handling these loans rather than any change about 80 percent was for refunding. in the availability of short-term credit for such purpose. The increase in member-bank balances with the An important factor in these refunding operations has been the ability of corporations, by reason of Federal Reserve System from the middle of April to improved earnings, to take advantage of the prevailing the middle of May reflected mainly the disbursements low interest rates. Many have been able to convert of Treasury funds held in the Federal Reserve banks their outstanding obligations bearing high interest rates and the increase in the monetary gold stock in the into securities carrying a much lower rate. The recent country. The latter again reached a new high figure announcement of an offering of $85,000,000 of 3-percent as the flow of gold from Europe continued. debenture bonds by a large petroleum corporation set The Treasury Department announced that tax cola new record for low-cost industrial financing. lections in the first 10 months of the present fiscal year Corporation profits during the first quarter of the were 7 percent above the collections for the similar year were smaller, on a seasonally corrected basis, than period in the 1935 fiscal year. FINANCIAL STATISTICS Bank debits outside New Year and month York City Reporting member banks, Wednesday closest l to end of month Loans All on securi- other loans ties Net Total Federal bankgold Reserve ers' imacbank ports ceptMoney credit ances inin outcluding outcircustandgold standInlation released ing, vestend of end from of ments | month earmonth mark Savings deposits New Postal York SavState ings Millions of dollars 1929: 1930: 1931: 1922: 1933: 1934: 1935: AprilApril April April April April April May June July August September October November December 1936: January February March April - Stock prices (421) Standard Statistics Thous. of dollars 96.69 1,073,508 97.77 731,857 95. 70 369, 536 70, 604 79.31 25,889 80.07 145, 915 92.54 i 1926 = 100 Dollars 26. 770 24, 315 19.620 14, 366 10,616 14, 278 7,371 8,381 7, 052 5, 099 3,869 3, 752 9,067 8, 583 7,941 6,783 5,003 4,876 5, 875 5, 789 7,903 7,151 8,151 9,868 1,326 1, 006 937 1,850 2,459 2,485 1,111 1,414 1,422 879 697 613 71.7 66.2 42.0 -26.3 -113.3 53.6 4,679 4,518 4, 647 5,452 6, 137 5,368 4,439 4,507 5,059 5,262 5,164 5,097 154 170 314 723 1,160 1,197 186.6 181.0 109.2 43.9 47.5 79.6 15, 645 15,557 15, 808 16, 550 15, 536 15,016 16, 844 16,685 18, 676 3,219 3,156 3,208 3,076 3,009 3,095 3,006 3,108 3,274 4,936 4,955 4,829 4, 735 4,808 4,935 4,896 5,044 4,975 11,804 11, 676 11,791 12. 034 12, 022 12,390 12,476 12, 480 12, 646 2,468 2,469 2,480 2,465 2,485 2,477 2,482 2,480 413 375 343 321 322 328 363 387 397 146. 3 138.5 231.4 15.8 47.8 157.7 313.5 211.1 191.3 5,500 5,507 5,522 5, 550 5,576 5,651 5,704 5,770 5,897 5,158 5,152 5,187 5,161 5,152 5,179 5,161 5,154 5,187 1,200 1,205 1,205 1,189 1,192 1,192 1,196 1,199 1,201 67.5 73.1 76.0 79.4 83.3 85.0 86.1 94.2 95.7 17,499 15, 766 17,867 17,497 3,128 3,117 3,313 3,304 4.871 4,842 5,079 5,039 12, 996 13,047 13, 229 13,452 2,479 2,482 2, 473 2,475 384 377 359 344 43.9 -26.1 6.4 27.9 5,757 5,177 5,779 5,177 5,857 , 5,204 5,89? I 5,175 1 Bond prices, New York New Stock capital Exissues change (domestic) Series on 101 cities resumed, superseding data on 91 cities. 1,208 1,214 1, 216 1,315 ! 101.7 106.7 108.7 106.6 Average Interest rates, dividend commercial per share paper (600 (4-6 c o m - months) panies) Dollars 3.04 2 49 1.60 1.09 1.16 89,508 81,764 55,457 127,127 148,210 172, 745 148,462 119,794 221, 207 1.29 1.29 1.29 1.30 1.33 1.34 1.35 1.40 1.41 96.16 115,253 106,739 97.22 97.26 I 129,527 1.42 1.45 1.46 1.47 92.95 92.81 93.94 94.12 93.07 92.65 92. 84 93.69 94.47 I 176,672 Net exports indicated by (—). Percent J4H 4% 334-3% 2 -3J4 3J4 -ltt H % A SURVEY OF CURRENT BUSINESS June 1936 Foreign Trade ERCHANDISE imports exceeded exports in April ported increased 60 percent in value. Imports of crude M for the third consecutive month. Exports, which rubber, hides and skins, wood pulp, unmanufactured normally recede 6 percent in value from March, were wool, and nickel recorded quantity increases which only 1 percent smaller, while general imports, for which ranged from 11 to 69 percent. Imports of furs and the estimated seasonal decline is 3 percent, were 2 manufactures increased 75 percent in value, while percent larger. As compared with April 1935 thewood and saw-mill products were up 78 percent. relative increase in both exports and imports was Among the agricultural imports in which declines slightly less than one-fifth. occurred were butter, which was valued at $1,364,000 Although a few agricultural commodities, principally in April 1935 compared with $152,000 in April 1936; meat products, continued to be exported in smaller tallow which dropped from $1,499,000 to $122,000; and quantities in April 1936 than in April a year ago, ship- oilseeds which declined from $3,306,000 to $2,724,000. ments of a number of agricultural exports have in- However, expressed oils and fats imports increased creased. For example, exports of unmanufactured from $5,798,000 to $8,496,000, while meat products cotton, unmanufactured tobacco, fodders and feeds, increased from $2,225,000 to $2,539,000. vegetables and preparations, and fruits were each April 1936 marked the opening of the fourth year of larger in quantity and value. recovery in foreign trade. It was in April 1933 that Nonagricultural exports were valued at nearly 24 foreign trade began its sustained upward trend from million dollars more in April 1936 than in April 1935. the lowest point of the depression. Export trade in Leading products showing increases in value included the first 4 months of 1936 was three-fourths as large in petroleum products, metal manufactures, machinery, quantity as in the 1923-25 period, while imports were electrical apparatus, chemical products, wood and about one-seventh larger. Exports of finished manupaper, and textile manufactures. Exports of automo- factures were larger in volume in the first 4 months of 1936 than in 1923-25, but exports of agricultural prodbiles were only slightly larger. The increase in imports for consumption over April ucts, particularly foodstuffs, were much lower in 1935 was due primarily to larger imports of crude and volume. In terms of value, exports were 51 persemimanufactured materials, sugar, and whisky. Cane cent and imports 60 percent as large in the first 4 sugar imports increased 31 percent in quantity and 65 months of 1936 as in the corresponding period of percent in value, while whisky and other spirits im- 1923-25. EXPORTS AND IMPORTS Exports of United States merchandise Indexes ExValue Value ports, inof of total total cluding imexreexports, ports, ports ad- 1 adjusted justed' Year and month Finished manufactures Crude materials Total Total Raw cotton Food- Semistuffs, mantotal ufactures Monthly average, 1923-25=100 1929: 1930: 1931: 1932: 1933: 1934: April April April April April April Imports * Total AutomoMa- biles, chin- parts and ery accessories Total Crude Food- Semimanmaterials stuffs ufactures Finished manufactures Millions of dollars 118 92 60 37 29 50 118 88 53 36 25 | 42 ' 425.3 331.7 215.1 135.1 105. 2 179.4 418.1 326.5 210.1 132.3 103.3 176.5 71.3 52.4 40.2 34.0 28.6 45.9 47.5 31.1 22.9 20.7 16.9 24.5 53.3 37.1 28.2 21.0 11.3 17.8 65.4 47.8 31.1 18.7 15.5 29.2 228.1 189.3 110.6 58.6 47.8 83.6 51.2 50.8 31.0 12.3 8.8 19.2 64.1 35.2 18.1 7.9 7.4 21.5 410.7 307.8 185.7 126.5 88.4 141.2 146.9 105.6 54.7 36.2 21.1 41.0 98.1 69.7 51.9 38.1 32.8 45.7 82.5 61.8 33.4 18.9 13.5 26.1 83.4 70.8 45.7 33.3 20.9 28.4 45 46 50 52 49 50 48 49 164.4 165.5 170.2 173.4 172.2 198. 2 221.2 269.3 223.5 160.7 159.8 167.2 168.0 169. 8 195.5 218.1 266.7 221.0 38.2 36.9 40.6 38.3 40.9 68.7 82.6 112.7 82.7 21.8 19.4 23.4 19.2 16.6 31.8 45.9 75.1 56.8 12.9 15.4 15.5 15.3 15.6 22.4 23.7 26.8 19.7 26.2 26.4 28.9 28.1 31.0 29.3 30.3 34.3 31.7 83.4 81.0 82.2 86.2 82.2 75.2 81.5 93.0 86.9 22.8 22.2 20.6 23.3 23.9 20.5 23.5 25.5 22.5 22.0 18.6 20.1 19.4 15.7 13.3 14.1 21.9 19.7 166.2 166. 8 155.3 174.2 180.4 168.7 189.7 162.8 179.6 45.9 44.4 43.7 53.0 50.2 49.8 55.4 46.0 55.7 56.1 55.0 49.4 56.5 63.6 44.4 51.7 43.9 44.8 30.7 33.6 31.7 32.1 31.3 38.4 38.6 36.3 42,8 33.4 33.9 30.4 32.5 35.4 1935: April May June July August September... _ October November. December , 52 51 59 54 53 58 | 52 ' 58 1936: January February March April Monthly average, January through April: 1934 1935 1936 44.0 36.6 36.3 51 53 51 54 60 56 58 198.0 181.8 194. 8 192.6 195.1 179. 2 192.1 189.4 59.8 50.1 44.5 40.4 35.7 26.6 26.3 32.8 15.9 14.8 16.8 14.2 28.6 28.3 32.1 33.8 90.8 86.1 98.7 101.0 25.5 24.6 27.9 30.7 22.1 22.1 24.0 23.0 186.4 189.6 194, 3 199.8 58.4 58.6 57.7 62.1 55.3 60.3 63.6 65.7 39.7 40.1 37.6 33.0 30.6 36.8 34.4 46 45 51 3 44 ! 3 52 3 61 705. 3 688.6 767.2 693.1 676. 6 755.8 215. 7 179.5 194.7 138.3 102.9 111.4 80.1 61.6 61.7 110.1 109.7 122.8 287. 2 325. 7 376.5 66. 5 83.5 108.7 66.1 84.7 91.2 548.7 662. 5 770.0 159.2 184.6 236.9 172.0 232. 9 244.9 104. 4 124. 5 153.5 113.1 120.4 134.8 i Adjusted for seasonal variations. 60511—36 2 1 36.0 57 m. l i 2 General imports through December 1933; imports for consumption thereafter. * Monthly average of unadjusted indexes. 10 SURVEY OF CURRENT BUSINESS June 1936 Real Estate and Construction of the gradual expansion in the highest since the final quarter of 1931. The chart on ACONTINUATION building industry is evident from recent statis- page 4 indicates, however, that the volume of contracts tics. Actual operations, as indicated by data on is still relatively low. employment, have increased markedly, and manu- Basic conditions in the real-estate field still remain facturers and suppliers of building materials have favorable for an extension of the improvement of resienjoyed an increased demand for their products. dential construction. Not the least important of these April output of plate glass established a new high for is the continued upward trend of rents. As pointed the industry, but it should be noted that this product out on page 5, the rise in the rent index of the National has found increasing uses in recent years in industries Industrial Conference Board during the past year has other than building, and it is such uses that account exceeded 10 percent, with every month during this for the current production records. Production of period showing an increase. lumber, brick, stone, cement, and plumbing supplies The March-April increase in nonresidential building are still far below the level of output prior to the depres- was accounted for mainly by the rise in commercial sion, notwithstanding the very substantial and con-and factory building, the increase for these two groups tinuing increases of the past year or more. being larger than the gain in all nonresidential work. The seasonally adjusted index of construction con- Such work is gradually picking up but is still restricted. tracts awarded rose slightly in April after having In 1929, for example, the volume of such construction receded from 67 last December to 47 in March. There in the first 4 months of the year amounted to about was a sharp gain in the volume of privately financed one-half billion dollars. In the same period of 1938. contracts, the total being the largest in more than the corresponding total was about one-eighth of a 4 years. Thus, the revival in private building appears billion dollars. to be making further progress. Each of the 13 districts distinguished by the Dodge While awards for all major classes of construction Corporation has reported a larger contract total so far in were larger in April than in March, the relative in- 1936 than in 1935. Among the largest relative increases crease was greatest in residential building. On a have been those reported for southern Michigan (Deseasonally adjusted basis, residential awards were the troit particularly), Texas, and upstate New York. BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE Construction contracts awarded Year and month F. R. B. index adjusted » All types of construction Monthlyaverage, 1923-25= 100 Number of projects Residential building MilMilMil- 1 of lions lions of lions of I square dollars dollars | feet Publie utilities Public works Millions of dollars || Loans outstandBuilding-material shipments Highways ing ; Conunder strucconstruc- tion Realtion estate costs, (National Home Eng. Com- T Oak Home- foreIndusCeclom News- Owners' loan mon L " " I floor- ment trial Loan her Recbanks sures brick Corp. Recovery ord » Act) Thousands I Mills. I Thous. Thouof ft. sands of of ft. b. m. b. m. barrels 59, 725 45, 501 13, 325 31,874 13, 340 28,155 11,184 12, 555 6, 536 9, 479 4, 949 1,378 9,476 6,492 Thousands of dollars Monthly average, 1913= 100 Thousands of dollars Number _| 1929: April 1930: April 1931: April 1932: April 1933: April 1934: April 1935: April May June July August September October November December 1936: January February March ._. April Monthly average, January through April: 1934 1935 1936 1 123 101 73 27 14 32 19, 948 14,686 11, 888 7,653 7,254 8,110 642 483 337 122 57 131 51.7 25.4 22.6 7.2 5.8 5.9 256.8 123.1 95.9 28.9 19.1 22.6 83.2 37.9 34.8 4.9 2.4 12.4 269, 229 153.1 160. 2 195.9 27 27 30 35 38 43 48 60 67 10, 567 10, 501 10,450 10, 929 10, 655 9,978 11,385 9,256 8,249 124 127 148 159 169 167 201 188 264 11.9 13.1 13.7 13.1 11.8 12.0 16.8 12.3 11.9 42.2 44.9 49.8 48.4 40.5 41.8 55.1 39.7 45.1 7.3 5.4 9.1 13.8 4.4 12.5 11.2 10.7 18.1 33.2 76, 646 26.0 83, 076 30.0 88,324 40.1 93, 608 65.1 95,940 63.7 91,127 75.1 117,031 69.6 95, 673 76.4 73,586 1,521 1,681 1,415 1,614 1,761 1,643 1,782 1,489 1,331 14,438 18, 306 17,732 18,374 17,864 17,402 23,475 19,547 19,497 6,198 7,428 7,632 7,813 8,105 7, 799 8,794 5,976 4,514 187, 675 191, 522 185, 044 170,846 149, 047 126, 211 102, 246 88, 776 74, 700 61 52 47 48 7,724 6,442 10, 514 13,338 205 142 199 235 10.3 9.1 15.6 19.7 37.4 31.2 55.2 67.3 17.9 11.9 18.1 23.8 58.9 56,471 36.3 44,736 44.2 108, 781 49.7 1,569 1,467 1,688 20, 395 23,081 28,479 29,483 3,889 3,156 7,138 9,089 7,317 8, 022 9,505 148 105 195 5.1 7.7 13.7 20.1 28.4 47.7 12.6 6.6 17.9 69.8 33.1 47.3 42,544 3 1,194 I 9,109 45,853 * 1,296 | 11,684 69, 996 31,575 | 25,360 4,460 4,218 5,818 108.1 128.1 98.6 42.4 11.2 57.5 Based on 3-month moving average and adjusted for seasonal variations. 2 203.4 207.1 191.6 30, 540 607, 269 86, 822 18, 202 15, 781 15, 807 194.5 194.1 194.8 195.2 195.1 195.1 195.1 194.9 194.9 2, 578,883 74, 011 2,620,119 75,836 2, 660, 677 79, 233 2,702, 247 80,877 2, 747,022 86,025 2, 788, 203 90, 432 2,838,086 95,595 2,886,013 97,089 2, 940, 029 102, 795 17,441 17,441 17,249 15,835 14,964 14,470 14,398 12,886 13, 221 65, 390 61,015 59,593 56,484 199.5 201.2 201.2 202.2 2, 984, 438 102, 800 3, 014, 423 102,942 3.040,137 103,358 3,060,029 105,972 12, 560 11,794 13.245 13,126 230, 646 164, 880 60,621 193.8 195.9 201.0 Index is as of 1st of month, May 1, 1936, 203.4. 15, 508 17,224 12, 6S1 11 SUEVEY OF CURRENT BUSINESS June 1936 Transportation URING the first 5 months of 1936 there has been 1931, but they were 15 percent less than in the same Dnoteworthy improvement in the volume of railroad period of that year. The gain over 1935 amounted to equipment purchases. Through May 21, 19,240 freight 8 percent, with all classifications showing increases, cars and 88 locomotives were ordered, according to the except livestock and 1. c. 1. loadings. For the lasttabulations of the Railway Age. These totals exceeded mentioned group, the total was not only below that of those for the full year of 1935, during which 18,699 1935 but was also lower than in any similar period since freight cars and 83 locomotives were ordered. Rail 1920. Miscellaneous loadings, which are composed buying also has expanded sharply, with orders for the largely of manufactured products, were 11 percent first 4 months of the year totaling 445,000 tons, more higher than in 1935. than twice the amount in the corresponding period in For the first quarter the railroads reported a loss of 1935, according to the same source. Purchases of all $27,923,134, compared with a loss of $43,359,976 in the types of equipment are still relatively small, however, corresponding period of 1935. The floods in March, in comparison with those of predepression years. which reduced the volume of freight traffic for a time Nevertheless, they have played a significant part in the and caused heavy expenditures for repairs; the severe rise in manufacturing activity this spring. weather conditions earlier in the year; and the inauguWeekly freight-car loadings have advanced steadily ration of employment-insurance taxes and pension since March, with the exception of the small recession taxes were all elements contributing to higher operating in the week ended May 9, but on a seasonally adjusted expenses reported by the railroads for this period. The basis, loadings are still below the December figure. basic difficulty, however, still lies in the slow rate of During the first half of May only one class of traffic, recovery in freight traffic. The table below indicates ore, showed a marked expansion and this increase was that the number of cars loaded is only about twoapproximately of seasonal proportions. Loadings usu- thirds of the 1929 volume. ally record the sharpest expansion of the year between While the financial statements of the roads for April April and May, but the increase is generally concen- are not yet available, the return to more normal opertrated in the latter half of the month. ating conditions after the floods and the gain in loadings For the first 20 weeks of the year total loadings suggest that the results for the month will be considerexceeded those in comparable periods of all years since ablv better than those for March. RAIL AND WATER TRAFFIC Freight-car loadings F. R. B. Index Year and month Unad- Adjusted* justed' Total Pullman Freight- passencar gers MerGrain Mis- surplus carCoal Forest and Live- chan- Ore celand prodried dise prodstock laeoke ucts ucts neous Monthly average, 1923-25= 100 1929: April 1930: April. 1931: April 1932: April. .. 1933: April. 1934: April 1935: April May_. June.__ July _ August September October. November December 1936: January , February... March April Monthly average, January through April: 1934 1935 ...I 1936 i Daily average basis. Thousands Thousands of cars * Financial statistics, class I railways Operating revenues Canal traffic Netrail- Sault New wayop- Ste. York Panama 3 erating income Marie State Thous. Thousands of of long short tons tons Thousands of dollars 102 93 T, 5' 51 60 108 97 80 59 53 62 997.3 913.4 757.5 557.3 506.4 585.1 158.1 146. 5 122.4 95.3 82.2 107.2 69.6 57.5 33.3 19.8 17.5 24.2 36.0 38.8 37.7 31.2 35.9 26.5 26.7 25.0 22.3 19.3 16.9 16.3 265.5 250.1 225.1 186.3 161.1 166.0 27.7 18.2 8.6 3.7 3.4 7.2 413.7 377.5 308.1 201.5 189.4 237.6 221 428 603 728 619 368 2,582 2,420 1,986 1,286 974 1,212 508,587 445,850 365,419 264,886 224, 859 265,406 92, 526 60, 901 38,820 20, 273 19, 351 32,434 4,406 410 922 369 696 13 60 312 349 250 183 140 1,194 1,120 929 620 664 1,038 59 61 63 60 64 70 73 67 62 61 61 63 58 60 62 64 575.5 581.8 607.0 557.2 620.4 657.9 720.5 635.9 579.6 100.2 104.2 130.2 84.3 103.5 117.8 143.4 132.3 138.8 25.5 25.0 26.3 26.4 30.3 30.9 31.6 27.5 25.9 26.9 25.6 25.4 30.0 42.2 40.6 37.0 31.3 27.3 12.9 12.9 10.2 9.9 12.9 17.4 21.6 16.9 12.8 160.5 159.8 153.5 150.2 159.6 160.3 166.9 157.6 146.6 9.7 25.6 31.8 32.8 34.1 33.8 32.4 13.4 5.2 239.9 228.6 229.6 223.6 237.8 257.1 287.5 256. 9 223.1 310 305 272 296 245 229 208 252 271 1,193 1,146 1,309 1,286 1,425 1,364 1,278 1,246 1,409 274, 663 279, 549 281,336 275, 349 294, 018 306, 960 341, 018 301,331 296, 225 34, 709 39, 505 34,025 26,851 42,074 57,359 75, 425 54, 234 46,040 5,985 7,058 7,503 7,731 7,148 7,454 4,087 440 329 554 482 519 576 574 800 655 0 811 938 862 715 848 907 588.3 627.0 604.7 636.2 156.0 192.1 112.5 118.3 26.0 26.9 30.5 30.3 30.2 30.2 34.0 30.6 13.1 10.6 11.9 12.4 141.4 146.0 155. 6 161.8 5.6 5.7 6.0 8.9 215.9 215.6 254.2 274.0 231 171 205 179 1,533 1,359 1,312 299,099 300, 459 308, 304 313,408 35, 765 33,595 35, 206 41,548 0 0 0 37 582.7 576.9 614.8 140.3 135.3 147.5 22.1 23.7 28.3 28.9 26.1 31.2 15. 5 12.8 11.9 160.9 154. 3 150.9 4.2 5.2 6.5 210.7 219.4 238. 5 384 318 197 « 1, 222 266, 270 s 1, 274 268, 670 51,401 305,318 36, 283 30, 427 36,529 63 65 62 66 61 60 64 2 69 Adjusted for seasonal variations. 3 American vessels, both directions. * Average weekly basis. 0 0 0 * 3 months' average. 852 775 813 981 1,023 826 898 12 SURVEY OF CURRENT BUSINESS June 1936 Automobiles and Rubber HILE the 1936 peak of automobile production of cars announced an increase from 22 to 24 percent in W has apparently been passed the rate of assemblies the discount allowance to dealers. This was designed has fallen off very gradually. Current estimates place to strengthen the position of the dealers in a field the probable May production at a figure close to that where competition is extremely keen. for^ April, when United States factory sales amounted Profits of automobile manufacturers have increased to 502,775 cars and trucks, of which 469,545 were for considerably this year, but the parts and accessory the domestic market. To find a larger total, it is companies have not done so well. The two leading necessarytto go back to June 1929, and in only 5 months manufacturers of cars that issue quarterly statements, in the history of the industry have assemblies topped the reported profits for the initial period of 1936 well in half-million mark. All of these months were in 1929. excess of the totals for that period last year. The r 'indicated production for the first 2 months of the comparison is influenced, however, by the slow start of second quarter is thus approximately 1,000,000 vehicles, one company on the 1935 models. Twenty-seven compared with 814.000 in the same months of 1935. manufacturers of parts and accessories reported a Production of cars dropped sharply in May a year ago, combined net profit 8 percent less than the total for partly by reason of labor difficulties which for a time the initial quarter of 1935. curtailed the operations of one of the leading proIn the rubber-manufacturing industry, production ducers of low-priced cars. increased sharply in April, with crude consumption The current high rate of output has been based on reaching the record figure of 46,707 long tons. This the favorable trend of retail sales of cars. General brings the total consumption for the 4 months slightly Motors' sales to consumers in the United States, above the figure for the same period of 1935. Tire amounting to 200,117 vehicles, were the the highest in business increased in April, with the larger demand the history of the corporation, and they exceeded sales for original equipment tires supplemented by the to dealers b}r more than 5,000 cars. Sales of all makes seasonal trend in renewal tire sales. The latter probwere up considerably in April, although the seasonally ably have been stimulated to some extent also by the adjusted index continues to move erratically. Reports general increase in retail tire quotations announced by for the first half of May indicate that sales during this the major companies. At the same time the price period have been maintained on about a par with those increase was made, two of the leading tire producers of the first half of April. In May one leading producer announced general wage increases. AUTOMOBILE AND RUBBER STATISTICS Automobile production F.R.B. index, adjusted i Monthly av., 192325=100 1929: April 1930: April 1931: ApriL 1932: A p r i L . . . . . 1933: April 1934: April 1935: April May June July August September. _ October November __ December,._ 1936: January February March April Monthly average, January through April: 1934.. 1935 1936 Total Registrations Passen- Trucks ge? New New compassen- mercial ger cars cars Pneumatic tires» New passengercar sales Canada United States Year and month Automobile exports PassenTrucks ger cars * Total Production Adjusted i Monthly average, 1929-31 = 100 Number Thousands Unadjusted Crude rubber DoDomestic Imconmestic sump- ports shiption, ments total World stocks, end of month Long tons Thousands 143 102 77 35 43 85 622 444 337 148 176 353 538 373 287 121 150 288 84, 346 71,092 50,022 27, 389 26, 677 64, 620 41,901 24, 257 17,159 6,810 8,255 18, 363 47, 732 23,777 11, 229 4,669 5,662 16,511 16, 695 11,461 5,498 1,630 2,656 10, 756 481, 750 357, 064 265, 732 121,093 119,972 223,050 56,258 46, 978 36,851 17, 777 17, 301 38,882 232.7 154.5 112.0 55.5 45.5 87.9 154.5 103.5 75.0 37.5 30.5 59.0 5,913 4,518 3,955 2,813 2,499 4, 627 5,242 3,886 3,804 2,886 2,874 4,212 42,769 36,186 30, 655 23,877 22,817 40, 902 55,730 45,648 44, 908 38,454 21, 038 45,367 285, 570 419, 288 531, 832 630,803 629,159 658, 796 110 86 100 95 78 71 94 115 126 453 361 356 332 237 88 272 395 405 387 306 294 274 181 56 213 337 343 65, 778 55, 560 62,158 57, 765 56, 270 31, 443 58, 733 58, 145 61, 506 24,123 20, 702 15, 745 13, 069 7,692 5,323 8,313 13,496 13, 775 18, 341 13,604 16, 517 14, 752 10, 076 5,622 7,471 22, 491 17, 736 8,092 6,291 9,753 10, 274 9,997 7,081 7,109 8,038 10, 276 319, 650 293,199 280,360 285,178 233,851 157, 098 148, 389 220, 262 237,194 46, 785 47, 968 48, 243 51, 243 50, 355 41, 390 43, 243 37,616 38, 000 116.7 98.4 104.9 89.1 80.2 50.1 53.3 96.6 90.6 78.5 70.0 78.5 81.0 75.0 79.0 82.0 113.5 106.5 4,376 4,050 3,793 3,426 3,234 3,067 3,281 3,238 3,282 4,908 3,850 4,061 5,212 3,783 2,621 3,258 3,170 3,311 40,913 37,827 33,327 33,109 36,000 34, 000 38,192 38, 500 38, 648 41,456 30, 705 32,182 48,131 41, 483 35, 707 36,378 26, 073 39,812 677,006 677, 569 671, 525 679,061 680,644 661, 509 655, 000 623, 300 611,987 111 91 110 IU 364 288 421 503 298 225 344 417 65,730 62, 790 77, 448 85,643 13, 302 13,268 17, 974 24,951 15, 867 16, 046 18,921 17,723 9,787 9,913 9,999 8,330 215, 782 176, 668 296, 722 350,000 43, 760 40, 301 52, 000 57,000 69.3 65.5 117.6 140.9 102.0 89.5 101.0 92.5 3,709 2,898 2,947 3,079 2,545 3,065 43, 655 33, 071 38, 433 46,707 33, 921 34,339 34,874 15,830 600,479 599.355 574.594 553,694 269 375 394 217 312 321 52, 544 60,528 72, 903 12,005 18, 705 17, 374 11,303 16,357 17,139 8,603 7,566 9,507 138,117 222, 094 259, 793 30,039 39,463 48,265 56.2 85.3 98.3 38,985 40,411 40,467 42,982 44,116 37, 241 662. 609 685, 041 582,031 82 ' 117 119 i 1 Adjusted for seasonal variations. » Covers varying percentage of industry, see note on p . 55. - ! * 4, 345 * 3, 372 4, 318 ^ 3, 527 3,185 4 2, 896 4 4 » Includes taxicabs, see footnote on p . 59. * 3 months' average. 13 SURVEY OF CURRENT BUSINESS June 1936 Forest Products consumption, including exports, for thewere about one-fifth larger than the comparable total 1UMBER first half of the current year is estimated by the a year ago and were also about 8 percent in excess of J Special Lumber Survey Committee in a report to the production. Shipments exceeded production by a Department of Commerce at 10,650,000,000 board substantial margin during this period, with a resulting feet. This represents the largest consumption for the decline (partly seasonal) in producers' stocks. The period since 1930, but is only about 3 percent in excess ratio of unfilled orders to stocks for the four important of the comparable 1931 total and is 43 percent less than softwood regions is now the most favorable for the past the estimated consumption in the first 6 months of 6 years, the entire period for which data are available. 1929. In the first 6 months of 1935 the consumption The production statistics reported weekly for identiamounted to 8,615,000,000 feet and in 1932, the low cal mills reveal a rising tendency through the first half year of the depression, it was 6,780,000,000 feet. of May. The Committee found that the major sources of Production in the furniture industry in April was at increased business this year were the construction a slightly lower rate than in March, if the employment industry, which is by far the most important consumer and pay-roll data may be accepted as a correct guide. of lumber, and the agricultural implement industry in Reports concerning manufacturers' sales in April and which production has shown a substantial increase. early May indicate some slackening in the volume of The Committee reported that the increased use of purchases by retailers following the sharp spurt in lumber in the furniture industry was not so marked as March. The volume of retail sales, according to anticipated, and that the increase in the container reports received by the Department, is substantially industry, in comparison with the early months of 1935, ahead of a year ago. Reporting furniture stores in was only 2 percent. More automobiles have been three principal mid-Western States, for example, show produced this year than last, but the increased use of dollar sales in April to have been more than one-fourth steel in the current models has curtailed the market above the April 1935 total. for lumber to some extent. Exports of lumber this The increase in paper production in April was unyear have been less than in 1935. Increased consumption has been reflected in orders usually large, the rate of operation moving up to 82 received by the mills this spring, although there was percent of capacity from 76 percent in April. The little change in the volume from March to April. increase in the production of board mills was less Total orders for lumber for the first 4 months of 1936 pronounced. FOREST PRODUCTS STATISTICS Car load-1 ings Lumber production TurYear and month CaliFurniTotal South- fornia ture, AdTotal 3 softern redjusted* adpine woods wood justed* Millions of feet 1929- \pril 1930- April 1931- April . 1932- April 1933: April 1934- April . 1935: April— May June July. ... August SeptemberOctober November December 1936: January February March April Monthly average, January through April: 1934 1935 1936 . 1 Of forest products. 91 74 43 26 22 31 111.8 95.9 77.4 61.2 50.9 63.0 98.5 72.0 63.5 101.2 Short tons 116, 974 57.9 57.3 59.9 57.5 59.3 59.3 64.6 65.8 64.4 732,493 778,059 713,999 694, 705 806, 564 752, 268 914, 328 783, 476 714,352 96,852 93, 358 82, 098 86,121 88, 201 87, 911 95,894 89, 262 91,075 74, 651 84,141 77, 010 72, 797 75,160 71,262 79,974 78,955 75,869 260, 851 262,463 256, 665 260, 207 291,127 289, 596 345, 596 294, 290 243,594 132, 986 148, 984 132,181 121, 304 160, 510 135, 278 176, 973 138, 523 131, 544 166,122 201,970 161,884 153,811 148,142 160, 558 179, 821 187, 448 186, 514 98.0 98.1 97.1 99.0 60.5 55.2 59.2 57.0 823.183 757, 764 782, 517 101, 223 96, 068 101, 669 107,533 79, 336 79, 249 76, 500 76,470 270,928 271,107 285, 257 294,929 165,934 13G,087 140, 072 161,185 182, 213 183,974 183,399 99.8 97.7 98.1 39.3 47. 4 54.5 50.5 s 679, 879 54.3 5 741, 593 92, 283 58.0 s 787, 821 101, 623 79, 389 74, 708 76,139 243,711 5126, 220 262, 629 5140, 878 280,555 5147, 364 153,112 166,237 1,382 1,374 1,359 1,636 1,806 1, 750 1,971 1,620 1,422 1,102 1,084 1,074 1,358 1,517 1,457 1,669 1,347 1,215 107 107 110 131 137 125 149 134 126 25 26 26 28 34 34 38 33 30 33 33 35 39 40 42 42 40 45 71.1 70.5 69.6 72.4 73.3 73.9 71.7 71.6 72.4 99.2 99.0 98.9 98.9 99.1 100.5 100.3 100.7 99.7 1,490 1, 353 1,587 1,261 1,138 1,343 141 125 148 155 31 32 37 42 36 40 40 74.4 73.3 73. 7 74.7 1,289 1,153 «1,477 1,064 963 1,339 115 103 142 «23 522 5 33 31 33 40 61.6 67 2 72.2 5 111.3 85.1 62.5 36.3 24.4 40.3 ConWrap- sumption ping h paper l publishers 49.2 47.1 48.5 48.4 56.0 60.2 63.0 59.3 58.4 51.8 54.3 55.7 56.2 1,188 5 Book paper, News- Paper un- print board coated 189, 986 190, 936 174, 325 148, 351 132, 032 160,815 1,463 _ __ Total Monthly average, 1923-25 = 100 39 39 19 12 10 24 Newsprint Paper production ' Unadjusted Turtine penand tine rosin Furniand unad- ture rosin justed 278 165 106 89 117 . - _. board measure Pay rolls Employment 56.2 32.3 26.4 53.7 677,194 118, 667 109, 967 102, 377 91,490 74, 415 79, 609 223,845 251, 324 j 2 See note on p. 54. * See footnote on p. < i Adjusted for seasonal variations. 6 3 months' average. 177,693 14 SURVEY OF CUREENT BUSINESS June 1936 Iron and Steel for finished steel products has sustained DEMAND the rate of ingot production near the peak reached in April. After rising above 70 percent of capacity in the latter part of that month, operations have subsided only slightly in succeeding weeks. It is estimated that output for May will be about the same as in April, when production averaged 69 percent of capacity. On a daily average basis, output in April was the largest since Ma}T 1930 and was nearly 50 percent in excess of the total for April 1935. Automobile purchases have been an important influence in the maintenance of a relatively high rate of steel production through May. While other sources of business have required increasing tonnages this spring, it may be noted that the output of automobiles in April reached 503,000 units against 421,000 in March. Present estimates place the probable May requirements close to the April figure. Kailroad, structural steel, and machinery business has also tended to bolster the rate of operations. Orders for freight cars, steel rails, track work, and structural steel in April were each larger thanjin March. Continued improvement in machinery business is evidenced by a further gain in new orders for machine tools; domestic business for this industry in April was the best so far experienced in the recovery period. Orders for steel sheets were sharply lower than in March, although shipments were about one-fifth larger. Statistics on the volume of finished products made for sale in the first quarter are now available, and provide detailed information concerning the sources of increased business this year. Generally, the largest percentage increases have been in the heavy lines, but the output of this type of products is still relatively low. Production of heavy structural shapes in the first quarter was at the rate of 32 percent of capacity against 19 percent a year ago; standard rails 26 percent against 13; splice bars and tie plates 22 percent against 14; and bars 37 percent against 32. Production of pipes and tubes also showed a substantial increase. For lighter products the gains generally were smaller; thus, the capacity engaged for sheets dropped from 74 to 72 percent. The amount of both black plate and tin plate produced for sale was considerably in excess of the total for the first quarter of 1935. Production of all products utilized about 55 percent of total finishing capacity, compared with 45 percent in the opening quarter of 1935. Roughly the same proportion of finished capacity as of ingot capacity was engaged this year. In 1935 ingot production was at a rate some 5 points higher than the rate of finishing. The trade press has featured reports of prospective price increases for third-quarter delivery, and some price increases were announced in the latter part of May. Scrap prices have been declining, after rising steadily throughout the first quarter. IRON AND STEEL STATISTICS General operations Year'and month Production, adjusted 1 EmPay ploy- rolls, Ex- Imment, unadad- justed ports ports justed « Pig iron Production Thousands of long tons Monthly average, 1923-25=100 1929: April 1930: April. 1931: April 1932: April _-.„.. 1933: April 1934: April 1935: April _ May.. June._ _ July August September October November _ December 1936: January February _. March April Monthly average, January through April: 1934 1935 1936 Iron and steel Furnaces in blast Steel ingots Production Prices Steel sheets» United States Steel Corporation, Iron Steel Steel FinNew Ship- finished and billets, scrap ished orprod- steel, Bessesteel, mer (Chi- comcom- : (Pittsders ments ucts, ship- posite burgh) cago) posite ments Percent of capacity ThouNum- sands Thousands of ber of long short tons tons Long tons Dollars per long ton Dollars per 100 pounds 131 107 71 32 35 77 101.4 94.9 74.4 5.5.7 47.4 71.5 112.0 99.8 67.7 32.3 24.6 56.8 278 209 101 58 91 202 54 54 48 36 28 27 3,663 3,182 2,020 853 624 1,727 215 183 113 60 48 110 4,950 4,109 2,767 1,260 1,345 2,936 300 192 103 119 272 377 292 211 105 100 184 1,188,456 878,558 395, 091 335, 321 643,009 36.40 34.16 31.47 29.44 27.78 32.67 34.80 33.00 30.00 27.00 26.00 26.75 15.95 13.00 9.81 7.00 6.00 11.75 2.56 2.39 2.22 2.17 2.06 2.40 67 81 84 88 96 103 71.1 71.5 71.7 72.4 73.4 74.1 75.9 77.1 77.9 59.4 58.3 55.7 52.6 59.4 62.7 65.5 65.1 68.8 205 287 290 297 247 244 238 205 239 29 48 33 32 31 53 60 57 54 1,663 1,727 1,553 1,520 1,761 1,776 1,978 2,066 2,106 97 97 91 95 99 104 116 122 120 2,641 2,634 2,259 2,268 2,916 2,825 3,143 3,150 3,073 150 129 206 207 196 226 289 203 202 187 161 152 181 177 221 213 195 591,728 598,915 578,108 547, 794 624,497 614,933 686,741 681,820 661,515 32.29 32.35 32.42 32.44 32.68 32.82 32.84 33.15 33.31 27.00 27.00 27.00 27.00 27.00 27.00 27.00 28.00 29.00 9.85 10.06 9.97 10.35 12.38 12.50 12.50 13.00 13.35 2.44 2.44 2.44 2.44 2.43 2.43 2.43 2.43 2.43 83 83 100 77.6 75.9 76.1 77.7 64.4 65.2 69.9 73.7 242 214 264 302 50 43 57 49 2.026 1,824 2,040 2,404 117 120 126 144 3,046 2,964 3,343 3,943 175 138 252 190 207 176 210 252 721,414 676,315 783, 552 979,907 33.34 33.48 33.21 33.10 29.00 29.00 28. 20 28.00 13.38 14.19 14.75 14.34 2.43 2.43 2.37 2.36 68.0 70.5 76.8 48.7 57.4 68.3 198 255 256 28 25 50 1,457 1, 630 2,074 96 95 127 2,486 2,788 3,324 206 217 189 166 211 211 487,124 594, 244 790, 297 31. 63 32.44 33.28 26.19 27.00 28.55 11.35 10.85 14.17 2.33 2.44 2.40 1 Adjusted for seasonal variations. i Black, blue, galvanized, and full finished. 3 See table on p. 19 of the January 1935 issue. 15 SURVEY OF CURRENT BUSINESS June 1936 Textile Industries output of three of the four major rowed manufacturers' margins. According to the regAGGREGATE ^ branches of the textile industry was about the ular compilation of the Textile World, the spread between the average cost per pound of clean cotton and same in April as in March. After allowance for the usual seasonal increase, the index remained unchanged the average selling price of a representative group of at 100 (1923-25 = 100). Rayon production, which is print cloths has been cut substantially this spring. In not represented in the index, recorded a slightly more the week ended April 28, the margin was 14.2 cents, 1.3 than seasonal gain. Activity in the various branches cents less than the average for March and the lowest figshowed a continuation of the divergent trends that ure in the series which is available back to August 1933. have been in evidence for several months. Briefly, In the woolen industry, the situation was somewhat these comprise declining activity in the woolen and less favorable than in the preceding month, at least silk manufacturing industries, only minor changes in from the standpoint of volume of output. The seacotton mill activity, and the maintenance of a relatively sonally adjusted wool component of the textile produchigh level of operations in the rayon industry. tion index, which is based on wool consumption and Daily average cotton consumption was about 7 per- wool machinery activity, dropped 7 points to 89, the cent higher in April than in March. The gain was more lowest figure reported in 16 months. than is usual at this season of the year, and, on an ad- In the silk and rayon industries the data on delivjusted basis, cotton consumption was only slightly below eries did not record any significant changes from March that of the December-January period, when the rate was to April. Daily average deliveries of raw silk showed the highest since the "boomlet" in the summer of 1933. a small contraseasonal decline, but were higher than While cotton-spinning operations are relatively high, the average of the first 2 months of the year, after reports of sales trends suggest a less satisfactory mar- seasonal correction. The adjusted index of rayon deket situation. Orders received by New England mills liveries turned upvvard, after having recorded declines fell off in April, partly because of seasonal influences, in each of the three preceding months. While the and the employment data indicate a slackening in drop in rayon deliveries from the December figure has weaving operations. Furthermore, price movements amounted to about 25 percent, a movement of this of raw cotton and finished cloths have gradually nar- size is not unusual in this industry. TEXTILE STATISTICS Cotton, raw Production index, adjusted i Year and month Monthly average, 1923-25= 100 1929: April 1930: April 1031: April 1932: April 1933: April 1934: April 1935: April May June July... August September October November December 1936: _ January February March.,' April Monthly average, January through April: 1934 1935 1936 Mill consumption Cotton cloth, finishing Spindle activity, Plain total bleached WholeConsale price, sumpcotton tion^ Wool- Worgoods en sted 49, 205 36, 794 47,710 19, 954 28, 701 29,889 84 58 ,^ 122, 951 99.4 89. 6 71.4 55.1 50.7 88.2 144,429 130,284 90, 496 89,164 94, 521 93, 013 110,885 102, 292 101, 310 104,597 100,265 70,381 61,842 77, 913 86,948 97, 972 97, 331 104, 720 81.8 82.7 82.5 82.0 82.5 83.2 84.5 85.8 86.0 62, 066 70, 617 80,428 66,648 74, 781 80, 293 78, 727 72,993 73, 367 73 83 89 94 103 97 106 104 93 72 67 67 67 81 83 73 591, 309 516, 649 548,913 576,762 7,714 97, 435 92,807 6,736 7, 264 107,893 3 7,320 106,000 100, 528 91,860 95, 274 3 92,500 80.4 78.1 77. 1 76.2 73, 908 64,193 53, 460 55,387 95 96 85 62 68 59 82 510, 633 495, 417 558, 408 7,158 6, 697 7,259 142,364 143, 966 101, 034 114, 800 116, 282 95, 041 88. 1 82.9 78.0 34, 081 59, 265 61,737 72 83 90 119 95 96 65 85 90 631, 802 531, 911 508, 691 366, 481 470, 359 512, 594 8,861 7,497 7,125 5,199 6,570 7,259 150,138 102 100 105 104 106 113 106 111 468,402 470, 412 383, 982 390,712 408, 410 449,126 552,187 507, 836 498,329 6, 055 6,087 5, 102 5,155 5,545 6,184 7,445 6,897 6,804 91 100 102 Spinning spindles Thousands of pounds Millions of spindle hours 105 102 100 100 Print goods Thousands of yards i Adjusted for seasonal variations. 2 Silk Wool manufactures Monthly average, 1926= 100 Running bales m Wool Cotton manufactures WholeWholesale Deliveries sale price, to mills woolen Deliv- price, raw, and to Japaworsted eries Unmills nese, 13- ad- AdNar- Broad goods 15 (New just- JustYork) ed ed i 26 53 72 Hosiery Looms Percent of active hours to total reported 70 43 57 29 Rayon ThouBales Dollars Daily sands of 133 per average, of dozpounds pound 1923-25=100 en pairs 21 29 39 90.7 80.7 69. 0 59.7 53.3 82.0 53, 855 47, 584 41, 356 35, 779 41, 910 37, 392 5.145 4.186 2.266 1.421 1.324 1.318 266 236 413 186 392 290 256 227 397 179 376 279 9,878 27 28 25 24 31 33 42 44 43 73.1 73.5 75.6 76.4 76.4 76.9 79.1 80.7 81.0 39,757 38,361 33,728 44.166 41,715 45,156 48.167 37, 012 35,559 1.391 1.418 1.376 1.447 1.705 1.868 2.084 2.092 1.958 274 417 381 433 550 583 494 464 473 264 439 477 570 513 419 462 522 557 9,392 9,203 7,121 7,541 9,001 9,577 11,574 10, 293 8,918 81.4 82.8 83.8 82,2 38, 995 32,053 36, 000 34,564 1.950 1.784 1.733 1,682 477 517 422 433 487 454 399 416 10,099 9, 252 9,832 60 48 44 38 36 10,201 45 67 62 37 29 42 83.7 73.4 82.6 40,359 43, 320 35, 403 1.432 1.375 1.787 359 391 462 340 374 439 9,186 9,574 9,846 35 39 65 71 G4 41 42 Monthly average, 1»26= 100 Production Grease equivalent: see note on p . 58. 90 * Estimated. 16 SURVEY OF CURRENT BUSINESS June 1936 Farm Equipment Business Recovers Rapidly By E. V. Needham, Agricultural Implements Specialist, Bureau of Foreign and Domestic Commerce and production of farm equipment manu- year. For the low year, 1932, the value of production SALES factures have recovered rapidly in the past 3 years was not much more than half of this figure. after dropping to an extremely low level in 1932. In With the further rise in farm income so far during that year, the estimated value of production was less 1936, the upward trend of sales and production has than one-fifth of the 1929 figure. The improvement persisted. Although neither production nor sales data has resulted mainly from the rise in the income of the are available on a monthly basis, the figures on emfarm population, and particularly in that portion of ployment and pay rolls afford some indication of the the farm income which is available after meeting trend. For the first 4 months of the year the employcurrent expenses of production. ment index stood at 137 (1923-25-= 100) while the pay-roll index was at 168, these figures representing, BILLIONS OF D0LLAR5 respectively, increases of 44 percent and 59 percent over 14 the corresponding period of 1935. The April figures for I2 both employment and pay rolls were the highest Y//;/;/\ FARM l/MV£ OF PfiODVCTS . 1422^4 ftzrA/A/EO /Vfi COA/Sl/AfPr/Gt reported since 1929. I0 RgrSB PRODUCT/ON £XP£hS£5 8 Four Main Categories of Farm Equipment. 6 Generally speaking, farm equipment may be divided into four broad classifications. The first is tillage equipment, which includes plows, harrows, cultivators, planting and seeding machinery, and in general those machines which are used to prepare the soil, to plant and to care for the growing crop up to the time of harvest. The second group, harvesting machinery, is made up of grain binders, corn binders, reapers, combined harvester-threshers, threshing machines, hayrakes, mowers, and, in general, all equipment used in harvesting the crop and preparing it for market. The third and most important class, from the standpoint of value of product, is the tractor group, which comprises all types of tractors and parts. The fourth class, miscellaneous farm equipment, includes a wide variety of machines and appliances not used directly in the production of crops but important on every farm, such as barn equipment, dairy equipment, windmills, and poultry equipment. Figure 2 depicts the trend of production of these four general classes from 1920 to 1935, omitting a break-down for the years 1932, 1933, and 1934, for which comparable figures are not available. The chart reveals the growing importance of the tractor in relation to total production, a development which has been associated with the trend toward power farming. In the 5-year period ended 1924 the value of tractors represented 29 percent of the total value of farm equipment produced; in the succeeding 5-year period the percentage was 35. Complete data are not available for the years subsequent to 1929 but in 1930 the percentage was 41; in 1931 it was 34 and in 1935 it was 46. The number of tractors on farms has increased each year during the depression, notwithstanding the III Mill II III 1924 '25 26 'Zl '28 '23 '30 '31 '3Z '33 '34 '35 DP-367/ L Figure 1.—Distribution of Gross Income From Farm Production, 1924-35 (United States Department of Agriculture. Figure 1 shows the trend of gross income from farm production during the past 12 years, and the proportion of the total required for production expenses, as well as that portion representing the value of products retained for consumption on the farms. It will be noted that the amount available after meeting production expenses, and exclusive of the consumption requirements on the farms, dropped sharply after 1929 to reach a relatively small total in 1932. This decline was accompanied by a rapid drop in the sales of farm equipment. With the recovery in farm prices and farm income, and the added rental and benefit payments by the A. A. A., sales in the past 2 years have undergone a marked revival. Farm equipment business in 1935 was the best since 1930, although it fell considerably short of the results of the earlier year. Production amounted to $331,998,066, and sales in the United States were valued at $300,268,076, according to preliminary official statistics of the United States Bureau of the Census. Production during 1935, however, was only 65 percent of the 1930 figure of $507,002,259, and only bh percent of the 1929 figure of $606,621,812. Official statistics for 1931 show production of $214,390,792, while estimates for the intervening years, 1932 to 1934, inclusive, place production below the $200,000,000 mark in each adverse influences tending to restrict sales and the drop in production. According to the census of 1930, the number of tractors on farms was 920,021, and by July 1935 the number had increased to 1,174,889. At present the number is in excess of 1,200,000.! LIONS 17 SURVEY OF CURRENT BUSINESS June 1936 OF DOLLARS Improvement in Other Types of Equipment. Coincident with the development of the tractor and its widespread application to farming tasks has been the improvement and refinements in many other types of equipment. The "baby combine", for example, has recently been developed for the small farm with diversified crops. Heretofore the combine was suitable only for use on large farms and was beyond the reach of the small diversified farm except on a cooperative basis. Many other developments have been of interest, but lack of space prevents a more extensive treatment here. Comparative Production and Sales Data. '22 '23 '24 '25 '16 'Z7 '26 '29 '30 '31 '32 '33 Figure 2.—Value of Production of Farm Equipment and Related Products (Bureau of the Census, U. S. Department of Commerce). The accompanying table gives comparative figures on production and sales of the principal classes of farm equipment and related products for the years 1930, 1931, and 1935. It should be noted that the 1935 figures are preliminary and subject to correction, but it is not believed that the final figures will alter materially the data as here presented. NOTE.—The census of production of farm equipment and related products was not taken for the years 1932 to 1934 inclusive. The totals for |these years are unofficial Table 1.—Value of Farm Equipment and Related Products Manufactured estimates. and Sold, by Classes: 1935, 1931, and 1930 Development of "All-Purpose Tractor." The original tractor, which came into fairly general use during and immediately following the war, was somewhat limited in its application to agriculture. It was ideally suited to plowing, harvesting, and tasks requiring belt power, but it could not be used to cultivate row crops such as corn, cotton, and similar products. About 1925, the "all-purpose tractor" of lower horsepower was developed. This type overcame many of the objections to its predecessors and it has constituted a very large proportion of the total produced in recent years. In 1931, 61,940 wheeled tractors were produced of which 25,831, or 41.7 percent, were of the "all-purpose" type. In 1935, 138,084 wheel tractors were manufactured of which 106,343, or 77 percent, were of this type. Part of the gain made in 1935 was due to the development of the so-called "baby all-purpose tractor", a machine of small horsepower for use on small holdings. The track-laying tractor has also made important strides during the past few years, and has made a marked contribution to the industry's recovery. This particular machine has certain limitations for farm use, being employed mainly on extensive holdings, but it is a most practical machine for many industrial uses such as logging, road building, grading, and other tasks in the construction industry. An important development in the track-laying tractor industry in recent years was the utilization of the Diesel engine for power purposes. The first Diesel-powered tractor was produced in 1931 and subsequently the Diesel type has grown in popularity due to its low operating costs. It is now being marketed by all track-laying tractor producers. [The sales statistics refer only to sales by manufacturers and do not cover sales by dealers to consumers. The principal difference between the export sales as reported by manufacturers and the value of exports as reported by the Bureau of Foreign and Domestic Commerce is the fact that many manufacturers report to the Bureau of the Census on a fiscal-year basis, whereas the reports of the Bureau of Foreign and Domestic Commerce are compiled on a calendar-year basis. The figures for export sales understate somewhat and those for domestic sales correspondingly overstate the amounts of the actual sales, because of the fact that some manufacturers sell to middlemen who export a part but not all of the commodities they purchase, so that manufacturers do not in all cases know whether their products are destined for export. The value figures include values of attachments and parts.] Sold by manufacturers— Class Total. Planting, seeding, and fertilizing machinery. Plows and listers.. Harrows, rollers, pulverizers, and stalk cutters. Cultivators and weeders. Harvesting machinery... Haying machinery.. Machines for preparing crops for market or use. Year 1935 1931 1930 1935 1931 1930 Manufactured Total For use in United States $331,998,066 $324,415,989 $300,268,076 $24,147,913 214,390,792 248,979,523 (i) (i) 507,002,259 480,448,234 382,190,716 98,257,518 14,981,579 15,204,595 14, 625,472 579,123 (0 10,862,052 10,886,064 0) 26,087,161 23,343, 796 21,039,871 2,303,925 1935 1931 1930 19,344,431 12,084,033 37, 830,174 18, 699,032 13,778,483 37,176, 586 28,483,065 1935 1931 1930 9, 036, 402 5, 867, 798 13, 814, 780 8, 557, 002 6, 362,103 13, 043,491 11,537,504 1935 1931 1930 11,892,32] 8, 595, 294 21, 892,105 11, 754, 538 10, 726, 330 19, 896, 356 1935 1931 1930 23, 642,993 19,955,370 62,145,315 27,750, 285 25, 288, 710 55,802, 536 1935 1931 1930 14, 752,185 7, 088, 582 17,186, 426 15,189, 671 7, 737, 719 15, 537,050 14, 707, 245 1935 1931 1930 15, 12, 048, 266 20, 760,106 15,365,045 13, 759, 856 22, 023, 810 14, 605, 936 16,839, 012 0) 8, 219,818 0) 1, 860, 020 0.) 8,693, 521 337,184 0) 1,505,987 11, 326, 758 427,780 18,729,205 1,167,151 25,453,849 2, 296,436 (0 0) 0) 0) 42,030,211 13, 772, 325 0) 14, 059,774 0) 18,862,307 482, 426 0) 1, 477, 276 759,109 0) 3,161, 503 147, 825, 552 137,990, 418 123, 432, 843 14, 557, 575 75, 572, 447 98,129, 434 0) 0) 205, 657,133 190, 535, 716 133,054,559 57, 481,157 9, 612, 533 533,968 9,078,565 10, 273, 380 3,194, 742 3, 022,007 (J) 0) 6,522,061 6,164,198 4, 773, 617 1, 748, 444 Tractors . 1935 1931 1930 Engines 2 . 1935 1931 1930 Farm wagons and trucks. 1935 1931 1930 5, 888, 111 1,884,003 4, 692,640 5, 806, 242 1, 810, 790 4, 594,760 4,514,512 1935 1931 1930 58, 914,124 57, 410, 940 90, 772, 221 58,486, 628 57, 305, 292 91, 972,072 85,106,091 Miscellaneous farm machines and equipment. For export 5, 777, 726 0) 56, 200,852 0) 28, 516 0) 80, 248 2, 285, 776 0) 6,865,981 1 Not called for separately on schedule. 2 Statistics for 1935 include data for engines up to 100 horsepower, whereas those for 1931 and 1930 include data only for engines up to 20 horsepower. i Estimates for years subsequent to the census are from the Research Department, Equipment Institute. Source: Bureau of the Census, U. S. Department of Commerce. DigitizedFarm for FRASER 69511—36 3 18 SURVEY OF CURRENT BUSINESS Aside from the marked increase in the value of tractor production, the largest relative increases from 1931 to 1935 were in haying machinery, plows and listers, and farm wagons and trucks. The increase in harvesting machinery, between the two periods, was relatively smaller than that for other major types of equipment. Improvement in Export Trade Lagging. Exports of farm equipment and related products fell precipitously from 1929 to 1932 and, while there has been some recovery during the past 3 years, it has MILLIONS 160 PERCENT 80 OF DOLLARS 70 14-0 ' \ \ 120 60 I S fl ra/ej —*-/ 100 50 .*' \ 80 \ \ t \ 60 30 s _ ^ 40 ' ^ — 20 ~—A Sea/ey) ^— \ 20 0 0 1919 '20 '21 'zz '•23 'Z4 \'Z5 '26 '27 '26 '30 '31 '32 '33 '3+ '35 OD- S7/2 6^ Figure 3.—Exports of Farms Equipment and Related Products and the Percentage of the Production of these Products Exported (Bureau of Foreign and Domestic Commerce, U. S. Department of Commerce) NOTE.—A census of production of farm equipment and related products was not taken for the years 1932 to 1934; the totals used for computing the percentage of the products exported for these years .are unofficial estimates. See figure 2 for production data. not been so marked as the gains in domestic sales. During the period 1924 to 1931, inclusive, the proportion of the total domestic production exported exceeded 20 percent. In 1931, when the ratio was highest, the percentage was 27. Although official production figures are not available for 1932, 1933, and 1934, only about 10 percent of the estimated production was exported, or approximately the same as the figure revealed by the official data for 1935. Figure 3 shows the value of exports for the period 1919 to 1935, inclusive, together with the ratio of exports to production for all these years, except 1919. June 1936 The rapidly expanding trade during the 1920's was largely the result of the demand in certain foreign countries for power-farming equipment. In Canada, Argentina, South Africa, and Australia, a large market for tractors, combines, and other power-farming implements was developed. An additional factor in this expanding trade was the inability of certain major farm equipment producing countries to compete on favorable terms with United States manufacturers in agricultural areas while the domestic manufacturing industries in these countries were being rehabilitated. During recent years of more restricted markets, manufacturers in these countries have offered more aggressive competition to American sales organizations. Furthermore, sales were restricted by the many foreign trade barriers, such as high tariffs, exchange controls, import restrictions, and other artificial impediments to the flow of trade. Were it not for unusually large purchases by the Union of Soviet Socialist Republics in 1930 and 1931, the foreign trade statistics would make a much less favorable showing during the early years of the depression. In these 2 years, exports to the Union of Soviet Socialist Republics amounted to $79,790,000, or 46 percent of the total exports. Sales to this area have been reduced to relatively small proportions since 1931, owing to the rapid development of the Soviet farm equipment manufacturing industry. The reciprocal trade agreement program may alleviate some of the adverse influences operating to restrict trade. The agreement with Canada, effective January 1,1936, removed all tariff duties on tractors and lowered the duty on other farm machinery. This market has always been the leading foreign purchaser of American farm equipment. The agricultural situation and general business outlook in Australia and South Africa have improved during the past year with a resultant gain in exports to those countries. Better agricultural conditions in Argentina have stimulated sales to some extent in that major market. Exports for the first quarter of 1936 were valued at $8,913,374, an increase of 36 percent over those of the corresponding quarter of 1935. While the largest total for this period since 1931, it was much smaller than in the earlier period. 19 SURVEY OF CURRENT BUSINESS June 1936 COMMERCIAL STOCKS OF GRAIN l [Thousands of bushels] Month 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 Stocks of Domestic Barley in the United States January February. _. March April May June July August September.. October November.. December. _ 6,664 6,116 5,339 3,675 3,046 2,720 3,108 5,041 6,549 5,957 5,769 4,825 Monthly average. 4,901 14, 587 17, 975 19, 330 20, 647 19,958 18, 291 17, 236 16,123 14,535 13,010 11,322 10, 633 10,027 13,264 17,744 17, 531 19,164 18, 290 16,406 14,255 11,757 9,621 8,100 6,102 5,234 8,635 13, 918 18, 436 18, 245 18, 088 6,097 14, 709 14,907 12,400 10, 681 11,067 11, 744 10, 926 11, 985 11, 399 9,998 8,323 7,373 6,861 8,803 12,894 12, 563 12, 721 11, 760 12, 074 10, 961 10,415 9,726 8,137 6,843 6,366 6,746 10,945 15,856 15,018 14,637 13,987 14, 261 12, 279 10,159 7,319 6,232 6,716 6,568 7,093 7,211 7,355 7,124 6,164 5,710 5,185 4,179 3,732 3,005 2,793 3,440 6,651 8,976 9,380 9,862 10, 245 6,626 10, 563 10, 803 8,207 4,423 4,273 4,588 3,890 2,410 2,801 3,395 9,318 10, 516 10,162 9,848 9,599 12,181 13,417 16,971 15, 280 14,407 12,913 Stocks of Domestic Corn in the United States January February. March April May June July August September October - ._-_._.. - - -. -.- November December M o n t h l y average -- 40,670 47, 515 49,759 39,010 31, 224 36, 268 31, 782 23,324 24, 913 21, 661 20, 254 28, 741 30, 717 44,786 48, 273 36, 835 27, 497 17, 650 12,304 9,768 6,894 2,032 6, 353 18, 565 28, 797 36,927 37, 744 31, 680 15, 951 13, 740 9,076 6,340 4,421 3, 639 2,982 8,228 16, 079 24,944 25, 671 21,073 11,463 7,049 3,421 4,220 4,710 4, 550 7, 332 17,190 17, 383 20,127 22,174 19, 697 12,337 7,279 8,363 9,066 5,586 7,341 9,803 12, 664 14,176 18, 528 22, 693 22, 032 20, 708 16,117 11,144 14, 739 18, 705 27,973 26, 537 30,633 33, 648 34,914 36,151 31,958 38, 780 48,618 63,274 57, 764 59, 791 61, 355 65,053 70, 540 68, 946 69, 424 66, 314 57, 343 46, 257 38, 312 39, 604 61, 373 63,803 58,482 50,166 43, 752 34, 497 28,002 21, 352 15, 205 10, 642 7,491 5,637 5,655 3,421 2, 060 4,466 8,158 32, 927 21, 806 16, 627 12, 309 12, 652 20, 332 50,154 55, 315 12, 216 6,659 5,116 7,866 7,650 Stocks of Domestic Oats in the United States January February March April May June July August September October November December 47,421 45,105 38, 481 30,513 22, 553 17, 686 11,886 23, 224 26, 513 25, 682 24,784 23,815 20,006 21,127 16,803 11,667 7,171 3, 338 1, 939 15, 992 17, 561 16, 900 15, 399 17, 314 16, 219 16,801 14,003 12, 268 10, 591 8,592 8, 668 24, 318 28, 597 32, 762 30,064 29, 568 26,097 22, 937 19, 484 16,519 13, 247 11,028 9,102 25, 844 32, 904 33, 265 30, 504 30, 896 26, 770 23,029 19,055 13,930 9,681 8,042 8,021 15,013 17, 372 18,180 18,161 16,810 17,096 17, 938 15, 796 13, 621 11,272 10, 657 12, 627 27, 273 28, 895 29,084 27, 484 26, 443 26,116 25, 946 24,195 21,878 23,959 28, 430 35, 589 46,193 50, 846 49,870 48, 755 47, 229 45,177 42,399 38,190 33,013 26,237 23, 369 21,824 26, 344 26, 271 24, 245 23, 570 23, 384 22, 332 19, 729 15,656 12,093 11, 003 8,838 7,525 25, 602 41, 215 45, 701 45, 320 43,513 M o n t h l y average 28,139 13,768 19, 371 22, 652 16,172 19, 849 35, 751 29, 502 24,877 41,893 40, 766 39, 018 35, 500 Stocks of Domestic Wheat in the United States January February.-March April May June July August September, October November.. December. _ 56,304 56, 262 49, 910 37, 667 27, 833 21,052 33,677 62,042 78,811 89,684 91, 589 88, 581 79,152 72,858 68, 791 61, 957 48, 286 38, 587 52, 421 93, 870 115,469 139, 493 140,172 144, 351 129, 646 126, 377 124, 756 115, 602 96,059 90,442 136,423 186,847 198,211 202, 461 189,926 185,151 168, 346 160,674 153,122 135,471 120,303 109, 327 161, 897 201,319 223, 826 211, 381 206, 618 199,649 202, 694 208, 651 214,242 206, 490 209,110 203,491 235, 727 261, 742 256,327 244, 043 236, 616 226, 874 217,719 216, 282 207, 215 186, 549 174,118 168,405 175,918 188,342 194, 858 191,829 176, 428 168, 465 158,031 148, 242 135, 552 124, 395 117, 536 123, 712 134, 946 151,738 156,652 153, 262 142,187 132,511 116,472 107, 233 97,132 88, 821 78,967 80, 548 112,551 122,380 120,075 108,518 99,158 90,937 75, 274 61, 751 51, 882 41,958 30,775 21,951 34, 739 62, 495 79,703 84, 326 81,173 78,444 Monthly average. 57, 784 87, 951 148, 492 170, 994 225, 501 188, 844 139,897 101, 899 58, 706 70, 251 59, 922 51,945 40, 698 Stocks of Canadian Wheat in Canada January February March April May June July August September October November December Monthly average 107, 835 110,602 102, 223 67, 856 51, 744 38, 974 36, 524 21, 706 28, 909 61,831 92,487 122, 678 136,938 139,028 131,334 121,195 98, 041 82, 781 51,882 26, 964 85,804 140, 441 149,054 179, 805 176,196 169,379 164, 429 133, 397 115,126 94,939 82, 766 81,348 145, 739 188,009 187, 784 191,139 184,834 178,689 170, 688 157,912 128, 020 110, 202 86,463 84, 287 140,943 167, 287 177, 000 185,017 175, 741 172, 699 169,407 153,088 126, 601 107,861 105,193 96,449 119,117 152, 863 169, 088 172, 631 173, 593 171,191 172, 281 159, 982 138,616 134,040 116, 767 110,818 187, 252 225, 519 221,997 223, 816 219,866 215, 785 219, 537 217,309 196, 382 194, 776 189, 926 194,168 221, 762 242,073 228, 561 227, 649 223, 888 220, 524 218, 368 205,796 195,084 179,438 177,713 174,123 214,357 236, 325 230,911 230, 531 221, 831 219, 318 215,031 202, 336 192,175 187,905 186,788 176, 319 213,690 238,700 232, 977 226,479 70, 281 111,939 144,188 147, 612 143,395 169, 656 213,983 208, 922 209,462 215, 199, 192, 172, 226 734 233 753 i Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. The series shown above, with the exception of Canadian wheat in Canada, includes domestic grain in storage in public and private elevators in 41 markets and grain afloat in vessels or barges in harbors of lake or seaboard ports. They do not include grain in transit either by train or water, stocks in mills or mill elevators attached to mills, or private stocks of grain intended for local use. Stocks of Canadian tion to show the above data only to represent stocks of grain, in the 1936 Supplement to the Survey of Current Business. 20 SURVEY OF CURRENT BUSINESS MANUFACTURED GAS Customers Year and Month Total Domestic Sales to consumers House heating Industrial and commercial Domestic Total House heating Revenue from sales to consumers Industrial and commercial Domestic Total Industrial and commercial House heating Thousands of dollars Millions of cubic feet Thousands 1929 m o n t h l y average. 1930 m o n t h l y average. June 1936 l 10,113 10, 289 9,638 9,786 32 43 436 453 32, 878 33, 009 23, 038 23,143 1,177 1,515 8,483 8,160 36, 323 36, 504 27,8; 27,918 i 995 1,252 7, 334 7,177 10, 290 10, 241 10, 266 10, 255 10, 320 10,272 10, 298 10,299 19, 344 10,330 10, 242 10, 207 9,773 9,714 9,744 9,734 9,784 9,730 9,770 9,773 9,814 9,796 9,705 9,666 54 53 51 51 51 49 44 42 43 51 56 58 456 467 464 464 479 488 477 478 480 476 474 476 37,158 34,622 34, 084 34,315 33, 277 31, 433 27, 821 26,476 29, 204 31,356 31, 740 32, 778 24,958 22, 898 22, 668 23,471 23,664 23,125 20, 628 19, 582 22, 022 23, 523 22, 765 22, 677 3,715 3,396 2,941 2,347 1,415 596 213 155 195 622 1,527 2,554 8,269 8,142 8,278 8,314 8,043 7,572 6,856 6,612 6,838 7,037 7,264 7,345 40, 116 37, 598 36, 958 37,470 36, 745 35, 422 31, 965 30, 556 33, 544 35, 422 35, 251 35, 720 29, 613 27, 518 27,121 28, 081 28, 360 28, 084 25, 510 24, 352 27, 076 28, 495 27,423 27,106 2,918 2,679 2, 356 1,927 1, 181 505 200 154 190 549 1,211 1,963 7,441 7,272 7,320 7,304 7,078 6,715 6, 151 5,950 6,159 6, 256 6,457 6, 514 10, 280 9,750 50 473 32, 022 22, 665 1,640 7,548 35, 564 27,395 1,319 6,718 10,113 10, 094 10, 064 10, 080 10,043 10, 004 9,938 9,888 9,882 9,852 9,786 9,729 9,615 9,592 9,562 9,578 9,544 9,510 9,453 9,404 9,399 9,359 9,290 9,231 57 57 57 56 55 50 43 45 46 56 59 60 434 437 437 437 435 436 434 431 429 429 429 429 33, 034 31, 449 33,069 32, 330 30, 111 28, 456 25,814 23, 948 26, 393 28, 526 28,688 30, 357 23,132 21,487 22, 724 22, 879 22, 522 22, 024 20,132 18, 567 20,805 21, 970 20, 698 21,134 2,908 2,972 3,212 2,589 1,306 465 208 158 198 708 1,812 2,904 6,763 6,777 6,922 6,676 6,111 5,814 5,336 5,076 5,228 5,648 5,966 6,090 37,108 35, 252 36, 825 36, 422 34, 647 33, 397 30, 654 28, 718 31,299 33,034 32, 429 33,558 28, 414 26, 503 27.778 28, 054 27, 691 27, 420 25,334 23,646 26,053 27,062 25,436 25,697 2,255 2,296 2,460 1,981 1, 043 392 196 151 186 586 1, 355 2,064 6,288 6,308 6,437 6,247 5,780 5, 461 5,015 4,812 4,941 5, 252 5, 496 5,645 9, 956 9,461 54 433 29, 348 21,506 1,620 6,034 33,612 26,590 1,247 i 1931 January February March April May June... July... August September October November December --.-. .- Monthly average _ 1932 January February... March April__ May June July August September.. October November. December_. Monthly average. 1933 January February March April May June July August. September October. November December 5, 640 I ---- ! . Monthly average. 9,599 9,566 9,576 9,581 9,553 9,618 9,613 9,636 9,692 9,708 9, 683 9, 680 9,107 9,077 9,087 9,092 9,067 9,134 9,136 9,157 9,208 9,205 9,169 9,161 59 59 59 59 56 50 43 43 48 68 78 80 424 421 422 421 422 423 426 428 427 428 428 430 30,643 29, 206 29,373 28, 839 28, 271 26,867 24, 394 23,826 25, 798 27, 669 28,805 30, 476 21,376 20,038 20,457 20,469 20, 707 20,212 18,165 17, 621 19, 592 20,613 19,873 20,176 3,035 3,001 2,897 2,271 1,268 432 208 179 247 822 2,440 3,586 i 6,030 5, 980 5,820 5,936 6,146 6,088 5,895 5,900 5,820 6, 052 6, 296 6,516 33, 698 32,171 32, 320 31,911 31,575 30,645 28,001 27, 442 29, 676 31, 203 31,352 32,357 25,855 24, 437 24,759 24, 868 25,188 25, 006 22, 780 22, 250 24,400 25, 323 24, 231 24,428 2.133 2,119 2,037 1,643 938 356 I 191 169 I 221 615 1.616 2,300 5, 566 5,478 5,371 5,270 5, 308 5,169 4,931 4.924 9,625 9,133 58 425 27, 847 19, 942 1,699 6, 040 31,029 24.460 1,195 5, 247 9,150 9,183 9,157 9,198 9,281 9,303 9,309 9,337 9,386 9,381 9,338 9,311 95 105 114 117 433 429 435 433 431 432 433 434 433 435 435 437 31, 827 32,105 32, 522 30, 645 29,186 27. 623 24, 495 23, 870 20, 684 28, 283 29,117 31,097 20,789 20, 579 20,843 19,654 19,741 19, 649 17,365 16,873 19, 541 20,149 18,750 18,896 4,160 4,137 3,937 3, 261 1,962 714 378 332 441 1,168 3,268 4,794 fi, 670 7,191 7, 552 7, 561 7, 334 7,124 6,586 6,538 6,545 6, 790 6, 917 7,199 33,661 33, 324 33,586 32, 049 31,637 30.700 27.701 27, 064 30,138 31. 375 31,337 32, 274 25,068 24,451 2% 722 24,057 24,660 24, 645 22, 258 21,712 24,518 24, 966 23,764 23, 601 2,825 | 2,930 | 2,779 i 2,094! 1,267 i 534 298 267 395 895 1,906 2,886 5,625 5,803 5, 948 5, 757 5, 592 5, 421 5, 046 4,980 5,118 5,388 5. 540 5, 652 9,817 9,278 96 433 28,954 19, 402 2,379 | 7,000 31,237 24.035 1, 590 5, 489 9,817 9,830 9,841 9,869 9,936 9,949 9,948 9,956 10,023 10,033 9,994 10,005 9,253 9, 268 9, 279 9,303 9,369 9,389 9,394 9,407 9,473 9,467 9,421 9,425 119 122 114 117 120 115 106 104 106 121 128 131 43.' 430 435 437 435 434 43( 432 435 434 43' 43! 33, 615 32, 899 31,065 30, 943 30, 304 28, 897 25, 723 24.479 27, 492 29,897 30,164 33.480 19,916 19,477 19, 034 18, 742 19,166 19, 764 17,601 16,673 19,189 20,008 18,"43 18, 679 5, 755 5, 422 4,160 3, 789 3,027 1,271 550 387 550 1, 571 3,223 5, 716 7,731 7,806 7,682 8,233 7,944 7,720 7,396 7,288 7, 600 8,134 8,206 8,861 33, 801 32, 877 31,641 31,370 31,834 31,189 28, 313 27,137 30,140 31, 753 31,308 33,013 24, 044 23,150 22, 805 22, 953 24,275 24,669 22, 575 21,539 24,140 24,697 23,416 23,336 3,726 3,709 2,927 2,417 1,695 894 419 313 475 1,150 1.849 3,291 5, 887 5,884 5,772 5, 857 5, 736 5,524 5, 216 5,175 5,415 5,782 5,912 6,244 9,933 9,370 29,913 18,899 I 2,952 7, 883 31,198 23, 467 1,905 5,700 4, m 5,138 5, 374 5, 494 1934 January February... March April May June July August September-. October November.. December.. M o n t h l y average. | I j I 1935 January February... March April May June. July August September.. October November.. December.. Monthly average. i Compiled by the American Gas Association and represent a revision of the data that appeared in original form on p . 144 of the 1932 annual supplement and in revised form on p . 19 of the M a y 1933, p. 20 of M a y 1934, and p. 19 of the May 1935 issues, as well as data shown in subsequent monthly issues until April 1936, wherein statistics for the month of December 1935 were last shown. The revisions for 1934 and earlier years resulted from the reclassiflcation of manufactured and natural-gas companies according to the kind of gas they were distributing in 1934. For example, former distributors of manufactured gas who changed to the distribution of natural gas in 1934 have been excluded from the figures for manufactured gas for all prior years. If it is found that further changes occurred in the classification of companies between 1934 and 1935, the figures will be again revised according to the 1935 classification. Data for 1935 cover only companies distributing manufactured gas; however, the figures as here shown include some revisions which were not available wThen they were originally published in previous monthly issues of the SURVEY. The natural-gas series in revised form for the period 1929-35 will appear in the July 1936 SURVEY. For 1936 monthly data refer to p. 41 of this issue. SURVEY OF CUERENT BUSINESS June 1936 21 WEEKLY BUSINESS INDICATORS * [Weekly average, 1923-25=100] 1936 1935 May May May May May 30 23 16 9 Business activity: New York Times* Business week*1 Commodity price, wholesale: Dept. of Labor, 1926=100: Combined index (784) Farm products (67) Food (122) . P All other (595) Fisher's Index, 1926=100: Combined index (120) Copper, electrolytic} Cotton, middling, spot 99.4 100,3 74.2 74.2 81.2 80.5 81.0 81.6 82.2 82.3 82.7 67.4 67.4 67.4 67.4 67.4 63.8 63.8 43.4 43.0 43.0 43.0 42.6 41.5 45.6 50.1 50.1 52.5 30.2 33.1 71.1 69.7 70.0 59.0 62.4 105.4 105. L02.4 44.2 42.8 50.6 42.0 1936 June May 2 26 May May May May May 30 23 16 9 2 Finance—Continued. Banking: Debits, outside N . Y. C . t - Federal Reserve reporting member banks: 73.9 73.7 Loans, total 60. 60.1 Interest rates: 67.7 67.4 Call loansX 79.0 79.0 Time loanst Money in circulation:}: 75.8 75.5 Production: 60.1 60. 1 Automobiles „ 43.4 42.3 Bituminous coalj Cotton, consumption Electric powerf _,__ 28.4 Lumber 60.5 65.3 Petroleum 100.5 Steel ingots.. Receipts, primary markets: Cattle and calves 53.1 55.3 Hogs .__ _.* Cotton ... _ 105. 0 105.0 i Wheat 84.4 j 84.6 82.3 81.6 85.2 84.7 63.7 63.9 65.' 66.8 78.2 78.1 78.6 79.1 80.2 75.0 74.4 76.1 77.1 80.7 81.5 77.5 77.4 78.0 79.1 84.4 84.3 78.7 78.9 78.9 77.8 Construction contractst Distribution: Carloadings Employment: Detroit, factory Finance: Failures, commercial Security prices: Bond pricest Stock pricest 72.4 1934 8.2 54.3 56.3 114.2 113. 9! 113. 6 113.3 112. 106. 3 106.3 92.! 94.5 124. 4il22.2 ; 121.9| 120. 5 * Computed normal = 100. • Data do not cover calendar weeks in all cases. 80.2 87.8 82.0 1935 95.' 63.9 85. 0j 73.5 66.8 66.9 67.3 66.4 1934 June M a y 26 66.8 68.0 64.5 24.2 18.2 18.2 6.1 6.1 24.2 24.2 28.6 28.6 22. 22.9 5.7 5.7 22. 22.9 122.1 121.7 121.7 122.0 121.1 113.5 113.2 110. 2 109.9 142. 0 143. 9 153.6 155.7 155.7 86.1 132.0 71. 0 100. 0 66. 6 66.1 67,1 67.0 75.2 62.5 63.6 60.7 108.4 108.4 106.5 85.9 85.4 91.9 94.6 29.5 31.9 117.8 119.7 104. 115.4 117.3 117.8 116.9 115.8 97.8i 101.8 94.6 99.3 57.4 54.4 52.7 51.5 30.7 28.7 141. 3 144.4 144.4 142.2 140.5 123.71 125.1 90. i 92.1 55.3 56.6 90.8 90.! 67.4 58.8 73.7 72.3 65.5 72.3 34.7 38.4 41.7 41.5 29.5 31.0 30. C 34.6 38.1 25.8 20.0 16.9 33.5 39.7 27.8 27.0 27.9 34.3 22.5 77.6 76.3 83. 90.0 83.3 84.0 26.5 25.0 37.5 39.7 t Weekly average, 1928-30=100. X Daily average. WEEKLY BUSINESS STATISTICS • 1936 May 30 C O M M O D I T Y PRICES, WHOLESALE Copper, electrolytic, New York____ dol. per lb._ Cotton, middling, spot, New York dol. perlb_. Food index (Bradstr eel's) dol. per lb_. Iron and steel, composite dol. per t o n . . Wheat, No. 2, hard winter (K. C.) dol. per b u . . FINANCE Banking: Debits, New York City mills, of doL. Debits, outside of New York City..mills, of doL. Federal Reserve banks: Reserve bank credit, total mills, of dol_. Bills bought .mills, of doL. Bills discounted mills, of dol.. U. S. Government securities mills, of doL. Member bank reserve balances mills, of dol.. Excess reserves, estimated mills, of doL. Federal Reserve reporting member banks: Deposits, net demand, adjusted., .mills, of doL. Deposits, time . mills, of doL. Investments, total mills, of doL. U. S. Government direct obligations mills, of doL. Obligations fully guaranteed by TJ. S. Government mills, of dol.. Loans, total mills, of dol.. On securities mills, of dol.. All other mills, of dol... Interest rates, call loans . percent.. Interest rates, time loans ...percent.. Exchange rates: French franc (daily av.) cants.. Pound sterling (daily av.) dollars.. Failures, commercialt .. .number.. Money in circulation mills, of doL. Security markets: Bond sales (N. Y. S. E.) -thous. of dol. par value.. Bond prices, 40 corporate issues dollars.. Stock sales (AT. r Y. S. E.) thous. of shares.. Stock prices (A . Y. Times) dol. per share.. Stock prices (Standard Statistics) (421)..1926=100.. Industrial (351) 1926-100 . Public utilities (37) 1926=100 . Railroad (33) 1926=100.. P R O D U C T I O N , CONSTRUCTION, A N D DISTRIBUTION Production: Automobiles (Cram's estimate) number. Bituminous coal (daily a v . ) . thous. of short tons.. Electric power mills, of kw. hr_ Petroleum thous. of b b l . Steel ingots (Dow-Jones' est.) pet. of capacity. Construction-contract awards (da. av.).th. 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. v Preliminary. 0.093 .118 May 23 May 16 193o May 9 May 2 1934 Apr. 25 June 1 May 25 June 2 1933 M a y 26 June 3 32.83 .91 0.093 .117 2.52 32. 87 .94 0.093 .117 2.54 32. 94 .93 0.093 .117 2.58 32.96 0.093 .116 2.60 33.00 1.01 0.093 .118 2.59 33.08 1.06 0.088 .113 2.60 32.43 .94 0.088 .124 2.61 32.41 1.00 0. 083 .118 2. 11 34. 81 0. 083 .115 2.11 32.89 .80 0.071 . 093 1.87 28. 46 .69 3,134 3,721 3,389 4,072 3, 515 3, 804 5,326 4,445 3,803 3,941 3,024 3,410 3,139 3,572 2,995 2,327 2,470 5 5 2,430 5,694 2,860 2,469 2. 430 5,611 2,774 2,478 5 5 2, 430 5, 532 2,097 2,472 5 5 2,430 5,506 2,686 2,467 5 8 2,430 4,827 2, 322 2, 469 5 34 2, 430 l', 693 2,218 20 302 1,890 2, 167 339 14, 562 5,028 13, 515 14, 390 5,043 13, 446 14, 272 5, 056 13, 462 14, 260 5, 076 13,485 14, 258 5, 047 13, 452 14,187 4,985 13,451 12, 556 4, 935 11,676 2, 459 5 7 2,430 4,821 2,328 12, 501 4,966 11,716 2, 415 2, 551 2,470 5 34 2, 430 3, 763 1, 680 2,908 3,100 2,466 4 5 2, 430 5,747 2,901 4, 092 4, 038 2, 475 5 5 2,430 5,442 2,635 13,068 4, 941 9,825 12, 958 4, 947 9,803 11,257 4, 654 8,232 8,920 8,868 8,872 8,847 8,802 8,805 7,778 7,844 6,654 6,665 5,146 1,290 8, 299 3,224 5,075 1.00 1.25 1, 285 8, 353 3, 256 5,097 1.00 1.25 1, 289 8, 358 3,257 5, 101 1.00 1.25 1,278 4,412 3,315 5, 097 .75 1.00 1, 281 8, 343 3, 304 5,039 . 75 1.00 1,277 8,332 3,282 5,050 .75 1.00 791 8, 111 3,156 4,955 .25 .25 801 8,059 3,143 4, 916 .25 .25 8,513 3,650 4, 863 1.00 1.00 8,494 3,643 4,851 1.00 1.00 8, 952 3, 876 5,076 1.00 1.00 6,583 4.99 180 5, 92!) 6.584 4.97 174 5, 909 6.594 4.97 206 5,911 6.583 4.97 171 5,923 6.584 4.94 196 5,881 6. 586 4.94 193 5,874 6. 587 4.94 221 5,512 6. 585 4.92 229 5,498 6.587 5.07 216 5,350 6.610 5.10 225 5, 335 4. 667 3.99 378 5,814 51, 810 102. 26 4,561 120.81 103.7 118. 5 99.4 47.0 45, 180 102. 00 4, 376 118. 69 101.0 116.2 95.3 45.1 43. 870 101. 70 4,611 118. 36 100.7 116. 2 93.2 44.6 48, 030 101. 49 5, 503 117.00 102.0 117.7 94.2 45.5 52, 030 101.07 10, 195 115. 54 97.7 112.7 91.2 42.8 52, 360 101. 67 8, 995 119.62 106. 3 122. 3 99. 4 47.5 45,910 95.18 6, 425 90. 15 73.3 85.0 67.6 31.2 58, 570 95.20 6, 220 91.76 75.6 89.1 64.7 31.4 44, 200 94. 02 2,469 81.96 71.8 79.6 70.2 43.1 53, 900 94.03 3. 184 82. 17 70.4 77.9 69.0 42.2 69, 300 83.71 28, 249 83.19 68.7 71.6 84.8 41.5 108, 346 109, 821 1, 135 1,955 3,007 117,156 1,126 1, 962 3.008 69 8,046 118, 786 1, 143 1,948 2,962 69 118,764 1,141 1, 929 2, 926 70 8,423 120,519 1,186 1, 933 2, 933 71 11, 086 65, 675 1, 280 1,629 2,576 42 4, 845 100,705 j 54,185 1,065 1, 056 1,576 1, 696 2, 605 2,453 43 59 5,310 76,281 1, 030 1, 655 2, 493 58 4, 560 46,6P9 916 1, 461 2,678 45 683, 406 114,330 33, 414 31, 365 11,153 162,096 46, 729 284, 319 681, 447 114,683 33,126 30, 557 11,672 162, 269 46, 559 282, 581 668, 935 118,464 31, 867 31,173 13,142 162,769 31.199 280, 321 671,154 127, 222 32,164 32, 666 15,181 162,600 17, 629 283, 692 666,181 131,614 32, 205 33,105 14, 032 161,006 11,098 283,121 565, 342 122, 9S1 24, 640 23, 234 11,103 138, 963 30, 064 214, 354 598, 396 118, 756 24,081 25,812 11,341 157, 234 31, 284 229,888 579, 656 108, 668 24, 442 27,151 15, 756 143, 589 30,319 229, 731 625, 990 117,031 26,011 28, 253 16, 313 164. 169 29, 826 244, 387 512, 974 84,800 23,069 34, 305 15,144 148,386 9,001 198, 269 213 225 90 3. 159 186 249 99 2 209 233 270 67 2, 148 228 270 234 275 97 1,958 207 191 44 2,727 228 201 87 1,789 265 540 69 2,986 1,922 2,944 69 78 2, 848 2, 218 • Data do not cover calendar weeks in all cases. t Figures on commercial failures for 1935 exclude certain types previously reported. See revised data on p . 20 of the M a y 1935 Survey. yearly total by 3.8 percent and the 1934 yearly total by 3.1 percent. 284 j 545 ! 3. 156 190 502 121 5,107 The revision reduced the 1935 22 SURVEY OF CURRENT BUSINESS June 1936 Monthly Business Statistics The following summary shows the trend of industrial, commercial, and financial statistics for the past 13 months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the sources and basis of thefiguresquoted. 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 1933,1933, and 1934. The terms "unadjusted" and "adjusted" used to designate index numbers [refer to the adjustment for seasonal variation. Data subsequent to April will be found in the Weekly Supplement to the Survey. Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1936 April 1936 1935 April May June July 1 DecemOctober NovemAugust September ber ber January February 91.3 « 106.9 135.6 69.8 42.3 101.4 109.7 82.0 68.8 52.9 69.6 124.0 76.0 87 8 0 88.9 « 116.5 70.7 42.7 92.9 110. 1 73.8 60.8 47.8 67.0 117.3 68.1 March BUSINESS INDEXES BUSINESS ACTIVITY (Annalist)! Combined index! normal = 100 _ Automobile production! .normal=100_. Boot and shoe production!—normal = 100.. Carloadings, freight _ normal = 100.. Cement production. normal = 100.. Cotton consumption normal = 100._ Electric power production.__normal = 100_. Lumber production! normal=100._ Pig-iron production normal = 100 _ Silk consumption._ _normal=100._ Steel ingot production! normal = 100_. Wool consumption! normal=100 Zinc production normal = 100. _ 93.9 115.1 70. 3~ 99.T 112.6 75.3 72.6 55. 9 85. G 81.7 80.6 98.7 117.1 63.4 47.6 78.9 98.7 61.6 50.9 68.3 58.8 129.7 67.2 79.3 75.8 113.9 61.5 49.4 81.7 99.3 45.8 51.5 66.7 58.6 154.4 65.0 79.5 83.6 103.2 63.1 52.1 74.8 102.2 52.5 49.3 61.8 57.1 125.3 70.5 80.7 83.5 115.1 58.4 45.9 80.7 103.5 64.1 50.0 64.0 58.3 140.0 72.1 82.7 66.1 110.6 60.8 40.4 78.1 105.9 73.9 57.8 64.9 72.9 139.7 70.6 83.6 46.8 114.2 62.5 43.0 87.4 105.1 80.8 61.8 74.5 77.0 125.9 72.1 87.4 79.8 115.2 65.8 45.7 96.4 105.0 77.8 66.5 75.0 77.0 151.9 68.7 90.5 118.9 119.8 66.4 51.8 91.3 107.9 76.0 72.2 61.6 80.9 141.2 70.8 94.9 121.8 148.5 70.5 55.4 102.6 109.5 78.6 76.2 63.3 86.8 133.0 74.3 v 88. 4 « 108. 7 d 115.6 65.6 52.8 95.2 a. 109. 3 77.6 61.2 52. 6 " 70. 2 107. 2 74.1 INDUSTRIAL PRODUCTION (F.R.B.) 97 97 96 Total, unadjusted 1923-25 = 100 89 87 0 95 " 96 86 83 90 87 p 104 96 98 96 Manufactures, unadjusted 1923-25=100.. 95 91 87 «85 83 89 "97 87 a a 125 149 78 126 94 124 Automobiles! 1923-25 = 100 108 134 108 114 100 69 29 58 46 70 59 29 42 29 50 65 57 Cement 1923-25—100 71 63 59 86 82 86 85 86 82 74 92 Food products . 1923-25 = 100 76 78 73 74 81 1 ()4 192 202 235 193 169 174 201 Glass, plate 1923-25=100 205 169 165 168 181 89 90 83 111 74 85 72 64 Iron and steel!__. 1923-25 = 100.. 94 87 66 79 83 104 112 115 109 112 Leather and shoes! 1923-25=100. _ * 105 105 120 106 116 109 107 100 Lumber 1923-25—100 Paper and printing 1923-25=100 . ::::::::: 174 176 170 172 176 168 Petroleum refining .1923-25=100 153 160 166 167 169 173 99 107 91 89 99 103 96 95 81 97 Rubber tires and tubes 1923-25=100 91 105 35 92 100 107 27 22 64 Shipbuilding _ . 1923-25=100 88 71 51 138 111 105 102 116 110 103 106 108 Textiles 1923-25=100 100 101 95 97 99 141 140 119 140 132 148 135 Tobacco manufactures 1923-25=100.. 127 136 152 143 . 150 139 95 96 99 100 106 Minerals, unadjusted 1923-25=100.. 79 88 84 92 97 85 « 89 50 69 P66 62 75 99 Anthracite.. _ . . . 1923-25=100 71 51 65 72 85 36 40 0 v 71 80 82 82 Bituminous coal 1923-25 = 100.. 60 50 61 88 51 71 98 57 70 37 105 Iron-ore shipments 1923-25=100.. 80 102 119 105 109 70 70 70 63 Lead 1923-25=100.. 62 57 56 69* 57" 53 64 60 57 a 143 141 142 Petroleum, crude .1923-25=100.. 132 137 139 142 136 140 145 136 130 73 74 68 Silver _ .1923-25 = 100 50 62 68 46 99 59 « 100 49 82 78 86 73 75 79 89 76 90 95 75 Zinc . _ 1923-25=100 82 78 a 98 104 v 100 95 93 Total, adjusted 1923-25=100 98 90 91 86 85 86 86 87 a a a 104 98 95 97 91 Manufactures, adjusted 1923-25=100.. 91 *99 86 84 84 86 8S 93 a 115 126 94 111 124 Automobiles! . .1923-25=100 « 105 91 86 71 100 95 109 78 59 59 52 47 Cement 1923-25=100.. 71 51 52 49 58 55 47 58 44 82 83 92 90 74 80 74 76 83 87 84 78 78 Food products 1923-25=100 200 269 193 179 225 161 162 Glass, plate 1923-25=100 185 155 169 167 178 96 103 88 100 66 86 83 Iron and steel! 1923-25=100 . 67 66 69 81 °83 83 a a 109 124 105 104 115 114 109 105 104 105 111 Leather and shoes! 1923-25=100 Lumber 1923 25—100 Paper and printing 1923-25=100 Petroleum refining 1923-25=100 172 153 160 168 166 169 172 176 176 173 168 169 Rubber tires and tubes 1923-25=100 . 79 82 75 83 102 104 116 88 92 133 142 Shipbuilding 1923-25=100 21 129 56 15 64 141 91 48 35 119 179 "138 Textiles 1923-25=100 111 100 102 100 105 106 98 104 106 113 102 105 100 152 Tobacco manufactures 1923-25=100.. 134 138 140 129 138 137 147 14S 138 130 148 140 Minerals, adjusted 1923-25=100 * 104 89 92 101 93 98 81 110 103 " 95 87 84 87 Anthracite 1923-25=100 69 62 71 97 36 65 48 1)3 71 48 48 70 Bituminous coal 1923-25=100 69 92 a 70 60 74 71 79 55 58 58 77 80 Iron-ore shipments 1923-25=100 53 50 62 62 44 53 54 Lead 1923-25=100 70 62 58 59 70 55 63 60 59 68 67 63 59 0 f 149 131 134 Petroleum, crude . 1923-25=100 130 133 135 140 144 146 133 143 116 148 a Silver 1923-25 = 100 51 75 68 49 47 73 59 71 68 93 °80 90 Zinc _ .1923-25=100.. 91 84 75 73 79 80 82 80 81 84 77 84 85 • Revised. * Preliminary. t Revised series, refer to the indicated pages of the monthly issues for revisions; Annalist indexes complete, annually 1920-28, monthly January 1929-December 1932, October 1933, p. 19; Annalist indexes, combined, automobile and steel-ingot production for 1933, August 1934, p. 22; Annalist indexes, boot-and-shoe production for 1934, April 1935, p. 22; Annalist indexes, combined, automobile production and wool consumption revised for 1934, July 1935, p. 22; Annalist indexes, lumber production for 1934, p. 22 of the September 1935 issue; Federal Reserve Board indexes, leather and shoe production January 1919-October 1933, January 1934, p. 19; automobile and steel production for 1933, September 1934, p. 22; leather and shoe roduction, 1935, p. 22, April 1936. Monthly statistics through December 1931, ;ogether with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 23 SURVEY OF CURRENT BUSINESS June 1936 1936 1935 April DecemAugust SeptemOctober November ber ber April May June July 1936 January Febru- March ary BUSINESS INDEXES—Continued MARKETINGS Agricultural products • (quantity) 1923-25=100. _ Animal products 1923-25=100Dairy products 1923-25=100.. Livestock 1923-25=100Poultry and eggs 1923-25=100— Wool 1923-25=100Crops 1923-25=100Cotton —.1923-25=100— Fruits ._ 1923-25=100.. Grains.— ..1923-25=100.. Vegetables „ .1923-25=100— Agricultural products, cash income received from marketings of:*t Crops and livestock: Unadjusted —1924-29=100Ad justed . ...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, adjusted. 1924-29=100. . STOCKS Domestic stocks 1923-25=100 . Manufactured goods 1923-25=100.. Chemicals and allied prod. 1923-25=100.. Food products 1923-25=100.. Forest products . 1923-25=100 Iron and steel products 1923-25=100Leather 1923-25=100— Metals, nonferrous 1923-25=100— Paper, newsprint 1923-25=100.. Rubber products 1923-25=100 Stone, clay, and glass 1923-25=100.. Textiles 1923-25=100Raw materials 1923-25=100. Chemicals and allied prod. 1923-25=100. _ Foodstuffs 1923-25=100— Metals .1923-25=100.. Textile materials _ 1923-25=100 World stocks—foodstuffs and raw materials: TotalfA .1923-25=100.. Coffee—adj. for seasonal...1923-25=100 Cotton—adj. for seasonal-.1923-25=100.. Rubber—adj. for seasonalf. 1923-25=100 Silk—adj. for seasonal 1923-25=100.. Sugar—adj. for seasonalt—1923-25=100 . Tea—adj. for seasonal 1923-25=100.. Tin—unadjusted . 1923-25=100. Whofit—qdj. for seasonal _.1923-25 = 100__ 65 80 98 64 120 46 50 35 79 43 84 57 75 89 61 111 54 39 19 82 27 90 63 82 116 61 117 130 44 23 89 33 94 61 81 144 52 98 315 40 19 69 31 103 70 86 145 58 81 510 53 32 88 59 68 78 75 109 65 63 256 80 63 85 109 45 106 76 100 72 65 146 135 200 85 107 73 124 82 89 84 69 89 167 280 126 85 103 98 77 72 69 106 83 119 202 66 66 71 78 76 74 68 106 40 79 119 65 49 59 68 74 85 74 70 48 61 72 58 46 74 57 61 85 57 59 35 53 57 65 34 85 67 77 95 65 108 37 56 41 72 51 98 58.0 70.0 61.0 55.5 69.0 66.5 57.0 64.0 57.0 52.0 60.0 54.5 53.5 60.5 54.5 64.5 62.5 54.5 75.5 63.5 55.0 94.0 67.0 58.0 78.0 66.5 57.0 70.5 66.0 55.5 66.0 68.0 56.0 55.0 65.5 56.5 « 59.5 »a 67.0 58.0 79.5 82.5 82.0 73.5 72.0 81.5 67.5 74.0 71.5 77.5 67.5 78.0 66.5 73.0 59.5 77.5 67.0 71.5 61.5 77.5 70.5 71.0 73.0 68.0 72.5 74.0 70.5 77.5 76.5 73.0 79.0 79.0 76.5 75.0 75.0 90.0 76.5 79.5 76.5 80.0 80.5 84.0 84.0 69.0 75.5 85.0 75.0 62.5 « 76. 5 82.0 °75.0 78.0 110 102 128 62 108 110 82 121 65 115 152 100 115 78 93 72 119 101 117 69 114 98 81 151 60 113 157 119 132 87 114 90 195 113 102 116 72 113 101 80 149 62 114 162 121 121 84 99 95 179 110 105 117 83 113 102 79 155 63 114 168 127 114 81 93 101 168 110 107 117 90 114 101 79 159 72 113 170 107 113 78 102 90 155 115 106 114 89 113 105 78 155 70 112 165 103 121 79 120 92 157 127 106 120 87 114 107 79 148 63 114 162 99 141 98 136 96 186 136 104 117 77 114 108 79 136 55 114 154 101 160 115 144 88 225 136 101 118 63 115 109 81 124 47 115 161 103 161 111 141 88 235 133 103 121 66 117 109 79 122 39 115 170 305 154 107 127 86 233 127 104 124 70 114 110 83 119 54 115 166 104 144 98 112 87 225 122 105 132 65 112 122 81 115 61 113 167 104 134 88 103 86 213 223 336 151 363 211 320 162 80 162 219 334 158 356 201 295 155 80 166 213 332 148 375 211 275 151 69 163 205 350 136 391 177 259 147 63 172 209 357 147 384 179 246 139 64 174 212 370 159 369 194 226 136 57 188 213 378 169 355 176 228 133 64 188 215 399 169 328 166 259 129 72 176 « 214 °419 179 206 206 «394 « 400 « 413 177 161 64 170 322 163 248 128 66 186 165 319 184 256 124 64 172 154 318 197 263 123 75 152 « 115 104 • 133 62 109 115 80 119 70 115 156 100 ° 123 81 97 84 194 a 161 304 133 77 137 COMMODITY PRICES COST O P LIVING (N. I. C. B.) Total, all groups 1923=100— Clothing. 1923=100— Food 1923=100Fuel and light 1923=100.. Housing 1923=100-Sundries . 1923=100-. F A R M PRICES (Dept. o f Agrl.) §t Total, all groups 1909-14=100-Chickens and eggs 1909-14=100— Cotton and cottonseed 1909-14=100 Dairy products .__ 1909-14=100-_ Fruits. 1909-14=100G rains 1909-14=100-. Meat animals 1909-14=100-. Truck crops 1909-14=100-. Miscellaneous 1909-14=100-. 84.3 73.8 84.3 86.6 75.9 93.7 83.2 75.4 85.4 86.0 68.7 93.0 82.9 75.0 85.1 83.9 69.6 92.5 82.7 74.5 84.2 83.7 69.9 92.7 82.6 74.4 83.3 83.7 70.5 93.1 83.0 74.2 83.7 84.0 71.5 93.1 83.5 74.3 84.8 84.7 72.1 93.1 83.9 74.4 85. 2 86.2 72.7 93.4 84.3 74.5 86.1 86.6 73.0 93.4 74.6 87.2 86.7 73.4 93.4 84.8 74.5 86.9 86.7 73.9 93.4 84.4 74.1 85.7 87.1 74.1 93.5 84. 1 74.0 84.3 87.1 74.7 93.7 105 97 96 114 89 89 125 107 94 111 105 103 117 105 115 117 156 92 108 110 105 107 98 112 118 127 89 104 108 103 99 100 102 119 96 86 102 107 102 97 98 96 116 93 85 106 111 97 98 87 96 129 92 102 107 126 90 102 82 97 131 101 96 109 132 94 104 82 101 125 120 103 108 140 99 111 83 90 117 136 103 110 135 98 118 92 89 120 136 108 109 117 95 120 89 92 122 118 112 109 121 94 123 92 92 125 117 94 104 99 93 118 94 92 122 77 91 RETAIL PRICES Department of Labor indexes: 162 153 150 158 148 147 158 164 Coal* 1913=10080.5 80.1 79.6 80.2 81.4 81.5 81.7 81.2 81.5 82.0 80.6 79.7 79.5 Food 1 1923-25=100 Fairchild's index:* 87.6 85.7 86.6 85.2 85.7 88.2 86.1 86.3 88.0 88.1 88.1 Combined index. Dec. 1930=100-. Apparel: 92.6 92.7 93.4 93.4 92.7 93.2 92.7 93.5 93.5 93.8 92.7 92.8 92.9 Infants' wear. Dec. 1930=100__ 87.2 87.3 87.3 87.3 87.3 87.4 87.2 87.2 87.4 87.3 87.2 87.1 87.1 Men's._-_ -.Dec. 1930=100 89.4 89.4 89.5 89 5 89.5 89.8 88.8 89.1 87.7 87.8 87.9 88.1 88.4 Women's Dec. 1930=100.. 89.2 89.1 89.2 89.2 89.2 88.5 89.0 89.3 88.1 88.2 87.8 87.8 87.7 Home furnishings Dec. 1930=100 84.7 84.9 84.7 84.5 84.6 84.5 84.9 84.8 84.8 84.6 84.3 84.6 84.8 Piece goods Dec. 1930=100 « Revised. * 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's price index, and pp. 19 and 20 of the March 1933 issue, quantity marketings. § Data for May 15, 1936: Total 103, chickens and eggs 101, cotton and cottonseed 96, dairy products 106, fruits 103, grains 88, meat animals 118, truck crops 105, miscellaneous 97. t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—revised total, rubber adjusted and sugar adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from January 1933June 1935. For revisions see p. 19 of the September 1935 issue. World stocks—total revised for period 1920-1935, see p. 20 of the May 1936 issue. • Monthly retail prices of coal were discontinued with the month of August 1935. Subsequent to that date the price will be shown quarterly. 1 This series has been completely revised. Revised indexes for months not shown in the December 1935 issue will appear in a subsequent issue. Index computed every 2 weeks; monthly index is figure taken nearest the middle of the month: prior to Aug. 15,1933, index computed once a month. A See footnoote on p. 24 marked, "<?". 24 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 1936 April June 1936 April May June July 1936 August SeptemOctober November ber D fST January COMMODITY PRICES—Continued WHOLESALE PRICES Department of Labor index: Combined index (784) .-1926=100. Economic classes: Finished products ..1926=100. Raw materials 1926=100_ Semimanufactures. 1926=100. Farm products . 1926=100. Grains 1926=100. Livestock and poultry 1926=100. Foods 1926=100_ Dairy products 1926=100. Fruits and vegetables .1926=100. Meats... 1926=100. Other products 1926=100. Building materials 1926 = 100. Brick and tile 1926=100. Cement.. 1926=100. Lumber 1926=100. Chemicals and drugs ..1926=100. Chemicals 1926=100. Drugs and Pharmaceuticals 1926=100. Fertilizer materials .1926=100. Fuel and lighting 1926=100. Electricity.. ....1926=100. Gas 1926=100. Petroleum products 1926=100. Hides and leather._. .1926=100. Boots and shoes. 1926=100. Hides and s k i n s . . 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:* c? Combined index 1923-25=100.. Coffee . 1923-25=100.. Cotton 1923-25 = 100. Rubber 1923-25 = 100.. Silk 1923-25 = 100. Sugar 1923-25=100. Tea . 1923-25=100.. Tin 1923-25=100.. Wheat 1923-25 = 100.. Wholesale'pri ces, actual. (See under respective commodities.) 80.1 80.2 79.8 79.4 80.5 80.7 80.5 80.6 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 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 82.2 76.4 73.9 78.3 76.9 84.8 82.8 74.6 68.7 94.5 78.0 85.3 89.2 94.9 81.6 80.7 86.3 82.0 75.8 72.8 77.1 78.3 82.8 82.1 74.0 65.1 93.3 78.0 85.2 89.1 94.9 81.7 78.7 84.6 83.0 77.1 73.2 79.3 79.3 91.6 84.9 75.7 60.5 102.0 77.9 85.4 89.0 94.9 82.0 78.6 84.3 83.1 77.3 74.4 79.5 83.5 92.0 86.1 76.0 60.0 102.9 77.8 85.9 88.8 94.9 82.1 80.2 86.9 82.7 77.1 76.3 78.2 86.4 86.6 85.0 76.9 59.1 97.1 78.3 86.1 88.3 95.5 82.0 81.1 88.3 82.7 77.2 76.2 77.5 77.9 83.1 85.1 81.1 63.2 94.3 78.8 85.8 88.3 95.5 81.8 81.2 88.4 83.1 77.7 75.2 78.3 76.6 87.4 85.7 83.7 63.7 97.5 78.7 85.5 88.9 95.5 81.5 80.6 87.7 82.4 78.1 74.8 78.2 78.9 89.1 83.5 84.2 62.2 94.9 78.8 85.7 88.4 95.5 82.2 80.5 87.6 82.2 79.1 74.6 79.5 78.3 90.3 83.2 85.7 62.4 92.1 79.0 85.5 88.4 95.5 82.3 80.1 i 87.0 | 74.2 65.9 73.1 88.7 92.0 52.2 88.3 97.2 76.1 79.6 80.6 77.1 84.1 86.6 86.6 69.2 74.3 65.7 74.2 90.2 95.2 53.2 88.9 97.3 78.0 80.5 80.5 77.1 83.9 86.9 87.1 69.1 74.0 65.7 74.7 87.8 94.0 52.9 89.3 97.8 79.8 80.2 80.4 76.8 84.0 86.4 87.0 66.1 73.8 66.8 74.1 86.7 91.8 52.4 89.6 98.3 80.4 80.2 80.5 77.0 84.0 86.6 87.1 66.9 73.8 67.2 73.0 87.5 91.9 50.6 90.9 98.3 83.8 83.0 80.5 76.9 84.0 86.6 86.8 68.6 74.2 67.2 73.4 86.3 89.0 50.1 93.6 98.8 92.9 86.6 80.6 76.9 84.2 86.5 86.9 70.9 74.7 67.5 74.5 57.9 94.6 100.3 90.1 84.5 81.5 78.0 85.0 86.6 86.3 70.4 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 52.5 95.0 99.6 96.0 88.1 81.0 77.1 84.7 86.9 87.0 71.3 74.7 64.5 74.6 84.9 84.5 52.8 95.4 100.1 96.5 87.6 81.0 77.1 84.7 86.8 86.9 70.6 70.4 64.4 75.1 83.1 83.2 54.4 97.1 100.5 100.5 87.3 81.4 77.9 84.8 86.7 87.1 69.7 73.2 ! 64.5 ] 76.1 ! 86.2 | 82.1 55.7 | 96.1 | 100.5 ! 96.7 • 86.0 ' 81.5 ! 77.9 i 85.0 ! 86.7 i 86.9 i 69.7 73.8 70.2 80.8 76.2 62.0 30.1 82.2 68.6 45.0 80.5 67.1 69.2 78.5 81.8 61.6 27.6 73.1 68.7 46.3 80.4 67.1 69.4 78.5 82.7 60.4 27.6 73.5 68.7 45.0 80.0 66.2 70.1 80.7 82.5 59.5 27.2 75.6 68.4 45.0 79.7 68.8 70.2 80.7 82.0 59.9 27.9 76.4 67.7 45.0 79.7 71.1 70.9 80.5 82.5 60.2 31.0 76.4 67.3 45.0 79.7 71.1 71.8 80.8 83.2 61.6 32.9 76.9 67.1 45.0 79.7 71. 1 72.9 80.8 84.5 63.2 35.1 79.1 67.5 45.0 79.7 71.1 73.4 80.7 85.8 63.2 35.0 80.7 67.4 45.0 79.4 71.1 73.2 81.0 86.0 62.2 33.7 81.0 67.5 45.0 79.2 71.7 71.7 80.8 80.4 61.8 33.5 81.4 67.8 45.0 79.8 73.8 71.0 80.7 78.1 62.0 31.6 82.8 68.1 45.0 79.9 76.0 92.0 75.8 93.4 76.7 92.4 76.2 90.7 76.8 90.9 77.5 90.6 78.8 94.1 79.6 94.7 80.5 94.2 80.2 94.4 77.6 52.1 43.0 43.0 37.4 23.5 71.0 70.9 93.4 56.6 47.2 43.5 43.0 26.9 19.4 58.4 65.8 99.7 50.9 48.6 42.0 45.2 28.1 19.8 59.4 65.3 101.7 53.4 47.6 41.0 43.8 29.3 19.2 60.3 61.0 101.6 50.2 47.9 40.5 44.9 28.3 20.2 58.6 65.1 104.0 51.2 48.2 40.0 42.3 28.0 23.8 59.6 66.3 100.3 54.7 49.6 42.5 39.7 26.9 26.1 64.8 77.1 97.6 58.0 52.2 43.5 41.2 29.7 29.1 67.8 77.0 101.9 62.7 50.3 42.0 44.1 30.7 29.2 62.8 67.9 103.2 54.9 49.5 42.0 44.5 30.8 27.4 55.6 66.0 99.0 59.2 51.1 45.0 43.8 33.5 27.2 59.1 67.8 94.0 63.1 50.5 47.0 42.6 36.2 24.9 61.1 69.5 95.3 58.1 126.4 125.5 140.1 120.8 125.7 123.0 132.5 122.4 125.6 122.9 136.1 122.9 126.2 122.7 141.4 123.2 126. 8 124. 7 144. 1 123. 3 125.1 125.6 138.7 122.7 124.8 124.8 137.4 122.0 125.1 124.2 135.0 121.4 125.0 122.7 136.1 120.8 124.5 122.0 133.7 120.0 125.0 122.4 135.0 120.0 125.0 124.1 135.0 120. 6 80.6 95.2 PURCHASING POWER OF THE DOLLAR * Wholesale prices Retail food prices 1 Farm pricesf Cost of living ..... 1923-25 = 100.. 1923-25=100.. 1923-25=100.. 1923-25 = 100.. CONSTRUCTION AND REAL ESTATE CONSTRUCTION CONTRACTS AWARDED Contracts awarded, F. R. B.:% 44 \ 35 44 53 53 50 55 32 39 45 Total, unadjusted 1923-25=i00._ 21 22 22 25 34 25 26 25 25 25 Residential.. ....1923-25=100.. 48 43 67 61 52 30 35 48 60 Total, adjusted.. 1923-25=100.. 27 29 21 24 25 25 25 26 25 25 26 Residential 1923-25=100.. F. W. Dodge Corporation (37 States):A Total, all types: 6,442 7,724 9,978 9,256 10, 655 8,249 10, 567 10, 501 10 450 10,929 11,385 Projects .number.. 13, 338 Valuation .thous. of dol.. 234, 806 124, 020 126, 720 148 005 159,258 168, 557 167, 376 200, 596 188,115 264,137 204,793 142,050 Nonresidential buildings:f 2,355 2,761 3 059 2,778 2,753 2,796 3,385 3,325 3,307 3,318 3, 792 3,178 Projects ...number.. 9 075 9,632 7,748 Floor space thous. of sq. ft.. 17, 343 9,145 8,288 8,602 10,813 11,680 20,680 16, 047 11, 384 58,489 41,328 Valuation thous. of dol.. 94, 243 49, 420 59,180 68,080 124,506 90, 480 62,611 50, 433 59, 036 56,969 • Revised. * New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World prices, p. 20, September 1932; Purchasing Power of the Dollar (except for farm prices), p. 18, August 1933. t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue. Farm prices (purchasing power) are on p. 20 of the April 1935 issue. A A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August 1934 issue and for 1934 on p. 19 of the October 1935 issue. Series also revised for 1935. See p. 19 of the May 1936 issue. % Indexes are based on 3-month moving average of F. W. Dodge data centered at second month. 1 See footnote on p. 23 marked "V. c? Index revised to exclude copper prices, since data on copper stocks have not been available subsequent to October 1931. Both stock and price series now cover 3 commodities as listed. For revised data for period 1920-35 see p. 19 of the May 1936 issue. 25 SURVEY OF CURRENT BUSINESS June 1936 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 1936 April April May June July 1936 Decem- January August SeptemOctober November ber ber Febru- March ary CONSTRUCTION AND REAL ESTATE—Continued CONSTRUCTION CONTRACTS AWARDED—Continued F. W. Dodge Corporation (37 States)—Con. Public utilities:^ Projects number.. 221 Valuation thous. of doL_ 23, 753 Public works:# 1,092 Projects— number.. Valuation thous. of doL- 49, 660 Residential buildings: 8,233 Projects _ number.. Floor space thous. of sq. ft.. 19,736 Valuation thous. of doL. 67,151 Engineering construction:^ Total contracts awarded (E. N. R.) thous. of dol__ 195, 458 HIGHWAY CONSTRUCTION Concrete-pavement contract awards: 2,835 Total ..thous. of sq. y d . . 2,767 Roads only thous. of sq. y d . . Highways: Approved for construction (N. I. R. A.):* 296 Mileage number of miles.. Public works funds alloted.thous. of dol.. 7,382 Under construction (iV. /. R. A.):* Estimated total cost thous. of doL. 56, 484 Public works funds allotted thous. of dol_. Federalaidfunds^allotted.thous. ofdol. 52, 005 Mileage number of miles.. 467 CONSTRUCTION COSTS 1,527 Building costs—all types (American Appraisal Co.)* ..1913=100.. Building costs—all types (A. 0. C.) 1913=100178 Building costs—all types (E. N. i?.)§ 202.2 1913=100.. Building costs—factory (Aberthaw) 1914=100.. MISCELLANEOUS DATA Fire losses, United States thous. of doL. 25, 787 Foreclosures*0 number.. 13,126 Real estate: Home loan bank, loans outstanding*^ thous. of doL- 105, 972 Home Owners' Loan Corp:* Applications received number.. Loans closed: 6,305 Number Amount -thous. of dol— 19, 891 Loans outstanding* thous of doL. 207 10,694 269 18,104 221 17,926 136 11, 939 205 18,106 1,540 69,645 1,328 76, 387 1,048 58,948 702 36, 325 1,123 44,191 6,230 16, 764 55,100 4,756 12, 253 3,856 11,899 45,140 3,694 10, 306 37,440 3,249 9,115 31,176 114,840 182,631 154,973 235,506 3,052 2,395 4,663 3,766 6,816 5,888 4,496 3,327 3,591 2,250 1,217 2, 068 1,396 2, 662 1,579 559 14, 221 402 11,984 295 10,100 290 8,740 241 8,092 267 7,279 308 7,607 291 7,623 158 7,319 132 5,419 9,146 198 13,810 182 4,422 176 12,493 926 33,170 923 25,967 1,087 29,991 1,050 40, 083 1,358 65,118 1,422 63,653 223 11,198 1,614 75,117 11,887 42, 203 6,268 13,136 44,902 6,166 13, 702 49,833 6,356 13,115 48,395 5,808 11, 753 40,528 5,602 12,002 41,811 116,972 122,827 110,161 86,873 158,057 1,706 826 2,250 1,111 2,129 1,508 3,303 2,381 2,643 40, 622 1,889 33,480 1,427 26,004 876 20,048 6,080 15, 604 •' 55, 221 288, 547 164, 499 147, 697 187, 675 191, 522 185, 044 170,846 149, 047 126,211 102,246 88,776 74, 700 65, 390 61, 015 59, 593 171, 294 4,093 175,478 4,110 9,121 168, 816 3,815 8,530 155,739 3,261 7,881 136,399 2,334 114, 867 2,020 5,031 92, 885 1,328 3,706 80,810 1,189 2,968 68, 965 982 2,371 60, 877 667 1,988 56, 653 601 1,734 55, 085 569 1, 679 158 158 157 157 157 157 157 157 178 178 177 175 175 174 173 173 173 178 178 178 194.5 194.1 194.8 195.2 195.1 195.1 195.1 194.9 194.9 199.5 201.2 201.2 177 177 177 178 18,500 17,249 19, 294 15,835 18,137 14,964 16,642 14,470 19,786 14,398 20,872 12,886 27, 969 13, 221 27, 730 12, 560 75,836 79,233 80,877 86,025 90,432 95,595 97,089 102, 795 102,800 2,914 140, 795 13, 593 13,142 13,413 14,623 12,892 41, 236 40, 558 41, 570 44, 775 41,181 2,702,247 ,747,022 2,788,203 2,660,677 2,620,119 16,259 49,883 23, 268 17,441 21, 238 17,441 74,011 13, 807 39,475 ,578,883 158 30, 910 11,794 29,177 13, 245 102, 942 103, 358 14,192 9,392 19,002 8,386 15,634 58, 541 44, 409 29, 984 25, 715 47,927 2,886,013 2,940,029 2,984,438 1,014,423 1,040,137 DOMESTIC TRADE ADVERTISING Printer's Ink indexes (adjusted for seasonal variation) :* 80.2 84.1 «78.0 79.8 83.2 80.2 °84.8 79.4 76.6 79.0 Combined index 1928-32=100.. 87.7 81.6 78.7 66. 6 Farm papers. _ ..1928-32=100._ 72.8 57.7 64.6 62.6 74.4 67.1 66.0 63.9 58.8 65.5 69.8 61.5 86.8 77.1 Magazines 1928-32=100.. 89.2 80.9 81.8 81.0 82.4 82.2 82.5 78.8 78.4 74.4 75.1 "81.5 Newspapers 1928-32=100— 85.0 78,7 80.4 82.9 84.7 79.1 75.5 76.1 77.2 78.6 75.6 77.9 71.1 Outdoor_ ..1928-32=100 70.6 61.2 59.4 58.0 47.0 50.0 52.3 63.2 63.4 58.9 52.4 59.5 192.8 Radio 1928-32=100185.2 169.7 169.9 177.5 195.0 187.0 189.7 182.1 188.2 182.5 184.5 185.2 Radio broadcasting: A 4,741 4, 621 4,780 5,210 4,691 2,900 3,250 4,377 3,973 3,448 3,119 4,710 4,298 Cost of facilities, total thous. of d o L . 539 Automotive __thous. of dol— 453 342 400 487 432 460 312 275 215 186 244 721 1, 555 967 Drugs and toilet goods thous. of d o L . 1,408 1,461 1,303 1,295 1,406 1,469 1, 428 1,196 1,097 1,096 1,283 1, 260 912 897 876 911 Foods thous. of doL1,176 1,089 1,139 1,072 1,171 1,197 1,111 1,154 390 417 344 302 384 382 398 402 272 313 262 311 Petroleum products thous. of dol— 282 370 331 395 280 284 188 183 184 367 368 384 359 Tobacco manufactures thous. of d o L . 336 1, 069 895 861 934 882 913 802 518 413 386 503 All other* __thous. of d o L . 788 667 Magazine advertising:! 7,435 11,166 9,360 11,747 13,431 7,074 8,852 12,754 11,004 7,798 12,142 10,248 Cost, total thous. of dol— 14, 516 2,044 832 686 979 Automotive thous. of d o L . 2,146 1,678 1,684 1,157 1, 655 1,641 1,555 1,005 1,023 2,477 Drugs and toilet goods thous. of dol__ 2,506 2,436 2,203 1,609 1,241 2,323 2,185 2,017 1,616 1,464 1,454 1,957 2, 195 Foods thous. of dol__ 1,784 1, 680 1,986 1,630 1,230 1, 837 1,636 1,556 1,380 1,100 1,296 1,690 191 110 148 263 214 284 192 459 344 292 368 329 220 Petroleum products .thous. of d o L . 568 494 591 484 525 526 559 565 580 595 563 581 489 Tobacco manufactures thous. of dol__ 5, 932 All other*... thous. of dol__ 7,031 6,011 5,052 4,467 3,079 4, 665 5,862 4,938 2,941 2,719 4,523 5,197 2, 511 Lineage, totalf-thous. of lines.. 2,860 2,700 2,201 2,334 1,696 2,128 2,618 2,335 1,831 1,497 1,812 2,181 « 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. For Home Loan Bank loans outstanding for period December 1932-January 1936 see p. 19 of the April 1936 issue. Home Owners' Loan Corporation data from September 1933 to April 1934 will be shown in a subsequent issue. Total loans closed to Apr. 30, 1936, $3,060,028,685. Printers' Ink indexes from January 1922 to May 1934 appear on p. 19 of July 1935 issue. Data prior to May 1934 on "all other" radio and magazine advertising not published. See special note below on foreclosures. Data on H. O. L. C. loans outstanding for period September 1933-January 1936 are shown on p. 19 of the April 1936 issue. t Revised series. See p. 20 of the October 1933 issue, magazine lineage. For revised data on magazine advertising cost for the years 1933 and 1934, see p. 19 of the February 1936 issue. § Index as of May 1, 1936, 203.4. • 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. # These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue. «[ Months of May, August, and October 1935; January and April 1936 include 5 weeks; other months include 4 weeks. t For the period October 1933-February 1935, inter-bank loans that were formerly included have been removed. A Data for 1935 revised. See p. 25 of the May 1936 issue. http://fraser.stlouisfed.org/ 69511—36 4 Federal Reserve Bank of St. Louis 26 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 1936 April June 1936 April June May DOMESTIC July August 1936 ber DecemOctober November ber January Febru- March ary TRADE—Continued ADVERTISING—Continued Newspaper advertising: 0 Lineage, total (52 cities) __thous. of lines.. 121,887 Classified thous. of lines.. 22,548 Display thous. of lines.. 99, 339 7,813 Automotive thous. of lines.. 2, 488 Financial thous. of lines.. General thous. of lines.. 21,812 Retail.thous. of lines.. 67, 227 112, 803 19, 844 92, 960 7, 467 1,894 20, 313 63, 286 115, 854 20,174 95, 680 8,978 1,614 20, 504 64,584 102, 210 20, 061 82,149 8,426 1, 642 18, 042 54, 038 87, 363 18, 299 69, 064 6,415 1, 926 16, 862 43, 861 89, 997 19, 266 70,731 5, 281 1, 280 14, 459 49,712 101, 347 20,155 81,192 2, 910 1, 454 16, 629 60, 200 117, 427 20, 658 96, 769 5. 714 1,983 20,775 68,297 117, 704 19, 753 97, 952 7,677 2, 096 20, 980 67,198 118,684 20,171 98, 513 4,058 1, 835 16,269 76,351 94,810 18, 499 76,311 3,787 2,536 17, 686 52, 301 91, 334 17, 548 73, 788 3, 632 1,942 19, 4G4 48, 751 116,443 21,991 94, 452 5, 453 2,773 22, 899 63, 327 63.6 63.1 62.3 63.0 63.1 62.5 61.9 62.3 62.2 °62. 4 *60. 7 61. £ 2,318 2, 329 2,179 2,142 2,057 2, 272 2,053 2,409 2,655 2, 218 2, 506 677, 232 728,600 761, 385 732,875 807, 460 717,264 858,100 761, 833 745, 845 3, 952 37, 528 3, 953 36,611 | 4, 123 38, 676 12,449 92, 882 2, 294 11,523 85, 855 2,254 13. 291 99, 739 27, 434 3,257 20,103 3, 060 28, 839 3,318 GOODS IN WAREHOUSES Space occupied, public merchandise in warehouses -. .percent of total-. NEW INCORPORATIONS Business incorporations (4 States) _.number _. 2,297 POSTAL BUSINESS Air mail, pound-mile performance* thous. of 1b 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 industrial cities thous. of dol_. 632, 507 3,950 37, 884 3,805 36, 700 3,714 35, 237 3, 552 33, 807 3,512 34, 607 3,428 33,812 3, 359 33, 417 3,809 37, 327 3,740 35, 890 4,346 39, 631 13,122 99, 510 12, 444 94, 393 2,415 12,177 92, 975 2,149 12, 023 87, 441 2,238 11, 358 89, 525 2,052 11,071 88. 997 2,479 10,915 88, 703 2,416 13, 631 108,905 2,038 12, 561 99, 403 2,733 14,341 107,701 5,281 28, 944 3,320 26, 775 3,110 27, 365 3, 222 24, 679 2,829 23,123 2,866 24,162 2,901 25, 035 2, 815 29,354 3,292 27, 580 2, 976 35,985 4,248 a RETAIL TRADE Automobiles:* New passenger car sales: 53. 3 98.4 89.1 80.2 50.1 Unadjusted 1929-31=100. 104.9 96. 6 140.9 116.7 69.3 65.5 90.6 »]17. 6 Adjusted... .—1929-31=100. _ 82.0 70.0 81.0 79.0 75.0 113.5 102.0 92.5 89.5 106.5 »101.0 78.5 78.5 Chain-store sales: Chain Store Age index:*fc? Combined index t 100 100 av. same month 1929-31=100— 92 102 97 103 99 101 Apparel index f 110 av. same month 1929-31=100.. 104 99 101 107 108 100 101 100 115 114 105 119 Grocery t 93 av. same month 1929-31 = 100.. 94 91 92 90 92 93 94 93 93 Five-and-ten (variety) stores:* 93.4 95.1 Unadjusted 1929-31=100.. 86.1 92.9 87.7 86.0 82.0 95.0 79.3 67.7 178.4 80.3 Adjusted 1929-31 = 100.. 92.0 94.5 90.6 93.7 86.0 90.7 92.1 89.6 91.8 90.8 93.3 96.7 H. L. Green Co., Inc.:* 2,384 2,049 2, 684 2,229 2,088 2,476 Sales thous. of dol.. 2, 522 2,158 2,157 4,941 1, 753 2,043 1,868 134 132 Stores operated.. number.. 132 131 132 133 134 132 131 137 133 130 130 S. S. Kresge Co.: 11,925 12, 269 12,011 10,872 10,004 Sales thous. of dol. 11, 518 11, 048 10, 758 10,148 8,597 21,551 9, 571 10,043 Stores operated number. 734 735 736 735 737 743 745 740 739 741 744 737 737 S. H. Kress & Co.: 6,586 5,934 5,884 6,138 6,858 0,87" 5,946 5,204 Sales .thous. of dol. 6, 441 5,700 6, 314 13,789 5, 459 234 Stores operated number. 232 232 232 235 235 233 233 234 234 234 233 235 McCrory Stores Corp.: A 3,183 3,262 3,212 2,784 2,989 2,822 2, 626 2, 651 2,324 2,893 6, 268 2, 691 Sales thous. of dol. 202 201 205 202 203 200 »200 205 205 203 200 200 Stores operated number. 201 G. C. Murphy Co.: 2,351 2, 865 2,354 ; 2,970 2, 576 2,584 2, 311 2,420 2,513 5,005 2,003 2,320 3, 001 Sales .thous. of dol. 189 186 188 188 186 189 190 190 190 188 Stores operated number _ 188 189 189 F. W. Woolworth Co.: 23 072 23, 383 23, 407 22, 382 21, 050 20,169 20, 243 21,113 21, 556 16,983 39, 590 19.677 19,016 Sales ___thous. of dol. 1,965 « 1, 957 1,974 1,980 li 983 1,964 1,968 1, 972 1,978 1,980 1,977 1,979 1,978 Stores operated number. Restaurant chains (3 companies): 3,369 3,195 3,395 3,384 3,495 3,335 3, 565 3,457 3,465 3,118 3, 662 3,230 3,509 Sales thous. of dol. 351 353 357 353 356 352 348 350 350 355 I 358 Stores operated number358 359 Other chains: W. T. Grant & Co.: 6,726 8,365 7, 040 7,654 6, 276 6,732 8,581 7,663 5,175 7, 430 5, 754 6, 475 14,818 Sales .thous. of dol. 470 472 472 467 470 471 471 467 468 471 465 466 Stores operated number. J. C. Penny Co.: 10, 977 18, 806 24, 023 24, 992 19, 759 17, 592 17, 935 15, 919 31,332 13, 964 13,692 17, 8*5 16, 282 Sales.._ thous. of dol_ 1,483 1,480 1, 481 1,478 1,478 1,478 1,479 1,483 1,478 1,481 1,481 1,481 1,481 Stores operated —.numberDepartment stores: Collections:* Installment account 16.2 17.4 17.4 17.1 16.1 15.4 17.4 16.3 16.7 17.1 17.6 percent of accounts receivable_ Open account 43.2 45.5 44.2 41.1 40.6 45.3 46.8 44.0 44.4 43.9 percent of accounts receivable. « Revised. * New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Data of H. L. Green Co., Inc., prior to July 1933 will be shown in a subsequent issue. 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. 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. t Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined index and grocery index of Chain Store Age were revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue. 1 Monthly data from January 1932 through June 1935 are on page 20 of the July 1935 issue. • The New York Evening Post series on newspaper advertising sing in 22 cities is available for the period 1916 through January 1934. See the 1932 annual supplement and monthly issues prior to December 1934. A Data for 1935 revised. See p. 26 of the May 1936 issue. cf Chain Store Age combined index for the period 1932-35 included 18 companies. Beginning 1936 it was increased to 20 caused by the addition of 1 apparel and lshoe company. 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 27 SURVEY OF CURRENT BUSINESS June 1936 1935 1936 April April May June July 1936 DecemAugust SeptemOctober November ber ber January Febru- March ary DOMESTIC TRADE—Continued RETAIL TRADE—Continued Department stores—Continued. Sales, total value, unadjusted ^ 1923-25=100_ Atlanta* 1923-25=100. Boston 1923-25-100 Chicago*! 1923-25 = 100Cleveland* 1923-25=100_ Dallas* 1923-25 = 100. Kansas City 1025=-100 Minneapolis*—. 1929=100. New York* 1925-27=100. Philadelphia* 1923-25=100. Richmond 1923-25 = 100. St. Louis __.1923-25 = 100_ San Francisco* 1923-25=100. Sales, total value, adjusted*. 1923-25 = 100. Atlanta* 1923-25 = 100. Chicago*! 1923-25=100Cleveland* 1923-25 = 100. DaJlas* 1923-25 = 100. Minneapolis* 1929=100New York* 1925-27=100, Philadelphia* 1923-25=100San Francisco* 1923-25=100Installment sales, New England dept. stores, ratio to total sales percentStocks, value, end of month: Unadjusted 1923-25=100. Adjusted 1923-25 = 100_ Mail-order and store sales: Total sales, 2 companies.__thous. of dol. Montgomery Ward & Co_thous. of doL Sears, Roebuck & Co.—thous. of doL Rural sales of general merchandise:* Unadjusted .1929-31 = 100. Adjusted 1929-31 = 100.. 85 100 75 89 89 90 SO 87 78 69 103 78 87 81 96 84 79 92 82 80 69 89 72 74 65 83 8.5 7.2 8.2 6.7 68 65 66 64 66 64 61 63 69,413 30, 403 39,011 5Py 644 25,571 34,073 58,105 22,915 35,190 105. 5 109. 9 97.0 101. 0 87.6 93.1 76 84 69 78 74 78 72 76 71 63 98 69 77 76 84 76 69 75 76 75 61 80 61 77 52 68 61 64 70 70 58 49 78 59 80 78 98 85 73 88 80 76 65 82 86 91 72 81 78 97 85 84 83 65 98 71 87 81 97 79 75 92 77 81 72 84 86 98 82 86 79 92 90 94 87 74 117 80 88 9.2 14.5 57 61 60 62 58,953 23, 822 35,131 49,888 20,293 29,594 94.2 99.7 74.7 97.0 76 75 68 76 75 74 70 76 74 66 95 64 76 80 84 78 78 81 78 77 69 86 55 63 49 56 55 59 55 54 51 46 68 50 68 80 90 78 72 84 71 72 62 83 63 71 63 64 58 69 60 65 63 47 73 56 70 79 90 80 77 82 73 81 57 84 66 86 54 69 70 77 63 58 64 51 72 59 71 80 98 87 86 91 77 77 62 85 77 95 66 82 68 87 "80 79 71 66 «95 °73 78 88 103 90 78 91 84 83 73 85 82 78 75 80 79 77 65 88 89 83 97 84 85 93 80 114 81 92 81 90 81 79 84 86 79 66 91 145 158 124 137 133 155 133 123 146 122 185 120 152 84 93 81 81 95 83 83 69 88 10.7 10.2 8.8 6.2 10.1 11.0 9.7 67 64 72 66 75 67 61 65 58 66 62 65 67 65 52, 402 22, 849 29,553 59, 474 25,173 34, 301 79,945 35, 897 44, 048 71,777 30,910 40,867 90, 813 39, 475 51, 338 46,181 18, 508 27, 672 45, 435 17, 855 27,580 60,926 24, 845 36,081 79.8 92.8 103.7 104.8 127.6 104.6 127.6 103.7 155.9 109.8 79.9 96.3 84.2 93.0 106.7 77 91 103 78 EMPLOYMENT CONDITIONS AND WAGES EMPLOYMENT Factory, unadj. (B.L. £.)*§__„ 1923-25=100-. Durable goods group*§ 1923-25=100.. Iron and steel and products. 1923-25=100— Blast furnaces and steel works 1923-25 = 100- Structural and metal work 85.1 77.6 78.9 82.6 71.8 « 72. 2 81.2 71.4 72.4 79.7 69.7 71.8 79.7 69.4 71.3 82.0 70.5 73.2 83.7 71.2 74.7 85.3 74.9 76.4 85.0 76.1 76.8 84.6 75.7 76.6 83.0 74.5 75.8 83.2 74.6 76.0 •84.1 «75.7 77.1 79.4 73.7 73.6 72.4 71.7 73.7 74.4 75.6 76.2 77.0 77.1 76.6 «77.4 57.4 57.7 56.6 56.9 56. 0 60.9 57.9 58.6 58.6 59.0 1923-25=100-. 64. 4 55.3 56.0 91.6 91.4 93.9 Tin cans, etc 1923-25 = 100-. 95.8 88.3 90.4 92.9 95.3 104. 0 105.4 100.5 100.0 96.0 52.9 53.4 54.5 «54.5 56.0 Lumber and products 1923-24 = 100-. 55.3 57.0 57.5 55. 6 51.9 51.7 50.9 48.9 71.7 72.6 74.8 72.4 77.0 Furniture 1923-25 = 100 73.4 76.3 77.9 72. 1 69.1 68 6 67. 0 67.1 Millwork 1923-25= 100.. 48.6 39.7 40^7 45.5 45.7 46.9 47.0 48.7 47.5 50.1 49.5 44. 8 41.9 Sawmills 1923-25=100 37.4 34.0 34.8 34.4 34.7 35.1 •36.1 36.0 36.6 37.4 37.6 33.9 30.9 99. 0 99.2 Turpentine and rosin 1923-25 = 100-99.0 98.0 98.1 97.1 99.7 100.7 99.1 100.5 100.3 98.9 98.9 92.5 92.6 93.1 93.6 93.8 Machinery 1923-25=100 87.3 91.1 93.1 96. 1 85.6 85.1 84.5 84.2 140.4 97.0 Agricultural implementS-1923-25 = 100_ _ 97.0 133.9 136.3 138.7 128.9 116.7 117.8 118. 5 116.6 123.8 110.6 75.0 70.9 Electrical machinery, etc.l923-25 = 100— 70.7 74.0 72.1 71.4 72.3 69.6 70.4 73.3 75.3 75.4 69.6 Foundry and machine-shop products 79.1 72.8 80.0 73.4 74.0 79.0 77.6 81.5 76.8 76.0 1923-25=100— 83.8 74.3 73.8 Radios and phonographs-1923-25=100-. 188. 6 182.4 168.0 230.0 213.1 196.0 186.1 271.6 213.8 254.9 279.1 185.0 165. 5 89.4 89.3 °88.9 92.3 93.1 Metals, nonferrous§ 1923-25=100._ 88.7 82.0 86.9 91.9 83.4 82.9 80.2 81.8 Aluminum manufactures § a 81.2 82.1 76.2 82.0 75.5 83.0 74.6 85.2 79.1 82.7 1923-25=100— 84.3 78.7 78.3 Brass, bronze, copper products 78.9 87.6 87.2 88.5 81.8 89.0 77.4 78.2 86.8 °86.9 1923-25 = 100— 86.8 81.8 80.8 Stamped and enameled ware§ 110.5 109.2 a 109.1 116.2 100.4 102.5 117.0 106.2 101.9 112.7 1923-25 = 100— 112. 8 109.1 106.9 Railroad repair shops 1923-25=100.. 59. 9 52.9 53.6 55.8 55.9 58.2 •60.1 52.8 52.6 55.1 55.7 53.5 53.8 64.8 65.0 65.5 65.8 65.3 64.6 64.5 65.1 Electric railroad 1923-25-100... 60. 0 65. 6 65.2 65. 7 65.6 55.2 57.6 °59.7 Steam railroad 1923-25=100.59.4 52.0 52.7 55.1 51.9 51.7 54.4 55.0 52.6 52.9 Stone, clay, and glass products 55.2 50.8 55.7 56.4 55.9 51.0 55.8 54.7 54.1 56.7 1923-25 = 100-. 57.7 53.2 55.0 Brick, tile, and terracotta-1923-25=100-_ 36. 7 27.6 29.6 33.9 31.0 30.0 °32. 5 34.0 35.3 34.6 32.9 33.8 32.1 Cement 1923-25=100— 52.3 50.0 57.0 45.0 38.0 38.0 44.3 51.9 52.9 49.6 57.5 53.8 60.1 97.8 95.8 97.5 98.4 Glass 1923-25 = 100 97.2 94.2 92.7 95.7 94.8 95.2 92.0 93.8 °94.9 104. 4 104.8 102.7 Transportation equipment_1923-25== 100— 103.4 103.1 100.4 a 100. 3 75.8 92.3 101.0 87.2 83.5 93.7 118.2 118.1 113.8 « 111.1 84.0 105.0 115.5 Automobiles 1923-25 = 100— 114. 1 119. 9 100. 6 95.1 116.4 107.2 62.2 59.1 60.3 Cars, electric and steam._1923-25=100— 50.1 33.5 40.0 45.9 31.7 32.2 48.2 48.5 50.6 56.8 Shipbuilding 1923-25-100101. 2 74.6 76.4 82.9 83.9 82.0 °90. 7 76.1 79.8 82.3 71.3 72.4 66.2 94.2 97.1 96.4 94.6 Nondurable goods group* §—1923-25=100— 93.2 90.8 94.3 94.2 91.8 90.6 92.1 92.5 °93.2 Chemicals and products.__ 1923-25=100._ 110.5 111.5 108.0 111.1 109.7 108.9 112.1 110.7 113.1 112.4 106.8 107.9 107.2 108.8 107.4 107.1 a 108.1 Chemicals 1923-25 = 100— 108.0 108.9 109.5 109. 0 106. 9 109.0 107.7 107.1 108.1 Druggists' prep 1923-25=100-. 98. 4 98.9 96.8 98.8 99.5 101.6 100.3 95.1 97.3 95.8 97.6 97.7 99.0 107.9 107.1 107.2 • 108.1 Paints and varnishes 1923-25=100-106.7 109.2 109.3 111.9 109.2 108.6 105.5 112.6 112.5 • Revised. • New series. For earlier data on department store sales by Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago, for which see note below. Note that the combined index of department-store sales is computed by the Federal Reserve Board and the district indexes are computed by the Federal Reserve banks. For districts not marked with an asterisk the series are as published in the 1932 Annual Supplement and subsequent issues. See p. 20 of the December 1934 issue for rural sales for period January 1929 to October 1934. For earlier data on factory employment unadjusted in detail, see p. 16 of the June 1934 issue. See p. 19 of the July 1934 issue for factory employment unadjusted total. Data on employment in the durable and nondurable goods groups for the period January 1923-June 1935 were shown on p. 19 of the August 1935 issue. t Revised series. See p. 19 of the April 1935 issue, department-store sales, Chicago. A This series was shown on p. 20 of the June 1935 issue from 1919 through April 1935. • The adjusted index of department-store sales (total value) 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. § Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue appeared on p. 16 of the January 1936 issue. 28 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 1936 April June 1936 April May June July 1936 Decem- JanuAugust SeptemOctober Novemary ber ber ber Febru- March ary EMPLOYMENT CONDITIONS AND WAGES—Continued EMPLOYMENT—Continued Factory unadjusted—Continued. Nondurable goods group—Continued. Chemicals and products—Continued. Petroleum refining 1923-25= 100Rayon and products 1923-25=100Food and products —1923-25=100Baking— 1923-25 = 100Beverages 1923-25=100Slaughtering, meat packing 1923-25=100Leather and products 1923-25=100Boots and shoes 1923-25=100Leather 1923-25=100Paper and printing —1923-25=100— Paper and pulp. 1923-25=100Rubber products § 1923-25=100Rubber tires and tubes-1923-25=100— Textiles and products 1923-25=100Fabrics 1923-25=100Wearing apparel 1923-25=100Tobacco manufactures 1923-25=100.. Factory adjusted (F. R. B.)* §.1923-25=100Chemicals and products 1923-25=100— Chemicals 1923-25 = 100Druggists'preparations—1923-25=100— Paints and varnishes 1923-25=100Petroleum refinin g „ 1923-25=100Rayon and products 1923-25=100Food and products 1923-25=100Baking 1923-25=100Slaughtering, meat packing 1923-25=100Iron and steel and products-1923-25=100Blast furnaces and steel works 1923-25=100Structural and metal work .1923-25=100Tin cans, etc 1923-25=100Leather and products 1923-25=100.. Boots and shoes 1923-25=100Leather 1923-25=100Lumber and products 1923-25=100Furniture 1923-25=100Millwork -1923-25=100Sawraills... 1923-25=100Machinery 1923-25=100Agricultural implements.-1923-25=100__ Electrical machinery, e t c . . 1923-25=100Foundry and machine-shop products 1923-25 = 100. _ Radios and phonographs 1923-25=100.. Metals, nonferrous§__ .1923-25=100. Brass, bronze, copper prod. 1923-25=100.. Stamped and enameled ware § — 1923-25=100.. Paper and printing 1923-25=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 = 100Rubber 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=100. Milwaukee* 1925-27=100 New York 1925-27=100Philadelphiaf 1923-25=100. Pittsburgh*! 1923-25=100.. States: Delawaref 1923-25=100. Illinois 1925-27=100. Iowa ...1923=100. Massachusetts*! 1925-27=100. 109.6 331.1 94.1 113.5 163.9 108.3 334.9 95.4 111.8 156.0 108.3 326.9 95.8 112.7 161.6 110.6 325.9 98.9 114.2 170.0 111.2 327.9 105.7 111.5 178.5 112.2 340.3 111.8 111.7 179.0 110.1 353.6 118.2 114.6 171.9 110.9 356.8 108.5 114.6 162.9 110.3 356.1 100.5 113.6 153.0 109.6 357.9 96.8 112.4 150.1 108.7 353.6 92.6 111.2 149.7 108.0 347.2 91.1 111.7 148.0 » 107. 5 352.0 92.0 112.9 158.6 80.7 86.3 84.3 94.8 98.6 110.3 82.7 69.4 96.3 92.1 101.7 55.4 84.9 107.5 108.3 100.2 111.4 109.6 331.0 100.5 115.3 81.5 91.5 90.8 94.5 96.9 109.8 83.6 74.9 97.2 93.3 101.8 56.8 82.4 108.1 106.3 100.7 108.8 108.3 334.9 102.4 113.6 80.6 86.7 85.2 93.2 96.5 109.9 82.4 73.6 93.5 91.0 95.3 56.6 81.4 109.3 109.0 100.4 108.6 108.5 326.9 103.1 112.7 81.4 83.0 80.6 92.8 95.6 109.1 80.9 72.9 90.4 89.4 88.6 57.8 80.1 111.3 110.2 100.3 108.4 109.6 325.9 100.1 113.0 80.4 87.3 85.8 93.5 95.5 108.9 78.3 70.3 87.8 87.5 84.4 57.6 80.6 110.7 111.7 100.4 108.8 108.8 327.9 101.6 109.9 79.4 90.1 89.1 94.4 95.9 108.8 79.1 69.7 92.9 89.9 96.0 57.9 81.8 111.4 111.6 99.3 108.4 110.1 340.3 100.3 111.4 78.9 88.8 87.3 95.2 97.3 109.2 81.1 70.3 95.9 92.1 100.5 58.9 81.9 110.3 108.5 97.4 108.0 108.2 353.6 99.8 112.6 79.7 86.6 84.0 97.0 98.3 109.1 82.8 70.7 97.7 94.6 100.5 60.0 83.7 111.3 107.7 97.1 108.9 111.1 356.8 98.1 112.8 82.8 82.3 77.8 100.3 98.7 109.0 82.7 69.8 97.0 96.1 94.8 59.7 84.8 110.8 107.2 96.8 110.2 111.4 356.1 98.4 111.8 84.3 86.3 82.8 100.4 99.7 110.0 83.0 70.5 96.9 96.4 93.8 58.2 85.6 110.3 106.6 97.3 109.7 110.9 357.9 100.7 112.4 84.9 88.4 86.1 97.7 97.5 108.7 82.0 70.5 95.1 94.0 93.4 52.2 a 84. 8 109.8 105.9 95.4 109.6 110.8 353.6 103.1 113.6 81.7 89.7 88.1 96.3 98.2 109. 2 81.7 69.9 96.1 93.5 97.9 55. 5 °83.8 108.2 105.4 96.8 107.3 109.4 347.2 101.7 114.2 «80.5 89.0 87.4 95.6 98.2 109.6 «72.7 « 53.2 97.2 93.3 « 101.9 55.9 «84.2 110.3 « 106. 9 96.9 «107. 3 « 108. 6 352. 0 102.2 115.2 83.4 77.7 84.2 71.1 81.6 71.5 81.8 71.7 80.9 72.4 81.0 73.4 79.7 74.1 79.1 75.9 82.0 77.1 80.7 77.9 82.4 77.6 80.3 75.9 82.4 76.1 77.8 65.2 95.4 86.9 85.2 94.6 56.3 74.7 48.3 37.6 96.9 132.6 75.0 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 72.5 56.3 89.5 89.1 87.9 94.5 51.3 70.5 40.2 33.4 84.9 94.1 70.7 72.6 55.7 92.8 86.4 84.4 95.1 48.8 69.6 41.4 30.1 84.4 111.4 69.6 72.7 55.7 96.2 86.9 84.5 95.8 52.0 72.4 44.4 33.2 86.1 123.2 69.6 74.3 56.5 97.0 87.0 84.9 95.8 54.6 73.3 46.8 35.6 87.1 124.4 70.4 74.4 57.0 99.4 85.4 83.1 95.1 55.5 73.9 49.7 36.2 88.8 126.6 73.3 76.1 57.7 100.7 84.5 81.4 97.1 55.4 71.7 49.1 37.0 90.6 122.4 75.3 77.1 58.4 99.6 84.1 80.2 99.6 54.4 71.6 48.7 35.7 93.0 127.8 75.4 78.3 57.1 96.6 90.3 88.0 100.0 54.5 72.4 47.6 35.8 93.9 129.3 74.0 77.6 58.9 97.9 89.2 87.5 96.0 54.8 74.4 46.9 36.0 94.6 129.4 72.1 75.8 59.4 95.5 87.8 86.4 93.9 54.9 73.3 46.3 36.3 93.6 128.1 71.4 «75.7 62.3 96.9 86.9 85.4 93.4 a 55.9 73.7 47.6 «37.3 94.9 129.6 72.3 82.4 239.0 87.6 85.3 73.1 231.2 82.4 80.4 72.7 200.0 83.3 80.3 72.0 182.7 82.8 79.4 73.4 192.7 82.2 78.2 73.9 194.4 83.7 78.8 75.8 190.9 87.4 82.7 77.4 196.8 90.8 87.9 79.1 222.3 91.9 90.0 80.9 225.4 91.4 89.1 80.3 253.1 90.4 88.0 79.6 239.0 88.3 85.6 80.4 248.8 °87.2 °84.6 109.7 99.0 110.3 59.4 66.0 59.0 82.7 68.2 106.1 97.3 109.8 52.6 65.6 51.6 83.4 73.6 105.4 97.1 109.9 53.3 65.7 52.3 81.1 70.2 102.4 96.4 109.1 53.4 65.6 52.4 78.8 68.4 101.6 96.5 108.9 53.2 65.2 51.9 77.4 67.2 104.2 97.1 108. 8 52.7 65.3 51.7 80.4 69.6 107.9 97.6 109.2 52.4 64.6 51.4 81.7 71.6 112.6 97.8 109.1 54.8 64.5 54.1 83.4 73.2 116.3 97.4 109.0 55.8 65.1 55.2 83.0 72.1 118.3 98.0 110.0 55.9 64.8 55.2 83.4 72.9 114.2 96.8 108.7 56.7 65.0 56.1 83.4 72.7 107.9 98.0 109.2 59.0 65.5 58.4 82.2 70.6 «105.1 97.9 109.6 °60.4 65.8 «60.0 a 73. 7 °54.3 57.1 36.4 52.6 95.7 95.1 91.5 99.1 56.2 98.8 108.0 57.6 95.0 52.7 27.4 50.3 92.7 96.0 92.7 99.2 57.7 99.1 113.5 54.7 70.0 53.6 28.0 55.3 93.1 93.6 91.0 95.6 56.8 94.0 105.9 54.9 74.1 53.5 29.9 56.4 92.1 91.7 90.6 90.0 58.1 88.7 101.5 44.4 65.4 54.4 30.4 53.4 96.6 92.2 91.2 90.3 58.2 84.8 97.7 29.6 73.0 54.8 31.2 50.5 97.4 96.1 93.3 98.4 58.1 83.6 94.9 30.7 76.5 53.9 32.1 48.9 93.6 96.0 93.2 98.3 57.3 81.4 91.0 32.8 81.1 54.6 34.4 50.9 92.5 96.0 93.6 97.3 57.4 99.5 113.8 41.7 85.3 56.1 34.7 49.2 97.2 96.2 94.4 96.0 57.0 109.0 125.1 50.9 85.6 56.4 35.8 47.4 98 2 96^2 94.7 95.3 58.0 111.1 128.1 54.6 82.9 55.8 35.3 42.8 100.0 95.0 93.0 95.3 56.0 104.4 119.3 54.4 81.4 54.0 34.5 42.7 96.2 94.4 92.0 95.8 55.2 98.0 110.4 54.4 78.0 55.2 °35.2 47.3 a 94.1 94.6 91.6 °97.4 56.4 « 96. 3 «106. 3 57.3 -86.1 86.1 70.0 95.1 105.8 97.6 75.9 91.8 74.3 83.3 69.3 88.7 110.8 93.1 74.9 88.6 68.5 82.6 69.0 82.1 102.4 93.0 72.3 88.1 68.6 80.8 67.0 80.9 93.7 92.4 69.8 87.8 67.6 79.4 64.8 86.5 66.6 92.6 67.9 87.9 67.2 80.9 65.3 84.8 71.7 91.9 72.2 89.1 68.3 84.5 67.3 89.3 82.7 93.2 75.9 91.0 69.7 84.4 68.5 95.5 100.9 94.4 77.7 92.2 71.5 82.9 68.9 94.9 107.8 96.2 76. 3 92.2 72.2 81.9 69.1 94.7 108.8 96.0 75.2 92.7 72.0 80.8 68.7 94.9 103.8 95.2 73.7 90.5 69.7 82.0 69.2 94.2 100.0 94.2 74.5 90.8 71.3 83.3 69.3 94.4 101.5 96.1 77.2 «91.8 a 71. 8 88.3 79.0 127.6 71.2 84.3 75.6 114.0 71.7 85.9 74.8 117.1 69.0 90.3 73.4 117.2 67.4 89.8 72.4 118.2 67.8 102.8 73.6 118.8 69.5 96.1 75.7 122.2 71.2 92.6 75.8 122.3 73.1 88.4 76.0 122.7 72.9 89.5 76.6 124.7 73.0 89.7 75.8 123.9 71.0 89.1 76.7 122.7 72.0 88.7 77.8 125.9 71.5 a 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, p. 18, December 1932; employment in Chicago, p. 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934. 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, and for 1932-34, p. 20, September 1935. § These data for the period January 1933-September 1935 have been revised; revisions not shown in the December 1935 issue appeared on p. 16 of the January 1936 issue. SUEVEY OF CURRENT BUSINESS June 1936 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 1936 April 29 April May- June July DecemAugust SeptemOctober November ber ber 1936 January February March EMPLOYMENT CONDITIONS AND WAGES—Continued EMPLOYMENT—Continued Factory, by cities and States—Continued. States—Continued. 88.2 89.7 89.5 86.5 92.1 90.4 90.7 92.3 88.4 Maryland* 1929-31=100__ 93.0 ° 90.5 88.3 72.4 79.1 74.2 72.5 80.0 80.6 74.5 75.9 78.0 76.3 77.0 76.4 New Jerseyf 1923-25=100.. 76.1 76.2 73.7 72.5 72.1 77.8 76.9 74.8 73.8 76.8 75.2 77.4 77. 2 New York 1925-27=100.. 75.3 94.2 93.0 90.1 93.8 96.0 94.9 90.8 91.1 93.1 0) Ohio ..-1926= 100.. 0) 0) 0) 78.8 75.4 75.0 79.4 79.0 76.0 76.6 78.1 76.9 74.9 Pennsylvania! 1923-25=100.. «77.3 79.1 « 77. 9 87.2 85.7 92.3 89.1 88.2 85.1 90.4 89.5 85.9 Wisconsin 1925-27=100.. 87.1 89.3 88.7 Nonmanufacturing (B, L. S.): Mining: 57.3 46.0 49.4 53.5 56.8 38.7 46.6 52.6 58.8 59.1 Anthracite. _ 1929=100.. 52. 5 61.2 49.8 79.1 77.1 75.3 77.9 70.0 73.4 76.1 74.3 74.3 79.8 Bituminous coal 1929=100.. 80.4 80.2 77.4 53.5 44.4 46.0 46.3 48.9 52.6 46.0 45.2 51.6 54.2 Metalliferous... 1929=100.. 5f>. 9 55. 5 57.5 71.9 76.0 76.7 76.3 73.0 74.9 75.1 74.7 77.4 71.4 Petroleum, crude production. 1929=100.. 70.7 70.6 71.1 49.5 50.4 51.0 46.7 43.1 45.3 50.0 50.0 39.4 50.9 Quarrying and nonmetallic.—1929=100.. 42.2 36.9 48.4 Public utilities: Electric light and power, and manufac83.9 86.9 87.4 87.6 83.3 86.8 86.1 84.8 tured gas .1929=100.. 82.6 86.1 86.9 88.2 70.5 71.7 71.0 71.6 71.2 71.1 70.7 71.5 71.1 Electric railroads .1929=100.. 7!.2 71.7 71.4 71.2 69.6 70.2 70.4 70.0 70.5 70.1 70.3 70.0 Telephone and telegraph 1929=10070. 2 69.9 70.8 69.7 Trade: 82.2 °92.9 80.4 82.2 78.0 81.8 84.6 83.5 79.3 Retailf.1929=100.. 81.7 85.3 80.0 86.4 82.1 82.1 83.7 85.6 83.2 82.5 82.7 Wholesalef .1929=100.. 85.7 85.8 85.0 86.8 85.7 Miscellaneous: 73.4 82.1 76. 3 71.5 79.4 80.4 80.9 79.9 81.7 Dyeing and cleaning'! A 1929=100.. 74.7 70.3 81.8 80.8 81.1 81.5 81.9 80.7 81.3 81.6 81.1 81.6 80.3 Hotels! 1929=100.. 82.8 83.2 82.8 83.0 81.3 81.1 81.5 84.2 80.0 82.3 84.4 81.9 81.1 Laundries*!* .__. 1929=100.. 82.1 81.2 83.2 Miscellaneous data: Construction employment, Ohio 27.9 27.6 30.7 31.5 30.9 28.5 1926=100.. 24.8 35.0 32.9 (0 0) 0) 0) Farm employees, average per farm* .89 .74 .62 .71 .85 number. _ 1.13 1.01 .90 Federal and State highway employment, 227, 586 282, 740 331,000 362, 339 375,442 382,846 340, 073 323, 374 290, 523 252, 229 202,884 200,451 total* number.. 94, 200 80, 674 478 147, 256 195, 459 224, 086 226, 867 218,886 183,886 176, 050 151, 385 130, 539 97,089 119, Construction*.. _ number.. 287, 173 777 133, 386 144, 121, 690 105, 795 139,138 Maintenance* number.. 143, 305 135,484 135, 541 138,253 148, 575 163,960 156,187 147, 324 Federal civilian employees: 835, 087 841, 197 United States*._ _ number.. 846, 279 746, 088 747,478 754, 745 764,925 805, 286 829, 605 831,453 835,236 850, 943 840,183 112, 304 112, 370 Washington number.. 115, 073 101,178 102, 539 103, 453 104,498 105, 679 108, 952 110, 009 110, 745 111,692 111,954 •1,054 1, 043 999 1,003 1,013 1,025 1,034 1,031 1,011 1,013 1,035 Railroad employees, class I thousands. . 994 1, 070 Trades-union members employed: 79 78 77 80 78 80 79 79 77 73 77 All trades percent of total.. 51 48 82 52 50 54 55 46 49 49 52 43 Building trades* percent of total.. 83 83 59 82 83 81 80 77 77 78 77 77 Metal trades*... percent of total.. 87 85 87 86 85 85 87 86 86 85 85 Printing trades* percent of total.. 83 83 88 81 82 84 84 84 81 81 77 All other trades* percent of total.. 58 85 55 58 57 54 54 52 On full time, all trades-percent of total.. 57 61 LABOR CONDITIONS Hours of work per week in factories:*!^ "38.1 z38. 2 38. £ 38.8 38.5 35.9 37.8 36.3 37.3 36.7 38.5 38.6 Actual, average per wage earner hours.. 56.4 Industrial disputes in progress during month:! 0 °223 «223 210 274 311 319 332 294 307 377 317 Number of disputes 1,207,000 ,178,851 1,697,848 1,311,278 1,297,730 1,191,663 3,027,040 1,562,908 1,003,852 660,911 629,260 727,389 Man-days lost number.. ^886,000 p 116,000 '• 88,229 74,000 124,174 151,163 129, 784 141,829 150,835 514, 427 133, 742 100, 732 61, 782 "56,716 Workers involved number.. Employment Service (United States):* Applications: a In active file number.. 8,996,649 ^,312,060 6,094,192 6,713,047 7,532,046 8,235,139 8,696,943 8,735,671 8,387,179 8,954,074 9,011,458 9,193,120 '9,252,979 New .number.- 295,686 313, 661 379, 573 662,138 821,524 781,971 655,847 635,451 526,227 4bl, 850 428, 775 343,155 352, 249 Placements: 310,009 247, 507 271,711 248, 568 258, 250 242, 838 232,176 246, 431 149, 279 149, 276 155, 506 145,165 «227, 722 Number.. .025 .016 .034 .017 .017 .018 .027 .028 .045 .034 .037 .039 .029 Per active applicant number.. Labor turn-over:! 3.97 2.95 3.30 3.63 4.95 5.23 4.60 3.65 3.01 3.18 4.17 3.63 Accessions percent of no. on pay roll.. Separations: .19 .17 .18 .20 .21 .20 .19 .21 .17 .20 .20 .20 Discharged—percent of no. on pay roll.. 2.21 1.83 2.89 2.66 1.95 2.58 2.03 3.00 2.70 3.46 2.57 2.60 Laid off percent of no. on pay roll.. Voluntary quits .86 .77 1.05 .83 .93 .90 .71 percent of no. on pay roll.. 1.21 PAY EOLLS 1 76. 3 72.3 77.9 76.6 72.2 74.5 72.2 75.0 69.7 65.4 68.5 70.8 Factory unadj. (B. L. S.) * $ 1923-25=100_. * 69. 7 64.1 73.7 70.1 64.3 68.1 60.6 66.3 58.9 60.1 55.6 61.8 Durable goods group*§ 1923-25=100.. 57.6 Iron and steel and products 64.4 59.4 62.7 65.5 59.4 58.3 73.7 52.6 1923-25=100.. 55.7 Blast furnaces and steel works * 73. 8 72.0 68.2 66.4 68.0 64.2 66.1 52.4 61.6 78.8 62.3 61.1 1923-25=10056.8 Structural and metal work » 49. 9 44.8 45.0 45.3 44.7 54.7 46.0 42.2 45.6 43.9 40.7 40.9 39.8 1923-25=100. _ 94. 5 86. 1 91.5 90.9 91.5 100.2 94.3 97.7 105.7 103.6 93.8 87.0 85.4 Tin cans, etc .1923-25= 100.. « 44. 6 41.4 44.2 41.1 45.0 48.6 38.3 47.3 46.3 44.4 36.3 34.8 37.5 Lumber and products 1923-25=100— 55. 7 54. 3 58.4 51.8 59.3 63.0 48.4 60.2 56.0 56.2 48.5 47.1 49.2 Furniture 1923-25=100. 35. 9 39. 2 39.0 36.1 39.6 41.9 34.2 40.8 37.7 31.5 41.2 29.1 27.7 Millwork 1923-25=100 1 24.8 28.0 25.9 25. 2 26.5 29.5 23.3 29.4 27.9 20.9 20.1 29.6 23.7 Sawmills 1923-25=100. 55.2 59. 2 64.4 60.5 65.8 64.6 57.5 59.3 59.3 59.9 57.3 57.9 57.0 Turpentine and rosin-..-1923-25=100._ i Temporarily discontinued by the reporting source. Preliminary. • Revised. * For earlier data see the following references: Employment in Maryland, and Federal civilian employment, total, United States, p. 18, December 1932; Federal and State highway employment, dyeing and cleaning establishments, and laundries, p. 19, June 1933; trades-union members employed, p. 18, December 1932, and hours of work, p. 20, October 1932. Pay rolls in the durable group for the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue. Data for factory pay rolls by classes are shown on p. 18 of'the June 1934 issue. See also p. 19, July 1934 issue. Data on the U. S. Employment Service for the period July 1933-June 1935 were shown on p. 19 of the September 1935 issue. ! For revised data refer to the indicated pages as follows: Employment in New Jersey and Pennsylvania, p. 19, September 1933; employment in laundries, and dyeing and cleaning establishments, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive, see p. 20 of the September 1935 issue. For revised data on employment in wholesale and retail trade for 1930-34, see p. 20 of the March 1935 issue. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue. For labor turn-over see p. 20 of the April 1935 issue. Industrial disputes revised for 1935. See p. 29 of the April 1936 and p. 29 of the May 1936 issues. • Figures represent the condition as of the end of the month shown. This method has been followed since September 1932. Figures shown previous to that date in the Survey are as of the first of the month. They were published as of the first of the following month by the Department of Agriculture. 1 Data revised for 1934. See pp. 29 and 56 of the May 1935 issue. § Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 Issue appear onj>._16 of the January 1936 issue. r A. The revised series on dyeing and cleaning and laundry employment shown ini the 1" August 1935 issue have been dropped by the B. L. S. and the publication of the original series resumed in the September 1935 issue. http://fraser.stlouisfed.org/ 69511—36 5 Federal Reserve Bank of St. Louis 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 1936 April June 1936 1935 April May June July 1936 DecemAugust SeptemOctober November ber ber January February March EMPLOYMENT CONDITIONS AND WAGES—Continued PAY ROLLS—Continued Factory unadjusted—Continued. Durable goods group—Continued. ! Machinery 1923-25=100.. Agricultural implements.l923-25 = 100.. Electrical machinery, etc.l923-25=100Foundry and machine shop products 1923-25=100. . Radios and phonographs.l923~25=100.. Metals, nonferrous § 1923-25=100.. Aluminum manufactures § 1923-25=100.. Brass, bronze, copper products 1923-25=100.. Stamped and enamel ware § 1923-25 = 100Railroad repair shops 1923-25=100.. Electric railroads 1923-25=100.. Steam railroads 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=100Transportation equipment-1923-25=100.. Automobiles 1923-25=100.. Cars, electric and steam. 1923-25 = 100Shipbuilding 1923-25 = 100.. Nondurable goods group* §..1923-25=100.. Chemicals and products.-.1923-25 = 100.. Chemicals 1923-25=100.. Druggists' preparations~1923-25=100Paints and varnishes..—1923-25=100.. Petroleum refining 1923-25=100.. Rayon and products 1923-25 = 100_. Food and products —1923-25=100.. Baking 1923-25=100.. Beverages.1923-25=100.. Slaughtering, meat packing 1923-25=100. _ Leather and products 1923-25=100.. Boots and shoes ..1923-25=100.. Leather 1923-25=100.. Paper and printing 1923-25=100.. Paper and pulp 1923-25=100.. Rubber products! 1923-25 = 100.. Rubber tires and tubes..1923-25=100.. Textiles and products 1923-25=100Fabrics 1923-25 = 100.. Wearing apparel.. .1923-25 = 100.. Tobacco manufactures 1923-25=100Factory by cities: Baltimore* 1929-31=100.. Chicago*... -1925-27=100.. Milwaukee* 1925-27=100.. New York* 1925-27=100.. Philadelphia^ 1923-25 = 100.. Pittsburgh*t .1923-25=100.. Factory by States: Delawaref 1923-25=100.. IllinoisA 1925-27 = 100.. Maryland* —1929-31-100.. Massachusetts*! 1925-27=100.. New Jerseyf 1923-25=100.. New York 1925-27=100.. Pennsylvania! —1923-25 = 100-. Wisconsin .1925-27=100.. Nonmanufacturing (B. L. S.): Mining: Anthracite.. 1929=100.. Bituminous coal... 1929=100. Metalliferous 1929 = 100.. Petroleum, crude production 1929 = 100.. Quarrying and nonmetallic. 1929=100. _ Public utilities: Electric light and power and manufactured gas .1929=100... Electric railroads 1929=100.. Telephone and telegraph... 1929=100.. Trade: Retail!-— 1929 = 100.. Wholesale! .1929 = 100.. Miscellaneous: Dyeing and cleaning*!• 1929=100.. Hotels! .1929 = 100.. Laundries*!* 1929=100— 86.2 172.5 68.5 67.6 108.8 58.4 67.8 110.5 58.2 66.9 127.5 56.1 67.5 135.2 54.7 71.2 137.5 57.8 75.2 136.8 62.1 78.4 136.1 65.2 78.9 145. 0 64.6 80.7 155.2 65.1 78.3 162. 0 61.3 79.2 165. 3 61.0 82.2 171. 0 63.7 75.4 118.0 74.0 58.0 107.0 64.7 57.9 101.5 63.7 56.2 100.9 62.9 56.7 112.9 59.9 60.0 133.9 64.7 62.2 166.3 70.9 64.6 185.8 78.4 65.3 179. 8 78.5 68.5 143. 7 79.4 66.7 126.2 68.3 114.0 72.4 71.6 109. 7 «73.9 78.7 69.3 68.0 64.6 58.3 65.8 69.6 76.0 77.0 76.7 70.8 64.1 61.5 60.0 57.5 61.1 65.8 72.5 72.9 73.4 101.1 GO. 6 62. 4 60.6 88.0 50.7 60.4 50.1 83.3 52.5 60.2 52.0 77.6 51.0 59.0 50.5 73.9 48.2 58.8 47.5 82.3 49.0 59.6 48.3 49.1 59.1 48.5 53.1 60.0 52.7 101.0 54.5 59.3 54.2 102.8 57.1 61.8 56.9 71.3 90.8 52.2 60.8 51.7 47.0 39.3 40.3 40.5 38.9 40.9 42.2 44.5 43.9 44.6 25. 8 38.3 92.3 110.3 121.7 70.0 96. 0 83. 4 101.0 104. 9 98. 0 100.3 JO 1.3 254. 9 87.7 100. 4 168.0 16.3 31.9 82.7 102.7 117.1 65. 1 62.0 82.4 95.9 96.2 97. 7 91.9 96.9 242. 7 85.9 95.5 153. 6 17.7 36.8 81.6 94.2 105. 1 65.8 65.7 79.2 94.8 97.8 93.9 95.1 96. S 237. 8 87.3 97.3 162. 5 19.3 40.1 82.0 82.4 93.4 46.6 55.5 77.6 95. 0 98.0 93.7 94.0 99.3 240.5 90.9 99.6 173.4 20.2 37.9 77.0 74.7 85.7 28.0 59.4 77.9 95.4 101.6 92.3 88.9 100.5 240. 2 96.9 96.5 192.7 21.2 35.8 82.3 71.6 80.6 30.4 61.5 83.4 97.0 100.8 92.0 87.8 102.5 253. 4 100.9 95.7 189.8 22.5 35.2 85.6 65.7 72.1 31.8 65.6 87.1 99.0 98.8 97.3 89.5 102.8 264.1 105.5 101. 6 171.0 24.0 35.1 90.9 86.4 97.7 41.0 70.4 86.2 100.6 100. 1 99.9 94.8 102.2 263. 5 98.0 100.8 157.7 23.4 33.3 91.2 101.5 116.7 47.4 72 5 82.7 99.1 101.9 94.7 94.0 98.8 263.3 91.9 99.7 151.2 73. 6 69. 9 62.4 94.4 91.1 96.2 74.3 64. 4 80.1 78.4 78.7 42.6 74.3 79.1 75.1 91.4 84.6 87.3 71.2 65.4 82.4 78.0 86.4 43.1 74.0 72.3 66.7 90.0 84.8 86. 9 66.5 58.7 75.5 74.9 72.1 43.8 74.8 70.9 64.7 91.1 83.4 87.4 64.9 58.9 70.9 72.0 64.6 46.8 75.0 77.5 73.1 91.2 81.4 85.1 61.3 54.2 68.4 70.1 60.8 47.6 73.2 81.7 77.7 94.2 83.0 87.2 64.3 55.8 78.9 76.5 78.8 46.6 74.1 76.9 71.1 95.2 86.2 90.7 68.8 59.0 84.6 80.4 87.8 49.4 75.6 73.8 65.9 99.4 88.2 93.3 70.8 59.0 84.5 83.3 81.8 50.5 85.3 52.3 89.3 65.0 77.1 89. 5 78.5 48.5 78.5 63.7 75.0 66.4 77.0 47.4 77.2 59. 7 73.0 65.4 76.4 46.7 76.3 57.4 73.2 60.8 73.9 45.9 77.9 56.8 72.3 56.7 77.1 46.7 77.5 62.3 76.4 65.8 81.6 48.8 82.6 67.1 79.6 67.0 70.8 61.3 88.4 63.2 67.4 68.4 73.6 79.0 62.5 54.6 82.5 60.9 60.8 62.9 63.0 69.7 62.7 53.0 80.4 58.2 60.9 61.2 61.9 69.4 66.4 52.3 79.7 66.8 59.2 60.2 59.8 65.1 51.8 77.1 57.3 58.8 59.5 58.0 76.2 70.8 53.5 SO. 6 59.8 63.3 62.5 63.9 74.3 28.6 62.1 45.4 49.9 45. 0 31.8 49.5 49.1 31.4 66.0 64.7 31.5 37.5 35.9 31.1 56.8 36.0 56.7 28.9 57.8 32.8 59.2 33.8 86. 6 65. 9 76.0 79.0 63.3 73.1 79.8 63.6 73.7 65.4 67.9 62.5 64.8 64.1 66. 3 70.9 61.9 63.6 65.5 72.7 76.7 0 70.3 « 69. 9 90.7 57.8 62. 5 57.6 «96.4 « 63. 1 63.6 « 63.2 38.0 38.7 a 23.3 31.1 94.2 104.4 118.8 55.2 77.2 85.1 100.8 102.1 97.2 93.7 104.0 268.0 90.5 99.4 147.4 20.0 23.4 82.3 89.6 99.7 51.8 77.2 82. 3 97.9 99.7 95.3 91.8 99.5 264.4 87.3 99.0 147.0 19.4 23.8 83.8 80.5 87.3 54.0 75.3 82.8 97.5 99.9 94.2 93.5 98.5 260.8 84.7 99.8 143.3 ° 22. 4 31.8 « 89. 1 ° 96. 1 » 105. 4 62.0 a 85. 0 ° 84. 9 1 102. 4 1 103.0 100. 0 95.9 * 103. 0 267. 3 87. 5 100. 9 162.4 77.7 66.6 56.1 101.4 88.0 91.7 70.3 59.9 79.7 82.6 69.2 48.9 79.7 75.4 66.7 103.7 91.8 94.4 74.5 63.8 81.9 85.3 70.5 49.6 81.6 79.1 72.7 99.7 88.2 91.7 70.2 59.9 79.1 80.0 72.6 41.7 73.8 79.8 74.5 96.6 88.9 93.4 69.8 60.2 81.1 79.9 78.6 43.4 ° 74.1 75.5 69.7 93.8 90.5 94.9 «63.0 a 47. 4 a 84. 3 °80.0 a 87. 6 44.9 80.4 49.6 82.7 66.7 81.0 76.2 79.3 48.9 84.5 63.4 79.7 74.5 80.0 50.6 86.7 64.5 80.4 74.5 78.1 51.2 84.5 63.6 78.2 71.4 80.3 51.1 81.2 63.9 78.2 73.9 ° 80.9 52.2 87.0 69.1 79.9 75.5 70.5 55.6 85.5 61.9 64.8 65.9 65.0 78.1 70.4 56.9 84.9 63.0 67.6 66.3 70.3 77.1 69.2 56.5 82.5 59.8 68.1 64.3 68.4 75.8 72.3 58.4 83.9 63.9 68.1 65.9 68.2 77.3 71.9 57.4 81.9 62.0 65.2 64.4 66.0 75.2 70.5 58.3 83.3 63.1 65.0 64.5 67.7 74.0 69.9 60.8 84.4 62.5 66.4 67.2 °69. 3 79.2 28.3 45.8 33.4 38.2 60.1 35.4 38.7 28.4 65.5 39.6 55.4 69.5 43.2 54.4 70.6 41.7 76.7 78.5 42.8 42.6 70. 1 45. 1 59.9 34.4 58.9 36.3 60.9 35.4 57.9 36.5 57.2 32.1 59.9 29.7 55.7 25.5 55.3 23.9 56.0 30.9 79.8 63.9 74.4 81.5 63.4 75.7 82.8 63.3 75.5 84.5 64.0 73.8 84.4 64.1 74.9 83.4 63.8 74.9 86.0 66.1 75.6 84.8 65.0 75.0 84.7 68.3 76.2 88.5 67.8 77.2 62.0 64.6 62.5 64.6 60.5 64.6 59.3 64.8 62.5 67.2 63.2 66.8 69.3 68.6 62.1 61.6 66.6 63.5 69.2 61.7 63.7 66.6 65.7 63.5 61.5 62.1 70.9 58.2 62.0 69.2 63.1 63.1 67.9 61.1 64.3 67.1 52.9 64.2 67.5 51.6 64.9 68.3 49.0 66.5 67.8 56.4 66.0 69.9 7a 5 fl 55.4 64.8 66.7 74.6 79. 9 43. 5 »Revised. rolls, Chicago, P •11s, Pittsburgh, P June 1933. Data on pay rolls for nondurable goods industries for the period January 1923-June 1935 are shown on p". 19 of the August .„„„ .„„ !Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Pennsylvania, Delaware, New Jersey and Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for these series and for the city of Pittsburgh, see p. 20 of the March 1935 issue; pay rolls, Massachusetts, for 1931, p. 19, August 1933 and 1932-34 p. 20, September 1935; pay rolls in wholesale and retail trade for 1930-34, inclusive, p. 20, March 1935- pay rolls in dyeing and cleaning establishments and laundries, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive; see p. 20 of September 1935 issue * Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue. • The revised series on dyeing and cleaning and laundry payrolls shown in the August 1935 issue have been dropped by the Bureau of Labor Statistics and the publication of the original series resumed in the September 1935 issue. § Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue, appeared on p. 16 of the January 1936 issue. 31 SURVEY OF CURRENT BUSINESS June 1936 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 1936 April 1936 1935 April May June July Novem- DecemFebruAugust SeptemOctober January ary ber ber ber EMPLOYMENT CONDITIONS AND March WAGES—Continued WAGES—EARNINGS AND RATES Factory, weekly earnings (25 industries) :*tc? All wage earners . dollars _ Male: Skilled and semiskilled ..dollars.. Unskilled dollars.. Female dollars All wage earners 1923=100— Male: Skilled and semiskilled 1923=100.. Unskilled . 1923=300 Female..1923=100. . Factory, av. hourly earnings (25 industries) :*tc? All wage earners _ .dollars.. Male: Skilled and semiskilled dollars.. Unskilled.. dollars.. Female dollars.. Factory, weekly earnings, by States: Delaware.. 1923-25=100Illinois 1925-27 = 100 Massachusetts*!—.-1925-27 = 100New J er^ey 1923-25 -100 New York _. 1925-27 = 100 Pennsylvania 1923-25=100 Wisconsin 1925-27 = 100.. Miscellaneous data: Construction wage rates:*§ Common labor (E. N. Ii.).do\. per hour— Skilled labor (E. N. i?.)__dol. per hour... Farm wages, without board (quarterly) dol. per month Railroads, wages. dol. per hour.. Road-building wages, common labor:# United States dol. per hour East North Central. dol. per hour.. East South Central dol. per hour.. Middle Atlantic dol. per 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. Steal Corporation dol. per hour.. Youngstown district—.percent base scale— 23.76 21.93 21.76 21.46 21.75 22.32 22. 58 23.12 23.31 23.47 23.09 23.09 8 26. 83 19. 38 15.06 89.3 24.62 17.87 15.21 82.4 24.41 17.49 14.83 81.8 24.11 17.48 14.73 80.6 24.58 17.66 14.77 81.7 24.97 18.16 15.33 83.9 25.06 18.65 15. 56 84.9 25.83 19.34 15.60 86.9 26.05 19.48 15.61 87.6 26.40 19.47 15. 97 88.2 26.04 19.08 15.12 86.8 26.14 18. 93 15.42 86.7 « 26. 37 19. 14 15. 33 °87. 2 87.1 87.0 87.4 79.9 80.2 88.2 79.3 78.5 86.0 78.3 78.5 85.4 79.8 79.3 85.7 81.1 81. 5 88.9 81.4 83. 7 90.3 83.9 86.8 90.5 84.6 87.4 90.5 85.7 87.4 92.6 84.5 85.6 87.7 84,9 85.0 89.4 .612 .598 .599 .599 .598 .601 .601 .602 .604 .605 .600 .606 °. 610 .677 . 495 .429 .659 . 492 .434 .661 .493 .436 .660 .493 .436 .659 .489 .434 .663 .491 .435 .665 .491 .434 .665 .497 .435 .667 .501 .435 .668 .502 .434 .663 .492 .431 .671 .493 .430 «. 675 °. 496 .429 84.6 83. 5 8S. 1 97.9 85. 7 91.9 87.9 78.3 77.3 84.8 91.3 84. I 82.4 80.5 77.1 75 8 84.2 91.8 83.0 81.4 79.8 77.6 76.3 84.0 91.3 83.0 79 4 so! 8 76.5 77.3 84.3 90.6 82.6 76 5 8L2 72.6 78. 2 85.8 93.1 84! 7 83. 0 8L2 77.3 79 2 86.'7 92. 7 85. 7 82. 9 85! 9 80.1 80.8 86.0 94. 2 85! 2 87.1 818 82.5 80. 0 81.7 94. 4 83.7 86. 0 84! 5 85.1 82.1 87.3 96. 2 86.4 86.3 87! 9 84.4 81. 6 87.0 95. 4 85! 7 85. 0 86! 2 83.4 81. 8 87.0 95. 4 85. 6 85. 9 83! 4 83.1 84. 2 86. 8 97.1 87. 0 87! 7 . 552 1. 13 .526 1.10 .523 1.08 .527 1.07 .529 1.08 .529 1.08 .529 1.08 .529 1.10 .528 1.10 .528 1.10 .547 1.12 .547 1. 12 .547 1.13 .676 .669 30.08 .670 .662 .658 30 38 .669 .667 .682 28 63 .685 .680 .692 .38 .57 .30 . 46 .55 . 52 .57 .33 .46 .37 .40 53 .43 .56 .45 .55 .31 .46 .37 .41 .53 .30 .43 .56 .43 .55 .31 .47 .37 . 41 !55 .30 .44 .56 .48 .60 .33 .48 .36 .40 .58 .30 .44 .55 .48 .60 .31 .48 .37 .485 115. 0 .485 115.0 .485 115.0 [30 .42 .53 .30 .43 .57 .43 .56 .31 . 47 .37 .485 115.0 . 42 .53 .30 .43 .57 .43 .57 .31 .47 .36 .485 115.0 . 42 .54 .30 .43 .57 .44 .57 .31 .47 .36 .485 115.0 . 42 .*54 .30 .43 .57 .46 .57 .31 .47 .36 .485 115.0 .42 !54 .30 .44 .57 .46 . 58 .32 .47 .36 .485 115.0 . 42 !55 .30 .44 .57 .47 .59 .32 .48 .36 .485 115.0 .485 115.0 23. 20 85. 6 85. 9 88.' 9 8s!4 30. 87 .485 115.0 . 38 !fj() .30 .46 .54 .50 . 57 .33 .49 .36 .485 115.0 . 37 .'62 .30 .48 .55 .50 59 !32 .47 .36 . 485 115.0 FINANCE BANKING Acceptances and com'l paper outstanding: Bankers' acceptances, total, .mills, of dol— 375 343 344 413 321 322 328 387 397 384 359 Held by Federal Reserve banks: For own account mills, of doL. For foreign correspondents mills, of doLHeld by group of accepting banks, total mills, of doL. 310 391 356 317 296 292 301 321 339 358 368 353 340 Own bills mills, of dol._ 143 178 162 154 148 145 148 178 183 172 150 182 181 Purchased bills mills, of dol_. 167 214 193 163 148 154 147 161 185 168 171 175 172 34 22 19 Held by others mills, of doL. 26 24 27 24 29 37 30 38 29 31 174 175 173 Com'l paper outstanding....mills, of dol._ 159 164 183 180 172 176 177 180 178 178 Agricultural loans outstanding: Farm mortgages: 2, 002 1, 998 1,976 Federal land banks mills, of dol— 2,017 2,024 2,036 2,047 2, 059 2,059 2,066 2,072 2, 060 2,066 158 223 215 Joint stock-land banks} mills, of dol— 208 201 195 190 184 180 166 176 170 162 823 697 Land-bank commissioner*.mills. of doL. 716 733 743 755 765 786 803 777 795 811 818 Federal intermediate credit bank loans to and discounts for:A Regional agricultural credit corp's and production credit ass'ns—mills, of doL. 130 133 124 129 131 100 111 123 115 105 125 101 All other institutions mills, of doL. 64 60 50 49 49 50 83 89 53 64 Other loans: Agricultural marketing act revolving fund loans to cooperatives! mills, of dol.. 47 50 47 46 45 44 44 44 Banks for cooperatives, incl. Central Bank* mills, of dol— 40 32 24 25 43 31 43 51 48 41 50 47 Emergency crop loans* mills, of doL. 112 122 125 126 125 122 114 104 109 104 107 105 Prod. cred. ass'ns* mills, of dol— 127 101 107 110 93 109 101 92 103 96 116 94 Regional ag. credit corp.*..mills, of dol— 39 77 73 78 69 52 65 59 41 46 41 40 43 "Revised. fRevised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues. Massachusetts weekly earnings for 1931, p. 19, August 1933; and for 1932-34, p. 20, September 1935; factory weekly and hourly earnings for 1933, p. 20, July 1934. Certain classes of loans included in the figures shown through May 1934 have been redassified and removed from the agricultural category. cf Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue. §Construction wage rates as of May 1, 1936'—common labor, $0,558; skilled labor, $1.14. #Beginning with March 1932 data are based on Federal-aid and State projects; before that time the data are based on Federal-aid projects. {Joint-stock land barks in liquidation, *New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Factory weekly earnings for period of January JU^JIAVIO^ iix uiiv u u u i j L^OJ. iooLiv, IUI icijuna"uftjjin. i/umuiuoiuuti IUI JJWIUU o uijr i»oo~-tv|jiii xvot. -HL-uuiLKjuai series w e r e also m c i u u c u i n Lnis i s s u e ic including central bank and production credit associations for the period October 1923-April 1934, and emergency crop loans and regional agricultural credit corporations for nthiy periods January 1932-March 1933 and regional credit corporaApril 1933-April 1934. Data for emergency crop loans for fiscal years from June 1922-June 1931 and monthly lions for October 1932-March 1933 will be shown in a subsequent issue. A Break-down of figures shown in issues up to November 1934. 32 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 1936 April June 1936 1935 April May June July DecemOctober NovemAugust September ber ber 1936 January February March FINANCE—Continued BANKING—Continued 31,475 Bank debits, total... mills, of dol._ 34, 782 31,550 30,108 33, 287 30, 268 29, 031 32, 577 32, 227 36, 360 35,424 31, 572 ' 37, 496 New York City mills, of dol 17, 285 15, 905 14, 551 15, 667 16, 737 14, 733 14, 014 15, 733 15, 542 17, 684 17,925 15, 806 1 19, 629 Outside New York City mills, of doL. 17, 497 15, 645 15, 557 15,808 16, 550 15, 536 16, 844 15, 016 16, 685 18, 676 17,499 15, 766 17, 867 Brokers' loans: Reported by N. Y. Stock Exchange 805 793 809 769 772 781 792 846 938 925 924 997 mills, of dol._ 1, 064 1.93 Ratio to market value percent. . 2.23 2.40 2.29 2.23 1.98 1.94 1.93 1.84 1.88 2.00 1.84 1.81 By reporting member banks: To brokers and dealers in N. Y.* 881 864 921 825 846 779 980 893 778 850 898 mills, of doL. 1,032 990 To brokers and dealers outside N. Y.* 209 192 176 183 170 169 152 160 183 171 171 173 mills, of dol._ 220 x ecierai xteserve uanKs. 9, 529 11,184 9,165 9, 556 9,872 9,096 9,749 10,416 10, 780 11,088 11,026 11,094 11,127 Assets total mills, of dol Reserve bank credit outstanding 2, 473 mills, of dol.. 2,475 2,468 2,469 2,480 2,465 2,485 2,477 2,482 2,480 2,486 2,479 2,482 5 5 5 5 5 5 5 5 5 5 5 5 Bills bought - - mills, of dol 7 11 6 5 9 6 8 6 6 Bills discounted mills, of dol 10 8 2, 430 United States securities..mills, of doL. 2,430 2,433 2,432 2,431 2,430 2,430 2,430 2,430 2,430 2,430 2,430 2,430 8,027 Reserves, total mills, of dol 8,049 6,014 6,108 6,426 6,515 6,716 6,838 7,285 7,566 7,835 8,006 8,021 7,717 5, 769 5, 901 6,203 6, 502 6,246 6,633 7,053 7,571 7,668 7, 685 Gold reserves§. mills, of dol._ 7,347 7,680 Liabilities total mills, of dol 11.184 9,096 9, 165 9, 529 9, 556 9,749 9,872 10,416 10, 780 11,026 11,088 11 094 11,127 6, 524 5,084 5,406 5,999 6, 386 6, 617 5,146 5, 562 5, 613 6, 535 5,478 6, 497 6,166 Deposits, total mills, of dol— 5, 087 Member bank reserves mills, of dol__ 5, 486 4,715 4,832 4,979 5,100 5,305 5,254 5,648 5,835 5,587 5,860 5, 784 2, 305 Excess reserves (est.)* mills, of dol.. 2, 664 2, 253 2,318 2,414 2,513 2,708 2,600 2,970 3,100 2,844 3,084 2, 986 3, 764 Notes in circulation mills, of doL. 3,762 3,153 3,189 3, 258 3, 262 3,399 3,474 3, 532 3,647 3,709 3, 633 3,732 78.2 Reserve ratio - percent 78.3 73.0 73.3 74.2 74.5 74.9 75.3 76.4 77.1 77.6 78.1 78.1 Federal Reserve reporting member banksi Deposits. 14,017 12,962 13, 263 13, 246 13,887 13, 598 14,018 14,090 13,578 Demand, adjusted* .mills, of dol.. 14, 258 12, 231 12, 556 12,921 4, 909 Time mills, of dol.. 5,047 4,991 4,935 4,842 4,856 4,839 4,890 4,899 4,872 4,911 4,888 4,900 13, 229 Investments mills, of dol 13, 452 11,804 11, 676 11,791 12, 034 12, 022 12, 390 12,476 12,480 12, 646 12,996 13, 047 U. S. Gov. direct obligations* 8,643 mills, of dol.. 8,802 7,902 7,778 7,824 7,947 7,877 8,183 8,177 8,301 8,468 8,655 8,690 U. S. Gov. guaranteed issues* 782 791 972 1,265 mills, of doL. 1,281 1,017 1,035 1,094 1,133 1,137 1,126 1,172 1,201 3,321 Other securities* mills, of dol_. 3, 369 3,120 3,107 2,995 3, 070 3.110 3,113 3,166 3,042 3,052 3,169 3,156 8,392 Loans total mills, of doL 8, 343 8,155 8,111 8,037 7,811 7,817 8,030 7,902 8,152 8,249 7,999 7, 959 Acceptances and commercial paper* 352 346 403 375 322 306 310 324 329 353 362 360 349 mills, of dol._ 1,144 On real estate * mills, of dol 1,141 1,119 1,157 1,147 1,136 1,135 1,144 1,146 1,140 1,136 1,142 1,146 114 83 65 162 67 103 75 87 81 150 76 66 To banks - mills, of dol 88 3,304 3,274 3,128 3,208 3,006 3,156 3,076 3,009 3,095 3,108 3,219 3,117 On securities mills, of dol 3,313 3, 485 3,300 3,261 3,277 3,190 3,380 3,340 3,401 3,304 3,288 3,401 3,281 3,495 Other loans* ..mills, of dol.. Interest rates: H Vs X X X X X X X X X X Acceptances, bankers* prime percent.. x>anK rates to cuBiomcro. 2.72 2.54 2.66 2.72 2.64 2.61 2.67 2.61 2.69 2.61 2.56 2.77 2.61 In New York City percent.. In eight other northern and eastern cities— percent.. 3.47 3.99 3.78 3.79 3.88 3.87 3.75 3.75 3.67 3.62 3.63 3.63 3.60 In twenty'Seven southern and western 4.44 cities percent4.40 4.80 4.76 4.63 4.79 4.58 4.51 4.55 4.55 4.47 4.51 4.51 .75 .64 .25 .25 .25 .25 .29 .75 .75 .75 Call loans, renewal percent.25 .75 . 75 3 3 •M. % % Corn'! paper, prime (4-6 mos.)...percent._ A H U A X u 1.50 Discount rate, N. Y. F. R. Bank ..percent1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 4.00 Federal Land bank loans* percent— 4.00 4.33 4.19 4.00 4.25 4.00 4.00 4.00 4.00 4.00 4.00 4.00 Intermediate credit bank loans...percent— 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2,00 2.00 2.00 2.00 2.00 1 1 1 1 1 1 Time loans, 90 days percent— H-l H U H H H u Savings deposits: 5,152 5,152 5,177 5,187 5,179 5,161 5,154 5,158 5,161 5,187 5,175 5,204 5,177 New York State mills, of d o l U. b. Postal bavmgs. Bal. to credit of depositors.thous. of doL. 1,215,170 «l,200,437 "1,205,213 °l,204,863 1,189,490 1,191,754 1,191,677 1,196,427 1,198,966 1,201,304 1,207,971 °1,213,765 1,215,825 Bal. on deposit in banks—thous. of dol— 200, 252 451, 563 411,714 384, 510 363. 001 347,870 318, 513 305,778 293,598 286,588 243, 702 °224, 497 201, 530 FAILURES <? Commercial failures: 944 902 884 787 898 910 830 856 94"> Grand total number.. 1,083 1,004 1,077 1,056 59 58 53 47 43 46 47 62 67 48 41 Commercial service, total number.. 38 47 32 68 56 54 55 53 38 74 58 54 51 36 51 Construction, total number.. 180 172 166 172 132 143 210 169 180 174 137 161 158 Manufacturing, total number 1 5 6 10 10 9 7 10 6 8 3 5 2 Chemicals and drugs. __number.. 50 37 39 37 48 40 43 35 34 45 57 38 40 Foods number.. 9 11 6 16 12 18 14 10 14 13 12 20 11 Forest products .number 1 1 6 7 5 2 5 4 3 3 3 3 Fuels number 11 8 5 13 8 5 9 9 7 6 5 7 6 Iron and steel number.. 10 8 9 7 7 9 8 7 4 4 8 10 Leather and leather products-number.. 6 5 12 8 12 11 2 7 9 8 6 3 12 Machinery number Paper, printing, and publishing 17 13 19 14 4 9 10 12 12 8 12 13 10 nurnber__ ° Revised. *New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues. New series on "Brokers' Loans" for the period January 1929-December 1935 are shown on p. 19 of the March 1936 issue. For new series on bank rates to customers see p. 19 of the March 1936 issue. For new series on interest rates of Federal land banks see p. 20 of the April 1935 issue. Data on excess reserves prior to September 1934 will be shown in a subsequent issue. See footnote below n break-down of Investments and total loans. These 3 series represent a break-down of the investment total. Monthly data previous to October 1934 not available. Data on acceptances and commercial paper, on real estate, to banks and other loans represent a break-down of the "All other" loans total which was published prior to §Figure's subsequent to December 1933 represent gold certificates on hand and due from Treasury, plus redemption fund. {Method of computing net demand deposits subject to reserve was changed by the "Banking Act of 1935" approved Aug. 23,1935. Consequently figures since that date are not comparable with those for earlier periods. Data for months August 1934-August 1935 were incorrectly shown in the October 1935 issue. IData on Federal Reserve Reporting Member Banks represent operations in 101 leading cities. These series, according to a statement in the Federal Reserve Bulletin for November 1935, in the main, represent a continuation of the 101 city series published prior to the bank holiday. It is pointed out that although the banking crisis and subsequent developments affected these series considerably, the data reflect the course of banking developments during the disturbed period. Data on 101 cities were last shown in the May 1933 Survey for February 1933. Figures on the new basis not shown above will appear in a subsequent issue. Data on brokers' loans by reporting member banks also represent a continuation of the series covering 101 cities last shown in the May 1933 Survey. <$ Classifications have been changed and revised data prepared beginning with January 1934. These data are shown on p. 20 of the May 1936 issue. 33 SURVEY OF CURRENT BUSINESS June 1936 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1982 Annual Supplement to the Survey 1936 1935 1936 April Decem- January August SeptemOctober November ber ber Febru- March ary April May June July FINANCE—Continued FAILURES}:—Continued Commercial failures—Continued. Grand total—Continued. Manufacturing, total—Continued. Stone, clay, and glass products number.. Textiles _ number Transportation equipment-.number.. Miscellaneous number.. Wholesale trade, total number.. Retail trade, total number.. Liabilities: Grand total thous. of dol._ Commercialservice,totaLthous. of dol._ Construction, total thous. of dol.. Manufacturing, total thous. of dol.. Chemicals and drugs._thous. of dol.. Foods thous. of dol Forest products thous. of dol._ Fuels thous of dol Iron and steel. thous. of dol.. Leather and leather products thous. of doL. Machinery thous. of dol.. Paper, printing and publishing thous. of dol. . Stone, clay, and glass products thous. of doL. Textiles thous. of doL. Transportation equipment 4 48 2 18 93 506 10 34 5 20 93 680 1 43 2 27 79 630 5 40 4 18 88 589 14,157 567 1, 570 4, 959 108 762 169 122 154 16, 529 1,502 1,628 3,985 382 652 540 143 103 14,339 1,083 1,461 4,664 202 797 341 12 410 140 93 201 97 126 349 1,020 373 808 625 354 725 110 848 5,581 1,480 Assets, admitted, totalf mills, of dol._ 19,627 4,325 Mortgage loans mills, of dol_. 768 Farm. _ mills, of dol 3,557 Other mills of dol Bonds and stocks held (book value): 9, 565 mills, of dol._ 4,099 Government... mills, of dol._ 2,061 Public utility mills, of dol 2,636 Railroad mills, of dol_. 769 OtherA mills, of dol__ Policy loans and premium notes 2,741 mills, of dol.. Insurance written:! 1,114 Policies and certificates thousands 30 Group ._ . thousands 868 Industrial .thousands 217 Ordinary «, thousands.. 743, 945 Value, total __ _ thous. of dol Group J. thous. of dol.. 37, 213 244, 3f,6 Industrial. ._ . thous. of dol Ordinary thous. of dol._ 462, 376 Premium collections! Annuities Group Industrial Ordinary Miscellaneous thous. of dol "Retail trade, total thous. of doL. Wholesale trade, total...thous. of dol.. 6 51 17 81 551 10 32 3 10 94 557 1 30 2 17 71 489 5 48 6 18 81 633 5 39 3 23 65 559 6 47 1 28 75 548 5 39 4 25 89 704 1 30 2 21 98 544 7 27 3 23 88 602 12,918 1,177 1,079 3,580 91 560 484 138 57 16, 523 1,525 1,294 5, 237 88 1,347 150 525 631 13, 266 469 1,471 4,297 8 802 322 587 801 17, 002 2,602 1,185 2,840 260 1,029 71 58 65 17,185 1,187 2,792 4,984 122 1,038 1,026 77 210 14, 384 731 2,948 3,954 442 967 195 4 52 15, 686 2,969 1,971 4,358 196 645 905 831 198 18,104 1,867 2,435 5,834 184 1,588 925 14, 089 i 1404 1,819 3,360 95 1,164 340 99 227 16, 271 650 4,484 4,371 21 707 248 21 90 188 306 327 79 275 275 30 175 168 143 404 71 128 403 61 49 125 51 218 714 13 379 110 94 466 129 186 102 246 322 12 1,242 567 720 496 875 385 856 8 617 268 1,171 63 715 109 763 265 1,779 4 828 146 568 96 319 7,448 1,966 22 437 5,889 1,242 290 166 5,684 1,398 340 6,327 2,140 36 115 5,220 1,809 132 201 8, 539 1,836 68 195 5,904 2,318 353 487 5,371 1,380 10 316 4,777 1,611 72 360 6, 245 1,723 12 254 6, 651 1, 855 47 407 5, 503 1,263 18, 382 4,717 883 3,834 18,479 4,668 868 3,800 18, 567 4,631 855 3,776 18, 696 4,590 844 3,746 18, 786 4,552 831 3,721 18,887 4,517 821 3,696 18,990 4,502 820 3,682 19,109 4,480 812 3,668 19,196 4,448 807 3,641 19, 32R 4,420 799 3,621 19, 423 4, 383 789 3,594 19, 545 4, 348 776 3,572 8,201 3,087 1,850 2,643 621 8,327 3,163 1,881 2,639 644 8,375 3,199 1,888 2,637 651 8,531 3,264 1,973 2,623 671 8,639 3,318 1,998 2,627 696 8,693 3,385 1,979 2,633 696 8,854 3,515 1,997 2,635 707 8,945 3,569 2,045 2,622 709 9,161 3,801 2,015 2,596 749 9,242 3,889 1,998 2, 604 751 9, 265 3, 907 1,987 2, 604 9,468 4,039 2,041 2,614 2,841 2,834 2,829 2,821 2,813 2,807 2,797 2,786 2,777 2,766 1,151 32 854 265 733,870 37,495 228,188 468,187 1,103 38 804 261 732,188 50, 231 215,323 466,634 1,047 28 769 250 697,471 39, 537 205, 951 451,983 1,161 167 756 238 904,149 267, 582 203, 465 433,102 1,022 24 764 234 651,193 26, 524 208, 508 416,161 942 20 716 206 573, 481 22, 501 190, 044 360,936 1,229 26 934 269 728,438 31,338 233,988 463,112 1,047 25 775 248 700, 059 36,981 207,408 455, 670 1,034 65 692 277 788,003 74, 606 187, 874 525, 523 252 982 29' 231 8,580 54, 625 160, 546 255,226 33,800 8,966 48, 658 163,802 242, 554 30, 611 8,415 52,331 151,197 269,121 39,836 9,567 55, 488 164,230 240,321 32, 591 9,281 51, 561 146,888 225, 617 24, 716 8,537 53,941 138, 423 246, 754 31,413 8,546 49, 789 157,006 251, 726 33,624 8,515 54,002 155, 585 349, 64, 10, 94, 180, 540 226 54 66 194 500 203 52 62 183 490 201 51 59 179 126 483 199 50 58 176 456 183 50 57 166 414 168 44 53 149 502 215 51 60 176 495 208 51 60 176 K 12 LIFE INSURANCE (Association of Life Insurance Presidents) thous. of dol._ thous. of dol thous of dol thous. of dol__ thous of dol 767 774 2,756 2, 748 949 30 703 216 681,506 40,981 193,344 447,181 996 24 769 203 665,140 30, 498 212, 055 422, 587 1,150 32 890 228 775, 982 56, 213 246,011 473, 758 903 656 681 212 354 286,015 52, 382 10,836 53, 805 168, 992 252, 26, 9, 56, 160, 542 254 452 245 091 262, 030 31,136 9, 791 58, 223 162, 880 576 233 64 69 210 118 479 203 49 54 173 460 198 47 52 163 525 222 56 62 185 (Life Insurance Sales Research Bureau) Insurance written, ordinary, total mills, of doL. Eastern district. mills, of dol Far Western district. mills, of dol._ Southern district mills, of dol_. Western district mills, of dol__ LaDse rates 1Q25 26—100 506 210 56 62 178 MONETARY STATISTICS Foreign exchange rates:# .330 .333 .330 .322 . 326 .329 .331 .328 .329 .327 .329 .331 . 331 Argentina* _„ dol. per paper peso .169 .170 .169 .169 .169 .169 .169 .169 .169 .169 .169 .168 . 170 Belgium dol per belga .084 .083 .084 .084 . 086 .083 .083 .084 .084 .083 .083 .084 .085 Brazil dol. per milreis 1.001 .995 .998 .999 .999 .998 .990 .995 .989 .999 .993 .986 .998 Canada . _. dol. per Canadian dol .051 .051 .051 .051 .051 .051 .051 .051 .051 .051 .051 .051 .051 Chilef dol. per peso.. 5.00 4.84 4.89 4.93 4.96 4.97 4.93 4.94 4.92 4.96 4.93 4.91 4. 97 England .dol. per £_. .066 .066 .067 .066 .066 .066 .066 .066 .066 .066 .066 .066 .066 France . dol. per franc .404 .404 .402 .402 .402 .404 .407 .403 .402 .402 .402 .403 .404 Germany dol per reichsmark .372 .373 .372 .377 ,375 .375 .364 .369 .372 .371 .373 .370 .375 India . dol. per rupee.. .082 .084 .083 .082 .081 .083 .082 .081 .083 .079 .081 .081 .080 Italy.. _ dol. per lira.. .292 .291 .293 .287 .290 .290 .289 .284 .287 .287 .289 .287 .289 Japan dol. per yen.. .680 .687 .678 .676 .682 .679 .675 .679 .678 .677 .678 .676 .684 Netherlands.. dol. per florin .137 .138 .137 .137 .137 .137 .137 .137 .137 .136 .137 .137 .137 Spain dol. per peseta.. .252 .254 .256 .256 . 254 . 258 .254 .254 .255 .255 .249 .253 . 256 Sweden dol. per krona.. .803 .804 .805 .805 .801 .802 .799 .802 .802 .802 .801 .798 .800 Uruguay dol. per peso.. t See footnote on p. 32 marked "«?." 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. i The nominal official gold value of the Chilean peso was changed from 3 pence gold to 1^ pence gold as of Jan. 2, 1935. # Par values of foreign currencies as given on pp. 86 and 87 of the 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. AThe figures for "other" bonds and stocks held (book value) for the months of January and February 1934 shown as 611 and 616 million dollars, respectively, in the monthly issues from May 1934 to April 1935 should read 514 for January and 518 for February. 34 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 1936 April 1935 April May June July August June 1936 1936 loctoberlNo^m- Decem- Janu- I February ary March FINANCE—Continued MONETARY STATISTICS-Continued Gold and money: Gold: 8,641 10,172 9,025 9,246 Monetary stocks, U. S mills, of doL. 10,202 8, 755 9,180 9,545 9,777 9,128 10, 072 10,158 10,163 Movement, foreign: -155 1,250 -1,745 - 9 , 506 - 2 , 301 —1,535 1,015 969 1,796 -1,864 998 -423 573 Net release from earmark_thous. of dol— 51 170 2,315 338 23, 637 62 49 86 166 59 102 242 Exports thous. of doL. 76 7,002 7, 795 190,180 45, 981 Imports thous. of doL. 28,106 148,670 140, 065 230, 538 16,287 46, 085 156,805 314,424 210,810 Net gold imports, including gold re6,449 43, 898 -26,141 leased from earmarkA*thous. of dol._ 27, 900 146, 307 138, 481 231, 370 47, 779 157, 734 313, 484 211.141 191, 260 15, 805 869, 956 916, 035 889.026 927, 803 929, 331 902, 333 931, 724 909, 550 906, 496 924, 081 894, 624 933, 000 Production, Rand fine ounces.. 193,107 120, 712 125, 529 156,435 97, 080 114, 552 112,619 167, 667 155, 793 173,899 Receipts at mint, domestic.fine ounces __ 163, 674 191,898 149,144 5,892 5,779 5,897 5,500 5,522 5,576 5, 651 Money in circulation, totaL_mills. of dol__ 5, 507 5,550 5,704 5,770 5,857 Silver: 535 141 769 253 1,472 237 1,593 512 2,885 1,717 2.009 1,547 260 Exports. _thous. of doL. 4,490 17, 536 47, 603 58,483 8,115 11,002 13, 501 10,444 45, 689 60, 065 30, 230 30, 820 48, 898 Imports thous. of dol— .449 .448 .448 .584 1 .473 .678 .744 .719 .654 .654 .682 .664 .654 Price at New York.. dol. perfineoz_. 20, 527 14, 550 16, 072 15,157 19,111 15, 854 « 22, 781 19, 501 17, 309 19,927 17,121 Production, world • thous. offineoz._ 1,941 1,414 1,244 1,001 1,896 1,185 1,300 1,148 1,703 1.03J 1,156 1,845 Canada thous. offineoz_. 9,600 7,159 6, 862 5,192 7,444 3,844 5,193 5,432 8,553 5,237 6,454 Mexico thous. offineoz._ 3,688 ° 4, 374 a 5, 056 3,548 3,814 2,579 4,008 2,693 2,387 3,352 5,329 3,170 United States thous. offineoz__ Stocks, refinery, end of month: 1,058 1, 873 2,372 1,109 1,487 1,691 3,280 2,351 538 1,757 1,913 1.076 United States thous. offineoz__ 658 730 2,112 1,746 2,513 1,576 570 1,930 1,605 Canada thous. offineoz__ 1, 418 1,842 NET CORPORATION PROFITS (Quarterly) + 199.8 147.6 124.7 Industrial corporations, total--mills, of dol— 75.1 35.5 68.8 Autos, parts and accessories—mills, of dol__ 41.6 31.6 24.2 Chemicals mills, of dol.. 19.6 18.0 16.0 Food products and beyerages.mills of dol__ Machinery and machine manufactures 6.2 7.4 7.3 mills, of dol._ 4.0 3. 0 1.9 Metals and mining ..mills, of dol— 6.6 10.1 11.3 Oil .mills, of dol__ 4.6 14.6 2.7 Steel mills, of dol__ 17.1 27.4 17.5 Miscellaneous mills, of doL. Railways, class I (net operating income) 126.3 110.0 mills, of dol— 47.4 Telephones (net op. income)...mills, of dol_. 53.3 48.3 Other public utilities (net income) 42.4 39.3 mills, of dol— 49.7 PUBLIC FINANCE (FEDERAL) 29, 421 29,462 29, 634 30, 557 30, 516 30, 520 31, 459 29,033 Debt, gross, end of month mills, of dol__ 31,425 28,638 28, 701 28,668 29,120 Expenditures, total (incl. emergency) c? thous. of dol__ 681, 507 815,151 '283. 651 930,747 847,317 701,774 457,776 870,626 573,013 694,383 487, 274 517,044 643, 098 Receipts, totalf thous. of dol._ 258,759 267, 822 266,178 496, 042 301,883 330, 301 586, 339 288, 867 284, 636 479, 722 279, 556 250, 705 779,521 29, 704 33,276 30, 339 28,177 31, 226 29,123 31,453 37,127 33, 599 33,087 35, 342 29,711 Customs thous. of dol.. 32, 226 Internal revenue, total thous. of dol_. 202, 780 194, 083 206, 677 427,906 236, 962 229, 639 378, 870 192, 218 184,096 275, 487 183, 765 185, 001 691, 051 28, 213 21,753 228, 999 36,061 24,385 43, 610 404, 209 23,172 230, 227 24, 835 251,889 23,963 Income tax thous. of dol— 35,127 Taxes from:* Admissions to theaters, etc. 1,266 1,314 1,211 1,755 1,344 1,489 1,158 1,460 1,867 1, 255 1,174 1,405 1,277 thous. of dol— Capital stock transfers, etc. 2,992 2,132 1,860 1,934 3,818 1,155 1,458 2,894 2,871 1,623 thous. of dol.. 3,911 4,033 2,925 Sales of produce (future delivery) 174 165 282 202 264 299 263 367 275 319 262 238 256 thous. of dol— 321 336 424 319 571 253 339 200 643 730 601 Sales of radio sets, etc.—thous. of dol— 292 146 Reconstruction Finance Corporation loans outstanding, end of month:f§ Grand total thous. of dol.. 2,634,619 2,644,990 2,659,850 ,747,497 2,813,311 2,822,360 .2,829,186 2,811,325 2,795,737 2,736,181 2,745,586 2,709,238 2,653,750 Total section 5 as amended thous. of dol.. 847, 934 1,163,714 1,160,976 1,137,162 3,102,849 1,082,977 1,061,465 1,032,390 1,004,374 970,288 932,097 907, 768 855,495 Bank and trust companies, including receivers thous. of dol— 277, 383 519, 200 498, 977 480, 404 455, 928 441,825 427, 657 411,729 387, 288 381, 206 356, 775 337, 598 288, 465 Building and loan associations 5, 631 8,854 7,359 5, 233 11,182 9,494 6,138 10, 294 8,359 7, 866 6, 743 9, 80S 10, 307 thous. of dol— 5, 750 9,372 5,231 6,460 21,157 19, 841 17,163 10,011 6, 075 19, 231 18,052 17, 628 Insurance companies.-thous. of dol.. 5,881 Mortgage loan companies 124, 767 thous. of dol.. 125, 347 148, 861 146,257 145, 551 139, 972 136,396 132, 346 131,771 131, 394 128,215 126, 826 125, 675 Railroads, incl. receivers 389, 239 thous. of dol._ 394,168 386, 612 413,414 414, 344 413,338 413,350 412, 903 412, 810 412, 795 396,250 393, 712 390, 202 All other under section 5 62, 442 57, 710 55, 659 50,798 41, 643 65, 252 40, 966 72,193 67, 824 76, 702 64, 284 thous. of dol._ 40, 572 42, 274 Total Emergency Relief and Construc775,291 tion Act as amended.thous. of dol— 760, 622 502, 596 512, 671 614,743 700,359 724, 797 746, 800 751,487 758,373 732, 724 769, 395 771, 307 Self-liquidating projects 159, 672 thous. of dol— 163, 601 134,268 137,311 146,457 148, 525 154,690 168, 259 168, 266 173,139 146, 309 153, 684 155, 323 Financing of exports of agricultural 14,300 14, 300 14, 027 14, 027 47 14, 531 14,517 14,300 14,926 14,517 13, 584 14,962 surpluses thous. of dol_. 14,027 Financing of agricultural commodi62, 744 156, 066 239, 629 257, 969 267,142 272,118 274,233 275, 761 305, 058 305, 567 55, 656 ties and livestock thous. of dql_. 300, 538 305, 332 Amounts made available for relief 296, 468 and work relief thous. of dol— 296, 436 297,710 297, 690 297, 689 297, 688 297, 621 297,099 296,803 296, 701 296, 627 296, 626 296, 625 Total Bank Conservation Act as 877, 724 amended thous. of dol. 877, 591 900,013 902,099 905,262 903,508 902,629 904,341 906,900 907, 270 899,486 905,168 888,397 I Other loans and authorizations 145, 240 84,104 90, 330 106, 595 I 111,957 116, 580 120, 548 | 125,720 133, 683 138, 926 78, 667 thous. of dol— 148, 472 141, 766 AOr exports (—). ° Revised. * Preliminary. •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 1933, 77.5. 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 June 1934 issue. Later data are shown in monthly issues. " The item of $333,245,378 carried by the Treasury as a credit under the trust funds for May 1935 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 1935 total of receipts and expenditures. IFor 1934 includes $2,808,221,138 for February, $2,233,252 for March, $409,052 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, $157,326 for March, $89,144 for April, $96,103 for May, $105,773 for June, $65,219 for July, $62,055 for August, $62,936 for September, $56,256 for October, $65,780 for November, and $70,889 for December. For 1936 include $60,222 for January, $43,460 for February, $58,427 for March, and $155,254 for April, representing the increment resulting from reduction in weight of the gold dollar. * For earlier data on net gold imports see p. 20 of the December 1932 issue. For new series for internal revenue tax receipts from admissions to theaters, capital stock transfers, and sales of radios, see p. 20 of the Feb. 1936 issue. For new series on sales of produce (future delivery), see p. 19 of the April 1936 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, arid 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. http://fraser.stlouisfed.org/ tRevised series. All series of corporation profits unused for period 1928-35. Revisions not shown above will appear in a subsequent issue. The data of the Reconstruction Corporation has been revised to include the statistics of certain loaning agencies of the Corporation not included heretofore and for revisions made in recent. Federal Reserve Bank of Finance St. Louis 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 35 SURVEY OF CURRENT BUSINESS June 1936 1936 April April May- July June 1935 1936 Decem- January August SeptemOctober November ber ber February March 212, 089 27,113 31, 464 583, 391 81, 519 28, 793 FINANCE—Continued CAPITAL FLOTATIONS New Security Registrations Fully Effective (Securities and Exchange Commission) Estimated gross proceeds:* Total ..thous. of doL. 751,013 Common stock thous. of dol 168,638 Preferred stock thous. of dol 53,973 Certificates of participation, etc. thous. of dol_. 35,373 Debentures and short term notes thous. of dol.. 113,593 Secured bonds thous. of doL. 379,436 Securlties Issued (Commercial and Financial Chronicle)^ Total, all issues. thous. of dol__ 1,020,032 Domestic, total thous. of dol-_ 988,532 Foreign, total thous. of dol.. 31, 500 Corporate, total .thous. of dol__ 687,751 Industrial thous. of dol— 236, 693 0 Investment trusts thous. of dol._ 0 Land, buildings, etc ..thous. of dol— 0 Long-term issues thous. of dol— Apartments and hotels 0 thous. of dol._ 0 Office and commercial.thous. of dol._ Public utilities thous. of dol— 315, 587 Railroads .thous. of dol._ 122,197 13,273 Miscellaneous thous. of dol Farm loan and Gov't agencies • thous. of dol.. 198,718 Municipal, States, etc. _thous. of dol._ 102, 063 Purpose of issue: New capital, total _..thous. of dol._ 176, 672 Domestic, total thous. of doL. 176, 672 Corporate thous of dol 127, 879 Farm loan and Gov't agencies 0 thous. of dol— Municipal, States, U. S. possessions, 48, 793 etc __ __ _ thous. of dol 0 Foreign thous. of dol— Refunding, total thous. of dol_. 843,360 559, 872 Corporate thous. of dol— Type of security, all issues: Bonds and notes, total thous. of dol— 955, 533 Corporate thous. of dol— 623, 252 Stocks thous. of dol.. 64, 498 Bond Buyer State and municipals: Permanent (long term) thous. of dol— Temporary (short term) thous. of dol— COMMODITY MARKETS Volume of trading in futures:* Wheat thous. of bu._ 800,684 Corn thous. of bu._ 92, 053 SECURITY MARKETS B o n d s Prices: 93.90 All listed bonds (N. Y. S. E.) dollars96. 69 Domestic issues dollars 79.21 Foreign issues dollars._ JJomestic (JJow-Jones) (W) 94. 97 percent of par 4% bond.. industrials \i.\)) 101. 39 percent of par 4% bond— .ruDiic utilities (,iu; 98.14 percent of par 4% bond_. Rails, high grade (10) 126. 22 percent of par 4% bond.. Rails, second grade (10) 70.70 percent of par 4% bond.107.9 Domestict (Stand. Stat.) (60) dollars.. U. S. Government (Stand. Stat.)*.dollars.. 107.82 62.97 Foreign (N. Y. Trust) (40)—percent of par „ Sales on registered exchanges (Securities and Exchange Commission):* Total on all exchanges:* Market value thous. of dol._ 251,878 Par value thous. of dol._ 301,433 On New York Stock Exchange :+* Market value thous. of dol_. 197,277 Par value. __ _ __. thous. of dol 236,792 Sales on the New York Exchange excl. of stopped salest (Dow-Jones): 154, 597 37, 235 32,316 140, 208 27, 690 2, 034 192,631 35, 247 4,514 530, 475 77,428 25, 550 254, 062 24,986 24, 547 319,874 62,151 16, 714 406,087 25,425 31, 047 289,772 55, 309 7,080 212,085 41, 286 20,873 275, 696 27, 278 3,125 2,767 205 25,961 11, 503 6,235 83,700 1,505 4,777 11,027 13, 708 7,442 7, 515 74,763 29, 050 81,229 29,488 123,382 49, 284 352,253 90,846 102,181 77,749 157, 026 83,558 182, 357 31, 786 194, 093 55, 219 89, 930 19,350 214, 916 41,125 98, 679 130,921 334, 716 507,456 507,456 0 155,878 21, 200 0 568 568 472, 429 472, 429 0 126, 760 86,700 0 325 325 512, 900 512, 900 0 129,164 28, 500 0 0 0 644, 509 644, 509 0 541,975 173, 433 0 0 0 437,127 361,127 76, 000 209, 862 92, 378 0 5, 660 5,G60 437,425 437,425 0 275, 854 94, 707 0 475 475 368,121 368,121 0 252,395 65,499 4,000 482 482 382, 221 382, 221 0 250, 503 32, 750 0 600 600 462,422 422, 422 40, 000 167, 355 54, 504 2,000 250 250 410,824 354, 824 56,000 273, 907 150, 589 301, 978 301, 978 0 194, 613 37, 501 250 0 5,250 0 767, 351 743,851 23, 500 594, 853 101, 823 0 0 0 0 0 84,339 27, 400 22, 372 0 0 19, 500 20, 235 0 0 88,164 12, 500 0 0 338,591 651 29, 300 0 0 0 35,412 73,412 3,000 0 0 164,172 16, 500 0 0 0 180, 644 0 1,770 0 0 217,153 0 0 0 83,343 21,090 6,168 0 0 28, 550 94, 519 0 0 135, 450 o 16, 413 0 0 260, 779 223, 391 8,850 195, 500 156, 078 267. 394 78, 275 319, 000 64, 736 10, 500 92,034 85, 562 65, 703 12, 700 148, 871 38, 962 76, 764 17, 254 114,464 121, 500 133, 567 200 88, 717 10,200 97,165 20, 000 128,999 89, 508 89, 508 21,988 81, 764 81, 764 45,193 55, 457 55, 457 13,676 127,127 127,127 55,090 148,210 148,210 29, 795 172, 745 172, 745 45,087 148,462 148, 462 73,003 119,794 119,794 33, 289 221, 207 221, 207 66, 738 123, 253 115, 253 72, 935 106,739 106, 739 13, 473 129,527 129,527 58,816 o o 3,500 0 0 0 85, 262 0 15, 000 0 40, 290 0 4,000 11, 000 64, 020 0 417, 948 133, 891 36, 571 0 390, 665 81, 567 41, 781 0 457,443 115, 488 72, 037 0 517, 382 485, 885 33,153 0 288,917 180,067 127, 658 0 264,679 230, 767 60, 459 0 219,659 179,392 86, 505 0 262,426 217, 215 114,179 0 241,216 100, 617 50, 318 8,000 287, 571 200, 973 89, 266 0 195, 23 P 181,141 59,711 0 637, 824 536,037 483,084 131,507 24, 372 466, 229 120,560 6,200 512, 900 129,164 0 611,276 508, 742 33, 233 412, 765 185, 499 24,362 433, 598 272, 027 3,827 349, 500 233, 774 18, 621 378,471 246, 753 3,750 427,960 132, 893 34,462 406, 635 273,907 4,189 280, 815 173, 450 21,163 743, 659 594, 853 23, 692 159,223 84, 680 86, 580 34,427 68, 303 36, 037 94,330 83, 796 52, 743 32,941 115,116 81, 713 70,228 124, 087 137,145 16,061 126, 454 30, 298 « 93, 636 «94, 308 22,800 118, 586 117,842 37, 219 733,425 329, 843 637,996 240, 347 651,755 1,157,598 219, 502 192, 253 917, 282 185, 330 901, 531 1,074,776 136,306 197, 332 626,949 119,961 569, 673 100, 377 448,466 53, 744 321, 637 45, 297 466,193 52,161 90.69 92.95 79.50 90.62 92.81 91.08 93.69 93.59 96.16 80.87 94.44 97.22 80.32 94.47 97.26 79.76 78.37 80.47 91.71 94.12 79.74 90.54 93.07 78.12 89.93 92.65 79.84 91.62 93.94 80.17 76.73 90.23 92.84 77.62 78.45 91.85 94.47 79.03 79.60 81.08 81.95 81.90 81.82 79.51 83.52 86.50 92.72 96.41 96.50 82.97 83.35 86.97 87.35 88.87 89.77 92.38 97.56 102. 88 103.57 101. 76 89.07 90.09 89.87 91.81 91.36 92.08 92.61 92.96 92.83 97.94 99.13 97.51 112. 58 113. 57 115. 07 116. 65 113.83 113.83 112. 55 114.32 116. 92 120. 77 123. 69 126.34 54. 04 100.0 107. 30 66.07 54.66 101. 2 107. 40 65. 61 57.10 102.2 107. 27 65.92 56.01 104.2 107. 52 64. 49 56.60 104.2 107.11 62.36 55.58 103.1 106.11 61.79 51.31 101.9 106. 06 62.71 56.93 103. 5 106.45 59.93 59.99 104.5 106. 53 63.43 66. 96 106.5 106. 84 63.93 73.18 107.8 107.11 64.47 74.32 108. 4 107. 68 63.54 319, 926 404, 335 335,465 429, 924 289, 247 377, 319 283,146 363,194 323,438 414, 036 271, 503 333, 012 302,178 387,152 296, 212 405,138 314,083 448, 712 443, 264 622, 546 395, 266 511,121 336, 206 410,410 232, 555 290,102 239, 044 306, 224 210,737 274, 661 198,131 256, 235 245, 922 306,890 217, 726 262,489 229, 642 291,123 217, 954 304, 219 23^, 442 352,057 338, 695 492, 214 305,052 402, 610 361, 553 323, 695 Total . _ thous. of dol 774, 052 265,990 284,155 263,350 235, 675 286, 903 249, 795 275, 727 301,977 314,429 476,137 175,145 2,275,275 Liberty and Treasury bonds 60,483 61, 840 42,175 23,471 73, 674 64, 422 51,997 19, 252 20, 464 33,118 10,000 1,809,000 thous. of dol— 594, 053 ° 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. * New series. Data on new security registrations fully effective for the period September 1934-December 1935 and volume of trading in futures for the period January 1919-December 1935 are shown on p. 20 of the March 1936 issue. For new series on U. S. Government bond prices see p. 20 of the June 1933 issue. New series on bond sales on all registered exchanges (market and par value) and on the New York Stock Exchange (par value) are shown on p. 20 of the April 1936 issue for the period October 1934-February 1936. $ The difference in the figures covering bond sales on the New York Stock Exchange (par value) is due to stopped sales being included in the figures of the Securities and Exchange Commission (total) beginning April 1935. 1 Data for the year 1935 revised by reporting source. See p. 35 of the April 1936 issue. 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 SURVEY OF CURRENT BUSINESS 1935 1936 April June 1936 April May June July 1936 DecemAugust SeptemOctober November ber ber January Febru- March ary FINANCE—Continued SECURITY M A R K E T S - C o n t i n u e c i Bonds—Continued Value, issues listed on JV. Y. S. E.: Par, all issues ..mills, of dol_. Domestic issues mills, of dol._ Foreign issues ..mills, of doL. Market value, all issues mills, of dol__ Domestic issues mills, of doL. Foreign issues mills, of d o L . Yields: Domestic (Standard Statistics) (60)t percent.. Industrials (15).. percent.. Municipals (15)t percent.. Public utilities (15) percent.Railroads (15) percent.. Domestic, municipals (Bond Buyer) (20) percent.. Domestic, U. S. Government: U. S. Treasury bonds* percent.. Cash Dividend and Interest Payments and Rates Dividend payments (N. Y. Times) thous. of doL. Industrial and miscellaneous thous. of doL . Railroad thous. of dol.. Dividend payments and rates (Moody's): Dividend payments, annual payments at current rate (600 companies) mills, of dol.. Number of shares, adjusted millions.. Dividend rate per share, weighted average (600) dollars.. Banks (21) _ dollars.. Industrial (492) ..dollars.. Insurance (21) dollars.. Public utilities (30) dollarsRailroads (36) dollars.. Stocks Prices: Dow-Jones: Industrials (30) dol. per share.. Public utilities (20) dol. per share.. Railroads (20) dol. per share.. New York Times (50) dol. per share.. Industrials (25) -dol. per shareRailroads (25) dol. per share.. Standard Statistics (421) 1926=100.. Industrials (351) 1926=100._ Public utilities (37)—.. 1926=100. Railroads (33)... 1926=100.. Banks, N . Y. (20) ....1926=100. Fire insurance (20) —1926=100.. Sales: Market value of shares sold: All registered exchanges, total* thous. of doL. On New York Stock Exchange* t h o u s of d o l Volume of shares sold: ' ~ On all registered exchanges, total* thous. of shares._ On New York stock exchange: t Total (Sec. and Exch. Com.) thous. of shares.. Total excl. of odd lot and stopped sales (New York Times).-thous. of shares.. Values, and shares listed, N. Y. S. E.: Market value all listed shares.mills. ofdoL. Number of shares listed millionsYields: Preferred, Standard Statistics: Industrials, high grade (20) percent.. Stockholders ( C o m m o n 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. 44,223 37,150 7,073 41, 525 35,922 5,603 44, 267 36, 856 7,411 40,147 34, 256 5,891 43,720 36, 322 7,397 39,618 33, 712 5,906 43,511 36,172 7,339 39, 864 33,980 5,884 43,026 35, 694 7,332 39,457 33, 597 5,860 43,145 35, 825 7,320 39, 062 33,343 5,719 42,671 35, 391 7,280 38,375 32, 789 5,586 42, 303 35,054 7,249 38,171 32, 543 5,627 42,232 34,987 7,245 38, 465 32, 781 5,684 42,893 35, 619 7,274 39,399 33,650 5,749 43,113 35,851 7,263 40, 348 34, 475 5,873 43,015 35, 934 7,082 40, 625 34, 936 5,688 44, 255 37,196 7,059 41,807 36,177 5,630 3,90 4.38 2.76 4.00 4.45 4.34 4.77 3.25 4.41 5.18 4.32 4.65 3.27 4.36 5.00 4.26 4.63 3.25 4.34 4.82 4.13 4.53 2.95 4.23 4.81 4.13 4.54 2.87 4.23 4.88 4.20 4.54 3.08 4.26 4.90 4.28 4.51 3.16 4.31 5.12 4.18 4.42 3.02 4.15 5.12 4.11 4.44 2.97 4.17 4.87 3.99 4.29 2.93 4.09 4.63 3.90 4.27 2.86 4.04 4.43 3.87 4.32 2.78 4.01 4.37 3.12 3.39 3.46 3.31 3.25 3.34 3.51 3.34 3.23 3.25 3.11 3.04 3.03 2.51 2.64 2.61 2.61 2.59 2.66 2.78 2.77 2.73 2.73 2.68 2.62 2.54 162,174 130,960 256, 594 185,306 157,809 398,021 155, 519 124, 225 296, 470 193, 848 132,174 239, 561 181,997 6,655 6,735 27,053 3,308 25, 405 13, 603 17,033 151,055 6,754 369, 279 280, 609 184, 035 259,487 14,162 28, 742 20,794 44,035 1355-8 923.92 323, 523 219, 253 145,777 301, 403 228,328 273, 649 200,042 192,324 7,718 1,184. 4 1,186.1 1,186. 9 1,190. 2 1, 225.0 1, 230. 6 1,243. 7 1, 296. 5 1, 298. 7 1,311.5 1,337. 2 1, 345. 5 918.42 918. 42 918. 42 918. 42 918. 42 918. 42 918. 42 923. 92 923. 92 923. 92 923. 92 923. 92 1.47 2.98 1.34 2.39 1.86 1.21 1.29 3.28 1.10 1.91 1.86 1.24 1.29 3.28 1.10 2.07 1.84 1.24 1.29 3.19 1.10 2.17 1.84 1.24 1.30 3.19 1.11 2.23 1.83 1.21 1.33 3.19 1.16 2.23 1.83 1.21 1.34 2.99 1.17 2.23 1.83 1.21 1.35 2.99 1.19 2.23 1.83 1.21 1.40 2.97 1.26 2.23 1.83 1.24 1.41 2.98 1.26 2.37 1.86 1.21 1.42 2.98 1.28 2.39 1.86 1.21 1.45 2.98 1.32 2.39 1.86 1.21 1.46 2.98 1.33 2.39 1.86 1.21 155.8 31.7 47.2 121. 63 206.14 37.10 106.6 122.7 99.4 47.7 64.0 106.0 17.9 30.1 85.68 147. 56 23.81 67.5 78.9 59.1 29.4 47.4 75.2 113.5 19.2 31.0 89.84 155. 64 24.05 73.1 85.5 64.5 31.0 47.3 79.2 116.9 21.4 32.5 95.83 166. 03 25.63 76.0 88.0 70.4 32.7 49.8 83.2 122.7 22.5 33.6 98.91 171. 78 26.05 79.4 91.7 73.9 34.1 56.8 89.7 127.1 25.9 35.4 102.59 177. 22 27.96 83.3 95.2 81.6 35.9 61.7 93.3 131.5 25.7 36.0 105. 78 183. 20 28.37 85.0 97.5 81.9 37.0 56.6 93.0 130.4 26.0 33.8 108.16 189. 58 26.74 86.1 99.5 82.1 34.5 55.8 92.8 144.3 28.9 37.0 113. 80 197. 63 29.97 94.2 108.4 91.0 38.3 63.5 96.0 141.8 28.8 40.3 111.27 190.86 31.69 95.7 109.8 92.0 41.4 69.1 101.7 145.9 30.9 43.3 116. 06 197. 67 34.46 101.7 116.0 99.1 45.2 70.5 107.5 151.8 32.5 48.5 120. 00 201.17 38.84 106.7 121.5 103.0 49.6 65.8 106.8 155.9 30.9 48.0 120. 95 203. 97 37.94 108.7 124.6 102.8 49.2 66.4 102.1 1,936,373 875,333 1,214,893 987,346 1,138,644 1,610,330 1,407,019 1,912,161 2,250,677 1,979,149 2,439,219 2,503.129 2,429,960 1,680,019 746,776 1,034,753 852,493 77,916 41, 662 53, 511 41,822 990,281 1,392,860 1,241,475 1,659,690 1,952,075 1,738,247 2,069,564 2,140,084 2,092,308 48,696 79,180 59,433 81,106 99,864 82,870 119, 592 120, 963 101,923 56,935 29,916 39, 552 31,490 37, 782 60,372 46, 531 62,555 77,474 63, 344 87, 502 85, 305 75,532 39, 616 22,408 30,438 22,340 29,429 42,923 34,748 46,663 57,463 45, 590 67,211 60, 871 51,025 47, 774 1,337 33, 548 1,302 34, 549 1,304 36, 227 1,304 38,913 1,308 39,801 1,307 40,479 1,307 43, 002 1,307 44,951 1,309 46,946 1,318 50,165 1,321 50, 202 1,323 51, 668 1,330 5.04 5.30 5.19 5.22 5.19 5.17 5.19 5.19 5.12 5.11 5.10 5.05 671, 324 7,847 231,970 3,145 190,375 4,021 19.55 664, 095 7,816 230, 086 3,126 187, 533 3,979 20.40 657, 651 7,825 227, 251 3,111 184, 680 3,925 21.56 5.02 653, 435 7,859 225,120 3,101 181, 493 3,870 21.75 FOREIGN TRADE ^ CD OO INDEXES 48 51 51 59 52 46 52 44 58 Exports, unadjusted 1923-25=10043 45 71 45 Exports, adjusted for seasonal variation 53 51 52 53 50 50 62 45 49 48 51 46 1923-25=100.. 62 60 63 55 52 50 59 52 58 Imports, unadjusted 1923-25=100.. 53 53 49 Imports, adjusted for seasonal variation 60 55 58 59 52 52 58 57 49 51 54 53 58 Quantity exports: 1923-25=100.. Total, agricultural products: 44 44 39 64 96 64 51 41 87 128 51 40 36 Unadjusted 1910-14 = 100.. 54 64 76 52 52 59 57 58 Adjusted* 1910-14=100.. 55 98 48 44 48 Total, excluding cotton: 34 30 52 49 33 41 35 33 35 61 74 43 37 Unadjusted ..1910-14=100.. 32 41 37 45 42 40 36 37 35 53 68 37 48 Adjusted* .1910-14= 100.. * New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long-term bonds (all issues except those due or callable within 8 years) for years 1926-34; for data for years 1919-25 see p. 20 of the November 1935 issue. Series on stock sales on all registered exchanges and on the New York Stock Exchange as compiled by the Securities and Exchange Commission for the period October 1934-February 1936 are shown on p . 20 of the April 1936 issue. For quantity exports adjusted for seasonal variation for the period July 1914-August 1935 see p. 18 of the October 1935 issue. t For earlier data on yield of domestic and municipal bonds see pp. 19 and 33 of the April 1933 issue. X The difference in the figures covering the volume of stock sales on the New York Stock Exchange since April 1935 is due to stopped and odd lot sales being included in the figures of the Securities and Exchange Commission. These are excluded in the figures reported by the New York Times. 37 SURVEY OF CURRENT BUSINESS June 1936 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may he found in the 1932 Annual Supplement to the Survey. 1936 April 1935 April May June July 1936 DecemAugust Septem- October November ber January February March FOREIGN TRADE—Continued VALUE § Exports, incl. reexports thous. of dol— By grand divisions and countries: Africa thous. of dol._ Asia and Oceania. thous. of dol— Japan thous. of dol— Europe thous. of dol__ France thous of dol Germany thous. of dol_. 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 d o l 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, t o t a l s 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 d o l 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 d o l By economic classes: §<$ Crude materials thous. of dol— Foodstuffs, crude thous. of d o l Foodstuffs, manufactured.thous. of dol— Manufactures, semithous. of do!— Manufactures, finished thous. of dol..1 192, 629 164,350 165,457 170,193 173,371 172, 204 198,189 221,238 269,310 223, 514 197,958 181,838 194, 792 9, 215 39, 337 16,211 78, 247 9,311 7, 787 4,827 27,954 32, 128 31. 557 17, 902 5,932 15,801 4,031 3,704 1,562 8,006 34,100 13, 719 63,388 8,614 4,819 4,156 20,550 28,957 28,582 15, 747 5,370 14,150 3,864 4,024 1,088 6,797 33,441 13,977 64,945 9,298 4,980 3,552 24, 238 31, 380 30, 636 16,195 5,625 12,699 3,535 3,158 1,119 7,927 33, 325 14,108 69, 380 8,741 7,027 5,565 21,924 28,170 27, 723 17,342 6,368 14,048 4,383 3,474 1,209 9,211 31, 598 11,864 69, 722 7,345 6,348 5,167 24,306 30,141 29,679 17,624 6,004 15,064 4,622 3,733 1,432 9,950 29,475 11,680 72, 590 7,824 5,553 5,596 32, 280 28, 611 27,986 16, 216 4,758 15, 363 4,916 3,596 1,069 6,279 37, 400 16,996 96,926 7,316 8,891 4,796 53,513 28,063 27,418 15, 700 4,916 13,821 4,143 3,196 1,283 8,878 34,143 16, 402 115,315 10, 746 9,885 6, 529 59,098 31,084 30,349 18,090 5,817 13, 728 3,436 3,414 1,089 9,427 51, 058 26, 945 144, 510 18,817 14,363 9,125 62, 481 28,170 27,473 18, 628 5,353 17, 517 4,948 4,537 1,698 9,093 50, 946 26,885 110,183 15, 701 12,327 7,944 41, 823 22,15,7 21,760 17, 729 6 025 13,406 3,556 3,276 1,216 7,700 40, 290 18,753 91, 669 11,666 7,136 5,420 37,863 27, 390 26, 990 16, 693 5,642 14, 217 3,784 3,950 1,193 8,307 32, 553 13, 251 83,697 9,794 8,803 7,571 32,304 25, 638 25, 275 16, 281 5,277 15, 361 4,154 4,214 1,254 10, 553 38,332 16, 401 82, 932 8,388 « 9,489 5,891 32, 012 27,945 27, 356 19, 593 6,395 15, 438 3,876 4,109 1,274 189,408 40, 431 22.8 14,199 4,949 9,250 5.5 3.3 1.4 33, 802 100, 976 23.0 5.1 30.7 202, 789 199, 787 160, 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, 567 166,152 159,789 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, 791 167, 226 40, 600 23.4 15, 467 4,014 11,453 5.6 3.3 1.1 28,914 82, 246 20.1 6.4 20.6 156, 756 155,314 168, 006 38,340 19.2 15, 336 5,220 10,116 6.4 3.3 1.1 28,135 86,196 19.4 6.3 23.3 177, 698 174,162 169, 761 40,875 16.6 15, 629 4,788 10,841 6.6 3.2 1.2 31,018 82, 239 15.7 5.8 23.9 169, 030 180,444 195,537 68,677 31.8 22, 399 7,074 15,325 11.8 2.6 1.3 29,309 75,152 13.3 6.1 20.5 161,653 168,689 218,138 82, 604 45 9 23, 695 7,974 15, 721 12.5 2.8 1.5 30, 291 81,548 14.1 5.1 23.5 189,240 189, 688 266, 730 112, 678 75.1 26, 780 5,925 20,855 13.8 4.2 1.4 34,319 92,953 21.9 6.7 25.5 169,386 162,808 220, 977 82, 685 56.8 19, 697 5,169 14, 528 9.4 3.3 1.2 31, 702 86,894 19.7 7.5 22.5 186,864 179,586 195, 085 59, 770 35.7 15,863 4,349 11,514 6.3 3.3 1.3 28, 621 90,831 22.1 5.1 25.5 187, 440 186,351 179,195 50, 054 26.6 14, 763 4,020 10, 743 6.3 2.9 1.2 28,319 86, 059 22.1 3.6 24.6 192, 776 189, 589 192, 081 44,486 26.3 16, 848 5,087 11, 761 6.8 3.5 1.4 32, 096 98, 652 24.0 3.3 27.9 198,686 194,281 5,801 65, 671 13, 286 51, 637 4,538 5,870 3,017 14,712 26,923 26, 710 25, 829 4,828 23, 925 5, 223 7,216 3,442 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 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 3, 085 45,743 10,441 43, 232 4,340 5,338 2,503 11,153 23,389 22, 563 18,112 3,080 21,753 6,336 6,044 1,860 3,098 55, 352 11,496 43,849 3,610 5,109 2,223 12, 389 24,480 23, 773 22, 587 3,267 24, 795 6,611 8, 384 1,657 3,129 52,112 12,839 46, 635 4,557 6,491 2,795 11,711 23,905 23, 266 32,359 2,979 22,304 6,687 7,394 712 2,424 52,380 13,888 52,915 4,796 7,326 2,924 14, 895 27,334 26, 708 11,845 3,014 21,791 4,970 8 205 M15 2,579 57,319 16, 594 65, 053 7,565 7,702 4,723 15, 820 29,741 28, 573 10,183 3,227 24, 813 5, 251 9,934 1,344 3,235 46, 230 14,106 55, 009 5,433 6,738 4,528 14, 214 27, 258 26, 576 8,988 3,048 22,089 4,498 8,530 2,424 3,714 55, 693 14,213 56,019 5,168 8,152 3,553 13, 577 27,901 27,320 11,139 4,220 25,121 5,154 9,414 1,969 4,212 56, 977 15, 086 53, 493 5,539 5,729 2,749 15, 990 24, 675 24, 272 23, 289 3,860 23, 704 4,862 9,158 1,421 4,483 58,590 14, 435 51,612 4,321 5, 650 2, 586 16,132 23,020 22,926 24, 636 4,688 27, 247 4,638 11, 053 3,787 4,936 57, 435 12, 926 55, 491 5,347 6, 740 2,947 16, 730 27, 222 26, 836 24,252 5,094 24,945 5,108 9, 406 2, 748 62,076 28, 690 37,035 37, 57? 34. 409 45,900 27,514 28, 588 30, 729 33, 422 44,361 26, 337 28, 661 33, 577 33. 855 43, 733 23,078 26, 342 31,715 30.44fi 53, 029 24, 232 32, 291 32,106 32. 504 50, 212 24,726 38, 849 31, 290 35. 367 49,844 23,653 20,742 38, 422 36. 027 55, 398 29,492 22, 256 38, 587 43.955 46, 045 24,942 18,909 36,305 36.60R 55, 737 27,116 17,712 42, 768 36. 253 58,412 26, 543 28,733 39, 699 32.964 58, 613 28, 745 31,547 40, 060 30, 625 ! a 57, 749 31,221 32,338 36,127 36, 847 TRANSPORTATION AND COMMUNICATIONS TRANSPORTATION Express Operations Operating revenue thous. of doL. 6,079 7,918 7, 593 7,619 7,671 8,053 8,029 7,745 7, 706 7,936 8,586 142 133 134 136 139 142 137 141 143 140 Operating income thous. of dol Electric Street Railways 8.120 8.120 8.120 8.101 8. 101 8.101 8.101 8.100 8.101 8.101 8.101 8.101 Fares, average (268 cities) cents__ 747, 350 748, 630 693, 542 663,348 662, 696 685, 430 764, 558 742, 270 799, 787 797, 242 780,142 814, 298 Passengers carriedfthousands.. 54, 634 54, 733 50, 929 49, 041 49, 244 50,323 55,442 53, 788 57,874 56, 443 £8, 752 58,138 Operating revenues! thous. of dol. Steam Railways 61 59 63 64 62 60 70 73 67 65 62 63 Freight carloading (F. E. B.): 60 53 72 48 56 66 76 74 88 79 106 60 Index, unadjusted... _ 1923-25=100— 50 49 46 40 43 56 61 62 89 56 73 80 Coal . 1923-25=10035 35 37 38 42 44 43 39 42 37 38 37 Coke 1923-25=100.. 55 56 69 90 90 78 57 69 61 67 72 66 Forest products 1923-25=100-. 30 30 38 38 39 54 63 50 31 35 39 39 Grain and products 1923-25=100-. 65 64 63 64 67 67 66 65 63 62 60 60 Livestock 1923-25=100-. 83 87 87 90 79 71 ! 32 25 14 15 15 15 Merchandise, 1. c. 1 1923-25=100 67 67 67 68 77 82 69 73 76 63 63 67 Ore 1923-25=100-, 61 63 i 58 61 60 62 64 66 66 70 70 71 Miscellaneous 1923-25= luO— 67 63 58 67 61 67 74 97 63 78 Index, adjusted 1923-25=100-. 50 54 ! 49 48 57 60 55 61 68 79 73 Coal 1923-25=100.. 33 35 ! 33 40 42 42 40 36 40 42 45 Coke 1923-25=100.. 68 64 j 74 75 74 70 65 85 62 08 70 Forest products 1923-25=10041 35 ! 41 44 45 47 44 41 39 38 33 Qrain and products 1923-25=100.. 63 64 | 63 64 64 65 64 62 62 66 64 Livestock 1923-25=100.. 46 49 47 51 55 56 04 46 i 62 58 62 Merchandise, 1. c. 1 1923-25=100-. 64 67 64 62 65 70 77 ! 77 74 86 79 Ore 1923-25=100-. Miscellaneous 1923-25=100-. c? Data revised for _1933. See p. 20 of the October 1934 issue; for 1934 revisions, see p. 20 of the December 1935 issue. # Beginning with January 1934, import data represent imports for consumption (goods entering consumption channels immediately upon arrival, plus withdrawals for consumption from bonded warehouses) and are not comparable with earlier figures, which consist of general imports (goods entered for storage in bonded warehouses, plus goods entering consumption channels upon arrival in the U. S.). t Revised series. Data for January 1929-May 1935, inclusive, on electric railway passengers carried and operating revenues for January 1932-April 1935, inclusive, are shown on p. 19 of the August 1935 issue. Data on electric railway passengers carried through December 1935 are based on estimates for 210 companies, and for 1936 on estimates for 214 companies. * New series. Data prior to April 1933 on value of imports for consumption will be shown in a subsequent issue. § Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1933, and January 1934 For revised data for months of 1933, see p. 20 of the September 1934 issue, and for 1934, revisions, see p. 19 of the December 1935 issue. Digitized for issues. FRASER 38 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 1936 April June 1936 1935 April May July June 1936 DecemAugust SeptemOctober November ber ber January February March TRANSPORTATION AND COMMUNICATIONS—Continued TRANSPORTATION—Continued Steam Railways—Continued Freight carloading (A. A. R.): 2, 5-15 Total carsV ..thousands.. 445 Coal ,__„ thousands.. 28 Coke _ _ thousands.. 121 Forest products thousands.. 123 Grain and products. ..thousands.. 50 Livestock... thousands.. 647 Merchandise, 1. c. 1 ...thousands.. 35 Ore thousands.. 1,096 Miscellaneous thousands.. 179 Freight-car surplus, total thousands.. 97 Box thousands.. 42 Coal ..thousands.. Financial operations (class I railways): Operating revenues! thous. of dol_. 313, 408 Freightt thous. of dol.. Passengerf thous. of doL. Operating expenses! thous. of doL. 235,073 Net railway operating incomef thous. of dol_. 41, 548 Operating results (class I railways): Freight carried 1 mile mills, of tons.. Receipts per ton-mile cents.. Passengers carried 1 mile millions.. Waterway Traffic Canals: Cape Cod... .thous. of short tons.. New York State thous. of short tons.. Panama, total! thous. of long tons.. U. S. vessels thous. of long tons.. St. Lawrence. thous. of short tons.. Sault Ste. Marie thous. of short tons.. Suez thous. of metric tons.. Welland thous. of short tons.. Rivers: Allegheny thous. of short tons.. Mississippi (Government barges)# thous. of short tons. Monongahela thous. of short tons. Ohio (Pittsburgh to Wheeling) thous. of short tons. Ocean traffic:! Clearances, vessels in foreign trade thous. of net tons. Foreign thous. of net tons. United States thous. of net tons. Shipbuilding. (See Trans. Equip/ 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 totalForeign travel: Arrivals, U. S. citizens number. Departures, U. S. citizens numberEmigrants _ numberImmigrants .number. Passports issued numberNational parks: Visitors .numberAutomobiles number. Pullman Co.: Passengers carried thousandsRevenues, total... thous. of dol. « 2,302 "378 a 22 102 108 52 «642 «39 «960 310 175 88 2,327 394 23 100 102 52 639 102 915 305 189 68 3,102 2,229 491 318 19 26 106 I 152 120 I 211 64 39 798 601 171 131 1,189 894 245 296 152 178 73 53 3,035 621 30 131 127 51 768 159 1,148 272 175 50 2,632 446 26 124 162 69 641 135 1,029 229 133 59 274, 663 279, 549 281, 336 275, 349 294,018 221,968 224,330 225,183 220, 490 234,986 27,181 27,114 31, 053 31,604 33,849 209,416 209,196 216,464 217,931 221,238 2,882 544 30 126 148 87 667 130 1,150 208 125 48 3,179 625 36 137 157 84 788 67 1,284 252 143 65 2,319 522 33 104 109 51 586 21 892 271 155 2,353 587 37 104 121 52 566 23 864 231 138 47 3, 135 906 54 134 151 53 730 28 1,078 171 104 22 2,419 423 27 122 136 48 G22 306,960 341,018 301,331 296, 225 299, 099 249,926 284,614 248,146 225, 826 241, 160 30, 820 28, 608 27, 848 34, 374 34, 102 218, 040 232, 516 218, 583 234, 053 231, 779 300. 459 245 145 31, 902 235, 906 308, 304 251,821 30, 516 230, 579 33 595 35, 206 81 0 2,155 813 0i 0 0I 0 2,043 1 1,864 0 200 0 2, 634 981 0 0 2, 149 0 34, 709 39, 505 34, 025 26,851 ! 42,074 57, 359 75, 425 54, 234 46,040 23,320 1.041 1,386 24, 662 1.016 1,377 25,933 .974 1,594 23,167 I 25, 936 1.059 I 1.005 1,710 1,855 27,715 .983 1. 660 31,200 .999 1,475 27,468 26,175 .987 1,787 230 554 2,292 938 919 5,985 2,161 1,122 202 574 1,994 907 983 7,148 1,956 1,180 270 800 2,229 983 992 7,454 2,225 1,151 208 655 2,050 843 865 4,087 2,955 1,313 238 0 2,188 852 44 440 2,029 167 224 0 2,149 775 95 213 329 2,079 811 157 888 2,461 484 226 191 246 200 226 267 191 112 149 1,707 98 1,664 1,270 956 834 635 5,162 3,331 1,831 4,351 2,948 1,403 3,521 3,184 1,337 227 228 2,430 1, 023 187 37 188 1,928 154 1,142 229 206 227 | 576 519 482 I 1,778 2,019 2,081 862 715 848 882 1,007 1,024 7,058 7,503 7,731 2,135 1,958 1 2,636 1,072 1,128 | 1,334 293 ! 273 152 1,383 133 1,561 j ! ! I I I I | 238 | 154 143 I 143 ! 146 | 1,271 j 1,491 I 1,239 ! 1,414 863 754 877 881 928 4. 872 3, 329 1, 542 5,188 3,435 1,753 5,703 3,699 2,004 5,958 3,852 2,106 6,379 4,099 2,280 967 ! 6,791 4,436 2,355 782 I 5,786 3,831 1,955 5,580 3,670 1,910 35, 765 1.017 ' 205 104 01 .960 i. 1,695 '_ 43 56 102 ' «140 1,327 547 56 520 4, 305 3, 049 1, 256 4, 039 3, 225 1,414 I 231,237 4,194 61,499 26, 747 3.00 68 2.91 «63 258,924 330,970 335, 762 392, 212 417, 223 488, 019 5,360 5,288 5,756 4,749 4,993 5,605 64,971 73, 896 85, 546 89, 581 77, 370 70,924 28,788 27, 075 31, 226 34,042 35, 732 32,024 2.95 5G 2.94 3.01 66 2.89 65 27,479 24,159 3,382 4,288 4,174 14,202 19, 678 3,708 2,856 4,202 13, 648 12, 781 2,984 2,797 4,121 16, 674 17,130 2,980 2,540 5,098 20, 991 21,189 1,926 2 252 4,918 30, 678 26,081 2,108 2,591 8, 071 77, 723 36,112 7,020 12,967 68, S94 10,899 98, 791 13, 32S 1,409 4,094 1,533 5,035 1,359 4, 326 1,312 4,479 86,111 56,055 22, 314 60, 685 17, 367 ' 86, 783 • 57,167 1 21,895 '59,498 ' 17, 291 85, 364 56. 329 21,271 57, 649 17, 746 88, 909 57, 594 23, 459 59, 582 19,165 14, 621 »14,770 14, 839 14, 921 9,223 7,120 8,050 744 8, 978 6, 851 7, 793 700 10,046 7,757 8,288 1,326 2.94 60 51,930 51,512 4,111 3,711 7,587 50,177 39, 007 4,430 3,679 4,814 100, 593 317, 182 664,422 723, 320 28,176 84, 368 158, 005 183,171 72, 731 18,141 2.86 58 23, 374 «19, 447 16, 536 19,033 2,697 2,249 2,951 2,516 12, 674 22,854 19, 519 19, 342 2,412 2,817 24, 879 90,914 15,908 3.12 61 2.99 I 64 | 2.98 57 2.77 61 2.87 56 26,638 31, 376 » 2. 884 « 2. 524 13, 546 361,839 400, 061 354, 301 •353, 293 '535, 736 4,429 4,245 4,301 3, 958 « 4,860 50, 534 53, 507 44, 061 41, 330 a 70, 926 23,046 18,983 20,837 13. 122 « 31, 730 1,286 4,210 1,425 4,374 1,364 4,251 4, 143 41,210 7,828 1,246 3,864 81, 757 54, 006 20, 569 57,443 16,025 82, 063 53,187 21, 524 59, 683 14,401 82, 360 52,909 22,189 58,255 16, 036 82, 653 53, 923 21,402 57, 394 86, 328 56, 245 22, 630 59, 321 18,529 85, 330 56, 732 21,213 59, 741 17,386 14,335 14,323 14, 350 14,446 14, 512 14, 568 9,568 7.440 7,959 1,219 9,375 7,198 7.682 1, 306 1,193 3,675 1,146 3,660 1,309 4,220 82,127 54,483 20, 566 57,499 16,214 83,406 54,998 21, 250 59, 059 16,052 14, 303 14, 355 ! 1,278 COMMUNICATIONS Telephones:* 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 9,377 7, 366 7,790 1,195 9,809 7,634 7,964 1,450 9,372 7,268 7,824 1,150 9,224 7, 161 7,942 894 7, 545 7,989 | 1,452 I 9,096 6,882 7,708 1,002 10, 245 7,951 8,475 1,377 Revised. # Includes tonnage in both upper and lower Mississippi River. Revised figures prior to December 1934 will be shown in subsequent issue. ! 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. For revisions on Panama Canal from August 1914 to June 1935, see p. 19 of the September 1935 issue. * New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 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. 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; presen,t series for 1934 and 1935 are for 57 carriers representing about 95 percent of all carriers according to the_1932 census, based on revenues for all companies. Beginning January 1930, data are for 62 carriers representing about 95 percent. Revised data for 62 companies for 1935 are as follows: Total operating revenues, January $81,778,000, February $78,142,000, March $81,514,000; station revenues, January $54,859,000, February $53,021,000, March $54,312,000; message tolls, January $19,862,000, February $18,005,000, March $20,131,000; operating expenses, January $58,003,000, February $55,595,000, March $57,478,000; nnn 1 o o r AAr t,246;000, F"~ e bur u a r y 14,285,000, M a r c h 14,334,000, net operating income, January $15,467,000, February $14,316,000, March $15,882,000; stations in service, end of month, January 14,2'" " • This figure covers room revenue only. 1 Data for March, June, August, November 1935 and February 1936 are for 5 weeks; other months, 4 weeks. 39 SUKVEY OF CURKENT BUSINESS June 1936 1935 1936 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 April April May June July 1936 Decem- January October NovemAugust September ber ber February March CHEMICALS AND ALLIED PRODUCTS CHEMICALS Alcohol: Denatured: i Consumption (disposed of) 5, 773 5,536 7,213 8,359 5,001 5,238 thous. of wine gal.. 5,864 5,651 8,192 8,580 5,953 5,554 Production thous. of wine gal._ 1,793 1,750 2,750 2,959 Stocks, end of month.thous. of wine gal.. 1,777 1,694 Ethyl: Production thous. of proof gal.. 11, 948 14, 235 15, 791 14, 611 16, 704 16,646 Stocks, warehoused, end of month thous. of proof gal.. 21, 224 18, 092 22, 213 24,468 | 26, 055 25, 852 Withdrawn for denaturing 9, 974 9,207 9,921 9,398 j 14, 046 14, 632 thous. of proof gal— 1,591 1,642 j 1,771 2,441 1,510 1,676 Tax paid* ..thous. of proof gal— Methanol: 30,471 33, 621 66,077 ' 55,125 36, 422 Exports, refined gallons.. 41,915 Price, refined, wholesale, N. Y. .38 .38 .38 .38 .38 dol. per gaL. Production: Crude (wood distilled)*f A gallons.- 426,313 450.941 452,322 385,472 379,309 403,020 Synthetic gallons.. 1,692,921 1,167,282 1.203,143 1,198,186 1,278,505 1,389,812 Explosives: 22,189 23,957 Shipments! thous. of lb__ 27, 483 23,202 22, 659 22,193 Sulphur and sulphuric acid: Sulphur, production (quarterly) • long tons.. 271,452 Sulphuric acid (104 plants): Consumed in production of 87, 944 94, 980 99, 673 93,873 fertilizer short tons.. 75,690 Price, wholesale, 66°, at works 15.50 15.50 15.50 15.50 15.50 dol. per short ton.. 15.50 139,333 111, 102 99,176 110,249 123,209 Production short tons.. Purchases: 11,760 11,610 16,830 27, 714 35, 573 From fertilizer mfrs short tons__ 20,862 23,334 13, 397 13,186 10,632 From others.. short tons.. Shipments: 24,684 25.381 33,855 18,473 28,516 To fertilizer mfrs short tons.. 29,714 To others short tons.. 40,293 34.382 40, 739 48,404 10, 064 10,211 3,148 17, 947 17,160 2,351 10,816 10, 297 1,836 7,950 7,736 1,632 6,143 6,207 1,739 5, 954 5, 939 1,718 5,548 5, 598 1,720 19,607 23,988 19,729 17,190 13,179 12, 747 13, 899 25,501 16,954 16, 688 18,461 19, 386 20, 315 21,894 17,660 1,911 29,193 2,445 17, 509 2,223 12, 921 1,903 10,433 9, 860 1,649 9,367 2,054 40, 843 73, 349 1,840 51,490 102, 296 39,230 63, 733 105,895 .38 .38 .38 .38 .38 405,034 454,233 478,474 478,331 494, 081 494,144 '476, 496 1,539,554 2,508,978 2,373,475 1,654,794 1,418,863 1,540,171 1,631,832 29,498 26, 876 25, 509 28, 492 27,940 25, 514 374, 276 389,608 131, 441 125, 496 132,508 125, 730 1J7, 864 106, 785 15.50 15.50 15. 50 156, 878 152. 800 141, 339 352, 690 101, 708 15.50 15.50 15.50 130, 260 149, 729 153,792 15.50 172,823 35, 742 12, 111 33,396 17,540 35,134 18,946 30,185 22, 402 24,932 22,193 13,352 15,111 15, 722 15, 988 30,888 46, 717 28, 031 50,802 29, 525 45,478 38,363 51,116 35, 007 47,163 20, 921 37,170 22, 307 54,306 124 151 341 161,955 153,467 137, 754 164,458 36,216 34,219 17, 723 34,025 115, 797 104, 520 114,438 112,802 186 1,306 62 1,233 71,956 155, 686 143,580 149,473 50,970 75,301 39,951 89,538 10, 641 22, 256 38, 528 32,642 4,166 8,075 4,104 4,299 21, 704 70, 791 56,899 53, 097 545 149,917 36, 326 105, 420 276 218, 892 165, 555 92, 739 6,332 43, 885 1,402 178, 789 31, 552 133, 762 139 173,708 134, 406 62,115 4, 252 31, 749 FERTILIZER Consumption, Southern States! thous. of short tons.. Exports, totalf long tons.. Nitrogenousf long tons.. Phosphate materials! -long tons.. Prepared fertilizers.. ....long tons— Imports, totalf# long tons.. Nitrogenousf long tons_. Nitrate of sodaf _ long tons.. Phosphatesf long tons.. Potashf 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 1,023 117,628 17,515 91,481 301 189,085 149,968 100,982 3,368 28,553 1.325 704 93, 456 5,551 82,946 98 178,827 113,829 83,415 4,486 56, 045 1.275 203,152 169,152 814,804 237 157,462 21,116 126, 226 245 193, 512 102,475 75,872 4,309 76, 743 1.275 17 66 44 95 63,402 102,467 153,316 208,797 5,244 15,319 39, 752 28,507 50,637 77, 054 110,633 172,425 2,181 179 421 235 69, 787 43,174 51,317 34,800 37,141 20,899 20, 640 32, 794 16,918 2,200 9,961 2,742 1,350 1,206 1,248 23, 436 19,909 10, 797 12,074 1.275 1.275 168, 384 167, 095 205,105 79, 704 24, 973 19,396 831, 536 870,835 914,169 1.275 1.275 1.275 1.275 1.275 1.275 1.285 1.325 221, 772 226,317 281,892 288,307 320, 800 298,073 259, 374 16, 422 82, 059 87, 313 29,178 28, 438 33,163 54, 687 979, 038 1,013,399 1,102,407 1,199,542 1,217,767 1,190,315 1,137,700 257, 728 238, 498 953, 739 354,389 346, 676 \ Production gallons..! 374, 585 Rosin, gum: Price, wholesale " B " , N. Y dol. per bbl 4. 51 Receipts, net 3 ports bbl. (500 lb.)-- 58,894 Stocks, 3 ports, end of month.bbl. (500 lb)— 144,782 Rosin, wood: Production bbl. (5001b.)-- 54,209 Stocks, end of month bbl. (500 lb.)__ 87,257 Turpentine, gum: Price, wholesale, N . Y dol. per gal .40 Receipts, net, 3 ports bbl. (50 gal.).. 15,157 Stocks, 3 ports, end of month.bbl. (50 gal.)__| 99,320 Turpentine, wood: Production. bbl. (50gal.)-8,662 Stocks, end of month .bbl. (50 gal.)— 10, 610 370, 222 378, 395 360,889 373,417 4.65 4.64 4.67 4.85 69, 290 97,354 110,998 124,401 250, 213 258, 255 272, 312 311,355 335, 318 323,125 46, 028 95, 283 47,867 95,829 47,293 91,477 47,651 89,015 48, 063 86, 730 47,388 86,485 .52 18,410 87,971 .52 .50 24, 366 32,128 85,846 103,831 35,293 122,631 .46 31,136 131,960 .45 18,798 131,273 7,261 2,997 7,324 2,910 7,550 2,937 7,049 7,122 7,004 4, 588 6,787 3,278 336,178 303, 625 343,038 354, 433 5.^8 4.91 4. 68 75, 552 41, 226 23,348 315,021 271, 749 222, G38 4.45 32, 002 156, 291 52,156 52, 693 47, 214 43,894 72, 901 80, 278 83, 021 72.861 .47 .48 .49 .47 .48 13, 350 3,808 1,442 20, 646 20,101 135, 959 145,216 142, 625 125, 285 134, 539 9,042 7,474 7,355 8, 740 6,910 8,553 4,001 5,531 11,582 3,023 51,326 83, 340 5.61 4.83 5.50 5.18 120,950 88,784 93,917 95.860 324, 539 310, 697 306, 658 334,226 43, 719 76,311 .42 4, 800 114, 789 8, 580 10,733 OILS, FATS, AND BYPRODUCTS Animal fats and byproducts and fish oils (quarterly): Animal fats: t I: 212,053 203, 048 210, 541 Consumption, factory thous. of lb.. 319,916 306,659 I ^5,430 Production thous. of lb.. 364, 010 386,852 j 361,160 Stock, end of quarter thous. of lb.. Gelatin, edible: 5,052 | 5, 597 2,853 5,323 Production thous. of lb_. 8, 590 6,841 Stocks, end of quarter thous. of lb.. 8,526 7, 987 Greases: t 52,121 51,146 45,324 |. Consumption, factory thous. of lb_. 68, 942 64,916 64,399 j Production thous. of lb_. 63,645 63, 732 66, 856 Stocks, end of quarter thous. of lb_. Lard compounds and substitutes: f 469,674 457, 595 Production thous. of lb_. 293,425 39,890 Stocks, end of quarter. thous. of lb.. 32, 575 29,747 a Revised. * New series. For earlier data see p. 20 of the April 1935 issue (alcohol withdrawn tax paid), p. 20 of the April 1933 issue (crude methanol). This series for production revised for 1934 and 1935. Revisions not shown above will be published in a subsequent issue. t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer; for 1933 revisions on exports see p. 29 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue. Quarterly data on fats and oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of the November 1935 issue. For revised series on explosives for period January 1920-October 1933 see p. 19 of the January 1934 issue. A The refined equivalent of crude production is approximately 82 percent. • Texas only. Louisiana produced 23 percent of the United States production in 1933 and 16 percent in 1934. 1 Figures since January 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue. # See footnote on p. 37 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue: for 1934 revisions see p. 20 of the December 1935 issue. 40 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 1930 April June 1936 1935 April May June 1936 Decera- January FebruAugust SeptemOctober November ber ary 'ber July March CHEMICALS AND ALLIED PRODUCTS—Continued OILS, FATS, AND BYPRODUCTS—Con. Animal fats and byproducts and fish o i l s Continued. Fish oils (quarterly):! Consumption, factory thous. of Reproduction thous. of lb— Stocks, end of quarter thous. of lb— Vegetable oils and products: Vegetable oils, total: Consumption, factory (quarterly)! thous. of lb__ 478 Exports thous. of lb._ Imports!# thous. of lb._ 107,837 Production (quarterly)! thous. of l b . . Stocks, end of quarter:! Crude.. thous. of lb— Refined thous. of lb— Copra and coconut oils: Copra: Consumption, factory (quarterly) short tons. Imports* .short tons.. 16,791 Stocks, end of quarter short tons. Coconut or copra oil: Consumption, factory: Crude (quarterly)! thous. of lb— Refined, total (quarterly)! thous. of lb._ In oleomargarine thous. of l b . . 12,334 Imports# -thous. of lb._ 40,336 Production (quarterly): Crude. thous. of l b . . Refined —thous. of lb— Stocks, end of quarter:! Crude -thous. of lb_. Refined -thous. of lb_. Cottonseed and products: Cottonseed:! Consumption (crush) .short tons.. 133,666 Receipts at mills short tons.. 31,670 Stock at mills, end of month short tons.. 98,353 Cottonseed cake and meal: 74 Exports! short tons.. Production short tons.. 63,599 Stocks at mills, end of month short tons— 202,429 Cottonseed oil, crude:! Production.. _ thous. of lb._ 43,137 Stocks, end of month thous. of lb— 85,206 Cottonseed oil, refined: Consumption, factory (quarterly)! thous. of lb._ 8,347 In oleomargarine thous. of l b . . Price, summer yellow, prime. N . Y. .094 dol. per lb— Production! _.-thous. of lb__ 65,190 Stocks, end of month thous. of lb— 487,536 Flaxseed and products: Flaxseed: Imports, United States#.thous. of b u . . 1,037 Minneapolis and Duluth: 172 Receipts thous. of bu_. 95 Shipments thous. of bu._ 791 Stocks, end of month—thous. of bu._ Oil mills:! Consumption, quarterly thous. of bu— Stocks, end of quarter..thous. of bu_. Price No. 1, Minneapolis.dol. per bu_. Production, crop estimate thous. of b u Stocks, Argentina, end of month thous. of bu_. Linseed cake and meal: Exportsthous. of lb.. 33,233 Shipments from Minneapolis thous. of lb_. 23,715 Linseed oil: Consumption, factory (quarterly)! thous. of lb_. .095 Price, wholesale, N . Y dol. per lb_. Production (quarterly)!—thous. of lb_. ~9~372 Shipments from Minn thous. of lb_. Stocks at factory, end of quarter thous. of lb_. Oleomargarine: Consumption (tax-paid withdrawals) 32,46thous. of lb. Price, standard, uncolored, Chicago .143 dol. per lb. 32,302 Production thous. of lb. Vegetable shortenings:*^ . 11' Price, tierces, Chicago dol. per lb. I 59,139 9,143 172, 371 628,186 632 251 96,622 I! 121,023 357,167 939 91,445 -_ 63, 346 67,249 187,916 593 95,895 696 1,492 609,071 j.._ 383 237 92,174 87,810 ! 456,913 507,571 ! — 602,217 ! — 536,998 355,800 I 35,733 .... | - 48,424 11,990 I 6,858 26,138 10,330 19,535 i 24,605 ._ I 29,565 15, C I 128,036 I 86,811 13,804 11,472 27,849 ! 39,040 15,945 25,293 67,328 I 117,078 I _ 212, 667 ,1,004,980 338 i 329 79,966 I 114,354 | 950,784 27. 433 66, 737 32,019 ! 22,873 I 40,039 648 82,003 13, 297 14,97' 135,073 I 130,395 | 101,105 10,326 1 13.056 j 16,771 22,929 ; 29,770 j 25,965 181 77, 068 _l 632,757 | 477,563 I I ' : 526 94,611 16,372 31,055 15, 275 21,985 105,252 15,024 45,122 ~l7,~946T~27~i68~ 13,289 23,507 ! 37,972 j 22, 532 84,509 93, 006 127, 904 23, 992 112,507 26,036 129,372 18,886 102, 266 22,435 741,295 1,096,758 248,878 169, 047 24 61,704 49 46, 959 518,673 481,299 456, 656 350,614 j 252, 06." 244,044 85,646 I 80, 504 828,029 886, 804 849,430 636, 818 371,850 I 200,349 2,418 336,139 1,382 1,403 287, 362 231,337 189 207, 346 634,326 693,101 263, 899 242, 204 253,294 312,279 355,432 j 358,752 43, 525 61,725 33,194 47,589 22, 617 38,036 225,168 110, 557 193,025 119,314 154,286 I 135,623 131,843 128,018 11,005 7,819 256,192 6,425 6,610 8,549 . 103 73,380 576,783 .105 52,011 540,864 .101 37,063 513,358 .104 161,333 289, 326 .103 176,261 343,550 .102 73,430 287,347 2,567 ! 781. 163,342 ! 114,649 322,211 | 285,958 361,863 9,120 107,792 126,446 8,626 81,055 313,413 10,700 j 8,178 .101 .097 | .094 .107 139, 381 126,945 114,079 ! 84,935 453, 990 489,195 ! 504,033 401, 284 1,160 1,360 1,738 2,240 1, 129 1,322 930 1,254 1,690 139 242 603 214 179 397 319 70 344 205 117 248 985 81 344 4,009 389 2,040 3,148 1,299 3, 326 952 1,266 2,597 415 298 2,153 229 142 1,928 1,414 1,496 119 1,640 224 131 1,246 I 8,264 4,270 1.77 1.65 ~1.~59~! 1. 53 I 1.79 1.87 1.80 1. 84 /14, 931 7,874 7,087 6,299 2,322 4,331 3,543 2,559 1,969 36,929 33, 201 53,605 39,368 41,787 35,356 37,430 40,983 59,293 39,399 i 36,225 j 42,379 6,114 4, 776 4,485 7,544 12, 506 21, 527 22, 647 19, 509 22,245 21, 782 .095 .096 .097 5,233 73,812 .089 116,667 10, 235 ~ 67 053 | ~6~n8" I 5,315 : .093 116,946 6,045 | ! 4,797 104,995 i 38,243 i 27,785 .140 37,386 .127 ! 13, 320 -_._- 106,332 26,766 j 17,846 j 26,193 . 140 .140 30,446 | 25,222 .128 l .135 21, 469 .130 25, 793 .129 I .124 .130 3,150 | 4, 331 | 5, 315 75,404 . 101 I 156,569 8,605 | 6,854 \ 4,069 .097 i 15, 244 21, 748 .100 .098 7,853 10, 200 ! 146,532 32,440 i 32,430 35,501 | 32,831 37,388 37, 851 32, 368 .142 32, 261 .145 | .145 33,962 ! 33,506 .128 i .125 .145 .145 36,558 | 38,835 . 145 33, 791 .130 31, 855 .130 .128 . 122 I . 118 . 117 "Revised. / December 1 estimate. •For earlier data on vegetable shortening price, see p. 18 of the January 1934 issue. !Revised series: Monthly data on cottonseed and cottonseed products for the year ended July 1932 were shown on p. 20 of the February 1933 issue; revisions for each month of 1933 were shown when monthly data for 1934 became available; revisions for year 1934 were shown on p. 38 of the November 1934 issue and for year ended July 1935 on p. 20 of the November 1935 issue. For exports of cottonseed cake and meal for the year 1932, see p. 37 of the June 1933 issue. Data revised for 1933, see p. 19 of the September 1934 issue; for 1934 revisions, see p, 19 of the December 1935 issue. For revised data on imports of vegetable oils for 1932, see p. 17 of the June 1933 issue; for 1933, p. 20, of the October 1934 issue; and for 1934, p. 20, of the December 1935 issue. Quarterly data on fats and oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of the November 1935 issue. #See footnote on p. 37 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue; for 1934 revisions, see p. 20 of the December 1935 issue. •This series prior to September 1935 was listed as "Lard Compound." SURVEY OF CURRENT BUSINESS June 1936 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 1936 April 41 1935 April May June July 1936 DecemAugust SeptemOctober November ber ber January February March 23,914 16, 355 8,195 8,160 7,559 20,154 14, 270 7,073 7,197 5,884 29,906 20,660 9,224 11,436 9,245 CHEMICALS AND ALLIED PRODUCTS—Continued PAINTS Paints, varnish, lacquer, and filler products:§ Total sales thous. of dol_Classified thous. of doL. Industrial— thous. of dol_. Trade thous. of doL. Unclassified (273 estab.)§-thous. of doL. Plastic, cold-water paints, and calcimines: Sales: Calcimines dollars.. Plastic paints dollars.. Cold-water paints . ..dollars.. 32, 851 22, 295 9,178 13,117 10,557 36,160 24,434 15, 745 11,726 32, 326 22,118 8,503 13, 615 10,207 28,975 19,675 8,338 11, 33f> 9,300 28,502 19,214 7,777 11,438 9,287 28,536 19,039 7,985 11,054 9,497 32,853 22,132 9,519 12, 613 10,721 25, 427 17, 856 8, aoy 8,870 7, 571 20, 039 14, 271 7,561 6,710 5,768 332,343 36,653 113, 202 376, 644 35,563 128, 461 303,229 28,668 102,892 253, 256 29,039 103,161 266,689 29,261 107,877 274,829 27,463 102, 379 264,306 34,414 105, 306 212,871 31, 760 77,784 205, 543 21,468 72, 918 280,896 j "199,183 295,018 31,292 o 27,734 45,540 89,730 76,971 CELLULOSE PLASTIC PRODUCTS Nitro-cellulose:* Sheets, rods, and tubes: Production Shipments Cellulose-acetate: * Sheets, rods, and tubes: Production Shipments... thous. of lb_. thous. of Jb.. 1,388 1,319 1,311 1,356 1,292 1,246 1,009 1,017 1,026 1,024 1,285 1,294 1, 551 1,435 1,660 1,598 1 298 1 420 1,469 1,398 1,230 1,252 1,322 1,148 1,224 1,239 thous. of lb_. thous. of lb_. 1,221 1,097 1,107 1,048 718 649 317 293 486 525 595 578 882 1,299 1,239 1 265 1 114 859 869 934 597 546 785 939 23,713 7,086 19,723 6,653 21, 831 6,324 21,454 7,252 20,215 7,376 20,666 7,730 20,419 7,376 24, 716 6,962 16,851 7 577 15, 780 8,935 17, 286 8,677 19,313 7,902 22,528 7, 999 2,974 606 908 1,460 2,882 586 991 1,304 2,213 494 739 980 2,321 576 635 1,110 2,768 667 815 1,286 3,102 834 766 1,501 3,180 850 869 1,461 1 952 498 482 972 1,186 270 308 607 1, 668 366 341 961 3,139 660 565 1,914 2,591 566 681 ROOFING Dry roofing felt: Production short tons.. Stocks, end of month short tons.. Prepared roofing shipments:^ Total.. thous. squares.. Grit roll.. _ thous. squares. Shingles (all types) thous. squaresSmooth roll thous. squares. 1,345 ELECTRIC POWER AND GAS ELECTRIC POWER Production, totalf mills, of kw.-hr__ By source: Fuelsf mills, of kw.-hr__ Water powerf mills, of kw.-hr.. By type of producer: Central stationsf mills, of kw.-hr_. Street railways, manufacturing plants, etc mills, of kw.-hr... Sales of electrical energy: Sales to ultimate consumers, total (Edison Elec. Inst.) mills, of kw.-hr.. Domestic service mills, of kw.-hr__ Commercial—retail mills, of kw.-hr.. Commercial—wholesale, mills, of kw.-hr. _ Municipal street lighting mills, of kw.-hr__ Railroads: Electrified steam mills, of kw.-hr_. Street and interurban.mills. of kw.-hr.. Revenues from ultimate consumers (Edison Elec. Inst.) thous. of dol 8,870 7,816 8,022 7,875 8,373 8,576 8,206 8,847 8,690 9,139 9,246 j °8,599 a S, 905 4,880 3,990 4,203 3,612 4,301 3,721 4,425 3,450 4,781 3,592 5,246 3,330 5,182 3,024 5,975 2,872 5,432 3,258 5,850 3,288 5,881 I » 5, 681 3,365 j ffl 2, 918 1 0 5,115 3,790 8,395 7,365 7,557 7,419 7,846 8,078 7,731 8,361 475 451 465 456 527 498 475 6,225 1,102 1,129 3,327 6,145 1,060 1,099 3,346 6,147 1,059 1,095 3,396 6,265 1,052 1,128 3,468 6,614 1,073 1,177 3,734 6,635 1,135 1,192 3,676 186 175 152 ! 170 180 365 66 354 65 331 67 329 333 156,069 153, 203 151,437 151, 215 i,747 ' 8,118 551 499 481 481 6,823 1,186 1,220 3,726 6, 927 1, 289 1, 293 3, 624 7,029 1,368 1,361 3,493 6, 999 1,340 1,324 3,514 6,913 1,254 1,256 3,649 189 207 217 227 7,278 1,466 1,403 3,567 ! j 234 | 219 209 67 328 73 360 79 368 86 439 100 446 96 435 83 394 162, 789 169 339 173 459 179,141 j 171,220 165,650 156,038 I 159,073 i 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 commerciaLthous. of dol. Natural gas:*f Customers, total thousands. Domestic thousands. Industrial and commerciaL.thousands. Sales to consumers millions of cu. ft. Domestic millions of cu. ft. Industrial and commercial millions of cu. ft. Revenues from sales to consumers thous. of dol. Domestic thous. of dol. Industrial and commerciaLthous. of dol_ a * 8,424 8,588 481 9,869 9,303 117 437 30, 943 18, 742 3,789 9,936 9,369 120 435 30, 304 19,166 3,027 9,949 9, 389 115 434 28,897 19,764 1,271 9,948 9, 394 106 436 25, 723 17, 601 550 9,956 9,407 104 433 24,479 16,673 387 10,023 9,473 106 435 27, 492 19,189 550 10, 033 9,467 121 434 29,897 20,008 1,571 7,600 9,994 9,421 128 437 30,164 18, 543 3,223 10,005 9,425 131 439 33,480 18, 679 5,716 9,960 9, 333 133 485 35,960 19, 922 6,669 9,972 9,346 135 481 36, 611 20,146 7,053 8, 233 7,944 7,720 7,396 8,134 8,206 8,861 9,143 9,190 31, 370 22, 953 2,417 5,857 31,834 24, 275 1. 695 5, 736 31,189 24, 669 894 5,524 28, 313 22,575 419 5,216 27,137 21, 539 313 5,175 30,140 j 31, 753 24,140 i 24, 697 475 ! 1,150 5,782 5,415 31, 308 23, 416 1,849 5.912 33,013 23,336 3, 291 6. 244 34,555; 23,800 4,113 6,495 34,653 23, 322 4, 612 6, 571 5, 827 5,378 448 89,515 28, 576 5,820 5,404 415 68, 272 14,083 5,835 5,427 407 71,519 12,519 5,880 5,468 411 75,325 14,135 5,947 5,510 435 85, 028 18, 556 6,018 5, 552 464 99,714 26,726 6, 039 5, 563 474 113,418 36, 325 59,947 5,845 5. 836 5,403 5,409 441 425 82,843 | 74,116 24,608 19,149 I 57,168 I 53,761 53,314 | 58,049 60,273 | 65,252 j 71,691 31,599 19, 273 12,162 28, 355 17,028 11,159 21,095 [ 20, 776 11,192 | 10,316 9,760 J 10,321 22,120 11,262 10.718 24,395 14,056 10,178 7,288 ! 25,805 13, 677 11,958 32, 099 18,316 13, 591 5,987 5,515 470 123,778 43,715 0, 004 5, 532 469 136, 242 50,131 78,980 ! 84,673 38,825 23, 635 14,981 44,312 27,964 16,178 48,116 30, 581 17, 296 Revised. * New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. Series on cellulose products prior to January 1933 not available. 1 Revised series. Data revised beginning with January 1932; see p. 39 of the April 1935 issue. Revisions for period January 1932 to January 1934, inclusive, will be shown in a subsequent issue. t For revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; 1934 and 1935 data also revised Revisions not shown in the June 1935 issue and in the May 1936 issue will appear in a subsequent number. Manufactured and natural-gas statistics for the years 1929-35 have been revised. Revised data on manufactured gas are shown on p. 20 of this issue. Data for the natural gas series superseded by current statistics appeared on p. 2J of the May 1935 issue and in the monthly numbers through May 1936. Revisions for entire period will appear in a subsequent issue. § For revised data on paint, varnish, and lacquer products for the years on "total" for 1928-35 and "unclassified" for years 1932-35 see p. 20 of the November 19 issue. 42 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 1936 April June 1936 1935 April May June July 1936 Decem- January August SeptemOctober November ber ber February March FOODSTUFFS AND TOBACCO BEVERAGES Fermented malt liquors:* Consumption (tax-paid withdrawals) 3,431 3,887 thous. of bbL. 4,465 4,970 Production thous. of bbL. 8,208 7,219 Stocks, end of month thous. of bbL. Distilled spirits:* Consumption (tax-paid withdrawals) f* 4,901 6,177 thous. of proof gaL. 4,384 5,390 Whisky _ thous. of proof gaL. Production, totalthous. of proof gaL. 23, 251 15,171 14,329 Whisky thous. of proof gaL. 21,917 Stocks, end of month__thous. of proof gaL. 273,798 139,036 131,659 Whisky _.thous. of proof gaL. 264,389 Rectified spirits: Alcohol, ethyl, withdrawn tax paid (see p. 38): Consumption (tax-paid withdrawals)* 1,414 thous. of proof gaL. 2,441 4,006 4,576 7,736 4,341 4,521 7,615 4,675 5,301 4,014 4,613 16, 701 15,144 14,280 15,679 150, 477 160,755 152,807 142,639 5,465 5,335 7,341 5,332 5,107 6,924 3,931 3,868 6,690 3,790 3,735 6,496 3,366 3,221 6,204 3,104 3,219 6,205 4,265 7,020 8,219 4,535 7,807 9,045 3,486 6,372 7,315 3,758 7,076 8,237 15,610 16,238 24,412 14,089 23,002 25,000 14, 557 13,067 13,989 16, 549 18, 301 19,910 171,094 180, 268 187, 729 195, 796 205, 382 215,518 163,202 172, 363 180,066 188,423 197,788 207,154 1,451 1,345 1,271 154,367 138,811 133,372 1,385 2,019 2,614 2,969 2,998 2,679 3, 335 6,640 2, 685 2,932 6,802 3,738 4,433 7,333 6,019 6,173 6,203 5,421 5,687 5,531 21,910 19, 804 22, 691 20, 340 18, 838 21, 612 230,425 242, 830 258, 221 221, 602 233, 797 248,946 2,304 2,028 2,335 DAIRY PRODUCTS Butter: Consumption, apparent*! thous. oflb-. Price, N. Y., wholesale (92-score) dol. per lb_. Production (factory)! thous. oflb-. Receipts, 5 markets ..thous. oflb.. Stocks, cold storage, creamery, end of month thous. oflb.. Cheese: Consumption, apparent! thous. of lb_. Imports^ thous. of lb_. Price, no. 1 Amer. N. Y _.dol. per lb.. Production (factory)t thous. oflb-. American whole milkf thous. of lb_. Receipts, 5 markets .thous. of lb_. Stocks, cold storage, end of month! thous. oflb.. American whole milk! thous. of lb_. Milk: Condensed and evaporated: Production:! Condensed (sweetened)..thous. of lb_. Evaporated (unsweetened) § thous. oflb.. Exports: Condensed (sweetened)..thous. oflb.. Evaporated (unsweetened) thous. of lb_. Prices, wholesale, N. Y.: Condensed (sweetened)-dol. per case.. Evaporated (unsweetened) dol. per case.. Stocks, manufacturers, end of month: Condensed (sweetened): Bulk goods thous. of lb_. Case goods thous. of lb. Evaporated (unsweetened): Case goods thous. of lb. Fluid milk: Consumption in oleomargarine thous. of lb_. Production, Minn, and St. Paul thous. oflb.. Receipts: Boston, incl. cream thous. of qt_. Greater New York* thous. of qt_. Powdered milk: Exports.. thous. of lb_. Orders, net, new thous. of lb_. Stocks, mfrs. end of mo thous. of lb_. 133,162 139.465 .31 132,194 48,379 .34 .27 130,984 179,162 44, 246 58,860 .32 94,838 32,898 .34 .35 .37 104, 426 107, 831 108,096 35, 734 42, 257 41,211 .32 121,157 45, 829 120, 210 71,948 40,117 21, 502 8,217 ° 5,346 53, 989 3,632 .17 59,491 47,448 16, 384 62. 476 6,015 .17 53, 315 41,157 16,836 52, 304 5,880 .18 39,464 27, 598 15, 423 47,085 3,022 .19 38, 782 26,912 11,488 56,180 3,240 .18 43, 841 29, 730 10, 416 54,820 3,794 .17 39,809 26,139 13,339 56,559 5,693 .17 45,317 29, 733 15,164 75, 291 64, 395 94, 679 105,851 114, 953 111,731 82, 397 92, 767 102, 661 100,670 104, 661 92, 912 99, 572 86, 537 90, 890 78,197 79, 556 a 73, 952 68, 363 « 62, 261 33, 619 23, 334 16,856 21,405 19, 833 21,254 52,153 2,832 .15 68,760 54, 293 18, 480 54, 459 46, 593 56,767 48, 320 23, 224 27, 349 22,140 143, 320 136, 491 127, 217 123, 556 124,574 148,822 56,641 3,836 .15 70, 659 55,607 14,645 181,552 .28 141,141 119, 602 48, 294 42,149 53,889 3,647 .16 61,513 51, 493 16,687 96, 392 149,628 61,215 3,735 .16 56, 909 44, 934 11,803 67, 946 55,780 5,676 .26 156,855 33,096 55,145 58,961 4,455 4,217 .17 .15 0 48,816 42,394 34,656 * 30,592 10,688 13,398 4,997 150, 704 149, 397 148,227 .24 .24 .25 200, 733 186, 562 157,839 72,844 72,036 53,000 21, 689 18,918 17, 581 180, 943 231, 663 269, 344 209, 278 161,929 138,202 105, 325 87, 766 102,872 23,328 118, 301 112,704 j 144,222 257 j 229 246 717 89 265 319 242 235 275 332 474 147 1,765 3,267 3,441 2,432 1, 581 1,582 2,383 2,108 2,646 2,585 1,810 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 3.15 3.00 3.00 3.00 2.80 2.80 2.80 | 2.90 3.12 3.15 3.15 3.15 4,403 3, 741 5, 759 5,552 2,931 8,829 72,916 2,845 6,044 2,329 3,659 « 2, 741 2, 963 66, 094 45,375 42, 597 61,775 74,145 13, 059 13,956 9,571 18,159 12, 284 16,511 179, 684 287, 204 339,978 6,529 8,645 7,012 36,039 29, 722 38, 702 Ii6,~64O 286 14, 527 11,219 17,110 18,131 105, 280 111,529 200 12, 298 20,896 228 13, 646 27,377 5, 998 39,899 8,333 17, 349 5,497 14,678 3,373 11,697 358, 780 343,132 229, 065 91,250 11,648 18, 460 2, 463 4,489 5,371 6,515 6,506 6,787 6,932 7,396 7,555 6,622 32, 713 27,869 24, 773 23, 075 22, 738 28, 022 31, 578 30,919 35, 548 16, 529 17, 768 17,160 16, 210 16, 380 15,308 107, 265 109, 639 105, 925 109, 377 111,875 104,459 15, 266 115,536 17, 535 19,614 18,431 110,417 110, 573 107,630 207 12, 338 36, 440 2, 719 281 12, 989 38, 504 243 16, 239 34,698 282 14, 844 29, 702 252 13, 559 23,166 234 13, 254 14, 580 219 12, 654 10,121 305 10, 952 9,212 268 236 10, 720 «a 12, 316 9, 435 8, 485 FRUITS AND VEGETABLES Apples: /168, 465 Production, crop estimate..-thous. of bu._ 5,378 4,563 3,107 616 1,307 1,605 j 6,855 18,836 4,740 6,283 5, 414 Shipments car lot! carloads.. 1,175 7,546 Stocks, cold storage, end of month 1,811 5,976 ° 3, 769 8,225 1,189 360 j 2,510 10,276 I 11,018 thous. of bbL. 13,516 15,016 16,711 11,466 6,800 8,911 I 11,153 14, 450 13,260 15,574 i 12,114 8,428 Citrus fruit, car-lot shipments! carloads.. 14,628 2, 592 3,645 1,744 3,420 2,625 1,838 2,385 1,020 1,518 3,326 I 3,038 2,392 Onions, car-lot shipments! carloads.. 3,654 Potatoes: .906 1.656 .965 1.820 .935 1.800 , 1.790 Price, white, N. Y dol. per 100 Re- 2.406 .713 .706 1.120 1..700 J/356, 406 production, crop estimate thous. of bu._ 13,854 I 11,356 16,810 ~19~566T~24,~388 17, 688 18, 386 21, 073 ~I5,~453" ~9,~097" ~I2,~362~ Shipments, car lot! carloads.. 18,718 ° Revised. §Bulk evaporated milk not included since December 1931. / Dec. 1 estimate. *New series. Beverage figures are compiledby theU. S. Treasury, Alcohol Tax Unit. Monthly data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. For earlier data for receipts of milk in Greater New York see p. 20 of the August 1934 issue. See p. 19 of the June 1933 issue for butter consumption. Data on consumption of rectified spirits are as indicated by the sale of stamps. Data prior to April 1933 not published. #See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue. !Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earler 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 1935 issue. For 1934 revisions on production of butter, cheese, condensed and evaporated milk, and apparent consumption of butter and cheese see p. 19 of the November 1935 issue. For final revision for 1933, car-lot shipments of apples, citrus fruits, onions, and potatoes, see p. 20, January 1935 issue, and for 1934 revisions see p. 20 of the November 1935 issue. 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. 39) equals Bureau of Internal Revenue total of distilled spirits withdrawn tax paid. 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 43 SURVEY OF CURRENT BUSINESS June 1936 1936 April 1936 1935 April May July June August Septem- October Novem- December ber ber January February March FOODSTUFFS AND TOBACCO—Continued GRAIN AND PRODUCTS Exports, principal grains, includingflourand mealf thous. of bu._ Barley: Exports, including maltf thous. of bu__ Price, no. 2, Minn.: Straight* doL per bu.. Malting* _ dol. per bu._ Production, crop estimate.--thous. of bu__ Receipts, principal markets*-thous. of bu__ Visible supply, end of month* thous. of bu._ Corn: Exports, including mealf thous. of bu_. Grindings thous. of bu Prices, wholesale: No. 3, yellow (Kansas City)-dol. per bu._ No. 3, white (Chicago) dol. per bu__ Production, crop estimate.—thous. of bu. Receipts, principal markets—thous. of bu._ Shipments, principal markets thous. of bu._ Visible supply, end of month* thous. of bu._ Oats: Exports, including oatmealt-thous. of bu__ Price, no. 3, white (Chicago).-dol. per bu_. 1,842 1,478 323 1,607 1,594 1,999 2,003 3,449 2,777 2,601 2,481 2,144 1,683 2,156 79 67 549 581 1,953 1,138 872 1,240 823 359 573 .59 .66 "292,249 4,809 .67 .66 .71 .66 6.142 3,826 7,845 13,443 12,978 .68 .71 .97 1.07 .87 .94 .71 .82 .58 .52 .59 .58 .61 .65 .56 .62 5,966 2,550 3,205 2,628 1,559 7,645 13,780 9,923 7827 11,894 7,684 6,845 5,169 3,681 6,412 12,009 16,087 16, 571 15, 474 15,124 34 5,995 44 5,513 39 4,571 29 4,028 63 4,001 74 3,917 28 4,710 46 6,021 42 5,630 32 5,748 48 6,044 52 5,868 70 6,880 .63 .93 .94 .92 .91 .87 .87 .84 .84 .78 .82 .81 .85 .62 .64 .62 0) .67 .62 .63 .58 17, 497 9,878 10,850 9,091 7,313 6,146 7,129 9,544 18,879 .61 .56 (/) !,202,852 18,729 14,466 13,640 18,003 8,508 7,905 7,356 6,039 4,565 3,342 3,102 3,812 7,256 8,133 7,494 7,750 8,673 15,924 12,041 8,860 7,317 6,821 3,932 2,481 4,884 7,685 6,802 5,008 7,955 62 .28 65 .50 63 .44 303 154 .36 70 .29 142 .30 105 .30 83 .29 70 .30 80 .30 88 .28 2,224 3,351 1,901 2,544 28,907 21,300 12,089 6,201 77 .29 (/) ,195,435 4,489 5,652 4,450 8,768 11,867 10,786 8,399 7,075 25,068 41,430 45, 863 46, 637 42,012 41,123 40, 213 37, 648 141, 593 15, 644 288,072 7,717 329,712 6,897 55,374 11, 789 35,182 12,412 90,194 14,056 148, 651 21, 932 342,068 19,769 90, 247 25, 040 51,059 27, 839 29,792 73,986 6,986 79,589 .039 .040 .040 .040 .040 .040 .040 .040 .040 / 38, 452 .039 .039 .039 Production, crop estimate,--thous. of bu. 4,991 Receipts, principal m a r k e t s - t h o u s . of bu_. Visible supply, end of month* thous. of bu._ 35,493 Rice: 4,241 Exports! pockets 1001b.. Imports# pockets 1001b.. 60,932 Price, wholesale, head, clean, New Orleans .040 dol. perlb._ Production, crop estimate._.thous. of b u . Southern States (La., Tex., Ark., and Tenn.): Receipts, rough rice, at mills 161 thous. of bbl. (1621b.).. Shipments from mills (milled rice) total s thous. of pockets (100 lb.)__ Stocks, domestic, rough and cleaned (in terms of cleaned rice) end of month 1,244 thous. of pockets (100 lb.)_. Rye: Exports, including flour thous. of bu_. 0 .50 Price, no. 2, Minneapolis dol. per b u . . Production, crop e s t i m a t e . . . t h o u s . of bu_. 35, 253 Receipts, principal markets*_thous. of bu_. 970 Visible supply, end of month* thous. of b u . 7,176 Wheat: Exports:! Wheat, including flour thous. of b u . 1,423 16 Wheat o n l y . . thous. of b u . Prices, wholesale: No. 1 Dark Northern Spring, Minn.* dol. per b u . 1.23 No. 2 Red Winter, St. Louis 1.0' dol. per b u . 1.02 No. 2 Hard Winter, K. C . d o l . per b u . Weighted average 6 markets, all grades dol. per b u . .95 Production, crop estimate, total thous. of b u . Spring wheat thous. of bu_ Winter wheat thous. of b u . !463, 708 7,418 Receipts thous. of bu_ 7,745 Shipments thous. of b u . Stocks, visible supply, world.thous. of b u . Canada thous. of b u . 189,250 41,482 United States* ..thous. of b u . Stocks, held b y mills (quarterly) thous. of b u . Wheat flour: Consumption (computed)f.thous. of b b l . Exports thous.of b b l . 299 Grinding of wheat thous. of b u . 36,444 Prices, wholesale: Standard Patents, Minn..-dol. per b b l . 6.45 Winter, straights, Kansas City dol. per b b l . 5.24 Production: Flour, actual (Census) thous. of bbl.. 7,842 Flour prorated, total (Russell's) f thous. of b b l . Offal . . . . t h o u s . of l b . 664,251 Operations, percent of total capacity..—. 48 Stocks, total, end of month (computed) thous. of bbl._ Held by mills (quarterly)..thous. of bbl. 175 143 82 14 272 930 2,402 953 961 529 270 331 591 1,224 1,842 1,075 632 333 709 0 .61 0 .54 0 2 2 0 .46 .48 0 .45 .47 .52 "l,~680 9,198 298 ""286 8,559 6,907 ~2," 212" 7,060 ~2,~46T ~2~ 754 8,367 9,088 657 845 483 232 882 538 1,019 1,070 979 2,968 3,136 3,044 2,554 1,855 2 .49 0 .49 / 57,936 1,169 1 .53 0 .57 T06l' 9,660 9,022 8,412 7,642 7,555 1,425 30 1,281 30 1,426 2 1,195 8 1,231 66 1,278 8 1,324 14 1,489 14 1,602 30 1,132 34 1,202 13 1,192 28 1.19 1.16 1.05 1.13 1.27 1.33 1.34 1.28 1.28 1.33 1,31 .97 1.05 .93 .99 .87 .99 .92 1.04 1.03 1.15 1.10 1.19 1.05 1.13 1.06 1.11 1.09 1.13 1.09 1.10 1.03 1.07 1.00 1.07 1.07 27,883 14, 695 443,400 259,869 82,406 14,501 12,403 /603,199 /"169, 752 (433,447 9,943 7,181 484,010 259,928 74,730 9.277 7,964 468,910 243, 631 68,010 5,474 6,782 427, 650 223,725 58,164 9,022 248 38,987 1.13 .97 .97 28,895 11,233 339,480 192,419 36, 674 48,169 14,997 359,920 186,114 64,198 7,624 253 7,665 248 7,646 270 35, 567 33, 745 33,918 37,141 7.22 6.87 7.44 7.99 5. 5.54 6.13 6.24 7,381 7,387 6,390 7,971 405,507 216,181 42,832 8,298 8,683 380,760 199,926 31,607 8,154 266 7,920 303 35, 466 7.48 5.91 10, 024 11,217 342,490 194,779 23,739 58,700 7,787 8,290 621,828 48 42, 289 15, 595 418,130 219,903 78,631 257,424 80,371 155,791 139,774 8,567 279 41,686 10,703 314 45, 664 8.38 8.48 7.06 .52 ~1,~324 1.08 1.06 9, 788 9, 289 380,190 206, 823 49,537 86,097 10, 373 335 7,923 234 9,386 253 38,254 33,123 40,042 8.15 8.21 7.19 6.84 6.69 6.09 8,274 7,175 8,644 7.19 9,055 9,035 297 "38,273 6.99 6.92 5.56 5.42 8,401 0 8, 252 8,016 11,116 9,746 9,070 7,857 8,163 659,717 744, 779 821, 200 9,802 9,386 709,574 8,349 8,975 48 597, 746 599, 548 692, 087 595, 761 728, 216 61 56 °694,897 53 47 46 53 46 51 4,270 5,592 4,200 4,500 5,400 5,600 5,400 5,200 4,950 4,100 4,400 4,600 4,222 3,864 4,068 3,639 1 1_ N .o.quotation. . _ f Dec. 1 estimate. , Brewer's rice not included. • May 1 estimate. Revised. * New series. For earlier data, see p. 20 of the November 1932 issue, rye and barley receipts and rye stocks; and p. 20 of the June 1935 issue, wholesale price of wheat, No. 1 Dark Northern Spring, Minneapolis. Since the division of no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1,1934, prices for each grade have been reported separately. t 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 data on exports for 1932 see p. 39 of the June 1933 issue for 1933, p. 20 of the September 1934 issue, and for 1934, p. 19 of the December 1935 issue. • Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet. # See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue, and for 1934, revisions p. 20 of the December 1935 issue. 8,125 625,958 48 44 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 1936 April June 1936 1935 April May June July 1936 DecemAugust Septem- October November ber January February March FOODSTUFFS AND TOBACCO—Continued LIVESTOCK AND MEATS Total meats: Consumption, apparentA mills, of lb__ Production (inspected slaughter) A mills, of lb__ Stocks, cold storage, end of month, totalA 6G7 mills, of lb__ 61 Miscellaneous meats mills, of lb_. Cattle and beef: Beef and veal: Consumption, apparentA—thous. of lb_. 1,032 Exportsf thous. of lb__ Price, wholesale: Beef, fresh native steers, Chicago .149 do!, per lb__ Production, inspected slaughterA thous. of lb__ Stocks, cold storage, end of month A thous. of lb_. 64, 923 Cattle and calves: Movement, primary markets: 0 1,673 Receipts _ thous. of animals.. 1,094 Slaughter, local thous. of animals.. Slaughter, inspected. (See Leather and leather products.) 573 Shipments, total thous. of animals.. 195 Stocker and feeder.thous. of animals.. Price, wholesale, cattle, corn-fed, Chicago.._ dol. per 100 lb__ 9.21 Hogs and products: Hogs: Movement, primary markets:* 1,875 Receipts thous. of animals.. 1,322 Slaughter, local thous. of animals.. Slaughter, inspected. (See Leather and leather products.) 550 Shipments, total...thous. of animals.. 38 Stocker and feeder.thous. of animals._ Price, heavy, Chicago..-dol. per 100 lb__ 10.55 Pork, including lard: Consumption, apparentA--thous. of lb__ Exports, totalf thous. of lb__ Lardf thous. of lb_. Prices: Hams, smoked, Chicago..dol. per lb__ Lard: Prime contract, N. Y_..dol. per lb_. Refined, Chicago* dol. per lb_. Production, inspected slaughter, totalA thous. of lb._ LardA thous. of lb Stocks, cold storage, end of mo. thous. oflb__ Fresh and curedAthous. of lb._ LardA thous. of lb_. Sheep and lambs: Lamb and mutton: Consumption, apparentA--thous. of lb__ Production, inspected slaughterA thous. of lb__ Stocks, cold storage, end of mo. thous. of lb_. 1,795 Movement, primary markets:* 1,798 Receipts thous. of animals.. 990 Slaughter, local thous. of animals.. Slaughter, inspected. (See Leather and leather products.) 800 Shipments, total thous. of animals.. 112 Stocker and feeder.thous. of animals.. Prices, wholesale: 4.81 Ewes, Chicago dol per 1001b_. 10.75 Lambs, Chicago dol. per 1001b.. Poultry and eggs: 2,022 Receipts, 5 markets thous. of cases.. Stocks, cold storage, end of month: 3,031 Case thous. of cases.. Frozen thous. of lb_. 69,145 Poultry: Receipts, 5 markets thous. of lb.. 15,122 Stocks, cold storage, end of mo. thous. of lb_. 49, 316 882 917 808 876 834 1,015 799 843 744| 818 777 992 813 66 716 57 641 53 478 50 422 49 402 53 405, 041 425, 522 380, 687 416, 360 471,179 1,034 1,084 623 1,193 988 472,160 1,226 .192 .191 .174 374, 311 404,144 366, 834 540 ! 50 ! .170 .179 .170 463, 641 465, 982 915 448 63 933 1,009 844 942 1,023 1,144 j 847 937 563 74 698 ! 79 I 546, 724 473, 218 464, 510 1,013 1,041 604 .169 .166 .178 559, 057 492, 498 472, 516 77, 559 63, 523 55, 653 49, 473 47, 292 48,226 ) 65,484 1,630 1,025 1,636 1,034 1,402 904 1,603 1,053 1,944 1,136 2,257 1,241 2,545 1,351 2,037 1,340 1,809 j 1,143 587 219 596 237 494 150 414 145 792 302 978 441 1,198 629 12.55 12.43 11.50 10.00 11.54 11.31 11.41 911 445 11.36 1,650 1,138 1,551 1,075 1,301 926 1,336 912 1,278 874 1,220 824 1,652 1,182 506 <*30 477 26 9.41 375 27 9.49 420 24 9.49 401 31 11.26 390 22 11.41 463 25 10.19 91,164 106, 210 493, 972 426, 553 439,651 728 1, 218 787 . 180 .151 104, 447 I 86, 928 j « 79, 509 1,416 942 1,625 1,046 650 242 623 196 462 116 556 190 12.21 12.11 10.61 10.31 1,671 1,149 2,036 1,428 2, 524 1,774 1 817 1, 188 2,045 1,372 526 24 9.42 606 36 9.51 745 38 9.73 26 10.33 666 33 10.10 450,560 362, 070 443,486 14, 929 11, 268 16,403 7,514 10,117 11,461 .213 .223 .264 .279 .260 .267 .273 .263 .151 .158 .168 .177 .169 I .177 ! .151 .164 .138 .144 .117 .134 .109 .120 363,631 57,704 666,105 564,881 101,224 593,399 I 529,987 503,413 I 445,307 89,986 84,680 .203 .171 484, 406 .141 .147 .154 .148 373,924 I 321,685 58,684 ! 49,102 .195 *675 67 1,785 1,158 415,462 427, 060 370,858 395, 089 341,068 301,338 I 399, 239 387,163 413, 271 14, 787 20, 294 15, 041 13,413 10, 256 6,213 7,425 14,872 12,832 7,193 6,877 4,915 1,515 3,406 2,731 7,932 9,740 7,853 .138 .143 689 ! 70 I .235 .112 .118 .111 .118 315,612 290,419 45, 772 41,306 250,608 j363,102 409, 862 495, 296 595, 065 i 390, 346 453,787 34,392 96,392 | 66,464 75,518 47, 758 58, 072 74,009 438,345 378,786 322,955 ! 281,365 291,115 379,495 511,711 530,143 °526, 963 369,910 325, 249 277,605 I 240,663 253, 209 326, 777 436,042 451, 418 "450,149 68, 435 53, 537 45,350 ! 40,702 37,906 75, 669 78, 725 a 76, 814 52,718 61,319 64,862 56,361 59,874 63, 986 60,255 I 69, 370 54, 961 54,837 64,298 j 55,016 ! 58,477 61,089 64, 678 55,946 59, 653 63, 641 59,941 | 69,083 55, 702 55, 231 64,140 I 54,829 j 58,285 3,031 2,354 2,376 2,109 1, 730 1,968 2,661 3, 025 2, 824 2,106 1,223 2,251 1,227 1,994 1,037 2,368 I 2,577 1,185 1,144 2,822 I 3,055 1,109 1,225 1,588 966 1,862 ! 1,631 j 1,127 j 949 j 1,046 86 891 81 1,169 109 1,660 533 1,860 822 335 620 112 3.69 6.72 3.00 6.72 2.95 8.23 1,434 342 3.09 8.25 3.28 8.05 3.59 9.00 4.11 9.81 4.35 10.80 1,503 1,170 856 6,353 I 4,644 2,738 98,653 I 88,018 ' 79,035 964 69,546 4.00 6.58 1,866 1,963 ! 3,901 6,366 j 7,595 59,313 I 84,680 j 107,937 7,373 7,947 116, 274 112,585 1,376 | 781 1,732 I 927 I 704 732 1 94 I 4.50 10.25 2, 563 i ° 2, 334 690 ! 59 ! 4.34 9.97 811 i 784 159 59,722 1,701 1,023 4.62 9.66 1,798 13 I a 807 46, 367 ; « 45, 848 14,178 15, 147 18,615 18,646 i 16,765 21, 783 28, 332 62,486 I 56,321 ; 21,433 15,654 1 15,098 61,815 48, 274 47, 051 41, 262 39,720 53,156 86.098 I 107,389 j 103,833 85, 792 ! « 69, 494 34, 911 TROPICAL PRODUCTS Cocoa: 12, 332 18, 229 21, 593 12, 587 19,388 19,005 24,357 30,508 ! 32,601 28,549 Imports# -long tons.. 31,206 17,051 .0517 I .0510 .0501 .0491 .0470 .0501 .0517 .0535 I .0550 .0536 .0501 Price, spot, Accra, N. Y dol perlb.. .0533 .0474 Shipments, Gold Coast and Nigeria 61,247 ! 59,819 \ 40,114 22, 657 14, 631 12,796 17,399 14, 696 10,820 1 23,345 long tons.-! 17,025 39, 786 54,930 • Revised. A Government slaughter not included, for months June 1934-February 1935 see p. 44 of the June 1935 issue. • See footnote on p. 37 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue, for 1934 revisions see p. 20 of the December 1935 issue. t For revisions of exports for 1932, see p. 40 of the June 1933 issue. For revised data for 1933 on all export data, see p. 20 of the September 1934 issue, for 1934 see p, 19 of the December 1935 issue. • New series. See p. 18 of January 1934 issue. • Included animals purchased for Federal Relief Corporation for the months of October 1934-February 1935. Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data : may be found in the 1932 Annual Supplement to the Survey 45 SURVEY OF CURRENT BUSINESS June 1936 1936 April 1935 April May June July 1936 DecemOctober NovemAugust September ber ber January February March FOODSTUFFS AND TOBACCO—Continued TROPICAL PRODUCTS—Continued Coffee: Clearances from Brazil, total thous. of bags.. To United States thous. of bags.. Imports into United States# thous. of bags.. Price, Rio No. 7, N. Y dol. per lb— Receipts at ports, Brazil thous. of bags.. Stocks, world total, incl., interior of Brazil thous. of bags.. Visible supply, total excl. interior of Brazil.. _ _thous. of bags. United States thous. of bags.. Sugar: Raw sugar: Cuba: Stocks, total, end of month thous. of long tons.. United States: Meltings, 8 portsf long tons__ Price, wholesale, 96° centrifugal, New York. dol. per lb_. Receipts: From Hawaii and Puerto Rico long tons.. Importst# .long tons.. Stocks at refineries, end of mo.f 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* A long tons__ Philippine Islands* long tons.. Shipments, 2 portsf long t o n s Stocks, end of month, 2portsf.long tons.. Tea: Imports# thous. of lb__ Price, wholesale, Formosa, fine, N. Y. dol. per lb._ 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. of lb— Imports, unmanufactured^.._thous. of lb— Production, crop estimate thous. of lb— Stocks, total, including imported types (quarterly) mills, of l b . . Flue-cured, fire-cured, and air-cured mills, oflb__ Cigar types mills, of lb— Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions.. Large cigars thousands.. Manufactured tobacco and snuff thous. of lb__ Exports, cigarettes thousands.. Prices, wholesale: Cigarettes —dol. per 1,000.. Cigars dol. per 1,000,. 1,094 549 1,138 .063 1,027 0) 8,128 995 2,092 460, 316 1,298 637 1,466 887 1,651 879 1,420 779 1,474 824 971 .069 1,440 1,308 728 1,114 .066 1,343 943 .064 1,379 1,130 .066 1,431 1,237 .068 1,651 1,086 .066 1,472 1,299 .065 1,539 24,032 22, 930 23, 204 24,716 27, 204 27,765 28,738 29,548 0) 0) 7,374 655 7,540 672 7,670 799 7,653 863 7,794 941 7, 669 817 7,844 7,832 832 7, 846 1,010 8, 116 1,056 2,230 1,993 1,589 912 775 755 1,108 1,991 340, 929 436, 500 323,013 414,436 1,138 612 1,316 734 1,061 .071 1,344 1,390 687 991 .071 1,509 24, 722 7,153 715 2,465 .033 .033 7,749 i 790 ' 1,158 1,076 331, 240 301,969 313,903 .035 .036 .035 .031 73,641 82,044 69,960 54,844 67,731 38,864 211,023 .038 .033 176,391 325,379 168,519 242,346 125,811 163,091 117,378 120, 832 116,556 225,913 ; 210,218 326, 736 511,025 117,163 301,105 567,039 509,028 | 504,813 536, 236 571,925 512,518 3,710 .053 .049 4,209 .052 .049 6,496 .055 .051 12, 450 .055 .050 13,369 .056 .051 14, 485 .056 .052 .033 3,187 .053 .052 5,681 .053 .052 .033 1, 563 954 1,248 .066 1,409 1, 360 1, 201 692 1, 575 .068 1, 496 1,450 .065 1,444 30, 650 240, 378 241, 580 321, 986 331, 296 419,096 370, 639 310,543 10,308 .057 .052 4,375 .056 .052 .033 . 034 .036 90, 223 144, 017 197, 386 246, 005 315,164 279, 852 178,176 4,867 .053 .052 228, 493 240, 659 1, 895 .053 .052 4,391 . 053 .048 17,924 12,806 15,028 16, 260 12,099 6,472 6,381 1,534 1,402 225 5,506 15, 021 14, 213 37,988 14,501 43, 725 19,816 45,164 4,816 59,109 11,839 24, 586 5,875 56,190 13,857 10,361 6,857 50,368 14,603 27,842 101,105 0 6,555 58, 606 50,451 13, 742 13,346 7,666 0 46,853 9,754 8 0 40,943 9,951 2,298 0 34,026 15,842 636 693 30,636 9,352 26, 987 0 57,640 13, 340 28, 707 2 902 58, 820 13, 203 42, 877 9,371 65, 722 11, 080 6,776 6,049 5,999 5,499 5,830 6,521 8,457 9,326 7,867 8,378 6,067 5,915 8,159 .275 .275 .275 .275 .275 .275 .275 .275 .275 .275 .275 .275 20,419 19,637 14,434 11,191 16,910 27,886 26,187 27,030 26,170 22, 584 23,192 22,123 41, 588 38,378 203, 609 368,097 42,811 407,363 41,769 732,630 38, 445 42, 793 33,368 950,789 462,745 471,448 76,332 66, 527 70,079 26,437 359,188 60, 488 8,470 42,060 3,781 .275 21, 399 42,560 26,054 24.235 5,883 44,343 309,459 °22,053 21, 691 35,905 48,157 59,443 17,937 5, 700 17, 386 4,044 12,452 6,623 14, 782 5,250 22, 644 6,086 52, 671 4,943 67, 793 4,843 74,845 20,120 20, 016 39,029 490, 638 436, 976 494, 790 64, 031 45,079 31,292 41,929 8,430 35,137 5,726 13, 877 4, 553 1,283,742 2,163 2,200 °2,373 2,416 1,701 374 1,772 348 »1,949 « 344 1,945 374 10, 7fifi 11, 975 10, 774 12,7 9,841 12,725 13,138 11, 869 10, 697 11, 709 12,120 10,801 411, 606 373,673 407,731 402, 272 432,159 422,282 430,959 52^,3 457, 299 312,974 336, 579 350, t>24 ; 377, 1G7 30, 212 28, 984 31,916 27, 919 30, 315 26, 687 23,096 29, 254 27, 689 30, 603 27, 879 29,066 29,490 428,572 261,677 382,815 308,500 304, 549 307, 484 297,240 324, 298 393,886 337, 227 385,525 320, 394 351, 679 5.380 5.380 5.380 5.380 5.380 5.380 5,380 5.380 5.380 5. 380 5. 380 5.380 5.380 46. 041 46.041 46. 005 45. 996 45. 996 45. 996 45.996 45,996 45. 996 45. 996 45.996 45. 996 46. 041 FUELS AND BYPRODUCTS COAL Anthracite: 141 188 121 88 120 87 89 118 Exports thous. of long tons.. 156 156 162 101 Prices: Retail, composite, chestnut! 12. 95 11.86 12.07 12. 83 12.47 12.96 dol. per short ton.. 11.70 11.63 Wholesale, composite, chestnut % 10.015 10.001 9.245 9.981 9. 707 9. 436 9. 657 9.969 10. 065 dol. per short ton.. 9.261 8.942 9.052 10.045 6, 461 2, 730 4, 336 3,536 2, 591 4,172 3,160 5,203 4,919 5,642 4,279 Production! thous. of short tons.. 4,806 4,620 5, 934 4, 217 2, 393 2, 429 4,347 4,879 3,032 3,587 2,868 4,865 3,681 4,168 4,116 Shipments! thous. of short tons.. a 1 Revised. Data not available. / Dec. 1 estimate. tRevised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933, data revised for 1933, see p. 20 of the September 1934 issue. For 1934 revisions see p. 19 of the December 1935 issue. 1932 final revision of anthracite production, p. 42, January 1934. Anthracite shipments for 1932, p. 42, December 1933. For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports and exports see p. 41 of the June 1933 issue. For revisions of exports in 1933, see p. 20 of the September 1934 issue. Revised data on shipments and stocks of refined sugar at 2 ports (for period January 1925-April 1935) are shown on p. 18 of the October 1935 issue. The change resulted from a reduction in the number of reporting refineries. #See footnote on p. 37 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue. For 1934 revisions, see p. 20 of the December 1935 issue. tA 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. Note major correction in data on imports of refined sugar from Cuba, June-November 1934, were shown in the February 1935 issue. *New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May 1934 on imports of refined sugar from the Philippine Islands are not available. 1|Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price is shown quarterly. 46 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 1936 April June 1936 1935 April May June July 1936 Decem- January August SeptemOctober November ber ber February March FUELS AND BYPRODUCTS—Continued CO ALr—Continued Anthracite—Continued. Stocks in storage: •*369 Total thous. of short tons.. Stocks, in yards of dealers, end of month 38 no. of days' supply.. Bituminous: Consumption: 5,133 Coke plants thous. of short tons.. Electric power plantst 2,861 thous. of short tons.. Railroads. thous. of short tons_. Vessels, bunker thous. of long tons.. 462 Exports thous. of long tons.. Price, retail composite, 38 cities H 8.57 dol. per short ton.. Prices, wholesale: 4.303 Composite, mine run. dpi. per short tonPrepared sizes (composite) 4.340 dol. per short ton.. Productiont thous. of short tons.. 30, 318 Stocks, consumers, and retail dealers, end of month thous. of short tons.. 26,970 COKE 20 Exports thous. of long tons.. Price, furnace, Connellsville 3.58 dol. per short ton.. Production: 88 Beehive!.,. thous. of short tons.. 8,466 Byproduct!-thous. of short tons.. Petroleum. __ thous. of short tons.. Stocks, end of month: 1,586 Byproduct plants thous. of short tons.. Petroleum, refinery.-thous. of short tons.. PETROLEUM AND PRODUCTS Crude petroleum: Consumption (run to stills) .thous. ofbbL. 2,864 Imports* thous. of bbl._ 1.040 Price, Kansas-Oklahoma dol. per bbl_. Production!!--thous. of bbl_. Refinery operations pet. of capacity.. Stocks, end of month: California: Heavy crude and fuel oil§ thous. of bbl.. Light crude§ thous. of bbl_. East of California, totalf§.thous. of bbl.. Refineriesf§ thous. of bbl_. Tank farms and pipe lines!§ thous. of bbl.. Wells completed!! number.. Refined products: Gas and fuel oils: Consumption: 966 Electric power plantsf-.thous. of bbL. Railroads thous. of bbl_. Vessels, bunker thous. of bbL. ~2~643 Price, fuel oil, Oklahoma, 24-26 refineries .800 dol. per bbL. Production: Residual fuel oil*!§ thous. of bbl__ Gas, oil and distillate fuels*!§ thous. of bbl. . Stocks: Residual fuel oil, east of California*!§ thous. of bbl-. Gas, oil and distillate fuels, total*§ thous. of bbl. _ Gasoline: Consumption^ thous. of bbl.. 2,140 Exports*... thous. of bbl Exports, value. (See Foreign trade.) Price, wholesale: .165 Drums, delivered, N. Y..dol. per gal._ .058 Refinery, Oklahoma dol. per g a l Price, retail, service station, 50 cities dol. per gal.. Production: At natural gas plants!§.thous. of bbL. At refineries!§ thous. of bbl_. Retail distribution (41 States)! mills, of gal.. Stocks, end of month: At natural gas plants§—thous. of bbl.. At refineries!§ thous. of bbl_. B h 456 705 970 27 36 44 1,462 | 54 1,758 72 j 2,127 2,239 60 2,244 1,911 1,217 528 458 64 35 23 19 31 3,969 4,134 , 3,860 3,765 ' 4,086 4,171 4,539 4,649 5,042 4,990 4,764 4,862 2, 536 4,822 95 2,578 4,706 132 772 2,608 4,535 144 955 2,803 4,329 161 983 3,039 i 4,575 i 156 1,080 | 2,961 4,789 128 804 3,437 5,449 161 789 3,143 5,231 91 902 3,391 5,708 79 457 3, 453 6,078 96 323 « 3, 365 ° 3,022 87 321 101 308 4.233 4.237 4.324 4.336 4.337 4.320 882 8.24 8.11 8.05 4.234 ! 8.12 4.252 i 8.41 8.12 | 8.58 4.186 4.322 21,970 ! 4.359 4. 347 4.290 26,849 4.294 30,117 4.314 22,339 4.281 26,164 4.336 25, 038 4.451 37, 768 4.508 33, 404 4.528 35,388 4.547 39, 330 4.683 41, 375 4.612 31, 233 36, 249 35, 541 41,127 40, 772 40, 378 40, 904 39,553 39, 911 37,017 33,052 29, 542 28,083 4.228 18 50 69 70 54 54 58 32 43 44 24 3.60 3.60 3.54 3.37 3.33 i 3.33 3.64 3.66 3.61 3.58 3.58 3.58 67 2,670 120 57 2,793 132 61 2,600 135 46 2,566 140 56 ! 2,778 131 56 2,836 123 90 3,052 119 101 3,116 108 121 3,368 106 142 3,309 120 153 3,141 108 109 3,257 105 3,019 397 2,791 416 2,787 424 2,995 441 3,192 458 3,130 454 2,975 427 3,026 408 2,780 389 2,110 360 1,274 334 1,444 360 75, 066 2,651 .940 78, 427 80,412 3,160 .940 82,454 I 70 81, 724 2,937 .940 82, 338 74 84,903 3,000 .940 85,485 74 84,584 3,110 .940 84,816 74 83, 347 2,870 .940 84,109 74 85,132 2,815 .940 88,160 73 83,180 2,128 .940 86,476 73 84,992 3,161 .940 88, 711 73 85, 776 2,256 1.015 88,820 74 81, 523 2,758 1.040 82,120 76 85, 286 2,183 1.040 90, 568 75 62 58,818 35, 377 297,380 59,343 58,928 33, 233 298,240 59, 909 57,894 33, 282 294,314 57,584 58,498 32, 662 289, 703 56,081 58, 243 33,494 284,471 56, 055 58,518 34, 981 278, 643 53,710 59, 388 35,591 274, 568 51,751 60, 075 37, 646 270,906 50,495 61, 227 38,944 268, 781 6 49,089 62,802 40, 640 265,195 48, 789 63, 536 40,275 263,436 47, 686 63, 341 39, 856 266,092 51, 741 238, 037 1,248 238,331 1,467 236,730 1,385 233,622 1,348 228,416 1,428 224,933 1,433 222,817 1,218 220,411 *>219,692 1,304 1,149 216, 406 1,199 215, 750 214,351 759 3,365 2,402 849 3,390 2,621 856 3,241 2,496 935 3,300 2,666 1,016 3, 381 2,762 1,044 3,366 2,560 1,166 3,898 2,740 1,093 3,827 2,590 * 1,124 «979 2,690 3,005 1,102 3,682 2,329 1,132 3,773 2,400 .750 .769 .775 .765 .750 .740 .700 .713 .725 .756 .800 .800 19, 328 21,311 20,267 20, 210 21, 232 21, 495 22,652 23,278 25,005 24, 573 23, 751 23, 667 8,205 8,709 8,129 8,885 9,068 8,598 9,885 10,587 11,125 10, 262 17, 529 7,183 22,677 23,884 25,548 26,909 27,179 27,351 26, 265 25, 509 22,827 20, 281 18,027 16, 232 17, 365 20, 232 22,915 23,860 24, 272 24, 299 23,263 19,930 17, 418 15,322 15,746 37,884 2,729 41, 203 2, 759 42,836 2,453 37,862 2,678 41,401 2,195 35,956 2,760 33, 734 2,946 32, 553 a 27,216 1,435 2,308 35,871 1,404 .163 .056 .166 .056 .173 .056 .173 .056 .173 .056 .173 .056 .166 .056 .154 .060 .165 .061 .165 .060 3,653 39,544 3,196 37,176 3,378 38, 764 36, 076 1,330 .138 .051 .162 .053 .136 .139 .140 .141 .138 .134 .135 .137 . 137 3,056 34,728 3,085 37, 583 3,134 38,180 3,132 40, 667 3,064 40, 488 3,202 39,817 3,574 41,956 3,598 40, 260 3,654 40,667 1,043 1,113 1,145 1,243 1,258 1,174 1,204 1,093 1,007 973 833 2,050 37,867 2, 579 34, 725 2, 745 32, 499 3,027 30, 550 2,975 26, 549 2,760 27,166 2,442 27, 280 1,945 28, 043 1,645 31, 328 1,743 36,158 1,833 44,612 2,172 45, 799 Revised. Figures revised to reflect transfers between pipeline and refinery stocks beginning December 1935. ! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: 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 and 1935. Revisions not shown on p. 43 of the June 1935 issue and p. 46 of the May 1936 issue will appear in a subsequent issue. Bituminous coal production for 1932, p. 42, January 1934. Bituminous coal production revised for 1933 and 1934. Revisions not shown in the May 1935 issue will appear in a subsequent issue. For 1935 revisions see p. 46 of the March 1936 issue. Beehive and byproducts coke for 1932, p. 43 of December 1933 issue, and for 1933 revisions see p. 43, July 1934. Data for 1934 also revised; revisions not shown in the July 1935 issue will appear in a subsequent issue. Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932. See footnote on p. 56, November 1933. Consumption of gas and fuel oils in electric power plants for 1932, p. 43, May 1933; for 1933 revisions, p. 43, May 1934. Data also revised for 1934. Revisions for months not shown for 1934 on p. 44 of the June 1935 issue will appear in a subsequent issue. Data revised for 1935; see p. 46 of the May 1936 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 for 1932, p. 56, November 1933; retail distribution of gasoline in 41 States for 1932, p. 43, May 1933; for 1933, p. 43, May 1934. # See footnote on p. 37 of this issue. Imports also revised for 1933, see p. 20 of the October 1934 issue; for 1934 revisions see p. 20 of the December 1935 issue. § Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue. • Data revised for 1933, see p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue. * New series. For earlier data see p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas oil and distillate fuels. 1 Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price will be shown quarterly. • Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports. 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 SURVEY OF CURRENT BUSINESS June 1936 1936 April 1935 April May June July 1938 DecemAugust SeptemOctober November ber ber January February March FUELS AND BYPRODUCTS—Continued PETROLEUM AND PRODUCTSContinued Refined products—Continued. Kerosene: Consumption!! thous. of bbl. Exports thous. of bbl. Price, 150° water white, refinery, Pa. dol. per gal. Production§ thous. of bbl. Stocks, end of month§ thous. of bbl. Lubricating oil: Consumptionf§ thous. of bbl_ Price, cylinder oil, refinery, Pa. dol. per gal. Production! thous. of bbl. Stocks, refinery, end of month § thous. of bbl_ Other products: Asphalt: Imports# thous. of short tons. Productionf! thous. of short tons. Stocks, refinery, end of month thous. of short tons. Coke. (See Coke.) Wax: Productionthous. of lb. Stocks, refinery, end of mo§ thous. of lb_ 3,751 3,545 496 2,768 614 2,885 456 3,631 519 3,892 750 4,520 370 4,724 585 5,081 497 5,569 473 4, 785 455 4,098 435 .050 4,325 .050 4,474 7,295 .050 4,417 8,310 .050 4,212 9,169 .048 4, 390 9,398 049 4,498 9,238 .049 4,978 9,318 .049 4,878 8,879 .050 4, 624 7,915 .051 4,761 6, 599 .055 4, 445 5, 784 .055 4,741 5,974 1,802 1,919 1,558 1,655 1,667 1,697 1,820 ! 1,576 1,433 1,396 I 1,520 1,863 .110 2,309 .113 2,392 .120 2,247 .120 2,213 .120 2,399 .120 2,357 .120 2,463 2,453 I .120 2,484 .120 2,309 .126 2,204 .135 2,515 7,026 6,897 6,855 6,517 6,649 6,607 i 6,612 6,857 7,025 7,127 7,385 7,137 251 0 308 2 350 411 424 435 512 .056 .139 43,120 144,153 41,160 I 31,360 145,982 141, 506 2 352 32,480 138,941 .120 j 2 380 7 343 351 12 248 3 203 363 354 341 377 405 35,000 36,400 39,200 41, 720 40,320 120, 398 114, 675 136, 646 131,560 124, 557 1 179 1 261 463 526 44, 800 36,120 42, 280 118,636 118,312 119, 684 1 | 198 I LEATHER AND PRODUCTS HIDES AND SKINS 24,736 27,003 25,107 33,178 28,357 25,056 Imports, total hides and skinsf#-thous. of lb__ 28,116 27,786 25,373 27.152 28, 264 26, 255 28, 963 2,291 2,035 1,215 1,140 1,810 2,390 1,354 Calf and kip skins thous. of lb_. 2,942 2,164 1,931 2,225 2,236 1,960 11.153 12,768 13,498 12,815 12, 275 10,203 16, 329 11,907 11,712 12,670 Cattle hides thous. of lb._ 12,613 11,631 13,063 6,492 7,911 6,056 8,211 6,133 6,042 Goatskins thous. of lb_. 6,132 7,277 7,950 5,574 6,299 5,573 8, 506 3,872 4,643 4,470 3,146 3,499 3,348 3,576 5,827 2,685 3,265 Sheep and lamb skins thous. of lb__ 4,809 3,160 4,668 Livestock, inspected slaughter: 525 481 439 472 511 464 458 405 483 508 531 465 CalvesAthous. of animals.. 812 892 669 886 956 742 683 735 875 1,083 906 763 745 CattleA thous. of animals.. 2,874 2,559 2,172 2,422 1,828 1,453 2,135 3,428 2,319 2,177 1,712 1,668 2, 617 Hogs _ thous. of animals.. 1,369 1,584 1,266 1,421 1,549 1,765 1,407 1, 540 1,314 1,546 1,374 1,483 1,665 SheepA thous. of animals.. Prices, wholesale: Packers, heavy native steers, Chicago .148 .130 .143 .113 .123 .124 .130 .132 .154 .157 .150 .146 dol. per lb._ .130 Calfskins, packer's 8 to 15 lbs., Chicago .175 .158 .153 .146 .191 .180 .156 .118 .176 .181 .138 .181 dol. per lb._ Exports: LEATHER 242 226 430 333 213 448 382 443 146 510 210 410 310 Sole leather # thous. of lb._ 5,121 5,522 3,603 6,040 5,284 6,035 8,563 5,044 4,595 Upper leatherf — ...thous. of sq. r e 8,571 5,798 5,107 5,234 production: 1,092 1,321 1,227 1,088 1,156 1,316 1,399 1,051 1,195 1,253 «l,002 939 Calf and kip* thous. of skins.. a 1,924 1,815 1,865 1,659 1,829 1,723 1,722 1,957 1,943 2,062 l, 855 1,897 Cattle hides*t thous. of hides.4,393 4,184 3,970 3,587 4,061 4,091 3,993 4,126 4,168 4,562 °3, 757 3,786 Goat and kid*t thous. of skins.. 3,153 3,144 2,850 2,802 3,039 3,628 3,138 3,474 3,061 4,111 «3,125 2,815 Sheep and lamb*fj thous. of skins-. Prices, wholesale: I Sole, oak, scoured backs (Boston) .32 .39 dol. per lb._ .39 .37 .35 .34 .35 .35 .37 .37 .36 Upper, composite, chrome, calf, black, .382 .380 " B " grade ..dol. persq. ft-. .320 .362 .380 .382 .342 .354 .373 .386 .380 .378 .361 Stocks of cattle hides and leathers (all kinds) end of month: Total*1 thous. of equiv. hides.. 18,209 18,203 18,044 17,844 17, 764 17,851 18,008 18,077 17,735 17,789 a17,786 17, 851 In process and finished* 11,330 11, 273 11,402 11,447 11,381 11, 377 13,188 thous. of equiv. hides.. 11, 516 11,487 11,576 °11,568 11,710 6,762 6,700 6,557 6,463 6,434 6,606 Raw*f_ thous. of equiv. hides.. 6,213 «6,218 6,140 6,578 6,547 LEATHER MANUFACTURES Gloves and mittens: Production (cut), total* dozen pairs.. 187, 746 201, 204 194, 270 194,951 271,909 255, 792 286, 857 253, 795 163, 467 1147,776 183,485 204,314 Dress and semidress* dozen pairs.. 103,353 112, 955 114,037 108,360 147, 926 142, 230 178,372 168,487 94, 725 182,884 109,573 1117,024 Work* dozen pairs.. 84,393 88,249 80,233 86, 591 123,983 113, 562 108,485 85,308 68,742 164,892 i 73,912 i 87,290 Shoes: Exports _ thous. of pairs.. 82 82 79 73 101 106 104 65 43 97 188 Prices, wholesale: Men's black calf blucher, factory dol. per pair.. 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 Men's black calf oxford, factory. dol. per pair.. 4.50 4.15 4.15 4.21 4.25 4.25 4.31 4.44 4.15 4.35 4.50 4.50 4.50 Women's colored blucher, factory.._ dol. per pair.. 3.15 3.00 3.00 3.04 3.10 3.10 3.10 3.13 3.00 3.10 3.15 3.15 3.15 1 Data for 234 manufacturers not available for these months. Figures shown are computed by means of the month-to-month percentage change indicated by the current Census Bureau report for 228 identical concerns. K Raw stocks in all hands as shown above include all hides from Government animals slaughtered under Federal inspection. Hides from cattle allotted to State relief agencies and which were not killed under Federal inspection are not included unless they have already moved into sight. It is obvious, therefore, that a quantity of hides from noninspected slaughter held by State Relief Agencies constitutes an invisible addition to the visible supplies shown above. t 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 D 19 of the June 1935 issue. * Government relief slaughter included for the period June 1934-February 1935. See p. 44 of the June 1935 issue for the figures, excluding relief slaughter. For sneep and lambs, relief slaughter only affected the data for the months of September to December 1934. § Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue. # See footnote on p. 37 of this issue. Imports revised for 1933, see p. 20 of the October 1934 issue, for 1934 revisions see p. 20 of the December 1935 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. New series on wholesale price of women's shoes began January 1934. Data not shown above will appear in a subsequent issue. t Revised series. For earlier data refer to the indicated pages of the monthly issues. Production of cattle, sheep, and lamb leather for 1932 and 1933, p. 44, April 1934. Production of cattle hides revised for 1935, p. 47 of the April 1936 issue. Imports of total hides and skins for 1932, exports of upper leather for 1932, p. 43, June 1933. Production of asphalt for 1932 and consumption of kerosene and lubricating oil, for 1932, see p. 56 of the November 1933 issue. • Data revised for 1933. See p. 20 of the September 1394 issue; for 1934 revisions see p. 19 of the December 1935 issue. 48 Monthly statistics through December 1931, together with explanatory footnotes a n d references to the sources of the data, may be found in the 1932 Annual Supplement to t h e Survey SURVEY OF CURRENT BUSINESS 1936 April June 1936 1935 April May June July 1936 Decem- January Febru- March August SeptemOctober November ber ber ary LEATHER AND PRODUCTS—Continued LEATHER MANUFACTURES—Cont. Shoes—Continued. Production, totalf-.-thous. of pairs.. Men'sf thous. of pairs.. Boys' and youths'f thous. of pairs.Woinen'sf thous. of pairs.. Misses' and children'sf-.thous. of pairs.. Slippers, all typest thous. of pairsAll other footweart thous. of pairs.. 32,167 7,875 1,200 12, 856 3,105 2,905 4,225 34,564 8,063 1,379 13,993 3,688 2,776 4,666 31,258 8,163 1,519 11,205 3,197 2,985 4,189 27,234 7,819 1, 569 8,857 2,794 2,717 3,477 32,274 7,926 1,726 13,281 2,956 3,291 3,093 37,243 9,132 1,702 15,925 3,361 4,088 3,035 33,909 8,391 1,502 13,275 2,998 4,857 2,887 35,948 9,918 1,721 11,813 3,186 6,124 3,185 27,715 8,161 1,330 7,034 2,673 5,570 2,947 28,949 8,440 1,354 9,794 2,869 3, 277 3,214 32, 420 9,043 1,267 13, 436 3, 292 1,633 3,749 32,142 8,313 1,130 13,843 3,007 2,140 3,709 LUMBER AND MANUFACTURES LUMBER-ALL TYPES Exports (boards, planks, and scantlings)* • M ft. b. inNational 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_ Flooring Maple, beech, and birch: Orders: New Mft. b. m. Unfilled, end of month M ft. b. m. Production M ft. b. m. ShipmentsM ft. b. m_ Stocks, end of month M ft. b. m.. Oak: Orders: New M ft. b. m. Unfilled, end of month M ft. b. m. Production M ft. b. m. Shipments M ft. b. m_ Stocks, end of month M ft. b. m. Softwoods Fir, Douglas: Exports:f # Lumber M ft. b. m._ Timber... M ft. b. m._ Orders: Newcf M ft. b. m._ 1 Unfilled, end of month J . M ft. b. m__ Price, wholesale: No. 1 common dol. per M ft. b. m__ Flooring, 1x4, "B" and better v. g.* dol. per M ft. b. m_. Productionc? M ft. b. m._ Shipments^ M ft. b. m_. Pine, northern: Orders, new M ft. b. m.. Production M ft. b. m_. Shipments.. M ft. b. m__ Pine, southern: Exports: Lumber§ M ft. b. m_. Timber§. M ft. b. m_. Orders: New.. -.M ft. b. m.. Unfilled, end of month M ft. b. m._ Price' flooring dol. per M ft. b. m._ Production M ft. b. m._ Shipments M ft. b. m__ Redwood, California:^ Orders: New M ft. b. m_. Unfilled M ft. b. m_. Production M ft. b. m._ Shipments M ft. b. m._ 6,053 89, 276 67, 627 61, 883 59, 893 73, 012 81,752 77,810 83, 258 89, 265 83, 150 66,073 1,613 ~1~665" 1,382 280 1,102 1,521 290 1,231 1,374 290 1,084 1,681 285 1,396 1,359 285 1,074 1,415 290 1,125 1,636 278 1,358 1,614 288 1,326 1,806 289 1,517 1,761 280 1,481 1,750 293 1,457 1,643 259 1,384 1,971 302 1, 669 1,782 270 1,512 1,620 273 1,347 1,489 202 1, 227 1,422 207 1,215 1,331 220 1,111 1,490 229 1,261 1,569 238 1, 331 1.353 215 1,138 1,467 238 1,229 5,097 7, 276 2,080 5,196 6,946 2,062 4,884 6,863 2,030 4,833 6,875 2, 010 4,865 6,891 1,990 4,901 6,967 1,993 4,974 7,121 1,943 5,178 7,235 1,935 5,300 °7, 273 ° 1,915 «5,358 7,203 1,905 5,298 7,103 1, 882 5, 221 7,210 81,851 5, 776 67,415 8,180 69, 405 10,629 67,104 10, 636 67,160 11,567 69,817 9,787 69,793 14.125 64,942 63,137 4,594 61, 365 3,677 70, 834 4,191 32,143 2,517 26, 619 2,883 26,788 2,701 26,991 3,741 27, 569 3,257 27, 773 2,882 27,902 3,354 28,164 3,061 27, 708 2,415 28, 637 2,884 29,794 2,374 77, 713 2,168 32, 069 4,391 15, 012 5,439 5,457 20, 033 3,634 5,195 3,942 4,148 22, 301 4,307 5,112 3,342 4,410 21, 313 4,311 5,388 4,347 4,692 21,043 5,706 6,045 4,200 5,114 20,295 4,278 5,498 4,315 5,037 18, 214 3,917 4,989 4,276 4,035 19, 638 4,634 4,763 5,584 4,891 20,497 4,514 4, 683 5,109 4,609 21,023 5,768 6,444 4,279 3,997 21,878 4,263 3,879 21,209 5,989 11, 303 4,123 3, 936 21,077 19,221 33,521 30,761 29.483 59,961 13,947 10, 638 11,698 14,438 53,959 21,991 14,422 15,078 18, 306 50,392 18,622 15,304 18,108 17, 732 50,639 15,466 12, 423 20, 606 18, 374 52,644 16,456 11.004 17,642 17,864 52,408 19,459 13,065 19,467 17,402 54,475 24,383 14,347 21, 642 23, 475 52,843 25,125 19,925 20,823 19, 547 54,119 25,064 25,492 24, 203 19,497 58,825 30, 204 35, 301 22, 783 20,395 61,365 40,675 52,892 21, 831 23,081 60,115 40,462 23, 371 38, 663 15, 623 14, 607 14, 346 2,517 577 4,862 8,615 15, 568 20,834 26, 952 36,486 22, 677 14,548 20, 227 17,577 26,139 21,931 24,199 23, 456 19, 542 19, 455 0) 16.00 16.00 16.00 16.00 0) 0) 0) 0) (!) 43.00 43.00 43.33 45.00 46.00 ! 46.00 11,462 12,392 10,119 9,239 1,803 9,322 8,220 265 6,535 9,942 779 8,219 7,350 392 8,215 24,350 3,516 24,999 5,713 27,083 10,492 21,983 7,072 18, 506 10, 261 4,500 9,912 3, 697 10, 956 5,818 5,511 5,638 6,912 8,738 7,174 13,355 10,169 13,489 10,898 22,178 12,103 10,260 22, 774 11,211 16, 398 11,283 21,169 26, 739 23,233 25,653 28,913 22, 893 19,715 8,243 8,022 6,302 6,367 8,330 8,324 7, 506 162, 250 117, 256 166, 280 116,592 127,556 139,608 120,979 62, 968 70, 774 53, 683 62,093 73, 227 61,029 87,175 34.94 37.43 37.65 36.74 35.38 36.80 37.63 155,187 106,911 106,838 109,805 130, 515 137, 442 125,132 170,446 112,480 143, 349 129,264 137,051 144,476 120,818 35, 521 33,414 25, 342 29,269 38,045 41,035 26, 326 30, 353 23, 704 40,142 25, 675 24,548 24, 623 33, 721 27,939 30, 925 24,054 25, 622 34, 262 31, 259 25, 411 24,819 33,754 25,628 23, 498 12, 985 | 0) 128,825 124,184 150, 424 125, 758 68,010 90, 889 77, 275 72, 930 36.67 35.75 36. 61 37.01 148, 566 134,190 125, 928 141, 315 124, 541 145,970 128, 570 105, 743 121, 632 125, 416 143,695 69,962 36.61 29, 593 26, 290 38,073 27,952 27,456 27, 446 33,187 25, 761 28, 514 31,097 30, 369 23, 716 29, 579 35, S18 31,318 27, 068 34, 054 44, 489 32,185 24, 711 ° Revised. i D a t a temporarily discontinued. * N e w series. For data on lumber exports for period of J a n u a r y 1919 to September 1932, see p . 20 of t h e November 1932 issue. See special footnote below on lumber production, shipments, a n d stocks. t Data revised for 1932, see p . 44 of t h e J u n e 1933 issue, exports of Douglas fir lumber and timber. Boot a n d shoe production for 1934, p . 45, March 1935 issue, for 1935 revision see p . 48 of t h e M a r c h 1936 issue. • D a t a revised for 1933. See p . 20 of the September 1934 issue; for 1934 revisions see p . 19 of t h e December 1935 issue. A N e w series on l u m b e r production, shipments, a n d stocks compiled by National Lumber Manufacturers' Association and represent an estimate of t h e total lumber cut based on m o n t h l y reports received from regional associations covering between 80 and 90 percent of the total cut in 1934 and 70 to 80 percent in 1935. N o comparable figures are available prior to J a n u a r y 1934. ^ Series have been revised for period J a n u a r y 1934-October 1935. These are shown on p. 20 of the February 1936 issue. t Beginning with J a n u a r y 1934 the report includes all known operators; prior to t h a t time approximately 89 percent of t h e listed capacity. § Data revised for 1932. For revisions of exports of Southern pine lumber and timber, see p . 45 of the J u n e 1933 issue. D a t a revised for 1933, see p . 20 of t h e September 1934'issue For 1934 revisions see p . 19 of the December 1935 issue. cf New series covering these items will be shown in a subsequent issue* 49 SURVEY OF CURRENT BUSINESS June 1936 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 1936 April 1936 1935 April May July June August Novem- DecemSeptemOctober ber ber ber January Febru- March ary LUMBER AND MANUFACTURES—Continued 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 operationsf percent of normal.. Shipments no. of days' production.. Prices, wholesale: Beds 1926=100.. Dining-room chairs, set of 6—1926=100— Kitchen cabinets __1926=100._ Living-room davenports 1926=100.. Steel furniture. (See Iron and Steel Section.) 59.0 41.0 41.0 48.0 49.0 53.0 61.0 62.0 61.0 59.0 60.0 58.0 6.0 9 8.0 7 7.0 10 7.5 6 3.5 18 5.0 13 4.0 15 6.0 14 8.0 15 13.5 8 3.0 19 9.0 12 10.0 13 11 8 10 9 18 18 19 16 16 12 18 16 13 22 54.0 11 17 36.0 8 14 34.0 7 14 40.0 8 16 44.0 13 19 48.0 11 21 55.0 12 24 56.0 14 24 58.0 13 21 57.0 11 22 57.0 12 22 57.0 12 24 57.0 13 67.5 84.0 83. 5 87.5 68.5 89.9 86.0 76.6 68.5 89.9 86.0 76.6 68.5 89.9 86.0 76.6 66.9 89.9 86.0 76.6 65.7 89.9 86.0 76.6 66.3 89.9 86.0 76.6 66.3 89.9 86.0 76. 6 I 66.3 89.9 86.0 78.0 66.3 89.9 86.0 78.0 67.5 84.0 83.5 87.5 67.5 84.0 83.5 87.5 67.5 84.0 83.5 87.5 241, 568 50,489 213, 802 43, 358 204,337 56, 720 METALS AND MANUFACTURES I R O N AND S T E E L Foreign trade, iron and steel: Exports! long t o n s . . 301,987 Imports*# . long t o n s . . 49,277 Price, iron and steel, composite* dol. per long t o n . . 33.10 Ore Iron ore: Consumption by furnaces thous. of long t o n s . . Imports# thous. of long tons— 177 Receipts: Lake Erie ports and furnaces thous. of long t o n s . . Other ports thous. of long t o n s . . Shipments from upper Lake ports thous. of long t o n s . . Stocks, total, end of month thous. of long tons.. At furnaces thous. of long tons.. Lake Erie docks thous. of long t o n s . . Manganese ore, imports (manganese content)# thous. of long tons— 19 205, 336 28, 786 286, 599 47, 719 289, 647 33, 208 296, 802 31,894 247, 312 31,312 244,419 53,158 238,358 59, 569 205, 242 56, 637 239, 269 53,678 32.29 32.35 32.42 32.44 32.68 32.82 32.84 33.15 33.31 33.34 I 33.48 | 2, 360 113 I 2, 467 108 2,199 158 2,198 154 2, 616 109 2, 654 165 2f 911 114 3,026 158 3,101 138 2, 952 154 2, 632 125 119 180 2,208 1,020 3.002 1,084 3,295 1,240 3, 482 1,281 3, 250 1,349 3,162 1,453 1,472 557 18 0 33.21 2,898 132 400 3,504 4,242 4,461 4,781 4,818 4, 601 1, 557 0 0 24,817 20,644 4,173 25, 325 21. 203 4,122 27, 002 22, 841 4,161 29, 509 25, 227 4,282 31,491 26, 936 4,555 33,469 28,512 4,957 35,115 29,756 5, 359 34, 277 28, 964 5,313 31,342 26, 248 5,093 28,404 23, 434 4,970 25, 809 20, 904 4,904 10 12 11 16 14 16 19 15 13 54 30 47,933 50,954 626 51,840 37,394 42,035 51.1 46,090 31.136 34, 729 41.1 37, 573 25, 668 27, 548 33.5 31,905 25, 526 28,915 34.3 31,111 35,602 35, 245 42.5 27r 772 35,658 36,996 44.7 33,442 45, 246 43, 467 51.0 40,132 47,778 44, 277 53.1 41,434 42,573 45,598 55.0 43,942 43,852 48,198 »57.1 43,386 °38, 278 M0, 611 o t19.9 °39, 384 90,105 144 53, 555 97 54,465 97 49,180 91 50,635 95 56,815 99 59,250 104 67, 655 116 70,095 122 66,825 120 63,660 117 64, 550 120 6S, 395 126 19.00 19.96 18.00 18.94 18.00 18.94 18.00 18.96 18.00 18.96 18.00 18.96 18.00 18.96 18.00 18.99 19.00 19.96 19.00 19.96 19.00 19.96 19.00 19.96 19.00 19.96 21.39 2,404 20.39 1,663 20.39 1,727 20.39 1,553 20.39 1,520 20.39 1,761 20.39 1,776 20.39 1,978 21.39 2,066 21.39 2,106 21.39 2,026 2 L. 39 1, 824 21.39 2,040 0i 22, 933 18,199 4, 734 Iron, C r u d e a n d S e m i m a n u f a c t u r e d Castings, malleable:* Orders, new short tons.. Production „_ —.short tonsPercent of capacity Shipments short tons— Pig iron: Furnaces in blast, end of month: Capacity -long tons p e r d a y . . Number . Prices, wholesale: Basic (valley furnace)..dol. per long t o n . . Composite pig iron .dol. per long ton.. Foundry, no. 2, northern (Pitts.) dol. per long t o n . . Production -thous. of long t o n s - 1 48, 008 ' 45, 536 « 55.9 * 46, 823 Iron, Manufactured Products Cast-iron boilers a n d radiators: Boilers, range:f Orders: New... n u m b e r of boilers.. Unfilled, e n d of m o n t h , totalf 57,631 n u m b e r of boilers-. 20,177 Production n u m b e r of b o i l e r s - 65,773 Shipments n u m b e r of boilers.. 63,548 Stocks, e n d of m o n t h ..number of boilers. . 45,557 Boilers, r o u n d : Production t h o u s . of lb— 3,456 Shipments thous. of lb— 1,683 Stocks, e n d of m o n t h thous. of lb— 35,429 Boilers, square: Production.,.. t h o u s . of l b _ . 18,176 Shipments . t h o u s . of lb— 11,129 Stocks, e n d of m o n t h _ t h o u s . of lb— 127,274 106,605 69,459 51, 548 64,845 83,929 64,341 55,136 70,890 62,143 62,649 12, 052 51, 052 55, 764 28,065 32, 319 61,815 60, 422 29,458 55,291 88, 486 85,413 32,201 35,842 92,883 88,908 36,176 23, 512 69,922 63,878 42,220 22,306 61,808 66,051 37,753 25, 644 84,328 80, 591 41,490 25, 647 63, 500 64,338 40,652 31,999 57, 723 48,726 49,625 25, 545 65, 409 77, 344 37,690 25 65 62 41 382 658 306 042 26, 094 64,227 61, 937 43,332 4,311 2,115 38,090 4,604 2,493 40,149 4,487 2,710 41,917 2,898 3,647 41,138 4,312 4,368 41,139 4,121 6,879 38,361 6,467 9,485 35, 389 3,784 4,957 34, 377 3,287 4,018 33,644 2,977 3,120 34,106 3 343 437 35 053 3,954 1,664 37, 738 16, 409 7,730 126,053 19,062 9,241 136,149 16,436 10, 700 141, 520 12, 711 16,332 137,923 21, 462 21, 689 137,815 20, 906 31, 761 126,889 27,425 41,380 115,096 17,487 20, 325 112,592 18,941 16, 330 114,019 17,599 13,786 14.696 18 454 11 955 121 258 17,957 8,984 129,933 55,093 • Revised. * New series. Data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for malleable castings, p. 20 of the April 1933 issue. New series on iron and steel composite price was shown on p. 19 of the January 1935 issue. § For 1932, 1933, and 1934 revisions, see p. 45 of the June 1933 issue, p. 20 of the September 1934 issue, and p. 19 of the December 1935 issue, respectively, f Revised. Data prior to April 1933 not published on plant operations. For range boilers, see p. 20 of the July 1934 issue. • Imports from Cuba not included. # See footnote on p. 37 of this issue. For 1933 and 1934 revisions, see p. 20 of the October 1934 issue and p . 20 of the December 1935 issue, respectively. \ Distribution of unfilled orders of deliveries of 30 days or less and deliveries of more than 30 days has been discontinued by the reporting source. 50 SURVEY OF CURRENT BUSINESS 1935 1936 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 April June 1936 April May June July 1936 DecemAugust SeptemOctober November ber ber January Febru- March ary METALS AND MANUFACTURES—Continued IEON AND STEEL-Continued Iron, Manufactured Products—Con. Cast-iron boilers and radiators—Continued Boiler fittings, cast iron: 6,032 Production short tons_. Shipments short tons.. 5,940 Boiler fittings, malleable: 4,296 Production short tons.. Shipments... short tons.. 4,201 Radiators: Production 6,345 thous. of sq. ft. heating surface.. Shipments 3,549 thous. of sq. ft. heating surface.. Stocks, end of month thous. of sq. ft. heating surface.. 36,997 Radiators, convection type:* New orders: Heating elements only, without cabinets or grilles I thous. of sq. ft. heating surface!--I Heating elements, including cabinets I and grilles j 202 thous. of sq. ft. heating surfacet-J Sanitary Ware 3,790 3,955 3,870 4,271 3,610 4,321 4,201 4,696 5,542 6,210 5,860 6,330 7,451 8,454 6,835 6,620 5,589 4,248 5,730 5.194 5,107 5,217 2,729 3,274 3,228 3,014 3,107 2,873 3,073 3,036 3, 620 3,481 3,627 3,392 4,162 4,670 3,794 4,532 4,357 ! 2,503 3,970 3,393 3,982 3,475 4,602 5,304 4,742 3,422 6,096 5,937 7,430 5,037 4,706 4,733 4.951 5, 046 2,366 2,835 3,462 4,675 ! 6,470 7,701 10, 055 6,616 5,413 4,183 3,086 2,720 32,891 35, 388 36, 753 35,610 | 35,384 33,853 31, 493 30, 000 0, 243 32, 224 34, 779 114 113 60 231 170 130 46 49 ! j 56 82 106 ! 153 ! 148 167 243 208,732 245,519 174,640 228,210 370,588 ! 370,180 269,863 243, 262 402, 707 199. 63 i | 199.43 | 197.53 338, 449 321,312 386, 716 202.01 207. 62 900,388 255, 477 212, 598 900,828 265,137 213, 646 760, 743 279,016 274,078 208, 213 164, 808 865, 904 773, 531 283, 524 264, 896 189,044 174, 671 753,635 300,160 146,128 770,024 307,018 153, 937 890, 631 312,172 193, 944 801, 207 292, 709 169, 204 187 62 i | 121 I 5,721 5,325 3,817 3,663 63 117 i Bathroom accessories:! j Production number of pieces..! Shipments number of pieees.J 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: t Orders: New, net number of pieces.. Unfilled, end of month number of pieces.. Shipments.number of pieces.. Stocks, end of month number of pieces.- 447,533 386,783 587,891 120,821 119,171 367, 593 207.70 I 207.80 822,997 213, 599 245,107 830, 241 243,535 222,447 937, 394 257, 005 258,369 949, 349 218,000 298,499 300.108 | 370,732 254,473 | 335.338 526,039 j 553,141 208.13 208.18 209. 22 212. 24 212. 29 816, 050 236, 380 195, 795 817,866 249,153 195, 707 751,629 191,827 236,173 676,656 196, 287 169,096 773,108 283,139 197, 974 666,820 172,813 194, 726 786,380 223, 994 196, 817 727,162 169,453 187, 073 877,598 206,115 154, 291 908,433 220, 427 176,295 2,441 2,904 2,322 2,101 2,391 3,193 2,864 3,095 2,158 1,594 2,529 2,288 1,692 3,053 1, 896 9,515 4,553 1,722 10, 710 4,506 2,309 10, 688 4,122 2,417 10, 600 3,702 2,771 9,405 3,645 2,915 8,579 3,339 3,026 6,635 3, 583 2,713 6,685 2,763 2,746 6,874 1,912 1,935 7,268 2,722 1,597 7,836 3,227 1,730 8,595 2,753 2,068 8,962 143,323 164,042 127,764 161,199 319,589 250, 648 179,928 168,820 168,840 738,580 308,912 229, 347 297,971 217, 842 191,060 293,904 218,834 187,981 216,745 333,240 381, 675 403, 381 236, 890 295, 880 363,914 175,140 117,289 112, 621 128,020 281, 827 256,377 194,337 241,678 190, 229 137, 535 124,197 219, 606 229, 699 227, 664 359, 308 424, 242 516, 677 629, 750 645,898 642, 893 674, 282 I 33,512 31,972 29, 640 25, 600 25,295 29,863 ! 34,439 47,301 33, 670 32, 285 35, 097 27, 917 83,188 69.8 45,942 63,087 52.9 24,712 28,233 23.7 4,322 31,952 26.8 6,731 29,083 24.4 4,779 30,646 25.7 4,867 30, 257 25.4 6,480 27, 665 23.2 5,443 34, 570 29.0 9,574 31,125 26.1 5,857 45,426 38.1 17,111 34,972 29.3 8, 598 29,995 25.2 5,616 35,411 29.7 10, 568 34,553 29.0 8,201 42, 597 35.7 12,347 32, 714 27.4 7,071 36,165 30.3 10, 024 40,529 34.0 13,919 37, 793 31.7 10,076 59,019 49.5 22, 542 44. 298 37.1 13, 373 3,942 2,641 46 « 2, 634 «2,259 41 44 « 2,268 •2,916 49 • 2,825 51 • 3,143 53 • 3,150 55 • 3,073 !• 3,046 51 56 : 51,701 ! 71,341 43.4 ! 59.8 16, 650 32, 542 47, 954 51, 674 43.3 40.2 15, 830 17, 385 « 2, 964 « 3, 343 54 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 specialities short tons.. Ingots, steel :§ Production thous. of long tons.. Percent of capacity Prices, wholesale: Composite, finished steel dol. per lb__ Steel billets, Bessemer, Pittsburgh dol. per long ton.. Structural-steel beams, Pittsburgh dol. p e r l b . . Steel scrap, Chicago dol. per gross ton.. U. S. Steel Corporation: Earnings, net— thous. of dol.. Shipments, finished products*..long tons.. 341, 770 362,580 464,176 292, 770 266,574 312,007 326, 585 408, 402 283, 996 216,910 400,018 407, 886 387, 233 393,481 488,747 69 . 0236 132, 378 132,867 139, 596 373,413 204, 249 165, 624 31,378 i .0244 I .0244 .0244 .0244 .0243 .0243 .0243 .0243 .0243 .0243 .0243 .0237 27.00 27.00 27.00 27.00 27.00 27.00 28.00 29.00 29.00 29.00 28.20 .0180 12.50 .0180 13.00 . 0180 13.35 .0180 13.38 . 0180 14.19 .0180 14.75 28.00 .0180 14.34 27.00 .0180 9.85 .0180 10.06 .0180 9.97 .0180 .0180 10.35 ' 12.38 .0180 12.50 979, 907 591, 728 i8,915 14,118 578,108 547,"794" "624,197 13,470 614,933 Barrels, steel: Orders, unfilled, end of m o n t h . . . n u m b e r . . 299,745 Production. _ n u m b e r . . 650,028 Percent of capacity 48.5 Shipments n u m b e r . . 658,657 26,991 Stocks, end of m o n t h number.. 944,168 538,255 39.6 534,479 29,926 971, 344 471,592 34.7 474,139 27, 379 976, 634 460, 737 34.0 457, 370 30, 746 932,843 509,121 37.4 505, 942 34,925 686, 741 681,820 20, 418 17, 665 I 552 661,515 721,414 | 676,315 783, Steel, Manufactured Products 930,831 853,986 725,748 529, 414 532, 433 790, 057 38. 8 38. 9 58. 9 528,338 ! 530,433 | 791,469 36,001 • 38,001 i 36,589 620,571 I 535, 514 j 40.2 | 537,947 ! 34,156 i 341,693 478, 592 36.0 480,918 31,830 400.608 479, 873 35.9 478, 588 29,171 349,752 476,465 35.6 471, 481 34,155 341, 248 578, 705 43.3 577, 240 35, 260 o Revised. * D a t a on convection type radiators, prior to January 1932 not available. For earlier data on wholesale price of plumbing and heating equipment, see p. 20 of the J a n u a r y 1933 issue; for steel castings, p . 20 of the October 1934 issue; and for United States Steel Corporation shipments, see p . 18 of the J a n u a r y 1934 issue. t In equivalent direct radiation. t Revised series. For earlier data on bathroom accessories see p . 20 of the October 1933 issue. D a t a on vitreous china plumbing fixtures revised beginning January 1933, see p . 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue. A Steel casting series revised January 1935 by the increase of the number of companies from 164 to 180; comparable data not completed for 1934 and earlier years. Figures for 164 companies in January 1935 were new orders, total 31,816, percent of capacity 20.3; new orders, railway specialties, 6,835; production, total 28,519; percent of capacity 18.2; production, railway specialties 6,052 § For 1932 revisions see r>. 46 of the July 1933 issue; for 1933, p . 47 of the August 1934 issue; for 1934, p . 50 of the August 1935 issue. Revised figures for the first quarter of 1935 are: J a n u a r y 2,870,000, F e b r u a r y 2, 774,000, and March 2,865,000 long tons. 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 51 SURVEY OF CURRENT BUSINESS June 1936 1936 April 1936 1935 April May June Decem- January FebruOctober NovemAugust Septemary ber ber ber July March METALS AND MANUFACTURES—Continued IRON AND STEEL—Continued Steel, Manufactured Products—Con. Boilers, steel, new orders: Area.. thous. of sq. ft— 784 Quantity _ .number of boilers.-! 687 Furniture, steel: I Business group: Orders: New thous. of dol— 1,583 Unfilled, end of month..thous. of dol— 913 Shipments._ _ thous. of dol— 1,634 Shelving:A Orders: New thous. of dol— 378 Unfilled, end of month-.thous. of dol._ 229 Shipments thous. of dol.J 384 Safes: Orders: New thous. of dol— 251 Unfilled, end of month..thous. of dol— 197 Shipments thous. of dol._ 244 Lock washers, shipments thous. of dol— 313 Plate, fabricated steel, new orders, total short tons Oil storage tanks. short tons..; Sheets, black, blue, galvanized, and full finished: Orders: New short tons.. 190, 269 Unfilled, end of month short tons.. 221,950 Production, total short tons.. 217, 975 71.6 Percent of capacity. Shipments short tons— 252,441 Stocks, end of month, total short tons.. 124, 239 Unsold stocks short tons.. 65,783 Tin and terneplate:* Production thous. of long tons.. Track work, production short tons.. MACHINERY AND APPARATUS Air-conditioning equipments Orders, new, total thous. of dol— Air-washer group thous. of dol.. Fan group thous. of dol— Unit-heater group thous, of dol— Electric overhead cranes: Orders: New thous. of dol— Unfilled, end of month thous. of dol.. Shipments ..thous. of doL. Electrical equipment. (See Nonferrous metals.) Exports, machinery. (See Foreign Trade.) Foundry equipment: Orders: New .1922-24=100.. Unfilled, end of month 1922-24 = 100..!. Shipments. 1922-24=100. _i Fuel equipment: j Oil bnrners:*J \ Orders: New no. of burners.. 10,373 Unfilled, end ofmonth.no. of burners.. 2,365 Shipments.— no. of burners.. 10,042 Stocks, end of month no. of burners.. 16,901 Pulverized-fuel equipment: j Orders, new, storage system: I Furnaces and kilns._no. of pulverizers. _ i 0 Water-tube boilers-.no. of pulverizers. J 0 Orders, new, unit system: j Fire-tube boilers no. of pulverizers..' 1 Furnaces and kilns.no. of pulverizers.. 2 Water-tube boilers.no. of pulverizers., 38 Stokers, mechanical, new orders:! j Class presidential number..! 2,745 Class 2, apartment and small commer- I cial number—I 130 Class 3, general commercial and small I commercial heaters number..! 44 Class 4, large commercial: I Number I 152 Horsepower 43,080 Machine tools:* Orders: New* avg. mo. shipments 1926=100.. 125.' Pumps: Domestic, water, shipments:^ Pitcher, hand, and windmill units— 40,004 Power, horizontal type units. Measuring and dispensing, shipments: Gasoline: Hand-operated-.. _ units..: 851 Power units— 8,703 Oil, grease, and other: Hand-operated.. units.. 9,720 Power _ units.. 844 313 443 641 961 391 523 519 536 1,114 701 1,123 1,237 746 1,214 1,236 845 1,137 1,331 943 1,225 271 155 291 257 130 269 313 152 291 272 167 257 168 238 158 47 i 207 257 185 238 170 277 150 204 145 287 334 203 17,914 1,872 18,890 4,193 : | ! | 13,244 ! 17,630 2,152 i 3,690 623 634 810 705 590 594 1, 619 940 1, 586 1 427 882 1 484 1,667 964 1,586 389 243 342 325 198 371 419 235 382 189 173 185 219 « 190 « 210 232 27 830 5 940 29, 787 3, 020 13S 244 231 060 191 359 B2.9 175 702 108, 572 86,971 251,818 280,493 207, 820 08.3 209, 673 141,916 70, 648 575 829 784 787 464 587 685 595 1,393 980 1,361 1,618 1,036 1,562 1,507 945 1,591 1,520 908 1, 558 309 216 260 336 210 342 348 212 346 323 206 329 370 196 379 145 268 164 147 172 281 159 235 200 277 205 246 188 285 180 261 182 255 205 206 23, 628 3,505 31,105 3, 531 30,530 5,850 19,116 2,617 35, 584 9,341 38, 709 3, 354 174 805 267 673 223 000 '3.3 207 437 152 283 84 037 544 735 1,333 948 1,327 o a a a a a 203 169 176 255 168,093 177,950 209, 219 68.2 202,365 116, 316 68,153 149,725 144,392 191, 507 63.8 186,971 124, 442 71, 345 128,957 112,944 143, 309 47.7 160,812 126,531 74,099 206,313 170, 299 145,505 48.1 152,146 125,37! 72, 632 207,140 204,108 206,613 68.3 180,893 138, 432 75,391 196.423 198.424 190, 701 63.0 176,897 142,922 75,581 226, 209 211,452 222,963 73.5 220, 536 146,306 83, 200 289,101 286, 799 224, 541 74.1 213,453 149,122 81, 597 203,318 299, 394 208,774 68.9 195, 077 149, 213 74,516 200 4,472 190 4,228 140 4, 210 4,054 4,028 2,962 3,495 3,090 3,025 3,366 j 1,361 229 674 457 1, 405 252 704 449 1,522 215 813 495 1,502 173 895 435 1,418 154 693 571 1,359 60 586 713 1,713 96 596 1,021 1, 833 170 854 809 1,958 135 673 1,151 0) 0) 571 711 ) 690 715 () (0 954 562 264 813 140 626 1,318 221 682 1,782 217 154 1,604 332 440 1,801 233 245 1,475 471 194 1,166 503 392 1,082 476 1,194 274 626 1,700 217 349 1, 076 373 363 1,723 317 113.2 86.1 69.7 100.7 117.7 67.0 100.2 135.6 82.2 94.0 126.5 102.3 113.0 142.3 97.2 128.5 144.5 124.7 140.0 164.7 119.7 100.4 119.2 145.2 118.1 90.8 147.6 127.0 107.5 110.4 110.4 130.4 114.5 115.0 94.4 124. 0 8,576 672 8,615 14, 575 10,174 1,108 9,738 13,966 9, 677 1,325 10, 044 10, 434 2,089 9,670 17,005 15,320 1, 860 15,549 18,422 29,090 3,807 27,143 11, 631 24, 088 2,108 25,657 12,047 9,553 1,612 10,049 14, 101 7,765 1,648 7,729 15, 565 7,275 1,487 7,436 13, 437 7,139 1, 531 7,095 14, 057 9, 235 2,034 8, 732 15, 090 0 I 0j 0 8 2 0 i 7 11 14,114 4,116 6,258 1 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 1 2 4 0 8 10 0 2 17 1 9 24 2 3 13 0 16 33 1 13 20 17 1 0 16 8,777 4,287 1,046 1,706 3,078 2,065 2,342 2, 376 83 107 158 190 348 615 683 359 281 187 167 130 33 41 55 96 164 272 268 145 108 84 71 40 2,432 2,872 j 4,931 196 34,166 161 27, 297 12(3 25, 120 132 24,775 98.3 110.8 112.1 105.3 22, 358 681 19,493 613 39, 221 772 35, 621 659 41,192 «964 564 5,491 583 4,785 592 4,901 426 4,517 569 3,992 599 5,226 7,963 1,178 8,166 5,993 823 5,678 4,401 881 9, 492 1,259 120 32,241 133 32,548 178 34,821 199 43, 594 269 47,355 345 55, 260 310 51, 031 65.6 73.3 91.1 119.8 125.8 80.0 102.9 35,432 726 36, 964 879 29,859 33,734 1,004 33,863 939 30, 014 782 21, 775 915 644 4,874 6,753 901 728 5,120 672 4,451 639 5,757 776 7,551 662 5,121 8,257 719 7,433 651 7,048 668 8,005 1,030 7,631 956 213 34,849 ° Revised. i Comparable data not available. See the regular monthly report of the Census Bureau for detailed data on this industry. * New series. For earlier data see p. 20 of the December 1932 issue for tin and terneplate and p. 20 of the July 1934 issue for machine tools (including forging equipment). Current oil-burner series, available only back to January 1933, are based on reports from 160 concerns. t Revised series. Data on air-conditioning equipment revised starting January 1933; see footnote on p. 4S, April 1935. The revisions for 1933 will beshown in a subsequent issue. t Oil burners revised for 1934 and 1935, to exclude data erroneously reported. See p. 51 of the April 1936 issue. Data for 1933 and 1934 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. Digitized for 1FRASER Revised series on mechanical stokers, see p. 48 of the April 1935 issue; domestic pumps starting January 1934, see p. 49 of the April 1935 issue. • Series covering shipments and unfilled orders temporarily discontinued 52 SURVEY OF CURRENT BUSINESS 1936 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 April June 1936 1936 1935 April May June July August ber October Novem- December ber January FebruMarch ary METALS AND MANUFACTURES—Continued MACHINERY AND APPARATUS-Con. Pumps—Continued. Steam, power, and centrifugal: Orders, new thous. of doL. Water-softening apparatus, shipments^ units.. Water systems, shipmentsJ 1 units.. Woodworking machinery: Orders: Canceled thous. of dol__ New thous. of dol__ Unfilled, end of month thous, of dol._ Shipments: Quantity machines... Value thous. of doL. 1,066 538 552 10, 799 592 11, 685 535 10, 989 5 284 | 463 | I 185 ! 268 I 719 832 1, 044 1, 06S 493 10,827 577 11,060 583 1,560 812 8,946 715 8,125 666 7,195 754 9,856 737 6,371 980 10, 364 5 400 515 1 304 456 11 281 422 2 404 441 9 311 404 8 520 462 12 449 538 3 412 581 5 417 632 177 322 240 384 170 302 249 373 241 383 188 419 190 361 201 365 224 358 17, 960 .1219 16, 246 .1251 14, 534 .1263 24, 439 .1263 24, 251 .1260 18,997 .1257 19, 938 . 1203 2,510 546 1,964 2,013 524 1,489 2, 004 453 1, 612 747 ! 377 610 13 311 426 12 286 451 217 383 168 318 157 249 21,685 .1257 18, 010 .1227 17, 663 .1238 16, 670 .1146 18, 272 .1138 19,047 .1164 2, 414 549 1, 865 1,830 520 1,310 1,840 439 1,401 1,815 601 1,214 1,880 549 1,331 1,893 422 1,471 2,002 ! 2,294 650 384 i 1,618 | 1,643 2,113 613 1,500 1,954 469 1,485 16,700 11,310 27, 446 16, 734 15. 626 .0878 16, 805 16, 837 16, 070 . 0878 27, 252 16,492 15. 754 . 0863 27, 079 26,197 24,967 .0778 30,900 10, 568 9, 652 .0798 20,050 ! 20, 275 22,239 ' 24. 327 23'. 095 21, 087 . 0897 .0850 25, 592 20, 772 20,118 .0903 22,104 27, 456 25, 255 . 0903 12, 573 19, 313 17.4.38 14,749 16,723 16,427 12,935 I., .0903 ! .0903 "."0903 29,535 2, 950 27,283 3,452 24, 302 1,157 22, 952 889 25, 863 3,437 29, 890 6,292 28, 599 2, 628 27, 847 3,006 31,412 7,977 31,648 8, 639 29,464 j 28, 105 29, 341 3, 1S3 | 6, 407 1,774 521 NONFERROUS METALS AND PRODUCTS Metals ! Aluminum: j Imports, bauxite# — long tons..! Price, scrap, cast (N. Y.) dol. per lb__ Babbitt metal (white-base antifriction bearing metals): Production! thous. of lb_. For own use „_.thous. of Ib__ Salesf thous. of lb_. Copper: Exports, refined* short tons.. Imports, total§ #__ short tons.. Ore and blister „ short tons,. Price, electrolytic (N. Y.) dol. per lb_.| Lead: Ore: Receipts in U. S. ore short tons.. Shipments, Joplin district short tons.. Refined: Imports^ . short tons.. Price, pig, desilverized (N. Y.) dol. per lb_. Production short tons_. Shipments, reported short tons.. Stocks, end of month ..short tons.. Tin: Consumption in manufacture of tin and terneplate* long tons.. Deliveries long tons.. Imports, bars, blocks, etcJ long tons_. Price, Straits (N. Y.) dol. per lb._ Stocks, end of month: World, visible supply long tons__ United States long tons.. Zinc: Ore, Joplin district: Shipments .short tons.. Stocks, end of month short tons.Price, slab, prime, western (St. Louis) dol. per lb_. Production, total (primary)f..short tons,. Retorts in operation, end of mo..number.. Shipments, totalt short tons.. Doinesticf short tons.. Stocks, refinery, end of monthf_short tons.- 718 1,143 1,440 | 1,217 742 946 . 0450 . 0450 . 0451 37, 958 36, 229 37, 844 42, 333 43, 035 42, 271 p I 222, 306 225, 309 222, 636 .0450 34,088 34, 590 224, 013 .0452 32, 221 33,0^6 225, 010 .0460 32. 1S4 36, 743 223, 388 2, 350 5, 360 6,287 . 4977 2,300 6,635 6.646 .4724 2, 400 5, GOO 6. 525 2,350 5, 520 6,104 .4799 477 1, 430 771 2,181 . 0460 36,175 40. 457 220, 991 .0369 29, 857 40,922 220,043 . 0396 33, 202 32, 341 225, 057 . 0402 29, 332 26,978 231, 077 .0412 30, 488 34,575 230, 915 .0425 30, 807 38,195 227, 583 2,850 6. 235 4,994 . 4694 3,260 5,825 5, 234 .5010 3,100 3, 950 5, 224 .5110 2,280 4, 615 5,320 .5107 2,610 5,290 4,179 . 5229 2,850 5,320 4, 615 . 5044 1, 790 1, 890 5, 355 5, 360 6,773 ! 4,095 .4907 I .5121 2,120 4,035 4,700 .5188 13, 328 2, 713 16, 614 4,295 I 16, 718 4,930 14,275 5, 467 13,162 3,227 13, 246 2,681 11,939 ! 13, 425 2,849 ! 1, 389 15,049 1,472 13,782 13,338 I 15,607 2,312 I 2,985 3,523 16.074 3, 968 40, 060 28, 070 28, 751 26, 552 15, 204 25, 938 23, 013 23, 725 28, 296 23,529 38,584 25, 865 36, 436 25, 409 34, 736 23, 093 48, 579 25, 344 40, 889 21,000 35,200 | 36,770 24,900 1 25,130 38, 640 20, 930 . 0490 .0403 43, 252 35,329 33, 719 41, 400 38,455 42,311 38, 452 42, 311 80, 782 108, 680 .0422 34, 572 32, 389 35,627 35, 604 107, 625 .0430 34, 637 33,836 29, 353 29, 353 112,909 .0433 35,120 33, 884 32, 306 32, 306 115, 723 .0454 35, 547 32, 942 38, 824 38,824 112, 446 . 0467 36, 221 34,870 42, 351 42, 351 106, 316 .0483 36, 716 34, 777 47, 063 47, 063 95, 969 .0485 37, 469 36, 650 48,172 48,172 85, 266 .0485 40,550 38, 329 42, 058 42,058 83. 758 .0485 41,917 38, 205 46,468 46,468 79,207 .0486 36, 228 38, 004 39, 918 39,918 75,517 . 0490 42, 483 37, 922 38,159 38, 159 79. 841 783 6,704 1,609 1,903 2,055 1,369 2,258 3,903 .0441 29,358 37,615 224, 992 Electrical Equipment Furnaces, electric, new orders kilowatts.. Electrical goods, new orders^ (quarterly) 3, 246 IT* thous of doL. Lamlnated phenolic products, shipments dollars.. 1,004,258 Mica, manufactured: Orders, unfilled, end of month 143 thous. of dol.210 Shipments thous. of doL. Motors (direct current): Billings (shipments) dollars. _ Orders, new dollars.. Panel boards an<i cabinets, shipments thous. of dol.. Porcelain, electrical, shipments: Special _ dollars. - 92,637 Standard., dollars.. 35,228 408 Power cables, shipments thous. of ft.. Power switching equipment, new orders: Indoor _ dollars.. Outdoor ..dollars.. Reflectors, industrial, sales u n i t s . . 111,617 Refrigerators, household, sales* number.. Vacuum cleaners, shipments: Floor cleaners n u m b e r . . 104,559 Hand-type cleaners*.. number-. 29,588 2,218 1,586 1,583 888, 705 816, 314 643,770 740,922 801, 292 100 160 150 166 106 158 77 117 124 161 464,835 476, 841 401, 708 433,141 358,543 348,349 432,406 403,480 366, 222 357,945 262 259 258 279 374 62,882 33, 566 542 64, 793 30, 284 355 62,711 28, 902 325 54,441 | 35,308 88, 521 161,634 66, 466 56, 038 266, 931 244, 602 30,180 98, 066 62, 608 161, 525 50, 452 139,512 65, 068 154,121 45,823 130,628 68, 635 110,161 79,330 i 73,086 31,219 i 27,321 58, 701 22, 521 56,906 13,950 58. 575 68, 473 24, 561 27,898 448 I 374 139,012 143,132 134,925 2,992 153, 452 832,902 1,061,285 878,041 813,455 844, 374 924, 238 179 201 109 187 121 147 113 153 157 18S 374,026 | 348,942 454,450 445, 613 490,201 405,167 571,756 625, 708 533, 595 612, 483 424, 944 585, 34S 338 293 306 83, 238 35, 458 293 70, 698 26, 881 233 78, 914 29, 923 419 77,690 27, 694 a 446 119 172 285 79, 377 34, 737 332 I 46, 781 102,719 71, 093 53, 622 65,128 | 78,343 16,227 I 27,478 101,108 41, 249 455 81, 004 53,858 «323 64, 691 41, 637 63,163 57,981 43,435 I 46,328 91, 522 156,313 | 166,011 127,347 | 135,293 115,247 81,807 97,360 70,093 89,044 83,002 87,811 43, 706 46, 930 75,904 | 119.764 179,056 I 272,139 93,627 29, 047 85,816 29, 261 86,763 | 74,733 j 86, 084 26,570 I 24,999 i 23, 769 114,001 35, 878 • Revised. * New series: For earlier data, see p. 20 of the December 1932 issue, for tin and terneplate; p. 20 of the July 1935 issue, electric reirigerators; and p. 20 of the August 1934 issue, for hand-type vacuum cleaners. t Data for Babbitt metal revised back to January 1933. Revisions not shown in the March 1936 issue will appear in a subsequent issue. For 1933 revisions on zinc see p. 49 of the January 1934 issue; for 1934 see p. 49 of the February 1935 issue; for 1935, see p. 52 of the February 1936 issue. t Present series on water systems cover 52 companies. • For revisions for 1932, see p. 48 of the June 1933 issue; for 1933, p. 20 of the September 1934 issue; for 1934, p. 19 of the December 1935 issue. § Data for 1932 revised; for 1932 revisions, see p. 48 of the June 1933 issue, total imports of copper. # See footnote on p. 37 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions, see p. 20 of the December 1935 issue. \ Revised series on water systems starting January 1934; see p. 49 of the April 1935 issue; for earlier data on new orders for electrical goods, see p. 19 of the August 1933 issue. New series on water-softening apparatus revised starting January 1933; revisions for 1933 will be shown in a subsequent issue. 53 SURVEY OF CURRENT BUSINESS June 1936 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 193(5 April 1936 1935 April May METALS AND June July August Septem- October Novem- December ber January February March MANUFACTURES—Continued N O N F E R R O U S M E T A L S AND PRODUCTS—Continued Electrical E q u i p m e n t — C o n t i n u e d Vulcanized fiber: Consumption thous. of l b . Shipments thous. of dolWelding sets, new orders:A Multiple operator units. Single operator units. Miscellaneous P r o d u c t s 2,129 470 1,819 425 1,871 434 1,716 363 1,579 344 1,524 420 1,423 420 1 1,073 1 497 0 413 7 324 3 387 2 479 0 480 4,111 4,507 5,297 5,195 Brass and bronze (ingots): 0 6,012 Shipments and deliveries net tons4,620 5,698 Brass, plumbing: Shipments*! number of pieces- 1,275,836 1,062,452 1,001,767 Brass sheets, wholesale price, mill .148 dol. per l b . .143 .143 Copper, wire cloth: Orders: 369 New thous. of sq. ft. 398 351 Unfilled, end of month..thous. of sq. ft. 412 467 443 Production thous. of sq. ft. 450 383 424 Shipments thous. of sq. ft439 367 373 Stocks, end of month thous. of sq. ft. 702 742 797 2,112 440 1,718 387 1,781 455 1, 635 417 7 430 0 467 0 543 2 796 0 810 6,294 5,944 5,894 5,948 5, 645 1, 782 509 995, 808 1,048,172 1,156,791 1,195,230 1,388,845 1,131,066 1, 830 492 5,897 916,783 1,240,615 1,155,921 1,210,393 .143 .136 .138 .142 .145 .146 .146 .146 .146 .146 411 472 376 375 801 441 509 358 375 787 417 486 416 419 781 439 560 375 359 788 386 483 442 440 741 424 527 384 396 725 386 505 379 395 418 528 447 398 689 370 495 406 416 689 413 516 424 411 709 PAPER AND PRINTING WOOD Consumption and shipments short tons— 378, 708 385, 205 364,846 356,130 379, 217 362, 559 401, 864 394,485 388,244 416,019 393, 587 405,472 Groundwood short tons.. 1 110,806 99, 711 102, 730 93, 086 88, 016 90, 925 86,102 98,365 97, 545 102,102 98,100 96,445 107,642 Sulphate short tons._| 136, 761 111,592 113, 251 115,381 115, 875 127,001 120, 234 127, 598 124,418 120,807 139,951 130, 084 136,497 Sulphite, total . short tons..' 154,300 132, 772 133,814 122, 298 116, 810 125,226 121, 767 136, 623 134, 291 135,317 129, 249 128, 983 127, 281 77, 726 Bleached short tons—I 98,791 80, 239 81,515 76, 558 73, 843 76, 036 72, 675 78, 624 76, 640 79,011 78,217 77,100 49, 555 Unbleached short tons.. 1 55, 509 52, 533 52, 299 45, 740 42, 967 49,190 49, 092 57, 999 52, 343 55, 280 57,100 52,149 32, 873 Soda short tons_. 28, 919 29, 317 26, 909 27, 588 29, 563 27,126 30,483 30, 639 30, 256 29,399 32,099 5,714 7,172 7,330 8,795 7,420 6,719 6,093 7,841 6,502 6, 336 Damaged, off-quality & misc'Lshort tons— 6,276 7,078 6,621 Production, all grades short tons— 387, 719 387, 651 357, 547 353, 939 371, 259 355, 536 389, 331 388,785 386,523 420,037 397,913 417,948 Ground wood short tons— 120"654" 109,019 110, 000 94, 603 82,046 79, 730 75,477 89, 067 94, 007 99,402 106.885 100, 725 110, 057 Sulphate short tons— 137, 792 111,981 113,421 114,527 116,216 128,039 119,590 126,332 125,609 121,148 139,329 131, 642 136,076 Sulphite, total _short tons— 142, 459 131, 794 129, 934 114, 223 120,099 127, 707 125, 671 135,193 132, 294 130,975 134, 290 128, 423 133,143 80,749 Bleached short tons— 90,474 80, 965 77,650 69, 942 77,875 78,109 76,486 78, 227 77,528 75,977 75,236 79,704 52, 394 Unbleached short tons— 51,985 50, 829 52, 278 44, 281 42, 224 49, 598 49,185 56, 966 50, 895 56, 317 55,739 54, 586 Soda short tons_31, 794 29, 038 28, 276 27,000 27, 787 29,399 27, 541 30,022 30,989 29,171 28,821 32,381 5,887 7,194 6,384 7,257 8,717 7,704 8,020 7,791 Damaged, off-quality & misc'l- .short tons— 6,134 6,878 6,177 7,152 6,492 Stocks short tons— 131,826 134,273 126,674 124,743 116,784 109,761 97, 683 90,263 90,080 94,406 106,172 91,984 64, 742 73, 529 66,364 45,739 36,896 32, 803 Groundwood short tons— 72,012 67,559 41, 479 34,277 35,760 31,097 50, 727 Sulphate short tons— 6,422 5,685 5,855 5,001 5,342 6,380 5,736 4,470 6,002 5,285 6,843 5,661 7,471 Sulphite, total short tons— 55, 080 43, 239 54, 984 51,104 43,029 46,278 48, 759 52, 663 51, 233 44,894 49, 735 49,175 49,236 Bleached... short tons— 28, 276 36, 593 36,909 33,050 26,434 30,466 32, 539 36,350 35,953 29,938 32, 639 33, 527 32,919 Unbleached short tons.. 14, 963 18, 487 18,075 18,054 16, 595 15,812 16, 220 16,313 15,280 14,956 17,096 15,648 16,317 Soda short tons— 2,477 5,547 4,507 4,598 4,797 4,632 5,047 4,586 2,924 3,206 3,556 3,502 Damaged, off-quality & misc'l—short t o n s 714 868 795 817 767 649 576 498 683 555 782 757 585" Imports: Chemical, totalf# — -short tons— 122, 060 86,361 165,397 155,406 147,952 151, 705 165,848 228, 504 199,812 243,858 213,837 160, 649 143, 576 Groundwood# short tons_. 13,905 10,097 18,368 16,744 11,715 14,300 14,818 31,097 23,621 28,116 20, 392 13, 796 20,457 Price, wholesale, sulphite, unbleached 1.90 1.90 1.90 1.90 dol. per 100 lb— 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 PAPER§ Total paper: f Paper, including newsprint and paperboard: 732,493 778,059 713,999 694, 705 806, 564 752,268 914,328 783,476 714,352 823,183 °757,764 782, 517 Production short tons— Paper, excluding newsprint and paperboard: 378, 215J! 426, 046 340,925 349,842 430,907 411,755 493,920 398, 223 368,540 456, 210 399,512 451, 607 Orders, new short tons— 396,991 431,455 380,324 361,701 440,277 391,410 488,758 410,231 394,889 472,919 414, 408 420, 753 Productionf .short tons.. 385,934 417,334 368, 583 1 361,474 435,108 390,179 484, 827 411, 507 381,314 475,790 401, 545 416,391 Shipments! short tons—i « Revised. • Since January 1934 the figures are more complete than those on deliveries previously shown. Shipments of the concerns formerly reporting contribute about 80-85 percent of the total for the present series. A These series have covered a varying number of companies for period covered in survey; percentage of industry coverage not known. Reports have been~from 12 companies since January 1934. t In September 1935 3 firms discontinued reporting; data of 3 firms of equal size were added, thereby maintaining the comparability of the series. I Revised series. See p . 49 of the June 1933 issue for 1932 chemical wood pulp imports. Data on total paper for 1934 revised. Revisions for months not shown in the August 1935 issue will appear in a subsequent issue. * New series. Data prior to October 1931 not published on plumbing brass. # See footnote on p. 37, of this issue. Date for 1933 revised; see p. 20 of the October 1934 issue. Tor 1934 revisions see p. 20 of the December 1935 issue. § 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 whichlare 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, paperboard, and newsprint. The first two of these classifications are not used in the SURVEY, while the Bureau of the Census report is used for paperboard and the Newsprint Service Bureau's report for newsprint (the latter series is identical with that reported by the association). The ratio of the production reported by the association, the Newsprint Service Bureau, and the Bureau of the Census (monthly report on paperboard) to the annual figures reported by the Bureau of the Census for 1934 follow: Total paper, 87.4 percent; fine paper, 76.1 percent; wrapping, 109.7 percent (present classification of association is much broader than is Census or earlier association classification); paperboard, 68 percent of all paper board, but 81 percent of the more comparable classifications of container board and boxboard; book paper, uncoated, 95 percent and coated 100 percent (book paper estimates are by association since the data cannot be checked with Census data); and newsprint, 97 percent. Figures for the first 5 months of 1934 on book paper are not available. Data are available for the other series for the months of January to April 1934. These figures will be shown in a subsequent issue. ^ See footnote marked " A " on p. 60 of the March 1936 issue. 54 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 June 1936 1935 1936 April April May June July 1936 I1 Decem| August SeptemOctober November ber ber I January February March PAPER AND PRINTING—Continued PAPER—Continued 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.. 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.. 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.. Paperboard:§ Consumption, waste paperf..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 millst ..short tons.. In transit and unshipped purchases short tons.. 15,835 9,118 18,264 56.9 17,215 16, 861 18, 464 8,798 19,335 55.8 19, 441 17,194 18, 390 8,153 19, 363 59.4 19, 267 15, 605 18,903 8,808 18, 640 64. 3 17, G54 16, 595 19,912 7,924 21,197 65.0 21, 728 16, 064 19, 264 7,225 20, 066 58. 1 20, 746 16, 580 17, 352 10,043 18,831 63.7 19,145 14,961 22, 352 10, 351 23,106 63.4 23,640 16, 243 22, 541 11.364 21, 844 66.8 22, 752 15, 050 81,320 27, 806 93, 358 69.9 87,815 63, 320 72, 222 26, 754 82,098 66.7 78, 740 66,352 78,190 29,864 86,121 63.2 84, 996 70,154 80,143 30,480 88, 201 68.2 85, 880 71,860 83, 400 35,464 87,911 70.1 88,127 73,098 88, 329 32, 771 95,894 72.4 92, 415 74, 820 87, 252 35,065 89, 262 66.4 91,197 74,399 82,558 37,746 91,075 71.5 84,964 79,518 98,108 40,212 101, 223 71.8 99, 769 81,821 93, 960 43, 739 96, 068 73.9 96, 293 81,713 27,175 10,649 30, 751 28, 936 52,880 37, 596 10, 676 39,114 37, 428 54, 610 25, 966 8,276 31,196 29,182 56, 550 24, 606 9,421 26, 650 25,910 55, 716 33, 646 8,067 36, 553 35, 501 56, 931 28, 497 9,269 28, 494 28, 599 56,903 37, 763 8,666 39,075 38, 959 56,504 29, 802 8,245 31,281 30, 709 56,867 29,912 8,857 31,633 28,355 60,206 43,582 10,560 41,979 43, 467 59,143 36, 999 12,813 38,155 34,803 62, 400 118, 858 60, 867 132,986 127,543 106, 385 147,153 62, 098 148, 984 148,493 105, 337 118,943 55,634 132,181 129, 561 107,000 122, 953 57, 596 121,304 121,871 104,715 162,916 60, 807 160, 510 159,808 105,116 141,541 70, 686 135,278 132, 926 107,856 184, 471 79,566 176, 973 175, 974 107, 655 134,343 73, 774 138, 523 140, 060 105, 468 125, 290 71,348 131,544 127,051 108,178 155,564 58,378 165,934 168, 333 105,361 124,216 56, 391 136, 087 128,188 114,425 18,610 11,336 23, 525 79.0 23,734 11, 992 20, 733 9,106 21, 758 62.0 21,215 14, 870 85, 548 49, 939 107, 533 85.4 105, 689 76, 033 87, 282 30, 975 96, 852 69.3 95, 237 60,919 20, 311 9,794 20, 756 58.8 19,513 15,810 192,894 158,924 239,881 227, 215 219,461 220, 866 208,912 240,421 244, 037 277,838 184, 884 184,079 258,721 222, 235 242, 693 232, 020 234, 753 235, 573 233, 968 266, 515 262, 854 244,732 227,955 221,190 267, 296 236, 905 251,979 228,196 226,884 225, 736 225,403 266, 679 285,179 265, 233 181,403 206, 010 85, 629 3 55,211 57, 771 65, 705 183, 399 166, 122 201, 970 161,884 203,590 188, 700 227, 330 202,878 153,811 190,872 41.00 76,470 77, 546 63,527 40.00 74,651 76,872 40.00 84,141 83, 825 40.00 77, 010 76,994 40.00 72, 797 71,213 75, 305 73,818 76, 658 92 082 148,142 160, 558 179, 821 187, 448 186, 514 161,185 195, 057 190, 272 222,811 234, 305 249,876 179,982 182, 313 157,456 40.00 75,160 74, 676 40.00 71,262 73,067 73, 579 40.00 79, 974 82, 220 50, 993 40.00 78, 955 81,151 30,138 40.00 75,869 79,672 41.00 79,336 74,126 41.00 72, 249 70, 650 17,087 15, 873 16, 294 17, 887 18, 235 16,450 15,440 10, 266 14,275 14, 340 12,473 188,453 203, 672 203, 353 211,071 223, 364 232, 200 221,114 222, 362 223, 377 240, 838 237,955 48, 567 33, 268 37, 342 29,914 29, 220 26,100 38, 703 34, 754 41,727 53,302 35,178 16, 032 221,165 39,387 245,566 217, 300 219,767 246, 318 196,429 229,064 226, 216 298,180 99,796 294,929 255, 730 259,995 248, 656 259, 486 297, 349 307,103 351,887 272,477 234,753 79, 296 80, 367 78,020 78,241 86, 767 105,088 107, 074 88,971 81,894 260, 851 262, 463 256, 665 260, 207 291,127 289,596 345, 596 294, 290 243,594 61.4 64.8 62.7 68.7 66.5 74.1 73.6 60.9 79.5 233, 784 214,680 222, 519 230, 365 228,137 220, 998 214,685 213, 297 211,029 47, 039 30,233 33,481 32, 432 38, 420 40, 780 35,044 32, 864 35,269 283,890 94,210 270,928 268,843 91,917 271,107 71.6 204,353 44,306 213,523 217, 934 246, 537 244,963 63.4 68.4 216,040 193,919 39, 737 39, 983 PAPER PRODUCTS Abrasive paper and cloth, shipments: Domestic reams.. Foreign reams.. Paperboard shipping boxes: Shipments, total mills, of sq. ft.. Corrugated* mills, of sq. ft.. Solid fiber*... mills, of sq. ft.. 77, 561 10, 241 69,173 6,851 50, 774 5,442 61, 294 8,538 61,116 7,364 62,201 6,719 66,455 8,743 73, 057 9,082 66,453 9,428 55,740 15,231 65,784 7,712 59, 936 4,575 2,095 1,873 222 1,829 1,626 204 1,933 1,729 204 1,832 1,626 206 2,017 1,772 245 2,161 1,912 250 2,176 1,931 245 2,412 2,165 247 1,991 1,796 195 1,781 1,604 176 1,964 1,768 195 1,846 1,653 194 83,393 718 568 150 77 89, 491 624 447 177 80 73, 780 674 495 179 78 82, 686 500 403 97 75 93,807 714 519 195 80 88, 721 100,160 787 868 611 681 176 187 83 85 94, 574 897 700 197 86 92,113 836 688 148 84 95,196 536 430 106 84,853 842 676 166 83 13,531 12,097 13,998 11,906 14,399 11, 672 14,915 12, 677 14,648 12, 931 14,643 12,906 15,785 13,117 15, 500 13,127 14, 966 13.033 ~ PRINTING r,'"'" Blank forms, new orders thous. of sets.. 101, S05 854 Book publication, totaLnumber of editions.. 718 New books number of editions.. 136 New editions ...number of editions.. Operations (productive capacity). 1923=100,. Sales books: Orders, newtthous. of books.. 15,031 0) Shipments thous. of books.. 17, 503 14, 804 0) 0) • 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. Sales books, new orders, have been revised beginning January 1935 to include the statistics of 2 members not included heretofore. The data now represent 90 percent of all the sales books sold in the United States. For 1935 revisions see p. 54 ot the May 1936 issue. Revised data for 1935 not shown above, January 13,727, February 13,895. i Shipment figures are no longer reported by the Specialty Accounting Supply Manufacturer's Association. § The Bureau of the Census has changed the title of the "Boxboard" report to "Paperboard" since data actually cover all board of .0012 of an inch or more in thickness reported by the cooperating manufacturers. Figures given on production and new and unfilled orders are for 94 identical manufacturers; and consumption and stocks of waste paper for 82 manufacturers. Estimated coverage is given in footnote marked § on p. 53 * New series. New series on paperboard shipping boxes compiled by the National Container Association, Chicago, 111., from reports from all members of the industry of record beginning in January 1934. The volume of companies not reporting each month is estimated by the association, so as to keep the series comparable. Prior to January 1934 data covering this industry were compiled by the Paper Board Industries Association. See footnote marked " § " on p. 53 of this issue for book, fine, and wrapping paper. # See footnote on p. 37 of this issue; data for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue. 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 55 SURVEY OF CURRENT BUSINESS June 1936 1936 1936 1935 April Decem- January Febru- March October NovemAugust Septemary ber ber ber April May June July RUBBER AND RUBBER PRODUCTS CRUDE AND SCRAP RUBBER Crude: Consumption, total long tons.. For tires and tubestt long tons.. Imports, total, including latext#-long tons.. Price, wholesale, smoked sheets, N. Y. dol. per lb__ Shipments, world long tons_. Stocks, world, end of monthf---long tons_. Afloat, totalf __-long tons.. To United States! 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.. 40,913 31,825 41,456 30,705 .115 60,000 75,000 553,694 677, 005 83,000 97,400 47,678 37,651 140, 404 165, 064 66, 290 86, 723 264, 000 328,118 .120 77, 000 677,569 103,200 44, 375 167,745 91, 345 311,000 46, 707 ~45~830 8,266 11,382 16,193 9,210 10,315 17, 032 37, 827 8,448 10,223 16, 341 33,327 25,961 32,182 34, 000 38,192 38,500 33,109 36,000 25, 019 6 21,893 6 21, 250 6 23, 627 6 22,818 26,073 35, 707 36,378 48,131 41,483 .121 .126 72, 000 70,000 671, 525 679,061 101, 000 96,000 55, 581 49, 018 171,303 174,141 89, 979 89, 098 315,000 315, 000 7,317 8,590 15, 780 7,136 8,421 14,889 .120 70, 000 680, 644 101,000 47, 724 177,250 80,843 321, 551 .116 74,000 661,509 100,000 43,413 174,894 67, 361 319,254 7,036 7,263 12, 611 7,011 6,871 11,321 .131 .127 63,000 75,000 655, 000 623,300 100, 000 89,000 49, 913 46, 588 168, 570 166, 896 71, 868 66, 794 312,112 294, 610 7,923 11,926 11, 784 7,494 11,482 12, 028 23, 498 32, 588 33,071 620,464 34,339 38, 648 6 23,198 39, 812 43,655 627, 437 33, 921 .132 62, 000 611,987 82, 000 39,094 164, 200 61,692 303, 000 .144 .154 63,000 «62,000 600,479 599,355 «84, 000 a 85, 000 43,870 46, 532 162,107 «157,028 66,618 72, 530 287,754 284, 797 6,817 12, 307 13, 537 8,031 11,665 14,326 5,893 10,188 15, 547 38,433 621,372 34,874 .159 « 68,000 574, 594 °90,000 58, 935 '147,712 61,045 '275,837 [ 7,014 10,712 16,039 61,045 29,772 TIRES AND TUBESJ 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 thousauds.. Stocks, end of month thousands.. Raw material consumed: Crude rubber. (See Crude rubber.) Fabrics thous. of lb_. 4,376 4,989 4,908 10, 673 4,050 3,945 3, 850 10,797 3,793 4,134 4,061 10,433 3,426 5, 284 5,212 8,584 20 22 21 31 23 21 20 34 16 20 19 30 22 20 20 4,132 4,320 4,252 9,864 3,775 3,347 3,287 10, 296 3,376 3,904 3,840 9,748 8,011 7,736 7,055 3,153 5,111 5,053 7,765 » 3, 234 6 3,839 b 3, 783 6 6,322 6 3, 067 6 2,676 6 2. 621 * 6, 713 6 6 24 6 20 «» 19 26 &24 b 24 6 33 * 3,154 6 3,690 » 3, 647 > 5, 621 14,868 6 13,8 h * 3, 281 6 3, 317 b 3, 258 » 6, 715 b 27 6 25 6 6 6 6 3, 238 3,232 3,170 6, 682 6 3, 282 6 3,365 6 3,311 6 6,639 6 3, 709 6 3,139 6 3,079 6 7, 224 6 2, 898 6 2,601 6 2,545 6 7,504 * 2,947 & 3,123 f> 3,065 6 7,360 » 23 »19 «»19 Ml 6 22 6 23 6 23 Ml 6 25 *23 6 22 6 40 6 15 6 17 6 17 6 37 6 16 6 21 6 21 6 2,880 6 2,791 6 2, 748 6 7,046 6 3,068 6 3,074 6 3,027 6 7,040 615,988 612,059 613, 417 3, 341 6 2, 775 * 2, 735 * 6,127 6 3, 592 * 3,193 » 3, 262 b 3, 035 *3,215 6 2,988 * 6, 523 6 6,611 12,606 14,148 6 13,523 6 6 6 6 3, 3, 3, 6, 279 268 229 667 6 13,632 6 3,719 & 3, 376 6 3,330 6 6,984 6 32 MISCELLANEOUS PRODUCTS Rubber bands, shipmentsA thous. of lb_. Rubber-proofed fabrics, production, totalA thous. of y d . . 265 Auto fabrics thous. of y d . . Raincoat fabrics.. thous. of y d . . Rubber flooring, shipmentsA-thous. of sq. ft.. """"485 Rubber and canvas footwear:^ 5,876 Production, total thous. of pairs.. 2,838 Tennis ..thous. of pairs.. 2,988 Waterproof thous. of pairs.. 4,970 Shipments, total thous. of pairs.. 3,519 Tennis thous. of pairs.. 1,451 Waterproof.thous. of pairs.. 4,928 Shipments, domestic, total.thous. of pairs.. 3,480 Tennis... .thous. of pairs.. 1,447 Waterproof thous. of pairs.. Stocks, total, end of month.thous. of pairs.. 16,699 6,565 Tennis thous. of pairs.. Waterproof thous. of pairs.. 10,134 Rubber heels:A Production. thous. of pairs.. 0) Shipments, total* thous. of pairs.. 0) Export. _ thous. of pairs.. 0) Repair trade thous. of pairs.. 0) Shoe manufacturers thous. of pairs.. 0) Stocks, end of month thous. of pairs.. (0 Rubber soles:A Production thous. of pairs.. 0) Shipments, total" thous. of pairs.. 0) Export thous. of pairs.. (l) Repair trade thous. of pairs.. Shoe manufacturers thous. of pairs.. Stocks, end of month thous. of pairs.. Mechanical rubber goods, shipments:A Total—. thous. of dol.. 0) Belting -.thous. of dol.. Hose._ thous. of dol_. 0) Other... thous. of dol.. 0) 8 (l) 269 334 363 363 396 2,984 431 5,571 449 2,866 492 3,269 395 1,291 450 2,760 313 604 450 2,864 219 603 371 2,950 191 786 322 199 859 422 15, 653 4,156 11,497 4,427 873 3,554 5,510 889 4,622 5,489 881 4,608 14, 559 4,137 10,422 5,874 1,297 4,577 5,733 673 5,059 5,705 654 5,051 14, 700 4,761 9,939 5,172 1,301 3,871 5,657 491 5,165 5,626 467 5,159 14, 200 5,571 8,630 5,993 1,661 4,332 6,276 830 5,446 6,252 815 5,437 14,967 6,743 8,224 5,925 2,174 3,751 6,144 2,061 4,083 6,109 2,042 4,067 14,886 6,839 8,047 5,231 2,498 2,732 4,819 1,929 2,890 4,788 1,915 2,873 14,957 7,305 7,652 5,905 2,937 2,969 5,041 3,019 2,022 5,011 2,997 2,014 15, 804 7,207 8,597 17,836 17,492 233 4,810 12,449 34, 746 18,016 16,267 177 4,054 12, 036 36,464 16, 406 17,067 187 5,187 11,694 36, 051 18,517 18,814 296 5,029 13, 489 36, 291 16, 024 16,886 428 4,173 12,285 30, 710 16,649 17,094 348 2,829 13,917 30,374 0) 0) 0) 3,567 3,509 8 380 3,121 3,887 3,599 3,597 11 384 3,202 3,875 3,166 3,099 5 449 2,646 3,967 3,021 3,160 3 660 2,497 3,844 4,022 4,141 1 625 3,515 3,731 3,399 3,528 11 492 3,025 3,121 3,698 3,544 1 401 3,142 3,164 4,422 1,026 1,383 2,012 4,106 1,092 1,281 1,733 4,354 1,346 1,368 1,640 3,980 1,018 1,248 1, 715 5,015 1,155 1,438 2,422 4,755 989 1,319 2,447 5,200 1,027 1,408 2,765 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 285 293 227 220 276 4,068 305 1,398 456 4,030 292 1,716 486 303 1,540 400 4,200 278 1,986 325 5,209 427 2,370 477 5,415 3,188 2,226 4,210 3,276 934 4,170 3,243 927 17,056 6,241 10,815 4,857 2,376 2,481 3,688 2,579 1,109 3,623 2,521 1,102 18, 202 6,026 12,176 4,151 1,391 2,760 3,002 1,774 1,227 2,964 1,742 1,222 19, 358 5,642 13, 716 3,147 702 2,445 3,737 1,507 2,230 3,667 1,490 2,177 18, 767 4,836 13,931 4,699 1,056 3,643 6,132 1,340 4,792 6,106 1,322 4,784 17,173 18,764 241 7,405 11,118 34,869 20,262 19,658 336 7,471 11,850 35, 602 19,105 18,694 356 5,578 12, 760 34, 250 3,525 3,543 7 631 2,905 3,897 3,607 3,701 6 505 3,190 3,733 5,711 1,394 1,949 2,368 4,944 1,109 1,688 2,147 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) (0 0) C1) 0) (0 0) a h i Discontinued by reporting Revised. See footnote marked " t " 0) source. t Data for 1934 and for the period January to July 1935 are estimated to represent approximately 97 percent of the industry; for for subsequent months the coverage is estimated to be 81 percent. Previously published data are estimated to cover about 80 percent of the industry for 1929-33, inclusive, and 70 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. For 1934 revisions see p. 20 of the December 1935 issue. • In October 1933, 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 per cent. For preceding periods the coverage varied; in 1929 it was 90 percent; in 1931, 80 percent; and in 1933, 95 percent, according to the Census of Manufactures. Over lapping figures are available for October 1933. See the October 1934 issue for October 1933 data for the smaller number of firms. * New series. Earlier data not published on total shipments of rubber heels and rubber soles prior to December 1932. t Revised series. Data on consumption of rubber for tires and tubes revised for 1932,1933, and 1934. See p. 51 of the August 1934 issue. Revised data from September 1930-December 1934—rubber world stocks, world afloat, and afloat to the United States appear on p. 20 of the July 1935 issue; for 1932 revisions for United States stocks, see p. 50 of the May 1933 issue. See p. 50 of the June 1933 issue for crude rubber imports. A Coverages of Rubber Association data has varied considerably over period for which data have been shown in SURVEY. Coverage was generally higher in 1934 and 1935 than in earlier years. 56 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, ;ogether with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1936 1935 1936 April June 1936 April May June July Decem- January August SeptemOctober November ber ber February March 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 briek__ Shipments thous. of brick.. Stocks, end of monthj thous. of brick.. Sand-lime brick: Orders, unfilled, end of mo. thous. of brick.. Production thous. of brick.. Shipments by rail thous. of brick.. Shipments by truck thous. of brick.. Stocks, end of month thous. of brick.. Vitrified paving brick: Shipments*. .thous. of brick.. Stocks* thous. of brick.. 9.50 10. 00 9.63 9.50 j 9.40 93,608 76, 646 83, 076 88,324 341,477 343,554 341,315 I 365,481 9.44 9.50 95, 940 91,127 381, 532 394,988 9.50 9.50 95, 673 117,031 423, 651 424, 737 <).5O 73 586 426 550 .50 9.50 50,471 « 44, 736 417,482 <405, 866 833 172 66 387 177 229 2,133 381 293 255 2,107 342 310 284 2,078 337 350 313 2,107 322 320 300 2,126 291 351 277 2,168 294 348 311 2,223 354 322 235 2,334 562 309 147 2,485 95 2,385 9 477 850 345 104 343 346 810 1,821 125 1,754 1,374 600 1,582 206 793 1,860 1,150 2,077 213 1,901 1,877 1,012 1,974 144 1,873 1,921 720 2,396 44 1,894 2,202 390 2,115 129 1,927 2,164 400 1,399 83 1,280 2,185 1,225 1,274 33 896 2,451 1,690 486 36 714 2,046 7,965 1,032 29 1,085 2,285 7,928 2,220 186 2,129 1,600 3,307 80, 358 4,162 87, 241 7,753 89,638 12, 565 86, 236 9,173 81, 447 5,115 81,344 5, 454 79, 753 6,178 79, 468 4, 715 81,191 3,892 79,730 2,052 79, 677 4,856 79,194 1.667 6,136 27.9 6,198 21, 219 6,122 1.667 8,222 36.1 7,428 21,991 6,365 1.667 8,725 39.6 7,632 23, 083 6,741 1.667 8,021 35.7 7,813 23,287 6,849 1.667 7,235 31.8 8,105 22,415 6,779 1.667 7,173 32.6 7,799 21, 783 6,368 1.667 7,510 33.1 8,794 20, 501 5,891 1.667 7,093 32.2 5,976 21,613 5,607 1.667 5,803 25.6 4,514 22,908 5,226 1.667 3, 630 16.1 3,889 22, 686 5,214 1.667 3,454 16.4 3,156 22.971 5,590 1.667 5,263 23.4 7,138 « 21,126 a 5, 625 3, 576 a3,825 64. 3 62.4 3,458 ° 3, 748 8,239 8,183 «3,102 58.7 0 3,700 7,576 a 3a , 616 60. 8 ° 3, 569 7,575 • 3,271 59.4 • 2, 938 7,836 « 3, 059 "55.5 « 2, 537 8,328 3,114 52.1 2,916 8,437 3,047 55.4 3,031 8,410 747 179 PORTLAND CEMENT Price, wholesale, composite dol. per bbl_. Production thous. of bbL. Percent of capacity Shipments thous. of bbL. Stocks,finished,end of month.tbous. of bbL. Stocks, clinker, end of month-thous. of bbL. 1.667 8,519 39.2 9,089 20, 556 5, 276 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, productiont thous. of sq. ft.. 3,604 €3.0 3, 604 8,224 a 3,115 ° 54.4 2,956 8,060 « 3, 284 «59.6 •61.5 ° 3, 239 • 3, 270 8,141 8,115 a a 2,381 2,020 1,965 1,919 1,743 1,865 2,446 2,485 2,416 1,817 2,261 1,853 2,109 2, 039 2,608 2,065 2,623 2,022 2, 751 1,829 2,828 1, 555 2,757 1,591 2,306 2,013 2, 680 2,705 2,730 2,672 2,477 2,292 2,749 2,159 1,883 2,148 2,127 82.9 3,916 1,920 74.8 4,945 1,927 75.1 5,097 1,814 70.7 5,119 1,567 61.0 5,053 1,920 74.8 4,787 2,088 81.4 3,358 2,584 100.7 3,450 2,339 91.1 3,618 2,067 80.6 3,735 1,965 76.6 3,753 1,978 77.1 3,045 19,455 16,999 14, 582 13,163 13,909 14, 526 14,404 16,593 15,909 16,112 17, 276 13, 857 1.906 211 1,105 138 GYPSUM* Crude (quarterly): Imports short tons.. Production.. __ short tons.. Shipments (uncalcined) short tons.. Calcined (quarterly): Production short tons.. Calcined products (quarterly): Shipments: Board, plaster (and lath) .thous. of sq. ft_. Board, wall thous. of sq. ft.. Cement, Keenes short tons.. Plasters, neat, woodfiber,sanded, gauging,finish,etc ..short tons.. For pottery, terra eotta, plate glass, mixing plants, etc short tons.. Tile, partitition thous. of sq. ft.. 114,934 523, 238 188,458 170,613 566, 719 161, 786 124, 302 498, 765 140, 363 388,440 416,709 345,826 56, 284 73, 990 4,724 72,957 62, 250 5,642 62,886 5,716 272, 202 293,984 235, 111 36,668 2,211 35,892 2,420 34,814 2,420 TERRA COTTA Orders, new: Quantity. _ Value _ short tons, thous. of dol. 1,945 215 1,440 133 791 93 934 113 104 581 76 1,027 124 1,267 149 1,509 179 47, 223 45, 575 55, 663 341,833 341,509 329,489 45, 069 335,104 31,361 337,465 713 91 TILE Hollow building tile:* Shipments Stocks a short tons. short tons. 38 498 346,785 42,336 43,196 43.069 341, 432 334, 369 335,114 28, 480 21,952 330, 262 «327,112 Revised. * New series. Earlier data'not published on illuminating glassware prior to July 1932 (except production and percent of capacity); for earlier data see p. 20 of the June 1933 issue, face brick, machine production. Series on common and vitrified paving brick and tile beginning January 1934 were shown on p. 20 of the June 1935 issue. For earlier data on gypsum see p. 20 of the January 1933 issue. | Adjusted for degrading and year-end physical inventories. t Data on plate glass represent the total output of the industry. Complete figures for the months of 1932 were shown on p. 52 of the March 1933 issue, for 1933 on p. 52 of the March 1934 issue, and for 1934 revisions p 56 of the March 1936 issue. # Monthly series on glass containers for 1934 and 1935 are not comparable with those of earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the year of 1933 amounted to 33,048, 747, compared with 23,511,963 for the 30 firms reporting for the same year. Comparable statistics on shipments for the companies, now reporting by years, from 1928 to 1933, inclusive, were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are not available for this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly figures prior to 1934 had a downward bias. Basis of estimating capacity was changed in computing the new series. Data for 1934 revised, see p. 52 of the May 1935 issue. 57 SURVEY OF CURRENT BUSINESS June 1936 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 1936 April 1935 April May June July 1936 DecemAugust SeptemOctober November ber ber January Febru- March ary TEXTILE PRODUCTS CLOTHING Hosiery:* Production thous. of dozen pairs.. Shipments thous. of dozen pairs.. Stocks, end of month thous. of dozen pairs.. 10,201 10,176 9,392 9,180 9,203 9,124 7,121 7,513 7,541 6,818 9,001 9,686 9,577 10,816 11, 574 12,164 10, 293 10, 231 8,918 8,648 10,099 8,487 9,252 8,662 9,832 10,420 19,186 19,366 19,546 19,256 19,938 19,211 17,930 17,299 17,319 17,547 19,160 19, 750 19,161 577 468 470 384 391 408 449 552 508 498 591 517 353 323 278 345 280 526 406 COTTON Consumption! 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.. Keceipts into sights thous. of bales.. Stocks, end of inonth: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.. 10 487 712 1,135 1,133 8 4,230 7,750 9,362 7 .115 .120 241 877 k 549 405 9,758 13 10, 250 14 18 .111 .119 .110 .116 .109 .114 817 689 494 • 10,420 16 .112 .117 .117 .117 .120 .123 .118 .119 .119 .122 .115 .115 .106 .108 .109 .112 436 229 286 233 395 718 2,254 3,136 .114 .121 '/10.638 2,309 1,328 7,211 1,190 6,021 6,540 4,574 1,062 7,203 6,124 4,169 7,555 975 6,581 5,593 3,720 6,953 885 6,069 4,998 3,253 789 5,739 4,278 2,790 6,538 645 5,893 4,212 2,834 7,865 717 7,149 5,205 3,968 9,556 1,074 8,482 7,060 5,807 9,976 1,346 8,630 7,697 6,383 9,814 1,427 8,387 7,768 6,363 9,279 1,435 7,844 7,590 5,918 8,652 1,404 7,248 7,385 5,591 7,905 1,334 6,570 6,825 4,992 .274 .385 .296 .415 .305 .415 .301 .415 .299 .415 .299 .411 .300 .405 .312 .408 .323 .415 .321 .415 .299 .415 .290 .415 .278 .393 19,685 9,836 16, 285 5,903 16,539 5,460 13, 657 3,729 14, 566 3,258 13, 731 3,517 14,128 4,315 15,529 5,876 16,935 5,174 12, 466 4,910 15,489 9,489 15,392 8,799 21, 745 12,316 .053 .061 .062 .061 .059 .061 .063 .064 .064 .064 .058 .056 .055 .067 .073 .074 .073 .072 .072 .074 .078 .083 .075 .071 .070 •106,000 144,429 404,000 112,883 • 3,795 6,218 • 92, 500 104,597 130, 284 98,810 6,000 100,265 90,496 73, 531 5,504 70, 381 89,164 78, 254 6,585 61,842 94, 521 84, 486 7,282 77,913 93,013 87,921 6,151 86,948 110,885 102, 292 101,310 97,435 102, 066 96, 507 84, 239 87,685 4,554 6,499 5,399 3,969 97, 972 97, 331 104, 720 100,528 92, 807 90, 390 4,118 91,860 187,333 297,866 93, 275 103,500 297, 776 333,991 111, 926 115,255 234,457 96,103 212,369 COTTON MANUFACTURES Cotton yarn: Prices, wholesale: 22/ls, cones (Boston) dol. per lb__ 40/ls, southern spinning* dol. per lb_. Cotton goods: Cotton cloth: Exports§thous. of sq. y d . . ImportsJ# thous. of sq. yd— Prices, wholesale: Print cloth, 64 x 60 dol. Sheeting, brown, 4 x 4 (Trion mill) dol. per yd— Cotton cloth finishing:* Production: Bleached, plain thous. of yd__ Dyed, colors thous. of yd.. Dyed, black thous. of yd_. Printed _..thous. of yd— Stocks:* Bleached and dyed thous. of y d . . Printed thous. of yd— Spindle activity:t Active spindles thousands.. Active spindle hours, total millions of hours. Average per spindle in place hours.. Operations percent of capacity. 94,012 23,124 23,854 23, 041 22,704 22,312 7,320 256 6,055 197 85.4 6,087 199 83.3 5,102 168 75.0 5,155 171 73.5 195, 421 199.328 205,719 203,494 197,107 88, 292 93, 795 95, 790 107, 382 105,464 R A Y O N A N D SILK Rayon: Deliveries:* Unadjusted.. 1923-25=100.. 433 274 417 381 Adjusted... 1923-25=100.. 416 264 439 477 3-mo. moving average of adjusted index 1923-25=100.. 495 327 393 ImportsJ# . . t h o u s . of l b . . 551 39 16 12 Price, wholesale, 150 denier, " A " grade (N. Y.) — - d o l . per lb._ . 57 58 .55 .55 Stocks, imported, end of month thous. of lb._ Silk: Deliveries (consumption) bales.. 34,564 39, 757 38,361 33, 728 Imports, raw {# thous. of lb_. 4,647 4,905 5,545 5,201 Prices, wholesale: Raw, Japanese, 13-15, N . Y..dol. per lb__ 1. 682 1.391 1.418 1.376 Silk goods, composite _dol. per y d . . 0) .92 .92 .92 Stocks, end of month: World visible supply A bales.. 220, 577 207,000 190,700 United States (warehouses) bales._ 42, 018 37, 587 36,762 42,018 b • Revised. As of Dec. 13 'Estimated. 5, 545 185 76.4 107,893 »101,739 a 4,140 • 95, 274 I 198, 508 103,179 183,292 22,684 23,193 23,194 23, 391 23, 324 23,337 23,176 6,184 207 93.9 7,445 251 103.8 6,897 233 101.1 6, 804 233 103.8 7,714 266 111.9 6, 736 233 105. 2 7,264 252 108.1 477 487 517 454 422 399 499 392 447 611 423 346 22, 047 110.9 l 433 570 550 513 583 419 494 462 464 522 520 60 501 107 465 241 468 145 514 509 473 557 522 312 .55 .57 .57 .57 .57 .57 .57 57 238 237 235 231 229 44,166 5,562 41, 715 6,344 45,156 6,708 48,167 8,218 37, 012 6,061 35. 559 6,365 38,995 6,275 1.447 .92 1.705 .95 2.084 1.00 2.092 1.00 1. 958 1.00 1.950 .97 0) 32, 053 5,518 1. 784 0) 36, 000 3,480 1.733 0) 199, 500 214,000 236,000 233,000 228, 000 199,500 51,458 54,941 i 56.511 64, e 32,654 37,381 I 38,680 46,777 53, t dd A s of ofJan. Jan.16. 16. As » Discontinued / As of Dec. 1. * New series. Hosiery compiled by the National Association of Hosiery Manufacturers and estimated to represent 95 percent of the industry. For complete series see p. 19 of the September 1935 issue. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry, comparable figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at end of each 4-week period. Data on cotton yarn, southern spinning from January 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1923-April 1935 were shown on p. 19 of the June 1935 issue; these data are compiled by Textile Organon. 1 For revisions for crop years 1931-32, 1932-33, 1933-34, and 1934-35, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, p. 53 of the October 1934 issue, and p. 57 of the October 1935 issue, respectively. t For revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32, 1932-33, 1933-34, and 1934-35. see p. 20 of the February 1933 issue, pp. 52 and 53 of the November 1933 issue, p. 53 of the October 1934 issue, and p. 57 of the October 1935 issue, respectively. § For 1932 revisions see p. 53 of the June 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue; 1934 revisions are shown on p. 19 of the December 1935 issue. # See footnote on p. 37 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue; data also revised for 1934, see p. 20 of the December 1935 issue. • Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data at the end of succeeding 4-week periods. t For 1932 revisions see p. 53 of the June 1933 issue, for 1933 revisions see p 20 of the October 1934 issue, and for 1934 revisions see p. 20 of the December 1935 issue. A This series has been superseded by a new series which excludes stocks held at Milan, London, Canton, and Shanghai. Monthly data from January 1922-March 1936 will be shown in a subsequent issue. For data on new series for 1935 see p. 57 of the May 1936 issue. 58 SUKVEY 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 1936 April June 1936 1935 April June May July 1936 Decem- January Febru- March August SeptemOctober November ary ber ber TEXTILE PRODUCTS—Continued WOOL Consumption: Total, grease equivalent basist thous. of lb__ b55,387 Apparel class, scoured basis*__thous. of lb__ "20,588 Imports, unmanufactured§# thous. of lb__ 23,883 Operations, machinery activity:* Combs, worsted percent of capacity.. 74 Looms: Carpet and rug percent of capacity.. 50 Narrow percent of capacity.. 36 Wide percent of capacity.. 76 Spinning spindles: Woolen percent of capacity.. 82 Worsted percent of capacity.. 60 Prices, wholesale: Raw, territory, fine, scoured dol. per lb._ .88 Raw, Ohio and Penn., fieeces_dol. per lb_. .37 Suiting, unfinished worsted, 13 oz. (at mill) dol. per yd.. 1.782 Women's dress goods, French serge, 54" (at factory) dol. per yd.. 1.114 Worsted yarn, 2/32s, crossbred stock, Boston _.dol. per lb_. 1.30 Receipts at Boston, totalA thous. of lb_. 20,495 Domestic thous. of lb_. 6,071 ForeignA--thous. of lb.. 14,424 Stocks, scoured basis, end of quarter:*! Total thous. of lb_. Domestic thous. of lb__ Foreign.. _thous. of lb_. Combing _ thous. of lb_. Clothing thous. of lb.. 62, 066 21,818 15,459 b b 70,617 25,444 15, 778 h 80,428 b 28, 388 15,932 66, 648 * 74,781 23, 575 * 26, 592 18,760 20,361 80,293 28,994 21,952 k 78, 727 * 29, 565 23,498 k 72,993 «• 27, 528 18,041 » 73,367 fc 27, 730 18,467 b b b b 73,908 28, 223 21,167 64,193 24, 488 21, 212 b b 53,460 20, 369 25, 298 113 116 115 103 111 113 124 125 108 107 117 88 58 27 59 28 76 50 25 77 53 24 78 60 31 85 52 33 78 54 42 84 53 44 89 45 43 90 46 48 90 52 44 90 50 38 83 71 89 72 94 67 103 67 97 67 106 81 104 83 93 73 95 62 96 68 85 59 .26 .75 .30 .76 .30 .76 .31 .78 .33 .81 .32 .84 .39 .84 .39 .87 .39 .92 .42 .93 .42 1. 510 1.522 1.609 1.609 1.609 1.603 1.624 1.708 1.733 1.733 1.733 1.742 .990 .990 1.015 1.015 1.015 1.027 1.040 1.052 1.064 1.064 1.101 1.114 1.05 8,951 7,141 1,810 1.06 19, 701 17, 246 2, 455 1.08 44,346 41,809 2,537 1.10 72,156 67, 598 4,557 1.10 37,957 33,981 3,978 1.11 23, 832 19, 385 4,446 1.25 18, 525 11,803 6,722 1.29 19, 214 10,982 8,232 1.30 12.875 5,285 7,590 1.31 17, 524 6,410 11,113 1.33 18,581 4,576 14, 006 1.33 22, 258 4,845 17,413 .64 .23 143, 484 127, 729 15, 755 110,313 43,171 156, 689 137,817 18,872 111,770 44,919 103, 642 59,167 44,475 60, 327 43, 315 113,337 84,401 28,936 69,193 44,144 MISCELLANEOUS PRODUCTS Buttons, fresh-water pearl: Production pet. of capacity.. Stocks, end of month thous. of gross.. Fur, sales by dealers thous. of dol_. Pyroxylin-coated textiles (artificial leather): Orders, unfilled, end of month thous. linear yd.. Pyroxylin spread thous. of lb. Shipments, billed thous. of linear yd. 51.9 8,003 3815 45.9 8,258 2,301 37.6 8,188 2,782 29.0 8,005 2,326 22.3 7,688 3,185 36.5 7,403 3,390 43.7 7,215 3,069 50.2 7,215 2,145 52.8 7,136 1,186 48.9 7,151 1,214 45.0 7,925 2,493 53.7 7,956 3,761 2,459 5,647 5,118 2,654 4,600 4,328 2,368 4,280 4,606 1,974 3,274 3,645 1,898 3,587 3,534 2,176 4,471 4,032 2,589 4,692 4,412 2,592 5,125 4,616 2,300 4,152 4,084 2,154 3,895 3,845 2,033 3,951 3,715 1,943 f 3,894 [3,876 2,475 5,121 4,689 152 112 23 17 118 59 20 39 107 61 9 37 119 51 50 18 136 72 39 25 201 93 84 a 53.4 7,989 4, 045 TRANSPORTATION EQUIPMENT AIRPLANES Production, totalf Commercial (licensed) f Military (deliveries) For export number..j number.. number.. number.. 134 76 34 24 156 106 20 30 217 148 35 34 144 171 138 19 14 129 83 9 37 AUTOMOBILES || Exports: Canada: 3,726 6,356 7,603 6,499 3,931 Automobiles, assembled, totaLnumber__ 5,576 6,607 4, 573 4,829 5,070 5,995 4,777 5,515 5,194 3,108 1,607 5,088 3.643 2,629 3,639 5,143 3.276 3,579 4,100 Passenger cars number.. 3,537 4,087 United States: Automobiles, assembled, total c? 28,012 19,895 12, 703 26, 433 14, 580 30, 529 25, 654 26, 270 25,026 20,073 25, 959 28.920 number.. 26,053 18, 341 13, 604 16,517 14, 752 10,076 5,622 22, 491 7,471 17,736 15,867 18.921 Passenger carsrf number.. 17,723 16, 046 8,092 8,038 9,753 10, 274 9,997 8,330 9,999 6,291 7,081 Trucks c?__ number.. 7,109 9,787 10,276 9,913 Financing: <g) 74,188 113,026 107, 821 106,174 113,125 100,761 90,191 88, 649 87,169 143, 515 77, 651 Retail purchasers, total thous. of doL. 97, 508 67, 631 42,179 66, 913 62, 661 73,058 56, 284 55,232 94,664 71, 665 46,114 60, 531 New cars -thous. of doL. 64, 605 38, 227 37, 237 31,122 37, 929 28,708 31, 868 31,432 48,044 40,274 37,011 30, 718 31,906 Used cars . thous. of dol._ 1,963 2,039 2,025 820 951 887 997 1,186 1,089 Unclassified thous. of doL. 498 505 ! 807 Wholesale (manufacturers to dealers) 159, 930 132,074 118, 732 119,100 92,918 39,700 thous. of dol._ 75,907 132, 315 149,728 118,872 113,830 I 154,147 " Revised. *> Preliminary. # See footnote on p 37 of this issue. * Since July 1934 report has been on a weekly basis. Data for September and December 1934 and March, June, September, and December 1935, and January and April 1936 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. * New series. Wool stock series began in June 1934. See p. 20 of the July 1935 issue for earlier data and explanation of new wool consumption series. * Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed normal (currently based on the single-shift performance over the 5-year period 1928-32). The current data represent practically complete coverage of the industry. Since December 1934 no allowance has been made for holidays. AForeign receipts beginning January 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." X Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool is multiplied by 2 and pulled wool by 1 ^ . Includes clothing and carpet wools. See note on apparel class wool on p. 20 of the July 1935 issue. As this grease series will probably be dropped in favor of the more accurate scoured series, it is suggested that those who wish to keep series going have their names placed on Bureau of the Census mailing list for the monthly wool consumption report, from which can be computed the present data, using formula given. § For 1932 revisions see p. 53 of the June 1933 issue, for 1933 revisions see p. 20 of the October 1934 issue, and for 1934 see p. 20 of the December 1935 issue. <J Data revised for 1932, see p. 54 of the June 1933 issue. Data revised for 1933, see p. 20 of the September 1934 issue; and for 1934, p. 19 of the December 1935 issue. || Index of sales of new passenger cars is shown on p. 26 of this issue. t Data for 1935 revised. For revisions see p. 53 of the April 1936 issue. ® Of the 282 identical organizations reporting originally 8 discontinued financing in January, 2 in February, 2 in March, 5 in June, 1 in July, 2 in August, 1 in September 1 in October, and 2 in December, 1934. 59 SUKVEY OF CURRENT BUSINESS June 1936 1935 1936 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 April April May June July 1936 DecemOctober NovemAugust September ber ber January February 38 32,120 42 23, 932 March TRANSPORTATION EQUIPMENT—Continued AUTOMOBILES-Continued Fire-extinguishing equipment:! Shipments: Motor-vehicle apparatus number.. Hand-type number.. Production: Automobiles: Canada, total ..number.. Passenger cars number__ United States, totalf number.. Passenger carsf • number-Trucks f number.. Automobile rims thous. of rims__ Registrations: New passenger carsf number.. New commercial cars* number.. Salss: 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.. 53 32, 753 47 29,796 40 34, 585 54 34,692 47 29, 571 38 32,534 49 28,362 59 31, 556 65 27,587 53 25, 516 52 31, 203 7,692 13,496 24,951 24,123 20,702 15,745 5,323 8,313 13, 775 13. 302 13, 268 17,974 13,069 5,524 3,819 12,042 20, 247 20, 688 17,030 12, 276 7,128 11, 370 11, 261 10,853 9,471 14,488 502, 775 '452, 930 *361,107 '356,340 '332,109 '237,400 « 87, 540 '272,043 »395, 059 404, 528 '364, 004 '287, 606 '420, 971 417,133 '387,158 >305,547 '294,182 *274, 344 •181,130 « 56, 097 '213, 310 '336, 914 '343, 022 '298, 274 '224,816 '343, 523 85, 642 ' 65,778 « 55, 560 « 62,158 ° 57, 765 « 56,270 « 31,443 «58, 733 « 58,145 « 61, 506 « 65, 730 «62, 790 « 77,448 1,052 2,258 1,804 1,428 798 1,654 1,907 1,561 1,339 1,912 1,877 1,261 1,841 319,650 46,785 293,199 280,360 47, 968 48,243 285,178 51,243 233,851 50,355 200,117 143,909 229,467 184,059 194, 695 152,946 109,051 137,782 134, 597 181,188 105,159 150,863 108,645 167,790 139,021 127,346 124, 680 103,098 66,547 39,152 22,986 105 350,000 57,000 147 132 119 114 92 156 110 144 132 132 148 83 102 103 131 82 113 95 138 81 85 126 124 75 157,098 148,389 41, 390 43,243 129 135 91 220,262 37,616 237,194 38,000 215,782 43,760 176, 668 '296, 722 40,301 52,000 68,566 136,859 122,198 102,034 127, 054 182, 754 185, 698 '158,572 97, 746 147,849 150, 010 131,134 96,134 181,782 144, 874 196, 721 116, 762 162,418 132 135 135 145 123 149 137 150 141 148 147 139 80 155 160 107 73 156 170 114 85 127 160 116 84 160 120 109 97 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 lb._ 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 cars.. Orders, unfilled, total cars__ Equipment manufacturers cars.Railroad shops cars.. Shipments, total cars._ Domestic cars.. Locomotives, industrial electric (quarterly): Shipments, total... number..! Mining use number..,! Locomotives, railway: Orders, new number. . Orders, unfilled, end of month: j Equipment manufacturers (Census), total number.. Domestic, total number.. Electric number.. S team number.. Railroad shops (A. A. R.)...number.. Shipments: Domestic, total number.. Electric number.. Steam number.. Exports, totalf number.. Electric number.. Steam number.. Passenger cars: Orders, new, placed by railroads number.. Orders, unfilled (end of quarter) number.. Shipments, total number.. Domestic number.. 172,517 1,778 253,125 14.5 2,193 44,966 9,610 21.4 60 103 181,396 180, 559 180,114 1,883 1,873 1,868 284, 728 283,310 276,535 15.4 15.4 15.0 2,231 46,192 10, 537 22.8 62 106 2,228 46,099 10,582 23.0 63 156 2.222 45,910 10, 541 23.0 57 246 179,556 179,203 1,861 1,857 281, 262 285,320 15.3 15.6 2,222 45,883 10, 557 23.0 92 119 2,219 45,821 10,403 22.7 60 122 600 1,447 533 914 334 162 2 1,477 549 928 1,031 401 5,151 2,427 414 2,013 66 66 2,215 45,686 10,335 22.6 86 221 2,212 45,610 10,187 22.3 43 119 176, 727 175, 772 173,507 1,827 1,817 1,791 269,984 266, 876 256,511 15.0 14.9 14.6 2,211 45,565 10,127 22.2 53 108 500 2,173 427 1,746 40 38 100 7,259 5,841 1,418 17 17 110 7,440 5,775 1,665 29 27 2,206 45,375 9,914 21.8 54 241 2,199 45,179 9,825 21.8 81 284 172, 939 '172, 620 1,784 1,780 254,598 249,246 14.5 14.2 2,197 45, 088 9,556 21.2 46 138 •40,509 41,405 41, 986 3,650 15,683 7,035 8,648 2,168 2,066 178, 703 178,125 1,851 1,842 284,427 273,125 15.5 15.0 810 6,432 4,514 1,981 1,281 1,281 25 4,489 2,798 1,691 1, 755 1,754 10, 030 12, 715 5,224 7,491 1,912 1,912 2,194 45, 009 9,642 21.4 53 132 40,186 1,050 11,315 4,444 6,871 746 746 7,236 12, 629 4,052 8,577 430 430 627 13,478 5,471 8,007 189 186 58 58 15 101 95 33 62 12 85 79 76 3 1 95 90 33 57 12 70 0 0 0 4 0 50 37 65 4 4 ELECTRIC TRUCKS AND TRACTORS Shipments, industrial, total Domestic Exports .number.. number. J number. .I 112 99 13 72 117 114 3 115 103 12 100 74 26 89 86 3 ° Revised. * New series. For earlier data see p . 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars. t Revised series. For earlier data see p . 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; exports of locomotives for 1932; p . 55 of the June 1933 issue for 1933, see p. 20 of the September 1934 issue, and for 1934 p . 19 of this issue. Data on automobile production revised for 1933. See p . 55 of the August 1934 issue. For revised data for 1934 see p p . 55 and 56 of the June 1935 issue. Data for 1935 and 1936 through March revised. Revisions not shown above for 1935 are as follows: United States, total, Jan. 289,728; Feb. 332,231; M a r . 425,913; passenger cars, J a n . 227,554; F e b . 273,576; M a r . 359,410; trucks, Jan. 62,174; F e b . 58,655; M a r . 66,503. • Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies. J United States and Canadian dealers, plus overseas shipment. 60 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 June 1936 1936 1935 April DecemAugust SeptemOctober November ber ber April May June July 1936 January Febru- March ary TRANSPORTATION EQUIPMENT—Continued 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: Tonnage 154 20 20 20 31 72 76 77 82 21,321 8,024 12,640 8,543 22,026 15,801 5,928 2,189 4,530 957 4,305 45 15,860 8,464 9,266 1,707 4,617 2,660 thous. of gross tons.. 119 36, 651 8,017 119 17, 576 10,242 133 18,429 17, 297 137 20, 89£ 13, 386 135 323 119 263 124 359 14£ 39/ 330 1,283 268 1,198 393 1,543 53 * 1,82C CANADIAN STATISTICS • Business indexes:* 108.8 Physical volume of business 1926=100— 109.2 Industrial production, t o t a l . .1926=100.. 26.8 Construction t ^ A 1926=100— 225.4 Electric power... 1926=100106.0 Manufacturing -1926=100124.0 Forestry 1926=100.. 187.2 Mining t 1926=100107.7 Distribution —1926=100.. 82.8 Carloadings 1926=100.. «>23.9 Exports (volume) 1926=100.. 82.7 Imports (volume) 1926=100125.1 Trade e m p l o y m e n t 1926=100.. 115.8 Agricultural m a r k e t i n g . . 1926=100.. 116.8 Grain marketings 1926=100— 111.0 Livestock marketings.. 1926=100Commodity prices: 79.8 Cost of living index c? 1926=100.. Wholesale price index # 1926=100— 72.2 Employment, total (firstof m o n t h ) . 1926=100.. 97.4 Construction and maintenance. 1926=100__ 71.8 Manufacturing 1926=100. 101.1 128.2 Mining 1926=100.. 118.5 Service 1926=100. 121.0 Trade 1926=100. 78.5 Transportation, — 1926=100Finance: Banking: 277.4 Bank debits . . . m i l l s , of dol 78.5 Interest rates .1926=100.. Commercial failures* number. Security issues and prices: New bond issue?, total t thous. of dol._ 103,186 3.76 Bond yields percent.. 116.0 Common stock prices, total f-1926=100— Foreign trade: 57, 964 Exports _.thous. of dol Imports thous. of dol— 42, 223 Exports, volume: Wheat thous. of bu_. 6,752 Wheat flour . . t h o u s . of bbl Railway statistics: Carloadings—_ thous. of cars.. 193 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 2,164 mills, of kw.-hr.. 54 Pig iron .thous. of long tons— Steel ingots and castings 107 thous. of long tons._ Wheat flour. thous. of bbl 98.3 97.7 35.6 195.9 94.0 99.0 156.4 100.0 79.1 81.5 71.5 121.0 91.8 91.7 92.0 103.2 104.4 35.8 198.1 105.1 108.7 147.6 100.5 73.4 84.1 84.0 121.2 86.3 85.4 90.6 99.2 99.7 41.3 197.4 98.4 105.7 138.4 97.8 70.6 69.9 74.6 122.6 106.1 112.3 78.2 103.0 104.0 55.4 199.4 101.7 100.7 135.3 100.2 75.0 78.6 79.8 122.3 164.7 183.4 80.4 107.9 110.3 66.5 206.2 102.7 111.8 165.8 101.3 72.1 100.3 80.5 122.8 163.9 181.2 86.6 101.9 102.5 49.3 191.9 100.0 103.7 144.7 100.1 69.6 92.7 77.6 123.6 114.2 119.5 90.2 107.2 109.5 50.7 198.0 105.4 114.5 169.6 100.7 71.0 88.6 85.4 122.8 86.6 86.1 88.7 110.0 113.5 37.0 199.0 118.5 114.8 146.3 100.2 66.8 77.1 93.7 124.1 43.3 36.4 74.3 106.2 108.8 23.6 197.6 112.5 118.9 160.8 99.3 66.5 69.5 70.2 128.8 34.0 27.4 63.5 105.2 107.0 95.3 197.1 96.1 106.7 144.4 100.3 72.1 84.3 76.3 124.0 39.8 29.5 85.7 104.9 104.9 52.6 196.0 96.2 111.3 186.2 104.8 78.4 99.3 78.9 127.3 62.7 53.9 102.2 78.6 72.5 93.4 80.2 93.9 117.7 111.4 117.4 76.3 78.6 72.3 95.2 84.7 95.6 116.2 116.4 119.3 80.1 78.8 71.5 37.6 89.5 98.4 119.2 118.5 119.9 79.9 78.8 71.5 99.5 101.1 98.5 121.5 123.6 122.1 82.7 79.4 71.6 101.1 104.7 99.8 125.2 127.9 120.7 85.4 79.6 72.3 102.7 110.0 100.8 128.6 127.8 121.8 85.8 80.4 73.1 106.1 117.4 103.3 129.5 120.5 123.8 86.4 80.6 72.7 107.7 110.9 103.5 132.5 117.1 124.6 84.5 80.6 72.6 104.6 95.9 101.4 131. 1 116.3 131.0 84.0 80.7 72.9 99.1 74.8 96.8 129.9 118.0 135.9 77.9 80.4 72.5 98.4 74.4 98.5 129.4 116.4 121.6 78.2 2,367 80.8 107 3,132 78.5 101 2,710 80.4 109 2,545 80.2 110 2,498 79.7 94 2,426 88.3 2,908 85.4 115 3,022 80.8 107 2,992 85.5 2,767 78,489 3.87 86.4 68,091 3. 76 93.6 82,243 3.85 93.8 60,311 3.84 92.4 123,263 3.82 94.7 195,994 4.23 93.6 66, 724 4.09 96.1 147,080 3.87 105.8 2,932 82.7 112 121, 372 3.96 107.4 133, 384 4.10 112.9 138, 853 3.86 120.7 38, 296 36, 637 62,947 54, 540 52, 763 46, 732 57, 786 48, 414 71,700 49, 560 66,152 44, 689 85, 749 52, 751 70, 565 38, 569 54,417 40, 590 60, 198 41,597 5,027 277 185 11,990 383 6,495 430 9,158 395 21,698 377 17,273 396 28,919 501 85, 317 55, 958 26, 575 525 17,044 444 7,557 314 14, 241 340 188 186 195 197 221 251 214 174 173 24, 482 20,563 2,990 24, 529 21, 839 1,781 24,049 22,455 691 26,187 22, 754 2,442 25,520 23,435 1,134 29, 585 23,436 5,380 32, 279 23, 598 7,730 27,154 20,854 5,290 26,656 21,333 4,289 22,234 21,440 22, 597 21,187 339 1,797 125 1,720 124 1,860 134 2,041 157 1,784 185 2,712 137 2,937 108 2,240 101 1,934 140 1,763 117 1,814 117 1,881 43 1,923 45 1,816 45 1,792 51 1,851 54 2,163 46 2,143 65 2,157 71 2,091 61 1,938 69 73 1,164 73 992 82 1,161 95 1,825 94 1,604 100 992 1,919 54 91 1,535 957 93 1,019 180 • Statistics in this section, with few exceptions, are from the Dominion Bureau of Statistics, Ottawa. 1 Data 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. f Revised series. See p. 55 of the April 1934 issue, construction and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue. New bond issues revised for the year 1935; see p. 60 of the April 1936 issue. # Number of commodities changed from 502 to 567 beginning with month of January 1934. ef 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 of the October 1934 issue.b Exports for April 1936 are not comparable with other months, as nonmonetary gold is included. d Deficit. • Data for 1935 revised. For revisions see p. 60 of the May 1936 issue. U . S . GOVERNMENT PRINTING OFFICE: 1936 INDEX TO MONTHLY BUSINESS STATISTICS Page Abrasive paper and cloth 54 Acceptances 31,32 Accessories, automobile 59 Advertising 25, 26 Africa, United State* trade with 37 Agricultural products, cash income received from marketing* of 23 Agricultural wages, loans 31 Air-conditioning equipment 51 Air mails 26 Airplanes 38, 58 Alcohol, denatured, ethyl, methanol _ 39 Aluminum 52 Animal fats, greases ._ 39,40 Anthracite industry 22,29,45,46 Apparel, wearing 28,30,57 Argentina, United States trade with; exchange; flaxseed stock 33,37,40 Asia, United States trade with 37 Asphalt 47 Automobiles 22, 26, 27, 28,30, 58,59 Babbitt metal . 52 Barley 43 Bathroom fixtures. 50 Beef and veal— 44 Beverages, fermented malt liquors and distilled spirits 42 Bituminous coal 22,30,46 Boiler and boiler fittings __ 50 Bonds, prices, sales, value, yields 35,36 Book, publication. _ 54 Boxes, paper, shipping _ 54 Brass.---......... .. 53 Brazil, coffee; exchange, United States trade ;• with — 33,37,45 Brick 1 56 Brokers loans 32 Brottse—_—--.-.-------.-.--..«. 53 Building contracts awarded . . . 24,25 Building costs 25 Building materials . 48,49 Business activity index (Annalist) 22 Business failures 32,33 Batter _ 42 Canadian statistics 60 Candv. 45 Canal traffic — 38 Capital issues . 35 Carloadings 22,37,38 Cattle and calves _ 44 Cellulose plastic products, 41 Cement . . -. 22,27,28,30,56 Chain-store sales 26,27 Cheese ; 42 Chile, exchange, United States trade with.. 33,37 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! 23,24,45 Coke 46 Collections, department stores 26 Commercial paper. _ 31,32 Conimunications.......... 38 Construction: Contracts awarded, indexes _ 24 Costs 25 Highways 25 Wage rates _ 31 Copper 52 Copper wire cloth ... 53 Copra and coconut oil.... 40 Corn _ 43 Cost-of-Iiving 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..... . 36 Douglas fir .___ 48 Earnings, factory 29,30,31 Eggs 23,44 Electrical equipment 52,53 Electric power, production, sales, revenues. 22,41 Electric railways 37 Employment: Cities and States 28, 29 Factory... 27,28, 29 29 - Noronanufacturmg. . . . . 29 Miscellaneous........... 38 Emigration III. 50 Enameled w a r e . . . . . . . . . . 25 Engineering construction England, exchange;, United States trade with. 33,37 Exchange rates, foreign.. . 33 Expenditures, United States Government. _ 34 Explosives... 39 Exports 36,37 Factory employment, pay rolls.. 27,28,29,30,31 Failures,commercial 32,33 Page Fairchild retail price index 23 Fares, street railways 37 Farm employees 29 Farm prices, index 23 Federal Government, finance 34 Federal-aid highways. 25, 29 Federal Reserve banks, condition of 32 Federal Reserve member bank statistics 32 Fertilizers 39 Fire-extinguishing equipment 59 Fire losses 25 Fish and fish oils 40,45 Flaxseed 40 Flooring, oak, maple, beech, and birch 48 Flour, wheat 43 Food products.. 22-25, 28, 30, 42 Footwear , 47, 48, 55 Foreclosures, real estate 25 Foreign trade, indexes, values 36,37 Foundry equipment 51 France, exchange; United States trade with. 33, 37 Freight cars (equipment) 38, 59 Freight carloadings, cars, indexes 37 Freight-car surplus 38 Fruits. __ ___ 23,42 Fuel equipment 51 Fuels 45,46,47 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, 24,43 Gypsum 56 Heels, rubber 55 Hides and skins 24,47 Hogs 44 Home loan banks, 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 payment 36 Interest rates 32 Investments Federal Reserve member banks. 32 Iron, ore; crude; manufactures 22,49 Italy, exchange; United States trade with__ 33,37 Japan, exchange; United States trade with_ 33,37 Kerosene 47 Labor turn-over, disputes 29 Lamb and mutton 44 Lard _ 44 Lead 52 Leather 22-24,28,30,47 Leather, artificial. 58 Liberty bonds 35 Linseed oil, cake, and meal 40 Livestock 23,24,44 Loans, agricultural, brokers', time, real estate___ 31,32 Locomotives . 59 Looms, woolen, activity 58 Lubricating oil 47 Lumber * 22, 24, 27-29, 48, 49 Lumber yard, sales, stocks 48 Machine activity, cotton, silk, wool 57, 58 Machine tools, orders 51 Machinery _. 27,28,30,51,52 Magazine advertising 25 Manufacturing indexes 22 Marketings, agricultural 23 Maryland, employment, pay rolls 30, 31 Massachusetts, employment, pay rolls 30, 31 Meats 44 Metals 22-24, 27, 28, 29, 30, 49-53 Methanol 39 Mexico: Silver production 34 United States trade with 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 28-31, 38 New York Stock Exchange.. 35,36 Notes in circulation 32 Oats 43 Oceania, United States trade with 37 Ohio, employment 29 Ohio River traffic 38 Oils and fats 39,40 Oleomargarine 40 Page Paints 41 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, 28-30,46-47 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 51,52 Purchasing power of the dollar 24 Radiators 50 Radio, advertising 25 Railways; operations, equipment, financial statistics 37,38, 59, 60 Railways, street 37 Rayon 57 Reconstruction Finance Corporation, loans outstanding 34 Refrigerators, household „ 52 Registrations, 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 22-24,28,30,55 Rye 43 Sanitary ware 50 Savings deposits 32 Sheep and lambs 44 Shipbuilding 22,27,28,30,60 Shoes 22,24,28,30,47,48 Silk 22,23,24,57 Silver. 22,34 Skins 47 Softwoods 48 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 (see individual commodities). Stocks, issues, prices, sales 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 Tin and terneplate 23,24,51 Tires _ . 22,24,28,30,55 Tobacco 22,25,28,30,45 Tools, machine 51 Trade unions, employment 29 Travel 38 Trucks and tractors, industrial electric 59 United Kingdom, exchange; United States trade with 33,37 Uruguay, exchange 33 United States Steel Corporation 31,36,50 Utilities 29,30,34,35,36,41,59 Vacuum cleaners 52 Variety-store sales index 26 Vegetable oils 39,40 Vegetables 23,42 Wages 31 Warehouses, space occupied 26 Waterway traffic 38 Wheat and wheat flour 23, 24, 43 Wholesale prices 24 Wisconsin, employment, pay rolls 29,30,31 Wood pulp 53 Wool 22,58 Zinc 22,52 A NEW REVIEW OF THE WORLD CHEMICAL INDUSTRY 2 0 0 PAGES PRICE (lN LOTS OF 1O0 OR MORE -25% DISCOUNT) COVERS 4 0 COUNTRIES DISCUSSES" NEW DEVELOPMENTS NEW PROCESSES • PLANT EXPANSION % CARTELS • EXPORT BOUNT/ES AND OTHER GOVT. ASS/STANCE • BRANCH FACTORIES % FOR£/G/V TRADE • ETC. PLASTICS SOLVENTS PIGMENTS PAINT OILS NAVAL STORES m GUMS - WAXES RESINS AND BALSAMS INDUSTRIAL CHEMICALS AND CHEMICAL SPECIALTIES INSECTICIDES DRUGS -MEDICSNALS -AND TOILET REQUISITES DYES-COAL TAR PRODUCTS, ETC. #