Full text of Survey of Current Business : March 1935
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MARCH
1935
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 15
NUMBER 3
INDEX OF NEW SERIES OF DATA ADDED IN THE SURVEY OF CURRENT BUSINESS SINCE
THE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENT
[NOTE.—Where data are available for period earlier than shown, the date in parentheses indicates when series started]
Period for which series were published
Series
Business indexes:
Indexes of production of leather and shoes
Agricultural products, cash income received from marketings of
] January 1919-November 1933.
I January 1919-December 1933..
Commodity prices:
World prices, foodstuffs, and raw materials
Fairchild's index of retail prices
Purchasing power of the dollar:
Wholesale prices
Retail prices
Farm prices
Cost of living
_
Real estate and construction:
Highway construction (N. I. R. A.)
(1) Approved for construction.
(2)
*/ Under
wnder construction.
v
Building costs (all types, American Appraisal Co.)
Construction costs, electric light and power industry (Richey)
Foreclosures
Home loan bank
__
j
Domestic trade:
Air mail
New passenger car sales
Chain Store Age, indexes of chain-store sales
Five-and-ten variety store sales
H. L. Green Co., Inc
Department store collections
Department store sales,1 Philadelphia Federal Reserve district
Indexes of department store sales:
Atlanta
«.
Chicago
_
Cleveland
Dallas
Minneapolis
,
New York
Philadelphia
San Francisco
.
Rural sales
Factory (Department of Labor), combined index
Factory (Federal Reserve Board), adjusted, combined index
Factory (Federal Reserve Board), all groups
Baltimore
_
.
Chicago
Cleveland
Milwaukee
.
Pittsburgh
Massachusetts
~
Maryland
Laundries
Dyeing and cleaning establishments
Banks, brokerage houses, etc
Federal and State highways
Federal civilian employment
Trade-union members employed, building trades, metal trades, printing
trades, all other trades.
Hours of work per week per wage earner (actual)
Hours of work per week,
nominal
Labor turn-over rate,1 quarterly
Pay rolls:
Factory (Department of Labor), combined index.
Factory (Department of Labor), all groups
Baltimore
Chicago
Milwaukee
New York City
Philadelphia
Pittsburgh
Maryland
Massachusetts
Banks, brokerage houses, etc
Laundries
Dyeing and cleaning
Average weekly earnings (National Industrial Conference Board)
Average hourly earnings (National Industrial Conference Board)
Average weekly earnings, Massachusetts__
Construction wage rates
Finance:
Federal intermediate credit bank, loans to and discounts for:
Regional agricultural credit corporations and production:
Credit associations
Other institutions
Agricultural loans outstanding, land bank commissioner
Agricultural marketing act_.Banks for cooperatives including central bank
Emergency crop loan
Production credit associations
September 1932, p. 20.
December 1932, p. 19.
January 1913-December 1932
January 1913-December 1932
January 1913-December 1932
July 1914-December 1932
August
August
August
August
September and October 1933..
December 1933, p. 25.
March 1915-June 1933
January 1914-December 1933
October 1933-October 1934 (August 1933).
December 1932-October 1933__-
August 1933, p. 20.
January 1933, p. 19.
December 1934, p. 25.
December 1933, p. 25.
May 1934-September 1934
January 1929-February 1934
January 1932-October 1932
January 1929-February 1934
July 1933-October 1933
October 1933-September 1934 (January 1933).
January 1919-October 1932.
December 1934, p. 26.
April 1934, p. 16.
December 1932, p. 26.
March 1934, p. 17.
December 1933, p. 26.
December 1934, p. 26.
December 1932, p. 20.
January 1930-December 1934 (January 1919)
January 1930-December 1934 (January 1923)
January 1930-December 1934 (January 1919)
February 1935, p. 20.
February 1935, p. 20.
February 1935, p. 20.
February 1935, p. 20.
February 1935, p. 20.
February 1935, p. 20.
February 1935, p. 20.
February 1935, p. 20.
December 1934 , p. 20.
lyso-JJecember 1934 (Jai
., _-,_.
1930-December 1934 (January 1923).
1930-December 1934 (January 1919).
1929-October 1934
1933,
1933,
1933,
1933,
p.
p.
p.
p.
18.
18.
18.
18.
Annually 1919-1929; monthly January 1930-December 1933 (January 1919).
January 1919-May 1934
January 1919-May 1934
January 1929-December 1933 (January 1923)
"anuary 1929-December 1931.
January 1923-December 1932
January 1921-April 1934
January 1926-Decernber 1931 (January 1925).
January 1923-November 1933
January 1926-December 1931 (January 1925)_
January 1926-December 1931 (January 1924)_
January 1931-December 1932.
January 1931-December 1932
January 1932-December 1932
_
January 1931-December 1932
January 1926-December 1931 (February 1925).
January 1928-December 1931
June 1934, p. 16.
January 1927-August 1932 (June 1920).
January 1927-April 1932 (June 1920)__.
September 1929-July 1932
__.
October 1932, p. 20.
October 1932, p. 20.
October 1932, p. 20.
January 1919-April 1934
Annual 1919-1929, monthly January 1930-December 1933 (January 1919).
January 1929-December 1931
May 1925-December 1925
August 1929-December 1931
June 1914-January 1932
January 1926-December 1932 (January 1923)
January 1923-November 1933
January 1926-December 1931 (January 1924)
-- January 1926-December 1931 (January 1925)
January 1932-December 1932
January 1931-December 1932
January 1931-December 1932
January 1927-August 1932 (January 1920)
January 1926-December 1931 (January 1920)
January 1926-December 1931 (January 1925)
January 1922-June 1933
October 1933-October 1934 (February 1933).
October 1933-October 1934 (May 1923)__
April 1933-April 1934 (May 1933)
April 1933-April 1934 (August 1929)_»_
April 1933-April 1934 (September 1933)
April 1933-April 1934 (January 1934)
April 1933-April 1934 (October 1933)
April 1933-April 1934 (October 1932)
October 1933 and October 1934
January 1932-December 1933
October 1934
October 1934
Regional agricultural credit corporations
Brokers' loans by Federal Reserve reporting member banks
Condition of Federal Reserve reporting member banks (90 cities)
Investments of Federal Reserve reporting member banks
Loans of Federal Reserve reporting member banks (breakdown of total
loan figure).
J
Discontinued.
[To be continued in a subsequent issue]
January 1933, p. 19.
May 1934, p. 16.
January 1927-July 1932 (January 1920)
November 1929-October 1932 (November 1929).
ry
j~—«ry
January
January
Employment conditions and wages:
Factory (Department of Labor), all groups.
Issue and page
July 1934, p. 19.
July 1934, p. 16.
July 1934, p. 16.
December 1932, p. 18.
June 1933, p. 20.
July 1934, p. 19.
December 1932, p. 18.
January 1934, p. 18.
December 1932, p. 18.
December 1932, p. 18.
June 1933, p. 19.
June 1933, p. 19.
June 1933, p. 19.
June 1933, p. 19.
December 1932, p. 18.
December 1932, p. 18.
July 1934, p. 19.
June 1934, p. 18.
December 1932, p. 18.
June 1933, p. 20.
December 1932, p. 20.
June 1933, p. 20.
December 1932, p. 18.
January 1934, p. 18.
December 1932, p. 18.
December 1932, p. 18.
June 1933, p. 19.
June 1933, p. 19.
June 1933, p. 19.
October 1932, p. 20.
December 1932, p. 18.
December 1932, p. 18.
September 1933, p. 19.
December 1934, p. 30.
December 1934, p. 30.
June 1934, p. 30.
June 1934, p. 30.
June 1934, p. 30.
June 1934, p. 30.
June 1934, p. 30.
June 1934, p. 30.
December 1934, p. 31.
January 1934, p. 18.
December 1934, p. 31.
December 1934, p. 31.
UNITED STATES DEPARTMENT OF COMMERCE
DANIEL G. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CLAUDIUS T. MURGHISON, Director
SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
H. GORDON HAYES, Chief
M. JOSEPH MEEHAN, Editor
MARCH 1935
Volume 15
Number 3
CONTENTS
SUMMARIES AND CHARTS
Page
2
3
Business indicators
Business situation summarized
.....................................
Comparison of principal data, 1931-1935 ...
.........................
Commodity prices
..................................................
Domestic trade
......................................
. ....... . ......
Employment
......................
.
................................
Finance
.....................
. ....... . ........ .
.....................
Foreign trade
......................................................
Real estate and construction
....................................
...
Transportation
.......................................................
Survey of individual industries:
Automobiles and rubber
........................................
Forest products
...................................
.............
Iron and steel
..................................................
Textiles
...........................
.
............................
4
5
6
7
8
9
10
11
12
13
14
15
SPECIAL ARTICLE
Shifts in manufacturing industries
..................................
16
STATISTICAL DATA
Revised series :
Fats and oils for 1931 and 1932; production dairy products for 1933
and apparent consumption of butter and cheese for 1932 and
1933
..........................................................
19
Indexes of employment and pay rolls in the States of Pennsylvania, Delaware, and New Jersey and the cities of Philadelphia
and Pittsburgh and in wholesale and retail trade for 1930-34____20
Weekly business statistics through February 23
21
STATISTICAL DATA—Continued
Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
General index
Subscription price of the SURVEY OF CURRENT BUSINESS is 31-50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents*
Foreign subscriptions, 33, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C.
117515—35
1
Page
22
23
24
25
27
30
34
35
36
39
39
43
44
45
46
48
49
50
51
52
53
55
56
Inside back cover
SURVEY OF CURRENT BUSINESS
March 1935
Business Indicators
1923-25 = 100
INDUSTRIAL PRODUCTION
INDUSTRIAL PRODUCTION
160
160
1OO
1OO
(Adjusted}9
MANUFACTURES
/-(Adjusted)*
4O i J I M I
4OLLLLLL
160
MINERALS
FACTORY EMPLOYMENT AND PAYROLLS
CONSTRUCTION CONTRACTS AWARDED
20O
1OO
EMPLOYMENT
1OO
(Adjusted
4O
-PAYROLLS
ill
(Unadjusted}
TOTAL FREIGHT CAR LOADINGS
FREIGHT CAR LOADINGS L. C. L.
160
160
1OO
1OO
DEPARTMENT STORE SALES
WHOLESALE PRICES
2OO
160
1OO
1OO
-FARM PRODUCTS
VALUE OF EXPORTS
VALUE OF IMPORTS
2OO
2OO
100
100
Adjusted
Adjusted
^-x, .
.
|I I ! I 1 1 1 I I I I I I I I I I I ! I I
200
_^-^
^N
I I IIM IIII I
I I I I I I I M M I I ! I I III i ( I
..
~
BANK DEBITS OUTSIDE NEW YORK CITY
100
^«
MM!lillM
p
"^L^ 1 1 1 1 1 1 1 1 1 1 1
I I ! I I I I II I I
FEDERAL RESERVE MEMBER BANK LOANS'
16O
1OO
-TOTAL
Unadjusted
1 1 1 n 11
1931
1932
ADJUSTED FOR SEASONAL
1933 1934 1935
VARIATION
40
* REPORTING .MEMBER
1931
BANKS
1932 1933
1934 1935
D.D. 8332.
SURVEY OF CURRENT BUSINESS
March 1935
Business Situation Summarized
NDUSTRIAL production expanded during January
Iadjusted
by more than the usual seasonal amount, the
index rising to 90 percent of the 1923-25
average, the highest point reached since August 1933
when the precode rush of activity terminated. Available data for February suggest that the increase in
industrial output for that month approximated the
usual seasonal change. Production in the first 2
months of the year has been the highest for this period
since 1930.
The steel industry again led the advance during
January, the adjusted index of steel production increasing 23 percent. Since the early part of February
there has been a decline in the rate of steel production, but output for the month is expected to exceed
the January total. Further advances in January,
after allowance for seasonal influences, occurred in the
textile, leather boot and shoe, and lumber industries.
While a sharp increase occurred in the production of
automobiles, the adjusted index for this industry declined 1 point to 104 percent of the 1923-25 average.
The number employed by factories in mid-January
showed a contraseasonal increase as compared with
December, the adjusted index advancing to 80.4
percent of the 1923-25 average, a rise of 1.9 percent.
A further increase is indicated for the succeeding
reporting period by the available data. The increase
in factory pay rolls in January amounted to 1.4 per-
cent, the index advancing to the highest figure reported
since last June; pay rolls were 19 percent higher than a
year ago. Seasonal recessions in retail trade and in
the construction industries were important influences
in the decline in employment and pay rolls in nonmanufacturing industries in January.
Distribution series did not follow the trend of the
production index. The increase in freight-car loadings
during January equaled the usual seasonal rise for the
month, while sales through retail stores apparently
declined by more than the estimated seasonal amount,
following the December gains. Sales of automobiles^
on the other hand, were sharply higher in January.
A substantial gain in the volume of residential
building featured the construction reports for January.
Total construction contracts awarded, however, have
been in relatively small volume and the seasonally
adjusted index for January, which is based on a 3month moving average, dropped 4 points to 27 percent
of the 1923-25 average.
A further advance in prices of farm products and
foods has occurred since the first of the year, but
the average of other wholesale prices has declined.
The decision of the Supreme Court in the gold cases
apparently had only a temporarily stimulating effect
on stock market quotations. No change is evident in
the new capital markets; issues brought out since the
first of the year have made a relatively small total.
Adjusted '
1
1
Tear and month
3
|.2
1
i
6
£
S
3
§
!
ert
^
a
It
fl af
o s»
<M 3
«
]
j!
fl <U
fc
-I
^s
ii
Merchandise, 1. c. I.
Total
i
^ ;
OB
S3
02
£
I
05
3
:
!
*c
«
1:1
•<
P
Department
Foreign
store sales, trade, value,
adjusted >
value
P
j
I
VI
•5
ee
•«
I
f
5
I
£
£
1
a
Monthly
average,
1926=100
Monthly average, 1923-25=100
1929: Januarv
1930: January.
1931: Januarv
1932: Januarv __ .
1933:
January
December
1934:
January
February
March
\pril
May
June
July
August -.
September
October
November
December
1935:
January
Wholesale price Index, 784
commodities
Unadjusted i
Freight-car loadings
Construction contracts,a all
types, value, adjusted
Factory employment
and pay rolls
Industrial production
Bank debits outside New
York City
MONTHLY BUSINESS INDEXES
117
103
82
71
117
102
81
70
114
108
87
74
119
106
83
72
120
105
83
71
116
110
89
77
103.1
99.4
81.7
70.2
102.3
95.9
70.0
53.5
95
89
74
58
108
100
82
64
97
94
83
75
104
101
90
81
90
88
81
64
110
107
99
78
126
106
64
39
113
95
56
42
142.4
130.2
110.0
80.6
120
95
71
31
95.9
92.5
78.2
67.3
64
69
63
67
71
81
65
75
63
73
74
86
61.4
75.1
39.5
54.5
51
56
56
63
65
64
69
68
49
121
60
69
31
48
29
42
61.1
67.4
22
57
61.0
70.8
77
83
86
88
89
84
73
73
72 i
75
74
78
76
82
85
89
89
83
71
71
70
85
88
91
81
87
87
85
83
87
87
84
85
78
81
84
85
86
83
76
73
71
73
74
86
76
80
82
85
86
83
74
72
69
72
73
86
88
91
100
90
89
87
85
80
82
81
81
89
75.1
78.4
81.0
82.2
82.4
81.4
79.4
79.3
73.9
76.7
76.7
78.9
64.0
60.6
64.8
67.3
67.1
64.9
60.5
62.2
58.0
61.0
59.5
63.2
58
61
63
60
63
64
63
63
67
64
60
56
64
64
66
62
63
64
61
59
59
57
59
64
65
66
67
67
67
65
64
65
67
66
65
62
70
67
66
65
65
65
65
65
64
63
64
66
57
59
73
73
77
70
51
60
79
82
83
135
69
71
77
77
77
74
72
79
7ft
74
73
77
44
47
60
50
46
50
48
49
48
45
45
43
42
42
44
42
47
44
43
39
43
39
47
41
66.9
59.7
71.4
72.4
71.5
74.8
70.5
68.0
65.3
73.3
68.0
79.4
49
44
33
32
26
26
27
27
29
31
31
31
72.2
73.6
73.7
73.3
73.7
74.6
74.8
76.4
77.6
76.5
76.6
76.9
8? ;
o»
91
90
89
93
80.4
64.1
58
64
61
65
59
72
45
51 | ,6.4
27
78.8
1
i Adjusted for number of working days.
* Adjusted for seasonal variation.
SURVEY OF CURRENT BUSINESS
March 1935
Comparison of Principal Data, 1931-35
JANUARY
X///////A
REMAINDER OF YEAR
BANK DEBITS OUTSIDE NEW YORK CITY — (BILLIONS OF DOLLARS)
'/////////////////////////A
CONSTRUCTION CONTRACTS AWARDED — (BILLIONS OF DOLLARS)
STEEL INGOT PRODUCTION — (MILLIONS OF TONS)
10
20
3O
40
50
AUTOMOBILE PRODUCTION — (THOUSANDS OF CARS)
100O
2OOO
3OOO
40OO
'////////////////A
JL
///////////////////////////A
FREIGHT CAR LOADINGS — (MILLIONS OF CARS)
2O
30
-40
10
Y///////////////////////////////////A
V//////////7/;
g
'//////////////////////,
g
i£
i
g '//////////A
D.D. 8333
SURVEY OF CURRENT BUSINESS
March 1935
Commodity Prices
The retail prices of merchandise, other than foods,
as measured by the Fairchild index as of February 1,
showed a continuation of the gradual downward trend
high at 79.4 percent of the 1926 level. The recent which has been underway since the report for April 1
rise, as was true of the rise during the year 1934, is last (March in the accompanying table). During
attributable to the increase in the prices of farm prod- this period the decline has amounted to 3.1 percent.
Retail prices of foods at the end of January were
ucts and foods. Six of the eight groups other than
farm products and foods declined fractionally during at the highest point reached since May 15, 1931. This
this 4-week period, 2 were unchanged, and 1, chemicals index has advanced during each of the latest three
2-week reporting periods, the rise of 5.5 points bringing
and drugs, increased.
Since the beginning of the calendar year, prices of the index to 119.8 percent of the 1913 average. The
farm products and foods have advanced beyond the index for each of the 6 groups of foods advanced during
average prices of all other commodities, as compared this period, but the largest gains were in meats and
with 1926 levels. In the week ended Februar}^ 16, dairy products.
The cost of living index of the National Industrial
the index of the prices of farm products stood at 79.2
percent of the 1926 base, that of foods at 83.1, and Conference Board increased 1 percent in January as a
result of a rise of 3.4 percent in food prices and 0.1
that of "other commodities" at 77.7.
The increase in the prices of farm products and of percent in housing.
Prices received by farmers in January, as reported
foods during the first 7 weeks of 1935 has been 4.8
percent and 5.9 percent, respectively, while the by the Department of Agriculture, were 107 percent of
index of "other commodities" has declined. The the 1910-14 average, or the highest since November
index of the prices of farm products in the week ended 1930; prices paid were 126 percent of the pre-war
February 16 was above the indexes of 3 of the 10 average. The ratio of prices received to prices paid
groups, arid the index of food prices was above the in- is estimated at 85 in January compared with 80 in
December and 66 in January 1934.
dexes of 6 of these groups.
HOLESALE commodity prices continued to
W
advance during the 4 weeks ended February 16,
the Department of Labor index reaching a recovery
INDEXES OF COMMODITY PRICES
Wholesale (Department of Labor)
Groups and subgroups
i "* tt i Economic classes!
i rf C !|
! - c :!
i
i1 -a §
Sj
COS
5
«.
* 1 , 3
Year and month i ^
;
^
; *g
:
3 i
1l t> I
I !
',
g ;
3 c ' £ ' £ i c
, c o • .s
* i Z
' w
•'
Is*
-
ft*
1
3£
;
II
!
•**
•
3
'
1i „
;
;
J'-mnary
March
4pril
May
June
July
Au'-'USt
September
October
November
December..
1935:
January
|! 94.7
|i 92.1
!| 81.5
!! 72.1
'i
',' 66.7
' , ' 74.8
j:
: 98.8 ;
: 94.0 :
72.7
i 58.3
;
50.2
, 61.9 1
94.6 105. 9
90.2 1 101. 0
73.7 73. 1
63.1 52.8
56.9 42.6
72.3 ! 55. 5
72.2 76. o ou , 71.9
! 717 ;
77.2 fig. Q
73 3 '! 77 1
73.7 i| 77.8 :
: 7-1.6 !i 78.2 :
' 74.8 >:. 78.2
76.4 I' . 79.2 '
77.6 !j 80.1 :
76.5 !' 79.2 '
: 76.5 \\ 79.3 i
76.9 \\ 79.5 '
;
';
•
78.8 80.8
;
fcf
E
S [! « ; i
tsg
fl c j
;
;
csj
i
I f
S i - ! c i! g ; ' £ i
&
\ 3^ i;
;
3 ! £ i
!
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t»
: t§| I
J
'
:
! £»
:
5
^
(
:
M
g
w
g
cfi
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!
•3
£
hi
a/
£
c3
i
PS
0
:
1
fl
t- en
*
i
-»j i
is S
1 71
s «
** 1
3
5
S 1
g
*
^
i
:
"£
i
cr
3
"2
!
.;
3
§
;
;
74. 8
fio 1 ' 73 <J
05. 1 ' 73.7
67.3 72.9
68.3 : 72.7
71.6 : 72.6
73.9 71.8
72. 1 > 71.5
72.2 \ 71.1
73.1 71.0
'
76.6 71.2
58.7
98.3 1 9S. 9 105. 7
93.8 97.3 !'106. 2
62 1 80. 7 88. 4
16.7 61. 7 1 61.9
!
32 9 l 55. 8 , 49. 5
60.4 62.5 4f>. 0
1
63.7 R4. 3 ' 18.9
' fil. 3
fi'J 2
1 59. 6
! 63.3
! 64.5
69. 8
i 73. 4
! 70.6
63. »
72.4
74.8
86.0
88. 1
85.0
j 70.8
i 72. 0
87.2
91. 5
77.6
88.8
i 5^ 6
Kevl^ed. See p. 20 of the November 1934 issue.
1
79.9
•M '•"
!*2 3
i
|
c 2. 7
81.3 .
72 2
f 5 . f. '
99. (i
99. 3
91 1 !
M. 4
78.2
83.5
51 9 61 2
76. 4 i 65. 7
73.7
77. 3
86.3 i 74.4
73. 1
89. 5
SO 8
85.5
76. 5 ; 67. 5
77.5 ;
flft. 4 i 75 7
80. 7 75 5
87. 3 . 75 1
87. h I 75.0
71 4
SH 7
HI, 4
78.5
87.7
86.8
86.7
86.6
86.3
86.2
85.9
76. 5
75. 3
73. 6
72.7
71. 5
70. 8
71. 1
70.3
69.7
70.0
85.8
70.3 j 70.7
147
145
101
71
uT A
87. 0 i 75. 4
85 8 75. 7
76.6 ! 78.3 • 85. 6 j 76. 5
70.0 l l 78.0 85. 2 I 77. 1
08.4 | 78.0 ' 85. 0 76. 9
09. 0
78 0 1 85. 1 77. 8
i
81.6
77.7
84. 9 79. 3
;
s- O*-es « ®
81. f)
87.9
89. 1
82. 0
82. 0
73.9 86.3 81.6
74.6 83.8 81.8
74.6 84. 1 81.8
74.6 I 83.8 81.7
74.4 84. 2 81. 3
73. 7 85. 1 81. 2 1
1
72. 9 80. 2 81. 2
Middle of month.
3
8-S
Efe
1
O
6
Q
Mo.
Deo.
Mo
Mo 1 average,
193G
' average,! 1909 to average, (Jan. 1,
1923=
1913 =
100 ;
100
100
100
72 9
81.0
8,8.9
H7. 9
87. 1
2-i~
•*•< !5
if!
• S tf:
68 9
89.2
72. 5
72.8
!
i
66. 0
73.4
71.7
i fc* 'u
o'S
70.1 ' 71.6
85. 6 73. 7
'
|
'
!
!
|
i
1
^
i
4,
Si i J€
> 67. 3
' 77.5
'
78.3
87. 1
r/-
1
^
100.1
97 2
SO. 9
81.8
7\ 9
78.2
78.4
78.3
C
J
•g'-S
C
fi
84 2 1 1 H. 4 93. 9
81. 7 105 1 93 8
73.3 88 7 88. 3
67. 9 79. 3 77.6
67. ] i 60. 0
09. 8 62.2
70.6 i j 63.4
73 9 1 69.4 |l
!'
Si
''
i
i
i
'<
!'
M
1 i 1!
n i l 5* |
92. 5
87.2
71. 3
59.6
|t «*-*
-M
cOi
l« !i! 11
£?. : '% i
95 5 95. 6
94. 3 !' 93 0
S3. 8 84. 5
74. 8 ' 75. 7
66 2 i 57. J | 78.0
76.1
74.8
75.1
75. 3
x'S
& is
' 92 3
89.5
, 79. 0
71. 7
ri: 2 ' v, r, i 7^ ,1
58 8
!
!
S • c i
j ,2 f
Monthly average, 1926=100
_i 95.9
i 92.5
i 78.2
: 07.3
1
_ _ ;: 61.0
70.8
!
.-
i
;|
|
1929: Januarv
1930: January
1931: Jam irv
1932: Janiarv
1933:
Janua v
Decem'ber
1934:
Retail
s-
09. 3
S'J. 5
69. 8
70.2
69. y
70 2
70. 2
69.7
70. 6
71.0
;
i
i
!
i
.
i
i
78.6
78.8
79 1
79 P,
81. 0
80.9
80.8
80.8
81.6
CJQ
78
104
71.1
88.0
O'J
105
I AQ
108
109
88.5
on 6c
KU.
89.6
82
!
1
98. 1
81. 3
60
b2
!
155
155
133
109
107
108
89.4
88. 6
86
87
9f>
JOS
102
101
101
109
110
112
117
116
115
114
88.2
87.9
87.7
87.7
87.4
87.4
87.2
107
119
86.8
Index is for 1st of following month.
6
SURVEY OF CURRENT BUSINESS
March 1935
Domestic Trade
through retail stores have declined since DeSALES
cember by more than the estimated seasonal
49 in December to 79 in January. This erratic movement (the index dropped from 63 in November) is
caused partly by changing seasonal factors incident
to the production of new models which are not allowed
for in the index. Nevertheless, January sales were
the largest for this period since 1930; a further large
gain is indicated for February as dealers still have
large accumulated orders which are being depleted
as cars are supplied in more adequate volume.
The Bureau has recently issued estimates of total
retail sales for the year 1934. The gain in the aggregate
dollar volume was approximately 3}£ billion dollars,
a modest increase when consideration is given to the
rise in prices in comparison with the preceding year.
Total sales were estimated at $28,548,000,000, or 58
percent of the 1929 figure. The increases in 1934, by
kinds of business, varied from a low of 7 percent for
the food group to more than a fifth for the mail order
and automotive groups. Copies of the report, together with similar estimates for wholesale trade, are
available from the Bureau upon request.
One of the major statistical indicators which continues to reflect a uniformly favorable trend is the
series on commercial failures. While the January statistics show a seasonal increase in the number of insolvencies, the total is the lowest for the month since
1920. An unusual feature of the monthly report was
the decline in the amount of liabilities involved in
such failures, since a substantial rise is usual from
December to January.
amount, according to the available monthly data.
This reaction follows the general gains registered in
December. The trend of retail sales of automobiles
has been strongly upward since deliveries of 1935
models started toward the close of the year.
The adjusted index of department-store sales receded to 72 percent of the 1923-25 average in January, thus more than canceling the gain which was reported for December. Particularly wide declines occurred in the seasonally adjusted indexes of sales in the
southern districts. Total sales were 4 percent higher
than a year ago, but the regional change ranged from a
drop of 4 percent in the Boston district to a gain of 14
percent in the Cleveland area.
Sales of general merchandise in rural areas underwent a sharp contraction during January, the seasonally
adjusted index dropping from 94.5 percent of the
1929-31 average in December to 87.5 in January.
Sales were 10 percent larger than in 1934. The drop
in variety-store sales was in accord with the usual
seasonal movement, the adjusted index continuing at
the level which has prevailed since the second quarter
of 1934.
Deliveries of automobiles at retail during January
increased rapidly as cars came off the assembly lines at
an accelerated rate. Efforts to deliver cars as rapidly
as possible at retail was reflected in the increase iri the
seasonally adjusted index of passenger car sales from
DOMESTIC TRADE STATISTICS
!
i
Retail trade
Department stores
Sales
Year and month
I
;
Chain-store sales
Stocks a
Unad- Ad- ! Unad- Ad: just- just! just- justed »
ed i
ed J
ed
Monthly average, 1923-25=100
1929: January
'
January..
February.
March
April ..
May
June
July
August. .
September
October
November
December..
1935:
January
107
89
100
Employment
Pay
rolls
Commercial
failures
Unad- Adjustedi justed 2
Failures
1
Monthly average, 1923-25=
100
Thou- Monthly aver- Monthly aversands of age,
1929-3 1=100 age, 1929=100
dolls.
100.2
M. 7
94.3
88.8
47, 400
Liabilities
Num- Thouber- ofsands
dolls.
90. S
74.1
13fi. 5
07.7
00. 7
110.5
100.0
1)1). 0
86. 3
71.8
97
94
83
75
104
101
88.9
80.7
90
81
2, 535
2, 750
3,316
3,458
53, 877
61, 185
94, 608
96, 860
78
66
88
74.7
73. f)
70.3
60. 1
31,975
47. '6
31.2
. . _.
49
121
60
69
52
62
58
65
80
88
61.3
153. 7
82.3
83.3
26, 958
61,804
28.1
17.3
41.0
30.5
73.6
81.5
58.3
60.9
65
64
69
68
2, 919
1,132
79, 101
27,200
.
i
_. . 1
57 :
59 >
73
73
77
70
51
60
79
82
83
135
69
71
77
77
77
74
72
79
78
74
73
77
59
63
67
68
68
63
59
61
67
71
74
60
66
66
65
65
66
65
84
64
64
64
65
64
89
91
91
92
90
92
93
93
95
92
93
94
70.2
73.0
87.2
82.5
90.0
86.3
79.7
79.9
85.5
91.3
92.9
163. 9
94.2
87.5
94.8
87.2
90.0
90.8
89.5
90.3
89.5
90.0
91.5
88.9
36, 750
36, 016
43, 592
46, 037
51,072
46, 330
37, 387
44, 134
52, 997
64, 134
60, 595
76, 631
22.8
45.7
68.4
87.9
78.1
84.6
73.9
63.1
51.9
47.3
39.2
27.7
33.5
54.5
64.5
59.0
55.5
63.5
67.0
56.0
53.0
59.0
63.0
49.0
80.6
81.2
81.8
82.1
82.8
82.3
82.2
82.5
83.5
84.3
85.1
85.0
60.3
61.0
62.0
63.1
62.6
62.8
63.8
62.7 1
63.6 1
64.5
64.2
64.8
65
65
67
67 !
67 i
65 !
64
65
67
66
65
62
70
67
66
65
65
65
65
65
64
63
64
66
1,364
1,049
1,102
1,052
977
1,033
912
929
790
1,091
923
963
32, 905
19, 445
27, 228
25, 787
22, 561
23, 868
19, 326
18, 460
16, 440
19, 968
18, 350
19,911
59
72
57
64
93
67.3
90.4
41, 194
54.2
79.0
84.3
63.9
!
si i
65
1,184
IS, S24
1931' January
1934
110
3S
Avg. same Monthly avermo. 1929- age, 1929-31 =
100
31 = 100
Mail- New passenorder
ger car sales
and
store
sales, 2 Unad- Adhouses just- justed i
ed '
Freight-car
loadings, merchandise I.C.I.
99
88
75
;
1930- January
1932: January
1933:
January.. .
December
90
Variety stores
Combined
index Unad- 1 Ad(18 com-- just- Justpanics)*
ed i
ed 3
Wholesale
trade ">
i
.
_ _ .
.
sn
f>4
QQ
88
78
47, 108
41, 4&y
70.5
45.5
1 Corrected to av. daily basis. » Adjusted for seasonal variation. 3End-of-month. « See note on p. 26 of the Nov. 1934 issue. 5 Revised. See note on p. 20 of the Feb. 1935 issue.
SURVEY OF CURRENT BUSINESS
March 1935
Employment
in manufacturing industries was
EMPLOYMENT
eight-tenths of 1 percent higher in mid-January
than a month earlier, while pay rolls were up 1.4
percent. After allowance for the usual seasonal
decline, the adjusted index of factory employment
increased 1.9 percent. Employment and pay rolls in
nonmanufacturing industries declined in January,
due largely to the seasonal recessions in the retail
trade and building construction groups.
Among manufacturing industries, a larger number
of workers were employed in 38 of the 90 industries
surveyed; the remaining 52 industries reported a
decline. Employment in the 46 durable goods industries increased 2.6 percent from December to January and pay rolls for this same group increased 4
percent.
As in December, the increases in the durable goods
industries were due mostly to the intensification of
activity in the automobile industry, wilich reported
an increase of 22 percent in the number of workers
employed and a gain of 21 percent in pay rolls. Nineteen other industries in the durable goods group reported increases. The more important declines among
these industries were locomotives, 17 percent; due
primarily to the completion of orders placed through
P. W. A.; brick, tile and terra-cotta cement, 11 percent; jewelry and radios, 8 percent each; stoves, 6
percent; and typewriters, 3 percent.
For the combined nondurable goods industries, employment and pay rolls both showed small declines.
Of the 44 industries included in this group, 18 re-
ported increases and 26 declines. The textile industry
employed more workers in all of its branches, with
the exception of men's furnishings and knit goods.
Other increases reported for the nondurable goods
group were boots and shoes, 4.9 percent; fertilizers,
12 percent; and rubber products, 3.5 percent.
Large declines in a few of the 18 nonmanufacturing
industries were responsible for the net decline in total
manufacturing and nonmanufacturing employment
for January. The major recessions were in building
construction, 12 percent, and retail trade, 11 percent.
The quarrying and nonmetallic mining industry reported a decline of 12 percent, also seasonal in character. Some of the gains among these industries were
in anthracite mining, 2.1 percent; in bituminous coal
mining, four-tenths of 1 percent; and the telephone
and telegraph industry, 1.1 percent.
The number of families receiving Federal relief increased 3 percent in January. Some reduction in the
number receiving relief occurred in such cities as
Detroit and Youngstown, Ohio, where improving
industrial conditions has lightened the public burden.
Relief expenditures for the country increased about
11 percent over December, as a result of both the increase in the number of cases and the increase in the
budgetary allowances.
Changes in employment on public projects (including the Emergency Works Program) during the month
were not important, a net increase of about 20,000
workers being reported.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls
Employment
Year and
month
Pay
rolls
Nonmanufacturing employment and pay rolls
(Department of Labor)
Anthracite
mining
Em- ! p
TJnad- Ad- Unad- ploy
justed justed »| justed ment
: roils
roUs
Bituminous
coal mining
Employment
Monthly average,
1923-25=100
105.7
1929: January... 100.8 103.1 102.3
1930: January. _. 97.3
99.4
102.1
95.9
90.6
1931: January. .. 79.6
81.7
70.0
76.2
1932: January. .. 68.7
70.2
53.5
1933:
January
61.4
52.5
60.2
39.5
December... 74.4
54.5
75.0
54.5
1034:
64.1
January
73.3
75.1
54.0
63.2
78.4
60.6
February — 77.7
81.0
March
80.8
67.5
64.8
82.4
82.2
58.2
April
67.3
82.4
82.5
May.
67.1
63.8
81.4
June
64.9
57.5
81.1
78.7
79.4
July
53.6
60.5
62.2
August
79.5
79.3
49.5
September.. 75.8
73.9
58.0
56.9
78.4
61.0
October
76.7
58.5
November.. 76.8
76.7
59.5
60.7
December.. . 78.0
78.9
63.2
61.6
1935:
January. .. 78.6
80.4
64.1
62.9
1
Adjusted for seasonal variations.
Pav
Power and
light
Em-
35 |±S
Wages
Tradeunion
i Telephone
Factory *
! and telegraph Retail trade * memCombers employed Average Average mon
Em- Pay
weekly hourly labor
ployment rolls
earnings earnings
a S as
Percent
of total
members
Monthly average, 1929=100
Cents
per
hour
Dollars
100.7
105.8
89.3
61.5
106.4
102.5
93.9
80.8
106.1
101.4
73.3
47.0
92.9
99.6
99.2
89.3
91.7 ! 94.3
101.6
99.7
98.6
90.5
88.4
83.0
94.5
105.1
96.3
89.1
97.2
100.2
92.3
80.3
95.9
99.8
88.1
71.9
85
80
73
69
28.42
27.10
23.07
18.99
0. 584
.588
.576
.530
36
40
36
32
43.2
44.3
69.8
75.4
36.1
50.8
77.7
81.8
73.0
74.4
74.6
69.4
71.7
67.7
72.1
89.1
54.7
64.0
65
71
16.22
18.57
.466
.550
32
38
73.2
65.8
82.4
51.7
64.0
53.3
42.3
39.7
47.0
48.3
51.2
52.3
75.8
76.1
77.8
72.2
76.7
76.7
77.0
77.1
78.2
79.3
79.8
79.7
51.3
54.6
58.9
51.4
54.4
55.1
49.7
50.4
51.4
57.8
58.3
57.0
82.2
81.2
81.7
82.4
83.1
84.0
85.0
85.6
85.8
85.8
85.5
83.6
73.8
74.4
75.6
76.8
77.6
77.8
81.1
79.9
79.3
80.6
79.6
78.3
70.2
69.8
70.0
70.2
70.2
70.4
71.0
71.0
70.9
70.3
69.9
69.7
69.0
67.9
70.4
68.8
71.4
71.3
72.3
74.0
72.2
74.9
72.2
73.2
79.8
79.6
81.5
82.5
82.9
82.6
79.0
77.8
81.7
82.6
83.7
90.8
59.0
58.8
59.8
61.2
61.5
61.4
60.1
58.4
60.6
61.9
61.8
66.0
72
74
75
76
76
75
72
72
76
76
75
73
18.89
19.81
20.49
21.00
20.79
20.70
19.92
19.59
19.53
20.01
20.07
20.70
.551
.558
.561
.579
.586
.586
.587
.588
.591
.593
.594
.593
37
37
42
43
43
43
42
41
41
41
41
40
57.5
80.0
59.6
83.7
78.0
70.5
73.9
80.7
60.0
74
21.61
.594
39
1
Revised. See note on p. 68.
3
National Industrial Conference board.
8
SURVEY OF CURRENT BUSINESS
March 1935
Finance
ROM the middle of January to the middle of FebFruary
activity in the security markets was influenced by the shifting speculative reactions to the
anticipated decision of the Supreme Court in the socalled gold cases. There was comparatively little net
change during this period in stock prices, although
occasionally the daily changes were impressive. Bond
prices improved during this period, the gold decision
apparently influencing the trend but little.
On February 18, the Supreme Court's long-awaited
decisions in the four gold cases upheld, in effect, the
validity of the congressional resolution of June o, 1933,
which declared that the gold clause in private and public contracts was contrary to public policy, and that all
gold obligations may be paid in present-day devalued
dollars. While the Court divided 5 to 4 and a majority
held that Congress exceeded its constitutional powers
in canceling the gold clause in United States Government bonds, the holders of such obligations were denied
the right to bring suit in the Court of Claims. The
noon-day decision became the signal for the most active security trading since July 1934 during the remainder of the day, but the gains in the more speculative
markets proved to be temporary.
Money rates continue at extremely low levels, a condition to be expected in the face of the largest gold inflow since March 1934 and excess member bank reserves
which have recently approximated $2,200,000,000.
During February, President Roosevelt issued a proclamation extending until March 3, 1937, the time in
which Government bonds may be used as collateral
behind Federal Reserve notes. At virtually the same
time the Federal Reserve Bank of New York indicated
that provisions had been made for retirement of the
Federal Reserve bank notes, aggregating $24,824,000,
which it had issued in accordance with the emergency
banking legislation of 1933.
The turn-over of member bank deposits declined
during January, due largely to the inability of debits
against accounts to keep pace proportionately with the
rapidly mounting deposits. From January 9 to February 13 the demand deposits of reporting member
banks increased $435,000,000, a reflection in large part
of inward gold movements and Treasury disbursements.
Monetary gold stocks rose to $8,452,000,000, on
February 16, a new high.
Coincident with the dullness in the security markets
for several weeks prior to the gold-clause decision, dollar exchange rates showed marked fluctuations. Toward the middle of February the buying of dollars
increased, presumably as the result of the market's
momentary tendency to speculate on a decision adverse
to the Government. On February 11 the Secretary
of the Treasury reported that since the middle of January the Treasury had made use of its stabilization fund
in managing the external value of the dollar and would
continue to do so as long as necessary. Two days
later the French franc rose above its gold export point
for the first time in approximately a month.
FINANCIAL STATISTICS
Net
gold
Total
Bond
bankSavings deposit* Stock prices,
imers' ac- ports
prices
New
ceptinMoney
(421) ;, York
New
ances cluding
!
Stand1
Stock
capital
gold
outcircui
ard
!|
Exissues
lation
standreNew
posta| I Statis- i i change
leased
ing,
York
Savties
(doend of j from
Statp
ings
mestic)
month ear: mark 2
j 1926=100|; Dollars ofThous.
Millions of dollars
dollars
Reporting member
banks, Wednesday
;
closest l to end of
Bank
month
debits
outside \
New
Year and month York Loans
A|,
InCity
vestments
!
-aH as
Average
dividend
Interest
rates,
commercial
share
paper
(600
(4-6
com- months)
panies)
Dollars
Percent
i
1929: January
1930: January
1931: January
1932: January
1933:
January
December
1934:
January.
February . _
March
April
May.- _...
June
July
August __ _
September
October
November
December
1935:
January
i 91 cities.
Federal
Reserve
bank
credit
outstanding,
end of
month
3
',
!
:
:
153 !
165 1
278
666 ;
5,669 i <
5,811 j i
5.317 '
5,064
771
750
685
613
569
534
516
520 i
539 1
562
561
543
5,669 it
9.4
521.2
» 5, 339 j
5,368 !
236.5
5,366 i
53.6
34.1
5,355 !
5,341 :!
64.7
52.9
5,350
36.2
5,355 i
-16.3
5, 427 :
11.1
5,473 1
5,494 !
120.8
92. 2 '
5. 577 i]
516
150. 5
1.279
1. 693
1, 520
6, 530
1. 484
1,209
980
1, 856
-17.8
4.5
46.3
-47.6
7,974
8,200
2, 077
2,688
707
764
37.0
2.7
4,740
4,665
4,647
4,559
4,550
4,485
4.515
4,555
4,747
4, 756
4,688
4,565
8,772
9,215
9,311
9,326
9,280
9, 723
9,889
9,906
10,017
10, 030
10, 059
10, 575
1
!
2, 630
2, 567
2, 545
2, 485
2, 463
2,472
2,462
2, 464
2, 464
2, 455
2, 453
2, 463
4, 537
10,683 |
2,46!
28. 095
25', 691
21, 697
15, 893
4, 970
6,224
12, 053
13,288
3. 751
3,620
5,031
4,765
13, 198
11, 784
14, 077
14, 278
14, 105
14, 754
13, 910
13, 420
12, 888
14, 465
13, 408
15, 701
3,609
3,520
3,514
3,577
3,476
3,529
3,358
3,247
3,047
3,051
3,017
3, 081
15, 064
3,024
1
Net exports indicated by (—).
j
!
j
3
4,74b
4.652
4,695
5,645
!'
r:
|
j:
5,411 [
4,410
4,416
4.888
5.240
i:
I!
]!
|
97.72
96.71
96. 10
80.34
918, 149
749. 644
466, 659
184, 870
3.05
2.69
1.89
943 ;
1,209 ,
49. 1 '
70.4 ;
83. 32
85.11
64, 507
57, 150
1.20
1.11
5,067
5, 076 ;
5,122
5,097 !,
5,090
5,134
5,114
5,054
5, 145
5,128
5,119
5, 154
1,201
1, 200
1,200
1,197
1,197
1,198
1,190
1,192
1, 193
1,199
1,204
I. 207
75 6
80.5
77.1
79 6
71.8
73.5
71.4
67.8
67.0
67.3
69.4
69. 2
i
88.77
90.12
91.09
92. 54
92.32
93.16
92.00
91.13
9005
91.23
91.68
92.57
47, 953
79, 121
97, 276
143, 404
102, 733
122, 506
216, 645
179, 548
43, 375
121, 903
107, 036
140,941
1.12
1.15
1.16
1.16
1.18
1.19
1.21
1.23
1.23
1.24
1.27
1.27
5,14?
1,201 |
69. 7 j
93.35
92, 097
1.28
!
1
!
;
i
i
i
185.2
156.3
112.3
58.0
!
i
;
i
!
;
43/4-5/2
3% -4
1 4-ljJ
1 -IJi
1
Gold coin reported in circulation prior to Jan. 31, 1934, was eliminated from the total as of that date.
3
/f-l
SURVEY OF CURRENT BUSINESS
March 1935
9
Foreign Trade
in January were 3 percent higher than in
EXPORTS
December, the first time since 1929 that an increase
exports of agricultural products is seen in the comparison of the statistics for January 1935 with those for the
has been reported for this period. The seasonally same month of 1934. Total finished manufactured
adjusted index of the value of exports increased from exports, valued at $74,297,000 in January 1935 were 43
42.5 percent of the 1923-25 average in December to 45.5 percent of the total export trade this year, whereas a
in January.
year ago the corresponding percentage was 36. The
The expansion in exports during January resulted proportion of semimanufactures, which were valued at
largely from an increase in the value of shipments of $27,196,000 in January 1935, increased from 14.8 perautomobiles and leaf tobacco, although increased cent in 1934 to 15.7 percent.
exports of lubricating oil, gasoline, automobile tires,
Foreign sales of motor vehicles have expanded to a
fur skins, and lard were also contributing factors. greater extent (59 percent in value) in comparison with
Exports of automobiles, including parts and. accesso- a year ago than most of the other leading semimanuries, valued at $17,208,000, were 39 percent above factured and manufactured articles. Machinery exDecember. A marked increase in the unit value of leaf ports, including electrical appliances and agricultural
tobacco exports resulted in an expansion of 37 percent implements, and manufactures of iron and steel,
in the value of that commodity, although the quantity increased 27 percent and 12 percent in value, respecexported was only 11 percent larger than in December. tively, in this period, while the value of copper exports
A number of leading commodity exports declined in increased 41 percent. Refined mineral oil exports
value during January. Outstanding among this group were 24 percent larger in quantity in January 1935
was unmanufactured cotton, which fell off 8 percent in than in January 1934, but showed an increase of only
both quantity and value. While the percentage reduc- 1 percent in value. Cigarettes, rubber manufactures,
tion was not unusually large for this period, unmanu- wood pulp, rayon manufactures, miscellaneous textile
factured cotton exports in January dropped to the low products, glass and glass products, photographic goods,
figure of 250,698,000 pounds, with a value of $32,158,- scientific and professional instruments, books and other
000. Lumber, iron and steel-mill products, electrical printed matter, and explosives and firearms were other
machinery and appliances, industrial machinery, pig- leading articles which recorded considerable improvements, fertilizers, wheat flour, and fruits were other ment. Leading semimanufactured and finished artileading exports which declined in value in January.
cles showing declines included cotton, wool, and silk
Further evidence of the trend toward expansion in manufactures, lumber, and advanced manufactures of
exports of manufactured articles and a shrinkage in wood.
EXPORTS AND IMPORTS
Indexes
'
Value Value i
of
of
total total !
Year and month
eximports, ports, !
adadjusted i justed'
Ex- !
ports,
includ- i
ing i Total
reexports
Crude
materials
SemiFruits manand i ufacprep- tures
arations
1
Total
Raw
cotton
'.
Finished
manufactures
Foodstuffs
Total
Monthly average, 1923-25=100
1929: January
1930: January
1931: January
1932: January
1933:
January
December
1934:
January
February. _.
March
April
Mav
June
July
August
September
October
November
December
1935:
January
Imports *
Exports of United States merchandise
Total
Automo Ma- biles,
chin- parts,
ery
and
accessories
i Crude Food- Semimanmaterials stuffs ufactures
Total
!
Finished
manufactures
Millions of dollars
126
106
64
39
113
95
56
42
488. 0 j
410.8
249. 6
150.0
480.4
404.3 i
31
48
29
42
120. 6
192. 6
44
47
50
50
45
50
48
49
48
45
45
43
42
42
44
42
47
44
43
39
43
39
47
41
45
51
30. 8
42.4
16.2
27.2
21.9
27.7
128.7
125.0
153.1
141.1
146.9
135.0
124.1
117.3
149.8
137.9
149.4
126.2
35.7
36.9
44.9
41.0
42.8
42.6
39.1
34.2
38.6
35.1
40.1
28.8
39.3
38.3
48.6
45.6
46.3
39.3
29.1
30.8
57.3
46.8
47.8
47.8
26.4
22.2
29.7
26.1
26.9
26.8
27.5
23.0
24.2
26.1
27.4
21.0
27.3
27.6
29.8
28.4
30.8
26.4
28.5
29.2
29.6
29.9
34.1
28.6
168.6
13.1
65.8
39.6
30.1
44.3
63.9
9.2
15.8
6.5 !
9.3
96.0
133. 5
8.4
6.8
5.5
4.4
3.3
4.0
2.9 1
7.7
7.1
9.0
5.4
5.4
25.0
24.5
31.4
29.4
26.2
27.9
28.8
29.4
29.7
28.8
30. 4
30.3
1
61.4
61.4
80.8
83.4
76.2
78.1
76.2
78.7
73.0
70.1
71.7
68.0
14.4
14.6
18.3
19.2
17.0
18.6
18.9
20.2
18.8
18.7
20.6
19.1
10.8
13.2
20.6
21.5
20.6
20.0
18.4
15.3
14.0
12.4
11.0
12.4
5.3
27 ' j
74.3
18.2
17. J
29 77
44
J6. 2
24.3 ,
4.6
8.3
172.2
169.5
162.8
159. 7
187. 5
191.0
179.4
176.5
160.2 ! 157. 2
170.6
168.0
159.2
161. 8
172. 0
169.8
189.2
191. 7
192.3
168. 5
60.4
54.2
55.3
45.9
38.0
47.0
37.2
39.7
66.4
82.9
71.7
54. 5
41.5
37.7
34.7
24.5
17.6
28.9
20.3
17.8
32.2
43.4
39.2 i
35. 0
22.7
19.6
20.1
17.8
16.8
14.9 1
17.1 1
22.1
20.1
21.9
18.5
15.7
173.6
55. S
3S>. *
16. 3
1
Adjusted for seasonal variations.
http://fraser.stlouisfed.org/
117515—35
2
Federal Reserve Bank of St. Louis
27.1
36.2
15.8 i
28.5 !
42. 2
176.2
79.2
70.6
44.9
32.5
368.9
118.6
189,8
194.9
170.7
71.0
68.0
36. 9
26.6
45.8 j
29.2 1
14.5
6.8
77 2
57! 6 i
j5. 5
23. 7 1
203.6
76.5
63.3
42.0
38.3
49.9
56.0
37. 5
11.4
^ ?
72. 5
31 2 ,
>5 1
206.4
142. 3
109.0
59.3
38.1
67. 7
214.9
50. 7
192.1
34. 6 1 117.0
18.8 '
54.7
14.9
9.3
120. 6
103. 9
58.6
49.7
245. 7
146.9 i
l
' *l
I
j
!
i
i
311.0
183. 1
135. 5
I
'General imports through December 1933; imports for consumption in 1934.
10
SURVEY OF CURRENT BUSINESS
March 1935
Real Estate and Construction
NLARGEMENT of the volume of residential conEstruction
was responsible for the gain in construc-
stantial volume of work, contributed only about a fourth
of the small volume of contracts in the public utility
field during the past year.
Building permit figures for January also reflect gains
over a year ago, in both new residential building and in
the volume of repairs, alterations, and additions. The
number of permits issued for new residential construction in 776 cities from which the Bureau of Labor
Statistics collects data was 67 percent above January
1934, while the estimated cost of the work was double
that of a year ago. Compared with December, there
was an increase of 17 percent in the estimated cost of
the work covered by all permits.
Conditions in the real-estate market are decidedly
better than a }7ear ago, according to a recent survey of
the National Association of Real Estate Boards. A
general rise in selling prices of real property, accompanying an improving tendency in rents, has recently been
reflected in a more active market for real property
after nearly 5 years of severe deflation. A shortage of
single-family dwellings has developed in more than
half of the 268 cities covered, while the greater demand
for apartments has caused a reversal of the downward
trend of rent for such accommodations. An oversupply
of office-building space exists, with rents for such properties still tending downward. Money supplies for
financing real estate operations are reported to be deficient, but conditions in the mortgage market are
better than in 1932 and 1933.
tion contracts awarded during January. The total
value of awards for the 37 States covered by the F. W.
Dodge Corporation data was about $100,000,000, substantially below the corresponding total a year ago
and moderately higher than in the like months of 1933
and 1932. Publicly financed work made up $55,000,000
of this total, compared with $157,000,000 in 1934.
Partially offsetting this decline was the gain in private
work from $29,000,000 to $45,000,000. In January
1934 awards under the public works program reached
a peak, the volume being in excess of the total for all
contracts in the opening month of 1935. During the
first half of February there was a decline in the daily
average value of contracts awarded.
Residential contracts for the first month of 1935
represented the largest volume of January work since
1932. Increases as compared with January last were
shown in 7 of 13 regional areas, the gain for the country
amounting to about 50 percent. Nonresidential building contracts were also higher than in December but
were in much smaller volume than a year ago.
Public utility construction made a relatively small
contribution to the January total. Work in this field
during the past year has been confined largely to waterworks and railroad projects. Electric light, power, and
gas plant extensions and improvements which, under
more favorable conditions, have accounted for a sub-
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Year and month
1929: January _
1930: January
1931: January
1932: January
1933:
January. _
December
1934:
January
February
March
April
May
June
July
August
September
October
November
December
1935:
January
. .
.
....
F. B. B.
index
adjusted *
All types of
construction
Monthly
average,
1923-25=
100
M
Num- Mil°Mil
ber of lions of
proj- dollars ™ «
dollars
TeT
ects
Explosives,
new Maple Oak
PubPuborders
lic
floor- floorlic
utili- works
ing
ing
ties
Millions of
dollars
Thou- Thousands of Thousands of feet, board sands of
barrels
pounds
measure
120
95
71
31
10, 189
7,587
6,911
4,659
406
324
228
85
29.3
13.8
12 2
6^9
138.1
66.6
54.4
27.5
40.0
89.9
38.6
4.6
38.9
49.7
58.1
19,5
39, 743
35,175
29, 335
19, 798
5,211
3,596
2,384
1,759
34, 914
28, 038
18, 365
11,673
5,707
4,955
4,692
3,393
22
57
3,800
7,677
83
207
3, 2
5.9
12.0
23.9
8.0
34.0
34.7
99.2
17, 971
23, 318
1,496
3,234
4,433
6,417
2,502
3,738
49
7,729
44
5,507
7,927
33
32
8,114
26 i 9,153
8,368
26
7,182
27
7,625
27
7,666
29
31 10, 013
7,505
31
5,771
.31
186
97
178
131
134
127
120
120
110
135
112
93
3,9
3.6
8.0
6.0
6.2
7.5
4.8
5.0
4.8
7.C
5.3
4.0
15.1
14.5
28.1
22.7
24.8
26.6
19.8
18.6
17.9
26.3
19.9
14.6
10.6
6.4
21.0
12.4
5.6
13.1
7.9
8.7
6.5
12.6
8.5
12.9
103, 1
46.7
71.9
57.6
51.2
44.3
31.2
41.9
43.5
52.6
43.8
37.2
28, 504
25,584
27, 725
26, 958
24, 231
24, 812
23,384
26,063
25, 489
26, 892
25, 108
22, 635
3,665
3,665
4,643
4,303
4, 512
3,573
4,421
4,279
3,386
3,408
3,005
2,668
5,137
8,112
13, 711
9,476
9,813
7,965
7,713
9,041
9,003
10, 095
9,533
6,964
6,458
100
5.5
22.4
8.7
35.7
29,147
3,302
8,676
27
3
Residential
building
Highways
under
construction
(National
IndusCetrial
ment Becovery
Act)
Building-material
shipments
Construction contracts awarded
Based on 3-month moving average and adjusted for seasonal variations.
Thousands of
dollars
Construction
costs,
Eng.
NewsBecord?
Longterm
realestate
bonds
issued
Home
Loan
Bank,
loans
outstanding
Monthly av- Thousands of
erage,
dollars
1913=
100
209.4
209.0
194.5
162.5
61, 065
23, 363
4,520
1,075
159, 575
158.4
192.1
0
0
3,896
88, 442
3,778
2,952
4,618
6,492
8,784
8,541
7,898
8,249
7,388
8,439
5,674
3,104
197, 088
216, 291
239, 974
269, 229
288,460
283, 506
267, 509
231, 554
203, 027
179, 453
159, 599
147, 807
191.3
194.0
194.0
195.9
199.6
199.6
199.7
198.4
200.6
200.9
201.4
201.9
0
0
0
0
0
0
400
0
0
0
0
0
92, 497
94, 040
93, 125
88,922
86, 842
86,248
85,723
85, 519
86, 647
87, 446
87, 714
87, 258
2,846
145, 639
198.7
0
82, 585
2 Index is as of first of month. Feb. 1, 1935, 196.0.
11
SURVEY OF CURRENT BUSINESS
March 1935
Transportation
For the calendar year 1934, total operating revenues
increased 5.7 percent and total operating expenses 8.5
percent. Taxes decreased 4.1 percent. The rate of
return on property investment declined slightly for the
year to 1.77 percent from 1.80 percent in 1933. Freight
revenue increased 5.6 percent during the year and passenger revenue 5.1 percent. Thirty class I railroads
operated at a loss in 1934, of which 8 were in the eastern, 8 in the southern, and 14 in the western district.
The foregoing financial results explain the failure of
the railroads to place large orders in recent months for
either rolling stock or rails. Orders for 24 freight cars
were the only commitments made by the railroads in
January according to the reports in the Railway Age.
A slackening in activity in the railway equipment building industry occurred during January, due to the completion of some large locomotive orders. Very little
change was evident in the car building branch, or in
the work carried out in railroad repair shops. January
pay rolls in the car building industry were about a
third of the 1923-25 average; in the locomotive industry they were about one-eighth of that average, while
in railroad repair shops pay rolls were considerably less
than one-half of the total in the base period.
Railway employment in January declined for the
seventh consecutive month, but after adjustment for
the usual seasonal change the index of employment
increased in January, as it did in December. The index
is currently at 56.7 percent of the 1923-25 average.
cars loaded during the first 2 weeks
FREIGHT
of February exceeded the corresponding total for
1934 by 5 percent, but for the week ended February 16
they were 3 percent below the loadings of a year earlier.
For the first 7 weeks of the year loadings were approximately the same as in the corresponding period of 1934.
During each of the first 3 weeks in February loadings
were more than 70 percent of the average for the like
weeks of the past 15 years. From the week ended
June 30, 1934, until the close of Januan^ this year,
there were only 2 weeks (in December) when this percentage exceeded 70.
Freight-car loadings increased in January by the
usual seasonal amount, the adjusted index of the Federal Reserve Board remaining at 64 percent of the average loadings for 1923-25. Of the 8 classes of freight, 5
declined during the month, on an adjusted basis, and
3 increased. The month's changes varied from an increase of 11 points in coke to a decline of 9 points in
livestock. Each of the three major freight classifications—coal, 1. c. 1. merchandise, and miscellaneous—
showed but little change during the month.
Although operating revenues of class I railroads in
December were only slightly higher than in November,
the decline in expenditures permitted a sharp increase
in net operating income. The latter was about 3 percent above the total reported for December 1934. The
traffic data for January indicate a moderate gain in the
gross operating revenues of the carriers for that month.
i
F. K. B. index j
13
OR
w
«
Year and month
-f
:
-
i
13
1
15
*
C
3
3
•e
•ojg
|fiw
! E
| <
•a
1
i
«
1
Monthlv averi age, 1923-25=
1
100
1929' Januarv
95
108
1930' January
89
100
1931' January
74
82
1932' January
58
64
1933:
January
•
51
56
December
i
56
63
1934:
January .
j
58
64
February
'
61
64
March
63 ! 66
April
. .
60
62
May
63 j
63
June
«
64
64
July
63
61
August
63
59
September
67
59
October
64
57
November
60
59
December
i
56
64
1935:
January
58
64
http://fraser.stlouisfed.org/
Federal Reserve Bank
of St.
Louis
* Dailv
averaee
basis.
1
1
c«3
fl
*c3
O
BB
1
X
1
«
I
|
2
0
i
Freight-car surplus
Freight-car loadings
Thousands of cars *
Pullman passengers carried
RAIL AND WATER TRAFFIC
Financial
statistics, class
I railroads
Thousands
Thousands of
dollars
o>
>
ll
«
ii
|1
Canal traffic
1
is
j
OQ
•a
&
00
11
•§«
0>
p.
3
««
rt
§
9
QC
Thousands of
short tons
892.9
867.7
718.3
566.7
202.4
202.3
157. 4
115.2
12.1
11.5
9.0
5.7
54.2
47.5
33.1
18.4
45.5
40.1
40.7
31.0
29.5
28.4
25.6
22.1
229.0
232.8
207.0
186.6
8.9
8.1
5.2
2.9
311.2
297.0
240.3
184.8
278
393
647
742
2,836
2,760
2, 203
1,643
481, 648
446, 261
361,843
272,116
75, 682
54, 676
33, 580
11, 182
0
0
0
0
0
0
0
0
481.1
517.4
108. 6
116.0
5.2
6.7
13.9
18.4
26.7
26.0
17.2 153.4
15.1 148.8
1.9
2.9
154.1
183.5
692
463
1,158 226, 555
1,333 245, 347
13, 585
37, 726
0
172
0
0
545.8
577.2
611.8
583.7
610.4
615.6
586.6
605.0
628.5
632.9
588.3
518.4
131.1
143.8
145.9
100.3
106.8
100.3
93.2
95.9
116.1
121.0
123.6
122.9
10.' 1
8.9
5.8
6.8
6.8
4.4
4.1
5.2
5.6
5.4
6.0
18.4
21.8
23.7
24.2
25.1
24.6
20.8
22.3
22.0
22.4
21.2
18.3
29.2
30.1
29.6
26.5
28.1
34.9
42.7
40.1
34.8
30.6
27.8
25.1
17.5
15.3
13.4
16.3
16.2
15.4
22.2
30.9
34.1
28.5
22.5
16.3
153.8
156.9
165.5
166.0
164.9
157.7
153.2
159.6
159.3
163.2
160.1
144.2
3.1
3.1
3.7
7.4
20.7
33.1
31.3
29.0
24.4
17.1
6.5
3.1
185.0
196.2
221.0
237.4
241.6
242.7
218.7
223.1
232.5
244.5
221.3
182.5
434
375
357
368
355
343
348
359
318
328
381
395
1,306
1,132
1,227
1,212
1,122
1,303
1,280
1,403
1,354
1,265
1,131
1,371
258, 006
248, 439
293, 178
265, 391
282, 024
282, 779
275, 984
282, 679
275,511
292, 903
256, 967
257, 506
30, 931
29, 281
52, 038
32, 265
39, 495
41, 836
35, 221
39, 677
41, 020
48, 625
31, 583
38, 730
0
0
0
13
5, 745
7,901
7,522
6,990
6,145
5,006
2,627
300
0
0
0
140
550
557
519
627
465
726
559
0
542.6
137.6
7.8
18.7
24.0
14.5
144.1
2.7
193.2
342
1,359
264,213
21,349
0
0
* Adjusted for seasonal variations.
3 American vessels, both directions.
4
Average weekly basis.
Thous.
of long
tons
846
979
1,119
1,038
1,008
835
770
12
SURVEY OF CURRENT BUSINESS
March 1935
Automobiles and Rubber
schedules in the automobile indusPtryRODUCTION
have been steadily advanced throughout February, with the result that the production goal of
1,000,000 cars and trucks set for the first quarter may
be easily achieved. With domestic production in the
first month of the year exceeding 290,000 units, the
year's output by the first of March is expected to be
close to 650,000. This represents the highest production for this period of the year since 1929 when production amounted to 867,000 units.
Gains of the magnitude witnessed recenthr have resulted in a quickening of activity in allied industries.
Pressure for immediate delivery of parts and materials
has continued, but shortages have not interrupted production schedules except in unimportant instances.
Employment throughout the industry has expanded
rapidly; in January there was an increase of 22 percent
in the number employed and approximately the same
relative increase in pay rolls. The rising trend has
continued during February, with Detroit employment
up 9 percent over the mid-January figure. The number employed in Detroit factories is back to the level
of the spring of 1930.
With large accumulated retail orders on hand, cars
have been delivered as rapidly as permitted by the production schedules arid the need for taking care of dealers' display requirements and the export demand. An
unusually high percentage of the cars produced so far
this year have been delivered to consumers, or exported,
relatively few being retained for display arid demonstration purposes.
The value of domestic sales of new passenger cars
was sharply higher in January than in December, after
allowance for the usual seasonal increase. Compared
with a year ago, the value of cars sold more than
doubled. A further substantial gain in the adjusted
index of sales is anticipated for February. Exports of
cars and trucks during January were the largest for
this month since 1930.
Production of trucks so far during 1935 has been at
a higher rate than in 1929. In the opening month of
the year the number of trucks produced was 63,566,
compared with 53,428 in 1929. February production
in the earlier year was only 60,247, so that the final
January-February production figure will exceed the
comparable 1929 figure by a considerable margin. It
may be noted that the number of light vehicles currently produced probably represents a considerably
higher proportion of the total than in 1929.
An improved trend of production during January
was evident in the major rubber industries, with the
exception of rubber footwear. With the exception of 1
month in 1929, 2 months in 1933, and 1 month in 1934,
consumption of crude rubber was the largest on record.
World stocks of crude rubber were slightly higher
at the end of January than in December; they were
about 5 percent higher than a year ago. Crude prices
have been erratic, reflecting to an exaggerated degree
the fluctuations in foreign exchange rates. The price
dropped below 13 cents a pound in the week ended
February 16, but improved slightly in the following
week to close above that figure.
AUTOMOBILE AND RUBBER STATISTICS
I
United States
!
PasF.H.B.u
m
**?> || Total | senYear and month
ger
cars
justed 1
1929: January
1930: January
1931: January
1932: January
1933:
January
December
1934:
January
February
March. _
April
May _
June
July _. .
August
September
October
November.
December .
1935:
January
| *a*g£™* jj
Automobile production
Monthly av- '•
erage,
192325 = 100
;
i
.
j
i
II
i! senger !
!
II
™
ii
'
i1
!
M
Number
1
;
ii
I'
i1
',!
:
'.
'
,'
104 i;
401
273 i
172
119
346
23}
138
99
2,061
967
97
53, 428
3(), 406
33,531
20,511
129
81
I'O
49
5
1,299
1
i
1
i
1
j
|
113
188
275
289
274
262
224
184
124
85
46
128
321
27
16
1
0
0
0
0
0
0
6
115
293 i
229
157
232
331
355
332
308
267
235
169
132
78
183
http://fraser.stlouisfed.org/ 1 Adjusted for seasonal variations.
Federal Reserve Bank of St. Louis
1
!
j
i
(3)
!
™l-CTge':
21,501
10, 3v>
f>, 196
3,731
2i.t)li
1" 2y.i
\ 5v%
4,174
13, i,12
12,876
4,612
2.515
219,76,')
179,885'
126, 7V>
87, 493
90. S
74. 1
47. 3
31.2
138 5
110.5
70.5
45. ">
18, 992
29, 776
3, 358
3,262
7, 059
3,066
3, 0*>2
6,460
79, 845
58,621
!
18. 1
17.3
U.O
-0.5
43, 255
44, 041
56, 525
65,714
57, 887
46, 213
42, 708
51,310
44, 962
47, 988
32, 909
55, 128
6,904
8,571
14,180
18,363
20,161
13,905
11,114
9,904
5,579
3,780
1,697
2.732
|
22.8
45.7
68.4
87.9
78.1
84. 6
73.9
63.1
51.9
47.3
39. 2
27 7
33.5
54.5
64.5
59.0
55.5
63.5
67.0
56.0
53.0
59.0
63.0
49.0
03, 588
10,607
144,333 |
54.2
79.0
\\
jj
i!
ii
i;
'
'i
;i
i
!
!
;l
3,685
8,872
16,141
16,509
16,058
18,071
17,621
12,522
10,236
8,040
9,208
8,279
11,035
•
i
7,573
6,039 \
10,076 j
i 10,758 ! j
'
8,612 j;
:
6,816 \\
:
6,338 ! j
i 7,305 i|
i
7,530 i |
!
7,512 h
i 7,072 ' ;
7, 141 ;•
!
6,591
61,242
94,887
173,287
222,900
219, 163
223,642
228,760
193,828
146,931
140,880
107,648
75,514
3 note on p. 51. January 1935 figures are preliminary.
'
i
i
|
!
1
rmrtp rubber
mhhor
Crude
DoD
World
Pm
°- imcstic
r™" mestiCji con- Im- stocks,
«"„
ship- i sump- ports end of
tion
month
ments tion,
! total
!i
i
48 .
45
_
Canada'
Pneumatic
;
tires 2
Unad- AdPa
r !
r
Tari- Trucks i Total
Sr
^ "! justed justcd*
T 4 | .^! » ~
; ^ucl^ | tions
cabs
Thousands
142 ';
97 l
63 .,
45 ; '
56
71
78
85
78
82
78
61
51
41
37
105
ii
Newcar
passengersales
New
Thousands
i
Long tons
I, 042 ]
o.oVJ
2,940;
2, 770 ;
i, 721
-3,318
2, v>3
2, 5 15
3\ 702
33,002
26,272
25, 725
57, 5^»
47. 9 n i
36. 59S
33, 552
625! 2°'»
1 , V )h
2,466
2,011
2,726
10, 928
25,306
30, 663
40,751
614, V!
644, V»S
35,159
36,548
43,329
40,902
39,571
36,620
30,035
30,312
27,317
28,526
31,358
32,996
49,088
35,220
42.253
45,175
49,901
48,748
; 42,674
; 32,700
]
32,010
!
29,240
' 37,212
18,171
643, 355
652. 690
653, 000
647, 993
659, 865
660, 699
672, 312
663, 761
668, 814
669, 557
672, 852
670, 000
42,864
40,523
874, 01)0
3,804
;
4,205
i! 5,025
i 4,627
:
4,323
;
i 4,212 i
ii 3,252
!i 3,427 :
ii 2,848
ii 3,188
!
3,241
: 3. 665
3,043
3,106
3,966
4,212
5,049
4,956
3,954
4,091
2,993
2,834
3.026
2,921
:i
,
1
i
•
i
i
1
i
!
!
:
j
i
i
i
1
2%, 270
AM, 04 1
3 Included with passenger cars. See footnote on p. 54,
SURVEY OF CURRENT BUSINESS
W a t c h 1935
13
Forest Products
RODUCTION of lumber has continued on a low
Plevel
during January and February. Output so
far in 1935 has been only slightly in excess of the
comparable period of 1934. Shipments and new
orders, however, have been substantially above a
year ago. The former have been 19 percent above
production and has exceeded last year's shipments by
34 percent. New orders have also exceeded production
by a substantial margin, although the ratio of orders
to production has been receding as the rapid increase
following the suspension of the minimum price provisions of the code gradually gave way to more normal
purchasing.
According to a report of the Timber Conservation
Board, the anticipated lumber consumption for the
first quarter of 1935 will be 3,756,000,000 feet. This
represents an annual rate of 16,000,000,000 feet which,
if realized, would be more than the consumption in
any one of the three preceding years. This estimated
increase in consumption is based on the anticipated
increase in public and private activity in housing,
repairs, modernizing, and general construction. The
report also pointed out that aggregate gross stocks
have been reduced since August 1, 1934, by approximately 680,000,000 feet; stocks are still high with
relation to current consumption.
Wholesale prices of lumber for the month of January
declined to 79.9 percent of the 1926 average from 81.2
in December; the moderate downward tendency
persisted during the early weeks of February. It is
impossible to judge whether the suspension of the code
minimum prices in December 1934 has been an important factor in this movement. Reports from the
various lumber regions do not indicate any uniformity
of change, although the tendency seemed to be to hold
prices at or close to the previous minimum quotations.
Employment and pay rolls in the lumber and allied
products industry declined during January, but by less
than usual for the period. As compared with the same
month in 1934, employment was 3 percent higher while
pa}^ rolls were up 16 percent. Increases in pay rolls as
compared with a year ago were reported for all groups;
the gains varied from 23 percent for th^ furniture industry to 4.6 percent for the naval stores industry.
Production of paper in January showed little change
from the December total when the industry (exclusive
of the paperboard group) operated at approximately
62 percent of capacity, according to code authority
data. The trend of production during the year 1934
was less erratic than in 1933. Two peak periods of
production occurred during the year, the first in April
when operations reached 61.5 percent of capacity, and
the second in October when the rate increased to 64.7
percent, following a recession to about 54 percent in
the summer.
Domestic production of newsprint in January was the
.highest since June 1933. Canadian output, however,
was slightly less than in December but was the highest
January output since 1930. Shipments of newsprint
from mills in both countries declined in December.
FOREST PRODUCTS STATISTICS
Car loadings'
Lumber production
Year and month
Total
adjusted i
Monthly average
1923-25 =
100
1929: January
1930: January
1931: January
1932: January
1933:
January
December
1934
January
February
March
April
May.
June
July
August
September
October
November
December.... _ 1935:
January
CaliDoug- South- Southern
fornia
las
ern
hardredSr
pine
wood
wood
Employment
F
nT" ! SawtCr'e, ! «jjj{f >
Unad- AdJust- just-
ed
edi
juttedip ustodl
Millions of feet board measure
Pay roll s
Turpentine
and
rosin,
unadjusted
Newsprint
Unadjusted
Furniture
j Coni sump-
Tur- i tioii
by
Saw- i penpubmills i tine
and ! lishrosin |
Monthly average, 1923-25=100
Imports
Production
ers
fcjhort tons
i
i
94
74
48
O;
'i
310
200
160
99
251
165
80
308
251
143
68
26
32
04
111
85
96
60
135
1?
34
29
38
33
33
31
29
36
32
29
26
29
109
132
151
153
132
77
70
144
141
129
123
103
106
112
124
117
118
108
99
99
98
102
96
79
124
128
120
135
116
146
116
101
105
98
90
86
20
23
25
24
26
26
21
26
25
28
26
21
33
111
100
1
30
41
110.4
102. 3
77.2
67.3
86.2
81.4
48.8
28. 9
97. 0
76. 7
93.6
60. 2
44. 0
38.6 "~47.~8~
15.8
34.6
22
31 •
f.3. 6
63. 8
24.1
34.0
70. 0
107.7
26. 1
40. 1
30
30
32
31
33
33
30
62.2
63.0
64.1
63.0
64.5
64.7
64.9
62. 8
63.0
61.2
60.7
62. 9
32. 1
32.7
33.7
34.5
35.6
34.2
33.1
33.0
33.0
33.3
32.6
32.2
97.8
98.6
101.4
101.2
102.4
98.6
97.3
98.3
96.2
89.3
92.4
92.9
31 ! 66.4
32.4
95.6
78 :
65
45 :
86
73
51
20 ;
26 ;
26
31
33
33
35
34
30
14
20
Adjusted for seasonal variations.
!
i
!
|
:
31 :
31
31
29
26
;
i
;
j
28 1
i
i
i
1
:
i
29 i
30 i
30 !1
30
32 i
183, 502
i 176, 162
160, 660
151, 181
196, 882
198, 620
1 75, 065
166, 516
123,822
124,851
101,194
94, 389
10. 5
20. 0
31. 9 | 127,446
48.9 : 118, 427
130,917
168, 787
74, 422
80, 895
35.3
40.5
41.1
40.3
40.5
41.2
39.3
42.7
44.6
47.2
44.5
45.9
17.4
19.1
20.7
22.5
24.2
23.2
20.9
22.1
22.3
22.6
21.3
20.0
50.4 140, 955
51.7 153, 958
46.2 156, 721
53.7 160,815
51.4 193, 088
51.0 154, 175
50.3 150, 500
51.3 , 145, 095
52.2 151,900
45.1 168, 372
47.9 172, 287
50.2 165, 496
168, 752
124, 584
168, 839
196, 490
204, 036
200,004
197, 227
171, 390
159, 944
201, 146
194, 392
222, 897
83, 181
71, 544
84, 966
80,605
89, 726
82, 260
74, 017
79, 971
74,120
80, 562
74, 851
79, 777
43.5
19.1
52.7
157.870
160.973
80, 66S
107 3
1
79 ft
Of forest products.
14
SURVEY OF CURRENT BUSINESS
March 1935
Iron and Steel
T
HE rapid rise in the output of steel ingots culminated in the week ended February 2 when
the rate of operations reached 54 percent of capacity.
The recession in production in the succeeding weeks
carried the rate of output to about 48 percent of
capacity in the week ended March 2. Production
for the month of February was in excess of 50 percent of capacity, according to the weekly estimates,
compared with 47.67 percent in January.
The increase in steel-ingot production in January
of 35 percent, on a daily average basis, represented
a greater-than-seasonal gain. The relative increase
over a year ago was about the same as that reported
for December, or about 44 percent. The spurt in
production during January reflected the heavy demands for steel from the automobile industry, which
has been operating at the highest rate since June 1934,
as wrell as large purchases from miscellaneous sources.
While the railroads released some rail tonnage and
bought a small amount of materials for repairs, the
total volume of orders from this source has been small.
Shipments of steel sheets, which have been required
in large quantities by the automobile producers,
were 45 percent larger in January than in December.
Sheet mills have been operated in excess of two-thirds
of capacity, and some units producing automotive
sheets are booked to capacity for the entire first
quarter. No definite indications are available of an
excessive accumulation of steel inventories by the
automobile industry as a whole, although certain
producers are understood to have protected their
present high schedules by anticipating a part of their
requirements ahead.
Shipments of finished steel by the leading producer in January were about 28 percent above December, and were much heavier than in January 1934
when stocking in the preceding quarter cut shipments to about half of the preceding month's total.
The volume of machine tool orders in January was
slightly less than in the preceding month, due to the
drop in foreign orders which were unusually high in
December. Domestic sales were the same as in December; in that month such orders were the best
since 1930.
While prices for finished steel for the second quarter
have not been announced by the code authority,
trade sources indicate that no major changes from
existing quotations have been included in the prices
filed to date.
Finished steel statistics for 1934, issued by the
code authority, indicate the varying degree of improvement in the output of individual products.
Outstanding changes in production were in heavy
structural shapes, the production of which increased
30 percent to 1,140,000 tons; in standard rails which
were up 163 percent to 906,000 tons; and in sheared
and universal plates which showed a gain of 38 percent to 1,261,000 tons. The statistics of light rolled
products were featured by a drop of 11 percent in
tin plate and a rise of 17 percent to 3,715,000 tons in
sheet production. Production for export was reported
as 900,000 tons in 1934, compared with 573,000 in 1933.
IRON AND STEEL STATISTICS
General operations
Year and month
Production,
adjusted i
Employment,
adjusted'
°s?eeTd
Pay
rolls, Exunad- ports
justed
Monthly average,
1923-25=100
1929: January _ _
1930: Januarv
1931: January
1932: January..
..
1933:
January
__
December.-.
- _. _ _ .
1934:
January
February. . ._
_. ..
March
April
May. __
June
July
August .
September.
October
November
December
1935 :
January
_
Ir
Pi
S|ron
*£
Thousands of long
tons
Furnaces
in
blast
Number
Steel ingots [| Steel sheets) United
Prices
States
!|
Steel
Corporation, Iron Steel
finished
Proand billets, Steel Finished
Shi
prod- steel, Besse- scrap steel,
duc- Per|inents
mer (Chi- comders
ucts, comtion cent
ship- posite 3 (Pitts- cago) posite
of
burgh)
ments
capacThou- ity
Dollars
sands
Thousands of Long
Dollars per long ton
per 100
of long
tons
short tons
pounds
tons
o??
»;
126
107
71
44
101.3
97.8
76.5
60.6
102.3
92.7
62.0
36.3
273
224
93
41
55
44
42
31
3,442
2,827
1,714
973
202
172
102
61
4,500
3, 778
2,512
1,485
85
70
44
26
438
382
181
121
362
242 1,104,168
170 800, 031
113 426, 271
35. 94
35.19
31.69
29. 65
33. 00
34. 00
30.00
27.75
15.25
12.69
10.22
7.50
2.46
2. 22
30
60
47.8
67.6
22.8
43.7
57
185
22
31
569
1,182
45
75
1,017
1, 799
18
33
76
110
79
112
285, 138
600, 639
28.17
31.01
26. 00
26. 00
5.25
8.94
IS
56
63
66
76
84
85
47
38
37
41
48
64
64.9
66.4
69.1
71.5
74.3
76.3
71.4
68.8
65.4
65.6
66.4
67.7
41.1
45.7
51.3
56.8
61.3
62.6
47.6
45.5
41.1
42.8
44.2
47.6
178
151
261
202
242
219
233
243
301
220
299
283
23
25
38
27
29
25
18
32
24
20
35
20
1,215
1,264
1,620
1,727
2,043
1,930
1,225
1,054
898
951
957
1,028
87
89
96
110
117
89
75
62
62
65
59
69 |
1,971
2,183
2,761
2,898
3,353
3,016
1,473
1,364
1,252
1,462
1,589
1, 942
33
41
46
53
56
53
27
23
23
25
28
35
209
184
158
272
246
115
73
66
77
103
133
193
131
147
201
184
241
302
85
78
73
95
109
142
331, 777
385, 500 i
588, 209
643, 009
745, 063
985, 337
369, 938
378, 023
370,306 !
343, 962
366, 119
418,630
31.15
3L30
31.38
32.67
32.97
32.96
32.32
32.24
32.15
32.10
32.15
32. 39
26.00
26.00
26.00
26.75
29.00
29.00
27.40
27.00
27.00
27.00
27.00
27.00
10.50
11.00
12.13
11.75
10.95
9.75
9.55
9.19
8.50
8.75
9.25
10. 31
2.31
2.31
2.31
2.40
2.53
2.53
2.46
2.44
2.44
2.44
2.44
2. 41
79
69.3
51.6
363
23
1,477
89
2,834
48
322
206
534,055
32.58
27. 00
11.80
2.44
1
Adjusted for seasonal variations.
J
Black, blue, galvanized, and full finished.
8
See table on p. 19 of the January 1935 issue.
2 55
15
SURVEY OF CURRENT BUSINESS
March 1935
Textile Industries
T
increased about 25 percent over December. About
one-half of the increases in both consumption and
machine activity as compared with December can be
accounted for by seasonal factors. Weaving operations also expanded during January, the increase in
gray goods produced amounting to about 7 percent.
New orders were less than production and were also
considerably less than a year ago. Finishing operations increased only slightly during January. Stocks
of printed, dyed, and bleached goods remained about
the same as at the end of the year.
The less-than-seasonal increase in silk deliveries,
already referred to, was accompanied by small increases
in silk throwing activity and silk cloth output.
In January, deliveries of nonacetate rayon reached
an all time high. The steady increase in the production
of rayon during recent years is due mainly to shifts in
the relationships existing between the prices of textile
products and the improvement in rayon fabrics.
Wholesale prices of textile products have changed
very little on the average so far during 1935. For the
week ended February 16, the index stood at 69.7
percent of the 1926 average, the same as the figure for
the final week of December. Prices of both woolen
and cotton goods have declined, while the average
price of silk goods has been unchanged. Raw silk
prices have been steady, following the marked increase
in the final quarter of 1934.
EXTILE manufacturing activity increased in
January, the seasonally adjusted index of production advancing to 102 percent of the 1923-25 average,
a gain of 5 percent over Decembar. Most of this gain
in the index can be attributed to the cotton manufacturing industry which reported an increase of 7
percent in cotton consumption, on a seasonally
adjusted basis, and to a further increase in activity in
the manufacture of woolen goods. While some
improvement was also noted in the silk industry, the
seasonally adjusted index of silk deliveries declined
15 percent below the December figure. This decline
probably was in the nature of an adjustment of mill
supplies since the December increase was exceptionally
large. In that month the adjusted index of silk
deliveries increased 26 percent over November.
The increase of production in the woolen industry in
recent months has been particularly noteworthy.
Consumption of wool and wool machine activity
increased sharply during the final quarter of 1934.
Although there was not much change in wool consumption in January of this year, machinery activity
continued to expand, approaching the levels reached
in the summer of 1933.
January consumption of cotton, which was the
largest since August 1933, exceeded consumption in
the preceding month and in January 1934 by 32 and
8 percent, respectively. Spindle activity in January
fear and month
Monthly average,
1923-25=
100
1929: January. .
1930' January
1931: January
1932' January
1933:
January _
December
1934:
January
February __ _
March
April
May
June
July
August
- _
September
October
November
December
1935:
January.. -
'<
Cotton,
raw
Cotton and manufactures
s£
|
1 i 1
Is
P
5«
A3
a
i
Running
bales
Cotton cloth
finishing
»
»c£
i
•w*"
c
"&>
oc
ۤs s-s
I lea
Millions of
spindle
hours
Thousands of
yards
9,227
668, 286.
576, 160
450, 117
434, 726
87
78
470, 182
347, 524
6,791
87
91
94
90
88
77
78
81
64
90
87
97
508, 021
477, 046
544, 870
512, 594
519, 299
363, 262
359, 951
420, 949
295, 960
6,973 99,901 106, 280
6,692 104, 920 104, 949
7,706 131, 426 99, 614
192
li1
I
Month-
116
103
86
89
i
8,176
6,365
6,213
5,080
if
86, 517 137, 661
ly av-
erage,
1926 =
100
s3
R
o>
c
1
5ft
3
Percent of active hours
to total reported
69
53
49
51
91.4
84.9
73.7
63.3
57, 349
57, 683
55, 910
58, 793
50.1
85.5
35, 510
33, 570
59
54
56
46
36
27
59
57
53.4
84.3
46, 204
26, 959
35, 968
34, 348
36, 119
29, 889
28, 213
26, 213
27, 254
28, 495
23, 467
34, 065
44, 858
57, 065
70
76
75
70
68
71
71
72
45
63
66
71
52
48
44
39
40
29
31
26
21
35
48
65
34
39
38
40
41
30
26
24
18
34
29
26
67
69
68
55
56
54
53
51
28
45
48
63
84.3
84.3
84.0
82.0
81.0
80.8
80.7
78.9
78.0
74.9
74.1
74.0
40, 942
39, 021
44, 080
37, 392
38, 740
33,069
32, 021
36, 247
32, 599
49, 106
37, 548
40, 941
85
74
28
81
73.8
47,443
;
Operations, machinery activity
*°i H
M~
M*
cS
c€
U
oc «
st%
HB
III
V*
Monthly av- Bales of Percent of active hours Dollars
per
erage,
133
to total
1926 = pounds
pound
100
63
50
28
25
84. 1 j 58,370
Printed only.
<u
•«
. ?
69
55
52
53
7, 510 118,070 100, OOS
1
£
a
3
s
1
1
82
62
48
52
546,787 '
1
Adjusted for seasonal variations.
33
*
3
54, 031
43, 627
33, 856
34, 253
6, 027 107, 379 107, 585
6,703 114, 139 111,758
Looms
Silk
as
100.4
94.7
73.5
55.8
3,716 90,772 101,083
7,185 126, 384 108, 830
83, 414 118, 034
75, 833 109, 756
84, 499 101, 057
•o&
1
Thousands
of
pounds
477, 060
413, 535
5,753
!
ft
520,310
7, 259 122, 951 106, 388
5,241
5,152
Spinning
spindles
C
o
86.5
88.6
89.1
88.2
86.3
86.0
85.1
86.4
87.8
86.6
84.4
84.3
7,268 114, 803 107, 128
Wool manufactures
Wool
W h o l e s a l e price,
woolen and worsted
goods
Production index, adjusted i
TEXTILE STATISTICS
• Grease equivalent. See note on p. 54.
4.998
4.630
2.807
1.953
46.2
29.1
39.2
1.305
1.416
52.8
64.3
62.3
54.9
37.9
45.8
42.7
4L7
25.0
48.1
32.0
37.0
36.6
35.8
29.0
25.6
24.9
29.7
18.7
56.0
62.5
59.7
48.6
31.5
40.0
41.5
40.3
28.0
43.2
44.4
46.5
1.453
1.550
1.405
1.318
1.284
.199
.139
.133
.125
.185
1.292
1.358
52.1
1.348
* Twisting spindles.
16
SURVEY OF CURRENT BUSINESS
March 1935
Shifts in Manufacturing Industries
By M. Joseph Meehan, Editor, Survey of Current Business
in mind that in 1929 the figure represents the value of
product shipped or sold during the year whereas in the
other years it represents the value of production at
manufacturing production and in aggregate employ- current prices.
ment and pay rolls, provide some interesting facts conIt should be noted that the actual decline in the
cerning the varying extent to which individual indus- number of manufacturing establishments has not been
tries have been affected by prevailing conditions. The as great as that indicated by the chart. The census
census report l also disclosed that while the statistics enumerations for the periods covered do not include
on industry as a whole in 1933 reveal a sharp reduc- those establishments producing goods to the value of
tion from the 1931 results, some industries were able less than $5,000. A considerable number of establishto report considerable gains between these 2 years and ments with a value of product of $5,000 or more in 1929
some few industries reported improvement over 1929. dropped below that figure in subsequent years, and
According to the census figures, the shrinkage in hence were not included in the census enumerations.
manufacturing production between the last 2 census Also, the number of idle plants increased as production
years was not exaggerated by the available monthly of those companies with multiple plants was condata on production and the price trend of manufac- centrated in the more efficient units. The fact that
tured goods; rather the actual decline in the value of such establishments, which were actually operating,
manufacturing output between 1931 and 1933 was were omitted has no particular bearing oa the employsomewhat greater than is indicated by estimates based ment or vahie-of-product data since, if available, they
on these data. The major trends over the period 1929 would constitute only inconsequential fractions of these
to 1933 may be readily grasped by reference to the ac- totals.
companying charts.
The "value of product" figures, as reported by the
As a result of a variety of causes, over which the Bureau of the Census, include a large amount of dupBureau of the Census had no control, the coverage for lication. The Bureau of the Census has estimated that
1933 was not quite complete for some industries; this the net value (at f. o. b. factory prices, not retail prices)
did not affect the figures to any considerable degree. of finished manufactured goods in the form in which
In comparing the 1933 figures on the value of product
with those for 1929 and 1931, it should also be borne they reach the consumer, was about two-thirds of the
gross value of product reported by the census, or approximately $21,000,000,000 in 1933.
TATISTICS recently issued by the Bureau of the
Census, in addition to affording comprehensive
S
data as to the extent of the decline in the total value of
RELATIVES —
I2G
1929-/OO
100
20 —
1929-193!* 1933
1929* 1931 -1933
I929-I93H933
1929-1931-1933
NOTE.—Figures cover establishments with a value of product of $5,000 or more.
Comparison of Summary Data from Census of Manufactures
I929-I93H933
(0.0.33/3)
SURVEY OF CURRENT BUSINESS
March 1935
Changes by Industries
In order to bring out some of the more significant
changes by industries, two special tabulations were
prepared. One of these, showing the percentage change
in the value of products, by industries for the period
1929 to 1933, permitted the peparation of the frequency
distribution table (table 1). The other was a tabulation of those industries which reported a larger value of
product in 1933 than in the preceding census year, 1931
(table 2).
Table 1 brings out the fact that while the decline
from 1929 to 1933 for the 295 industries for which comparable data are available was 56 percent, the changes
for individual industries ranged from
large increases in
the alcoholic beverage industries2 to declines exceeding
90 percent for the locomotive (other than electric),
not made in railroad repair shops, sand-lime brick, and
lapidary industries.
Table 1.—Manufacturing Industries grouped according to Percentage
Change in Value of Product, 1929 to 1933
Number of
industries
Percentage group
Increases:
Over 30
20-30
10-20.
0-10
Declines:
0-10
10-20 20-30
30-40
40-50
50-60.
60-70
70-80
80-90
90 and over.. _ _
. .
._ .
. _.. _
Total of above industries
Total of other industries *
Total of all industries
Value of products
(thous. of dollars)
1929
1933
1
1
3
2
2,448
20, 351
186, 441
171, 577
24, 084
26, 373
215, 906
179, 690
1
4
19
30
67
65
55
32
12
3
18, 326
263, 827
2, 543, 120
5, 088, 040
18, 480, 167
12, 086, 619
11, 312, 300
15, 063, 609
2, 490, 835
98, 771
18, 233
227, 056
1, 879, 970
3, 139, 969
10, 150, 308
5, 467, 100
4, 024, 265
4, 056, 174
398, 439
7,955
Percentage
change
which includes one-third of the 1933 total value,
reflects a drop of 45 percent. The industries in the
highest three groups—those with a decline of over 70
percent—are mainly the durable-goods industries and
those producing luxury or semiluxury articles.
Industries Reporting Increases in 1933
Since industries able to report improvement during
a period in which the general trend of production and
distribution is downward are of particular interest,
comparative figures for those industries which reported
a higher value of product in 1933 than in 1931 are
detailed in table 2. Of the industries for which comparable data are available, 28 were included in this
category.
While a rather diversified group of industries will
be found in this tabulation, those of the consumergoods type predominate. Several of the textile and
allied products industries are included, a condition
resulting from the improvement in output in 1933 as
well as the promptness with which prices for such
products rose after the depression low was reached in
the first quarter of that year.
Table 2.—Industries Showing an Increase in Value of Products, 1933
over 1931
+883. 8
+29.6
+15. 8
+4.7
Value of products
(thous. of dollars)
Industry
1931
-13! 9
-26.1
-38.3
-45.1
-54.8
-64.4
-73. 1
-84.0
-91. 9
56 0
295 67, 826, 431 29,815,522
1, 543, 321
307 ~69,~960~9l6~ 31,358,840 """— 55~2
1
No comparable data are available for these industries for 1929 because of shifts
in classifications.
Aside from 3 liquor and allied industries, 4 industries
are included in the groups with an increased value of
product as compared with 1929 as follows: Matches;
beet sugar; rayon and allied products; and needles,
pins, hook and eyes, and snap fasteners. These 4
industries all reported a larger number of wage earners
and a larger value of product in 1933 than in 1929,
although only the beet sugar industry reported a
larger pay roll. The gain in the beet sugar industry
for wages (8.6 percent) was about half as large as the
relative increase in the value of product. The match
industry, with an increase of 29.6 percent in value of
product, had a pay-roll decrease of 2 percent, while
the other two reported increases in the value of
product of 5 and 3 percent, respectively, and decreases
of 14 and 12 percent in the amount of wages paid.
The progress of the rayon industry during the depression has been particularly impressive.
Industries reporting a decline of 30 percent or less
in value of product between 1929 and 1933 numbered
24, and the combined value of product of these industries w^as equal to 7 percent of the total value of
product in 1933 for the 295 industries for which comparable statistics are available. The modal group,
2 The malt-liquor industry, with a value of product of $342,947,000, accounted for
an important part of the value of product reported for the 12 industries shown in
table 3, for which comparable 1929 data are not available.
117515—35
3
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
17
Asphalted felt-base floor covering
_ _ - . _ _ _.
Belting and packing leather
Boxes, paper, n. e. c
Buttons
Cloth sponging and refinishing .
.. . .
Cotton goods
Files
Food preparations, n. e. c
__ .. -. .. .. Gloves and mittens, cloth or cloth and leather combined, made from purchased fabrics
.._ . _
Gold, silver, and platinum, refining and alloying
Horse blankets, fly nets, and related products
Liquors, distilled, and ethyl alcohol .
Liquors, vinous .
Malt
Matches
Minerals and earths, ground or otherwise treated
Nails, spikes, etc., not made in wire mills or in plants
operated in connection with rolling mills - Needles, pins, hooks and eyes, and snap fasteners
Rayon and allied products
. .._
Saddlery, harness, and whips
Sausage, meat puddings, headcheese, etc., and sausage casings, not made in meat packing establishments. _. -- . _
Smelting and refining, nonferrous metals other than
gold, silver, and platinum, not from the ore
Steel barrels, kegs, and drums
Sugar, beet
Sugar, cane, not including products of refineries
Surgical and orthopedic appliances and related products__ .
- ._ .Wool pulling
Wool shoddy
..
Total of specified industries (28)
Total of all industries
1933
Percentage
change
19. 993
14, 522
?17 872
21 525
2,447
805, 792
7,316
147, 546
22, 714
14, 880
223, 004
22 412
2,855
861, 170
7,391
152, 754
13.6
2.5
2.4
4.1
16.7
6.9
1.0
3.5
14, 539
41, 398
1,134
21,741
949
19 242
18. 473
7, 295
16, 012
44, 604
1,568
60, 850
24, 084
27, 923
26, 373
9,684
10.1
7.7
38.3
179.9
2, 437. 8
45.1
42.8
32.7
6, 828
20, 342
132, 632
9,339
6, 973
22, 758
156,932
10, 364
2.1
11.9
18.3
11.0
84, 333
86, 438
2.5
34, 695
21,644
85, 673
13, 981
41, 123
30. 399
127, 133
18, 233
18.5
40.5
48.4
30.4
51,012
7,378
5, 952
51,442
10, 226
10, 477
.8
38.6
76.0
1, 835, 593 2, 090, 776
41,038,402 31,358,840
13.9
-23. 6
Ratio of Wages Paid to Value Added by Manufacture
Although the summary totals indicated that the
ratio of "wages paid' 7 to "value added by manufacture" for all industries did not alter appreciably for
the census periods subsequent to 1929, it was decided
to examine the individual industries to determine
whether this over-all average was representative. Two
sample groups of industries were selected—those in
which the value added by manufacture in 1933 was
hi excess of $100,000,000 and a second group of the
smallest industries; that is, those in which the value
added by manufacture was less than $5,000,000 in
18
SURVEY OF CURRENT BUSINESS
1933. In the former group were 32 industries for
which comparable data were available for 1929 and
1933, and in the latter, 75 industries. The industries
examined thus constituted more than a third of the
total.
These data fail to indicate a definite shift in either
direction in the ratio of wages to the value added by
manufacture between 1929 and 1933; and, further,
do not indicate any marked difference in the trend
between these two census periods when comparing
the larger and the smaller industries. In the former
group, 19 industries showed a higher ratio of wages
paid in 1933 than in 1929, while for 13 industries the
ratio was lower. For the 75 industries in the smalJindustry group, the ratio was higher for 40, lower for
34, and unchanged, in 1 instance.
The industries in the group with value added by
manufacture of $100,000,000 and more (table 3) contributed about four-fifths of the value added by manu-
March 1935
facture by all industries. In this group there were
only 9 industries in which the change in the ratio
from 1929 to 1933 wras more than 4 points. The
widest change was in the steel-works and rolling-mill
products industry, in which the ratio increased from
47.1 percent in 1929 to 57.3 percent in 1933. Substantial increases were also reported in the ratio for
bread and other bakery products, petroleum refining,
and silk and rayon goods. For the other five industries
in the group to which reference has been made—cotton
goods, glass, manufactured ice, motor-vehicle bodies
and parts, and rayon and allied products—the ratio of
wages to value added declined.
The cigarette industry, in which the ratio of wages
to value added was the lowest for the industries tabulated for the purpose of this article, increased from 7.2
in 1931 to 10.3 in 1933. Comparable data for value
added by manufacture for 1929 are not available for
this industry.
Table 3.—Comparable Industry Statistics for Three Census Years, for Two Selected Groups of Industries, Showing the Ratio of Wages to the Value
Added by Manufacture
[In thousands of dollars]
Value added by manufacture
Ratio
Wages
Group
1929
31.783,010
Total all industries
Industries having a value added by manufacture of over $100,000,000 in 1933
IS, 666, 889
(32 industries)
Percent of all industries
__
_ _ _ _
58.7
13, 547, 756
Industries showing a larger ratio in 1933 than in 1929 (19)
Industries showing a smaller ratio in 1933 than in 1929 (13).
. ,. _ 5, 119, 133
Industries having a value added by manufacture of less than $5,000,000 in
468, 269
1933 (75 industries)
1. 5
Percent of all industries
252, 149
Industries showing a larger ratio in 1933 than in 1929 (40)
202, 100
Industries showing a smaller ratio in 1933 than in 1929 (34)
___ _
14,020
Industries showing no chanse between 1929 and 1933 (1)
1931
1933
1929
1931
1933
19, 357, 643
14, 610, 401
11,607,287
7,173.232
5,261,576
36.5
37.1
36.0
11 392 799
58. 9
7, 944, 087
3, 448, 712
8, 584, 308
58.8
5, 851, 288
2, 733, 020
7, 125, 140
61.4
5, 282, 324
1, 842, 816
4, 386, 633
61.2
3, 281, 530
1, 105, 103
3, 268, 896
62.1
2, 389, 197
879, 699
38. 2
38. 5
38. 1
39.0 41.3
36. 0 32. 0
40.8
32.2
255, 952
~''L3
131, 924
114,658
9, 370
170, 066
1.2
88, 276
78, 404
3, 386
182, 050
1.6
91,124
87, 004
3, 922
101, 898
1.4
51, 362
48, 346
2, 190
64, 708
12
34, 241
29, 519
948
38. 9
39. 8
38.0
36. 1
43. 0
28. 0
38. 9
42. 2
23. 4
38.8
37.6
28.0
1929 1931
1933
The value added by manufacture in the second group for such items as advertising, insurance, and taxes.
of small industries was between 1 and 2 percent of the Thus, while the total labor income from manufacturtotal for all industries in each of the 3 census years, ing cannot be directly computed from the census data,
varying from 1.6 percent in 1929 to 1.2 percent in 1933. it is considerably higher than the direct wage costs
The ratio ofr wages to value added for these industries reported.
combined w as 38.9 percent in 1929 and 38.0 percent
in 1933. Considerably wider changes in the ratio Number Employed Rose Rapidly in 1933—5 Percent Gain
in 1934
occurred for these small industries than for the more important industries. A variety of causes undoubtedly
Employment statistics collected in the census reveal
contributed to these individual variations.
an increase in the number of wage earners employed by
manufacturing industries from 5,147,190 in March 1933
Labor Income from Manufacturing
to just under 7,000,000 in September. The December
The wage data, which have been used in computing 1933 total was some half million less than the figure at
the foregoing ratios, do not cover the total labor in- the end of the third quarter.
These figures emphasize a fact that is often lost sight
come from manufacturing industries. In 1933, salary
payments, exclusive of those made to principal officers of, that is, that the number of persons engaged in manuand employees of central administrative offices, facturing industries constitutes less than one-fourth of
amounted to $1,357,000,000. The salary payments to the total number employed in all industries and occuthe latter two groups probably amounted to an addi- pations. The importance of the figures on factory
tional 50 percent of the reported item, this estimate employment, which are widely used as a current busibeing based on the more complete salary data assem- ness indicator, lies in the barometric nature of the
bled in the 1929 Census of Manufactures. Therefore, manufacturing industries.
Estimates based on these census statistics, and
the total salary and wage payments in manufacturing
in 1933 represented about one-half of the total value the monthly data collected by the Bureau of Labor
added by manufacture and about 23 percent of the Statistics, indicate that there was an increase of 5 pertotal value of product. Of the total value of manu- cent in the number of w^age earners engaged in manufactured product, 53 percent was represented by the facturing between December 1933 and December 1934,
cost of materials, containers, fuel and purchased electric the number increasing from 6,456,105 in 1933 to
energy, which figures also include a large but inde- 6,779,000 in 1934. Sample data collected7 by the
terminate labor cost. Furthermore, the remaining Bureau of Labor Statistics indicate that w age pay24 percent over and above the cost of the above-men- ments by manufacturing industries in 1934 w^ere probably one-fourth larger than the $5,262,000,000 wage
tioned materials and direct salary and wage payments
includes important direct or indirect labor payments payments of 1933.
19
SURVEY OF CURRENT BUSINESS
March 1935
FATS AND OILS l
[Revised statistics for 1932 and 1933]
Animal fats
Year and quarter
Factory
Procon- ducsump- tion
tion
Edible gelatin
Lard compounds and
substitutes
Greases
Total vegetable oils
Fish oils
Stocks, end
FacFacFactory
of quarter
ProPro- Stocks,
tory Pro- Stocks,
tory
Pro- Stocks,
Pro- Stocks,
ducof conend of ducend of con
end of conduc- end
ducducsumption
quarquarquarquartion
tion
sump- tion
tion
ter
tion (crude)
ter sumpter
ter
Retion
tion
Crude. fined
(crude)
Stocks,
end of
quarter
Thousands of pounds
I
I
161,823
176, 528
169, 429
149, 829
Mar. 31 _.
June 30-Sept. 30,
Dec. 31-
627,
552,
476,
570,
946
111
060
248
276, 483
303, 379
240, 521
235,490
5,406
3,924
1,300
3,511
10, 089i
10, 457
8, 5081
9, 107
14,142
Total.
53, 533 87, 298
50, 65' 80, 930
50, 058 73, 981
48,612 80, 058
202, 859 322, 2
Quarterly average._. 164, 402
556, 592 263, 968
3, 535
9,540
50, 715
1933
Mar. 31.
June 30-Sept. 30.
Dec. 31-
600, 210 283, 463
641,446
579, 049 373, 655
584,315 362,
4, 937
3,180
1, 321
3, 602
10, 751
9,822
8, 009J
8, 5941
44, 686
59, 581
50, 620
50, 733
139,
173,
176,
150,
Total.
195
536
586
625
639, 943 2,405,0191.
Quarterly average.-. 159,986
13, 045
601,255 348,719J
3,261
9, 294!
220, 749
221, 009
276, 856
226, 827
945, 441
80, 5
145, 659
I Factory Stocks,
| conYear and quarter j sump- end of
quarter |
tion
Factory consumption
Short tons
23, 052 194, 482
687, 553
71, 728
75, 434
79, 484
96,957
25, 272
21,'"23, 648
27, 301
29, 793
41,801
44, 526
36, 238
21, 644
8,473
50, 534
52, 785
652, 030 604,036
690, 427 434, 752
607, 757 545,782
779, 934 812,913
209,156
249, 010
253, 025
241, 390
51, 405
80, 901 238,14oi 24, 5041
Refined
Crude
Refined
Factory
consumption
Consumption
Stocks,
end of
quarter
62, 546
68, 389
79, 931
73, 395
284, 2611.
71, 065
138,
138,
132,
182,
14, 379
16,815
16, 400
15, 562
551
024
530
827
147, 983
166, 549
116,954
97, 503
121,770
2,186
99,783
67,296
68, 503
90, 987
326,569!
81, 642
1,646
854
2, 869
2,713
38, 419
76, 496
70, 627
55, 783
79, 595
79, 035
113,413|
133, 906i
405, 9481 _
101, 4871
140, 455
86, 477
99,610
157, 736
4, 365
4, 268
6,074
6, 760
21,467
5,367
76, 028
79, 942
96, 526
98, 579
Thousands of pounds
59, 088;
65, 308
51, 549
43, 801
219, 746
54,937
211,640
263, 722
272, 914
251,819
1, 000, 095
789
250,024
14, 596
599, 371 606, 829 781, 977
Stocks
Factory
facconProduc- attory,
sumption
end
of
tion
quarter
4, 429
158, 971
854, 926
784, 932
672, 652
815, 400
Oil mills
1,503
1,459
2, 663
3,121
16, 529
14, 502
13, 005
14. 350
650,600
478,142
551,069
747,50,
Linseed oil
5,393
3,584
3, 739
4,998
17,714
191,389
178,229
145, 339i
120, 928
595, 001 578, 795 694, 064
Flaxseed
224, 680
221, 308
283,964
227, 590
957, 542
239, 386J
|
57, 361
54, 351
57,350
59, 84'
228, 909!
57, 227
559,
139,
682, 53;
Thousands of
bushels
77, 88'
62,358
53, 015
70, 819
264,079
66,020
730, 626
720, 631
546,188
778, 812
730, 148 2, 397, 483
160, 542
Cottonseed oil
Stocks, end of
quarter
Production
181, 040
150, 623
151,612
158, 892
152, 3581 133,436
38, 089
687, 866
541, 005
525, 221
561, 088
2, 750, 213 2,380,1,002
92, 209
36, 415
Thousands of pounds
38, 180!
821, 770 762, 587
607, 316 402, 7
491, 507 417, 005
829, 620 797, 623
202, 750
183, 980
193, 909
197, 289
25, is;
952, 580
Crude
Crude
7,533
9,006
42, 78'
32, 882
75, 574 236,360
205, 620
84,81£
34, 795
35, 100
38, 948
36, 816
26, 479
23, 527
24,4'
26, 265
Coconut or copra oil
Copra
1932
Mar. 31
June 30
Sept. 30.
Dec. 31
Total
Quarterly average
1933
Mar. 31
June 30
Sept. 30
Dec. 31
Total
Quarterly average
82, 869
78, 749
68, 670
72, 009
241, 325
60, 331
125,694
121,070
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, and represent a revision of quarterly figures shown in the Survey of Current Business. Although
all the quarterly statistics on fats and oils did not revise for the years 1932 and 1933, the complete series are presented here for convenience.
DAIRY PRODUCTS1
[Thousands of pounds]
Production
Month
Creamery
butter
Cheese
Total
American,
whole milk
1933
Apparent consumption
Condensed Evaporated
milk,
milk, unsweetened sweetened
Butter
1932
Cheese
1933
1932
January
39, 768
134, 462
130, 245
15,318
116,947
128, 438
40, 871
24, 877
February
42, 770
122, 322
109, 622
132, 187
39, 582
23, 868
14, 118
128, 568
March
_ _ __
45, 700
133, 266
139, 186
135, 606
47, 545
28, 571
15, 298
145, 706
April
47, 531
138, 306
52, 139
17, 263
176, 195
140, 500
138, 214
32, 356
May
23, 832
57, 365
191, 098
66, 599
213, 174
167, 828
165, 371
43, 564
June
_---. _
50, 561
201, 969
79, 397
24, 319
220, 253
135, 456
130, 766
54, 653
43, 990
July
17, 884
137, 276
132, 287
176, 829
70, 702
179, 204
48, 206
August
45, 079
63, 328
16, 566
154, 595
152, 400
142, 057
166, 562
42, 857
September. .. - . ._
43, 596
129, 399
140, 784
140, 038
54, 971
17, 496
145, 089
35, 620
October
144, 426
47, 678
130, 454
49, 713
29, 864
18, 507
113,258
144, 631
November
- _
_._
14, 801
73, 592
139, 387
43, 083
115,215
38, 704
21,016
137, 435
December ... . _.
. .. ..
40. 801
116, 384
41,038
84, 755
135, 968
143, 132
23, 179
15, 638
547, 922
Total
1, 762, 688
644, 589
211,040
1, 716, 700
1, 698, 141
1, 673, 313
408, 631
average 146.891
53. 716
34. 053
17. 587
143. 058
141.512
139.443
45. 660
Digitized Monthly
for FRASER
http://fraser.stlouisfed.org/
1
Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, and represent the usual annual revision of these series for years shown.
Federal Reserve Bank of St. Louis
1933
41, 666
42, 985
48, 130
52, 575
57, 794
46, 086
49, 101
44, 158
44, 618
48, 631
46, 632
45, 219
567, 595
47. 300
20
SURVEY OF CURRENT BUSINESS
March 1935
EMPLOYMENT AND PAY ROLLS
Employment
Pay rolls
I
Pitts- 1Pennsyl- New
Philadelphia 1 burgh i vania ' Jersey1
Year and month
Delaware 1
Wholesale
trade »
Retail
trade 2
Pitts- 1Pennsyl- New
Philadelphia i burgh i vania i Jersey i
Monthly average,
1929 = 100
Monthly average, 1923-25 = 100
Delaware !
Wholesale
trade 2
Retail
trade '
Monthly average,
1929=100
Monthly average, 1923-25 = 100
1930
95.0
93.6
92.3
92.0
91.6
89.7
85.8
88.1
90.6
89.0
85.5
80.3
94.9
94.0
94.3
94.5
92.9
90.7
88.5
87.0
85.2
82.4
80.4
78.4
95.9
96.4
96.0
94.9
92.9
90.8
85.8
84.9
86.1
85.4
84.3
81.2
98.5
98.6
97.0
94.8
93.4
91.5
90.7
91.2
95.3
95.4
92.6
88.3
113.4
112. 6
113.1
112.6
109. 5
107.2
102.4
101.4
98.2
93.5
87.3
86.0
100.0 1
98.4
97.6
97.1
96.6
96.2
95.7
94.6
94.4
93.7
92.1
91.5
100.2
97.3
96.6
98.1
98.8
96.9
93.0
91.5
94.3
95.6
96.8
102.5
96.9
96.5
94.6
94.6
92.0
88.7
83.1
85.8
88.2
86. 1
81.3
75.4
96.5
102.4
100.8
103.0
101.3
95.6
87.5
89.5
84.8
80.7
71.4
68.2
95.8
97.6
97.6
95.8
91.7
86.8
78.1
79.0
79.4
79.6
74.5
71.3
101.8
102.3
101.1
98.5
96.2
92.8
90.5
91.6
95.3
95.5
89.3
84.5
113.9
113.0
114.2
114.1
109.5
106.5
99.1
98.0
94.1
91.3
81.6
82.1
99.9
98.1
99.4 ,
97.5
96.9
98.1
95.4
92.9
92.8
92.0
90.0
90.2
99.8
97.7
97.0
97.9
99.4
97.9
92.8
89.4
91.5
92.6
92.4
95.4
.
89.5
88.6
89.5
93.9
103.1
95.7
96.8
88.6
90.1
85.6
94.9
101.4
95.3
95.3
-
76.5
77.6
77.1
78.4
78.1
78.1
76.2
79.2
79.4
78.1
77.7
77.3
76.3
75.6
74.5
73.1
71.7
68.7
65.5
64.5
64.2
60.2
60.7
60.2
78.1
79.4
79.0
79.0
77.1
74.1
71.4
72.1
72.4
71.8
70.6
70.1
83.5
82.7
82.2
80.7
80.0
78.0
76.6
77.0
77.0
76.1
74.3
71.0
86.4
86.8
87.3
86.0
85.5
84.6
83.2
82.0
79.8
73.0
73.4
74.4
88.9
87.6
86. 7
86.7
86.3
86.3
85.9
85.6
85.1
84.2
83.1
82.6
92.3
89.3
89.2
91.3
90.8
90.7
84.2
81.2
83.3
85.2
84.8
90.6
69.0
71.0
71.3
72.2
72.1
70.6
65.9
71.2
67.7
69.0
65.9
67.7
67.2
67.1
66.6
70.6
64.6
55.4
51.2
48.6
48.1
44.9
42.0
43.3
66.6
68.9
70.0
70.0
66.6
61.9
57.1
57.7
55.8
56.0
52.5
53.1
78.2
79.0
77.5
76.1
76.0
71.3
70.0
69.5
65.1
67.2
63.9
60.6
80.3
83.0
84.9
82.7
84.1
80.7
70.9
70.9
65.7
62.3
55.5
57.3
86.3
87.1
87.7
83.7
83.2
82.5
81.6
80.3
79.5
77.9
77.6
75.6
88.1
86.4
86.8
87.5
86.8
86.7
81.3
77.9
78.3
78.9
78.3
80.4
77.8
67.9
74.6
78.3
81.9
85.8
87.7
69.5
55.8
61.3
71.2
73.2
81.9
83.1
73.2
73.0
71.3
67.5
66.3
64.3
61.9
62.3
65.5
68.6
67.6
65.0
58.4
58.7
58.8
56.7
54.2
53.3
50.8
49.5
50.7
52.6
53.5
52.5
68.1
68.4
67.3
64.7
62.0
60.6
57.8
58.7
62.7
64.7
64.3
62.5
68.9
69.9
68.2
66.1
64.9
64.0
61.3
59.8
62.3
62.5
61.8
61.5
77.7
76.8
74.2
73.2
71.1
70.0
68.5
66.8
70.7
69.5
70.1
72.0
80.7
79.7
78.6
77.6
76.6
75.6
75.2
74.9
75.6
76.2
76.0
75. 4
80.3
78.3
78.6
78.7
77.2
76.3
73.1
71.8
74.2
76.3
75.4
80.9
61.3
59.7
57.6
51.1
48.2
46.6
43.3
43.7
48.8
51.9
49.1
46.8
42.8
41.4
42.1
39.2
34.6
34.1
28.6
28.6
28.3
30.5
30.6
27.1
49.4
49.4
48.0
43.7
39.8
37.7
33.7
35.2
37.9
41.0
39.6
37.8
58.5
58.5
56.0
52.7
51.5
49.9
46.2
44.3
47.4
48.0
45.8
45.7
58.7
60.3
58.0
53.5
50.1
49.2
46.6
45.3
48.6
48.7
47.3
50.0
71.8
70.1
68.8
66.3
67.1
63.5
61.9
60.3
60.1
60.8
60.1
59.3
71.9
69.1
68.5
67.7
65.5
62.7
59.2
56.9
58.3
59.7
58.6
60.4
67.2
54.1
63.5 !
64.3
71.7
76.8
76.8
50.7 1
34.0
41.1
50.4
51.4
64.2
63.2
January
February
March
April
- - - M!ay
June
- July
August
September..
.
October
November
December
.
62.9
63.0
61.0
61.7
65.0
68.5
71.2
78.2
83.6
87.0
84.8
82.2
48.4
49.8
47.9
48.4
51.0
55.5
59.4
65.3
66.9
65.0
64.4
63.5
59.4 ;
60.9 !
58.1
58.3
61.4
64.7
67.5
72.1
75.1
75.4
74.1
71.4
58. 5
59.6
57.2
57.1
59.8
63.2
66.0
70.2
74.5
75.5
75.5
74.7
71.8
72.8
69.9
68.1
71.5
77. 5 i
85.2
91.2
95.0
92.1
91.2
89.8
73.6
72.4
71.3
71.5
72.2
73.9 1
75.1 !
77.9
80.3
81.7
81.6
81.5
72.1
70.4 I
68.9
73.3
72.1
73.2
71.0
75.4
80.6
83.3
83.9
89.1
43.5 !
44.0
41.2
41.6
45.9
49.7
52.7
60.3
65.3
69.5
65.5
62.7
25.2
27.6
26.9
28.7
31.9
40.4
44.5
55.1
51.3
49.7
48.0
48.7
33.9
35.1
32.9
33.9
38.3
42.9
46.3
54.0
54.2
55.7
52.8
51.1
42.5
43.6
40.0
41.5
44.2
47.8
49.9
52.7
55.0
56.5
56.8
56.1
47.5
49.2
45.0
43.1
49.0
54.5
63.1
62.1
64.8
64.8
62.7
63.7
58.3
55.1
53.5
52.4
53.8
53.7
55.5
57.2
58.7
62.4
60.5
60.9
54.7
51.8
49.0
52.0
51.3
52.2
51.0
54.9
58.7
61.6
61.4
64.0
Average
72.4
57.1
66.5
66.0
81.3
76.1
76.1 I
53.5
39.8
44.3
48.9
55.8
56.8
55.2
June
.
July
August
. -.
September
October
_ _ _
November
December
78.4
81.4
83.9
84.5
83.3
82.9
82.3
83.8
82.1
84.6
86.2
88.4
60.5
64.1
65.8
67.0
69.2
70.8
68.4
68.9
65.3
66.6
65.8
66.3
i
68.2 i
72.4
74.7
75.6
75.5
75.6
74.4
74.5
72.9
75.0
74.4
75.0
72. 5
73.9
75.0
74.8
76.4
76.9
76.5
77.0
76.7
76.0
75.0
75.3
86.2
90.4
92.7
93.0
92.4
94.7
93.5
89.6
91.2 '
91.6
86.2
84.6
80.6
81.2
81.8
82.1
82.8
82.3
82.2
82.5
83.5
84.3
85.1
85.0
79.8
79.6
81.5
82. 5
82.9
82.6
79.0
77. 8
81.7
82.6
83.7
90.8
59.9
64.5
68.0
68.8
68.1
67.4
67.1
68.1
66.4
70.8
72.5
75.1
43.9
49.6
54.9
57.8
68.3
68.6
52.9
58.4
50.3
54.7
53.7
55.8
47.5
53.4
57.6
59.3
62.9
61.7
55.5
57.3
53.1
57.2
56.4
58.1
53.6
56.3
57.0
57.7
59.4
59.6
58.1
59.3
59.0
58.8
58.3
59.7
60.8
65.
66.
66.
65.
68.
68.
64.
65.
67.
61.
61.
60.3
61.0
62.0
63.1
62.6
62.8
63.8
62.7
63.6
64.5
64.2
64.8
59.0
58.8
59.8
61.2
61.5
61.4
60.1
58.4
60.6
61.9
61.8
66.0
Average
83.5
66.6
74.0
75.5
90.5
82.8 !
i
82. 0
.68.1
55.7
56.7
58.1
65.
63.0
60.9
January
February
March
April
May
June
July
August
September
October
November
December
- -
Average
1931
January
February
March
April
May
June
July
August September
October
November
December
- -
- -
Average
1932
January
February
March .
April
-Mav
June
July
August
September
October
November.
December
_
Average
1933
January
February
March
April _
1934
May
.
!
i
i
1
i
1 Computed by the Federal Reserve Bank of Philadelphia and represent revisions of data that appeared in previous issues. The revisions consist mainly of the usual
adjustment of the current indexes to the changes shown by the biennial Census of Manufactures for 1931 in order to reflect more fully such factors as the establishment
of new plants and the permanent closing of old plants. Indexes for the years 1923 to 1930 had previously been adjusted to agree with the trend disclosed by the more complete Census figures. For data prior to 1930, refer to page 19 of the September 1933 issue of the Survey for the States of Pennsylvania, New Jersey, and Delaware and
the city of Philadelphia, and page 18 of the January 1934 issue for the city of Pittsburgh.
2 Computed by the 17. S. Department of Labor, Bureau, of Labor Statistics, and represent a revision of statistics that were formerly published in the Survey. The revision
was made to adjust the trend to the annual Census data collected by the Bureau of the Census for the years 1929 and 1933. For a complete description of the coverage of
these industries and the method used in computing these indexes, see pages 20 to 23, inclusive, of the November 1934 issue of the "Trend of Employment", published by
the U. S. Department of Labor. Data for 1929 are as follows: Employment, wholesale trade, Jan. 97.7, Feb. 96.9, Mar. 97.3, Apr. 97.9, May 99, June 99.2, July 100.4, Aug.
101.3, Sept. 101.9, Oct. 102.9, Nov. 102.9, and Dec 102.6; retail trade, Jan. 97.2, Feb. 95.4, Mar. 97.4, Apr. 97.6, May 98.6, June 99.3, July 97.3, Aug. 98.7, Sept. 100.6, Oct. 102,
Nov. 104.2, and Dec. 111.9. Payrolls, wholesale trade, Jan. 96.7, Feb. 96.4, Mar. 98.5, Apr. 97.8, May 99, June 98.6, July 100.5, Aug. 100, Sept. 103.3, Oct. 102.7, Nov. 101.9,
and Dec. 104.7; retail trade, Jan. 95.9, Feb. 95.1, Mar. 97.3. Apr. 97.2, May 98.2, June 99,8, July 98.8, Aug. 99.2, Sept. 101.7, Oct. 103.2, Nov. 103.3, and Dec. 109.7.
21
SURVEY OF CURRENT BUSINESS
March 1935
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1934
1933
1933
1935
Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb.
24
25
20
10
18 27
17
9
23
16
ITEM
Business activity:
New York Times**.
87.5 87.1 87.9 83.5 81.7 80.4 65.3 66.8 71.8 72.5
Business Week*^
62.6 63.0 64.8 64.4 65.6 66.6 50.4 52.0 58.1 59.8
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784). .. 79.6 79.4 79.1 73.4 73.7 73.3 59.7 60.1 66.3 66.3
Farm products (67)
79.9 79.2 78.1 61.2 62.1 61.4 40.8 41.9 51.2 50.9
Food (122)
83.2 83.1 82.3 67.0 67.4 66.8 53.7 54.3 62.9 62.9
All others (595)
77.7 77.7 77.8 78.7 78.7 78.7 66.2 66.3 57.9 59.6
Fisher's index, 1926=100:
Combined index (120)— 82.2 82.4 81.7 74.2 73.7 73.2 55.1 55.4 63.7 63.7
Agricultural (30)
0) 52.0 51.1 50.4 38.6 38.8 46.2 46.2
0)
0)
Nonagricultural (90)—- 0)
0) 0) 79.7 79.7 79.5 59.3 59.5 67.0 67.0
Copper, electrolytic J
63.8 63.8 63.8 56.5 56.5 56.5 34.8 34.8 43.5 42.8
Cotton, middling, spot
46.7 46.7 46.7 45.6 46.3 46.3 22.8 22.8 26.1 26.1
20.0 18.8
14.3 11.3 19.3
C onstruction contracts t
16.5 28.3
Distribution: Carloadings... 57.7 60.7 ~61.~8 59.8 62.6 ~59.~9 48.2 54.0 55.9 59.7
Employment* Detroit factory
49.2
68.6
90.9
110.0
Finance:
Failures , commercial
70.0 57.2 64.6 62.7 58.7 71.5 140.3 138.3 156.5 184.5
Security prices:
Bond prices J
108.8 108.1 107.5 103.0 102.6 101.6 85.8 88.3 89.1 88.5
Stock prices t
88.6 87.5 86.5 97.5 98.5 98.3 51.2 54.8 76.4 79.2
1934
1933
1933
1935
Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb.
24
16
17
25
23
20
10
18 27
ITEM
Finance— Continued.
Banking:
Debits, outside N.Y.C4Federal Reserve reporting member banks: §
Deposits:
Net demand .
Time
Loans, total
Interest rates:
Call loans J-.
Time loans J
Money in circulation J._
Production:
Automobiles
Bituminous coal %
Electric power f
Lumber...
_
Petroleum 1
Steel ingots
._
Receipts, primary markets:
Cattle and calves
Hogs
Cotton
Wheat
78.0 61.4 74.4 69.1 67.7 67.3 61.2 47.5 68.3 67.3
142.7 142.1 141.1 110.1 111.1 109.0 93.4 95.6 91.1 91.6
124.2 124.2 124.2 121.0 120.3 121.0 121.3 123.7 125.4 125.7
67.8 67.9 67.6 75.9 75.4 75.6 78.9 80.7 100.9 101.5
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 60.6 60.6
20.1 20.1 20.1 22.9 22.9 22.9 28.6 16.0 85.7 85.7
112.3 112.0 111.7 110.1 109. 9 109.8 124.2 120.5 115.4 115.9
108.2 107.6 102.8 86.3 80.9 74.9 35.0 32.7 39.5 39.9
82.7 83.3 83.7 81.5 78.4 75.6 60.5 73.6 64.1 64.9
103.7 105.7 105.9 98.8 98.5 99.2 85.6 88.2 90.8 92.7
35.2 34.1 37.3 33.6 34.4 34.6 19.6 21.2 24.0 25.1
121.7 123.3 120.5 106.9 109.9 109.7 105.3 100.0 102.6 101.2
65.8 68.4 71.1 59.2 55.3 52.6 25.0 26.3 34.2 32.9
63.1 57.0 65.5 77.9 77.6
42.6 43.8 48.7 80.1 70.0
37.7 28.8 43.8 50.4 59.6
9.6 9.4 12.8 28.0 28.6
69.1
53.2
59.2
39.1
56.6
64.9
71.9
33.1
60.4 63.3
66.4 87.8
65.4 75.8
24.4 104.7
57.6
89.0
93.1
78.7
* Computed normal=100. \ Latest week is preliminary, f Weekly average, 1928-30=100. J Daily average. J Temporarily discontinued.
• Index revised. See weekly supplement of June 1, 1933, for explanation. § 1933-35 indexes are based on reports from 91 cities;-earlier data cover 101 cities.
WEEKLY BUSINESS STATISTICS
ITEM
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York..
dol. per lb_.
Cotton, Middling, spot, New
York
__dol. per lb_.
Food index (Bradstreet's)9
dol. perlb..
Iron and steel composite!
dol. per ton-Wheat, No. 2 Hard Winter (K. C.)-.
dol. per bu_.
FINANCE
B anking:
Debits, New York City
mills, of dol. .
Debits, outside New York City
mills, of doL.
Federal Reserve banks:
Reserve bank credit, total
mills, of dol..
Bills bought
mills, of dol .
Bills discounted
...mills, of dol..
U. S. Government securities ._ mills, of dol
Federal Reserve reporting member banks: §
Deposits, net demand
.mills, of dol..
Deposits, time.
mills, of dol
Investments, total
mills of dol
U. S. Government securities
mills, of dol
Loans, total
mills, of dol
On securities
mills, of dol
All other
mills, of dol
Interest rates, call loans
percent. .
Interest rates, time loans
percent
Exchange rates:
French franc (daily a v.)_
cents
Pounds sterling (daily av.)
dollars..
Failures, commercial
number
Money in circulation..
mills, of dol..
Security markets:
Bond sales (N. Y. S. -E.)___thous. of dol. par value-Bond prices, 40 corporate issues __
..dollars.Stock sales (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
Railroad (33)
1926-100
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Cram's estimate)
number-Bituminous coal (daily av.)
thous. of short tons..
Electric power
mills, of kw.-hr
Petroleum
__thous. of bbL.
Steel ingots (Dow- Jones estimate) .pet. of capacity..
Construction-contract awards (da. av.) -..thous. of dol..
Distribution:
Freight-car loadings, total. ._
..
cars
Coal and coke
cars
Forest products.
cars
Grain and products.. .
_
cars
Livestock.
cars
Merchandise, 1. c. 1
cars
Ore
cars
Miscellaneous
cars
Receipts:
Cattle and calves
thousands
Hogs . . .
thousands
Cotton into sight
_ _ _ .. thous. of bales
Wheat, at primary markets
thous. of bu
Wool, at Boston, dom. and foreign.. .thous. of lb.-
Feb. 23
1935
Feb. 16
Feb. 9
Feb. 24
1934
Feb. 17
Feb. 10
1933
Feb. 25 Feb. 18
1933
Feb. 27 Feb. 20
1931
Feb. 21
0.088
.127
2.75
32.50
0.088
.127
2.76
32.54
1.00
0.088
.127
2.73
32.56
.98
0.078
.124
2.14
31.34
.84
0.078
.126
2.11
31.33
.85
0.078
.126
2.08
31.30
.87
0.048
.062
1.51
27.91
.44
0.048
.062
1.51
27.92
.44
0.060
.071
1.81
29.22
.55
0.059
.071
1.80
29.24
.54
0.100
.110
2.33
31.62
.69
3,459
3,618
2,788
2,847
3,127
3,451
3,669
3,204
2,868
2,614
3,711
3,120
2,597
2,363
2,376
2,202
2,775
2,638
3,508
3,122
5,349
4,309
2,448
6
6
2,430
2,450
6
2,430
2,466
6
6
2,430
2,592
75
66
2,432
2,593
86
68
2,432
2,606
97
73
2,432
2,351
174
327
1,834
2,136
31
286
1,809
1,734
133
835
741
1,781
146
846
741
905
94
200
600
14, 160
4,447
10, 665
7,217
7,550
2,983
4, 567
1.00
.88
14, 100
4,448
10, 678
7,198
7,567
3,016
4,551
1.00
.88
13, 998
4,446
10, 682
7,227
7,526
2,992
4,553
1.00
.88
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
1.00
1.00
11,125
4,372
8,782
5,847
8,300
3,587
4,713
1.00
1.00
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, 202
4,595
6,381
3,527
10, 994
4,846
6,148
2.50
3.75
10, 273
4,605
6,421
3,558
11, 065
4,878
6,187
2.50
3.75
1.50
2.00
6.612
4.88
285
5,452
6.511
4.87
233
5,440
6.565
4.88
263
5,423
6.538
5.09
255
5,345
6.527
5.06
239
5,335
6.364
4.99
291
5,333
3.945
3.42
571
6,032
3.928
3.44
563
5,850
3.936
3.48
637
5,605
3.943
3.45
751
5,627
3.919
4.86
722
4,590
67, 210
97.39
5,218
86.09
68.7
81.6
53.3
32.5
38, 510
96.82
2,230
84.95
68.3
80.5
55.1
32.4
47, 960
96.26
2,866
84.03
66.8
78.4
55.1
31.4
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
124, 200
90.96
22, 496
95.42
81.3
88.8
83.4
50.6
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
45, 257
79.80
4,692
74.15
58.4
54.7
96.6
34.5
66, 085
79.27
11,482
76.95
58.9
55.1
97.2
35.9
49, 708
96.26
18, 754
165. 10
124.6
114.7
187.6
105.7
82, 541
1,409
1,728
2,536
50
3,227
82, 119
1,419
1,761
2,568
52
3,017
78, 453
1, 425
1,764
2,511
54
65, 847
1,388
1,646
2,226
45
2,657
61, 694
1,336
1,641
2,289
42
4,542
57, 126
1,287
1,652
2,284
40
26, 684
1,031
1,426
2,193
19
2,292
24, 927
1,253
1,470
2,083
20
1,808
30, 150
1,085
1,512
2,138
26
3,094
30, 410
1,105
1,545
2,108
25
50, 895
1,318
1,680
2,165
52
552, 896
134, 505
25, 815
26, 109
11, 234
142, 471
2,988
209, 774
581, 981
148, 418
24, 728
25, 189
11, 569
156, 306
3,190
212, 581
592, 560
160, 113
25, 414
25, 212
12, 569
155, 535
3,133
210, 584
574, 908
166, 338
22, 592
27, 460
15, 292
144, 205
3,181
195, 840
600, 268
160, 549
23, 039
30, 272
16, 470
160, 760
4, 177
205, 003
573, 898
149, 667
21, 396
31, 271
13, 734
160, 348
2,596
194, 886
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
535, 498
114, 162
19, 640
32, 627
18, 375
169, 733
2,833
178, 128
572, 265
188, 255
19, 342
40, 927
18, 935
188, 090
3,139
183, 577
713, 156
144, 759
33,822
40, 866
22, 181
215, 446
5,134
250, 948
194
275
98
763
442
175
283
75
751
656
202
314
114
1,022
721
240
516
131
2,228
530
239
452
115
2,277
1, 028
213
343
154
3,109
338
174
418
187
2,632
321
186
428
170
1,942
7,180
195
566
197
8,330
632
181
574
242
6,259
3,246
203
572
166
7,775
6,054
§ Statistics cover 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reporting.
Comparable figures not available prior to 1932.
t Revised series (scrap now included). Revised data back to 1929; see p. 19 of the January 1935 issue
• Aggregate price of 1 pound each of 31 commodities.
22
SURVEY OF CURRENT BUSINESS
March 1935
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.
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
1934
February
March
April
May
1
June
July
August
Decem^m" October November
ber
S
BUSINESS INDEXES
BUSINESS ACTIVITY (Annalist)t
Combined index ^
__
normal=100—
Automobile production 1
.normal = 100..
Boot and shoe production
normal = 100—
Carloadings, freight.normal =100..
Cement production
normal = 100 _
Cotton consumption
_ ._ normal = 100. .
Electric power production
normal = 100-.
Lumber production
_ normal = 100—
Pig-iron production
normal = 100—
Silk consumption
normal = 100 _
Steel ingot production T
_normal = 100—
Wool consumption
normal = 100—
Zinc production.-.
normal = 100—
INDUSTEIAL PRODUCTION (F. E. B.)
Total, unadjusted
1923-25 = 100—
Manufactures, unadjusted
1923-25=100..
Automobiles* .
.
1923-25 = 100—
Cement
1923-25=100..
Food products
1923-25 = 100-.
Glass, plate.
1923-25 = 100Iron and steel*
1923-25 = 100-.
Leather and shoes §
1923-25 =100. .
Lumber
... . 1923-25=100..
Paper and printing..
1923-25=100..
Petroleum refining
1923-25=100..
Rubber tires and tubes
1923 25-100
Shipbuilding
1923-25—100
Textiles
1923-25=100Tobacco manufactures
1923-25 = 100—
Minerals, unadjusted
1923-25=* 100—
Anthracite
1923-25= 100..
Bituminous coal
1923-25=100—
Iron ore shipments
1923 25 ~ 100
Lead
1923-25=100—
Petroleum, crude.
1923- 25 =100. .
Silver. __
.1923-25= 100. .
Zinc
. —
1923-25=100Total, adjusted ..
.
1923-25=100—
Manufactures, 0adjusted
1923-25 = 100—
Automobiles
1923-25=100Cement
..
1923-25 = 100—
Food products
1923-25=100Glass plate . _ 1923-25= 100. .
Iron and steel •
1923-25 = 100..
Leather and shoes §
- 1923-25=100—
Lumber
..
1923-25=100—
Paper and printing
1923 25—100
Petroleum refining
1923 °5— 100
Shipbuilding
Textiles
Tobacco manufactures
Minerals, adjusted
Anthracite
Bituminous coal
Iron ore shipments
Lead
Petroleum, crude
Silver
.
Zinc
-
1923-25—100
1923-25= 100. .
1923-25 = 100. .
1923-25=100—
1 923-25 = 100
1923-25=1001923-25=100
1923-25=100..
1923-25=100..
1923-25=1001923-25=100..
73.1
57.2
104.2
65.2
46.2
88.8
89.5
54.5
42.7
60.6
48.1
73.9
62.1
76.7
71.1
115.9
67.4
55. 8
89.2
93.1
49.5
45.8
66. 6
54. 9
75.8
61.5
78.9
77.9
118.7
69.0
51.4
89.9
93.7
60.6
50.9
69.6
59.3
77.4
62.1
80.0
78.5
130.2
64.7
54.4
90.8
96.1
53.3
54.5
71.6
69.8
72.6
59.1
80.2
70.1
130.2
63.9
52.6
92.0
95.3
51.9
63.1
71.8
77.7
66.8
59.6
77.2
71.2
107. 5
64.9
52.8
68.5
95.8
47.6
64.6
61.7
77.4
63 0
52.2
73.2
70.9
108.2
61.9
49.6
77.6
96.7
44.8
40.6
58 2
40.8
69.0
51.4
71.1
62.4
107.9
59.6
43.8
82.4
94.1
55.5
34.8
57. 1
34.3
62.8
52.7
77
75
46
30
102
88
53
a
91
30
"96
142
90
83
82
76
86
85
96
88
89
109
89
89
98
84
83
93
73
71
82
73
71
67
"102
144
108
"102
143
117
"104
152
115
"102
153
102
"108
128
«91
84
81
'91
131
85
"97
120
88
"96
113
91
"93
118
81
"89
130
87
50
124
50
76
90
89
104
42
91
174
79
v 107
33
65
115
37
70
78
76
56
49
96
99
84.2
107.0
66. 2
37 9
97 0
100.3
54.6
52.3
67 1
69. 1
65. 3
p87
J'87
86
25
90
155
76
"99
29
P102
136
93
77
73
50
129
50
71
18
89
74
56
"98
34
"99
142
97
26
"87
138
88
82
67
64
120
37
66
37
90
106
42
82
115
66
°110
75
110
28
21
95
78
66
116
39
71
81
80
71
61
91
98
63
°108
29
"99
144
100
30
"91
132
91
89
74
64
118
36
66
39
46
89
84
58
121
52
72
84
82
78
58
84
106
53
87
108
84
114
35
63
76
60
55
125
46
67
85
85
85
55
93
98
68
96
90
91
108
35
50
76
62
60
65
128
43
66
86
86
78
57
98
83
66
»107
76
"117
84
«118
" 100
" 100
" 100
38
143
106
59
"94
119
100
109
84
57
122
47
68
33
152
9^
65
"90
128
90
73
72
56
125
45
64
33
153
81
39
"88
72
95
79
64
100
91
85
97
62
100
87
44
98
a 107
32
38
154
102
156
81
157
78
"73
144
87
"73
139
85
"76
135
83
60
60
106
57
132
44
55
83
83
82
58
96
77
85
"101
31
154
84
38
"77
128
89
132
87
72
40
67
54
76
66
127
44
65
38
29
69
56
130
45
57
41
52
59
105
51
131
34
53
76
74
78
53
102
92
47
99
29
156
83
28
"78
140
50
60
95
43
126
39
56
73
72
61
48
106
86
0
38
97
36
157
79
95
"81
128
85
126
80
65
52
61
47
63
53
128
40
57
50
44
124
39
60
66.5
52. 7 !
91.8 1
59.1 i
46 8
58 5
92.4
70.5
51. 6
88.4 i
57.6 ;
40 8 I
92 2 :
*92.5
a 71 3
43' 5
97' 9
58 9
42 3
86' A
a93;6
50 2
31- 2 i
46 7
31.8
34.3 ;
41.2
53.8!
36.1 i
49 ft
76.0 ,109 9
66. 2 ,
6 8.5
72 '
70
56 i
63
122
85
37
a 102
33 1
152
76
133
"63
139
87
62
68
85
52
125
34
58
71
69
51
50
120
84
37
«88
32
75
73
38
53
110 :'
87
40 '
74
"2
24
47
108
"9
45
a f)3 ;
« 88
30 '
25
!
!
156
80
12
p
91
128
84
65
72
11
57
120
38
77
74
73
37
48
102
83
48
«92
26
i
i
154
73
12
?92
129
87
68
71
60
58
123
39
73
73
72
41
46
107
87
41
a 85
29
152
79
133
"64
125 ;
82
62
64
44
55 !
122 !
36
61
153
P 8*?
17
P 90
120
si
p 53
p 64
35
56
122
39
76
'
!
'
'
1
^
j
!
42 5
33 ; 3
!
i
•
j
i
i
!
!
!
!]
155
107
14
F
87
125
81
64
65
14
55
121
35
77
Q
7S.
a
6
95. 6
63. 1
43 9
84
3
a
97. 6
46 3
3~ 2
74. ^
57. 3
l'?3 1
66.7
78
r> 5S
35
103
M05
56
"89
26
154
14
P 92
115
85
71
74
60
120
54
76
86
°86
105
45
102
"140
64
°104
29
a
153
a 133
18
p97
143
«89
69
60
"124
53
74
MARKETINGS
59
74
74
60
67
77
92
105
114 i
89
66
93
Agricultural products* (quantity) 1923-25= 100..
74
72
93
80
84
97
112
102
100
93
88
Animal products
1923-25=100—
107
88
94
84
94
127
124
100
123
118
100
102
86
Dairy products
1923-25— 100
75
72
92
67
83
77
122
68
100
Livestock. __
1923-25=100116
111
91
66
100
81
119
120
67
78
111
77
63
70
105
Poultry and eggs _
1923-25=100..
34
24
22
91
253
28
36
444
173
105 !
91
81
Wool
...1923-25 = 100..
43
54
60
47
55
47
74
56
107
129 !
84
78
Crops
1923-25=100
42
42
42
62
38
50
28
50
160
210 ;
134
35
Cotton
..1923-25=100..
67
60
92
81
104 '
74
57
71
70
108
87
Fruits
1923-25-100
71
23
42
37
29
57
119
101
43
37
69
58
38
Grains
— _ 1923-25 = 100
78
104
102
120
82
108
1
76
54
93
78
90
75
Vegetables
1923-25 = 100..
• New series. See p. 18 of the March 1933 issue, marketings (quantities).
t Revised series. For earlier data see p. 19 of the October 1933 issue.
1 For 1933 revisions of the combined index and automobile and steel ingot production indexes see p. 22 of the August 1934 issue.
• Revised.
» Preliminary.
§ Series revised. For earlier data see p. 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances
amount.
slight
• Index of automobile and iron and steel production revised for 1933. See p. 22 of the September 1934 issue for a complete record of the revisions.
73
84
78
81
102
36
62
86
66
33
64
by
SURVEY OF CURRENT BUSINESS
March 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
23
1934
February
March
April
May
June
July
Novem- DecemAugust September
ber
ber October
BUSINESS INDEXES—Continued
MAEKETINGS-Continued
Agricultural products, cash income received
from marketings of:*f
Crops and livestock:
Unadjusted
1924-29=100Adjusted...
1924-29=100Crops, adjusted
— 1924-29=100
Livestock and products, adjusted
1924-29=100Dairy products, adjusted— 1924-25=100Meat animals, adjusted
1924-29=100Poultry and eggs, adjusted. .1924-29 =100-
50 5
51.5
40 0
50.5
52.0
53.5
45.5
54.5
56.0
48.0
57.0 !
60.0
45.0
58.5
64.0
50.0
58.0
59.5
48.5
65.5
77.0
54.5
71.0
87.5
68 0
VO.
V
69.0
60.5
58 0
74 5
55.0
47 0
57. 5
52.0
40 5
51.5
49.5
41 5
64.0
76.0
59.0
57.5
51.0
60.5
45.5
49.0
53.5
61.5
47.5
53.0
53.5
65.0
45.5
59.0
52.5
63.5
47.0
50.5
56.0
65.0
51.5
52.0
54.0
63.5
48.0
51.0
54.5
65.0
47.5
50.5
56.5
70.0
48.5
53.0
63.0
72.0
58.5
57.5
63.5
72.5
57.5
60.0
63.5
73.5
54.0
71.5
58.0
72.5
49.5
58.5
143
106
118
87
118
95
83
163
162
111
126
103
117
96
83
167
155
111
129
92
117
99
80
162
148
108
126
81
116
99
80
162
142
109
123
81
116
104
81
159
136
108
117
84
116
105
80
150
132
109
115
94
117
95
79
143
140
114
117
108
116
96
79
141
143
108
119
103
116
96
78
145
154
109
121
103
117
93
79
150
160
108
117
100
117
94
79
155
159
107
113
MOO
117
96
81
160
152
107
117
MOO
118
94
79
163
60.0
62.5
STOCKS
Domestic stocks
1923-25=100
Manufactured goods
1923-25=100Chemicals and allied prod. -1923-25 =100Food products
1923-25 = 100Forest products
1923-25=100.
Iron and steel products
1923-25=100—
Leather
1923-25=100Metals, nonferrous
1923-25=100 _
Paper newsprint
1923-25=100
Rubber products
1923-25=100
Stone, clay, and glass
1923-25=100Textiles
—1923-25=100Raw materials
1923-25=100
Chemicals and allied prod .-1923-25 =100Foodstuffs
— 1923-25=100
Metals
1923-25=100 _
Textile materials
1923-25 = 100. .
World stocks — foodstuffs and raw materials:
Totalf
1923-25 = 100—
Coffee— adj. for seasonal
1923-25=100Cotton— adj. for seasonal
1923-25 = 100Rubber— adj. for seasonal!— 1923-25 =100. .
Silk—ad j . 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..
66
113
68
107
84
117
71
116
85
111
78
113
92
107
115
109
79
112
91
113
86
113
71
113
48
113
162
118
170
107
162
151
173
201
117
201
157
169
188
108
192
160
168
178
101
188
160
160
168
96
182
159
159
158
94
171
161
148
149
93
162
162
130
161
90
198
160
119
169
92
217
161
119
187
109
217
159
120
198
122
208
151
123
°200
121
°202
159
119
a
198
« 116
«207
87
239
129
115
108
98
93
97
108
105
107
113
107
93
273
252
231
213
198
182
173
173
217
254
269
263
242
»360
193
347
281
245
?367
209
347
263
258
"423
211
347
266
260
"407
225
347
260
259
*>392
218
369
287
266
P409
221
387
242
262
"390
231
374
238
246
*303
221
373
234
231
P288
191
363
210
a 228
227
P329
171
352
296
134
104
198
297
144
98
192
332
152
85
197
328
147
83
202
304
142
83
215
309
142
78
241
295
141
74
237
267
140
74
228
273
153
79
211
294
148
72
190
295
145
66
196
78.8
77.3
74.5
85.8
64.6
92.5
79.1
77.0
75.2
86 4
64.7
92.5
79.6
77.2
76.5
86.9
65.4
92.3
81.0
77 6
79.9
87 4
66.0
92.4
80.9
77 5
79.1
87 5
66 4
92.8
80.8
77 4
78.8
87 6
66 6
92.8
80.8
77.3
78.4
87 5
66. 8
93.0
?278
163
353
71
250
* 343
214
348
255 '
303 :
135
108
214
^332
174
354
200
COMMODITY PRICES
COST OF LIVING (N. I. C. B.)
Total, all groups
Clothing
Food
Fuel and light
Housing
Sundries
-
_
~
1923=100..
1923=100 .
..1923=1001923=100 .
1923 = 1001923=100-
81.6
76 9
81.1
87 1
66 9
93.0
77.5
77.3
72.0
87.1
62.7
91.9
78.3
77.5
74.1
87.1
62.8
92.1
78.5
77.7
74.3
87.1
63.1
92.2
78.4
77.9
73.5
86 5
63.7
92.4
78.6
77.8
74.1
85 7
64.2
92.4
FARM PEICES (Dept. of Agri.) § f
Total, all groups
.
Chickens and eggs
Cotton and cottonseed
Dairy products
Fruits
Qrains
.
Meat animals _
Truck crops.
Miscellaneous
..1909-14=100
.1909-14=100 .
1909-14=100
..1909-14=1001909-14=100.1909-14=1001909-14=100..
1909-14=1001909-14=100—
77
83
84
82
82
87
96
102
72
94
72
90
72
94
101
78
93
74
94
103
101
82
82
86
114
108
76
99
86
107
104
110
108
107
125
107
119
109
112
87
115
96
84
86
76
55
92
87
79
65
95
97
79
66
91
96
77
64
91
110
78
64
93
137
89
64
94
113
91
66
99
93
112
82
105
94
109
72
117
101
79
89
80
98
98
108
133
107
96
92
90
94
110
130
111
94
98
102
99
98
109
74
107
85
116
73
102
97
101
106
68
125
126
137
123
113
164
167
168
168
164
156
159
162
108
109
107
165
108
109
110
166
165
165
105
157
119
112
117
116
115
114
86.8
88.fi
89.5
89.6
89.4
88.6
88.2
87.9
87.7
87.7
87.4
87.4
87.2
93 9
87.4
87.9
88.2
85 8
91.0
86.5
89.5
86.5
84.2
93.2
88.4
90.2
87.5
85 6
93.6
88.9
91.2
88.7
85 9
93.9
87.9
91.4
88.2
85 5
93.9
88.1
91.0
88.4
85 5
93.8
87.7
90.8
88.1
85 5
93.9
88.3
90.4
88.2
84 8
94.0
87.7
90.1
88.5
85 5
94 0
87.7
89.8
88.9
87 6
94 4
87.7
89.5
88.9
86 3
94 3
87.3
88.8
89.2
86 1
93 9
87.4
88.1
88.5
86 0
107
EETAIL PEICES
Department of Labor indexes:
Coal
1913=100
Food#
1913=100
Fairchild's index:*
Combined index
-Dec. 1930=100Apparel:
Infants' wear
Dec. 1930=100 .
Men's—
Dec. 1930=100Women's—
Dec. 1930=100Home furnishings
Dec. 1930=100—
Piece goods
Dec 1930=100
0
WHOLESALE PEICES
Department of Labor index:
72.2
Combined index (784)
1926=10073.6
73.7
74.6
78.8
73.3
76.9
74.8
73.7
76.4
77.6
76.5
76.5
Economic classes:
77.2
Finished products
1926—100
76 0
77 0
78 2
80 8
77 8
79 5
78 2
79 2
77 1
79 2
80 1
79 3
64.1
65.9
Raw materials
1926=100—
66.0
65.1
65.1
73.1
67.3
76.6
68.3
72.1
71.6
73.9
72.2
Semimanufactures
. .1926=100 .
71.9
74.3
74.8
72.9
72.7
71 2
73.9
73.7
72 6
71.0
71 8
71 5
71 1
61.3
61.3
Farm products
.1926=10063.3
73.4
77.6
58.7
59.6
72.0
59.6
64.5
69.8
70.6
70.8
63.2
72.4
Grains
_
_
1926=10062.3
91.5
88.8
63.7
58.8
74.8
88.1
63.9
86.0
85.0
87.2
41.1
48.2
49. £
Livestock and poultry
1926=100..
49.2
48.3
64.1
73. 3 '
57.2
47.8
48.8
56.2
55.3
54.0
a
Revised.
p Preliminary.
* New series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products and p. 19 of the December 1932 issue, Fairchild price index.
§ Data for Feb. 15, 1935: Total 111, chickens and eggs 119, cotton and cottonseed 108, dairy products 121, fruits 90, grains 114, meat animals 105, truck crops 188, miscellaneous 101.
t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. Revised total, rubber adjusted and sugar adjusted indexes
for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from July 1933-June 1934. See p. 23
of the September 1934 issue.
# The data on retail prices of food until Aug. 15,1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly
for months subsequent to August 1933 represent the figure neares tto the 15th of the month.
Digitized figures
for FRASER
24
Monthly statistics through December 1931, j
together with explanatory footnotes and refer- |
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
SURVEY OF CURRENT BUSINESS
March 1935
1934
1935
January
February
April
March
May
June
July
August
Septem- October Novem- December
ber
ber
COMMODITY PRICES—Continued
WHOLESALE PRICES— Continued
Department of Labor index— Continued.
Combined index— Continued.
Foods
1926 = 100..
Dairy products
1926=100Fruits and vegetables
1926=100 .
Meats
1926=100..
Other products
1926=100—
Building materials
1926 = 100Brick and tile—
1926=100Cement
1926=100—
Lumber
--1926=100..
Chemicals and drugs
1926=100
Chemicals—
.1926=100..
Drugs and Pharmaceuticals. 1926 =100—
Fertilizer materials
1926 =100. _
Fuel and lighting
1926=100..
Electricity
1926=100
Gas
1926 = 100
Petroleum products
.1926=100..
Hides and leather
1926=100..
Boots and shoes
1926=100..
Hides and skins
1926=100Leather
1926=100..
House-furnishing goods
1926 = 100Furniture
1926=100Furnishings 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=100Silk and rayon
1926=100Woolens and worsted
1926=100Miscellaneous
1926=100—
Auto tires and tubes...
1926=100Paper 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=100Coffee
.
- 1923-25=100
Copper
1923-25 = 100..
Cotton
1923-25 = 100Rubber
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.)
PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
1923-25=100 .
Retail food prices
1923-25 = 100
Farm prices* .
1923-25=100 _
Cost of living
1923-25 — 100
1
i
79.9
83.5
62.8
81.6
77.7
84.9
91.1
93.9
79.9
79.3
84.5
73.1
66.5
72.9
66.2 !
66.5
67.9
57.3
78.6
86.7
90.7
89.7
87.2
75.5
78.6
72.2
68.7
71.7
88. 3
92 2
49.4
88.9
98.5
76.7
78.4
81.6
79.9
83. 5
87.9
87.3
68.0
67.1
67.1
68.2
60.0
78.9
87.3
91.2
89.4
85.9
75.4
78.6
72.8
66.4
72.5
88.9
94 6
50.7
87.9
98.5
73.5
76.3
82.0
80.1
84.1
89.1
90.2
68.1
69.8
73.0
70.1
62.2
78.2
87.8
91.1
93.9
86.3
75.6
78.6
73.1
67.9
72.8
90.6
97 5
50.6
87.1
98.4
70.1
75.3
82.0
79.0
85.1
87.7
88.6
68.5
76.2
75 3
85.7
88 2
64.2
28.4
82. 0
69.5
44.6
83. 6
75.0
73 6
82.7
86 3
65.3
26.5
81.0
69.8
44.6
83.7
!
\
i
i
;
;
75.1
72 7
82.6
86 0
62.8
25.0
80.8
70.2
44.6
83.5
71.0
86.6
70, 9
85.5
70.7 ;
86.9 I
42.4
57 8
56.3
45.2
25.8
19 6
27.7
76 3
106.9
42.6
40.9
55.9
59.1
43.8
28. 3 i
18 4
19.5
76 8
110. 6
43.2
40.3
55.9
59.9
41.9
31.0 !
17 9
19.5 i
74 3 '
106.5
42.4
66.7 1
69.1 !
71.7 !
53.3
78.7 !
86.6
87.2
93.9
87.3
75.5
78.8
71.5
69.2 !
72.4 !
91.8
89.3 '
50.3 i
89.6 !
98.4 !
78.0 1
80.1
81.0
79.2
83.0
87.0
86.3
65.8
67.3
68.9
71.6
56.5
78.5
86.4
88.5
93.9
86.4
75.7
79.0
71.9
69.5
71.4
48.8
86.2
97.1
71.1
74.3
81.2
78.2
84.3
85.8
85.7
67.6
64.3
65.0
68.0
48.9
78.3
86.3
86.6
93.9
87.4
74.4
78.8
65.2
68.4
73.1
92.3
90 8
51.1
89.5
98.5
77.2
79.9
80.8
78.8
82.9
85.5
83.6
66.1
68.0
70 3
78.4
84 1
63.5
28.6
73.8
70.7
47.5
81.5
72.5
76.5
87.5
86.5
70.6
29.7
84.3
67.5
43.2
83.0
72.7
76 9
87.2
88 6
67.0
31.0
84.3
68.5
43.5
82.7
72.7
76 5
87.2
89 1
65.6
29.4
84.0
69,3
44.6
82.7
75.7
93.7
69.7
87.2
71.7
87.5
47.9
54 4
63.5
46.7
30.7
18 8
47 4
61 4
101 2
49.8
41.2
50.4
57.0
41.5
21.8
20 3
29.9
78 4
103.2
44.1
43.2
57.3
56.3
45.2
24.5
21 7
33.2
78 2
102. 7
42.1
88 K
89 4
48.7
88.7
98.5
73.4
79.7
81.4
79.8
83 2
87.1
86.3
66.3
i1
i
I
|
'•
i
!
!
1
73.9
77.3
65.6
69.4
78.3
85.8
91.3
93.9
81.8
75.7
79.2
72.7
64.8
74.6
92.6
99.2
51.6
83.8
97.9
57.4
71.3
81.8
78.9
84.6
86.7
86.6
68.9
76.1
76.2
66.0
76.6
78.3
85.6
91.3
93.9
82.3
76.5
80.3
72.7
66.4
74.6
95.2
99 3
51.3
84.1
97.9
60.4
70.6
81.8
78.8
84.8
86.6
86.5
68.4
74.8
77.1
67.6
70.0
78.0
85.2
91.2
93.9
82.0
77.1
81.1
73.5
65.7
74.6
94.5
96 9
50.4
83.8
97.7
59.7
70.5
81.7
79.0
84 4
86.3
86.2
68.1
75.1 ;
78.6 1
65.3
68.4
78.0 !
85. 0 i
91.2 i
93. 9 '
81.2 ;
76. 9
80. 9
73. 5
64.6 i
74.4 i
94. 0 !
92 4 1
50. 5
84. 2
97.3 i
63.1 !
70. 8
81.3
78. 4
84.3 i
86. 2 ;
86. 0
67. 7
75.3
79.6
62.4
69.0
78.0
85. 1
91.2
93. 9
81.2
° 77. 8
82. 2
73. 4
65.3
73.7
93. 1
89 3
49. 8
85. 1
97.2
67.4
71. 8
81.2
78. 2
84 2
85. 9
85. 6
67. 5
75.0
71.5
81.9
85 1 1
59.5
24.5 !
80.7 !
69.9 !
44.6
82.4 1
75.0
70.8
79.5
86.4
59.3
24.4
78.9
70.2
44.7
82.4
71.6
71 1
79.7
87 8
59.9
24.3
78.0
70.2
44.7
82.4
68.1
70 3
79.1
86 6
60.5
24.8
74.9
69.7
44.7
82.4
68.8 <
69 7
78.4 :
84 4 i
61.0
25. 8 ;
74.1
70.6 i
47.5 i
82. 1 ;
68.8
70 0
78 4
84 3
61.9
27. 1
74.0
71.0
47.5
81. 5
71 5
88.6
72.1
89.0
73.4
89.7
73.2
90.2
71.8
89.1
71. 9
90.2 :
73. 5
91.8
43.6 11
55 9
62.1
45.2
31. 6
16 8
32 9
69 0
101 9
42.7
47.0 !
53.9
63.5
47.4 i
34.2
15.9
41.6
66 4
103.3
48.4
50.4
56.8 i
63. 5
49.3 i
36.2
15.8 i
43.4
67.5
103.3
59.4
50.1
56.8
63.5
48.2
36.0
15.7
49.4
64 2
102.4
54.5
48.3
55.9
63.5
46.0
32.7
16 6
49.9
66 6
101.3
48.8
48.2
54 9
63. 5
46.3 ;
30.5
18 0
50.9
64 5
101.9
48.3 '••
48.9
55 4
63. 5
46.7
30.3
19 0
51. 1
61 3
101 2
51.4
70.6
74.8
68.2
63.4
78.4
87.0
91.3
93.9
85.3
75.4
78.5
73.0
67.6
73.9
92.4
99 2
51.3
86.3
98.0
66.6
75.1
81.6
78.5
84.8
86.8
86.7
68.8
i
127.7
126 4
137.4
124 7
139.5
142.5
190.8
131 4
136. 8
138. 3
177.0
130 0 1
136.6
138 1
175.1
129 7 1
137. 4
139 5
179.2
129 9
136.6
138 5
179.2 i
129 5 i
135. 0
137 4
170. 9
129 2
134.6
136 2
168.9
128 7
131.8
134 0
153.1
127 9
129.7
128.2
142.7
125 6
131.6
129.5
144.1
125 8
131.6 !]
130.4
145.6 !
125 9 i
130.9
131. 1
145.6
1^5 9
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F. R. B.: \
29
28
«25
22
32
40
33
36
30
28
31
Total, unadjusted
1923-25 = 10038
30
11
11
9
12
12
12
10
10
10
14
Residential
1923-25—100
10
13
13
Q
31
32
31
31
27
49
44
27
27
33
26
26
Total, adjusted
.1923-25=100
29
11
11
11
11
11
12
12
12
12
12
10
Residential
1923-25 = 100
12
12
F. W. Dodge Corporation (37 States):*
Total, all types:
7,182
7,625
7,505
7,729
7 927
5, 771
6 458
9 153
Projects
number
5,507
8,114
8 368
7 665 10 013
92, 685
Valuation
thous. of dol— 99, 774 186, 464 96, 716 178, 346 131, 330 134, 439 127, 116 119, 663 120, 015 110, 151 135, 225 111,692
Nonresidential buildings:f
3,535
2,696
2,170
2, 905
3,134
2,526
3,141
3,061
Projects
number..
3,419
2,959
3,210
2,256
2,787
4,939
8,996
7,885
7,258
5,622
4,271
8,093
8,275
5,470
7,673
7,991
7, 524
7,147
Floor space
thous. of sq. ft—
28, 067
39, 440
Valuation __
thous. of dol
32, 958 57, 616 29, 015 57, 329 38, 737 52, 797 43, 142 60, 751 50, 816
42, 309 43, 686
Public utilities :#
165
289
252
232
199
206
156
193
205
Projects
.
number
358
185
245
196
12, 642
12,911
8,651
8,496
7,901
8,707
10, 596
5,599
13, 069
6,510
Valuation
thous. of dol
6,443 21, 003 12, 372
Public works :#
945
1,918
1,087
1,210
876
2,222
1,761
1,184
1, 344
1,051
1,313
1,537
Projects
-.
number
1,101
52, 598
43, 847
37, 156
43, 479
Valuation
thous. of dol._ 35, 699 103, 141 46, 739 71, 937 57, 535 51, 202 44,340 31, 166 41, 906
Residential buildings:
2,491
4,271
3,347
2,962
4,201
3,198
2,900
1,730
3,596
3, 731
3, 027
3,370
1, 965
Projects
-.
. ... number
4,048
7,015
5,319
7,504
4,795
5,030
4,847
3, 634
5,985
6,159
5,528
3,943
8,046
Floor space
thous. of sq. ft..
14, 551
17,854 26, 300
18, 641
19,910
19, 845
15, 110 14, 520 28, 076 22, 686 24, 840 ' 26,565
Valuation
thous. of dol— 22, 410
Engineering construction :^
Total contracts awarded (E. N. R.)
101,419
94, 439 90, 501 134, 148
thous. of dol.. 148, 264 133, 581 104, 261 147, 204 101, 192 116, 743 i 109,993 118,000 109, 115
a
Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World Prices, p. 20, September 1932; Purchasing
Power of the Dollar, p. 18, August 1933 (except farm prices). (See the footnote on this series below.)
• Index of farm prices have been completely revised. Refer to p. 20 of the November 1934 issue. The reciprocals of the new series have not been published prior to
September 1933. See p. 24 of the November 1934 issue.
t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
1 Months of March, May, August, and November 1934 and January 1935 include 5 weeks; other months include 4 weeks.
A
A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August 1934 issue
t Indexes are based on 3-month moving average of F. W. Dodge data centered at second month.
SUEVEY OF CUEEENT BUSINESS
March 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
25
1934
February
c ONS1'RUCTION
March
April
May
June
July
August
Se
b^m" October
NTovem- December
ber
AND REAL, ESTATE— Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous. of sq. yd_.
3,271
Roads only
thous. of sq. yd_.
2,356
Highways:
Approved for construction (N. I. R. A.}:*
Mileage
- number of miles
3, 367
Public works funds allottedf- thous. of dol__ 57, 573
Under construction (N. I. R. A.}:*
Estimated total cost
tnous. of doL. 145, 639
Public works funds allotted t- thous. of doL. 130, 660
4,146
Federal aid funds allotted ---thous. of doL.
6,836
Mileage
number of miles
3,921
2,131
3,586
2,356
3,353
2,143
2,459
1,463
3,752
2,200
2,628
1,572
4,491
80, 795
4,333
80, 456
4,267
77, 283
3,279
62, 216
2,405
43, 297
1,718
31, 149
197, 088
180,944
7,042
12, 084
216, 291
198, 759
7,574
12, 827
239, 974
221, 169
7,955
13, 062
269, 229
248, 942
8, 435
14, 111
288, 460
267, 371
8,914
14,311
283, 506
263, 042
8,634
13, 674
2,949
2,093
4,600
3,491
2,858
1,557
1,225
1,614
22, 481 " 25, 548
a
2 886
38, 824
5,082
3,760
0
2 845
43, 654
3,619
3,101
0
6,301
4,336
2 892
46, 851
267, 509 231, 554 203, 027 179, 453 159. 599
246, 394 "211,960 "183, 915 °160, 775 °139, 017
8,421
7,123
5,399
7,608
6,093
12, 524
10, 220
8 831
7,280
7,879
3 320
" 58, 065
0
147, 807
131, 388
4,714
6,911
CONSTRUCTION COSTS
Building costs—all types (American Appraisal
Co ) *
1913 = 100
Building costs—all types ~(A. 0. C. ). 1913 =100. _
Building costs— all types (E. N. R.) §_1913 = 100_.
Building costs factory (Aberthaw) 1914—100
153
180
198.7
154
156
157
168
191.3
169
194.0
172
194.0
176
180
195.9
180
199.6
180
199.6
177
182
199.7
183
198.4
157
182
200.6
177
158
181
200.9
181
201.4
180
201.9
177
23, 431
17, 896
28, 003
15, 917
31, 443
14, 198
31,312
16, 111
22, 029
15, 807
25, 271
16, 680
20, 006
16, 348
19, 484
15, 499
19, 613
15, 462
16, 244
15, 972
18, 236
16, 723
20, 114
16, 940
23, 896
17, 736
82, 585
92, 497
51.5
94, 040
46 3
93, 125
46 3
88, 922
45 2
86, 842
45 7
86, 248
47.9
85, 723
48 3
85, 519
52 5
86, 647
48 6
87, 446
56 1
87,714
51 8
87, 258
53 4
2,495
188
2,561
4 363
4 451
12
4,527
544
35
25
117
1,497
57
1,218
26
8
24
318
95
15
6
0
158
158
157
157
158
158
MISCELLANEOUS DATA
Construction—employment and wages:
Employment, Ohio. (See Employment.)
Wages, road building. (See Employment.)
Fire losses, United States
thous. of doL_
Foreclosures **
-number-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.)
DOMESTIC TRADE
ADVERTISING
Radio broadcasting:
Cost of facilities, total
thous. of dol_.
Automotive
_ - -thous. of doL_
Building materials
thous. of dol
Clothing and dry goods
thous. of dol—
Confectionery
thous. of dol
Drugs and toilet goods
thous. of dol._
Financial
thous. of dol
Foods
thous. of doL_
House furnishings
thous. of dol__
Machinery
- -thous. of dol _
Paints and hardware
thous. of dol._
Petroleum products
thous. of dol
Radios
thous. of dol _
Shoes and leather goods
thous. of doL.
Soaps and housekeepers' supplies
thous. of dol__
Sporting goods
thous. of dol_.
Stationery and publishers. __ thous. of dol__
Tobacco manufactures
thous. of doL.
Miscellaneous
thous. of dol__
Magazine advertising:
Cost, total
thous. of doL_
Automotive
thous. of dol__
Building materials
thous. of doL.
Clothing and dry goods
thous. of doL_
Confectionery
thous of dol
Drugs and toilet goods
thous. of doL_
Financial
thous. of dol_Foods
thous. of dol
Garden
thous. of doL.
House furnishings
thous. of dol__
Jewelry and silverware
thous. of doL.
Machinery
thous. of doL_
Office 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.-
3,740
338
7
40
109
1,168
63
999
46
3,728
371
32
30
78
1,168
56
974
60
3,104
12
77
68
921
36
688
12
22
267
4£>
(i
24
241
20
243
13
202
45
36
33
5
188
0
0
0
0
2,249
178
0
19
34
787
36
719
6
0
7
189
39
6
142
0
13
392
89
19(1
(1
18
41fi
112
190
0
31
326
114
216
0
35
310
110
178
0
48
187
107
141
0
27
93
65
112
0
23
38
54
160
0
24
46
16
134
0
49
316
48
178
0
72
302
75
174
0
56
319
46
6,283
486
97
178
100
1,332
179
1,173
50
229
119
23
110
17
167
235
124
54
8,209
1,136
139
187
86
1,894
192
1 785
76
348
34
32
83
45
119
65
110
39
9, 232
11, 586
1,665
267
393
165
2,170
266
1 711
61
1,039
190
45
102
203
228
100
128
213
10, 822
1,639
191
326
178
2,119
241
1 568
41
780
236
39
99
135
303
85
133
222
9,200
1, 386
171
281
178
1,884
222
1 607
31
351
86
32
81
88
288
98
132
106
7,291
997
131
113
226
1,698
195
1 330
8
183
36
41
70
24
248
64
143
39
8,008
1,016
214
296
178
1,502
230
1 366
16
448
52
32
59
51
213
80
150
134
10, 653
965
295
477
212
1,992
232
1 823
11
817
179
52
139
144
229
238
128
237,
10, 852
6:2
11, 693
1,543
293
413
168
2,431
250
1 969
75
867
109
40
110
163
258
108
113
198
274
452
209
2,382
285
2 071
7
796
233
60
180
84
163
213
109
201
8,938
362
196
278
237
1, 819
232
1 636
18
539
284
49
146
28
180
180
115
123
336
93
166
421
283
312
1,375
583
55
161
439
284
319
1,765
5J3
72
187
44')
343
414
2, 013
717
114
198
523
459
574
2,469
711
184
149
425
521
652
2,501
643
223
137
486
418
580
2,271
651
223
117
454
257
472
1,853
438
179
82
461
152
433
1,534
461
169
167
433
188
554
1,827
556
112
310
548
313
643
2,264
555
101
257
503
302
660
2,317
318
179
385
539
354
739
2,136
4,646
408
22
29
185
1,610
49
1,303
15
8
19
273
97
0
«3,798
268
15
18
"150
1,196
65
a
1, 014
55
12
20
259
47
0
3,585
338
4
30
142
1,089
57
945
36
3
21
245
39
0
3,998
348
185
0
54
321
67
145
0
13
437
84
6,506
825
116
171
151
1,450
253
1,071
57
134
45
55
108
11
103
100
130
27
235
83
152
406
221
603
1,581
o
36
119
1,222
64
1,061
7£
c
98:!
is.-;
298
14'»
2, 191!
220
1. 910
59
53,'}
33
27
91
9L
14,5
11.5
101
o
o
309
26
22
80
1,022
37
829
o
o
o
34
222
18
27
20
969
40
700
38
0
19
193
56
299
37
28
115
1,460
51
1,259
29
17
21
325
91
380
33
36
130
1,513
46
1 279
17
21
16
289
96
* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N. I. R. A. highway work started in September 1933;
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. See special note below on foreclosures.
t Revised series. See p. 20 of the October 1933 issue, Magazine linage. Data on Public Works funds allotted revised from August-December 1934 to include funds
allotted from the 1935 Public Works funds.
§ Index as of Feb. 1, 1935, 196.0.
• Compiled by the Federal Home Loan Bank Board and represent the number ol foreclosures on all types of properties in 1,013 identical communities in 48 States
having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,
209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the
figures^for
these months are from a slightly different-number of communities.
0
Revised.
117515—35
4
26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935 j
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 1935
1934
February
March
April
1
May
!
June
July
August
Se
^' October
N
™f- December
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising: 0
Lineage, total (52 cities)
thous. of lines. _ 88, 055 82, 455 80, 788
Classified
thous. of lines -- 15 781 15 045 13 661
Display
thous. of lines.. 72, 274 67,409 67, 126
Automotive
thous. of lines . . 6,260
5,931
4,358
Financial
thous. of lines-- 2,083
2,159 1
1,643
General
thous. of lines. 14, 989 13,977 1 16 745
Retail
thous. of lines.- 48, 942 45, 343 44, 381
GOODS IN WAREHOUSES
Space occupied, public merchandising warehouses
- percent of total..
67 6
67 2
NEW INCORPORATIONS
Business incorporations (4 States) — number. . 2,608
2,864
2,106
POSTAL BUSINESS
Air mail, mile performance* thous. of pounds. .
Money orders:
Domestic, issued (50 cities):
Number
thousands. . 3,780
3 611
3 419
Value
thous. of do!.. 36, 429 34 551 31 743
Domestic, paid (50 cities) :
Number
thousands.. 11,916 11 282 10 056
Value
thous. of dol.. 90, 710 89, 761 79, 192
Foreign, issued— value
thous. of dol._
2,030
2,006
Receipts, postal:
50 selected cities
__ thous. of dol_.
50 industrial cities _ .
thous. of dol..
RETAIL TRADE
Automobiles:*
New passenger car sales:
Unadjusted
-__ 1929-31 =100..
54.2
22 8
45 7
Adjusted
- .1929-31=100..
79 0
54 5
33 5
Chain store sales:
Chain Store Age index:*t
Combined index (18 companies)!
av. same month 1929-31=100..
92
89
91
Apparel index (3 companies) t
av. same month 1929-31= 100. _
95
93
90
Grocery (5 companies)!
av. same month 1929-31 =100. .
86
82
81
Five-and-ten (variety) stores:*
Unadjusted
__ 1929-31 =100.. v 67.2
70 2
73 0
Adjusted
...1929-31=100.. ?90. 2
87 5
94 2
H. L. Green Co., Inc.:*
gales
thous. of dol. _ 1,557
1 525
1 619
Stores operated
number
128
132
' 13°
S. S. Kresge Co.:
gales
thous. of dol__ 8,488
8 825
8 797
Stores operated
- -number
732
'721
722
S. H. Kress & Co.:
Sales
thous. of dol._ 4,762
5 107
5 083
232
Stores operated
number..
231
231
McCrory Stores Corp.:
Sales
thous. of dol
2, 148
2 492
2 497
Stores operated
number. _
207
209
205
G. C. Murphy Co.:
1,803
Sales
- - -thous. of dol
1 555
1 584
186
Stores operated
number
180
179
F. W. Woolworth Co.:
Sales
-thous. of dol_ . 17, 148 18 137 |J 17 861
1,955
Stores operated
..number
1 937
1 937
Restaurant chains (3 companies):
Sales
thous. of dol_
3 472
3 146
Stores operated
number
374
373
Other chains:
W. T. Grant & Co.:
Sales
thous. of dol._ 5, 166
4 833
4 550
465
Stores operated
number
457
457
J. C. Penney Co.:
12, 905 a 12 440
Sales
thous. of dol
11 745
1,474
Stores operated
number
1 466
1 466
Department stores:
Collections:*
Installment account
percent of accounts receivable
15 8
16 4
Open account
percent of accounts receivable
42 4
39 3
59
Sales, total value, unadjusted— 1923-25=100—
59
57
61
Atlanta*
1923-25= 100..
59
68
Boston
Chicago*
.
Cleveland*
Dallas*
Kansas City
Minneapolis*
New York*
Philadelphia*
Richmond
St. Louis
San Francisco*
1923-25=100
1923-25=100..
1923-25 =100
1923-25 = 100
1923-25=100.
1929=100
1925-27=100
1923-25= 100..
1923-25 = 100
1923-25=100
1923-25 =100. .
59
*61
58
60
55
»61
58
44
65
54
66
61
56
52
57 1
52 |
61 i
58
44
61
53
60
46
57
56
66
54
52
60
45
57
52
62
103, 648
16 577
87, 071
6,179
2,010
19 384
59, 498
107, 491 112, 122
17 808 I 17 932
89, 683
94, 190
8,180
9, 296
1,808
1,481
20 183
21 798
59, 512
61,616
103, 646
18 689
84, 957
9,503
1,528
19 531
54, 395
83, 183
16 475
66, 709
7,076
1,718
15 279
42, 636
87, 692
17 790
69, 902
6,514
1,219
13 769
48, 401
96, 378
17 936
78, 442
4,841
1,193
16 103
56, 305
108, 810
18 605
90, 205
3,917
1, 653
22 039
62, 595
106, 999
17 414
89, 585
3, 592
1, 285
19 095
65, 614
105, 669
17 389
88, 280
3, 920
1,432
13 482
69, 416
67 4
65 9
66 0
70 1
65 8
66 0
63 9
63 2
65 7
67 1
2,507
2,393
2,320
2,185
2,048
2,013
1,788
2,140
2, 092
2, 106
246 861
374 591
454 193
511 006
487 707
580 239
3 822
36 183
3 519
34 225
3 553
34 097
3 452
33 896
3 270
32 670
3 286
32 795
3 138
31 753
3 915
36 639
4 394
34 306
4 040
38 328
11 999
94, 176
3,047
10 476
85, 219
2,118
11 257
89, 684
2,219
10 953
88, 088
2,422
9 784
83, 727
2,043
10 253
88, 045
2,299
10 375
87, 976
2,507
12 620
111,756
1,985
12 049
102, 390
2,267
13 142
101, 699
5,567
68 4
64 5
87 9
59 0
78 1
55 5
84 6
63 5
73 9
67 0
63 1
56 0
51 9
53 o
47 3
59 0
39 2
63 0
a 97 7
a 49 0
94
91
92
90
92
93
93
95
92
93
100
103
98
91
88
97
99
101
102
99
81
82
82
84
85
87
86
85
85
«86
87 2
94 8
82 5
87 2
90 0
90 0
86 3
90 8
79 7
89 5
79 9
90 3
85 5
89 5
91 3
90 0
92 9
91 5
163 9
88 9
2 377
133
1 903
133
2 218
132
2 287
131
1 840
131
1 974
132
2 081
131
2 327
1 on
2 28^
130
4 446
130
12 321
723
10 146
724
11 680
723
11 523
724
9 472
724
10 252
726
10 414
727
11 499
728
11 985
731
21 213
731
6 331
230
5 732
230
6 096
230
5 757
229
5 336
227
5 574
227
5 685
227
6 367
230
6 IS9
239
12 412
232
i
3 257
' 204
2 582
204
2 745
204
2 820
202
2 365
200
2 419
195 i
2 390
194
2 777
194
9 Q5^
194
5 596
194
2 246
180
2 060
180
2 367
181
2 466
181
2 076
181
2 118
181
2 105
181
2 481
' 184
2 426
185
4 471
186
24 035
1 940
19 788
1 944
22 005
1*946
22 000
1 949
19 515
1 949
20 795
1 951
21 342
1 954
23 304
I 954
22 332
1 956
39 566
1 954
3 678
373
3 541
372
3 475
373
3 308
372
3 265
372
3 623
372
3 520
369
3725
368
3 444
365
3 766
367
6 774
457
5 950
457
7 igo
457
7 361
458
5 743
458
6 295
458
6 572
461
7 822
462
7 494
464
14 919
465
16 497
1 467
15 477
1 465
17 086
1 467
16 797
1 465
13 967
1 465
16 119
1 467
19 984
1*468
21 242
1 469
21 381
1 473
29 300
1 474
18 3
17 3
17 5
16 0
15 0
16 0
15 6
17 1
16 7
16 5
42 7
73
84
73
74
71
80
75
78
72
64
92
71 I
75 i
41 6
73
83
64
71
73
76
70
70
72
60
81
67
70
43 6
77
83
71
77
79
77
74
75
73
65
97
75
71
43 3
70
74
70
72
70
68
63
69
70
64
90
62
65
40 7
51
58
45
50
50
53
48
47
53
43
59
43
60
38 9
60
70
54
65
59
59
64
64
60
48
73
58
39 0
79
90
66
79
71
91
85
gi
77
59
85
76
80
44 3
82
91
44 1
83
91
73
43 9
° 135
146
78
71
gS
81
85
88
72
112
74
74
99
78
76
8()
70
1
l
|
i
i
i
!
74
|
1
i
'
i
i
CO
i
!
i
1
j
81
a 192
a 126
199
146
a 199
1Q9
117
137
115
17°
78
a H7
W
144
° Revised. » Preliminary.
* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p. 18 of the March 1934 issue. Data prior to Ociober 1933 on collections
not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available prior
to May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933. For earlier data on department store sales by
Federal Reserve districts, see p. 20 of the February 1935 issue. Note that the combined index of department store sales is computed by the Federal Reserve Board and the
district indexes are computed by the Federal Reserve banks. For districts not marked by an asterisk the series are as previously published.
t Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
index and grocery index of Chain Store Age have been revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
• New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement and
monthly issues prior to December 1934.
27
SUEVEY OF CURRENT BUSINESS
March 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
1934
March
DOMESTIC
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued.
Sales, total value, adjusted
1923-25=100—
Atlanta*
1923-25=100 _
Chicago*
1923-25=100..
Cleveland*
1923-25 = 100
Dallas*
1923-25=100 _
Minneapolis*
1929=100New York*
1925-27 = 100
Philadelphia*
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..
Rural sales of general merchandise:*
Unadjusted
1929-31 = 100..
Adiusted
1929-31-100
72
77
*75
77
72
69
73
54
79
57
64
41, 194
17, 418
23, 776
72.6
87.5
0
0
69
74
69
68
68
69
72
54
72
71
78
72
68
78
69
71
55
74
77
86
75
77
80
79
81
69
79
77
84
72
68
81
68
77
62
73
77
82
75
74
74
74
77
67
73
74
82
73
72
73
71
73
67
74
72
83
69
66
76
61
71
59
73
79
90
82
70
82
74
78
63
76
76
96
76
68
86
75
75
66
78
74
76
71
67
74
72
77
63
78
73
80
70
70
79
77
76
58
81
7.4
9.4
6.6
6.5
7.5
6.1
7.6
12.2
8.5
8.5
7.3
4.7
59
66
63
66
67
65
68
65
68
66
63
65
59
64
61
64
67
64
71
64
74
65
60
64
36, 016
15, 422
20, 594
43, 592
18, 312
25, 280
46, 037
20, 872
25, 165
51, 072
20, 935
30, 137
46, 330
19, 266
27, 064
37, 387
15, 891
21, 496
44, 134
18, 915
25, 219
52, 997
23, 093
29, 904
64, 134
29, 704
34, 430
60, 595
26, 901
33, 694
76, 631
34, 684
41, 947
73.1
80 7
74.0
79 6
70.8
73 8
74.9
79 7
68. 3
72 3
58.2
75 5
68.1
79 2
97.9
98 8
108.7
89 1
110.4
89 8
134.2
94 5
36, 750
14, 779
21, 971
66.0
79 5
EMPLOYMENT
CONDITIONS
a
76
86
75
74
89
78
78
65
83
AND WAGES
EMPLOYMENT
Factory, unadjusted (B. L. £.)*__ 1923-25 = 10078.6
73.3
75.8
80.8
"82.4
"78.4
76.8
77.7
"82.5
« 78. 7
79.5
"78.0
«81. 1
108.3
108.6
Chemicals and products
1923-25=100..
107.9
109.4
108.6
110.6
112.8
106.9
113.3
106.1
104.5
105.3
« 108. 8
103.0
108.0
104.4
Chemicals
1923-25=100
104.8
107.7
106.5
104.8
111.7
112 3
110.9
103 9
110.8
111.2
Druggists' preparations
1923-25=100..
101.3
101.9
102.4
103.0
106. 8
103.1
100.6
105.5
97.7
93.8
98.6
96.9
102.8
Paints and varnishes
1923-25=100
98.7
93.9
98.4
98.8
99 7
97.6
102 6
107 4
99 1
99 6
106 1
101 2
99 5
Petroleum refining
1923-25 = 100. . 109.0
110.2
110.3
110.6
'113.4
112.9
107.8
109.5
112.9
111.4
111.7
111.9
"110.8
337.4
Rayon and products
1923-25=100
319 4
325.2
321 9
267 7
304 2
305 5
320 8
319 0
273 8
296 8
307 0
329 5
97 2
94 3
127 1
Food and products
1923-25—100
94 1
93 9
96 2
122 1
119 5
109 0
99 6
105 1
110 1
103 8
Baking
1923-25 = 100.. 106.5
106.4
108.4
115.4
110.3
111.2
113.2
115.7
116.1
115.4
116.3
115.8
114.6
144.6
140.5
141.5
147.7
Beverages
-1923-25=100
169 1
185.8
176.7
151 9
156.6
183 0
188 9
168 2
148 7
Slaughtering, meat packing.. 1923-25 =100..
121.2
94.3
96.5
95.5
92.8
112.4
109.3
92.4
103.5
96.7
101.4
117.6
105.5
Iron and steel and products__-1923-25=100-_
67.7
63.5
66.0
66.2
66.6
70.0
75.2
68.6
72.6
70.3
66.0
66.6
76.4
B last furnaces and steel works. 1923-25 = 100. _
69.3
65.3
65.0
67.3
70.1
72.4
65.9
72.9
79.1
69.7
65.4
76.8
66.9
Structural and metal work. .. 1923-25 =100..
56.0
53.9
51.6
52.8
58.5
59.0
59.0
58. 6
57.1
57.9
56.0
"57.6
59.7
Tin cans, etc
1923-25=100
83.6
79.1
-85.4
99. 1
101 0
79.6
88 2
91 2
99 6
93 9
89 6
96 7
85 5
Leather and products
1923-25=100..
88.3
82.9
90.3
92.7
89.4
91.1
85.7
91.4
83.4
81.6
92.3
84.8
87.7
Boots and shoes
. . .1923-25 = 100
87.0
80.8
92 2
92 2
91 9
85 5
82 3
89.6
91 3
89 0
82 9
79 8
86 8
Leather
1923-25 = 100
94.0
91.4
93.6
95.1
92. 1
88.4
86.8
93.2
91 5
88 2
89 2
92 7
91.5
47. 1
Lumber and products
1923-25=100
45 6
47.1
48 5
49 0
49 3
49 4
51 0
49 5
48 8
48 6
50 0
47 8
64.1
Furniture
1923-25=100
60.0
62.9
62.4
63.0
60 8
61 3
62 4
62 0
65 0
65 2
66 5
65 0
Mill work
1923-25 = 100
35 9
36 1
36 2
33 3
37 6
34 6
36 3
39 4
40 4
37 0
36 3
37 9
36 7
Sawmills
1923-25=100
32 6
30.9
30.7
31.3
33 9
34 3
34 1
32 8
36 1
33 8
33 9
31 6
35 1
Turpentine and rosin
1923-25—100
95 6
102 4
97 8
98 6
101 4
98 3
96 2
92 4
101 2
97 3
92 9
98 6
89 3
a
a
0
Machinery
_ _ 1923-25=100
72 9
79.6
70 0
76 8
78 9
80 3
81 3
79 0
78 0
77 9
77 9
80 8
78 5
Agricultural implements
1923-25 = 100 . . 89.6
65.8
75.6
75.9
87.2
83.0
66.8
67.8
69.3
79.6
72.9
83.8
73.3
Electrical machinery, etc
1923-25=100..
65.9
57.8
59.2
61.8
65.4
65.4
65.3
63.7
65.1
65.9
65.6
66.2
65.0
Foundry and machine-shop products
1923-25=100..
69.2
61.2
64.1
66.8
68.3
66.4
66.0
71.6
73.6
69.0
73.1
69.5
66.8
Radios and phonographs
1923-25=100..
191.9
181.7
219.9
177.5
187.6
201.2
200.2
217.5
214.5
205.0
222.8
207.9
206.0
76.0
73.2
Metals, nonferrous
1923-25=100..
67.3
70.9
75.1
73.4
75. 1
76.0
76.9
77.8
76.9
75.9
«73.1
Aluminum manufactures
1923-25 = 100. .
61.2
78.0
57.5
79.6
81.5
67.7
82.2
78.1
«67.5
61.8
62.5
62.2
76.0
Brass, bronze, copper prod.. .1923-25 =100..
75.3
70.9
72.7
78.1
70.8
79.1
81.2
72.7
72.0
71.0
74.0
78.2
75.0
89.1
Stamped and enamel ware. __ 1923-25 =100..
84.4
72.7
79.8
87.5
87.1
95.6
82.9
83.9
94.0
90.3
87.5
93.0
a
a 97 5
Paper and printing
_ .1923-25=100
92 4
93 1
95.8
93 7
93 8
95 3
95 1
95 9
94 7
93 4
96 4
96 8
Paper and pulp
1923-25 = 100.
107.6
100.3
102.5
104.4
105.4
107.2
106.8
104.8
104.8
106.6 « 106. 9
« 107. 4
106.0
Railroad repair shops
1923-25 = 100..
53.4
51.6
52.8
55.5
57.8
59.6
55.2
58.3
55.7
52.0
53.9
51.6
59.8
Electric railroad
1923-25 = 100
65.3
65 8
65.9
66 3
66 3
66 7
66 7
66 0
65 7
65 7
66 3
65 1
65 5
Steam railroad
1923-25 — 100
50 6
52 5
51 8
54 7
57 2
59 1
54 4
59 3
55 0
50 5
51 0
57 7
53 1
Rubber products
1923-25 = 100..
81.8
82.0
84.6
87.1
78.4
90.0
89.1
80.7
83.9
77.4
76.6
79.0
85.6
Rubber tires and tubes
1923-25=100..
74.7
71.5
74.6
78.1
82.1
70.4
73.9
82.7
77.4
69.4
68.7
71.9
81.7
47.2
Stone, clay, and glass products. 1923-25 =100..
47.3
52.1
49.8
53.1
52.2
50.1
55.3
57.7
57.1
54.2
52.9
51.9
Brick, tile, and terra cotta
1923-25= 100. _
24.8
24.7
25.6
26.9
30.4
30.5
31.8
29.9
33.1
31.7
28.0
34.4
29.9
37 2
Cement
. .1923-25 = 100
35 6
41 0
42 4
48 0
55 0
57 6
59 1
54 0
48 2
41 6
58 4
50 7
86 5
Glass
1923-25-100
89 5
83 8
93 9
95 9
95 1
87 6
87 3
88 5
93 6
89* 1
86 1
87 4
Textiles and products
1923-25=100
95.2
88 2
96 8
100 0
99 1
88 2
96 1
90 9
73 1
92 3
90 9
92 8
85 9
Fabrics
1923-25 = 100..
95.8
89.4
96.4
98.4
94.9
96.8
85.6
62.0
89.7
94.0
87.0
89.9
89.7
Wearing apparel .. _
1923-25=100
89.4
93 4
81 4
99 4
100 0
90 1
94 7
89 3
95 5
94 4
89 6
86 0
79 8
Tobacco manufactures
1923-25=100
56 5
62 1
54 5
64 4
64 7
61 3
62 4
65 1
64 0
64 7
61 1
65 3
61 9
Transportation equipment
1923-25 = 100, _
92.1
71.2
°84.6
93.4
"99.4
«74.2
62.2
"99.7
«83.7
"78.4
«88.4
«95.6
«64. 2
Automobiles
. . .1923-25 = 100
107.7
97
4
80
3
108
4
114
9
114
4
92
5
67
1
106
8
98
4
80
9
88
9
a
a
Cars, electric and steam
1923-25=100..
34.2
31.5
« 37. 7
32.4
«46.2
"41.1
«50.6
«51.7
44.8
34.0
«55.8
«36.6
«57.8
a gg 5
Shipbuilding
1923-25=100
67 7
66 0
64 4
69 3
71 7
71 2
69 3
73 1
69 2
71 2
76 6
71 3
Factory adjusted (F. R. B.)*
1923-25=100..
80.4
78.4
75.1
81.0
82.2
82.4
79.4
79.3
76.7
81.4
73.9
76.7
°78.9
108.4
Chemicals and products
1923-25=100..
107.7
109.6
110.9
109.4
107.9
107.2
109.6
110.9
108.2
107.5
« 108. 1
108.9
Chemicals
1923-25 = 100
101 6
103 4
103 1
106 5
113 1
110 1
114 9
102 3
113 9
115 1
108 5
105 3
101 8
Druggists' preparations
1923-25 = 100. .
99.1
101.4
99.7
100.9
102.4
ioo!e 100.8 102.1 101.8
101.3
99.0
101. 3
101.4
Paints and varnishes
1923-25=100
101.0
102 2
96.1
97.7
97.7
100 5
103 6
102 2
101 8
99 3
101 1
101 4
100 0
a H2 1
Petroleum refining
1923-25=100
111 1
112 4
112 1
111 3
107 8
113 0
109 7
110 4
111 3
113 1
110 9
109 3
Rayon and products
1923-25=100
337.4
319.4
325 2
321 9
319 0
320 8
267 7
273 8
304 2
307 0
329 5
296 8
305 5
Food and products..
1923-25=100..
104.7
104.0
104.3
107.8
106.4
104.0
110.8
107.3
106.7
no! 5 109.3 107.3
107.9
Baking
1923-25=100
108 8
108 7
110 8
112 6
113 0
113 2
113 4
115 4
114 3
114 6
113 6
115 4
113 7
Slaughtering, meat packing. .1923-25 = 100. _
91.6
93.7
93.9
95.1
95.4
97.9
108.2
101.9
104.1
114.7
122.4
101.1
116.7
Iron and steel and products
1923-25=100..
69.3
64.9
66.4
69.1
71.5
74.3
65.4
66.4
71.4
68.8
76.3
65.6
67.7
Blast furnaces and steel works.!923-25= 100. _
69.8
65.5
66.6
68.6
71.4
75.7
65.4
73.4
70.3
65.9
66.7
79.3
68.0
Structural and metal work ...1923-25 =100..
57.4
53.0
54.3
55.2
56.7
58.9
59.4
57.8
57.6
57.0
57.8
55.8
°58.1
Tin cans, etc
1923-25 = 100..
89.3
83.2
84.5
88.1
87.8
90.3
93.4
95.8
92.4
94.1
93.6
88 9
95. 3
0
Revised.
v Preliminary.
* New series. For earlier data on factory employment unadjusted in detail, see pp. 16 to 18, inclusive, of the June 1934 issue. See pp 16 and 19 of the July 1934 issue
for factory employment adjusted total and in detail, and unadjusted total. See p. 20 of the December 1934 issue for rural general merchandise sales. For earlier data on
department-store sales seep. 20 of the February 1935 issue. Note that adjusted indexes are not available for the Federal Reserve district not shown. Note also that the
index (adjusted) is computed by the Federal Reserve Board and the district adjusted indexes are computed by the Federal Reserve banks.
Digitized forcombined
FRASER
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
March 1935
1934
F
^"
June
May
April
March
August S* October
July
No
m
b™ '
December
EMPLOYMENT CONDITIONS AND WAGES — Continued
EMPLOYMENT— Continued
Factory adjusted— Continued.
Leather and products
- ,1923-25=100
Boots and shoes
1923-25 = 100
Leather....
1923-25=100..
Lumber and products
. _ ,1923-25—100
Furniture
1923-25 = 100
Millwork
1923-25=100
Sawmills
1923-25=100__
Machinery
1923-25=100 .
Agricultural implements
1923-25=100..
Electrical machinery, etc
1923-25=100..
F o u n d r y and machine-shop products
1923-25 = 100-.
Radios and phonographs
1923-25=100..
Metals, nonferrous
1923-25=100..
Brass, bronze, copper prod.. .1923-25 = 100..
Stamped and enamel ware.. -1923-25 = 100..
Paper and printing
1923-25=100..
Paper and pulp
1923-25 = 100
Railroad repair shops
1923-25 = 100..
Electric railroads
1923-25-100
Steam railroads
1923-25 — 100
Rubber products .
1923-25 = 100 .
Rubber tires and tubes
1923-25=100..
Stone, clay, and glass products. 1923-25 = 100..
Brick, tile, and terra cotta__, 1923-25 = 100..
C ement
1923-25 = 1 00
Glass
.
1923-25 = 100
Textiles and products
1923-25 = 100..
Fabrics
1923-25 = 100
Wearing apparel .
1923-25=100
Tobacco manufactures
1923-25= 100__
Transportation equipment
1923-25 = 100. .
Automobiles
1923-25-100
Cars, electric and steam
1923-25 = 100..
Shipbuilding
1923-25-100
Factory, by cities and States:
Cities:
Baltimore*
1929-31 = 100 .
Chicago*
1925-27=100
Cleveland*
1923-25=100..
Detroit
1923-25-100
Milwaukee*
.1925-27=100
New York
1925-27-100
Philadelphia!
1923-25-100
Pittsburgh*!
. 1923-25-100
States:
Delaware!
1923-25=100..
Illinois
1925-27=100
Iowa
1923 = 100
Massachusetts*!
1925-27-100
Maryland*
1929-31 = 100
New Jersey!
1923-25=100
New York
1925-27-100
Ohio
1926-100
Pennsylvania!
1923-25 = 100
Wisconsin
1925-27=100
Nonmanufacturing (Dept. of Labor):
i
Mining:
Anthracite
1929=100__
Bituminous coal
1929-100
Metalliferous
. .
1929=100
Petroleum, crude production ___1929=100_.
Quarrying and nonmetallic
1929=100..
Public utilities:
Electric railroads
1929 - 100
Power and light
1929—100
Telephone and telegraph
1929 = 100__
Trade:
Retail !
1919-100
Wholesale !
1929 = 100Miscellaneous:
Banks, brokerage houses, etc.*!-1929 = 100_.
Dyeing and cleaning*!
1929 = 100
Hotels
1929-100
Laundries*!
1929= 100..
Miscellaneous data:
Construction employment, Ohio. 1920= 100. .
Farm employees, hired, average per farm •
number. .
Federal and State highway employment,
total*
number
Construction*
number-Maintenance*
_. _
.number
Federal civilian employees:
United States*
.number
Washington
number
Railroad employees, class I
thousands..
Trades-union members employed:
All trades
percent of total..
Building trades*
percent ot total
Metal trades*
percent of total
Printing trades*.
percent of total
All other trades*
percent of total
On full time, all trades.. .per cent of total—
89.1
88.4
92.3
48.8
66.4
37.0
32.4
81.4
86.7
65.9
83.6
82.1
89.8
47.2
62.2
34.3
32.1
71.8
63.6
57.8
88.4
87.8
91.2
48.4
63.0
36.6
32.7
74.0
71.1
59.2
90.5
90.0
92.9
49.8
64.1
38.1
33.7
78.4
70.9
61.8
93.0
93.1
93.0
50.0
63.0
39.2
34.5
81.5
82.3
63.7
94.0
94.2
93.4
51.3
64.5
39.9
35.6
82.0
80.5
65.4
91.4
90.9
93.8
49.8
64.7
37.4
34. 2
8.1.2
73.8
66.2
88.9
87.7
94.1
48.8
64.9
36.7
33.1
79.1
73.2
65.1
I
!
70.3
227.9
76.9
75.7
92.0
95.1
107.6
52.4
65.3
51.4
83.3
77.0
51.7
28.2
41.9
94.0
95.1
94.8
91.3
60.7
93.2
108.8
38.3
65.7
62.1
215.8
69.4
71.3
75.1
91.7
100.3
53.6
65.9
52.6
83.4
73.7
52.0
28.1
40.1
91.1
88.1
88.5
83.1
58.4
72.1
81.1
35.3
62.5
63.8
216.4
70.1
71.3
78.9
92.9
102.5
54.2
65.8
53.3
85.1
75.4
52.7
29.4
46.1
91.8
95.1
94.8
91.3
62.6
82.5
94.6
40.5
62.8
67.4
250.8
73.7
76.0
84.3
93.4
104.4
55.8
66.3
55.0
89.0
79.7
53.1
29.2
45.3
93.1
97.3
96.5
94.9
64.9
89.6 I
103.7
41.4
65.7
70.4
253. 7
76.0
77.7
91.4
95.5
106.8
57.4
66.3
56.8
90.4
80.7
54.7
30.3
48.2
94.4
97.8
96.1
97.3
65.7
94.0
108. 8
42.8
67.3
72.4
239.4
78.2
80.7
94.3
96.5
107.2
59.2
66.7
58.7
87.5
78.9
56.2
31.3
55.9
93.4
96.0
94.8
94.8
61.6
91.2
104.1
46.1
70.9
72.3
227.4
76.8
78.7
92.9
95.5
106. 0
59.4
66.7
58.8
83.2
76. 7
54.9
32.0
55. 4
90.5
92.2
91.1
90.8
62.7
90.6
101.1
53.2
75.7
69.5
213.5
75.1
75.8
91.4
94.4
104.8
58.0
66.3
57.4
82.8
74.0
53.9
29.3
54.3
92.8
90.2
90.6
|
!
!
!
76.7
65.6
83.9
108. 3
86.9
70.7
86.5
65.5
72.1
60.8
78.5
83.2
76.7
66.9
a
78.4
"60.5
76.1
63.2
83.6
99.1
75.8
71.4
°81. 4
« 64. 1
79.6
64.2 !
84.5 !
107.7 11
80.6
74.7
°83.9 i
"65.8
84.6
65.1
88.5
112. 7
81.6
74.7
o 84. 5
"67.0
84.5
66.9
87.5
100.5
86.2
73.3
"83. 3
"69.2
81.9
67.7
86.7
83.1
85.1
70. 5
« 82. 9
«70,8
81.6
67.2
82.6
83.9
82.6
68.1
"82.3
« 68. 4
84.4
69 9
« 88. 2
64.0
98.4
68.5
79.0
75.7
»90.4
66.0
101.6
73.0
83.8
« 73. 9
69.6
85.4
« 72. 4
77.2
°92.7
69.1
105. 5
74.1
86.7
a
75.0
72 9
89! 6
a
74.7
79.3
°93. 0
70.4
108. 9
74.8
90.3
a
74. 8
73.2
91.9
« 75. 6
79.6
"92.4
72.1
111.0
73. 5
89.4
a
76.4
72.1
93.8
"75.5
84.1
"94.7
72.7
111.7
69.3
87.6
« 76. 9
71.0
93.3
a
75. 6
84.1
«93. 5
71.5
106.7
67.6
87.0
a
76. 5
69.7
89.0
"74.4
85.7
62.9
80.0
44.3
74. 9
36.9
64.1
75. 8
39.6
73.2
39.7
63.2
76.1
40.3
72.4
38.8
67.5 \
77.8
39.8
72.8 !
42.0
58.2
72.2
41.7
74.0 !
48.7 ;
63.8
76.7 i
40.8
76.7 i
54.3 j
57.5
76.7
41.0
80.0
56.6
71.2
82.7
70.5
70.5
82.2
70.2
71.0
81.2
69.8
71.7
81.7
70.0 i
72.2
82.4
70. 2 I
72 6 i
83.1
70.2
80.7
84.2
79.8
80.6 !
79.6
81.2
81.5
81.8
82. 5 !
82.1 |
82.9
82.8
109.3
71.1
85 9.
779
70.6
87.1
74 3
81.3
a 79 5
65.8
79.4
a 6S 2
j
!
!
i
!
!
|
i
!
1
1
i
87.9
87.5
89.7
48.4
62.8
35.7
33.0
78.1
70.5
65.3
82.4
81.4
86.7
48.0
63.0
34.3
33.0
75.7
72.4
65.9
81.4
79.7
88.3
47.7
61.2
36.0
33.3
75.8
76.4
65.0
83.4
82.3
88.6
47.3
60.7
36.3
32.6
77.2
82.1
65.4
88.9
88.1
92.3
47.8
62.9
37.3
32.2
79.2
84.1
65.6
66.6
164.7
73.6
71.6
85.8
95.6
105.4
55.4
65.7
54.7
79.0
71.7
51.1
28.7
50.9
85.3
72.9
62.7
93.4
62.9
75.5
82.1
43.9
76.0
66.9
157.1
74.1
71.9
82.8
96.0
106. 6
53.7
65.1
52.8
78.1
71.8
50.0
29.2
48.8
81.7
90.7
88.8
91.3
62.5
69.3
74.7
38.2
76.1
67.3
175.5
74.9
72.8
84.0
« 95. 4
a 106. 9
51.7
65.7
50.7
77.0
71.0
51.9
30.0
47.8
87.4
90.2
88.2
90.8
61.1
70.4
77.4
35.9
72.1
68.4
203.8
76.1
74.5
88.4
"95.8
a 107. 4
52.1
65.5
51.1
79.5
74.4
51.2
29.5
43.9
87.8
92.1
92.4
87.4
61.6
81.4
96.6
37.0
"68. 5
80.1
67.9
79.6
70.2
81.0
71.8
"83.8
a
68. 9
80.6
70.1
76.7
64.2
77.5
75.1
082.1
°65.3
79.4
69.3
76.3
50.2
76.9
75.6
aa 84. 6
66.6
78.2
65.9
74.8
62.4
79.4
74.1
0
86. 2
a 65. 8
77.3
66.0
78.6
91.2
84. 0
73.6
"88.4
"66.3
a
89. 6
72.9
108.5
68.3
86.2
"77.0
70.4
87.6
"74.5
82.4
«91.2
74.2
108.9
57.4
86.7
« 76. 7
71.4
84.4
0
72. 9
80.9
a 91. 6
73.5
111.8
68.7
85.4
«76. 0
72.0
81.9
0
75.0
80.2
a
« 84. 6
69.9
111.8
70.1
85. 5
a 75. 3
71.1
«a 85. 3
75. 0
80.6
53.6
77.0
39.9
81.6
55.6
49.5
77.1
42.7
82.7
54.7
56. 9
78.2
42.3
81.8
53.3
58.5
79.3
43.3
79.5 i
51.8
60.7
79.8
43.2
78.8
49.5
61.6
79.7
44.4
78. 7
42.1
73.2
84.0
70.4
73.1
85.0
71.0
72.8
85.6
71.0
72.5
85.8
70.9
72.2
85.8
70.3 |
71.8
85.5
69.9 1
71.0
83.6
69.7
82.6
82.3
79.0
82.2
77.8
82.5
81.7 i
83.5
82.6
84. 3
83.7 1
85.1 ,
90.8
85.0
(3)
72.4
83. 3
79.5
i
!
j
1
|
!
!
|
!!
!
!
i
i
85.5 ;
61.8 i
85.8
95.5
52.1 ;
70.8 !
68.9
197. 7
74.9
73.3
89.1
95.0
104.8
55.0
66.0
54.2
82.0
73.8
52.0
29.4
51.6
89.1
91.3
89.0
92.4
65.4
83.7
92.3
49.2
75.3
!
;
i
'
i
!
i
!
!
86. 2
70.3
113.0
67.7
85.5
a
75. 0
70.9
83.0
"74. 4
79. 5
i
84.3 !
85.7
82.1 !
i (84.9
)
86.2
84.0
(3)
80.5
86.3
84.6
(3)
78.6
86.2
83.7
(3)
80.0
84.4 '
82.9 i
()
80. 3
84.2
81.7
(3)
75.8
83.7
80.3 :
31. 7
38.0
30.5
26.6
26.4
25.1
24.7
.92
1. 02
.87
.88
.94
.80
545,013
374,056
170,957
549, 203
380, 701
168, 502
531, 034
350, 764
180, 270
498, 151
309, 745
188, 406
450, 322
281, 087
169, 235
426, 603 ' 323, 700
267, 152
189, 020
159,451 | 134, 680
680,026 694,968
696,977
83,850 i 85,939
87,196
1,061 ;
1, 071
1, 033 i
702, 037
87, 978
1,065
707, 546
91, 065
1,048
713, 662
92, 557
1,035
715, 606
93, 322
1,028
707,307 i 707, 606
93, 827 ! 94, 050
"995
"977
72
43
76
83
78
48
72
40
75
82
78
48
(3)
70.3
85.4
79.6
99.2
68.1
81.5
78.5
99.4
68.1
84.8
78.4
(3)
72.4
86.4 !
79.2
!
C3)
79.9 i
86.7 I
80.5
17.6
23.6
21.0
20.2
24.5
.65
.73
.67
.80
240, 414
120, 131
120, 283
315, 989
179, 499
136, 490
306, 090
179, 125
126, 965
296, 265
164, 038
132, 227
710, 347
94, 389
978
627, 155
78, 045
982
547, 759
79, 913
992
74
72
42
65
81
81
49
74
45
66
81
83
52
.883
80
51
659, 503
81, 509
1,015
.80 |
345, 278
209, 167
136, 111
1
75
45
70
82
84 i
53
3
(3)
1 466,504
299,133
i 167,371
76
42 1
72 i
82 i
84 ;
53 !
1
!
76
43
75 ;
83
84 I
52 i
75
45
78
83
81
49
75
42
75
83
83
52 i
3
76
44
73
83
84
53
.66 |
75
44 !
73 1
83
81
49
21.6
.65
73
43
74
84
79
48
o Revised.
* Not available.
* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, total United
States, pp. 18 and 19, December 1932; employment in banks and brokerage houses, etc., Federal and State highway employment, dyeing and cleaning establishments, and
laundries and employment in Chicago, pp. 19 and 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934; trades-union members
employed, p. 18, of the December 1932 issue.
! For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania, and Philadelphia, p. 19, September 1933; for revisions of
years 1930-34 for those series and for the city of Pittsburgh, see p. 20 of this issue; for Massachusetts; employment for 1931, 1932, and 1933, p. 19, August 1933. Employment
in banks, brokerage houses, etc., for 1932, p. 28, January 1934. Employment in laundries and dyeing and cleaning establishments, p. 20, August 1934. For revised data
on employment in wholesale and retail trade for 1929-34, see p. 20 of this issue.
• Figures represent the condition as of the end of the month shown. They have been pushed back from the data published as of the first of the following month by the
Department of Agriculture. This method was followed since September 1932. Figures shown previous to that date in the Survey are as of the first of the month.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
Februin the 1932 Annual Supplement to the Survey January January
ary
29
1934
March
April
May
June
July
Novem- DecemAugust September October
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS
Hours of work per week in factories:*!
34.1
36.4
35.4
Actual, average per wage earner
hours..
36.4
35.5
36.1
35.5
33.5
33.3
34.0
34.3
33.9
Industrial disputes, §
184
280
241
Disputes (in progress)
number..
110
116
238
235
243
219
251
236
206
Man-days lost
number
761, 000 653, 202 915, 673 1,34* 310 2,258,684 2,086,900 1,593,369 1,969,266 1,698,810 4,053,532 861, 448 863 894
Workers involved (in progress)
number. . 99, 000 78, 165 115, 542 120, 830 170, 812 224, 209 100, 959 215, 298 114, 917 483, 357 102, 392 97, 077
Labor turn-over: *
3.24
Accessions
percent of no. on pay roll-5.81
6.71
6.33
5.18
4.19
3.58
3.71
4.32
3.61
6.33
4.09
Separations:
.19
.21
.22
.19
Discharged
percent of no. on pay roll-.23
.18
.19
.16
.18
.18
.19
.15
1.85
2.04
3.56
3.41
2.35
2.08
3.65
3.48
2.96
Laid off
percent of no. on pay roll2 10
3.78
4 38
.94
.85
.93
.70
.75
Voluntary quits .per cent of no. on pay roll—
1.55
.90
.62
.76
1.11
1.01
.73
35.0
222
465 000
79, 000
6.14
.15
2 72
.58
PAY ROLLS
"62.2
a 58 0
Factory unadjusted (B. L. S.)*._ 1923-25 =10060.6
64.8
67.3
67.1
«64.9
"60.5
54.0
63.2
64.1
61.0
59.5
87.2
90.0
Chemicals and products
1923-25=10089.1
92.3
88.3
88.1
88.7
84.5
89.9
90.9
91.5
91.6
91.7
96.5
92. 1
Chemicals
1923-25=100
86.9
88.0
89.1
94.4
96.6
95.8
96. 1
92 4
90 7
90 8
90 0
92.4
86.1
89.9
Druggists' preparations
1923-25= 100..
91.8
90.3
92.3
90.9
92.6
88.5
99.1
96.8
96.8
94.8
74.5
71.5
87.9
77.9
Paints and varnishes .
1923-25=100
77.1
86.3
78.8
75.8
83.0
79 4
78 1
78 5
78 1
97.2
Petroleum refining
1923-25=100.90.8
92.0
92.7
93.1
95.7
96.3
89.5
92.0
97.9
95 2
96 8
97 8
244 9
213.2
221.3
215 5
208. 1
208.6
Rayon and products
1923-25=100
220 0
218 2
191 2
200 0
217 2
231 6
240 1
82.2
87.2
105.1
Food and products
1923-25=100—
83.1
91.9
95.6
109.3
80.7
81.1
103 4
92 9
83 2
96 1
98.2
97.8
91.4
96.5
Baking
-1923-25=10088.5
91.8
91.3
95.3
99.6
89.4
98.6
98.7
98.3
182.5
185.0
Beverages
. .. 1923-25 =100
127.7
128.5
138.3
150.9
167 0
193.5
167 0
157 2
142 2
135 0
133 4
91.4
Slaughtering, meat packing.. 1923-25=100-.
87.2
99.0
109.2
78.6
75.9
76.1
80.7
81.8
98.4
84.0
107.0
100.7
41.1
45.5
41.1
Iron and steel and products—- 1923-25=100..
45.7
51.3
47.6
56.8
61.3
62.6
44.2
51.6
«47.6
42.8
44.0
Blast furnaces and steel works. 1923-25 = 100- .
41.2
46.1
52.2
47.9
59.4
68.9
37.3
66.1
39.2
41.7
46.5
53.6
41.8
Structural and metal work.. .1923-25= 100..
33.5
35.1
40.6
31.9
37.6
41.5
42.7
40.5
41.2
38.9
"39.2
40.8
94.1
93.6
Tin cans, etc
1923-25=100
70.5
79.7
84.2
94.5
96.2
86 9
71.1
82 5
79 4
79 6
78 9
82.1
77.2
67.5
84.4
78.7
69.2
Leather and products
1923-25=100-.
78.9
72.9
81.7
76.4
61.0
64.3
69.1
76.2
64.2
84 1
79.1
Boots and shoes
1923-25—100
81.0
81.8
77.6
70 5
67 7
72 5
60 4
54 6
63 7
79.2
76.1
Leather
.
1923-25=10083.9
79.8
77.9
82.6
81.9
82.0
73.6
82 0
76 9
88 5
86 5
33.5
27.4
31.6
Lumber and products
1923-25=100..
30.5
31.9
33.9
33.3
34.6
33.9
35.2
33.6
33.3
31.7
42.7
41.1
41.2
39.3
Furniture
1923-25=100
35.3
40.5
40.3
44 6
40.5
47 2
44 5
43 5
45 9
23.1
23.2
24.1
23.1
21.7
Millwork
1923-25=100-.
19.7
25.3
24.6
21.8
24.1
23.0
24.0
24.6
22.1
22.5
17.4
24 2
23.2
20.9
Sawmills
. . 1923-25=100
19. 1
22 3
20 7
22 6
21 3
19 1
20 0
51 3
Turpentine and rosin
1923-25—100
50 4
46 2
51 4
51 0
50 3
51 7
53 7
52 2
52 7
47 9
50 2
45 1
a
57 o
°58. 5
Machinery
1923-25—100
62 2
61 6
47.6
51 8
55 8
60 5
°58. 1
60 8
55 6
57 2
60 2
78.2
70.2
68.3
Agricultural implements
1923-25 = 100. . 97.5
65.2
87.2
75.7
93.6
78.1
66.7
91.2
74.4
85.7
50.2
38.2
Electrical machinery, etc
1923-25=10049.8
40.9
43.8
49.9
51.8
47.8
48.0
52.4
50.0
52.2
49.3
Foundry and machine shop products
50.3
1923-25 = 100..
45.4
51.1
41.3
49.9
54.4
56.8
55.5
46.7
51.5
46.6
47.6
49.7
114.4
123.1
Radios and phonographs
1923-25 =100. _ 112.9
117.4
95.1
101.5
112.4
127.0
96.5
108.9
131. 5
132.0
137.8
53.2
Metals, nonferrous __
1923-25=100
47. 1
52.2
56.8
58.9
«53.6
60.6
57.9
54 0
57 5
58 8
58 6
61 5
40.8
Aluminum manufactures
1923-25 = 10064.2
50.9
63.5
59.1
°43.8
41.4
61.1
67.0
51.1
56.2
53.8
51.1
51.2
Brass, bronze, copper prod— 1923-25 = 100.,
51.4
62.1
58.4
54.4
48.3
56.3
59.8
48.7
58.3
51.3
49.5
55.6
70.8
66.2
Stamped and enamel ware... 1923-25 =100..
75.8
72.9
56.8
80.8
83.6
80.1
66.7
77.6
70.4
71.9
79.1
78.4
77.7
77.3
Paper and printing
1923-25=100..
74.3
76.0
80.6
«77.7
78.9
80.3
82.7
«82.7
«86.3
83.6
a 83 5
78.8
Paper and pulp —
1923-25=100
76.4
77. 1
81.3
71.3
78.6
79 8
78.5
79 6
a 82 0
83 2
84 1
42.1
51.1
48.5
Railroad repair shops
1923-25=100..
48.5
45.6
53.8
53.0
53.8
45.6
44.4
43.8
44.4
46.8
58 5
Electric railroads
1923-25—100
58 8
55 4
56 4
59 2
59 6
58 6
59 4
56 9
58 0
57 4
57 1
58 4
47.9
41.2
Steam railroads
1923-25=100..
47.9
50.6
44.9
52.7
53.5
53.5
44.9
42.9
40.2
43.5
43.5
58.8
65.2
Rubber products
1923-25 = 100. .
61.9
70.5
73.4
70.3
66.5
58.7
56.1
69.4
66.0
58.3
•58.1
49.9
Rubber tires and tubes . _ . 1923-25 = 100
63.4
64 5
57.9
55.9
48.6
67.6
61. 1
47 6
50 4
62 2
49 6
60 0
36.1
34.9
Stone, clay, and glass productS-1923-25=100-_
33.3
34.7
39.5
29.9
38.8
38.8
34.7
34.4
31.6
35.5
35.6
16.8
Brick, tile, and terra cotta~_ 1923-25 =10012.2
13.1
13.7
16.4
17.0
18.1
19.3
16.1
13.0
16.9
16.5
15.3
35.4
39.1
Cement
1923-25= 100..
19.4
24.1
22.5
35.8
39.9
30.6
33.9
29.4
21.2
32.4
24.1
68.2
69.5
Glass
. .1923-25-100
73 4
73 5
74 6
80 8
75 8
65 3
67 4
72 0
69 4
71 9
69 9
68.1
Textiles and products
1923-25=100
77.9
74. 1
62.5
64.8
82.6
66.4
79.8
57 5
74*7
71 1
78 6
75 3
64.4
64.7
Fabrics
1923-25=100..
78.3
74.9
67.0
80.8
66.9
79.3
82.3
49.1
73.1
72.5
80.2
73 4
72 3
70.6
Wearing apparel _
1 923-25 = 100
55.3
56.6
81.4
76.1
68 1
61.7
70 9
66 6
64 1
61 3
49.3
Tobacco manufactures
1923-25= 100..
45.5
47.3
39.8
45.8
46.2
46.3
47.5
50.3
41.5
49.0
49.9
48.8
°70.4
Transportation equipment
1923-25= 100—
»84.4
52.7
«92.4
«88.3
"78.5
"66.0
«71.9
"52.3
48.4
78.7
M9. 7
«67.6
76.5
Automobiles.
1923-25=100
82.3
58.3
98. 1
107.4
85.8
70.7
100 4
91 4
54 3
52 0
51 3
76 4
«35.4
M9.2
«51.2
Cars, electric and steam
1923-25 =100- _
«26.2
«38.9
«56.7
"50.7
a 44. 8
« 40.0
31.7
30.0
«34.4
31.5
o 55 3
57 o
Shipbuilding
1923-25-100
56.4
48 2
49 0
52 4
55. 6
53 9
60 0
60 2
55 0
50 2
54 0
Factory by cities:
Baltimore*
1929-31 = 100
61.4
75.4
68.8
65 9
75 3
70 6
76 6
77 6
68 9
65 8
66 2
67 7
66 4
41.4
45.2
Chicago*
1925-27 = 10040.5
38.9
44.6
42.0
45.5
45.8
45.6
46.1
46.4
43.7
45.0
Milwaukee* ..
1925-27=100
53.6
58.6
59.7
64.8
65 8
61. 1
49.8
61.8
67 7
56 7
60 7
58 8
66 4
57.4
62 1
59 4
New York*
. .1925-27-100
53 7
55 3
60
9
59
2
56
2
60
8
58 6
61
8
59
6
60 3
a
a
0
0
o 72 5
"68.0
«59.9
«64.5
°67.4
•67.1
Philadelphia*!
1923-25=100.
72 4
68.8
"68.1
•68.1
66 4
70 8
75 1
a
0
0
a
0
a
a
0
0
a 54 7
52.9
"43.9
54.9
°49. 6
57. 8
68 3
58.4
68 6
50 3
Pittsburgh*f
1923-25-100
56 4
53 7
55 8
Factory by States:
0
0
a
a
a
0
0
0
66.2
«64. 7
« 65.5
66.7
65.9
68.3
«60.8
68.5
Delaware!
1923-25=100
61 7
« 65 1
67 7
61 2
61 6
43.2
45.2
Illinois
1925-27 = 100..
49.1
48.6
40.5
46.8
49.9
48.0
48.8
48.6
47.4
48.2
49.8
Maryland*
1929-31 = 100
70.3
74.5
72.6
78 9
79 9
77.1
64.8
78.7
71 5
73 0
72 5
70 5
72 1
Massachusetts*!
1925-27 = 100—
53.1
58.8
60.6
60.7
59.6
54.3 ° 0 55.0
55.0
59.8
47.5
51. 9
58.4
53.1
a
New Jersey!
1923-25 = 100..
"53.6
«56.3
° 57.0
59.4
59. 3 "59.0
«57. 7
"59.6
•58.1
61.1
°58.3
°58.8
°59.7
New York _
._
. _ 1925-27=100
54 7
55.7
58 3
59 0
58
2
56
9
51.8
57
0
57
3
58 3
57
2
56
1
58 0
a
a
0
Pennsylvania!
1923-25=100
« 53. 4
62.9
« 55. 5
«57.3
M7.5
°57. 6
«59. 3
°61. 7
57 8
°53 1
57 2
a 58 1
56 4
62.1
Wisconsin
-__ 1925-27= 10054.4
58.9
60.7
50.5
59.6
63.9
62.0
64.0
57.8
60.2
62.5
60.8
Nonmanufacturing (Department of Labor}:
Mining:
Anthracite
1929=100..
73.2
65.8
82.4
39.7
51.7
64.0
53.3
42.3
57.5
47.0
51.2
48.3
52.3
0
Bituminous coal. _
1929=100
54 6
49 7
51.3
54 4
50 4
58 9
51.4
55 1
51 4
59 6
57 6
58 3
57 0
Metalliferous.
1929=100
25.4
26.0
25.9
27.2
25 6
25.1
25 9
30 1
27.0
26 7
29 4
28 2
28 5
Petroleum, crude production. __ 1929 =100—
61.2
50.5
52.5
53.4
56.4
55.5
53.0
56.9
60.0
59.7
59.0
60.8
59.5
Quarrying and nonmetallic.
1929=100—
21.3
21.0
24.1
34.0
29.9
35.0
32.4
20.8
37.0
35.0
32.1
29.4
23.6
Public utilities:
Electric railroads
1929=100
59 2
62 2
62 9
60 1
62 8
62 4
62 9
63 0
63 2
63 8
63 0
61 8
62 3
Power and light
1929 — 100
73 8
74 4
76 8
77 6
77 8
75 6
81 1
79 9
79 3
78 0
80 6
79 6
78 3
Telephone and telegraph
1929 = 100..
67.9
70.' 4
71.4
73.9
69.0
68.8
71.3
72.3
74.0
72.2
74.9
72.2
73 2
a
Revised.
* For earlier data on the following subjects refer to the indicated pages of the monthly issues as follows: Hours of work and labor turn-over rates, p. 20, October 1932; pay
rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago, p. 20, June 1933; pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls,
Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh, p. 18, January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932. Data on factory pay-roll
indexes, by classes shown on p. 18 of June 1934 issue. See also p. 19, July 1934.
! Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues as follows: pay rolls, Pennsylvania, Delaware, New Jersey, and
Philadelphia, p. 19, Sept. 1933; for revisions of years 1930-34 for these series and for the city of Pittsburgh see p. 20 of this issue; pay rolls, Massachusetts, for 1931, 1932,
1933, p. 19, August 1933. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue. Revised data on labor turn-over for years 1929-34 will be
Digitized forand
FRASER
shown in a subsequent issue.
http://fraser.stlouisfed.org/
§ Data revised. Revisions will be shown in a subsequent issue.
Federal Reserve Bank of St. Louis
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1935
March 1935
1934
TQT . IIO _
januai
T January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
EMPLOYMENT CONDITIONS AND WAGES — Continued
PAY ROLLS-Continued
Nonmanufacturing (Department of Labor) — Con.
Trade:
Retail f — 1929=100
Wholesale!
..1929=100..
Miscellaneous:
Banks, brokerage houses, etc.*!_1929 = 100._
Dyeing and cleaning*!
1929=100
Hotels
1929=100
Laundries*!
1929—100
WAGES— EARNINGS AND RATES
Factory, weekly earnings (25 industries):*!
All wage earners
dollars..
Male:
Skilled and semiskilled
dollars
Unskilled
dollars..
Female
dollars
All wage earners
1923=100..
Male:
Skilled and semiskilled
1923=100..
Unskilled
1923-100
Female
_ 1923=100
Factory, av. hourly earnings (25 industries):*!
All wage earners
dollars..
Male:
Skilled and semiskilled
dollars..
Unskilled
dollars
Female
dollars..
Factory, weekly earnings, by States:
Delaware
1923-25=100..
Illinois
.
.1925-27 = 100
Massachusetts*!
1925-27=100
New Jersey
1923-25=100
New York
_
1925-27 = 100
Pennsylvania
1923-25=100
Wisconsin
1925-27 = 100
Miscellaneous data:
Construction wage rates:*§
Common labor (E.N.R.~)..Ao\. per hour...
Skilled 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 :#H
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. perhour..
Youngstown district
percent base scale..
60.0
63.9
59.0
60.3
58.8
61.0
59.8
62.0
61.2
63.1
61.5
62.6
61.4
62.8
60.1
63.8
58.4
62.7
60.6
63.6
61.9
64.5
61.8
64.2
66.0
64.8
50.4
66.2
63.9
88.1
46.8
60.8
61.7
87.0
46.3
65.2
61.7
51.7
66.6
62.7
60.8
66.5
64.4
65.1
65.9
66.9
64.1
66.2
68.3
58.9
65.6
68.2
56.7
64.5
66.6
59.0
64.3
65.9
59.1
65. 3
64.8
53.9
64.9
63.7
51.1
64.9
63.3
21. 61
18.89
19.81
20.49
21.00
20.79
20.70
19.92
19.59
19.53
20.01
20.07
B
23.95
17.63
15.21
81.2
21.44
15.74
13.43
71.0
22.28
16.42
14.85
74.4
22.87
16.95
14.63
77.0
23.46
17.41
14.71
78.9
23.25
16.88
14.63
78.1
23.22
17.04
14.58
77.8
22.38
16.47
14.36
74.9
21.73
15.96
14.24
73.6
21.60
16.01
14.08
73.4
22.41
16.31
14.38
75.2
22.55
16.21
14.39
75.4
« 23. 03
16.58
15.09
77.8
77.8
79.1
88.2
69.6
70.6
77.9
72.3
73.7
86.1
74.3
76.1
84.9
76.2
78.1
85.3
75.5
75.8
84.9
75.4
76.5
84.6
72.7
73.9
83.3
70.6
71.6
82.6
70.1
71.9
81.7
72.8
73.2
83.4
73.2
72.8
83.5
74.8
74.4
87.5
.594
.551
.558
.561
.579
.586
.586
.587
.588
.591
.593
.594
.593
.656
.490
.430
.608
.456
.411
.614
.459
,415
.615
.465
.419
.633
.479
.425
.646
.486
.428
.648
.480
.429
.649
.484
.429
.650
.481
.425
.654
.481
.430
.656
.487
.428
.658
.490
.428
.656
.486
.428
77.1
74.4
79.4
88.8
82.6
78.1
74.3
74.6
68.4
72.5
83.3
78.7
69.6
64.1
76.6
70.5
75.3
85.7
78.6
73.5
68.1
75.4
71.2
76.4
85.4
80.8
76.7
72.1
75.8
72.1
75.9
86.7
80.6
78.2
72.2
75.3
73.6
75.8
87.3
80.7
82.6
74.0
76.3
74.1
74.3
87.0
80.2
81.3
74.3
77.1
72.6
75.2
85.3
79.8
74.4
69.3
76.3
71.7
75.4
86.5
80.9
77.0
71.2
75.4
70.7
77.5
86.4
80.2
74.0
69.4
78.0
72.8
72.5
86.9
79.5
76.9
73.5
75.4
72.3
72.4
87.3
79.1
76.7
73.0
76.3
73.7
78.6
88.9
81.6
78.4
75.2
.538
1.11
.516
1.05
.527
1.06
.527
1.07
.534
1.08
.534
1.10
.534
1.10
.530
1.10
.530
1.11
. 535
1.12
. 536
1.12
. 539
1.12
.541
1.12
.632
26.69
103.6
"""."612" ~~~~.~631~
26.88
.609
.~610~ ~"~.~666~
27. 29 """"."596"
.599
."612"
27.83 """".""616"
.629
20. 70
.39
.52
.30
.42
.55
.43
.57
.31
.47
.35
.37
.45
.23
.41
.48
.40
.58
.21
.38
.29
.37
.46
.25
.42
.49
.41
.57
.23
.36
.32
.42
.50
.30
.42
.55
.44
.57
.31
.41
.35
.43
.51
.30
.41
.55
.46
.57
.31
.41
.35
.43
.51
.30
.41
.55
.44
.57
.31
.43
.35
.43
.51
.30
.41
.55
43
'.57
.31
.42
.35
.42
.50
.30
.41
.56
.43
.58
.32
.43
.34
.41
.50
.30
.41
.56
.43
.58
.31
.45
.34
.41
.50
.30
.42
.56
.44
.58
.32
.45
.34
.41
.51
.30
.42
.55
.42
.58
.32
.46
.34
.41
.51
.30
.42
.55
.42
.57
.32
.47
.34
.40
.52
.30
.42
.55
.42
.57
.32
.48
.34
.485
101.5
.440
101.5
.440
101. 5
.440
101.5
.485
101.5
.485
101.5
.485
101.5
.485
101.5
.485
101.5
.485
101.5
.485
101.5
.485
101.5
.485
101.5
569
534
516
520
539
562
561
543
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 do!..
Own bills
mills of dol
Purchased bills
mills, of doL.
Held by others
mills, of dol._
Com'l paper outstanding
mills, of dol._
Agricultural loans outstanding:
Farm mortgages:
Federal land banks
mills, of doL.
Joint stock-land banks
mills, of dol..
Land bank commissioner* mills, of dol_.
Federal intermediate Acredit bank loans to
and discounts for:
Regional agricultural credit corp's and
production credit ass'ns
mills, of dol..
All other institutions
..mills, of dol._
Other loans:
Agricultural marketing act revolving fund
loans to cooperatives!
mills, of doL.
Banks for cooperatives, incl. Central
Bank*
mills, of dol
Emergency crop loans* (1921-1934)
mills of dol_ _
Prod. cred. ass'ns*
mills, of doL.
Regional ag. credit corp.*
mills, of dol__
516
771
750
685
613
105
4
56
5
23
5
3
4
3
1
1
485
238
247
P30
171
567
255
312
95
108
581
266
315
108
117
576
252
324
81
133
536
236
299
70
139
507
226
281
59
141
480
220
260
53
151
472
222
250
42
168
483
222
261
37
188
503
223
280
35
192
516
245
271
46
188
517
252
265
44
178
597
243
1,923
1,288
381
120
1,371
370
174
1,458
349
238
1,484
345
259
1,549
335
311
1,631
320
379
1,690
306
430
1,746
295
478
1,792
285
516
1,829
121
552
1,866
1,896
643
587
617
100
88
75
75
77
71
86
70
103
70
120
70
127
71
128
73
125
74
118
73
105
83
101
88
100
90
54
70
69
68
67
55
55
55
55
55
57
57
55
28
15
15
16
17
19
21
21
23
23
25
25
28
..
1
1
46
1GG
81
77
73
68
84
90
91
92
78
91
91
78
83
65
4
14
28
39
0)
50
61
61
58
58
0)
58
85
145
146
145
145
143
138
87
129
118
91
107
97
i Less than 1 million. Data shown in thousands appeared in the Oct. 1934 issue. Joint-stock land banks in liquidation. These figures will no loneer be reported.
3 Not available.
« Revised.
* New series. For earlier data on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls, banks, brokerage houses, etc., p. 19,
June 1933; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933; factory weekly earnings, p. 20, October 1932; factory hourly earnings p. 18,
December 1932; weekly earnings, Massachusetts, p. 18, December 1932: construction wage rates, p. 19, September 1933. Earlier data on additional series of agricultural
loans outstanding will be shown in a subsequent issue.
! Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls of banks, brokerage houses, etc., for
1932, p. 29, January 1934; Massachusetts weekly earnings for 1931, 1932, and 1933, p. 19, August 1933 issue; pay rolls in laundries and dyeing and cleaning establishments,
p. 20, August 1934; factory weekly and hourly earnings revised for 1933. See p. 20 of the July 1934 issue. Certain classes of loans included in figures shown through May
1934 have been reclassified by FCA and removed from the agricultural loan category. For revised data on pay rolls in wholesale and retail trade for 1929-34 inclusive see
p. 20 of this issue.
# Beginning with March 1932 method of computing rates was changed.
11ncrease in wage rates during March 1934 was due to provisions of title I, sec. 204, par. 2, item C of the National Recovery Act, which required State highway depart
ments to fix minimum wage scales.
§ Construction wage rates as of Feb. 1, 1935, common labor, $0.524; skilled labor, $1.10.
http://fraser.stlouisfed.org/
A Breakdown of figure shown in issues up to November 1934.
Federal Reserve Bank of St. Louis
March 1935
31
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1 1935
together with explanatory footnotes and refer- |
----ences to the sources of the data, may be found JTa n u a r January
y
in the 1932 Annual Supplement to the Survey
1934
February
March
April
May
June
July
August
SeptemOctc
ber
Novem- December
ber
FINANCE—Continued
BANKING— Continued
30, 142
27, 752
25, 705 24,009
26, 750 " 24, 752 « 30, 915
Bank debits, total
mills, of dol-_ 30, 061
27, 221 25, 015
29, 685 31,231 28, 757
15, 214
12, 285
16,953
14, 652
15, 388
13, 842
11, 122
12, 286
11, 343
13, 231
15, 608
New York City
mills, of dol__ 14, 997
14, 023
14,
278
14,
754
13,
420
14, 465 "13,409 a 15, 701
14, 077
14, 105
13,910
12,888
Outside New York City
mills, of doL. 15, 064
11, 784
13, 198
Brokers' loans:
880
874
832
1,082
827
831
981
1,016
923
Reported by N. Y. Stock Exch. mills, of dol_.
938
825
903
1,088
2.59
3.14
2.57
2.62
2.99
3.00
3.00
2.68
2.45
2.42
2.67
Ratio to market value
percent-.
2.56
2.50
By reporting member banks:
To brokers and dealers in
598
660
N. Y.*
mills of dol
693
702
795
To brokers and dealers out54
side N Y *
mills of dol
153
155
146
166
Federal Reserve banks:
8,442
8,220
8,028
8,161
8,197
8,229
8,332
Assets, total..
mills, of dol__
7, 669
7,953
8,175
7,309
6,989
8,719
Reserve bank credit outstanding
2,463
2,485
2,462
2,464
2,455
2,545
2,463
2,472
2,464
2,453
mills, of doL . 2,461
2,567
2,630
6
6
6
62
29
9
5
5
5
5
Bills bought
mills, of doL.
111
6
6
7
54
31
22
23
11
64
39
25
15
11
Bills discounted
_
mills, of dol _
83
7
2,430
2,432
2,432
2,430
2,432
2, 431
2,430
2,432
2,431
United States securities
mills, of dol__
2,447
2,430
2,434
2,430
5,401
5,154
5,220
5,196
5,212
4,843
4,899
5,022
Reserves, total
..mills, of doL.
3,792
4,140
4,537
5,317
5,680
5,143
5,101
4,683
4,980
4,989
4,336
4,303
4,930
Gold reserves§
_.
mills, of dol
3,931
4,808
5, 107
3,557
5,405
8,442
8,220
8,028
8,229
8,332
Liabilities, total
mills, of dol_.
7,669
7,953
8,175
8,161
8,197
7,309
6,989
8,719
4,405
4,312
4,262
3,982
4,023
4,295
4,257
Deposits, total
mills, of dol_.
3,653
4,313
3,265
4,138
3,035
4,810
4,096
3,934
4,052
4,006
Member bank reserves
mills, of doL.
3,093
3,599
3,746
4,029
2,652
3,457
3,840
4,081
4,543
Nntes in circulation
mills nf dol
3,221
3,134
3,167
3,161
2,980
3,060
3,038
3,069
3,101
3,077
3,213
2,926
3, 085
70.0
70.2
70.8
68.8
70.1
Reserve ratio
percent- 66.3
67.8
69.1
69.4
69.9
70.6
72.0
63.6
Federal Reserve reporting member banks:*
Deposits:
12, 221
12, 926
12, 426
12, 504
12, 745
13, 083
13, 685
Net demand
_
mills, of dol__ 14, 027
11, 398
11, 794
13, 476
13, 627
11,118
4,388
4,454
4,471
4,474
4,370
4,455
4,510
4,392
4,419
4,501
4,488
Time
mills, of dol__
4,434
4,367
10, 575
Investments
mills, of dol._ 10, 683
9,326
9,906
10, 017
10,030
9,215
9,280
9,889
9,311
9,723
10, 059
8,772
U. S. Gov. direct obligations**
7,192
mills of dol
6,639
6,715
7,237
5,786
U. S. Gov. guaranteed issues**
583
529
mills, of dol__
555
601
2,800
2,862
Other securities * *
mills, of dol
2,789
2,845
7,794
7,646
Loans, total
mills, of dol_.
7,807
7,802
8,014
7,873
7,705
8,185
8, 136
8, 026
8,161
7,561
8,349
Acceptances and commercial paper* ±
436
mills, of doL_
456
452
439
j
977
986
On real estate* -M
mills, of dol..
979
971
3,081
On securities
mills of dol
3,051
3,017
3,024
3,609
3,152
Other loans* A
mills of dol
2,862
3,257
3,127
Interest rates:
l
Acceptances, bankers' prime
percent-/2
H-H
H-H
H
H
Vi
H-H
H-H ^-3/6
M-Y*
H-H
H
1.00
Call loans, renew al___
percent..
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Com'l paper, prime (4-6 mos.)
percent1
3/4-1
3/4-1
3/4-1
3/4-1
3/4-1
iM-i^
1-1 H
34-1
94-1
1-1H
1.50
1.50
Discount rate, N. Y. F. R. Bank___pereent-1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
«1.50
2.00
1.50
5.00
5.00
5.00
5.00
Federal land bank loans t
percent..
5.00
5.00
5.00
5.00
5.00
5.00
2.00
Intermediate credit bank loans
percent. .
2.00
3.00
2.74
2.00
2.00
2.50
2.26
2.00
2.00
2.00
2.98
Real estate bonds, long term
percent-3
Time loans, 90 days
percent-3/4-1
s/4-1
3/4-1
34-1
34-1
%-l
/4-l
?4-l
M-l
34-1
3/4-1
1-1 H
M-1
Savings deposits:
5,154
New York State
mills, of dol._
5,076
5, 114
5,054
5,145
5,128
5,122
6,119
5,090
5,142
5,097
5,134
5,067
U. S. Postal Savings:
Bal. to credit of depositors __thous. of dol.. 1,200,826 1,200,802 1,200,049 1,199,985 1,197,488 1,196,907 1,197,920 1,190,288 1,192,199 1,192,764 1,198,578 "1,203,548 1, 207, 183
Balanceon deposit in banks.thous. of dol_. 517, 965 902, 225 883, 705 °855, 533 806, 163 730, 051 694, 575 643, 600 596, 937 573, 022 559, 918 "550, 608
527, 594
FAILUEES
Commercial failures:
963
Total
.number
1,052
790
1,102
1,049
912
1,091
1,364
977
929
923
1,033
1, 184
100
Agents and brokers
number _.
64
85
102
117
106
98
95
103
118
99
95
89
Manufacturers, total
number. .
225
214
248
258
235
223
295
301
281
246
237
269
279
4
Chemicals, drugs, and paints.. number..
4
6
13
6
4
6
5
3
10
7
7
6
25
Foodstuffs and tobacco
number
32
19
28
23
22
32
32
30
23
23
16
27
Leather and manufactures
number..
7
7
13
11
11
9
12
10
19
7
5
7
9
32
Lumber
number. _
24
27
36
35
30
40
32
24
26
32
37
28
Metals and machinery
number. .
26
28
25
26
33
38
41
32
19
43
26
25
37
14
Printing and engraving
.number
12
16
17
10
9
12
20
10
17
9
16
15
Stone, clay, and glass
number
11
11
9
17
13
12
5
20
10
5
7
11
29
Textiles
number. .
30
29
22
19
30
34
26
40
32
43
27
47
Miscellaneous
number
76
92
112
82
105
125
113
101
84
88
81
96
88
Traders, total
number-638
512
716
716
951
695
669
632
597
826
579
659
597
Books and paper
number-11
10
14
12
9
13
18
14
12
3
8
1
Chemicals, drugs, and paints ._ number ._
62
62
68
64
41
68
76
78
59
68
69
57
Clothing...
... .number
129
104
164
212
101
88
66
107
71
106
109
91
65
5
274
Food and tobacco
number..
283
264
276
251
230
335
270
320
330
250
298
275
General stores
number-26
34
25
23
20
31
22
12
24
22
18
20
19
60
Household furnishings
number. _
108
131
95
64
65
52
125
64
118
68
65
68
Miscellaneous
number
88
124
94
154
119
92
71
116
94
117
106
113
93
Liabilities, total
thous. of dol
19,911
32, 905
27, 228
19, 445
25, 787
18, 824
22, 561 23, 868
19, 326
18, 460
16, 440
19, 968
18, 350
Agents and brokers
thous. of dol_.
4,503
4,331
4,880
5,319
5,375
5,529
3,401
4,477
3,350
4,416
1,735
4,988
3,968
Manufacturers, total
thous. of dol._
7,578
5,943
9,265
12, 239
10, 300
9,674
5,927
5,319
7,467
6,396
9,581
6,786
7,489
Chemicals, drugs, paints. .thous. of dol_.
36
34
831
225
157
165
62
252
22
291
38
20
309
Foodstuffs and tobacco
thous. of dol._
271
380
207
378
489
209
331
344
192
146
178
263
237
Leather and manufactures.thous. of dol..
73
164
195
86
59
339
178
365
73
94
468
138
220
Lumber
thous. of dol__
1,652
1,170
836
991
2,600
1, 638
1,892
1,654
1,412
1,291
1,579
975
1,018
Metals and machinery
thous. of dol__
991
284
1,228
1,159
1,334
342
818
3,237
1,703
766
1,543
1,737
333
Printing and engraving thous. of dol_.
281
504
568
508
126
135
140
412
139
183
778
175
85
Stone, clay, and glass
thous. of doL.
138
132
194
503
140
1,099
348
432
192
316
146
365
312
Textiles
thous. of doL.
350
550
580
2,183
1,123
601
418
951
1,361
481
717
998
673
Miscellaneous
thous. of dol
3,786
3,812
3,704
2,423
2,059
4,243
2,902
4,751
2, 765
1,881
2,697
3,705
3,197
Traders, total
thous of dol
7,830
8,130
18,111
9,171
10, 108
10, 168
9,564
6,966
9,537
10, 319
8,124
7, 569
7,238
Books and paper
thous. of doL.
51
124
231
217
127
198
80
152
57
5
135
225
177
Chemicals, drugs, paints. .thous. of doL.
478
812
580
826
781
634
609
714
568
739
467
870
436
Clothing
thous. of dol__
1,719
1, 254
894
1,431
1,083
2,271
1,004
994
1,357
790
587
504
1,027
Foods and tobacco
thous. of dol_.
2,942
7,164
3,124
4,424
2, 573
2,769
3,875
3,222
3,362
4,087
2,567
3, 957
3,505
General stores.
...thous. of dol
224
278
311
540
457
158
175
532
155
317
145
320
123
Household furnishings
thous. of doL.
678
1,732
1,789
2,146
1,222
2,467
802
1,054
1,091
1,117
839
943
988
Miscellaneous
thous. of dol..
1,651
2,284
1,475
4,933
1, 948
2,272
2,543
2,573
2, 145
3,267
1,461
1,449
1,451
Revised.
« Rate changed Oct. 20, 1933, and Feb. 2, 1934.
* New series. Earlier data for Federal Reserve member banks shown on p. 18 of the January 1934 issue except as noted below. These data cover 90 cities and supersede
the previous data for 101 cities. They are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which
discontinued reporting. New series on brokers' loans not available for periods not shown. For brokers' loans by reporting New York City member banks see November
1934 and previous issues. See special notes below on Federal Reserve member bank loans and investments.
§ Figures subsequent to December 1933 represent gold certificates on Hand and due from U. S. Treasury, plus redemption fund—Federal Reserve notes, $35,138,000 on
Feb. 28, $32,748,000 on Mar. 31, $31,400,000 on Apr. 30, $30,000,000 on May 31, $25,724,000 on June 30, $24,050,000 on July 31, $24,000,000 on Aug. 31, $21,798,000 on Sept. 29,
Digitized for$22,032,000
FRASER
on Oct. 31, $20,137,000 on Nov. 30, $19,060,000 on Dec. 31, 1934, and $15,875,000 on Jan. 31, 1935. '
* These 3 series represent a break-down of the "Investment total." Monthly data previous to October 1934 not available.
http://fraser.stlouisfed.org/
* Data on acceptances and commercial paper, on real estate and other loans represent a break-down of the "All other" loans tqta,! which has previously been shown.
If added,
thev of
give
total comoarable to figures formerly presented.
Federal Reserve
Bank
St.a Louis
H-y*
3/4-1 \y±-\%
^
32
Monthly statistics through December 1931,
SURVEY OF CURRENT BUSINESS
1935
1
March 1935
1934
1
ences to the sources of the data, may be found
Februin the 1932 Annual Supplement to the Survey January 1 January
ary
March
April
May
June
July
August
Decem£^H October November
ber
Se
FINANCE—Continued
LIFE INSURANCE
(Association of Life Insurance Presidents)
17, 299
Assets admitted totalf
mills of dol
17, 345
5,612
5,568
Mortgage loans
mills, of dol._
1,214
1,193
Farm
mills, of dol
Other. _
.mills, of dol. .
4,375
4,398
Bonds and stocks held (book value) :
6,704
6,763
mills, of doL.
1,945
Government. _
mills, of dol .
1,891
1,712
1,710
Public utility
mills, of dol..
2,589
Railroad
mills, of dol.
2,588
Other .
mills, of doL.
611
616
Policy loans and premium notes mills, of dol
2,947
2,936
Insurance written:!
1,039
Policies and certificates
thousands
1,015
1,051
Group
thousands
29
24
15
752
Industrial
- thousands
744
766
244
Ordinary.
.
thousands. _
282
248
Value, total
thous. of dol._ 824, 903 665, 457 648, 073
Group
thous. of dol
32, 673
26, 862
27, 348
Industrial
thous of dol 196, 255 197, 108 196, 816
Ordinary
thous. of dol._ 601, 300 435, 676 424, 395
Premium collectionsf
thous. of dol..
249, 884 224, 676
Annuities
thous. of dol
25, 563
19, 925
Group
thous. of doL.
9,060
7,765
Industrial
thous. of dol..
59, 051
51, 121
Ordinary
thous. of dol._
156, 210 145, 865
17, 360
5,511
1,164
4,347
17, 417
5,457
1,143
4,314
17, 487
5,398
1,124
4,274
17, 556
5,335
1,101
4,234
17, 659
5,272
1,076
4,196
17, 725
6,201
1,047
4,154
17, 798
5,141
1,023
4,118
17,891
5, 077
1,001
4,076
17, 982
4,999
971
4,028
18, 040
4,917
950
3,967
6,794
1,967
1,716
2,584
527
2,924
6,868
2,022
1,719
2,587
540
2,915
6,919
2,047
1,727
2,586
559
2,907
7,010
2,116
1,732
2,592
570
2,898
7,133
2,203
1,740
2,606
584
2,893
7,200
2,236
1,750
2,617
597
2,889
7,392
2,407
1,754
2, 619
612
2,886
7, 517
2, 503
1, 758
2,626
630
2,880
7,603
2,577
1,784
2,630
612
2,869
7,834
2,807
1,791
2,629
607
2,868
1,228
30
894
304
787, 628
33, 241
228, 107
526, 280
251, 119
22, 557
9,724
54, 012
164, 826
1,178
46
841
291
794, 495
62, 214
220, 366
511,915
245, 099
25, 030
8,255
52, 340
159, 474
1,201
34
868
299
791, 544
40, 989
226, 013
524, 542
244, 281
28, 742
8,250
48, 018
159, 271
1,132
51
805
276
762, 490
57, 812
211,473
493, 205
246, 414
29, 266
7,813
54, 523
154, 812
1,042
26
766
250
694, 259
46, 795
202, 256
445, 208
252, 572
33, 246
8,885
54, 072
156, 369
1,073
25
793
255
699, 879
39, 628
212, 380
447, 871
234, 662
33, 501
8,350
49, 111
143, 700
880
16
654
211
551, 556
21, 087
170, 935
359, 534
211,892
22, 760
7,870
50, 772
130,490
1,104
25
821
258
694,718
36, 206
216, 439
442, 073
245, 252
27, 165
8,344
55, 301
154, 442
1,061
21
784
256
676, 757
28, 137
205, 463
443, 157
236, 514
36, 771
7, 845
48, 392
143, 506
1,260
54
922
284
838, 576
71,394
239, 873
527, 309
367, 481
73, 579
9,753
104, 056
180, 093
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total-mills, of dol._
472
571
581
556
484
471
498
645
588
495
400
590
476
244
Eastern district
.mills, of dol_.
202
203
233
248
251
213
208
162
305
251
213
206
Far Western district
mills, of dol._
55
43
55
56
48
45
58
47
55
59
40
49
46
63
Southern district
mills of dol
53
67
60
54
66
68
59
70
52
71
58
57
209
Western district
mills, of dol__
174
211
213
199
169
177
170
209
215
146
175
167
Lapse rates
1925-26= 100__
125
118
135
MONETARY STATISTICS
Foreign exchange rates :#
6.340
Argentina
dol. per gold peso
6.344
6.335
6.340
6.337
6.336
6.336
6.330
6.338
6.326
6.333
P. 330
P. 333
Belgium _
_ _ dol. per belga
.233
.234
.234
.234
.234
.220
.229
.234
.237
.233
.237
.235
.233
Brazil
dol. per milreis
.085
.084
.086
.085
.086
.085
.086
.082
.082
.085
.083
.082
.082
Canada
dol. per Canadian dol.
.998
.992
1.002
1.002
1.024
1.021
.995
1. 012
1.013
1.008
1.002
1.029
1.025
Chile
dol. per peso..
.101
.103
.102
.103
.102
.095
.103
.096
.103
.051
.103
.103
.104
England
..dol. per £__ 4.89
5.09
5.05
5.03
5.04
5.15
5.07
4.94
5.05
4.95
4.99
5.11
4.99
France
dol. per franc..
.066
.062
.066
.066
.065
.066
.066
.067
.066
.067
.066
.066
.066
Germany
dol. per reichsmark..
.397
.383
.385
.402
.376
.389
.396
.395
.395
.401
.403
.405
.402
.383
India
-.
._ _ dol. per rupee
.379
.372
.380
.383
.379
.388
.381
.371
.379
.376
.369
.375
Italy
dol. per lira
.086
.086
.085
.086
.086
.083
.087
.085
.086
.087
.086
.085
.085
Japan
dol. per yen
.300
.303
.302
.298
.300
.288
.301
.299
.298
.298
.291
.285
.287
Netherlands
_
dol. per florin
.673
.684
.679
.679
.678
.676
.636
.678
.660
.686
.681
.675
.676
Spain
dol. per peseta
.136
.133
.137
.137
.130
.133
.137
.137
.138
.138
.100
.137
.137
Sweden
dol. per krona
.263
.260
.255
.260
.266
.263
.261
.258
.260
.260
.252
.255
.257
.802
Uruguay
_ dol. per peso
.802
.812
.803
.801
.810
.802
.788
.806
.806
.800
.758
.806
Gold and money:
Gold:
Monetary stocks, U. S
mills, of dol._ 8,284 * 4, 323 o 7, 138
7,602
7,893
8,191
7,821
7,736
7,759
7,971
7,971
7,989
8,047
Movement, foreign:
Net release from earmark.thous. of dol._
-837 -1,133
61
986
588 -1,055
2,419
12, 206
489
1,131
68, 653
260
-85
140
Exports
thous. of dol._
44
22, 255
114
310
6,586
14, 556
2, 173
51
37
1,780
4,715
363
Imports
thous. of dol_. 149, 755
92, 249
52, 460
3,585
13, 010 121, 199
1,947 452, 622 237, 380
54, 785
35, 362
70, 291
51, 781
Net gold imports, including gold released
92, 170
from earmark *• *
thous. of dol__ 150, 523
52, 934
36, 170 -16,251
53,615
64, 691
11, 097 120, 804
9,438 521, 223 236, 499
34, 071
Production, Rand
fine
ounces- 890, 000 907, 641 826, 363 874, 112 865, 822 898, 418 868, 129 876, 094 881, 861 857, 442 885, 627 878, 847 866, 037
Receipts at mint, domestic fine ounces.. 98, 590 116, 543 68, 845 93, 222 97, 751 101,217 94, 439 141, 910 93, 212 144, 313 153. 887 96, 365 119, 864
5,577
Money in circulation, total
mills, of dol_. 5,411
5,427
5,494
5,368
5,341
5, 339
5,366
5, 350
5,355
5,473
5,355
5,669
Silver:
1,014
Exports
thous. of dol._
1,424
1,162
734
665
2,404
1,741
1,425
1,789
1,698
859
1,638
1,248
Imports
thous. of doL. 19, 085
20, 831
8,711
14, 425
15,011
1,823
5,431
1,955
2, 458
21, 926
3,593
2, 128
4,435
Price at New York
dol. per fine oz._
.544
.495
.452
.524
.452
.459
.452
.463
.490
.543
.442
.442
.544
Production, world •
thous. offineoz 15, 767 14, 824 13, 427 13, 640 16, 519 16, 131 14, 871 13, 667 15, 481 15,032 a 15, 581 0 15, 319 0 15, 426
1,512
1,187
Canada
thous of fine oz
1, 039
1,015
963
1, 359
1,517
1, 085
1,543
1,378
1,531
1, 351
1,368
" 5, 614
6,098
Mexico
thous of fine oz
0, 821
5,321
7,822
6,536
6,241
5, 413
4,495
6,461
6,000
7,065
6,000
2,917
United States
thous. of fine oz
1,786
2,312
2,389
1, 853
2,099
2,722
2,087
1,976
2,791
2,303
2,025
1, 903
Stocks, refinery, end of month:
1,146
5,465
United States
thous. of fine oz
4,419
7,174
7,907
5,068
8, 919
10, 645
11,865
7,865
1,369
7,275
916
2,743
Canada
thous. of fine oz
2,739
2,402
3,452
2,141
2,630
2,593
2, 389
2,423
2,257
2,055
2,449
2,955
NET CORPORATION PROFITS
(Quarterly)
Profits, totalf
mills, of dol..
* 364. 1
* 315.0
~p~87.~4~
Industrial and mercantile, totaLmills. of dol
» 145 3
94.6
p20. 2
Autos, parts and accessories mills, of dol
46.2
31 8
24.0
Foods
_ mills, of dol
24.8
20.6
6.4
Metals and mining
mills, of dol
8.4
9 2
Machinery
mills, of dol_.
38
5 4
3.1
Oil
_.
_
mills, of dol
9.5
5.8
2.8
d
v
14
g
d
16.4
Steel and railroad equip
mills, of dol.
10 9
Miscellaneous
mills, of dol
j
39.9
39 9 !
38.0
Public utilities!
mills, of dol
!
46. 6
v 55 1 i
59 1
Railroads, class I (net railway operating
income)
mills, of dol
115.9
112.2
113.6
_.
|
Telephones (net op. income)-. .mills, of dol..
v 50.1
49.1
A Or exports (—).
d Deficit.
» Preliminary.
6 Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.
m
Decision of Treasury and Federal Reserve 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 the
January total, which is the daily average figure for the month. Large increase in February 1934 resulted from revaluation of the dollar to 59.06 percent of former gold content.
* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issue, net gold imports.
t Revised series. For earlier data see pp. 18 and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections, and
p. 19 of the July 1934 issue, corporation profits.
• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series previously presented in the SURVEY covered
the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931, 82.0; 1932, 75.5; and 1933, 77.5.
# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found TJanuar
in the 1932 Annual Supplement to the Survey | January
y January
33
1934
February
March
1
April
May
June
July
DecemAugust *» October November
ber
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month
mills, of dol.. 28, 476
25, 068 26,052
28,479
26, 158 26, 118 26, 155 27, 053 27, 189 27, 080 27, 190 27, 188 27, 299
Expenditures, total (incl. emergency) c?
663, 725
thous. of doL. 481, 343 997, 022 643, 965 623, 592 °2,983,939 563, 226 749, 347 478, 859 523, 078 462, 034 771, 530 656, 589
439,088
Receipts, total ^
thous. of dol_. 233, 486 229, 118 3,024,210 434, 555 199, 278 246, 801 411, 337 232, 712 297, 256 515,383 302, 287 292, 219
22,952 36, 174 30, 509
Customs
_
thous. of dol.. 26, 351 26, 306
28, 376
32,428
23, 275 23, 122 23, 792 21, 041 20, 837 19, 331
Internal revenue, total
thous. of dol.. 194, 366 182, 405 174, 036 390, 353 153, 364 194, 294 362, 243 195, 592 229, 548 379,738 209, 697 189, 119
333, 785
Income tax
thous. of dol.. 22, 321
15, 850 24, 803 228, 526 21, 075 23, 776 186, 161 21, 709 22, 924 171, 177 19, 189 22, 528 163,057
Reconstruction Finance Corporation loans outstanding, end of month:* §f
Grand total.
thous. of dol__ 2,662,732 2,515,986 2,571,455 2,654,838 2,701,206 2,734,607 2,883,600 2,714,040 2,691,917 2,680,898 2,654,955 2,671,378 2,690,032
Total section 5 as amended.. thous. of doL. 1,264,450 1,584,689 1,561,335 1,498,661 1,465,359 1,438,924 1,436,187 1,336,592 1,297,412 1,289,672 1,283,439 1,295,928 1,309, 206
Bank and trust companies, including receivers
thous. of dol . 595, 717 700, 630 690, 465 651, 176 620, 470 606, 072 598,909 582, 200 594, 905 591,972 583, 452 599, 397 632,209
20,082
62, 820 59, 553 55, 226 49, 970 44, 486 40, 443 36, 893 31, 494 28, 252 25, 205 23, 259
Building and loan assoc.. -thous. of doL. 15, 640
24,829
Insurance companies
thous. of dol. . 24, 023
54, 058 51, 553 38, 249 35, 397 34, 748 32, 619 31, 678 30,722 29, 982 29, 420
56, 269
159,
327
160,
767
178,944
155,
874
Mortgage loan companies -thous. of dol._ 156, 292
167, 316 161, 098 187, 475 190, 870 192, 151 184, 790 162, 081
160,591
376, 555
Railroads, incl. receivers.. thous. of doL. 379, 087 340, 724 345, 176 345, 179 344, 932 344, 695 353, 382 354, 447 343, 189 343, 287 353, 170 361, 506
94,940
All other under section 5_-thous. of dol.. 93, 691 245, 309 244, 774 234,435 224, 269 217, 409 216, 559 145, 643 134, 064 134, 672 132, 303 126, 471
Total emergency relief and construction act
473,312
as amended
thous. of dol._ 478, 617 514, 031 538, 245 556, 231 561, 147 571, 631 612, 189 571, 964 533, 864 505,902 474, 255 466, 125
122,743
Self-liquidating projects... thous. of dol.. 125, 408
71, 497
71, 218 80, 196 82, 667 88, 446 93, 010 96, 062 107, 287 111, 184 112, 291 117, 027
Financing of exports of agricultural sur14,992
pluses
thous. of dol._ 15, 176
10, 052
15,176
9,043
11, 051 12, 314 12, 749 13, 947 15, 185 14, 985 14, 954 15, 271
Financing of agricultural commodities,
37,620
and livestock
_. thous. of dol.. 40, 315 134, 476 157, 973 165, 993 167, 268 171, 875 206,672 162, 175 113, 068 81, 538 48, 687 36, 332
Amounts made available for relief and
work relief
thous. of doL. 297, 718 299, 014 299,014 298, 991 298, 897 298, 560 298, 559 298, 542 298, 524 298, 227 298, 006 297, 774
297,774
Total bank conservation act as amended
865,083
thous. of dol. . 874, 221 410, 473 465, 081 593, 041 656, 178 704, 017 814, 708 781, 436 803, 280 827, 660 837, 929 849,819
6,900
42,431
Other loans
thous. of doL. 45, 443
6,789
6,789
19, 519 20, 031 20, 511
59, 506
24,048 57, 362 57, 664 59, 391
CAPITAL ISSUES
Total, all issues (Commercial and Financial
86, 984 146, 879 236, 245 141, 872 305, 522 373, 362 258, 810 69,246 157, 574 141,668 186,127
Chronicle)
.thous. of dol._ 140, 852 «90, 555
Domestic, total..
.
thous. of dol . 140, 852 "90, 555
86, 984 146, 879 235, 045 141, 872 305, 522 373,362 1 208,810 69, 246 157, 574 131,668 186,127
0 10, 000
0
Foreign, total
thous. of dol_.
0
1,200
0
0
0
0
0
0 50,000
0
18, 019 17, 187 31, 390 29, 800
Corporate, total
thous. of dol..
7,483
15, 366
26, 340 87, 524 31, 781 33, 167 145, 779
47,259
7,726
9,390
5,195
4,038
Industrial.
thous. of doL
3,366
4,609
6,199
1,569 j 10,500
1,300
COO
5,983
420
4,319
0
0
0
0
18, 500
In vestment trusts
thous. of dol- 0
0
310
0
0
0
0
0
0
0
0
0
Land, buildings, etc
thous. of dol..
0
0
0
0
400
0
0
0
0
0
0
0
0
400
0
0
Long-term issues
thous of dol
0
0
0
0
0
0
0
0
0
0 !
0
0
0
0
0
0
0
Apartments and hotels.. thous. of dol..
0
0
0
0
0
0
0 !
0
0
Office and commercial— thous. of dol_.
0
0
0
0
0
0
5,583
1,360
8,000
13, 187 20, 000 28, 000
Public utilities
thous. of dol..
12, 000
15, 000
4,000 43,500 ! 6,315
1,500
2,963
2,000
6,481 76, 746
17, 582 19, 747 100,000 i 1,204
23,072
Railroads
thous. of dol
0
1,200
1,200
0
0
0
0
0
0
0
290
Miscellaneous
thous. of doL.
0
9,000
1,500
0
250
0
444
18, 300
Farm loan bank issues
thous. of dol.. 36, 200
8,900
25, 000 45, 000 32, 500 158, 900 135,000 i 164,111 13, 000 83, 000 10, 000
28, 000
120, 568
Municipal, States, etc
_ thous. of dol
96, 926 °55, 071 62, 718 95, 540 103, 722 77, 591 113, 455 92, 583 26, 680 39, 059 43, 184 91, 868
Purpose of issue:
140,941
New capital, total.. .
thous. of dol
79, 121 97, 276 143, 404 102, 733 122, 506 216, 645 179, 548 43, 375 121, 903 107,036
92, 097 «47, 953
Domestic, total
thous. of doL. 92, 097 <47, 953
79, 121 97, 276 i 143,404 102, 733 122, 506 216,645 i 179,548 43, 375 121, 903 , 107,036 140,941
390 i 8, 227
9,420 20,279 ! 8,019
34,861
Corporate
thous. of dol..
13, 770 28, 241 1 28, 823
4,387
13, 058
5,983
5,267
0
Farm loan bank issues. -thous. of dol..
7,000
3,000
15. 000 12, 500 11, 500 105,000 i 153,111
0 83, 000 ! 10, 000
5,000
6,000
18, 418 36, 188 1 38, 513 ! 88, 809 106, 080
Municipal, State, etc
thous. of dol.. 80, 830 "36, 970
59, 063 80, 506 100, 164 61,410 101, 586 91, 366
0
0
0
0
0
o !
o
Foreign
thous. of dol .
0
0
0
0
0
0
Refunding, total
__
thous. of doL. 48, 755 »42, 601
49, 603 92, 841 39,139 183, 016 156, 717 79, 262 25, 872 35, 671 34, 632
45,185
7,863
59, 283
2,958
12, 569
23, 747 125, 500 10, 000 10, 000 31, 000 21,573
12,398
Corporate
thous. of dol..
2,308
1,500
2,459
Type of security, all issues:
Bonds and notes, total
thous. of doL. 138, 848 "84, 572
85, 926 142, 270 231, 550 138, 631 296, 102 371, 783 258, 810 64, 197 157, 184 1 141, 668 184,800
Corporate
thous. of dol
47,259
26, 340 87, 524 28, 540 23, 747 125, 500 18, 019 17, 187 31,390 29, 800
15, 366
5,722
1,500
390 i
4,695
3,241
1, 579
0
9,420
Stocks.
thous. of doL.
4,609
2,300
1, 327
5,983
1,058
2,004
0
State and municipals (Bond Buyer) :
0
Permanent (long term)
thous. of dol. .
"139, 546 « 75, 472 -104. 736 "112,430 «80,928 °184, 124 "122,683 "49,166 41, 974 « 69, 943 79, 692 113,787
60, 474 60, 478
18, 852 99, 050 13, 986 ; 22, 420
18,850 39, 596
Temporary (short term)
thous. of dol _
41,963
86, 175 25, 395 59, 341
SECURITY MARKETS
Prices:
Bonds
89.39 • 89. 85
89. 79
88. 99
90.46 1 90. 17
90.80
All listed bonds (N. Y. S. E.)..
dollars..
89.15
88.27
90.73
86.84
88.27
91.30
91.23
92.54
92.32
92. 00
91. 13
93.16
Domestic issues
dollars. _ 93.35
91.09
91.68
90.12
90.05
92.57
88.77
78.97
80.61
81.57 i 80. 79
80.15
79.59
Foreign issues
dollars. . 81.06
80.89
81.58
79.89
80.43
80.97
78.65
Domestic (Dow-Jones) (40)
81.25 ! 82. 05
83.42
84.12
81.66
82. 93
83.89
percent of par 4% bond..
79.73
83.91
71.89
77.85
78.97
86.02
76.83
75.40 ; 77. 13
76.72 ! 76. 07
77.55
72.34
76.57
Industrials (10) ... percent of par 4% bond.. 83.07
74.31
80.06
69.64
63.83
Public utilities (10)
93.48
92.76
87.37 1 88. 34
91.26
92.59
percent of par 4% bond..
81.98
75.64
95. 39
96.18
80.18
90.33
98.45
Rails, high grade (10)
103. 25 i 104. 68
97.46
100. 50 101. 57 103. 47 104. 68 102. 19
percent of par 4% bond.. 110. 25
107. 47
89.05
95.19
99.70
Rails, second grade (10)
64.52
73.94 ! 71. 84
69.92
64.59
71.45
64.61
63. 49
percent of par 4% bond..
71. 97
64.41
65.64
62.13
71. 22
98.4
97.8
99.3
97.0 !
99.0
97.6
100.0
Domestic! (Standard Statistics) (60). dollars..
95.1
98.8
88.3
92.9
96.7
101.3
104. 66 i 105. 34 105. 90 106. 47 105. 42 103. 47 104. 69
104. 85
U. S. Government (Stand. Stat.)*^ .dollars. . 106. 50
103. 74
105. 53
101. 43 102. 74
66.04
64.39
65.94
65.10
67.78 | 66. 54
Foreign (N. Y. Trust) (40) .. .percent of par..
70.22
66.78
67. 17
66.83
67.73
65.60
Sales on New York Stock Exchange:
Total
thous. of dol. par value..
413, 391 373, 852 324, 464 356, 859 283,899 260, 507 263, 750 317, 140 285,009 278, 238 250,094 272,869
55,486 1 65,488 64, 643
Liberty-Treas
thous. of dol. par value
69, 290 151, 220 128, 605 98, 503 56, 359
52,667
70, 264 23, 606 47, 980
Value, issues listed on 2V. Y. S. E.:
\
44,816
Par, all issues
mills, of doL.i 44, 979
41, 761 41, 737 41, 727 41, 765 i 42,406 43, 554 43,964 44, 337 43,903 44, 083 44, 144
Domestic issues
mills, of dol. . 37,478 33, 792
37, 307
33, 775 33, 771 33, 851 34,504 35, 663 36, 113 36, 515 36, 185 36, 461 36,612
7,622 i 7, 533
7,822
7, 902
7,890
7,851
Foreign issues
..mills, of dol..
7,501
7,962
7,915
7,508
7, 955
7,969
7,717
39, 406 39, 665
Market value, all issues
mills, of dol..! 41, 064
40, 660
36, 264 36, 843 37, 198 37, 781 38,239 39, 547 39, 473 39, 454 38, 751
31, 325 \ 31, 855 33, 223 33, 225 33, 277 32, 586 33, 262 33, 566
34, 535
Domestic issues
mills, of dol._ 34, 984 29, 996
30, 440 30, 764
6,144 : 6, 099
6,324
6,177
Foreign issues.
..mills, of dol
6.080
6, 384
6,249
6. 268
6.403
6.435 1 6, 456
6,125
6,165
• Revised.
* New series. For earlier data see p. 20 of the August 1933 issue, Reconstruction Finance Corporation excepting the item "other loans" which appears first in December
1934 issue and p. 20 of the June 1933 issue, U. S. Government bond prices.
f Reconstruction Finance Corporation data have been revised for the year ended June 1934. Revised figures for period October 1933-June 1934 was shown on p. 33 of the
Dec. 1934 issue shown; July-September 1933 revised figures have not been published. Figures subsequent to June 1934 are preliminary. Revised series for July 1931-February
1933 appeared on pp. 19 and 33 of the April 1933 issue (domestic bond prices).
§ This excludes relief grants to States by the R. F. 0. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator. These amounted to $499,650,000 on Jan. 31, 1935, and $500,000,000 disbursed for relief purposes under Emergency Appropriation Act of 1935.
^ Includes $2,808,221,138 for February, $2,233,252 for March, $409,051 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843 for
September, $173,702 for October, $116,5So for November, $132,296 for December, and $123.639 for January representing the increment resulting from reduction in weight of
gold0dollar.
The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment in gold.
<$ Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
Digitized for
for FRASER
the period May 1932 to March 1933 are on p. 33 of the monthly issues, from June 1934 to November 1934. Later data are shown in monthly numbers.
SURVEY OF CURRENT BUSINESS
34
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
March 1935
1934
February
March i April
i
May
June
July
August
Septem- October Novem- December
ber
ber
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic! (Standard Statistics) (60) .percent..
Industrials (15)
percent-Municipals (15)f
percent-Public utilities (15)
percent-Railroads (15). _.
percent-Domestic, municipals (Bond Buyer) (20)
percent..
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills** _
percent .
182-day bills**
percent
U. S. Treasury bonds*percent. .
4.32
4.75
3.45
4.44
4.63
5.25
6.17
4.67
5.08
5.07
4.90
5.70
4.48
4.75
4.66
4.74
5.51
4.24
4.65
4.56
4.61
5.28
4.11
4.58
4.46
4.56
5.29
3.93
4.57
4.47
4.47
5.19
3.73
4.51
4.45
4.45
5.10
3.75
4.47
4.47
4.55
5.12
3.81
4.57
4.68
4.63
5.22
3.84
4.64
4.82
4.51
5.09
3.69
4.56
4.68
4.48
4.99
3.57
4.53
4.82
4.40
4.88
3.52
4.47
4.70
3.61
4.89
4.74
4.56
4.27
4.17
4.01
4.05
4.15
4.21
3.94
3.89
3.81
.67
2.83
3.50
.63
.85
3.32
.08
.27
3.21
.08
. 18
3.12
.06
.14
3.01
.07
2.94
08
2.85
20
2.99
.27
3.20
21
3.08
22
3.05
15
2.97
181, 107
152, 303
28, 804
201, 854
174, 709
27, 145
212, 413
188, 244
24, 169
177,807
172, 416
5,391
162, 170
155, 651
6,519
264, 155
246, 149
18,006
217, 544
182, 794
34, 750
113, 295
107, 860
5,435
245, 625
230, 336
15, 289
162, 704
158, 368
4,336
140, 477
135,419
5,058
343,031
319, 129
23, 902
209, 080
22, 670
1, 177. 5 1, 038. 7
918. 08 926. 42
1, 063. 4
926. 87
1, 079. 8
929. 04
1, 073. 4
929. 04
1, 094. 5
929. 04
1, 105. 1
929. 04
1,113.4
918. 05
1, 128. 9
918. 08
1, 131. 1
918. 08
1, 137. 1
918. 08
1, 163. 9
918. 08
1,168.7
1.12
3.58
.85
1.67
2.06
.98
1.15
3.58
.88
1.67
.206
.98
1.16
3.58
.90
1.69
2.06
.98
1.16
3.58
.91
1.70
1.98
.98
1.18
3.58
.94
1.70
1.98
.98
1.19
3.60
1.70
1.97
1.09
1.21
3.77
.96
1.71
1.97
1.20
1.23
3.77
.98
1.71
1.98
1.20
1.23
3.77
.98
1.71
1.98
1.20
1.24
3.77
.99
1.71
1.98
1.20
1 27
3 77
1.03
1.71
1 98
1.21
102.7
25.2
44.9
88.21
140. 48
35.95
75.6
84.0
73 2
45.5
107. 3
28.4
50 8
94. 35
147. 91
40 79
80 5
88.4
80 6
50 0
102.1
26.4
48 1
90.06
141. 30
38 83
77 1
84.9
76 1
47 6
104.3
26.0
49 5
92.36
144. 84
39 88
79 6
88.3
76 3
49 3
95.3
23.1
43 6
82.66
131. 17
34 15
71 8
79.6
69 8
43 3
96.7
23.8
44 3
85 71
135. 70
35 73
73 5
81 4
71 9
44 1
94.5
22 2
40 7
83 00
133 87
32 12
71 4
79 7
69 2
41 2
91.6
20 5
35 4
79 16
130 46
27 86
67 8
76 7
64 6
35 6
90.5
19.8
35 1
78.76
129. 95
27 56
67.0
75.7
63.7
35.1
93.5
19.8
35 7
81 71
135.32
28 11
67 3
76.4
62 9
35.6
99.3
18 8
35 8
85 14
141 62
28 67
4
1
7
3
101. 6
18 0
36 5
85 07
141 4fi
2H 68
69 2
80 3
58 ^
35 8
57 8
64. 2
56 834
56 7
62.8
29 916
60 4
66.9
29 847
58 6
65.2
25 343
58 7
66.7
16 802
57 8
66.8
21 116
53 4
65.1
16 693
48.1
65.0
12, 636
48 7
67.3
15, 660
51 6
72.4
20 868
49 1
73.2
93 5sy
37, 365
1,293
36, 658
1,293
36, 700
1 294
36, 432
1,295
33,817
1 294
34, 440
1,295
30, 752
1 294
32, 618
1 310
32, 320
1,313
31,613
1,305
33, 888
1 305
33, 934
1 305
3.36
3.04
5.59
2.25
3. 10
2.81
4.94
2.18
3.33
3.00
5.50
2.32
3.25
2.90
5.58
2.24
3.58
3.25
5.83
2.54
3.55
3.29
5.44
2.49
3.67
3.38
5.73
2.69
4.00
3.60
6.30
3.71
4.21
3.83
6.53
3.76
4.22
3.83
6.71
3.70
4.14
3.70
7.14
3.72
4.25
3.76
7.84
3.68
6.30
6 01
5 96
5 82
5.78
5 73
5 67
5.71
5,79
5.79
5 64
5 48
14
Cash Dividend and Interest Payments
and Rates
Dividend payments (N. Y. Times)
thous. of doL .
Industrial and miscellaneous. -thous. of dol..
Railroad
thous. of doL.
Dividend payments and rates (Moody's) :
Dividend payments, annual payments at
current rate (600 companies) -mills, of dol.Number of shares, adjusted
millions ..
Dividend rate per share, weighted average
(600) .
. . . . dollars
Banks (21)
.
..dollars
Industrial (492)...
dollars..
Insurance (21)
.-dollars.Public utilities (30)
dollars
Railroads (36)
dollars..
1 28
3. 68
1.07
1.91
1.87
1.24
Stocks
Prices:
Dow-Jones:
Industrials (30)
_
dol. per share..
103. 1
17.5
Public utilities (20)
dol. per share
Railroads (20)
dol. per share
35 5
85 82
New York Times (50)
- -dol. per share
Industrials (25)
dol. per share
144. 21
27 43
Railroads (25)
dol. per share
Standard Statistics (421)
1926=100
69 7
81.4
Industrials (351)
1926=100
57 4
Public utilities (37)
1926=100
Railroads (33)
1926=100
34.6
Standard Statistics:
Banks, N. Y. (20)
1926=100
51 5
Fire insurance (20)
1926=100..
Sales, N. Y. S, E
thous. of shares
19 410
Values, and shares listed, N. Y. S. E.:
Market value all listed shares -.mills, of doL. 32, 991
1,305
Number of shares listed
... .millions
Yields:
Common, Standard Statistics (90) .. per cent. . 4.24
3.74
Industrials (50)
percent..
8.02
Public utilities (20)
percent-3.79
Railroads (20)
percent-Preferred, Standard Statistics:
5.42
Industrials, high grade (20)
percent
51.6
57.5
54, 567
a
90K|
6Q
80
60
35
231.750
918. 08
3 73
1.06
1.78
1 90
1.21
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number .
Foreign
number-Pennsylvania Railroad Co., total
number..
Foreign
number..
U. S. Steel Corporation, total
number-Foreign
_.
number .
Shares held by brokers
percent of total ..
671, 052
7,563
235, 809
3,174
186, 612
3,770
19.01
675, 410
7,743
233, 707
3,151
192, 214
3,802
19.03
675, 426
7,686
233, 826
3,165
190, 745
3 785
19.73
674 739
7 826
232 998
3, 156
191 446
4 083
19.44
FOREIGN TRADE
INDEXES
Value:
Exports, unadjusted
1923-25=100..
Exports, adjusted for seasonal_1923-25=100Imports, unadjusted
1923-25 = 100. .
Imports, adjusted for seasonal. 1923-25 =100. .
Quantity, exports:
Total agricultural products
1910-14=100
Total, excluding cotton
1910-14=100
46
45
52
51
45
44
42
42
43
47
41
42
50
50
49
44
47
50
45
42
42
45
48
47
45
50
42
44
43
48
39
43
45
49
37
39
50
48
41
43
54
45
40
39
51
45
47
47
45
43
41
41
93
72
80
63
75
67
60
63
50
60
59
48
46
46
46
54
65
61
82
70
73
62
46
58
VALUE §
Exports, incl. reexports
thous. of doL. 176, 223 172, 174 162, 805 191,015 179, 444 160, 207 170, 574 161, 787 171, 965 191, 660 206, 352 194, 901 170, 676
By grand divisions and countries:
Africa
thous of dol
5,376
3,940
4, 999
6,595
8,502
7,996
5,708
7,064
5,637
6,659
5,757
7,290
6,663
Asia and Oceania
thous. of doL. 39, 969 35,903 34, 229 37, 641 37, 490 27, 538 38, 393 35, 935 38, 132 40, 119 46, 883 41, 837
44, 224
Japan__
thous. of doL. 19, 901 16, 763 14,926 16, 295 14, 824
12, 812
19, 977 26, 994
11, 507
16, 310
13, 857
22, 846
23, 309
Europe
thous. of dol
78, 550 90, 030 82, 182 92, 496 80,150 66, 692
68, 728 86, 912 95, 100 88, 541
67, 618 61,814
69, 346
7,544 13, 200
France
thous of dol
12, 909
10, 334
10, 935
10, 674
7,263
8,140
6,379
10, 512
6,476
9,131
9,935
Germany
thous. of doL.
4,735 15, 728 13, 820 15, 392 10, 824
7,443
6,803
6,847
8,230
7,703
6,275
5,063
4,646
* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years).
See special note below on yield on U. S. Treasury bills.
t Revised series. For earlier data see pp. 19 and 33, of the April 1933 issue, yield on domestic and municipal bonds.
§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1983, and January 1934
issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.
• Monthly data on yields from 91-day bills for period December 1929 to May 1934 are shown on p. 20 of January 1935 issue. Data on yields from 182-day bills not available prior to February 1934.
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
February
in the 1932 Annual Supplement to the Survey January January
35
1934
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
FOREIGN TRADE—Continued
VALUE—Continued
Exports, incl. reexports—Continued.
By grand divisions and countries—Contd.
Europe—Continued.
4,275
6,226
5,754
4,596
4,951
8, 445
Italy
thous. of doL
6,233
5,327
4,853
4,276
6,291
5,093
United Kingdom
thous. of dol_
37, 968 32,244 27,962 32,288 28,840 25, 922 24,862 24, 380 30,694 40,119 47,036 40, 536
23,151 19,096 19,879 25,798 26,650 32,415 28,515 27,281 27,852 25, 370 27,420 26, 655
North America, northern
thous. of doL
Canada
thous. of dol. 22, 815 18,812 19,602 25,363 26,254 31,989 27,987 26,761 27,257 24,850 26,875 26,038
15, 674 12, 342 11,788
North America, southern
thous. of doL
15,405 15,989 14,927 15,064 14,656 14,073 15,976 17, 418 15, 485
4,762
5,910
3,764
4,382
4,668
4,765
4, 506
5,035
4,753
4,666
Mexico
thous. of doL
4,136
4,614
South America
thous. of dol. 13, 503 10,864
9,728 13,081 13,449 12,998 13,919 13,597 16, 522 15,318 13, 774 15, 092
3,692
4,135
3,504
2,552
2,942
3,619
3,504
4,437
3,780
3,909
3,368
Argentina
thous. of dol.
3,712
3,169
3,965
2,961
3,551
3,400
2,989
3,343
3,216
4,359
Brazil.
thous. of doL
2,938
2,838
3,979
1,045
814
1,329
654
1,020
883
Chile
thous. of dol.
1,110
593
1,181
1, 645
545
1,048
By economic classes:
Exports, domestic
thous. of dol. 173, 560 169,531 159,671 187,495 176,499 157,171 167, 957 159,242 169,832 189, 237 203, 622 192, 321
Crude materials
thous. of dol. 55,814 60,402 54, 218 55, 276 45,878 37, 975 47,003 37,199 39,662 66,437 82,879 71,744
43.4
20.3
32.2
24.5
17.8
41.5
37.7
34.7
17.6
28.9
39.2
32.2
Raw cotton—
mills, of del17,821 16,816 14,923 17,058 22,071 20,059 21,873 18,458
16, 253 22,693
19, 569 20,073
Foodstuffs, total
thous. of dol.
5,342
7,294
6,894
3,685
5,287
4,086
5,348
3,994
3,023
6,139
4,060
4,589
Foodstuffs, crude
thous. of dol.
12,167 15,399 12,675 13,934 12,473 12,822 11,900 13,373 16, 784 15,999 16,531 13, 869
Foodstuffs, mfgd__
thous. of dol.
9.0
8.4
4.4
2.9
5.3
7.7
5.4
6.8
5.5
3.3
4.0
7.1
Fruits and prep
mills, of dol.
4.9
6.1
5.4
5.7
5.8
4.7
5.9
Meats and fats
mills, of dol.
5.1
6.8
5.7
5.4
5.6
3.0
1.7
3.2
1.6
1.2
3.1
3.7
2.7
1.9
Wheat and
flour
.mills, of doL
1.1
2.0
1. 7
27,196 25,018 24,456 31,382 29, 361 26,189 27,923 28,834 29,408 29,729 28,818 30,412
Manufactures, semithous. of doL
Manufactures, finished thous. of dol. 74,297 61,418 61, 428 80, 764 83,440 76,191 78,108 76,152 78,690 73,012 70,053 71,707
12.4
17.2
18.4
15.3
13.2
21.5
20.6
20.0
Autos and parts
mills, of dol.
20.6
10.8
14.0
11.0
4.2
3.5
4.1
4.1
4.3
4.0
4.3
5.6
5.8
Gasoline.
..mills, of dol.
4.8
3.8
3.8
18.7
20.2
18.2
19.2
18.9
14.4
14.6
18.3
17.0
18.6
Machinery
mills,
of
dol.
18.8
20.6
Imports, totalj 1
thous. of dol. 167, 006 135,513 132,656 157,908 146,517 154, 647 136, 082 127,342 119,515 131, 659 129, 629 150,919
Imports for consumption*
thous. of dol. 168, 623 128, 738 125,011 153,075 141,137 146, 866 135,048 124,123 117,288 149, 755 137,859 149, 412
By grand divisions and countries:#J
2,620
2,335
2,260
2,542
2,780
3,700
2,605
Africa
thous. of dol.
4,785
1,960
2,488
44, 714 36, 211 48,893 51, 746 55,877 49,146 38,335 34,368 37, 290 36,839 42, 709
Asia and Oceania
.thous. of dol.
9,114 11,453
8,599
8,805 11,913 10, 242 11,818
9,279
9,530
10,186 10,121
Japan_._
..thous. of dol.
37, 303 44, 765 45, 753 37, 545 39, 412 35,823 37,899 35, 788 41,980 40, 566 47,862
Europe
_
thous. of dol.
4,560
3,534
4,491
7,436
3,898
4,320
4,189
4,198
5,611
4, 358
France
thous. of dol.
6, 165
5,719
5,354
5,515
6,472
6,075
5,738
5,469
Germany
.thous. of dol.
7,495
5,168
5,854
5, 675
2,912
2,852
2,474
2,651
3,130 I 3,402
Italy
thous. of dol.
2,847
3,613
2,771
2,988
4, 113
9,703
7,649 10,433 I 8,215 10, 377
9,008 10,302
7,881
United Kingdom—
thous. of dol.
7,997 11,033 11,357
17,195 14,343 18,208 16,506 19, 242 18,468 19,360 19,260 21,078 22,497 21,974
North America, northern
thous. of dol.
Canada
thons. of dol.
16, 397 14,163
17,929 16, 271 18, 735 17,856 18,697 18,759 20, 648 21,661 21,602
9,285 10, 651 29,016 15,314 13.280
8,472 10, 768
9,720 10,912 13,039
9,317
North America, southern
thous. of dol.
2,165
2,962
2,441
2,824
3,922
3,110
3,000
2,509
2,859
3,466
2, 279
Mexico
thous. of dol.
17, 704 18, 721 24,620 21,921
South America..
thous. of dol.
18,818 16,800 16,908 14, 961 18,432 20, 023 21, 100
1,159
2,006 I 2 222
2,379
3,076
2,981
1,683
2,010
Argentina
thous. of dol.
2,727
3,365
2, 302
6,583
8,648 I I0l219
Brazil
thous. of dol.
7,127
5.635
6,671
7,826
8,561
9,436
5,496
9, 508
3,784
972 j 1,940
Chile
thous. of dol.
1,236
1,325
1,448
1,038
1, 912
2,631
By economic classes:#c?
Crude materials
.--thous. of dol. 43,133 35, 726 36,894 44,862 41,009 42,812 42, 578 39,086 34, 237 38,612 35,090 40, 117
Foodstuffs, crude._
_..thous. of dol. 27, 693
18,423 20,997 26,108 21,916 18,406 17, 283 17,239 17,748 23,023 22, 726 23, 440
Foodstuffs, manufactured..-thous. of dol. 38,118 20,840 17,299 22,482 23, 676 27,913 21,977 11,860 13,100 34,319 24, 068 24, 326
Manufactures, semithous. of dol. 29, 550 26,415 22, 220 29, 728 26,118 26,889 26,849 27,464 22,973 24,249 26,103 27, 447
Manufactures, finished thous. of dol. 30,129 27,334 27,602 29,847 28,418 30, 846 26,361 28, 474 29, 230 29, 552 29,872 S4, 082
4, 821
28,486
21,379
21, 009
15,842
4,407
13,152
2, 946
3, 225
1,271
168, 467
54, 520
35.0
15, 669
3,621
12, 048
5.4
4.1
1.4
30, 309
67, 9/0
12.4
3.4
19.1
132,252
126, 231
1, 901
26, 535
7, 032
37,023
5,167
5, 056
2, 905
7, 743
24,432
23, 685
19,441
3, 484
16, 839
3, 706
6, 305
1,685
28, 839
18,697
29, 190
21,018
28, 587
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
7,421
7,521
Operating revenue
thous. of dol._
7,392
6,826
7,079
6,641
6,590
7,052
7,011
6,961
7,497
Operating income
--thous. of dol
122
141
140
142
136
136
118
139
149
146
136
Electric Street Railways
8.143
8.143
8.143
Fares, average (320 cities)
cents.. 8.126
8.143
8.143
8.143
8.126
8.143
8.143
8. 120
8.143
8. 126
754, 459
Passengers carried t
thousands 752, 500 750, 249 698, 933 790, 773 833, 230 751,053 697, 676 640, 278 654, 485 654, 649 736, 686 702, 067
Operating revenues
thous of dol
Steam Railroads
Freight carloadings (F. R. B.):
60
64
63
64
63
63
67
Index, unadjusted
1923-25—100
58
63
56
58
61
60
57
82
Coal
1923-25 = 100-82
55
57
68
69
76
77
61
58
70
85
48
58
38
35
45
46
44
Coke
1923-25 — 100
69
67
86
71
56
54
33
31
35
34
30
31
31
29
26
28
Forest products
1923-25 — 100
26
31
33
57
95
84
65
Grain and products-. ._
1923-25 = 100
54
65
65
63
61
78
76
57
60
Livestock
1923-25 — 100
48
44
49
70
95
103
83
53
46
40
46
64
51
67
64
62
Merchandise, 1. c. 1
1923-25 — 100
65
67
66
67
67
65
65
61
65
65
7
8
8
19
42
8
83
73
63
Ore
.1923-25=100
59
87
14
10
M iscellaneous
1 923-25 = 100_ .
68
64
70
58
55
64
70
71
65
69
58
63
55
Index, adjusted
1923-25 = 100- 62
64
64
63
64
59
64
59
57
64
66
61
59
73
68
58
71
60
Coal
1923-25 — 100
87
66
63
78
63
68
69
64
Coke
1923-25=100-50
45
62
56
43
39
51
45
61
58
43
76
71
29
32
31
32
30
Forest products
1923-25—100
33
33
30
30
30
30
31
30
74
Grain and products.- .. . 1923-25 = 100
90
79
70
63
58
58
56
68
68
75
75
56
62
Livestock
1923-25 - 100
52
84
42
*6
52
54
107
87
51
51
48
55
65
64
63
66
Merchandise, 1. c. 1
1923-25=100
67
65
65
65
64
65
70
66
65
Ore
1923-25 = 10030
38
43
34
34
39
46
34
39
20
31
41
48
62
71
60
Miscellaneous
1923-25 — 100
72
66
58
64
68
68
59
69
67
67
a
2,442
3,142
2, 183
3,059
2,335
2,346
2,420
2,531
Total carst- .. ... - thousands
2,170
2,309
3,078
2,592
2, 353
Coal
thousands..
484
401
427
502
373
383
615
494
«524
575
730
581
551
22
23
30
22
Coke
_ ,
thousands
40
45
27
34
18
17
26
31
31
Forest products . _
thousands
90
97
92
110
73
87
101
123
83
89
85
75
118
Grain and products
thousands-112
122
106
174
160
174
111
96
a 117
120
171
148
125
Livestock . ,
thousands
114
65
124
82
58
70
65
77
89
171
67
90
61
Merchandise, 1. c. 1
._
721
664
615
627
660
789
613
638
797
653
577
828
640
11
Ifi
Ore _ ,
thousands
12
12
29
125
122
69
83
116
19
166
26
Miscellaneous
thousands..
892
773
785
1. 105
950
957
875
1. 163
978
885
912
« 740
1.214
a
* New series. Earlier data on value of imports for consumption will be shown in a subsequent issue.
Revised,
t Revised series. For earlier data see p. 19 of the August 1933 issue.
# Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See explanation on p. 9 of the March 1934 issue.
1 Data for December 1933, March, June, and September 1934, are for 5 weeks; other months 4 weeks.
$ Data revised for 1933. See p. 20 of the October 1934 issue.
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and referFebruences to the sources of the data, may be found
ary
in the 1932 Annual Supplement to the Survey January January
March 1935
1934
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Steam Railroads— Continued
342
Freight-car surplus, total
thousands
Box
thousands
207
84
Coal
thousands. .
Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I railways) :
Operating revenuesf
thous. of dol.. 264,213
Freightf
thous. of dol..
Passengerf
..
-thous. of dol._
Operating expenses! _.
thous. of dol. '212," 972"
Net railway operating incomet-thous. of dol.. 21, 349
Operating results (class I roads) :
Freight carried 1 mile
.mills, of tons..
Receipts per ton-mile.
cents..
Passengers carried 1 mile
-. .millions..
Waterway Traffic
Canals:
Cape Cod
.
thous. of short tons
New York State
.thous. of short tons. .
Panama, total
thous. of long tons..
U. S. vessels
. thous. of long tons
St. Lawrence..
-thous. of short tons..
Sault Ste. Marie
thous. of short tons._
Suez . _ _
. thous. of metric tons
Welland
thous. of short tons..
Rivers:
Allegheny
thous. of short tons
Mississippi (Government barges)
thous. of short tons..
Mononsahela
thous. of short tons..
Ohio (Pittsburgh to Wheeling)
thous. of short tons..
Ocean traffic:
Clearances, vessels in foreign tradet
thous. of net tons..
Foreignf
thous. of net tonsUnited Statesf
thous. of net tons
Shipbuilding. (See Trans. Equip.)
434
248
129
375
225
94
357
210
93
368
211
106
355
213
93
"338
«200
«94
348
201
111
359
209
119
318
195
94
328
207
85
381
224
109
« 392
228
•111
258,015
208, 780
27, 200
195,866
« 31, 058
248, 439
201, 661
25, 377
188, 591
29, 281
293, 178
240, 991
27, 440
209, 251
52, 038
265, 391
214, 266
27,045
200, 187
32, 265
282, 024
228, 587
26, 575
210, Oil
39, 495
282, 779
225, 709
31, 555
208, 313
41, 836
275, 984
221, 291
32, 187
208, 484
35, 221
282, 679
224, 837
32, 801
211, 706
39, 677
275, 511
220, 492
30, 607
203, 800
41, 020
292, 903
238, 792
28, 572
212, 573
48, 625
256, 967
208, 547
24, 846
197, 872
31, 583
257, 506
199, 356
32, 016
195, 351
38, 738
23, 762
.969
1,346
23, 198
.963
1, 234
27, 793
.966
1,343
23, 472
1.015
1,377
25, 260
1.007
1,340
25, 212
.994
1,612
24, 257
1.011
1,778
25, 402
.985
1,854
25, 885
.943
1,695
26, 497
.980
1,543
23, 708
.961
1,279
23, 105
112
0
2,124
979
0
0
2,035
0
217
0
2,465
1,119
0
0
2,435
0
250
140
2,291
1,038
54
13
2,534
254
274
550
2,303
1,008
979
5, 745
2,392
1,287
243
557
1,769
835
901
7,901
2,151
1,236
206
519
1,936
770
977
7,522
2,194
1,334
223
627
214
465
272
726
264
559
254
0
866
6,990
2,403
1,273
924
6,145
2,303
1,171
1,036
5,006
2,707
1,331
884
2,627
2,424
1,253
39
300
0
262
0
2,087
846
0
0
2,455
0
204
0
0
0
142
113
158
31
133
174
248
280
282
261
222
213
181
147
pQO
1,429
65
1,277
70
531
82
1,427
90
1,404
106
1,592
101
1,683
109
1,030
120
1,088
113
944
100
963
100
977
76
1,049
711
824
78
788
897
888
918
698
599
569
584
597
632
4,288
2,818
1, 471
4,354
2,888
1,466
4,201
2, 725
1,475
4,717
3,123
1,594
4,860
3,098
1,762
5,739
3,492
2,247
5,996
3,818
2,177
6,023
3,859
2, 165
6,541
4,260
2,282
5,855
3,666
2,188
5,691
3,666
2,025
5,296
3,402
1,893
4,327
2, 819
1,508
Travel
Airplane travel:
Express carried*..
pounds_.
155,726 147, 623 135. 354 150, 383 153, 331 170, 275 163, 342 198, 902 206, 327 221, 905 206, 327
217,852
3, 004
2,399
3,655
Miles flown*. _
thous. of miles
3,439
2,451
2,699
4,118
4,019
4,189
3,660
3,365
3,660
43,
292
27,
624
22,
606
33, 563
Passengers carried*
number35,
899
48,
172
54,
835
44.
728
28, 170
31, 415
44, 728
48, 477
12, 374
Passenger miles flown* thous of miies
10, 476
8, 717
14, 409
17, 897
10, 783
21, 358
18, 875
15, 595
18, 153
20, 838
18, 875
Hotel business:
2.83
2.84
2.85
2.95
2.74
2.86
2.92
Average sale per occupied room
dollars..
2.88
2.96
3.03
2.85
2.98
2.91
54
54
52
Rooms occupied
percent of total
57
57
54
54
64
58
58
61
58
57
Foreign travel:
15, 091
15, 334
20, 795
22, 249
19, 479
18, 213
24, 065
12, 388
Arrivals, U. S. citizens
number-11, 848
24, 976
49, 341
43, 927
18,542
14, 899
Departures, U. S. citizens
number..
22, 349
18, 984
26, 642
13, 936
18, 433
18, 003
37, 533
20, 825
48, 696
13, 942
2,304
4, 354
3,033
Emigrants
number. .
2,907
2,077
2,730
2,343
3,515
4,004
2,630
4,710
3,853
1,714
2,324
2,432
3,126
2,975
3.386
Immigrants
number
1,843
2,777
3,785
3,586
2,559
3,585
6,541
12, 294
4,959
Passports issued _
_
number4,190
19, 760
24,279
5,059
Si 046
5, 658
5,409
10, 946
7,591
5,599
National parks:
37, 404
Visitors
number- 54, 720 43, 510 57, 526 81, 707 81, 939 132, 030 287, 721 570, 295 531, 734 385, 147 74, 709 38, 729
9,344
12, 453
15, 291
7,375
8,346
31, 626
78, 928 145, 887 163, 074
16, 830
7,656
Automobiles
number
54,624
9,767
Pullman Co.:
1,122
1,303
1,371
1,132
1,212
1,280
1,265
1,131
1,227
1,403
1,354
Passengers carried
thousands ..
1,306
3,310
3,722
3,334
3,978
3,710
3,892
3,790
Revenues, total
thous of dol t
3,385
3,740
3,928
3,488
|
COMMUNICATIONS
Telephone (class A companies) :#
82, 615
Operating revenues
thous. of dol..
78, 533
81, 563
83, 349
81, 785
54, 862
Station revenues
thous. of dol
55, 012
53, 220
55, 015
55,428
18,, 341
20, 507
19, 833
20, 799
Tolls, message
thous. of dol..
19, 657
54., 780
56, 414
Operating expenses
thous. of dol
56, 803
57, 763
58, 564
16, 621
Operating income
thous. of dol..
16, 714
17, 416
16, 220
15, 799
14,, 523
14, 581
14, 635
Stations in service, end of mo
thousands
14,685
14, 483
Telegraphs and cables:
8, 443
9,523
9,324
9,130
8,760
8,276
9,557
8,910
9,477
8,750
8,686
Operating revenues
thous. of dol..
6, 477
7,372
6, 272
6,984
6,669
7,396
6,887
6,718
7,226
Commercial telegraph tolls. -thous. of doL.
7,397
6,657
7,639
8,154
7,360
7,925
8,024
7,664
7,906
Operating expenses
thous. of dol
7,750
7,768
8,168
7,961
1,222
822
405
910
513
734
895
Operating income
thous of dol
605
943
620
381
CHEMICALS AND ALLIED
i
PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
10, 542
19, 582
6,103
5,398
5,680
5,589
6,760
thous. of wine gal_
5,125
5,228
6,448
10, 048
9,841
19, 194
6,192
5,540
6,943
10,316
5,264
5,456
5,870
5,259
Production
thous of wine gal
6,731
1,380
1,149
1,059
1,763
1,245
1,298
1,076
1,580
1,527
1,801
Stocks, end of month thous of wine gal
1,978
Ethyl:
21,332
19, 550
12, 313
12, 731
13, 810
12, 998
13, 756
13, 478
13, 702
13, 823
15, 636
Production
thous of proof gal
Stocks, warehoused, end of month
14, 449
15, 566
27, 094
'20, 642
21, 590
24, 375
28,967
25, 893
27, 971
29, 788
17, 184
thous. of proof gal
Withdrawn for denaturing
32, 682
17, 272
9,032
11, 684
8,325
9,668
8,666
10, 148
9,248
11, 359
16, 456
thous of proo^ gal
1,266
1,573 1
1,172
1.052
1,558
1,176
1,075
2, 955
1,551
1,025
1,121
Tax naidH
thous. of proof sa . .
a
Revised.
*> Preliminary.
* New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles
flown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue.
t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For
revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue.
# Preparation of report turned over to Federal Communications Commission which has not yet compiled its initial report.
1 New series. Data for the years 1925-33 will be shown in a subsequent issue.
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
37
1934
February
March
April
May
June
| July
i
August
S
<"*f "I October
N
™^-
De
«f '
CHEMICALS AND ALLIED PRODUCTS— Continued
CHEMICALS-Continued
Alcohol— Continued:
Methanol:
38,211
77, 732 44, 937 41, 941 48, 945
Exports, refined
_
gallons.. 23, 222 106, 358 101, 484 135, 279
57, 259
38, 556 52, 612 28,348
.38
.38
.38
.38
.38
.38
.38
.38
.38
.38
.38
Price, refined, wholesale, N. Y_dol. per gal-.38
.38
Production:
319, 190
360, 822 337, 983 366, 052 342, 307 324, 063 298, 165 256, 136 253, 612 260, 402 297 759 309, 739
Crude (wood distilled)*! ^..-gallons..
979, 686 690, 961 916, 872 754, 980 897, 294 922, 551 939, 439 951, 834 1,079,910 1,309,086 1,789,970 1,301,841
Synthetic
_
gallons..
Explosives:
26, 892
25, 108
Orders, new*
thous. of lb._ 29, 147
25, 584 27, 725 26, 958 24, 231 24, 812
23, 384
26, 063 25, 489
22, 635
28, 504
Sulphur and sulphuric acid:
289, 089
314, 199
291, 366
293, 025
Sulphur, production (quarterly) * long tons _
Sulphuric acid (104 plants) :
77, 404 85, 915 137, 357 143, 282
152, 268
Consumed in prod, of fertilizer short tons
161, 500 149, 236 133, 983 107, 842 83, 969 80, 214 83, 079
Price, wholesale 66°, at works
15.50
15.50
15.50
15.50
15.50
15.50
dol. per short ton..
15.50
15.50
15.50
15.50
15.50
15.50
15.50
172, 052
Production
short tons _
143, 811 139, 615 132, 549 119, 619 107, 568 92, 894 88, 049 97, 478 116,120 149, 968 159, 781
Purchases:
39, 330
32, 312 20, 151 16, 945
3,441
7,411 13, 048 21, 136 38, 164
5,735
36. 734
From fertilizer mfrs
short tons
12, 158
22, 796
12, 560 27, 249
From others _
short tons..
29, 470 27,300 27, 766 22, 721 18, 793 26, 577
25, 951 17, 060
28, 813
Shipments:
14, 312
10, 242
14, 596 28, 111 31, 056 39, 797 41, 520
26, 664 21, 242 23, 733 21, 926
47, 367
To fertilizer mfrs
short tons..
27, 163 22, 793 34, 167 30, 240 25, 894
25, 783 21, 991 29, 587 23, 594 34, 938 28, 615
To others
_
short tons..
28, 537
FERTILIZER
Consumption, Southern States 1
126
101
88
499
1,234
26
764
51
97
thous. of short tons..
316
358
157
48
127, 081
Exports, totalf
long tons.. 68, 928 60, 390 109, 938 118, 692 98, 294 113, 752 105, 285 83, 382 126, 110 109, 982 135, 588 118,437
14, 240 37, 438
5,064
10, 227
2,646
4,577
Nitrogenousf
long tons__
6,241
18, 043
13, 615
16, 553 29,591 27, 121 21, 093
48, 304 91, 639
75, 950
Phosphate materials!
long tons
74 287 106, 354
96, 262
75, 600 108, 475 76, 987 104, 143 93, 509
107 313
56, 946
11
52
350
174
265
289
164
273
Prepared fertilizers
long tons..
426
153
206
405
312
91, 807
Imports, totalf#
long tons.. 155, 348 140, 327 121, 845 206, 781 178, 430 103, 723 66, 707 69, 285 48, 442 69, 176 81, 560 82, 121
Nitrogenousf
long tons.. 63, 245
95, 509 70, 739 147, 722 133, 706 71, 057 44, 164 43, 576
42, 085
18, 535 24, 666 31, 579 38, 728
1,212
7,195
17, 343 74, 584 80, 466 39, 321 10, 564
10, 976
931
150
17, 085
Nitrate of sodaf
long tons.. 27, 811 33, 690
1,786
3,521 - 2,309
3,141
2,001
1,495
Phosphatesf
long tons
2,267
4,158
1,910
1,541
2 411
5,847
3,126
19, 265 25, 845 38, 963 44, 422 35, 276
Potashf...
long tons. . 84, 235 37, 242 47, 293 55, 344 35, 845 17, 310
13, 355
44, 015
Price, nitrate of soda, 95 percent, N. Y.
1. 275
1. 275
dol. per cwt_.
1.350
1.350
1.350
1.350
1.350
1.275
1.350
1.350
1.275
1.350
1.275
Superphosphate, bulk:
328, 345 295, 334 285, 762 232, 936 168, 509 153, 236 147, 084 152, 566 188, 007 276, 444 307, 653 332, 140
Production .
.
short tons..
24, 965
40, 552 59, 466 161, 372 209, 026 85, 508 21, 463
9,711 21, 831 108, 752 63, 486
Shipments to consumers
short tons
23 358
1,130,174 1,124,243 976, 775 806, 914 820, 096 839, 680 871, 093 875,320 880, 238 957, 279 1,078,044 1,159 392
Stocks, end of month
short tons
NAVAL STORES
Pine oil:
Production
gallons.. 330, 830 305, 445 306, 375 293, 589 305, 273 293, 807 266, 020 261, 410 282,242 312, 375 300, 544 303, 686
317,912
Rosin, gum:
5.42
4.66
5.38
5.44
5.30
5.25
5.56
Price, wholesale "B", N. Y_._dol. perbbl...
5.20
5.49
5.46
5.31
5.31
5.25
122, 173
Beceipts, net, 3 ports. . _. bbl. (5001b.)._ 27, 411 39, 219 32, 640 59, 443 69, 496 97, 905 102, 417 116, 019 109, 234 89, 289 92, 482 100, 257
Stocks, 3 ports, end of month .bbl. (500 lb.)_. 272, 474 171, 263 152, 569 142, 574 156, 447 161, 001 171, 805 200, 649 218, 256 244, 968 260, 040 272, 027
321, 660
Rosin, wood:
46, 850 46, 016 43, 753 45 454 43, 243 38 554 37, 037 38 537 43, 095 39, 785 41, 884
Production
bbl (500 Ib )
44 489
41 016
83, 007 86, 492 89, 963 90, 329 98,080 98, 558 105, 286 105, 887 108, 933 109, 812 108, 244
Stocks, end of month
bbl. (500 lb.).- 110, 806
105, 339
Turpentine, gum:
.62
.52
.52
.53
.59
.51
.46
.54
.58
.48
Price, wholesale, N. Y
dol. pergal..
.59
.46
.52
8,721 17, 315 24, 658 27, 614 31, 148 32, 473 26, 856 25, 161 22, 999
4,985
2,639
Receipts, net, 3 ports
bbl. (50 gal.).. 4,300
22, 834
Stocks, 3 ports, end of month.bbl. (50 gal.)_. 94, 781 68, 786 54, 138 46T 010 46, 465 42, 570 47, 692 55, 171 65, 510 71, 778 86, 020 94, 189
106, 971
Turpentine, wood:
7,892
7,279
6,798
6,288
6,548
Production
bbl. (50 gal.).. 7,075
7,970
7,729
7,050
5,547
5,904
6,393
6,290
Stocks, end of month
bbl. (50 gal.).. 16, 116
18, 020
17, 859
19, 253 20, 289 20, 689
18, 504
18, 752
19, 016
19, 515
19, 078 19, 817
16,819
OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts (quarterly) :
Animal fats: t
217 186
177, 809
Consumption, factory
thous of Ib
228 945
190 774
692, 340
Production
«
thous. of Ib
545, 950
465, 719
498 603
417, 599
382, 938
Stocks, end of quarter
.thous. of lb.
444, 620
418,631
Gelatin, edible:
4,886
Production
thous. of Ib
3 585
1 570
4 679
Stocks, end of quarter
thous. of lb_.
9,561
6,556
8,908
7', 817
Greases: t
64, 940
Consumption, factory
thous. of Ib
60, 992
64, 722
49 246
Production
thous. of lb._
88, 154
90, 175
81, 954
89, 257
Stocks, end of quarter. _
thous. of Ib
84,600
75, 652
69, 600
73 856
Lard compounds and substitutes: t
Production
thous. of lb__
240, 739
218, 114
352, 965
338, 859
Stocks, end of quarter
thous. of Ib
26, 599
25, 133
24, 964
27 584
Fish oils (quarterly) : t
Consumption, factory
thous. of lb__
38, 166
43, 104
33, 595
46, 358
Production.
_ ..
thous. of Ib
33, 158
9,136
68, 374
98 116
Stocks, end of quarter
thous. of Ib
158, 396
161 411
71 872
189 492
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly) f
829, 229
652 544
thous. of Ib
802 381
479, 873
Exports
thous. of lb._
2,524
234
372
4,269
2,138
1,034
427
1,773
923
1,094
1,161 1
883
331
Importsf#
thous. of Ib
34 200
71 191 91, 959 66, 010 51, 535 70 163 56, 668 59 694 68, 665 41 302 55, 213 53, 935 60, 028
640,
075
361, 986
Production (quarterly) f
thous. of Ib
416, 559
730, 260
Stocks, end of quarter: t
716, 692
Crude
thous. of Ib
530, 959
554 108
548, 547
i
Refined.. __ . _.
thous. of Ib
870, 068
797, 171
502, 427
598, 460
Copra and coconut oils:
Copra:
i
Consumption, factory (quar ) short tons
65 439
47 39°
74 697
45 000
Imports#
short tons
8,624
5, 177
20. 606
27, 674
18, 079 21, 698 12, 037 24, 519 20, 599
3,735 10, 079
17, 393 23,786
Stocks, end of quarter
short tons..
49, 190
35, 386
15, 210
16, 772
* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
1 Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue for earlier data.
# See footnote on p. 35 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.
t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20
of the September 1934 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue; quarterly data for the years 1932 and 1933 also revised. See
p. 19 of this issue.
• Texas only. Louisiana produced 23 percent of United States production in 1933.
A The refined equivalent of crude production is approximately 82 percent.
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
March 1935
1934
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPEODUCTS-Con.
Vegetable oils and products— Continued.
Copra and coconut oils— Continued.
Coconut or copra oil:
Consumption, factory:
Crude (quarterly) t
thous. of lb_
Refined, total (quarterly )t thous. of Ib
In oleomargarine
_ -thous . of Ib _ .
Imports#_
_
___thous. of Ib—
Production (quarterly) :
Crude—
thous. of lb_.
Refined
thous. of lb..
Stocks, end of quarter:!
Crude
thous. of lb._
Refined
_
—thous. of lb._
Cottonseed and products :t
Cottonseed:!
Consumption (crush)
short tons..
Receipts at mills
short tons
Stocks at mills, end of month-short tons..
Cottonseed cake and meal:!
Exports!
-.short tons..
Production
short tons
Stocks at mills, end of month. short tons..
Cottonseed oil, crude:!
Production
thous. of Ib—
Stocks, end of month
-thous. of lb__
Cottonseed oil, refined:
Consumption, factory (quarterly)!
thous. of lb__
In oleomargarine
__thous. of lb_.
Price, summer yellow, prime, N. Y.
dol. per lb_.
Production!
thous. of lb_.
Stocks, end of month!
thous. of lb_.
Flaxseed and products:
Flaxseed:
Imports, United States*— -thous. of bu_.
Minneapolis and Duluth:
Receipts
thous. of bu_.
Shipments
thous. of bu_.
Stocks, end of month
thous. of bu_.
Oil mills:!
Consumption, quarterly. thous. of bu_.
Stocks, end of quarter
thous. of bu_.
Price, no. 1, Minneapolis._-dol. per bu-Production, crop estimate.thous. of bu_.
Stocks, Argentina, end of month
thous. of bu._
Linseed cake and meal:
Exports
thous. of lb_Shipments from Minneapolis
thous. of lb-_
Linseed oil:
Consumption, factory (quarterly)!
thous. of lb_.
Price, wholesale, N. Y
dol. per lb_Production (quarterly)!
thous. of lb-_
Shipments from Minn
thous. of lb_.
Stocks at factory, end of quarter
thous. of lb__
Lard compound:
Price, tierces, Chicago*.
dol. per lb._
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb_Price, standard, uncolored, Chicago
dol. per lb_.
Production .. thous. of lb_.
14, 428
31, 609
10, 558
46, 296
12, 745
35, 816
178, 399
78, 290
13, 599
22, 079
10, 559
30, 533
177, 236
113, 731
72,048
67, 374
4,542 "~6,~315~ "~7~7te~ 10, 279 "Ii,"360" "12," 787"
29, 047
35, 742
14, 810
20, 935
17, 210
17, 990
9,396
24, 614
124, 715
94, 292
13, 771
17, 492
95, 032
76, 143
84. 291
97,301
56, 716
63, 617
61,238
80, 658
""III"!
192, 808
14, 792
.! 174,154
39,886
174, 924
37, 381
In9.747
34,277
400, 855 469, 444 443, 274
138. 700 194, 086 156, 696
855, 083 1,022,416 741, 321
344, 610
107, 420
504, 131
176, 268
46, 346
374, 209
109, 367
55, 546
320, 388
92, 258
52, 407
280, 537
99, 699
42, 923
222, 761
195, 761
271, 145
300, 023
94
180, 603
340, 057
14, 625
211,854
289, 024
5,305
197, 142
289, 156
380
161, 050
265, 348
203
84, 241
252, 625
78
51,407
219, 637
366
41,011
175, 441
91
45, 738
124, 572
1,195
90, 633
96, 147
124
197, 694
170, 251
196
265, 597
257, 409
306
82
245,389
189,717
299,200 I 320,322
123, 708
100, 563
145, 007
188, 940
136, 949
175, 250
112,032
145, 129
59, 563
109, 328
38, 462
76, 318
29, 879
45, 794
31, 544
34, 400
59, 322
38, 670
133, 970
74, 034
183, 600
97, 752
165,808 1
100,685 !
128,872
95,267
9,015
I, 536
1, 889
248, 412
2,158
2, 073
3, 369
257.527
3,718
4,150
6,280
381, 728
7,428
7,322
7,323 :
359 °09
7,533
. 109
.047
110,283 109, 978
513, 341 781, 008
.051
134, 295
812, 754
.051
127, 447
841, 139
.052 !
.050
94,486 ! 65,822
843,168 J 804,946
.053
54, 643
738, 542
.059
43, 529
655, 552
.068
48, 522
543, 144
.075
81, 050
450, 012
.081
155, 437
461, 440
442, 281 598, 613 531, 067
415, 455
947, 372 1,030,607 527, 904
300, 626
803, 236 1,235,230 1,235,230 ,1,117,238
.092 !
.101
149,593 : 129,487
487, 369
516, 717
770
1, 031
1, 524
1,690
1,144 !
1,637
806
821
695
959
1,297
743 1
1,823
139
114
1, Oil
250
81
964
118
36
983
155
58
981
139
208 i
793
322
169
696
298
113
646
162
98
628
681
152
672
1,230
126
1,008
910
234
1,218
294 i
127 i
1,210 I
252
S3
1,108
:
l. 97
i.~90
I.~89~
i =;<",o
1,851
1.99
'
e 5 9-,3
3,937
4,331
32,805
7,714
5, 156
2,051
1.82
1.82
1.91
5,016
1.421
1.91
1.90
2.05
4 293
1,368
1.98
6, 299
7,283
6,693
5,118
4,724
3,150
3,543
2,756
2,362
1,575
2, 362
43, 239
37, 766
38, 080
38, 136
31,739 I
34,328
33, 441
32, 126
20, 935
30, 869
31,338
21, 558
10, 760
10, 025
9,847
5,513
6,648 i
5,871
5,292
7,628
5,533
6,483
7,325
8, 1S2
63, 712
.093
97, 452
2,859
J
.093
.097
78.189
.099
98, 626
3,603
.098
.099
61, 218
.094
85, 038
4,163
.091
.088
54, 338
. 0*7
90. 253
2,233
!
1.90 i
1.86
i
.
. 089
. 093
3,298 ~"l,~679
. 093
2~337~
3,644 ~~~3,~969~
160, 791
3,735 "~2~774~
128, 413
4,145 "~3,~525
109, 367
113,722
129
.068
,.073
.074
.073
.073
.074
.078
.086
.098
.107
.111
. 124
33, 724
16, 861
21, 350
22, 083
16, 146
20, 063
13,870
15,847
25, 736
27, 545
26, 421
28, 980
32, 178
.119
33, 632
.070
17, 870
..070
21, 572
.080
23, 616
.073
18, 023
.070
18, 266
.078
13, 986
.080
16, 363
.080
22, 026
.090
26, 842
.098
26, 517
.100
28, 809
.104
30, 470
20, 601
13, 486
6,015
7,471
7,115
17, 674
11, 895
5,639
6,256
5,778
23, 135
15, 610
7,105
8,505
7,525
27, 704
18, 436
7,590
10, 846
9,268
33, 615
22, 172
8,092
14, 080
11,443
28, 750
18, 944
7,630
11,314
9,806
23, 451
15, 910
7,449
8,461
7,541
24, 314
16, 081
6,579
9,502
8,233
22, 199
14, 177
5,268
8,909
8,022
24, 206
15, 382
5,814
9,568
8,824
20, 300
13, 224
5,208
8,016
7,076
16, 515
10, 805
5,226
5, 579
5,710
134, 418
61, 446
54, 049
118,811
49, 437
50, 452
140, 743
45, 136
69, 406
271, 929
44, 706
70, 783
322, 583
39, 825
93, 204
277,547
25, 782
77, 454
211, 782
21, 330
63, 442
235, 325
25, 292
71, 299
259, 136
27, 314
71,828
274,366
30, 807
78, 496
225, 078
27, 864
70, 304
227, 827
* 18,188
52, 869
PAINTS
Paints, varnish, and lacquer products :§
Total sales ._ .
thous. of dol__
Classified
-thous. of doL.
Industrial
thous. of dol_.
Trade
thous. of dol..
Unclassified (273 estab.)
thous. of dol..
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines .
..
dollars 284, 758
Plastic paints
dollars.. 22, 665
Cold-water paints
dollars.. 64,215
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
948
1,152
1,435
1,384
973
1,131
Production _ .
thous. of Ib
778
715
841
1,465
965
948
1,089
1,252
Shipments
thous. of lb.. 1,263
930
1,046
1,094
946
1,085
1,069
748
956
872
1,028
954
Cellulose-acetate : *
Sheets, rods, and tubes:
358
436
512
405
301
510
317
Production—
-thous. of lb._
1,004
449
375
393
304
466
377
418
351
512
Shipments
_
thous. of Ib—
220
265
558
383
1,026
415
409
267
448
• Dec. 1 estimate.
* For earlier data on lard compound price see p. 18 of the January 1934 issue. Data not available for cellulose products prior to January 1933.
! Revised series. For year ended July 1932 see p. 20 of the February 1933 issue, and year ended July 1934 see p. 38 of the November 1934 issue, revisions for each month of 1933
were shown when monthly data for 1934 became available, cottonseed, and for the year of 1932 see p. 37 of the June 1933 issue, exports of cottonseed cake and meal. Data
revised for 1933; see p. 19 of the September 1934 issue; quarterly data shown on this page for the years 1932 and 1933 also revised. See p. 19 of this issue.
§ Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.
I See footnote on p. 35 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.
SURVEY OF CURRENT BUSINESS
March 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
February
in the 1932 Annual Supplement to the Survey January January
1934
March 1 April
May
June
July
DecemAugust Septem- October November
ber
CHEMICALS AND ALLIED PRODUCTS — Continued
ROOFING
Dry roofing felt:
Production
short tons
12, 899
Stocks, end of month
short tons..
6,629
Prepared roofing, shipments:
Total
thous. squares
Grit roll
thous squares
Shingles (all types)
thous. squares. .
Smooth roll
thous. squares. _
8,868
8,037
7,722
6,647
13, 817
6,350
19, 816
5,072
19, 945
4,677
17, 021
6,324
12, 232
5,397
19, 467
5, 687
15, 667
6,411
14, 710
6,648
12, 972
6,672
11,310'
8, 555
1,046
215
144
686
1,006
223
178
605
2,161
420
412
1,329
2,873
536
727
1,610
2,334
587
656
1,091
1,265
326
1,617
382
423
812
3,666
773
831
2,061
1,941
545
460
936
2,317
583
638
1,095
1,871
446
471
954
1, 299
329
307"
663-
388
551
ELECTRIC POWER AND GAS
ELECTRIC POWER
Fuel consumed in production of electrical
energy. (See Fuels.)
Production, total!
mills, of kw.-hr_.
7,631
8,267
By source:
4,662
5,001
Fuelsj
mills, of kw.-hr
Water powerf
mills, of kw -hr
2,970
3 266
By type of producer:
Central stations!
mills, of kw.-hr._
7,147
Street railways, manufacturing plants, etc.
484
mills, of kw.-hr._
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.)
mills, of kw.-hr
5,911
1,244
Domestic service.mills, of kw.-hr._
1,162
Commercial— retail
mills, of kw.-hr_.
Commercial— wholesale ..mills, of kw.-hr.. --------2,748
Municipal and street lighting
222
mills, of kw.-hr
Railroads:
62
Electrified steam
mills, of kw.-hr..
396
Street and interurban.. .mills, of kw.-hr. . ----Re venues from ultimate consumers (Edison
162, 070
Elec. Inst.)thous. of dol..
GAS
Manufactured gas: *f
9,859
Customers, total
_
thousands
9,320
Domestic
thousands
89
House heating.. .
thousands
441
Industrial and commercial.
thousands
33, 143
Sales to consumers
millions of cu ft
21,417
Domestic
millions of cu ft
4,562
House heating . .
millions of cu ft
Industrial and commercial
6,945
millions of cu ft
Revenue from sales to consumers
34, 527
thous of dol
Domestic
thous. of dol..
25, 727
House heating
thous. of dol..
2,895
5,757
Industrial and commercial— .thous. of dol..
Natural gas:*t
Customers, total
_
thousands
5,483
5,175
Domestic
thousands
306
Industrial and commercial
thousands
Sales to consumers
millions of cu. ft
93, 222
Domestic
_. _.
millions of cu ft
39, 238
Industrial and commercial
millions of cu ft
53, 080
Revenues, from sales to consumers
35 406
thous. of dol
Domestic
thous. of dol._
24, 850
Industrial and commercial.. .thous. of dol—
10, 388
;;;;;:;;
7,049
7,717
7,443
7,683
7,472
7,605
7,710
7,206
7,831
7,606
« 8, 058
4,751
2,298
4,642
3,075
3,955
3,488
4,465
3,218
4,779
2,693
5,005
2,600
5,234
2,475
4,813
2, 393
5, 136
2 695
4,662
2, 944
a
6,571
7,263
6,981
7,195
7,040
7,176
7,318
6,845
7,424
7,203
« 7, 601
478
454
462
488
432
429
392
361
407
403
457
5,766
1,123
1,085
2,831
5,796
1,056
1,046
2,971
5,842
1,026
1,059
3,119
5,917
967
1,035
3,293
5,882
973
1,049
3,273
5,808
956
1,060
3,212
5,982
957
1,080
3,337
5,774
1,024
1,111
3,034
5, 988
1,081
1,112
3,142
5, 989
1,168
1,157
2, 989
6 126
1,224
1,192
2, 969
202
191
176
168
144
150
167
180
194
203
206
62
388
66
413
59
356
57
349
55
338
54
324
54
334
55
323
59
353
56
361
64
418
154, 832
149, 780
149, 852
147, 915
147, 337
146, 529
148, 464
150, 196
155,812
160, 451
163, 807
9,876
9,335
91
441
33, 425
20, 905
4,833
9,861
9 318
9,911
9 364
10, 004
9 461
9,996
9 457
10 014
9 474
10 057
10 053
33, 841
21 201
4,592
31, 886
20 484
3,348
9,971
9,425
95
440
30, 149
20,871
1,660
28, 657
20 441
25, 358
18 021
24 862
17 607
10 010
9 440
118
443
32 292
19 817
4 747
7,481
7 848
7,872
7,460
7,404
6 846
6 846
6 792
7 ogQ
7 191
7 46^
34, 242
25, 128
3,019
5,950
34 481
25, 394
2,851
6,094
32 869
24, 684
2,152
5,900
32, 313
25, 224
1,298
5,669
31 351
25, 162
540
5,549
28 196
22, 639
289
5,165
27 470
22,017
256
5,088
30 615
24, 898
388
5,219
32 C31
25, 480
910
5,512
32 068
24, 329
1,946
5, 663
33 003
24, 141
2, 954
5, 768
5,500
5,191
5,504
5 193
5,492
5 189
5,478
5, 184
5,484
5 199
5,435
5 155
5 466
5 188
5 515
5 234
5 564
o' 274
94, 349
38, 402
92, 177
37 879
83, 073
29, 756
72, 127
21, 143
66, 509
15 106
59, 115
11 256
276
280
58 618
10 331
63 779
12 180
67 957
15 570
5 630
5 319
308
78 969
23 354
5 613
5 297
314
90 305
34 006
54, 836
52, 898
52 340
50, 143
50 523
46 865
47 260
50 583
50 833
54 gi8 •
55 135
34, 815
23,814
10, 812
34 085
23, 382
10, 498
29 418
19, 254
9,996
24, 170
14, 799
9,236
21 020
11,851
9,035
18 098
9,804
8,135
17 698
9,299
8,252
19 328
10, 387
8,793
21 281
12, 132
9,007
26 196
16,056 i
9,984
32 506
21,498
10,826
307
88
445
309
93
443
301
292
91
441
670
283
87
441
317
278
89
442
274
q 514
95
440
27 575
20 189
430
10 083
9 526
' 106
442
29 341
2o' 860
1 237
289
q 488
' 115
442
30 24P>
1() 8()7
2 969
a
4, 874
3 184
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
4,939
thous. of bbl .
2,008
1,865
2,625
2,855
3,796
4,550
3 512 a0 3 277 P 2 96S
4 567
Production
thous. of bbl_.
2,494
2,422
3,703
3,263
4,455
4,826
5,075
3,271 a 3, 290 P 2, 721
4,708
Stocks, end of month__
thous. of bbl. .
4,762
5,218
6,325
5,675
6,718
6,797
6,868
6,692
6, 064 v 5, 654
6,270
Distilled spirits:*
Consumption (tax-paid withdrawals)*!
« 3, 444 « 2, 301 « 2, 802 a 2, 410 a 2, 384
thous. of proof gal._
2,366 a 2, 748 a 3 431 a 4 604
5 963
6 072
5 338
Whisky
thous. of proof gal .
2,376
2,124
1,974
2,828
1,893
5 267
2,097
2,210
2 828
3 961
Production, total
thous. of proof gal
7,345
9,635
7,970
12 224
9,334
8,158
10, 281
8 814
8 838
9 465 12 110
Whisky
thous. of proof gal_.
7,211
6,567
9,009
8,695
8,182
8,828
7,600
11 258
8*170
8 785 11 200
Stocks, end of month
thous. of proof gal-32, 280 37, 992 45, 766
51, 404 58, 137 63, 351 68, 872 73, 841 78, 380 84, 093 90, 055
Whisky
thous. of proof gal
29, 269 34, 496 41, 326 46, 386
52, 859
57, 962
63, 422
68 343 72 883 78 471 84 198
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p. 36).
Consumption (tax-paid withdrawals)^*
2,052
thous. of proof gal .
3,351
1,993
1,676
1,306
958
1,389
2 825
2 672
1,532
1,577
3 137
DAIRY PRODUCTS
Butter:
Consumption, apparent*!
thous. oUb_. 128, 802 «148f 581 145, 476 144, 107 136, 671 159, 369 138, 657 133, 067 150, 881 137, 487 144, 961 140, 844
136, 810
Price, N. Y., wholesale (92 score) -dol. per lb._
.24
.34
.25
.25
.24
.24
.20
.25
.27
.26
.29
.31
.27
Production (factory) !
thous of Ib
100 130 al!3 425 106 448 122 746 133 218 174 692 181 759 171 682 162 589 141 809 130 861 110 655
102 702
Receipts, 5 markets
thous. of lb_. 42, 716
45, 882 40, 888 50, 520 47, 206
61, 499
63, 812 61, 251 57,881 49, 392 49,928 41, 564
39, 110
Stocks, cold storage, creamery, end of month
thous. of lb_. 18, 984
75, 995 36, 853 15, 351 11,838 27, 161 70, 148 108, 748 120, 467 125, 047 111, 073 81,034 « 47, 175
a
Revised.
Preliminary.
* New series. For earlier data see p. 19 of the May 1933 issue, manufactured and natural gas, and p. 19 of the June 1933 issue, butter consumption. Beverage figures
are from the U. S. Bureau of Internal Revenue monthly data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. New series. Data
on consumption of rectified spirits, as indicated by the sale of stamps. Earlier data not published/
t For revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; for manufactured gas for 1932
and 1933 and natural gas for 1931, 1932, and 1933 see p. 20 of the May 1934 issue; for butter production for 1931 see p. 20 of the January 1933 issue; for 1932 and 1933 butter consumption
and 1933 butter production see p. 19 of this issue. Data consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries, revision for
Digitized forDecember
FRASER
1933, 4359.
http://fraser.stlouisfed.org/
• Consumption of rectified spirits figures plus ethyl alcohol withdrawn tax paid (see p. 36) equals Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
40
March 1935
1934
Monthly statistics through December 1931, 1935
Februences to the sources of the data, may be found T « nilQr ,,
ary
in the 1932 Annual Supplement to the Survey , januar y January
March
April
May
June
July
Se
August
^J°^ber|N^-iDec r .
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS-Continued
Cheese:
Consumption, apparent!
thous. of lb__ 50, 528
3,575
Imports!.
thous. of lb._
Price, no. 1 Amer. N. Y
_._dol. per lb._
.17
Production (factory) t
thous. of lb_. 26, 109
American whole milk!
-- -thous. of lb_. 18,771
Receipts, 5 markets ._ . -thous. of lb.. 13, 526
Stocks, cold storage, end of month!
thous. of lb_. 81, 246
American whole milkf
thous. of lb.. 71, 039
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened)
thous. oflb.. 14,297
Evaporated (unsweet'ed)§— thous. of lb.. 118, 562
Exports:
Condensed (sweetened)
thous. of lb._
499
Evaporated (unsweetened), thous. of lb..
2,679
Prices, wholesale, N. Y.:
4.85
Condensed (sweetened).. -dol. per case-Evaporated (unsweet'ed) — dol. per ease..
2.79
Stocks, manufacturers, end of month:
Condensed (sweetened) :
Bulk goods
thous. of lb_.
5,497
Case goods
thous. of lb..
8,068
Evaporated (unsweetened):
Case goods
thous. of lb- 59, 791
Fluid milk:
Consumption in oleomargarine
thous. of lb_.
7,731
Production, Minn, and St. Paul
thous. of lb— 27,094
Receipts:
Boston, incl. cream
thous. of qt..
Oreater New York*
_thous. of qt_. ~I637072~
Powdered milk:
Exports
..
thous. of lb_.
213
Orders, net, new
thous. of lb._
Stocks, mfrs. end of mo
thous. of lb__ ~~29,~ 790"
FRUITS AND VEGETABLES
Apples:
Production, crop estimate
thous. of bu..
5,732
Shipments, car lotf
carloads
Stocks, cold storage, end of month
6,936
thous. of bbL.
Citrus fruit, car-lot shipments!
carloads.. 14, 866
Onions, car-lot shipments!
carloads..
2,787
Potatoes:
Price white N Y
dol per 100 lb
.975
Production, crop estimate. ..thous. of bu__
Shipments, car lotf
carloads
18, 393
GRAINS
Exports, principal grains, including flour and
2,050
mealf
-thous. of bu_.
Barley:
Exports, including maltf
thous. of bu_.
628
Price, no. 2, Minn.:
Straight*
dol per bu
1 09
Malting*
.
dol. per bu._
1 18
Production, crop estimate
thous. of bu__
Receipts, principal markets*., .thous. of bu_.
2,297
Visible supply, end of month*. thous. of bu._ 12, 962
Corn:
Exports, including mealf
thous. of bu_.
74
Qrindings
_.
thous. of bu..
4,051
Prices, wholesale:
No. 3, yellow (Kansas City)__dol. per bu_.
.96
No. 3, white (Chicago)
dol. per bu._
.98
Production, crop estimate
thous. of bu_.
Receipts, principal markets
thous. of bu_.
6,720
Shipments, principal markets.-thous. of bu~
8,931
Visible supply, end of month*_thous. of bu.. 34, 204
Oats
Exports, including oatmeal f thous. of bu_91
Price, no. 3, white (Chicago)... dol. per bu_.
.56
Production, crop estimate
thous. of bu._
Receipts, principal markets
thous. of bu..
1,983
Visible supply, end of month*.. thous. of bu.. 21, 258
Rice:
Exports!
pockets 100 lb
73, 882
Imports#
pockets 100 lb
93,287
Price, wholesale, head, clean, New Orleans
dol. per lb..
.049
Production, crop estimate
thous. of bu_.
Receipts, southern paddy, at mills
thous. of bbl. (162 lb.)_.
688
Shipments to mills, total
thous. of pockets (100 lb.)._
829
New Orleans, .thous. of pockets (100 lb.)_.
78
Stocks, domestic, end of month
thous. of pockets (100 lb.)_.
2,247
j
"44,717
2,823
.13
' 28, 828
19, 821
13, 788
44, 371
3,902
.17
28, 962
21, 536
12, 366
47, 833 45, 459
4,757 i 3,676
.15
.13
37,541
44, 897
28, 234
33, 788
9,938
10, 553
59, 854
3,936
.14
61, 754
47, 563
15,029
45, 352
3,897
.15
66, 545
53, 222
14, 392
78, 789
65, 476
67, 819
54, 934
62, 153
49, 856
65, 450
52, 217
71, 469
58, 073
96,960 1 115,842
79, 925
97, 018
« 15, 391
« 98, 703
13,015
100, 272
16, 989
131,719
20, 532
152, 401
24, 907
188, 688
22, 103
210, 750
476
3,545
253
2,597
201
3,421
597
4,053
544
1,615
1,276
2,562
4.85
2.70
4.85
2.70
4.85
2.70
4.85
2.70
4.85
2.70
4.85
2.70
7,657
6,394
5,943
4,774
4,918
4,875
4,937
5,924
8,458
9,239
10, 105
13,912 !
167,074
112,936
99, 176
117, 115
151, 691
153, 149
54, 874
3,511
.15
57, 887
44, 650
17, 257
50, 163
4,063
.14
51, 206
38, 205
12, 840
61, 136
4,460
.14
47, 464
33, 732
14, 277
122,495 ! 127, 363
103,805 | 108, 624
118,008
102,832
109, 972 i « 102, 197
96,688 ° 89, 878
16, 997
190,089
19, 425
175, 125
16,226
146, 130
16, 691
138, 107
15,943
103,419 |
13,683
93,731
1,261
3,278
985
5,066
797
2,759
553
3,324
821 !
2,840 ,
470
2,965
46, 932
3,213
.13
62, 682
49, 106
16, 487
50,072
5,730
.15
35, 835
28,146
13,609
4.85
2.70
4.85
2.70
4.85
2.70
4.85
2.70
4.85
2.70
9,921
17, 156
9,210
17, 432
9,476
15, 891
9,417
13, 555
9,135
11, 236
205, 545
167, 864
175, 129
215, 700
203, 402
i
!
i]
42,394
3,565
.15
31, 163
21,517
9,522
:
:
4.85
2.70
°7,687
10, 516
a
156, 793
4,313
5, 041
5,682
4,225
4,168
3,461
3,900
5,184
6,332
6,165
35,021
33, 813
38, 665
36,732
37,908
35,202
31,899
27,988
24,004
24, 174
23,449
24,747
17,328
104, 575
16, 250
96, 427
18, 216
107, 667
17, 758
103, 395
18, 793
111, 196
19, 168
110, 931
20,766
110, 460
19,291
103, 812
18, 099
103, 331
18, 290
106, 118
17. 846
102,914
17, 350
101,691
351
9,732
29, 372
130
10, 577
24, 920
316
11, 197
25,006
316
10, 923
27, 648
225
12, 670
35,003
309
14, 691
40, 315
209
13, 184
43, 007
319
11,601
42, 838
376
11, 090
41, 794
163
11, 629
40, 795
234
11,437
36,530
168
11,174
« 33, 151
6,806
4, 722
4, 367
2,254
1,387
756
1, 145
1,897
10, 405
17, 742
7,776 :
« 119 855
5,672
5,474
14, 409
2,605
3,858
11,741
2, 125
2,131
15,785
1, 971
1,055
13, 039
2,933
392
12, 303
3,031
10, 140
2, 872
8, 128
1, 303
7,051
2,342
4,092
5,851
3,682
10, 408
7,394
3,514
10, 328
13, 631
2,083 [
* 8, 890
14, 533
1,886
1.006
.975
385 287
12,066
6,552 ;
6,380
2.195
2. 506
2. 388
2.013
1.762
1.200
.894
1.006
.948
21, 748
17, 158
23, 634
19, 763
21, 467
25,687
18, 748
11, 513
14, 761
21, 627
14.829 1
5,325
4,854
5,757
6,220
5,182
1,884
759
3,371
3,388
2,884
2,773
1,842
514
502
690
425
408
139
165
789
743
582
535
111
.81
.91
.95
1.00
1.07
1.16
1.02
1.10
1.06
1. 17
"
"-
1.541 j
|
1.09
1. 20
« 118 929
5, 188
4, 796
14,900
14,401
4,411
14, 102
3,026
13, 362
3,574
12, 207
2,678
10, 911
3,502
9,301
3,813
8,317
3,509
6,946
8,556
9,006
8,595
12, 403
5,484
13, 525
167
4,163
244
4,662
247
5,562
209
4,690
371
5,271
248
6,738
518
5,721
471
6,539
357
4,839
308
5,302
.45
.50
.45
.49
.45
.51
0)
.49
0)
.55
.57
.62
.66
.78
.76
.81
.84
.80
.82
15, 052
8,688
68, 067
14,458
6, 812
68, 384
12,800
9,017
65, 682
8,632
9,471
57, 396
8,072
15, 877
46, 808
9,579
11,353
38, 518
26, 568
13, 610
44, 830
41, 447
17, 488
60, 451
18, 685
10, 448
62, 407
16, 157
12, 372
58, 683
74
.37
69
.36
84
.33
95
.32
68
.35
81
.43
76
.45
69
.49
3,938
44, 696
4, 029
42, 307
3,050
38,011
5, 002
26,205
2,811
22, 524
3,388
21, 445
7,231
24, 605
4,886
24, 241
4,516
22, 627
73
.56
« 528 815
3,876 i
3,119
22,191 | 22,576
104, 951 i 87, 639
22, 150
15, 338
142, 504
35, 581
58,656 i 41,267
44,493 ! 52,973
89, 197
59, 149
75, 296
58, 464
59, 421
46, 173
31, 328
47, 313
61, 164
44, 645
61,640 i
42,643 |
53,225
46,330
.039
.039
.039
.039
.039
.039
.039
.039
.049
.049
« 38 995
721
932
1,974
910
612
910
67
853
63
810
77
714
58
2, 736
32,902 I
C)
87 i
.55
.039
.039
496
191
191
183
153
244
836
746
64
436 !
52 |
417
57
525
35
483
71
555
78
747
86
71
.52
993 1
112
224
4,062
147
5,261
.91 :
.96
.93 !. 1.01
e i 380 718
8,858 i
9,226
12,514 l
11,294
50,537 j 43,462
78 i
.54 1
2,632
2,488
2,439
2,215 i 1,896
1,575
1,267
972
1,083
2,189 1 2,356 i
2,311
Revised.
« Dec. 1 estimate.
i Prices not available.
* New series. For earlier data see p. 20 of the November 1932 issue, barley, receipts of milk in Greater New York, p. 20 of the August 1934 issue. Since the division of
no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1,1934, prices for each grade have been reported separately.
! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk cheese, p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,
September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1932 and 1933 revisions on cheese consumption and 1933
revisions on production of cheese, condensed and evaporated milk see p. 19 of this issue. For final revision for 1933, car-lot shipments of apples, citrus fruits, onions, and potatoes, see p. 20, January 1935 issue. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total barley, corn, and rice by months, see p. 2
of September 1934 issue.
# See footnote on p. 35 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.
§ Bulk evaporated milk not included since December 1931.
http://fraser.stlouisfed.org/ • Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
Federal Reserve Bank of St. Louis
0
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935 I
r
'
together with explanatory footnotes and references to the sources of the data, may be found January E January ]
in the 1932 Annual Supplement to the Survey
41
1934
>ru-
y
1
March | April
May
June
uly
October Novern
August September
ber
December
FOODSTUFFS AND TOBACCO—Continued
GRAINS— Continued
Rye:
Exports, including flour _ thous of bu _
0
.76
Price, no. 2, Minneapolis
dol. per bu__
Production, crop estimate
thous. of bu
86
Receipts, principal markets*.. .thous. of bu-.
Visible supply, end of month*..thous. of bu. . 11,486
Wheat:
Exports:!
Wheat, including
flour
thous. of bu_.
1,257
Wheat only
thous. of bu_.
14
Prices, wholesale:
No. 1, Northern, Spring, Minn,
dol. per bu..
1.10
No. 2, Red, Winter, St. Louis. dol. per bu._
1.02
No. 2, Hard, Winter, K. C...dol. per bu._
1.01
Weighted average 6 markets, all grades
dol. per bu_.
1.12
Production, crop estimate, total
thous. of bu
Spring wheat .
thous. of bu__
Winter wheat
thous. of bu_.
Receipts
-_
. thous. of bu _
5 127
Shipments
thous. of bu_.
8, 638
Stocks, visible supply, world thous. of bu
Canada __
thous. of bu_. 242, 363
United States •
thous. of bu._ 74, 774
Stocks, held by mills (quarterly)
thous. of bu
Wheat flour:
Consumption (computed) t— thous. of bbL _
8, 600
Exports
thous of bbl
265
Grinding of wheat
thous. of bii-. 37, 830
Prices, wholesale:
Standard Patents, Minn
dol. per bbL.
7.32
Winter, straights, Kansas City
dol. per bbL5.79
Production:
Flour, actual (Census)
thous. of bbL.
8, 331
Flour prorated, total (Russell's) f
thous. of bbl-_
9, 024
Offal
thous. of Ib
658, 172
Operations, percent of total capacity
52
Stocks, total, end of month (computed)
thous. of bbL . 4, 700
Held by mills (quarterly).. .thous. of bbL_
0
.64
0
.61
3
.59
9
.57
0
.60
1
.69
0
.74 I
0
.89
2
.87
0
.76
0
.76
402
12, 936
236
12, 032
181
11,621
251
11,002
1, 368
10, 505
1,903
11,452
2, 246
12, 208 :
847
11,798
1,401
11, 776
1,502
12, 323
2,332
13,425
0
.80
« 16.040
445
12. 572
4,570
2,867
4,039
2,667
4,733
3,065
5,482
3, 576
4, 335
1, 456
1,415 1
387
2, 168 !
826
2, 042
1, 776
2,199
109
1,923
57
1,936
152
1,511
32
.88
.91
.84
,90
.91
.85
.88
.89
.82
.83
.83
.78
.94
.87
.86
1.09 ;
.91
.89
1 10
.92 !
.93
1. 17
1. 01
1.07
1.25
1.04 j
1.08
1. 00 !
1.02
1.10
1.01
1.02
1.12
1.04
1.04
.88
.91
88
.83
.94
.95
.95 ;
1.15
1.19
!.14
1.13
1. 12
19, 082 i 12, 946 i 9, 154
14, 767 i 15, 395 1 15, 066
506, 250 497,570 i 471,620
222, 260 ! 246,247 249. 6X6
119,001 107, 050
98,' 756
* e496, 469
91 435
< 405, 034
7,843
8, 051
509.410
253,119
89, 766
9, 064
10,231
532, 9S()
220,759
94, 504
8, 408
12, 479
6,492
14, 566
495, 150 463, 660
211,091 196, 869
86, 856
77, 631
23, 445
15,447
451.850
190,717
79, 395
8,747
8,921
582, 140
233, 368
113,671
16, 009
8,087
558. 440
227, 060
104, 554
8,759
362
39, 903
8,633
292
36, 029
9,171
355
38, 320
6.84
6.83
6.64
6.34
6. 84
7.05
7.18
7.46
5.63
5.55
5.40
5 28
5.48
5.79
6.01 1
6.14
7, 325 !
115,247
49, 708 1 23, 045
13. 934
16,831
477, 190 1 491, 130
185, 120 183,710
117,973 121, 727
102,968
7, 963
400
34,187
9,052
270
37, 059
8,487
219
34, 476
8,719
7,867
8,362
7, 455
8, 103
7,507
9,564
706, 100
54
8,677
639, 724
9, 4C5
674, 587
50
8,298
607, 078
43
9, 208
657, 205
50
8,407
613, 279
46
5,010
4, 761
4,700
4.157
4, 764
4, 650
4,570
3,914
0)
160,904
7,550 i 8,891
286
435
33, 701 39, 682
134, 935
9 t 875
397
4! ,833
8, 8S1
3FO
37, 393
7. 50
7.32
7.25
6.22
5.88
9,268
443
40, 371
8, 654
8,822
9,181
7, 966 ! 9, 425
603, 486 1 704,298
52
47 i
9,881
716,936
59
10, 382
735,619
55
4, 920
5, 090
3 473
5, 2CO
4,700
8,211
0
8, 694
315
34, 323
7.25
0
7, 547
9,311
8, 585
655, 023 ° 601, 41 7
53
49
5, 250
4, 820
3. 857
LIVESTOCK AND MEATS
Total meats:
Consumption, apparent
mills, of lb..
1,272
1, 052
1, 085
1,000
1,015
1,178
1,092
981
Production (inspected slaughter)
mills, o f l b 1, 465
1,015
1,057
1,241
1,142
1, 052
1, 076
1,005
Stocks, cold storage, end of month, total
0
mills, of lb_1, 048
945
932
1,043
935
994
1,024
920
881
852
828
921
1 , 077
Miscellaneous meats.
.mills, of lb._
71
56
52
61
65
53
90
110
78
105
107
« 126
113
Cattle and beef:
Beef and veal:
Consumption, apparent
thous. of lb__
499, 292 438, 808 463, 946 448, 926 499, 805 461, 905 440, 043 483, 974
Exports!
-thous. of lb_.
1,389
1,356
1,778
2,670
2, 013
1,514
2, 269
1,342
2,250
1, 683
1,658
1,961
1.371
Price, wholesale:
Beef, fresh native steers, Chicago
dol. per lb_.
.089
.092
.113
.090
.099
.123
.114
.157
.125
.141
,133
. 126
.123
Production, inspected slaughter
thous. of lb__
492, 762 431,000 454, 655 437,914 493, 768 463,411 453, 986 498, 457 573, 493
Stocks, cold storage, end of month
thous of Ib.. 127, 198
72, 948 64, 745
42, 546
45,471
55, 848 46, 590
61,545
80, 075 92, 575 108, 399 127,953 " 140,940
Cattle and calves:
Movement, primary markets:
Receipts
thous. of animals..
1,592
1,812
1,404
1,500
1,889 "0 1, 653
1,809
2, 985
4,234
3,010
3,777
2, 163
1,797
Slaughter, local
thous. of animals
952
1, 099
999
1, 045
1,225
1,672
1,226
1, 209
2,186
1,221
2,140
1,356
1,711
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals..
°537
592
649
437
495
518
585
1, 231
2,041
1,071
1. 257
835
Stocker and feeder
thous. of animals,.
165
121
162
139
199
138
147
802
470
477
550
317
165
Price, wholesale, cattle, corn-fed, Chicago
dol. per 100 Ib.. 10.88
5.55
6.51
7.44
8.57
8.23
5.83
8.40
8.50
8.46
9.36
8.71
9. 17
Hogs and products:
Hogs:
Movement, primary markets:
Receipts
thous of animals
2,422 « 4, 245
2,674
2,727
2,468
2, 684
3,076
2,519
2,067
2,093
2.807
3,218
3, 140
Slaughter, local
thous. of animals. 1,934
1,853
1,679
1,883
2,272
1, 651 "3,011
1,777
1,420
2, 032
1,531
2, 338
2,189
Slaughter, inspected.
(See Leather
and leather products.)
a
Shipments, total
thous. of animnls..
1, 220
764
801
781
873
759
798
732
645
561
771
953
881
Stocker and feeder
thous. of animals-41
34
30
28
37
45
39
46
59
52
42
67
66
Price, heavy, Chicago
dol. per 100 lb_. 7. 99
3.38
4.33
4.34
4.27
3.87
3.58
4.85
6.19
7.23
5.95
6.51
5. 95
Pork, including lard:
Consumption, apparent
thous. of Ib..
715, 880 512, 275 536, 044 518, 5S7 631, 250 577, 156 493, 580 551,041 442, 679 568, 240 525, 748 486, 486Exports, total f
thous. of l b _ . ~~27~419~ 62, 617
52,114
56,251
50, 715
49, 762
79, 942
51. 243 45, 644
41, 650 35. 737 34, 023
25, 670
Lardf
-thous. of lb._ 17, 667
51, 202 36, 908 39, 493
66, 167
39, 350
41, 008
33, 466
29, 358
16,170
31, 506
26, 870
19, 739
Prices:
Hams, smoked, Chicago
dol. per lb_.
.135
.138
.165
.118
.120
.136
.156
.171
.172
.184
. 161
.176
.164
Lard:
Prime contract, N. Y
dol. per lb._
.057
.067
. 066
.071
.136
.066
.072
.090
.102
.122
.112
.068
. 101
Refined, Chicago'...
dol. per Ib._
.144
.062
.071
.077
.073
.070
.073
.081
.099
.116
.131
.108
.116
« Revised.
* New series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 18 of the January 1934 issue, wholesale price of lard.
f Data revised. For revisions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. 19 of the August 1933 issue. For revisions
of beef and veal exports for 1932, see p. 40 of the June 1933 issue. For revised export data for 1933, see p. 20 of the September 1934 issue.
* Dec. 1 estimate.
•1 Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
Price not available.
42
SURVEY OF CURRENT BUSINESS
March 1935
1934
Monthly statistics through December 1931, | 1935
ences to the sources of the data, may be found T n n n q r v
inlthe:i932_Annual Supplement to^the Survey : Jcmudr y January
F
aryU"
Marcn l
A
Pril
May
June
July
DecemAugust Septum- October November
ber
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS— Continued
Hogs and products— Continued.
Production, inspected slaughter, total
thous. of lb_Lard..thous. of lb._
Stocks, cold storage, end of mo.
thous. of lb_- 783, 567
Fresh and cured
thous. of lb- 670, 856
Lard..
thous. of lb_- 112,711
Sheep and lambs:
Lamb and mutton:
Consumption, apparent
thous. of lb_Production, inspected slaughter
thous. of lb._
Stocks, cold storage, end of mo.
thous. of lb_- 3,809
Movement, primary markets:
Receipts
thous. of animals.- 1 749
Slaughter local
-thous. of animals .- 1 092
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals-720
Stocker and feeder
thous. of animals-m
Prices, wholesale:
Ewes Chicago
_dol. per 100 lb_3 91
Lamb's Chicago
dol. per 100 lb_6 53
Poultry and eggs:
Eggs:
Receipts 5 markets
_ thous. of cases _.
750
Stocks, cold storage, end of month:
Case
thous. of cases..
53
Frozen
- thous. of lb._ 59 791
Poultry:
Receipts 5 markets
- thous. of lb-_ 23 64i
Stocks, cold storage, end of mo.
thous. of lb_- 122, 265
TEOPICAL PRODUCTS
Cocoa:
Imports #
—
long tons..
Price, spot, Accra, N. Y
dol. perlb.Shipments, Gold Coast and Nigeria
long tons..
Coffee:
Clearances from Brazil, total.thous. of bags..
To United States
thous. of bags. Imports into United States #. thous. of bags. .
Price, Rio No. 7, N. Y.
dol. per lb._
Receipts at ports, Brazil
thous. of bags..
Stocks, world total, incl. interior of Brazil
thous. of bags.- Visible supply, total excl. interior of Brazil
thous. of bags-United States
thous. of bags..
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons.United States:
Meltings. 8 ports f
long tons-.
Price, wholesale, 96° centrifugal, New
York
dol. per lb._
Receipts:
From Hawaii and Puerto Rico
long tons-Imports fi?
- - long tons-.
Stocks at refineries, end of mo.f
long tons..
Refined sugar:
Exports, including maplef
long tons-.
Price, retail, gran., N. Y
dol. per lb~
Price, wholesale, gran., N. Y..dol. per lb_.
Receipts:
From Hawaii and Puerto Rico*. long tonsImports:
Cuba*
- .long tons
Philippine Islands*
long tons _
Shipments, 2 ports
-long tons._
Stocks, end of month, 2 ports_..long tons..
Tea:
Imports #
thous. of lb_Price, wholesale, Formosa, fine, N. Y.
dol. per lb.-
|
i
915, 320
188, 461
573, 708
115,974
508,993 | 572,457
99,612 I 113,056
899, 160
730, 404
168, 756
910, 000
733, 956
176, 044
56, 556
48, 605
52,039
56, 799
47, 519
4,183
a
830, 997 ! 835, 185
657,222 ! 656,087
173,775 ! 179,098
699, 676
137, 597
633, 062
124, 069
823, 808
641, 568
182, 240
823, 560
628, 425
195, 135
47,676
47, 166
51,097 \
46,976
47,286
3,052
2,024
1,281
1,820
1, 132
1,454
902
1, 570 i
957
"693
a
111
547
79
2.75
7.23
574, 229
107, 101
452 672
78, 125
427 324
69, 424
652, 274
524, 220
128,054
561 807
88,548
625 055
101, 482
853,063
643, 566
209, 497
709, 165
542, 010
167, 155
45, 709
47, 452
57, 083
45, 829
47, 551
57, 215
1,363
1,450
1,518
1,608
1, 838
959
2,114
1 014
1,810
918
2,152
998
2,615
1 106
625
81
872
135
1,104
155
891
115
1,155
190
1,482
390
4 18
8.33
5 00
8.63
4 75
8 90
3 00
8 97
1 63
7.24
1 78
5.91
1 47
5 59
808
1 165
1,824
2 051
1 927
1 452
1 009
828
665
655
588
50
49, 910
90
39, 181
1,208 i 4,640
38, 679
62, 632
7,819
93 947
8,965
116, 058
8,961
121, 564
7,938
111 994
6,803
99 951
4 633
88 715
2 380
76 073
641 917
109, 999
a
0
0
610, 256
504, 737
105, 519
675, 740
571, 913
103, 827
2,400
3,074
4,687
3,324
1,384
4 056
2 128
1 833
1 017 1
1,931
774
1,943
908
819
283
644
133
2 09
5 56
2 00
5 56
2 00
5 61
o g3
5 ^8
805, 670
687, 563
118, 107
« 4, 560
1 54°
Q0°
64 °
0
643
a 64 879
31, 531
19 336
16,435
13 347
19 604
22, 755
22, 417
21 861
24 725
31 383
64 370
59 "3
120, 177
101, 776
74,197 ;
49,212
39, 790
40, 609
44, 904
46, 053
55,262
73, 401
105, 565
"132, 001
23, 378
. 0527
19, 146
.0472
16, 919
. 0520
30, 502 !
.0540
26, 539
.0539
8,044
.0561
10, 843
.0572
10, 456
.0535
10, 914
.0535
18,973
.0510
17, 154
. 0485
16, 713
.0487
10, 933
.0504
59, 032
52, 253
47, 607
42,235
22,287
9,850
10, 568
10, 798
15, 803
3,441
11, 822
32, 462
45, 259
1,096
609
1,059
.094
1, 093
1,877
997
1,100
.091
1,419
1,476
779
1,353
.107
1,381
842
425
996
. 104
1,212
903
418
790
.103
780
1,449
546
736
.102
901
787
512
788
.095
919
1,077
649
758
.097
1,245
1,467
783
919
.095
1,047
1, 308
815
1, 018
.094
1,154
978
514
1,021
.093
1,113
1,076
572
762
.093
1,105
0)
0)
0)
! 31, 118
29, 309
27, 141
22, 266
21, 133
6, 537
705
7,718
1,038
7,564
980
8,084
1,025
8,600
891
8,564
932
8,526
886
8,302
818
7,064
866
6,820
820
6,642
716
1,242 i
636
1,305 i
. 109 i
1,534
0)
(i)
8,496
955
8,499
916
930
926
1, 335
1,862
2,422
2,475
2,364
2,212
2,041
1,764
1,589
1,345
983
356, 818
237, 313
259, 470
289,666
272,885
344, 352
350, 731
300, 448
307, 685
350, 048
411, 507
278, 822
227, 522
.028
.032
.033
.028
.028
.029
.032
.033
.029
.029
.029
.029
100, 368
484 448
79, 790
173 846
192, 519
114 484
205, 989 ! 155, 446
173 838 i 214 079
146, 258
250 111
149, 087
197 640
188, 196
53 117
73, 180
91 212
98,415
683 137
49, 393
241 262
65, 794
165 562
58, 463
260 71^
483, 143
256, 031
291, 644
406, 345
516, 505
561, 680
537, 831
633, 593
626, 796
501, 240
383, 952
456, 679
718, 953
8,948
.052
.042
3,560
.052
.042
4,187
.051
.044
4,246
.051
.044
5,622
.051
.041
4,649
.052
.045
6,376
.055
.047
9,494
.055
.047
13, 369
.055
.047
20, 194
.055
.046
24, 453
.053
.045
21,461
;052
.043
.031 I
4,248
.051 !
.044
6,972
13, 203
9,981
13,596
15,294
14, 180
12, 366
11, 039
536
3,089
0
670
2, 528
53 280
18
30, 985
16, 478
10,879 '•
9 913
o
45,883
31, 164
68, 609
10, 228
73 211
16, 805
64 724
2 619
59* 952
20 663
4 911
2 435
6 343
53,045
30, 'W2
18 317
590
70, 545
18, 918
134 194
48, 267
21, 950
21 226
3 323
58, 694
22, 373
15 439
39, 925
22, 701
16 473
21 512
76, 934
25, 147
7,385
6,938
4, 696
6,758
4,493
4,389
5,419
6,471
9,193
7,426
7,942
7,668
5, 015
.215
.181
,.185
.185
. 193
.199
.215
.215
.215
.215
.215
.215
.215
Candy sales by manufacturers.-thous. of doL. 20, 475
Fish:
Landings, fresh fish, principal ports
thous. of Ib Salmon, canned, shipments.
cases. .
Stocks, total, cold storage, 15th of month
thous. of lb._ 64, 278
20, 516
19, 538
21,951 i 16,792
16, 884
12,945
10, 010
16, 433
24, 420
25, 106
24, 935
24, 596
16, 739
403, 556
18, 185
513, 130
24,782
37,906
449, 736 ! 229, 108
34, 848
203, 316
30 699
263, 883
33 392
496, 061
37 791
832, 225
33 240
941, 121
20 288
889, 651
26 966
367, 430
24 350
362, 326
44, 660
32, 712
18,481 j 15,883
20, 189
34,285
50, 582
62, 577
73, 648
77, 104
77, 151
73, 839
o
MISCELLANEOUS PRODUCTS
« Revised. Note major correction in data on imports of sugar from Cuba June-November 1934.
* New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May
1934 not available on imports of refined sugar from the Philippine Islands.
f For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports and exports, see p. 41 of the June 1933 issue,
For revisions of exports in 1933, see p. 20 of the September 1934 issue.
# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
i Data not available.
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
43
1934
Fe
arT
March
April
May
June
July
Novem- DecemAugust September October
ber
ber
FOODSTUFFS AND TOBACCO—Continued
TOBACCO
Leaf:
Exportsf —
thous. of lb__ 31,711
Imports, unmanufactured!?
thous. of lb._ 4,418
Production, crop estimate
.. thous. of lb_.
Stocks, total, including imported types
(quarterly)
_
mills, of Ib .
Flue-cured, fire-cured, and air-cured
mills, of Ib .
OigHr typ6S
mills, of Ib
Manufactured products:
Consumption (tax-paid withdrawals):
11, 337
Small cigarettes
millions
Large cigars
_ thousands -- 327, 578
Manufactured tobacco and snuff
thous. of Ib._ 30, 120
Exports, cigarettes
-thousands-- 332, 412
Prices, wholesale:
5,380
Cigarettes
dol. per 1,000..
Cigars-.___
-dol. per 1,000.. 46, 697
26, 997
4,218
28, 406
5,449
44,411
4,228
41, 342
4,775
31,380
4,548
29, 563
6,139
19, 013
5,209
25, 605
3,830
53, 097
5,989
64, 810
5,140
47, 534
4,521
28, 609
3,608
'1,095,662
2,435
2,214
0
2, 202
2, 223
1,957
1,736
a
1,749
a
372
1, 782
387
384
359
11,483
337, 292
9,168
299, 214
9,333
354, 165
9,294
345, 067
11, 174
380, 450
12,045
404, 456
11, 355
378, 056
11,810
425, 453
10, 294
394, 862
10 718
494, 456
9, 727
466, 164
9 210
317, 563
30, 846
283, 784
28, 351
188, 956
31, 478
246, 278
27, 260
344, 740
29, 056
336, 264
29, 420
252, 609
28, 691
225, 387
30, 948
310, 334
27, 234
260, 409
30, 506
280, 590
27, 769
282, 269
22, 709
288, 768
5.274
46. 616
5.380
46. 893
5.380
46. 839
5.380
46. 839
5.380
46. 839
5.380
46. 839
5.380
46. 839
5.380
46. 839
5.380
46. 839
5.380
46. 742
5,380
46. 697
5,380
46. 697
82
87
90
122
120
91
FUELS AND BYPRODUCTS
COAL
I
Anthracite:
j
Exports
thous. of long tons _
116
Prices:
1
Retail, composite, chestnut
i
dol. per short ton.- 13. 01
Wholesale, composite, chestnutt
i
dol. per short ton..' 11. 033
Production f _ .
thous. of short tons.. i p 5, 724
Shipments!
thous. of short tons.. 5, 071
Stocks in storage: •
i
Total
thous of short tons [ 1, 415
Stocks, in yards of dealers, end of month
no. of days' supply
Bituminous:
Consumption:
Coke plants
thous. of short tons
4, 199
Electric power plantsf_.thous. of short tons..; 2, 980
Railroads
thous of short tons
Vessels, bunker
_ thous. of long tons__
79
Exports
thous. of long tons. _
366
Price, retail composite, 38 cities
i
dol. per short ton..
8. 37
Prices, wholesale:
Composite, mine run... dol. per short ton.. 4. 180
Prepared sizes (composite)
dol. per short ton.. 4. 459
Production!
thous. of short tons _ p 35, 932
Stocks, consumers, end of month
thous. of short tons . 32,034
COKE
Exports
thous of long tons
32
Price, furnace, Connellsville
dol. per short ton__
3. 73
Production:
Beehivef
- thous. of short tons_.
88
Byoroductf
thous. of short tons
2,802
Petroleum.. thous. of short tons _
Slocks, end of month:
Byproduct plants
thous. of short tons.. 3, 129
Petroleum, refinery
thous. of short tons
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills) ...thous. of bbl..
Imports #
thous of bbl
Price, Kansas- Oklahoma
dol. per bbl__
Production f §
thous. of bbl _
Refinery operations
pet. of capacity.Stocks, end of month:
j
California:
Heavy crude and fuel oil§.thous. of bbl.J
Liffht crude §
thous. of bbl !
East of California, total f §. -.thous. of bbl._
Refineries t§
thous. of bbl Tank farms and pipe linest§thous. of bblWells completed f§
number..
Mexico:
Exports..
__
.
thous. of bbl
Production-..
thous. of bbl
Venezuela:
Exports
thous of bbl
Production
thous. of bbl .
96
a
99
88
71
125
89
13.25
13.27
13.27
12.94
12.34
12.40
12.60
12.83
13.05
13.11
13.04
13.02
9.912
6,125
5,189
9.881
5,952
5,198
9.878
6,418
5,356
9.459
4,837
4,173
9.084
5,250
4,491
9.216
4,184
3,495
9.451
3,443
2,974
9.598
3,584
3,110
9.760
3,977
3,401
9.815
4,729
4,027
9.833
4,181
3,601
9. 847
4 705
4, 214
725
316
308
690
1, 165
1,541
1,769
2,197
2,506
2 673
2, 540
1 991
29
19
17
44
59
61
65
79
80
54
60
3,832
2,871
5,180
4,578
2,821
5,759
4,306
2,391
4,837
4,757
2,652
4 804
4,459
2,801
4,553
3,529
2,944
4,543
3,376
3,006
4 735
3,241
2,740
4 801
3 481
2,911
5 089
3,438
<* 2, 696
4 855
1,108
1,036
1,033
3, 794
2,817
5,256
73
369
70
382
90
490
81
675
122
1,074
107
991
101
119
98
109
1, 059
120
949
36
0
3 637
2, 867
5 248
89
537
8.24
8.22
8.23
8.18
8.13
8.18
8.23
8.30
8.31
8.35
8.35
8.36
3.972
3.974
3.972
4.120
4.179
4.200
4.185
4.199
4.192
4.190
4.190
4.190
4.178
32, 916
4.210
31, 970
4.216
38, 497
4.233
24, 772
4.217
28,100
4.236
26, 424
4.343
25, 280
4.393
27,462
4.435
27, 670
4.449
32, 573
4.449
30, 450
4.460
31 386
27, 100
28, 371
27, 711
28, 490
29, 493
30,387
31, 441
33, 077
35, 810
36, 356
°34 476
39
55
45
25
52
66
105
127
114
92
83
4.--)
3.83
3.50
3.43
3.59
3.64
3.73
3.73
3.73
3.73
3.73
3.73
3.73
« 108
2,476
118
2,493
150
2,969
61
2,875
51
3, 192
51
2,990
51
2 381
44
2,280
55
2,175
76
2 317
94
2 267
101
110
129
113
2, 312
494
2,648
478
2,846
484
3,081
464
3,418
459
3,413
405
75, 991 « 73, 784
2 395
3 448
.940
.*940
72 463
76 776
67
69
« 76, 593
2 794
127
121
2,347
637
75, 456
1 699
.940
78,715
69
60,879
37,823
293, 226
55,892
237, 334
1,004
126
101
1,808
595
1,713
565
1,964
553
1,948
515
71, 512
3 Oil
.940
71, 976
66
66, 470
2 416
.940
65, 450
69
71, 807
2 272
.940
75, 548
67
73, 563
2 877
.940
75, 796
71
76, 258
3 442
!940
79, 870
70
86, 869
35 645
311,659
55, 458
256, 201
910
83, 812
35, 148
309, 864
55, 582
254, 282
810
81, 584
35 842
311, 576
56, 383
255, 193
930
78, 965
35 659
312,005
55, 482
256, 523
914
1,£79
3, 114
2,148
2,862
2,260
3,192
2,179
3,206
2 167
2,715
2,037
2,923
2,621
3,299
2 099
3,433
2,573
3,278
3, 394
3,333
9 844
10. 860
9 199
9.769
10 268
10. 900
9 962
11. 028
10 723
ll! 542
10 822
11. 203
10, 576
11.976
10 661
12! 233
10 586
12. 076
10 930
12. 241
10 319
11.732
74
104
2,047
504
96
76, 054 o 80, 065 * 79, 928
3 947
2, 561
2 621
!940
.940
.*940
80,040
81 548
79 058
72
73
72
a
73, 611
3 270
.'940
75 810
68
a
0
84
418
97
940
75 010
70
76,604
74,815
73, 834
69, 490
71,207
67, 133
63, 891
61, 861
35 507
36 672 a 37 209
35 467
35 881
36 279
37 290
37 529
313, 840 "315,
263
°312,
938
°305,
740
302,
636
°297,
068
"308,
138
«
292,
810
57,069 a 56, 738 a 55, 959 0 55, 432 0 56, 245 0 56, 339 a 55, 253 0 55, 019
256, 771 258, 525 256, 979 252, 706 249, 495 246, 297 241, 815
237, 791
1,047
1,234
1,032
1, 112
1,182
1,126
1,216
1 050
11 112
12.115
» Revised.
v Preliminary.
f Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933—data revised for 1933.
See p. 20 of the September 1934 issue; 1932 final revision of anthracite and bituminous coal production, p. 42, January 1934; anthracite shipments for 1932, p. 42, December
1933; consumption of bituminous coal by electric power plants, p. 42, May 1933; beehive and byproduct coke for 1932, p. 43 of December 1933 issue and for 1933 revisions
sea p. 43, July 1934. Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932. See footnote on p. 56, November 1933.
• See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
I Price converted to short-ton basis. Data prior to November 1931 not published.
• Dec. i estimate.
§ Data revised for 1933. See p. 20 of the January 1935 issue.
• Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports. The original figure for the end of August was
2,023,120 tons; revised for the month was. as shown, 2,197,411 tons.
SURVEY OF CURRENT BUSINESS
44
March 1935
1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
Februin the 1932 Annual Supplement to the Survey January January
ary
March
April
May
June
July
r i Nov
|Aagust|^^-|OctoberNo^-|Dec
r
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS— Con.
Refined products:
Gas and fuel oils:
Consumption:
Electric power plants!
thous. of bbL.
Railroads
. . -.thois. of bbL.
Vessels, bunkar
thous. of bhL.
Price, fuel oil, Oklahoma, 21-26 refin9ries
doi. per bbl..
Production:
Residua! fuel oil*!§
--thous. of bbL.
Gas oil and distillate fuels*! §
thous. of bbl..
Stocks:
Residual fuel oil, east of California* 1 !
thous. of bnl —
Gas oil and distillate fuels, «-otal*§
thous. of bbL_
Gasoline:
Consumption!!
-thous. of bbL.
Exports •
-thous. of bbl .
Exports, value. (See Foreign Trade.)
Price, wholesale:
Drums, delivered, N.Y
dol. per gal—
Refinery, Oklahoma
dol. pergaL.
Price, retail, service station, 50 cities
dol per gaL.
Production:
At natural gas plants!! thous. of bbL.
At refineries|§
thous, of bbL.
Retail distribution (41 States)!
mills, of guL.
Stocks, end of month:
^t natural gas plantsj
thous. of bbl .
At refineries!!
thous. of bbL.
Kerosene:
Consumption!!..
thous. of bbl..
Exports
- thous. of bbL.
Price, 150~° water white, refinery, Pa.
dol. per K i L .
Production!
thous. of bbL.
Stocks end of month!
thous. of bb! .
Lubricating oil:
Consumption!!
thous. of bbL.
Price, cylinder oil, refinery, Pa.
dol. per gal.Production§
thou^ of bbl Stocks, refinery, end of mo§ thous. of bbl ..
Other products:
Asphilt:
Imports^
. .thous. of short tons..
Production!!
thous. of short tons..
Stocks, refinery, en 3 of month
thous. of short tons..
Coke. (See Coke.)
Wax:
Production—
thous. of Ib..
Stocks, refinery, end of mo 5- thous. of lb__
895
2,477
910
3 166
2,646
875
2 890
2,399
812
3 250
2.782
i
l
1
1
I
755
3 118
2,457
.750
.690
.750
.738
.750
•?0 335
19, 847
18 l°>3
20 539
19 314
7, 696
7, 691
7,155
8,004
7,563
;
;
j
801
3 174 i
2,652
i
.750
832
3 234
2,530
20 297 >
20 136
7,761
8,042
7,051
866
3,242
2,412
.750
.725
0
20 824
914 l
3 216
2,633 j
2,350
. 725 i
. 725
.725
a 20 139 ' o 19 447
a 20 070
865
3 282
924
3 491
2,354
8,298
" 7, 904
" 24, 615 ; " 26. 768
8,723
« 800
« 894
' • 'i"''i
2, 434
3 21C-
2, 250
. 750
0
. 750
a
19 913
21 •"•OH
"8,014
"8,136
28, 081
" 2G, 579
j
25, 274
16, 134
IS, 021
» 24, 449
"2L957
37, 395 " 38, 941 ! " 34. 934
1 495
1 766 '
1 677
« 37, 535
1 £23
a
° 30.486
15,673
16,501
19.249
"21,659
10.658
11, 103 |
13,174
16.313
19, 603
38, 141 ! 35,296
29,416
25,018
30.528
32.735
1,797
1 772
2 215
2 436
. 138
.015
. 165
.018
. 16f)
.018
. 1J9
.112
.136
3, 280
35, 330
3. 024
33, 162
2.795
30,472
3,019
32,705
. 158
.014
852
788
910
992
979
41,852
1 022
41,783
37, 774
a
" 24, 848
11,011
12,56"*
28, 052
1 845
33, 224
" 27, 379
24,295
14,233
1 613
.136 1
. 139
. 141
.140
.139
.136
119
124
2,9:6 ! 2,907
31,097
35,191
2.858
31,850
2, 960
« 37, 078
3.031
3,046
3.238
3,212
" 37( 296
" 34, 488
« 36, 282
1 061
1 070
1 090
1 123
1 075
1 095
1 276
1 517
40,914 j 36,537
i 616
M.8S5
1 590
"33, 190
1 589
"30,421
[ 346
"28,949
4, 215
576
4, 154
716
657 1
.047
5,011
6 388
.018
4, 507
6 228
.045
.018 !
3,961
5 29'-)
4,57') '
1, 557
1, 410
. 110
7, 100
.208
2 19<<
7, 020
3
147
3
145
1
106
0 !
156
3 ;
205 ^
3 jo
304
331
37!
378 ,
3,651 1
3,222 |
1 118 i
618
. 155
.016
2,372
962
.017
.018
.155
.045
2.815
751
4, 54<
4,206
4 986 !
0*8
4.617
4 8°2
5 470
6 3.55
.046
" 4. c,20
"7 062
1,302
1,613
1,651
1,911 i
1,559
.220
1 865
-220 |
2 l,V> i
.220
2 3J2
7 , 1 2 0 ;:
6,837!
6,796
219 ;
2 577
6,773
i
j
.
. 155 '
.047 ;
«2,80i
:
976
. 155
.046
"3,571
789
.016
.017
. 155
.043
a
1 083
26, 340
r, 3, 956
957
i 4'>9
1 S33
.150
.018
4, 29'J
691
.
34, 96 1
.115
.015
i
978 i
4,218
1 780
22,927 '\
.165 '
. Ifil
.046 ,
.046
3,236
" 35, 591 : « 35, 330
1 023 >
(
'33
88° ! c 1 ??.ti
"25,201 ; "28,311
"4,451
625
l
;
» 4.761
~y7
.048 ,'
.046
"4,780 ;
« 4,777
a 7 199
a [> 3%
" 7 6"!
" 7 539
.049
0
4, 889
a 7 497
1,491
1.498
1,387
1,677
1, 495 ;
.208
2 211
.183
2 209
.146
2 145
6, 939
.126
° '•' 34 'i
6,782
. 160
*> 106
6,965
.134 ;
a 2 090 '
6,752
. 148
2 152 j
6,811 !
"6,869 |
" 7,331
i
250
3
278
3
318
320
1
263
267
1 !
215 !
0
153
382 :
358
359
339
315
292
307
o3S
33, 880
39, 480
123, 099
130, 222
"4,376 i ^ 4 , 2 6 2
1
i
o
° 1, 394
i
36, 900
141,252
46, 480
78, 934
39,, 200
83,791
43. 120 '
86,611 i
39,180
41,720
91,763 i 101,551
40.320
108 087
31, 160
11.5, 137
33, 880
119,702 ; 118,991
39,480 i
37.520
136. 130
LEATHER AND PRODUCTS
HIDES AND SKINS
j
18, 662
17,683 20, 709 22, 625 21, 235 22, 181
19, 907 12, 958
Imports, total hides and skins!#- thous. of lb_.| 16,879
10, 879 10,018 11, 095
1,914
1.856
1,221
2,259
2, 840
1, 580
808
658
1,900 j
Calf and kip skins..
thous. of Ib—! 1,289
919
806
5,184
7,265
9,577
8,268
4,571
5, 8C7
5,837
6,388
3, 763
Cattle hides
thous. of Ib—i 5,610
2,408
2,148
5,818
9,119
7,217
4, 355
6,140
7,598
5,607
3,202
3, 219
Goat skins
thous. of lb_.| 5,752
5,837
3,906
3,006
2,512
2,494
4,247
2, 554
3,315
3,457 : 3,124
2,930
Sheep and lamb skins
thous. of Ib—I 2,549
2,409
2,658
Livestock, inspected slaughter:
494
534
526 '
471
600
601
770
970
437
495
831
658
Calves
thous. of animals.512
1.188
932
864
1,912
1, 576
1,232
831
771 '
749
733
1,786
1,408
Cattle
thous. of animals..
977
4,
196
5,391
3,411
3,763
2,641
3,433
3,039
4,218
3,323
3,546
4,023
Hogs
thous. of animals.3,047
2,601
1,314
1,244
1,259
1,242 i 1,164
1,294
1,523
1,734
2,609
1, 368
1,407
1,159
Sheep
thous. of animals.1,345
Prices, wholesale:
Packers, heavy native steers, Chicago
.104
.098
.110
.101
dol. per Ib—
.120
.103
.108
.096
.099
Calfskins, no. 1 country, Chicago
:
. 114
dol. per lb_.
.121
.144
.121
.116
.106
.076
.092
.129
.137
.093
.110
.093
LEATHER
Exports:
i
294
753
252 I
282
186
186
451
136
205
363
Sole leather
thous. of Ib.J
281
425
4,918
5,043
6,144
5,457
4,336
6,684
3,850
6, 030
6,160 j 4,859
5,354
Upper leather! •
thous. of sq. ft—! 5,428
Production:
i
1,032
1,086
999
1,152
1,177
981
879
911
1,015
1, 079
Calf and kip*
thous. of skins..!
970
1,161
1,682
1,634
1,512 1,678
1,678
1,641
1, 662
1,700
1,744
1,681
1,470
"1,683
Cattle hides*!
thous. of hides..'
3,274
3,496
4,074
3,940
3,638 I 3,707
4,290
4,358 ; 3,949
3,637
3,290
3, 329
Goat and kid*
...thous. of skins—I
2, 707
2,773
3,062 «2, 871
3,300
2,655
2,409
3,690 j 3,791
2,302
2,580
3,558
Sheep and lamb*!
thous. of skins..
Prices, wholesale:
.29
.30
.30
.27
.32
.29
.27
.30
.27
Sole, oak, scoured backs (Boston) .dol. per lb_.
.30
.31
Uppar, composite, chrome, calf, black, "B"
.333
.343
.300
.352
.337
.296
.352 i
.347 i
.320
.297
.319
grade
—d.il. per sq. ft—
« Revised.
* New series. For earlier data i:ee p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas oil and distillate fuels, and p. 19 of the June 1933
issue, leather.
J i l l J WO^t
111! pOIlS CM bUleU lllUf-S U1IU feKiiJb £U1U t AjJUi lo UpJJti icatilcl i U I i y o ^ , }J. to,
JLU.lt; I f O ' ) .
# See footnote on p. 35 of this issue. Imports also revised for 1933. See p. 20 of the October 1934 issue.
• Data revised for 1933. See p. 20 of the September 1934 issue.
I0 Data revised for 1933. See p. 20 of the January 1935 issue.
New basis dne to reclassification of motor fuel stocks.
SURVEY OF CURRENT BUSINESS
March 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
45
1934
Fe u March
a£ ' 1
April
May
June
Novem- DecemAugust September
ber
ber October
July
LEATHER AND PRODUCTS—Continued
i
1
LEATHER— Continued
Stocks of cattle hides and leathers (all kinds)
end of month:
Total*
thous. of equiv. hides..|
In process and
finished*
\
thous. of equiv. hides .i
Raw*
thous of equiv hides i
!
j
i
i
i
i
|
14, 931
14, 867
14,685
14,515
14, 374
14,444
14,852
10, 457
4 474
10, 507
4 360
10,512 ! 10,455
4 173 1 4 060
10, 360
4 014
10, 291
4 153
10,321 1 10,120 ! 10,037 ! 10,253 !I " 10, 507
4 531 ! 5 096 i 6 020
6 498
" 6 789
LEATHER MANUFACTURES
j
Gloves and mittens:
!
Production (cut), total*
dozen pairs
Dress and semidress*,
dozen pairs J
Work*
dozen pairs
Shoes:
i
Exports
thous. of pairs i
40
41
40
Prices, wholesale:
;
Men's black calf blucher,
1
Boston -_
.
dol. per pair i
5 50
5.50
5.50
Men's black calf oxford, lace,
;
St. Louis .
dol. per pair '•
4 15
4. 15
4.15
Women's colored calf, Goodyear welt, ox- J;
ford, average
dol. per pair
4 00
4.00
4.00
Production, total
thous. of pa rs._ p 29, 766 « 26, 042 « 30, 533
Men's
thous. of pa rs
« 7, 103 « 7, 922
Boys' and youths'
thous. of pa rs
"1,344 "1,487
Women's
thous. of pa r s _ _ |
* 010, 755 • 12, 432
Misses' and children's
thous of pa rs '
122
2, 600 °3
Slippers, all types
thous. of pairs
1 , 424 a 2 3?9
All other footwear
thous. of pairs. J
* 2, 816 « 3, 240
15,216
16,057
16,751 | M 7. 296
1
100
5 50
4 15
4 00
« 35, 554
"8,673
1,503
« 14, 083
3 686
3 565
« 4. 044
[
\
'
187,068 226 267 ! 192,446 209,337 i' 1 196, 371
119,189 1 146,879 i 121,183 1 134,592 j«131,082
67, 879 ! 79, 388
71, 263 i 74, 745 > " 65 989
;
76
75
90
88 •
88
5.55
5. 50
5.50
5. 50 i
5. 50
4. 15
4.15
4. 15
4. 15 !
4. 15 i
4.00 i
4.00
4.00
4.00
4 00
i * 34, 425 " 34, 060 * 28, 544 " 28, 394 !! a 35, 624
"S, 616
i «8,427 •8,219 « 7, 587 "6, 734
1,452 | 1,757
1,479
1, 540
j 1,506
1 "13, 222 " 12, 870 « 9, 553 0 11, 844 ! « 15, 025
2,647 ;! a 3.157
3 185
i: 3 271
4, 240
4, 072
J 899 " 3, 333
» 3, 639
i " 4, 359 " 4, 173 « 3, 268 "2,383 ! "2. *lN
l
73
17, 893
10, 830
7 063
141,377
86, 735
54 642
72
77
49
5. 50 i
5. 50
5 50
5 50
4. 15
4. 15
4 15
4 1.5
4.00
1 " 28, 184
i «6,969
! 1,321
i « 10, 5H4
2.630
<• a 4, 279
1 »2,421
4.00
1 « 28, 709
! « 7, 634
i 1. 512
' " 8. 804
i 2. 771
' " 5. 212
' 2,775
!
;
;
i
•
i
'
'
4 00
4 00
23, 852 i « 23, 200
« 6, 939 i
6, 563
1,252
1. 194
" 6, 147
7, 746
a
2 293 '
2, 401
« 4, 827
2, 892
" 2, 3(.)4
2, 404
I
a
LUMBER AND MANUFACTURES
LUMBER
Exports (boards, planks, and scantlings)** -. ._
._ __
. M ft. b. m _ Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
M ft. b m
Stocks, end of month
_ M ft. b. m._
Retail yards, Tenth Fed. Res. Dist.:
Sales
-_
M ft. b, ID-Stocks, end of month.
_M ft. b. m._
Flooring
Maple, beech, and birch:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month
..
Oak:
Orders:
New
Unfilled, end of month
Production
Shipments _
Stocks, end of month
96, 969
70, 282
83, 453
109,919
60,991
53, 879
62, 452
115, 145
92, 933
104, 126
93, 860
1 06, 766
3, 403 « 3, 371
51, 168 "63.813
3,077
60, 533
2, 994
61, 827
4, 440
62, 857
6, 467
63, 800
6,658
62, 665
6,574
60, 754
8,657
64, 388
9,251
61, 864
10, 290
57,614
55, 191
4,019
53, 948
1, 735
25, 584
2,268
27, 665
1,792
27, 493
2, 059
28, 351
2,300
28, 052
2,268
27, 760
2.083
27, 734
1,290
13, 643
2,103
27, 259
2,278
26, 548
2,801
26, 221
2. 499
25, 929
1, 626
25, 399
4 122
4, 561
3 366
3* 302
21 059
3, 6?9
4,656
2 486
3, 665
19, 349
4, 763
5, 667
2 964
3, 665
18, 666
6,438
7,167
4 596
4, 643
18, 828
3 037
5, 598
4 226
4, 303
19, 195
4, 437
5,998
4, 480
4,512
19, 526
3,283
5,771
4, 103
3, 573
20, 828
4,092
5, 606
2 451
4.421
19, 059
4 072
5,148
3 326
4.279
18, 741
3, 165
4,700
3,529
3,386
19, 582
3.395
4,149
4 546
3.408
20, 832
° 905
3, 819
*>• 673
3 005
20 286
3,510
3 339
2 608
21 001
9 939
6,406
8 777
8,676
63 302
5 423
10, 245
6 900
5, 137
65 051
28, 238
29, 788
7,737
8, 112
65 285
682
17, 005
8,919
13,711
62, 532
5 800
12,415
10 360
9,476
63, 938
8,646
11,135
9,546
9,813
6, 521
9, 426
8,951
7, 965
63, 375
6,937
8,764
7,301
7, 713
64,251
8 061
8, 241
8 115
9,041
64, 168
8,212
8,242
8,579
9,003
63, 444
9,802
7,972
9 404
10, 095
62 793
8 26'2
6, 425
9 182
9 533
63 077
6 °46
5, 678
7 704
6 964
63 614
98
230
124
90
1,887
1,657
124
240
128
116
1,891
1,651
135
239
120
128
1, 862
1, 623
150
265
135
131
1,856
1,591
113
241
116
124
1,861
1,621
94
232
146
109
1,914
1, 682
98
228
116
94
1,940
1,712
105
229
101
101
1,959
1,730
94
223
105
94
1,961
1,737
101
229
98
105
1, 947
1,719
1 Oc>
92~
113
1 927
1, 700
194
261
86
109
1 932
1,671
46
411
365
46
414
368
48
425
377
48
424
376
44
427
383
41
442
401
39
447
408
36
450
414
37
452
415
36
445
409
38
441
403
49
432
383
85
584
499
88
588
500
90
582
492
110
578
468
95
580
485
95
606
511
91
623
523
96
634
538
93
638
545
99
641
541
97
639
542
106
648
549
15, 178
11, 162
16, 733
13, 354
19, 965
18, 086
17, 227
18, 204
14, 581
16,919
12, 890
13, 090
9,578
10, 607
7,129
13, 290
5,048
13, 075
5,188
14, 043
:J'9 622
30, 327
27, 599
10, 094
25, 492
13, 876
25, 380
20, 824
52, 956
25, 256
14,701
10, 422
1, 173
426
7, 190
3,252
60, 138
34, 513
38, 954
29, 363
35 959
19,715
40 728
26 156
45 3° 5
27 565
M ft. b. m 141,904
M ft. b. m _ _ 130, 085
119, 970
142, 352
119, 970
144, 143
145, 933
123, 103
141,457
152, 648
139, 666
179, 059
83, 710
153, 991
89, 530
225, 167
143, 695
131,161
127, 132
136, 980
125, 789
140,114
124 446
110, 121
12* 923
145, 038
M ft. b. m
M ft. b. m_.
M ft b m
M ft. b. m
. M ft. b. m .
M
M
M
M
M
ft
ft.
ft
ft.
ft
b
b.
b
b.
b
m
m__
m
m
rn
91,728
Hardwoods
Hardwoods (Southern and Appalachian districts) :
Total:
Orders:
New
mill ft b m
Unfilled, end of month
mill. ft. b. m
Production
mill ft. b in
Shipments - _
mill. ft. b. m _
Stocks, total, end of month mill. ft. b. m
Unsold stocks
mill. ft. b. m._
Gum:
Orders, unfilled, end of month
mill. ft. b. m..
Stocks, total, end of month mill. ft. b. m
Unsold stocks
mill. ft. b m
Oak:
Orders, unfilled, end of month
mill. ft. b. m._
Stocks, total, end of month mill. ft. b. m
Unsold stocks
mill ft b m
Northern hardwoods:
Production _. _
M ft. b. m
ShipmentsM ft. b. m._
Softwoods
Fir, Douglas:
Exports :§
Lumber*
Timber
Orders:
Newl
.
Unfilled, end of month
M ft. b m
M ft. b. m.
Q()
0
Revised.
" Preliminary.
* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. For earlier data on leather stocks,
see p. 19 of the January 1935 issue. New series on leather gloves and mittens cover 234 identical manufactures as reported to the U". /S, Department of Commerce, Bureau of
the Census. Data prior to July 1934 are not available. These data are not comparable with figures through January 1934 previously shown in the Survey.
§ Data, revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber.
Data for March, June, August, and November 1934 and January 1935 are for 5 weeks other months, 4 weeks.
Data revised for 1933. See p. 20 of the September 1934 issue.
I
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1982 Annual Supplement to the Survey January January'*^
March 1935
1934
March 1 April
May
June
Novem- DecemAugust September October
ber
ber
July
LUMBER AND MANUFACTURES—Continued
LUMBER— Continued
Softwoods— Continued
Fir, Douglas— Continued
Price, wholesale:
No. 1 common___ __ dol. per M ft. b. m__
19.00
18.56
19.00
16 00
Flooring, 1 x 4, "B " and better
dol. per M ft. b. m__
37.00
37.00
37.00
34. 00
Production^
_
M ft. b. m._ 110, 569 109,226 132,056 150, 857
Shipments^
.M ft. b. m 118 627 81, 472 111,912 131, 161
Hemlock, northern:
3,631
6,474
Production
__
M ft. b. m..
6,312
Shipments
M ft. b. m_.
6,464
7,699
6,297
Pine, northern:
c 53Q
Orders, new
_M ft. b. m__
5,224
6,905 j
6, 272
Production
M ft b. m
4, 928
2 357
1,578
Shipments
M ft. b. m
6,192
7, 612
5,535
4 CQO
Pine, southern:
Exports:
Lumber§
M ft. b. m _ 90 c7£> 20, 415 22, 655 26, 549
Timber§
.M ft. b. m_. 9 904
7,652
6,491
4,516
Orders:
New
.M ft. b. m._ 1f\a 170 102, 720 108, 336 133, 794
Unfilled, end of month
M ft. b. m__ 48, 530 76, 074 90, 425 ! 87,681
38.11
38.21 1 38. 16
Price,
flooring
dol per M ft. b. m _
Production ..
_
-M ft. b. m._ OQ ^48 106, 019 112, 141 124,469
Shipments
M ft. b. m
99, 193 117,391
88, 198
Redwood, California: t
Orders:
New
M ft. b. m__
13, 935
20, 278
26, 083
Unfilled
M ft b. m
26, 853
32, 222
27, 698
22, 901
Production
M ft. b. m .
19, 939
25, 184
20, 349
Shipments
.M ft. b. m._
18, 943
21, 755
FURNITURE
Household:
All districts:
39.0
Plant operations*
percent of normal-31.0
30.0
30.0
Grand Rapids district:
Orders:
3.0
4.0
8.0
Canceled
percent of new orders. _
7.0
1.6
10
New
no of days' production
6
8
Unfilled, end of month
1.3
no. of days' production..
10
9
9
Outstanding accounts, end of month
1.6
no. of days' sales..
18
18
18
31.0
Plant operations!
percent of normal. _
29.0
28.5
29.0
7
Shipments
no. of days' production..
6
7
8
Southeastern district:
Orders, unfilled, end of month
27, 627
dol , average per firm..
37, 518
34, 123
37, 943
Shipments
dol., average per firm..
61, 145
58, 196
I
Prices, wholesale:
68.4
Beds
1926=100..
76.1
76.1 i
76.1
90.1
90.1
90. 1
90. 1
Dining-room chairs, set of 6
1926=100..
87.5
87.5 1
Kitchen cabinets
1926=100
87.5
87.5
76.6
79.4
79.4 :
79.4
Living-room davenports
1926= 100. .
Steel furniture. (See Iron and Steel Section.)
i
l
19.00
18.00
18.00
18.00
37.00
152,648
136, 980
37.00
132, 056
106, 988
37.00
77,443
68, 042
37.00
69, 833
65, 804
6,588
7,631
5,658
8,734
10, 159
8,725
11, 550
6,157
7,861
10,046
5,920
10, 198
4 435
11 014
5,924
4 356
6,384
6,970
8,933
6,000
8,794
11 134
8,317
5,341
11 266
7,482
6,754
8 664
6 902
4 198
5 189
6 457
6 503
27, 735
3,725
23, 113
8,885
26, 604
6, 506
26, 502
9,557
26 698
7,764
22 129
10, 082
110, 348
97, 498
38. 28
116,615
108, 320
121, 028
82, 514
37.86
117, 665
122, 202
100, 863
76, 325
38.02
107, 606
115, 461
90, 796
77, 599
36 65
99, 222
96, 295
113, 561
64, 366
34 77
98, 961
113 913
99 840
58, 987
34 97
97, 928
103 908
19, 217
30 693
24, 482
20, 644
23, 300
33, 740
26,199
20, 147
17, 958
32 769
25, 880
19, 402
15, 834
29 534
20, 647
18, 156
19, 704
24 946
25 930
25, 444
30.0
30.0
32.0
35.0
39.0
42.0
41.0
42.0
39.0
9.5
5
8.0
7
7.0
7
5.0
9
5 0
5 0
6.5
10
6.0
10
13.5
9
7
7
9
9
9
8
9
18
27.0
16
27.0
16
19.0
15
22.0
16
24.0
17
25.0
18
25.0
16
34.0
8
10
8
7
18,911
46, 177
18, 934
44, 612
26, 360
30, 821
40, 317
46, 943
34, 759
63, 349
32, 674
60, 211
24, 284
64, 616
19,071
46, 721
22, 070
31,311
74.9
90.1
87.5
79.4
73.2
90.1
87. 6
79. 4
71.5
90.1
87.5
79.4
71.5
90.1
87.5
79.4
71.6
90.1
87.5
79.4
71.5
90.1
87.5
79.4
71.5
90.1
87.5
79.4
70.9
90.1
87.5
76.6
68.4
90.1
84.1
76. 6
6 j
7
6
5
7
18.00
16 00
16 00
16 00
16 CO
30.00 ! 34.00
144,143 i 140, 561
162 049 144 590
34.00
129, 370
113 703
34.00
122, 656
123 998
34. 00
103, 407
113 703
5 044
1 014
5 526
4 71^
7 7^
99 OCX
9 474
23 386
6 4"!
2-1 8^1
7 4^0
101 585
59i 678
35 03
°6 490
72 84°
49, 164
35 00
79 258
74 ro^
g
8
0 <)£.£.
m
eflft
62, 827
OA QQ
1 09 394
21, 168
1 930
25 449
23, 991
i no 71 K
90 494
9
r
9fi 34 \
1Q
7CK
COS
4 93"'
15 c*39
1 1 604
°1 24°
17 934
5
15
32.0
METALS AND MANUFACTURES
i
IKON AND STEEL
Foreign trade, iron and steel:
Exports§
long tons 262, 740 178, 023 151 184 261 269 201 539 241, 753 219 406 233, 186 242 947 301 330 220, 209 299, 263 282, 655
19, 708
Imports*^
long tons- 22, 784 22, 653 25, 407 38, 393 26, 862 29, 465 24, 858 17, 676 32, 418 23, 847 20, 202 35, 272
Price, iron and steel composite *
32.15
32.39
32.10
dol. per long ton- 32.58
31.15
32.32
32.15
32. 24
31.30
31.38
32.67 | 32.97
32.96
Sales, iron, steel, and heavy hardware
l
January 1921=100114
(
)
88
78
99
105
82
109
87
0)
0)
0)
0)
Ore
i
Iron ore:
Consumption by furnaces
1,298
1, 506
1,236
1,306
thous. of long tons.. 2,270
1,656
2,470
2,958
2,721
2,190
1,600
1,444
1,728
73
79
99
Imports^
. _ _ thous. of long tons..
64
86
89
202
196
154
128
79
188
Receipts:
Lake Erie ports and furnaces
421
0
1,761
0
2,343
0
0
e
0
thous. of long tons..
3,362
1,468
3,118
3,092
257
0
0
o
0
o
0
960
1,025
Other ports
thous of long tons
683
1,151
1,090
1 147
484
0
2,641
0
3,439
Shipments from mines. .thous. of long tons—
0
0
2,631
4,432
4,461
0
0
4,162
Stocks, total, end of month
34, 373
thous. of long tons. . 32, 027 a« 32, 922 31, 216 29, 041 26, 581 25, 598 27, 043 29, 961 32, 713 34, 914 36, 341 35, 874
29, 218
At furnaces .
thous. of long tons— 27, 004 27, 676 26, 040 24, 060 22, 010 21, 218 22, 700 25, 461 27, 858 29, 713 31, 056 30, 625
5,249
5, 155
5,285
4,571
Lake Erie docks.
thous. of long tons.. 5,023
5,246
4,981
4,380
5, 201
4,500
5,176
4,343
4,856
Manganese ore, imports (manganese content)*
11
7
13
13
5
thous. of long tons..
21
2
20
49
7
30
8
48
Iron, Crude and Semimanufactured
Castings, malleable: *
28, 530
36, 505
18, 785
32, 501
Orders, new
short tons
44, 568
19,511
36, 594
42, 961
38, 453
32, 639
24, 499
21, 862
21,306
32, 746
Production
__
short tons.. 43, 400 30, 417 33, 939 43, 438 40, 742 37, 165 28,340 23, 388 23, 910 21, 541 25, 317 28, 515
33.5
38.7
30.3
25
6
42 7 i
Percent of capacity
50.8
49 9
35 8
40 1
47 9
33 4
27 6
27 8
21,615
29, 593
21, 683
41, 182
26, 642
20, 360
Shipments
short tons
41, 530
31 412
39, 817
39, 493 i 31 607
27, 591
25 784
Pig iron:
Furnaces in blast, end of month:
37,615
Capacity . . .
long tons per day 54, 410 41, 085 46, 260 53, 720 63, 270 67, 300 48 190 35 585 31 295 28 215 31,310 29, 395
59 !
69
65
62
Number
89
89
96
89
75
62
87
110
117
i Temporarily discontinued.
* New series. Earlier data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for
castings, p. 20 of the April 1933 issue. New series on iron and steel composite price are shown on p. 19 of the January 1935 issue.
§ Data revised for 1932. For revisions, see p. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 1933;
see p. 20 of the September 1934 issue.
t Revised. Data prior to April 1933 not published.
j Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included.
• Imports from Cuba not included.
#
See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
H Data for March, June, August, and November 1934 and January 1935, are for 5 weeks; other months, 4 weeks.
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found January January Februin the 1932 Annual Supplement to the Survey
ary
47
1934
March
April
May
June
July
DecemOctober November
ber
August (
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Iron, Crude and SemimanufacturedContinued
Pig iron— Continued
Prices, wholesale:
Basic (valley furnace)..-dol. per long ton..
Composite pig iron
-dol. per long ton _
Foundry, no. 2, northern (Pitts.)
dol. per long ton._
Production
thous. of long tons..
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range: f
Orders:
New
. number of boilers
Unfilled, end of month, total
number of boilers ..
Delivery, 30 days or less
number of boilers _.
Delivery, more than 30 days
number of boilers __
Production
number of boilers Shipments _
number of boilers
Stocks, end of month. ..number of boilersBoilers, round:
Production
thous of Ib
Shipments
thous. of lb_.
Stocks, end of month
thous. of lb_.
Boilers, square:
Production
_
thous. of Ib
Shipments
thous. of lb_.
Stocks, end of month
thous. of lb__
Boiler fittings, cast iron:
Production
short tons
Shipments
..short tons..
Boiler fittings, malleable:
Production
_ short tons
Shipments
short tons..
Radiators:
Production
thous. of sq. ft. heating surface..
Shipments_thous. of sq. ft. heating surface-Stocks, end of month
thous. of sq. ft. heating surface-Radiators, convection type: *
New orders:
Heating elements only, without cabinets
or grilles
thous. of sq. ft. heating surface {-Heating elements, including cabinets and
grilles
thous. of sq. ft. heating surface $_Sanitary Ware
Bathroom accessories: f
Production
number of pieces
Shipments
number of pieces
Stocks, end of month
number of pieces
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars..
Porcelain enameled flatware:
Orders, new, total
dollars-Signs
dollars
Table tops
.dollars.Shipments, total
dollars. Signs
dollars..
Table tops
..dollars..
Porcelain plumbing fixtures:
Orders:
New, net
_ .number of pieces
Unfilled, end of month, .number of pieces..
Shipments
number of pieces
Stocks, end of month
number of pieces..
Vitreous-china plumbing fixtures:
Orders:
New, net
number of pieces
Unfilled, end of month number of pieces
Shipments
number of pieces
Stocks, end of month
number of pieces
18.00
18.94
17.00
17 94
17.00
17.94
17.00
17.94
17.26
18 36
18.00
18 94
18.00
18 94
18.00
18 94
18.00
18 94
18.00
18.94
18.00
18 94
18.00
18.94
18.00
18.94
20.39
1,477
19.39
1,215
19.39
1,264
19.39
1, 620
19.64
1,727
20.39
2,043
20.39
1,930
20.39
1 225
20.39
1,054
20.39
898
20.39
951
20.39
957
20.39
1,028
68, 104
45 788
88, 274
39 974
39 326
35 683
34 627
33 576
36 006
51, 734
64. 211
57, 566
44, 906
19, 357
20, 555
21, 725
14, 368
17, 013
11,338
11,818
9,738
9,993
12, 724
10, 195
9,740
16, 329
19, 357
16, 454
19, 002
12, 044
13, 101
8,688
9,150
7,844
8,695
11,878
9,492
9,355
16, 329
0
63, 879
64, 904
30, 643
4,101
43 466
38 640
38, 823
2,723
80, 668
87, 104
32, 387
2,324
49 100
46 301
35, 186
3,912
35 960
36 681
34, 465
2,650
41 021
41 358
34] 128
2,668
34 741
33 180
34, 902
1,894
33 255
33 746
33, 869
1,298
37 735
35 751
35, 853
846
45, 375
49, 003
32, 225
703
63, 434
86, 740
28, 919
385
59, 673
59, 439
29, 153
0
40, 337
37, 471
35, 446
3 233
2,666
32,826
4 890
2,823
35, 685
4 246
3,081
40, 012
4 913
2,827
40, 558
3 98°
2,544
42, 012
4 133
2,659
43, 585
3 342
2,361
44, 544
2 691
2,592
44, 739
4 195
4,571
44, 437
3,886
6,258
42, 035
5 762
10, 652
37, 136
4,391
5,330
36, 218
2,946
3, 626
32, 366
16, 457
10, 604
101, 340
9 980
8,300
96, 896
11 428
8,710
104, 263
15 255
8, 241
108, 077
11 965
8,287
111,800
15 014
8,332
118,411
15 4Q8
10, 029
123, 956
11 652
11,172
124, 414
15 554
17, 890
121, 973
15, 030
25, 208
111,740
18,833
34, 185
96, 329
19, 783
19, 353
96, 933
13, 099
13, 436
96, 554
4,690
4,750
6,362
4 237
3,572
4 178
3,184
3 667
3,564
3 557
3,604
3 495
3,586
3 333
3,523
3 914
4,651
4,225
4,655
6, 045
5,943
5,995
5,027
4,298
3,060
3,153
3,205
2 570
3,414
2,610
2,390
2 730
2, 094
2 450
2,175
2 856
2,570
2 436
2,445
2 282
2,180
2 174
2,484
2, 383
2,354
2,838
2,890
2,984
3,090
2,992
1,914
4,679
3,117
2,266
2,484
2,409
2,307
2, 923
2,182
2,663
2,682
3,969
2,630
3,964
3,197
3,483
3,136
4,282
5,336
4,011
6,262
4,680
9,282
5,208
6,456
3,632
4,482
26, 178
30, 295
30, 593
31, 365
31, 389
32, 775
33, 537
33, 867
32, 969
30, 885
26, 517
25, 473
24, 786
81
126
45
77
30
45
62
77
62
44
94
124
115
93
60
76
97
135
95
122
128
178
158
196
131
182
75, 310
64, 305
363, 755
169 894
174 069
357 249
147 407
136, 027
368 629
167 684
161 893
374 420
108 593
106 716
376 297
233 176
219 629
383 646
222 872
223' 461
383 557
156 270
150* 739
383 161
205 380
211* 005
375 376
349, 072
328, 010
376 512
143, 483
133, 574
371,499
206. 07
1,620
2,978
1,509
9,660
202, 354
267, 293
271,912
195, 289
370, 036 • 358, 472
204. 17
204.74
203. 50
217. 40
216. 88
218. 91
217.88
218. 16
211.26
207. 03
206. 89
206. 50
391, 358
165 402
62, 019
472, 676
238, 110
62,900
521, 796
155 005
106, 895
630, 096
204,817
99, 155
731, 321
197 691
105, 844
715, 665
231, 974
114,041
817, 818
286 555
119, 387
722, 258
215,673
117, 335
899, 506
343 340
112, 965
842, 156
302, 888
110, 862
736, 858
266 811
107, 398
826, 975
307, 511
116, 601
594, 146
226 883
110,079
738, 460
304, 752
106, 273
719, 146
306 463
145, 494
740, 802
332, 917
145, 001
636, 811
193, 716
220, 279
652, 158
232, 206
195, 541
713, 141
248, 598
178, 245
764, 436
269, 665
205, 059
563, 137
180, 523
133, 900
583, 567
199, 652
131, 993
525, 540
193, 535
111,188
530, 050
204, 527
106, 772
1 818
8,722
1,909
9,162
1,265
8,320
1,536
9,818
1 455
6,888
2 594
8,951
1 787
6,276
2 074
9,140
1 822
1 722
5,277 , 4, 852
2 354
1 769
10, 422
10, 981
1 785
4,390
1 954
10, 762
2 723
4,333
2 542
9,626
2,017
3,854
2,198
8,847
2,427
3,298
2,771
7,873
2,582
3,667
2,110
7,610
1,269
3,020
1,300
9,703
134, 088
111,083
128, 708
597 803
245, 098
158,326
197, 855
505 677
178, 239
176, 360
160, 205
464, 222
227, 462
274, 404
129, 418
464, 360
56 577
81, 334
55 416
643 054
79
89
70
660
106
878
688
658
60
75
74
683
045
198
725
797
93
80
88
700
688
450
436
419
116
87
109
693
523
095
878
986
127
103
111
677
557
400
252
830
110
97
115
658
209
710
899
788
126
105
118
636
652
703
659
872
Steel, Crude and Semimanufactured
Bars, steel, cold finished, shipments-short tons_. 31, 783 19, 409 25, 989 27, 838 28, 885 30, 809 29, 940 18, 130
Castings, steel: •
Orders, new, total
short tons..
26, 296
35, 698
63, 142
41, 822
60, 046
46, 831
41, 537
Railway specialties
short tons
5 852
15 471
32 818
16 812
10 408
22 407
26 758
Percent of capacity
__ .
22 8
29 9
16.8
38 3
40 3
26 5
26 7
Production, total
short tons
27 644
28 526
46 182
39 491
46 242
57 313
50 268
•
Railway specialties
..short tons.7,085
6,428
12, 174
18, 324
23, 309
18, 904
17, 661
Percent of capacity
17 6
25 2
29 5
32 1
29 5
18 2
36 6
Ingots, steel: §
Production
thous. of long tons
2 834 1
1 971
2 183
2 898
3 016
2 761
3 353
1 473
Percent of capacity
48 1!
' 33
41
46
53
56
53
27
* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment.
January 1932 not published.
$ In equivalent direct radiation.
f Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p.
§ Data for 1933 revised. See p. 47 of the August 1934 issue. For 1932 revisions, see p. 46 of the July 1933 issue.
* See footnote on p. 20 of the October 1934 issue.
17, 622
14, 304
18, 500
17, 923
24, 049
25, 538
5 697
16 3
43 748
17,741
27 9
20, 030
4,417
12.8
31 816
11,152
"20 0
24, 327
5,538
15.5
29, 142
9,309
18.6
21, 552
4,283
13.8
25, 799
7,218
16.5
27, 312
8,128
17.4
23, 916
5,142
15.3
a i 3(54
23
1 252
23
1,462
25
1,589
28
« 1,942
35
Figures on convection-type radiators prior to
20 of the July 1634 issue
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January ™™'
March 1935
1934
March
April
May
June
July
October Novem- DecemAugust September
ber
ber
METALS AND MANUFACTURES — Continued
IRON AND STEEL— Continued
Steel, Crude and SemimanufacturedContinued
Prices, wholesale:
.0244
.0253
.0231
.0231
.0240
.0253
.0231
.0244
Composite, finished steeldol. per lb__
. 0246
.0244
.0244
.0244
.0244
Steel billets, Bessemer, Pittsburgh
dol. per long ton_.
27.00
26.75
29.00
26.00
26.00
26.00
29. 00
27.40
27.00
27.00
27.00
27.00
27.00
Structural-steel beams, Pittsburgh
dol. per lb- .0180
.0185
.0170
.0181
.0170 .0170
.0170
.0185
.0180
.0180
.0180
.0180
.0180
12. 13
11.75
10.95
10.50
11.00
9.55
9.75
Steel scrap, Chicago
dol. per gross ton— 11.80
9.19
9.25
8.75
8.50
10.31
U. S. Steel Corporation:
21, 082
6,579
Earnings net
thous of dol—
3 769
3, 762
Shipments, finished products* ...long tons.. 534, 055 331,777 385,500 588, 209 643, 009 745, 063 985, 337 369, 938 378, 023 370, 306 343, 962 366, 119 418,630
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
number,. 1,171,996 527, 377 500, 355 726, 569 820, 884 865,012 935, 651 684, 403 605, 573 596, 694 460, 880 330, 593 452, 930
Production
number-- 390, 459 662,293 521,950 620, 439 589, 182 431, 567 612, 695 519, 444 316, 340 363, 885 524, 232 421, 003 373 850
30.0
30.1
42.8
48. 8
38. 6
46,0
43.6
36.7
22.3
26 4
Percent of capacity
29.6
25.5
36.7
Shipments
number-- 391, 232 660, 688 520, 987 628, 485 590, 337 426, 175 607, 692 528, 847 318, 678 368, 771 516, 684 419, 500 374, 924
30,241
39, 442
31,396
35, 633
41, 158
31,755
29, 461
Stocks end of month
number-- 26, 555 38, 479
24, 575
32, 123
33, 626
27, 328
Boilers, steel, new orders:
392
441
376
277
Area
thous ofsq. ft—
236
227
360
385
566
287
416
539
260
304
294
415
329
249
212
458
Quantity
number of boilers -_
380
597
696
447
626
331
Eurniture, steel:
Business group:
Orders:
1,184
1,020
972
1,039
866
1,059
1,023
1,115
870
New
thous. of dol—
813
993
1,026
1, 063
663
975
1,044
975
1,013
1,047
781
910
Unfilled, end of month
thous. of doL.
815
664
668
651
619
1, 139
934
1,011
997 ;
894
956
1,046
863
1,101
Shipments
thous. of dol—
998
1, 039
879
1,090
Shelving:
Orders:
321
222
396
343
273
260
274
253
New
thous. of doL.
206
258
258
209
219
192
272
301
276
272
246
200
191
172
Unfilled, end of month
thous. of dol..
154
196
164
120
245
288
215
279
395
346
354
231
226
261
224
Shipments
thous. of dol..
217
208
Safes:
Orders:
160
159
154
136
158
186
162
131
143
New
thous. of dol..
147
161
190
118
245
180
194
156 •
174
166
157
200
196
Unfilled, end of month
thous. of dol—
181
216
177
230
145
166
164
161
126
126
153
130
166
142
Shipments
thous. of dol—
126
172
130
277
190 ,
174
238
201
231
246
171
162
Lock washers, shipments
thous. of dol—
130
129
87
171
Plate, fabricated steel, new orders, total
short tons-- 18, 778
15, 897
14, 641
38, 924
20, 085
21.891
27, 395
12, 523
16, 293
15, 108
16, 581
16, 629
26, 025
1,389
3,754 - 2,476
2,202
8,746
2,998
11,019
2,028
3,334
Oil storage tanks
short tons.,
3, 252
927
3,445
5,185
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short tons— 321, 831 209, 483 184, 355 158, 244 272, 412 246, 315 114,855 72, 517 66, 064 77, 063 102, 920 133, 344
193, 130
Unfilled, end of month
. - short tons— 279, 012 166,182 206,292 159, 672 251,123 257, 845 74, 392 69, 472 64, 270 67, 062 77, 423 100, 745
158, 456
Production total
short tons.. 235, 714 163, 622 194, 830 220, 282 214, 522 256, 537 199, 438 85, 286 77, 197 76, 051 104, 898 143, 057
159, 740
74.0
66. 0
79.0
61.4
26.2
50. 4
60. 0
67.8
23.8
44.0
32.3
49.2
Percent of capacity
23.4
Shipments
short tons.. 205,915 130, 878 146, 905 200, 701 184,042 240, 730 301, 832 85, 442 77, 706 73, 260 95, 107 108, 880 141, 566
Stocks, end of month, total
short tons- 105, 182 106,310 117,230 114,934 135, 796 137,510 106, 950 110,400 109,282 99, 888 102, 264 107, 550
104, 720
Unsold stocks
- ..short tons.. 60, 177 54,922 ' 63,600 57, 722 53, 683 48, 714 56, 666 71, 362 71, 968 64, 398 63, 667 65, 400
64, 393
Tin and terneplate:*
166
85
101
164
160
80
150
115
Production
thous of long tons
83
93
90
85
2, 333
5,764
6,132
6, 184
5,226
5,364
2,811 3,310
4,446
2,153
2, 065
Track work, production
short tons—
2, 272
3,383
MACHINERY AND APPARATUS
Air-conditioning equipment:
1,153
629
631
1,094
1,160
881
1,097
1,147
Orders, new, total
-thous. of dol. .
1,397
1, 495
1,232
1,098
300
241
57
52
261
254
141
198
142
141
83
Air- washer group
thous. of dol—
118
490
307
282
353
518
500
541
518
477
547
Fan group.*.
thous. of dol—
427
423
363
265
297
329
406
Unit-heater °TOUP
thous of dol
318
335
529
812
767
687
534
Electric overhead cranes:
Orders:
393
89
84
38
52
319
123
167
194
New
thous. of dol—
136
139
59
129
905
522
260
216
479
518
477
563
689
Unfilled, end of month
thous. of dol..
651
670
592
659
80
80
99
78
Shipments
thous. of dol__
54
70
88
123
79
143
158
207
89
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
86.6
New
1922-24 = 100—
37.2
65.8
75.4
66.5
70.4
67.9
50.7
43.1
80.4
55.3
46.4
66.9
69.2
52.1
Unfilled end of month
1922-24 = 100
33. 8 !
56. 3
51.5
63.0
57.8
43.1
36.3
49.1
69.7
54.4
46.6
76.2
75.6
33. 4
42. 9
62.6
67.2
Shipments
1922-24 = 100..
55.5
64.3
48.7
51.5
59.6
37.0
81.1
Fuel equipment:
Oil burners:*
I
Orders:
3,234 2,941
5,015
7,479
8,003
New
no. of burners
5,445
7,840
11.921
17,754
15, 634
8, 558
4, 836
1,476
1,604
1,652
Unfilled, end of month no. of burners _
2,486
2,618
3, 715
1, 923
3,331
2,321
1,621
1,320
674
3,259 i 2,813
4,967
6,432
6,645
7,871
5,536
11,537
Shipments
no of burners
18, 454
8,859
17, 028
5,445
14,882
14,609
Stocks end of month
no of burners
13, 797
13, 627
14, 988
17, 823
18, 753
17, 635
11, 180
11,033
14,280
12, 136
Pulverized fuel equipment:
Orders, new, storage system:
2
0
0
0
0
0
0
0
Furnaces and kilns.— no. of pulverizers—
0
0
0
0
3
0
0
0
0
0
0
0
Water-tube boilers
no. of pulverizers—
0
0
0
0
0
Orders, new, unit system:
2
0
0
2
0
0
0
Fire-tube boilers
no. of pulverizers. .
0
3
0
3
0
2
0
1
4
1
4
2
Furnaces and kilns--.no. of pulverizers —
0
0
5
0
3
5
4
6
5
12
0
4
21
Water-tube boilers.. .no. of pulverizers ..
7
17
3
3
8
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:*
i
i
',
•
i
•
I
Number
i
i
Horsepower
.
* New series. For earlier data see p. 18 of the January 1934 issue, United States Steel Corporation shipments, p. 20 of the December 1932 issue, tin and terneplate, p. 19
of the January 1933 issue, stokers. Current oil-burner series available only back to January 1933 are based on reports from 149 concerns: see p. 48 of the May 1934 issue for
1933 data.
SURVEY OF CURRENT BUSINESS
March 1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
1935
January
49
January February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Machine tools :^
Orders:
65.5
46.5
52.4
50.9
45.9
New*
_. 1926=100..
53.7
48.1
35. 3
66. 1
34.7
41.4
36.2
43.9
Pumps:
Domestic, water, shipments:
21, 242
32, 734
26, 887
29, 848
18, 630
26,612
Pitcher, hand, and windmill
units. _
30, 620
34, 320
27, 851
34, 077
20, 217
23, 454
317
553
111
664
506
Power, horizontal type
units
450
639
715
891
821
517
635
Measuring and dispensing, shipments:
Gasoline:
290
692
563
661
849
685
Hand operated
_
units..
488
488
611
773
620
419
538
2,495
1,262
1,879
2,745
3,327
2, 306
Power
units-2,712
1,794
1,888
2,240
3,193
2,630
1,867
Oil, grease, and other:
6,069
5,942
5, 591
4,468
5,323
5,119
6,678
6,960
5,242
4, 490
Hand operated
units..
5, 526
5, 092
4,860
485
422
Power
__
units
411
621
404
613
608
579
766
488
614
339
614
Steam, power, and centrifugal:
Orders:
654
615
663
469
665
541
New
thous of dol
727
663
703
637
630
580
248
324
322
278
Water-softening apparatus, shipments! units
386
486
332
274
322
388
320
354
4,
955
4,144
6, 691
7, 501
Water systems, shipments}
units
4, 835
5, 275
4,895
6,331
4, 270
8,818
4,775
7,618
Woodworking machinery:
Orders:
5
4
9
1
4
Canceled
__thous. of dol..
6
2
8
3
222
243
292
256
244'
244
New
thous. of dol..
279
286
252
237
262
172
947
225
249
Unfilled, end of month.
thous. of dol..
277
303
263
250
297
228
233
312
241
Shipments:
114
152
172
114
136
143
199
199
Quantity
machines
123
127
199
148
214
292
244
342
227
213
247
236
Value - thous. of dol .
220
186
239
242
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
19, 211
14, 130
12, 5S7
Imports, bauxite#
long tons
14, 365
16, 685
16, 749
13, 936
13, 534
10, 576
13, 394
13, 249
12, 985
14, 463
Wholesale prices:
No, 1, virgin, 98-99 (N. Y.)
dol. per lb_.
.2290
.2095
.2095
.2095
. 2095
.2095
.2095
.2095
.2095
.2095
(2)
(-')
.1251
. 1049
Scrap, cast (N. Y.)
dol. per Ib
.0836
.1025
.1106
.0923
. 1097
.1069
.0981
.1003
. 0938
.0907
.0888
Babbitt metal:
1. 726
2,401
2, 164
2,426
Production, total..
thous. of lb_.
2,256
1,808
2,147
2,474
2,528
2,262
1,989
1, 856
1,653
398
408
541
444
For own use
thous of Ib
417
564
536
431
498
643
553
457
380
1,993
1,327
1, 364
1, 622
1,839
1,964
Sales
thous. of lb_.
1,890
1,716
1, 976
1,435
1,619
1,400
1,273
Copper:
22, 739
28, 675
29, 784
23. 648
Exports, refined §*
short tons
14, 459
24, 925
22, 306
19, 395
24, 210
30, 721
25, 324
24, 476
24, 279
18, 486
15, 152
16, 092
15, 247
22,817
Imports, total §#
short tons _ 15,110
5,785
25, 382
13, 724
23, 226
14, 780
12, 236
16, 565
17, 286
13,922
Ore and blister.
._
short tons. _ 13, 834
19, 131
24, 729
15, 700
13,418
15,011
23, 221
5,533
14, 724
10, 895
15, 048
.0878
. 0878
Price, electrolytic (N. Y.)
dol. per lb._
.0878
.0878
.0789
.0817
.0825
.0778
.0859
.0878
.0778
.0878
.0878
Lead:
Ore:
27, 644
25, 563
25. 218 023,211
Receipts in U.S. ore
short tons
25, 592
25, 729
22, 137
24, 005
21, 803
24, 375
22, 304
26, 713
26, 080
4,536
1, 792
1,183
4, 767
Shipments, Joplin district
short tons..
1, 524
3,390
1,404
2,933
5,082
3,901
3,597
1,518
2,238
Refined:
3,002
797
851
2,726
Imports#- . _ .
__
.short tons .
955
1,537
826
364
1. 928
1,662
1,719
2, 055
1,587
.0369
. 0357
Price, pig, desilverized (N. Y.).dol. per lb._
.0414
. 0365
. 0360
.0400
.0418
.0400
.0400
.0377
.0398
. 0375
.0369
29, 755
27, 176
32, 500
Production
_
_
short tons
34, 741
31,243
34, 818
28,723
31, 892
31, 379
29, 695
27, 354
22, 999
27, 070
31. 762
34, 680
35, 943
Shipments, reported
_ .short tons.. 34, 164
33,911
30, 673
29, 316
25, 778
30, 365
29, 479
28, 276
33, 606
36,018
231,993 207, 674 216, 224 221,465 222, 892 233, 245 238, 181 240, 595 234, 312 230, 219 229, 859 232, 934
235 457
Stocks end of month
short tons
Tin:
Consumption in manufacture of tin and
1. 290
1,400
1,440
2,480
2,570
terne plate*
long tons
1,320
1,570
2, 540
2.330
1,240
1,780
1,320
4 sr>
4, 600
4 530
2,925
Deliveries
long tons
3,310
4, 405
4,110
2,940
3, 835
3,845
3,575
3.850
4,045
4,023
1.47S
3,932
3,148
Imports, bars, blocks, etc.#
long tons
3,604
1, 944
3, 569
3,307
4, 242
3,231
4,900
2,826
Price, Straits (N. Y.)
dol. per lb_. .5087
. 5352
.5093
.5188
.5162
.5374
. 5560
.5122
.5192
. 5195
.5149
Stocks, end of month:
i:>. ou4
14, 694
World, visible supplv
__
long tons
13,698
17, 371
16,475
22, 476
17, 251
20, 423
17, 704
16, 313
21, 694
15, 494
15,386
4, 0-iS
2, 581
United States
long tons
5,089
4, 998
2 638
8,209
5,649
7,014
6,459
5, 094
6,461
4,968
4,243
Zinc:
Ore, Joplin district:
2/, u(>:{
26, 257
21, 203
Shipments
*
short tons
3K S27
20, 802
21, 600
25, 6S9
25, 300
34, 1>34
31,782
26, 487
11,820
27. 686
Stocks, end of month
short tors.. 15, 263
17,211
17, 337
20,571
19, 428
14, 778
16, 562
17, 922
17.000
21, 7b8
13, 368
16, 992
21,290
Price, slab, prime, western (St. Louis)
. 0373
. 0373
.0383
. 0^71
.0435
.0424
dol. per lb._
.0427
.0438
. 0437
.0432
.0437
.0428
. 0405
34. 977
:;r>, os,1^
30, 944
25, IfiO
34, 527
Production, total (primary) §
short tons- 35,614
30, 296
33, 077
33, 845
30, 686
24, 756
26, 169
26, 515
32.
94 1
Retorts in operation, end of mo
number-- 32, 658
26, 692
27, 193
31,
964
28, 744
30, 763
26, 952
31, 284
30, 324
30, 442
31, 352
2'I <*!"•»
32, 072
35, 589
30, 294
Shipments, total§
short tons__ 35, 538
26, 656
32, 485
32, 877
30,217
26, 966
21,663
21,913
31, 707
Domestic§
short tons.. 35. 538
32, 072
35, 589
30, 294
2'J, ^7")
26, 612
32, 485
32, 874
hi, 707
26, 966
21, 663
21,913
30, 109
Stocks, refinery, end of month §_ .short tons.. 119,906 111,981 109, 792 110,760 109, 374 304, 729
99, 672
11 1*. 830
97, 462 101, 968 106, 570 110,803 m. S:,LElectrical Equipment
Conduit, nonmetallic, shipments thous. of ft
1, 142
1,606
1,111
1,488
1,097
1,981
i,sn 1,426 1,575 1,609 1, 692 1 SI i
Delinquent accounts, electrical trade. (See
Domestic trade.)
o, I'M
984
1,519
Furnaces, electric, new orders
kilowatts
.. _-.
1,422
1,462
1,090
1,147
4M
479
1, .163
1,415
1, 150
Electrical goods, new ordersf (quarterly)
i IS, 397
92, 302
100, 334
thous. of dol * 128, 034
Laminated phenolic products, shipments
fiM.f.IO
dollars..; 698,402 601, 395 566, 490 844, 449 780, 160 760, 788 804, 870 667, 198 695, 382 561, 273 585, 565 52s, ( 25
Mica, manufactured:
^
('.4
103
62
Orders, unfilled,, end of month_thous of doL.
108
142
78 j
63
67
112
57
46
78
.'3
lit,
106
Shipments
_. .thous. of dol..
163
84
114
121
111
147
134
99
158
106
99
Motors (direct current):
Billings (shipments).
dollars
220, 776 309, 232 274, 937 287,031 ! 280,771 335. 307 260, 355 297, 734 209, 308
Orders, new
dollars
235, 394 215, 558 337, 280 245,784 ! 321,483 366,613 207, 654 243, 700 242, 528
Panel boards and cabinets, shipments
233
257
204
152
192
197 I
225
207
thous. of dol
148
211
328
a
Revised.
* New series; for earlier data, see p 20 of the December 1932 issue for tin and terne plate; p. 20 of the July 1934 issue for machine tools (including forging equipment),
t Revised series; for earlier data on new orders for electrical goods see p. 19 of the August 1933 issue.
t Present series on water systems now cover 49 companies. Data revised beginning January 1933. See p. 49 of the December 1934 issue.
• Data on exports revised for 1933: see p. 20 of the September 1934 issue.
1 Series covering shipments and unfilled orders temporarily discontinued
§ Data for 1932 revised; for revisions see p. 48 of the June 1933 issue, exports of refined and total imports of copper. For 1933 revisions on zinc, see p. 49 of the January
1934 issue; for 1934 revisions see p. 49 of the February 1935 issue.
#2 See footnote on p. 35 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue.
Discontinued.
<>>
^
50
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
March 1935
1934
February
March 1 April
i
May
June
July
DecemAugust SeptemOctober November
ber
ber
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Electrical Equipment—Continued
Porcelain, electrical, shipments:
Special
dollarsStandard
_
-dollars-Power cables, shipments
thous. of ftPower switching equipment, new orders:
Indoor
dollars
Outdoor . . .
. ._
dollars.Radiators, convection type. (See Iron and
steel.)
Reflectors, industrial, sales
units—
Vacuum cleaners, shipments:
Floor cleaners..
number..
Hand-type cleaners*
number
Vulcanized fiber:
Consumption
thous. of lb_.
Shipments
thous. of dol—
Welding sets, new orders:
Multiple operator
units—
Single operator
units
Miscellaneous Products
Brass and bronze (ingots) : •
Shipments and deliveries
net tons
Brass, plumbing:
Shipments*
number of pieces
Brass sheets, wholesale price, milL.dol. per lbCopper, wire cloth:
Orders:
Make and hold-over, end of month
thous. of sq. ft..
New
thous. of sq. ft—
Unfilled, end of month
thous. of sq. ft—
Production
thous. of sq. ft—
Shipments
thous. of sq. ft—
Stocks, end of month
thous. of sq. ft—
Fire-extinguishing equipment. (See automobiles.)
30, 426
20,643
177
28,568
17,244
180
43, 433
22,403
390
40,374
27, 666
321
42, 307
22,169
312
51, 359
21, 539
363
53,623
22,383
337
49, 371
24,691
470
39, 351
23,599
220
56, 099
27, 263
277
49, 073
27, 585
223
45, 189
20,723
380
32,289
38,002
33,122
43, 075
33,903
92,297
35, 476
86,788
33,283
115, 806
27, 611
90,477
22, 920
125, 838
45,045
107, 437
36, 728
113, 002
35, 322
96, 646
37, 442
91,908
27, 855
72, 974
49, 978
45,604
48,456
52,453
57,641
46,681
44, 666
50,746
48, 256
56, 021
53, 255
48, 678
45,006
14, 802
54,000
11,908
78, 475
23, 461
65, 526
18, 759
65, 213
21,738
50, 348
20, 014
40,065
12, 025
50, 211
18,097
63, 936
21, 758
67, 414
20, 384
68, 866
21, 838
71, 307
23 920
1,381
434
1.741
313
1,464
294
1,908
387
1,767
357
1,912
432
1,833
451
1,839
316
1,552
329
1,333
270
1,306
315
1,053
267
990
270
1
347
4
219
4
252
2
335
9
332
1
395
1
333
2
292
1
241
7
223
2
371
5
273
3
368
4,063
4,322
5,291
5,223
5,143
4,941
4,317
3,757
3,260
4,106
3 919
3,688
.143
552, 353
.138
660, 820
.138
799, 592
,138
704, 816
.140
788, 911
.143
740,222
.144
693, 979
.145
707, 156
.145
708, 694
.145
960, 463
.145
849, 415
.144
758, 548
.143
33
404
411
393
435
694
80
368
459
356
312
714
76
307
451
324
311
714
63
691
798
430
384
748
56
314
745
418
378
788
51
279
622
350
325
814
48
238
461
343
401
725
49
282
423
281
300
718
50
369
393
382
380
696
47
292
407
331
273
747
41
417
441
357
371
735
42
337
428
333
326
742
42
329
479
317
281
743
47, 771
34, 649
320
61, 344
PAPER AND PRINTING
WOOD PULP
Chemical:
Consumption and shipments, total :f
short tons
Soda _
short tons
Sulphite, total.
short tons .
Bleached
short tons
Unbleached
short tons
— .
Sulphate
short tons _
139, 263
Importsf#
short tons
179, 303 139, 835 144 133 109 405
77, 150 125, 486 136, 947 150 031 142, 864 139 512 165, 936 146, 060
Price, wholesale, sulphite, unbleached
2.10
2. 10
2.10
2.10
dol. per 100 lb__
2.10
2.10
2.10
2.10
2.10
2.10
2.10
2.10
2.10
Production, totalf
.
short tons
Soda
short tons
Sulphite, total _
short tons
Bleached
short tons
Unbleached
short tons
Sulphate
short tons
Mechanical (ground wood) :f
. _Consumption and shipments
short tons
17, 95A
18. 707
Imports#
short tons— 16, 977
14, 713
9,239 14, 243 17, 555 11, 051 21, 037 17, 272 19, 319 16, 880
11, 408
Production
short tons
PAPER §
Total paper:
Production f
short tons
Shipments!
short tons _
Book paper:
Orders, new:
59
67
63
Coated
percent of normal production
51
57
67
61
Uncoated percent of normal production
59
54
64
61
63
Orders, unfilled:
5
6
6
5
5
6
Coated
.number of days' production
5
5
5
5
4
4
Uncoated
number of days' production
Production! _ . . ... short tons
Percent of capacity
_
Shipments!
short tons
Newsprint:
Canada:
184, 243 187, 821 131, 919 239, 443 157, 031 222, 071 202, 177 212, 845 183, 930 190, 794 204, 904 221, 553
245, 13«5
Exports
short tons
Production
..short tons— 201, 959 "188, 225 174, 447 211,819 216, 510 242, 490 229, 637 208, 238 216, 164 196, 172 235, 021 240, 869 239, 544
Shipments from mills
...short tons— 180, 026 "184,231 169, 054 207, 906 220, 769 236, 764 225, 449 199, 926 209, 938 195, 320 228, 921 262, 206 254, 657
30, 366
Stocks, at mills, end of month. short tons.. 51, 932 "34,803 40, 445 42, 973 37,247 42, 459 46, 782 55,099 61, 359 61,903 67, 994 46, 488
United States:
165, 496
Consumption by publishers short tons— 157,870 140, 955 153, 958 156, 721 160, 815 193,088 154, 175 150,500 145, 095 151,900 168, 372 172, 287
Imports?
short tons.. 160, 973 168, 752 124, 584 168, 839 196, 490 204, 036 200,004 197, 227 171, 390 159, 944 201, 146 194, 392 222, 897
Price, rolls, contract, destination, N. Y.
40.00
40.00
40. 00
42.00
base
.. dol. per short ton
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
40.00
79, 777
Production, total..
short tons- 80, 666 a« 83, 181 71, 544 84, 966 80, 505 89, 726 82, 260 74, 017 79, 971 74, 120 80, 562 74, 851
86, 363
Shipments from mills ..
short tons
75, 701 82, 720 <58, 127 88 078 83, 196 89, 957 78, 480 68,047 89, 984 69, 728 81, 229 79, 129
Stocks, end of month:
a
12, 428
18, 425
24, 080 30, 174
20, 601 23, 702 22, 596
At mills
short tons
24, 585 22, 060
18 630 22, 335 20, 337
At publishers
.. short tons 261, 282 208, 895 192, 808 192, 335 202, 467 216, 061 241, 136 253, 489 270, 690 241, 893 236, 734 244, 388 277, 125
46, 237
In transit to publishers
short tons.. 38, 622 34, 737 38,345 45, 749 43, 432 46, 200 28, 915 28,202 27, 670 42,818 33, 717 35, 391
• Revised.
* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. Data prior to October 1931 not published on brass plumbing fixtures.
t Revised series. For earlier data see pp. 18,19, and 20 of the November 1933 issue for chemical, mechanical wood pulp, and total paper; p. 49 of the June 1933 issue for
1932 for chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper.
# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
> • Beginning with January 1934figureshave been compiled by the Code Authority of the Ingot Brass and Bronze Industry. The figures are more complete than those on
deliveries
shown. Shipments of the concerns formerly reporting contribute about 80-85 percent of the total for the present series.
§ The previously
Code Authority for the Paper Industry is expected to shortly resume publication of some of these paper figures.
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
Februin the 1932 Annual Supplement to the Survey January January
ary
51
1934
March
April
May
June
July
August
Se
£e®m~ October
No v e m D
«£m'
b er -
PAPER AND PRINTING— Continued
PAPEE— Continued
Paper board:*
Production
short tons
Shipments
short tons _
Paper 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 f
short tons
Percent of capacity
.
.
Shipments!
short tonsWrapping paper:
Production!
short tons
Percent of capacity
Shipments!
short tons..
All other grades:
Production!
short tons
Shipments!
short tons
PAPEE PEODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams. _
Foreign
... reams _
Paper board shipping boxes:
Production, total
__mills. of sq. ft_.
Corrugated*
mills, of sq. ft_.
Solid
fiber*
mills, of sq. ft_.
FEINTING
Blank forms, new orders
thous. of sets..
Book publication, total. .. number of editions..
New books
number of editions
New editions
__ _ number of editions
Operations (productive capacity) 1923 ~~ 100
Sales books:
Orders, new
thous of books
Shipments
thous. of books..
173, 251
180, 715
229, 718
197, 368
175, 852
207, 140
224, 549
208,065
200,164
230, 695
196, 461
218, 169
63, 328
230,311
57.3
187, 557
77, 825
234,318
75, 143
223, 366
63.5
192 685
75, 687
264, 985
86, 033
254, 819
63.4
221, 114
84, 326
230, 754
76, 578
244, 334
66.1
213 956
82, 190
225, 957
80, 958
223, 478
55.4
197, 543
74, 670
214, 236
72, 990
224, 214
57.1
190, 896
70, 659
200, 278
73, 256
201, 924
52.6
179 264
69, 119
246, 187
71, 523
246, 266
58.7
223, 686
70,064
228, 804
72, 930
233, 426
61.4
198, 729
71, 478
255, 744
68, 756
263, 679
63.9
226, 740
73, 325
218, 980
62, 352
227, 733
57.8
193, 372
72, 592
178, 284
197, 371
205, 891
215, 479
227,708
221, 667
230, 129
232, 650
241, 445
230, 921
226, 673
27, 779
37,065
31, 346
28,493
27,707
15, 970
27,726
24, 877
26 618
33,005
27, 764
41,311
9,450
46, 235
10, 947
56, 811
15, 322
57, 097
7,312
58,121
11,854
54, 185
8,030
46,050
8,100
48,528
8,216
48, 986
6,990
52, 392
5,998
46, 635
8,121
41, 536
5,220
1,437
1, 263
175
1,459
1,282
177
1, 827
1,603
225
1,650
1,447
204
1,693
1,492
201
1,640
1,438
202
1,576
1,371
205
1,779
1,545
234
1,757
1,521
236
1,943
1, 696
247
1,634
1,442
193
1,492
1, 323
169
83, 930
518
456
62, 642
470
393
60, 789
630
539
70, 209
585
491
72, 167
542
457
92, 182
698
564
63, 133
485
386
69, 937
552
457
76, 895
852
712
82, 103
771
653
83, 118
727
612
76, 239
1,080
847
91
74
72,204
806
677
129
077
11 130
11,818
9,430
11,219
9 733
9,932
12, 135
10, 953
9,782
10, 655
58, 287
6,804
62
77
72
94
75
RUBBER AND RUBBER
85
77
11, 650
11, 395
134
71
11, 127
11, 470
99
71
95
70
140
78
11, 422
11, 357
11, 129
13, 010
11, 799
10, 793
118
78
115
80
14, 605
12, 924
11,564
11.399
201, 121
65, 723
199 940
233
81
11 233
11,590
PRODUCTS
CEUDE AND SCEAP RUBBER
Crude:
Consumption, total...
„ long tons
32, 996
42.864 35, 159 36, 548 43,329 40, 902 39, 571 36, 620 30, 035 30, 312 27, 317 28, 526 31,358
For tiresj!
long tons
28,304
25, 137
31, 219 30, 195 27, 611 22, 033 22,509 19, 864 20, 489 23, 467
26, 767
33, 766
Imports, total, including latex !#._long tons.. 40, 523 49, 088 35, 220 42, 253 45, 175 49, 901 48, 748 42, 674 32,700 32, 010 29, 240 37, 212
18, 171
Price, wholesale, smoked sheets, N. Y.
.154
.155
.139
.130 a .129
.133
.134
.104
dol. per lb_.
.126
.146
.136
.093
.109
99, 000
Shipments, world
long tons
84, 000 115,000 70,000 70, 000 74, 000 88, 000 68, 000 76, 000
75, 000
85, 000
83, 000
82, 000
Stocks, world, end of month!
long tons-- 674, 000 643, 355 652, 690 653, 000 647, 993 659, 865 660, 699 672, 312 663,761 668, 814 669, 557 672, 852 676, 000
Afloat, total
long tons
98, 373 92, 766 86, 408 88, 169 87, 809 88, 281 104, 555
92, 583
92, 210 103, 329 105, 403 108, 314 112, 401
59, 555
For United States .
long tons
52, 583
70, 314 72, 401 58, 373 57, 336 50, 348 48, 539 47, 809 48, 281
66, 329
68, 403
57, 210
London and Liverpool
long tons
148, 337
94, 337
96, 134 96, 214 99, 733 105, 989 105, 290 113,052 121, 020 127. 888 134,927
90, 320
92, 519
British Malaya
long tons
90, 000
98, 471
92,210
96, 499
97, 146 96, 971 102, 045 106, 448 107, 607 103,485 101, 349 96, 556
88, 215
United States!
long tons 335, 000 372, 610 364, 632 355, 254 351, 759 354, 909 360, 548 367, 109 364, 456 364, 108 359, 379 358, 000 341, 224
Reclaimed rubber:
5,132
7,097
6,492
Consumption
long tons
7,980
7,066
7, 034
7,006
7,697
7,615
9,583
6,423
8,328
5, 600
6,974
8,160
8,143
7, 268
Production
long tons
8,934
9,446
7, 353
10, 185 10, 848 10, 820
10, 465
10, 790
9,238
Stocks, end of month __ _.
long tons
18, 740
17, 743
18, 333
18, 508 19, 454 19, 641 22, 035 20, 649 20, 319 21,079 20, 015
16, 770
17, 227
Scrap rubber:
Consumption by reclaimers
long tons
32, 731
36, 875
TIEES AND TUBES J
Pneumatic casings:
3,241
3,252
4,212
3,427
3,188
« 3, 665
4,627
4,323
2, 848
Production.
thousands
4, 205
5,025
3,804
5,172
4,179
3,095
4,305
2,919
«3,015
Shipments, total
thousands.4,033
4,096
5,071
3,126
3,087
3, 186
2,834
« 2,921
3,026
4,212
3,954
4,091
5,049
4,956
2,993
Domestic
...thousands-3,106
3,966
3,043
8,436
8,397
"9,171
Stocks, end of month.
thousands
11,621 10, 793
9,154
8. 516
9,913
8, 166
11,301
9,394
10, 403
Solid and cushion tires:
a \fy
18
17
21
16
12
16
19
18
15
Production
thousands
15
14
17
14
16
15
« 15
18
18
13
Shipments, total
thousands
13
15
19
14
14
» 14
15
13
17
16
12
14
13
17
19
Domestic
thousands
13
34
35
33
35
Stocks, end of month.
thousands
33
29
30
28
30
31
28
30
fnner tubes:
3,074
3,123
« 3, 398
3,570
3,974
3,425
3,017
Production
thousands-4,228
3,956
5,039
4,593
3,445
2,684
« 2, 765
4,072
2, 934
2.609
4,212
4,755
4,193
Shipments, total
_
thousands
5,150
3,224
3,995
3,103
2,543
2, 630
« 2. 689
4,003
2,871
4,141
4,663
5,058
4,133
Domestic
thousands. .
3,164
3,906
3,045
7,410
7,907
8,247
« 8, 904
7,812
7,328
9,741
8,532
Stocks, end of month..
thousands
8,892
10, 267
9,937
8,151
Raw material consumed:
Crude rubber. (See Crude rubber.)
15, 627
18, 785 17, 716 13, 267 13, 724 12, 942 13, 169 15, 382
Fabrics
thous. of lb__
19, 371
18, 721
20, 927
16, 437
« Revised.
isions,
p.
50
of
the
June
1933
r
1932
rev
! Revised series. For earlier data see pp. 19
and 20 of the Dece mber 1933 issue for writing, v, rapping, and other grades of paper; fo
Issue for crude rubber imports; and for 1932 rev isions, p. 50 of the May 1933 issue for world ami United States sto cks. Dat a on cons umption ()f rubber for tires r svised for
1932, 1933, and 1934. For revisions see p. 51 of t he Augus 1 1934 issuie.
§ The Bureau of the Census has changed the title of th e "Boxbcmrd" rep ort to " Piiper boarc1" since d ata actua lly cover iill board of .012 of an inch or more in thickness
inents and finished stocks are for 78 manufacturers and consumption and stocks of waste paper for 82 manufacturers.
t Data for 1934 are estimated to represent approximately 97 percent of the industry; data are estimated to cover 79 percent of the industry for 1929-33, inclusive, and
75 to 80 percent prior to 1929.
# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
Co
estimated
were compiled by the Paper Board Industries Association.
52
SURVEY OF CURRENT BUSINESS
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
19
^5
Monthly statistics through December 1931,
March 1935
!
JTa n u a r
y January
F
^U"
March
April !
June
May
j
!
July
I
i August I
ke
i
EJlm~ i October
°^ 3rem- ; Decemher
RUBBER AND RUBBER PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Rubber bands, shipments
-.thous. of lb._
Kubber 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 pairsStocks, 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
303
220
262
342
293
238
220
237
231
330
209
1 74
13,811
21, 777
15, 246
20, 062
19, 963
11,364
15,615
13, 795
20, 930
21,610
24, 336
27, 149
15, 127
23,016
24, 186
22, 651
47, 497
31, 274
38, 625
38, 484
22.756
25, 868
17,059
24, 596
2,488
257
939
310
3,194
301
1,429
424
3,575
434
1,527
489
3,877
575
1,670
437
3,908
594
1,778
540
3,156
478
1,320
449
3,332
526
1,269
372
4,291
570
1,827
413
4,742
568
2,405
339
5, 279
804
2,813
386
3,419
405
1 , 552
440
3,334
744
884
411
6,247
3,584
2,663
7,231
4,133
3,098
7,207
4,129
3,078
15, 583
7,742
7,841
5,430
3,580
1,850
4,585
3,241
1,345
4,555
3,220
1,335
16, 394
8,165
8,229
6,467
4,186
2,281
6,845
5, 419
1,426
6,796
5,378
1,418
16,016
6,932
9, 084
4,843
2,451
2,392
2,749
1,868
881
2,673
1,798
875
17, 774
7.378
10, 395
4,919
1,819
3,100
2,927
2,084
843
2,874
2, 036
838
20, 080
7,259
12, 821
4,478
1,566
2,912
3,613
1,980
1,633
3,561
1,933
1,629
20, 945
6,846
14, 099
3,587
843
2,744
4,611
1,174
3,436
4,594
1, 170
3.425
19, 935
6,515
13,419
5,161
1,011
4,150
6,529
1,543
4.986
6,448
1,467
4,982
18, 567
5,983
12, 584
3,918
877
3,041
6,498
911
5,587
6,436
857
5,579
15, 858
5,821
10, 037
5,078
1,201
3,877
5.525
790
4, 735
5,486
758
4,727
15, 248
6, 085
9, 163
4,992
1.165
3,827
4,727
575
4,152
4,653
528
4,125
15,513
6,675
8.838
14, 826
13, 463
432
2,833
10, 198
42, 587
16, 293
20, 544
175
9,273
11.096
38, 986
19, 903
19, 294
347
6,605
12, 199
39, 592
17, 802
16, 991
328
4,673
11,991
39, 961
19, 603
20, 120
137
6,928
13, 055
39, 763
19,412
20,513
426
3,946
16, 142
38, 446
15, 903
15, 656
346
4,485
10. 825
38, 997
18, 605
15, 493
339
4,936
10,218
42, 140
13,911
13,219
219
4,079
8,921
42, 652
14, 437
16, 889
377
5, 238
11,273
40, 016
13,922
15,746
326
4. 175
11,244
38,040
5, 499
5,594
5
388
5,201
5,090
5, 711
5,804
1
617
5,186
5,010
5,726
5,770
3
532
5,235
4,838
5,018
4,739
5
275
4,459
4,989
5,040
4,881
1
493
4,387
5,360
4,772
5,050
10
241
4, 799
4,955
3,082
3,277
2
318
2,956
4,933
3.601
3,602
2
382
3,218
4,894
2,952
3,107
2
455
2,650
4,718
3,479
699
1,297
1,483
3,491
757
1, 147 j
1, 587
4,437
830
1, 500
2, 108
4,297
863
1,498
1,937
4,589
959
1,790
1,840
4,424
990
1,583
1,852
3,834
1,001
1,362
1,472 !
3, 923
984
1,399
1, 540
{
j
1
!
!
!
j
'
^
i
4.870
1.570
3,300
5.317
1.258
4,000
5,273
1,240
4,033
15, 177
6,999
8,178
i
;
;
13. 42S
14,075
359
3, 435
10.281
37,751
3,239
3,297
13
584
2,699
4,656
3.541
3,617
3
585
3.030
4,528 ;
3,400
3,592
3
530
3.059
4,329
3, 187
846
1, 138
1, 203
3,715
996
1,376
1,343
3.094 :
707 :.. . ...
1,078
1,310
!
STONE, CLAY, AND GLASS PRODUCTS
\
1
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}: _
-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
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.
10. 50
9.25
9.88
10.50
254
64
64
2,310
355
53
133
2,663
644
33
77
2,532
664
57
136
2,483
100
967
16
791
2, 213
900
359
54 i
366 i
2 042 !
355
563 1
120 i
721 i
1,755 :
1.650
3,202
14. 1
2, 840
21,816
0,310
1. 650
3, 779
16 6
3, 778
19,547
5, 919
1. 650
4, 168
20.2
2, 952
20,762
5, 936
10. 50 j
;
j
1
i
657 i
104 !
149
2,464
:
;
705 '
437
29
1,006 :
1,518 !
i
10.50 i
10.50
10. 50
10.50
10.50
10. 50
10.50
10. 50
621 !
137 !
197
2,450 I
545
158
180
2,380
503
179
181
2,300
405 :
131
208
2,333
369
158
172
2,292
351
203
217
2,217
322
218
143
2. 303
233
320
115
2, 306
605 i
1,340 |
60 !
1 346 '••
1,324 '
425
1 228
44
965
1,434
155
1,219
45
848 i
1,351 i
148
1, 137 :
45
1 045
1,959 i
140
1 104
42
1 121
2 091
175
920
83
850
1,651 i
1,877
140
199
32
531
1,50
1.650 i 1.650
1.650
8, 144
7,842 : 7,680
35 7
34 5 '•
34 8
7,898 i 8, 249 ; 7, 388
21,852 ! 21,424 : 21,734
6, 332 ! 5, 975
6,588
1.650
6, 675
29.3
8, 439
19, 972
6, 055
1
1.650 :
1.575 i
1. 570 1 1.650
' 5,257 j 6,544 i 8,554 ! 8,813
i
23.0 '
29 6
37 5 !
39 8
| 4,618 1
6,492 ! 8,784 | 8,541
1 21,422
21.557 f 21,301 ] 21, 600
j 6.318 | 6,565 i
6,304 ; 6,424
1 105 i
1 050
5,779 :
26. 2
5,074 ;
20,078J :i
0 21 ' -
1. f 50
4,447
19 ',
3.104
GLASSWARE, ETC.
Glass containers: #
2,804 i
2, 922
3,134
2,770
2,600 : 2.920
3,032 ,: 3,252
Production
thous. of gross..
3,160
3,117
3, 168 ; 2, 860
49.2
52.0
53. 0
46.6 1
49. 2 1
52.0 \
Percent of capacity
55. 1
55.2
53. 2
54. 1
56.8 !
56.6 <
2,662
i
2,585
i
3,132
2,542
I
2,914
i
3,
172
i
2,974 : 3,080 ; 3,272
Shipments
thous. of gross..
3,137
3,136
7,872
7,442 i
Stocks, end of month
thous. of gross..
7,078 ! 7,719 1 7,480
7, 622
7, 215 : 7, 152
7,567
7,558 I 7,545 : 7,483
Illuminating glassware:*
Orders:
1,774
1,522
1,480
1,781
2, 184
1,990 ;
1.081
New and contract
number of turns _ _
1, 145 '
1.491 ;
1, 553 1
1,453 ;
1,423 ; 1,411 i
1,865 ' 2,259 ; 1,918
2, 305
1,794
2, 540
2,456 :
Unfilled, end of month... number of turns. . 2, 252
1,951 ! 2,205
2, 216
2, 235 i
1,858 :
1,038
2, 022
Production.. _
number of turns..
1, 460 i
1. 256 ! 1,763
1,844
] , 877
1,495 ;
1,512
1,453 ,
1,188
1,276 ! 1,062
Shipments:
1.091
1,439
1,413 1 1,936
1,999
1,851
1,255
Total.
number of turns..
1,427 '
1,446
1,390
1,427 ! 1, 880
1,105
05. 9
75.4
56. 1 i
55. 1
Percent of full operation ._ ._
77. 9
72 1
48.9 '
55 6
43 1
49 9
55 6
73.3
56 3 i
4, 487
4, 525
Stocks, end of month
number of turns..
4,581 i 4,431 ; 4,367 ; 4,615 I 4,735
4,641 i 4, 610 ; 4, 649
4, 432
4,475 :
4, 457 I
Plate glass, polished, production t
7,607 ; 7,441 : 9,927 , 8,629 '. 7,764
thous. of sq. ft.. 1 3, 305
6,520 ; 7,242
7,450
6,738 1 7,512 I 0,587
0
Revised.
* New series. Earlier data not published on rubber heels and soles prior to December 1932, and on illuminating glassware prior to July 1932 (except production ana
percent of capacity); for earlier data see p. 20 of the June 1933 issue, face brick, machine production.
§ Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period.
1 Adjusted for degrading and year-end physical inventories.
t Revised data for 1933 represent total production for the United States.
# Series on glass containers are not comparable for 1934 and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the year of
1933 amounted to 33,056,706 compared with 23,511,963 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies, now reporting by years,
from 1928 to date were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are not available for
this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly figures prior to 1934
had a downward bias. Basis of estimating capacity was changed in computing the new series.
• In October 1933 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 percent.
For preceding periods the coverage varied but was about 80 percent. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933 dat8.1 for
the smaller number of firms
SURVEY OF CURRENT BUSINESS
March 1935
Monthly statistics through December 1931,
1935
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
February
STONE, CLAY, AND
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, mixing
plants, etc
- short tons..
Tile partition
thous of sq. ft
Orders, new:
Quantity
Value
March
April
53
1934
I
June
July
May
August SeptemOctober jK<gT
ber
^
GLASS PRODUCTS—Continued
11
a
a
7, 989
266 761
85, 747
92, 703
439 953
173,
218
"•325 958
-
206, 476
.........
19, 339 _»».._
43, 058
2 514
a
88 408
450 364
145, 404
101,805
334,318
99, 956
257 C48
......
31, 591
76, 218
4 258
32, 601
44, 61 2
3 501
149, 420
226, 405
188, 314
162, 020
24,063
29, 437
2,426
24, 681
1,721
23, 985
1,550
2 222
32, 904
49, 793
2,866
TERRA COTTA
.
short tons..
thous. of dol..
967
80
506
39
1,159
112
902
82
880
69
996
95
1,630
122
964
83
1,382
84
515
50
761
65
539
41
1,090
82
TEXTILE PRODUCTS
CLOTHING
Hosiery:* f
Production
thous of dozen pairs
Shipments
thous. of dozen pairs. Stocks, end of month thous. of dozen pairs. .
Men's and boys' garments cut:
Overcoats
thous. of garments. _
Separate trousers
thous of garments
Suits
thous of garments..
« 7,302
6,820
16, 563
a
a
0
a
a
9,092 « 10, 471
8,242 0 10, 488
17, 501 a 17, 571
a
a
0
9,878
9,402
18, 134
a
a
a
10, 132 a 8,474 a° 6,674
9,611 « 8, 458
6,349
18, 742 " 18, 845 * 19, 164
a
a
a
a
9,564 a 9, 466
7,838 « 6, 989
8,666 a 8. 078 a 9,791 a 9, 308
«
17,
006 " 17, 159
«
17,
238
18, 332
a
8,
a
a
001
8, 220
16,934
COTTON
296
520
477
547
414
519
363
360
421
477
545
513
Consumption t
thous. of bales. .
508
Exports:
Quantity, exclusive of linters
454
616
572
504
466
thous. of bales. .
306
739
550
387
285
459
628
253
Value. (See Foreign Trade.)
Qinnings (total crop to end of month)
d
6
4,958
7,920
9, 030
9, 380 A 12, 557
9, 174
100
1,398
thous. of bales..
12, 664
12
8
11
11
8
8
10
Imports#
thous. of bales _
14
19
12
15
10
13
Prices:
.125
.131
.123
. 124
. 123
.123
To producer
dol. per Ib .
. 110
. 116
.131
. 103
116
. 117
.117
.125
.126
. 131
.127
. 127
.114
.134
.129
Wholesale, middling, N. Y
dol. per lb_.
.113
.123
.123
.123
.119
f 9 731
Production crop estimate
thous of bales
1,676
2, 283
1,498
482
977
432
427
522
515
339
527
Receipts into sight^
thous of bales
598
715
Stocks, end of montlrt
Domestic, total mills and warehouses
8,673
10, 521
11,089
10,940
6,794
7,982
thous. of bales. . 10, 158 11, 102
9,499
6,905
10, 293
7,311
8,679
1,057
1,140
1,294
1 , ] 94
1, 300
1 422
1,228
1 651
1 326
1,081
Mills
thous of bales
1 606
1 657
1 585
7,616
9,381
9, 795
9, 641
5,824
5, 566
6, 560
Warehouses..
thous. of bales.. 8, 964
9,496
8,637
7,848
7,094
5, 985
7,210
7, 963
7, 955
7, 482
7,819
6, 639
7,959
7,362
6,950
World visible supply, total
thous. of bales..
9,284
8,868
9,837
8,566
6, 037
5, 225
5, 565
5, 962
6, 086
5,541
4,532
4,737
American cotton..
thous. of bales..
6,518
5,040
7,693
7, 025
6, 093
COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
.312
.316
.304
. 306
.309
327
.315
.308
22/ls, cones (Boston)
dol per Ib
318
322
301
320
298
.464
.459
(2)
40/ls, southern, spinning
dol. per lb..
.467
.480
.458
.451
(~)
.479
.471
(-)
(2)
(')
Ootton goods:
Abrasive cloth. (See Paper Products.)
Cotton cloth:
16,423
17,330
16, 857
16, 444
22, 792
15, 647
14, 456
Exports!
thous. of sq. yd_. 15,484
22, 556
21,223
16, 790
20, 071
23, 791
2,592
2,512
5,474
•3, 517
4, 353
1,944
Imports#
thous. of sq. yd
5, 426
3,817
2,108
3,985
4,616
6, 135
1,701
Prices, wholesale:
.074
.070
. 066
.067
. 008
.063
.064
.067
Print cloth, 64 x 60
dol. per yd_.
.072
.070
.071
.069
067
Sheeting, brown, 4 x 4 (Trion mill)
.082
.081
.078
.077
. 077
.082
.077
.077
.081
.076
.079
dol. per yd_.077
.080
Cotton cloth finishing:*
Production:
Bleached, plain
thous. of yd.- P143, 826 122, 869 132, 678 163, 772 150, 138 137,053 106, 741 101,015 113,209 111,581 134, 386 126, 726 "128,898
89, 420
87, 679
73, 407
« 87, 992
73, 651
66, 472
Dyed, colors
thous. of yd_. P105, 618 76, 678 89, 192 117, 562 104, 689 97, 838 73, 954
6,162
7,985
6, 693
Dyed, black
thous. of yd_. » 6, 954
6, 416
5,834
5,686
5,738
"6, 114
4,761
5,258
4,885
5,916
Printed
thous. of yd.. P 118, 070 99, 901 104, 920 131, 426 122, 951 114,803 83, 414 75, 833 84, 499 90, 772 126, 384 114, 139 a 107, 379
Stocks:*
Bleached and dyed
thous. of yd.- 288, 864 332, 985 325, 313 327, 040 308, 895 310, 471 314,413 310, 039 269, 461 266, 886 277, 030 298, 233 284, 473
Printed
thous. of yd.. 100, 008 106, 280 104, 949 99, 614 106, 388 107, 128 118,034 109, 756 101, 057 101, 083 108, 830 111,758
107, 585
Spindle activity:f
22, 113
25, 095
24, 154
25, 051
Active spindles
thousands
25, 146
24 621
24, 418
25, 057
25, 647
26, 525
25, 896
26 380
26, 485
7,185
5,152
3,716
6,703
Active spindle hours, total, .mills, of hours..
7,510
6,692
7,706
5,241
5,753
6,973
7,268
7,259
6,027
233
120
234
167
186
217
Average per spindle in place
hours..
244
225
249
216
234
169
19,5
97.1
87. i
54.3
Ooerations
..cercent of caDacitv..
102.6
98.5
101.5'
102.7
105.6
98.0
72.6
76.8
74.3
94.0
a
b
d
Revised.
As of Dec. 13.
As of Jan. 16.
/Final estimate.
v Preliminary.
* New series. For earlier data on gypsum, see p. 20 of the January 1933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated to
represent 95 percent of the industry. The revised data on hosiery presented in the October 1934 issue are based on a check of the data previously reported, made by the
Code Authority. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry; comparable figures
are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are as reported at end of each 4-week period.
1 For revisions for crop years 1931-32, 1932-33, and 1933-34, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, and p. 53 of the October 1934 issue,
respectively.
t For revisions of cotton consumption domestic stocks and spindle activity for the year ended July 1932, see p. 20 of the February 1933 issue, and for cotton consumption domestic stocks and spindle activity for the year ended July 1933, see pp. 52 and 53 of the November 1933 issue. Forrevision of cotton stocks and spindle activity for
year ended July 1934 see p. 52 of the October 1934 issue. Data on hosiery revised by the Code Authority. Revised data for the months of 1933 previously shown in the
Survey, and comparable data on shipments back to 1929 will be shown in a subsequent issue.
§ Data revised for 1932; for revisions, see p. 53 of the June 1933 issue. Data revised for 1933; see p. 20 of the September 1934 issue.
# See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data for succeeding 4week2 periods.
No quotation
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of data, may he found in January January
the 1932 Annual Supplement to the Survey
March 1935
1934
|j?yU~
March
April
May
June
July
August
Septem- October
r\^^^\^ ~ Novem December
';
i ber j
ber
TEXTILE PRODUCTS—Continued
KAYON AND SILK
Rayon:
32
42
14
Imports§#
thous. of lb_.
22
64
4
30
24
11
27
29
25
6
Price, wholesale, 150 denier, "A" grade
(N. Y.)
.— .dol. perlb..
0.65
0.65
0. 65
0. 55
0.55
0.60
0.55
0.55
0.55
0.55
0.55
0.55
0.57
Stocks, imported, end of month.thous. of lb_.
264
488
372
477
467
449
440
280
275
276
272
265
264
Silk:
4Q Q4|
Deliveries (consumption)
- bales
47 443 40 942 39 021 44 080
37 392 3S 740 33 069
32 021 36 247
32 599
49 106 37 548
Imports raw§#
thous. of lb__
4,279
3,895
5 278
5,796
4 798
5 037
5 176
4 719
4 731
6 846
7 219
° %6
5 387
Prices TrWiesaie:
Raw, Japanese, 13-15, N. Y___dol. per lb._
1.348
1.453
1.550
1. 405
1. 318
1.199
1. 284
1.139
1.133
1.125
1.292
1.358
1.185
Silk goods, composite—
..dol. per yd..
1.04
1.04
1. 04
1. 01
0.96
0.93
0.92
0.96
0.93
0.93
0.93
0. 95
0. 96
Stocks, end of month:
World, visible supply
.bales. .
317, 000 307, 000 287, 000 278, 000 268, 000 259, 000 272, 000 285, 000 285, 300 277, 800 275, 000
United States:
At manufacturers
bales.. 17, 630 23, 139 22, 415 22,640 21,902 21, 675 20, 430 19, 479 18,500 20, 010 20, 844 20,354
21,440
At warehouses.. _
bales.. 48, 516 83, 820 74, 607 62, 828 61, 083 61,060 69, 048 66, 268 58, 694 76, 645 66, 479 76, 502
65, 934
Silk manufacturing:
Operations, machine activity:
Spinning spindles:*
All
percent of capacity ..
62.5
55 0
56 0
59 7
48 6
31 5
41 6
40 3
40 0
28 0
43 2
44 4
° 46 e
a
47' 4
5-B
.percent of capacity __
40 2
53.2
45 9
49 9
52.0
39 5
38 9
37 2
37 1
37 8
45 8
° 45 8
Weaving:
a
a 46 5
a 42 9
Broad looms f
. percent of capacity —
64.3
52.8
62 3
54
7
41 7
°38
1
25
0
48
1
a
Narrow loomsf
percent of capacity..
32.0
37.0
36. 6
35. 7
°29. 1
°24. 9
"25. 6
29.7
18.7
Silk piece goods:*
Commission mills:
New orders
... yards per loom..
349 o
4°5 7
468 0
277 0
247 3
290 2
428 7
278 4
242 3
449 0
Production
.yards per loom. .
780 9
614 8
434 2
462 2
409 9
458 5
232 2
512 3
590 0
550 8
Shipments
yards per loom..
766 3
572 0
411 7
426 1
456 4
414 8
248 2
536 5
481 6
534 7
Stock-carrying mills:
Production
yards per loom..
364.0
416.0
446. 6
344. 9
269.7
273 2
290.9
325 6
320 9
286 8
175 1
320 0
458.5
412.4
Shipments
yards per loom..
445.8
390.2
271.1
357.7
429.5
300 8
333.3
352 6
367 6
399 4
Stocks end of month yards per loom—
811 8
831 0
901 1
937 7
890 3
977 3 1 004 5
952 2
830 9
853 8
787* 5
818 6
Still to' come off looms. -yards per loom..
521.0
454.7
430. 3
384. 1
378 5
327 4
372! 8
320 0
324.5
387 2
393 5
480 9
WOOL
Consumption, grease equivalentt-thous. of lb_. «> 58, 370 35,968 34, 348 36,119 29,889 28,213 26, 213 ^27, 254 *28, 495 &23, 467 «> 34, 065 H4.858 "57,065
Imports, unmanufactured^.
thous. of lb_. 8,583
9,637 12, 622 16, 975 13, 567
8,003
7,458
7,632
7,046
8,850
7,567
4,964
5,074
Operations, machinery activity:*
29
Combs worsted . .- percent of capacity. °70
65
100
61
46
40
47
38
82
° 95
37
49
Looms:
Carpet and nig
percent of capacity°34
40
42
36
43
39
46
35
33
30
34
23 !
"28
"32
Narrow
- percent of capacity . .
39
28
41
38
40
30
24
26
18
34
29
° 96
°63
Wide
percent of capacity..
69
81
66
55
54
56
61
28
45
53
48 1
° 63
Spinning spindles:
Woolen ..
percent of capacity. .
76
85
°65
45
75
70
68
71
72
63
66
° 71
71
Worsted
— percent of capacity..
°50
48
74
44
39
29
21
40
31
26
35
48 '
° 65
Prices, wholesale:
Raw, territory, fine, scoured.... dol. per lb0.88
0.88
0.76
0.84
0.87
0.85
0.84
0.84
0.76
0.76
0.76
0.76
0.76
Raw, Ohio and Penn., fleeces. — dol. per lb—
0.42
0.42
0.26
0.33
0.31
0.40 i
0.37
0.31
0.31
0.30
0.28
0.28
0.27
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd.. 1.510
1.800
1.800
1.634
1.634
1.763
1.650
1.634
1.634
1.634
1.460
1.485 ;
1.510
Women's dress goods, French serge, 54" (at
1.125
1.125
1.139
factory)
dol. per yd.990
1.125
1.103
1.119
1.139
1.287
1.139
1.139
1.101
.990
Worsted yarn, 2/32s, crossbred stock Boston
dol. per lb._
1.35
1.35
1.10
1.35
1.35
1.31
1.28
1.21
1.18
1.26
1.11
1.10
1.17
Receipts at Boston, total *
.thous. of lb._
8,560
7,067
5,920 | 4,405 13, 877 35, 345 59, 972 23, 673 14,829 12, 744 11,053
5,177
5,758
Domestic
-thous. of lb—
4,739
4,478
3,761
3,209 i 2,872 12, 025 33, 512 58,962 22,987 13,942 12, 033 10,687 '
4,826
4,799
Foreign*
thous. of lb—
2,328
2,711 | 1,533
1,833
687
699
1,851
1,010
711
366 '
932
887
Stocks, clean equivalent, end of quarter. ^
186, 229
Total
thous. of lb_.
168 716
164 115
162, 233
Domestic
thous. of lb—
140, 754
143 197
Foreign
thous. of lb__
27 962
23 996
20 988
Combing
thous. of lb—
132, 783
110 251
107* 9907
Clothing
thous. of lb—
68 465
53 446
56 08
MISCELLANEOUS PRODUCTS
Burlaps and fibers, imports: §#
Burlaps
.thous. of lb— 27, 196 35, 768 26, 346 35,113 \ 30,573 34,400 27,093 42, 471 31, 631 27, 124 22, 517 31,472
27,493
Fibers
long tons— 14 898 28,406 18, 839 23 059 i 17 861 17, 172 21 399 15 010
15 625
10 978
9 044 10 881
]Q 530
Buttons and shells:
i
Buttons:
77
Imports, total §#
thous. of gross..
119
72
157
78 !
54
121
45
79
72
75
65
28
From the Philippines
thous. of gross—
103
42
62
70
61
70
58
47
21
47
47 !
35
77
Fresh-water pearl:
37.0
Production
percent of capacity _ _
44.8
34.6
44.8
46.5
62.7
61.7
57.9
23.7
43.1
48.4
41 1
40.0
Stocks, end of month
.thous. of gross.. 8,676 °7, 416
6,634
6,432
6, 296
7,342
7,303
7,118
7,187
7,327
6,791
6, 396
6, 236
222
Shells, imports, total§#
thous. of lb811
274
1,862
1,644
1,608
345
414
310
289
442
1,266
335
Mother-of-pearl
thous. of lb772
254
526
165
559
313
226
219
657
168
199
423
130
1 119
524
1 291
667
853
365
593
Tagua nuts imports §#
thous. of lb _
867
1 148
638
458
1,457
650
Elastic webbing, shipments
thous. of dol__
954
883
646
840
929
989
858
705
817
823
815
«1,206
°960
Fur, sales by dealers
thous. of dol._ *1, 753
1,842
1, 644
2,220
1,797
3,228
3,310
2,241
2,669
3,565
2,038
1,887
«1,3S6
Pyroxylin-coated textiles (artificial leather):
3,224
3,065
3,050
Orders, unfilled, end of mo.thous. linear yd—
3,036
3,383
2,930
4,210
3,811
3,346
3,139
3,323
2, 988
2, 787
3,294
3,654
3,283
2,706
2,972
3,325
Pyroxylin spread.
thous. of lb_. 4,214
5,278
5, 199
4, 681
3,350
3, 257
3, 337
2,645
3,059
3,031
3,125
Shipments, billed
thous. of linear yd._
3,738
2,876
3,812
4,854
4,023
2,649
3,327
2, 833
3, 197
° Revised. * Preliminary. # See footnote on p. 35 of this issue.
*> Since July 1934 report has been on a weekly basis. Data for September and December, are for 5 weeks; other months, 4 weeks. Figures for July and succeeding
months are computed from Census Bureau figures so as to represent 100 percent of the wool industry.
§ Data revised for 1932. For revisions see pp. 63 and 54 of the June 1933 issue. Data also revised for 1933; see p. 20 of the October 1934 issue.
t Compiled by the Silk Code Authority (The National Federation of Textiles. /TIC.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40 hours
each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and computed on the basis of a 48-hour week.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 20 of August 1934 issue.
* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed normal (currently based on the single-shift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry. No allowance for holidays in Jan. 1934; Jan. 1935, and Dec. 1934. Conversion will be made for earlier months
(since effective date of code) at a later date.
* Foreign receipts for year 1934 are compiled by 17. <S. Department of Agriculture and are not comparable with data carried through December 1933. This results in a
total figure which also is not comparable with earlier data.
1 Compiled by Bureau of the Census and represent stocks of raw wool held by all dealers, topmakers and manufacturers who usually hold significant stocks of wool.
J Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; second wool is multiplied by 2 and pulled wool by 1H- Includes
clothing and carpet wools.
March 1935
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may he found
in the 1932 Annual Supplement to the Survey January January
oo
1934
Fe
u
a^ '
March
April j
TRANSPORTATION
May
June
July
August
Se
Novem- Decemkerm~ October
ber
ber
EQUIPMENT
AIRPLANES
a
83
111
120
« 120
°205
69
«183
155
Production, total
number
97
"ISO
a Si
47
57
°102
«102
60
« 67
«122
Commercial (licensed)
. _
number
. .
"29
25
56
«105
21
42
24
24
65
35
57
19
15
Military (deliveries)
number..
57
26
15
12
24
81
S4
86
18
31
For export
number
20
18
15
15
Exports:
AUTOMOBILES*
Canada:
641
1,929
5,255
3,950
4,205
3,517
3,778
Automobiles, assembled
. number
1, 585
6,555
3,343
2,384
3,026
4,920
1,140
367
2,632
2, 754
3,970
4,692
Passenger cars
_ _
..number
2,930
3,185
2, 285
2,269
1,366
1,118
4,161
United States:
Value. (See Foreign Trade.)
15, 420
Automobiles, assembled, total §_ .number. . 17, 626 11, 258 14,911 26, 217 27, 265 24, 670 24, 887 23, 959 19, 827 17,766 15, 552 16, 280
8,279
9,208
12, 622
8,040
11, 035
8,872
Passenger cars§
number
3,685
16, 509
16, 058
18, 071
17, 621
10,23fi
16, 141
7,141
7,072
7,512
8,612
7,305
Trucks § .
...
..number
6,816
6,039
10, 756
7,530
6,591
7,573
6,338
10, 076
Financing:
43, 789
87,700
68, 224 a 55, 303
99, 114
Retail purchasers, total ... thous. of dol
99, 591
67, 209
34, 437
45, 378
69, 203
87, 998
95, 485
24, 761
42, 738 « 33, 784
New cars
-thous. of dol—
69, 772
68, 842
58, 029
43. 250
19,190
29, 290
67, 991
65, 093
46, 428
18, 016
24, 127 «a20, 390
Used cars
thous. of dol—
26, 694
28,028
22, 708
29, 763
28, 401
14, 420
15, 198
21, 368
28, 601
1,012
1, 120
1,360
1,532
1,643
1,252
Unclassified
-thous. of dol—';
890
1,837
1,871
1,791
827
1,407
Wholesale (manufacturers to dealers)
36, 530
thous. of dol ' - - .- 35, 879 61,514 102, 776 121, 061 123, 691 102, 706 90, 294 85, 108 55, 586 45, 363 a 29, 730
Fire extinguishing equipment:!
Shipments:
25
40
31
30
45
Motor-vehicle apparatus
number..
36
39
19
20
35
32
25
28
31,219
21,536
24, 974
22, 264
24, 007
21, 495
Hand-types
—
number
22, 183
23, 056
21, 204
15, 715
16, 597
28. 915
17, 956
Production:
Automobiles:
2,732
10, 607
1,697
9,904
3,780
Canada, total
number
6,904
20, 161
13, 905
5,579
8,571
14, 180
18, 363
11, 114
1,052
2,334
Passenger cars
number-- 8,269
4, 211
16,504
10, 810
2,125
12. 272
7,325
7,101
15, 451
8,407
4,946
United States, totalf
number-- 292, 765 166, 907 231. 707 331, 263 354, 745 331. 652 308, 065 266, 576 234,810 168, 871 132, 491 78, 465 183, 187
Passenger carst-number.. 229, 199 113, 331 187, 639 274, 722 289, 030 273, 765 261,852 223,868 183, 600 123, 909 84, 503 45, 550 127, 944
6
115
Taxicabs*..
number
0
0
0
321
0
0
27
16
0
32, 909
63, 566
55, 128
Trucks f
number
47, 988
65, 714
46, 213
51,310
44, 962
44, 041
57,887
42, 708
43,255
56, 525
1,199
630
578
Automobile rims
thous. of rims.. 1,869
752
789
1,262
1,016
526
1,652
1,636
1,140
1,165
Registrations:
New passenger cars f
_. .... number *144, 333 61, 242 94,887 173, 287 222, 900 219, 163 223. 642 228, 760 193, 828 146, 931 140, 880 107, 648 « 75, 514
24, 125
New commercial cars*
number
28, 689
38,882
40, 878
22, 903
24, 476
33, 894
40, 790
37, 225
39,831
34,778
37, 490
Sales:
General Motors Corporation:
41,530
To consumers. _
.number— 54, 105 23, 438 68,911 98, 174 106, 349 95, 253 112,847 101. 243 86, 258 71, 648 69, 090 62, 752
41, 594
To dealers, total
number.. 98,268 62, 506 100, 848 153, 250 153, 954 132,837 146, 881 134, 324 109, 278 71,888 72, 050 61, 037
U. S. dealers
number.. 75, 727 46, 190 82, 222 119,858 121,964 103, 844 118, 789 107, 554 87, 429 53, 738 50, 514 39, 048
28, 344
Shipments, accessories and parts, total*
77
99
Jan 1925—100
92
79
115
106
78
106
141
127
99
81
Accessories, original equipment
101
66
Jan 1925—100
66
74
71
109
150
130
112
101
85
95
Accessories to wholesalers
Jan. 1925=100—
124
110
72
107
65
83
96
101
101
77
73
82
Replacement parts
Jan. 1925= 100—
123
103
134
129
102
145
135
139
143
135
118
127
Service equipment
.
Jan. 1925=100
55
72
60
61
56
57
69
67
71
86
71
68
RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
mills, of lb__ 182, 816 192, 167 191, 580 191, 149 190,079 189, 700 189, 426 188,491 186, 889 186, 117 185, 497 184, 898 0 183, 363
Number, total
thousands
1,901
1,932
1,907
2.012
1,925
1,994
1,949
2,019
1,985
2,007
1,989
1,971
1,938
Bad order, total
number 285, 256 286,928 295,582 291, 081 295, 191 301, 368 298,846 299, 780 293, 173 296, 418 297, 546 295, 947 290, 709
Percent of total in bad order
15.2
15.6
15.5
14.4
15.6
14.9
15.0
15.4
15.3
15.3
14.7
15.6
15.5
Locomotives, railway:
Owned:
Tractive power
mills, of lb_. 2,244
2, 271
2,251
2,334
2,363
2,361
2,278
2,356
2,345
2,341
2,310
2,297
2,285
Number
number- 46, 688 50, 103 50, 034 49, 861 49, 673 49, 395 49, 211 48,687 48,209 47. 782 47, 553 47, 329 « 46, 869
Awaiting classified repairs. .number- 10, 419 10, 966 11, 119 11, 259 11, 096 11, 080 10,803 10, 789 10, 771 10,616 10, 676 10, 718
10, 344
Percent of total22.3
22.1
22.2
22.4
22.7
22.6
22.5
23.0
22.8
22.8
22.3
22.3
22.2
Installed.
_
number80
62
68
81
75
62
52
38
46
40
70
37
48
Retired.
.
number
261
292
291
543
144
192
258
311
224
439
218
568
475
Passenger cars:
On railroads (end of quarter)
number43, 354
45, 278
45, 842
« 44, 363
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads
cars..
24
522
150
750
4
19, 727
1.217
113
75
360
517
4
Orders, unfilled, total
cars..
818
732
6,019
8,372
6,512
15, 964
3,080
21,011
17, 813
1,771
628
13, 755
5,495
Equipment manufacturers.—
cars—
399
10
0
10,000
12, 516
5,525
1, 795
959
53
1,700
15, 174
9,607
3,422
Railroad shops
_
cars—
419
722
4,812
5,964
812
5,019
1,285
575
5,297
2,847
5,837
4,148
2, 073
Shipments, total
cars—
115
24
159
48
25
1,788
768
999
191
4,186
1,618
3,129
3,331
Domestic
..
. cars
6
22
159
4,184
24
21
1,768
995
190
748
1,616
3,059
3,329
Locomotives, industrial electric (quarterly):
Shipments, total
number
39
63
70
87
Mining use
number — - _.
70
63
38
87
Locomotives, railway:
Orders, new, placed by railroads— number. _
0
40
0
20
6
5
69
0
3
17
0
1
3
Orders, unfilled, end of month:
Equipment manufacturers (Census)
total
number
115
120
146
118 :
127
127
97
121
136
137
135
133
127
Domestic, total
.
. number
109
121
95
142
106 :
125
116
117
126
123
125
122
115
Electric
number
96
85
85
56 i
89
101
60
59
59
86
88
61
56
Steam
number-13
54
10
31
64
50
36
20
31
65
61
59
67
Railroad shops (A. R. A.)
number..
0
1
1
1
0 !
0
0
0
0
0
0
20
Shipments:
13
Domestic, total
number
1
21
5
0
0
2
4
11 i
16
13
31
6
Electric—
. _ number
6
0
1
2
2
0
5
0
2
3
3
31
0
Steam
number
0
0
2
9 ;
16
0
0
10
18
0
0
6
7
Exports, totalf
number
4
9
10
6 :
28
6
12
14
8
17
8
Electric _ _
number
6
4
11
3 .
17
4
14
3
10
S
7
1
Steam
_ _ number
3
3
11
3
1
1
4
3
0
2
0
3
Passenger cars:
Orders, new, placed by railroads.number- .
0
0
177
75
0
0
58
2
o :
o
47
0
0
Orders,unfi lied (end of quarter) number
103
92 i
182
118
41
44
Shipments, total .
number
6
2
0
0
0
5
56
38
41
2
Domestic ._
number
0
29
0
2
0
0
5
56
38
41 I
2
0
« Revised.
f Preliminary.
* New series. For earlier data see p. 20 of t he Febrmiry 1934 issue for to tal shipm ents, accessories an d parts, and registrations of new commercial cars,
t Revised series. For earlier data see p. 19 cf the Aug ust 1933 issue for fii•e extingu Ushers ancI passenge r-car regi strations; and p. 65 of the June 1933 issue for 1932 exports
locomotives. Data on automobiles revised for!933. See p. 55 of the Aug list 1934 issue.
t Index of sales of new passenger cars is sho\vn on p. i26 of this issue,
§ Data revised for 1932' See p. 54 of the Jurle 1933 iss ue Data revised f or 1933. See p. 20 of
the Sep tember 1J)34 issue.
• Taxicabs are included in figures for passe dger cars, beginning January 1935 in o rder to a\r oid discl()sure of iridividual companies.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
56
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey January January
March 1935
1934
F
April
|^~ \ March
May
!
!
1
j June
July
August September October
No v e m
De c e m
b e r ber -
TRANSPORTATION EQUIPMENT—Continued
ELECTRIC TRUCKS AND TRACTORS
4'7
Shipments, industrial, total
number
42
Domsstic
number
0
Exports
.number
SHIPBUILDING
United States:
Merchant vessels:
Under construction,. .thous. of gross tons..
Completed during month-total gross tons— ~ 3,103
Steel
total gross tons
2 097
World (quarterly):
Launched:
Number
_
_
ships
Tonnage.. thous. of gross tons
Under construction:
Number
.. ...
ships
Tonnage
thous. of gross tons..
46
39
7
52
49
3
70
64
6
72
71
1
63
60
3
65
64
1
29
27
2
44
4,159
1 814
43
2,976
1 437
42
5,314
2 085
48
12,904
8 101
46
11, 958
9 843
38
7,535
3 256
35
10, 970
7 877
38 i
37
1
39
36
3
45
43
2
94
23
1
50
45
32
49, 975
1 601
33
2,441
1 555
49
2,370
858
50
2,430
447
92.4
91.0
31.2
188.8
91 8
110.3
121 8
96 1
65 7
61 6
72.6
130. 6
36.0
29.0
67.3
i
!
55 !
86 i
33
5, 156
2 907
99
145
129
307
288
1,216
269 |
1,079 j _ _
i
!
296
1,311
CANADIAN STATISTICS
Business indexes:*
Physical volume of business
1926=100..
96.5
Industrial production, total
1926=100..
96.3
71.3
Constructionf
..1926=100189. 7
Electric power...
1926=100—
88.9
Manufacturing..
. 1926=100
Forestry..
..1926=100..
95.7
130.4
Mining!
- 1926=100
97.1
Distribution
1926=100
75 8
Carloadings
1926=100
70.1
Exports (volume)— ... 1926=100
71.3
Imports (volume)
1926 = 100. .
116.6
Trade employment1926 = 10030.6
Agricultural marketing 1926 = 100. .
19.3
Grain marketings
1928=10081.5
Livestock marketings
1926=100..
Commodity prices:
78.9
Cost of living index <?
1926=100
71. 5
Wholesale price index#
1926-100
94.4
Employment, total (first of month). 1926 =100. .
87.9
Construction and maintenance
1926=100—
87.4
Manufaeturing-.1926=100—
119. 1
Mining
1926=100
115. 2
Service
1926=100—
130.6
Trade
.1926=100..
76.2
Transportation
1926=100Finance:
Banking:
2,682
Bank debits
...mills, of dol—
76.2
Interest rates
1926 = 100-.
Commercial failures*
number
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—
3.65
Bond yields
percent—
88. 6
Common stock prices, total t
1926=10080. 1
Banks
1926=100
129.7
Industrials
1926=10050. 4
Utilities
1926=100
Foreign trade:
Exports
thous. of dol— 44, 374
Imports
-.thous. of dol— 37, 229
Exports, volume:
Automobiles. (See Transportation Equip.)
Newsprint. (See Paper.)
5, 380
Wheat
- thous of bu
346
Wheat
flour.
_
—thous. of bbl—
Railway statistics:
182
Carlo idings
thous. of cars-Financial results:
Operating revenues
. . -thous. of dol
Operating expenses
thous. of dol—
Operating income
thous. of dol.
Operating results:
Freight carried 1 mile. . .mills, of tons
Passengers carried 1 mile
mills, of pass—
Commodity statistics:
Production:
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
2,013
mills, of kw.-hr—
44
Pig iron
. thous. of long tons
Steel ingots and castings
80
thous. of long tons—
Livestock, inspected slaughter:
96
Cattle and calves
thous. of animals..
282
Swine
thous of animals
40
Sheep and lambs
thous. of animals-Newsprint. (See Paper.)
Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)
1, 025
Wheat
flour
thous. of bbL.
86.8
84.5
47.4
162.9
80.7
96.4
120.6
93.2
73.6
75.4
62.8
113.8
48.2
41.6
77.6
86.4
84.0
34.1
168.9
83.2
96.7
117.0
93.1
71.4
63.7
64.0
116.3
67.1
61.1
94.0
93.1
02.0
36.2
176.0
88.8
100.3
149.0
96.3
74 3
73.0
64.7
119.2
63.8
58.7
86.4
92.6
91.4
28.9
176.7
87.7
94.2
160.2
96.0
76 0
69.6
69.3
117.2
56.9
49.3
90.6
99.6
99.9
35.1
188.5
100.2
103.6
146.3
98.5
75 6
79.6
82.8
117.8
130.6
140.1
87.8
95.8
95.2
25.7
185.7
98.7
100.1
127.3
97.5
73.4
77.1
73.1
119.6
97.2
99.6
86.7
95.7
95.6
35.5
180.6
99.0
96.7
117.2
96.2
72 3
76.7
72.2
118.0
148.8
164.0
80.5
99.0
99.8
40.7
184.8
100 7
98.4
135 7
96.7
74 9
77.3
70.0
118.0
172.8
195.8
70.0
97.1
97.5
41.3
162.7
99.5
93.8
132.9
96.2
67.0
82.8
73.5
119. 8
127.7
139.0
76.7
°95.9
95.3
38.1
170.4
94 8
100.3
143 5
97.2
68 7
85.3
78.2
119.5
61.2
57.9
75.7
96.5
97.0
43.1
181.4
96 0
104.1
137 5
95 2
65 9
60 6
85.3
119.3
51.2
46.3
72.8
78.2
70 6,
88.6
88.1
80.0
106.8
109.8
122.3
76.3
78.7
72 1
91.4
98.0
84.2
109.4
108.7
111.6
76.2
79.9
72 0
92.7
100.8
86.5
108.9
109.3
112.5
78.0
79.4
71 1
91.3
95.8
88.1
103.3
111.8
116.1
75.9
78.5
71 1
92.0
95.8
90.2
103.6
111.7
115.6
78.5
78.2
72 1
96.6
116.7
93.2
106.2
115.4
116.5
80.3
78.4
72 0
101.0
140.6
93.8
107.0
119.7
119.1
82.6
78 7
72 3
99.9
129.0
94.2
110 3
123.0
116.5
83.6
79.0
72.0
98.8
118.1
94.3
112.4
125.5
117.1
83.6
79.3
71 4
100.0
117.0
94.4
117.9
116.2
120.0
84.8
79 4
71 2
100.2
111.0
92.8
121 2
114.9
121.3
83.9
79 0
71 2
"98.9
« 100. 3
91.3
122 9
115. 2
126.0
80.1
2,597
97.2
153
2,089
96.0
140
2,489
90. 1
140
2,536
87.7
141
3,129
84.8
132
2,602
85.4
115
2,767
83.1
122
2,534
82.3
103
2, 581
82.0
113
3,410
82.9
130
3,092
81.0
119
3,040
76. 2
40, 946
0
40, 799
147
0
4.66
81.6
71.7
118.6
53.5
3,634
0
3,000
634
0
4.60
86.5
76.7
123.8
58.0
26, 059
380
22, 700
2,979
0
4.32
88.0
76.9
128.5
58.8
31, 964
16, 280
15,000
684
0
4.20
90.7
76.1
133.0
58.1
76, 822
6,452
57, 707
664
12,000
4.06
88.6
75.2
128.0
56.7
9,514
2,200
0
7, 314
0
4.09
87.2
72.7
126. 1
54. 5
51, 447
450
50, 000
997
0
3.98
81.3
73.6
116.6
50.6
52, 737
0
52, 150
587
0
3.94
83.8
73.1
120.1
51.2
16, 945
3,210
9,634
4,101
0
3.93
83.8
74.9
118.8
50.1
271, 065
450
270, 000
615
0
3.97
85.2
76.1
122.0
49.0
5,248
685
0
4,563
0
3.88
86.0
78.3
125. 3
46.5
3. 65
86.2
79 0
125.6
47. o
47,118
32, 391
38, 365
33, 592
58, 364
47, 519
32, 047
34,815
58. 543
52, 887
58, 643
46, 186
56, 787
44, 145
55, 837
43, 507
58, 815
42, 208
68, 313
47, 229
65, 677
49, 884
61,39'
39, 108
7,088
448
6,513
328
10, 103
493
3,568
341
19, 024
482
18, 426
441
12, 979
408
14,710
412
17, 588
369
21, 808
486
18 770
504
17 336
341
172
176
164
189
177
194
193
188
205
212
243
211
21,011
19, 945
216
20, 627
19, 601
d
60
24,657
20, 630
2,976
23, 395
19,488
2,839
26, 069
21,240
3,814
24, 436
20,763
2,636
25, 206
22, 066
2,114
25, 201
22, 947
1,180
27, 605
21,688
4,998
29, 151
21,453
6,746
25, 702
19,916
4,797
1,682
109
1,629
98
1,986
127
1,869
103
1,873
103
1,721
183
1,879
150
1,751
169
2,366
134
2,561
106
2 226
94
« 1, 725
31
" 1, 614
12
* 1, 797
12
« 1, 698
27
* 1, 831
38
1,709
37
1,621
37
« 1, 677
42
L, 627
43
1,853
47
* 1, 954
39
73
70
71
64
67
64
57
58
57
106
259
38
119
252
34
133
267
32
116
223
56
107
178
75
111
169
97
117
179
113
148
230
192
130
289
95
1,089
1, 175
1,127
1,073
1,282
1.3X3
1,654
1,704
61
58
91
270
40
84
263
36
1,043
1,102
1,064
a
« 2, 053
42
59
86
94
47
9
969
A
• Revised.
Deficit.
* New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.
f Revised series. Seo p. 55 of the April 1934 issue, construction, and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue.
# Number of commodities changed from 502 to 567 beginning with month of January 1934.
c? Data revised from January 1932 through July 1933. Revision for 1932 see p 55 of the November 1933 issue. For final revisions for 1933 see p. 56 of the October 1934
issue.
O
BNDEX TO MONTHLY BUSSNESS STATISTICS
Page
Abrasive paper and cloth
51
Acceptances
30-31
Accessories, automobile
55
Advertising, magazine, newspaper, radio
25, 26
Africa, United States trade with
34,35
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
30
Air-conditioning equipment
48
Air mails
26
Airplanes
36, 55
Alcohol, denatured, ethyl, methanol___ .
36,37
Aluminum
49
Animal fats, greases
37,38
Anthracite industry
22, 29,43
Apparel, wearing
29,53
Argentina, United States trade with; exchange; fiaxseed stock
32,35,38
Asia, United States trade with
34,35
Asphalt
44
Automobiles
22,26,27,28,29,55
Babbitt metal
49
Barley
40
Bathroom
fixtures
47
Beef and veal
41
Beverages, fermented malt liquors and distilled spirits
39
Bituminous coal
22, 28, 29,43
Boiler and boiler
fittings
47
Bonds, prices, sales, value, yields
33,34
Book publication
51
Boxes, paper, shipping
51
Brass
50
Brazil, coffee; exchange, United States trade
with
32,35,42
Brick
52
Brokers' loans
31
Bronze
50
Building contracts awarded
24, 25
Building costs
25
Building materials
24,45,46,47
Business activity index (Annalist)
22
Business failures
31
Butter
39
Canadian statistics
56
Candy
42
Canal traffic
36
Capital issues
33
Car-loadings
22,35
Cattle and calves
41
Cellulose plastic products
38
Cement
22,27,28,29,52
Chain-store sales
26, 27
Cheese
40
Chile, exchange, United States trade with___ 32, 35
Cigars and cigarettes
43
Civil-service employees
28
Clay products
23,24,27,28,29,52
Clothing
24,25,27,28,29,53
Coal
22,28,29,43
Cocoa
42
Coffee
23,42
Coke
43
Collections, department stores
26
Commercial paper
30
Communications
36
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
30
Copper
49
Copper wire cloth
50
Copra and coconut oil
37
Corn
40
Cost-of-living index
23
Cotton, raw and manufactures
23, 53
Cottonseed, cake and meal, oil
38
Crops
23,38,40,53
Dairy products
23,39,40
Debits, bank
31
Debt, United States Government
33
Delaware, employment, pay rolls
28,29,30
Department-store sales and stocks
26,27
Deposits, bank__
31
Disputes, labor
29
Dividend payments
34
Douglas
fir
45,46
Earnings, factory
29,30
Eggs
23,42
Electrical equipment
49
Electric power, production, sales, revenues. _ 22,39
Electric railways
35
Employment:
Cities and States
28
Factory
.
27,28
Nonmanufacturing
28
Miscellaneous
28
Emigration
36
Enameled ware
47
Engineering construction
24
England, exchange; United States trade with_ 32,35
Exchange rates, foreign
32
Expenditures, United States Government
33
Explosives
37
Exports
34,35
Factory employment, pay roils
27,28,29,30
Failures, commercial
31
Page
Fairchild retail price index
23
Fares, street railways
35
Farm employees
28
Farm prices, index
23
Federal Government,
finance
33
Federal-aid highways
25, 28
Federal Reserve banks, condition of
31
Federal Reserve member bank statistics
31
Fertilizers
37
Fire-extinguishing equipment
55
Fire losses
25
Fish and fish oils
37,42
Fiaxseed
38
Flooring, oak, maple, beech, and birch
45
Flour, wheat
41
Food products
22,23,27,29,39,40,41,42
Footwear
45,52
Foreclosures, real estate
25
Foreign trade, indexes, values
34,35
Foundry equipment
48
France, exchange; United States trade with_
32,
34,35
Freight cars (equipment)
27,55
Freight car loadings, cars, indexes
35
Freight-car surplus
36
Fruits
23,40
Fuel equipment
48
Fuels
43,44
Furniture
46,48
Gas, customers, sales, revenues
39
Gas and fuel oils
44
Gasoline
44
General Motors sales
55
Glass and glassware
22,27,28,29,52
Gloves and mittens _ .
45
Gold
32
Goods in warehouses
26
Grains
23,40,41
Gypsum
53
Hardwoods
45
Heels, rubber
52
Hides and skins
44,45
Hogs
41,44
Home Loan Bank, loans outstanding
25
Hosiery
53
Hotels
28,30,36
Housing
23
Illinois, employees, factory earnings
28, 29,30
Imports
34,35
Income-tax receipts
33
Incorporations, business
26
Industrial production, indexes
22
Installment sales, Hew England
27
Insurance, life
32
Interest payments
34
Interest rates
31
Investments, Federal Reserve member banks31
Iron, ore; crude; manufactures
22, 46
Italy, exchange; United States trade with
32,35
Japan, exchange; United States trade with__ 32,34
Kerosene
44
Labor turnover, disputes
29
Lamb and mutton
42, 44
Lard
__
41
Lead
49
Leather
22,23,24,25,27,28,29,44,45
Leather, artificial
54
Liberty bonds
33
Linseed oil, cake, and meal
.
38
Livestock
23,41,42,44
Loans, agricultural, brokers', time, real estate
30,31
Locomotives
55
Looms, woolen, activity
54
Lubricating oil
44
Lumber
22,23,24,27,28,29,45,46
Lumber yards, sales, stocks
45
Machine activity, cotton, silk, wool
53, 54
Machine tools, orders
49
Machinery
25,27,28,29,35,48,49
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
22, 23
Maryland, employment, pay rolls
28,29
Massachusetts, employment, pay rolls
28, 29
Meats
41,42
Metals
22,23,27,28,29,49,50
Methanol
37
Mexico:
Petroleum production and exports
43
Silver production
32
United States trade with.
35
Milk___
40
Minerals
22,43,49
Money in circulation
32
National Industrial Recovery Act, highway
construction
25
Naval stores
37
Netherlands, exchange
32
New Jersey, employment, pay rolls
28, 29,30
Newsprint
50
New York, employment, pay rolls, canal
traffic
28,29,36
New York Stock Exchange
31,33
Notes in circulation
31
Oats
40
Oceania, United States trade with__.
34,35
Ohio, employment
.
28
Ohio River traffic
36
Page
Oils and fats
37,38
Oleomargarine
38
Paints
38
Paper and pulp
22,23,27,28,29,50,51
Passenger-car sales index
26
Passengers, street railways; Pullman
35,36
Passports issued
36
Pay rolls:
Factory
29
Factory, by cities and States
29
Nonmanufacturing industries
29,30
Pennsylvania, employment, pay rolls
28,29
Petroleum and products
22,27,28,29,43,44
Pig iron
22,46,47
Pork
41,42
Postal business
.
26
Postal savings
31
Poultry
23,42
Prices:
Cost of living, indexes
23
Farm indexes
23
Retail indexes
23
Wholesale indexes
23,24
World, foodstuffs and raw material
24
Printing
22
Production, industrial
22
Profits, corporation
32
Public
finance
33
Public utilities
36
Pullman Co
36
Pumps
49
Purchasing power of the dollar
24
Radiators- _'
50
Radio, advertising
25
Railroads; operations, equipment, financial
statistics
35,36,55
Railways, street
35
Rayon
54
Real-estate market activity
25
Reconstruction Finance Corporation, loans
outstanding
33
Registrations, automobiles
55
Rents (housing), index
23
Retail trade:
Automobiles, new, passenger__„
26
Chain stores:
5-and-10 (variety)
26
Grocery
26
Department stores
26, 27
Mail order
27
Rural general merchandise
27
Roofing
39
Rice
40
Rubber, crude; scrap; clothing; footwear;
tires
22,23,24,27,28,29,51,52
Rye
41
Sanitary ware
47
Savings deposits
31
Sheep and Iambs
42
Shipbuilding
22,27,23,29,56
Shoes
22,24,25,27,28,29,45
Silk
23,54
Silver
22,32
Skins
44
Softwoods
45,46
Spain, exchange
32
Spindle activity, cotton
53
Steel, crude; manufactures
22, 47, 48
Stockholders
34
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks, issues, prices, sales, yields
34
Stone, clay, and glass products
22,
23,27,28,29,52,53
S ugar
23,42
Sulphur
37
Sulphuric acid
37
Superphosphate
37
Tea
23,42
Telephones and telegraphs
36
Terneplate
48
Terra cotta
53
Textiles, miscellaneous products
54
Timber
45
Tin and terneplate
23,48
Tires
22,24,27,28,29,51
Tobacco
22,25,27,28,29,43
Tools, machine
49
Trade unions, employment
28
Travel
36
Trucks and tractors, industrial electric
56
United Kingdom, exchange; United States
trade with
32,35
Uruguay, exchange
32
United States Steel Corporation
30,34,48
Utilities
28,29,34,35,39,55
Vacuum cleaners
50
Variety store sales index
26
Vegetable oils
37,38
Vegetables
23,40
Wages
29,30
Warehouses, space occupied
26
Waterway traffic
36
Wheat and wheat
flour
23,41
Wholesale prices
23
Wisconsin, employment; pay rolls
28,29
Wood pulp_
50
Wool
22,24,54
Zinc
22,49
PUBLICATIONS AVAILABLE
A recent check of the stock of Commerce Department publications on hand at the Government Printing Office reveals a supply of certain bulletins which may be of interest to users of
the SURVEY. If you desire any of the numbers listed, send the necessary remittance as indicated
below.
DOMESTIC COMMERCE SERIES
NATIONAL DRUG STORE SURVEY REPORTS
No. 57.
No. 59.
No. 61.
No. 65.
No. 70.
No. 73.
No. 86.
No. 90.
Drug Store Arrangement. 10 cents.
Causes of Failures Among Drug Stores. 5 cents.
Prescription Department Sales Analysis. 5 cents.
Merchandising in Country Drug Stores. 5 cents.
Merchandising in City Drug Stores. 5 cents.
Merchandising Requirements—Drug Store Package. 5 cents.
Wholesale Druggists' Operations. 15 cents.
Costs, Sales, and Profits in the Retail Drug Store. 20*eents.
OTHER DOMESTIC COMMERCE SERIES PUBLICATIONS
No. 55.
No. 60.
No, 62.
No. 66.
No. 79.
No. 82.
No. 88.
No. 89.
Market Research Sources, 1932. 30 cents.
A Basis for Establishing Industrial Sales Territories. 10 cents.
A Basis for Supervision of Industrial Sales Personnel.^10 cents.
Motor Truck Freight Transportation. 10 cents.
Profits from Cost Analysis in Paint Distribution. 5 cents.
Causes of Bankruptcies Among Consumers. 5 cents.
Retail Operating Costs Within A Metropolitan Community. 10 cents.
Retail Credit Survey, July-December 1933. 5 cents.
TRADE PROMOTION SERIES
No. 129. Shipping and Shipbuilding Subsidies. 60 cents.
No. 133. Tung Oil. 10 cents
No. 154. Preparing Shipments to British Countries. 20 cents.
MISCELLANEOUS
Statistical Abstract of the United States—1934. $1.50.
Commerce Yearbook, 1932. Volume I, the United States. $1.25.
// you need any Commerce publication not in this list let us know
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