Full text of Survey of Current Business : March 1934
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MARCH 1934
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 14
NUMBER 3
PRESERVE THIS ISSUE
Owing to the lack of printing funds, it is not possible to publish
the 1934 ANNUAL SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS.
Every effort has been made to complete the 1933 statistics with
this issue, but, in a few instances, December data are still lacking. If
you do not keep a complete file of the SURVEY, it is suggested that
the missing figures be posted in this copy as soon as they are available. Thus, this number will afford a convenient source of reference
for the year 1933, and, together with the March 1933 issue and the
1932 ANNUAL SUPPLEMENT, will afford a complete record of all
series, excepting the new series that have been added and those that
have been revised since the publication of the last annual supplement. For a complete file of the new and revised series, it is necessary to have the special tables which have been presented in the
issues starting with September 1932.
Number 3
M A R C H 1934
V o l u m e 14
W E E K L Y DATA THROUGH
M A R C H 3,
1934
MONTHLY DATA THROUGH J A N U A R Y
SURVEY OF
CURRENT BUSINESS
P U B L I S H E D BY
U N I T E D STATES D E P A R T M E N T OF C O M M E R C E
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1930-34
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Chemical industries
Forest products
Iron and steel
Textiles
Page
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
SPECIAL ARTICLE
New Index of Variety Store Salas
17
STATISTICAL DATA
Weekly business statistics
21
Monthly business statistics:
Business indexes
Commodity prices
22
23
STATISTICAL DATA—Continued
Monthly business statistics—Continued
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
Index of revisions made in December 1933 issue
General index
Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year, which includes the 12 monthly numbers, the 1932 annual
supplement, and the 52 weekly supplements. Single-copy price: Monthly, 10 cents; weekly, 5 cents; annual, 40 cents.
Foreign subscriptions, $3, including weekly and 1932 annual supplements. Make remittances only to
Superintendent of Documents, Washington, D.C., by postal money order,
express order, or New York draft. Currency at sender's risk.
Postage stamps or foreign money not accepted
41683—34
1
Page
24
25
27
30
34
35
36
38
39
42
44
44
45
47
48
49
51
52
52
54
55
56
Inside back cover
SURVEY OF CURRENT BUSINESS
March 1934
Business Indicators
1923-25=100
INDUSTRIAL PRODUCTION
160
INDUSTRIAL
PRODUCTION
160
100
100
TOTAL
s*^ l(ADJUSTED.
4
40
FACTORY EMPLOYMENT AND PAYROLLS
100
CONSTRUCTION CONTRACTS AWARDED
200
160
"PAYROLLS (UNADJUSTED)
- EMPLOYMENT ADJUSTED)*
100
40
TOTAL FREIGHT CAR LOADINGS
FREIGHT CAR LOADINGS L.C.L
160
100
40
40
WHOLESALE PRICES
DEPARTMENT STORE SALES
ZOO
160
100
100
'FARM PRODUCTS
40
200
VALUE OF EXPORTS
VALUE OF
IMPORTS
200
100
-ADJUSTED
200
BANK DEBITS OUTSIDE NEW YORK CITY
160
FEDERAL RESERVE MEMBER BANK LOANS"
100
9
ADJUSTED FOR SEASONAL VARIATION
40
1930
* REPORT/KG MEMBER BANKS
SURVEY OF CURRENT BUSINESS
March 1934
Business Situation Summarized
conditions improved moderately during
BUSINESS and the weekly statistics reveal further
January,
gains in February. The expansion in industrial production has been greater than the usual seasonal rise
for this period, and the statistics of carloadings also
show a favorable trend in primary distribution.
Retail sales data indicate a decline in January of about
the usual proportions, following the greater-thanseasonal increase of December. Construction contracts awarded have tended to lag since December,
and the seasonally adjusted index has declined following the rapid rise in the last 4 months of 1933.
Foreign trade statistics reveal a decrease in exports
in January and a rise in imports.
Increasing output in most of the major manufacturing industries, and the larger production of coal,
resulted in an advance of 3 points in the adjusted
index of industrial production in January to 78 percent of the 1923-25 average. Production was substantially higher than in 1933 and was 7 percent above
1932. Iron and steel output increased very slightly
in January, but a fairly rapid rise in operations was
reported in February. Textile mill activity improved
following the December drop, although some branches
of the industry were still working on curtailed schedules. Despite the mechanical difficulties experienced
in the industry, the adjusted index of automobile
production moved sharply higher. Other relatively
large increases were reported for food products,
tobacco manufactures, and cement production.
Lumber production increased slightly, and the upward
movement continued in February.
Employment arid pay rolls declined between midDecember and mid-January, mainly as a result of large
seasonal declines in the nonmanufacturing industries.
The change in factory employment was in accord
with the seasonal trend, while the slight drop in factory
pay rolls was less than the usual decline in this interval.
Preliminary February data indicate an improvement
in private employment and pay rolls in that month.
Commodity prices have tended upward in recent
weeks, and the wholesale commodity price index was
nearly 5 percent higher in the week ended February 17,
than in the third week of December. Retail prices and
the cost of living also advanced in January
Financial markets during February were featured by
the heavy inflow of gold from abroad following the
official devaluation of the dollar to 59.06 percent of
its former gold content. As a result of this movement,
excess reserves of the member banks have exceeded a
billion dollars, a record total. Government expenditures during the month were very large, a considerable
portion of the funds being devoted to direct relief, and
to employment relief through the C.W.A. Bond
prices have continued to move higher, while the movement of stock prices was irregular with declines predominating in the latter part of February. The new
capital market has continued inactive and flotations,
aside from Government loans, have made an insignificant total.
i1 l
3
Year and month
a
3
&
c
e8
j»
C
i
13
§
I
®«
ft-d
S3
£3 P
ft*
a> e«
2?
V jf
*
<
Merchandise, I.c.I.
Total
•o
o»
3
I
0
1
%
3
•5*
rt
1
so
f
VJ
5
^
en
3
1
J3
c
•d
5
I
1
-U
I
1
Monthly
average,
1926=100
Monthly average, 1923-25=100
1930' January
1931: January
_
1932:
January
_ _ _ _
December
1933:
January. _ _
February
March
April
May
June
July
August
September
October
November „
December
1934:
January
105
110
83
89
95. 6
78. 3
94.4 !
68.4
89
74
100
82
94
83
101
90
88
81
107
99
106
64
95
56
130.2
110.0
95
71
92.5
78.2
72
66
71
64
77
77
68. 1
60.6
52.4
40.9
58
52
64
58
75
64
81
69
64
106
78
60
39
33
42
30
80.6
65.0
31
28
67. 3
62.6
71
76
74
65
76
82
89
94
93
88
84
80
65
63
60
66
78
92
100
91
84
77
73
75
64
61
56
66
78
93
101
91
83
76
71
73
73
79
81
72
78
84
90
91
87
81
81
85
59.4
59.4
56.6
57.7
60.6
64.8
70.1
73.3
74.3
73.9
72.4
71.8
39.2
40.0
36.9
38.6
42.0
46.2
49.9
55.7
57.6
57.4
53.6
53.1
51
51
48
51
56
60
66
65
68
66
61
55
56
54
50
53
56
60
65
61
60
58
60
62
65
64
63
65
68
67
70
69
70
70
68
63
69
66
62
63
66
67
70
69
68
66
67
67
49
49
50
68
67
64
49
59
73
77
75
121
60
60
57
67
67
68
70
77
70
70
65
69
31
29
28
29
32
36
43
38
40
42
42
48
29
26
26
25
32
40
48
50
48
46
40
42
61.1
52.7
48.7
53.8
58.3
65.7
70.4
62.7
61.9
66.0
60.5
67.4
22
19
14
14
16
18
21
24
30
37
48
58
61.0
59.8
60.2
60.4
62.7
65.0
68.9
69.5
70.8
71.2
71.1
70.8
85
78
76
87
71.8
52.9
58
64
65
70
57
69
44
42
66.9
51
72.2
103
82
102
81
108
87
106
84
71
60
70
58
74
73
64
64
60
67
80
91
96
90
85
78
72
69
63
63
58
68
80
93
97
89
84
77
70
67
76
75
i
Wholesale price Index, 784
commodities
Adjusted a
Unadjusted 1
Foreign
Department
store sales, trade, value,
adjusted 2
value
Freight-car loadings
Construction contracts, all
types, value, adjusted i
Factory employment
and pay rolls
i
>»
Industrial production
Bank debits outside New
York City
MONTHLY BUSINESS INDEXES
i Adjusted for number of working days.
Adjusted for seasonal variation.
SURVEY OF CURRENT BUSINESS
March 1934
Comparison of Principal Data, 1930-34
2 REMAINDER OF YEAR
JANUARY
BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS)
CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS)
STEEL INGOT PRODUCTION - (MILLIONS OF TONS)
AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS)
1000
0
1934 b|
1933
2000
H
4000
5000
i W//////////////////A
"
3000
!
1 9 32 W7/////////,
'/A
L_ , "j
'
1931
WV////////////////////ZZA
,
._.. j
'///////////////////////A
1930 BSkZFREIGHT CAR LOADINGS -(MILLIONS OF CARS)
SURVEY OF CURRENT BUSINESS
March 1934
Commodity Prices
Following declines during the 2 preceding months,
the cost of living index computed by the National
Industrial Conference Board increased slightly in
January. Changes in this index have been moderate
in recent months and while the January figure was 8.4
percent above the low of last April, this was the result
of the marked rise in the 5 months ending in September.
The retail price of food in January was 17 percent
higher than the 1933 low, but the rise in this index
covered only a 4-month period ending in August.
During the past 5 months there has been a slight decline.
As compared with the low point of 1933, the index
of wholesale prices by the third week in February had
advanced 24 percent. Farm products, which had declined to the greatest extent also recorded the largest
gain in this period, the general average increasing 53
percent. Foods increased 26 percent and all other
commodities advanced 19 percent. Among the group
included in the last-named classification, the widest
gain, amounting to 51 percent, was in textile products.
Chemicals and drugs, which gained only 5.8 percent,
showed the smallest increase.
According to the Bureau of Agricultural Economics,
the prices paid by farmers for the commodities they
purchased increased 17 percent from the middle of
March 1933, to the end of January 1934. At the same
time the prices received by farmers for their produce
increased 42 percent, resulting so far as price changes
are concerned, in an increase of 22 percent in the purchasing power of farm products.
AS a result of the widespread advance in domestic
-^*- prices since the latter part of December, the
wholesale price index has advanced rather rapidly to
the highest point in nearly 3 years. After moving
steadily higher for 8 consecutive weeks, the Bureau
of Labor Statistics' index during the week ending February 17 stood at 73.7 percent of the 1926 average,
thus recording a gain of 3 percent since late September
and 4.7 percent since the third week of December.
During the latter period there was a gain of 13 percent
in the price of farm products, a rise of 9.4 percent in
food prices, and of 1.4 percent in other products. An
advance of approximately 20 percent in livestock quotations featured the rise in the four-week period ending
February 17. This group had been a weak spot in the
final quarter of 1933, and livestock prices at the close of
the year were approximately the same as at the end of
1932.
Retail prices have not advanced since December as
rapidly as wholesale prices, according to the available
data. After remaining unchanged during December,
Fan-child's index of retail prices again moved higher
in January, the gain for the month amounting to six
tenths of 1 percent. This index, which is computed
from prices of representative department store articles,
has shown a gain of 28 percent since last April, or a
larger relative increase than occurred in the wholesale
price index. Retail food prices averaged slightly
higher during January than in the preceding month.
s
Tear and month
1!
11
?a
ii
a
Groups and sub-groups
Economic classes
I
<«
t>
I
•o
o>
%
i
92.5 92.1
1930" January
78.2 81.5
1931: January
1932:
67.3 72.1
January
December
62.6 68.4
1933:
61.0 66.7
January
59.8 65.7
February _
60.2 65.7
March
60.4 65.7
April
62.7 67.2
May
-65.0 69.0
June
68.9 72.2
July
August
69.5 73.4
September—
70.8 74.8
71.2 75.4
October
November
71.1 75.2
December
70.8 74.8
1934: FRASER
Digitized for
73.2 76.0
January
I
1
o>
03
M
£o
k
§§
1
*3
1
•«
I
W3
S3
1
tf
1
n
!1
1
o>
A en
•w -*-»
•* £
I
o
2
<9
I
I
M
•o
•d
§
l
£
§
tt
W)
&
3
I
Q
M
3
,£P
•a
fl
«a
«
*
s*
o
£
1
T3
fl
C3
s
s
M
s
£
cc
fi an
Si
<M M
1
"eS
•»»
4>
h
a
si
I
I
•M
0>
S
on
W
i
w
M
1
i
Farm, combined Index, 27
commodities
(Department
of Agriculture)
Wholesale (Department of Labor)
Cost of living (National Industrial Conference Board)
INDEXES OF COMMODITY PRICES
Retail
on
<M
O
|3
M
4*
S
•S^
t- O
p
'•£
CM
«*
ss
n
-M ^
O&y
S3
S^
ft
£
I
94.0
72.7
90.2 101.0
73.7 73.1
93.8
62.4
97.3 106.2
80.7 88.4
89.5
79.0
94.3
83.8
93.0
84.5
81.7 105.1
73.3 88.7
93.8
88.3
97.2
86.9
87.2
71.3
Mo.
Dec.
Mo. average, Mo.
1930
average, 1909 to average, (Jan. 1,
1923=
1913 = 1931) =
1914 =
100
100
100
100
i
134
155
81.3
99. 3
94
98.1
72.2
133
91.1
58.3
52.1
63.1
57.7
52.8
44.1
46.7
31.7
64.7
58.3
61.9
49.4
71.7
69.0
74.8
70.8
75. 7
72.3
67.9
69. 3
79.3
69.6
77.6
73.6
81.8
79.4
59.6
53. 0
65.6
63.4
81.4
75.1
63
52
109
99
81.3
71.8
50.2
48.4
49.4
50.0
53.7
56.2
61.8
60.6
61.7
61.8
62.4
61.9
56.9
56.3
56.9
57.3
61.3
65.3
69.1
71.7
72.9
72.8
71.4
72.3
42.6
40.9
42.8
44.5
50.2
53.2
60.1
57.6
57.0
55.7
56.6
55.5
32.9
32.7
36.0
44.8
52.8
57.4
73.4
64.6
63.9
58.2
61.3
60.4
55.8
53.7
54.6
56.1
59.4
61.2
65.5
64.8
64.9
64.2
64.3
62.5
49.5
50.2
50.5
50.3
52.3
52.4
50.8
51.0
51.5
51.0
48.2
46.0
67.3
66.0
65.8
65.3
66.5
68.9
72.2
74.1
76.1
77.2
77.2
77.5
70.1
69.8
70.3
70.2
71.4
71.7
79.5
81.3
82.7
83.9
84.9
85.6
71.6
71.3
71.2
71.4
73.2
73.7
73.2
73.1
72.7
72.7
73.4
73.7
66.0
63.6
62.9
61.5
60.4
61.5
65.3
65.5
70.4
73.6
73.5
73.4
68. 9
68.0
68.1
69.4
76.9
82.4
86.3
91.7
92.3
89.0
88.2
89.2
72.9
72.3
72.2
71.5
71.7
73.4
74.8
77.6
79.3
81.2
81.0
81.0
78.2
77.4
77.2
76. 9
77.7
79.3
80.6
81.2
82.1
83.0
82.7
83.5
51.9
51.2
51.3
51.8
55.9
61.5
68.0
74.6
76.9
77.1
76.8
76.4
61.2
59.2
58.9
57.8
58.9
60.8
64.0
65.4
65.1
65.3
65.5
65.7
73.7
72.1
71.8
71.5
72.1
72,8
75.2
76.9
77.9
78.0
77.8
77.3
51
49
50
53
62
64
76
72
70
70
71
68
95
91
91
90
94
97
105
107
107
107
107
104
71.1
69.9
69.7
69.4
70.4
72.3
76.1
82.5
86.0
87.1
88.0
88.0
64.1
71.9
58.7
63.7
64.3
48.9
78.3
86.3
74.4
73.1
89.5
80.8
85,5
76, 5
67.5
77.5
70
105
88.5
Monthly average, 1926 = 100
6
SURVEY OF CURRENT BUSINESS
March 1934
Domestic Trade
of
RETAILinsales figures for thea first monthfrom 1934
show
most instances
recession
the
December total approximating the usual seasonal
movement for the month. The dollar volume of
sales of department stores and grocery chain stores,
decreased slightly more than usual for the month,
while variety store sales fell off less than usual and the
increase in passenger-automobile sales was slightly
less than the normal seasonal rise. The unimpressive
results in automobile sales was due to the inability of
dealers to deliver cars and is not a reflection of current
sales trends, as this industry has been one of the chief
beneficiaries of increased purchasing power. February
sales totals will show a substantial rise over the corresponding figures for January. Preliminary data on
February department store sales show little change in
the total as compared with January. The indicated
gain over last year amounts to 16 percent, on a daily
average basis, or a slightly higher relative gain than
was recorded in the preceding month.
Department store sales in January were 19 percent
greater than for the same month of 1933. This increase is reduced to 15 percent when allowance is made
for the extra trading day in January of this year.
The increases in the 12 Federal Reserve districts,
based on total sales comparisons, varied from 12
percent in the Philadelphia area and 13 percent in the
New York and Minneapolis districts, to 33 percent in
Cleveland and 36 percent in Dallas. The largest gains
continue to be concentrated for the most part in
agricultural areas, although the Boston district reported an increase of 23 percent.
Estimates of general merchandise sales in small
towns and rural areas for January indicate an increase
of 45 percent in dollar volume over January 1933.
Such sales were 40 percent lower in January than in
December, as compared with a decline of 46 percent a
year ago. Rural sales for the full year 1933, measured
in dollar terms, were about 9 percent above 1932. The
year 1932, on the other hand, registered a drop of 16
percent from 1931.
A new index of retail sales of variety stores, designed
to measure the trend of consumers' purchases through
these stores, is given on pages 17-20, together with
a complete description of the index and the method of
construction.
Both the number of commercial failures and the
aggregate of liabilities involved increased in January
by approximately one fifth. The first month of the
year is the seasonal high point for failures, and the
totals continue to make a favorable comparison with
the same month of other recent years.
Advertising linage in both magazines and newspapers
fell off sharply in January, reflecting the usual decline
from December. Automotive and department store
advertising in newspapers in January were above a year
ago, whereas classified and financial advertising was
lower. Advertising by radio, as shown by the data
on the cost of facilities, has moved upward continuously
in recent months.
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Department stores
Year and month
Stocks
Sales
Unadjusted i
1
Chain-store sales
1
3
Variety stores
Combined
index Unad- Ad(19 com- just- justed
ed
panies)
Ad- Unad- Adjust- just- justed
ed*
ed 2
Monthly average, 1923-25=100
1930: January. .1931: January
1932:
January
Dec6mber
1933:
January
FebruaryMarch..
April
May
June....
. ...
July
August
September
October
November
December
1934:
January
1
Avg. same Monthly avermo. 1929- age, 1923-25=
31 = 100
100
Employment
Thousands
of dolls.
Monthly average, 1929=100
Pay
rolls
Commercial
failures
Advertising
linage
!
Unad- Adjust- justed ^
ed
Failures
Monthly average, 1923-25=
100
MilNum- Thou- Thou- lions of
sands sands
ber of dolls. of lines lines
Liabil- Maga- Newsities
zine paper
118
125
152
162
47, 168
41, 459
100.0
89.5
100. 0 i
87.5 !
94
83
101
90
2,759
3,316
61, 185
94, 608
2,505
2,001
88
76
91
79
115
226
155
117
31,975
51, 556
81.8
77.0
74.1
62.6 1
S
81
69
3, 458
2,469
96, 860
64, 189
1,570
1,641
68
61
58
57
54
53
55
57
60
64
70
70
69
65 i
80
76
75
78
78
82
86
84
85
84
83
88
100
103
110
129
126
125
123
129
137
141
136
253
135
138
121
140
130
137
142
139
151
132
130
135
26, 958
26, 176
27, 554
35, 365
37, 778
38, 986
33, 566
40, 327
43, 219
53, 550
52, 037
61, 971
75.3
74.1
73.1
73.3
74.0
75.7
76.9
79.7
82.1
83.5
83.4
83.3
61.7
58.6
57.1
56.0
57.4
57.3
59.1
60.8
62.3
66.0
64.1
64.5
65
64
63
65
68
67
70
69
70
70
68
63
69
66
62
63
66
67
70
69
68
66
67
67
2,919
2,378
1,948
1,921
1,909
1,648
1,421
1,472
1,116
1,206
1, 237
1,132
79, 101
65, 576
48, 500
51, C98
47, 972
35, 345
27, 481
42, 776
21, 847
30, 582
25, 353
27, 200
1,116
1,490
1,630
1,729
1,732
1,544
1,272
1,184
1,407
1,870
1,899
1,791
52
47
50
60
62
61
49
54
62
70
66
64
66 |
88
116
150
36,'705
83.4
63.9
65
70
1,364
32, 905
1,375
55
88
81
107
99
88
78
99
88
64
106
78
60
66
56
75
60
49
49
50
68
67
64
49
59
73
77
75
121
60
60
57
67
67
68
70
77
70
70
65
69
52
54
55
55
56
56
56
62
73
77
78
62
57
89
59
Corrected to average daily sales.
Mail
order
and
store
sales, 2
houses
Freight-car
loadings, merchandise I.C.I.
J
Adjusted for seasonal variation.
3
End of month figures.
SURVEY OF CURRENT BUSINESS
March 1934
Employment
EMPLOYMENT and payarerolls in those industries
for which current data
available declined be-
Large seasonal variations characterized the employment and pay-roll changes in many of the nonmanutween the middle of December and the corresponding facturing industries. Employment in retail trade deperiod of January. The reduction resulted mainly from clined nearly 20 percent, substantially the same prothe seasonal losses in nonmanufacturing industries. portionate drop as occurred between the months of
These data do not include the workers employed on December and January a year ago. Seasonal declines
C.W.A. projects. The number so employed averaged of over 10 percent in employment also were reported in
higher in January than in December. Available pre- the quarrying and nonmetallic mining, canning and
liminary statistics for February indicate a gain in preserving, and building construction industries. Inprivate employment and pay rolls as compared with creased activity in anthracite mining brought about an
January.
18-percent rise in employment and a 65-percent gain in
The decline in factory employment during January pay rolls for the month.
was slight, and was in accord with the usual seasonal
It was reported that during the third week in Janutrend, terminating the greater-than-seasonal declines ary over 60 millions of dollars were disbursed in wages
which characterized the final quarter of 1933. Factory in connection with the Civil Works program. The
pay rolls during the month receded by only four tenths number employed for the same week was slightly over
of 1 percent which is considerably less than the average 4,000,000. As this amount was equivalent to approxdrop during this month for the past 10 years. In imately one half of the estimated weekly factory pay
January, factory employment and pay rolls were each roll in January, its significance in terms of workers' inabout 8 percent below the 1933 high reached in Sep- come may be readily appreciated. The process of
tember. Compared with a year ago, employment and gradually decreasing the number employed on C.W.A.
pay rolls were 21 percent and 35 percent higher, projects was begun around the middle of February and
respectively.
the program calls for more to be released each week.
Among manufacturing industries, the transportation The 377,500 dropped as of March 2, reduced the total
equipment group revealed a 17-percent gain in employ- to 2,770,000, including 160,000 engaged on Federal
ment and a 21-percent rise in pay rolls, due entirely projects and under the emergency education program.
to increases of 22 percent and 27 percent, respectively,
Employment increased from December to January
in the automobile industry. As a result of the marked in 10 of the 48 States, according to the data collected
improvement in the boot and shoe industry, the leather by the Department of Labor. Michigan reported the
group reported a 5.1-percent increase in the number largest gain—an increase of 11 percent, due mostly to
employed accompanied by a 10-percent increase in the greater activity in the automobile industry.
pay rolls in January as compared with December.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
JNonmanutacturing employment ana pay roiis
and pay rolls, F.R.B.
Employment
Yrear and
month
Pay
rolls
Anthracite
mining
EmUnad- AdUnad- ployjusted justed* justed ment
Pay
rolls
Bituminous
coal mining
Power, light,
and water
Telephone
and telegraph
Employment
Employment
Employment
Monthly average,
1923-25=100
1930: January...
1931: January _-.
1932:
January
December___
1933:
January
February
March
April
May . _
June..
July
August
September..
October
November..
December...
1934:
January
Pay
rolls
Pay
rolls
Pay
rolls
Retail trade
1
Em-
ployment
Pay
rolls
wages
Tradeunion
Factory *
memCombers emmon
ployed Average Average labor
weekly hourly
earnings earnings
Percent
of total
members
Monthly average, 1929=100
"Cents
per
Dollars
hour
93. 2
76.4
95. 6
78.3
94.4
68.4
102.1
90.6
105. 8
89.3
102.5
93.9
101.4
73.3
99.6
99.2
99.7
98.6
101. 6
90.5
105. 1
96.3
98.9
90.0
99.7
89.4
80
73
27.10
23. 07
0. 588
.576
40
36
66. 3
59.6
68. 1
60.6
52.4
40.9
76.2
62.3
61.5
56.2
80.8
70.0
47.0
37.7
89.3
78.4
88.4
73.2
83.0
74.8
89.1
73.5
84.3
95.2
78.0
73.6
69
66
18. 99
16.37
.530
.407
32
32
58.1
59.2
56.7
57.8
60.0
64. 1
68.9
73.4
76.6
75.8
72.6
71.0
59.4
59. 4
56. 6
57.7
60.6
64.8
70.1
73.3
74.3
73.9
72.4
71.8
39.2
40.0
36.9
38.6
42.0
46.2
49.9
55.7
57.6
57.4
53.6
53.1
52.5
58.7
54.6
51.6
43.2
39.5
43.8
47.7
56.8
56.9
61.0
54.5
43.2
56.8
48.8
37.4
30.0
34.3
38.2
46.6
60.7
61.6
47.8
44.3
69.8
69.3
67.6
63.7
61.2
61.3
63.2
68.6
71.8
68.0
74.8
75.4
36.1
37.2
30.7
26.6
26.9
29.2
33.6
43.3
44.1
44.1
50.7
50.8
77.7
77.4
76.9
76.9
76.9
77.3
77.5
78.1
80.3
82.2 i
82.6
81.8 !
73.0
71.6
71.9
69.4
69.9
69.9
70.0
70.9
71.8
76.2
74.5
74.4
74.6
73.9
73.2
72.3
70.1
69.2
68.5
68.1
68.3
68.7
68.9
69.4
71.7
71.9
71.6
67.8
68.5
66.6
66.7
66.1
64.6
67.0
67.7
67.7
76.9
73.4
71.4
78.6
77.0
78.3
74.6
78.1
86.0
89.6
91.6
105.4
62.7
58.4
55.1
60.4
59.5
60.5
58.1
62.7
69.2
72.3
72.6
80.3
65
66
66
67
67
69
69
69
71
73
72
71
16.21
16.13
14.56
15.39
16.71
18.49
19.15
19.25
19.46
19.46
18.51
18.58
.468
.464
.460
.460
.453
.452
.455
.497
.531
.540
.545
.550
32
32
32
33
33
33
34
35
37
37
38
38
70.5
71.8
52.9 1
64.1
73.2
75.8
51.3
82.2
73.8
70.2
69.0
84.6
68.8
72
18.79
.551
37
1
Adjusted for seasonal variation.
2
National Industrial Conference Board.
8
SURVEY OF CUERENT BUSINESS
March 1934
Finance
devaluation of
January
OFFICIAL to 59.06 percent theitsdollar ongold con31, 1934,
of
former
tent and the resultant large gold inflow and growth of
member bank reserve balances have featured financial
markets during February. Gold imports assumed for
a time unprecedented proportions. In the week ending
February 24, imports paid for by the assay office, as
reported by the New York Reserve Bank, amounted to
about $230,000,000. From February 1 to February 24
the increase in the Treasury's gold stock amounted to
$322,000,000, most of which was obtained from gold imports. These imports have resulted in a large increase
in the reserve balances of the member banks which
recently have exceeded reserve requirements by approximately a billion dollars for the first time on record.
The Gold Reserve Act, approved on January 30,
while permitting the free importation of gold, subjected
the export of gold to control by the Treasury. The
President's proclamation on dollar revaluation caused
a swift realinement of values in the foreign exchange
market. During the next 2 weeks, however, the
dollar remained at a sufficiently high premium in
terms of the franc and other gold currencies to make
inward gold shipments profitable. In the latter part
of February the dollar moved downward again, and
toward the close of the month the French franc had
appreciated to a point which made the profit on gold
shipments very small.
As a result of the provision of the Gold Reserve Act,
whereunder title to all monetary gold passed to the
Government, the Federal Reserve statement was
revised so as to substitute, for the formerly reported
gold holdings, gold certificates given by the Treasury
for the gold taken over before the dollar was devalued.
After devaluation became effective, those certificates
represented the same number of dollars as before, but
represented a weight of gold smaller by the extent of
the decrease in the gold content of the dollar, the
difference being retained, under the provisions of the
act, by the Treasury.
Money in circulation showed a decrease of $142,000,000 in January, due largely to seasonal factors. Because of Treasury regulations prohibiting use of gold
coin, such coin previously reported as in circulation
was omitted on January 31 from the total of money
in circulation, thus reducing the reported circulation
figure by $287,000,000, representing principally gold
coins lost, destroyed, or exported without record.
From January 31 to February 21, there was an increase of money in circulation of $52,000,000.
Member bank loans declined during the period under
review. Investments, on the other hand, showed appreciable gains due largely to the purchases of Government securities. Member bank borrowings at the Federal Reserve banks continued to decline and fell to a
record low level of $68,000,000 by the third week of
February.
After a sharp rise in Januaiy, the movement of stock
prices became irregular during February, and in the
closing days of the month the trend was downward.
Bond prices continued to move upward during the
month. The activity in listed securities has had no
counterpart in the new capital market which remains
stagnant. The decision of the New York Central Railroad to offer to the public $60,000,000 of convertible
bonds was made known during the latter part of February. This represents the most important financing
proposal since the passage of the Securities Act of 1933.
CREDIT AND BANKING STATISTICS
Bank
debits
outside
New
York
City
Year and month
1930: January __.
1931: January
1932:
January
December
1933:
January
February
March
April
May
June
July. .
August
September
October...
November .
December
1934:
January
Net
Total
gold
bank- imDePostal
er's ac- ports
Memin- Money posits, Savings,
Reserve bank credit outstanding
ceptNew
balber
ances cluding in
York
bank
United Total
outgold circu- State ance to
credit
States deposits reserve standrelation savings of deInGovernac1 ing,
leased
vestTotal
banks positors
ment
count end of from
ments
eu
month ear- 2
1 market securities
mark
1
i
!
Thousands
Millions of dollars
of dollars
Condition of Federal Reserve banks, end of
month
Reporting member
banks, Wednesday
closest to end of
month i
Loans
All
Oil
securi- other
loans
ties
I
25, 691
21, 697
a? !~
«?HW
1
1.209
i
!
'980
394
232
294
125
479
610
2, 35(3
2,448
2,293
2,398
1,693
1, 520
4.5
46.2
4,652
4,695
4,416
4,888
175, 272
278, 353
15, 893
12,820
.
4,970
3,789
0,224
5,082
6,530
7,916
1,856
2,145
899
235
153
33
746
1,855
2,093
2,561
1,947
2,509
961
710
-47.7
171.9
5,645
5,699
5,240
5,314
665, 794
900, 796
12, 053
10, 401
9,608
10, 612
11, 509
12, 969
13, 878
12, 375
12,215
13, 027
11,927
13, 288
3,751
3,727
3,644
3,698
3,713
3,748
3,772
3,766
3,687
3,604
3,569
3,620
5,031
4,554
4,688
4,706
4,772
4,704
4,774
4,767
4,853
4,989
4,999
4,765
7,974
7,619
7,669
7,884
7,941
8,213
8,011
8,074
7,989
8,156
8,104
8,200
2,077
2,794
2, 572
2,459
2,218
2,220
2,209
2,297
2,421
2,549
2,581
2,688
274
582
426
435
302
164
167
153
128
116
119
98
31
336
305
171
20
48
9
7
7
7
24
133
1,763
1,866
1,838
1,837
1,890
1,998
2,028
2,129
2,277
2,421
2,432
2,437
2, 554
2, 236
2,133
2,380
2,394
2,494
2,544
2,675
2,748
2,885
2,796
2,865
2,446
2,141
1,949
2,132
2,167
2,292
2,294
2,409
2,438
2,685
2,573
2, 729
707
704
671
697
669
687
738
694
715
737
758
764
37,0
-169.4
-113.3
23.7
1.0
.3
.6
-.9
-7.4
-5.5
—.5
2.7
5,631
5,892
6, 998
6,137
5,876
5,742
5,675
5,616
5,632
5,656
5,681
5,811
5,317
5,269
5,220
5,164
5,113
5,130
5,085
5,059
5,079
5,049
5,029
5,064
943, 377
1, 007, 080
1,113,922
1, 159, 795
1, 180, 336
1, 187, 186
1,176,669
1, 177, 667
1,180,667
1,188,871
1, 199, 281
1, 209, 425
13, 198
3,609
4,740
8,772
» 90 cities.
2,630
83
111
771
9.4
5,669
5,067
1, 200, 981
2,434
3, 035
2,652
» Net exports indicated by (—).
SURVEY OF CURRENT BUSINESS
March 1934
Foreign Trade
clines in each of the other three major classifications
amounted to a half million dollars or less.
Principal commodities, other than tobacco, which
exports of United States merchandise amounted to showed declines during January were unmanufactured
$170,000,000 as compared with $190,000,000 in Decem- cotton, electrical machinery and apparatus, petroleum
ber. Imports for consumption were valued at $129,- and products, sawmill products, hops, and wheat.
000,000 as against $124,300,000 in December. The net The decreases ranged from $2,800,000 to $600,000.
Eight of the commodity groups of imports increased
balance of merchandise exports was $41,000,000.
The decline of 11 percent in the value of exports was in value in January as compared with December.
in excess of the usual seasonal decrease of about 4 per- Among the leading commodities, notable increases
cent, while the increase of 4 percent in the value of appeared in imports of cane sugar from the Philippine
January imports for consumption compares with a Islands, crude rubber, cocoa, vegetable oils, and undressed furs. Imports of wood and paper and of nonnormal seasonal increase of about 2 percent.
More than half of the decline in the value of domestic ferrous metals declined in value. Spirits, liquors, and
exports resulted from the decrease in shipments of wines imported for consumption aggregated $4,998,000
unmanufactured tobacco; however, only two of the 11 in January in comparison with $6,690,000 in December.
It will be noted that the detailed import statistics
major classifications of exports recorded larger total
values than in December. Exports of inedible ani- for January represent imports for consumption, whereas
mals and animal products increased from a value of previously the statistics were based on general imports.
$5,300,000 in December to $8,200,000 in January, while The January index is computed from the general
exports of machinery and vehicles advanced $200,000 import total as in the past. The reasons for the change
will be set forth in an article to appear in the next
to a value of $26,400,000.
Exports of inedible vegetable products declined issue. Those desiring an explanation more promptly
$13,300,000 from December to a value of $10,200,000 may obtain a copy of the press release on the subject,
in January; shipments of textile fibers and manufac- dated February 27, upon request. It will not be postures decreased $3,000,000, to $46,500,000 in January; sible to publish in the SURVEY detailed commodity
chemicals and related products declined $2,200,000, to data for earlier years representing imports for
$6,600,000; wood and paper products $1,500,000, to consumption. However, comparative totals for a
$7,100,000; vegetable food products and beverages period of years are being compiled and will be in$1,100,000, to $15,600,000; and nonmetallic minerals cluded with the article containing details concerning
declined $900,000, to $23,800,000 in January. De- the change.
trade
in
UNITED STATES exportincrease.declined valueboth
quantity and value during January, while import
trade recorded a moderate
The
of
EXPORTS AND IMPORTS
Exports of United States merchandise
Indexes
Total Total
eximYear and month ports, ports,
adadjusted i justed'
Exports,
including
reexports
Crude materials
Total
Total
Raw
cotton
Finished manufactures
Foodstuffs
SemiAutoCrude Food- SemimoFruits manmanmaand ufacMa- biles, Total terials stuffs ufacTotal prep- tures Total chin- parts,
tures
araery and
tions
accessories
Monthly average, 1923-25=100
1930: January
1931: January
1932:
January
December
1933:
January
February
March
_ _
April
May
June
_July
August _- __
September
October
November
December
1934: January
General imports
Finished
manufactures
Millions of dollars
106
64
95
56
410.8
249.6
404.3
245.7
103.9
58.6
72.5
31.2
57.6
35.5
9.3
10.7
50.7
34.6
192.1
117.0
56.0
37.5
29.2
14.5
311.0
183.1
109.0
59.3
63.3
42.0
68.0
36.9
70.6
44.9
39
33
42
30
150.0
131.6
146.9
129.0
49.7
52.2
36.1
39.0
23.7
16.0
7.4
4.8
18.8
15.7
54.7
45.0
11.4
9.7
6.8
5.1
135.5
97.1
38.1
28.7
38.3
28.2
26.6
16.7
32.5
23.4
31
29
28
29
32
36
43
38
40
42
42
48
44
29
26
26
25
32
40
48
50
48
46
40
42
42
120.6
101.5
108.0
105.2
114.2
119.8
144.2
131.5
160.1
193.9
184.3
192.6
172.3
118.6
99.4
106.3
103.1
111.9
117.5
141.7
129.3
157.5
191.7
181.3
189.8
169.5
42.3
31.8
29.4
28.6
35.0
40.3
51.5
42.0
63.6
82.5
71.3
73.1
60.4
29.7
20.6
18.1
16.9
26.1
29.3
36.8
28.2
45.3
54.3
48.8
44.3
41.5
16.2
12.8
13.4
11.3
13.0
13.4
15.4
16.9
18.7
23.5
24.1
24.3
22.7
4.6
3.8
3.9
2.9
3.8
2.9
4.3
5.6
6.8
11.0
9.7
8.3
8.4
15.8
13.2
16.5
15.3
17.6
18.2
21.4
20.5
21.3
24.6
24.2
28.5
25.0
44.3
41.5
47.0
47.9
46.2
45.7
53.4
50.0
53.9
61.1
61.8
63.9
61.4
9.2
8.5
9.4
8.8
9.1
9.3
10.1
10.9
11.7
13.5
16.0
15. 9
14.4
6.5
6.3
6.9
7.4
7.4
7.0
7.5
8.1
8.3
8.6
7.3
9.3
10.8
96.0
83.8
94.9
88.4
106.9
122.3
143.0
155.0
146.7
150.9
128.5
133.2
2 128. 5
27.2
21.1
23.6
21.1
24. Q
34.3
46.4
50.7
48.3
46.9
37.3
36.2
237.6
30.7
30.0
33.6
32.8
40.0
36.9
38.8
35.4
31.2
34.8
30.6
42.1
238.9
16.2
13.6
14.8
13.5
18.3
27.8
31.0
35.2
33.5
33.2
27.8
27.2
224.0
21.'9
19.1
22.9
20.9
23.6
23.3
26.8
33.7
33.6
36.0
32.8
27.7
228.0
1
Adjusted for seasonal variation.
2
Imports for consumption.
10
SURVEY OF CURRENT BUSINESS
March 1934
Real Estate and Construction
during
CONSTRUCTION contracts awardeddeclined,January and the first half of February
after
which brought the value of these contracts to the
highest level since May 1932. The value of public
works projects was slightly higher than in December.
Such contracts amounted to $103,000,000 including
unallocated C.W.A. projects amounting to $33,000,000.
Employment among union members of the building
trades improved slightly in January, when 41 percent
of the membership was at work, compared with 38
percent in December and 30 percent in January, 1933.
The statistics of employment and pay rolls compiled
by the Bureau of Labor Statistics reflect a less favorable condition for the industry as a whole. Their data
indicated a reduction of 13 percent in employment and
of 9.3 percent in pay rolls from December to January.
The survey of the National Association of Real
Estate Boards of the real estate situation recently
released indicates some improvement since the middle
of 1933. Some of the major conclusions, based on a
survey of 273 cities were as follows: (1) An appreciable
percentage of cities in all sections report a shortage of
single-family dwellings—a condition riot indicated on
their mid-1933 survey; (2) shortages are reported in
apartment space in cities under 100,000; (3) the downward tendency of rents has been checked and an upward movement started; (4) the decline in real estate
selling prices has ceased, although prices continue
around minimum levels; (5) an absolute dearth of
mortgage money supplies is reported as prevailing in
every section and every type of city; and (6) interest
rates are rising in about two thirds of the cities of
over 500,000 population.
having risen rapidly in the latter months of 1933.
The value of contracts awarded from February 1 to 15,
amounting to $59,000,000, according to the Dodge
Corporation statistics, was larger than the total for
the entire month of February 1933. Public-works
construction continues as the major source of activity,
projects classed under public works comprising nearly
60 percent of all awards in this period. Contracts
let for residential building were slightly higher in the
early part of February than in January, but the contracts in the other classes showed a large decline.
Reflecting the downward trend of awards since
December, the Federal Reserve Board's adjusted
index declined 12 percent, which compares with a
decline of 22 percent at this time last year. Although
the value of the January awards declined, the total
was nearly as large as the aggregate amount of all
contracts let in the first quarter of 1933, and more
projects were contracted for than for any January
since 1929.
Residential building in January declined by slightly
more than usual for the month, but the adjusted index
has shown no marked variation in more than 6 months.
The value of these contracts, while exceeding the total
for January 1933, continues extremely small in the
aggregate. Nonresidential construction, including factories and other commercial buildings, hospitals and
institutions, and educational, social, and recreational
buildings, showed an increase of 17 percent in January,
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
High ways under construction
ExploNasives,
Federal tional
Pub- Pubnew Maple Oak
Aid Induslic
Celic
utili- works orders floor- floor- ment High- trial
ing
ing
ways
Reties
Act covery
Act
Building material
shipments
Construction contracts awarded
F.R.B.
index
adjusted i
Year and month
AH types of
construction
Residential
building
Construction
costs,
Eng.
NewsRecord 2
Longterm
realestate
bonds
issued
Monthly av- Thouerage, sands of
1913 = dollars
100
Monthly Numaverage, ber of
1923-25= projects
100
1930: January
1931: January
1932:
January
December
1933:
January
February
March
April
May
June __
July
August
September
October
November
December
1934:
January
-
_-
_
..
1
7, 587
6,911
324
228
13.8
12.2
66.6
54.4
89.9
38.6
49.7
58.1
35, 175
29, 335
3, 596
2,384
28, 038
18, 365
4,955
4,692
213, 669
223, 508
209.0
194.5
23, 363
4, 520
31
28
_ .--
Millions of
square
feet
95
71
_ -_ - -
Millions of
dollars
4,659
4,205
85
81
6.9
3.4
27.5
13.0
4.6
6.5
19.5
36.9
19, 798
18, 985
,759
,590
11,673
4,327
3,393
2,835
203, 386
250, 978
162.5
158. 5
1,075
200
22
19
14
14
16
18
21
24
30
37
48
58 I
3,800
3,884
6,303
7,254
9,409
9,186
8,229
8,186
7,596
7,476
6, 332
7,677
83
53
60
57
77
103
83
106
120
145
162
207
3.2
3.1
4.8
5.8
8.4
8.3
7.4
6.4
6.3
6.9
6.4
5.9
12.0
11.8
16.0
19.1
26.5
27.8
23.6
21.9
21.5
21.5
23.6
23.9
8.0
4.7
2.5
2.4
5.6
5.0
4.1
19.4
3.4
7.0
6.9
34.0
34.7
12.5
15.1
11.2
13.4
19.4
14.8
32.0
57.3
85.7
104.1
99.2
17, 971
16, 510
16, 179
16, 197
16, 497
20, 327
23, 834
25, 086
25, 107
25, 084
23, 256
23,318
,496
,318
,246
2,097
2,715
4,384
4,326
3,386
2.622
3,236
2,300
3, 234
4,433
6,074
7,573
9,479
14, 549
17, 723
13, 676
12, 793
9,563
8, 624
10, 017
6, 417
2,502
2,278
3,510
4,949
6,709
7,979
8, 697
5,994
6,517
6,750
4,463
3,738
252, 372
260, 185
265, 678
269, 489
260, 736
242, 107
222, 452
191, 040
158, 443 34, 962
121, 709 92,215
90, 368 134, 491
159, 575
158.4
159.3
158.4
160.2
164.4
163.4
165.5
167. 0
175.5
187.7
190.1
192.1
0
900
0
0
0
0
0
0
0
0
0
0
51
7,729
187
3.9
15.1
10.6
103.1
28,504
3, 6(>5
5, 137
3,778
197, 088
191.3
0
Millions of
dollars
Millions of
dollars
Based on 3-month moving average and adjusted for seasonal variation.
Thou- Thousands of Thousands of feet, board sands of
barrels
pounds
measure
2 First of month.
Thousands of
dollars
:::;:::;
Feb. 1, 1934, index 194.1.
11
SURVEY OF CURRENT BUSINESS
March 1934
Transportation
in 1933, and represented the highest net income for
the month since 1931, despite the fact that loadings
than the normal seasonal amount. Loadings in the were more than one fifth lower than in January 1931.
A number of important orders for railway equipment
first 7 weeks of this year were 14 percent greater than
in the corresponding period of 1933, and were approxi- were placed early in February, and definite progress
mately the same as those in the like period of 1932. was made in starting work on the 7,000-car underFor the latest week reported, however, loadings were taking by one of the eastern roads in its own shops
nearly 5 percent in excess of the comparable 1932 when a $3,000,000 order for the necessary steel was
figure. Heavier coal loadings, partly the result of the placed. This was said to be one of the largest steel
severe weather conditions over a large area of the coun- purchases made by a railroad in recent years. While
try, have been an important factor in the recent rise. January business was in small volume, and employWith the exception of forest products and miscella- ment and pay-roll disbursements remained extremely
neous freight, January loadings for all major groups low during the month, the recent trend of new business
were higher, after allowance for the usual seasonal promises increased employment and pay rolls for the
trend. The movement of merchandise in less-than- equipment manufacturing business. The Railway
carload lots picked up during the month, and the ad- Age reports orders for 20 locomotives, 12,725 freight
justed index advanced to the highest figure since last cars, and 177 passenger cars placed early in February.
July. Despite this increase, l.c.l. loadings were 110 In addition, one of the western roads ordered three
higher than in January 1933. Increases over a year additional streamlined passenger trains, and several
ago for the other groups were as follows: Coal and important orders have been placed for air-conditioning
coke, 21 percent; forest products, 32 percent; grain equipment. These orders represent the first real
and products, 9.3 percent; livestock, 1.7 percent; and stimulation to the railway-equipment business in
many months, and in most instances have been made
miscellaneous freight, 20 percent.
Gross revenue of the carriers turned upward in possible by loans previously allotted by the Public
January following 2 months of decline from the fall Works Administration.
Rail orders placed by the carriers have not been an
peak. Net railway operating income, which increased
slightly in December due to the rise in passenger important factor in the rise in steel operations. Neverrevenues, showed the usual decline in January. theless, some important orders have been placed
The total was, however, more than twice as large as recently.
traffic
January
FREIGHTfirst halfhandled by the railroads in by more
and the
of February expanded
RAIL AND WATER TRAFFIC
passengers
carried
I
c;
3
•o
•a
-2
Year and month
i»
3
3
f
£
0?
cc
•O
«
•4«>
a
*
s
3
§«
« 3
•8
£
&
Monthly average, 1923-25 =
fi
o
02
£
TJ 03
2
PI
1
H
T3
fi
1
X
0
|
(*
«£
eu
>
2
%
Thousands of cars
!
1
$
g
100
1930: January
1931' January
1932:
January
December
1933:
January
February
March_
__ . .
April
May -_ _ - _ _
June
July .
. -.
August
September
October
_ _.
November
December
1934:
January
I'M! T «S
Canal traffic
£>S
*!
Ill
K^5-§
& o ««
isl
-SS
"£.5>H
a
fc
Thousands of
dollars
9)
M
*C
48
s
1
9
GC
-w
^
es
H
i
rt
V
1
ft
Thousands of
short tons
100
82
867.7
202.3
47. 5
33.1
40. 1
40. 7
28.4
25.6
207.0
8. 1
5.2
297. 0
240.3
393
647
2, 760
157.4
11.5
9.0
232. 8
718.3
2,203
55, 773
34, 341
57, 000
56, 000
58
52
64
58
566. 7
496. 7
115.2
125.0
5.7
5.6
18.4
13.2
31. 0
26. 5
22.1
16.6
186. 6
155. 1
2.9
1.7
184.8
152. 9
742
647
1,643
1,248
11,182
41, 000
32, 305
8,400
215
51
51
48
51
56
60
66
65
68
66
61
55
56
54
50
53
56
60
65
61
60
58
60
62
481. 1
5.2
6.2
4.5
3.4
3.8
4.9
6.6
6.7
7.0
6.7
6.4
6.7
13.9
13.7
14.6
17.2
20.8
25.1
26.8
27.2
24.7
24. 4
23.4
18.1
26.9
25.3
26.0
35.5
37.0
36.7
44.9
29.6
31.2
29.8
30.9
25. 9
17.2
15.4
13.0
16.5
16.6
15.5
15.0
16.6
20.3
23.2
20. 5
15.1
153. 4
154.6
156.1
160.5
165.3
163.6
166.4
170.0
168.4
172. 6
166. 7
148. 5
1.9
1.8
2.0
3.2
7.7
11.1
22.1
34.2
36.8
27.8
7.4
2.9
154. 1
149.4
152.7
185.2
201.2
219.0
1,158
952
872
974
951
1,201
1,224
1,351
1,392
1,256
1, 054
1,333
10, 548
19, 041
40, 693
59, 483
64, 307
60, 978
60, 936
57, 265
37, 566
37, 764
26, 375
12, 200
11, 300
210.7
181.9
692
650
681
619
553
454
393
398
380
385
441
463
13, 266
651.4
591.5
513. 1
108.4
123.1
91.4
79.5
79.6
90.5
112.1
123.5
125.0
125.0
125.5
114.1
2,000
5,700
0
0
0
696
3,490
3,582
6,050
7,690
8, 452
7,154
3,022
172
0
0
0
183
542
479
473
623
517
593
664
0
58
64
544. 4
129.8
7.7
18.3
29.4
17, 5
153. 8
3.1
184. 8
434
1,306
30,931
26, 960
0
0
489.5
460.3
500.9
532.0
566.3
621.8
625.7
640.9
2
For seasonal variation.
?
227.8
217.9
227.6
242.0
American vessels, both directions.
9,855
4
11,500
1,425
2,950
16, 500
4,900
6,800
18, 200
Thous.
of long
tons
1,198
958
89
74
i Daily average basis.
-w ~fi
Thousands
4
Financial
statistics
Pullman
i
F.R.B< index
Freight-car surplus
Freight-car loadings
Average weekly basis.
652
587
560
623
724
664
783
779
823
1,002
961
1,082
964
922
12
SURVEY OF CURRENT BUSINESS
March 1934
Automobiles and Rubber
exception of a slight temporary reWITH thearoundhasthecontinued ofanFebruary, course
cession
middle
automobile production
upward
since the turn of the year. In the week ended February 24, output reached approximately 71,000 units,
the highest weekly total since May 1931, and on the
basis of available statistics, it is estimated that production for the month of February will total at least
260,000 units for the United States and Canada,
Delays resulting from the shift to new models were
gradually overcome and January output of 161,000
units for the United States was almost twice the number reported in the preceding month. The gain in
the Federal Reserve Board's adjusted index of production amounted to 23 percent. Dealers' stocks
absorbed a large percentage of the output, and deliveries to consumers did not show the usual seasonal
rise for the month. In February some progress was
made in reducing the total of unfilled orders.
The number of wage earners employed in United
States plants increased 22 percent over December,
while the amount paid out in wages showed a gain of 27
percent. Employment and pay rolls were 41 percent
and 52 percent, respectively, higher than a year ago.
More than one fourth the total number of cars produced in January were trucks. Not since June 1930
has any monthly showing been larger, and the total
(44,729 units) was higher than the number reported for
any corresponding month since 1929. Passenger-car
output was more than double the relatively small showing in December, and the total also was higher than in
the same month of 1933 or 1932.
Exports of automobiles showed a further increase
during January. As in the preceding month, trucks
far outnumbered the passenger cars exported. This
may be explained in part by the delay encountered in
new model passenger output during the latter months
of 1933, which tended to retard shipments of passenger
cars, whereas the movement of trucks was relatively
free of this hampering influence. Excepting the
month of October, total shipments of cars exceeded
any monthly showing since the spring of 1931.
With the tire industry entering its active season,
preliminary reports indicate that production of pneumatic tires advanced 26 percent in January. The
increase in shipments was somewhat smaller and tire
stocks at the end of the month showed an increase of
approximately 8 percent over December 31.
Domestic consumption of crude rubber increased 39
percent over the preceding month, while imports increased 20 percent and were at the highest level for
any month since December 1931. The fifth consecutive monthly advance placed world stocks of crude
rubber at the end of the month at a new high level.
AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports
Automobile production
Canada
United States
Tear and month
F.R.B.
index, Total
adjusted^
Monthly average,
1923-25
= 100
1930: January..
193T January
1932:
January __ _
December
1933:
January. __ _ _
February
March
April
May
June
July
August
September
October
November
December
1934:
January
1
Taxi- Trucks
cabs
Total
Retail
By
whole- purchassale
dealers ers
Millions of
dollars
Number
Thousands
Pneumatic
tires
Crude rubber
DoDoPro- mestic mestic Imconduc- ship- sump- ports
tion ments tion,
total
Thousands
World
stocks,
end of
month
Long tons
97
63
273
172
233
138
967
512
39, 406
33, 531
10, 388
15, 293
8,588
12, 876
4,642
179, 885
126, 786
52
40
73
62
3,589
2,940
3,348
2,855
33, 002 47, 904
26, 272 36, 598
389, 041
501, 335
45
60
119
107
99
86
97
291
20, 541
21, 204
3,731
2,139
4,474
2,757
2,515
2,221
87, 493
45, 683
35
20
45
27
2,770
1,586
2,545
1,405
25, 725 33, 552
15, 631 32, 016
625, 299
621, 078
48
33
27
44
51
66
70
61
56
46
32
47
130
107
118
181
218
253
233
237
196
139
64
84
108
91
99
153
185
211
195
195
161
108
43
53
5
152
660
411
54
35
4
68
9
63
1,611
1,299
21, 761
15, 396
18, 117
27, 363
33, 649
41, 904
38, 118
41,412
35, 243
30, 469
19, 558
30, 252
3,358
3,298
6,632
8,255
9,396
7,323
6,540
6,079
5,808
3,682
7,059
2,291
3, 527
3,066
3,084
3,136
2,528
2,656
2,445
2,478
3,582
3,792
4,614
5,567
3,176
6,460
79, 821
69, 464
78, 741
119, 909
160, 242
174, 190
185, 660
178, 661
157, 976
136, 326
94, 180
58, 624
30
28
28
41
55
57
58
70
51
39
18
17
31
29
34
45
58
66
65
71
63
58
44
33
1,806
1,871
1,630
2,499
4,151
4,880
4,571
3,995
3,199
2,743
2,432
2,466
2,011
,764
,616
2,874
,077
,320
,324
3.674
2,714
1,943
1,686
2,726
19, 928
18, 825
15, 701
22, 817
38, 785
44, 654
43, 660
39, 097
31, 047
27, 758
25, 371
25, 306
30, 663
22 969
28i 475
21, 034
26, 736
23, 504
45, 243
45, 413
46, 255
46, 034
41,821
40, 751
614, 851
618, 299
622, 142
617, 490
620. 586
632, 565
619, 752
603, 711
619, 019
628. 127
646, 423
656, 228
58
161
116
321
ii, 729
6,904
3,685
7, 573
60,940
35, 159
49, 088
660, 000
Adjusted for seasonal variations.
Passenger
cars
Passen- Trucks
ger cars
Automobile
financing
New
passenger
car
registrations
6,496
5,521
5,528
5,662
5,093
4,757
5,546
6,516
6,330
5,906
3,262
1
13
SUKVEY OF CURRENT BUSINESS
March 1934
Chemical Industries
production continued
a relatively
CHEMICALduring January, althoughatthe increased
high level
demand from the rise in activity in chemical consuming industries was partially met by withdrawals of
stocks on hand. Employment in the industry continued to expand, the increase in January being contrary to the usual seasonal trend. Pay-roll disbursements were larger than in any month of 1933. Prices
showed a rising tendency, less pronounced in the
heavy chemical branches. On February 10, a code of
fair competition for the industry was approved by the
President, establishing a 40-hour work week, a 35- and
40-cent minimum wage, and appointing the newly
organized Chemical Alliance as code authority.
While the rise in employment in the chemical industries during the past year has not been as large
relatively as in some other industries, the chemical
group is the only one in which the Federal Reserve
Board's index has exceeded 100 percent of the 1923-25
average. The major part of the increase of one third
in the number employed in the industry took place in
the late summer and fall, with less important monthly
gains being recorded toward the end of the year. In
January, the fertilizer and paint and varnish sections
of the industry recorded the greatest employment
gains.
The gain of a sixth in the volume of chemical industry pay rolls which took place from May to October in
1933 was maintained in the last quarter of the year,
and there was a further improvement in January.
The major increases in January were in the paint and
varnish, explosives, and fertilizer divisions, while
decreases were registered in the rayon and allied
products, druggists7 preparations, cottonseed oil, cake
and meal, and soap branches.
Prices of chemicals and drugs as a group made a
slight gain in January, due primarily to a sharp advance
of quotations on drug and pharmaceutical products.
Heavy chemical prices showed no important change in
January and early February and remained at about
the same level as in this period a year ago. Drug and
pharmaceutical quotations advanced 10 percent from
December to January.
Production of wood rosin and turpentine increased
seasonally in January, increasing the stocks on hand,
while receipts of gum rosin and turpentine at three
ports fell off sharply and seasonally, accompanied by a
curtailment of stocks. Naval stores prices showed a
rising tendency after the close of 1933, with a pronounced upward movement in the early part of February.
Fertilizer consumption in the Southern States,
which picked up more than seasonally in January, was
75 percent above January a year ago. A reorganization of the Chilean nitrate industry, which is meeting severe competition from synthetic nitrogen
producers, was announced in January. A strict
Government monopoly was established, with exports
restricted to the Government or a controlled corporation.
CHEMICAL STATISTICS
Employment
Electrical
energy
conUnad- Adsump- justed justed*
tion
Year and month
Stocks
Pay
rolls
unad- Manu- Raw
facjusted tured mategoods rials
ByTurprod- Explo- Rosin, penSynRewood tine,
uct
fined
wood
Ethyl meth- thetic coke, sives,
meth- pronew
anol anol
duc- orders
tion
Production
Production
Thousands of gallons
Monthly average, 1923-25=100
1930: January
1931: January
1932:
January..
December
1933:
January
February
March.. _
April
May
June
July
August... __ .
September..
October
November.
December
1934:
January
Fertilizer
Alcohol
General operations
Thous. Thous.
of short oflb.
tons
Barrels
ConTotal Nitrate
sump- imports of soda
tion 2
imports
Thous.
of short
tons
Long tons
136.7
132.0
111.1
96.6
109.3
90.4
137
130
118
108
11, 601
11, 869
327
309
471
770
4, 167
3, 083
35, 175
29, 335
40, 954
24, 488
7,510
4,757
520
340
240, 130
137, 172
89, 421
45, 840
134.3
124.3
_ _
110.6
96.2
81.7
75.4
81.9
75.2
71.4
59.8
128
121
116
117
13, 224
5,278
181
174
586
644
2,097
1,785
19, 798
18, 985
23, 196
29, 220
3,626
5,070
171
85
123, 177
47, 956
34, 137
48
126.0
130.0
115.6
121.0
127.1
135.7
152.0
152.5
159.6
160.0
161.3
162.1
76.2
77.3
78.2
82.4
78.9
79.4
84.0
89.9
96.2
99.4
100.3
100.6
76.4
76.4
75.6
77.6
80.3
82.3
87.5
92.4
95.9
99.1
99.8
100.4
60.7
60.8
60.4
60.8
61.9
64.6
67.9
72.2
74.3
78.7
78.2
78.8
122
120
123
119
112
107
109
112
120
117
111
113
112
104
99
93
90
87
85
89
104
116
121
120
6,014
9,084
8,229
9,012
9,149
10, 683
• 11, 684
12, 482
13, 968
16, 509
15, 979
15, 396
166
117
124
83
95
98
153
182
106
164
353
325
178
425
366
559
562
860
1,461
1,643
1,785
1,639
1,666
1,656
1,921
2,241
2,797
2,923
2,712
2.582
2,345
2,455
17, 971
16, 510
16, 179
16, 197
16, 497
20, 327
23, 834
25, 086
25, 107
25, 084
23, 256
23, 318
31, 188
25, 583
26, 597
24, 926
31, 045
35, 163
41, 033
42, 961
43, 213
44, 821
43, 197
40, 433
4,975
4,175
4,255
3,831
5,028
5,514
6,516
6,779
6,642
6,929
6,880
6,916
205
295
822
1,118
234
43
18
38
86
100
65
190
94, 313
90, 349
97, 507
102, 204
101, 085
105, 083
81, 207
102, 028
107, 076
123, 390
118, 139
158, 088
405
2,516
106
66
8,431
29, 921
5,308
3,943
5,248
29, 652
13, 762
23, 508
150.5
101.8
102.1
79.4
115
111
3,476
28,5G4
46, 850
7,970
358
140,337
33, 690
' Adjusted for seasonal variation.
J
Southern States.
14
SURVEY OF CURRENT BUSINESS
March 1934
Forest Products
increasing since
EMBER production inhas been to the improveDecember, partly
response
ment in the rate of incoming business. Output during
the first 7 weeks of 1934 was reported by the Code
Authority as 45 percent above production in the same
period of 1933, while new orders exceeded the cut by
4 percent. Shipments, however, were about 10 percent
less than production and there was an increase in stocks
which amounted on February 17, in the case of softwoods, to 123 average days' production. Some upbuilding of stocks was anticipated by the Code
Authority, which allocated fairly high production
quotas for the first quarter for the purpose of relieving
unemployment conditions in the industry.
Employment and pay rolls in the industry in the
middle of January show a reduction as compared with
a month earlier. Employment, after adjustment for
the usual seasonal variation, declined more than 5
percent. Despite this drop the number engaged in
January was 26 percent above the level of a year ago
and was also slightly above January 1932. Pay rolls
fell off 12 percent in January to a level 28 percent
below the 1933 high, but were 48 percent above
January a year ago.
Carloadings of forest products during January and
the first half of February have tended upward. The
increase in January shipments was, however, slightly
less than the usual seasonal rise for the month.
Wholesale lumber prices declined fractionally during
January, moving contrary to the trend in the general
wholesale price level. Lumber prices, however, had
moved up rapidly in 1933 and the current index
exceeded the corresponding figure of a year ago by 56
percent.
Activity in the Southern pine industry picked up
sharply during January. New and unfilled orders, as
well as production, showed marked gains. Production
rose 10 percent to a volume that was a fourth greater
than at this time a year ago, and 33 percent better than
2 years ago. Incoming orders in January were 41
percent above the volume received in December, and
were sufficiently above production to permit a rise of
43 percent in unfilled orders.
Marketings of naval stores fell off seasonally in
January to approximately the same quantity marketed
at this time a year ago and over a fifth above the
volume in this month in 1932. Increased activity,
accompanied by rising prices of naval stores, was
noted in the latter part of January and in early
February.
Exports of all types of lumber continued in January
at the high level reached in December. Foreign shipments in these 2 months were greater than in any
similar period since the summer of 1931, and were 38
percent above exports at this time a year ago.
FOREST PRODUCTS STATISTICS
General operations
Southern hardwoods
CarNaval load- LumLumstores, ings, ber exEm- Pay
ber
ports,
pro- ploy- rolls, mar- forest
Proall
2
duc- ments unad- ketitigsi prod- types | ducucts
tion, adtion
ad- justed'
justed 1
Year and month
i
!
ThouMonthly average, 1923-25 = 100 sands of
cars I
1930: January
1931: January
1932:
January
December
1933:
January
February. __
March
April
May
June
July
August.
September
October .
November
December
1934:
January..
79. 6
56. 3
72. 8
44.0
48. 0
37. 1 '
k1
26
23
43.9
36.8
26. 6
18.8
26. 1
70.3
18.4
13. 2
26
20
22
24
30
38
46
46
36
33
30
32
35.0
34.4
32.5
33.3
35.7
40.0
43.8
46.6
49.4
49.9
47.9
46.7
16.3
16.3
14.3 I
15.6
18.0
21.7
24.6
28.9
33.1
33.5
30.0
31.7
23.0
32.9
69.4
122.2
134. 6
135.3
125.3
101.3
96.5
81.0
78.7
13.9
13.7
14.6
17.2
20.8
25.1
26.8
27.2
24.7
24.4
23. 4
18. 1
31
44.1
24.1
31.9
18.3
97
Adjusted for seasonal variation.
UnUn- Ship- filled
filled ments orders,
end of
orders
month
Number days'
production
Millions of feet, board measure
74
48
1
UnPror w
New filled Pro- j N ew
duc- orders 2 orders, due- "
tion »
end of
month
|
UnNew filled
orders orders
Household
furniture 3
Southern pine
DougSas fir
143
206
169
614
456
49.0
40. t)
60. 5
47.9
293. 7
182. 6
251
165
253
191
189
116
68
49
120
68
356
2 ,S
16. 4
31.4
21.2
113.7
85.1
80
75
106
68
61
44
71
60
68
75
89
95
95
78
76
80
73
98
64
71
79
90
98
146
238
230 !
226
247
150
143
• 131
135
233
184
128
128
128
143
71
264
240
208
200
211
234
218
23.4
24.4
21.1
28.8
34.4
35.0
49.0
37.7
34.2
33.0
25. 6
26.4
24.3
28.3
33.6
57.3
49.5
38.6
24.5
32.8
29.5
32.9
120.9
109.7
107.9
120.4
195.2
203.7
218.9
105.6
112.8
116.4
120.9
85
78
87
89
116
121
126
133
114
104
103
96
96
76
113
113
180
159
120
118
98
91
91
73
57
55
64
67
92
88
81
71
60
55
55
53
124
98
. ......
106
103
76
154
110
.-
135
169
2 Weekly average.
-
....
3
Grand Rapids district.
21
14
11
29
18
17
6
I6
6
6
10
13
13
13
9
6
5
5
5
7
11
17
18
18
12
9
fi
10
15
SURVEY OF CURRENT BUSINESS
March 1934
Iron and Steel Industry
February,
EXPANDING consistently throughoutweek ending
scheduled steel mill operations in the
March 3 reached 46 percent of capacity, the highest
operating rate since last August. Demand for automotive steel, as well as for tin plate and miscellaneous
products, continued relatively active, although structural steel requirements for Public Works projects and
placements from the railroads have also shown a
gradual increase. Current demand reflects in large
part actual needs of consumers, rather than any wide
anticipatory buying movement such as occurred on a
large scale last summer, and more recently in December.
The failure of the industry to show the expected
seasonal increase in activity during January was
reflected in the 8 percent decline of the Federal Reserve Board's adjusted index of production. With
activity at 56 percent of the 1923-25 average level,
production was almost twice as large as in January
1933. Employment and pay rolls declined slightly
from December, and both indexes were the lowest
since last July.
Following the contraseasonal rise in December, the
expansion in steel-ingot production during January was
slight. While an increase of about 15 percent usually
occurs in January, output was little more than 3 percent above the December figure. Notwithstanding
the small gain, the tonnage turned out was about 10
percent higher than average monthly output in the
last quarter of 1933. The increase in pig-iron output
likewise was small but, as in the case of steel ingots,
production was considerably higher than in the same
month of 1932 or 1933. Twelve additional furnaces
were placed in blast during the month.
Considering the negligible change in the production
rate, the wide drop in January steel shipments of the
United States Steel Corporation (from 601,000 tons to
332,000 tons) indicated an increase of stocks during
the month. January shipments of the corporation
were about the same as last April, although ingot production in the earlier month was about one third less
than in January. This is in contrast to the movement in December when the rush to effect deliveries
before the first of the year, according to contract
requirements, brought about a considerable withdrawal from material on hand. In the immediately
preceding years for which data are available, shipments in January have invariably shown an increase
over the December level.
Recent production trends have been reflected in a
renewed upturn in prices of steel scrap. The average
prices for steel scrap at Chicago in January exceeded
the highest monthly figure of 1933. Continued advances in February brought quotations at the end of
the month to the highest point since October 1930.
At $32.42 per long ton, composite iron and steel prices
were back to the approximate level prevailing in the
fall of 1930.
IRON AND STEEL STATISTICS
General operations
Production,
adjusted i
Year and month
Iron and
st<iel
EmPay
ploy- rolls, Ex- Imment, unad- ports ports
adjusted i justed
Pig iron
Production
Furnaces
in
blast
Thousands of long
tons
Number
"
Monthly average,
1923-25=100
1930' January
193 1 : J anuary
1932:
January
December
1933:
January _
February
March
April
May
June
July
August
September
October
November
December 1934:
January
Prices
Steel ingots Steel sheets » United
States
Steel
Corporation,
Steel
finished Iron billets, Steel Finished
and Besse- scrap
ProNew Ship- prodsteel,
duc- Per- or- men ts ucts,
steel, mer (Chicomtion cent ders
ship- com- (Pitts- cago) posite
ments posite burgh)
of
capacThou- ity
Dollars
sands
Thousands of Long
Dollars per long ton
per 100
of long
short tons
tons
pounds
tons
107
71
44
42
2,827
1,714
172
102
3,778
2,512
70
44
382
181
242 1,104,168
170 800, 031
35. 64
31.70
34.00
30.00
12.69
10.22
2.46
2.22
64.0
52.8
36.3
24.2
41
54
31
29
973
546
61
42
1,485
861
26
15
121
77
113
67
426, 271
227, 576
29.98
28.93
27. 75
26.00
7.50
5.25
2.11
2.14
30
31
22
35
49
72
100
80
66
61
47
61
50.6
51.4
48.3
50.0
52.5
58.1
66.3
73.2
74.7
73.6
72.0
71.4
22.7
24.7
22.4
24.4
29.5
36.2
42.4
52.7
49.0
49.3
44.4
44.8
57
64
81
100
123
103
88
119
109
165
158
185
22
20
22
28
26
34
53
47
56
47
29
31
569
554
542
624
887
1,265
1,792
1,833
1, 522
1, 356
1,085
1,182
45
45
38
48
63
90
106
98
89
79
76
75
1,030
1,087
910
1,363
2,002
2,598
3,204
2,901
2,313
2,112
1,541
1, 820
18
21
16
25
34
46
59
49
41
37
27
33
76
81
83
119
144
247
174
159
145
79
88
no
79
73
75
100
119
153
174
174
164
175
99
112
285, 138
275, 929
256, 793
335, 321
455, 302
603, 937
701, 322
668, 155
575, 161
572, 897
430, 358
600, 639
28.00
28.31
28.35
28.16
28.45
28.73
29.81
30.04
31.30
31.59
31. 59
32.42
26.00
26.00
26.00
26.00
26.00
26.00
26.00
26.00
26.00
26.00
26.00
26. 00
5.25
5.25
5.25
6.00
8.45
8.91
10.41
10.45
9.84
9.33
8.56
8.94
2.12
2.10
2.10
2.06
2.08
2.09
2.17
2.17
2.20
2.26
2.26
2.31
56
__
224
93
28
._
90.5
62.4
43
_
93.6
77.5
69.8
42.7
178
23
1,215
87
1,997
34
209
131
331, 777
32. 42
26.00
10.50
2.31
1
1
Adjusted for seasonal variation,
• Black; blue, galvanized, and full finished.
16
SURVEY OF CURRENT BUSINESS
March 1934
Textile Industry
in the textile industries was
BUSINESSJanuary, and the declining trend ofmore
active in
production which extended over the latter half of 1933 has
been reversed. New orders have picked up, and the
statistical position of the industry has been improved by
the recent general reduction of operations. Mill curtailment, under the provisions of the codes, was effective
in several branches of the industry during January,
and tended to reduce output to an important extent.
The improvement in operations in January was
pronounced in the cotton textile industry. Cottonspinning operations showed a very marked rise, with
mill takings increasing 46 percent over the December
total, to the highest figure since last August. New
orders for cotton goods increased sharply during January, and for the first 3 weeks of the year exceeded
production by 60 percent. It was announced by the
Code Authority that unfilled orders, as of January 20,
amounting to 847,000,000 yards—an increase of 175,000,000 yards since December 1—were the largest
since the code became effective last July. Stocks on
hand, amounting to 523,000,000 yards, or 8 percent
less than in the middle of December, were thus substantially below the volume of unfilled orders and were
equivalent to less than 5 weeks' production at the
January rate of output. The yardage of cotton cloth
printed during January was about 9 percent greater
than in December. Shipments were substantially
above output, and stocks of finished print goods were
reduced by about one forth during the month.
The rise in raw-wool consumption, amounting to
about 7 percent, brought the total above that for the
opening month of 1934. The increase in spinning and
weaving activity was greater than indicated by the
statistics of wool consumption.
Production of silk goods in December was at a low
level as machinery operations were curtailed in a concerted effort to reduce stocks. Hosiery mills also
operated on drastically reduced schedules in the
5-week period ended January 22, on which date normal
schedules were resumed. Deliveries of raw silk to
mills, however, were substantially larger than in
December but were 11 percent less than a year ago.
Cloth production was sharply curtailed as indicated
by the machinery statistics for the final week of 1933,
the first week in which the 30-day restriction of output
was effective. In that week, broad looms were
operated at 35 percent of the available hours permitted
by the code, compared with 54 percent in the preceding
week. The corresponding percentages for narrow
looms were 16 and 31, respectively. The raw silk
market improved slightly in January in response to
greater buying interest at the prevailing low level of
prices. January prices averaged higher than in
December, the first increase since the rapid rise of
last spring.
Monthly average,
1923-25 =
100
1930: January
1931: January
1932:
January
December
1933:
January
February
March
April
May
June
July
August. .
September
October
November.
December
1934:
January
Cotton,
raw
ft
Cotton and manufactures
>.
!E
Ifl
o,2
§*>
a
i
Running
bales
Cotton cloth
finishing
a
la
f is
©5
&£
QC
GO
"a
is
ft
O
111
•+A «y fl
Millions of Thousands of
spindle
yards
hours
CJ §\
li
o+S
I
s
103
86
576, 160
450, 117
8. 176
6, 365
60,091
68, 380
73, 239
65, 704
94. 7
.-„
89
91
434, 726
440, 439
6, 213
6, 386
70, 341
79, 1 75
66, 464
81,933
87
83
76
85
108
133
130
114
99
91
89
78
470, 182
441, 203
495, 183
470, 359
620, 561
697, 261
600, 641
588, 570
499, 486
503, 873
475, 368
348, 393
87
508,034
_...
1
e
3
Wool manufactures
Spinning
spindles
3
Vi
1 I
1
i
i
0
V
E
43, 627
Silk
M
1
£
t»
Operations, machinery activity
ts
«e$2
®i
b. o
»"""
£
eg
El
ao
fe""
" ijT^4
t
•*!*
1*
%£*
-fe*
-=! |i§
II
Monthly av- Bales of Percent of active hours Dollars
per
erage,
133
to total
pound
1926= pounds
100
Percent of active hours
to total reported
•W
50
28
53
49
84.9
73.7
57, 683
55,910
105.6
94. 0
41.2
39.2
67.0
55.2
4.630
2.807
55
53
57
25
33
51
58
63.3
54. 2
58, 793
40, 548
88.9
83.2
41.0
34.2
50.0
55. 5
1. 953
1. 550
35, 510
33, 278
24, 943
28, 701
46, 898
58, 688
57, 377
55. 694
50, 467
51 , 037
43, 466
33, 570
59
60
42
53
77
100
108
99
82
68
63
54
56
57
32
35
72
92
96
83
69
65
60
46
36
36
28
29
46
53
54
51
48
41
39
27
59
68
43
42
66
87
97
87
73
82
64
57
53.4
53.2
53.2
53.3
61.5
68.8
72.3
78.9
82.7
84.5
84.4
84.3
46, 204
32. 665
38, 934
41,910
47, 151
53, 627
44, 597
42, 852
31, 185
28, 521
34, 822
26, 959
89.7
80.6
56.6
59.2
75.4
74.8
82.9
37.2
36.8
36.3
42.2
46.0
53.0
53.2
56.8
48.9
38.2
49.8
52.3
62.8
78.4
1.305
1.201
1.182
1.324
1.586
2. 155
2.273
1.881
1.889
1.647
1.465
1.416
35,968
70
52
34
61
84.3
40, 942
33, 856
48
55. 8
51.7
34, 253
36, 532
6,791 88, 300 80, 097
6,286 93, 773 82, 272
7,050 95, 746 80, 446
6,570 74, 463 80, 765
8,329 88, 278 81, 740
9,299 100, 479 75, 395
8,128 90, 106 72, 909
7,942 75, 329 82, 943
7,058 57, 471 92, 301
7, 261 71,669 103.371
6,796 64, 334 103, 574
5, 095
50.1
49.1
50.0
50.7
57.9
67.1
80.2
93.5
91.3
88.8
86.0
85,5
6,970
86.5
Adjusted for seasonal variation
Looms
•W
S
.
Monthly av- Thouerage, sands of
1926 = pounds
100
....
...
Wool
W h o l e s a l e price,
woolen and worsted
goods
Tear and month
Production index, adjusted *
TEXTILE STATISTICS
* Printed only (mill and outside),
i
3
Grease equivalent.
1.453
SURVEY OF CURRENT BUSINESS
March 1934
17
Index of Variety Store Sales
N THIS issue
new
index
Ichain variety is presented a This monthlyfirst ofofa
store sales.
is the
1
series of indexes of retail sales planned by the Bureau
at the request of the Executive Council, for the purpose of measuring changes in the volume of purchases
by final consumers. Other index numbers, which are
under construction at the present time, will cover
dealers' sales of new automobiles, chain grocery store
sales, and the sale of general merchandise in small
towns and rural areas.
A measure for part of the general merchandise
business already existed in the Federal Reserve Board's
index of department store sales. But these stores are
concentrated in the larger cities and represent a
relatively high price range, and their sales do not provide an adequate reflection of general merchandise
sales as a whole. Five- and ten-cent and to-a-dollar
variety stores, on the other hand, reach into smaller
towns as well as having a much lower price range.
Because of the prominence of chains and their willingness to cooperate, the practical difficulties of
collecting figures for this type of establishment are
largely eliminated. An index for these stores was
therefore constructed.
The Survey of Current Business has been publishing
for several years an index of the sales of variety chains.
However, the old index was based on the total sales of
the chain organizations, and no adjustment was made
1
This index was constructed by Walter Mitchell, Jr., and H. Haines Turner,
assisted by Miss Reba Osborne, in the Domestic Commerce Division of the Bureau
of Foreign and Domestic Commerce, under the general supervision of Dr. Willard
L. Thorp, Director of the Bureau.
for changes in the number of their store units. The
new series reflects the changes in the sales of an identical
group of retail units, thus eliminating the effect on
sales totals of expansion in the number of units by
companies within this field. Since this sample group
of stores is large enough to be representative of the
whole variety store trade, the index may be said to
measure the sales of a typical limited-price variety
store.2 It should thus indicate more accurately the
month-to-month variations in the amount of consumer-buying. While it was constructed primarily for
this purpose, it should also prove useful to the trade
itself, for it furnishes each store operator with a
standard against which to match his own sales volume.
This index does not measure the trend of the total
variety store business over a period of years. Its application to that end would involve the assumption
that the total number and aggregate size of all the retail
stores in the business remained fairly constant.
Whether this is true must await the results of the second Census of Retail Distribution now being compiled.
However, it is well-known that the large chains have
added to their number of stores during the period covered by the index. Part of this increase may constitute
an increase in the total number of variety stores, in
spite of the influence of depression, probably at the
expense of other types of retail outlets. Insofar as
this has taken place, the new index would be misleading
2 This should not be confused with "average sales per store", i.e., total sales
divided by the total number of units operating, which includes all newly opened
stores as well as the established and more typical ones.
INDEX NUMBERS (I929;-I93I = IOO)
41683—3
WITH SEASONAL
ADJUSTMENT
18
SURVEY OF CURRENT BUSINESS
as applied to long-term trends. On the other hand, for
shorter periods this type of index should provide an
accurate reflection of the volume of buying.
March 1934
cities between 10,000 and 100,000 and gives relatively
low weight to towns of less than 10,000 population.
Variety Store Distribution by Geographic Divisions and by Size of City
Nature of Data Obtained
Store
All vari- All variunits in ety store ety dollar
sample 1 units 2
sales 2
Geographic division
The problem to be solved was that of securing figures from the chains which would cover a constant
number of stores and so provide a more reliable sample.
The figures needed were obtained in two ways. The
first was the submission by each reporting organization
of the sales of a sample group of its stores which had
operated continuously during the whole period covered
and without any notable change in physical size or in
policy. The alternative way was the submission by
each company of two figures for each month, comparing
the sales of stores at least 13 months old with the sales
of the same stores in the corresponding month of the
previous year. These two methods may be known
respectively as the method of " identical samples " and
of " same-store comparisons." They serve to eliminate
the effects of expansion in either number or size of
units.
New England
..
Middle Atlantic
East North Central
West North Central
South Atlantic East South Central
West South Central
Mountain
Pacific
CanadaOther—.
12.2
26 2
23.0
9 2
_. . _ .
- .
8.6
3.7
4 6
2.3
6 6
3.4
„ .. _..
8.5
20 1
22.7
13 1
10 3
4.5
10 7
2.8
7 3
10 0
25 9
24 6
9 1
9 7
4.0
9 I
-i ^
100.0
100.0 j
100. 0
30.9
18.1
30.6
20.4
26. 1
8.4
14.9
50.6
51 6
15.6
17.5
15 3
100 0
Total .
100.0
100 0
POPULATION GROUP BY SIZE OF CITY
Over 100,000
30,000 to 100,000 ._
10,000 to 30,000
Under 10,000
. .
Total
1 Figures as of 1933.
2 These figures are taken from the Census of Retail Distribution of 1929.
NOTE.—It was impossible to obtain a break-down of the sample's dollar sales by
regions. Because of the character of the variation in sales per store in different
areas, it is believed that such a break-down would have exhibited greater similarity
to the distribution of all variety sales than is the case with the store-unit comparison.
Character of Sample
Reduction to Average Daily Sales
Although most of the contributing companies furnished figures in the form of calendar-month totals, the
index has not been computed on this basis. The different months would not be comparable because of differences in the total number of days and in the number of
Saturdays and Sundays. Moreover, some firms record
their sales either by 4- or 5-week periods, only roughly
coinciding with the calendar month or by 4-week periods fitting into a 13-month year. Therefore, it was
decided to calculate a figure representing average daily
sales for each month, resulting in a series which could
be compared from month to month without any prior
adjustment.
In computing the average daily sales from the
monthly totals, weights were assigned to the several
days of the week on the basis of the sales experience of
some of the contributing firms, and were so arranged
as to add to a total of six for each full working week.
The number of working days in each month was then
calculated by adding the weights of all the days inDollar Sales of Typical Variety Store
[1929-31 = 100]
The chain organizations which have cooperated in
supplying data for the present sample are: W. T.
Grant, H. L. Green, S. S. Kresge, S. H. Kress, G. C.
Murphy, J. J. Newberry, and F. W. Woolworth. The
total sales in 1929 of these seven firms or their predecessors amounted to $685,000,000, of which about
$665,000,000 were in the United States, as compared
with a total of $904,000,000 for all variety stores, as
shown by the Census Bureau. Since this group as a
whole has expanded during the past 5 years, it probably
represents a larger proportion of the field at the present
time. For purposes of computation the total sales
were not used, so that the actual sample includes only
the older stores of these firms, whose sales aggregated
$578,000,000 in 1929.
The individual store units comprising the sample
give representation to every section of the country
and to every State, more or less in proportion to the
distribution of all variety stores. In regard to location
by size of city, the sample weights rather heavily those
Index of
WITHOUT SEASONAL ADJUSTMENT
WITH SEASONAL ADJUSTMENT
Month
1929
January
February
March
April
May
June
July
August
September
October
November
December
Annual index
v Preliminary.
_._ .
1930
1931
1932
1933
74.7
86.2
99.0
94.7
108.5
100.9
96.0
96.9
102 6
111.5
111.2
205.4
73.6
84.3
86.4
101.5
97.7
92.2
87.1
86.4
92.5
102.1
99.8
185.2
70.3
78.9
84.5
96.0
97.0
91.0
87.4
80.6
88. 1
92.8
93.1
166. 6
66.1
72.6
79.3
77.3
82.9
77.4
70.2
68.8
78.0
81.3
81.8
132.7
61.3
65.6
64.7
77.9
78.1
79.1
74.4
76.7
82.7
86.6
86.8
153.4
107. 1
99.0
93.8
80.8
82.4
1934
70.3
P73.4
1929
100.2
103.2
105.3
102.3
108.5
106.3
107.9
109.5
107.4
109.9
109.5
111.3
1930
98.7
100.9
102.8
99.1
97.7
97.0
97.9
97.6
96.9
100.6
98.4
100.4
1931
94.3
94.4
96.1
97.5
97.0
95.8
98.2
91.1
92.3
91.4
91.8
90.3
1932
88.8
86.9
84.4
83.5
82.9
81.5
78.9
77.7
81.7
80.1
80.6
71.9
1933
82.3
78.5
75.2
77.5
78.1
83.2
83.6
86.7
86.6
85.3
85.6
83.2
1934
94.3
*87.9
SURVEY OF CURRENT BUSINESS
March 1934
eluded, and the total sales for the month were divided
by this figure to arrive at average daily sales.3
Weighting of the Seven Contributing Firms
The general plan of assembly for the statistical
material supplied by the seven different companies was
to convert the figures of each one into the form of
relatives, all on a comparable base. The several series
of relatives were then weighted as desired and combined into a single series of index numbers.
The total sales of the several firms for the year 1932
were taken as the primary weights, and minor adjustment of these, either upward or downward, was made
according to the bearing of other significant factors.
The secondary factors to which consideration was
given may be listed as follows: (1) The number of
units maintained by the company; (2) whether it
represented territory overweighted or underweighted
by the group as a whole, or perhaps included stores
located outside the United States; (3) whether the reliability of the reports as histories of consumer buying
been had affected by changes in management or by the
form in which figures were furnished.
Handling of the Various Reports—Same-Store
Comparisons
Three of the contributing companies provided reports on past sales in the form of same-store comparisons, two reported the sales of identical samples, while
the other two reports were in hybrid form based on
year-total figures for identical samples. The majority
of the firms did not provide figures further back than
1929, so that this was the earliest year for which an
index could be computed. Since September 1933 all
firms have sent in monthly reports in the form of samestore comparisons.
Figures of the latter type state the sales of only
those stores which have been in operation at least 13
months, and in addition give the sales of those same
stores in the corresponding month of the previous year.4
3 The weights given the different days are as follows: Monday, 0.9; Tuesday, 0.7;
Wednesday, 0.7; Thursday, 0.8; Friday, 0.8; Saturday, 2.1. The weights of those
week days upon which holidays fall have been subtracted from the number of days
in the months in which they occur. The six holidays on which variety stores are
generally closed are: New Year's Day, Memorial Day, July Fourth, Labor Day,
Thanksgiving, and Christmas. The following table shows the number of working
days in each month, 1929 to 1934, used for calculating average daily sales:
Month
January
February. .March
April
May
June .
July
August
September. ..- October
November
December
1929
25 5
24.0
26 9
25.6
25 5
26.1
25.5
27 7
24.0
26.2
26 1
24.9
1930
25 6
24.0
27 0
25.4
26 9
24.9
25.4
26 9
24.7
26.3
25 3
25.5
1931
26 9
24.0
25 6
25.5
24 8
25 6
24.2
27 0
24 5
27.7
24 1
25. 4
1932
26 1
24 9
26 2
26.9
24 7
25 5
26.0
26 3
24 7
27.0
24 6
26.8
1933
24 7
24 0
26 3
26. 1
25 6
25 6
26.3
26 2
26 0
25.6
24 7
26.0
1934
25 4
24 0
27 7
24.9
25 5
26 9
24.9
26 3
25 2
26.3
24 8
26.3
4
The treatment of these figures was as follows: The sales of these stores in the
current month were divided by their sales in the same month of the previous year.
The resulting percentage ratio provided what is known as a "year-link relative."
The sales of old stores were thus expressed as a relative with the same month of the
preceding year as a base. All the link relatives which are obtained by this procedure are in effect a series of index numbers, but every one has a different base.
It was now necessary to convert these links chain-fashion into an index with a
common base.
19
From these figures was constructed in each case a
series of relatives, based on the sales of all the stores
of the particular company in 1932.
The necessity of using the sales of all stores for the
1-year base period may cause a bias in the trend of
the figures within each year because of chain expansion. For this reason the year 1932 was chosen as the
year in which the least expansion occurred. The
maximum increase in the number of stores of any of
the three firms for which the same store comparison
method was used, was only V/2 percent in 1932. Therefore, it is not believed that much error was introduced
from this source.
Identical Samples
Two companies reported the histories of sample
groups of stores. That provided by one organization
included about one half of all its stores in 1933, all of
those included having been open continuously since
before 1929. The other firm's identical sample was
composed only of stores open since 1927, and these
amounted to well over one half of the total number
open in 1933.5 In these two cases it was merely necessary to divide all the monthly values by the average
month of the year 1932 in order to obtain a series of
relatives with this period as base.
Special Treatment of Two Gases
One of the firms supplied figures showing (1) the
annual sales of an identical sample of about one third
of those stores operating in 1933, (2) weekly sales of
established stores and the sales of the same stores
in the corresponding weeks of the previous year.
These weekly totals were consolidated into 4- and
5-week months, correction was made for cases where
a holiday fell within the period 1 year but not within
In order to do this, it was necessary to use the total sales of all the particular company's stores over some selected period of 12 consecutive months; an ordinary index
for 1 year was made from these, dividing each month's sales by the average for the
12-month period. In this operation the year 1932 was usually employed, for reasons
described below. Each of the 12 index numbers for 1932 was multiplied by the
relative for the corresponding month of 1933 to secure an index for each month of
1933, and they were divided by the relatives of 1932 to obtain index numbers for the
corresponding months of 1931. The index numbers for 1931, in turn, were divided
by that year's relatives to extend the index back to 1930; and so on. The result of
this process was an index based on the average month's sales in 1932.
s There was a special problem presented by the first of these two firms. It reported not only the sales of the sample mentioned above for the complete period,
1929-33, but also the sales of a larger sample, including one third more stores, for the
years 1931-33. It was decided to take advantage of this larger sample by splicing
the two series together at the beginning of 1931. The sales of the smaller sample
were reported by calendar months, but those of the larger by weeks. In order to
make the two comparable, the weekly figures were grouped into 4- and 5-week periods, and then both these and the calendar-month totals were reduced to average
daily sales. Both series were put into index form on a 1932 base, and since comparison of the two during 1931 and 1932 showed no noticeable difference in trend, but only
some discrepancy in their month-to-month variations, the shift from the first to the
second was made in January 1931, without any special adjustment.
The second of these two firms used accounting periods of 4 weeks each, cutting
across the traditional calendar. The sales figures of this firm had therefore to be
converted to a calendar-month basis. This was accomplished by first reducing the
4-week period totals to average daily sales, and then prorating these figures to the
months across which each period cut. Thus, if 15 working days in June fell in the
sixth period of the 13-period calendar, and 11 fell in the seventh period, the total
sales for June were calculated by adding 15 times average daily sales in the sixth
period plus 11 times average daily sales in the seventh period. The first 2 and last
2 months of the year generally came near enough to coinciding with the corresponding 4-week period, so that the average daily sales of the period could be used as that
for the month also. The sales of this company were not put into relatives until
after they had been converted to calendar-month totals.
20
SURVEY OF CURRENT BUSINESS
the period compared, and year-change relatives were
derived for each month. In converting these relative
to index-form, the base-period chosen as that of greatest
stability was August 1931 through July 1932. The
average index number for each year was then compared with the index number derived from the sales
of the identical sample. This showed a greater rate
of decline for the sample than for the figures based on
same-store comparisons. The difference in trend over
a 2-year interval was 8 percent. The only apparent
explanation for so large a discrepancy is that the samestore comparisons, although excluding stores opened
betwreen the dates compared, nevertheless did include
stores which might have been opened only a short time
before the earlier of the two periods compared. As
the sample was of good size, it was decided that the
trend which it indicated was the more reliable. But
the sample provided only year-totals. Consequently,
the only course open was to graft the trend of the
sample onto the monthly variations shown by the
same-store comparisons.6
The case of the one remaining firm was somewhat
similar to the one just described. The material
reported consisted of (1) the annual sales of an identical sample including over half the units operating in
1933; (2) the total sales of all stores by months. Here
it was necessary to combine the trend of the sample
and the monthly variations provided by the total
sales figures.7
e For this purpose an average multiplier was calculated for each year, representing
the correction needed to make the average month of the same-store index equal the
index number of the sample. The multiplier for 1 year, for example, was 1.0818,
and that for the next 1.0510—a difference between the 2 years of 3 percent. If the
average multiplier for 1 year were applied to every month of the year alike, and
that for the next applied to every month of that, then an abrupt drop of 3 percent
would occur between December and January. This was obviously incorrect, and
it was decided that the size of the multiplier should be graduated from month to
month so as to approximate a secular trend line, provided that the average of the
12 products in each year should equal the sample's index number for the year.
Multipliers for the various months graduated in this manner were obtained by
graphical methods, plotting the average multipliers at the middle of each year and
drawing a smoothed curve through them.
Resulting from this procedure was an index based on the period, August 1931,
through July 1932, incorporating the trend of the identical sample. Since the indexes
for the other firms were based on the year 1932, it was still necessary to convert this
index to that base. This was done by dividing each month by the average for the 12
months of 1932.
However, no same-store comparison of 1930 with 1929 had been supplied by the
company, so that this index extended back only to January 1930. In order to fill in
the year 1929, it was decided to resort to the monthly sales of all the stores of this
concern, as printed in the Survey of Current Business, and divide them by the
number of stores in operation each month. These sales per store for 1929 were then
divided by their average, converting them into relatives on a 1929 base. To place
them on the 1932 base, the ratio of 1929 to 1932 for the identical sample was used as
an average multiplier. This was applied to all months alike, on the assumption
that the trend of these figures within the year was similar to the true trend, or that
of the sample.
There remained still another difference in the case of this firm's index. It was not
developed from calendar-month totals. Each year-link relative represented a
comparison between two periods containing an equal number of working days.
However, by means of these relatives all the years were linked to the actual figures
of total sales in the base period, and these total sales were recorded by calendar
months. This meant that the index number for each month was based on the number of working days in the corresponding calendar month of the base period. Reduction to an average-daily-sales basis was accomplished by applying to every month
the number of days in this corresponding base-month.
? This was done by deriving average multipliers from the differences between the
trends (see footnote 6), and graduating these average multipliers by graphical methods before applying them to the monthly figures. After this adjustment of the trend
of the total sales they were converted to index form on the 1932 base, and were ready
for combination with the other indices computed from calendar-month totals.
March 1934
It should be remarked that the weights of the last
two firms in the final index are relatively small.
Combination of the Different Firms
At this stage of the computation there were 5 individual series of relatives based on calendar months,
namely, the 3 based on same-store comparisons, 1 of
the 2 computed from identical samples, and 1 of the 2
special cases just described. These 5 were each multiplied by their respective weights and added together.
They were then reduced to average daily sales. To
these were now added the weighted relatives of the
other 2 firms, which had already been placed on
an average-daily-sales basis.8 This provided 1 final
series combining the reports of the 7 contributing
organizations.
Selection of Base Period
The average sales per working day for the 3-year
period, 1929-31, were chosen as the base for the final
index, i.e., the average for these 3 years equals 100.
The base period, 1923-25, used for so many existing
indexes, was out of the question because the data
available did not extend that far back. The base
selected was found to have the advantage of approximate comparability with the Federal Reserve Board
index of department store sales, as the average of the
department store index for 1929-31 relative to 1923-25
is 101.7.
Seasonal Adjustment
Because of the wide seasonal fluctuations in the
variety-store business, an index adjusted for this
influence was computed in addition to the primary
series.9 The adjustment factors used for this purpose
were derived by a method similar to that used by the
Federal Reserve Board for its department-store index.10
Special adjustment of the correction factors was made
for March and April, since the changing date of Easter
affects the period in which its full influence falls.
This was also accomplished after the manner of the
Federal Reserve Board.11
These indexes will be carried regularly under the
section, " Domestic Trade ", when the next revision of
data are made in the June 1934 issue. The indexes
for the latest month, meanwhile, will be shown among
the footnotes on page 27.
s
In these 2 cases reduction to average daily sales took place after the figures were
converted to relatives based on 1932 as 100, since this was the order of procedure in
the case of the other 5.
9 The seasonal adjustment factors follow: January, 74.5; February, 83.5; March,
89; April, 97.5; May, 100; June, 95; July, 89; August, 88.5; September, 95.5; October, 101.5; November, 101.5; December, 184.5.
10
A detailed description of the method used by the Federal Reserve Board will be
found in the Federal Reserve Bulletin for April 1928. A minor change in method
of calculation was necessitated in the present instance by the shortness of the period
covered by the data. This slight modification in the measurement of seasonal
variation was designed to compensate in particular for "cyclical distortion", elimination of which is more or less automatically provided by the Reserve Board's
"ratio" method of computing seasonal indexes in those cases where data are available for a period covering a considerable number of years.
11 The adjustment factors applied to March and April were moved up and down,
depending on the position of Easter. These adjustments follow: For MarchBefore Apr. 1, +5; Apr. 1-4, +3; Apr. 5-8, -1; Apr. 9-16, -3; and after Apr. 16,
-5. For April—Before Apr. 1, -5; Apr. 1-4, -3; Apr. 5-8, +1; Apr. 9-16, +3;
and after Apr. 16, +5.
21
SURVEY OF CURRENT BUSINESS
March 10.34
WEEKLY BUSINESS INDICATORS
[Weekly average 1923-25 = 100]
1934
1932
1933
1931
Mar. Feb. Feb. Mar. Feb Feb. Mar. Feb. Mar Feb.
5
3
24
4
7
17
25 1 18
27
28
Business activity:
New York Times * #...
84.5 82.2 64.4 65.3 66.8 71.5 71.8 86.5! 85.5
BusinessWeek*!. ._ _ _ _
65.6 66.2 51. 7 50.4 52.0 58. 2 58.1 80.3! 77.9
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)... 73.6 73.4 73. 7 59. 6 59.7 60. 1 66.2 66.3
Farm products (67) _ _ . 62.0 61.2 62.1 40.0 40.8 41.9 50.9 51.2
Food (122)
67.5 67.0 67.4 53. 4 53. 7 54.3 62.7 62.9
Fisher's index, 1926=100:
Combined index (120)... 74.4 74.2 73.7 55.0 55.1 55.4 62.9 63.7 76.0 75.8
52.4 52.0 51.1 38.5 38.6 38.8 46.1 46.2 67.5 67.3
Agricultural (30)
Nonagricultural (90) _ _ 79.7 79.7 79.7 59.2 59.3 59.5 65.8 67.0 78.5 78.3
Copper, electrolytic t
56.5 56.5 56.5 34.8 34.8 34.8 41.3 43.5 72.5 73.9
Cotton, middling, spot
46.0 45.6 46.3 23.5 22.8 22.8 26.5 26.1 40.8 43.2
Iron and steel, composite-- 78.3 78.3 78.3 68.5 68.4 68.4 71.3 71.3 76.4 76.4
19.3
81.5
Construction contracts t
14.3 11.3
27.1 16.5 28.3
Distribution: Car loadings59. 8 62. 5 ~49.~8 48.2 53.7 "58.1 55.9 75.4 71.1
Employment: Detroit fac49 2
tory
90 9
68 6
81.2
Fi nance:
Failures, commercial . .
62. 2 62.7 58.7 136. 6 140. 3| 138. 3 161.9 156.5 150.9 161.9
Security prices:
Bond prices J
L02. 2 103.0 102. 6 83.2 85. 8i 88.3 89.91 89.1 107.8 107.6
Stock prices j
94.8 97.5 98. 5\ 50.31 51. 2| 54.8 78.3 76.41 167.4 174.4
1934
1933
1932
1931
Mar.l Feb. I Feb Mar. Feb iFeb Mar. Feb Mar. Feb.
,5
4
27
28
3
24 17
25
18
7
ITEM
ITEM
Finance — Continued .
Banking:
Debits, outside N.Y.C.J- 73.7 69. 1 67.7 71.8 61.2 1 4 7 . 5 76.7 68. 3 113. 7 98. 3
Federal Reserve reporting member banks :§
Deposits:
Net demand
_ - 111.6 110.1 m 87.7 93.4 95.6 91.1 91.1 113.3 113.0
Time
.. 120.9 121.0 120.3 116.6 121.3 23.7 125.7 125.4 157.9 156. 6
Loans, total
74.4 75.9 75.4 77.0 78.9 80.7 100.7 100.9 123.5 123.7
Interest rates:
24 2 24.2 24.2 43.6 24.2 24.2 60.6 60.6 36.4 36.4
Call loans t
Time loans t .
22.9 22.9 22.9 59.4 28.6 16.0 84.8 85.7 49.6 45.7
Money in circulation tX- 110.6 110.1 109.9 140.1 124.2 120.5 115.2 115.4 94.7 94.6
Production:
Automobiles.
_ _ . _ 93.7 93.1 83.6 43.5 35.0 32.7 41.1 39. 5 78.3 70.8
Bituminous coal t
81.5 78.4 51.6 60.5 73.6 56.5 64.1 75.4 74.2
Electric power f _
99.5 98.8 98.5 85.4 85.6 88.2 91.2 90.8 99. 9 98.0
104. 8 106.9 109.9 103.1 105.3 100.0 102.8 102.6 103.6 100.9
Petroleum t - — Steel ingots 1
61.8 59.2 55.3 22.4 25.0 26.3 35.5 34.2 71.1 69.7
Receipts, primary markets:
Cattle and calves *
77.9 77.6 54.9 56.6 60.4 55.6 63.3 58.5 63.0
Hogs
80.1 70.0 60.2 64.9 66.4 68.6 87.8 65.4 88.6
Wheat
41.5 45.8 51.2 60.4 71.9 65.4 101.5 75.8 66.4 57.7
Corn
25.7 28.0 28.6 44.5 33.1 24.4 63.0 104.7 117.9 93.6
,
* Computed normal = 100.
If Latest week is preliminary. t Weekly average, 1928-30=100.
i Daily average.
X See footnote (b) on next table.
# Index revised. See weekly supplement of Juris i, 1933, for explanation.
§ 1934 indexes are based on reports from 90 cities; earlier data cover 101 cities.
WEEKLY BUSINESS STATISTICS
1934
ITEM
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. perlb
Cotton, middling, spot, New York
dol. per Ib
Food index (Bradstreet's)
- . ,_dol. per Ib
Iron and steel composite. _ __
dol. per ton .
Wheat, No. 2 Hard Winter (K.C.)
dol. per bu._
Banking:
FINANCE
Debits, New York City
mills of dol
Debits, outside New York City
mills, of dol__
Federal Reserve banks:
Reserve bank credit, total
mills, of dol
Bills bought
mills, of dol
Bills discounted
.
.mills, of dol
U.S. Government securities
mills, of dol. _
Federal Reserve reporting member banks: §
Deposits net demand
mills of dol
Deposits time
mills of dol
Investments total
mills of dol
U.S. Government securities
mills, of doL.
Loans total
mills of dol
On securities
mills of dol
All others
mills of dol
Interest rates, call loans
percent-Interest rates, time loans
percent-Exchange rates:
French franc (daily av.). _ _
cents..
Pound sterling (daily av.)
dollars
Failures, commercial ..
- number
Gold and money:
Gold price (daily av.)
. __dol. per ounce .
Money in circulation
mills, of dol
Security markets:
Bond sales, N. F.S.E'-.thousands of dol. par value..
Bond prices, 40 corporate issues
dollars __
Stock sales N Y S E
thous of shares
Stock prices (N.Y. Times)
dol. per share
Stock prices (421) (Standard Statistics)
1926=100..
Industrial (351)
1926 = 100
Public utilities (37)
1926 = 100
Railroads (33)
1926=100..
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles (Cram's estimate)..
number
Bituminous coal (daily av.)
thous. of short tons..
~
Electric power mills, of kw.-hr
Petroleum
thous. of bbl . _
Steel ingots (Dow- Jones estimate). .pet. of capacity. .
Construction-contract awards (da. av.)._ thous. of dol..
Distribution:
Freight-car loadings total
cars
Coal and coke
cars
Forest products
cars
Grain and products
cars
Livestock
cars..
Merchandise, l.c.l
cars
Ore
_ _
cars
Miscellaneous
.. _ _ _ _ .cars
Receipts:
Cattle a n d calves
.
.
.
thousands
Hogs
thousands
Cotton into sight
thous. of bales
Wheat at primary markets
thous. of bu.J
Wool at Boston, total
thous. of lb._|
1932
1933
Mar. 3
Feb. 24
Feb. 17
0.078
.125
2.15
32.40
.82
0.078
.124
2.14
32. 40
.84
0.078
.126
2.11
32.42
.85
2,984
2,852
3,669
3,204
2,567
62
64
2, 432
Mar. 4
1931
1930
Feb. 25
Feb. 18
Mar. 5
Feb. 27
Mar. 7
Feb. 28
0.048
.064
1.53
28.35
.44
0.048
.062
1.49
28.35
.44
0.048
.062
1.51
28. 31
.44
0.057
.072
1.79
29.53
.52
0.060
.071
1.81
29.53
.55
0.100
.111
2.35
31.61
.70
0.102
.112
2.33
31.61
.70
0.178
.142
2.94
35.12
1.06
2,868
2,614
4,311
3,332
2,597
2,363
2,376
2,202
4,219
3,557
2,775
2,638
6,602
5,273
4,537
3,801
9, 035
6,374
2,592
75
66
2,432
2,593
86
68
2,432
2,936
384
712
1,836
2,351
174
327
1,834
2,136
31
286
1,809
1,729
116
828
760
1,734
133
835
741
908
101
191
600
904
106
190
599
1,105
486
309
486
11,398
4,370
9,215
6,249
8,185
3,520
4,665
1.00
1.00
11, 246
4,372
9,146
6,199
8, 348
3, 630
4,718
1.00
1.00
11,332
4,344
8,806
5,867
8,286
3,531
4,755
I. 00
1.00
9,996
4,315
7,619
4,631
8,281
3,727
4, 554
1.80
2.60
11,667
4,492
7,815
4,836
8,500
3,693
4.807
1.00
1.25
11,923
4,582
7,916
4,934
8,701
3, 694
5, 007
1.00
.70
10, 208
4,600
6,322
3,465
10, 975
4,851
6, 124
2.50
3.71
10, 202
4,595
6,381
3,527
10, 994
4,846
6, 148
2.50
3.75
1.50
2.17
1.50
2.00
4.00
4.50
6. 570
5.07
253
6.538
5.09
255
6.527
5.06
239
3.947
3.43
556
3.945
3.42
571
3. 928
3.44
563
3.937
3.49
659
3. 936
3.48
637
3.917
4.86
614
3. 919
3.86
659
3. 912
4.86
527
35. 00
& 5, 370
35.00
*> 5,345
35.00
5,335
20.67
6,805
20.67
6,032
20.67
5,850
20.67
5,594
20.67
5,605
20.67
4,601
20.67
4,596
20.67
4, 562
70, 300
91.55
8,303
92.02
78.0
86.1
76.9
47.5
63, 700
92.20
8,978
94.72
82.1
90.5
80.8
51.4
75, 700
91.90
10,911
95.64
80.4
88.0
81.2
50.4
69, 800
74.48
5, 365
48.89
40.9
38.7
66.8
23.9
63, 700
76.82
4,935
49.69
42.5
40.3
69.3
24.6
54, 400
79.11
4,326
53. 19
44.5
42.1
72.1
26.3
61, 067
80.51
7,794
76.02
60.0
56.4
98.8
35.5
45, 257
79.80
4,692
74.15
58.4
54.7
96.6
34.5
57, 973
96. 53
14, 377
162. 55
120.0
114.7
189.0
97.8
43, 637
96.39
19, 769
169. 34
120.3
110.7
184.0
99.1
57, 384
94.25
19, 480
226. 16
169.8
160.9
237.3
140.8
71, 510
71,047
1, 388
1, 646
2,226
45
2,657
63, 794
1,336
1,641
2,289
42
4,542
33,217
878
1,423
2, 148
17
26, 684
1, 031
1,426
2,193
19
2,292
24, 927
1,253
1,470
2,083
20
1, 808
31,390
962
1,520
2,141
27
30, 150
1,092
1,512
2,138
26
3,094
59, 750
1,284
1,664
2, 157
54
54, 020
1,264
1,633
2,101
53
10, 468
83, 068
1,428
1,750
2, 535
76
573, 371
165, 094
22, 505
27, 452
15, 291
144, 142
3, 211
195, 676
598. 896
159, 371
23, 014
30, 285
16, 467
160, 728
4,177
204, 854
477, 827
97, 029
15, 240
27, 861
14, 025
162, 052
1,364
160, 256
462, 315
108, 267
14, 272
28, 322
14, 429
143, 492
1,712
151,821
517, 529
146, 407
14, 134
26, 129
15, 509
158, 811
2,228
154,311
559, 479
100, 451
20, 489
31,371
16, 952
191, 504
2,096
196, 616
535, 498
114, 162
19, 640
32, 627
18, 375
169, 733
2,833
178, 128
723, 215
137, 093
34, 024
41,553
18, 439
220, 467
5,344
266, 295
681, 221
133, 291
33, 213
41, 050
20, 034
198, 569
5,730
249, 334
873, 716
154, 805
58, 020
40, 984
23, 545
250, 348
8,137
337, 877
240
516
119
2,228
530
239
452
133
2,277
1,038
169
388
157
3, 536
221
174
418
187
2,632
321
186
428
170
1,942
7,180
171
442
264
5,011
887
195
566
197
8,330
632
180
422
172
9,376
1,052
194
572
150
7,443
2,319
220
481
109
5,726
3, 894
~1~658~
2, 183
47
4, 347
108
2, 046
5,446
b
Mar. 8
" Preliminary.
§ Statistics cover 90 cities. Comparable figures not available prior to 1932, but adjustments have been made in indexes in the preceding table.
b
United States gold coin previously reported in circulation ($287,000,000 on Jan. 31, 1934) has been deducted from the figures of money in circulation beginning the first
week of February 1934.
22
SURVEY OF CURRENT BUSINESS
March 1934
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 the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Later data will
be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
1933
March
April
May
June
August Septem- October Novem- December
ber
ber
BUSINESS INDEXES
BUSINESS ACTIVITY ( Annalist) t
83.4
63.1
64.1
72.5
Combined index
normal = 100. _ "73.6
61.7
58.5
63.6
47.9
Automobile production
normal = 10G_ . <» 58. 7
47.7
31.7
27.0
40.9
128.2
135.2
Boot and shoe production
normal =100 _
93.5
101.3
94.6
104.6
65.2
61.4
57.0
56 5
51 4
55 2
55 3
Carloadings freight
normal = 100
49.2
40.2
36.9
Cement production
... normal =100
36 7
36.0
34.8
140.3
88.8
112.3
Cotton consumption
normal=100__
82.9
80.2
81.1
83.8
87.4
93.0
90.6
Electric power production
normal=100_.
82.3
82.6
80.0
84.0
47.1
59.5
35.2
Lumber production .
normal = 100. . » 54. 5
40.7
34.0
38.8
43.1
42.7
27.8
Pig-iron production
normal = 100. .
20.1
16.8
19.5
19.8
91.4
105.4
60.6
73.2
57.4
64.0
83.6
Silk consumption
normal =100
69.3
47.9
26 5
33 1
19 5
Steel ingot production
normal = 100
48 8
28 2
114.6
146.5
52 4
74 0
72 0
68.8
Wool consumption
.normal = 100
42.2
51.2
39.9
62.1
35.4
42.5
Zinc production
_ .normal = 100..
39.7
INDUSTRIAL PRODUCTION (F.B.B.)
76
80
91
Total unadjusted
-- .1923-25=100
67
64
64
60
Manufactures unadjusted
1923-25=100..
93
75
80
63
63
58
68
64
75
48
Automobiles
1923-25= 100..
33
57
40
35
64
23
34
50
30
24
29
Cement
1923-35=100
a 84
102
'94
98
°92
°82
99
Food products
1923-25-100
120
92
61
96
59
Glass plate
- ... 1923-25=100
78
68
72
54
53
29
25
39
33
Iron and steel
1923-25 = 100
101
91
110
Leather and shoes §.
- 1923-25=100
87
80
93
32
40
Lumber
1923-25 = 100
23
23
26
30
20
P94
P102
*84
Paper and printing
1923-25=100..
82
88
P86
153
147
Petroleum refining
-1923-25=100
132
132
135
140
139
118
Rubber tires and tubes
1923-25= 100. _
45
76
54
58
31
20
112
31
Shipbuilding
1923-25=100..
64
129
108
126
92
P88
Textiles
..1923-25 = 100..
78
p91
88
145
147
94
Tobacco manufactures
1923-25 = 100. .
104
107
131
107
82
76
65
Minerals unadjusted
1923-25—100
71
74
85
76
43
57
Anthracite
1923-25=100..
63
57
89
68
45
74
50
57
Bituminous coal
1923-25=100
63
46
67
51
21
30
Iron ore shipments
1 923-25 = 100
42
36
41
45
Lead...
1923-25 = 100..
46
46
137
136
108
Petroleum, crude
1923-25 = 100.. v 114
102
120
108
29
23
36
Silver
1923-25=100
36
33
48
46
53
47
Zinc
1923-25-100
41
46
46
70
P 78
92
78
Total, adjusted
1923-25=100
65
66
63
60
93
78
Manufactures, adjusted
.1923-25= 100. _
66
64
61
56
P 76
44
51
66
27
Automobiles
-- 1923-25=100
58
48
33
49
42
51
35
Cement
.
1923-25 = 100
38
41
40
gf]
99
100
101
Food products
1923-25—100
88
84
84
88
118
54
55
Glass, plate
1923-25 = 100..
88
63
104
72
49
35
22
Iron and steel
1923-25 = 100
31
30
56
114
110
93
Leather and shoes §
. 1923-25 = 100
92
84
86
30
38
22
24
Lumber
1923-25=100..
26
20
34
*92
*101
P82
Paper and printing
1923-25=100..
P85
84
P84
154
147
140
Petroleum refining
1923-25= 100..
132
132
135
94
115
65
Rubber tires and tubes
1923-25=100..
41
54
59
25
16
32
144
Shipbuilding
1923-25=100...
91
181
133
108
85
76
Textiles
1923-25=100
87
83
87
135
143
Tobacco manufactures...
1923-25 = 100_ . P138
116
113
115
99
84
78
72
Minerals, adjusted
1923-25=100...
81
73
79
P87
65
43
44
53
64
Anthracite
1923-25=100
77
82
64
57
55
Bituminous coal1923-25=100...
51
57
63
67
14
15
Iron ore shipments
1923-25—100
41
37
45
Lead
1923-25 = 100...
40
45
45
134
134
Petroleum, crude
1923-25 = 100
122
108
P 118
107
110
24
30
44
36
Silver
1923-25=100..
30
36
55
45
45
Zinc
- - 1923-25=100
44
39
43
66
INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY
Consumption by geographic sections:
92.9
104.5
84.4
Total, United States
1923-25=100..
75,3
96.0
81.9
85.8
97.3
108.8
Middle Atlantic
1923-25=100
80.8
86.3
85.7
91.8
99 3
85.7
104.7
New England
1923-25 = 100..
70.2
73.8
75.5
79.8
96.8
89.1
97.8
North Central . .
1923-25=100
79 8
67 8
92 8
76 3 !
80 5
103.9
121.3
Southern
1923-25=100
99.8
90. 1
99 3
85.9
103 3
111 6
107.0
103 2
•* Western
1923-25-100
102 0
95 8
115 2
100 0
Consumption by industries:
104.5
Total, all industries
1923-25 =100
92.9
84.4
75 3
81.9
85 8
96 0
Automobiles, including parts and acces65.5
58.9
sories
1923-25=100..
61.2
54.8
63.3
59.2
42.6
Chemicals and allied products
127.1
135.7
1923-25=100.. 150. 5
121.0
126.0
130.0
115.6
126.2
136.0
Food products
1923-25=100..
107.5
101.5
119.7
106.0
112.5
100.2
93.5
Leather and products
1923-25=100... . 88.7
81.4
82.5
95.0
83.6
91.3
98.3
Lumber and products
1923-25=100...
90.4
91.0
89.5
96.0
84.7
0
Revised,
t Revised series. For earlier data see p. 19 of the October 1933 issue.
§ Series revised, For earlier data see p. 19 of the January 1934 issue. Revisions did not change the combined
by a slight amount.
9 Preliminary.
July
89.5
67.8
133.0
66.2
56.2
138.3
96.9
71.1
64.4
85.2
92 7
144.0
66.4
83.6
64.6
116.0
62.3
47.5
121.3
94.6
72.5
64.9
71.3
75.9
120.3
70.1
«76.5
60.7
«98.7
60 6
34.4
97.6
92.7
56.7
54.7
52.0
62 9
105.2
70.9
72 4
51.3
101 2
59 0
31 5
90.4
"89.3
«52 6
45.0
49 6
54 9
102 4
71.1
«68.5
29.9
95.4
59 4
33.9
83.8
88.4
48.3
37.2
59 2
41 9
92 3
65.7
96
97
73
68
97
148
93
114
45
p].03
154
140
28
121
126
89
55
69
81
34
135
29
66
100
101
70
56
100
150
100
116
46
85
84
62
46
99
113
65
106
37
v 105
157
98
20
p99
128
93
75
69
131
54
129
37
73
84
°84
56
37
105
112
66
92
36
P 104
157
103
20
p99
115
87
74
65
68
57
125
39
77
78
77
41
40
86
59
102
34
p!02
152
79
28
Q4
P
116
88
71
67
108
66
122
33
75
77
76
46
35
85
73
61
93
33
P99
152
90
39
P91
108
81
55
61
63
64
120
33
77
72
70
20
38
97
53
44
89
29
p98
146
73
36
p93
97
84
75
72
19
74
115
36
70
155
143
19
130
117
90
67
76
40
36
132
34
71
90
89
67
65
a
88
137
79
113
49
P102
153
110
22
J»108
131
94
61
74
117
35
136
28
71
91
91
61
50
95
135
80
102
46
* 106
153
111
15
pl!4
123
91
61
75
57
36
134
28
77
112.9
119.3
110.1
107.8
125.7
118.3
106.2
114.4
108. 1
101.5
114.8
111.7
107.7
116.4
110.4
104.1
121.3
112.8
112.9
106.2
66.6
63.7
152.0
149.8
102.7
102.0
152.5
133.3
101.2
99.7
9 111
a 72
71
39
92
55
47
«69. 6
41.6
93.0
62.2
34.8
68.5
"89.8
<* 51.9
'42.1
51 5
54 3
78 9
60.5
69
67
a 27
28
89
83
53
•» 81
29
p 92
138
75
32
p74
99
80
67
69
29
68
115
32
68
a
75
73
47
36
86
111
61
a 02
a 94
30
P 95
145
97
41
p89
95
81
73
65
23
71
116
33
72
32
p97
137
108
41
p78
123
85
68
66
102.0
113.7
105.0
96.7
112.0
113.3
o 101. 8
112.0
104.0
a
94. 1
113.3
116 9
« 95. 5
« 104. 3
« 95.3
a
90.3
a
107. 5
0
115 ?>
107.7
102.0
« 101. 8
« 95 5
61.8
52.1
M9.3
55. 5
159.6
137.0
92.4
100.3
160.0
120.3
91.2
100.6
161.3
« 125. 0
89.3
104. 6
162.1
a
107. 3
85. 5
"97.8
67
119
29
67
indexes except for a few months and in these instances
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
23
1933
March 1 April
1
May
June
July
August Septem- October Novem- December
ber
ber
BUSINESS INDEXES—Continued
INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY— Continued
msumption by industries— Continued.
Metals, group
1923-25=100—
Electrical apparatus
1923-25=100..
Metal-working plants
1923-25=100Rolling mills and steel plants
1923-25=100Paper and pulp.—
1923-25=100—
Rubber and products
1923-25=100Shipbuilding
.1923-25=100—
Stone, clay, and glass
1923-25=100—
Fextiles
.1923-25=100-
0
75.7
99.4
«77.5
75.0
97.1
77.8
58 4
74.0
52.8
64 2
83.3
58.4
50.5
75.0
50.5
58 0
89.4
55.3
65.5
104.1
63.7
75.3
106.9
72.6
85.3
114.0
79.6
80 7
108.4
76.4
83.8
115.2
80.6
80.7
111.7
79.0
76.8
118.3
126.5
91.0
74.3
99 5
54.7
104.4
85.2
83.5
58.5
85 0
60.6
111.0
91.0
89.2
67.2
84.1
50.5
95.2
68.0
71.5
68.8
79.0
62.3
102.3
82.0
73.0
74.5
86.0
68.8
112.0
124.5
71.3
90.0
96.4
79.8
126.5
146.4
75.7
102.0
118.2
95.0
130.2
157.0
75.7
113.5
121.3
88.3
130.0
143.5
80 0
105.1
110 3
89.5
139.5
131.0
83.5
100.4
109.2
83.5
134.2
113.8
83 5
85.8
107 4
« 75.6
« 127. 4
115.6
86.7
91.5
108.5
«77.0
« 120.0
108.2
0
89.3
« 72.2
0
94.6
74
88
94
92
78
19
60
61
71
42
93
76
81
101
75
88
60
70
94
68
43
75
51
44
47
32
91
61
69
89
63
76
63
52
53
65
38
76
51
37
48
23
88
66
76
102
63
104
30
55
49
65
40
105
54
35
50
33
101
73
86
97
68
137
49
60
49
74
60
83
57
25
53
69
98
92
103
131
79
153
131
81
60
111
90
86
63
27
57
122
113
91
102
144
79
108
399
81
62
65
100
103
66
27
60
135
111
91
95
130
73
84
534
87
62
73
131
51
65
30
63
135
79
85
100
126
92
76
344
69
69
72
76
49
118
111
109
124
66
167
126
194
92
79
89
126
87
102
87
70
115
166
288
106
77
108
105
92
96
82
120
84
119
209
77
56
71
81
85
98
75
113
36
76
112
66
45
65
30
63
125
34
55
101
42
59
97
81
79
149
97
122
69
107
80
85
196
90
78
160
74
186
112
169
95
277
143
97
120
69
105
85
82
200
89
80
163
77
177
104
164
86
259
139
97
123
69
103
85
81
206
88
80
164
81
169
99
163
82
240
133
95
119
69
101
82
83
207
81
76
159
81
161
93
160
78
225
133
97
112
79
101
87
82
201
90
77
155
79
159
90
171
84
206
134
101
107
109
94
104
81
185
84
74
154
105
159
87
189
84
183
140
104
109
121
100
101
82
167
74
77
153
123
167
85
216
92
175
142
108
112
126
109
99
81
154
82
80
167
123
167
89
213
103
174
153
109
120
119
110
100
82
153
73
86
"163
151
185
104
216
-112
215
167
109
117
105
113
99
82
149
73
96
152
177
209
116
224
122
270
171
110
111
102
117
96
84
153
75
105
153
185
215
121
218
124
294
263
402
229
326
206
312
145
212
236
259
394
212
328
220
331
147
207
220
261
375
231
330
217
326
158
209
208
267
362
236
331
225
348
167
204
208
269
343
255
326
217
344
171
201
208
267
340
247
353
242
317
164
192
219
266
344
245
357
216
308
159
183
232
262
330
253
341
221
294
151
161
233
256
327
242
346
233
274
148
145
233
248
343
225
338
228
278
148
134
219
216
334
236
334
144
125
202
291
a
«71. 0
107.0
o 78.0
MARKETINGS
Ticultural products*
Ynimal products
Dairy products
Livestock
Poultry and eggs
Wool
3rops
Cotton
Fruits
Grains
Vegetables
rest products
Distilled wood
uumber
^aval stores
Pulpwood
.
.
.
.
1923-25=100..
1923-25=100
1923-25 = 100. .
_ .1923-25=1001923-25=100..
. .1923-25=1001923-25 = 100. .
- .1923-25=100—
1923-25=100 .
1923-25=1001923-25=100 .
1923-25=1001923-25=1001923-25=100—
1923-25=100..
1923-25=100-
32
STOCKS
unestie stocks
1923-25=100..
Vtanufactured 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=100..
^aw materials
1923-25=100
Chemicals and allied prod— 1923-25 =100Foodstuffs . . . ..
1923-25=100—
Metals
—.1923-25=100..
Textile materials
1923-25=100—
orld stocks—foodstuffs and raw materials:
Petal
1923-25=100
Coffee— adj. for seasonal. ..1923-25=100..
Cotton — adj. for seasonal
1923-25=100
Rubber— adj. for seasonal
1923-25= 100..
Silk— adj. for seasonal
1923-25=100—
Sugar— adj. for seasonal
1923-25=100—
Tea— adj. for seasonal . . .1923-25=100..
Tin—unadjusted
1923-25=100
Wheat— adj. for seasonal. ..1923-25=100
161
108
115
100
117
96
83
167
68
93
151
166
199
111
201
129
273
357
108
170
109
•113
101
0
94
82
159
71
o 99
152
192
213
120
213
124
295
220
339
114
205
COMMODITY PRICES
COST OF LIVING (N.I.C.B.)
Total, all groups
Clothing
Food
Fuel and light
Housing
Sundries
1923 = 1001923=100-1923 = 100..
1923=100
1923 = 100
.1923 = 100..
77.5
77.3
72.0
87.1
62.7
91.9
73.7
62.6
64.9
86.0
66.4
90.7
72.1
61.8
62. 2
85.9
65.4
89.4
71.8
61.2
61.9
85.8
64.6
89.4
71.5
60.7
61.9
84.6
64.0
89.3
72.1
60.7
64.1
82.8
63. 5
89.4
72.8
61.6
66.2
82.2
63.4
89.3
75.2
63.9
71.7
82.6
63.2
90.3
76.9
70.0
73.0
84.3
63.2
91.8
77.9
75.6
73.2
85.9
63.6
92.3
78.0
77.7
73.4
87.0
63.2
91.4
77.8
77.8
73.0
87.4
62. 8
91.5
77.3
77.4
71.7
87.5
62.8
91.5
70
82
73
92
75
55
82
60
51
45
68
59
34
51
96
46
49
44
62
57
34
53
57
44
50
48
59
60
36
56
54
43
53
49
59
66
47
57
56
44
62
65
63
68
62
65
62
47
64
69
65
74
63
66
55
48
76
84
71
103
94
66
67
51
72
71
72
120
81
63
67
54
70
69
76
101
78
62
77
53
70
71
78
86
68
63
94
56
71
76
78
81
74
59
105
62
68
77
76
83
73
52
95
63
FARM PRICES (Dept. of Agri.)§
Total, all groups
Cotton and cottonseed
Dairy products *
Fruits and vegetables
Grains
Meat animals
Poul try products *
Unclassified
1909-14=100..
1909-14= 100..
1909-14=1001909-14=100 .
...1909-14=100.1909-14=1001909-14=100
1909-14 = 100..
RETAIL PRICES
Department of Labor indexes:
Coal..
1913 = 100..
152
167
164
160
166
167
167
172
171
170
155
155
168
Food#
1913=100107
105
91
90
97
107
"104
91
94
105
107
95
107
a
Revised.
* New series See p. 18 of the March 1933 issue (marketings) and p. 20 of May 1933 issue (prices).
§ Data for Feb. 15: Total, 76, cotton and cottonseed 93, dairy products 77, fruits and vegetables 101, grains 78, meat animals 64, poultry products 77, unclassified 62.
# The data on retail prices of food until Aug. 15 were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly
figures here given subsequent to August 1933 represent the figure nearest to the 15th of the month.
24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found January January
in the 1932 Annual Supplement to the Survey
March 19.34
1933
F
U
!ry '
March
April
May
June
July
August Begem- October Novem- December
ber
COMMODITY PRICES—Continued
EETAIL PEICES— Continued
Fairchild index:
Combined index*
..
-Dec. 1930=100,.
Apparel:
Infants' wear*
.Dec. 1930=100 _
Men's*
_
Dec. 1930=100..
Women's*
Dec. 1930=100
Home furnishm^s*
Dec. 1930=100
Piece goods*
Dec. 1930=100
WHOLESALE PEICES
Department of Labor index:
Combined index (784)
1926=100Economic 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
Chemical sand drugs
1926=100 .
Chemicals
1926=100..
Drugs and Pharmaceuticals. 1926 =100..
Fertilizer materials
1926=100
Fuel and lighting
1926=100..
Electricity
1926 = 100 .
Gas
1926=100..
Petroleum products
1926 = 100. .
Hides and leather
1926 = 100
Boots and shoes ._
1926 = 100
Hides and skins
1926=100
Leather
..
1926=100
House furnishing goods
1926= 100. .
Furniture
1926=100
Furnishings
1926 = 100 _
Metals and metal products.. .1926=100..
Iron and steel 1926=100
Metals, nonferrous
...1926=100 .
Plumbing and heating equipment
1926 = 100-.
Textile products
1926=100 _
Clothing
1926=100...
Cotton goods
1926=100
Knit goods
1926=100 .
Silk and rayon
1926=100...
Woolens and worsted
1926=100...
Miscellaneous
1926=100
Auto tires and tubes
..1926=100...
Paper and pulp
_
.1926 = 100.
Other wholesale price indexes:
Bradstreet's (96)
1926=100-.
Dun's (300)
1926 = 100
World prices, foodstuffs and raw materials:
Combined index*
1923-25=100-.
Coffee*
1923-25=100..
Copper*
1993 25 — 100
Cotton*
1923-25 = 100..
Rubber*
1923-25 = 100..
Silk*
-.
.
1923-25 = 100
Sugar*
1923-25 = 100..
Tea*
1923-25 = 100 .
Tin*..
_
1923-25 = 100..
Wheat*
1923-25-100
Wholesale prices, actual. (See under respective commodities.)
PUECHASING POWEE OF THE
DOLLAE
Wholesale prices*
- . . 1923-25=100,.
Retail food prices*
1923-25 = 100
Farm prices*
1923-25=100..
Cost of living*
.1923-25=100-.
88 5
71.1
69.9
69.7
69.4
70.4
72.3
76.1
82.5
86 0
87 1
91 0
86 5
89 5
86 5
84* 2
77.2
72.4
72 7
71 1
67 7
76.7
71.6
71.9
71 5
66.1
76.4
71.2
71 7
70 9
65 8
76.4
70.7
71 8
70 2
65 1
77.5
71.0
72 3
71 1
07 2
78.7
71.8
73 7
72 8
69 6
80 7
75.1
78 2
77 g
74 8
85.4
80.4
85 7
81 7
80 2
91 2
82.9
89 3
83 7
81 8
91 3
85.6
90 5
85 0
82 8
72 2
61.0
59.8
60.2
GO. 4
62.7
65.0
68.9
69.5
70.8
71.2
76 0
66 7
50 2
56.9
42 6
32.9
37.8
55.8
55.2
53 0
49.5
67.3
70.1
74.9
81.2
55.9
71.6
79.3
54.9
62 3
66.0
103.2
96.7
38.7
68 9
83.3
43 0
57.1
72.9
72 3
73.5
78.2
78.5
46.4
65.7
48.4
56.3
40.9
32.7
40.1
53.7
52.4
52.4
50.2
66.0
69.8
75.1
81.8
56.4
71.3
79.0
54.8
61.5
63.6
102.9
96.6
34.3
68.0
83.3
40.9
55.3
72.3
71.9
72.9
77.4
77.3
46.2
65 7
49 4
56.9
42 8
36 0
43.0
54 6
50.9
54 3
50.5
65.8
70.3
74.9
81.8
57.8
71.2
79.3
54.8
61 9
62.9
100.5
96.6
33.1
68.1
83.2
41 4
55.6
72.2
71.8
72.9
77.2
76.4
47.9
65 7
50 0
57.3
44 5
44.8
41.0
56 1
53. 1
57 8
50.3
65.3
70.2
75.0
81.8
57.9
71.4
79.5
54.6
62 9
61.5
98.3
97.5
32.5
69 4
83.2
45 8
57.2
71.5
71 5
71.7
76.9
75.7
49.2
67 2
53 7
61.3
50 2
52 8
46.8
59 4
58.8
58 8
52.3
66.5
71.4
75.2
81.8
59.6
73.2
80.9
55.0
66 8
60.4
94.6
103.3
31.2
76 9
83.6
67 3
68.3
71.7
71 6
72.0
77.7
75.2
56.6
69 0
56 2
65 3
53 2
57 4
46.6
61 2
63 1
63 9
52 4
68 9
74.7
77 0
81.8
67 4
73 7
81.5
55.5
68 0
61.5
91.4
101.7
34.4
82 4
85 5
81 4
74 3
73 4
73 4
73 6
79.3
76 2
63.2
72 2
61 8
69.1
60 1
73 4
47.4
65 5
66.1
75 6
50 8
72.2
79.5
78.2
88.2
75.9
73.2
80.3
56.8
68 6
65.3
89.4
100.2
41.3
86.3
88.3
88 7
78.0
74.8
74.6
75.1
80.6
77.7
67.6
73 4
60 6
71 7
57 6
64 6
45.9
64 8
65.7
71 1
51 0
74.1
81.3
81.5
90.3
79 4
73.1
79.6
57.6
69 0
65.5
88.8
99.5
40.9
91 7
96. 1
91 5
82.5
77.6
76 8
78.6
81.2
78.6
68.2
74 8
61 7
72 9
57 0
63 9
46.7
64 9
65 8
66 8
51 5
76.1
82.7
82.6
90.8
82 0
72.7
78.8
56.8
66 6
70.4
90.4
101.5
49.6
92 3
98.9
84 1
85.4
79.3
78.4
80.5
82.1
80.3
68.5
75 4
61 8
72.8
55 7
58 2
45.4
64 2
66.0
62 5
51.0
77.2
83.9
84.6
91.2
84.2
72.7
78.6
56.8
67 6
73.6
92.3
100.5
52.7
89 0
98.9
71 2
83.2
81.2
79.8
82.8
83.0
82.4
67.0
75.2
62.4
71.4
56.6
61.3
41.2
64.3
67.2
61.7
48.2
77.2
84.9
84.7
91.2
86.5
73.4
79.2
58.4
67.8
73.5
93.8
94.6
51.6
88.2
99.0
70.1
79.3
81.0
79.4
82.8
82.7
81.5
68.0
62.8
51.9
61.9
50. 1
48.4
27.0
53.4
61 2
44.6
72.0
59.4
51.2
61.2
49.1
48.3
25.6
53.2
59 2
42.6
72.1
59.4
51.3
61.3
50.0
47. 1
25.5
53.2
58 9
41.3
72.2
59.4
51.8
61.4
50 7
47.2
26.3
53.3
57 8
37.4
70.6
61.3
55.9
61.9
57.9
48.0
29.1
61.5
58 9
37.6
70.7
67.4
61 5
64 5
67 1
50 9
35,2
68.8
60 8
40.1
73 5
69.4
68.0
70.6
80.2
55.2
37.9
72.3
64 0
41.4
78.1
70.3
74.6
74.4
93 5
69.4
34.6
78.9
65 4
43.2
81.0
74.7
76 9
81.1
91.3
74.8
34.5
82.7
65 1
43.2
82.2
74.7
77. 1
84.8
88 8
74.7
32.0
84.5
65 3
43.2
82.4
73.7
76. 8
88.0
86.0
72.5
30.4
84.4
65.5
43.2
82.5
69.7
50.6
68.1
49.2
67.7
50.6
68.0
54.1
70.8
62.1
74.2
64.5
79 1
69.7
82.8
69.6
85.0
70.0
86.2
68.5
85.1
68.2
84.6
68.4
86, 1
41.2
50.4
57. 0
41.5
24.9
47.0
34 6
22.4
6.9
16.8
18.5
40.0
46.7
30.0
27.0
47.0
36 2
25.7
7.0
16.5
23.9
39.8
48.4
30.1
28.6
44.5
39 0
25.4
83
18.5
27.9
38.1
54.0
32 9
34.2
103.2
44. 1
25. 1
48.4
34 6
22.8
7.2
18.2
18.0
29.2
45.2
32.0
46.5
48 4
31.6
11.6
22 2
32.7
39.6
71.4
38.8
37.6
45. 5
56 2
35.3
14.4
30. 1
34.7
42.3
87.9
39 9
42.8
45. 5
62.5
39.7
18.8
31.8
38.4
52.1
92.3
50.3
39.7
45.0
63 4
35.3
17.1
26.3
36.9
63.2
89.0
42.8
41.5
45.0
63.3
35.7
17.0
26.4
39.9
77.1
92.8
46.3
37. 6
44.5
57.5
35.7
17.9
23.0
33.7
72.8
95.3
34.8
39. 3
44.5
57.0
36.8
20.3
20.5
30.4
73.7
105.6
43.4
39.3
46. .5
57.0
37.5
20.8
19.8
30.2
75.2
105.2
41.6
131. 4
165. 0
158.0
270.3
138.1
168.4
164.7
281.7
141.2
107. 2
165.6
276. 2
141.8
166.7
165.8
260.4
142.5
155. 0
154.8
215. 5
139.9
146.2
142.9
181.5
135.3
144.9
140.4
191.6
132.5
142.2
140.1
197.2
130.7
141.4
139.7
197.2
130. 5
141.6
140.4
194.6
130. 9
142.2
144. 1.
202 8
131. *
g4 i
71 9
58 7
63 7
41.1
64 3
gr; Q
co f)
48 9
78 3
86.3
86 6
93.9
87 4
74 4
78.8
65.2
fift 4
73.1
51.1
no
c
OA
0
85.5
86. 5
29.7
84.3
67. 5
43.2
29.9
160.5
159.7
222.7
141.2
88.0
90. 5 I
86.2 '
90.5
85.9
84. S
90.4
86.2
90.3
85.8
82.8
CONSTRUCTION AND REAL ESTATE
CONSTETJCTION CONTEACTS
AWAEDED
Contracts awarded, F.R.B.:
* 4fi
42
35
30
25
41
14
16
24
18
16
19
21
Total unadjusted
1923-25 =100. .
" 11
12
11
12
7
7
12
8
14
10
13
13
13
Residential
1923-25=100
"• 5S
48
24
30
37
21
22
14
14
51
16
18
19
Total adjusted
1923-24=100
«n
13
12
11
12
12
13
8
8
8
10
13
13
Residential
1923-24=100..
F. W. Dodge Corporation (37 States):
Total, all types:
7,677
6,332
7,476
7,596
6,303
7,254
8,186
7,729
3,800
3,884
9,409
9, 186
8,229
Projects
number
Valuation
-.thous. of doL. 187, 464 83, 356 52, 712 59, 959 56, 573 77, 172 102, 980 82, 693 105, 989 120, 249 145, 367 162, 341 207, 210
Nonresidential buildings: §
2,172
3, 189
2,304
2,387
2,254
2,802
1,466
3,152
2,777
1, 532
2,535
3,082
Projects
number.. 3,419
5, 185
5,053
6,470
8,330
4, 972
4,460
4,085
5,000
6,525
6,978
6,335
5,470
7,137
Floor space
thous. of sq. ft._
50, 040
31,117 27, 645
Valuation
thous. of doL. 58, 616 28, 732 23, 670 26, 359 23, 807 31, 639 50, 774 40, 122 32, 708 37, 951
* New series. For earlier data see p. 19 of the December 1932 issue (Fairchild index); p. 20 of September 1932 issue (world prices); and p. 18 of the August 1933 issue
(purchasing power of the dollar).
§ Data for this series have been revised for years 1930,1931, and 1932, and may be found on p. 20 of the September 1933 issue.
« Revised.
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
25
1933
March
April
June
May
July
August
Septem- October
ber
No v e m
b e r -
December
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
AWARDED— Continued
F. W. Dodge Corporation (37 States)— Con.
Public utilities: #
Projects
number
Valuation
thous. of dol.Public works: #
Projects
number ._
Valuation
thous. of dol—
Residential buildings:
Projects
-_ _
.number-Floor space
thous. of sq ft
Valuation
-thous. of dol —
Engineering construction: 1
Total contracts awarded (E.N.R.)
thous. of dol—
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
-thous. of sq. yd—
Roads only
thous. of SQ. yd
Highways:
Under construction (Federal Highway Act):
Estimated total cost
thous of dol
Federal-aid allotment
thous. of dol
Mileage, total
number
Initial
number
Stage (added improvement) _ number.
Mileage completed to date
number
Approved for construction (N.I.R.A.):*
Mileage
number-Public works funds alloted thous. of dol
Under construction (N.I.R.A.)-*
Estimated total cost _
thous. of dol _
Public works funds alloted -thous. of dol—
Federal aid funds alloted
thous. of dol
Mileage
number..
CONSTRUCTION COSTS
Building costs — all types (American Appraisal
Co) *
1913=100 Building costs— all types k4.£.C.)_- 1913=1 00—
Building costs— all types (E.N.R.) §.1913=100Building costs— factory (Aberthaw).l9\.l—lQQ.MISCELLANEOUS DATA
Construction—employment and wages:
Employment, Ohio. (See Employment.)
Wages, road building. (See Employment.)
Fire losses, United States
thous. of dol
Ship construction. (See Trans. Equipment.)
Real estate:
Home Loan Bank, loans outstanding *
thous. of dol—
Market activity
each month 1926—100
New financing. (See Finance.)
358
10, 596
89
7,974
93
4,726
150
2,499
114
2,390
176
5,640
164
6, 046
160
4,132
157
19, 395
173
3,425
210
6,995
215
6,938
322
34, 043
2,222
103, 141
451
34, 699
373
12,510
701
15, 079
571
11,233
782
13, 372
933
19, 392
910
14, 809
1, 251
32,003
1,591
57, 324
1,718
85, 729
1,445
104, 141
2,446
99, 227
1,730
3, 943
15, 110
1,794
3, 160
11,951
1,886
3,149
11,805
3, 198
4 773
16, 021
4,034
5,814
19, 144
5, 299
8,352
26, 520
5,007
8,309
27, 768
4, 357
7,383
23, 630
4,001
6,369
21, 884
3,528
6,296
21, 549
3,161
6,868
21, 526
2, 500
6, 433
23,616
1,720
5,890
23, 900
101,581
95, 392
60, 513
57, 934
49, 393
78, 198
104, 200
50, 368
74, 063
106, 677
141, 622
147, 446
102, 563
3, 921
2 131
5,387
5, 129
1,440
1,280
1, 696
1, 478
570
379
1,902
1,633
1,861
1,547
1,428
879
5,650
5,300
5,764
4,826
7,970
6,409
5,542
4, 171
5,918
4, 107
260 185 265 673
97, 337
98 311
13 561
13 855
9,550
9 628
4, 01 1
4,228
105 412 105 645
269 489
97, 551
14 209
9 709
4,500
105 835
260 736
92, 669
13 657
9 258
4,400
106 554
242 107
86, 141
12 384
8,397
3,986
107 869
222 452
79, 844
11 243
7,626
3,617
109 125
191, 040
68, 270
9 339
6,443
2,896
111 227
158, 443
57, 185
7,564
5,223
2,341
113, 237
121, 709
45, 420
5 517
3,937
1,580
115 377
90, 368
34, 862
3 942
2, 848
1,095
116,961
4,648
72, 778
5, 147
74, 731
4,748
76, 619
5,607
93, 439
34, 962
32, 893
1,063
2,305
92, 215
85, 989
3 177
5,910
134, 491
124, 652
5, 071
8,813
159, 575
147, 264
5,561
10, 504
252 372
95, 884
13 301
9, 347
3, 953
105 055
4, (91
80, 795
197 088
180,944
7 042
12, 084
.. .
168
191. 3
142
153
158.4
141
163
159.3
140
163
158. 4
165
140
158
160.2
140
158
164.4
141
161
163.4
168
148
162
165. 5
150
165
167.0
151
166
175.5
173
151
166
187.7
152
167
190.1
153
168
192.1
175
28, 003
35, 548
36, 661
35, 321
27, 826
24, 339
21,579
20,004
23, 627
20, 448
21, 465
22, 454
27, 626
92, 497
3, 896
50 4
9, 184
57 2
22, 698
41 7
30, 540
41 1
38, 932
46 4
47, 579
44 9
53, 745
41 5
59, 806
47 4
66, 329
42 2
73T 110
45 8
80, 699
54 1
« 88, 442
53 8
3,256
261
30
46
188
910
64
1 080
l\
0
19
311
58
0
3,466
273
26
43
177
978
60
1 132
12
9
19
307
58
0
3,697
289
17
43
168
1,048
61
1 091
54
15
11
258
54
0
92
0
2
134
47
95
0
24
185
69
115
0
23
381
67
9,148
935
227
357
300
1 969
226
9, 403
739
218
304
295
2 335
240
8,319
574
173
245
302
2 056
196
a
DOMESTIC TRADE
ADVERTISING
Radio broadcasting:
Cost of facilities, total
thous. of dol—
2,103
3. 760
2,811
1, 907
2,628
3,014
2,466
2,287
2,065
1,816
121
Automotive
thous. of dol
176
968
234
171
215
126
128
209
115
Building materials
thous. of dol—
15
6
0
0
0
0
0
0
0
0
Clothing and dry goods
thous. of dol —
18
21
52
39
47
53
22
24
9
5
Confectionery
thous. of dol_.
162
145
100
103
33
80
120
38
38
39
Drugs and toilet goods
thous. of dol—
1, 157
719
646
598
707
550
519
470
499
357
Financial
thous. of dol__
82
65
86
86
93
76
«57
79
89
95
Foods
thous of dol
1 003
722
750
542
767
860
713
607
571
655
43
o
House furnishings
thous. of dol
32
50
44
16
77
23
38
a
Machinery
thous. of dol—
12
12
9
0
0
0
7
0
0
0
Paints and hardware
thous. of dol—
20
8
11
12
12
6
13
9
7
15
243
304
Petroleum products
_ thous of dol
259
"346
294
292
281
236
220
238
47
Radios
thous of dol
54
36
36
44
44
19
57
46
60
Shoes and leather goods
thous. of dol—
0
9
0
0
0
0
0
0
0
0
Soaps and housekeepers' supplies
thous. of dol..
79
145
74
94
92
77
82
59
71
70
Sporting goods
thous. of dol—
0
0
0
0
0
0
0
0
0
0
Stationery and publishers.. .thous. of dol—
4
36
18
13
33
0
33
17
8
0
Tobacco manufactures
thous. of doL.
437
334
361
241
162
364
239
113
207
187
Miscellaneous
thous. of dol—
84
24
34
42
53
30
32
23
27
10
Magazine advertising:
Cost, total...
thous. of dol— a 6, 283 -5,551 « 8, 142
6,345
8,671
9,286
6,388
7,636
5,879
9,107
a
a 1 1(51
Automotive
thous of dol
486
419
779
677
834
962
689
792
760
Building materials
thous. of dol..
a 124
97
112
97
151
100
173
120
193
108
Clothing and dry goods
thous. of dol —
1 7S
241
268
141
244
M05
203
«148
79
191
Confectionery
thous. of doL.
"101
100
166
«51
98
144
208
180
262
275
Drugs and toilet goods
thous. of dol
2 453
2 324
1 33'> " 1 240 a 2 146
2 029
1 600
1 400
1 407
1 458
Financial
thous. of dol. .
179
204
198
191
198
177
184
197
167
153
« Revised
^ Data for March, June, August, and November 1933 are for 5 weeks, other months 4 weeks.
* New series. For earlier data see p. 20 of the August 1933 issue (building costs, American Appraisal Co.). First report of Home Loan
1932. N.I.R.A. highway work started in September.
§ Index for Feb. 1, 1934, 194.1
# These series represent a breakdown of the combined total previously shown See p. 20 of the September 1933 issue for earlier data.
41683—34
4
Bank, covers December
26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January \ " f vr l rj " j March
March 1934
19 33
April
J line
May
July
!
N m
August Septem- October ^ ' December
DOMESTIC TRADE—Continued
AD VERTiSIN G— Continued
Magazine advertising— Continued.
Cost, total— Continued.
Foods
thous. of doLGarden
- thous. of dol
House furnishings
thous. of doL.
Jewelry and silverware
.thous. of dol..
Machinery
thous. of dol.Offiee equipment
thous. of dol..
Paints and hardware
thous. of doL.
Petroleum products
thous. of dol_.
Radios
thous. of dol
Schools
- - .thous. of dol..
Shoes and leather goods
thous. of dol_.
Soaps and housekeepers' supplies
thous. of dol . .
Sporting goods
thous. of doL.
Stationery and books
thous. of dol..
Tobacco manufactures
thous. of dol..
Travel and amusement
thous. of dol_Miscellaneous
thous. of dol. Lineage, total f
...thous. of lines...
Newspaper advertising:
Lineage, total (22 cities)
thous. of lines..
Lineage, total (52 cities)
thous. of lines..
Classified
thous. of lines..
Display
thous. of lines..
Automotive
thous. of lines..
Financial
thous. of lines..
General
thous of lines
Retail
thous. of iines.
i
i
1
1,173
« 1, 238
42
225
77
17
32
'9
" 150
146
132
45
« 1, 813
a 275
« 101
"627
MO
1,943
74
396
28
34
37
76
180
63
116
69
2, 075
64
522
50
33
34
100
216
61
116
159
1,836
58
643
73
24
23
97
326
39
129
201
1,515
23
454
72
14
35
79
268
47
128
154
1,343
10
200
47
23
25
38
236
58
121
85
1,018
5
129
26
24
13
2
320
101
136
13
1, 155
10
270
36
14
18
53
225
85
143
58
1,685
15
663
127
25
76
117
202
103
116
140
1, 958
1, .116
« 341
« 186
"183
1, 490
643
49
118
392
278
203
1,630
702
79
135
392
311
188
1,729
750
136
121
457
388
197
1, 732
668
178
111
383
345
168
1, 544
518
142
100
326
233
147
1, 272
440
131
95
364
130
127
1,184
517
76
123
337
131
178
1, 407
645
81
237
453
220
228
1, 870
582
46
202
399
246
218
1, 899
371
102
325
370
291
224
1,791
55, 462 ° 52, 074
82, 455
77, 957
15,015
15,282
67, 400
62, 675
5.981
4, 866
2. 1 59
2, 281
14, 197
13 970
45, 343
41,331
47, 186
72, 539
14, 083
58, 456
3, 048
1, 637
15, 188
38, 584
49, 884
76, 364
14,810
61, 554
2, 503
1,951
13, 869
43, 230
60, 118
91, 053
17, 000
74, 053
4, 685
1,511
1 5, 289
52, 569
62, 184
94, 649
17,019
77,630
7, 021
1,528
Ifi, 133
52, 94 7
61, 258
93, 168
16, 345
76, 823
7, 991
1, 722
16,448
50, 663
49, 364
78,319
16, 064
62, 255
6, 139
2, 396
14, 272
39. 44*
53, 710
86, 339
18,158
68, 181
6, 797
1,392
15 198
44, 794
62, 327
92.618
17. 287
75, 331
5,408
1,259
16,337
52, 326
70, 271
105,970
19,467
86, 503
4,683
1,497
20, 071
60, 252
66, 357
99, 823
16, 199
83, 624
5,565
1,500
18 769
57 791
63, 962
96,71(5
15,548
81, 168
3, 936
40, 829
633
39, 575
542
31, 165
520
35, 530
625
34, 668
651
31,411
474
21, 754
340
19,718
379
21, 979
370
26 497
148
60.7
60.8
60.2
60.4
60. 5
61.9
62.3
62.7
63.5
64.2
3, 307
2, 839
2, (174
2, 66;"
3, 373
2, 93H
2, 402
2, 392
3, 839
2, 304
2, 384
524, 721
493.416
586, X22
568, 740
6 J 2, 653
643, 449
044, 172
690, 177
643, 621
665, 458
631 718
657 ''03
4,013
35, 487
50
229
119
23
110
167
1 24
54
336
93
160
421
•J83
312
« 362
a 27
27
38 !
25
175
°8'.>
i 143
13
a 166
« 327
« 180
1,777
8
367
176
| 29
83
' 32
190
238
84
106
594
, 160 1
29
! 70
I 82
168
273
105
134
i, 5on
12 275
63 451
COLLECTIONS
Delinquent accounts, electrical trade: 1
Amount
dollars Firms
-.. number .
FINANCIAL INDICATORS
Bank debits. (See Finance.)
Business failures. (See Finance )
Commercial loans. (See Finaiu e.)
Money in circulation. (See Finance.)
GOODS IN WAREHOUSES
Space occupied, public merchandising warehouses
..
percent of total. .
a
67 4
65. 2
NEW INCORPORATIONS
Business incorporations (4 States)
number- .
2,8(11
POSTAL BUSINESS
Air mail, weight dispatched
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
__
Value
Foreign issued — value
Receipts, postal:
50 selected cities
50 industrial cities
pounds..
thousan ds . .
thous. of dol.
3, ( i l l
34, 55 1
3,207
30, 038
3, 098
31,864
3, 936
59, 711
3, 261
35, 866
3,417
35, 399
3, 240
33, 129
3, 061
30, 957
3, 078
30, 894
3,057
30, 959
3,338
33, 146
3, 250
32, 232
thousands
thous. of dol
thous of del
1 1 , 282
89 7f)i
8, 567
67. 210
2, 400
7, 996
65, 370
2,423
10,445
136, 196
2, 630
9, 622
94, 163
2, 832
9, 737
88, 405
10,027
88, 721
2, 330
8, 863
81,759
2, 109
9, 598
87, 281
2,072
9,426
87, 571
2, 619
11,106
102, 877
1, 998
11 173
98 630
24, 674
2, 955
22. 559
2, 05^
24, 422
2, 646
23,810
2, 678
24, 393
2, 703
thous. of dol
thous of dol
i
T> 1 18
98 551
. 5 J 10
24, 988
2,701
RETAIL TRADE
Chain store sales:
Chain Store Age index:
Combined index (19 companies)*!
78
82
76
75
78
84
80
86
85
av. same month 1929-31 = 100. .
88
84
83
88
Apparel index (3 companies)*!
84
76
73
79
63
79
91
84
81
av. same month 1929-31 = 100. .
88
88
88
Grocery (6 companies)
74
73
74
76
79
76
83
80
81
av. same month 1929-31 = 100.
80
80
83
Five-and-ten (variety) stoies:#
100
126
103
129
110
1 23
129
125
137
141
Total, 8 chains, unadjusted. .1923-25 = mo..
116
253
136
121
135
138
1:0 !
137
130
142
139
151
132
Total, 8 chains, adjusted
1923-25=100.
] 35
130
H. L, Green Co., Inc :*
9 JQp,
1,857
1,782
1,994
2 082
Sales
thou^ of dol
1 619
4 071
|
135
135
135
Stores operated
number
135
13°
133
1 34
1
S. S. Kresge Co.:
10, 228 1
7, 706
8, 054
8, 492
9, 94 J
9,021
10, 305
9, 407
10, 6.° 5 ' 10 848
Sales
thous of dol
8 825
10 165
l f i 7° 2
718
718
720
716
719
718
719
710
720
Stores operated
number. .
721
|
S. H. Kress & Co.:
3, 913
3, 896
4. 087
4, 766
4,978
4,830
4,929
5,417
5. 771
5, 406
Sales
. .
_ .
thous. of dol
5 107
11 4 { I
5 586
232
232
231
231
231
231
231
231
Stores operated
number..
230
230
23 1
230
230
McCrory Stores Corp.:
2, 339
2, 537
2, 383
2, 721
2,361
2, 551
2, 546
2,619
2,800
2 Rf7
Sales
_. . .
thous. of dol
'> 837
5 604
243
1:43
226
240
237
230
210
Stores operated
number
209
"209
20<j
O. C. Murphy Co.:
f 1
1,629
1, 130
1,314
1,808
.1,661
1,804
1,803
1.912
1,994
Sales
thous. of dol..
1, 555
1,976
3, 591
176
' 177
178
178
178
J79
179
179
179
Stores operated ...
nurnber.
179
......
180
ISO
• Revised.
\ Discontinued.
#See p. 17 for a new variety chain-store sales index.
* New series. For a description of the Chain Store Age index see p, 19, of the Dec. 1932
issue. Comparable data for earlier periods for the H. L. Green Co., Inc.,
sales not available.
t Revised series. For revised data refer to the indior.ted pages as follows (magazine advertiF ing) p, 20, Oct. 1933: (Chain Store Age combined sales index and index of
apparel sales) p. 26, Oct. 1933 issue.
•-21
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
27
1933
1
j
March i April j May
F
|^
June
July
Decemj August Septem- October November
ber
ber
DOMESTIC TRADE—Continued
RETAIL TEADE— Continued
Chain-stores— Continued.
Five-and-ten (variety) stores— Continued.
F. W. Woolworth Co.:
Sales .thous. of do! .
Stores operated
number
Grocery chains:
A. & P. Tea Co.:
Sales, value total
thous. of dol..
Weekly average
thous. of dol..
Sales, tonnage, total
tons..
"Weekly average
tons
Restaurant chains:
Total sales, 3 chains:
Sales
thous of dol
Stores operated
number
Childs Co.:
Sales
thous of dol
Stores operated
number
J. R. Thompson Co.:
Sales
thous. of do!
Stores operated
number
Waldorf System (Inc.):
Sales
thous. of dol
Stores operated
number-Other chains:
W. T. Grant & Co.:
Sales
thous. of doL.
Stores operated
... number
J. C. Penney Co.:
Sales
..thous. of dol. Stores operated
--number. .,
Department-store sales and stocks:
Sales, total value, adjusted
1923-25=100..
Sales, total value, unadjusted-1923-25=100_.
Atlanta
1923-25= 100..
Boston
1923-25=100...
Chicago
1923-25—100
Cleveland
1923-25=100Dallas
...1923-25=100..
Kansas City
1923-25-100
Minneapolis
...1923-25=100..
New York
1923-25=100
Philadelphia*
...1923-25=100..
Richmond
1923-25 = 100
St Louis
- 1923-25== 100.
San Francisco
1923-25=100
Installment sales, New England dept. stores,
ratio to total sales
percent..
Stocks, value, end of month:
Unadjusted
1923-25=100..
Adjusted
1923-25=100
Mail-order and store sales:
Total sales, 2 companies.
thous. of dol—
Montgomery Ward & Co
thous. of dol—
Sears, Roebuck & Co
thous. of dol-.
]
1
i
17,5.11
1 929
20, 159
1 929
19. 801
1 931
19,344
1 935
19, 583
1 937
20, 357
1,936
21, 642
1 937
22, 035
1,942
20, 996
1, 942
36, 996
1, 936
61, 102
15, 276
406, 156
101 539
74, 981
14, 91)6
495, 192
99 038
61, 056
15, 264
405, 660
101 415
61, 525
15,381
397, 498
qf) 375
79, 503
15, 901
507,301
101 472
63, 445
15,881
382, 751
95 688
76, 005
15. 201
458, 606
91 721
60, 661
15, 165
357, 638
89 410
63, 856
15,964
376, 069
94,017
77,631
15,520
460, 525
92 105
64, 479
16, 120
386,947
96 737
3 425
38 1
3 081
381
3 290
382
3 201
381
3 173
379
3 012
376
3 045
373
3,298
376
1 431
105
1,278
105
1 311
105
1 320
105
1 227
104
1 147
103
t 142
103
1,191
103
884
117
784
117
875
116
826
116
865
116
863
115
911
114
1,082
117
1, 078
1,110
159
1,019
159
1 104
161
I, 055
160
1,081
159
1, 002
158
992
156
1,025
156
1,047
155
1, 092
155
1, 0(56
156
1, 119
155
4, s;$;>
" 4, 273
446
« 4, 492
449
5,137
451
6, 277
451
r,553
4nl
6,512
452
5,784
454
5, 752
454
6, 423
454
7, 1 13
454
0, 900
' 456
12,451
457
12,444
8. 688
1, 473
8, 460
1,474
10, 234
1, 478
14, 592
1, 478
14, 433
1, 478
14, 617
1,478
13, 564
1,478
14,204
1,477
16,288
1,471
18, 643
1, 468
19.216
1,933
25. 824
1, 467
CO
49
48
43
46
41
45
45
37
64
40
51
42
52
•57
50
49
51
50
42
53
53
50
65
49
61
47
59
67
68
%
66
68
64
54
65
66
58
54
77
59
65
57
65
61
60
61
56
61
50
66
57
76
70
73
67
73
75
64
67
68
70
78
60
79
63
73
70
79
76
76
66
81
74
58
93
73
94
70
72
65
75
71
74
69
61
75
67
54
8U
66
87
70
(•,i|
69
121
117
IS, 137
1, 937
15, 845
1,927
59, 923
14, 981
3515.514
89' 129
57, 235
14, 309
371,394
92 849
_ _ _.
457
i, 4fit)
a
09
61
59
58
54
40
63
4V)
62
63
60
49
43
50
49
41
42
44
40
56 i
44
54
43
54
16. 245 i
1, 927
64
63
64
62
62
06
78
60
78
60
68
69
68
61
65
63
60
76
59
81
60
73
58
74
57
60
70
49
46
46
48
45
44
44
40
49
39
51
42
67
i
rr
77
o 114
a H4
0
a
103
120
a U3
93
140
105
a 147
" 106
a l;^
6.2
7.1
6.3
5.3
6.9
5.7
7.9
12.7
9.8
9.3
7.0
4.2
00
52
58
54
57
55
54
55
53
56
55
56
57
56
60
62
64
73
70
77
70
78
69
6'^
6r>
36, 705
14, 734
21. 971
26, 958
10, 100
16, 858
26, 176
10, 114
16, 062
35,365
15, 574
19, 791
37, 778
15, 103
22. 675
38, 980
16, 165
22 821
33, 566
13,615
19, 951
40,327
15, 657
24, 670
43,219 ;
16, 600
26,619
53, 550
23,017
30, 533
52, 037
20, 742
31, 295
61,971
25, 022
36, 949
76.6
55.8
45.4
47.2
78.5
96.2
106.4
84.4
96.0
75. 3
86.0
86.0
89.0
51. 1
60,9
07.7
91.0
84.4
89.6
69.1
88.0
94. 5
71.4
67. 1
53.4
63.4
44. 2
71.9
74.3
53.9
43.1
45.7
75.9
95.9
106.6
83.0
75.8
54,2
39.2
45. 6
79.3
99.4
109. 0
87.8
97. 4
73.8
84.9
84.2
87.9
51.7
02.7
67. 0
92.8
83.4
87.7
70.2
87.6
94.0
71.7
70.2
50.9
50.8
44.1
74.1
73.9
52.9
37.7
44.9
77.0
99. 1
107. 9
87.9
72. 0
53. 2
39.0
43. 4
SO. 3
100. 3
110.0
88.0
95. 1
71.7
71.0
51.9
34.7
41.8
81. 1
100.6
109.4
89. 6
92. 0
70.4
75. 2
72. 3
87.4
40. 3
61. 9
01.0
92. 8
81.3
84.4
72. 1
79.0
87.3
00. 3
27, 554 1
11,211
16,343 1
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (F.R.B.) .__1923-25=100Cement, clay, and glass
1923-25=100..
Cement
....1923-25=100..
Clay products
1923-25=100,.
Glass
...1923-25=100Chemicals and products
1923-25=100-..
Chemicals and drugs
1923-25=100Petroleum refining
1923-25=100..:
Food products
1923-25 = 100—,
Iron and steel
1923-25=100..!
Leather and products
1923-25=100-!
Boots and shoes
1923-25=100-1
Leather
1923-25= 100..
Lumber and products
1923-25=100,.
Machinery
1923-25-100..
Metals, nonferrous
1923-25=100..
Paper and printing
1923-25=100..
Rubber products
1923-25=100...!
Auto tires and tubes
1923-25 = 100. _ j
Boots and shoes
1923-25=100..I
Textiles and products
1923-25=100..
Fabrics1923-25=100.. |
Wearing apparel
1923-25=100. J
Tobacco manufactures
1923-25=100..
Transportation equipment
1923-25 = 100..
Automobiles
1923-25=100..
Car building and repairing__ 1923-25=100._
Shipbuilding
1923-25=100..
Factory, adjusted (F.R.B.)
.1923-25=100..
Cement, clay, and glass
1923-25 = 100.,
Cement.
1923-25=100..
Clay products
1923-25=100..
Glass
1923-25=100..
Chemicals and products
1923-25=100..
Chemicals and drugs
1923-25 = 100..]
Petroleum refining
1923-25=100-1
1
Revised.
58.1
36.7
31.0
30. 4
52.2
76.2
80.2
75.0
78.6
49 6
73.3
74.6
68. 1
33.8
44.0
44.4
80.2
59.1
61.3
52. 7
69.6
72.8
61.7
60.4
46.1
50.4
41.3
60.9
59.4
39.4
34.0
32.8
55.7
76.4
79.7
76.4
59.2
37.8
30.7
31.4
54.4
77.3
80.5
75.7
78.4
51.8 j
77.3
79.2
69.6
33.4
44,4
45.3
80.1
59.4
62.5
50.4
72. 3
73.7
69.0
63.4
45.1
49. 6
40.6
57.1
59.4
39.9
33.8
33.4
56. 0
76.4
78.9
76.7
!
j
I
I
i
56.7
38.1
3i.o
31.2
55,6
78.2
80.1
75. 8
76.9
49.1
76.6
78.8
67.8
31.8
42.8
42. 3
78.7
57.0
60. 4
46.4
67.7
68.1
66.7
57.6
42.5
43.9
40.3
54.1
56. 6
38,9
33.1
32.1
55, 3
57.8
40. 5
30. 7
32. 5
58. 6
82.4
78.8
75.9
78. 2
50. 0
75.0
77.7
63.9
32.8
43.1
44.4.
78.4
57.1
60. 6
46.7
69.7
69.6
69.8
56.3
41.4
44.4
38.5
49.8
60. 0
43.7
38.4
35.3
63.2
78.9
80.8
76. 8
80,, 2
53.2
76.4
77.8
70. 9
35.3 I
44.5 |
47.9 I
79.4 i
60.2 !
66.6 i
40.8
73. 0 !
75.7
66.1
64.2
43.7
47.8
39.7
53.4
00. 6
42.6
37.6
34.2
62.3
80.3
82. 1
76. 9
64.1
48.4
44.1
39.1
69. 4
79.4 j
85.0
78.1
81.9
58.1
79.6
80.1
77. 9
39.9
48.0
53.5
80. 9
68.1
76.4
43.2
79.9
85.8
64.9
66.4
44.6
51.6
38.4
53.8
64.8
46.8
42.1
37.5
67.7
82.3
86.7
77. 4
68. 9
51.8
47.6
43.7
70.3
84.0
92. 3
78.1 i
83.1 j
65.3
85.4
86.0
83.0
44.0
51.8
59, 5
82. 5
77. 0
86.0
50. 0
85.7
94.1
64.7
65.6
49.2
58.4
41.4
58.7
70.1
51.6
45.2 j
42.4 I
73.3 !
87.5
95.6
76.4
73.4
55.8
50.4
47.2
76.0
89.9
100.7 I
79.7 i
89.3
72.7 .
88.7 I
88.7
88.6
47.6
57.1
65.4 i
86.9 1
83.3 !
91.6 |
58.4
87.8 I
96.4
66.4
67.6
51.7
60.9
43.7
64.5
73. 3
53.9
46.9
45.3
74.9
92. 4
103.3
78.3
* New series. For earlier data see p. 20 of the December 1932 issue.
73. 2
84. 3
48.9
62. 4
04.4
92. 4
81.8
85. 2
71.0
83. 7
90. 9
05.0
71.9
47. 9
50. 1
44.0
71.2
72.4
52. 8
38. 5
43.4
79.0
99.8
107. 9
89. 4 '
5l".3
58. 0
43.4
75. 4
71.8
53. 3
36. 0
42. 9
83. 1
100. 4
107. 6
90. 7
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found January January
in the 1932 Annual Supplement to the Survey
March 1934
19.33
February
March
April
May
June
July
Novem- DecemAugust j88^- October
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT— Continued
Factory, adjusted (FM.B.)— Continued.
90.3
79.6
79.2
82.3
92 8
Food products
1923-25=100-.
78 4
81 2
82 6
83 6
93.4
89 7
93 9
90 3
69.8
50.6
51.4
48.3
50.0
66.3
73.6
72.0
71.4
Iron and steel.—
._ 1923-25= 100 ..
52.5
58.1
74.7
73.2
78.6
72.9
Leather and manufactures
1923-25=100..
76.4
77.2
75.6
75.7
83.9
85.7
83.3
82.0
75.8
86.4
79.7
76.7
74.4
Boots and shoes
1923-25=100..
73 9
77.5
79.3
81.4
86.0
81.9
74 9
78.0
84.7
80.6
85.7
86.4
Leather
1923-25=100
66.9
67 5
66 2
64 4
72 6
84 6
88 0
80 3
83 8
89 0
88 9
87 0
44.1
35.0
32.5
Lumber and products
1923-25= 100. _
33.3
43.8
49.4
49.9
47 9
34.4
46 6
46 7
35.7
40.0
62.1
44.5
42.2
42.6
44.2
61.1
63.1
Machinery
1923-25=100..
44.2
47.7
51.7
63.3
62.6
57.1 I
61.5
60.3
Metals, nonferrous
_ . 1923-25= 100. .
44.8
44.4
41 0
43.4
47.4
53.6
67 9
65 2
66.1
62 3
68 6
91 2
90. 1
Paper and printing
1923-25=100
79.6
83 4
92 3
79 9
78 5
78 8
81 6
91 2
91 2
79 9
88 1
80.4
Rubber products
1923-25= 100..
59.7
76.4
59.1
56 6
56 7
82 2
59 7
67.8
83 7
81 9
85 3
83 4
85 8
62 6
Auto tires and tubes
1923-25=100
62 3
84 4
59 6
65 3
87 2
89 2
91 0
59 7
75 0
89 0
88 8
64.0
51.2
52.4
Boots and shoes
1923-25=100.
49 6
47 3
47 9
42 9
46 2
67 2
67 4
67 9
60 5
67 4
79.3
69.2
91.2
Textiles and products
1923-25= 100. .
70.4
68.5
90.3
82 7
65 4
73.4
81.6
88 4
86 2
78 8
86.4
72 2
69.2
72.2
97.6
Fabrics
1923-25=100..
66.9
95.9
93.1
99.8
75.9
86.7
89.3
85.9
61.5
71.9
Wearing apparel
. . . .1923-25 =100. . 61.6
66 8
66. 1
61 9
67 4
68 7
69 8
68 8
69 6
65 9
60 9
63.3
64.9
Tobacco manufactures
1923-25= 100..
64.1
65.2
57.8
57.5
65.4
66.9
67.3
67 8
67.7
66 8
66 4
57.7
47.4
49.3
51.4
Transportation equipment
1923-25= 100..
45.0
40.1
43.9
52.8
41.7
41.9
51.0
50.7
54.7
75.3
53.3
58.8
Automobiles
1923-25= 100. .
41.5
48.9
41.9
50.3
59.7
43.8
56 4
61.5
50 8
66 9
42.0
41.2
43. 5
Car building and repairing. .1923-25=100-.
38.3
38.2
40.5
39.4
44.1
41.1
44.0
43.5
43.9
43. 5
70.2
59.1
Shipbuilding
1923-25 = 100-53.2
54. 1
47.0
52. 1
60.1
50.9
68 2
77 2
79 0
74 1 !
75 4
Factory, by cities and States:
Cities:
79 i
72. 1
"60 2
Baltimore*
1929-31 = 100.
64 8
71 1
64 3
63 6
80 9
76 8
63 5
60 5
75 8
"74 1
49.2
56.7
Chicago *
1925-27=100.60. 8
49.7
48 2
49 3
53 4
51.1
65 3
64 0
65 6
63 0
60 9
66.6
78.6
65.3
73.9
66.8
61.7
83.3
83.6
Cleveland
Jan. 1921 = 100. . 86.9
68.8
79.6
82. 6
82. 1
62 8
83 2
Detroit
1923-25=100-.
28 8
49 2
41 8
50 0
52 5
60 7
59 6
37 3
41 6
64 7
61 7
77 i
76.7
57.4
68.2
71.9
54. 1
54 3
Milwaukee *
1925-27=100.53.7
79.2
79 1
61.0
76 7
76 6
59.2
66 9
55.8
59 1
New York
1925-27=100.
58 0
56 3
57 8
58 4
69 0
70 0
63 4
67 S
67 4
79 3
73.3
58.8
66.6
64 1
58.9
57.8
72 9
60 9
57 1
78 3
81 4
76 8
Philadelphia t
1923-25=100..
77 4
74 7
73 4
75 2
Pittsburgh *
1923-25= 100..
70 0
56 1
68.5
64 2
57 6
55 4
56 1
59 0
75 7
States:
()9 7
89 0
74. 1
87.9
Delawaref
1923-25=100
75 2
72 1
80 0
94 2
70 3
73 8
95 1
94 2
98 1
Illinois
1925-27= 100. _
60 9
64.0
50.7
52.1
57.2
51.7
50 8
67 9
53 6
68 9
69 7
66 9
65 4
gq 3
C)f) g
Iowa
1923=100
85 6
93 0
98 4
88 2
83 7
90 5
83 2
86 4
95 3
101 9
98 8
72 9
58. 1
62 9
69.0
68 5
60 3
Massachusetts*!
1925-27 = 100 .
56 2
56 4
58 5
76 5
73 2
75 1
69 1
Maryland*
1929-31 = 100..
79.0
78.9
67.5
64 3
67.5
71 0
«65. 3
68 3
90 1
84 0
88 3
81 2
62.2
70.4
77.4
63.4
60.8
67.3
60.9
63.7
74.9
79.5
80.5
New Jerseyt
1923-25=100..
80 5
79 8
62.2
55.4
55.3
New York
1925-27=100..
65.8
56.3
53.7
57. 1
59.5
65.7
69.6
67.4
69.6
66. 2
Q
Ohio
1926=100..
60 6
77.8
79 3
72 5
57 4
60 5
61 5
65 7
81 9
83 7
83 2
80 5
80 1
68.2
72 9
60.3
69 5
65 5
58 8
59 0
62 6
61 8
73 4
Pennsylvaniaf
1923-25= 100. .
76 8
77 0
76 1
Wisconsin
...1925-27=100-57.3
75.9
75. 7
60.8
69.5
58 8
58 6
63.3
79 7
80 0
77.5
78 3
76 5
Nonmanufacturing (Dept. of Labor):
Mining:
64 1
52.5
43.8
Anthracite
1929=100..
58 7
54 6
43 2
39 5
51 6
56 8
56 9
47 7
61 0
54 5
74 8
63.2
Bituminous coal
..1929=100...
69.8
75.8
69 3
63 7
61 3
67 6
61 2
71 8
68 0
68 6
7i 4
32 4
Metalliferous
1929 = 100
39 6
33 0
31 5
29 4
31 5
30 0
30 0
40 7
38 9
36 8
40 6
40 6
Petroleum, crude production ... 1929 =100...
73.2
57.2
59.5
58.0
57.0
56.5
66.2
56.8
56.9
60.8
70.6
72 2
75.0
35.1
49.5
Quarrying and nonmetallic
1929=100..
39.7
47.3
34.8
35.1
39.3
43,4
52.6
53.2
51.6
45.3
5l!l
Public utilities:
69.4
Electric railroads
1929=100..
70.6
70.5
69 3
70 4
69 5
69. 1
69 5
69 8
70 6
69 7
71 0
70 8
77 7
77 5
Power light, and water
1929=100
82 2
77 4
77 3
76 9
82 2
76 9
76 9
78 1
80 3
89 6
81 8
68.5
Telephone and telegraph
1929= 100. _
74.6
72 3
69 2
70 2
73 9
73 2
70 1
68 7
68 1
68 3
68 9
69 4
Trade:
Retail
1929=100..
84 6
76 9
74.6
73 4
78 3
77 0
71 4
78 6
86 0
89 6
78 1
91 6
105 4
Wholesale
1929-100
82 4
75 3
75 7
76 9
79 7
73 1
73 3
74 0
82 1
74 1
83 5
83 4
83 3
'
Miscellaneous:
Banks, brokerage houses, etc.*t-1929=100._
99.2
97.7
97.5
97.3
96.2
96.2
99.0
99.4
96.8
96.5
98.3
99. 6
99.3
Canning and preserving
1929=100..
34.1
76.6
43.1
33.2
55.6
35.1
49.2
45.5
175.6
126. 3
112.7
49.4
69. 3
82 9
Dveing and cleaning*
1929—100
73 8
73 0
70 9
71 2
85 6
81 1
82 0
88 4
83 1
88 6
82 4
76 3
77 o
Hotels
1929=100
73 8
73 6
75 6
81 5
72 4
73 8
71 9
71 9
77 1
78 7
75 8
Laundries*
1929= 100. _
75.4
75 4
76.3
74 4
73 0
73 4
73 5
76 0
77 9
79 3
78 0
75 3
75 9
Miscellaneous data:
26.8
26.9
28.3
Construction employment, Ohio.. 1926= 100..
23.9
23.9
21.3
22. 1
24.0
28.1
20. 1
29.1
29.1
27. 3
Farm employees, hired, average per farm
number..
.74
.73
.69
.96
.79
1.01
1.05
.86
64
Federal and State highway employment,
total *
number.. 315,989 266. 443 255, 256 279, 213 299, 882 330, 138 359. 605 332. 277 329, 813 337, 973 384, 029 420, 069 362, 031
Construction *
number
179 499 115 404 114 567 133 595 162 816 187 371 206 664 190 633 171 576 177 413 919 727 249 239
291 168
Maintenance*
number __ 136 490 151,039 140 689 145, 618 137 066 142* 767 152,' 941 141, 644 158' 237 160' 560 171 302 170 830
140 863
Federal civilian employees:
United States*. _
number.. 627 155 599, 990 600,311 603,818 605, 554 610, 652 601, 944 591, 166 592 490 602, 465 613, 242 694 118 °62" 713
r
65,991 67 715 69 740 71 054 73 131
W ashi-ngton
number
78 045 66, 800 66 802 67 557 67 063 66 560 65 437
75 450
1,005
Railroad employees, class I
thousands..
983
973
1,042
960
956
934
939
952
1,047
1,031
1,014
« 982
Trades-union members employed:
79
71
72
65
69
66
66
67
67
69
All trades
percent of total..
69
71
73
Q
42
28
33
33
Building trades*
percent of total-30
29
29
37
3!
34
38
37
38
55
Metal trades*
percent of total-.
"65
64
53
50
51
53
65
61
58
61
64
64
79
Printing trades*
percent of total
81
80
78
77
78
78
77 !
78
77
78
80
81
All other trades*
percent of total __
81
78
79
81
81
82
78
80
80
81
84
82
80
On full time, all trades
percent of total. .
49
45
46
44
48
46
47
48
52
49
51
50
49
LABOR CONDITIONS
Factory operations, proportion of full time
worked, total..
percent. _
84
91
93
85
84
86
88
90
92
93
93
92
92
92
Chemicals and products
percent. .
89
90
89
94
95
95
94
96
93
94
94
94
Food products
-.percent-.
94
93
92
95
94
95
97
94
94
96
94
96
95
Leather and products
percent-96
86
90
88
92
94
88
60
98
95
96
93
93
82
Lumber and products
percent-91
73
77
84
87
89
77
95
91
94
96
92
Metal products:
72
70
82
Iron and steel
percent-90
73
77
85
70
87
85
87
85
86
86
77
Other. _.
._
_
..percent..
73
85
91
78
76
86
81
87
88
89
89
88
Paper and printing
percent-92
86
87
89
91
96
88
94
96
96
95
96
92
85
83
84
89
Stone, clay, and glass
percent. .
83
87
89
92
91
91
90
90
Textile products
percent-89
90
93
96
87
90
96
97
97
91
95
92
92
Tobacco products.
pernent..
80
79
83
83
84
85
89
78
90
86
89
88
89
87
86
Transportation equipment
percent. .
96
83
90
89
90
90
95
91
95
95
95
99
85
82
Automobiles
percent90
88
92
90
98
76
100
93
98
96
Hours of work per week in factories:*
34.1
35.2
32.2
37 4
42 6
Actual, average per wage earner.
hours..
34.9
33.8
41.2
36.8
36.2 j
38.8
34.0
"33. 8
a
Revised.
* For earlier data see the following references: Hours of work, p. 18, Dec. 1932; employment in Baltimore, Milwaukee, Maryland, and Massachusetts, Federal civilian
employment and trade-union members employed, pp. 18 and 19, Dec. 1932; employment in laundries, dyeing and cleaning establishments and banks and brokerage houses,
etc., Federal and St9.te highway employment and employment in Chicago, pp. 19 and 20, June 1933; Pittsburgh employment, p. 18, Jan. 1934.
t For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania and Philadelphia, p. 19, Sept. 1933' and for Massachusetts
employment for 1931, 1932, and 1933, p. 19, August 1933. Employment in banks, brokerage houses, etc., for 1932, p, 28, Jan. 1934.
March 1934
29
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
1933
March
April
May
June
July
August
September
October
Novem- December
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
1
LABOR CONDITIONS— Continued
Labor disputes: t
61
"92
41
« 81
29
32
46
68
49 1
45
73
Disputes
number
, 401, 532 «3, 642, 431 «3,145,f,00 1,365,362
240, 912 109, 860 445, 771 535, 039 603, 723 1 504, 362 1,404,850
Man-days lost
number. „
30, 825
8,790
6,706 12, 794 19,867 16, 584 24, 593
49, 058
101, 041 « 150, 210 "100. 705
Workers involved
number
Labor turnover (quarterly) :*
8 50
9.0 Sfi
11.31
22 88
Accessions
percent of no on pay roll
Separations:
3R I
.62
52
78
Discharged
percent of no on pay roll
11.34
10.14
6 31
4 46
Laid-off
percent of no on pay roll
Voluntary quits
2.18
1.56
4 16
percent of no on pay roll
2 23
PAY ROLLS
52.9
39 2
49.9
40.0
36.9
55.7
57.4
46.2
57.6
38.6
42.0
Factory, unadjusted (F.R. £.)-._ 1923-25 =100..
31.4
20! 2
20.6
30.2
20.9
22.0
34.6
34.1
32! o
Cement, clay, and glass
1923-25=100,.
29.1
34.1
25.1
19.2
22.8
16.4
18.9
16.0
27.6
Cement
1923-25=100.
16.1
31.6
24.6
18.3
21.2
25.1
25.6
22. 2
20.7
13.4
21.2
23.3
13.8
14.3
14.2
25.3
Clay products
.
1923-25=100..
24.8
15.9
18.8
25.0
58.2
GO. 3
36.0
55.2
37.3
36.7
Glass
1923-25 = 100.
39.9
52.1
49.8
59. 5
57.4
58. 6
45.9
79.4
78.2
60.4
60.7
72.2
60.8
67.9
78.8
Chemicals and products
1923-25=100..
60.8
61.9
64.6
74.3
78.7
79.4
84.6
85. 7
60.6
59.8
58.4
85. 5
Chemicals and drugs
1923-25 =100..
66.9
72.6
61.1
62.0
85. 2
80.0
72.7
64.6
64.5
72 5
64.3
72.9
Petroleum refining
1923-25=100,.
63.8
66.1
66.7
65.1
66.3
72.5
69.8
64.1
76.9
59.8
77.2
62.7
71.7
78'. 1
62.6
68.2
66.3
78.2
Food products
1923-25=100
64.8
78.8
22.4
22.7
42.4
44.4
42.7
24.7
24.4
52.7
Iron and steel
1923-25=100..
44.8
36.2
29.5
49.0
49. 3
43.7
47.1
59.8
50.0
64.2
69.3
54.4
Leather and products
1923-25 = 100
45.9
57.4
50.8
64.0
53. 3
68.7
41.7
49.0
46.2
62.2
55. 8
Boots and shoes
1923-25=100,
46.0
49.2
67.7
48.6
54.9
48. 4
67.0
60.9
74.4
50.9
50.3
71.4
53.9
Leather
1923-25=100
45.4
66.4
75.1
56.6
70. 9
75. 4
74.8
75. 3
16.3
24.1
16.3
14.3
28.9
Lumber and products
1923-25=100,.
24.6
15.6
18.0
21.7
30.0
33.1
33. 5
26.0
42.4
24.0
38.9
Machinery
1923-25=100
26.3
24.4
35.7
27.4
32.0
43.3
43.4
43^0
41.2
27.4
50.4
46.2
27.5
25.1
27.4
46.5
Metals nonferrous
1923-25=100..
41.4
47.2
46.2
34.5
51.4
50.2
67.0
63.3
74.3
65.8
62.4
70.8
Paper and printing
1923-25=100
67.8
64.9
66.6
77.2
76.0
74.6
75. 6
35.4
64.4
Rubber products
1923-25=100,
60.2
35.8
31.1
65. 2
34.2
46.2
57.3
57.8
62.9
62.8
60. 7
66.4
34.8
31.7
69.7
35.7
Auto tires and tubes
1923-25=100,.
60.6
35.2
49.0
62.0
62.8
62.0
55. 8
59. 0
38.0
28.6
Boots and shoes
. .1923-25=100..
36.3
56.5
47.3
58.7
30.2
38.4
34.7
63.4
65.9
65. 9
67.6
44.2
48.2
67.0
41.3
Textiles and products
1923-25=100
45.2
58.9
58.9
53.6
46.8
69.2
58.1
70.7
63. 0
48.4
40.8
77.0
46.6
67.2
Fabrics
1923-25=100..
65.5
43.0
50.1
60.5
75.2
75.1
71.1
66. 8
39.2
42.4
46.9
47.7
41.9
45.4
39.4
Wearing apparel
1923-25= 100, _
40.1
49.8
61.8
57.1
46. 5
40. 3
48.2
38.3
40.2
36.0
Tobacco manufactures
.1923-25=100,
47.3
42.9
35.9
45.5
47.3
54.4
50.4
52.3
55.5
29.2
43.9
34.0
32.1
Transportat ion equipment
1 923-25 = 100. .
38.3
30.6
44.1
35.3
36.0
43.0
41.7
40.2
38.0
27.0
36.3
32.2
52.5
Automobiles
1923-25 = 100
40.4
46.1
32.3
43.2
55.0
43.3
37.3
50.1
43. 3
30.8
30.8
29.9
31.4
36.4
Car building and repairing ..1923-25 =100..
28.6
30.6
29.8
33.7
35.9
38.7
36. 5
35.6
40.3
44.2
49.5
Shipbuilding
1923-25 = 100
46.6
44.9
37.4
40.3
40.3
59.7
58.8
56.8
61.2
58. 0
Factory by cities:
41.4
65.4
"41.9
42.5
58.1
Baltimore*
1929-31 = 100
61.4
44.3
46.9
50.9
68.8
67.5
« 63.1
65. 1
28.4
25.7
39.5
28.6
26.4
35.2
Chicago*
- - 1925-27=100..
32.2
29.3
38 9
39.9
39.4
37.5
37. 3
27.7
52.0
30.2
30.3
Milwaukee*
1925-27=100
47.7
34.8
49.8
38.7
45.8
53.4
51.8
51.7
51.5
43.7
50.5
44.0
47.4
New York *
_ .1925-27 =100..
45.1
46.0
45.6
46.5
53.7
57.3
55.9
53.2
53. 6
37.5
40.1
48.0
54.8
39.6
37.9
54.4
41.8
45.3
Philadelphia!
1923-25=100
59.4
63.1
57.2
59. 8
24.2
26.4
25.7
42.3
52.7
Pittsburgh*
1923-25=100
27.5
30.5
38.7
41 9
49.0
47.6
46.4
45.7
Factory, by States:
51.4
47.0
64.9
49.6
66.0
51.2
63.4
45.0
56.9
Delaware t
1923-25=100
67.7
67.7
65. 5
66.5
27.2
28.5
42.6
29.6
37.9
Illinois
1925-27-100
28.2
35.4
31.3
40.5
43.0
43.0
40. 3
40.5
67.9
45.7
44.0
60.5
Maryland*
1929-31 = 100
«44. 6
45.9
49.1
53.1
64.8
73.8
73. 0
67. 4
(59. 5
37.2
57.3
42.3
39.7
53.0
42.2
Massachusetts *f
1925-27=100 .
38.0
47.0
53.1
59.4
59. 4
52. 8
47.5
43.5
57.5
46.2
54.4
45.2
52.1
58.4
48.1
New Jersey t
- 1923-25=100
61.6
60.0
62.' 0
61.2
38.4
40.7
51.0
40. 1
48.0
New York
1925-27=100
42.4
40.1
45.1
51.8
55.0
54. 1
51.8
51.3
32,5
53.0
34.8
45.3
33.7
33.4
37.6
42.0
Pennsylvania!
1923-25=100
46.7
53.5
55. 0
52. 3
50. 5
53.3
49.2
32.5
34.0
32.6
Wisconsin
1925-27=100
40.6
46.8
36.4
50. 5
53.8
55. 3
52. 3
50. 1
Nonmanufacturing (Department of Labor):
Mining:
43.2
46.6
56.8
48.8
38.2
Anthracite
1929=100
37.4
73.2
30.0
34.3
61.6
60.7
47.8
44. 3
43.3
37.2
30.7
Bituminous coal _.
1929=100
36.1
33.6
29.2
26.9
51.3
26.6
44.1
44.1
50.7
50 8
17.4
21.9
17.8
Metalliferous
1929=100
18.1
19.0
17.0
18.3
25.4
16.4
23.9
25. 9
26. 2
25. (5
42.5
42.5
41.7
Petroleum, crude production. ..1929= 100..
39.9
42.2
40.1
41.6
40.6
53. 0
44.4
50.1
50. 3
53. 2
29.9
17.4
17.8
Quarrying and nonmetallic
1929 = 100..
18.1
28.4
20.2
23.8
27.5
21.3
29.3
31.2
24. 4
28.3
Public utilities:
58.2
59.4
60.6
Electric railroads
1929 = 100..
60.9
58.2
57.4
58.1
58.0
59. 2
57.8
59. 8
59. 4
59. (i
Power, light, and water
1929=100
73.0
71.6
71.9
70.9
70.0
69.4
69.9
69.9
73.8
71.8
76. 2
74.5
74.4
Telephone and telegraph
. 1929=100
71.7
71.9
71.6
66.1
66.7
67.8
68.5
69.0
66.6
07.0
64.6
(57. 7
(57. 7
Trade:
58.4
62.7
62.7
55. 1
Retail
1929=100
58.1
60.4
59.5
60.5
68.8
69.2
72.6
80.3
61.7
57.1
60.8
Wholesale .
.
1929=100
59.1
i.8.6
57.4
57.3
56.0
63.9
66^0
62.3
64. 1
64. 5
Miscellaneous:
9
85.2
84.3
84.4
Banks, brokerage houses, etc.*t_ 1929=100..
83.7
83.2
84.8
88.1
84.7
84.5
86.1
87.4
25.9
24.2
Canning and preserving
1929=100..
24.8
68.3
46.2
33.5
31.8
35.4
36.7
127.0
87.1
50. 8
39. 0
42.4
46.6
41.0
Dyeing and cleaning *
1929=100..
52.8
56.7
52.8
49.4
54.6
53.9
60. 6
60.3
55. 4
50. 0
55.7
55.9
54.0
53.5
Hotels
.1929=100
51.7
51.8
52.3
53.3
60.8
55. 6
56. 2
55 2
57. (5
l
55.5
57.9
52.9
Laundries*
1929=100
57.6
56.7
56.1
54.0
54.5
58 )
59. 7
60.6
58. 3
57! 9
WAGES-EARNINGS AND RATES
Factory, weekly earnings (25 industries): *
16.21
16.13
All wage earners
dollars
14.56
19. 25
19.15
15.39
18.49
16.71
18.79
19.46
19.46
18. 51
18.58
Male:
18. 67
16.54
Skilled and semiskilled
dollars
18.83
22.16
18.94
17.75
21.18
21.99
21.47
22. 40
22.04
21 "°
21.15
13.92
12.27
Unskilled
dollars..
13. 89
14.42
16.17
13.30
15.83
16.48
15. 79
16. 59
15. 97
15. 02
15. 21
9.93
10.97
10.96
13.83
Female.
.dollars..
10.09
12.30
12.93
11.03
13. 45
14. 28
14.21
13.79
13. 53
60.9
60.6
54.7
All wage earners
.1923=100
72.3
57.8
62.8
69.5
72.0
70.6
73.1
73.1
69.6
69.8
Male:
60.6
Skilled and semiskilled
1923=100..
53.7
61.1
61.5
71.4
71.9
57.6
68.8
69.7
72.7
71.6
68.9
68.7
62.3
62.5
55.1
Unskilled....
...1923=100-.
59.7
64.7
74.0
72.6
71.1
70.8
74.5 1
71.7
67. 4
68.3
63.6
63.6
57.6
80.2
Female
.
1923—100
58.5
64.0
71.3
75.0
78.0
82.4
82.8
80.0
78.5
Factory, av. hourly earnings (25 industries) :
.464
.468
.460
All wage earners *
dollars
.452
.460
.453
.455
.497
.551
.540
.531
.545
«. 550
Male:
.529
.527
.521
Skilled and semiskilled *._
dollars..
.522
.517
.560
.511
.513
.608
.590
.596
.604
«. 609
.391
.381
.375
Unskilled *
dollars..
.373
.368
.369
.375
.409
.456
.432
. 444
.445
.451
.303
.298
.294
Female *
.dollars..
.362
.299
.303
.297
.300
.411
.403
.395
.404
°. 405
a
Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: Weekly earnings and turnover rates p. 20, Oct 1932;
hourly earnings and pay rolls in Maryland, Massachusetts, Baltimore, and Milwaukee, pp. 18 and 19, Dec. 1932; pay rolls of laundries, dyeing and cleanin* establishments,
and banks, brokerage houses, etc., and factory pay rolls in Chicago and New York, pp. 19 and 20, June 1933; Pittsburgh pay rolls p 18 Jan 1934
t For revised data refer to the indicated pages as follows: Labor disputes, 1932, p. 29, July 1933; pay rolls in Delaware, New Jersey, Pennsylvania, and Philadelphia p
19, Sept. 1933; pay rolls in Massachusetts, 1931, 1932, and 1933, p. 19, Aug. 1933; pay rolls of banks, brokerage houses, etc., 1932, p 29, Jan 1934
ts
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January '
\
March 1934
1933
|j!yU~
March
April
I
j June
i
May
July
August
^m" October Novem- December
ber
Sei
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES-EARNINGS AND RATESContinued
Factory, weekly earnings, by States:
1923-25—100
L Delaware
1925-27=100
y Illinois
Massachusetts* t
1925-27—100
Fi New Jersey
1923-25 -100, _
i New York
1925-27 = 100..
i Pennsylvania.. -.
1923-25= 100. _
Wisconsin
1925-27=100 Miscellaneous data:
Construction wage rates:*
Common labor (E.N.R.)
dol. per hourSkilled labor (E N R.)
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. Steel Corporation
dol. per hour..
Youngstown district percent base scale,.
74 6
68 4
72 5
83.3
78.7
09. 6
64 1
70 2
60.2
68 3
82 2
72.4
55.7
53.1
71 7
61 9
70 1
82.7
72.3
56.8
54.1
68 3
57.4
66 2
78.9
71.6
55.7
52 1
67 2
59. 1
67 4
82.0
72. 6
57.6
53.9
72 8
63 1
72 1
83.4
74.2
61.9
58.5
74 7
66.9
74 7
85.4
75.8
66.9
62.2
78 7
67 1
76 7
85.4
77.2
68.8
61.9
72 3
67 8
78 1
84.7
77.6
74.9
66 2
72 4
66 6
79 0
83.3
79.0
72.2
64 8
74 6
67 3
77 5
84.5
77.8
73 9
66 6
72 8
65 6
76 2
85.0
76.8
71 5
64 5
75 1
66 7
71 °
84.7
77.4
71 5
63 3
.527
1 06
.427
99
.429
1 00
.427
99
.434
1 00
.444
99
,439
99
.443
99
.452
1 02
.506
1 03
.510
1 04
.520
1 06
. 514
1 05
.616
631
.607
.613
.602
.603
608
.597
603
613
24 90
616
.32
.39
.20
35
.44
.33
.51
21
.35
32
!40
.19
.36
.43
.34
.50
21
.34
.27
.33
.41
.20
.36
.43
.32
.49
22
.34
.27
.33
.39
.20
.35
.43
.32
.50
22
.34
.28
.33
.39
.20
.35
.42
.33
.49
23
.34
.28
.34
.41
.20
.35
.44
.35
.51
.22
.35
.27
.35
.42
.20
.35
.43
.37
.50
23
.35
.28
.38
.45
.40
39
47
.39
'.28
. 37
.43
.20
.37
.44
.40
.55
25
. 37
. 29
24
.37
.30
.38
31
.38
94.0
.38
94.0
.38
94, 0
.38
94.0
.44
101.5
.44
101.5
.44
101.5
. 4/1
101.5
.44
101.5
.44
101.5
22.98
.37
.45
.23
.41
.48
.40
.58
21
.38
.29
.44
101. 5
.32
.38
.20
.36
.43
.35
. 50
22
.34
.27
.38
94.0
.38
94.0
24.27
25.89
.606
.'43
.20
. 44
.38
.52
•J?
38
.38
. 45
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mills, of doL.
Held by Federal Reserve banks:
For own account
mills, of dol
For foreign correspondents
mills, of dol...
Held by group of accepting banks, total
mills, of dol.._
Own bills
mills, of dol
Purchased bills .
. ..mills, of dol._
Held by others
mills, of dol..
Commercial paper outstanding
mills, of dol..
Agricultural loans outstanding:
Credit banks, intermediate
mills, of dol..
Land banks, Federal
mills, of dol..
Land banks, joint-stock
mills, of doL,
Bank debits, total
mills, of dol. _
New York City
mills, of dol
Outside New York City
mills, of dol._
Brokers' loans:
Reported by New York Stock Exchange
mills, of doL.
Ratio to market value
percent-.
By reporting New York member banks
mills, of doL .
Federal Reserve banks:
Acceptance holdings. (See Acceptances.)
Assets, total
mills, of doL.
Reserve bank credit outstanding
mills, of doL.
Bil^s bought
mills of dol
Bills discounted
-- - mills, of dol-..
United States securities
mills, of dol..
Reserves, total
miils. of dol...
Gold reserves!
..
. .mills, of dol...
Liabilities, total
mills, of dol._
Deposits, total
mills, of dol._
Member bank reserves
mills, of dol._
Notes in circulation
-.mills, of dol._
Reserve ratio
percent- ..
Federal Reserve member banks:*
Deposits:
Net demand
.mills, of doL.
Time
mills of dol
Investments
.
mills, of doLLoans, total..
mills, of doL_
On securities
~. .mills, of dol..
All other loans
mills, of dol..
Interest rates and yield on securities:
Acceptances, bankers' prime
percent-.
Bond yields. (See Bonds.)
Call loans, renewal
percent..
Com'l. paper, prime (4-6 mos.)
percent..
Discount rate, N.Y.F.R. Bank
percent-Federal land bank loans
percent-Intermediate credit bank loans
percent..
771
707
704
671
697
669
687
738
694
715
737
758
764
105
2
307
280
164
13
41
2
1
1
1
18
127
4
41
30
45
43
36
36
37
40
41
31
3
4
567
255
312
95
626
256
370
38
325
201
124
42
261
153
108
85
404
206
199
86
505
229
276
115
487
201
287
123
552
248
304
147
499
252
247
154
517
236
282
156
592
271
321
112
599
273
326
138
442
223
219
190
108
85
84
72
64
60
73
97
107
123
130
133
109
150
1,287
344
27, 221
14, 023
13, 198
88
1,112
404
24, 466
86
1,107
395
22, 062
12, 454
9, 608
85
1,105
390
22, 624
29,712
127
1,110
372
24, 555
12,340
12,215
141
1, 156
362
24, 131
12, 204
12, 375
133
1,125
364
2fi, 307
13, 280
13, 027
149
1, 213
354
26, 301
16, 743
12, 969
89
1. 101
'378
31 232
17! 354
13, 878
107
1,104
375
25, 451
10, 612
83
1,103
386
25, 486
13, 977
11, 509
82
1, 102
382
12, 053
87
1, 110
399
22, 437
12, 036
10, 401
11,927
13, 288
903
2.42
359
1. 56
360
1.83
311
1.56
322
1.20
529
1.63
780
2.15
916
2.80
917
2.50
897
2.74
776
2.58
789
2. 43
845
2.55
888
454
418
371
512
635
764
876
881
806
749
720
837
6,989
6, 033
6, 464
6,610
6,606
6,466
6, 531
6,442
6,607
6,735
6, 889
6,865
7, 041
2, 630
111
2,077
2, 459
171
435
1,837
3, 633
3, 416
6. 60(i
2,218
20
302
1,890
3. 807
2,209
2,297
2,421
2, 549
2, 581
24
119
2, 432
3, 77*
3, 573
6, 865
2,688
1, 7fi3
2, 572
305
420
1, 838
2,220
2. 434
3, 792
3, 557
6, 989
3, 035
2, 652
2, 926
63.6
2, 554
2, 446
2, 725
65.5
2 794
'336
582
1,866
3, 1 2fi
2, 952
6, 464
2, 236
2,141
3,417
55.3
11,118
11,233
12,413
81
274
3, 457
3, 25G
6,033
3,455
3, 250
6, 610
2, 133
1,949
3, 696
59.3
9 90fi
12,012
6, 466
48
164
1,998
3,813
3, 543
6, 531
2,132
3, 428
62.6
2, 167
2, 292
68.0
68.2
10, 348
4, 330
10,918
4,282
10, 741
8,485
8,213
8, 452
2,380
4, 554
9, 745
4, 330
7. 609
8, 332
3, 644
4, 688
A
y*r*A
K-*A
iH-3^
VrVA
1. 00
1H-1H
1.00
1.00
1M-1M
2. 50
5.58
3.10
5 50
3.32
1.37
2-3 H'
4, 367
8,772
8, 349
3, 609
4,740
1
' 2. 00
5. 00
2.98
4,611
7.974
8, 782
3,751
5,031
iM-iM
2.50
5.58
3.17
4,315
7. 619
8. 281
3,727
1
\ A-VA
•3.50
5.58
3.10
7,884
8, 404
3,698
4,706
«3.00
5. 58
3.10
3,520
2,394
3,203
7,941
3, 713
4,772
1
A
1.00
2-2K
«2.50
5.58
3.10
2,494
3,094
4,406
3,748
4,704
3
/8
1.00
lVg-2
2.50
5.58
3.10
9
167
2,028
3, 793
3, 548
6,442
2,544
2,294
3,012
68.3
10, 475
4, 533
8,011
8. 546
13,076
7
153
2, 129
3.820
3, 588
6, 607
2, 675
2,409
2,988
128
2,277
3,805
3, 591
6, 735
2,748
2, 438
3,002
67.4
66.2
10, 427
4, 508
10, 505
4, 501
8,074
7,989
3,772
4,774
8, 533
3, 766
8, 540
3, 887
4,767
4,853
WK
H-H
K
1.00
.98
I**
2.50
5.00
3.10
.75
1M-1H
2.50
5.00
3.13
iM-i%
2 50
5.' 58
3.10
116
2, 421
£ 817
3, 591
6, 8<9
2, 885
2, 685
2, 960
65.2
10, 653
4, 470
8, 156
8, 593
3, 604
4, 989
2,796
2,573
13,013
133
98
2,437
3,794
3, 569
7, 041
2, 865
2,729
3, 030
64.8
:>. 080
10,751
10, 952
4,351
S, 200
8, 885
3, 620
4,410
8,104
8, 508
3, 569
4, 999
63.8
4,765
1
M-H
H
.75
. 75
1H
c 2.00
5. 00
3.04
.94
A
1M
e 2. 0')
5. 00
3.13
li4-li/2
c 2. 00
5. 00
2.96
Stock yields. (See Stocks.)
1
5
s^-l
Time loans, 90 days.
percent-1-134'
/<B4
*A-1A
M-K
1-1M
A M-iM 2M-3H 1-1H l-llA
K-Ui
M-i
Savings deposits:
5, 064
5,079
5, 049
5,029
5,085
5, 059
5,113
5, 164
5,130
5,317
5,220
5, 269
5, 067
New York State
mills, of doL.
# Beginning with March 1932, method of computing rates was changed. ' Rate changed Mar. 3, Apr. 7. May 26, and Oct. 20, 1933.
* New series. For earlier employment data see p. 18 of the December 1932 issue. Data for construction wage rates appeared on p. 19 of the September 1933 issue,
ederal
Earlier data for Federi Reserve member banks shown on p. 18 of the January 1934 issue. These data cover 90 cities and supersede the previous data for 101 cities. They
are available only from January 1932 to date.
t For revised data on Massachusetts weekly earnings, 1931, 1932, and 1933. see p. 19, August 1933 issue.
§ January 1934 figure represents gold certificates on hand and duo from U.S. Treasury, plus $43,356,000 redemption fund Federal Reserve notes.
March 1934
31
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1822 Annual Supplement to the Survey January January February
1933
i
March | April
May
June
July
August Septem- October Novem- December
ber
ber
FINANCE—Continued
BANKING— Continued
Savings deposits— Continued.
U.S. Postal Savings:
Balance to credit of depositors
thous. of dol— 1,200,981 943, 377 1,007,080 1,113,923 1,159,795 1,180,336 1,187,186 1,176,669 1,177,667 1,180,668 «1,188,871 1,199,281 1, 209, 425
Balance on deposit in banks
thous. of dol— 928, 443 ! 797, 169 852, 986 935, 987 974, 142 978, 286 976, 377 960,170 947, 822 937, 4C9 «918, 644 923, 216 927, 183
'
FAILURES
!
Bank suspensions:
241
Total
_- .number
148
Deposit liabilities
thous. of doll135, 020
72, 870
Commercial failures:
1,472
1 , 206
1,921
1,116
1,948
1,648
Total
..number.. 1, 364
2,919
1,909
1,421
1,237
2, 378
1,132
114
112
Agents and brokers
number
172
150
133
115
157
161
147
120
106
118
100
362
314
273
Manufacturers, total
number..
500
462
422
466
357
565
325
258
311
25
9
4
15
9
13
(i
Chemicals, drugs, and paints.. .number..
17
10
17
7
6
46
35
42
20
Foodstuffs and tobacco
number
43
41
60
47
48
33
31
30
23
11
Leather and manufactures
number..
11
4
18
13
17
13
17
11
18
9
12
13
40
42
Lumber
- . number
55
37
36
62
45
44
59
24
30
34
28
46
38
31
Metals and machinery
number
69
51
49
68
66
26
43
61
39
22
Printing and engraving
number27
27
18
13
20
40
33
38
20
27
16
22
22
24
17
17
Stone, clay, and glass
.number __
22
11
17
19
17
20
16
11
Textiles
number
41
IP
43
44
30
15
75
64
45
34
42
32
29
121
119
Miscellaneous
- number
219
179
131
123
203
157
154
145
105
117
105
1,153
Traders, total .
..number..
2,182
1,336
1,282
1,003
728
1,721
1, 352
780
976
951
820
774
11
Books and paper
number
9
13
18
5
29
20
10
19
15
18
7
It
Chemicals, drugs, and paints. . .number..
121
99
58
160
86
97
63
129
119
100
78
87
80
Clothing
number
194
200
148
115
81
361
230
239
507
212
138
117
116
Food and tobacco
.number.
400
387
284
450
351
387
310
495
431
364
330
319
302
41
41
General stores
number..
46
35
169
107
96
61
69
34
36
41
40
355
134
Household furnishings
number
212
174
93
105
412
268
224
146
125
99
%
236
174
Miscellaneous
number
318
138
294
245
170
272
410
177
154
150
129
Liabilities, total
thous. of dol — 32, 905 79, 101 65, 576 48, 500 51,097 47, 072 35, 345 27, 481 42, 776 21, 847 30, 582 25, 353
27, 200
Agents and brokers
_ thous. of dol.
4,420
9,367
4,833
9,157
7,713
11,433
6, 407
8, 074
8,447
5, 655
o. 529
5, 282
9, 090
15, 192
Manufacturers, total
—thous. of dol— 9, 265 30, 747 24, 363 17, 5S3 18, 737 19, 021 13,047
7, 646
8, 850
8,282
7, 808
8, 658
Chemieals, drugs, and paints
thous. of dol—
150
650
5, 599
14
267
287
739
341
607
121
34
89
764
372
Foodstuffs and tobacco thous. of dol —
1,170
493
1, 233
545
228
797
526
279
380
184
Leather and manufactures
35
thous. of dol—
151
2, 310
345
322
421
311
14
525
559
195
576
405
2,652
3,342
Lumber
thous. of dol—
2,102
2.542
2,166
4,255
2,539
3,618
993
2, 285
991
1,095
1,748
2,464
2, 995
Metals and machinery..-.. thous. of dol— 1 , 228
452
2, 179
3,326
2,766
2,867
5,098
771
858
1,017
1,372
Printing and engraving thous. of dol—
374
213
678
404
923
461
1,410
415
1, 726
420
568
323
1,482
Stone, clay, and glass
thous. of dol—
631
874
1,007
671
248
975
1,271
1,118
436
503
506
487
591
Textiles
thous. of dol—
4, 385
1, 120
904
668
94S
355
1,463
951
1 123
689
437
343
5,125
6,661
Miscellaneous
thous. of dol— 4, 243 13,457
8,467
3,510
4, 537
7,389
7, 628
5, 803
2, 635
3,707
Traders, total
thous. of dol_. 18, 111 36, 921 32, 056 23, 204 25. 954 20, 877 17, 878 13, 544 18, 217
13, 285
9,368
12,' 263
9, 446
l
72
221
320
Books and paper
thous. of dol—
334
374
90
293
687
31
223
>31
61
195
Chemicals, drugs, and paints
1,574
thous. of dol—
1, 376
1,103
1,806
4,093
1,366
746
1,277
598
882
826
792
750
Clothing
thous. of dol—
2, 432
2,347
1,012
6,224
5, 051
3, 576
2,888
2, 741
1,113
1,401
2,271
1, 149
1,232
6. 757
Foods and tobacco
thous. of dol
5,064
7,987
3, 859
5,805
2,928
4.619
5, 766
4, 576
3,971
7, 164
4,068
2, 854
General stores
thous. of dol—
491
3, 040
952
587
595
3,600
793
218
1,608
540
446
420
371
2,334
Household furnishings
thous. of dol—
7,324
3, 331
9,249
4,672
4, 421
6,378
1,754
1,910
2, 146
2,363
1, 324
1 , 633
4, 394
4,810
Miscellaneous
thous. of dol - - 4, 933
5, 656
7,206
7,054
5, 140
9,903
6, 447
4, 258
4, 1 40
2, 720
LIFE INSURANCE
(Association of Life Insurance Presidents)
17, 134
16,984
Assets, admitted, totalf
...mills, of dol —
17. 020
17, 030
17,212
17,250
16, 966
17,047
17, 162
16, 981
17, 107
Mortgage loans
_. mills, of dol—
5, 837
6,077
5,910
6,110
6, 002
5, 747
6, 033
5, 960
5, 700
5, 794
5, 876
Farm
mills of dol
1,300
1.382
1,322
1, 368
1,266
1,394
1,357
1,343
1,248
1,311
1,286
Other
.
mills, of doL
4,537
4,695
4, 665
4, 645
4,588
4, 481
4,716
4,617
4, 452
4,508
4, 565
Bonds and stocks held (book value)
6,389
mills, of dol. .
6, 259
6,480
6, 238
6, 266
6, 275
6, 293
6, 267
6, 599
6,428
6,326
1,569
Government
mills of dol
1,494
1,427
1,465
1,406
1,447
1, 650
1,466
1,522
1,599
1,762
1,681
Public utility
mills of dol
1,672
1,692
1,670
I, 666
1,671
1,665
],669
1, 689
1 , 697
1,671
Railroad .
mills, of dol—
2,619
2,638
2,637
2,631
2, 627
2,613
2, 618
-2, 618
2,615
2, 619
2, 620
Other
mills, of dol—
520
523
523
518
517
518
517
520
521
520
518
_ -Policy loans and premium notes
mills, of dol
2,957
2,997
2,987
2,967
2,P7 r
2,987
2,970
2, 945
2,951
2, 965
2,939
Insurance written: f
1,039
Policies and certificates
thousands—
934
1,156
923
1,034
1,076
1,082
1,047
996
1,076
962
1,071
1, 096
Group
thousands
29
18
14
12
14
9
25
14
23
33
33
30
47
7-i 7
Industrial
.
thousands
766
792
881
681
762
686
776
812
802
702
772
773
244
Ordinary
thousands—
239
257
227
235
258
259
258
246
242
226
269
275
Value, total,.
thous. of doL 665, 457 614, 431 609, 725 640, 414 628, 778 645, 320 687, 776 666, 095 688, 620 577, 776 657, 362 681,049 715, 256
Group
thous. of dol— 32, 673 22, 546 16, 842 17, 345 21,711 22, 450 43, 295 42, 456 24, 437 23, 028 25, 920 41,483
55, 693
Industrial
thous. of dol— 197, 108 168, 312 168,400 187, 761 183, 462 190, 138 198, 046 205, 780 229. 545 180, 105 212,452 202, 843 194,030
Ordinary
thous. of dol. 435, 676 423, 573 424, 483 435, 308 423, 605 432, 732 446, 435 417, 859 434, 638 374. 643 418, 990 436, 723 465,533
Premium collections f
thous. of dol —
242, 251 229, 590 229, 160 227, 102 241, 776 237, 338 254, 831 223, 281 208, 976 225, 336 214, 682
324, 877
Annuities
_
thous. of dol—
21, 900
17,612
17. 283
22, 056
14, 545
13,906
15, 308
19, 024
17, 051
36, 407
15, 876
30,012
7,902
Group
.
.
thous. of dol
7,412
9, 235
7,571
8,718
6. 878
7, 786
8,252
7,216
6,842
9, 226
6, 909
Industrial
thous. of dol—
47, 853
51, 997
50, 987
59, 243
50, 448
48, 519
53, 440
53,612
54, 025
52,939
46, 253
113,588
Ordinary
thous. of dol —
156, 161 152, 739 155, 449 157, 799 165, 242 156, 883 156, 147 145, 626 132, 144 145, 484 145, 644
172,051
(Life Insurance Sales Research Bureau)
Insurance written, ordinary total
472
mills, of dol—
474
462
464
493
481
495
490
483
465
418
504
548
202
Eastern district _ . . _ _ . mills, of dol
207
217
209
206
213
209
194
195
211
167
2.15
217
44
Far Western district
._ mills, of dol—
43
48
46
47
49
47
45
50
45
43
50
56
Southern district
mills, of dol—
53
51
58
48
48
53
55
54
56
52
58
67
Western district
_ .
mills, of dol
174
172
180
166
160
158
178
177
182
172
156
181
208
Lapse rates
1925-26=100
132
154
136
133
MONETARY STATISTICS
Foreign exchange rates: #
Argentina.. „ _ _
dol. per gold Deso
0.794
0. 583
b 0. 335
0.586
0.586
0. 605
0.679
0.711
0. 920
0. 758
0.807
0.861
0.861
Belgium
dol per belga
.192
.220
.139
.140
.140
.145
.163
. 223
.217
.195
.171
.207
.207
Brazil
dol. per milreis
.086
.080
. 086
.076
.076
.076
.076
.076
.076
.086
.079
.082
. 085
Canada
dol. per Canadian dol j
. 995
.875
.835
.943
.976
1.012
1.006
.835
. 847
.876
.899
.945
.965
. 095
Chile
dol. per peso..!
.060
.060
.082
.060
.063
. 096
.060
. 075
.084
.089
. 101
.087
England- .
.
dol. per £
5. 05
3.36
3.42
3.43
3.58
3,93
4. 14
4.50
5.15
5. 1 2
4.65
4.67
4.66
France
dol per franc
062
.039
.041
.054
. 063
.061
.039
.039
.046
. 058
.048
.055
.058
Germany
dol. per reichsmark—
'. 376
.382
.238
.238
.239
.244
.274
. 288
.333
.327
.354
.354
. 373
t Revised. Forfe earlier data see pp. 1R, 20 of trip Jnlv 1933 issue (insurance written and admitted assets): and p. 18 of the 'June 1933 issue (premium collections)
a rtevispd.
Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56.
it Par value
of foreign currencies as given on pp. 86-87 of 1932 annual supplement were oliunged with the reduclion in gold content of the United States dollar.
32
SURVEY OF CURRENT BUSINESS
1934
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 January January
March 1934
1933
March
ary
April
May
June
^ust hr-
July
October Novem- December
ber
FINANCE—Continued
MONETARY STATISTICS— Continued
Foreign Exchange Rates— Continued.
0.384
India
dol. per rupee.083
Italy
dol. per lira..
.301
Japan
_
dol. peryen..
. 636
Netherlands
dol per florin
.130
Spain
dol. per peseta-. 260
Sweden
. . - dol. per krona..
.758
Uruguay . dol. per peso..
Gold and money:
Gold:
Monetary stocks, U.S
mills, of dol— « 4, 323
Movement, foreign:
Net release from earmark ... thous. of dol _ _ 12,205
4, 715
Exports
thous. of dol—
1,947
Imports
thous. of dol._
Net gold imports, including gold released
9, 438
from earmark#*
thous. of dol —
907, 641
Production Rand
fine
ounces
Receipts at mint, domestic fine ounces__ 116, 543
5, 669
Money in circulation, total
mills, of dol—
Silver:
859
Exports
thous. of dol
3, 593
Imports
thous. of dol .
. 442
Price at New York .
dol. per fine oz_.
Production, estimated, world (85 percent of
total)
thous. of fine oz_. 11,301
1,368
Canada
thous, of fine oz_.
6, 000
Mexico
thous. of fine oz_.
United States .
. thous. offineoz._ 2,025
Stocks, end of month:
United States
- . -thous. offineoz.. 7, 275
Canada
. - --thous. offineoz_. 2, 055
NET CORPORATION PROFITS
(Quarterly)
Profits total
mills of dol
Industrial and mercantile, total
mills, of dol Autos, parts and accessories, mills, of dol..
Foods
mills of dol
Metals and mining.
- mills, of dol..
Machinery „
mills, of dol ._
Oil
mills, of dol —
Steel and railroad equipment
mills, of dol —
Miscellaneous—
mills, of dol —
Public utilities
mills, of dol ..
Railroads, class I
mills, of doL.
Telephones
mills, of doL.
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month
mills, of dol... 25, 068
Expenditures, chargeable to ordinary
receipts--..-thous. of dol — 189, 014
Receipts, ordinary, total
thous. of dol — 229, 118
Customs
thous. of dol — 26, 306
182, 405
Internal revenue, total __
thous. of dol
Income tax
.thous. of dol — 15, 850
Reconstruction Finance Corporation loans outstanding, end of month:
Grand total
thous of dol
Total section 5 as amended.. -thous, of dol...
Bank and trust companies including
receivers
thous. of doL. i
Building and loan associations
thous. of dol —
Insurance companies
thous of dol
Mortgageloan companies.. .thous. of dol..
Railroads, including receivers
thous of dol
All other under section 5... thous. of doL.
Total emergency relief and construction act 1i
as amended
thous. of dol —
Self-liquidating projects. _ thous. of dol
Financing of exports of agricultural surpluses..
__
thous. of dol..
Financing of agricultural commodities,
and livestock
thous. of dol—
Amounts made available for relief and
work relief
thous. of dol —
Total bank conservation act as amended
thous. of dol .
Agricultural adjustment act of 1933
thous. of dol..
CAPITAL ISSUES
Total, all issues (Commercial and Financial
Chronicle)
thous. of dol — 90, 243
Domestic, total
thous. of dol — 90, 243
Foreign, total
thous. of dol.. i
0
Corporate, total
thous. of dol— ! 7. 483
Industrial
thous. of dol — i 5, 983
Investment trusts
thous. of dol..
0
Land, buildings, etc
thous. of dol— i
o
()
Long-term issues
thous. of dol...
Apartments and hotels. ..thous. of dol— i
0
Office and commercial ...thous. of doL. !
o
Public utilities _
..
thous of dol 1 1 , 500
Railroads..
thous. of doL. !
°
Miscellaneous
thous. of dol..
Farm loan bank issues.
...thous. of dol— 28, 000
Municipal, States, etc
thous. of dol — i 54, 759
0. 254
.051
.207
.402
.082
.183
.473
0.258
.051
.208
.403
.082
.183
.473
0.258
.051
.213
.404
.084
.182
.474
4, 547
4,491
4,260
0.269
.054
.221
. 420
.089
.188
.478
0.296
.061
.240
.470
.100
.202
. 532
0.311
.064
.258
.490
.104
.213
.560
0.349
.074
.288
.562
.117
.240
.651
0.339
.072
.269
.554
.115
.232
.648
0.350
.078
.273
.599
.124
.241
.702
0.350
.078
.278
.600
.124
.241
.708
0.384
.082
.307
. 629
.128
. 264
. 74(5
0.383
.084
.304
.646
.131
. 266
. 763
4,301
4,313
4,317
4,319
4, 323
4,327
4,324
4, 323
4, 323
33, 701
16, 741
6, 769
22, 114
22, 925
1,785
3,545
4,380
1,136
84, 471
85, 375
1,496
79, 467
81,473
1,085
49, 305
58, 281
1,544
26, 867
34, 046
1,696
600
2,957
1,894
11,780
10, 815
1,687
36, 957 -169,409 -113,287 23, 729
967, 457 883, 775 946, 863 895, 097
1 15, 188 89, 016 187, 694 120,461
5, 631
5,892
6,998
6, 137
975
944, 604
114,017
5, 876
301
918, 633
64, 445
5,742
592
923, 671
99, 581
5,675
-921
934, 714
86, 265
5,616
-7,442
901, 799
105, 985
5.632
-5, 483
908, 888
155, 532
5,656
-91, 494 *- 178,285; *- 100,092
14
21,251 ! 28, 123
128, 479
30, 397
14, 948
2, 652
—463
898, 468 "894,156
162, 280
184, 622
5, 681
5,811
1, 551
1,763
.254
209
855
. 261
269
1,693
.279
193
1, 520
.307
235
5,275
.341
343
15,472
.357
2,572
5,386
.376
7,015
11, 602
.361
3,321
3, 490
.384
2, 281
4,106
.382
464
4,080
.430
590
4,977
.436
11,674
1,007
7,159
1, 960
9, 658
1,019
5, 547
1,603
11,656
1,309
6, 436
2,574
9,003
1,015
4,628
1,907
9,772
1,014
5,197
1, 933
8,726
644
5,067
1,465
10, 226
1,227
5,738
1,552
10,917
1,747
5,920
1,489
9,676
1,618
4,324
1,918
12, 019
1,638
6,661
1,781
11,317
1,474
6, 033
1,863
« 10, 083
1, 131
» 5, 391
1, 562
5,444
1, 559
5, 432
1,640
7, 060
1, 859
8,261
1,831
8, 568
1,707
6,583
1,690
8,215
2, 028
3, 665
2,340
3, 537
1,862
5,669
1,909
5, 638
1,744
5, 274
1,758
192 8
!
d
'
1
1
!
i
!
4
17
<M
di
d
15
77 2 '•
50 1 i
25 8 '
2.1
d
0 1
rf10 2
6
8
6
6
0
67 1
33 9
41 4
20, 802
20, 935
21,362
213, 091
121,312
16, 442
90, 715
27, 713
282, 368
283, 286
17, 444
242, 464
176,259
21,441
352, 464
130, 552
17,400
89, 062
19, 500
21, 853
270, 053
167, 152
20, 515
114,754
15, 688
22, 539
411, 352
306, 162
22, 943
251, 601
146, 575
!
128 9
42.5
26 2
7.6
1 8
1 1 7 8
i
j
d
d 15 9
25.4
65 6
119 2
47. 1
* 30 7
17 1
247, 785
134, 044
18, 352
86, 805
17, 889
423.3
309 1
d 18 6
47
37.7
60 0
186.2
48.2
22, 610
203, 150
179,011
25, 081
131, 116
11,983
23, 099
181,926
197, 533
32, 690
163, 158
14, 091
.
23, 051
23, 050
23, 534
23, SI 4
258, 327
333, 252
33, 793
318, 986
134, 343
404. 458
272, 747
31, 938
164, 148
10, 348
216, 860
219, 493
26, 565
135, 707
17, 783
262, 088
341,776
24, 994
302, 432
128, 286
1,310,342 1,473,870 1,597,590 1,674,876 1,823,882 1,852,903 1,855,242 1,864,817 1,852,456 1,829,663 1,962,402 2, 255, 025
1,170,646 1,294,424 1,361,577 1,384,232 1,473,600 1,478,490 i, 461, 563 1,458,184 1,432,249 1,398,176 1,451,067 1,550,110
689, 180
682, 318
666, 463
689, 391
711,425
80, 139
68, 022
155, 094
78, 055
68, 241
158,357
75, 604
67, 793
158, 199
72, 192
67, 596
157, 101
68, 534
65, 050
160, 612
66, 237
60, 930
177,845
354, 061
143, 107
331, 290
155, 010
331, 102
133, 245
331, 755
116, 575
330, 157
104, 367
333, 423
134, 057
337, 080
190, 773
324, 800
27, 231
330, 950
30, 134
342, 037
37, 972
347, 315
41,801
353,813
48, 540
362, 135
56, 038
397, 938
60, 020
433, 937
63,451
1,498
3,402
3,687
3,912
4, 498
6, 895
2, 445
2,724
2,742
3,195
2,920
2,571
3,170
34, 405
64, 576
201, 376
242, 743
294, 846
298, 075
299, 373
299, 193
299, 015
299, 015
299, 015
299, 015
12, 750
20, 333
25, 483
43, 464
51, 643
59, 320
63, 096
66, 052
110,097
264, 189
3,300
3,300
3,300
611, 789
669, 217
691,385
686, 867
736, 926
673, 821
85, 372
62, 902
79, 464
87, 385
63, 060
109, 812
86, 475
72, 259
113,353
84, 832
72, 484
110, 300
83, 586
73, 779
110, 257
81,891
70, 098
155, 508
280, 042
51, 074
296, 230
68, 718
310,921
87, 182
323, 196
106, 550
340, 856
128, 192
139, 697
18, 337
179,447
18, 664
223, 264
20, 684
270, 313
25, 126
1, 213
1, 228
1, 205
120,148 j 159,557
" 109,8/52
'199, 8,52
0
64, 517
7,592
0
0
0
0
0
44, 925
12,000
0
9, 500
« 35, 835
56, 513
56, 513
0
37, 555
0
0
900
900
0
0
414
36, 241
0
1,400
17, 558
19, 094
19, 094
0
5,418
3, 270
0
0
0
0
0
2, 148
0
0
0
13, 677
45, 388
59, 643
43, 788
59, 643
1, 600
0
15, 634
35, 54 1
2,660
9, 043
0
0
0
0
0
0
0
0
0
0
6,591
28, 104
4,778
0
0
0
0 1
0
44, 009
9,847
672, 003
222, 644 161,990
162,644 161,857
133
60, 000
95, 955
60, 378
15,415
86, 730
0
1,089
0
0
0 !
0
o
0 :;
0
0
7, 000
3.000
1,061
41, 903
0
75 i
0
35, 000
102, 266
31,035
74, 566
90, 279
59, 363
90, 279
74, 566
59, 363
0
0
0
16,150
3,109
6,511
3.109
6,511
15,351
0
0
0
0
0
0
0
0
0
()
n
0
0
0
0
0
550
0
0
0
0
0
0 !
250
0
14,250
0
56, 254
44, 166
83, 76*
* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issues (net gold imports), and p. 20 of the
August 1933 issue (Reconstruction Finance Corporation).
° Revised.
# Or export^ (- i,
^deficit.
4
Allowance has been made for gold earmarked at Bank of England for the account of the Federal Reserve Bank of New York.
* Differs from Federal Reserve Board figure, since $8,900,000 declared for export on Feb. 28 was not actually taken from Federal Reserve Bank of New York until
Mar. 1,1933.
m
Decision of
Federal
http://fraser.stlouisfed.org/ which is the Treasury and figure forReserve to omit gold coin from circulation figures as of Jan. 31 (at which time it was carried as $287,000,000) is not reflected in this
total
daily average
the month.
Federal Reserve Bank of St. Louis
52, 901
52, 901
0
14, 050
14, 050
0
0
0
0
0
(J
0
0
0
38, 852
94, 176
94,176
0
26, 765
22, 903
0
0
0
0
0
0
3, 862
0
30, 000
37,411
March 1934
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
33
1933
March
April
May
June
July
August Septem- October Novem- Dece
ber
be
ber
FINANCE—Continued
CAPITAL ISSUES-Continued
Total, all issues— Continued
Purpose of issue:
New capital, total
thous. of dol._ 47, 775
47, 775
Domestic, total _ thous of dol
5, 983
Corporate
thous. of dol ..
5, COO
Farm loan bank issues.— thous. of doLMunicipal, State, etc
thous. of dol— 36, 792
Foreign
»
thous. of dol
Refunding, total
thous. of dol. _ 42, 467
Corporate
thous of dol
1, 500
Type of security, all issues:
Bonds and notes, total.
Jthous. of doL. 84, 260
1,500
Corporate
thous. of doL.
Stocks .
thous. of doL.
5, 983
State and municipals (Bond Buyer) :
Permanent (long term) ... > thous. of doL_
Temporary (short term)
thous. of doL.
SE CUBIT Y MARKETS
Bonds
Prices:
All listed bonds, avg. price (N.Y.S.E.)
86. 84
dollars,.
Domestic issues
dollars. _
88.77
Foreign issues
dollars. . 78.65
Domestic (Dow-Jones) (40)
71.89
percent of par 4% bond-Industrials (10) . - percent of par 4% bond_. 63. S3
Public utilities (10)
75.64
percent of par 4% bond—
Rails, high grade (10)
percent of par 4% bond.. 89. 05
Rails, second grade (10)
percent of par 4% bond—
64. 41
Domesticf (Standard Statistics) (60) .dollars..
88.3
U.S. Government (Standard Statistics)*
dollars.. 101. 43
Foreign (N.Y. Trust) (40) .. .percent of par _. 67.73
Sales on New York Stock Exchange:
Total _ _
thous. of dol par value 413,391
Liberty-Treas
thous. of dol. par value-- 70, 264
Value, issues listed on N.Y.S.E.:
Par, all issues
_ _ mills, of dol . 41, 761
Domestic issues
mills, of dol._ 33, 792
Foreign issues
mills, of doL.
7, 969
Market value, all issues
mills, of dol— 36, 264
Domestic issues
mills, of dol— 29, 996
Foreign issues
mills, of dol—
6, 268
Yields:
Domestic t (Standard Statistics) (60) .percent5.25
Industrials (15)_
percent-6. 17
Municipals (15) f - percent-4.67
Public utilities (15)
-percent—
5.08
Railroads (15)
percent—
5.07
Domestic, municipals (Bond Buyer) (20)
percent —
4.89
Domestic, U.S. Government:
Treasury bonds (3 long term)
percent ..
3.62
Treasury notes and certificates (3-6
months)
percent-.25
Cash Dividend and Interest Payments
and Bates
Total (Journal of Commerce)
thous. of dol._ 891, 926
Dividend payments
thous. of doL. 301, 260
Industrial and miscellaneous
thous. of dol— 236, 650
Railroads, steam
_thous. of dol— 26, 960
Railways, street
thous. of doi—
3,975
Interest payments.
thous. of dol— 590, 680
Dividend payments (N.Y. Times)
thous. of dol— 201, 854
Industrial and miscellaneous. -thous. of dol— 174, 709
Railroad
thous. of dol— 27, 145
Dividend payments and rates (Moody' s):
Dividend payments, annual payments at
current rate (600 companies). -.mills, of dol— 1, 038. 7
Number of shares, adjusted.
millions .. 926. 42
Dividend rate per share, weighted average
(600)...
dollars-1.12
Banks (21)
dollars3.58
Industrials (492)
_
dollars-.
.85
Insurance (21)
dollars—
1.67
Public utilities (30)
_
.dollars2.06
Railroads (36)
-..dollars-,98
i
9.500
19, 636
19, 636
1,314
1,400
16, 922
0
36, 877
36, 241
16, 265
16, 265
3,170
0
13, 095
0
2,829
2,248
24,928
24, 928
17, 335
0
7,593
0
20, 460
18, 207
43, 802 110,148 117,083
43, 802 110, 148 116,950
3,584 12, 082 52, 760
0 35, 000
0
40, 218 98, 066
29, 190
133
0
0
15, 841 112, 496 44, 907
12, 050 48, 296 43, 061
45, 600
45, 600
14, 050
0
31, 550
0
7,302
0
63, 814
63,814
8,911
18, 000
36, 903
0
30, 362
17, 854
58, 702
58, 702
3, 109
0
55, 592
0
662
0
88, 257
88, 257
6,511
0
81,746
0
2, 022
0
57, 000
57, 000
15,601
0
41,399
(;
] 7, 566
550
« 106, 602
61, 267
3,250
56, 513
37, 555
0
13, 677
5,418
5,418
44, 453
34, 607
935
56, 559
12, 550
3,084
213, 592
51,326
9,052
79, 096
13, 061
82, 894
38, 852
0
14, 050
85, 265
17, 854
8,911
56, 254
3,109
3, 109
83, 843
75
6, 436
58, 965
16, 150
15, 601
85, 930
105, 173
64, 951
77, 389
45, 573
92, 719
58, 579 53, 915
172, 948 "105, 037
107, 905
210, 783
37,831 "111,393
13,916 16, 858
«51, 865
43, 006
"04, 727 «127, 352
53, 830 21, 376
295, 184
74, 979
78.83
83.32
61.34
74. 89
79. 09
58.45
74.51
78.58
58. 59
76. 57
80.07
62.86
80.79
84.73
65.31
82.97
86.84
67,77
84. 43
88.03
70.26
84.63
87. 91
71. 34
83.00
85.82
71.54
82. 33
84. 70
72. 85
81. 36
82.98
74. 67
83. 34
85. 11
75. 90
46.94
47.66
45.22
44.35
42.01
39. 88
41.35
42.32
50.64
51.57
67.67
58.92
73.00
62.85
72.67
62.02
69.58
59. 79
60. 99
56. 50
62. 14
53. 51
65. 46
56. 53
«64, 507
°64, 507
22, 157
"32, 850
0
"45, 344
42, 360
73.66
71.53
64.99
64.62
69.09
74.60
79. 63
79.47
76. 57
75. 83
70. 37
71.85
82.49
81.92
77.23
73.62
80.35
84.35
88. 95
89.95
85.74
85. 47
79. 22
83. 07
25.95
25.17
82.5
23.92
76.7
22.71
75.4
30.60
82.0
59.23
86.8
66. 32
89.6
65.72
89,9
62.34
87.9
58. 3S
8f>. 5
52. 77
82. 6
57. 28
83. 6
103. 36
54.19
101. 09
53.55
102. 00
55.52
102. 91
56.47
103. 54
57.11
103. 62
59. 50
103. 40
58.95
103. 51
57.97
103. 51
58. 78
101.39
61. 53
100. 95
61.47
216,818 234. 296
15, 597 33, 886
231.520
34, 678
296, 989
93, 536
267, 259
41,865
42, 010
33, 821
8. 189
34, 180
28, 065
6,115
41,829
33,815
8,014
34, 861
28, 778
84.1
103. 75
59.83
260, 021
38,362
230, 082 193, 181
45, 387 55, 176
269, 585 350, 626 344, 050 323, 139
61, 000 38, 367 23, 583 20, 498
32, 457
27, 302
5,154
41, 107
32, 738
8,369
30, 785
25, 893
4,892
41, 006
32, 666
8,340
30, 554
25, 668
4,887
40, 948
32, 624
8,324
31,354
26, 121
5,233
40, 844
32, 553
8, 291
32, 998
27, 583
5,415
40, 878
32, 593
8,285
33,917
28, 303
5,615
40, 812
32, 538
8,274
34, 458
28, 645
5, 813
41,613
33, 376
8, 237
35, 218
29, 342
5,877
41,581
33, 370
8, 212
34, 514
28, 639
5, 875
40, 875
32, 680
8, 195
33, 651
27, 681
5, 970
5.59
7.29
4.23
4.91
5.93
5.73
7.60
4.28
5.11
5.93
6.25
8.14
4.88
5.54
6.45
6.38
8.27
5.05
5.63
6.56
5.78
6.94
5.27
5.26
5.63
5.37
6. 39
4.71
5.03
5.34
5.15
6.16
4.60
4.86
4.97
5.12
6.14
4.54
4.84
4.95
5.28
6. 30
4.59
5.01
5.23
5. 39
(i. 49
4. 60
5. 12
5. 35
4.48
4.92
5.24
5.69
5.35
5.09
5.00
4.98
4.94
3.39
3.47
3.58
3. 55
3.47
3.40
3.38
3.40
3.40
,07
.01
1.34
.45
.29
07
.19
.01
.04
. 09
41, 173
32, 770
8,403
°894, 042
5. 63
6. OS
4. 89
5. 40
5. 54
5.01
5. 52
5. 48
3. 42
3. 60
3. 64
,29
387, 200 430, 351 561, 279 428, 449 571,529 763, 219 349, 620 391,589 645, 205
145, 400 140, 000 136, 850 153, 884 134, 350 205, 900 101, 800 90, 700 180, 150
412,855
109, 950
566, 059
115,600
129, 750
18, 200
4, 300
465, 055
98, 500
2, 000
2, 300
302, 905
99, 100
5, 700
700
450, 459
164, 840
140, 343
24, 497
117,000 102, 200 96, 409 144, 400 115, 800 158, 200 88,100 70, 100
2, 950 16, 500
4,900
1,425
8,000 11,300 11,500
6, 800
2, 700
3,000
2,674
3,000
2, 600
3,300
4,900
500
241, 800 290, 351 424, 429 274, 565 437, 179 557, 319 247, 820 300, 889
222, 244 162, 468 130,607 218, 591 211,890 116,211 211,432 164, 629
206, 328 158, 000 124, 823 199, 362 191, 066 105, 160 197, 493 158, 577
15,916
5,784 19, 229 20, 824 11,051 13, 939
4,468
6,052
123, 192
117,203
6, 229
259. 518
243. 742
15, 776
191,995
165, 023
26, 992
1, 112. 9
924. 21
1, 070. 3 1, 024. 9 1, 006. 2
924. 39 922. 56 923. 32
1,017.8
926.13
1.023.4
926. 13
'301, 150
230, 500
*26, 375
«,5, 275
592, 892
1.20
4.78
.88
1.89
2.31
.86
1.16
4.78
.82
1.78
2.31
.86
1.11
4.36
.78
1.76
2.25
.86
Stocks
Prices:
Dow-Jones:
Industrials (30)._dol. per share —
102. 7
62.7
56.1
57.6
Public utilities (20)
dol. per share-25.2
28.0
23.9
21.8
Railroads (20). __ .
dol. per share
44. 9
26.9
27.4
28. 1
New York Times (50)
dol. per share-58.65
52.99
88. 21
53.17
Industrials (25)
dol. per share
84. 55
94.81
85.07
140. 48
Railroads (25) _ _- „ dol. per share
22 50
35. 95
21.43
21.27
Standard Statistics (421)
1926=100
49.1
44.9
43.2
75.6
Industrials (351)
1926=10046.2
42,5
84.0
41.6
Public utilities (37)
1926=100
73.2
81 8
73.1
67.0
Railroads (33)
1926=10026.7
45. 5
27.6
25,6
Standard Statistics:
Banks, N.Y. (20)..
1926=10067.9
51.6
49.2
63.5
Fire insurance (20)
1926=100—
57. 5
44.0
42.5
38.1
Revised, f Revised series. For earlier data see p. 19 of the April 1933 issue.
('), 083
5 72
ft'. 73
4. 89
5. 41
5. 86
976.0
923. 36
965. 4
923. 29
972.4
923. 63
970.6
923. 84
978.8
923. 78
978. 2
923. 80
1.05
3.99
.73
1.66
2.19
.86
1.05
3.99
.73
1.66
2.15
.90
1.06
3.99
.75
1. 66
2.11
.90
i . on
1. Hi
3. 99
.76
1. 66
2. 07
.91
3. 55
.82
1 . 00
2 07
. 91
1.09
4.32
.77
1.66
2.19
.86
1.06
4.32
. 72
1.66
2.19
.86
1.05
3.99
.72
1.66
2.19
.86
65.0
21.6
27.4
60.09
97.20
22.97
47.5
48.8
63.5
26.3
81.6
27.7
37.6
74. 59
118.40
30. 79
62.9
65.3 i
79.2 i
37.5
94.1
34.1
44.2
85. 26
134. 53
36. 01
74.9
77 3
96.9
44.0
47.2 !
37.8
100.4
98.4
34.7
30.8
51.7
49.6
88.46
88.24
135. 84 135. 86
41.09
40.63
80.4
75.1
83.5
78. S
97.5 |
87. 1 i
52.6 !
49.4
100.3
27.9
47.2
86. 46
135.45
37.49
74.8
80.7
80.1
47.2
92.8
24. 9
38.9
79. 54
127.80
31 23
69. 5
75. 5
75. 0
40. 3
I. ! !
3. 6!
. 83
1. 67
2. 07
. 91
96. 4
23.7
38. 6
82. 87
131.22
31.52
69. i
76.7
70. 0
38. 4
99. 3
23 2
41 5
(
85. 18
137.27
33. 12
70.4
60.9
53.1
60. 7
58.3
50.7
47. 1
42. 5
50.4
55.7
58.2
53. 6
60. 0
58.6
51. 8
' New series. See p. 20 of the Juno 1933 issue for earlier data.
42. 4
49. 9
78.8
67. 3
40. 3
34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
March 1934
1933
March
April
May
June
Novem- DecemAugust Septem- October
ber
ber
July
FIN AN CE—Continued
SECURITY MAEKETS— Continued
Stocks — C ontinued
Sales, A7. Y.S.E
_ ..thous. of shares
54, 567
Values, and shares listed, N.Y.S.E.:
Market value all listed shares.. .mills, of dol... 37, 365
Number of shares listed
millions. . 1,293
Yields:
3.36
Common, Standard Statistics (90).. percent. .
3.04
Industrials (50)
percent-5.59
Public utilities (20)
percent
2.25
Railroads (20)
percent. .
Preferred, Standard Statistics:
6.30
Industrials, high grade (20)
percent..
18,720
19,320
20, 089
52, 901
104,229
125, 627
120, 300
42, 466
43, 319
39, 379
33, 646
34,87
23, 073
1, 303
19, 701
1, 296
19, 915
1,293
26, 815
1,294
32, 473
1,294
36, 349
1,285
32, 762
1,281
36, 670
1,290
32, 730
1,293
30, 118
1, 293
32, 542
1,295
33,09
5.42
5. 78
5. 28
3.05
6.10
6. 36
6. 10
4.13
6.30
6.25
6.82
5.22
5.58
5.24
6.83
5.12
3.99
3.67
5.18
3.59
3.27
3.02
4.12
3.06
3.02
2.76
4.09
2.58
3.25
2.93
4.78
2.73
3.37
2.96
5.48
2.93
3.59
3.25
5.61
2.51
3.65
3.26
6.13
2.62
3.51
3.2
6.2^
2.4)
7.17
7.32
7.52
7.32
6.78
6.38
6.22
6.20
6.26
6.38
6.51
6.5(
1,29
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number.
Foreign.
number..
Pennsylvania Railroad Co , total
number
Foreign
.
number..1
U.S. Steel Corporation, total
number..
Foreign
number ._•
Shares held by brokers
percent, of total _.
!
-
690, 886
j
682, 299
244 295
700 212
7 554
248 688
3,310
193, 140
3, 192
16.07
240, 237
680, 45'
7,41*
238, 87
-
186, 105
3,171
18.66
187, 97*
3,45(
18.8
7,629
7,564
3,234
3,279
187, 477
3,151
17.91
|
3,20*
FOREIGN TRADE
INDEXES
Value:
|
Exports, unadjusted
1923-25=100..!
Exports, adjusted for seasonal._ 1923-25 = 100..!
Imports, unadjusted
1923-25 = 100.. I
Imports, adjusted for seasonal.. 1923-25=100.. j
Quantity, exports:
|
Total agricultural products
1910-14=100..j
Total, excluding cotton.
1910-14 = 100.-j
VALUE §
27
29
26
26
32
36
38
40 !
38
43
44
48
35
38
48
50
42
40
45
48
51
42
47
46
49
42
40
40
51
48
41
42
71
58
72 !
45
80
51
66
50
97
57
120
77
111
79
109
93
160, 090
193, 948
184, 256
192,619
4,166
4,535
32, 120 35, 050
16, 825
15, 599
81,857 108, 811
12, 340 17, 041
17, 821
13, 685
8,537
7,221
28, 489 39, 533
21,461 22,502
20, 978 22,150
9,473 11,181
3,499
3,324
12, 237
10, 643
4,141
3,588
3,194
2,650
458
656
|
Exports, incl. re-exports
thous. of dol._ 172,174
By grand divisions and countries:
Africa
thous. of dol..
Asia and Oceania
thous. of dol_.
Japan
thous. of doLEurope
thous. of dol._
France
thous. of dol..|
Germany
thous. of dol-.j Italy
thous. of dol-J
United Kingdom
thous. of dol.-|-.
North America, northern
thous. of d o i . - j
Canada
thous. of dol.-!
North America, southern... thous. of dol..j
Mexico
thous. of dol..!
South America
thous. of dol-.j
Argentina
thous. of dol-.l.
-...
Brazil
thous. of doL.!.
..
Chile
thous. of dol.J
By economic classes:
j
Exports, domestic
thous. of dol..! 109,531
Crude materials
thous. of dol--! 60, 402
Raw cotton
mills, of dol.-j
41. 5
Foodstuffs, total
thous. of doL-j 22,693
Foodstuffs, crude
thous. of doL.| 7,294
Foodstuffs, manufactured-.thous. of dol._| 15,399
Fruits and preparations, .mills, of dol..|
8.4
Meats and fats.
...mills, of dol.-l
6.1
Wheat and
flour
mills, of dol..
3.1
Manufactures, semi-..
thous. of doL_ 25,018
Manufactures, finished thous. of doL _ 61,418
Autos and parts
mills, of doL10.8
Gasoline
mills, of dol..[
4.8
Machinery
.mills, of dol.-i
14.4
Imports, total#thous. of dol.-| 128,536
By grand divisions and countries:
i
Africa
thous. of dol.-i 2,542
Asia and Oceania
thous. of dol-.j 44,716
Japan
thous. of dol--i 9,531
Europe
thous. of dol.-i 37,370
France
thous. of dol.-l 4,519
Germany
thous. of dol.J 6,489
Italy
thous. of doL.j 2,851
United Kingdom
thous. of doL.| 8,013
North America, northern
thous. of dol.J 17,272
Canada
..thous. of dol.-j 16,471
North America, southern
thous. of dol..| 9,330
Mexico
..thous. of dol-.j 2,827
South America
____thous. of doL.s 17,706
Argentina
thous. of dol.J 2,379
Brazil
.thous. of doL.
7,826
Chile
thous. of doL.j 1,236
By economic classes:
I
Crude materials
thous. of d o l . i 37, 636
Foodstuffs, crude
thous. of dol.J 18,017
Foodstuffs, manufactured ...thous. of dol.-j 20,846
Manufactures, semithous. of doL.| 24,028
Manufactures, finished
thous. of dol._| 28,009
120, 630
101,530 I 108,032
105,219 j 114,243
119,809
144, 197
131, 451
2,462
20,630
8,267
56, 883
8,077
11,415
4,558
18,787
16, 730
16, 433
10, 364
3,274
7,175
2,350
1,813
373
2,727
20, 625
7,720
58, 820
8,178
10, 235
4,329
22, 233
18, 421
18, 069
10, 636
2,821
8,580
2,756
1,647
518
3,262
30, 127
15, 046
68, 081
8,516
11,349
4,741
24, 787
21,300
20, 927
11, 723
3,524
9,704
3, 414
2,327
456
3,744
24, 446
10, 157
62, 710
8,476
9,038
3,596
24, 686
20, 768
20, 301
10, 894
3,315
8,890
2,897
2,089
338
3,055
25, 272
11,185
62, 218
8,924
11,739
4,443
21, 309
12, 664
12,432
9, 296
2,682
8,125
2,712
2, 005
294
2,335
20,171
7. 299
51, 099
7,653
8, 563
4, 058
18, 730
11,703
11,501
8,091
2,173
8,131 j
2, 785 1
2,682 I
291 |
2,632
22,684
9,614
50,321
7,955
7,035
3,986
17, 645
14, 200
13,841
10,621
2,967
7,573
1,873
1,912
375
3,431
17, 823
6,406
52,223
8,164
8,977
3,101
18, 235
13,418
13,159
10,384
2,852
7,784
2, 535
2,320
297
4,670
37,573
17, 056
94,864
14, 082
16,929
5,934
33,564
23,251
22,709
11,648
3,685
12, 249
4, 559
2,862
491
5,900
40, 877
18, 258
102,185
12,129
13,577
6,728
43,878
18,896
18,511
11,795
3,458
12,966
3,324
3, 626
118,600
42, 294
29.7
16,178
4,663
11,515
4.6
5.9
2.0
15,831
44,296
6.5
5.1
9.2
95,994
99,438
31,848
20.6
12,819
3,244
9,575
3.8
4.5
1.2
13, 242
41, 528
6.3
3.8
8.5
83, 803
106, 310
29, 359
18.1
13,397
3,524
9,873
3.9
4.4
1.3
16,507
47,047
6.9
3.9
9.4
94, 864
103,106 111,883 117,533 141, 661 129, 292 157, 461 191,721 181, 291
28, 621 34,977 40, 257 51, 509 41,968 63, 571 82, 545 71, 298
16.9
28.2
54.3
29.3
36.8
26.1
45.3
48.8
11,310 13,044 13, 362 15, 383 16, 886 18, 700 23, 510 24, 054
2,704
3,062
5,042
2,510
3,024
3,078
6,654
3,398
8,800 10,020 10, 659 12, 305 13, 824 15, 302 18, 468 17,400
2.9
2.9
4.3
3.8
5.6
11.0
9.7
6.8
6.2
4.0
4.9
5.7
5.4
5.5
5.9
6.6
1.2
1.2
1.0
1.1
1.1
1.5
1.6
1.3
21, 359 20, 465 21, 261 24, 573 24,186
15, 292 17,644 18, 181
47,884 46, 218 45, 732 53, 410 49, 973 53, 928 61, 094 61, 753
7.4
7.4
7.0
7.5
8.1
8.6
8.3
7.3
3.9
6.0
3.4
6.0
6.5
3.7
39
7.2
10.9
8.8
93
10.1
13.5
9.1
16.0
11.7
88,412 106, 903 122, 262 142, 992 154, 976 146, 652 150, 856 128,505
189, 789
2,616
31,090
7,935
28, 226
3,128
5, 212
2,977
4,371
11,419
10, 744
9,079
2,575
13, 563
1,018
5,816
271
1, 990
24, 247
5,686
26, 794
2,991
4,873
2, 552
5,347
8,567
8. 529
8,197
2,303
14,008
1,177
7,244
230
1,631
28,760
7,527
28,192
3.000
5, 612
2,693
27, 205
17, 929
12,817
16,154
21, 889
21,129 j
17, 864 i
12, 097
13, 606
19,107
73, 070
44.3
24, 345
7,465
16,880
8.3
6.7
3.9
28, 502
63,871
9.3
4.1
15.8
133,218
10,123
10,055
11,490
3, 046
14, 667
1,257
7,056
194
1,198
27, 069
8,055
24, 421
2,207
4,727
3,318
5,095
11,140
11,078
11,678
2,517
12,906
827
6,105
409
1,208
31,751
8,462
30, 805
2,733
5,113
3,282
8,010
15,405
14,800
12,697
3,586
15, 036
1,320
6,958
438
2,243
33, 909
11,467
41, 174
3,111
6,800
3,720
11,171
15,716
15, 263
10, 931
2,505
18, 289
1,772
5, 158
3,788
2,607
47, 796
14, 423
43, 782
3,825
7,466
3,518
12, 577
19, 809
19, 383
11,541
2,461
17, 457
4,037
6,427
763
3,179
47, 024
14,099
51, 147
5,410
8,702
3,473
14, 073
18, 024
17, 666
11, 128
2,503
24, 475
6,234
9,063
806
3,914
44, 397
14, 217
49, 989
5,664
8,505
3,108
12, 093
20, 493
19, 979
10, 989
1,873
17, 866
4,539
6,559
1,092
2,303
45, 603
14, 503
51,908
5,116
7, 667
3,838
15,253
20, 071
19, 618
9,848
1,766
21,123
5,942
8,085
1, 545
2,764
39,043
11, 657
43, 580
5,626
6,604
3,180
9, 254
17,890
17,123
9,760
2,305
15, 468
3,415
5,885
953
2,587
39,479
10, 375
42, 273
6, 891
6, 877
2, 915
8,253
21, 799
20, 915
9, 675
3, 295
17, 406
2, 315
8,256
1,018
23,633 i
18,411 1
15,145 !
14,751 |
22,924 !
21,134
16, 557
16, 270
13, 537
20, 914
24, 920
19, 721
20, 303
18, 337
23, 622
34, 301
17, 775
19, 083
27, 813
23, 290
46, 441
15,897
22, 878
31,021
26, 755
50, 660
19, 758
15, 644
35, 233
33, 681
48, 334
16, 846
14, 366
33, 510
33, 596
46,874
17,741
17, 089
33,183
35, 969
37, 266
14,854
15, 744
27, 841
32, 800
36, 23H
18, 462
23, 621
27, 238
27, 664
§ Data revised for 1932. See p. 34 of the March 1933 issue for most revisions. Other revisions for the year 1932 were shown on p. 34 of the April, May, December, 1933,
and January 1934 issues.
# Beginning with January 1934 data represent imports for consumption and are not comparable with earlier figures which consist of general imports. General imports
in January amounted to $135,000,000. See explanation on p. 9 of this issue.
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
35
1933
March
April
May
June
July
August Septem- October Novem- December
ber
ber
TRANSPORTATION AND COMMUNICATIONS
TEANSPOETATION
Express Operations
Operating revenue
Operating income _
thous. of dol..
thous. of dol.
6,603
136
6,368
138
6,438
129
6,523
115
6,746
122
6,659
121
6, 357
132
6,374
138
6, 743
139
0, 719
132
6,789
139
8 192
690 837
47, 384
8 192
640 635
43, 656
8 169
689 427
46, 471
8 143
763 031
45, 784
8 143
693 493
47, 401
8 143
658 806
45, 134
8 136
620 424
42, 913
8 136
637 278
45 055
8.143
650 745
44, 225
8 143
700 745
47, 956
8. 143
688 201
46, 962
Electric Street Railways
Fares, average (320 cities)
Passengers carried t
Operating revenues
cents..
thousands
thous. of dol..
8 143
74 1 119
Steam Railroads
Freight carloadings (F.R.B.):
58
68
Index, unadjusted _..
-..1923-25=100.
66
61
51
56
48
60
65
51
51
66
77
72
72
Coal
1923-25=100
63
51
44
54
47
72
71
66
70
54
67
59
54
Coke .
1923-25=100..
44
44
52
35
27
33
55
55
26
Forest products
1923-25=100..
33
20
35
21
24
30
37
36
19
33
38
64
67
65
Grain and products
1923-25=100
69
83
59
81
58
56
76
64
98
53
Livestock—
1923-25=100..
63
60
53
51
50
39
50
46
46
46
68
69
65
Merchandise, l.c.l
- . .1923-25=100
68
70
64
65
63
68
67
65
70
70
8
Ore—
1923-25=100..
96
5
21
17
5
32
62
90
8
68
8
55
Miscellaneous
1923-25=100
61
68
45
45
64
69
60
44
63
54
67
64
Index, adjusted
1923-25=100..
60
00
56
56
60
54
50
53
65
58
61
67
52
68
62
Coal
.1923-25=100
56
66
63
55
75
65
74
53
61
Coke
1923-25-100
53
40
44
60
33
35
63
45
29
53
61
33
32
Forest products _
. _ 1923-25=100
30
22
34
34
22
28
20
19
39
35
95
63
Grain and products
1923-25—100
68
61
57
69
99
99
82
58
53
Livestock
.. 1923-25=100
51
50
54
54
53
45
53
49
56
55
51
67
66
Merchandise I c l
1923-25—100
70
67
68
69
62
63
66
69
66
34
Ore—
1923-25=100..
20
59
14
17
18
34
23
53
49
20
Miscellaneous
1923-25=100..
69
57
61
57
52
57
62
47
57
64
59
51
2 503
Total cars 1
..
thousands
2 178 a i 924
3 205
o ^66
2 265
1 841
2 128
2 505
3 109
2 606
1 958
a
519
Coal
thousands
625
362
502
494
433
366
397
318
492
561
500
91
26
Coke
thousands
31
35
15
20
18
17
25
27
33
27
93
Forest products
._ _ _. thousands
73
59
123
55
83
100
°56
86
134
109
98
Grain and products
thousands
118
a 108
156
104
177
147
225
1°4
148
101
118
1 19
Livestock .
. _ _ thousands
66
70
69
p2
82
62
101
52
62
66
75
93
Merchandise, l.c.l
.
thousands
a 614
615
654
842
624
661
680
667
803
832
618
691
7
8
12
Ore
- thousands
44
184
31
137
30
16
111
110
gy9
739
a gig
Miscellaneous
thousands
H43
876
1 138
805
611
926
1 139
598
553
308
Freight-car surplus, total
- . thousands
434
454
692
619
441
681
380
393
385
650
Box...
thousands..
248
314
242
281
223
381
253
362
237
216
228
368
Coal
._ __ thousands
129
148
204
130
244
237
106
111
233
206
106
117
Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I roads) :
Dividends paid. (See Finance.)
Operating revenues§
_ _ thous. of dol 258 006 226 555 211 613 217 599 224 877 255 256 278 311 293 708 297 018 292 147 294 34° 257 676
Freight§
_
-thous. of doL.
179, 239 168, 790 174, 916 180, 212 207, 490 223, 236 240, 172 241, 242 235, 434 239, 603 209, 1)12
Passenger§
thous. of dol._
30,981
32, 014
26, 654
23,911
21, 886
24, 972
22, 920
32, 242
30, 964
23, 585
29, 835
Operating expenses§
-.thous. of dol.. ~I95~849~ 181, 680 170. 864 175, 295 173,296 181, 584 185, 325 194, 908 202, 453 199,416 204, 694 19 J, 824
Net railway operating income§__thous. of dol_. 30, 931 "13, 585
59, 483
10, 548
40, 693
19, 041
9,855
64, 307
60, 936
60, 978
37, 566
57, 265
Operating results (class I roads):
Freight carried 1 mile-.
^. mills, of tons
23 712
19 986
21 732
19 357
19 831
26 130
19 117
°6 460
20 468
23 936
''6 4 1 ^
Receipts per ton mile..
cents. .
1.012
.995
1.009
1.036
1.006
,977
1. 016
.999
.996
. 065
. 990
Passengers carried 1 mile
..
millions
1 495
1 045
997
1 088
1 581
1 167
1 170
1 9<;3
1 716
1 717
1 633
Waterway Traffic
Canals:
Cape Cod...
thous. of short tons..
262
200
192
212
207
158
245
254
288
233
299
281
New York State
-.thous. of short tons..
0
0
479
542
0
0
183
517
473
623
(304
Panama, total
thous. of long tons
9 1 96
1 691
1 464
I 435
1 738
1 528
1 630
1 669
1 914
1 797
1 ()50
794
U.S. vessels
thous. of long tons
560
623
783
779
' 823
P64
1 002
961
0
o
6
o
St. Lawrence .
thous. of short tons
352
994
835
1 1°9
980
839
1 041
Q
Q
o
o
Sault Ste. Marie
thous. of short tons
" i ^i
3 582
696
3 490
8 452
7 690
6 050
9 179
2 149
Suez
.,
thous. of metric tons
9 '^04.
2 225
1 960
1 983
2 468
2 289
2 166
2 297
Welland
thous. of short tons..
0
0
0
0
588
1, 109
1,239
1,121
1,212
1,373
1 353
1, 070
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.)
25
57
47
03
8
M
02
64
54
31
47
07
33
09
2 505
570
34
91
l')Q
„ '
15
009
403
264
1 11
*?45 3°(v
191, GOT
29, 312
187, 081
37, 704
29 oo 1
0
9 19''
'
131
904
97 Q
119
97
97
100
851
600
4 15
059
705
6,363
4 059
2, 304
5,661
5, 349
5, 074
4, 509
2,031
1,957
1,014
1 , fifiS
158
83
81
92
115
168
983
291
351
65
1 277
81
799
72
683
79
701
82
776
113
1 029
110
1 397
133
1 561
1 r-!"3Q
01 9
824
465
400
357
456
576
827
732
4, 354
2 888
1,466
4, 226
2 633
1,594
4,050
2 460
1,590
4,528
2 86i
1, 667
3,326
1 782
1,544
5. 129
3 259
1,870
5,515
3 530
1,985
5,991
3 779
2,212
'
68
58
115
o
po i
Travel
Airplane travel:
Passengers carried*
number. . 28, 170 «24, 366 24, 506 24, 945 29, 557 38, 543 54, 247 61, 504 65, 181 56, 830 50,413 « 35, 607
20, 7 1 1
Passenger miles flown* thous. of miles.. 10, 783 "7,864
8,070
7,633
9,365
12, 629
18, 861
21,417
22 798
21,515
19,356 « 13, 492
10,411
Hotel business:
Average sale per occupied room
dollars. 2.85
2.80
2.94
2.98
2.85
2.71
2.83
2.84
2.98
2.91
2. 93
2. 80
2. 97
40
Rooms occupied
percent of total
<1Q
58
54
51
45
48
51
47
Foreign travel:
Arrivals, U.S. citizens
number..
14, 159
18, 414
17, 005
18, 539
20, 029
18, 325
24, 453
43, 525
46, 52S
25, 675
13, 179
1 1 , 979
17 727
27 137
Departures, U.S. citizens
number
19 792
19 097
16 682
16 012
22 °38
42 135
37 626
5 256
Emigrants
_
number
5 019
4 345
4 00°
4 287
4 409
10 414
5 120
3 784
Immigrants .
. _ . number
1 277
1 511
1 393
1 300
1 694
1 726
1 830
2* 628
2 QR1
Passports issued
number. .
5,742
4^945 1
6,480
9,744
23, 563
17,428
12, 323
7. 540
5.913
4, 001
4,790
3, 922
« Revised.
Revised series. For earlier data see p. 19 of the August 1933 issue.
Data for April, July, September, and December 1933 are for 5 weeks; other months, 4 weeks.
New series. Covers scheduled airlines operating in United States. See p. 20 of the February 1934 issue for earlier data.
§ Excluding switching and terminal companies, which were included up to December 1932. Revised data for earlier years, on a comparable basis hav > he n n compiled
by the Interstate Commerce Commission and will be published when spacejpermits.
i
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January | F^u'
March 1934
1933
March
April
May
June
July
August
Se t e m
£e r ~
October Novem- December
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
..
TRANSPORTATION-Continued
Travel— Continued
National parks:
Visitors
.
Automobiles
Pullman Co.:
Passengers carried . _
Revenues, total
- number _
number...
43, 510
8,340
36, 463
6,226
43, 379
6,496
40, 969
5, 734
66,313
11,326
92, 518
21,733
229, 496
59, 924
440, 728
117, 750
441, 795
117,261
182, 954
49, 109
75, 140
19, 933
44, 464
10, 205
36, 120
7' 761
thousands .. ^
thous. of dol...
1,306
1, 158
3,208
952
2,784
872
2,643
974
2,880
951
2,711
1,201
3, 608
1,224
3,356
1,351
3,621
1,392
3,798
1,256
3,526
1,054
2,749
1, 333
79, 726
58,011
17,016
58,215
14,024
15,015
76, 061
53. 962
15,512
55, 559
13, 102
14, 902
78, 925
54, 615
18, 155
57, 387
14, 254
14, 779
78, 053
54,116
17, 442
55, 653
14,897
14, 676
80, 797
54, 706
19, 502
57, 297
15, 996
14, 589
80, 704
54, 104
19, 832
56, 193
16,201
14, 483
79, 421
52, 341
20, 167
55, 473
15, 954
14, 399
79, 356
52, 294
20, 295
55, 700
16, 383
14, 368
78, 615
52, 668
19,206
55, 271
15, 829
14, 427
80, 395
54, 250
19, 219
56, 209
16, 571
14, 444
79, 242
43, 830
18, 421
56, 767
15, 017
14, 448
7,317
5,529
7,117
d
194
6,976
5, 250
6, 605
<*346
8,827
6,841
7, 055
1,375
7,992
6,133
6,655
938
9,169
6,952
6, 945
1,817
9,557
7,289
7,790
1,309
9,297
7,032
7,434
1,447
9,171
7,065
7, 715
1,041
8,838
6,746
7,598
844
8,663
6,562
7,627
625
8, 249
6,147
7,557
284
9,076
6,970
8,101
561
5, 505
5, 574
2,544
7,923
7,452
2,063
13, 502
12, 771
1,316
10, 781
12, 072
2,602
7,172
5, 691
1,114
COMMUNICATIONS
Telephone (class A companies):
Operating revenues
thous. of dol._
Station revenues
thous. of doL.
Tolls, message
.thous. of dol._
Operating expenses
thous. of dol..
Operating income
thous. of dol_.
Stations in service, end of m o _ _ - thousands
Telegraphs and cables:
Operating revenues.
thous ofdol..
Commercial telegraph tolls ___thous. of doL.
Operating expenses
____thous. of doL,
Operating income
thous. of dol._
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
thous. of wine sal
4,519
3, 654
3, 758
3,900
Production
__thous. of wine gal..
3,614
3, 909
4,147
3,682
Stocks, end of month.. -thous. of wine eal_.
1,839
1,988
2,230
2, 256
Ethyl:
Production
thous. or proof gal__
6, 014
9,084
9,012
8,229
Stocks, warehoused, end of month
14, 782
thous. of proof gal_.
15, 922
16, 639
19, 186
Withdrawn for denaturing
thous. of proof gal....
5, 969
6,691
7,013
6,071
Methanol, wood distilled:
Crude:
312, 481 256, 826 268, 064 174, 201
Production*
gallons
Stocks, total*
.
gallons...
297, 163 281,484 288, 198 271,914
Refined:
Exports _
_,
. . gallons. . Kjfi. 358 112, 122
62,613 233, 754 147, 338
Price, wholesale, N.Y
dol. per gaL.
.38
.37
.37
.37
.37
165. 860 117,236 124, 086
Production *
.
gallons . .
82, 846
59, 546
Shipments*
gallons
90 285
93, 848 105, 559
Stocks, end of month*
gallons. _
324, 489 351, 440 331,678 358, 965
Methanol, synthetic:
352, 748 324, 527 178, 232 425, 333
Production
gallons . .
512, 781 625, 484 665, 702 576, 646
Shipments
gallons. . 3,050,641 2,749,684 2,262,214 2,110,901
Stocks, end of month
gallons-.
Explosives:
Orders, new*_.._
thous. of Ib... 2S, 504
17,971
16,510
16, 179
16, 197
Sulphur and sulphuric acid:
Sulphur, production (quarterly). .long tons..
116,478
Sulphuric acid (104 plants):
Consumed in prod, of fertilizer. short tons.. L58, 973 "101,336 «88, 180
76, 573
71, 649
Price, wholesale 66°, at works
15.50
dol. per short ton_.
15. 50
15.50
15. 50
15. 50
143,811 114,618
Production
short tons
99, 825
79, 328
73, 900
Purchases:
13, 794
From fertilizer mfrs
short tons.. 30, 515
10, 625
10, 309 "12, 122
From others _ _ _
short tons. _ 28, 409 «16, 193 »1 0,384
8,544
14, 487
Shipments:
14, 641
14, 439
To fertilizer rnfrs
short tons.. 26, 344
14, 063
14, 065
To others
.short tons.
27, 163
26, 538
19, 751
23, 612
21, 675
4,818
4,915
2, 349
4,662
4,890
2,570
5,170
5,099
2,483
9,149
10, 683
11, 684
12, 482
13, 968
16, 509
15, 979
1 5, 396
19, 094
20, 382
22, 230
24, 595
25, 423
18, 948
13, 025
15, 606
8, 264
8,688
8,654
9,486
12, 478
21, 775
20, 624
8,776
184, 921
253, 499
179, 368
317, 110
210, 709
285, 619
262, 446
295, 354
243, 183
337, 174
312, 085
406, 939
59, 621
.37
95, 365
105, 578
348, 752
33, 100
.37
98, 131
131, 203
315, 680
93, 833
.37
153, 199
108, 628
360, 251
42, 458
.37
181, 625
97, 697
444, 179
36, 523
.37
106, 494
91,462
459,211
55, 553
.37
163,619
175,608
447, 222
96, 293
.37
145, 657
.37
366, 015 559, 002 561,918 860, 314 1,460,589 1,643,040
761, 369 830, 220 732, 735 955, 301 1,425,009 1,732,458
1,715,547 1,444,329 1,273,512 1,178,525 1,214,105 1,124,687
16, 497
20, 327
23, 834
25, 086
25, 107
25, 084
23, 256
322,011
233, 233
23.318
313, 283
67, 162
53, 586
71, 951 «117,728
"92, 962
160, 688 "154, 205
150, 097
15.50
90, 605
15. 50
76, 530
15.50
15.50
15.50
98, 587 "131,016 "133,056
15. 50
15.50
158,406 "155, 407
15.50
155, 695
7,311
8,247
10, 323
13, 320
23, 829
16, 147
29, 102
21, 804
17, 765
23, 604
27, 126
31,693
34. 589
33, 680
36, 181
23, 763
13, 194
37, 278
14, 236
30, 819
13, 251
38, 885
16, 511
41, 970
31, 215
38, 327
23, 276 « 23, 994
36, 270
33, 728
26, 507
38, 008
234
60, 349
5, 987
52, 479
104
101, 085
59, 561
8,431
3,486
22, 714
43
85, 534
7, 625
71, 624
166
105, 083
72, 190
29, 921
5,246
19, 107
18
81, 140
6,579
70, 789
250
81, 207
38, 490
5,308
2,949
38, 053
38
90, 433
8,628
79, 428
352
102, 028
34, 129
3, 943
4.603
56, 045
86
123, 289
19, 834
97,481
375
107, 076
56, 682
5,248
9,643
39, 006
100
1 16, 584
9,059
102, 986
763
123, 390
70, 729
29, 652
5,677
44, 548
65
117,954
11,813
102, 115
281
118, 139
58, 718
13, 762
7,351
48, 685
190
81.399
16,824
59, 887
131
158, 088
100, 139
23, 508
1,829
51,600
1.345
1.315
1.295
1.295
1.295
1.295
1.295
FERTILIZER
Consumption, Southern States t
358
205
295
thous. of short tons..
Exports, total §
long tons
56, 163
59, 894
60, 390
8,829
Nitrogenous §
long tons.. 10,227
7, 836
Phosphate materials.
long tons
48, 304
44, 128
50, 143
14
80
Prepared fertilizers
long tons..
11
Imports, total §$
long tons
140,327
94,313 90, 349
95, 509
65, 457
Nitrogenous § _ - _ .
.
long tons
55, 281
Nitrate of soda ^
long tons.. 33, 690
405
2,516
3, 521
5,956
4,539
Phosphates
long tons
Potash
_
long tons
37, 242
24, 968
17, 998
Price, nitrate of soda, 95 percent, N.Y.
1.350
1.295
1.295
dol. per cwt._
Superphosphate, bulk:
227, 154 188, 631
Production
short tons
Shipments to consumers
short tons__
« 16, 180 «3 1,694
Stocks, end of month
short tons..
'1,089,671 "1,065,273
822
85, 481
9,845
73, 165
55
97, 507
61,535
106
5,814
21, 885
1, 118
69, 580
4, 239
63, 621
57
102, 204
70, 934
66
3,934
20, 537
1. 295
1.305
1.345
167, 114
155, 402
897, 888
158, 890
265,511
521, 297
177, 649
94, 066
477, 497
130, 271 "164, 666
17,515
21, 508
514, 853 565, 370
262, 705 240. 243 "320, 307 "334, 457
322, 783
15, 403 "94, 436 "74, 090
20, 042
18, 329
691,913 °735, 567 "861, 546 «1, 011,529 1.089. 179
* New series For earlier data see p. 20 of the April 1933 issue (methanol) and p. 19 of January 1933 issue (explosives).
f Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1933 issue for earlier data.
§ 'Data for 1932 revised. Sea p. 35 of the June 1933 issue.
# Sec footnote on p. 34 of this issue.
March 1934
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
37
1933
March
April
May
June
July
August Septem- October Novem- December
ber
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
NAVAL STOEES
Pine oil:
Production
.gallons.. 305, 445 233, 286 186, 598 202, 929 184, 760 208, 133 215, 130 271, 014 283,152
Rosin, gum:
4.66
4.10
4.96
Price, wholesale "B," N.Y__.dols. per bbl_.
2.89
2.89
2.89
3.28
5.16
4.30
113, 107
Receipts, net, 3 ports
_bbl. (500 Ib.).. 39, 219 35, 064 30, 639 35, 796 63, 372 110,450
121,946
123,977
Stocks, 3 ports, end of month. bbl. (500 lb.)__ 171, 263 295, 859 263, 270 237, 350 212, 526 227, 022 219, 882 234, 578 227, 943
Rosin, wood:
46, 850 31,188 25, 583 26, 597 24, 926 31, 045 35, 163 41, 033 42, 961
Production
bbl. C500 Ib )
Stocks, end of month
bbl. (5001b.)._ 83, 007 104, 771 104, 223 98, 615 86, 406 70, 934 63, 058 61, 785 57, 010
Turpentine, gum:
.52
.47
.45
.46
.43
Price, wholesale, N.Y
dol. per gal
.45
.51
.48
.46
4,985
6,283
2,826
6,710
Receipts, net, 3 ports ___
.bbl. (50 gal.) _
18, 176 32, 359 35, 549 35, 265 33, 237
Stocks, 3 ports, end of month. bbl. (50 gal.).. 68, 786 84, 096 74, 894 63, 679 59, 212 67, 117 64, 824 70, 451 74, 920
Turpentine, wood:
7,970
4,975
4,175
4,255
3, 831
6,779
Production
bbl. (50 gal.) —
5,028
5,514
6,516
14, 399
12, 387
Stocks, end of month
bbl. (50 gal.) — 18, 020 14, 194
10, 863
6,981
7,242
5,496
5,673
258, 081
274, 095
269, 719
243, 19G
5.08
91, 251
218, 280
4.85
90, 474
211, 422
4.84
81,896
209, 218
210, 771
43, 213
60, 305
44, 821
65, 957
43, 197
71, 058
40 433
73, 151
.47
26, 911
79, 563
.44
24, 479
79, 616
.47
18, 535
80, 383
81,269
6,642
8,004
6,929
11,526
G, 8SO
H, 078
0,9 Hi
16, 433
4. 6,5
81,627
47
17, 352
OILS, FATS, AND ANIMAL
BYPRODUCTS
Animal fats and byproducts (quarterly) :
Animal fats:
138, 652
Consumption, factory
thous. of lb__
Production
thous. of lb_.
598,610
283, 313
Stocks, end of quarter
thous. of Ib _
Gelatin, edible:
Production
thous. of lb__
4,937
— 10, 751
Stocks, end of quarter
thous. of lb__
Greases:
44, 889
Consumption, factory
thous. of lb._
79,411
Production
thous. of Ib
71, 894
Stocks, end of quarter .
thous. of Ib
Lard compounds and substitutes:
203, 564
Production
_
thous. of Ib
25, 020
Stocks, end of quarter
. thous. of lb._
Fish oils (quarterly):
29, 741
Consumption, factory . ..thous. of Ib
Production
..thous. of lb_.
18, 197
Stocks, end of quarter
_ _ thous. of Ib
181, 374
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)
660, 362
thous. of Ib
7,406
4 269
6 627
Exports
thous of Ib
4 697
Imports §#
..thous. of Ib— 91, 959 75, 298 40, 237 69, 913
Production (quarterly) _ . thous. of Ib
600, 825
Stocks, end of quarter:
664 447
Crude
thous of Ib
839, 933
Refined
..
thous. of IbCopra and coconut oils:
Copra:
Consumption, factory (quarterly)
59, 225
short tons
23, 786
18,009 27, 300 14, 852
Imports^
short tons
Stocks, end of quarter
..short tons—
24, 571
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. of Ib—
120, 207
Refined, total (quarterly)
thous. of Ib
69 426
13, 434
10, 706
In oleomargarine
thous. of Ib— 10, 558
13, 498
Imports??—
thous. of lb-. 46, 296 28, 136 13, 148 29, 651
Production (quarterly) :
Crude
.. ... thous. of Ib _
76, 028
Refined
thous. of Ib—
61, 785
Stocks, end of quarter:
Crude
thous. of Ib »
138, 551
Refined
thous. oflb14, 382
Cottonseed and products: f
Cottonseed: t
Consumption (crush)
short tons.. 471, 078 a
"432, 378 440, 333 368, 336
191, 428 305, 267 198, 291 148, 382
Receipts at mills
.
short tons
Stocks at mills, end of month .short tons— 1,020,792 a 1,209,280 969, 398 749, 164
Cottonseed cake and meal: t
21, 941 23, 873
Exports §
short tons.. 14, 625
5,039
211, 110 °198 272 198 762 167 464
Production
short tons
Stocks at mills, end of month-short tons.. 289, 538 "344, 903 332, 624 286, 197
Cottonseed oil, crude: t
Production
thous. of Ib— 145, 587 a!35, 610 139, 178 116, 668
Stocks, end of month
thous. of Ib— 188, 908 3149, 024 159, 060 161, 246
Cottonseed oil, refined:
Consumption, factory (quarterly)
thous. of Ib—
209, 942
In oleomargarine
thous. of Ib
1,536
1,274
1,467
1,408
Price, summer yellow, prime, N.Y.
.047
dol. per Ib—
.036
.035
,037
Production t
thous. oflb— 110,950 "112, 929 113,517 107, 938
Stocks, end of month f
thous. of Ib— 780, 992 "760, 342 802, 125 807, 376
• Revised.
t For revisions of the year ended July 1932, see p. 20 of the February 1933 Issue.
§ Data for 1932 revised. See p. 37 of the June 1933 issue.
# See footnote on p. 34 of this issue.
375, 650
176, 561
579, 049
373, 655
150, 070
584, 471
362 129
3,180
9,822
1,328
8,009
3,602
8,594
59, 535
89, 974
75, 634
50, 665
88 529
79, 633
50, 744
85 801
97, 313
245, 010
21, 792
247, 898
23, 648
238, 330
41, 795
6,602
44, 536
39, 797
36, 092
43, 936
157 423
173, 578
641,744
151,614
149,105
2 357
55, 039
2 243
82, 720
701, 039
1 234
87, 056
432, 308
1 744
65, 624
444
84, 938
24 895
62, 805
27 257
23, 779
617 782
504
68, 490
547, 514
46 581
31, 783
76, 805
24 983
44, 537
141, 082
12,788
20,210
12, 272
32, 677
2 232
86, 451
5 "3
90, 331
81 498
13, 251
1,886
801,83,5
32 530
36 31'>
10, 750
13, 026
12, 659
22, 727
77 944
30 182
59, 83 1
133, 934
161, 829
72 476
8,715
29, 776
789 311
2 578
55' 176
812 514
757 52'J
564 074
655, 532
488 679
769, 898
15 754
27,301
14, 687
36, 203
14,307
40, 668
83 004
13, 028
15,971
79, 942
68, 389
96, 526
79, 931
98 579
73 395
138, 024
16,815
132, 530
16, 400
182 822
15 562
249, 267
95,100
594, 997
219, 024
71, 921
447, 894
171, 669
40, 659
316, 764
4,564
115 602
221, 453
5,373
100 631
207, 175
197,902
80, 163
122, 517
73, 324
81, 279
1,382
1,491
.040
97, 615
804, 201
.050
107, 508
779,447
220,883
233, 223
232 646
220, 306
522, 590 646 532
891 359 ] 130 474
589, 130 1,073,072
961
74 237
160, 631
2,231
106 632
178, 853
8,986
232 851
258, 257
16, 494
289 617
313, 114
56, 347
63, 759
51, 745
62, 444
70, 878
58, 826
159, 454
119, 580
262, 648
1 379
1 274
1 332
.056
70, 512
737, 849
.064
57, 450
676, 163
.052
68,090
640, 607
50
79 975
161, 560
65 679
576 957
840 525
446 204
404 006
258 955
10,119
14, 130
207 711
312, 090
201, 648
145, 196
179, 866
159,877
137, 987
168, 850
263, 371
1 489
1 777
1 938
252 827
1 785
.047
77, 593
622, 799
.042
156, 657
676, 537
723, 138
1,324,640 1, 300, 442
315,070
.045
151,963
.043
122,426
769, 235
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
March 1934
1933
March
April
May
June
July
August Septem- October Novem- December
ber
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND ANIMAL BYPRODUCTS-Continued
Vegetable oils and products— Continued.
Flaxseed and products:
Flaxseed:
Imports, United States #.__thous. of bu_.
Minneapolis and Duluth:
Receipts
- - -thous. of bu._
Shipments
thous. of bu_.
Stocks, end of month
thous. of bu_.
Oil mills:
Consumption quarterly thous. of bii..
Stocks, end of quarter, thous. of bu.- .
Price, no. 1, Minn
dol. per bu._
Production, crop estimate. .thous. of bu._
Stocks, Argentina, end of month
Linseed cake and meal:
thous. of bu .
Exports
__thous. of lb_.
Shipments from Minneapolis
Linseed oil:
thous. of lb..
Consumption, factory (quarterly)
thous. of lb-_
Price, wholesale, N.Y
dol. per Reproduction (quarterly)
thous. of lb—
Shipments from Minneapolis
thous. of lb—
Stocks at factory, end of quarter
_ , compound:
,
thous. of lb
Lard
Price, tierces, Chicago *
dol. perlb —
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb._
Price, standard, uncolored, Chicago
dol. per lb—
Production
thous. of lb—
PAINTS
Paints, varnish, and lacquer products: §
Total sales (588 estab.)
thous. of dol—
Classified (315 estab )
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...
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose: *
Sheets, rods, and tubes:
Production
-thous. of lb._
Shipments
thous. of lb_.
Cellulose-acetate: *
Sheets, rods, and tubes:
Production
...
thous. of lb._
Shipments
thous. of lb..
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. squares. ..
Smooth roll
thous. squares...
1,031
368
570
732
221
806
1,056
1,391
1,781
1,981
2,515
1,898
484
250
81
964
399
393
1,023
101
126
1,026
107
153
950
179
235
1,037
524
267
912
641
334
960
244
254
875
1,123
158
1,117
1,568
171
1,834
524
645
1,452
288
629
981
148
91
1, 039
1. 90
1.16
1.10
4,365
1,646
1.13
1.28
1.43
4,268
854
1.72
2.05
1.88
6,074
2,869
1.88
1.80
1.77
6,760
2, 713
1.77
« 6, 785
4,331
43, 239
5,512
26, 690
5,512
22, 799
6,299
17, 291
6,693
20, 518
8,268
17, 676
7,087
26, 862
4,724
38, 382
2,939
58, 686
2,362
52,481
1,772
56, 544
1,575
61, 009
2,362
56, 069
10, 760
8,297
6,410
8,693
9, 564
10, 799
7,792
8,651
6,199
6,508
8,938
7,405
8,228
.093
.073
.072
39, 021
.075
79, 595
.078
.087
76, 975
.094
79, 035
.108
.105
70, 824
.104
113, 413
.097
.096
55, 778
.095
133, 906
1,679
4,108
3,462
4,405
8,152
8,770
7,855
5,861
4,864
5,351
2,436
1,400
997
.063
.073
86 926
.075
.083
.079
99 632
.068
.069
.074
157 724
.066
.068
.059
.059
141, 105
.060
16, 861
22, 920
15, 498
23, 106
18, 358
19, 578
15, 578
18, 929
19, 227
23,446
22, 417
23, 597
23, 809
.070
17, 870
.095
21,023
.080
17, 246
.077
21, 387
.081
20, 439
.094
20, 031
.095
15, 530
.095
18, 406
.095
20, 859
.095
21, 553
.094
23, 664
.078
23, 943
.070
21, 386
11,275
7,698
3,530
4,168
3,577
11, 666
8,195
3,423
4,772
3,471
13, 579
9,180
3,392
5,788
4,398
19,044
13, 259
4,677
8,582
5,784
26, 241
17, 780
5,991
11, 789
8,461
27, 813
19, 272
6,828
12, 444
8,542
22, 090
15, 033
6,406
8,627
7,057
20, 621
14 163
6,323
7,840
6,457
19, 098
13 007
5,545
7,462
6,091
18, 944
12, 326
4,950
7,376
6,618
16, 234
11 223
4,656
6, 566
5,012
16, 156
10 576
4,418
6, 158
5, 580
60, 047
74, 379
37, 214
75, 988
104, 789
42, 320
99,810
86, 440
44, 159
116, 523
88, 071
61, 314
181, 543
114,546
84, 241
152, 678
113, 739
83, 287
161,415
109, 266
61, 443
143, 483
104 376
63, 572
174, 793
79 681
56 844
154, 521
62 429
66,913
948
930
592
770
685
720
535
732
604
783
982
938
1,111
1,144
1,228
1,119
1,585
1,551
1,598
1,450
1,387
1,277
909
1,026
798
1,221
358
377
168
160
142
125
119
117
149
211
235
221
242
221
192
222
230
232
214
230
207
218
258
279
325
352
5,460
4,864
11, 100
5,146
14, 168
4,959
16, 477
4,454
20, 741
3,701
19, 678
5,472
20, 313
3,908
17, 457
7,110
12, 434
5,989
14, 322
4,341
10, 819
4 499
7,352
5 003
840
191
113
535
1,694
348
323
1,022
2,731
525
522
1,685
2,267
522
470
1,275
2,804
691
672
1,441
2,026
552
435
1,039
2,700
662
617
1,421
1,774
487
465
822
2,076
491
437
1,147
2,582
555
480
1,547
1,561
329
342
890
830
168
157
505
1,046
215
144
686
ELECTRIC POWER AND GAS
ELECTRIC POWER
|
Consumption, industrial, for power purposes, j
(See Business Indexes.)
|
Fuel consumed in production of electrical
energy. (See Fuels.)
a
6,932
6,286
6,674
6,462
7,000
7,231
7,479
7,6
Production, total f
mills, of kw.-hr.. 7,614
7,347
7,478 « 7, 243
7,467
By source:
4,648
3,651
3,664
3,982
3,368
3,603
4,207
Fuels
mills, of kw.-hr_.
4,652
4,765
4,440
4,853 « 4, 725
« 4. 734
2,635
3,094
3,396
Water power
mills, of kw.-hr.. 2, 962
2,950
3,010
3,024
2,831
2,921
2,907
2,625 « 2, 518
« 2,733
By type of producer:
5,922
6,792
7,024
6,059
6,578
Central stations
mills, of kw.-hr.. 7,130
6,535
6,265
7,213
6,908
7,025 * 6, 788
« 6, 987
Street railways, manufacturing plants, etc.
484
mills of kw nr
364
409
403
422
439
455
397
473
453
439
455
480
Sales of electrical energy:
"
-' -Sales to ultimate consumers, total
5,026
5,237
(N.E.L.A.)
mills, of kw.-hr.
5,373
4,878
5,603
5,760
5,872
5,830
5,780
5,691
5,716
1,074
1,004
907
889
Domestic service..
mills, of kw.-hr_
1,206
867
864
940
1,003
1,081
1,147
984
969
1,121
1,044
984
997
Commercial—retail
mills, of kw.-hr.J..
1,013
1,014
1,068
1,041
1,102
1,138
2,221
2,423
2,343
2,248
2,772
3,159
Commercial—wholesale.- mills, of kw.-hr. _ | _ .
3,310
3,401
3,254
3,068
2,862
2,662
Municipal and street lighting
j
234
211
179
167
mills, of kw.-hr. _
196
143
150
166
191
176
197
212
Railroads:
Electrified steam
mills, of kw.-hr_.
49
50
55
53
55
54
56
56
55
58
59
63
361
318
Street and interurban...mills, of kw.-hr..
348
361
314
304
302
309
304
332
353
387
Gross revenue from sales of energy (Electrical
World)
thous. of dol._!
171,370 158,620 151,920 151, 420 149, 950 153, 590 154,860 154,930 160,080 163,940 165, 890 169, 540
Revenues from ultimate consumers
!
160,279 149,768 | 142,487 142,512 141,163 143,368 143,212 143,442 146,688 150,390 153, 980 156,127
(N.E.L.A.)
thous. of dol._i_
a
Revised.
* New series. For earlier data (lard compound price) see p. 18 of the January 1933 issue. Earlier data not available (cellulose).
«Dec. 1 estimate.
§ Since March 1932 detailed figures are not strictly comparable owing to changes in firms reporting.
# See footnote on p. 34 of this issue.
t For revised data for year 1932 see pp. 38 and 56 of the May 1933 issue.
March 1934
SURVEY OF CURRENT BUSINESS
1934
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 January January
39
1933
Febru-
ary
March
April
May
June
July
August
Septem- October Novem- Decem-
ber
ber
ber
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured gas:*
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 do! .
Industrial and commercial__.thous. of dol__
Natural gas:*
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 cornmerciaL— thous. of dol_.
9,826
9,281
9,848
9,313
9,891
9,359
9,897
9,365
9,997
9 456
10, 020
9,457
9,945
9, 375
9, 959
9, 385
30, 459
21, 103
2,576
29, 937
21, 481
1,449
28, 483
20, 999
26, 129
19, 026
25, 755
18, 610
2'i 579
20, 532
29, 592
21, 586
267
962
30, 603
20, 469
2,925
485
32, 077
20,651
4, 095
6,438
6,607
6,864
6,886
6,763
6,828
6,648
6,882
7,031
7, 141)
32, 872
24, 608
2,289
5,841
32, 509
24, 551
2,166
5,667
32, 435
25, 020
1,787
5,516
32, 205
25, 422
1,014
5,649
31, 246
25, 251
370
5,531
28, 825
23, 224
193
5,321
28, 166
22, 593
172
5,316
30, 534
24, 866
228
5,342
32, 028
25, 736
661
5,522
31,928
24, 367
1,746
5,705
32, 80ti
24, 482
2,422
5, 788
5,470
5,003
5 503
5,011
5 470
4,986
5,430
4,955
5 444
4,972
5 362
4,916
5 368
4,925
5 402
4,961
5,437
4,993
463
90, 047
40, 477
80, 289
33, 153
73, 188
28, 182
62, 095
20, 687
56, 339
13, 348
54, 040
9,168
439
442
86, 262
34, 998
470
5,391
4,945
5 509
5,044
473
54, 975
7,627
58, 838
8,458
66, 056
12, 581
78, 069
20, 399
5 544
5,074
468
88, 454
30, 728
48, 777
50, 337
46, 361
44, 423
40, 640
42, 479
44, 244
46, 638
49, 375
52, 655
56, 819
50, 423
35, 709
24, 450
11, 130
33, 936
22, 250
11, 487
30, 858
20, 201
10, 530
27, 322
17, 562
9,655
23 359
14, 664
8,604
19,817
11, 253
8,482
17 403
8,996
8,313
17, 309
8,446
8,753
18, 266
9,173
8,952
21,216
11, 205
9,883
25, 703
14, 669
10,847
31, 392
19, 638
11,564
9,907
9,356
9,879
9,328
9,853
9,305
9,824
9,279
32, 324
21, 937
3,424
30, 949
20, 714
3,395
30, 655
20, 821
3,216
6,778
6,661
34, 288
25, 929
2,292
5,945
61
482
465
62
481
491
61
478
482
61
476
58
479
51
478
473
444
45
481
221
445
44
481
195
442
50
484
71
484
80
481
80
FOODSTUFFS AND TOBACCO
DAIEY PRODUCTS
Butter:
Consumption, apparent*
thous. of lb__ 147, 530
.20
Price, N.Y., wholesale (92 score)_dol. perlb__
112,430
Production (factory )f .
_
thous. of Ib
Receipts, 5 markets
thous. of Ib . 45, 882
Stocks, cold storage, creamery, end of month
thous. of lb._ 76, 051
Cheese:
Consumption, apparent!
thous. of lb__ 44, 284
2,823
Imports^
thous. of lb_.
.13
Price, No. 1 Amer. N.Y
dol. per lb__
Production (factory) f
thous. of lb._ 28, 436
American whole milkf
thous. of lb._ 19, 821
13, 788
Receipts, 5 markets
thous. of Ib
Stocks, cold storage, end of monthf
thous. of lb_. 78, 830
American whole milkf
thous. of lb_. 65, 536
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened)
thous. of lb_. 15, 836
Evaporated (unsweetened) §
thous. of lb._ 99, 073
Exports:
476
Condensed (sweetened)
thous. of lb._
3, 545
Evaporated (unsweetened). thous. of lb._
Prices, wholesale, N.Y.:
4.85
Condensed (sweetened)
dol. per case-Evaporated (unsweetened)
2.70
dol. per case..
Stocks, manufacturers, end of month:
Condensed (sweetened) :
7,427
Bulk goods...
thous. of lb_.
6,394
Case goods
thous. oflb..
Evaporated (unsweetened) :
Case goods..
thous. of lb_. 167,074
Fluid milk:
Consumption in oleomargarine
4,313
thous. of lb._
Production, Minn, and St. Paul
thous. of lb_. 35, 021
Receipts:
Boston, incl. cream
thous. of qt-_
Greater New York
thous. of qt
Powdered milk:
351
Exports..
thous. of lb_.
Orders, net, new
thous. of lb._
Stocks, mfrs. end of mo
thous. of l b _ _ "29,~6l4~
FRUITS AND VEGETABLES
Exports, fruits and preparations. (See Foreign trade.)
Apples:
Production, crop estimate
thous. of bu._
Shipments, car lot
carloads
6, 806
Stocks, cold storage, end of month
5, 467
thous. of bbL.
Citrus fruit, car-lot shipments
carloads
14, 409
Onions, car-lot shipments
_
carloads..
2,605
Potatoes:
Price, white, N.Y
dol. per 100 Ib
2.195
Production, crop estimate
thous. of bu_.
Shipments, car lot
carloads_. 21. 748
a
133,266
122, 655
129, 093
133, 645
160, 871
128, 815
133, 123
142, 668
139, 403
143, 939
0
129,049
50, 828
119, 212
44, 750
129, 379
50, 672
135, 371
48, 079
187, 205
65, 023
200, 712
73, 116
177, 638
64, 057
166, 884
63, 877
138, 801
54, 844
129, 689
50, 801
134, 709
.24
112,413
47, 955
138, 550
.20
111,763
49, 226
35, 159
106, 378
150, 934
175, 476
174, 713
160, 463
138,106
«1 11,249
56, 740
5,527
40, 835
6,862
.15
39, 212
3, 100
41,305
2,730
44, 770
3,830
.15
45, 499
3,440
37, 182
4, 524
.13
25, 742
19, 234
10.747
« 19, 970
77, 773
.20
.19
.18
.21
.23
.23
.25
.21
.24
.24
17, 833
11, 580
9,255
9,398
« 42, 274
3,070
40, 549
3,545
43, 817
2,892
45, 273
3,891
« 33, 913
« 23, 845
10, 768
29, 480
22, 124
9,981
34, 073
26, 186
12, 725
36, 281
29, 578
12, 728
56, 116
43, 422
16, 037
64, 359
51, 142
13, 989
57, 813
46, 209
16, 923
49, 927
39, 651
12, 656
43, 291
33, 897
12, 170
36, 494
28, 006
12, 709
39, 978
4, 988
.13
24,410
18, 027
10,771
63, 321
53, 532
55, 731
46, 992
48, 806
41, 625
43, 626
37, 321
48, 481
41, 336
78, 715
67, 456
94, 291
82, 771
108, 035
94, 394
113,131
99, 326
109, 655
95, 831
99, 009
85, 146
.12
« 15, 787
a
1 17, 385
.11
.11
.12
.15
.14
.13
.13
12, 715
14, 580
15,947
21, 363
19, 496
14, 805
15, 704
18, 201
19, 232
13, 766
14, 708
104, 658
141, 090
172, 178
203, 685
220, 655
179, 668
149, 757
126, 079
109, 754
73, 039
84, 972
506
526
475
562
333
312
2,893
3,290
2,122
3,147
330
322
2,629
482
342
3,129
3,305
2,394
2,885
1,927
287
1,810
280
2,801
4.68
4.68
4.68
4.68
4.68
4.70
4.73
4.73
4.73
4.73
4.73
4.73
2.55
2.42
2.03
2.19
2.55
2.60
2.63
2.70
2.70
2.70
2.70
2.70
6,488
9,524
5,573
7,831
5,453
5,935
6,076
5,310
8,585
9,860
13, 269
14, 996
11, 437
16, 932
11, 186
16, 428
10, 364
14, 683
10, 523
13, 198
9,813
10, 783
« 9, 664
9, 137
107, 154
101, 085
50, 571
36, 975
48, 127
104, 088
131, 980
177, 536
208, 493
234, 665
225, 040
210,407
4,426
5,044
5, 220
5, 344
5, 765
5, 100
25, 074
26, 300
31,349
18, 617
17, 604
16, 713
215
5,039
3,988
5,041
4,858
4,814
3,773
34, 903
32, 457
36, 718
34, 908
37, 821
36, 342
29, 395
25, 984
22, 812
17, 848
109, 567
16, 364
102, 264
18, 266
112,525
17, 591
109, 550
19, 409
121, 759
18, 876
118, 690
19, 235
113, 383
19, 382
18, 243
183
179
160
7,789
16, 389
9,556
14, 997
10, 251
13, 354
12, 910
13, 040
184
12, 132
13, 695
205
192
7,877
17, 473
11,237
13, 303
11,773
13, 140
9,871
15, 294
10, 134
20, 332
196
» 9, 512
22, 716
162
9, 306
« 30, 100
6, 278
5, 875
4,999
2, 830
1 964
1 083
1 420
1 538
6 123
16 060
9 061
« 143, 827
6 855
6,703
13, 566
2,311
4,138
12, 287
2,252
2,894
13 624
2^431
1, 567
12,813
2, 456
14, 047
2^740
12, 345
1^727
7 487
1J145
6 305
1^792
1,749
6 839
3,' 293
7, 515
8 183
3,' 260
8, 376
10 816
2^006
« 7, 13.^
a 13 471
2*194
2 017
1. 965
91 r.QQ
13 P.7*
1 997
e 317^ 143
19 94.^
248
192
590
225
1.258
1.250
1. 257
1.290
1. 101
1. 417
2. 371
2. 305
16.570
16.359
24. 481
is. nos
1 7 Qft«
91 2ft2
11 824
10 KM
2.080
17
l.fjfi
* New series. For earlier data see p. 19 of the May 1933 issue (gas) and p. 19 of the June 1933 issue (butter).
§ Bulk evaporated milk not included since December 1931.
« Revised.
«Dec. 1 estimate.
t Revised series. For earlier data see p. 19 of the April 1933 issue (American whole milk and total cheese stocks) and p. 20 of the January 1933 issue for 1931 revised data
on production of butter, cheese, and milk. Also apparent consumption of cheese. For 1931? revisions for butter, factory cheese, American whole milk cheese, condensed
and evaporated milk see p. 39 of the September 1933 issue and November 1933 issue for revisions for 1932 (evaporated milk).
For subsequent 1932 revisions for evaporated milk see p. 39 of the Nov. 1933 issue.
# See footnote on p. 34 of this issue.
40
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
FOODSTUFFS
March 1934
1933
March
April
May
June
July
August Septem- October Novem- December
ber
ber
AND TOBACCO—Continued
GRAINS
Exports, principal grains, including flour and
meal
.
_ _ _ __ —thous. of bu._
Barley:
Exports, including malt
—thous. of bu._
Price, no. 2, Minn
dol. per bu_.
Production, crop estimate
_ thuus. o f b u .
Receipts, principal markets *— thous. of bu_.
Visible supply, end of month...thous. of b u _ Corn:
Exports, including meal
thous. of bu —
Grindings
_ _ _
_- _ _ thons. of bu...
Prices, wholesale:
No. 3, yellow (Kansas City) dol. per bu_.
No. 3, white (Chicago)
dol. per bu._
Receipts, principal markets
thous. of b u _ _
Shipments, principal markets.thous. of b u _ .
Visible sunply, end of month,. thous. of bu_.
Oats:
Exports, including oatmeal
thous. of bu_.
Price, no. 3, white (Chicago)
dol. per bu~
Production, crop estimate
thous. of bu
Receipts, principal markets
thous. of bu._
Visible supply, end of month. _thous. of bu._
Rice:
Exports §
pockets 100 Ib
Imports #
- pockets 100 Ib—
Price, wholesale, head, clean, New Orleans
dol. per Ib—
Production, crop estimate
thous. of bu...
Receipts, southern paddy, at mills
thous. of bbl. (162 lb.)Shipments to mills, total
thous. of pockets (100 Ib.) —
New Orleans— -thous. of pockets (100 lb.)_.
Stocks, domestic, end of month
thous. of pockets (100 Ib.) —
Rye:
Exports, including flour.. .....thous. of bu._
Price, no. 2, Minneapolis
dol. per bu..
Production, crop estimate
thous. of bu._
Receipts, principal markets*.— thous. of bu..
Visible supply, end of month*. thous. of b u _ .
Wheat:
Exports:
Wheat, including flour __thous. of bu__
Wheat only
thous. of bu
Value, wheat and flour. (See Foreign
Trade.)
Prices, wholesale:
No. 1, Northern, Spring, Minn,
dol. per bu—
No. 2} Red, Winter, St. Louis
dol. per bu..
No. 2, Hard, Winter, K.C
dol. per buWeighted average 6 markets, all grades
dol. per bu—
Production, crop estimate, total
thous of bu
Spring wheat
thous. of bu
Winter wheat
thous. of bu
Receipts
thous. of bu
Shipments
thous. of bu
Stocks, visible supply, world thous. of bu
Canada
thous. of bu
United States
thous. of bu
Stocks, held by mills (quarterly)
thous. of bu
Wheat flour:
Consumption (computed).— --thous. of bbl—
Exports
.thous. of bbl—
Grinding of wheat---.
thous. of bu_.
Prices, wholesale:
Standard Patents, Minn
dol. per bbl—
Winter, straights, Kansas City
dol. per bbl_Production:
Flour, actual (Census)thous. of bbl—
Flour, prorated, total (Russell's) t
thous. of bbl
Offal
thous. of Ib..
Operations, percent of total capacity
Stocks, total, end of month (computed)
thous. of bbl—
field by mills (Quarterly) thous. of bbl
5, 325
4,826
3,569
4,172
2,803
3,176
3,210
4, 220
2,749
2,523
2,143
4,609
7,558
514
.71
1,121
.26
449
.25
1,113
.30
648
.40
785
.45
858
.43
836
.64
437
.58
411
.69
283
.67
1,314
.63
4,552
14, 102
1,787
8, 685
1,203
8,496
1,683
8,320
5,055
8,414
8,780
10, 809
5,091
11,701
6,280
11, 633
5,719
14, 069
6,687
14, 830
4,315
15, 692
2, 974
15, 665
151
.68
«156,104
2,825
14, 635
167
4, 329
155
5, 758
583
5,022
371
5,830
187
7,117
713
8,862
453
5,473
581
6,511
438
6,005
482
4,645
287
5,761
1,283
8,694
408
3,924
. 45
.50
.23
.24
.22
.23
.26
.26
.33
.36
.39
.44
.40
.45
.52
.57
.50
.53
.44
.48
.38
.42
.43
.44
15, 052
8, 688
68, 067
12, 715
3,750
33, 793
12, 641
3,602
35, 006
9,885
4,991
36, 120
16, 623
11, 776
32, 463
26, 464
16, 718
38, 362
33, 742
15, 111
49, 187
46, 223
23, 594
63, 456
13, 543
14, 659
57, 747
21,333
10, 675
59, 670
26, 610
17, 887
61, 462
74
.37
237
.15
360
.15
582
.17
210
.22
153
.25
163
.30
155
.39
172
.36
96
.35
105
.32
82
.34
3, 938
44, 696
4,352
26, 220
4,236
25, 434
4,767
23, 983
8,191
22, 228
11, 791
23, 695
12, 159
28, 173
16, 542
34, 598
19, 978
44, 746
8,815
49, 367
5,054
48, 642
4,156
47, 818
123
.35
• 722, 485
3,390
46, 503
104, 951
15, 338
153, 549
31, 872
152, 025
23, 837
166, 291
28, 704
157 235
21, 635
69 816
20, 047
71 573
16, 913
163, 348
20, 345
73, 077
30, 368
26 987
23, 034
78 296
15, 169
79, 288
24, 737
96, 097
22,861
.039
,019
.019
.021
.022
.026
.026
.029
.031
.034
.036
.038
.039
• 35, 619
.43
.47
^2,330,237
21, 840
16, 622
13, 729
7, 921
64, 045
69, 334
721
687
747
821
1,032
628
257
112
171
1,067
2,094
1,100
910
67
838
67
750
48
1,058
72
1,102
19
821
54
565
49
554
50
431
87
605
92
965
47
773
96
2, 488
2,013
2,036
1,856
1,833
1,650
1,381
937
671
1,157
2,373
2,767
2, 648
0
.64
0
.33
I
.32
I
.35
3
.43
2
.52
17
.62
6
.83
.72
3
.71
2
.62
0
.62
660
12, 936
608
7,934
286
7,790
546
7,688
1,269
8,006
5,211
8,806
2,573
10, 501
1,689
11, 273
1,218
11,998
1,704
12, 968
668
13, 158
1,501
14, 153
0
.60
« 21,184
430
13, 735
4,570
2,867
3,313
1,793
2,170
729
2,105
456
1,754
194
1,523
14
1,719
16
1, 391
29
1,700
21
1,531
43
1, 466
24
1,930
513
6,876
5,052
.88
.50
.49
.53
.63
.74
.80
1.08
.94
.90
.85
.86
.91
.84
.50
44
.49
.44
.55
.48
.69
.60
.81
.70
.82
.76
1.01
.98
.92
.90
.89
.87
.86
.83
.90
.84
.88
.48
.48
.53
.64
.73
.78
1.00
.92
.89
.84
.87
.83
17, 624
17, 473
516, 580
244, 965
149, 719
11,612
15, 551
501, 060
242, 478
138,505
'527,413
'176,383
»351, 030
11,151
11,685
532, 920
241, 084
129,574
8,749
312
37, 371
8,848
302
37, 067
8,607
388
a 33, 492
6. 6f»
_
.80
37, 172
17, 527
459, 660
193, 879
135, 493
26, 748
13, 729
482, 600
191, 545
149, 732
8,455
362
39, 487
10, 322
290
38, 288
7,127
362
30, 866
8,063
317
34, 473
4.86
5.38
7. 55
7.14
6.93
6.75
6.90
4.03
4.13
6.11
6.05
5.93
5.50
5.60
5.40
8,298
8,777
8,577
8,275
6,719
7,540
8,181
8,116
« 7, 332
9,255
709, 357
53
9,128
745, 950
59
9,963
711, 463
54
9,417
696, 558
52
9,375
680, 822
53
7,956
548, 544
40
8,769
609, 599
46
9,171
656, 225
50
9,158
653, 267
52
8,062
'589, 978
47
4,900
5,660
3,718
5, 400
5, 100
5,700
2,993
4,463
4,960
5,350
3,825
5,460
5, 500
4,567
4,634
1,061
919
993
1,030
1,107
1,095
1.051
1,159
1,163
1,205
1, 160
1,465
1,239
1,019
1,052
1,106
1, 240
1,314
1,185
1,164
1,066
1,077
1,251
1,231
1,047
71
717
47
751
46
749
42
780
45
865
51
1,049
65
1,146
75
1,104
73
940
65
73J
50
773
54
•911
«65
12, 729
10, 246
577, 600
225, 360
136, 724
15, 753
13, 421
522, 330
215, 204
125, 934
23, 310
17, 258
475, 380
196, 581
118, 546
8,144
351
40, 705
9,056
332
42, 560
9,942
321
40, 392
3.71
4.03
4.54
2.75
3.04
3.48
8,077
7,216
8,867
9,055
646, 950
52
8,573
572, 587
50
4, 940
1 273
12, 814
8,375
643, 550
228, 647
158, 228
9,869
7,481
620, 400
223, 439
148, 426
9,281
324
36, 949
8,247
308
33, 133
6. 84
3.80
5.63
3.00
8, 744
706, 838
54
8, 747
8 921
233, 368
113 671
22, 604
13, 568
515, 950
213, 356
153, 438
173, 884
131,854
116,910
"362"
30, 907
28, 598
15, 822
458, 610
197, 665
124, 973
LIVESTOCK AND MEATS
Total meats:
Consumption, apparent
mills, of Ib
Exports, value of meats and fats. (See Foreign Trade.)
Production (inspected slaughter)
mills, of Ib—
Stocks, cold storage, end of month, total
mills, of lb_.
Miscellaneous meats
.mills, of Ib.. 1
* New series. For earlier data see p. 20 of the November 1932 issue (barley and rye),
t Data revised from July 1931. See p. 19 of the August 1933 issue.
a
Revised.
1
l.U&S
§ Data for 1932 revised. For revisions see p, 39 of the June 1933 issue.
# See footnote on p. 34 of this issue.
« Dec. 1 estimate.
March 1934
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
41
1933
March
April
May
June
July
August Septem- October Novem- December
ber
ber
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS— Continued
Cattle and beef:
Beef and veal:
Consumption, apparent,
thous. of lb._ 498, 571
1, 389
Exports§
thous. of lb._
Price, wholesale:
Beef, fresh native steers, Chicago
dol. per lb._
.089
Production, inspected slaughter
thous. of lb_- 492, 762
Stocks, cold storage, end of month
thous. of lb._ 73, 671
Cattle and calves:
Movement, primary markets:
Receipts
thous. of animals . 1,643
Slaughter local
thous of animals
1 098
Slaughter, inspected. (See Leather and
leather products.)
527
Shipments, total
thous. of animals..
Stocker and feeder. -thous. of animals_.
165
Price, wholesale, cattle, corn fed, Chicago
dol. per 100 lb_.
5.55
Hogs and products:
Hogs:
Movement, primary markets:
Receipts
thous. of animals. . 4 231
Slaughter, local .
thous. of animals..
3,010
Slaughter, inspected.
(See Leather
and leather products.)
Shipments, total
thous. of animals..
1,207
41
Stocker and feeder
thous. of animals..
Price, heavy, Chicago. —dol. per 100 lb_. 3. 38
Pork, including lard:
Consumption, apparent
thous. of lb_. 717,539
Exports, total
thous. of lb._ 62 617
Lard
thous. of lb_. 51, 202
Prices:
Hams, smoked, Chicago
dol. per lb..
.118
Lard:
Prime contract, N.Y..
dol. per lb._
.057
Refined, Chicago*
dol. per lb._
.062
Production, inspected slaughter, total
thous. of lb_- 915,320
Lard
..thous. of lb._ 188, 505
Stocks, cold storage, end of mo.
thous. of lb-_ 897, 501
Fresh and cured
thous. of lb.. 728, 403
Lard
thous. of lb__ 169 098
Sheep and lambs:
Lamb and mutton:
Consumption, apparent
thous. of lb.. 56,562
Production, inspected slaughter
thous. of R^- 56, 799
Stocks, cold storage, end of mo.
thous. of lb.4,177
Movement, primary markets:
Receipts...
thous. of animals..
1,818
Slaughter, local
_ thous. of animals .. 1 132
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals.691
Stocker and feeder... -thous. of animals..
116
Prices, wholesale:
Ewes, Chicago—.
dol. per lOOlbs..
2.75
Lambs, Chicago.
dol. per lOOlbs..
7.23
Poultry and eggs:
Eggs:
Receipts, 5 markets
__ thous. of cases. .
808
Stocks, cold storage, end of month:
Case
thous of cases
52
Frozen.
thous. of lb_. 49, 878
Poultry:
Receipts, 5 markets
thous. of lb_. 31 531
Stocks, cold storage, end of mo.
thous. of lb_. 120, 157
371, 847
927
343, 608
844
373, 610
1,135
432, 849
1,164
434, 366
1,657
423, 174
1,344
473, 257
1,689
465, 155
1,859
489, 501
1,060
436, 958 « 4 15, 516
1 , 080
1, 924
.106
.105
.097
.092
.094
.094
.094
.098
.094
.096
.090
.082
365, 532
338, 763
370, 562
372, 635
430, 356
436, 508
426, 689
475, 679
466, 068
494, 763
445, 009
423, 351
39, 550
36, 015
33, 781
30, 658
30, 538
35, 136
41, 823
48, 446
51, 198
59, 233
70,010
°1, 324
°826
a
1, 137
725
1,171
786
1,296
829
1,558
1 006
1,449
959
1,456
953
1,653
1 004
2,178
1 160
1 699
993
1 343
854
°474
152
407
129
386
97
456
152
534
193
489
150
460
111
603
638
971
213
261
528
731
381
491
176
5.09
5.16
5.44
5.52
6.32
6.36
6.50
6.32
6.23
5.77
5.26
5.32
3, 388
"2, 401
2,699
1,896
2,638
1,921
2 798
2 084
3 143
2,412
3 361
2 621
2 871
2 136
°3 924
2 957
6 494
5 552
2 521
1 699
3 207
2 38°
3 332
9 406
°978
a
30
2.94
803
24
3.41
715
20
3.92
714
29
3.75
718
38
4.57
737
46
4.58
736
55
4.56
856
41
3.94
1,032
37
4.04
813
33
4.49
828
28
4.15
929
29
3.31
634, 850
88, 713
78, 137
523, 896
65, 761
57, 773
561, 356
58, 351
47, 661
596, 651
50 639
38, 741
615, 825
56 154
46, 038
605, 893
52 093
37, 941
576, 467
51 112
36, 200
628, 786
49 240
35, 714
637, 565
61 157
48, 743
652, 097
61 864
49, 812
a
a
1, 669
1 068
a
79, 232
670, 866 « 567, 717
67 453
63 705
54, 778
47, 563
.107
.108
.114
.116
.121
.128
.135
.132
.124
.122
.127
.119
.046
.052
.042
.051
.048
.055
.049
.058
.066
.073
.066
.071
.073
.074
.060
.068
.060
.067
.057
.069
. 059
.071
.051
.059
819, 244
175, 438
628, 937
131, 985
623, 747
127, 436
677, 378
139, 066
750, 898
150, 410
823, 375
171,519
707, 530
148, 330
129, 045
539, 848
108, 085
518, 294
98, 180
752,912
627, 925
575, 084
52 841
667, 503
609, 321
58 182
671, 914
610, 240
61, 674
702, 255 781, 442
630, 360 670, 553
71 895 110 889
946, 980 1,027,581 981, 177
760, 730 808, 322 756, 701
186 250 219 259 224 476
822, 498
630, 437
192 061
627, 001
493, 308
133 693
645, 531 « 762, 206
529, 454 « 629, 096
jgr) ^-j Q
116 077
631,418
751, 663
150, 287
143, 491
a
54, 482
51, 720
57, 790
56, 419
58, 368
54, 569
51, 054
56, 762
60, 116
63, 210
52, 543
53, 761
51, 400
57, 939
56, 397
58, 456
54, 556
50, 862
56, 666
60, 540
63, 859
52, 952
56, 026
2,029
1,683
1,818
1,773
1,843
1,807
1,594
1,487
1,886
2,511
2,888
M,012
1,914
1,083
1,795
1 020
1,844
1,099
2,097
1 152
2,402
1 319
2,091
1 167
<> 2, 228
1 106
2, 795
1 249
2,911
1 277
3,268
1 351
2, 064
1 068
1,774
1 033
820
108
776
82
747
65
948
107
1,081
125
912
100
1,103
108
1, 509
347
1,622
498
1,904
857
1,031
462
739
143
1.75
5 53
1.75
5.44
1.75
5 38
1.88
5 18
1.88
6 10
2.16
7 28
1.83
7 20
1.88
6 81
1.88
6 34
1.88
6 40
1.88
6 °S
f! r>^
1,050
988
1,639
2 280
2 502
1 576
1 152
951
733
651
514
75
46, 448
163
40, 450
1 833
45, 090
4 857
62,944
8 062
85, 323
9 364
103, 019
9 507
107, 660
8 944
102, 449
7 466
93, 182
H i ye
9 P41
0
82, 302
72, 348
« 61,419
30, 153
21, 975
17 879
18 617
23 123
24 086
22 121
23 966
24 g()9
3° 098
80 50^
70 6^0
104, 833
88, 675
67, 285
45, 824
38, 131
42, 705
44, 970
47, 789
50, 177
59, 528
91, 211 « 123, 503
14 471
.0370
20 324
.0388
14 801
.0450
18 097
.0480
18 198
.0550
23 884
.0548
2° 056
. 0470
11 346
i n on1}
.0420
.0458
10 767
.0419
25, 349
17, 739
18,028
19, 613
17, 832
23, 865
10, 260
11,409
22 ]26
44, 599
1,245
678
1,109
.082
1,792
1,116
597
922
.078
1,588
1,197
625
1,187
.082
1,631
1,366
716
977
.076
1,543
1,586
745
865
.076
1,440
1, 329
627
1,128
.076
1,565
1, 465
770
834
.074
1,836
1,274
602
1,019
.074
1,646
1,448
870
838
074
1, 434
1, 426
7'V2
1, 144
.081
1, 520
27, 282
26, 089
24, 233
23, 095
22, 394
22, 370
23, 598
24, 725
TROPICAL PRODUCTS
Cocoa:
Imports #
long tons
1Q 146
25 181 22 853
Price spot, Accra, N.Y
dol. perlb.. .0472
.0367
.0358
Shipments, Gold Coast and Nigeria
long tons.. 52, 253 51, 234 29, 577
Coffee:
Clearances from Brazil, total.thous. of bags..
1,877
1,303
1,117
To United States
thous. of bags
997
784
655
Imports into United States #„ thous. of bags.. 1,100
911
1,083
Price, Rio No. 7, N.Y
dol. per lb_.
.091
.083
.085
Receipts at ports, Brazil
thous. of bags. . 1,419
1,315
1,401
Stocks, world total, inch interior of Brazil
thous. of bags _
29, 819 28, 956
Visible supply, total excl. interior of Brazil
thous. of bags.. 7, 718
5,154
5,296
United States
thous. of bags..
1,038
545
714
a
Revised.
* New series. For earlier data, see p. 18 of the January
# See footnote on p. 34 of this issue.
376, 913
1, 561
0
« 54, 869
2.44
r
)°0
73 1
5,778
5,754
5,888
6,140
6,418
6,634
6,957
7,179
7, 590
7, 345
703
821
735
735
747
1,006
976
945
966
1,076
1933 issue.
§ Data revised for 1932. For revisions, see p. 40 of the June 1933 issue.
42
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
January
March 1934
1933
January
|JyU"
March
April
May
June
July
August
Se
^eerm" October
No
£|™' ^Tr™"
FOODSTUFFS AND TOBACCO — Continued
TROPICAL PRODUCTS— Continued
Sugar:
Raw sugar:
Cuban movement:
Exports
long tons
Receipts at Cuban ports
long tons..
Stocks, total, end of month
926
thous. of long tons..
1,444
2,062
2,911
United States:
Meltings, 8 portst
long tons.. 237, 313 215, 768 224, 948 342, 037
Price, wholesale, 96° centrifugal, New
.032
York
...dol.perlb..
.027
.028
.030
Receipts:
From Hawaii aud Puerto Rico
long tons. . 79, 790 86, 809 125, 149 170, 909
Imports § #
_ - ..long tons_. 173, 846 170, 779 163, 821 258, 951
Stocks at refineries, end of mo.f
long tons.. 256, 031 147, 879 200, 163 281, 051
Refined sugar:
3,560
3,325
Exports including maple §
_ long tons__
2,470
2,768
.052
.047
Price, retail, gran., N.Y
dol. per lb._
.049
.048
.042
.041
Price, wholesale^ gran., N.Y
dol. per lb_.
.039
.038
Shipments 2 ports
long tons. . 39, 925 83, 876 94, 278 52, 654
Stocks, end of month, 2 ports
long tons.. 22, 701 59, 315 65, 767 26, 046
Tea:
5,705
Imports #
--- thous. of lb_. 6,938
9,038
6,635
Price, wholesale, Formosa, fine, N Y .
.181
dol. per lb-_
.175
.175
.175
2,882
2,825
2,637
2,386
2,213
2, 081
1, 598
1, 292
1, 212
345, 677
361, 308
411,361
358, 713
408, 918
277, 642
258, 209
264, 289
179, 119
.031
.033
.034
.035
.035
.035
.033
.032
.032
227, 499
308, 660
185, 062
305, 753
164, 316
261, 516
176, 296
312, 112
99, 100
169, 933
108, 023
177, 152
63, 845
170, 729
53, 354
160,903
30, 840
105, 123
367, 545
426, 714
448, 183
498, 052
369, 780
311,462
290, 416
248, 054
203,513
2,854
.048
.042
66, 774
25, 605
3,090
.049
.044
76, 163
32, 826
3,625
.049
.045
62, 279
36, 513
3,513
.054
.046
59, 718
38, 928
4,062
.052
.046
67, 208
42, 018
4,020
.052
.046
49, 909
32, 649
4,427
.051
. 045
36, 464
25, 984
4, 900
.052
.044
35, 036
23, 473
o, 965
. 052
. 043
34, 668
26, 360
7,067
7,295
5,846
8,909
11, 575
9,496
10, 929
6,418
7, 670
.175
.175
.175
.175
.175
,175
.175
.175
. 175
22, 319
MISCELLANEOUS PRODUCTS
Candy sales by manufacturers thous. of dol..
Fish:
Landings, fresh fish, principal ports
thous of Ib
Salmon, canned, shipments
cases. .
Stocks, total, cold storage, 15th of month
thous of Ib
TOBACCO
Leaf:
Exports §
thous. of lb~
Imports, unmanufactured #
thous. of lb~
Production crop estimate
thous. of Ib
Stocks, total, including imported types
(quarterly)
mills, of Ib
Flue-cured, fire-cured, and air-cured
mills, of Ib
Cigar types
mills of Ib
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions __
Large cigars
thousands
Manufactured tobacco and snuff
thous. of Ib.Exports cigarettes
. .- _ thousands. _
-Prices, wholesale:
Cigarettes
dol. per 1,000..
Cigars__
dol. per 1,000..
16, 104
15, 506
14, 852
15, 033
15, 561
11,844
10, 717
16, 286
21, 553
22, 598
22, 303
17 270
282, 104
22 325
631, 818
24 158
516, 749
28 426
378, 682
30 297
477, 019
22 231
301, 645
28 784
323, 634
34 036
700, 734
30, 542
603, 692
33, 595
318, 730
21, 170
200, 074
45 476
35 469
25 855
19 335
a
0
0
55, 928
« 58, 338
28, 403
16, 392
25, 796
7,397
36, 725
9,910
38, 713
4,285
66, 217
1,911
44, 182
2, 776
62, 568
4, 198
«1,396.174
20, 516
a
26, 997
4,218
a
19 645
25 711 °33 331
20, 251
2,669
18, 523
1,502
30, 621
1,880
44, 882
24, 503
1,666
51, 475
42, 396
2,349
2,278
2,099
1,599
400
57, 188
2,009
1 785
389
312, 064
a
1,529
389
11, 483
337, 292
8,622
296, 640
7,854
287, 430
7,974
290, 111
7,973
321, 207
12, 823
371, 373
12, 463
418, 570
9,526
400, 511
11, 189
434, 821
9,528
423, 600
9, 176
408, 452
6,835
415. 347
7,800
276, 690
30, 846
283, 784
27, 786
207, 980
24, 446
146, 038
27, 456
238, 126
28, 847
131,016
31, 838
197, 603
32, 358
142, 109
28, 782
207, 360
32, 942
171, 439
29, 133
271,311
30, 546
272, 496
25, 407
238, 329
21,686
271, 219
5. 274
46. 616
5.292
48. 685
4.961
46. 062
4.851
46. 062
4.851
46. 062
4.851
46. 062
4.851
46. 062
4.851
46. 062
4.851
46. 062
4.851
46. 062
4.851
46. 519
4. 851
46. 461
FU:ELS ALND
i
4. 851
46. 461
I*YPR<ODUC,TS
COAL
Anthracite:
71
83
85
99
125
102
83
96
38
31
67
80
60
Exports
thous. of long tons. .
Prices:
Retail, composite, chestnut
13.12
13. 24
13.23
12.65
13. 26
12.00
12.26
13.00
13.53
12.25
dol. per short ton... 13.25
13.61
13.48
Wholesale, composite, chestnut J
9. 920
9.962
9.931
9.341
9.648
9. 926
9.542
9.616
dol. per short ton... 9.912 12. 228 12.228 10. 874 10. 095
4,424
4,811
4,396
4,711
3,928
4,993
6,125
3,677
2,891
2,967
3,807
4,275
4,519
Production t
thous. of short tons._
4,012
3,990
4,222
4,147
4,098
3,521
3,239
3,744
2,460
2,495
3,820
Shipments t
thous. of short tons . 5,189 a 3, 349
1, 100
977
1,351
1,293
533
1,267
736
792
457
435
725 « 1, 240
511
Stocks, in storage
thous. of short tons..
Stocks, in yards of dealers, end of month
49
38
63
34
42
53
46
32
no of days' supply
Bituminous:
Consumption:
4,346
3, 694
3,805
3,536
3,329
4,164
4,020
2,469
2,854
2,502
2,554
2,708
Coke plants
..thous. of short tons... 3,774
Electric power plants t
2,882
« 2, 825
2,826 « 2, 738
2,482
2,294
2,676
2,074
2,785
2,492
2,196
2,305
thous. of short tons.. 2,806
4,746
4, 984
5, 159
5, 002
4,357
4,659
4,759
4,354
4,492
4,248
4,481
4,682
Railroads
thous. of short tons..
117
134
122
140
91
106
65
73
118
58
103
59
63
Vessels, bunker..
thous. of long tons..
953
1, 000
44S
806
811
983
976
435
722
369
337
311
287
Exports
thous. of long tons Price, retail composite, 38 cities
7.77
7.64
7.18
7.94
8. 18
8.08
7.37
7.17
8.24
7.45
«8. 18
7.43
dol. per short ton..
7.46
Prices, wholesale:
3.690
3.961
3.500
3.572
3. 929
3.722
3. 963
3.503
3.555
3.549
3.497
3.566
Composite, mine run dol. per short ton.. 3.972
Prepared sizes (composite)
3.726
4. 164
3.550
3.829
4. 119
4. 167
3.400
3.416
3.614
3.598
3.416
3.581
dol. per short ton.. 4. 178
33, 910
25, 320
29, 656
30, 582
29, GOO
29, 482
29, 500
19, 523
22, 488
32, 916
27, 060
27, 134
23, 685
Production t
thous. of short tons
Stocks, consumers, end of month
30, 582 * 34. 095
32, 714
22, 972
34, 143
22. 486
23. 843
thous. of short tons._
29. 046
^Revised.
§ Data for 1932 revised. For revision see p. 41 (sugar) and p. 42 (tobacco) of the June 1933 issue.
«Dec. 1, estimate.
f For revised data for year 1932 see p. 41 of the May 1933 issue (sugar) and p. 42 of the May 1933 issue (bituminous coal consumption by electric-power plants). Data
for anthracite shipments revised for 1932.—See p. 42 of the December 1933 issue. For 1932 final revision of anthracite and bituminous coal production see p. 42 of the January
1934 issue.
J Price convertel to short-ton basis.
# See footnote on p. 34 of this issue.
SURVEY OF CUEEENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
43
1933
March
April
May
June
July
DecemOctober , ber
August S» r\ f v, - ! November
FUELS AND BYPRODUCTS—Continued
COKE
Exports
thous. of long tons
Price, furnace, Connellsville
dol. per short ton_.
Production:
Beehive t
thous. of short tons
Byproduct!
__thous. of short tons..
Petroleum
thous. of short tons
Stocks, end of month:
Byproduct plants
thous. of short tons..
Petroleum, refinery
thous. of short tons..
39
21
22
23
14
46
56
62
73
85
72
56
39
3.63
1.88
1.81
1.75
1.75
1.75
1.84
2.50
2.91
2.63
3.47
3.75
3. 75
97
2,476
127
82
1,785
84
1,639
93
1,666
47
1,656
47
1,921
50
2,241
68
2 797
71
2,923
60
2 712
90
2 455
2,347
637
3,308
1,236
95
107
2,831
1,172
147
138
2,703
1,149
2,847
1,149
145
154
2,975
1, 176
2,947
1,185
154
2,951
1,149
112
3,022
1,036
45
2 582
93
2,345
139
139
118
129
3,080
987
3,053
891
3,043
760
2, 850
727
75, 316
2 069
75, 461
1 758
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills) _ _ . thous. of bbL. 71,512 66, 093 61, 042 67, 984 68, 822 74, 340 74, 619 79, 525 79, 151
Imports^
thous. of bbL
2,831
2 143
2 910
2 369
3 803
3 411
3 Oil
2 206
3 673
Price Kansas-Oklahoma
dol per bbl
530
380
380
315
380
276
940
460
505
Production ^
.
thous. of bbl
63, 998
61 029
75 302
65 313
82 841
84 387
71 976
84 747
85 239
Refinery operations
pet. of capacity-60
72
63
67
66
63
69
73
73
Stocks, end of month:
California:
Heavy crude and fuel oiL.thous. of bbl_. b 86, 869 95, 765 95, 590 94, 554 95, 349 95, 322 95, 367 95, 335 95, 273
Light crude
thous. of bbL. 33, 864 39, 297 39, 968 39, 909 39,516 38, 722 37, 537 36, 625 b 35, 197
East of California, total 1 thous. of bbL_ b311, 659 290, 404 289, 342 295, 349 289, 933 297, 166 303, 260 306, 969 »>315,563
Refineries 1
thous of bbl b 55 458 47 100 46 797 48 889 48 997 50 839 50 220 48 304 6 56 429
Tank farms and pipe lines ^thous. of bbL. h 256, 201 243, 304 242, 545 246, 460 240, 936 246, 327 253, 040 258, 665 &259, 134
Wells completed t
._ .
number _ _
°652
472
372
485
444
486
548
910
643
Mexico:
Exports
thous. of bbL.
1,509
1,290
1,940
2,215
1,867
2,502
1,398
1 979
2 607
Production
thous. of bbl__
2,890
2,547
3,008
2,805
2 825
2 886
2 951
2 893
Venezuela:
Exports.
thous. of bbl__
9,582
9,340
8,222
8,661
9,624
10, 076
9,844
9, 636
10, 146
Production _ thous. of bbl__ 10 860
9,699
9 262
9 058
8 834
9 945
10 052
9 133
10 309
Refined products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbL.
649
652
580
674
898
727
1,028
906
967
Railroads.
_
thous. of bbL.
2,882
2,809
2,699
2,926
2,785
2,948
2,891
2 817
Vessels bunker
thous. of bbl
2 702
2 813
2 779
2 8°6
3 179
2 726
2 896
2 646
3 070
Price, fuel oil, Oklahoma, 24-26 refineries
.475
.331
.356
.425
.363
.325
.415
.690
.444
Production:
dol. per bbL.
Residual fuel oil* 1
thous. of bbl.. 19, 822 18, 578 17, 156 19, 246 19, 145 20, 010 20, 556 21, 572 21, 049
Gas oil and distillate fuels* 1
6,885
6,451
5,751
6,271
6,108
7,295
Stocks:
thous. of bbl.. 7,675
6,845
6,143
Residual fuel oil, east of California* H
thous. of bbL. 16, 134 18, 911 18, 069 17, 714 17, 230 17, 763 17, 374 17, 941 * 19, 097
Gas oil and distillate fuels, total*
12, 683
11, 549
11,390
14, 980
12, 890
11, 557
17, 760
Gasoline:
thous. of bbL. 14, 136
18, 948
Consumption 1
thous. of bbl__ 29, 519 a 26, 510 23, 312 28, 227 30, 176 33, 999 37, 710 34, 458 37, 426
Exports ._ ._
.
thous. of bbL.
2, 251
1 729
3 024
1 829
2 154
1 797
3 029
1 955
1 550
Exports, value. (See Foreign Trade.)
Price, wholesale:
Drums, delivered, N.Y
dol. per gal_.
.135
.135
.143
.149
.165
.135
.145
.165
.165
Refinery, Oklahoma
dol. per gal. . .048
.028
.026
.023
.026
.037
.026
.048
.041
Price, retail, service station, 50 cities
do1
.116
.115
.116
.131
.116
.108
.135
.140
Production •
' Per & al -At natural gas plants 1 thous. of bbL. 3, 024
2,870
2,543
2,674
2,669
2,769
2,771
2,776
2,824
At refineries 1
..thous. of bbL. 32, 761 30, 508 27, 676 31, 577 31,921 34, 611 35, 428 36, 576 36, 524
Retail distribution (41 States) t
mills, of gal. .
768
689
884
1,074
1, 004
810
969
1,084
Stocks, end of month:
At natural gas plants
thous. of bbL.
539
992
651
814
752
873
950
926
847
At refineries f
thous. of bbl— 30, 535 37, 691 35, 652 36, 882 35, 881 33, 757 30, 582 30, 142 29, 038
Kerosene:
Consumption f
thous. of bbL.
3,656
3,274
4, 245
2,925
3,115
2,041
2,975
3,005
2,799
gOQ
Exports
thous. of bbl.
872
576
615
629
349
691
846
598
Price, 150° water white, refinery, Pa.
dol. per gal..
.049
.048
.048
.044
.044
.047
.048
.045
.044
Production.
..thous. of bbL. 4,507
4,363
3,691
4,046
4,272
4,146
4,126
3,877
4,109
Stocks, end of month
_. thous. of bbl._
4,794
6, 228
4,574
5,230
6,404
7,785
4,827
5,761
8,445
Lubricating oil:
Consumption ^
_
thous. of bbl_.
859
1, 359
1,101
1,390
1,624
1,646
1,630
1,143
1,535
Price, cylinder oil, refinery, Pa.
dol. per gaL.
.133
.208
.119
.116
.149
.113
.134
.169
.179
Production
thous. of bbl.. 2, 198
1,621
1,827
1,794
1,871
2,114
1,846
1,965
2,019
Stocks, refinery, end of month
8,796
8,812
8,330
7,734
8,712
7,199
8,167
7,226
Other products:
thous. of bbL. 7,020
Asphalt:
3
3
3
O
1
1
2
2
o
Imports $
thous of short tons
947
Production ^
__ thous. of short tons
102
142
152
95
247
124
229
265
Stocks, refinery, end of month
thous. of short tons..
304
272
294
306
304
288
298
278
268
Coke. (See Coke.)
Wax:
Production
_
..thous. oflb— 46, 480 36, 680 28, 000 36, 400 37, 800 40, 600 38, 640 36, 120 40, 320
Stocks, refinery, end of month
thous. of lb_. 78, 934 160, 240 147, 849 136, 785 124, 927 124, 770 112,614 98, 536 85, 924
68, 461
1 875
70, 440
2 876
768
940
940
940
78 186
76 017
69 755
72 060
71
69
65
65
92, 507
90, 242
94, 926
87, 826
b 35 076 b35 568 *>35 399 a fc 34 1 04
^315, 878 6312,815 &311.758 «">312,070
5 56 452 554 458 ^55 837
^57 048
<>259,' 426 ^258, 357 ^255,921 <>255, 022
992
1 070
955
a°05
947
2 606
1 278
2 428
1 184
2 900
2 582
3 259
9,959
10 182
10, 096
10 728
10, 398
10 717
10, 558
11 084
902
2 953
945
3 292
2 397
914
3 154
1 511
3 118
9 fifiQ
.563
.620
.650
20, 143
20, 819
19, 004
«953
9 70^
.663
18, 962
6,375
7,157
6,391
7,252
18, 824
20, 315
18, 957
» 17,660
20, 160
20, 454
32, 973
2 455
19, 016
30, 262
2 771
' 16,212
34, 303
1 802
.174
.052
.177
.051
.177
.050
.177
.050
28, 787
1 452
.145
143
.142
2,791
36, 581
2,981
35, 971
2,931
32, 891
1 030
962
931
661
28, 747
572
28, 572
609
27, 308
3,375
3, 406
922
3, 726
1 045
4, 143
851
.048
4,004
8,343
.053
3,993
7,987
.053
4, 005
7,217
.052
4, 289
< 6, 557
1,426
1,507
1,538
1, 667
.183
2,046
.190
2,115
.190
2, 375
.190
2,212
7,007
6,776
7,075
' 7, 030
3
j
218
234
156
4
151
253
242
259
255
42, 280
47, 320
43, 680
41, 720
80, 300
75, 803
72, 751
68, 833
3,005
31, 685
842
'992
' 28, 661
* New series. For earlier data see p. 20 of the February 1933 issue.
# See footnote on p. 34 of this issue.
t For revised figures for year 1932 see p. 43 of the May 1933 issue (consumption of fuel oils by electric power plants), and p. 43 of the May 1933 issue (retail distribution of
gasoline for 1932). Data for coke revised for 1932. See p. 43 of the December 1933 issue.
IData revised for 1932. For revisions of months January to August, inclusive, see p. 56 of the November 1933 issue
b
Statistics here given as of Aug. 31 and subsequent months (?) are not comparable with these figures for earlier months because of revisions and transfers from one
kind of storage to another as a result of the new form of report to the Petroleum Administrative Board. The Bureau of Mines has not found it possible to reconcile these
figures and \vill report the figures henceforth to compare with the August data. The Aug. 31 figures on the old basis are on p. 42 of the November 1933 issue.
' Beginning Aug. 31 figures reported on the new basis caused by transfer of 414,000 barrels from gas oil and fuel oil stocks.
0
New basis as of Dec. 31 caused by 1,089,000 barrels being classified as fuel oil.
' New basis caused by transfer of 243,000 barrels from bulk terminal stocks and approximately 93,000 barrels transferred from refinery stocks.
* New basis resulting from transfer of finished stocks to unfinished stocks and addition of stocks not previously reported.
44
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
March 1934
1933
March
April
May
June
July
August Septem- October Novem- December
ber
ber
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins § #_thous. of lb._
Calf and kip skins
thous. o f l b
Cattle hides
thous. of lb
Goatskins
_thous. of lb_.
Sheep and lamb skins
thous. of lb__
Livestock, inspected slaughter:
Calves
thous. of animals..
Cattle
thous. of animals
Hogs
thous. of animals
Sheep
. .thous. of animals..
Prices, wholesale:
Packers, heavy native steers, Chicago
dol. per lb._
Calfskins, no. 1 country, Chicago
dol. per lb._
LEATHER
Exports:
Sole leather
thous. of lb._
Upper leather§
thous. of sq. ft..
Production:
Calf and kip*
thous. of skins..
Cattle hides*
.thous. of hides.
Goat and kid*
thous. of skins
Sheep and lamb*. .
._ thous. of skins .
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb__
Upper, composite, chrome, calf, black, "B"
grade
dol. per sq. ft._
18, 662
2,840
5 807
6,140
2, 494
14, 728
2,591
3 288
4,795
12, 916
1,987
2 545
2,127
4,266
2,688
345
612
317
569
471
831
5,391
1,407
4,700
1,332
14, 256
1 816
3 127
5,454
2,090
398
617
3,647
3,602
1,250
1,413
17, 516
3 445
4 463
32, 645
4, 192
14 450
7, £01
4,086
21, 588
2, 405
10 227
5,319
2, 368
20, 766
2, 104
7 762
6, 837
2, 541
424
3,038
1,532
1,609
861
3 058
1, 668
4, 501
1, 356
402
721
4 530
1, 390
29, 292
4 606
10 432
50, 103
50, 828
3,759
5,909
24 836
26 374
1,150
38, 996
6 353
14 887
7,184
7,412
426
616
476
717
441
751
416
840
3,477
6,222
6,500
8,579
7,756
4,286
1,409
4,626
1,505
1,490
401
752
3,914
1,399
3,847
5,492
8,733
8,320
36, 354
3, 191
17 488
8,291
5,083
405
821
.101
.054
.048
.052
.062
.098
.122
.137
.150
.132
.103
.103
.099
.144
.066
.061
.066
.076
.121
.153
.174
.190
.174
.158
.156
.167
252
6, 160
4,484
134
86
5,071
6,005
162
168
4,541
123
5,192
4,876
6,464
175
167
4,917
124
6,315
113
5,263
6,703
116
6, 684
839
1,276
3,431
1,897
3,320
920
1,303
3 451
2,123
822
1,175
2 770
1,847
1,051
1,406
3 120
1,384
1,489
3 925
3 997
1,393
1,413
4, 133
4, 228
1,435
1,559
4 634
1,113
1,436
3 988
1,126
1,535
4 003
3 288
1, 063
1,632
3 786
2 630
1,013
1, 525
3 763
2 322
871
1,233
2,163
3,305
88
3,932
3,236
113
.32
.25
.23
.23
.23
.29
.34
.37
.40
.39
.35
.*
.32
.352
.235
.233
.236
.241
.281
.314
.330
.348
.349
.344
.337
.350
142, 476
53, 152
89 324
152 378
72, 106
80 272
166 375
83, 188
83 187
190 893
101 987
88 906
251 036
121 494
89 382
297 697
150 455
147 242
294, 481
142, 508
151 973
316 436
168 559
147 877
281 363
141* 776
139 587
282 949
127 317
154 932
228 486
100' 559
12?' 927
178 398
57 050
121 348
35
41
71
71
57
63
51
80
64
58
74
78
LEATHEB, MANUFACTURES
Gloves and mittens:
Production (cut), total
_ dozen pairs
Dress and street
.. __ -dozen pairs
Work
dozen pairs
Shoes:
Exports
thous. of pairs
Prices, wholesale:
Men's black calf blucher,
Boston
_ dol. per pair
Men's black calf oxford, lace,
St Louis
dol. per pair
Women's colored calf, Goodyear welt, oxford, average
dol. per pair .
Production, total
thous. of pairs
Men's
thous. of pairs
Boys' and youths'
..thous. of pairs..
Women's
thous. of pairs
Misses' and children's
_thous. of pairs
Slippers, all types
thous. of pairs..
All other footwear
thous. of pairs
40
5 50
5 50
5 50
5 50
5 50
5 50
5 50
5 15
5 35
5 40
5 40
5 *0
5 ^0
4 15
3 85
3 85
3 85
3 85
3 85
3 85
4 08
4 23
4 35
4 35
4 35
4 20
4 00
3.25
22, 717
« 5, 764
1,442
3.25
26 384
3 25
28 576
1,448
11, 360
1,532
11 608
3,081
3.25
27 630
6,217
1,607
10 726
3 27
32 965
8 362
1,683
11 950
3.45
3 35
34 861 a 33 749
9,040
8 328
1,932
1,993
12 061
12 587
3,052
3.77
37 019
9, 138
2,103
14 521
3,201
3 85
31 455
8 293
1,827
10 999
2 492
3 85
23 695
6 909
1 515
6 783
1 974
3 512
4 197
4,513
3 276
3 321
3 85
31 934
7 656
1,711
12 098
2 670
4, 138
2 962
2 858
2 258
3 93
20 095
6 186
1 150
6 765
1 889
1,951
2 151
9,283
2,482
1,368
2 378
6,092
2,879
1,852
2 752
6,837
2,399
3 119
2,985
2,583
3,248
3,525
3,226
4,340
4 262
4,735
4,986
4,256
LUMBER AND MANUFACTURES
LUMBER
Exports, all types*...M ft.b.m.. 96, 969 70, 582 49, 626 67, 719 75, 185 89, 304 94, 525 95, 235 78, 192
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
- M ft.b.m
3 147 « 1, 652
1 237
1 952
5 430
7 515
6 681
6 498
3 678
Stocks, end of month
M ft.b.m
58, 837 a 51, 153
57, 227
60, 199
62, 345
60, 344
56, 253
58, 122
54, 949
Retail yards, Tenth Fed. Res. Dist.:
Sales
M ft b m
2 268
1 615
2 506
1 530
1 662
2 124
2 026
2 534
2 326
27, 371
Stocks, end of month
M ft.b.m
27, 665
27, 214
28, 029
29, 034
27, 031
28, 365
29, 208
28, 059
Flooring
Maple, beech, and birch:
Orders:
New
M ft b m
1 155
1 501
3 942
5 195
2 643
3 6^9
1 083
2 452
3 485
Unfilled, end of month
_ M ft.b.m
3,432
3 899
4' 656
3 206
3 420
5, 535
4,994
5,141
5 388
Production..
.
M ft.b.m.
2,832
2,486
1,359
784
736
1, 078 •
1,650
3,761
4,252
Shipments
M ft.b.m..
1,496
1,246
4,384
3,386
3,665
1,318
2,715
2,097
4,326
Stocks, end of month
__M ft.b.m__ 19, 349 19, 261 18, 712 18, 483 17, 238 16, 129 14, 590 14, 228 17, 171
Oak:
Orders:
New
M ft.b.m..
4,164
7,616
9,654 22, 645 13, 499
9,369
5, 423
9,445 12, 858
Unfilled, end of month
M ft.b.rn.. 10, 655 11,556 14, 636 15, 095 15, 568 22, 418 17, 581 13, 924
14, 567
Production
M ft b.m
5,501
7, 553
4,959
6 900
5, 784
12,464
15, 888
17, 693
18 446
Shipments
.. _ _ _. _
M ft.b.m
9,479 14, 549 17, 723 13, 676 12, 793
4,433
6,074
7,573
5 137
Stocks, end of month
_M ft.b.m.. 65, 234 55,200 55, 171 52, 130 50, 190 48,073 37, 176 42,806 60, 946
Hardwoods
Hardwoods (Southern and Appalachian districts) :
Total:
Orders:
(i)
New
mill. ft. b.m.
79
90
233
184
98
146
128
98
Unfilled, end of month
mill. ft.b.m..
264
238
230
226
240
247
208
230
Production
_ _ mill. ft. b.m
60
60
64
71
135
124
169
165
(i)
Shipments... _ ..
., mill. ft. b.m
86
229
120
86
98
203
90
158
1,982
Stocks, total, end of month.-.mill.ft.b.m-2,166
2, 058
1,826
2,118
1,789
1,887
1,789
0)
1,562
Unsold stocks
mill. ft. b.m .. , 1, 657
1,832
1,928
1,888
1,735
1,548
1,581
0)
« Revised
* New series. For earlier data sea p. 19 of the June 1933 issue (leather), and p. 20 of the November 1932 issue (lumber exports)
§ Data revised for 1932. For revisions see p. 43 of the June 1933 issue.
1
Data not computed for Mav 1933.
# See footnote on p. 34 of this issue.
ft
75,96
72, 741
59,03
6 86
7,555
56, 902
3,879
55, 606
2 17
29,15
2,430
28, 428
2,168
28,190
2 24
4,62
2, 78'
2,62
17, 72:
3,759
5,755
3,161
3,236
18,610
2,419
5,889
2,342
2,300
18, 546
6,34
11,37
9 37
9,56
62,41
8,130
11, 456
6,953
8,624
65, 029
12,263
12, 066
6,989
10, 017
63,795
12
20
15
13
1,72
1,52
128
211
143
124
1,740
1,530
143
234
131
124
1,784
1, 550
2. 266
» 56, 764
2,219
4,789
2, 353
3,234
18, 210
3,365
10, 655
6,854
6,417
65,234
71
218
135
116
1,870
1,652
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
45
1933
February
March
April
June
May
July
August
S
Ter" October i No b ™ m -
December
LUMBER AND MANUFACTURES—Continued
LUMBER— Continued
Hardwoods— Continued
Hardwoods (Southern and Appalachian districts)— Continued
Gum:
Orders, unfilled, end of month
raill.ft.b.m__
Stocks, total, end of month. __mill.ft.b.m__
Unsold stocks
mill.ft.b.m..
Oak:
Orders, unfilled, end of month
mill.ft.b.m._
Stocks, total, end of month.. .mill.ft.b.m..
Unsold stocks
mill.ft.b.m__
Northern hardwoods:
Production
M ft.b m
Shipments
M ft.b.m
8
0)
68
356
288
77
427
350
80
453
373
65
350
285
76
364
288
48
382
334
44
395
352
85
538
453
83
545
462
71
554
482
78
549
471
76
557
481
92
570
477
85
582
496
3,523
5,553
21, 814
14, 290
10, 285
13, 039
10,677
26, 690
7,382
26,280
9,574
16, 353
10, 686
13 298
9,811
35, 795
24, 478
39, 447
15, 681
32, 968
23 308
24, 933
16, 408
27, 515
16, 043
25, 361
14, 854
20, 373
11 602
30, 871
18 975
134 294
120, 417
229, 196
195, 175
247, 549
203, 680
154, 439
218, 900
122, 656
105, 645
131, 161
112, 807
118, 179
116, 388
164 287
120, 865
11.02
11.34
13.36
16.20
16.99
16.91
18.39
18. 27
18.50
33.79
33. 71
1 28, 027
118 179
37. 00
2,350
2 991
14 856
4 053
6, 987
7 095
1,377
8 196
6 997
1, 029
6 456
46
411
365
52
440
388
51
425
374
52
411
358
59
392
332
85
584
499
71
614
543
73
594
521
67
584
517
69
563
494
15, 178
11, 162
4 519
9,351
6 647
8,892
7,432
8,941
4 914
14, 372
25, 720
17 720
15, 379
17 865
24, 878
34 425
31, 771
28 132
105 645
120 865
97 140
109, 674
141 457
107 883
8.58
9.50
10.67
Softwoods
Fir, Douglas:
Exports §
Lumber
M ft.b.m
27 599
Timber
M ft.b m
10 094
Orders
New ^
M ft.b m
Unfilled, end of month
M ft.b.m
Price, wholesale:
No. 1 common
dol. per M ft.b.m_.
18.56
Flooring, 1x4, "B" and better
dol. per M ft.b.m..
37.00
Production ^
M ft.b m
Shipments t
M ft b m
Hemlock, northern:
Production
M ft b m
3 631
Shipments
M ft.b m
6 464
Pine, northern:
Orders, new
M ft.b.m
5 224
Production
M ft.b.m
1,578
Shipments
M ft b m
6 192
Pine, southern:
Exports:
Lumber §
M ft.b.m
20 415
Timber §
M ft.b.m
4,516
Orders:
New
M ft b m
102 720
Unfilled, end of month
M ft.b.m
76 074
Price,
flooring
dol. per M ft.b.m__
38.11
Production
M ft b m
106 019
Shipments
M ft.b.m.. 88, 198
Redwood, California:
Orders:
New
M ft.b.m
Unfilled .
._ _M ft.b.m..
Production
M ft.b.m
Shipments.
..M ft.b.m .
11,376
175, 030
197, 860
30.81
196, 070
184 879
188, 460
184 431
136, 980
141, 904
33. 85
132, 056
119, 522
2 354
11, 440
4 161
14, 447
2 770
14, 646
2 731
13 526
2,355
9,690
17, 775
13,011
7,035
14, 548
14, 942
15, 069
13, 599
15 335
14 733
9 323
16, 270
12 829
11,842
10, 253
11 984
16, 139
12, 925
12, 770
21 427
4,831
24, 979
21, 188
29 532
9,015
23 843
24, 686
5,915
21, 677
4,560
19 038
5 229
21 156
7 431
113 044
63 838
17.44
87 401
100, 714
112 854
67 414
17. 55
88 752
110, 019
179 843
92, 049
18.56
115 783
154, 498
158 833
88, 255
120 352
81 031
98 426
59, 976
91, 298
55, 073
120 613
159, 210
125 935
131, 646
117 535
70 745
31. 85
132 539
128, 700
113 504
107, 226
103, 751
90, 329
90 617
54' 637
38.14
103 108
95, 057
73 167
53 068
38. 41
95 983
81, 272
11,973
18, 302
14, 603
12, 269
13, 744
17, 493
12, 147
14, 207
17, 965
19, 113
9 804
15, 731
29, 834
30, 117
30, 646
37, 706
9 497
31, 843
30,511
18, 249
37, 572
39, 309
7,013
27, 838
15, 390
30, 818
22, 340
27, 711
17, 963
24, 758
23, 306
26, 325
22, 154
24, 481
33.0
27.0
18.0
27.0
37.0
42.0
52.0
46.0
55.0
4 0
10
7.0
9
7.0
6
13.0
6
70
7
8.0
3.5
3.0
30
13
12
10
7
5
5
5
7
11
17
18
29.0
6
24
"23.0
6
20
19.0
7
19
«11.0
5
19
14.0
6
18
24.0
6
18
25.0
6
20, 448
25, 975
15, 286
33, 660
14, 298
30, 388
17, 259
35, 962
38, 608
42, 895
62. 1
89.5
87 5
73.6
62.1
89.5
87 5
73.6
62 1
89.5
74 1
73.6
62 1
89.5
74 1
73.6
62.1
89.5
74 1
73.6
20.61
93, 558
96 244
21.58
97, 587
104 302
21.30
105, 645
119 970
21.34
115, 046
140 114
22.42
137,428
149 962
2 088
2 868
2 305
3 109
2 443
5 176
1 747
7 555
4 218
0
4 126
4 954
0
4 379
5,050
0
4 966
9 352
1,246
8 317
20 876
5,254
18 232
5,024
17 300
7,684
95 685
57 377
17.80
85 494
84, 271
75 575
55 419
17.06
77 798
81, 071
12, 151
18, 824
14, 319
13, 581
31.0
7,582
7,490
24.59
22.70
28.57
32.62
8,353
24, 017
35.30
8,664
5,632
37.93
39
39
16
25
15 228
33 872
16 733
581
810
475
733
21,674
59.0
42.0
34.0
5.0
14.0
16 0
12 0
18
18
12
9
6
21
34.0
10
25
30.0
13
26
42.0
13
25
42.0
13
23
36.0
9
20
33.0
7
51, 109
44, 313
96 953
58, 191
79, 831
95, 772
93 899
82, 284
36, 943
76, 705
14 147
41, 650
11 894
19, 698
63 6
89.5
74 1
76! 7
66.1
89.5
74 1
76.7
73.2
91.0
85 6
76.7
76.1
91.0
87 5
76.7
76 1
91.0
87 5
81.7
76 1
91.0
87 5
79.4
76 1
91.0
87 5
79.4
157, 600
28', 979
184, 585
3l' 310
31. 59
32. 42
93
91
FURNITURE
Household:
All districts:
Plant operations *
percent of normal..
Grand Rapids district:
Orders:
Canceled
.percent of new orders
New
no. of days' production
Unfilled, end of month
no. of days' production-Outstanding accounts, end of month
no. of days' sales. .
Plant operations f
percent of normal-Shipments
no. of days' production .
Southeastern district:
Orders, unfilled, end of month
dol., average per firm
Shipments
dol., average per firm-Prices, wholesale:
Beds
1926=100
Dining-room chairs, set of 6
1926=100.Kitchen cabinets
1926—100
Living-room davenports
... 1926 = 100- _
Steel furniture. (See Iron and Steel Section.)
76. 1
90.1
87 5
79.4
8
11
15
8
5
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports §
long tons 178, 023 56, 720 63,936 80, 567 100, 395 123, 169 102, 581 88,311 119,374 108, 823 164, 755
Imports *#_ _
__ long tons
22, 653
21, 892
52^ 805 46, 839
19, 748 22, 114
28, 061 26, 295 34,368
55, 706
46^ 673
Price, iron and steel composite
dol per long ton_. 32.42
28.69
28.35
28.31
28.45
28.16
28.73
30.04
29.81
31. 30
31.59
Sales, iron, steel, and heavy hardware
January 1921=100..
88
57
55
54
59
80
95
100
96
105
107
H Data for March. June. August, and November 1933 are for 5 weeks; other months, 4 weeks.
* New series. Earlier data on furniture activity, aL districts, not published. For imports of iron and steel see p. 20 of the November 1932 issue.
§ Data revised for 1932. For revisions see pp. 44 and 45 (lumber) and p. 45 (iron and steel) of the June 1933 issue.
t Revised. Earlier data not published.
1
Data not computed for May 1933.
« Revised.
# See footnote on p. 34 of this issue.
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
March 1934
1933
March
April
May
June
July
August Septem- October Novem- December
ber
ber
METALS AND MANUFACTURES—Continued
1
IRON AND STEEL— Continued
i
Ore
Iron ore:
Consumption by furnaces
1,460
1, 598
634
thous. of long tons.. 1, 656
661
2,102
772
593
1,266
2,626
2,612
1,894
1,898
89
7
107
86
14
Imports^
thous. of long tons_45
136
21
81
159
15
151
39
Receipts:
Lake Erie ports and furnaces
0
918
20
4,205
thous. of long tons_0
3,421
0
0
' 448
2,483
3,930
9
887
0
359
1,200
0
0
Other ports
thous. of long tons..
0
0
1,132
28
353
515
1,120
343
0
5,504
785
6
Shipments from mines. . thous. of long tons..
0
0
0
83
901
3,431
4,543
1,281
5,101
Stocks, total, end of month
34, 673
thous. of long tons_- 32, 973 30, 812 30, 1 52 29, 557 28, 848 28,314 27, 479 27, 772 30, 156 33, 449 36, 345 36, 200
29, 346
At furnaces
thous. of long tons . 27, 727 25, 680 25, 047 24, 486 23, 879 23 407 22 690 22, 980 25 260 28, 415 31, 044 30, 794
5,034
5, 406
5,327
5,132
Lake Erie docks .._ _ -thous. of long tons.. 5, 246
5,301
4,792
5, 105
5,071
4,969
4,907
4 789
4,896
Manganese ore, imports (manganese content) 1
7
23
5
3
thous. of long tons_.
0
2
4
19
0
2
3
4
6
Iron, Crude, and Semimanufactured
Castings, malleable:*
Orders, new
.short tons - 32, 348 12, 645 11,273 12, 508 18 449 24 671 31 997 28 458 28 323 22, 744 19, 933 20, 830 0 26, 305
27, 078
21, 944
21,870
24, 381
Production
short tons__ 30,417 12,638 13, 780
9,959
18, 566
24 628
30, 865
31 811
31 118
35.8
31.6
25.0
25.6
28.4
14 9
11 4
Percent of capacity
21 8
16 2
29 0
36 3
35 8
36 6
22,310
Shipments
short tons . 26, 642 14,315 14, 215 11 077 17 261 23 077 29 268 29 155 30 195 25, 402 20, 422 19,676
Pig iron:
Furnaces in blast, end of month:
41,085
48,215
34,410
35, 505
39, 755
Capacity
long tons per day
18 820
15 580
22 805
18 910
61 435
33 160
51 675
56 070
87
89
76
75
79
Number
45
38
106
45
48
63
98
90
Prices, wholesale:
17.00
17.00
17.00
17.00
17.00
Basic (valley furnace) ...dol. per long ton-13. 50
13.50
15. 50
13. 50
13.50
14.20
16.20
15. 00
17.94
17.87
17. 84
17.94
17.84
Composite pig iron.__ .dol. per long ton14.68
14. 68
14.68
16.70
14.75
15 47
16 02
17. 16
Foundry, no. 2, northern (Pitts.)
19. 39
19.39
19.39
19. 39
19.39
dol. per long ton__
16.39
16.39
16.39
17.89
16.39
16. 59
17.39
18.59
1,215
1,522
1,085
1, 182
1,356
Production
thous. of long tons
569
542
624
1 792
554
887
1 833
1 265
Iron, Manufactured Products
Cast iron boilers and radiators:
Boilers, gas-fired:
84, 667
24, 813
69, 680
18, 268
Production
thous. of B.t.u
64 989
48 454
20 837
44 681
43 857
52 737
70 265
44 308
95, 765
47, 843
93, 860
37, 609
Shipments, quantity
thous. of B.t.u._
42, 662
29, 004
22,918
70, 787
42,169
88, 444
66, 757
61, 446
90, 566
25 979
90, 742
46, 783
34, 155
Shipments value
dollars
38 243
20 025
58 252
26 543
53 934
56 558
49 170
406 956
Stocks end of month
thous of B t u
528 ^38 559 851 554 391 583 037 549 059 C I O OQX 495 150 486 438 473, 506 449 326 426, 297
Boilers, range:
Orders:
33, 443
40, 619
44 ggi
25, 669
29, 221
27, 066
New
number of boilers
35 774
36 586
39 436
92 998
29 801
57 549
66 977
Unfilled, end of month, total
17, 158
6,264
6,947
13, 083
number of boilers.. 19, 593
8,872
24, 734
35, 974
6,016
4,967
34, 337
6,247
24, 948
Delivery, 30 days or less
15, 468
4,766
5,061
6,051
number of boilers. . 15, 492
3,289
7,397
34, 335
21, 280
3,586
4,146
31, 206
21, 863
Delivery, more than 30 days
1,690
1, 498
7,032
1,886
number of boilers. _ 4,101
3, 454
1,678
1, 475
1,639
3,131
2,430
2,101
3, 085
20, 103
Production
number of boilers.. 36, 228 39, 991 27, 042 38, 499 35, 278 64, 457 68, 284 48, 762 60, 398 51, 463 41, 786 25, 711
24, 115
Shipments
number of boilers. _ 34, 109 37 831 29 570 37 866 35 531 65 896 68 575 45 175 57 374 50, 622 39, 432 26, 352
28, 561
Stocks, end of month.. .number of boilers.. 30, 680 28, 355 25, 827 25, 843 25, 590 24, 151 23, 860 27, 447 30, 471 31,312 33, 666 33, 025
Boilers, round:
5,076
5,820
4,531
3,414
Production
thous. of lb_. 4,880
3,242
4,168
1,811
2,393
5,408
2,035
2,279
3,870
6,137
2, 823
9,374
5,500
3, 156
2 403
Shipments
-thous o f l b
2 102
3 954
1 792
2 133
1 772
4 357
4 159
35, 005
Stocks, end of month
thous. of lb._ 35,685 24, 517 24, 736 24, 235 24, 927 26, 063 26, 124 28, 335 29, 394 28, 548 25, 329 24, 636
Boilers, square:
15, 248
10, 622
11,336
9,048
Production
thous. of lb_. 9,980
6,211
6,144
12, 140
14, 848
7,602
9,613
13,539
15, 240
20, 509
24, 841
14, 622
9, 064
Shipments
thous. of lb_. 8,300
4, 860
4, 465
6,412
12, 124
14, 685
5, 567
6,410
10, 828
89, 667
Stocks, end of month
thous. of lb_. 96, 896 99, 032 100, 585 100, 409 105, 457 111,099 116,938 122, 118 121,451 117,419 104, 835 100, 784
Boiler fittings, cast iron:
4,430
4,991
4,698
3,344
Production
_.
short tons_. 4, 908
1 577
4,417
1 401
1 592
2 919
6 025
1 514
4 706
4,575
6, 362
2 319
4, 467
4,965
3, 592
Shipments
.short tons
6 072
2 322
4 191
2 161
2 228
5 640
5 464
Boiler fittings, malleable:
3,147
2,184
2,839
1,581
1 284
Production
.short tons.. 2, 570
1 100
4,107
995
1 088
2 140
4 436
3 607
2,667
3,414
2,206
1,680
1,627
4 499
Shipments
short tons
1 302
2 827
1 586
1 433
3 876
1 375
3* 765
Radiators:
4,326
3,273
2,989
1,655
Production -thous. of sq. ft. heating surface-- 2,266
3,002
3,754
2,992
3,368
2,547
2,231
5,355
4,138
5,173
4,794
6,076
2,870
Shipments., thous. of sq. ft. heating surface-- 2,484
1,542
2,133
3,727
4,354
1,634
1,605
2,001
3,346
Stocks, end of month
30, 029
thous. of sq. ft. heating surface. - 30,295 28, 250 29, 646 30, 417 31, 992 33,512 35, 626 35, 346 36, 317 35, 614 32, 926 31, 249
Radiators, convection type: *
New orders:
Heating elements only, without cabinets or
68
126
grilles .thous. of sq. ft. heating surface J._
137
123
95
35
35
55
70
33
68
64
95
Heating elements, including cabinets and
60
163
grilles, .thous. of sq.ft. heating surface }-.
172
160
60
128
241
173
96
98
86
160
173
Sanitary Ware
Bathroom accessories: t
Production
number of pieces 169, 894 142 935 121 070 149 477 142 164 186 896 176 775 235 443 263 940 227, 363 348, 414 191,441
94 141
Shipments
number of pieces 1 74, 069 143 991 129 670 163 220 144 612 191 857 183 550 229 858 276 601 231, 814 357 964 182 852
88 297
Stocks, end of month
number of pieces.- 357, 249 531,916 521,628 389, 392 391,819 382, 858 379, 683 384, 068 37li 407 366, 956 357, 406 365, 995 361, 424
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
. . dollars 204. 17 186 40 182 80 182 00 182 03 183 93 197 50 203 56 205 78 215. 02 214 96 209 82
204 10
Porcelain enameled flatware:
Orders, new total
dollars
236 234 278 361 344 763 475 156 493 892 653 402 692 240 672 671 638, 236 609 456 668 426
346 459
Signs
. __ _ dollars
87 158 102 219 144, 615 195 358 217,813 210 228 236 173 236 017 233, 255 264 384 446 101
173 676
Table tops
dollars.48, 685
75, 177 121, 182
59, 574
91,861 191,979 176,416 218, 010 166, 039
82, 274
44, 194
42, 609
Shipments, total
.
-dollars
249 817 271 694 324 114 388 115 504 576 556 300 643 164 698 452 620, 876 618 572 536 450
439 693
Signs
dollars-101, 148 113, 582 126, 671 148, 793 216,901 209, 375 194, 766 239, 526 203, 417 251, 120 219', 762
257, 021
50, 424
48, 202
72, 983 104, 820 106, 946 116,676 183, 603 244, 588 182, 013
Table tops...
dollars—
97, 210
50, 208
48, 538
11mports from Cuba not included.
* New series. For earlier data, see p. 20 of the April 1933 issue (castings) and p. 20 of the January 1933 issue (price series). Earlier figures on convection type radiators
not published.
t In equivalent direct radiation.
f Revised series. For earlier data, see p. 20 of the October, 1933 issue.
0
Revised.
# See footnote on p. 34 of this issue.
March 1934
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
1933
March
April
May
June
July
DecemAugust Septem- October November
ber
ber
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Sanitary Ware— Continued
Porcelain plumbing fixtures:
Orders:
1,818
New, net
number of pieces
1 643
1 404
2 104
1 698
Unfilled, end of month. number of pieces.. 8,722
2,884
2,888
2,991
2,776
Shipments.- .number of pieces.. 1,909
1,442
1,399
1,936
1,885
Stocks, end of month _ _ ..number of pieces.. 9,162 « 12, 016 11,811 11, 490 11,339
Vitreous-china plumbing fixtures:
Orders:
56, 577 a 78, 416
New, net
number of pieces
77, 531 118, 697 245 024
Unfilled, end of month. number of pieces.. 81,334 79, 903 76, 802 99, 332 198, 787
55, 416 <* 87 528
Shipments
number of pieces
80 632
96, 167 145 569
Stocks, end of month. ....number of pieces.. 643, 054 "487, 153 472, 472 443, 858 391, 369
Steel: Crude and Semimanufactured
Bars, steel, cold finished, shipments-short tons.. 19, 409 13, 253 14, 196
8,726
16, 624
Castings, steel:
Orders new total
short tons
12 942 a 11 660 a 11 512 0 14 526
Railroad specialties
short tons..
2,784
3,088 - 2, 307
4,692
9
8
8
Percent of capacity
10
Production, total
short tons
» 13 977 a a12 391 a 13 283 a 12 093
Railroad specialties
short tons..
2,753
3,285
2, 181
2,806
ag
9
g
Percent of capacity
10
Ingots, steel: §
1,997
Production
thous. of long tons
910
1 030
1,087
1 363
34
Percent of capacity
16
18
21
25
Prices, wholesale:
.0231
Composite, finished steel
dol. per lb._
.0212
.0210
.0210
.0206
Steel billets, bessemer (Pittsburgh)
dol. per long ton.. 26. 00
26.00
26.00
26.00
26.00
Structural-steel beams (Pittsburgh)
.0170
dol. per lb_.
.0160
.0160
.0160
.0160
Steel scrap (Chicago)
dol. per gross ton.. 10. 50
5.25
5.25
5.25
6.00
U.S. Steel Corporation:
d
Earnings, net
.. thous. of dol
3, 795
Shipments, finished products*
long tons.. 331,777 285, 138 275, 929 256, 793 335, 321
Steel: Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
number.. 527, 377 275, 354 453, 083 510, 737 526, 491
Production
number 662, 293 292 201 269 755 373 340 401 086
48.8
Percent of capacity
21.0
27.2
29.2
19 7
Shipments
number. _ 660, 688 292, 609 272, 432 371, 945 402, 506
Stocks, end of month
__ number
38, 479
26, 752
25, 470
24 050
24 075
Boilers, steel, new orders:
234
225
Area
thous of sq ft
218
245
128
247
Quantity
number of boilers
197
236
176
195
Furniture, steel:
Business group:
Orders:
New...
thous. of doL. 1,055
552
447
449
419
780
Unfilled, end of month.. ..thous. of doL.
521
442
374
505
993
Shipments
..
thous. of dol _
583
482
464
405
Shelving:
Orders:
New
thous. of dol._
106
159
117
142
Unfilled, end of month
thous. of dol._
127
139
168
143
Shipments
_
_ thous. of dol
121
104
138
134
Safes:
Orders:
131
New
thous of dol
84
112
84
117
156
Unfilled, end of month
thous. of dol..
171
198
180
209
126
Shipments
thous. of doL.
82
86
106
117
72
190
Lock washers, shipments
thous of dol
82
59
90
Plate, fabricated steel, new orders, total
short tons.. 15, 308 11,448 16, 706
9,719
8,896
Oil storage tanks
.
short tons.. 3,754
1,718
8,347
1,270
2,983
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short tons 209, 463 75 615 80 550 83 295 118 594
Unfilled, end of month
short tons__ 166, 182 77, 509 83, 760 91,993 111,311
Production, total
short tons 163 622 85 337 91 723 64 724 111 942
Percent of capacity. _
50.4
25 9
27 8
34 5
19 6
Shipments
short tons 130 878 79 234 72 772 74 ggQ 100 353
Stocks, end of month, total
short tons _ 106, 310 94, 783 100, 688 95,606 91, 859
Unsold stocks
short tons
54, 922
54 831
52 199
47 815
57 296
Tin and terne plate: *
Production
thous of long tons
85
85
88
94
82
Track work, production
_ .short tons.. 2,811
1,984
1,822
1,662
2,013
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new, total
thous. of dol._
629
412
412
345
350
Air-washer group
-.thous. of doL.
57
62
41
80
60
Fan group
thous. of dol__
307
209
186
187
235
Unit-heater group
thous. of doL.
265
141
118
97
103
Electric overhead cranes:
Orders:
New
thous. of dol..
38
13
21
39
39
Unfilled, end of month
thous. of dol..
260
189
177
196
228
Shipments..
_.thous. of dol._
54
44
9
32
7
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
New
1922-24=100
68.4
37 2
16 1
9 8
19 4
Unfilled, end of month
1922-24=100
58 5
60 0
50 4
33 8
14 7
Shipments
1922-24=100..
23.2
33.4
14.6
19.7
55.1
§ Series revised for 1932. For revisions, see p. 46 of the July 1933 issue.
i
Deficit for quarter.
New series.
Digitized for* FRASER For earlier data on tin and terneplate, see p. 20 of the December 1932 issue,
"Revised.
47
3 041
3,430
2 381
11, 345
3 246
4,362
2,197
11, 184
3 245
4,537
2 933
10, 635
4 240
5,481
3 211
9,716
296 264
307, 118
187 933
340, 218
207 230
319, 503
194 845
315, 371
133 608
241, 362
211 749
311, 183
180 379
231,818
189 923
325, 530
2,242
6,201
3,135
9,402
5, 831
9,264
2,548
10, 076
1, 598
8,947
1, 562
10, 071
46, 981
103, 475
173, 019 120, 597
162, 274
99, 403
348, 233 •414, 906
31,370
87, 768
64, 199
477, 474
35, 067
80, 173
42, 662
579, 227
5 452
7,214
3,552
9,509
23, 132
32, 774
36, 538
46, 312
35, 468
27, 877
21, 792
42, 036
20 782
3,642
14
19 072
3,470
13
32 026
6,828
22
27 300
4,167
19
29 505
7,562
20
29 240
6,304
20
28 962 a 22 740
6,240
7,976
16
20
31 157 « 25 558
5,025
6,767
17
21
23 608
6,518
16
25, 459
5,978
17
23 444
3,974
16
22 615
4, 433
15
23 378
4, 775
16
21 609
4,912
15
2 002
34
2 598
46
3 204
59
2 901
49
2,313
41
2,112
37
1,541
27
1,820
33
.0208
.0209
.0217
.0217
.0220
.0226
.0226
.0231
26.00
26.00
26.00
26.00
26.00
26.00
26. 00
26. 00
.0160
8.45
.0160
8.91
.0160
10.41
.0160
10.45
.0161
9.84
.0170
9.33
.0170
8.56
.0170
8.94
455, 302
4,882
603, 937
701, 322
668, 155
11,817
575, 161
572, 897
430, 358
5 537
600, 639
614, 214
465 418
33 9
467, 695
21, 773
641,441
572 851
42 0
568, 437
26 187
647,924
555 404
41 0
552, 923
28 668
534, 549
480 670
35 5
470, 632
38 706
539, 846
519, 191
38.3
524, 719
33, 178
492, 072
798, 981
58.9
789, 474
42, 685
333, 443
577 017
42 6
582, 299
37 403
597, 453
556 586
41 9
556, 627
37 151
396
328
550
511
611
498
994
511
428
447
427
395
287
296
309
328
544
406
512
686
456
636
607
541
523
837
684
693
869
819
734
800
794
825
865
764
800
964
719
1 040
172
173
167
178
182
166
180
206
156
194
222
179
142
200
164
185
239
146
191
234
196
288
231
200
100
190
89
114
118
203
105
168
129
213
119
156
120
225
107
152
93
192
126
122
98
158
132
118
136
147
147
118
1 os;
151
113
16, 243
2,858
37, 020
20, 894
20,391
6,013
16, 320
2,581
16, 166
1,033
17,964
1,434
14, 466
3,734
13, 692
2,160
144 192
136, 592
139 696
43 1
119 159
98 991
51 295
246 737
229,436
166 272
51 2
152 953
104* 355
50 067
174 191
228, 696
188 143
58 0
174 145
104*815
42 095
158 830
212, 879
203 893
62 8
174 480
115 876
51 293
145 320
194, 223
180 304
55 5
163 634
115 183
53 617
79 141
102, 262
146 106
45 0
174 829
105 331
52 353
88 354
94, 270
110 263
92, 831
145
1,768
194
2,471
188
2,982
200
3,425
195
3,845
580
106
308
167
802
Mil
"491
"200
794
144
437
213
913
82
431
399
33
228
33
81
265
44
159
349
75
25 6
16 8
24.5
45 5
24 8
37.4
48 8
35" 8
38.3
109 ^R^
1 7O
31 6
04
Q
on 4qn
?
105 950
101 220
188
3,006
3,087
2,759
873
94
491
287
830
64
373
393
747
66
340
341
760
50
363
346
43
319
66
77
303
93
43
195
151
94
234
54
120
279
75
56 3
35 3
49^7
34 9
32 0
42 6
31 7
QS Q
<>o o
41.5
49. 1
cr 4.QK
c-i ' anf)
and for U.S. Steel Corp. shipments, see p. 18 of the January 1934 issue
35. 2
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
March 1934
1933
February
March
April
June
May
August Septem- October Novem- December
ber
ber
July
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS— Con.
Fuel equipment:
Oil burners:
Orders:
New _ _
no. of burners..
Unfilled, end of month no. of burners
Shipments
. _
no. of burners
Stocks, end of month
no. of burners.Pulverized fuel equipment:
Orders, new, central system:
Furnaces and kilns no. of pulverizers _.
0
Water-tube boilers _ _ . no. of pulverizers _ _
0
Orders, new, unit system:
Fire-tube boilers
no. of pulverizers.0
Furnaces and kilns. ..no. of pulverizers..
0
4
Water-tube boilers no. of pulverizers..
Stokers, mechanical, new orders:
Class 1, residential *
number
Class 2, apartment and small commercial *
number
Class 3, general commercial and small
commercial heaters *__ _.
number..
Class 4, large commercial: *
Number
Horsepower
Machine tools:
Orders:
New
1922-24—100
102
207
Unfilled, end of month
1922-24= 100__
Shipments
__ 1922-24= 100
63
Pumps:
Domestic, water, shipments:
Pitcher, hand, and windmill
units.. 21, 242
294
Power, horizontal type
units
Measuring and dispensing, shipments:
Gasoline:
488
Hand operated
units
Power .
units. . 1, 262
Oil, grease, and other:
4, 468
Hand operated
units..
411
Power
units
Steam, power, and centrifugal:
Orders:
New
thous. of doL.
Unfilled end of month
thous. of dol
Shipments
thous. of dol
248
Water-softening apparatus, shipments.. unitsWater systems shipments
units
Woodworking machinery:
Orders:
9
Canceled
thous. of dol .
279
New
_
thous. of doL.
Unfilled, end of month
thous. of dol..
277
Shipments:
136
Quantity
machines
Value
thous. of dol _
213
1,694
646
1,827
7,813
1,956
311
2,019
7,534
2,878
615
2, 574
7, 162
2,755
526
2,844
7,526
3,562
675
3,413
7,815
4,694
1 480
3,889
7,632
6,212
1 487
6,205
7,487
10, 314
3, 100
8,701
7,486
11,359
3,066
11, 393
8,235
9,156
2,119
10, 103
8,408
4,169
1,710
4,578
9,030
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
4
0
0
0
0
0
0
1
0
1
0
10
2
1
2
1
3
5
0
1
3
1
1
3
4
5
11
0
2
9
3
3
11
2
2
23
3
1
7
0
0
15
0
1
8
251
309
252
220
357
490
668
1,199
2,102
1,896
1,048
715
24
28
18
9
19
18
83
98
188
208
150
115
33
31
22
15
42
49
81
136
142
209
101
90
63
12, 248
59
11, 438
84
16, 550
57
13, 599
93
23, 212
187
32, 723
170
41, 249
213
40, 644
176
29, 042
162
25, 464
168
29, 891
113
17,907
32
49
26
15
35
27
13
28
22
16
27
20
28
33
23
40
40
31
54
59
36
57
74
39
56
86
43
67
105
52
83
116
63
126
178
69
17, 819
"259
18, 303
269
19, 073
303
22, 778
350
30, 755
496
39, 291
578
44, 036
524
42, 713
509
34, 051
396
24, 468
504
20, 178
427
17, 539
395
1,144
3, 064
965
3,222
1,418
4,048
1,964
4,925
2,450
6,089
2,038
6,940
1,464
6,733
1,190
5,197
851
3,683
379
1,751
274
1,103
262
1,356
14, 752
403
14, 918
290
15,651
367
20, 958
576
32, 849
497
25, 024
501
20, 702
646
15,621
774
10, 588
1,005
7,889
916
6,517
683
3,003
277
1,012
310
208
3, 533
424
1 103
318
190
2,908
404
1 066
434
171
2,778
466
1,093
435
167
3,706
511
1,126
474
215
5,605
736
1,261
597
232
6,358
732
1,475
517
197
7,560
786
1,616
642
232
7,563
771
1,775
609
329
6,084
638
1,798
608
227
4,378
607
1,714
687
200
3,045
545
1,526
704
196
2,631
2
124
179
5
113
187
97
201
2
138
205
3
272
290
8
389
341
5
370
369
1
333
346
6
309
306
8
240
262
26
214
256
8
209
215
100
111
104
98
63
81
82
132
149
191
275
316
228
322
219
337
238
337
202
273
131
192
143
243
16, 262
21, 636
13, 633
7,958
.2290
.0738
.2290
.0738
.2290
.0738
.2290
.0788
2,419
615
1,804
2,091
536
1,555
1,964
357
1,606
1,459
416
1,043
12, 127
17, 403
17, 343
.0875
10, 733
8,164
8,164
.0795
13, 108
15, 338
15, 334
16, 187
18, 290
18, 287
26, 369
5,333
29, 847
3,495
28, 941
27, 471
1,590
65
.0450
28, 021
29, 129
166, 201
645
.0431
35, 399
33, 314
174, 721
933
38, 459
30, 719
187, 814
1,732
.0414
36, 649
26, 034
203, 061
3,030
5,105
5,885
.4665
2,920
6,035
6,895
.4792
2,880
3,350
3,335
.5307
4,425
.5287
30,162
6,003
27, 940
6,664
26, 075
23,812
342
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
8,304
4,807 18, 345 12, 944 12, 732
Imports, bauxite # „._ .
long tons. _ 14, 365 10, 777 11, 176 10, 974
Wholesale prices:
.2290
.2290
.2290
.2290
.2290
.2290
.2290
.2290
.2290
No. 1, virgin, 98-99, N.Y
dol. per lb._
.0738
,0675
.0663
.0836
.0400
.0548
.0416
Scrap, cast, N.Y
dol. per lb._
.0400
.0400
Babbitt metal:
2,754
1,544
2,111
2,485
2,328
2,256
1,346
1,178
1,135
Production, total
thous. of lb__
694
544
272
274
325
450
417
193
For own use
thous. of lb_.
260
1,941
2,060
1,074
1,786
1,839
1,878
942
1,270
918
Sales
thous. of Ib
Copper:
12, 955
12, 592
10, 976
12, 575
Exports, refined §
short tons.. 14,459 12, 567 12, 515 12, 139 10, 644
14, 644
14, 335
7,214
11, 120
12, 305
8,768
8,004
8,563
Imports, total § #
short tons._ 16, 092
14, 642
14, 319
5,423
15 700
9 889 10, 445
8 187
8 004
8 548
Ore and blister
short tons
.0864
.0877
.0540
.0670
.0789
.0777
.0478
.0478
.0501
Price electrolytic, N Y
dol. per Ib
Gold. (See Finance.)
Lead:
Ore:
Receipts in U.S. ore
short tons.. 25, 592 22, 580 22, 299 24,037 17, 835 17, 673 17, 502 17, 877 21, 958
4,093
2,552
2,772
2,908
3,807
1,524
1,887
1,915
2,298
Shipments, Joplin district
short tons..
Refined:
674
20
58
518
183
826
200
2,531
66
Imports #
short tons..
.0417
.0445
.0300
.0365
.0450
.0300
.0315
.0326
Price, pis;, desilverized, N.Y... dol. per lb._
. 0400
Production.
short tons.. 34, 818 24,615 20, 033 24, 684 23, 385 19, 405 21, 783 18, 526 18,611
Shipments, reported
short tons.. 33,911 19, 030 17, 349 21, 950 25, 378 28, 197 34, 825 45, 177 36, 054
Stocks, end of month
_ . short tons . 207, 674 184, 693 189, 751 194, 251 196, 827 197, 109 193, 005 171, 275 160, 211
Silver. (See Finance.)
Tin:
Consumption in manufacture of tin and
2,920
3,110
3,020
1,460
2,260
1,360
1,400
1,310
terneplate *
long tons
1 320
6,540
8,020
6,145
4,555
4,835
3,725
3,045
3,330
Deliveries
. _ long tons . 3,310
8,449
9,177
2,802
4,274
6,839
2,262
5, 725
2,830
Imports, bars, blocks, etc #
long tons0
.4421
.4638
.4474
.2715
. 3591
.2434
.2270
Price, Straits, N.Y
dol. per Ib.. . 5188
.2350
Stocks, end of month:
World, visible supply
Jong tons
22 476 44, 223 43,160 43, 528 42 541 41,883 39, 964 38, 043 33, 534
3,474
4,549
5,788
3,461
2,741
3,036
8, 209
2,040
2,281
United States
long tons..
* New series. For earlier data see p. 19 of the January 1933 issue (stokers) and p. 20 of December 1932 issue (tin consumption).
§ Data for 1932 revised. For revisions see p. 48 of the June 1933 issue.
a
Revised.
# See footnote on p. 34 of this issue.
.0788
2,224
.0429
6,769
.0789
2,710
3,130
7, 504
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
49
1933
March
April
June
May
August Septem- October Novem- December
ber
ber
July
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
ZincMetals— Continued
Ore, Joplin district:
Shipments
short tons
Stocks, end of month
short tons
Price, slab, prime, western (St. Louis)
dol. per lb._
Production, total (primarv)
short tons. _
Retorts in operation, end of mo
number.
Shipments, total
short tons..
Domestic
short tons..
Stocks, refinery, end of month. . .short tons..
Electrical Equipment
Conduit, nonmetallic, shipments,. thous. of ft..
Delinquent accounts, electrical trade. (See
Domestic trade.)
Furnaces, electric, new orders
kilowatts. _
Electrical goods, new orders t (quarterly)
thous. of dol._
Laminated phenolic products, shipments
Mica, manufactured:
dollars..
Orders, unfilled, end of month
thous. of doL.
Shipments
thous. of doL.
Motors (direct current):
Billings (shipments)
dollars
Orders, new
.
dollars
Panelboards and cabinets, shipments
thous of dol
Porcelain, electrical, shipments:
Special
_..
dollars-Standard
dollars. .
Power cables, shipments
thous. of ft
Power switching equipment, new orders:
Indoor
dollars..
Outdoor
dollars
Radiators, convection type. (See Iron and
steel.)
Reflectors, industrial, sales
units..
Vacuum cleaners, shipments ._
number
Vulcanized fiber:
Consumption
thous. of lb._
Shipments
thous. of dol._
Welding sets, new orders:
Multiple operator
units
Single operator.
units
20 802
19, 428
30 875
24, 515
22 262
18, 343
10 976
19, 987
19 830
17, 167
13 869
18 108
20 456
15 232
22, 111
14, 621
26, 605
10, 496
28, 952
14, 064
24, 637
13, 787
19, 083
15, 514
28 255
12, 000
.0427
32, 954
28, 744
26, 532
26, 488
111,982
.0302
18, 867
22, 660
15, 162
15, 122
128, 561
.0267
19, 661
23, 389
14, 865
14, 865
133, 357
.0299
21, 808
22, 375
15, 869
15, 869
139, 296
.0330
21, 467
22, 405
19, 399
19, 354
141, 364
.0381
21, 516
23, 569
27, 329
27, 329
135, 551
.0435
23, 987
24, 404
36, 647
36, 603
122, 891
.0488
30, 865
25, 836
45, 599
45, 577
108, 157
.0492
33, 510
27, 220
42, 403
42, 381
99, 264
.0470
33, 279
25, 416
34, 279
34, 279
98, 264
.0475
35, 141
26, 820
37, 981
37, 937
95, 424
. 0452
32, 582
28, 142
26, 783
26, 783
101, 223
. 0446
32, 004
27, 190
'27, 067
"27, 645
"105, 500
1,606
1,341
1,622
846
1,091
2,303
2,609
2,194
2,803
1,293
1,069
1,252
814
205
247
211
2,157
688
1,357
783
936
1,452
664
981
829
« 98, 768
79, 856
57, 897
a
88, 765
601, 395
299, 259
294, 230
311, 439
391, 055
560, 582
622, 979
578, 503
608, 788
585, 454
561,984
493, 125
438, 483
142
99
46
58
29
50
28
48
34
53
42
76
122
90
148
118
124
130
136
106
157
111
107
100
124
120
108 871
83, 679
136 566
168 266
150 571
141 313
128 786
118 359
231 210
158, 094
213 167
265 054
219, 601
376, 758
289, 101
453, 476
255, 170
253, 015
238, 047
272, 973
295, 298
283, 037
414,804
375, 719
191
146
137
130
157
204
165
167
148
162
191
205
20, 310
14, 721
254
27, 897
15, 770
439
38, 311
17, 188
285
25, 722
17, 197
288
34, 813
21, 181
246
43, 733
45, 781
412
45, 922
30, 498
245
59, 120
47, 342
344
53, 046
37, 186
313
59, 028
25, 118
404
51, 730
23, 738
312
42. 433
14, 057
173
19, 799
42 173
25, 096
33 784
10, 812
36 482
17, 356
74 979
23, 161
35 936
23, 506
50 527
26, 000
65, 354
27, 613
65, 875
27,911
81, 635
28, 619
47, 550
27, 178
38, 321
31, 347
39, 083
49, 978
27, 668
28 462
25, 952
30 106
25, 381
43 340
30, 223
37 934
32, 142
41, 661
38, 970
44 531
46, 453
35, 000
49, 945
43, 916
50, 484
61, 340
59, 451
59, 246
47, 770
62, 000
53, 768
1,741
313
876
204
811
192
874
187
864
206
1,357
285
1,964
404
2,032
434
1,948
446
1,963
412
1,876
406
1,798
353
1,591
313
3
39
2
39
1
57
1
70
2
94
o
156
2
200
6
143
0
147
0
141
9
176
4
306
2, 663
13, 465
2, 145
14, 447
526, 883
.148
347, 988
. 139
30, 426
20, 543
177
Miscellaneous Products
Brass and bronze (ingots and billets):
3,764
4,386
1 ^21
5,027
Deliveries
net tons
5,601
1 261
1 586
2 274
3 804
4 973
13, 678
14, 065
14, 664
Orders, unfilled, end of month. _ net tons
16,712
15, 657
14, 952
15 991
15, 934
16 568
16 408
Brass, plumbing:
Shipments*
.
number of pieces 552, 353 493, 477 585, 775 563, 671 664, 573 1,007,966 1,291,994 1,112,013 1,060,739 844, 606 695, 863
.148
.148
.138
Brass sheets, wholesale price, mill. dol. per lb._
.122
.147
.140
.115
.133
.110
.110
.110
Copper, wire cloth:
Orders:
Make and hold-over, end of month
107
249
80
272
thous. of sq. ft—
543
289
542
487
518
549
510
316
362
368
491
New
thous. of sq ft
275
642
257
379
317
484
281
603
657
Unfilled, end of month
thous. of sq. ft__
459
406
735
729
102
106
648
118
110
459
460
356
444
Production
thous. of sq. ft._
294
241
267
256
458
400
220
489
312
492
466
Shipments
_
thous. of sq. ft__
305
477
257
265
238
457
220
636
682
680
Stocks, end of month
thous. of sq. ft..
714
832
829
738
868
863
845
802
Fire-extinguishing equipment. (See automobiles.)
97
325
568
391
351
657
93
249
400
304
339
698
PAPEK AND PRINTING
WOOD PULP
Chemical:
Consumption and shipments, total J
short tons..
207, 860 214, 511
Soda
short tons
28, 464
27, 751
Sulphite total-..
short tons..
98, 471 104, 518
Bleached
short tons-.
49, 902
55, 016
Unbleached
short tons..
48, 569
49, 502
Sulphate
. short tons
80, 925
82, 242
Imports § #
short tons 139, 835 138, 971 98, 431
Price, wholesale, sulphite, unbleached
dol. per 100 R^2.10
1.53
1.53
Production, total 1
short tons
203, 763 205, 603
24, 762
Soda
short tons..
24, 738
Sulphite, total.
short tons..
96,001 101, 173
Bleached
short tons 1
51 225
48, 355
Unbleached ._
.
short tons, i
47, 646
49; 948
Sulphate
short tons
79, 692
83,000
Stocks, end of month, total
short tons..
54, 536
50, 206
Soda
_ _
short tons .
2,368
2,840
Sulphite, total
..short tons._
46, 744
43, 758
Bleached
...short tons..
23, 116
20, 038
Unbleached.
short tons. _
13, 602
14, 996
Sulphate
short tons..
4,510
3,658
442
Other grades
._
.short tons. _
422
* New series. Data prior to July 1931 not published.
§ Data
f Revised series. For earlier data see p. 19 of the August 1933 issue.
See footnote on p. 34 of this issue.
224, 020
26, 758
107, 799
55, 035
52, 764
89, 463
62, 409
223, 871
26, 764
97, 924
52, 947
44, 977
99, 183
82, 176
235, 820
31,918
100, 035
57, 383
42, 652
103, 857
137, 206
271, 533
31, 428
120, 665
79, 942
40, 723
119,440
178, 577
307, 192
32, 345
134, 884
65,919
68, 965
139, 963
194, 641
298, 680
31, 261
143, 912
74, 397
69, 515
123, 507
192, 338
303, 620
32, 637
147, 783
67, 770
80, 013
123, 200
191,019
207, 383
28, 081
] 44, 472
54, 412
90, 000
94, 830
218, 833
278, 551
33, 897
153, 579
05, 050
88, 529
91, 075
158, 743
1.53
1.53
219, 468 222, 536
25, 876
25, 928
108, 446 107, 679
56, 374
53, 484
52, 072
54, 195
85, 146
88, 929
47, 352
39, 830
2,492
3,304
40, 210
32, 280
15,652
14, 332
14, 990
8,780
4,156
3,990
494 !
256
1.53
241, 284
28, 592
115,644
49, 622
66, 022
97, 048
33, 186
2,920
26, 598
10, 770
6,712
3,216
452
1.55
248, 535
31, 508
111,148
54, 237
56,911
105, 879
29, 634
2,588
22, 772
7,614
6,180
4,024
250
1.64
269, 166
30, 365
120, 309
81, 077
39, 232
118, 492
1.75
309, 065
33, 039
134, 934
65, 202
69, 732
141, 092
1.79
303, 195
31, 834
146, 480
78, 395
68, 085
124, 881
1.91
306, 576
33, 000
150,253
68, 524
81, 729
123, 323
1.95
275, 405
28,831
149, 809
57, 1 55
92, 054
90, 705
1.95
275, 700
34, 448
151,434
04, 720
80, 708
89,818
227,811
28, 252
115, 860
61, 842
54, 018
83, 699
78, 921
I
;
1
|
j
!
!
a
revised for 1932. For revisions 1932 see p. 49 of the June 1933 issue.
Revised,
J Series revised. For earlier data see pp. 18,19, and 20 of the November 1933 issue.
50
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
March 1934
1933
February
March
May
April
June
July
August
Septem- October Novem- December
ber
ber
PAPER AND PRINTING—Continued
WOOD PULP— Continued
Mechanical (ground wood): 1
Consumption and shipments
Imports #
Production
Stocks end of month
short
..short
short
short
tons
tons..
tons
tons. -
89, 860
8,210
86, 905
52, 028
86, 453
5, 594
83 854
49, 820
92, 403
9, 064
90 591
48, 105
97, 337
7,949
103 002
53, 172
106 393
18, 084
113 789
60, 303
127 749
18, 684
125 737
59, 218
113 215
23, 612
105 316
116 275
21, 354
103 540
99 726
24, 909
92 083
102, 654
30, 966
103, 274
108, 456
25, 912
108 024
105,101
15, 943
107, 465
582, 455
628, 308
14, 713
PAPER
Total paper:
Production 1
short tons .
Percent of capacity
.
Shipments 1
short tons _
Stocks end of month
short tons_.
Book paper:
Orders, new:
51
Coated
percent of normal production..
Uncoated.. percent of normal production..
54
Orders, unfilled:
6
Coated
number of days' production ..
5
Uncoated
number of days' production..
Production t
short tons..
Percent of capacity
Shipments t
short tons
Stocks, end of month
..
short tons. _
Newsprint:
Canada:
Exports
_ _
short tons-. 187, 821
Production
short tons.. 188, 374
Shipments from mills
short tons
187 352
Stocks, at mills, end of month—short tons.. 34, 711
United States:
Consumption by publishers. . .short tons.. 140, 955
Imports #
short tons. . 168, 752
Price, rolls, contract, destination, N.Y.
basis
__dol. per short ton
40.00
Production total
short tons
84 194
Shipments from mills
short tons.. 84 796
Stocks, end of month:
At mills
short tons
17 784
At publishers
.short tons.. 208, 895
In transit to publishers
short tons.. 34, 737
Paper board:*
Production
.
short tons..
Shipments
short tons
Box board '§
Consumption waste paper
short tons
Orders:
New
short tons
Unfilled end of month
short tons
Production
short tons..
Operations percent of capacity
Shipments
short tons..
Stocks end of month
short tons
Stocks of waste paper, end of month:
At mills
short tons
In transit and unshipped purchases
short tons
Writing (fine) paper:
Production!
short tons_.
Percent of capacity
Shipments!
short tons..
Stocks, end of month
.short tons _
Wrapping paper:
Production!
short tons
Percent of capacity
Shipments!
short tons
Stocks, end of month..
short tons..
All other grades:
Production!
short tons ...
Shipments!
.short tons _
Stocks, end of month
short tons..
671, 477
741, 783
710 423
882 575
925 347
797, 014
785, 374
732, 444
58
923 842
852 366
53
586, 397
349, 389
627, 210
670, 488
757, 316
697 481
901 733
941 341
921 401
854 959
789, 048
754 153
739, 407
43
51
43
51
46
60
49
47
53
60
56
73
52
59
61
70
52
68
53
58
52
63
50
59
4
4
77, 094
4
3
80 486
3
5
79, 689
4
4
76, 183
5
6
79, 799
6
10
89 659
6
8
92 060
7
10
98 842
7
9
99 746
6
6
90 708
5
7
90 534
7
7
85, 419
58
64
66
49
55
63
81, 103
70, 778
78, 796
74, 671
77, 537
77, 210
77, 326
75, 820
64, 797
80, 900
87 687
83, 327
97 860
98 644
100 943
89 710
88 271
88 580
127, 779
°139, 359
a
!31 876
«49, 821
107, 446
124 788
120 094
54, 515
138, 005
137, 078
140 694
50, 872
113, 139
148, 377
162 040
37, 232
168, 719
170, 247
163 991
43, 428
152, 152
171 630
171 889
43, 068
167, 303
180 387
181 658
41, 963
165, 880
196 036
196 136
41, 826
177, 806
179 655
183 994
37, 237
171, 947
188 827
187 734
38, 415
162, 293
9
04 136
211 520
30, 858
185, 637
175 304
172 285
33, 847
127, 446
130,917
116, 307
94, 908
123, 402
114, 500
132, 032
139, 213
160, 773
157, 314
130, 879
142, 700
132, 482
163 433
127, 837
151 210
134, 306
177 750
152, 098
175, 711
154, 934
176 766
148, 427
168 787
45.00
74 42°
°72' 703
45.00
67 665
66, 884
45.00
76 521
77 933
40.00
74 534
76 085
40.00
81 181
78 861
40.00
81 939
84 970
40.00
79 616
82 145
40.00
87 957
86 077
40.00
72 091
74 139
40.00
82 052
81 580
40.00
87 567
86 829
40.00
80 895
g9 031
«?:* 335
23 363
157, 489
27, 347
23 005
149 971
23, 691
21 171
139, 637
27, 066
23 560
137,451
24, 290
21 964
135, 342
24, 051
19 378
157 118
26 278
21 407
166, 954
24, 601
17l'oil
30 934
19 152
177 732
34, 214
18 991
178, 159
36, 679
19 676
184 875
40 746
18 566
199 845
37 557
243, 489
243 246
263, 940
265 524
290, 678
289 225
295, 038
295 923
322, 108
327 906
382, 002
390 788
364 253
368 624
368 464
371 043
349 903
349 553
301 868
307 000
292 741
276 348
265 468
264 672
118 870 « 132 380 "148 318
a 68 569
a
11
207 2 1 4
36 065
205, 326
52 3
149, 743
80 925
a
207 705
38 50£
205, 871
58 8
158, 993
77 778
250 480
53 542
237, 536
54 9
181, 796
77 902
236 022
70 099
223, 845
58 2
174,914
78 827
l!9 382 «107 427 °101 537 "112 230
a 20 379
32, 946
a
27 691
«92 639
34, 262
37, 455
a
27 461
32, 848
a
213 697
a
203 804
a
204 640
a
226 455
294 460
76 719
287, 032
68 7
221,612
76 953
349 650
144 307
292, 967
76 2
260, 101
66 932
268 546
128 638
283 272
79 0
246 994
66 371
307 321
a
u g l 531
°77 S?"7
"82 838
9? 2(31
?
1 18 298
312 747
77 3
252 036
63 965
31 631
a 95 737
«93 gig
</ 21 857
42, 820
52, 552
52 537
53 943
a
a
!87 837
238 771
105 423
252 452
70 7
226, 336
<*65 110
a
!61 595
!05 471 °119 809
20 245
42, 767
145 307
121 703
19f) 059
55' 080
206 933
54 1
175 148
"70 263
169 H6
48 ()90
""76 337
47 1
152 712
7C 288
!37 287
1^0 645
185 026
62 177
228 416
60 1
191, 989
a
63 315
a
a
U
a
!5 374
46 636
49
53
59
49
63
79
83
78
76
70
34, 494
50, 099
34 639
48, 984
37 343
48 965
34 556
47, 548
34 737
49, 176
50 292
50, 894
52 274
53 727
41 441
43 232
92 969
91 417
121 169
132 438
123 556
140 334
129 658
a
a
30 1 4°
20 577
40 958
43 236
61
65
-8 378
39 993
9
1QQ 749
149 524
62
160 982
65
72
152 334
63
83
99
106
105
98
89
91 691
57, 596
123 835
56, 307
136 808
54, 405
125 409
53, 314
75
70
92 783
57, 240
163 579
46, 502
153 857
161 143
136 826
123 045
109 303
100 053
58 835
59, 423
71, 297
85 291
84, 523
72, 135
65 852
64, 535
74,912
124 657
130,391
73, 394
62 068
61, 882
73, 371
122 264
119,696
71, 591
179 788
183 204
153 °73
149' 662
143 470
147, 918
142 792
141, 221
160 313
151' 496
157 350
151 528
37, 648
4, 412
35 878
6,832
32 412
6,829
40 468
5,478
53 187
7,675
60 549
8,984
59 784
6,945
67 442
6,739
61 656
6,699
80 366
7,823
44 595
8, 972
29 581
11,733
99 259
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams. . 41 31!
Foreign
reams. . 9,450
Paper board shipping boxes:
Operating time, total
.percent of normal. _
Corrugated
percent of normal..
Solid fiber _
. percent of normal ._
Production, total
thous. of sq. ft..
Corrugated..
thous. of sq. ft..
Solid
fiber
_
..thous. of sq. ft..
Hope paper sacks shipments*
1930-31 = 100- _
56
60
58
65
80
88
90
71
65
43
91
81
62
39
61
47
71
47
86
60
93
72
100
65
97
70
87
64
78
49
376, 200
314, 084
62, 116
398, 014
329, 133
68 881
380, 452
306, 667
73 785
460, 970
385, 117
75 853
565, 471
463, 567
101, 904
626, 415
499, 226
127 189
566, 267
452, 869
113 398
106
81
124
493, 888
395, 814
98 074
95
422, 365
335, 551
86 814 I
378, 189
303, 101
75 088
112
631, 484 i 600, 157
513, 490 481, 396
117 994 118 761
69, 329
6,52
"45 \
60, 083
882
764
1 ]8
q HI
10 ^38
a
112
46, 602
457
390
45, 053
679
576
53, 337
766
621
46, 508
805
637
59, 226
530
477
82, 156
511
416
72, 099
660
554
94, 244
572
491
67
66
103
70
60, 009
824
699
145
62
168
62
53
67
95
63
106
63
81
64
125
68
69,318
754
643
111
71
9 73.5
7 920
7 907
7 653
7 399
8 048
9 902
8 570
10 380
9 572
13 078
11 097
13 364
11 950
10 958
10 483
9 697
11 627
12 934
ll' 162
Revised.
1 Series revised. For earlier data see pp. 18, 19, and 20 of the November 1933 issue.
* New series. Earlier data not published (rope paper sacks). See p. 19 of the December 1933 issue (paper board).
t Data revised. See pp. 19 and 20 of the December 1933 issue for earlier data.
§ Earlier data on box board not available.
# See footnote on page 34 of this issue.
56
63
37
i
PRINTING
Blank forms, new orders
thous. of sets.. 62, 642
Book publication, total. .number of editions. .
470
New books
..
number of editions
393
New editions
number of editions-77
Operations (productive capacity) _ 1923=100
Sales books:
Orders, new
thous. of books
9 430
Shipments
thous. of books
11 210
102
63
70
40
107
74
74
1 1 °C 1
Q g^^
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
51
1933
March
April
May
June
July
August Septum- October
°bVerm'
December
25, 371
13, 436
41, 821
13, 37(i
40, 751
N
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total
long tons
For tires
long tons..
Imports, total, including latex§ #..long tons.Price, wholesale, smoked sheets, N.Y.
dol. per lb_.
Shipments, world
long tons.Stocks, world, end of monthf
long tons.Afloat, total
long tons._
For United States
long tons—
London and Liverpool
long tons—
British Malaya
.
._ long tons—
United States!
long tons—
Reclaimed rubber:
Consumption
long tons—
Production
long tons..
Stocks, end of month
- -long tons—
Scrap rubber:
Consumption by reclaimers
long tons
35, 159
49, 088
19, 928
10, 376
30, 663
18,825
9,587
22, 969
15, 701
8,179
28, 475
22, 817
13, 555
21, 034
38, 785
22, 337
26, 736
44, 654
26, 075
23, 504
43, 660
24, 751
45, 243
39, 097
21, 772
45, 413
.093
80, 000
860, 000
97, 210
57, 210
90, 320
89, 000
376, 500
.033
59, 000
614, 851
60, 674
40, 674
89, 267
74, 590
385, 354
.029
54, 500
618, 299
65, 123
41, 123
92, 153
71, 677
386, 686
.030
56, 900
622, 142
60, 914
36, 914
94, 658
67, 583
395, 987
.036
55, 000
617, 490
65, 431
38, 431
95, 151
66,911
389, 997
.049
57, 000
620, 586
81, 177
54, 177
98, 609
70, 489
370, 311
.061
62, 000
632, 565
106, 510
79, 510
102, 511
82, 331
341, 213
.078
74, 000
619, 752
96, 794
71, 794
99, 906
88, 199
334, 853
.073
75, 462
603, 711
88, 355
66, 355
96, 661
85, 573
333, 122
5,600
9,238
17, 227
3,560
4,983
10, 733
3,229
4,303
10, 936
2,556
3,617
10, 227
3,261
4,340
9,484
5,750
7,864
9,065
7,159
9,956
8,733
7,642
11,326
9,311
6,990
11,005
9,924
14, 132
31, 047
17, 173
46, 255
27, 758
15, 274
46, 034
.086
.076
.088
.073
78, 111 a 87, 801
74, 000 84, 000
619, 019 a628, 127 "646, 423 « 656, 228
97, 468 "101, 530 «109, 955 « 109, 508
73, 210
71, 425
69, 508
71, 568
95, 022
89, 766
87, 9S4
86, 505
81, 758
85, 231 « 87, 185
85, 207
341, 322 352, 782 363, 253 « 373, 030
5,818
9,809
10, 473
5,337
8, 898
11,713
4,688
8, 519
12, 652
4,404
8, 966
13, 692
33, 486
37, 638
27, 800
25, 306
TIRES AND TUBES
Pneumatic casings:
Production
thousands ..
Shipments total
thousands
Domestic
thousands ..
Stocks end of month
thousands
Solid and cushion tires:
Production
_ . —
thousands-Shipments total
thousands
Domestic
.thousands. _
Stocks end of month
thousands
Inner tubes:
Production
thousands—
Shipments total
thousands..
Domestic
-- .- -- thousands—
Stocks end of month
thousands. .
Raw material consumed:
Fabrics
_
thous. of lb._
Crude rubber. (See Crude rubber.)
1,806
2,077
2,011
5,789
1,871
1,834
1,764
5,902
1,630
1,674
1,616
5,832
2,499
2,923
2,874
5,419
4,151
4,144
4,077
5,408
4,880
5,044
4,320
5,292
4,571
4,398
4,324
5,475
3,995
3,766
3,674
5,656
3,199
2,803
2,714
6,076
2,743
2,030
1, 943
6,769
2, 432
1, 758
1, 686
7,397
2, 466
2, 825
2,726
7, 110
6
7
7
22
7
8
7
21
7
7
6
21
7
8
7
20
9
9
9
21
15
15
14
20
15
14
13
21
16
13
13
24
15
14
13
24
12
11
11
26
11
9
8
28
11
13
12
26
1,675
2,028
1,989
4,957
1,779
1,682
1,646
5,085
1,506
1,522
1,486
5,095
2,282
2,441
2,410
4,951
3,760
3,571
3,530
5,105
4,358
4,622
4,575
4,878
4,482
4,169
4,110
5,152
3,933
3,750
3,685
5,303
3,070
2,778
2,719
5,607
2,805
2,141
2,079
6,265
2 290
1,682
1,636
6,900
2, 1C5
2, 728
2,656
6,252
7,899
7,263
6,364
10, 460
16, 778
19, 553
18, 709
16, 821
13, 592
11,116
10, 447
9,986
MISCELLANEOUS PRODUCTS
Rubber bands, shipments
thous. of lb—
Rubber clothing, calendered:
Orders, net number of coats and sundries Production number of coats and sundries. .
Rubber-proofed fabrics, production, total
thous. of yd—
Auto fabrics..
thous. of yd..
Raincoat fabrics
thous. of yd—
Rubber flooring shipments thous of sq ft Rubber and canvas footwear:
Production, total
thous. of pairs-Tennis.-_
.-thous. of pairs—
Waterproof
_- . -thous. of pairs..
Shipments, total
thous. of pairs—
Tennis
thous. of pairs—
Waterproof.
thous. of pairs. _
Shipments, domestic, total thous. of pairs. _
Tennis
thous. of pairs. .
Waterproof
thous. of pairs _
Stocks, total, end of month. -thous. of pairs. .
Tennis
thous. of pairs..
Waterproof
thous. of pairs. Rubber heels:
Production..
thous. of pairs.Shipments, total**
thous. of pairs
Export
. thous. of pairs..
Repair trade
thous. of pairs _.
Shoe manufactures
thous. of pairs—
Stocks, end of month- _ _ thous. of pairs. .
Rubber soles:
Production
thous. of pairs—
Shipments, total* -. - . thous. of pairs..
Export
— __thous. of pairs—
Repair trade
thous. of pairs—
Shoe manufactures
thous. of pairs—
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipments:
Total...
thous. of doL.
Belting.
— thous. of doL.
Hose
thous. of dol—
Other.
thous. of dol—
:::::::::
189
167
162
191
247
313
307
260
208
188
185
186
11, 574
24, 409
7,327
16, 330
8,058
20, 997
8,037
14, 227
9,808
19, 392
11, 756
35, 873
10, 550
38, 451
21, 525
41,610
27, 948
37, 371
23, 526
41,612
14, 878
38, 342
13, 818
27, 074
2,052
221
799
188
2,146
243
616
269
2,303
134
953
307
2,988
241
1,275
218
4,891
467
2,321
365
6,139
603
3,195
310
5,992
584
3,301
255
5,136
466
2,791
319
3, 948
375
2,483
252
3,740
317
2, 393
329
2, 458
318
1, 165
268
1,682
306
628
211
3,725
1,913
1,812
3,156
1,814
1,342
3,136
1,801
1,335
15, 351
7,008
8,343
3,275
2,185
1,090
3,537
2,256
1,281
3,511
2,245
1,267
15, 088
6,937
8,151
3,281
2,634
647
3,390
2,842
548
3,339
2, 800
539
14, 965
6,730
8,235
3,172
2,636
536
3, 672
3,230
442
3,637
3,202
435
14, 462
6, 135
8,326
3,860
2,794
1,066
4,212
3,516
696
4,149
3,470
679
14, 110
5,413
8,697
3,732
2,153
1,579
3,925
3,085
840
3,857
3,025
833
13, 922
4,485
9,437
3,824
1,496
2,327
4,333
2,251
2,082
4,253
2,181
2,072
13,517
3,832
9,685
5,319
1,898
3,421
5,126
1,640
3,487
5,043
1,575
3,468
13,749
4,134
9,616
4,827
1, 379
3,448
6,061
1,261
4,800
5,993
1,215
4,778
12, 512
4,252
8,261
5,931
1, 739
4, 193
5,634
679
4, 955
5 591
656
4, 935
12, 806
5,312
7, 495
13, 142
11,336
209
2, 433
8,694
21, 808
13, 030
10, 888
221
2,909
7,758
25, 267
11, 222
10, 761
170
2,677
7,914
25, 549
10, 353
12, 383
281
4,441
7,661
23, 740
19, 427
20, 484
182
6, 883
13,419
22, 688
23, 479
27, 717
284
7,155
20, 278
18, 402
21,496
20, 116
293
6,184
13, 638
19, 861
22, 632
18,410
282
7, 352
10, 775
24, 123
19, G21
14, 809
306
4,635
9,868
28, 637
19, 103
14, 157
340
3, 765
10,052
33, 750
15,955
11, 287
337
4, 552
6, 398
38, 436
13,625
12, 738
322
3,215
9, 201
37, 528
4,247
3,777
1
275
3, 502
2,766
4,008
3,728
3
362
3,362
3,121
3,959
3,925
235
271
3,419
3,302
3,108
3,256
1
266
2, 988
3,215
5, 209
5,482
1
335
5,146
3,006
6,094
6,786
5
395
6,386
2,228
5,154
5, 024
4
436
4,584
2,333
5,177
4,392
8
579
3,806
3,011
4, 351
3, 803
3
281
3,518
3,645
4,244
3,678
9
333
3,336
4, 286
4,054
2, 763
2
409
2, 351
5, 559
4, 496
4, 527
3
281
4, 244
4,281
2,060
382
730
949
1,815
352
633
830
2,018
358
802
858
2,273
371
903
999
2,847
521
1, 067
1,259
3,924
865
1,471
1,588
4,191
1,187
1,428
1,575
3,892
975
1,298
1,619
3, 675
882
1,206
1,587
3,275
808
1,117
1,350
2, 836
607
1,013
1, 216
2,848
627
1,015
1,206
r"
t For revised data for year 1932 seo p. 50 of May 1933 issue. * New series. Earlier data not published. § Data revised for 1932, for revisions see p. 50 of the June
1933 aissue.
Revised.
# Sec footnote on p. 34 of this issue.
52
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January February
March 1934
1933
March I April
June
May
July
I
October Novem- December
ber
August
STONE, CLAY, AND GLASS PRODUCTS
BRICK §
Common brick, wholesale price, red, N.Y.
dol. per thous._
Face brick (average per plant):
Orders, unfilled, end of mo.-thous. of brick-Production (machine)*
thous. of brick-Shipments.
thous. of brick__
Stocks, end of month J
thous. of brick
Sand-lime brick:
Orders, unfilled, end of mo__thous. of brick. .
Production
. .thous. of brick-Shipments by rail
thous. of brick
Shipments by truck
thous. of brick
Stocks, end of month
thous. of brick. _
9.25
10.13
9.25
9.25
9.25
9.25
9.25
9.25
9.25
9.25
9.25
8.75
9.00
355
53
133
2, 663
292
35
79
3,061
300
24
50
3,030
324
27
94
2,975
359
93
131
2,911
350
139
169
2,860
398
157
207
2,823
408
245
213
2,797
432
256
226
2,790
379
185
180
2 778
328
174
208
2 705
320
174
123
2, 750
340
109
111
2 717
100
967
16
791
2,213
7,325
606
110
1,233
4,622
4,812
307
80
778
4,020
3,675
511
15
861
3,501
2,775
492
50
742
3,003
1,580
588
72
606
3,877
1,315
730
71
1,265
1,936
3, 955
1,148
15
947
2,042
865
2,084
58
1,419
3,130
315
903
15
975
2,608
245
882
19
891
2 189
1,775
1,431
773
642
1,485
75
601
800
2,010
1.050
3, 779
16 6
3 778
19, 541
5,918
1.426
2, 958
12.9
2,502
20, 624
6,092
1.436
2,777
13.4
2,278
21,125
6,422
1. 436
3,684
16.1
3,510
21, 298
6,890
1.436
4,183
18.9
4, 949
20, 542
7,146
1.436
6,262
27.4
6,709
20, 117
6,769
1.436
7,804
35.2
7,979
19, 936
6,840
1. 549
8,609
37.6
8,697
19, 848
6,832
1.586
8,223
35.9
6, 994
22, 078
6,474
1.595
5, 638
25 5
6 517
21,216
6,507
1 603
5,037
22 1
6 750
19, 502
6,204
1.603
4,672
21 2
4 463
19, 709
5,877
1 603
3,526
15 5
3 738
«19, 541
"5,717
1,636
51.3
1,738
5, 244
1,585
51.8
1,508
5,325
1,704
49.5
1,621
5,406
1,568
49.2
1,682
5,305
1,693
49.1
1, 969
5,036
2,007
60.5
2,129
4,893
2,322
72.8
2, 112
5,103
2,492
72.3
2,553
5,033
2 158
67 6
9 529
4,736
2 237
67 4
2 084
4,796
2 123
64 0
1 806
5, 112
1 997
62 6
1 873
5,238
1,480
1, 865
1,460
1,043
1,219
795
1,049
1,280
1,010
1,379
1,327
1,008
1,300
1,390
1,161
2,241
2,217
1,484
2,145
2,324
1,670
1,331
2,100
1,611
1,815
2,168
1,647
1,556
2,027
1 926
1,473
1,856
1 713
1,571
1,958
1 588
1, 150
1,805
] 030
1, 439
56. 1
4, 581
986
34.0
4,480
1,006
35.4
4,397
1,267
44.6
4,388
1,226
43.2
4, 342
1,422
50.1
4,413
2,027
71.4
4,091
1,583
55.8
4,110
1,701
59.9
4,038
1 736
61 2
4,205
1 582
55 7
4,165
1 423
50 5
4, 656
1 171
41 2
4,286
6, 188
« 4, 955
4, 680
« 7, 922
« 9, 499
11, 327
« 8, 925
PORTLAND CEMENT
Price, wholesale, composite
dol. per bbl._
Production
thous. of bbl._
Percent of capacity
Shipments
thous. of bbl
Stocks, finished, end of month, .thous. of bbl_.
Stocks, clinker, end of month... thous. of bbL.
GLASSWARE, ETC.
Glass containers:
Production
thous. of gross
Percent of capacity
Shipments
thous. of gross
Stocks, end of month
thous. of gross..
Illuminating glassware:*
Orders:
New and contract
number of turns. .
Unfilled, end of month. .number of turns..
Production
__
number of turns
Shipments:
Total
number of turns
Percent of full operation
Stocks, end of month
number of turns..
Plate glass, polished, production f
thous. of sq. ft_.
7, 607
a
a
a
4,881
a
a
11,350
0
5, 794
0
4, 169
a
6, 347
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, wood fiber, sanded,
gaging, finish, etc
._'
short tons
For pottery, terra cotta, plate glass,
mi?~ing plants, etc
short tons
Tile partition
thous. of sq. it
0
197, 730
61, 106
74, 240
369, 016
146, 569
117,532
431,521
158 061
88, 820
241, 100
89 511
168, 931
297, 033
264 805
182 194
18, 882
42, 442
2,073
28, 945
67, 438
3,881
35, 339
54, 943
4 232
21, 796
41,314
2 752
187, 152
139, 623
30, 861
1, 715
17. 220
1 333
121, 490
-
short tons
thous. of doL.
1
24, 795
1, 516
|
TERRA COTTA
Orders, new:
Quantity
Value
217, 274
!
17, 249
1,406
1,159
112
292
26
1,306
79
2,333
198
1,105 1
67 j
1,297
72
565
47
834
68
182
21
717
65
342
34
341
33
764
52
TEXTILE PRODUCTS
CLOTHING
Hosiery: *
Orders:
i
New
thous. of dozen pairs.-;
Unfilled, end of month
j
thous. of dozen pairs-.!
Production
thous. of dozen pairs..!
Shipments, net
thous. of dozen pairs..|
Stocks, end of month.-thous. of dozen pairs.-1
Men's and boys' garments cut:
Overcoats
thous. of garments
Separate trousers
thous. of garments..!
Suits
thous. of garments--!
Rubber clothing. (See Rubber products.)
I
i
i
!
]
|
3,666
•__.
3,860
5,006
5,406
7,547
8,075
4, 684
4,028
4,471
4,337
3,470
3, 297
3,006
4,197
3,516
9,0101
2,826
4,063)
4,047
9,010 I
3,109
4,408
4,731
8,776
3,892
4,263
4,
8,469
5,865
5, 559
5, 358
8,740
7, 155
6, 115
6,537
8,390
5,939
5,075
5, 556
7,719
5,048
4, 568
4, 500
7,951
4,392
4, 522
4,815
7,553
4,172
4,703
4,526
7,855
3,296
4,139
4,028
8,091
2,999
3,311
3,424
8,496
178
1,390 I
1,450|
I
267
1,436
1,850|
I
216
1,676
1,745 I
I
122
1,844
1,593
131
2, 106
1,599
330
2,401
1,807
409
2,089
1,681
569
2,193
1, 832
527
1,792
1,385
553
1,702
1,163
354
1, 191
907
135
929
1,061
a
Revised.
* New series. For earlier data on face brick (machine production) see p. 20 of the June 1933 issue; gypsum, see p. 20 of the January 1933 issue; hosiery, see p. 19 of the
April 1933 issue (current data are partly estimated). Earlier data on glassware not published,
t Adjusted for degrading and year-end physical inventories.
$ Census Bureau na^ comparative su n'naries for 2 months only on structural clay products. Series not comparable over 13-rnonth period.
t Revised data for 1933 represent total production for the United States.
53
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
1933
Febru-
ary
March
April
May
June
July
August Septem- October Novem- December
ber
ber
TEXTILE PRODUCTS—Continued
COTTON
Consumption!
thous of bales
508
Exports:
Quantity, exclusive of linters
thous. of bales. _
739
Value. (See Foreign Trade.)
Ginnings (total crop to end of month)
thous. of bales
12, 559
Imports#
thous of bales
13
Prices:
.103
To producer
_dol. per lb_.
Wholesale, middling, N.Y
dol. per lb_.
.113
Production, crop estimate
thous of bales
706
Receipts into sightl
-thous. of bales _
Stocks, end of month:f
Domestic, total mills and warehouses
thous. of bales. . 11, 103
Mills
thous. of bales
1, 602
Warehouses
thous. of bales. _
9, 501
World visible supply, total
thous. of bales..
9,837
7, 693
American cotton
thous. of bales
470
441
495
470
621
697
601
589
499
504
475
348
794
557
488
436
592
615
692
531
869
1,047
915
820
7
9
5,851
14
171
1,394
13
12
10
7
10, 361
12,108
12, 357
14
12, 415
12, 710
12
21
16
.056
.062
.055
.061
.061
.070
.061
.069
.082
.086
.087
.096
.106
.108
.088
.096
.088
.097
.090
.097
.096
.100
1,078
599
569
584
728
771
761
782
2,131
3,231
2, 331
.096
.102
• 13, 177
1,272
11, 520
1,499
10, 021
10, 549
8,759
10, 827
1,449
9,378
10, 182
8,403
10, 244
1,343
8,901
9,796
7,977
9,523
1,371
8,152
9,560
7,613
8,715
1,392
7,323
9,014
7,042
7,708
1,398
6, 310
8,341
6,429
7,085
1 348
5,737
7,713
5,908
6,946
1,160
5,786
7,254
5,602
8,535
1,160
7,375
7,901
6,385
10, 836
1,361
9,475
9,383
7,828
11,985
1,574
10,411
9, 848
8,203
11,955
1,612
10,313
10, 060
8, 255
.168
.270
.163
.270
.175
.276
.179
.278
.216
.306
.251
.345
.311
.410
.361
.548
.339
.505
.321
.494
.295
.478
.301
.458
34, 332
2,625
34, 215
2,794
39, 475
4,125
28, 150
3,510
27, 384
4,808
30, 178
3,823
28, 704
3,088
18, 213
1,404
13, 797
2,442
13, 095
3,204
15,092
3, 925
l',,919
4,004
.032
.031
.032
.037
.048
.059
.067
.070
.067
.067
.065
.066
.078
.076
.073
64, 334
103, 574
13
COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
.316
22/ls, cones, Boston
dol. perlb..
.467
40/ls, southern, spinning
dol. per lb._
Cotton goods:
Abrasive cloth. (See Paper Products.)
Cotton cloth:
Exports§
thous. of sq. yd_. 16,790
Imports#
thous. of sq. yd_.
3, 985
Fiber consumption for tires. (See Rubber and
Rubber Products.)
Prices, wholesale:
.069
Print cloth, 64 x 60
dol. per yd..
Sheeting, brown, 4 x 4 (Trion mill)
.077
dol. per yd..
Cotton cloth finishing:
Printed only (mills and outside) :
Production
thous of yd
Stocks end of month
thous of yd
White, dyed and printed (outside mills):
Billings (finished goods)
thous of yd
Operations
percent of capacity
Orders new gray yardage thous of yd
Orders, unfilled end of mo
day's prod
Shipments (finished goods)
cases..
Stocks, end of month (finished goods)
cases
Spindle activity:!
25, 653
Active spindles
thousands
6,970
Active spindle hours, total. ..mills, of hours..
225
Average per spindle in place
hours..
Operations
«.
percent of capacity. .
98.5
RAYON AND SILK
Rayon:
32
Imports# ._
_ thous. of Ib
Price, wholesale, 150 denier, "A" grade,
N.Y
dol. per Ib
.65
Stocks, imported, end of month thous of Ib
Silk:
Deliveries (consumption)
bales. . 40, 942
Imports, raw#
thous. of lb._
3, 895
Operations, machinery activity:
Broad looms
percent of capacity
Narrow looms
percent of capacity
Spinning spindles
percent of capacity
Prices, wholesale:
1. 453
Raw, Japanese, 13-15, N.Y
dol. per lb_1.04
Silk goods, composite
dol. per yd..
Stocks, end of month:
World, visible supply
bales
United States:
At manufacturers
bales. _ 23,139
At warehouses
bales.. 83, 820
.038
.037
.037
.039
.050
.064
.077
.088
.080
88 300
80 097
93 773
82 272
95 746
80 446
74 463
80 765
88 278
81 740
100 479
75 395
90 106
72 909
75 329
82 943
57, 471
92, 301
71, 669
103, 371
38 282
47 503
51 148
43 006
55 018
80 782
75 847
59 741
45, 092
48, 097
58 847
30
28,700
72 565
30
34, 684
55 357
2 5
29, 843
60, 949
79, 155
26, 775
27, 383
43, 927
55
52 258
2 1
25, 698
67
55 891
2 7
28, 156
60
61 681
21
30, 339
60
68
84
140 632
88
51,004
76
93 660
4 6
48, 389
54
53
3.4
60
2.8
13 407
14 919
15 768
16 104
15 418
30 580
35 433
24 144
40, 107
23, 754
6,791
217
95.0
23, 669
6,286
202
94.9
23 488
7,050
227
93.8
23, 422
6,570
212
95 5
24, 610
8,329
269
112.4
25, 550
9,299
300
128.9
26, 085
8,128
263
117 5
25, 885
7, 942
258
106.7
26, 002
7,058
229
99.6
25, 875
7,261
235
101.9
221
351
45
8
52
366
828
1,126
395
.60
242
.60
241
.60
257
.50
253
.55
249
.60
237
.60
287
.65
410
.65
398
46, 204
4,988
32, 665
3,402
38, 934
4,254
41,910
5,660
47, 151
6,404
53, 627
7, 732
44, 597
8,396
42, 852
7,828
89 7
37 2
56 8
80 6
36*8
48 9
56 6
36 3
38 2
59 2
42* 2
49 8
75 4
46 0
52 3
74 8
53 0
62 8
82 9
53 2
78 4
1.305
.90
1.201
.89
1.182
.89
1.324
.92
1.586
.95
2.155
.98
2.273
1.02
256, 142
239, 864
237 236
234, 523
224, 425
218, 923
23, 406
69, 747
22, 074
60, 459
20, 243
43,814
21,151
43, 038
20, 243
40, 125
22, 190
33, 933
35, 510
5,134
33, 278
4,864
24, 943
4,451
28, 701
6,140
46, 898
3,179
25, 423
6,796
220
96.3
24, 841
5, 095
165
73.5
770
92
338
.65
504
. 65
507
.65
31, 185
7,007
28, 521
7,029
34, 822
5, 472
26, 959
4, 833
1. 881
1.04
1.889
1.04
1.647
1.04
1. 465
1.04
1.416
° 1.04
243, 529
264, 130
283, 731
301, 981
323, 171
21, 458
51, 684
23, 092
55, 515
24, 480
73, 800
23, 078
93, 625
23, 153
91,122
24, 762
96, 786
58, 688
10, 898
57, 377
31, 406
55, 694
40, 060
50, 467
21, 308
51, 037
19, 633
43, 466
15, 997
33, 570
16, 168
WOOL
Consumption, grease equivalent- -thous. of lb_.
Imports, unmanufactured §#
thous. of lb._
Operations, machinery activity:
Combs
_. percent of capacityLooms:
Carpet and rug.
percent of capacity-Narrow ._ .__ _ __ .percent of capacity..
Wide
percent of capacity
Spinning spindles:
Woolen
percent of capacity
Worsted
percent of capacity..
35, 968
9, 637
74
84
87
55
62
107
134
134
113
108
108
100
76
35
34
23
36
23
36
66
44
53
87
46
54
59
42
31
46
97
45
51
87
49
48
67
43
25
29
49
41
68
22
28
73
62
46
39
64
35
27
57
70
52
59
56
60
57
42
32
53
35
77
72
100
92
108
96
99
83
82
69
68
65
63
60
54
46
a
Revised
• Dec. 1 estimate.
f For revisions for crop years 1932 and 1933 see p. 52 of the October 1933 issue and p. 52 of the September 1933 issue, respectively.
t For revisions of cotton consumption and spindle activity for the year ended July 1932 see p. 20 of the February 1933 issue, and for cotton consumption and spindle
activity for the year ended July 1933 see pp. 52 and 53 of the November 1933 issue.
§ Data revised for 1932. For revisions see p. 53 of the June 1933 issue.
# See footnote on p. 34 of this issue.
54
SURVEY OF CUERENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January ™n,
March 1934
1933
March
April
May
June
July
August Septem- October Novem- j December
ber
ber
TEXTILE PRODUCTS—Continued
WOOL— Continued
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb__
Raw, Ohio and Penn, fleeces dol. per lb._
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd._
Women's dress goods, French serge, 54" (at
factory)
dol. per yd._
Worsted yarn, 2/32s, crossbred stock, Boston
dol. per lb._
Receipts at Boston, total.
_thous. of lb__
Domestic
__thous. of lb._
Foreign _
thous. of Ib
MISCELLANEOUS PRODUCTS
Burlaps and fibers, imports :#
Burlaps
_
_. thous. of lb._
Fibers .
long tons
Buttons and shells:
Buttons:
Imports, total § #
thous. of gross..
From Philippines
thous. of gross..
Fresh- water pearl:
Production
percent of capacity
Stocks, end of month
thous. of gross
Shells, imports, total #
-thous. of lb_.
Mother of pearl
__thous. oflb
Tagua nuts, imports #
thous of Ib
Elastic webbing, shipments _ thous. of dol
Fur, sales by dealers..
thous. of dol._
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of month
thous. of linear yd
Pyroxylin spread
._
thous. o f l b
Shipments, billed
thous. of linear yd_.
0.80
.37
0.82
.39
0.84
.41
1.613
1.765
1.800
.975
1.065
1.125
1.09
54, 510
52, 995
1,515
1.17
83, 318
70, 876
12, 442
1.18
61, 303
45, 593
15, 710
30, 192
20, 079
34, 251
17, 820
34, 499
23, 807
75
61
98
74
86
74
36.2
7,325
3,255
394
1,087
619
1,661
43.2
7,132
200
181
865
615
2,067
51.3
6,938
567
549
1,176
820
3,327
1,992
2,333
2,079
2,699
3,039
2,781
2,753
3,920
3,760
0.85
.41
0.88
.42
1.800
1. 800
1.800
1.125
1.125
1.125
1.29
28, 981
22, 204
6,777
1.35
18, 931
15, 241
3,690
1.35
14, 068
11,073
2,995
1.35
6,176
4,824
1, 352
50, 203
20, 523
25, 097
18, 974
49, 848
21, 806
33, 914
18, 713
31, 061
22, 195
114
77
93
62
53
44
102
74
125
82
45
39
54.2
6,792
172
120
1,983
1,093
3,803
49.0
5,983
815
150
3,236
1,301
3,892
56.3
5,737
779
713
3,264
1,270
5,279
52.9
5,832
506
483
2,216
1,074
2,725
60.4
5,827
505
365
3,066
1,097
868
58.8
6,211
667
612
1, 506
877
709
41.8
6,205
1,057
387
1,223
709
1,154
3,745
4,450
4,202
3,195
4,348
4,280
2,751
3,691
3,889
2,660
2,761
2,718
2,556
2,697
2,578
2,477
2, 157
2,024
2, 599
2, 351
2,148
123
66
21
36
107
66
28
13
81
29
27
25
71
30
22
19
2,190
1,726
2,868
2,428
1,750
1,228
1,625
1,042
6,330
10, 944
11,473
5,906
5,567
6,703
9, 526
3, 066
4,614
62, 539
40, 887
20, 393
1,259
57, 503
36, 790
19, 665
1,048
43, 889
26, 278
16, 741
870
33, 124
17, 794
14, 532
798
51, 127
38, 963
17, 703
16, 573
17
18, 348
19
17, 996
14
21, 892
27
25, 356
5,808
4,358
3,682
2,723
2,291
1, 503
=63, 987
42, 818
1,611
«19, 558
506
94, 180
2,171
"84, 152
52, 601
1,299
Q
30 252
627
58, 624
71, 458
81, 148
67, 733
63, 518
53, 054
41, 982
35,417
11,951
10, 384
3, 483
21, 295
74
59
56
59
66
101
120
48
47
91
109
47
44
86
105
46
53
67
89
43
0.88
.42
0.44
.20
0.43
.19
0.44
.19
0.49
.20
0.63
.29
0.70
.32
0.79
.35
1.800
1. 175
1.175
1.175
1.163
1.395
1.550
1.125
.750
.750
.750
.750
.780
.925
1.35
.80
8,978
7,991
987
.80
9,281
8,384
897
.80
4,657
4,032
625
.83
6,835
6,544
291
.93
17, 630
17,415
215
35, 768
28, 406
28, 865
22, 937
22, 413
17, 521
34, 842
25, 118
27, 284
12, 307
61
88
49
73
57
71
58
40.0
7,971
684
677
864
663
1,604
41.3
7,751
297
267
1,356
656
1,543
2,175
2,121
1,956
2,188
2,374
2,128
44.8
6,218
274
254
1,457
3,438
TRANSPORTATION EQUIPMENT
AIRPLANES
92
143
119
106
122
141
132
Production, total
number. .
87
44
62
78
21
66
99
35
81
Commercial (licensed)
number-48
7
14
45
27
35
30
Military (deliveries)
number
27
41
21
17
30
17
35
37
25
For export
_ __
_.
number
Exports:
AUTOMOBILES
Canada:
1,256
2,247
1,714
256
1,601
2,690
1,731
475
Automobiles, assembled
number. . 2,384
1,805
936
2,194
1,233
169
1,558
1,220
289
Passenger cars . _
number
1, 118
United States:
Autos and parts, value. (See Foreign
Trade.)
8,318
7,235
9,128
10, 308
8,657
8,056
7,538
Automobiles, assembled, total § .number _ _ 11,258 10, 143
5,662
4,757
5,546
6,516
5,521
5,528
5,093
7,059
Passenger cars §
number..
3, 085
2,478
3,582
3,792
2,656
3,136
2,528
2,445
3,084
7, 573
Trucks §
number
Financing:
Retail purchasers, total.-.
thous. of clol... 34,437 31,280 29, 189 33, 547 45, 337 58, 193 65, 514 65, 153 71, 187
43, 004
43, 334
19, 464
16, 842
28, 226
37, 475
47, 291
18, 328
New cars.
._
..
thous. of dol
19, 100
21, 182
20, 542
22, 536
11, 725
16, 107
12, 174
13, 335
19, 428
Used cars..
_ _ „ _ __ __. thous. of dol
14,420
1,328
621
748
1,005
1,277
1,360
1,289
779
Unclassified
thous. of dol..
827
Wholesale (manufacturers to dealers)
56, 938
69, 613
55, 006
57, 866
30, 134
27, 515
27, 706
40, 841
thous. of dol._ 35, 879
Fire-extinguishing equipment:!
Shipments:
25
19
24
31
. 21
14
28
18
19
Motor-vehicle apparatus
number
22, 642
19, 495
21, 183
11,841 12, 871
12,417
16, 401
Hand types
.. .number.. 21, 204 10, 749
Production:
Automobiles:
7,323
6,632
6,540
6,079
3, 298
8,255
9,396
6, P04
3, 358
Canada, total
.
number..
8,024
6,005
5,322
3,025
6, 957
4,919
5, 927
Passenger cars
number. _ 4, 946 a 2,921
United States, total-. _ .
number-- 161, 006 !30, 087 «106, 888 "118,002 "180, 713 "218, 347 «253, 387 "233, 141 *236, 556
91, 340
99, 225 152, 939 184, 644 211, 448 195, 019 195, 076
Passenger cars
_.
_ number
115, 956 108, 321
411
35
4
152
660
54
68
5
321
Taxicabs
number
Trucks. . . .
..number
44, 729 «21, 761 »15, 396 «18, 117 -27, 363 "33, 649 °41, 904 "38, 118 "41,412
1,015
580
898
938
890
961
347
727
Automobile rims
thous. of rims..
789
78, 741 119, 909 160, 242 174, 190 185, 660 178, 661
Registrations, new passenger cars f. .number-- *60, 940 79, 821 69, 464
Sales:
General Motors Corporation —
47, 436
71, 599
85, 969 101, 827
86, 372
50, 653
42, 280
87, 298
23, 438
To consumers. __
number
97, 614
59, 614
58, 018
86, 967
98. 205 113,701 106, 918
82, 117
To dealers, total
number
62 5C6
84, 504
74, 242
99, 956
50, 212
45, 098
So, 980
92, 546
U.S. dealers
number.. 48, 190 72, 274
Shipments, accessories and parts, total *
64
41
76
80
50
81
51
7.
Jan. 1925=100..
Accessories, original equipment
59
64
73
68
45
33
71
46
Jan. 1925=100..
46
99
42
56
99
40
83
46
Accessories to wholesalers
Jan. 1925= 100. .
129
134
106
84
84
87
118
119
Replacement parts __
Jan. 1925=100
50
32
38
56
34
50
47
36
Service equipment
Jan. 1925=100..
RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
__. mills, of lb__ 192, ] 64 200, 250 198, 997 198, 652 198,158 197, 664 196, 733 196, 059 195, 380
2,077
2, 095
2,088
2,069
2,060
2,106
2, 019
2, 123
2,101
Number, total
thousands
286, 928 266, 594 269, 378 274, 368 286, 987 303, 758 316, 107 316, 437 304, 202
Bad order, total
_ . number
15.4
15.4
13.8
13.2
14.9
12.9
14.7
14.4
12.7
Percent of total in bad order
a Revised.
p Preliminary.
§ Data revised for 1932. For revisions see p. 54 of the June 1933 issue.
f Revised series. See p. 19 of the August 1933 issue for earlier data on fire extinguishers and passenger-car registrations.
* New series. For earlier data see p. 20 of the February 1934 issue.
# See footnote on p. 34 of this issue.
°196, 143 « 138, 542
160, 891 108, 010
9
63
°35, 243 °30, 469
701
523
157,976 136, 326
194, 387
193, 556
295, 056
14.6
295, 087
14.7
2,047
2,038
3, 527
3,176
193, C50
2, 031
295, 784 I
14.8
6,460
3,262
11,191
192, 826
«2, 027
289, 985
14. t
SURVEY OF CURRENT BUSINESS
March 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January *«£"
55
1933
March
April
DecemAugust Septem- October November
ber
ber
July
June
May
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT— Continued
Equipment condition— Continued.
Locomotives, railway:
Owned:
2,363
Tractive power
_
mills, of lb..
Number
number.. 50, 103
Awaiting classified repairs.. .number- 10, 965
22.2
Percent of total
--.
38
Installed
number. .
258
Retired
numberPassenger cars:
On railroads (end of Quarter)
number
Equipment manufacturing:
Freight cars:
150
Orders, new, placed by railroads
cars,.
732
Orders, unfilled, total....
cars..
10
Equipment manufacturers
cars..
722
Railroad shops
cars
48
Shipments, total
cars.
22
Domestic
cars..
Locomotives, industrial electric (quarterly) :
Shipments total
number
IVlining use
number. _
Locomotives, railway:
Orders, now, placed by railroads-number. .
0
Orders, unfilled, end of month:
Equipment manufacturers (Census)
total
_ number. .
80
Domestic total
number
78
Electric
number _
68
Steam _- number-10
1
Railroad shops (A.R.A.)
number..
Shipments:
4
Domestic, total
.number..
4
Electric
- - number. _
0
Steam
..
number..
7
Exports total §
number
4
Electric §
number-3
Steam
number-Passenger cars:
Orders, new, placed by railroads.. number..
0
Orders unfilled (end of quarter) number. _
0
Shipments, total _
number..
0
Domestic
number..
2,432
52, 401
10, 014
19.4
31
120
2,428
52, 237
10, 290
20.0
57
221
2,423
52, 081
10, 545
20.6
41
197
2,422
52, 020
10, 743
21.2
44
105
2,410
51, 654
11, 103
21.9
43
410
48 592
3
2,223
1
2,222
3
3
0
1,974
0
1,974
15
15
6
1, 873
0
1,873
9
9
407
537
203
22.2
89
355
2,396
51, 233
11, 109
22.1
23
322
2,391
51,081
11,000
21.9
73
248
881
50
1,561
0
1,561
0
0
8
1,205
0
1,205
3
3
500
205
0
205
2
2
2,379
50, 677
10, 963
22.0
42
162
2,372
50, 446
10, 824
21.8
26
261
66
1,187
0
1,187
165
120
130
1,129
0
1,129
427
392
19
275
0
275
42
22
2,370
50,323
10, 895
21.9
35
294
46,272
M7,232
26
26
13
12
2,382
50, 788
10, 735
21.5
53
346
520
127
0
127
162
112
665
125
0
125
62
62
12
224
0
224
67
66
34
18
38
38
4
2
0
0
2
0
11
0
4
1
10
71
71
70
1
3
70
70
68
2
3
69
69
67
2
3
68
68
67
1
3
70
67
66
1
1
71
68
66
2
1
80
77
75
2
1
79
77
75
2
1
83
79
78
1
1
82
79
77
2
1
74
72
2
2
0
0
0
0
3
3
0
2
2
0
2
2
0
9
4
5
1
0
1
5
5
0
1
1
0
5
5
0
0
0
0
11
7
4
0
0
0
8
8
0
2
1
1
11
8
3
0
0
0
7
4
3
1
1
0
6
4
2
0
0
0
0
0
0
0
0
7
0
0
0
0
0
4
4
0
0
0
0
0
0
1
22
22
0
52
52
0
57
57
0
°52
°52
0
57
57
0
60
58
2
67
64
3
12
2,885
1,578
18
9,474
7,246
35
794
35
38
5,264
319
36
5,673
1,867
24
5, 148
3, 751
25
5, 930
1, 406
25
8, 363
7, 743
0
0
0
0
0
0
4
4
0
0
46
39
21
21
0
27
27
0
38
38
0
44
4, 159
1,814
22
15, 944
13, 741
24
9,338
8,531
14
41, 213
37, 537
ELECTRIC TRUCKS AND TRACTORS
Shipments, industrial, total
Domestic
Exports
-
.number..
number
..number..
»
11
SHIPBUILDING
United States:
Merchant vessels:
Under construction.-.thous. of gross tons..
Completed during month .total gross tons..
Steel
total gross tons..
World (quarterly):
Launched:
Number
ships
Tonnage
thous of gross tons
Under construction:
Number
ships
Tonnage
thous. of gross tons
55
93
83
78
90
130
175
232
741
209
732
216
757
206
757
CANADIAN STATISTICS
Business indexes: *
86.8
67.0
68.4
69.8
Physical volume of business
1926=100..
68.1
84.5
62.2
60.9
62.5
65.1
Industrial production, total
1926=100..
20 3
16. 1
20 6
25 2
Construction
1926—100
134.4
Electric power .
1926=100
162.9
136.1
134.9
131.6
Manufacturing
1926=100..
80.7
58.7
62.7
67.0
62.2
Forestry
1926=100..
96. 4
59.8
60.7
63.7
63.4
94.2
91.4
81.9
Mining
1926=100
80 5
93.2
84.8
82.9
83.8
Distribution
1926=100..
84.3
57.9
61.8
59.4
Carloadings
1926=100
73.6
56.1
49 6
51.1
47 9
Exports (volume)
1926=100
75 4
56 6
44.2
50.0
Imports (volume)
1926 = 100. .
62.8
52.4
50.8
110.5
110.1
Trade employment
1926 =100. . 113. 8
110.9
111.5
Agricultural marketing
1926=100
48 2
129.0
104. 1
76 5
56 1
Grain marketings... ._
1926=100
140.2
41.6
52 5
75.9
109.7
79.4
79.2
Livestock marketings
1926=100..
77.6
71.9
77.8
Commodity prices:
78.7
78.4
77.8
78.1
Cost of living index t
1926=100..
79.1
70.6
65.4
Wholesale price index #
1926=100..
64.4
63.9
63.6
Employment, total (first of month). 1926=100...
77.0
76.9
76.0
88.6
78.5
Construction and maintenance... 1926 =100..
56.2
88.1
54.7
56.5
58.5
Manufacturing
..1926= 100..
80.0
76.0
75.0
75.8
74.4
Mining...
_.
1926=100
106. 8
91.4
94.6
96 9
94.0
102 5
Service
1926—100
104 2
102 9
109 8
102 2
122 3
109 4
107 3
107 6
Trade
1926=100
119 6
74.1
74.2
TransDortation..
1926=100..
76.3
78.3
75.0
° Revised.
* New series. For earlier data see p. 18 of the February 1933 issue.
§ Data revised for 1932. For revisions see p. 55 of the June 1933 issue.
t Data revised for 1932-33. Revisions for 1932, see p. 55 of the November 1933 issue.
# FRASER
Digitized for Number of commodities changed from 502 to 567 beginning with month of January 1934.
26
2,787
1,181
76.4
72.7
14 1
138 9
77.4
75.7
97.8
86.7
62.9
66 6
54.8
110.3
95.4
98.3
82.5
82.2
79.8
19 6
149 0
85.7
79.2
99 0
88.9
66.8
65 3
56.7
112.2
221 9
252 5
84.8
84.1
82.6
34.0
160.7
88.2
87.0
81.0
88.4
62.6
71.5
59.7
111.9
136.3
148.5
81.2
89.8
89.5
25 5
168.0
96.9
94.0
99.0
90.5
67.9
65 1
65.0
112.7
197.2
224.6
74.5
90.8
90.2
26 9
148.9
97.0
88.0
108.8
92.6
63.9
85 8
70.5
114.8
101. 1
106.2
78.0
88.2
87.4
42 6
148 8
87.9
86 2
117 7
90.5
62 6
67 6
71.6
113 9
70 5
70 0
72.5
85.5
83.9
37 3
158 1
86.2
87.2
99 2
89.9
62 9
58 3
77.4
112 8
41 8
77.0
66.9
77.6
60.8
76.8
89 9
99 9
108 6
78.9
77.0
67.6
80.7
67.8
80.0
91 4
106 2
109 1
79.0
77.2
70.5
84.5
78.2
83.0
93. 1
111 5
111 8
80.5
78.6
69.4
87.1
88.4
85.2
97.4
111 8
110 5
81.2
78.8
68.9
88.5
88.4
86.8
100 4
113 8
111 8
82.5
77 9
67.9
90.4
97.0
86.7
105 8
108 1
115 0
78 1
68.7
91.3
94.6
82.7
36 7
65.2
86.5
1QQ 7
107 9
115 6
XI. 4
86.2
85. 1
32 8
156 5
88.6
88 4
102 2
89.3
60 4
53 5
67.8
115 9
30 7
24 7
57. 5
78 4
69.0
91.8
94.6
84.4
105 5
108 8
] 19 1
79 8
56
SURVEY OF CURRENT BUSINESS
1934
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 January January ^
CANADIAN
Finance:
Banking:
Bank debits
mills, of dol
Exchange. (See Finance.)
Interest rates
._ 1926 =• 100. .
Commercial failures*
number
Life insurance, sales of ordinary life (14 cos.)*
thous. of dol._
Security issues and prices:
New bond issues, total
thous. of dol..
Corporation
thous. of dol._
Dominion and provincial
thous. of dol._
Municipal
thous. of dol _
Railways
thous. of dol
Bond yields...
percent..
Common stock prices, total. __ 1926=100.Banks
1926=100
Industrials
1926=100
Utilities
.
1926=100 .
Foreign trade:
Exports
.
- --thous. of dol,_
Imports
thous of dol
Exports, volume:
Automobiles. (See Transportation Equip.)
Newsprint. (See Paper and Paper Products.)
Wheat
--thous. of bu._
Wheat flour .
«.
thous. of bbl _
Trade with U.S. (See Foreign Trade.)
Railway statistics:
Carloadings
-thous. of cars
Financial results:
Operating revenues
thous. of dol
Operating expenses
thous of dol
Operating income
. thous. of dol
Operating results:
Freight carried 1 mile
mills, of tons
Passengers carried 1 mile
mills, of passengers. .
Commodity statistics:
Production:
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
mills, of kw.-hrs.Pig iron
thous. of long tons
Steel ingots and castings
thous. of long tons..
Livestock, inspected'slaughter:
Cattle and calves
thous. of animals..
Swine
_ thous. of animals _
Sheep and lambs
thous. of animals..
Newsprint. (See Paper and Paper Products.)
Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)
Wheat
flour—.
thous. of bbl-* New series.
March 1934
1933
March
April
May
July
June
August Septem- October Novem- December
ber
ber
STATISTICS—Continued
2,597
1,969
1,830
1,887
1,877
2,650
2,982
3,528
2,649
2,457
2,823
2,837
2,492
97.2
99.2
216
98.7
214
100.0
192
101.3
184
98.1
175
97.1
158
96.7
142
95.0
150
95.8
155
94.6
144
97.3
155
98.5
159
29, 770
30, 497
32, 398
30, 255
27, 263
25, 381
31, 472
34, 185
37, 376
10, 750
0
11, 173 "123, 388
485
1,110
74, 958
0
94, 790
500
486 "225, 780
0
90
6,805
1, 575
29
0
29, 367
26, 323
29, 763
40, 946
0
19, 987
0
425
0
«986
625
40, 799
147
0
466
19, 000
987
0
4.75
51.6
67.5
59.6
44.6
0
425
0
4.73
47.6
65.5
56.3
38.6
47, 118
32, 391
32, 000
24, 441
2(5, 814
23, 514
7,088
448
14, 707
397
10, 922
333
a
0
"250
111 « 10, 750
0
0
4.79
4.85
51.9
47.3
59.8
62.3
57.3
67.5
38.2
38.5
7,815
2,873
0
4.70
63.7
64.6
85.8
47.2
117, 474
« 4, 804
0
4.65
74.7
72.7
103.6
53.8
68, 350
5,608
1,000
4.63
83.3
79.6
118.3
58.5
80, 000
14, 290
0
4.55
78.7
75.2
113.3
53.9
0
486
0
4.59
78.4
74.0
115.1
50.7
225, 000
"690
0
4.53
70.4
70.9
100.1
45.9
5,000
230
0
4.66
73.7
67.5
109.6
45.2
0
29
0
4.72
72.2
63.7
107. 6
45.2
37, 161
32, 851
20, 312
20, 457
46, 109
32, 927
46, 472
33, 619
51, 866
35, 738
45, 135
38, 747
58, 329
38, 698
60, 760
41, 070
60, 926
43, 712
51, 624
35, 368
14,816
490
4,460
234
21, 465
565
16, 999
545
16, 374
493
8,653
480
19, 666
553
23, 306
514
23, 144
548
17, 458
418
158
0
134
133
157
138
161
176
163
186
202
222
201
17, 643
18, 528
d
1,813
16, 788
17, 881
d
2,073
20, 612
19, 161
520
19, 530
18, 072
351
21, 447
19, 298
1,136
24, 310
20, 344
3,071
23, 713
20, 709
2,103
23, 730
21, 144
1,679
25, 872
19, 829
5,111
27, 239
19, 683
6,654
24, 176
18, 241
5, 040
1,388
1,302
1,712
1,413
1,529
2,133
1,735
1,752
2,103
2,442
2,011
95
88
97
105
100
141
145
145
136
96
91
1,729
31
1,397
29
1,300
6
1,371
0
1,297
0
1,350
0
1,371
1
1,443
32
1,508
35
1,489
31
1,618
27
1,703
30
1,708
38
61
41
12
11
12
23
32
49
49
38
48
43
50
91
270
40
71
247
49
65
220
36
89
250
42
97
232
30
116
279
30
91
235
56
88
191
72
99
187
101
101
195
148
108
235
182
100
277
84
67
253
41
1,012
859
845
1,005
1,013
1,334
1,186
1,323
1,444
1,393
1,651
1,745
967
176
For earlier data see p. 20 of the October 1933 issue.
(Commercial failures) and, p. 20 of the Feb. 1934 issue (Life Insurance Sales).
« Revised.
d
Deficit.
CHANGES IN STATISTICAL SERIES MADE SINCE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENT
Since the publication of the 1932 Annual Supplement, many series have been added to or dropped from the Survey in the regular semiannual revisions that have been
made with the June anl December 133:133, A record of the changes male in the December 1932 and June 1933 issues may be found on p. 56 of each monthly number from
June 1933 to November 193 i, inclusive. This record has been dropped from the current issue since sufficient space is not available to show them. Changes in the statistical series which were made in the December 1933 issue are listed below.
DATA ADDED
Page
Purchasing power of the dollar
24
Highway construction under the National Industrial Recovery Act
25
Home Loan Bank, loans outstanding
25
H. L. Green Co., Inc., stores and sales
26
Pittsburgh employment index.
28
Pittsburgh pay-roll index
29
Construction wage rates (E.N.R)
30
Reconstruction Finance Corporation, loans outstanding
32
Cellulose plastic products, production and shipments of nitro cellulose and cellulose acetate
Sheets, rods, and tubes
38
U.S. Steel Corp., shipments of finished products.. 47
DATA DROPPED
s:
Paper board, production and shipments
New orders index
Unfilled orders index
Federal-aid highway, work approved for construction and balance of Federal-aid funds available
for new construction (new work now paid for by
funds appropriated under N.I.R.A.)
Building cost index of electric light and power construction (Rickey)
Building material costs, frame and brick house
F. and W. Grand stores and sales (merged with
H. L. Green Co., Inc.)
Isaac Silver & Bros, stores and sales (merged with
Explosives, production, shipments, and stocks
age
50
23
23
25
25
25
26
DATA DROPPED—Continued
Page
Animal glues, production and stocks
36
Pyroxylin products production and shipments of
sheets, rods, and tubes
38
Gray iron castings, orders, production, receipts,
and stocks
45
Plumbers woodwork, orders, shipments, and stocks 46
U.S. Steel Corp., unfilled orders
47
Fabricated structural steel, orders and shipments
with percent of capacity
47
Electric hoists, orders and shipments
47
Illuminating glassware, percent of full operation of
orders, production and shipments
52
Carded sales yarn, all series
53
36
NOTE.—The following applies to the exchange rate on the Argentine peso on p. 31. Quotation on the gold peso was discontinued on Dec. 10, ond no quotations were
issued on the llth and 12th. Beginning with Dec. 13, the rate was quoted on the basis of the paper peso, equal to 44 percent of the gold peso. The December rate given
above has been adjusted to the basis of the gold peso. Beginning with January 1934 the rate will be given on the basis of the paper peso.
O
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
50
Acceptances, bankers'
30
Accessories, automobile
54
Advertising, magazine, newspaper, radk>
25,26
Africa, United States trade with
34
Agricultural wages, loans
30
Air-conditioning equipment
47
Air mail
26
Airplanes
35, 54
Alcohol, denatured, ethyl, methanol
36
Aluminum
48
Animal fats, greases
37
Anthracite industry.
22,29,42
Apparel, wearing
29,52
Argentina, United States trade with; exchange; flaxseed stocks
32,34,38
Asia, United States trade with
34
Asphalt
43
Automobiles
22,27,28,29,54
Babbitt metal
48
Bank suspensions
31
Barley
40
Bathroom fixtures
46
Beef and veal
41
Bituminous coal
22,28,29,42
Boiler and boiler fittings
^
46
Bonds, prices, sales, value, yields
33
Book publication,,
50
Boxes, paper, shipping
50
Brass
49
Brazil, coffee; exchange; United States trade
with
_.. 32,34,41
Brick
52
Brokers' loans
30
Bronze
49
Building contracts awarded
24,25
Building costs
25
Building materials
.
24,44,46,47
Business activity index (Annalist)
22
Business failures
31
Butter
39
Canadian statistics
55, 56
Candy
42
Canal traffic
35
Capital issues
32,33
Carloadings
22,35
Cattle and calves
41
Cellulose plastic products
38
Cement
22,27,29,52
Chain-store sales
26, 27
Cheese
39
Chile, exchange; United States trade with__ 32,34
Cigars and cigarettes
42
Civil-service employees
28
Clay products
23, 24, 27, 28, 29, 52
Clothing
24, 25, 27, 28, 29, 52
Coal
22,28,29,42
Cocoa
41
Coffee
.. __ _ _
23,41
Coke
43
Collections, electrical trade
26
Commercial paper
30
Communications
.
36
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
30
Copper
48
Copper wire cloth
49
Copra and coconut oil
37
Corn
40
Cost-of-living index
23
Cotton, raw and manufactures
23,52
Cottonseed, cake and meal, oil
37
Crops
23,38,39,40,53
Dairy products
23,39
Debits, bank
__
30
Debt, United States Government
32
Delaware, employment, payrolls
28,29
Department-store sales and stocks
27
Deposits, bank
30,31
Disputes, labor
29
Dividend payments
,__
33
Douglas
fir
45
Earnings, factory
29,30
Eggs
23,41
Electric power, production, sales, revenues__ 22,38
Electrical energy, consumption index
22, 23
Electrical equipment
49
Electric railways
35
Employment:
Cities and States
28
Factory, Federal Reserve Board indexes. _ 27, 28
Nonmanufacturing
28
Miscellaneous data
28
Emigration
35
Enameled ware
46
Engineering construction
25
England, exchange; United States trade with. 32,34
Exchange rates, foreign
31
Expenditures, United States Government
32
Explosives
36
Exports
34
Factory employment, pay rolls, operations-_
27,
28,29,30
Page
Factory operations, proportion of full time
worked
28
Failures, bank; commercial
31
Fairchild retail price index
24
Fares, street railways
35
Farm employees
_
28
Farm prices, index._„
23
Federal Government, finances .
32
Federal-aid highways
25, 28
Federal Reserve banks, condition of
30
Federal Reserve member bank statistics
30
Fertilizers
36
Fire-extinguishing equipment
54
Fire losses
_
25
Fish and fish oils...
37,42
Flaxseed
38
Flooring, oak, maple, beech, and birch
44
Flour, wheat
40
Food products
22, 23, 27, 28, 29, 39, 40, 41,42
Footwear
44,51
Foreign trade, indexes, values
34
Foundry equipment
47
France, exchange; United States trade with_ 32,34
Freight cars (equipment)
27,54,55
Freight carloadings, cars, indexes
35
Freight-car surplus
35
Fruits
.
23,39
Fuel equipment
48
Fuels
42,43
Furniture
45,47
Gas, customers, sales, revenues
39
Gas and fuel oils
43
Gasoline
43
General Motors sales
54
Glass and glassware
22,27,28,29,52
Gloves and mittens
44
Gold
32
Goods in warehouses
26
Grains..
23,24,40
Gypsum
52
Hardwoods
44,45
Heels, rubber
51
Hides and skins
44
Hogs
41,44
Home Loan Bank, loans outstanding
25
Hosiery
52
Hotels
28,29,35
Housing
23,25
Illinois, employees, factory earnings
28,29,30
Imports
.
34
Income-tax receipts
32
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
31
Interest payments
33
Interest rates
30
Investments, Federal Reserve member banks.
30
Iron, ore; crude; manufactures
22,46
Italy, exchange; United States trade with
32,34
Japan, exchange; United States trade with
32,34
Kerosene
43
Labor turnover, disputes
29
Lamb and mutton
41,44
Lard_
_
_ _
41
Lead
48
Leather
22, 23, 24, 25, 26, 27, 28, 29, 44
Leather, artificial
54
Liberty bonds
33
Linseed oil, cake, and meal
38
Livestock
23,40,41,44
Loans, agricultural, brokers', time
25,30
Locomotives
55
Looms, woolen, activity
53
Lubricating o i l
_
__
_
43
Lumber
22,23,24,27,28,29,44,45
Lumber yards, sales, stocks
44
Machine activity, cotton, silk, wool
53
Machinery
25,26,27,28,29,34,47,48
Machine tools, orders, shipments
48
Magazine advertising
25,26
Manufacturing indexes
22
Marketings, agricultural, forest products
23
Maryland, employment, pay rolls
28,29
Massachusetts, employment, pay rolls
28, 29
Meats
40,41
Metals
22, 23, 27, 28, 29, 45, 46, 47, 48,49
Methanol
36
Mexico:
Petroleum production and exports
43
Silver production
32
United States trade with
34
Milk
39
Minerals
22,42,43,48,49
Money in circulation
32
National Industrial Recovery Act, highway
construction
25
Naval stores
.
23,37
Netherlands, exchange
32
New Jersey, employment, pay rolls
28,29
Newsprint
50
New York, employment, pay rolls, canal
traffic
.
28,29,35
New York^ StockyExchange
30,33
Notes in circulation
30
Oats
Oceania; United States trade with
40
34
Page
Ohio employment
28
Ohio River traffic
35
Oils and fats
37,38
Oleomargarine
37 38
Paints
38
Passengers, street railways; Pullman
35}36
Passports issued™
'35
Paper and pulp
22, 23, 24, 27, 28, 29, 40, 50
Pay rolls:
Factory, Federal Reserve Board
29
Factory, by cities and States
29
Nonmanufacturing industries
29
Pennsylvania, employment, pay rolls
2g,29
Petroleum and products
22, 27, 28, 2gf 43
Pig iron
2o'46
Pork
'41
Postal business
26
Postal savings
31
Poultry
23,41
Prices:
Cost of living, indexes
23
Farm, indexes
23
Retail, indexes
23 } 24
Wholesale, indexes
'24
World, foodstuffs and raw material
24
Printing
50
Production, industrial
22
Profits, corporation
33
Public
finance
32
Public utilities
28,29,34,35,38,39
Pullman Co
36
Pumps
48
Purchasing power of the dollar
24
Radiators
46
Radio, advertising
25
Railroads; operations; equipment; financial
statistics
35,54,55
Railways, street
35
Rayon
53
Real-estate market activity
25
Reconstruction Finance Corporation, loans
outstanding. „
32
Registrations, automobiles
,
54
Rents, index
__
23
Retail trade:
Chain stores:
5-and-10
26,27
Grocery
27
Restaurant
27
Department stores
27
Mail order
27
Roofing
38
Rice
40
Rubber, crude; scrap; clothing; footwear;
tires
22,23,24,27,28,29,51
Rye
40
Sanitary ware
46,47
Savings deposits
30,31
Sheep and lambs
41
Shoes
22,24,25,26,27,28,29,44
Shipbuilding
22,27,28,29.55
Silk
23,53
Silver
22,32
Skins....
44
Softwoods
45
Spain, exchange,
32
Spindle activity, cotton
53
Steel, crude; manufactures
22,47
Stockholders
__
34
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks, issues, prices, sales, yields
33,34
Stone, clay and glass products
22, 23, 28, 52
Sugar
23,42
Sulphur
36
Sulphuric acid
36
Superphosphate
36
Tea
23,42
Telephones and telegraphs
36
Terneplate
47
Terra cotta
52
Textiles, miscellaneous products
54
Tile
52
Timber
45
Tin and terneplate
23,47,48
Tires
22,24,27,28,29,51
Tobacco
22,25,26,27,28,29,42
Tools, machine
48
Trade unions, employment
28
Travel
.
35,36
Trucks and tractors, industrial electric
55
United Kingdom, exchange; United States
trade with
32,34
Uruguay, exchange
32
United States Steel Corporation
30,34,47
Utilities
28,29,34,35,38,39,54,55
Vegetable oils
37,38
Vegetables
23,39
Wages
29,30
Warehouses, space occupied
26
Waterway traffic
35
Wheat and
flour
23,40
Wholesale prices
24
Wisconsin, employment; payrolls
28,29
Wood pulp
49,50
Wool... _
_ _
22.23,53
Zmc
22,49
